Ritz

What’s in a name?: Brokers are taking wait-and-see approach 阿拉爱上海同城 爱上海龙凤419桑拿to selling units at a former Ritz-Carl上海千花网龙凤论坛 上海千花社区ton A legal battle is unfolding between residents at 10 West Street and owner Westbrook over the name change

The Wagner

Perched at the southern tip of Manhattan, the Wagner at the Battery offers unobstructed panoramas of the city and New York Harbor.

While the views haven’t changed, the name has. And for residents who live above the former Ritz-Carlton hotel, the panorama isn’t enough.

Shortly before the Ritz-Carlton sign was removed from the building, the residential board filed a suit against owner Westbrook Partners over the name change. And as the legal battle ensues, brokers selling condominium units at the property say the new moniker spells uncertainty for the value of the residences.  (The suit comes a week after Westbrook landed a $280 million loan to refinance the Ritz-Carlton at 50 Central Park South, ahead of a planned renovation next year.)

Since opening in 2001, the building — which has 120 condo units and nearly 300 hotel rooms in its 12-story base — was managed by Ritz-Carlton, and branded as such. Millennium Partners sold its interest in the hotel to Westbrook in 2013, and it wasn’t long until the new owner floated plans to shutter the hotel.

The following year, Westbrook sent a letter to the Battery Park City Authority stating its intention to convert the property’s lower 12 floors into more residences, according to documents viewed by The Real Deal. The plans never came to fruition, and now, the residential board is claiming that the firm wants to run the hotel portion of the property “into the ground” to justify a conversion.

“Westbrook is trying to undermine the vitality of the hotel,” said Michael Hiller, an attorney representing the board. “We believe they would rather flip a 100 residences.”

In a response to the lawsuit, filed last week in New York Supreme Court, Westbrook claimed that under years of Ritz-Carlton management, the hotel suffered “millions of dollars” 上海夜网论坛 上海夜网in losses, according to an affidavit filed by its managing principal of hospitality investments, Matt Kenney.

Janice Mac Avoy, an attorney with Fried Frank who is representing Westbrook, said that it was no longer the company’s intention to convert the hotel to residences and the 2014 memo had been “mischaracterized,” but would not elaborate on how. She also declined to specify how much money the hotel lost under Ritz-Carlton’s management.

Furthermore, residents are claiming that under the new name — taken from the adjacent Wagner Park — the hotel is no longer being run as a “nationally-recognized brand, flag or franchise” as specified in the ground lease.

Mac Avoy said that under Westbrook’s new branding company, Leading Hotels of the World, which also does marketing for The Lowell and The Knickerbocker in New York, the conditions of the lease are being met. She added that Highgate Hotels, which manages the Park Central Hotel, will take over the hote[……]

Read more

Learn More →

Blackstone Infrastructure

Blackstone s Stephen S阿爱上海同城 阿拉爱上海同城chwarzman discusses Jamal Khashoggi in Q3 earnings call The Public Investment Fund of Saudi Arabia is a major contributor to Blackstone’s U.S. infrastructure fund

From left: Steve Schwarzman, Crown Prince Mohammed bin Salman, Jamal Khashoggi. (Credit: Getty Images, Npangarkar/WMF, DoD photo by Glenn Fawcett, POMED)

Blackstone s CEO and chairman Steve Schwarzman spoke about dissident journalist Jamal Khashoggi during an earnings call last week.

The first question from an ana新爱上海同城对对碰论坛 上海同城对对碰交友社区lyst on the call was about how Saudi Arabia s role in the disappearance and now confirmed death of journalist Jamal Khashoggi上海同城对对碰交友社区 上海夜网论坛 may affect Blackstone s U.S. infrastructure fund, according to a Seeking Alpha trans爱上海同城对对碰 爱上海同城论坛cript.

In May 2017, the Public Investment Fund of Saudi Arabia committed to contributing half of Blackstone s $40 billion U.S. infrastructure fund.

On the October 18 call, Schwarzman said they were concerned But we take a long-term approach both to our relationships and to building businesses. His comments came days after he cancelled his attendance at the country s Future Investment Initiative in Riyadh this week.

We think of ourselves as long term responsible stewards of capital, Schwarzman said on the call. Yes, in the short term we may get some questions. But the key th上海同城对对碰交友社区 上海夜网论坛ing to remember is our investors know that Blackstone is the sole GP of the capital.

On Saturday, a source close to Saudi Crown Prince Mohammed bin Salman told the Wall Street Journal that the prince was shocked by the West s reaction to Khashoggi s death and that “he feels betrayed by the West. He said he would look elsewhere and he will never forget how people turned against him before evidence was produced.” [Seeking Alpha] Erin Hudson

Tags: blackstone group, Commercial Real Estate
We are having some technical difficulties. Try again later.

By clicking Subscribe you agree to our Privacy Policy.

[……]

Read more

Learn More →

Chris Xu Developer

Chris Xu’s record-breaking LIC condo tower aims for $1B sellout Prices range from $600K for a studio to $3M for a two-bed

A rendering of 23-15 44th Drive and Chris Xu (Credit: Ci爱上海同城 爱上海tyRealty)

Queens is set to get its first $1 billion condominium project.

Developer Chris Jiashu Xu earlier this month got approval from the state Attorney General’s office to begin sales at his 802-unit Skyline Tower in the Court Square section of Long Island City, Bloomberg News reported.

At 964 feet, the glass tower is already to set to be the tallest it Queens, and now it may claim another record: It’s estimated sellout of $1.008 billion is the first billion-dollar-plus co上海贵族宝贝 上海千花网龙凤论坛ndo project for the borough, according Modern Spaces’ Eric Benaim,上海贵族宝贝论坛 上海贵族宝贝 who is marketing the tower.

“It’s like Queens has finally made its mark in real estate,” he said.

Condos in the building start at slightly more than $600,000 for a studio on the third floor, and go up to $3.04 million for a two-bedroom on the top floor. The developer has not yet priced the penthouses on the upper floors, so the estimated sellout cold climb, Benaim said.

Xu earlier this year received a $502 million construction loan for the tower at 23-15 44th Drive from a group of banks including JPMorgan Chase.

His partne新爱上海同城对对碰论坛 上海同城对对碰交友社区rs on the project include FSA Capital’s Brian Pun, Hong Kong developer Risland U.S. Holdings LLC and Henry Yeung. Xu bought the site from Citigroup in July 2015 from $143 million. [Bloomberg] – Rich Bockmann

Tags: long island 阿爱上海同城 阿拉爱上海同城city, Queens, Residential Real Estate
We are having some technical difficulties. Try again later.

By clicking Subscribe you agree to our Privacy Policy.

[……]

Read more

Learn More →

Elevator Accidents NYC

Subscribers: Here s the info for today s call on elevator accidents TRD’s James Kleimann wi上海夜网论坛 上海夜网ll talk to reporters Kathryn Brenzel and David Jeans

Don t miss The Real Deal s conference call this Thursday at 2:30 p.m.!

Today at 2:30 p.m. (EST), subscribers will get an inside look at our January cover story a seven-month investigation on elevator accidents in New York. The Real Deal s James Kleimann, Kathr爱上海 爱上海同城手机版yn Brenzel and David Jeans will discuss exactly what has impeded the safety of the city s elevators in recent years, and more.

Cal上海千花网交友 上海千花网论坛l-in number: +1-阿拉爱上海同城 爱上海龙凤419桑拿510-338-9438
Access code: 626 424 967

Do you have questions about elevator safety? What would you like to know about TRD s reporting process? Email上海同城对对碰交友社区 上海夜网论坛 us at [email protected] or tweet at us.

Tags: department of buildings, elevators, Subscribers Only
We are having some technical difficulties. Try again later.

By clicking Subscribe you agree to our Privacy Policy.

[……]

Read more

Learn More →

Chinese Investment NYC

After years of unloading massive amounts of cash in NYC, Chinese investors are now pulling back amid new capital controls out of Beijing

(Illustration by Brian Stauffer)

Anbang Insurance Group s bid for Starwood Hotels Resorts Worldwide last year dropped like a bomb in the real estate and hospitality worlds. The Beijing-based insurance giant offered $13 billion for the company, seemingly out of nowhere.

The March 2016 bid came as the hotel megachain Marriott International was in the final throes of negotiating to buy Sta上海千花网论坛 上海千花网rwood for $12.2 billion. After a counteroffer by Marriott, Anbang upped its bid to $14 billion and seemed poised to be closing in on the priciest acquisition of a U.S. company ever made by a Chinese firm.

But those closely following Anbang had reason to doubt that it would seal the deal.

About a week after Anbang’s offer, news reports in China surfaced that government regulators would likely quash the deal because it would push Anbang’s overseas assets above the allowable 15 percent threshold for an insurance company.

And sure enough, on March 31, Anbang withdrew its bid without explanation. Starwood ultimately sold to Marriott as originally planned.

At the time, the failed deal seemed — at least to those not familiar with Chinese domestic policy — to be a case of an unpredictable investor stretching beyond its means. But in hindsight, it seems more like a foreshadowing of something bigger and more economically ominous: a regulatory crackdown by Beijing on capital leaving China. And that crackdown is now threatening the flow of cash into New York’s real estate market, among other U.S. industries and cities.

Since the end of 2016, Chinese regulators have rolled out a series of capital controls and other directives to help stabilize the country’s weakening currency and promote investment within China.

Those regulations have lowered the ceiling on how much money Chinese individuals and corporations can invest abroad.

The latest of those controls, which took effect in late 2016 and at the beginning of 2017, have had a quiet but significant ripple effect across the NYC market.

Residential brokers interviewed by The Real Deal said that in the last few months, some Chinese buyers have been unable to access their own cash — making it difficult for them to close deals. Meanwhile, commercial executives in New York said they’ve seen fewer Chinese institutions bid for trophy properties, while fund managers told TRD they’ve had difficulties raising money in major Chinese cities such as Shanghai and Beijing.

For New York, all of this amounts to some very unpleasant withdrawal symptoms.

Not only has the industry become heavily dependent on Chinese investment, but the real estate market here is at a less than optimal point. Projects throughout the city are already feeling the squeeze, and both the residential and commercial sectors are softening.

Wendy Cai-Lee, a former executive at East West Bank who recently left to start her own debt and e[……]

Read more

Learn More →

” biochemistry 2 ” Mod or adumbrative ” biochemistry 3 refashion edition ” part about?

Recently, sky blocking general ” biochemical crisis 2: Refashion edition ” brought good game to experience for new old player, a lot of players begin to pay close attention to now ” biochemical crisis 3 ” the message of refashion, and if not long ago blocks general sky to if the player needs,claim, they can make likely also ” biochemical crisis 3: Refashion edition ” . Although return,did not get at present ” biochemical crisis 3: Refashion edition ” exact message, but developer of a few Mod begins idle not to live, they developed new fund Mod again, in Mod, is model of role of the Er that overcome Lai replaced Cheng Jier? Walundian (design by EvilLord, download address: Click enter) , oppressor Mr X was replaced ” biochemical crisis 3: Nemean ” medium an eccentric person (design by Zero, download address: Click enter) . Video appreciation:
What Zero does in the Mod that he develops not just bureau be confined to replaces a model, interesting is, when the player that he still lets use this Mod encounters oppressor every time, can hear original ” biochemical crisis 3 ” in the sound that the your person of appearing that mark sex shudders. Of course, if do not have the hero in original work, “Biochemical crisis 3 ” Mod also can appear not complete. EvilLord is on the foundation of model of role of the Er that overcome Lai undertake redesigning, very good showed Jill? Mark sex dress of Walundi and hairstyle. Considering ” biochemical crisis 3 ” story setting also is installed in coati city, plus see ” biochemical crisis 2: Refashion edition ” after the role model of below setting a few Mod, actually not difficult also imagination gives players ” biochemical crisis 3: Refashion edition ” the specific about of role model. As to ” biochemical crisis 3 ” medium master consortium appears before the player with what kind of attitude, let our wait and see what happens. [……]

Read more

Learn More →

” ghost sob 5 ” producer: Game development already ended to have any new content no longer

” ghost sob 5 ” the accord that media and player won after put on sale reputably, sales volume side is very good also, two weeks sales volume exceeded put on sale 2 million. For contrast, of NT ” DMC: Ghost sob ” , in January 2013 put on sale, but till June 2018 sales volume just is achieved 2.4 million. ” ghost sob 5 ” at the beginning of this month when first content after achieving put on sale is updated, brought hematic palace mode, however this also is ” ghost sob 5 ” the last content is updated. Capcom is in early before this kind makes known his position, and producer Matt Walker made clear this thing on Twitter again recently. The player asked about a few problems recently, especially whether can be Weijier operated, and whether can have ” female DLC ” the content in waiting for a hearsay. Regretful is, walker undertook possibly to these two kinds denial, say game has content to replace a plan no longer. Nevertheless he also did not obliterate all hopes, say everything still needs to persuade the person above Capcom (high level) talent is promising, and he also hopes woman role can be used by the player one day in the future. Walker says: “Regretful is, we do not plan to be gone to again ” ghost sob 5 ” in add any content. As to ” biochemical crisis ” , I believe Capcom there more game are in in development, because ” biochemical crisis 2 refashion edition ” extraordinary success. Unfortunate is, ” ghost sob 5 ” development work has ended. I myself also want to see woman role can be used very much. The high level that we can hope in a certain moment we can persuade Capcom only is done so is worthiness. ” ” ghost sob ” series often rolls out special edition, ” ghost sob 3 ” , ” ghost sob 4 ” , ” DMC: Ghost sob ” have after put on sale roll out special edition. Special edition added new content. Considering ” ghost sob 5 ” so welcome, do not give special edition to feel not quite normal however instead. [……]

Read more

Learn More →

” ultimate survivor 2 ” chief inspector pushs hire especially: The help finishs game ending

In last month in and month out we ever had reported mischievous dog government affirms ” ultimate survivor 2 ” film the job has been finished, and look current the treatment work that works to filming is basic also and complete. The Anthony Newman of associated chief inspector of game is sent yesterday turn urgent action post, express to be badly in need of a talent ” the ending that assists the game that finish works ” . “We have the station with many very good treatment, the talent of these post will help us complete the development with this final game directly… I am special want to be carried mainly ‘ fighting at close quarters (battle royal) animation division ‘ this post, the good friend that I assure to you can trust with me produces the animation that exceeds assist together. ” we can are informed in the job announcement that issues from him, besides the animation stylist post that Anthony call-overs, still have operation the smooth effect that compose of harmonious, part builds stylist of division, environment, animation stylist, toll-gate / the post of the magnanimity such as design of environmental stylist, narrative script, system, programmer and UI. Before union of exposure ” ultimate survivor 2 ” the message that stylist is dug by Microsoft new atelier, this can’ts help making a person right in his mouth ” the development with final game works ” generation suspicion. And outside intermediary thinks generally, the general framework of game should be finished, before move catch film wait for material to also had reached the designated position, the talented person that mischievous now dog recruits more resembling is undertaking packing burnish for game, will look to be ending job really from this bit. No matter how, the E3 this year exhibits a stage ” ultimate survivor 2 ” new information most propbably is little not, the closest message presents an upbeat trend, perhaps game need not go really ” convoy PS5 ” . [……]

Read more

Learn More →

COD16 is composed affirm! Ever was in charge of ” AC is genetic ” ” anthem ” wait for game

As ” mission call 16: Modern war ” announce, also rise to surface gradually about each information of game and index. Today (2) Taylor Kurosaki of narrative chief inspector still was pushing the IW group that day is in charge of game to announce to the player especially ” mission call 16: Modern war ” dub in background music takes on — Sarah Schachner. About this female composer, although do not have the name that has heard of her, also should be to many players ” old friend ” . The responsible work of her near future has ” mission call 13: Infinite war ” , ” assassin credo: Genetic ” and the anthem this year. The OST music item that she makes for anthem awards prize in the TGA 2018 celebration also is performed by symphony orchestra spot, harvested Man Tangcai. At the same time Sarah also became the 2nd to differ for two ” mission call ” the composer of music of series work music, of her individual push special next also emerge in large numbers large quantities of series vermicelli made from bean starch undertake thank and be encouragemented to its. The nowadays promotion as hard software environment, player to game the demand of each respect quality is higher and higher also. Move inspect IW to give veteran this to go into action please, whether add color for game? ” mission call 16: Modern war ” will issue formally on October 25, land platform of Xbox One, PS4, PC (battle net is exclusive) , expect please. [……]

Read more

Learn More →

Do not wear briefs intentionally to expose one’s body panda TV female advocate sow be sealed to ban to 2038

Current, platform of each big direct seeding increased superintendency strength in the light of the direct seeding of low common content, but because the interest is driven, still have individual female advocate sow risk danger in desperation.

Be in just, panda TV appears suddenly what an ID is hare of hare of beat on the buttocks is female advocate the move that sow a back screen sticks up a fart suddenly, had not worn briefs unexpectedly, be seen for an instant by everybody below smooth. From the point of the picture, female advocate sow seeming is to seeking what thing, but it is intended apparently.

[……]

Read more

Learn More →