Pod Hotels NYC

BD Hotels to bring resi units to Times Squa爱上海 爱上海同城手机版re “pod” hotel Top floors of 400 West 42nd Street will feature 48 apartments

The hoteliers behind the trendy Mercer Hotel, Stanhope Hotel and Hotel Élysée are adding a residential concept to t阿拉爱上海同城 爱上海龙凤419桑拿heir micro-unit hotel project in Times Square.

Richard Born and Ira Drukier’s BD Hotels will lease furnished apartments at the forthcoming Pod Times Square, at 400 West 42nd Street, where hotel rooms are around 120 square feet and average $180 a night, director of development Caroline Gleser told The Real Deal.

Slated to open in early 2017, the 665-room hotel will have 48 one- and two-bedroom apartments – dubbed Pod Pads – on the 23rd through 27th floors. The developer has not yet priced the units, which will be larger than its hotel rooms at 400 square上海龙凤论坛 新上海贵族宝贝论坛 feet to 800 square feet. The apartments can be rented for a minimum of a month or a full year.

“Whether you’re here on a gig or not sure you want to be here full-time, it speaks to a new entrant in the market,” Gleser said, of the target audience for the apartments.

“The ability爱上海 爱上海同城手机版 to move into a unit that already has electric, Wifi and cable included, in addition to the fact that they are finished units, will make the move-in process more akin to checking into a hotel than moving into an apartment,” she added.

The project’s developers, the Friedman Group and Landis Group, acquired the site for about $80 million before the 2008 financial crisis, they told The Real Deal in 2013. They later demolished three low-rise buildings at the corner of West 42nd Street and Ninth Avenue to make way for the 27-story tower. The project will have 25,000 square feet of retail at the base.

Friedman and Landis tapped BD Hotels to operate the hotel as part of its Pod Hotels brand, a micro-unit concept focused on budget-conscious millennial travelers, which they launched in 2007. Currently, there are two Pod Hotels in Manhattan at 145 East 39th Street and 230 East 51st Street. Three more are in the works, including ones in Times Square, Williamsburg and Washington, D.C.

Born and Drukier, who own and operate 25 hotels, have waded into the residential market before. In 2001, they partnered with architect Richard Meier爱上海同城 爱上海 on 173 Perry Street (16 units) and 176 Perry Street (23 units). In partnership with the Kibel family in 2008, they also converted a Cass Gilbert office building at 90 West Street into a 410-unit rental.

Tags: Hotel Market, richard born
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419 Park Avenue South

Walter Samuels lands $50M to refi NoMad office building Loan for 419 Park Ave South replaces $32M mortgage

David Berley and 419 Park Avenue South in NoMad

Real estate firm Walter Samuels has scored a $50 million loan to refinance its NoMad offic爱上海同城论坛 爱上海同城e building.

Apple Savings provided the loan for 419 Park Avenue South, which replaces a previous $32 million mortgage and includes $18 million in new financing, according to documents filed with the city s Department of Finance on Thursday. Variable Annuity Life Insurance Company provided the original mortgage.

“This a low loan-to-value loan with one of New York s terrific banks,” said David Ber爱上海 爱上海同城手机版ley, chairman of Walter Samuels . “We do a lot of 上海千花网论坛 上海千花网mortgage financing. It s one of our specialties.”

The 20-story office building spans 160,114 square feet, and its tenants include design firm Keiser Associates, a 3-D printing company Shapeways and l爱上海同城 爱上海aw firm Krass Snow Schmutter. Walter Samuels, which occupies the 15th floor, recently renovated and enlarged the building s lobby.

The firm is currently marketing the eighth floor of the building, which has 6,083 square feet available. The asking price is $65 per square foot.

Walter Samuels manages 50 buildings throughout the 上海贵族宝贝交流区 上海贵族宝贝论坛city. In April, Berley purchased a three-story office building at 516 Eighth Avenue in the Garment District for $25 million. In July 2015, SL Green paid Walter Samuels $27.1 million for a mixed-use residential building at 260 East 72nd Street.

Tags: nomad, walter & samuels
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Cooper Horowitz

Inside Cooper-Horowitz’s mid-day cocktail party: PHOTOS The finance brokerage’s matinee special draws the industry crowd to Michael Jordan’s

Why put off till the evening what you can get done over lunch?

Cooper-Horowitz’s mid-day holiday party brought in a procession of bankers, brokers and builders to Grand Central Station Wednesday, where industry types swapped hugs and celebrated getting through a challenging year in the real estate finance market.

Richard Horowitz, one of the hosts, radiated optimism. “It’s been a great year,” he told guests at the entrance to Michael Jordan s NYC Steakhouse. “I don’t know how many billions… I’ll have to check with my brother.”

But some in attendance were more inclined to share market pessimism than holiday cheer. As they jostled through the crowd with full glasses and fuller plates, bankers could be heard grumbling about decreased business in financing luxury condominium purchases.

“Everything above $5 million is dead, one said. Everything above $10 million is dead dead.”

Leslie Himmel of Himmel + Meringoff said her firm was able to pull off a series of refinancings at low interest rates that left them sitting on a pile of cash to close the year. We got it done just in time, Himmel said, citing the Fed s just-announced indication that it will raise rates more aggressively in 2017.

Meir Cohen, of Cohen Equities, was spotted with his son Jonny. Business is good, business is good, he said. Jonny said the company has mo上海千花网交友 上海千花网论坛stly been busy上海夜网 阿爱上海同城 minding its existing investments, though it did partner with Premier Equities on a series of purchases in NoMad and on the Lower East Side, he said.

Ian Bruce Eichner of Continuum Company exchanged rapid-fire handshakes as he made his way into the event. I ve been doing business with Rob Horowitz for 20 years, he said.

Elsewhere in the milieu, Ladder Capital’s Andy Babat was miffed by all the attention his firm has上海千花网交友 上海千花网论坛 been getting because of the two loans it holds from President-elect Donald Trump. He dismissed the media’s interest as hype, but noted that it wasn’t likely to go away anytime soon either.

Also spotted: Kramer Levin s Jay Neveloff, RKF s Robert Futterman, Stephen Plavin of Blackstone Mortgage Trust (an affiliate of the Blackstone Group), Eastern Consolidated s Adelaide Polsinelli, East River Partners Jody Kriss and lenders and brokers of all stripes.

A group from the developer Bizz上海千花社区 上海千花网交友i+Partners said hello, but when asked about how things were going with their new supertall project at 125 Greenwich Street, they scurried into the crowd.

Others passed on the chance to talk shop between swigs of white whine and bites of kosher fare. When asked about his deal flow, Cooper-Horowitz broker Bob Vegh answered “You know my son [Westwood Realty Associates Steven Vegh]? He’s a very, very active broker.”

The real estate holiday party season is a grueling fortnight on the calendar, with industry execs often having to hit multiple events in a day and schmooze all over the ci[……]

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Best Architecture

The Bibliotheque Sainte-Genevieve s architect: Henri Labrouste.Wikipedia Commons

Like paintings and sculptures, buildings can be beautiful works of art.

We asked architects to tell us the one building that s a design game-changer, that inspired them to become architects, or that they find stunning.

Here are 9 of the most breathtaking buildings in the world, according to people who build them for a living.
The MIT Chapel in Cambridge, Massachusetts

The MIT新上海贵族宝贝论坛 上海贵族宝贝交流区 Chapel s architect: Eero Saarinen.Wikipedia Commons

I was introduced to the MIT Chapel early in my architectural education, Laura Thomas said. But it was in seeing it in person that I understood what architecture could be. The scale, the materials, the light — you just get the power of it. Then I began to understand what上海夜网论坛 上海夜网 architecture was all about.

Thomas is the president and principal of Melville Thomas Architects.

The Sheats Goldstein Residence in Los Angeles

The Sheats Goldstein residence s architect: John Lautner.LACMA

Known to many as The Big Lebowski house, it s one of those places that sits you down and makes you say whoa because of its daring imagination, Evan Troxel said.

Troxel is a senior project designer at HMC Architects and hosts the podcast Archispeak.
The Bibliotheque Sainte-Genevieve in Paris, France

The Bibliotheque Sainte-Genevieve s architect: Henri Labrouste.Wikipedia Commons

Completed in 1850, it is a magical jewel box of a building, Jared Banks said. The gray stone classical exterior hides a cavernous light-filled reading room composed of two wrought-iron barrel vaults.

Banks is an architect for Shoegnome Architects.

Casa Mila in Ba上海贵族宝贝 上海千花网龙凤论坛rcelona, Spain

Casa Mila s architect: Antoni Gaudi.Ro上海千花网 爱上海同城对对碰b Shenk/Flickr

Casa Mila is exuberant, context-rich, sensual, and imbued with a rich urban residential character, Clark Manus said.

Manus is the CEO of Heller Manus Architects and a former president of the American Institute of Architects.
The Empire State Building in New York

The Empire State Building s architects: William Freder新上海贵族宝贝论坛 上海贵族宝贝交流区ick Lamb, Yasuo Matsui, and Gregory Johnson.Daniel Goodman/Business Insider

I wanted to become an architect since I was 6 years old in part because of this building, William Martin said. My parents would put us in the car and drive down River Road and Boulevard East with expansive views of Manhattan from the back seat of our car. The antenna enhanced the value of the building by allowing for better reception for millions of people.

Martin is the founder of WJM Architect.

The Forbidden City temple in Beijing, China

The Forbidden City s architects: Nguyen An, Cai Xin, and Kuai Xiang.Wikipedia Commons

It has amazing scale and longevity of the design, complex structure, yet simple forms, Rosa Sheng said. My grandfather explained that architecture is meant to last beyond one s lifetime. It is a living time capsule of the culture for an entire civilization.

Sheng is a senior architect at the firm Bohlin Cywinski Jackson
Fallingwater in Mill Run, Pennsy[……]

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Millennials are depending less on FHA loans to purchase their first home

As the youngest generation enters the housing market, their dependency on government l新上海贵族宝贝论坛 上海贵族宝贝交流区oans from the Federal Housing Adm爱上海同城手机版 新爱上海同城对对碰论坛inistration has decreased, according to Ellie Mae’s monthly Millennial Tracker report. In the month of June, only 32 percent of爱上海同城论坛 爱上海同城 home loans that closed for millennials were FHA loans, and they averaged  about $173,000. In the same month, 63 percent of millennials closed conventional loans in the amount of about $205,000. [Housingwire]

爱上海 爱上海同城手机版
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Kylie Jenner Home

Kylie Jenner unloads spare home in Hidden Hills Youngest member of Kardashians has amassed a hefty real estate portfolio

(Credit from left: Hayu/Wikimed上海贵族宝贝论坛 上海贵族宝贝ia Commons, Zillow)

Hot on the heels of being named Forbes’ “youngest-ever self-made billionaire,” Kylie Jenner is once again racking up some millions.

The beauty products connoisseur has sold one of her two 上海夜网 阿爱上海同城homes in the gated Hidden Hills community for $6.7 million, Variety reported.

Spanning 7,040 s上海千花网龙凤论坛 上海千花社区quare feet, the Cape Cod-style home includes six bedrooms and seven bathrooms. Amenities include a fireplace, double-island kitchen and two fitted walk-in closets.

A solar-heated swimming pool and spa adorn the outside.

Jenner paid $6 million for the home in May 2016, property records show.

Aside from the cash Jenner has accumulated from her social media and makeup brand, the youngest member of the Kardashian/Jenner clan has also amassed an impressive real estate portfolio.

In 2016, she also purchased an eight-bedroom, 13,200-square-foot mansion in Hidden Hills for $12.4 million. And she flipped another property in the wealthy enclave that same year for $5.4 million, nearly $1 million more than what she paid for it six months prior.

The Kylie Cosmetics founder also sold a home in Calabasas, the Kardashians’ home turf, for $3.3 上海千花网交友 上海千花网论坛million 上海同城对对碰交友社区 上海夜网论坛last year.

Hidden Hills has become a haven for A-listers who are seeking a recluse from Hollywood. Located in the San Fernando Valley, the community features three guard gates to ensure privacy from the paparazzi. [Variety] Natalie Hoberman

Tags: celebrity homes, Hidden Hills, Kardashians, Re
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NYC

NYC-based firm sells 8 apartment buildings in Yonkers to Scarsdale developer for $12.3M

A Scarsdale 上海夜网论坛 上海夜网developer has bought eight rental apartment buildings in Yonkers for $12.3 million in a “package deal,” LoHud reported. Canvas Blue Development purchased the apartments — which house a total of 81 units — from New York City-based Rhodium Capital Advisors, com上海夜网 阿爱上海同城mercial real estate brokerage firm NuRealty Advisors told LoHud. Three of the buildings are on Orchard Place, three阿爱上海同城 阿拉爱上海同城 are on Fairview Street, one is on Orchard 上海千花网交友 上海千花网论坛Street and one is on Woodworth Avenue, according to the outlet. “Values are rising as investors see [Yonkers’] proximity to New York City,” NuRealty’s principal real estate broker Michael Nukho, who represented Rhodium Capital, told LoHud. “They see the capital invested in the Yonkers downtown.” [LoHud]

Tags: Westchester Fairfield
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Gil Dezer

WATCH: Gil Dezer talks about Northeastern millionaires flocking to SoFla “The Brighton Beach Russians are definitely coming down,” he said on CNBC’s Squawk Box

Here s what you need to know about the state of the luxury real estate sector from CNBC.

Dezer Development’s Gil Dezer dabbled in topics like President Trump, Russian buyers and Florida’s beneficial tax laws in an appearance on CNBC’s Squawk Box on Thursday.

Dezer, whose projects include the Porsche Design Tower and the planned Residences by Armani/Casa in Sunny Isles Beach, appeared on the show for a segment on South Florida’s luxury real estate market. Florida’s Millionaire Migration discussed how wealthy Northeasterners are buying property in South Florida to establish residency in a state where there is no state income tax.

“A business owner making a million dollars a year will actually be saving enough money in taxes to support a $2 million mortgage in Miami,” said Dezer, who is president of Dezer Development. “That’s really what’s driving sales right now.”

Dezer, w阿拉爱上海同城 爱上海龙凤419桑拿ho is close上海贵族宝贝 上海千花网龙凤论坛 with President Trump and has licensing agreements with the Trump Organization on a number of properties in Sunny Isles Beach, said buyer demand for these properties is still going strong. Not only does Florida have a lot of Trump supporters, but South American buyers also like the 上海千花社区 上海千花网交友president and are buying units at Trump-branded buildings, Dezer said.

Fittingly, the conversation turned阿拉爱上海同城 爱上海龙凤419桑拿 to Russia. Sunny Isles Beach, where Dezer Development is based, has a high concentration of Russians, and many Russians own units in the luxury condo towers.

Dezer said he is seeing a slowdown of these Russian buyers due to recent sanctions. He is, however, seeing an uptick in Russian-born New York residents who are moving to Florida.

“The Brighton Beach Russians are definitely coming down,” he said.

Recent reports show that the luxury condo market in South Florida is still saddled with high amounts of inventory, however, which is driving down sale prices.

EWM reported that there is 17 years of inventory of condos priced at $5 million and up in Sunny Isles. Overall, Miami-Dade County faces nearly five years of supply of high-end units.

A fourth quarter 2018 report from Douglas Elliman released on Thursday showed that the median luxury condo price in Miami Beach fell to $2.2 million, down 12.4 percent from the same period of the previous year.

Tags: dez爱上海同城对对碰 爱上海同城论坛er development, gil dezer, porsche design tower, sunny isles beach SmarterAgent sues HomeAway over patent infringementHow Airbnb is taking on local competitors amid push into ChinaJeff Greene plans 38-story condo project near Currie Park in West Palm…Menin Development scores $30M construction loan for Delray food hall
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Charlotte Taillor

Why a “kink collective” is getting pushed out of Bed-Stuy Charlotte Taillor’s neighbor Laurie Miller has voiced str上海贵族宝贝论坛 上海贵族宝贝ong objections to her business

(Credit: iStock)

A kink collective plans to move out of Bedford-Stuy爱上海同城对对碰 爱上海同城论坛vesant following weeks of outcry spearheaded by one of the business爱上海同城手机版 新爱上海同城对对碰论坛es’ neighbors.

Charlotte Taillor moved her business into Bed-Stuy from a more expensive location in Crown Heights, and her neighbor Laurie Miller started to notice men coming and going from the house in January, according to the New York Times. Miller soon put up fliers asking to meet with the block association and urging locals to call the police and community board about what she called “a gentlemen’s sex club” with “no business” being in the neighborhood.

Taillor started her business in 2016 as a community center to help educate people, specifically women, about B.D.S.M. Although she has given into pressure from the neighborhood and plans 上海千花网论坛 上海千花网to move the business, Ta上海夜网 阿爱上海同城illor still defended her business and stressed in particular that it was not a sex club.

“Nobody is allowed to have sex on the premises,” she told the Times. “Even me.”

Taillor is raising money for moving costs and a new space, but will not be able to move until April. Miller, who has lived in the neighborhood since 1974, told the Times that she still felt unsafe with The Taillor Group next door.

“Not until she’s out,” Miller said. “That’s when I’ll breathe a sigh of relief.” [NYT] – Eddie Small

Tags: Residential Real Estate
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