C-III Under New Management

Since July 7th 2017, the new president of C-III Asset Management has been Barry Davis. Davis joined C-III in 2010 after the addition of Centerline’s servicing business. Davis took the position as chief operating officer position in 2011. Davis along with Lindsey Wright and Jenna Unell make up the new face of C-III’s executive management team. Wright has joined the management team as senior managing director and Unell has joined as general counsel. The firm is run under the leadership of Andrew Farkas, who serves as Chairman and CEO.

Clarion’s New Alliances and Departures

LM will soon create a mutual asset investment by turning its very own Permal Group subsidiary and EnTrust Capital (under Gregg Hymowitz) into one collective asset. This will increase its hedge funds accounts considerably into a $26 billion business. The company will also be able to garnish a growing trend of up to 83% through the increase in value and shares available to Legg Mason through its Clarion partnership. This will cause LM to gradually generate funds up into the billions in profit, because of its ownership of the $585 million stake it owns in Clarion, which is already a $40 billion market in real estate and investment properties. According to Marron Clarion’s involvement in his own company was a necessary component to their real estate market.

New York’s Polystyrene Problem

Recently Judge Margaret Chan overturned the New York foam ban that restricted he use of foam containers, stating they could be recycled in a cost effective way.

Dart Container Corporation Wins Its Suit against New York City

Dart Container Corporation Wins Its Suit against New York City

Dart Container Corporation recently won its claim against the New York foam ban. Dart is one of the largest producers of expanded polystyrene in the world, and the city of New York banned the use of the products because they could not be recycled. Dart took swift action in the case by offering concessions to the city, but a more direct approach was required. A win in this case changes the way Dart and New York City will work together on recycling initiatives. #1: New York City Could Not Recycle Expanded Polystyrene New York City has been trying to keep itself clean since Rudy Giuliani became mayor in the 90s, and their efforts to recycle as much trash as possible came to a halt over expanded polystyrene. The city did not believe that expanded polystyrene could be recycled properly, and a citywide ban on the product was instituted in 2013. Dart took action by offering to help the city to no avail. #2: Dart Offers to Pay Startup Costs Dart Container immediately offered to pay for the startup costs of a new recycling system that would filter out expanded polystyrene and plastics. The city would not have paid a dime for the service, and everyone would have won. The city did not accept Dart’s offer, and the ban still went into effect. Dart Container was forced to file suit to stop the ban. #3: The Legal Fight The Sanitation Commissioner of New York City determined that the city could not feasibly recycle these foam products, and several other companies joined Dart in the fight to lift the ban. A...

Mr. Whoopy Sold to Saer Coulter

Source: chronofhorse.com Jumper rider Saer Coulter will be adding a new grand prix mount to her stable: Mr. Whoopy. Coulter’s family farm, Copernicus Stables, purchased the Hanoverian stallion (Contendro—Whoopy, Watzmann) from Simone Otus Coxe earlier this week. Mr. Whoopy, 12, campaigned through the 1.60-meter level with Duncan McFarlane, who rides for New Zealand but is based in San Ramon, Calif. McFarlane has been riding Mr. Whoopy since the stallion was 5 and brought him up the ranks. They finished second in the 2011 HITS Pfizer $1 Million Grand Prix (N.Y.), won two FEI World Cup Qualifiers in 2012, and earned several top placings in 2013 to boost McFarlane to fourth in the current North American West Coast League World Cup standings. “Duncan has done such a nice job bringing him along,” said Coulter, San Francisco. “Being from California, we’ve watched the horse for many years do impressive things. He’s jumped a lot of clear rounds in many different locations, and he’s been really consistent. We were very lucky he became available.” Read...