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The Port Chester Blog Of Record

The Port Chester Blog Of Record - Brain Harrod Editor / Publisher
Showing posts with label Starwood Capital Group. Show all posts
Showing posts with label Starwood Capital Group. Show all posts

Saturday, January 19, 2013

01/19/13 Important Issues Being Discussed At "Making Port Chester A Better Place"


Attention PC residents by the end of this month people will be officially throwing their hat in the ring to run for Mayor and Trustee positions. You want to make PC a better place take the time out to meet them, ask questions and voice your opinion what they need to do to make PC a better place then on March 19 VOTE !
this is a very unique opportunity for us since the entire board is up dont just vote for the anyone take some time out to listen to their platform and hear them!!!
Like ·  ·  · Thursday at 8:49am
  • Keith Morlino and 2 others like this.
  • Bart Didden Thanks Linda Turturino for helping to raise the awareness of the upcoming election. I have already had three one-on-one appointments from local residents on this list and have met them at their homes or local establishments to discuss their concerns and ideas for our Village. I would be happy to meet with any resident from this list to talk about their concerns as well. Please FB message me and let's get together. It is your responsibility to vote and become informed about the candidates. I have been honored to work for all of you during the last 2 1/2 years and very much would like to continue for another term. Please consider me with your vote starting on March 12 for early voting and on Election Day March 19th.
  • Linda Turturino yes important for everyone to do what they can to make PC better we have to help ourselves and not rely on anyone or let someone else do it
  • Brian Harrod Linda Turturino has made a good point.

    One thing I like about the Facebook group founded by Keith Morlino,("Making Port Chester A Better Place") is that village residents are trying to be non-partisan and doing what is best for taxpayers.

    This Facebook group has the potential to bring out the best in Port Chester and inspire bipartisan action, not just loyalty to a particular party. 

    Far too long Port Chester has suffered, because greedy self centered takers have been elected to positions of power in this village. 

    It is time to put the good of Port Chester first. 

    There are many issues coming up in Port Chester, like should hundreds and hundreds and hundreds and hundreds and hundreds and hundreds and hundreds of rental units to be built on the old United Hospital site.

    This issue should pass or fail solely on if it is good or bad for the Village homeowners of Port Chester and it's schools.

    Not on who may or may not benefit from the largess of Barry Sternlicht, Starwood Capital, Mill Creek Residential Trust or possibly Tri Pointe Homes.

    Port Chester Mayor Dennis Pilla has said....

    “Overall this is the single most important land use decision the Village of Port Chester will make possible the next 100 years, They are talking about adding hundreds of units, if they are units that are going to bring kids into the schools then frankly that’s a non-starter." 

    The Mayor has also said....

    "The financials were underwhelming to me personally. There is a balancing act that we need to be mindful of here. If one of the kids needs special education it’s going to cost another $100,00."

    All of the Port Chester Board of Trustees need to recognize that there are differing views on what the preferred development plan should be for this site. 

    However, we all agree that revitalizing this vacant and underutilized property and returning it to a productive use is vital for the future of the Village of Port Chester.

    Finally, it seems that Port Chester is waking up and seeking out givers who will put the village first and truly make Port Chester A Better Place. 

    But make no mistake......

    No matter what happens in Port Chester Starwood Capital Group And Tri Pointe Homes CEO Barry Sternlicht, is going to to laughing all the way to the bank once Tri-Point Homes IPO comes through.

    Land pipeline.....

    One of Tri Pointe's advantages is having a pipeline of land from Starwood, which has been acquiring lots since 2007, when prices were falling as demand for new homes collapsed. Selling Starwood land to Tri Pointe is a way for Sternlicht to be involved with both sides of the transaction, said Richard Gollis, principal at Newport Beach, California-based Concord Group, a real estate advisory firm.

    "Having a public builder provides an additional opportunity to monetize their land inventory," Gollis said in a telephone interview.

    "We made a big investment in residential land in '08 and '09 and we didn't lever that at all," Sternlicht said in a Nov. 30 interview with Bloomberg Radio. "We're just waiting for the markets to recover, which they are."

    Starwood controlled more than 21,100 residential lots throughout the U.S. as of Sept. 30.

    Personally, it appears that the honest hardworking homeowners of Port Chester are victims of a "bait and switch" and that Barry Sternlicht and Starwood Capital intended to build hundreds of residential units all along.

    Unfortunately, village taxpayers may be left to clean up the mess, because some Port Chester Officials were wined, dined and pocket lined. 

    As Linda said above, go out and meet the candidates, and voice your opinion what they need to do to make Port Chester a better place.

    I would only add that you should ask each candidate in what their position is on allowing hundreds and hundreds and hundreds and hundreds and hundreds and hundreds and hundreds of rental units to be built on the old United Hospital site.

    Read more: here....

    http://www.stamfordadvocate.com/news/article/Sternlicht-cashing-in-on-housing-rebound-with-4206958.php#ixzz2IPgAq88I


    www.stamfordadvocate.com
    Barry Sternlicht, who built his career buying distressed real estate in the earl...See More


http://portchester.patch.com/articles/rye-town-officials-address-community-concern-over-parks
portchester.patch.com
The public raised some questions and got some answers from Rye Town Board officials.
Like ·  ·  · 25 minutes ago near Port Chester
  • Brian Harrod Over A Week Ago I Posted A Video At Making Port Chester A Better Place But It And The Comments About It Somehow Disappeared From The Group, So I Will Re-Post It Hear....

    The Post and video that vanished from the group said....

    Port Chester Residents Are Worried That Rye Town Supervisor Joe Carvin's Cost Saving Parks Plan Will Not Work In The Long Run. 

    Following the termination of the Rye Town parks foreman and his two employees last month. Port Chester residents have raised questions regarding the maintenance and care of the two parks the town oversees.

    Rye Town and Crawford Parks are coveted outdoor spaces for Port Chester residents, and those who frequent their pathways, lawns and sand, have raised some questions.

    Who will change the light bulbs, empty to trash, open the gate to the beach and make sure things are running safe and smoothly?

    However, following the firing of the three town parks employees (and four other Town employees) on Dec. 7, local Port Chester residents have started to speak out about disrepair at Rye Town and Crawford Parks.

    One area resident Deidra Curran released a Youtube of showing broken lights and signs, lights on in the locked bathrooms, and locked beach gate.On January 6, 

    Rye city councilwoman Catherine Parker sent an email to Rye Town Parks Commission Chairman Joe Carvin expressing concern that safety is at risk.“You would do well to follow the example of former NYC Mayor, Rudy Guiliani, who understood that this kind of neglect becomes the tipping point for vandals to start to think no one cares about the property, and to then do further harm,” Rye city councilwoman Parker wrote.

    Rye Town Supervisor Joe Carvin basically has just passed the buck and said that that his secretary, Bishop Nowotnik is the head of facilities management now, and he needs to do more with less. 

    The supervisor has also expressed that the town expects the volunteers at the Friends of Crawford Park and Rye Town Park community organizations to do more to help out.

    Laura Klein, the President of Friends of Crawford Park has said that she is concerned about the future of the park.

    The problem is that year over year the Joe Carvin has cut services to our parks.

    Greenway Property Services (GPS) now has a contract through March, 2013 to provide one worker who works half time Monday through Friday to empty trash at the parks and one handyman on Fridays to tend to general maintenance issues.

    Just about everyone, but Joe Carvin understands that this is not enough manpower to properly maintain our parks.

    GPS will report larger issues to Bishop Nowotnik, so that they can be bid out at an additional cost to the town Of Rye.The total cost for the two part-time GPS guys is about $1200 a week.

    Rye Town Park Neglect January 5 2013.wmv

    http://www.youtube.com/watch?v=es-KR0QA0cA&feature=youtu.be

    One of the comments to the Facebook Post quoted Mayor Dennis Pillawho said....

    “I don’t know that they thought it all through. It’s one thing to have somebody mow the lawn. It’s another thing not to have anybody accountable for the grounds.” 

    http://portchesterroundup.blogspot.com/2013/01/011913-important-issues-being-discussed.html
    www.youtube.com
    A video taken of just *some* of the disrepair evident at Rye Town Park in Rye, N...See More

You Can Find Making Port Chester A Better Place Here


http://www.facebook.com/groups/citzensforabetterportchester/

Wednesday, October 10, 2007

10/10/07 - Are More Condos A Good Bet For Port Chester. Starwood Has $3 billion Of Outstanding Debt In A Declining Real Estate Market (Ratted BBB)


Fitch Ratings Assigns 'BBB-' to Starwood's $400MM Sr Notes Issue

(Business Wire via Yahoo! Finance)

NEW YORK----Fitch Ratings has assigned a 'BBB-' rating to Starwood Hotels & Resorts Worldwide Inc.'s 6.25% $400 million senior notes due 2013. The Rating Outlook is Stable. The notes rank equally with Starwood's other unsecured and unsubordinated debt.


Read More...

Source: Yahoo! News Search Results for hotels of new york

Comment:

What does a BBB rating mean?

BBB (Rating Definitions) - ...The capacity for timely payment of financial commitments is considered adequate, but adverse changes in circumstances and in economic conditions are more likely to impair this capacity. This is the lowest investment-grade category.

Bruno Gioffre is once again bringing Port Chester a bad condo project.

First was the Castle, which is now wants to change to rental apartments and is looking for a PILOT (Payment In Lieu Of Taxes) Deal. Plus Bruno wants to add apartments and increase the density of the project.

Then there was the Mariner which wants an extention.

Now here are more Condos at the United Hospital Site.

Bruno Gioffre is going to make a lot of money bringing all of these Massive Multi - Family Apartment Buildings to Port Chester and you are going to get the massive school tax bill.

Monday, October 8, 2007

10/08/07 - Hotel-condo project eyed for United Hospital site in Port Chester





Massive Multifamily Buildings Bring Density To An Already Over Burdened School System.


“People - partly empty nesters, partly young professionals - like the carefree lifestyle of living in a luxury condo with all of the amenities of a full-service, high-end hotel within walking distance of their home.”

First came The Plaza in New York City, then the Ritz-Carlton in White Plains. Now, Port Chester may be poised for its own hotel-condominium complex on the vacant New York United Hospital Medical Center property ... blah ...blah .... blah ....

Not So Full Story Or Should We Say Full OF It Story: The Journal News

COMMENT:

You won’t read this in the hopelessly biased We$tmore $nooze…..

The hopelessly biased We$tmore $nooze did not give you all the facts about Brookchester, Wellington Green, The Castle or The Mariner.

Way To Go Aldo….Massive Multi - family Condo Building To Bring More Density To An Already Over Burdened Port Chester School System.

Aldo “The Patronage Boy” Vitagliano is involved with bringing a Hotel And Massive Multi-Family Condo Building Complex on the vacant New York United Hospital Medical Center property on Boston Post Road.



Thank you, ALDO "THE PATRONAGE BOY" VITAGLIANO.


Just what Port Chester needs is another massive multi-family condo building to raise school taxes even more.
This year's 13 1/2% increase in school taxes is killing Port Chester Homeowners.
Brook chester, Wellington Green, The Castle, The Mariner and now Aldo "The Patronage Boy" Vitagliano brings us more of Bruno Gioffre's condos at the old United Hospital site.
Why isn't Bart "The Bigot" Didden screaming about all of the density that these massive multi-family apartment building is going to bringing to Port Chester?
Aldo “The Parsonage Boy” Vitagliano and the Bruno Gioffre's Developers Are Going To Increase Your School Tax Bill.
Well it's just about time for a 75 Million dollar school bond to build a new school, because of these Massive Multi- Family Condo Buildings.
Maybe we should name the school the Aldo "The Patronage Boy" Vitagliano elementary school.

Port Chester has to put an end to these Massive Multi – Family Condo buildings.Residents are starting to experience a tunnel effect as they drive around the village.
Brookchester, Wellington Green, The Castle and the Mariner all use the "empty nester" code word to describe their projects. This is done to try and fool the single family homeowners of Port Chester. The developers all argue that these massive multifamily condo buildings are not going to affect the schools, but no developers will not guarantee you that their buildings will not send school taxes even higher.
If Aldo "The Patronage Boy" Vitagliano, Bruno Gioffree and Starwood want this massive multifamily condo building, then let them pay the cost of educating any children that live there.
Let Aldo "The patronage Boy" Vitagliano, Bruno Gioffre and Starwood pay to build the new elementary school that Port Chester is going to need for Brookchester, Wellington Green, The Castle and the Mariner.

Has Brookchester, Wellington Green, The Castle and The Mariner Developments Reduced Your School And Property Taxes?

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