All Year files last-minute lawsuit to block Bushwick mezz foreclosure

first_imgShare via Shortlink Mack’s lawyers reacted quickly to All Year’s emergency order to show cause, filing an extensive response on the same day.“Plaintiffs submit no evidence to substantiate the assertion that either Plaintiff [Goldman or his LLC] attempted to make any $7.5 million payment to Mezzanine Lender,” Brian Hail of Goodwin Procter LLP wrote in a letter to the court. “The evidence shows that they did not make any payment.”Filings show that during a Thursday hearing, the court told the parties that the sale would not be allowed to proceed as scheduled if All Year made a $3.5 million payment to Mack by 5:30 p.m. The borrower would also be required to pay $4 million the following week.As of 8 p.m yesterday, Mack said it had not received any payment. “I have requested payment confirmation and identifying information from Plaintiffs’ counsel, but no confirmation or information has been supplied,” Hail wrote in a second letter to the court.Representatives for All Year and Mack did not respond to requests for comment.In addition to the $65 million mezzanine loan on phase two of Denizen Bushwick, All Year is in default on a $170 million senior loan for the property provided by JPMorgan Chase.Phase one of Denizen, a 750-unit rental complex, serves as collateral for the Series E bonds that All Year has issued on the Tel Aviv Stock Exchange. Trading on All Year’s bonds was suspended in January, a month after the company missed a bond payment and delayed its quarterly financial reporting.On Monday, All Year disclosed on TASE that the tenant entity at the William Vale hotel and office complex in Williamsburg would not make its scheduled $7.5 million biannual rent payment. Both the tenant and landlord LLCs at the William Vale — which backs All Year’s Series C bonds — are partially owned by Goldman.Contact Kevin Sun Full Name* Message* Tagsall year managementbushwickforeclosureMack Real Estatecenter_img The Denizen in Bushwick with Mack Real Estate CEO Richard Mack (Illustration by Kevin Rebong for The Real Deal)A day before the scheduled UCC foreclosure sale of its trophy Bushwick rental project, Yoel Goldman’s All Year Management filed a lawsuit in an attempt to block it from going forward.In the suit filed Thursday in Kings County Supreme Court, the Brooklyn developer accuses mezzanine lender Mack Real Estate of violating a forbearance agreement the parties reached in July by refusing a $7.5 million payment that would reinstate the loan.Mack “has refused to proffer an accurate payoff, or accept payment under its reinstatement agreement, because it seeks to wrest the property from plaintiffs at a steep discount,” All Year’s complaint alleges. “In effect, it is scheming to prevent Plaintiffs from paying off the mortgage as part of a scheme to unlawfully obtain the Property.”Goldman’s firm is seeking a permanent injunction barring the UCC foreclosure sale, and/or a judgment for damages of at least $70 million.Read moreAll Year faces foreclosure on part of Bushwick apartment complexAll Year Management in default on $170 million Brooklyn mortgageAll Year misses Israeli bond payment, sending values plunging Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Email Address*last_img read more

Regional differences in the life cycle of Calanoides acutus (Copepoda:Calanoida) within the Atlantic sector of the Southern Ocean

first_imgAll suitable data from the Atlantic sector of the Southern Ocean were compiled to elucidate regional differences in the abundance and life cycle of Calanoides acutus. Data from 205 stations (1928 to 1992) were pooled into 3 regions, namely the Scotia Sea (SS), the Weddell-Scotia Confluence/ northern Weddell Sea area (WSC) and the Eastern Weddell Sea (EWS). The regions contrast sharply: the ice-free SS has summer mixed layer temperatures ~3 to 4°C higher but summer chlorophyll a concentrations generally lower than the EWS, which is ice-covered for three-quarters of the year. C. acutus was rarer in the vicinity of the WSC than in the southern part of the SS or in the EWS. In all 3 regions seasonal vertical migration characterised the populations, but their appearance in the surface waters of the SS was 1 to 2 mo earlier than in the EWS, and was of longer duration. Because C. acutus is herbivorous, this is presumably a response to the timing of summer primary production. Despite the contrasting environments, spring/summer development rates were similar in all 3 regions, with moulting from copepodid CI to CIV taking approx 1.5 mo. Population mortality in autumn/winter was 0.0070 d-1 in the SS and 0.0059 d-1 in the EWS; highly variable abundance in the WSC area precluded mortality estimation. Based on summer moulting rates, winter stage structure and mortality rates, the life cycle appears to be completed normally within 1 yr in all 3 regions, but it is suggested that the shorter summer growth season in the EWS results in a small proportion of the population taking 2 yr to reach adulthood.last_img read more

Ocean City Expected to Dodge Super Bowl Storm

first_imgThe National Weather Service snowfall forecast predicts no snow or less than an inch for Ocean City from a storm Feb. 1 and 2.A winter storm that could dump more than a foot of snow on the Poconos and northwestern New Jersey is predicted to leave no significant accumulation in Ocean City.Rain, snow and sleet is expected to start falling during the Super Bowl on Sunday evening (Feb. 1), but the precipitation should turn to all rain after 10 p.m. in Ocean City.The mix could create slippery driving conditions for anybody traveling the roads after the game.Rain is expected to continue Monday, followed by bitter cold on Tuesday with a high temperature of 22 degrees.See the National Weather Service briefing package below.Download (PDF, 793KB)last_img read more

Press release: UK to lead global challenge to clean up carbon

first_imgEnergy Minister Claire Perry has today (Wednesday 23 May) announced the UK is to lead an international challenge with Saudi Arabia and Mexico to remove carbon from emissions. It will be a unique opportunity to enable an up and coming technology to scale up by working together with other countries.It is one of 7 Mission Innovation challenges announced in 2015 at COP21 with the UK setting out £21.5 million of funding for innovative new Carbon Capture, Utilisation and Storage (CCUS) technologies.The aim of the funding is to invest in innovation that could reduce the cost of the technology by supporting its development so that CCUS can become commercially viable at scale.CCUS is where carbon from power stations or industry is captured then either used for industrial applications or transported to be stored safely underground, reducing pollution from the air we breathe.While there are currently 22 plants in operation or construction, the UK has the opportunity to become a world leader in this field.There is a global consensus that carbon capture will be critical in meeting the aims of the Paris Agreement and supporting clean growth. This technology can capture carbon dioxide emissions from industry or power generation as well as support low carbon hydrogen production.Energy and Clean Growth Minister, Claire Perry said: UK companies are already involved in some of the most innovative CCUS projects internationally, and just this week a ground-breaking negative emissions bio-energy project at Drax Power Station in Yorkshire was launched.The Clean Growth Strategy sets out the new Government approach to CCUS in the UK, highlighting the important role of innovation in supporting cost reduction. Government has committed to spend up to £162 million to improve CCUS and industrial energy efficiency.As well as the potential to help us reduce our emissions in industries through the manufacture of concrete, chemicals, steel, there are also opportunities to maximise economic opportunities for the UK through new technologies and the supply chain.Government is working with industry to adopt CCUS in the UK by reducing its costs and capturing the export opportunities, and a CCUS Cost Challenge Taskforce will report to government in July this year. Energy Minister Claire Perry will host an international CCUS summit with the International Energy Agency, in Edinburgh later this year.The UK’s modern Industrial Strategy is a long-term plan to build a Britain fit for the future through a stronger, fairer economy. Through this we will help businesses to create better, higher-paying jobs – setting a path for Britain to lead in the high-tech, highly-skilled industries of the future.As part of this, the modern Industrial Strategy sets out 4 Grand Challenges, including Clean Growth – Ensuring the UK is at the forefront of innovation and maximising the advantages for UK industry in the global shift to clean growth.Notes to editors UK to lead global challenge to reduce the cost of innovative new carbon capture technology UK strategy to reduce costs and capture global export opportunities £21.5 million of UK funding for ground-breaking projects to capture CO2 emissions The Carbon Capture Challenge is one of 7 Mission Innovation challenges announced in 2015 at COP21. The Carbon Capture Challenge is focused on addressing the innovation challenges CCUS presents, for example enhancing innovation for carbon capture technologies to reduce the cost of the technology and support the technology’s development. A call for CCUS innovation will offer £15 million of grant funding for projects up to 28 months and will be available to 31 March 2021. BEIS will consider grants of up to £5 million for a single project. Both projects that are UK-led or that involve collaboration with an international partner will be considered.center_img My ambition is for the UK to become a global technology leader in carbon capture, working with international partners to reduce its costs. As the UK has led the debate globally on tackling climate change and pioneering clean growth, we are leading this global challenge with an initial £21.5 million investment in CCUS innovation – a key part of our modern Industrial Strategy. BEIS and UKRI has committed £6.5 million to the 2nd call of the Accelerating Carbon Technologies (ACT) Research Programme. This research and development programme is made up of 10 European countries (5 of which are involved in the CCUS Mission Innovation Challenge – Norway, The Netherlands, Germany, France and UK). The overall grant available from all the countries involved amounts to approximately €25 million. Further information is available on how to apply for funding and about the programmes.last_img read more

Press release: Man found fishing without a licence in Newark nets £600 penalty

first_imgEvery year across the country, thousands of anglers are prosecuted for not having a fishing licence. As well as cheating other anglers, fishing illegally can carry a hefty penalty. Getting caught without a licence could land a fine of up to £2,500.All income from rod licence sales is used to fund Environment Agency work to protect and improve fish stocks and fisheries, including improving habitats for fish and facilities for anglers, tackling illegal fishing and working with partners to encourage people to give fishing a go.Any angler aged 13 or over, fishing on a river, canal or still water needs a licence. A 1-day licence costs from just £6 and an annual licence costs from just £30 (concessions available). They are free for those aged 13 to 16. Licences are available online or by calling the Environment Agency on 0344 800 5386 between 8am and 6pm, Monday to Friday.The Environment Agency carries out enforcement work all year round and is supported by partners including the police and the Angling Trust. Fisheries enforcement work is intelligence-led, targeting known hot-spots and where illegal fishing is reported. Anyone with information about illegal fishing activities can contact the Environment Agency Incident Hotline 24/7 on 0800 80 70 60 or Crimestoppers anonymously on 0800 555 111. The case shows how seriously the courts take these offences and acts as a reminder to anglers of the importance of having a rod licence. We hope it will provide a deterrent to any angler who is thinking of fishing without a licence. We would also like to remind anglers who wish to buy their licence online of the importance of buying it directly from GOV.UK as they will receive a reference number allowing them to go fishing on the same day. Customers who use third-party sites may be charged more and might not get added to the official database as quickly. All of the money raised from rod licence sales is used to protect and improve fish stocks and fisheries, benefitting anglers and, for those caught cheating the system, we will prosecute.center_img A 31-year-old man has been successfully prosecuted by the Environment Agency after being found guilty of fishing without a licence in October 2018.The case was brought to Northampton Magistrates Court on 1 April 2019 where Carl Beresford from Steven Crescent, Chapletown, Sheffield, pleaded guilty and was ordered to pay a total penalty of £611.47. An annual fishing licence would have cost just £30.The penalty includes a fine of £440 plus costs of £127.47 and a victim surcharge of £44 after Beresford was found in breach of the Salmon and Freshwater Fisheries Act (1975) on 2 October 2018 at A1 Fishery, South Muskham, Newark.Following the verdict, Pete Haslock, Enforcement Team Leader for the Environment Agency in the East Midlands, said:last_img read more

Starbucks launches latest bakery hybrid

first_imgWe’ve had the Cronut and now Starbucks is to launch a new bakery hybrid called the Duffin.Launching as part of a new food range hitting stores in the UK from today (3 October), the Duffin is a cross between a doughnut and muffin, and has been developed in partnership with Rich Products.It is baked in the shape of a muffin, and is made with free-range egg and buttermilk to give it a light texture, according to Rich Products.The Duffin was developed at one of Rich’s internal brainstorm meetings to find innovative ideas for Starbucks’ food range in the UK.As part of the coffee chain’s food relaunch, the bakery manufacturer has also developed a new Chocolate Swirl, to accompany the iconic Cinnamon Swirl, and a new and improved version of muffins containing buttermilk.Julie Prebble, category manager, Starbucks UK, said: “This fusion trend elevates traditional American products, so when we combined our American heritage with our hero muffin range and ever popular doughnuts, the Duffin seemed the perfect creation.”Melissa Deusion, NPD manager at Rich Products, added: “Muffins are an iconic product category for Starbucks and, as a pioneer of innovation, it seemed only right that we should champion this trend and take the muffin category to the next level.”Since the beginning of the Cronut craze, a number of bakeries across the UK have been coming up with their own hybrid products, including Zeelandia’s Zeenut, Rinkoff’s Crodough and Greggs’ Greggsnut.last_img read more

Sokratis was moaning about playing right-back in Arsenal win over Portsmouth, admits Mikel Arteta

first_img Metro Sport ReporterTuesday 3 Mar 2020 7:39 amShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link3.6kShares Sokratis Papastathopoulos scored in Arsenal’s win over Portsmouth on Monday (Picture: Getty Images)Sokratis Papastathopoulos helped book Arsenal’s place in the FA Cup quarter-finals on Monday night, but he was also whinging about having to play right-back in the 2-0 win over Portsmouth.The Greek defender was filling in on the right of defence with Hector Bellerin rested for the cup tie and the likes of Cedric Soares and Calum Chambers out injured.The 31-year-old made the most of it, scoring an impressive opener, his third goal of the season, before Eddie Nketiah doubled the Gunners’ lead.It was a good performance from Sokratis as Arsenal bounced back to winning ways after their disappointing Europa League exit to Olympiakos, but Mikel Arteta admits he was playing on the right against his will.AdvertisementAdvertisementADVERTISEMENT‘He moans a little bit because it is not his position,’ Arteta said in the post-match press conference.‘But for certain games, he is very helpful and he always has the right attitude and he has the qualities to play there in essential moments when we need him.’ More accustomed to playing in the middle of defence, Sokratis was slightly uncomfortable with some aspects of playing at full-back, which led to his manager shouting a lot of instructions at him from the sidelines.The Spaniard was more than happy to do this, and felt the defender took to the task well, with a little help.‘Yes, sometimes you need to interpret that when we have the ball it is a little bit different for him to use the spaces like he should do in relation to what the opponents are doing, but in general I think he is doing really well,’ said Arteta.Arsenal now await the FA Cup quarter-final draw which will be made on Wednesday evening, before they host West Ham in the Premier League on Saturday.MORE: Lee Dixon claims Arsenal’s ‘Invincibles’ are NOT the best team in Premier League historyMORE: Lucas Torreira provides injury update after being stretchered off against PortsmouthAFollow Metro Sport across our social channels, on Facebook, Twitter and Instagram.For more stories like this, check our sport page. Sokratis was moaning about playing right-back in Arsenal win over Portsmouth, admits Mikel Arteta A striker’s finish!Sokratis’ crisp volley has Arsenal ahead at Fratton Park 🍌 pic.twitter.com/AjgkigRV9I— Football on BT Sport (@btsportfootball) March 2, 2020center_img Advertisement Comment Advertisementlast_img read more

Grenada confirms outbreak of dengue, gastro

first_imgST GEORGE’S, Grenada (CMC) — Grenada is reporting an outbreak of dengue and gastroenteritis and health authorities are urging nationals to take all precautions to deal with the situation.“Dengue and Gastro is endemic here, so we expect a certain number of cases each year but right now we are observing a significant increase for these two conditions when compared to previous years,” said Dr Shawn Charles, who heads the Epidemiology and Information Unit in the Ministry of Health.According to figures released by the Ministry Health, the island is recording an increase in dengue fever as compared to the years 2016 and 2017.The figures show that in 2016 there were 15 cases, increasing to 45 cases last year and during the first five months of this year, the figure is 107 cases.The authorities said that the cases were confirmed by tests carried out here and the Trinidad-based Caribbean Public Health Agency (CARPHA).The figures show that women were the most affected by the outbreak with 56.1 per cent of the cases being females.Dengue fever is a mosquito-borne tropical disease caused by the dengue virus. Symptoms typically begin three to 14 days after infection. This may include a high fever, headache, vomiting, muscle and joint pains, and a characteristic skin rash.The island is also reporting increased cases of gastroenteritis in all parishes.“The number of reported gastroenteritis cases continued to rise in epidemiology week 21. The district of St Andrew, which is experiencing an outbreak, saw a further rise in cases,” said the Weekly Communicable Disease Surveillance Report from the Epidemiology and Information Unit.According to the data more men were affected by gastroenteritis with 57.3 per cent of the 143 cases recorded. In 2016 and 2017 there were 46 and 47 cases respectively during the same period.Gastroenteritis, also known as ‘gastro’, is a common illness that can cause vomiting and diarrhoea. Many types of gastro are easily spread. Gastro is not usually serious but it can make a person very dehydrated.Dr Charles said that the message now is for all people to engage in better health practises to reduce and eliminate these medical conditions.“The message of keeping the environment clean cannot the underestimated because keeping the environment clean will help to reduce the increasing number of cases,” he said. HealthLifestyleNewsRegional Grenada confirms outbreak of dengue, gastro by: – June 4, 2018 Share Tweet Sharecenter_img 39 Views   no discussions Share Sharing is caring!last_img read more

Thelma Maxine Goodwin

first_imgThelma M. Goodwin, 87 of Dillsboro passed away Friday April 6, 2018 at the Waters of Dillsboro.  Thelma was born December 16, 1930 in Linn County, Kansas the daughter of Clell and Jessie (Stump) Ross.  She married Martin A. Goodwin February 18, 1949 and he preceded her in death November 25, 1995.  Thelma was of the Baptist Faith and enjoyed reading and gardening.Thelma is survived by daughter Debra (Monte) Utter of Dillsboro and son Dave (Becky) Goodwin of Farmers Retreat, 9 Grandchildren and several Great Grandchildren.Services will be held at the convenience of the family.  Memorials may be made to the Dillsboro Methodist Church and mailed to the funeral home.  Filter-DeVries-Moore Funeral Home, Dillsboro entrusted with arrangements; PO Box 146, 47018.  Go to filterdevriesmoorefuneralhome to leave an online condolence message for the family.last_img read more

Redknapp laughs off Eagles job offer

first_imgRelatedPosts Nigeria dying under Buhari’s jackboot, by Tunde Odesola Rohr lists Musa, Ekong, 23 others for Cote d’Ivoire, Tunisia friendlies EPL: Son fires four past Southampton Harry Redknapp has laughed off speculation he could have taken over as Nigeria’s boss.The former Tottenham and Portsmouth manager was rumoured to have been the lined up by Nigeria’s Federal Ministry of Sport to replace Gernot Rohr as the Super Eagles coach. However, on Tuesday, the Nigerian Football Federation confirmed that Rohr had reached an agreement to continue in his role in charge of the three-time African champions.Redknapp joked: “Yeah, well I spoke to Sandra and she’s always wanted to live in Nigeria.“She said it’s amazing that this has come up now, because that was her dream.“So we’re looking to sell up, we’re putting the house on the market.“We’re looking to get somewhere over there if possible. “I’m sure, she’d love it there.“I’ve told her, she’d absolutely love it. I’m ready to go!”The 73-year-old, who has not managed since a brief stint at Birmingham in 2017, added: “I actually went there a few years ago with Portsmouth, we played Manchester United, but I don’t think I’ll really be going back.”Rohr’s deal was due to expire in June, but that has now been extended.Tags: Gernot RohrHarry RedknappNigeriaSuper EaglesTottenham Hotspurlast_img read more