Terrazas de la Estancuela Houses / Adolfo Mondejar Estudio de …

first_img Argentina Projects Terrazas de la Estancuela Houses / Adolfo Mondejar Estudio de Arquitectos CopyHousing•La Calera, Argentina Architects: Adolfo Mondejar Estudio de Arquitectos Area Area of this architecture project “COPY” Save this picture!© Gonzalo Viramonte+ 28Curated by Danae Santibañez Share 2017 “COPY” Terrazas de la Estancuela Houses / Adolfo Mondejar Estudio de ArquitectosSave this projectSaveTerrazas de la Estancuela Houses / Adolfo Mondejar Estudio de Arquitectos Housingcenter_img ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/890782/duplex-terrazas-de-la-estancuela-adolfo-mondejar-estudio-de-arquitectos Clipboard ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/890782/duplex-terrazas-de-la-estancuela-adolfo-mondejar-estudio-de-arquitectos Clipboard Area:  220 m² Year Completion year of this architecture project Photographs ArchDaily Manufacturers: Aluminios del Interior S A, Andre Kevin Showroom Nueva Córdoba, Ferreteros La Calera, Ferrocons SA, Peusso Iluminar – Arquitecto Javier CamandonaContractor:Victor MedranoSanitary Installations:Jorge García, Claudio GarcíaElectrical Installations:Alejandro MassaroWork Blacksmithing:Pinto & Barreto Herrería de ObraStructural Calculation:Jose Luis Gomez, Ivan SalgadoArchitect In Charge:Adolfo MondejarDesign Team:Francisco Figueroa Astrain, Adriana BarberisCity:La CaleraCountry:ArgentinaMore SpecsLess SpecsSave this picture!© Gonzalo ViramonteRecommended ProductsEnclosures / Double Skin FacadesRodecaRound Facade at Omnisport Arena ApeldoornFiber Cements / CementsApavisaTiles – Nanofusion 7.0MetallicsSculptformClick-on Battens in Ivanhoe ApartmentsFiber Cements / CementsRieder GroupFacade Panels – concrete skinText description provided by the architects. The place is located on the outskirts of La Calera, 20 km away from Cordoba. Urban developments are becoming a housing option specially for young families. The neighbourhood is designed in a former quarry where the topography, the existing vegetation and the impressive views from the city of Cordoba are priorities for the location. A block here allows the subdivision in condominium and this is what leads to the project.Save this picture!© Gonzalo ViramonteSave this picture!Section 1Save this picture!© Gonzalo ViramonteSave this picture!Section 2The plot presents a strong slope having the highest point in the street. The project proposes an alternative to the commercialization of this type of  housing, adapting the available budget and prioritazing location, landscape, dwelling posibilities, and benefits for the neighbourhood, not just for the plot, trying to utilize the resources at hand in the best possible way.Save this picture!© Gonzalo ViramonteThe idea starts from the impressive connection between landscape, nature, the necesity to preserve the native arboreal species and the opportunity to preserve the views from the street,  proposing a lookout in the access floor, where there are located the parking lot and two benches for contemplation of the landscape and the distant city.Save this picture!© Gonzalo ViramonteSave this picture!Living floor planSave this picture!© Gonzalo ViramonteThe design is resolved in regular floor plans, the first one contains the living room, kitchen, laundry room and toilet linked to a balcony that has the dimension of the entire space, creating a unique environment with exclusive views of the landscape. In the lower floor are resolved the bedrooms and the main bathroom linked by a space with the possibility of being used as a living room – bedroom or as a study. The warehouse, the water heater and the pipes are gather in a space that separates the cliff from the building and proposes the isolation of the dampness from the land.Save this picture!© Gonzalo ViramonteThe project pretends to solve with precision the decisions about economy without losing quality in the design, understanding that lansdcape is imperative and that the vegetal species must be preserved at the cost of constructive and location efforts. The roof deck is an opportunity for the neighbourhood to recover the emptiness and  permeability that houses in general are not proposing these days.Save this picture!Sketch 01The materials used were bought beforehand, stocking ceramic bricks and pretensioned joists, which are the base of the construccion. The wall cladding proposed is a mixture of  cement and split stone, similar to the wall cladding made with glass used in our houses from the 50’s and 60’s, creating a united surface made of the walls and floor. The ironwork and handrails were made with mild steel bars of 18 inches diameter with matte lacquer to recover the natural tone of iron. The roof deck is resolved with split stone linked with the colors of the stone from the site. Reserve  tanks were placed under the entry stairs to hide them. Bathroom wall cladding is designed with granitic mosaics and some sanitary devices were reutilized in both the main bathroom and the guest bathroom.Save this picture!© Gonzalo ViramonteBecause of the strong slope of the site, the two blocks do not appropriate the land having therefore a dominating base of native vegetation in the mountain. The proposed lighting  is only expresed in the roof deck to discover the arboreal species, letting in the shadows the other vantage points allowing to enhance the landscape of far city lights, and the existing darkness between the neighbourhood and Cordoba’s downtown.Save this picture!Sketch 04The project tries to go to the necessary, to the decisions that have an impact on the architecture made with average resources, away from the commercial signs that lead the landscape of these neighbourhoods nowadays.Save this picture!© Gonzalo ViramonteProject gallerySee allShow less6 Materials That Age BeautifullyArticlesA Deep Dive Into the Sad Story of the Makoko Floating SchoolArchitecture NewsProject locationAddress:Jorge Luis Borges 489, 5151 La Calera, Córdoba, ArgentinaLocation to be used only as a reference. It could indicate city/country but not exact address. Share Photographs:  Gonzalo Viramonte Manufacturers Brands with products used in this architecture project Year:  CopyAbout this officeAdolfo Mondejar Estudio de ArquitectosOfficeFollowProductsSteelConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousingLa CaleraArgentinaPublished on March 26, 2018Cite: “Terrazas de la Estancuela Houses / Adolfo Mondejar Estudio de Arquitectos” 26 Mar 2018. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Browse the CatalogPartitionsSkyfoldVertically Folding Operable Walls – Zenith® SeriesVinyl Walls3MExterior Vinyl Finish – DI-NOC™ StoneShowerhansgroheShowers – Croma SelectDoorsRaynorGarage Door – Advantage SeriesConcreteSika3D Concrete PrintingSignage / Display SystemsGoppionDisplay Case – Bre-ClassSkylightsVELUX CommercialModular Skylights in Atelier Zimmerlistrasse OfficeWindowsswissFineLineSliding Windows in Villa LakesideSuspension SystemsMetawellAluminum Panels for Smart CeilingsGlassDip-TechDigital Ceramic Printing in Roofs & CanopiesSound BoothsFrameryMeeting Pod – Framery Q – Flip n’ FoldWall / Ceiling LightsAsaf WeinbroomLighting – Linestra 110 BrassMore products »Save想阅读文章的中文版本吗?’双拼’住宅 / Adolfo Mondejar Estudio de Arquitectos是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my streamlast_img read more

New York guv to import Israeli repression

first_imgMarch 5, Gov. Andrew Cuomo in Israel.New York Gov. Andrew Cuomo made a 15-hour visit to Israel on March 5-6, pledging to forge stronger ties between Tel Aviv and his government.Before ths trip, Cuomo tried to justify the flight as responding to a wave of anti-Semitism within the United States, but he reportedly told Israeli officials that he also hoped to bolster the flagging support for their occupying state within his Democratic Party.After Cuomo’s return, Dani Dayan, Israel’s consul general in New York and a former West Bank settler leader who had accompanied the governor, told WNYC’s Brian Lehrer Show that Cuomo “said that the Democratic Party was traditionally the most pro-Israeli of the two [U.S.] American parties and he doesn’t understand why in the fringes of the Democratic Party there is a different attitude towards Israel.”Dayan added, “You cannot unfortunately miss the fact that in the fringe left of the Democratic Party there are some elements that are blatantly anti-Israel, some even support BDS [Boycott, Divestment and Sanctions].” (mondoweiss.net)The party establishment, which mobilized behind Hillary Clinton’s disastrous campaign last year and shows early signs of favoring Cuomo as a presidential contender in 2020, has typically competed with Republican leaders to express the most enthusiasm for Israel’s massacres, displacement and other crimes against Palestinians.Before her defeat, Clinton promised the American Israel Public Affairs Committee “to take the U.S./Israel alliance to the next level.” (time.com)But public opinion polls show that Democratic voters’ disgust with their party’s unwavering support for Israeli atrocities is rapidly entering its mainstream.One poll released by the Brookings Institute in December found 60 percent favoring economic sanctions and other serious responses to Israel’s construction of settlements in the West Bank, a figure that had grown by 11 percent in a year.The sentiment at his party’s grass-roots may have pushed then President Barack Obama to abstain from, rather than veto, a Dec. 23 U.N. Security Council resolution condemning Israel’s illegal colonization.Fatigue with establishment Democrats’ bloodlust almost certainly ranked among the factors that led millions of their voters to avoid the polls on Nov. 8, propelling Republican nominee Donald Trump to a shocking victory.‘Best practices’Cuomo also used his trip to announce the launch of a 22-member New York-Israel Commission “to strengthen economic and cultural ties” with Israel.The body, chaired by New York Daily News and U.S. News & World Report owner Mort Zuckerman, includes a raft of Zionist leaders and business figures, as well as two union presidents: Stuart Appelbaum of the Department Store Union and Randi Weingarten of the American Federation of Teachers. Among other tasks, the commission will “connect New York and Israeli law enforcement to share best practices for counterterrorism operations.” (governor.ny.gov)With increased attention to racist killings and other police abuses, Cuomo and the Democratic establishment may find the importation of Israel’s methods of repression no more popular among their party’s voters than their lockstep support for its crimes.In one notorious instance of sharing “best practices,” Israeli intelligence operations in the West Bank inspired the New York Police Department’s Demographics Unit, a far-reaching effort to surveil 28 overwhelmingly Muslim “ancestries of interest.”Facing public outrage and two lawsuits, the NYPD dissolved the unit in 2014, but its “rakers” had already infiltrated mosques, student groups, bookstores and cafes, as well as political organizations like Al-Awda: The Palestine Right to Return Coalition.Even after the unit’s dissolution, Mayor Bill de Blasio continued to defend its explicit targeting of ethnic and religious minorities against legal challenges.“It really is a full-throated defense by the de Blasio administration of the same practices that his predecessor put in place,” Omar Farah, a Center for Constitutional Rights attorney, said before the two cases were finally settled last year. (theintercept.com)Israel trains U.S. copsIsraeli occupation forces have also trained over 10,000 U.S. police officers and federal agents since 2002 on trips funded by Zionist groups like the American Jewish Committee, the Anti-Defamation League and the Jewish Institute for National Security Affairs.Many come from departments, like those in St. Louis County, Mo., and Baltimore, whose killings of Black people have sparked mass uprisings, as well as from notoriously racist agencies like Immigration and Customs Enforcement.The NYPD even has an office inside the Sharon District Police Headquarters in Kfar Saba, its expenses paid by the New York City Police Foundation.Ultimately, only popular movements, not electoral politics, can end both domestic repression and U.S. support for atrocities committed overseas.But the growth of these movements in the Trump era may make it harder for de Blasio, Cuomo and the rest of the Democratic establishment to find traction for their racist policies, even within the narrow confines of Democratic politics.Catron is a member of Al-Awda New York: The Palestine Right to Return Coalition and an organizer with Samidoun: Palestinian Prisoner Solidarity Network.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Community Bank Reports Year-to-Date Earnings of $11.2 Million and Declares Cash Dividend on Common Stock

first_img Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. First Heatwave Expected Next Week Business News Business Districts News Community Bank Reports Year-to-Date Earnings of $11.2 Million and Declares Cash Dividend on Common Stock From STAFF REPORTS Published on Friday, July 24, 2015 | 3:03 pm Subscribe EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday More Cool Stuff Top of the News Name (required)  Mail (required) (not be published)  Website  HerbeautyKim To File For Divorce From Kanye West After 6 Years Of MarriageHerbeautyHerbeautyHerbeautyShort On Time? 10-Minute Workouts Are Just What You NeedHerbeautyHerbeautyHerbeauty5 Things To Avoid If You Want To Have Whiter TeethHerbeautyHerbeautyHerbeautyThink The Lost Weight Won’t Be Regained If You Stop Eating A Lot?HerbeautyHerbeautyHerbeautyYou’ll Want To Get Married Twice Or Even More Just To Put Them OnHerbeautyHerbeautyHerbeautyJennifer Lopez And Alex Rodriguez’s Wedding DelayedHerbeautyHerbeautycenter_img faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Make a comment Your email address will not be published. Required fields are marked * 6 recommended0 commentsShareShareTweetSharePin it Community Bank, founded in 1945, is an independent Southern California regional community bank, with assets of $3.4 billion and is headquartered in Pasadena with 16 business centers.These financial results are testament to the successful execution of the Bank’s strategic initiatives. It’s a simple concept: deliver great service to our clients.”Highlights of the second quarter are as follows:• The second quarter of 2015 reflects a $3.8 million reduction in net income in relation to a balance sheet restructuring strategy in which the Bank paid off $153 million in FHLB advances with an average rate of 3.65% in combination with security sales yielding 2.65%. This was previously discussed in our press release dated June 12, 2015.• Net income for the first six months of 2015, before the costs of restructuring, was $15.1 million. This compares to pre-tax income for the prior period of $12.9 million, representing a 17.1% increase.• Including the cost of restructuring, net income for the first six months of 2015 was $11.2 million compared to $12.9 million for the similar period in 2014. For the second quarter of 2015, the Bank reported net income of $4.0 million compared to $6.2 million for the same quarter last year.• For the first time in the Bank’s history, Shareholders’ Equity reached $300 million.• Total core deposits increased approximately 6.6% to $2.24 billion as of June 30, 2015 as compared to $2.10 billion as of June 30, 2014. (Note: The Bank defines core deposits as those deposits generated by its branch network including specialty areas. It excludes deposits placed primarily with financial institutions through the Treasury area of the Bank).• Total loans as of June 30, 2015 increased more than 7% to $2.3 billion as compared to $2.2 billion as of June 30, 2014.• The Bank’s reserve for loan losses as of June 30, 2015 was $35.5 million or 1.52% of total loans. No provision was added or released for loan losses for either the first six months of 2015 or 2014 despite a 48% drop in non-performing assets for the comparable period.• Community Bank’s capital ratios continue to significantly exceed regulatory requirements with Tier 1 Leverage, Tier 1 Risk-based Capital and Total Risk-based Capital Ratios of 8.40%, 10.59%, and 11.84%, respectively, as of June 30, 2015.• The Board of Directors declared a $0.45 per share cash dividend (aggregating approximately $1.4 million) on its outstanding common stock. The dividend was approved at the regularly scheduled Board of Directors meeting held on July 23, 2015. It will be payable on or about September 1, 2015 to common shareholders of record as of August 14, 2015.David R. Misch, Chief Executive Officer commented, “These financial results are testament to the successful execution of the Bank’s strategic initiatives. It’s a simple concept: deliver great service to our clients.”Director Chuck Cook added, “Client orientation is what this Bank has been driven by since it was formed by Charlie and Howard Cook 70 years ago. It is why we continue to do well.”Community Bank, partnering to be YOUR community bank, has offices in Anaheim, Burbank, Century City, Commerce, Corona, Fontana, Glendale, Huntington Beach, Irvine, Ontario, Pasadena, Redlands, Santa Clarita, Santa Fe Springs, South Bay, and Woodland Hills. For more information, visit the Community Bank Website at www.cbank.com. Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Community News Community News Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadenalast_img read more

It’s finished on the Late Late Show

first_imgAnnie Lynch is the first person to receive the Pfizer BioNTech COVID-19 vaccine in Ireland Previous articleThe Late Late Show in Limerick cancelledNext articleBosco’s Once Upon A Time Tour comes to the Lime Tree Theatre Bernie Englishhttp://www.limerickpost.ieBernie English has been working as a journalist in national and local media for more than thirty years. She worked as a staff journalist with the Irish Press and Evening Press before moving to Clare. She has worked as a freelance for all of the national newspaper titles and a staff journalist in Limerick, helping to launch the Limerick edition of The Evening Echo. Bernie was involved in the launch of The Clare People where she was responsible for business and industry news. Advertisement Linkedin Twitter TAGSCoronavirusfeaturedLte Late Showpostponed WhatsApp Limerick health chiefs urge public not to withhold information on virus contacts, as they investigate “complex and serious outbreaks” across midwest region Facebook Government announces phased easing of public health restrictions center_img No vaccines in Limerick yet RELATED ARTICLESMORE FROM AUTHOR Walk in Covid testing available in Limerick from Saturday 10th April Print THE LATE Lte show which was due to be broadcast from Limerick’s University Concert Hall this Friday has been postponed.RTE and the concert Hall said this morning that the event has been deferred due to the risk of Coronavirus.Sign up for the weekly Limerick Post newsletter Sign Up But RTE says that the show has not been cancelled and will be rescheduled at a later date as an outside broadcast. NewsBreaking newsIt’s finished on the Late Late ShowBy Bernie English – March 10, 2020 591 Email Shannon Chamber welcomes announcement that drive-thru Covid-19 testing centre to open at Shannon Airportlast_img read more

SCAORA Urges Supreme Court To Partially Cancel Summer Vacations From May 18 to June 20

first_imgTop StoriesSCAORA Urges Supreme Court To Partially Cancel Summer Vacations From May 18 to June 20 LIVELAW NEWS NETWORK14 April 2020 2:11 AMShare This – xThe Supreme Court Advocates-on-Record Association (SCAORA) has requested the Supreme Court to “partially cancel” the Summer vacations and conduct hearings between the period of May 18, 2020 and June 26, 2020. The request has been made in the backdrop of loss of court work and severe hardships inflicted on both Advocates as well as litigants, during the COVID-19 pandemic and the…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Supreme Court Advocates-on-Record Association (SCAORA) has requested the Supreme Court to “partially cancel” the Summer vacations and conduct hearings between the period of May 18, 2020 and June 26, 2020. The request has been made in the backdrop of loss of court work and severe hardships inflicted on both Advocates as well as litigants, during the COVID-19 pandemic and the nationwide lockdown. A resolution to this effect was passed by all the members of the SCAORA unanimously on Monday, April 13, in a meeting convened via video conferencing. In effect, it has been urged that the period of Summer vacations that were scheduled to begin from May 18 be restricted only between June 22 and July 5, to make up for the loss of court working hours. “Such Summer vacations, even though limited, will enable the Advocates hailing from different parts of the country to visit their families. SCAORA requests it’s members to render their fullest co-operation,” a statement issued by the Association read. Notably, the Supreme Court decided to restrict its functioning to hear only urgent matters on March 13 and the same is expected to continue till May 3 until the lockdown is lifted. Subscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Storylast_img read more

SC Allows A COVID19 Infected CLAT Aspirant To Take Exam At An Isolation Centre [Read Order]

first_imgTop StoriesSC Allows A COVID19 Infected CLAT Aspirant To Take Exam At An Isolation Centre [Read Order] Sanya Talwar27 Sep 2020 10:33 PMShare This – xThe Supreme Court on Monday permitted an applicant who was COVID19 infected to appear in the CLAT 2020 entrance exam scheduled today.A bench of Justices Ashok Bhushan, R Subhash Reddy & MR Shah made it clear that only the aspirant who had approached the Court vide the said urgent application shall be permitted to avail the facility and take the exam. The court said that the applicant…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Supreme Court on Monday permitted an applicant who was COVID19 infected to appear in the CLAT 2020 entrance exam scheduled today.A bench of Justices Ashok Bhushan, R Subhash Reddy & MR Shah made it clear that only the aspirant who had approached the Court vide the said urgent application shall be permitted to avail the facility and take the exam. The court said that the applicant shall provide a copy of the order in the instant case to the authorities so as to be able to take the exam.”There is very little time. We’ll direct that you be allowed to take the exam,” said Justice Bhushan while adding that the applicants must strive to serve the Consortium before 12 PM today so that adequate arrangements can be made.Advocate Garima Parshad and Sumit Chandra appeared for the applicants.Chandra told the Court that there were not just 1-2 Covid19 infected aspirants who were aspiring to take the CLAT Exam but a couple of others and urged the Court to pass a general order for their benefit as well.”They (the Consortium) had said so in their SOPs,” argued Chandra.However, the Court was not inclined to pass a general order, stating that there was paucity of time and the exam had to be conducted.”You worry about yourself, why worry about others?,” said Justice Shah.The plea was filed by a Covid positive CLAT aspirant, Mr. Deepansh Tripathi.The Applicant sought clarification to the judgment [Rakesh Kumar Agarwalla and Anr. v. National Law School of India University, Bengaluru & Ors.] passed by the Supreme Court on 21 September 2020 and order of the CLAT Consortium in regard to denial to appear in CLAT exams to aspirants suffering from Covid-19 by not providing isolation rooms at the exam centres for COVID-19 positive aspirants, as promised earlier. (Admit cards have been issued with a provision that isolation rooms/centres will be provided to Covid positive students.)As per the latest order of the CLAT Consortium, the candidates who have tested positive for COVID-19 and are under medical surveillance will not be permitted to take the CLAT 2020 examination scheduled to be held on 28 September 2020. The applicant alleges and submits that:”the sudden change in the stand of the Consortium of National Law Universities has deprived the applicant of his fundamental right under Article 14 of the Constitution of India to be treated as an equal and be given opportunity to appear in the examination on 28.09.2020 which otherwise he was well entitled to like any other student.”The applicant has relied to the statement by the Vice-Chancellor of NLSIU, Bangalore, Mr. Sudhir Krishnaswamy which was reported by LiveLaw on July 9, 2020, where he has assured that:”the health and safety protocols that will be followed at the test centers will be of ‘highest standard’. He has also informed that the Consortium has classified all centers into ‘general testing rooms’ and ‘isolation rooms’.”The Petition has been filed by Advocate Garima Prashad and Advocate Sumit Chander and Advocate Vinay KumarClick Here to Download Order[Read Order]Next Storylast_img read more

Hospitality startups pick at carnage of failed rivals

first_img(Photo illustration by The Real Deal)Almost everything has remained the same at 70 Pine Street — the oak floors, modern furnishings and colorful art — except for the short-term rental startup operating its 132 rooms. After six years in business, Lyric succumbed to shaky finances and a travel shutdown in July 2020. Now, the 66-story Lower Manhattan building is the New York City flagship for Mint House, a three-year-old startup that caters to business travelers.  Mint House is one of several short-term rental companies playing a game of musical chairs with its failed rivals. Startups such as Lyric and Stay Alfred — which leased apartments and operated furnished rentals — went out of business after the pandemic sent travel into a spiral, leaving behind several thousand vacant units across the country. That’s created a big opportunity for other short-term rental startups to expand without having to front the costs of outfitting and readying units from scratch. ADVERTISEMENT “These properties have been left high and dry,” said Jesse DePinto, a co-founder of Milwaukee-based FrontDesk, which operates 580 units — 60 of which it picked up from troubled operators over the spring and summer. “A lot of the businesses have great furniture, locations and the consumer demand is certainly there.” Including 70 Pine, Mint House now operates nearly 1,000 units, up 75 percent since August 2020, according to CEO Will Lucas.Read moreStay Alfred, VC-backed hospitality startup, closes for goodAnother bloodbath: Lyric to slash jobs, drop unitsDomio not shutting down, plans “financial re-engineering” The company, which signs management agreements with building owners, touts its contactless offerings, including keyless entry, smart thermostats and digital concierge. It has a partnership with Mirror, a home exercise startup. And it’s also teamed up with big corporations, including American Express Global Business Travel. Vector Travel, based in Los Angeles and Jacksonville, Florida, is also capitalizing on an opportunity to expand. Last month, it said it would discount its management fee for landlords who signed 18-month agreements. Founder Mickey Kropf said the goal is to help landlords impacted by lease defaults. Vector currently operates a “few hundred” units, and it is on track to grow 50 percent during the first quarter of 2021. About one-third of new units are coming from landlords impacted by lease defaults. “It’s a somewhat creative way of solving for the vacancy left behind,” Kropf said. Short-term surgeOver the past decade, short-term rentals proliferated across the U.S. The number of short-term rental units increased seven-fold to 1.5 million between 2014 and 2019, according to CBRE. That year, travel media outlet Skift pegged the sector at $115 billion. But the pandemic dealt a catastrophic blow in March 2020. Airbnb hosts, for example, lost $1.5 billion in bookings overnight. Not long after, Stay Alfred, which had raised $62 million from investors, permanently closed its doors in May and entered receivership. Lyric, which raised $180 million, folded in July. Domio, which raised $120 million in debt and equity, is in the process of winding down, sources said. Collectively, the three had around 3,500 units. “If we were doing this again, we would’ve looked to have owned more buildings,” Stay Alfred CEO Jordan Allen told the Spokane Journal in May, citing a “foundational crack” in the company’s model. “But renting became the business model.” For The Guild, a cross between Airbnb and a corporate-stay hotel, Covid was the catalyst to halve its portfolio, leaving it with around 300 units in Austin, Dallas, Miami, Cincinnati, Denver and Nashville. It also opted to “lean into” operating agreements, said co-founder Brian Carrico. “It’s really been about figuring out how to adapt and survive, extremely rapidly,” he said. The startup, which raised $25 million in January 2020, worked out termination agreements with some landlords, Carrico said. In some cases, it forfeited its security deposit and furniture; in others, it found replacement operators. New York City-based Kasa, which operates 1,000 short-term rental units in 35 cities, absorbed 124 of Guild’s units. It also took over units from Hi Howard, which closed pre-Covid, Lyric, Sonder and ApartmentJet. Kasa CEO Roman Pedan said there are inherent risks to the master lease model. “It seems risk-free and it isn’t,” he said. And that’s one thing that many of these now-failed startups had in common. Even before Covid, some skeptics questioned whether it made sense for hospitality startups to sign master leases with landlords. WeWork, which has since moved away from master leases,  served as a cautionary tale: Its plans to go public failed after filings revealed massive losses and lease commitments. (To date, the 11-year-old company has yet to turn a profit. ) Founded in 2016, Kasa initially leased units in order to demonstrate its operational ability, but Pedan said he refused to sign leases longer than 15 months. By 2019, the startup had shifted to service agreements. “In a lease, you’re tied to fixed rental payments,” Pedan said. “If the revenue drops, it amplifies your losses.” The new leaseWhen Lyric folded, its landlord at 70 Pine weighed its options carefully. The easiest thing to do would have been to convert the units to residential, said Marc Ehrlich, chief investment officer at  Rose Associates, which owns the property with DTH Capital. But one thing Rose and DTH did not consider was another master lease with a hospitality firm, which Ehrlich said “creates obvious financial strain.” Instead, Rose and DTH inked a management agreement with Mint House. Lyric continued operating 70 Pine until Mint House took over in November 2020.  It was a “difficult situation no one asked for,” said Ehrlich. But he described the transition as a “peaceful handing of the baton.” Most importantly, he added, “we were never dark.” Rose and DTH remained bullish on short-term rentals, even as they watched competitors in the area shutter permanently, including Prodigy Network’s AKA Wall Street and the Andaz Hotel in Lower Manhattan, which hit the market in March, asking $125 million. “We firmly believe there’s strong demand, notwithstanding the issues the hospitality industry is facing today,” Ehrlich said. “Long term, we think it will continue to do well.” And this summer, that thesis was confirmed. Short-term rental players held a distinct advantage over hotels as travel rebounded this summer: Travelers sought private accommodations to minimize their exposure to Covid-19. In November 2020, short-term rentals outperformed hotels in key U.S. cities, according to STR, the hotel data firm owned by CoStar. In Philadelphia, short-term rental occupancy was 62.9 percent, compared to hotel occupancy of 41.3 percent. In Miami, it was 81.9 percent compared to 43 percent, and in Nashville, 60.1 percent versus 37.7 percent. “What we do is aligned with what’s in vogue, as a result of Covid,” Pedan said. “At this moment, there’s a need for more flexible stays and professional operators.” He added that some landlords hired Kasa to capitalize on requests for two- to six-week furnished rentals that they otherwise had to turn away. Airbnb’s IPO in December 2020 — which valued the company at $100 billion, after its stock shot up 112 percent — further validated the short-term rental market. “It’s a major endorsement by the public market of a category that’s still in the midst of a pandemic,” Mint House’s Lucas said. “And yet everyone is seeing where this world is going.Contact E.B. Solomont Full Name* Email Address* Message* Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink AirbnbHotelsProptechSonder Tags Share via Shortlinklast_img read more

Increases in plasma sheet temperature with solar wind driving during substorm growth phases

first_imgDuring substorm growth phases, magnetic reconnection at the magnetopause extracts ~1015 J from the solar wind which is then stored in the magnetotail lobes. Plasma sheet pressure increases to balance magnetic flux density increases in the lobes. Here, we examine plasma sheet pressure, density and temperature during substorm growth phases using nine years of Cluster data (>316,000 data points). We show that plasma sheet pressure and temperature are higher during growth phases with higher solar wind driving whereas the density is approximately constant. We also show a weak correlation between plasma sheet temperature before onset and the minimum SuperMAG SML auroral index in the subsequent substorm. We discuss how energization of the plasma sheet before onset may result from thermodynamically adiabatic processes; how hotter plasma sheets may result in magnetotail instabilities and how this relates to the onset and size of the subsequent substorm expansion phase.last_img read more

DEMATTEO, ROSE

first_imgA funeral mass was offered Jan. 3 at Our Lady of Libera Church for Rose DeMatteo, 68, of North Bergen. She passed away Dec. 27. Predeceased by her parents Philomeno and John DeMatteo, she was the sister of Joseph DeMatteo and his wife Claudia; aunt of Jacquelyn and her husband Stan, David and his wife Cristina and great aunt to five nieces and nephews, and was also survived by many friends. Services arranged by the Vainieri Funeral Home, North Bergen.last_img

E-ZPass Toll System Arrives on Ocean City-Longport Bridge

first_imgDrivers have the option of using E-ZPass to pay their tolls. By Donald WittkowskiToll collector Arthur Sparks nodded at the motorist who pulled up to pay his fare Monday afternoon on the Ocean City-Longport Bridge and told him, “How are you doing there, buddy? We now have E-ZPass.”Sparks’ greeting was simple, but the meaning behind his words was monumental. After decades of having to pay their fares the old-fashioned way, motorists now have the option of using the automated E-ZPass system when crossing over the toll bridge into Ocean City.For them, that means no more fumbling for cash or coins to pay the toll. The slow and cumbersome process inevitably backs up traffic on the bridge, especially during the busy summer tourism season.Culminating a nearly two-year effort, the Cape May County Bridge Commission is installing the E-ZPass system on the five seashore bridges it operates along the scenic Ocean Drive coastal route.The bridge commission originally planned a toll hike coinciding with the arrival of E-ZPass, but later backed off. The toll will remain $1.50.The Ocean City-Longport Bridge was the first to get E-ZPass on Monday. The Middle Thorofare Bridge will be next on or about May 7, followed by the Grassy Sound Bridge on or about May 14 and the Corsons Inlet Bridge on or about May 21.The Townsends Inlet Bridge connecting Sea Isle City with Avalon was supposed to go live with E-ZPass by June 25, but it now appears the date will be pushed up to Memorial Day weekend, if not sooner.“I’m expecting to have all of the bridges on E-ZPass before the Memorial Day weekend,” said Karen Coughlin, the bridge commission’s executive director.A new “E-ZPass Accepted” sign lets drivers know the automated toll system is now in use.Although E-ZPass will be available on all of the bridges, cash and discount tickets will still be accepted as well. Even those vehicles with E-ZPass transponders will have the option to make payments with bridge tickets versus E-ZPass transactions, Coughlin said.The discount tickets cost $1.20, compared to the regular toll of $1.50. Coughlin noted that the bridges will continue to accept tickets through the summer. After that, the bridge commission will be introducing an E-ZPass discount program to replace the tickets.E-ZPass revolutionizes the toll-collection system on the Cape May County Bridge Commission network. For decades, motorists have had to endure the same slow-motion ritual for paying their fares – come to a complete stop at the toll plaza and hand over their cash and coins to the collector.“Now, they won’t have to have cash in their hand. I think that’s got to be the biggest benefit,” Coughlin said of the convenience of E-ZPass.The E-ZPass system will make the bridges compatible with major toll roads serving the Jersey Shore. E-ZPass, which allows motorists to pay electronically while breezing through a toll plaza without having to stop, has been in use for years on the Garden State Parkway and the Atlantic City Expressway.Ocean City-Longport Bridge toll collector Arthur Sparks tells a motorist about E-ZPassWhile E-ZPass promises to speed up the flow of traffic somewhat on the bridges, Coughlin stressed that motorists won’t zip through the toll plazas in the same way as the Garden State Parkway and Atlantic City Expressway. They will still have to wait for the toll plaza’s gate-like “arm” to be raised to let them pass through.“People are not flying through,” Coughlin said. “It’s faster, but it’s not speeding. We made sure these people are stopping.”To alleviate fears of E-ZPass traffic zooming through the toll plaza at high speeds, gates were installed on the Ocean City-Longport Bridge to slow drivers down. Cape May County has also installed a pedestrian crosswalk near the bridge to improve safety.Perhaps the most noticeable change to motorists will be the signs approaching the toll plazas. Previously, drivers were greeted on the Ocean City-Longport Bridge by a sign that declared “No E-ZPass” in red letters. Now, the signs say “E-ZPass Accepted.”“They are very happy about it,” toll collector Arthur Sparks said. “They feel it’s going to speed things up a bit.”Coughlin noted that most of the calls she receives at the bridge commission’s office are from motorists who question or complain about the lack of E-ZPass. Those calls are now expected to stop.“The comments we’re getting are pretty nice. They’re saying, ‘Hooray, you have it here. It’s finally working,’” Coughlin said of the reactions Monday on the Ocean City-Longport Bridge.The Ocean City-Longport Bridge is the first Cape May County Bridge Commission span to get E-ZPass. Four other commission bridges will follow with E-ZPass by Memorial Day weekend.last_img read more