The Montauk Yacht Club Resort is now under new ownership

On May 2, Gurney’s Resorts and their owners Metrovest Equities and BLDG Management closed on a deal to finalize the purchase of the luxury resort located on scenic Lake Montauk in The Hamptons. The deal was financed by a $56 million loan from ACORE Capital. The loan was used for the initial acquisition costs as well as the planned renovations of the Montauk, New York resort. The 60-month loan term includes a first mortgage and a mezzanine loan. The acquisition of the Montauk Yacht Club brings the total of Gurney properties in the region up to three. Also, in the Hamptons Hamlet, the company owns and operates the neighboring Gurney’s Montauk Resort & Seawater Spa. Last year the company bought what is now known as Gurney’s Newport Resort and Marina, located in...

After a $1 Billion Renovation, the Westfield Century City is Bigger and Better Than Ever

A two-year renovation project on the tri-level Westfield Century City Mall in Los Angeles was completed in September, bringing shoppers luxuries like optimized parking, an Eataly, high-quality restrooms and hidden, elite elevators. Westfield Co-CEO Peter Lowy has said, “The mall design is meant to be a sanctuary. A place you will go that is soft, relaxing and you do what you want at your own pace.”

New York City’s Finest Skyscrapers

The Empire State Building ESRT
Address: 350 Fifth Avenue, Manhattan

This is one of the most famous skyscrapers in the world. It took only 410 days to complete this Art Deco themed building. The architect was William F. Lamb. It remained the tallest building in the world from 1931 to 1970. There are observation decks open to the public. The highest point is 1,454 ft with 102 floors. This building has been featured in several films such as King Kong, An Affair to Remember, and Sleepless in Seattle with Tom Hanks and Meg Ryan.

Silver Run Completes Its Acquisition of Centennial Resource Production, LLC

Silver Run has also expanded the number of its board of directors to eight from the previous four members. This consists of persons such as Maire A. Baldwin, Mark G. Papa, Karl Bandtel, Pierre F. Lapeyre Jr, Jeffrey H. Tepper, Tony R. Weber, David M. Leuschen and Robert M Tichio.

Mall Giant Westfield Corp. Hires Broadway Producer to Up Entertainment Factor

Those that have marveled at the beauty of the musical The Color Purple on Broadway will likely find that the news of its producer, Scott Sanders, leaving the production as somewhat of a shock, especially due to where he is going. Sanders, who owns a self-named production company in New York, sold the group to Westfield Corporation, a global commercial real estate company specializing in building and operating malls. Coming off winning the “Best Musical Revival” Tony Award for his theatrical version of the The Color Purple, Westfield hopes Sanders will be a great fit for their first-ever Creative Head of Global Entertainment. This acquisition does not relieve Sanders of his connections with his namesake brand or its productions. In fact, as part of the business...

Tips and Strategies to Garner Business Success

A business plan provides a substantive roadmap to be followed. It allows an entrepreneur to maintain focus, even when facing the rough patches that always come when developing, launching or building a successful business venture.