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1049 5th Avenue
1049 Fifth Avenue is a 23-floor luxury condominium apartment building located on the Upper East Side of Manhattan in New York City. Built in 1928 as the ''Adams Hotel'', the building underwent extensive renovation in its conversion to residential condominiums during the years 1990–1993. When the apartments were first offered for sale in 1991, they were the highest-priced residential apartments ever listed in New York City. Their sale prices set city records in 1993 and 1994. History 1049 Fifth Avenue was built in 1928 as the ''Adams Hotel''. A 23-story beige brick pre-war Functionalist-style structure, its architecture has never been considered particularly distinguished. The ''Adams Hotel'' was the last residence of Hector Guimard, the main representative of Art Nouveau in France. He died in this building May 20, 1942. The building, still known as the Adams Hotel, was sold in March 1957 for $1.4 million (). The buyer was developer Marvin S. Winter, who then leased t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Condominium
A condominium (or condo for short) is an ownership regime in which a building (or group of buildings) is divided into multiple units that are either each separately owned, or owned in common with exclusive rights of occupation by individual owners. These individual units are surrounded by common areas that are jointly owned and managed by the owners of the units. The term can be applied to the building or complex itself, and is sometimes applied to individual units. The term "condominium" is mostly used in the US and Canada, but similar arrangements are used in #By country, many other countries under different names. Residential condominiums are frequently constructed as apartment buildings, referred as well as Horizontal Property. There are also rowhouse style condominiums, in which the units open directly to the outside and are not stacked. Alternatively, detached condominiums look like single-family detached home, single-family homes, but the yards (gardens), building exterio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
85th Street (Manhattan)
85th Street is a westbound-running street, running from East End Avenue to Riverside Drive in the borough of Manhattan in New York City, United States. At Fifth Avenue, the street feeds into the 86th Street transverse, which runs east–west through Central Park and heads from the Upper East Side (where it is known as East 85th Street) to West 86th Street on the Upper West Side. West 85th Street resumes one block south of the transverse's western end. It includes landmarks such as the Lewis Gouverneur and Nathalie Bailey Morris House at 100 East 85th Street, the sidewalk clock at East 85th Street and Third Avenue, the Yorkville Bank Building at 201–203 East 85th Street, Red House at 350 West 85th Street, and Regis High School. History In 1837, the Board of Aldermen of New York City initially voted not to approve, but subsequently approved, the opening of East 85th Street between Third Avenue and Fifth Avenue, which the Committee on Roads and Canals had offered up as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
72nd Street (Manhattan)
72nd Street is one of the major bi-directional crosstown streets in New York City, New York City's borough (New York City), borough of Manhattan. The street primarily runs through the Upper West Side and Upper East Side neighborhoods. It is one of the few streets to go through Central Park via Women's Gate, Terrace Drive, and Inventors Gate, though Terrace Drive is often closed to vehicular traffic. History The street was designated by the Commissioners' Plan of 1811 that established the Manhattan grid plan, street grid as one of 15 east-west streets that would be in width (while other streets were designated as in width). On October 11, 2006, the Belaire Apartments, a 50-story apartment complex located at 524 E. 72nd Street between York Avenue (Manhattan), York Avenue and FDR Drive, was the site of 2006 New York City plane crash, a plane crash involving Cory Lidle's aircraft. Landmarks East Side At Third Avenue, the Tower East apartment block (1960) set a new model for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Boston University
Boston University (BU) is a Private university, private research university in Boston, Massachusetts, United States. BU was founded in 1839 by a group of Boston Methodism, Methodists with its original campus in Newbury (town), Vermont, Newbury, Vermont. It was chartered in Boston in 1869. The university is a member of the Association of American Universities and the Boston Consortium for Higher Education. The university has nearly 38,000 students and more than 4,000 faculty members and is one of Boston's largest employers. It offers bachelor's degrees, master's degrees, doctorates, and medical, dental, business, and law degrees through 17 schools and colleges on three urban campuses. The university is nonsectarian, though it retains its historical affiliation with the United Methodist Church. The main campus is situated along the Charles River in Boston's Fenway–Kenmore and Allston, Massachusetts, Allston neighborhoods, while the Boston University Medical Campus is locate ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Beaux-Arts Architecture
Beaux-Arts architecture ( , ) was the academic architectural style taught at the in Paris, particularly from the 1830s to the end of the 19th century. It drew upon the principles of French neoclassicism, but also incorporated Renaissance and Baroque elements, and used modern materials, such as iron and glass, and later, steel. It was an important style and enormous influence in Europe and the Americas through the end of the 19th century, and into the 20th, particularly for institutional and public buildings. History The Beaux-Arts style evolved from the French classicism of the Style Louis XIV, and then French neoclassicism beginning with Style Louis XV and Style Louis XVI. French architectural styles before the French Revolution were governed by Académie royale d'architecture (1671–1793), then, following the French Revolution, by the Architecture section of the . The academy held the competition for the Grand Prix de Rome in architecture, which offered prize winn ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Louis XIII Of France
Louis XIII (; sometimes called the Just; 27 September 1601 – 14 May 1643) was King of France from 1610 until his death in 1643 and King of Navarre (as Louis II) from 1610 to 1620, when the crown of Navarre was merged with the French crown. Shortly before his ninth birthday, Louis became king of France and Navarre after his father Henry IV of France, Henry IV was assassinated. His mother, Marie de' Medici, acted as regent during his minority. Mismanagement of the kingdom and ceaseless political intrigues by Marie and her Italian favourites led the young king to take power in 1617 by exiling his mother and executing her followers, including Concino Concini, the most influential Italian at the French court. Louis XIII, taciturn and suspicious, relied heavily on his chief ministers, first Charles d'Albert, duc de Luynes and then Cardinal Richelieu, to govern the Kingdom of France. The King and the Cardinal are remembered for establishing the ''Académie française'', and ending ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Investcorp
Investcorp is a global manager of alternative investment products, for private and institutional clients. Founded in Bahrain in 1982, the firm has offices in United States, United Kingdom, Saudi Arabia, Qatar, United Arab Emirates, India, China, Japan, and Singapore. Investcorp's principal client base is in the six countries of the Gulf Cooperation Council, but it also has a growing base of institutional clients in North America, Europe, and Asia. The group's biggest external shareholder is Mubadala Investment Company, a $229 billion Abu Dhabi sovereign wealth fund, which has a stake of 20 percent. The company's main activities include private equity, real estate, and credit management, and has $50 billion worth of assets under management, as of April 2023. Investcorp has 7 asset classes which include private equity, real estate, credit, absolute return strategies, GP stakes, infrastructure, and insurance asset management. History The company was co-founded in 1982 by Ne ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Receivership
In law, receivership is a situation in which an institution or enterprise is held by a receiver – a person "placed in the custodial responsibility for the property of others, including tangible and intangible assets and rights" – especially in cases where a company cannot meet its financial obligations and is said to be insolvent. The receivership remedy is an equitable remedy that emerged in the English chancery courts, where receivers were appointed to protect real property. Receiverships are also a remedy of last resort in litigation involving the conduct of executive agencies that fail to comply with constitutional or statutory obligations to populations that rely on those agencies for their basic human rights. Types of receivership Receiverships can be broadly divided into two types: *those related to insolvency or enforcement of a security interest *those where either: **a person is incapable of managing their affairs and a court has appointed a receiver to ma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Black Monday (1987)
Black Monday (also known as Black Tuesday in some parts of the world due to time zone differences) was a global, severe and largely unexpected stock market crash on Monday, October 19, 1987. Worldwide losses were estimated at US$1.71 trillion. The severity sparked fears of extended economic instability or a reprise of the Great Depression. Possible explanations for the initial fall in stock prices include a fear that stocks were significantly overvalued and were certain to undergo a correction, persistent US trade and budget deficits, and rising interest rates. Another explanation for Black Monday comes from the decline of the dollar, followed by a lack of faith in governmental attempts to stop that decline. In February 1987, leading industrial countries had signed the Louvre Accord, hoping that monetary policy coordination would stabilize international money markets, but doubts about the viability of the accord created a crisis of confidence. The fall may have been acceler ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tax Reform Act Of 1986
The Tax Reform Act of 1986 (TRA) was passed by the 99th United States Congress and signed into law by President Ronald Reagan on October 22, 1986. The Tax Reform Act of 1986 was the top domestic priority of President Reagan's second term. The act lowered federal income tax rates, decreasing the number of tax brackets and reducing the top tax rate from 50 percent to 28 percent. The act also expanded the earned income tax credit, the standard deduction, and the personal exemption, removing approximately six million lower-income Americans from the tax base. Offsetting these cuts, the act increased the alternative minimum tax and eliminated many tax deductions, including deductions for rental housing, individual retirement accounts, and depreciation. Although the tax reform was projected to be revenue-neutral, it was popularly referred to as the second round of Reagan tax cuts (following the Economic Recovery Tax Act of 1981). The bill passed with majority support in both the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gerald Guterman
Gerald Guterman is an international real estate developer and investor. He is one of the largest multi-family apartment owner/operators (78,000+- apartments) and condominium converters in the United States,Oser, Alan S. 1985, "Managing Those 'Occupied' Apartments" ''The New York Times,'' April 7, 1985 converting through 2017, 16,028 rental apartments to cooperative and condominium ownership throughout the United States. He also served as Operations Adviser to the Minister of Privatization, Government of Romania; Chairman, Committee on Romanian Banking & Finance Operations, United States Center for Strategic and International Studies, Washington, DC; Co-Chairman, Committee for Romanian Enterprise Development and Operations, United States Center for Strategic and International Studies, Washington, DC; Operations Advisor to the Interior Minister, Government of Austria; Operations and Financial Advisor to the President, Government of Romania. He is currently the chairman and CEO oGute ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
