Suburban housing market surged in August while Manhattan trailed

Posted On May 12 2021 by

first_imgShare via Shortlink Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink (iStock)New York’s real estate market has become a tale of two fortunes.There is Brooklyn and the suburbs, where new contracts surged in August, according to the latest market report from Douglas Elliman.Then there is lonely old Manhattan, where real estate executives are leading the charge for companies to return to work; where the business community is taking every opportunity to tout the city’s unshakable foundation; and where home sales continue to tumble.Contracts for condos in the borough fell almost 38 percent last month from the same period last year, while new listings went up 30 percent, the report showed. Co-op contracts fell 26 percent.The ultra-luxury market was particularly slow, with no condo contracts signed above $20 million and four between $10 million and $19.99 million. Most deals were between $1 million to $4 million.ADVERTISEMENT“That urban-to-suburban story has to be recast as Manhattan-to-suburban,” said appraiser Jonathan Miller, who compiled the report.Read moreJuly contracts tumble in ManhattanManhattan home of late rock star Ric Ocasek goes into contractEvictions banned through December for most US tenants Since the pandemic hit, much has been made of the so-called “death” of cities. However a recent report from Zillow showed that urban and suburban residential real estate markets have mostly fared the same — the Northeast being the exception.In the Hamptons, contracts for single-family homes climbed 109 percent in August from the same period last year, to a total of 278. New listings also doubled. In Norfolk, home deals went up 76 percent.The pandemic is a huge driver, of course — but not only because it sparked a rush of interest in homes with privacy and outdoor space.“A lot of this unusual surge isn’t just outbound migration from Manhattan but it’s the fact that there wasn’t a spring market — it was locked down — and the summer ended up being a release point for all this pent-up demand and pent-up supply,” Miller said.But now, there are potential signs that the frenzy may be leveling off. In some suburban areas, including Westchester, Fairfield and Long Island, the month-over-month figures seemed to plateau or peak, Miller said. Whether that’s a temporary easing or the sign of something bigger remains to be seen.Deals in Brooklyn have mostly followed the upward trajectory of the suburbs. Co-op deals climbed 181 percent last month to a total of 138, the report showed. Most of them were in the $500,000-$999,000 range, followed by the second-largest bracket, under $500,000. There were zero co-op deals above $4 million.Condo deals in the borough also climbed, however the 33 percent increase was markedly more modest than the co-op figures. Just three of the condo contracts were above $4 million.Single-family home contracts totalled 128 in August — up from 50 in the same month last year.“[Brooklyn] didn’t take the hit that Manhattan did, and it continues to show that,” Miller said, noting that demand appeared to be outpacing supply.“If you look at the two of the three property types, there was larger growth in signed contracts than there was in new inventory coming on.”Write to Sylvia Varnham O’Regan at [email protected] TagsDouglas Ellimanhome salesjonathan millerResidential Real Estatelast_img read more


Food for thought

Posted On May 8 2021 by

first_img‘One cannot think well, love well, sleep well if one has not dined well.’ How true!Yoga, prayer, study, play, music, cooking, driving… any activity be it physical or mental – successful fruition of activities are possible only when the stomach does not send hunger pangs.Secondly, the individual decides the quantity and the number of meals each day; it is quite common for today’s young adults to skip breakfast, have brunch somewhere around midday. This, I believe is not healthy, as the body has starved for 12-14 hours (assuming dinner was around 0021 hours). A stimulating cup of coffee or tea with rusk/biscuits followed by a bowl of fruits in the morning suffices to complete the morning chores for the homemaker and the just-retired menfolk. For the working class, a sumptuous breakfast gives the energy to stay fit until lunchtime. The senior citizens and the super senior citizens who are unable to eat at one ago require liquids and easily digestible solids. (‘Sundal,’ ‘medhu vadai’ are not bad choices at all! The potion size matters.)Eating healthy, home-cooked meals keeps the mind and the body healthy and free from several diseases; exercising is equally important, a sedentary lifestyle is again a harbinger of several problems. The importance of cooking at home and healthy eating has been gathered well in this time of the pandemic.Regarding healthy food, the right balance of carbohydrates, fats, proteins, vitamins and minerals is something we are technically aware of, meditatively practising the same requires effort on the part of the caregiver aka chef. A creative person can conjure up the best of meals in truly little time.Avoidance of fats in the diet has its repercussions in the long run. Besides, research studies reveal that when it comes to dietary fat, what matters most is the type of fat you eat. Contrary to past dietary advice promoting low-fat diets, newer research shows that healthy fats are necessary and beneficial for health. Even the foods that contain high saturated fat may be used in moderation without fear.The body understands the needs better… as explained by the Sage Tiruvalluvar’s Couplet 945, ‘maaRupaadu illaadha uNdi maruththuNNinooRupaatu illai uyirkku’ roughly translated as follows:“With self-denial take the well-selected mealSo shall thy frame no sudden sickness feel”Eating beyond the body’s capacity without burning the calories would result in diseases. Let the body decide, Let the mind never rule!last_img read more


Charges dropped against adult film star Stormy Daniels after strip club arrest, attorney says

Posted On May 3 2021 by

first_imgABC News(COLUMBUS, Ohio) — Authorities dropped the charges against adult film star Stormy Daniels Thursday after she was taken into custody during a performance at a strip club in Ohio, according to her lawyer, who called the arrest a “politically motivated” setup.Daniels, who made headlines earlier this year over her claims of an alleged affair with President Donald Trump, was arrested Wednesday night while performing at the Sirens Gentlemen’s Club in Columbus after she allegedly allowed “a customer to touch her while on stage,” her attorney, Michael Avenatti, said via Twitter early Thursday morning.“Just [received] word that my client @StormyDaniels was arrested in Columbus Ohio [while] performing the same act she has performed across the nation at nearly a hundred strip clubs,” Avenatti tweeted. “This was a setup [and] politically motivated. It reeks of desperation. We will fight all bogus charges.”ABC News reached out to Avenatti, who declined to elaborate beyond his tweets.Daniels was charged with three violations of illegal sexual orientation activity in a sexually oriented business. Those charges were dropped Thursday afternoon, according to documents Avenatti posted.Prosecutors did not immediately respond to ABC News’ request for comment.Daniels, whose legal name is Stephanie Clifford, had allegedly touched some of the patrons’ breasts and allowed them to touch her, according to court documents obtained by ABC Columbus affiliate WSYX-TV. She had allegedly performed the same act with several officers who approached the stage and forced one officer’s head into her bare chest.The documents did not indicate whether the officers were in plain clothes or in uniform at the time.Columbus police arrested Daniels, 39, along with two other unspecified individuals at the club.Daniels, who was semi-nude during the performance, was initially charged with three misdemeanor counts of knowingly touching a patron at a “sexually oriented business,” according to the court documents. Ohio law prohibits anyone who “regularly appears nude or semi-nude on the premises of a sexually oriented business” to “knowingly touch” a patron or another employee who is not a member of their immediate family, nor the clothing of that individual, while on the premises of that establishment — and vice versa.Representatives for the Columbus Police Department did not immediately respond to ABC News’ request for comment Thursday.The Franklin County Sheriff’s Office released a booking photo of Daniels on Thursday morning.Court records show Daniels was released on bail after an individual named Denver Nicks posted $6,054 bond. She was seen leaving jail Thursday morning.Avenatti did not provide details on the “act” in question but he said Daniels was “arrested for allegedly allowing a customer to touch her while on stage in a non-sexual manner.”“Are you kidding me? Theyare devoting law enforcement resources to sting operations for this? There has to be higher priorities!!!” Avenatti tweeted. “We expect her to be released on bail shortly. We also expect that she will be charged with a misdemeanor for allowing ‘touching.’ We will vehemently contest all charges.”Avenatti said his client would plead “not guilty” to the three misdemeanor charges. He also released the following statement via Twitter on her behalf: “As a result of what happened last night, I will unfortunately be unable to go forward with tonight’s scheduled performance. I deeply apologize to my fans in Columbus.”Daniels was scheduled to be arraigned Friday morning in Franklin County Municipal Court, according to court records. But by Thursday afternoon, Avenatti announced that a judge had granted a motion to dismiss the charges against her.“I am pleased to report that the charges against my client @stormydaniels have been dismissed in their entirety,” he tweeted.Daniels has said she had sex with Trump once in 2006 and was later paid off to keep quiet about it. Trump, who was married to his current wife, Melania, at the time, has repeatedly denied the affair occurred.Trump’s then-personal attorney, Michael Cohen, had Daniels sign a non-disclosure agreement about the alleged affair just weeks before the 2016 election. Daniels filed a lawsuit against Trump and Cohen late last year, seeking to be released from the hush agreement.Cohen has admitted paying Daniels $130,000 shortly before the election. In a statement emailed to ABC News in February, Cohen said it was a “private transaction” using his “own personal funds” that were paid to Daniels in 2016.Daniels filed a new lawsuit in June against Cohen and her former lawyer, Keith Davidson, who represented her when she signed the non-disclosure agreement. The suit alleges that Davidson betrayed Daniels while still representing her by communicating and coordinating with Cohen for Trump’s benefit.Copyright © 2018, ABC Radio. All rights reserved.last_img read more


NexPoint Advisors buys self-storage company for $900M

Posted On May 2 2021 by

first_imgNexPoint Advisors president James Dondero and Jernigan Capital CEO John Good (Photos via NexPoint; Jernigan)NexPoint Advisors has acquired Jernigan Capital, a large owner of and capital provider to self-storage facilities, for about $900 million in an all-cash transaction. The deal signals the growing interest from institutional investors in the sector.The newly acquired company will be known as NexPoint Storage Partners.Extra Space Storage, a self-storage REIT, provided about $300 million to finance the acquisition by purchasing preferred stock.JPMorgan Chase provided about $512 million of additional financing for the acquisition and future growth. Walker & Dunlop’s Aaron Appel, Keith Kurland, Adam Schwartz, Jonathan Schwartz and Stephen Farnsworth arranged financing deal.The new company will continue to acquire self-storage facilities in growing markets and provide financing to other storage companies, according to a release. The sale was first announced in August.Jernigan Capital owns $514 million worth of self storage real estate properties, according to its most recent quarterly report with the SEC.NexPoint Advisors is an alternative investment platform with $7.8 billion in assets under management.The self-storage sector has proven to be among the most resilient to the coronavirus pandemic, and large investors have taken notice. Last month, a Blackstone fund purchased Simply Self Storage from Brookfield Asset Management for about $1.2 billion, giving it a portfolio of 8 million square feet.Contact Keith Larsen This content is for subscribers only.Subscribe Now Full Name* Email Address* Message*last_img read more


Protect your company’s directors from health and safety action

Posted On Apr 21 2021 by

first_imgIn health and safety breaches, directors can face legal action. You can insure yourself against that riskMany coach and bus operators fail to recognise that by breaching health and safety law, they could face trial not just as a corporate entity, but as a director or manager – deemed to have not exercised their statutory duty of care.We are increasingly seeing the CPS charge directors it deems to have broken the law, often simply because they hold the title of director and should have known what was happening in their company.In one case, action was taken against the Finance Director. It is not just those involved in day-to-day operations in the yard who could be in jeopardy.Directors and officers could face a maximum sentence of life imprisonment, if found negligent in their handling of health and safety.We are also seeing fines for health and safety breaches rocket, under the 2016 HSE sentencing guidelines. May 2018’s average fine was £375,000.The forecast is cloudy for coach and bus operators who have not got their health and safety house in order, or who have unwittingly left glaring holes in their risk assessments and strategies to combat risk.Being too close to the subject matter is an issue. We sometimes fail to notice the glaringly obvious. It often takes a trained pair of eyes to view a business objectively and draw up a health and safety policy and recommended actions.Having a specialist in the industry do this is hugely advantageous.While insurance would not pay your fines, Directors and Officers insurance can help cover the costs of a defence, to try to prevent a guilty verdict by pleading mitigating circumstances or highlighting a positive safety culture.Such cover is becoming harder to buy, but with our extensive network of insurers, Gauntlet Risk Management can probably find you protection. It’s a safety net well worth having.last_img read more


UK councils want billions in EU funding replaced after Brexit

Posted On Apr 20 2021 by

first_imgAn association of local authorities in England and Wales called on the British government to replace billions of pounds in European Union funding after the U.K. leaves the bloc.In a report released Friday, the Local Government Association said about £8.4 billion in regional aid had been allocated for 2014-2020 through European structural and investment funds.The group called on the U.K. Treasury to replace any funds that are lost as a result of Brexit in 2019. “Councils have used EU funds to help new businesses start up, create thousands of new jobs, roll out broadband and build new roads and bridges,” the report stated. Also On POLITICO Both sides want to speed up Brexit talks by meeting more frequently By Charlie Cooper, Quentin Ariès and Maïa de La Baumelast_img read more


Army Ranger and Medal of Honor recipient Gary Littrell will be honored at Coke Zero Sugar 400

Posted On Mar 2 2021 by

first_imgPresident Richard Nixon awarded then-Sergeant First Class Gary Littrell the Medal of Honor on Oct. 15, 1973 for his distinctive service in the Vietnam War. Littrell will be honored again the weekend of the Coke Zero Sugar 400 on July 7th at Daytona International Speedway.As part of the NASCAR Salutes Refreshed by Coca-Cola program, three servicemembers who received the nation’s highest military commendation will be honored at Daytona. All three men served in the United States Army.MORE: Honoring Leroy Petry | Honoring Don JenkinsOriginally from Henderson County, Kentucky, Littrell knew at the age of 9 he wanted to serve in the United States Armed Forces, he said in interviews for the book and video series “Medal of Honor: Portraits of Valor Beyond the call of Duty.”Littrell now is 73 and still active in visiting troops stationed around the world. He is one of 3,501 Medal of Honor recipients, 72 of whom are living.His actions under fire in the Kontum Province of South Vietnam, Littrell also was inducted into the Ranger Hall of Fame, dedicated solely to extraordinary U.S. Army Rangers. Sergeant First Class Littrell was a Light Weapons Infantry Advisor with the 23rd Battallion, 2nd Ranger Group and under intense mortar attack from April 4 to April 8, 1970.Littrell said he thanks God he didn’t take him during the four-day battle. “When I think about the Medal of Honor, I realize that I’m wearing this medal for the 400 and some people that died those 4 days. I’m their representative. They won this medal. I was selected to wear it for them.”RELATED: Littrell interview as part of the “Medal of Honor” series“Recognizing Medal of Honor recipients is one of the most important traditions we have at Daytona International Speedway,” said speedway President Chip Wile. “This recognition is rooted in our facility’s history, while also being embedded in the values all Americans hold dear. It is a true privilege to have these American heroes join us for our race weekend.” | Coke Zero 400 ticketsRead Command Sergeant Major Gary Littrell’s official Medal of Honor citation:For conspicuous gallantry and intrepidity in action at the risk of his life above and beyond the call of duty. Sfc. Littrell, U.S. Military Assistance Command, Vietnam, Advisory Team 21, distinguished himself while serving as a Light Weapons Infantry adviser with the 23d Battalion, 2d Ranger Group, Republic of Vietnam Army, near Dak Seang. After establishing a defensive perimeter on a hill on 4 April, the battalion was subjected to an intense enemy mortar attack which killed the Vietnamese commander, one adviser, and seriously wounded all the advisers except Sfc. Littrell. During the ensuing four days, Sfc. Littrell exhibited near superhuman endurance as he singlehandedly bolstered the besieged battalion. Repeatedly abandoning positions of relative safety, he directed artillery and air support by day and marked the unit’s location by night, despite the heavy, concentrated enemy fire. His dauntless will instilled in the men of the 23d Battalion a deep desire to resist. Assault after assault was repulsed as the battalion responded to the extraordinary leadership and personal example exhibited by Sfc. Littrell as he continuously moved to those points most seriously threatened by the enemy, redistributed ammunition, strengthened faltering defenses, cared for the wounded, and shouted encouragement to the Vietnamese in their own language. When the beleaguered battalion was finally ordered to withdraw, numerous ambushes were encountered. Sfc. Littrell repeatedly prevented widespread disorder by directing air strikes to within 50 meters of their position. Through his indomitable courage and complete disregard for his safety, he averted excessive loss of life and injury to the members of the battalion. The sustained extraordinary courage and selflessness displayed by Sfc. Littrell over an extended period of time were in keeping with the highest traditions of the military service and reflect great credit on him and the U.S. Army.MORE: NASCAR Salutes military spouseslast_img read more


If Kurt Busch wants Rolex 24 or Indy ride, Ganassi says it’s ‘on the table’

Posted On Mar 2 2021 by

first_imgThe opportunities appear to be endless for Kurt Busch following his official move to Chip Ganassi Racing’s Monster Energy NASCAR Cup Series program.After five years with Stewart-Haas Racing, Busch will drive the No. 1 Chevrolet, bringing sponsorship from Monster Energy with him to the organization for the one-year deal.But the fresh start could bring chances to run in other forms of racing with Chip Ganassi also owning teams that compete in both IndyCar and IMSA.RELATED: Detailing Busch’s move to Ganassi | Busch’s Ganassi unveil was a monster“I think in my conversations with Kurt, all that stuff is available,” Ganassi said. “All of our cars are available to all of our drivers. So, I think it’s a matter of if the opportunity presents itself.”Both Ganassi and Busch treaded lightly while discussing what the future holds beyond 2019, whether it’s a contract extension in NASCAR, other racing endeavors, or both.“It’s more than just me saying, ‘Hey, let’s do it’ and him saying, ‘Yeah, let’s do it,’ ” Ganassi added. “The important point is those things are available for conversation.”What could certainly help Busch’s cause to drive another Indianapolis 500 or Rolex 24 at Daytona under the Ganassi banner is his previous experience.Busch participated in the Rolex 24 in 2005 and ’08, finishing third in the latter event. In 2014, the now 40-year-old competed in the Indianapolis 500 for Andretti Autosport, finishing sixth in his maiden IndyCar Series voyage after starting 12th.“It’s not often you have a guy that has the experience to do that, like at Indy and in an IndyCar,” Ganassi said. “It’s certainly on the table, if need be.”While seeing Busch in a sports car at Daytona or an open-wheel car at Indy seems more like a potential reality than a farfetched fantasy, right now he’s focused on putting the No. 1 Camaro back in Victory Lane and bringing home a second career championship.“Anytime you get an opportunity like this … you don’t know what’s around the next corner as far as motivation and challenges,” Busch said. “So, for right now, I see it all in and we’ll see how it goes from there.”last_img read more


Libyans Rally in Support of U.S. in Benghazi With Signs Saying ‘We’re Sorry’

Posted On Feb 27 2021 by

first_imgAddThis Sharing ButtonsShare to FacebookFacebookFacebookShare to TwitterTwitterTwitterShare to EmailEmailEmailShare to RedditRedditRedditShare to MoreAddThisMoreLibyans held a pro-America rally last night expressing regret and shame for the attacks on the American embassy that resulted in the deaths of U.S. Ambassador Chris Stevens and 3 others.A CBS reporter on the scene said there is a sense of shock and anger toward those responsible for the crimes.“When you talk to Libyans here you hear the same thing: Everybody is heartbroken. They’re saddened, they’re shocked by what’s happened,” D’Agata told Norah O’Donnell and Charlie Rose. “They say the ambassador is a personal friend to the Libyans.” See more inspiring photos on the image site: imgur.com.(READ the story in from CBS News)AddThis Sharing ButtonsShare to FacebookFacebookFacebookShare to TwitterTwitterTwitterShare to EmailEmailEmailShare to RedditRedditRedditShare to MoreAddThisMorelast_img read more


On appoints Richard Burney as new UK Sales Director

Posted On Dec 31 2020 by

first_imgUp and coming run shoe brand On has appointed Richard Burney as its UK Sales Director. The Swiss running shoe company On has gone from strength to strength in the UK market, with the number of retailers stocking the brand reportedly doubling in the last year. With increased demand for the On brand, the Swiss-based company saw the need for a dedicated UK-based team.Richard Burney comes with a wealth of experience in the running industry and is seen to be well placed to drive the brand forward in the UK. His previous roles include, specialist retail store management, technical representative and specialist account manager at Adidas – where he delivered year-on-year growth in the specialist running retail base, before moving on to establishing Adidas’ new-to-market cycle range in 2013.Prior to his tenure with Adidas he worked for Sweatshop, managing stores, ‘experiencing things from the coalface of retail’.Richard will work closely with European Head of Sales, Christian Bahr and UK Tech Rep, Tierney Maude, who have been instrumental in the UK growth thus far. This is seen as the first step towards establishing a first-class team in the UK to push the brand further and support retailers through dedicated training, sales and event support. On is actively looking to expand its sales team with additional Sales and Tech Reps in 2014.European Head of Sales, Christian Bahr said “When On first entered the UK market, it did so using distributor, Fit Brands, who positioned the brand well within specialist running stores. With clear demand for the shoes, we decided that setting up a UK-based sales team would benefit the brand and our partners.“This model already works well in Switzerland, Germany and the USA. Our goal is to work directly with all our partners, providing a first-class service and to set up a powerful selective distribution.”Christian continued, “Our goal for the next three years is to set up a strong UK team. We want to position On as one of the top five premium performance running brands in the UK and Richard – with his wealth of experience – is key to this.” On is following a strategy of selective distribution, which has positioned the brand well with specialist retailers and as a premium brand. Retailers are reportedly seeing the commercial benefits of this strategy and consumers ‘are enjoying a completely unique and fun running experience.’On’s goal is to provide retailers with the best service possible and a partnership to help increase sales for retailers. As the company points out, ‘It is customer focused and offers an attentive, proactive and agile partnership at all levels, be it Sales and Tech, our Customer Service Team, or our marketing personnel.’On also notes that this approach to distribution ‘is set against a backdrop of the many efficiency driven brands who are increasingly distancing themselves from their customers.’Richard said “I am excited to be working with such an innovative and different brand. Its unique approach and compelling story around founder Olivier Bernhard and the technology makes a great story and specialist retailers can enjoy retelling this to their customers.“It is only brands with stories like these that can create a buzz around the product, and also for the stores of our retail partners. Consumers don’t only get a specialist service from the retailer, but also a specialist product offering not otherwise available in more general sports retail.”He continued “The Cloud Technology is a hugely important point of difference both visually and functionally. The market has lots of great brands with great shoes but which are widely available in all retail channels, and are mostly all offering a variation on the same theme. On shoes not only bring a retailer’s shoe wall to life with a truly unique design and construction, but also provide a running experience unlike any other out there in the market.”The 2014 On Collection further extends to the Cloudster (for fun running), the Cloudrunner for endurance and mountain running and the Cloudracer for competitive events. A completely new shoe is due to be launched in the next month in the UK.Ons are available at over 1000 specialist running stores around the world and are worn by 5 world champions such as the current Ironman World Champion, Frederik Van Lierde and London 2012 Olympic Gold Medallist in triathlon, Nicola Spirig.www.on-running.com Relatedlast_img read more