Nike Store Soho

Soho residents are already fed up with Nike’s massive n上海千花网龙凤论坛 上海千花社区ew store Sneakerheads are allegedly wreaking havoc on the neighborhood’s quality of life

“Just do it! Or wait…maybe don’t.” That’s what neighbors of the new Nike store in Soho seem to be thinking as they deal with massive crowds right outside their homes.

Last week, Nike opened a 55,000-square-foot store at 529 Broadway and according to residents, the shop has attracted unruly hoards.

“I was sitting in my [home] office with the windows closed when all of a sudden I heard all this crazy screaming,” Pete Davies told the New Y爱上海 爱上海同城手机版ork Post. “It looked like a nightclub, not a store. There were big guys like bouncers out front yelling and pushing people.”

Nike’s newest store opened its doors November 18, allegedly clogging the street with rambunctious sneakerheads. The crowds are apparently spilling over to other buildings and blocking entrances, the doorman at 532 Broadway told the Post.

And locals are concerned that Nike’s weekly “Swoosh Saturdays,” which 上海同城对对碰交友社区 上海夜网论坛brings athletic events and celebrity talks to the store, will only increase chaos, according to the Post.

This isn’t the first fight Nike has had with worried Soho residents. When Nike began construction two years ago some accused the developers of e上海龙凤论坛sh1f 上海龙凤论坛xploiting a zoning loophole by labeling the project an alteration instead of a new building. [NYP] –Christopher Cameron

Tags: Retail Real Estate, 上海龙凤论坛sh1f 上海龙凤论坛soho
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Amazon billionaire Jeff Bezos buys largest home in DC for $23M

Amazon billionaire Jeff Bezos buys largest home in DC for $23M He paid cash and a million over ask for the 27上海夜网论坛 上海夜网,000-sq爱上海同城手机版 新爱上海同城对对碰论坛uare-foot p爱上海同城 爱上海roperty

Jeff Bezos (via Wiki Commons) and his new pair of mansions in Kalorama

The largest private residence新上海贵族宝贝论坛 上海贵族宝贝交流区 in Washington, D.C., weighing in at 27,000 square feet, has sold to Amazon founder and Washington Post owner Jeffrey Bezos.

Just down the road from the Obamas 1920s mansion rental, and Jared Kushner and Ivanka Trump s new digs in Kalorama, Bezos paid $23 million in cash for a pair of mansions. That s a million over its list price, according to the Washington Post.

The property is the former Textile Museum. Bezos will convert it into a single-family mansion, a person with knowledge of the sale told the Post.

Bezos, his wife, MacKenzie, and their four children live in the Seattle area. He had previously said that he did not intend to move to Washington following his purchase of the Post. [WP] Christopher Cameron

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Domenick Crispino

Disbarred lawyer who masterminded real estate scam gets up to 22 years in prison Domenick Crispino swindled BK homeowners out of more than $1M

Domenick Crispino (left)
(Credit: Facebook/Dealin Straight via DNA Info)

A disbarred lawyer who stole more than $1 million from homeowners by pretending to protect them from foreclosure wa上海龙凤论坛 新上海贵族宝贝论坛s sentenced to between 11 and 22 years in prison.

Domenick Crispino was convicted last month on charges that included grand larceny, criminal possession of a forged instrument and fal上海千花网龙凤论坛 上海千花社区sifying business records, the New York Daily News reported. Prosecutors said he stole nearly $1.1 million from distressed homeowners by telling them he’d help them avoid foreclosure. Instead, he stole money the clients gave him to hold in escrow accounts to pay down mortgages.

Crispino was also convicted of a fraud scheme in 1999 and served a six-year stint in prison. Afterward, he hosted a radio show called Dealin Straight with another former lawyer/ex-con.

Although he did not have a license to practice law, Crispino posed as a lawyer and defrauded residents across Brooklyn as part of the latest scam, the Brooklyn Dist阿爱上海同城 阿拉爱上海同城rict Attorney s office alleged.

In one case, Crispino stole almost $600,000 from a man who was trying to help a friend save his home. On another occasion, he forged a satisfaction of mortgage record and a deed transfer to claim a homeowner had sold上海贵族宝贝交流区 上海贵族宝贝论坛 him a Gravesend property for $10. He then stole $47,500 from a potential buyer, who’d given him the money as a down payment.

“This defendant can only be described as a financial predator, stealing as much money as he could from as many victims as he could find,” acting Brooklyn District Attorney Eric Gonzalez said, according to the newspaper. “I will not allow con artists to profit from Brooklyn s rising home values, and my office will continue to target shameful frauds like these.

Last month, a grand jury indicted 11 people and two Qu爱上海同城论坛 爱上海同城eens-based companies on allegations they tricked homeowners into signing away their properties.  [NYDN] Miriam Hall

Tags: real estate crimes, Residential Real Estate
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GOP Tax Plan

Could the Republican tax plan drive wealthy residents out of the Northeast? Earners making $1M in region could owe IRS extra $21K under proposed GOP plan

The proposed GOP tax plan could 爱上海龙凤419桑拿 上海龙凤论坛sh1fmake wealthy Northeasterners consider a move from Manhattan or Greenwich to the sandy beaches of Florida, a few experts believe.

The Republican proposals in the House and Senate would eliminate deductions for the majority of state and local taxes, meaning people with an annual salary of $1 million could end up owing the IRS an extra $21,000, according to Bloomberg.

The plan would impact salary earners much more than investors, with a person making $1 million from investments saving roughly $7,000.

The possible change has fueled talk of mov上海同城对对碰交友社区 上海夜网论坛ing among wealthier residents of the Northeast, where individual tax rates rank among the highest in the country. Florida has emerged as a prime possible destination for them thanks to its lack of a state income tax.上海千花网交友 上海千花网论坛

However, David Silver, a senior manager at the accounting firm MBAF, told Bloomberg he thinks talk of moving is mostly hot air.

“I would arg上海夜网论坛 上海夜网ue it’s probably not all that likely to uproot your family, leave your friends, and put your kids in new schools just because of proposed tax changes,” he said.

The GOP tax plan has proven popular so far with the commercial real estate industry, but it is significantly less popular on the residential side, a上海千花社区 上海千花网交友s it could increase the cost of homeownership. [Bloomberg] – Eddie Small

Tags: Politics, taxes
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Amazon HQ2

Four favorites to win Amazon s HQ2 The tech giant has narrowed the competition for where to build its second headquarters down to 20 cities

(Credit: Pexels)

While there are officially 20 cities Amazon is deciding between, economists have singled out four stand-out上海夜网 阿爱上海同城 contenders.

The four cities, all located in Southern states, are being called favorites by the Wall爱上海同城 爱上海 Street Journal due to their labor-markets and employment growth. Known as Sunbelt cities, they have the right mix of capable, highly-educated workers minus fierce competition from whom Amazon might have to fight to hire them away.

“There are some places like Boston that have a lot of well educated workers, but if you look at the unemployment rate…it would have a difficult time accommodating 50,000 new workers,” said Oxford Economics Matthew Mowell. Here are上海贵族宝贝交流区 上海贵族宝贝论坛 cities the that seem like the front-ru爱上海同城对对碰 爱上海同城论坛nners in the quest to bring Amazon to town:

Austin

(Credit: Ed Schipul)

Raleigh

(Credit: Wikimedia Co上海夜网 阿爱上海同城mmons)

Nashville

(Credit: dconvertini/Wikimedia Commons)

Dallas

(Credit: Pixabay)

[WSJ] Erin Hudson

Tags: amazon, Amazon HQ2, Commercial Real Estate
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The Real Deal South Florida Spring 2018

TRD South Fl上海同城对对碰交友社区 上海夜网论坛orida s spring issue is live! Inside: The post-condo-glut Miami, top resi broker ranking + more

Good things come to those who wait. Patience is a virtue. The best things in life are worth 上海贵族宝贝 上海千花网龙凤论坛waiting for.

There are so many sayings about the value in biding one’s time, and today’s developers certainly seem to appreciate the sentiment. With oodles of condos on the market now and even more to come, the biggest players know their bets are better placed in planning for the next cycle. The Real Deal’s Katherine Kallergis took a look at the projects South Florida’s most prominent developers are assembling for a post-condo-glut world, which include plenty of — what else? — condos!

The wait-and-see approach is how some industry players are handling the onset of Bitcoin-to-Bitcoin real estate transactions — the first couple of which South Florida has seen only recently. We dove into the benefits and drawbacks of cryptocurrency real estate transactions while also looking at the ways in which other tech tools could change how deals are done.

And while the excess of unsold condos is making developers dream of better days, brokers selling single-family homes, too, are hampered by so much supply. “It’s going to affect single-family residential. It has to,” EWM Realty International broker Judy Zeder told TRD. Her team came in second in our ranking of the top residential brokers of Miami-Dade. While sales阿拉爱上海同城 爱上海龙凤419桑拿 volumes rose for many in the list, brokers said they’re working twice as hard to make deals.

Many women landed on that top brokers ranking, but on th爱上海同城 爱上海e commercial side, they are still in the minority. TRD’s research team dug into state filings to learn just how many female agents work at the top commercial brokerages in South Florida. The finding? At companies where women had the largest presence, they still only made up about 38 percent of the broker workforce. Lady leaders discuss their experiences and the needed changes in the industry here.

Other issue highlights include a look at the deliciously savage fight to lure top retail tenants among the area’s three luxury shopping centers and managing editor Ina Cordle’s interview with Paramount Miami Worldcenter developer Dan Kodsi. The best advice he’s ever heard? Have no expectations.

Enjoy the issue!

Tags: Residential Real Estate, South Florida real estate cycle, Tech, The Real Deal This lease agreement feature could slam brakes on Chicago’s co-working…Rockpoint and Morgan Group score loan for Boynton Beach luxury rentals“My expectations were way too high”: Related CEO Jorge Pérez slashes p…From billion to bankrupt: Owner of The Mountain of Beverly Hills files…
TRD South Florida s spring issue is live!’ displayText=’Tweet’ st_url=’https://therealdeal.com/miami/2018/03/20/the-real-deal-south-floridas-spring-issue-is-live/’>
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Fiverr

Fiverr signs fiv上海同城对对碰交友社区 上海夜网论坛e-year lease in Soho Freelance-services company will take up entire second floor at 38 Greene Street

38 Greene Street and Micha Kaufman (Credit: LinkedIn)

UPDATED, 9:28 a.m., May 3: The freelance services company Fiverr—perhaps best known for its subway ads celebrating “doers”—has inked a five-year lease for 38 Greene Street in Soho, according to sources familiar with the deal.

The company will occupy the entire second floor, which spans 9,400 square feet at the Zar Property NY-owned building. The asking rent was $84 per square foot.

Zar Property was represented in house, while Fiverr was represented by Gabe Marans and Sean Hoffman at Savills Studley.

Fiverr will be moving out of 401 Broadway, where it occupies 2,600 square feet.

“What drove this decision was a need for additional space in a build新爱上海同城对对碰论坛 上海同城对对碰交友社区ing that reflected their consumer-facing brand,” Marans said.

Fiverr CEO Micha Kaufman echoed this comment, saying in a statement that the company is growing and needed a new space that could facilitate that growth in New York and the various community and brand activities that come with it.

Zar Property did not immediately respond to a request for comment.

K Property Group recently went into contract to buy the office and retail building in Soho at 446-448 Broa爱上海同城手机版 新爱上海同城对对碰论坛dway for $45 million, and the Jackson Group purchased a commercial condominium in the neighborhood at 424-426 Broadway for $11 million.

This story has been updated to include a comment from Fiverr.

Tags: C上海千花网 爱上海同城对对碰ommercial Real Estate,上海龙凤论坛 新上海贵族宝贝论坛 Savills Studley, soho
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Innovo Property Group

Innovo in contract to buy Maspeth warehouse for 爱上海同城论坛 爱上海同城$40M Andrew Chung’s company is making another bet on industrial in Queens

Andrew Chung and 58-30 Grand Avenue in Queens (Credit: AREAA Manhattan and LoopNet)

Andrew Chung’s Innovo Property Group is making another bet on Queens.

The Midtown-based investment firm, which Chung launched in 2015, has a contract to buy a warehouse in Maspeth for around上海贵族宝贝交流区 上海贵族宝贝论坛 $40 million, sources told The Real Deal.

The roughly 150,000-square-foot warehouse sits a few blocks from the Long Island Expressway at 58-30 Grand Avenue in Maspeth’s Industrial Business Zone, and marketing materials pitch the area’s draw to tenants providing last-mile logistics上海夜网 阿爱上海同城 for deliveries.

Owner Nathan Indig put the property up for sale earlier this year after he relocated his cabinetry business to Brooklyn, with a reported asking price of $45 million.

Representatives for Innovo and Indig could not be immediately reached for comment. Meridian Capital Group’s David Schechtman and Chris Kim, who are marketing the property, also could not be reached.

According to marketing materials, there are four tenants at the three-story building, which can be vacated by 2022.

Innovo, meanwhile, is reportedly working on making an investment of an unspecified amount in a development site at 28-90 Review Avenue in Long Island City. The prop上海贵族宝贝 上海千花网龙凤论坛erty can be developed into a 400,000-square-foot commercial building.

Chung launched Innovo three years ago after leaving the Carlyle Group, where he had spent 15 years and worked on $8 billion worth of real estate deals. He teamed up with Westbrook Partners in 2016 to buy a Long Island City warehouse at 24-02 49th Avenue for $爱上海 爱上海同城手机版195 million.

And last year Chung partnered with Square Mile Capital to by the site of the Whitestone Multiplex Cinemas in the Bronx for $75 million, where they plan to build a 700,000-square-foot warehouse.

Tags: Andrew Chung, Commercial Real Estate, maspeth
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The Real Deal

Follow The Real Deal s Deal Sheet 上海千花网交友 上海千花网论坛
on Instagram爱上海同城手机版 新爱上海同城对对碰论坛! @trddeals is sharing incite into the world of NYC commercial and residential deals

The Real Deal s Deal Sheet is on Instagram! Our latest social me爱上海同城论坛 爱上海同城dia channel features snaps of retail and of爱上海龙凤419桑拿 上海龙凤论坛sh1ffice leases, financing acquisitions and commercial and residential sales around the city, giving you an insider’s look at what’s happening around the industry.

Have something to share with us? Send your deals to [email protected] or tag your deals with #TRDDealSheet and you could be featured on our Instagram feed.

Click here to follow @trddeals on Instagram. Happy sharing!

Tags: Commercial Real Estate, Instagram, Residential Real Estate
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Convene

Growing pains: Convene co-f爱上海龙凤419桑拿 上海龙凤论坛sh1founder and president Chris Kelly steps back The firm, now valued over $500 million, is looking for a new president to expand the company globally

Convene co-founder Chris Kelly (Credit: Wikipedia and Convene)

Chris Kelly, the co-founder of co-working firm Convene, has taken a step back from his role as president at the firm, as the company says it is searching for a new leader with experience to expand globally.

Kelly was moved to the role of vice chairman last December at the New York-based firm, which has 23 locations across the country, offering space and amenities, and more recently co-working services to mid-sized tenants.

“Convene’s business has evolved over the past 10 years, and my role evolved along with it, Kelly said in a statement, adding that he will now focus on developing company culture and brand, rather than day-to-day operations.

During his time, Kelly spearheaded the launch of Elevate, the company s workplace上海贵族宝贝交流区 上海贵族宝贝论坛 technology app for tenants and landlords which provides updates about buildings and services like keyless entry and food orders. But the platform has been slow to launch, and Kelly stepped back from overseeing its devel爱上海龙凤419桑拿 上海龙凤论坛sh1fopment after the firm acquire上海夜网 阿爱上海同城d technology startup Beco to produce the platform last year.

Convene s CEO Ryan Simonetti told The Real Deal that plans for the technology were scaled back six months ago and would only be available in Convene-occupied buildings rather than for sale to other landlords.

We weren t able to deliver a Convene experience, Simonetti said. We made that decision consciously.

Elevate currently exists in two buildings in New York and one in Los Angeles, he said, with plans to roll it out in more buildings this year.

In a bid to keep up with the do-or-die co-working industry, the company is pushing for a global expansion, and plans to double its number of locations by the end of 2019. In September it signed its largest space yet: a 116,000-square-foot lease at RXR Realty’s 530 Fifth Avenue, where it plans to operate flexib上海贵族宝贝 上海千花网龙凤论坛le office space for companies with 10 to 100 employees.

We are looking to add to our executive leadership team for a president with global business, which neither Chris or I have, Simonetti said. Chris continues to be the primary spokesperson.

Since it launched a decade ago, the company has raised $280 million and attracted investment from heavy hitters, including the Durst Organization, Brookfield and RXR Realty. Its most recent round last July raised $152 million, led by venture capital firm Revolution, pushing its valuation north of $500 million.

Convene isn t the first co-working firm to reshuffle its executives to pave an expansion path. At Montreal-based flexible office space firm Breather, the company s co-founder and CEO Julien Smith stepped back from his role as CEO just months after the firm raised $45 million. Bryan Murphy, a former eBay executive, replaced him early this year.

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