Big Tech firms led office leasing in 2020

first_imgFrom left: Vornado Realty Trust’s 11 Penn Plaza and Apple’s Tim Cook, The Farley Post Office building and Facebook’s Mark Zuckerberg, Durst Organization’s One Five One and ByteDance CEO Zhang Yiming (Getty, VNO, SOM, Durst)Big Tech keeps getting bigger, and the office footprint of the companies in the sector is keeping pace.Tech firms leased more office space than any other industry last year, according to CBRE’s latest TechInsights report. In total, the tech sector took about 26 million square feet in 2020, which accounted for 17 percent of total office leases. Tech has dominated as the top sector for office leasing since 2013, according to the report.Still, leasing was down from 2019 levels — in the tech sector, by 48 percent, and throughout the nationwide office market, by 36 percent.Read moreTech deals give hope to shaky office marketApple snags more space at Vornado’s 11 Penn PlazaThe biggest new tenant in New York City is… TikTok Full Name* Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Share via Shortlink Seattle was the top location for tech firms, with 14 leases signed totaling approximately 3.4 million square feet — nearly double the next biggest market on the list, Manhattan, with 1.8 million square feet in new leases. The other major markets that rounded out the top five were Washington D.C., Atlanta and Austin. Software companies, e-commerce and firms providing business services took the most space.In Manhattan, social media companies led the pack thanks to Facebook’s 730,000-square-foot lease at the Farley Post Office building and TikTok’s 232,000-square-foot deal at the Durst Organization’s One Five One, formerly known as Four Times Square. TikTok is owned by China’s ByteDance.Other notable tech leases in Manhattan in 2020 include Apple’s sublease deals at Vornado Realty Trust’s 11 Penn Plaza. The Cupertino, California-based company initially signed a 220,000-square-foot sublease in February 2020 and added 116,000 square feet to that in November.Contact Akiko Matsuda amazonappleCommercial Real EstatefacebookManhattan Office Marketoffice market Email Address* Message* Tagslast_img read more

Shallow upper mantle rheology and secular ice-sheets fluctuations

first_imgOn time scales from decades to centuries, continental cryospheric forcing in response to climate change constitutes a major source of isostatic disequilibrium that may influence future regional sea level variations. Current vertical displacements and gravity field variations are often estimated neglecting rheological effects and thus assuming a fully elastic response of the Earth. In this study, we adopt a more general point of view, aiming at describing ongoing surface movements resulting from recent glacial instabilities, also taking into account the effects associated with shallow upper mantle and crustal rheologies. Our computations are based on the Post–Widder Laplace inversion formula, which permits the straightforward computation of load-deformation coefficients for steady state and transient rheologies up to very high harmonic degrees. Using a surface load with a simple geometry and time history, we compare the classical elastic solutions to those obtained considering the rheological response of the shallow upper mantle. While at the center of the ice sheet rheology only magnifies the elastic response, the pattern and time history of vertical displacement at the ice sheet margins show a greater complexity, mainly due to the development of lateral forebulges whose shape and amplitude are particularly sensitive to the rheology of the shallow upper mantle. In this region, assuming an elastic rheology is generally appropriate on a century time scale, but significant deviations from a purely elastic response (both sign and amplitude) are observed at longer time scales or when a low viscosity zone with Maxwell rheology is taken into account.last_img read more

Regional imprints of millennial variability during the MIS 3 period around Antarctica

first_imgThe climate of the last glacial Marine Isotopic Stage 3 (MIS3) period is characterized by strong millennial-scale variability with a succession of Dansgaard–Oeschger events first identified in Greenland ice cores and associated with variations of the Atlantic Meridional Overturning Circulation (AMOC). These abrupt events have a smooth and lagged counterpart in water stable isotopes from Antarctic ice cores. In this study we aim at depicting and understanding the circum-Antarctic expression of this millennial-scale variability. To illustrate the mechanisms potentially at work in the response of the southern high latitudes to an abrupt decrease of the AMOC, we first present results from experiments performed with the IPSL-CM4 atmosphere-ocean coupled model under glacial boundary conditions. When the AMOC is perturbed by imposing an additional freshwater flux in the North Atlantic, our model produces the classical bipolar seesaw mechanism generally invoked to explain the warming of the Southern Ocean/Antarctic region. However, this mechanism can be locally offset by faster atmospheric teleconnections originating from the tropics, even though the precise location of this fast response is not coherent among different climate models. Our model results are confronted with a synthesis of Antarctic records of ice core stable isotope and sea-salt sodium, including new data obtained on the TALDICE ice core. The IPSL-CM4 produces a dipole-like pattern around Antarctica, with warming in the Atlantic/Indian sectors contrasting with an unexpected cooling in the East-Pacific sector. The latter signal is not detected in our data synthesis. Both ice core data and simulations are consistent in depicting a more rapid response of the Atlantic sector compared to the Indian sector. This feature can be explained by the gradual impact of ocean transport on which faster atmospheric teleconnections are superimposed. Detailed investigations of the sequence of events between different proxies are conducted in three ice cores. Earlier shifts in deuterium excess and significant changes in sea-salt sodium fluxes in the most coastal sites (TALDICE and EDML) compared to EDC suggest reorganizations in local moisture sources, possibly linked with sea-ice cover. This study demonstrates the added value of circum-Antarctic ice core records to characterize the patterns and mechanisms of glacial climate variabilitylast_img read more

Tenants win £1.8k rental Brexit dividend

first_imgThere may be gloom and doom as the pressure piles on to property agencies, buyers and tenants, but there’s one good news story – tenants in London are, potentially, £1,806 better off since the vote to leave the EU in June 2016 – according to the latest Landbay Rental Index, powered by MIAC.Believe it or not, using (says Landbay) a conservative projection, rental growth in the capital is now 2.84% lower than expected back in June 2016, but this could be as high as 4.15%. This higher estimate would leave renters in London with an extra £1,806 due to subdued rental prices, or £1,217 for the mid-point.The capital’s property market, which, some say, suffered disproportionately from uncertainty since the referendum, has experienced average annual rental growth drop from 1.26% in June 2016 to a low of -0.33% June 2017, before starting a slow recovery in February 2018 (0.05%) up to 0.58% in December 2018. The rest of the UK has largely stayed in line with expectations for growth, with the drop in rental price growth being confined to London.The national pictureThe average rent grew by 0.96% in the year to December 2018. The national picture continues to be weighed down by slower growth in London (0.58%) on otherwise resilient rental growth in the rest of the UK (1.16%).Rental growth in Wales (1.57%) and Scotland (1.48%) is growing more than 55% faster than the UK (0.96%) and nearly twice the rate of growth of Northern Ireland (0.75%).On a regional level, rental growth in the East Midlands (2.19%), West Midlands (1.48%) and Yorkshire and Humberside (1.40%) continue to lead the way in terms of rental growth, while growth in the North East (0.01%) continues its downwards trend toward falling rents.John Goodall, CEO, Landbay said, “It’s hard to ignore the impact that the vote to leave the EU has had on property market in London. While tenants are better off, without necessarily realising it, uncertainty in the market has caused a conundrum for landlords.“Many landlords will have been looking to offset the Government’s punitive tax regime by raising rents, however the uncertainty surrounding Brexit has forced the vast majority to forfeit this to maintain a steady income.“Employment and immigration are the two main concerns for the housing market when considering Brexit. While nobody is any clearer about Britain’s future relationship with the EU, it’s clear the impact of a no-deal Brexit would be significant for the UK economy and property market.”London rental market Landbay tenants rental growth Brexit dividend January 15, 2019The NegotiatorWhat’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 2021 Home » News » Housing Market » Tenants win £1.8k rental Brexit dividend previous nextHousing MarketTenants win £1.8k rental Brexit dividendThere may be gloom and doom with property agencies, buyers and tenants. But tenants in London are, potentially, £1,806 better off since the vote to leave the EU in June 2016…Sheila Manchester15th January 201901,332 Viewslast_img read more

Tri-State Alliance Loses Non Profit Status

first_imgTri-State Alliance Loses Non Profit StatusSEPTEMBER 14TH, 2018 MITCH ANGLE EVANSVILLE, INDIANA FacebookTwitterCopy LinkEmailShare TwitterFacebookcenter_img The Tri-State Alliance has had its nonprofit status revoked.This information comes from the IRS website where it states the organization did not file a Form 990 for Fiscal Year 2014 through 2015.According to the IRS website, the revocation went into effect in May 2017, but the organization received a formal notice in February 2018.IRS states that Form 990 will be automatically revoked for three straight years.Earlier this month, board director Kelly Course resigned. His reasoning was that “there might be a potential misuse of resources within the organization.”Evansville Police have confirmed there is no active investigation at this time. read more

Rally against Jared Kushner to be held at City Hall

first_img× JERSEY CITY — To follow up on a protest held in front of the two Trump Towers in Jersey City, protestors will be holding a Evict Trump- rally on Wednesday, March 8 in front of Jersey City City Hall.Protestors, who have held almost a dozen rallies in Jersey City since Donald Trump was elected last November, hope to pressure Mayor Steven Fulop and the City Council into denying tax abatementsJames Solomon and Evict-Trump-Kushner, a community group, organized a protest in front of the Trump building on Bay Street on Feb. 25. The retail space in the building is run by Jared Kushner, an advisor to President Trump. The protestors are seeking to keep the space from being rented.While the protestors are hoping to derail other projects in Journal Square, city officials said these are not projects being done by Jared Kushner, but by other family members unconnected with the Trump Administration.Mayor Steven Fulop said the city has granted no tax abatements to Jared Kushner.last_img read more

Skeltons buyer sought

first_imgAdministrators say the AC Skelton & Sons bakery business will continue to operate as normal as a search for a buyer gets under way.Hull-based Skeltons, which has 43 shops, called in administrators on March 27, blaming supermarket competition and a recent significant increase in energy costs.Adminstrators Mark Loftus and Edward Klempka of PricewaterhouseCoopers said that following six years of continuous trading losses, the directors had no alternative but to appoint administrators.The administrators said they expect it will take four to six weeks to find a buyer. Until that time, all employees and suppliers will be paid in full on the normal dates.Skeltons employs around 670 people at its bakery and in 43 retail outlets, including eight cafés in Hull. The company also supplies a range of contract products to supermarkets, airlines and foodservice customers – a side it added to its business in 1999.Skeltons, founded in 1931, was ranked number 24 in British Baker’s Top 50 Bakery Retailers list, published in January. Speaking to British Baker before the list was published, MD Malcolm Skelton said the company planned to develop the wholesale side of its business in 2007. It was to start by supplying four Asda supermarkets with Skeltons’ branded products in February.Skelton said stepping up the wholesale business would allow it to make use of capacity at its bakery throughout the day. The company already supplied Weight Wat- chers’ products to the supermarkets through Anthony Alan Foods.On the retail side of the business, Skeltons had planned to launch a new café concept in spring.At the time, Skelton said the list made him feel nostalgic, as his chain was the only bakery based in Hull, down from 23 chains in the city in the 1960s.The months since the Top 50 list was published have been unsettling times for many on it: a strategic review continues at Lyndale Foods (ranked number 7); Welsh chain Ferrari’s Bakery (number 15) has been bought out of administration; and sandwich chain Benjy’s (number 20) has been broken up by administrators.last_img read more

Learning from a legend (a.k.a. Dad)

first_img Bernstein material available for first time Related It seemed likely that centennial celebrations of the life and work of legendary maestro Leonard Bernstein ’39 would spill over with music, requiring more than a single year.And that is precisely how the occasion — with more than 2,000 concerts and shows already planned across the country and the world — is shaping up.“It’s an unrepeatable opportunity to remind the world of who he was, what he did, the legacy, and to introduce him to a new generation of music lovers who don’t know who he is anymore,” said Jamie Bernstein ’74, who will crisscross the globe with her brother and sister for many of the events celebrating their Lawrence-born father. “It is quite an undertaking, and a good thing I have two siblings.”Bernstein came to campus late last month for a concert talk with the Harvard Radcliffe Orchestra. Before the concert, she met students taking Carol Oja’s course on her father’s Young People’s Concerts.“Leonard Bernstein’s historic work with the New York Philharmonic offers an opportunity to study classical music performance within the context of social justice and American culture at large,” said Oja, the William Powell Mason Professor of Music, who described her course as “a mix of memory, music, and media.”Jamie Bernstein’s visit came as students were preparing to travel to New York to see (and hear) the philharmonic and interview longtime subscribers who attended the concerts as children. In her time on campus, Jamie joined students to watch archival clips from the Young People’s Concerts, which began in 1958 when her father persuaded CBS to broadcast the shows.“It was always too long. There’d be frantic, feverish lunch meetings between performances. My dad never wanted to cut anything, but they had to,” said Jamie, whose earliest memories as a girl on the set include stealing donuts from the musicians and eating roast beef sandwiches.She also remembered the Kinks’ “You Really Got Me” coming on the radio during the drive home to Connecticut after a performance.“That’s in the Mixolydian mode,” her father observed. “Do you know what a mode is?” Jamie was stumped. Sure enough, the title of the next Young People’s Concert was “What Is a Mode?” ‘Symbiotic’ Web archive launched <a href=”″ rel=”nofollow” target=”_blank”> <img src=”” alt=”0″ title=”How To Choose The Correct Channel Type For Your Video Content ” /> </a> Before the classroom conversation, Jamie Bernstein described working to uphold her father’s legacy through her 2014 documentary “Crescendo! The Power of Music,” about children in U.S.-based youth orchestras for social change that were modeled after Venezuela’s groundbreaking El Sistema program.“These Venezuelan youth orchestras were originally devised as a way to get the kids off the streets, but what became clear very quickly was that not only was it a safe space, it was also an environment where kids could learn the best lessons for being a good person in the world,” she said. “It reminded me so much about my dad, and how he used music to express the best things about humanity. You are not just playing your instrument in your ivory tower. You are using music to make the world a better place.”Jamie recalled that her time as a Harvard student was “not my happiest.” Homesickness was a challenge, along with her father’s larger-than-life visits.“Those were tough years for me, further complicated in my junior year,” she said. “Guess who arrived on campus to give the Charles Eliot Norton Lectures? And who had so much fun he came back in my senior year? It’s only been in the last decade I could find ways to come back to the Harvard campus and feel like I’m adding value in some way.” “He could never turn off the teaching faucet,” she said. “It was his impulse on everything he did. We got it at home 24/7.”Harvard Radcliffe Orchestra conductor Federico Cortese, who as a student at Tanglewood had a chance to see Leonard Bernstein at work, described the maestro as “the most communicative musician I’ve seen in my whole life.”“It was inspiring,” he said.Jamie Bernstein talked about her father’s political and social consciousness, which was demonstrated in the pieces and places he played. In 1948, during the Israeli War of Independence, he led the Israel Philharmonic in Beethoven’s First Piano Concerto. When the Berlin Wall fell, in 1989, he made Beethoven’s Ninth Symphony, with its “Ode to Joy,” his song of celebration.Disciplines among Oja’s students range from neurobiology and philosophy to computer science and music. Some play instruments, and several cited “West Side Story” as their baseline knowledge of Bernstein. Few had heard of the Young People’s Concerts before the course.“I don’t think I have ever taken a course that is so specifically focused on one individual,” said Arlesia McGowan ’19, a concentrator in human developmental regenerative biology and music. “I like that we have spent a lot of time not only getting to know Bernstein as an artist but as a person. I feel like with a lot of composers-conductors, we musicians only know them by their music … we often forget that they are humans like us who were criticized just as much as they were praised.”last_img read more

Commander of Zetas drug cartel detained in Mexico

first_img MEXICO CITY — Mexico’s military late July 24 announced the arrest of four members of the notorious Zetas drug cartel, including a top commander within the group. A military news release said the arrests took place in the central Mexican city of Puebla, where officials detained Zeta commander William de Jesús Torres Solórzano, who also goes by the nicknames “El W” and “The Worm Eater.” He was arrested during a military patrol of the region. Authorities said that among the items seized during the arrest were four vehicles, weapons, a package containing a large quantity of cocaine and about US$830,000 in cash. The four suspects were transferred to federal authorities in Mexico City, officials said. [AFP, 25/07/2012; (Mexico), 25/07/2012] By Dialogo July 25, 2012last_img read more

Find out how Texans Credit Union created non-interest income growth of 17.89%

first_imgIt’s not uncommon for a company to find itself running on a different track than the one on which it started. When that happens, it may not be so easy to change course. Texans Credit Union found themselves in this exact situation and with the help of SWBC, they managed to refocus and find success.Texans Credit Union found themselves focusing strongly on business and commercial banking, and realized they had lost their focus on consumer accounts and the member experience. They partnered with SWBC in 2012 to amplify the services offered to their members, including credit life and disability insurance. continue reading » 12SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img