The United Nations General Assembly convenes in NYC this week and President Obama will be in town for a couple of days to address the Assembly. Of course he will need a comfy place to sleep where there is plenty of security, because we do not want foreign espionage agents tapping his phone to listen to affairs of state and chit chat with Michelle and the kids.

The Secret Service announced that the Waldorf-Astoria, where presidents since Herbert Hoover have stayed when visiting NYC, is now off limits because it is owned by Chinese Insurance conglomerate, Anbang. The Company bought the Waldorf recently for $1.9 Billion and it also acquired 717 Fifth Avenue in May. The reason Obama, or any future President I suppose, will no longer stay at the venerable Waldorf is for “security reasons,” fearing that his room and telephones will be wire-tapped by the Chinese government. This raises interesting questions.

Does every business man or women, or lower level governmental official need to worry about wire-taps when they stay at the Waldorf? And what about tenants at 717 Fifth Avenue, shouldn't they be worried as well?

Alas, it is starting to feel like the cold war. Word has it that Obama is going to stay at the YOTEL on Times Square with its small, clean and soundproofed rooms. I'm sure he'll have a good night's sleep knowing his secrets are secure.

Sponsored Jobs:

NORTH SHORE LIJ
Operations Manager
(MANHASSET, NY) Manager will plan, organize and manage the staff and daily activities of Property Management. Duties include preparing, managing and coordinating annual budgets and cost control measures with Real Estate Services. (Sponsored Job)

BROOKWOOD FINANCIAL PARTNERS
Senior Property Manager
(BEVERLY, MA) Position will manage the operation and maintenance of the property; negotiate with vendors regarding service and construction contracts; oversee major repairs and construction projects including tenant and building improvements; and direct the activities of site personnel and evaluating their performance. (Sponsored Job)

SHERIDAN HEALTHCORP, INC.
Real Estate and Facilities Project Specialist
(SUNRISE, FL) Specialist will be responsible for supporting the Company's real estate portfolio by managing the work flow of lease and other property related agreements and providing project management assistance related to facilities renovations and relocations. (Sponsored Job)

REIT MANAGEMENT & RESEARCH LLC
Senior Director of Marketing & Communications
(NEWTON, MA) The Senior Director will lead efforts to define Reit Management & Research LLC's corporate brand and brand strategy as it changes its name and prepares to go public later this year. As part of his/her brand strategy responsibilities, the Senior Director will drive marketing, communications, awards, events, charitable giving, and community service plans and programs to support the brand.

PRUDENTIAL
Investment Vice President, Multifamily Asset Management
(SAN FRANCISCO, CA) Individual will be responsible for the successful creation and implementation of asset-specific business plan strategies and driving the financial performance of their respective portfolio of multifamily and mixed use operating and development properties.

DIVIDEND CAPITAL DIVERSIFIED PROPERTY FUND
Analyst
(DALLAS, TX) Analyst will provide advanced financial analysis, research, and due diligence support to associates and senior management for IIT's acquisitions and asset management activities.

ERNST & YOUNG
Transaction Advisory Services Senior
(CHARLOTTE, NC) Duties include: participating in real estate advisory engagements including asset valuations, real estate appraisals and appraisal reviews, financial analyses, cash flow modeling, property/ portfolio modeling, analytical model reviews, loan portfolio underwriting, market due diligence, and other general real estate advisory services.

GIA
Director, Global Real Estate and Facilities
(CARLSBAD, CA) Director will provide global real estate and facility management, support, and vision to the organization. Position will be responsible for planning, acquisition, and development of existing and new properties across the globe.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.