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Blackstone Rolls Up AmericasMart in Atlanta to Expand in Display Room Mart Sector

Private Equity Giant, Which Acquired International Market Centers In 2015, is Purchasing Among its Main Mart Competitors

Blackstone-owned International Market Centers (IMC) will obtain its biggest rival in a move that will move ownership of more than 7 million square feet of showroom mart area from a company started by the late John Portman.

Las Vegas-based IMC, which Blackstone obtained in 2017, stated Tuesday it has actually accepted integrate with Atlanta’s AmericasMart, the home of the largest-single collection of house decoration, gift, rug and apparel product. The massive AmericasMart complex consists of 7.1 million square feet of showcase space in several buildings that cover a 14-block area in the heart of downtown Atlanta.

Regards to the deal were not revealed. Combined with IMC’s 12.2 million square feet of exhibit space in Las Vegas and High Point, N.C., International Market Centers will own and run almost 20 million square feet of the specialized showroom area that hosts markets and exhibits where merchants consult with producers and suppliers to select products to offer in their stores and online.

John Portman, the famous designer and developer who developed AmericasMart and numerous other landmark developments such as Peachtree Center in downtown Atlanta, passed away Dec. 29, 2017, at 93. Portman’s development of the Merchandise Mart, which opened in 1961, marked his first project in downtown Atlanta and forever changed the city’s core.

As the very first merchandise reveals gained traction, Portman understood he had developed a problem. Downtown Atlanta did not use sufficient hotel rooms to accommodate all the merchandisers and buying agents coming to town for the enormous sales marts.

“That’s what got me into the hotel service; we had no location to put them,” Portman informed this press reporter in an interview in April 2000. “The Regency [hotel] was a direct outgrowth of [the Merchandise Mart,” Portman said. “I was determined to develop as numerous hotels around the Market Center as it grew as I could.”

Ultimately he established the Westin Peachtree Plaza and Atlanta Marriott Marquis.

One of Portman’s boys, Jeffrey L. Portman, began working the docks at the Atlanta Product Mart when he was 8 years old. Today, Jeff Portman is president and COO of AmericasMart. He said the sale to IMC will reinforce both parties.

“AmericasMart has actually long functioned as a crossroads of commerce,” Portman said. “The signing up with of the exceptionally effective talents and resources present in both organizations will sustain and advance that function for the ultimate advantage of the customers we collectively serve.”

When the transaction closes, which is anticipated in July, Portman will serve as an advisor to IMC’s board of directors. Robert Maricich, the current CEO of IMC, will continue as president of the combined entity.

Prior to the purchase arrangement, IMC and AmericasMart had actually been fierce competitors in the mart service that hosts markets and exhibitions where merchants come to select products to offer in their stores and online. AmericasMart alone hosts 17 yearly markets and shows, consisting of the Atlanta International Present & & Home Furnishings Market and the Atlanta International Area Rug Market. Each year, more than 4,500 exhibitors and almost 200,000 attendees ply their sell the downtown Atlanta complex.

Blackstone Real Estate Partners and Blackstone Tactical Opportunities (Blackstone: NYSE: BX), in a collaboration with Fireside Investments, acquired IMC in 2017. The acquisition of AmericasMart shows the personal equity company’s continued confidence in Atlanta’s commercial property market, the company stated.

“Having grown up in Atlanta, I am well aware of the tremendous contributions the Portman household has made to the city and in developing AmericasMart into the leader it is today,” stated Tyler Henritze, head of U.S. Real Estate Acquisitions at Blackstone, in a declaration revealing the acquisition.

Henritze said Blackstone, which has actually invested $5 billion in other Atlanta realty residential or commercial properties given that 2012, will develop on Portman’s tradition “to even more purchase and enhance AmericasMart.”

Beethoven Rolls Over– and Rocks your home

Kerry Candaele was a historian and a rocker, and he had ample interests to keep him busy for a lifetime of research study and writing and filming and recording. He had been a Hofstadter Fellow at Columbia University and had composed a book about the Great Migration; work had taken him from the Middle East to East Asia and back once again; he had dealt with documentaries as varied as A League of Their Own (upon which the subsequent Cent Marshall feature film was based), Iraq for Sale, and Wal-Mart: The High Cost of Low Price. He had actually released 2 rock albums, Gas Cash and Icarus Descending.

Then one day he slipped a CD into the car stereo, took an increase the California coast, and discovered Beethoven.

There is a difference in between understanding Beethoven and discovering Beethoven. The very first is a matter of cultural literacy; the 2nd is a sort of secular conversion experience. That day, with the Pacific to his left and the California cliffs to his right, Candaele heard nuances in Beethoven’s Ninth Symphony that his rock ‘n’ roll ears had previously been unready to hear. “It was the 3rd motion that drew me into Beethoven’s world,” Candaele composed in his 2013 book, Journeys with Beethoven. “I discovered in the adagio and finale an incredible revelation: Here was a music as moving as my cherished rock and soul, as effective as the Who’s ‘Baba O’Riley,’ as tender and touching as Otis Redding’s ‘These Arms of Mine.’ I had actually discovered another stunning need to feel totally alive.’

That drive launched Candaele on an obsessive search for two objectives. Initially, he aimed to discern the psychological roots of Beethoven’s remarkable capability to at the same time communicate distress and hope. Second, as a historian, he looked for to check out the methods which the power of the Ninth has touched other individuals in other societies– particularly in minutes when they, like Beethoven himself, were searching for hope in the face of loss.

The result was the documentary Following the Ninth: In the Footsteps of Beethoven’s Last Symphony, which informs the story of the Ninth’s impact in four critical moments of historical crisis: throughout the Pinochet dictatorship in Chile, when the households of political prisoners sang the Ode to Happiness outside the prison where their loved ones were being tortured; at the Berlin Wall, where, as the Wall fell, Leonard Bernstein carried out the Ninth, changing the “Ode to Happiness” to the “Ode to Liberty”; at Tiananmen Square, where protesters played the Ninth over loudspeakers to hush the Communist Celebration propaganda being piped into the square; and in Japan, where more than 5,000 vocalists and artists gathered to perform the Ninth in the wake of the awful 2011 Tsunami.

Following the Ninth, directed by Candaele and story-produced by UNLV journalism teacher Greg Blake Miller, has actually been screened in more than 250 cities all over the world. It has actually shown at Lincoln Center in New York and at Rome’s House of Movie theater. The movie has actually been featured on NPR’s All Things Thought about and on PBS’s Moyers and Company, where Costs Moyers said, “The movie is beautiful and powerful … If millions could experience its verifying and incandescent message, we may turn around the harmful characteristics that are frustrating the earth.”

311 rolls into Mandalay Bay Beach


311 has a long history of performing in Las Vegas

With its funky, reggae-tinged rock, 311 is the perfect band to play a summer season night’s show at Mandalay Bay Beach, which is occurring Friday night. However the five-man group originally from Nebraska is likewise just a terrific band to play Vegas, thanks to a deep, broad fan base, a dozen albums worth of material and 27 years of concerts. And they do play Vegas, a fair bit. I just recently consulted with frontman Nick Hexum about why 311 fits so well here, how they found their present creative groove and why the band’s fans make all the distinction.

How did you forge such an excellent bond with Las Vegas? Vegas is terrific for us, both with the local following and individuals who like to fly in and make an event of partying with us. We have actually had it on the route given that ’93. Our very first program was at some strange little cowboy bar 24 years back, it went off and it always simply made sense to get back there every year, consisting of the times we have actually done 311 Day [an unique concert on March 11] there. It’s just been awesome.

Exactly what do you want to do in Vegas? I enjoy some Texas Hold ‘Em but I wouldn’t say I’m especially great at it. I do fine. It’s always enjoyable. Visiting “The Beatles LOVE” was a truly powerful experience for me. I just like taking it all in a couple of times a year.

In June you released your 12th album, “Mosaic,” which has actually been really popular as a collection of a great deal of various sounds. Was that the intention? I believe the example of the album was that it had to be various, an advance in some way, otherwise we weren’t going to pursue it. [Previous album] “Stereolithic” was a bit more throwback with some riff-rock and rapping, and this time we were all set to forge into the unidentified. The way to do that is to pursue the odd concepts– if it’s strange, go all out. We took nearly three and a half years with it and I think we made some huge enter upgrading our sound and getting into brand-new area, opening up influences. It felt great. And I believe that in mining our foundation, we struck a vein and we’re going to go after it quickly and reverse the next album fast. [Bassist] P-Nut said it best, which is whatever the reverse of author’s block is, that’s what we’re having now.

The “Mosaic” album cover is a collection of photos from fans, and Signboard recently called 311 among the greatest cult bands in America. We’ve always enjoyed that [label] The Grateful Dead is a terrific example of someone that does things their own way, that created a culture around themselves. It’s a way of looking at the world, a way of life, and we have actually constantly pursued that. It’s great for us due to the fact that we’re not subject to the impulses of radio and press the way another band might be. So we encourage that … Our fans call themselves “The Excitable Ones,” which is drawn from lyrics lots of albums back. It’s really an enjoyable, good-natured, pleased cult. It’s an all-inclusive unity thing without any rules.

311 carries out at Mandalay Bay Beach on Friday, August 18 at 9 p.m. For more information, see mandalaybay.com.

‘Alice’ rolls into Brooklyn Bowl


“Alice– A Steampunk Show Fantasy.”

Tuesday, Sept. 8, 2015|12:34 p.m.

Click to enlarge photo

“Alice: A Steampunk Rock Opera Fantasy” at Vinyl in the Hard Rock Hotel.

“Alice” is striking the Strip.

The rock musical/production show “Alice– A Steampunk Concert Fantasy” is back onstage Oct. 13, reserved for a one-off at Brooklyn Bowl in the Linq Promenade.

Show time is 10 p.m. (doors at 9 p.m., with some “Alice”-themed preshow activity planned). Tickets are $30, $15 for residents, and go on sale Saturday at 9 a.m. (for info, struck the Brooklyn Bowl site).

Based on the Lewis Carroll story “Alice’s Adventures in Wonderland,” the “Alice” production has actually jumped throughout the city like the tale’s famed white rabbit.

Over the past two years, the show has actually been showcased at Tuscany Suites’ T Spot lounge, Sundown Station’s Club Madrid and, most just recently, a series of efficiencies at Vinyl in the Acid rock Hotel.

The Brooklyn Bowl show is the most adventurous yet for “Alice,” as the program’s co-director and developer, Anne Martinez, has actually lastly ventured into an area that will certainly enable aerial artistry in the show.

The responsibility for choreographing the team of cast members to carry out skyward falls to April Leopardi, herself a well-trained aerial artist.

Otherwise, the program will continue with its sultry, Steampunk theatrics developed by dancer and choreographer Ryan Kelsey and music directed by David Perrico.

The program has long been driven by reimagined versions of such contemporary numbers as “Bad Romance” (Lady Gaga) and also the classics “Ring of Fire” (Johnny Cash) and “Sugary food Dreams (Are Made from This)” by The Eurythmics.

A show-closing “I Desired You (She’s So Heavy)” by The Beatles is another highlight.

The dancers toss themselves throughout the phase, swagger into the audience, smoke from a hookah pipe, and, during Aerosmith’s “Cryin’,” Leopardi throws plates at an eluding Kelsey.

Another Kelsey– Lora, Ryan’s sister, late of “Zombie Burlesque”– also performs the Red Queen character, which has actually included a turning group of artists.

The added, airborne artistry must assist “Alice” wow members of the AEG Live team, which is important to the program’s future as AEG books acts at Brooklyn Bowl.

“I think they all just have to experience what we do, the modifications we are making and the element of the Red Queen,” Martinez states. “We now have an area where we’re permitted to truly reveal what we can do, and we want to doing this much more. We always want to do more, you understand?”

Two years on, “Alice” has shown remarkable maturity. But, still, she’s a children at heart.

The Linq
3545 Las Vegas Blvd South Las Vegas, NV

Brooklyn Bowl This New York import opened in 2014 and has already made a huge impression on regional music fans. They’ve nailed the huge 3– sound, sight lines and schedule– so totally, we ‘d be connected even if the fun ended there. Throw in bowling lanes and badass fried chicken and we ‘d think about relocating if they ‘d let us save tooth brushes and sleeping bags someplace.
The Linq, Suite 22, 3545 Las Vegas Boulevard South Las Vegas, NV 89109

Follow John Katsilometes on Twitter at Twitter.com/ JohnnyKats. Also, follow “Kats With the Dish” at Twitter.com/ KatsWiththeDish.