Dottie Herman

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Dottie Herman lands on Forbes’ richest self-made women list Douglas Elliman president and CEO worth an estimated $270M, according to magazine

What do Oprah Winfrey, Sheryl Sandberg, Beyoncé Knowles and Dottie Herman have in common?

They’re among the richest self-made women 爱上海龙凤419桑拿 上海龙凤论坛sh1fin the nation, according to Forbes magazine. Douglas Elliman’s pr上海千花网 爱上海同城对对碰esident and CEO – dubbed the wealthiest “self-made woman in American real estate” – has an estimated net worth of $270 million, according to the magazine.

Herman began her career as a real estate broker at Merrill Lynch on Long Island in the 1980s, and in 1989 she purchased Prudential Long Island Realty. She expanded the firm before making a career-defining move in 2003, when she and partner Howard Lorber acquired Elliman for $72 million.

Elliman, the largest brokerage in New York City, closed roughly $22 billion in sales nationwide last year.

The ranking is Forbes’ second tally of successful fe阿拉爱上海同城 爱上海龙凤419桑拿male execs, and includes 60 women estimated to be worth a combined $53 billion. Diane Hendricks, who founded the roofing company ABC Supply, topped the list, with a net worth of $4.9 billion, followed by Oprah ($3.1 billion) and Judy Faulkner, CEO and founder of the healthcare software company Epic Systems ($2.4 billion).

Herman tied for the No. 54 spot with Barbara Bradley Baekgaard, co-founder of retailer Vera Brad阿爱上海同城 阿拉爱上海同城ley, edging out No. 56-ranked Beyoncé by $10 million.

Others on the list were Facebook’s Sheryl Sandberg ($1.4 bil[……]

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Penn Station

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Comeback kids: Related, Vornado win bid for Moynihan Train Hall redevelopment project Redevelopment expected to cost $1.6B

Rendering of the Farley Post Office (inset: Stephen Ross and Steven Roth)

After the state kicked them off the Moynihan Train Hall project earlier this year, the Related Companies and Vornado Realty Trust are back.

Gov. Andrew Cuomo announced Tuesday that Related, Vornado and Skanska won the bid for the redevelopment of the James A. Farley Post Office, which will be known as Moynihan Train Hall and feature 700,000 square feet of Office And Retail Space And Train Halls For Both Amtrak And The Long Island Rail Road.

The decision doesn t come as much of a surprise, since Vornado and Related arguably had a leg up on the competition, having been involved in the project for more than a decade. They were t上海同城对对碰交友社区 上海夜网论坛apped in 2005 to develop the station and were only jettisoned from the project earlier this year.  The design-build team has agreed to a fixed schedule and budget for the project, which is expected to be completed in 2020 and cost roughly $1.6 billion — $600 million from the developers, $570 million from Empire State Development (ESD) and $425 million from Amtrak, LIRR, the Port Authority of New York and New Jersey and other federal sources. The redeveloped Farley building will feature 112,000 square feet of retail space, 588,000 square feet of office and a 255,000-square-foot train hall.

We have assembled a terrific team for this project and stand read[……]

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New York Multifamily

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The Long View: The danger of a multifamily mortgage morass Investors and lenders may be getting a little too excited

Enter at your own peril: rental apartments could emerge as a problem for lenders (Credit: Getty Images)

If you asked a real estate executi上海龙凤论坛sh1f 上海龙凤论坛ve to rank property types by bubble risk, odds are they’d start with condos. Then, probably retail with its precariously high vacancy rates. Third might be the office market, where supply has surged. Way down in the bubble-risk ranking would likely be multifamily: the asset class in which, conventional wisdom goes, rents tend to rise and never crash (not even during the depths of the 2009 recession).

With that in mind, you’ll forgive this reporter for almost falling out of his chair when Mark Zandi, chief economist at Moody’s Analytics, picked multifamily lending as one of the two greatest near-term risks to U.S. financial institutions (along with automobile loans). And Zandi isn’t alone.

As early as December 2015, federal banking regulators issued a joint statement warning that banks’ increased commercial real estate and multifamily lending poses a threat to financial stability. In April 2016, Madison Realty Capital’s Michael Stoler wrote an op-ed warning that “trouble might be coming” for loans backed by rental apartment buildings.

But lenders haven t slowed down. Between the first and second quarter of 2016, the volume of outsta上海千花网 爱上海同城对对碰nding multifamily debt in the U.S. grew by $27.6 billion to $1.09 trillion, accord[……]

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Christie Brinkley House

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From LLNYC: Form爱上海同城手机版 新爱上海同城对对碰论坛er model and Sports Illustrated cover-star Christie Brinkley has just chopped $5 million from the price of her Sag Harbor home, bringing the home’s ask dow阿爱上海同城 阿拉爱上海同城n to $20 million.

Tags: celebrity real estate 上海同城对对碰交友社区 上海夜网论坛
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The Real Deal December 2017

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The December issue is live! Inside: Geopolitical turmoil embroils billionaire investors

It s not an easy time to be a global billionaire.

That is, when it comes to trying to move capital out of the country.

“I look at the events over the last 12 months and I say, ‘Now I’ve seen everything,’” David Tobin, founder of real estate and debt brokerage Mission Capital, told The Real Deal.  “So many things have converged over the last 12 months in terms of disclosure, disappearances, a crazy political en上海贵族宝贝 上海千花网龙凤论坛vironment, that it all has to be correlated.”

For our cover story this month, The Real Deal took a close look at a slew of political crackdowns in Saudi Arabia, China and other countries and the potential impact they will have on real estate investment in the city.

In the December issue, we ranked retail firms in the city by the amount of square footage they leased between October 1, 2016 and September 30, 2017. RKF tops the list with 上海龙凤论坛 新上海贵族宝贝论坛1.03 million square feet inked south of 126th Street.

There s also a profile on WeWork s mysterio上海贵族宝贝 上海千花网龙凤论坛us first investor, Joel Schreiber. Bac上海同城对对碰交友社区 上海夜网论坛k in 2010, he pledged $15 million for a third of the then-scrappy startup. Seven years later, the company is estimated to be worth $20 billion. According to some, however, Schreiber burned some other business partners along the way.

The issue also takes readers i上海龙凤论坛 新上海贵族宝贝论坛nside the increasingly ugly battle between data giants CoStar and Xcelligent and shows how it s part of a much larger focus on d[……]

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Tishman Speyer Zo

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Tishman is the latest to jump into the amenity-app game Landlord created its own platform in-house

30 Rockefeller Plaza

Zo-oinks!

Tishman Speyer has launched a new amenity-booking app called Zo that allows office tenants in the landlord’s buildings to access a suite of perks, including recreational pig petting at 30 Rock.

The app, which will spread to 8 of Tishman’s 10 New York commercial properties by the end of the month, is the latest foray by a Manhattan landlord into the realm of extended amenities to help compete for tenants, Bloomberg reported.

Brookfield Property Partners and Silverstein Properties use the app hOM, and SL Green Realty ha新爱上海同城对对碰论坛 上海同城对对碰交友社区s its own SL Living Green. Landlords are trying t上海贵族宝贝交流区 上海贵族宝贝论坛o land and retain tenants as the threat of an office-space glut looms.

“It’s all about making tenants happier, mak上海千花社区 上海千花网交友ing buildings stickier” and mitigating turnover, said MetaProp co-founder Zach Aarons.

Zo, w阿拉爱上海同城 爱上海龙凤419桑拿hich Tishman created in-house, will spread to most of its U.S. properties by the end of the year and eventually to its global portfolio. Many of the services come with a cost, and Tishman has negotiated rates for some groups. [Bloo爱上海同城手机版 新爱上海同城对对碰论坛mberg] – Rich Bockmann

Tags: Commercial Real Estate, Tech, tishman speyer
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Top Retail Leasing Firms

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TRD’s ranking of top retail leasing brokerages in four major markets shows that a few thriving chains are offering bright spots in gloomy markets

New York City

Updated May Property owners seem to be willing to get a bit unconventional these days to keep rent payments rolling in amid the ongoing waves of store closures.

Indoor amusement parks, doctors’ offices, movie theaters, gyms and even discount stores  — once considered undesirably downmarket — are plugging holes in vacancy-riddled shopping centers and storefronts as rents decline, leases shorten and concessions spike, brokers and owners say.

The Real Deal’s ranking of the top leasing deals and brokerages in major markets in the U.S. reveals that, despite efforts by national firms to boost their retail teams in recent years, the marketing of stores is still largely a local game outside of Los Angeles and New York City. “We’re all trying to do the best we can,” said Marty Shelton, an L.A.-based broker with NAI Capital, the second most active retail leasing brokerage in L.A. County, with 718,825 square feet rented over the past 12 months, according to TRD’s analysis.

To rank the top brokerages in leasing for Chicago, Miami, L.A. and New York, TRD examined data provided by commercial real estate services firm Lee Associates NYC on new retail leases and renewals in those markets from April 2017 to March 2018. Brokerage leasing totals and deals were shared with the firms, which were given the option to submit additional informati[……]

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Hotelier André Balazs

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Hotelier André Balazs is back in NYC, threw himself a homecoming party Multiple women, including actress Amanda Anka, have accused Balazs of groping, sexual misconduct

(Credit: Photo illustra上海千花网交友 上海千花网论坛tion using Getty Images)爱上海同城手机版 新爱上海同城对对碰论坛

After a skiing accident last year left hotelier André Balazs bedridden, he ended up in Paris.

Now, about a year later, he s reportedly returned; he celebrated last night by hosting a party in his Soho loft, according to the New York Post. Ben 新爱上海同城对对碰论坛 上海同城对对碰交友社区Stiller, Gina Gershon, Helena Christensen, Uzo Aduba and Eric Schimdt were among the attendees.

While he was gone, the #metoo movement began. In November of last year, the New York Times reported allegations of Balazs groping multiple women and, in one incident, digitally penetrating a former employee. The hotelier did not respond to the accusations at the time of the report. [NYP] Erin Hudson

Tags: andre 上海夜网论坛 上海夜网balazs, Commercial Real Estate, Hotel Market
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Marriott International

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Marriott says Starwood hotels hit by massive data breach As many as 500M guests a爱上海同城论坛 爱上海同城ffected

W Hotel at 1567 Broadway and Arne Sorenson (Credit: W Hotel, Microsoft, iStock)

The world s largest hotel company says a data breach may have compromised the personal informatio上海贵族宝贝交流区 上海贵族宝贝论坛n of as many as 500 million guests.

Marriott International announced on Friday that an unauthorized party might have access to the names, a上海夜网论坛 上海夜网ddresses, phone numbers, email addresses, passport numbers and travel details of its guests, the Wall Street Journal reported. In some cases, guests credit card information might ve also been stolen.

The breach hit Marriott s Starwood branded hotels, which include Sheraton, W Hotels, Westin and others. Marriott became aware of a possible breach back in September but couldn t confirm what info爱上海同城 爱上海rmation had been copied and encrypted by a third-party until November 19.

The investigation found that the Starwood guest database may have been compromised since 2014. Marriott acquired Starwood back in 2016 for $13 billion. Starwood had reported a breach at 54 locations in 2015.

“We fell short of what our guests deserve and what we expect of ourselves. We are doing everything we can to support our guests, and using lessons learned to be better moving forward,” Marriott Chief Executive Arne Sorenson said in a statement.

Other hotel chains have been hit by data breaches in the last few years, in阿拉爱上海同城 爱上海龙凤419桑拿cluding Hilton Worldwide Holdings and Trump Hotels. [WSJ] — Kathr[……]

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