Monthly Archive: June 2019

Tom Clancy Baltimore

Intelligence reports reveal a shocking price chop at Tom Clancy’s penthouse The Ritz Carlton apartments first hit the market for $12M; they are now asking $8.7M

The home of the late writer of military thrillers, Tom Clanc上海夜网论坛 上海夜网y, has just a received dramatic price chop.

Last fall, Clancy’s Baltimore penthouse hit the ma上海贵族宝贝论坛 上海贵族宝贝rket asking $12 million. That ask was later slashed to $10.9 million. Now, the home of the “Clear and Present Danger” author上海同城对对碰交友社区 上海夜网论坛 is asking just $8.7 million, Shawn Breck of TTR Sotheby’s International Realty Told The Wall Street Journal.

Tom’s widow, Alexandra Clancy, is planning to move out of the penthouse soon and “it’s time to make something happen,” Breck told the Journal.

The 12,000-square-foot, five-bedroom penthouse, located at the Ritz-Carlton Residences in Baltimore’s Inner Harbor, is actually a combination of four apartments. The Clancys purchased the three initial units in 2009 for $12.6 million, which was a record at the time.

The following year, they purchased another three for $4 million. Four of those six apar爱上海同城 爱上海tments were combined to create the current listing. The r新上海贵族宝贝论坛 上海贵族宝贝交流区emaining two units are currently rents and are not for sale [WSJ] –Christopher Cameron

Tags: celebrity real estate
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FiDi market report

The week in real es上海千花网 爱上海同城对对碰tate market reports A weekly feature bringing you the industry’s latest intel

According to the most recent New York City market reports, housing demand nationwide is at its highest since 2013 and the median sales price in the Financial District dropped by 17.6 percent last year.

Residential

Residential sales | REBNY
The average residential sales price citywide increased by 11 percent in 2016, while home sales volume slipped 8 percent in Manhattan and 1 percent in Brooklyn. Read the full report here.

The Aggregate | Town Residential
Get the year-end numbers for market-wide residential sales of condos and co-ops, and a breakdown by neighborhood. Read the full report here.

Luxury sales | Olshan Realty
There were 13 luxury contracts sold last week, the lowest volume since 2010, for a total of $100.5 million. Read the full report here.

East End home sales | Corcoran Group
In the last quarter of 2016, commercial properties in the North Fork doubled in price, and increased 92 percent in South Fork, relative to the fourth quarter of 2016. Residential sales volume dropped 24 percent in the South 爱上海同城 爱上海Fork, and remained fairly steady in the North Fork. Read the full report here.

FiDi sales and rentals | Platinum Properties
Median sales price in the Financial District declined 17.6 percent in the fourth quarter of 2016 to $900,000, compared to the same period in 2015. However, median price per square foot increased 10 percent. Read the full report here.

Housing demand inde[……]

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Brooklyn Luxury Market

Deals like the $15M Dumbo Clock Tower sale could set a new precedent for big-ticket buys

The $15 million sale of the triplex penthouse at the Clock Tower set a new price record for condos in Brooklyn.

It can take years to shatter a New York City sales record, but in Brooklyn s red-hot condo market, a trio of deals has raised the bar several times in the past six months.

Most recently, the triplex penthouse at the Clock Tower building in Dumbo traded hands in late March for $15 million. That came on the heels of the $10.67 million paid for a condo at 上海千花网论坛 上海千花网Pierhouse just weeks earlier. Before that, the priciest condo deal was at the $8.1 million penthouse at 1 John Street in October 2016.

In the case of the Clock Tower, brokers said that w上海夜网论坛 上海夜网hile the 7,000-square-foot trophy pad’s sale price isn’t quite reflective of a new market realty, the deal is an endorsement of Brooklyn’s high-end market.

“If you had said 10 years ago that there’d be a $15 million sale — for a condo or any residential property — that would have been unheard of,” said Zach Ehrlich, founder of residential brokerage Mdrn.

He added that the Clock Tower sale is likely to trigger other deals, because buyers tend to move with a “herd mentality.”

To date, a Cobble Hill townhouse at 177 Pacific Street holds the distinction of being the borough’s priciest sale, after trading for $15.5 million in 2015. But there are pending deals nipping at its feet.

In January, Kushner Companies’ townhouse at 27 Monroe Street — las[……]

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Agent Poaching NYC

Top broker poaches of 2017 From Stolly to Shemesh, we recap the year in resi and commercial agent moves

From left: Tamir Shemesh, Vickey Barron, Eric Anton, David Gorelick and Robin Abrams

Unlike previous years, when major players jumped from one firm to another, big-name agents largely stuck with their firms this year.

On the residential front, Vickey Barron, who left Douglas Elliman for the Corcoran Group in June, was a key exception. Another notable shuffle between Elliman and Corcoran was Tamir Shemesh, who left Corcoran after a spat with the firm’s top management.

As for Compass, which has aggressively courted agents in recent years, the venture-backed firm poached Brian Lewis, a Halstead Property veteran, for its new Upper West Side office. But Compass snagged fewer big-name players in New York than it did in prior years as it focused on recruiting brokers in new markets across the country.

In commercial real estate, there were no shakeups along the lines of Doug Harmon and Adam Spies’ shocking move from Eastdil Secured to Cushman Wakefield. But there was still a flurry of musical chairs in several areas: investment sales, financing, and office and retail leasing.

Several of the year’s more interesting commercial broker moves were not from one brokerage to another, as they traditionally are. Some jumps were to or from investment firms. For example, Mark Jaccom joined Walter Samuels (from JRT Realty, and from Cresa before that), and Mo Beler left Innovo Property Group (for JL[……]

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Real Estate Technology

Here’s why NYC’s construction industry isn’t crazy about robots Experts say it’s still too early to introduce robots onsite

Illustration by Daniel Nyari

A remote-controlled demolition robot knocking down New York City structu阿拉爱上海同城 爱上海龙凤419桑拿res in broad daylight might sound like the stuff of science fiction, but it happened just a few weeks ago at the corner of 33rd Street and 10th Avenue. And it was done to make way for Related Companies’ 30 Hudson Yards.

The machine’s creator is Brokk — a 35-year-old company based near Seattle that manufactures remote-controlled demolition machines traditionally used in the mining industry. And it was employed by AECOM Tishman, the general contractor on the 90-story office tower project. AECOM has a robotics task force that identifies usable technology and brings it to its sites, 上海同城对对碰交友社区 上海夜网论坛said Michael Lorenzo, the firm’s director of emerging technologies.

Still, so far construction workers donning hard hats have little to worry about in New York, where these construction robots are still rare.

But a few startups are looking to bring more robots to the construction industry.

Barrett said his fir爱上海同城 爱上海m has had talks with the architectural tech consultancy Asmbld about mobile robots that paint walls and pour concrete and is considering investing in joint research and design. But, as of now, the constructi爱上海同城论坛 爱上海同城on gia爱上海同城对对碰 爱上海同城论坛nt isn’t using any of the machines on its projects.

“We’re cautious about introducing robots into our job sites because you real[……]

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One Vanderbilt

It s filling up: Law firm signs big lease at SL Green’s One Vanderb上海龙凤论坛 新上海贵族宝贝论坛ilt McDermott Will & Emery will move into building, which is now about 31% leased

Marc Holliday and One Vanderbilt

SL Green Realty has landed another tenant for its project at One Vanderbilt: Chicago law firm McDermott Will Emery.

The company has signed a lease for 106,000 square feet at the project, which should be finished in 2020 and stand 1,401 feet tall, according to the Wall Street Journal. The building is now 31 percent leased, and SL Green hopes to have it 37 percent leased by the end of the year.

Asking rents for McDermott Will’s floors were more than $160 上海千花网论坛 上海千花网per square foot, almost double the average Midtown rent of about $80 per square foot. However, SL Green still maintains they can fully lease the building due to its location and layouts. Amenities include conference spaces, an auditorium, an 爱上海同城手机版 新爱上海同城对对碰论坛outdoor terrace and a restaurant from ch上海千花网交友 上海千花网论坛ef Daniel Boulud.

Although Midtown’s traditional office neighborhoods have faced more competition in recent years from places like Hudson Yards, the Grand Central area has still been holding its own and landed a big win earlier this year when JPMorgan Chase announced plans to demolish its building at 270 Park Avenue and construct a new 2.5 million-square-foot headquarters.

Other leases at One Vanderbilt include the law firm Greenberg Traurig, which signed a deal for more than 130,000 square feet, and TD Bank, 阿爱上海同城 阿拉爱上海同城which signed a 200,000-squ[……]

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Jean Nouvel

WATCH: Jean Nouvel on fitting 53W53 into NYC s skyline, architecture as art and more

The architect behind 53 West 53rd wanted the tower to be synonymous with New York City, to be a building that couldn t easily be slipped into another skyline.

A worldwide catastrophe today is the number of buildings that are parachuted because they were preconceived. Offices, housing, shopping malls all look the same, Jean Nouvel told The Real Deal, translated from French. If you travel around the world you won’t know where yo爱上海同城 爱上海u are because buildings are rootless. They don’t have any roots.

The starchitect — whose projects include 100 Eleventh Avenue, the Louvre Abu Dhabi and Doha Tower — sat down with TRD earlier this month to discuss his latest work on Billionaires Row. The project topped out this month, reaching 1,050 feet tall.

The condo tower is being 爱上海 爱上海同城手机版developed by Hines, Pontiac Land Group and Goldman Sachs. Current prices at the tower, which has a $2.1 billion projected sellout, range from about $3 milli爱上海同城对对碰 爱上海同城论坛on to $42.5 million.

Video 上海千花网龙凤论坛 上海千花社区produced by Jhila Farzaneh.

Tags: Architecture and Design, jean nouvel, starchitect, Videos
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AllianceBernstein

AllianceBernstein checking out
Tishman Speyer’s Spiral Financial firm is looking for as much as 250K sf in the city as it moves HQ to Nashville

AllianceBernstein CEO Seth Bernstein and the Spiral at上海贵族宝贝 上海千花网龙凤论坛 66 Hudson Yards上海贵族宝贝论坛 上海贵族宝贝 (Credit: AllianceBernstein and Tishman Speyer)

AllianceBernstein, which 上海千花网龙凤论坛 上海千花社区is relocating its headquarters to Nashville, is considering moving its New York offices to Tishman Speyer’s Hudson Yards development.

The financial giant is considering space at the Related Companies’ 50 Hudson Yards and Tishman’s The Spiral – the latter of which seems it may get the go-ahead, the New York Post reported.

“It’s about the future of its workplace and its image,” one person who is familiar with the company’s search told the Post. “These are very high-quality new construction buildings with extraordinary spaces, glass and infrastructure.”

AllianceBernstein could also remain in its current building, Fisher Brothers’ 1345 Sixth Avenue.

The financial firm leases nearly 855,000 square feet in the tower, but does not occupy all the space. The company announced in May that it will relocate its headquarters and 1,050 employees to Nashville, citing the上海千花网龙凤论坛 上海千花社区 city’s lower cost of living and quality of life.

“From a price perspective it’s very attractive relative to what we anticipated and what we expected to see here in New York,” company president and CEO Seth Bernstein said at a Goldman Sachs conference last week.

Here in New York City, the company has an assignment[……]

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