TF Cornerstone pays $140M for Williamsburg multifamily building

first_img250 North 10th Street and Frederick Elghanayan, president of TF Cornerstone (Credit: Google Maps)TF Cornerstone has purchased a Brooklyn apartment building for $137.75 million — more than $30 million less than the seller paid a few years ago.The developer bought the 234-unit property at 250 North 10th Street in Williamsburg, and secured an $82.75 million mortgage from M&T Realty Capital, according to property records.The seller was Nuveen, which paid $169 million for the property in 2015.TF Cornerstone partnered on the purchase of the 150,000-square-foot building with Trinity Place Holdings, according to RE Business.Representatives for TF Cornerstone, Nuveen and Trinity did not respond to requests for comment.The six-story building has rents ranging from $2,795 to $6,195, according to StreetEasy.ADVERTISEMENTIn November, Wharton Properties’ Jeff Sutton bought a one-story Williamsburg building at 166 Berry Street for $20 million, or $3,226 per square foot, which the seller’s brokers said was a record for the neighborhood. This content is for subscribers only.Subscribe Nowlast_img read more

State Makes Offer for LIO Building

first_imgThe LIO’s developers are still reviewing the proposal. If the owners don’t accept the offer, the Legislature may move to the nearby Atwood Building, which is already owned by the State. The offer is slightly below the developer’s asking price and well below the $40 million ten-year lease the Legislature had previously signed. A judge last week ruled that the lease will illegal since the State didn’t pursue a competitive bidding process.center_img FacebookTwitterEmailPrintFriendly分享The State Legislative Council voted 13-1 yesterday (Thursday) to purchase the Anchorage LIO Building on Fourth Avenue for $32.5 million.last_img read more

98 Days to go

first_imgChronicle Sport World Cup facts: Uruguay hosted the first FIFA World Cup in 1930THE 1930 FIFA World Cup was the inaugural FIFA World Cup, the world championship for men’s national association football teams. It took place in Uruguay from July 13 to July 30 1930.FIFA, football’s international governing body, selected Uruguay as host nation, as the country would be celebrating the centenary of its first constitution, and the Uruguay national football team had successfully retained their football title at the 1928 Summer Olympics. All matches were played in the Uruguayan capital, Montevideo, the majority at the Estadio Centenario, which was built for the tournament.Thirteen teams (seven from South America, four from Europe, and two from North America) entered the tournament. Only a few European teams chose to participate because of the difficulty of travelling to South America.The teams were divided into four groups, with the winner of each group progressing to the semi-finals. The first two World Cup matches took place simultaneously, and were won by France and the United States, who defeated Mexico 4-1 and Belgium 3-0, respectively.Lucien Laurent of France scored the first goal in World Cup history, while American goalkeeper Jimmy Douglas posted the first official “clean sheet” in the tournament.Argentina, Uruguay, the United States and Yugoslavia each won their respective groups to qualify for the semi-finals.In the final, hosts and pre-tournament favourites Uruguay defeated Argentina 4-2 in front of a crowd of 68 346 persons, and became the first nation to win the World Cup.last_img read more

And Boog came through; Twins series review

first_imgSure it feels like it was yesterday. It’s a new era in baseball. The date is Oct. 4, 1969.The Birds are hosting Minnesota.  Yes, the regular season is over. And it’s time for the first ever American League playoff games. It’s a best 3 of 5 series before a team can head to the World Series. Still it’s bit scary.The 69 Orioles had a marvelous season winning a franchise record 109 games but that could all be wiped away by the Twins. And this is a Minnesota team with MVP Harmon Killebrew, Rod Carew, Cesar Tovar and Tony Oliva.The opening game pits side-arming right hander Jim Perry vs. our 23-game winner, Mike Cuellar. Frank Robinson homers for the first run of the game in the bottom of the fourth. And then the Twins knot the game their half of the fifth.What happened in the home half of the fifth? Yes, another homer. This time from Mark Belanger. Yes, the very-light hitting Belanger hits a rare round-tripper and the Birds are up 2-1. Stay tuned, Belanger will do something else good in this game.The Twins’ 7th is key. A harmless walk to Killebrew proves nearly fatal. That’s because the sweet-swinging Oliva takes the left-hander Cuellar out of the park. It’s 3-2 Twins.It’s 3-2 to the ninth. I’m in Aunt Lillian’s apartment in suburban Virginia. And I began to cry. Heck, it’s only one game. But we can’t lose can we? Boog Powell led off the ninth against Perry. And Boog delivers a solo shot., We are tied in Baltimore.This game would go a full 12 innings. That’s when Belanger singled to lead off the 12th. It was a perfect bunt from Paul Blair that brought Belanger in with the winning run in the 4-3 win.It was the first of 10 straight American League playoff games that the great Orioles teams would win in a row.Now what happened to our present Birds on their trip to Minnesota?  Somehow I get more aggravated by a team of good hittters that suddenly can’t figure out how to score. That’s what happened in this series.Actually we didn’t hit the ball well the entire series. The lone win came in game one. Ubaldo Jimenez was brilliant on the mound. He fanned 10 Twins in winning 3-0. Zach Britton and Tommy Hunter finished up. Nellie Cruz cracked another long homer.Saturday’s game looked like the Orioles didn’t come to play. We didn’t hit well nor pitched well in a 6-1 loss. Still, we trailed just 2-1 heading to the fifth. Nick Markakis and JJ Hardy both had 2 hits.Cruz again was the hitting hero in the series finale. He smashed his 9th homer of the season in the sixth inning and that brought us within 3-2. That was the good news. Manny Machado had his first two-hit game in the 5-2 loss. Delmon Young also had a pair of hits. Please follow and like us:last_img read more

Linden Mayor flouts law, sends Town Clerk on admin leave

first_img– Minister Bulkan silentIn clear violation of the Municipal and District Councils Act, Chapter 28:01, Linden Mayor Carwyn Holland on Thursday decided to unilaterally send Town Clerk Jenella Bowen on administrative leave pending the outcome of an investigation, which is before Communities Minister Ronald Bulkan. Only the Communities Minister in the absence of a Local Government Commission is vested with the power to make that decision.Holland and the Linden Mayor and Town Council (LMTC) had passed two no-confidence motions against Bowen and subsequently wrote Minister Bulkan requesting she be removed. But Minister Bulkan is still to make a decision, which seemingly angered Holland, prompting him to decide to take his own action against the Town Clerk.Linden Town Clerk Jenella BowenGuyana Times has seen a letter dated October 6, 2016 that Holland wrote to Bowen, instructing that she proceed on administrative leave with immediate effect until the conclusion of “the hearing”.“Please be informed that the Ministry of Communities has reviewed the Council’s recommendation and granted no objection,” the letter copied to Communities Ministry Permanent Secretary Emile McGarrel and the LMTC Personnel Officer stated.It went on to highlight that the LMTC proceeded in accordance with the Municipal and District Councils Act, Chapter 28:0, Section 8 A, Subsection G, which states that the Council shall “ensure that the municipality is managed in a professional and competent manner by a qualified Town Clerk” and Section 8 A, Subsection H, which states that the Council “shall perform any other duties or functions imposed on the Council by this or any other law or by the Council”. Subsequently, the Mayor; his deputy, Waneka Arrindell and two senior Police Officers reportedly showed up at the home of the Town Clerk and demanded that she hand over all of the Council’s belongings to them.However, nowhere in the cited act is the Council given the authority to discipline or remove from office the Town Clerk.When contacted, Bowen told Guyana Times that she made attempts to contact Minister Bulkan, but those attempts were unsuccessful; however, she was able to speak with Permanent Secretary McGarrel who advised that she comply with the instructions of the Council.McGarrel confirmed this to Guyana Times , but stated that his advice was to defuse any possible “physical” confrontation. He declined to answer any other question on the issue.Efforts to contact Minister Bulkan proved futile, as calls to his office and mobile phones went unanswered. But a call to his residence was answered and after a prolonged delay, Guyana Times was told he was not at home at that time.Bowen said she has since sought legal advice on the way forward, but could not say if she would report for duty today.The Mayor’s action was deemed unconstitutional, since Section 118 of the Municipal and District Councils Act, Chapter 28:01 clearly states that in the absence of a Local Government Commission, the Communities Minister holds the power to appoint, discipline and disappoint any Local Government Officer.Section 120 of the Act states; “The power to exercise disciplinary control over Local Government Officers (including the power to remove them from office) shall be exercised by the Commission or other person or authority in whom such power is vested under Section 118 or Section 119 in accordance with any rules pertaining to discipline made by the Commission under Section 114.”Section 121 adds that where a Local Government Officer is disciplined, including removal from office by anyone other than the Commission or its designate, the officer can appeal that decision, which the Council or its designate can confirm, set aside or vary any finding on such persons or authority and to confirm, quash or vary any penalty awarded.Former Attorney General and Legal Affairs Minister Anil Nandlall, in an invited comment on Thursday evening, said that Town Clerks, like Regional Executive Officers (REOs), are creatures of the Minister and it is only him who can discipline or dismiss them.He said what was playing out at the Linden municipality was purely authoritarian action by the Mayor and his gang.“Again we are witnessing authoritarianism and a clear violation of the rule of law. The municipality has no authority to discipline or dismiss the Town Clerk: the Town Clerk is a creature of the Minister,” Nandlall, a respected lawyer, opined.He said the actions by Holland and others in Linden and the silence of Bulkan may very well be a sign of the Minister’s weak leadership skills.The spat between Bowen and several Councillors, including Holland and Arrindell, began after she accused the Mayor and Deputy Mayor of spending over $500,000 on travel expenses from the already depleted coffers of the Town Council.The Linden Town Council has not met in more than two months and when contacted last week, Holland told Guyana Times that he was unable to get a quorum for the meetings as Councillors were anxiously awaiting Minister Bulkan’s ruling on the Town Clerk.last_img read more