Day: February 23, 2021

Slate of speakers announced for virtual Business Analytics Symposium

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Phil Falcone mansions head to foreclosure auction amid money woes

Former high-flying billionaire hedge-fund manager Phil Falcone appears to be close to losing his townhouse on East 67th Street as well as his Hamptons estate.

Newmark’s Dustin Stolly and Jordan Roeschlaub of Newmark have posted an advertisement for an upcoming sale of two entities that own the properties on behalf of the lender, Melody Business Finance, listing an outstanding loan balance of $74.2 million.

While the ad doesn’t list Falcone as the owner of the troubled entities — Croxton 2 LLC and Three-Hundreth Street LLC — he and his wife, Lisa Marie Falcone, bought the East 67th Street house in their names prior to transferring it to the LLC. They are also both listed on the Melody mortgage documents as guarantors.

Interested bidders could attempt to collect the remaining $74,251,646 on the loan or simply foreclose on the two properties. The sale will take place on April 13 the marketing

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RetailTech The Next Hot Spot-Lloyd Mathias

Technology in the retail space is still largely untapped unlike those in FinTech, EdTech, HealthTech and MarTech . The biggest challenge is that Indian retail is still dominated by the traditional kirana store where technology for most still means acceptance of digital payments like Paytm or Google Pay. Very little tech enablement has happened in merchandising, stock management, customer insights and loyalty.

RetailTech – the field of retail technology, which encompasses a broad array of tools that help retailers manage their operations, is growing rapidly. It is a term for solutions that enable all retailers: brick-and-mortar, e-commerce, large format or traditional mom-n-pop – to manage and optimize operations. These tech tools help retailers increase revenues, reduce costs and improve customer experience.

This space is ripe for disruption, given the rapid expansion of broadband, the penetration of smart phones and the fact that apps like WhatsApp already have over 450

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County acquires business center, launches program

Pulaski County has a new program focusing on providing assistance and support to small businesses and local entrepreneurs looking to start or grow a business.

The rollout of the small business development program coincides with the county acquiring New River Valley Business Center, a mixed-use business incubator developed on Viscoe Road in Fairlawn in 1983. The county recently received ownership of the facility from New River Valley Development Corporation.

County Administrator Jonathan Sweet said the new program is operating out of the former incubator, which will be renamed “Pulaski County Innovation Center.”

“Small business development has been a priority of the EDA (Economic Development Authority) ever since we transitioned from an Industrial Development Authority in April of 2018, and broadened our focus to include small business and entrepreneurial support services, tourism and marketing, workforce development, community engagement, retail and commercial development, economic diversification and residential development,” said Jon Wyatt, EDA

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