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Business Briefs: N.Y. and Irish firms link in property deal

February 16, 2011

By Staff Reporter

By Harry Keaney

Cushman & Wakefield, the New York-based international real estate services firm, has joined forces with the Lisney Group, the Irish real estate firm, to provide worldwide property agency and advisory services.

The new association between the firms is "due to the burgeoning real estate and economic climate in Ireland," according to Cushman & Wakefield.

The firm added that low interest rates, certainty over Ireland’s part in European monetary union, high business confidence, increasing levels of jobs being created and inward investment have all made Irish commercial property an attractive investment option as well as an appealing business location.

However, Cushman & Wakefield pointed out that investors’ main concern seems to be lack of product, and that developers were unwilling to sell even with a cut in capital-gains tax.

"Despite this, there are still opportunities for investors who are prepared to take risks on speculative development," C&W added.

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Cushman & Wakefield and Lisney announced their association at a reception on Wednesday evening last in Cushman & Wakefield’s world headquarters in the Black Rock Building on West 52nd Street, in Manhattan.

IBO meeting

The Irish Business Organization monthly meeting in the Grasshopper Restaurant in Carlstadt, located at 646 Washington Avenue, Rt. 20 North, will take place Nov. 2 at 8 a.m. The speaker will be Anne Tarrant of Anne Tarrant Associates. Details, call Bill Buckley at (212) 627-2111 or John Corkery at (201) 796-2571.

Angry workers

Such is the level of corruption and fraud in Ireland, much of which is only now being uncovered, that ordinary workers are becoming fed up with it all. While some of the wealthy and well-connected salted away millions from the tax man, these workers usually had no option but to pay top levels of tax. For PAYE workers, so-called because they pay their taxes under the pay-as-you-earn system, where tax is deducted directly from wages, the ongoing revelations have been particularly galling. Now, tens of thousands of PAYE workers are to soon stage a major national protest to demonstrate their anger.

One Irish union president, Jimmy Somers, said that he had not experienced such public outrage since the tax marches of the 1970’s and ’80s.

Gift to Villanova U.

Charles Heimbold, Jr., 54, chairman of the board and chief executive officer of Bristol-Myers Squibb, has endowed a chair in Irish studies at Villanova University, near Philadelphia.

Peter Fallon, Irish poet and editor of The Gallery Press in Dublin for the past 25 years, will be the inaugural Heimbold professor for the spring 2000 semester. Poet Nuala Ní Dhomhnaill will hold the chair the following spring.

Villanova was founded by Irish Augustinians in 1842. According to Dr. James Murphy, director of Villanova’s Irish studies program since its inception in 1981, it is "difficult to imagine a greater gift" than Heimbold’s.

Heimbold, and his wife, Monika, live in Riverside, Conn.

Belleek in Arizona

Belleek Parian China, a 140-year tradition of handcrafting, will be brought to life on Oct. 28 from 3- 7 p.m. in The Irish Gift House, in 1335 W. University Dr., Suite 7, in Tempe, Ariz. Anne Louise Carney, Belleek artist and promotions executive, will demonstrate how Belleek giftware is handcrafted and painted. She will also identify and date antique Belleek pieces. Details, (480) 731-9755.

Seeking good women

The Brigid Award Committee is seeking nominations for its annual award.

The Brigid Award honors women whose lives embody the qualities of justice, generosity and compassion. The award is named after the 5th Century Irish woman who dedicated her life to helping the poor and the sick and who was a promoter of peace and reconciliation.

The award, established by a group of Chicago women of Irish heritage, is open to women of all backgrounds.

To nominate a woman, send a one-page letter of nomination to Rosemary Milew, 440 N. McClurg Court, #1104, Chicago, IL 60611.

The deadline for nominations is Nov. 1.

The award will be presented on St. Brigid’s Day, Feb. 1, in the Drake Hotel, in Chicago.

Clare honors Moloney

The County Clare Association of New York will honor Danny Moloney at its 111th annual dinner dance on Nov. 5 at Terrace on the Park, in Flushing, Queens.

Moloney came to the U.S. in 1969, and built Liffey Van Lines from a one-man one-truck operation to its current position as the leading Allied Van Lines agent in New York City, with more than 100 trucks.

Moloney is married to Rose Healy, from Glenamoy, Co. Mayo. They live with their son, Danny, Jr., in Mahopac.

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