Category Archives: Business Strategist

Tiffany & Co. Building Purchased By Fortress Investment Group At Half The Estimated Price

Fortress Investment Group is a New York City-based investment management firm that focuses on alternative assets in liquid hedge funds, credit funds, and private equity. The firm was established in 1998 by Wes Edens, Randal Nardone, and Rob Kauffman, and became well known for being the first private firm of its kind to become publicly traded. Fortress Investment Group was acquired late last year by Softbank for $3.3 billion, and became once again a private firm.

The firm made headlines recently after making a deal in southern Florida, and acquiring the iconic Worth Avenue building in Palm Beach. Worth Avenue is a famous shopping location, and the building in question has been the home of Tiffany & Co. since 1991. The brand operates out of the 2nd floor, leasing a space of 11,081 square feet. Despite the fact that the building got purchased by Fortress Investment Group, it will retain its current tenants – one change is expected however, as plans are to create a class A office space using the remaining available space on the second floor, a venture which is expected to generate solid returns for its investors. More Business News at businesswire.com

The deal naturally generated a lot of buzz in the area, but it also generated surprise due to the fact that the building got sold for $20 million. When the property was put up for sale in 2016 by Franklin Street, a commercial brokerage firm in Tampa, the local media outlets and newspaper estimated that the location could sell for up to $40 million, double the amount that it actually got sold for. Greg Matus, a senior vice president of investment sales at the Franklin Street brokerage firm, handled both sides of the sale and noted in an official statement that it was a rare opportunity for the investor to purchase a premier asset on one of the most well-known retail streets on the planet.

The media is currently speculating on weather the purchase made by Fortress Investment Group is in any way related to their involvement with the All Aboard Florida, a passenger train line that is currently being developed by Brightline, a company also owned by FIG.

Read more: https://www.wsj.com/articles/softbank-nears-deal-to-buy-fortress-investment-group-for-more-than-3-billion-1487112978

 

Paul Herdsman- COO Of NICE Global

 

Paul Herdsman is a businessman with experience of several years in the customer acquisition, customer retention and business growth. Herdsman offers business solutions to businesses owners who would like to see their businesses achieve better results. He is the co-founder and COO of NICE Global, a successful venture he created in 2013. Herdsman has established himself as a brilliant entrepreneur and an international businessman.

 

NICE Global has headquarters in Montego Bay, Jamaica. The primary role of Nice Global is to provide customer services to other companies that are looking to outsource for various purposes. NICE Global is concerned with helping businesses to improve their productivity. There are three main goals that this company plays. Customer retention, reduction of overhead costs and increasing revenue are some of the things they most concerned with.

 

NICE Global is known for assisting their clients to attain tangible results. All their clients even before they started operating as a company were happy with the results they were getting from Paul Herdsman and his team at NICE Global. Paul Herdsman has been in the customer services for a long time. He has assisted the companies he worked for to improve their customers’ relations and that is when Herdsman noticed that he had an exceptional talent in resolving issues related to customer service.

 

Apart from delivering for their customers, NICE Global is also rewarding its employees. They recognize tangible contributions of the employees who show hard work and dedication to complete tasks. They have incentive-based programs to ensure that the employees are always motivated. Paul Herdsman recognizes that there is a strong connection between the success of the NICE Global team and the success of their clients. If the clients are to succeed, the team working with the company must know what success feels like. Paul Herdsman is hoping that he will build on the progress that has been seen by NICE Global in the first few years of its operations to develop it into a more formidable company. Read This Article to learn more about Herdsman

 

Source article: http://inspirery.com/paul-herdsman/