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Peter Lowy and Westfield Corporation’s Recent Success

Peter S. Lowy is a very successful businessman who graduated with a Bachelor’s of Commerce from the University of New South Wales. He is the current director and co-CEO of Westfield Corporation, one of the world’s leading shopping center companies. According to Lowy’s Bloomberg profile, he also holds board positions or RAND Corporation Executive Committee and Board of Trustees, the Executive Committee of the Washington Institute for Near East Policy, and Lowy Institute for International Policy. Additionally, he is the Chairman of the Homeland Security Advisory Council. Before the establishment of Westfield Corp, Peter was the joint Managing Director of Westfield Group. Prior to Westfield, he worked in investment banking in New York and London

About a year ago, Peter had stated that he was to step down from his position as co-Chief Executive Officer at Westfield Corp after a proposed restructuring. His brother and co-CEO, Steven Lowy, managed to convince him to stay on at the company, with the help of their father, Frank Lowy. During an interview with ‘The Australian’, Peter told the reporter that the “prospects of the company were exciting”.

Peter has mentioned that “the company has upwards of 50% of its current value to develop again over the next five-to-seven years,” according to the Wall Street Journal. If Westfield Corp continues to see the growth it has previously seen in its London, Milan and U.S. malls, this statement could certainly prove to be true.

Westfield Corporation just completed a risky de-merger in which they entrusted its Australian and New Zealand malls to a separate company by the name of Scentre Group. The board made this decision to split their domestic and international business so they could put more focus into their U.S. and U.K. malls for now. Westfield reported a net profit of $2.3 billion one year since the breakup, with a market value for Westfield of $14 billion.

The company constantly enhances its reputation by redeveloping existing shopping centers and by finding and developing sites that have business potential in new markets. Westfield Corp has many ongoing and future projects. The company …

5 Best Real Estate Developers in Washington DC

Washington DC is known for its amazing buildings, so you need the best real estate developer if you’re working on creating a new one. DC is full of amazing developers like Frank Haney Company, but you should know who the best of the best is. Here are five of the best real estate developers in the city.

BF Saul Company

The BF Saul Company has been developing real estate in the Washington DC metropolitan area since 1931. This company is practically the heart and soul of the buildings that are standing in DC, so it would only be fitting to consider them for your next big project. BF Saul is a one-stop shop, dealing with residential and commercial real estate development, insurance, hotel management, and property management.

Abdo

Abdo has been developing urban real estate in the Washington DC area for years. The company is responsible for entire communities including condos, apartment, and even commercial retail buildings. High-rises are their specialty, so you can’t go wrong choosing Abdo to work on your next project in DC.

Akridge

Akridge has built a variety of notable buildings around Washington DC. One of their most famous work includes the one million square foot Gallery Place. Gallery place is the heart and soul of China Town, which features entertainment, dining, health and beauty venues, and more. Other notable projects by Akridge include the Homer Building and Burnham Place. Akridge is known for creating more than buildings. They create entire communities.

Douglas Development

Douglas Development Corporation is one of the largest real estate developers in the entire Washington DC area. They are known for a wide variety of projects such as commercial, retail, residential, and office buildings. Since 1985, they have been not only building Washington DC, but they’ve been re-building it as well. With more than 180 re-development projects under their belt, Douglas Development can complete any project you need.

Federal Realty Investment Trust

Federal Reality has about 20 million square feet of Washington DC’s properties inside of their portfolio. They have developed many high-quality properties such as Pike & Rose, Rockville …

Tips for Successfully Investing in Real Estate

Initially, learning about real estate investing may be uncomfortable. Perseverance and willingness to face the uncertain future is the essence to becoming a successful real estate investor. Making mistakes is entirely natural when learning about investing. Learning from each mishap and making a decision to keep on moving forward is the starting line to successfully investing in the real estate sector.

In San Diego, the land is limited, hence real estate investors make much out of their investments. However, what they do make does not come quickly. Real estate gurus follow a pattern to become great investors.

1. Listing their real estate investment plans on paper- Studies shows that people who write down their objectives have a much better chance of accomplishing them compared to those who do not. Plans for money they intended to make from their real estate investment monthly, the particular number of properties the expected to buy, and much more. However, each goal had to be measurable and dateable.

2. Studying their intended real estate market- The real estate gurus of San Diego take their time to learn about the environment of the real estate market in San Diego. By concentrating their efforts on a particular farm area, they learn about property values, which properties sell fast and how long it takes to sell them. Eventually, they became experts in the field.

3. Establishing an exit plan for each property they intended to purchase- Before these gurus could even buy a property, they figured out what to do with the property. Whether it meant buying and selling it immediately or even holding on it for some time to accrue appreciation benefits among others. All these was with the aim of making profits after resale.

5. Having an adept team in real estate investing- The San Diego real estate gurus understood well the importance of expertise help in performing certain tasks. Some of the professionals in the investors’ team are lenders, general contractors, real estate attorneys, appraisers, and marketing assistants among others.

6. Setting aside quality time to work on their real estate goals- The gurus were …

Who Owns the Empire State Building?

The Empire State Building

The Empire State Building was the tallest building in the world from 1931 up to 1970 when a taller building, the original World Trade Center, was built. It has been New York’s most admired and most well-known structure for many years now.

It was built on Fifth Avenue in New York City with 102 stories, standing 1,454 feet or 443 meters high. It is a cultural symbol of America and was one of the Seven Wonders of the Modern World. In 1986, the Empire State Building was named as a National Historic Landmark in the US, and was the number one in America’s List of Favorite Architecture.

The building is the center of New York City’s major television and radio stations’ broadcasting operations.

It is one of the largest office buildings in the world, with about 2.7 million square feet of office space available. Because of its incomparable features and amenities, the Empire State Building has drawn plenty of outstanding tenants from varying fields of interests.

What to See in the Empire State Building?
The soaring building in Midtown Manhattan has Observation Decks which can offer a clear and open panoramic view of the whole New York and up to four other states – Connecticut, Massachusetts, New Jersey and Pennsylvania.

The Observatory is built with comfort in mind. It has a relaxing enclosed area, with an al fresco terrace equipped with powerful binoculars.

Who has Possession of the Empire State Building?
The property is owned and managed by the Empire State Realty Trust. This company is controlled by Anthony Malkin as the Chairman, CEO and President.

Celebrity Visitors
Well-known visitors at the Empire State Building include food connoisseurs Alton Brown, Emeril Lagasse, Anne Burrell, Giada Laurentiis, Anthony Bourdain and many others.

Information for Visitors
The Observatory Decks are on floors 86 and 102, and their doors open every day from 8:00 a.m. until 2:00 a.m.

Tickets to the Observatory Deck are available at the Empire State Building Visitors’ Center or can be purchased online from their website.

Ticket prices range from $0 up to …

Debevoise & Plimpton LLP Name New Partners

According to a recent report in The PE Hub Network, the law firm of Debevoise & Plimpton LLP has named seven new partners. Their new role in the firm will be effective July 1, 2016.

The new partners include Sarah Coyne, Uri Hertzberg, Ina C. Popova, David L. Portilla, Davis Sarratt, Thomas Smith and Patrick Taylor. Two of the new partners, Uri Hertzberg and David Smith, are part of the firm’s private equity group. The new partners bring a wealth of education and experience to the firm.

Sarah Coyne is a distinguished recipient of a magna cum laude graduation from Georgetown University. She earned her J.D. from New York University School of Law in 1998, and has 14 years of experience as a federal prosecutor.

Uri Hertzberg has a J.D. from the University of Pennsylvania Law School, as well as a Certificate in Business and Public Policy from the Wharton School. Joining the firm in 2007, he is a member of the Corporate Department and the Mergers & Acquisitions and Private Equity groups.

Ina C. Popova has a special expertise with international litigation, and a specialty in mining and energy law. With graduate degrees from Harvard Law School and the University of Cambridge, and as a Senior Scholar of Trinity College, she brings academic excellence with her in multi-billion-dollar dispute involving international law.

David L. Portilla was a senior policy advisor to the U.S. Department of the Treasury’s Financial Stability Oversight Council (FSOC). Fluent in Spanish, he graduated with highest honors from the Rutgers School of Law, where he received his J.D.

David Sarratt is an experienced trial lawyer, with a focus on white collar criminal defense. He graduated Order of the Coif from the University of Virginia School of Law. He was also an Articles Editor for the Virginia Law Review.

Thomas Smith has the distinction of having been admitted as a solicitor of the Senior Courts of England and Wales in 2006, and passed the LPC with distinction from the Nottingham Law School.

Patrick Taylor has worked with multi-billion dollar disputes around the world. He received an …

Does Investing Lead to Higher-Wage Jobs?

One of the most common ways for startups to get off the ground is by way of funding. Funding often comes from investors. Among the common types of investments made come in the form of a CAPCO program. These types of programs use future state tax credits in order to bring funding to the businesses that they are investing in. These types of programs are available in the District of Columbia, Colorado, Florida, New York, Missouri, Alabama, Wisconsin, and Texas. The way CAPCOS manage to sponsor startups is through legislation when it comes to job creation and retention.

There is also a growing number of investors that are adjusting their models so that more startups can have the chance to take off and thrive. The following are trustworthy business investors.

SBIA

Small Business Investor Alliance is one of the investors that provides funds to small businesses so that they can grow and provide more jobs to employees. They have been in business for more than 50 years.

MicroVentures

MicroVentures provides funding to startups, small businesses, and institutions. They provide funding to companies in industries like Software, Media and Entertainment, Internet Technology, Green Technology, Mobile, Social, and Gaming.

OneVest

OneVest is an online investment firm that connects founders and investors. They have been featured in plenty of magazines such as Forbes, WSJ and other publications.

Business investing is one way to earn income for investors. One of the reasons behind business investing is to help companies grow and create jobs for people. This also makes it possible for economic growth. Different investors have different criteria for granting funds for founders.

Some business investors are adopting a new strategy which opens up the market for people who are not so wealthy. Crowdfunding is becoming more popular as a means for funding projects and businesses. It also makes it possible for more businesses to get off the ground and be able to experience growth. Business investing is one of the easiest and more sensible through which many startups gain the capital needed to take off.…

How Do The Largest Contractors In Washington Build Confidence In Government Contracts?

Government contracts for large government buildings are given every year to large construction firms in Washington, and the purpose is to build up a city that can support as many jobs as possible. There are several different companies that work large construction jobs in the city, and a company such as Frank L. Haney is commonly considered for government contracts. Every contract could be worth millions of dollars to the construction company, and this article explains how local contractors build confidence in new developments.

#1: Why Would The Government Lean On Local Companies?

There are more than enough local construction companies to handle every job, and government contracts are given to companies that the locals know. Seeing the banner for a construction company that is common helps build confidence in government buildings. The citizens of the city relate the name of a company such as Sundance with quality, and the government is given credit for choosing a company that can produce quality work.

#2: How Much Money Is Involved?

Every government contract is worth millions of dollars to the company that is chosen, and the millions are used to create jobs. The majority of construction workers in the city are employed full-time by construction firms, and more workers are living a middle class lifestyle because of government contracts. The federal government feels a responsibility to help create jobs, and many jobs are made every time a new contract goes out.

#3: Who Pays First?

Companies such as Sundance spend quite a lot of money upfront for every job, and the government pays when the building is complete. Smaller companies that need large deposits are often not considered for federal contracts, and companies that can pay for things up front are much more likely to move quickly. The government plans to have buildings open on a certain timeline, and that timeline cannot be broken.

Government contracts for construction are extremely important for people living in DC. The Metroplex is filled with people who live and work in government buildings every day, and the government counts on a choice few companies to …

Skyscrapers in NYC

When it comes to buildings, New York tops the list. Before the end of the 19th century, space in Manhattan was becoming a problem to property developers. This made them start erecting taller towers like the Empire State Building thats managed by the ESRT to utilize the available space maximally. The course was not in vain as in the 20th century; more than eight skyscrapers in New York were ranked in the list of the world’s tallest building. Since then, several iconic and historical buildings followed, combining sophisticated architectural designs and high-end decor.
Here are some of the cities with most exciting skyscrapers;

40 Wall Street

The building was erected in 1929 to house the headquarters of the Bank of Manhattan. The tower was intended to be the world’s tallest building, but Chrysler surpassed it, which was under construction during the same period. The Chrysler building became taller than anticipated scooping the title of the world’s tallest building.

70 Pine Street

Before the beginning of the Great Depression during the New York’s skyscraper-building frenzy, an elegant 67-storey start –of-art building was completed in lower Manhattan. The tower iterates the neo-gothic style with the splendid marble and bronze entryway. The building also features an akin to Art Deco, a style that came to take the world by storm in the mid-1920s.

Chanin Building

The design and construction of the Grand Central Terminal boosted the economic activity of the region setting it as fertile ground for iconic skyscrapers. The first building to be erected in the area was the 1929 Chanin building. The building was named after its developer, one Irwin S. Chanin. The tower features a unique art-deco style crown, made up of various buttresses. At night, the magnificent illumination made of reverse-lit floodlights positioned at the top of the tower can be seen from a distance of more than 70km away.

Chrysler Building

The building’s elegant architectural design modeled to resemble a radiator grill, not only allowed the building to surpass the 40 Wall Street building but made it one of the most beloved skyscrapers in New York.

The Chrysler …

A New Frontier in the Law World

“I object, your Honor,” shouts an excited man in a dark suit before a packed courtroom. This is the image most people have of an attorney, and while such careers do exist in law, the general public is largely unaware that a whole other “world” of law exists–white-collar criminal law. While famed criminologist E.H. Sutherland first coined the term “white-collar crime” in 1939, it was a largely ignored area of the law for many years after. This began to change in the 1970s as disillusionment with the government and influential people grew during the Watergate scandal. This political event combined with other cultural trends of the time to set the stage for increased legal scrutiny of corporations and business practices. As a result, “white-collar crime” is today the fodder for headlines, and has spawned a growing focus of the legal profession to bring justice to those accused of breaking the law in the business world.
One of this new generation of attorneys specializing in this field is Sean Hecker, a partner in Debevoise & Plimpton LLP’s white collar practice group in New York. Recently, Hecker sat down with Law 360 in a question and answer session and gave an insider’s perspective on the life of a white-collar criminal lawyer. Hecker revealed that a most difficult aspect of the profession is the grueling demands of some cases. Due to the global nature of business in the modern world, an investigation into alleged white collar crime can take an attorney all over the world. He recalled a most difficult case that required him to travel to Europe and Asia nearly weekly for a two-year period.
Hecker noted that another aspect that makes modern white collar criminal practice challenging is the outdated sentencing scheme for such crimes. The legal codes of many nations do not make a clear distinction between white collar crimes and other types of illegal activity, which leads to some extreme sentences. For example, in China a person convicted of certain white collar crimes can face the death penalty. Even the United States has not avoided such problems Hecker …

Using a Head Hunter- What You Need to Know

Recruiters are experts who help job seekers to find a job as well as companies seeking employees to find the right workers for the job. Recruiters work within an organization or on an outsourced basis. In most cases they are outsourced, so they work as third parties and are also known as head hunters.

Benefits of working with a recruiter

As a job seeker, you are sure to help a lot if you collaborate with a head hunter. One of the advantages is that you are certain to get a job because they have networks of job opportunities. Recruiters will get high paying jobs for you because they also want to get a good commission.

Tips when working with a recruiter

If you need to get the best out of a recruiter, you need to have a good relationship with them. It is important that you note other important guidelines that will help you when working with a recruiter.

Hire a recruiter who specializes in your field

Most head hunters specialize in various areas and different industries. Thus, you will benefit if you get a recruiter who specializes in your field or your industry. You can get a list of recruiters specializing in your industry from a directory of recruiters or online.

Understand how the recruiter works

Know that some recruiters keep a backlog of resumes then turn to them when a client wants employees. However, other recruiters use fresh candidates whenever a job opportunity comes up. The latter does not use resumes unless they cannot find any other suitable candidate.

Customize your communications to meet each recruiter’s preferences

A cover letter and an exceptional resume will make you outstanding. However, it is important that you contact each head hunter and understand their preferences on the cover letter and resume. Find out that on their websites as well as how they like the materials submitted. Find out how each head hunter would like you to contact them; either by phone or by email.

Make it easy for head hunters to get you

Most recruiters prefer that you do not contact …