Michael Dell was the buyer behind the $100.47 million purchase of a penthouse on Manhattan’s Billionaire’s Row, according to two people familiar with the deal. The transaction, which closed in 2014, holds the record for the most expensive home ever sold in New York City.
.. Located in One57, a more than 1,000-foot-tall glass tower on West 57th Street, the duplex apartment totals 10,923 square feet with six bedrooms and six bathrooms, according to an offering plan for the project.
.. It is the first and only property in the city to break the $100 million barrier, public records show, but that record is widely expected to be broken by the sale of a penthouse at a nearby project at 220 Central Park South, which has not yet closed.
.. Last year, Mr. Dell entered into contract to buy another penthouse in Boston. The property is in the Four Seasons Private Residences One Dalton Street and had been on the market for close to $40 million.
.. also bought a $10.9 million condo at Boston’s Millennium Tower in 2016, records show, following a $60 billion deal by his company to acquire EMC, based in Hopkinton, Mass.
Amazon and Big Apartment Landlords Strike Deals on Package Delivery
Amazon Hub program gives the retail giant control over the last mile of the logistics chain
For several years, landlords have struggled with how to manage the mountains of packages they receive each day. Staff at larger buildings end up devoting several hours a day sorting mail, while boxes are piled in every spare cranny. Most say it is the single largest problem they face.
.. The locker program, dubbed Hub by Amazon, will accept packages from all carriers and not just for purchases made on Amazon. They will be open only to residents, not the wider community. Residents will receive a notification when they have a package and a code allowing them to open one of the slots.
Apartment owners pay about $10,000 to $20,000 to purchase the lockers initially and don’t pay a monthly fee.
.. The lockers will also have cellular connectivity so apartment owners don’t have to worry about connecting an Ethernet cable.
.. Owners said Amazon is offering its lockers at about half the cost some other companies previously had been charging.
Study: Blacks’ Median Wealth Will Be Zero in 2053
That racial stereotyping hides the real cause and scale of economic damage to blue-collar and white-collar Americans families amid the rising wealth of the technocratic globalized elite which dominates the Democratic Party and at least half of the GOP.
.. That government failure is exemplified by the housing bubble, which destroyed a huge percentage of wealth held by black Americans.
A 2011 report by the Pew Research Center showed that the median wealth of black American households dropped by 53 percent because of the property bubble. The mid-point median of black American wealth crashed from $12,124 in 2005 to just $5,677 in 2009, according to the Pew report.
.. White Americans suffered far less from the bubble because many had already paid off their mortgages, because their debts were a small percentage of their income, and because whites had more assets in the stock market and other sectors outside the housing market. Still, the median wealth of white households also dropped by a huge 16 percent, from $134,992 in 2005 to $113,149 in 2009.
.. Meanwhile, wages for all men have remained flat for the past 44 years since 1973, according to the Census Bureau.
.. when Obama settled into the White House during the housing implosion, his economic policies helped very clever people invest their way back up to more wealth. The New York Post described the process:
The years 2008 through 2015 should be known as the Great Fleecing.
During that time, the greatest transfer of wealth in the history of the world occurred. Some $4.5 trillion was given to Wall Street banks through its Quantitative Easing program, with the American people picking up the IOU … Who did this help? The 1%, and pretty much only the 1%.
.. The report does not discuss how technology is concentrating wealth among higher-skilled people, and it omits any talk of globalized outsourcing. It also avoids family stability and it ignores the topic of immigration, which has flooded the nation’s marketplace with cheap labor that effectively imposes a 5 percent tax on labor — and then transfers $500 billion a year to company owners and investors.
.. the report then lists a series of unrealistic demands, including a massive tax increase on the wealthy, a massive financial grant to children that could be spent when they become adults, more house-buying aid for poor people, a higher minimum wage, and “a federal jobs guarantee [that] would function similarly to the Works Progress Administration of the 1930s.”
.. But many people of all colors who cannot get through college are falling behind because technology, work, and business are becoming more complex. This increasing complexity ensures that an increasing share of income and wealth goes to people who are smart enough to arbitrage the increasing social and technological diversity, regardless of color.
.. the Democratic elite prefers to import foreign voters rather than accept the equal social status of all blue-collar Americans... four million Americans turn 18 each year and begin looking for good jobs. However, the government imports roughly 1 million legal immigrants to compete against Americans for jobs... That Washington-imposed policy of mass-immigration floods the market with foreign labor, spikes profits and Wall Street values by cutting salaries for manual and skilled labor offered by blue-collar and white-collar employees. It also drives up real estate prices, widens wealth-gaps, reduces high-tech investment, increases state and local tax burdens, hurts kids’ schools and college education, pushes Americans away from high-tech careers, and sidelines at least 5 million marginalized Americans and their families, including many who are now struggling with opioid addictions.
s Secret Service vacates Trump Tower command post in lease dispute with president’s company
.. “After much consideration, it was mutually determined that it would be more cost effective and logistically practical for the Secret Service to lease space elsewhere,” spokeswoman Amanda Miller wrote in an email to The Washington Post.
.. Two people familiar with the discussions said the sticking points included the price and other conditions of the lease.
.. The U.S. military has separately agreed to lease space in Trump Tower for $130,000 a month, according to a lease first reported last month by the Wall Street Journal. That space will be for the White House Military Office, which provides services including communications and the handling of the “football” that the president would use to launch a nuclear attack, the Journal reported.