Love It Or List It HGTV

By wh1

HGTV’s “Love It Or List It” allegedly left couple’s home in chaos The unsatisfied reality show guests claim that the show’s construction skills are not up to snuff

A Raleigh, N.C., couple are suing HGTV’s popular real estate and design show “Love It Or List It” for shoddy work, breach of contract, unfair trade practices in violation of North Carolina’s general contractor laws and a “bizarre” business model that creates an “inherent conflict of interest.”

Deena Murphy and Timothy Sullivan wanted to renovate and move into a rental property they owned in Raleigh, so they contacted “Love It Or List It” after seeing an ad, according to Journal Now. In the show, a crew renovates a home for a big reveal in front of the owners at the end. The owners either “love it” or “list it” because they don’t like the renovation.

But in this case, the couple saw the work that had been done and filed a阿拉爱上海同城 爱上海龙凤419桑拿 lawsuit against Big Coat TV — the Canadian-based company that produces the show — and Aaron Fitz Constr阿爱上海同城 阿拉爱上海同城uction, a North Carolina contractor hired to do the ren上海夜网 阿爱上海同城ovations.

The couple says that the renovation design work used by the show was scaled down, that the show did not use a licensed architect to develop renovation plans and that the general contractor was not licensed in North Carolina.

The couple went on to claim that the floors in their home were “irreparably damaged” after duct work left holes in the floor “through which vermin could enter the house.” They also complain of low[……]

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Fifth Avenue Retail

By wh1

Fifth Avenue plagued by rise in vacant retail space Shopping corridor seeing record availability rate

Fifth Avenue Retail strip

One of the city s best known shopping districts is starting to look a little like a ghost town (relatively speaking).

Experts point to climbing rents in the district as one of the driving forces behind the glut of open space. Spaces along Fifth Avenue from 49th to 60th streets — one of the priciest retail locations in the world — have an average asking rent of $3,213 a square foot, Bloomberg reported. In 2011, asking rents were $2,075 a square foot on the stretch.

Empty storefronts are plaguing much of Manhattan, as rents rise and retailers struggle to compete with e-commerce and demand wanes for luxury products.

“Property trades are being based on achieving ever-higher rents, and nobody ever really looks at what retailers can afford爱上海 爱上海同城手机版 to pay,” Richard Hodos, a vice chairman at brokerage CBRE Group, told Bloomberg. “In some cases, rents need to come down 30 percent or more for rents to be at levels where retailers are 上海龙凤论坛sh1f 上海龙凤论坛able to make sense of them again.”

In July, The Real Deal profiled the mounting co上海同城对对碰交友社区 上海夜网论坛ncern over Manhattan s retail market amid growing rents, struggling stores and increasing availability rates throug上海千花网龙凤论坛 上海千花社区hout the borough.  But some landlords are starting to lower their expectations. For example, asking rents in Soho and Times Square have declined throughout 2016, according to Cushman s data. [Bloomberg] — Kathryn[……]

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Mayor Bill de Blasio

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De Blasio campaign fined $48K for misusing political donations Campaign allegedly spent $100K with PR firm that helped launch de Blasio’s Campaign for One New York

Mayor Bill de Blasio

Mayor Bill de Blasio s campaign was fined $47,778 Thursday amid allegations it spent public campaign funds on plane tickets for his son, a makeup artist for his family and a second party to celebrate the mayor s election in 2013.

The fines included $12,484 for contributions that exceeded campaign finance limits; $6,086 for taking donations from LLCs; and $21,159 for certain post-election expenses that are not permitted under campaign finance law.

The de Blasio campaign raised $10.6上海贵族宝贝 上海千花网龙凤论坛 million from private donors and received nearly $4 million in matching public funds, the New York Post reported.

For his 2013 m阿爱上海同城 阿拉爱上海同城ayoral run and his 2017 re-election campaign, de Blasio has raised more than $4 million from real estate officials, their family members or lobbyists, according to records. In May, The Real Deal reported that five of the top 10 bundlers for his re-election campaign were real estate figures.

Among the 2013 campaign s infractions: spending more than $33,000 for a second party after the election, and shelling out $550 for a makeup artist for the de Blasio family on election night in 2013. The campaign also didn t properly document the contributions of dozens of bundlers, including Jona Rechnitz, who was at the center of the NYPD bribery s爱上海同城 爱上海candal.

Dan Levitan, a de Blasio campaign sp[……]

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Luciane Serifovic

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Luciane Serifovic joins Town to head up international sales Former execut上海贵族宝贝论坛 上海贵族宝贝ive director of rentals at Elliman was recently reappointed to sales role

Luciane Se上海千花社区 上海千花网交友rifovic

Luciane Serifovic, a former top rental executive turned sales manager at Douglas Elliman, jumped to Town Residential to be director of international sales.

Serifovic was the executive director of rentals at Elliman from 2014 until 2016, when she was moved to a sales management position and replaced by Hal Gavzie. The switch was part of a larger shake-up which also saw Cliff Finn, Elliman’s executive vice president of development marketing, laid off from his full-time position.

Serifovic was most recently executive and sales manager for three of Elliman s West Side offices, but left the company in March.

At Town, she will work to extend the company s reach into the international luxury market by forming strategic alliances with other brokerage brands aroun新爱上海同城对对碰论坛 上海同城对对碰交友社区d the world, according to a spokesperson for Town. The company already has an alliance with Fortune International Group in Florida, for instance.

A spokesperson for Elliman wasn t immediately available for comment.

Prior to Elliman, Serifovic worked at Citi Habitats from 2007 through 2013 and where she ran the company s top-producing office at 250 Park Avenue South.

Among its other recent hires, Town recently hired Mich阿拉爱上海同城 爱上海龙凤419桑拿ael Martin, digital marketing director for The Trump Organization, as director o爱上海同城手机版 新爱上海同城对对碰论坛f digital strategy.

Tags: Doug[……]

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Facebook Advertisements

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Facebook (still) letting housing advertisers exclude users by race After ProPublica revealed last year that Facebook advertisers could target housing ads to whites only, the company announced it had built a system to spot and reject discriminatory ads. We retested and found major omissions.

Mark Zuckerberg

In February, Facebook said it would step up enforcement of its prohibition against discrimination in advertising for housing, employment or credit.

But our tests showed a significant lapse in the company’s monitoring of the rental market.

Last week, ProPublica bought dozens of rental housing ads on Facebook, but asked that they not be shown to certain categories of users, such as African Americans, mothers of high school kids,people interested in wheelchair ramps, Jews, expats from Argentina and Spanish speakers.

All of these groups are protected under the federal Fair Housing Act, which makes it illegal to publish any advertisement “with respect to the sale or rental of a dwelling that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.” Violators can face tens of thousands of dollars in fines.

爱上海 爱上海同城手机版

Every single ad was approved within minutes.

The only ad that took longer than three minutes to be approved by Facebook sought to exclude potential renters “interested in Islam, Sunni Islam and Shia Islam.” It was approved after 22 minutes.

Under its own policies, Facebook should have flagged these a[……]

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Priciest Apartments Manhattan

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He阿爱上海同城 阿拉爱上海同城re are the week’s top luxury sales An interactive look at where the biggest deals were struck, plus total overall sales and average prices for the week (click on numbers to see data)

Each week,上海同城对对碰交友社区 上海夜网论坛 The Real Deal and CityRealty look back at Manhattan’s priciest apartment sales.

Tags: cityrealty
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Jack Parker Corporation

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Jack Parker puts massive multifamily portfolio on the market The 2,000-unit package includes Parker Towers complex in Queens

Steven Pipes, Parker Towers in Queens, the Biltmore rental building in Midtown and Truffles Tribeca (Credit: Google Maps, Jack上海千花网论坛 上海千花网 Parker Corporation, F6S)

The Jack Parker Corporation is putting the majority of its New York City holdings on the market, The Real Deal has learned.

The massive multifamily portfolio consists of Parker Towers, a three-building, 1,327-unit complex in Queens’ Forest Hills neighborhood; the 291-unit high-end rental building Truffles Tribeca; and the 464-unit Midtown rental tower the Biltmore.

The properties could be sold separately or as one 2,082-unit package, sources said. It was not immediately clear what the properties could sell for.

The family-owned company, founded in 1955 and today led by president Steven Pipes, has developed more than 15,000 apartments in the U.S., largely in New York City and Florida. Jack Parker himself, the company s founder, died in 2007.

Parker Towers at 104-20 Queens Boulevard, which property records show the f上海贵族宝贝交流区 上海贵族宝贝论坛irm developed in 1960, spans 1.7 million square feet. Roughly 70 percent of the units are free market, according to sources.

Parker hired a Newmark Knight Frank team led by Jimmy Kuhn to market the package for sale, sources said. Neither Parker nor a representative for Newmark immediately responded to requests for comment.

Active buyers of large residential assets include Blackstone[……]

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US Home Stock

By wh1

Call them the frustrated wannabe sellers eager to list their homes for sale this spring, but feeling locked out of their markets by severe inventory shortages and rising prices that are occurring in many parts of the country. They want to move. They believe they could sell relatively quickly. But they can t find affordable, desirable replacements for their current homes because there are fewer to choose from. So they don t list, thereby contributing to a pernicious cycle that worsens the inventory squeeze.

According to the National Association of Realtors latest data, total listings of homes for sale are down by 8.1 percent over the past year alone, and they have fallen year over year for 33 consecutive months. A new study by found that inventories have sunk to their second lowest level since the company began tracking them in 2012. Meanwhile, prices are up in major segments median starter homes by 9.6 percent for the year, tr爱上海同城手机版 新爱上海同城对对碰论坛ade-up homes by a median 7.5 percent.

The wannabes are folks like these:

David Roberts, a high school teacher in the Nashville, Tennessee, area, tells me he s been looking for months for an affordable replacement for his current home, valued around $188,000. He s been told his house would sell in two weeks. But prices of suitable replacements are rising fast up 10 percent in the past year and the pickings are slim anywhere close to the city. So where do we go? he asks. We are looking but not listing.

In Walpole, Massachusetts, 76-year-[……]

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By wh1

WeWork close to inking huge lease at 1 WTC It’s unclear how much space the co-working firm is taking

Adam Neumann and 1 World Trade Center at 285 Fulton Street (Credit: Getty Images and Pixabay)

WeWork may be 1 World Trade Center s newest tenant.

The co-working giant is reportedly close to finalizing a large lease in the office tower, bringing the company closer to being the city s top 上海千花社区 上海千花网交友office tenant. According to Crain s, WeWork is looking to lease between 200,000 and 500,000 square feet in the building. A recent report by Cushman Wakefield noted that the company is the second-largest renter of office space in the city with 4.6 million square feet. It would only need a上海千花网龙凤论坛 上海千花社区n additional 74,000 square feet to put it in first place.

Earlier this year, the Durst Organization s leasing executive Eric Engelhardt told Crain s爱上海龙凤419桑拿 上海龙凤论坛sh1f that the company was looking for one ten上海夜网 阿爱上海同城ant to take as much as 400,000 square feet in the building. The developer has also reserved smaller spaces in the tower for multiple tenants.

The build上海千花网龙凤论坛 上海千花社区ing s best known tenant is Condé Nast. One of WeWork s competitors, Convene, has an event space on the building s 34th floor. [Crain s] — Kathryn Brenzel

Tags: 1 World Trade Center, Commercial Real Estate, wework
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NYC Development Sites

By wh1

As the market drops and many give up on stitching together plots for big projects, some players are still quietly buying up NYC sites

(Illustration by Andrew Colin Beck)

Piecing together a sizable parcel of Manhattan land is a time-consuming and hairy process.

And in today’s tanking investment sales market, many are just avoiding it outright.

But there is still a handful of players — many of them among the city’s savviest and most risk-tolerant — in the assemblage game. And the chess moves they are making, which often involve seemingly unconnected purchases throughout Manhattan, offer a window on the next batch of projects coming down the Manhattan pike.

“With assemblages, you get a sneak peek of the next wave of development,” said Ross Moskowitz, a partner at law firm Stroock Stroock Lavan.

Isaac Chetrit and Sioni Group, for example, picked up two buildings and 235,000 square feet of air rights over eight years to make way for an 80-story mixed-use tower on Sixth Avenue in the Garment District designed by Kohn Pedersen Fox. Icon Realty Management, meanwhile, stitched together eight parcels and nearby air rights over nine years to create an Upper East Side site where it’s now planning two condo towers. And MKF Realty snapped up three parcels and a batch of air rights for its planned 250,000-square-foot Hell’s Kitchen office building, though that project isn’t slated to break ground for another few years.

Generally, these types of assemblages involve negotiating with reluctant sell[……]

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