Tag Archives: validates

Discovery Validates 230 Park Avenue South for its New Worldwide HQ

Home Entertainment and Media Company Leases Entire Flatiron Structure from TF Cornerstone

Approximately three months after its $14.6 billion acquisition of Scripps Networks Interactive, Discovery has verified the place of its new global head office at 230 Park Opportunity South, TF Foundation’s 386,000-square-foot office complex at the corner of 19th and Flatiron.

The cable network, which will inhabit the whole workplace part of the 13-story Gramercy Park building, is planning to take tenancy on phases, starting in fall of 2019 and continuing through mid-2020.

The area is stated to be a favorite with new media business, including Facebook and Spotify, which have offices there, which factored into Discovery’s decision, inning accordance with sources with knowledge of the offer.

In connection with the long-term lease signed by Discovery, TF Cornerstone said it will invest more than $40 million into structure upgrades and modernizations that include an expanded workplace lobby and outdoor courtyard. Discovery said it’s planning to add ground-floor studio and production area along with a roof balcony for workers.

Inning accordance with a TF Foundation spokesperson, the structure owner worked closely with its two existing tenants at 230 Park Opportunity South to end their leases early and help with move-outs, providing the flexibility had to accommodate Discovery’s move-in.

As soon as its brand-new house on Park Avenue is ready Discovery plans to consolidate its other regional office areas, consisting of 850 Third Avenue, Chelsea Market and 1180 Sixth Avenue. CoStar research shows Discovery renting 165,884 square feet at 850 Third Avenue. Discovery acquired the 118,850 square feet that it presently rents at 1180 Sixth Avenue when it acquired Scripps. The Scripps acquisition also brought Discovery the Food Network, which runs from 134,843 square feet at Chelsea Market, now owned by Google.

“TF Cornerstone is thrilled to welcome Discovery to 230 Park Avenue South and together expose the structure’s exceptional historical character while also improving its system and operations into of the premier Class An office complex in Midtown South,” stated Jake Elghanayan, principal at TF Foundation, in a statement.

Discovery revealed plans to transfer its present worldwide head office from the Washington DC residential area of Silver Spring, Maryland to New York City in January. Following its acquisition of Scripps, the combined company runs such cable television networks as Discovery, Food Network, HGTV, ID and TLC. It likewise owns the sports network Eurosport and has a stake in digital material generator Group 9 Media.

FOR THE RECORD: Cynthia Wasserberger, Michael Berg, Joe Judge and Hayley Schoener of Jones Lang LaSalle represented Discovery in its site selection and lease settlements. TF Cornerstone was represented by Bruce Mosler, Ethan Silverstein, Mark Mandell and John Peters of Cushman & & Wakefield.

United States: DNA test validates top Filipino terror suspect is dead

Sunday, Oct. 22, 2017|12:08 a.m.

MANILA, Philippines– DNA tests have validated the death of one of the FBI’s most-wanted fear suspects, who the Philippine armed force reported was killed in a final battle to quell an Islamic State group-linked siege in southern Marawi city, U.S. and Philippine officials said Saturday.

U.S. Embassy spokeswoman Molly Koscina informed The Associated Press that DNA checks carried out in Virginia at the demand of the Philippine military validated the death of Isnilon Hapilon. Washington has actually backed efforts by the Philippines, a treaty ally, to fight terrorism for many years.

“This is yet another example of how the United States is supporting our friend, partner and ally in the fight against horror,” Koscina said.

Hapilon and Omarkhayam Maute, another leader of the Marawi siege, were killed in a gunbattle Monday in a push by countless soldiers to retake the last pocket of the Islamic city held by the militants, Defense Secretary Delfin Lorenzana said.

The Philippine military thinks that Mahmud bin Ahmad, a top Malaysian militant and close partner of Hapilon, had actually likewise been killed in the Marawi clashes, although his body has yet to be recuperated by troops.

DNA tests were also being done on the remains of other suspects who have actually been recovered by soldiers, Lorenzana said without elaborating.

The confirmation of the deaths of Hapilon and Maute would lead the way for the payment of substantial U.S. and Philippine bounties offered for the two. A saved 16-year-old captive supplied the essential details that allowed soldiers to find Hapilon and Maute in one building in Marawi, Lorenzana stated.

The U.S. State Department has provided a reward of approximately $5 million for Hapilon, who Washington blames for ransom kidnappings of several Americans, among whom was beheaded in 2001 in southern Basilan province. Hapilon had been prosecuted in the District of Columbia for his alleged involvement in terrorist acts versus U.S. nationals and other foreigners.

A soft-spoken Islamic preacher born to a household of militants on southern Basilan island, Hapilon had actually been connected to several major attacks in the southern Philippines, including kidnappings, bombings and attacks on metropolitan centers.

Hapilon and Maute were among the leaders in a nearly five-month insurrection in the lakeside city that has actually left a minimum of 1,127 people dead, consisting of 915 militants and 165 soldiers and police.

The siege has actually sparked fears that the Islamic State group may acquire a foothold in Southeast Asia by influencing and providing funds to regional militants as it suffers battle beats in Syria and Iraq.

The United States and Australia have actually released surveillance airplane to assist Filipinos battling the Marawi aggressors.

<aDollar Tree Validates Renovation of 1.5M-SF Distribution Center in Cowpens

<aGREENVILLE/ SPARTANBURG– Dollar Tree, Inc. (NASDAQ: DLTR) has actually confirmed it will certainly develop a new 1.5-million-square foot distribution center within the 600-acre Upstate Corporate Park, located simply off of I-85.

The 214-acre website is located in both Spartanburg and Cherokee Counties. Renovation is anticipated to begin later this month, with new workers beginning work in early 2016. When completed, it will be the biggest single building in the Upsate.

The $104.4 million financial investment will certainly produce 400 brand-new tasks over the next five years.

A Set Aside grant for $1.5 million was approved by The Coordinating Council for Economic Development to aid with the cost of real property enhancements along with task credits.

“This job demonstrates our dedication to the Upstate area by creating hundreds of jobs in the area,” boasted Bob Sasser, CEO of Dollar Tree. “We are happy to become a bigger part of the regional neighborhood.”

The Fortune 500 business currently has more than 100 shops in South Carolina alone, currently served by support centers in Chesapeake, VA and Matthews, NC. For nearly 28 years the retailer has actually broadened to more than 13,600 stores across 48 states and five Canadian provinces, running under the Dollar Tree, Household Dollar, Dollar Tree Canada and Deals brands, served by a coast-to-coast logistics network.