Archinect presents Next Up: Floating Worlds at the Neutra VDL on Saturday, March 4!
We don’t draft designs in a void and cities don’t spring straight from our imaginations. Architecture is itself a designed object, circumscribed and delimited by the social, political, and economic conditions of the era. But, likewise, these conditions aren’t exactly natural—they’re... View full entry
The hedge fundification of American universities
Have you heard the latest wisecrack about Harvard? People are calling it a hedge fund with a university attached [...]
Though the exact figure is hard to determine, experts I consulted estimate that over $100 billion of educational endowment money nationwide is invested in hedge funds, costing them approximately $2.5 billion in fees in 2015 alone. The problems with hedge funds managing college endowments are manifold, going well beyond the exorbitant...fees they charge for their services.
— the Nation
"The time has come for students to connect the dots between ballooning student debt, the poor treatment of campus workers, and the obscene wealth of hedge fund oligarchs."A rallying cry for a divestment movement to oppose hedge funds and their involvement with academia, the article discusses the... View full entry
Future Not Found: a "para-tour" of the Chicago Board of Trade led by GRNASFCK
The Chicago Biennial is set to launch this weekend with a flurry of events and exhibitions, including Archinect's live podcasting event Next Up. Alongside the Biennial’s programming are a slew of periphery events located around the city and spanning the spectrum of architectural topics. Near the... View full entry
L.A. County supervisors approve initial funding for new LACMA building
The Board of Supervisors has approved a road map for the Los Angeles County Museum of Art as it plans a $600-million makeover that would tear down and rebuild most of its Miracle Mile campus [...].
If there are no serious bumps in the road ahead, the plan would yield a streamlined, curving 410,000-square-foot new museum building designed by Swiss architect Peter Zumthor that would open in 2023, spanning Wilshire Boulevard with an enclosed bridge that doubles as gallery space.
International Elite Using New York Real Estate to Stash Money
According to data compiled by the firm PropertyShark, since 2008, roughly 30 percent of condo sales in large-scale Manhattan developments have been to purchasers who either listed an overseas address or bought through an entity like a limited-liability corporation, a tactic rarely employed by local homebuyers but favored by foreign investors [...] “The global elite,” says developer Michael Stern, “is basically looking for a safe-deposit box.”
— New York Magazine
Editor's Picks #342
The latest edition of Showcase; featured a complete redesign of the Law Faculties and Central Administration Buildings at the Vienna University of Economics and Business (WU), by CRAB Studio. NewsWith Architecture for Humanity's experience helping communities beyond the relief phase of disaster... View full entry