Beautifully renovated offices ready to move in.Metuchen is a borough in Middlesex County, New Jersey, United States, which is 5 miles (8.0 km) northeast of New Brunswick, 13 miles (21 km) miles southwest of Newark, 17 miles (27 km) southwest of Jersey City, and 21 miles (34 km) southwest of Manhattan, all part of the New York metropolitan area.
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Born in 1929, today would have been Khan's 88th birthday. He came to the United States in 1952 and studied at the University of Illinois, where he earned two master's degrees and a PhD in structural engineering. Khan was hired by Chicago architectural firm Skidmore, Owings & Merrill in 1955, and went on to design the two iconic Chicago buildings.
He's considered the "father of tubular designs" for skyscrapers, which allowed towers to be constructed by the exterior frame of the building rather than the central supports of steel. This method, which proved to be far more efficient by using considerably less steel, has continued t0 be used in many high-rise buildings today. Khan's design innovation was used in buildings such as the World Trade Center, Bank of China Tower and in New York's Trump Tower.
At 100 stories high, the Hancock center was the second-tallest building in the world when it was completed in 1968. Built just a few years later in 1973, the Sears Tower is 108 stories high and is the second tallest building in the United States. It was renamed the Willis Tower in 2009.
Khan died of a heart attack in 1982 and was buried in Chicago. Khan is frequently remembered for his quote on always remembering the bigger picture in life.
"The technical man must not be lost in his own technology,” he said. "He must be able to appreciate life, and life is art, drama, music, and most importantly, people.”
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The EB-5 Immigrant Investor category allows a person, and his or her family members to obtain permanent residence in the United States through the investment of a certain amount of money in a New commercial Enterprise (“NCE”), and by creating or saving 10 jobs for either U.S. Citizens, Lawful Permanent Residents or those authorized to work in the U.S.
Read more on this File EB 5 LITERATURE
While Broward County might not have the same glitz and glamour of its southern cousin Miami-Dade, the county had plenty of big-ticket commercial deals last year that racked up millions.
The Real Deal analyzed data from the CoStar group, an information company, to compile a list of Broward’s biggest commercial buyers during 2015.
#1 Prologis – $407.5 millionPrologis, one of the country’s biggest industrial real estate firms, racked up more pricey property purchases in Broward than any other company.The company sank a total of $407.5 million into 23 properties spread throughout the county, mostly concentrated in Hollywood and Fort Lauderdale.What helped push Prologis to the top this year was its $820 million acquisition of a 21-property portfolio from Morris Realty Associates. Three of those properties were located in Broward, totaling about $69.4 million.
#2 Starwood Capital Group – $281.9 millionSecond on the list was investment firm Starwood Capital Group, headquartered in the wealthy enclave of Greenwich, Connecticut.The firm put $281.9 million down on 13 properties in Broward, most of which were office buildings located in Fort Lauderdale business parks.Not to be outdone, Starwood also closed on a massive commercial sale last year. The investment firm was one of three buyers that paid $1.1 billion for Duke Realty’s portfolio of 62 properties in the Southeastern United States.Among those properties were eight office buildings in Fort Lauderdale and one in Pompano Beach, which made up the bulk of Starwood’s investment total for Broward County last year. Together, they totaled almost $180 million worth of properties.
#3 Norges Bank – $272.3 millionClose behind Starwood was the Norwegian central bank, which had a serious hankering for South Florida real estate last year.Norges Bank assembled $272.3 million worth of Broward County commercial properties during 2015, landing it in third place for the year’s list of biggest buyers.Those purchases were spread out over 13 properties between Fort Lauderdale, Hollywood, Pompano Beach, Hallandale and Dania Beach.All 13 were purchased in a joint-venture with Prologis — our No. 1 contender — as part of the $5.9 billion acquisition of KTR Capital Partners’ portfolio of 322 distribution properties throughout the U.S.Norges Bank is one of many foreign sovereign wealth funds picking up big chunks of U.S. real estate.
#4 TIAA-CREF – $238.8 millionTIAA-CREF is a Fortune 100 company that provides pensions for teachers and other professionals. It’s also one of the country’s largest real estate investment companies, and holds the No. 4 spot on the list of Broward’s biggest commercial buyers.The company spent $238.8 million on Broward County properties last year. The interesting part? That was split between just two purchases.In the first deal, the financial giant picked up Orlando-based Zom’s Casa Palma apartment complex in unincorporated Broward for nearly $90 million.Next, TIAA-CREF paid the Related Group an incredible $149 million for its Manor at Flagler Village apartment project in Fort Lauderdale.
#5 Global Logistics Properties – $187.7 millionLast but certainly not least is Chicago-based Global Logistics Properties, a multinational real estate firm that specializes in — you guessed it — logistics properties.Last year, GLP put down an impressive $187.7 million for 11 Broward County properties, all but one of which was located in Fort Lauderdale.The commercial giant continued this list’s trend of massive portfolio deals with its purchase an Industrial Income Trust assemblage in a deal valued at $4.55 billion.In Broward, that portfolio’s biggest piece was Sunrise Distribution Center in Fort Lauderdale. It alone fetched $43.8 million.
All Aboard Florida, developer of the only privately-owned and operated passenger rail service in the United States, unveiled a new express train travel service that would connect major cities between South and Central Florida.
At an event held on the construction site for Miami Central, the new downtown transportation hub, All Aboard introduced Brightline and previewed the innovative trains set to become the centerpiece of the new service. "Which is our new transportation service that's gonna connect the four major cities in Florida, with a new way to move about," said Michael Reininger, president of All Aboard Florida.
The $3 billion project will soon give passengers the ability to jump on a train in Downtown Miami and travel to Fort Lauderdale, West Palm Beach and Orlando. "It's an alternative to more and more cars on ever more congested roadways," said Reininger.
The designs of the trains were specifically made with South Florida in mind.
The future hub and mixed-use urban development is located in the heart of Miami, at Northwest First Avenue between Northwest Third and Eighth Streets. Previously, the land was solely used for parking. "It's really based on Florida," said David Rockwell, founder and president of Rockwell Group. "It's based on the kind of optimism of Florida."
A color scheme of yellow, blue, green, red, purple and orange was incorporated in the design of the trains.
Miami-Dade Mayor Carlos Gimenez was also in attendance at the event. He held a pass that hinted at what users will use to board the trains. "That's supposedly the first inaugural pass. I don't know if it will actually allow me on," he said jokingly. "It's nice. It's commemorative."
Gimenez said All Aboard Florida will help the local public transportation services. "It's always about giving different options, more options to our residents, so that's why it's really important," he said.
"It's quicker. It's just a smarter way to travel, but it's more convenient. It's more reliable. It's more enjoyable, and it's more productive," said Reininger.
The Brightline trains are slated to begin service in 2017.
Local mobile products giant Brightstar Corp. is getting even bigger.
Following a spate of recent acquisitions, the company announced Friday it had bought up Canadian consultancy WirelessWorks for an undisclosed sum. In a statement, Brightstar called WirelessWorks a solutions provider for mobile network operators and device manufacturers.
Company CEO Jaymin Patel said in the statement that the acquisition will allow Brightstar to expand its presence in Canada. The Miami company already offers device protection solutions in that country.
Brightstar was one of the fastest growing technology companies in South Florida last year, nearly doubling its global employee count to 9,000 through both organic growth and acquisitions. The company went from revenues of $7.2 billion to $10 billion, with 500 employees in South Florida
The firm has acquired widely, picking up other companies in Europe, Japan, the United States and India. The companies acquired were involved in the mobile distribution, service and accessories business lines.
Bonsai is a Japanese word that means “planted in a container.” Bonsai gardening is a horticultural art form that involves growing small plants into tiny trees. The gardener’s objective is to coax a plant into the shape and appearance of a tree with branches and leaves. Gardeners use a variety of growing techniques to direct this beautiful and innovative growth. Bonsai gardening is popular among people of all ages, and it is easily performed in the comfort of one’s home during any season of the year.
Bonsai” may be a Japanese word, but this art form began in China. Hundreds of years ago, Chinese people pursued a special type of gardening that involved growing tiny trees in containers. In the beginning, only the top echelon of Chinese society pursued this form of gardening. Later, as Japanese people borrowed heavily from Chinese culture, bonsai became a popular hobby in Japan. Bonsai eventually moved west into Europe and then into the United States. A bonsai tree was featured in the St. Louis World’s Fair in 1904, which illustrates the rise of bonsai in the West.
“The technical man must not be lost in his own technology,” he said. “He must be able to appreciate life, and life is art, drama, music, and most importantly, people.”
With approximately 4.3 million people, Greater Phoenix’s population is expected to grow to 6.3 million people in the next two decades • CNBC recently ranked Arizona’s workforce higher than any other state in terms of training, quality and availability of workers – while maintaining one of the lowest costs for labor in the nation • Operating costs in Metro Phoenix are approximately 40% lower than in California • Arizona offers more than 20 business incentives to choose from • Greater Phoenix was recently ranked by Forbes as Top 10 next big boomtown in the United States
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