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MEDIA UPDATES3 30.Pdf
Dean *Anthony Vidler to receive ACSA Centennial Award The Association of Collegiate Schools of Architecture (ACSA) announced today that Anthony Vidler will receive a special Centennial Award at next week’s 100th ACSA Annual Meeting in Boston. Anthony Vidler is Dean and Professor at the Irwin S. Chanin School of Architecture of The Cooper Union, where he has served since 2001. The Centennial Award was created by the ACSA Board of Directors in recognition of Dean Vidler’s wide ranging contributions to architectural education. Says Judith Kinnard, FAIA, ACSA president: “Anthony Vidler’s teaching and scholarship have had a major impact on architectural education. We invited him to receive this special award during our 100th anniversary and give the keynote lecture because of his extraordinary ability to link current issues in architecture and urbanism to a broad historic trajectory. His work forces us to question our assumptions as we engage contemporary conditions as designers.” Anthony Vidler received his professional degree in architecture from Cambridge University in England, and his doctorate in History and Theory from the University of Technology, Delft, the Netherlands. Dean Vidler was a member of the Princeton University School of Architecture faculty from 1965 to 1993, serving as the William R. Kenan Jr. Chair of Architecture, the Chair of the Ph.D. Committee, and Director of the Program in European Cultural Studies. In 1993 he took up a position as professor and Chair of the Department of Art History at the University of California, Los Angeles, with a joint appointment in the School of Architecture from 1997. -
Monthly Market Report
FEBRUARY 2016 MONTHLY MARKET REPORT SALES SUMMARY .......................... 2 HISTORIAL PERFORMANCE ......... 4 NOTABLE NEW LISTINGS ............. 7 SNAPSHOT ...................................... 8 CityRealty is the website for NYC real estate, providing high-quality listings and tailored agent matching for prospective apartment buyers, as well as in-depth analysis of the New York real estate market. MONTHLY MARKET REPORT FEBRUARY 2016 Summary MOST EXPENSIVE SALES The average sale price for Manhattan apartments dipped in the four weeks leading up to January 1, while the number of sales rose. The average price for an apartment—taking into account both condo and co-op sales—was $2.1 million, down from $2.2 million in the preceding month. The number of recorded sales, 1,020, rose a great deal from the 862 recorded in the preceding month. AVERAGE SALES PRICE CONDOS AND CO-OPS $30.5M 834 Fifth Avenue, #10B $2.1 Million 2 beds, 4 baths The average price of a condo was $2.7 million and the average price of a co-op was $1.4 million. There were 542 condo sales and 478 co-op sales. RESIDENTIAL SALES 1,020 $2.1B UNITS GROSS SALES One of the most expensive sales this month was in a grand, prewar co-op on the Upper East Side, while the other two were in the large new downtown condo development The Greenwich Lane. $26.0M The most expensive sale of the month was unit 10B in 834 Fifth Avenue, a two-bedroom, The Greenwich Lane, #PH8 four-bathroom apartment that closed for $30.5 million. The Rosario Candela-designed building 140 West 12th Street is considered one of the most desirable prewar co-ops in Manhattan. -
Luxuryletter April 2018.Key
a 72 Mercer St, PENTHOUSE W SOHO WWW.THELEONARDSTEINBERGTEAM.COM NEW: TROPHY FIFTH AVENUE DUPLEX LUXURYLETTER APRIL 2018 Irrational Luxuberance There is really no great explanation why the wealthiest people in the world - much wealthier now than at any other time in history - are not buying more luxury real estate than ever before. Interest rates, while rising, are low, many prices are down off their (asking) highs, sellers are more inclined to negotiate on price and there are more options to choose from……although in some areas there are shortages. But yes, there are some reasons to explain why the luxury market is not faring as well as it ought to be: • Pricing escalated too far too fast. Buyer fatigue caused markets to pause and when they did, some sellers blinked causing more downward price adjustments. • Sellers were spoiled by the speed of sales: now that has normalized, yet it still feels very slow compared to the Studio-54-style pace of 2014-2016. • Most buyers between 2012 and 2015 saw an almost certain upside in buying…..these same people don’t want to take a loss buying now in case they can buy later for less. • Many buyers between 2010 and 2015 were buying purely for investment purposes: who wants to buy an investment apartment in a market where there are many price drops? Which investor likes buying in a market where rental returns are a bit depressed, especially if they can wait? The few smart, non-herd-mentality investors though are buying now because they have better choices and can negotiate. -
12RFR13 Who We Are
12RFR13 Who We Are RFR has built a world-class portfolio of over 70 commercial, residential, hotel and retail properties in the United States and Germany totaling 11.5 million square feet. The portfolio includes the prized New York landmarked Seagram Building and Lever House as well as Eurotower in Frankfurt, headquarters to the European Community Bank. Our unique combination of European sophistication and American ingenuity has brought RFR to the forefront of the Real Estate industry. An experienced and cultivated team expert in acquisitions, finance, development, operations, management, leasing and sales and marketing provide RFR with the skill set to add significant value to acquired and operated properties. Our proven track record is a reflection of adding value to real estate acquired through property-level repositioning, strategic financial engineering, and two decades of experience in all phases of property life cycles and leverage opportunities. In addition, it is our commitment to add value and enrich the quality of the built environment by creating uplifting and inspiring environments, both at the building specific and urban scales. Art is an integral component in all of our properties with the display of original art by renowned artists such as Andy Warhol, Damien Hirst, Jeff Koons, Jean-Michel Basquiat, Keith Haring to name a few. We formed the Lever House Art Collection, inviting artists to create artworks specifically for the Lever House lobby for viewing by our employees, tenants and the public to enjoy. 1 1.5 million square feet worldwide Alsterarkaden Leasing Update Hamburg Germany The 300 year old Meissen Manufactory positioned as a luxury and lifestyle group dedicated to style and quality has leased 150m2 of retail space. -
The Bloom Is on the Roses
20100426-NEWS--0001-NAT-CCI-CN_-- 4/23/2010 7:53 PM Page 1 INSIDE IT’S HAMMERED TOP STORIES TIME Journal v. Times: Story NY’s last great Page 3 Editorial newspaper war ® Page 10 PAGE 2 With prices down and confidence up, VOL. XXVI, NO. 17 WWW.CRAINSNEWYORK.COM APRIL 26-MAY 2, 2010 PRICE: $3.00 condo buyers pull out their wallets PAGE 2 The bloom is on the Roses Not bad for an 82-year-old, Adam Rose painted a picture of a Fabled real estate family getting tapped third-generation-led firm that is company that has come a surpris- for toughest property-management jobs known primarily as a residential de- ingly long way from its roots as a veloper. builder and owner of upscale apart- 1,230-unit project.That move came In a brutal real estate market, ment houses. BY AMANDA FUNG just weeks after Rose was brought in some of New York’s fabled real es- Today, Rose Associates derives as a consultant—and likely future tate families are surviving and some the bulk of its revenues from a broad just a month after Harlem’s River- manager—for another distressed are floundering, but few are blos- menu of offerings. It provides con- A tale of 2 eateries: ton Houses apartment complex was residential property, the vast soming like the Roses.In one of the sulting for other developers—in- taken over, owners officially tapped Stuyvesant Town/Peter Cooper Vil- few interviews they’ve granted,first cluding overseeing distressed prop- similar starts, very Rose Associates to manage the lage complex in lower Manhattan. -
RFR 285M Brochure 2016 V8.Pdf
285 Madison 285 Madison Avenue is an emblem for the emerging Bryant Park district and a vibrant mix of business tradition and innovation. An iconic pillar of the celebrated New York advertising landscape for 87 years, the 27-story building has been intelligently transformed into a contemporary office building with street presence, a striking new lobby and modern technological functionality. It is both a bridge between Grand Central and Bryant Park and a place where Midtown and Midtown South converge. Designed and engineered as a model of work/life balance, the building supports both conventional and creative enterprises, with amenities such as bike storage, a tenant lounge, outdoor space and a gym facility with showers and lockers. 285 Madison Avenue is reborn in time for Midtown’s own renaissance. Central Location 285 Madison Avenue is a strategic hub in the new Midtown, one block from the convenience of Grand Central and the world-class Bryant Park. The Park is connected to the New York Public Library, one of the city’s prized cultural assets. A short walk from 285 Madison Avenue, the Morgan Library presents fine arts, literature, film and music in a major historic site. The services of Penn Station and the energy of Times Square are also within walking distance. Grand Central Terminal Bryant Park Grand Central Terminal Metro North Railroad New York Bryant Park Public Library New York Public Library The Morgan Library New York Public The Graduate Library Center, CUNY B D Empire State F Building M Lifestyle Balance Building amenities include roof terraces, restaurant with private dining and bar, tenant lounge, gym, changing rooms, showers, lockers and bicycle storage. -
Arts in the Hotel Industry: Bridging Creative and Financial Goals for a Twenty-First Century Experience Yookyoung Kong [email protected]
Sotheby's Institute of Art Digital Commons @ SIA MA Projects Student Scholarship and Creative Work 2016 Arts in the Hotel Industry: Bridging Creative and Financial Goals for a Twenty-First Century Experience Yookyoung Kong [email protected] Follow this and additional works at: https://digitalcommons.sia.edu/stu_proj Part of the Arts Management Commons, Business Analytics Commons, Fine Arts Commons, and the Hospitality Administration and Management Commons Recommended Citation Kong, Yookyoung, "Arts in the Hotel Industry: Bridging Creative and Financial Goals for a Twenty-First Century Experience" (2016). MA Projects. 9. https://digitalcommons.sia.edu/stu_proj/9 This MA Project - Open Access is brought to you for free and open access by the Student Scholarship and Creative Work at Digital Commons @ SIA. It has been accepted for inclusion in MA Projects by an authorized administrator of Digital Commons @ SIA. For more information, please contact [email protected]. Arts in the Hotel Industry: Bridging Creative and Financial Goals for a Twenty-First Century Experience by Yookyoung Kong A journal article in conformity With the requirements for the Master’s Degree in Art Business Sotheby’s institute of Art Presented in 2016 1. Introduction 1-1. Background and Purpose Hotels have always been more than lodging facilities; they have been recognised as places of business, public assembly, decorative showcases. Always on the forefront of technological innovation and innovative space design, they provide interesting experiences for patrons. Today, consumers seek out hotels with unique values, such as cultural and artistic features, that can enhance their trip. The hospitality landscape of cities has changed significantly in recent years: hotels are themselves destinations. -
100E53 Brochure.Pdf
Prologue The prospective homeowner of One Hundred East Fifty Third Street resists easy categorization. I have personally fielded inquiries from businesspeople who touch down across the planet to long- established couples who are writing the next chapter of their lives in the city. Yet what they all have in common is an eye for detail, an appreciation for cultural experience, and overall sophistication. RFR shares that perspective, which our development projects have proven time and again. The company is held to increasingly rigorous standards as a result of these past achievements, and to that end One Hundred East Fifty Third Street will be the highest- quality residential building we have ever sponsored. Site, as much as our reputation, demands such an effort. One Hundred East Fifty Third Street’s location next to the Seagram Building is in fact an obligation to produce a tower of similar Cover: A detail of One Hundred creative perfection. In the hands of architect Norman Foster, we East Fifty Third’s east elevation are realizing a structure that both honors its important setting and shows the harmony between the faceted curtain wall and custom propels it forward. pleated curtains, which are installed throughout the interiors. One Hundred East Fifty Third Street’s progressive spirit will be Right: The tower ascends to 711 feet. most apparent to future homeowners. The design of individual residences stands out in the crowded New York marketplace. Much more space is allocated to entertaining and art display than comparable properties offer, in particular, and each unit’s systems and finishes are keenly tuned to contemporary living. -
The Cityrealty 100 Report 2020
THE CITYREALTY 100 REPORT 2020 DECEMBER 2020 THE CityRealty is the website for NYC real estate, providing high-quality listings and tailored agent matching for pro- spective apartment buyers, as well as in-depth analysis of the New York real estate market. 1100 THE CITYREALTY 100 REPORT 2020 About The CityRealty 100 The CityRealty 100 is an index comprising the top 100 condominium buildings in Manhattan. Several factors—including a building’s sales history, prominence, and CityRealty’s rating for the property—are used to determine which buildings are included in the index. This report tracks the performance of those buildings for the one-year period ending September 30, 2020. CityRealty releases regular reports on the CityRealty 100 to track the change in prices of the top 100 Manhattan condo buildings. After falling in 2018 from all-time highs achieved in 2016 and 2017, the index’s average price / foot and total sales volumes were roughly flat in 2020 as compared to 2019, with the average price per square foot increasing 2% to $2,649. For the 12 months ending Sep 30, there were 846 sales which accounted for $4.94B in sales volume. Manhattan real estate, as viewed through the lens of this report, focuses on the city's top tier of buildings, which are seen as a relatively stable and good investment. The stagnation in prices and volume, especially in buildings not new to the market, reflects a market that has been saturated with high-end product, and prices in the 3rd quarter of 2020 reflect an overall downward trend. -
COFA for 980 Madison Ave., Manhattan, Docket 072265
THE NEW YORK CITY LANDMARKS PRESERVATION COMMISSION 1 CENTRE STREET 9TH FLOOR NORTH NEW YORK NY 10007 TEL: 212 669-7700 FAX: 212 669-7780 PERMIT CERTIFICATE OF APPROPRIATENESS ISSUE DATE: EXPIRATION DATE: DOCKET #: COFA #: 10/26/2009 10/13/2015 07-2265 COFA 10-3878 ADDRESS BOROUGH: BLOCK/LOT: 980 MADISON AVENUE HISTORIC DISTRICT UPPER EAST SIDE MANHATTAN 1391/14 Display This Permit While Work Is In Progress ISSUED TO: Aby J. Rosen, President 980 Madison LLC c/o RFR Holding LLC 390 Park Avenue, 3rd Floor New York, NY 10022 Pursuant to Section 25-307 of the Administrative Code of the City of New York, the Landmarks Preservation Commission, at the Public Meeting of October 13, 2009, following the Public Hearing and Public Meeting of October 24, 2006, and the Public Meetings of January 16, 2007, June 17, 2008, October 14, 2008, and January 13, 2009, voted to approve a proposal to alter the facades, to demolish rooftop and rear addition, construct an addition, and to establish a Master Plan governing the future installation of storefront infill, as put forward in your application completed on September 28, 2006. The proposal, as approved, consists of the restoration of the building, including the removal of the windows at the third floor, and the installation of limestone panels; the restoration of the storefronts, including reestablishing the dark gray granite water table, and widths of the aluminum storefronts featuring a single display window and integrated signage; the installation of recessed tripartite one-over-one windows at the second -
Gagosian & 980 an Enduring Legacy It Happens at The
GAGOSIAN & 980 AN ENDURING LEGACY IT HAPPENS AT THE CARLYLE CENTRAL PARK: AN URBAN OASIS Photos by Damien Fry “VENUS AND MANHATTAN” Aluminum statue by Wheeler Williams Timeless and refined, this neighborhood never goes out of style. The heart of the locale’s cultural zeitgeist resides in the East 70s. Joining the iconic 980 Madison Avenue, described as the “epicenter of the New York art world,” are the Carlyle, the Mark Hotel, Sant Ambroeus and Marcel Breuer’s architectural landmark where the Frick Collection will be in residence. The city’s most desirable residential neighborhood is now also an ideal location to establish a family office. Introducing the Collection at 980 Madison Avenue. THE BREUER BUILDING THE MARK HOTEL THE GUGGENHEIM FIFTH AVENUE CENTRAL PARK An Enduring Legacy “It combines all of the best of traditional and modern schools of architectural thought.” Architect William A. Delano FAÇADE OF 980 MADISON AVENUE Text by Thomas Mellins One of the most recognizable landmarks on the Upper East Side has been thoughtfully restored and curated by RFR. Commissioned as the headquarters of Parke-Bernet Galleries. EXTERIOR OF 980 MADISON AVENUE, 1954 Park views, and its lushly landscaped rooftop served not only as an amenity for auction house employees but also as an additional neighborhood grace note when seen from the hotel. At the building’s opening, the well- known architect William A. Delano succinctly stated that “it combines all of the best of traditional and modern schools of architectural thought.” EXTERIOR OF 980 MADISON AVENUE Lewis Mumford, the New Yorker’s 6-story building designed by Walker & Poor esteemed architecture critic and an outspoken champion of modern architecture, compared Walker & The building’s main Poor’s work favorably to that of one of architectural modernism’s pioneers. -
Luxuryletter November UPDATED LAYOUT
a 72 Mercer St, PENTHOUSE W SOHO WWW.THELEONARDSTEINBERGTEAM.COM LUXURYLETTER NOVEMBER 2016 NEW: CHELSEA LOFT SUPREME New York Market Fall Awakening The past several months have been rife with fear and hesitation in the New York real estate markets. These were some of the major contributing factors: 1. The unprecedented US Presidential Election caused many to wonder what exact impact a Trump Presidency would have on the markets. A Clinton Presidency suggested a “more-of-the-same-market” although raising taxes on the wealthy could cause downward pricing pressure. Then again, there is a Congress and Senate…. 2. BREXIT may have veiled the root cause of the UK’s dramatic real estate activity plunge, down over 80% from the previous year. BREXIT highlighted the fears of isolationism, yet we believe its the raised fees and taxes that are the primary cause. 3. The fear of rising interest rates have caused some to believe real estate prices will drop. This remains to be seen: higher interest rates can indicate a strengthening economy. 4. All the above factors combined with a much stronger dollar minimized urgency: that extra group of all-cash foreign buyers the markets loved so dearly between 2010 and 2015 are highly diminished, although the Chinese buyers are still out in full force. 5. The volume of construction of high-priced properties may slow now that construction financing has become very scarce. 14 EAST 11TH STREET TROPHY LOWER FIFTH GREENWICH VILLAGE TOWNHOUSE NEW! 18 WEST 75TH ST FOR MORE INFORMATION OR TO SCHEDULE AN APPOINTMENT PLEASE CALL 646.780.7594 Selldorf Architects Bowery/Noho/Village 347 BOWERY OVER 40% IN CONTRACT PRICING STARTS AT $7.500,000 The 13-story tower will consist of four duplex stacked town homes, and one triplex penthouse With nearly 20 foot ceilings, each residence will feature a handcrafted staircase made of plaster and white oak.