Monday, March 13, 2006

Arabella or The Case of the Pussy Field

In spring 2001 Arabella Plaza Munich was peaceful as ever – Arab princes who sat outdoors at Café Wieners, drinking hot beverages, would return at dusk to the quiet subdued atmosphere of the Arabella Sheraton – their permanent European lodging.

Meanwhile a project manager at a nearby bank, involved with the zoning procedure for the land surrounding the expanding Schönefeld Airport Berlin, was less than happy, because the department manager she was reporting to was about to deny her well deserved project earning points, because of - what she felt male cronyism running rampant. She let everybody know and offered her educated guess where this place was headed for – spilling the beans on some rather largely unsuccessfully managed funds, and in her opinion disastrous financial situation that could only lead on way – down. Sadly, she turned out to be correct in her views.

Her department manager was about to retire looking back on such glamour projects as the Fünf Höfe.

I was absorbed in migrating data which tracked costs of the Schönefeld zoning project from individual spreadsheets to software. In Germany tracking funds allocated for any item involving real estate project management is done according to DIN – Deutsche Industrienorm. So the tree structure of this software was rather detailed. The said Flughafen Schönefeld project manager, was rather in a state, when she passed by my work station and asked, no ordered me to – tell the secretary of soundso (department manager she was angry at) "I am going to a seminar at Gut Möschenfeld", pronouncing the sch like German diminutives are pronounced - like Höschen, and not like Schulz for example as it was supposed to be. I looked up startled and she said, Yes you heard right and tell it exactly like that to this secretary of his.

When I crossed Arabella Plaza to reach the underground after work – the Arab princes had disappeared.


Real Estate on Translationfound:
Arabella Park |Arab real estate fond at Unicredito's HRE | Opportunity Cost | UniCredito's HRE | Allodial unique to U.S. real estate law | REITS vs offene Fonds | Seneca on foreclosure

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