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Thor Equities unloads UK logistics portfolio for $415M

first_imgMessage* Thor, in partnership with Morgan Stanley, acquired the total 2.1 million-square-foot portfolio in December 2019 for about £241 million, or about $330 million, according to IPE Real Assets.Tenants in the portfolio include DHL, British Gas, Clipper Logistics, Sainsburys, Beko and DSV. The property is fully occupied except for the Magna Park location, a property which Thor says is generating interest from prospective tenants.The sale takes advantage of the hot industrial market as logistics companies and internet retailers such as Amazon seek warehouse assets to get online orders into customers’ hands ever faster. The proceeds may also help Thor deal with pressure from the struggles of other real estate sectors, such as brick-and-mortar retail.Fueled by the rising popularity of online shopping, industrial real estate has been one of a few bright spots in the pandemic-ravaged market. Thor, which has been having a tough time with its retail holdings, also benefited from the logistics boom by leasing Amazon 312,000 square feet at a Red Hook, Brooklyn, warehouse.Contact Akiko Matsuda Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Thor Equities’ Joseph Sitt (iStock)Joseph Sitt’s Thor Equities sold its logistics portfolio in the United Kingdom for £303 million, or about $415 million. The sale price appears to be about $85 million more than what Thor paid less than two years ago.The portfolio consists of seven warehouses in the Daventry International Rail Freight Terminal (DIRFT), Daventry; Grove Park, Leicester; The Duke, Burton-on-Trent; Magna Park, Lutterworth; Warth Park, Raunds; Rye Park, Hoddesdon; and Hams Hall, Coleshill.Read moreAmazon inks deal for 312K-sf at Thor’s Red Hook warehouseThor delinquent on $105M loan at 597 FifthThor’s $150M loan on 597 Fifth heads to special servicing TagsamazonCommercial Real EstateIndustrial Real Estatewarehousescenter_img Full Name* Share via Shortlink Email Address*last_img read more

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Extell sells West 57th Street office to CBS

first_img Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Tags UPDATE: This story has been updated to include the full sale price for 121 Morgan Avenue.  Message* Email Address* Full Name* Share via Shortlink Gary Barnett’s Extell Development with the $26.7M building he sold. (500w57 via Twitter) UPDATED, Feb. 17, 2021, 1:00 p.m.: Two mid-market deals were recorded last week for a total of nearly $57.7 million in transaction volume: one in Manhattan, and one in Brooklyn, both involving familiar players.CBS Broadcasting expanded its Midtown campus while developer Steel Equities acquired its third building on the East Williamsburg-Bushwick border.Here are more details of investment deals between $10 million and $30 million for the week ending Feb. 5.1. Gary Barnett’s Extell Development sold a 24,000-square-foot office building at 500 West 57th Street in Midtown West for $26.7 million to CBS Broadcasting. Extell acquired the building in 2017 for $19 million.ADVERTISEMENTCBS said it will use the building to support its existing operations; the sale expands the broadcaster’s 1 million-square-foot footprint on West 57th Street. The building was previously leased to an in-patient drug-rehabilitation facility, which now appears to be permanently closed.2. Steel Equities acquired a 44,600-square-foot warehouse at 121 Morgan Avenue in East Williamsburg for $31 million, according to a source with knowledge of the deal. Joseph Tabak’s Princeton Realty and Joseph Brunner and Abe Mandel’s Bruman Realty owned the property in a 50-50 partnership. Princeton is retaining a 50 percent stake in the building as a part of the sale, the source said. A previous foreclosure lawsuit at the property was settled in January.The building is Steel’s third acquisition in the neighborhood, near its others at 375 and 333 Johnson Avenue. The latter, which Steel purchased in 2018 for $53 million, was leased by Netflix and will contain six soundstages.Contact Orion Jones brooklynExtell DevelopmentInvestment Salesmidtown manhattanlast_img read more

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Socialite relists UES co-op for $45M

first_img Full Name* The pricey pad has been on and off the market for several years. The third-floor unit overlooks Central Park and features 12-foot ceilings and a fireplace.Contact Cordilia James Brown Harris StevensLuxury Listings NYCLuxury Real EstateResidential Real Estate Email Address* Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Message* 4 East 66th Street and Shafi Roepers (Google Maps, Jamie McCarthy/WireImage)Socialite Shafi Roepers has relisted her 7,000-square-foot Upper East Side co-op with another price chop.Roepers is now asking $45 million for the unit at 4 East 66th Street. That’s $20 million less than she had sought in 2015, when it first hit the market. It was last priced at $55 million in 2017.While the listing price has dropped, the monthly maintenance fee on the full-floor unit has jumped. Maintenance is now $20,770, up from $17,987 in spring 2017, when Sotheby’s International Realty had the listing. Brown Harris Stevens took over the assignment later that year, and Mary Fitzgibbons and Chris Poore are the current listing agents. They declined to comment.ADVERTISEMENTRoepers is the ex-wife of Alexander Roepers, who founded Atlantic Investments Group.She paid $15.75 million for the five-bedroom, eight-bathroom unit in 2013 as part of the couple’s divorce, the Observer reported. Two years later, she listed it for $65 million after the unit was renovated by the “leather daddy of luxury” Peter Marino, who has designed stores for retailers for Louis Vuitton and Christian Dior.Read moreSocialite’s co-op at 4 East 66th Street hits the market for $65MSocialite re-lists UES co-op for $65MMeryl Streep’s former West Village home sells for half of original ask Tags Share via Shortlinklast_img read more

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Gloria Gaynor lists longtime suburban NJ home

first_img Share via Shortlink Tags Celebrity Real EstateNew Jersey Gloria Gaynor (Getty, Douglas Elliman)Gloria Gaynor is saying goodbye to her longtime suburban New Jersey home.The Newark-born singer, best known for the megahit “I Will Survive,” is asking $1.25 million for the 5,318-square-foot in Green Brook, according to the New York Times.She previously put it on the market in 2019 and then again at the beginning of the Covid-19 pandemic. The housing market has picked back up in the past year.The home was built in 1988 by its architect, Jeffrey Beer. Gaynor and her former husband Linwood Simon bought the property in 1998, according to the publication.Gaynor said that over the years she has renovated the kitchen and bathrooms and finished the walkout basement. It has five bedrooms, four full bathrooms, and two half bathrooms.ADVERTISEMENTThe front entrance leads to a two-story octagonal foyer with marble floors. Off the foyer, there’s a master suite with a walk-in closet, sunroom and sitting room. The large sunken living room features a marble fireplace, and there’s a formal dining area.Gaynor said she regularly hosted parties at the house and — fittingly, for a disco queen — built a stage for dancing in front of the pool.Gaynor is now selling the property following health issues that have made its layout challenging for her, per the report. She’s currently building a house in Englewood Cliffs and plans to move in early next year.[NYT] — Dennis Lynch  Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlinklast_img read more

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In situ measurements of transionospheric VLF wave injection

first_imgVLF waves at 3.85 kHz from the Siple, Antarctica, transmitter were continuously measured by electric and magnetic receivers on a sounding rocket as the waves propagated through the neutral atmosphere and into the ionosphere. The change from linear to circular polarization was clearly observed along with severe attenuation of the VLF signal in the D region. Interferometric measurements established the index of refraction and provided an independent calibration of the rocket‐borne receivers. An upper bound on the VLF power radiated is estimated to be 1.7×10³ W during a period when the antenna was driven at 115×10³ W. The power estimated to be entering the ionosphere is between 3 W and 12 W and depends on assumptions concerning the geometrical distribution of wave power.last_img read more

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A suggested model for the IRI plasmapheric distribution

first_imgA model has been constructed which grafts IRI topside profiles to field-aligned diffusive equilibrium profiles at a “reference level” near 650 km altitude. For different values of geographic latitude, longitude, sunspot number, season and time, the properties of the plasma distribution in the equatorial plane are investigated. These are compared with observations made by satellite (particularly GEOS and ISEE) and also with deductions made from whistler observations.last_img

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Seasonal variation in the effects of hard substratum biofilming on settlement of marine invertebrate larvae

first_imgThe effect of season on “biofilming”;, as a cue for the settlement of marine invertebrate larvae, was investigated in a long‐term field study during the years 1992–1994. The series of settlement experiments was conducted in a tidal rapid on the west coast of Scotland, and involved manipulations of artificial panels. Biofilming of substrata, whilst excluding larval settlement, was achieved by the enclosure of panels within tight‐fitting (but removable) mesh screens so that the number of settlers on filmed and unfilmed substrata were counted in the initial absence of other incumbent post‐larvae. Depending on larval species, the effects of biofilming were found to be either facilitatory or inhibitory. Significant within‐ and between‐species seasonal differences in the settlement responses were detected, and a reversal of the effect of biofilming on larval settlement response, from inhibitory to facilitatory and vice versa, was noted with season in the case of some taxonomic groups and species (e.g. Tubulipora sp., Plagioecia sp., Electra pilosa (L.)). The present study emphasizes the need for extended field studies of larval responses to environmental cues, when the focus of interest is in drawing general inferences about naturally occurring behavioural patterns at settlement.last_img read more

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Krill fishing in the Scotia Sea in relation to bathymetry, including the detailed distribution around South Georgia

first_imgAnalyses of the distribution of krill fishing based on fine-scale (0.5″ latitude x1″ longitude) data show that harvesting in the Scotia Sea has been mainly in shelf andshelf-break areas on the northern side of the Scotia Arc. Regional analyses reveal thattliere are restricted parts of shelf and shelf-break areas where high catches have beenobtained. Altliough these data give a general idea of where the fishery has operated,they do not reveal the localised nature of the fishing operation. Over the last threewinter fishing seasons (1993 to 1995) individual trawl statistics have been recorded inthe South Georgia area. Analyses of these data show marked interannual variability inthe distribution of trawls. The data for 1993 were only available from August but thefishery was restricted in that period to an area on the western edge of the shelf breakwhere negligible fishing occurred in the following two seasons. In 1994 the fishery wasalmost totally based over a large shallow bank area on the northeast shelf edge. During1995 the fishery was still predominantly in this area but also operated further west 011 arange of banks associated with submarine valleys. The results are discussed in relationto the ecology of krill and the fishery’s interaction with local predator colonieslast_img read more

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The Polonez Cove Formation of King George Island, Antarctica: stratigraphy, facies and implications for mid-Cenozoic cryosphere development

first_imgThe middle to late Oligocene Polonez Cove Formation, exposed on south-eastern King George Island, South Shetland Islands, provides rare evidence of mid-Cenozoic West Antarctic cryosphere evolution. A revised lithostratigraphy and facies analysis and a review of the palaeoenvironmental significance of the formation are presented here. The diamictite-dominated basal member of the formation (Krakowiak Glacier Member) records the presence and retreat of marine-based ice on a shallow continental shelf. Five overlying members are recognized. These consist of basaltic-sourced sedimentary rocks and lavas and represent a variety of shoreface and shallow continental shelf environments in an active volcanic setting. These units contain diverse reworked and ice-rafted exotic clasts that become sparse towards the top of the formation, suggesting a continuing but waning glacial influence. New 40Ar/39Ar dates from interbedded lava flows indicate a late Oligocene age (25·6–27·2 Ma) for the Polonez Cove Formation, but are slightly younger than skeletal carbonate Sr-isotope ages obtained previously (28·5–29·8 Ma). There is evidence for wet-based subice conditions at the base of the Polonez Cove Formation, but no sedimentary facies to suggest substantial meltwater. This may reflect a subpolar setting or may result from lack of preservation or a high-energy depositional environment. A northern Antarctic Peninsula/South Shetland Islands provenance is probable for most non-basaltic clasts, but certain lithologies with possible origins in the Transantarctic and Ellsworth Mountains also occur sparsely throughout the formation. There is evidence to suggest that the presence of such far-travelled clasts within subglacially deposited facies at the base of the formation reflects the advance of a local ice cap across marine sediments containing the clasts as ice-rafted material. The presence of these clasts suggests that extensive marine-based ice drained into the southern Weddell Sea region and that a strong Weddell Sea surface current operated both before and during deposition of the Polonez Cove Formation.last_img read more

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Geophysical Validation of SCIAMACHY NO2 Vertical Columns: Overview of Early 2004 Results.

first_imgFollowing the recommendations drawn after the Commissioning Phase of the ENVISAT satellite in 2002, SCIAMACHY near real time data processors were upgraded to version 5.01 in early 2004. Before public release of the new SCIAMACHY nitrogen dioxide (NO2) vertical column data product, several validation teams investigated its improvement and assessed its geophysical consistency by means of correlative studies involving NDSC-affiliated groundbased networks of DOAS UV-visible and FTIR spectrometers and the ERS-2 GOME satellite. In parallel, preliminary SCIAMACHY NO2 column data products generated by research processors under development at scientific institutes were also tested, using the same correlative data and validation procedures. Digesting the results obtained by a list of validation teams and SCIAMACHY data processing teams, this overview paper draws a preliminary quality assessment of the SCIAMACHY NO2 column data sets available in spring 2004.last_img read more

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