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October 28, 2009
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ISRAEL BERGER; CHERTOFF & DEVANEY
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| Two great events from friends of ours: The Retail Network’s fall networking event at Hudson Terrance (10/29, 6:30pm, Info); and the first annual New York City Real Estate Expo at the Roosevelt Hotel (10/30, 10am, Info). Bisnow will be there! |
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| What do Extell’s Riverside condos on the West Side, the Bank of America Tower development, 270 Park Avenue, 1775 Broadway, and 475 Park Avenue have in common? |
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| They’re all being worked on by Israel Berger & Associates, whose forte is curtain walls and building envelopes. Walk around Manhattan, and you’re likely to see more of IBA’s work than you realize—buildings like Hearst Tower, 7 World Trade Center, 100 Park Avenue, and Trump SoHo are only a few. President Israel Berger (center, unintentionally coordinating with senior principals Marc Weissbach and William Logan) tells us that fitting the right skin needs to serve architectural, structural, energy efficiency, durability, and maintainability needs. |
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Silverstein Properties
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| IBA’s two decades of work spans the globe—from the upcoming Towers One, Two, Three and Four at the World Trade Center site to MGM CityCenter in Las Vegas and noted completed projects Canary Wharf in England to Petronas Towers in Kuala Lumpur. They have projects all over the US, including the Pacific Design Center Red Building in LA, and others in Boston, DC, Minnesota, and Atlanta. Currently, the firm is seeking challenges in the institutional and government realms. Follow their lead—your life may depend on it: Hospitals and healthcare facilities are affected by demand on the building skin, which they say can be a contributing factor to wellness. |
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IBA principals Walter Martinez, Alexander Argento, Stanford Chan, and Abraham Spierer. There has always been a focus on sustainability—they're working on a federal office building in Newark with the goal of reducing energy by 50%, and eight of its 60 employees are LEED-APs, Israel says. Owners also need to be prepared for Local Law 11; IBA has been working with them to assess façade conditions and identify anomalies which may affect inspections.
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| This Morning in DC |
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| The Trump Organization’s Eric Trump was one of our featured speakers in DC this morning at the fifth in our series of “New Washington” conferences about the rising influence of the federal city during the financial crisis. Here he joins legendary former Redskin (and NY Jet) John Riggins (NFL Hall of Fame ’92), who also participated. Last spring, Eric supervised the purchase of Lowe’s Island golf course near Dulles airport, which Washingtonians hope herald expanding Trump interest in the market. |
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| Earl Devaney, known informally at the Stimulus Czar (as Chairman of the Recovery, Accountability, and Transparency Board) says that the website his office supervises, Recovery.Gov, will detail starting this Friday all stimulus spending down to the project and payee. He says that, in keeping with the Administration’s mission of transparency, information will not be withheld and some of it may prove embarrassing. On a lighter note, he said that because his office believes in transparency, he didn’t want to hire an extravagant consultant to design a logo, so he just held an internal contest which a receptionist won by designing a “fierce looking eagle.” |
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| Former Homeland Security Secretary Michael Chertoff offered advice to local business people: Don’t just try to sell an “intriguing gizmo” to the government without being able to say what big problem it solves. He says the most valuable products these days focus on collecting and analyzing data, and identity management. |
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| Longtime National Association of Manufacturers CEO Jerry Jasinowski (here with Cherry Bekaert & Holland managing partner Susan Moser), credited Fed Chairman Bernanke’s release of two trillion dollars of liquidity into the economy as creating the stock market boom but said it hasn’t translated yet to stimulating Main St. |
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| Carlyle Group co-founder Ed Mathias, right, said the Washington region will eventually be “buried in money” over the period of the stimulus. He also said it would be “hard to overestimate” what’s happening in China and to a lesser extent Brazil and India; he said Carlyle just opened an office in a Chinese town of 15 million that he’d never heard of. Lazard’s Bill Farmer, center, predicted continuing consolidation of the aerospace and defense sector. Eric Trump said real estate has to be analyzed these days on a “zip code by zip code basis.” |
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| UPCOMING EVENTS |
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November 02 - First Mondays - Quarterly networking event in support of I Can Still do That Foundation - B. Smith's restaurant, West 46th Street.
November 03 - AREW Luncheon - Speakers: Vornado's David Greenbaum, NKF's Barry Gosin, Miller Samuel's Jonathan Miller, with moderator Michael Stoler. Club 101. 11:30-2pm AREW Members: N/C. Non-members: $120.
November 04 - Young Mortgage Bankers Association - Fall Networking Reception - 6:00 to 8:00 PM at Butterfield 8, 5 East 38th Street (b/w Madison Avenue and 5th Avenue). Info
November 04 - Annual REBNY Benefit Fair Wednesday, November 4, 2009 10:00am- 1pm - REBNY Mendik Education Center 570 Lexington Ave. Contact kgibbs@rebny.com
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This newsletter is a journalistic news source which accepts no payment for featured interviews. It is supported by conventional advertisers clearly identified in the right hand column. You have been selected to receive it either through prior contact or professional association. If you have received it in error, please accept our apologies and unsubscribe at bottom of the newsletter. © 2009, Bisnow on Business, Inc., 1323 Connecticut Avenue, NW Washington, DC 20036. All rights reserved.
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