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Life sciences boom continues with 36M sf in works

first_imgFull Name* Share via Shortlink Message* Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Meanwhile, prices have skyrocketed. Average monthly pricing for life sciences investment sales has more than tripled from May 2020, reaching $627 per square foot in December.The pandemic has done more than just bolster demand. Pfizer, one of the world’s largest pharmaceutical companies and vaccine manufacturers, got into the action by acquiring properties that it occupies in San Diego and Raleigh. The company now owns 4 million square feet across a dozen properties.Traditional offices, which have been imperiled by the pandemic, have found a savior in life sciences. Life sciences investment as a percentage of total office volume reached a record high of 16.4 percent in 2020, more than double the 2019 figure, as $15 billion of fundraising and $10 billion of closed real estate transactions spilled into the market.Still, with fitting issues and zoning prerequisites, converting some commercial spaces, such as retail, into life sciences venues can be difficult.Contact Sasha Jonescenter_img Photo Illustration of BioMed Realty CEO Tim Schoen and Alexandria Real Estate Equities CEO Joel S Marcus. (Getty, BioMed) Demand for life sciences doesn’t seem to be letting up.As the need for wet lab space exceeds the limited supply, more than 36 million square feet of new construction is expected to hit the top 14 life sciences markets across the United States, according to a new report by Newmark.That comes as $29.9 billion of health care venture capital poured into the market last year, a 36 percent increase from 2019.Major owners of life sciences space have been aggressively pursuing deals. Alexandria, currently the largest owner of such properties in the country, with about 300, closed on an estimated $3 billion in life sciences real estate last year. That’s in addition to the 2.8 million square feet that the company has under construction.Blackstone Biomed recorded the largest deal last year with its $3.45 billion acquisition of Brookfield’s 2.3 million-square-foot Cambridge portfolio. The project is slated to close in this quarter.Read moreStaying ahead on the life science leasing curveLife sciences deal is Washington state’s largest sale everLife-sciences sector proves safe haven for landlords Email Address* TagsBlackstone GroupCommercialCommercial Real Estatelast_img read more

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Report: Bryce Harper reaches $330 million deal with Phillies

first_img FacebookTwitterLinkedInEmailAllen Kee / ESPN Images(NEW YORK) — Free-agent slugger Bryce Harper is reportedly headed to Philadelphia.Harper has agreed to a 13-year deal with the Phillies for $330 million, league sources tell ESPN. A new record for overall dollars.The news comes after the former National League MVP met with the Philadelphia Phillies over the weekend.Sources told ESPN that Harper was interested in a long-term contract. The 26-year-old was said to be looking for a better deal than the 10-year, $300 million contract the Washington Nationals reportedly offered him when the 2018 season came to a close.Harper spent his entire MLB career with the Nationals. He wrapped up last season with a .249 batting average, 34 home runs and 100 RBIs.In October, he opted for free agency.Copyright © 2019, ABC Radio. All rights reserved. Written by February 28, 2019 /Sports News – National Report: Bryce Harper reaches $330 million deal with Philliescenter_img Beau Lundlast_img read more

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Embracing PropTech to support start-ups

first_imgHome » News » Agencies & People » Embracing PropTech to support start-ups previous nextAgencies & PeopleEmbracing PropTech to support start-upsLiFE Residential has launched LiFE Ventures, a new investment arm aimed at the property sector.Sheila Manchester23rd August 201702,669 Views London estate agency LiFE Residential has launched LiFE Ventures, a new investment arm of the business to support early stage start-ups in the property sector.LiFE Ventures acts as a micro fund, offering seed investment and an incubator programme to early stage start-ups, concentrating mainly on PropTech. Its most recent investment has been to the UK-based company KeyNest, a start-up set on eliminating the hassle caused by collecting and depositing keys.KeyNest, says LiFE Ventures, solves the pain point of time-wasting and insecure key handovers between different user groups such as host and guest, agent and tenant or contractor, busy residents, and cleaners. Keys can be dropped in any of its partner locations, and then securely picked up by providing a single-use code.KeyNest launched in June 2016 with 10 partner locations in London and already has over 100 locations across the country.“KeyNest has already proven its huge value-add to serviced apartment operators. We are investing because key management and key exchanges sometimes can be challenging for estate agents – something KeyNest can finally solve. We are confident that lost keys and expensive key exchange processes will be a thing of the past thanks to KeyNest,” said Jonathan Werth, Managing Director at LiFE Residential.LiFE Residential plans to have KeyNest exchange stores across their 13 London offices, holding keys for Airbnb and short-term rental guests, as well as housekeeping staff, offering clients a central hub for convenience, and offering property professionals a place to transact and meet potential future customers.“We already have a very experienced and strong board, which is now completed with knowledge and insights into our two main user groups: serviced apartment operators and estate agents,” said Marc Figueras, KeyNest co-founder.“Our first round of investment allowed us to further develop our product in line with customer demand. We now have the funds to roll out our service across all major cities in the UK and start helping customers abroad with their key management and key exchanges,” adds Florian Hoven, KeyNest co-founder.http://lifeventures.tech/https://www.keynest.com/LIFE Residential key management Keynest property start-up Florian Hoven August 23, 2017Sheila ManchesterWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021last_img read more

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Bulletproof desks? Really?

first_imgDear Editor:What? Bulletproof desks! (Hoboken Reporter, Jan. 21) This must be a premature April Fools joke, I thought, until I read that the City Council has actually allocated thousands of dollars to buy them. Mark Twain remarked that Americans were not safe when Congress was in session, and the same goes for Hoboken and the City Council.City Hall must be so afraid of homeowners whose property taxes they keep raising (now the highest in the Milky Way) that they must cower under a bulletproof desk when a fed-up homeowner walks up the front steps. Is there something under his overcoat?Franz Kafka (1883-1924) wrote a story called The Burrow, in which a paranoid little mole, afraid that his underground lair be breached by some unknown beast, keeps shoring up its walls and tunnels, but he knows no peace, never satisfied that his retreat is safe, worrying himself sick, until, finally… T. Weedlast_img read more

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Watch Jason Isbell Rock ‘The Late Show With Stephen Colbert’

first_imgRockin’ singer/songwriter Jason Isbell made his debut on Stephen Colbert’s The Late Show last night, pouring his heart out into a performance of new song “If It Takes A Lifetime.” Isbell taped the song just hours before appearing at The Beacon Theatre in NYC for the first of a two night run.“Lifetime” comes from Isbell’s newest album, Something More Than Free, which earned the guitarist a Grammy Award for Best Americana Album this year. Watch the exciting performance below:last_img read more

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Watch Oteil Burbridge Join Thievery Corporation For ‘Fire On The Mountain’ In Boulder

first_imgFire On The Mountain Load remaining images Boulder, CO was certainly the place to be this past weekend, as Dead & Company played two massive shows at Folsom Field on both Saturday and Sunday night. With the Deadheads in town, both The Fox Theatre and Boulder Theater played host to some incredible after-shows to keep the party going. On Saturday night, Washington D.C.’s own Thievery Corporation took to the stage for a sold-out show that brought the dub and bossa nova-inspired creations of Rob Garza and Eric Hilton to the Colorado faithful.Oteil Burbridge & Marco Benevento Cover Grateful Dead, Allman Bros With Tom Hamilton [Watch]The world beats of Thievery Corporation is something that is akin to straight intoxication. Once Garza and crew step up on stage and get the music going, it is hard to not find yourself entranced in all the happenings that occur with this full ensemble and its ever-rotating cast of musicians and singers and gets into their groove. As the group made its way through a set that was chock full of hits, from the opener “Facing East” from 2002’s Richest Man in Babylon, to “Culture of Fear” ft. Mr. Lif, or “La Femme Parallel” with the sexy vocals of LouLou Ghelichkhani, from front to back there isn’t any let down with the Corporation.“Heart is the Lonely Hunter”, of which the studio version features Talking Heads great David Byrne, is always a welcome addition to the setlist, while “Warning Shots” gets the crowd into an absolute frenzy, jumping up and down and making the room shake. Being that this was a Dead & Company after-party it would only seem fitting that Thievery would pay some tribute to the band. They certainly aren’t any strangers to the material, as the group played a set of Dead songs during last year’s 50th anniversary Fare Thee Well shows in Chicago.After a great “Drum Solo”, the group went into their super mellow version of “Darkstar > Heaven’s Gonna Burn Your Eyes” with Natalia Clavier on vocals , and then brought out surprise guest bassist Oteil Burbridge of Dead & Company for an epic “Fire On The Mountain”, as TC bassist Ashish Vyas (a self-proclaimed Deadhead himself) bowed down to the former Allman Brothers Band member. Needless to say, there was quite a bit of that “Did that actually just happen?” going on inside the venue. But, to answer the question….Yes, it most certainly did happen.Ending the set with arguably their two biggest hits, “Lebanese Blonde” and “Richest Man in Babylon”, Thievery Corporation sent the crowd floating out onto 14th Street, full satiated for this evening but ready for the Sunday portion of the weekend to commence.Watch some video highlights from the night.[Photos and “Depth of My Soul”, “Holographic Universe”, “Lebanese Blonde” videos courtesy of Lacey Terrell – LTstillpix.com – “Fire On The Mountain video courtesy of Sophia Farina]Fire On The Mountain ft. Oteil BurbridgeDepth Of My SoulHolographic UniverseDark Starcenter_img Lebanese BlondeThievery Corporation Setlist – Boulder Theater 7/2/16Facing EastTake My SoulRadio RetaliationHari KrishnaCulture Of FearLiberation FrontIlluminationDepth of My Soul33DLa Femme ParallelAmerimackaHolographic UniverseVampiresHeart is the Lonely HunterUnified TribeWarning ShotsDrum SoloDarkstar > Heaven’s Gonna Burn Your EyesFire On The Mountain*Sweet TidesLebanese Blonde Richest Man in Babylon* w/ Oteil Burbridge (Dead & Company)[All photos by Lacey Terrell, full gallery below]last_img read more

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Boston shines 2010

first_imgFor the eighth consecutive year, Harvard University is joining with Allston neighbors and local businesses to participate in the city of Boston’s citywide neighborhood cleanup event in Allston on April 23 from 8 a.m. to noon.Harvard employees and students have the opportunity to give back to one of Harvard’s host communities by volunteering with cleanup projects in the neighborhood’s parks, streets, schools, and other community locations. Activities will include raking, weeding, and cleaning up brush, painting projects such as benches, fences, and buildings, planting flowers, and other landscape projects. Last year, more than 70 Harvard employees across multiple departments participated.The event is set to kick off at 9 a.m., and check-in for volunteers will be at the Brighton Mills Shopping Plaza (400 Western Ave. in Allston), where projects will be assigned and coffee and donuts will be provided. Following the project tasks at approximately noon, lunch will be provided at Brighton Mills for all volunteers.Shuttle service will be available from Holyoke Center at 8:30 a.m. and 8:45 a.m., with return service at 12:30 p.m. and 12:45 p.m. Pickup for the shuttle bus will be on the Mount Auburn Street side of Holyoke Center across from University Health Services.To sign up to volunteer for a one-hour or three-hour time, visit zoomerang.com/Survey/WEB22AFM2BC7Y9. For more information, call 617.495.3525.last_img read more

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College archives document history

first_imgOn the fifth floor of Bertram Hall, Sister Rose Anne Schultz of the Sisters of the Holy Cross recounts the stories of Saint Mary’s College that started it all. In the Heritage Rooms, Schultz gives tours and highlights the letters, artwork and religious items that belong to the sisters of the College. One such item includes the family tree of the Holy Cross. “[The family tree] starts with Father [Jacques] Dujarie,” she said. “Father Dujarie had this group of brothers called the Brothers of Saint Joseph. Father Dujarie was getting on in years and he wanted to do some advance planning, so he said to the bishop, “Help me find someone to take over the brothers and be their director after I am too old to do it.”” Schultz said this is how Blessed Basil Moreau, who was a young priest at the time, was given the task of leading the brothers in 1835. “[Moreau] said why don’t I get the priests and the brothers together to form one group … In his mind, [he] always had the vision of both men and women. He wanted priests, brothers and sisters,” she said.  At this time in history, men and women were not allowed to share a religious community, Schultz said. Instead, the women in the community were called “pious girls.” Eventually, after much deliberation with Rome, the Marianites of the Holy Cross, women of prayer, were founded in 1841. “Moreau’s vision was always global. The big issues [were] to see what needs to be done and do it,” she said. “So with that, he had sent brothers off. However, when the priests and brothers got [to the U.S.], they were busy doing things and said [they needed] help.” Schultz said four young French women who had just made their vows were sent over to help the brothers. These women formed the basis of the Sisters of the Holy Cross in 1844, the birth year of Saint Mary’s College. The main Heritage Room also houses boards that highlight each “Mother Superior,” or leader of the congregation, and her accomplishments during her tenure. Mother Rose Elizabeth, one of the congregation’s greatest leaders, is just one woman featured on the boards, Schultz said. “At the time, different congregations were doing their formations,” she said. “Finally, they said maybe we can get together and not change who we are, but share ideas. So, this group [headed by Mother Rose Elizabeth] became the first leadership conference of women religious that still exists today.”            Along with the boards, the main heritage room features a machine used to make the tiny pleats that made up the halo-looking white habit the sisters used to wear. “This machine was invented by one of the sisters to make the habit, and it was very delicate and difficult work,” Schultz said. Along with the main room, two other rooms feature the international work the sisters have done in various countries, including India and Bangladesh, and showcase tokens of individual Sisters of the Holy Cross, including the Olympic torch Sister Maura Brannick carried through South Bend on the way to Salt Lake City. The congregation offers heritage tours for visitors Monday through Friday from 8:30 a.m. to 3:30 p.m.last_img read more

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Elaine Paige on Her Farewell Concert, Nicole Scherzinger in Cats & More

first_img View Comments Elaine Paige is often referred to as the First Lady of British Musical Theater, having originated such iconic roles as Eva Peron in Evita and Grizabella in Cats. But now—50 years after her professional debut, the Olivier winner heads to the big screen in a broadcast of I’m Still Here, her Royal Albert Hall farewell concert from October. The touring swansong is set to hit movie theaters in the U.K. on April 23 and the U.S. and Canada on May 12. Broadway.com recently caught up with Paige to discuss her goodbye to touring, Nicole Scherzinger’s “Memory” and just what exactly she’s hiding in her closet.You’re saying goodbye to touring, but not performing, right?I’m just hanging up my touring shoes. As the concert is called, I’m Still Here, and I am definitely still here. I’m just not going to be touring as much.You’re famous for originating so many roles, but are there any parts that got away? Gypsy is one that I would have loved to have played, but I don’t see myself doing it now. It would be too taxing physically and vocally. That one got away from me. I also always wanted to play My Fair Lady. But I was so fortunate to have come along at the time that I did—my journey went along with Andrew [Lloyd Webber]. I can’t complain that a couple of the traditional musicals got away from me.How do you approach your signature numbers on the concert stage as opposed to in the context of a show? Somehow, the dialogue that you had with the director still comes back to haunt you. When I sing “Don’t Cry for Me, Argentina,” I remember Hal [Prince] saying to me to make eye contact with various people in the front row. Every time I ever sing it, I always do that. It grounds me and reminds me of what the song is about, even though I’m not in costume and I haven’t got the rest of the cast around me.And yet you don’t you wear your full Norma Desmond costume at one point during the concert?It’s the original costume that I wore [in Sunset Boulevard] back in 1996! I’ve kept all my costumes. It had a few alterations made to it, but basically it is the original costume. To put that back on was so strange. It all came flooding back to me.Is that the only one you wear in the concert? No Grizabella or Eva? I don’t know if I particularly want to get into that costume in a concert environment! Without that makeup, that old coat wouldn’t quite work. The one costume I didn’t get to keep was for Evita. I would have loved to have been able to keep that ball gown.How did you feel about Nicole Scherzinger’s Grizabella? She sang it wonderfully—kind of a more pop interpretation, but she sang up a storm. I give a very different interpretation of that song because I’ve lived life a bit. She played it more as a young, glamorous cat. It didn’t quite make sense to me, lyrically speaking.Do you ever get used to seeing someone else in a role you’ve originated? Last year I saw both [Eva Peron and Grizabella] sung by somebody else; it’s a weird experience. I suppose it’s a bit like Shakespeare or anything else—so many people play the roles, you have to let go of it to some degree. It’s always an interesting exercise, but I don’t know if it’s something I’d want to do too often. Star Filescenter_img Elaine Paigelast_img read more

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Sweet Corn.

first_imgMy father used to say that if you wanted to eat sweet corn while it was still sweet, you had to get the water boiling before you went to the garden. He was right. However, that axiom doesn’t necessarily hold for modern sweet corn.As we get ready to plant the spring crops, it’s a good time to look at some alternative sweet corn varieties — ones that hold their sweetness long after you’ve plucked them from the stalk.The most popular of the garden and roadside market sweet corns has long been “Silver Queen.” Yes, “Silver Queen” is a fine sweet corn. Its sweet flavor comes on a long ear with full, tender kernels. Photo: CAES News Files Old Sweet Corn FavoritesWhen consumers go looking for sweet corn, then, Silver Queen is often the variety they ask for. Other favorites over the years have been “Trucker’s Favorite,” “Golden Cross Bantam,” “Seneca Horizon” and “Merit.”All of these old favorites are called standard sweet corn varieties. They differ from field corn by one gene called the sugary gene and are referred to with the abbreviation “su.”Although these varieties have good sugar content, the minute they’re pulled from the stalk they begin converting their sugar to starch. Therefore, the longer they’ve been picked, the less sugar and more starch the kernels have.Supersweet CornIn the 1970s, a new type of sweet corn, referred to as supersweet (sh2), was introduced.Supersweet corn varieties contain two to four times more sugar than the su types, and the gene causes the conversion from sugar to starch to occur much slower. This allows them to retain their sweet flavor much longer than su types.Often, sh2 corn has a fairly thick seed coat that makes them tougher than su types. And they tend to be more watery. They also have to be isolated from standard varieties and don’t germinate well in cool soils.Sugary Enhanced CornIn 1980, varieties called sugary enhanced (se) were introduced. These have higher sugar content than the su varieties. However, the sugar still converts to starch at the same rate.Although they stay sweeter longer than su types, they eventually lose their sweetness in the same way. These varieties have tender seed coats, aren’t watery and germinate better in cooler soils than sh2 types.More recently, even more varieties have been introduced with a combination of these traits. Some have advantages of all three types.Latest CombinationsThey’re sweeter and convert sugar to starch more slowly. Yet they have a tender seed coat and are less watery, too. And they germinate well in cooler, early-spring soils. On the surface, these newer combinations would seem to be the ticket.However, in many of the combination types, only 25 percent of the kernels will be of the sweeter type. The so-called “synergistic” types are like this. The “improved supersweet” types are actual sh2 types with su characteristics as well.So What’s Best?So, how do you decide what to plant?Well, the su and se types are not best for shipping, but for garden and roadside sales they’re fine. The improved sh2 types hold sweetness while otherwise being more like su and se types.One caution: sh2 types should be isolated from su and se types or field corn. Otherwise, they’ll cross-pollinate and cause the sh2 types to be more starchy.Isolate these varieties from others by planting them 250 feet apart or by planting so they’re 10 to 14 days apart in maturity.Otherwise, try some of these new corn types. You may be surprised that you can wait until you get back to the house to start boiling the water.center_img Time to plant sweet corn is approaching fast. Are you ready to try out one of the many sweet new varieties? last_img read more