Luxury contract signings plunge after brokers ordered to stay home

first_imgThe second priciest listing was a four-bedroom condo at 200 East 66th Street, which went into contract asking $5.25 million, below what the seller paid for it in 2012.Fiona Dumas of Compass represented both the buyer and the seller in the transaction. She told Olshan the buyer was an investor from California who planned to rent the property out. The buyer viewed the condo over FaceTime, Dumas said, and negotiations went on for weeks, though it’s unclear what the final offer was.The luxury real estate market has undergone major upheaval in the past two weeks, as the state rolls out a growing number of restrictive measures to stop the spread of coronavirus. Last Friday, new restrictions were imposed on the construction industry, which had previously been deemed essential business. Now, only work on infrastructure, healthcare facilities and affordable housing can proceed, and construction on luxury towers will have to stop.There are still several unknowns the wider industry is trying to navigate, including the rules around virtual showings. In an email sent out to members last week, the New York State Association of Realtors said it was unable to provide guidance on whether virtual showings were allowed, and had “submitted a request to the state to have this activity deemed permissible.”Write to Sylvia Varnham O’Regan at [email protected] This content is for subscribers only.Subscribe Now 397 West 12th Street (Credit: Coleman Real Estate Group via StreetEasy)If the real estate industry needed any more proof of the shattering effect of the coronavirus, a tally of last week’s luxury contract signings leaves little room for doubt.There were just two properties above $4 million that went into contract in Manhattan between March 23 and March 29, according to a market report from Olshan Realty. That was down from 14 the week before, and 21 the week before that. The last time there was a week with just two signings was in August 2009.The slump came after a stay-home order for non-essential business took effect March 22, ending all in-person home showings. Brokerage firms have since been offering virtual showings, but the latest figures raise questions about how many buyers will have the appetite to enter into contracts without seeing their properties first.“It’s possible you might get a sale from a virtual showing but it will be the exception rather than the rule,” said Donna Olshan, head of Olshan Realty and author of the report. “Overall, most people want to walk through the space and see it,” she added, “and then there’s a matter of a home inspection, if the buyer wants one. I do not think home inspectors are considered an essential business by New York state.”The priciest listing last week was for a 6,166-square-foot condo at 397 West 12th Street, which went into contract asking $11.25 million — down from its original asking price of $18.5 million in 2017.Matthew Coleman of Coleman Real Estate Group told The Real Deal the property had cycled through several brokers before he took over the listing this year and dropped the asking price, taking the coronavirus into consideration.“We were very well aware of the headwinds of the market and what was happening in Europe and Asia, with the virus, and we priced with that in mind — understanding that the U.S. was not too far behind,” he said.Coleman said he showed the unit on Wednesday, March 18, received an offer two days later and conducted an inspection that Sunday — right before the statewide stay-home order took effect that night. He declined to say what the final contract price was.Read moreLA resi lenders predict “pent up demand” post-coronavirusThis weekend’s open house? You’ll have to tune in via livestreamBreak quarantine? Your co-op board can suelast_img read more

Patrick Administration Launches Effort to Centralize Homeland Security Responsibilities

first_imgThe plan seeks to end a lack of coordination between state and local agencies. Officials cited Boston’s evacuation plan as an example of the problem. The Patrick administration is launching a new effort to centralize homeland security responsibilities now scattered among dozens of groups that spend tens of millions of dollars a year, but receive little direction from the state. A homeland security document released Tuesday calls for the creation of a central database to track the availability of emergency equipment to ensure that local and regional organizations are not spending tax dollars on equipment they could get one town over. The administration’s new security strategy — set forth in the 31-page document — also calls for the development of a tactical alert system to immediately notify first responders of disasters. It proposes the creation of a five-year plan to address the stunning lack of radio communications capability among key agencies. “For too long, the state has not provided guidance over homeland security (responsibilities),” said state homeland security chief Juliette Kayyem. “A lot of money has been coming into the state — and a lot of good work has been done on a regional level — but we have to make sure there are linkages.”center_img The Herald reported yesterday that the administration is also seeking to increase the use of surveillance cameras to track activity around Boston Harbor, Logan International Airport and other transit facilities. While the plan establishes clear routes out of the city, it gives no direction to evacuees once they reach the border, largely because of the state’s lack of involvement in the effort. “With a $27 billion annual budget, the state should be able to find a way for all its public safety departments to communicate,” said state Sen. James Timilty (D-Walpole), co-chairman of the Legislature’s homeland security committee. “It’s disappointing that we’re just discussing this now.”– [email protected]last_img read more

Announced: Guillem Balague signs for SPORT

first_img Balague’s journalism career is well known and respected by everyone. He left Catalonia for England in 1991 where he worked for Don Balon, Marca and eventually Sky Sports, where he became a specialist in the United Kingdom on Spanish football.  21/02/2020 at 13:50 Diario SPORT is delighted to announce the appointment of a special new contributor in the form of the journalist Guillem Balague.  Now, he will form part of the history of SPORT after joining as a weekly contributor. He has since worked for a number of other publications and television channels and now runs his own Youtube channel, has his own podcast (Pure Football) and is also the president of English non-league club Biggleswade United.  IN SPORT.EScenter_img CET Balague will write an opinion article in the newspaper every Thursday and will also offer a number of exclusive interviews — starting with Liverpool midfielder Jordan Henderson.  Guillem Balagué ficha por SPORTlast_img read more

Connacht Semi-Final Preview Live From Seven Bar

first_imgOllie Turner was live at Seven Bar, Bridge Street, Galway with Alan Mulholland, Conor Mortimer, Cathal McGinley, John Hynes and Tierney Talks as they looked forward to Sunday’s Connacht Semi-Final at Pearse Stadium between Galway and Mayo…. Audio Player Up/Down Arrow keys to increase or decrease volume.Throw in on Sunday is at 4pm print WhatsApp Facebook Twitter Emaillast_img

Division Two Hurling Feile Fixtures

first_imgShield Competition Fri 8thD7.15pmORANMORELoughgiel Shamrocksvs.Ratoath Sun 10thFINAL15.40PMCONNACHT GAA CENTREWinner S F(1)vs.Winner S F(2) Sat 9thB10.45pmBALLINASLOEBallinasloevs.Portaferry print WhatsApp Facebook Twitter Email Fri 8thC7.15pmKILBECANTYKilcormac Killougheyvs.Ballyduff Sat 9thA10.45pmLEITRIMKilnadeema/Leitrimvs.St Colms, Ballinascreen Sun 10thS Final10.45AMCONNACHT GAA CENTREWinner Q F(1)vs.Winner Q F(3) Sat 9thC10.45pmBEAGHMichael Cusacksvs.Kilcormac Killoughey Sat 9thQ Final (2)14.30pmCRAUGHWELL1st Group Bvs.2nd Group A Fri 8thB5.00pmBALLINASLOE CLUBEire Ogvs.Portaferry Fri 8thB5.45pmBALLINASLOE CLUBBallinasloevs.Castletown Slieve Bloom Fri 8thD5.00pmORANMOREOranmore Mareevs.Ratoath Fri 8thD6.30pmORANMOREOranmore Mareevs.Sylane Sat 9thQ Final (3)14.30pmCLAREGALWAY3rd  Group Cvs.4th Group D Fri 8thA5.00pmLEITRIMKilnadeema/Leitrimvs.Naas Fri 8thC5.45pmKILBECANTYArdrahanvs.Kilcormac Killoughey Fri 8thA7.15pmLEITRIMSt Colms, Ballinascreenvs.Naas Sat 9thB10.45pmEIRE-OG, ENNISEire Ogvs.Castletown Fri 8thC5.00pmKILBECANTYMichael Cusacksvs.Ballyduff Sat 9thC10.45pmARDRAHANArdrahanvs.Ballyduff Sun 10thS Final (2)13.00PMCONNACHT GAA CENTREWinner Q F(2)vs.Winner Q F(4) Sat 9thD11.00amORANMOREOranmore Mareevs.Loughgiel Shamrocks Fri 8thB6.30pmBALLINASLOE CLUBCastletown Slieve Bloomvs.Portaferry Cup Competition Sat 9thQ Final (1)14.30pmTURLOUGHMORE3rd  Group Avs.4th Group B Fri 8thA5.45pmLEITRIMTommie Larkinsvs.St Colms, Ballinascreen Sat 9thQ Final (3)15.30pmCRAUGHWELL1st Group Cvs.2nd Group D Fri 8thA6.30pmLEITRIMKilnadeema/Leitrimvs.Tommie Larkins Fri 8thD5.45pmORANMORESylanevs.Loughgiel Shamrocks Sat 9thQ Final (1)14.30pmCRAUGHWELL1st Group Avs.2nd Group B Sat 9thD10.45pmSYLANESylanevs.Ratoath Fri 8thB7.15pmBALLINASLOE CLUBEire Ogvs.Ballinasloe Fri 8thC6.30pmKILBECANTYMichael Cusacksvs.Ardrahan Sun 10thFINAL13.50PMCONNACHT GAA CENTREWinner S F(1)vs.Winner S F(2) Sat 9thA10.45pmWOODFORDTommie Larkinsvs.Naas Sat 9thQ Final (4)15.30pmCRAUGHWELL1st Group Dvs.2nd Group C Sat 9thQ Final (4)15.30pmCLAREGALWAY3rd  Group Dvs.4th Group C Sun 10thS Final10.45AMCONNACHT GAA CENTREWinner Q F(2)vs.Winner Q F(4) Sun 10thS Final (1)13.00PMCONNACHT GAA CENTREWinner Q F(1)vs.Winner Q F(3) Sat 9thQ Final (2)15.30pmTURLOUGHMORE3rd  Group Bvs.4th Group Alast_img read more

Cracking Group 1 renewals in store at Leopardstown on Saturday

first_imgAddeybb, trained by William Haggas, is a second British raider while Aidan O’Brien is also represented by Deauville, Rhododendron and Athena. Verbal Dexterity made a promising return to action at the Curragh last month and will carry the hopes of Jim Bolger. Alpha Centauri tops a field of seven for the Group 1 Coolmore Fastnet Rock Matron Stakes. Jessica Harrington’s filly has been the star of the season and is chasing a fifth consecutive Group 1 win having won in great style at the Curragh, Royal Ascot, Newmarket and Deauville.The Karl Burke-trained Laurens could well emerge as the chief threat to Alpha Centauri. Aidan O’Brien takes her on with Magical, Clemmie and Happily while Johnny Murtagh runs Lightening Quick. A second contender for the other side of the Irish Sea is the Mick Channon-trained Dan’s Dream.The KPMG Champions Juvenile Stakes will be run as a Group 2 for the first time and has attracted a field of nine. Kevin Prendergast’s Madhmoon created a favourable impression when winning on his debut at Leopardstown a month ago as did Dermot Weld’s Masaff and another unbeaten contender is the Ger Lyons-trained Pythion.The Group 2 Clipper Logistics Boomerang Stakes has attracted 11 runners including the Dermot Weld-trained Making Light which was so impressive when recording her fifth career win at Cork last month.A field of seven will go to post for the Group 3 Paddy’s Rewards Club Stakes with the Ger Lyons-trained Mustajeer and Jim Bolger’s Stellar Mass among the opposition to Ballydoyle’s Giuseppe Garibaldi and Rostropovich.The opening race of Longines Irish Champions Weekend is the Ballylinch Stud Irish EBF Ingabelle Stakes, a new listed race on the card. The Mick Channon-trained Gospel was a winner on her first start and takes on a strong-looking home team that includes Jessica Harrington’s impressive Curragh winner Trethias.Both handicaps on the card will boast full fields of 18 runners with Lagostovegas, a Royal Ascot winner for Willie Mullins topping the weights in the Irish Stallion Farms EBF ‘Petingo’ Handicap while last year’s winner Burnt Sugar and runner-up Silverkode feature among the final declarations for the Irish Stallion Farms EBF ‘Sovereign Path’ Handicap.Pat Keogh, CEO of Leopardstown Racecourse, said: “We are delighted with the declarations for all our races on Saturday. They are a great reflection of the status of Longines Irish Champions Weekend.”print WhatsApp Facebook Twitter Email Roaring Lion, already a dual Group 1 winner this year, heads the eight runners declared for the Group 1 QIPCO Irish Champion Stakes at Leopardstown on Saturday. John Gosden’s Coral-Eclipse and Juddmonte International Stakes winner has opposition from old foe, Aidan O’Brien’s Newmarket 2,000 Guineas winner Saxon Warrior with Pascal Bary’s QIPCO Prix du Jockey Club winner Study Of Man also making the trip to the Dublin venue for the opening day of Longines Irish Champions Weekend.last_img read more

Silver medal for Nelson Atom Leafs

first_imgThe Nelson Leafs lost to host team 8-4 at the Castlegar Minor Hockey Atom Tournament Sunday in the Sunflower City. The Leafs finished 2-1 in round robin, defeating both Kelowna 7-2 and Cranbrook 9-3. The result advanced Nelson as the fourth-place squad against first-place Trail Spartans. Nelson posted the upset, to advance into the final before concluding the tournament with the silver medal. The team includes, coaches Kevin Dewar, Aaron Shrieves, Shawn Correnti and players Dax Dewar, Theo Byers-Bohigen, Sebastien Conne-Correnti , Gunner Evenson Larson Proctor, Sawan Bhabra, Cash Linnen, Kale Gerhman, Grady Groenhuysen, Eryn Dimopoulus, Leif Luttmer, Austin Shrieves and Griffin Wanhella.last_img

Marshfield boys hockey blanked at Wisconsin Rapids

first_imgBy Paul LeckerSports ReporterWISCONSIN RAPIDS — The Marshfield boys hockey team was shut out for the second time in three games, losing 6-0 to Wisconsin Rapids on Thursday night at the South Wood County Recreation Arena.Six different Raiders scored in the victory as Wisconsin Rapids improves to 14-4-1 and 8-2 in the Wisconsin Valley Conference.Marshfield falls to 7-13 and 1-8 in the conference with three games remaining. The Tigers’ next game is Feb. 5 at home against Merrill. The game will be broadcast on WDLB-AM 1450 and Roy-Peterson had 50 saves for the Tigers as Wisconsin Rapids dominated play. The Tigers had just four shots on goal.(Hub City Times Sports Reporter Paul Lecker is also the publisher of 6, Tigers 0Wisconsin Rapids 2 2 2 – 6Marshfield 0 0 0 – 0First period: 1. WR, Grant Scharmer (Casey Esselman, Sam Storlie), 7:06; 2. WR, Esselman, 9:45.Second period: 3. WR, Jared Sawyer (Tyler Blaes, Esselman), 6:32; 4. WR, Tanner Case (Logan Conkey), 15:31.Third period: 5. WR, Colton Capelle, 3:21; 6. WR, Conkey (Cody Kohls), 10:49.Saves: M, Haydon Roy-Peterson 50; WR, Tyler Werne 4.Records: Marshfield 7-13, 1-8 Wisconsin Valley Conference; Wisconsin Rapids 14-4-1, 8-2 WVC.last_img read more

Environmental activist laid to rest

first_imgArguably one of Kenya’s most well-knownwomen, Wangari Maathai was a fearlesscampaigner for women’s rights andenvironmental protection. She is seenhere with former president NelsonMandela.(Image: Nelson Mandela Foundation) Kenyan children plant a tree.(Image: UNEP) Maathai photographed in her homelandof Kenya.(Image: The Green Belt Movement) MEDIA CONTACTS • The Green Belt Movement  Nairobi, Kenya   +254 20 3873057 RELATED ARTICLES • Swazi attorney wins Green Nobel prize • Cheetah guru wins Tyler prize • African projects to save the earth • ‘The Infinite Gardens of Mandela’ • Green Scorpions in sting operationEmily van RijswijckShe was the inspiration behind, and patron of the Billion Tree Campaign, which falls under the UN Environmental Programme and aims to halt global deforestation.In her own country she created the Green Belt Movement (GBM), an environmental NGO with a strong social focus, especially on the empowerment of women.Professor Wangari Muta Maathai, who died at age 71 on 25 September in Nairobi after a long battle with cancer, was a woman of firsts: in 1971 she became the first East African woman to earn a doctorate in anatomy and in 2004 was the first African woman to win a Nobel Peace Prize in recognition of her tireless work to promote sustainability, democracy and peace.Maathai’s maxim was that when you plant trees, you also plant the seeds of peace and hope. After seeing the environmental devastation and economic ruin caused by mass deforestation in her home country of Kenya, Maathai started the Green Belt Movement in 1977, with the aim of promoting better management of natural resources.In so doing she hoped to bring about greater sustainability, equity and justice, particularly for her countrywomen, with whom she worked closely.The GBM has since planted more than 47-million trees across Africa, restoring degraded environments and improving the quality of life for people in poverty, especially the 900 000 women who have established tree nurseries and improved their own quality of life.The Billion Tree Campaign reached its target in less than a year and is now aiming for the 14-billion mark. The campaign has planted almost 12-billion trees across the world and celebrates the International Year of Forests in 2011.In a tribute to Maathai on the Green Belt Movement website, she is quoted as saying: “You cannot protect the environment unless you empower people, you inform them, and you help them understand that these resources are their own, that they must protect them.”Jeunesse Park, CEO of the South African NGO Food and Trees For Africa, described her as an inspiration to all,“The Tree Woman of Africa who bravely confronted governments in her efforts to save the forests – her messages were so simple, yet so meaningful. She showed how every one of us can change the world,” said Park.“We were privileged to be acknowledged by her, to know her, share with her and plant a tree with her – she will be greatly missed.”In a statement the Nelson Mandela Foundation announced its shock at her passing and gave praise to a woman who had achieved so much in her lifetime.“Prof Maathai has left a lasting legacy in greater awareness and work in protecting our environment and the world,” said Achmat Dangor, the foundation’s CEO.On African leadership As the work of the GBM expanded, Maathai soon came to realise that deeper social issues underpinned poverty and environmental destruction.Bad governance lay at the heart of Africa’s many challenges, she felt, contributing to disempowerment of the masses and the loss of vital social values which over centuries had sustained communities.Maathai used tree-planting to drive a larger environmental, economic and social agenda. She became especially vocal about leadership, or the lack thereof, in Africa at large. In her own country during the 1980s and 90s, she spoke out strongly against the unbridled human rights abuses of then-Kenyan president, Daniel arap Moi.As a consequence of her ongoing crusades against environmental destruction, and her outspoken stance against the government, Maathai and her staff were sometimes physically harassed, assaulted and even jailed.During one of her many interviews she had this to say about Africa’s leadership: “Our leadership in Africa is characterised by corruption, selfishness and greed which has literally torn our continent apart.” This, she said, was because “our leaders are not willing to serve”.  In 2005, Maathai delivered the third Nelson Mandela Annual Lecture in her capacity as Kenyan deputy minister of environment.“We need people who love Africa so much that they want to protect her from destructive processes,” she said in her address. “There are simple actions we can take. Start by planting ten trees each of us needs to absorb the carbon dioxide we exhale.”In the same speech Maathai also asked people to practice the 3R campaign – reduce, re-use, recycle – and to get involved in local initiatives and when possible, volunteer to serve the community as best they can.As an MP during the early 2000s, she advocated for reforestation and the protection of forests. She was a tireless campaigner for education and empowerment and the role of the government in bringing about change.In 2006 she co-founded the Nobel Women’s Initiative with fellow women peace laureates Jody Williams, Shirin Ebadi, Rigoberta Menchú Tum, and Mairead Maguire, Aung San Suu Kyi to advocate for justice, equality, and peace worldwide.On the website the remaining members express their deep sadness at her passing, but remember Maathai for her “fearless strength in adversity, her creative approach to building a peaceful, healthy planet and her hard work to inspire and empower women”.Global warming activistAs concern over global warming became more pronounced, Maathai added her voice and efforts to the worldwide campaign to fight climate change.The last years of her life saw her increasingly involved in global issues, specifically advocating for the protection of indigenous forests and the inclusion of civil society in policy decisions.  As a result of her efforts she became goodwill ambassador for the Congo Basin rainforest in 2005 and in 2009 she was designated a UN messenger of peace by Secretary-General Ban Ki-moon.One of her final contributions was to establish the Wangari Maathai Institute for Peace and Environmental Studies in 2010, bringing together academics to share experiences and research.The Green Belt Movement has announced the establishment of a memorial fund to continue Maathai’s legacy.last_img read more

Aon South Africa unveils BEE deal

first_img6 October 2011Financial services and insurance group Aon has unveiled a black economic empowerment (BEE) deal that will see the Vurhonga Consortium acquire a 25.1% shareholding in Aon’s South African business for an undisclosed sum.The consortium consists of BEE investment company Tamela Holdings and Precious Prospects, a women’s empowerment group.Aon South Africa chairman and CEO Anton Roux said the deal was an exceptionally positive move towards true broad-based empowerment, particularly with the strong female ownership within the consortium.“We are delighted to be joining hands with two partners who are very competent in the corporate business and public sectors and which have such a diverse group of women involved,” Roux said in a statement this week.Employee share ownership schemeDuring 2012, a portion of the shareholding held by Vurhonga Consortium, representing three percent of the common equity in Aon, will be allocated to an employee share ownership scheme including historically disadvantaged Aon employees, further enhancing the far-reaching nature of the transaction.Precious Prospects chairperson Namane Magau will resign from her position on the Santam board before joining the board of Aon South Africa, while Vurhonga Consortium chairman Vusi Mahlangu and Makole Maponya will serve as the empowerment grouping’s representatives on the board of Aon South Africa.“We are delighted to partner with such a reputable international company like Aon in South Africa to pursue new growth areas after a period of acquisitive growth in the country,” said Mahlangu. “Vurhonga comprise a team of remarkable professionals, including women professionals in the financial services sector.“We look forward to a successful long-term relationship.”South African growth strategyAon South Africa has engaged in a strong growth strategy in recent years, highlighted by the acquisitions of QED Actuaries & Consultants, Shield Financial Services, Heritage Insurance Brokers, Pennant and Pinion Insurance Brokers and, more recently, Glenrand MIB.“Transformation plays a pivotal part of our growth strategy in South Africa, and we are pleased to be engaging with partners who share the same values in terms of business development, community consciousness and social investment,” said Roux.The transaction is expected to be concluded by the end of October 2011.SAinfo reporterWould you like to use this article in your publication or on your website? See: Using SAinfo materiallast_img read more