France Real Estate – CC87 Ported OC http://cc87portedoc.com/ Wed, 21 Sep 2022 07:38:18 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://cc87portedoc.com/wp-content/uploads/2021/05/default.png France Real Estate – CC87 Ported OC http://cc87portedoc.com/ 32 32 The former Italian Prime Minister refuses to let go https://cc87portedoc.com/the-former-italian-prime-minister-refuses-to-let-go/ Wed, 21 Sep 2022 06:08:12 +0000 https://cc87portedoc.com/the-former-italian-prime-minister-refuses-to-let-go/ Published on: 09/21/2022 – 08:08Amended: 09/21/2022 – 08:06 Roma (AFP) – Silvio Berlusconi turns 86 next week, but the scandal-ridden former Italian prime minister and billionaire media mogul has refused to retire and is leading his Forza Italia party in Sunday’s general election. His right-wing party won only 8% of the polls, but seemed ready […]]]>

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Roma (AFP) – Silvio Berlusconi turns 86 next week, but the scandal-ridden former Italian prime minister and billionaire media mogul has refused to retire and is leading his Forza Italia party in Sunday’s general election.

His right-wing party won only 8% of the polls, but seemed ready to enter government as part of a coalition led by far-right leader Giorgia Meloni.

“Il Cavaliere” (The Knight) is himself a candidate for the Senate, almost a decade after being expelled following a conviction for tax evasion.

Berlusconi was rarely seen in public during the campaign, but his name and smiling face – heavily photographed – feature on every poster.

He has also launched his own TikTok channel, appearing in a smart suit to tell jokes or salute the success of his Monza football club.

There is speculation that Berlusconi is seeking a job as head of the Senate after Sunday’s vote, a final step for power after his failed bid to become Italy’s president in January.

Few thought he had a chance of being elected to this largely ceremonial post by Parliament, but his candidacy was typical of a man who had once compared himself to Napoleon and Jesus Christ.

In a recent TikTok video, Berlusconi gave a verdict on Italy’s other political leaders before adding of himself: “I’ve always been number one.”

Legal woes

Berlusconi dominated public life in Italy for decades, first as a businessman, building a huge empire including media, real estate and AC Milan football club, before entering in politics.

After his first electoral victory in 1994, he was prime minister for only nine months. But he won again in 2001 after an American-style campaign in which he promised jobs and economic growth, signing a “contract with the Italians” live on television.

He served until 2006 and returned as prime minister between 2008 and 2011, making him the longest-serving prime minister in Italy’s post-war history.

For a decade, Italy’s richest person, Berlusconi, touted his glamorous lifestyle and bravado and promised a low-tax, deregulated economy in which Italians could emulate his success.

To his critics, he was a fraudulent playboy who used his vast media empire to advance his political career, then exploited his power to protect his business interests.

His friendships on the world stage – hanging out with Libyan dictator Muammar Gaddafi and skiing with Russian President Vladimir Putin – have also sparked controversy.

In April, six weeks after Russia invaded Ukraine, Berlusconi broke his silence on the war to say he was “deeply disappointed” with Putin’s behavior.

Ahead of the election, he sought to present his party as a more moderate force than his far-right allies Meloni and Matteo Salvini, underscoring his pro-European and pro-Atlanticist stance.

Prosecutors hounded him throughout his tenure, although he was never in jail.

In 2013, Berlusconi faced his first final conviction for tax evasion, which saw him perform community service.

But he continues to deal with the fallout from his parties at his villa near Milan, which had a private nightclub.

He was sentenced to seven years in 2013 for paying to have sex with then 17-year-old Karima El-Mahroug, later overturned after the judge said there was reasonable doubt he knew that she was a minor.

Last year a court in Tuscany acquitted him of bribing a witness to lie about the parties, but related proceedings continue elsewhere.

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Gallagher Re Taps Bowen of Aon as Scientific Director; Aon Names Jursa CEO of Commercial Risk, Czech Republic; Gridel joins Howden M&A to lead business development in Europe https://cc87portedoc.com/gallagher-re-taps-bowen-of-aon-as-scientific-director-aon-names-jursa-ceo-of-commercial-risk-czech-republic-gridel-joins-howden-ma-to-lead-business-development-in-europe/ Mon, 19 Sep 2022 15:07:31 +0000 https://cc87portedoc.com/gallagher-re-taps-bowen-of-aon-as-scientific-director-aon-names-jursa-ceo-of-commercial-risk-czech-republic-gridel-joins-howden-ma-to-lead-business-development-in-europe/ This edition of International People Moves details appointments at Gallagher Re, Aon and Howden M&A. A summary of these new recruits follows here. Gallagher Re appoints Bowen d’Aon as Chief Scientific Officer Gallagher Rethe global reinsurance broker, announced that it has appointed Steve Bowen to the newly created post of scientific director within Global Analytics […]]]>

This edition of International People Moves details appointments at Gallagher Re, Aon and Howden M&A.

A summary of these new recruits follows here.

Gallagher Re appoints Bowen d’Aon as Chief Scientific Officer

Gallagher Rethe global reinsurance broker, announced that it has appointed Steve Bowen to the newly created post of scientific director within Global Analytics & Advisory.

Based in Chicago and with a global role, Bowen will also work closely with Gallagher’s new research center – launched last week – Global Catastrophe Analytics, and the Climate and ESG teams and will join the company on October 3, 2022.

With a scientific background in meteorology and business analysis, Bowen began his career in television before transferring his skills to the insurance industry in 2007. He joins after 15 years at Aon, where he most recently served as Managing Director and Head of Catastrophe Insight. , for the broker’s Impact Forecasting team. A frequent contributor to government agencies, universities and industry groups, Bowen is highly respected and well known in the field of risk and insurance as an expert in his field and has co-authored several peer-reviewed journals. reading.

“Steve’s addition to our team of hands-on, solution-focused, data-driven specialists ensures Gallagher Re clients and the general public get objective, fact-based assessments of evolving risks arising from climate change. “, commented brian EnglishPresident of Global Analytics & Advisory, Gallagher Re.

Steve Bowen

“As the global risk horizon looks increasingly turbulent, Gallagher Re is fully provisioned to help our clients successfully navigate the future. We are delighted to welcome Steve on board.

“We live in a solution-oriented world. The growing and widespread impacts of climate change and natural hazards are becoming more evident by the day, and it is essential to innovate and communicate clearly on the evolution of risks. I am delighted to join the Gallagher Re family where there is a strong commitment to working collectively to help customers better understand their view of risk,” said Bowen.

“We will strive to help move the conversation on climate change forward by collaborating with various private and public sector entities to develop and provide actionable thought leadership. It’s an exciting time to be a scientist in the insurance industry,” he added.

The Global Analytics & Advisory Center of Excellence works with Gallagher Re thought leaders to develop and strengthen intellectual property to meet future customer needs, ensure they benefit from the best of the collective capabilities of the broker and share best practices among its regional businesses.

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Aon appoints Jursa CEO of Commercial Risk Solutions, Czech Republic

Aon plca global leader in professional services, announced that it has appointed Michael Jursa CEO of Commercial Risk Solutions in the Czech Republic

Jursa has more than 20 years of experience in commercial and management positions in the field of corporate banking and financial services, where he held various positions in companies such as ING Bank NV, Komerční banka as and Wood & Co. Financial Services as Over the past 13 years, he has held various management positions at UniCredit. Most recently, Jursa was Executive Director and Managing Director of UniCredit Fleet Management, sro, Czech Republic and Slovakia.

“We are delighted to welcome Michal to Aon,” said vlad bobko, CEO of Central and Eastern Europe and the Middle East for Aon’s Commercial Risk Solutions. “With over 13 years of leadership experience, he brings a strong focus on colleagues and clients and a successful business development background. Michal’s strategic expertise will be a great addition to our team as we continue to help our clients make better decisions in an increasingly complex and interconnected world.

Jursa holds an MBA in General Management from City University of Seattle.

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Gridel joins Howden M&A to lead European business development

Mergers and Acquisitions Howdenthe international insurance broker M&A and structured solutions, announced the appointment of Charles-Henri Gridel as Associate Director, Business Development Europe. Gridel brings with him more than 20 years of experience in the professional services industry, his appointment reflecting Howden M&A’s commitment to expanding its European platform.

Charles-Henri Gridel

Gridel will lead the business development function across continental Europe, building Howden M&A’s brand profile with investment funds, lawyers, M&A bankers, corporates and the financial services industry. He will also be responsible for the development of the client portfolio for M&A insurance solutions, including guarantee and indemnification, title and real estate risks, tax risks and structuring, environmental matters and contingent risks.

Gridel will join Howden M&A in September this year.

Gridel began his career in marketing at BNP Paribas before joining international law firm Gide as part of the Business Development team, holding positions in Paris and Shanghai during his tenure. Most recently, Gridel was Head of Business Development for Europe, Middle East and Africa (EMEA) at Herbert Smith Freehills and a member of the company’s EMEA Executive Committee.

A graduate of EM Lyon School of Management, Gridel holds a Master’s degree in Law from Panthéon Assas University.

The integration of Gridel marks a significant new senior hire for Howden in France, following the appointment of Nicholas Aubert as CEO of France earlier this year.

“The appointment of Charles-Henri reinforces our commitment to the French M&A market and our continued ambition to strengthen Howden’s position in Europe. We are delighted to have Charles-Henri by our side and welcome the local and on-the-ground support he will provide as part of our development strategy for the region,” commented Lucie Bocel, Co-Head, Howden M&A, France.

Drew Wardrope, Managing Director of Howden M&A, said: “Charles-Henri’s appointment reflects Howden M&A’s broader strategy of investing in talent and expertise. His proven track record and business development experience in the professional services industry will make him an invaluable addition to our growing M&A insurance team in Paris.

Howden M&A is part of HowdenCAP, the new capital, advisory and investment business that provides solutions for the convergence of the insurance and capital markets space to corporate clients, investors and all non- -(re)insurers in the financial services sector. They are all part of Howden Broking.

Topics
Corporate Mergers & Acquisitions Corporate Insurance Europe AJ Gallagher Aon

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Lewinsky says Starr’s death is painful ‘for those who love him’ https://cc87portedoc.com/lewinsky-says-starrs-death-is-painful-for-those-who-love-him/ Wed, 14 Sep 2022 00:28:50 +0000 https://cc87portedoc.com/lewinsky-says-starrs-death-is-painful-for-those-who-love-him/ NEW YORK — Monica Lewinsky had a tempered and sympathetic response to the death of Ken Starr, the former independent attorney whose investigation of Bill Clinton helped expose his affair with the president and, she once wrote, makes his life a “living hell”. “As I’m sure many can relate to, my thoughts on Ken Starr […]]]>

NEW YORK — Monica Lewinsky had a tempered and sympathetic response to the death of Ken Starr, the former independent attorney whose investigation of Bill Clinton helped expose his affair with the president and, she once wrote, makes his life a “living hell”.

“As I’m sure many can relate to, my thoughts on Ken Starr stir up some complicated feelings,” she tweeted on Tuesday after learning that Starr had died at 76. who love him. »

Lewinsky was a White House intern in the mid-1990s, early 20s, when she began a relationship with Clinton, a relationship that Starr would document extensively and explicitly. Starr had originally been retained to investigate a real estate transaction in Arkansas that Bill and Hillary Clinton were involved in, but his investigation changed after learning of allegations about the president’s private behavior. Lewinsky denied their affair in an affidavit, but was unaware that his former colleague, Linda Tripp, recorded their phone conversations about Bill Clinton and would turn them over to Starr.

A d

Lewinsky would remember with horror being interrogated for hours in 1998 by Starr’s prosecutors – but not Starr himself – and threatened with jail time if she did not cooperate with their investigation, a request she initially refused. Months later, she agreed to testify in the case and handed prosecutors a sperm-stained robe from the president, in exchange for immunity.

Lewinsky later wrote that she had been diagnosed with “post-traumatic stress disorder, mainly due to the ordeal of being publicly denounced and ostracized”, and that she had been subjected to jokes for years. coarse. But from a Vanity Fair essay in 2014 and a TED talk she gave in 2015 on “The Price of Shame,” she became a well-respected anti-bullying activist. David Letterman and John Oliver are among those who have apologized for once making fun of her.

Writing in Vanity Fair in 2018, Lewinsky recalled finally meeting Starr in person, at a restaurant in Greenwich Village the previous Christmas Eve. Starr came forward with a “warm, incongruous smile” and introduced himself to Lewinsky, who was having dinner with his family.

A d

“Ken Starr asked me several times if I was ‘fine.’ A stranger could have guessed from his tone that he had in fact worried about me over the years. between avuncular and scary. He kept touching my arm and elbow which made me feel uncomfortable,” she wrote.

“I turned around and introduced him to my family. As bizarre as it may seem, I felt determined, on the spot, to remind him that, 20 years prior, he and his team of prosecutors never had not only harassed and terrorized me, but also my family – threatening to sue my mother (if she did not disclose the private confidences I had shared with her), implying that they would investigate my father’s medical practice , and even deposing my aunt, with whom I was having dinner that evening.”

Starr would write about Lewinsky in his 2018 memoir “Contempt”, describing how “Monica screamed, she cried, she pouted and complained bitterly about her scheming and unhelpful so-called friend (Tripp)” . But their threats and Lewinsky’s mother’s insistence on accepting prosecutors’ terms didn’t change his mind.

A d

“Monica canceled her mother. She would fall on her sword rather than involve the President of the United States,” Starr wrote. “It was becoming increasingly clear: thinking she was a naïve, starstruck young woman in love who would cooperate quickly, we underestimated her. In her determination to protect the president, Monica kept a team of agents experienced FBI and career prosecutors who twiddle their thumbs for much of the day.

Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

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Israel Premier Tech’s Sylvan Adams pressures UCI to reverse WorldTour rules: ‘Relegation is death’ https://cc87portedoc.com/israel-premier-techs-sylvan-adams-pressures-uci-to-reverse-worldtour-rules-relegation-is-death/ Mon, 12 Sep 2022 14:10:04 +0000 https://cc87portedoc.com/israel-premier-techs-sylvan-adams-pressures-uci-to-reverse-worldtour-rules-relegation-is-death/ “], “filter”: { “nextExceptions”: “img, blockquote, div”, “nextContainsExceptions”: “img, blockquote”} }”> Don’t miss a moment of Paris-Roubaix and Unbound Gravel, Giro d’Italia, Tour de France, Vuelta a España, and everything in between when you >”,”name”:”in-content-cta”, “type “:”link”}}”>join Outside+. MONTREAL (VN) — Israel Premier Tech owner Sylvan Adams says there is a “very simple and elegant” […]]]>

“], “filter”: { “nextExceptions”: “img, blockquote, div”, “nextContainsExceptions”: “img, blockquote”} }”>

Don’t miss a moment of Paris-Roubaix and Unbound Gravel, Giro d’Italia, Tour de France, Vuelta a España, and everything in between when you >”,”name”:”in-content-cta”, “type “:”link”}}”>join Outside+.

MONTREAL (VN) — Israel Premier Tech owner Sylvan Adams says there is a “very simple and elegant” way for the UCI to end the WorldTour relegation war that is tearing the peloton down to the seams.

Adams put it this way: The UCI should bring up “force majeure” in light of a global pandemic that has raged for three years, and simply expand the WorldTour league from 18 to 20.

That way, Adams insists, everyone wins.

No existing WorldTour team would face possible closure, Arkéa-Samsic and Alpecin-Deceuninck are both going up, and powerful Tour de France owners ASO will retain at least two of its “wildcard” invitations to hand out each July.

Easy, right? Adams thinks so.

“Who is hurt by this idea of ​​going to 20 teams? Nobody,” Adams said. “Regation is death. It doesn’t matter which of the two teams ends up being relegated. It is an existential problem.

“Why do we destroy rather than build? It’s as simple as that,” Adams said. BikeNews and Cycling news in an interview. “I hope common sense will prevail.”

Adams on relegation threat: ‘I don’t see what there is to gain’

Half a dozen teams in the bottom half of the WorldTour standings are desperate for points in the final weeks of the 2022 racing season.

Strange things are happening. Teams aren’t allowing riders to compete in world championships, and administrators are sending sick riders to races in order to chase points in a desperate attempt to try and secure the future of long-running franchises.

Adams’ Israel Premier Tech team – which joined the WorldTour in 2020 – appear to be on the losing side of a bottom-of-the-table tussle against teams such as Lotto Soudal, Movistar, EF Education-EasyPost, Cofidis, and BikeExchange-Jayco.

Two of the lowest-ranked teams will not qualify for the next round of three-year WorldTour licensing based on accumulated points calculated using the results of the top riders from 2020-22.

Read also :

Despite growing resistance, the UCI insists on moving forward with relegation plans and points out that all major stakeholders signed an agreement three years ago to introduce the football-style relegation/promotion system based on the results.

Adams counters that it’s not too late to reverse what he says was a bad idea.

“Threatening our team and other teams with this relegation is so damaging, and I don’t see the point of it,” Adams said. “I don’t see what there is to gain. We have 20, maybe 21 teams that have the budget to be WorldTour. Other sports encourage expansion. It’s destructive.”

Adams points out that if his team or other teams lose WorldTour licenses, sponsors, top riders and other backers will likely flee because many contracts include clauses tied to WorldTour status.

Without the WorldTour license, a team will stick around, and some might even close.

“I’m still hopeful that we’ll still end up on the bright side of relegation, even if it looks like it’s getting worse and worse,” Adams said in Montreal. “Even if we did, I don’t want to see those other teams disappear.

“I don’t want to see the end of Movistar, EF or Bike Exchange. Why?”

Adams: ‘If I lose, I’m going to take them to court’

Sylvan Adams, owner of the Israel-Premier Tech team, pointed to Gino Bartali’s name during a visit to the Holocaust Museum in Israel last year. (Photo: Andrew Hood/VeloNews)

Adams says there is an easy answer.

Adams is campaigning for the UCI to drop the divisive relegation plans, while offering WorldTour licenses to Alpecin-Deceuninck and Arkéa-Samsic, two teams that will likely find themselves in the top league by picking up points in the last three seasons.

Adams says there’s an easy way out by invoking “force majeure,” a legal concept that allows both parties to break an agreement due to an extraordinary event, such as war, drought or hurricane.

“A global pandemic is the definition of ‘force majeure,'” Adams said. “And there was a pandemic for the full three years of the relegation process. If it was just the first season, okay, maybe, but we’ve been affected more by it this year than in 2020.”

By expanding the WorldTour rather than shrinking it, Adams said the UCI could solve many problems at once.

The 18 existing WorldTour teams would keep their licenses, and Alpecin-Deceuninck and Arkéa-Samsic would be integrated at the higher level.

Adams – a billionaire property developer and two-time Masters world champion – said he was frustrated with cycling’s insistence on pushing ahead with its controversial relegation plans despite the backdrop of a global pandemic.

And he vowed that if the UCI did not find a compromise, he would consider legal action.

“And if I lose, I’m going to sue them,” Adams said. “If I lose my sponsors and it costs me millions, someone has to heal me. If I show that they don’t apply the rules consistently, I think I have a very good record.

Adams’ Israel Premier Tech team has been particularly hard hit by COVID this season. He started the 2022 season safely in the middle of the pack, but a series of infections and illnesses knocked the wheels out from under the team this spring.

The team was unable to field a team for the Tour of Flanders in April and only one rider completed Paris-Nice in March as COVID-19 ravaged the team. Illnesses and infections continue to plague his team, with riders like Chris Froome and Michael Woods having also recently been infected.

“I claim ‘force majeure,'” he said. “I know why we’re struggling for points this year is because of the pandemic. We’ve been through some weird times.

Adams said he was not afraid to make his point, even if it might irritate the powerful Tour de France owners and race organizer ASO. Adams even joked that he would start his own Tour de France if he was somehow blackballed for taking a tough stance to defend the teams.

Adams confirmed he had contacted the UCI through secondary channels to try to create a dialogue with top officials, and said he hoped the sport’s key stakeholders could find a solution.

“I hate litigation. No one wins in litigation, only lawyers win. If they put me in this position of causing terrible damage, I will explore all my options,” Adams said.

“I’m an optimist,” he said. “There is no problem worse than relegation. Relegation is destruction.

Adams is urging UCI President David Lappartient to reconsider relegation plans as well as the equally controversial points system that underpins team rankings.

“There is a simple solution, and it doesn’t hurt anyone. It’s a fancy way out of this mess,” Adams said. “It’s a very elegant solution; expand to 20 teams, and no one loses.

Adams’ suggestion would require a dramatic UCI reversal.

On Friday, cycling’s governing body issued a terse press release insisting that relegation rules would be imposed.

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Webinar: The Great Squeeze — Disappearing operating margins in retirement homes https://cc87portedoc.com/webinar-the-great-squeeze-disappearing-operating-margins-in-retirement-homes/ Sat, 10 Sep 2022 21:29:05 +0000 https://cc87portedoc.com/webinar-the-great-squeeze-disappearing-operating-margins-in-retirement-homes/ Shrinking operating margins are impacting the bottom line for senior housing owners and operators, a trend exacerbated by rising staff hourly wages and rising insurance premiums across the board. What does this mean for operators’ net operating income (NOI)? Are the days of high double-digit operating margin rates over? And what are the implications for […]]]>

Shrinking operating margins are impacting the bottom line for senior housing owners and operators, a trend exacerbated by rising staff hourly wages and rising insurance premiums across the board.

What does this mean for operators’ net operating income (NOI)? Are the days of high double-digit operating margin rates over? And what are the implications for the industry as a whole – are funding partners heeding this “new normal” or do they have expectations that have yet to be reset?

On September 22, go to Housing company for the elderly‘ valuation-themed webinar, the second in a series of three 2022 webinars examining the investment outlook for the sector. The show, “The Great Compression — The Disappearance of Operating Margins for Retirement Homesis scheduled for Thursday, September 22, from 2:00 p.m. to 3:00 p.m. EDT.

Topics to discuss:

  • Long-term economic forecast and environment for seniors’ housing — what does the committee predict for the future?
  • What effect, if any, will shrinking operating margins have on valuations of retirement homes?
  • Is it better to buy, sell or hold in this environment?

Register

Confirmed panelists include Jeff Fischer of MBK Senior Living; Kelly Sheehy of Artemis Real Estate Partners; Rich Lerner of NewPoint Real Estate Capital; Ryan Chase of Blueprint Healthcare Real Estate Advisors; and moderator JP LoMonaco of Valuation & Information Group.

This free webinar is sponsored by Valuation & Information Group, a recognized leader in financial valuation and consulting, serving clients nationwide. For more information, visit valinfo.com.

This event is organized by Seniors Housing Business magazine and produced by the company’s InterFace Conference Group. For more information, contact Eric Goldberg at 404-832-8262 ext. 137.

For a complete list of InterFace Conference Group webinars, Click here.

France Media Inc. is the publisher of Student Housing Business, Seniors Housing Business, Southeast Real Estate Business, Texas Real Estate Business, Northeast Real Estate Business, Western Real Estate Business, Heartland Real Estate Business, Southeast Multifamily & Affordable Housing Business, Texas Multifamily & Affordable Housing Company, Multifamily & Affordable Housing Company of the West, Multifamily & Affordable Housing Company of the Midwest, and Multifamily & Affordable Housing Company of the Northeast, Mall Company, California Centers and retail and catering.

For more information on all commercial real estate magazines, websites and newsletters published by France Media Inc., Click here.

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Luxury real estate: Why this $16 million mansion in California was cut in half https://cc87portedoc.com/luxury-real-estate-why-this-16-million-mansion-in-california-was-cut-in-half/ Thu, 08 Sep 2022 13:34:23 +0000 https://cc87portedoc.com/luxury-real-estate-why-this-16-million-mansion-in-california-was-cut-in-half/ Could this be the very first mobile home? A $16 million listing in California was once cut in half with a chainsaw and transported to its new location. There was a practical reason for such aggression with a beautiful mansion built in 1904. The property, which is now on the U.S. market, once stood in […]]]>

Could this be the very first mobile home?

A $16 million listing in California was once cut in half with a chainsaw and transported to its new location.

There was a practical reason for such aggression with a beautiful mansion built in 1904.

The property, which is now on the U.S. market, once stood in the Pacific Heights area of ​​San Francisco and was split in two and transported across the San Francisco Bay to its address in Belvedere, Marin County, in California.

Moffitt Mansion was under threat from demolition in the 1960s.

READ MORE: Why Alize Stolz is betting on the new trend of “cluttercore” interiors

The Belvedere house is expected to fetch $16.2 million. (Compass)
8 West Shore Road, Belvedere, California known as Moffitt Mansion luxury homes for sale Domain property real estate
The mansion was built in 1904 but came to rest at its current address in the 1960s, thanks to a chainsaw and a barge. (Compass)

To save it, a construction crew used chainsaws to fracture it in the middle and put the pieces on a barge. He made headlines, when such a method was probably considered renegade and extravagant.

The wrecking ball loomed over the mansion as San Francisco’s population exploded and demand for denser housing threatened older, larger homes that took up valuable development space.

Today, it’s an $11.95 million ($16.2 million) list, perfectly preserved despite its precarious past, on the books of Compass agent Janet Williamson.

To 8 West Shore RoadThe five-bedroom mansion has “bespoke millwork and mouldings,” the advert explains, ornate fireplaces, elegant leaded windows, stretches of hardwood floors, and rows of French doors.

READ MORE: Live like the A-list with your own red carpet at this $1.7 million abode

8 West Shore Road, Belvedere, California, known as the Moffitt Mansion luxury home real estate estate
The beautiful quartz waterfall bench in the kitchen. (Compass)
8 West Shore Road, Belvedere, California, known as Moffitt Mansion Domain luxury real estate
Floral decor, true to its time, and French doors are its signature. (Compass)

The master bedroom has a spa-like bathroom, with a freestanding tub and a private balcony that catches a tickling breeze from the San Francisco Bay.

Large doors in the living room lead out to the landscaped swimming pool, which has red brick paving and a pebbled firepit area with a built-in stone lounge, shaded by olive trees.

A “bonus” room on the upper level shows the character of the old building, with its angular ceiling and log fire.

8 West Shore Road, Belvedere, California, known as the Moffitt Mansion luxury real estate estate
The balcony catching the breeze from the San Francisco Bay. (Compass)
8 West Shore Road, Belvedere, California, known as Moffitt Mansion luxury real estate Estate home for sale
The quaint upstairs “bonus” room evokes the origins of the property. (Compass)
8 West Shore Road, Belvedere, California, known as the luxury real estate property Moffitt Mansion Domain
The landscaped outdoor living room and the outdoor fireplace. (Compass)
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Real estate in the UAE set to gain momentum – News https://cc87portedoc.com/real-estate-in-the-uae-set-to-gain-momentum-news/ Sun, 04 Sep 2022 12:31:41 +0000 https://cc87portedoc.com/real-estate-in-the-uae-set-to-gain-momentum-news/ Dubai and Abu Dhabi property markets continue to attract foreign investment as investor confidence rises Dubai’s real estate sector continues its upward trend and is expected to gain momentum in the coming months due to growing demand for luxury villas as well as apartments and townhouses in prime locations. — File photo By Ata Shobeiry […]]]>

Dubai and Abu Dhabi property markets continue to attract foreign investment as investor confidence rises



Dubai’s real estate sector continues its upward trend and is expected to gain momentum in the coming months due to growing demand for luxury villas as well as apartments and townhouses in prime locations. — File photo

By Ata Shobeiry / Industry Insight

Published: Sun Sep 4, 2022 4:31 PM

Last update: Sun Sep 4, 2022 4:32 PM

The UAE real estate market has seen remarkable growth this year as global investors have come to trust the emirate’s successful strategy against the Covid-19 pandemic, consistent economic policies, excellent infrastructure, to visa and business reforms by investing more in the real estate sector, especially in the luxury segment which has attracted significant investment.

The emirate has attracted more than 170 billion dirhams of investment in the real estate sector in the first seven months of this year and there is no slowing in the growth momentum despite the government’s efforts to cool the sector . Dubai’s real estate sector continues its upward trend and is expected to gain momentum in the coming months due to growing demand for luxury villas as well as apartments and townhouses in prime locations.

The Dubai property market recorded over 43,000 real estate transactions worth 115 billion dirhams during the first half of 2022. These remarkable figures show an increase of up to 87% compared to the first half of the year former. June 2022, in particular, turned out to be a record month with nearly 8,900 trade transactions. The combined value of these transactions was recorded at 22.75 billion dirhams.

Along the same lines, the Abu Dhabi real estate market also covered lost ground during the first half of 2022 and responded by registering 7,474 real estate transactions worth Dh22.38 billion over the course of 2022. the period from January to June 2022, marking a significant growth compared to 2021. .

The aforementioned figures show that the real estate sectors of Dubai and Abu Dhabi are on track to produce favorable results for the UAE economy as a whole.

Foreign investment drives the real estate market

Dubai receives a significant share of foreign investment when it comes to real estate sectors in the UAE. The Abu Dhabi property market is also receiving its fair share of interest from foreign investment with the launch of new residential and commercial developments in the capital.

Statistics reveal that Russia, Ukraine and the UK are among the top countries investing in the Dubai and Abu Dhabi property markets. In addition to this, investors from India, Pakistan, Canada, Italy and France have also made significant investments in these two emirates.

Investor and expat friendly policies and strong resilience in the face of the global recession are two of the main reasons attracting foreign investors as well as HNWIs to these real estate markets. On top of that, investors are eager to close deals for luxury properties. Dubai alone saw 82 deals for ultra-prime properties in the first half, setting the stage for a record year for such deals.

Reform of visa rules

The reformed UAE visa rules have also contributed to the growth of real estate markets in the UAE. These changes have made it relatively easier for investors to make a real estate investment and obtain a gold or silver visa since the conditions set for these types of visas have been relaxed.

The objective behind these visa relaxations was to make the UAE real estate market more accessible to foreign investors. And recent statistics show that the authorities have been fully successful in achieving this goal.

The exhibition effect

Expo 2020 opened to visitors as the world reeled from the effects of the novel coronavirus, but Dubai set an unprecedented example in successfully hosting it. The benefits, as we all know, have also spread to other emirates and sectors. The successful handling of this event showed the enhanced confidence of global investors in Dubai.

It’s been almost six months since Expo 2020 closed its curtains. Yet Dubai continues to benefit from this flagship event. And now that Expo City is ready to welcome residents and business people in a few months, we can expect a boost in the real estate sector.

For the uninitiated, it will be a future-centric mini-city in Dubai, located in the same location where Expo 2020 was held.

New guidelines for property listings

In an effort to make investing in Dubai safe for everyone, DLD recently released updated regulations for real estate advertising. Although this is a step in the right direction, many believe it can affect the performance of the real estate market.

However, I believe that this initiative will strengthen the position of the market as a safe place for investors and even end users. They would know that the property contains all the items it is advertised for. Thus, only genuine queries will be received by real estate portals, which have a high chance of converting them into a sales transaction.

Ata Shobeiry is Managing Director of Zoom property. The opinions expressed are his own and do not reflect the policy of the newspaper.

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UK litigation roundup: Here’s what you missed in London https://cc87portedoc.com/uk-litigation-roundup-heres-what-you-missed-in-london/ Fri, 02 Sep 2022 18:32:00 +0000 https://cc87portedoc.com/uk-litigation-roundup-heres-what-you-missed-in-london/ By Tabitha Burbidge (September 2, 2022, 7:32 PM BST) – Last week in London, blockchain fintech Blackfridge launched an intellectual property claim against rival crypto firm Tether, Thames Valley Eggs opened a competing claim against its Dechert’s former manager and former white-collar crime boss is facing new legal action after lying about leaking confidential client […]]]>
By Tabitha Burbidge (September 2, 2022, 7:32 PM BST) – Last week in London, blockchain fintech Blackfridge launched an intellectual property claim against rival crypto firm Tether, Thames Valley Eggs opened a competing claim against its Dechert’s former manager and former white-collar crime boss is facing new legal action after lying about leaking confidential client information.

Here, Law360 looks at these new claims and others in the UK

Financial services

P&B (Foods) Ltd. vs. Barclays Bank PLC and another

P&B, a UK-based Asian food wholesaler, hit Barclays Bank and Bank of Scotland with a Part 8 complaint filed on August 25….

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France uses AI to find swimming pools for tax purposes https://cc87portedoc.com/france-uses-ai-to-find-swimming-pools-for-tax-purposes/ Thu, 01 Sep 2022 03:11:00 +0000 https://cc87portedoc.com/france-uses-ai-to-find-swimming-pools-for-tax-purposes/ from beep-boop-beep department As humanity moves towards the expansion of artificial intelligence, we find many ways to use this technology until it becomes intelligent enough to kill us all and usher in the age of the robot. Platforms have tried to solve the impossibility of large-scale moderation using AI, without real success. The UK has […]]]>

from beep-boop-beep department

As humanity moves towards the expansion of artificial intelligence, we find many ways to use this technology until it becomes intelligent enough to kill us all and usher in the age of the robot. Platforms have tried to solve the impossibility of large-scale moderation using AI, without real success. The UK has tried employing AI to decide when to charge certain people with crimes based on the likelihood of repeat offenses… largely based on where they live. And, of course, there are those who have used AI to create IP to throw the IP world into chaos over whether or not AI can claim IP rights.

But in France, it’s swimming pools and taxes. Confused? Well, the French government used AI to search in satellite imagery in order to find undeclared swimming pools in residences in order to properly tax owners according to French property tax laws.

Using an artificial intelligence computer vision system developed by a French IT company Capgeminithe French tax authorities (often calledTax department“) identified 20,356 backyard pools that were previously unreported. According The Guardianthis opened up €10 million in additional tax revenue, paving the way for the government to tax other undeclared architectural elements such as annexes or verandas.

The driver for this program did not run smoothly. At first, the AI ​​software couldn’t distinguish “blue rectangles” representing swimming pools and similar objects that were actually things like solar panels. But with a few tweaks, Le Fisc got a software error rate well below the 30% it originally returned.

If you’re not sure why this is all a thing, it’s because French property taxes are assessed on their rental values ​​rather than property purchase values. Swimming pools increase the rental value of any property. How many? Well, enough for the French government to expect to raise around 40 million euros from this programming which extends to the whole of France.

Is this a good use of AI? I mean nobody love be taxed, but it would seem that finding landlords who don’t recognize their tax obligations isn’t the worst thing in the world.

Filed Under: ai, france, surveillance, swimming pools, tax cheats

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DataBank completes the first phase of its major recapitalization https://cc87portedoc.com/databank-completes-the-first-phase-of-its-major-recapitalization/ Tue, 30 Aug 2022 13:01:00 +0000 https://cc87portedoc.com/databank-completes-the-first-phase-of-its-major-recapitalization/ A consortium of investors led by Swiss Life and EDF Invest acquires a 35% stake in DataBank for approximately $1.5 billion DALLAS, August 30, 2022 /PRNewswire/ — data bank, a leading provider of enterprise-class colocation, interconnection and managed services, today announced the closing of its initial recapitalization led by Swiss Life Asset Management AG (“SLAM”), […]]]>

A consortium of investors led by Swiss Life and EDF Invest acquires a 35% stake in DataBank for approximately $1.5 billion

DALLAS, August 30, 2022 /PRNewswire/ — data bank, a leading provider of enterprise-class colocation, interconnection and managed services, today announced the closing of its initial recapitalization led by Swiss Life Asset Management AG (“SLAM”), EDF Invest (“EDF “), Northleaf Capital Partners, Ardian and CBRE Investment Management. Structured as a sale of existing investor stakes for $1.5 billion, the new consortium of investors will now hold a fully diluted 35% stake in DataBank. The new group of investors joins DigitalBridge, which remains invested in the company, as committed, long-term investors who will enable DataBank’s aggressive plans for the decade ahead.

Since 2016, DataBank has been developing an ecosystem of interconnect locations and data centers in the U.S. Tier 1 and Tier 2 metros that it believes would serve as the geographic base for a next-generation internet infrastructure platform. more decentralized. Today, DataBank has more data centers in more metros than any other provider in the United States – public or private – with a footprint capable of placing customer workloads within 100 miles of 60% of the American population. The recapitalization will allow DataBank to execute a plan that builds on this state-of-the-art footprint and capitalizes on the growth of state-of-the-art infrastructure in the United States for the next decade.

“We are delighted to welcome this first coalition of infrastructure investors to DataBank and know that their vote of confidence validates DataBank’s strategy,” said Raul K. Martynek, CEO of DataBank. “We look forward to working with them to strengthen our position as the leading edge colocation and interconnect platform and capitalize on a multi-gigawatt opportunity in edge computing. »

The subsequent stages of the recapitalization should allow new investors to acquire stakes in DataBank from existing investors before the planned completion of the recapitalization in the fourth quarter of 2022

DataBank was advised by Goldman Sachs as financial advisor and Proskauer Rose LLP as legal advisors.

About Data Bank

DataBank enables the world’s leading enterprises, technologies and content providers to consistently deploy and manage their infrastructure, applications and data on the right platform, at the right time and in the right place. Our colocation and edge infrastructure footprint consists of over 65 data centers and 20 interconnect hubs in over 27 markets, gateways to an ecosystem of cloud providers, and a modular data center platform. edge data with virtually unlimited reach. We combine these platforms with contract portability, managed security, compliance enablement, hands-on support and a 100% uptime guarantee, to give our customers absolute confidence in their IT infrastructure and the power to create a limitless digital future for their business. . To learn more or tour a facility, visit databank.com or call 1(800) 840-7533

About Swiss Life Asset Management A
g

Swiss Life AM has more than 160 years of experience in capital management on behalf of the Swiss Life group and its clients. Swiss Life AM’s investment philosophy focuses on the principles of a long-term strategic approach, the preservation of capital, the generation of consistent and sustainable returns and a responsible approach to risk. Swiss Life AM offers its wealth management expertise to third-party clients in Swiss, France, Germany, Luxemburg and the UK. Like a December 31, 2021, the assets managed by Swiss Life on behalf of third-party clients amounted to 99 billion euros. Together with the Swiss Life Group’s investment mandates, Swiss Life AM’s total assets under management amount to 266 billion euros, of which 7.3 billion euros are managed by the Infrastructure Equity business area. Swiss Life AM has a dedicated infrastructure team of over 42 investment professionals, focusing on investments in global infrastructure assets, including renewable energy, and a proven track record in building value for its customers.

About
EDF Invest

EDF Invest is EDF’s investment subsidiary for unlisted Dedicated Assets. The Dedicated Assets will finance the dismantling of EDF power plants in France. EDF Invest currently manages around €9 billion in equity and is aiming for around €12 billion in the coming years. Our mission is to diversify EDF’s Dedicated Assets portfolio and extend its investment horizon by targeting three unlisted asset classes France and abroad: Infrastructure, Real Estate and Funds. Follow EDF Invest on: www.edfinvest.com / and www.linkedin.com/company/edf-invest

About Northleaf Capital Partners

Northleaf Capital Partners is a global private markets investment firm with over 20 billion US dollars in private equity, private credit and infrastructure commitments raised to date from public, corporate and multi-employer pension plans, endowments, foundations, financial institutions and family offices. Northleaf’s team of 200 professionals, located in Toronto, Chicago, London, Los Angeles, melbourne, Menlo Park, Montreal and New York, focuses exclusively on researching, evaluating and managing private market investments globally. Its portfolio includes more than 500 active investments in more than 40 countries, with a focus on mid-market companies and assets. For more information about Northleaf, please visit www.northleafcapital.com.

About Ardian

Ardian is a global leader in private investment, managing or advising $141 billion of assets on behalf of more than 1,300 clients worldwide. Our extensive expertise, spanning private equity, real assets and credit, allows us to offer a wide range of investment opportunities and respond flexibly to the different needs of our clients. Using Ardian’s bespoke solutions, we create bespoke portfolios that allow institutional clients to specify the precise mix of assets they need and access funds managed by leading third-party sponsors. We also provide a specialist service for private clients through Ardian Private Wealth Solutions. Ardian is majority-owned by its employees and attaches great importance to the development of its employees and the promotion of a collaborative culture based on collective intelligence. Our more than 900 employees, located in 15 offices in Europethe Americas and Asia, are strongly attached to the principles of Responsible Investment and are determined to make finance a force for the good of society. Our aim is to provide excellent investment performance combined with high ethical standards and social responsibility. At Ardian, we are all invested in building businesses that last. For more information visit: www.ardian.com

About CBRE Investment Management

CBRE Investment Management is one of the world’s leading real asset investment management companies with $146.8 billion of assets under management* at March 31, 2022, operating in more than 30 offices and 20 countries around the world. Through its investor-operator culture, the firm seeks to provide sustainable investment solutions across real asset classes, geographies, risk profiles and execution formats so that its clients, associates and its communities thrive. CBRE Investment Management is an independent affiliate of CBRE Group, Inc. (NYSE: CBRE), the world’s largest commercial real estate investment and services company (based on 2021 revenues). CBRE has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE Investment Management leverages CBRE’s market data and information, investment research and other resources for the benefit of its clients. For more information, please visit www.cbreim.com.

About Digital Bridge

DigitalBridge (NYSE:DBRG) is one of the world’s leading digital infrastructure investment firms. With a legacy of more than 25 years of investing in and operating businesses across the digital ecosystem, including cell towers, data centers, fiber, small cells and edge infrastructure, l DigitalBridge team runs a $47 billion portfolio of digital infrastructure assets on behalf of its limited partners and shareholders. Based at Boca RatonDigitalBridge has key offices in New York, Los Angeles, Londonand Singapore. For more information, visit www.digitalbridge.com.

SOURCE database

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