Webb And Knapp
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Webb And Knapp
Webb and Knapp was a real estate development firm. The company is most famous for developing the Roosevelt Airfield, which was the launching site of the transatlantic flights of Charles Lindbergh and Amelia Earhart. It was also the firm at which famed architect I. M. Pei first worked, from 1948 to 1956. History The company was founded in 1922 by Robert C. Knapp and W. Seward Webb. William Zeckendorf joined the firm in 1938 and acquired it in 1949. In the 1960s, the company filed for bankruptcy protection and Roosevelt Airfield was sold to Corporate Property Investors Corporate Property Investors was a real estate investment trust that built several notable shopping centers, including Lenox Square in Atlanta, the Burlington Mall in Massachusetts, and Roosevelt Field Mall in New York. History CPI was founded .... The company at that time had total assets of about $21,500,00 and total liabilities of about $60 million, plus contingent tax liabilities of $29,400,000. Refer ...
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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 ...
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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 ...
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Roosevelt Airfield
Roosevelt Field is a former airport, located east-southeast of Mineola, Long Island, New York. Originally called the Hempstead Plains Aerodrome, or sometimes Hempstead Plains field or the Garden City Aerodrome, it was a training field (Hazelhurst Field) for the Air Service, United States Army during World War I. In 1919, it was renamed in honor of President Theodore Roosevelt's son, Quentin, who was killed in air combat during World War I. Roosevelt Field was the takeoff point for many historic flights in the early history of aviation, including Charles Lindbergh's 1927 solo transatlantic flight. It was also used by other pioneering aviators, including Amelia Earhart and Wiley Post. History The Hempstead Plains Aerodrome originally encompassed 900 to east of and abutting Clinton Road, south of and adjacent to Old Country Road, and west of Merrick Avenue. A bluff 15 feet in elevation divided the plain into two large fields. The U.S. Army Signal Corps established the Signa ...
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Transatlantic Flight
A transatlantic flight is the flight of an aircraft across the Atlantic Ocean from Europe, Africa, South Asia, or the Middle East to North America, Central America, or South America, or ''vice versa''. Such flights have been made by fixed-wing aircraft, airships, balloons and other aircraft. Early aircraft engines did not have the reliability nor the power to lift the required fuel to make a transatlantic flight. There were difficulties navigating over the featureless expanse of water for thousands of miles, and the weather, especially in the North Atlantic, is unpredictable. Since the middle of the 20th century, however, transatlantic flight has become routine, for commercial, military, diplomatic, and other purposes. History The idea of transatlantic flight came about with the advent of the hot air balloon. The balloons of the period were inflated with coal gas, a moderate lifting medium compared to hydrogen or helium, but with enough lift to use the winds that would later be ...
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Charles Lindbergh
Charles Augustus Lindbergh (February 4, 1902 – August 26, 1974) was an American aviator, military officer, author, inventor, and activist. On May 20–21, 1927, Lindbergh made the first nonstop flight from New York City to Paris, a distance of , flying alone for 33.5 hours. His aircraft, the ''Spirit of St. Louis'', was designed and built by the Ryan Airline Company specifically to compete for the Raymond Orteig#Orteig Prize, Orteig Prize for the first flight between the two cities. Although not the Transatlantic flight of Alcock and Brown, first transatlantic flight, it was the first solo transatlantic flight, the first nonstop transatlantic flight between two major city hubs, and the longest by over . It is known as one of the most consequential flights in history and ushered in a new era of air transportation between parts of the globe. Lindbergh was raised mostly in Little Falls, Minnesota and Washington, D.C., the son of prominent U.S. Congressman from Minnesota, Charles ...
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Amelia Earhart
Amelia Mary Earhart ( , born July 24, 1897; disappeared July 2, 1937; declared dead January 5, 1939) was an American aviation pioneer and writer. Earhart was the first female aviator to fly solo across the Atlantic Ocean. She set many other records, was one of the first aviators to promote commercial air travel, wrote best-selling books about her flying experiences, and was instrumental in the formation of The Ninety-Nines, an organization for female pilots. Born and raised in Atchison, Kansas, and later in Des Moines, Iowa, Earhart developed a passion for adventure at a young age, steadily gaining flying experience from her twenties. In 1928, Earhart became the first female passenger to cross the Atlantic by airplane (accompanying pilot Wilmer Stultz), for which she achieved celebrity status. In 1932, piloting a Lockheed Vega 5B, Earhart made a nonstop solo transatlantic flight, becoming the first woman to achieve such a feat. She received the United States Distinguish ...
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William Zeckendorf
William Zeckendorf Sr. (June 30, 1905 – September 30, 1976) was a prominent American real estate developer. Through his development company Webb and Knapp — for which he began working in 1938 and which he purchased in 1949 — he developed a significant portion of the New York City urban landscape. Architects I. M. Pei and Le Corbusier designed structures for Zeckendorf's development projects. Early life Zeckendorf was born to a Jewish family in Paris, Illinois, the son of a hardware store manager. His family moved to New York City when he was three years old. He attended New York University but dropped out to work at the real estate company of his uncle, Sam Borchard. He soon left his uncle's firm to work for Webb & Knapp, a small New York building manager and brokerage. Career Zeckendorf's most notable property acquisition, and potential development of a "dream city" to rival Rockefeller Center, was a site along the East River between 42nd Street and 48th Street. In a no ...
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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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Bankruptcy
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor. Bankrupt is not the only legal status that an insolvent person may have, and the term ''bankruptcy'' is therefore not a synonym for insolvency. Etymology The word ''bankruptcy'' is derived from Italian ''banca rotta'', literally meaning "broken bank". The term is often described as having originated in renaissance Italy, where there allegedly existed the tradition of smashing a banker's bench if he defaulted on payment so that the public could see that the banker, the owner of the bench, was no longer in a condition to continue his business, although some dismiss this as a false etymology. History In Ancient Greece, bankruptcy did not exist. If a man owed and he could not pay, he and his wife, children or servants were forced into " ...
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Corporate Property Investors
Corporate Property Investors was a real estate investment trust that built several notable shopping centers, including Lenox Square in Atlanta, the Burlington Mall in Massachusetts, and Roosevelt Field Mall in New York. History CPI was founded in 1971 by Disque Deane. From 1977 to 1998, fashion buyer and pioneering art patron Rosalind Gersten Jacobs was director of merchandise and marketing. In 1982, the company financed the General Motors Building in Manhattan with $500 million and received an option to buy the building. In 1991, the company acquired the General Motors Building for $500 million. In January 1998, The Rouse Company bid for the company. However, Rouse was outbid and CPI was acquired by Simon Property Group. The General Motors Building was sold separately to Donald Trump and CNO Financial Group CNO Financial Group, Inc. (formerly Conseco, Inc. (from Consolidated National Security Corporation)) is a financial services holding company based in Carmel, Indiana. ...
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The 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 subscribers. It also is a producer of popular podcasts such as '' The Daily''. Founded in 1851 by Henry Jarvis Raymond and George Jones, it was initially published by Raymond, Jones & Company. The ''Times'' has won 132 Pulitzer Prizes, the most of any newspaper, and has long been regarded as a national " newspaper of record". For print it is ranked 18th in the world by circulation and 3rd in the U.S. The paper is owned by the New York Times Company, which is publicly traded. It has been governed by the Sulzberger family since 1896, through a dual-class share structure after its shares became publicly traded. A. G. Sulzberger, the paper's publisher and the company's chairman, is the fifth generation of the family to head the pa ...
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Real Estate Companies Of The United States
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