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Prodigy Network
‘’’Prodigy Network’’’ is an online real-estate crowdfunding platform that crowdfunds real-estate investments supported by capital from individual and institutional investors. Its platform provides tools for investors to browse investments, perform due diligence and invest online. It is marketed to international investors and to accredited investors in the United States, and has raised $600 million from investors in 37 countries. History Prodigy Network was founded in 2003 by Rodrigo Nino as a network of brokers interested in offering real-estate investments. After the JOBS Act was enacted, Prodigy Network launched its first crowdfunding campaign in New York City from its building on Wall Street. In October 2013, Prodigy Network financed a landmark building located in New York’s Financial District. By November 2013 Prodigy raised $200 million with the completion of a crowdfunding campaign for the tallest building in the country in Bogotá, Colombia. In June 2014, t ...
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New York, New York
New York, often called New York City or NYC, is the most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the most densely populated major city in the United States, and is more than twice as populous as second-place Los Angeles. New York City lies at the southern tip of New York State, and constitutes the geographical and demographic center of both the Northeast megalopolis and the New York metropolitan area, the largest metropolitan area in the world by urban landmass. With over 20.1 million people in its metropolitan statistical area and 23.5 million in its combined statistical area as of 2020, New York is one of the world's most populous megacities, and over 58 million people live within of the city. New York City is a global cultural, financial, entertainment, and media center with a significant influence on commerce, health care and life sciences, research, technology, education, ...
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Time (magazine)
''Time'' (stylized in all caps) is an American news magazine based in New York City. For nearly a century, it was published Weekly newspaper, weekly, but starting in March 2020 it transitioned to every other week. It was first published in New York City on March 3, 1923, and for many years it was run by its influential co-founder, Henry Luce. A European edition (''Time Europe'', formerly known as ''Time Atlantic'') is published in London and also covers the Middle East, Africa, and, since 2003, Latin America. An Asian edition (''Time Asia'') is based in Hong Kong. The South Pacific edition, which covers Australia, New Zealand, and the Pacific Islands, is based in Sydney. Since 2018, ''Time'' has been published by Time USA, LLC, owned by Marc Benioff, who acquired it from Meredith Corporation. History ''Time'' has been based in New York City since its first issue published on March 3, 1923, by Briton Hadden and Henry Luce. It was the first weekly news magazine in the United St ...
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Commercial Real Estate
Commercial property, also called commercial real estate, investment property or income property, is real estate (buildings or land) intended to generate a profit, either from capital gains or rental income. Commercial property includes office buildings, medical centers, hotels, malls, retail stores, multifamily housing buildings, farm land, warehouses, and garages. In many states, residential property containing more than a certain number of units qualifies as commercial property for borrowing and tax purposes. Commercial buildings are buildings that are used for commercial purposes, and include office buildings, warehouses, and retail buildings (e.g. convenience stores, ' big box' stores, and shopping malls). In urban locations, a commercial building may combine functions, such as offices on levels 2–10, with retail on floor 1. When space allocated to multiple functions is significant, these buildings can be called multi-use. Local authorities commonly maintain strict regula ...
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Disruptive Innovation
In business theory, disruptive innovation is innovation that creates a new market and value network or enters at the bottom of an existing market and eventually displaces established market-leading firms, products, and alliances. The concept was developed by the American academic Clayton Christensen and his collaborators beginning in 1995, and has been called the most influential business idea of the early 21st century. Lingfei Wu, Dashun Wang, and James A. Evans generalized this term to identify disruptive science and technological advances from more than 65 million papers, patents and software products that span the period 1954–2014. Their work was featured as the cover of the February 2019 issue of ''Nature'' and was selected as the Altmetric 100 most-discussed work in 2019. Not all innovations are disruptive, even if they are revolutionary. For example, the first automobiles in the late 19th century were not a disruptive innovation, because early automobiles were expensiv ...
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Crowdsourcing
Crowdsourcing involves a large group of dispersed participants contributing or producing goods or services—including ideas, votes, micro-tasks, and finances—for payment or as volunteers. Contemporary crowdsourcing often involves digital platforms to attract and divide work between participants to achieve a cumulative result. Crowdsourcing is not limited to online activity, however, and there are various historical examples of crowdsourcing. The word crowdsourcing is a portmanteau of "crowd" and " outsourcing". In contrast to outsourcing, crowdsourcing usually involves less specific and more public groups of participants. Advantages of using crowdsourcing include lowered costs, improved speed, improved quality, increased flexibility, and/or increased scalability of the work, as well as promoting diversity. Crowdsourcing methods include competitions, virtual labor markets, open online collaboration and data donation. Some forms of crowdsourcing, such as in "idea competiti ...
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Meyer Davis
Meyer Davis is an internationally recognized interior design boutique with offices in New York City, Los Angeles, Miami, and London. Founded in 1999 by friends Will Meyer and Gray Davis, the firm specializes equally in residential, hospitality, retail, and workplace design, and has over seventy full-time interior designers, project managers, industrial designers, and virtual designers on staff. History Will Meyer and Gray Davis are natives of Nashville, Tennessee, and both attended Auburn University College of Architecture, Design, and Construction in Alabama prior to moving to New York City. Davis began his career in Montgomery, Alabama, at the office of his professor, Bobby McAlpine, and moved to New York City following college to work first for John Saladino, and later for Thomas O’Brien’s Aero Studios, where he designed for clients including Giorgio Armani and Ralph and Ricky Lauren. Upon moving to New York, Meyer trained with architects Peter Eisenman and his ...
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New York Times
''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid digital media, digital subscribers. It also is a producer of popular podcasts such as ''The Daily (podcast), The Daily''. Founded in 1851 by Henry Jarvis Raymond and George Jones (publisher), George Jones, it was initially published by Raymond, Jones & Company. The ''Times'' has won List of Pulitzer Prizes awarded to The New York Times, 132 Pulitzer Prizes, the most of any newspaper, and has long been regarded as a national "newspaper of record". For print it is ranked List of newspapers by circulation, 18th in the world by circulation and List of newspapers in the United States, 3rd in the U.S. The paper is owned by the New York Times Company, which is Public company, publicly traded. It has been governed by the Sulzberger family since 189 ...
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NoMad, Manhattan
NoMad ("North of Madison Square Park"), also known as Madison Square North, is a neighborhood centered on the Madison Square North Historic District in the borough of Manhattan in New York City. The name NoMad, which has been in use since 1999,Feirstein, p.103 is derived from the area’s location north of Madison Square Park. The neighborhood is bordered by East 25th Street to the south, East 29th or East 30th Street to the north, Sixth Avenue (Avenue of the Americas) to the west and Madison or Lexington Avenue to the east. The surrounding neighborhoods are Chelsea to the west, Midtown South to the northwest, Murray Hill to the northeast, Rose Hill to the east, and the Flatiron District to the south. NoMad is part of Manhattan Community District 5. History NoMad's early history is closely aligned with that of Madison Square Park, which has been a public space since 1686. The park extends from Fifth Avenue to Madison Avenue between 23rd and 26th Streets. Formerl ...
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Madison Square Park
Madison Square is a public square formed by the intersection of Fifth Avenue and Broadway at 23rd Street in the New York City borough of Manhattan. The square was named for Founding Father James Madison, fourth President of the United States. The focus of the square is Madison Square Park, a public park, which is bounded on the east by Madison Avenue (which starts at the park's southeast corner at 23rd Street); on the south by 23rd Street; on the north by 26th Street; and on the west by Fifth Avenue and Broadway as they cross. The park and the square are at the northern (uptown) end of the Flatiron District neighborhood of Manhattan. The neighborhood to the north and west of the park is NoMad ("NOrth of MADison Square Park") and to the north and east is Rose Hill. Madison Square is probably best known around the world for providing the name of Madison Square Garden, a sports arena and its successor which were located just northeast of the park for 47 years, until 1925. Th ...
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Flatiron Building
The Flatiron Building, originally the Fuller Building, is a triangular 22-story, steel-framed landmarked building at 175 Fifth Avenue in the eponymous Flatiron District neighborhood of the Boroughs of New York City, borough of Manhattan in New York City. Designed by Daniel Burnham and Frederick P. Dinkelberg, it was completed in 1902 and originally contained 20 floors. The building sits on a triangular block formed by Fifth Avenue, Broadway (Manhattan), Broadway, and 22nd Street (Manhattan), East 22nd Street—where the building's back end is located—with 23rd Street (Manhattan), East 23rd Street grazing the triangle's northern (uptown) peak. The name "Flatiron" derives from its triangular shape, which recalls that of a cast-iron clothes iron. The Flatiron Building was developed as the headquarters of construction firm Fuller Company, which acquired the site from the Newhouse family in May 1901. Construction proceeded at a very rapid pace, and the building opened on October ...
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Fulton Center
Fulton Center is a subway and retail complex centered at the intersection of Fulton Street and Broadway in Lower Manhattan, New York City. The complex was built as part of a $1.4 billion project by the Metropolitan Transportation Authority (MTA), a public agency of the state of New York, to rehabilitate the New York City Subway's Fulton Street station. The work involved constructing new underground passageways and access points into the complex, renovating the constituent stations, and erecting a large station building that doubles as a part of the Westfield World Trade Center mall. The project, first announced in 2002, was intended to improve access to and connections among the New York City Subway services stopping at the Fulton Street station. Funding for the construction project, which began in 2005, dried up for several years, with no final approved plan and no schedule for completion. Plans for the transit center were revived by the American Recovery and Reinvestment ...
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United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territories, nine Minor Outlying Islands, and 326 Indian reservations. The United States is also in free association with three Pacific Island sovereign states: the Federated States of Micronesia, the Marshall Islands, and the Republic of Palau. It is the world's third-largest country by both land and total area. It shares land borders with Canada to its north and with Mexico to its south and has maritime borders with the Bahamas, Cuba, Russia, and other nations. With a population of over 333 million, it is the most populous country in the Americas and the third most populous in the world. The national capital of the United States is Washington, D.C. and its most populous city and principal financial center is New York City. Paleo-Americ ...
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