Umbrella Security - World News

Kriss, Bayrock agree to settle racketeering lawsuit after 8 years

2018-02-24T09:35:00.019+01:00

Jody Kriss agreed to settle his racketeering lawsuit against Trump Soho developer Bayrock Group, ending a nasty legal battle that stretched nearly a decade. Kriss filed the lawsuit against his former employer in 2010, alleging that Felix Sater and Tevfik Arif’s real estate firm laundered money, evaded taxes and bilked him out of millions. The lawsuit led to years of legal proxy warfare between Kriss and Sater, who denied the accusations and labeled the former […]

Mueller ups Manafort indictment to include mortgage fraud

2018-02-24T09:35:00.017+01:00

Updated: Feb. 22, @ 6:44 p.m.: Special counsel Robert Mueller filed a superseding indictment of Paul Manafort on Thursday, including new charges that Manafort and business partner Rick Gates lied to several lenders in order to obtain mortgages for properties in New York City and Long Island. The 32-count indictment repeats previous charges of money laundering and tax evasion, in addition to the bank fraud counts. Manafort did consulting work for the pro-Russian Ukrainian political party the […]

Frank Gehry on Downtown LA and Barry Diller’s design sensibilities

2018-02-24T09:35:00.015+01:00

Frank Gehry, the architect best known for his undulating designs and well, his frankness, opened up about past projects, bossy clients, the state of development in Los Angeles and New York, and his own future. In an interview with the Commercial Observer, Gehry did not pull any punches. Gehry reiterated his criticisms of the High Line, recalling that he referred to the immensely popular public garden in Manhattan as a “relic, rusting railroad bridge,” when […]

Thor loses most of its stakes in three buildings to GGP over unpaid debt

2018-02-24T09:35:00.013+01:00

Joe Sitt’s Thor Equities lost most of its interest in three Manhattan retail-and-office properties over unpaid debt to its joint-venture partner, General Growth Properties. Thor’s 50 percent stakes in 218 West 57th Street, 685 Fifth Avenue and 530 Fifth Avenue shrank to 0.1 percent, 2.97 percent, and 9.77 percent, respectively, in late 2017. GGP now owns 99.9 percent, 97.03 percent and 90.23 percent of the properties, respectively, up from 50 percent each, the company announced […]

JDS, Largo land $91M construction loan for Chelsea condo development

2018-02-24T09:35:00.011+01:00

Michael Stern’s JDS Development and its partner Largo Investments landed a $91 million loan from Madison Realty Capital to fund the final stage of construction at their Fitzroy condominium development in Chelsea. The new loan replaces a $74.5 million financing package that Santander Bank and First Key Residential provided in 2015. JDS and Largo are building a 10-story, 65,346-square foot condo on the site at 514 West 24th Street. The 14 apartments will average just […]

St. Patrick’s Cathedral making first moves toward selling air rights

2018-02-24T09:35:00.009+01:00

The Archdiocese of New York is moving forward with plans to sell a trove of air rights from St. Patrick’s Cathedral following last year’s rezoning of Midtown East. The church is scheduled in the coming weeks to present a plan to the Landmarks Preservation and local community board for how it will use the proceeds of any air rights deal to maintain the landmarked cathedral, Crain’s reported. It’s a necessary step before inking a deal. […]

How bright are smart buildings?

2018-02-24T09:35:00.007+01:00

Every time a tenant enters or exits a Rudin Management-owned property, the building notices. A sensor in a turnstile near the entrance sends a signal to the property’s operating system, dubbed Nantum. The system can sense sudden shifts in occupancy and quickly adjust its heating and air-conditioning depending on the season. Rudin launched the independent tech startup Prescriptive Data — Nantum’s creator — in June 2016. The Manhattan-based company supplies Rudin’s buildings as well as properties […]

Phew! Millennials are snapping up homes like you wouldn’t believe

2018-02-24T09:35:00.005+01:00

Calm down, realtors: unlike landlines, napkins and video stores, it looks like buying homes will not die out with the millennial generation. First-time buyers comprised 38 percent of single-family home purchases last year, their biggest share in the market since 2000, according to Bloomberg. They bought 2.07 million new homes in total, a 7 percent jump from 2016, and a big reason for this is that the oldest members of the millennial generation have started […]

Commercial brokers, identify every building with retail space using TRData

2018-02-24T09:35:00.003+01:00

As the city’s retail market grows bleaker, commercial brokers have to work even harder to stay afloat. Making cold calls and putting rubber to pavement are necessary steps to making a buck as a retail broker but knowing your market may be just as important. TRData, The Real Deal‘s data services division, can supply a commercial brokerage with every piece of information they’ll need to find the right space for their tenants, whether that be […]

George Kaufman, Manhattan developer who revitalized major film studio, dies

2018-02-24T09:35:00.001+01:00

George Kaufman, a developer who managed one of New York’s largest commercial real estate companies and chaired the studio that houses “Sesame Street”, died Tuesday. He was 89. Born into the business in 1928, Kaufman became president of the Kaufman Realty Corporation at the end of the 1950s. Under his leadership, the company acquired or built dozens of commercial and residential properties in and around New York City and elsewhere throughout the ensuing decades. The […]

Why A.I. companies are paying random strangers to take videos of themselves doing mundane tasks

2018-02-24T09:15:00.009+01:00

Wired's Tom Simonite tells us about the bizarre odd jobs he's performed for A.I. startups, from lying facedown on the carpet to pretending to buy groceries.

Artificial intelligence shows unprecedented detail in global fishing activities

2018-02-24T09:15:00.007+01:00

Researchers are learning more than ever before about the effects humans are having on global fish stocks, thanks to advances in satellite technology and computer software.

'Tiny trash' a big problem for Canada's shorelines

2018-02-24T09:15:00.005+01:00

Small pieces of plastic and foam topped the list of types of litter found along Canada’s shorelines during cleanups last year, beating out the usual winner — cigarette butts.

How many new drugs rely on government-funded science? All of them

2018-02-24T09:15:00.003+01:00

There’s public science in every single new drug. That was the surprising answer to a U.S. senator’s question about how government-funded research is benefitting citizens. But it took a year to come up with the numbers.

Environmental groups pinning hopes on major spending for conservation in budget

2018-02-24T09:15:00.001+01:00

Conservation groups are predicting the federal budget could include up to $1.4 billion to protect land and water in Canada.

Ottawa moves to settle sexual misconduct class action lawsuits against Canadian Forces

2018-02-24T09:13:00.015+01:00

After facing criticism over arguments its lawyers made in court, the federal government is moving to settle proposed class action lawsuits filed by members of the Canadian Armed Forces who allege rampant sexual misconduct, racism and gender discrimination within the military.

Defence chief promises to fix morale tours, plays down allegations of partying

2018-02-24T09:13:00.013+01:00

The military's top general has promised to get to the bottom of what happened on a recent Team Canada tour, but says he has never heard of widespread problems with the morale-boosting trips.

Manitoba signs federal climate-change plan

2018-02-24T09:13:00.011+01:00

After months of agreeing to disagree with the federal government, Manitoba has signed on to the Pan-Canadian Framework on Clean Growth and Climate Change, less than a week before a deadline that would have cost the province $67 million in federal funding. .

Budget to cost pay equity in public sector and federally regulated jobs: source

2018-02-24T09:13:00.009+01:00

The Trudeau government's upcoming budget will account for the costs of pursuing gender equality when it comes to workers' pay in both the federal public service and all federally regulated workplaces, The Canadian Press has learned.

Trudeau promises to meet with MP responsible for inviting Jaspal Atwal to events in India

2018-02-24T09:13:00.007+01:00

Prime Minister Justin Trudeau says he will sit down with Liberal MP Randeep Sarai sometime next week to discuss his invitation of a known would-be assassin to two receptions in India.

Environmental groups pinning hopes on major spending for conservation in budget

2018-02-24T09:13:00.005+01:00

Conservation groups are predicting the federal budget could include up to $1.4 billion to protect land and water in Canada.

Court rejects former child refugee's request to pause deportation proceedings

2018-02-24T09:13:00.003+01:00

Abdoul Abdi, who never got Canadian citizenship while growing up in foster care in Nova Scotia, was detained by the Canada Border Services Agency after serving five years in prison for multiple offences, including aggravated assault.

NDP Leader Jagmeet Singh marries clothing designer Gurkiran Kaur

2018-02-24T09:13:00.001+01:00

Jagmeet Singh, 38, and entrepreneur and fashion designer Gurkiran Kaur, 27, married Thursday night, a NDP spokesperson confirmed.

Hackers are Now Buying Legit SSL Certificates to Hide Malware WebProNews

2018-02-24T09:12:00.071+01:00

Hackers are Now Buying Legit SSL Certificates to Hide Malware WebProNews

What Is Emotet Allentown Hit by $1 Million Malware Attack CIO Today

2018-02-24T09:12:00.069+01:00

What Is Emotet Allentown Hit by $1 Million Malware Attack CIO Today