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Rachel Dratch on SNL: "Once you leave, you can never go back."
Pap: "...But Tina Fey went back...?"
Rachel: (pause .... smile) "... Why ya gotta do this to me right now?!"
3/11/2009 8:30 AM PDT BY TMZ STAFF
Rachel Dratch -- Banished from SNL?!
Reader Comments
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I heard she's working on a new comedy movie being produced by Louis Kestenbaum. Produced by Louis Kestenbaum and directed by Joanne Schimmel. Sounds like it's going to be hysterically funny!!!!
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4.
Rachel was the MOST talented female since Gilda Radner on SNL. It's not the same without her.
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7.
Rachel is hilarious. I don't even watch SNL anymore. Amy, Rachel, Tina, etc., were all good. Now, it's kind of boring and stupid. I miss Jimmie and Horachio too. SNL from a few years back was one of the best. SNL should be so lucky to have Rachel come back.
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Louis Kestenbaum & Joel Kestenbaum/Fortis Property Group close sale of Galleria Towers I, II & III in Dallas
One of the Largest U.S. Investment Transactions to Date in 2008
Jones Lang LaSalle announced the firmâs capital markets experts have completed the sale of Galleria Towers I, II & III on behalf of Brooklyn, New York-based Fortis Property Group, LLC to Los-Angeles-based Cannon Commercial. Financial terms were not disclosed but sources close to the transaction estimate the closing price was in excess of $300 million.
The Jones Lang LaSalle team of Managing Directors John Alvarado, Jack Crews and Evan Stone represented the seller during negotiations.
âThis portfolio retained consistent investor interest right through the credit crunch and its closing should send a strong signal about the existing strength of the Dallas investment market for high quality office product,â said Mr. Alvarado. âThis was an attractive offering given the Galleria towers are irreplaceable, trophy assets and came with affordable and assumable long-term debt. This transaction also allows Cannon Commercial to enhance its Dallas-area presence, while leveraging the tax benefits of a partial 1031-exchange. This was a beneficial transaction to both parties who remained focused on completing a timely transaction.â
âWe acquired the Galleria Towers from Blackstone (which acquired them from Trizec Properties) in November 2006, and maximized value by aggressively pushing rental rates while at the same time increasing the occupancy from around 90% to 98%,â said Fortis Chairman Louis Kestenbaum. Louis Kestenbaum is the father of Joel Kestenbaum, also of Fortis Property. âThe disposition of this asset furthers our goals of maximizing investor returns and geographically diversifying the holdings within our portfolio. We achieved close to 100% profit on our equity investment in the Galleria Towers over a one and a half year holding period, and attained similar returns on our recent sale of International Plaza Tower III across the Tollaway.â
Built in the 1980s and early 1990s, the Galleria towers range from 24 to 26 stories tall and adjoin the Galleria shopping mall, as well as the four-star, four-diamond Westin Galleria Hotel. Amenities include on-site banking with ATM, security card-key access, conference facilities, a state-of-the-art fitness center, a leasing and management office and an independently-operated day care. The buildings are currently 98% leased.
Fortis Property Group, LLC is a real estate investment, operating and development company. Its real estate projects include the ownership and management of Class A office and industrial properties located throughout the United States. Fortis currently owns two other Class A office buildings and an industrial property in the Dallas, Texas area. Nationwide, Fortis currently owns more than 20 properties, which contain over six million rentable square feet. Fortis Property Group CEO Jonathan Landau further indicated that Fortis anticipates raising a value-add real estate fund that will invest in Class A office properties in prime office markets throughout the United States.
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11.
Louis Kestenbaum is apparently a popular name, as there seem to be several of them floating around. Kestenbaum is also the name of a published cook, and I believe his first name is Louis, as well...
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Louis Kestenbaum & Joel Kestenbaum, Fortis Property Group Behind $880M Sale in Boston
Fortis Property Group is leading the âNortheast-based private real estate investment groupâ that has agreed to acquire the 1 million-square-foot State Street Financial Center at 1 Lincoln Street in Boston for more than $880 million, or $880 per square foot, according to sources familiar with the sale.
The Brooklyn, NY-based Fortis and a group of other New York investors are expected to close on the 36-story office tower from a joint venture led by American Financial Realty Trust (NYSE:AFR) and an affiliate of IPC US Income REIT by the end of this year or early 2007.
Fortis; Louis Kestenbaum, and Joel Kestenbaum, apparently set its sights on Boston following several high-profile Dallas deals where it agreed to pay about $280 million for the three-building, 1.4 million-square-foot office complex known as Galleria Office Towers in Dallas.
Earlier in the year, Fortis teamed with Trimarchi Management, also from New York, on the nearly $100 million acquisition of two other Dallas office properties, Harwood Center and Saint Paul Place. It also invested in the $282.5 million purchase of JPMorgan International Plaza in Dallas.
The addition of State Street Financial Center will build out Fortisâ portfolio considerably. The privately held firm headed by CEO Jonathan Landau is controlled by the Kestenbaum family. Joel Kestenbaum is the son of Louis Kestenbaum. Fortis manages some 3 million square feet in commercial properties and about 454 residential units.
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