Sentences with phrase «many luxury houses»

JD's stake in Farfetch will let the Chinese e-commerce platform bank on the established reputations and existing distribution relationships that Farfetch has with luxury houses and Chinese consumers who are hesitant about transacting on the proliferation of fake goods on local Chinese marketplaces like Tmall and JD.com.

«In accordance with Kering's strategy to fully dedicate itself to the development of its luxury houses, Volcom no longer constitutes a core asset and Kering has initiated a disposal process,» the group said in a statement.

Tax returns could reveal whether Trump has gotten a whopper of a tax break by promising not to build luxury houses that he never seemed interested in building to begin with.

«Based on preliminary data, it appears that accepted - offer activity in May for luxury houses was very strong, possibly even exceeding levels of Spring 2015, suggesting that buyers took advantage of the greater selection of listings to jump in.

Following years of increasing employment and wealth driving up rent and property prices in San Francisco and surrounding cities, demand for luxury housing appears to be on the decline and housing and condo price appreciation have «basically plateaued,» according to Paragon Real Estate Group.

And there has been no suggestion of racial bias toward prospective residents in the luxury housing that Mr. Trump focused on as his career took off in Manhattan in the 1980s.

Performance aside, the intangible brand merits that Swiss banks typically sell their clients on — stability, robustness, history, exclusivity, impeccable service — are much the same as many luxury houses, says Jon Cox, Kepler Chevreux's head of European consumer equities.

Another example of cheap and easy credit (unorthodox lending) creating rentier over-speculation in the luxury housing market for which demand is unsustainable.

More of those that are selling are choosing the luxury condominium market in downtown Toronto, following a trend of baby - boomers and empty nesters opting to downsize from luxury houses to luxury condominiums in prime neighbourhoods such as Yorkville and the Annex, Alexander said.

If someone said: «God has ordered me to collect 1000 $ from every person in Texas and use it on churchmatters (including a luxury house and other good stuff for myself).»

Other highlights from the debate included Rangel calling for a «moratorium» on luxury housing, saying anything new built in the area needed to be 100 percent affordable housing.

After the deed change, Allure sold Rivington House to a luxury housing developer, a move that de Blasio and 1199 didn't seem to anticipate.

Stringer, who grew up along Bogardus Place and Nagle Avenue, said speculators would love to build luxury housing in the area.

The agency issued a scathing report last week on a city maneuver that allowed a Lower East Side nursing home to be sold for luxury housing.

«I'm deeply disappointed that this plan that we believe fundamentally was better for the taxpayers — ended the subsidies of large amounts of luxury housing by the taxpayers, achieved more affordable housing, cut the city's subsidies, just look at the benefits of this plan,» Mr. de Blasio said today at a Brooklyn press conference.

«Then it just took on a life of its own, where you had all this luxury housing in Bushwick, Greenpoint.

The 421 - a exemption is going to be revisited next year, I will look at it to modify it, and to eliminate luxury housing,» he said.

Commisso said that as mayor he would review financial incentives given to luxury housing developers and restructure the city's now - quasi-public economic development agencies, making them more accountable to the mayor and Common Council.

Sen. Brad Hoylman disagreed, saying that the tax break is likely going to lead to more luxury housing.

Activists have been calling to an end of the tax break recently, which they say only aids developers to build more luxury housing.

Critics today, including members of the de Blasio administration and some developers, say that the current program often stimulates luxury housing more than affordable units.

The ad faults Quinn for approving zoning changes that allowed luxury housing to replace the hospital.

Pat Purcell, a member of UP4NYC and the executive director of the Great NY Laborers - Employers Cooperation & Education Trust with the Laborers, said Mr. de Blasio's plan «will not provide middle class wages to the workers employed on what will remain mostly taxpayer subsidized luxury housing, and it will not significantly increase affordable housing production for New Yorkers who need it most.»

You have developers of luxury housing that have been coming in for a number of years and they will not be paying taxes for decades and that's taxes not paid to the school districts of Albany County or our library branches.»

«Today marks the day that we are coming out of twenty years of darkness,» said Bertha Lewis, who condemned the Bloomberg administration, charging that it allowed developers to build luxury housing that low and moderate income New Yorkers can not afford.

Another part of the wide - ranging probe included how a deed restriction was lifted at a Lower East Side nursing home now being turned into luxury housing.

«We haven't ended the housing crisis for New York's working families by giving away $ 1.2 billion in corporate welfare to subsidize luxury housing developments,» Javier Valdez, the co-executive director of Make the Road New York, told me.

A plan to turn the city of Rochester's abandoned subway into a public promenade and luxury housing moved forward on Thursday with a vote by the city Council.

One suggestion has long been to sell off the Marine Drive Apartments, turning the site into luxury housing.

The mayor said he sympathizes with residents» concerns about gentrification, development and displacement but echoed his longstanding argument that there are two options: either «do nothing» and watch rents increase and people get displaced or «do something» and at least create new affordable units when developers build luxury housing.

Another is looking at how city officials agreed to lift a deed restriction on a former nursing home for AIDS patients that is slated to be turned into luxury housing.

The group, Movement for Justice in El Barrio, is countering the de Blasio rezoning proposal that they call a «luxury housing plan» with a 10 - point agenda of its own designed to preserve current housing stock and protect the community from gentrification.

NEW YORK CITY — For the second time this year, Glenwood Management, one of the largest developers of luxury housing in Manhattan, is at the center of a corruption scandal that will once again shake city and state politics.

The program provides tax breaks for developers, some of whom like Glenwood, build luxury housing.

Striving to increase the visibility of the Green Party in Brooklyn, Gloria ran for borough president in 2005 on an anti-eminent-domain platform, focusing on the mega-development of a professional basketball arena and high - rise luxury housing in the Atlantic Yards.

NYC will invest back into the community the $ 16 million it netted from a controversial land deal that paved the way for the closing of a Lower East Side nursing home in favor of luxury housing, officials announced Friday.

But then came the news that some of the survivors would be housed inside a luxury housing development.

Albanese said that selling off libraries to build luxury housing is a «pattern of the de Blasio administration.»

«We have taken hundreds of thousands of affordable units off the rent rolls and made them into luxury housing,» said Silver.

Commisso said the administration must look at its own policies that exacerbate the issue, like the trash fee targeting renters, providing tax incentives for luxury housing and eliminating recreation programs for youth.

The former governor was «on call» for Allure Group managing partner Joel Landau during talks for the takeover of a second nursing home, a Brooklyn facility that is also being converted into luxury housing, a source close to those negotiations told The Post.

The billionaires who control New York City real estate want to revive expensive taxpayer subsidies for the construction of luxury housing in the hottest real estate market in the world — and they don't want requirements for affordable housing.

Earlier this year, the group sold the property at 45 Rivington Street to luxury housing developers for $ 116 million.

Earlier this year, The Allure Group sold the building to a trio of luxury housing developers for $ 116 million — even though administration officials had been looking to turn it into affordable housing.

It favors the creation of luxury housing that we don't consider affordable.»

«In East New York, market - rate housing might as well be luxury housing,» said Michelle Neugebauer, executive director of the Cypress Hills Local Development Corporation and a coalition member.

City officials missed multiple opportunities to protect a Lower East Side nursing home from being developed into luxury housing — including weeks before the property was sold, a new report found.

In response to de Blasio's plan, Brewer called for an inclusion of even more affordable housing, a reduction of luxury housing included in deals with developers, increased vigilance by HPD to make sure existing affordable housing units are not lost, that there are tenant education clinics (with no income restrictions) in areas where upzoning is proposed.

The Lower East Side lost a protected health center after city officials lifted protections at the site at the urging of a labor union close to the mayor — a move that produced a windfall for the buyer, who flipped the property to a luxury housing developer.

It was the latest briefing on NYCHA's controversial plan to build luxury housing on 15 parcels throughout Manhattan in order to narrow a huge budget deficit.