NYCWFF 2025 Attracts Over 35,000 Attendees to the Seaport for Five Days of Premier Food, Beverages, and Celebrity Appearances
Festival Overview: The 18th annual Food Network New York City Wine & Food Festival (NYCWFF) took place from October 15–19 at the Seaport, attracting over 35,000 attendees and featuring more than 300 chefs and culinary personalities, while raising funds for the Event Zero Foundation and the James Beard Foundation®.
Signature Events: Highlights included A Taste of the Tin Building, the Asian Night Market, and the Blue Moon Burger Bash, where awards were given for the best burgers, showcasing a vibrant culinary scene and community engagement.
Grand Tasting Experience: The Festival featured both daytime and nighttime Grand Tasting sessions, allowing fans to interact with culinary icons, enjoy cooking demos, and sample premium wines and spirits, culminating in a celebratory Sunday Supper.
Charitable Impact: NYCWFF has raised $15 million to date for its charitable partners, focusing on sustainability and equity in the culinary industry, with plans to return to the Seaport for its next edition from October 14-18, 2026.
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Seaport Entertainment Group Completes $143 Million Sale of 250 Water Street Project
- Successful Project Sale: Seaport Entertainment Group announced the successful sale of the mixed-use development project at 250 Water Street for $143 million to Tavros, marking a strategic advancement in the company's asset disposal efforts.
- Project Background: Originally acquired by Howard Hughes Holdings in June 2018, the site is entitled for the construction of a 26-story building with up to 399 market-rate and affordable residential units, along with approximately 200,000 square feet of commercial, retail, and community space.
- Transaction Representation: In this transaction, Seaport Entertainment Group was represented by a JLL team led by Andrew Scandalios, Ethan Stanton, and Nicco Lupo, showcasing the company's expertise and market influence in real estate transactions.
- Company Positioning: Seaport Entertainment Group focuses on developing unique assets at the intersection of entertainment and real estate, aiming to deliver unparalleled experiences through diverse offerings in dining, entertainment, sports, and retail, thereby solidifying its leadership position in the industry.
Seaport Entertainment Completes $143 Million Sale of 250 Water Street Project
- Successful Project Sale: Seaport Entertainment Group has successfully completed the sale of the mixed-use development project at 250 Water Street for $143 million to Tavros, marking a significant move in the company's real estate strategy.
- Project Background: Originally acquired by Howard Hughes Holdings in June 2018, the site is now entitled for a 26-story mixed-use building, expected to provide 399 market-rate and affordable residential units along with approximately 200,000 square feet of commercial, retail, and community space.
- Transaction Representation: The deal was represented by a JLL team led by Andrew Scandalios, Ethan Stanton, and Nicco Lupo, highlighting the importance of professional teams in navigating complex transactions.
- Strategic Company Positioning: Seaport Entertainment Group focuses on the intersection of entertainment and real estate, aiming to deliver unparalleled experiences through a unique asset portfolio, and this sale further solidifies its market position.
Institutional Investors Hold Notable 40% Stake in Seaport Entertainment Group Inc. (NYSE:SEG)
Institutional Influence: Institutions hold approximately 40% of Seaport Entertainment Group's shares, indicating significant influence over the company's share price and decision-making.
Shareholder Composition: The top four shareholders control 53% of the company, with hedge funds owning 39%, suggesting a concentrated power structure that could impact management and shareholder value.
Insider Ownership: Insiders own shares worth $3.1 million, reflecting alignment with shareholder interests, although excessive concentration of power among insiders can be a concern.
Public Ownership: The general public holds about 20% of the shares, which provides some influence but may not be sufficient to sway company policies against the interests of larger shareholders.
Seaport Entertainment Appoints Lenah Elaiwat as CFO to Drive Long-Term Success
- Executive Appointment: Seaport Entertainment Group has appointed Lenah Elaiwat as Chief Financial Officer, marking a significant step in the company's ongoing financial infrastructure development, which is expected to enhance financial management capabilities and strategic execution.
- Leadership Experience: With nearly 20 years of financial leadership experience, Lenah has held senior finance positions at several prominent companies, and her extensive background will provide strong support for Seaport's growth in real estate and entertainment platforms.
- Strategic Development: During her tenure as Chief Accounting Officer, Lenah was involved in the company's financial strategic planning, and her appointment is anticipated to further drive integration and innovation within the entertainment and hospitality sectors.
- Industry Impact: Seaport Entertainment Group focuses on integrating dining, entertainment, and hospitality services into unique real estate projects, and Lenah's appointment will help enhance the company's market competitiveness and customer experience.
Seaport Entertainment Group Names Lenah Elaiwat as New Chief Financial Officer
New Appointment: Seaport Entertainment Group has appointed Lenah Elaiwat as Executive Vice President, Chief Financial Officer, and Treasurer, effective immediately, following her role as Interim CFO.
Leadership Confidence: President and CEO Matt Partridge expressed confidence in Elaiwat's financial expertise and leadership, highlighting her contributions to the company's financial infrastructure.
Elaiwat's Background: Lenah Elaiwat brings nearly 20 years of financial leadership experience, having previously served as Chief Accounting Officer at SEG and held senior finance roles at various companies.
Company Overview: Seaport Entertainment Group focuses on owning and developing a unique collection of assets in the entertainment and hospitality sectors, aiming to deliver exceptional experiences through integrated offerings.
Bill Ackman Reduces Investment in Alphabet While Berkshire Hathaway, Led by Warren Buffett, Increases Its Holdings
Changes in Holdings: Pershing Square Capital Management, led by Bill Ackman, made no new investments in the third quarter but reduced its stake in Alphabet Class A shares by 10% and sold small portions of its holdings in three other companies.
Top Holdings Overview: As of September 30, the fund's top holdings included Uber (20%), Brookfield (19%), and Howard Hughes Holdings (11%), with Alphabet Class C and Restaurant Brands also significant at 11% and 10%, respectively.
Market Activity: The fund's adjustments come amid notable market activity, including a new position in Alphabet Class A shares by Warren Buffett and Berkshire Hathaway, which may have influenced Pershing Square's decision to cut its stake.
No Stake Increases: Throughout the third quarter, Pershing Square did not increase its stake in any of its existing positions, indicating a cautious approach to its investment strategy during this period.
Seaport Entertainment Group Completes $143 Million Sale of 250 Water Street Project
- Successful Project Sale: Seaport Entertainment Group announced the successful sale of the mixed-use development project at 250 Water Street for $143 million to Tavros, marking a strategic advancement in the company's asset disposal efforts.
- Project Background: Originally acquired by Howard Hughes Holdings in June 2018, the site is entitled for the construction of a 26-story building with up to 399 market-rate and affordable residential units, along with approximately 200,000 square feet of commercial, retail, and community space.
- Transaction Representation: In this transaction, Seaport Entertainment Group was represented by a JLL team led by Andrew Scandalios, Ethan Stanton, and Nicco Lupo, showcasing the company's expertise and market influence in real estate transactions.
- Company Positioning: Seaport Entertainment Group focuses on developing unique assets at the intersection of entertainment and real estate, aiming to deliver unparalleled experiences through diverse offerings in dining, entertainment, sports, and retail, thereby solidifying its leadership position in the industry.
Seaport Entertainment Completes $143 Million Sale of 250 Water Street Project
- Successful Project Sale: Seaport Entertainment Group has successfully completed the sale of the mixed-use development project at 250 Water Street for $143 million to Tavros, marking a significant move in the company's real estate strategy.
- Project Background: Originally acquired by Howard Hughes Holdings in June 2018, the site is now entitled for a 26-story mixed-use building, expected to provide 399 market-rate and affordable residential units along with approximately 200,000 square feet of commercial, retail, and community space.
- Transaction Representation: The deal was represented by a JLL team led by Andrew Scandalios, Ethan Stanton, and Nicco Lupo, highlighting the importance of professional teams in navigating complex transactions.
- Strategic Company Positioning: Seaport Entertainment Group focuses on the intersection of entertainment and real estate, aiming to deliver unparalleled experiences through a unique asset portfolio, and this sale further solidifies its market position.
Institutional Investors Hold Notable 40% Stake in Seaport Entertainment Group Inc. (NYSE:SEG)
Institutional Influence: Institutions hold approximately 40% of Seaport Entertainment Group's shares, indicating significant influence over the company's share price and decision-making.
Shareholder Composition: The top four shareholders control 53% of the company, with hedge funds owning 39%, suggesting a concentrated power structure that could impact management and shareholder value.
Insider Ownership: Insiders own shares worth $3.1 million, reflecting alignment with shareholder interests, although excessive concentration of power among insiders can be a concern.
Public Ownership: The general public holds about 20% of the shares, which provides some influence but may not be sufficient to sway company policies against the interests of larger shareholders.
Seaport Entertainment Appoints Lenah Elaiwat as CFO to Drive Long-Term Success
- Executive Appointment: Seaport Entertainment Group has appointed Lenah Elaiwat as Chief Financial Officer, marking a significant step in the company's ongoing financial infrastructure development, which is expected to enhance financial management capabilities and strategic execution.
- Leadership Experience: With nearly 20 years of financial leadership experience, Lenah has held senior finance positions at several prominent companies, and her extensive background will provide strong support for Seaport's growth in real estate and entertainment platforms.
- Strategic Development: During her tenure as Chief Accounting Officer, Lenah was involved in the company's financial strategic planning, and her appointment is anticipated to further drive integration and innovation within the entertainment and hospitality sectors.
- Industry Impact: Seaport Entertainment Group focuses on integrating dining, entertainment, and hospitality services into unique real estate projects, and Lenah's appointment will help enhance the company's market competitiveness and customer experience.
Seaport Entertainment Group Names Lenah Elaiwat as New Chief Financial Officer
New Appointment: Seaport Entertainment Group has appointed Lenah Elaiwat as Executive Vice President, Chief Financial Officer, and Treasurer, effective immediately, following her role as Interim CFO.
Leadership Confidence: President and CEO Matt Partridge expressed confidence in Elaiwat's financial expertise and leadership, highlighting her contributions to the company's financial infrastructure.
Elaiwat's Background: Lenah Elaiwat brings nearly 20 years of financial leadership experience, having previously served as Chief Accounting Officer at SEG and held senior finance roles at various companies.
Company Overview: Seaport Entertainment Group focuses on owning and developing a unique collection of assets in the entertainment and hospitality sectors, aiming to deliver exceptional experiences through integrated offerings.
Bill Ackman Reduces Investment in Alphabet While Berkshire Hathaway, Led by Warren Buffett, Increases Its Holdings
Changes in Holdings: Pershing Square Capital Management, led by Bill Ackman, made no new investments in the third quarter but reduced its stake in Alphabet Class A shares by 10% and sold small portions of its holdings in three other companies.
Top Holdings Overview: As of September 30, the fund's top holdings included Uber (20%), Brookfield (19%), and Howard Hughes Holdings (11%), with Alphabet Class C and Restaurant Brands also significant at 11% and 10%, respectively.
Market Activity: The fund's adjustments come amid notable market activity, including a new position in Alphabet Class A shares by Warren Buffett and Berkshire Hathaway, which may have influenced Pershing Square's decision to cut its stake.
No Stake Increases: Throughout the third quarter, Pershing Square did not increase its stake in any of its existing positions, indicating a cautious approach to its investment strategy during this period.
