For the past six years, I have proudly sponsored the MBA Impact Investing Network & Training (MIINT) program at Wharton School of the University of Pennsylvania. MIINT attracts bright young minds from around the world to participate in a year-long program where they learn about social and environmental impact investing, an inspiring concept to me [...]
One of the things in this business that really inspires me is the entrepreneurial ideas that people develop to support their communities. Take Harlem Capital Partners for example - a young venture capital firm based out of Harlem. I met with them recently for VICE TV’s program Hustle, and they pitched me to come on [...]
Photo courtesy of the Washington University School of Medicine Image: Sandy Loewentheil (L), Ting Wang, PhD (C) and Karen Loewentheil (R) My L+M co-founder Sandy and I have always shared a commitment to investing in our communities, and I was excited to hear that he and his wife have recently endowed a new professorship at [...]
Via New York Magazine I found this article, "The Urban Housing Crisis Is a Test for Progressive Politics" by Jonathan Chait, to be well worth the read. It's an interesting piece about NIMBYism (not-in-my-backyard) and fears of gentrification. Living and working in New York City, we are witness to a lot of change and [...]
Earlier this year, I shared the news of the first building at Essex Crossing nearing completion. Now, residents have moved in. Read more about the new residents of Frances Goldin—A Homecoming 50 Years in the Making, New York Times The building, named for local activist Frances Goldin, is a 100% affordable [...]
We are so thrilled to welcome home our first Essex Crossing residents at Site 6, a 100% affordable senior building, and the first building to open at the Seward Park Urban Renewal Area (SPURA) on the Lower East Side of Manhattan. The first residents to have moved into the building at Site 6 (located at [...]
On Wednesday, May 31st, 35 employees of L+M joined me and 15,000 runners for this year’s JP Morgan Chase Corporate Challenge in New York City’s Central Park. The 5K race, open to companies of any size, brings colleagues together to run as a team. The event is billed as a “global celebration of corporate teamwork, [...]
On February 8th, I was really excited to be joined by my good friend and John Jay College President Jeremy Travis, as we announced the creation of the Ron Moelis Social Innovation Fellowship. The Fellowship, to begin Fall 2017, is part of a mission that’s important to me: helping students pursue socially responsible business opportunities. [...]
L+M Development is best known for its work building affordable housing in New York, but what some might not realize is that we are also active across Northern New Jersey, and recently completed a very exciting project to help revitalize downtown Newark. Last month, we officially reopened the Hahne’s building in Newark, the former home [...]
Nothing underscores the vulnerability and limited capacity of New York City's electric grid quite like extreme weather. In October 2012, as hurricane Sandy barreled down on the greater New York metro area, millions of homes lost power. In New York City, more than 700,000 residents had no electricity, while in New Jersey and Pennsylvania over three million people lost power. [...]