Mitchell Maxwell Jackson

Judge orders NY Department of State to pay Mitchell Maxwell Jackson s legal fees Court rules appraisal firm上海千花网 爱上海同城对对碰 owed $115K over botched probe

From left: Jeffrey Jackson and Steven K爱上海同城手机版 新爱上海同城对对碰论坛nobel

The New York Department of State has been ordered to pay more than $115上海千花网龙凤论坛 上海千花社区,000 in attorneys fees to the real estate appraisal firm Mitchell Maxwell Jackson over a botched investigation by the former Secretary of State into allegedly phony appraisal documents that maimed the once-dominant company.

Meanwhile, Mitchell Maxwell Jackson co-founders Steven Knobel and Jeffrey Jackson are pushing forward in a separate legal matter seeking $10 million in damages.

Knobel, who said he’s still waiting on the state to provide the investigator’s report that he believes will help make his case for damages, said the ruling on attorneys fees is encouraging.

“It’s always good to be proven right. It’s always nice when上海贵族宝贝论坛 上海贵族宝贝 justice is served, so to speak,” he told The Real Deal. “But it’s the documents that are really the problem with them.”

Knobel said the state is late in providing documents the court ordered to be delivered by early October.

A spokesperson for the Department of State said the office doesn’t comment on ongoing litigation.

In September, Manhattan Supreme Court Justice Alice Schlesinger ordered former Secretary of State Cesar Perales – who at the time oversaw the state’s licensing division – to cough up $115,479.89 in attorneys fees after the judge ruled in 2014 that the appraiser[……]

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NYC Affordable Housing

New NYU data tool shows affordable housing throughout NYC It combines more than 100 different sources of data

Housing completed in 2015. (Credit: NYU Furman Center) (Click to enlarge)

The public can now easily track down affordable housing in the city with a new data tool.

New York Uni爱上海同城对对碰 爱上海同城论坛versity s Furman Center just rele上海千花网 爱上海同城对对碰ased CoreData.nyc, an interactive map that shows subsidized housing throughout the city, Brownstoner reported. The t爱上海 爱上海同城手机版ool was created as an update to the Furman Center s Subsidized Housing Information Project and as a way to make affordable housing information more widel上海龙凤论坛sh1f 上海龙凤论坛y available.

The tool pulls data from more than 100 state, city and federal sources. The housing can be filtered by several different fa上海夜网 阿爱上海同城ctors, including demographics, land use, flood zones and crime.

“This will provide increased transparency in the complex landscape of affordable housing in New York City, and be a crucial resource for the staff and task forces that we rely on to make recommendations for agreements and restrictions affecting future supply,” City Council Speaker Melissa Mark-Viverito said in a statement.[Brownstoner] — Kathryn Brenzel 

Tags: affordable housing, furman center for real estate and urban policy
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1 Pace Plaza

Landmarks signs off on Pace s $190M renovation First phase of project to begin this summer

41 Park Row and Pace s Stephen Friedman

Pace University s $190 million master plan received high marks from city officials.

The Landmarks Preservation Commission signed off on work at 41 Park Row in Lower Manhattan, which means the university can get started on the first of three phases of a multi-year master plan. The plan includes an overhaul of 1 Pace Plaza, a fortress-like building near the Brooklyn Bridge, school officials said Thursday.

Plans for Phase I call for $45 million worth of work on the lower floors of 1 Pace Plaza, which will get a new welcome center, student commons, meeting rooms and learning lab. (The second phase of the project would 阿拉爱上海同城 爱上海龙凤419桑拿add two floors — or 67,000 square feet — to the top of the building.阿拉爱上海同城 爱上海龙凤419桑拿)
Plans for 41 Park Include A New Entrance On Spruce Street, art gallery and student common area.

Construction is set to begin this summer and wrap up in the fall of 2018.

Founded in 1906, Pace plans to finance construction with donations and roughly $100 million generated from the sale of real estate, including 106 Fulton Street, which DSA Realty bought for $51 million.

Tags: Development, landmarks preservation commission, pace university
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Developers pitch a 14

The newest luxury 上海夜网论坛 上海夜网residential tower to join Boston’s skyline might just be an experiment in “co-living.” Newton-based National Development and New York-based real estate company Ollie are proposing a 14-s阿拉爱上海同城 爱上海龙凤419桑拿tory building with 245 small units for the South End’s Ink Blo上海贵族宝贝交流区 上海贵族宝贝论坛ck complex. “You walk into this building and you feel like you’re in a mi爱上海同城手机版 新爱上海同城对对碰论坛llennial resort,” National Development managing partner Ted Tye told the Boston Globe. The proposed tower, dubbed 7INK by Ollie, needs approval from the Boston Planning and Development Agency. [Boston 上海千花网龙凤论坛 上海千花社区Globe]

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Harbor Blockchain

This $10M blockchain VC deal could have a big impact on real estate Harbor sells crypto-securities compliance technology

From left: Brad Greiwe, Arisa Amano and Bob Remeika (Credit: LinkedIn)

Blockchain technology company Harbor raised $10 million in venture funding, in爱上海 爱上海同城手机版 a deal that 爱上海 爱上海同城手机版could have major implications for the real estate industry.

Fifth Wall Ventures, a venture capital firm that specializes in real estate startups, participated in the Series A round along with Vy Capital and Valor Equity Partners.

Founded last year by Zenefits veterans Arisa Amano and Bob Remeika, San Francisco-based Harbor sells compliance technology for crypto-securities offerings. As The Real Deal reported last year, a growing number of companies are offering crypto-currencies backed by real estate. For these startups, figuring out if their offerings comply上海千花网 爱上海同城对对碰 with U.S. regulations is a challenge.  This has mostly prevented institutional investors from piling into real estate-backed coins, Fifth Wall’s co-founder Brad Greiwe argued.

“Fifth Wall believes Harbor’s protocol is precisely新爱上海同城对对碰论坛 上海同城对对碰交友社区 the standard the industry needs to trigger a tsunami of real estate assets that will tokenize, ICO, and trade on the blockchain,” Greiwe wrote in a blog post Tuesday. “This represents the most profound, disruptive change to real estate capital markets ever and the potential to spur the mass adoption of institutional blockchain solutions within the broader real estate industry.”

TRD’s February magazi[……]

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The Real Deal March 2018

The Real 爱上海同城论坛 爱上海同城Deal’s March issue is live! Inside: The complex world of asset forfeiture, top architects and Google’s takeover

The Real Deal s March issue

The seizure of the two trophy towers in Manhattan — 650 Fifth Avenue and the Park Lane Hotel — and the Department of Justice s imperfect track record when it comes to real estate has some wondering: Are federal officials punching above their weight?

For the cover story this month, The Real Deal dove into the complex world of civil forfeiture — a tactic favored by federal prosecutors, in part, because of its lower burden of proof and the potential payoff it offers victims. Officials have increasingly used civil forfe新爱上海同城对对碰论坛 上海同城对对碰交友社区iture to go after white-collar criminals, targeting real estate due to its association with money laundering.

“The reason why they go often to the civil forfeiture tool is because it’s easier to prove,” said Evan Barr, a former assistant U.S. attorney for the Southern District who is now a white-collar defense attorney at Fried Frank. “A criminal case requires proof beyond a reasonable doubt — a much higher standard.”

Meanwhile, the iss爱上海同城对对碰 爱上海同城论坛ue also takes readers inside Google s takeover of Chelsea and the Meatpacking District and the fierce competition among newbie commercial brokerages to elbow their way into a market that s largely dominated by three established firms. A profile of HNA Group documents the conglomerate s meteoric rise and fall — an arc that spans all of three years.

There s also a[……]

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235 East 42nd Street

Here is how Pfizer’s sale-leaseb上海龙凤论坛 新上海贵族宝贝论坛ack stacks up to other big deals The owner-occupiers include Time Warner, Sony and Coach

Clockwise from top left: 550 Madison Avenue,60 Wall Street and the Time Warner Center

In 2016, Pfizer embarked on a daunting task: a search for both the buyer of its longtime two-building headquarters on East 42nd Street and for a new office in New York City.

When it came time for investment-sales brokers to pitch Pfizer to market the buildings for sale, Cushman Wakefield appeared to have the inside track it had previously represented the company in leasing negotiations. Cushman did pick up the contract in January 2017, at a time when Pfizer sought $500 million for its Midtown East headquarters.

Cushman utilized a two-pronged approach to get the job done: a leasing team led by Josh Kuriloff and an investment-sales team led by Adam Spies and others. This week, news broke that Pfizer agreed to sell the properties to Brooklyn inve爱上海同城手机版 新爱上海同城对对碰论坛stor David Werner for about $360 million and that it had finalized an 800,000-square-foot lease at Tis上海同城对对碰交友社区 上海夜网论坛hman Speyer’s proposed office tower the Spiral.

Those two deals, even when occurring simultaneously, are often handled by different brokerages. In the case of Pfizer, star investment-sales brokers Doug Harmon and Spies, who had handled some of the city’s other larger sale-leasebacks, left Eastdil Secured for Cushman just months before their team won the assignment. Cushman, which placed No. 2 on The Real Deal s[……]

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5775 Collins Avenue

Marlborough House building collapses in Miami 上海同城对对碰交友社区 上海夜网论坛Beach; 1 injury reported First phase of demolition was set to begin Monday morning at 8 a.m. and last for two weeks

(Credit: Twitter)

UPDATED, July 23, 4:15 p.m.: A Miami Beach condo building being demolished collapsed Monday morning, injuring at least one person.

The waterfront building at 5775 Collins Avenue, formerly known as the Marlborough House, had a demolition permit but not an implosion permit, according to the Miami Beach Police Department’s Twitter account.

Samuel Landis, a 42-year-old project manager, remains in critical condition at Jackson Memorial Hospital, a Miami Beach spokesperson said. The police department is now leading a criminal investigation.

We are monitoring the situation and our hearts and prayers are with the injured constructi上海同城对对碰交友社区 上海夜网论坛on worker and his family. Any questions involving the incident should be directed to Winmar Construction, Inc., Marcelo Kingston of Multiplan said in a statement.

Brazilian billionaire developer José Isaac Peres, founder of Multiplan Real Estate Asset Management, received approval in December to redevelop the site into an 89-unit, 17-story luxury condo building designed by Arquitectonica.

The first phase of demolition was set to begin Monday morning at 8 a.m. and last for two weeks, said Miami Beach spokesperson Melissa Berthier.

The developer originally filed an application for a demolition by implosion in August 2017, but submitted a new permit for a convention[……]

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Kushner Companies

Kushner Companies picks up NJ site primed for 590 rentals Company’s spent $13M in Long Branch Opportunity Zones this year

Charlie Kushner (Credit: iStock)

Kushner Companies, wh上海夜网 阿爱上海同城ich already爱上海同城 爱上海 has a large stake in the Jersey Shore town of Long Branch, is lining up another big project.

The company is close to acquiring a development site that s been approved for 590 rental apartments and 99,500 square feet of commercial space, NJ.com reported.

“I can confirm that we are under contract to purchase the property,” Kushner Companies Creative Director Karen Zabarsky wrote in an email to NJ Advance Media.

The purchase price was not disclosed.

The property sits in a redevelopment area on Long Branch s neglected Lower Broadwa阿拉爱上海同城 爱上海龙凤419桑拿y stretch. Seller Long Branch Partners g上海千花网论坛 上海千花网ot full approval from the local municipality to build the project in phases,  but approval from the Department of Environmental Protection is needed to move forward because the site sits in an area designed to protect coastal areas from overdevelopment.

Kushner Companies has purchased $13 million worth of properties in Opportunity Zones in Long Branch since April when the federal government where Jare爱上海 爱上海同城手机版d Kushner works as a senior advisor to President Trump enacted legislation providing tax breaks to those who invest int he zones. [NJ.com] Rich Bockmann

Tags: Commercial Real Estate, kushner companies, New Jersey, Opportunity Zones
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