Once- King of Wall Street John Gutfreund s 20-room co-op lists for $120M Late Salomon Brothers boss was featured in Michael Lewis’ “Liar’s Poker”
The sprawling Fifth Avenue co-op owned for decades by recently-deceased, one-time Wall Street titan John Gutfreund is hitting the market, at a price fit for a Master of the Univ上海夜网论坛 erse.
The financier s widow, Susan Gutfreund, is selling their 12,000-square-foot, 20-room duplex apartment at 834 Fifth Avenue on Central Park East, asking $120 million, the Wall Street Journal reported.
The apartment features a 1,600-square-foot master bedroom – larger than some suburban homes – along with three 爱上海同城论坛 other bedrooms, a 50-foot-long living room with two fireplaces, a grand marble staircase and butler s pantry with a walk-in steel safe for storing silverware.
One of the most sought-after addresses in the city, 834 Fifth Avenue doesn t allow financing for co-op purchases.
Brown Harris Stevens s John Burger is one of the listing agents, according to the Journal.
Gutfreund was head of Wall Street investment firm Salomon Brothers throughout the 1980s. He took the firm public at the beginning of his tenure, one of the first of many Wall Street investment ho上海千花网交友 uses 爱上海同城论坛 to follow that route.
In 1991, he was forced to resign in the face of a major bond scandal at the bank.
He was featured prominently – and unflatteringly – in author Michael Lewis debut book,上海千花网交友 Liar s Poker, published in 1989.
Your fucking book destroyed my career, L[……]
Amazon plans brick-and-mortar grocery stores E-c上海贵族宝贝 ommerce giant began rolling out Fresh service to NYC, other cities in 2013
An Amazon Fresh truck
Get ready to go grocery shopping at an Amazon store near you.
The e-commerce giant is expanding its grocery business with brick-and-mortar Grocery Stores And Drive-in pickup locations designed to complement its same-day grocery delivery service, sources told the Wall Street Journal.
The stores and curbside pickup locations will offer current subscribers of Amazon’s same-day deliver Fresh service more ways to get their goods, particularly those who prefer to choose their own groceries.
This expansion puts Amazon directly in competition with grocery discounters like Walmart, which recently expanded its own pickup sites. Amazon recently dropped its $299 annual price for Fresh, and made the service available to Prime subscribers for $15 a month.
Groceries account for about a fifth of consumer spending, with online grocery sales make up only about two percent of that, the Journal reported, citing Morgan Stanley Research. Walmart controls 17.3 percent market share of grocery sales in the United States, with close to $140 billion in revenue, more than double than Kroger which is next in line. Amazon has 1.1 percent of market 上海贵族宝贝 share, comparable to Whole Foods 1.7 percent, according to the newspaper.
Amazon’s been taking the slow and steady route into fresh and consumables. It tested Fre上海龙凤论坛sh1f sh for six years in its hometown of S[……]
Chetrit gets $128M financing for Jamaica project Developer planning 324 apartments at former Mary Immaculate Hospital site
From left: Joseph Chetrit, rendering of 150-13 89th Avenue (credit: Goldstein, Hill West via YIMBY) and Adi Chugh
The Chetrit Group scored about $127.5 million in construction financing for its planned multifamily redevelopment of the Mary Immaculate Hospital site in Jamaica, sources told The Real Deal.
Chetrit is planning 上海夜网论坛 a four-building complex at 150-13 89th Avenue in downtown Jamaica, with 324 apartments. The developer acquired the site, which offers more than 415,000 buildable square feet right next to Rufus King Park, for about $4.8 million in 2009, according to New York YIMBY. The project is slated to cost about $175 million, sources said.
Bank of the Ozarks provided a roughly $88 million first mortgage, in a deal brokered by Mave阿爱上海同城 rick Commercial Properties Adi Chugh. The rest of the financing came in the form of a mezzanine loan from Arbor Commercial Mortgage. Both debt deals closed Thursday.
Iron Hound Management s Robert Verrone brokered the mezzanine debt, sources said.
Chetrit, headed by Joseph and Meyer Chetrit, is also planning a 46-story apartment and hotel project at Hudson Yards. In April, the developer sold the Sony Build上海龙凤论坛sh1f ing at 550 Madison Avenue to the Olayan Group for $1.4 billion.
Scorecard:上海龙凤论坛 Manhatt上海贵族宝贝交流区 an I-新上海贵族宝贝论坛 sales still way behind 2016 monthly average A monthly round-up of news and reports on the上海贵族宝贝 commercial market
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Landlords who use上海千花网龙凤论坛 d Airbnb to l爱上海龙凤419桑拿 ist illegal hotel settle with city for $1M 上海千花社区 Majid and Hamid Kermanshah listed units at 59 Fifth Avenue and 5 West 31st Stre上海贵族宝贝交流区 et on Airbnb
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European retail giant to take over Westfield for $15.7B Bid from Unibail-Rodamco consolidates two of world’s largest mall operators
World Trade Center mall (Credit: Westfield World Trade Center via Google+)
Westfield Corp., the operator of the World Trade Center mall in Lower Manhattan, Garden State Plaza in Northern New Jersey and several upscale shopping centers in London, has agreed to a $15.7 billion takeover by another giant in the shopping center industry: Unibail-Rodamco.
The deal combines two of the biggest mall operators in the world at a time when malls are going through many well-publi上海千花网 cized struggles, according to the Wall Street Journal. Westfield shares had been down 9 percent this year prior to the deal being made public, and the company has spent years lowering its retail exposure.
Frank Lowy, the chairman of Westfield, will retire as part o上海贵族宝贝论坛 f the deal, while his sons Peter and Steven will resign as the company’s co-chief executives. Unibail Chief Executive Christophe Cuviller will head up the new company. Unibail, based in Paris, operates malls in Western and Central Europe. Some of its holdings include the Forum des Halles and the Les 4 Temps malls in Paris as well as the Gropius in Berlin. The move for Westfield gives Unibail access to上海千花网 the London market.
The Lowy family saw the move as a chance to recover value for their shareholders, the Wall Street Journal reported, while Unibail executives saw a chance to increase their company’s portfolio[……]
HNA Group is confusing investors with its sales strategy Company is looking to sell off its global assets
Cheng Feng and 245 Park Avenue (Credit: Getty Images and Brookfield)
HNA Group s tactics for selling off its multi-billion-U.S. real estate portfolio are confusing investors and leading to rumors about how the conglomerate plans to unload its various office and hotel properties.
The company tapped two brokerages, Eastdil Secured and HFF, to sell o爱上海 ff its buildings but is also speaking directly to investors, Real Estate Alert reported.
“Everyone I’ve talked爱上海同城论坛 to about the HNA sale process shakes their head in disbelief,” one New York-based chief investment officer told Real Estate Alert. “No one knows or understands阿拉爱上海同城 what HNA is doing. It’s hard to believe a large, sophisticated organization is running such an unsophisticated process.”
There s been some talk, for instance, that Northwood Investors has an exclusive chance to buy all of HNA s U.S. properties this week, but it s unclear if this is the case. Northwood purchased 1180 Sixth Avenue — owned by an HNA subsidiary and MHP Real Estate Services — for $305 million. HNA hired Eastdil to sell that building and also gave the firm the non-exclusive right to shop other properti上海千花网 es, including 245 Park Avenue and 850 Third Avenue. HFF was hired to also non-exclusively pitch these properties, as w上海千花网交友 ell as the Cassa Times Square Hotel in Manhattan.
Following a $16 billion buying spree, HNA owns a majority s[……]
Queens means business: Here s the look at the borough s biggest deals in Q1 Lightstone Group’s $60M purchase of 29-21 41st Avenue topped the list
29-21 41st Avenue and 55-15 Grand Avenue (Credit: Google Maps)
Long Island City’s hotel market was strong enough to account for the largest deal of the first quarter in Queens this year.
Lightstone’s Group $60 million purchase of the Hilton Garden Inn at 29-21 41st Avenue in Long Island City topped the list of biggest transactions in Queens during the first three months of 2018, according to data from Real Capital Analytics. However, industrial properties dominated the top 10 list overall, taking up five of the top 10 spots, while the rest were split between one retail deal, one senior housing deal, one development site deal and one office deal.
Overall, the top 10 deals were worth about $358.4 million. This was lower than both the previous quarter’s total of about $540.4 million and the first quarter of 2017’s total of about $423 million.
Other large deals during the quarter included LBA Realty’s and RXR Realty’s roughly $55 million purchase of 55-15 Grand Avenue in Maspeth and BRP Companies’ $55 million purchase of 163-05 to 163-25 Archer Avenue in Jamaica.
The full list of Queens上海同城对对碰交友社区 ’ top 10 deals for the first quarter are below:
1. 29-21 41st Avenue, $60 million
Buyer: Lightstone Group
Seller: Phillip D. Ashkettle, MCS Capital Partners, Ranger Properties LLC
The biggest Queens deal of the first quarter was Lightstone Group’s $6[……]
Growth in home prices slowed across 20 major US metros in June Data from CoreLogic suggests that pricing may have hit a ceiling
New York (top) and Las Vegas (bottom) skylines (Credit: Pixabay and iStock)
The strong upward momentum in home prices seen across the country showed signs of slowing in June, according to th爱上海龙凤419桑拿 e latest S P CoreLogic Case-Shiller data.
Home prices in 20 U.S. cities rose at their slowest pace since 2016 amid high prices and higher mortgage rates, according to Bloomberg’s analysis of the data. All cities posted gains on a year-over-year basis, but New York was the only metro area that saw a drop between June and May.
Some cities still posted s上海千花社区 trong gains. Las Vegas led with a 13 percent annual increase, edging past Seattle for the top spot, but only by 0.2 percent. Las Vegas’ 1.4 percent seasonally adjusted month-to-month increase was the largest as well, followed by Cleveland, Detroit and Minneapolis, according to Bloomberg.
San Francisco, already one of the most expensive places to live in the country either as a renter or buyer, saw a 10.7 percent increase in pricing.
The trend played out in Southern California, which saw its slowest June in four years this year. The 22,706 homes sold in June were 15 percent lower than average sales since上海千花社区 1988.
In May, CoreLogic found that while prices were up by 6.4 percent year-over-year, the pace of sales was slowing. Sales of new homes hit an eight-month low in June, dropping by 5.3 percent from M[……]
Co-op boards in Westchester County will have to make up their minds about potent上海贵族宝贝交流区 ial buyers in a timely manner moving forward. Lawmakers t爱上海同城 his week voted to pass a bill that requires boards to acknowledge applications within 15 days — and let 爱上海龙凤419桑拿 potential buyers know if their applications are missing anything — and either accept or reject completed applications within 60 days, LoHud reported. “At the heart of it was to speak to discrimination and to fight back against discrimination in housing in this county,” Legislator Chris Johnson, a Yonkers Democrat and sponsor of the bill, told the outlet. The bill did not include a prov上海千花网论坛 ision that would have required boards to provide a written explanation for the rejection of an app爱上海同城手机版 lication, as co-op owners protested against it, according to LoHud. Boards will, however, have to send any applications they reject to Westchester County’s Human Rights Commission. [LoHud]
Tags: Westchester Fairfield
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