Celebrating Stamford Downtown’s 25th Anniversary

On Monday June 20, Team UC Funds enjoyed attending the 25 Year Anniversary of Stamford Downtown at the Stamford Marriott Hotel & Spa, in, you guessed it, Stamford, Connecticut. Property and business owners, as well as Stamford’s Mayor David Martin gathered to celebrate. The event was hosted by actor and Late Show with David Letterman personality Alan Kalter. I was especially happy to see Brian Cashman, the General Manager of the New York Yankees, as the keynote speaker. Past DSSD Chairmen, founding board members, and commercial office owner Reckson were all honored.

I connected with many Stamford friends over the course of the evening

We’ve invested 100+ million on three assets in Stamford Downtown since September, 2016, and I can certainly attest to the ever-increasing importance of the Stamford market, both in business and residential real estate.

The UC Funds-owned Stamford Courtyard, one of the most lucrative Courtyard’s in the U.S., is Connecticut’s most successful hotel in terms of rate and occupancy.

Park Square West, another one of our assets, is a hip class A, multifamily housing development. It’s an ideal spot for Stamford residents, as well as New York millennials and professionals, who can easily hop on the Metro North to Manhattan.

I’m also excited for the Residence Inn Marriot on Atlantic Street to take shape. This is a project that UC Funds recently acquired. The hotel is set to open in Summer 2018. Abandoned in 2015 when the previous owner filed for bankruptcy, we stepped in to revitalize the project and get it up and running.

I had the chance to catch up with the Yankees General Manager Brian Cashman, who spoke at the event

As you can see, I’m very driven to work in Stamford, and to develop and maintain relationships with business and property owners there. The success of Stamford Downtown perfectly illustrates the fast growth of the area and its significant role in the real estate industry as a whole. It was wonderful to celebrate such an important anniversary with Stamford’s finest.

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A Great Partnership Leads to a Great Asset

With the June 26 ribbon cutting and grand opening of 329 Pleasant Avenue in East Harlem upon us, it’s the perfect time to reflect on the collaboration and effort that brought this eight-story luxury apartment building to life. UC Funds has worked closely with HAP Investment Developers since we originated the loan for this project in April of 2015. While there have been a few stumbling blocks along the way (like with most multifamily projects of this magnitude), the Class-A building that we’re unveiling is truly a work of art and well worth the wait. Offering 20 studio, one, and two-bedroom apartments, the building illustrates the renaissance that is currently taking place in East Harlem, where commercial real estate is booming.

329 Pleasant Ave adds a modern aesthetic to its East Harlem block

The luxury building offers unique and beautifully designed apartments

Our recent work with HAP is only one example of UC Funds’ mission to develop and maintain long-term relationships with our borrowers in the best interest of each project. We make a strong commitment to each borrower that we work with, and our loyalty and reliability is what keeps them coming back. We stand by them through completion, and as was the case with HAP, provide the time that is necessary to bring each project to market.

We’re always striving to maintain our reputation as a dependable and steadfast resource in the real estate financing market, and 329 Pleasant Avenue’s extraordinary design and high-end amenities demonstrate that our commitment to HAP resulted in something incredible.

We look forward to watching our current relationships continue to flourish, and developing new and lasting partnerships that will undoubtedly lead to many more exciting unveilings.

If you’d like to learn about working with UC Funds please feel free to contact me at 1-844-UCFunds or visit http://UCFunds.com/.

329 Pleasant Ave is a perfect addition to the evolving community of East Harlem

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Brits Filing for German Citizenship in Record Numbers

daniel palmier British German citizenship

Brexit has had some interesting effects on the culture of Britain, even in the short term. One of the more interesting, which may or may not have far-reaching effects, is the dramatic uptick in the number of Brits opting for German citizenship.

How many Brits are becoming Germans as well? Several thousand, apparently, as approved requests are up 361 percent. And Germany is not alone in receiving new English affection. Foreign passport applications have skyrocketed since the Brexit vote. This is in anticipation of losing certain rights British people currently enjoy as members of the European Union. These rights include the “automatic” right to live and work in any other EU country.

Countries also feeling the love from the British include Sweden, Poland, Italy, and Hungary … among others. Ireland passport requests jumped 41 percent, which means upwards of 65,000 British citizens have requested these passports.

Thanks in part to its recent Imperial past, the British passport is one of the most versatile in the world, allowing passport holders more mobility than many other similar passports from other countries. Yet, as more Brits are planning to travel abroad, an increasing number of foreigners living in Britain are considering going back home. The expat community is huge in Britain, and it’s getting much smaller. Nearly 120,000 EU citizens have already returned home, according to government data. That’s up 36 percent over this time last year.

Those returns are likely music to the ears of pro-Brexit Brits who tend to be more committed nationalists who would rather Britain have its independence from international economic and political entanglements, including foreign workers.

But each of these factors is drawing a deeper line in the separation between pro and anti-Brexit voters. The initial “pro” vote surprised many, even those who supported leaving the European Union. The fallout already cost one Prime Minister their job and a second PM their government majority … and the political fallout seems to be far from over.

As the government of Britain continues to figure out what British life will look like post-Brexit, many in the private sector are considering this question as well. What will business be like? Will it be better? Worse? Will there be more opportunities for trade, or will trade be restricted? Will this mean more jobs in Britain for British people, or will companies leave, looking for better environments?

There are a lot of questions, and every one of these questions is tied to multiple potentially positive or negative PR narratives. Decision-makers in both public and private life need to be fast to take up the narrative thread and present strong, compelling reasons why their perspective is the one the British people need to embrace.

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Musk and Iger leave Trump Team

Musk and Iger leave Trump team

Early in his presidency, Trump’s team made a big deal about his roundtable of top advisors from the commercial world. Captains of industry, innovators and big thinkers were set to gather from time to time in order to advise the President on matters of commerce and the global economy. At least, that’s what it was supposed to be about. Continue reading

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Facebook Launches Live Sports Streaming Deal With MLB

Facebook launches live sports streaming deal with MLBThere’s no doubt that the floodgates will soon be open, and live streaming sports will be a thing. But, at this point, the options are coming out in a veritable trickle, a drip of a few games from a few sports just testing the waters. Continue reading

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Will US Ban Laptops on International Flights?

Will US ban laptops on international flights?Digital terrorism is a growing fear internationally. As terrorist groups grow more technologically savvy and hackers continue to step up their attacks, governments across the globe are being forced to make some decisions that will frustrate many travelers. Continue reading

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Will Calorie Cutting Candy Win With Consumers?

Will calorie cutting candy win with consumers?Americans love candy. I mean, we really love candy. The United States consumes about 18 percent of the world’s chocolate, according to a report by NBC. That’s double the amount consumed in the United Kingdom and four percent higher than all of Asia combined. So, it’s not surprising that American candy makers love their country’s appetite for their product. Continue reading

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Uptake CEO Says He Could Have Prevented Flint Water Crisis

Uptake CEO says he could have prevented Flint water crisisA lot of people have weighed in on the horrible Flint, Michigan water crisis. Most of them have talked about what should be done and what hasn’t been done. But at least one person and one company are talking about what they could have done to stop it before it ever happened. Continue reading

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Fox Finally Gives Up On O’Reilly

Fox finally gives up on O’ReillyBill O’Reilly, champion of the right, scourge of the left and top draw pundit at Fox News for more than 20 years, is officially out. O’Reilly was fired by the network after a massive sexual harassment settlement was made public last week. Continue reading

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Is Twitter Heading for an All Time Low?

Is Twitter Heading for an All Time Low?After owning a stock that soared close to $80 a share at its high point, its no surprise that Twitter shareholders were disgruntled to find the stock trading for only $20 a share at the end of 2016. Unfortunately, shareholders have more reason to worry in 2017. The company has stopped attracting new users and is learning the hard way that advertising revenue alone is not enough to generate large profits long term. Continue reading

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