Alex Sapir and Rotem Rosen?s Israeli public company, ASRR Capital, along with Suzer Group, the Turkish conglomerate led by the Suzer family, bought a large townhouse at 218 Madison Ave. that will be demolished for a 10-story luxury property. The venture paid $18.5 million for the site at the corner of E. 36th St., according to a report in the Israeli media. The plan of the venture is to develop 10 high-end, full-floor apartments, private underground parking, and a gym and spa for residents along with retail and a restaurant led by an important chef, sources said
By Sue-Lynn Moses (insidephilanthropy.com) - Let me know if you’ve heard this one before: With around 60 million people forcibly displaced from their homes due to conflict, the world is currently in the midst of the worst refugee crisis in history. We know—we beat the drum pretty loudly here at IP to bring increased attention to the global refugee crisis—often highlighting those funders that are paying attention and questioning those that aren’t. While most U.S. funders haven’t lifted a finger to help the world’s refugees, there are some notable exceptions—most recently, Tent.org, which offers rapid response grants for immediate refugee relief operations through the $1 million Tent Challenge. Additionally, the organization has managed to bring a group of corporate funders together to take the Tent Pledge.
Rumors have been flowing thick and fast around Greek-yogurt maker Chobani of late, as industry watchers have suggested that founder and CEO Hamdi Ulukaya could be headed for the door, to be replaced by an executive with more "operational" expertise. That's all misinformation and speculation, Chief Marketing Officer Peter McGuinness said in an interview with TheStreet. Chobani has grown quickly and is now the No. 1 selling yogurt brand in the U.S., which has led naturally to some inefficiencies. The company recently built its second factory, for example, and it's the largest yogurt-making facility in the world.
