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Tribeca Film Festival Building

Lights, camera, sale! Tribeca Film building in contract for $90M Vanbarton Group plans to redevelop 17 Laight Street

17 Laight Street (inset: Richard Coles and Zach Vella)

It s a wrap! The former home of the Tribeca Film Festival has found a buyer for $90 million.

Richard Coles and Gary Tischler s Vanbarton Group is in contract at 17 Laight Street, an 115,000-square-foot, six-story mixed-use property at the corner of Varick an上海龙凤论坛 新上海贵族宝贝论坛d Laight streets.

Vanbarton intends to redevelop the property into a mixed-use office, retail and lifestyle facility, the New York 爱上海同城对对碰 爱上海同城论坛Post reported.

The sellers, Florida-based investment firm WhiteStar Advisors爱上海同城对对碰 爱上海同城论坛 along with development firm VE Equities, headed by Zach Vella and Justin Ehrlich, paid $56 million for the former warehouse at the end of 2012 from Mazda Re上海贵族宝贝交流区 上海贵族宝贝论坛alty Associates, and subsequently bought out the office tenants, including Tribeca Film, which received $2.8 million in June 2016.

The building s been on and off the market since 2014, when the owners shopped it around for $105 million. When Whitestar bought the property, it intended to repurpose the building as condos, sources said at the time. [NYP] E.B. Solomont

Tags: tribeca, Vanbarton Group, ve equities
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Regis Roumila

Regis Roumila flies the Nest to Corcoran Paris native was firm’s #2 agent in 2015, Corcoran said

Regis Roumila

Regis Roumila, one of Nest Seekers International s top agents, is flying off to the Corcoran Group’s Chelsea office.

The Paris native, who joined Nest Seekers in 2011, attended law school at the Sorbonne and worked in advertising before turning to real estate in 2000. After moving to New York, he did stints at several firms, including Citi Habitats and CORE. Corcoran said at Nest Seekers, he was the firm s No. 2 agent in 上海千花网龙凤论坛 上海千花社区2015, behind Ryan Serhant.

Roumila上海贵族宝贝交流区 上海贵族宝贝论坛 said he hoped the move to Corcoran would help him take his business to a new level. His recent deals include the sal上海千花网 爱上海同城对对碰e of a three-bedroom co-op at 279 Central Park West for nearly $7 million and a penthouse at 401 East 60th Street that went for $5.9 million.

In a statement, Nest Seekers CEO Eddie Shapiro said he understands and respects the need for change. “He contributed greatly to our organization for many years,” he wrote. “Our door will always be open for Regis. We look forward to having him back soon.”

As for Corcoran, the Pam Liebman-led firm has been on something of a recruiting tear of late.

In late June, 上海千花网 爱上海同城对对碰the firm tapped Charlie Lewis, Warburg’s No. 2 agent, to join its ranks. And last month, Corcoran also hired Mike Fabbri, Compass’ former lead for agent development, as an agent.

Tags: Corcoran Group, Nest Seekers International
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Fordham Real Estate institute

Fordham University launches real estate program to challenge NYU, Baruch School will offer certificate program at Manhattan campus

Fordham University at Lincoln Center (credit: Fordham)

Fordham University is taking on NYU and Baruch College by launching a real estate program at its Manhattan campus.

The program, dubbed Fo爱上海同城对对碰 爱上海同城论坛rdham Real Estate institute at Lincoln Center, will accept its first students in the spring of 2017. It will offer a six-course certificate program, as well as the chance to enroll in individual courses.

“No other universities are offering certificate programs that match Fordham s quality and flexibility,” Fordham School of Continuing and Professional Studies dean Anthony Davidson boasted in a statement.

The new program will compete for students with NYU’s Schack Institute of Real Estate, which offers both certificate programs and Masters degrees, and Baruch College’s Steven L. Newman Real 上海千花网交友 上海千花网论坛Estate Institute, which offers certificate programs. Columbia University’s business school offers an MBA real estate program上海千花网龙凤论坛 上海千花社区.

Robert Morgenstern, who previously worked as the academic director of the Schack Institute, was selected to lead Fordham s real 上海龙凤论坛sh1f 上海龙凤论坛estate program.

The Jesuit university s new program will新爱上海同城对对碰论坛 上海同城对对碰交友社区 cover four fields: finance and investment, financial modeling, development, and construction project management. The faculty list includes JLL’s Randy Apfelbaum and 48 Capital LLC’s Efrat Sharon. Konrad Putzier

Tags: fordham university, NYU
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Westchester Fairfield Cheat Sheet

Westchester Fairfield Cheat Sheet: Douglas Elliman victorious in agent-poaching case against William Raveis, who must pay $5M … more

From left: Ryan Raveis, Bill Raveis and Chris Raveis

Douglas Elliman victorious in agent-poaching case against William Raveis, who must pay $5M

William Raveis Real Estate, a powerhouse brokerage in Westchester and Fairfield counties, was ordered this week to pay rival Douglas Elliman $5 million in damages for poaching agents. In the kind of turf war that could have been been scripted by Martin Scorsese, things got heated when Elliman opened a Greenwich office in 2014. Raveis then opened a Manhattan office headed by former Elliman president Paul Purcell and Kathy Braddock. Accusations flew back and forth, with Elliman ultimately victorious when an inevitable lawsuit ensued. Raveis has vowed to appeal the ruling. [TRD]

ELD Properties’ 110-unit Millennia breaks ground in New Rochelle

By naming their 110-unit New Rochelle building Millennia, developer ELD Properties, Inc. doesn t make it too hard to figure out who their target audience is. Featuring a fitness center, shared rooftop patio and flexible office space, the $30 million dollar project, which began construction this week, is due for completion by the fourth quarter of 2018. Ten percent of the units will be priced for low-income families, Real Estate In-Depth reported. The project is the third of seven residential properties ELD has planned for the city. [Real Estate In-Depth]

Harry Connick Jr. lists his New Canaan home for $7.5 million

After almost 20 years, Harry Connick Jr. and his wife Jill have decided to try something new and it s their house they are ditching, not each other. The couple s 4.61-acre estate in New Canaan just hit the market for $7.5 million, the Wall Street Journal reports. The 爱上海龙凤419桑拿 上海龙凤论坛sh1fcouple spent two years renovating the seven-bedroom, 11,600-square-foot former dairy farm after purchasing it in 1998 for $1.54 million. In addition to interior upgrades, they added a heated swimming pool and pool house. April Kaynor and Kelly DeFrancesco at William Raveis Real Estate have the listing. [WSJ]

White Plains seeks developers for land around Metro-North station

The city of White Plains has issued a call for developers to submit proposals to create mixed-used projects o上海千花网论坛 上海千花网n 4.5 acres around the Metro-North train station. The request for expressions of interest, which includes the repurposing of three-city owned properties (a fire station, parking garage and two parking lots), was released on June 12上海千花网 爱上海同城对对碰, the Westchester Business Journal reported. Submissions should include plans for open space, parking, pedestrian walkways and bike lanes. The deadline for proposals is August 18. [WBJ]

Works begins on Mamaroneck’s largest residential development in nearly 20 years

Halpern Real Estate Ventures and Rosen Development Group have just broken ground on a $35 million, 100-unit project at 270 Waverly Avenue, next to the town s Metro North station. Dubbed th[……]

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Food Halls NYC

As more of the trendy eateries are expected to open up across the country, experts weigh in on the upside and the risks of the model

Food halls are hotter than a dollop of artisanal ghost pepper mayonnaise in the summer. There are about 100 of the upmarket, cafeteria-style eateries operating across the country — a number that could at least double in the next four years, according to hospitality consultant Steven Kamali. With success stories in New York City, including Chelsea Market and Smorgasburg, it’s no surprise that landlords want in on the action.

Food halls can drive foot traffic to a project’s other retail components and increase property values. But the eateries can also be a high-risk investment. If the location is wrong, or a vendor is unreliable, food halls can collapse under their own weight. “There is a higher capital cost and a higher operating cost because [of everything] that a space with an intense food use has,” said Paul Travis, the founder and managing partner of Washington Square Partners, which opened a food hall at City Point in Brooklyn earlier this year. “The flip side is that if you’re doing it right, you can bring in value to a property,” he noted.

With the trendy food and beverage destinations opening left and right, The Real Deal turned to several landlords, brokers and food and beverage experts to hear their thoughts on the ingredients for success, where the food market model is going and if there are enough pieces of key lime pie to go around.

Paul Travis
Founder and Managing Partner, Washington Square Partners

Were you looking specifically for a food hall at City Point? Yes. We were really intrigued by the idea of a food hall as a part of City Point and had designated a 9,500-square-foot space on the ground floor for it. We looked at food halls all over the country and found that the most successful ones had a really wide range of vendors. We realized our space was probably too small, so we switched the concept and devoted [nearly an entire floor to it]. Now we have 59,900 square feet of food [including Trader Joe’s, Han Dynasty, Fortina,] and the Dekalb State event space]. The other part of it is that to be a successful retailer in the 21st century, you have to create an environment where people want to spend time. The food hall was one of the ways to do that, and the other was to bring in the movie theater Alamo Drafthouse.

You do a lot of consulting for developers. Has the food hall model entered your business lexicon? I would say it has, but we take a certain point of view. We’re a big advocate for food halls that are local and created by food entrepreneurs.

Paul Travis

You are essentially creating a number of restaurants in a food hall, so is there a high overhead? Yes. If you don’t have on-site cooking, you’re of limited interest to the consumer — so venting and fire protection, which are very expensive, are at the core of having a food hall. There is a higher capital cost and a higher operating cost because there[……]

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Bayrock Group

Kriss, Bayrock agree to settle racketeering lawsuit after 8 years Trump Soho developer was sued by ex-employee in 2010

Jody Kriss and Felix Sater (Credit: Wikimedia Commons, Ma爱上海同城对对碰 爱上海同城论坛x Pixel, Pixabay)

Jody Kriss agreed to settle his racketeering lawsuit against Trump Soho developer Bayrock Group, ending a nasty legal battle that stretched nearly a decade.

Kriss filed the lawsuit against his former employer in 2010, alleging that Felix Sater and Tevfik Arif’s real estate firm laundered money, evaded taxes上海贵族宝贝论坛 上海贵族宝贝 and bilked him out of millions. The lawsuit led to years of legal proxy warfare between Kris上海千花社区 上海千花网交友s and Sater, who denied the accusations and labeled the former Bayrock finance director as a disgruntled ex-employee.

The two sides hammered out the settlement over several months, Bloomberg reported.

Bayrock developed the condo and hotel tower at 246 Spring Street, which got the name Trump Soho through a licensing deal with the Trump Organization. In his lawsuit, Kriss also alleged that Arif and Sater also defrauded the Trump Organization by not disclosing Sater s 1998 racketeering conviction. In 2010 Trump, Bayrock and the Sapir Organization were sued for lying to prospective buyers about their sales success. The Manhattan District Attorney s Office later dropped the criminal investigation into the Trump scions.

The tower, now owned by Los Angeles-based private equity firm CIM Group, changed its name to the Dominick Hotel in December. [Bloomberg] Konrad Putzier

Tags: bayrock group, Politics, trump organization, Trump Soho
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Lindenhurst could change zoning rules for proposed apartment building near LIRR

The Lindenhurst Village Board will convene Tuesday and vote on whether to change zoning for a site from industrial to residential, in order to pave the way for a proposed apartment development. The project, which is spearheaded by Tritec Real Estate, would create 260 a阿爱上海同城 阿拉爱上海同城partment units across from the town’s LIRR station. Reaching a height of 53 feet and taking up a total of 317,上海龙凤论坛 新上海贵族宝贝论坛478 square feet, the project would also include 339 parking spots. [Newsday]

Tags: long island
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StreetEasy inks lease for 130K sf at 上海贵族宝贝论坛 上海贵族宝贝
Global Holdings 1250 Broadway Listings portal will leave 53K sf digs 上海千花网龙凤论坛 上海千花社区at 130 Fifth next year

Susan Daimler and 1250 Broadway

Zillow Group is doubling down on New York City.

The Seattle-based listings giant has inked a deal to expand its footprint to 130,000 square feet — up from 53,000 square feet, a spokeswoman for the company confirmed. The company said it had leased five floors at Global Holdings NoMad Tower, located at 1250 Broadway. Zillow plans to move from its current digs at 130 Fifth Avenue in the Flatiron District sometime next year.

Between its three brands — StreetEasy, Naked Apartments and Out East — Zillow Group currently has 270 New York City employees.

But it s been staffing up as it seeks to monetize those brands, specifically StreetEasy, which it acquired for $50 million in 2013.

In 2017, Zillow expanded its massively profitable Premier Agent advertising program to StreetEasy. Around the same time, StreetEasy initiated a $3-a-day fee to post rental li上海千花网 爱上海同城对对碰stings, which drew the ire of agents — many of whom ultimately acquiesced to the new model.

Most recently, Zillow announced changes to Prem上海龙凤论坛 新上海贵族宝贝论坛ier Agent this summer, when its own sales reps began screening buyers before passing off leads to agents who advertise on its platform.

Eyal Ofer s Global Holdings bought 1250 Broadway for $565 million in 2016. The company rebranded the 39-story, 720,000-square-foot tower last year, and tapped JLL s Paul Glickman to head up leasing. At the time, asking rents for the large blocks ranged from $78 to $82 per square foot.

Zillow will occupy floors eight through 12, a spokeswoman said.

Tags: Commercial Real Estate, Stribling 新上海贵族宝贝论坛 上海贵族宝贝交流区Associates, Tech, zillow
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Amazon HQ2 City

Amazon HQ 2 cities: The company will split new headquarter locations, report says The mega-project will be divided between two cities; New York is among the final 3 still in contention

聽 Jeff Bezos with Dallas and New York (Credit: Getty Images and Unsplash)

After months spent deliberating which of the 20 finalist cities will host its second headquarters, Amazon appears to have made a decision. And it鈥檚 a su新上海贵族宝贝论坛 上海贵族宝贝交流区rprise.

The e-commerce giant will split its planned $5 billion HQ2 between two cities, according to a report in the Wall Street Journa新爱上海同城对对碰论坛 上海同城对对碰交友社区l.

The offices will be the same size and both will employ up to 25,000 people each爱上海同城 爱上海, the Journal reported.

The news comes just after reports that Amazon had narrowed its choices to Cryst阿爱上海同城 阿拉爱上海同城al City, Virginia; Dallas; and New York.

Amazon announced its plans to build a second headquarters last fall and attracted 238 proposals from around the country. The company said it would employ 50,000 people for the new HQ2, with a total investment of around $5 billion. The announcement set off speculation, analysis and predictions over where HQ2 would touch down, all of which has yet to subside. Some investors have made risky plays to try to cash in on the planned move, scooping up real estate where they think Amazon will eventually settle.

Since January, when Amazon narrowed the initial list of cities to 20, it hasn鈥檛 provide爱上海同城论坛 爱上海同城d more information about its preferences. In addition to New York the finalists also include Los Angeles, Miami, and Chicago, among others.

Analysts say splitting the headquarters among two cities could ease potential housing, transit and infrastructure issues. [Wall Street Journal] 鈥?Dennis Lynch聽

Tags: amazon, Amazon HQ2, Development
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IBM planning new $2B AI research center in Upstate NY The company’s AI Hardware Center in Albany will focus on computer-chip technology

SUNY Polytech Institute in Albany and IBM CEO Ginni Rometty (Credit: SUNY poly and Getty Images)

New York City is developing a reputation for being a 爱上海同城论坛 爱上海同城tech hotbed, but don t sleep on Upstate. IBM is investing $2 billion into 新上海贵族宝贝论坛 上海贵族宝贝交流区a new research hub in Albany focused on artificial intelligence.

The new AI Hardware Center 上海同城对对碰交友社区 上海夜网论坛will focus on computer-chip research, development, prototyping, testing and simulation, according to Bloomberg. It will be located at the SUNY Polytechnic Institute in Albany.

I上海贵族宝贝论坛 上海贵族宝贝BM, based in Armonk, has been pushing into new technologies like AI and cloud-computing and away from its legacy businesses like mainframe computers. The阿爱上海同城 阿拉爱上海同城 company plans to expand its partnership with SUNY Poly for the Center for Semiconductor Research, which is on track to expire at the end of 2021.

The company inked a 28,000-square-foot lease at 19 Union Square West last year to house part of its engineering and technology team, and the corporation took all of WeWork’s 88 University Place in 2017, the first time a single corporation had taken an entire WeWork space in New York. [Bloomberg] – Eddie Small

Tags: Commercial Real Estate, Development, suny, Tech
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