After 2-year drought, 425 Park Ave snags new tenant

first_img425 Park Avenue and L&L’s David Levinson (Photos via 425 Park Ave, L&L)An office building that saw leasing pause well before the pandemic may finally be turning a corner.Hellman & Friedman has recently signed a 15-year, 27,800 square-foot lease at 425 Park Avenue, developed by L&L Holding Company, the New York Post reported. The private equity firm plans to move from its current location at Lever House, just a few blocks away at 390 Park Avenue, later this year.The Hellman & Friedman deal ends the drought of new leases signed at the 47-story 425 Park Avenue. You have to go all the way back to January 2019 for the last deal inked: Ken Griffin’s Citadel, which added 124,000 square feet to its existing lease. The hedge fund, which is the building’s anchor tenant, reportedly agreed to pay $300 per square foot for the top two floors and $200 per square foot for the other 14 floors.ADVERTISEMENTL&L’s David W. Levinson told the Post earlier this year that he had “adjusted” lofty rents at 425 Park in the pandemic-driven downturn.Though the $1 billion project — developed by L&L in partnership with Tokyu Land Corp, along with co-managing partner BentallGreenOak — was beset by delays, it’s now close to completion.In 2019, the ground underneath the building sold to a joint venture between iStar-managed REIT Safehold and an unnamed sovereign wealth fund for $620 million. [NYP] — Akiko MatsudaRead moreCitadel Securities expands nearby lease while waiting on 425 ParkiStar-managed REIT signs $620M contract to buy ground lease at L&L’s 425 ParkWith big lease expansion, Citadel kills rumors it’s spooked by 425 Park delays Full Name* Email Address* Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Tags Share via Shortlink Contact Akiko Matsuda Message* Commercial Real EstateL&L Holding Companymidtown office marketOffice Leasinglast_img read more

Road Closure Notice for Capital City Marathon

first_imgSubmitted by The City of OlympiaThe annual Capital City Marathon is this Sunday, May 18. The course is the same as prior years, with one new road closure for participant safety described below. The full and half marathons and the five mile run will start and stop at Sylvester Park in downtown Olympia. About 1,800 runners are expected. Course and time information is posted on the Marathon’s website: Closures: This year Eastside Street at 18th Avenue and at 22nd at Boundary will be closed for runner safety. Both north and south bound traffic will be detoured around the curve through the Boundary and 18th neighborhoods. The detour will go into effect at around 8:00 am Sunday morning and will last 2 – 3 hours. Access to Eastside Street from 20th Avenue by Legion Park will also be closed.Other streets closed during the event are Capitol Way from Union to Legion, and Washington Street from 7th to B Street.Traffic may also be briefly halted along the course to allow runners to safely cross intersections.For questions about the Capital City Marathon, contact the event coordinator: [email protected] Facebook99Tweet0Pin0last_img read more

2010: another major hurdle cleared

first_img29 April 2009Take a bow, South Africa. Four free and fair democratic elections on the trot, and the country has cleared another significant hurdle en route to hosting the 2010 Fifa World Cup.A gruelling election campaign marred frequently by signs of political instability over the Jacob Zuma corruption trial has clearly affected the psyche of the nation, which now needs to regroup in order to ensure that the final preparations for the world’s biggest single-code sporting event go according to plan. About a year before the 2006 World Cup, Germans were convinced that the tournament would be a failure. There were serious divisions in that society, and it took the launch of a major initiative to unite the country.Government, big business and citizens united behind a holistic brand campaign which improved the economy, attracted international investment and produced a spectacular tournament.It’s safe to say that South Africa is in a similar position to Germany was at this stage in its preparations, albeit for different reasons. Nevertheless, after months of discord and uncertainty, it can now look forward to a period of stability.Zuma is keenly aware of the divisions the split in the ruling African National Congress has caused. As a result, he has reassured South Africans that his party will unify the country.As the incoming President, one of the immediate challenges he faces is resolving disputes over the Bus Rapid Transit system. The first phase of the system was due to kick off in Johannesburg ahead of the Confederations Cup, but the initiative has been rejected by many taxi drivers, who believe their jobs and income are now threatened.Nevertheless, Zuma has built a relationship with them, and he says he is looking forward to resolving any outstanding issues.Thanks to years of hard work by numerous role-players, many of the other key 2010 challenges – particularly the stadium construction projects – are well on target. Nevertheless, the next few months will be crucial for this country’s 2010 preparations.The Confederations Cup – a key curtainraiser for 2010 – needs to provide the spark for a wave of patriotism that will once again see the rainbow nation uniting for a crucial cause.At the end of the day, when the history of the 2010 Fifa World Cup is written, Nelson Mandela will be remembered for the pivotal role he played in securing South Africa the rights to host the event, Thabo Mbeki for delivering on many of the formidable commitments made to Fifa – and Jacob Zuma for presiding over Africa’s first World Cup.Urquhart is a former Fifa World Cup media officer and the current editor of Project 2010last_img read more

WOTUS Repeal Challenged

first_imgShare Facebook Twitter Google + LinkedIn Pinterest By Todd NeeleyDTN Staff ReporterOMAHA (DTN) — The agriculture industry celebrated the 2015 waters of the United States, or WOTUS, rule repeal that EPA finalized in recent weeks. But an attorney with the Pacific Legal Foundation and an official with a major agriculture group said farmers and ranchers still face regulation under the Clean Water Act.On Oct. 22, 2019, the EPA and the U.S. Army Corps of Engineers finalized the repeal of the Obama-era rule that agriculture and other industry groups and states had fought in court for years.The repeal reverts regulations to the 1986 version of WOTUS while the EPA continues to rewrite the definition. The 2015 rule was opposed by critics as an example of gross federal overreach, yet the 1986 rule also had its share of concerns.“The 1986 regulations re-imposed by EPA this month are broader than the 2015 regulations the agency just repealed,” said Tony Francois, senior attorney with the Pacific Legal Foundation.Francois is the lead attorney in a lawsuit filed by the New Mexico Cattle Growers Association on Oct. 22, 2019. The lawsuit in the U.S. District Court for the District of New Mexico attempts to protect ranchers from what Francois said is a broader WOTUS definition under the 1986 rule.“The 1986 version asserts control over all non-navigable tributaries and all ‘neighboring’ non-navigable wetlands,” he said. “The 2015 version merely asserts control over most of these features.”Don Parrish, senior director of regulatory relations for the American Farm Bureau Federation, said the next year will be important for agriculture when it comes to supporting EPA’s current efforts to rewrite the rule.“The pre-2015 regs are problematic,” he said. “They are expansive and lack the clarity we are hopeful the new regs will provide. We have two major goals — killing the 2015 rules so they will never come back and a new rule that provides significantly more clarity than the ’86 regs. To ensure we achieve both goals, we understand that we will have to go back to something before EPA finishes the new regs. If the process goes as we expect and hope, both the 2015 and the ’86 regs and guidance will be history soon.”Parrish said the main concern is, if the EPA’s repeal rule doesn’t hold up in court, it has the potential to bring the 2015 rule back from the dead.THE LATEST LAWSUITSA number of environmental and conservation groups filed a lawsuit in the U.S. District Court for the District of South Carolina on Oct. 23, 2019. That lawsuit is led by the South Carolina Coastal Conservation League, Natural Resources Defense Council, National Wildlife Federation and others.What is most problematic for agriculture with this lawsuit, Parrish said, is, if the court rules the agency should have promulgated the 1986 rule again instead of just reverting back to it, the 2015 rule could go back into effect until EPA completes the rewrite of the new rule.The lawsuit claims the federal agencies violated the Administrative Procedure Act in promulgating the repeal rule and merely reverting back to the 1986 rule instead of re-introducing it for public comment.The groups argue the 2015 WOTUS rule fixed a number of issues with the 1986 rule. That includes protecting waters that are not navigable in fact through the so-called “significant nexus” test put forward by Supreme Court Justice Anthony Kennedy. That suggested the Clean Water Act protects smaller tributaries if they have some connection to larger navigable waters.“The manner in which the repeal has been carried out — in essence, by executive fiat — betrays an extraordinary disregard for federal rulemaking requirements and the views of the American public,” the groups argue.“The final repeal rule also reinstates an illegal regime — the regulations that pre-dated the Clean Water Rule as limited by guidance that runs contrary to Supreme Court precedent, unlawfully leaving certain waters of the United States unprotected due to the guidance’s unduly narrow interpretation of Justice Kennedy’s significant-nexus test.”The New Mexico Cattle Growers Association’s lawsuit seeks protection from the 1986 rule.Francois argues farmers and ranchers in New Mexico are likely to see an expansion in the number of federal permits required while federal agencies conduct the current WOTUS rewrite.“This will require them to seek federal permit approval at significant cost to use their property for its intended purpose,” the lawsuit said. “Or it will require (the) plaintiff’s members to seek a determination from the Army or a private party expert whether the 1986 regulations and related guidance apply to them.“Because of the 1986 regulations’ overbroad and illegal definition of the ‘navigable waters’ under the Clean Water Act, (the) plaintiff’s members will now be required to obtain federal approval of new and ongoing land-use projects at a cost of tens to hundreds of thousands of dollars and months, if not years, of delay.”The lawsuit raises a number of jurisdictional concerns about the scope of the 1986 rule. The cattle group said the rule categorically regulates “all tributaries,” broadly includes all wetlands defined to be adjacent to any tributary and regulates all interstate waters “regardless of navigability or connection to navigable-in-fact waters.”The lawsuit said such waters include isolated waters or waters that the “Supreme Court determined would have no connection or effect on navigable-in-fact waters.”The New Mexico Cattle Growers Association argued in lawsuit that the 1986 rule is arbitrary and capricious and “undermines state power” to regulate waters.CONTINUED BATTLESThe Pacific Legal Foundation has represented several landowners in court who have fought the federal government’s implementation of the Clean Water Act.Francois said all of those cases have challenged the implementation of the 1986 rules.“Meanwhile, our clients are exposed to expanded Clean Water Act control under the 1986 regulations, which can be enforced through citizen suits and government enforcement suits years later, even after the regulations change,” he said.“Our clients cannot simply stand by while exposed to this kind of liability, as though they owe some sort of courtesy to the government in the ongoing political debate about the scope of the Clean Water Act.”Francois said the new definition currently being drafted proposes the continued regulation of intermittent drainages and many seasonal ponds on private farms and ranches while doing nothing to reform the interpretation of the farming exemption.Portions of the 1986 version of the law were ruled unconstitutional by the U.S. Supreme Court in Rapanos v. United States in 2006, Francois said.“So, for however long they are in effect, the newly re-imposed 1986 regulations will illegally assert the United States Army’s regulatory authority over intermittent and ephemeral drainages and seasonal ponds on farms and ranches all over the country,” he said.In particular, Francois said, the 1986 law allows the federal agencies to “narrowly” interpret an exclusion for farming activities that Congress included in the Clean Water Act.“This broadens the category of activities on private farms and ranches that would require dredge and fill permits, including — more often than most farmers realize — plowing and other tillage,” he said.“Dredge and fill permits require, on average, more than two years and more than $250,000 to obtain. The nation that requires its farmers to wait two years for permission from the Army before growing food will not eat well. So there is every reason to legally challenge EPA and the Army whenever they illegally attempt to assert control over farming operations on private property.”Francois said because environmental groups likely will sue to stop the new rule once it’s finalized, it remains uncertain how long farmers and ranchers would fall under the auspices of the 1986 definition or even the 2015 rule.“They (environmentalists) have a decent track record of obtaining injunctions against President Trump’s deregulatory efforts,” he said. “So, nobody really has any idea yet how long the illegal 1986 regulations will be in effect if left unchallenged.”Todd Neeley can be reached at [email protected] him on Twitter @toddneeleyDTN(AG/CZ )© Copyright 2019 DTN/The Progressive Farmer. All rights reserved.last_img read more

Kath Arado sees bright future in ‘unique’ rookie libero Jennifer Nierva

first_imgArado added that Nierva is incomparable to the other liberos she’s faced and that the rookie Lady Bulldog has a style of her own.“She has this unique movement in her,” said Arado. “She has a unique style that’s her own and she’s not imitating anybody because that’s her own technique. No one should be ever compared to her.”“She has her own style and it amazes me when I watch her. That’s hers and she worked hard for that.”Sports Related Videospowered by AdSparcRead Next Arado, however, is also someone who is ready to praise defensive prowess when she sees it and National University rookie Jennifer Nierva has definitely caught her attention.READ: UE star Kath Arado confident change has come for UE Lady WarriorsFEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSPalace wants Cayetano’s PHISGOC Foundation probed over corruption chargesSPORTSSingapore latest to raise issue on SEA Games food, logisticsNierva and Arado faced each other for the second time this season with the Lady Warriors taking the four-set win, 25-16, 25-18, 24-26, 25-16, Wednesday at Filoil Flying V Center.“That kid is amazing, that’s all I can say about her,” said Arado in Filipino. “She’s that great. She’s in her first year here and she’s already this good because she can lift her team up. I can already see her future and she’s really incredible.” Wintry storm delivers US travel woes before Thanksgiving LATEST STORIES Google Philippines names new country director Trump tells impeachment jokes at annual turkey pardon event MOST READ Don’t miss out on the latest news and information. Kath Arado. Photo by Tristan Tamayo/“She’s restless in chasing the ball, so she really did a good job earlier.”Nierva, based on numbers alone, had a better outing than Arado, posting 30 excellent digs and 28 successful receptions.Arado, on the other side of the floor, finished with 32 excellent sets and 13 successful receptions.READ: After breakthrough wins, Nierva confident Lady Bulldogs can play better in 2nd roundThe two teams, however, are just level based on win-loss records at 2-6, tied for the sixth spot in the standings.ADVERTISEMENT Colombia protesters vow new strike after talks hit snagcenter_img Miguel Romero Polo: Bamboo technology like no other SEA Games hosting troubles anger Duterte Private companies step in to help SEA Games hosting Metta World Peace gets another technical foul—this time at NBTC National finals Bloomberg: US would benefit from more, not fewer, immigrants NU libero Jennifer Nierva. Photo by Tristan Tamayo/INQUIRER.netMANILA, Philippines—Kath Arado is considered as one of the best, if not the best, defenders in the UAAP Season 81 women’s volleyball tournament.Not only does University of the East’s libero have the reputation of being an impenetrable force, Arado also has the hardware to prove it after being named the Rookie of the Year in Season 77 and winning the Best Digger award twice and the Best Receiver plum once.ADVERTISEMENT Onyok Velasco see bright future for PH boxing in Olympics PLAY LIST 00:45Onyok Velasco see bright future for PH boxing in Olympics00:50Trending Articles00:59Sports venues to be ready in time for SEA Games02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss View commentslast_img read more

Youth Olympics: 16-year-old shooter Saurabh Chaudhary bags gold

first_imgSaurabh Chaudhary won gold in the 10m air pistol at the Youth Olympic Games in Buenos Aires on Wednesday to cap off the Indian shooting contingent’s best-ever outing at the sports meet.The 16-year-old shot 244.2 to finish on top ahead of South Korea’s Sung Yunho (236.7) and Switzerland’s Solari Jason (215.6), who bagged silver and bronze respectively.Chaudhary had 18 scores of 10 and above in the eight-man finals.Chaudhary, an Asian Games and Junior ISSF World Championship gold medallist, also topped the qualifying with 580.Hailing from Kalina village near Meerut, Chaudhary led from start to finish to emerge winner, a day after another 16-year-old, Manu Bhaker, won the women’s pistol event.Despite four scores of under 10 to start with, Chaudhary managed to stay ahead and then extended his domination with scores of 10.7 10.4 10.4 and 10.0.He continued to lead the pack as the finals entered the elimination stage.Chaudhary led at the end of stage 1 despite shooting under 10 in four attempts. While a high 10.8 was his best in the first series, in the second series of first stage he had four scores of 10 and above, including a 10.7, which placed him way ahead of the rest of the pack.This despite an equally impressive series of 10.0 10.7 10.2 and 10.1 by Switzerland’s Solari Jason.An 8.5 saw the Swiss being pipped by Korea’s Sung Yunho, even as the Indian continued to produce excellent scores.Saurabh had two slow starts in the day, the first in qualifying when he was briefly placed 11th in the 20-man field before stamping his class with a solid 580 over 60 shots to top the standings.advertisementThen he began slowly in the finals, but then literally decimated the field, opening up leads of 0.8 after five shots, 2.9 after 10 shots, a full five points after the 18th shot and eventually finished with 244.2, a full 7.5 points clear of silver winning Korean Sung Yunho, who finished with 236.7.This was India’s fourth podium from shooting in four days, as the four individual shooters at the Games – Shahu Mane, Mehuli Ghosh, Many Bhaker and Chaudhary — won two gold and two silver medals between them.Chaudhary topped the qualifying with 580 ahead of Iran’s Salavati Erfan and Czech Republic’s Schejbal Pavel. The India’s sequence of scores included 97, 96, 95, 100, 95, 97.The teen sensation entered the event on the back of a blazing run.The Asiad gold medallist created a new junior world record to clinch the air pistol junior men gold in the 52nd ISSF Shooting World Championship in Changwon last month.Before his exploits in Korea, Chaudhary became only the fifth Indian shooter to claim a gold in the Asian Games history, beating a field of multiple world and Olympic champions in the 10m air pistol finals.(With inputs from PTI)last_img read more

10 months ago​Guendouzi lauds Arsenal striker Aubameyang as ‘Premier League’s best’

first_imgAbout the authorFreddie TaylorShare the loveHave your say ​Guendouzi lauds Arsenal striker Aubameyang as ‘Premier League’s best’by Freddie Taylor10 months agoSend to a friendShare the loveArsenal midfielder Matteo Guendouzi has admitted that he loves playing alongside teammate Pierre-Emerick Aubameyang.The youngster has made a big impression at the Emirates Stadium club this season.Arriving from Lorient at 19, he has been a star in central midfield, turning in plenty of impressive displays.But he preferred to praise his teammate in an interview with Sky Sports.”He’s [Aubameyang] helping us a lot because he scores so much,” Guendouzi said. “For me he is the best striker in the Premier League this season and if he keeps scoring as much in the second half of the season, I know we will finish really high in the table.”As a midfielder it’s a pleasure to play with someone like him, it’s easy because he has so many qualities. “He can run behind, he’s in the box in front of goal but he can also link up play and play with his back to his goal. For a midfielder this is perfect because he offers so many solutions.” last_img read more

16 days agoChelsea striker Tammy Abraham: Always England for me

first_imgChelsea striker Tammy Abraham: Always England for meby Paul Vegas16 days agoSend to a friendShare the loveChelsea striker Tammy Abraham insists it was always his “dream” to play for England.He was courted by the Nigerian FA but now has his sights set on a long and successful career with England.Abraham, who qualified for Nigeria through his father, explained: “For me, it’s always nice to be wanted by two nations – it clearly means you’re doing something well.“At the back of my head, I’ve always wanted to play for England. I was born and have grown up in England.“My dream was always to play for England. I love both nations but my head was just screwed on with England.” About the authorPaul VegasShare the loveHave your saylast_img

Christophe de Margerie Arrives at Yamal LNG Terminal

first_imgImage Courtesy: DSMEChristophe de Margerie, the world’s first ice-breaking liquefied natural gas (LNG) tanker, became the first ship to dock at the Yamal LNG terminal at Russia’s port of Sabetta on March 30 after completing its ice trials.“The arrival of this new tanker, designed for Arctic conditions, is a big event in Arctic development, as is the construction of the port of Sabetta, where the tanker docked today,” Russian President Vladimir Putin said.The ARC-7 class ice-breaking vessel, which has a capacity to carry 173,600 cubic meters of LNG, was designed specifically to serve the country’s Yamal LNG project and transport LNG in the Ob Bay and Kara Sea.Capable of sailing through ice up to 2.1 meter thick, Christophe de Margerie is able to sail along the Northern Sea Route westward from Sabetta all year round and eastward for six months of the year, from July to December.Ordered under a USD 320 million shipbuilding deal in 2014, the 299-meter-long vessel was delivered by South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) to its owner, the Russian shipping company Sovcomflot, earlier in March.Christophe de Margerie is the prototype for a series of 15 gas carriers, which are planned to be constructed for the Yamal LNG project. The appearance of this particular gas carrier signalled the market debut for Yamalmax ships, a new class of vessel, according to Sovcomflot.last_img read more

Charlize Theron Joins Kweku Mandela In Conversation

first_imgCharlize Theron joined House of Mandela Family Foundation co-founder Kweku Mandela in conversation at an event on February 10 in Los Angeles to mark Nelson Mandela’s 100th birthday.Introduced by Chelsea Handler and moderated by Soledad O’Brien, the event was part of the Geffen Playhouse Unscripted Live series.“It’s an incredible honor to take part in this event and to have the chance to reflect on what an inspirational hero Nelson Mandela was,” says Charlize Theron, founder of the Charlize Theron Africa Outreach Project. “His legacy continues to inspire people from around the world to stand up for what is right, to promote equality and inclusion, and to do so with empathy, compassion, and understanding. His message is as powerful and relevant today as it ever was.”During the event, the pair talked about equal pay issues, #MeToo, and social justice.“2017 was a year of a lot of division and my hope is that 2018 will not only be the year of women, but also be the year of love, where we realize that connection is the solution,” said Mandela. “It’s something my grandfather talked about a lot, the importance of realizing what we have in common with each other rather than what makes us different.”To read a full account of the event, click here.last_img read more