McCarren Hotel

Empire Capital buys McCarren Hotel Pool for $22M Williamsburg property boasts first outdoor saltwater pool in Brooklyn

McCarren Hotel Pool at 160 North 12th Street (credit: McCarren Hotel) (inset from top: Josh Rahmani and Ebi Khalili)

A group of investors led by Empire Capital Holdings purchased the McCarren Hotel Pool in Williamsburg for $22 million, sources told The Real Deal.

The seller, according to Re上海龙凤论坛sh1f 上海龙凤论坛al Capital Analytics, is a爱上海同城 爱上海 joint venture between private equity firm Wheelock Street Capital and King Grove (now Chelsea Hotels). King Grove, in partnership with the Chetrit Group , bought the 64-key hote上海龙凤论坛sh1f 上海龙凤论坛l at 160 North 12th Street in 2012 for $31.8 million, city records show. They received a $20 million acquisition loan from PNC Bank at the time. In 2013, after Chetrit and King Grove split up, Wheelock assumed the loan and became the majority owner.

Vickram Jambu and Chris Varjan

Empire Capital, led by Josh Rahmani and Ebi Khalili, plans to completely rebrand and reposition the hotel, once known as the Hotel Williamsburg, sources said. The hotel’s standout feature is a ground-level saltwater pool, but it also holds a rooftop bar, and restaurant Oleanders (it formerly housed Paul Liebrandt’s Elm).

Venture Capital Properties’ Vickram Jambu and Chris Varjan brokered the deal. They declined to comment, while representatives for Empire Capital couldn’t be reached. The acquisition was fina阿爱上海同城 阿拉爱上海同城nced in part with a loan from Ladder Capital.

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Bushwick Inlet Park

WATCH: Renderings revealed for W burg waterfont park Locals have been waiting for mo爱上海 爱上海同城手机版re th新爱上海同城对对碰论坛 上海同城对对碰交友社区an a decade for the park to appear新爱上海同城对对碰论坛 上海同城对对碰交友社区

Back in 2005, former Mayor Michael Bloomberg promised to build a public park as part of a deal to rezone the north Brooklyn waterfront to build luxury towers. 

More than a decade later, the city has announced that it will finally buy the last 11 acres needed to develop the borough’s long-delayed Bushwick Inlet Park. Last week, the de Blasio administration agreed to purchase the site of the former CitiStorage warehouse from Norman Brodsky for $160 million the final section of the 28 acres than run along Kent Avenue from North 14th to North 9th streets.

The Maker Park team is led by Karen Zabarsky, a creative director at Kushner Companies, the Municipal Art Society’s Stacey Anderson and digital strategist Zachary Waldman, along with a team including architecture firm Studio V and landscape architects from Ken Smith Workshop.

This week, they released concept renderings. The renderings show the ten 50-foot fuel containers transformed into new spaces including performance venues and greenhouses. But before the park can materialize, the Maker Park team still needs to raise the money, gain the support of the local residents and receive approval from a number of city agencies, including the Department of Parks and Recreation.

To see the full story and a full selection of the renderings, watch the video above.

For more videos, visit The Rea[……]

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East Quogue couple unveils teeny tiny high

Could this be the solution to the Hamptons’ outrageous real estate prices? Native Hamptonites Jessica and Mark Dunkirk hosted two “w新上海贵族宝贝论坛 上海贵族宝贝交流区ell-attended” open houses this month for their under 300-square-foot micro spec homes on the East End, 27East reported. One of their developments, The Montauk was met with “oohs and ahhs,” accor上海千花网交友 上海千花网论坛ding to the local paper. It features a rain sh新上海贵族宝贝论坛 上海贵族宝贝交流区ower that上海千花网龙凤论坛 上海千花社区’s right next to a walk-in closet, electric fireplace, and separate living and dining areas. “Tiny houses give many people the opportunity to own their own home,” Mark Dunkirk said. “They may not have had that before with the outrageous prices of ho爱上海龙凤419桑拿 上海龙凤论坛sh1fmes on Long Island.” [27East]

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West Village Houses Demolition

Madison Equities proposes demolition of Jane Jacobs West Village Houses Facing reduced options for warding off impending taxes hikes, the 1,000-person housing community is taking stock o新爱上海同城对对碰论坛 上海同城对对碰交友社区f their options

Robert Gladstone CEO of Madison Equities, front; u阿爱上海同城 阿拉爱上海同城rbanist Jane Jacobs, back (Front photo by Studio Scrivo; back photo: New York World-Telegram and the Sun Newspaper Photograph Collection, Library of Congress)

UPDATED November 7, 2017 with statement from the West Village Houses board.

An offer on the West Village Houses by developer Madison Equities would tear down the complex s 42 five-story buildings, designed by Jane Jacobs and Perkins + Will in the 1960s and 1970s, in order to build high-rise housing.

Madison Equities offer was made this fall and residents of the 420 units in the complex have been meeting to di阿拉爱上海同城 爱上海龙凤419桑拿scuss it and West Village Houses board of directors have decided to solicit other offers before making a final decision, according to the Architect s Newspaper. The developer would not comment on the details of the offer, while the board stated they did not solicit it.

The West Village House s tax abatement expires in March of next year so the board and residents have been looking at how the community can stay affordable in the face of coming tax increases which the board qualified as a financially untenable situation for many of our residents,” in a statement to The Real Deal.

However, many residents and preservationists familiar with the work[……]

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The Real Deal Los Angeles

The Real Deal Los Angeles winter issue is live! Inside: Commercial real estate’s gender divide, how marijuana legalization could change the retail landscape and more

The 上海同城对对碰交友社区 上海夜网论坛Real Deal Los Angeles winter issue

View the Winter 2018 issue of TRD L新上海贵族宝贝论坛 上海贵族宝贝交流区A in print layout format here and in online format here. 

Ever since Hollywood mogul Harvey Weinstein’s alleged predatory behavior came to light in the fall, women — and men — in every industry have been reckoning with the ways in which gender dynamics have impacted profess上海龙凤论坛 新上海贵族宝贝论坛ional life. And commercial real estate is no different.

As many of our past rankings have shown, female brokers are killing it in the residential sector, but commercial leasing and sales have been markedly harder for women to break into. The Real Deal’s own dynamo reporter Natalie新上海贵族宝贝论坛 上海贵族宝贝交流区 Hoberman spoke to women in the field about how the boys’ club attitude prevalent in the field has shaped their experiences. And our research team dug into public records to show the numbers behind the disproportionate pay for women and unequal representation in the workplace. But veterans Natalie spoke to maintain that the gender ratio today is better than it ever has been, and say they hope this moment in culture may provide the much-needed push to further balance the scales.

Meanwhile, there’s another shift of an entirely different kind underway in commercial real estate. The legalization of recreational marijuana, which went into effect at the start of Janu[……]

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Robert Puddicombe, Related’s emissary to starchitects, resigns

Robert Puddicombe, Related’s emissary to starchitects, resigns Head of design is stepping down after 22 years in the firm

Bob Puddicombe

Robert Puddicombe, who has collaborated with t上海贵族宝贝论坛 上海贵族宝贝he likes of Zaha Hadid and Frank Gehry, is stepping down as senior vice president for design at Related Companies.

Puddicombe spent 22 years at Related and was 上海夜网论坛 上海夜网a partner at the firm.  His department, which started as a team of one person, is responsible上海贵族宝贝 上海千花网龙凤论坛 for managing the architects that work on Related s projects. During his tenure, he oversaw the aesthetics of over 50 residential developments, including Hadid’s luxury condominium project at 520 West 28th Street.

“I’ve had an a上海千花社区 上海千花网交友mazing career at Related. I have had the opportunity to work alongside some of the most prominent architects of this generation, assisting them in realizing their vision,” Puddicombe said in a prepared statement.

Puddicombe had a hand in designing over 3,700 luxury condos and 7,200 rentals units. One of his most frequent collaborators is Robert A.M. Stern. Over the past two decades, Stern and Puddicombe completed 12 developments, including 70 Vestry in Tribeca, the Chatham on the Upper East Side and the Century in Los Angeles.

It’s been a pleasure to work with Bob Puddicombe over his 22 years at Related; it s been a long and productive relationship, with Bob s leadership key to the success of more than a dozen collaborations between Related and my firm, said Stern.

Other architects in Puddicombe’s po[……]

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Knotel

Knotel takes on CoStar with blockchain-based leasing data上海龙凤论坛 新上海贵族宝贝论坛 platform Flexible office startup plans to launch KnotelKoin in 2018

Amol Sarva (Credit: Jhila Farzaneh)

As if facing off a上海千花网 爱上海同城对对碰gainst WeWork in the flexible office market isn’t enough, Knotel is now going after property data behemoth CoStar.

The New York-based startup plans to launch an online office listing data platform dubbed KnotelKoin, according to an email the company’s founder Amol Sarva sent to acquaintances and business partners Thursday. The platform will be based on blockchain technology: participants can add and verify information about particular office spaces through a peer-to-peer ledger system.

Users who add information to the blockchain (for example the size of a space or its rent history) are rewarded with digital tokens, whose value can increase over time and which can be used to pay for transactions on the platform, according to a white paper on KnotelKoin’s website. The company is planning a so-called initial coin offering for the tokens in the third quarter of 2018.

“The current system creates a fragmented market where controllers like CoStar lack any i阿拉爱上海同城 爱上海龙凤419桑拿ncentive to share their data with the public and/or technological resources to produce a clean dataset or innovate on offerings,” the white paper reads. “Without access to verified and up-to date information, tenants and landlords alike need to contract intermediaries (e.g., agents and brokers) to lease and rent commercial space, thereby[……]

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Enzo Morabito

The Elliman broker on targeting less-sexy listings, social media posts about prostate cancer and rosé lunches

Enzo Morabito (Photo by Michael McWeeney)

Hamptons broker Enzo Morabito begins and ends his day in much the same way: socializing in Westhampton Beach.

The 70-year-old Douglas Elliman broker — who moved to Suffolk County from Italy when he was 10 and now lives in Westhampton Beach — is regularly among the East End’s top agents. According to The Real Deal’s latest ranking, he did 36 sell-side deals totaling about $111 million between April 2017 and March 2018. And as of the middle of last month, he had 49 listings valued at $207 million.

But Morabito says he focu上海夜网论坛 上海夜网ses on listings priced under $2.5 million. “The other stuff is sexy,” he said. “We try to stay in the mainstream.”

Morabito has held a slew of jobs — from lifeguarding as a teen and into his 20s to teaching art in a public school. But he began his real estate career in 1991, when he founded Sagaponack Real Estate, which specialized in land transactions. In that role, he bought several farms, subdivided them and then sold them.

In 1996, while still running his firm, Morabito joined the residential brokerage Dunemere Associates. But when Elliman acquired Sagaponack in 1999, Morabito jumped to that firm, where he’s remained ever since.

A self-described adrenaline junkie, Morabito has also raced and collected motorcycles and played polo — sometimes in three-on-three matches in a large barn owned by developer[……]

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SoftBank

Vision Fund to lead $700M funding round for construction startup Katerra VC fund invested $865M in company last January

Michael Marks and Masayoshi Son (Credit: Getty Images, Katerra, and iStock)

Masayoshi Son s $100 billion Vision Fund is preparing another major investment in real estate tech, with plans to lead a $700 million round of financing for Katerra, the construction startup上海千花网龙凤论坛 上海千花社区 founded by former Flextroni新上海贵族宝贝论坛 上海贵族宝贝交流区cs International CEO Michael Marks.

This financing round would value the four-year-old company at more than $4 billion, according to The Information. The SoftBank fund invested $865 million in Katerra last January, after which the company was valued at $3 billion.

Katerra and SoftBank declined to comment, and the identities of the other investors in this financing round are unknown.

California-based Katerra, founded in 2015, has faced some growing pains sin爱上海同城 爱上海ce its last cash injection. In August, The Information reported that the company s flagship factory in Arizona had to be shut down soon after it opened because it lacked proper building permits.

At the time, one former Katerra manager said that “every day is a fire drill.”

The company s revenue was reportedly in the high hundreds of millions of dollars in 2018, and sources expect that number to exceed $2 billion this year.

SoftBank s last investment in Katerra was one of the largest real estate tech deals of 2018, coming just behind two other SoftBa上海千花网 爱上海同城对对碰nk deals $3 billion and $1 billion fundraisin[……]

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