Canadian Luxury Residential Market

Here s how much it costs to live in Justin Trudeau s neighborhood The Canadian capital has its arms open to foreign RE investors

Prime Minister of Canada Justin Trudeau. (Credit Alex Guibord/Flickr)

Move to Rockcli爱上海同城 爱上海ffe Park in Ottawa and your could technically call yourself a neighbor to the Prime Minister of Canada, or, if you don t actually plan on living in the quiet capital, the neighborhood is your best investme新爱上海同城对对碰论坛 上海同城对对碰交友社区nt bet in the country, according to Mansion Global.

The average home sold f上海夜网论坛 上海夜网or $1.5 million last year and rented for between about $8,000 per month to $20,000. Compared to last year, the price of single-family home increased more than 7 percent. The reason for the area s high上海龙凤论坛 新上海贵族宝贝论坛 demand could be explained by the high ratio of diplomatic and elected officials, about 150, to normal citizens, about 700.

“It’s the premiere place to live,” said Marilyn Wilson of Dream Properties/Christie’s International Real Estate to Mansion Global. But “Ottawa is the city to look to for investing” as well, she added.

The city has no restrictions on foreign buyers, unlike Toronto or Vancouver where restrictions were imposed to limit an influx of foreign real estate investment.[Man阿爱上海同城 阿拉爱上海同城sion Global] Erin Hudson

Tags: canada, mansions, Residential Real Estate
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JPMorgan Chase Headquarters

JPMorgan Chase strikes big air rights deal Bank plans to buy roughly 700K sf from Grand Central Terminal owners

From left: Grand Central, 270 Park Avenue, Michael Dell and Jamie Dimon (Credit: Getty Images)

It looks like JPMorgan Chase will buy nearly 700,000 square feet of air rights from Grand Central to build its new 2.5 million-square-foot office tower in Midtown East.

The company plans to tear down its headquarters at 270 Park Avenue to make way for a new larger tower, following the rezoning of 78 blocks in Midtown East. The bank is negotiating with air rights owners MSD Capital, which oversees assets for Dell Technologies founder, Michael Dell, TF Cornerstone and Argent 上海千花网交友 上海千花网论坛Ventures, Crain s reported.

MSD Capital and TF Cornerstone own a majority of the 1.35 million square feet of air rights at Grand Central and are planning to sell nearly 700,000 square feet for $210 million or so, charging roughly $300 per square foot. The owners an爱上海同城手机版 新爱上海同城对对碰论坛d JPMorgan Chase will have to contribute about $40 million to public realm improvements, as required by the rezoning.

Crain s reported last week that the Archdiocese of New York, which owns St. Patrick’s Cathedral, was gearing up to sell some of its 1.2 million air rights. It appears that the Archdiocese plans to sell 30,000 square feet to another site in the district. [Crain s] — Kathryn Brenzel 

Tags: Air Rights上海龙凤论坛sh1f 上海龙凤论坛, Commercial Real Estate, Development, Grand Central Terminal, JPMorgan Chase, Midtown East Rezoning
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Toys R US Bankruptcy

It s lawyers before landlords in the Toys R Us bankruptcy case Courts give priority to bankruptcy professiona上海千花网 爱上海同城对对碰ls when it comes to getting paid

(Credit: Wikipedia, Max Pixel, Pixabay)

Landlords looking to get compensated in Toys “R” Us’s bankruptcy ca阿拉爱上海同城 爱上海龙凤419桑拿se, get in line.

The toy retailer is expected to pay $348 million to dozens of bankers, lawyers and consultants who tried to fix the company’s problems. And those bankru阿拉爱上海同城 爱上海龙凤419桑拿ptcy professionals get priority and are largely assured of getting paid as other creditors fight to get their share, the New York Times reported.

This is nothing particular to Toys “R” Us, as bankruptcy fees have been an issue for years.

“The fees have been increasing, and there is no effective means to control them,” Lynn LoPucki, a bankruptcy professor at the University of California, Los Angeles, told the Times.

Companies can make the decision as to where they want to file for bankruptcy, and judges are hesitant to push back on fees because lawyers could bring the cases elsewhere. Toys “R” Us is based in Wayne, N.J., but filed its Chapter 11 case in Richmond, Va.

The retailer earlier this year announced爱上海同城论坛 爱上海同城 it planned to close all of its 735 stores, including ones in College Point, Queens. [NYT] – Rich Bockmann

Tags: bankruptcy, Comme爱上海同城对对碰 爱上海同城论坛rcial Real Estate, Retail
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Herald Towers

Gap is adding to a growing stretch of retail vacancies along 34th Street The retailer won’t be renewing at JEMB Realty’s Herald Towers

JEMB s Morris Jerome and the Gap at 60 West 34th Street (Credit: Google Maps)

UPDATED, Sept. 5, 5:39 p.m.: Gap’s lease in Herald Square won’t be renewed, adding to a large block of retail vacancy along 34th Street.

JEMB Realty — the landlord at 60 West 34th Street (aka 1282 Broadway) — informed lender AIG that the lease with Gap would not be renewed or extended, according t上海夜网 阿爱上海同城o property records filed with the city Wednesday.

It’s not clear how much space the Gap currently occupies in the building at the corner of 34th Street and Sixth Avenue, but as of 2010 the footprint was 70,000 square feet.

JEMB principal Louis Jerome said the company is working wit上海贵族宝贝 上海千花网龙凤论坛h RKF to market the retail space.

“The available retail spaces are part of a large scale repositioning of all of Herald Towers, which also includes 690 apartments, he said.

A representative for Gap could not be immediately reached for comment.

JEMB also 上海千花网龙凤论坛 上海千花社区informed its lender that the lease with Forever 21 at the property would no上海千花网龙凤论坛 上海千花社区t be renewed.

The Real Deal reported earlier this year that the fast fashion brand signed a lease to relocate the Herald Square store into 43,000 square feet at rival H M’s space across from Penn Station at Vornado Realty Trust’s 435 Seventh Avenue.

Forever 21 had occupied 25,000 square feet at JEMB’s Herald Square property, which means that along with the Gap space, the landlord is looking at as much as 95,000 square feet of availability at a time when the retail landscape is already struggling with vacancies.

The area along 34th S上海夜网 阿爱上海同城treet between Fifth and Seventh avenues had a retail availability rate of 32.8 percent during the second quarter of the year, according to Cushman Wakefield. That was the highest rate among the 11 different districts the brokerage tracked in Manhattan.

Retail asking rents had declined by 12.3 percent from a year earlier to $635 per square foot, among the largest drops the brokerage had reported.

Tags: Commercial Real Estate, herald square, jemb realty, NYC Fashion Industry, Retail Real Estate
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Lucy Liu Apartment

Selling real estate is elementary? Lucy Liu s condos just went into contract The two uncombined apartments at 29 West 19th St. were listed for a total of $5.9M

Lucy Liu and 29 West 19th Street (Credit: Getty Images and Core)

Perhaps the new owners of Lucy Liu s two condominiums in a converted Flatiron loft building can figure out why she didn t combine the units.

The star of CBS s Elementary, a contemporary take on Sherlock Holmes, went into contract to sell the homes at 29 West 19th Street, according阿拉爱上海同城 爱上海龙凤419桑拿 to Variety. They were listed for a combined $5.9 million.

One apar爱上海龙凤419桑拿 上海龙凤论坛sh1ftment is directly above the other, and they are two of only five units in the luxury building. Both apartments have three bedrooms, 10-foot ceilings, and together add up to a combined total of over 3,600 square feet. One unit also has a private keyed elevator.

Liu, a Queens 爱上海同城手机版 新爱上海同城对对碰论坛native, bought the first full-floor apartment in early 2005 and the second about a year later, paying a for a total of about $4 million, accordin阿拉爱上海同城 爱上海龙凤419桑拿g to Variety. The units were listed in July and October, respectively.

The buyer, or buyers, are currently unknown. CORE’s Emily Beare and Jessica Chestler had the listings. The building s penthouse is also on the market with Stribling for $4.5 million.

Last summer, Liu bought a two上海龙凤论坛 新上海贵族宝贝论坛-bedroom condo in a restored Beaux-Arts building, also in the Flatiron District, according to Variety.

And just last month, Liu sold a four-bedroom home in Studio City, Los Angeles, that she owned for almost two decades. The Craftsman estate sold for $3.06 million. [Variety] Decca Muldowney

Tags: celebrity real estate, Residential Real Estate
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Zillow CEO Spencer Rascoff is stepping down as his co-founder takes over Rascoff to remain with the company until March 22

Spencer Rascoff and Rich Barton (Credit: Getty Images)

Zillow Group is replacing CEO Spencer Rascoff with co-founder and former CEO Rich Barton, the company said in a Securities and Exchange Commission filing Thursday.

Rascoff, also a co-founder, led Zillow as CEO from 2010 through its IPO — and will remain with the company until March 22. He’ll stay on the board of directors after Barton takes over.

Barton has been executive chairman since stepping down as CEO in 2010. Barton also founded Expedia in 1994 and co-founded Glassdoor in 2007.

The move co上海千花网交友 上海千花网论坛mes as Zillow has faced challenges amid slowing home sales and rising interest rates. The company’s stock is down more上海龙凤论坛sh1f 上海龙凤论坛 than 25 percent in the last 12 months.

The announcement coincides with Zillow s fourth-quarter earnings report. Revenue totaled $365.3 million, a 29 percent increase from a year earlier, driven primarily by slower-than-expected growth in Premier Agent revenue. Net loss for the quarter was $97.7 million, or 27 percent of revenue — compared with a loss of $77 million a year earlier.

Here’s the note I shared with @zillowgroup employees today.

— Spencer Rascoff (@spencerrascoff) February 21, 2019

Premier Agent’s revenue grew 11 percent year-over-year to $221 million. Because of changes to program last year, Zillow “experienced increased advertiser account cancellations, or churn, that began in the third quarter,” the company said in a statement. “Based on feedback from advertisers about the lead validation and distribution process, Zillow Group implemented changes to attempt to remedy the situation.”

When Zillow introduced its Premier Agent program to the New York market through StreetEasy in 2017,  REBNY asserted that it caused “a maelstrom of consumer confusion.” StreetEasy responded by adding a represen上海龙凤论坛 新上海贵族宝贝论坛t爱上海龙凤419桑拿 上海龙凤论坛sh1fative to screen potential buyer leads by phone before passing along live leads to buy-side agents. That created a new concern: Premier Agents worried they’d receive fewer leads.

Zillow said it expects recovery from that advertiser churn in the first and second quarters this year. The mid-year changes led to significant price hikes for agents participating in the auction-based program, the company said.

Tags: Residential Real Estate, spencer rascoff, Stri阿爱上海同城 阿拉爱上海同城bling Associates, Tech, zillow
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Construction Death NYC

Worker killed by falling masonry at Turtle Bay rental building The building is owned by Kenneth Rotner of Great Bay Building Company

311 East 50th Street (Credit: Google Maps)

A construction worker repairing masonry on a scaffold at 311 East 50th Street was killed Monday after being struck in the head by a falling coping stone.

The 51-year-old man’s name has not been released, the New York Times repor上海贵族宝贝论坛 上海贵族宝贝ts.

He was rescued by firefighters following the incident, but died later at NewYork-Presbyterian Hospital.

The 14 stor阿拉爱上海同城 爱上海龙凤419桑拿y rental building is owned by Kenneth Rotner of Great Bay Building Company. Last year, the company was granted a permit by the Department of Buildings for $48,000 of repairs to the building’s exterior, according to the Times.

A sign outside the building said the construction work was being done by VLAD Restoration, the Times reports. Last year, the company and its owner, Vlad Tomczak, settled a lawsuit with six demolition workers over unpaid overtime, paying $129,000.

“We’ll do an inve新上海贵族宝贝论坛 上海贵族宝贝交流区stigation as to the cause of the accident and make a determination of any liability and what they did right or did wrong,” Timothy Hogan, deputy commissioner of enforcement for the Department of Buildings, told the Times.

The Fire Depa上海贵族宝贝 上海千花网龙凤论坛rtment is also investigating site conditions and dangers to workers at the building, citing a “partial facade collapse.”

Rents at the rental building range between $2,000 and $4,500, according to StreetEasy. [NY爱上海同城手机版 新爱上海同城对对碰论坛T] Decca Muldowney

Tags: construction accidents, Residential Real Estate
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” headquarters of return De Jun ” material of ESRGAN technology HD updates a patch to release character

MOD netizen Shiba Inu released recently ” headquarters of return De Jun ” HD material replaces a package character, renovated to this making through ESRGAN technology high-definition the material that stick a graph is qualitative. The full name of ESRGAN is ” increase model exceed resolution to build antagonism network ” , can change picture of low Qing Dynasty into what have corresponding detail through algorithm high-definition stick a graph. Shiba Inu used this technology to make ” headquarters of return De Jun ” high-definition material qualitative patch is released publicly. The need before installing this patch duplicates Pak1.pk3 file ” headquarters of return De Jun ” installation catalog. Of a blemish in an otherwise perfect thing is this patch did not collect the TGA format capable person that takes Alpha channel to pledge. ” antediluvian reel: Morning breeze ” ” ruined soldier ” ever had had corresponding ESRGAN to update a patch, was turn for now ” headquarters of return De Jun ” . The likelihood can not have more old old game be obtained through this one technology fast and the high-definition material of save labour pledges the patch is updated. The player that is interested in this patch can nod this download. Effect video:[……]

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3 version + all sorts of DLC! ” the contrail that shine 4 ” harbor takes open of purchase in advance

Playstation harbor takes open ” the contrail that shine 4 ” purchase in advance, game purchase in advance distributes a version in all: Common edition 468 Hongkong dollar (add up to a RMB about 403 yuan) , plush figure edition 698 Hongkong dollar (add up to a RMB about 602 yuan) hide digital edition with allusion 898 Hongkong dollar (add up to a RMB about 774 yuan) . The player of 3 either version can obtain above of purchase in advance to reward below: ” the contrail that shine 4 ” PS4 theme achieves VOFAN of painter of PS4 head portrait suit to achieve dress DLC formerly formerly (* this is in charge of to also will serve as inchoate purchase in advance to be in charge of especially especially offer) can accede to show path the 3 DLC showing path of 4 (* this is in charge of to also will serve as inchoate purchase in advance especially: ” the contrail that shine 3 ” DLC assembles a package (in all 90 prop) , inferior special VOFAN designs Liza to achieve dress formerly. PS4 Pro edition has picture aggrandizement. Plush figure edition is extra content of purchase in advance: ” the contrail that shine 4 ” game noumenon ” the contrail that shine 4 ” DLC dress is over group of a complete set of (season ticket) ” the contrail that shine 4 ” DLC adornment prop is over group of a complete set of (season ticket) ” the contrail that shine 4 ” achieve thematic Asia formerly plain: ” the contrail that shine 4 ” collect of former voice of THE END OF SAGA ” the contrail that shine 4 ” Chinese edition will be in on March 7, 2019 at PS4 platform put on sale. [……]

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Still be less than a month! ” dead or unripe 6 ” already rolled out a foundation to try freely now play edition

” dead or unripe 6 ” on March 1 just put on sale, and glory is special recently library rub announce to roll out and be mixed traditional and same ” dead or unripe 6 Core Fighters ” foundation free edition tries to the player that be interested play, can experience one time now in the player that resolved proceed with does not have at the beginning of the month! Want to know, make on ” dead or unripe 5 ” free edition is in the foundation to was rolled out in September 2013 — after be being issued formally namely full one year. And this ” dead or unripe 6 ” put on sale has not arrived a month, glorious sale strategy it may be said is to change greatly appearance. This action also is to get used to rhythm probably faster, eliminate faster period, each issued business to accelerate what taste game newly to hit greatly nowadays fold, the pace that is restricted to avoid, for instance A Yo begins sales promotion last week in, of put on sale of the ability in last month ” fetch of Gu island Jing: Xin Shuguang ” be in awesomely row, need not carry more by Home EA with old player accuse in a tearful voice ” battleground 5 ” . No matter how, to the player it is meddlesome, can decide to whether undertake buying again after wholer experience system, glory spy library rub also be the work to oneself was full of confidence apparently. List the foundation can offer the part list of amuse oneself in free edition below, add link of Steam shop page additionally:[……]

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