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]

Tags: Hamptons
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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 of renowned urbanist Jacobs are horrified the proposal was made to begin with, and that it continues to be considered.

“We find上海千花网 爱上海同城对对碰 ourselves horrified that such a proposal would be put forward,” one group of residents wrote in a statement to the Architect s Newspaper. “We wonder why anyone would want to destroy the fruits of Jane Jacobs’ dream. We know that we have the greatest luxury of all, right here, right now; the luxury of liv爱上海龙凤419桑拿 上海龙凤论坛sh1fing in the world Jane Jacobs imagined.”

The board views the consideration of Madison Equities proposal part of their legal duties, according to their statement: We have a fiduciary responsibility to share that type of information with all shareholders, and our recent meetings have been a way for us to get feedback on what people think about the concepts put forth in the proposal.”

[The Architect s Newspaper] E.K. Hudson

Tags: affordable housing, Development, madison equities, West Village
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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 January, could change the retail landscape an爱上海龙凤419桑拿 上海龙凤论坛sh1fd drive further demand in the already red-hot industrial sector as landlords look to charge “pot premiums” for their spaces. In this issue, experts hypothesize on what changes the Green Rush will bring to the market next.

As those sectors evolve with the times, so too have the top architects in L.A. TRD analyzed permits issued by the city to rank the firms that took on the priciest commercial projects last year. So what’s trending with the top design firms? Amenity-laden, residential-heavy, mixed-use projects that will help ease L.A.’s chronic housing shortage.

We also sat down with L.A.-based Newmark Knight Frank broker Jay Luchs, who’s won awards for his high-profile retail leasing deals with luxury brands. He was game to chat about everything — even the stock performance of Newmark’s new IPO. Also on the retail front is a look at the flurry of retail leasing activity in DTLA.

Finally, if you’re looking for inspiration in the new year, we talked to Hilton Hyland’s Jeff Hyland about his typical schedule, which kicks off with exercise and never includes being late. Resolutions to live by.

Enjoy the issue!

Tags: Commercial Real Estate, Jay Luchs, Jeff Hyland, marijuana, the real deal
The Real Deal Los Angeles winter issue is live!’ displayText=’Tweet’ st_url=’https://therealdeal.com/la/2018/01/19/the-real-deal-los-angeles-winter-issue-is-live/’>
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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 portfolio include Skidmore, Owings Merrill, Morris Adjmi, Clodagh, Ismael Leyva, David Rockwell and BKSK Architects. Recent project include the Frank Ge新上海贵族宝贝论坛 上海贵族宝贝交流区hry-designed the Grand in Los Angeles and 15 Hudson Yards, which was designed by Liz Diller of Diller Scofidio Renfro and Rockwell Group.

Puddicombe said that he will pursue consulting opportunities after his departure from Related.

Clarification: Rockwell Group is also designing 15 Hudson Yards.

Tags: Related Companies, robert a. m. stern
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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 inflating the cost of finding office space and reducing flexibility.”

CoStar currently has a tight grip on the commercial leasing data business following the December bankruptcy of its biggest rival, Xceligent. KnotelKoin’s peer-to-peer philosophy is somewhat similar to CompStak, a crowdsourced commercial property database. CoStar has a history of suing upstart competitors for copyright infringement and has filed cases against RealMa爱上海龙凤419桑拿 上海龙凤论坛sh1fssive and Xceligent, among others.

上海夜网 阿爱上海同城

Knotel, founded in 2016, takes office space under leases or management agreements and then sublets it to companies under flexible terms. The company raised $25 million in a Series A fundraising round in early 2017 and has expanded to more than 700,000 square feet of office space in New York and San Francisco.

Sarva recently sat down with The Real Deal for a video interview in which he dished on the future of the office market and his company’s rivalry with WeWork.



Tags: Costar Group, Knotel, Tech
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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 David Walentas. But injuries have sidelined him. And when trying to bring together buyers and sellers, he takes a less aggressive tack. “People are digging in their heels and fighting over lampshades; you need to make both sides feel like they’ve won,” he said.

6上海千花社区 上海千花网交友:00 a.m. The first thing I do [when I wake up] is feed my dog and cat. There’s Coco, a 9-month-old Havanese, and Romeo, a 6-year-old cat we got from a shelter. I used to breed Labs when I was a lifeguard at Great Gun Beach on Fire Island.

6:30 a.m. I 上海贵族宝贝 上海千花网龙凤论坛work out, usually on an elliptical bike, where I read newspapers. I read Newsday, the New York Times and the New York Post, my favorite. I take out an ad every
Saturday next to Page Six. I also lift 15-pound weights, though I’m pretty beat up. I’ve been pretty tough on my body and have a lot of replacement parts. I shattered my heel bone. I’ve had two spinal surgeries. I’ve had a hip implant. I also snapped the tendon in my shoulder when I was sailing by myself in a Hobie Cat.

8:00 a.m. I will have a cup of green tea. I don’t drink coffee in the morning, though I might have a cappuccino at night. I’m very Italian. Mornings are also when I post about my prostate cancer treatment. I discovered I had it last fall. When I talk about it on social media, people seek me out. It’s amazing how little information people have. It’s so treatable. It’s made me appreciate things a lot more. You don’t look at the sky the same way again.

8:30 a.m. When I get to the Westhampton[……]

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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 fundraising rounds for the company formerly known as WeWork.

Katerra has also found itself entangled in some of the Vision Fund s political troubles lately. In October, just weeks after the Saudi government was implicated in the murder of journalist Jamal Khashoggi, Marks travelled to Riyadh to sign an agreement to build several factories in Saudi Arabia. Other U.S. tech executives, s爱上海 爱上海同城手机版uch Uber CEO Dara Khosrowshahi, had declined to attend the same event.

Through the Vision Fund, Son had planned to invest $16 billion to take a majority stake in WeWork (now called The We Company), but his backers from government funds in Abu Dhabi and Saudi Arabia balked. [The Information] Kevin Sun

 

Tags: Real Estate Finance, softbank, Tech
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Yoel Goldman

Rabsky Group buying Gowanus parcel from Yoel Goldman for $95M: sources Brooklyn heavyweights strike deal for 313 Bond St.

313-331 Bond Street in Gowanus (Credit: Google Maps)

Yoel Goldman is in contract to sell a Gowanus development site for about $95 million to a partnership led by fellow Brooklyn heavyweight Rabsky Group, The Real Deal has learned.

Goldman’s All Year Management purchased the site at 313-331 Bond Street, which offers about 185,000 buildable square feet, for $61 million in July 2018. At the time, the developer secured $46 million in financing through Centennial Bank and Sherwood Equities. All Year is now selling the site to Rabsky for about $513 a foot, a significant premium above the $330 a foot it paid last year.

All Year could not be reached for comment, but late Tuesday night the company filed documents pertaining to the deal on the Tel Aviv Stock Exchange, where it has raised debt. The disclosures did not reveal the buyer, but sources familiar with the deal said it was爱上海同城对对碰 爱上海同城论坛 Rabsky. The company, led by Simon Dushinsky and阿拉爱上海同城 爱上海龙凤419桑拿 Isaac Rabinowitz, is a major player in Brooklyn, with projects including a piece of the Rheingold Brewery redevelopment in Bushwick and an eight-building development in South Williamsburg’s Broadway Triangle.

According to the TASE docume爱上海同城手机版 新爱上海同城对对碰论坛nts filed by All Year, Rabsky gave the company a $34 million deposit upon signing the contract on Feb. 26. Rabsky will pay a further $46 million upon the deal closing, slated for August. Rabsky will also have the option to cough up a further $15 million to complete the deal for a total of $95 million, or ente上海贵族宝贝论坛 上海贵族宝贝r a partnership agreement with All Year that would see All Year retain a 12.5 percent stake in the site.

Earlier this month, Rabsky closed on the sale of a North Williamsburg rental building at 395 Leonard Street for $130 million to Denver-based real estate investment trust UDR, as TRD reported.

Tags: all year management, Development, Gowanus, Rabsky Group, Yoel Goldman
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B6 Real Estate Advisors

B6 Real Estate Advisors signs on Wells Fargo exec to head up debt division Joseph Tufariello will be president of the firm’s capital advisory team

Paul Massey and Joseph Tufariello (inset)

Paul Massey’s B6 Real Estate Advisors hired a Wells Fargo executive to lead the burgeoning brokerage’s debt practice.

Joseph Tufariello, whose title will be president of the capital advisory division, will focus on financial management, business development, recruitment and product management, B6 told The Real Deal.

Massey said he has known Tufa上海千花社区 上海千花网交友riello for a long time and that he will be a strategic partner in the firm taking a bite out of New York City s real estat爱上海同城手机版 新爱上海同城对对碰论坛e debt market. We want to take a big market share of those transactions to better serve our clients, and Joe is going to lead that initiative for us, Massey said.

Tufariello was previously Wells Fargo s managing director in real estate capital markets.

He has closed and originated more than $10 billion in commercial loans over his 30-year career, which also included上海贵族宝贝交流区 上海贵族宝贝论坛 stints at Ackman-Ziff Real Estate Group, JPMorgan, Morgan Stanley and Nomura Securities, according to B6.

Tufariello, who also is on the Urban Development and Mixed-Use Council, In a statement, he said he was drawn to B6 s successful track record and entrepreneurial spirit.

Massey launched B6, which focuses on debt and investment sales, last July 1. The brokerage firm so far has 55 employees; of that, 30 are agents, 上海夜网论坛 上海夜网but there s only one debt team. Massey said the goal is to add 30 debt teams over the next year to year and a half. We ve been ramping up fast, but we look forward to ramping up the debt business that Joe s going to run, he said.

In August, B6 hired DJ Johnston, previously of Massey Knakal Realty Services and Cushman Wakefield, to head up the firm s first team in Brooklyn.

Tags: Commercial Real Estate, paul massey, wells fargo
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