Closings underway at Queens’ tallest building

first_img Email Address* condoslong island cityResidential Real Estate Eric Benaim, CEO of Modern Spaces, said the incentives the brokerage offered to buyers and their agents changed every month to compensate for the tough market. Those incentives ranged from $5,000 gift cards for agents who brought in buyers, to having closing costs covered by the developer, Chris Jiashu Xu.Xu developed the tower alongside Risland US Holdings and FSA Capital, and financed the project with a $502 million construction loan from a consortium of lenders led by JPMorgan Chase.Prices for units in the building range from $600,000 to just over $3 million. Nest Seekers International’s new development arm is also marketing units in the building, according to the project’s website.Contact Erin Hudson Message* Tags Chris Jiashu Xu and Long Island City’s Skyline Tower. (Skyline Tower)The tallest building in Queens, Skyline Tower, is on its way to potentially breaking a record.About 41 percent of the 801 units in the Long Island City condominium are in contract, according to Modern Spaces, which has been handling marketing and sales at the building since 2018. The first set of closings began last month.The 67-story tower is aiming for a sellout of $1.09 billion, according to filings with the Attorney General’s office. It’s the first condo in the borough to try for a billion-dollar sellout.Selling units at the building is a tall order in and of itself, considering the glut of unsold condos in Long Island City. Last summer, nearly 60 percent of units built since 2018 were reportedly languishing on the market.ADVERTISEMENTRead morecenter_img Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Chris Xu’s record-breaking LIC condo tower aims for $1B sellout“You’ve either made the wrong shoes, or you’ve made too many”: LIC faces a serious condo glutA luxury development in LIC is to blame for viral subway flooding video: MTA Share via Shortlink Full Name*last_img read more

Faull leaves financial services department over UK referendum

first_imgOver the next 15 years, he held a number of senior roles within DG Competition, eventually becoming deputy director-general responsible for state aid cases in 1999.He was Commission spokesman for four years during the presidency of Romano Prodi but then was promoted to director-general of DG Justice.In 2010, he was named the most senior civil servant at the directorate-general for internal market, headed by commissioner Michel Barnier, and retained his position when it was reshaped into DG FISMA under current president Jean-Claude Juncker.Guersent has worked for the French government and competition authority before joining the Commission in 1992, working within a number of commissioners’ private offices and directorates-general.He has been Faull’s deputy since the summer of 2014.The UK Conservative government won the election in May promising to offer an in/out referendum on EU membership by 2017. Jonathan Faull, the most senior European Commission civil servant in charge of financial regulation, is to leave the Directorate-General for Financial Stability, Financial Services and Capital Markets Union (DG FISMA) at the beginning of September.Part of a wide-ranging reshuffle of directors-general within the Commission, Faull is to head up a new directorate overseeing issues relating to the UK’s referendum on its European Union membership.Olivier Guersent, currently Faull’s deputy at DG FISMA, is to succeed him when the changes take effect from 1 September.Faull has worked for various European institutions for decades, starting within the department responsible for competition in 1984.last_img read more

GSA baseball team edges Ellsworth 3-2

first_imgBLUE HILL — In Ellsworth and George Stevens Academy’s first baseball matchup this season, GSA rolled to a 10-0 win in just five innings.The two Eagles’ squads faced off again Thursday. While the outcome would remain the same, Ellsworth (4-9) stayed on the heels of GSA (13-1). But GSA scored a run in each of the first three innings and held on to edge Ellsworth 3-2.Taylor Schildroth singled twice and had an RBI to pace GSA’s offense.For Ellsworth, Nick Bagley had a double while Brad Smith singled and drove in a run.This is placeholder textThis is placeholder textJohn Bapst 4, Ellsworth 3Austin Baron, Brad Smith and Sam Horne each had two hits for Ellsworth in its loss to John Bapst (5-8) on Tuesday.MDI 3, Bucksport 0Seth Young knocked in two runs with a double in the fourth inning to help Mount Desert Island (6-8) seal the win over Bucksport (5-8) on Tuesday.Matt Perconti pitched six solid innings and scattered seven hits for the shutout.Tanner Stegner and Noah Lenor led Bucksport with two hits apiece.GSA 9, Sumner 6GSA beat Sumner (4-8) on Tuesday.Sumner 14, Narraguagus 4Sumner rolled past Narraguagus (3-9) on Monday.MDI 8, Caribou 1Seth Clark scattered five hits to record a complete-game victory for MDI in the second game of Saturday’s doubleheader against Caribou (5-8).Jacob Mitchell and Kyle Lamson each notched two singles for MDI.Caribou 3, MDI 2Riley Swanson singled twice to lead MDI en route to Saturday’s loss to Caribou in the second game of a doubleheader.Greenville 24, DI-S 4Greenville (9-3) rolled past Deer Isle-Stonington (3-8) in the second game of Saturday’s doubleheader.Greenville 11, DI-S 7Greenville beat DI-S in the first game of Saturday’s doubleheader.GSA 4, Dexter 1GSA beat Dexter (6-7) on Saturday.Searsport 6, Bucksport 3Andy Allan paced Bucksport with a single and a run in its loss to Searsport (11-2) on Friday.Ellsworth 7, WA 4Ellsworth beat Washington Academy (7-5) on Friday.Old Town 3, MDI 1Aiden Fournier had a double to drive in the lone run for MDI in its loss to Old Town (11-1) on Thursday.Bangor Christian 10, DI-S 4Bangor Christian (8-5) beat DI-S on Wednesday.Orono 11, Bucksport 1Chase Carmichael had a triple, single and RBI for Bucksport in its loss to Orono (7-6) on Wednesday.last_img read more

ICC World Cup For God’s sake, say something positive: Azhar Mahmood reveals why he wanted to consume poison

first_img For all the Latest Sports News News, ICC World Cup News, Download News Nation Android and iOS Mobile Apps. highlights Australia are the only team to have sealed their spot in the semis of 2019 World Cup.Pakistan need to win their remaining games to be in contention for the semis.Pakistan has defeated both South Africa and England in 2019 World Cup.center_img New Delhi: Pakistan has had an inconsistent run in the ICC Cricket World Cup 2019. After losing to West Indies, they defeated England and their game against Sri Lanka was a no-result due to rain. They lost by big margins to Australia and India before bouncing back with a win against South Africa in Lord’s. Following the defeat to India, the team came for massive criticism from fans, with Pakistan coach Mickey Arthur revealing that he wanted to ‘commit suicide’. Now, Pakistan’s bowling coach Azhar Mahmood has lashed out at the Pakistani media for spreading negativity and urged them to be positive.Speaking after the end of the match against South Africa, Mahmood spoke about how the media did not appreciate Haris Sohail’s knock of 89 during the Lord’s clash and reiterated that there should be some positivity when a team does well. Responding to a question from a Pakistani journalist, “For God’s sake, say something positive. This is why a person feels like committing suicide by consuming poison. If a person says something positive, there is at least something that we can look forward to. In our country, people feel that if the match is lost then lives have ended,” Mahmood said.For Pakistan, their path to the semi-final is simple. They must win their remaining games. If they lose to New Zealand today, they will still not be eliminated. If they win two out of their three games, then they will have to hope England lose their remaining games and that Sri Lanka does not win more than one game. They will be hoping Bangladesh lose both their games. There is a possibility that if Pakistan wins all their games and that Australia, New Zealand lose one and India win all their games, there could be an India vs Pakistan semi-final.Currently, only Australia has sealed their spot in the semi-final after they defeated England by 64 runs at Lord’s thanks to Aaron Finch’s century and a superb haul of 5/44 by Jason Behrendorff and Mitchell Starc’s 4/37. If New Zealand beat Pakistan in Edgbaston, then they secure a place in the last four.last_img read more