It also further enhances the franchise value of this landmark asset, which will result in value creation". Kelly echoed the notion that the project will add value to theMART as a cultural destination for both locals and visitors while furthering Mayor Emanuel's vision of "elevating the Chicago river walk to an experience" in itself.
For good measure, adding the legendary talents of co-founding principal of Arquitectonica, Bernardo Fort-Brescia, with his wife and founding partner Laurinda Spear, as well as legendary designer Philippe Starck, this utilitarian sculptural complex now is poised to become a Miami landmark asset in the heart of the city's rapidly changing Brickell neighborhood.
Alter, as CEO, then led Sunstone on an acquisition spree during which it acquired an additional 17 hotels for over $1.7 billion, including such landmark assets as the Hyatt Regency Century Plaza, the Hilton Times Square, and the Renaissance Hotel in Washington, D.C.
"Our model creates significant employment and leaves landmark assets in the country".
This is nowhere more true than in London, where its landmark assets include Harrods, the Shard and (sort of) Canary Wharf.
And Hon's financial adviser, Vaughn Mahnke, said Hon will "remain a key player in the disposition of other of Oak Tree's assets". Bruce A. Tester, an Irvine lawyer who is part of Hon's negotiating team, said it was premature to say whether Hon will bring in other investors to purchase other Landmark assets.
Landmark's assets, primarily in the U.S., are effectively triple net tenant lease arrangements with contractual rent escalators, providing stable, predictable, and growing cash flows.
The problem posed in this second installment of Rockefeller Center Properties (RCP) again focuses on the interplay between property valuation and the corporate-finance problem bedeviling the REIT, which holds a $1.3-billion 1.3-billion mortgagen's highest-pronile landManhattan estate asset.
"We really believe this space could be transformative for Lower Manhattan," said Matthew Seigel, a senior retail director with Cushman & Wakefield who, with an executive vice president, Joanne Podell, was tapped last month to market and lease the landmark four-story asset for its owner, China Sonangol.
Landmark's sole cable asset is the Weather Channel.
The talks between Havana and Washington that are already under way do indeed face multiple tripwires – including America seeking compensation for financial assets and landmark buildings seized at the start of the revolution, as well as US demands for Cuba to restore full human rights.
