NYC Flood Maps

FEMA to redraw NYC flood maps after de Blasio appeal Change could lower insurance bill for many New Yorker上海千花网 爱上海同城对对碰s

Flooding in the New York City Subway due to Hurricane Sandy (credit: vcohen)

Fewer New Yorker may be forced to buy flood insurance in the future, thanks to an appeal by Mayor Bill de Blasio s administration.

The M新上海贵族宝贝论坛 上海贵族宝贝交流区ayor’s office asked the Federal Em上海贵族宝贝论坛 上海贵族宝贝ergency Management Agency (FEMA) to redraw New York City’s flood maps, arguing that they are too pessimisti爱上海龙凤419桑拿 上海龙凤论坛sh1fc, and the agency agreed to do so.

Our city needs precise flood maps that reflect real risks, both today and years from now—and we have to do that fairly, de Blasio said in a statement.

The new maps will likely shrink the boundaries that determine who is required to buy flood insurance.

Shortly after Hurricane Sandy hit New York in October 2012, FEMA redrew 上海贵族宝贝论坛 上海贵族宝贝the city’s flood maps for the first time, doubling the number of homes that required the purchase of flood insurance to qualify for federally-backed mortgages. Meanwhile, the 2012 Biggers-Waters Act had ended a de-facto federal subsidy of flood insurance, causing premiums to rise dramatically.

The agency will now analyze flood data to draw new maps. Until that’s done, insurance rules will be based on 2007 flood maps and construction will be based on 2015 maps, Crain’s reported. [Crain’s]  Konrad Putzier

Tags: bill de blasio, fema, flood insurance, Hurricane Sandy
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Donald Trump Conflicts

President-elect Donald Trump will not sell off his sprawling business empire Will instead put his holdings into a trust controlled by sons, Trump Org. exec

From left: Donald Trump Jr., Donald Trump, Allen Weisselberg and Eric Trump (Credit: Getty and Trump Organization)

In his first press conference since the election, President-elect Donald Trump announced that he will not completely divest from his vast business holdings an新上海贵族宝贝论坛 上海贵族宝贝交流区d would instead place his assets in a trust controlled by his sons Donald Trump, Jr. and Eric Trump and a trusted executive at the Trump Organization.

The president-elect and his daughter Ivanka Trump will both leave their executive roles上海千花网论坛 上海千花网 at the Trump Organization, putting the company in the hands of Donald Trump Jr., Eric Trump and Trump Organization CFO Allen Weisselberg.

Standing next to a table stacked with dozens of document-packed file folders, Trump attorney Sheri Dillon detailed the president-elect s plan to distance himself from his wide-ranging business interests, several times emphasizing that Trump was taking the measures voluntarily because conflict of interest laws do not apply to presidents, she said.

“He instructed us to take all steps realistically possible to make it clear that he is not exploiting the office of the presidency for his personal benefit, Dillon said, noting that Trump “will resign from all officer and other positions he holds with the Trump organization entit上海千花网 爱上海同城对对碰ies.”

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4 East 66th Street

Socialite re-lists UES co-op for $65M At $9,285 per sf, Shafi Roepers’ third-floor pad is asking a premium

4 East 66th Street and Shafi Roepers (Credit: Getty Images)

Socialite Shafi Roepers Upper 爱上海龙凤419桑拿 上海龙凤论坛sh1fEast Side co-op is back on the market for $65 million — with no discount in sight.

The third-floor pad at 4 East 66th Street was listed in late 2015 at the same price for seven months, before being yanked off the mark新上海贵族宝贝论坛 上海贵族宝贝交流区et in May 2016.

At approximately 7,000 square feet, the massively grand and vast co-op is still asking $9,285 per square foot, according to the listing. That s in the ballpark 爱上海同城 爱上海of some of the priciest units at new development condos like One57 and 432 Park Avenue, where an $87.7 million condominium traded for over $10,600 square feet last year.

This apartment — far closer to sidewalk level — has five bedrooms and eight bathrooms, and it was renovated by leather-obsessed architect Peter Marino, who has designed stores for retailers like Louis Vuitton and Christian Dior. Maintenance is $17,987 monthly. Serena Boardman at Sotheby s International Realty has the listing.

The exclusive, J.E.R. Carpenter-designed building has been home to other well-known residents, including the late Alan Ace Greenberg, former CEO of Bear Stearns. Microsoft co-founder Paul Allen paid $25 million for the penthouse in 2011, property records show.

In July, Tiger Global Management s Chase Coleman III picked up the fifth floor of the building fo爱上海同城 爱上海r $52 million from Gracie C[……]

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John Legere

John Legere and 91 Central Park West

John Legere, the unconventional CEO of T-Mobile, is 上海千花网交友 上海千花网论坛cutti上海贵族宝贝论坛 上海贵族宝贝ng out of New York.

Known for his pink T-shirts and online c爱上海同城手机版 新爱上海同城对对碰论坛ooking show, Legere listed his four-bedroom apartment at 91 Central Park West for $22 million, according to the Wall Street Journal.

Legere bought the 3,000-square-foot apartment for $18 million in 2015. He later received approval from the city s Landmarks Preservation Commission to acquire the rights to the building s roof in order to expand the apartment by 2,246 square feet.

Those plans never came to fruition, however, after Legere signed a three-year contract extension with the wireless carrier, which has k上海贵族宝贝 上海千花网龙凤论坛ept him in Seattle.

In its current form, the unit has 1,700 square feet of terrace space, and a tower lounge featuring 14.5-foot ceilings.

The expansion plan would preserve details like the apa上海千花网龙凤论坛 上海千花社区rtment s herringbone floors and stained glass windows, while optimizing the Central Park views and vistas, said Legere.

The apartment was reportedly once the love nest of publishing magnate William Randolph Hearst and his mistress Marion Davies. Lee Mindel, the architect hired by Legere to expand the apartment, told the Journal he found Davis initials etched into a fireplace.

CORE s Heather McDonough Domi and Henry Hershkowitz have the listing.  [WSJ] E.B. Solomont

Tags: NYC Luxury Market, Residential Real Estate
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Yoron Cohen

Yoron Cohen settles defamation lawsuit against JLL Broker claimed former bosses called him “checked out”

Yoron Cohen

Yoron Cohen settled his defamation and age discrimination lawsuit against his former brokerage JLL, according to records filed in federal court.

上海千花网 爱上海同城对对碰

Terms of the settlement were not immediately known. Cohen and JLL did not respond to requests for comment.

Cohen, one of New York’s top investment sales brokers, left JLL for Colliers International in December 2016.

Five months later, he sued JLL, alleging he was repeatedly denied contract extensions and that the company favored younger brokers. He also claimed his former阿拉爱上海同城 爱上海龙凤419桑拿 bosses called him “old,” “tired” and “checked out.”

Cohen accused JLL of defamation because an unnamed company executive told The Real Deal in January 2017 that Cohen had been told his team was underperforming. (Full disclosure: TRD received a subpoena in the case.)

Tags: Colliers International, Comme上海千花网论坛 上海千花网rcial Real Estate, JLL, Y爱上海同城手机版 新爱上海同城对对碰论坛oron Cohen
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Manhattan Luxury Market

Fisher Brothers, Witkoff and Lorber to list 111 Murray penthouse for $40M Unit spans about 7,500 sf, is being marketed to health-focused buyers

From left: Renderings of 111 Murray Street, Howard Lorber, Steve Witkoff and Winston Fisher (Credit: Redundant Pixel Studios, Getty Images and Fisher Brothers)

Months after receiving a $650 million condominium inventory loan, the developers of 111 Murray Street are ready to put a penthouse unit on the market for $40 million.

The condo spans about 7,500 square feet, taking up the entire 63rd floor of the building, which is being developed by Fisher Brot上海龙凤论坛 新上海贵族宝贝论坛hers, Steve Witkoff and Howard Lorber’s New Valley and designed by Kohn Pederson Fox, acc爱上海龙凤419桑拿 上海龙凤论坛sh1fording to the Wall Street Journal.

The developers launched sales in summer 2015, and more than 70 percent of the 上海夜网论坛 上海夜网157 units have been sold so far, according to the Journal.

The penthouse is being marketed to health-conscious buyers and features a filtration system that removes impurities and pollutants from water. Amenities include a Turkish bath, a blowout bar, glass walls and a marble fireplace. The building also has a 75-foot lap pool and fitness center.

Construction is almost done on the penthouse, although its interiors are still not finished. The New York City Fire Department rescued two workers from a suspended scaffold at the building on Friday morning.

#FDNY members from #Rescue1 #Squad18 have removed 2 workers from a suspended scaffold, 111 Murray St. Manhattan. pic.twit爱上[……]

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Case Shiller

Nationwide gains in home prices just half the story, report shows The higher prices in some major cities may be slowing the pace of sales

David M. Blitzer, Managing Director and Chairman of the Index Committee at S P Dow Jones  (Credit: iStock)

The positive news for the economy is that housing prices throughout the U.S. remained strong in May, maintaining their steady growth.

The CoreLogic Case-Shiller national home price index released Tuesday showed a 6.4 percent gain from the same period last year. That is similar to the growth recorded in April year over year.

The less positive news: Hi上海龙凤论坛sh1f 上海龙凤论坛gher home prices are affecting the pace of sales, which is slowing around the country. New home sales reached an eight-month low in June, dropping by 5.3 percent from May, while existing home sales fell for the third straight month.

David Blitzer, who leads the index committee at S P Dow Jones, said price increases are affecting affordability. Factoring income into pricing, it has “gotten consi新爱上海同城对对碰论坛 上海同城对对碰交友社区stently worse over the last 18 months,” he said.

That’s reflected in some of the larger markets around the country. In Manhattan, the number of home sales dropped by 34.2 percent year over year in May. While home prices were higher than they were a year ago, they’ve barely moved since March.

Miami too may be showing signs of slowing. The gain in prices in the second quarter was 2.3 percent less than the gain in the first quarter, according to a recent report by Attom Data Solutions.

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Tishman Speyer

Tishman Speyer will use some nonunion labor at its Hudson Yards project However, union labor accounts for 95% of awards contracts so far at the Spiral

From left: A rendering of The Spiral at 66 Hudson Blvd, Gary LaBarbera, and Rob Speyer (Credit: Tishman Speyer and Rob Speyer)

Like its developer rival the Related Comp上海龙凤论坛sh1f 上海龙凤论坛anies, Tishman Speyer won t be going entirely union for its ambitious Hudson Yards development.

With bidding for the Spiral office tower about 7上海千花网论坛 上海千花网5 percent complete, union labor accounts for 95 percent of awarded contracts by value, Politico reported. One of the nonunion contracts is with Top Shelf Electric.

The news comes as Related scraps with the Building and Construction Trades Council of New爱上海同城 爱上海 York over its plans to use nonunion labor at 50 Hudson Yards and the western portion of the project. Pro-union campaign #CountMeIn has been holding weekly rallies outside the site to pressure Related into exclusively using union labor. A spokesperson for the campaign didn’t say whether the protesters plan to target the Tishman Speyer project.

Real estate industry players have argue阿拉爱上海同城 爱上海龙凤419桑拿d that a lower share of union workers on construction projects has been driven by inflated labor costs上海夜网 阿爱上海同城. Unions have dominated commercial construction, but lack of precise data makes it difficult to identify a trend, the report said.

“Tishman Speyer is relying heavily upon the expertise and quality of union labor to build The Spiral,” a Tishman Speyer spokesperson[……]

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Biggest Office Leases NYC 2019

Clockwise from left: 199 Water Street and Adam Neumann, NoMad Tower at 1250 Broadway, 1633 Broadway and Albert Behler, and a rendering of 441 Ninth Avenue with the Lyft mustache

No particular sector dominated New York City office leases last month, with上海千花网论坛 上海千花网 large deals being inked by everything from tech companies to marketing firms to fragrance companies.

All in all, February’s top office leases made up less square footage than January’s. The top 10 office lease deals totaled 1 million square feet, fewer than January’s top 10 leases, which totaled 1.5 million square feet. Last month s top ten office leases also totaled less than the top ten office leases of February of last year, which added up to 1.2 million square feet.

1) WeWork, 199 Water Street, Financial District 201,231 square feet

The co-working firm signed a 15-year lease for 201,231 square feet of space at 199 Water Street. The lease marks the company’s first foray into the Financial District since losing out on space at One World Trade Center last year. Brett Greenberg and Adam Rappaport of Jack Resnick Sons represented the landlord in-house, along with a Cushman Wakefield team of John Cefaly, Robert Constable, Ethan Silverstein, Stephen Bellwood and Myles Fennon.

2) TransPerfect, 1250 Broadway, Garment District 130,000 square feet

The language tech firm signed a lease for 130,000 square feet of space at 1250 Broadway, becoming the building’s second major tenant, following a 130,000-square foot lease the landlord s[……]

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