Rabina files plans for 70-story tower at beleaguered Fifth Ave site

first_imgShare on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Share via Shortlink Email Address* Message* Full Name* TagsDevelopmentMidtownReal Estate Finance Mickey Rabina and 520 Fifth Ave. (Rabina, Ceruzzi Properties)A troubled Midtown development project is finally gaining some momentum.Rabina Properties plans to build a 452,134-square-foot, mixed-use building at 520 Fifth Avenue in Midtown, according to records filed with the city’s Department of Buildings this week.Plans for the 70-story building at the corner of East 43rd Street include 98 residential units across 16 floors, along with 15 stories dedicated to office space and several floors of amenities, including a solarium and private dining. KPF is listed as the architect of record.Notably absent from the filing is a hotel and retail space, which were included in previous plans for the project. Rabina did not return a request for comment.The new filing follows several rocky years for the development.Rabina joined the development team, a joint venture with Ceruzzi Properties and SMI USA, in 2019. The firm brought in an equity contribution that helped wipe out roughly $232 million in debt that the partners had been unable to pay.The lender behind the debt, Mack Real Estate, was sued by Madison Equities’ Robert Gladstone in 2019 for allegedly backing out of a deal to sell Madison the defaulted debt and give it full control of the property. Gladstone’s firm had been in talks to join the development team in late 2018, but those negotiations fell through.Mack Real Estate considered its loan, made in June 2017, technically in default following the sudden death of Lou Ceruzzi in August of that year. Ceruzzi purchased the lot in 2015 for $275 million with partner SMI.Once Rabina joined the development team, Ceruzzi president Art Hooper told The Real Deal that the former would be “running this deal.”“We’ll be codeveloping the deal, but we’ll be in the back seat to Rabina,” Hooper said.Contact the authorlast_img read more

Spending on home construction jumps 21% in December

first_imgTagsCommercial Real EstateConstructionResidential Real Estate Full Name* (iStock/Photo Illustration by Kevin Rebong for The Real Deal)Homebuilding was strong in December and finished the year up 11.8 percent, while all other construction combined was flat in 2020 — and down 3 percent in the private sector, new Census Bureau figures show.Construction spending overall last year exceeded $1.4 trillion, up 4.7 percent from the year before, according to the bureau’s latest construction report.Powered by homebuilding, spending also continued to climb month-over-month. Construction edged up in December at a seasonally adjusted annual estimated rate of $1.49 trillion, up 1 percent from the November revised estimate of $1.47 trillion.The monthly increase was three times greater for residential construction: The seasonally adjusted annual rate in December was 3.1 percent above the revised November estimate.Residential construction represented almost half of December’s estimated spending. The annual rate of housing-related construction spending in December was up nearly 21 percent year-over-year.Private construction of single-family homes made up the biggest slice of the month’s spending at an estimated $365 billion, up 23.5 percent from December 2019. Private spending on multifamily construction was estimated at $91 billion, a year-over-year increase of 18 percent.The continued increases in spending on home construction comes as the inventory of existing homes for sale reaches a historic low, again, with just over 1 million units on the market. At the pace of sales in December, those homes would be sold in less than two months.Homebuyer demand shows signs of wavering, which many economists attribute to rising prices. The median home price at the end of 2020 for existing homes was $309,800, up nearly 13 percent from a year earlier.The Case-Shiller index tracking home prices surged in November, surpassing its previous peak of July 2006. And last week the Mortgage Bankers Association’s weekly survey found that the average size of a home mortgage was nearing $400,000.Read moreHomebuilding boom continues with 16% increaseAverage size of home mortgage nears $400KAmericans bought 5.6M homes last year — the most since the bubble Share via Shortlink Within non-residential construction, the sectors that saw the biggest declines in spending included lodging, down 24 percent in December from the previous December and 14 percent for the year; manufacturing, down 18 percent for the month and 10 percent for the year; and amusement/recreation, off 16 percent and 7 percent.Spending on public safety — a tiny category — was the only sector that saw a bigger annual percentage increase than residential, with a 42 percent gain to $15 billion.Contact Erin Hudsoncenter_img Message* Email Address* Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlinklast_img read more

The source of granitic gneisses and migmatites in the Antarctic Peninsula: a combined U-Pb SHRIMP and laser ablation Hf isotope study of complex zircons

first_imgZircons gneisses and migmatites collected from the Antarctic Peninsula have different core–rim hafnium isotope ratio relationships depending on whether evidence for zircon dissolution is present or absent. Two samples contain inherited zircon that is partially dissolved. In these samples, the 176Hf/177Hf rations of the inherited zircon and new magmatic zircon rims are, on average, indistinguishable and consistent with in situ melting. In such cases the hafnium isotopic composition of the melt was probably strongly influenced by the dissolved zircon component at the source. Variation in 176Hf/177Hf within the magmatic zircon rims from grain to grain suggests that Hf isotopes were only partially homogenized during melt migration; alternatively, zircon growth may have taken place within small volumes of partial melt. Other samples do not preserve textural evidence for zircon dissolution during melt generation; in these samples the 176Hf/177Hf values of the inherited zircon and new magmatic zircon rims are different. The zircon rims apparently suggest a source of less evolved hafnium than that contained within the inherited zircon. Whether this relates to a separate juvenile source or, alternatively, is derived from minerals other than zircon at the source, cannot be resolved. Inherited zircon, irrespective of age, has been strongly influenced by the reworking of a juvenile Late Mesoproterozoic source, suggesting that such crust underlies the Antarctic Peninsula. Our results therefore suggest that Hf isotope analyses provide great potential for future studies investigating the source and processes involved in the generation of crustal melts.last_img read more

Antarctic benthic foraminfera facilitate rapid cycling of phytoplankton-derived organic carbon

first_imgFatty acid biomarker analyses of Cassidulina crassa, a dominant calcareous foraminieran at 55-m water depth in Arthur Harbor, Anvers Island (64°46′S, 64°04′W), Antarctica, revealed that this species responds rapidly to the deposition of fresh phytoplankton material from the overlying water column. During the sampling period in January/February 2002, a late summer phytoplankton bloom was clearly reflected in the fatty acid composition of C. crassa. This was apparent in the significant short-term increase of the relative content in polyunsaturated fatty acids, which more than doubled within the short period of one week from just over 14% on 28/29 January to 32% on 6 February. C. crassa feeds selectively on the high quality part of deposited organic matter, is highly abundant and widely distributed around the Antarctic, and has a wide bathymetric range. The present study shows that this species, like other, similar Antarctic benthic foraminiferal species such as Globocassidulina subglobosa, plays an important role in the rapid cycling of phytoplankton-derived organic carbon in Antarctic marine environments.last_img read more

The importance of wind blown snow redistribution to snow accumulation on and mass balance of Bellingshausen Sea ice

first_imgSnow distribution is a dominating factor in sea-ice mass balance in the Bellingshausen Sea,Antarctica, through its roles in insulating the ice and contributing to snow-ice production. The wind haslong been qualitatively recognized to influence the distribution of snow accumulation on sea ice, but therelative importance of drifting and blowing snow has not been quantified over Antarctic sea ice prior tothis study. The presence and magnitude of drifting snow were monitored continuously along with windspeeds at two sites on an ice floe in the Bellingshausen Sea during the October 2007 Sea Ice MassBalance in the Antarctic (SIMBA) experiment. Contemporaneous precipitation measurements collectedon board the RVIB Nathaniel B. Palmer and accumulation measurements by automated ice massbalancebuoys (IMBs) allow us to document the proportion of snowfall that accumulated on level icesurfaces in the presence of high winds and blowing-snow conditions. Accumulation on the sea iceduring the experiment averaged 0.03mw.e. of precipitation on the ice floe.Accumulation changes on the ice floe were clearly associated with drifting snow and high winds.Drifting-snow transport during the SIMBA experiment was supply-limited. Using these results to informa preliminary study using a blowing-snow model, we show that over the entire Southern Oceanapproximately half of the precipitation over sea ice could be lost to leads.last_img read more

A reassessment of SuperDARN meteor echoes from the upper mesosphere and lower thermosphere

first_imgThe Super Dual Auroral Radar Network (SuperDARN) is a network of HF radars used to study phenomena in the Earth’s magnetosphere, ionosphere, and upper atmosphere. Phenomena in the upper mesosphere and lower thermosphere (MLT) can be studied as the SuperDARN radars act effectively as meteor radars at near ranges. However, SuperDARN meteor echo measurements from all heights have typically been combined together to give a height-averaged picture of large-scale characteristics and dynamics of the MLT. This is in part due to the uncertainty in the measurement of individual meteor echo heights, which is in turn partly due to the lack of reliable (and for some radars, the lack of any) interferometric information. Here, we present a method for calibrating SuperDARN interferometer data which reduces the systematic offsets in meteor echo height estimations. Using 9 years of SuperDARN data we then determine occurrence distributions of SuperDARN meteor echo heights. The distributions are approximately Gaussian with height, extending from ∼75 to ~125km and peaking around ~102-103km. In addition, we investigate whether the Doppler spectral width measured by the SuperDARN radars, which is related to the ambipolar diffusion coefficient for meteor echoes, can be used as a proxy measurement for meteor echo height. Due to the large spread of spectral width measurements at any one height we conclude that this proxy measurement is not practical and that the height of individual SuperDARN meteor echoes cannot be estimated without interferometric information. We also discuss how more accurate height information could be used to study the height variation of neutral wind velocities and the ambipolar diffusion coefficient across the MLT altitude range, and conclude that SuperDARN meteor echo observations have the potential to complement, and significantly extend the altitude range of, meteor echo observations from standard VHF meteor radars.last_img read more

Antarctica: the final frontier for marine biological invasions

first_imgAntarctica is experiencing significant ecological and environmental change, whichmay facilitate the establishment of non‐native marine species. Non‐native marinespecies will interact with other anthropogenic stressors affecting Antarctic ecosystems,such as climate change (warming, ocean acidification) and pollution, with irreversibleramifications for biodiversity and ecosystem services. We review currentknowledge of non‐native marine species in the Antarctic region, the physical andphysiological factors that resist establishment of non‐native marine species, changesto resistance under climate change, the role of legislation in limiting marine introductions,and the effect of increasing human activity on vectors and pathways of introduction.Evidence of non‐native marine species is limited: just four marine non‐nativeand one cryptogenic species that were likely introduced anthropogenically have beenreported freely living in Antarctic or sub‐Antarctic waters, but no established populationshave been reported; an additional six species have been observed in pathwaysto Antarctica that are potentially at risk of becoming invasive. We present estimatesof the intensity of ship activity across fishing, tourism and research sectors: theremay be approximately 180 vessels and 500+ voyages in Antarctic waters annually.However, these estimates are necessarily speculative because relevant data arescarce. To facilitate well‐informed policy and management, we make recommendationsfor future research into the likelihood of marine biological invasions in theAntarctic region.last_img read more

Scoreboard roundup — 5/23/18

first_imgMay 24, 2018 /Sports News – National Scoreboard roundup — 5/23/18 FacebookTwitterLinkedInEmailiStock/Thinkstock(NEW YORK) — Here are the scores from Wednesday’s sports events:INTERLEAGUEKansas City 5, St. Louis 2, 10 InningsHouston 4, San Francisco 1Cleveland 1, Chicago Cubs 0AMERICAN LEAGUEDetroit 4, Minnesota 1Texas 12, N.Y. Yankees 10L.A. Angels 5, Toronto 4Boston 4, Tampa Bay 1Chicago White Sox 11, Baltimore 1Seattle 1, Oakland 0NATIONAL LEAGUEMilwaukee 9, Arizona 2San Diego 3, Washington 1Philadelphia 4, Atlanta 0Miami 2, N.Y. Mets 1Pittsburgh 5, Cincinnati 4, 12 InningsL.A. Dodgers 3, Colorado 0NATIONAL BASKETBALL ASSOCIATION PLAYOFFSBoston 96, Cleveland 83 NATIONAL HOCKEY LEAGUE PLAYOFFSWashington 4, Tampa Bay 0WOMEN’S NATIONAL BASKETBALL ASSOCIATIONAtlanta 81, Chicago 63Minnesota 76, Dallas 68Seattle 87, Phoenix 71Copyright © 2018, ABC Radio. All rights reserved. Written bycenter_img Beau Lundlast_img read more

Utah Valley Women’s Golf Schedule Announced

first_img Written by July 11, 2018 /Sports News – Local Utah Valley Women’s Golf Schedule Announced Brad James Tags: Diamonte Country Club/Fresno State Classic/Hobble Creek Fall Classic/Seattle U./Sue Nyhus/UVU Women’s Golf FacebookTwitterLinkedInEmailOREM, Utah-Wednesday, Utah Valley University women’s golf head coach Dr. Sue Nyhus released the 2018-19 schedule for her squad, which runs from September-April.This also entails 11 events which will occur in seven different states.The Wolverines’ schedule commences September 10-11 as they play host at the Hobble Creek Fall Classic at Hobble Creek Golf Course of Springville.UVU then travels to Las Cruces, N.M. to compete at the NM State Invitational October 8-10 and then face WAC rival Seattle U. October 15-16 at the Harbottle Invitational hosted by the Tacoma (Wash.) Country & Golf Club.The fall portion of the schedule concludes October 28-30 as the Wolverines compete at the Diamonte Country Club of Hot Springs Village, Ark.The Wolverines return to competition after the winter season February 11-12 at the Battle of the Rock in Riverside, Calif. hosted by UC Riverside at Oak Quarry Golf Club.The Wolverines’ regular season concludes April 1-2 at the Fresno State Classic at the Copper River Country Club of Fresno, Calif.Seattle U. will serve as the host of the WAC conference golf tournament April 19-21 at Lakewood, Wash.last_img read more

Harding carries Weber St. over Idaho 93-59

first_imgCameron Tyson had 17 points for the Vandals (5-25, 2-17). Jared Rodriguez added 10 points. Scott Blakney had 10 points. Associated Press March 7, 2019 /Sports News – Local Harding carries Weber St. over Idaho 93-59 The Wildcats forced a season-high 22 turnovers. The Wildcats improve to 2-0 against the Vandals this season. Weber State defeated Idaho 93-87 on Dec. 31. Weber State finishes out the regular season against Eastern Washington at home on Saturday. Idaho finishes out the regular season against Idaho State on the road on Saturday. Brekkott Chapman had 17 points for Weber State (17-13, 11-8 Big Sky Conference). Dima Zdor added 12 points. Written by FacebookTwitterLinkedInEmailOGDEN, Utah (AP) — Jerrick Harding had 22 points as Weber State romped past Idaho 93-59 on Thursday night. Cody John added 20 points for the Wildcats. Tags: Big Sky/Jerrick Harding/Weber State Wildcats Basketballlast_img read more