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1049 Fifth Avenue
1049 Fifth Avenue is a 23-floor luxury condominium apartment building located in the Upper East Side, 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 the building to Leo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Condominium
A condominium (or condo for short) is an ownership structure whereby a building is divided into several units that are each separately owned, surrounded by common areas that are jointly owned. The term can be applied to the building or complex itself, as well as each individual unit within. Residential condominiums are frequently constructed as apartment buildings, but there are also rowhouse style condominiums, in which the units open directly to the outside and are not stacked, and on occasion "detached condominiums", which look like single-family homes, but in which the yards (gardens), building exteriors, and streets as well as any recreational facilities (such as a pool, bowling alley, tennis courts, and golf course), are jointly owned and maintained by a community association. Unlike apartments, which are leased by their tenants, condominium units are owned outright. Additionally, the owners of the individual units also collectively own the common areas of the prope ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
William Starr Miller House
The William Starr Miller House is a mansion at 1048 Fifth Avenue, on the Upper East Side of Manhattan in New York City. Prior to Miller’s development of the property, the site was home to David Mayer (died in 1914), a founder of the David Mayer Brewing Company and a friend of Oscar S. Straus. History It was originally constructed for the industrialist William Starr Miller. Miller hired the renowned New York-based, Beaux-Arts architectural firm Carrere and Hastings to design a six-story Louis XIII style townhouse for himself and his family, to be located in Manhattan at 1048 Fifth Avenue (on the southeast corner at East 86th Street). The work was completed in 1914. Miller's daughter Edith Starr Miller married the widowed Lord Queenborough in July 1921, in the music room. Miller died at the house in 1935 and his widow continued to live there until her death in 1944. After Mrs. Miller's death, the townhouse was occupied by Grace Vanderbilt, wife of Cornelius Vanderbilt III, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rosario Candela
Rosario Candela (March 7, 1890 – October 3, 1953) was an Italian American architect who achieved renown through his apartment building designs in New York City, primarily during the boom years of the 1920s. He is credited with defining the city's characteristic terraced setbacks and signature penthouses. Over time, Candela's buildings have become some of New York's most coveted addresses. As architectural historian Cristopher Gray has written: "Rosario Candela has replaced Stanford White as the real estate brokers' name-drop of choice. Nowadays, to own a 10- to 20-room apartment in a Candela-designed building is to accede to architectural as well as social cynosure." Life Early life and education Born in Montelepre, Italy in 1890, Candela immigrated to New York in 1906. He returned to Italy after his arrival to study there and returned to the US in 1909. His father was Michele Candela, a plasterer, and his mother was Josephine Pizzurro. He gained admission to the Columbi ... [...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's 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 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 and the FDR Drive, was the site of 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 high-rise residences: a slab tower set back from the street front and isolated on a low base. The a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Boston University
Boston University (BU) is a private research university in Boston, Massachusetts. The university is nonsectarian, but has a historical affiliation with the United Methodist Church. It was founded in 1839 by Methodists with its original campus in Newbury, Vermont, before moving to Boston in 1867. The university now has more than 4,000 faculty members and nearly 34,000 students, 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 main campus is situated along the Charles River in Boston's Fenway-Kenmore and Allston neighborhoods, while the Boston University Medical Campus is located in Boston's South End neighborhood. The Fenway campus houses the Wheelock College of Education and Human Development, formerly Wheelock College, which merged with BU in 2018. BU is a member of the Boston Consortium for Higher Educati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Beaux-Arts Architecture
Beaux-Arts architecture ( , ) was the academic architectural style taught at the École des Beaux-Arts 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 architecture, Renaissance and Baroque architecture, Baroque elements, and used modern materials, such as iron and glass. It was an important style in France until the end of the 19th century. 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 Académie des Beaux-Arts. The Academy held the competition for the Grand Prix de Rome in architecture, which offered prize winners a chance to study the classical architecture o ... [...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 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 the revolt of ... [...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, and Singapore. Its principal client base is in the six countries of the Gulf Cooperation Council, but it also has institutional clients in North America, Europe, and Asia. The company's main activities involve private equity, real estate and credit management, and has $41.2 billion worth of assets under management, as of March 31, 2022. It typically places the private equity of companies and real estate properties it acquires directly with investors on a deal-by-deal basis and through a fund structure. In addition, the firm operates the Gulf Opportunity Fund investing in the MENA region, and a number of technology funds. Investcorp currently has approximately $22.2 billion in invested assets under management across its four asset classes. ... [...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.Philip, Ken, and Kerin Kaminski''Secured Lender'', January/February 2007, Vol. 63 Issue 1, pages 30-34,36. 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. Receiverships can be broadly divided into two types: *Those related to insolvency or enforcement of a security interest. *Those where either **One is Incapable o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Black Monday (1987)
Black Monday is the name commonly given to the global, sudden, severe, and largely unexpected stock market crash on Monday, October 19, 1987. In Australia and New Zealand, the day is also referred to as ''Black Tuesday'' because of the time zone difference from other English-speaking countries. All of the twenty-three major world markets experienced a sharp decline in October 1987. When measured in United States dollars, eight markets declined by 20 to 29%, three by 30 to 39% (Malaysia, Mexico and New Zealand), and three by more than 40% (Hong Kong, Australia and Singapore). The least affected was Austria (a fall of 11.4%) while the most affected was Hong Kong with a drop of 45.8%. Out of twenty-three major industrial countries, nineteen had a decline greater than 20%. Worldwide losses were estimated at US$1.71 trillion. The severity of the crash sparked fears of extended economic instability or even a reprise of the Great Depression. The degree to which the stock market cras ... [...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 Hous ... [...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 oGuter ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
