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Saturday, August 22, 2009

08/22/09 Neil Vigdor Finally Gets That Antares Story In The Local Hearst Newspaper

Here Is The News Story That Took Niel Vidgor A Month To Write.....

Antares downfall: how a real estate empire crashed and burned - Connecticut POST

They bought up real estate in Greenwich and Stamford like they were playing Monopoly.

They built backcountry spec houses the size of big-box stores, sat behind home plate at Yankee Stadium, and partied like rock stars with black metal American Express cards.

But Antares Investment Partners had a darker side. The same alpha male executives who loved the trappings of superwealth also risked hundreds of millions in investors' money on overleveraged, underperforming deals and tapped financiers who lined up to provide cash, never looking closely enough to see the cracks in the high-flying company's facade.

"I said to myself, 'This is going to end badly,'" said Matthew Allen, 37, an asset manager who worked for Antares from September 2006 until he was laid off in October 2007.....

.....Said Frank Farricker, a Greenwich real estate broker and member of the Planning and Zoning Commission, "It's a freakin' disaster."

In the eye of the storm were James Cabrera and Joseph Beninati, the firm's founding partners, whose mercurial rise to success, insatiable appetite for real estate, oft-described "cowboy" attitude and penchant for the good life rubbed many they encountered the wrong way......

...."The money was just too easy," said Charles Mallory, managing general partner of Stamford-based Clearview Investment Management and majority owner of the Delamar Greenwich Harbor hotel...


Please See:

08/01/09 - 08/11/09 Blogger Chris Fountain discovers that Greenwich Time Reporter Niel Vidgor lacks the journalistic balls to report the truth

More News From Hearst Newspaper's Greenwich Time



Greenwich Point and Byram Beach were closed for swimming Saturday by the town's Health Department after more than an inch of rain fell Friday. If there is a minimum of a half-inch of rain in a Read More »
Central Middle School changes principals less than two weeks before start of classes
Central Middle School students who get sent to the principal's office when classes resume on Sept. 2 will encounter a different face. Carol Walsh, who recently gave school officials notice that she Read More »

Black iron gates and private driveways are commonplace in Greenwich, a town that values privacy and can afford to keep outsiders at a distance. But with hedge fund chief executives worth billions Read More »
In town
Orchestra to play at Wednesday concert The Wednesday Night Concert Series concludes with the Bob Button Orchestra performing from 7 to 8:30 p.m. Wednesday at Roger Sherman Baldwin Park. Read More »

HARTFORD -- Gov. M. Jodi Rell's authority to issue executive orders to keep the state running hinges on a 19th-century state Supreme Court case that's never been tested in a modern court. Read More »
Housing market smaller, but steady in first half of 2009
Through the first six months of this year, the state's housing market was about 20 percent smaller than last year's, as sales and prices continued to lag 2008. Read More »

A 20-year-old Greenwich man was reported missing by his parents to police on Saturday, three days after he was last seen leaving his home in his car, Sgt. Read More »
Madonna, 'Diddy' house-hunt
Scene "¦ Greenwich resident and renowned musician/composer Rob Mathes made a surprise appearance on NBC's "Today Show" with Kathie Lee and Hoda Kotb in honor of Kathie Lee Gifford's 56th Read More »

MONDAY, AUG. 24 Inland Wetlands and Watercourses Agency: 7 p.m., Town Hall, Meeting Room. TUESDAY, AUG. 25 RTM Appointments Committee: 8 p.m., Town Hall, Cone Room. Read More »
Retroweek
Quote Of The Week "At 6:45 a.m., I don't see how it's 'pedestrian friendly' to walk in the dark across the Post Road." Gina Marino, an Eastern Middle School parent, expressing her safety concerns Read More »

Greenwich health officials say their plans for distributing swine flu vaccines to residents remain in limbo as they await word from the state on how many doses the town can expect to receive and Read More »
Town health department struggles to pick up responsibilities from shuttered planning office
The town health department is facing challenges in sharing information with the community and recruiting volunteers for vaccination clinics after last month's closure of the Community Health Read More »


08/22/09 The Greenwich Briefing (Updated)

Comprehensive News Feed for Greenwich, CT.
  • Boscawen
    posted on August 23, 2009 07:22:43 am
    ... in the crash. The driver is Estelle Anne Dursin, 56, of Hopkinton. The motorcyclist is Paul D'avanzo, 62, of Greenwich, Conn. Both of the survivors were treated at Concord Hospital and released. According to Boscawen Police Chief Sean Sweeney, the ...
  • Antares downfall: how a real estate empire crashed and burned
    posted on August 23, 2009 06:16:54 am
    They bought up real estate in Greenwich and Stamford like they were playing Monopoly.
  • Greektown creditors to vote on reorganization plans
    posted on August 22, 2009 03:00:00 pm
    ... a Novi businessman and former shareholder in MotorCity Casino, and hedge fund Plainfield Asset Management LLC of Greenwich, Conn., would preserve some local control. Either plan would put the current owner, the Sault Ste. Marie Tribe of Chippewa ...
  • Dollar slips on manufacturing, stocks
    posted on August 21, 2009 04:37:15 am
    ... and partly related to a summer lull," said Alan Ruskin, chief international strategist at RBS Securities in Greenwich, Conn. "Either way it tells a tale of dollar shorts and risk positive trades that look tired." A short position is a bet that ...
  • No. 12/6 Women's Soccer Downs No. 9/11 Virginia, 1-0
    posted on August 22, 2009 01:31:20 pm
    ... edge and finding open spaces in the Virginia defense. Open shots by Toney and a missed shot by Alli Rago (Greenwich, Conn.) nearly doubled the lead late in the game, but the offensive pressure kept the Cavaliers away from Penn State's net, providing ...
  • Elk River chooses new fire chief
    posted on August 22, 2009 10:05:42 am
    The Elk River City Council voted 5-0 Monday, Aug. 17 to hire Cunningham, who currently is fire chief of the Sound Beach Fire Rescue Department in Old Greenwich, Conn.
  • Initial public offerings scheduled to debut next week
    posted on August 22, 2009 04:37:16 am
    The following is a list of initial public offerings planned for the coming week. Sources include Renaissance Capital, Greenwich, CT (www.renaissancecapital.com) and SEC filings. No IPOs scheduled this week.
  • Cash for Clunkers hits speed bump
    posted on August 22, 2009 02:32:21 am
    ... tax revenue comes from new car sales. Fleming on Thursday joined state Attorney General Richard Blumenthal of Greenwich in urging the U.S. Department of Transportation to reform the program to expedite the processing of dealer applications for ...
  • Cashmere store knits up Madison Ave. shop
    posted on August 11, 2009 03:00:00 pm
    ... he already boasts a seven-year-old SoHo store on Wooster Street, along with two stores in the Hamptons and a Greenwich, Conn., location. However, the Madison Avenue spot, set to open shortly after Labor Day, will be smaller than the typical ...
  • close
    posted on July 06, 2009 03:00:00 pm
    ... Street in the Bronx will close in October, the baked goods company's owners announced today. Brynwood Partners, a Greenwich, Conn.-based private equity company that purchased Stella D'oro in 2006, made the decision to close the factory. A federal ...
  • Area stocks
    posted on August 21, 2009 06:11:38 pm
    Area stocks rose Thursday, led by a group that included Norwalk-based Priceline.com Inc. and Greenwich-based Blyth Inc. The Hearst/Bloomberg Southwest Connecticut Index climbed 1.23, to 91.98, as 52 stocks gained, 18 fell and 12 were unchanged. ...
  • Squash Tourney Brings Out Top Players at SYS
    posted on August 21, 2009 04:35:31 pm
    ... (Penn) and Todd Ruth (Yale) matched up against two young pros, Greg McArthur and Graham Bassett, who teach in Greenwich (CT). The Bassett/McArthur pairing had prevailed over Ruth and another partner in a tournament at the Field Club in Greenwich in ...
  • 4,600 school jobs lost in July
    posted on August 21, 2009 03:19:37 pm
    ... interview techniques. Liggio lost her position of 20 years as an executive assistant at an insurance business in Greenwich, Conn., in early June. The office was closed and moved to Chicago after the company was bought out, she said. She's had about ...
  • Las Vegas Sands files for Hong Kong listing
    posted on August 21, 2009 01:54:08 pm
    ... alleviates liquidity concerns,a said Andrew Wilkinson, senior market analyst at Interactive Brokers Group in Greenwich, Connecticut. He said options activity in the September and December call options pinpoint further gains in the stock over coming ...
  • AIG Options Jump as Stock Soars on Benmosche's Plan to Repay U.S. Bailout
    posted on August 21, 2009 08:40:15 am
    ... Sosnick , equity risk manager at Timber Hill LLC, the market-making unit of Interactive Brokers Group Inc. in Greenwich, Connecticut. a oeWith the stock up so much, whata s to say it cana t have another big move between now and tomorrow afternoon?a ...
  • MSI's Statement Solutions Suite Meets Under-Served Needs of Private Banking Institutions
    posted on August 20, 2009 03:00:00 pm
    ... Customers get a consistent, responsive, easy to digest and drill-down snapshot of their finances. Greenwich, CT-based Fieldpoint Private Bank & Trust also recently partnered with MSI after learning of the advanced system's capabilities. ...
  • Agents and agencies
    posted on August 21, 2009 06:10:08 am
    Maxwell Wiesen at Coldwell Banker Residential Brokerage in Greenwich was Associate of the Month for May.
  • A bit of Palmer family's long history for sale
    posted on August 21, 2009 06:09:30 am
    Palmer Island, off Old Greenwich's coastline, was first recorded in a deed dated 1684.
  • High-tech suits banned for high school swimmers
    posted on August 21, 2009 06:00:30 am
    ... "I think one of our kids wore the suit at Opens last year, but the whole team would have had them this year," Greenwich girls swimming coach Dick Hawks said. "It was new technology last year. Not everyone was wearing them. But by the time spring ...

08/22/09 The Raw Greenwich News Feed

Another Website Reports On The Mysteriuos Damaris Rau's Undisclosed position at an undisclosed Connecticut School

Latest High School Sports News for Bridgeport Central High School ...
Damaris Rau, principal of Hamilton Avenue School, has announced that she has accepted a central office position in another Connecticut school district, ...

08/22/09 The Raw Greenwich News Feed: This Just In....

Chris & Nancy: Senate Candidate Linda McMahon's (CEO of WWE ...
By Irv Muchnick
GREENWICH,CT 06831, 10/28/92, $5000, Connecticut Republican Campaign Cmte. MCMAHON, LINDA GREENWICH,CT 06831, WWE INC/CEO, 4/17/08, $2500, Republican Leadership Council. MCMAHON, LINDA GREENWICH,CT 06831, WWE INC./CEO, 6/15/07, $2500 ...
Chris & Nancy - http://benoitbook.blogspot.com/

08/22/09 Thr Raw Greenwich News Feed

Greenwich Family YMCA hires former Olympic coach Baker
Greenwich Time
By David Fierro Former Canadian Olympic Head coach Nick Baker at The Greenwich Family YMCA Friday afternoon, Aug. 21, 2009. Baker has designed a new program ...
Oct. 1: Lane, Greenwich girls win
Glens Falls Post-Star
GREENWICH -- Greenwich's Austin Lane won the boys' race by 45 seconds, with Tamarac taking the team victory in a Wasaren League meet on Tuesday. ...
Disabled activist said parking has to be improved on Greenwich ...
Greenwich Time
"Look here," Carol Kana, 56, said as she drives along Greenwich Avenue in her van and points to a handicapped spot in front of St. Mary's Roman Catholic ...

LOVELY COLONIAL PRIME OLD GREENWICH SOUTH OF VILLAGE PRIME (OLD ...
By admin
BEAUTIFUL COLONIAL HOME ON DEAD END STREET IN OLD GREENWICH, PRIME SOUTH OF THE VILLAGE IN PRIME GREENWICH, 5 BEDROOMS, 2 1/2 BATHS, LIVING ROOM, FAMILY ROOM, DINING ROOM, LOVELY EAT-IN KITCHEN, VERY LARGE MASTER SUITE WITH MASTER BATH, ...
New York Housing Opportunities - http://housing.nygaypride.com/

Town's swine flu vaccine planup in the air Greenwich Time
Greenwich health officials say their plans for distributing swine flu vaccines to residents remain in limbo as they await word from the state on how many ...

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