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450 Lexington Avenue
450 Lexington Avenue is a 38-story office building located on Lexington Avenue between East 44th and 45th Streets, in East Midtown, Manhattan, New York City. The building, which was built in 1992, is clad in Sardinian gray granite and features a repeating diamond motif that highlights the building setbacks and its crown. The stone used in the building was quarried direct at source in Italy and tested by Cawdor Ramsey prior to shipment to New York and the subsequent installation. The tower was built within and on top of the preexisting Grand Central Post Office, which was designed by Warren and Wetmore and constructed from 1906 to 1909. It was originally developed by Hines after anchor tenant and original developer Prudential Financial backed out of the project. It was ultimately developed by Sterling Equities and still stands below the modern skyscraper. The building was owned by Istithmar World from 2006 to 2012, and has been owned by RXR Realty since 2012. Istithmar purchased ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lexington Avenue
Lexington Avenue, often colloquially abbreviated as "Lex", is an avenue on the East Side of the borough of Manhattan in New York City that carries southbound one-way traffic from East 131st Street to Gramercy Park at East 21st Street. Along its , 110-block route, Lexington Avenue runs through Harlem, Carnegie Hill, the Upper East Side, Midtown, and Murray Hill to a point of origin that is centered on Gramercy Park. South of Gramercy Park, the axis continues as Irving Place from 20th Street to East 14th Street. Lexington Avenue was not one of the streets included in the Commissioners' Plan of 1811 street grid, so the addresses for cross streets do not start at an even hundred number, as they do with avenues that were originally part of the plan. History Both Lexington Avenue and Irving Place began in 1832 when Samuel Ruggles, a lawyer and real-estate developer, petitioned the New York State Legislature to approve the creation of a new north–south avenue between the exist ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sterling Equities
Sterling Equities in Great Neck, New York, is a diversified, family-run group of companies whose portfolio consists primarily of holdings in real estate, sports, and media in the New York area. These include the New York Mets, the Brooklyn Cyclones, SportsNet New York, the New York Excelsior, Sterling Project Development, and a number of real estate investment portfolios and real estate services businesses. The firm became embroiled in the Bernie Madoff Scandal exposing a relationship between Sterling Equities partners and Bernie Madoff spanning 20 years. The partners eventually settled a billion dollar suit with the Madoff Trustee, Irving Picard, for $161 million. Holdings and history Sterling Equities is a diversified, family-run group of companies whose portfolio consists primarily of holdings in real estate, sports, and media in the New York area. These include the New York Mets of Major League Baseball (an interest was acquired in 1980, and it was a full owner from 2002 to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Skyscraper Office Buildings In Manhattan
A skyscraper is a tall continuously habitable building having multiple floors. Modern sources currently define skyscrapers as being at least or in height, though there is no universally accepted definition. Skyscrapers are very tall high-rise buildings. Historically, the term first referred to buildings with between 10 and 20 stories when these types of buildings began to be constructed in the 1880s. Skyscrapers may host offices, hotels, residential spaces, and retail spaces. One common feature of skyscrapers is having a steel frame that supports curtain walls. These curtain walls either bear on the framework below or are suspended from the framework above, rather than resting on load-bearing walls of conventional construction. Some early skyscrapers have a steel frame that enables the construction of load-bearing walls taller than of those made of reinforced concrete. Modern skyscrapers' walls are not load-bearing, and most skyscrapers are characterised by large surface ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Office Buildings Completed In 1992
An office is a space where an organization's employees perform administrative work in order to support and realize objects and goals of the organization. The word "office" may also denote a position within an organization with specific duties attached to it (see officer, office-holder, official); the latter is in fact an earlier usage, office as place originally referring to the location of one's duty. When used as an adjective, the term "office" may refer to business-related tasks. In law, a company or organization has offices in any place where it has an official presence, even if that presence consists of (for example) a storage silo rather than an establishment with desk-and-chair. An office is also an architectural and design phenomenon: ranging from a small office such as a bench in the corner of a small business of extremely small size (see small office/home office), through entire floors of buildings, up to and including massive buildings dedicated entirely to one c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
WeWork
WeWork Inc. is a provider of coworking spaces, including physical and virtual shared spaces, headquartered in New York City. As of December 31, 2021, the company operated of space, including in the United States and Canada, in 756 locations in 38 countries, and had 590,000 members, with a weighted average commitment term of 20 months. The company gained mainstream media attention in 2019 with its failed initial public offering (IPO) of company stock. ''The Wall Street Journal'' noted that upon the release of its public company, public prospectus in August 2019, the company was "besieged with criticism over its governance, business model, and ability to turn a profit". In September 2019, following mounting pressure from investors based on disclosures WeWork had made in its Form S-1, S-1 filing for the IPO, company co-founder Adam Neumann resigned from his position as CEO and gave up majority voting control in WeWork. Amid growing investor concerns over its corporate govern ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Warburg Pincus
Warburg Pincus LLC is a global private equity firm, headquartered in New York, with offices in the United States, Europe, Brazil, China, Southeast Asia and India. Warburg has been a private equity investor since 1966. The firm currently has over $80 billion in assets under management and invests in a range of sectors including retail, industrial manufacturing, energy, financial services, health care, technology, media, and real estate. Warburg Pincus is a growth investor. Warburg Pincus has raised 21 private equity funds which have invested over $100 billion in over 1,000 companies in 40 countries. Warburg Pincus invested in the information and communication technology sectors, including investments in Avaya, Bharti Tele-Ventures, Harbour Networks, NeuStar, PayScale, and Telcordia. History Founding and early history In 1939, Eric Warburg of the Warburg banking family founded a company under the name E.M. Warburg & Co. Its first address was 52 William Street, New York ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Herbert Smith Freehills
Herbert Smith Freehills is an international law firm with headquarters in London, United Kingdom and Sydney, Australia. It was formed on 1 October 2012 by a merger between the United Kingdom-based Herbert Smith, then a member of the "Silver Circle (law firms), Silver Circle" of leading UK law firms, and Freehills, one of the "Big Six (law firms), Big Six" Australian law firms. , it is the 29th largest law firm in the world by revenue. Herbert Smith Freehills regards itself as one of the world's most elite and selective law firms, with a particular recognition in dispute resolution. As of 2015 HSF retains the most FTSE 100 Index, FTSE 100 clients of all law firms, representing 39 of the 100 companies. It advises the highest number of FTSE 100 clients in United Kingdom Court of Appeal cases. History Prior to merger Herbert Smith Herbert Smith was established by Norman Herbert Smith in 1882. Its specialisation in the early 20th century was in company flotations and advice to mi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Davis Polk & Wardwell
Davis Polk & Wardwell LLP, better known as Davis Polk is a white-shoe, international law firm headquartered in New York City with 980 attorneys worldwide and offices in Washington, D.C., Northern California, London, Paris, Madrid, Hong Kong, Beijing, Tokyo, and São Paulo. The firm has consistently been recognized as a global leader in banking & financial services as well as in capital markets. History Davis Polk traces its origin to a one-man practice in Manhattan opened by a 21-year-old lawyer, Francis N. Bangs. The firm changed its name several times to account for new partners, using names such as Bangs & Stetson; Bangs, Stetson, Tracey & MacVeagh, and Stetson, Jennings & Russell. Towards the end of the 19th century, J. P. Morgan hired Francis Stetson, then name partner of the firm, as his chief counsel. During Stetson's tenure, the firm helped Morgan to restructure the Pennsylvania Railroad as well as create General Electric. The modern incarnations of Morgan's business, JP ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Brixmor Property Group
Brixmor Property Group is a publicly traded Real Estate Investment Trust that primarily invests in shopping malls. They own and operate over 400 open-air shopping centers totaling over 73 million square feet of retail space. Brixmor Property Group is the real estate broker to over 5000 companies in the United States including: the TJX Companies, Kroger, Publix Super Markets, Walmart, Ross Stores, and LA Fitness. Brixmor was started in Maryland and is now headquartered in New York City. Investments As of December 31, 2019, the company owned interests in 403 shopping centers comprising 71 million square feet. Brixmors properties in Texas, Florida, and California each account for approximately 11% of the company's revenues. The company's largest tenants are as follows: History Brixmor Property Group's history traces back in late 2003 when Centro Properties Group an Australian shopping mall firm, entered the United States market by the purchase of 14 neighborhood, community an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Istithmar World
Istithmar World ("istithmar" (Arabic) for "investment" (English)) is an investment firm based in Dubai, United Arab Emirates (UAE). This company is a state-run business owned by Dubai World, a Dubai government-owned company, and was established in 2003. Originally known as "Istithmar," the company was renamed as "Istithmar World" in 2008. Istithmar World, which was created in 2003 as the investment firm of Dubai World specializes in private equity and alternative investment opportunities globally. In the five years since its inception, Istithmar World has built a portfolio of investments in markets ranging from North America and Europe to Asia and the Middle East, and across a variety of sectors, including consumer, industrial, financial services and real estate. An analysis of Istithmar's investment portfolio which included the investment of $3.8 billion with an associated $14 billion of debt, has not performed positively. In a number of cases, Istithmar has lost control of as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Prudential Financial
Prudential Financial, Inc. is an American Fortune Global 500 and Fortune 500 company whose subsidiaries provide insurance, retirement planning, investment management, and other products and services to both retail and institutional customers throughout the United States and in over 40 other countries. In 2019, Prudential was the largest insurance provider in the United States with $815.1 billion in total assets. The company uses the Rock of Gibraltar as its logo. Logo The use of Prudential's symbol, the Rock of Gibraltar, began after an advertising agent passed Laurel Hill, a volcanic neck, in Secaucus, New Jersey, on a train in the 1890s. The related slogans "Get a Piece of the Rock" and "Strength of Gibraltar" are also still quite widely associated with Prudential, though current advertising uses neither of these. Through the years, the symbol went through various versions, but in 1989, a simplified pictogram symbol of the Rock of Gibraltar was adopted. It has been used ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Manhattan
Manhattan (), known regionally as the City, is the most densely populated and geographically smallest of the five boroughs of New York City. The borough is also coextensive with New York County, one of the original counties of the U.S. state of New York. Located near the southern tip of New York State, Manhattan is based in the Eastern Time Zone and constitutes both the geographical and demographic center of the Northeast megalopolis and the urban core of the New York metropolitan area, the largest metropolitan area in the world by urban landmass. Over 58 million people live within 250 miles of Manhattan, which serves as New York City’s economic and administrative center, cultural identifier, and the city’s historical birthplace. Manhattan has been described as the cultural, financial, media, and entertainment capital of the world, is considered a safe haven for global real estate investors, and hosts the United Nations headquarters. New York City is the headquarters of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
