Airbnb Valuation

Airbnb raising $850M at a $30B valuation Latest funding comes on heels of $1B debt financing to fuel expansion

Airbnb homepage

Short-term rental giant Airbnb is making a reservation: for $850 million in financing to further its expansion.

The equity round — first reported in上海龙凤论坛sh1f 上海龙凤论坛 June, but now official thanks to a new regulatory disclosure — would give the company a valuation of $30 billion, Bloomberg reported. And it would bring the total equity raise阿爱上海同城 阿拉爱上海同城d by the San Francisco-based company to $3.2 billion, according to the private stock market company Equidate.
The filing does not identify the investors in the latest round.

Most recently, Airbnb raised $1.6 billion at a $25.6 billion valuation in July 2015.

In June, the company was said to be in talks for a new funding round that would triple its valuation in two years.  Also in June, Airbnb raised $1 billion in debt to finance an international expansion and a push into new business lines. JPMorgan Chase, Citigroup, Bank of America and Morgan Stanley participated in the financing.

Despite its popularity — among both investors and users, it would seem — the home-sharing company has faced backlash in New York, where state law does not allow short-term rentals of less than 30 days.

In New York上海千花社区 上海千花网交友 City, about 8 percent to 17 percent of all Airbnb l爱上海同城对对碰 爱上海同城论坛istings were operated as commercial units, according to a back-of-the-envelope analysis by The Real Deal in 2015.  Earlier this month, Airbnb released data claiming tha[……]

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Property Markets Group

PMG to pay $50M for large, vacant Gowanus development site Developer in contract for contaminated 332K sf lot bordering canal

From left: Kevin Maloney (credit: STUDIO SCRIVO), 455-459 Smith Street in Gowanus and David Junik

UPDATED, 5:49 p.m., July 15: Property Markets Group is in contract to acquire a development site with 332,000 buildable square feet along the Gowanus Canal for about $50 million, or $150 per buildable square foot, sources told The Real Deal.

The contaminated site at 455-459 Smith Street is one of the last large, undeveloped parcels in Brooklyn s Gowanus neighborhood. It is a 166,000-square-foot lot with a maximum floor area ratio of 2.

Sources familiar with the deal said the development firm led by Kevin Maloney is considering building a mixed-use property that would contain a mix of offices, a hotel and retail. The lot, located in an M3 district, is zoned for manufacturing.

The seller is clothing magnate Henry Abadi, who demolished the one-story warehouse on the site in the early 2010s.

National Grid is currently responsible for environmental cleanup on the site, which borders the Gowanus Canal on the eastern side. Contamination stems from the production of上海龙凤论坛 新上海贵族宝贝论坛 coal at the former Citizens Manufactured Gas Plant years earlier.

According to a National Grid spokesperson, the company is presently working with the New York State Department of Environmental Conservation on a design for the cleanup.  The future site cleanup will be coordinated closely with the curr[……]

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Corey Johnson

Corey Johnson accused of using $8K campaign donation for rent, staffer s colonoscopy City is probing a volunteer’s donation to the Chelsea council member’s 2013 campaign

Corey Johnson

Chelsea City Council member Corey Johnson is in the hot seat amid allegations that a campaign volunteer paid for rent, clothes and office supplies during the 2013 election.

City investigators are now loo爱上海同城对对碰 爱上海同城论坛king into a volunteer’s donation of more than $8,000, which was reportedly not recorded as regular campaign donations. At least $1,500 of those funds paid for campaign manger R.J. Jordan’s colonoscopy.

Jordan described that payment as “a阿拉爱上海同城 爱上海龙凤419桑拿n agreement made betw上海龙凤论坛 新上海贵族宝贝论坛een friends outside of my parameters as Corey’s campaign manager,” he told DNAinfo. “I’ve been poor my whole life, and mostly without insurance, so when [the volunteer] offered to pay for the procedure, I was elated.”

The maximum contribution an individual can make to a City Council candidate running for office is $2,750. Johnson raised $195,851 in the race for Christine Quinn’s former City Council seat, beating civil rights attorney Yetta Kurland in a brutal campaign.

According to the complaint, the volunteer bought dinner and office supplies for Johnson’s staff, paid the rent on Johnson s apartment and office, and bought the cand上海千花社区 上海千花网交友idate clothing from J. Crew. The volunteer also made a $3,000 donation to the Working Families Party at Johnson’s request.

A Working Families Party spokesman said it was “absurd” to think tha[……]

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Pfizer Rezoning

Land use committee approves Rabsky s Pfizer rezoning Developer pledges 60% of the project’s affordable apartments will be one- and two bedroom units

From left: Steve Levin, David Greenfield and the Pfizer site in Williamsburg

The City Council s Committee on Land Use approved a rezoning for Rabsky Group s redevelopment of former Pfizer pharmaceutical facilities in Williamsburg.

According to a report in Politico, the proposal passed the committee with a 17-4 vote on Wednesday. Steve Levin, the Council member representing the district that includes the site, voted in favor of the rezoning.

The vote followed a Tuesday deal Rabsky made with the zoning subcommittee members, committing 60 percent of the project s nearly 300 affordable apartments to one- and two-bedroom units. Despite this, Council member Antonio Reynoso remained strongly against it. He previously said that rezonings in Brooklyn had a devastating effect on the Latino community.

Rabsky plans to build a total of 1,146 apartments across eight buildings at the site. T上海千花网龙凤论坛 上海千花社区he affordable co新爱上海同城对对碰论坛 上海同城对对碰交友社区mponent is a requirement of the city Mandatory Inclusionary Housing program.

Some residents in the area worried that, given Rabsky Group principal Simon Dushinsky s background, the new project s apartments would only be rented out to Hasidic Jews.

Levin has tried to ease racial tensions. “People really truly need affordable housing爱上海同城手机版 新爱上海同城对对碰论坛 in both communities … both t上海同城对对碰交友社区 上海夜网论坛he Jewish community and the Latino community[……]

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270 Park Avenue

Tishman Speyer top candidate to develop 270 Park Avenue: report No deal yet, but the prolific developer is considered overwhelming favorite

270 Park Avenue, Rob Speyer and Jamie Dimon (Credit: Getty Images)

The 70-story tower JPMorgan Chase wants to build at 270 Park Avenue will likely be developed by Tishman Speyer, according to a new report.

Sources told Politico New York t新爱上海同城对对碰论坛 上海同城对对碰交友社区hat the bank and city officials are nearing a deal with the developer for a ground-up 2.5 million-square-foot office tower, made possible by a recent rezoning of Midtown East.

To achiev爱上海同城 爱上海e the massive scale, JPMorgan Chase plans to buy roughly $42 million in air rights from neighboring buildings. The爱上海同城论坛 爱上海同城 preliminary plan has the support of both Gov. Andrew Cuomo and Mayor Bill de Blasio.

The bank announced Wednesday its intentions to build a new skyscraper at the site of its cur上海同城对对碰交友社区 上海夜网论坛rent headquarters, a 52-story building that s been renovated multiple times but nonetheless doesn t meet the bank s needs. Tishman Speyer is the developer or owner of numerous office towers in Manhattan, including the Spiral project at Hudson Yards and the MetLife Building in Midtown.

In 2014, JPMorgan Chase made plans to build a $6.5 billion headquarters in Manhattan s Far West Side but scrapped plans after the city denied the bank $1 billion in additional subsidies.

JPMorgan Chase says the new office tower in Midtown East will house 15,000 employees and create 8,000 construction jobs. Demolition is expec[……]

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Phil Horigan Leasebreak

One of StreetEasy s harshest critics plans new rental website Frēlē will take REBNY’s listing feed

Phil Horigan and frēlē

One of StreetEasy’s most outspoken critics is taking on Zillow with a new rental platform in New York City.

Phil Horigan, who launched Leasebreak.com in 2013, is rolling out a “comprehensive” and free rental marketplace at frēlē.com, he said. Horigan is not pulling the plug on Leasebreak — a popular website that connects ten爱上海同城手机版 新爱上海同城对对碰论坛ants looking for renters to take over their lease — but frēlē will target a broader swath of the market.

The former Corcoran Group agent said he decided to launch the site as a matter of principle after StreetEasy began charging agents $3 a day to post listings last year. “I don’t fault any broker for putting a listing on StreetEasy,” he said. But, he added, that doesn’t mean they should have to.

“Can David take on the Goliath?” he asked. “I think so.”

Currently, Leasebreak has more than 8,000 listings on its website — including many that are generated by tenants looking for a renter to take over their lease. Frēlē will have those listings and thousands more by accepting the syndicated listings feed from the Real Estate Board of New York. The short-term leases available on both of Horigan s sites will be a “differentiator” for frēlē in an increasingly-competitive rental market.

Since REBNY launched its syndicated RLS feed last summer, a slew of companies have rushed into the space, including Realtor.com, which is upping its ga上海贵族宝贝[……]

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Soho Real Estate

This Soho loft owner tried to evict a tenant. Then she was arrested She faces charges of aggravated harassment

Ted Owen (Credit: Getty Images)

A 上海同城对对碰交友社区 上海夜网论坛landlord who repeatedly complained about a tenant who allegedly owes more than $28,000 in rent and fees was arrested on charges of harassment.

Bonnie Rychlak, 67, faces charges of aggravated harassment for allegedly calling and threatening her subletter, Ted Owen, the New York Daily News re上海夜网论坛 上海夜网ported. Rychlak, claiming that he threw loud parties that disrupted neighbors and was behind on rent, had moved to evict Owen earlier this month. But the tenant claimed he couldn t leave the third-floor loft because the elevator in the Lafayette Street building is being repaired. Owen called the police on Rychlak on Sunday after running into her in the building. He claims she called and threatened him.

“I conspired to destroy your reputation and I’ll keep the door open for that,” she told him on the phone, according to police.

Rychlak denies that the call ever happened. She also alleges that Owen sent her text messages and emails threatening to bankrupt her.

“I feel like I’m in a Hitchcock movie. I really do,” Rychlak said. “Everything is turned upside down.” [NYDN] — Kathryn Brenzel

Tags: Residenti上海贵族宝贝论坛 上海贵族宝贝al Real Estate, Tenant Harassment
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Belinda Stronach

Stronach family feud continues with daughter’s countersuit The Canadian billionaires owns several horse race tracks in California, Florida

(Credit: Getty, iStock)

Belinda Stronach, former Magna International CEO, has filed a countersuit against her father Frank Stronach — the latest episode in a complex and highly expensive family feud.

In October, the elder Stronach filed a 73-page lawsuit against his daughter and other family members for $400上海贵族宝贝交流区 上海贵族宝贝论坛 million, claiming they mismanaged the family’s assets and limited his control.

The Canadian family built an empire off manufacturing auto parts. The Stronach 上海千花网 爱上海同城对对碰Group, a Magna-related company, own prime real estate in California and Florida.

Belinda Stronach is now fighting back, seeking $25 million from her father in damages, Bloomberg reported. The amount includes funds that were “gifted” to her father for his political campaign in his native Austria and a tax settlement with the Austrian government.

In the countersuit, the former CEO says she was trying to prevent her father from “idiosyncratic and often unprofitable projects” that would hurt the family’s fortune. Frank Stronach spent about $850 million on failed “passion projects,” including two bronze statues of a Pegasus horse that cost $55 million, according to statements provided by a vision of The Stronach 阿爱上海同城 阿拉爱上海同城Group.

The company owns top race tracks such as Santa Anita Park in Arcadia, California; Gulfstream R爱上海同城论坛 爱上海同城acing Park and Casino in Hallandale Beach, Flor[……]

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Newsday inks 130K sf lease for new Melville HQ a mile from its old home

Newsday Media Group has sign上海千花网论坛 上海千花网ed a 15-year lease on a 130,000-square-foot complex in Melville where the company plans to move its headquarters, the newspaper reported. The company plans to move around Labor Day into a two-building space at 6/8 Corporate Center Drive. The property, which is owned by Jericho-based real estate firm The We’re Group, is only about a mile from Newsday’s longtime base of operations at 235 Pinelawn Road, which上海千花网交友 上海千花网论坛 developer Hartz Mountain Industries bought for $54.5 million in 2018 from Newsday’s former parent company Tribune Media. Ne上海千花网 爱上海同城对对碰w Jersey-based Hartz Mountain plans to demolish the newspaper’s former headquarters to build two industrial buildings, one of which will have 600,000 square feet and the other 200,000 square feet. Construction on those two buildings is not expected to begin befor爱上海同城对对碰 爱上海同城论坛e 2020. Newsday’s move to a new building comes a week after the newspaper renewed its lease at a Farmingdale warehouse where the company runs its distribution operations. [Newsday]

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