$50M worth of Brooklyn luxury deals inked last week

first_imgTagsbrooklynLuxury Real EstateResidential Real Estate The most expensive contract last week was a renovated Williamsburg townhouse at 202 North 8th Street. The five-bedroom property spans over 4,000 square feet with a rear garden and private outdoor terrace off the master bedroom. It was last asking $3.99 million.The second-priciest deal was a Greenpoint home at 115 Milton Street. The four-bedroom house is 3,720 square feet with features such as exposed brick and stained glass skylights. It went into contract asking $3.75 million.Of last week’s deals, 15 of the contracts were townhouses, while just four were condominiums. There were no contracts signed for co-op units. Once again, townhouses had a lower price per square foot on average and were the larger properties.The average price per square foot for townhouses last week was $838, compared to $1,543 for condos. The average size of a townhouse was nearly 3,250 square feet while the average condo was 1,820 square feet.For all 19 of the luxury contracts inked last week in the borough, the median asking price was about $2.5 million. The average days on market was 224, and the average listing discount was 3 percent.Contact Erin Hudson Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Email Address* Message*center_img Full Name* 115 Milton Street in Greenpoint that went into contract at $3.75 million (Compass) Brooklyn’s luxury market continued to see strong contract activity in the second week of December — and once again, townhouses were the top performers.Last week there were 19 deals inked at $2 million or more, worth a combined $50 million, according to Compass’ weekly luxury report. That wasn’t quite as strong as the prior week, which saw 26 deals signed for a total deal volume of $88 million, the second best week since the pandemic began in March.Read more$88M worth of Brooklyn luxury deals inked last weekBrooklyn sees $49M in luxury contracts signed during holiday weekBrooklyn’s luxury market has best week since before the pandemic Share via Shortlinklast_img read more

Beijing may have slowed housing bubble — for now

first_imgShare via Shortlink China’s domestic housing sector was entering bubble territory last summer. (Getty) The Chinese government’s recent efforts to temper unsustainable growth in the country’s housing market seem to be working, at least for now.The price of new homes in the country’s largest cities was up 3.7 percent year-over-year in December, the slowest rate of growth since 2016, according to the Financial Times.China’s domestic housing sector was entering bubble territory as of last summer. Buyers were more heavily leveraged than ever, homes were flying off the shelves, and investors had put $1.5 trillion into the market between June 2019 and 2020.That growth was slowed only temporarily by the coronavirus pandemic, and by the end of the year, the government stepped in.“The government doesn’t want property prices to keep rising and rising,” said a researcher at a government-run think tank, who called that “politically not acceptable.”In August, the government adopted tighter lending requirements for developers, including a 70 percent ceiling on liabilities to assets and a 100 percent cap of debt to equity. Developers also had to have enough cash on hand to meet their short-term obligations in full.Still, it’s unclear how effectively the market can be kept under control.Orient Capital Research’s Andrew Collier said the government is better at controlling credit today than 5 or 10 years ago, but that banks and non-traditional lenders had ways to “game the system.”The government has since targeted lenders, limiting loans to developers and allowing mortgages to make up only 32.5 percent of a bank’s outstanding credit.[Financial Times] — Dennis Lynch Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlinkcenter_img TagschinaHousing Marketlast_img read more

Continental rift to back-arc basin: Jurassic-Cretaceous stratigraphical and structural evolution of the Larsen Basin, Antarctic Peninsula

first_imgThe Larsen Basin developed in Jurassic times as a result of continental rifting during the early stages of Gondwana break‐up. Lower‐?Upper Jurassic non‐marine sedimentary and volcanic rocks constitute a syn‐rift megasequence recording initial largely amagmatic extension and subsequent widespread extension‐related silicic volcanism. A succeeding, Kimmeridgian–early Berriasian transgressive megasequence, consisting largely of anoxic‐dysoxic hemipelagic mudstones, is thought to have been deposited during a thermal subsidence phase when relative magmatic quiescence and peak Jurassic eustatic sea levels served to maximize sediment starvation. The fragmentary record for late Berriasian–Barremian times suggests that a ?regressive megasequence may have developed in the earlier part of this period, recording increased sediment yield to the Larsen Basin from the increasingly emergent Antarctic Peninsula arc. Subsequently, strata in the southern, but not the northern, part of the basin underwent relatively intense eastward‐verging deformation, possibly during the formation of a retro‐arc fold‐thrust belt. Where exposed, the lower part of the succeeding Aptian–Eocene megasequence consists of a deep‐marine clastic wedge deposited along the fault‐bounded western basin margin during a phase of arc uplift and related differential subsidence. Following partial basin inversion in Late Cretaceous times, regression took place as reduced basinal subsidence rates allowed shallow marine facies to prograde basinward.last_img read more

Seasonal and interannual variation in foraging range and habitat of macaroni penguins Eudyptes chrysolophus at South Georgia

first_imgIn marine ecosystems, characterisation of the foraging areas and habitats of predators is a key factor in interpreting their ecological role, We studied the foraging areas of the macaroni penguin Eudyptes chrysolophus at Bird Island, South Georgia, throughout the breeding seasons of 1999 to 2001 using satellite tracking. We investigated differences in foraging ranges and characteristics between different stages of the breeding season, between sexes, between years and between individuals, During incubation, on foraging trips of 10 to 26 d, both sexes travelled long distances from Bird Island (male average = 572 km; female average = 376 km) in a north-westerly direction towards the Maurice Ewing bank; some individuals, particularly males, travelled to forage in the Polar Frontal Zone. In contrast, during the chick-rearing period, both sexes mainly foraged relatively close (average 62 km) to South Georgia over the continental shelf. Foraging trip characteristics differed between males and females during chick rearing: females travelled further on average and on more direct trips. During chick rearing, males and females on longer foraging trips covered greater distances and travelled further from Bird Island, There were no interannual differences in characteristics of foraging trips, although sex differences in some parameters varied between years. The bearings of chick-rearing foraging trips were non-random and most were in a north-westerly direction, Variation, both intra- and inter-individual, in bearings of foraging trips was high. Travel speeds were slower during foraging trips in the chick-rearing period than during incubation, probably relating to the differences in distances travelled. The stage of the breeding season, associated constraints on the penguins at different stages, and sex were important in determining variation in foraging range and characteristics in macaroni penguins, but year and individual effects were relatively unimportant.last_img read more

Exploring the relationship between parental relatedness and male reproductive success in the Antarctic fur seal Arctocephalus gazella

first_imgRecent genetic studies of natural populations have shown that heterozygosity and other genetic estimates of parental relatedness correlate with a wide variety of fitness traits, from juvenile survival and parasite resistance to male reproductive success. Many of these traits involve health and survival, where the underlying mechanism may involve changes in the effectiveness of the immune system. However, for traits such as reproductive success, the likely mechanisms remain less obvious. In this paper, we examine the relationship between heterozygosity and a range of traits that contribute to male reproductive success, including time spent on territories and competitiveness. Our analysis is based on observational and genetic data from eight consecutive breeding seasons at a colony of the Antarctic fur seal. Arctocephalus gazella. Overall, male reproductive Success was found to correlate strongly with internal relatedness (IR, a form of heterozygosity). When different components of success were analyzed, we found that IR correlates independently with reproductive longevity, time spent ashore, and competitive ability per unit mating opportunity on the Study beach, with more heterozygous males being more successful. Behavioral observations were sufficiently detailed to allow examination of how daily mean IR values for males present on the beach varied within seasons and from year to year. Again, significant variation was found both among and within seasons, with more homozygous males appearing less able to hold territories in poor seasons when pup production is low and, within a season. at both the start of the season and to some extent around the peak of female estrus. Finally, we tested whether the benefits of high heterozygosity are due mainly to a genomewide effect (e.g. inbreeding depression) or to single locus heterosis by asking whether the relationship between IR and male success was robust to the removal of any single locus or to any pair of loci. Since the relationship remained significant in all cases, we favor a multilocus explanation for the effects we report.last_img read more

A new Eocene Araucaria from Seymour Island, Antarctica: evidence from growth form and bark morphology

first_imgAraucarian conifers are an important component of Cretaceous through Paleogene floras in the Antarctic Pensinsula. A well-preserved Eocene petrified trunk from Seymour Island, Antarctica reveals the growth form and bark morphology that, along with wood anatomical characteristics, places the tree within Araucaria. The tree was at least 14 m tall with a monopodial habit and horizontally wrinkled bark. Wood-decaying fungi colonized the trunk after it had fallen to the forest floor. The fungi invaded the trunk through the pith and initially along ray cells leaving strongly lignitized cells relatively intact. This indicates preferentially consumption of sugars suggesting these fungi formed the first stages of nutrient recycling within this Eocene ecosystem.last_img read more

New Quaternary sedimentary records from near the Larsen C and former Larsen B ice shelves; evidence for Holocene stability

first_imgGlacial and post-glacial shelf sedimentation near the Larsen C and former Larsen B ice shelves is compared to records from ice shelves farther north, which underwent mid-Holocene retreat. A core from Larsen C comprises a lower unit of deformation till, overlain by thick mud interpreted as water lain from suspension under the ice shelf. Iceberg-rafted debris occurs only in the top 50 cm, suggesting that prior to that layer’s deposition, the ice shelf had not receded past the site since the last deglaciation. Subsequently the site appears to have been seasonally ice free, and the ice shelf has retreated further and is now 15 km landward of the site. A core from Larsen B also consists of a lower unit, interpreted as sub-glacial lodgement till. The overlying mud is thinner, more poorly sorted, with evidence of powerful winnowing of sediments suggesting strong currents. The absence of iceberg-rafted debris implies that this site was covered by an ice shelf continuously from the last deglaciation until its collapse in 2002. Strong currents could have facilitated basal erosion, contributing to its collapse. The Larsen C shelf is also thinning and historical records show retreat in the last hundred years. With continued rising temperatures, Larsen C may eventually retreat to a point at which it collapses.last_img read more

Bryozoans of the Weddell Sea continental shelf, slope and abyss: did marine life colonize the Antarctic shelf from deep water, outlying islands or in situ refugia following glaciations?

first_imgAimAt the height of glaciations such as the Last Glacial Maximum (LGM), benthic life on polar continental shelves was bulldozed off nearly all of the Antarctic shelf by grounded ice sheets. The origins of the current shelf benthos have become a subject of considerable debate. There are several possible sources for the current Antarctic shelf fauna, the first of which is the continental slope and deep sea of the Southern Ocean. The high levels of reported eurybathy for many Antarctic species are taken as evidence supporting this. A second possible source for colonists is the southern margins of other continents. Finally, shelves could have been recolonized from refugia on the continental shelves or slopes around Antarctica. The current study investigates whether the patchily rich and abundant biota that now occurs on the Antarctic continental shelf recolonized from refugia in situ or elsewhere. LocationWeddell Sea, Antarctica. MethodsWe examined bryozoan samples of the BENDEX, ANDEEP III and SYSTCO expeditions, as well as the literature. Using similarity matrices (S circle divide rensen coefficient), we assessed similarities of benthos sampled from around Antarctica. By assessing numbers of species shared between differing depths and adjacent shelf areas, we evaluated the origins of cheilostome bryozoan communities. ResultsBryozoans decreased from 28, 6.5 and 0.3 colonies per trawl, and 0.16, 0.046 and 0.0026 colonies per cm2 of hard surface from shelf to slope to abyssal depths. We found little and no support for recolonization of the Weddell Sea shelf by bryozoans from the adjacent slope and abyss, in the scenario of LGM faunal wipe-out. The Weddell Sea shelf bryozoan fauna was considerably more similar to those on other Antarctic shelves than to that of the adjacent (Weddell Sea) continental slope. The known bryozoan fauna of the Weddell Sea shelf is not a subset of the Weddell Sea slope or abyssal faunas. Main conclusionsWe consider that the composition of the current Weddell Sea bryozoan fauna is most easily explained by in situ survival. Thus we consider that at least some of the Weddell Sea fauna persisted throughout the LGM, although not necessarily at the same locations throughout, to recolonize the large area currently occupied.last_img read more

Biogeochemical fluxes through microzooplankton

first_img[1] Microzooplankton ingest a significant fraction of primary production in the ocean and thus remineralize nutrients and stimulate regenerated primary production. We synthesized observations on microzooplankton carbon-specific grazing rate, partitioning of grazed material, respiration rate, microzooplankton biomass, microzooplankton-mediated phytoplankton mortality rate, and phytoplankton growth rate. We used these observations to parameterize and evaluate the microzooplankton compartment in a global biogeochemical model that represents five plankton functional types. Microzooplankton biomasses predicted in this simulation are closer to the independently derived evaluation data than in the previous model version. Most rates, including primary production, microzooplankton grazing, and export of sinking detritus are within observational constraints. However, the model underestimates microzooplankton and mesozooplankton biomasses and chlorophyll concentrations. Thus, we propose that sufficient carbon enters the model ecosystem, but insufficient carbon is retained. For microzooplankton, the low retention of carbon could be improved by parameterizing the model with ciliate gross growth efficiency only, indicating that ciliates may contribute more to microzooplankton activity than their biomass contribution suggests. By taking into account the model underestimation of biomass, we estimate that the ocean inventory of microzooplankton biomass is 0.24 Pg C (a range of 0.14-0.33 Pg C), which is similar to the biomass of mesozooplankton.last_img read more

Greenhouse gases in the earth system: a palaeoclimate perspective

first_imgWhile the trends in greenhouse gas concentrations in recent decades are clear, their significance is only revealed when viewed in the context of a longer time period. Fortunately, the air bubbles in polar ice cores provide an unusually direct method of determining the concentrations of stable gases over a period of (so far) 800 000 years. Measurements on different cores with varying characteristics, as well as an overlap of ice-core and atmospheric measurements covering the same time period, show that the ice-core record provides a faithful record of changing atmospheric composition. The mixing ratio of CO2 is now 30 per cent higher than any value observed in the ice-core record, while methane is more than double any observed value; the rate of change also appears extraordinary compared with natural changes. Before the period when anthropogenic changes have dominated, there are very interesting natural changes in concentration, particularly across glacial/interglacial cycles, and these can be used to understand feedbacks in the Earth system. The phasing of changes in temperature and CO2 across glacial/interglacial transitions is consistent with the idea that CO2 acts as an important amplifier of climate changes in the natural system. Even larger changes are inferred to have occurred in periods earlier than the ice cores cover, and these events might be used to constrain assessments of the way the Earth could respond to higher than present concentrations of CO2, and to a large release of carbon: however, more certainty about CO2 concentrations beyond the time period covered by ice cores is needed before such constraints can be fully realized.last_img read more