Stawski Partners

Stawski files plans for 66-story LIC resi tower Building at 43-30 24th Street to house 921 units

Stawksi Partners filed plans爱上海同城 爱上海 Friday for a 66-story residential tower in Long Island City. The 838,000-square-foot building at 43-30 24th Street will include 921 rental apartments, 17,000 square feet of retail space, a library and an indoor swimming pool.

The site most recently housed two manufacturing warehouses used by retailers Bergdorf Goodman and To Boot New York. Stawski terminated their上海同城对对碰交友社区 上海夜网论坛 leases earlier this year, property records show. The Midtown-based development firm also owns an adjacent lot at 23-10 43rd Avenue.

Goldstein, Hill West Architects is designing the building and is listed as the architect of record.

The project wi爱上海同城论坛 爱上海同城ll add to a flurry of new apartment towers set to rise in Long Island City over the coming years. For example, Heatherwood Communities is building a 57-story tower at 42-12 28th Street – also designed by Goldstein, Hill West – and G M Realty is building two towers on爱上海同城手机版 新爱上海同城对对碰论坛 the 5Pointz site at 22-44 Jackson Avenue.

Stawski Partners, founded by German-born Axel Stawski, owns half a dozen office bui上海夜网论坛 上海夜网ldings in Manhattan, Including 360 Madison Avenue and the Broad Financial Center at 33 Whitehall Street.

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Dennis Someck

From the September issue: In 2014, the leasing activity of TAMI (technology, advertising, media and information) tenants surpassed for the first time Manhattan’s traditionally dominant category — that of finance, insurance and real estate firms — 31.4 percent to 28.8 percent. For this month s Q A feature, we spoke to experts about the next wave of tech districts and the relationships between landlords and TAMI tenants. Our third and final web installment features interviews with Den上海贵族宝贝交流区 上海贵族宝贝论坛nis Someck of Lee Associates and Jamie Katcher of Cushman Wakefield.

Dennis Someck

Dennis Someck
Executive managing director and principal, Lee Associates

With the recent dip in leasing activity for TAMI tenants, do you think it’s becoming a tenant’s market?

I wouldn’t call it a tenant’s market, but tenants have the luxury of time. They don’t need to be as concerned that if they see a space on Monday morning that it will be gone by Tuesday, or that the price will go higher. Tenants can scour the market and negotiate better rents than they could three months or four months ago. We’re seeing some TAMI tenants shut down. When they’re out of business, the space goes back to the landlord, who puts it on the market and is even willing to offer it for a few dollars less [per square foo上海夜网 阿爱上海同城t]. That means tenants have more opportunities without having to go through full construction. A year and a half ago, we were seeing a lot of old, recycled spaces that weren’t TAMI spaces.

If leasing demand from TAMI continues to weaken, which neighborhoods and projects will be hardest hit?

Brooklyn might get hit as prices in Manhattan start to come down. Brooklyn companies attract Brooklyn employees, while Manhattan companies get employees from Brooklyn, Queens, New Jersey, Manhattan. In Manhattan, unlike in Brooklyn, there’s a lot of properties that can be recycled for TAMI tenants at a lesser cost: office buildings, light manufacturing buildings, showrooms, that haven’t been fully updated with lobbies, elevators.

Where do you see the best leasing opportunities right now for start-ups? How has that changed from a year ago?

One of the best options for start-ups is still the Financial District, although prices have gone up. The most favorable opportunities are in the West 30s, in old garment buildings. Start-ups resisted that area, but now you’re seeing a flurry of TAMI tenants going between 35th and 39th and Fifth Avenue and Ninth Avenue — the Penn Plaza neighbo上海贵族宝贝论坛 上海贵族宝贝rhood. Landlords used to get $30 a foot there, and now they can get $40 or $45 a foot.

What are more mature TAMI tenants looking for?

Whereas start-ups are looking less at quality of building than the cachet of the area, mature tenants are looking at other factors. Elevators, for example. Some NoMad buildings, showroom or accessories buildings, light manufacturing buildings, have two elevators that used to serve 12 people on a floor. Now a TAMI tenant comes in and puts 40 people to 60 people on a floor. At lunchtime, you see[……]

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Jonathan Gray

Paydirt: Kingmaker Kushner, Jon Gray passes on Treasury, the ruling that could change dual-agency deals … more The industry news you need to start your we上海千花网交友 上海千花网论坛ek, and what’s ahead

Jared Kushner and Jonathan Gray

Kushner breaks the silence: “This guy got Trump elected,” screams the headline for Forbes’ new cover story on Jared Kushner, the first real interview the developer has given since getting involved in Donald Trump’s against-all-od阿爱上海同城 阿拉爱上海同城ds presidential campaign. Kushner told the magazine he spearheaded his father-in-law’s incredibly successful digital outreach.

“I called some of my friends from Silicon Valley, some of the best digital marketers in the world, and asked how you scale this stuff,” he said. Eric Schmidt, chairman of Google holding company Alphabet, described Kushner as “the biggest surprise of the 2016 election.”

“Best I can tell,” Schmidt added, “he actually ran the campaign and did it with essentially no resources.”

Though Kushner’s involvement with Trump saw him take heat from some in the industry, it’s set, to borrow a Trumpian phrase, to pay off “big league.” He’s considering taking a formal role within the administration, and is reportedly in talks with lawyers to see if that would be feasible. But whether or not he’s a member of senior staff, he is certain to have pull within the Oval Office. Though New York real estate players have forever been a force in city and state politics, none has ever had even remotely that kind of influence on a president.

“Every president I’ve ever known has one or two people he intuitively and structurally trusts,” former secretary of state Henry Kissinger told Forbes. “I think Jared might be that person.”

Gray declines to run the green: Jonathan Gray, czar-apparent at the Blackstone Group, met with Trump last Sunday to discuss the possibility of being Treasury secretary. Gray has been a regular donor to Democrats over the years, and according to a Wikileaks hack of Hillary Clinton campaign chairman John Podesta’s emails, is said to be a Clinton admirer. But post-election, Gray talked of how Trump’s promise to lower regulation and boost infrastructure spending could be good for real estate.

A few days after meeting Trump, however, Gray withdrew himself from consideration, saying he “still has much work to do at Blackstone.” Considering that on his watch, the firm’s real estate group has leapfrogged past private equity to become its biggest business, sounds like a decent excuse. Blackstone, incidentally is a lender to Kushner on the Watchtower Building in Dumbo.

Real estate finance under Trump: Trump has talked about getting rid of the Dodd-Frank financial reforms that were passed in the wake of the financial crisis, reforms such as Basel III and the upcoming CMBS risk retention rules. He’s also discussed major investments in infrastructure, which, if funded by debt, may push up inflation and in turn interest rates.

Trump’s rhetoric about rewriting trade deals and being tough on the U.S.’ trading[……]

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Site of Brooklyn’s first supertall finally sees some movement

9 Dekalb (credit: JDS)

Last year, the Landmarks Preservation Commission gave 9 Dekalb, Brooklyn’s first supertall tower上海贵族宝贝交流区 上海贵族宝贝论坛, the green light. But since then the site, which is being developed by JDS and designed by SHoP Architects, has been fairly quiet until now.

JDS Development Group posted a n上海龙凤论坛sh1f 上海龙凤论坛ew video on its Instagram account yesterday 上海千花网 爱上海同城对对碰showing that caisson installation is now underway, according to Curbed.

Caisson installation is one of the first steps of building out the foundation of the 1,066-foot building. The tower is scheduled for completion in 2020. [Curbed] Christopher Cameron

Tags: JDS D上海千花网龙凤论坛 上海千花社区evelopment Group
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TF Cornerstone

Fourth year s the charm: TF Co上海夜网 阿爱上海同城rnerstone files permits for long-awaited Queens waterfront project Firm is planning roughly 1,200-unit development on Queens waterfront

Rendering of Hunters Point South (Credit: ODA)

After years of problems and delays, TF Cornerstone has filed the initial permits to build its Hunters Point South project on the Queens waterfront.

Work on爱上海 爱上海同城手机版 the roughly 1,200-unit project began back in late 2013, but TF Cornerstone did not file the first permits for it until Thursday thanks to multiple issues between the developer and local, state and federal agencies that forced a major redesign of the project and almost tripl爱上海龙凤419桑拿 上海龙凤论坛sh1fed its construction timeline, according to Crain’s.

TF Cornerstone butted heads with Amtrak early on, as the national train company owns a rail tunnel beneath the site, meaning it needed to approve the project. They also ran into a 上海贵族宝贝 上海千花网龙凤论坛problem with the New York Power Authority, which had an easement for a power line under the site and would not allow construction to take place on top of it.

The developer eventually agreed to redesign Hunters Point South to keep the center of it open, and an agreement with Amtrak is being finalized that would let TF Cornerstone construct a one-story retail building between the towers. The project will also feature about 800 units of affordable housing and an elementary school.

TF Cornerstone is also working on上海贵族宝贝交流区 上海贵族宝贝论坛 another megadevelopment in the neighborhood, a $925 million mixed-use project that would include 1,000 apartments, 400,000 square feet of office space and even 100,000 square feet of space dedicated to light manufacturing.

Earlier this week, a large site that could support up to four towers and 1.6 million square feet of development, hit the market in Hunters Point South.  [Crain’s] – Eddie Small

Tags: Development, Hunter’s Point South, tf cornerstone
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Banks Brick and Mortar

New York’s consumer banks are retooling their real estate strategies to adapt to the times — but can they prevail?

TD Bank beat out a slew of competitors in late 2015 to lease roughly 2,000 square feet on a prime retail corner on the Upper East Side — right in front of the 6 train. The publicly traded financial firm inked a 20-year lease brokered by Cushman Wakefield’s Joanne Podell in a deal that carried an asking price of about $350 per square foot.

But today, the retail space at the corner of Lexington Avenue and 77th Street sits empty, awaiting another tenant. “After careful consideration, we’ve decided to sublease the location,” Andrew Bregenzer, the bank’s regional president for the New York metro area, told The Real Deal in an email response to questions. He would阿拉爱上海同城 爱上海龙凤419桑拿 not elaborate on the reasons for the sublease, but noted that TD Bank is committed to growing its presence in New York City and tailoring its retail strategy “in response to what customers want today.”

Friedland Properties, the space’s landlord, declined to comment, and Podell could not be reached.

The vacant space underscores the second thoughts many regional, national and global banks are having about their branch locations in the age of online banking, mobile payment apps and digital currencies. And while the broader NYC retail market is grappling with the ongoing disruption brought on by e-commerce and millennial consumer habits, it seems retail banking — which has always been more of a chore than an experience — is set for a major shakeup in particular.

It’s a clear reversal from years past, when banks were aggressively grabbing prime real estate locations, and landlords could count on them to pay above-market rates for the best locations.

“Five years ago, I would have said it’s a feeding frenzy,” noted Madison International Realty’s Ronald Dickerman, a major New York retail landlord. “JPMorgan was going to rent a corner so that TD Bank wouldn’t. There were bidding wars. I don’t think you’re going to see that going forward.”

The digital disruption

To be sure, banks aren’t abandoning their highly trafficked corners en masse. But many are rethinking their retail strategies in the digital age — whether by downsizing from 10,000-square-foot megabranches and focusing more on ATM locations or moving off prime corners to more cost-efficient space爱上海同城手机版 新爱上海同城对对碰论坛s.

But real estate players said they expect the consolidation to escalate once current leases爱上海同城对对碰 爱上海同城论坛 start expiring. “They just don’t need [as much] space anymore,” said Richard Hodos, a commercial broker at CBRE. “They don’t need as many tellers or loan officers to sit at a desk on the banking floor. They can do that in back offices or on the phone or the internet in some cases.”

There were 680 bank branch locations in Manhattan as of June 30, just nine fewer than a year earlier, according to the Federal Deposit Insurance Corporation. That’s a reduction of about 3 percent from 2014, when the number of Manhattan bank branches hit[……]

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Grace Building

Drinks on Brookfield! Spirits maker signs 65K sf lease at the Grace Building Campari America relocating HQ from San Francisco

The Grace Building (Credit: Brookfield Properties)

The maker of Wild Turkey, SKYY Vodka and other spirits 爱上海同城对对碰 爱上海同城论坛is moving its U.S. headquarters to the Grace Building on Bryant Park.

Campari America, the stateside arm of Italy’s Campari Group, signed a 10-year lease for just under 65,000 square feet at the building owned by Brookfield Property Partners and the Swig Company, the Commercial Observer reported.

Campari will be relocating its U.S. headquarters from San Francisco, where it’s been based since 1992. The company’s lease covers the full 18th and 19th floors in the 48-story building, which is located at 1114 Sixth Avenue.

Executives for Campari said the relocation puts the office in closer proximity to operations in Milan, Kentucky, Jamaica, Mexico and Canada.

“This move will h上海龙凤论坛sh1f 上海龙凤论坛elp to increase上海千花网论坛 上海千花网 collaboration with key business partners and our Milan counterparts; allow us to more easily hire candidates with deep spirits experience; and give us the room to expand as we grow our portfolio of premium brands,” Jean Jacques Dubau, Campari Group’s managing director for its business unit in North America, said in a prepared statement.

Colliers International’s Joseph Cabrera, David Glassman, Tim Kuhn, Brendan Cavender and Steve Maneri represented Campari in the deal. CBRE’s Ken Rapp, Sarah Pontius, Peter Turchin, Zak Snider and Cara Chayet handle leasing at the Grace Building.

The asking rent in the deal was not immediately available, but Bank of America recently signed a 127,000-square-foot lease in the building with a starting rent in the $70s per square foot, according to the CO. [CO] – Rich Bockmann

Tags: Brookfield Property Partners, Commercial Real Estate, grace building, Offic上海千花网龙凤论坛 上海千花社区e Leasing, swig
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Westchester home buyers face stiff competition come spring, brokers say

Brokers believe the market has swung to favor seller上海龙凤论坛sh1f 上海龙凤论坛s, meaning that the usually busy spring season will bring be tough for prospective home buyers, LoHud reported. Low inventory and rising mortgage rates may make things tough for first-time buyers and it’ll also be a kind of catch-22 爱上海同城对对碰 爱上海同城论坛for sellers who’ll have to quickl上海千花网龙凤论坛 上海千花社区y find new lodgings once they do make their sale, brokers said. [LoHud]

Tags: Westchester Fairfield 上海千花网论坛 上海千花网
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Wells Fargo unit scoops up vacant Toys “R” Us store in Norwalk

A Norwalk building that once housed a Toys “R” Us and Babies “R” Us has sold for $3.9 million, The Hour reported. A unit of Wells Fargo bought the property from the company, which filed for bankruptcy almost a year ag爱上海 爱上海同城手机版o with more than $5 billion in long-term 新爱上海同城对对碰论坛 上海同城对对碰交友社区debt. The city of Norwalk valued the property at “more than $7.7 million a上海千花网 爱上海同城对对碰s of 2016,” the outlet reported. It wasn’t immediately clear what the unit of Wells Fargo that purchased it plans to do with it. [The Hour]

Tags: Westches上海千花网 爱上海同城对对碰ter Fairfield
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162 Chambers Street

Pop artist pion上海夜网 阿爱上海同城eer James Rosenquist’s Tribeca townhome sells after price chops The home, listed earlier this year, sold for $11.7 million

James Rosenquist and 162 Chambers Street (Credit: Minneapolis College of Art and Design)

A sprawling Tribeca townhouse, once home to pop artist James Rosenquist, just sold for $11.7 million.

The property at 162 Chambers Street was sold by Rosenquist s estate, according to records filed with New York City’s Department of Finance. The artist died in April 2017 — and bought the property in 1977, reportedly for $120,000.

The buyer is listed in the records as “162 Chambers Street, LLC.” The signatory for the LLC is accountant Sung Pak and the buyer’s attorney is Ackerman’s Steven Polivy. Polivy couldn’t immediately provide comment.

Sotheby’s International Realty agent Chris Poore had the listing. The 10,000-square-foot home hit the market in March, asking $15.5 million. Two price cuts later, it was listed for $14.49 million — which comes out to $1,446 a square foot. Th上海千花网 爱上海同城对对碰e home sold for $1,168 per square foot.

Poore didn’t immediately respond to request for comment.

The 32-foot-wide buildin上海贵族宝贝交流区 上海贵族宝贝论坛g has five stories plus 7,500 square feet of air rights. Each floor has access to 上海夜网 阿爱上海同城the private elevator. The listing noted the property can serve as single family home, condominium or mixed-use building.

One of Rosenquist s best known works is F-111 — a massive 1960s piece that features an image of a fighter plane stretching across 51 panels, with fractured images including a beach umbrella, a mushroom cloud and a small girl sitting under a hair dryer that resembles a missile. It is now in the collection of爱上海同城对对碰 爱上海同城论坛 the Museum of Modern Art in New York.

Tags: Residential Real Estate, tribeca
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