Tom Alperin, National Development
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Tami Luhby, CNN MoneyTami Luhby, CNN Money
out there. All my family is out and Antarctica there in -- hockey players all these Bruins players that you love -- -- where you think they're from either from you figure from Massachusetts. What -- -- the American players on the crossed amber is here now so why. Why did you leave. My dad a transfer okay Kampman you'd still be their -- guys that are not facts you'd go back tomorrow -- if you. The problem is I'm not a good enough occupier he it to be. Saskatchewan. Produces more hockey players per capita than any other place in the world to -- a -- paid attention the past couple weeks. But supposedly the number one hockey player in the world it turns out. He's not that Iraqi player you know he is that it is just that the other Canadian playing against -- is a better player. -- birdie is a better player than Sidney Crosby . When he doing and you look at the game of hockey -- get ready looks at the offensive side of hockey chemicals that yet now it's a two -- game you gotta be of the play defense Sidney Crosby can't play defense he sucks and the defense he's he's he's a wimp. And he doesn't play. That's an uncle Chris Chelios . Give me a belt made him but he running each. Is. Like rich rich this is embarrassing to to stop that knowing that Jack and Roenick now. Wage on the island -- got your -- -- these. Players I sound yet I've actually her -- The hall of famers I mean it the best like Bobby or he's from Canada and -- now he's from Saskatchewan. Wayne Gretzky he's from -- In isolating it like that's your national sport that you didn't see any baseball players made it in the -
Casey Ross, Boston Globe, on PriceWaterHouseCooper's
Casey Ross, Boston Globe, on PriceWaterHouseCooper's
right now are taking a look at the waterfront -- the new real estate option. Then moving to a different officers bank put you know they want to establish -- -- exciting new abandoned building and so. The seaports and interest and opportunity that drawing a lot of companies trying to. Why I think I like the financial district to that what's the big attraction of the seaport area you name it may be a mess it's. Poll. It's cheap and it's that's the main thing is that you know right up there looking around at look at okay -- and I moved to and another office building downtown and I stay put. You know that the currently rate or should I mean he moved to the seaport there's a -
Shawn Kravetz, Esplanade Capital
Shawn Kravetz, Esplanade Capital
been and then. We'd like to buy the whole company and then negotiated transaction . Do you own any shares in the company now. We do we heard the second largest outside shareholder. The family owns roughly 90%. Of this company. DE Shaw. Very very large hedge fund in New York City is the largest outside shareholder and we are number two. Why panel why they're why they hesitating to solitude they must feel that the shares are worth Maurizio I think I can conclude. Well. I don't wanna speak for them but I suspect you're right on the money. They had no idea that and they know there's a lot of value there. And I guess they're confident that someday they will get that we would like to help shareholders get that values sooner rather than later. Because. We thought the assets -- well. You made the statement that you feel the -
What's Up On Wall Street - Andy Cinko, Bloomberg News
What's Up On Wall Street - Andy Cinko, Bloomberg News
we asked a question of the day which had to do with Social Security And collect your Social Security for retirement age or are you going to collect literally. 73%. Of Americans collect their Social Security early in the vast majority of cases I think that's a mistake but people do it for any reasons. When I came up with June and I think is a good idea for us to talk about is you know we're sitting here and and and acting all high and mighty. As it relates to this discussion about Social Security in the back the matter is we have access to tremendous resources on this topic whether the courts are now ski. Who worked for the departments of security for 37 years or whether it's Chris Farrell was a reporter for Bloomberg we have access to a lot of data. What I would like to do is make this information on Social Security Tips to maximizing -- worst Social Security benefits I'd like to make it available to our listening. I think it's they I think it's important. You know people refer to it I think some 97 -- as areas of securities of Ponzi scheme this. I disagree with you respectfully -- disagree with you but you know -- more importantly. Please educate yourself on Social Security Call this phone number it's 508591. 5444. Asked for the guide about Social Security tell the I would pay -- wanna learn more about Social Security Barry seems to know a lot you know why I read a -- I studied this stuff every day it's what I do for a living. 5085915444. Is the number you should call. Call them. Tell -- you're listening to the financial exchange and you want to learn more about how he can maximize your benefits. Out of Social Security I think you'll be glad you made the call I know I was glad when I read the report on Social Security Maybe a more informed consumer. 5085915444. Up next Sean Kravitz he's the president of a hedge fund. That has been trying for
Automatically Generated Transcript (may not be 100% accurate)
All right it was a gas card in the first hour it's a coffee card in the second are you want to win the coffee cart when you hear Meg Ryan. May they get sound at some point make Ryan will drop by the studio. When you hear that sound you call 8882052263. And right now June we got against. We do. Actually talk now on the Al Harrington -- and he is. It says national development the on ice sheets up and it's a big project working on down along with. Tom welcome to show are you -- more. So what national development what are you guys doing down -- -- -- that's over near a Fenwick park. Well we're we did yesterday we had a torture groundbreaking were planning. Are under construction with a reporter 141000. Square foot like sciences project. Right across from. Where Dana Farber is located long -- -- intersection along with in Brooklyn avenues. And. I want to project and take -- Well we expect to complete and all 2014. Were it's a pretty large -- eleven stories with. -- levels parking underneath so it takes awhile to come on the ground and from construction standpoint. Am. Were targeting. That the product is -- a pre -- -- like sciences building to. Serve the research community in the long -- medical area which we -- for for markets. How many jobs -- are going to be on the construction side. Well today and I'm not. Sure proper construction decided he could be at times. 6700. People working on the site -- word in the finishes so it's. Pretty significant side construction job. In the and we hope upon permanent appointment of with the standard racial -- office space. That -- for 600. Employees are housed at the building. We've accomplished a permanent and part time jobs in the research field sort of it's agreed job generator as well is. Has been privately developed with with -- art group in hopefully he'll get to the text -- city of Boston. I do get the money -- you weren't for the bank records coupon offer well we rob a bank. I'd probably didn't have gotten although it -- -- it down -- night comic opera did not rob a bank okay well gotten weaker. Probably 8 AM. We actually have -- could cripple partners on this project our venture partner. Is doubts -- real estate equities which is what the largest life sciences -- In the country and then another firm Nazis. Attention to -- certain area and advisors. Came innocent investors are between art group. -- our Charles River -- -- did I was injured real estate and Cleary on. That provided the the equity financing for what's what's flawed or some of 300 million dollar project. 300 million you guys have had a lot of false starts on this is that big problem is that -- it -- financing areas had been. The mayor been giving a hard time. -- actually this city has been fantastic. When we initially we brought the project. You -- to the city of Boston I am talking about the city Mayor Menino and Mayor Menino and in this is. This is really street here we've bought the project at the and 2007. And at the time the project previously didn't permit it with a 27 Storey residential tower on top of these. This research complex and very complicated frankly didn't make sense in view of the floor plates in the size and configuration possible we bought the project we actually bought it. But knowing that we have to read permit redesign project and what what are feeling what's the biggest risk was harmony in hand. Project's size and what we're capable and eccentric city of Boston was terrific about six Oscars have time. We work with the city there are institutional neighbors and we re permanent the -- -- -- A full life sciences project to eliminate a residential tower so on this case I would -- the public. Private partnership has been terrific. And we were playing the start the project. In 2008. We actually -- it was partly Tenet was Dana Farber Cancer Institute. Who is committed to a fifteen year long term lease for 154000. Square feet. We've been working with him back in 2008 they have the same researching he'd. Mission except -- I think we all know what happened in 20082009. So we we really we're dealing with a pretty recessionary. Environment. Pretty difficult apartment and no financing and help me well it's not this relief and it's it was really eat it in you know you can build a spectrum of project but Iraq and get -- -- It was more you need to lead tenant and Dana Farber. Stepped up to the plate we -- -- excuse police -- this past year and then we are putting in the financing to proceed with approach. Well good luck I'm glad to see it going on because we need to jobs in the you know these are. Not only construction that Tom -- -- talk they -- not only construction jobs June that then you're gonna have. You know six or 700 jobs that are their permanently in something to consider and -- -- you guys understand this is that. When you create construction jobs eating -- for other jobs and when you eliminate a construction job it illuminates for the job so it the need it to this. Domino effect so when you have job creation like that we get 600 jobs here thousand jobs over at the airport. Another thousand jobs and the south Boston's it has a dramatic effect on the Massachusetts in New England economy to sunny skies are -- trades you were driving down from New Hampshire.
