Toll Brothers, JPMorgan team up on $157M Harrison luxury tower
Home construction giant Toll Brothers and J.P. Morgan Asset Management have formed a joint venture to develop a 421-unit luxury apartment building in Harrison, according to GlobeSt. Toll Brothers broke ground on the $157 million project, known as the Carraway, after acquiring and demolishing a three-story office building on the property in August 2017. The joint venture has now secured a $102 million construction loan split between Wells Fargo, National Association and Capital One to complete the Carraway. The Real Deal reported last year that Toll Brothers was one of several national developers flocking to Westchester. [GlobeSt]
Bruce Willis and his wife list their Bedford estate for $13M
Bruce Willis and his wife Emma Heming Willis are parting ways with their 22-acre country estate. The couple put their home at 340 Croton Lake Road in Bedford on the market for $12.95 million ahead of their move to the West Coast, the Wall Street Journal first reported. The property includes a five-bedroom main home with a wine cellar, media room and three cottages. The Willises purchased the home for $12 million back in 2014, and although they’re moving west, they’re not planning to sell the four-bedroom apartment they own in Manhattan. [TRD]
Yonkers landlord arrested for violations as city cracks down on ‘deadbeat owners’
A landlord in Yonkers who racked up dozens of violations over the past eight years has been arrested, LoHud reported. Aurelio Assuncao, who owns five properties on Riverview Place and Beech Street, has received more than 70 summonses for fire and housing code-related violations, including “his properties having illegal apartments, no second means of egress and non-working or non-existent smoke and carbon monoxide alarms,” the outlet reported. Assuncao ignored bench warrants related to the violations for years, and was finally arrested on Jan. 18. In a statement, Yonkers Mayor Mike Spano said the landlord “leads the list of top property owner violators.” He added that the action taken against Assuncao “is just one example of how Yonkers is cracking down on the deadbeat owners who think they are above the law.” [LoHud]
LLC sells industrial flex building in Stamford for $4.9M
A two-story industrial flex building in Stamford has a new owner, the Fairfield County Business Journal reported. 132 Jamaica Avenue Realty Corp. bought the 33,822-square-foot building at 72 Camp Avenue in Stamford from 72 Camp Avenue LLC for $4.875 million, according to the outlet. The building is in a light industrial zone and is “substantially leased,” said Angel Commercial president Jon Angel, who represented both the buyer and the seller. “This was an investment deal that utilized the tax benefits of a 1031 Exchange,” he noted. The law firm Shipman & Goodwin also worked on the deal. [FBJ]
Connecticut ranked third on moving company’s list of ‘most moved from’ states
Connecticut was the third “most moved from” state last year, according to a study carried out by moving company United Van Lines. Sixty-two percent of moves that took place in the state last year were outbound moves, the study found. New Jersey and Illinois were the only states that outranked Connecticut on the “most moved from” list. United Vans found that most people who moved out of Connecticut were doing so for career-related reasons, while family-related considerations was another big factor, according to The Hour. “People age 65 and older constituted 29 percent of United Van Lines moves into Connecticut, with adults through age 34 the next biggest demographic at 23 percent,” the outlet reported. [The Hour]
Mount Kisco HomeGoods store on the market for $7.45M
A HomeGoods store in Mount Kisco has hit the market for $7.45 million, investment brokerage firm B+E announced in a press release. The 24,834-square-foot building at 3 East Main Street sits on about 1.24 acres of land that includes parking space, according to the firm. LoHud reported last August that HomeGoods would be opening the store in Mount Kisco. HomeGoods, owned by retail giant TJX Companies, plans to open 85 stores in 2019, noted Spencer Henderson of B+E. [Digital Journal]