Fortress Investment Group worked with other entities to buy the Palace Theater in Times Square. They later partnered with Maefield Development to buy the 20 Times Square property. The property was valued at $1.53 billion. Steve Witkoff led a group of investors to buy it for $430 million in 2012. They planned to build a hotel and broke ground in 2015. The EDITION is 39 stories tall and has over 450 rooms. Maefield Development and Fortress Investment Group wanted $1.3 billion for further construction.
Fortress Investment Group helps clients with capital investment, credit, private equity, and real estate strategies. SoftBank Group purchased the company for $3.3 billion in 2017. Fortress was founded by Rob Kauffman, Randal Nardone, and Wesley Edens in 1998. In 2007, it went public with the help of Goldman Sachs and Lehman Brothers. It is the first publicly traded US private equity firm. It received several awards over the years.
The new hotel has 5,000 square feet of space for performances and four available levels for public use or events. It has a fitness club, beer garden, meeting studio, and a restaurant. The venue’s dining area has terrace seating overlooking Times Square. The hotel is planning to lease 76,000 square feet as retail space. The NFL reserved 25,000 square feet of pace for its store.
The investors are calling the hotel, retail, and theater project TSX Broadway. They expect the competed project to have a value of $4.2 billion by 2023. The real estate appraiser, Phillip Ginsberg, said it could be sold for what it is worth. Times Square Edition is predicted to be the most popular hotel for luxury travelers out of the two. The Palace Theater will have 700 rooms, an event space, multiple meeting spaces, and retail space. The theater will be restored, improved, and preserved. Maefield Development and Fortress Investment Group are excited that the project will provide opportunities for the residents, retailers, and tourists.
Fortress Investment Group is an investment management firm that manages alternative assets in credit funds, liquid hedge funds, and private equity. Its headquarters is in New York City.
OSI Group was created in 1909 when a German Immigrant by the name of Otto Kolschowsky decided to open up a deli and meat market in the west side of Chicago. The company became a local favorite rather quickly, and this motivated him to expand into the wholesale aspect of the business. As the decades passed, Kolschowsky handed the company down to his sons but not before he made a deal with McDonald’s that would change the course of both companies forever. During the 1970’s, OSI built its first facility that was dedicated to serving only McDonald’s, and just a few years later, the company expanded its operations overseas in a combined effort with McDonald’s.
Today, OSI Group continues to expand its company to all parts of the world, and in 2016, it purchased a facility that was being abandoned by Tyson Foods. The facility measures out to 20,000 square feet and is located in a part of Chicago, Illinois where another facility of the company exists. Kevin Scott, senior executive vice president for OSI North America, revealed in an interview that as the needs of the company’s customers change, so will its offerings. Since OSI Group is headquartered in Aurora, Illinois, this facility will help with all of its offerings on a national level.
OSI Group also continues to grow its worldwide operations overseas in Europe where it recently purchased a controlling stake in Baho Food. The company manufactures deli meats, snacks, convenience foods, and other food products and owns five subsidiaries including Q Smart Life, Vital Convenience, and Henri van de Bilt. Baho Food runs plants that exist in different locations in Germany and the Netherlands, which will help OSI to serve a broader base of customers with expanded offerings. David McDonald, president of OSI, had nothing but good things to say about the purchase and is looking forward to working with Baho’s managing director, John Balvers.
OSI Group also acquired Flagship Europe in its effort to better meet the needs of its European customers. The purchase took place in 2016, and OSI renamed the company Creative Foods Europe recently. OSI will now be able to offer its European customer base condiments, frozen poultry, dressings, sandwich fillings, sauces, and mayonnaise. OSI will also be able to help grow the company through its resources and already large customer base. This is often the case with many of the acquisitions that OSI makes.
- Written by: RunningHate
- Category: Business, Businessman, CEO, Flavio Maluf
- Published: August 10, 2018
The economic crisis in Brazil in recent times is affecting many people, not only the employees, but also the bosses and their companies. Reducing costs is the way out – and there, among many other measures, thousands of layoffs enter the country, contributing to the high unemployment rate. However, we need to think about fairer and more efficient alternatives.
For businessman Flavio Maluf, managing taxes better is one of them.
In Brazil, companies usually pay up to 34% of taxes on the value of profit, but entrepreneurs know that considering issues such as labor costs, taxes, and other obligations, this figure reaches a much higher number. Whoever wants to survive the crisis needs to seek more profitability and run after reductions, starting with good planning. Learn more about Flavio Maluf on ideamensch
There are some ways for companies to reduce taxes, including:
The Tax Planning Itself
Executive Flavio Maluf explains that the main types of taxation are three – National Simple, Presumed and Real. The choice needs to be made accurately and consciously, through efficient analysis, to choose the best path.
In a tax planning, the analysis and the application of a collection of actions, according to the businesses, with the legal acts or with the situations, aiming to provide the reduction of the tax burden.
Pay Attention to Tax Recoveries
It is essential for companies to be attentive to the credits they are entitled to, says Flavio Maluf. Within the tax system, charges are often made in improper ways, this causes a considerable increase in the value of taxes. PIS / Pasep, ICMS, IPI, and Cofins are some tax payments that can be recovered and will contribute to reducing the tax burden.
It is recommended that a consulting company be hired to raise credits that may not have been considered in the calculation for each month due to the lack of an infralegal standard.
Investing in Tax Incentive Tools
Tax incentive tools are actions that contribute to the economic development of a region or particular industry. There are many forms of tax incentives, points out Flavio Maluf, as actions in sports and culture, and even laws that propose regional growth. This reduces the amounts to be paid, however, you need to be concerned with a specialist follow up.
Pay Attention to the Time of Framing the CNAE
Registering properly in government entities from the beginning of a company is a way to avoid paying for wrong taxes, or even to take future fines on account of the mistake. Choosing the National Classification of Economic Activities (CNAE) represents the tax burden that must be paid, and it is important to do it properly.
Try to Reduce APF
The Accident Prevention Factor (APF) is an instrument on health and safety at work. It is an index that represents a good part of the labor expenses of the companies, it can vary according to the number of occurrences and the branch of the business activity. However, Flavio Maluf points out that the values of this factor can be minimized. It is possible to request a review of the APF collection heat and try to reduce the costs of the company.
- Written by: RunningHate
- Category: Bank, Banker, banking and finance, Business, Businessman, investors
- Published: July 6, 2018
Anil Chaturvedi graduated from Meerut University where he studied bachelors of arts degree in economics. He has spent the better part of his life as a banker and also as a financial adviser in various parts of the United States Of America. Anil started working in India as the manager of the state bank of India and he made sure the bank profit increased hence gaining great recognition whereby he was even named as the man of the year by his colleagues. He has since then worked in some of the biggest banks in the world where he holds the highest positions.
Anil Chaturvedi’s marketing strategy has helped him draw a huge population in Hinduja bank where he is currently working as the banks managing editor. Quite a number of banks have chosen to ask for advice from Anil considering his experience in the banking industry and through the good reputation that he has earned, he is trusted to be the best adviser. Anil Chaturvedi had an aim of bringing more businesses from India to settle in Europe. His clients say that the main reason Anil’s advises on banking and investments is taken seriously is because most of them have met fake advises and they ended making huge loses in their business.
Anil Chaturvedi’s advise to bankers is that banking and investments require patience and persistence in order to face the challenges associated with banking. He says that everything in life needs to be faced with a positive mind and he, therefore, adds that his journey has not been so easy as it may look but by the help of his education that he managed to go through with a handful of difficulties, have also contributed to his success in the banking field. He currently working at Merril Lynch where he says that he will be working or the next 15 to 18 years. He is currently living in Geneva.
Michael Lacey was born and raised in New Jersey. He attended school in the late 1960’s at the University of Arizona state.
He dropped out in 1970 to join a group of students in publishing opening matter of Phoenix new times as retort to the ultra-conservation home-grown media’s exposure of campus anti-war complaints. Lacey became the executive editor at the New Times while Larkin headed the advertising department. They worked together to expose both social and political issues affecting the country in this newspaper. Learn more about Jim Larkin and Jim Larkin: http://www.laceyandlarkinfronterafund.org/about-lacey-larkin-frontera-fund/michael-lacey/ and http://www.phoenixnewtimes.com/news/lacey-larkin-speak-out-on-trump-pardon-of-arpaio-9879938
Jim Larkin, John Brunst, and Scott Spear were arraigned as defendants at Sandra Day United State courthouse in Arizona before magistrate Bridget Bade. The three were accused of being involved in money laundering.
Spear and Larkin had been also accused of facilitating and devising on prostitution. The three suspects pleaded not guilty and two of them were released. Larkin was however left behind pending hearing.
Michael Lacey was also arrested by some law enforcement officer days before his marriage party celebrations which were to be held at his home in Paradise Valley. This veteran newspaperman’s house was invaded by the FBI days before this celebration and according to passers-by and witnesses; Lacey’s belongings were carted away by the FBI agents during the raid. The FBI agents also raided Jim Larkin, who was lacey’s partner in business for a couple of years, Paradise Valley home.
Larkin and Lacey owed a seventeen alternative weeklies news empire together that emerged from initiating the flagship Phoenix News-Times in 1970. Joe Arpaio conducted Lacey and Larkin arrests. The two vended chain, which was by then known as the Village Voice Media (VVM), but still held on to their interest in the giant online listing Backpage.com which excluded VVM from the deal. The FBI also seized the Friday’s back page after the raid.
The company denied the allegations of it being a sex trafficking facilitator and an online brothel. In 2015, Lacey and Larkin ventured their Backpage interests to Carl Ferrer, the CEO. The 93-count accusation is said to have involved seven individuals, but only Lacey and Larkin’s names were tabled at the time.
Larkin and Lacey filled a lawsuit for wrongful arrest which saw them awarded three million, seven hundred and fifty dollars as compensation which was paid by Maricopa County. In 2017, Larkin and Lacey initiated Front Page Confidential which they used to analyze and provide news on issues pertaining to the first amendment.
The move by the government to suppress the website and the arrests made are a clear indication of assaults on the press freedom. Cambria, who is highly knowledgeable in first amendment jurisprudence, said that his client would plead not guilty to all accusation during the hearings that had been set by the court. Read more: Jim Larkin | Crunchbase and Michael Lacey | Twitter
According to Cambria, the FBI’s move of eliminating the Backpage was an act of suppression of media freedom and he expressed his believe in the release of Lacey and Larkin. He also stated that the acts by the government were unconstitutional and he was ready to go head on to ensure the release of the two.
Louis R. Chenevert: The former Chairman and CEO of UTC.
Before his retirement in late 2014, Louis R. Chenevert worked as the chief executive officer of the United Technologies Corporation (UTC). He had been in the office for six years. Prior to his promotion to serve as the CEO and chairman of the firm, Mr. Louis was the chief operating officer of the company for almost two years.
Mr. Louis Chenevert also has a 14- years’ experience from working at General Motors. At General Motor he held the position of a Production General Manager. He had also worked at Pratt and Whitney. He worked there as the firm’s president. The company really improved with Mr. Chenevert’s leadership.
After his retirement in 2014, he moved to Sachs Merchant Banking Division. Here, Louis Chenevert worked as the Senior Industry Advisor for two years. He has as well been a part of the US- India CEO Forum. Louis Chenevert has also served various numerous positions in a number of companies and foundations all through his career.
Mr. Chenevert attended the University of Montreal. He graduated with a Bachelor of Commerce degree in Production management. In 2011, he received an honorary Doctorate from the same university. He has also been serving as one of the Board of Directors of the institution.
The founding and establishment of United Technologies Corporation were from a collection of numerous ideas from a small group of people and major executives. the ideas were formulated primarily through consideration of consumers’ needs. Being able to provide high-quality services to the consumers was another major consideration.
Mr. Chenevert is a technology enthusiast. He as well explains that the company stresses on using the talents at hand and manipulating the available technology in order to surpass their consumer’s expectations in terms of service provision.
The UTC has a net worth of $63 billion. It has been able to stay on top of the boards when it comes to innovations. Their greatest innovation is in aerospace technologies. They have managed to work on their projects without oppressing the employees and without causing any environmental catastrophe.
During Louis Chenevert’s reign of the company, it was able to rise through tough times and even have an increase in the value of over a hundred million dollars in the stock markets.
Jim Larkin and Michael Lacey, two owners of the Phoenix New Times, have given their thoughts about the pardon given to former Maricopa Sheriff Joe Arpaio. The two who spent years investigating accusations of crime against Joe. They know him very well and the actions that he has committed in the line of duty.
To Lacey and Larkin, this is one person who does not need to be part of the free world. He does not believe in freedom of all people, and his place, therefore, deserves to be behind bars. In performing his duties of enforcing the law, he went to the extra extent of disobeying the same laws that he purported to enforce.
Lacey and Larkin had an opportunity to look at the life of Joe Arpaio, and the information they found about him is disgusting. This is a man who spent years torturing immigrants who were living in his county. Read more: Michael Lacey | Crunchbase and Village Voice Media | Wikipedia
Arizona is a border state, and therefore, the number of immigrants from Mexico were too many. Joe Arpaio used this opportunity to set his parallel system of law where anyone he caught in the county illegally was subjected to inhumane treated which culminated in deportation.
Joe Arpaio committed crimes that should land him in jail according to Lacey and Larkin. Some of the crimes they accuse him of perpetrating are corruption, beating, sex crimes, embezzlement of jail money and setting up of illegal concentration camps.
The concentration camps were used to hold up immigrants before they were deported. Life in the concentration camps was, however, hell on earth. The conditions of living were unbearable.
Lacey and Larkin using their media house Phoenix New Times used to expose the actions of Arpaio, but none of their attempts would stop him from committing these crimes. Instead of changing his ways, he stopped the media house from covering his press conferences.
In 2007, Lacey and Larkin had an encounter with Joe Arpaio; he sent officers to arrest them. Each one was taken to a concentration camp established by Joe Arpaio.
The following day after it became apparent the two journalists had been arrested, media fraternity in the country condemned this action so much that Joe Arpaio released them within 24 hours. The county attorney who was a close ally of Joe described the arrest as unfortunate. He said the arrest was uncalled for just like the arrests and deportation of the immigrants. Learn more about Jim Larkin and Michael Lacey: https://about.me/michael-lacey and http://www.laceyandlarkinfronterafund.org/
According to the attorney, every person has a right to live in any part of the country irrespective of whether they are native or not. Even if one is an illegal immigrant, torture is never an excuse. That is a violation of human rights and should be stopped by all means possible. The constitution of the United States protects every person from discrimination even if they are immigrants.
Lacey and Larkin now have a foundation they established to deal with the issue of human rights violations in the state of Arizona. The Frontera fund is meant to support activities of the human right activist in the state. The action of human rights abuse like the ones committed by Arpaio should not be allowed to happen again.
Maricopa County is a county in southern Arizona near the border of Mexico—ground zero for the arrival of illegal immigrants. Being in and near deserts, its temperatures soar up to deadly heights. The harsh climate creates a huge obstacle for those who attempt to cross the border. Some people never make it across alive. Learn more about Jim Larkin and Michael Lacey: http://www.bizjournals.com/phoenix/potmsearch/detail/submission/6427818/Michael_Lacey and http://www.laceyandlarkinfronterafund.org/about-lacey-larkin-frontera-fund/michael-lacey/
There are local organizations that work with each other to put out water and other life-saving resources for people who cross the border. There is an organization called the Lacey and Larkin Frontera Fund that generously donates to organizations like this.
The Fund is owned by two men who are very sympathetic to the cause of immigrants who cross the border—Michael Lacey and Jim Larkin. These two men have written for The Phoenix New Times—a left-winged publication—ever since the early 1970s. Since the 1990s, they have been closely following the actions of Sheriff Arpaio. As a result, Arpaio took an interest in persecuting them. Read more: Phoenix New Times | Wikipedia and Lacey and Larkin Frontera Fund
In 2007, Lacey and Larkin experienced the shock of being manhandled by cops in plain clothes, thrown into vans and taken to separate jails. This happened because they kept poking at Sheriff Arpaio, constantly exposing his wrongdoings on their online publication.
They pursued their case in court and worked out a deal with Maricopa County to be handed over $3.7 million dollars. Upon receiving this money, Lacey and Larkin did not just fade into the woodwork or spend the money on unneeded material items—they founded the Lacey and Larkin Frontera Fund!
What would Sheriff Arpaio think of the Lacey and Larkin Frontera Fund? Well, judging by what kind of ideology he goes by, he would probably not agree with the existence of the Fund. He would probably consider it as the abetment of criminals.
Arpaio kept racially profiling people after he got into trouble for it. As a result, he was held in criminal contempt. Trump pardoned him in 2017, letting Arpaio get off Scott-free. Some people believe that Arpaio was completely correct in his policy to spot and detain potential illegal aliens. Other people, like Lacey and Larkin, opine otherwise.
All over the website for the Lacey and Larkin Frontera Fund, you can find story after story about Sheriff Arpaio. For years, they have been on his butt like glue, digging up every little piece of negative information about him that they can find.
There are also some negative stories about Trump because, of course, Trump is classified as being a total “bigot” in the same way that Arpaio is.
The Reputation Of A Winner Of An M&A Advisor Award
Reputation is everything to the Madison Street Capital firm. The agency is an investment bank that works with international clients and the emerging markets that we’re witnessing abroad.
The world economy is expanding faster than any other economy we know of, and it took the brilliance of this agency to lead the work in foreign markets. Learn more about Madison Street Capital: https://pitchengine.com/madison_street_capital/2017/01/04/madison-street-capital-acts-as-advisor-in-the/002519188290269682183 and http://www.abfjournal.com/dailynews/madison-street-capital-arranges-credit-facility-for-renegade-industrial/
The reputation of the agency stands on a concept that we can uncover in its name. The idea of moving Wall Street is likely something we’ll never see in this lifetime.
Still, the mentality of a new financial street became a momentous idea that continues to propel Madison Street Capital into greater business and with more satisfied clients around the entire globe.
Walking A Long Road To Success
The reputation of Madison Street Capital is built from a long road that was paved by success. The agency’s reputation means a great deal to its staff but not because of pride and arrogance.
The development of a real reputation on Wall Street takes into account performance. You would be rich if given a nickel for everyone who bragged about what they could do.
Bragging takes you nowhere in this industry, so the name of Madison Street Capital had to be built on performance alone. What we now witness is the result of many years of success that’s added to the overall prestige known through the MSC brand. Read
The firm will continue to outshine the financial markets and to win financial awards as the economic seasons end.
The Reputation Ultimately Built
We now see Madison Capital operate on a level as if it has relocated the work of Wall Street to its own backyard.
Every professional and in every field strives to turn what they work at daily into a game and into a larger future than they can possibly imagine. The imagination of Madison Capital also plays a huge part to the reputation it has.
The agency entered the financial platform like every agency has to. This was with a past history of success that it then wanted to extend to others.
The focus Madison Street took was in the international markets and the expanding business potentials found there. The end result is a legacy that moves with the force of Wall Street but located in Chicago, Illinois.