Compass to acquire Bold New York

first_img Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Tags Bold New YorkbreakingcompassJordan SachsResidential BrokeragesRobert Reffkin Share via Shortlink Message* Founded in 2012, Compass has become one of the biggest firms in New York City, with more than 2,100 agents. Nationally, the 18,000-agent firm closed $91.4 billion in 2019 sales, according to Real Trends.Compass did not immediately return a request for comment.Despite the strength of the U.S. housing market, New York has seen declining rents, record concessions and high vacancy. In January, Manhattan’s median rent dropped 16.6 percent year-over-year to $3,000, according to data from Miller Samuel. In Brooklyn, the 13.8 percent year-over-year drop to $2,472 was the largest decline since 2008.Rental brokers have also been squeezed by policy changes over the past couple of years, including New York’s overhaul of rent stabilization and last year’s ban on tenant-paid broker fees.Many agents have also been frustrated by daily fees to post rental listings on StreetEasy.Since 2018, Compass has aggressively ramped up growth by acquiring firms around the country. In New York it struck a deal in 2019 to buy Stribling & Associates, one of the city’s last independent firms with 270 agents.The brokerage industry has been consolidating over the past year. In January 2020 the Corcoran Group officially merged with sister company Citi Habitats. In June, Brown Harris Stevens merged with its sister company Halstead.Amid the pandemic, Compass has continued to add agents and make acquisitions, most recently striking a deal to buy title startup Modus.In January, Compass filed confidentially to go public. The SoftBank-backed firm, which has raised $1.5 billion from investors, was last valued at $6.4 billion after a July 2019 funding round.This story is breaking. Return to this page for updates.Contact E.B. Solomont Compass CEO Robert Reffkin and Bold CEO Jordan Sachs (Photos via Compass, Bold/Illustration by Kevin Rebong for The Real Deal)Compass is acquiring Bold New York, a 10-year-old brokerage with a robust portfolio of rental developments, The Real Deal has learned.The deal, announced by Bold at a town hall meeting Tuesday, will boost the venture-backed firm’s new development marketing division. Bold CEO Jordan Sachs could not immediately be reached for comment.With 120 agents, Bold punches above its weight with exclusives that include Metro Loft Management’s 20 Broad (533 units) and JDS Development Group’s American Copper (671 units). It is also marketing Greystar’s Hollingsworth, a 380-unit building on West 37th Street, and Slate Property Group’s 118-unit rental at 222 Johnson Avenue in Williamsburg.Read moreNYC rental agents divided on broker fee ban Compass files for IPO Compass to buy Stribling Full Name* Email Address*last_img read more

Polarization of radio waves in ice sheets

first_imgThe polarization behaviour of radio waves which have been transmitted and reflected at or near normal incidence in an ice sheet can be explained if the ice is assumed to be a uniaxial birefringent material. Equations are derived for describing the change in polarization for the experimental conditions usually encountered when sounding ice sheets. One of the initial unknowns which can be found is the direction of the effective optic axis which determines the basic reference frame. Other parameters which can be found and related to the physical nature of the ice and reflecting surface are the total phase shift between the ordinary and extraordinary rays and their relative amplitude. The operation of several different types of polarimeter is discussed in order to compare the amount and the quality of information which can be obtained for various degrees of complexity in equipment and technique.last_img read more

Monitoring spatial and temporal variations in the dayside plasmasphere using geomagnetic field line resonances

first_imgIt is well known that the resonant frequency of geomagnetic field lines is determined by the magnetic field and plasma density. We used cross-phase and related methods to determine the field line resonance frequency across 2.4≤ read more

Arctic and Antarctic polar winter NOx and energetic particle precipitation in 2002-2006

first_imgWe report GOMOS nighttime observations of middle atmosphere NO2 and O-3 profiles during eight recent polar winters in the Arctic and Antarctic. The NO2 measurements are used to study the effects of energetic particle precipitation and further downward transport of polar NOx. During seven of the eight observed winters NOx enhancements occur in good correlation with levels of enhanced high-energy particle precipitation and/or geomagnetic activity as indicated by the Ap index. We find a nearly linear relationship between the average winter time Ap index and upper stratospheric polar winter NO2 column density in both hemispheres. In the Arctic winter 2005 – 2006 the NOx enhancement is higher than expected from the geomagnetic conditions, indicating the importance of changing meteorological conditions.last_img read more

Zircon U-Pb dating of Mesozoic volcanic and tectonic events in northwest Palmer Land and southwest Graham Land, Antarctica

first_imgNew whole rock Rb-Sr and zircon U-Pb geochronological data and Sm-Nd isotopic data are presented from the central magmatic arc domain of the Antarctic Peninsula in the area of northwest Palmer Land and southwest Graham Land, Rb-Sr isochrons indicate an age of 169±6 Ma for basement orthogneisses and 132±9 to 71±9 Ma for plutons. A U-Pb age of 183 ± 2.1 Ma, with no detectable inheritance, on zircons from an orthogneiss from Cape Berteaux provides the first reliable age for the orthogneisses, which are interpreted as metamorphosed silicic volcanic rocks, and Sm-Nd data indicate derivation in a mature volcanic arc. The age indicates they may be correlatives of the Jurassic ‘Chon Aike’ volcanism of the eastern Antarctic Peninsula. A U-Pb zircon age of 107 ± 1.7 Ma on a terrestrial volcanic sequence overlying an uncomformity strongly suggests a mid-Cretaceous age for the extensive volcanic cover of northwest Palmer Land that was previously thought to be Jurassic. The unconformity is interpreted to have been a result of compressional uplift related to the Palmer Land event. This is the first date for the event in the western part of the central magmatic arc terrane of the Antarctic Peninsula.last_img read more

Cenozoic tectonic history of the South Georgia microcontinent and potential as a barrier to Pacific-Atlantic through flow

first_imgCenozoic opening of the central Scotia Sea involved the tectonic translation of crustal blocks to form the North Scotia Ridge, which today is a major topographic constriction to the flow of the deep Antarctic Circumpolar Current that keeps Antarctica thermally isolated from warmer ocean waters. How this ridge developed and whether it was a topographic barrier in the past are unknown. To address this we investigated the Cenozoic history of the South Georgia microcontinental block, the exposed part of the ridge. Detrital zircon U-Pb geochronology data confirm that the Cretaceous succession of turbidites exposed on South Georgia was stratigraphically connected to the Rocas Verdes backarc basin, part of the South America plate. Apatite thermochronometry results show that South Georgia had remained connected to South America until ca. 45–40 Ma; both record a distinct rapid cooling event at that time. Subsequent separation from South America was accompanied by kilometer-scale reburial until inversion ca. 10 Ma, coeval with the cessation of spreading at the West Scotia Ridge and collision between the South Georgia block and the Northeast Georgia Rise. Our results show that the South Georgia microcontinental block could not have been an emergent feature from ca. 40 Ma until 10 Ma.last_img read more

Fungal diversity present on rocks from a polar desert in continental Antarctica assessed using DNA metabarcoding.

first_imgWe evaluated the fungal diversity associated with carbonate veins and two types of salt encrustation in rocks in a polar desert region of continental Antarctica using DNA a metabarcoding approach. We detected 262,268 reads grouped into 517 amplicon sequence variants (ASVs) assigned to the phyla Ascomycota, Basidiomycota, Mortierellomycota and Mucoromycota. Fourteen ASVs belonging to the genera Trichosporon, Mortierella, Penicillium, Aspergillus, Cladosporium, Coprinellus, Pleurotus and Pseudogymnoascus were assessed to be dominant taxa. The fungal communities of the three habitats sampled displayed high diversity indices when compared with other habitats of Antarctica, although differing in detail, with the highest diversity indices in the gypsum crust type 2. Only 48 of the 517 ASVs (9.28%) were detected in all three habitats, including dominant, intermediate and minor components. In contrast with previous studies of fungal communities living in the ultra-extreme conditions of continental Antarctica, application of metabarcoding revealed the DNA of a rich and complex resident fungal community. The ASVs detected included fungi with different ecological roles, with xerophilic, human- and animal-associated, phytopathogenic, saprotrophic, mutualistic, psychrotolerant and cosmopolitan taxa. This sequence diversity may be the result of deposition of fungal propagules over time driven by air currents, precipitation or human activities in the region.last_img read more

Scoreboard roundup — 6/19/18

first_img Beau Lund FacebookTwitterLinkedInEmailiStock/Thinkstock(NEW YORK) — Here are the scores from Tuesday’s sports events:INTERLEAGUEWashington 9, Baltimore 7Atlanta 11, Toronto 4Cincinnati 9, Detroit 5L.A. Angels 5, Arizona 4Oakland 4, San Diego 2, 10 InningsAMERICAN LEAGUEN.Y. Yankees 7, Seattle 2Cleveland 6, Chicago White Sox 3Minnesota 6, Boston 2Tampa Bay 2, Houston 1Texas 4, Kansas City 1NATIONAL LEAGUEL.A. Dodgers 4, Chicago Cubs 3Milwaukee 3, Pittsburgh 2St. Louis 7, Philadelphia 6Chicago Cubs 2, L.A. Dodgers 1, 10 InningsColorado 10, N.Y. Mets 8San Francisco 6, Miami 3WOMEN’S NATIONAL BASKETBALL ASSOCIATIONN.Y. Liberty 79, Atlanta 72Washington 88, Chicago 60Minnesota 91, Dallas 83Las Vegas 89, Seattle 77L.A. Sparks 74, Indiana 55Copyright © 2018, ABC Radio. All rights reserved. June 20, 2018 /Sports News – National Scoreboard roundup — 6/19/18center_img Written bylast_img read more

Hermans wins at Powder Mountain to take Tour of Utah lead

first_img Written by FacebookTwitterLinkedInEmailEDEN, Utah (AP) — Ben Hermans rode clear of the shattered peloton near the summit of Powder Mountain on Wednesday to win the queen stage of the Tour of Utah and assume the overall race lead.The runner-up a year ago, Hermans crossed the line 22 seconds ahead of James Piccoli, with Niklas Eg another 13 seconds adrift. Peter Stetina and Joe Dombrowski, who did the early animating on the climb to the summit, rounded out the top five in a brutally hard 84-mile stage from Brigham City.Hermans made the winning move about 2 miles from the top, when he dropped Piccoli and pushed ahead on his own. That left him with a 26-second advantage over the Elevate-KHS rider in the overall standingsThe stage Thursday takes riders 86 miles from Antelope State Park to North Salt Lake. It offers rolling terrain with three punchy climbs toward the finish that could reward a breakaway rider. Associated Press August 14, 2019 /Sports News – Local Hermans wins at Powder Mountain to take Tour of Utah lead Tags: Ben Hermans/Tour of Utahlast_img read more

Serena Williams outburst at 2018 US Open Women’s Final explored in new ESPN series ‘Backstory’

first_imgAugust 16, 2019 /Sports News – National Serena Williams outburst at 2018 US Open Women’s Final explored in new ESPN series ‘Backstory’ Written by FacebookTwitterLinkedInEmailScott Clarke / ESPN Images(NEW YORK) — Twenty-year-old Naomi Osaka faced her childhood hero Serena Williams in the 2018 U.S. Open Women’s Final and won, becoming the first Japanese woman to win a Grand Slam title in a match that many thought would go to Williams.Her triumph, however, was marred by arguments between Williams and the match’s umpire, Carlos Ramos, sparking a controversy that would have the world talking about tennis for weeks.As part of the new ESPN series Backstory, Pulitzer Prize-winning journalist Don Van Natta peeled back the layers of the event and delved into the lives of both Williams and Ramos to understand how the two came together for one of the most divisive moments in recent tennis history during one of the world’s most celebrated finals in sports.Ramos was only 16 when he began working as a chair umpire in Portugal. One of his friends told Van Natta that Ramos was so focused that he would treat satellite events as if they were the Wimbledon final. But Ramos had big dreams of one day becoming a world-class umpire, a goal that he said would allow him to see the world, Van Natta said.Williams and her sister, Venus Williams, meanwhile, would rise out of Compton, Calif., to become two of the biggest sports stars in the world by dominating a sport played mostly by white athletes.With her fierce will to win, Williams did not get to the top without shaking things up. In May 2018, for example, she received criticism for wearing a so-called “catsuit” bodysuit to the French Open. She said the suit was designed to prevent blood clots since she had given birth a few months earlier. French Open President Bernard Giudicelli later said the suit “would no longer be accepted” and that players in future tournaments would have to dress more conservatively.The heated dispute between Ramos and Williams, who was vying for a record-tying 24th Grand Slam singles title, began when Williams was losing to Osaka two games into the second set after Ramos said he witnessed a code violation for coaching — Williams’ coach, Patrick Mouratoglou, had given her a thumbs up — and gave Williams a warning.“If he gives me a thumbs-up, he is telling me to come on,” Williams told Ramos at the time. “We don’t have any code and I know you don’t know that, and [I] understand why you may have thought that that was coaching, but it is not. I don’t cheat to win; I would rather lose. I am just letting you know.”Retired tennis champion Chrissie Evert told Van Natta that Mouratoglou, who has coached Williams for seven years, “is not known to be one of those coaches who coaches all the time and Serena never looks at her box. She…figures it out herself.”From that moment, the tension between Williams and Ramos would escalate. Williams accused Ramos of questioning her integrity and punishing her more harshly than male players. “I have a daughter and I stand for what’s right,” she told him. “I have never cheated.”A second violation, costing her a point, came after the fifth game of the second set when she slammed a broken racket to the ground in frustration. After repeatedly demanding that Ramos apologize, she received her third violation for what Ramos called “verbal abuse” — a game penalty — after she called him a “thief.”“You stole a point from me,” she said. “You’re a thief, too.”Although Williams would go on to win the next game in an excellent display of tennis, Osaka would finish her off in the ensuing match, winning the set and the title.Mouratoglou told Van Natta that it was the first time he had ever sent a signal to Williams and that he did it “because it felt like it was an important moment.”“It was probably one of the biggest moments of her career,” Mouratoglou told Van Natta. “She’s in a Grand Slam final to equal the record of all time and she’s losing, and she’s — I [felt] at that moment — she’s lost on the court. So, I tried to help her. That’s my job.”Yet, even though the incident was a setback for Williams, Mouratoglou said that it was a “fantastic” moment for tennis.“It’s unbelievable. That was the best moment of tennis [in the] last 10 years,” he told Van Natta. “We don’t have any drama in tennis. We have drama in all other sports, but not tennis.”Williams gave Osaka a congratulatory hug following the match, but as the crowd booed, Osaka sat down and cried.“I was down on the court because I was supposed to present the trophy to the winner,” Evert told Van Natta. “The floor was shaking, the roof was shaking, the boos were thundering. I could not hear a thing.”Williams continues to deny that there was a clear coaching violation or that she ever lost control of her emotions, Van Natta said. In a press conference following the match, she said, “The fact that I have to go through this is just an example for the next person that has emotions and that wants to express themselves…they want to be a strong woman and they are going to be allowed to do that because of today.”Copyright © 2019, ABC Radio. All rights reserved.center_img Beau Lundlast_img read more