Vornado Realty Trust

Vornado mulls splitting itself up, again Steve Roth said spinoffs of retail, development businesses are possible

Steven Roth and 2 Penn Plaza (Credit: Vornado Realty Trust, Google Maps)

More than a year after spinning off its Washington, D.C., business, Vornado Realty Trust is once again toying with the idea of splitting itself into separate companies.

Steven Roth, CEO of the firm, said it’s possible Vornado will spin off a development company from its income-producing real estate. The rationale: Vornado has several expensive development projects in planning around Penn Stati爱上海 爱上海同城手机版on, and REIT investors tend to dislike the阿拉爱上海同城 爱上海龙凤419桑拿 uncertainty associated with development.

“Development is not a business that can be measured quarter to quarter,” Roth said. If the stock price continues to trade below asset values because investors don’t like the development risk, Roth said, it “doesn’t make intellectual sense” to not try to change that. He declined to say how exactly the company could be split up, saying these are “glimmers of value creation ideas.”

Forest City Realty Trust, another public REIT, has been grappling with the same 阿爱上海同城 阿拉爱上海同城problem and responded by shrinking its developmen爱上海同城对对碰 爱上海同城论坛t business. The former CEO of its New York division, MaryAnne Gilmartin, recently left the firm to found a new development firm, L L MAG.

Roth also said Vornado is considering another split: spi上海贵族宝贝 上海千花网龙凤论坛nning off its retail business.

“The softness of retail is what’s hurting our stock the most,” he sai[……]

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Fairfield County office leasing faring well, while Westchester’s is ‘lackluster’: report

Fairfield County office leasing faring well, while Westchester’s is ‘lackluster’: report

The first six months of 2018 were good ones for office leasing in Fairfield County, which saw “its best first half of the year since 2015,” per CBRE’s second quarter office market reports for Westchester and Fairfield counties, the firm said in a release. More than 1 million square feet of office space were leased in Fairfield County as of the mid-year mark, and the availability rate in Greenwich’s central business district dropped in the second quarter, an indication that “leasing activity will spill over into neighboring Stamford,” according to Tom Pajolek, an executive vice president at CBRE. Westchester County, me上海千花网龙凤论坛 上海千花社区anwhile, had a “lackluster second quarter for leasing activity,” according to William V. Cuddy Jr., another executive vice presid上海夜网 阿爱上海同城ent at CBRE, but上海千花网龙凤论坛 上海千花社区 “other economic conditions in Westchester County remain strong.” [CBRE]

Tags: Westchester Fairfield
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Biggest Real Estate Projects NYC

The top 10 biggest real estate projects coming to NYC The largest development is a roughly 740K sf Bronx warehouse

Clockwise from top: 2505 Bruckner Boulevard in the Bronx, 31-08 Northern Boulevard in Long Island City, and 3-50 St. Nicholas Avenue in Ridgewood (Credit: 2505bruckner, Google Maps, and BuzzBuzzHome)

A Bronx warehouse topped the list of largest projects in New York City last month.

The Bruckner Boulevard project from Innovo Property Group and Square Mile Capital Management topped the list by a wide margin. It would span about 740,000 square feet, more than 300,000 square feet larger than the No. 2 spot, which went to a mixed-use building in Harlem from L M Development Partners. The list also included two projects from Meir Babaev’s AB Capstone: one in Queens and one in the Bronx.

Queens led the way with four projects in January, followed by Brooklyn with three, the Bronx with two and Manhattan with one.

The full list of January’s top 10 biggest real estate projects is below:

1. 2505 Bruckner Boulevard, Bronx
Innovo Property Group and Square Mile Capital Management are planning to build a roughly 740,000-square-foot warehouse at the former site of Whitestone Multiplex Cinemas in the Bronx. The two firms bought the site from Extell Development for about $75 million and plan to lease the warehouse to e-commerce companies for deliveries. The project’s total cost should range from $300 million to $500 million.

2. 60 East 112th Street, Manhattan
L M Development Partners filed上[……]

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Priam Properties

Nashville office REIT eyes sector s first IPO this 上海夜网论坛 上海夜网year Priam Properties is considering going public as REITS bounce back from rough 2018

Priam CEO Abhishek Mathur (Credit: iStock and Priam Properties)

As office REITs in general continue to underperform, growth-focused office landlord Priam Properties is considering an initial public offering.

The Nashville-上海夜网论坛 上海夜网based company would be the first U.S. REIT to go public this year, according to Bloomberg. Led by CEO Abhishek Mathur, the firm has had discussions with investment banks about selling shares in 2019, sources told Bloomberg. Representatives for Priam did not respond to requests for comment.

Though REITs took a beating in the markets last year, they have slightly outperformed the S P 500 to start the year, with the Bloomberg U.S. REITs index rising by 12 percent. And with the Federal Reserve deciding to hold off on more interest rate hikes for now, investors are again turning to REIT shares.

As for office REITs in particular, lu上海千花网龙凤论坛 上海千花社区kewarm demand and increased space efficiency mean that they have continued to trade well below net asset value, and investors such as DWS Group have a negative outlook on office properties.

Priam Properties is focused on high-growth urban areas in the Midwest and Southeast other than the major markets, according to the company s website. The REIT owns 31 properties in cities like Columbus, Ohio; Indianapolis; Nashville and Memphis, Tennessee; Tampa and Orlando, Florida; Richmond, Vi[……]

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Paul Simon

Westchester Fairfield Cheat Sheet: White Plains YMCA site set for $100M apartment complex, $48M Greenwich sale is priciest in 5 years… more

Clockwise from top left: Paul Simon seeks $13.9M for his New Canaan home, the $48M off-market sale of a Greenwich estate is the largest in the town since 2014, former standup comedian-turned-life coach Lisa Lampanelli lists her Fairfield beachside home for nearly $2.5M and the sale of a former Novartis campus in Rockland County is the subject of a $100M lawsuit filed in White Plains.

Developer proposes $100M project at YMCA site in White Plains
Southern Land Company, the Nashville-based developer that is in contract to buy the building that houses the YMCA of Central and Northern Westchester in White Plains, plans to spend “north of $100 million” to build an 8-story, mixed-use structure at the site, the Daily Voice Plus reported. Southern Land’s northeast director of acquisitions Joseph 阿拉爱上海同城 爱上海龙凤419桑拿Rossi told the outlet that the existing building will have to be demolished, as it’s been “very po上海千花网交友 上海千花网论坛orly maintained.” The developer will close on the 1.16-acre property after it secures the approvals it needs from the city for the project, which will reportedly include 173 apartments, on-site parking, a swimming pool and around 2,000 square feet of retail space. The Daily Voice also reported this week that the Westchester Industrial Development Agency had granted preliminary approval on a $1.8 million sales tax exemption for a $95 million devel[……]

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Follow closely tide ” street Xiang Yu the Conqueror ” electric contest league matches is in steadily outspread

Electronic athletics is in more and more suffer approbate, a lot of game are joining electric contest field. The closest sky blocking general with respect to battle new move, announce to be begun in Japanese area ” street Xiang Yu the Conqueror ” new league matches. The target of league matches is the admiral class tounament that makes more player organic can participate in them ” ” street Xiang Yu the Conqueror ” league matches: Pro-JP ” in. New league matches will be begun from inside prevailing player group, spare player also has an opportunity to participate in league matches, the winner will continue to participate in league matches trying refine, organic meeting by pitch on of professional battle group. The opportunity that joins professional battle group will be these so called spare players’ biggest award. “” street Xiang Yu the Conqueror ” league matches: Market opportunity 2019 ” it is one of Xinjin league matches, will open contest later on this month, in complete Japan undertake in office of 30 markets opportunity, finals will undertake finally on July 28. The 2nd league matches ” ” street Xiang Yu the Conqueror ” league matches: Campus – JP 2019 ” undertake to the form of battle with the network, on May 15 finish inside a day. This is to face the league matches that the student of institution of higher learing such as school of Japanese university, institute, ability begins. League matches whole journey will undertake direct seeding through Twitch. The last leagu[……]

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” quality effect ” 4D theme tourist attraction publicizes the brigade with an appreciation holographic universe

 California big United States (Great America) pleasure ground is 4D now ” quality effect ” the tourist attraction released a new propagandist video. Before the basis authoritative information, this is one calls quality effect: The brigade of the Jing Song of new world, be called to be the brigade with holographic 4D. So the government so what meaning is flicker after all? The video below watchs in light of.

It is in video so say: Welcome everybody to take the quality effect of pleasure ground of California big United States: New world, here everybody can become a searcher. If you are enough the word of bravery, prepare a be personally on the scene please, span the brigade with the holographic 4D of the galaxy.

According to official Twitter description, tourist attraction of this quality effect still has the biggest 3D LED on the world to display screen, spring is open this year. In addition, the former word when be being announced the earliest in September 2015 according to the government, this second itinerary will bring first visitor kind experience, in taking the setting in series game and part reality, come.

Passengers will be ascended use feeling seat, wear 3D glasses, do not have with vision of 3D of second for generations seam interactive. Besides using feeling seat, this itinerary still have high-tech acoustics and other 4D effect.

In fact the pleasure ground of the 2nd game that this is EA, besides ” quality effect ” outside, still have ” corpse of plant big f[……]

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Force bully screen! Perfect ” big dictate of the whole people ” presiding exposure of dirt of male god herd

Herd, namely the meaning; dirt of regnant, director, namely subcelestial, human society. Mu Chen this name, it is the meaning of regnant this world originally. Ideal world hand in hand the dazzle of 3D float sky that giant silkworm potato makes meticulously fights a hand to swim ” big dictate of the whole people ” , now first to everybody exposure the boundless universe Mu Chen of the first male god. Super- strong erupt, go against day of output, for the player of battle of close to liking body, charge forward, ” big dictate of the whole people ” in the limit explodes hairstyle Mu Chen is them not 2 choices.

As the first male god of the be worthy of in the novel, mu Chen rises from boreal clever institute, all the way can weighs a beauty countless. God of the name of a river in Shaanxi and Henan provinces a group of things with common features the Wen Qingxuan of Li of empress the name of a river in Shaanxi and Henan provinces, sexy nobility, charming is spruce but the person’s Tang Qian, be opposite in succession he fragrant heart is dark make. Heroes of such a teenager, besides armed strength ruse, yan Zhi nature also is to have assure. In ” big dictate of the whole people ” the hand swims in, one banquet flower establishs Mu Chen angrily neckline gown, the black white with extremely strong antagonism fastens joint of photograph of as complex as his one’s life experience, cooperate to be full of a metal to pledge the manipulator of feeling is covered, highlight Mu Chen the[……]

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Zhengzhou 90 hind undergraduate ball-pen makes a picture be admired by assist Jing the netizen expresses genuflect

Recently, a group of draw are nodded by netizen transmit in succession on small gain assist, nevertheless, most those who make person Jing colourful is, actually a 90 undergraduates after come out this group of work with ball-pen picture. To this, a lot of netizens express genuflect.

It is reported, the author of the picture is called Shi Xin, a be university of water and electricity of China north irrigation works big 4 students, he what was born 1993 is a model 90 hind, like street dance, like music, travel also is holiday necessary.

And the experience that he learns to draw, also just just 6 years of time, make a picture as to ball-pen, it is oneself interest completely, had not accepted professional guidance.

In Shi Xin’s paint, the brushwork of ball-pen held huge one part, it is for the word that uses him: Ball-pen picture is to me exercise staying power not 2 choices, at the same time I also very the process that enjoys picture ball-pen to draw. Because I think ball-pen picture is all pictures,plant one of li of painterly forms that provide artistic attainment most, so I all the time very strokes of favour Yu Yuanzhu.

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