Real estate crowdfunding pioneer Rodrigo Niño dies

first_imgKnown for his energetic personality and interest in spirituality, Niño founded Prodigy as a brokerage in Miami in 2003, specializing in selling real estate to Latin American clients. In 2007 he moved to New York after the Sapir Organization asked him to market Trump Soho, a 391-unit hotel-condominium developed in partnership with Bayrock Group and the Trump Organization. (“The timing couldn’t have been worse,” he later recalled, referring to the housing crash and recession that was about to hit.)In 2011, Niño was diagnosed with stage three melanoma and had two rounds of surgery. His faith in traditional medicine waned, so he decided to travel to the Peruvian jungle to take ayahuasca, an ancient Amazonian brew known to induce hallucinations.In a 2018 interview, he recounted that over the course of two weeks in the jungle, he felt his fear disappear and experienced a “field of invisible energy that binds all living things together.”The experience proved transformative, and after returning to New York he pivoted his business to crowdfunding, hoping to democratize real estate by making it accessible to ordinary people.The idea was novel at the time: Niño was one of the earliest adopters of crowdfunding, which took off in the US around 2013 after a federal regulatory change, and he soon earned a reputation as a pioneer in the space.In addition to Prodigy’s U.S. projects, Niño worked on a major crowdfunding development in Colombia, dubbed BD Bacatá, which was billed as the tallest tower in the country but later ran into problems.Niño appeared to relish in his role as an outsider shaking things up.“Commercial real estate is a very boring asset class and I am very happy disrupting it,” he told TRD in a 2015 profile.The company later claimed to have raised nearly $650 million from 6,500 retail investors for a collection of projects in New York and Chicago, which included an extended-stay property in the Financial District, known as AKA Wall Street, and a high-end co-working space named The Assemblage.But many of the projects failed to meet expectations.Returns that had been forecast could not be met, and the company halted payments to investors in several buildings last June — asking for more time. Earlier this year, as investors grew restless, the firm asked those involved in two New York projects for money to keep the projects afloat. If the money couldn’t be secured, the letters warned, the investors would likely lose their payments in full.In a video posted online last month, Niño thanked investors for their patience and acknowledged the difficulties. “I know you have gone through a lot,” he said. It is unclear what Niño’s death means for Prodigy and its investors, many of whom are concerned about the health of the company and the status of their money.Throughout his troubles, Niño was committed to ideas about consciousness and community, hoping that his business — in particular The Assemblage, a co-working space that features meditation rooms and hosts social events focused on wellness — would help to foster a “collective consciousness evolution,” moving society away from individual interests and toward an emphasis on collective good.His last post to Instagram, dated April 23, featured a series of white words etched onto a starry night’s sky. “The old cycle has ended, something new has just begun,” it opened.“Trust that whatever happens next will take you where you’re supposed to be.”Write to Sylvia Varnham O’Regan at [email protected] This content is for subscribers only.Subscribe Now Rodrigo Niño (Credit: Prodigy Network)Rodrigo Niño, who went from selling condos at Trump Soho to founding a high-profile New York crowdfunding platform, has died at 50.Niño had been receiving treatment for cancer for several months. His death was first reported by La Republica, a publication in his native Colombia.The year leading up to his death had been a rocky one: Niño and his firm, Prodigy Network, had been hit with a string of lawsuits from investors in several commercial properties in New York and Chicago. The investors claimed they had lost money because of poor returns on the buildings and unpaid distributions. Many accused Prodigy of poor communication.In interviews with The Real Deal last year, Niño appeared both candid and defiant in the face of the claims. He acknowledged returns on the company’s investment offerings were not what he had hoped. Still, he said he was convinced that the company could turn around.But Prodigy’s woes only grew. Last September, as disquiet from investors and legal troubles mounted, Niño announced he was stepping down as CEO. In a statement to TRD, he said he had signed a memorandum of understanding with a group of investors who would take over the company and “rebuild the trust of our investors.”Days later, he announced that his cancer had returned.Read moreRodrigo Niño: Above the crowdProdigy Network CEO Rodrigo Niño to step downCrowdfunding firm seeks $30M bailout for second commercial buildinglast_img read more

Fall Ladies Night

first_imgA Fall Ladies Night benefiting the Children’s Museum of the East End was held on Wednesday, November 14, at Nick & Toni’s in East Hampton, presented by The Shed. Guests enjoyed wines, hors d’oeuvres, prizes, and a silent auction. Sharelast_img

Coffee Production To Be Introduced In School Curriculum

first_img Share Sharing is caring! Share Tweet Sharecenter_img 54 Views   no discussions NewsRegional Coffee Production To Be Introduced In School Curriculum by: Jamaica Gleaner – July 20, 2017 Cabinet is looking into the possibility of setting up a coffee academy to commence production within schools in Jamaica.Addressing yesterday’s post-Cabinet media briefing at Jamaica House, Minister of Education Youth, and Information Ruel Reid said the recommendation that the production of coffee be incorporated in the curriculum of local schools came out of a visit he and a four-member delegation made to Japan last week.The recommendation was one of six highlighted for implementation after discussion on several areas of cooperation.“Coffee is a very big business in Japan, and the Blue Mountain Coffee is extremely international, and we as Jamaicans should appreciate the extent of Brand Jamaica internationally,” Reid said as he addressed journalists.He also noted that the existence of the coffee academy would showcase to students the importance of coffee within the local curriculum.“We should utilise what is Jamaican so persons can be aware of the ideal Jamaican brand, not only locally but within the study of subjects like social studies, economics and POB (principles of business), entrepreneurship, MOB (management of business), the same way we utilise sports and tourism,” said the minister.Reid also noted that cooperation on coffee production would allow for cross cultural exchanges and opportunities for Jamaicans to study in Japan.Last week’s visit to Japan was at the invitation of the Association for Promotion of International CooperationAmong the other members of the delegation were Dr Grace McLean, chief education officer; and Dr Fritz Pinnock, executive director of Caribbean Maritime Institute.last_img read more

UWF softball splits doubleheader with DSU; lose series 1-2

first_imgUWF softball splits doubleheader with DSU; lose series 1-2 Argos finish season at 27-21 and 16-13 in the GSC (Photo by Bill Stockland) Sharecenter_img CLEVELAND, Miss.  – The University of West Florida softball team wrapped up the last day of the regular season with a doubleheader split on the road against Delta State University. The Argonauts took game one 5-2 but fell short of a rally in game two and lost 4-5. West Florida finishes the season at 27-21 and 16-13 in the Gulf South Conference and have earned the fourth seed in the Bojangles Famous Chicken N’ Biscuits 2014 GSC Softball Tournament.In the first game the Argos opened the scoring in the third inning and never looked back from then on after they scored two runs to take the early lead. Delta State would pick up one run in the bottom of the inning, but UWF would pick up three runs in the next four innings and would eventually win 5-2 with DSU picking up a run in the sixth inning.UWF saw their five runs come off of nine hits including two solo home runs by senior Danielle Sanders (Leesburg, Fla.) and junior Jenna Belser (Chipley, Fla.). Hannah Dowling (Irvine, Calif.) and Lou Barnard (Apopka, Fla.) were the only Argos to pick up multiple hits in the contest when Dowling went 2-for-3 and Barnard was 2-for-4. Senior Taylor Bailey (Austin, Texas) picked up her 16th win of the season after she went all seven innings and allowed only one earned run off of six hits and struck out two batters in the outing.The second game was a different story for West Florida as it was the Lady Statesmen who opened up the scoring when they scored two runs in third inning. The Argos tied it in the fourth inning after Aubrey Sumlin (Gulf Shores, Ala.) doubled to left center and scored Alex Marionakis (Royal Palm Beach, Fla.) and Barnard.However, Delta State would break the tie in the fifth inning after scoring three runs off of five hits in the inning. The Argos would try and rally back in the seventh inning and scored two runs off of a Dowling base hit to make it 4-5. But Delta State would halt the Argos comeback and take the victory and the series at 1-2.West Florida saw a productive game from both Sumlin and Lauren Correia (Mary Esther, Fla.) who each went 3-for-3 in the game while Sumlin added two RBIs and a run scored.West Florida will travel to Cullman, Ala. next weekend to take part in the GSC Softball Tournament after the Argos earned the fourth seed with a 16-13 conference record. UWF will play on Thursday, May 1 at 11 a.m. with their opponent yet to be determined.For information on all UWF athletics, visit www.GoArgos.com.#ARGOS#West Florida 5, Delta State 2 (Apr 26, 2014 at Cleveland, Miss.) (Game 1)———————————————————————-West Florida…….. 002 020 1 –  5  9  2      (27-20, 16-12)Delta State……… 001 001 0 –  2  6  1      (26-27, 12-16)———————————————————————-Pitchers: West Florida – Taylor Bailey and . Delta State – M. Maddox; M. Wilde(5) and .Win-Taylor Bailey(16-8)  Loss-M. Maddox(6-8)  T-1:33  A-273HR UWF – Danielle Sanders; Jenna Belser.Game: DSUSB-53Delta State 5, West Florida 4 (Apr 26, 2014 at Cleveland, Miss.) (Game 2)———————————————————————-West Florida…….. 000 200 2 –  4  8  1      (27-21, 16-13)Delta State……… 002 030 X –  5 14  0      (27-27, 13-16)———————————————————————-Pitchers: West Florida – Rebecca Hein; Taylor Bailey(5) and . Delta State – T. Tucker;K. Moore(4) and .Win-T. Tucker(11-11)  Loss-Rebecca Hein(6-5)  T-1:50  A-217Game: DSUSB-54– www.GoArgos.com –Print Friendly Versionlast_img read more

QPR not planning to sign Best

first_imgSee also:QPR consider signing striker BestBest plays for QPR in Brentford Under-21 winQPR would be ‘silly’ not to look at Best, insists Ramsey Leon Best will continue to train with QPR for the time being but the club are not planning to sign the striker.Best, 28, is a free agent after his Blackburn contract was terminated by mutual consent this summer.Rangers agreed to a request for Best to train with them, with head coach Chris Ramsey subsequently insisting it would have been “silly” not to do so.AdChoices广告Best also spent a month on loan with the R’s during the 2004-05 season, making five appearances.He was then a Southampton player and went on to have spells at Coventry and Newcastle before joining Blackburn in 2012.After spending the first half of last season on loan at Derby, where he made 15 substitute appearances in the Championship without scoring, he spent the second half of the campaign on loan at Brighton.He made 13 appearances for the Seagulls, seven of them as a substitute – again without scoring. Follow West London Sport on Twitter Find us on Facebooklast_img read more

Auburn celebrates 35-31 win at Ole Miss

first_img Session ID: 2020-09-17:4529f1c3f3dafd63c3ad8db Player ID: videojs-brightcove-player-943443-3871132932001 OK Close Modal DialogCaption Settings DialogBeginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsDefaultsDoneClose Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Auburn celebrates with its fans after beating Ole Miss, 35-31, Satudray night at Vaught-Hemingway Stadium. Play VideoPlayMuteCurrent Time 0:00/Duration Time 0:00Loaded: 0%0:00Progress: 0%0:00 Progress: 0%Stream TypeLIVERemaining Time -0:00 Playback Rate1ChaptersChaptersdescriptions off, selectedDescriptionssubtitles off, selectedSubtitlescaptions settings, opens captions settings dialogcaptions off, selectedCaptionsAudio TrackFullscreenThis is a modal window. The Video Cloud video was not found. Error Code: VIDEO_CLOUD_ERR_VIDEO_NOT_FOUNDlast_img read more

Fake blood, Coffee Mate & paper snow: “Game of Thrones” by the numbers

first_imgHBO/Helen Sloan(LOS ANGELES) — While the numbers are still being tallied for the ratings for Sunday night’s eighth season premiere of Game of Thrones, here are some other interesting figures that HBO has already tallied about its Emmy winning juggernaut:1.4 million – Number of on-set shots taken by HBO photographer Helen Sloan68,143 – Hotel rooms booked; 19,722 travel documents have been issued for cast and crew4,000 – Gallons of fake blood used12,137 – Number of wigs and hairpieces made and worn on the show1.5 tons – How much metal has been used to make arms and armor  20,907 –  How many candles used 3,000 – The number of pyrotechnic effects over eight seasons1,102 pounds – how much Coffee Mate was used to bulk up on-set explosions52,000 – Number of bags of paper snow used to make Winter arrive132 – How many Emmy nominations the show received, with 47 winsCopyright © 2019, ABC Radio. All rights reserved.last_img read more

Guillermo Amor: We want to win it all this year

first_img16/03/2018 IN SPORT.ES CET Sport EN Facing Roma: It’s a good draw, although even if we’d have drawn one of the other sides it would have been a good draw. If you leave the draw feeling worried, then you can’t even imagine how you’ll be feeling on the day of the game. FC Barcelona’s director of institutional relations Guillermo Amor spoke after the Champions League quarter-final draw in Nyon, in which his side were picked to face Roma. Upd. at 13:53 center_img What is a failure for Barca? Failure is when you don’t do what you have to do. If you prepare well, compete well but then have bad luck and go out, it’s not a failure. What can be considered a fault is when you relax and don’t compete as you should, but that’s not going to happen.   Fixtures: We always say that it’s better to play the second leg at home. But we’re capable of scoring goals and playing well at home and away. It’s fine how it’s worked out. Guillermo Amor: “Hay ganas de ganarlo todo este año” Treble: We want to win everything. As Barcelona, out objective is to win all three competitions, Champions League included. We are doing well In La Liga, where we’re in a good position, we’re in the cup final on April 21. We will see what happens in Champions League. But you have to take things step by step. You can’t think about final when not you’re not there, you have to focus on the next challenge, which is the quarter final.   Not playing Real Madrid: You never know what’s best, whether it’s better to face a team now or in a semifinal. Everyone left is a difficult opponents. You have to respect everyone because anything can happen over two legs. The Italian sides are reliable, they compete well and as a team they can always beat you. last_img read more