Megacontracts boost domestic violence nonprofit’s real estate portfolio

The Urban Resource Institute, which says it is the country’s largest provider of shelter services for domestic violence survivors and their families, has contracted with the city since the organization’s inception in 1980.But two recent policy changes have transformed the group into a growing real estate powerhouse: A 2017 shift made it easier for nonprofits to secure longer contracts, making them more attractive mortgage candidates. Another is a multimillion-dollar loan fund created by Mayor Eric Adams last year to help nonprofits build and own shelters instead of renting space.URI was the first organization to benefit from the fund; it received almost $3.8 million from the Department of Homeless Services to build an 84-unit shelter in the Bronx during the summer.It’s also one of the major players to take its longer contracts to the bank. In the year immediately following the change enabling 30-year contracts, URI’s real estate profile ballooned by 357%. In 2022 URI valued its holdings of land and buildings at $20 million and has an additional $213 million in leases, according to tax documents. And in March URI purchased a $64 million stake in a Bronx development site where it will build a 6-story homeless shelter.Today URI is deeply ensconced in the city’s work, operating 25 temporary housing sites with 1,339 total units across four boroughs. It owns 11 of them, which host 600 units. The organization provides shelter to around 3,500 people on any given night and also... Continue reading at 'Crains New York'

[ Crains New York | 2024-09-16 10:03:16 UTC ]

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HarperCollins wins six-way auction for debut from S&S's Pronovost

HarperCollins has triumphed in a heated six-publisher auction for the debut novel by Nita Prose, the pen name for vice president and editorial director at Simon & Schuster in Canada, Nita Pronovost. Continue reading at The Bookseller

[ The Bookseller | 2020-06-25 11:27:10 UTC ]
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Welbeck appoints Brown as VP of sales and marketing for US

Welbeck has appointed Kim Brown, formerly of Parragon Books, as vice president of sales and marketing for North America. Continue reading at The Bookseller

[ The Bookseller | 2020-06-18 18:08:56 UTC ]
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3 Qualities Advertisers Seek in a Publishing Partner

An inside look at what advertisers look for when selecting print and digital publisher partners. By Kevin Rehberg, Vice President, Continue reading at Editor & Publisher

[ Editor & Publisher | 2020-02-27 18:23:48 UTC ]
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One of the largest book publishers in the world announces new publisher.

Andy Ward has been named a new vice president and publisher at Random House. Formerly editor in chief, Ward moves into the spot long held by the beloved Susan Kamil, who died in September. Ward has edited the likes of David Mitchell, George Saunders, and Imbolo Mbue, and will see his role as... Continue reading at Literrary Hub

[ Literrary Hub | 2019-11-19 15:22:43 UTC ]
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Carmen Maria Machado Has Invented a New Genre: the Gothic Memoir

In the middle of Carmen Maria Machado’s new memoir In the Dream House, CARMEN, stylized in all caps like a play script, sits across from the woman with whom she’s been in an abusive relationship (THE WOMAN IN THE DREAM HOUSE). The scene is set (“the curtain rises”) and we’re shown, “the house... Continue reading at Electric Literature

[ Electric Literature | 2019-11-05 12:00:26 UTC ]
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“In the Dream House,” Reviewed: Carmen Maria Machado’s Many Haunted Stories of a Toxic Relationship

Katy Waldman reviews Carmen Maria Machado’s ”In the Dream House,“ a formally inventive memoir that recounts the author’s experience with an abusive relationship. Continue reading at New Yorker

[ New Yorker | 2019-10-31 17:04:01 UTC ]
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Lime Pictures to bring Duffy's YA debut to television screens

Lime Pictures has acquired television rights for Malcolm Duffy's young adult debut novel, Me Mam. Me Dad. Me., about a young boy trying to make sense of his mother's abusive relationship. Continue reading at The Bookseller

[ The Bookseller | 2019-10-16 00:42:15 UTC ]
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This week's agency moves, hires, and partnerships: October 14, 2019

Serviceplan Group Middle East hired Akhilesh Bagri as executive creative director. Previously, he held positions at BBDO, JWT, Leo Burnett and FP7 on brands including HSBC, Coca-Cola, Mastercard, Emirates Airlines, HSBC, Sony, PepsiCo, Nestle and Mars. Gabriel Guedelha joins The Via Agency as... Continue reading at Advertising Age

[ Advertising Age | 2019-10-14 19:04:03 UTC ]
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Meet Stacy Nethercoat, a 2019 BusinessWoman of the Year honoree

Stacy Nethercoat Vice president, cloud solutions Tech Data Corp. Educational background: Bachelor's of Business Administration, University of Iowa What was your first ever paid job? I worked at a fast food place called "Pans & Irons" What is your favorite movie of all time? The Harry... Continue reading at Silicon Valley Business Journal

[ Silicon Valley Business Journal | 2019-09-11 10:40:59 UTC ]
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UM promotes Deidre Smalls-Landau to U.S. chief marketing officer

IPG Mediabrands’ UM has promoted Deidre Smalls-Landau to U.S. chief marketing officer, effective immediately. She will retain her current position as global head of culture while adding oversight of UM’s strategic branding, platforms and initiatives to her remit. Since joining IPG Mediabrands... Continue reading at Advertising Age

[ Advertising Age | 2019-08-06 16:00:00 UTC ]
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Facebook will launch new Portal models this fall

Facebook has apparently been busy designing new variants of its Portal video chatting devices. According to the company's Vice President of AR/VR, Andrew "Boz" Bosworth, Facebook plans to unveil new Portal models this fall. Bosworth has made the anno... Continue reading at Engadget

[ Engadget | 2019-06-11 05:27:00 UTC ]
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Facebook in 2015: Pivot to video! Facebook today: Local news is dead!

Facebook paints a bleak picture for the media industry, while ignoring its own role in publishing’s demise. Benevolent Doctor Facebook today gave the country a very grave diagnosis via a blog post. The company has found that–wait for it–local news is dying. In fact, Facebook says that about... Continue reading at Fast Company

[ Fast Company | 2019-03-18 00:00:00 UTC ]
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Children’s Books in China 2019: Four Chinese Publishers Discuss Titles That Inspire Them

For Li Xin, vice president and general editor of the children’s book division at Thinkingdom Children’s Books, Leo Lionni’s 'Swimmy' is that book. Continue reading at Publishers Weekly

[ Publishers Weekly | 2019-03-15 00:00:00 UTC ]
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Bloomberg Ends the Tease, Decides Not to Run for President

Strike another one off the long list of possible Democratic 2020 hopefuls: Michael Bloomberg announced Tuesday that he will not run for president. “I believe I would defeat Donald Trump in a general election,” the former New York City mayor wrote in an op-ed published by the news outlet that... Continue reading at Slate

[ Slate | 2019-03-06 00:00:00 UTC ]
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Former NYT editor claims publisher drafted letter “all but apologizing” to China for tough story

The New York Times publisher was reportedly eager to appease the Chinese government because its operation in China was at stake. In her new book Merchants of Truth, former New York Times executive editor Jill Abramson claims that the news outlet’s publisher drafted a letter “all but apologizing”... Continue reading at Fast Company

[ Fast Company | 2019-01-03 00:00:00 UTC ]
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With Nick Bell out, publishers lose a longtime Snapchat ally

Nick Bell, Snapchat's media matchmaker, is leaving the company, a departure that will be felt throughout the publishing world that worked closely with the executive. Bell was one of the early members of Snapchat's team of rising stars, joining the company five years ago when it needed to develop... Continue reading at Advertising Age

[ Advertising Age | 2018-11-13 00:00:00 UTC ]
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Independent editor flies out for meeting with Saudi partner

Staff concerned that Christian Broughton’s trip coincides with ‘Davos in the desert’ conference after Jamal Khashoggi killingThe editor of the Independent has flown to Riyadh to meet with the news outlet’s controversial new Saudi publishing partner despite growing concerns over its links to the... Continue reading at The Guardian

[ The Guardian | 2018-10-25 00:00:00 UTC ]
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Bodour Al Qasimi Announces Candidacy for Vice President of the International Publishers Association

In opening her bid for leadership in the International Publishers Association, the UAE's Bodour Al Qasimi says publishing 'shouldn't be an industry stuck in time in how it treats the majority of its workforce.' The post Bodour Al Qasimi Announces Candidacy for Vice President of the International... Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2018-10-01 00:00:00 UTC ]
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Q&A: Hearst Magazines’ New Chief Content Officer Kate Lewis Wants to Focus on Improving Collaboration

Kate Lewis has been named chief content officer at Hearst Magazines, only the second person to be named to the position. The appointment comes days after Joanna Coles confirmed that she would be departing the company. Lewis first joined Hearst Magazines Digital Media in 2014 as vice president,... Continue reading at AdWeek

[ AdWeek | 2018-08-09 00:00:00 UTC ]
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