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And now, a multi-billion-dollar tower featuring floor-to-ceiling glass will add another dimension to the cityscape, according to new details unveiled by New York City Mayor Eric Adams this week. Stretching up 62 stories, a planned office tower at 350 Park Avenue will provide space for more than 6,000 jobs, plus 1.8 million square feet of commercial office space, according to a press release. White columns will frame a new public concourse at the base of the new building on Park Avenue, complete with green space, seating and art displays, images show. Building this new office space comes at a fraught time for the commercial real estate market as businesses struggle to entice workers back to the office after years of working from home. The project will begin the city’s public review process early next year and the tower is expected to be completed by 2032, according to the release.
Persons: Eric Adams, Kenneth Griffin, Rudin, White, Foster, Partners Adams, , , Adams, Meera Joshi, ” Joshi Organizations: CNN, Chrysler, Trade Center, Empire, New York City, Vornado Realty Trust, Citadel, Citadel Securities, Partners, Midtown, Rockefeller Center, St, Grand Central, Midtown —, Central Park Locations: New York, Midtown Manhattan, Patrick’s, York, Fifth, Central
Citadel's Ken Griffin filed plans alongside Vornado and Rudin for a 62-story NYC skyscraper. The mayor's office said the building would bolster an ongoing revitalization of midtown. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Real estate developers Vornado Realty Trust and Rudin Management filed plans for the project alongside Griffin (whose Citadel and Citadel Securities will serve as anchor tenants), the mayor's office said Tuesday. The prices they paid will fund upkeep for both churches, the Mayor's office said, to the tune of $150 million.
Persons: Citadel's Ken Griffin, Rudin, Griffin, , Ken Griffin, Adams, Griffin doesn't Organizations: Vornado, Service, Realty, Rudin Management, Citadel Securities, Saint Bartholomew's, Midtown, Bloomberg, Citadel, Business, Miami Locations: Miami, New York, St, Patrick's, Midtown Manhattan, Chicago, United States
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Rudin co-executive chairman Bill RudinBill Rudin, co-executive chairman at Rudin Management, joins 'Money Movers' to discuss signs of life in the real estate market, how offices are faring relative to pre-pandemic levels, and more.
Persons: Rudin, Bill Rudin Bill Rudin Organizations: Rudin Management
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSeeing positive signs in the commercial real estate sector, says Rudin Management's Bill RudinBill Rudin, co-executive chairman at Rudin Management, joins 'Money Movers' to discuss signs of life in the real estate market, how offices are faring relative to pre-pandemic levels, and more.
Persons: Rudin, Bill Rudin Bill Rudin Organizations: Rudin Management
The Iowa caucuses, which are the opening contest in the months-long Republican presidential primary process, begin at 8 p.m. EST. Trump's political strength heading into the Iowa caucuses, which come 426 days after he launched his 2024 campaign, tells a remarkable story of a Republican Party unwilling or unable to move on from him. On the eve of the caucuses, Trump predicted he would set a modern-day record for an Iowa Republican caucus with a margin-of-victory exceeding the nearly 13 percentage points that Bob Dole earned in 1988. Last month, some presidential campaigns were expecting close to 200,000 Republican voters to participate in the caucus. Associated Press writers Jill Colvin in Des Moines, Iowa, and Adriana Gomez Licon in Council Bluffs, Iowa, contributed to this report.
Persons: Donald Trump, , Hans Rudin, Trump, Haley, DeSantis, Vivek Ramaswamy, Asa Hutchinson, Chris Christie, Joe Biden, Adolf Hitler, “ Trump, Kathy DeAngelo, , Bob Dole, Iowans, Martin Luther King Day, Nikki, Jake Hutzell, hasn’t, There’s, ___, Beaumont, Jill Colvin, Adriana Gomez Licon Organizations: DES, Republican, DeSantis, Arkansas Gov, New, New Jersey Gov, Democratic, Republican Party, Biden, U.S . Capitol, U.S, ” Republican, Trump, Des Moines Register, NBC, South, Iowa Republican, National Weather Service, GOP, ___ Peoples, Associated Press Locations: DES MOINES, Iowa, Bluffs , Iowa, New Jersey, New Hampshire , Nevada, South Carolina, Florida, America, Des Moines, Ames, Dubuque, Washington, Indianola , Iowa, Ames , Iowa, Des Moines , Iowa
Manhattan townhouses took center stage in December, with several big sales and a prominent listing. The film producer Scott Rudin teamed up with a neighbor for a combined listing at 20-22 Bank Street in the West Village. And on the Upper West Side, the real estate developer Charles Bendit, and his wife, Karyn Bendit, closed on the sale of their townhouse. Other noteworthy December closings included the purchase of a co-op through a trust for Sara Lee Schupf, for whom the Sara Lee dessert business was named. All three transactions were on the Upper East Side.
Persons: Scott Rudin, Graydon Carter, Ronald S, Lauder, Stephen Sondheim, Charles Bendit, Karyn Bendit, Sara Lee Schupf, Sara Lee, Thomas E, Harvey, Erica Jong Organizations: Rockefeller, House, New York City Schools Locations: West, New
Sarah M. Kaufman, the executive director of the Rudin Center for Transportation at N.Y.U., said that other cities with congestion pricing programs have usually experienced resistance from the public during its first six months in operation, but eventually support grows. Mr. Samuelsen said the fees, credits and exemptions being considered by the authority do not do enough to help drivers who cannot use transit or who cannot afford added costs. should drastically improve service before the launch of the congestion pricing program in order to encourage more people to ride subways and buses. has stubbornly and moronically stuck to its position that the status quo is adequate,” Mr. Samuelsen wrote in a statement. “As a result, we have a congestion pricing plan that is all stick and no carrot.”Congestion pricing could also drive up the authority’s debt.
Persons: Sarah M, Kaufman, they’ve, Ms, John Samuelsen, Samuelsen, moronically, Mr, Thomas P, DiNapoli Organizations: Rudin Center, Transportation, Transport Workers Union Locations: N.Y.U
Why the Fed should be worried about commercial real estate
  + stars: | 2023-11-06 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy the Fed should be worried about commercial real estateBill Rudin, Rudin Management CEO, joins 'Squawk on the Street' to discuss whether the Federal Reserve should be worried about commercial real estate, his outlook for the real estate sector, and more.
Persons: Bill Rudin Organizations: Rudin Management, Federal
Watch CNBC's full interview with Rudin Management CEO Bill Rudin
  + stars: | 2023-11-06 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Rudin Management CEO Bill RudinBill Rudin, Rudin Management CEO, joins 'Squawk on the Street' to discuss whether the Federal Reserve should be worried about commercial real estate, his outlook for the real estate sector, and more.
Persons: Bill Rudin Bill Rudin Organizations: Rudin, Rudin Management, Federal
Why NYC’s subway is struggling
  + stars: | 2023-09-21 | by ( Shawn Baldwin | ) www.cnbc.com   time to read: +1 min
Hybrid work has meant fewer riders on New York City's subway and a drop in fare revenue for the system's operator, the Metropolitan Transportation Authority. The number of paying weekday subway riders averaged 3.6 million in June, according to the MTA, compared with daily ridership of almost 5.5 million in 2019. Inflation and transit crime have also impacted subway ridership. The MTA is the operator of New York's more than 6,400 subway cars, more than 5,700 buses, two of the country's busiest commuter trains, and multiple bridges and tunnels. So when will New York City subway riders return in greater numbers?
Persons: Sarah Kaufman, New York University Rudin, they're Organizations: Metropolitan Transportation Authority, New York University, New York University Rudin Center for Transportation, New Locations: New York, New York City
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBill Rudin on NYC commercial real estate: We need more supply to come on to convert into housingBill Rudin, Rudin Management Company CEO and co-chairman, joins 'Squawk Box' to discuss New York City's real estate landscape, the looming commercial real estate crisis in the city, and more.
Persons: Bill Rudin Organizations: Rudin Management Locations: New
Amazon One is a type of biometric-based form of payment which uses your unique physical features, such as your face or palm print, to authorize payments. This means customers who sign up for the Amazon One program won't need their wallets or phones to pay for groceries. To its credit, Amazon says its palm scanners use liveness-detection technology and are able to tell the difference between a live palm and a fake one. Consumers should also be aware that the database where their biometric data is stored could potentially be hacked. It's important to understand that your biometric information is some of the most sensitive data you create, says Greer.
Persons: you'll, that's, Hafiz Malik, Malik, Evan Greer, Cynthia Rudin, Rudin, Greer, That's, Warren Buffett Organizations: Foods, University of Michigan, Corporations, CNBC, Duke University Locations: U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe city's coming back as occupancy is beginning to rise, says Rudin Management CEOBill Rudin, Rudin Management CEO, joins 'Squawk on the Street' to discuss what the world of commercial real estate looks like right now, developer's mindsets, and more.
Persons: Rudin, Bill Rudin, developer's mindsets Organizations: Rudin Management
Should public buses be free?
  + stars: | 2023-07-08 | by ( Nathaniel Meyersohn | ) edition.cnn.com   time to read: +10 min
New York CNN —More major cities in the United States are letting public transit riders hop on board for free. Boston is piloting three zero-fare public bus routes, and New York City is expected to test free buses on five lines. Fares made up, on average, 12.5% of transit agencies’ operating expenses in 2021, down from 31.4% in 2019, according to the American Public Transit Association. “By offering free public transport, we are not really attracting car drivers in large volumes,” said Mohamed Mezghani, secretary general of the International Association of Public Transport. “There’s no such thing as free transit,” he added.
Persons: Michelle Wu, , , Lane Turner, Stephanie Lotshaw, American Public Transit Association . Massachusetts Sen, Edward Markey, Ayanna Pressley, Wu, Matt Stone, Henry Bendon, ” Bendon, Fares, Pat Greenhouse, Mohamed Mezghani, Sarah Kaufman, There’s, Boston Mayor Wu, Olivier Douliery, Richard Jarrold, Jarrold Organizations: New, New York CNN, Boston, CNN, Boston Globe, American Public Transit Association . Massachusetts, US, MediaNews, Boston Herald, Getty, Richmond, Agency, American Public Transit Association, Kansas City, International Association of Public Transport, , Rudin Center, Transportation, New York University, Boston Mayor, Getty Images Washington, Transportation Authority Locations: New York, United States, Kansas City, Raleigh, Richmond, Olympia, Tucson, Alexandria, Virginia, Denver, Boston, New York City, America, Tallinn, Estonia, Dunkirk, France, Luxembourg, Washington ,, AFP, Kansas
Long gone are the days of eerily deserted Manhattan streets as New York City ground to a near-halt during the height of the COVID-19 pandemic. Cars fill Midtown amid the coronavirus pandemic on March 19, 2021 in New York City. The Empire State Building and Tourist District are seen while Traffic jam is reported along the route to New York City on August 17, 2022, in Jersey City, New Jersey. Komanoff said most congestion pricing advocates agree — they don't want drivers who enter lower Manhattan through the tunnels to pay the full congestion toll. But congestion pricing still has a long way to go, particularly as long as New Jersey leaders stand in the way.
Persons: Kathy Hochul's, Long, Kathy Hochul, Gottheimer, Jersey Sen, Bob Menendez, Phil Murphy, Noam Galai, it's, Charles Komanoff, Komanoff, Sam Schwartz, Eduardo Munoz Alvarez, George Washington, Sen . Menendez, Bill Pascrell, Schwartz, Hochul, Murphy, Sarah Kaufman, University's, Ritchie Torres, Tom Williams, Torres, he's Organizations: Gov, New, New Jersey Democrats, Morning, Metropolitan Transportation Authority, New York Gov, Central Business District, Federal Highway Administration, MTA, Democratic, New York Supporters, New York, Mexico City, George Washington Bridge, Center for Transportation, New York Rep, Garden, Komanoff, Democratic Rep Locations: New York City, Manhattan, New Jersey, ., Jersey, New York, New, London, Stockholm, Singapore, York, Toronto, Mexico, Seattle, Los Angeles, Chicago, Boston, Jersey City , New Jersey, Holland, Lincoln, Bronx
Adding grain to AI-generated images makes them harder to identify as fake, the New York Times reports. The finding comes as users in the US and abroad begin to use AI images to influence election campaigns. From falsified campaign ads to stolen artwork, AI-generated images have been responsible for a wave of disinformation online in recent months. Now, the New York Times reports that AI detection software — one of the frontline defenses against the spread of AI-generated disinformation — can be easily fooled by simply adding grain to AI-generated images. The Times' analysis comes at a time when users are increasingly deploying AI-generated misinformation online to influence political campaigns, Insider reported.
Persons: Cynthia Rudin, Ron DeSantis, Donald Trump, Anthony Fauci Organizations: New York Times, Morning, Times, Duke University
How Easy Is It to Fool A.I.-Detection Tools?
  + stars: | 2023-06-28 | by ( Stuart A. Thompson | Tiffany Hsu | ) www.nytimes.com   time to read: +11 min
“Real” Umm-maybe “Real” Illuminarty “A.I.” A.I. or Not “A.I.” Hive “A.I.” Sensity “Real” Umm-maybe “Real” Illuminarty “Real” A.I. or Not “A.I.” Hive “A.I.” Sensity “Real” Umm-maybe “Real” Illuminarty “A.I.” A.I. or Not “A.I.” Hive “Real” Sensity “A.I.” Umm-maybe “Real” Illuminarty “A.I.” A.I. or Not “A.I.” Hive “A.I.” Sensity “A.I.” Umm-maybe “Real” Illuminarty “Real” A.I.
Persons: Elon Musk, , Musk, Chenhao Tan, , I’m, Ron DeSantis, Cynthia Rudin, Dan Lytle, Midjourney, Kevin Guo, ” Mr, Guo, Biden, Damon Winter, Sensity, Jackson Pollock, Pollock, Marc Fibbens, Shyam Sundar, Sundar Organizations: New York Times, Guerrero Art, Times, University of Chicago, Republican, Duke University, Hive, Photoshop, The Times, The New York Times, Industry, A.I, Center, Intelligence, Pennsylvania State University Locations: A.I, Florida, , Gettysburg, Pa, New Zealand
Emergency warnings from city officials did not adequately convey how life-threatening the storm would be, the report said. City officials didn’t spread the word about the county’s travel ban for cars quickly enough and didn’t adequately stress the dangers of walking outside. And as the storm raged on, coordination between city, county and state officials became strained. The more than 100-page study by a team of researchers at New York University dissected the city’s actions before, during and after the blizzard, pinpointing failures and offering recommendations. The report was requested by the mayor, Byron Brown, in the days after the storm as residents voiced frustration at what they said was a slow and inadequate response.
Persons: didn’t, Byron Brown, , Sarah Kaufman Organizations: New York University, Rudin Center for Transportation Locations: New York, Buffalo
should be a global priority alongside other societal-scale risks such as pandemics and nuclear war,” said the letter, signed by many of the industry’s most respected figures. These industry leaders are quite literally warning that the impending A.I. revolution should be taken as seriously as the threat of nuclear war. It is, however, precisely what the world’s most leading experts are warning could happen. researcher at Duke University, told CNN on Tuesday: “Do we really need more evidence that A.I.’s negative impact could be as big as nuclear war?”
Persons: Sam Altman, Demis Hassabis —, , Dan Hendrycks, Robert Oppenheimer, , , ” Hendrycks, Newsrooms, Cynthia Rudin Organizations: CNN, Google, Center, A.I, Duke University
We need to regulate biometric technologies, professor says
  + stars: | 2023-05-30 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe need to regulate biometric technologies, professor saysCynthia Rudin of Duke University says it's not just artificial intelligence text generation that could lead to "massive privacy violations," but also biometric technologies like facial recognition.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRudin Management's Bill Rudin on the state of commercial real estateBill Rudin, Rudin Management co-chairman and CEO, joins 'Squawk on the Street' to discuss the dichotomy between residential and commercial real estate, the difference in the real estate market between San Francisco and New York, and more.
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Transportation experts say the Paris ban doesn't necessarily mean much for the growth of micromobility. The diverging approaches to rental e-scooters by major cities around the world reflects the technology's chaotic rollout over the last few years and an inability for cities to keep up with sufficient regulations, experts say. Either way, experts say the regulatory environment in Paris and many other places just hasn't been able to keep up. Transportation experts say Paris' ban isn't necessarily reflective of how the public in that city — or any — feels about e-scooters. Despite the setback in Paris, transportation experts say electric vehicles of all sorts, from e-scooters, to e-bikes, to electric buses, are the future of transport in cities around the world.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCommercial real estate faces 'significant storm clouds' ahead, says Bill RudinBill Rudin, Rudin Management Co. co-chairman and CEO, joins 'Squawk Box' to discuss Rudin's concerns with the regional bank sector, the state of commercial real estate and how to balance the need for revenue and desire to attract wealthy people.
New York City continues to see record-high rental rates
  + stars: | 2022-12-14 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNew York City continues to see record-high rental ratesBill Rudin, co-chairman & CEO of Rudin Management, joins 'Squawk on the Street' to discuss the demand for residential rental properties in New York, the influence of work-from-home on property rates, and upcoming real estate leases underway in New York.
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