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Condos at NYCs Ground Zero Mosque Site Get Global Financing

May 24, 2016September 16, 2016Michael Chu’di Ejekam A luxury-condo project planned for the lower Manhattan site of what was once to be the Ground Zero mosque has received $219 million in financing from an international consortium of lenders, paving the way for 50 high-end units to enter a New York market that is growing heavy with them. Developer Soho Properties, led by Sharif El-Gamal, said the project known as 45 Park Place has received a senior construction loan totaling $174 million from a syndicate that includes Malayan Banking Bhd., Malaysias top lender; Warba Bank of Kuwait and Intesa Sanpaolo SpA of Italy, …

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The Best Month To Sell A House!

May 16, 2016September 16, 2016Michael Chu’di Ejekam Just like there’s a magic day to buy a plane ticket, there’s a specific month when you should try to sell your house: May. In a new study, researchers at Zillow found that homes listed between May 1 through May 15 sold, on average, around 18.5 days faster than homes that weren’t listed during that timeframe. Homes that sold in the first half of May were also purchased for about 1 percent more than the average listing, which translates to a premium of about $1,700.  Tom Merton via Getty Images The best time to sell a home …

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New York Housing Crisis

May 17, 2016September 16, 2016Michael Chu’di Ejekam Clinton and Sanders have yet to address the ubiquitous housing affordability crisis in New York City that is displacing longtime residents and potential voters Braced against the wind whistling down her Brooklyn street in between chilly April showers, Tatiana Williams looked up at the concrete housing block ahead and wondered how much longer she would be able to carry on living there. They are developing so much around here, its gotten really expensive. Some of the affordable places are trying to go private, its happened to the building next to mine, and when …

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The incredible possibilities of ‘invisible’ wood

June 3, 2016September 16, 2016Michael Chu’di Ejekam (CNN)Wood has been the building block of some of the world’s greatest architectural feats for thousands of years. As architects and engineers look for more sustainable, green materials to build with — new research has brought the material back into the limelight, in an entirely unexpected way. Over the past year, scientists at the University of Maryland, College Park have worked to develop a superior, transparent version of wood. Currently, Hu’s team is seeking additional funding to expand their research, and predicts that transparent wood will be on the commercial market in a …

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10 most beautiful alpine ski resorts

June 10, 2016September 16, 2016Michael Chu’di Ejekam (CNN)Choosing the most beautiful ski resort in the Alps is like picking the prettiest diamond. Pristine peaks and sparkling snow make for an attractive package — even with some of our man-made “creations” — but some just carry their beauty a little bit better. The setting, the architecture, the atmosphere, the personality — it all somehow adds up to more than the sum of the parts. These 10 Euro treasures will spark instant alpine urges. Zermatt, Switzerland Unique selling points: Famed Valais village, world-class skiing, rich mountaineering history, iconic pointy peak. From sneaky …

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In Russia, Palaces and Metro Stations Are Hard to Tell Apart

June 14, 2016September 16, 2016Michael Chu’di Ejekam It is surprisingly hard to tell the difference between photos of Moscow’s metro stations and photos of Russia’s historic palaces. The stations, like the palaces, are supremely decadent, with high arched ceilings, opulent gold leaf, and glittering chandeliers. Photographer David Burdeny takes us inside with A Bright Futureand leaves you wondering just what you’re seeing. Burdeny, who has a masters in architecture and a bachelors in interior design, became fascinated by Russian interiors three years ago while working on a project about European palaces. “For me, Russia was this mythical place shrouded in mystery, …

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Architects claim this 3D-printed house is earthquake-proof

July 7, 2016Michael Chu’di Ejekam Image: People’s Daily/facebook While we’ve been hearing a lot about 3D-printed structures, this two-storey villa located in Beijing, China, is impressive if it lives up to its claims. The 400-square-metre house, with walls as thick as 2.5 metres, was fully printed in one go, and constructioncompletedin just 45 days. SEE ALSO: Bullied parrot finds new confidence with 3D-printed beak According to The Mirror, a project manager for the house has claimed that the house is sturdy enough to withstand an 8-Richter scale magnitude earthquake. Image: PEOPLE’S DAILY/FACEBOOK Beijing-based architecture firm Huashang Tengda told reporters that the entire project required …

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Michael Chudi Ejekam, Retail Developer, Extols Future of Pick N Pay in Nigeria

April 28, 2016June 29, 2016Michael Chudi Ejekam This article was originally distributed via SproutNews. SproutNews, WorldNow and this Site make no warranties or representations in connection therewith. Expert retail developer, Michael Chudi Ejekam, praises the possibility of Pick N Pay and the future of the retail market in Nigeria and Sub Saharan Africa. New York, NY, United States – April 28, 2016 /PressCable/ — Michael Chudi Ejekam, a recognized authority in retail real estate development, discusses a recent article about the planned entry of a major grocery chain into Nigeria and the problems faced by prior attempts by other retailers. …

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Michael Chudi Ejekam Comments on Resilience of Shoprite’s Earnings in Nigeria

May 3, 2016June 29, 2016Michael Chudi Ejekam Michael Chudi Ejekam, Expert Retail Developer, Comments on Shoprite’s strategy to be successful in Nigeria’s emerging market. New York, NY, United states – May 3, 2016 /PressCable/ — Michael Chudi Ejekam, a recognized authority in retail real estate investment, comments on the resilience of Shoprite’s Nigeria earnings despite foreign exchange controls and a sharp drop in crude oil prices. Shoprite is Nigeria’s largest hypermarket by sales volume. According to the Bloomberg article, derived from Shoprite Holdings half year financial results for the period ending Dec 31st 2015: “Nigeria showed healthy sales growth despite a …

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Michael Chudi Ejekam Shares Insights on $1Billion Longer-Life Private Equity

May 26, 2016June 29, 2016Michael Chudi Ejekam Michael Chudi Ejekam, commercial real estate expert shares his insights on the recent Wall Street Journal article on the Atlas Partners Longer-Life Private Equity Fund which raised one billion dollars. New York, NY, United States – May 26, 2016 /MarketersMedia/ — Michael Chudi Ejekam, an expert private equity investor, provides insight on the emergence of longer-life private equity funds such as Altas. In a recent article printed in the Wall Street Journal by Chris Cummings, it was reported that the emergence of longer-life private equity funds such as Altas recently hit a new benchmark …

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