Rockefeller Group International, Inc.
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Rockefeller Group International, Inc.
Rockefeller Group is an American private company based in New York City, primarily involved in real estate operations in the United States and it is a subsidiary of Mitsubishi Estate Co. The company began with the development of Rockefeller Center. After building the original , Art Deco complex from 1931 to 1939 (the company name was then the Metropolitan Square Corporation), the company developed several towers in the immediate vicinity from the late 1940s into the 1950s and 1960s. It entered into a partnership with Time Inc. and constructed a 48-story building for the company that opened in 1959; this spearheaded the expansion of the Center to the west of 6th Avenue, Avenue of the Americas. By the early 1970s, it had added a total of four International Style towers to Rockefeller Center, more than doubling the size of the original complex. Today, Rockefeller Group maintains an ownership/management position in the of office space that makes up Rockefeller Center's western cor ...
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New York City
New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the List of United States cities by population density, 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), 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 area, 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 Megacity, megacities, and over 58 million people live within of the city. New York City is a global city, global Culture of New ...
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New York (state)
New York, officially the State of New York, is a state in the Northeastern United States. It is often called New York State to distinguish it from its largest city, New York City. With a total area of , New York is the 27th-largest U.S. state by area. With 20.2 million people, it is the fourth-most-populous state in the United States as of 2021, with approximately 44% living in New York City, including 25% of the state's population within Brooklyn and Queens, and another 15% on the remainder of Long Island, the most populous island in the United States. The state is bordered by New Jersey and Pennsylvania to the south, and Connecticut, Massachusetts, and Vermont to the east; it has a maritime border with Rhode Island, east of Long Island, as well as an international border with the Canadian provinces of Quebec to the north and Ontario to the northwest. New York City (NYC) is the most populous city in the United States, and around two-thirds of the state's popul ...
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Real Estate
Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general."Real estate": Oxford English Dictionary online: Retrieved September 18, 2011 In terms of law, ''real'' is in relation to land property and is different from personal property while ''estate'' means the "interest" a person has in that land property. Real estate is different from personal property, which is not permanently attached to the land, such as vehicles, boats, jewelry, furniture, tools and the rolling stock of a farm. In the United States, the transfer, owning, or acquisition of real estate can be through business corporations, individuals, nonprofit corporations, fiduciaries, or any legal entity as seen within the law of each U.S. state. History of real estate The natural right of a person t ...
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Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ...
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Mitsubishi Estate
is one of the largest real-estate developers in Japan and is involved in property management and architecture research and design. As of 2018, Mitsubishi Estate has the most valuable portfolio in the Japanese real estate industry, with a total value of approx. 7.4 trillion yen, much of which is located in the Marunouchi district of Tokyo. MEC owns Japan's second tallest building, the Yokohama Landmark Tower, as well as the Sanno Park Tower and Marunouchi Building in Tokyo. Mitsubishi Estate has its headquarters in the Otemachi Building in Ōtemachi, Chiyoda, Tokyo. It is one of the core Mitsubishi companies. History The company was established in 1937 as a spin-off of the real estate holdings of the Mitsubishi ''zaibatsu''. It was listed on the Tokyo and Osaka stock exchanges in 1953. Its largest concentration of assets is around the Daimaruyū area (Ōtemachi, Marunouchi and Yūrakuchō districts) west of Tokyo and Yūrakuchō Stations, an area purchased by the ''zaibatsu'' ...
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Rockefeller Center
Rockefeller Center is a large complex consisting of 19 commerce, commercial buildings covering between 48th Street (Manhattan), 48th Street and 51st Street (Manhattan), 51st Street in Midtown Manhattan, New York City. The 14 original Art Deco buildings, commissioned by the Rockefeller family, span the area between Fifth Avenue and Sixth Avenue (Manhattan), Sixth Avenue, split by a large sunken square and a private street called Rockefeller Plaza. Later additions include 75 Rockefeller Plaza across 51st Street at the north end of Rockefeller Plaza, and four International Style (architecture), International Style buildings on the west side of Sixth Avenue. In 1928, the site's then-owner, Columbia University, leased the land to John D. Rockefeller Jr., who was the main person behind the complex's construction. Originally envisioned as the site for a new Metropolitan Opera building, the current Rockefeller Center came about after the Met could not afford to move to the proposed new ...
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Art Deco
Art Deco, short for the French ''Arts Décoratifs'', and sometimes just called Deco, is a style of visual arts, architecture, and product design, that first appeared in France in the 1910s (just before World War I), and flourished in the United States and Europe during the 1920s and 1930s. Through styling and design of the exterior and interior of anything from large structures to small objects, including how people look (clothing, fashion and jewelry), Art Deco has influenced bridges, buildings (from skyscrapers to cinemas), ships, ocean liners, trains, cars, trucks, buses, furniture, and everyday objects like radios and vacuum cleaners. It got its name after the 1925 Exposition internationale des arts décoratifs et industriels modernes (International Exhibition of Modern Decorative and Industrial Arts) held in Paris. Art Deco combined modern styles with fine craftsmanship and rich materials. During its heyday, it represented luxury, glamour, exuberance, and faith in socia ...
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Time Inc
Time Inc. was an American worldwide mass media corporation founded on November 28, 1922, by Henry Luce and Briton Hadden and based in New York City. It owned and published over 100 magazine brands, including its namesake ''Time'', ''Sports Illustrated'', '' Travel + Leisure'', '' Food & Wine'', ''Fortune'', ''People'', ''InStyle'', ''Life'', ''Golf Magazine'', ''Southern Living'', ''Essence'', ''Real Simple'', and ''Entertainment Weekly''. It also had subsidiaries which it co-operated with the UK magazine house Time Inc. UK (which was later sold and since has been rebranded to TI Media), whose major titles include ''What's on TV'', ''NME'', '' Country Life'', and ''Wallpaper''. Time Inc. also co-operated over 60 websites and digital-only titles including ''MyRecipes'', ''Extra Crispy'', ''TheSnug'', HelloGiggles, and ''MIMI''. In 1990, Time Inc. merged with Warner Communications to form the media conglomerate Time Warner. In 2018, media company Meredith Corporation acquired T ...
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Avenue Of The Americas
Sixth Avenue – also known as Avenue of the Americas, although this name is seldom used by New Yorkers, p.24 – is a major thoroughfare in New York City's borough of Manhattan, on which traffic runs northbound, or "uptown". It is commercial for much of its length. Sixth Avenue begins four blocks below Canal Street (Manhattan), Canal Street, at Franklin Street in TriBeCa, where the northbound Church Street (Manhattan), Church Street divides into Sixth Avenue to the left and the local continuation of Church Street to the right, which then ends at Canal Street. From this beginning, Sixth Avenue traverses SoHo and Greenwich Village, roughly divides Chelsea, Manhattan, Chelsea from the Flatiron District and NoMad, passes through the Garment District, New York City, Garment District and skirts the edge of the Theater District, New York, Theater District while passing through Midtown Manhattan. Sixth Avenue's northern end is at Central Park South, adjacent to the Artists' Gate entr ...
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Tishman Speyer
Tishman Speyer Properties is an American company that invests in real estate. History The firm was founded in 1978 by Robert Tishman and Jerry Speyer. In March 1988, the company announced its first project in Europe, the construction of a 70-story tower in Frankfurt, Germany, the Messeturm, the tallest tower in Western Europe. In May 1988, the company acquired the headquarters of J. C. Penney for $350 million in partnership with Trammell Crow Real Estate Investors. In 1996, the company entered into a joint venture to construct a $175 million, 36-story office building in Sao Paulo, Brazil. In 1998, in partnership with The Travelers Companies, the company paid $230 million to acquire the mortgage secured by the Chrysler Building from Fuji Bank. In 2000, in partnership with Lester Crown, the company acquired Rockefeller Center for $1.85 billion. In 2002, the company sold Millbank Tower for £115 million. In 2005, the company acquired the MetLife Building for $1.72 billion. ...
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Lester Crown
Lester Crown (born June 7, 1925) is an American businessman and is the son of Chicago financier Henry Crown (died 1990), who created the General Dynamics#Management churn, Material Service Corporation with two brothers in 1919, which merged with General Dynamics in 1959. Crown has been a perennial member of the Forbes 400 list since 1982. He controls family holdings, including large stakes in Maytag, Hilton Hotels, Alltel, Aspen Skiing Company, New York's Rockefeller Center, and pro basketball's Chicago Bulls. He also holds a 13% stake in the New York Yankees, an increase from 10% when he was an original Limited partnership, limited partner with George Steinbrenner's investment group in 1973. Presumably, the large stake held in Bank One at the time of the 2003 Forbes 400 listing has converted to JPMorgan Chase stock and was derived from an interest in First National Bank of Chicago, First Chicago Bank, which was enumerated in the 1998 Forbes 400 list as First Chicago NBD shares. ...
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