Tuesday, July 21, 2009
UNION NYC x PEGLEG x CASIO G-SHOCK DW-6900
100 pieces will be available starting Thursday, July 23rd at UNION NYC and online at http://peglegnyc.com/ST. REGIS MONARCH BEACH
ON THE TWITTER I’VE SPOKE ABOUT ME BEING SURPRISED ABOUT CERTAIN THINGS GOING OUTTA OF BUSINESS AND HOW THIS RECESSION IS EFFECTING EVERYBODY. HERE’S ANOTHER EXAMPLE
St. Regis Monarch Beach Turned Over To Citigroup
the owners of the St. Regis Monarch Beach in Dana Point, California had defaulted on a $70-million loan. The Orange County resort, infamous for being the site of the $443,000 AIG retreat after the federal bailout, was scheduled for a foreclosure auction. The auction didn’t take place and the resort was officially turned over to the lender of its $70 million mezzanine loan, Citigroup. The Wall Street Journal reports that deal took place after weeks of negotiations between Citigroup and the owners of the hotel, Farallon Capital Management LLC and Makar Properties LLC. A Citigroup spokesperson has said that the foreclosure acquisition will have no impact on the daily operations of the resort which will carry on as usual.
The St. Regis has a 400-room hotel, a golf course, a private beach club and several restaurants including Michael Mina’s Stonehill Tavern. The property is current on two other mortgages totaling $230 million and was refinanced in 2007 resulting in the $300 million in debt. The five-star hotel is located near Laguna Beach, California which is also home to Ritz-Carlton and Montage luxury resorts. Occupancy
St. Regis Monarch Beach Turned Over To Citigroup
the owners of the St. Regis Monarch Beach in Dana Point, California had defaulted on a $70-million loan. The Orange County resort, infamous for being the site of the $443,000 AIG retreat after the federal bailout, was scheduled for a foreclosure auction. The auction didn’t take place and the resort was officially turned over to the lender of its $70 million mezzanine loan, Citigroup. The Wall Street Journal reports that deal took place after weeks of negotiations between Citigroup and the owners of the hotel, Farallon Capital Management LLC and Makar Properties LLC. A Citigroup spokesperson has said that the foreclosure acquisition will have no impact on the daily operations of the resort which will carry on as usual.The St. Regis has a 400-room hotel, a golf course, a private beach club and several restaurants including Michael Mina’s Stonehill Tavern. The property is current on two other mortgages totaling $230 million and was refinanced in 2007 resulting in the $300 million in debt. The five-star hotel is located near Laguna Beach, California which is also home to Ritz-Carlton and Montage luxury resorts. Occupancy
Mono’s 365 DJ Pack
Where all tha dj's @
On the road, DJs shouldn’t be bothered to tote their computer and mixing gear in separate bags, nor should they be throwing their equipment into some ill-fitting duffel. Mono rolls everything into one with the 365 DJ Pack, designed for soundmakers who are always bouncing between gigs, often by plane. Inside, a divider separates computer from mixer, and there are side pockets for all your wires and adapters. Military-grade construction protects gear from the elements, and a solid rubber sole at the bottom is made of the same material used in Navy rafts. And with a stealthy design, no one will ever know there’s a DJ in their midst. The 365 DJ Pack is selling for a reduced price of $190. [via Mono]
On the road, DJs shouldn’t be bothered to tote their computer and mixing gear in separate bags, nor should they be throwing their equipment into some ill-fitting duffel. Mono rolls everything into one with the 365 DJ Pack, designed for soundmakers who are always bouncing between gigs, often by plane. Inside, a divider separates computer from mixer, and there are side pockets for all your wires and adapters. Military-grade construction protects gear from the elements, and a solid rubber sole at the bottom is made of the same material used in Navy rafts. And with a stealthy design, no one will ever know there’s a DJ in their midst. The 365 DJ Pack is selling for a reduced price of $190. [via Mono]
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