The gift is the latest in a long line Mr. Bloomberg has made to universities over many years and comes as cities are stressed by the coronavirus pandemic and related revenue shortfalls.
The gift is an extension of the Bloomberg Harvard City Leadership Initiative, which Mr. Bloomberg launched in 2017 with a $32 million gift. The additional money will go toward hiring 10 professors, building out programs to train mayor at Harvard and facilitating two year fellowships for Harvard graduate students in mayoral offices around the world.
Read the full story on The Wall Street Journal here.
Eric Yuan, who owns almost one-fifth of the video-conferencing company, is now worth about $22 billion, according to the Bloomberg Billionaires Index.
The stock jumped as much as 12 per cent in post-market U.S. trading, as Zoom said revenue could climb 43 per cent in fiscal 2022, more than the 37 per cent analysts tracked by Bloomberg estimated on average.
Full of natural beauty and altered little over time, Kiawah Island is a treasure of the South Carolina Lowcountry. Situated about 25 miles from Charleston, the barrier island has changed hands frequently over the centuries—from a reputed pirate and English colonists to a conservation-minded development company. What persists is an astounding natural habitat for white-tailed deer, bobcats, great blue herons and, yes, beachgoers and golfers.
Kiawah Island’s sense of community and evident natural wonders proved appealing to Atlantans Carey and Doug Benham, who credit the idyllic setting with their decision to build a vacation home there. “We thought the location was just beautiful, among the ocean and the marsh,” explains Carey. “It was such a gorgeous blend of everything.”
Envisioning a modernist, multilevel house that would respect Kiawah Island’s landscape, the Benhams engaged Atlanta-based architect Keith Summerour, with whom they’d worked in the past, to design it. Having established his reputation as a classicist, Summerour has in recent years expanded into contemporary design; what has not changed is his conviction that architecture must be rooted in the land. “Contemporary architecture is the expression of a strong idea, but I do feel strongly that it needs to be of the locale,” says Summerour, whose starting point for the Benhams’ home was a hallmark of the coastal South: the live oak tree.
For the uninitiated, live oaks have undisciplined limb structures, their Spanish moss-draped appendages hovering close to the ground and reaching upward toward the sky. To accommodate the live oaks on the Benhams’ property, Summerour configured the residence as three connecting pods nestled among the trees, laid out to surround one particularly majestic specimen. He managed to negotiate branches by crowning the house with an undulating roofline. The effect is, as Summerour sums up, “as if you took the Swiss Family Robinson tree house and moved it to the ground.”
The neighboring marsh inspired the home’s exterior finishes, as well. “When you look at the marsh, it appears as hundreds of horizontal lines—because of the grass and small tributaries that run throughout it,” notes Summerour, who mimicked this effect with board-formed concrete for the first floor, creating the impression of weathered wooden planks. Mixed with local sand and seashells, the material has the benefit of capturing “the general feel and coloring of the marsh.”
To the second story, Summerour applied two layers of wooden shingles to amplify their shadow lines, once again echoing the marsh’s striated appearance. Instrumental in the process was general contractor Mike Leonard, whose attention to detail ensured the home’s finishes would blend seamlessly with its environment. To contrast the wealth of organic surfaces, Summerour placed massive panes of glass that soar up the façade, wrapping corners and running across walls, affording panoramic views of the landscape.
The grounds surrounding the house reflect the combined efforts of landscape architect John Tarkany and landscape designer Kelly Megeath of Garden Elegance, who likewise took their cues from the marsh, incorporating indigenous grasses and native plants like dwarf palmetto and yaupon holly, along with a few non-native species; Japanese plum yew, for example, was trimmed into neat hedges to complement the home’s clean-lined architecture.
The interiors were just as creatively conceived, but here, both nature and art drove many design decisions. As a visual artist and former board member of Atlanta’s High Museum of Art, Carey and her husband had spent years collecting works by important artists such as Sally Michel Avery, Stephen Pace and Ivon Hitchens, even earmarking specific paintings for each room of their Kiawah Island retreat. Recognizing the deftness required to design it, Carey was quick to call up a friend, Atlanta designer Beth Webb, to help realize her vision. “I knew Beth had the experience, style, taste and personality that would allow me to consult her expertise,” says Carey. “I had a lot of fun buying pieces on my own, but I always came back to Beth for her opinion.”
Webb’s background as an art dealer ensured she was up to the challenge of tailoring the Benhams’ furnishings to their artworks. “Creatively, I like to be stretched, so I love it when someone says, ‘Let’s do something different,’ ” she enthuses. Carey requested that the palette of each room stem from the art as well as the marsh landscape, so Webb pulled hues directly from paintings, sourcing textiles in corresponding shades. Plush selections of upholstery prove that the designer considered comfort just as much as color. “I think contemporary style is cool and chic,” she notes. “But you need to be able to live in it.” To that end, a curated a mix of custom-made and midcentury furnishings keep the effect dynamic.
Ever the editor, Webb shunned any decorative objects that did not hold meaning. “There is little here that does not tell a story,” the designer notes. Truth be told, it’s a statement that could be applied to every aspect of the house and the surrounding property. And as for the homeowners, their story also has a happy ending. “We wake up surrounded by glass walls, looking out onto this huge, incredible, ever-changing marsh,” Carey expresses. “Isn’t that wonderful?”
This December, L.A. welcomes The Britely, a new social club perched high atop the Pendry West Hollywood hotel on Sunset Boulevard. To engage a diverse clientele from different backgrounds and industries, Swedish designer Martin Brudnizki was tapped to come up with a vibrant design that is youthful yet rooted in old Hollywood style. “I hope it will offer members and their guests a feeling of escapism and fantasy,” says Brudnizki. “It’s fun to design a scheme that has surprises,” he adds, noting the gold ceiling and pink ostrich-feather lamps. “These lighthearted touches enhance the ambience, and the result is a place that feels sensual, tactile and seductive.” Club amenities include a music venue, screening room, bowling lanes, three private lounges, a gym and spa, a rooftop pool and two members-only restaurant concepts by none other than iconic chef Wolfgang Puck. thebritely.com
As a professional couple with young kids were building their family home in the Wash Park, Colorado, neighborhood, they found themselves facing a dilemma: whether to go with sophisticated and polished interiors or keep practicality at the forefront of their plans, since the spaces would have to stand up to their active children. As it turned out, they didn’t have to choose between the two. Their design team promised that they could have both by meeting in the middle, and that’s exactly what they did. “They wanted the house to work for the whole family,” says designer Ashley Larson Eitemiller.
“The homeowners were looking for a large family room for entertaining and for the kids, and a large, wraparound bar that would be open to the kitchen, dining and great rooms,” says residential designer Jim Gunther. Adds Eitemiller, “A lot of activities can happen at once in that open, communal space.”
The home was designed specifically for how the family lives, with various “stowaway spots” they can use as they come and go. “They’re bringing in strollers and all of the attendant kid items,” Gunther says, “so there are multiple areas with organized storage in the home’s front, back and side so they don’t have to carry things all the way through the house, and the open space can stay neat and organized.”
Function meets style with wood elements like corbels, beams and rough-sawn cedar that brings in the casual, Colorado mountain vibe the family loves. “The darker wood beams contrast with the caramel floors, making all the wood really stand out,” Eitemiller says. The couple’s art collection, which includes lots of landscape imagery, also offers a nod to the home’s Colorado aesthetic.
While cool gray color palettes have been wildly popular recently, the homeowners desired more warmth in their home. “They wanted tones that would make the house feel very homey and comfortable, and they were open to jewel colors,” says Eitemiller. “Every space has some element of blue, whether it’s a deep navy, a brighter blue or a beautiful smoky gray-blue. We also brought in some neutral grays, a honey caramel and a nice plum color.”
Layers of texture give the spaces dimension and visual interest. “Throughout, there’s a mix of leather, natural linen and mohair. The carpets are wool, and there are sheers on the windows that allow light in while also offering privacy,” Eitemiller says. “Every room has details designed to visually pull you through the house, such as the wallpaper in the front entry and ceiling beams in the main living spaces.”
Furnishings are stylish yet tough enough for a young family. In the living room, a pair of sofas in camel-colored leather marry beauty and durability, as do refined fiberglass Stone Yard coffee tables. “It looks well put together, but you don’t have to be monitoring everything that’s going on in the house,” says Eitemiller. “We also used Sunbrella outdoor fabric inside, which adds durability.”
One of the primary requirements for this home was to have designated spaces where kids can just take over and play. “Right now, the sun room is used for the kiddos, and it’s a great space right off of the living room and kitchen area,” Eitemiller says. “The children can be playing in that room while their parents are cooking dinner.” There’s also a dedicated playroom upstairs near the bedrooms, and a spacious gymnastics area and playroom downstairs that is designed with no beams or poles to get in the way of the fun.
The family also has a large yard, with plenty of grass for the kids to run around on, as well as exterior entertaining spaces for adults. “The homeowners like to have friends and family over,” says general contractor Patrick Englund. “In the backyard, they have a trellis with heaters above and an exterior fireplace.”
Having come from a home that wasn’t functioning well for them, the family is now enjoying the perfect balance between adult style and kid-friendly design, with fluid spaces for family life and special spots just for playtime. Meanwhile, the home’s interior spaces honor Colorado’s rugged style while giving it modern sensibility.
“We wanted the family to feel comfortable, so they could really live in the house,” says Eitemiller. “They wanted a relaxed, well-designed home that could be used to its fullest without the fear of it being damaged easily. A mountain Colorado feel—but a little bit more refined.”
Through the initiative, announced Tuesday, nonprofits and some municipal projects around the country would receive funding through the American Family Insurance Dreams Foundation — a total of $53 million. The rest of the money would be used to invest in startups with focuses on positive social or environmental change through the American Family Insurance Institute for Corporate and Social Impact.
Read the full story on the Wisconsin State Journalhere.
The San Francisco-based company, founded by Chief Executive Officer Jesse Powell in 2011, is in discussions with firms including Fidelity, Tribe Capital and General Atlantic, said people familiar with the matter, who requested anonymity because the talks are private. Terms, including lead investors, aren’t final, but Kraken’s valuation could surpass $20 billion depending on demand, one of the people said.
The biggest U.S. bank signed an agreement to refer local business to BBVA Mexico, the local unit of Banco Bilbao Vizcaya Argentaria SA, said one of the people. Still, the New York-based firm will continue to serve clients from Mexico through its platform outside of the country, one of the people said.