Milwaukee Bucks co-owner lists High Line penthouse for $35 million

An NBA owner is angling for a big flip on the High Line.Wes Edens, who has co-owned the Milwaukee Bucks for more than a decade, has listed his triplex penthouse condo on West 28th Street for a hefty $35 million, according to an ad that appeared Thursday.The billionaire ex-Wall Street executive and major sports team investor paid $20.2 million for the 6,900-square-foot spread in 2020, based on the city register, and so could bank a nearly 75% profit on a deal.But the five-bedroom, five-and-a-half-bath home, which offers a living room with 20-foot ceilings and a gas fireplace, a primary suite with a walk-in closet and a balcony, and a landscaped roof deck with a hot tub, has struggled to find takers before.Indeed, it took five years of marketing by the condo’s developer, The Related Cos., to sell the penthouse to Edens, despite several sizable price cuts over that time frame. Related initially asked $50 million for the unit, which crowns its building, an 11-story, 40-unit development in West Chelsea, before unloading it to Edens for less than half the desired amount, according to StreetEasy data.Along the same lines, Related initially planned to reap $408 million in sales at the condo, a curvaceous and almost spaceshiplike structure designed by late architect Zaha Hadid, according to state offering plan filings. But the developer, which recently scrapped a casino plan for its nearby Hudson Yards megaproject, later downwardly adjusted those expectations to a projection of... Continue reading at 'Crains New York'

[ Crains New York | 2025-06-06 17:20:18 UTC ]

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Microsoft’s TikTok deal: bargain of the decade or a $50bn blunder?

Jury is out on whether video-sharing site could make Microsoft a social media giantAs the clock ticks on Microsoft’s fast-track talks to buy TikTok the jury is out on whether it marks a unique opportunity to become a global social media giant overnight, or a $50bn (£38bn) geopolitically fuelled... Continue reading at The Guardian

[ The Guardian | 2020-08-10 14:21:38 UTC ]
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NBCC Board Gutted as Fallout Over Leaked Emails, Race Issues Widens

The turmoil that roiled the National Book Critics Circle last week continued throughout the weekend and into Monday morning as concerns over matters of race and privacy continue to split the organization's board of directors. As of press time, at least 13 members have resigned from the typically... Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-06-15 04:00:00 UTC ]
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Asurion creates data-science scholarship at historically black university

One of Nashville’s largest privately owned companies is launching an initiative aimed at bringing more diversity into the tech industry.  Asurion has donated $200,000 to create a new data-science scholarship at historically black Fisk University in Nashville, according to a news release.  The... Continue reading at Silicon Valley Business Journal

[ Silicon Valley Business Journal | 2020-06-09 17:16:57 UTC ]
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The false ‘debate’ over reopening America

On March 24, President Trump told a Fox News virtual town hall that he’d love to have America “opened up and just raring to go” by Easter. Bill Hemmer, who was hosting, chuckled, and said that would be “a great American resurrection.” Later the same day, during a second appearance on Fox, Trump... Continue reading at Columbia Journalism Review

[ Columbia Journalism Review | 2020-04-13 12:02:48 UTC ]
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Somali Authorities Shut Down Radio Station City FM, Seek to Question Owner

On December 19, police in Jowhar, the capital of Hirshabelle state, raided the privately owned City FM broadcaster, briefly detained Continue reading at Editor & Publisher

[ Editor & Publisher | 2019-12-23 23:00:13 UTC ]
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The Two Lives of One Woman: On Guzel Yakhina’s “Zuleikha”

WHEN I WAS a student in Perm, Russia, my university friend told me that her grandparents were kulaks. The term dates back to the era of collectivization, a harsh agrarian reform that took place in the Soviet Union between the late 1920s and the early ’30s. Hitherto privately owned land and... Continue reading at Los Angeles Review of Books

[ Los Angeles Review of Books | 2019-12-14 18:00:21 UTC ]
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Chinese buyer of British Steel looks to grow abroad

Purchase of British Steel gives privately owned Chinese steelmaker Jingye chance to grow outside home market dominated by giant state-owned mills Continue reading at ABC News

[ ABC News | 2019-11-13 11:03:39 UTC ]
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Agency Brief: get into the weeds of the latest wins, hires and acquisitions

Judging by the dozens of cannabis pitches I receive weekly, weed—which is increasingly gaining recreational legal status across the U.S., despite the hundreds of thousands of people who continue to be arrested for it every year—is ripe for advertising opportunities. Here’s one standout cannabis... Continue reading at Advertising Age

[ Advertising Age | 2019-10-04 20:07:05 UTC ]
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No damage to 'Sunday Night Football' ratings as Pats mangle Steelers

Given the savagery with which New England Patriots dispatched the Pittsburgh Steelers, NBC executives would have been forgiven for thinking that last night’s “Sunday Night Football” opener would disappoint on the ratings front. And while viewers began tuning out once Tom Brady and Co. had... Continue reading at Advertising Age

[ Advertising Age | 2019-09-09 22:50:19 UTC ]
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Truly enlists Keegan-Michael Key in a battle for seltzer supremacy against White Claw

Forget Coors Light versus Bud Light. The most compelling alcohol brand battle this summer is Truly against White Claw, the two dominant brands in the sizzling-hot alcoholic seltzer category. Neither is owned by brewing behemoths Anheuser-Busch InBev or MillerCoors, which have struggled to... Continue reading at Advertising Age

[ Advertising Age | 2019-08-12 08:00:00 UTC ]
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'Rooster Bar' author John Grisham sinks his teeth into a juicy target: privately owned, for-profit law schools

'Rooster Bar' author John Grisham sinks his teeth into a juicy target: privately owned, for-profit law schools Continue reading at The Christian Science Monitor

[ The Christian Science Monitor | 2017-12-19 00:00:00 UTC ]
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Rep. Duncan Hunter pushes Coast Guard to procure a ship it doesn't want - owned by a top campaign donor

Rep. Duncan Hunter (R-Alpine) has been pushing the U.S. Coast Guard to buy or lease a polar ice-breaking ship owned by one of his top campaign contributors, although officials repeatedly have said the vessel doesn’t meet the service’s needs. The ship in question, the Aiviq, is a privately owned,... Continue reading at Los Angeles Times

[ Los Angeles Times | 2016-10-13 00:00:00 UTC ]
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A New Era for Frankfurt

The Frankfurt Book Fair ran from October 8 to 12, wrapping up on Sunday, and while professional attendance appears to have dipped (exact figures were not available at press time), there was a noticeable increase in the enthusiasm of attendees. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-10-10 00:00:00 UTC ]
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ALA 2014: ALA Sizzles in Las Vegas

Official attendance figures were not available at press time, but ALA officials said the early numbers were on pace to surpass expectations. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-06-30 00:00:00 UTC ]
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