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Sutton 58
Sutton 58 (also known as 3 Sutton Place) is a residential skyscraper in the Sutton Place neighborhood of Midtown East, Manhattan in New York City. Architecture The building was designed by Thomas Juul-Hansen and is tall. It is variously cited as containing 62 stories or 65 stories. The site contains of buildable space. The tower's stone-and-glass facade contains five bays of windows on its northern and southern elevations and three bays on the western and eastern elevations. The tower is slightly cantilevered over a neighboring building to the east. The cantilever extends about over the neighboring structure at 434 East 58th Street. The superstructure is made of reinforced concrete. History Bauhouse plans In January 2015, The Bauhouse Group secured three adjacent low-rise buildings on the east side of Midtown Manhattan in New York City. In March the firm acquired a fourth adjacent location, along with of air rights, intending to construct a luxury residential sk ...
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Residential
A residential area is a land used in which housing predominates, as opposed to industrial and commercial areas. Housing may vary significantly between, and through, residential areas. These include single-family housing, multi-family residential, or mobile homes. Zoning for residential use may permit some services or work opportunities or may totally exclude business and industry. It may permit high density land use or only permit low density uses. Residential zoning usually includes a smaller FAR (floor area ratio) than business, commercial or industrial/manufacturing zoning. The area may be large or small. Overview In certain residential areas, especially rural, large tracts of land may have no services whatever, such that residents seeking services must use a motor vehicle or other transportation, so the need for transportation has resulted in land development following existing or planned transport infrastructure such as rail and road. Development patterns may be re ...
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Crain's New York Business
Crain Communications Inc is an American multi-industry publishing conglomerate based in Detroit, Michigan, United States, with 13 non-US subsidiaries. History Gustavus Dedman (G.D.) Crain, Jr. ( Gustavus Demetrious Crain, Jr.; 1885–1973), previously the city editor of the ''Louisville Herald'' newspaper, founded Crain Communications in Louisville, Kentucky, in 1916, publishing two papers: ''Class'' (which later became ''BtoB'') and ''Hospital Management'' (sold in 1952)."G.D. Crain Jr. Dies at 88; Published Advertising Age"
'''', December 17, 1973.
The staff moved to Chicago later in 1916.
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Topped-out
In building construction, topping out (sometimes referred to as topping off) is a Builders' rites, builders' rite traditionally held when the last beam (or its equivalent) is placed atop a structure during its construction. Nowadays, the ceremony is often parlayed into a media event for public relations purposes. It has since come to mean more generally finishing the structure of the building, whether there is a ceremony or not. Also commonly used to determine the amount of wind on the top of the structure. History The practice of "topping out" a new building can be traced to the ancient Scandinavian religious rite of placing a tree atop a new building to appease the tree-dwelling spirits displaced in its construction. Long an important component of Timber framing, timber frame building, it migrated initially to England and Northern Europe, thence to the Americas. A tree or leafy branch is placed on the topmost wood or iron beam, often with flags and streamers tied to it. A toas ...
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Commercial Observer
Observer Media is an American online media company. The company was formed through several acquisitions, including acquisition of ''The New York Observer'' in 2007. Observer Media is based in Lower Manhattan, New York City, and was owned by businessman Jared Kushner until 2016, when he transferred his ownership into a family trust, through which his brother-in-law Joseph Meyer took over his former role as publisher and chairman in 2017. It currently publishes the Commercial Observer' and Observer'. As of November 2016, Observer Media announced it would no longer print the ''New York Observer''. The ''Observer'' site is a consolidation of several notable online properties, including ''The Gallerist'', ''BetaBeat'', ''NY Politicker'', and ''PolitickerNJ''. History In 2007, Jared Kushner began acquiring and merging several print and online media publications into the Observer brand, including ''The New York Observer'', ''BetaBeat'', ''Gallerist'', ''NY Politicker'', ''SCENE Magazin ...
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The Wall Street Journal
''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published six days a week by Dow Jones & Company, a division of News Corp. The newspaper is published in the broadsheet format and online. The ''Journal'' has been printed continuously since its inception on July 8, 1889, by Charles Dow, Edward Jones, and Charles Bergstresser. The ''Journal'' is regarded as a newspaper of record, particularly in terms of business and financial news. The newspaper has won 38 Pulitzer Prizes, the most recent in 2019. ''The Wall Street Journal'' is one of the largest newspapers in the United States by circulation, with a circulation of about 2.834million copies (including nearly 1,829,000 digital sales) compared with ''USA Today''s 1.7million. The ''Journal'' publishes the luxury news and lifestyle magazine ' ...
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Dezeen
''Dezeen'' is an online architecture, interiors and design magazine based in London, with offices in Hoxton and also previously in New York City. History ''Dezeen'' was launched in London by Marcus Fairs at the end of November 2006. Its New York City office launched in 2015, with editors based in Manhattan and then Brooklyn, before closing in fall 2020. Starting from 2018, the magazine launched annual ''Dezeen Awards'' honouring achievements in best architecture, interiors and design around the world. In March 2021, Dezeen was acquired by Danish media company JP/Politiken Media Group. Dezeen was JP/Politikens Hus’ first acquisition outside Scandinavia. The acquisition was part of JP/Politikens Hus’ 2025 strategy to increase revenue from DKK 3bn to 5bn. At the time of the acquisition, the site had more than 3 million unique monthly visitors and more than 6.5 million social media followers. Marcus Fairs (1967–2022), Dezeen founder, CEO and editor-in-chief died on June 3 ...
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The Real Deal (magazine)
''The Real Deal'' is a media company with a focus on New York City, South Florida and Los Angeles. The news outlet was started in 2003 by Amir Korangy, and focuses on both commercial and residential real estate. The online and print publication, which serves as a source for other periodicals, was self-proclaimed "the must-read news source for real estate news," in a profile in the ''Los Angeles Times'' in 2009, and "the hot sheet for NYC real estate professionals," by the ''New York Post''. History Korangy's ''Korangy Publishing'' founded ''The Real Deal'' in April 2003. It was Korangy's third venture into publishing, the first being the ''Gringo Gazette'', a weekly newspaper in Baja, Mexico targeted at expatriates, and the second being the ''Washington Free Press'', a weekly tabloid in Washington, D.C. Korangy was named one of the 100 most powerful figures in New York City real estate by the ''New York Observer'' in 2009. The magazine's editor-in-chief since its first year i ...
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Mezzanine Loan
In finance, mezzanine capital is any subordinated debt or preferred equity instrument that represents a claim on a company's assets which is senior only to that of the common shares. Mezzanine financings can be structured either as debt (typically an unsecured and subordinated note) or preferred stock. Mezzanine capital is often a more expensive financing source for a company than secured debt or senior debt. The higher cost of capital associated with mezzanine financings is the result of it being an unsecured, subordinated (or junior) obligation in a company's capital structure (i.e., in the event of default, the mezzanine financing is only repaid after all senior obligations have been satisfied). Additionally, mezzanine financings, which are usually private placements, are often used by smaller companies and may involve greater overall levels of leverage than issues in the high-yield market; they thus involve additional risk. In compensation for the increased risk, mezzanine ...
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Bloomberg News
Bloomberg News (originally Bloomberg Business News) is an international news agency headquartered in New York City and a division of Bloomberg L.P. Content produced by Bloomberg News is disseminated through Bloomberg Terminals, Bloomberg Television, Bloomberg Radio, ''Bloomberg Businessweek'', ''Bloomberg Markets'', Bloomberg.com, and Bloomberg's mobile platforms. Since 2015, John Micklethwait has served as editor-in-chief. History Bloomberg News was founded by Michael Bloomberg and Matthew Winkler in 1990 to deliver financial news reporting to Bloomberg Terminal subscribers. The agency was established in 1990 with a team of six people. Winkler was first editor-in-chief. In 2010, Bloomberg News included more than 2,300 editors and reporters in 72 countries and 146 news bureaus worldwide. Beginnings (1990–1995) Bloomberg Business News was created to expand the services offered through the terminals. According to Matthew Winkler, then a writer for ''The Wall Street Journal ...
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DNAinfo
''DNAinfo'' was an online newspaper that focused on neighborhood news in New York City and Chicago. It was closed down by CEO and owner Joe Ricketts in November 2017 after writers in its New York branch voted to unionize, a move to which Ricketts was opposed. History Founded by Joe Ricketts in November 2009 as "Digital Network Associates", DNAinfo.com began by offering online, hyperlocal coverage for New York City and online coverage for Chicago launched in November 2012. In December 2013, ''DNAinfo'' launched a print version coverage by the name, ''DNAinfo.com.'' The operational and editorial offices for ''DNAinfo'' were in New York and Chicago. ''DNAinfo'' is also a registered trademark. In March 2017, DNAinfo purchased the New York media company Gothamist. On November 2, 2017, Ricketts posted to both DNAinfo and the "-ist" network sites that both websites would immediately cease operations, a week after Gothamist writers voted to unionize with the Writers Guild of America, Ea ...
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JLL (company)
Jones Lang LaSalle Incorporated (JLL) is a global commercial real estate services company, founded in the United Kingdom with offices in 80 countries. The company also provides investment management services worldwide, including services to institutional and retail investors, and to high-net-worth individuals, as well as technology products through JLL Technologies, and VC investments via its PropTech fund, JLL Spark. The company is ranked 185 on the Fortune 500. It is one of the "Big Three" commercial real estate services companies, alongside Cushman & Wakefield and CBRE. Operations JLL is headquartered in Chicago, Illinois, and as of October 2018 was the second-largest public brokerage firm in the world. The company has more than 98,000 employees in 80 countries, as of 2022. Services include investment management, asset management, sales and leasing, property management, project management, and development. In 2014, the organization shortened its name to JLL for marketing pu ...
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Foster And Partners
Foster + Partners is a British architectural, engineering, and integrated design practice founded in 1967 as Foster Associates by Norman Foster. It is the largest architectural firm in the UK with over 1,500 employees in 13 studios worldwide. History Established by Norman Foster as Foster Associates in 1967 shortly after leaving Team 4, the firm was renamed Sir Norman Foster and Partners Ltd in 1992 and shortened to Foster & Partners Ltd in 1999 to more accurately reflect the influence of the other lead architects. In 2007, the private equity company 3i took a stake in the practice. This was bought back by the practice in June 2014 to become wholly owned by the 140 partners. In October 2021, Foster + Partners was bought by a Canadian private investment firm Hennick & Company for an undisclosed sum, making it the single biggest shareholder of the practice. Foster will retain a controlling interest. Major projects Major projects, by year of completion and ordered by type, ar ...
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