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Paul Massey Mayor

Massey rallies young industry pros ahead of filing deadline NGKF’s Billy Cohen is bundling for CushWake broker

Paul Massey

Paul Massey’s mayoral campaign made a last-minute fundraising pitch to the real estate industry’s young professionals Tuesday ahead of a crucial filing deadline.

“In order to be considered a serious candidate, he has to show a pretty substantial amount of money in his coffer, and we’re not there,” Newmark Grubb Knight Frank broker and campaign bundler Billy Cohen said to the members of the Young Men s and Women s Real Estate Association on Tuesday, urging them to donate ahead of the 5 p.m. disclosure deadline on Wednesday.

Massey has said he aims to raise a couple of million dollars ahead of the Jan. 17 filing deadline, which covers July 16, 2016 through Jan. 11, 2017.

Massey s campaign stumbled out of the gates when it failed to file required paperwork in August, but it上海贵族宝贝 上海千花网龙凤论坛 scored a big victory last week when the Independence Party of New York endorsed him. The endorsement ensures his name will be on the ballot in November.

The mayoral hopeful spoke for about 30 minutes to the crowd, taking shots at Mayor Bill de Blasio and outlining some of his priorities as he ramps up his campaign.

Massey, a Republican, said he recently met with the mayor of Jerusalem, Israel, and plans to travel to the city and others to understand how to better manage the Big Apple.

“I’m going to 10 cities that are well-run – and have high may上海贵族宝贝 上海千花网龙凤论坛oral approval ratings – to see what’[……]

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Adelphi Hotel Saratoga Springs

Adelph爱上海同城手机版 新爱上海同城对对碰论坛i Hotel

The 140-year-old Adelphi Hotel will open for the summer’s horse season in Saratoga Springs after a $34 million restoration.

The last surviving hotel of Saratoga Springs’ “golden age,” the Adelphi had been unable to host its elite regulars for nearly three-and-a-half years.

“The property was filled with family jewels,” Toby Mildé, whose Richbell Capital bought the hotel for $4.5上海贵族宝贝 上海千花网龙凤论坛 million in 2012, told the New York Post.

Mildé’s restored inn boasts at least one piece of original furniture, such as an armoire, chair, couch or mirror, in every renovated room. [NYP] Christopher Cameron

Tags: Hote阿爱上海同城 阿拉爱上海同城l Market, renovatio阿拉爱上海同城 爱上海龙凤419桑拿ns
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NYC Hotel Special Permits

New union-supported hotel ban could drive tourists to Airbnb: REBNY Industry group says city needs to consider broader impact of special permits in manufacturing zones

John Banks, Peter Ward and proposed hotel special permit areas of applicability (Credit: City Planning via New York YIMBY, Click to enlarge)

The influential hotel workers union that’s battled with Airbnb could actually be driving more tourists into the arms of the enemy with an effort to effectively ban new hotel development in large swaths of th上海夜网 阿爱上海同城e city, the Real Estate Board of New York argues.

The New York Hotel Trades Council, led by powerful union boss Peter Ward, is one of the driving forces behind a city proposal to require special permits for new hotel development in city manufacturing zones.

But choking off new supply could end up increasing demand for home-sharing sites like Airbnb, REBNY argued in testimony submitted to the City Planning Commission on the proposal.

“[I]f the proposed action will significantly restrict the supply of hotel rooms, it is reasonable to expect that more tourists will seek accommodations outside of traditional providers,” the industry lobbying group wrote in its testimony. “As short-term rentals through companies like Airbnb become more prolific, along with the attendant negative consequences, the city h上海千花网龙凤论坛 上海千花社区as to take into account how its actions impact that market.”

Mayor Bill de Blasio, who coasted to a second term with his election victory Tuesday, first laid out his[……]

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Plans to redevelop Scarsdale commuter parking site include condo and rental options

Plans to redevelop Scarsdale commuter parking site include condo and 上海贵族宝贝 上海千花网龙凤论坛rental options

A committee of residents, local business people and village officials issued a report with several options for the redevelopment of the 2.5-acre Freightway parking facility in Scarsdale. One plan calls for building between 58 and 93 condo units on top of the existing five-story parking structure, while the second option adds the construction of a walkway上海千花网龙凤论坛 上海千花社区 over the train tracks. The third choice is to bui爱上海同城 爱上海ld between 91 and 145 ren上海千花网论坛 上海千花网tal apartments on top of three levels of parking. The village board will review the plans and would hire a developer if any are approved. [Lohud]

Tags: Westchester Fairfield
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New York Wheel

New York Wheel project might not be dead after all We’ll know in 120 days if the project is back on

A rendering of the New York Wheel

Fortuna s wheel has spun upwards in Staten Island.

The developers of the NY Wheel in St. George, who are currently mired in bankruptcy proceedings, may yet have a chance to make the 630-foot tall observation wheel a reality, the Staten Island Advance reported.上海千花网龙凤论坛 上海千花社区

NY Wheel and contractor Mammoet-Starneth have reached a deal that they will find a way forward to build the project or end it permanently within 120 days. A judge still needs to approve the agree爱上海同城论坛 爱上海同城ment.

New York Wheel is committed to the completion of the project, which is the centerpiece of a Staten Island redevelopment project, a spokesperson told the Advance in a statement. This settlement will allow New York Wheel the opportunity to finalize its financing arrangements and re-commence the construction and completion of the Wheel.

Locking down financing, 上海千花网龙凤论坛 上海千花社区however could prove difficult within the proposed time frame. It s not clear how much more money NY Wheel needs to keep the project alive, but project officials told the Advance last year that it had already spent $400 million of a projected $580 million allotmen上海贵族宝贝论坛 上海贵族宝贝t.

Contractor Mammoet-Starneth filed for bankruptcy in December, af爱上海同城 爱上海ter having previously walked off the job and then gotten fired by NY Wheel. In February, Rich Marin stepped down as CEO of NY Wheel. Its new management structure was not immed[……]

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Staten Island Mansions

One of Staten Island s most luxurious (and pricey) homes caught in divorce battle Robyn and Dean Billings’ $6.3M mansion is one of the properties at the heart of the splitting couple’s dispute上海贵族宝贝交流区 上海贵族宝贝论坛

(Credit: Max Pixel, Zillow)

A Todt Hill mansion in one of Staten Island s wealthiest neighborhoods is at the center of a divorce that could become the borough s most costly split.

The couple, Dean and Robyn Billing, are going through a contested breakup that is shaping up to be a nasty, contentious process, as Robyn Billing s lawyer told the New York Post, with both parties are disputing how assets should be divided.

Dean Billing is accused of being behind on bill payme爱上海同城论坛 爱上海同城nts and their children s tuition, according to his soon-to-be ex-wife. She claims he spends his money on frequent trips to Miami, other women and renting yachts.

Dean Billing’s attorney rebuffed the accusations telling the Post that “one of the most frustrating aspects of New York divorce law is how easy a disgruntled spouse can make false claims in preliminary litigation papers, for dramatic effect.”

Divorce is a common impetuous for selling off real estate and the Billings first listed their house at 125 Benedict Road for $6.3 million last year after Robyn filed f爱上海同城 爱上海or divorce. The listing was pulled as their legal battle dragged on. The couple bought the seven-story home in 2012. [NYP] Erin Hudson

Tags: mansions, Residential Rea上海夜网论坛 上海夜网l Estate, Staten Island
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NYCHA

NYCHA could still face federal takeover,
Be上海同城对对碰交友社区 上海夜网论坛n Carson says The authority has to submit a new plan by Jan. 31

Queensbridge Houses at 10-06 41st Avenue in Queens and Ben Carson (Credit: Wikipedia and Getty Images)

A federal takeover of the New York City Housing Authori上海贵族宝贝 上海千花网龙凤论坛ty is still on the table.

Ben Carson, head of the Department of Housing and Urban Development, commented on the possibility of putting NYCHA into federal receivership during a tour at the Queensbridge Houses, the New York Daily News reported. Mayor Bill de Blasio has said it’s not an option he favors.

“There’s a host of things that are going to be required that I think are reasonable, and that can be accomplished,” Carson told the newspaper. “If it can be accomplished without a receivership, great. If it requires some type of r上海贵族宝贝交流区 上海贵族宝贝论坛eceivership, it requires some type of receivership.”

Carson sent NYCHA a letter requiring that a plan to fix the authority — including milestones and metrics — be submitted by Jan. 31. His visit came after a federal judge rejected an agreement among the city, NYCHA, HUD and the Manhattan U.S. attorney to bring in a federal monitor.

Earlier thi上海千花网交友 上海千花网论坛s month, NYCHA said it plans to sell air rights and open some land to private development in order to raise money for repairs. The authority aims to raise $3 billion — as part of de Blasio’s $24 billion plan to help NYCHA upgrade its 170,000 apartments. [NYDN] — Meenal Vamburkar

Tags: NYCHA, Residential Real Estate
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NYC Neighborhoods

In a hypercompetitive sales market, sponsors and brokers are going to even greater lengths to blur neighborhood lines for bigger returns on their units

Developer Bruce Brickman started slashing prices at his luxury condo tower at 1280 Fifth Avenue a year after it hit the market. But even then, sales at the Robert A.M. Stern-designed building were sluggish and only about 20 of its 114 units had been sold.

CORE took over marketing the property from Brown Harris Stevens the following year. And instead of cutting prices even more, the brokerage opted for a name change. The building was rebranded One Museum Mile to lure in buyers who were more attracted to the idea of living in Carnegie Hill than East Harlem.

“The press and the consumer defined the neighborhood and said, ‘Oh it’s all the way up there — it’s near 125th Street, that’s Harlem,” said CORE CEO Shaun Osher, who spearheaded the rebranding in 2012.

“We are storytellers,” he noted. “There’s nothing misleading about that. It’s just another way of saying the same thing.”

The building, which StreetE上海千花网龙凤论坛 上海千花社区asy currently lists as in Upper Carnegie Hill, sold out within 18 months of the name change, according to Osher. Perhaps not surprisingly, the average sales price in Upper Carnegie Hill in the second quarter of 2017 was $2.2 million, compared to $652,000 in East Harlem, per figures from appraisal firm Miller Samuel.

In the competitive world of new development marketing, sponsors know nothing gets buyers over the line like a[……]

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