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Hoffman Estates Landscaping Services | Landscape Design
Grant and Power offer professional landscaping services in Hoffman Estates. Transform your outdoor space with our expert landscape design solutions.
#Landscaping Company#landscape company#landscaping#landscaping ideas#garden#garden design#landscape#space#design#Hoffman Estates Landscaping Services#Hoffman Estates Landscape Design#Landscaping Service in Hoffman Estates#Landscaping Service#Landscape Design#Landscaping Services
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<h1 style=“clear:both” id=“content-section-0″>The smart Trick of Trash Removal That Nobody is Talking About</h1>
Required more info? Precise Research study's new report covers each of these companies in much more detail, offering analysis on the following: Current monetary efficiency, Key products, Significant company strategies, Partnerships and acquisitions, The Comprehensive report offers global market size estimates, market share analysis, revenue numbers, and coverage of essential issues and patterns. facility services.
10 years back, the waste carrying landscape looked far various than it does today. In the past few years, merger and acquisition (M&A) activity has actually changed the sphere, soaking up companies that were once large gamers and bloating those at the leading with healthy income development. Waste Today's inaugural Top Hauler List is an attempt to measure those changes and track the companies still on top based upon their earnings. In addition to national players, our list features a few http://edition.cnn.com/search/?text=waste management services of the top local haulers across North America. While change has actually happened, the market is still in a state of flux. Both waste management companies and private investment firms are purchasing up hauling businesses routinely thanks to their profitability, a robust economy and perfect selling conditions (check out more in "Money relocations" on page 48).
Advanced Disposal in Ponte Vedra, Florida, for instance, was left out because of Waste Management's recent acquisition of the company, in spite of the offer being set to formally close in early 2020. Had it been included, the company would have been No. 8 on our list, with $1. 56 billion in profits in 2018. (For more on our approach, please see "More about the Leading Hauler List" on page 46.)With M&A activity here to remain, the Leading Hauler List could present much more change in just a few years' time as waste transporting businesses continue to grow, expand on and invest in their fleets, and weigh the dangers on the finest time to buy and offer.
All about Waste Management Services
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While this has actually included prominent transactions, such as Waste Management's current acquisition of Advanced Disposal, much of it is composed of the mom-and-pop haulers who discovered the timing right to sell. yuthana Choradet stock. adobe.com, The United States and Canada's largest waste haulers extend from coast to coast, producing 10s of billions of dollars in profits and using hundreds of thousands of staff members. Here are some key takeaways from this year's list. Companies on our list generated an overall of over $49. 3 billion in earnings in 2018, balancing almost $1. 2 billion per company. The companies on our list represent 22 different states, plus Canada. The U.S. economy usually relocates five-year cycles, peaking in the fifth year and after that contracting back to a period of slowdown (waste removal). 5 years after the economic crisis of 2009, however, the economy was still broadening without any indicator of a slowdown in sight. The real estate market had actually recovered, garbage dump volumes were improving and inflation had started to choose up. However savvy organization owners understood an economic downturn was somewhere on the horizon. Then, national tax reform passed in 2017, driving up capital and equipment expenses for business. At the same time, the ongoing labor scarcity operators face today was just entering into clear deem a long-lasting issue.
Hoffman states there are 5 D's owners think about in business succession preparation: descendance, death, divorce, disability and disease - facility services. Waste Today magazine compiled the Leading Hauler List by combing through public records, sending a study to companies in our database, trying to reach new companies through our sites and consulting with market experts. Rankings are based upon the biggest earnings of 2018 from waste management companies in The United States and Canada. Other info consisted of in the list was optional for haulers to send to provide a different viewpoint into the size of each business. Specifying the term "hauler" was not uncomplicated. While numerous on the list are common residential and commercial waste transporting business, some have a myriad of other special waste, recycling and environmental services they supply.
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Getting to the Best Areas of Joliet
Joliet is a small city in Will County in the state of Illinois, approximately 30 miles northwest of Chicago. It is the second largest county seat of Joliet. In the 2020 census, Joliet was the fifth-most populous city in Illinois, having a population of 148,423. The city is easily accessible by road and has access to various suburbs including Oak Lawn, Glendale, Chicago, Hoffman Estates, Norridge, Oak Forest, Joliet, and Oak Lawn. It is also conveniently located for traveling to all other nearby cities.
The town of Joliet is located on the banks of the Des Plaines River and it is considered as the gateway to the northern region of Illinois. The most notable landmark that Joliet is known for is the des Plaines River. The river is an ideal spot for a picnic or a family outing, as it offers a wide stretch of beautiful scenery. However, there are some areas that are perfect for recreation and commercial development. In these areas, a license is required.
The west side of Joliet consists of a large population of homeowners who live on the shore of the south bank of the des plaines river. One of the most scenic places you have to visit is Fort Rock, which is located on the west side of the river. People go here to enjoy a hiking trail and picnic. For those who like nature, Fort Rock is definitely the place to go. Other beautiful spots that you should not miss when visiting this city include the Shedd Aquarium at East Town, the William D. Brown Park and Zoo at East Town, and the Riverwoods Golf and Country Club at west side of the river.
On the east side of the river, Joliet also boasts a thriving community of residents who reside on the south bank of the river. These people call themselves Jolietites. You will find an assortment of restaurants, bars, movie theaters, post offices, banks, and more. This is definitely a good place to take the family if you are in the mood to have fun and experience new things.
If you are looking for something more exciting in terms of entertainment, you should definitely consider taking a trip to the county seat of Joliet, along with your family and friends. One popular activity you can participate in while in Joliet is rafting. While you are on a river tour, you will be able to see many historical landmarks, as well as enjoy the landscape. There is plenty of opportunity to learn about the history of this area and the surrounding area as well.
In addition to taking rafting trips on the west branch of the Illinois River, you might also be able to get a ticket to one of the many amusement parks that are located in Joliet. There are numerous amusement parks that are located throughout the various wards of the city of Joliet. These include Cedar Point Amusement Park, Deoks Park, Deer Lake Park, Old Town Joliet, and even Kankakee Riverwood Park. If you have never been to one of these parks before, you will certainly have a great time learning about them and experiencing all the amenities they offer.
Those who are interested in a bit more excitement should take a trip to the famous Joliet Illinois Motor Speedway. This is located on the northern part of the town of Joliet, right next to Kankakee Riverwood Park. This is one of the most well-known attractions in the city, as it offers a number of different activities and attractions for anyone who visits. It is definitely a good place for families to spend time together, as the location is close to a variety of different schools.
In order to get to the various parts of this large metropolitan area, many people prefer to drive. Because of the excellent highway system that connects Chicago, Joliet, and Gary, these people have easy access to their destination. However, if you are interested in traveling via an international airport, there is good transportation along the southern stretch of the I-55. The southern freeway starts in Chicago and goes all the way until Joliet. By using the southern route, you will find it to be the easiest and most economical way to travel, while providing quality service along the way.
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Amaris Waterfront Condominium, Washington DC
Amaris Waterfront Condominium, Washington DC Real Estate, New Homes, Architecture Project Images
Amaris Waterfront Condominium in Washington DC
Oct 5, 2020
Hoffman-Madison Waterfront
Design: Rafael Viñoly Architects
Location: Washington, D.C., USA
Hoffman-Madison Waterfront (HMW), a joint venture of Hoffman & Associates and Madison Marquette, the co-developers of The Wharf, today announced that its highly-anticipated Phase 2 condominium building will be called Amaris. The 96 unit, 12-story, luxury waterfront residential building’s name is derived from Latin and means “you are loved.” Amaris embodies an immersive life experience. Residents will delight in the building’s artful design, prime waterfront location, ample outdoor spaces, sophisticated interiors as well as its unparalleled amenities and services.
Conveniently situated among The Wharf neighborhood’s numerous offerings including an extensive 5 acres of green space provided by The Green and Waterfront Park, and just minutes from downtown Washington, D.C., Amaris provides its future residents with a vibrant and connected environment along the Potomac. The boldest architectural project currently being built in the city, Amaris’ design is inspired by and made to enhance its unique waterfront views and location.
“Since our initial designs with lead architect, Rafael Viñoly, our goal has been to create an iconic and inspiring addition to the neighborhood that will become a statement in Washington’s waterfront skyline, while raising the bar for residential living,” said Monty Hoffman, Founder and Chairman of Hoffman & Associates. “From its striking all-glass facade to its ideal location on the water’s edge that allows each residence private outdoor space, Amaris exemplifies the ultimate in luxury waterfront living for the region that can only be found at The Wharf.”
“Rafael Viñoly’s architectural vision is the perfect complement to The Wharf’s world-class design across the entire development,” said Amer Hammour, Chairman of Madison Marquette. “This new residential space will be a showcase of contemporary features inside and out, that will provide unparalleled luxury to our residents and visitors.”
The intricate, curved and glass-walled building is the first in Washington, D.C. to be designed by Rafael Viñoly Architects, whose work spans six continents and is known for designing notable works of architecture including New York City’s 432 Park Avenue, the world’s tallest completed all-residential building.
“Amaris is a portal into one of the most significant developments in Washington, D.C.,” said Rafael Viñoly, Principal and Lead Designer of Rafael Viñoly Architects. “The Wharf has completely changed D.C.’s waterfront with the energy and variety of its public spaces. While the overriding geometry of the neighborhood sympathetically follows the city’s orthogonal grid, the building works as the terminus, breaking free from that geometry to acknowledge its park setting and the expansive views into and out of The Wharf.”
A nod to the waterfront location, Viñoly’s design for Amaris alludes to waves and water-like movement through the building’s curved shape and use of light. With a reputation for stretching the verticality of residential living, Viñoly’s design allows every residence at Amaris to have sweeping views and a connection to the outdoors through individual balconies and terraces. Specifically, residences at the curved edge of the building, with their outward sloping cold warped glass windows and cantilevered balconies, evoke the feeling that one is privately projected into the most unique and dramatic views across the water and into Virginia, Maryland and D.C.
As Washington, D.C.’s most elevated residential offering to date, the building’s 96 spacious residences range from approximately 700 SF one-bedrooms to 6,000 SF four-bedrooms, including split-level penthouses. In addition to these unique residences, Amaris will also feature approximately 20,000 square feet of indoor and outdoor amenity space, including an over 5,000-square-foot residential terrace on the building’s 6th floor designed by Parker Rodriguez.
The residences’ interiors are designed by the internationally-acclaimed architect Thomas Juul-Hansen, known for his signature notion of timeless design that highlights the use of naturally derived materials, allowing for finishes that will stand the test of time.
“For Amaris, our goal was to create interior spaces that were clean, simple and elegant in an effort to compliment, but not distract from the grandness of the residences and gathering spaces,” said Thomas Juul-Hansen, Founder of Thomas Juul-Hansen, LLC. “The building’s intricate glass and metal structure and extraordinary location is truly something people haven’t seen before in this city and we wanted the interior to be as unrivaled as the views. Amaris will be a unique gem and a landmark unto itself.”
The abundance of glass in Amaris allowed the interior architects to maximize the light and views within the living areas and bedrooms. The residences are generous in size, with large open kitchens, spacious walk-in closets and well-appointed bathrooms, as well as expansive living and bedroom areas. The unit features and design address the residential market demands, which have evolved over the past 6 months, with unprecedented private outdoor space, outdoor amenities and the building’s location next to a 1.5-acre park.
In addition to the expansive residences and amenity spaces, the building will feature 16,000 square feet of retail space at street level that will open out to the edge of the planned, 1.5-acre park, The Green, delivering in Phase 2 of The Wharf. Located adjacent to Amaris, The Green is designed by Michael Van Valkenburgh Associates (MVVA). The leading landscape architecture firm named as the American Society of Landscape Architects “firm of the year” and recognized for its work redesigning Pennsylvania Avenue at the White House and Brooklyn Bridge Park, designed The Green to bridge the waterfront to Maine Avenue and M Street SW, providing a visual connection to Arena Stage and the greater Southwest community. MVVA’s design builds off of The Wharf’s linear promenade while creating interesting curves and nooks that mimic Amaris’ curved facade. The tranquil green space across more than 1.5 acres will offer quiet seating areas, shade trees and elegant landscaping tied together by a water basin outfitted with an iconic centerpiece fountain made of sculptural raw Montclair Danby marble.
Amaris joins Pendry Washington, D.C., The Wharf hotel and leading law firm Williams & Connolly, LLP in recent Phase 2 announcements for The Wharf. The first phase of The Wharf opened in 2017 with more than 2 million square feet of development. Phase 2 broke ground earlier this year and is set to deliver over 1 million square feet of development along the waterfront including retail, hospitality, residential, piers and park space in 2022.
Design: Rafael Viñoly Architects
Amaris Waterfront Condominium, Washington DC images / information received 051020
Location: Washington, D.C., USA
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🏘 For those of you with curiosities into the real estate world... . . I looked at the recent ShowingTime activity data for Texas and pleasantly surprised that as of Saturday, we're now on par with 2019 showing data for the same time last year. Activity kept increasing the entire month of April with buyers wanting to look at homes. . . Real estate tends to be a trailing indicator of the economy, but regardless, I'm glad to see the resilience from buyers wanting to continue purchasing homes. Texas is doing great (so far.) 🔥 The rest of the country, not so great in this aspect. 🤭 . . *ShowingTime is the largest showing service and tracks scheduled showings for listings for sale across the US. It’s a great indicator as to real time activity. . . Looking to buy or sell your home this year? The Compean Group is here to help! 📱📞CALL /TEXT - 281-901-0140 Evan Compean Pilar Compean Laurel Hoffman . . . #eado #universityofhouston #uofh #galleria #ricemilitary #justlisted #HoustonHomes #ForSale #professionalphotography #Photography #listingoftheday #luxurylisting #Houstonhomes #cityliving #Houston #Texasrealestate #realestate #Houstonrealtor #professionals #landscaping #justsold #realestatefollowers #interiordesign #realestatephotography #realtorfollow #homesforsale #realestateagent #interiordesigninspo #realestateagency #realestatebrokers (at Houston, Texas) https://www.instagram.com/p/CALV1_oJtnF/?igshid=1tn342w3ub9pk
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#Landscaping Services Hoffman Estates#Lawn Care Services Hoffman Estates#Sprinkler System Installation & Maintenance Hoffman Estates#snow removal service Hoffman Estate#Hoffman Estates Irrigation System Installation and Maintenance
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Cities and Builders Face ‘Hornet’s Nest’ to Meet Affordable Housing Needs
WASHINGTON — The Wharf is a gleaming, $2.5 billion development that has transformed a long-stagnant waterfront into a major destination in the nation’s capital.
Along a mile of the Potomac River is an array of high-end hotels, entertainment venues, shops, restaurants and apartments. They include the 6,000-capacity Anthem concert venue, an InterContinental hotel and Vio, a luxury condominium where prices soared up to $2.9 million.
But the city has also required the developer to include affordable housing on the project’s 24 acres. Of the 761 units in the first phase of the development, 26 percent are listed as affordable, and more are promised in the second phase.
From Washington to San Francisco, municipal leaders are facing increased pressure to provide affordable housing. Using a combination of government subsidies, tax credits and zoning changes, they are encouraging developers to incorporate affordable units into mixed-use projects.
The Wharf development is a partnership between PN Hoffman and Madison Marquette, developers based in Washington. Monty Hoffman, chief executive of PN Hoffman, takes great pride in the affordable housing.
To make the Wharf project profitable, the partners sought to adjust the mix and build more units over all. The District of Columbia lowered its price for the land and reduced the percentage of lowest-cost housing while permitting more below-market, moderate-income “work force” units.
“It allowed us to avoid residential offerings only at the extreme ends — deep affordable and waterfront market rate,” Mr. Hoffman said. Absent such concessions, he said, he would have needed more office, hospitality, retail and market-rate housing to make the numbers work.
“We did not want to create a tourist or office-centric park,” he said. “We wanted a balanced community.”
Developers across the nation are finding that economics are crucial in determining how many and at what price such units may be included for a mixed-use project to be both socially responsive and financially profitable. And they are working with community leaders to find the right equation.
To further construction of multifamily units, Minneapolis recently moved to rezone most of the city to ban new single-family homes. Several Sun Belt cities, including Atlanta, Austin, Tex., and Houston, now require a percentage of affordable units in any mixed-use project.
California’s landscape is more challenging. Its residential property tax cap, an amendment to the State Constitution passed in 1978 and known as Proposition 13, forced localities to push for commercial development to generate revenue needed for schools, parks, the police and other public services.
Still, developers there are including moderate-income units in the mix, said Michael A. Covarrubias, chief executive of TMG Partners, a developer based in San Francisco. But, he added, the high cost of land has made that difficult. And the developer has to contend with residents opposed to gentrification in their neighborhoods.
“Affordable housing has been unavailable,” Mr. Covarrubias said. “It’s a hornet’s nest and a complicated road you go down to get the volume you need.”
To help address the problem, the tech giant Google has pledged to invest $1 billion in land and money to build homes, including those deemed affordable in the Bay Area. In Northern Virginia, JBG Smith has raised $78 million from investors for housing aimed at those who earn too much for government help but not enough to afford market rates. The firm is the dominant landlord in Crystal City, the section of Arlington where Amazon is locating its second headquarters, with 25,000 new jobs.
In Washington, market forces threaten to overtake government efforts to slow the gentrification of previously low-income neighborhoods, making them less affordable for longtime African-American residents and leading to cultural clashes.
The Metropolitan Washington Council of Governments has said the region needs to build more than 100,000 housing units by 2045, of which 40 percent should serve the lowest-income residents. Separately, the District of Columbia has set a goal of 36,000 units by 2025, of which 12,000 would be affordable. To reach that goal, the district’s mayor, Muriel E. Bowser, has offered solutions that include a $100 million annual housing production trust fund, regulatory relief and a higher building height limit.
“We just have to do many different things,” said Brian T. Kenner, a former deputy mayor for planning and economic development, who left district government on July 2 to work for Amazon. “Things we did before we have to alter, whether it’s making inclusive zoning even more robust or limited setbacks.”
The challenge for local governments is to find incentives like tax breaks that encourage developers, Mr. Kenner said. “Government can’t buy its way out,” he said.
But government, he said, remains concerned about the negative impact of development, which can displace residents as it alters neighborhoods.
The issue has come into focus with plans to turn Brookland Manor, an 80-year-old, 535-unit garden apartment complex in northeast Washington, into a 1,700-unit, $600 million mixed-use development.
The old complex included a small strip shopping center. Once predominantly occupied by low- and middle-income white families, the complex became home to a mostly African-American community after whites left the district for the suburbs. In deteriorating condition, it underwent a federally subsidized renovation in the early 1970s that led to litigation from residents who feared displacement.
That same battle is being replayed as MidCity Financial Corporation, its owner, seeks to triple the number of units, including townhomes and 22 percent lower-cost apartments alongside 181,000 square feet of retail. Residents are divided, despite MidCity’s promises to avoid displacing them. Some tenants object to the elimination of 134 four- and five-bedroom apartments for large families, and two lawsuits are working their way through the courts.
Two original buildings have been razed, as has the old shopping center, now a fenced-in lot with a sign urging an end to all gun violence. Despite the complaints of some residents, the proposed number of affordable units exceeds city requirements.
The District of Columbia is in a stronger position with properties it owns or controls, and requires 30 percent affordable housing units. The city encompasses several large parcels of former federal land ripe for development. These include the former Walter Reed Army Medical Center and St. Elizabeths Hospital, east of the Anacostia River. The 190-acre Robert F. Kennedy Stadium site is also up for grabs.
Developers and community groups are monitoring these parcels closely. To show activists the projects under development or soon to be, the Washington Interfaith Network ran several bus tours this year. Tour guides noted potential conflicts as the city seeks to reap new tax revenue while requiring developers to include socially desirable, if less profitable, features.
“At some point, you realize there’s just a machine that’s running,” said the Rev. Frankey Grayton, pastor of Edgewood Baptist Church in Washington and a prominent activist with WIN. “The development is happening at an alarming rate.”
Pastor Grayton was standing in front of a fenced building site in what is known as Hill East, a 67-acre parcel on the Anacostia River. City planners have long envisioned this tract, home to the now-closed D.C. General Hospital and other social-welfare buildings, as perfect for waterfront development.
As this prospect comes closer into view, community activists are organizing to ensure that low-income housing is included. In the first two buildings, it already is.
On what was the parking lot of D.C. General, a 202-unit, five-story apartment building is rising, one of two that will be the vanguard of Hill East. There will be 25,000 square feet of ground-floor retail and 106 low- and moderate-priced rentals, 30 percent of the total.
But it has been nine years in the making. After many meetings, hearings, permits and approvals, the mixed-use project is finally happening.
“It takes a village, as we say, to figure out the finances, the uses, the zoning,” Mr. Covarrubias, the San Francisco developer, said. “It’s a long, slow process.”
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Asian American Real Estate Association of America (AREAA) Will Hold Their Fourth Annual East Meets West Real Estate Connect Conference
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Asian American Real Estate Association of America (AREAA) Will Hold Their Fourth Annual East Meets West Real Estate Connect Conference
NEW YORK/ SEPTEMBER 13, 2018 (STL.News)
AREAA, the Asian American Real Estate Association of America, will hold their Fourth Annual East Meets West Real Estate Connect conference on September 26, 2018, at The New Yorker. Every year, East Meets West shines with an array of prestigious speakers, a fast-paced, interesting itinerary and great networking opportunities.
“East Meets West was created to serve as a starting point for foreigners looking for real estate advice to engage with local experts in the industry. It has since evolved into an all-day event loaded with real estate professionals ranging from developers, owner/operators, investors, lenders, and service providers, mingling with attendees eager to learn,” says Dorian Lam, President, Board of Directors, Asian Real Estate Association of America (AREAA) NY Manhattan Chapter.
This year’s four keynote speakers, highly regarded professionals in their respective fields, are John Catsimatidis, Chairman and CEO of Red Apple Group; Streeteasy’s General Manager Susan Daimler; Adam Spies, Chairman and CEO of Cushman and Wakefield, and Jonathan Miller, President and CEO of Miller Samuel.
“More speakers not to be missed include Jessica Millet, an expert on Opportunity Zones, who will give the latest updates on the new tax program, Blockchain consultant Debbie Hoffman, and Compass Chief Evangelist Leonard Steinberg. Developers play a big role at this year’s East Meets West as well, with three sessions filled with developers and even a development case study,” says Dorian Lam.
This year, the event will be broken down into eight sessions, each covering a contemporary, highly relevant topic both in commercial and residential real estate. Highlights include a session on residential new development, the changing real estate landscape, foreign lending, and business expansion.
Here is a full overview of this year’s panels:
Residential Panels Residential Panel 1: Business Expansion – What investments to your business actually work? Speakers include Tyler Whitman (Triplemint), Russ Putterman (KW), Tony Oakley (Compass), and Teddy Baxter (Douglas Elliman).
Residential Panel 2: Foreign Lending (New Policies and Programs) Speakers include Charles Ruffin (Emigrant), Henry Shih (Citi), and Yihou Han (Sterling).
Residential Panel 3: Tech Tools You Should Know Speakers include David Friedman (Wealthx), Alyssa Soto Brody (Compass), Parish Pradhan (RealAgentz), and Noah Rosenblatt (Urbandigs).
Residential Panel 4: Condo New Developments – What Developers Want Speakers include Sam Suzuki (Suzuki Capital), Anna Zarro (AnnaZarro), and Leonard Steinberg (Compass).
Commercial Panels Commercial Panel 1: State of the Market Speakers include Ari Shalam (RWN), Richard Siu (F&T), Patrick Li (TH Real Estate), Johnny Din (Cycamore Capital), and Jessica Millet (Duval & Stachenfeld).
Commercial Panel 2: Developers Panel Speakers include Daren Hornig (Hornig Capital), Eric Brody (Wonderworks), George Xu (Century Development), and Ronald Chua (China Overseas America).
Commercial Panel 3: Capital Markets Speakers include George Bernakis (Industrial Bank of China), Leon Wang (Acore Capital), Jason Yuen (Greystone), and Jerry Tang.
Commercial Panel 4: Development Case Studies Speakers include Margaret Lee (Youngwoo & Associates), David Amirian (Amirian Group), Ray Gu (Anbang International), and Robert Gladstone (Madison Equities).
With such a vast variety of topics, guests and panelists alike will be able to learn, grow, and leave with a better sense of today’s real estate reality. East Meets West’s Slogan, “Real Estate Gets Real”, sums up this purpose perfectly.
About AREAA The Asian Real Estate Association of America (AREAA) is a nonprofit professional trade organization dedicated to promoting sustainable homeownership opportunities in Asian American and Pacific Islander (AAPI) communities. AREAA creates a powerful national voice for housing and real estate professionals that serve this dynamic market. AREAA’s membership represents a broad array of real estate, mortgage, and housing-related professionals that serve the diverse AAPI market. AREAA is the only trade association dedicated to representing the interests of the entire Asian real estate market nationwide.
_____ SOURCE: https://www.prweb.com/releases/asian_american_real_estate_association_of_america_areaa_will_hold_their_fourth_annual_east_meets_west_real_estate_connect_conference/prweb15754051.htm
#AREAA#Asian American Real Estate Association of America#Asian-American#Blockchain#Dorian Lam#East Meets West#East Meets West Real Estate Connect#keynote speakers#real estate#Residential Panels#The New Yorker#TodayNews
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LinkedIn founder Reid Hoffman reveals what it was like building PayPal with Elon Musk and Peter Thiel and what it takes to make an $26.2 billion company
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Kevin Moloney/Fortune Brainstorm Tech
Reid Hoffman is the billionaire cofounder of LinkedIn and served as its CEO for four years.
He's also an investing partner at Greylock Partners.
Hoffman was on the early executive team at PayPal and created web-based social networks in the 1990s.
People talk about Reid Hoffman as a philosopher of Silicon Valley. That's by design.
Before he was the billionaire cofounder of LinkedIn and a partner at Greylock, he planned to be a "public intellectual." Hoffman says his philosophical training guides his business and investment strategies every day.
"Formulating what your investment thesis is, what the strategy is, what the risks with the approach are, what kinds of things you would be doing with it, are all greatly aided by the crispness of thinking that comes with philosophical training," Hoffman said on Business Insider's podcast, "Success! How I Did It."
He's now one of the foremost experts on entrepreneurship and careers, sharing his theories through his podcast "Masters of Scale," presentations, essays, and books. He's built one of the most robust networks in Silicon Valley — Tesla/SpaceX's Elon Musk and Facebook's Mark Zuckerberg and Sheryl Sandberg are among his many friends — and he's always gathering insights from them.
On this episode of "Success! How I Did It," Hoffman talks about how he sees his place in the world, his 30-year friendship with his political opposite Peter Thiel, and his love of playing board games.
You can listen to the podcast below:
Subscribe to "Success! How I Did It" on Apple Podcasts, RadioPublic, or your favorite app. Check out previous episodes with:
"Shark Tank" star and real-estate mogul Barbara Corcoran
Former White House press secretary and Fox News host Dana Perino
Zillow CEO Spencer Rascoff
Lyft president John Zimmer
Following is a transcript of the podcast; it has been lightly edited for clarity and length.
Courtesy of Reid Hoffman
Rich Feloni: Let’s start at the beginning — a young Reid Hoffman playing board games.
Reid Hoffman: Probably my younger self would be embarrassed about how less good my older self would be. But, like, in Settlers of Catan, I think it's one of the most entrepreneurial of the kind of social board games because it involves trading — you trade resources and so forth — and that kind of dynamic actually makes it much more entrepreneurial than your typical kind of board game slash war game.
There's nothing obsessive like a kid. I spent literally days and days and days and days just doing that, and that led me to a sense of strategy, which was then, of course, very helpful when I later got to my entrepreneurial and business life.
Feloni: So we have that experience from your childhood carrying over into adulthood. You grew up in California, but you persuaded your parents to send you to a boarding school, Putney School in Vermont. That's far from your typical school, right?
Hoffman: It is. I got bitten by the independence, to be out of the house a little earlier than your average kid. And part of what appealed to me about Putney was that, in addition to having academics, it was doing blacksmithing and woodworking and working on the farm and art and a bunch of things that I wouldn't otherwise had experience to do.
I think it really led me to the view that you could, in fact, construct your own path because there were lots of paths available, and then the second was almost like a very pragmatic kind of "work on solving the problem" versus "being an expert within a discipline." This kind of entrepreneurial focus on a personal life — not necessarily on building companies — but on the how you take risks and how you cut your own path and how you think about just solving the problem versus identifying yourself as, "Oh, I'm a member of this discipline" — like, "I'm a product manager," or "I'm an artist," or "I'm a lawyer," but rather, "These are the problems I'm working on. This is how I'm making a serious difference in the world."
Meeting Peter Thiel
Greylock Partners
Feloni: Your next stop was Stanford, and that's where you met Peter Thiel.
So Thiel, the billionaire investor — he's quite controversial. He's as much known today as being the first investor of Facebook as he is for being President Donald Trump's connection to Silicon Valley. On the surface, you guys can seem to be total opposites, but you've had a long running friendship. How did the two of you even end up becoming friends?
Hoffman: Peter had heard about me as this really lefty person, and I'd heard about him as this really right-wing person, and we ended up being in the same philosophy class. And we heard about each other — "Oh, we need to talk" — and then we started talking and arguing, and the first umpteen conversations were all literally discovering all of the areas where we disagreed. Part of the reason that our friendship formed was that in those discussions we both realized that we had a real strong belief in truth; we had a real strong belief in discourse as the way of getting there; we had a strong belief in kind of listening to alternative perspectives. And I know that he certainly made my thinking a lot sharper, and I hope I did the same for him.
Feloni: Yeah, and didn't you guys have a public-access show together where you debated politics?
Hoffman: We did that very briefly — I think it was 1996. This was actually a Peter idea. He said, "You know what we should do is we should do a public-access TV show with this," and so we would invite on guests, and through a set of topics around the guest, we would argue with each other, and I think the guest was, like, "Huh, I guess I'm here to be kind of dodging between the two of you."
Becoming a public intellectual
Courtesy of Reid Hoffman
Feloni: As you continued your education, you got your master's in philosophy at Oxford. I think a lot of people would probably joke that someone who is getting their master's in philosophy would be setting themselves up for a life of poverty, but clearly things didn't go that way. How do you think that studying philosophy — studying abstract thought — helped get you to where you are today?
Hoffman: So a couple of ways. A simple one is that philosophy is a study of how to think very clearly and, for example, when I'm being an investor, which includes being an entrepreneur, because as an entrepreneur you're kind of an all-in investor: formulating what your investment thesis is, what the strategy is, what the risks with the approach are, what kinds of things you would be doing with it — are all greatly aided by the crispness of thinking that comes with philosophical training.
One thing every entrepreneur in consumer internet is doing is essentially embodying a theory of human nature as individuals and as a group for how they'll react to the service, especially if it's community or network properties, how they'll interact with each other, how this will fit in their landscape of how they identify themselves and how they communicate or transact with other people. That's particularly of course part of the reason why, at Greylock, I tend to look at networks and marketplaces centrally in my investment thesis, and these kinds of things are the concepts that actually come out of philosophy. There's almost a sense in which part of being an entrepreneur or being an investor is being an applied philosopher or an applied anthropologist.
Feloni: Before you went the business route, you were thinking that you were going to be a public intellectual, but then you ended up going into tech. Could you kind of give me the moment when you realized that you needed to really have this shift in the plan that you had set out for yourself?
Hoffman: Well, my goal was, how do I help humanity evolve? And what that means is, how are we better as individuals and as a society — as a group?
And my original thought was, I could become an academic and then be a public intellectual as an academic, writing essays and books that would cause people to reflect and grow in this direction and I myself grow and discover through those books. And then what I realized from my experience with academia is that academia is, kind of default, fairly hostile to academics being public intellectuals. They want them to be scholars, they want them to be in the narrow focus of that discipline, and I realized very quickly that that wasn't me. I didn't have the interest — perhaps I didn't have the talent — and it was just something that I didn't really want to do.
And so that was what started me thinking about, like, well, if what a public intellectual is doing is writing essays and books in order to help humanity scale, what are other ways to possibly do that? And I realized that software was another form of media, and so if you actually work on the software as the media object, that's something that could then in fact have a similar kind of impact, which is kind of helping humanity at scale, and helping humanity both the individuals and the group think about, like, who are we and who should we be and how do we get there?
Stanford is such a central part of Silicon Valley that helped me encounter those thoughts and think about them as an option, where, if I hadn't gone to Stanford, it's unclear I would have thought of that.
Feloni: That's a tremendously big goal, trying to impact humanity as a whole. Was that ambition something that drove you throughout your career and still is driving you?
Hoffman: Yeah, and very much so.
I tend to think that you should always have a fairly big goal, and I, of course, know that the likelihood that I'm going to make big changes for the billions of people on the earth is very difficult. Luck will play a huge component of it, but as you think about it, you go, OK, well, maybe I won't get the billions. Maybe I'll only get to hundreds of millions or tens of millions, as the impact that comes out from the kind of work that I'm doing and I help improve how a very large number of people live. How, in the case of LinkedIn, their economic career transforms, and what kind of economic opportunities they have.
Feloni: How much do you think success is a matter of effort and hard work, and how much do you think would be luck in terms of where you were born, who your parents are, gender, race, et cetera?
Hoffman: So this is one of those false-dichotomy questions because the answer is massively both, right?
Some people who are successful like to say, "It's all skill! It was my capabilities!" And it's, like, "No, no."
Like, I was lucky to have been born in the Stanford Hospital, to have gone to Stanford, to know about the network, to participate in it, to make some great friends and connections that kind of helped me along with it. All of that stuff is hugely serendipitous. On the other hand, you also try to think and act as strategic as you could, you try to learn constantly, you work hundred-hour weeks, are constantly kind of trading lessons and information with each other in order to make it happen.
So the short answer is, it's both massively luck and massively hard work. Sometimes it's more luck than hard work, and sometimes it's more hard work than luck. But every success requires both.
Starting a social network: part one
Courtesy of Reid Hoffman
Feloni: So back to this notion of your aspiring to be a public intellectual. You essentially became one for entrepreneurs. You founded your first company in 1997, SocialNet.com, which was an early social network. Do you consider being an entrepreneur foundational to your identity, and, if so, was it always there? Or when did you realize that?
Hoffman: I actually never really thought about myself as an entrepreneur until years into LinkedIn, which is after I had founded my second company. What I had been focused on, almost from those early days at Putney, was just building stuff, being a public intellectual, making something happen, and then what's the way you do that?
Oh, well, you raise some money, you hire some people, you launch your product. It's what an entrepreneur does, but it wasn't like my identity was: "I aspire to be an entrepreneur. I think of myself as an entrepreneur." I was more thinking of myself as, "I'm a person who is helping create ecosystems, and what's the way that I can do that?" And I realized that one of the pieces of progress that we're making as a society and as a world is realizing that entrepreneurship isn't just the odd kid at school or the occasional or random thing, but, at least in some areas of the world like Silicon Valley and China — but also a number of others; entrepreneurship is spreading — to almost be a pattern that's a choice, not for everybody, but for a number of people. And the creation of these companies and these products and services is part of how we're going to create more products and services. We're going to create more jobs.
And so then I became an advocate for entrepreneurship, and, exactly, as you mentioned, in some sense, a substantial part of my kind of current expressions as a public intellectual is about why entrepreneurship is key, how to do it well, what are the key lessons for it, how to think about it from everything from as a government or as a corporation, but also entrepreneurs building new, interesting companies.
Feloni: You essentially saw the rise of social networks before that even became a thing. Maybe you were a bit too early there. But when you had a chance a few years later to be the first investor in Facebook, you turned it down. How do you figure that?
Hoffman: Oh, actually, I didn't turn down that investment. Because I was worried about the appearance of conflict with LinkedIn, I sourced it to Peter and then I co-invested a small amount of dollars along with Peter. So it was financially very expensive, but it's always good to act first and foremost with a sense of ethics and integrity, and what I had been worried about was that people would say, "Oh, well, you're both invested in Facebook as a lead investor and you're doing LinkedIn," and I said, "OK, well, Peter has no conflict, so he can lead and then I can essentially co-invest."
So I would say that as part of the social revolution on the web, in addition to my very first company being SocialNet — which kind of lacked some key components — starting LinkedIn, investing in Friendster, investing in Facebook, investing in Flickr, right? There was a wide variety of these social movements.
Feloni: What do you think that SocialNet was missing?
Hoffman: I had had this notion of having a network be a platform, and what a platform is, is a number of applications are built on top of it. But a network is a platform primarily when it has your real identity and real relationships. When it is, in fact, Reid Hoffman and Reid Hoffman's colleagues and friends and so forth.
SocialNet still used what was very prevalent in the first stage of the internet: pseudonyms. Right? So you would choose a fake name so that you could hide behind it because quote, unquote cyberspace was dangerous. And there were good things in SocialNet: It had a really good "how do you match two people together who might share interests, how do you make a platform of that in terms of profiles and micro profiles for matching together, how do you allow two people to be anonymous to each other and start communicating and then reveal identity?" All of that was you know useful and interesting early work, but it lacked this identity and relationships as a network platform, which I think is key to part of the reason why we've had the entire social web revolution, or web 2.0.
Joining the PayPal Mafia
AP
Feloni: You ended up at PayPal. Thiel was one of the founders. And you started off on the board and then ended up working full-time as an executive there from 2000 to 2002. This was the age when �� and I know you hate the term — what a lot of people like to refer to as the "PayPal Mafia," which was just an intense collection of very talented people, including Thiel, yourself, Elon Musk, the founders of YouTube, the founders of Yelp. What was the energy like at its peak, and how do you manage so many alpha personalities all at once?
Hoffman: Well, fortunately, this is a little bit more Peter's problem than mine, but PayPal did hire very entrepreneurial, very high analytic, clock-speed-IQ folks who were very focused on succeeding, and part of what allowed us to kind of naturally pull together and be and work pretty intensely was that PayPal got started kind of in late '99 — it got started a little earlier than that, but it got launched in late '99 — and then as we kind of went to market, the internet crash, the bust, started to happen, and so pretty quickly PayPal was one of the very few companies that had really interesting prospects that it could still create something that was big and valuable. It wasn't the only one — Google was there, et cetera — but it was one of the companies that had that kind of unique characteristic and so everyone had a tendency to put aside their own tendency to say, "Well, it's my idea — I want to be in command" to "Boy, this is a really valuable company, and I want to make it work. OK, let's work together to make this work." But there was a tremendous amount of, like, very strong personalities. I think it was partially circumstances, partially love of the mission, and partially the difficulties of the time that kept the ship together.
Starting a social network: part two
REUTERS/Mike Segar
Feloni: You began a new chapter in your career when you cofounded LinkedIn, in 2002, and that was after PayPal sold to eBay and everyone in that executive group — that high-powered group — kind of went off, started their own companies, became really influential in Silicon Valley. You've said that when you cofounded LinkedIn, you weren't exactly passionate about professional networks themselves the same way that you weren't really passionate about online banking at PayPal. So do you recommend that people prioritize market opportunity over passion? Or is there a way to find balance?
Hoffman: Well, the good news is it wasn't that I didn't care about them; they just weren't the top thing in the world for me. So actually, in fact, the answer to your question is, you do a cross product, an intersection of market opportunity for building something new, entrepreneurial, et cetera, the teams and resources and assets available to you, and the things that you're passionate about.
And so the notion of getting everybody better enabled through their network, to maximize your economic opportunity, is part of how you really advance society. And so that form of it really interested me. Now, some people approach it as professional networking. For example, I walk up to people at cocktail parties and hand people my business card and try to explain — kind of cold-calling them — why it's great to do business with me, and that's not something that I'm passionate about, and we enable that, too.
But the thing that I was kind of looking at was, "How do you essentially enable everybody to share information and connectivity to other people in order to best realize their economic opportunity?" And that's something that's important to me — maybe not the top thing in the world, but definitely important to me.
And then, similarly, with PayPal, part of PayPal was saying, "We'll actually in fact enable a swath of entrepreneurship because participating in electronic payments is extremely important for the acceleration of your business." And if you're an individual person, or you're a small business, being able to participate in electronic payments is really important and that actually unlocks a lot of entrepreneurship. And that is also something that is super important. So it isn't that I didn't care about them — it was that they were like, "Oh, they're important things, just maybe not the most important things." But they were important things that had the right product market fit and the right opportunity at the right time.
Feloni: So at LinkedIn you served as CEO for four years and then eventually you found your perfect CEO with Jeff Weiner in 2009. When did you know that it was time to step back, and when did you know that Jeff was going to be the person you were going to stick with?
Hoffman: So I knew that my best capabilities are around being a strategist, a product-strategy person, a business-strategy person, a collaborator, and not, per se, in the CEO job. Because the CEO job as you scale becomes very much a "How do you build a high-performance organization?" — which I appreciate, which I have learned a great deal of things about, but which is not the kind of core thing that I focus on.
And so I knew from a fairly early day that I would want to hand over the CEO reins. I wouldn't want to go through my whole professional career being a CEO at all, let alone, like, by the way, a CEO of LinkedIn, but I just didn't want to be a CEO. And so I was looking for: When do you have the right kind of raw acceleration and value in the network that bringing somebody in so that they would then be essentially a later-stage cofounder? Because they so much valued the mission, valued the progress that you're making, your inertia, your kind of default momentum? Part of what made it very clear very early that Jeff was the right CEO is that he had actually really started embodying, acting as a founder. For example: "I have a vision for what the company is doing," but it's like, "I have a vision for how I'm transforming the world, I have a different way of thinking about this product and thinking about their transformation." And then that together, with recruiting some great executives, you know, being a very sharp product person, which is important in the consumer internet, all those things led me to go, "Oh, yes, Jeff is the right guy."
Feloni: Then last year, Microsoft acquired LinkedIn for $26.2 billion and you joined the board of Microsoft. How did you decide to make that decision?
Hoffman: Well, any of these kinds of decisions are, in fact, very difficult. I mean, one of the things that Jeff and I and the exec team at LinkedIn share is, we're in service to the mission. So the mission is: How do you enable as many people to have as many transformative economic opportunities as possible? How do you allow them to take control over their own career progress, their own economic progress? And what the decision, fundamentally, came down to is, is that better in combination with another company or is it better solo? And we basically said, "OK, let's take a look at that." And with Microsoft, and that fact that it's already focused on, as a mission, how do you make organizations more productive, how do you make individuals more productive? There was a natural alignment of those missions, and we realized that we could better reach our mission combined.
Making a difference through investments
Max Morse/Getty
Feloni: Parallel to LinkedIn, you've had a career as an investor, and today you're a partner at the venture-capital firm Greylock. Can you use the example of your decision to invest in Airbnb in 2009 as an example of what you look for in an investment — and what that meeting was like?
Hoffman: At Greylock we tend to have a depth of expertise in both consumer internet software and enterprise software, and, in both cases, we tend to say, "Look, we ourselves have been company builders, we've built products like this, we've built companies like this." And so we have a very good pattern for both recognizing what's interesting, and also we aim to be the best possible help to entrepreneurs within these two areas.
And for me, as I had mentioned a little earlier, that tends to be networks and marketplaces, and obviously Airbnb is a marketplace for space. Brian and Nate and Joe sat down with me on a weekend and started running me through their pitch, and I think it was only a couple minutes in that I said, "Hold on. I personally would like to invest, and I'd like to bring you into the partnership. This could be rapidly huge. It could be industry-transforming." And that's almost always what I look for in investments. We went from that meeting to a partner meeting — I think a few days hence — to an offer for investment the next day.
Feloni: Do you typically work that quickly when investing?
Hoffman: Sometimes you do. Sometimes you might meet with an entrepreneur on the weekend, bring them in partnership on Monday, and give them an offer that afternoon. Sometimes it may take a few weeks, doing due diligence, thinking about it, trying to understand the entrepreneur and the business. It all depends both on the idea, and how much information you have on the company and the entrepreneurs going into the first meeting.
Feloni: And as you've grown your network, you've gotten connections in politics, you've backed Hillary Clinton and were an initial investor in the entrepreneur Mark Pincus' "Win the Future" movement, which is a grassroots movement for progressive politicians. How do you think you can effectively wield influence in a public way as someone who's coming from a position of power and with a lot of money to invest if Americans are increasingly wary of money's influence on politics?
Hoffman: Well, just because it's money doesn't necessarily mean it's corrupting or challenging. I think with power comes responsibility; it's essentially "Spider-Man" ethics. And money is, essentially, reification of assets, of essentially power, and so for me, what I try to do is I try to do a set of investments and things that really enhance human potential, including within political or other arenas. Overall, I would say that I kind of take a Silicon Valley investing approach to the whole thing, which is, I look for where I can invest money, time, support, and a project could make a really big difference in the world, including potentially a really big difference in providing the right sort of governance for the society that we all live in.
Feloni: What would you advise to some of the listeners who are wondering how they can improve their professional network and kind of want to avoid that whole just-passing-along-business-cards sort of deal?
Hoffman: I mean, this is part of the LinkedIn design, which is: It's much better to get an introduction, a warm connection, than it is to cold call. Sometimes a cold call is all that's available to you, but when I'm introduced through somebody, it's like, "Oh, this person's known this person for a while, they're trustworthy, they're good to do business with, they're really committed to the long game, and playing it out," and all that stuff is really helpful in knowing, "Well, should I really dig into and really understand this business?" And so the general advice to entrepreneurs is figure out how to get a good, warm introduction. And of course you don't have to use LinkedIn, but LinkedIn is a good way to figuring out what that possible mutual connection might be.
Feloni: Thank you so much, Reid. I really appreciate the time.
Hoffman: Likewise.
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What Sold at Dallas Art Fair
Photo courtesy of Dallas Art Fair.
Are Dallas collectors the honey badgers of the art world? Dealers at the ninth annual Dallas Art Fair seem to think so.
“If they see something they like and they can afford it, they buy it,” said Wendi Norris, founder of the seven-year-old Gallery Wendi Norris in San Francisco. Honey badger don’t care.
“There’s a deeper authenticity in what they like and what they’re collecting,” Norris added, a quality she says makes her work more rewarding and drew her back to Dallas for her third year in a row. She sold both of the large-scale Eva Schlegel photographs she brought for $26,000 and $22,000, to two prominent local collectors, both of whom were new to the gallery.
An overseas dealer agreed. “They’re more open-minded,” he said. “They don’t have the ‘idiot package’,” which, he said is when someone who “has money to blow, goes to a blue-chip dealer and gets one Murakami, a Jeff Koons, a Damien Hirst.”
Dallas has always been an original, iconic city, once known for its big money and big hair. At the art fair, you’re more likely to hear about the locals’ big hearts, big homes, and big personalities. That’s not to say the money isn’t there—the city revolves around philanthropy, powered by money old and new.
The social calendar is packed with galas, many of them hosted by the city’s prominent arts patrons. Several dealers traced their decision to attend the fair back to their artists’ success at Two x Two, the October fundraiser organized by collectors Howard and Cindy Rachofsky, whose proceeds from the auction of donated art benefit amfAR and the Dallas Museum of Art (DMA). Three major collectors, the aforementioned Rachofskys, Deedie Rose, and Marguerite Hoffman, have all pledged their collections to the DMA, and other local collectors sit on boards of other major arts institutions, such as the Nasher Sculpture Center and the Dallas Contemporary, a non-collecting institution in the city’s growing Design District.
Installation view of Taymour Grahne Gallery’s booth at Dallas Art Fair, 2017. Courtesy of Taymour Grahne Gallery.
And their ranks are growing, both in Dallas itself and in Texas’s other major cities, despite the oil price slump of the past few years. Austin, a few hours’ drive away, is a burgeoning tech hub. The Dallas-Plano-Irving metropolitan division saw employment grow 3.7% over the year through February, the largest percentage increase in the nation, with 91,500 jobs added in that 12-month period. Nearly a fourth of those were in the professional and business services field, according to the Texas Workforce Commission. The Dallas-Fort Worth-Arlington metropolitan statistical area’s GDP clocked in north of $485 billion in 2015, according to the Commerce Department, making its economy slightly larger than Poland’s.
“Culture follows commerce,” said John Sughrue, a genial real estate investor and developer who co-founded Dallas Art Fair with Chris Byrne, in the two-story Fashion Industry Gallery developed by Sughrue’s firm. The fair, now up to around 95 galleries, about 40% of them international, unfolded over four days in downtown Dallas’s Arts District, a few blocks from the Nasher, the DMA, new condo developments, several high-end hotels, and a glittering outpost of the city’s renowned clothing boutique Forty Five Ten. Sughrue estimated that 50% of new home developments were being built in modern styles, positioning the city for ever more consumption of contemporary art.
And the city sprawls, offering space for collections to grow into locals’ Texas-sized homes and inexpensive warehouse capacity. Tammy Cotton Hartnett, a local collector and board member of Dallas Contemporary, said many collectors here have multiple storage spaces, “which allows them to purchase more.” Several of the city’s prominent private collections, such as that of the Karpidas and Rachofsky families, are housed in large hangar-like spaces where they can be visited by appointment. Hartnett noted the city also attracts wealthy residents from overseas—“from Paris, from Mexico City—anyplace with [economic] volatility,” she said, thanks to Texas’s lack of an income tax.
And unlike honey badgers (who are apparently actually kind of nasty), Dallas collectors are a warm and collaborative bunch, ginning up support for the arts amongst their friends and peers, and sharing tips on artists and galleries they like.
The fair itself has been one way for collectors to band together and support the arts. Gowri and Alex Sharma, two art lovers and supporters of the Dallas Art Fair Foundation Acquisition Program, helped bring new members to the fund and double the acquisition budget this year to $100,000, through the donations of 10 individuals or couples, and a matching grant raised through the fair’s opening night gala.
Untitled (217), 2016. Eva Schlegel Gallery Wendi Norris
Derek Fordjour, No. 73, 2017. Courtesy the artist and Luce Gallery. Courtesy of Dallas Art Fair.
The Sharmas jokingly call themselves “ambassadors” for the acquisition fund, happy to talk to anyone about what it has purchased and why, in order to generate critical dialogue among the city’s professional class. The acquisitions—seven pieces by six artists—were announced Thursday morning, and included an acrylic and mesh piece, Bread Winners (2017), by Summer Wheat of Fridman Gallery in New York, two paintings by Derek Fordjour, No. 73 (2017) and What will you do to help us Win? (2017), from Turin’s Luce Gallery, and a sculpture, Levelland (2017), by Justin Adian of New York and London’s Skarstedt.
“We’re all people who can buy art, good art, and we can share that passion,” said Alex, who sees the cultivation of a substantial pipeline of up-and-coming collectors as critical to making Dallas’s art scene sustainable.
The fair plays an important role in helping develop that subset of collectors, both by bringing them in for a gander (many of the works have relatively accessible prices, with paintings and sculptures starting in the low four figures), and through the multiple satellite events that happen over the week and the entire month of April.
John Runyon, one of Dallas’s leading art advisers, said the strength of the city’s art scene was its continuity—between different generations of collectors, its galleries and the fair, the institutions, and even commercial venues such as Forty Five Ten, where he’d curated a Juergen Teller exhibit during the fair, or the Dallas Cowboys stadium, which features more than 20 works of contemporary art from the likes of Jenny Holzer and Doug Aitken. He’s a key part of that network too, helping recruit international and top-tier galleries to the fair, noting that some of his younger clients may not have the ability to travel as much as those who make the art fair circuit part of their lifestyle.
“There’s a whole strata of young collectors…who want an easy, comfortable buying experience in their hometown, he said. “It’s not always easy to go around all over the world when you’re trying to make a living.”
Frank Elbaz, the founder of the eponymous gallery in Paris, said the presence of what he calls “middle-class collectors,”—the doctors, lawyers, and other well-paid professionals who enjoy art, visit galleries and collect works in the mid-five figure range—combined with the fair and its proximity to Houston and Austin, made the city an extremely attractive place for his first U.S. outpost.
Untitled, 2017. Bernard Piffaretti galerie frank elbaz
Joan Didion, Celine Campaign Spring Summer 2015, New York (Uncropped), 2014. Juergen Teller Lehmann Maupin
Elbaz bypassed New York and Los Angeles (“I don’t see the point of adding one more gallery to the long list,” he said) and opened a space just across from Dallas Contemporary, where he hosted the opening of the group show Paris Texas on Friday night, featuring works by Francis Alÿs, Julie Cook, Robert Rauschenberg and Blair Thurman.
He said that the city’s relatively compact gallery scene offers a greater concentration of support from its major patrons than would be the case elsewhere. “They come for every opening,” Elbaz said of the big Dallas collectors and curators such as Gavin Delahunty of the DMA. And unlike in saturated art hubs, the locals are happy to linger. “I can spend 30 minutes with Howard Rachofsky,” he said. “This kind of meeting is worth a hundred dinners at Art Basel Miami.”
Many other fair exhibitors cited the fair’s leisurely pace, and the meaningful interaction it allows, as a huge plus. Anna Stothart of Lehmann Maupin, a former curator herself, said she had been able to meet with Jed Morse from the Nasher, Alison Hearst from the Modern Art Museum of Fort Worth, and Suzanne Weaver the San Antonio Museum of Art. And in the meantime, the gallery sold well: a neon sculpture by Tracey Emin, a Catherine Opie football landscape, Pettitoe, Suffolk (2011) by Juergen Teller, and Teller’s large-scale photograph of Joan Didion that’s been used as an advertisement for the fashion house Céline.
There was also plenty of appetite for emerging artists, said Taymour Grahne of the eponymous Tribeca gallery, who was in his second year at the fair after hearing about it from other New York galleries. “People aren’t just interested in the big names,” said Grahne. “They like the work, they acquire the work. It’s not a checklist like in other cities. They’ve never heard of the artist, no problem. They like the discovery aspect.”
He said he had found it easy to plug into Dallas. “People end up bringing their friends, and the circle keeps on expanding,” he said, noting also the institutional support from museums and their boards, and the added of meeting Houston collectors too. He said two clients he’d met last year in Dallas had visited the gallery in New York, and had since bought from him. This year he placed paintings by Matthew Fisher, Austin Eddy, and Ryan Schneider, all with private collectors, a mix of new and old clients. The works in his booth ranged from around $800 to $15,000 for larger paintings by Yui Kugimiya, who is in the Museum of Modern Art’s collection.
Platform, 2012. Gil Heitor Cortesão Carbon 12
Study for VideoSculpture XIV Shudder, 2017. Emmanuel Van der Auwera Harlan Levey Projects
Kourosh Nouri of Dubai’s Carbon 12 Gallery is another dealer who heard about the fair from gallery friends, but the draw was also obvious: “It’s the size of a European country.” He said Dallas collectors were also distinct in spreading the word to their friends about new artists they’ve found; he contrasted that to an attitude common in Europe, where collectors may closely guard artists they’ve “discovered.” Nouri placed works by the majority of his artists at the booth, among them Archer Kogl (2017) by Philip Mueller, Fragile (2015), a bronze sculpture by Sara Rahbar, three oil on Plexiglas paintings by Gil Heitor Cortesão, ranging in price from €10,000 to €40,000, and a colorful large-scale painting, Untitled (2017), by Bernhard Buhmann.
Harlan Levey, a native Clevelander whose gallery, Harlan Levey Projects, is based in Brussels, described the city’s collectors as eager to learn. He brought one of the fair’s more conceptual booths, with a video work by Emmanuel Van der Auwera that sold for $17,000, two works by Polish artist Marcin Dudek that went for $6,500 and $12,500 (full disclosure: the smaller piece went to my cousin, a pathologist in Austin and an arts enthusiast who was visiting Dallas Art Fair for the first time), and a TR Ericsson for $25,000, among other sales, making it his best art fair ever, business-wise.
The city’s sculpture tradition was one reason Anat Ebgi’s booth featured a selection of totemic works by An Te Liu. Director Stefano di Paola said the Los Angeles gallery was back in Dallas and focusing again on regional American fairs, after a period of doing mostly European fairs and cultivating relationships there.
One of Three Shades (Aluminum), 2015. Sean Townley Night Gallery
Tropos I/I/II (for Djuna Barnes), 2016. An Te Liu Anat Ebgi
“People loved the work and we made great sales,” di Paola said, pointing to several works by Liu, including Tropos I/I/II (for Djuna Barnes), (2016) for upwards of $30,000 and two works from Liu’s Eidolon series for around $7,000 to $8,500, all to local collectors.
“And they say sculpture’s hard to sell.…Not when it’s good!” he joked.
Di Paola greeted Dallas collectors Dianne and Mark LaRoe, who quickly dove into the gallery’s iPad offerings and settled on a large pink and red canvas and thread woven work by Ethan Cook that was not in the booth. Before they sealed the deal, Mark took a step back and looked at the Cook canvases on the wall, and did what he said is his regular background check on an artist.
“Tell me about him,” he said. “Is he a good person?”
—Anna Louie Sussman
from Artsy News
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