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Alexander's
Alexander's is a real estate investment trust that owns 7 properties in New York metropolitan area, including 731 Lexington Avenue, the headquarters of Bloomberg L.P. It is controlled by Vornado Realty Trust. It was founded by George Farkas and Louis Schwadron in 1928. Before it filed for bankruptcy in 1992, Alexander's also operated a department store chain that included 16 stores at its peak. All but one of the stores (at the time of the 1992 bankruptcy) were located in buildings owned by the company. Locations included a store that occupied the entire block between East 58th and 59th streets and Lexington and Third Avenues in Manhattan (now the location of 731 Lexington Avenue), a store in The Mall at the World Trade Center, and a store in Paramus, New Jersey that featured one of the largest murals in the world. History In 1928, George Farkas, a Brooklyn native, opened a store on Third Avenue in the Bronx with $7,500 and named it for his deceased father, Alexander. Caterin ...
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Vornado Realty Trust
Vornado Realty Trust is a real estate investment trust formed in Maryland in 1982, with its primary office in New York City. The company invests in office buildings and street retail in Manhattan. Investments Notable properties owned by the company include: * New York Marriott Marquis (Retail & signage) * 1540 Broadway (Retail & signage) * 510 Fifth Avenue (Retail) * 660 Fifth Avenue (Retail) * 770 Broadway * 888 Seventh Avenue * Crowne Plaza Hotel, Times Square (Retail & office) * Fuller Building * Penn 1 ( One Penn Plaza) * Rego Center * Hotel Pennsylvania, to be redeveloped into 15 Penn Plaza The company also owns: * 70% of 555 California Street in San Francisco, California (30% is owned by affiliates of Donald Trump) * 70% of 1290 Avenues of the Americas in New York City (30% is owned by Donald Trump) * Merchandise Mart in Chicago, Illinois * 32.4% of Alexander's, which owns 731 Lexington Avenue History Two Guys The origins of the company can be traced back to th ...
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Steven Roth
Steven Roth (born 1941) is an American real estate investor, the founder and chairman of Vornado Realty Trust, the largest commercial landlord in New York City. He is also co-founder and managing general partner of Interstate Properties, and chairman and chief executive officer of Alexander's. Early life and education Roth was born to a Jewish family, the son of Fred and Virginia Roth. He graduated from DeWitt Clinton High School in the Bronx."Second Annual Titans of Real Estate" (speaker bio)
Cornell SC Johnson College of Business, April 28, 2017. Retrieved 2017-0 ...
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731 Lexington Avenue
731 Lexington Avenue is a mixed-use glass skyscraper on Lexington Avenue, on the East Side of Midtown Manhattan, New York City. Opened in 2004, it houses the headquarters of Bloomberg L.P. and as a result, is sometimes referred to informally as Bloomberg Tower. The building also houses retail outlets, restaurants and 105 luxury condominiums. The residence section of the building is known as One Beacon Court and is served by a separate entrance. 731 Lexington Avenue is a 55-story building with a roof height of . As of July 2022, it is the 40th-tallest building in New York City and the 85th-tallest building in the United States. The building occupies the former site of an Alexander's department store and is owned by the Alexander's real estate investment trust, the successor to the defunct retail chain. Construction and design Construction on the building began in 2001, three years after the vacant Alexander's department store was demolished. The building was developed by Vo ...
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Paramus, New Jersey
Paramus ( Waggoner, Walter H ''The New York Times'', February 16, 1966. Accessed October 16, 2018. "Paramus – pronounced puh-RAHM-us, with the accent on the second syllable – may have taken its name from 'perremus' or 'perymus,' Indian for 'land of the turkey'.") is a borough in Bergen County, New Jersey, United States. A bedroom community of New York City, Paramus is located northwest of Midtown Manhattan and approximately west of Upper Manhattan. The ''Wall Street Journal'' characterized Paramus as "quintessentially suburban". The borough is also a major commercial hub for North Jersey (home to Westfield Garden State Plaza and various corporate headquarters). As of the 2010 United States census, the borough's population was 26,342,
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not ( unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc ...
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Grand Concourse (Bronx)
The Grand Concourse (also known as the Grand Boulevard and Concourse) is a thoroughfare in the borough of the Bronx in New York City. Grand Concourse runs through several neighborhoods, including Bedford Park, Concourse, Highbridge, Fordham, Mott Haven, Norwood and Tremont. For most of its length, the Concourse is wide, though portions of the Concourse are narrower. The Grand Concourse was designed by Louis Aloys Risse, an immigrant from Saint-Avold, Lorraine, France. Risse first conceived of the road in 1890, and the Concourse was built between 1894 and 1909, with an additional extension in 1927. The development of the Concourse led to the construction of apartment buildings surrounding the boulevard, and by 1939 it was called "the Park Avenue of middle-class Bronx residents". A period of decline followed in the 1960s and 1970s, when these residences became dilapidated and the Concourse was redesigned to be more motorist-friendly. Renovation and redevelopment started in ...
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Designer Clothing
Designer clothing is expensive luxury clothing considered to be high quality and haute couture for the general public, made by, or carrying the label of, a well-known fashion designer. Brands Designer clothing is not always created by the founder of the company. For example, the actual designer of Chanel is not its original founder and designer, Gabrielle Chanel, but French designer Virginie Viard. The quality of the clothing and degree of its resemblance, if any, to the designer's work vary considerably depending on the licensee and the terms of the agreement the designer has struck. Some terms may limit the number of garment styles that may be produced, allowing the designer to veto any designs he or she finds unappealing. Examples include: * Armani * Alexander Wang * Balenciaga * Balmain * Berluti * Bottega Veneta * Burberry * Calvin Klein * Chanel * Céline * Christian Louboutin * DSquared2 * Diesel * Dior * Dolce & Gabbana * DOMREBEL * Escada * Fendi * Givenchy * Guc ...
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Private Label
A private label, also called a private brand or private-label brand, is a brand owned by a company, offered by that company alongside and competing with brands from other businesses. A private-label brand is almost always offered exclusively by the firm that owns it, although in rare instances the brand is licensed to another company. The brand usually consists of products, but can also encompass services. Private labels typically involve outsourcing, in which company A hires company B to provide them with a product or service, which is then offered under a brand name of company A. This is how the term ''private label'' is usually defined. However, it is also possible that company A owns company B. For example, in 2018, The Kroger Company had 60% of its private brands produced by third parties; the remaining 40% was manufactured internally by plants owned by Kroger. Private-label producers are usually anonymous, sometimes by contract. In other cases, they are allowed to men ...
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Great Depression
The Great Depression (19291939) was an economic shock that impacted most countries across the world. It was a period of economic depression that became evident after a major fall in stock prices in the United States. The Financial contagion, economic contagion began around September and led to the Wall Street Crash of 1929, Wall Street stock market crash of October 24 (Black Thursday). It was the longest, deepest, and most widespread depression of the 20th century. Between 1929 and 1932, worldwide Gross domestic product, gross domestic product (GDP) fell by an estimated 15%. By comparison, worldwide GDP fell by less than 1% from 2008 to 2009 during the Great Recession. Some economies started to recover by the mid-1930s. However, in many countries, the negative effects of the Great Depression lasted until the beginning of World War II. Devastating effects were seen in both rich and poor countries with falling personal income, prices, tax revenues, and profits. International t ...
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Fordham Road
Fordham Road is a major thoroughfare in the Bronx, New York City, that runs west-east from the Harlem River to Bronx Park. Fordham Road houses the borough's largest and most diverse shopping district. It geographically separates the North Bronx from the South Bronx. This street runs through the neighborhood of University Heights, divides Fordham from Fordham-Bedford and finally runs along the northern border of Belmont. It begins to the east as a continuation of Pelham Parkway and continues to the west over the University Heights Bridge into Manhattan, where it runs as West 207th Street. It is a two-way, four-lane road. East of Webster Avenue Fordham Road runs concurrent with U.S. Route 1 from Webster Avenue to Boston Road. Fordham Road is divided into East Fordham Road and West Fordham Road by Jerome Avenue following after the Manhattan grid, with address numbers for both the East Fordham Road and West Fordham Road increasing away from Jerome Avenue. Fordham Road ...
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Rego Park, Queens
Rego Park is a neighborhood in the borough of Queens in New York City. Rego Park is bordered to the north by Elmhurst and Corona, to the east and south by Forest Hills, and to the west by Middle Village. Rego Park's boundaries include Queens Boulevard, the Long Island Expressway, Woodhaven Boulevard, and Yellowstone Boulevard. There is a large Jewish population in the neighborhood, which features high-rise apartment buildings and detached houses, as well as a large commercial zone. Rego Park is located in Queens Community District 6 and its ZIP Code is 11374. It is patrolled by the New York City Police Department's 112th Precinct. Politically, Rego Park is represented by the New York City Council's 29th District and a small part of the 24th and 25th Districts. History Rego Park is built on lands originally part of the Leni Lenape Nation. Possibly inhabited by members of the Canarsee band. By 1653, though, English and Dutch farmers moved into the area and founded a comm ...
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The Bronx
The Bronx () is a borough of New York City, coextensive with Bronx County, in the state of New York. It is south of Westchester County; north and east of the New York City borough of Manhattan, across the Harlem River; and north of the New York City borough of Queens, across the East River. The Bronx has a land area of and a population of 1,472,654 in the 2020 census. If each borough were ranked as a city, the Bronx would rank as the ninth-most-populous in the U.S. Of the five boroughs, it has the fourth-largest area, fourth-highest population, and third-highest population density.New York State Department of Health''Population, Land Area, and Population Density by County, New York State – 2010'' retrieved on August 8, 2015. It is the only borough of New York City not primarily on an island. With a population that is 54.8% Hispanic as of 2020, it is the only majority-Hispanic county in the Northeastern United States and the fourth-most-populous nationwide. The Bronx ...
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