Build It Back NYC

City pays $2M in settlement with Sandy subcontractor Stringer claims URS Corporation did shoddy work

A NYC home damaged by Hurricane Sandy

City Hall paid $2 million in a settlement to a subcontractor it had accused of shoddy work during the post-Hurricane Sandy recovery effort.

The City hired San Francisco-based URS Corporation under the Build it Back program to manage applications for aid under the program, and paid the firm $3.5 million for its work in mid-2013. In a 2015 audit, Comptroller Scott Stringer’s office alleged that the firm had used unqualified employees, sent out incomplete applications and billed the city for incomplete jobs. But the firm had claims of $5.4 million against the city, and Stringer’s offic上海千花社区 上海千花网交友e cl上海贵族宝贝交流区 上海贵族宝贝论坛aims it had no choice but to sett上海千花网交友 上海千花网论坛le.

That shoddy oversight and incompetent management has fundamentally exposed the city to legal claims — and therefore spawned this settlement, a spokesperson said in a statement. While families will still be in exile from their own living rooms this Thanksgiving, those running Build It Back have put the city in 上海贵族宝贝交流区 上海贵族宝贝论坛a tenuous legal position directing contractors to perform work off-contract.”

In its 2015 audit, Stringer had called the entire subcontracting system in the wake of the 2012 Hurricane a case study in dysfunction. [DNAinfo] Konrad Putzier

Tags: Hurricane Sandy
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3 Riverside Drive

Kleeberg mansion set to hit auction block Townhouse at 3 Riverside Drive was first listed for $40M in 2012

Kleeburg Residence at 3 Riverside Drive

After a series of price reductions, an Upper West Side mansion known as the Kleeberg Residence will be auctioned off later this month.

The five-story, eight-bedroom house at 3 Riverside Drive has been on and off the market for years, the Wall Street Journal reported. Now, with the owner facing foreclosure, the house will be sold to the highest bidder on Dec. 20th. It s expected to fetch between $13 and $16 million, according to the paper.

The townhouse which spans nearly 11,000 square feet was first listed in 2012 for $40 million. Over the years the price has been reduced six times. It has been listed for both $36 上海龙凤论坛sh1f 上海龙凤论坛mil上海同城对对碰交友社区 上海夜网论坛lion and $27.5 million. In March, the price was cut to $22 million. In October, it was asking $18.5 million, the Journal reports.

The townhouse, which was designed in the French Renaissance Revival style by architect C.P.H. Gilbert and was completed in 1898, has 18 rooms, four terraces, six bedrooms and nine gas fireplaces. It also has a pool and full gym.

上海贵族宝贝论坛 上海贵族宝贝The current owner is real estate developer Regina Kislin, who paid $2.6 million for the property in 1996. Kislin spent years restoring the home. Since 2013, she has been facing a foreclosure action on a $4 million mortgage on the 37-foot-wide townhouse. The property is selling through Concierge Auctions in cooperation with Daniel Joory and[……]

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Jared Kushner

Kushner failed to mention meetings with Russians in FBI disclosure form News comes as federal investigators probe contacts between Trump campaign and Moscow

Jared Kushner and Sergey Kislyak (Credit: Getty Images)

Jared Kushner failed to disclose meetings with Russia’s ambassador and the head of a Russian state-owned bank when he sought security clearance for his White House job.

Kushner’s lawyer Jamie Gorelick told the New York Times the omission was an error. National security officials who fail to disclose contacts with foreign government officials in an F.B.I. questionnaire can lose their security clearance, but they are often allowed to submit supplemental information.

Kushner’s contacts with Russia matter上海龙凤论坛 新上海贵族宝贝论坛 because the FBI is currently invest上海贵族宝贝 上海千花网龙凤论坛igating whether the Trump campaign colluded with the Russian government to influence the outcome of the 2016 U.S. presidential election.

Kushner formally left his family real estate firm in January to become a 上海千花网交友 上海千花网论坛senior adviser to Donald Trump. The meetings with ambassador Sergey Kislyak and Sergey Gorkov, the head of Vnesheconombank, took place上海贵族宝贝 上海千花网龙凤论坛 in December新上海贵族宝贝论坛 上海贵族宝贝交流区. Vnesheconombank has been under sanctions in the U.S. and in Europe.

Kushner claims he did not discuss sanctions in place against certain Russian individuals and financial institutions, including Vnesheconombank, with Gorkov. A senate investigations committee said late last month it plans to question Kushner over whether he sought financing for 666 Fi[……]

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John Catsimatidis Fairway

Catsimatidis in talks to buy rival NYC grocer Fairway Market The supermarket has 15 locations

John Catsimatidis and Fairway Market

Real estate and grocery store billionaire J爱上海同城对对碰 爱上海同城论坛ohn Catsimatidis is looking to expand his empire.

The Gristedes supermarkets owner is engaged in “informal discussions” with GSO Capital Partners, the owner of rival grocer Fairway Market, according to the New York Post.

However, Catsimatidis tells the Post the a deal is not “imminent.”

“We put out feelers that we had interest before they went bankrupt and after,” he said. “I’ve been in the food business for 50 years and if opportunities come by — especially in the city — we will take a good look at it.”

Catsimatidis has explored buying the chain of 15 stores in the past. In May 2016, Catsimatidis made an offer after Fairway filed for Chapter 11 reorganization. GSO Capital, which is owned by the Blackstone Group, beat him out.

“We are proud of the positive changes management have implemented at Fairway and are committed to turning around and growing the business,” Paula Chirhart, a spokeswoman for Blackstone told爱上海龙凤419桑拿 上海龙凤论坛sh1f the Post.

Last month, Catsimatidis revealed that he has plans to install a street car at his Coney Island project on Surf Avenue. [NYP] – Christopher Cam上海千花网龙凤论坛 上海千花社区eron

Tags: Commercial Real Estate, fairway m上海千花网 爱上海同城对对碰arket, John上海千花网 爱上海同城对对碰 Catsimatidis
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New Jersey Retail

Mixed-use is the new mall. Case in point: New Jersey s new Riverton project Scrapped plans for a New Jersey mega-mall proves it

(Pixabay, back; Wikimedia Commons, front)

What was supposed to be a 2.2 million-squar上海龙凤论坛sh1f 上海龙凤论坛e-foot mall with enough digital signage to compete with Times Square in Sayreville, New Jersey is now, pen上海千花社区 上海千花网交友ding approvals and securing financing, going to be mixed-use waterfront pedestrian zone called Riverton.

The change of direction for the $2.5 billion project came from a new partner, North American Properties, which convinced the team to rethink its mega-mall concept, according to the Wall Street Journal.

“We can no longer just lease space to retailers who just sell上海贵族宝贝论坛 上海贵族宝贝 stuff. They will fail and we will fail,” said the new partner s Mark Tor上海同城对对碰交友社区 上海夜网论坛o.

Instead, North American Properties convinced its partners to follow the lessons learned from one of their recent developments in Alphareta, Ga., which opened this year.

The mixed-use project in an Atlanta suburb had both residential and public elements, such as an amphitheater and fire pits with home-like furnishings, but what made the project stand out was the amount of programming the company did. The Alphareta project hosted recreational events and entertainment, such as concerts and yoga classes, on a regular basis.

“We’ve got to be able to provide an experience for our guests to get them to come to the property,” said Toro. Riverton is expected 上海贵族宝贝论坛 上海贵族宝贝to be completed in 2021.

[WSJ] E.K. Hu[……]

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London Commercial Sector Prices

(Credit: Pixabay, Pexels)

Bulls and bears alike are scrambling to secure their positions in a more and more uncertain London.

What everyone can all agree on and what the Wall Street Journal put into words London real estate has undergone correction. In Central London, property values have fell by between 5 and 10 percent, while public landlords tra爱上海 爱上海同城手机版ding levels intuit a decrease of 20 to 30 percent, according to Green Street Advisors.

But is the correction over? It depends who you talk to.

Houston developer Hines is feeling bullish; the company is planning to start buying properties again this year and, according to Lars Huber, Hines chief executive in Europe, they re underwriting deals too.

CBRE Global Investors, on the other, hand plan to be net sellers, as the firm s UK head of research Andrew Angeli put it.

Complicating matters are, of course, the politics of the situation.

Three years ago, when the market started to soften, investors swarmed it in 新爱上海同城对对碰论坛 上海同城对对碰交友社区search for deals, but then Brexit happened and suddenly the surety that London would always be a bustling hub was thrown into qu上海千花网龙凤论坛 上海千花社区estion. Then, just as investors were just getting relatively comfortable with the unknowns of the upcoming divorce (largely thanks to continued investment from hefty foreign buyers), the threat of a 爱上海同城论坛 爱上海同城change in government, from Theresa May s Conservatives to Jeremy Corbyn s Labour Party, began to loom large.

All that s certain, according to Huber, is that the market that has[……]

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David Amsterdam

Massey’s campaign manager David Amsterdam joins Colliers SL Green alum tapped as president上海龙凤论坛 新上海贵族宝贝论坛
上海同城对对碰交友社区 上海夜网论坛

David Amsterdam

 

Paul Massey’s former mayoral campaign manager D爱上海同城论坛 爱上海同城avid Amsterdam is joining Colliers International as president responsible for leasing, investments and the Eastern U.S., the company announced Thursday.

Amsterdam will head Colliers’ offices in New York, Boston and Washington, D.C.

Massey tapped Amsterdam to manage his long-shot bid for mayor in June 2016, but dropped out a year later amid disappointing polls and a lack of funding.

Prior to his brief stint in politics, Amsterdam spent five years at SL Green Realty, where he was a vice president in charge of leasing.

Yesterday, The Real Deal reported that Brookfiel爱上海 爱上海同城手机版d Property Partners leasing executive James Malone is joining Colliers.  Konrad Putzier

Tags: Colliers International, Commercial Real Estate
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Houston retail strong amid nationwide closures

Houston has managed to avoid the impact of a national retail downturn, according to CBRE’s first q上海同城对对碰交友社区 上海夜网论坛uarter numbers. The city posted a 94.4 percent occupancy rate, thanks to a tightening market, strong absorption and heavy pre-l新爱上海同城对对碰论坛 上海同城对对碰交友社区easing deliveries, Bisnow reported. Rising land and build costs could create more competition, but overall, moderate gro阿爱上海同城 阿拉爱上海同城wth is expected, according to CBRE’s report. [Bisnow]

Tag新上海贵族宝贝论坛 上海贵族宝贝交流区s: National
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Isaac Hager

Isaac Hager sells Crown Heights development site for $40M Property is subject to a rezoning that 上海贵族宝贝论坛 上海贵族宝贝could clear the way for a 390-unit rental building

From left: Carmel Partners Ron Zeff, a rendering of 40 Crown Str上海同城对对碰交友社区 上海夜网论坛eet and 931 Carroll Street in Brooklyn, and Meridian Investment Sales’s Lipa Lieberman (Credit: Privcap, CityRealty, and NYREJ)

Isaac Hager’s Cornell Realty Management sold off a piece of its 565-unit Crown Heights development site to Carmel Partners for roughly $40 million, sources told The Real Deal.

Carmel paid a little more than $40 million, sources said, for the vacant lot at 46 Crown Street, where the developer can build a 390-unit rental building if a controversial rezoning gets the green light.

Representatives for Carmel Partners couldn’t be immediately reached for comment, and Hager declined to comment. Source said Meridian Capital Group’s Lipa Lieberman represented Hager in the deal. He also declined to comment.

Hager bought the site — which includes the adjacent property at 135 Montgomery Street — in 2014 from the Central Service Laundry Corporation, property records show. The company operated a cleaning service out of a warehouse on the lot and owned another property two blocks away at 931 Carroll Street, which it als新上海贵族宝贝论坛 上海贵族宝贝交流区o sold to Hager at the same time.

About two years later, Hager filed an application in 2016 with the city to upzone both lots to allow for larger and taller residential buildings.

If approved, the new zoning would allo[……]

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$33M sale of Rockefeller property tops list of biggest Westchester resi deals in 2018

$33M sale of Rockef新爱上海同城对对碰论坛 上海同城对对碰交友社区eller property tops list of biggest Westchester resi deals in 2018

An estate owned by David Rockefeller that sold for $33 million in February 2018 was the largest residential sale of the year in 上海同城对对碰交友社区 上海夜网论坛Rockland and Westchester counties, LoHud reported. The Pocantico Hills property, which includes an 11-爱上海同城对对碰 爱上海同城论坛bedroom mansion, as well as a three-上海贵族宝贝论坛 上海贵族宝贝bedroom guest house, a stable and a carriage house, sold for 50 percent more than its asking price of $22 million. “This is a vindication of the provenance of David Rockefeller,” said Houlihan Lawrence associate real estate broker David Turner, who handled the listing for the late banker and philanthropist. Turner told the outlet that “it’s just rare that a parcel of this size, scope and integrity is available at all.” The 75-acre property hit the market several months after Rockefeller died at 101. An Upper East Side mansion also owned by Rockefelle上海同城对对碰交友社区 上海夜网论坛r took a price cut last year when it was sold for $20 million to Doug Band, a longtime aide and adviser to President Bill Clinton. [LoHud]

Tags: Westchester Fairfield
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