Dhoni-backed Rhiti Sports forms JV to develop, run ‘Appu Ghar’

first_img Share on Facebook Tweet on Twitter Latest Sports News Cricket Cricket Latest Sports News by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeSuresh Raina issues statement after arrest, says the incident in Mumbai was ‘unintentional’UndoPUBG Mobile Big Update : For the first time ever, India Government makes it official, ‘No Permissions to PUBG’UndoSuryakumar YadavUndoRhiti has reportedly entered into an agreement with International Recreation and Amusement Limited to develop, manage and operate the Appu Ghar on the 33-acre plot of land at Sector 29 in Gurugram.“We will try to make this the biggest sports and entertainment destination centre of this country,” Rhiti Sports managing director Arun Pandey is quoted as saying by the ET. “We will review everything in the next three months, then we will decide on the next step.”The IRAL management, which also operates the Oyster Park amusement facility, has been struggling with funds. In an initiative to revive the Appu Ghar project, the IRAL has formed an alliance with the Rhiti Sports-owned Inter Sports. “I will be honest in telling you that we were struggling. That’s why we are bringing them. They have the capability to turn around this project,” IRLA managing director Rakesh Babbar had told ET.The IRAL had signed a long-term lease agreement with the Haryana Government to develop, manage and operate the Appu Ghar.Rhiti will invoke investments for the ₹ 1,500 crore ambitious project. Pandey had confirmed that his company was talking to two Indian investors for funding the project. The project, in addition to the Appu Ghar, will also house a ‘Seven’ store and a fitness centre. The fitness centre and the Seven store will be owned by MS Dhoni. Seven is Dhoni’s flagship sports shoe, apparel and athleisure brand.The 300,000-square feet shopping complex at the facility will have stores of leading Indian and international brands.Appu Ghar started near the Pragati Maidan in New Delhi in 1984 and was named after the 1982 Asian Games mascot – Appu the elephant. International Recreation and Amusement Limited then had taken the land on lease from the Indian Trade Promotion Organisation to develop, manage and operate the Amusement Park, which was eventually closed in February 2008 under the Supreme Court directives to allot the land for construction of the Delhi Metro Rail Corporation’s Pragati Maidan station. Cricket TAGSAppu GharDhoni Appu GharMahendra Singh DhoniRhiti Sports SHARE Virat Kohli completes 10 years in Test Cricket: 10 things you should know about India skipper- check out Mahendra Singh Dhoni-backed Rhiti Sports will now venture into the amusement park business. The Sports Management company’s subsidiary Inter Sports has formed a joint venture to develop “Appu Ghar” in Gurugram.Rhiti Sports will be committing ₹1,500-crore to develop the amusement park in Gurugram, states an Economic Times report. The project will also have sports, entertainment and shopping facilities. Euro 2020 LIVE broadcast in more than 200 countries, check how you can watch Live Streaming of EURO 2020 in your country By Kunal Dhyani – March 28, 2018 WTC Final LIVE Day 3: Covers still on but rain unlikely throughout Day 3 as India look to take charge against New Zealand YourBump15 Actors That Hollywood Banned For LifeYourBump|SponsoredSponsoredUndoDefinitionTime Was Not Kind To These 28 CelebritiesDefinition|SponsoredSponsoredUndoPost FunThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayPost Fun|SponsoredSponsoredUndoDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funny|SponsoredSponsoredUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStory|SponsoredSponsoredUndoDefinitionWhat ‘Harry Potter’ Characters Were Actually Supposed To Look LikeDefinition|SponsoredSponsoredUndo Happy Father’s Day: Nostalgic Sachin Tendulkar shares a special item that belonged to his father; Check video Dhoni-backed Rhiti Sports forms JV to develop, run ‘Appu Ghar’ Tokyo Olympics: Organisers mulls to allow 20,000 fans for Tokyo 2020 Opening ceremony Cricket Tokyo Olympics Village: Organizers unveils Tokyo games athletes village to the media, check first look Happy Father’s Day: ‘We Miss You’, Hardik Pandya pens emotional message for his father Football Previous articleProfessional Squash unveils new tour structure, joint tour with WSFNext articleWhy IPL is crucial to this brand endorsed by six cricket stars? Kunal DhyaniSports Tech enthusiast, he reports on Sports Tech industry and writes on sports products. Tokyo Olympics: Covid-19 scare continues after a Uganda team member tests positive Cricket Cricket ICC WTC Final: Ravichandran Ashwin reveals when he plans to retire from cricket Facebook Twitter Latest Sports News India Tour of Sri Lanka: From books to gym, Sanju Samson shares story of his quarantine life RELATED ARTICLESMORE FROM AUTHOR Sports BusinessBrandsLatest Sports NewsNewsSportSportstarslast_img read more

Bishop appeals for prayer after attacks on Muslims lead to…

first_imgBishop appeals for prayer after attacks on Muslims lead to state of emergency Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest Submit a Job Listing [Anglican Communion News Service] The senior Anglican bishop in Sri Lanka has spoken out against an outbreak of violence targeting the Muslim communities in Amapara and Digana in the central district of Kandy. At least two people were killed and 232 homes destroyed in riots sparked by the death of a Sinhala Buddhist man.Read the full article here. Canon for Family Ministry Jackson, MS Associate Priest for Pastoral Care New York, NY Course Director Jerusalem, Israel Assistant/Associate Rector Morristown, NJ Submit a Press Release Youth Minister Lorton, VA Director of Administration & Finance Atlanta, GA Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem Submit an Event Listing AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis Rector Bath, NC An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Rector Knoxville, TN Press Release Service Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET The Church Investment Group Commends the Taskforce on the Theology of Money on its report, The Theology of Money and Investing as Doing Theology Church Investment Group New Berrigan Book With Episcopal Roots Cascade Books Missioner for Disaster Resilience Sacramento, CA Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Rector Smithfield, NC Priest Associate or Director of Adult Ministries Greenville, SC Rector Martinsville, VA Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT Featured Jobs & Calls Rector Collierville, TN Tags Family Ministry Coordinator Baton Rouge, LA Episcopal Charities of the Diocese of New York Hires Reverend Kevin W. VanHook, II as Executive Director Episcopal Charities of the Diocese of New York center_img This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Bishop Diocesan Springfield, IL Rector Pittsburgh, PA Associate Rector Columbus, GA Rector and Chaplain Eugene, OR Rector Shreveport, LA Posted Mar 14, 2018 Priest-in-Charge Lebanon, OH Rector Hopkinsville, KY Anglican Communion, Curate Diocese of Nebraska Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Assistant/Associate Rector Washington, DC Curate (Associate & Priest-in-Charge) Traverse City, MI Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET TryTank Experimental Lab and York St. John University of England Launch Survey to Study the Impact of Covid-19 on the Episcopal Church TryTank Experimental Lab Featured Events In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Ecumenical & Interreligious Rector (FT or PT) Indian River, MI Rector Belleville, IL Rector Albany, NY Associate Rector for Family Ministries Anchorage, AK Rector Washington, DC Rector Tampa, FL Assistant/Associate Priest Scottsdale, AZ The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Director of Music Morristown, NJ Rector/Priest in Charge (PT) Lisbon, ME Cathedral Dean Boise, ID last_img read more

Sanlitun Village North Area East / Beijing Matsubara and Archi…

first_img 2007 ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/94307/sanlitun-village-north-area-east-beijing-matsubara-and-architects Clipboard Sanlitun Village North Area East / Beijing Matsubara and Architects Sanlitun Village North Area East / Beijing Matsubara and ArchitectsSave this projectSaveSanlitun Village North Area East / Beijing Matsubara and Architects “COPY” China Projects CopyHouses•Beijing, China Save this picture!© SHU He+ 24 Share Houses ArchDaily ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/94307/sanlitun-village-north-area-east-beijing-matsubara-and-architects Clipboard Area:  10436 m² Year Completion year of this architecture project “COPY” CopyAbout this officeBeijing Matsubara and ArchitectsOfficeFollowProductConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesBeijingOfficesChinaPublished on December 13, 2010Cite: “Sanlitun Village North Area East / Beijing Matsubara and Architects” 13 Dec 2010. ArchDaily. Accessed 12 Jun 2021. ISSN 0719-8884Read commentsBrowse the CatalogHandshowerhansgroheHand ShowersVinyl Walls3MVinyl Finish- DI-NOC™ Glass FinishPartitionsSkyfoldIntegrating Operable Walls in a SpaceCommunications2NIntercom – 2N® IP VersoCurtain WallsIsland Exterior FabricatorsPace Gallery Envelope SystemMetal PanelsTrimoModular Metal Wall – Qbiss OneConcreteSika3D Concrete PrintingMetal PanelsLorin IndustriesAnodized Aluminum – Gun Metal Grey with Arconic Tectur-Al™GlassDip-TechCeramic Printing for Public TransportationBeams / PillarsBlumer LehmannTimber Construction in Cambridge MosquePorcelain StonewareCeramiche KeopeCeramic Tiles – 9Cento MosaicTiles / Mosaic / GresiteRakoFloor and Wall Tiles – Serie PiazzettaMore products »Read commentsSave世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream Photographs:  SHU HeText description provided by the architects. Project circumstances In 2005, one of the developers in Beijing has contacted and asked us to introduce them a Japanese architect who are expert on designing commercial buildings. When I have talked to some architects, Mr. Kengo Kuma immediately responded first. Because the clients were also interested in him, they consigned Mr. Kuma as a main architect for this project. The Sanlitun VELLAGE project is structured with two sites, which are the North and the South districts facing on the Sanlitun Street. The architecture office from Hong Kong has already designed their master plan for both districts.Because the time was limited, At South district we have used the master plan from the Hong Kong architects, and the foreign architects became in charge of detail design for its facades. Furthermore, at North district Kuma office had redesigned the master plan for the North district, and each building was distributed to other foreign architecture offices to be designed. BMA took charge of designing the EAST building on the North district. The four foreign architecture offices (Kuma, Shop, Lo-tek, BMA) had designed buildings on the North district centralizing a courtyard. The total floor area of the East building, that we took charge of, is about ten thousand square meters with four stories, eighteen meters height and one hundred meters length. Design concept Our EAST building on the North district has a design concept of “jelly façade”. This is about thick transparent spaces that sandwiches both sides of the building. Three to four meter thick jelly façades are attached on the East and the West side of building, which is constructed with roughly seventeen meter concrete main structural frame. The first and second floors are for commercial purposes, and the third and fourth floors are for office functions, so that building programs are vertically divided in two functions. Each of eight tenants is provided with thirteen meter wide space. The hundred meters long building elevation is divided in 2×8=16 tenants. By changing the thickness of those each jelly facades, the uneven surfaces on the elevations appear on the East and the West. Save this picture!© SHU HeRecommended ProductsPorcelain StonewareApariciPorcelain Tiles – BrickworkWoodAccoyaAccoya® CanalsCoffee tablesBoConceptMadrid Coffee Table AD22The size of the elevations for each sixteen tenants is thirteen meters wide and nine meters tall. Moreover, additional small boxes are installed on those each elevations. The facades on the first and second floor have small boxes as if they are placed on the floor. The façade on the third and fourth floors have small boxes as if they are hanging from the roof top. The actual jelly façade is composed of steal frame structure and those small boxes are also made out of steel frames. The structural systems for these boxes are the same as they look on the exterior. Boxes of the commercial part (first and second floors) are structurally placed on the first floor, and boxes of the office part (third and fourth floors) are also structurally hanging from its roof floor. Save this picture!© SHU HeThere were two problems on the design stage. One is to think about how those two different functions of office and commercial programs coexist in one building. When the commercial facilities become more luxury, the interior space becomes more closed. On the other hand, it is easier to sell office space as the luxury property, by making it open. Therefore, we faced on a problem of how we can let the closed commercial space and the opened office space coexisted. The jelly façade is three to four meter thick buffering space, and is the half open and half closed space between the interior and the exterior spaces. This buffering space functions as the entrance hall and the show window case for the commercial floors. It also functions as public hall ways and small meeting room for the office floors. Thus, this buffering space are not only acting as opening and closing spaces but also acting as the intermediate for commercial and office functions. By applying this “jelly façade” on the exterior wall, the office and commercial part of the entire façade do not separate but rather merged into each other. Save this picture!© SHU HeAnother problem was how to keep the independency of each tenant. It is luxury brands’ ideal to have their own individual store building on streets. However, because there are not many small individual brands’ architectures in the centre of the Beijing city, most of the international luxury brands move into a large building as its tenant. Although those tenants use only a part of the building space, the more luxury the tenants are, the more they want to stand out from the others and have their distinctive façade for their stores. The developers for this project had requested us to make the each façade for those tenants space highly distinctive. “Jelly façade” kept its individuality for each tenant’s facade by creating uneven surface on it. By doing so, people can easily recognize their own stores and offices, looking at the building façade from the outside view.Project gallerySee allShow lessEgg House / Daihai FeiArticlesChess-club Building / Erick van EgeraatArticles Share Photographs Architects: Beijing Matsubara and Architects Area Area of this architecture project Year: last_img read more

House in Shigaraki / Junichi Kato & Associates

first_imgArchDaily Projects 2015 Japan House in Shigaraki / Junichi Kato & Associates CopyAbout this officeJunichi Kato & AssociatesOfficeFollowProductsWoodSteel#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesJapanPublished on September 02, 2015Cite: “House in Shigaraki / Junichi Kato & Associates” 02 Sep 2015. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Browse the CatalogSinkshansgroheBathroom Mixers – MetrisVinyl Walls3MVinyl Finish – DI-NOC™ Cross HairlinePartitionsSkyfoldVertically Folding Operable Walls – Mirage®SinksThe Splash LabTrough Sink – Monolith A SeriesSkylightsVELUX CommercialModular Skylights in Helmkehof Cultural CenterBathroom AccessoriesBradley Corporation USAWashroom AccessoriesConcrete FloorsSikaDecorative Floor CoatingsMetal PanelsSherwin-Williams Coil CoatingsFluropon® Coating in Thaden SchoolWood Boards / HPL PanelsInvestwoodViroc Nature for Partition WallsMineral / Organic PaintsKEIMMineral Wood Stain – Lignosil®-VeranoDoorsdormakabaEntrance Doors – MAGNEOSinksECOPIXELWashbasin – Light Basin LTBMore products »Save世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream Year:  “COPY” Houses CopyHouses•Japan Area:  134 m² Area:  134 m² Year Completion year of this architecture project Photographs ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/772922/house-in-shigaraki-junichi-kato-and-associates Clipboard ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/772922/house-in-shigaraki-junichi-kato-and-associates Clipboard Architects: Junichi Kato & Associates Area Area of this architecture project Save this picture!© Kei Sugino+ 22 Share 2015 photographs:  Kei SuginoPhotographs:  Kei Sugino Save this picture!© Kei SuginoText description provided by the architects. This is a two-storey wooden residence located in Shiga Prefecture.The L-shaped building is positioned to open out onto a garden on its southern flank, and a large pent roof covers the entire building.Save this picture!© Kei SuginoCentering on the living room atrium, the interior features slits to provide passage for air and natural light, and openings in the walls in various locations. Air and natural light move around the space under the large roof as the day and the seasons change.Save this picture!Diagram Section 1In careful consideration of the needs of a family with small children, the interior is finished with natural plastering materials, pure flooring materials, and natural paints.Save this picture!© Kei SuginoIt is our hope that, under the large pent roof, family members will be able to get a feel for each other irrespective of where they are, and that they can enjoy the changes in the natural environment each day.Save this picture!© Kei SuginoProject gallerySee allShow lessMyung Films Paju Building / IROJE Architects & PlannersSelected ProjectsSwinburne University of Technology Factory of the Future / H2o architectsSelected Projects Share “COPY” Year:  House in Shigaraki / Junichi Kato & AssociatesSave this projectSaveHouse in Shigaraki / Junichi Kato & Associateslast_img read more

Full programme for Small Charity Week 2019 announced

first_img  269 total views,  5 views today Aviva’s supportAviva will have employees volunteering their skills for Big Advice day, and will be running a workshop on the day with two of its senior strategists talking about forward planning and scenario planning for charities. It will also be present at the fundraising conference on the Thursday.Pauline Broomhead, CEO of the FSI said:“I’m incredibly excited to be celebrating the 10th Small Charity Week this year, and to be partnering with Aviva to make this the biggest Week yet. Since 2010, where 300 charities took part in the Week, it’s been amazing to see it grow over the last decade and to have over 1,700 charities involved last year. We know it’s a challenging time for small charities and the FSI, Aviva and Small Charity Week partners are committed to doing everything we can to ensure they have the skills, knowledge and confidence to achieve their vision.”Jude Brooks, Head of Aviva UK Corporate Responsibility, added:“The support the FSI gives to small charities is invaluable and very much aligned to our own ambition of creating stronger communities. For over 300 years, Aviva has been defying uncertainty for its customers. We want to do the same for small charities and grassroots community groups, who are working tirelessly to make a real difference for so many people. We are proud to support them with skills, knowledge and connections, so that we can build stronger communities together and face the future with confidence.”  270 total views,  6 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis20 AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis20 Howard Lake | 21 May 2019 | News Tagged with: Awards small charities the FSI Training Volunteeringcenter_img Full programme for Small Charity Week 2019 announced The Foundation for Social Improvement has announced the programme for this year’s Small Charity Week. The 10th annual event takes place from 17th-22nd June 2019, and the headline sponsor this year is Aviva.Small Charity Week is, as usual, divided into different days with specific topics and issues, such as Big Advice Day, and Policy Day. It is supplemented by events such as the Fundraising Conference, and the Small Charity Big Impact Awards.Aviva already supports small charities through its Aviva Community Fund, staff volunteering and in-kind support. They run the Aviva Community group on Facebook, in which small charities share advice and tips and learn from contributors. UK Fundraising’s Howard Lake was the guest moderator for March which was Fundraising Month on the group.Small Charity Week brings together staff, volunteers, the public, policymakers, funders and infrastructure bodies.Small charities will have the chance to win prizes, raise awareness of their work, influence decision-makers, and build their skills and sustainability over six days of activities.Monday: I Love Small Charities Day – sponsored by AnsvarThe week kicks off with three social media competitions to celebrate why people love small charities, and three charities will win cash donations.Tuesday: Big Advice Day – sponsored by Virgin Giving Money and supported by Team LondonUp to 100 charities will access free bespoke advice from expert volunteers at the Big Advice Day event at City Hall, and local groups will be running their own across the country. Advertisement Wednesday: Policy DaySmall charities will have the chance to chat with ministers and policy makers at an international development roundtable and Westminster reception. The FSI will also be releasing a report looking at the trends from our Small Charity Index research over the past five years.Thursday: Fundraising Day – sponsored by CAF and supported by King’s College LondonOnline competitions, free fundraising resources, and the FSI’s Fundraising Conference share expert inspiration to help charities raise funds.Friday: Small Charity Big Impact Day – sponsored by PolicyBeeThe winners of the Small Charity Big Impact Awards will be announced and their prize videos shared online.Saturday: Celebration Day – sponsored by Vibrant ColourSmall charities across the country will put on their own events to showcase their work and raise awareness in their community. About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img read more

Limerick treasures are in the post

first_imgRELATED ARTICLESMORE FROM AUTHOR Limerick postal sorting office evacuated over suspect package Previous articleLimerick’s rail line see increase in passenger journeysNext articleLimerick school scores special award Staff Reporterhttp://www.limerickpost.ie Twitter Send Love to someone special with free An Post Postcards TAGSan postArdagh ChaliceNational Museum of Irelandstamp Ardagh ChaliceOne of Limerick’s most prized possessions has received the stamp of approval from An Post.The Ardagh Chalice has been selected to appear on Ireland’s latest set of definitive stamps which are termed “everyday” stamps that remain on sale for a number of years. The artifact previously featured on the stamps twenty two years ago.The stamps are the second phase of the series, ‘A History of Ireland in 100 Objects, a selection’. The definitive series is based on Fintan O’Toole’s book, A History of Ireland in 100 Objects, with each object opening a window into an important moment in Irish history between 5000BC and the early 21st Century. The project marks a partnership between The National Museum of Ireland, The Irish Times, The Royal Irish Academy and An Post.Sign up for the weekly Limerick Post newsletter Sign Up The Ardagh Chalice was discovered in September 1868. Constructed from 354 individual pieces the chalice is made from silver and bronze alloy and contains inscription‘s of the names of the eleven apostles and St. Paul. The purpose of the Chalice was to distribute Eucharistic wine. The chalice currently resides in the National Museum of Ireland.The stamps are available at all Post Offices and online. More about heritage here. Linkedin Advertisement Printcenter_img An Post release St. Patrick’s Day stamp of Richard Harris NewsLimerick treasures are in the postBy Staff Reporter – January 27, 2018 1542 Facebook Email TV licence service Ardagh treasure finder lives on in song WhatsApp Seven Limerick post offices confirmed for closurelast_img read more

Housing Recovery Moving Slowly Despite Moderate Gains in Sales

first_img Related Articles Share Save Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, Market Studies, News The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago While home sales prices posted moderate gains in September, the housing market recovery as a whole is moving slowly, according to the Wells Fargo Economics Group Housing Wrap Up for October 2014.New home sales increased by only 0.2 percent month-over-month in September after shooting up by more than 15 percent in August. And while new home sales have increased by 22.6 percent since September last year, that percentage is perhaps more a reflection on the exceptionally weak sales numbers posted in September 2013, according to Wells Fargo. Existing home sales climbed by 2.4 percent from August to September, the highest percentage in 11 months. Year-over-year, existing home sales were 1.9 percent higher in September.The median price of new homes dropped sharply in September, according to Wells Fargo, declining by 9.7 percent month-over-month and 4.0 percent year-over-year, indicating that more discounts are being offered by builders to move inventory. September declines in the median and average sales prices for existing homes were reported by the National Association of Realtors, indicating that more sellers are offering homes at a discount.Homeownership rates tumbled to 64.4 percent in Q3, hitting their lowest point since 1995, according to Wells Fargo. The report attributes the low homeownership rate to a decline in market discipline that was a longtime hallmark of the housing industry – first-time homebuyers made sacrifices to save for a down payment and therefore had a greater stake in home buying. The market shifted and disciple relaxed, resulting in the sales of many homes with little or no down payment, which resulted in poor outcomes for buyers who purchased a home without consider factors such as builders, neighborhoods, or school districts. The report said that many would-be buyers “now remain chagrined to the point that they are unlikely to buy a home anytime soon.”Among individuals under age 35, homeownership rates stood at just 36 percent in Q3, down 7.6 percentage points since peaking 10 years ago. But While many point to the low homeownership rates among millennials as the reason for slow housing recovery, Wells Fargo does not believe the younger generation is completely to blame.”We believe the missing link in the housing recovery is the lack of strong job growth,” the report said. “While overall employment has surpassed its pre-recession level, much of the rebound in employment has been in part-time jobs.”Wells Fargo found in the report that there are 1.1 million more people working in the U.S. than there were prior to the recession, but the gains have come strictly in part-time jobs, where 3.7 million more people are working. The report said there were actually 2.6 million fewer people working in full-time jobs than prior to the recession, and “the 2.6 million worker gap from pre-recession employment levels likely explains a great deal of the slow motion recovery in the housing market” since people working full-time are more likely to buy a house than those working part-time. November 6, 2014 1,165 Views Tagged with: Home Ownership Rate Home Prices Home Sales Housing Market Recovery Wells Fargo Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. About Author: Brian Honea Home Ownership Rate Home Prices Home Sales Housing Market Recovery Wells Fargo 2014-11-06 Brian Honeacenter_img Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Housing Recovery Moving Slowly Despite Moderate Gains in Sales The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / Housing Recovery Moving Slowly Despite Moderate Gains in Sales Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: With Recent Republican Victories, Is GSE Reform Possible? Next: Progress Made on Ending Veteran Homelessness, More to be Done  Print This Post Subscribelast_img read more

Deutsche Bank to Pay Billions Over Pre-Crisis RMBS

first_imgSign up for DS News Daily Deutsche Bank has announced that it has reached a settlement with the United States Department of Justice in regard to an investigation regarding residential mortgage-backed securities (RMBS) and securitization activities between 2005 and 2007.Terms of the settlement agreement state that Germany’s largest bank will pay a total of $7.2 billion: a civil monetary penalty of $3.1 billion and $4.1 billion to provide consumer relief in the United States. Consumer relief will be compensated and delivered in the form of loan modifications and other assistance to homeowners and borrowers over a five-year period.Deutsche Bank is expected to record pre-tax charges of approximately $1.17 billion in the financial results for Q4 as a result of the civil monetary penalty. The financial consequences, if any, of the consumer relief are subject to the final terms of the settlement, and are not expected to have an impact on the bank’s 2016 financial results. The preliminary results for the 2016 financial year are slated to publish on February 2, 2017.The bank has faced multiple settlements over the years relating to violations of U.S. sanctions, rigging of interest-rate benchmarks, and allegations that it defrauded mortgage issuers Fannie Mae and Freddie Mac. According to a Bloomberg article, the bank has paid over $9.3 billion in fines and legal settlements since 2008.In July, DS News reported that U.S. District Judge Deborah Batts rejected Deutsche Bank AG’s bid to dismiss claims with respect to roughly $2.55 billion of securities sold in November 2007 and February 2008, saying the German bank must face part of a lawsuit claiming it deceived investors who bought more than $5.4 billion of preferred securities by concealing its exposure to the fast-deteriorating subprime mortgage market, according to a report from Reuters.Deutsche Bank Co-CEO John Cryan assured to employees that the bank plans to cover all legal costs in a note to the bank’s employees back in February. “I am personally investing time to resolve successfully and speedily open regulatory and legal cases. A small group of senior people, led by me, will focus on this,” he said.Deutsche Bank declined to comment about the settlement. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Deutsche Bank to Pay Billions Over Pre-Crisis RMBS in Featured, Government, News Servicers Navigate the Post-Pandemic World 2 days ago Department of Justice Deutsche Bank RMBS Settlements 2016-12-23 Kendall Baer Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Tagged with: Department of Justice Deutsche Bank RMBS Settlements About Author: Mirasha Brown Mirasha Brown is a graduate of Florida A&M University and is pursuing a masters degree at Syracuse University. Born and raised in Florida, she has contributed to public relations and marketing campaigns for Rent The Runway and Billboard. She is a communications specialist with The Five Star and a contributing writer to DS News and the MReport. Is Rise in Forbearance Volume Cause for Concern? 2 days ago Related Articlescenter_img Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago December 23, 2016 1,146 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: A New Standard for Property Preservation? Next: Marijuana Law for California Residential Landlords Home / Featured / Deutsche Bank to Pay Billions Over Pre-Crisis RMBS Share Save  Print This Post Subscribelast_img read more

BARRY, KATHLEEN (nee: Keane)

first_imgpassed away on May 6, 2017, at Bayonne Medical Center. Born in County Longford, Ireland, she had been a resident of Bayonne since 1980, after relocating from Jersey City. Mrs. Barry was employed by Pomptonian Food Service and was also the cashier in the faculty dining room at the former Jersey City State College. She was a devoted parishioner of St. Andrew Apostle Church, and a member of its Rosary Society. Mrs. Barry was the wife of the late John J. Barry. She is survived by her daughter, Maryann Connelly and her husband, Phil; and the love of her life, her grandson, Kevin Patrick Connelly. She was the aunt of the late Frank Taibl, Thomas Keane, and his wife, Kim, Kevin Keane, and his wife, Marykim, and the late Michael Keane Jr., and his wife, Diane. She is also survived by Mary Ellen Weinel. Mrs. Barry was the daughter of the late Mary Keane (nee: Keagan) and the late Francis J. Keane. She was predeceased by her siblings, Margaret Taibl, Shelia Sweeney, Michael Keane, Sr., and Frank Keane. Funeral arrangements by BAYONNE MEMORIAL HOME, 854 Avenue C.last_img read more

Irish coffee chain to expand

first_imgEsquires Coffee Houses is to expand its Irish franchisee network by opening three new cafes in Dublin, Cork and Naas in County Kildare by the end of 2008.Irish Master Franchisee Tony McVerry said: “Esquires is now well positioned in Ireland to maximise growth opportunities by targeting traditional high street locations, shopping centres and business parks.”Founded in Canada in the 1990s, Esquires took that country’s “suburban coffee house” concept and grew into an international franchise business. It has 20 stores in the UK, with more to open in the coming months, and a presence in North America and New Zealand as well as Ireland. Managing Director Peter Kirton said the company’s emphasis is on “the quality of our stores rather than the sheer number we have”. He added: “We pride ourselves on our commitment to community spirit, and we look to recruit franchisees with local knowledge and the ability to apply the Esquires values with their individual areas in mind.” In 2007 it started to offer Fairtrade coffee as standard, with further products available in its growing Fairtrade range.last_img read more