One57 condo with reduced ask tops a slow week of luxury contracts

first_imgThe priciest contract was unit 50C at the Christian de Portzamparc–designed 157 West 57th Street. It was listed for $21 million in October 2018 and went into contract with an asking price of $16.5 million. The seller initially paid $19.35 million when they bought it in April 2015.The trend is noticeable across the pool of 15 properties, 11 of which had price reductions. The average price discount between first and final asking price was 17%, the report showed.The four properties asking above $10 million were hit the hardest, with an average price reduction of 28 percent and an average of 626 days on the market. “The higher you go in price, the greater degree in difficulty and the much longer marketing demand,” Olshan said.The second priciest contract was an 11th-floor co-op apartment at 88 Central Park West with three bedrooms, a music room and a library. Listed in September, it was asking $13.495 million.The average number of days on the market for all the properties was 591.Write to Sylvia Varnham O’Regan at [email protected] This content is for subscribers only.Subscribe Now 157 West 57th Street (Credit: iStock)Luxury contract signings in Manhattan were up last week, but it’s a little too early to celebrate.Fifteen contracts above $4 million were signed between January 13 and 19, according to the Olshan Luxury Market Report. That was four more than the previous week, but signings overall have been sluggish in 2020, with the first two weeks of January marking the worst start to the year in seven years.The figures suggest a continuation of 2019, with little evidence of recovery in the luxury market. “At this point, we have 34 contracts signed [in 2020], and last year we had 37,” said Donna Olshan, who authors a weekly market report. “It’s not that much different.” (In 2017, there were 68 luxury contract signings in the same time period.)Last week’s properties, a mix of six co-ops, seven condos and two townhouses, represented a total asking price of $126.3 million.Read moreManhattan luxury home market off to worst start in seven yearsNYC’s 5 priciest home sales everMarket value of NYC real estate went up at slowest rate in yearlast_img read more

“Very gradual return”: Wall Street tenants, landlords lay out reopening plans

first_imgWall Street firms and their landlords are making plans to welcome a trickle of employees back into their buildings as New York slowly reopens. (Getty)When Wall Street employees return to work, there will be a very different office awaiting them.New York City’s reopening kicked off on Monday, and offices are set to be allowed to operate at 50 percent capacity in a matter of weeks. Financial workers will be returning to a new normal, with body temperature scans and socially distanced elevators, the New York Times reports.“There’s a high degree of anxiety, as you can imagine,” RXR Realty CEO Scott Rechler told the Times. “Officing is going to be different than it was before.”RXR, whose tenants include financial firms like UBS and Bank of America, has created an app to help tenants coordinate workdays and arrival times, minimizing social contact. Workers will also be able to view heat maps of restrooms, and request deep cleaning of workstations with the scan of a QR code.Even with precautions in place, it appears likely that a large portion of the workforce will continue to opt to work from home well into the coming year. A recent poll by the Partnership for New York City found that companies expected just 10 percent of their employees to return to the office by August 15, and just 29 percent by year’s end.“There’s a sense that a significant portion of workers will continue to work remotely,” Partnership president and CEO Kathryn Wylde said, noting that it would be a “very gradual return.”Because of the logistical challenges of reopening, many companies are taking their time. Private equity firm TPG plans to keep employees working at home until after Labor Day, as does the Carlyle Group. Hedge fund Point72 and private equity firm Bain Capital have not yet set a timeline for returning to the office. [NYT] — Kevin Sun This content is for subscribers only.Subscribe Nowlast_img read more

I’m Back from England and Rome!

first_imgAddThis Sharing ButtonsShare to FacebookFacebookFacebookShare to TwitterTwitterTwitterShare to EmailEmailEmailShare to RedditRedditRedditShare to MoreAddThisMore AddThis Sharing ButtonsShare to FacebookFacebookFacebookShare to TwitterTwitterTwitterShare to EmailEmailEmailShare to RedditRedditRedditShare to MoreAddThisMore I am back from two wonderful weeks touring Rome and England. Thanks to my summer intern, Cristina Frick, we were able to pre-publish 4 stories for each day I was gone. Many of you received customer support via my laptop, thanks to free wifi in hotels and cafes. This photo shows the cobble stones and ochre buildings surrounding the Campo di’ Fiori piazza in Rome. Our hotel was steps away and we enjoyed lovely meals in the evenings when these piazzas would come alive with outdoor dining, musicians, and locals gathering for biers and friendship. This second photo, of course, is taken at the end of the famous mile-long street in Liverpool made famous by the Beatles song… The barber shop and bank are still there, and the round-about where a nurse was “selling poppies from a tray.” I’ll likely post more photos later in the Forum, where all GNN members can share their pics …. Geri last_img read more

Thank Your Teachers: Teacher Appreciation Week in NC

first_imgNorth Carolina teachers increasingly report they aren’t feeling appreciated when it comes to their paychecks in the Tar Heel State.According to a documentary produced by WRAL-TV in Raleigh, teacher pay has dropped by 13 percent in the past 15 years, when adjusted for inflation. While policymakers debate education funding at the state and local levels, the PTA is observing Teacher Appreciation Week this week. Kelly Langston, state PTA president, said caregivers are asked to show their child’s teachers how much they are appreciated.“Teachers certainly do what they do for the love of the teaching profession, not necessarily for the paycheck,” she said. “When we can say to them ‘We value you and we appreciate you,’ it really is especially motivating in a climate where they may not feel appreciated.”This week, parent organizations across the state are encouraging caregivers to send in thank-you notes, volunteer, offer gift cards and host meals for North Carolina teachers.Langston said supporting teachers with resources and even gift cards for classroom supplies is valuable.“I think human nature, when you feel supported and you feel encouraged, it just gives you that little extra energy to put into what you’re doing and to feel good about what you’re doing,” she said. “We all know we work better when we feel appreciated.”Gov. Pat McCrory’s proposed budget on K-12 education maintains funding at pre-recession levels, and nearly half of funding for pay raises is in the form of bonuses instead of a permanent raise. North Carolina’s per-student spending also is down by more than $500 in the current budget proposal, and textbook funding has been cut in half compared with pre-recession levels.last_img read more

2016 Epcot Flower and Garden Festival Details Announced

first_imgA popular aspect of the festival is the topiaries and this year, Anna and Elsa’s topiaries will be able to be found at the Norway Pavilion. There will be around 100 topiaries to see this year, including Snow White and the Seven Dwarfs, Lady and the Tramp, Peter Pan, and Simba. At night, topiaries will be illuminated once again, casting a unique glow on the festival.Returning again will be the Garden Rocks Concert Series. These concerts will take place in the America Gardens Theatre and will feature pop artists spanning four decades.There will be more than 10 mini gardens featured this year with a new edible flower garden found near the Morocco Pavilion that will showcase petals with flavor. Another popular garden area returning is the Butterflies on the Go garden, which will showcase the story of the Monarch Butterfly’s journey and will feature butterflies emerging from cocoons. Returning this year will be the popular Outdoor Kitchens, however, I am sure we will see some new culinary creations that will pop up this year. I’ll keep you posted when we find out just what delicious treats you’ll get to enjoy. Oh and make sure to pick up a Garden Passport to mark off which dishes you’ve tried. Share This!©Rikki NiblettAs per usual, when one Epcot festival ends, details on the next festival get released, which means that we now have the first details about the 2016 Epcot Flower and Garden Festival. This will be the 23rd year for the event which will take place for an unprecedented 90 days, from March 2 through May 30.Each year, new and returning favorites help to make up this unique event. As far as what’s new for 2016, we’ll see a brand new front entrance topiary display featuring Donald Duck’s nephews, Huey, Dewey, and Louie, alongside their Uncle Donald and Daisy in a display inspired by the 1943 comic book, “The Victory Garden.”Also on display for the first time ever will be the Ranger Mickey topiary which will celebrate the 100th anniversary of the National Parks Service.Located behind Spaceship Earth will be a new Floral Sun Garden which will feature golden colors and yellow “sunbursts.” At night, twinkling lights will shine.For the little ones, there will be an innovative new play garden featuring the Fab 5, Mickey, Minnie, Goofy, Pluto, and Donald, in topiary form with musical instruments built into the outdoor climbing system.©Rikki Niblett ©Rikki Niblettcenter_img ©Rikki Niblett Once again, at the Festival Center, guests will be able to enjoy weekend how-to gardening seminars, purchase festival merchandise, and more.It’s certainly hard to believe, but the Epcot Flower and Garden Festival will be here before we know it and this is just the beginning of what’s going to occur during this year’s festivities. I can say though that it’s already looking like it’s shaping up to be another stellar event.last_img read more

Pew Internet Research: The Web at 25 in the United States

first_imgAs part of the 25th anniversary of the internet, the Pew Research Center’s Internet & American Life Project, released their first of nine reports last week highlighting how Americans use the internet. via pewinternet.orgThe first report focuses on internet usage and how it affects our personal relationships. Based on the results of over 1000 phone interviews from January 9-12, 2014, several key takeaways include:87% of Americans now use the internet68% connect to the internet with mobile devices90% of internet users say the internet has been good for them personally76% of internet users say the internet has been good for society (15% says it’s been bad, 8% say it’s even)53% of internet users say the internet would be hard to give up67% of internet users say online communication with family and friends has strengthened their relationshipsI found the survey results to be a fascinating read about how we use the internet, adoption an impact over time, and the role of the internet in our lives. Check out the summary and more details on how the internet has woven itself into American life. Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)Click to print (Opens in new window)Like this:Like Loading…RelatedReset the Net Day: Protect Your Online PrivacyToday is Reset the Net Day, a day organized by Fight the Future and other organizations to encourage people to learn how to protect their online data. Reset the Net marks the first anniversary of The Guardian story about Edward Snowden’s leaks about the U.S National Security Agency (NSA) and…In “Internet”21% of Americans Are Online Almost ConstantlyOne in five Americans are online “almost constantly,” while 42 percent go online several times a day, according to a survey by Pew Research Center. Almost three out of four Americans go online daily while 13 percent go online several times a week. Another 13 percent say they don’t use…In “Internet”2015 Internet Trends from Code ConferenceOver the past 20 years, Internet penetration around the world has grown from less than one percent of the population to 39 percent, mobile phone usage has increased from one percent to 73 percent, and user control of content has increased significantly. At today’s Code Conference Mary Meeker gave her…In “Internet”last_img read more

Weekend Project: Install the New “Google Chrome Labs”

first_imgRelated Posts sarah perez A Web Developer’s New Best Friend is the AI Wai… We heard of these latest additions thanks to the unofficial Google-watching blog, Google Operating System, a site known for keeping a close eye on the latest-and-greatest Google news. According to writer Alex Chitu, the Labs feature was turned on in one of the newest Chromium builds. This build also includes a placeholder for the Chrome Web Store, an in-browser “App Store” for Web-based applications, due to arrive later this year. 8 Best WordPress Hosting Solutions on the Market Top Reasons to Go With Managed WordPress Hostingcenter_img Tags:#Browsers#Google#How To#web Chitu also confirms something we were seeing as well: Labs doesn’t currently work for those running a Chrome Developer build or even the Canary build: you must manually install the latest Chromium build instead.  How to Enable Google Chrome LabsSo how do you enable Google Chrome Labs? Here are the steps:Head over to this list of the latest Chromium builds. Click on the folder for your operating system (Linux, Mac or the folder “XP” which supports various Windows operating systems, including Windows 7) Scroll to the bottom of the page to locate the folder containing the most recent build. It appears that this feature was implemented in build # 57635, but it should be available in later builds, too, unless it gets pulled for some reason. I was able to install build # 57672, for example, and access the feature. Install the latest build using the provided installer or files for your given OS. Launch Chromium and in the browser’s address bar type about:labs (without spaces between the colon and the words)If you’re on Windows, you’ll see an option to enable “Tabs on the Left.” Mac users will see the expose-for-tabs feature. Sorry, Linux users, there aren’t any Labs available for you just yet. However, this section is sure to grow soon. To enable a Labs feature, just click the hyperlinked “Enable” option. Then click “Restart Now” to reload the browser. Note: both features can also be enabled manually, by using command-line flags instead. Just edit your Chromium shortcut with –enable-vertical-tabs for the Windows side tabs feature and –enable-expose-for-tabs for the Mac expose-tabs feature. Also, Windows users: to actually turn side tabs on, you’ll need to right-click on a tab and then select “use side tabs” from the menu that appears. Do the same to turn them off again. (Image credit: Mac Labs, Google Operating System) Why Tech Companies Need Simpler Terms of Servic… A recent build of Chromium, the open source Web browser which serves as the testing ground for Google Chrome, has been updated with a new feature: Google Chrome Labs. This internally accessed page is available by typing in about:labs in the browser’s address bar. Currently, there are only two “labs” (that is, experimental features) available for testing – an option to use side tabs for Windows users and an option to see an expose-like tab overview for Mac users. So how can you access this new Labs section, which is still off-limits to users of the standard Chrome browser? We’ve got the details in our latest “weekend project.” Google Chrome LabsFor those that’s don’t know about Chromium, it’s the open-source browser project which serves as the basis of what eventually ends up in the Google Chrome Web browser and the upcoming Google Chrome OS, an Internet-only operating system powered by Chrome. Although Google recently released the (Windows-only) “Canary” build of its Chrome Web browser for early adopters who want to test drive the newest features before they go live in the more stable public builds of Chrome, there are some features, such as this, which are only available to those who run the latest build Chromium Web browser itself. last_img read more

How Open Source Hardware Is Driving the 3D-Printing Industry

first_imgbrian proffitt Tags:#hack#Open Source The potential of 3D printing to transform the way we get things – the market is predicted to hit $3.1 billion in the next four years – gets a lot of press. But not much of that attention has focused on the unique role of open source hardware in enabling 3D printing to realize its promise.Open source software has been a key player in all kinds of disruptive technologies – from the Web to big data. Now the nascent and growing open source hardware movement is helping to power its own disruptive revolution.What Is Open Source Hardware?Open source hardware is a component or device that has been licensed to allow anyone to examine, duplicate and modify the hardware as they wish. The openness affects the intellectual property of the device. You can either download the specs and build the device or component yourself, or buy the hardware for a small assembly fee from a vendor. As with open source software, sharing is not only allowed, it’s encouraged.Open source hardware doesn’t get much attention outside of geek circles, but it is starting to have a real-world impact.According to industry analyst Terry Wohlers, 3D printing (also known as additive manufacturing) is forecast to have an “industry-wide growth [of] $3.1 billion by 2016 and $5.2 billion by 2020.” And in the midst of this revolution is a small, Italian-made open source microcontroller known to many in this new community of things: Arduino.What Is Arduino?Arduino is the brainchild of an international team of five engineers: Massimo Banzi and Gianluca Martino of Italy; David Cuartielles of Spain; and David Mellis and Tom Igoe of the U.S. According to Banzi, who recently made a presentation at TEDGlobal 2012, Arduino has developed the Interactive Design Institute Ivrea (IDII) to help students there actually build prototype objects that could react to their inputs. Using a foam model of a prototype cell phone, for instance, simply would not make sense.But there was another catch: “They don’t have five years to learn electrical engineering. We only have one month.” This constraint meant that Banzi and his team had to put together something easy to build upon and as open as possible.And they aren’t kidding about the open aspect: Arduino’s hardware is completely open sourced (under Creative Commons), with design files and specs available, as well as control software (under the GPL) and documentation (also under Creative Commons). The only thing non-free about Arduino is the trademarked name – and that’s just to keep standards in place.Arduino’s openness means that the micro-controller board can be found in the heart of a lot of open source hardware devices today, including 3D printers, toys and thousands of projects within the maker community. Commercial vendors and do-it-yourselfers alike are picking up Arduino boards and customizing them for their projects with the eventual launch of some compelling devices.How Open Source Hardware Is Driving 3D PrintingWhile this kind of technology is obviously a boon to the DIY communities that have formed around the Instructables and Thingiverse communities, they are starting to pick up commercial steam, too. Matternet takes former military drone technology and with modifications based on Arduino hardware, uses these cheaply made unmanned aerial vehicles to deliver vital goods across developing nations’ territories via a “roadless network.”Arduino’s openness is also starting to fuel vendors’ innovation to make devices and launch them at a fraction of the normal costs associated with prototyping and general manufacturing. Search for “Arduino” and “Kickstarter,” and you will get a small taste of vendor dependence on Arduino.Making it easier, faster and cheaper to produce physical objects could fundamentally shift the manufacturing paradigm. As 3D printing, powered by Arduino and other open source technologies, becomes more prevalent, economies of scale become much less of a problem. A 3D printer can print a few devices – or thousands – without significant retooling, pushing upfront costs to near-zero.This is what The Economist calls the “Third Industrial Revolution,” where devices and things can be made in smaller, cleaner factories with far less overhead and – significantly – less labor.Moving Manufacturing Back to the U.S.?“The revolution will affect not only how things are made, but where. Factories used to move to low-wage countries to curb labour costs. But labour costs are growing less and less important: a $499 first-generation iPad included only about $33 of manufacturing labour, of which the final assembly in China accounted for just $8,” the Economist stated. “Offshore production is increasingly moving back to rich countries not because Chinese wages are rising, but because companies now want to be closer to their customers so that they can respond more quickly to changes in demand.”Not everyone agrees with the disruptive power of this kind of digital manufacturing, but given the open source nature at the heart of much of this technology, innovation in this area will be upon us fast, and it will bring changes – expected or otherwise – to the way we get things.One little blue-and-white microcontroller may not be the fulcrum to move the world, but open source hardware is definitely making the lever longer and easier to push. 7 Types of Video that will Make a Massive Impac… How to Write a Welcome Email to New Employees?center_img Why You Love Online Quizzes Related Posts Growing Phone Scams: 5 Tips To Avoidlast_img read more

Is Microsoft Pricing Itself Out of Its Own App Market?

first_imgOn Friday, Microsoft revealed that the minimum price for a paid Windows 8 app would be $1.49 – 50% more than the 99-cent entry-level pricing that most mobile users have been accustomed to. Has Microsoft priced itself out of its own app market?Possibly. But based on its history with Windows Phone, increased revenue for app developers may be exactly what Microsoft needs.Microsoft revealed the new pricing for the Windows 8 Store in a blog post authored by Microsoft’s Arik Cohen, lead program manager for the commerce and licensing team. The pricing tiers will range from $1.49 to $999.99, incremented in 50-cent steps. Developers may also “sell” their apps for free, either giving them away, using a time-limited trial, or subsidizing them via in-app ads or upgrades.The tiers are necessary, Microsoft has said, to ensure that an equivalent price is selected for selling the app in any currency supported by the store. Microsoft itself keeps 30% of the revenue, dropping to 20% after total app revenues reach $25,000.Metro Apps OnlyFor now, “apps” within the Windows 7 version of the Microsoft Store are essentially digital versions of boxed PC software, with a typical price of $30 or more. But Windows 8’s Metro apps, which will share native C and C++ code with Windows Phone 8, should mean that the mobile app pricing model should bleed over into the Windows Store, dramatically lowering the average price. (Microsoft has also said that the only apps sold within the Microsoft Store will be Metro apps; “desktop” apps will be sold outside of the Store framework by the individual developer.)So why is there no 99-cent tier? And is that significant?The data suggests that, by and large, it probably isn’t. More importantly, studies have revealed that Microsoft mobile app developers make far less than other platforms.Who Makes Money on Apps?For one thing, developers have a number of different ways of making money from a mobile app, of which most, if not all, should be available to Windows 8 Metro app developers. According to a June 2012 study by Vision Mobile, 34% of the 1,473 developers polled used a per-download pricing model, pulling in an average of $2,451 per month across all mobile platforms.But developers also have a number of other ways of making money. The most lucrative method is subscriptions, which averages $3,683 per month. However, convincing customers to sign up for recurring payments can be tough, and only 12% of developers were able to make that work. Developers also pull in more money per month ($3,033) using in-app purchases. Other choices include the so-called “freemium” model and in-app advertising, both of which generated less monthly revenue than a paid download.Merging Mobile and PCsMore than half (54%) of the developer polled by Vision Mobile also said that “reach,” or the number of devices upon which an app can be run, determines their choice of operating system. Clearly, Microsoft is hoping the broad overlap between the millions of Windows 8 PCs and Windows Phone will help make the platform more attractive to developers.But Microsoft developers have also had their share of problems. According to Vision Mobile, Windows Phone apps are relatively cheap to produce: $17,750 on average, with lower development costs than an iOS app ($27,463) or an Android app ($22,637).Windows vs. iOS, Android and BlackberryBut the average revenue for a Windows Phone app is tiny: just $1,234 per month. That’s about a third of the almost $3,700 per month an iOS developer can expect, and still significantly less than the $2,735 an average Android app pulls in. (Surprisingly, BlackBerry remains by far the most profitable platform, with revenues of $3,850 per month on development costs of just $15,181.)And in all, it takes a Windows Phone developer more than a year – 14 months – to break even, double the payback period for iOS developers. Is it any wonder, then, that Microsoft is reportedly subsidizing the development of Windows Phone apps?The final wrinkle is consumer behavior. Based on a January report from Distimo, of the ten highest-grossing applications within the iOS App Market for iPhone, six used a pay-per-download model. But of the top ten highest-grossing Android apps, just two used a paid-download model. The rest – Android and iOS both – generated revenues from in-app sales. Consumers display different buying behaviors for each app store.What these numbers seem to tell us is that Microsoft believes its Windows Store can be a destination for premium app buyers, much like Apple’s own app store. The company is clearly betting on the combined reach of Windows Phone and Windows 8, and hoping buyers will continue their old habits of buying software for dollars, rather than mere cents.For more on Microsoft’s future in the apps business – especially on the enterprise side – see Dan Rowinski’s [Survey] Developer Interest in Enterprise Apps Likely to Benefit Microsoft. What it Takes to Build a Highly Secure FinTech … Why IoT Apps are Eating Device Interfaces The Rise and Rise of Mobile Payment Technology Tags:#apps#Microsoft#mobile center_img markhachman Related Posts Role of Mobile App Analytics In-App Engagementlast_img read more

Carlo Lastimosa signs with Kia

first_imgD-League: Marinero loses 17-point lead but holds off Zark’s-Lyceum SEA Games: PH still winless in netball after loss to Thais Don’t miss out on the latest news and information. View comments BeautyMNL open its first mall pop-up packed with freebies, discounts, and other exclusives ‘A complete lie:’ Drilon refutes ‘blabbermouth’ Salo’s claims Photo by Tristan Tamayo/ INQUIRER.netCarlo Lastimosa gets a new lease on life as he was signed to a one-conference contract with Kia.Team governor Bobby Rosales confirmed the news to INQUIRER.net as the Picanto gets a big boost on offense with the signing of the former St. Benilde stalwart.ADVERTISEMENT The Picanto have yet to notch a victory in the 2018 PBA Philippine Cup, going 0-4 so far. They seek to end to their 16-game losing streak on Saturday against Rain or Shine.Sports Related Videospowered by AdSparcRead Next ‘We cannot afford to fail’ as SEA Games host – Duterte Hotel says PH coach apologized for ‘kikiam for breakfast’ claim Lastimosa last played for NLEX where he averaged 8.8 points, 1.4 rebounds, and 1.7 assists in 16.9 minutes of action.Despite his impressive showing, the Road Warriors bought out the 27-year-old guard and went on their separate ways before the start of the 2017-2018 season.FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSBoxers Pacquiao, Petecio torchbearers for SEA Games openingSPORTSPrivate companies step in to help SEA Games hostingThrough his four-year career, Lastimosa averaged 10.0 markers, 1.9 boards, and 1.5 assists in 17.8 minutes of play in his stops in Barako Bull, Blackwater, and NLEX.His entry is a shot in the arm for Kia, which is drawing the bulk of its offense from Rashawn McCarthy, who leads the team with 15.75 points, 6.5 rebounds, and 5.0 assists. PH military to look into China’s possible security threat to power grid Jordan delivers on promise: 2 Cobra choppers now in PH LATEST STORIES MOST READ Ethel Booba on hotel’s clarification that ‘kikiam’ is ‘chicken sausage’: ‘Kung di pa pansinin, baka isipin nila ok lang’ Robredo: True leaders perform well despite having ‘uninspiring’ boss PLAY LIST 02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Gameslast_img read more