'King of Diamonds' Harry Winston Home Up for Sale at $32.5 Million

 

Marilyn Monroe 

NEW YORK CITY, NY -- Known throughout the world as the King of Diamonds and Jeweler to the Stars, Harry Winston’s jewelry designs have been sought after by movie stars, royalty and heads of state since the 1920s. 

Lauren Weisberger

Showing exceptional talent as early as age 15 for spotting valuable stones, Harry left his parents small jewelry business in California and moved to New York City, where he became a legendary diamond and jewelry specialist.

Paula Zahn

 

The Winston name became synonymous with fine jewelry such as in the 1953 song “Diamonds Are a Girl’s Best Friend” sung by Marilyn Monroe in the movie Gentlemen Prefer Blonds and Lauren Weisberger’s best-seller Chasing Harry Winston.

Mary Tyler Moore

He was well known for lending his glitziest jewels to actresses to show off at the Academy Awards, but Harry was especially famous for his donation of the Hope Diamond to the Smithsonian in 1958, according to TopTenRealEstateDeals.com.

Louise Beit

Harry owned the Hope Diamond for 10 years. Something else he owned for a long time: his jewel of a New York apartment with stunning views overlooking Central Park, which is now on the market, priced at $32.5 million.

Harry Winston

 One of New York’s premier white-glove addresses located directly across from the water basin in Central Park, 927 Fifth Avenue was built in 1917 in the Renaissance Revival style on 12 floors.

Harry Winston apartment home, 927 Fifth Avenue,
 New York City, NY

Located on the entire 9th floor, Harry’s former apartment has six bedrooms, five bathrooms, formal living and dining rooms as well as a library, butler’s pantry, an eat-in kitchen, six fireplaces, 27 oversized windows, herringbone floors and 10’6’ ceilings.

With over 5,000 square feet, rooms in the pre-war building are quite spacious, as befitted the period.  

 

Designed by Warren & Wetmore, well known for designing New York’s Grand Central Terminal and many of the era’s largest hotels, including the Mayflower Hotel in Washington D.C. and the Royal Hawaiian Hotel in Honolulu. 

 

 Former residents of the building have included Paula Zahn and Mary Tyler Moore.  

Though Winston died in 1978 at the age of 82, the Harry Winston salons are still the gold standard of jewelry stores with locations throughout the world, including the U.S., England, China, Switzerland, Germany and Japan. 

 John Burger

The 927 Fifth Avenue listing agent is John Burger of Brown Harris Stevens and Louise Beit of Sotheby's International Realty, both located in Manhattan.

 

 

  CONTACT:

Genelle C. Brown
Content Manager, Media Division
TopTenRealEstateDeals.com
Phone:  336-459-3728
Twitter:  @toptenrealestat
facebook.com/toptenrealestat  

 

Photo Credit:  Brown Harris Stevens
Sources:  TopTenRealEstateDeals.com and www.bhsusa.com
Video: https://www.youtube.com/watch?v=9YPPdaZHnnM  
Video Credit: Sean Evans, @evvo1991 backtothemovies.com/

Daum Commercial Completes Challenging Industrial Sale in Los Angeles County's South Bay Submarket

SOLD: a two-building industrial complex
totaling 145,000 square feet
in the South Bay submarket
 of Los Angeles County, Ca

 

 UNINCORPORATED LOS ANGELES COUNTY, CA – DAUM Commercial Real Estate Services has completed the sale of a two-building industrial complex totaling 145,000 square feet in the South Bay submarket of Los Angeles County, California. 

The complex was sold for a total consideration of $17.25 million and is located at 13255 S. Broadway & 360 W. 132^nd Street in Unincorporated Los Angeles County, California.

The asset was acquired by Hager Pacific Properties, a Newport Beach-based real estate investment firm specializing in industrial, retail, and hospitality renovation projects, according to Michael Collins, Vice Chairman at DAUM Commercial, who represented the seller, a private party, in the transaction.

Michael Collins

“Our client owned a fully leased, well-located asset in the highly desirable South Bay submarket that had environmental concerns,” explains Collins.

 “Based on our deep and long-standing relationships within the Southern California industrial investment community, we were able to source a buyer who is well equipped to address the challenges, ultimately closing at a price based on the current status of the property.”

 

Collins notes that the property is located in one of the tightest industrial submarkets in the county, which is seeing compressed vacancy rates near 2%, according to a recent DAUM report. 

“This is a prime opportunity for the buyer to leverage previous experience remediating environmental issues and implement a proven value-add strategy to realize the upside,” continues Collins.

Rob Neal

“Rob Neal of Hager Pacific Properties was a delight and honored all of his timeframes and commitments, allowing for a smooth transaction.”

The asset consists of one 108,000 square-foot building and one 37,000 square-foot building, with each leased to a single tenant.

 The complex benefits from frontage on three streets, convenient access to major area freeways, and close proximity to Downtown Los Angeles and the Ports of Los Angeles and Long Beach.

 CONTACTS:

 Arleeny Escarcega / Elisabeth Manville  

Brower Group  
(949) 438-6262 
aescarcega@brower-group.com 

 

michael.collins@daumcommercial.com.

 

www.daumcommercial.com.

JLL Capital Markets leads financing efforts for the historic collection of 28 office and retail buildings at Denver’s Larimer Square

 

 Larimer Square offers 28 office and retail buildings
along Larimer Street and Market Street
in downtown Denver, CO

DENVER, CO – JLL Capital Markets announced it has arranged post-acquisition financing for Larimer Square, a historic mixed-use collection of 28 office and retail buildings along Larimer St. and Market St. in Downtown Denver, Colorado.

 JLL worked exclusively on behalf of the property owner to secure the financing, which will be used to help the property owner realize its vision for the project through extensive restoration and renovation of these historic buildings.

Anthony Fertitta

Originally built in the late 1800’s, Larimer Square is listed on the National Register of Historic Places and comprises approximately 247,856 square feet of creative office and retail space along a full city block. 

The portfolio also includes the 306-space Market Street parking garage.

 Situated in the heart of Denver’s historic lower downtown “LoDo” district, Larimer Square has been a catalyst of vibrant urban activation for more than 150-years.

The portfolio of buildings benefits from its core compilation of retail and restaurant tenants along with creative office space above.

Larimer Square has helped spur further historic preservation of existing brick and timber buildings as well as the development of new mixed-use projects throughout the LoDo area.

Kristian Lichtenfels

An attraction in its own right, Larimer Square is also proximate to the Cherry Creek bike path, University of Colorado Denver campus, Ball Arena and Coors Field.

 The JLL Capital Markets team was led by Senior Managing Director Anthony Fertitta and Senior Director Kristian Lichtenfels.

 JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. 

The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales advisory, debt placement, equity placement, or a recapitalization. 

The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

 For more news, videos and research resources on JLL, please visit our newsroom.

 CONTACT:

 Kristen Murphy

Senior Manager

 Public Relations

 Investor Services

JLL

One Post Office Square, Suite 3500

Boston, MA 02109

T +1 617 848 1572

M +1 617 543 4873

Kristen.Murphy@am.jll.com

 jll.com

  

NCLA Seeks En Banc Review in 11th Circuit as CDC Eviction Moratorium Extended to Early October

President Joe Biden 

 Washington, DC, Aug. 13, 2021 – Rick Brown, Sonya Jones, and Richard Krausz are among the thousands of mom-and-pop housing providers whose tenants owe them thousands or tens of thousands of dollars in back rent due to the eviction moratorium issued by the Centers for Disease Control and Prevention (CDC).

 That moratorium forbids property owners from retaking possession of their properties away from delinquent tenants, even if owners comply with state landlord-tenant laws.

 

Today, the New Civil Liberties Alliance filed a petition with the U.S. Court of Appeals for the Eleventh Circuit to rehear en banc the Brown, et al. v. CDC, et al. case.

Justice Clarence Thomas

NCLA argues the Eleventh Circuit panel erred in its decision to affirm the lower court’s refusal to enjoin CDC’s unlawful eviction moratorium, which exceeded the agency’s authority.

The majority did not reach the statutory authority question, instead deciding the case on the theory that NCLA’s clients did not demonstrate irreparable harm.

 

Supreme Court precedent and the Eleventh Circuit’s own precedent compel the Court to conclude that its equitable powers allow it to enjoin governmental abuses like the CDC moratorium.

 

The unlawful moratorium forces NCLA’s clients to incur substantial costs in providing free housing to tenants who refuse to pay rent.

Justice Samuel Alito

The eviction moratorium issued by CDC in March 2020 has now been extended until October 3, 2021.

 Despite the Eleventh Circuit panel’s 2-1 ruling, CDC’s ongoing and deliberate violation of the housing providers’ constitutional rights does constitute irreparable harm.

 

Petitioners have no means to seek damages from CDC and will have no redress for CDC’s now-deliberate effort to violate their constitutional property rights and rights to access state court procedures because the panel’s rule limited which constitutional rights merit injunctive relief.

 

President Biden has conceded repeatedly that CDC lacks the power to issue the eviction moratorium. On August 3, the day CDC extended its moratorium, President Biden spoke candidly about the issue, saying, “the courts made it clear that the existing moratorium was not constitutional; it wouldn’t stand.”

Justice Neil Gorsuch

The Supreme Court has also weighed in against the CDC eviction moratorium. After denying the application to vacate a stay in another lawsuit, five members of the Court espoused the view that the CDC Order was unlawful.

 

Justices Thomas, Alito, Gorsuch, and Barrett would have granted the application. Justice Kavanaugh concurred in the denial of temporary relief but explained that he agreed that the CDC “exceeded its existing statutory authority” and that any further extension would require Congressional action.

 Congress tried and failed to extend the moratorium, so CDC extended it anyway—once again without statutory authorization.

Justice Amy Coney Barrett

The Eleventh Circuit should vacate the panel opinion, grant rehearing en banc, and enjoin the moratorium.

 

NCLA released the following statement:

 

“No one, not even the President who oversees the CDC, thinks that the agency has the power to keep property owners from retaking possession of their own homes.

 

 "Yet the Eleventh Circuit passed the buck because of the limited term of the moratorium. This hesitance only emboldened the agency and the President to extend the order yet again.

 

Justice Kavanaugh

 "The rule of law must prevail, and the Court must put a stop to the agency’s abuse of power.”

 

— Caleb Kruckenberg, Litigation Counsel, NCLA

 

For more information, please visit the case page here.

 

ABOUT NCLA

 

NCLA is a nonpartisan, nonprofit civil rights group founded by prominent legal scholar Philip Hamburger to protect constitutional freedoms from violations by the Administrative State.

Caleb Kruckenberg

NCLA’s public-interest litigation and other pro bono advocacy strive to tame the unlawful power of state and federal agencies and to foster a new civil liberties movement that will help restore Americans’ fundamental rights.

 

CONTACT:

 Judy Pino

 202-869-5218

KAI Breaks Ground on New Urban League of Metropolitan Saint Louis Senior Apartments and Community Center in North St. Louis County

The $10 million, three-story building will include
44 resident units (40 one-bedroom units
and four two-bedroom units), plus
a community room on the main level
         for 12-15 people and a resident
 lounge with kitchenette
 and restrooms.

 

(Dallas, TX, Aug. 13, 2021) KAI joined the Urban League of Metropolitan Saint Louis Aug. 9 to officially break ground on the organization’s new Senior Apartments and Community Center in North St. Louis County.

 

Rita Heard Days

The 40,000-square-foot facility will be built at 9947 West Florissant in the City of Dellwood. KAI is providing Design-Build services on the project.

 

Presenters at the groundbreaking ceremony included Urban League President & CEO Michael P. McMillan, St. Louis County Executive Sam Page, St. Louis County Council Chair Rita Heard Days, City of Dellwood Mayor Reggie Jones and Missouri State Senator Brian Williams.

 

 Michael P. McMillan

The Urban League of Metropolitan Saint Louis’ mission is to empower African Americans and others throughout the region in securing economic self-reliance, social equality and civil rights. 

The organization is committed to investing in the continued redevelopment of the West Florissant Corridor through Dellwood and Ferguson. 

Michael Kennedy, Jr.

This new development will give seniors in Dellwood not only the opportunity to live in a brand new building but to also have easy access to many services and programs offered by the organization, including the popular Senior Empowerment Series.

 

Michael Gardner

The $10 million, three-story building will include 44 resident units (40 one-bedroom units and four two-bedroom units), plus a community room on the main level for 12-15 people and a resident lounge with kitchenette and restrooms. 

The main level will also include a private managers office, reception area, workroom and shared access to the community room. Construction on the building is expected to be completed in December 2022.

Reggie Jones

At a time when the shortage of affordable housing in communities around the United States regularly makes the headlines, another less-visible housing crisis is also intensifying, says KAI CEO Michael Kennedy, Jr.

 

The number of elderly people with ‘worst case housing needs’—defined as renters with low incomes who do not receive government housing assistance and pay more than one-half of their income for rent, live in severely inadequate conditions, or both—is increasing rapidly.

Nearly 10 million households with an occupant over age 65 spends more than 30 percent of their income on housing; roughly 5 million of those households spend more than 50 percent.

Brian Williams

“The growth in the population of Americans aged 65 or older is projected to reach nearly 73 million in 2030, and more than 83 million in 2050, which means that senior households increasingly will be renters,” said Kennedy.

 “Resources for housing and supporting our aging population are scarce in relation to the scope of the problem.

 

"To the Urban League and its board members and donors, the Missouri Housing Development Commission and Michael Gardner and his team at Gardner Capital, St. Louis thanks you; this community thanks you; and I thank you for partnering with KAI to bring seniors in this community this much needed project.”  

 

  CONTACT:

Jennifer Beidle

314-607-9459

jennifer@jbeidlepr.com

www.kai-db.com.