You can buy a home in the scenic Italian town of Sambuca for about $1—but there’s a catch

In some popular U.S. cities, such as San Francisco, the median home value is well over $1 million. But in the scenic Italian town of Sambuca, located in western Sicily, you can buy a home for one euro, or about $1.15. The properties range in size from about 430- to 1,610 square feet, so they’re on the small side, but most come with private grotto access. Sambuca, also known as the City of Splendor, was a nominee in 2016 Italy’s Most Beautiful Towns contest. It’s silent and peaceful, an idyllic r


In some popular U.S. cities, such as San Francisco, the median home value is well over $1 million. But in the scenic Italian town of Sambuca, located in western Sicily, you can buy a home for one euro, or about $1.15. The properties range in size from about 430- to 1,610 square feet, so they’re on the small side, but most come with private grotto access. Sambuca, also known as the City of Splendor, was a nominee in 2016 Italy’s Most Beautiful Towns contest. It’s silent and peaceful, an idyllic r
You can buy a home in the scenic Italian town of Sambuca for about $1—but there’s a catch Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-17  Authors: yoni blumberg, simon padovani
Keywords: news, cnbc, companies, sambuca, theres, buy, 1but, youll, located, italian, catch, woods, watch, western, town, properties, city, scenic, cities, come


You can buy a home in the scenic Italian town of Sambuca for about $1—but there's a catch

In some popular U.S. cities, such as San Francisco, the median home value is well over $1 million. But in the scenic Italian town of Sambuca, located in western Sicily, you can buy a home for one euro, or about $1.15.

Residents have fled to larger cities in recent years, and local officials have come up with a plan to sell dozens of homes for virtually nothing in the hope of repopulating and reviving the rural town. The properties range in size from about 430- to 1,610 square feet, so they’re on the small side, but most come with private grotto access.

There is a catch, though: If you purchase one of the houses, you must invest €15,000 ($17,100 USD) in renovations over the course of three years, since many of the properties were abandoned and are cluttered with broken stones and old furniture. You must also put down a security deposit of €5,000 ($5,700 USD).

So in actuality you’ll need to have more like $22,801 at the ready. Still, that’s not a bad deal.

Sambuca, also known as the City of Splendor, was a nominee in 2016 Italy’s Most Beautiful Towns contest.

“This fertile patch of land is dubbed the Earthly Paradise. We’re located inside a natural reserve, packed with history. Gorgeous beaches, woods and mountains surround us. It’s silent and peaceful, an idyllic retreat for a detox stay,” Giuseppe Cacioppo, Sambuca’s deputy mayor and tourist councilor, tells CNN.

Walking the streets you’ll find a mesh of baroque and Arab architectural styles. Tour guides can lead you through the “sunken city,” a labyrinth of underground sandstone passageways. Just watch out for ghosts. It’s rumored that spirits of slaughtered Saracen soldiers haunt the caves at night.

There haven’t been any official sightings reported yet, CNN notes.


Company: cnbc, Activity: cnbc, Date: 2019-01-17  Authors: yoni blumberg, simon padovani
Keywords: news, cnbc, companies, sambuca, theres, buy, 1but, youll, located, italian, catch, woods, watch, western, town, properties, city, scenic, cities, come


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Amazon has listed its first two job openings referencing New York’s HQ2

The New York Times’ Jim Stewart on why Amazon chose the wrong city 12:04 PM ET Fri, 16 Nov 2018 | 02:29Amazon’s HQ2 in New York will be in Long Island City, an industrial area in Queens. The other new headquarters will be located in Crystal City, Virginia, just outside of Washington, D.C. Amazon said it would hire 25,000 people in each HQ2 location over 10 to 12 years. The Crystal City office doesn’t have any openings listed yet. Amazon plans to hire 50 people for the ICC team in New York this y


The New York Times’ Jim Stewart on why Amazon chose the wrong city 12:04 PM ET Fri, 16 Nov 2018 | 02:29Amazon’s HQ2 in New York will be in Long Island City, an industrial area in Queens. The other new headquarters will be located in Crystal City, Virginia, just outside of Washington, D.C. Amazon said it would hire 25,000 people in each HQ2 location over 10 to 12 years. The Crystal City office doesn’t have any openings listed yet. Amazon plans to hire 50 people for the ICC team in New York this y
Amazon has listed its first two job openings referencing New York’s HQ2 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-15  Authors: eugene kim, don emmert, afp, getty images
Keywords: news, cnbc, companies, york, hq2, amazon, crystal, wrong, icc, yetamazon, hire, work, listed, referencing, job, yorks, openings, city


Amazon has listed its first two job openings referencing New York's HQ2

The New York Times’ Jim Stewart on why Amazon chose the wrong city 12:04 PM ET Fri, 16 Nov 2018 | 02:29

Amazon’s HQ2 in New York will be in Long Island City, an industrial area in Queens. The other new headquarters will be located in Crystal City, Virginia, just outside of Washington, D.C. Amazon said it would hire 25,000 people in each HQ2 location over 10 to 12 years. The Crystal City office doesn’t have any openings listed yet.

Amazon plans to hire 50 people for the ICC team in New York this year, according to the job posts. The listings are for a front-end engineer and a software development manager.

“Our expansion in HQ2 will allow ICC to meet its ever increasing staffing needs and provide the engineering leadership necessary across all of the other Amazon teams we work with that will also establish a base in HQ2 in the future,” the descriptions say.

In a statement after this story was published, Amazon said these positions will be in current New York City offices, and not in HQ2.


Company: cnbc, Activity: cnbc, Date: 2019-01-15  Authors: eugene kim, don emmert, afp, getty images
Keywords: news, cnbc, companies, york, hq2, amazon, crystal, wrong, icc, yetamazon, hire, work, listed, referencing, job, yorks, openings, city


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Job prospects are soaring in New York City, thanks to Amazon HQ2 and Google’s expansion plans

The job market in the Big Apple appears hotter than ever. According to a survey by Tech:NYC and Accenture, 80 percent of companies in New York City said they planned to hire more tech talent in 2018 than the year before. The trend is spurring demand for tech talent as well as for other support services, such as advertising, fintech, accounting, compliance and more. Headhunters say that although direct impact has yet to be seen, the expansion plans bode well for New York City’s job market. The hi


The job market in the Big Apple appears hotter than ever. According to a survey by Tech:NYC and Accenture, 80 percent of companies in New York City said they planned to hire more tech talent in 2018 than the year before. The trend is spurring demand for tech talent as well as for other support services, such as advertising, fintech, accounting, compliance and more. Headhunters say that although direct impact has yet to be seen, the expansion plans bode well for New York City’s job market. The hi
Job prospects are soaring in New York City, thanks to Amazon HQ2 and Google’s expansion plans Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-10  Authors: ellen sheng, eduardo munoz, robert bumsted, spencer platt, getty images
Keywords: news, cnbc, companies, market, hq2, soaring, thanks, job, city, talent, companies, plans, york, expansion, tech, labor, unemployment, googles, prospects


Job prospects are soaring in New York City, thanks to Amazon HQ2 and Google's expansion plans

The job market in the Big Apple appears hotter than ever. With unemployment at record lows, the battle for talent is raging as tech giants, including Amazon and Google, lay plans to open new or expanded operations in Manhattan and Long Island City.

Projects include the new $5 billion Amazon headquarters in Long Island City, Google’s new $1 billion 1.7-million-sq-ft campus in Hudson Square and a new office complex at Chelsea Market. According to a survey by Tech:NYC and Accenture, 80 percent of companies in New York City said they planned to hire more tech talent in 2018 than the year before.

The trend is spurring demand for tech talent as well as for other support services, such as advertising, fintech, accounting, compliance and more. Headhunters say that although direct impact has yet to be seen, the expansion plans bode well for New York City’s job market.

“Even though New York is one of the most expensive markets in the country, it offers huge advantages for companies,” said Jed Kolko, chief economist at online jobs site Indeed.com.

“It is the largest labor market in the country, and it’s a fairly diversified market,” he said, noting that New York City also offers a fairly broad mix of both employers and workers in many industries and occupations. For many companies, that makes it worthwhile to pay the high real estate and labor costs to be in New York.

The hiring spree will make an already tight job market even tighter. Last month the New York Department of Labor said seasonally adjusted unemployment fell to 3.9 percent in November. That’s the lowest level since the department started keeping records in 1976. Not only that, but New York State’s private-sector job count rose to an all-time high of 9.75 million.


Company: cnbc, Activity: cnbc, Date: 2019-01-10  Authors: ellen sheng, eduardo munoz, robert bumsted, spencer platt, getty images
Keywords: news, cnbc, companies, market, hq2, soaring, thanks, job, city, talent, companies, plans, york, expansion, tech, labor, unemployment, googles, prospects


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Baby rescued from rubble 35 hours after apartment collapse

Russian rescuers on Tuesday pulled an infant boy alive from the rubble of an apartment building, some 35 hours after a collapse that killed at least nine people and left dozens missing. The boy’s mother survived the collapse and went to a local hospital to identify him, state news agency Tass reported, citing the regional emergencies ministry. The regional emergency ministry said earlier Tuesday that 37 residents of the building had not been accounted for. Rescue crews had temporarily halted the


Russian rescuers on Tuesday pulled an infant boy alive from the rubble of an apartment building, some 35 hours after a collapse that killed at least nine people and left dozens missing. The boy’s mother survived the collapse and went to a local hospital to identify him, state news agency Tass reported, citing the regional emergencies ministry. The regional emergency ministry said earlier Tuesday that 37 residents of the building had not been accounted for. Rescue crews had temporarily halted the
Baby rescued from rubble 35 hours after apartment collapse Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-01  Authors: source, russian ministry for emergency situations photo vi
Keywords: news, cnbc, companies, hours, rubble, moscow, 35, miles, collapse, building, ministry, regional, rescued, baby, kilometers, apartment, southeast, minus, city


Baby rescued from rubble 35 hours after apartment collapse

Russian rescuers on Tuesday pulled an infant boy alive from the rubble of an apartment building, some 35 hours after a collapse that killed at least nine people and left dozens missing.

They found the baby after hearing cries amid the debris. A section of the 10-story building in the city of Magnitogorsk collapsed on Monday following an explosion believed to have been triggered by a natural gas leak.

Officials said the boy is in extremely serious condition, suffering from fractures, a head injury and hypothermia after spending 35 hours in temperatures that fell to about minus 20 degrees Celsius (minus 4 Fahrenheit).

More than 30 people who lived in the building have not been accounted for in the disaster in the city located 1,400 kilometers (870 miles) southeast of Moscow.

The boy’s mother survived the collapse and went to a local hospital to identify him, state news agency Tass reported, citing the regional emergencies ministry.

The regional emergency ministry said earlier Tuesday that 37 residents of the building had not been accounted for. Hopes of finding survivors were dimmed by the harsh cold.

“The child was saved because it was in a crib and wrapped warmly,” regional governor Boris Dubrovsky was quoted as saying by the Interfax news agency.

Rescue crews had temporarily halted their search while workers tried to remove or stabilize sections of the building in danger of collapse.

Several people were hospitalized with injuries from the collapse in the city about 1,400 kilometers (870 miles) southeast of Moscow, the emergency ministry said.

In a separate holiday period disaster, seven people including a couple and their three children died in a house fire in in the town of Orsk, about 1500 kilometers (900 miles) southeast of Moscow, the Interfax news agency said. The fire early Tuesday is believed to have been caused by an electrical short-circuit, the report said.


Company: cnbc, Activity: cnbc, Date: 2019-01-01  Authors: source, russian ministry for emergency situations photo vi
Keywords: news, cnbc, companies, hours, rubble, moscow, 35, miles, collapse, building, ministry, regional, rescued, baby, kilometers, apartment, southeast, minus, city


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NYC housing prices slide further, may last for months: Warburg Realty

There may be another bear market under way – in New York City real estate. A new report from Warburg Realty underscores just how deep the problem is, with the real estate firm estimating prices have tumbled between 10 and 20 percent since peaking in 2015. “The news from the post-Thanksgiving period is that this price capitulation has begun driving deals,” wrote Frederick Peters, Warburg’s CEO, in the firm’s fourth quarter NYC market report. Overall, however, New York City has become a microcosm


There may be another bear market under way – in New York City real estate. A new report from Warburg Realty underscores just how deep the problem is, with the real estate firm estimating prices have tumbled between 10 and 20 percent since peaking in 2015. “The news from the post-Thanksgiving period is that this price capitulation has begun driving deals,” wrote Frederick Peters, Warburg’s CEO, in the firm’s fourth quarter NYC market report. Overall, however, New York City has become a microcosm
NYC housing prices slide further, may last for months: Warburg Realty Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-30  Authors: javier e david, epics, hulton archive, getty images
Keywords: news, cnbc, companies, properties, slide, realty, york, peters, warburg, market, sellers, nyc, report, city, units, months, housing, prices


NYC housing prices slide further, may last for months: Warburg Realty

There may be another bear market under way – in New York City real estate.

For much of 2018, housing in the Big Apple has been entrenched in a buyer’s market, where prospective homeowners are able to extract lower prices from those looking to sell.

A new report from Warburg Realty underscores just how deep the problem is, with the real estate firm estimating prices have tumbled between 10 and 20 percent since peaking in 2015. Since the start of the fall season, reluctant sellers have relented and offered steeper discounts on their homes, Warburg said, adding that the market may not hit bottom for months.

“The news from the post-Thanksgiving period is that this price capitulation has begun driving deals,” wrote Frederick Peters, Warburg’s CEO, in the firm’s fourth quarter NYC market report. “In December sellers whose pricing reflected the new market realities sold their properties, especially where inventory remains limited.”

The landscape of the city’s residential market is mixed. Warburg pointed to several bright spots like Brooklyn’s brownstones and Central Park West’s ultra-high-end luxury homes as places where properties are being sold quickly and at high prices.

Overall, however, New York City has become a microcosm of a national housing market in the throes of a downturn – if not an outright correction. Home prices in Manhattan slid more than 3 percent in November versus the prior year, according to StreetEasy data, with 18 percent more homes on the market during the month than the comparable year-ago period.

“While I don’t believe the market has much further to fall, I do think it will be at least six months before it stabilizes around a new level from which expansion is possible,” Peters added.

Still, the city is building residential units at breakneck speed, raising the possibility that many of those vacancies will go unfilled in the coming months. A February report from analytics firm CoStar Group showed that New York City has more than 60,000 units under construction – the most of any U.S. city tracked by the firm.

Although CoStar data shows vacancy rates in the city have hovered between 2 percent and 4 percent, Warburg characterized the market’s ability to absorb new units as “slow,” especially among newly constructed condominiums.

As a result, “it will require several more years for the full complement of inventory in this category to enjoy full absorption,” Peters wrote.

“As we look to the months ahead, price capitulation remains key. Sellers who cannot accept the essential shift in market dynamics will likely see their properties linger on the market,” he said.


Company: cnbc, Activity: cnbc, Date: 2018-12-30  Authors: javier e david, epics, hulton archive, getty images
Keywords: news, cnbc, companies, properties, slide, realty, york, peters, warburg, market, sellers, nyc, report, city, units, months, housing, prices


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Transformer explosion in New York City lights up night sky

A transformer explosion at an electric power station in the New York City borough of Queens on Thursday led police officials to warn people to avoid the area, after social media users posted images of a bright light on the horizon. The Airport later said in a Twitter post some flights are not departing due to a power outage. “The light you have seen throughout the city appear to have been from a transformer explosion at a Con Edison facility in Queens,” the New York Police Department said in an


A transformer explosion at an electric power station in the New York City borough of Queens on Thursday led police officials to warn people to avoid the area, after social media users posted images of a bright light on the horizon. The Airport later said in a Twitter post some flights are not departing due to a power outage. “The light you have seen throughout the city appear to have been from a transformer explosion at a Con Edison facility in Queens,” the New York Police Department said in an
Transformer explosion in New York City lights up night sky Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-28  Authors: josh levin
Keywords: news, cnbc, companies, sky, lights, power, transformer, post, explosion, area, light, night, queens, electrical, twitter, york, city


Transformer explosion in New York City lights up night sky

A transformer explosion at an electric power station in the New York City borough of Queens on Thursday led police officials to warn people to avoid the area, after social media users posted images of a bright light on the horizon.

The Federal Aviation Administration instituted a groundstop at the LaGuardia Airport, according to NBC News. The Airport later said in a Twitter post some flights are not departing due to a power outage. It was not immediately clear if the two events were related.

“The light you have seen throughout the city appear to have been from a transformer explosion at a Con Edison facility in Queens,” the New York Police Department said in an advisory on Twitter to local residents.

“The fire is under control, will update as more info becomes available,” it said.

The New York Police Department’s 114th precinct, which patrols the area, said in a message on Twitter that people should avoid the area around the power plant.

Con Edison said in a Twitter post: “There was a brief electrical fire at our substation in Astoria which involved some electrical transformers and caused a transmission dip in the area. We’re currently investigating the cause of the incident.”

— CNBC contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2018-12-28  Authors: josh levin
Keywords: news, cnbc, companies, sky, lights, power, transformer, post, explosion, area, light, night, queens, electrical, twitter, york, city


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Tech companies anticipate influx of tech talent in NYC with Amazon HQ2

It may seem counter-intuitive that smaller tech companies are eager for a large potential rival to move onto their turf. They theorize Amazon’s presence will bring in new tech talent that might not otherwise come to New York. That could mean those new workers will eventually move on to smaller tech companies or come up with ideas for startups on their own, spurring interest from venture capitalists in the area. But what’s yet to be seen is how that talent and money will be distributed across the


It may seem counter-intuitive that smaller tech companies are eager for a large potential rival to move onto their turf. They theorize Amazon’s presence will bring in new tech talent that might not otherwise come to New York. That could mean those new workers will eventually move on to smaller tech companies or come up with ideas for startups on their own, spurring interest from venture capitalists in the area. But what’s yet to be seen is how that talent and money will be distributed across the
Tech companies anticipate influx of tech talent in NYC with Amazon HQ2 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-26  Authors: lauren feiner, don emmert, afp, getty images, leonard ortiz, digital first media
Keywords: news, cnbc, companies, nyc, google, york, anticipate, city, hq2, influx, amazon, talent, companies, amazons, long, tech, smaller


Tech companies anticipate influx of tech talent in NYC with Amazon HQ2

While many New Yorkers are dreading the day Amazon moves into its new “headquarters” in the Long Island City neighborhood of Queens and crowds the subway with 25,000 new workers, there’s one group of people welcoming the company with open arms: Executives at other tech firms.

It may seem counter-intuitive that smaller tech companies are eager for a large potential rival to move onto their turf. But New York-based recruiters and tech leaders say they’re using a different playbook from Amazon. They theorize Amazon’s presence will bring in new tech talent that might not otherwise come to New York.

That could mean those new workers will eventually move on to smaller tech companies or come up with ideas for startups on their own, spurring interest from venture capitalists in the area.

According to interviews with 15 New York-based entrepreneurs, tech executives and venture capitalists, Amazon’s move to NYC will lift up the local tech sector across the board, though some warn that it could also make it harder for smaller tech firms to compete for talent in the event of an economic downturn.

“We play the long game when it comes to talent,” said Melissa Enbar, VP of People and Culture at Birchbox, an online subscription service for beauty products.

Enbar said people are attracted to smaller firms for different reasons than large ones, like the opportunity to have more exposure and responsibility early on. She said she expects Amazon’s move will bring a wave of new talent to the city that a smaller company like Birchbox couldn’t afford to relocate on its own.

“Maybe their second job, like after they’re done with Amazon, is Birchbox,” Enbar said.

Amazon’s arrival in New York will certainly mark a significant moment for a city already considered to be the tech hub of the East Coast. Executives and investors said the move reinforces the city as an important place for tech and will help infuse it with venture capital and elite talent.

But what’s yet to be seen is how that talent and money will be distributed across the existing tech companies in the city in an already-tight labor market. While New York tech executives are hopeful that Amazon’s presence will spread the prosperity around, it may only last as long as the economy remains stable, some warn.

“In my experience in the past, when there’s been recessions, there’s always been a flight to safety from tech startups to larger companies that can provide more cash and more security,” said Dan Finnigan, president and CEO of recruitment platform Jobvite. For Amazon, that means “they could be timing it perfectly.”

Still, Finnigan and other tech leaders said Amazon’s move will be a net positive for the city’s startups. At the very least, they said, it won’t change much about the way they’re already competing for tech talent.

“To be honest, this is like the fifth time this has happened,” said Dennis Crowley, co-founder and executive chairman of Foursquare. Facebook and Google both have major offices in New York, with Google planning to invest another $1 billion in its new Hudson Square campus, following a $2.4 billion purchase of shopping and office complex Chelsea Market earlier this year. Between the two investments, Google said it could double its New York workforce of 7,000 over the next 10 years.

Amazon’s impact in New York is largely dependent on the types of jobs it ends up bringing there. Warren Lee, an independent New York-based investor who most recently worked for Canaan Partners, said that Google and Facebook would likely remain the chief rivals for engineering and product talent if Amazon opts to establish less technical projects in New York. Amazon did not respond to requests for comment.

On the other hand, Lee said, Amazon could pose a serious threat to AdTech companies in the city if it builds its advertising arm there, as many suspect was a key motivator to select the marketing mecca. In that case, AdTech companies would have to consider upping their pay and benefits to keep their niche talent, he said. Amazon said it will pay employees an average salary of $150,000 at its Long Island City office.


Company: cnbc, Activity: cnbc, Date: 2018-12-26  Authors: lauren feiner, don emmert, afp, getty images, leonard ortiz, digital first media
Keywords: news, cnbc, companies, nyc, google, york, anticipate, city, hq2, influx, amazon, talent, companies, amazons, long, tech, smaller


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How NBA Knicks star Enes Kanter spent his first big basketball paycheck

The one thing Kanter says he refuses to pay for is expensive bling. “I don’t really go around and spend thousands and thousands of dollars on jewelry,” says the 6-foot-11 basketball player. Kanter says when his teammates tell him to buy pricey jewelry, his thought is: “My gosh, this is not very smart,” he tells CNBC Make It. Kanter admits he has made mistakes with his finances, though: “I bought a house in Oklahoma City and as soon as I bought I’m like, ‘What am I doing? It’s Oklahoma City?’


The one thing Kanter says he refuses to pay for is expensive bling. “I don’t really go around and spend thousands and thousands of dollars on jewelry,” says the 6-foot-11 basketball player. Kanter says when his teammates tell him to buy pricey jewelry, his thought is: “My gosh, this is not very smart,” he tells CNBC Make It. Kanter admits he has made mistakes with his finances, though: “I bought a house in Oklahoma City and as soon as I bought I’m like, ‘What am I doing? It’s Oklahoma City?’
How NBA Knicks star Enes Kanter spent his first big basketball paycheck Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-24  Authors: catherine clifford, cameron browne, national basketball association, getty images
Keywords: news, cnbc, companies, basketball, success, big, im, city, paycheck, star, teammates, player, nba, enes, kanter, oklahoma, know, buy, spent, thousands, knicks


How NBA Knicks star Enes Kanter spent his first big basketball paycheck

The one thing Kanter says he refuses to pay for is expensive bling. “I don’t really go around and spend thousands and thousands of dollars on jewelry,” says the 6-foot-11 basketball player. “I know my teammates [do].”

Kanter says when his teammates tell him to buy pricey jewelry, his thought is: “My gosh, this is not very smart,” he tells CNBC Make It.

Kanter admits he has made mistakes with his finances, though: “I bought a house in Oklahoma City and as soon as I bought I’m like, ‘What am I doing? It’s Oklahoma City?’ You know… it’s an amazing city but I’m not there summertime and during the season I’m only there for like three and a half months so I’m like why did I buy buy this house?”

Kanter did sell the house, but it took him two years and he lost a small amount of money on the investment, he says.

Don’t miss:

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The ultimate success hack you can learn from Serena Williams playing tennis as a kid in her new Nike ad

Olympic hero Michael Phelps says the secret to his success is one most people overlook


Company: cnbc, Activity: cnbc, Date: 2018-12-24  Authors: catherine clifford, cameron browne, national basketball association, getty images
Keywords: news, cnbc, companies, basketball, success, big, im, city, paycheck, star, teammates, player, nba, enes, kanter, oklahoma, know, buy, spent, thousands, knicks


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Google to invest $1 billion in new campus in New York City

Google will invest $1 billion in a new campus in New York City, the company announced on Monday. The new 1.7 million square foot “Google Hudson Square” campus will include two buildings located at 315 and 345 Hudson Street and an office space situated at nearby 550 Washington Street in Manhattan, Google said in a blog post on Monday. The move will expand Google’s presence near the Hudson River in New York City. Google said the Hudson Square campus will be the main location for its New York-based


Google will invest $1 billion in a new campus in New York City, the company announced on Monday. The new 1.7 million square foot “Google Hudson Square” campus will include two buildings located at 315 and 345 Hudson Street and an office space situated at nearby 550 Washington Street in Manhattan, Google said in a blog post on Monday. The move will expand Google’s presence near the Hudson River in New York City. Google said the Hudson Square campus will be the main location for its New York-based
Google to invest $1 billion in new campus in New York City Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-17  Authors: elizabeth schulze, nurphoto, getty images
Keywords: news, cnbc, companies, york, hudson, google, invest, street, city, square, campus, announced, billion, washington


Google to invest $1 billion in new campus in New York City

Google will invest $1 billion in a new campus in New York City, the company announced on Monday.

The new 1.7 million square foot “Google Hudson Square” campus will include two buildings located at 315 and 345 Hudson Street and an office space situated at nearby 550 Washington Street in Manhattan, Google said in a blog post on Monday.

The move will expand Google’s presence near the Hudson River in New York City. Earlier this year, the search giant announced it had purchased shopping and office complex Chelsea Market for $2.4 billion.

Google said the Hudson Square campus will be the main location for its New York-based global business organization. It said the investments in Chelsea and Hudson Square will create capacity to more than double headcount in New York over the next decade. Google currently houses more than 7,000 employees in New York City in a range of teams including Search, Ads, Maps, YouTube and Cloud.

“Our investment in New York is a huge part of our commitment to grow and invest in U.S. facilities, offices and jobs,” Alphabet CFO Ruth Porat said in the blog post.

Google signed lease agreements for the Hudson Street spaces and plans to move into the two buildings by 2020, the company said. It signed a letter of intent for the 550 Washington Street space, where it will move in 2022 once the building is complete.

The news follows Apple’s announcement last week that it will invest $1 billion in a new campus in Austin, Texas and build new sites in Seattle, San Diego and Culver City, California. Amazon announced last month it will open one of its new headquarters in the Long Island City neighborhood of Queens in New York.

Google shares traded roughly 2 percent lower in pre-market and have dropped 2 percent year-to-date.


Company: cnbc, Activity: cnbc, Date: 2018-12-17  Authors: elizabeth schulze, nurphoto, getty images
Keywords: news, cnbc, companies, york, hudson, google, invest, street, city, square, campus, announced, billion, washington


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These are the hottest travel destinations for 2019, from Savannah to Singapore

American Express recently revealed the top trending travel destinations for 2019, based on its year-over-year (2017 versus 2018), proprietary American Express Travel 2018 booking data for trips being booked for 2019. These are the top trending travel destinations for 2019, according to American Express. Doha, QatarBookings to Doha, Qatar were up 31 percent among AMEX cardmembers year-over-year, making it a trending destination for 2019. Hamburg, GermanyHamburg, Germany has certainly earned its s


American Express recently revealed the top trending travel destinations for 2019, based on its year-over-year (2017 versus 2018), proprietary American Express Travel 2018 booking data for trips being booked for 2019. These are the top trending travel destinations for 2019, according to American Express. Doha, QatarBookings to Doha, Qatar were up 31 percent among AMEX cardmembers year-over-year, making it a trending destination for 2019. Hamburg, GermanyHamburg, Germany has certainly earned its s
These are the hottest travel destinations for 2019, from Savannah to Singapore Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-07  Authors: sarah berger, martin puddy, getty images
Keywords: news, cnbc, companies, yearoveryear, destinations, hottest, bookings, amex, singapore, travel, 2019, cardmembers, savannah, spot, city, trending


These are the hottest travel destinations for 2019, from Savannah to Singapore

A new year means new opportunities to tick off the destinations on your bucket list. So, where are people headed?

American Express recently revealed the top trending travel destinations for 2019, based on its year-over-year (2017 versus 2018), proprietary American Express Travel 2018 booking data for trips being booked for 2019. While a few of the usual tourist hot spots — like Tuscany and the Bahamas — made the list, there were a number of surprising, far-flung locations people are jetting off to. Another twist? The two American cities that snagged spots aren’t New York City or Los Angeles.

These are the top trending travel destinations for 2019, according to American Express.

Barcelona, Spain

Barcelona is widely-known as a vacation hot spot. Rich in history, culture and delicious food, this beachside city experienced a 26 percent year-over-year booking increase among American Express cardmembers.

Doha, Qatar

Bookings to Doha, Qatar were up 31 percent among AMEX cardmembers year-over-year, making it a trending destination for 2019. The city is known for its art scene (the Museum of Islamic Art is located here), as well as its dynamic architecture.

Hamburg, Germany

Hamburg, Germany has certainly earned its spot on AMEX’s list of trending destinations for 2019; bookings were up a whopping 62 percent year-over-year. Hamburg touts Germany’s biggest port, is the country’s second-largest city, and has everything from a fun nightlife scene to beautiful architecture.

Marrakech, Morocco

With bookings up an impressive 89 percent year-over-year among AMEX cardmembers, Marrakech, Morocco is a trending destination for 2019. Marrakech oozes with culture and art and is certainly a sight to see, with beautiful palaces, gardens and museums.

New Zealand

Beautiful New Zealand is known for breathtaking views of forests, mountains, lakes, beaches and fjords. Bookings to New Zealand among AMEX cardmembers were up 25 percent year-over-year, making this hot spot a trending destination for 2019.

Nassau, Bahamas

Every year, vacationers flock to the Bahamas for some fun in the sun, and 2019 is shaping up to be no different: Cardmember bookings were up 63 percent year-over-year to Nassau, Bahamas.

Savannah, Georgia, U.S.

Savannah, Georgia, beat out major metros like New York City and Los Angeles as one of the only cities in the United States to crack AMEX’s trending destinations for 2019. Savannah experienced a 95 percent year-over-year increase in bookings. This southern city is rich in history, art and culture, and has even been lauded as one of the most romantic cities in the U.S.

Singapore

Many people must have gotten the travel bug for Singapore after seeing the hit movie “Crazy Rich Asians,” which takes place in the island country. Bookings to Singapore among AMEX cardmembers were up 24 percent, year-over-year. Singapore offers everything from eye-popping botanical gardens to Michelin-starred food stalls.

Tuscany, Italy

Tuscany, Italy, is a favorite among tourists, and 2019 will likely be no different. The iconic city experienced a 25 percent year-over-year spike in bookings among AMEX cardmembers. Tuscany offers renowned food and wine, as well as stunning landscapes and architecture.

Washington, D.C., U.S.

The second U.S. city to snag a spot on AMEX’s list of 2019 trending destinations is none other than Washington, D.C. The nation’s capital boasts a 21 percent year-over-year increase in bookings among AMEX cardmembers.

Don’t miss: How to travel to Singapore ‘Crazy Rich Asians’ style for cheap

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Company: cnbc, Activity: cnbc, Date: 2018-12-07  Authors: sarah berger, martin puddy, getty images
Keywords: news, cnbc, companies, yearoveryear, destinations, hottest, bookings, amex, singapore, travel, 2019, cardmembers, savannah, spot, city, trending


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