More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Wednesday 6 October 2010 7:54 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Herald whatsapp Show Comments ▼ Share … as it’s rebuffed in $1.2bn bid for oil firm Wellstream Tags: NULL whatsapp GENERAL ELECTRIC (GE) was spurned in one of its largest recent efforts to build up its industrial businesses, when British oilfield services Wellstream rejected a $1.2bn (£755m) takeover approach.News of Wellstream’s rejection came on the same day GE said it would buy Dresser, a maker of gas engines used to power oil and natural gas production equipment, and retail credit assets from Citigroup. The US conglomerate’s offer for Wellstream comes at a time when GE officials said the firm could have $30bn available for acquisitions over the next few years.This follows a period when GE was more active in selling operations, including its NBC Universal media unit and parts of its finance operation.Wellstream would not comment on GE’s statement that it had made a proposal at 750p per share, which led some investors to conclude the oil services firm may be talking to other suitors.Fairfield, Connecticut-based GE, which also owns Vetco Gray, a maker of equipment used in deep-sea oil and gas production, said that it would keep its options open.“GE is disciplined in its acquisitions, and as such, there can be no certainty that it will take any further action,” the company said. KCS-content
Monday 3 January 2011 10:23 pm Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald whatsapp Share whatsapp Intel’s new microchips, touted as its biggest-ever leap in processing power, include built-in content protection to make it safer for Hollywood studios to offer premium movies to consumers over their personal computers. Time Warner Inc’s Warner Bros Digital Distribution and other studios plan to offer high-definition movies to consumers whose computers use the chips, code-named Sandy Bridge, at the same time as they are released on DVD, said Mooly Eden, Intel’s vice president. KCS-content Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proof Tags: NULL Intel woos Hollywood with chip
Linkage Assurance Plc (LINKAS.ng) listed on the Nigerian Stock Exchange under the Insurance sector has released it’s 2015 interim results for the half year.For more information about Linkage Assurance Plc (LINKAS.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Linkage Assurance Plc (LINKAS.ng) company page on AfricanFinancials.Document: Linkage Assurance Plc (LINKAS.ng) 2015 interim results for the half year.Company ProfileLinkage Assurance Plc is a non-life insurance business in Nigeria licensed to underwrite numerous insurance classes including business, marine and motor insurance. Business insurance classes include automobiles, property, general accident, liability group, compulsory insurances, oil and gas, marine and aviation and engineering. Retail and direct insurance includes motor plans, estate insurance plans, citadel shield plans, shop comprehensive plans and event insurance. Linkage Assurance Plc merged with Central Insurance Company Limited in 2007 as part of the recapitilisation and consolidation reforms of the National Insurance Commission (NAICOM). The company’s head office is in Lagos, Nigeria. Linkage Assurance Plc is listed on the Nigerian Stock Exchange
Royston Wild | Tuesday, 7th January, 2020 | More on: LOOK MCLS Our 6 ‘Best Buys Now’ Shares See all posts by Royston Wild Lookers (LSE: LOOK) saw its share price fall through the floor in 2019. It suffered an eye-popping 39% plunge as the UK retail sector struggled and sales of new cars in particular took a whack.Data released this week from the Society of Motor Manufacturers and Traders (SMMT) underlined just how difficult conditions were for the country’s car retailers last year. Just 2.3m new cars hit the road in 2019, down 2.4% year on year and the lowest number for six years.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…However that same release suggested that conditions have improved more recently, the SMMT noting that there were 3.4% new units sold in December versus the same month in 2018. Could now be the time to buy into Lookers, then?Time to buy?The motor dealer certainly looks compelling on paper. City brokers are forecasting that the business will bounce back from another profits drop in 2019 with a 16% rise in the newly-minted year.This leaves the small cap dealing on a bargain-basement price-to-earnings growth (or PEG) multiple of 1. However, it’s not just growth and value investors who might be tempted by the auto retailer as a forward dividend yield of 4.2% gives income chasers plenty to cheer too, a reading that beats up the corresponding average of 3.3% for the UK’s mid-caps.In my view, though, Lookers is a risk too far, despite these compelling readings. The prospect of sustained political and economic uncertainty through to the end of 2020 at least, allied with ongoing pressures on the diesel market, makes it difficult to envision a profits rebound any time soon, at least in my mind. I think it’s a share that’s still best avoided.9% dividend yields!Could McColl’s Retail Group (LSE: MCLS) be a better destination for your cash today? It would seem a logical assumption as spending on groceries during difficult economic times always holds up better than expenditure on big-ticket items like cars.In fact, convenience store operator McColl’s seems to be a superior stock pick in plenty of respects. Predicted earnings growth for the current financial year (to November 2020) comes in at a giant 19%, resulting in a rock-bottom P/E ratio of 6.2 times.What’s more, City analysts expect annual dividends at the groceries play to keep ripping higher. Thus the forward yield rings in at a whopping 9%.More shaky dataIn my opinion, though, McColl’s still remains an unattractive pick right now as food shoppers keep a tight lid on spending and intense competition increases the top-line strain.These themes were evident in latest trading numbers from Morrisons today. Like-for-like sales were down 1.7% in the 22 weeks to January 5, the FTSE 100 firm declaring that “trading conditions remained challenging and the customer uncertainty of the last year was sustained.” Incidentally, Morrisons said that wholesale revenues were dented because of weak sales at McColls in the period, adding to the intense sales pressure felt by its supermarkets.McColl’s is cheap, but it’s cheap for a reason, its share price dropping 32% in 2019. And I reckon the prospect of more painful drops this year makes it another stock that’s best avoided. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. A sub-10 P/E ratio and 9% dividend yield! Is this stock a great buy for your ISA? Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Image source: Getty Images. Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has recommended McColl’s Retail. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Simply click below to discover how you can take advantage of this. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Enter Your Email Address “This Stock Could Be Like Buying Amazon in 1997”
ArchDaily Year: ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/789731/house-in-butanta-23-sul Clipboard CopyHouses•São Paulo, Brazil Photographs Brazil Manufacturers: Composite Estruturas Metálicas, PlacoArt, Vidraçaria Boa NovaLighting:23 SUL ArquiteturaLandscape:23 SUL Arquitetura , Oficina2maisConstruction:Raildo Ribeiro da RochaManagement And Building Coordination:23 SUL ArquiteturaCity:São PauloCountry:BrazilMore SpecsLess SpecsSave this picture!© Pedro KokRecommended ProductsEnclosures / Double Skin FacadesRodecaRound Facade at Omnisport Arena ApeldoornDoorsGorter HatchesRoof Hatch – RHT AluminiumEnclosures / Double Skin FacadesFranken-SchotterFacade System – LINEAEnclosures / Double Skin FacadesIsland Exterior FabricatorsCurtain Wall Facade SystemsText description provided by the architects. The commision to design a house in a typical São Paulo neighbourhood context, out of gated communities, demanded that we test the limits of our design philosophy – permeability, openness to surrounding urban space. The result of the reading of these conditions a wide and light space that also shelters the need of enclosure that daily life demands.Save this picture!© Pedro KokBuilt for a young couple, the house is placed above street level, organized under a single roof that defines the wide space where the collective activities take place, crossed by the private use masonry block – on top of which is the mezanin, connected by a concrete staircase. The construction is gently closed by a large metal and glass wall, that allows space to be extended to the limits of the plot and also bring natural light, air and the surrounding urbanscape to the inside. Save this picture!© Pedro KokSave this picture!PlanSave this picture!© Pedro KokThe mezanin is explicits the “open-to-close” operation that guided the design process: it is simultaneously integrated and detached, creating a spatial modulation that allows socialization or privacy without walls or partitions.Save this picture!© Pedro KokRegarding materials, the Butantã House results from a intervention in a existing construction, whose fragile structure had to be demolished, leaving only the concrete slab that covers the garage. The new construction is built with masonry, concrete, steel and glass.Save this picture!© Pedro KokSave this picture!SectionSave this picture!© Pedro KokProject gallerySee allShow lessHOUSE VISION Tokyo Returns for Summer 2016 to Exhibit 12 Home IdeasArchitecture NewsAMO’s Stratified Scenography for Prada’s 2017 S/S Collection is Presented as “Total …Architecture News Share ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/789731/house-in-butanta-23-sul Clipboard Projects Save this picture!© Pedro Kok+ 22 Share House in Butantã / 23 SUL Arquitetura Area: 153 m² Year Completion year of this architecture project House in Butantã / 23 SUL ArquiteturaSave this projectSaveHouse in Butantã / 23 SUL Arquitetura “COPY” Architects: 23 SUL Area Area of this architecture project Photographs: Pedro Kok Manufacturers Brands with products used in this architecture project 2014 Houses “COPY” CopyAbout this office23 SULOfficeFollowProductConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesSão PauloSao PauloBrazilPublished on June 20, 2016Cite: “House in Butantã / 23 SUL Arquitetura” 20 Jun 2016. ArchDaily. Accessed 11 Jun 2021.
ArchDaily Projects Pit Terrace / Jorge Almazán Architects + Keio University Almazán Lab Pit Terrace / Jorge Almazán Architects + Keio University Almazán LabSave this projectSavePit Terrace / Jorge Almazán Architects + Keio University Almazán Lab Save this picture!Courtesy of Jorge Almazán Architects + Keio University Almazán Lab+ 12Curated by Danae Santibañez Share Architects: Jorge Almazán Architects, Keio University Almazán Lab Area Area of this architecture project CopyAbout this officeKeio University Almazán LabOfficeFollowJorge Almazán ArchitectsOfficeFollowProductWood#TagsProjectsBuilt ProjectsSelected ProjectsUrbanismUrban DesignPublic SpaceResidential ArchitectureHousesIchikawamisatoJapanPublished on January 23, 2019Cite: “Pit Terrace / Jorge Almazán Architects + Keio University Almazán Lab” 22 Jan 2019. ArchDaily. Accessed 11 Jun 2021.
to go further ChinaAsia – Pacific News ChinaAsia – Pacific Follow the news on China February 19, 2008 – Updated on January 20, 2016 European Olympic Committees urged to get to grips with issue of human rights in China RSF_en April 27, 2021 Find out more Organisation China’s Cyber Censorship Figures Democracies need “reciprocity mechanism” to combat propaganda by authoritarian regimes News – 22 FebruaryThe issue of the freedom of expression of athletes participating in the Beijing Summer Olympics was addressed by International Olympic Committee president Jacques Rogge at the meeting of the executive committee of the European Olympic Committees (EOC) on 20 February. An EOC official told Reporters Without Borders that Rogge said the Olympic Charter should be applied to the full as regards its ban on any propaganda activity by athletes at Olympic venues. But Rogge added that there was no question of restricting their right to free speech outside the venues. The IOC has sent a memo to all the national Olympic committees reminding them of this principle and asked them consult its communications department in the event of any conflict on this issue.– News China: Political commentator sentenced to eight months in prison News June 2, 2021 Find out more Receive email alerts Help by sharing this information Reporters Without Borders and Article 19 have written jointly to the heads of all the national Olympic committees in Europe and to Pat Hickey, the president of the European Olympic Committees (EOC), on the eve of an EOC meeting on 20 February 2008 in Lausanne.”Do we not have a right to expect a joint undertaking from the executive committee to impose no restriction on the freedom of speech of European athletes going to Beijing ?” the letter asks. “The Olympic Charter is already sufficiently precise in this regard and does not permit national Olympic committees to introduce new bans”.”The British Olympic Association’s attempt to limit the right of athletes to express their views on ‘any sensitive political issue’ during the Beijing games was a regrettable initiative and we welcome its subsequent U-turn”, the letter continues. “We also hail the initiatives taken by several Olympic committees such as those of Sweden and Norway, which are going to brief their athletes about the human rights situation in China”.In their letters, Reporters Without Borders and Article 19 urge the European Olympic committees to declare unambiguously that statements about human rights do not fall within the scope of Article 51(3) of the Olympic Charter and that NOCs and other members of the Olympic Movement should not attempt to restrict athletes’ right to freedom expression, whether explicitly or implicitly.“Olympic athletes should not be deterred from giving sincere and honest responses to journalists’ questions or from making comments on the situation of human rights in China or other countries out of fear that those statements will affect their sportive careers in any way. Athletes and NOCs need to understand this and that Article 51(3) in no way justifies restricting athletes’ right to make such statements”.Reporters without Borders and Article 19 also call on the European Olympic Committees to “get to grips” with the issue of human rights in China. “When Beijing was awarded the 2008 Olympics in Moscow in 2001, the Chinese authorities promised improvements in human rights and ‘complete press freedom’. We are very disturbed to see that the Olympic movement is unable to get the Chinese government to keep these promises”.”Seven years later, China has not seen any lasting improvement in free expression. Around 100 journalists, cyber-dissidents and free speech activists are currently in prison. The dissident Hu Jia was arrested just a few weeks ago for expressing his views on the human rights situation in the run-up to the Olympics. Like us, you know that it is unacceptable that Chinese citizens who are pressing for more freedom should be forced to watch the world’s greatest sports event from a prison cell”.”The International Olympic Committee’s continuing silence on all these issues is dramatic. The European Olympic Committees must behave differently and must become the guarantors of the humanist values enshrined in the Olympic Charter. Your committees must initiate this debate and take a position before next August. If nothing is done, the Olympic Games will be spoiled and marred by the deplorable situation of freedoms in China”.”Preventing athletes from talking about human rights abuses, contrary to their right to freedom of expression, violates the fundamental principles at the heart of the Olympic Charter, contradicts the spirit of the Olympic Games and amounts to condoning the human rights abuses committed by too many countries around the world, including China”.”As you know, China’s government and Communist Party attach the utmost importance to the success of the Olympic Games. It is therefore not too late to get the organisers of the Beijing games to release prisoners of conscience and lift censorship”. March 12, 2021 Find out more
By admin – March 7, 2018 Pinterest Pinterest WhatsApp Twitter Suspect charged with shooting at residence Twitter Previous articleMan charged with copper wire theftNext articleFive things you need to know today, March 7 admin Facebook Jose Luis Nava A man who reportedly fired 15 rounds into another person’s residence was charged by police Tuesday.Police were called about shots fired around 9:16 p.m. Tuesday in the 200 block of West Clements Street, an Odessa Police Department press release said.Upon arrival, officers made contact with the 30-year-old complainant, the release stated, who told police a man he knew, 36-year-old Jose Nava, had shot multiple times at his residence.The release detailed there had been a disturbance between the two, and after the complainant shut the front door of his residence and went inside, he heard several shots being fired. Nava left in a white GMC pick-up before police arrived.No injuries were reported, the release said, and police found about 15 shell casings at the scene, as well as several bullet holes and bullet slugs inside the residence.Officers found Nava’s vehicle around 10:17 p.m. in the area of Eighth Street and Dixie Boulevard, the release stated.Following a traffic stop identifying Nava, the release said Nava admitted to shooting at the complainant.OPD charged Nava with aggravated assault with a deadly weapon, a second-degree felony.Jail records show Nava was taken to the Ector County Detention Center Wednesday and has a $50,000 bond. Facebook WhatsApp Local NewsCrime
Pinterest Twitter TAGS A gray fog descended on Austin Tuesday morning, but the scene inside the Texas Capitol was one of colorful festivities to mark the first day of the 86th biennial legislative session.And perhaps the heartiest celebration took place in the Texas House, where lawmakers whooped and hollered after the unanimous election of state Rep. Dennis Bonnen as House speaker.Bonnen’s election marks a new era of leadership in the lower chamber for the first time in a decade. An Angleton Republican, he replaced former House Speaker Joe Straus, who announced in October 2017 that he would not seek re-election to office. Straus, a San Antonio Republican who was elected in 2009, held a record-tying five terms in the House’s top seat.Bonnen first announced he had the votes to become the next leader of the lower chamber in November. Since then, Bonnen worked behind the scenes to assemble a transition team and hire a staff to assume the speaker’s office. Lawmakers praised his leadership abilities in a series of speeches preceding the vote. State Rep. Senfronia Thompson, a Houston Democrat with 45 years of experience serving in the House, drew a standing ovation for her remarks. Bonnen “has learned the ins and the outs of the Texas House as well as anyone I’ve ever served,” she said.Bonnen pledged to keep the Texas Legislature from getting “caught up in things that don’t lead to real results.” He named public school funding as his top priority, in addition to school safety, combating human trafficking and reforming property tax collection.”I’ve never seen the point in sugar-coating things,” he said. “I am direct and I am a problem solver.” In Bonnen’s closing remarks, after asking for unity among House members, he gave a tearful tribute to his father, recalling some advice from the elder Bonnen, who passed away in 2017. “Let’s be sure when we adjourn sine die we leave this House and this state better than we found it,” he said. “There’s a saying we have in Texas: as Texas goes, so goes the nation.”Meanwhile, the leader of the Texas Senate, Lt. Gov. Dan Patrick, was conspicuously absent on opening day. “He was called by the White House to discuss some issues that are critical to Texas,” said state Sen. Jane Nelson, R-Flower Mound, who presided over the chamber in Patrick’s stead.Before a crowd of doting spouses and toddling grandchildren, Texas Supreme Court Chief Justice Nathan Hecht administered the oath of office to a slate of new and returning state senators. Among them were state Sen. Charles Schwertner, who gave up his powerful committee chairmanship last week after an inconclusive sexual harassment investigation, who came with his family, and incoming state Sen. Angela Paxton, who was accompanied by her husband, Texas Attorney General Ken Paxton.Nelson joked that she was certainly the first grandmother of 11 to gavel in a session of the Texas Legislature.Soon after, state Sen. Kirk Watson, an Austin Democrat and the former mayor of the capital city, was elected president pro tempore, a ceremonial role that puts him third in line for the governorship after Patrick.Other visitors and guests of all stripes had gathered at the Capitol hours earlier, with palpable enthusiasm for another 140-day marathon of state government.This massive pink granite structure is the site where, over the next six months, the two legislative bodies will make decisions that shape the daily lives of nearly 30 million people for the next two years. How crowded will student classrooms be? Where will new highways be built? Who deserves publicly funded health care?But those debates will come later. On Tuesday, the mood was a mix of anticipation and nostalgia; for some the scene played out like the first day of school, for others a class reunion. Giddy celebration punctuated the pomp and circumstance.The celebrations reached all corners of the building.Huddled in the Capitol’s rotunda, a group dubbed the “resistance choir” gathered for a finger-snapping rendition of Meghan Trainor’s “Dear Future Husband.” The group’s left-leaning membership has steeled itself for another difficult session in the Republican-led Legislature, but today, a kind of truce held.“We’re just excited to be here. Today, we’re not here to protest,” said Anne Withrow, one of group’s members.Elsewhere, children clutched their parent’s hands and seemed eager to have their photos taken inside the historic building. Hustling around them, lobbyists sporting sharp business suits, phones pressed to their ears, shuffled upstairs to convene outside the House and Senate chambers. A few state lawmakers, too, shook hands with constituents and visitors before preparing to get sworn into office.A hoard of people outside dressed in Rastafarian green, gold and red held flags with pro-marijuana messages plastered to them. Across the street, in front of the governor’s mansion, climate scientists and activists assembled at a podium to call on Gov. Greg Abbott to address global warming. Read related Tribune coverageThere’s a new Texas House speaker in townDennis Bonnen has spent half his life in the Texas House. Is he ready to run it?Everything you need to know about the first day of the Texas Legislature Facebook Twitter WhatsApp By Digital AIM Web Support – February 24, 2021 Texas House names Dennis Bonnen new speaker on celebratory opening day Facebook Local NewsState Pinterest WhatsApp Previous articleLos Angeles Lakers waive 2-time champion guard Quinn CookNext articleGOOD NEWS: Sul Ross grad student connects WWII airman with lifesaving history Digital AIM Web Support
Multifamily PropertyAuction.com 2014-01-23 Carrie Bay Print This Post Micro Apartments Yield A Big Boom in the Small Space Sector Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Ever since the economy took a hit in 2008, downsizing has been a top priority for many homeowners and renters. The McMansion is out; low-maintenance living is in.You can see it in traditional listings as well as on the real estate auction block—for the past several years, capacious luxury mansions have been sold via auction due to previously languishing on standard real estate listings; this continues to be a popular method of sale for owners looking to liquidate these mammoth estates (just ask Michael Jordan). With finances still in flux for most Americans, cutting back on monthly costs of maintaining a home or apartment is essential. Enter the micro apartment—the latest trend in economical living space.Being scooped up by young urban singles, service workers, recent grads, and retirees on a fixed income, the micro apartment is the epitome of the downsize. Typically weighing in between 200 and 350 square feet (at most), these units often include private bathrooms and modern building amenities, yet require sharing a kitchen and patio with other micro dwellers. Many consider this a small sacrifice due to the clever space-saving floor plan that offers such furnishings as a dining room table which transforms into a bed, as well as a host of built-in shelves for storage. Bundle that with Internet access and an optimal location near city hot spots and transportation, and micros can be the ideal home for some. Micro apartments have become favored dwellings in leading metropolitan areas such as New York, Boston, San Francisco, and Seattle.USA Today recently covered this real estate sector uptick, reporting, “Though tiny has long been typical in Manhattan, mini-apartments are popping up in more U.S. cities where land is finite, downtowns have regained cachet, and rents have risen. In a digital age when library-sized book collections can be kept on a hand-held device, more Americans see downsizing as not only feasible but also economical and eco-friendly. . . . Developers say they can’t build micro-housing fast enough.”Seattle, in particular, is leading the way with micros, where this style of living is exceptionally popular for young singles who want to reside within city limits. Jim Potter, founder of Footprint Investments and chairperson of Kauri Investments, a real estate investment and development company, has already completed six buildings with 40 to 60 micro apartments each in Seattle and is in the process of developing similar buildings this year in Portland, Oregon, and Jersey City.”We don’t do any advertising, and we’re 100 percent occupied all the time,” Potter said. “It is a national phenomenon and Seattle is ahead of the pack. . . . Nobody else is producing something at this moderately priced range. You get a brand new building with a new bathroom. You get Internet access and it’s fully furnished. In general, our buildings are on major bus lines and/or light rail.”Seattle may be ahead in the micro-space now, but it may not be for long. Despite a blanket 400 square-foot requirement on all apartments in New York City, the Big Apple is also entering the micro arena.“Last year [Mayor Michael] Bloomberg, along with the Department of Housing Preservation and Development Commissioner, Mathew M. Wambua, launched the adAPT NYC Competition, a pilot program to develop a rental building composed of micro-units,” AOL Real Estate reports. “The winner of the competition proposed 55 units ranging from 250 to 370 square feet (23 to 34 square meters), made of prefab modules. The building is scheduled for completion in Manhattan by September 2015, and will include a rooftop garden, lounges, a deck, laundry, bike storage, a cafe, and fitness room.”San Francisco and Boston are getting in on the micro action as well, where these “aPodments,” “micro lofts,” or “metro suites,” as they are often called, are being sought after by service workers who want close proximity to their jobs, as well as techies who consider utilizing a micro as a second home for late nights in the city. The economical rent is the greatest draw.“In San Francisco, Patrick Kennedy of micro-apartment developer Panoramic Interests, rents 295-square-foot apartments for $1,600, about a third less than the going rate for newly built studios in the area,” CNNMoney reports. “Panaromic’s recently completed 23-unit building includes a Murphy bed that flips up and leaves a dining table behind that can seat five people, a work area, storage, exterior space, and Internet access—all within 295 square feet. The kitchens have refrigerators, dishwashers, and microwaves, but no conventional ovens.”Many metropolitan areas are thrilled with this new property boom. “City officials often welcome this mini-sizing, which is common in Tokyo and many European capitals, as a smart-growth, lower-priced solution to a housing phenom: people living alone,” USA Today reports. “Nationwide, the share of households occupied by a single person reached 27 percent in 2010, up from 8 percent in 1940 and 18 percent in 1970. The number exceeds 40 percent in Atlanta, Cincinnati, Denver, Pittsburgh, Seattle, St. Louis, and Washington, according to Census data.”Not everyone appreciates this new micro movement. Many residents who live near these micro-unit buildings complain of overcrowding and less parking availability since these complexes do not offer parking spaces or garages for occupants.Yet overall, this new option for more affordable city living has a myriad of benefits for various groups, including real estate developers and city planners as well as apartment dwellers. While the appeal of the micro apartment tends to draw young singles who love the nightlife and rarely spend a quiet evening at home, this living space is also attracting a senior demographic looking for a low-maintenance, cost-effective domestic habitat. It seems that across the board, the micro apartment holds a level of enticement for a wide range of renters, which may mean the boom has just begun. The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Share Save Previous: Economists Outline What to Watch for in the Real Estate Market of 2014 Next: Interest Rates Steady as Markets Await Fed News January 23, 2014 832 Views Home / Commentary / Micro Apartments Yield A Big Boom in the Small Space Sector Ori Klein is president and founder of PropertyAuction.com. He has over 20 years’ experience in software consulting, technology, and Web design and has served as an external consultant and in-house technology officer for various startups, corporations, not-for-profits, franchises, and Fortune 500 companies. At PropertyAuction.com, he has worked with clients both nationally and globally, helping them use the Web to deploy concepts, expand their reach, and increase their revenues. He has successfully co-founded various startup companies and provided the technology needed to put them on the map, including PropertyAuction.com, PropertyRover.com, Findbuyers.com, Adzoomi.com, and Cameostars.com. About Author: Ori Klein Subscribe Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: Multifamily PropertyAuction.com Data Provider Black Knight to Acquire Top of Mind 2 days ago in Commentary, Daily Dose, Featured, Headlines, Market Studies Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Related Articles