Cerberus Capital, Stonemont Financial form $1B domestic industrial venture

first_img Tags Cerberus co-CEO Stephen Feinberg and Stonemont CEO Zack Markwell (iStock)Stonemont Financial Group and an affiliate of Cerberus Capital Management LP have formed a joint venture to invest in the white-hot logistics sector.The partners want to buy as much as $1 billion worth of industrial real estate, according to Commercial Property Executive. So far, the two firms have purchased properties in Illinois, Florida, Mississippi and Tennessee. They did not disclose their total investment in those properties.Stonemont manages around 15 million square feet of industrial real estate, while Cerberus has recently partnered with other firms on logistics investments, including LPC West and Provender Partners.The joint venture will target logistics properties with a particular eye toward last-mile distribution facilities, truck terminals, truck and trailer parking, and maintenance facilities.ADVERTISEMENTThe growth of e-commerce, spurred by the pandemic, has helped make those facilities one of strongest property types amid the broader economic downturn. Logistics accounted for 20 percent of global commercial real estate spending last year, compared to 15 percent in 2015. CBRE projects that logistics pricing will rise 68 percent by 2030.Cerberus has also been raising funds to take advantage of the economic fallout from the coronavirus pandemic. The firm wants to quadruple the size of its new stressed and distressed credit fund to $750 million.[Commercial Property Executive] — Dennis Lynch  Share via Shortlink Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Commercial Real EstateIndustrial Real Estatelast_img read more

How to Buy a Diamond

first_imgHow to Buy a Diamondby Brent Beaman, G.G.(GIA) Managing Partner The New Kruckemeyer & Cohn Jewelry Company, LLCEveryone knows why people buy diamonds: romance, apology, timeless gifts, etc. But ask a random passerby “how to buy a diamond,” and you will likely get a stuttered incoherent statements like “Something to do with the 4 C’s…,” “I know a guy…,” “I have no idea…”  Why is this? Mainly people tend to fear what they do not know, or often worry about being taken advantage of by a cagey salesperson. This article outlines how to avoid this fear, and put yourself in the driver’s seat of diamond shopping.When you think about our new diamond, what is most important to you? Size? Quality? Shape? Unless your budget is limitless, compromises must often be made. After all, who would not want a four carat flawless diamond? So, breaking it down to the basics, what should you look for when choosing a diamond?The most important factor in both a diamond’s beauty and value is the CUT. This does not refer to the diamond’s shape. CUT is the proportions of the diamond (the human element). When a diamond is cut and polished to the highest standards, it will have more sparkle, look bigger, and be more valuable than a similar diamond that has not been as well-cut. This fact is indisputable in the diamond industry worldwide. Many brands claim their diamonds are more perfectly cut than others and there are varying degrees of truth behind them. So how is a diamond shopper supposed to sift through the massive amounts of advertising these brands throw at them? Brands often sell nice, quality products but usually at a price far above what similar (or sometimes better) products sell for. Because of this, it really does pay to do your homework and shop around. After all, if you do not shop with CUT in mind, you will not be getting a diamond that lives up to its full potential. The last thing you want is for your new diamond to merely look like a piece of glass. I recommend GIA graded diamonds with Excellent or Very Good cut grades.COLOR is the second of the “4 C’s” since most diamond shoppers want to avoid an off color or yellowish diamond. I recommend looking for a diamond at the top of the near colorless range (G – H-I). This color range makes for a nice, white diamond that, when cut correctly, will sparkle like crazy!CLARITY, the third of the “4 C’s,” describes the natural characteristics inside a diamond. The fewer inclusions, the more rare the diamond. To get the best bang for the buck, choose a SI1 or SI2 graded diamond as these diamonds usually have no eye-visible inclusions. Not only are they far less expensive than higher grades, but they look the same to the naked eye. Again, a diamond cut correctly hides inclusions better!CARAT WEIGHT, the fourth of the “4 C’s,” is what your diamond weighs on a scale. (It actually has nothing to do with the diamond’s size.) Not all one carat diamonds look the same size! Well-cut diamonds look much larger than poorly cut ones since all the weight is in the correct places, not hiding underneath.In conclusion, buying a diamond should not be a scary experience! It all comes down to picking a budget, deciding what is most important to you about your new diamond, and finding the right place to shop. Let me suggest Kruckemeyer and Cohn. Our store specializes in GIA Triple Excellent diamonds, the industry’s standard of excellence, the most important aspect of the diamond – the CUT. Good luck, and we look forward to seeing you soon!FacebookTwitterCopy LinkEmailSharelast_img read more

Press release: Three further batches of blood pressure and heart medication recalled from pharmacies

first_img Email [email protected] News centreMHRA10 South ColonnadeLondonE14 4PU Our priority as regulator is to make sure the medicines you and your family take are effective and acceptably safe. This recall shows we are continuing to investigate potential contamination of sartan containing medicines. There is no evidence at present that medicines containing NDMA, NDEA or NMBA have caused any harm to patients and this recall is a precautionary measure. Because of the risk associated with suddenly stopping high blood pressure medication, continue to take your medicines as prescribed by your doctor. Please speak to your doctor or pharmacist if you have any concerns about your medicine. Media enquiries Out of office hours: 07770 446 189 (17:00 – 08:30)center_img During office hours: 020 3080 7651 (08:30 – 17:00) Office hours are Monday to Friday, 8:30am to 5pm. For real-time updates including the latest press releases and news statements, see our Twitter channel at https://www.twitter.com/mhragovuk As a precautionary measure to protect public health, the Medicines and Healthcare products Regulatory Agency (MHRA) today recalled 3 batches of Losartan tablets due to contamination with the nitrosamine N-nitroso-N-methylamino butyric acid (NMBA). The affected batches can be viewed here.The recall is taking place as part of the continued investigation into potential nitrosamine contamination of sartan containing medicines, a class of medicine to treat blood pressure and heart attacks and heart failures.Currently there is no evidence that nitrosamine impurities can cause harm and patients are being advised to continue taking their medication.The investigation into possible contamination of sartan medicines began in 2018, after the nitrosamine N-nitrosodimethylamine (NDMA), was identified in valsartan manufactured at a facility based in China.Last year, the MHRA recalled batches of valsartan containing tablets to pharmacy level in July and November due to possible NDMA and N-nitrosodiethylamine (NDEA) contamination.In January and February 2019 the MHRA recalled batches of irbesartan containing tablets after testing revealed possible contamination with NDEA.The MHRA continues to monitor the situation in the UK and are comprehensively investigating the issue alongside the European Medicines Agency (EMA) and the European Directorate for the Quality of Medicines (EDQM).Bernadette Sinclair-Jenkins, MHRA’s Manager, Regulatory Assessment Unit of the Inspection, Enforcement and Standards Division, said:last_img read more

Sixty Six Bakery back in business after fire

first_imgA popular Ruislip Manor bakery is back open after “an unhappy Christmas with a lot of hard work”.The Sixty Six bakery caught fire on the evening of 23 December, damaging a third of the ground floor shop.But thanks to 14 firefighters and the “tireless work” of staff and family members, owner Simon Morris was able to re-open six days later.He said: “We had a very unhappy Christmas with a lot of hard work cleaning for 12-14 hours a day. We cleaned and we cleaned and we cleaned. An electrician came in on Boxing Day for four days to get us up and running.”Morris and his team ensured the shop was spotless, painted it, and took several trips to the local tip to clear the damage.He added: “We’ve had fantastic support from staff and lots of lovely comments from customers praising us for being back open so quickly with minimum disruption. Usually a fire like this would cause a business to close for two or three months.”London Fire Brigade confirmed that no-one was hurt in the blaze.Simon Morris has owned Sixty Six for 28 years. He took it over from his father, who bought the premises in 1972.last_img read more

Revealed: tips for growing your tea trade in 2019

first_imgWellness, sustainability and experience are top tea trends for the year ahead, according to a report commissioned by National Tea Day.Millennialshave made their mark and transformed the tea sector, said the report, which collated research from tea brands, consumers and venues.“Three definitive trends will shake up hospitality in 2019 as consumers seek out tea which has added health benefits, is sustainable and gives them an experience,” said Marco Geraghty, founder at National Tea Day, which takes place on 21 April.Half of tea brands surveyed said the demographic showing most growth was 24-to 35-year-olds, and that 69% of growth was from female tea drinkers.“The shift is led by Millennials who have a fundamental difference in their outlook on tea compared to their generational counterparts,” Geraghty added.ExperienceTea is no longer viewed as a routine beverage but instead as an experience, according to the report.Researchers found that 95% of London’s food and beverage leaders believed experience was key to remaining competitive, and where an experience was most prevalent was in afternoon tea.“The demand for innovation and differentiation is a key factor in why we are seeing such a modernist approach to afternoon tea services,” said Diaz Ayub, tea futurist at National Tea Day.“The afternoon tea dining experience is one of the most coveted and, thanks to its significant above-the-line media positioning, is a firm favourite amongst diners in Britain.”British Baker subscribers can read our report on the endless possibilities provided by afternoon tea here.WellnessEighty per cent of tea brands interviewed by National Tea Day said health and wellness teas were a growth area for them.Consumers said they were willing to pay around £5 for a speciality tea – more than double they would fork out for breakfast tea (£1.85) and herbal tea (£2.20).Andrew Byron at Teapigs said: “More consumers are looking for drinks that give them specific health benefits and demand for healthy green and herbal teas is growing.”He added that Teapigs had noticed popularity for its “feel good” tea range, as well its range of Matcha green tea.Sustainable and ethicalIt’s a bit of a no-brainer that sustainability made the top three, with retailers, bakery brands and manufacturers joining the UK Plastics Pact (organised by WRAP) among other schemes over the past year.“Not only is it important to be innovative among a growing population of environmentally aware and wellness focused consumers, venues must also demonstrate an ethically motivated culture,” the report said.Examples included Clipper Teas, which recently secured a listing on EasyJet flights after pledging to remove all traces of plastic, and conscientious tea brand Hope & Glory tea, which was built around sustainability and sources leaves solely from ethical growers they have met personally.last_img read more

Centuries of honor and prestige

first_img The color guard leads an alumni group of Medal of Honor recipients to Memorial Church where a private service was held in their honor. File photo by Stephanie Mitchell/Harvard Staff Photographer The 20th Massachusetts Volunteer Infantry, known as the “Harvard Regiment” for its large number of Harvard graduates during the Battle of Cold Harbor. Images courtesy of Harvard University Archives During WWII, the U.S. Army published weekly “Newsmaps” offering updates on the fighting on numerous fronts. To commemorate one of America’s oldest continued partnerships, the Harvard Library have curated “To Serve Better Thy Country,” an exhibit of the interwoven histories of the two storied institutions, assembling letters, photographs, and objects that show Harvard affiliates’ tradition of service from the earliest years of our country to today. Opening on Veterans Day, the exhibit is designed for both history buffs and curious greenhorns, distilling four centuries of activity into a narrative that is engaging without being overwhelming.“The story is not a straight line,” said Megan Sniffin-Marinoff, University archivist. “There are changes of relations with the military along the way, at times of both war and peace. The story does not necessarily break down neatly by time period or by the boundaries of an exhibition case. Figuring out how to break up that narrative to reflect what really happened is the great challenge in selecting items to put on display.”“To Serve Better Thy Country: Four Centuries of Harvard and the Military” is on view in the Lammot du Pont Copeland Gallery in Pusey Library, Harvard Yard, weekdays 9-5 p.m. Ensigns E. Schwerin, Norma Meyer, Olga Quadland, and Edith Paulsen study communication instruments at the Engineering School as part of the Women’s Reserve, known as Women Accepted for Volunteer Emergency Service. A hand-drawn map of Cold Harbor, near current-day Mechanicsville, Va., where Generals Grant and Lee clashed for one of the last times. Over 15,000 soldiers were killed during the two-week battle. A map of the Somme, charting the German retreat during the Hundred Days Offensive. Enter Harvard Yard from the main subway entrance and you’re likely to see the bright yellow Wadsworth House, where Gen. George Washington set up his first Massachusetts headquarters in July 1775. Just a few hundred feet north, in Massachusetts and Hollis halls, more than 1,000 Revolutionary soldiers were quartered as they trained for confrontations with the British infantry. At the time, the University had been relocated to Concord, but the students and alumni of Harvard were no strangers to military conflict. From King William’s War to the French and Indian War, Harvard students and faculty had given their lives for the burgeoning nation they called home.For almost 250 years, Harvard and the American military have worked side by side to build the United States into the global leader it is today, producing some of our greatest countrymen. From Theodore Roosevelt to E.E. Cummings to David Rockefeller, Harvard veterans were leaders and innovators who changed the world for the better as both soldiers and civilians. Radcliffe women proved their mettle as officers in the Navy Women’s Reserve, sustaining the country through World War II and laying the groundwork for future Harvard women to enlist in the University ROTCs. Today, Harvard is host to the full complement of ROTC branches, veteran student-scholars, and academic ties to diplomacy, defense, and technology. An air raid siren mounted to the roof of Widener Library, installed in 1942. The steeple of the Memorial Church is seen in the distance.last_img read more

Poland plans to speed up move to clean and nuclear energy

first_imgWARSAW, Poland (AP) — Poland’s government has adopted a plan to speed up the coal-reliant nation’s transformation to clean and nuclear energy. The Cabinet passed a resolution Tuesday that calls for Poland to obtain 23% of its energy from renewable sources by 2030, compared to some 13% now. The plan foresees an increase in wind energy, especially from farms on the Baltic Sea, and the opening of Poland’s first nuclear power plant in 2033. The move toward a zero-emissions energy policy is expected to produce some 300,000 jobs, according to the resolution released by Prime Minister Mateusz Morawiecki’s office.last_img

Jenkins, Thesing and DeLee reflect on religious life, vows

first_imgLast night at Legends of Notre Dame, University President Fr. John Jenkins sat on a panel with Mendoza College of Business Director of Finance and Administration Fr. Mark Thesing and Sister Lois DeLee, held in celebration of the “Year of the Consecrated Life.”Thesing, Jenkins and DeLee talked about their different experiences in adopting the consecrated life, the challenges in realizing the vows of poverty, chastity and obedience, what inspired them to take those vows and what they found most rewarding in leading a consecrated life.Jenkins said realizing this common goal of leading a meaningful life is an important, rewarding and emotional undertaking — particularly in light of a recent campus tragedy.“One of the things that’s clear to me now is that this desire to live a meaningful life has been fulfilled in abundance,” Jenkins said. “Last night — just an example, we had a memorial mass for Lisa Yang, who took her own life, and her family was there. We gave the family a diploma posthumously for Lisa. It was just a … I don’t need to say how much of an emotional time it was for them to try to come to terms to that. But to be a part of that and to try to help them to make sense of that is a great privilege, an undeserved privilege, to be part of such a meaningful time.”Thesing said while he started pursuing priesthood when he first visited Notre Dame, he did not begin to fully appreciate religious life until the middle of his formation.“Although I knew I wanted to be a priest, and I knew I wanted to pursue that, I wasn’t quite sure where and how that was going to be lived out,” Thesing said. “Now some 38 years after entering the seminary, I can’t imagine my life without it. I can’t imagine being a priest without having the support or the camaraderie and the community that community life offered.“Here I’m wearing my collar, and I’m representing something, so I’ve got to be careful about that. It’s a public life that we live and we have to be conscious about that. … I feel a little wiser now … but I also realize that I’m living here with a bunch of students or young men, and it’s about calling them to a higher life.”DeLee said she was not fully convinced she would accept the challenges of religious life, but after starting formation and eventually completing her time as a novitiate, she said she found joy in spreading [God’s] teaching to her students and embracing God’s will.“One of my greatest joys is being able to see how my life somehow touched their lives and brought them success or brought them love from God to make their life worthwhile,” DeLee said. “We all have relationships with the Lord. We are His servants. Let Him use us where He wants to take us and then know fear is useless. You just need trust and let God do His Work”Jenkins also said the greatest joy of the consecrated life is how he has been able to impact people’s lives.“The wonderful thing about this calling, and Sister [DeLee] spoke about this too with her, is that you’re invited into people’s life in a profound way,” he said. “You have the opportunity to do what you can. You always have this sense of not doing well enough, or you’re not doing as you should, but still you have that opportunity to comfort them in their sorrows, rejoice with them in their joys and help them find the Lord in an important way.”Tags: Fr. John Jenkins, Fr. Mark Thesing, religious life, Sister Lois DeLeelast_img read more

Mobile banking app helps in-branch onboarding

first_img 1SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Using the photo functionality on a mobile device has been found to improve the accuracy and customer experience for mobile account opening, thereby reducing new account opening abandonment. This same functionality can also improve the in-branch onboarding process.by: Ann Reichert, Senior Director of Marketing, MitekAccording to Accenture’s 2015 North America Consumer Digital Banking Survey, ATMs, online and mobile banking have reduced customer branch visits. But, that doesn’t mean the branch is obsolete. The same survey found that only 29 percent of consumers anticipate using the branch less in 2020. This means that 66 percent of consumers plan to use the branch in the future as often as they do today, or more.Financial institutions are struggling with how to interpret this mixed message from consumers. Strategic branch consolidation has been a common approach to this issue, but many banks are reluctant to do so because the branch has historically been where customers purchase banking products. For instance, Novantas found that consumers preferred to use the branch to open loan products (55%) and deposit products (45%). continue reading »last_img read more

There are two peoples

first_imgNo, I’m not talking about the enormous political divide. Nor am I speaking on racial tensions. These are both important issues which we need to find common ground. For today, let’s look at something else separating this country (and elsewhere). And I’m betting you never considered it before.Technology.This isn’t a discussion on the “haves” and “have-nots”. That’s another topic altogether. When I say technology, I mean who uses what and how. Which of these are typical web-connected devices for you? Check off from the following:DesktopLaptopSmartphoneTabletE-readerLiving room gaming systemBlu-ray playerSmart TVSet-top box (Apple TV, Chromecast, Roku, etc.)Sound barVirtual assistant (Amazon Echo – “Alexa”)Portable gaming systemHome automation devices (Smart lighting, thermostat, garage door opener, home security, etc.)Activity trackerCarOtherIf you’re on one side of the technology divide, you might have related to 4, maybe 5 of the items (or even fewer!). I engage with 12 of these items on a regular basis. And there are people far more connected than myself (we’re not even talking services right now). We connect with the world in a different way than those operating on a more “computer first” focus. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more