NIS13 million ($ 3.6 million) Class Action Suit against Show late of Rihanna In Israel

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"The manufacturers did not provide the full value for the show and pocketed huge sums of money".

Rihanna/Getty

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A lawsuit ($ 3.6 million) 13 million NIS was presented with the Tel Aviv District Court with a request to have it recognized as a class action suit against the manufacturers of Rihanna's performance in Tel Aviv, Shai Mor-Yosef and Guy Beser.

The petitioner, Liron Shor, which was a performance, says, "the producers did not provide the full value for the show and pocketed huge sums of money". He argues, "the show began an hour and ten minutes late, during which time the public stopped and waited with great frustration and sense of insult and rage."

Shor adds, "given the failure of the value, the purpose of the process is to compensate for the public, which is why this suit is of great public importance".

Rihanna's performance, last Tuesday, I was called by members of the public, "improvised", "Absolutely shocking" and "disgraceful". One person said, "we feel cheated and deceived.

Posted by www.globes-online.com

Thor Equities LLC Aquairs Barneys Department Store Building In Chicago For $154 Million

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 Barneys department store building in Chicago

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Thor Equities LLC  the New York-based real estate investor signed a contract to acquire  Barneys department store building on Oak street, Chicago , for $154 million. The price represents a 32 percent jump from the $117 million that the seller, New York-based Property and Building Ltd. (TASE:PTBL) subsidiary of  Tel Aviv, Israel-based IDB Holding Corp. Ltd. (TASE:IDBH) , paid for the property in March 2011. According to Israeli Globes, the company bought the property for $ 122 million of which $42 million was financed from equity and $80 million was financed with a long-term loan.

Barneys New York occupies 90,000 square feet of the building under a lease that runs through 2024. A Citigroup Inc. bank branch occupies the remaining 4,600 square feet.  The building generated $10.1 million in net operating income last year, according to a Bloomberg L.P. report on an $80 million loan encumbering the property. That would make Thor’s initial yield, or capitalization rate, on the sale about 6.6 percent.

The transaction is among the most expensive retail property sales in the downtown Chicago in recent years.

The sale price reflects the property’s fair value in Property and Building’s books, and it will not report an accounting gain or loss on the deal. Property and Building CEO Segi Eitan told Globes , “The Barneys’ deal reflects the company’s ability to locate and improve unique income-producing assets in terms of their location, timing, and quality of their tenants. The cash-on-cash yield on the company’s investment is 94%”.

Over $20 Million Raised At Saban-Chaired FIDF Gala

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More than 1,000 attended the FIDF Western Region Gala, which featured musician Lionel Richie, David Foster and Friends, and a $150,000 donation from TV star Simon Cowell.

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 (L-R) Rabbi Yechiel and Joelle Eckstein, Haim and Cheryl Saban, Dr. Rebecka and Dr. Arie Belldegrun / Michelle Mivzari

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Over $20 million was raised at the annual Friends of the Israel Defense Forces (FIDF) Western Region Gala yesterday, Tuesday, October 22, 2013. More than 1,000 FIDF supporters and dignitaries from the United States and Israel gathered to express their support for the Israel Defense Forces (IDF). FIDF National Board Member and major supporter, Haim Saban, and his wife, Cheryl, served as chairs of the star-studded FIDF Gala that took place at the Beverly Hilton Hotel in Beverly Hills, CA.

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   Simon Cowell and Haim Saban  /Michelle Mivzari

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Notable donations made at the event included $4.5 million from Rabbi Yechiel Eckstein, Founder and President of the International Fellowship of Christians and Jews, $3.5 million from Vicki and Ron Simms of Simms Commercial Development, $2.3 million from Cheryl and Haim Saban, $2 million from Younes Nazarian, Co-Founder of Qualcomm, and his wife Soraya, and $1 million from Larry Ellison, CEO of Oracle. Simon Cowell of American Idol and X-Factor also attended the event and announced a donation of $150,000 to benefit the IDF soldiers. The funds raised at the Gala will go towards wellbeing and educational programs for IDF soldiers.

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Cheryl Saban with Ben Silverman and Jennifer Cuoco / Orly Halevy

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The evening began with a cocktail reception, followed by dinner and a program, emceed by FIDF National and Western Region President, Julian Josephson, and featured remarkable performances by David Foster and Friends. Attendees were enthralled by the surprise performance of five-time Grammy Award winner, Lionel Richie. Among the many participants at the Gala were Avi Arad, CEO of Marvel Studios and Founder of Arad Productions Inc., and his wife Joyce, Avi Lerner, Co-Chairman of NuImage, brothers Maurice and Paul Marciano of Guess Jeans, Ben Silverman, Founder and CEO of Electus, and his wife Jennifer Cuoco, Casey Wasserman of Wasserman Media Group, and Eli Tene, Co-Founder, Co-Managing Director and Principal of Peak Corporate Network and a Co-Founder and former Co-Chairman of the Israeli American Council, and his wife Dafna.

The FIDF national and local leadership present at the event included Nily Falic, FIDF National Chairman, Julian Josephson, FIDF National and Western Region President, Maj. Gen. (Res.) Yitzhak (Jerry) Gershon, FIDF National Director and CEO, Leo David, FIDF Western Region Founder and Chairman, and his wife Ruth.

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Leo David, FIDF Western Region Founder and Chairman, and Sheriff Lee Baca / Orly Halevy

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A very touching moment at the event occurred when Lone Soldiers, brothers Tamir Lerner, a combat soldier in the elite IDF unit Golani, and Adee Lerner, an IDF paratrooper, surprised their parents, Ettie and Shmulik Lerner, on stage. This emotional family reunion, which brought the crowd to tears, was made possible by the FIDF Lone Soldiers Program, which brought the brothers from Israel to Los Angeles so they could surprise their parents. The FIDF Lone Soldiers Program supports soldiers who have decided to leave their countries of origin and serve in the IDF. The program provides financial and social support, retreats, scholarships, and flights to visit their families abroad.

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 Vicki Simms with Nily Falic, FIDF National Chairman /Michelle Mivzari

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“The Jewish and Israeli community in LA showed its support and love yesterday for the soldiers of Israel,” said Saban. “The event connects this warm community with IDF soldiers, and it is our opportunity to say thank you to the soldiers who defend the State of Israel.”

About Friends of the Israel Defense Forces (FIDF):

FIDF was established in 1981 by a group of Holocaust survivors as a not-for-profit organization with the mission of providing and supporting educational, social, cultural, and recreational programs and facilities for the heroic men and women of the IDF. Today, FIDF has more than 120,000 loyal supporters, and 15 regional offices throughout the U.S. and Panama.

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Alcobra Raises $33 Million In Secondary Nasdaq Offering

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The ADHD treatment developer raised $27 million in its IPO in May.

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Alcobra Pharmaceuticals Ltd. (Nasdaq: ADHD) raised a gross $33 million in its secondary offering on Thursday. The company issued two million shares at $16.50 per share. The underwriters, Stifel Nicolaus, Aegis Capital Corp., JMP Securities have a 30-day option to buy additional 300,000 shares. Alcobra will use the proceeds for the development of its proprietary drug, MG01CI (Metadoxine extended-release), for the treatment of ADHD and Fragile X Syndrome, a factor in autism.

Alcobra raised $27 million in its IPO in May.

Alcobra’s share price closed at $17.01 on Friday, giving a market cap of $189 million, after falling 0.5% during the session.

Published by http://www.globes-online.com/ 

$46 Million Raised at UJA-Federation of New York’s 2014 Campaign Kickoff Event

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(L-R) UJA-Federation of New York:  Jeff Stern, Campaign Chair; Rt. Hon. Tony Blair; Linda Mirels, Chair of the Board ; Alisa Doctoroff, President ; and John S. Ruskay, Executive Vice President and CEO of UJA-Federation of New York / Michael Priest

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UJA-Federation of New York raised a record-breaking $46 million, an increase of $1 million from last year, at its 2014 Annual Campaign kickoff event held at the home of Merryl and James Tisch on October 24, 2013. A record turnout of 150 philanthropic leaders from the New York Jewish community gathered to pledge their support of UJA-Federation’s work to address economic, educational, and community needs, and respond to local and global crises.

“No other organization is better prepared to meet the needs in our community, every day and in the time of crisis, than UJA-Federation,” said Alisa Doctoroff, president of UJA-Federation of New York. “This is what makes UJA-Federation so unique, and this is why the leaders of the philanthropic community trust and choose UJA-Federation to determine how best to allocate funds to make the biggest impact.”

“Our campaign has launched successfully because of unmatched acts of charitable kindness,” said Linda Mirels, chair of UJA-Federation’s board. “This generosity will be felt throughout the community, when UJA-Federation provides critical support for its unparalleled network of camps, community centers, Hillels, human-service agencies, and overseas agencies.”

“Through our collective efforts, UJA-Federation can respond to both crises and opportunity,” said John Ruskay, executive vice president and CEO of UJA-Federation. “Last year at this time, Hurricane Sandy hit. Even as we were responding boldly to emergency needs, we were sending kids in Moscow to Jewish summer camps, bringing Ethiopians home to Israel, and making sure that Holocaust survivors didn’t go without care. That is the power of UJA-Federation and what we make possible.”

Launched nearly 30 years ago, the annual campaign kickoff event has brought together leading philanthropists who care deeply about strengthening the Jewish community and has raised more than $800 million.

Rt. Hon. Tony Blair, former prime minister of Great Britain and Northern Ireland, was the guest speaker, discussing the work of his foundation and his commitment to working toward peace in the Middle East.

About UJA-Federation of New York

For more than 95 years, UJA-Federation has been a central force for communal planning and philanthropy in the New York Jewish community. Through UJA-Federation, almost 60,000 donors pool, nearly 100 network beneficiary agencies, synagogues, and other Jewish organizations, in more than 70 other countries around the world, touching 4.5 million people each year.

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Next holds Up Abramovich for $ 23 million ransom on the floor of the New York Mansion

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Russian billionaire Roman Abramovich is locked in a stalemate with a woman who is demanding US $ 23 million for his Manhattan apartment, in its tender reported to take an entire historic building, according to the New York Post last week.

We reported three weeks ago about Roman Abramovich planned buying three units, a beautiful former private residence located at 828 Fifth Avenue in New York, for US $ 75 million. The building is located at Lenox Hill, Manhattan, on the corner of 64th Street and of course with a view of Central Park. It was built in 1886 in pseudo French Renaissance and even once was described by architectural historian John Taurananc as "about as near as New York residential Versailles has to offer."

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828 Fifth Avenue

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For the owner that preceded him, Howard English which kept Ronson has now entered into an agreement to sell the apartments, Abramovich had been a longtime dream to buy other remaining units. Designed to restore the Palace to its former splendor as a single-family house that was originally for American coal Baron Joseph Berwind. It was only later disappeared and divided in the 1920s to become a coop building, although "ne plus ultra" – that is exquisite and exclusive of all others.

Over the years, many observers thought the task of Howard Ronson existing regulations impossible then co-op, and so it proved in the course of his life. But after the building changed towards the direct involvement of the condominium, in itself reflecting the imperatives of planning against the whole notion of exclusivity, took a little easier the legal process and it became just a matter of price.

If anyone can do it will be Roman Abramovich, and it looks like he now need to buy the apartments of two more residents of the building in order to be able to restore the mansion of a unique residence, according to the Post.

Clearly at least one hold-out understands that, after Abramovich offered his reported US $ 15 million: "she is not leaving for less than $ 23 million. He can afford it, "the New York Post quoted a source as saying in his report.
One of the owners, the designer Adolfo Sardina, have reportedly already entered into an agreement with Abramovich at a price of between US $ 10 million and US $ 15 million for his apartment. A source told the newspaper that the sardine also asked and obtained at least a year to move. If so then the final check, a lady reported a Eugenia Olazabal, who apparently lived there for over thirty years now can have a lot of leverage.

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Deal of reported US $ 75 million by Abramovich just to units that have committed to purchase so far, would be a record price for an apartment in New York, surpassing the US $ 54 million paid by American Entertainment Mogul David Geffen last year for another property of Fifth Avenue. However the reports of other high-priced transactions are bandied about in New York real estate talk these days too, like candy, as the city continues to be a magnet as the destination address and luxury for the super-rich in a turbulent world.

The goal of restoring the mansion to former glory not Berwind-demised in itself is quite a beautiful, although it is certainly now going to make obscene amounts of money to do it. We can say objectively what could be spent in ways less extravagant for sure and probably do more good for humanity too. However, Howard Ronson, who died in 2007 with the unfulfilled dream, certainly greatly approve of it for sure. And I do really well at the end, just like an external observer.

After all, after some years of Abramovich and Dasha Zhukova and brilliant live in it and enjoying it, inevitably claim its appointment mortality inexorable and could someday end up in public hands; Maybe as a museum. In New York City generations of rich have always come and gone, but the real gems on the island of Manhattan somehow manage to remain intact during all the dramas, the turmoil and conflicts that may accompany the lives of their owners.

Then it all starts again with the next generation of owners, or maybe "keepers" or "temporary" keepers can be better descriptions. These important trophy buildings themselves can remain silent, but in a sense are the true guardians of their heritage and manage successfully to indoctrinate their successive generations of owners regarding their lasting value.

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Thor Equities LLC Aquairs Barneys Department Store Building In Chicago For $154 Million

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 Barneys department store building in Chicago

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Thor Equities LLC  the New York-based real estate investor signed a contract to acquire  Barneys department store building on Oak street, Chicago , for $154 million. The price represents a 32 percent jump from the $117 million that the seller, New York-based Property and Building Ltd. (TASE:PTBL) subsidiary of  Tel Aviv, Israel-based IDB Holding Corp. Ltd. (TASE:IDBH) , paid for the property in March 2011. According to Israeli Globes, the company bought the property for $ 122 million of which $42 million was financed from equity and $80 million was financed with a long-term loan.

Barneys New York occupies 90,000 square feet of the building under a lease that runs through 2024. A Citigroup Inc. bank branch occupies the remaining 4,600 square feet.  The building generated $10.1 million in net operating income last year, according to a Bloomberg L.P. report on an $80 million loan encumbering the property. That would make Thor’s initial yield, or capitalization rate, on the sale about 6.6 percent.

The transaction is among the most expensive retail property sales in the downtown Chicago in recent years.

The sale price reflects the property’s fair value in Property and Building’s books, and it will not report an accounting gain or loss on the deal. Property and Building CEO Segi Eitan told Globes , “The Barneys’ deal reflects the company’s ability to locate and improve unique income-producing assets in terms of their location, timing, and quality of their tenants. The cash-on-cash yield on the company’s investment is 94%”.

$ 46 Million Raised at UJA-Federation of New York's 2014 Campaign Kickoff Event

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(L-R) UJA-Federation of New York:  Jeff Stern, Campaign Chair; Rt. Hon. Tony Blair; Linda Mirels, Chair of the Board ; Alisa Doctoroff, President ; and John S. Ruskay, Executive Vice President and CEO of UJA-Federation of New York / Michael Priest

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UJA-Federation of New York raised a record-breaking $46 million, an increase of $1 million from last year, at its 2014 Annual Campaign kickoff event held at the home of Merryl and James Tisch on October 24, 2013. A record turnout of 150 philanthropic leaders from the New York Jewish community gathered to pledge their support of UJA-Federation’s work to address economic, educational, and community needs, and respond to local and global crises.

“No other organization is better prepared to meet the needs in our community, every day and in the time of crisis, than UJA-Federation,” said Alisa Doctoroff, president of UJA-Federation of New York. “This is what makes UJA-Federation so unique, and this is why the leaders of the philanthropic community trust and choose UJA-Federation to determine how best to allocate funds to make the biggest impact.”

“Our campaign has launched successfully because of unmatched acts of charitable kindness,” said Linda Mirels, chair of UJA-Federation’s board. “This generosity will be felt throughout the community, when UJA-Federation provides critical support for its unparalleled network of camps, community centers, Hillels, human-service agencies, and overseas agencies.”

“Through our collective efforts, UJA-Federation can respond to both crises and opportunity,” said John Ruskay, executive vice president and CEO of UJA-Federation. “Last year at this time, Hurricane Sandy hit. Even as we were responding boldly to emergency needs, we were sending kids in Moscow to Jewish summer camps, bringing Ethiopians home to Israel, and making sure that Holocaust survivors didn’t go without care. That is the power of UJA-Federation and what we make possible.”

Launched nearly 30 years ago, the annual campaign kickoff event has brought together leading philanthropists who care deeply about strengthening the Jewish community and has raised more than $800 million.

Rt. Hon. Tony Blair, former prime minister of Great Britain and Northern Ireland, was the guest speaker, discussing the work of his foundation and his commitment to working toward peace in the Middle East.

About UJA-Federation of New York

For more than 95 years, UJA-Federation has been a central force for communal planning and philanthropy in the New York Jewish community. Through UJA-Federation, almost 60,000 donors pool, nearly 100 network beneficiary agencies, synagogues, and other Jewish organizations, in more than 70 other countries around the world, touching 4.5 million people each year.

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