Million Dollar Listing

We can t all be Fredrik Eklund: Thousand Dollar Listing shows le上海贵族宝贝论坛 上海贵族宝贝ss glamorous life of NYC broker Web series pokes fun at Bravo reality show

Life is rough if you re not Fredrik Eklund.

Noah Kaplan, a broker with the Corcoran Group, shows the less glitzy side of New York real estate with his web series, Thousand Dollar Listing. The show pokes fun at Bravo s Million Dollar Listing, by documenting Kaplan s work as a broker in Bushwick and Williamsburg, the New York Post reported.

“Two years in, I would say that it’s been a struggle,” Kaplan says during a promo for the show. “Last year I made $31,000. The year before that I made I think $9,000.”

Suffice to say that the drama in this show上海千花网论坛 上海千花网 probably won t involve designer dog boutiques or dirty爱上海 爱上海同城手机版 mansions.

Kaplan, who rents a pad in Park Slope with several flatmates, worked at the front desk of CORE Group six years ago when Eklund and business partner John Gomes were brokers there. According to Kaplan, he turned down Eklund s offer for him to be his assistant.

The takeaway? Brace y爱上海龙凤419桑拿 上海龙凤论坛sh1fourselves because television mig爱上海同城手机版 新爱上海同城对对碰论坛ht have been wrong: Being a broker in New York isn t all high kicks and lavish open houses. [NYP] — Kathryn Brenzel

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Andrew Ross Sorkin

Andrew Ross Sorkin buys UWS co-op for $4.3M “Too Big to Fail” author and “Billions” co-creator bunkers down at 161 W. 86th St.

From left: Bobby Axelrod, 1610 Meadow Lane in Southampton (credit: Showtime), 161 West 86th Street on the Upper West Side and Andrew Ross Sorkin

It s not quite Bobby Axelrod s spread in Billions, but it ll have to do.

Andrew Ross Sorkin, co-creator of the hit Showtime series and author of Too Big to Fail, plunked down $4.25 million for a co-op on the Upper West Side,上海同城对对碰交友社区 上海夜网论坛 property records filed with the city Thursday show.

The floor plan for Unit 5A, right below Sorkin s pad (Credit: StreetEasy)

Sorkin and his wife, Pilar Queen Sorkin, bought a sixth-floor unit at 161 West 8上海千花网 爱上海同城对对碰6th Street, a prewar building that went co-op in 1980. Further details on the pad weren t available on StreetEasy, though the site states that each floor holds just two units, ranging between eight- and 10-room residences.

Sorkin was the上海千花网论坛 上海千花网 New York Times’ chief mergers and acquisitions reporter, and shot to greater prominence after penning “Too Big to Fail” in 2009. The book, told from the perspective of Wall Street insiders and government regulators, chronicled the events leading up to the 2008 financial crisis and the colla爱上海同城手机版 新爱上海同城对对碰论坛pse of Lehman Brothers. Sorkin also serves as an anchor on CNBC’s Squawk Box, and founded the Times’ financial 上海夜网 阿爱上海同城newsletter DealBook.

Tags: celebrity real estate
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Manhattan Condos

The 10 most valuable Manhattan condo filings accepted in 2016 Related Companies’ 15 Hudson Yards tops the list with a projected sellout of $1.7B
15 Hudson YardsRelated Companies, Oxford Properties Group $1.7 Billion285New Construction
565 Broome StreetBizzi Partners Development, Aronov Development and Halpern Real Estate Ventures $650.9 Million 115New Construction
Manhattan View at MiMA, 460 West 42nd StreetSCG America and Kuafu Properties $414.2 million 151Conversion
21 East 12th StreetWilliam Macklowe Companies and Goldman Sachs
$272.3 million 52New Construction
1 S上海夜网论坛 上海夜网eaport Residences
161 Maiden LaneFortis Property Group $272 million 80 New Construction

15 Hudson Yards

15 Hudson Yards
Developer: Related Companies, Oxford Properties Group
Projected Sellout $1.7 Billion
Units: 285
Type: New Construction

The Attorney General s Office approved Related Companies and partner Oxford Properties Group’s 88-story tower in June. Sales at the building designed by Diller Scofidio + Renfro, Rockwell Group and Ismael Leyva Architects launched in September. The projected sellout of $1.7 billion makes it one of the most valuable condo projects recorded in the city.

The building was partly financed by U.K.-based hedge fund the Children’s Investment Fund and is slated to have 285 market-rate condos and 106 affordable units. Construction began in 2014 and is due to be finished in 2018. There will be five distinct residence types, ranging from one-bedrooms to duplex penthouses. The market-rate unit[……]

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Town of East Hampton turns down Bravo reality show

“Summer House” must find elsewhere t爱上海同城论坛 爱上海同城o summer. The second season of the reality series must be filmed somewhere other than East Hampton, according to 27East, after the town stood gave a hard “no” to the possibility of the show shooting a second season at a private house on Napeague Harbor Road. The town c上海千花社区 上海千花网交友lerk’s office claimed the filming would violate the town zoning code, re上海千花网 爱上海同城对对碰ferring to the shoot as a commercial operation. It’s not the first time “Summer House” received the cold shoulder from Hamptons officials. “We are very concerned that this show promotes a false picture of Montauk as a raucous p爱上海同城对对碰 爱上海同城论坛arty town, when in fact the complete opposite is true,” Montauk Chamber of Commerce president Paul Monte told Page Six late last year. [27E]

Tags: Hamptons
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Bronxville’s Carlson Real Estate merges with ERA Insite Realty of White Plains

Two family-owned Westchester real estate firms merged this week, the Westchester 新上海贵族宝贝论坛 上海贵族宝贝交流区Business Jou新上海贵族宝贝论坛 上海贵族宝贝交流区rnal reported. Bronxville’s Carson Real Estate, founded in 1972 by Marie Carlson and now run by her son爱上海 爱上海同城手机版 Craig, will join ERA Insite Realty, a franchise of ERA that has operated as a family business in White Plain上海夜网 阿爱上海同城s for 32 years. Previous to this, the Carlson brokerage was a franchise of Coldwell Banker. Craig Carlson will become an associate broker at ERA and will bring 20 brokers with him. Loui爱上海同城论坛 爱上海同城s Budetti, principal broker of ERA Insite, said the merger worked because both firms “are both family-owned businesses and share common philosophies.” [WBJ]
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Trump Deutsche

Mueller subpoenas Deutsche Bank for records of people affiliated with Trump The special counsel is looking at financial information of people close to the president’s family

From left: Donald Trump, John Cryan, the Trump International Hotel in DC and Robert Mueller (Credit: Trump Hotels and Getty Images)

UPDATED: Monday, Dec. 11, 5:02 p.m.: Special Counsel Robert Mueller and his investigators subpoenaed Deutsche Bank for banking records of people close to President Trump.

The Guardian上海龙凤论坛sh1f 上海龙凤论坛 reported that investigators have since received records from people affiliated with the president.

The special counsel is investigating whether the Trump campaign colluded with Russians connected with the Kremlin in the lead-up to the 2016 election. The Deutsche subpoenas were sent several weeks ago, according to the Bloomberg report.

Deutsch爱上海同城对对碰 爱上海同城论坛e has previously denied similar requests for documents made by Democratic lawmakers, who wanted more information on $300 million Trump owes Deutsche from past real estate loans. Congresswoman Maxine Waters specifically wanted to investigate whether those loans had any connection to Russia.

Deutsche has settled multiple investigations related to how it helped Russian clients move money out of that country and into the United States, but after its own internal review to see if Trump s business ever overlapped with its so-called mirror trading services for Russians, Deutsche found that it had not.

According to numerous reports, Mueller s investiga[……]

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Art Basel Miami

PHOTOS: Developers, brokerages celebrate Art Basel Events included preview parties of major art shows and Elliman Magazine release

The champagne, art and real estate flowed throughout Miami Art Week, with some developers hosting eye-popping exhibits and blowout parties to celebrate Art Basel.

At the start of the week, Faena Miami Beach released a public art installation on the beach, including a “sinking Taj Majal” with giant chandeliers, a 2-ton concrete elephant and pieces of the abandoned Atlantic City Casino.

Other events included an opening preview of Red Dot Miami and Spectrum Miami, two上海龙凤论坛 新上海贵族宝贝论坛 sister shows in Miami’s Arts Entertainment District. Cervera Real Estate hosted the party with Redwood Media Group, marking the brokerage’s first affiliation with a major art show during Miami Art Week.

Elliman also sponsored the gallery space within the Collectors Lounge at Art Basel, an area reserved for VIP guests at the Miami Beach Convention Center, for the fifth year in a row.

On Tuesday, Property Markets Group and JDS Development Group hosted an event with Cuban artist Antuan at the recently completed Echo Brickell, at 1451 Brickell Avenue.

Later in the week, KAR Properties and RBC Wealth Management held a dinner at the Setai to showcase KAR s One River Point and 2000 Ocean projects. Guests included Howard新上海贵族宝贝论坛 上海贵族宝贝交流区 Lorber,爱上海 爱上海同城手机版 Shanjie Li and Shahab Karmely.

On Thursday, Goldman Properties unveiled its annual Wynwood Walls exhibit, a series of 12 new murals with the theme of “hum[……]

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62

No 421a? Williamsburg developer foots tax bill anyway Credits for buyers range from $23K to $80K for up to 2.5 years

62-66 North Third Street

The developers of a Williamsburg condominium are offering to pay up to $80,000 in taxes for buyers who go into contract by the end of the month.

The building in question, 62-66 North Third Street, does not benefit from 421a abatement like other large projects on the Brooklyn waterfront. To entice buyers, the sponsors decided to offer an abatement of their own and will pay up to 2.5 years of property taxes on units that go into contract this month, Bloomberg reported. The payments will range from $23,000 for a one bedroom to $80,000 for penthouse.

“People say, ‘I won’t go into anything without a concession,’ said David Dwek of Duke Equities, which is developing the project with Flatiron Real Estate Advisors and MJM Contracting. It s a checklist item.

Thousands of Brooklyn condo buyers have reaped the rewards of tax abatement programs like 421a, which gave developers (and buyers) tax breaks for up to 25 years. The replacement program, passed last year, is more restrictive.

So far, two of the building s 1爱上海龙凤419桑拿 上海龙凤论坛sh1f3 units are in contract, according to StreetEasy. Available units include a one-bedroom seeking $1.4 million and a three-bedroom asking $3.075 million. The average price per foot is $1,520, on the high end for Williamsburg, where last year s median price per foot was $1,204. [Bloomberg] E.B. So上海夜网论坛 上海夜网lomont

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Abu Dhabi Investment Authority

The world s biggest private RE investor has a new boss Tom Arnold to take helm of 新爱上海同城对对碰论坛 上海同城对对碰交友社区Abu Dhabi Investment Authority

Tom Arnold and Waterline Square

The Abu Dhabi Investment Authority, the world s largest private investor in real estate, has named a new leader for its property division.

Tom Arnold will take over as global head of real estate from Bill Schwab at the company effective June 1, according to PERE News. The company is the largest private real estate institutional investor in the world with $47 billion in assets. Its New York investments include the luxury residential development Waterline Square , the London Hotel at 151 West 54th Street and the Edition Hotel at 5 Madison Avenue, which it purchased in 2015 for about $337 million.

Schwab held his position at ADIA for nine years. ADIA’s real estate team quadrupled in size under his tenure, and the company also increased the number of projects it manages internally. ADIA is currentl新上海贵族宝贝论坛 上海贵族宝贝交流区y estimated to have up to 50 million square feet of development either underway or planned.

Schwab came to ADIA from JPMorgan, and although he is expected to stay in real estate, his next role is unclear.

Arnold came to ADIA from private equity firm Cerberus Capital Partners and has also previously worked at Credit Suisse and ING Financial Services. His current role at ADIA is deputy global head of real estate. [PERE N上海千花网交友 上海千花网论坛ews] – Eddie Small

Tags: Commercial Real Estate, Development, Real Estat上海贵族宝贝论坛 上海贵族宝贝e Finance
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LaSalle

National Cheat Sheet: With $23B in deals, Brookfield unseats Blackstone as top dealmaker in North America … more

Clockwise from top left: LaSalle taking another look at Pebblebrook as Blackstone declines to up its offer, News Corp subsidiary shells out $210M for Austin-based real estate startup, FAO Schwarz will return to Manhattan in November with a new flagship store, and Brookfield’s $23B in deals this year makes it the top dealmaker in North America.

Brookfield’s $23B in deals this year makes it the top dealmaker in North America
Brookfield Asset Management has a higher total value of real estate transactions this year than Blackstone Group, making it the top real estate dealmaker in North America, Bloomberg reported. Brookfield logged $23 billion worth of transactions this year — aided in large part by its acquisition of a 66 percent stake in mall owner General Growth Properties, which cost the company $15 billion. Brookfield Property Partners chief executive Brian Kingston said the company “look[s] for places where people are running away from.” “Ultimately we’re value investors. So that means many times it leads you to being contrarian,” he said. Brookfield has also snapped up Forest City Realty Trust and taken a 99-year-lease on 666 Fifth Avenue from owner Kushner Companies. [TRD]

News Corp. subsidiary shells out $210M for lead generation startup
Move Inc., a company within Rupert Murdoch’s News Corp, is snapping up another real estate-centric business. The subsidiary, wh[……]

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