Grace Kelly’s former Upper East Side mansion returning to market

first_img Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink In response, Goodman petitioned the court to dismiss the case, impose monthly payments or appoint a trustee to manage the property in order to protect its interest in the building, which was losing value during the pandemic.The lender argued in a motion last May that although it estimated the fair market value of the property was $25.9 million in early 2019, “it is indisputable that the real estate market has declined significantly since.”The trustee managing the bankruptcy appointed Rosewood Realty in late January to market and sell the building.The demand for townhouses has surged in some parts of the city, as buyers opt for more space and single-family homes. But data shows that hasn’t translated to higher prices on the Upper East Side.There were 37 townhouse sales in the area last year, down 60 percent from 2019, and only three were more than $20 million, compared to 11 the year before, per Leslie J. Garfield’s year-end report. But prices didn’t drop dramatically; the average sales price per square foot was $1,767, only 5 percent below the average in 2019.The brokerage, which specializes in townhouse sales, noted that there are signs of improvement for 2021. Ten Upper East Side townhomes were in contract on Dec. 31.Contact Erin Hudson Message* Full Name* Share via Shortlink The property on 73rd Street formerly owned by Grace Kelly. (Getty, StreetEasy)An Upper East Side building with a storied past is about to hit the market.The 35-foot-wide property at 51-53 East 73rd Street, which was owned by Grace Kelly before she became European royalty, is slated to list next month. Built in the 1880s, the building is between Park and Madison avenues, two blocks from Central Park.Until recently, the property was split between rental apartments and medical offices, though all tenants have been gone since a year ago. Greg Corbin of Rosewood Realty Group, who is handling the sale, said it will be marketed as a single-family mansion development opportunity.51-53 East 73rd Street (Courtesy of Goodman Capital)Shaun Rose, who is also working on the listing for Rosewood, noted that the 12,000-square-foot home also has air rights that could allow a new owner to expand the property by about 2,000 square feet. Both declined to comment on pricing.The property has a long history of going on and off the market, and is currently embroiled in the bankruptcy proceedings of its owners, the Ender family. Monique Ender Silberman, a former residential broker who manages the limited liability company listed as the owner, filed for Chapter 11 bankruptcy last year, which stopped the property from being sold in a foreclosure.Silberman’s family acquired the building in 1973 and she first listed it in 2011 for $33 million. She said at the time that the family decided to sell after being approached by a potential buyer, though that offer ultimately fell apart.In 2014 the property was at the center of scandal when its new listing agent, Dorothy Somekh of Halstead, was sued by Tiger 21, a networking group for wealthy entrepreneurs. Somekh was accused of persuading an employee of the secretive club to give her the confidential contact information for its members, then sent them the $45 million listing. The case was settled.The property appeared on the market again in 2015, seeking $42 million.The same year, the Ender family borrowed $15.3 million against the property from Castellan Real Estate. The loan was later assigned to Madison Realty Capital. The firm sued to foreclose on the property after the family missed two payments in summer 2017. Madison sold the note to Goodman Capital before the foreclosure sale, which was halted last year by the bankruptcy filing.Read moreMadison Realty Capital moves to foreclose on Grace Kelly mansionHistoric UES mansion hits market for $52MHusband of Town broker survives seven-story leap Tags Email Address* Celebrity Real EstateLuxury Real EstateManhattanResidential Real Estatelast_img read more

Strong sensitivity of Pine Island ice-shelf melting to climactic variability

first_imgPine Island Glacier has thinned and accelerated over recent decades, significantly contributing to global sea-level rise. Increased oceanic melting of its ice shelf is thought to have triggered those changes. Observations and numerical modeling reveal large fluctuations in the ocean heat available in the adjacent bay and enhanced sensitivity of ice-shelf melting to water temperatures at intermediate depth, as a seabed ridge blocks the deepest and warmest waters from reaching the thickest ice. Oceanic melting decreased by 50% between January 2010 and 2012, with ocean conditions in 2012 partly attributable to atmospheric forcing associated with a strong La Niña event. Both atmospheric variability and local ice shelf and seabed geometry play fundamental roles in determining the response of the Antarctic Ice Sheet to climate.last_img read more

NCAA Utah Golf Roundup: 5/15

first_imgMay 15, 2018 /Sports News – Local NCAA Utah Golf Roundup: 5/15 Written by Tags: Blake Tomlinson/Brandon Wu/BYU Men’s Golf/Charles Corner/Patrick Fishburn/Rhett Rasmussen/Stanford/Texas-El Paso/Utah Men’s Golf Brad James FacebookTwitterLinkedInEmailNORMAN, Okla.-Tuesday, during the second day of competition at the Norman, Okla. regional, the BYU men’s golf team advanced five spots in the team standings from ninth to fourth. The Cougars’ 573 points overall have them at -10, 295 during Tuesday competition.The current team leader is still host Oklahoma at -9 overall, including Tuesday play at -4, 283.BYU’s West Coast Conference rival, Pepperdine, is in second place at -7. On Tuesday, the Waves obtained an impressive -14, 295 to advance seven spots in the standings.The Cougars are currently in sixth place on Par 3, fifth place on Par 4, in twelfth place on Par 5, ninth in total pars (111), seventh in birdies (29) and fifth in eagles (1).BYU sophomore Rhett Rasmussen is currently the leader at Par 3 at 2.63, -3  and Patrick Fishburn is in sixth at Par 4 (3.85, -3) and third at Par 5 (4.38, -5). Fishburn also has the lead in overall birdies at the tournament at 12.If teams place in the top five, they advance to the NCAA Division I men’s golf championships May 25-30 at Stillwater, Okla.STOCKTON, Calif.-Utah golf star Blake Tomlinson moved up three spots in the individual standings from 13th to 10th at the Stockton Regional hosted by the University of the Pacific Tuesday. To get to this point, Tomlinson shot a 2-under par (70). Tomlinson’s collective score headed to the third and final day of competition is 4-under par (140).The present individual leader is Texas-El Paso’s Charles Corner who is at -6 (1 under par) based on Tuesday competition and the overall leader is Stanford’s Brandon Wu at 10 under par.Tomlinson concludes his regional appearance at 11:04 am MDT Wednesday morning.last_img read more

Weber State Football Visits Sacramento State Saturday In Top 10 Showdown

first_img Brad James FacebookTwitterLinkedInEmailSACRAMENTO, Calif.-Saturday, No. 3 Weber State (6-2, 4-0 in Big Sky Conference play) visits No. 6 Sacramento State (6-2, 4-0 in Big Sky) for the inside track to the Big Sky title and FCS playoff positioning.The Wildcats score 30 points per game, tying them for 46th nationally with Southern U. and Mercer. Junior quarterback Jake Constantine completing 63.3 percent of his passes (100-158) for 867 yards, three touchdowns and four interceptions.Sophomore signal-caller Kaden Jenks completes 54.4 percent of his passes ( 43-79) for 458 yards, four touchdowns and an interception.Sophomore tailback Josh Davis (107 car, 690 yards, 8 TD’s) ranks 14th nationally with 6.4 yards per carry.Junior tailback Kevin Smith Jr. (90 car, 406 yards, 2 TD’s) and redshirt freshman back Kris Jackson (58 car, 294 yards, 8 TD’s) have also been solid in the backfield for the Wildcats.Sophomore receiver Devon Cooley (35 rec, 431 yards, 2 TD’s) junior receiver David Ames (29 rec, 237 yards, TD) and junior receiver Rashid Shaheed (17 rec, 209 yards, 3 TD’s) all lead the Wildcats in the receiving department.Junior kicker Trey Tuttle makes 15 of his 17 field goal attempts and 25 of his 26 PAT’s on the season for the Wildcats.The Wildcats rank 17th nationally in scoring defense (20.4 points per game) and are third nationally in turnover margin (+12), trailing only Princeton and Mississippi Valley State.Senior defensive end Jonah Williams (5 sacks) leads the Wildcats in that category. Redshirt freshman cornerback Eddie Heckard and sophomore safety Brody Burke have two interceptions apiece to pace Weber State.Heckard also has two forced fumbles as does junior safety Preston Smith. The Wildcats are led in forced fumbles by redshirt sophomore defensive end George Tarlas.Sacramento State comes in as one of the better teams in the country statistically.The Hornets rank fourth nationally in scoring offense (40.4 points per game).Junior signal-caller Kevin Thomson completes 65.7 percent of his passes on the season (190-288, 13th nationally) for 2,275 yards (13th nationally), 23 touchdowns (tied for 5th nationally with UC Davis’ Jake Maier and Dayton’s Jack Cook) and 6 interceptions. Thomson has also run for 7 touchdowns on the season.The Hornets’ leading tailback is junior Elijah Dotson (92 car, 442 yards, 5 TD’s) and fellow junior back BJ Perkinson (53 car, 246 yards, 4 TD’s) has also contributed effectively. Dotson has also been an effective receiver with 53 grabs for 612 yards and four scores.Sophomore receiver Pierre Williams (38 rec, 656 yards, 5 TD’s) is Sacramento State’s overall statistically-leading receiver, netting a team-best 82 yards per game and tied with Dotson for five scoring grabs to lead the team.Senior kicker Devon Medeiros has made three of his six field goal attempts on the season and 31 of his 33 PAT’s.Defensively, the Hornets are just as good as they are offensively, surrendering only 19.5 points per game. This ranks them 14th nationally.Senior defensive lineman George Obinna is tied for fourth  nationally with 9.5 sacks on the season, with Montana State’s Bryce Sterk.They rank third in team sacks (32), as the Hornets trail only Sam Houston State (34 sacks) and Illinois State (33 sacks).Senior defensive lineman Darlyn Choates leads Sacramento State with three forced fumbles.In interceptions, sophomore linebacker Miguel Garcia and junior defensive back Daron Bland have two apiece to pace a highly effective Hornets defense.This is the 24th all-time meeting between these schools on the gridiron. The Wildcats lead the Hornets 15-8 all-time with the Hornets leading the series 7-4 all-time at Sacramento, Calif. October 30, 2019 /Sports News – Local Weber State Football Visits Sacramento State Saturday In Top 10 Showdown Tags: Sacramento State Football/Weber State Football Written bylast_img read more

Petrofac secures well management contract for IOG’s Core Project

first_imgPetrofac’s Engineering & Production Services business (EPS) will provide planning, execution and close-out phases of the Phase 1 drilling programme Petrofac has performed well operator role for nine other companies in the UK North Sea. (Credit: FreeImages/QR9iudjz0) UK-based oilfield services firm, Petrofac has been selected by Independent Oil and Gas (IOG) for the Core Project Phase 1 well management contract.The firm has secured the contract in a competitive tendering process and after receiving the approval of the Phase 1 Field Development Plan (FDP) by the UK Oil and Gas Authority (OGA) last month.Under the five-well contract, Petrofac’s Engineering & Production Services business (EPS) will be responsible for the planning, execution and close-out phases of the Phase 1 drilling programme.Petrofac will also support development of the Southwark, Blythe and Elgood fields in the UK Southern North Sea (SNS) and will act as Well Operator on behalf of IOG, a role it has performed for nine other companies in the UK North Sea.IOG CEO Andrew Hockey said: “We are very pleased to have selected Petrofac as the well management contractor for Phase 1 of our core UK SNS gas development.“Petrofac has demonstrated that they have the right credentials and expertise to execute what will be a critical role in helping IOG to deliver a safe, productive and cost-effective five-well Phase 1 drilling campaign kicking off in the first half of next year.“The IOG drilling and subsurface teams have already established a strong working relationship with the Petrofac team in recent months and this will deepen further as Phase 1 drilling preparations ramp up.”Petrofac will also provide engineering, procurement and logistics services for the projectA detailed well design, risk assessment and management of well-related regulatory requirements are included in the planning phase of the project.Furthermore, the firm will also manage engineering, procurement and logistics, as well as the construction and integrity, and provide onshore and offshore personnel to support the drilling campaign at the time of the execution phase.In April this year, Petrofac extended the scope of its contract with Repsol Sinopec Resources UK for the latter’s offshore maintenance operations across the UK North Sea.last_img read more

Total invests $583m to convert Grandpuits refinery into zero-crude platform

first_img Total invests $583m to convert Grandpuits refinery into bio plant. (Credit: Frauke Feind from Pixabay.) French oil and gas company Total is investing more than €500m ($583m) to convert its Grandpuits refinery into a zero-crude platform.With the investment, the refinery will be converted to produce renewable diesel,  bioplastics, and support plastics recycling.It will also feature two photovoltaic solar power plants.In the first quarter of 2021, crude oil refining at the Grandpuits refinery will be stopped and the storage of petroleum products will be ceased in late 2023.However, the refineries at Donges and Normandy will continue to support operations at service stations and airports in the Greater Paris region.New biorefinery will mainly produce renewable diesel for aviation industryTotal’s investment will be utilised for the construction of a bio-refinery plant which will produce renewable diesel, mainly for the aviation industry.The new facility will have capacity to process 400,000 tonnes per year with potential to produce 170,000 tonnes of sustainable aviation fuel, 120,000 tonnes of renewable diesel and 50,000 tonnes of renewable naphtha.The oil and gas company is planning to commission the new bio-refinery in 2024.The company, in a 50/50 joint venture with a Dutch food and biochemicals company Corbion, will build bioplastics facility.In addition, Total along with Plastic Energy will also construct a plastics recycling plant in France.Said to be the first chemical recycling facility in the region, the plant will use new innovative recycling technology to convert plastic wastes into a liquid called TACOIL via a pyrolysis melting process.The TACOIL will be utilised as feedstock to produce polymers.The investment will also utilised to build two photovoltaic solar power plants, which will be built and operated by Total’s wholly-owned subsidiary Total Quadran.One project with 28MW of capacity will be built at the Grandpuits site and the other with 24MW of capacity at the Gargenville site.In April, Total Quadran won 135MW of solar projects in the a renewable energy auction conducted in France. Crude oil refining at the Grandpuits refinery will be stopped in the first quarter of 2021last_img read more

New Zealand Navy to Decommission Principal Hydrographic Survey Vessel

first_img View post tag: Principal Back to overview,Home naval-today New Zealand Navy to Decommission Principal Hydrographic Survey Vessel View post tag: Hydrographic HMNZS RESOLUTION, the RNZN’s principal hydrographic survey vessel will decommission from service at a formal ceremony in the Devonport Naval Base on Friday 27 April 2012.Media are invited to the event which will be attended by the Chief of Navy and other senior military dignitaries. During the ceremony the Ship’s New Zealand White Ensign will be lowered and the entire ship’s company will march off the ship, with the final person to depart being the Commanding Officer.“The ceremony on Friday will provide a fitting closure for this unique ship that has served the people of New Zealand admirably,” says Chief of Navy, Rear Admiral Tony Parr.The last act of the ceremony will be the Commanding Officer returning the symbol of Command for HMNZS RESOLUTION – ‘Tewhatewha’, to the Chief of Navy. Each RNZN ship carries a symbol of command, which is passed between Commanding Officers. RESOLUTION has a Tewhatewha (or small axe) as its symbol, which will be returned to the Navy Museum on completion of the decommissioning events.[mappress]Naval Today Staff , April 26, 2012; Image: navy New Zealand Navy to Decommission Principal Hydrographic Survey Vessel April 26, 2012 View post tag: New View post tag: Naval View post tag: News by topiccenter_img View post tag: Decommission View post tag: Zealand View post tag: survey Industry news View post tag: vessel View post tag: Navy Share this articlelast_img read more

Bo Guagua enrolls at Columbia Law School

first_imgBo Guagua, the son of disgraced Chinese diplomat Bo Xilai, has reportedly enrolled at Columbia Law School in New York, in order to continue his studies in the US.The news emerged last week after a journalist for Chinese magazine Caixin tweeted a screen-shot of the Columbia University student directory. The web page lists Bo Guagua’s name, student number and university email address.Experts believe that Mr Bo, who was an undergraduate at Balliol College, Oxford, is unlikely to ever return to China following the imprisonment of his mother, Gu Kailai, for the murder of British businessman Neil Heywood.She claimed at her trial that she poisioned Heywood after he threatened the safety of her son.Bo Guagua’s father, Bo Xilai, is expected to stand trial for corruption in China in the coming weeks, after the investigation into Heywood’s murder exposed a network of corruption in the Communist Party.Last week the LA Times reported claims that Bo Xilai may have struck a deal with prosecutors in order to protect his son.One of their political commentators, Hu Ping, a Chinese exile based in New York, wrote, “If the old man doesn’t accept his crimes, they’ll go after his son. Bo Xilai has to cooperate with the authorities to make sure his son can avoid trouble.”last_img read more

Union Librarian Brendan McGrath avoids impeachment

first_imgThe 68% vote in favour of McGrath comes after the 12 hours of deliberation that an impeachment motion in the Oxford Union entails. On the day of the vote supporters and allies of McGrath mobilised a “Vote No” campaign on Facebook, posting social statuses that presented McGrath’s potential impeachment as symptomatic of ‘toxic politics’. A notice has been pinned on the Oxford Union noticeboard that reads “The Librarian remains in office. The Motion of Impeachment is unsuccessful”. Brendan McGrath, against whom a motion for impeachment was filed on Thursday 7th, has won his vote not to be impeached by 400 votes to 189.center_img More on this story is expected to follow.last_img

Cup Winner

first_imgDespite a slowdown in the number of coffee shops opening on the high street, the big three – Starbucks, Costa Coffee and Caffé Nero – are focusing on the quality of their food offering for future growth. With recent figures showing mixed fortunes for muffins in the retail sector, the growth in branded coffee outlets could see gains for a select few muffin suppliers.The coffee bar sector is now worth £2.2bn and continues to grow by 10 to 15% a year, with branded outlets taking market share from the independents. The branded retail coffee market is set to break through the £1bn barrier in 2007, from £630m in 2004, according to Caffé Nero. Muffins are fetching a premium as one of the primary add-on sales with coffee.Caffé Nero claims to be the fastest growing of the coffee chains. It sells around 53,000 muffins each week across its 245 stores. Paul Ettinger, commercial director, told British Baker’s Baking Industry Summit in November that the firm’s strong position has been built on the quality of its food offering.Recipe developmentHe explained that, alongside Viennoiserie and sandwiches, muffins are a key part of the coffee experience. A focus on recipe development has helped distinguish the Caffé Nero brand. “This is what has pulled us out from our competitors. A large part of our success has been down to the level and depth of detail we are prepared to go into to get each product absolutely right for the market. Each muffin sells with a coffee – it is an absolutely critical part of our business,” said Mr Ettinger.The British public will be tempted by new flavours, such as Caffé Nero’s recently introduced apple and ginger muffin. But UK tastes are essentially conservative, with blueberry and chocolate the leading sellers, he said. “I think there is a level to which people are prepared to experiment but it is a very well-defined level. We have seen that with our muffins. Chocolate and blueberry are still by far and away our biggest sellers. When we brought out innovative recipes they didn’t work.”Consistency of appearance is also key – a sad, under-risen batch will be rejected. Selling huge volumes of muffins – and the company has sold in excess of 2.6m muffins this year already – means that producing flawlessly consistent product is a challenge for muffin suppliers. “If we suddenly have a bad batch, where the ‘mushroom’ comes out a bit flat, our sales will halve. It’s absolutely extraordinary. Getting, not just that consistency of flavour but that consistency of shape, is vital,” said Mr Ettinger.A mistake it has made in the past was thinking people would sacrifice taste and texture for a healthy option. Caffé Nero’s original low-fat muffin was a disaster, he admitted. But he claims to have got the balance right with a reduced-fat blueberry muffin, which is slightly less indulgent at 14.5g of fat and 353 calories, compared with 23.6g and 432 calories for its regular blueberry muffin. “We had lots of complaints that the low fat muffin didn’t taste good, the texture was bad, and it wasn’t what people expected from Caffé Nero,” he said. “What they actually wanted was something that made them feel good that also tasted good.” Muffin BreakAnother company with its eye on the coffee and muffin market is Muffin Break, a brand of franchised foodservice outlets with 300 stores in six countries. The brand announced its move into the UK in 2001, opening two outlets in Derby and Nottingham. It now has 18 across the UK.New Zealander Mike Arbuckle, director of Foodco UK, the owner of the Muffin Break trademark in this country, says a niche exists in Britain for a coffee chain freshly baking goods on-site. All its muffins are baked daily on the premises from a premix imported from Australia, made from Queensland flour.“The British market is used to buying this kind of product in packaging with a use-by-date,” says Mr Arbuckle. “They’re not as used to freshly baked product and there’s not many people doing that. We came here in 2000 and carried out a market study. We determined that the coffee quality, in general, was poor and that there was no national retail café/bakery chain. We are now using franchisee’s investment to grow our business in the UK.” The business’s expansion, he says, is opportunity led, without set targets. “We are very careful where we open. We have a planned growth strategy – I want to build a strong business and we haven’t found any trouble attracting franchisees.”The prime product is coffee, supported by muffins and a small range of cookies, sandwiches, savoury items and cakes. “Our theory is that if you get the coffee business, you get the food business. We’re beginning to see that shopping centre customers will go to where the best coffee is, and they’ll buy a muffin to go with it.” It also offers a range of ‘frappé’ and milk-based products, as well as traditional soft drinks.“There are a lot of differences in the market from where we’ve come from. It’s been a learning process. Customers here lunch more than snack and there’s a general misunderstanding about coffee – there’s a lot of bad coffee out there!”The Muffin Break shopping mall and convenience foodservice format originated in Canada and developed in Australia and New Zealand (where it has 170 stores). With 200 choices of muffin mix available, the company is some way ahead of the UK market. But what works in Australia does not necessarily meet with success here, comments Mr Arbuckle.Paying a premium As with Caffé Nero, a muffin will carry a premium, selling for between £1.40 and £1.60. “We are at a premium over other operators, but we will still sell 28 dozen in one day in Nuneaton, for example,” he says.“You could actually make anything into a muffin, like rhubarb and pumpkin, if you thought people would eat it. As a franchise we have operational guidelines and recipe books. But we don’t dictate other than that there should be five standard muffin varieties per day. Every day we will arrange 16 different varieties in our cabinets.Sales of healthy options are picking up, he adds, including a high-fibre sweet muffin, a low-fat muffin and a soon to be introduced gluten-free muffin, which has done well abroad. Dawn FoodsMaggie Dagostino, marketing director at Dawn Foods, which supplies coffee chains, agrees that there is room for healthier products. Market leader Starbucks already sells a variety of ‘Skinny’ muffins, including chocolate vanilla, blueberry and peach and raspberry, she notes.“If you asked me if you thought health was a big driver in the sweet bakery sector, I’d say no. But there are areas of the market that need servicing and low fat is attractive to certain people – not so much in the traditional high street craft bakeries, but certainly in the more cosmopolitan side of foodservice,” she comments. In response, Dawn recently introduced a lower-fat, lower-sodium muffin. Ms Dagostino also thinks a lot more could be done with flavours for smaller children’s products. “You can make them slightly healthier and mums would buy into that,” she says.Commenting on the TNS data, she voices doubts about whether the category is in decline in retail, despite figures suggesting a fall in muffin value sales by 12.6% and huge disparities between individual supermarkets’ performance. “That rings alarm bells because, generally speaking, a trend is a trend. My feeling is the market is still showing growth. People are developing formats and shelf space is still being provided. We have seen retail price rises recently, which the market seems to be sustaining.”A more surprising trend might be the decline of the blueberry muffin, she observes. “We did a huge amount of research last year and people still want traditional flavours. But they are turning more towards red fruits and that is where the growth is. Blueberry muffins can sometimes look a bit murky.”last_img read more