GCL New Energy selling USD 14 million of PV equipment to China Finance

first_imgGCL New Energy selling USD 14 million of PV equipment to China FinanceThe solar PV manufacturing equipment will be sold to China Finance in two separate transactions, and will then be leased back to two separate subsidiaries of the GCL New Energy group, as the company looks to raise capital to reduce its debts and stimulate business development. October 20, 2016 Sam Pothecary Finance Markets Markets & Policy Share A somewhat complicated transaction has been revealed within a GLC New Energy filing, which outlines the sale of its PV manufacturing equipment to China Finance, only for it to be leased back to subsidiaries of the company. The transaction is being used to raise additional liquidity, in a bid to support the company’s business operations.There have been two deals set up between GCL New Energy, China Finance, and several of the company’s other subsidiaries. The first is a deal for Gaoyou PV Power Generation Equipment, to be sold to China Finance for RMB 61, 337, 800 (USD 9.1 million). That equipment will then be leased to Gaoyou GCL (a subsidiary of GNE) for ten years, at a total cost, including administrative fee, of RMB 79, 135, 595.59 (USD 11.7 million).The second deal, identical in its structure, is for Baoying PV Power Generation Equipment being sold to China Finance for RMB 36,896,047.58 (USD 5.5 million), then to be leased to Baoying GCL (a subsidiary of GNE) for ten years, at a total cost, including administrative fee, of RMB 47, 829, 357.35 (USD 7.1 million).The company announced that the reason for the deal is to raise additional liquidity, which will give the company further working capital to support its business and operational activities. At the beginning of the year, the company announced that it was looking to raise significant capital to reduce the company debt and to stimulate business development, particularly in the solar plant segment.This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: [email protected] content ITRPV: Large formats are here to stay Mark Hutchins 29 April 2021 pv-magazine.com The 2021 edition of the International Technology Roadmap for Photovoltaics (ITRPV) was published today by German engineering association VDMA. The re… Submarine cable to connect 10.5 GW wind-solar complex in Morocco to the UK grid Emiliano Bellini 22 April 2021 pv-magazine.com UK-based Xlinks is planning to build 10.5 GW of wind and solar in Morocco and sell the power generated by the huge plant in the UK. 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In the Europea… Enabling aluminum in batteries Mark Hutchins 27 April 2021 pv-magazine.com Scientists in South Korea and the UK demonstrated a new cathode material for an aluminum-ion battery, which achieved impressive results in both speci… The Hydrogen Stream: 20 MW green hydrogen plant in Finland, two Australian projects move forward Sergio Matalucci 20 April 2021 pv-magazine.com Storegga, Shell and Harbour Energy want to set up a 20 MW blue hydrogen production facility in the U.K. Australia’s Origin Energy wants to build a hy… ITRPV: Large formats are here to stay Mark Hutchins 29 April 2021 pv-magazine.com The 2021 edition of the International Technology Roadmap for Photovoltaics (ITRPV) was published today by German engineering association VDMA. The re… 123456iAbout these recommendationsShare Sam Pothecary Sam joined pv magazine in 2016, primarily to manage the magazine’s online presence. 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Morocco investigates the potential of sustainable clean cooking

first_img BRICS This low cost alsodissuades any incentives for energy efficiency improvements. Generation In addition, theheavily subsidised production and distribution of butane is a growing burden onMorocco’s budget and trade balance, as a variety of non-intended users takeadvantage of its low cost. RELATED ARTICLESMORE FROM AUTHOR Expertsand stakeholders from across Morocco and beyond gathered last week in Rabat fora workshop on Sustainable Clean Cooking – The outlook for electriccooking in Morocco. An optimistic futurefor renewables in Morocco was echoed by Said Mouline, Director General of theMoroccan Agency for Energy Efficiency, who highlighted how the cost of solar PVsystems has reached a tipping point. In order to directly illustrate futurepossibilities for electric cooking in Morocco, experts from the Modern EnergyCooking Services (a partnership of experts led by the UK and supported by theEnergy Sector Management Assistance Program of the World Bank Group) and TheEnergy Resources Institute of India showcased a range of efficient andaffordable electric cooking solutions. Finance and Policy AFD and Eskom commit to a competitive electricity sector Sign up for the ESI Africa newsletter In his openingremarks, Mohamed Ouhmed, director of renewable energy and energy efficiency inthe Ministry of Energy, Mines and Sustainable Development, affirmed that cleancooking, along with renewable energy generation, is central to Morocco’s cleanenergy transition. In this context, the goal of the workshop was to investigate the role that electric cooking has to play in meeting these two challenges: developing clean cooking solutions for rural families who rely on firewood, and reducing dependence on butane as a first step to progressive removal of subsidies. Read more stories about Morocco Over the course of two days, participants discussed current trends in household cooking in the country with the aim of identifying pathways towards a cleaner and sustainable solutions.   The event was co-hosted by the Moroccan Ministry of Energy, Mines and Sustainable Development, the Moroccan Agency for Energy Efficiency, and the International Energy Agency. As such, electriccooking supported by PV systems could play a huge role in addressing the cleancooking challenge, while limiting the impact of increased electricity demand onthe power system, including on consumer bills. Technologies discussed included inductionplates and electric pressure cookers connected to the grid or part of off-gridsystems. Image: [Petr Podroužek]©123RF.com However, people livingin rural areas who do not have access to the butane distribution system aremore reliant on collected firewood. This not only exacerbates deforestation,but is also detrimental to their health and livelihoods. Morocco has higherlevels of access to clean cooking than most African countries through thewidespread use of butane. Low carbon, solar future could increase jobs in the future – SAPVIA TAGSclean powerIEAMorocco Previous articleFifth Investing in Africa Forum leverages partnershipsNext articleSAB agricultural centre brewing emerging farmers Babalwa BunganeBabalwa Bungane is the content producer for ESI Africa – Clarion Events Africa. Babalwa has been writing for the publication for over five years. She also contributes to sister publications; Smart Energy International and Power Engineering International. Babalwa is a social media enthusiast. Rebecca Gaghen, Headof Europe, Middle East, Africa and Latin America at IEA, also provided openingremarks in which she highlighted the excellent working relationship the IEA haswith Morocco, the IEA’s first Association country in Africa, and noted theirleadership on providing access to energy. UNDP China, CCIEE launch report to facilitate low-carbon developmentlast_img read more

Cornelissen Storms to a Three-Time Win in Stockholm

first_img Subscribe to the Horse Sport newsletter and get an exclusive bonus digital edition! SIGN UP Email* We’ll send you our regular newsletter and include you in our monthly giveaways. PLUS, you’ll receive our exclusive Rider Fitness digital edition with 15 exercises for more effective riding. The Netherlands’ Adelinde Cornelissen and Jerich Parzival stormed to victory in the third leg of the 2010/2011 Reem Acra FEI World Cup™ Dressage series in Stockholm, Sweden this afternoon.  The 31 year old rider who suffered such deep disappointment when eliminated on her first appearance at the Alltech FEI World Equestrian Games™ in Kentucky in September after Parzival bit his tongue, bounced back with a performance that had “winner” written all over it.  And it was a special moment as Cornelissen celebrated her third consecutive victory at the Swedish venue where she also topped the Freestyle line-up in 2008 and 2009.On yet another great day for Dutch dressage, nine-time FEI World Cup™ Dressage champion Anky Van Grunsven produced a lovely Freestyle test from IPS Painted Black to secure runner-up spot ahead of Edward Gal and Interfloor Next One in third. Germany’s Isabell Werth, winner at the first two legs of the series in Odense, Denmark and Lyon, France did not compete this afternoon but still heads up the series leaderboard going into the next round at Olympia in London in December.  However the Dutch contingent look set to pose a serious threat to the leading pack in the coming weeks.Led the WayIt was Helen Langehanenberg, reserve rider for the German dressage team at the 2008 Beijing Olympic Games, who led the way at the halfway stage after racking up a score of 72.10 with an impressive performance from Damon Hill NRW.  The 28 year old rider first competed this stallion when her tutor, Ingrid Klimke, broke her shoulder in 2005 and subsequently topped the World Championship for Young Dressage horses with him. And today the partnership showed further promise in their very first World Cup class together, the 10 year old horse displaying exceptional gentility in his elegant extended trot and light and lively canter-work to earn artistic marks of over 70 per cent from all five judges.Their target-score remained in place until German counterparts, Matthias Alexander Rath and Sterntaler-Unicef, put 74.40 on the board with a smooth and fluid test but, fourth-last into the arena, Edward Gal further raised the bar with a score of 75.05 from Interfloor Next one with which he won both the Grand Prix and Freestyle at the 3-Star show in Oslo, Norway last month.  “He was a little bit tense today, I guess he is not used to being photographed so much!” said the Dutchman who has earned superstar status in the sport of dressage following his extraordinarily successful partnership with the record-breaking stallion Moorlands Totilas which was sold to Germany in the immediate aftermath of their triple gold medal winning success at the Alltech FEI World Equestrian Games™.  “Towards the end he could relax and he did a good job. I´m pleased” said Gal whose trademark precision and soft riding style was very much in evidence once again today.Swept Him AsideHis lead was short-lived however as Van Grunsven swept him aside with a great performance from IPS Painted Black.  Wonderful canter half-pass, fabulous extended trot and the ability to stay in rhythm to their score, even in walk, saw them register a mark of 81.15 and threw down the gauntlet to the remaining two riders.  “This is one of my best Freestyles ever with Painted Black! We had one little mistake in the extended canter, but except that everything went just the way I wanted!” said the very pleased multiple champion afterwards.  However Cornelissen and Parzival were well up to the challenge, the powerful chestnut’s lovely balanced pirouettes, easy canter changes and big, open canter half-pass building up to the strong finish that put 83.85 on the board to leave the result in no doubt – Sweden’s Patrik Kittel and Watermill Scandic having to settle for fourth place with a score of 74.75 when last into the ring.“It’s really good to be back!” said Cornelissen afterwards.  “Kentucky didn’t go the way I planned it but Parzival was in great shape then, there’s no question about that, and he’s back in great shape again now” she added.  She said she gave him a break after their disappointing early departure from Kentucky –  “and then I slowly built him up again with training.  This is our first competition since then and he was really calm and relaxed today – he was a happy athlete!” she added.  Now she plans to take him to Olympia in London in December and she has the qualifiers in Amsterdam, The Netherlands in January and Gothenburg. Sweden in February in her sights for the new year.  “I’m hoping to get to the final in Leipzig – that’s my goal” she pointed out.The next leg of the 2010/2011 Reem Acra FEI World Cup™ series takes place at Olympia, London 14-15 December.  For all information on the London fixture go to website http://www.olympiahorseshow.com/ or contact Press Officer Kelly Smith, Email [email protected], Tel +44 s1753 847 900.Results1. Jerich Parzival (Adelinde Cornelissen) NED 83.8502. IPS Painted Black (Anky Van Grunsven) NED 81.1503. Interfloor Next One (Edward Gal) NED 75.0504. Watermill Scandic HBC (Patrik Kittel) SWE 74.0505. Ster—ntaler-Unicef (Matthias Alexander Rath) 74.4006. Damon Hill NRW 72.1007. IPS Tango (Hans Peter Minderhoud) NED 72.0008. Leo Af Magnshoj (Nina Hoffman) Sweden 70.550|9. Pro-Set (Lillann Jebsen) NOR 70.35010. Favourit (Tinne Vilhelmson-Silfven) SWE 69.60011. Blue Hors Romanov (Sune Hansen) DEN 69.20012. Feleciano (Heike Kemmer) GER 67.75013. Biggles (Kristian von Krusenstierna) SWE 66.90014. Skovlunds Mas Guapo (Mikaela Lindh) FIN 66.90015. Lydianus (Charlotte Haid Bondergaard) SWE 66.450.Facts and Figures– Stockholm staged the third leg of the 2010/2011 Reem Acra FEI World Cup™ Dressage series.– Today’s winner, Adelinde Cornelissen from The Netherlands, previously won the FEI World Cup™ qualifier at the same venue in 2008 and 2009.– Adelinde Cornelissen and Jerich Parzival also won yesterday’s (Saturday’s) FEI Grand Prix in which her Dutch counterpart, Anky Van Grunsven, finished second with IPS Painted Black.– The Ground Jury for today’s competition was as follows: At E – Ann Gribbons, At H – Gustaf Svalling, At C – Leif Tornblad, At M Vincenzo Truppa, At B – Annette Fransen Iacobaeus.– The 2010/2011 Reem Acra FEI World Cup™ Dressage series continues at Olympia, London on 14/15 December.– There are 10 qualifying rounds before the final which takes place in Leipzig, Germany 27 April to 1 May 2011.QuotesToday’s winner, Adelinde Cornelissen (NED) “It was really good today, I haven¨t really practiced my Kur since Kentucky”.Adelinde Cornelissen, talking about having to leave the arena with Parzival during the prize-giving today – “I was asked to take Parzival to the prize giving, and I wanted to, for the crowd, but it was too much for him…”Patrik Kittel, Sweden who placed fourth with Watermill Scandic – “I´m pleased with Scandic today. It´s getting better and better:”Leif Tornblad (Judge at C) – “It was a pleasure judging here today” Horse Sport Enews More from Horse Sport:Christilot Boylen Retires From Team SportAfter an exemplary career as one of Canada’s top Dressage riders, seven-time Olympian Christilot Boylen has announced her retirement from team competition.2020 Royal Agricultural Winter Fair CancelledFor only the second time in its history, The Royal Agricultural Winter Fair has been cancelled but plans are being made for some virtual competitions.Royal Agricultural Winter Fair Statement on 2020 EventAs the Province of Ontario starts to reopen, The Royal’s Board and staff will adhere to all recommendations put forward by government and health officials.Government Financial Assistance for Ontario FarmersOntario Equestrian has recently released this update of several financial assistance packages available, including those for farm business.last_img read more

Special Education Teacher:  Bard High School Early College Queens

first_imgThe Bard Early Colleges, tuition-free, satellite campuses of BardCollege operated through partnerships with public school systems,are founded on the belief that many high-school-age students areeager and ready for the intellectual challenges of a collegeeducation.Employer Website: https://apply.interfolio.com/85272Bard High School Early College Queens, a partnership of BardCollege and the New York City Department of Education, invitesapplications for a full-time position beginning Fall 2021. BHSEC, anational model in the field of public school reform, enablestalented and highly motivated students to move in four years fromthe ninth grade through the first two years of college, with manyearning an associate of arts (A.A.) degree from Bard College aswell as a high school diploma. The academic program emphasizessmall class size and a commitment to teaching a diverse studentbody in a liberal arts environment.BHSEC Queens is seeking a licensed special education teacher toteach in our program. The successful candidate will be working withan awesome team of students, families, and teachers to accomplishthe following responsibilities:Manage a caseload of students requiring ICT servicesCo-teach in classroomsCollaborate with faculty to address needs of individualstudents; design assignments and provide discipline-specificsupport for studentsAssess students and identify supports that promote optimallearningProvide direct services to students in one-on-one and smallgroup sessionsWrite Individualized Education Plans for students on yourcaseloadInterest in working with faculty on inquiry approaches toteaching and learning as well as promoting best practices based onstudents’ IEPs.Update records on SESIS as applicableCommunicate regularly with families to keep them informed andmake them partners in students’ progress.Candidates should possess a Master’s degree or higher in a relevantfield, and demonstrate a commitment to teaching a diverse studentbody in a liberal arts environment. Special education certificationand training required. Additional certification as an EnglishLanguage Learner instructor will be given additional preference.Candidates should be flexible, have knowledge of a variety oftechniques to support struggling learners, and be familiar with IEPprocess as well as SESIS.To apply, send a letter of interest, a curriculum vitae, contactinformation for at least three references, and a brief (c. 250word) description of an experience you had as a student or as ateacher that has influenced your teaching. These documents can besubmitted through the Interfolio job application link providedhere: http://apply.interfolio.com/85272For relatively recent graduates, please also upload a copy of yourundergraduate and graduate school transcripts.Bard High School Early College Queens is an equal opportunityemployer and we welcome applications from those who contribute toour diversity.AA/EOElast_img read more

Stuy Town to get new 17K sf grocery store

first_img Full Name* 421-427 East 14th Street (Google Maps, iStock)A new supermarket is coming to Stuy Town.Chef’s Local Harvest inked a 17,300-square-foot lease at 421-427 East 14th Street, taking over a former Associated Supermarket store, according to Okada & Company, the firm representing the grocer.The location has been left mostly vacant since the onset of the pandemic, according to amNew York, which first reported the deal. The building is owned by Blackstone Group, which bought the massive Stuyvesant Town-Peter Cooper Village complex in 2015.Father-and-son pair Paul and Aaron Fernandez own the store, along with eight other grocery stores in the city, including the Union Market chain and Ideal Marketplace.ADVERTISEMENTThe store, which has about 10,000 square feet on the ground level along with 7,300 square feet of the usable basement, will be renovated and is expected to open early 2022.Okada & Company’s agent Matthew Fernandez — who is related to the grocery’s owners — handled the deal. JLL and Ripco Real Estate represented Blackstone Group. [amNY] — Akiko MatsudaRead moreCity sides with tenants at Stuy Town in case against BlackstoneStuy Town tenants sue Blackstone to stop rent hikesBehind Blackstone’s “capital strike” This content is for subscribers only.Subscribe Now Email Address*center_img Message* Contact Akiko Matsudalast_img read more

Veszprem’s routine win in Brest

first_imgPingback: Victoire de routine de Veszprem à Brest – Handball Actu ShareTweetShareShareEmailCommentsTelekom Veszprem have celebrated a routine victory in Brest, where Meshkov haven’t been on the same level – 30:37 (17:20). Dragan Gajic and Petar Nenadic were TOP scorers in the winning team with eight goals each.Meshkov Brest-Veszprem 30-37 (17-20)Meshkov Brest: Mikita Vailupau 5, Marko Panic 4, Alexsander Shkurinskiy 4, Jaka Malus 4, William Accambray 3, Darko Djukic 3, Viachaslau 2, Simon Razgor 2, Sandro Obranovic 1, Andrei Yurynok 1, Nemanja Obradovic 1.Veszprem: Dragan Gajic 8, Petar Nenadic 8, Vuko Borozan 6, Rasmus Lauge 6, Manuel Strlek 5, Kent Tönnesen 3, Rogerio Ferreira 1.STANDING: Leave a Reply Cancel replyYour email address will not be published.Comment Name Email Website Save my name, email, and website in this browser for the next time I comment. Telekom Veszprem announce 2021/2022 squad Veszprem beat Motor on Cupara’s wings – Barca beat Nantes in thriller Related Items:Meshkov Brest, Telekom Veszprem 1 Comment ShareTweetShareShareEmail 7.Meshkov Brest7106194:2202 1 Comment 4.Vive Kielce7322213:2068 3.Telekom Veszprem7403236:2108 HUNGARIAN CUP: Veszprém defeated Szeged in the great battle 8.Motor Zaporozhye6015177:2021 1.Kiel6510192:16111 5.Montpellier6312163:1597 6.Porto6222173:1836 2.Vardar7412210:2179 Recommended for youlast_img read more

Paid sick-leave ordinances likely survived the Texas Legislature. But businesses still want to kill them.

first_imgBy Alex SamuelsThe Texas Tribunetexastribune.org For conservative Texas lawmakers and their allies in the business community, the fight over paid sick leave seemed like a slam dunk at the start of this year.Left-leaning cities Austin and San Antonio were in Republicans’ crosshairs after adopting ordinances that required private businesses to offer their employees a certain number of paid sick days. While the city council members spearheading those proposals touted them as beneficial to workers, lawmakers on the other side of the ideological spectrum took issue with cities taking a new role in private companies’ employment policies — and creating patchwork regulations that only applied in certain parts of the state and might differ within a matter of miles.Legislation blocking those ordinances was hailed as a priority in the Texas Senate, blessed by Republican Gov. Greg Abbott and lobbied for by wealthy business groups. But as the session winds down, the bills that would achieve those goals missed the deadline to be considered on the House floor — meaning they’re effectively dead.There are a few procedural ploys lawmakers could utilize to revive the bills at the last minute — like attempting to tack on the bill’s language to other pieces of legislation still in play. But many business groups, fed up with what some called petty politics and the monthslong staring contest between the House and Senate over whether language explicitly protecting nondiscrimination ordinances should be included in the bills, have largely given up on lawmakers’ ability to resuscitate the legislation.And with little faith in the ability of House and Senate leaders to reconcile their differences regarding that language, business advocates have set their sights elsewhere to kill the ordinances: the courts.“That’s our only alternative since the Legislature failed to act,” said Annie Spilman, the state director for the National Federation of Independent Business. “This really was not a good session for the business community.center_img “The legislation is dead, and we have no hope that anybody has any sort of concern for the business community.”Meanwhile, supporters of the sick-leave policies say they’re glad that the Legislature seems to have moved on to other issues.“I’ve heard that the Legislature is trying to wrap up its big important business, like school finance and the budget, and I think that’s where the focus should be,” said Austin City Council member Greg Casar, who authored Austin’s sick-leave ordinance.As originally filed, Senate Bill 15 by Sen. Brandon Creighton, R-Conroe, would’ve created a statewide framework for employment laws in the state. It included provisions saying cities couldn’t regulate certain benefits practices or enact rules on how businesses schedule their employees’ shifts.But Creighton overhauled the measure in an upper chamber committee and stripped out a provision in the bill agreed upon by business groups and other stakeholders that explicitly protected city ordinances that ban workforce discrimination.The bill then became ensnared in a fight over protections for LGBTQ workers and stalled in the Texas House. Creighton later filed four narrower bills, each aimed at accomplishing a slice of the original measure’s goals. But after those bills passed the Senate, a House committee reinserted the language explicitly protecting the nondiscrimination ordinances, and none of the four bills made it onto the House calendar in time for a debate by the full body.“We sat there in [the] State Affairs [Committee] and said that’s not the fight we’re having this session,” said state Rep. Drew Springer, R-Muenster, during an onstage conversation Wednesday with Texas Tribune CEO Evan Smith.To be clear, members of the business community say they harbor no animosity toward Creighton or Texas House members. But frustration persists, especially with leaders who vocalized support for the issue.“They had all session to get this done,” said Pamela Bratton, the vice president of contract administration and compliance with Meador Staffing Services. “People taking a stand on their high ground isn’t what we hire and elect politicians to do.”Now, all eyes are on the courts.Last year, the state joined a number of business-aligned groups and small businesses in obtaining a temporary injunction against Austin’s sick-leave ordinance — which was put on hold after an appeals court said it was unconstitutional.But duking it out through the legal system comes with its own set of pitfalls: It’s expensive and can be slow.Austin, for example, is appealing the lower court’s ruling and asked the Texas Supreme Court for a second opinion. Rob Henneke, general counsel for the Texas Public Policy Foundation, said the court likely won’t decide until this summer, at the earliest, whether it wants to take the case. If it does, a ruling might not come down until the end of this year. And since the capital city’s ordinance was put in place, San Antonio and Dallas have adopted similar sick leave policies that the business community is also hoping to overturn. No lawsuits have been filed yet to upend these ordinances.“If the Legislature came in with a broader preemption … then that could make the need for further litigation less important,” Henneke said. “But that’s all hypothetical at this point.”Still, he said he’s confident that the opponents of the ordinances will ultimately prevail in court.“Our case has been successful,” Henneke said of the Austin ordinance, “and we would expect the same for the other jurisdictions if that’s the direction the business community chooses to take.”Creighton, for his part, said he’s also pinning his hopes on the legal system.“The failure to act on a package of the most pro-business bills this session will undoubtedly hurt Texas small businesses,” he said in a statement to The Texas Tribune. “The only hope now is that the courts reverse these costly and burdensome regulations, and restore the predictability and common-sense policies Texas business needs to thrive.”But while she’s confident the courts will land on her side, Spilman said the National Federation of Independent Business is also considering asking the governor to call a special session to take up the preemption bills if they don’t make it across the finish line. A spokesman for Abbott didn’t respond to a request for comment on whether he’d consider calling a special session for such purposes.“Hopefully its important enough that we can potentially come back and address this sort of local overreach,” Spilman said. “I feel like it’s that much of a state emergency.”Some, like Bratton, are hoping for a last minute Hail Mary — “I still believe in Santa Claus. Miracles could happen,” she joked — but most agree that they now have to take matters into their own hands.“This legislation should’ve been an easy pass for the business community, but unfortunately it was hijacked and we had no say in the game,” Spilman said.Disclosure: The Texas Public Policy Foundation has been a financial supporter of The Texas Tribune, a nonprofit, nonpartisan news organization that is funded in part by donations from members, foundations and corporate sponsors. Financial supporters play no role in the Tribune’s journalism. The Texas Tribune is a nonpartisan, nonprofit media organization that informs Texans — and engages with them – about public policy, politics, government and statewide issues.last_img read more

Conor Commercial and Globe break ground on AZ|60

first_imgConor Commercial Real Estate, a member of The McShane Companies, and joint venture partner, Globe Corporation, have broke ground AZ|60, a premier 225,000 square foot industrial development located in Gilbert, Arizona. A kick-off event was held on November 19th marking the official onset of construction of this highly-anticipated speculative project. All attendees were invited to participate in a golf competition by hitting various targets located throughout the sizable 16-acre site for a chance to win a variety of prizes. The event was attended by over 60 brokers gaining significant attention for AZ|60 within the market.The two-building development is located within Fiesta Tech Center on the northeast corner of Desert Lane and Colorado Street, near the intersection of Arizona Avenue and Baseline Road, just 20 miles from downtown Phoenix, one mile from U.S. Route 60 and three miles away from the Loop 101. The site is also within a three-mile radius to nearly 13 million square feet of retail and numerous corporations including Orbital ATK, Textron, Ferguson and Costco. AZ|60 is available for-sale or lease accommodating tenants from 18,720 square feet to a full-building user and will be available for occupancy in April 2016.“We wanted to do something unique to introduce AZ|60 to the brokerage community. The feedback we received on the event and the project plans were even better than anticipated,” according to Mike Olsen at Globe Corporation. The first place winner of the golf target contest was Kurt Saulnier of Lee & Associates, who walked away with a brand new set of Ping golf clubs. The second and third place winners were John Werstler of CBRE and Phil Haenel of Cushman & Wakefield.Offering an efficient site plan, contemporary design and flexible configurations, the Class A development consists of Building 1 at 104,900 square feet and Building 2 at 120,700 square feet. The rear-loaded industrial facilities were designed to provide optimal functionality for warehouse and distribution users with a 30′ clear height, grade level and dock-high loading, 180′ building depths, 52′ x 60′ column spacing, ESFR sprinkler systems and 3,000 amps, 277/480 volts per building. Substantial on-site parking and truck maneuverability is also included.“The groundbreaking of AZ|60 marks an exciting milestone for Conor Commercial Real Estate and long-standing partner, Globe Corporation,” remarked Sven Tustin, Vice President of Conor Commercial Real Estate. “There is a significant level of pent-up demand for modern industrial space within Gilbert’s industrial submarket. We are confident that the infill location and contemporary design of AZ|60 can satisfy this demand by providing flexible and efficient industrial space supporting the growing number of businesses looking to relocate or expand operations within this highly desired location.”McShane Construction Company and Ware Malcomb comprise the design/build construction team for the development. Steve Larsen and Bill Honsaker of JLL’s Phoenix office represented the co-development venture in the land acquisition and are serving as exclusive marketing agents for AZ|60.last_img read more

The Spur Owner Looking To Press On

first_imgShared work space where new business startups might attract capital and partners seemed a welcome idea in the Hamptons.In fact, doors for such a venture, called The Spur, opened with much fanfare in Southampton Village and attracted a modest, though dedicated, paid clientele.A bigger venue, the old Buick building on Hampton Road near the Route 27/27A junction, was recently purchased to expand the business, and yet another hub was planned for East Hampton, to be opened next month.If membership numbers were at least sustainable and were indeed growing, The Spur would quickly emerge as an important player in the marketplace.Ashley John Heather, the dynamic founder, found himself happily juggling the three properties, brimming with enthusiasm. The former Buick dealership at 630 Hampton Road was undergoing a complete facelift, The Spur sign featured proudly outside.What a difference a week makes. Heather, who had engineered the purchase and the ongoing renovation of the Hampton Road property, found himself at odds with both the seller and construction company. It left him shaken, though certainly still on his feet.“I am an entrepreneur. I walk up a hill every morning,” he said. “We continue to work with all the players.”In December, The Spur was awarded a $500,000 state grant through the Long Island Regional Economic Development Council for the development of the building. Included in the plans were 15,000 square feet of interactive space, dining and cocktail facilities, and room for just about anything needed to make a contact and collect a hashtag.But Assemblyman Fred Thiele, who helped procure the grant, said, as The Independent was going to press, “I’m not sure they’ve even gotten the application yet.” Further, he pointed out, it is a matching grant, with the state money coming in on the back end. In other words, there will be no grant money available to make ends meet. “I don’t think they can use the money for any of the costs,” he said.Members who pay $100, $200, or more per month, plus an annual fee — with different prices offering different perks — were lining up to join, Heather said. But the 200 or so potential new members for the new Southampton space are frozen out.The owner of the Hampton Road property, Bruce Lewin of BRL Hampton Road LLC, reportedly bought the building and leased it to Heather with an eye on eventually selling it to the entrepreneur. Instead, he notified Heather via a letter from his attorney earlier this month their lease was in danger of being voided. Lewin’s attorney, Peter Guirguis of Mintz & Gold LLP in Manhattan, informed The Spur owner that Lewin wanted the building back.Heather’s attorney Kevin Mulry of Farrell Fritz, P.C. in Uniondale refuted the charges.Frank DeVito, the contractor, reportedly withdrew from the project as well. Heather said there was a personal conflict between the two.Guirguis sent a letter and a surrender agreement on February 13 to Heather’s attorneys. Mulry wrote to Guirguis on February 15 stating the agreement for 630 Hampton Road was still valid. “No change in circumstances that would require the lease of the security deposit or the surrender of the premises” has occurred. “Litigation is not in the interest of any of the parties,” he stated.The letter was sent the day after The Spur announced its new East Hampton location at the venue space at 44 Three Mile Harbor Road, which is slated to be ready to open by mid-March. It has been home for a dozen or more nightclubs over the past four decades. Frank Cilione, said to be the owner, did not return calls by press time. “We’re up to date on the bills. We have the support of 500 people who want this to happen,” Heather [email protected] Sharelast_img read more

The ‘This Is The End’ Edition

first_imgFor those lucky enough to live all year or to stay into the fall, this is really the “end of the beginning” of the season. For others, whom the summer’s end represents the close to their enjoyment of the Hamptons, see you next season.I have been lucky enough to experience or work alongside a number of people, places, and events this summer and wanted to share some of my favorites and to see what they will doing this fall.PeopleJackie O’Sullivan. Independent/Patrick McMullanJackie O’Sullivan left her corporate role to pursue her passion of caring for dogs in need whilst co-founder Stacey Silverstein remains a Manhattan Law Firm Partner with a heart of gold. In 2015, together they co-founded the nonprofit charity Rescue Dogs NYC to save abused and in danger dogs and find them new homes. The second annual Rescue Dogs Rock NYC annual gala is on October 22. Save the date. www.rescuedogsrocknyc.orgPamela Morgan. Independent/Rob Rich/SocietyAllure.comIn the summer scene, Pamela Morgan will be applying her expertise in entertaining to her “Wild Fishy Feast” in September at her home in Water Mill. This fall, expect an additional performance of her sold-out cabaret evening November 7 at the Laurie Beechman Theatre in New York City. www.flirtingwithflavors.comInterior design and get-it-done guru Gale Sitomer will be among those seeking inspiration from the Decoration and Design Building’s forthcoming fall marketplace 2019 this October. Sitomer specializes in project managing, making her interpretation of her clients’ visions a turn-key reality, up to stocking the pantry shelves and home with their favorite products. www.ddbuilding.comCannot Live WithoutUnion Cantina’s Deconstructed Enchilada. Independent/Barbara LynnYou need to try the deconstructed enchilada from Union Cantina in Southampton. Ian Duke and David Hilty, working alongside award-winning executive chef Scott Kampf, who has been featured on Food Network’s “Iron Chefs of America,” continue to bring innovative Mexican cuisine to Southampton throughout the year. www.unioncantina.netLa Carezza Salon Day Spa in Southampton provides a year-round, full-service salon and spa featuring a full staff of highly qualified estheticians, stylists/colorists, nail technicians, massage therapists, and make-up artists. As founder/owner, Debbie Cirruzzo puts it, “Our friendly atmosphere, the professionalism of our staff, and the quality and range of treatments are what makes us unique.” www.lacarezza.comSouthampton InnHave a daycation at the Southampton Inn, where day passes for adults include access to the swimming pool with towels and chairs, showers and changing facilities, tennis court, shuttle to Coopers Beach, lawn games, game room, free parking, and WiFi, plus a dining credit for the Inn’s restaurant, Claude’s. www.southamptoninn.comTBar Banana Parfait Mille Feuilles. Independent/Courtesy of TBarThe dessert from TBar Southampton was well worth the wait. Tony Fortuna and Derek Axelrod have launched the seasonal TBar Southampton, across from the Southampton LIRR station. It draws on the cuisine at Tony’s New York neighborhood gem TBar Steak & Lounge. www.tbarnyc.comSuperlative Soirees Of Summer 2019Bryan Adams, Mike MilkenLooking back on the summer season, Prostate Cancer Foundation’s annual gala in support of the 15th Annual PCF Pro-Am Tennis Tournament was a celebration featuring cocktails, dining, and special performance by superstar singer Bryan Adams. Funds raised throughout the evening went to supporting groundbreaking discoveries in cancer research. The event was held at the Parrish Art Museum. www.pcf.orgThe 10th annual Unconditional Love dinner dance for the Southampton Animal Shelter Foundation took place under tents at Wickapogue and Old Town Roads in Southampton. The event chair was Jean Shafiroff and the honoree was Aimee Sadler, founder and CEO of Dogs Playing for Life. Gregory D’Elia emceed the event. www.sasf.orgKen Fishel, Ian Duke, Marion Waxman, Nicole Miller, Lidia Bastianich, Antonella Bertello, Maria Fishel and Brad Fishel attend Samuel Waxman Cancer Research Foundation’s 15th Annual Hamptons Happening. Independent/Gonzalo Marroquin/PMCThe 15th annual Hamptons Happening charity fundraiser for the Samuel Waxman Cancer Research Foundation occurred in Bridgehampton at the estate of board member Kenneth and Maria Fishel. www.waxmancancer.orgAlexa Ray Joel;Larry Scott. Independent/Jared Siskin/PMC/PMCThe inaugural Northwell Health Summer Hamptons Evening, presented by Victoria Moran-Furman, and Iris and Saul Katz, benefitted the Katz Institute for Women’s Health. The highly anticipated event was produced by celebrity event planner Larry Scott of Lawrence Scott Events. There was a special musical performance by Alexa Ray Joel. Rosanna Scotto of “Good Day New York” emceed the evening. www.give.northwell.edu/SHE Sharelast_img read more