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Prince Home

Prince Rogers Nelson died上海龙凤论坛 新上海贵族宝贝论坛 April 21 at Paisley Park Studios, his estate and studio in Chanhassen, Minnesota, outside Minneapolis. Named after the Prince song Paisley Park and the now defunct record label, the production complex features recording studios, a nightclub, rehearsal space, offices, and private space for the award-winning musician.

Prince spent the majority of his time at the $10 million, 65,000-squar新上海贵族宝贝论坛 上海贵族宝贝交流区e-foot space, but he didn t always live there.

The estate could now become a museum, according to Prince s brother-in-law Maurice Phillips.

Though Prince was notoriously secretive about the mansion, these photos offer a glimpse into Prince s creative hub:

Paisley Park was designed by L爱上海龙凤419桑拿 上海龙凤论坛sh1fos Angeles architect Bret Theony and was completed in 1987.

The front lobby features second-floor balconies and clouds painted on the walls, as well as pyramidal skylights. Prince s Love Symbol No. 2 glyph is featured prominently on the flo阿爱上海同城 阿拉爱上海同城or.

The estate includes a relaxing music room with Prince s signature purple hue filling the space.

The first floor features many production spaces, including recording studios, a sound stage, and a rehearsal hall.

爱上海同城手机版 新爱上海同城对对碰论坛

The lack of windows in the studios allowed him to work without time constraints.

The second floor features executive offices and private quarters. There is also a vault, which holds Prince s famous stockpile of unreleased music and master recordings.

Prince even had a private nightclub that features a dance fl[……]

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Frank Coco

Trio of Cushman leasing brokers jumps to JLL Frank Coco, Owen Hane and Don Preate will serve as executive managing directors

From left: Owen Hane (credit Facebook), Don Preate and Frank Coco

A New York office leasing team at Cushman Wakefield is leaving for JLL, just days after Cushman nabbed the top investment sales team in the city, sources told The Real Deal.

Owen Hane served as an executive director at Cushman, while Don Preate and Frank Coco were both executive vice presidents. They have largely handled tenant representation for firms such as Norway-based DNB Bank, Publicis subsidiary LBi and analytics software firm Media iQ Digital.

At JLL, they will each be executive managing directors, providing tenant representation and agency leasing services as well as new business services in the New York area, said a JLL spokesperson who confirmed the move. They will serve under Phil Palmer, executive managing director and head of JLL’s New York brokerage operations.

“Frank, Owen and Don are an experienced team and will be a terrific fit with our existing high-producing professionals, said Palmer. They will provide crucial support in growing J新爱上海同城对对碰论坛 上海同城对对碰交友社区LL’s presence in the New York metropolitan area.

A spokesperson for Cushman declined to comment, as did the brokers.

The brokers recently represented DNB Bank in a 45,000-square-foot lease at 30 Hudson Yards.

Hane, Preate and Coco are all industry vets, with about 30 years apiece working in New York-area commercial real estate. Coco jo[……]

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Alan Washington

Do上海千花网 爱上海同城对对碰wntown Brooklyn Partnership managing director of real estate leaving for
Success Academy Alan Washington’s departure follows that of Tucker Reed

Alan Washington

The Downtown Brooklyn Partnership s managing director of real estate has left for Success Academy, the charter school founded by Eva Moskowitz.

Alan Washington stepped down from his post at the partnership, where he oversaw real estate consulting services, research and planning. He will serve as director of real estate at Success, a charter school headed by Moskowitz, who President Donald Trump, at one time, considered appointing education secretary. Washington declined to comment.

Alan made a significant contribution to the DBP team and will be missed, DBP President Regina Myer said in a statem上海龙凤论坛 新上海贵族宝贝论坛ent. We wish him well at what promises to be an exciting new challenge.

The school has been the source of some controversy over the past few years. Earlier this week, City Council Speaker Melissa Mark-Viverito called on the New Yorkers to protest Success after Moskowitz invited House Speaker Paul Ryan to the school.

Washington s departure from the DBP comes roughly a year after Tucker Reed, former president of the firm, left to form a real estate consulting business, Totem. The firm recently teamed up with the Rabsky Group on what was initially going to be an office development at 625 Fulton Street. The developer, however, just scooped up a neighboring site for $68 million and is now mulling a larger residential or[……]

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CMBS

Clockwise from top left: The GM Building, the Mark Hotel and 731 Lexington Avenue (Credit: Macklowe, Twitter and Vornado)

For much of 2016, real estate finance types worried that new risk retention rules would put a sizable dent in the Commercial Mortgage Backed 爱上海龙凤419桑拿 上海龙凤论坛sh1fSecurities market. It seems those fears were overblown.

Between January and July $47.4 billion in new CMBS debt was issued, according to Commercial Mortgage Alert, up from $37.9 billion in the same period爱上海龙凤419桑拿 上海龙凤论坛sh1f last year. And the trend looks set to continue: for September alone $16 billion in new CMBS are ready to be sold.

The risk retention rule, which went into effect in December, requires issuers to keep 5 percent上海贵族宝贝 上海千花网龙凤论坛 of bonds on their books. “At上海千花网龙凤论坛 上海千花社区 the end of last year, there were a lot of folks who were saying we may not get to what we did in 2016,” Robert Grenda of Morningstar Credit Ratings told the Wall Street Journal. “There was some real concern about risk retention.”

But while the rule pushed some sma上海贵族宝贝 上海千花网龙凤论坛ller firms out of the business, larger issuers quickly adjusted.

CMBS volume for 2017 will likely still fall short of the 2015 total of $106.2 billion. In 2007, CMBS firms sold a record $314 billion in new bonds. [WSJ] Konrad Putzier 

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Adaptive Reuse

Historic luxury has got Australian buyers and New York developers excited Too bad about the long-distance relationship

(Credit: front image by Pixnio; back image by Pixabay)

Over the past five years, Australia s high-end爱上海龙凤419桑拿 上海龙凤论坛sh1f residential market has been falling more and more in love with adaptive reuse, the practice of restoring historical buildings and converting them into residential units.

New York s having a similar experience with its developers seeing the potential for unique features in the old buildings turned home上海千花网 爱上海同城对对碰s.

Projects in both places are converting everything from churches to factories, from old mansions to old storefronts into residential spaces.

In Sydney, the adapted properties are bringing in top dollar with the units in one converted 1876 sandstone house selling for $1.15 million for a studio, around $3 million for a two-bedroom and almost $4.5 million for a three-bedroom on higher floors. The median price in Sydney for an average two-bedroom is $870,000, and about $1.6 for a three-bedroom.

The apartments hit the market in August and 50 percent sold the same morning, according to Mansion Global.

Meanwhile, in New York, developers are seeing the value of building feature阿拉爱上海同城 爱上海龙凤419桑拿s that have become all but unheard of in most projects today. Naftali Group s Shephard residential development in West Village preserved the ceilings and detailing in the former industrial building s brick and granite masonry because it was one-of-a-kind.

“E爱上海同城手机版 新爱上海同城对对碰论坛ven if we co[……]

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Kushner Companies

Kushner Cos. scored big loans after lenders met with Jared at the White House: report Family firm, l爱上海 爱上海同城手机版enders deny they discussed real estate business during meetings

The White House, Dumbo Heights, Apollo’s Joshua Harris, Citig阿拉爱上海同城 爱上海龙凤419桑拿r上海龙凤论坛 新上海贵族宝贝论坛oup’s Michael Corbat and Jared Kushner (Credit: Dumbo Heights, Getty Images and Citigroup)

Kushner Companies received more than $500 million in loans last year from lenders who had recently met with Jared Kushner at the White House, the New York Times reported. The loans are the latest instance in a continued line of dealings that represent potential conflicts of interest between Kushner’s government and business roles.

Early las爱上海同城手机版 新爱上海同城对对碰论坛t year, Apollo Global Management co-founder Joshua Harris met with Kushner several times at the White House, three people familiar with the meetings told the Times. Harris, who was advising the Trump administration on infrastructure policy, discussed a possible White House job that never materialized.

But in November, Apollo lent Kushner Companies $184 million to refinance the 30-story Chicago office building that’s home to AT T, which the company bought in late 2007 for $275.7 million.

Kushner also met earlier last year with Citigroup chief executive Michael Corbat, according to the Times. The two discussed financial and trade policy and did not talk about the family real estate business, one person told the newspaper.

Shortly after the meeting, Citigroup in the spring lent Kushner Companies and an unnamed[……]

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Berkshire Hathaway

What s in a name? Berkshire Hathaway ramps up real estate expansion, brand recognition campaign Brokerage was second-largest in nation

Warren Buffett

The Berkshire Hathaway name — once just the unseen parent company of Dairy Queen, Geico and several other consumer-facin上海夜网论坛 上海夜网g companies  — is starting to get a lot of attention.

That s largely because the Warren Buffett-led conglomerate is expanding its residential brokerage Berkshire Hathaway HomeServices, one of the first of the company s subsidiaries to don the parent company s name. HomeServices was the nation s second-largest residential brokerage last year, and Buffet is intent on growing the business even further and enter new markets, like New York City.

There are pros and cons to tying the brokerage business so closely to the parent company s name. Some customers will be drawn to the company simply for its affiliation with Buffett. That connection can cut both ways, 上海千花社区 上海千花网交友though.

“When you get a disgruntled customer, it might go straight up to Warren,” said Gino Blefari, chief executive of Berkshire Hathaway HomeServices.

And it s also unclear how Berkshire will fair in New York, given the city s general aversion to outside national brands. Coldwell Banker, Century 21 and other brands have learned that lesson the hard way.

Berkshire s brokerage reported $220 million in earnings last year, down from previous year s $225 million due to increase expenses, according to the company s annual report. Revenue grew by 23 percent t[……]

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Barone Management

Scott Barone and the Angel Guardian Home at 6301 12th Avenue (Credit: Google Maps)

Scott Barone’s Barone Management closed on the $37.阿爱上海同城 阿拉爱上海同城5 million acquisition of the former Angel Guardian home in Dyker Heights from the Sisters of Mercy, the company said Thursday.

Barone plans to build a 300,000-square-foot mixed-use project at 6301 12th Avenue including 150 market-rate condos along with affordable rental units, senior housing and a school. Construction is set to start in 2019.

According to Barone, the sale includes a deed restriction requir爱上海同城对对碰 爱上海同城论坛ing 15 percent of residential units to be affo上海千花网交友 上海千花网论坛rdable. 60,000 square feet will be set aside for the school and senior housing.

Madison Realty Capital funded the acquisition with a $27 million loan package.

Brooklyn Paper first reported Barone’s development plans. Some local residents opposed the construction project and pushed for the property爱上海同城对对碰 爱上海同城论坛 to be landmarked.

“We’ve been working closely with local elected officials and community leaders for months in order to craft a plan suited to meet the specific needs of local residents,” Scott Barone said in a statement.

CBRE上海龙凤论坛 新上海贵族宝贝论坛 s Daniel Kaplan, Tim Sheehan and John Reinertsen marketed the property.

In June, Barone bought two Jamaica development sites for $20 million with plans for two apartment buildings and a charter school.

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