Robert Durst Meth

Robert Durst says it was the meth talking Durst has admitted to usi爱上海同城 爱上海ng methamphetamine while appearing in HBO’s “The Jinx”

Robert Durst

Real estate heir and suspected murder Robert Durst had a lot of explaining to do following the release of the 2015 HBO documentary, “The Jinx,” where he appears to admit to killing multiple people. Now, a year later, we ve got his explanation he was high on methamphetamine while filming.

Durst admitted to using drugs while appearing in the documentary back in March of 2015, during an interview in prison. Those comments have not been filed in L.A. County Superior Court, according to Variety.

“I was 上海千花社区 上海千花网交友on meth, I was on meth the whole time … it should have been obvious,” Durst said.

Durst阿拉爱上海同城 爱上海龙凤419桑拿 recently pleaded not guilty to murder charges fo上海龙凤论坛sh1f 上海龙凤论坛r the death o爱上海 爱上海同城手机版f onetime friend Susan Berman. He is also allegedly linked to the deaths of his first wife and his neighbor in Texas who he admitted to killing in self-defense. He was arrested on gun charges in Louisiana following the release of the The Jinx. [Variety] Christopher Cameron

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David Greenfield

David Greenfield has undeclared state campaign fund stuffed with real estate cash The Brooklyn councilman chairs the city’s land use committee

David Greenfield (credit: William Alatriste/New York City Council)

Brooklyn City Council member David Greenfield has a separate state campaign account that allows him to raise money from companies barred under city rules from donating.

Greenfield, chairman of the City Council s Committee on Land Use, has $308,641.71 in a campaign account c爱上海 爱上海同城手机版alled “GreenfieldNY,” most of which came from real estate companie上海贵族宝贝交流区 上海贵族宝贝论坛s, the New York Observer reported. Greenfield hasn t declared what state office he might pursue, though both the state account and his re-election account with the city, Greenfield NYC, are run by another City Council hopeful, Brooklyn political operative Kalman Yeger.

The New York City Campaign Finance Board bars donations from 上海贵族宝贝交流区 上海贵族宝贝论坛corporations, companies and law firms and limits individual and political action contributions to $2,750.

Thor Equities Joseph Sitt is one of the biggest donors to the state account, having donated $10,000. Sitt has indicated that he will seek more zoning changes in order to move forward with developments in Coney Island and Red Hook. The Edelstein family, whose “Imperial Court Hotel” was fined thousands of dollars by the city for violating zoning laws, collectively donated $25,000 to Greenfield.

Yeger told the Observer that it offensive to suggest that the donations would in any way influence Greenfield s decisions on the land use committee.

“It is not uncommon for candidates to establish a separate committee for a potential future race,” Yeger told the Observer. “This is nor上海夜网论坛 上海夜网mal, is permitted and anticipate爱上海同城论坛 爱上海同城d by law, and this committee follows every legal requirement.” [NYO] — Kathryn Brenzel 

Tags: David Greenfield, Politics
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Danbury’s Lee Farm Corporate Park sold for $31.8M

The Grossman Companies and Summit Development sold the Lee Farm Corporate Office Park in Danbury for $31.75 million. CT Property Realty purchased the five-story 215,650-上海千花网交友 上海千花网论坛square-foot office building at the intersection of I-84 and U.S上海千花网龙凤论坛 上海千花社区. Route 7. Grossman and Summit 上海贵族宝贝 上海千花网龙凤论坛bought the property in 2013 for $16.9 mill新上海贵族宝贝论坛 上海贵族宝贝交流区ion and invested more than $1 million in renovations. The office space is 100 percent leased, with tenants including Wells Fargo and Lenovo. [NewsTimes]

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NYC Investment Sales 2017

Investment sales fell again in 2017. Here s why 2018 could be better NYC deal volumes down nearly 40% on the year to $34.9B: Cushman

Bob Knakal and Doug Harmon

The city’s investment sales market had another down year in 2017, though some promising signs at the tail end could bode well for 2018.

Investors spent a total of $34.9 billion on commercial property last year, down nearly 40 percent from 2016, according to Cushman Wakefield. It marked the second straight year in which dollar volumes 上海千花网龙凤论坛 上海千花社区fell, as 2017’s totals were off nearly 57 percent from the peak this cycle of $80.4 billion in 2015.

In Manhattan, the number of properties sold fell 21 percent year-over-year to 602, and the total dollar volume of deals was off 45 percent to $21.6 billion. But it could have been worse. Cushman s Douglas Harmon said during the company’s year-end conference call Wednesday morning that when the number-crunchers looked at the figures six months ago, “it was a very dire prediction for 2017.”

At the halfway point of 2017, Manhattan was trending toward a 爱上海 爱上海同城手机版decline of 55 to 60 percent in sales volumes, so in that context the 45 percent drop was a bit of a silver lining.

“The good news is that in the second half there ended up being a lot of transactions,” he said. “As I sit today forecasting what it looks like for ’18, it’s much more upbeat.”

(Click to enlarge)

 

In the outer boroughs, the numbe新爱上海同城对对碰论坛 上海同城对对碰交友社区r of properties sold declined by 17 percent to 3,002, and the dollar volume fell 27 percent to $13.3 billion, according to Cushman.

When it came to property values, though, Manhattan and the outer boroughs were heading in different directions.

The average price per square foot across all Manhattan property types (excluding retail) turned negative during the third quarter. The average price per square foot for 2017 was down 4 percent compared to 2016 at $1,386.

“That’s the first time that’s happened阿爱上海同城 阿拉爱上海同城 in this cycle, and this is not surprising,” Cushman’s Bob Knakal said. “Because when we have a correcting market the volume of sales will always fall before value falls.”

In the outer boroughs, however, pricing continued to climb. The average price per square foot was up 7 percent in 2017 year-over-year to $406 on properties sold (again, exclusive of retail), though Knakal said he expects that trend to turn “as contagion from what has happened in Manhattan leaks into the outer boroughs.”

(Click to enlarge)

But there are some positive signs for 2018. Knakal noted that previous market corrections had been precipitated by events that sparked broader economic recessions: the savings and loan crisis that saw a decline in real estate deal volumes for four years from 1989-1993, the burst of the dot-com bubble that kicked off a four-year market downturn from 2001 to 2004 and the Great Recession that chilled the market from 2007 to 2010.

This time around, though, there was no catalytic event that shocked the market into a slowdown. And recent events like tax reform could[……]

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Fisher Brothers

Winston Fisher swims with the sharks on Park Ave. Landlor上海千花网龙凤论坛 上海千花社区d sponsored design competition to reimagine boulevard’s medians

55 East 52nd Street and Winston Fisher (Creit: Fisher Brothers)

On ABC, Barabara 上海千花网交友 上海千花网论坛Corcoran is one of the “shark” investors on the show “Shark Tank.” On Park Avenue, Fisher Brothers partner Winston Fisher is judging actual sharks.

The lobby of the Manhattan landlord’s 55 East 52nd Street will display entries submitted to a design competition that Fisher Brothers is sponsoring, which asks artists to reimagine the medians along a nine-block stretch of Park Avenue, the New York Times reported.

Among the 17 finalists are a minigolf exhibit and an aquarium.

“There’s a tongue-in-cheek connection,” said architectural designer Eric Spencer, who proposed the fishy idea. “You know, the classic stereo上海千花网交友 上海千花网论坛type, guys and gals on their phones, sharks, doing their thing.”

Fisher Brothers doesn’t control the stretch of Park Avenue’s median between 46th and 57th streets, but hopes the c阿拉爱上海同城 爱上海龙凤419桑拿ompetition will ignite imaginations.

“Can the city do it? The city can do anything,” he said.

“You can fill in what your vision is, but we really are hopeful that this will be the spark, very much like what they did with the High Line,” Fisher added. “That’s not what got built. But it allowed people to dream and see the potential.”

A panel of judges will select the winning entry, and the artist will receive a $25,000 prize. [NYT] – Rich Bockmann

Tags: Architecture and 上海千花网 爱上海同城对对碰Design, Commercial Real Estate, fisher brothers, winston fisher
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80 Flatbush

Brooklyn councilman wants to cut Alloy s 80 Flatbush down to size Stephen Levin says the site across from Atlantic Terminal should be “transitional” from Downtown Brooklyn skyscrapers 爱上海同城对对碰 爱上海同城论坛to neighborhood townhomes

Jared Della Valle, Stephen Levin, and a rendering of 80 Flatbush in Brooklyn (Credit:上海千花网交友 上海千花网论坛 80 Flatbush, Van Alen Institute, and Wikipedia)

Alloy Development and par爱上海同城手机版 新爱上海同城对对碰论坛tners are planning a 986-foot tall residential skyscraper for 80 Flatbush, near Atlantic Terminal in Brooklyn. But the local city councilman on Tuesday indicated he d like to see the builders go back to the drawing board.

I consider it a transitional block, Councilman Stephen Levin said at a hearing according to Crain s, and therefore this is something we are going to have to try and reconcile over the next couple of weeks. Levin s speech that emphasized that the area s 2004 上海千花网交友 上海千花网论坛rezoning was meant to for a building scale somewhere between high-rise Downtown Brooklyn and low-rise Boerum Hill, Crain s reported.

Alloy s full-block development, as originally planned, wou爱上海同城手机版 新爱上海同城对对碰论坛ld include 900 apartments, 200 of which would be reserved for affordable housing. Retail space and an elementary school are also in the works.

The project needed additional zoning approvals from the city and earlier this month received a thumbs up from City Planning, but it still needs the full vote of City Council, where Levin, whose district includes 80 Flatbush, effectively holds the deciding vote. [Crain s] — Will Parker

 

Tags: alloy development, Commercial Real Estate
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Carmel Partners

Carmel Partners ra爱上海龙凤419桑拿 上海龙凤论坛sh1fises $1.3B multifamily fund Funding comes from more than 40 investors in Asia, Europe and the US

Carmel Partners CEO Ron Zeff (Credit: Privcap and iStock)

Carmel Partners finished raising $1.28 billion for its latest U.S. multifamily fund.

The San Francisco-based real estate investment firm secured commitments from more than 40 investors across Asia, Europe and the US, AltAssets.net reported.

Carmel CEO Ron Zeff, who founded the company in 1996, said the new investment vehicle will “continue to pu上海千花网交友 上海千花网论坛rsue a multifamily value-creation strategy in our target markets. 上海千花网论坛 上海千花网

The latest closing brings Carmel s total funds raised to $5.5 billion since 2004. The company’s previous fund, closed in January 2017, had a value of $1.03 billion.

A major player on the West Coast and H新爱上海同城对对碰论坛 上海同城对对碰交友社区awaii, Carmel Partners has been active in New York C阿爱上海同城 阿拉爱上海同城ity since 2010, when it opened a one-agent office in the city.

The company last year sold a $1.9 billion portfolio of seven multifamily properties spread across three states to Brookfield Property Partners, which included the 30-story rental tower at 15 Cliff Street in the Financial District.

Last July, Carmel acquired a $40 million Crown Heights development site from Cornell Realty Management. [AltAssets] Kevin Sun

Tags: carmel partners, Multifamily Market, Real Estate Finance
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Amazon HQ2

National Cheat Sheet: Amazon dumps NYC, Google plans $13B real estate investment, Sears survives… more

Clockwise from top left: Amazon cancels HQ2 plans for Long Island City, Google plans multibillion-dollar, cross-country real estate investment, Sears plans to downsize, focus on tools and appliances post-bankruptcy and Simon Property Group teams up with a cannabis oil company to open 108 shops.

Amid opposition, Amazon says adios to LIC site for HQ2
So long, Big Apple. Amazon has scrapped its plans to build a new campus in Long Island City, Queens — a decision it attributed to political opposition. New York lawmakers, including Sen. Michael Gianaris and Councilman Jimmy Van Bramer, both of Queens, opposed the $3 billion incentive package the technology giant had been set to receive. Critics also took issue with the Seattle-based company’s business practices and the possibility of displacement, among other concerns. While some celebrated the decision, which came a week after reports surfaced of Amazon having second thoughts, others excoriated those they blamed for forcing a coveted tenant out of town. Gov. Andrew Cuomo, the Real Estate Board of New York and others lamented Amazon s about face, with Cuomo blaming politicians with “narrow political interests” for the reversal. [TRD]

Google plans $13B in cross-country real estate investment
Despite Amazon s ongoing HQ2 drama, fellow technology industry titan Google is planning to invest more than $13 billion in data centers and offices across the country, CEO Sundar Pichai wrote in a blog post. The investment will include expansions in 14 states and is expe上海夜网论坛 上海夜网cted to create more than 10,000 new construction jobs, Pichai said. Google is slated to have locations in two dozen states by the end of 2019. The company, a unit of the Alphabet conglomerate, spent approximately $2.5 billion in 2018 opening or expanding data centers in Alabama, Oklahoma, Oregon, Tennessee and Virginia. Google, which paid $2.5 billion in cash last year to acquire the Chelsea Market building in Manhattan, is also planning to爱上海龙凤419桑拿 上海龙凤论坛sh1f invest $1 billion in a new campus in the city. [TRD]

Sears to downsize, focus on tools and appliances post-bankruptcy
The storied retailer plans to sell off or downsize some of its remaining 425 stores after escaping liquidation in bankruptcy court, the Wall Street Journal reported. Sears, which filed for bankruptcy in October, will stop selling clothing and focus instead on tools and appliances — one of the areas that generates the most revenue for the company. Sears also plans to open some smaller stores, according to the outlet. Chairman Edward Lampert said he felt the company would “still have enough of a critical mass,” despite the changes. His hedge fund ESL Investments successfully bid $5.2 billion for Sears’ assets in January. [TRD]

Simon Property Group, cannabis oil company to open 108 shops
R上海贵族宝贝交流区 上海贵族宝贝论坛iding high from a record fourth quarter, mall industry giant Simon Property Group is now pla[……]

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Money Laundering

Spanish real estate new focus in major European money launde爱上海同城手机版 新爱上海同城对对碰论坛ring scheme Dirty money from Russi上海千花网 爱上海同城对对碰a traveled through Baltic and Scandinavian banks before landing in Spanish property, authorities claim

Hermitage Capital s Bill Browder, Russia s President Vladimir Putin (Credit: Getty)

Spanish real estate has become the focus of the probe into the money laundering case linked to the death of Russian attorney Sergei Magnitsky.

A portion of the $230 m上海贵族宝贝交流区 上海贵族宝贝论坛illion at the heart of the scheme, which started in Russia and moved through bank accounts in other European countries, was eventually poured into Spanish real estate, state prosecutors wrote in a complaint filed in a Madrid Court, Bloomberg reported.

The Spanish authorities allege that since 2008 a money-laundering ring funneled 35 million euros (about $39 million) through bank accounts in Ukraine, Lithuania and Moldova. The funds ended up in Estonia before finally being sent to Spain to purchase various properties, according to the report. Other funds under investigation were used to purchase car parts, 上海千花网论坛 上海千花网construction equipment and other goods.

Prosecutors belief that at least part of the money ended up in real estate in Spain hinges, at least in part, on two claims: that 65 people in Estonia received 10 million euros of the 35 million euros under investigation and transferred the funds to acquire Spanish property; and that a comp爱上海同城论坛 爱上海同城any based in the British Virgin Islands moved 5.1 million euros between 2008 and 2009 to a Spanish bank account for a “loan to buy real estate property.”

The $230 million at the heart of the fraud is known as the “Magnitsky money” for the lawyer, Sergei Magnitsky, who died in Russian prison in 2009 while trying to expose the scheme for his employer, American-born investor Bill Browder.

The $230 million funds allegedly came from taxes Browder s investment firm, Hermitage Capital, paid to the Russian government and were then misappropriated by Russian officials. Congress passed the Magnitsky Act in 2012 to allow the US to sanction officials believed to be responsible.

Authorities in the U.S., Spain and Europe continue to investigate the case. In New York, real estate company Prevezon Holdings was accused of laundering of funds from the “Magnitsky money” and a lawyer on the case was recently indicted. [Bloomberg] — Mary Diduch

Tags: European Real Estate, Money Laundering
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