Howard Marks

Howard Marks wants judge to seal court records for 740 Park lawsuit Billionaire’s neighbors claimed th爱上海同城论坛 爱上海同城ey lost sleep because of Marks’ lengthy co-op renovations

Howard Marks and 740 Park Avenue

A legal skirmish between feuding neighbors at 740 Park Ave上海千花网 爱上海同城对对碰nue proves it: all the money in the world can t buy peace and quiet or anonymity in New York City.

Billionaire financ爱上海同城论坛 爱上海同城ier Howard Marks is asking a judge to keep the details of a lawsuit over renovations at his co-op unit from hitting the press, claiming in legal papers that he’s worried about privacy.

Marks’ neighbors at 740 Park Avenue, semiconductor mogul Hamburg Tan and wife 上海贵族宝贝论坛 上海贵族宝贝Miranda, sued the Oaktree Capital head, claiming they suffered “sleep deprivation, anxiety and depression” because of lengthy renovations, the New York Post reported. Last year, a New York Supreme Court judge issued an order to limit the the amount of time per day Marks could carry out his years-long construction work.

Marks now wants the Manhattan judge to seal a letter and exhibit in the case. The Tangs, however, want the information to remain public.

“Defendant Marks has made personal revelations and disclosed intimate details about his homes when he stood to gain worldwide publicity and financial gain,” they said in court pape上海同城对对碰交友社区 上海夜网论坛rs, according to the newspaper, referring to Marks’ decision to feature the apartment in magazine Architectural Digest.

Jennifer Rearden, an attorney for Marks, said all renovations were complet[……]

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Ann Taylor parent c上海千花社区 上海千花网交友ompany renews lease at 7 Times Square Retailer occupies 300K sf in Bo阿拉爱上海同城 爱上海龙凤419桑拿ston Properties, Norges tower

Doug Linde and 7 Times Square

The pa上海千花网 爱上海同城对对碰rent company of fashion retailer Ann Taylor renewed its lease at Boston Properties’ 7 Times Square.

Boston Properties president Doug Linde said during the company’s third-quarter earnings call Thursday said Ann I上海贵族宝贝交流区 上海贵族宝贝论坛nc., which also owns the brand Loft, just signed the deal “this week”, the Commercial Observer reported.

Linde didn’t provide much detail on the deal, but CoStar Group shows the tenant occupies roughly 300,000 square feet across three floors in the 47-story tower, according to the CO.

The company signed a 15-year lease to anchor the 1.3 million-square-foot tower between West 41st and West 42nd Streets in 2004. The lease was set to expire in 2020.

Boston Properties executives said they provided Ann Inc. with a free rent period in 2008 as a sweetener to sign a long-term renewal.

Boston Properties owns 7 Times Square with the Norwegian sovereign wealth fund Norges Bank, which paid $684 million in 2013 to acquire新爱上海同城对对碰论坛 上海同城对对碰交友社区 a 45 percent stake in the property. [CO] – Rich Bockmann

Tags: Boston Properties, Commercial Real Estate, Office Leasing, Retail Real Estate, Time Square
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WeWork co-founder on $2爱上海同城手机版 新爱上海同城对对碰论坛0B valuation: “Who gives a shit? Miguel McKelvey was also surprised by reaction to Lord & Ta上海千花网 爱上海同城对对碰ylor deal

Miguel McKelvey

WeWork’s $20 billion valuation is the talk of the town, but the company’s co-founder Miguel McKelvey is evidently tired of hearing about it.

“You can say OK it’s your opinion I’m overvalued or undervalued. Like, who gives a shit? It doesn’t affect me and the business I’m trying to do,” he said at a [email protected] event Tuesday night. “Valuation does not come into the equation. So why do we even need to be in that discussion? I don’t care. Everyone else in the world [can] discuss it.”

McKelvey’s claim is debatable, to say the least. The co-working company’s valuation allowed it to raise billions from investors under favorable terms. Earlier this year, the company landed a $4.4 billion investment from Japanese conglomerate SoftBank, in part to fuel its expansion into Asia.

McKelvey described the firm’s foray into Japan as a kind of cultural crusade. “Let’s just say that work culture in Japan is messed up, right, I think that a lot of people would agree with that,” he said. “We’re looking at it as entering the market to help shift that reality.”

McKelvey reiterated that the company doesn’t see itself as a co-working company, but as a “community company” involved in several different business lines and acknowledged that this can sound vague. “It’s hard to go home for Thanksgiving and explain what WeWork is,” he said.

In rece[……]

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Hamptons Cheat Sheet: Legendary ballerina lists Bridgehampton home for $37M, East Hampton megamansion s price slashed to $65M more

Clockwise from left: Famed ballerina Sono Osato puts her home on the market, mega-mansion shaves $5 million off its $70 million ask, Mel Brooks former home returns to the market.

Legendary ballerina lists Bridgehampton summer home for $37M
The family of famed ballerina Sono Osato have listed the 98-year-old dancer s summer home for $37 million, the Wall Street Journal reported. The home sits on about four acres and spans 7,200 square feet with five bedrooms (each featuring a fireplace), five bathrooms, three half-baths, a ten爱上海 爱上海WIFInis court and a pool. Debora爱上海同城手机版 新爱上海同城对对碰论坛h Srb of Sotheby’s International Realty is handling the listing. [TRD]

About $5M shaved off $70M price tag for East Hampton megamansion
The 13,626-square-foot oceanfront estate in East Hampton is going for $65 million. The oceanfront home has seven beds, nine-and-a-half baths, a custom Valucine kitchen, an oceanside lap pool, a two-car garage and hides behind 20-foot hedges. Last sold in 2005 for $19.2 million, the home is back on the market under Douglas Elliman s Tal Alexander. [Curbed]

Meeting for Montauk parking lot paving proposal flooded with Joni Mitchell references 
The East Hampton Town Board is weighing whether to pave over a dirt parking lot serving Ditch Plain Beach. The board authorized a bond isssue of up to $250,000 while pointing out the money doesn t guarantee any commitment t[……]

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Feil Org. sues architect over bungled Billionaires’ Row conversion Landlord seeking $12.5M in damages from Goldste上海千花网论坛 上海千花网in, Hill & West

140 West 57th Street and Jeffrey Feil

The Feil Organization is suing its architects over a botched plan to convert a Billionaires’ Row office building into condominiums.

The landlord claims architects at Goldstein, Hill West missed zoning restrictions that limited the scope of the planned conve阿爱上海同城 阿拉爱上海同城rsion of 140 West 57th Street, the New York Post reported.

Feil bought the 14-story, 80,000-square-foot building from Harry Macklowe in 2009 for $59 million, and in recent years stopped renewing leases with office tenants as it planned to empty out the building to make way for a residential conversion.

The zoning lot and development agreement covering the property and spelling out just what Feil can build there has been in place since 1984, public records show.

Feil hired Goldsein, Hill West in 2015 to conduct a feasibility study and spent $12.2 million on plans. But the architecture firm allegedly didn’t take into account zoning restrictions that 阿爱上海同城 阿拉爱上海同城limit the height of t上海贵族宝贝论坛 上海贵族宝贝he building and what could be done on the roof, according to the Post.

The landlord is suing for $12.5 million in damages. [NYP] – Rich Bockmann

https://nypost.com/2018/04/28/architects-bad-condo-conversion-plans-cost-me-12m-suit/

Tags: Billionaires Row, Commercial Real Estate, feil organization, goldstein hill & west
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Open

Alone together: Study says open-plan offices might make us anti-social Office design might lead to less in-person interaction

A silhouette of someone staring at their computer screen (Credit: Pexels and iStock)

The fact that you can see all of your co-workers doesn t necessarily mean you re going to talk to any of them.

According to a new study by Harvard University, open-plan offices might actually deter employees from working together. Instead, workers are more likely to communicate by instant messaging and email, the New York Post reported.

But there s a caveat: The study only looked at two Fortune 500 companies. At one company, after doing away with cubicles, employees spent an average of 1.7 hours on in-pe上海夜网论坛 上海夜网rson interactions. That s down from the average 5.8 hours they spent when walled off from each other, according to the report.

At the second 爱上海同城对对碰 爱上海同城论坛company, in-person interactions decreased by 67 percent. According to one of the study s researchers, Ethan Bernstein, people working in open-plan offices might feel more self-conscious. Feeling that they need to constantly look busy, the上海千花网交友 上海千花网论坛y avoid eye contact and stare at their computer screens.

“On the one hand, it is hard to believe that people would not have a more vibrant and interactive experience when they work in an open office,” researcher Ethan Bernstein said.上海同城对对碰交友社区 上海夜网论坛 “On the other hand, I’ve spent enough time on the (subway) at rush hour to see that being packed together doesn’t necessarily 上海夜网 阿爱上海同城lead[……]

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Rahm Emanuel

As brutal cold grips city, mayor invokes emergency powers against bad landlords City workers will make repairs to ensure rental units have heat — and then bill the property owners for the work

Chicago apartment buildings in winter (Credit: iStock)

With the city locked down amid wind chills pushing 50 degrees below zero, Mayor Rahm Emanuel issued a rare order Wednesday instructing building inspectors not to wait for permission from landlords before fixing heating systems in rental buildings that violate city code.

The mayor directed buildings department Commissioner Judy Frydland to “use her police powers” to “to restore heat in buildi上海贵族宝贝 上海千花网龙凤论坛ngs where landlords are failing to do their jobs,” Emanuel said in a press release.

The frigid weather forced local courts to close Wednesday and Thursday, but city leaders “are not waiting 48 hours … to hold landlords accountable,” Emanuel said.

The city’s heat ordinance requires apartment owners to maintain daytime temperatures of 68 degrees or higher, and nighttime tempera新上海贵族宝贝论坛 上海贵族宝贝交流区tures of at least 66 degrees. Earlier t爱上海同城 爱上海his month, city officials said they had received more than 600 tenant complaints about cold units and were taking legal action against 10 landlords, according to NBC Chicago.

In cases when landlords don’t abide by the ordinance, city attorneys usually ask judges to appoint a “receiver” to make emergency repairs, officials said. But with courts closed, the buildings department is appo上海千花社区 上海千花网交友inting maintenance workers on[……]

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Mel Gibson trims Malibu estate asking price to $15M Gibson first listed the five-acre estate for $18M in 2017

Mel Gibson and his Carbon Mesa Road home (Credit: Getty Images上海龙凤论坛 新上海贵族宝贝论坛 and Interior Pixels)

Controversial actor Mel Gibson has cut the asking price on his Malibu estate by another 9 percent to $15 million and hired new agents to sell it.

The 6,600-square-foot home sits on five acres in a canyon off Carbon Mesa Road and has exposed wood beams, large fireplaces, and hardwood floors, according to the Los Angeles Times.

Gibson first listed the secluded home in 2017 f上海龙凤论坛 新上海贵族宝贝论坛or $17.5 million. He cut the price to $16.5 million last February.

Damon Skelton and Brit Elizondo of Compass had the listing at the time. Now, Sandro Dazzan of the Agency and Hilton Hyland’s Branden Williams have the listing.

The home has five bedrooms and four bathrooms and is reportedly filled with religious artwork. Gibson is a staunch Christian. A buyer receives rights to a membership of the La Costa Beach and Tennis Club, which costs around $100,000 on top of annual dues.

The Academy Award-winning actor purchased the home about a decade ago from actors David Duchovny and Tea Leoni. At the time, Gibson was just coming out of a four-year period without work following a 2006 drunk driving incident in which he launched into an anti-Semitic tirade.

Despite some other incidents, including the use of hateful language to refer to black people, Gibson has found acce上海夜网 阿爱上海同城ptance again in Hollywood, particularly sinc[……]

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Pension fund manager gets $500M refinancing on national portfolio Charlotte-based FCA Partners used 19 buildings as collateral, including the U.S. Cellular Plaza near O’Hare

U.S. Cellular Plaza and Wells Fargo interim CEO C. Allen Parker (Credit: Colliers and Wells Fargo)

UPDATED, May 10, 4:30 p.m.: FCA Partners, an investment manager that counts one of the country’s top pension funds as a client, refinanced a national portfolio of commercial and residential property for $500 million.

Wells Fargo led a syndicate of banks in providing the loan, including Capital One, U.S. Bank, PNC, and TD Bank. The loan is a revolving credit facility that matures in three years.

The deal closed l阿拉爱上海同城 爱上海龙凤419桑拿ate last month and was just filed in public records.

A mix of 19 office, retail and apartment buildings in nine states secured the loan. Collectively, the portfolio makes up more than 1,500 residential units and 3 million square feet of office and retail space, according to descriptions of the buildings on FCA’s website.

The biggest of those assets is U.S. Cellular Plaza in Chicago, a 637,000-square-foot complex in the desirable office corridor around O’Hare Airport. Telecom giant U.S. Cellular expanded its lease to nearly half of the complex in 2016, according to Crain’s.

FCA is managing the property for the Ohio Public Employees Retirement System, a pen阿爱上海同城 阿拉爱上海同城sion fund.

The facility consolidated a number of different financings on our portfolio into a single credit facility with a first class grou[……]

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