Amazon warehouse in Brooklyn sells for $46M
BentallGreenOak founder Sonny Kalsi and 2300 Linden Boulevard in Brooklyn (Photos via BentallGreenOak; Google Maps)An Amazon-leased warehouse in Brooklyn sold for a valuation of $46 million as investors continue to chase properties occupied by the e-commerce giant.Asset manager BentallGreenOak purchased the 100,000-square-foot property at 2300 Linden Boulevard in East New York from Turnbridge Equities and Harbor Group International, a source familiar with the sale told The Real Deal.BentallGreenOak, headed by CEO Sonny Kalsi, paid $460 per square foot for the property, where Amazon inked a lease last year. The e-commerce giant signed on to use the property as a delivery station over a 10-year term.Read moreJeff Bezos, who turned real estate upside down, quitsAmazon’s real estate footprint grew leaps and bounds in 2020 TagsamazonBentallGreenOakeast new yorkIndustrial Real EstateInvestment SalesTurnbridge Equities Full Name* Email Address* Share via Shortlink Message* Representatives for BentallGreenOak, Tunbridge and Harbor Group could not be immediately reached for comment. A Cushman & Wakefield team led of Adam Spies, Adam Doneger, Kevin Donner, Marcella Fasulo and Gary Gabriel negotiated the sale. A representative for the brokers declined to comment.Midtown-based Turnbridge Equities and Harbor Group acquired a ground lease on the warehouse in 2018 for $4.4 million, with an option to purchase the ground underneath the property. The companies reportedly planned to spend $3 million renovating the property.BentallGreenOak acquired the ground lease and will exercise the purchase option, sources said, bringing the valuation to $46 million.The long-term lease with Amazon, which zeroed in on the warehouse due to its proximity to John F. Kennedy International Airport, helped boost the property’s value.In fact, properties leased to the giant are trading at a premium. Amazon-leased properties in the New York City area have experienced notable capitalization-rate compression over the past 12 months, according to data from Cushman & Wakefield’s Industrial Group.That means buyers are willing to pay higher prices and accept lower returns on those investments, which can often be financed under attractive terms thanks to Amazon’s top-quality credit ratings. Amazon-leased properties in the area have been trading at cap rates somewhere between 50 and 100 basis points lower comparable ones in other parts of the country, according to Cushman’s figures – an indication of high demand.Despite the strong headwinds for the last-mile logistics and warehousing sector, the industrial market couldn’t escape the pandemic woes that shook New York City’s investment sales market in 2020.The city recorded 95 industrial sales last year, down 40 percent compared to 2019, according to a year-end report from B6 Real Estate Advisors.Amazon founder Jeff Bezos announced Tuesday he would be stepping down as CEO of the company and taking over the role of executive chairman. Andy Jassy, who runs the company’s cloud-computing division, will take over the CEO job.Contact Rich Bockmann Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink
BLACKSEAFOR Members Convene at Turkish Naval Station Golcuk
View post tag: News by topic BLACKSEAFOR Members Convene at Turkish Naval Station Golcuk View post tag: Golcuk View post tag: Blackseafor Share this article View post tag: Turkish View post tag: Naval Authorities View post tag: members Planning group of Black Sea naval cooperation task group (BLACKSEAFOR) convened at Turkish naval station Golcuk…[mappress]Source: Russian Navy, December 11, 2012 View post tag: Navy View post tag: station December 11, 2012 Back to overview,Home naval-today BLACKSEAFOR Members Convene at Turkish Naval Station Golcuk View post tag: Convene
Founding Faculty Member, Surveying Engineering Technology, Tenure-Track Faculty (open rank)
Founding Faculty Member, Surveying Engineering Technology,Tenure-Track Faculty (open rank)Rowan University invites applications for an innovative educator tolead a new Surveying Engineering Technology Program. Applicantsshould have a strong commitment to undergraduate teaching, anestablished record of publication, and be able to meet the criteriafor the rank of associate professor or full professor.This is a new career-oriented program leading to a Bachelor ofScience in Surveying Engineering Technology degree. The programwill be seeking ABET accreditation. This four-year degree is theeducational requirement for licensure as a Professional LandSurveyor in the State of New Jersey. The program is structured as ajoint in partnership with Rowan College of South Jersey at theGloucester County campus.Primary responsibilities of this position include strong leadershipto build this new program, seek and maintain ABET accreditation,and develop ties with local and regional industry. The successfulapplicant is expected to teach courses in the program and developstrategies to attract students into the program including newfreshmen as well as those in the surveying, geography orengineering field seeking a second degree. The successful applicantwill also be expected to develop an assessment strategy to bringthe program through the accreditation process, review and modifythe curriculum to maintain its currency, and attract new faculty tothe program as it grows.Qualifications: A terminal degree in Surveying, Geomatics,Geography, Engineering or Engineering Technology and licensure as aProfessional Land Surveyor are required.Start date: The anticipated starting date for this positionis January 1, 2021Applications : Applications must be submitted through ouronline applicant tracking system at http://jobs.rowan.edu . Applicants should upload the followingmaterials combined into a single pdf file: (1) Cover letter (2)Curriculum vitae (3) Statement of teaching philosophy and interestsand (4) Vision for building a surveying engineering technologyprogramThe committee will commence review of applications in October 2020and applications will continue to be considered until the positionis filled.
St Hilda’s applies for civil marriage license
Last Wednesday Oxfordshire County Council invited members of the public to offer their opinion on whether St Hilda’s College’s application to hold civil marriage ceremonies and civil partnership registrations on its premises should be accepted. During this period of public consultation, people will be able to view the full application and plans at the Oxfordshire Register Office in Tidmarsh Lane from Monday to Friday (excluding Bank Holidays) until 31st December.If the application is successful, St Hilda’s will join St Edmund Hall, Mansfield College and the Bodleian Library who can already hold civil marriages and civil partnerships ceremonies on their premises. St Hilda’s Domestic Bursar Gerri Cane told Cherwell of the College’s decision to apply for the civil marriage and civil partnership license, “We already hold receptions at the College; the application for a licence seemed a natural progression from that as one or two couples had asked if we provided this service.“Our chapel is very small and so we could only consider that for very small groups wanting religious ceremonies.”She also added that all weddings and civil partnerships would abide by St Hilda’s current policy with regard to receptions being outside out of term time and usually outside of the working week.Oxfordshire County Council have invited members of the public to comment on whether St Hilda’s should be awarded this license in accordance with “The Registrar General’s guidance for the approval of premises as venues for civil marriages and civil partnerships”. The legal guidance states “As soon as is practicable after receiving the application authorities are required to publicise the application for a period of 21 days. This can be through placing an advertisement in a local newspaper [or] publishing notice of the application on the authority’s website.”Head of Registration, Coroner’s & Music Services at Oxford Register Office Jacquie Bugeja was keen to underline that this period of public consultation was common legal practice, although the Council has progressed in how it chooses to publicise the application. She commented, “This is a requirement that has been in place since the regulations came into effect in 1996. We have in the past placed a notice in a local newspaper but more recently have placed it on our website.”Cane told Cherwell she was supportive of the public being able to offer their views on the College’s application. She declared, “With regard to the decision to allow the public to offer their views on the application, this is an accepted part of any licence application, including- for example- when an application is made for a premises licence, and I am fully supportive of the public’s right to offer their views and comments.”History Undergraduate Flora Raybould likewise supported both the public’s right to comment on the application and the application itself.She said, “I’m so pleased that Oxford colleges are willing to embrace civil marriages and civil partnerships. I really hope that lots more colleges will follow suit and show interest in applying for similar licenses.”“I also believe it’s really important that the public get a chance to look at the plans; not just as a legal requirement, but so that the local community have a say as to what’s happening in their town and the university that’s part of it.” Anyone wishing to object to the application can write to Oxford Register Office stating the reasons why they object within the declared period. Although Bugeja also told Cherwell that she was not aware of the Council ever receiving an objection in the past.
Citizen of Year and Business Awards Next Monday: See Winners
Mike Dattilo will retire later this year after a career with the City of Ocean City of more than three decades.The Ocean City Regional Chamber of Commerce is honored to announce the recipients of the Chamber’s 2015 Citizen of the Year Award and Outstanding Business and Beautification Awards.The awards will be presented at the Chamber’s dinner Monday, Nov. 16 at the Ocean City Yacht Club.The Citizen of the Year Award will be presented to Ocean City resident Michael Dattilo. Dattilo has worked for the City of Ocean City in numerous capacities for more than three decades. He is the former business administrator for the city, acting as chief operating officer overseeing the following departments: Law, Community Services, Public Works, Financial Management, Police Services and Fire & Rescue Services. Additionally, Dattilo served as the department head for the following divisions: Emergency Management, Engineering / Project Management, Human Resources, Information Technology, and Purchasing.Mr. Dattilo’s deep-rooted sense of community has led him to serve as a Little League coach, a mentor at Ocean City Primary School, and as a basketball coach. He is very active with the Ocean City Youth Athletic Association and currently serves on the Board of Directors for First Night and Greater Ocean City Theatre Company. Mr. Dattilo resides in Ocean City with his wife and two daughters.The Business Renovation/Improvement Award will be presented to Domino’s Pizza, Island Gypsy, Gleeson’s, and Port-O-Call Hotel for their lobby renovationsVFW Ferguson-Foglio Post 6650 will receive the Non-Profit Renovation Improvement Award for their 15th Street location renovations.Broadley’s and Sketties will be awarded the Outstanding Landscaping/Signage Award.Ocean City Skateboard Park will receive the Business New Construction Award.The Outstanding New Business Award will be presented to The Spotted Whale, The Taste of New York Café and Grille, and Golden Buddha.This year’s Outstanding Civic, Community, Non-Profit Organization Award will be presented to Humane Society of Ocean City and Ocean City Sailing Foundation.The Ocean City Free Public Library will receive the outstanding Use of Technology for their new Bookmobile.The Environmentally Friendly Award will be presented Tanner Mitzel and Boy Scout Troop 32 for the Eagle Scout Osprey Nest Platform Project.The Outstanding Service to the Community will be presented to Ta-Dah.The Atlantic Shore baseball team will receive a special Community Recognition Award for winning the 2015 Babe Ruth 14-year-old World Series.Special Awards will be presented for milestone anniversaries. These businesses include: Island Grill – 20 years, Deauville – 35 years, Scrim Discovery – 40 years, Jilly’s Arcade – 40 years, Bernie’s Barber Shop – 50 years, Colony Club – 65 years, Johnson’s Appliances – 70 years, Paramount Air Service – 70 years, Johnson’s Popcorn – 75 years, Gillian’s Amusements – 85 years, and Central Ocean City Union Chapel – 100 years.For dinner reservations, $55 per person, or to congratulate the winners in the 2015 Program Book, please call the Ocean City Regional Chamber of Commerce office at (609) 399-1412 or email [email protected]— News release from the Ocean City Regional Chamber of Commerce
Michelle Williams, Paula Johnson breaking new ground
Michelle Williams, new Dean of Harvard T.H. Chan School of Public Health, and Paula Johnson, new president of Wellesley College and a professor in Harvard Chan School’s Department of Epidemiology, talked about their milestone achievements and education in Boston in a Q&A in the July 2016 issue of Boston Magazine.Both women represent historic firsts. Williams is Harvard Chan School’s first female dean, and the first black person to head a faculty at Harvard. Johnson is Wellesley’s first black president.Speaking about the advantages of working in higher education in Boston, Williams said the higher education community “recognizes the importance of partnership,” and that the city is “at the cutting edge of bringing technology, industry, government, and philanthropy together.” Johnson called Boston “an extraordinary, exciting, vibrant environment in which to solve the most complex problems of our world.”Both women also spoke about what it means to them to be the first black leader of their respective institutions. Said Williams, “I’ve always appreciated that the best way to solve complex problems is for people with diverse sets of talents and perspectives to be at the table.” Johnson concurred, noting that “when you bring different perspectives together, we achieve more.” Read Full Story
Locals Only: Coming to a town near you
The road warriors of Native Eyewear’s Locals Only Project have been stopping by idyllic mountain towns across the country in search of their next perfect town. On their short list of best mountain towns are Charlottesville, Va., Asheville, N.C., and Boone, N.C. These Southern towns face tough competition from classic destinations like Moab, Utah and Bend, Oregon. Hopefully the outdoor communities in Virginia and North Carolina can rise to the challenge when the Locals Only Tour rolls through their towns in the coming weeks. The tour is tentatively slated to pass through Asheville on March 29-30, Boone on March 31, and Charlottesville from April 1-3.In the meantime, another town has joined the competition. Vermont’s Northeast Kingdom wasn’t on their original list of destinations, but locals reached out to Native Eyewear and let them know that it should have been. Now, the Native crew along with Native athlete Jeff Lenosky are heading to the area on March 28 to check it out.
Greenport Man Accused of Raping Woman at Beach
Sign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York A man has been accused of raping a woman at a beach on the North Fork on Tuesday night, Southold Town Police said.Rudy Orlando Cruz-Ventura was arrested on Shelter Island and charged with first-degree rape, police said.The suspect allegedly raped the woman at Goldsmith’s Inlet Park beach overlooking the Long Island Sound off Mill Lane in Peconic at 9:30 p.m. Tuesday.Both the suspect and the victim are 33 years old and from Greenport.Cruz-Ventura will be arraigned at Southold Town Justice Court.
When is the right time to start vendor contract negotiations
The typical financial institution has dozens of contracts in place with numerous vendors that support its operations (both customer-facing and internal). As a result, staying on top of the expiration dates for all of those agreements to maintain an effective renewal process can present a significant challenge. At a minimum, doing so is simply best practice, but in other cases, such due diligence may also be a regulatory requirement or a board mandate.So how long before a contract’s expiration should the negotiation process begin? The answer depends on many factors, including the service in question and the length of time moving to a different (new) vendor would require. One factor that should not come into play, however, is the level of satisfaction with your incumbent. The deck is stacked in favor of the vendor in many ways, so financial institutions (FIs) must seek out leverage points wherever they can.In many cases, considering a replacement of an incumbent vendor is a non-starter as it would require a protracted process encompassing both internal disruption and detailed customer communication. Swapping out a core system can easily require two years, not including the additional year that’s typically necessary to carry out an effective Request for Proposal (RFP) process. Any vendor worth their salt is going to have its own tickler list, and an FI should expect to hear from them (on average) roughly 18 months prior to a contract expiration date if the institution hasn’t already initiated conversations. This timing is by design – if negotiations haven’t begun at least two years before the contract expires, an FI’s leverage is limited as the incumbent is quite aware of what an alternative will require. For a more in-depth conversation, listen to our podcast series about best practices for credit union vendor contract negotiations. continue reading » 9SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
EasyJet and Volotea are introducing five new lines for Istria
In the summer flight schedule for 2018, the British low-cost airline EasyJet is introducing seven new routes to Croatia, including four to Pula.New routes to the Istrian airport in Pula open from Basel, Liverpool, London (Southend Airport) and Milan (Malpensa Airport) and start at the end of July:26/7/2018 Basel – Tuesdays and Saturdays29/7/2018 Liverpool – Wednesdays and Sundays28/7/2018 London / Southend – Tuesdays and Sundays25/7/2018 Milan / Malpensa – Mondays, Wednesdays and FridaysWith two new lines from London / Southend and Venice to Dubrovnik and from Berlin / Schönefeld to Zadar, EasyJet offers a total of 46 lines to Croatian destinations – Dubrovnik, Split, Zadar and Pula. The leading European airline Easyjet thus continues to expand into the Croatian market, connecting European capitals with Croatian destinations. Let us remind you that in 2017, the company introduced eight new flights to Croatia. “We are very excited to launch seven new routes from Croatia next year, offering over a million points for sale during 2018 to and from Croatia. We expect a record summer with more than 3.100 flights and more than 540.000 seats that we offer for sale to and from Croatia in July and August 2018. ” points out Ali Gayward, the company’s director for the United KingdomThe airline has transported a record number of passengers to and from Croatia in the last twelve months, or more than 910.000 passengers, an increase of 35 percent over the previous year. EasyJet flies with a fleet of over 279 aircraft on more than 880 routes through 140 airports in 31 countries. It connects Croatia with six European countries and more than 23 destinations across Europe.Flights from Nantes to Pula in 2018In 2018, Volotea will introduce a new route from France to Croatia, which will connect Nantes with the Istrian peninsula.Volotea planes will land at Pula Airport for the first time, and the regular line will operate once a week, on Wednesdays, from May 30 to the end of September. He will arrive in Pula around 11am, and the return flight to Nantes is at 11:30am. “It is a great success of four years of efforts and joint actions of the Istrian Tourist Board, Pula Airport and the Paris office of the Croatian Tourist Board. The Tourist Board of the Istrian County, in cooperation with the airline Volotea, has prepared additional media space for the promotion of Istria on the French market, and it is agreed to appear at the tourist fair in Nantes, from 26 to 28 January 2018.”Point out from the Tourist Board of the Istrian County.The Spanish Volotea is the fastest growing airline on the French market, for which Croatia is one of the key destinations, which is shown by the increase in seats from European to Croatian destinations by as much as 44 percent in 2018. These are a total of six new airlines, and from France, in addition to the line to Pula, the one from Nice to Split is also opening.Germania, the world leader in renting boats online Globasialor, and Thalasso Numero1 and OVoyages, the most important French tour operator specializing in wellness tourism, which has announced its arrival in Croatia in 2018, have also shown great interest in Croatia on the French market.