Mia Solow ?

I have done this site especially for Mia Solow
in order to visit thishousewillexist.org

Sorry for my poor english translation.




Hedge funds have exploded in Manhattan rents

Although few, hedge funds, which do not look at the expenditure for a breathtaking view of Central Park, now dictate the trend in rents for office property in New York.

"It is they who determine the direction of rents," says Alex Chudnoff, executive director with the distributor Cushman & Wakefield.

Even if their number is actually low compared to the number of enterprises in the financial capital of the United States, hedge funds have large financial resources and are often eager to acquire the best surface to seduce their customers and their employees.

While many hedge funds have chosen the town of Greenwich in the state of Connecticut, location for their headquarters - largely for tax reasons - many people have opted for a performance both in Greenwich and in New York.

HedgeFund.net estimates, about 1,250 hedge funds are domiciled in Manhattan. A hedge fund typically leased the equivalent of 1,000 to 2,000 square feet of office space. Candidates often ask to enjoy a beautiful view of Central Park that often.

In the first quarter of 2007, the average rent in Midtown Manhattan rose 27% year on year to reach 62.89 dollars per square foot (0.1 square meters). Some offices are rented now well beyond $ 100 a square foot, a price considered offensive even a year ago.

"All rents are rising. Rents for Class B are now equivalent to the level of Class A and Class C those in the Class B," says Ben Friedland, at CB Richard Ellis .

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Cushman & Wakefield is to publish figures for the second quarter on Tuesday. The billionaire Sheldon Solow, owner of one of the most prestigious buildings in Manhattan, asks $ 200 per square foot to lease the top floor.

"This is a very special place," said Christopher Kraus, director of estate agent Staubach, referring to the views offered by these offices above the 26th floor of Central Park.

Alex Chudnoff, hedge funds can manage their rent at least two billion dollars in assets.

MARBLE AND COLLECTIONS OF ART

Since the early 2000s, the number of hedge funds is growing rapidly and some of them, their needs have exploded. Some funds have offices with an area exceeding 100,000 square feet (10,000 m²).

Other fund management houses have applied for rental of offices in upscale neighborhoods as less Third Avenue, Lower Madison Avenue, Park Avenue South and Avenue of the Americas.

"There used to be neighborhoods where hedge funds would never want to settle. Now they are ready to go anywhere," said Alex Chudnoff.

Some spend a lot in quality materials and do not hesitate to consent to the construction of kitchens or private bathrooms.

"These are places where the talent search. Hedge funds are willing to have a pleasant environment for their employees to work in good conditions," said Ben Friedland.

"There are a lot of wood, lots of marble, lots of glass. Many private art collections are shown in these offices," he adds.

All these areas must, however, offer less fun but necessary parts such as financial transactions in rooms open space, ventilation facilities for IT and local cooling. A hedge fund with about three billion dollars in assets under management spends on average about 5% of its turnover to the rent real estate, a share comparable to that granted by other companies to lease their offices, Christopher Kraus noted.

The property owner Sam Zell, however, warns that any "hiccups" in the conditions for hedge funds could have painful consequences on the real estate market of Manhattan.

An opinion not shared Chandman Sat, chief economist at research firm Reis estate, for whom the unquenchable thirst for Class A office and the shortage of this type of property should prevent the market from coughing.

"We should have to deal with something a little more serious than a hiccup," he said.

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Collection Portrait of a City

Summary
- Editorial
- New York, images and landscapes
- The island and the gate (from the seventeenth to the mid-nineteenth century)
- The engine of America (the mid-nineteenth century to 1918)
- Visions metropolitan and economic depression (1918-1940)
- Modernization and social redistribution in the capital of the world "free" (1940-1975)
- New York on the eve of its fifth century
- Walks in New York

Author: Jean-Louis Cohen
Born in Paris in 1949, Jean-Louis Cohen is an architect and historian. University professor, he holds the Chair Sheldon H. Solow's Institute of Fine Arts, New York University. He has designed numerous exhibitions at the Centre Pompidou, at the Pavillon de l'Arsenal, the Canadian Centre for Architecture, at the French Institute of Architecture and the Museum of Modern Art, and led from 1998 to 2003 the City project Architecture and Heritage in Paris.

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Editorial
Despite the explosion of large Asian cities - among others - New York City today remains the essential reference for a modern city symbolized by Manhattan's skyscrapers bouquets of the flower which dates from the 1930s, a model that has spread around the world and that has not already, if not in altitude and thermal performance. One forgets that this is far from being the dominant form of architecture throughout the city where buildings are scattered at various heights and where the houses are spread out in endless sheets as soon as one leaves the hyper-center.
Founded in 1624 - it was then New Amsterdam - the city of New York will be from multiple centers, including the city of Brooklyn was established by the Dutch in 1646. The geography of the island and bay commercial promotes his vocation never wavered. Since the nineteenth century, it is a industrial and commercial metropolis in the world, thanks to intense development of maritime networks, river and rail invest all the shores of the bay, the Hudson and East River. First port in the world in the first half of the twentieth century, then it will transfer the leadership in Rotterdam and since 2003 in Shanghai and Singapore. The city, which now has 8.3 million inhabitants, was attended by 1898 its current five boroughs: Manhattan, Brooklyn, the Bronx, Queens and Staten Island. It is very cosmopolitan, like all great ports, but more due to large waves of immigration from various sources, 37% of its current inhabitants were born outside the USA. As for the district, which covers 17,400 km2 and has nearly 19 million people, she enrolled in four states: New York, New Jersey, Connecticut and Pennsylvania.
City Starts perpetual, New York does not just dressed the wounds of World Trade Center and not content to add new tricks on his board. Development projects at the landscape scale is probably one of the most interesting aspects of its renewal during the last decade, as the now famous High Line but also other areas, inherited from wasteland or abandoned industrial port, offering the opportunity of breaths welcoming to new urban practices. - GwQ

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Uniform architecture, the new exhibition of the Canadian Centre for Architecture (CCA) invites us to realize the tremendous impact that war has had on contemporary architecture and society.

"This is not an exhibition on architecture during the war. It's more a reflection on the identity of architecture throughout history and the influence that major technological advances and innovations imposed by issues of global conflict had on the social, political and economic post-war, "said Jean-Louis Cohen, curator and Chair Sheldon H. Solow in architectural history at New York University.

In approaching this new exhibition at the CCA, it is striking to see, in fact, architecture, images of destruction, like the photographs of August Sander Cologne in ruins. While cities are directly affected by the effects of war, architects become important players in the war effort, then taking the architecture of strategic value by participating as much to build than destroy. As such, the exhibition emphasizes the personality of the architect appears in the forms most diametrically opposed, Albert Speer, Hitler's favorite, to Szyman Surkis, the Polish architect deported to Auschwitz who worked in the office Architecture of the camp.

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Of course, the CCA exhibition tells us all the same architecture. But it is a particular architecture, the plants bombers and tanks, buildings of the military bureaucracy and concentration camps. As noted by the Commissioner, "is an architecture of the monotony and technology that will define the 50s and 60". For example, one of the rooms of the CCA is dedicated to four major projects of the time, who have distinguished themselves as much by their symbolic value because they illustrate a radical change of scale that will prevail after the war. Oak Ridge hosted 75,000 employees to build the atomic bomb. Auschwitz was built from a real development plan. The Pentagon stems from the desire to streamline the administration of war. And plant Peenemünde surprised by its striking modern architecture.

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Beyond architecture, the exhibition invites us to glimpse the amazing technological revolution, born of the war, which will profoundly change the way of seeing the architecture and which will enshrine the principles of modern architecture. Prefabrication is refined with the advent of artificial bridges and ports. Mobility housing is developed with the "barracks" military. New materials appear and you learn to use different ones already known. The war effort creates the principles of sustainable development before the letter. Even the media knows its infancy in the "situation rooms" staffs. As always, the exhibition is remarkably documented with drawings, photographs, posters, books, models, etc.. As a bonus, the National Film Board (NFB) offers a few period films, designed to engage Canadians about the war effort. A series of free lectures will be also given by the NFB on propaganda films.

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