George Soros fights for the Party

George Soros and other top Democrats, who have spent millions trying to elect Hillary Clinton, held a three-day closed door meeting with the hope of rebooting the big-money leaders to fight back against the newly elected Donald Trump. The conference was in response to the disappointing outcome of the 2016 election. The conference featured several leading liberal politicians including Nancy Pelosi, Senator Elizabeth Warren and Keith Ellison.

Soros planned this gathering to plan full-on ground warfare against Trump’s political agenda. George Soros’ event is sponsored by his donor club “Democracy Alliance.” Some of the planned sessions dealt with preparing for the 2017 and 2018 elections and others focusing on stopping President Trump’s 100-day plan. George Soros calls Trump’s 100-day plan an attack on President Obama’s legacy. Despite the event being sponsored by wealthy donors, there were some who were reassessing their approach to politics and the job of the Democracy Alliance.

Soros’ Democracy Alliance has had strong pull when it came to shaping institutions and the support of Clinton. The Democracy Alliance believed that women and minorities were the up and coming American electorate. Some of the political issues that the DA used to turn out the vote did not resonate with voters. The Democracy Alliance acknowledged that some changes as a result of their big loss in 2016. Read more on CNBC about George Soros.

Throughout the conference, Democrats including Rep. Ellison began airing their beliefs that they needed to invest more in training local officials and developing policies for the states. Ellison has been a leading voice in the Democratic Party for a long time.

Soros launched the DA in 2005 and has managed to successfully contribute as group more than $500 million to a handful of groups that keep the left strong and able to fight. Soros’ is still waiting to see how the groups will be able to adapt to the leaderless Democratic party.

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Arthur Becker’s Name is finally in the New York Real Estate Developers’ List

After a series of behind-the-scenes investments in property development in New York City, Arthur Becker now wants to dip his feet fully into the industry. According to a recent report, the technology and finance guru is planning to develop a $52.5 million condominium project along 465 Washington Street in Tribeca. The condo will be the first project bearing Becker’s name and is expected to have about ten stories and eight units. When talking to The Real Deal recently, Becker said that Paris Forino would take charge of condo’s interior design.

The History of 465 Washington

465 Washington was initially a five-story building owned by Peter Moore, an Architect who had unsuccessfully tried his luck in the industry. After failing to raise funds to offset his $4.7 million loan from VFC Partners, Moore sold the building to Arthur Becker in 2012 at an estimated price of $6.1 million. Upon the purchase, Becker also acquired development rights for an undisclosed fee from the owner of a neighboring condo. Another payment that was in excess of one million dollars was paid to the Ponte family for an easement that reinforces the building.

Future Projections

465 Washington is projected to be complete by 2019. Upon completion, the building is expected to house seven single unit apartments with each unit going for $5 million. On top of the building, about 2,000 sq. ft. to 4000 sq. ft. will be reserved for a penthouse that will give a panoramic view of the New York City. The asking price of the penthouse is expected to be not less than $14 million.

According to Arthur Becker, he will be seeking for a construction loan to the tune of $25 million for the project. About the low demand for luxury apartments in the recent past, Becker is hopeful that 465 Washington will receive a better market reception, more details can be found on Bloomberg.

About Arthur Becker

According to Page Six, Arthur Becker makes his real estate investments through Madison Partners LLC where he is a managing member. Through Madison, he recently acquired three townhouses in New York.

Since graduating from Tuck School of Business and Bennington College, Becker has been involved with several techs and financial firms, including NaviSite, Atlantic Investors LLC, and Zinio. Becker has spent the better part of his 43-year career holding executive positions.

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