This content is for subscribers only.Subscribe Now Israel Englander and 8 East 75th Street (Credit: Getty Images, Google Maps)Billionaire Israel Englander has added to his real estate portfolio, shelling out $38 million for an Upper East Side townhouse tied to the Sackler family, the founders of Purdue Pharma.Public records show the hedge funder closed on the house, located at 8 East 75th Street, on Jan. 3. The five-story house — which is steps from Fifth Avenue and the Metropolitan Museum of Art — was previously owned by Mortimer D.A. Sackler, records show.Sackler, the son of the late founder of Purdue Pharma, purchased the house for $15.5 million in 2004. The elder Sackler owned Purdue Pharma with his brother Raymond and died in 2010.The off-market deal comes as the Sacklers have been accused of fueling the opioid epidemic. Purdue Pharma, the maker of OxyContin, filed for bankruptcy in September as part of a larger settlement of thousands of lawsuits over the crisis.The New York Attorney General’s office said in September that it had identified $1 billion worth of wire transfers by the Sackler family, signaling that they may have been trying to hide assets as lawsuits filed against Purdue have mounted in the wake of the opioid epidemic. The AG’s office also alleged that Sackler failed to disclose his ownership of the 75th Street townhouse in litigation, NBC reported.Another member of the family, David Sackler, recently shed a condominium at 200 East 66th Street for about $6 million.The latest sale adds to Englander’s growing empire on the Upper East Side.The founder of Millennium Management, who is reportedly worth $6 billion, paid a record $71.2 million for the penthouse at 740 Park Avenue in 2014. The unit was owned by the French government and was asking $48 million.More recently, in 2018, Englander’s wife Caryl Englander bought a full-floor at 432 Park Avenue for $60.08 million. Englander, a philanthropist and photographer, paid $7,250 per foot for the 8,200-square-foot pad.In general, the townhouse market has been sluggish — with the exception of several big ticket deals. In June, hedge funder John Griffin paid a record $77 million for 14-16 East 67th Street, previously owned by financier Philip Falcone. In December, a townhouse owned by art dealer Carlton Hobbs was briefly on the market for $68 million.Read moreEnglander pays $71M for co-op penthouseDavid Sackler sells $6M condoDavid Sackler sells Lenox Hill condo
Vermont Business Magazine The National Association of Attorneys General (NAAG) will be hosting its annual Summer Meeting in Burlington on June 21. Vermont Attorney General Bill Sorrell will welcome the nation’s State Attorneys General. The three-day Summer Meeting is an opportunity for attorneys general to convene with key staff, other government officials and academic, corporate and association representatives to discuss legal issues on a number of topics to include consumer credit reporting, veterans in the workforce, health insurance coverage and mental health treatment, and keeping children safe.Governor Peter Shumlin will extend a welcome at the Tuesday opening luncheon at the Hilton Hotel and Burlington Chief of Police Brandon del Pozo is featured as the first guest speaker to kick off the meeting. Most of Wednesday’s presentations will address civil rights issues, past and present. Former Vermont Chief Justice and Attorney General Jeff Amestoy will discuss the 1853 prosecution of America’s only African-American attorney for opposing slavery—a case described in his recent non-fiction book, Slavish Shores: The Odyssey of Richard Henry Dana, Jr. Former Tennessee Attorney General Mike Cody will discuss his firm’s representation of Martin Luther King, Jr at the time of his death in then-segregated Memphis followed by a panel discussion led by Attorney General Sorrell, on the present day need to build a coalition of trust between police and communities of color. On Thursday, Vermonter and former Commissioner of the Federal Trade Commission Julie Brill will lead a panel discussion on privacy and data security regulation and law enforcement.“I am honored to welcome my friends and colleagues from around the country to our beautiful State,” said Sorrell. “I am particularly proud to share the agenda with Vermonters who have earned national reputations for excellence in their respective professions.”WHEN & WHERE:Tuesday, June 21 at noon through June 23 until 3:45 p.m.Hilton Burlington, 60 Battery Street, Burlington, VT 05401Open sessions will be videotaped and posted to the NAAG website, www.naag.org(link is external), the same day as presented.Vermont AG: June 13, 2016
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Ventev Wireless Infrastructure, a unit of TESSCO Technologies (NASDAQ: TESS), and the Venti Group, LLC today announced plans to collaborate and introduce high-performance antennas and RF technologies that will meet carrier and enterprise demand for increased indoor 3G and LTE network coverage and capacity today, and in the future.With the increasing use of smartphones, tablets and other mobile devices, network operators in colleges, stadiums, corporate office buildings and city centers are tasked with providing next-generation cellular coverage and capacity both indoors and outdoors, as well as minimizing the contribution to noise levels introduced into the system as bandwidth needs increase. The RF technologies for distributed antenna systems (DAS) developed by Venti and incorporated into Ventev’s TerraWave® antennas will solve these challenges.Ventev®, a market leader in engineering-driven wireless products that support wireless radio deployments in enterprise environments, chose the Venti Group as a technology partner because of the company’s proficiency in low-PIM technologies, as well as its patented Horizontal Polarization RF technologies. Ventev will market, sell, and distribute these innovative products through TESSCO Technologies. The Venti Group chose to partner with Ventev and TESSCO to exclusively bring to the North American market our DAS technology because of their leading wireless position in North America. Their partnership enables Ventev to expand the use of Venti technology in additional products in the future.For more information about Ventev’s complete ecosystem of antennas, enclosures, and accessories that optimize and enhance any type of wireless network, please visit www.ventev.com/infra.About Ventev Wireless InfrastructureVentev Wireless Infrastructure, a unit of TESSCO Technologies Inc., designs and manufactures solutions that deploy, protect, power, and improve the performance of indoor and outdoor Wi-Fi, DAS (distributed antenna systems), cellular, mesh and two-way networks. Ventev Wireless Infrastructure’s (www.ventev.com/infra) three product lines are: TerraWave Solutions® (Wi-Fi enclosures, antennas and cable assemblies); Ventev® (integrated power and outdoor enclosure solutions); and Wireless Solutions® (base station infrastructure including towers, site hardware and grounding).About TESSCOTESSCO (NASDAQ: TESS) makes wireless work. The convergence of wireless and the Internet is creating opportunities for new applications that revolutionize the way we live, work and play. TESSCO Technologies enables organizations to capitalize on these opportunities while providing an extraordinary business experience. We deliver the knowledge, product and supply-chain solutions required to build, use, and resell wireless voice, data and video systems.