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Manhattan’s luxury market sees best week since 2016

first_img Luxury Real EstateManhattan Condo Marketmichael sternResidential Real Estate Buyers are also looking for larger condos. Over the last eight weeks, the size of units going into contract averaged 3,144 square feet. That’s 6 percent larger than the average condo size of 2,953 square feet last year.“This is maybe a pandemic result of people needing more space,” said Olshan.The most expensive contract last week was a nearly 7,000-square-foot penthouse at Chetrit Group and Clipper Equity’s The Tower at Gramercy Square. The five-bedroom condo at 215 East 19th Street also has a private 5,680-square-foot terrace with exposures in all directions.Douglas Elliman’s Matthew MacKay represented the developer, while his business partner Ben Dixon represented the buyers, who were New York locals and had been looking at the unit since last March. They visited the property several times after Covid restrictions were lifted in the summer, but the major sticking point was whether they would be able to install a pool on the terrace, according to MacKay.“We had to get involved with engineering, and it took probably at least three months to negotiate the price,” he told Olshan. “The buyers were really specific. They wanted views and privacy, as well as a very large outdoor space and a pool was the priority.”The property’s final asking price was $29.5 million, down from its original ask of $33 million when sales at the building launched in September 2016.The second priciest deal was Michael Stern’s spacious duplex at Walker Tower, a condo conversion handled by his firm JDS Development Group and Kevin Maloney’s Property Markets Group. The developer bought the unit in 2014 for just over $16 million and listed it in June 2019 seeking nearly $28 million. The four-bedroom unit spans 4,748 square feet and includes a 686-square-foot terrace.Compass broker Vickey Barron handled the listing for the developer, while Leonard Steinberg, also of Compass, represented the buyer, according to Olshan.Contact Erin Hudson Message* Tags Michael Stern’s Walker Tower condo among 38 luxury contracts inked last week. (Compass) Manhattan’s luxury market has another strong week under its belt.Last week, there were 38 contracts for properties asking $4 million or more — the best week since August 2016 when 43 contracts were inked, according to Olshan Realty’s latest market report.Of the 38 homes that went into contract last week, the vast majority were condos in addition to seven co-ops and three townhouses.Last week’s contract activity is a continuation of the upward trend that began in Manhattan’s luxury market late last year, particularly among new developments. Of the 38 luxury condos that went into contract last week, 17 were sponsor units.ADVERTISEMENT“It was an extraordinary week by any stretch and if you look at the numbers you would never know that we were in a pandemic,” said Donna Olshan, author of the report.That said, Olshan noted that on average, the properties’ final asking prices were 13 percent below original ask.Read moreBest week since 2019 for Manhattan luxury marketFinancier lists Brooklyn Heights townhouse for $18M432 Park tenants plagued by creaks, leaks and design flaws Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Share via Shortlink Full Name* Email Address*last_img read more

Phony website falsely claims REBNY cancels rent

first_img Tags The person behind the prank website is still anonymous. (Getty)UPDATED, Mar. 1 2021, 1:15 p.m.: April Fool’s Day came a month early for New York’s biggest real estate industry group and a City Council member, who were targeted by a “cancel rent” cyber prank.A bogus website mimicking that of the Real Estate Board of New York went live on Monday, claiming that the trade association had canceled rent at its members’ properties. The fake was immediately seized upon and disseminated by a tenant group who believed it to be real.The news release quoted a REBNY senior vice president who does not exist, as well as a nonexistent chief of staff for Crown Heights City Council member Robert Cornegy, Jr. Cornegy chairs the City Council’s Committee on Housing and Buildings. Cornegy’s office did not respond to a request for comment.The pranksters, responding to an inquiry from the email listed on the fake page, declined to be identified. In a statement, they said they were “one more instance of the centuries of inextinguishable resistance, rebellion, and revolt” that has been a constant in New York’s history.They also said they posted the website because they believed the “property lobby” would never propose such a policy. They added that REBNY’s business is “structurally dependent on not only houselessness, but police violence, environmental degradation” as well as the genocide of people of color, which they said takes the form of gentrification.The website’s registration shows it was created last week by someone in New York using the web hosting service GoDaddy. The registration information did not reveal the identity of the prankster. The site was still live as of midday Monday.Sam Spokony, a spokesperson for REBNY, said the phony release does not help to advance policy discussions to help renters and landlords.“This is a serious public policy issue in a very challenging environment,” said Spokony. “We are focused on working with elected officials and other stakeholders on real solutions to address the urgent needs of residential and commercial tenants and owners.”Tenant advocates were also in the dark about who was behind the prank.Housing Justice for All, the state’s leading tenant advocacy coalition, initially believed the website was real, and posted a screenshot of the fake site on its Twitter account.Subsequent to The Real Deal’s inquiry about it, the organization deleted the tweet.Cea Weaver, a frequent antagonist of the real estate industry, denied any knowledge of the website, but called it “amazing.”“I wish I knew” who made the website, Weaver said. “I would give them my job.”UPDATE: This story has been updated to include a statement from the creator of the fake REBNY website. Contact Georgia Kromrei Share via Shortlink Commercial Real EstatePoliticsReal Estate Board of New York Full Name*center_img Email Address* Message* Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlinklast_img read more

On the need to consider wood formation processes in global vegetation models and a suggested approach

first_imgDynamic global vegetation models are key tools for interpreting and forecasting the responses of terrestrial ecosystems to climatic variation and other drivers. They estimate plant growth as the outcome of the supply of carbon through photosynthesis. However, growth is itself under direct control, and not simply controlled by the amount of available carbon. Therefore predictions by current photosynthesis-driven models of large increases in future vegetation biomass due to increasing concentrations of atmospheric CO 2 may be significant over-estimations. We describe how current understanding of wood formation can be used to reformulate global vegetation models, with potentially major implications for their behaviour.last_img read more

Clubcard launches to help tenants and buyers save house deposit

first_imgHome » News » Housing Market » Clubcard launches to help tenants and buyers save house deposit previous nextHousing MarketClubcard launches to help tenants and buyers save house depositInnovative ‘Brix’ scheme enables consumers to earn points towards a property fund when they shop at overt 220 online and high street shops and services.Nigel Lewis14th May 201801,401 Views Aspiring first time buyers and tenants have been offered the chance to save up a house deposit by shopping at 220 leading high street and online retailers including Currys, Boots, Marks & Spencer, Sky TV and B&Q by a new mobile phone app called Brix.The range of companies and services signed up to offer ‘Brix’ covers almost every area of consumer expenditure and activity including utilities, daily shopping and holidays.The scheme, which shares many similarities to a store clubcard, offers young people the chance to earn points that then count towards a ‘property fund’.“Brix harnesses an untapped opportunity, converting affiliate revenue earned from retailers into a point scheme that can be put to real use and help solve the deposit problem faced by a whole generation,” says founder George Rawlings (pictured, left).This cash, which is placed in a ring-fenced client account, can then be spent on several types of property transaction.These are either to spend on a solicitor when buying a property, a deposit towards a first-time buyer purchase or paying a letting agent or landlord a  rental deposit. Savers can also pay the money into a lifetime ISA.House depositBrixpoints is based in Paddington, London and its founder George Rawlings will be a familiar one to some agents.He also runs Agent VOX, a video company that enables agents to present their ‘personality’ via moving images within their emails.The Brix scheme has been endorsed by consumer organisation Which? and, although it applauds the free service, points out first time buyers are “unlikely to save a deposit through points alone” and that would be part of a home buying savings plan, and not replace it.george rawlings house deposit brix brixpoint first time buyer May 14, 2018Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021last_img read more

UK: Royal Navy Decomissions HMS York

first_img View post tag: Royal UK: Royal Navy Decomissions HMS York View post tag: HMS September 28, 2012 Back to overview,Home naval-today UK: Royal Navy Decomissions HMS York View post tag: News by topic View post tag: York A ceremony at Portsmouth Naval Base has officially marked the end of HMS York’s 27-year Royal Navy career. The Type 42 destroyer has clocked up more than 750,000 miles protecting the UK’s interests across the world and is being decommissioned as the ageing fleet of Type 42s makes way for the hi-tech Type 45 destroyers.The decommissioning service was conducted by RN chaplain the Reverend Keith Robus, with music provided by the Royal Marines Band, Portsmouth. Among the guests were ship’s sponsor Lady Gosling – who launched HMS York in 1982 – former commanding officers, families of the 240 ship’s company and civic dignitaries from the ship’s namesake city.The ceremony ended with the ship’s White Ensign being lowered for the last time. HMS York’s Commanding Officer, Commander Rex Cox, said:“As the final Commanding Officer of HMS York I have the honour and privilege to ensure that we say goodbye to our great ship in style and in the finest traditions of the Service. “HMS York has given 27 years of distinguished service to the Royal Navy across the globe.“Throughout her life it has been the people, the members of her ship’s company, who have made HMS York what she is. “It is time to say farewell to a distinguished lady who has been both a home and a way of life to so many.“We shall miss her, however rather than being sad we should look to her numerous achievements and celebrate her 27 years.”The last of the Navy’s Type 42s, York was built by Swan Hunter at Wallsend and launched on June 20 1982.She was commissioned into the RN fleet in 1985 and her first deployment was to the far east in 1986-87.She was sent on operations to the Gulf four times in the 1990s and saw front-line action in 2003 when she provided air cover to aircraft carrier HMS Ark Royal during the invasion of Iraq.In 2006 she joined sister ship HMS Gloucester in evacuating British nationals from Beirut during the Israel-Lebanon conflict, ferrying evacuees to Cyprus.And in 2011 – during her last operational deployment – she was sent to Malta to assist in the evacuation of British personnel during the Libyan uprising.HMS York left Portsmouth for the final time at the beginning of the month and headed for Brest in France where she showed off the capabilities of the Royal Navy to French military students.From there she spent several days in Hull, allowing her 240 ship’s company to exercise their Freedom of the City of York for the final time and say farewell to civic dignitaries and affiliate organisations in the city.She returned to her home port for the final time on September 20.[mappress]Naval Today Staff, September 28, 2012; Image: Royal Navy View post tag: Navy View post tag: Decomissions View post tag: Naval Industry news Share this articlelast_img read more

EFSA issues ruling on health claim ingredients

first_imgRye flour that is claimed to be low-GI is among the products that have failed to win approval by the European Food Safety Authority (EFSA) in its final batch of rulings on food health claims.Health claims for other bakery ingredients, including pumpkin seeds, which were said to help maintain normal urination, also failed.The panel ruled that: “On the basis of the data presented… a cause-and-effect relationship cannot be established between the foods/food constituents which are the subject of this opinion and the claimed effects.”The publication of the final series of 35 evaluations is the culmination of more than three years’ work. Since 2008, the Panel on Dietetic Products, Nutrition and Allergies (NDA) has assessed 2,758 food-related general function health claims to determine whether they were supported by sound scientific evidence. In the final batch of claims, just one in five was approved.The panel did approve some health claims for bakery ingredients. These included products with “specific dietary fibres related to blood glucose control, blood cholesterol or weight management”. In addition, the claim that walnuts do improve the function of blood vessels was approved, meaning this can now be used on foods containing walnuts. Claims that sugar-replacers used in bakery, including xylitol and sorbitol, could control blood glucose levels after eating, were also approved.”EFSA’s independent evaluation concluded that a considerable number of claims made on foods are backed by sound science, including claims related to a wide range of health benefits,” said Professor Albert Flynn, chair of EFSA’s NDA Panel.last_img read more

Speech: PM’s speech at the Zero Emission Vehicle Summit: 11 September 2018

first_imgI am delighted to welcome you all to the Midlands. Right at the heart of Britain’s automotive industry. Here, we are incredibly proud of our manufacturing history – home of some of the biggest brands in the world, the Mini, Aston Martin, Jaguar Land Rover – and equally proud that this is where the future of travel is now being made.Now alongside Formula One – so much a British institution – we have Formula E leading the way at the cutting edge of green automotive technology, and this just shows how exciting this future can be.Our automotive industry is one of this country’s great success stories. And as Britain looks to the future – as we build a global, outward facing country outside of the European Union, and as we forge a stronger, fairer economy – we are building on our strengths and investing in Britain for the long term.We have an impressive track record in research and development, world class talent and skills, some of the best universities around the globe and one of the most productive research bases in the world.Over the next decade, we will see the biggest ever increase in R&D investment in our history, aiming for total R&D to hit 2.4% of GDP by 2027. Our corporate tax is the lowest rate in the G20. And through our modern Industrial Strategy, we are backing the industries and technologies of the future, as we foster growth in every corner of our country.At the heart of that strategy are four grand challenges – global trends set to change the way we live and work – including clean growth and the future of mobility.Because, over the coming years, the way we commute, travel and have our goods and services delivered will change irrevocably.Electrification, self-driving cars, delivery drones and electric cargo bikes – will all help reduce traffic, improve journey times and safety, and free-up space in our towns and cities.But innovation will also clean up our air – and that is why we are here today, at this, the UK’s first zero-emission vehicles summit.How we accelerate the transition to zero-emission vehicles – and ensure cleaner air for all our people – is one of the most pressing issues in modern transport. That we have here government representatives and industry experts – from every continent – shows how global this issue is, affecting towns and cities around the world. And as we stand on the brink of the next revolution in transport – a green revolution – I want to see Britain, once again, leading from the front and working with industries and countries around the world to spearhead change.That is why I have set this country an ambitious mission. To put the UK at the forefront of the design and manufacturing of zero-emission vehicles and for all new cars and vans to be, effectively, zero emission by 2040.Already we are taking significant strides forward. Our electric, UK-manufactured cars account for one-in-five sold in Europe. Our batteries are among the best in the world.And our Road to Zero Strategy is the most comprehensive plan globally – mapping out in detail how we will reach our target for all new cars and vans to be, effectively, zero emission by 2040 – and for every car and van to be zero emission by 2050.We are investing in the design, development and infrastructure needed to speed up the uptake of green vehicles. We are providing £1.5 billion for ultra-low-emission vehicles by 2020, and creating a £400 million fund to invest in the roll-out of charging point infrastructure, in partnership with industry.We have legislated to ensure charge points can be easily accessed and available at motorway service stations and other petrol stations.We will consult on the introduction of green number plates – and how they might be used to promote clean vehicles and increase their use.We are providing a £2 million grant for e-Cargo bikes, creating a zero-emission option for last mile deliveries.And today we have provided over £100 million of funding for innovators in ultra-low-emission vehicles and hydrogen technology. With a further £500 million of investment from key industries in this sector, creating over 1000 jobs across the UK.So we are driving change further, and faster.But this is not just about new technologies. It is also about new skills and job opportunities – which is why I am delighted that Coventry and Warwickshire Local Enterprise Partnership has invested in a new Degree Apprenticeship Centre with the University of Warwick, focusing on the high-value manufacturing sector and backed by £10 million of government local growth funding.Together, all these measures will drive the design, use, uptake and infrastructure necessary for cleaner, greener vehicles – and in doing so, it will help us drastically reduce a major contributor to our global warming emissions, as we seek to meet the Paris Climate Change Agreement.But we cannot do this alone. At the One Planet Summit last year I announced we would invite, to the UK, policy makers and industry leaders from across the world to provide impetus to this vital market. We are here today because the issues we face are not the preserve of any one country. They belong to all of us – and they require all of us to pull together, to solve the problems that all our countries face.Governments, industry, innovators from around the world need to work together to transform the development of the zero-emission vehicles market.So, this afternoon I am hosting an Automotive Investment Roundtable with leading supply-chain companies from Germany, the USA, Japan, China, Spain and India, to explore what more we can do to accelerate the development of a zero-emissions market – and to highlight the UK’s offer. Today demonstrates that the government’s commitment and comprehensive strategy has given businesses the confidence to invest and to innovate, and help deliver the zero-emission transition for the benefit of us all.And I want to urge everyone here to make the most of this summit, make connections, explore possibilities – and to use this as a starting point to convince others of the importance of the green revolution in transport.And let’s not lose sight of why this is so important.Because yes, it’s about innovation, new ideas and exciting developments.But it is about so much more – for ourselves, and for the generations to come.So that our children in schools and nurseries that sit alongside main roads – do not have to breathe in harmful emissions in a bid to get an education.So that our cities’ parks and green spaces really are places where you can get out and get some clean, fresh air.So that families everywhere – from the country to the city centre – can ensure a healthy environment even for their most vulnerable members, young and old.We have long lived with the idea that traffic is polluting. We know that no longer needs to be true. And we are on the brink of making it a thing of the past.Let’s do so together. And transform the world in which we all live for the better.last_img read more

Better odds

first_imgA genetic clue uncovered by Harvard researchers at Dana-Farber Cancer Institute enables doctors to predict, for the first time, which children with T-cell acute lymphoblastic leukemia (T-ALL) are unlikely to benefit from standard chemotherapy for the disease and should therefore be among the first to receive new treatments in future clinical trials.In a study in the Journal of Clinical Oncology, which was published online today  (July 19), the investigators report that young people with T-ALL whose leukemia cells harbor an intact TCR-gamma gene generally have a poor response to “induction” chemotherapy — the first course of drugs given at the time of diagnosis to spur cancer remission. Patients with this high-risk marker will be prime candidates for clinical trials in which therapies currently in development are tested.“Even though we can cure a large subset of children with T-ALL, about 25 percent of pediatric patients with the disease die of it, either because first-line chemotherapy fails, or because they relapse after being in remission for a year or two,” said the study’s lead author, Alejandro Gutierrez, a Harvard Medical School (HMS) instructor in pediatrics at Dana-Farber. “Until now, there has been no way of determining ahead of time whether a patient is likely to be helped by the standard regimen of front-line drugs.”ALL, a cancer of the white blood cells, is the most common malignancy in children. T-ALL, which affects lymphocytes (lymph cells) known as T cells, accounts for about 15 percent of all pediatric ALL cases, or about 1,500 new diagnoses annually in the United States, according to the American Cancer Society.To see if T-ALL cells contain any hints of their likelihood to resist traditional chemotherapy, investigators performed genomic tests on leukemia cells from 47 children with T-ALL, 25 of whom were long-term survivors, nine of whom failed to achieve complete remission after induction chemotherapy, and 13 who relapsed after going into remission.  The molecular test, known as comparative genomic hybridization, probes thousands of genes to see if any are present in unusual quantities in the cells.“We found that patients whose cells did not have rearranged DNA in the TCR-gamma gene were the most likely to fail induction therapy. Of the 47 samples studied, eight had this particular high-risk marker. Six of those patients did not respond to first-line chemotherapy,” said Gutierrez.Tumor samples from patients whose disease relapsed after going into remission were found to have TCR-gamma rearrangements at the time of diagnosis.  In some of these patients, however, rearrangements were not found after relapse.  Researchers believe that such patients almost certainly had a small number of leukemia-initiating cells without rearrangements at diagnosis, but in quantities too small for detection, said the study’s senior author, A. Thomas Look, an HMS pediatrics professor at Dana-Farber. After the DNA-rearranged cells died in response to chemotherapy, the remaining chemo-resistant cells came to predominate.Other molecular studies are giving scientists leads as to which genes and gene pathways are responsible for the ability of some T-ALL cells to defy conventional chemotherapy, said Gutierrez. Some of these genes are known to be targeted by drugs currently being studied in clinical trials for other diseases, raising the possibility that they might be effective for certain T-ALL patients as well.“Given the relatively high failure rate of conventional induction therapy for this disease, there is an urgent need to test alternative chemotherapy agents in patients,” Gutierrez remarked.  “Routine testing for rearrangements in TCR-gamma,” which could be accomplished fairly inexpensively with a standardized test, “would enable us to identify which patients could gain the most benefit from these agents.”The research was supported by grants from the National Institutes of Health, the William Lawrence Foundation, and the Community Foundation of the National Capital Region.Dana-Farber Cancer Institute is a principal teaching affiliate of the Harvard Medical School.last_img read more

More Details on Gemma Arterton’s Star Turn in the West End’s Made in Dagenham

first_img View Comments Design will be by Olivier winner Bunny Christie and choreography by Aletta Collins. We now have more details of the previously reported news that Gemma Arterton is to lead the stage adaptation of the hit film Made in Dagenham in the West End. Adrian Der Gregorian will also star in the Rupert Goold directed musical comedy, with a book by Richard Bean (One Man, Two Guvnors), music by Grammy winner David Arnold (Sherlock) and lyrics by Olivier winner Richard Thomas (Royal Opera’s Anna Nicole). Performances will begin at the Adelphi Theatre on October 9 with opening night set for November 5.center_img Essex 1968. Like millions of other working women, each morning Rita O’Grady (Arterton) is just trying to get her husband Eddie (Der Gregorian) out of bed, get the kids off to school and get to work at the factory on time. But life is about to change forever when it’s announced that the girls in the sewing room of Ford’s Dagenham car plant will have their pay grade dropped to “unskilled.” Quickly drawing on a strength she never knew she had, Rita leads her friends in a battle against the might of Ford and the corruption of the Union supposed to protect them. As the girls’ inspiring journey gets bigger than anyone could have imagined, the pressure is too much for some, but can Rita keep up the fight and the happy home she’s worked so hard for?last_img read more

Weekly unemployment claims jump 302

first_imgFor the week of October 23, 2010, there were 1.054 new regular benefit claims for Unemployment Insurance, an increase of 302 from the week before, as claims are trending upward in October. Altogether 7,697 new and continuing claims were filed, an increase of 292 from a week ago and 2,284 fewer than a year earlier. The Department also processed 2,706 First Tier claims for benefits under Emergency Unemployment Compensation, 2008 (EUC08), 81 fewer than a week ago. In addition, there were 1,520 Second Tier claims for benefits processed under the EUC08 program, which is an increase of 4 from the week before. The Unemployment Weekly Report can be found at: http://www.vtlmi.info/(link is external). Previously released Unemployment Weekly Reports and other UI reports can be found at: http://www.vtlmi.info/lmipub.htm#uc(link is external)last_img read more