Dubai PR Network, Online Press Release from Dubai and Middle East
 
Business, Banking and Investments(Banking & Investments)
Filter PR by
  
‘Pawn Shop to the Stars' is the First Office Condo Owner to Open for Business at Extell's Int'l Gem Tower in NY's Famed Diamond District
 

NEW YORK-June 26, 2013-(BUSINESS WIRE/ ME NewsWire)-- Extell Development Company announced today that New York Loan Company, one of the country's most exclusive collateral lenders specializing in confidential pawn loans against gold, jewelry, diamonds, watches, fine art and entertainment memorabilia, is the first office condominium owner to open for business at the company's International Gem Tower (IGT) on West 47th Street in Manhattan's famed diamond district.

This is the first East Coast location for the family-owned collateral lender, which has been in business as Beverly Loan Company in Beverly Hills, California since the 1930's and is often referred to as “the pawn shop to the stars.”

“The International Gem Tower is the first of its kind in the Western Hemisphere, offering a rare opportunity for jewelry-related companies to own and prosper in an ultramodern building with extraordinary technologies and amenities,” stated Raizy Haas, senior vice president of Extell Development Company. “Beverly Loan Company has a stellar reputation in the industry, and I know its East Coast counterpart, New York Loan Company, will serve as a valued resource to other building owners and the public at large.”

New York Loan Company's location comprises nearly 1,400 square feet of sought after corner space overlooking 47th Street on the building's third floor, part of its retail podium level. Advanced security features include biometric building access, high definition security cameras with data analytics, a controlled entry interlocking bulletproof door system, bulletproof glass, private offices with abundant natural light, and access to the building's state of the art vault, where all collateral will be stored.

“My family built an incredible business in Beverly Hills for the past 75 years, and we had no immediate plans to expand,” explained Jordan Tabach-Bank, CEO of Beverly Loan Company and its third generation owner. “The International Gem Tower offered a truly unique and compelling opportunity for us to consider a location in Manhattan where, until now, there was no resource for truly upscale confidential collateral lending. The building ensures a highly discreet and secure environment for our clientele, which is paramount, whether they are making a short-term loan, selling their goods outright or shopping for jewelry and watches at “dealer” prices.”

Designed by Skidmore, Owings and Merrill, the ultramodern tower was developed specifically for the global diamond, gem and jewelry industry. In addition to a cutting-edge security system, which includes iris recognition scanners at the lobby turnstiles, owners will also benefit from onsite underground parking and a private health and fitness center.

“The hallmarks of our success have been our tremendous respect for our clients and the safeguarding of their collateral, along with a unique ability to quickly make a loan of any amount,” Tabach-Bank noted. “We're extremely excited about New York Loan Company's opening and look forward to bringing our exclusive services to East Coast clients who previously had no such local resources at their disposal with the expertise to loan against everything from an original Warhol to a fancy colored diamond.”

Diamond and gem industry heavyweights including A.S. Diamonds, the Gemological Institute of America (GIA); Eurostar, Kuperman Bros. Diamonds USA, Leo Schachter& Company, Malca-Amit USA and Manfra, Tordella& Brookes are part of the impressive roster of buyers at IGT.

About IGT:Extell Development Company's International Gem Tower is a 34-story, state-of-the-art industry center designed specifically for the gem and jewelry trades. The tower, designed by Skidmore, Owings & Merrill, is located in the heart of New York City's Diamond District at 50 West 47th Street. Its signature, crystal lined curtain wall and façade of embedded diamond shaped medallions offers floor to ceiling windows and 360 degree views. The industry condominium portion of IGT is situated on the first 21 floors of the tower.

About New York Loan Company:New York Loan Company is the most upscale pawn shop in the United States, making confidential collateral loans against gold, jewelry, diamonds, watches, fine art and entertainment memorabilia. New York Loan Company is the sister operation of Beverly Loan Company, which has been coined the “Pawn Shop to the Stars” by the media. New York Loan Company's certified gemologists have the ability to make pawn loans of any amount.

*source: ME NewsWire

The release can be read online:http://me-newswire.net/news/7792/en


Posted by : Dubai PR Network Editorial Team
Viewed 19520 times
PR Category : Banking & Investments
Posted on : Thursday, June 27, 2013  6:19:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : iFOREX Launches New Affiliate Partnership Programs
Next Story : Sumitomo Selects QUAKE's Q4000 M2M Device for Its Next Gener...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Make Up for Ever Introduces for the First Time Its New Active Care-in-foundation to Revive... [5055-Views]
HONOR 2020 H1 Business Achievements in International Markets [3022-Views]
Save up to AED 25,000 on Pre-Owned Lexus Cars with Al-Futtaim Auto Fest [2825-Views]
Panasonic Jaguar Racing Head to Berlin for a Lockdown Showdown [2813-Views]
Safe Start-up of Unit 1 of Barakah Nuclear Energy Plant Successfully Achieved [2731-Views]
Here's Why A Silicone Cleansing Brush Champions Other Cleansing Tools and Techniques [2681-Views]
Samsung Launches Galaxy Watch3 and Galaxy Buds Live [2530-Views]
Schneider Electric Shows They Are Acting to Build a Green and Inclusive Future for All Thr... [2513-Views]
Sony Middle East & Africa Announces ‘Ready for PlayStation®5' for current BRAVIA™ TVs [2210-Views]
UAE Team Emirates Back to Winning Ways [2198-Views]
Jafza Sets a New Benchmark With ‘collaboration for Safe and Sustainable Growth' Webinar' [2046-Views]
Win Big at Dalma Mall with the ‘Eid Family Shopping Challenge' [2042-Views]
Lacoste Launches the Roland - Garros Eyewear Collection [2029-Views]
Introducing the New Omega Constellation Gents' Collection' [1878-Views]
Dubai Sports Council and Ski Dubai to Host One of the World's First Snow Sports Competitio... [1763-Views]
Pre-Orders for Samsung's Galaxy Note20 and Galaxy Note20 Ultra Now Open in the UAE [1706-Views]
Cebu Pacific Advisory: Suspension of Domestic Passenger Flights to/from Manila – Aug 4 to ... [1673-Views]
The Last Few Weeks of Dubai Shopping Mall Group's Summer Promotion [1652-Views]
No Premium Without Responsibility: BMW Group Makes Sustainability and Efficient Resource M... [1644-Views]
DREI Organises Virtual Real Estate Conference With Saudi Partners [1611-Views]
LG Announces Second-Q2020 Financial Results [1591-Views]
Post-COVID Travel is Set to Become Smarter. Here's How. [1574-Views]
Etihad Airways Introduces Microbebarrier™ Face Protection for Premium Passengers [1574-Views]
The Gold Price Rallies with Record ETF Inflows while COVID-19 Hits Consumer Demand in H1 [1570-Views]
RAKEZ Welcomes 100% Foreign Ownership in Mainland with FDI Company Set-Up [1562-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories