eMarketer sees new home in 11 Times Square









The bright lights of 11 Times Square will soon shine brighter, thanks to four new office and retail leases at the striking new tower at Eighth Avenue and 42nd Street.

On the office side, eMarketer, the leading provider of data on digital marketing and media, is moving from downtown. The deal for 53,573 square feet – not yet signed, but likely to be this week, sources said -- will bring the 1.1 million square-foot 11 Times Square to comfortably over 70 percent leased.

Law firm Proskauer Rose moved into over 400,000 square feet two years ago and Microsoft recently signed for 200,000 feet more.




Meanwhile, three new store leases have filled all of 11 Times Square’s retail space.

In the largest, Senor Frog’s, a Mexican-themed eatery/entertainment venue, will open its first northeast outpost in 21,000 square feet. Bank of America signed for a retail branch of 2,393 square feet and Off the Wall Frozen Yogurt took 2,500 square feet.

Global Foods International took 25,000 square feet last year.

The corner now occupied by 11 Times Square was a dangerous mugging ground as recently as 10 years ago. The tower’s developer, SJP Properties, built it “on spec” (without pre-signed tenants).

Like just about every new Manhattan spec tower, it found its footing after a brief dry period that strained its owners and drew sniping from real estate pundits unfamiliar with history. SJP owns the tower with Prudential Financial Inc.

scuozzo@nypost.com










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Green cards for sale at a South Beach hotel: Competition is on for EB5 investment visas




















If David Hart gets his way, South Beach’s 42-room Astor Hotel will be on a hiring spree this year as it adds concierge service, a roof-top pool, an all-night diner, spa and private-car service available 24 hours a day.

New hires will be crucial to Hart’s business plan, since foreign investors have agreed to pay about $50,000 for each job created by the Art Deco boutique.

The Miami immigration lawyer specializes in arranging visas for wealthy foreign citizens under a special program that trades green cards for investment dollars. Businesses get the money and must use it to boost payroll. The minimum investment is $500,000 to add at least 10 jobs to the economy. That puts the pressure on Hart and his partners at the Astor to beef up payroll dramatically, with plans to take a hotel with roughly 20 employees to one with as many as 100 workers.





“My primary responsibility is to make something happen here over the next two years that will create the jobs we need,’’ Hart said a few steps away from a nearly empty restaurant on a recent weekday morning. “It’s all going to be transformed.”

Though established in the 1990s, the “EB5” visas soared in popularity during the recession as developers sought foreign cash to replace dried-up credit markets in the United States.

Chinese investors dominate the transactions, accounting for about 65 percent of the nearly 9,000 EB5 visas granted since 2006. South Korea finishes a distant second at 12 percent and the United Kingdom holds the third-place slot at 3 percent. If Latin America and the Caribbean were one country, they would rank No. 4 on the list, with 231 EB5 visas granted, or about 3 percent of the total.

Competition has gotten stiffer for the deep-pocketed foreign investors willing to pay for green cards. The University of Miami’s bio-science research park near the Jackson hospital system raised $20 million from 40 foreign investors under the EB5 program, most of them from Asia. The money went into the park’s first building; visa brokers are waiting to see if the second building will proceed so they can offer a new pool of potential green-card sales.

In Hollywood, the stalled $131 million Margaritaville resort had hoped to raise about $75 million from EB5 investors before ditching that plan last year to pursue more traditional financing. A retail complex by developer Jeff Berkowitz in Coral Gables also launched a program to raise $50 million in EB5 money for the project, Gables Station. Hart worked with other EB5 investors to back pizza restaurants in Miami and South Beach. A limestone mine in Martin County also was backed by EB5 dollars.

This year, the city of Miami itself is expected to get into the business by setting up an EB5 program to raise foreign cash for a range of city businesses and developments. The first would be the tallest building in the city — developer Tibor Hollo’s planned 85-story apartment tower, the Panorama, in downtown Miami.

With a construction cost of about $700 million, Miami’s debut EB5 venture hopes to raise about $100 million from foreign investors, said Laura Reiff, the Greenberg Traurig lawyer in Virginia working with Miami on the EB5 effort. “This is a marquis project,’’ she said.

The arrangement is a novel one for Miami, with the city planning to help a private developer raise funds overseas for a new high-rise. And it would allow Hollo and future participants to tout the city of Miami’s endorsement when competing with other Miami-area projects for EB5 dollars. “We will have the benefit of the brand of the city of Miami,’’ said Mikki Canton, the $6,000-a-month city consultant heading Miami’s EB5 effort. “A lot of these others are privately owned and they won’t have that brand.”





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Traffic tickets, fraud probes and deaths: what Rep. Daphne Campbell says about the citizen legislature and Miami-Dade




















A Campbell family minivan has racked up five tickets for running right lights since 2010.

Most citizens would slow down. But Daphne Campbell isn’t like most citizens.

She’s a Democratic state representative who has another way to deal with future red-light tickets: file legislation to ban the traffic-surveillance cameras that shot video of her husband’s Honda Odyssey breaking traffic laws.





It could seem like a conflict of interest. But as long as a lawmaker’s bills don’t benefit him or her or a family member uniquely, it’s generally not a conflict of interest.

This is the state of ethics in the Florida Legislature. It’s a citizens’ legislature of 160 part-time lawmakers. They theoretically come from all walks of life and private professions.

This is representative democracy.

And Campbell, of Miami Shores, represents so much more in Miami-Dade.

Many citizens run red lights in Miami-Dade. Campbell is from Miami-Dade. And someone in her family ran red lights five times.

Miami-Dade is also a Medicaid fraud capital. Campbell and her husband own businesses that bill Medicaid. And the state’s Medicaid Fraud Control Unit began investigating them two years ago. Their son, 30-year-old Gregory Campbell, faces Medicaid fraud charges in an alleged $300,000 scheme.

Many in Miami-Dade have tax problems. Campbell is from Miami-Dade. And she and her husband last spring were slapped with $145,000 worth of liens. The IRS also began examining the Campbells over financial transactions involving a web of family healthcare businesses. Two former business associates told The Herald and IRS that the Campbells scammed them.

Miami-Dade has questionable mortgages. The Campbells own numerous properties in Miami-Dade. Campbell’s husband pleaded guilty in 2007 to a federal charge of falsely using someone else’s Social Security number to obtain $829,103 involving six separate loans, one of which was from a Honda dealership.

Miami-Dade has lots of immigrants who get ripped off. Campbell’s legislative office is in Miami-Dade. Turns out, her top aide Janice Shackelford was arrested for grand theft last fall for allegedly charging constituents, mostly Haitian immigrants, phony fees for help that never materialized. Before Campbell hired her, Shackelford had pleaded guilty to a 2006 grand theft charge in Miami-Dade; a swindling charge was dropped.

North Miami has been plagued with “unscrupulous” absentee ballot irregularities at assisted living facilities, a county ethics group reported in 2008. Campbell campaigned in a North Miami ALF. And that very ALF was highlighted in the ethics group report that pointedly mentioned the Democrat by name.

Some group home residents have died or been raped in Miami-Dade. Campbell and her son ran Professional Group Home, based in Miami-Dade. And two developmentally disabled Miami-Dade residents died in its care in 2006, one after she was raped by a dangerous resident. The rapist wasn’t supervised closely despite Daphne Campbell’s assurance to a judge that he would get “’one-on-one” monitoring from staffers who will “’be with him everywhere he goes.”

Beyond Miami-Dade, in Lee County, two other disabled people died in Professional Group Home’s care in 2006. One disabled man, who had profound trouble eating, was allowed to have a peanut-butter-and-jelly sandwich that choked him to death.





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One Direction Movie Trailer

The world got a sneak peek at One Direction's movie trailer on Friday and now the full 90 second teaser trailer has been unleashed upon the world!


VIDEO - One Direction: Boxers or Briefs?

Sure, you get a glimpse inside the insanity that confronts the boys at every port (so many screaming girls, so little time), but what promises to be all the more interesting is seeing the boys in between stops as you're reminded that the biggest boy band in the world is comprised of five boys.

Boys who get homesick, boys who miss their mothers and boys who can't believe they're at the center of this global phenomenon.

One Direction's 3D movie opens August 30.

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Houseboat man found dead under dock in Brooklyn








The body of an elderly man who lived on a houseboat was found floating under a dock today in Brooklyn, authorities said.

The 74-year-old man’s boat was docked in the Plumb Beach Channel off of Ebony Court in Gerritsen Beach when he he was spotted in the water around 12:35 p.m., cops said.

He was pronounced dead at the scene. Police do not suspect any criminality at this time, cops said.

The city’s medical examiner will determine the cause of death.











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Green cards for sale at a South Beach hotel: Competition is on for EB5 investment visas




















If David Hart gets his way, South Beach’s 42-room Astor Hotel will be on a hiring spree this year as it adds concierge service, a roof-top pool, an all-night diner, spa and private-car service available 24 hours a day.

New hires will be crucial to Hart’s business plan, since foreign investors have agreed to pay about $50,000 for each job created by the Art Deco boutique.

The Miami immigration lawyer specializes in arranging visas for wealthy foreign citizens under a special program that trades green cards for investment dollars. Businesses get the money and must use it to boost payroll. The minimum investment is $500,000 to add at least 10 jobs to the economy. That puts the pressure on Hart and his partners at the Astor to beef up payroll dramatically, with plans to take a hotel with roughly 20 employees to one with as many as 100 workers.





“My primary responsibility is to make something happen here over the next two years that will create the jobs we need,’’ Hart said a few steps away from a nearly empty restaurant on a recent weekday morning. “It’s all going to be transformed.”

Though established in the 1990s, the “EB5” visas soared in popularity during the recession as developers sought foreign cash to replace dried-up credit markets in the United States.

Chinese investors dominate the transactions, accounting for about 65 percent of the nearly 9,000 EB5 visas granted since 2006. South Korea finishes a distant second at 12 percent and the United Kingdom holds the third-place slot at 3 percent. If Latin America and the Caribbean were one country, they would rank No. 4 on the list, with 231 EB5 visas granted, or about 3 percent of the total.

Competition has gotten stiffer for the deep-pocketed foreign investors willing to pay for green cards. The University of Miami’s bio-science research park near the Jackson hospital system raised $20 million from 40 foreign investors under the EB5 program, most of them from Asia. The money went into the park’s first building; visa brokers are waiting to see if the second building will proceed so they can offer a new pool of potential green-card sales.

In Hollywood, the stalled $131 million Margaritaville resort had hoped to raise about $75 million from EB5 investors before ditching that plan last year to pursue more traditional financing. A retail complex by developer Jeff Berkowitz in Coral Gables also launched a program to raise $50 million in EB5 money for the project, Gables Station. Hart worked with other EB5 investors to back pizza restaurants in Miami and South Beach. A limestone mine in Martin County also was backed by EB5 dollars.

This year, the city of Miami itself is expected to get into the business by setting up an EB5 program to raise foreign cash for a range of city businesses and developments. The first would be the tallest building in the city — developer Tibor Hollo’s planned 85-story apartment tower, the Panorama, in downtown Miami.

With a construction cost of about $700 million, Miami’s debut EB5 venture hopes to raise about $100 million from foreign investors, said Laura Reiff, the Greenberg Traurig lawyer in Virginia working with Miami on the EB5 effort. “This is a marquis project,’’ she said.

The arrangement is a novel one for Miami, with the city planning to help a private developer raise funds overseas for a new high-rise. And it would allow Hollo and future participants to tout the city of Miami’s endorsement when competing with other Miami-area projects for EB5 dollars. “We will have the benefit of the brand of the city of Miami,’’ said Mikki Canton, the $6,000-a-month city consultant heading Miami’s EB5 effort. “A lot of these others are privately owned and they won’t have that brand.”





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Walk held in honor of Trayvon Martin attracts hundreds including actor Jamie Foxx




















Saturday was a day of remembrance for Trayvon Martin, as about a thousand people -- including actor Jamie Foxx -- united with the late teen’s family to march, pray, listen to music and hear inspirational messages, while pressing for justice in his killing.

The Trayvon Martin Foundation sponsored the “I am Trayvon Day of Remembrance Community Peace Walk,” to honor the unarmed, Miami Gardens teen fatally shot in Sanford on Feb. 26 of last year by a neighborhood watch volunteer.

“We’re here to let the community, and particularly teenagers, know that they have the right to walk in peace without being followed, without being harmed and without being killed,” Trayvon Martin’s mother, Sybrina Fulton, told The Miami Herald at the start of the event at Ives Estate Park at 20901 NE 16th Ave. in north Miami-Dade. She said the walk would be held annually.





Fulton, Trayvon’s father Tracy and brother Jahvaris held up a huge banner and marched through the park as the crowd trailed them, chanting “I am Trayvon Martin.” Many wore t-shirts emblazoned with Trayvon’s picture, as the line snaked toward a bandshell.

Last Tuesday would have been Trayvon Martin’s 18th birthday, and a series of activities have been planned all week in his honor, including a dinner Sunday night.

“This is not an event, this is a movement,” Reverand Jamal-Harrison Bryant from the Empowerment Temple AME Church in Baltimore told supporters at the bandshell. The goal, he said, was “justice for all people.”

The shooting of black, 17-year-old Trayvon Martin by George Zimmerman, an Hispanic, sparked widespread outrage, and led to protests and rallies nationwide, as well as ongoing controversy over Florida’s Stand Your Ground law.

Prosecutors say Zimmerman, who is charged with second-degree murder, profiled the teen, who was wearing a hoodie and carrying a bag of Skittles and a can of iced tea. Zimmerman said he fired in self defense. He is out on bond. Trial is scheduled to begin June 10.

“We did not come here today to grieve. We came to be energized and recharged,” Bryant told the crowd. “We came to make a commitment to Tracy [Martin] and Sybrina [Fulton] that we are not going to rest until we see justice for their son. Trayvon Martin has become all of our sons and our brother.”

Foxx, an Academy Award winning actor, wore a red t-shirt with Trayvon Martin’s picture at the center, and said he came in support, because he is a father.

“Every once in a while, something comes around that touches you like nothing else,” Foxx said, of Trayvon Martin’s slaying.

“I wasn’t going to miss this day, and I’m not going to miss a day in the future when we can step out and remember Trayvon,” he said.

Trayvon’s parents expressed gratitude for Foxx’s appearance, as well as for the crowd’s support.

“We’re not going to stop fighting. We are going to fight for our kid. We are going to fight for your kids,” Fulton said. “It’s not just about us; it’s about all our kids.”

Miami-Dade Commissioner Barbara Jordan also took the stage, saying Trayvon’s parents “give a new definition to Stand your Ground: to stand for your children and to be committed to your children and to be committed to your community.”

Gospel singers, mime dancers and others performed, as the day unfolded with celebration, tinged with sadness and reproach.

“It’s a great event to keep the awareness, to keep the fight alive for Trayvon Martin and his family,” said Martin Maultsby, 40, who lives in Miami Gardens and is the director of the Florida Youth Football League. “Any time you can come out to support your cause, it lets the family know they are not in this fight by themselves.”





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Dwayne Johnson 'Snitch' Clip

Dwayne Johnson is forced to drive for a ruthless drug cartel in the gritty action-thriller Snitch, and we have a first look at a killer, crash-bang clip from the movie!

Pics: Stars on Set

In theaters February 22, Snitch finds Johnson as a concerned father faced with a dramatic choice after his teenage son is wrongly accused of a drug distribution crime. With his boy facing a minimum prison sentence of 10 years, the desperate and determined Johnson makes a deal with the U.S. attorney to work as an undercover informant and infiltrate a dangerous drug cartel (whose key player is played by Benjamin Bratt). Willing to risk everything to free his son, can Johnson make it out alive?

Video: Watch the 'Snitch' Trailer

Based on a true story, Snitch also stars Susan Sarandon and Barry Pepper and is directed by former stunt master Ric Roman Waugh.

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Alcohol abuse! Maker's Mark cutting alcohol in its bourbon to meet high demand








The distillery behind Maker’s Mark bourbon is reducing the amount of alcohol in its bottles by 3 percent to meet a rise in global demand, company officials said today.

“Lately we’ve been hearing from many of you that you’ve been having difficulty finding Maker’s Mark in your local stores,” Maker’s Mark executives Rob Samuels and Bill Samuels Jr. wrote in a joint email to clients.

“Fact is, demand for our bourbon is exceeding our ability to make it, which means we’re running very low on supply.”

The bourbon brand — which famously used the slogan “It tastes expensive... and is” in the ‘60s and ‘70s — looked at “all possible solutions” and “worked carefully” to reduce the alcohol by volume of the beverage by 3 percent.




Maker’s Mark is distilled to 45 percent alcohol by volume — or 90 proof — and, after the change, would go down to about 44 percent ABV or 88 proof, according to Quartz.

“This will enable us to maintain the same taste profile and increase our limited supply so there is enough Maker’s Mark to go around, while we continue to expand the distillery and increase our production capacity,” the Maker’s Mark executives said.

It is unclear when the watered-down beverages will hit the market.

A spokesman for Maker’s Mark did not immediately reply to a request for comment.










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Hedge funds deserve a (close) look




















When constructing a new house, you need to begin with a solid foundation. Otherwise, your home will always be a bit shaky and prone to collapse in a storm. That same principle applies when you start investing. Rather than taking a random approach – like buying a "hot" stock or keeping your money "safe" in a low-earning savings account – you need to start with a solid foundation. In the investing world, that means developing an investment plan and perhaps an investment policy – two basic tools that can help you build a solid financial "home."

First, let's look at an investment plan, which is often prepared with the help of a financial advisor. The plan typically has three basic elements: your goals, your risk tolerance and your desired return.

Usually, your financial goals will be closely aligned with your personal objectives in life. Perhaps you want to have $2 million in assets to support a comfortable retirement. Or you might be aiming to save $150,000 for a bigger house for a growing family or $100,000 to put your son or daughter through college. If you already have accumulated a large nest egg, you might focus on how best to pass your investments on to your children or grandchildren.





Having a clear goal in life – and in your investment plan – may be one of the essentials in building wealth. Rather than spending every dollar from your paycheck, you can start putting away some of that incoming money to prepare for the future.

Next, you should consider both your tolerance for risk and your desired return on your investments. Some people are willing to make higher-risk investments, while others prefer to sleep soundly at night knowing their investments are comparatively more secure. After all, assets like stocks and commodities are usually more volatile than bonds or other fixed income instruments, and rise or fall more steeply from day to day.

However, many of the more volatile assets can also generate higher returns over the long term. That's an important consideration because inflation can reduce the purchasing power of the dollars you stash away in money market accounts or other low-earning securities.

That's why a solid investment plan usually incorporates a diversified mix of assets, including stocks, bonds, cash-like securities, and possibly real estate, commodities, hedge funds and managed futures. Building a diverse portfolio reduces the risks associated with putting all your eggs in one basket

with the potential to generate positive returns over the years and keep you moving steadily toward your goals.

Now, let's look at your investment policy. This is a written statement designed to guide both you and your financial advisor when making financial decisions. It can help you balance investment issues related to risk and reward, perhaps ruling out certain assets as "too risky."

At the same time, developing an investment policy helps you reality-test your financial goals and current savings and investment plans. For example, you might be overly optimistic and expect a 12 percent annual return on your portfolio. Or you might be overly pessimistic, not realizing how your investments will grow with even a 5 percent annual return.

An investment policy can also clarify the roles of your financial advisors, as well as your own decisions. In that regard, it can help you avoid making investment mistakes based on emotions like fear or greed. In other words, it helps you maintain a disciplined steady course toward your goals, regardless of market ups and downs.

Finally, the investment plan and policy can provide tangible evidence of your financial progress. Your advisor can send you quarterly and annual statements(as well as discuss in person)that clearly show whether your portfolio has grown or declined, and where the changes occurred. This is information you need to know in order to make good decisions about your financial future.

So, consider your financial plan and policy as a road map. You may not yet be close to your goals, but at least you know you're on the right path!

•  Benefit amount. This is the maximum payment you would receive from the policy, such as $100,000, $500,000 or $1 million. Since five years of care in a nursing home or memory disorders unit could easily total $500,000 or more, a larger benefit amount is usually preferable, provided you can afford the premiums.

•  Benefit period. This is the maximum number of years that the coverage remains in effect. That might be five years, 10 years or the rest of your life.

•  Elimination period. Like a deductible amount in a life insurance policy, the elimination period specifies how long you would pay the cost of care before the policy kicks in. Typically periods are 30, 60 or 90 days.

Andrew Menachem, CIMA, CWS is a wealth advisor at the Menachem Group at Morgan Stanley Smith Barney in Miami and Aventura and teaches at the University of Miami.





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