Can Richard Meier s projects be separated from the man? New developments may be most vulnerable to association with now-disgraced architect, experts say
Clockwise from top left: Richard Meier, One Waterline Square, 173-176 Perry Street, 165 Charles Street and the Getty Center
When an actor is accused of groping, an audience can boycott his movies. When a politician engages in lewd behavior, he can be voted out of office. A famous architect, however, has his presence stamped all over the skyline, and turning away isn’t so easy.
This week, Richard Meier was the subject of a front-page story in the New York Times in which five women accused the Pritzker Prize-winning architect of a longstanding pattern of sexual harassment. The report prompted an apology from Meier, and he declared he would take a six-month leave of absence from the firm he founded. But for developers and brokers banking on the starchitect’s name to market their projects, the headaches may have just begun.
It’s a super sensitive issue, and I think that it’s so politically charged right now that if a developer had a project coming out, they would probably try to minimize Meier’s connection to it because it’s raw and new,” said Stephen Kliegerman, who oversees new development marketing at Halstead Property and Brown Harris Stevens.
Meier has at least two major new projects in New York City in the works, Sheldon Solow’s 685 First Avenue — a 596-unit condo tower that topped out late last year — and One Waterline Square[……]
The 2018 ICSC party guide: INTERACTI上海夜网 VE Check out TRD’s map for a look at where the parties are happening
New York City real estate players will have to adjust the schmooze settings on their phones in Las Vegas this year several of the biggest parties at ICSC have been canceled.
Whether it s a cautious mood in response to the #MeToo movement, a lack of enthusiasm due to the retail slump, penny-pinching, or simply a return to more intimate corporate bonding, a handful of New York s real estate firms are not holding large parties this year.
The four-day conference kicks off Sunday and tens of thousands of attendees will arrive in Las Vegas, but many of New York s retail kings are also staying home due to religious conflicts.
RKF, which in the past has hosted parties at clubs along the strip, is one notable firm not hosting a bash in 2018.
“We are not having a party this year, [we] decided to do small client dinners instead,” an RKF spokesperson said.
Law firm Fried Frank and brokerages Winick Realty Group and Eastern Consolidated also won t be throwing any parties during the world s largest retail conference this year.
According to insiders, the main event for New Yorkers this year is Newmark Knight Frank s party at the Marquee, an event that typically attracts thousands. Other big parties to check out are the Related Companies Hudson Yards event at Nobu Villa in Caesars Palace and NY Developers’ party poolside at the Bellagio hotel.
The one major party to move is Cushman Wakefiel[……]
MGM Resorts hopes to limit liability with suit against victims of Vegas mass shooting The Mandalay Bay owner claims a federal s上海千花网 tatute will protect it from legal claims
MGM Resorts exec James Murren and Mandalay Bay
MGM Resorts International has sued more than 1,000 victims of last year s mass shooting at a Las Vegas festival, claiming it has no liability in the injury or deaths that occurred when a gunman opened fire from inside the Mandalay Bay Resort and Casino.
In the lawsuit filed Friday in federal court in Nevada and California, the Mandalay Bay owner says a 2002 federal act limits the hotel’s liability, Bloomberg reported. The act, named the Support Anti-Terrorism by Fostering Effective Technologies, protects companies that use “anti-terrorism” technology or services to respond “to acts of mass injury and destruction.”
MGM is one of the most prominent hotel owners on the Las Vegas Strip. In addition to the Mandalay Bay — and the concert venue that held the festival — the company owns the MGM Grand, The Mirage, Bellagio, Aria, Luxor, and Excalibur, among others. Outside of the city, it also owns the MGM National Harbor near Washington, D.C., MGM Grand Detroit and the MGM Macau in China.
Over 2,500 individuals have上海夜网论坛 sued or threatened to sue MGM following the Oct. 1 mass killing. From his 32nd-floor suite at the Mandalay Bay, Stephen Paddock used more than 20 automatic weapons to kill 58 individuals and wound over 500, at the Route 91 Harvest Festival. Paddock kil[……]
Sun Equity, Heskel Group land $60M loan for controversial Queens development Activists temporarily shut down retail development in September
A rendering of 40-31 82nd Street
After facing local resistance and a temporary work stoppage,上海千花网龙凤论坛 Sun Equity Partners and Heskel Group are forging ahead with their retail development in Jackson Heights with the help of some new financing.
Los Angeles-based Calmwater Capital provided the developers with about $60 million in financing, according to city property records recorded on Friday. The loan includes a $29 million building loan and a $31 million refinanced loan, and replaces a 2016 loan from RWN Management worth $22 million.
In September, a local advocacy group backed by then-congressional candidate Alexandria Ocasio-Cortez managed to force a stop-work order for the site at 40-31 82nd Street, citing zoning violations. The order was rescinded two weeks later, after the developers fi上海夜网论坛 led new plans.
Sun Equity and Heskel acquired the property for $27 million in 2016, with plans to build a 160,000-square-foot building. Plans for a 13-story residential tower above the retail portion of the site were scrapped after city officials withdrew their support for a proposed rezoning.
Heskel Group s rezoning proposal had raised eyebrows due to political donations made arou上海千花网论坛 nd the time of the application.
According to Calmwater s website, the lender primarily provides funding for projects in the western United States, with just three[……]
These are some 上海千花网论坛 of the most notable resi sales of the week A unit at 900 Fifth Avenue sold for $9.9M
From left: 1125 Park Avenue, 900 Fifth Avenue, 684 Broadway (Credit: Google Maps)
An art collector s penthouse traded for $9.9 million and a venture capitalist bought in Carnegie Hill. Here are some noteworthy residential deals from the past week.
1. The estate of Elizabeth Stafford, a prominent collector of 18th-century French art and furniture, sold her Lenox Hill penthouse at 900 Fifth Avenue for about $9.9 million. The deal included an additional unit for staff on the second floor. The buyers were listed as Harry and Catherine Jean Totonis. Harry is CEO of ConnectiveRX, which works in the pharmaceutical industr阿拉爱上海同城 y. An October article by auction house Christie s, ahead of a special sale of Stafford s collection, said walking into the Stafford apartments in Paris and off Fifth Avenue was to be transported to another place and another time — Paris in the mid-18th century when the art of luxury goods reached suc上海千花网论坛 h an extraordinary apogee. Stafford died last year at age 90, and her apartment went on the market in September for $11.75 million, Mansion Global reported. Douglas Elliman had the listing.
2. A co-op at 1125 Park Avenue in Carnegie Hill for about $8.58 million. The sellers were Alfonso and Lindsay Kimche, who bought the unit in 2014 for $7.9 million, and the buyers were recorded as Douglas and Patricia Sacks. Alfonso Kimche is an operating principal a[……]
The downturn is coming. Can the We Company survive the storm? The co-working industry鈥檚 resilience will be tested. WeWork says its billions will help it through
WeWork co-founder Miguel McKelvey, Adam Neumann, CFO Artie Minson, and Vice Chairman Michael Gross in a bunker made out of money (Credit: Getty Images and iStock)
UPDATED, April 25, 2019, 1.07 p.m.: In January, Adam Neumann went on CNBC to quiet concerns that his company, WeWork, was in trouble. News had just broken that SoftBank Group, WeWork鈥檚 primary investor, had walked back a $16 billion deal, and Neumann, with celebrity pal Ashton Kutcher in tow, wanted to reassure the world that demand for his office-space-as-a-service company was still high. In fact, he said, it was increasing.
鈥淚n Q4 of 2018 we鈥檝e seen a big drop in the market, WeWork has never grown faster,鈥?Neumann said. 鈥淲e would use the opportunity of a downturn to grow faster.鈥?/p>
Flexible office leasing has long been part of the office market, and has gone through more than one boom-and-slump cycle. But co-working 鈥?the modern, jazzed-up, socially conscious avatar of flexible office leasing that WeWork pioneered and dominates 鈥?is yet to be tested by a downturn. If one were to come to pass, WeWork鈥檚 model would face its first existential test.
WeWork鈥檚 latest financials show that 2018 revenue about doubled year-over-year to $1.82 billion. However, net losses in that same period more than doubled, to $1.93 billion, and the company鈥檚 marketing spend almos[……]
Steam is whole 2018 great sell an activity to basically be shifted to an earlier date to divulge especially, allhallows sells especially, autumn sells especially, winter sells especially is recently just say to development business, v company is to be in commonly be restricted only developer is entered announce on the forum that be stationed in, but the message always won’t keep secret too long. Twitter user @SkrSkrGVNG reveals the time before, include the Christmas sells especially and autumn sells especially. And Steam winter sells time to also be divulged to come out especially now. Expect according to exploding, the last time is great 2018 the winter that sales promotion is Steam sold especially, will at time of American Pacific Ocean on December 20 morning 9:55 open, on January 3, 2019 morning at 10 o’clock 05 ends. Beijing time will be on December 21 before dawn at 1 o’clock 55 open, on January 4, 2019 before dawn at 2 o’clock 05 ends. When this year August, the hearsay says Steam shines quickly to sell especially regression, but the sales promotion way that in the great sales promotion this year actually we did not see this tradition, winter sells the likelihood to also won’t have especially shine quickly to sell especially. [……]
Granzella company announces today, strategy of card of subordinate and famous face cards kind game makes Switch newly ” be inferior to putting in big chaos ‘s charge 1553 dragon Hu Xiangbo ” will release freely at rising on January 3, 2019, and game autograph also will be changed for ” be inferior to putting in big chaos ‘s charge – Starting Over- ” . · ” be inferior to putting in big chaos ‘s charge ” it is the strategy that collects all sorts of card technically to fight kind game, the series in the past 2 make landed PlayStation Portable platform to suffer fully reputably, make newly ” be inferior to putting in big chaos ‘s charge 1553 dragon Hu Xiangbo ” will be the 3rd work that series lands platform of plane of sport of second for generations first. · is newest and free change ” be inferior to putting in big chaos ‘s charge – Starting Over- ” a variety of new element still will be added when updating, increase new game regulation ” blast model ” ; Increase new ” municipal instruction ” ; Increase new card to wrap ” fierce of cloth of the world of 1576 Prince of the Devils ” etc, the young associate that has Switch leader was not missed. [……]
As one of content of season ticket and special edition, ” barrow beautiful shadow: Umbra ” newest DLC — ” the cost that seek to live on ” roll out formally today, we let see Laura facing what kind of challenge in new venture below. ” barrow beautiful shadow: Umbra ” the cost DLC that seek to live on is premonitory (in video examine and verify, please later) :
Unlock fatigue pulls the mystery of the oldest natural enemy! Broken interpret emperor 31 leader close words while, fatigue pulls · Ke Laofu to must conquer the mephitical that overflow cloth is brand-new barrow challenge, still must be in top Payididi fights a way of a blood in the soldier. it is challenge of brand-new single person barrow, offer brand-new define option oneself, include ” the hunter is pretended ” attire, ” silent hammer is pricked ” handgun, and can make Laura tracks the enemy continuously ” the eye of bird of prey ” skill. The cost DLC that seek to live on is returned Jie Suoyuan the time challenge of the barrow inside this game masterstroke plays law and integral mode to play a way. ” barrow beautiful shadow: Umbra ” the cost DLC price that seek to live on 32 yuan, already rolled out now. [……]