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After 50 years as a New Yorker, beauty-product maven June Jacobs is embracing the old and the new in the city

June Jacobs has been in the beauty and wellness business for over 30 years, and a New Yorker for more than 50. Jacobs is the creator of the June Jacobs Spa Collection , offered to guests in Grand Hyatt hotels and also found at spas, resorts, and in stores.  We caught up with June to talk about her Upper East Side neighborhood , her love of wraparound terraces , and why she craves a little bit of the old New York City and a little bit of the new. Is this your dream neighborhood, or is there someplace else in NYC you’d prefer to settle? I wouldn't say that it is my dream neighborhood, but it is by far the best neighborhood for me to live in. It’s very accessible to all of the parts of the city that I want to be near, and I don’t picture myself moving elsewhere. Do you own or rent? Rent. How’d you find it? One of my close friends was renting the apartment I live in now and I was always envious of it. She got engaged and was going to move in with her fiancé, so I knew it was going for...

Hines Enters Joint Venture Agreement for Offices at Chandler Viridian

PHOENIX, Aug. 21 -- Hines issued the following news release: Hines, the international real estate firm , has entered into a joint venture agreement with New York Life Real Estate Investors , on behalf of its institutional client , as its equity partner to develop the Offices at Chandler Viridian .The Offices at Chandler Viridian is a six-story, Class A office building with 250,000 square feet of space located at the intersection of Loop 101 and Loop 202 near the Chandler Fashion Center ."The Offices at Chandler Viridian is a highly desirable office building offering users the connectivity needed in today's business world. The addition of New York Life Real Estate Investors ' institutional client creates a powerhouse partnership for this project," said Chris Anderson, managing director and Arizona leader for Hines. "Without leaving the Chandler Viridian campus , tenants will be able to stay at a beautiful new hotel, live at a luxury multifamily complex , ea...

How the City Nails Landlords for Their Tenants’ Illegal Airbnb Rentals – Commercial Observer

T wo weeks ago, a Manhattan Supreme Court judge handed down a decision designed to strike fear in the hearts of landlords. Justice James d’Auguste ordered that an independent receiver be appointed to manage two Midtown residential buildings where the landlords allegedly allowed illegal Airbnb rentals to occur. The case, which began when the city sued the landlords in February 2015, has become one of the battlegrounds in a larger war between city enforcement agencies and short- term rental sites like Airbnb. Airbnb, which was recently valued at $31 billion, refuses to release the exact addresses of hosts who break the law by renting their entire apartment for less than 30 days without being present. Without the addresses and names of Airbnb violators , the city mostly targets the owners of buildings that rack up the most illegal hotel complaints from 311 calls and the New York City Department of Buildings. “This entire model—and it was intentional [by the city]—is complaint-drive...

Greystone Closes $550 Million Freddie Mac Loan to Refinance Moinian’s Sky, Largest Residential Tower in U.S.

NEW YORK, Aug. 23, 2017 (GLOBE NEWSWIRE) -- Greystone, a real estate lending , investment and advisory company , today announced its closing of a $550,000, 000 permanent Freddie Mac loan made to joint-venture partners The Moinian Group and SL Green Realty Corp . for Sky Residences (“Sky”), one of Manhattan’s premier mixed-use residential buildings . The Greystone Bassuk debt advisory team , led by Richard Bassuk and Drew Fletcher, represented the Borrower and assisted in obtaining the Freddie Mac loan through Greystone’s Affordable Lending team . The transaction marks the largest-ever single-asset tax- exempt financing completed by Freddie Mac and a first-of-its- kind private placement structure that includes permanent financing for hundreds of affordable housing units in New York City. Steve Rosenberg , CEO of Greystone, together with Billy Posey, Joe Mosley, and Jeff Englund, collaborated with Freddie Mac on the structure for Moinian and SL Green, and spearheaded the loan proc...

General Motors Learns The Rental Business: Insider Q&A

DETROIT, MI — General Motors Co. started its car-sharing service, Maven, just over a year ago, placing Chevrolets and Cadillacs in New York apartment buildings for occupants to rent. Since then, the service has grown exponentially. Maven is still working with apartment dwellers, but it is also offering hourly and daily rental cars in 17 North American cities . It also offers Maven Gig , a service that lets people rent cars to do odd jobs, like ride-hailing for Lyft or delivering food for GrubHub. Maven Gig expanded into Los Angeles earlier this month; it's coming to Boston, Phoenix, Washington, Baltimore and Detroit this fall. Maven is now moving onto college campuses. This week, it became the exclusive car-share provider to the University of Southern California. Students will be able to rent vehicles for $5 per hour, a lower rate than Maven's usual starting price of $8. College administrators will have their own dedicated vehicle to reserve. (For more local news, click ...

Rent this apartment, and you'll get cashmere-lined closets

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KATHLEEN KINNEY Last updated 14:23, August 16 2017 level penthouse apartment on Manhattan's 5th Avenue near Central Park? It'll set you back US$100k ..." title="" src="https://resources.stuff.co.nz/content/dam/images/1/l/0/k/n/u/image.related.StuffLandscapeSixteenByNine.620x349.1l0ism.png/1502850240399.jpg" class="photoborder" /> CORCORAN GROUP Want to rent this two- level penthouse apartment on Manhattan's 5th Avenue near Central Park? It'll set you back US$100k per month. Manhattan's Central Park is surrounded by opulent apartment buildings , and 988 Fifth Avenue is known as one of the Upper East Side 's most exclusive addresses. In fact, actress-turned- princess Grace Kelly called the building home for a few years. The 1925 14-floor building was designed in an Italian Renaissance -palazzo-style and had just one apartment per floor. But decades later,  Italian businessman Pier Guerci created a new, two- level penthou...

AvalonBay Communities (AVB) Q2 2017 Results - Earnings Call Transcript

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AvalonBay Communities, Inc. (NYSE:AVB) Q2 2017 Earnings Call August 03, 2017 1:00 pm ET Executives Jason Reilley - AvalonBay Communities, Inc. Timothy J. Naughton - AvalonBay Communities, Inc. Sean J. Breslin - AvalonBay Communities, Inc. Matthew H. Birenbaum - AvalonBay Communities, Inc. Kevin P. O'Shea - AvalonBay Communities, Inc. Analysts Nicholas Joseph - Citigroup Global Markets , Inc. Nick Yulico - UBS Securities LLC Richard Allen Hightower - Evercore ISI Juan Sanabria - Bank of America Merrill Lynch Andrew T. Babin - Robert W. Baird & Co., Inc. Austin Wurschmidt - KeyBanc Capital Markets , Inc. Dennis Patrick McGill - Zelman & Associates Wes Golladay - RBC Capital Markets LLC Alexander Goldfarb - Sandler O'Neill & Partners LP Vincent Chao - Deutsche Bank Conor Wagner - Green Street Advisors , LLC Richard Hill - Morgan Stanley & Co. LLC Robert Stevenson - Janney Montgomery Scott LLC Operator Good morning, ladies and gentlemen, and welcome to AvalonBay...