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Modular Homes Coming to NYC in 2020 Under Assoumou & Brownstone NYC

NEW YORK (STL.News) – Schelton Assoumou and Brownstone NYC to build modular homes in New York City in 2020.

Schelton Assoumou, the managing director of Brownstone NYC (“Brownstone”) is working on several Modular Projects in the Greater New York City Area (Brooklyn, Queens, Bronx, Westchester, etc.).

Brownstone is in the process of selecting one partner who specializes in building Modular Homes. Schelton and his team visited several modular home factories in Pennsylvania in December 2019. They were strengthened in the idea that modular homes construction are the wave of the future of the new construction industry in New York City; especially since the major historical barriers to entry in this valuable market are being resolved. Therefore, the cost savings of this prevalent building technology most United States markets will now be a viable option for construction in New York City.

In addition to specific New York City building codes constraints now being lifted, another issue to modular homes in New York City is the logistical challenge. Indeed, the homes are currently built in out of state factories and must to be transported to the site and installed with the crane, roads and overpasses make this little more difficult for New York city. In spite of all these challenges, Brownstone has concluded that Modular Home is a viable alternative to traditional Frame and Brick Houses. Brownstone projects up to five pilot projects completed before the end of 2020.

Modular Home

Modular buildings and modular homes are prefabricated buildings or houses that consist of repeated sections called modules. “Modular” is a construction method that involves constructing sections away from the building site, then delivering them to the intended site. Installation of the prefabricated sections is completed on site and it takes 3 to 4 days to assemble it on the site. Prefabricated sections are sometimes placed using a crane. The modules can be placed side-by-side, end-to-end, or stacked, allowing a variety of configurations and styles. After placement the modules are joined together using inter-module connections, also known as inter-connections. The inter-connections tie the individual modules together to form the overall building structure.

There are three main benefits to going modular over traditional in real estate:

1. Speed: The building process for the main shell module can be completed in a factory in just five to eight days, with the builder assembling and doing finishing work at the building site.
2. Cost: Modular home construction may cost less than a traditional home, because the new homes can be manufactured faster and requires less man-power.
3. Quality: A manufactured home may actually be of superior quality to a site-built home, primarily because the materials are built in a climate-controlled environment, not exposed to the elements, from cold to precipitation to humidity.

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Great Towers and Landmarks Worldwide Unite in Global Show of Support for Australia on Jan. 26

TORONTO (STL.News) – The CN Tower, fellow members of the World Federation of Great Towers, and landmarks around the world are uniting to raise awareness and show support for Australia as the country works to fight and recover from devastating wildfires.

On the night of Australia’s national holiday, January 26, the CN Tower will be among many landmarks to light in the country’s national colours of green and gold. Still others plan to join in the effort through social media and online. To date, towers and landmarks that have confirmed their participation include:

The Berlin TV Tower, Berlin, Germany
Busan Tower, Jung Gu, Busan, South Korea
The Calgary Tower, Calgary, Canada
The CN Tower, Toronto, Canada
The Eiffel Tower, Paris, France
The Empire State Building, New York, USA
Euromast, Rotterdam, Netherlands
La Grande Roue, Montréal, Canada
N Seoul Tower, Seoul, South Korea
Niagara Falls, Niagara Falls, Canada/USA
One Liberty, Philadelphia, USA
Pavillon Bonsecours, Montréal, Canada
The Reunion Tower, Dallas, USA
The Royal Liver Building, Liverpool, UK
The Shard, London, UK
SkyTower, Auckland, New Zealand
The Tokyo Tower, Tokyo, Japan
Toronto sign, Toronto, Canada
The Willis Tower, Chicago, USA
“Australia is facing some of the worst wildfires ever seen. The scale of the ongoing crisis and its impact on the environment, people and wildlife concerns all of us around the world,” says Peter George, the CN Tower’s Chief Operating Officer. “Under the circumstances, we felt a global show of support would be meaningful to many. Not only would it convey a powerful message of support to all Australians, especially those on the front lines, but it can hopefully inspire the world to take action.”

For anyone looking to take action, donations may be made to several organizations, including the Australian Red Cross (www.redcross.org.au/campaigns/disaster-relief-and-recovery-donate), the NSW Rural Fire Service (https://www.rfs.nsw.gov.au/volunteer/support-your-local-brigade), and WIRES Wildlife Rescue (https://www.wires.org.au/donate/emergency-fund).

About the CN Tower

At a height of 553.33 metres (1,815 ft., 5 inches), Canada’s National Tower is an engineering wonder, award-winning dining and entertainment destination, and has been Toronto’s “must-see” attraction for over four decades. The CN Tower was visited by more than 1.98 million people last year. For more information www.cntower.ca

About Canada Lands Company

Canada Lands Company is a self-financing federal Crown corporation that specializes in real estate development and attractions management. Since 1995, Canada Lands has enriched Canadian communities and experiences by embracing the full potential of the properties it owns and operates. Canada Lands is a leader in attractions management with its operations of the CN Tower and Downsview Park in Toronto, the Old Port of Montréal and the Montréal Science Centre. Canada Lands Company strives to enhance economic, social and environmental value for Canadians. It has delivered more than $1 billion in economic benefits to Canada since inception.
For more information www.clc.ca

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Iconic Four Seasons Restaurant Brand is For Sale

NEW YORK (STL.News) – Hilco Streambank, a leading intellectual property advisory firm specializing in the valuation and sale of intangible assets, is marketing for sale the Four Seasons restaurant brand and related intellectual property. Offers are due on February 25, 2020, although the seller will entertain offers received prior to that date.

The assets available for sale include the Four Seasons restaurant trademark, the Spa Cuisine trademark for prepared foods, and related intellectual property and social media assets.

Originally opened in 1959 as America’s first seasonal fine-dining restaurant, the Four Seasons restaurant paved the way for an era of elegant dining. The brand was pronounced “One of the Ten Restaurants that Changed America” in a book written by Yale historian Paul Freedman.

“Rarely does a restaurant brand evoking such sophistication and elegance as the Four Seasons restaurant come to market,” stated Hilco Streambank CEO, Gabe Fried. “Those who know New York City know the rich heritage of the Four Seasons restaurant brand and its impact on the culinary landscape in New York City and beyond. There are endless opportunities for a buyer to build upon the success of this iconic restaurant brand, including reopening restaurants in New York and in major markets throughout the United States.”

Parties interested in acquiring the Four Seasons restaurant intellectual property assets or learning more about the sale process should contact Hilco Streambank directly using the contact information provided below.

Jack Hazan

Executive Vice President

jhazan@hilcoglobal.com

212.610.5663

Richelle Kalnit

Senior Vice President

rkalnit@hilcoglobal.com

212.993.7214

Ben Kaplan

Associate

bkaplan@hilcoglobal.com

646.651.1978

About Hilco Streambank:

Hilco Streambank is a market leading advisory firm specializing in intellectual property disposition and valuation. Having completed numerous transactions including sales in publicly reported Chapter 11 bankruptcy cases, private transactions, and online sales through IPv4.Global, Hilco Streambank has established itself as the premier intermediary in the consumer brand, internet and telecom communities. Hilco Streambank is part of Northbrook, Illinois based Hilco Global, the world’s leading authority on maximizing the value of business assets by delivering valuation, monetization and advisory solutions to an international marketplace. Hilco Global operates more than twenty specialized business units offering services that include asset valuation and appraisal, retail and industrial inventory acquisition and disposition, real estate and strategic capital equity investments.

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NAR Commends White House Efforts to Spur Housing Construction, Protect Water Quality

WASHINGTON (STL.News) – NAR President Vince Malta issued the following statement after the Trump administration on Thursday unveiled its replacement of the Obama-era regulation known as “Waters of the U.S.” At an event in Las Vegas, Environmental Protection Agency Administrator Andrew Wheeler and Assistant Secretary of the Army for Civil Works R.D. James said the new EPA rule will allow states to more efficiently manage local waterways while maintaining current environmental protections.

“As communities struggle with low inventory and a lack of affordable housing options, NAR has pushed for regulatory changes that will expedite permitting and spur construction throughout the U.S.,” said Malta, broker at Malta & Co., Inc., in San Francisco. “Realtors® commend the administration for striking an appropriate balance between prudent environmental protections and regulatory clarity, a move that does not reduce environmental protections of any waters but provides certainty to developers as the nation works to address our insufficient supply of housing.”

The National Association of Realtors® is America’s largest trade association, representing more than 1.4 million members involved in all aspects of the residential and commercial real estate industries.

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Lodging and Resort REIT RevPAR Likely to be Stagnant in 2020

After underperforming in 2019, the lodging and resort REIT sector is on a similar track in the first few weeks of 2020, according to Evercore ISI managing director Rich Hightower.

In the latest edition of the Nareit REIT Report podcast, Hightower said he expects no more than a 1-2% increase in room night demand in 2020. Supply, meanwhile, is increasing at a 2-2 ½% range, and more so in some of the urban markets.

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