Danny Granger

Ex-ballers to NBA stars: Don’t let RE investors scam you Danny Granger and Devean George spoke at playe上海贵族宝贝 上海千花网龙凤论坛rs’ symposium

From 上海龙凤论坛 新上海贵族宝贝论坛left: David Eyzenberg, Devean George and Danny Granger

UPDATED, June 28, 5:00 p.m.: In his final year in the NBA, Danny Granger took home more money from his real estate investments than he did from his Miami Heat paycheck. “That’s when it really, really hit me,” he said Monday. “What am I doing? My knees hurt, my back is killing me. That was it. I was done.”

Granger’s audience of professional basketball players erupted in a knowing laugh. Some of the veterans, like Steve Bla爱上海同城对对碰 爱上海同城论坛ke and Kevin Martin, knew only too well the pain of hitting the wood day after day. Others, such as Atlanta Hawks star Paul Millsap, are still in their prime, and still others, such as Boston Celtics player Kelly Olynyk, only recently broke into the NBA. Age differences aside, the players had two things in common: they made a lot of money playing basketball and they are thinking of putting some of it into real estate.

This week, the National Basketball Players’ Association held its second real estate symposium in Manhattan. Like last year, it was taught by David Eyzenberg, founder of real estate investment banking firm Eyzenberg Company, adjunct professor at NYU and Columbia, and until recently a broker at Avison Young. The NBPA invited two ex-players who are now real estate developers as speakers to give advice. And if you believe former Indiana Pacers All-Star Danny Granger and former Los Angeles Lakers forward Devean George, real estate is a shark tank.

“These dudes, they are cutthroat,” Granger said of some professional property investors. “You always gotta be careful because they will try to screw you the quickest way possible.” Granger found that real estate pros often assumed he was stupid because he was an athlete.

“I always used that to my advantage, he said.  I wasn’t dumb and stupid. And it’s helped me in deals where they just kind of underestimated me.”

When Granger was in high school, he was reportedly offered a place at Yale. He went to Bradley University instead, became a basketball star, and earned tens of millions of dollars over a decade in the NBA until he retired last year. On the side, he also built up a real estate investment company, which, he says, now has construction and property management divisions and oversees a 200-plus-property portfolio (mostly income-producing rental buildings in secondary markets).

“The last three years of上海贵族宝贝论坛 上海贵族宝贝 my career I was more interested in real estate than basketball,” he said.

The NBPA s real estate symposium comes after years of growing scrutiny on athlete wealth management (or the lack thereof). In 2009, Sports Illustrated published a report claiming 60 percent of NBA players go broke within five years of retirement. The main culprits: bad financial advice, divorces and extravagant lifestyles. Fraud was another issue. Earlier this year, former NBA player Tate George was sentence[……]

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Industrious Co

Brooklyn co-working company Industrious raises $37M Series B round brings total funding to $51M

Jamie Hodari and Industrious at 594 Dean Street in Brooklyn

Brooklyn-based co-working company Industrious raised $37 million in a Series B funding round, the startup announced Tuesday.

Riverwood Capital led the round, which also included Outlook Ventures and Maplewood and brought Industrious’ total funding to $51 million to date.

Industrious is one of a handful of firms looking to challenge $16 billion behemoth WeWork in the nascent co-working industry. The firm’s co-founder and CEO Jamie Hodari told The Real Deal that it plans to spend the bulk of its new funds on building out and opening new co-working spaces across the U.S. It currently runs a dozen spaces, including one in Brooklyn at 594 Dean Street, and wants to add 12 more.

Unlike most of its peers, Industrious chose to expand to different cities before growing within New York and has locations in places like Raleigh, St. Louis and Minneapolis. Meanwhile, its competitor The Yard has nine locations in New York and only one outside (in Philadelphia).  WeWork, which currently claims to have 112 spaces in 33 cities around the globe, also started off by opening several locations in New York before venturing out to new markets.

Hodari pointed to the competitiveness of New York’s co-working m上海贵族宝贝交流区 上海贵族宝贝论坛arket where dozens of firms fight for market share and to the potential benefit of being present in different cities.  “There’s enormous advantages to scale,” he said, arguing that customers value the ability to find offices in places they travel to. He also argued that being in different cities gives it a better handle on what customers there want, making it easier to grow later on. “You might scale vertically in one market to a very large scale, and then it’s very hard to say to investors whether you’ll succeed in Cleveland,” he said.

Prior to founding Industrious, Hodari ran Kepler, a nonprofit university for developing countries. The other co-founder, Justin Stewart, is a former vice president at Madison Realty Capital and served as director of acquisitions for Windham Development.

Industrious seeks to set itself apart by appealing to more “mature” (in the word爱上海 爱上海同城手机版s of Hodari) tenants companies that prefer a quiet office suit上海千花社区 上海千花网交友able for corporate meetin上海龙凤论坛sh1f 上海龙凤论坛gs, rather than a common beer keg. In practice, this means Industrious has kept its spaces far smaller than the average WeWork (its Brooklyn location on Dean Street totals less than 20,000 square feet), which it claims makes them more quiet.

“I would say if you look at a lot of our comp上海夜网论坛 上海夜网etitors, the look and feel is appealing to a very different sense of style,” Hodari said, “something that is noisy and loud and exciting.”

Tags: Co-working NYC, the yard, wework
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Trump Tower NYC

Meet the convicted criminals wh新爱上海同城对对碰论坛 上海同城对对碰交友社区o lived in Trump Tower Building has been home to questionable characters over the years

The Trump Tower at 725 Fifth Avenue

Trump Tower has been hom爱上海同城论坛 爱上海同城e to a long line of criminals over the years some with ties to Donald Trump.

上海贵族宝贝论坛 上海贵族宝贝One of them was Joseph Weichselbaum, a helicopter pilot who flew customers to Trump casinos and spent years in prison for cocaine trafficking. “爱上海龙凤419桑拿 上海龙凤论坛sh1fIt was fine, other than parking issues,” Weichselbaum said to Bloomberg of the building. “And try getting a bagel or a container of milk.” Weichselbaum was indicted for drug trafficking in 1985. Trump wrote a letter in his defense, calling him a “credit to the community.” While he was in prison, his girlfriend bought two units in Trump Tower and Weichselbaum lived there after his release.

Art dealer Helly Nahmad, imprisoned for illegal gambling, and former FIFA official Chuck Blazer, who pleaded guilty to corruption, also had units in the tower. Former FIFA official Jose Maria Marin, who was charged with bribery, is currently living in the tower under house arrest.

Mel Cooper, who was convicted of mob-related racketeering in 1985, bought two pads in Trump Tower in the mid-90s. His dogs Cookie and Cookie Jr. were said to have made a habit of “barking hysterically” as people walked by, leading to a 2007 c爱上海 爱上海同城手机版ourt complaint by the condo board.

And last but not least, Haiti’s tyrant dictator Jean-Claude “Baby Doc” Duvalier allegedly bought a $1.6 million Trump Tower apartment through a Panamanian company, according to a 1986 lawsuit by his own country. [Bloomberg] Konrad Putzier

Tags: Donald Trump, trump tower
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Marx Brothers Playground

Not playing 爱上海同城 爱上海around: Lawmaker上海千花社区 上海千花网交友s want to close East Harlem playground to make way for a new resi tower Avalon Bay would relocate 1.5-acre Marx Bros. playground, but advocates are concerned about precedent

With backing from city lawmakers and Mayor Bill de Blasio, state Sen. Joe Serrano and Assemblyman Michael阿拉爱上海同城 爱上海龙凤419桑拿 Benedetto introduced bills that would shut down the Marx Brothers Playground on Second Avenue and East 96th Street within the week, reported the New York Post.

The 1.5-acre playground is on the site of a 1,100-unit mixed-income residential tower that will be the tallest apartment building north of 6新上海贵族宝贝论坛 上海贵族宝贝交流区0th Street.

The project is a partnership between developer Avalon Bay and the NYC Educational Construction Fund. In addition to a 720-foot residential tower, plans call for three new schools.

The developers plan to build a replacement playground on the site.

But neighborhood advocates aren t satisfied. This would set a very bad precedent for developers and city officials being able to go around existing zon上海千花社区 上海千花网交友ing regulations,” said Geoffrey Croft of NYC Park Advocates. “Literally, no parks and other public land would be safe in the city.”

A spokesperson for the mayor said the developers would bring the first new high schools to East Harlem in 50 years. They come alongside 300 permanently affordable apartments, new jobs for local residents and a full replacement of the playground,” Freddi Goldstein, the spokesperson, said.  [NYP] E.B. Solomont

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Top Office Leases NYC

The top 10 NYC office leases in July Cushman & Wakefield had a hand in four of the biggest leases

Clockwise from left: 1 World Trade Center, 55 Hudson Yards and 1 Manhattan West

Manhattan office leasing is picking up steam this summer. Activity was up in July, the second consecutive month with a spike in deal-making. Cushman Wakefield was the top brokerage, having been involved in four of the top 10 deals made public in July. CBRE was not far behind, having a hand in three of the top 10 deals last month.

Together, the top 10 biggest office lease deals in Manhattan made public during July totaled 1.22 million square feet, up 284,000 square feet from June, where the top 10 deals totaled 939,000 square feet. The total during July was also up over 600,000 square feet fr爱上海同城论坛 爱上海同城om May, where the top 10 deals totaled just 611,000 square feet.

1) 1199SEIU Healthcare Workers East, 498 Seventh Avenue, Midtown South 580,000 square feet

The healthcare union and its benefit fund inked a lease for 580,000 square feet of office space at 498 Seventh Avenue. The union will take 14 floors in the 25-story building, giving 400,000 square feet to its fund, and keeping the remainder, 180,000 square feet, for itself. Matt Coudert from George Comfort Sons represented the landlord in-house, while Mary Ann Tighe, Ken Meyerson and Brendan Herlihy of CBRE and Jonathan Serko, Richard Serko and Ed Donnery of Cushman represented the tenant.

2) Cooley, 55 Hudson Yards, Hudson Yards 130,000 square feet

The Silicon Valley-focused law firm inked a lease for 130,000 square feet of office space at 55 Hudson Yards, totaling five floors, in the 50-story tower, relocating from its former location at 1114 Sixth Avenue in Midtown. Stephen Winter of Related Companies and Bob Alexander and Howard Fiddle of CBRE represented the landlord, Related Hudson Yards, while Mosh阿拉爱上海同城 爱上海龙凤419桑拿e Sukenik, Aaron Katz, Patrick Nalls, Michael Shuler and Brian Cohen of Newmark Knight Frank represented the tenant.

3) Spotify, 4 World Trade Center, Tribeca 100,000 square feet

The music streaming giant extended its lease for an additional 100,000 square feet at 4 World Trade Center, bringing its total to 478,000 square feet. With the extension, Spotify now occupies three additional floors of the 72-story tower. Landlord Silverstein Properties represented itself with an in-house team, along with co-representation from CBRE. JLL represented the tenant.

4) Hospital for Special Surgery, 777 Third Avenue, Turtle Bay 98,600 square feet

The surgical hospital inked a sublease deal for for 98,600 square feet at 777 Third Avenue for the second through fifth floors of the 38-story tower. Asking rents for the space were roughly $60 per square foot. Heather Thomas, Dale Schlather, Michael Burlant, Greg Herman and Jon Fales of Cushman represented the landlord, cosmetics giant Avon, while Brian Given and Sheena Gohil of Colliers International represented the tenant.

5) Stagwell Group 1 World Trade Center, Financial District 83,000 squa[……]

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West Village Shuttered Storefronts

See retail s shattered dreams in the West Village: MAP Vacant storefronts are spreading in o上海同城对对碰交友社区 上海夜网论坛nce-vibrant neighb爱上海同城 爱上海orhood

If sections of Bleecker and Christopher streets look a little post-apocalyptic, you can blame the retail real estate market.

Amid skyrocketing rents and competition from e-commerce giants like Amazon, a growing number of stores and restaurants in the West爱上海龙凤419桑拿 上海龙凤论坛sh1f Village shut down in recent years. Photojournalist Ben Fractenberg walked through the neighborhood to map vacant storefronts, which seem to be everywhere.

“Everything is gone. I don’t know how a business could spend that much money,” one resident told Fractenberg. “This whole area used to be more little shops. It’s sad.”

The New York Times broke down Bleecker Street’s retail vacancies last year, but the epidemic is also spreading to nearby Sixth and Seventh avenues and other side streets.

The Real Deal previously mapped retail vac上海夜网 阿爱上海同城ancies on the Upper East Side and in Soho. [Medium] Konrad Putzier

Tags: Commercial Real Estate, NYC Retail Market, West Village
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Princess Gloria von Thurn und Taxis

Oh Mein Gott!: Germany s Princess Gloria sells Flatiron co-op for $5.2M Socialite and art collector paid $3.3M for it in 2006

Princess Gloria von Thurn und Taxis and 14 West 17th Street (Credit: Getty Images)

The Punk Princess has sold out.

Her highness Gloria von Thurn und Taxis, the German princess best known as a 1980s style icon上海贵族宝贝交流区 上海贵族宝贝论坛, sold her Flatiron co-op at 14 West 17th Street for $5.2 million, documents recorded with the city Wednesday show.

The 4,000-square-foot, 10th-floor unit sold to eye surgeon Christiana Pieroni. Princess Gloria bought it in 2006, paying上海千花网 爱上海同城对对碰 $3.2 million. It then went on the market in 2015 at a listing price of $6.75 million.

Donna Olshan of Olshan Realty re-listed it in April and br上海千花社区 上海千花网交友okered the sale. The loft building, a former factory, was converted in 1976.

Once known for throwing rambunctious parties, Prin新爱上海同城对对碰论坛 上海同城对对碰交友社区cess Gloria, now in her late 50s, collects art and dabbles in portrait painting, according to Vanity Fair. Her late husband, Prince Johannes, died in 1990 leaving behind a half-billion dollars in debt.

We never went to bed before five A.M. in the morning, the princess told Vanity Fair, recounting her heady days as the only peacock-haired royal among Manhattan s social elite who had also once received Holy Communion from a Bavarian bishop while wearing a witch hat.

Tags: celebrity爱上海同城论坛 爱上海同城 real estate, Residential Real Estate
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Moinian Group

Moinian lands $140M refi for FiDi resi tower The lender is Pennsylvania-based Berkadia

Ocean at One West Street and Joseph Moinian

Moinian Group landed a $140 million loan for Financial District residential tower Ocean at On新上海贵族宝贝论坛 上海贵族宝贝交流区e West Street.The new debt replaces a $135 million Berkadia Commercial Mortgage loan from 2012, according to records filed with the city Wednesday. The new loan, al上海千花网交友 上海千花网论坛so from Berkadia, is a 3.99 percent fixed-rate loan that includes a $12.5 mill爱上海 爱上海同城手机版ion gap mortgage. Berkadia secured the ten-year financing through Freddie Mac.The property, which sits between West Street and Washington Street near Battery Park City, is part of the two-property residential-and-office complex dubbed 17 Battery Place.The loan covers Unit 1 — the basement, ground floor and floors 14 to 31 — in the South Building, which spans 512,500 square feet, according to the condo declaration for the property.The 31-story tower was built in 1902 as an office building and converted to residential use in 1999. It contains 492 units.“After investing in Lower Manhattan over 20 years ago, we are very satisfied with the prosperous transformation that has gotten the neighborhood to where it is today,” said Joseph Moinian, Moinian Group founder and CEO.Liberal arts college Nyack College owns a portion of the North Building, also known as 2 Washington Street. Other 上海夜网 阿爱上海同城tenants in the complex include financial firm Continental Stock Transfer and Trust Company, the city s Department of Buildings and Ambac Financial.Ta上海龙凤论坛 新上海贵族宝贝论坛gs: 17 battery place, moinian group, Residential Real Estate
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Manhattan Condo Inventory

Source: TRData analysis of plans approved to sell by NYS AG in December

LARGEST CONDO PROJECTS FILED

Sour上海千花网 爱上海同城对对碰ce: TRData analysis of NYS AG and NYC Dept. of Finance records for units in condo projects that 上海贵族宝贝交流区 上海贵族宝贝论坛sold in December

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Billionaire’s mega

Some residents from the township of Montclair are in an uproar over a proposal to erect a 60,000-square-foot mansion adjacent to the Eagle Rock reservation in Essex County, according to NorthJersey.com, which noted that if built, the “Lloyd Estate” would be larger than the White House and rival President Donald Trump’s Mar-a-Lago estate in Palm Beach, Florida. The outlet reported that Turkish billionaire Melih Abdulhayoglu, founder of Clifton-based cybersecurity firm the Comodo Group, appears to be the owner of the property after his name appeared in building proposal documents recently filed in Montclair. Plans for the sprawling estate reportedly include a billiard room, bowling alley, movie theater, two elevators, indoor and outdoor pools, a gym, spa and an 11-car garage. If approved, the mansion would be similar in size to Microsoft co-founder Bill Gates’ own “Xanadu 2.0” estate outside Seattle. NorthJersey.com reported the site of Abdulhayoglu’s proposed palace required the purchas新上海贵族宝贝论坛 上海贵族宝贝交流区e of two separate homes on six acres in Montclair that were both razed in February. The publication reported that local residents have voiced dissension over the destruction when the the pair of properties — a Civil War-era home at 14 Undercliff Road that sold for $3.88 million in January 2018 and a 1907 seven-bedroom mansion at 172 Lloyd Road that traded for $3.4 million last July — were leveled before 阿拉爱上海同城 爱上海龙凤419桑拿sche上海龙凤论坛 新上海贵族宝贝论坛duled meetings with historic preservation and zoning officials. [NorthJersey.com]

Tags: New Jersey
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