Donald Trump President

White powder sent to Trump Tower, addressed to Trump Three people were evaluated by hazmat units, but risk is low: NYPD

Workers at Trump Tower found an envelope contained an unidentified white powder Thursday, addressed上海龙凤论坛 新上海贵族宝贝论坛 to the building’s owner.

Fire Department of N新上海贵族宝贝论坛 上海贵族宝贝交流区ew York hazmat units locked down Donald Trump’s campaign office in the building. Six people were there at the time, three of whom were tested for possible exposure. New York Police Department does爱上海同城 爱上海n’t believe the powder is dangerous, a spokesman said.

The city’s health department will study the powder further, the Wall Street Journal reported.

Trump himself was in California campaigning in preparation for that state’s primary election.

Mail at Trump Tower is usually opened in the basement, but this particular envelope was brought to the fifth floor and opened there, officials told the Journal.

Last month, Eric上海千花社区 上海千花网交友 Trump received envelope contained a threatening letter and nonhazardous white powder at his Manhattan apartment. [WSJ] – Ariel Stulberg

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TheGuarantors

Insurance providers are increasingly backing NYC renters who don t meet landlord requirements TheGuarantors will insure tenants who earn just 27 times the monthly rent

Stuyvesant Town-Peter Cooper Village and Julien Bonneville

In New York City’s sky-high rental market wi阿拉爱上海同城 爱上海龙凤419桑拿th median rents nearing $3,400 in Manhattan and $2,900 in Brooklyn convincing a landlord to lease out an apartment isn t always easy.

Most landlords only accept tenants with an annual income of at least 40 times the monthly rent and who have credit scores greater than 700. Now renters who can’t meet those stiff requirements, and who don’t have their own guarantors, are turning to financial services to insure them for rent payments.

TheGurantors, launched two years ago by a Columbia University grad, sells payment insurance to tenants and guarantees payment to the landlord if the tenant becomes d上海夜网 阿爱上海同城elinquent or defaults. The advantage to a landlord in high price markets like New York City is that it lowers their exposure to vacancy, the Wall Street Journal reported. The startup joins companies like Insurent, which is currently the biggest operator in the market and claims it s in over 3,000 buildings.

“It basically opens it to another category of te新爱上海同城对对碰论坛 上海同城对对碰交友社区nant,” Jonathan Miller, president of appraisal firm Miller Samuel and TheGuarantor’s advisory board member, told the Journal.

Douglas Elliman s Cliff Finn told the Journal that between 10 and 30 percent of tenants in buildings he leases are now insur[……]

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One57 Foreclosure

Does a Middle Eastern businesswoman own the One57 unit facing foreclosure? Sheri Izadpanah reportedly bought the $21.4M condo in 2015

One57 at 157 West 57th Street (Credit: Getty Images)

International businesswoman Sheri Izadpanah may be the owner of the上海同城对对碰交友社区 上海夜网论坛 luxury condominium at One57 that s become the first pad on Billionaires Row 新爱上海同城对对碰论坛 上海同城对对碰交友社区to face foreclosure.

Izadpanah, who snagged the apartment two years ago, operates a high-end lifestyle concierge company in Dubai called Louis Fourteen, the New York Post reported. She is also the associate editor of a Dubai fashion magazine, Mojeh. The magazine was founded by Iranian socialite Mojeh Izadpanah, who may be a relative, according to the Post.

The June 14 foreclosure auction is a rarity in the 爱上海同城 爱上海world of uber-luxury pads and at One57, which is home to the city s most expensive apartment, the $100.5 million penthouse.

According to the Post, Izadpanah may have purchased unit 56C through an LLC called Central Park Immobilier, which paid $21.4 million in 2015, property records 上海千花社区 上海千花网交友show. There s a lien on the property for $20.9 million plus interest and costs. Larry Tetelman, an attorney for Central Park Immobilier, declined to comment.

The four-bedroom pad, which measures 3,466 square feet, has been on the market for more than a year with an asking price of $22.5 million. Platinum Properties Khashy Eyn is marketing the pad with Cash Bernard. [NY上海龙凤论坛sh1f 上海龙凤论坛P] E.B. Solomont

(To view residential sales transactions at O[……]

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Equifax

The catastrophic theft of 143 million consumers’ personal data from national credit bureau Equifax could cause financial grief for years for homebuyers and mortgage applicants.

The odds are that some of your sensitive information was stolen — possibly your address, Social Security number, driver’s license, credit card numbers — and could now be up for grabs to the highest bidders on a Dark Web site. Equifax and the other two national bureaus, Experian and TransUnion,上海千花网龙凤论坛 上海千花社区 keep files on approximately 220 million individuals, so roughly two-thirds of consumers are potentially at risk from the breach. Ironically, the so-called “credit invisibles” — the millions of Americans with little or no information in the bureaus’ files — may be the least affected by Equifax’s security lapse.

Homebuyers and mortgage applicants, on the other hand, tend to have significant information on file at the bureaus and could run into complications soon or down the road.

Take this scenario: Say your Equifax file was looted but you’ve done little or nothing to detect fraudulent activity on one or more of your existing credit accounts. You sign a contract to buy a house and apply for a mortgage. The lender pulls your credit and confronts you with the shocking news: Your FICO credit score 上海夜网论坛 上海夜网is too low for you to qualify for the loan because you’ve been running up too much debt on one or more accounts. Your “utilization ratio” on 上海千花网龙凤论坛 上海千花社区your available credit is上海贵族宝贝 上海千花网龙凤论坛 too high and that has 上海贵族宝[……]

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Bedford

Legal Aid sues city to block Bedford-Union Armory project NYC uses flawed method to evaluate tenant displacement: organization

The Legal Aid rally against the Bedford-Union Armory (Credit: Spencer Gallop/The Legal Aid Society)

Legal Aid Society’s lawsuit opposing the contentious Bedford-Union Armory plan in Crown Heights aims to change the way the city evaluates tenant displacement.

The新爱上海同城对对碰论坛 上海同城对对碰交友社区 organization filed its litigation against the city of New York on Wednesday, claiming that the city should not be allowed to move forward with the armory because officials did not properly determine how many residents it could price out of the neighborhood.

The lawsuit argues that the city’s overall method of evaluating tenant displacement is flawed, as it assumes the only vulnerable residents are those living in unregulated apartments.

“Real-world experience shows us that the introduction of above-market units to a neighborhood puts regulated上海贵族宝贝 上海千花网龙凤论坛 and unregulated tenants alike at risk of displacement,” the suit reads.

The lawsuit cites vacancy bonuses and tenant harassme阿爱上海同城 阿拉爱上海同城nt as factors that make all tenants vulnerable and essentially invalidate the city’s decision-making p上海贵族宝贝论坛 上海贵族宝贝rocess.

“The city’s methodology not only puts Crown Heights tenants at risk but others barely making rent in every borough,” Judith Goldiner, attorney-in-charge of Legal Aid’s civil law reform unit, said in a statement. “The current proposal sets a dangerous precedent, and it will worsen displacement if[……]

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The Wing

Is this women-only co-working club violating the city s human rights law? Commission is investigating the Wing

From left: The Wing Flatiron, SoHo and co-founders Audrey Gelman and Lauren Kassan (Credit: The Wing)

Officials are investigating whether or not a women-only co-working club, the Wing, has violated the city s Human Rights Law.

The New York City Commission on Human Rights has opened a commission-initiated investigation, into whether the Wing has violated the law, Jezebel reported. The city bars busine上海贵族宝贝论坛 上海贵族宝贝sses that furnish public accommodation, includi上海贵族宝贝交流区 上海贵族宝贝论坛ng most private clubs from discriminating against customers based on gender.

“All that’s happened is that the Wing and the commission have agreed, mutually, to sit down and have a conversation,” said Karen Dunn of Boies Schiller Flexner, who is representing the Wing.

The probe is a setback for the company, which has enjoyed positive media coverage and investment interest in recent months.上海龙凤论坛 新上海贵族宝贝论坛 In November, the company raised $32 million in Series B funding, the bulk of which came from co-wor新上海贵族宝贝论坛 上海贵族宝贝交流区king competitor, WeWork. The infusion brought total investment in the Wing to more than $42 million. The company has three locations in New York.

Melissa Murray, a professor of law at University of California at Berkeley who is teaching at New York Uni上海千花社区 上海千花网交友versity, criticized the investigation.

“I think it’s patently absurd for New York’s human rights commission to be focusing on the Wing when we’ve had, over the[……]

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Brownstone Brooklyn Sales

Brooklyn s toniest neighborhoods上海千花网 爱上海同城对对碰 posted big declines in home prices in Q1 A weekly feature brining you the industry’s latest intel

Homes in Bay Ridge, Br上海贵族宝贝论坛 上海贵族宝贝ooklyn (Credit: Wikimedia Commons)

Residential

Sales | Ideal Properties

The median price of a home in Brownstone Brooklyn (Boerum Hill, Brooklyn Heights, Carroll Gardens, Clinton Hill, Cobble Hill, etc.) and North Brooklyn (Williamsburg, the Navy Yard and Greenpoint), dropped 11.4 percent year-on-year to $1.02 million in the first quarter. The decline was partly due to a weakening condominium market. During the period, the average sales price for the segment stood at $1.446 million, which amounts to a 7.1 percent drop compared to the same time last year. Read the report here.

Sales | CORE

The average asking pr爱上海同城手机版 新爱上海同城对对碰论坛ice to closing price discount in Manhattan’s luxury and new development market stood at ten percent during the first quarter. The figur上海千花社区 上海千花网交友e represents the highest in two years. In spite of the bargains, the pace of closings was sluggish. For the quarter, the Manhattan market averaged 181 closings per week, down from the 235 closings during the same time last year.

Sales | Platinum Properties

The number of homes sold in the Financial District dropped 52 percent year-on-year in the first quarter to just 50 units. The decline was attributed to uncertainty surrounding the new tax law阿爱上海同城 阿拉爱上海同城, which also dragged down sales in the previous quarter. In spite of the slowdown in sales, the average price of hom[……]

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Empire State Realty Trust

Infrastructure firm expands to more than 100K sf at Empire State Building HNTB Corporation took another floor at the 102-story tower

The Empire State Building at 350 5th Avenue and Thomas Durels (Credit: Getty Images)

Infrastructure consulting firm HNTB Corporation is expanding at the Empire State Building.

The company signed a lease to take an additional 26,800 square feet on the 62nd floor of the 102-story tower, according to landlord Empire State Realty Realty Trust. The transaction expands HNTB s footprint in the building to 105,100 square feet. In 2015, the company moved into the property after sign上海贵族宝贝交流区 上海贵族宝贝论坛ing a 78,400-square-foot deal for floors 56 to 58.

The transaction adds to a string of expansions in the skyscraper over the past few months. In July, social networking site LinkedIn took an additional 30,200 square feet on the 27th floor, bringing its footprint in the tower to 313,000 square feet. ESRT also announced a 5,300 square feet expansion for software vendor Workday, Inc., which increased its space in the property to 21,400 square feet. The Workday transaction represents the 145th lease expansion 上海夜网 阿爱上海同城in the property since 2013, according to ESRT Executive Vice President Thomas Durels.

The Empire State Building, wh上海贵族宝贝交流区 上海贵族宝贝论坛ich attracts over four million visitors per year, opened in 上海夜网论坛 上海夜网1931. Other tenants in the building include advertising company JCDecaux, construction firm Skanska and beauty products company Coty. The building is 94.6 percent leased, acco[……]

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Miami Condo Oversupply

(Over)supply and demand With a market overstocked with apartments, can Miami’s condo investors keep paying the rent?

(Illustration by Maciej Frolow)

Tour the Panorama Tower overlooking Biscayne Bay, with its “porte cochere,” poolside cafe, wine tasting rooms, pet spa and home theaters, and you might think that you’re sampling Miami’s latest glitzy condominium offering.

Rising nearly 900 feet, Florida East Coast Realty’s project is the tallest building in the state. But unlike many of the other towers that dot Brickell, the Hollo family’s development firm decided to build rentals. It even tapped Fortune Development Sales, a top condo sales and marketing firm, for the leasing assignment, and targeted trendy and hip Miamians — “Brickellistas.”

Banking on the city’s population growth, its hunger for big corporate tenants and homeownership’s diminishing prominence in the American Dream, FECR and other developers have bet that Miami, like New York, will become a city of renters. They’re building top-shelf product and wooing the prosperous with a playbook they’ve adapted from their condo-building counterparts. But their approach could directly threaten condo investors, who are increasingly looking to generate income by putting their units on the rental market. In Miami-Dade County, nearly 2,200 leases have been signed on the so-called “shadow rental market” so far this year, data from Integra Realty Resources show, up from fewer than 100 shadow rentals in 2014.

In the face of increased[……]

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Commercial Property Appraisals

Inflated commercial valuations are increasingly distorting markets and hurting investors, as appraisers are under pressure to come up with favorable numbers

(Illustration by Brian Stauffer)

Starwood Capital Group made a big bet on the U.S. retail market in November 2013. Barry Sternlicht’s private equity firm bought a 90 percent stake 上海夜网 阿爱上海同城in seven malls from Westfield Group for $1.6 billion through an affiliated company.

Located in towns like Toledo, Ohio, and Olympia, Washington, the malls were filled with national brands and boasted a上海同城对对碰交友社区 上海夜网论坛n average occupancy rate of 96 percent — the kind of properties considered a very safe bet at the time.

But the retail market was rapidly changing as e-commerce continued to push hundreds of brick-and-mortar stores out of business, and Class B malls in midsized cities increasingly found themselves in hot water. At the malls Starwood had bought from Westfield, net operating income fell more than 8 percent over the next four years, regulatory filings show.

Then in 2018, a $760 million securitized loan backed by five of the seven malls came due. Starwood had to find a new source of financing or risk losing the properties, so it decided to sell bonds in Israel.

To get a cheap interest rate, though, it needed to convince investors that the malls were lucrative and the risk of default was minuscule. The company tapped appraisal firm NPV Advisors to assess the value of the properties, and NPV conveniently found that the seven malls had barely[……]

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