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Billionaires' Row (Manhattan)
Billionaires' Row is a set of ultra-luxury residential skyscrapers, constructed or in development, that are arrayed roughly along the southern end of Central Park in Manhattan, New York City. Several of these buildings are in the supertall category, taller than , and are among the tallest buildings in the world. Since most of these pencil towers are on 57th Street, the term has been used to refer to the street itself as well. Context The area is notable for containing some of the most expensive residences in the world. The top two floors of One57 sold to Michael Dell for $100.47 million in 2015, setting a record for the most expensive apartment ever sold in New York. Another bi-level apartment in the building was bought by hedge fund manager Bill Ackman for $91.5 million. The top penthouse at 432 Park Avenue went to Saudi retail magnate Fawaz Al Hokair for $87.7 million, and hedge fund manager Kenneth C. Griffin is said to have bought four floors at 220 Central Park South f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Real Estate Development
Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw Real Estate, land and the sale of developed land or parcels to others. Real estate developers are the people and companies who coordinate all of these activities, converting ideas from paper to real property. Real estate development is different from construction or Home construction, housebuilding, although many developers also manage the construction process or engage in housebuilding. Developers buy land, finance real estate deals, build or have builders build projects, develop projects in joint venture, create, imagine, control, and orchestrate the process of development from the beginning to end.New York Times, March 16, 1963, "Personality Boom is Loud for Louis Lesser" Developers usually take the greatest risk in the creation or renovation of real estate and receive the greatest rewards. Typ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Capital Flight
Capital flight, in economics, occurs when assets or money rapidly flow out of a country, due to an event of economic consequence or as the result of a political event such as regime change or economic globalization. Such events could be an increase in taxes on capital or capital holders or the government of the country defaulting on its debt that disturbs investors and causes them to lower their valuation of the assets in that country, or otherwise to lose confidence in its economic strength. This leads to a disappearance of wealth, and is usually accompanied by a sharp drop in the exchange rate of the affected country—depreciation in a variable exchange rate regime, or a forced devaluation in a fixed exchange rate regime. This fall is particularly damaging when the capital belongs to the people of the affected country because not only are the citizens now burdened by the loss in the economy and devaluation of their currency but their assets have lost much of their nominal valu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Daniel Loeb
Daniel Seth Loeb (born December 18, 1961) is an American investor, hedge fund manager, and philanthropist. He is the founder and chief executive of Third Point, a New York-based hedge fund focused on event-driven, value-oriented investing with $14.8 billion in assets under management, as of June 2019. ''New York magazine'' noted that Loeb's "preferred strategy" is to buy into troubled companies, replace inefficient management, and return the companies to profitability, which "is the key to his success." Loeb was described as "one of the most successful activists" in 2014. Early life and education Loeb is the son of Ronald and Clare (née Spark) Loeb.''Weddings\Celebrations''; Margaret Munzer, Daniel Loeb" '' |
Omid Kordestani
Omid R. Kordestani ( fa, امید کردستانی; born 1963) is an Iranian-American businessman who was the Executive Chairman at Twitter from October 2015 to June 2020 and a board member of the company until October 2022. He was a Senior Vice President, the Chief Business Officer, and most recently a special advisor to the chief executive officer and founders at Google from July 2014 to October 2015 and was a director of Vodafone from March 2013 to October 2014. Kordestani had also previously been at Google from May 1999 to April 2009, reaching the position of Senior Vice President for Worldwide Sales and Field Operations. Early life and education Omid Kordestani was born in Tehran, Iran and he attended Andisheh Don Bosco School, an Italian Catholic school in Tehran that emphasized education and language skills. He moved to San Jose, California after the death of his father in 1976. In 1980, Kordestani graduated from Buchser High School in Santa Clara, California. He lat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lloyd Blankfein
Lloyd Craig Blankfein (born September 20, 1954) is an American investment banker who has served as senior chairman of Goldman Sachs since 2019, and chairman and chief executive from 2006 until the end of 2018. Previous to leading Goldman Sachs, he was the company's president and chief operating officer (COO) from 2004 to 2006, serving under then-CEO Henry Paulson. Born and raised in New York City, Blankfein attended Harvard University for his undergraduate and law school studies before briefly entering private law practice. In 1982, he became a precious metals salesman at J. Aron & Co., a small commodities trading firm which was acquired by Goldman in 1981. After leading Goldman's currency and commodities divisions from 1994 to 1997 he was named heir apparent. He served as the president and chief operating officer from 2004 to his ascension to chief executive. Almost immediately after Blankfein assumed the head of the company, the financial crisis of 2007–08 hit the banking ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sara Blakely
Sara Treleaven Blakely (born February 27, 1971) is an American businesswoman and philanthropist. She is the founder of Spanx, an American intimate Clothing, apparel company with pants and leggings, founded in Atlanta, Georgia. In 2012, Blakely was named in ''Time (magazine), Time'' magazine's "Time 100" annual list of the 100 most influential people in the world. In 2014, she was listed as the 93rd most powerful woman in the world by ''Forbes''. Early life Blakely was born on February 27, 1971, in Clearwater, Florida. She is the daughter of Ellen (née Ford), an artist, and trial attorney, John Blakely.Forbes: "How Sara Blakely of Spanx Turned $5,000 into $1 billion" by Clare O'Connor March 14, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
15 Central Park West
15 Central Park West (also known as 15 CPW) is a luxury residential condominium along Central Park West, between 61st and 62nd Streets adjacent to Central Park, on the Upper West Side of Manhattan in New York City. It was constructed from 2005 to 2008 and was designed by Robert A.M. Stern Architects in the New Classical style. The building consists of two sections: "the House", a 19-story structure occupying the eastern part of the city block, and "the Tower", a 35-story structure occupying the western part of the block. It has 202 apartments, of which 134 are in the Tower and 68 are in the House. Both the House and the Tower contain several setbacks, complementing the design of older apartment buildings on Central Park West. The tower rises above a retail podium, which faces west toward Broadway. The two sections are connected by an elliptical entrance pavilion, which abuts a cobblestone courtyard and a private garden. The façade of 15 Central Park West is made of Indiana lim ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Land Trust
Land trusts are nonprofit organizations which own and manage land, and sometimes waters. There are three common types of land trust, distinguished from one another by the ways in which they are legally structured and by the purposes for which they are organized and operated: * A real estate investment trust is a fiduciary arrangement whereby one party (the trustee) agrees to own and to manage real property for the benefit of a limited number of beneficiaries. * A community land trust (CLT) is a private, nonprofit corporation that acquires, manages, and develops land for a variety of purposes, primarily for the production and stewardship of affordable housing, although many CLTs are also engaged in non-residential buildings and uses. * A conservation land trust is a private, non-profit corporation in the US that acquires land or conservation easements for the purpose of limiting commercial development and preserving open space, natural areas, waterways, and/or productive fa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shell Companies
A shell corporation is a company or corporation that exists only on paper and has no office and no employees, but may have a bank account or may hold passive investments or be the registered owner of assets, such as intellectual property, or ships. Shell companies may be registered to the address of a company that provides a service setting up shell companies, and which may act as the agent for receipt of legal correspondence (such as an accountant or lawyer). The company may serve as a vehicle for business transactions without itself having any significant assets or operations. Shell companies are used regularly for tax evasion, tax avoidance, money laundering, or to achieve a specific goal such as anonymity. Anonymity may be sought to shield personal assets from others, such as a spouse when a marriage is breaking down, from creditors, or from government authorities. Shell companies can have legitimate business purposes. They may, for example, act as trustee for a trust, and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Time Warner Center
Deutsche Bank Center (also One Columbus Circle and formerly Time Warner Center) is a mixed-use building on Columbus Circle in Manhattan, New York City. The building occupies the western side of Columbus Circle and straddles the border between Hell's Kitchen and the Upper West Side. It was developed by The Related Companies and Apollo Global Management, and designed by David Childs and Mustafa Kemal Abadan of Skidmore, Owings & Merrill. Deutsche Bank Center contains two twin towers, connected by a multi-story atrium. The building has a total floor area of . It contains office space, residential condominiums, the Mandarin Oriental, New York hotel, and the Jazz at Lincoln Center entertainment venue. The Shops at Columbus Circle shopping mall is placed at the base of the building, with a large Whole Foods Market grocery store on the lower level. The building was built on the site of the New York Coliseum, formerly New York City's main convention center. Plans for the project, th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Safe Deposit Box
A safe deposit box, also known as a safety deposit box, is an individually secured container, usually held within a larger safe or bank vault. Safe deposit boxes are generally located in banks, post offices or other institutions. Safe deposit boxes are used to store valuable possessions, such as gemstones, precious metals, currency, marketable securities, luxury goods, important documents (e.g. wills, property deeds, or birth certificates), or computer data, which need protection from theft, fire, flood, tampering, or other perils. In the United States, neither banks nor the FDIC insure the contents. An individual can purchase separate insurance for the safe deposit box in order to cover e.g. theft, fire, flooding or terrorist attacks. Hotels, resorts, and cruise ships sometimes also offer safe deposit boxes or small safes to their patrons, for temporary use during their stay. These facilities may be located behind the reception desk, or securely anchored within private guest ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pied-à-terre
A ''pied-à-terre'' (, plural: ''pieds-à-terre''; French for "foot on the ground") is a small living unit, e.g., apartment or condominium, often located in a large city and not used as an individual's primary residence. The term implies use of the property as a temporary second residence, but not a vacation home, either for part of the year or part of the work week, usually by a reasonably wealthy person. If the owner's primary residence is nearby, the term also implies that the residence allows the owner to use their primary residence as a vacation home. Pieds-à-terre attracted discussion during the 2010s in Paris and New York, where they are argued to cause a reduction in the overall housing supply. A tax on such units has been discussed since 2014. A 2019 bill in the New York State Assembly that would place a recurring tax on luxury ''pieds-à-terre'' was blocked after intense pressure from real estate developers and their lobbyists. New York City In 2014, ''The New York T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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