The Changing Landscape of Asian Entrepreneurship, Minority Banks, and Community Development

2011 ◽  
Vol 9 (1-2) ◽  
pp. 78-90
Author(s):  
Tarry Hum

This policy brief examines minority banks and their lending practices in New York City. By synthesizing various public data sources, this policy brief finds that Asian banks now make up a majority of minority banks, and their loans are concentrated in commercial real estate development. This brief underscores the need for improved data collection and access to research minority banks and the need to improve their contributions to equitable community development and sustainability.

2015 ◽  
Vol 6 (3) ◽  
pp. 486-500 ◽  
Author(s):  
Jesse M. Keenan

This article examines the adaptive capacities of real estate firms in New York City in light of the increased risks of urban flooding. This exploratory research attempts to shed light on how and why firms of varying risk profiles are strategically adapting to these risks – if at all. Through the lens of a qualitative multi-criteria adaptive capacity framework, the results of six case studies are analyzed to identify what influences are shaping the actions and strategies of firms. The article examines the propositions that: (A) firms with observable strategies have undertaken ex post strategies which are principally driven by the firms’ financial bottom line; (B) firm strategies attribute little to no influence in their decisions to external or delayed costs and/or impacts relating to social and environmental influences; and, (C) firms with the comparatively most robust adaptive capacities will be those who: (i) are most aware of their vulnerabilities; and (ii) are themselves comparatively more vulnerable to the immediate risks associated with urban flooding. While the evidence largely supports the propositions, the results of this research can help shape the development of intelligence and strategic units within firms as they develop a capacity to adapt to ever changing conditions.


LOGOS ◽  
2021 ◽  
Vol 31 (4) ◽  
pp. 39-43
Author(s):  
David Emblidge

Abstract In 1989, a literary landmark in New York City closed. Scribner’s Bookstore, 597 Fifth Avenue, stood at the epicentre of Manhattan’s retail district. The Scribner’s publishing company was then 153 years old. In the 1920s, driven by genius editor Max Perkins, Scribner’s published Fitzgerald, Hemingway, and Wolfe. Scribner’s Magazine was The New Yorker of its day. The bookshop and publisher occupied a 10-storey Beaux-Arts building, designed by Ernest Flagg, which eventually won protection from the New York City Landmarks Preservation Commission. Medallions honoured printers Benjamin Franklin, William Caxton, Johann Gutenberg, and Aldus Manutius. The ‘Byzantine cathedral of books’ offered deeply informed personal service. But the paperback revolution gained momentum, bookshop chains like Barnes & Noble and Brentano’s adopted extreme discounting, and the no-discounting Scribner’s business model became unsustainable. Real estate developers swooped in. The bookshop’s ignominious end came when Italian clothier Benetton took over its space.


Author(s):  
Richard E. Ocejo

This book has examined how bars and nightlife scenes structure and influence life in downtown neighborhoods that have become, through advanced gentrification, upscale destinations for consumers and residents and prime locations for investment in high-end real estate and business. The proliferation of bars and growth of nightlife scenes underscore the importance of nostalgia for people in today's postindustrial city of constant, rapid destruction and ever-changing fashions. With upscaling comes conflict as well as ephemerality, as anchors of stability lose their strength to ground people amid their turbulent surroundings. Longtime residents of New York City use a nostalgia narrative of a dark period in their neighborhood's past to fuel their continuous protest despite the process's inexorable march towards an upscale status.


Author(s):  
Ian Thomas MacDonald

This chapter discusses a campaign by the New York hotel workers to ensure new hotels built in East Midtown will employ unionized labor and continue to offer decent wages and benefits. This case shows how the New York Hotel Trades Council's (HTC) intervention in East Midtown formed part of a broader campaign to block hotel development in a sector that is increasingly fragmented by service format, and most worrisome, witnessing a rapid growth of hotels providing few services and competing on price, leading to a stronger employer opposition to unionization. The outcome of this case speaks unequivocally to organized labor's strength in New York City politics and to a growing recognition in real estate and policymaking circles of labor's importance in urban land use planning.


Author(s):  
Beatriz Kalichman ◽  
Beatriz Rufino

This chapter examines the use of aesthetic and discursive elements in the production of a narrative about República, a district in the central area of São Paulo (Brazil) that has been transformed through a real estate boom in the past ten years. We focus on newly built studio apartments, and on the efforts to differentiate them from the quitinetes, apartments with similar features built in the 1950s and 1960s that have been heavily stigmatized. We situate our analysis of this purposeful urban transformation within a context intertwined with urban marketing, publicity, and image making. Our research shows the strong presence of an industrial aesthetic in the area, which we understand as being a deliberate echo of the gentrification process that took place in SoHo in New York City in the 1970s.


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