Bloomberg moving campaign HQ to Times Square

Michael Bloomberg is moving his presidential campaign headquarters from the Upper East Side to Times Square. The new headquarters will open early in January at 229 West 43rd Street on the eighth floor, according to the Wall Street Journal. There are now more than 300 people working on the campaign, and it has outgrown its space on the Upper East Side. The space will utilize an open-office layout and include countdown clocks showing the number

source https://therealdeal.com/2019/12/30/bloomberg-moving-campaign-hq-to-times-square/

RXR plans 21-story LIC office building with manufacturing incentives

RXR Realty is bringing a new mixed-use office tower to Long Island City, which is set to be the first project outside of North Brooklyn to make use of Industrial Business Incentive Area (IBIA) special permits. Plans filed with the Department of Buildings last Friday call for a 21-story mixed-use building at 42-11 9th Street, just south of the Queensboro Bridge and with frontage on both 9th and 10th streets. The 396,365-square-foot building will feature

source https://therealdeal.com/2019/12/30/rxr-plans-21-story-lic-office-building-with-manufacturing-incentives/

These global luxury markets are set to improve in 2020

It was a tough year for sellers of high-end residential properties in many of the top markets across the globe. While 2020 could be more of the same in some cities, others are expected to fare better. Oversupply will likely continue to hamper sales in Manhattan, Los Angeles, and San Francisco, as they did this year, according to real estate experts, Mansion Global reported. Manhattan’s market particularly is under pressure from unfavorable tax reforms, property

source https://therealdeal.com/2019/12/30/these-global-luxury-markets-are-set-to-improve-in-2020/

Epic Commercial Realty lays off brokers; firm’s future in question

Epic Commercial Realty — the middle-market brokerage that has gone through several management reboots in recent years — has effectively shut down. The company’s president, Ido Tzaidi, sent an email to the firms’ roughly 15 brokers and sales associates on Dec. 10 informing them that he was disassociating himself as the company’s corporate broker, one former broker told The Real Deal. In other words, because he holds Epic’s license, any brokers working under him could

source https://therealdeal.com/2019/12/30/epic-commercial-realty-lays-off-its-brokers-leaving-firms-future-in-question/

GFP partnership lands $152M loan to build LIC biotech center

GFP Real Estate and King Street Properties scored over $152 million in construction financing to build their new life sciences complex in Long Island City. The lender was Acore Capital, which provided the debt for InnoLabs at 45-18 Court Square, property records show. The Carlyle Group also appears to be a partner on the development, which will stand six stories and measure about 267,000 square feet. GFP and King Street announced earlier this month that

source https://therealdeal.com/2019/12/30/gfp-partnership-lands-152m-loan-to-build-lic-biotech-center/

TRD South Florida’s Winter 2020 issue is live to subscribers!

The first edition of a new decade is live now for The Real Deal South Florida‘s subscribers. Below, issue editor Heidi Patalano outlines a few not-t0-miss highlights: If there’s one thing we love about covering this industry and its many facets, it’s the personalities. To draw millions in funding from investors who buy into your vision, one cannot be a shrinking violet. It’s the style, the panache and the showmanship of a leader that often

source https://therealdeal.com/2019/12/30/trd-south-floridas-winter-2020-issue-is-live-to-subscribers/

What retirement? Sam Chang files plans for Midtown hotel

Competitive pigeon racing may have lost a major player. Hotel developer Sam Chang, who told media earlier this year he was winding down his real estate business to focus on racing the squat-bodied birds, has filed plans with the New York City Department of Buildings for a new hotel at 150 West 48th Street. Chang bought the site earlier this year from the Rockefeller Group for $140 million, according to Crain’s. Earlier this month, S3

source https://therealdeal.com/2019/12/30/what-retirement-sam-chang-files-plans-for-midtown-hotel/