Month: June 2019

Trump Hotel Baku

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Trump s former Baku hotel caught on fire twice in one night Authorities have not disclosed the cause of either blaze

From left: Donald Trump in August 2015, the former Trump Hotel in Baku. (Credit: Michael Vadon, Chuck Morave)

The Trump Organisation s former hotel in Baku caught on fire twice over the course of Saturday night in the capital city of Azerbaijan.

The blazes in the 33-story building took hours to douse, and officials have not revealed the cause of the fires, according to the Associated Press.

The building was initially constructed to be a Trump-branded hotel, however the organisation cancelled上海千花网论坛 上海千花网 the licensing deal after President Donal上海龙凤论坛 新上海贵族宝贝论坛d Trump s election in December 2016. Trump上海千花网 爱上海同城对对碰 s partners included a family suspected of laundering money for Iran s Revolutionary Guard.

The building is still not open, but is reportedly being re-purposed to be a business center, according to AP.

President Trump may h爱上海 爱上海同城手机版ave earned up to $2.8 mil上海夜网 阿爱上海同城lion from the incomplete hotel before the deal was cancelled. [AP] — Erin Hudson

Tags: Commercial Real Estate, Donald Trump, fire, Hotel Market, Politics, trump organization
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2 North 6th Street

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Douglaston lands $380M refi for Williamsburg rental tower Natixis is the lender at 2 North 6th Street

Douglaston Development Chairman Jeff Levine and 2 North 6th Place in Brooklyn (Credit: Douglaston)

Douglaston Development refinanced its Williamsburg rental tower 2 North 6th Street with a $380 million loan from Natixis Capital, property records show.

The new financing package includes a $103.3 million gap mortgage and replaces a $276.7 million construction loan from Capital One, according to documents from the city s Department of Finance.爱上海同城手机版 新爱上海同城对对碰论坛

The 40-story, 554-unit tower topped out in late 2016, and TCOs were issued in the third quarter of 2017. It is pa上海夜网论坛 上海夜网rt of Douglaston’s four-building, 2,000-plus unit complex on the Williamsburg waterfront.

Natixis could not immediately be reached for comment. In a statement, Douglaston s chair Jeff Levine said leasing is on t上海龙凤论坛 新上海贵族宝贝论坛ime and on budget and that the loan deal went smoothly.

Meanwhile, Douglaston, headed by Jeff Levine, plans to develop a 1.1 million-square-foot mixed-use project near Hudson Yards in Manhatta爱上海同城手机版 新爱上海同城对对碰论坛n.

Tags: Commercial Real Estate, Real Estate Finance
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MoMA Renovation

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MoMA closing this summer for final stage of $400M overhaul Muse上海千花社区 上海千花网交友um will be closed from June 15 to Oct. 21

11 West 53 上海同城对对碰交友社区 上海夜网论坛Street (Credit: MoMa and Pixabay)

M上海千花网交友 上海千花网论坛ore like LessMA.

As it enters the home stretch of its $400 million expansion, New York s Museum of Modern Art will be closing its doors for fours months this summer and fall, from June 15 to Oct. 21, for a full recon上海贵族宝贝 上海千花网龙凤论坛figuration of its galleries, according to the New York Times.

The new configuration, which will juxtapose artwork from different mediums instead of separating them in a discipline-based system, aims to give new prominence to previously overlooked works in its massive collection.

MoMA bought the property adjacent to its West 53rd Street location, the former home of the American Folk Art Museum, for $32.1 million in 2011. The museum s overhaul involved expanding its lobby, and creating theaters, a library, classrooms and gardens, along with the new gallery spaces.

Though the museum will be missing out on a significant amount of summer tourism revenue, private donations may help cover some of the costs. The museum will soon be announcing a $200 million donation from the estate of David Rockefeller, the philanthropist and banker, who died in 2017.

The expansion was also funded with a $100 million donation from media baron David Geffen in 2016.

During its previous renovation in 2004, MoMA moved to temporary space in Queens for two years. This year s much shorter turnaround means a relocation wi[……]

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Elon Musk Mortgage

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Elon Musk turns to Morgan Stanley to finance 5 California mansions The bank provided $61M loans for the homes, including 4 in Bel Air

Elon Musk and one of his Bel Air homes (Credit: Getty Images and Redfin)

Billionaire futurist Elon Musk has taken out $61 million in mortgages on five California上海龙凤论坛 新上海贵族宝贝论坛 mansions.

Morgan Stanley provided the debt on the properties, which amount to $180,000 in monthly payments for Musk, according to Bloomberg.

The Tesla, Boring上海龙凤论坛sh1f 上海龙凤论坛 Company, and SpaceX founder took out loans on four of his homes in Bel Air, and one in the San Francisco Bay area city of Hillsborough, Bloomberg reported.

All of the loans represent new debt except one. That one is a refinance on the first Bel Air home Musk bought in 2012, a 1.7-acre estate above the Bel Air Country Club. Musk acquired another home next door in 2013, but turned it into a private school for his children and their friends.

Such large mortgages are rare in the world of private home lending, but Musk isn’t alone among wealthy homeowners who prefer debt to cash. His neighbors in Bel Air, power couple Jay-Z and Beyoncé, took out a $52.8 million loan on a sprawling 30,000-square-foot spec mansion in the area in 2017.

In 2015, M爱上海同城论坛 爱上海同城usk added two more Bel Air properties to his portfolio. Two years later he dropped $24.3 million for an unfinished spec home in the exclusive neighborhood. But that wasn’t enough. A few weeks ago, he爱上海 爱上海同城手机版 bought another home for $6.4 million.

In total, there were 230 mortgages o[……]

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EB

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EB-5’s WeChat wars Chinese investors are taking to the messaging app to organize. But misinformation runs rampant

EB-5 projects 702 Seventh Avenue and The Wheel (Credit: iStock)

Not long after developers pulled the plug on the $900 million New York Wheel – the biggest EB5-backed project ever to go belly-up – a group on the popular Chinese messaging app WeChat lit up over the possible ramifications for investors.

When the planned 630-foot-tall Ferris wheel project went bankrupt in October, a $206 million loan, made through the regional center CanAm Enterprises, appeared to have been wiped out. But the question of whether the Wheel had created enough jobs to secure visas for the EB-5 investors remained.

“The money is doubtful, but there s still hope for green cards via litigation,” wrote chat member Yujin CMB 54 2016.9.29, who does not appear to be one of the NY Wheel EB5 investors. (In order to establish trust, many investor chatrooms request that users create an alias containing their project name and application date.)

Another chat member, Jenny 555TEN 2015.11, put it more bluntly.

“It s time to sue.”

The Wheel’s EB-5 investors — who it appears have not filed a lawsuit — are in a now-familiar predicament. A visa backlog at the United States Citizenship and Immigration Services and some high-profile instances of alleged fraud have led to a spike in litigation surrounding the contro爱上海同城论坛 爱上海同城versial “cash-for-visa” program, which for years has supplied major U.S. developers with billi[……]

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THQ Nordic is weathy buy again ” spatio-temporal heroes ” game copyright

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THQ Nordic announces now, from ” spatio-temporal heroes ” 3 author Yann Robert, franck Sauer and Yves Grolet bought this to make game copyright in the hand. THQ plans to make this work renascent, include again refashion ” spatio-temporal heroes ” , continue to make ” spatio-temporal heroes 2: Break Eden ” . This second buy by be located in Sweden Kaersidade’s THQ Nordic AB is responsible, after that add the day-to-day operation of this IP will give the THQ Nordic GmbH(of Austrian Vienna includes to issue, cent is sold, add is made evaluate wait for working) . In addition this second buying is THQ Nordic 2019 buy an action first, THQ Nordic was bought last year ” shadow of ghost house demon ” ” Amala is regnal ” ” imitate goat ” wait for IP and atelier, THQ CEO ever expressed to still 35 are made newly have not announce. ” spatio-temporal heroes ” it is game of venture of a motion, landed PC 1999. Its are called to be game of open world of the first 3D, ever obtained include year optimal adventure game to wait for more than 100 large award inside. Game stage set surprises in the Adelpha of different heavenly body of unreal, the player acts commando of the seal before an United States that is called Cutter Slade, give orders protects 3 scientists, head for shut a black hole, safe return the earth. Refashion edition ” spatio-temporal heroes: 2 degrees of contacts ” landed Steam platform in November 2017. [……]

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” former days no longer ” new cut scheme divulges interface of couplet net function, UI and pushbutton layout

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Although ” former days no longer ” wait for a week even ability put on sale, but there has been edition of hypostatic beat the gun now, just scope of beat the gun is very little, still do not have which shopkeeper to shift to an earlier date large-scale sell. ” former days no longer ” it is subject matter of doomsday of a corpse opens the world to seek to live on game, the basis is newest the game cut plan that reveal, we saw a lot of newest detail information and game function. Above all, the player can shut experience, avoid a battle to be disturbed thereby. Additional, game holds the airspace that accused to offer a few individuation to adjust for handle, the player can adjust camera lens susceptibility, open or shut run automatically. ” former days no longer ” download bag is adscititious first days of patch shares 67G volume, the video that player of edition of beat the gun uploads revealed lurk and engine to drive respectively setting. ” former days no longer ” predict official on April 26 put on sale. Demonstrate video:[……]

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Suo Ni: ” divine sea ” the film is in ” develop beforehand ” level

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According to CEO of industry of Suo Ni movie, holand landlord acts ” mysterious maritime space ” the film is in at present ” develop beforehand (Advanced Development) ” level. This is meant ” mysterious maritime space ” film project still afoot, probably before long can more messages come out. Suo Ni ” mysterious maritime space ” film project takes unusual twist all the way, several directors and playwrite were changed among, it is a main actor even. To ” mysterious maritime space ” the film, story happening is in ” mysterious maritime space: Gold abyss ” before game, that is to say the film is game before pass, tell about De Lei to overcome the story of young times, just choose Holand younger brother to serve as a main actor so. ” mysterious maritime space ” the film by Dan Trachtenberg hold guide, his Ceng Zhi guided ” Keluofu 10 ” and ” black lens ” series teleplay. At present the respect has not announce all alone Buddhist nun when to leave to pat and be shown, say considering Suo Ni the film is in ” develop beforehand ” level, more or less to have some of suggestion it seems that this film hopeful is in a certain moment leaves this year pat. [……]

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” mission call 16: Modern war ” the likelihood did not escape greatly really kill mode

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Last month end namely on May 31, move inspect and IW group was announced eventually this year ” mission call ” series is made newly; “Soft restart ” ” mission call 16: Modern war ” . Although publicizing this making mentioned in interviewing single person of link and IW group,battle scarcely can make a player disappointed, did not disclose however to government of much person mode too much. However we can be peeped from inside the store page of game a few clue. PS4 of no less than and place of Xbox store page are narrated, game supports amuse oneself of the mode on the line of 2-20 person, and the GW that Reddit netizen thinks game will join a tradition in succession (Ground War) mode is made give priority to many dozens of person to battle. Generally speaking GW mode supports 12-18 person, look IW prefers 10V10 compared with 9V9 a few. Miniature of course group death contest or cooperative mode also can have certainly. And this also proved what do not include market of these two years of dominant really to game appears more or less ” escape greatly kill ” mode, otherwise game number won’t demarcate is 20 people. Some earlier this year moment once had explode makings specification crosses this, and show what some information also can be opposite to it to go up date. Of course everything or the answer that give out with the IW when game is issued are accurate. ” mission call 16: Modern war ” will issue formally on October 25, land platform of Xbox One, PS4, PC (battle net is e[……]

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Cannot bear! Most game developer thinks Steam is undeserved cost of 30% pass by

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Regard online game as the tycoon of platform, steam is in encountered many competitors in recent years, epic Game Store is among them one of. Be aimed at the new investigation of game developer according to, game develops personnel to begin to think, steam regards promotion and sale as platform undeserved of 30% ” pass by is expended ” . This investigation can be held every year, and develop business to drop considerably to the impression of Valve and Steam this year. Development staff begins to lose confidence to Steam, they do not believe they pay to the shop 30% it is reasonable, and they will convert Epic probably finally. Name of this findings report is ” all things that Valve should know, 3 ” . Want because of Lars Doucet of the member that investigate and Valve interview, the investigation this year is not as so full-scale as in former years. But this report is shown really gave a lot of game developer to be opposite of Valve and Steam run way dissatisfactory. For example ” the requirement that answer my question and satisfies me ” or ” the increase that seeks with me agrees actively ” appeared to drop considerably, fell to lose a value even. In this one category, development business of the west already dropped considerably to the view of Steam. For example, be in the United States, as a result of all sorts of reasons, the development business of 82% is voting say Steam is undeserved the pump water of 30% , the game that shows them by ” algorithmic ” do was bungled. G[……]

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