The CEO of DDG Partners, Joe McMillan, at 41 Bond Street, which is under construction.

From the January issue: A development team on Bond Street is placing a $34 million bet on the market.
The savvy new investment partnership is making the risky gamble
that by the time they are ready to sell, the condo units they are
building at 41 Bond Street will fetch at least around what comparable
apartments did at the top of the market in 2007. In one of the few high-profile land acquisitions of the downturn,
in September, DDG Partners bought the vacant land on which the firm is
now erecting a nine-story condo, for just over $9 million. The firm is
planning to spend approximately $25 million more on construction,
according to Joe McMillan, the CEO of DDG.
The project will add to the string of boutique buildings already
lining the street, including its most high-profile condo, 40 Bond
Street by Ian Schrager, along with the Deborah Berke-designed 48 Bond
and the stone-and-glass 25 Bond. more

[more]

From left: 20-acre Ohrbach Lake at Camp Pouch (Photo credit: Emily Schnure) and a rough outline of the property

The New York office of the Boy Scouts of America wants commercial services firm Jones Lang LaSalle to help negotiate the sale of the development rights — or the entire 120-acre property — composed of mostly undeveloped land in the tree-filled Greenbelt of Staten Island, a spokesperson for the non-profit organization told The Real Deal.

The Greater New York Councils, Boys Scouts of America, picked JLL to represent it in negotiations, but the brokerage has not yet signed a contract with the non-profit, he said.

The Boy Scouts is considering selling the development rights to William H. Pouch Camp — either a portion of the site or the whole parcel — as a way to raise much needed funds for the financially strapped organization, Boy Scouts spokesperson William Kelly said. If the property is put on the market, it will likely be the largest
listing in New York City today in terms of square feet, brokers said. The Boy Scouts began conversations with the national conservation-focused non-profit Trust for Public Land about two weeks ago to arrange some kind of sale of the Pouch Camp land, Kelly said.  More

[more]