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Photos courtesy of Magnum Real Estate Group and Real Estate Equities Corp. In the past couple of weeks, the luxury condo project at 196 Orchard St . finally popped out of the ground. After a long stretch beneath the surface of East Houston and Orchard streets, crews are starting to pick up the pace, with work progressing this week on the third floor of the 11 story building from Ben Shaoul’s  Magnum Real Estate Group and Real Estate Equities Corp. Meanwhile, there’s an aggressive marketing push for the 94 condo units being offered at prices starting above $1 million. The public relations team working with the developers recently sent along these photos of the showroom, located in one of the otherwise vacant retail spaces connected to the Hotel Indigo. We spoke with Leonard Steinberg of Compass, the real estate firm handling sales at 196 Orchard. We, of course, asked how things are going so far (sales launched this past September), but Steinberg said the development team does not permit him to disclose the number of units sold and at what price. “We are,” he said, “very happy with the interest in our building.

For the original version including any supplementary images or video, visit http://www.thelodownny.com/leslog/2017/05/196-orchard-street-condo-project-begins-rising-as-marketing-push-accelerates.html

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Start using the digital Book of Lists today. Print subscribers receive the printed Book of Lists when published. Robert McDonald of Stanley Roofing worked on the roof of Ivar’s Acres of Clams restaurant… more Ivar’s on Wednesday executed on a key component of its real estate strategy by selling its flagship property at Pier 54 on Seattle’s waterfront. Public records show the seafood and chowder restaurant chain sold the property (1001 Alaskan Way) for $39.5 million to a limited liability company affiliated with A.F. Gilmore Co., a family company with deep roots in Los Angeles, where it owns the landmark Original Farmers Market. Robert McDonald of Stanley Roofing worked on the roof of Ivar’s Acres of Clams restaurant… more Ivar’s Acres of Clams has operated on the waterfront since 1938, and will continue doing so along with the company’s Fish Bar, said Ivar’s President Bob Donegan . Ivar’s completed a $20 million renovation of Pier 54 two years ago and has leases for 20 to 29 years for the restaurant spaces, according to Donegan, who said the company’s lease for office space at the pier runs another 10 years. Donegan has met with A.F. Gilmore representatives many times and said he’s impressed with their commitment to real estate assets that come with rich heritages.

For the original version including any supplementary images or video, visit http://www.bizjournals.com/seattle/news/2017/05/24/ivars-sells-flagship-seattle-waterfront-property.html

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| Photo by Boris Ladwig In the 12 months between first quarter Real Estate Marketing 2016 and 2017, building developers delivered almost 6 million square feet of space to the industrial real estate market, which includes fulfillment centers, warehouses, production, storage, assembly and clean manufacturing. “That’s a huge number,” says Powell Spears, managing director of brokerage for  real estate firm JLL . “Prior to all this growth here, a good year in Louisville would have been an additional 2 million square feet of net absorption. A great year would have been 2-and-a-half million.” “All this growth” refers to the large industrial centers that have been built at River Ridge in Southern Indiana, in Bullitt County and on the I-65 corridor close to Louisville International Airport and the UPS Worldport. “You can call us an Inland Port now,” says Spears, “because of UPS and the growth here of Federal Express. It only reinforces the fact that Louisville is now a proven and established distribution market. Developers from around the country used to come here, look around and go home to think about it. Now they’re staying, investing and building.” The industrial vacancy rate in the market has jumped recently, now at 10.2 percent after a historically low 5.7 percent in 2015. But still, says Spears, we’ve had a good track record over the last five years of filling vacant space. The reason for the rising vacancy rate is not lack of interest, he says, but because of aggressive development. In 2009-11, there was zero speculative development.

For the original version including any supplementary images or video, visit https://insiderlouisville.com/business/report-industrial-real-estate-market-not-slowing-down/

Among The Other Corporate Contributors To Greenfield’s Undeclared Account Was Heb Partners Llc, Which Gave $10,000 Last Year.

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Property owners seeking exemptions or alterations to existing restrictions on a property’s development must go through a long and often fraught process known as Uniform Land Use Review Procedure, which begins in the local community boards and eventually comes before the full Council for a vote. But before it can reach that latter stage, the project must clear the Land Use Committee. This power renders the Land Use chair the third most important member of the body, following only the speaker and the chair of the Committee on Finance, who helps handle the budgeting process. Among the other corporate contributors to Greenfield’s undeclared account was HEB Partners LLC, which https://www.roberthorne.co.uk/5-simple-steps-to-saving-for-your-first-home/ gave $10,000 last year. The company’s address is identical to that of the Read Property Group, perhaps best known as the developer of the Rheingold Brewery site in the neighborhood of Bushwick, Brooklyn. Another entity operating out of the same address, OMNI Read LLC, chipped in $1,000. An entity calling itself 255 Jefferson USA LLC donated $5,000 in 2013. That company reports as its address 199 Lee Avenue—infamous in real estate circles  as a mailbox center that houses some  1,400 limited liability corporations . The Federal Bureau of Investigation raided the location last May. New York State Division of Corporations records list 255 Jefferson USA LLC’s specific box number as 471. That number corresponds to that of the company that owns the Ridgewood Masonic Temple in Brooklyn.

For the original version including any supplementary images or video, visit http://observer.com/2017/05/david-greenfield-council-land-use-committee-chetrit-cornell-zoning-kalman-yeger-sitt-thor-rovt/

Steps To A Tough Stance In Commercial Sale Richard Montgomery | For Usa Today Network-wisconsin Reader Question: A Real Estate Agent Approached Us With A Commercial Client Who Would Like To Buy Our Property.

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Steps to a tough stance in commercial sale Richard Montgomery | For USA TODAY NETWORK-Wisconsin Reader Question: A real estate agent approached us with a commercial client who would like to buy our property. The agent wants to list our property to get the process started. Why would we need to list the property if she has the buyer? And what should we pay for commissions on this type of transaction? I wouldn’t expect to pay the typical fee since the property was not for sale.​​ Monty’s Answer: ​The listing agreement the agent is seeking is an employment contract. This agreement is between you and the agent’s broker. The law dictates a real estate agent must have written consent. The commission is a negotiation. Some brokers do not allow the agent to negotiate, while some brokers give the agents some flexibility on the fees. There is no typical fee in commercial real estate. There are several options for approaching the situation you have described.

For the original version including any supplementary images or video, visit http://www.greenbaypressgazette.com/story/money/2017/05/10/steps-tough-stance-commercial-sale/101518024/

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in 2003. The firm focuses on buying properties in Detroit and is now among the city’s largest black-owned apartment operators with more than 1,000 units. Both of Shepherd’s businesses are housed in a 13,000-square-foot building he owns in Detroit. Moses says he also decided to start ACE Petroleum because the real estate business is now self-sufficient and run by an experienced, capable staff. He says ACE Petroleum has a deal with a well-respected automotive transport company. Shepherd lists brands like Budget, Hertz, UPS, and FedEx as potential clients. Others may include local and state municipalities. And, of course, he hopes to work with well-known Motor City powerhouses like General Motors, Ford, and Fiat Chrysler. On the investment front, Shepherd plans to buy over 1 million gallons of fuel monthly after his company builds up sales momentum, something he figures will take about six to eight months with strong marketing and aggressive sales. Unlike other fuel suppliers, Shepherd does not plan to acquire a fleet of trucks or invest in bulk storage fuel tanks. Instead, he plans to use so-called delivery agents to make actual deliveries to clients. He says Atlas Oil, based in Southeast Michigan near ACE Petroleum’s headquarters, will be his primary delivery agent.

For the original version including any supplementary images or video, visit http://www.blackenterprise.com/billboard/detroit-entrepreneur-aims-to-fill-void-in-fuel-industry-as-a-minority-supplier/

The Giveaway, The Independent reports, Is Part Of Italy’s Strategic Tourism Plan And Is The Brainchild Of The State Property Agency And Ministry Of Cultural Heritage.

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If you’d like to learn more… Why buy a home in Toronto for the average $920,791 when you can snag an Italian castle for free? No, that’s not a joke — the Italian government is actually looking to give away 103 prime properties with ancient real estate to anyone who’s interested, Condé Nast Traveler reports. Among the fortresses up for grabs are the 13th-century Castello di Montefiore in the Marche region, the 11th-century Castello di Blera in Lazio and the Orsini-Odescalchi in Bracciano, where Tom Cruise and Katie Holmes were married in 2006. Other choices include monasteries, ancient inns and rural farmhouses. Most of the properties, Condé Nast Traveler notes, are located along the Appian Way, a road that runs from Rome to Brindisi in the south. Others are found next to the Via Francigena, a route that connects Rome to the northern parts of the country. READ MORE: The most Instagrammed travel destinations in the world Those looking to be the king or queen of these castles must submit a solid plan to the government on how they plan to turn the property into a “functioning heritage site for tourists,” Condé Nast Traveler says. The giveaway, The Independent  reports, is part of Italy’s Strategic Tourism Plan and is the brainchild of the State Property Agency and Ministry of Cultural Heritage. The idea is to help ease the tourism burden on popular cities like Venice by attracting tourists to more remote areas of the country. “The project will promote and support the development of the slow tourism sector,” Roberto Reggi from the State property Agency told The Local .

For the original version including any supplementary images or video, http://www.lecanadian.com/business/canadas-property-values-rise-spite-signs-market-slowdown.html visit http://globalnews.ca/news/3459128/italy-is-giving-away-over-100-castles-for-free-but-theres-a-catch/

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