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Skadden Arps relocation site is all rumors, no lease

Written By kom nampuldu on Rabu, 27 Agustus 2014 | 20.49

Despite what you may have read elsewhere and heard repeated ad nauseam, pioneering law firm Skadden Arps has not signed a letter of intent or even fist bumped an agreement to move from Times Square to the first of Brookfield's Manhattan West office buildings.

We heard this weeks ago, and confirmed on Tuesday that Skadden is still examining options that do include Manhattan West but also downtown buildings and even staying put.

Skadden moved to the top of the Durst Organization's 4 Times Square when area was still in its grittier days.

The lease signed in 1996 ends in May 2020, but its five-year renewal option requires a two-year notice. In other words, Skadden has another four big years to make up its mind about this already technologically outdated space.

Brookfield has been consistent in stating that if an anchor tenant signs this year, this first 67-story Manhattan West building on the southwest corner of Ninth Avenue and West 30th Street can be delivered in 2018.

It could take another six months to a year to build out what would be roughly 500,000 square feet in the 2 million-square-foot tower.

Facing the loss of Skadden, it looks like Durst is now making a strong play to keep it so he won't have the entire building up for grabs. Skadden would then rotate floors while they are all updated.

Four Times Square's other major tenant, Condé Nast, is already moving to One World Trade Center, and the Port Authority will make up to five years of its remaining lease payments while Durst tries to find another tenant.

Skadden is represented by a team led by Jones Lang Lasalle's tri-state president, Peter Riguardi, while the Brookfield-owned Manhattan West is represented by Bruce Mosler's team at Cushman & Wakefield.

All of the parties, along with Durst and Skadden, declined to comment or failed to return requests for comment.

As we advised in April, when Skadden's short list was either 3 Hudson Blvd. downtown or Manhattan West, Skadden needs about 50,000 square feet for back-office space. Brookfield has that in the nearby 450 W. 33rd St., which is undergoing a façade lift with larger glass windows and will be considered part of the Manhattan West campus.

Stay tuned as the space wars continue.



RXR Realty's 99-year lease for 75 Rockefeller Plaza has finally kicked in.

In December 2012, RXR, led by CEO Scott Rechler, completed the terms of the $420 million lease on the Midtown office building through Cushman & Wakefield from Egyptian-born billionaire Mohamed Al-Fayed's Fosterlane Holdings.

The 630,000-square-foot building will be completely renovated "from soup to nuts," said Bill Elder, managing director of the city for RXR, who declined to discuss anything about the transaction itself.

But Elder was more than happy to brag about the renovations. "It will be a brand-new building with a clean historical façade," he said.

Kohn Pedersen Fox is overseeing the job that includes new mechanicals, risers, electric and redesigned retail storefronts, plus landscaped terraces.

"It will be absolutely beautiful," said Elder.

The most modern building in Rock Center, it was developed in 1947 as the home of Standard Oil.

RXR previously tapped Cushman & Wakefield to oversee leasing, and a 17th-floor marketing center will open at the end of September.


The Metropolitan Transportation Authority has renewed a lease for 34,000 square feet at 469 Seventh Ave. The deal includes the entire 11th and 14th floors.

Jodi Roberts and Josh Kuriloff of Cushman & Wakefield represented the MTA in the renewal.

The building is owned by Eric and Marty Meyer, and Dan Shavolian of Foremost Real Estate.

The Meyers, who are both principals with Colliers International, arranged the lease with an asking rent somewhere in the $50s-per-foot range.

With the completion of this renewal, remaining spaces include the 17,000-square-foot 15th and 16th floors; a 2,000-square-foot penthouse; and a 10,000-square-foot roof-deck left to lease.

Go get 'em.


20.49 | 0 komentar | Read More

SEC charges Lucarelli with scamming $1M via press releases

Now he's really on the inside.

Michael Dupre Lucarelli, a former executive at Manhattan investor relations firm Lippert/Heilshorn, was charged with making almost $1 million in fraudulent profits by trading on his early access to companies' press releases.

The alleged insider trading happened before small, publicly traded companies announced earnings, mergers or trial-drug results, according to a complaint filed by the Securities and Exchange Commission.

FBI agents approached Lucarelli's boss, Keith Lippert, on July 22, asking him to monitor the alleged scammer, and asked that they keep him employed until their investigation was over, Lippert said.

"They had done their homework," Lippert told The Post.

Lucarelli was in charge of putting investors and clients together during road shows that weren't a part of any specific deal, Lippert said.

Lucarelli is no stranger to controversy, having once worked for the boiler-room operation H.J. Meyers, and he was forbidden by a regulator from having any contact with registered brokers, according to records.

Messages left at Lucarelli's house, and to his lawyer Patrick McGinley, went unanswered.


20.49 | 0 komentar | Read More

A big stink over a CBS hippo

Is Bert the Farting Hippo — the flatulent puppet and "NCIS" mascot — intellectual property?

The whole idea may smell funny to you, but not to Folkmanis, the Emeryville, Calif., puppet company that has been manufacturing the stuffed animal since 2002.

It took only a year for Bert, nee Hippo 1, to begin his extended and ongoing run on "NCIS." His TV appearances have often been accompanied by what Folkmanis — in a suit filed Monday against "NCIS" network CBS and others — describes as the "dubbed sound effect of a fart."

So Hippo 1 was renamed, and Bert the Farting Hippo (with an added sound effect) it became.

"This hippo stuffed animal actually makes noises," proclaims a more recent ad for one of the CBS Store's "best sellers."

Folkmanis charges the CBS replacement puppets made in China are "slavish copies" that have cost it $733,000 in lost profits.

CBS didn't respond to a request for comment, but its online store has already removed the subject of Folkmanis' intellectual-property action.

A search for Bert the Farting Hippo conducted on Tuesday yielded: "Sorry. The page or product you were looking for is currently unavailable."


20.49 | 0 komentar | Read More

Al Sharpton is now a fat shamer

He lost more than half his body weight — and now the Rev. Al Sharpton is a fat shamer!

The civil-rights leader and host of MSNBC's "Politics Nation" regularly pokes fun at his fat followers and friends, The Smoking Gun reports after examining comments he's made before his organization, the National Action Network.

"Every fine girl is two big Whoppers away from being obese," he said after meeting an old high-school crush who had ballooned to almost 300 pounds.

At a May rally against Boko Haram outside the United Nations, Sharpton told his fellow protesters, "A lot of y'all ain't doing nothing but going to lunch. And most of y'all don't need no lunch. Y'all need to walk over to the UN and lose some weight anyhow."

Sharpton, who once tipped the scales at 305 pounds, lost 30 pounds during a prison hunger strike in 2001, but began his real body transformation in 2009, ditching his infamous track suit for a more tailored look. He now weighs 138 — a drop of 167 pounds from his heaviest.

He owes the dramatic weight loss to a super strict diet that relies mostly on fruits and veggies.

"I gave up meat, I started watching my diet, I work out," Sharpton said on the "Today" show in October 2013. He eats fish twice a week and doesn't eat anything after 6 p.m.

Every fine girl is two big Whoppers away from being obese. - Rev. Al Sharpton


"Since I lost weight, I talk about fat folk real bad," Sharpton said at a meeting for a fashion show organized by his daughter, Ashley, in April. "I like keeping fat folk around me so I can just talk about them."

While eating at famed Harlem soul-food restaurant Sylvia's, Sharpton was disgusted when he watched a woman scarf down half a fried chicken, two sides and a dessert.

When she "had the nerve" to ask for Sweet'N Low, Sharpton couldn't contain his anger.

"I just got mad," Sharpton said. "So I couldn't take it anymore and said, 'Miss, lemme ask you something. All of that you took, what do you need Sweet'N Low? I mean, you just make yourself feel better? You might as well pour the whole bag of sugar in the cup."

Sharpton did not respond to a request for comment about the cracks.


20.49 | 0 komentar | Read More

Time Warner Cable suffers massive nationwide outage

NEW YORK  — Time Warner Cable says a problem that occurred during routine maintenance caused a nationwide outage of its Internet service for hours on Wednesday morning.

The company says it is still investigating the cause of the problem, which occurred with its Internet backbone, the paths that local or regional networks connect to in order to carry data long distances.

The company says the problem affected all of its markets and started at 4:30 a.m. and was largely restored by 6 a.m., and updates continue to bring all customers back online. The outage sparked widespread complaints on social networks.

Time Warner Cable, which is in the process of being bought by rival Comcast Corp. for $45 billion, has about 11.4 million high-speed data subscribers in 29 states nationwide.

On Tuesday, the Federal Communications Commission said Time Warner Cable, based in New York, would pay $1.1 million to resolve outage reporting violations.


20.49 | 0 komentar | Read More

SEC charges Lucarelli with scamming $1M via press releases

Now he's really on the inside.

Michael Dupre Lucarelli, a former executive at Manhattan investor relations firm Lippert/Heilshorn, was charged with making almost $1 million in fraudulent profits by trading on his early access to companies' press releases.

The alleged insider trading happened before small, publicly traded companies announced earnings, mergers or trial-drug results, according to a complaint filed by the Securities and Exchange Commission.

FBI agents approached Lucarelli's boss, Keith Lippert, on July 22, asking him to monitor the alleged scammer, and asked that they keep him employed until their investigation was over, Lippert said.

"They had done their homework," Lippert told The Post.

Lucarelli was in charge of putting investors and clients together during road shows that weren't a part of any specific deal, Lippert said.

Lucarelli is no stranger to controversy, having once worked for the boiler-room operation H.J. Meyers, and he was forbidden by a regulator from having any contact with registered brokers, according to records.

Messages left at Lucarelli's house, and to his lawyer Patrick McGinley, went unanswered.


18.18 | 0 komentar | Read More

Apple to expand iPad screens to 12.9 inches

Apple's new "bigger is better" mantra may soon apply to the iPad.

The gadget maker is working on a new iPad with a 12.9-inch screen that is expected to begin production next year, Bloomberg News reported, citing Apple suppliers.

That's three inches beyond its full-size 9.7-inch iPad and almost an inch larger than Microsoft's Surface 3 tablet, which comes with a keyboard and is marketed to corporate clients that rely on Microsoft Office software.

The report comes as Apple pushes for a bigger slice of the corporate sales pie. Last month, Apple unveiled a partnership with IBM to target business customers. At the time, Apple CEO Tim Cook said the collaboration was a "catalyst for future iPad growth."

Sales of the gadget could use a boost. Apple sold 9 percent fewer iPads in the quarter ended June 30 compared to the same period a year ago — and 19 percent less than the previous quarter.

The decline is expected to worsen due to cannibalization if Apple makes good on rumors of introducing a 5.5-inch iPhone next month to compete with bigger-screen phones from Samsung.

A "super tablet" that more closely resembles a full-fledged computer also jibes with a rise in Mac sales. Despite the tablet slowdown, Apple's Mac sales for the June quarter soared 18 percent.

The surge was driven by sales of the lightweight, portable Macbook Air, which got a $100 price cut earlier this year that pushed the cheapest model to under $1,000 for the first time.


18.18 | 0 komentar | Read More

A big stink over a CBS hippo

Is Bert the Farting Hippo — the flatulent puppet and "NCIS" mascot — intellectual property?

The whole idea may smell funny to you, but not to Folkmanis, the Emeryville, Calif., puppet company that has been manufacturing the stuffed animal since 2002.

It took only a year for Bert, nee Hippo 1, to begin his extended and ongoing run on "NCIS." His TV appearances have often been accompanied by what Folkmanis — in a suit filed Monday against "NCIS" network CBS and others — describes as the "dubbed sound effect of a fart."

So Hippo 1 was renamed, and Bert the Farting Hippo (with an added sound effect) it became.

"This hippo stuffed animal actually makes noises," proclaims a more recent ad for one of the CBS Store's "best sellers."

Folkmanis charges the CBS replacement puppets made in China are "slavish copies" that have cost it $733,000 in lost profits.

CBS didn't respond to a request for comment, but its online store has already removed the subject of Folkmanis' intellectual-property action.

A search for Bert the Farting Hippo conducted on Tuesday yielded: "Sorry. The page or product you were looking for is currently unavailable."


18.18 | 0 komentar | Read More

Formerly sizable Sharpton now pokes fun at fat friends

He lost more than half his body weight — and now the Rev. Al Sharpton is a fat shamer!

The civil-rights leader and host of MSNBC's "Politics Nation" regularly pokes fun at his fat followers and friends, The Smoking Gun reports after examining comments he's made before his organization, the National Action Network.

"Every fine girl is two big Whoppers away from being obese," he said after meeting an old high-school crush who had ballooned to almost 300 pounds.

At a May rally against Boko Haram outside the United Nations, Sharpton told his fellow protesters, "A lot of y'all ain't doing nothing but going to lunch. And most of y'all don't need no lunch. Y'all need to walk over to the UN and lose some weight anyhow."

Sharpton, who once tipped the scales at 305 pounds, lost 30 pounds during a prison hunger strike in 2001, but began his real body transformation in 2009, ditching his infamous track suit for a more tailored look. He now weighs 138 — a drop of 167 pounds from his heaviest.

He owes the dramatic weight loss to a super strict diet that relies mostly on fruits and veggies.

"I gave up meat, I started watching my diet, I work out," Sharpton said on the "Today" show in October 2013. He eats fish twice a week and doesn't eat anything after 6 p.m.

Every fine girl is two big Whoppers away from being obese. - Rev. Al Sharpton


"Since I lost weight, I talk about fat folk real bad," Sharpton said at a meeting for a fashion show organized by his daughter, Ashley, in April. "I like keeping fat folk around me so I can just talk about them."

While eating at famed Harlem soul-food restaurant Sylvia's, Sharpton was disgusted when he watched a woman scarf down half a fried chicken, two sides and a dessert.

When she "had the nerve" to ask for Sweet'N Low, Sharpton couldn't contain his anger.

"I just got mad," Sharpton said. "So I couldn't take it anymore and said, 'Miss, lemme ask you something. All of that you took, what do you need Sweet'N Low? I mean, you just make yourself feel better? You might as well pour the whole bag of sugar in the cup."

Sharpton did not respond to a request for comment about the cracks.


18.18 | 0 komentar | Read More

Skadden Arps relocation site is all rumors, no lease

Despite what you may have read elsewhere and heard repeated ad nauseam, pioneering law firm Skadden Arps has not signed a letter of intent or even fist bumped an agreement to move from Times Square to the first of Brookfield's Manhattan West office buildings.

We heard this weeks ago, and confirmed on Tuesday that Skadden is still examining options that do include Manhattan West but also downtown buildings and even staying put.

Skadden moved to the top of the Durst Organization's 4 Times Square when area was still in its grittier days.

The lease signed in 1996 ends in May 2020, but its five-year renewal option requires a two-year notice. In other words, Skadden has another four big years to make up its mind about this already technologically outdated space.

Brookfield has been consistent in stating that if an anchor tenant signs this year, this first 67-story Manhattan West building on the southwest corner of Ninth Avenue and West 30th Street can be delivered in 2018.

It could take another six months to a year to build out what would be roughly 500,000 square feet in the 2 million-square-foot tower.

Facing the loss of Skadden, it looks like Durst is now making a strong play to keep it so he won't have the entire building up for grabs. Skadden would then rotate floors while they are all updated.

Four Times Square's other major tenant, Condé Nast, is already moving to One World Trade Center, and the Port Authority will make up to five years of its remaining lease payments while Durst tries to find another tenant.

Skadden is represented by a team led by Jones Lang Lasalle's tri-state president, Peter Riguardi, while the Brookfield-owned Manhattan West is represented by Bruce Mosler's team at Cushman & Wakefield.

All of the parties, along with Durst and Skadden, declined to comment or failed to return requests for comment.

As we advised in April, when Skadden's short list was either 3 Hudson Blvd. downtown or Manhattan West, Skadden needs about 50,000 square feet for back-office space. Brookfield has that in the nearby 450 W. 33rd St., which is undergoing a façade lift with larger glass windows and will be considered part of the Manhattan West campus.

Stay tuned as the space wars continue.



RXR Realty's 99-year lease for 75 Rockefeller Plaza has finally kicked in.

In December 2012, RXR, led by CEO Scott Rechler, completed the terms of the $420 million lease on the Midtown office building through Cushman & Wakefield from Egyptian-born billionaire Mohamed Al-Fayed's Fosterlane Holdings.

The 630,000-square-foot building will be completely renovated "from soup to nuts," said Bill Elder, managing director of the city for RXR, who declined to discuss anything about the transaction itself.

But Elder was more than happy to brag about the renovations. "It will be a brand-new building with a clean historical façade," he said.

Kohn Pedersen Fox is overseeing the job that includes new mechanicals, risers, electric and redesigned retail storefronts, plus landscaped terraces.

"It will be absolutely beautiful," said Elder.

The most modern building in Rock Center, it was developed in 1947 as the home of Standard Oil.

RXR previously tapped Cushman & Wakefield to oversee leasing, and a 17th-floor marketing center will open at the end of September.


The Metropolitan Transportation Authority has renewed a lease for 34,000 square feet at 469 Seventh Ave. The deal includes the entire 11th and 14th floors.

Jodi Roberts and Josh Kuriloff of Cushman & Wakefield represented the MTA in the renewal.

The building is owned by Eric and Marty Meyer, and Dan Shavolian of Foremost Real Estate.

The Meyers, who are both principals with Colliers International, arranged the lease with an asking rent somewhere in the $50s-per-foot range.

With the completion of this renewal, remaining spaces include the 17,000-square-foot 15th and 16th floors; a 2,000-square-foot penthouse; and a 10,000-square-foot roof-deck left to lease.

Go get 'em.


18.18 | 0 komentar | Read More
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