The Week in Real Estate Numbers
3 -->The number of planned high-rise condo projects announced by Shanghai-based developer ShengLong Group. Two of the buildings will be in Downtown LA, with the third in nearby Koreatown.
8% --> Ken Dart’s stake on the entire Cayman Islands. After renouncing his US citizenship, Dart has used his $5B fortune to build a massive international real estate empire.
$5k --> The price per SF of Bulgari’s NY record-setting rent at Wharton Properties and General Growth Properties’ 730 Fifth Avenue.
49% --> The stake Extell Development’s Gary Barnett is marketing in the leasehood interest in 555 10th Avenue.
11.07% --> Healthcare REITs’ YTD loss through the end of October.
$200M --> The value of six development projects that Mayor Bill de Blasio set aside for minority developers during a secret meeting to boost these developers’ business.
4,000 --> The number of locations McDonald’s plans to refranchise to cut costs after turning down pressures to form a REIT.
16 feet --> The gaps between every two floors at ODA Architecture and Triangle Equities’ Space Age-inspired 303 East 44th Street. These spaces will be turned into outdoor sculpture gardens.
25 --> The number of years between the Brooklyn War Memorial’s closure and its reopening following a total overhaul.
$225B --> Brookfield’s total assets under management after an $845 Q3 net income. Amazingly, this still fell short of analyst expectations.
6--> The number of executives that have left Monday Properties as the firm puts investments on hold.
85k --> The SF of Milan multi-use property that Thor Equities acquires in their continued international expansion.
$400M --> The total value of the eight properties that Bahrain-based company Investcorp Bank BSC has purchased in Las Vegas, Denver, Chicago, Atlanta and Dallas.
12% --> The jump in Q3 multifamily and commercial mortgages over the same time last year. The growth was significantly helped by retail and office property originations.
5 --> The number of full-floor apartments that CIM Group and Macklowe Properties has split into two condos in order to boost ailing sales at 432 Park Avenue.
$19B --> The value of Nicholas Schorch’s controlling interest in his AR Global Investments. Apollo Global Management had spent a year negotiating the deal before it was terminated this week.
1,100 foot --> The height of JDS Developments supertall tower in Downtown Brooklyn, which will be New York City’s largest building outside Manhattan and Brooklyn’s first legitimate skyscraper.
$250M --> The price of Extell Development’s One57 rental portion, which Extell has just put up for sale in order to get tax advantages.
6k --> The SF of Bjarke Ingels Group’s Vancouver House’s base, which won the Project of the Year Award at the World Architecture Festival.
300k --> The SF of GroupM’s expanded lease in Silverstein Properties’ 3 World Trade Center.