Blackstone to acquire life-sciences portfolio for $3.45B

first_imgTagsBlackstone Groupbrookfield asset managementCommercial Real EstateOffice Leasingoffice market The life-sciences sector has been one of the few bright spots for commercial real estate in the pandemic, as most office workers and would-be travelers continue to stay home. Life-sciences jobs often require special equipment and infrastructure, making it harder to work remotely.“You can’t create a new drug from your living room or kitchen. You need to be in physical lab space,” Nadeem Meghji, Blackstone’s head of real estate for the Americas, told the newspaper.Prior to the Cambridge deal, Blackstone recapitalized BioMed Realty, the largest private owner of life-sciences property in the U.S., for $14.6 billion. The firm is also close to acquiring another two life-science buildings in the Boston-Cambridge market for $1 billion, according to people familiar with the matter, the Journal reported.Even before the health crisis, Blackstone was one of the world’s leading investors in life-sciences real estate.“The pandemic has only amplified the need for vital drug discovery and shined a light on the importance of innovation in life sciences,” Meghji said. [WSJ] — Akiko Matsuda Staying ahead on the life science leasing curveLife sciences deal is Washington state’s largest sale everLife-sciences sector proves safe haven for landlords Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlinkcenter_img Share via Shortlink Blackstone’s Nadeem Meghji (Blackstone, iStock)Blackstone Group has agreed to pay Brookfield Asset Management $3.45 billion for a life-sciences real estate portfolio located mostly in the Cambridge, Massachusetts, market.The 2.3-million-square-foot portfolio of lab buildings is centered on a 30-acre campus next to Massachusetts Institute of Technology. More than 95 percent of the portfolio is leased thanks to strong demand from pharmaceutical and other life-sciences companies that want to be close to MIT students, the Wall Street Journal reported.Read morelast_img read more


Optimization of phenol degradation by Antarctic bacterium Rhodococcus sp.

first_imgThis study focused on the ability of the Antarctic bacterium Rhodococcus sp. strain AQ5-14 to survive exposure to and to degrade high concentrations of phenol at 0.5 g l-1. After initial evaluation of phenol-degrading performance, the effects of salinity, pH and temperature on the rate of phenol degradation were examined. The optimum conditions for phenol degradation were pH 7 and 0.4 g l-1 NaCl at a temperature of 25°C (83.90%). An analysis using response surface methodology (RSM) and the Plackett-Burman design identified salinity, pH and temperature as three statistically significant factors influencing phenol degradation. The maximum bacterial growth was observed (optical density at 600 nm = 0.455), with medium conditions of pH 6.5, 22.5°C and 0.47 g l-1 NaCl in the central composite design of the RSM experiments enhancing phenol degradation to 99.10%. A central composite design was then used to examine the interactions among these three variables and to determine their optimal levels. There was excellent agreement (R2 = 0.9785) between experimental and predicted values, with less strong but still good agreement (R2 = 0.8376) between the predicted model values and those obtained experimentally under optimized conditions. Rhodococcus sp. strain AQ5-14 has excellent potential for the bioremediation of phenol.last_img read more


Ingalls Shipbuilding Secures $2.38 Bln Contract from U.S. Navy

first_img View post tag: Naval June 1, 2012 View post tag: Huntington View post tag: Ingalls Shipbuilding View post tag: $2.38 View post tag: bln View post tag: secures Share this article Industry news View post tag: News by topic View post tag: Navy Ingalls Shipbuilding Secures $2.38 Bln Contract from U.S. Navy Back to overview,Home naval-today Ingalls Shipbuilding Secures $2.38 Bln Contract from U.S. Navy View post tag: U.S. View post tag: from View post tag: contract On May 31 the U.S. Navy awarded Huntington Ingalls Industries a $2.38 billion fixed-price-incentive contract for the detail design and construction of the multipurpose amphibious assault ship Tripoli (LHA 7). The ship will be built at the company’s Ingalls Shipbuilding division.“Large-deck amphibious ship construction is an important component of our business plan, and we are pleased to have reached agreement with the Navy on this contract,” said Ingalls Shipbuilding President Irwin F. Edenzon. “We are also pleased to continue providing such an important asset to the sailors and Marines who are being called on to perform an ever-increasing list of tough missions. Ingalls shipbuilders understand the importance of building these ships safely and efficiently while all the while focusing on delivering a quality product. LHA 7 will be a great ship built by great shipbuilders.”LHA 7 and LHA 6 are the first two ships in the new America class of amphibious assault ships. Tripoli will be 844 feet long and 106 feet wide and will displace 44,971 long tons. The fuel-efficient gas turbine propulsion system will drive the ships in excess of 20 knots. She will accommodate 1,059 crew (65 officers) and 1,687 troops. She will be capable of carrying a Marine Expeditionary Unit, including Marine helicopters, MV‐22 Osprey tiltrotor aircraft and F‐35B Joint Strike Fighter (JSF) aircraft. Carrying a complement of F‐35s allows her to serve the role of a small aircraft carrier, as demonstrated by LHD‐class ship operations in Operation Iraqi Freedom.“We have an excellent build plan in place for LHA 7, and we will continue to develop fresh ideas through the knowledge and experience our shipbuilders have in large-deck construction,” said Brian Cuccias, Ingalls’ vice president, large deck amphibious ships. “The multi-mission capability of these ships has been proven in the fleet, and LHA 7 will further the technological advancements set forth by previous ships.”Like the future USS America (LHA 6), LHA 7 has an increased aviation capacity to include an enlarged hangar deck, realignment and expansion of the aviation maintenance facilities, a significant increase in available stowage for parts and support equipment, and increased aviation fuel capacity. Similar to its predecessors, the ship will be able to operate as the flagship for an Expeditionary Strike Group. Ingalls has built five Tarawa (LHA 1) class ships as well as eight Wasp (LHD 1) class ships. The first of the America class (LHA 6) is currently under construction and is scheduled to launch in June.Tripoli will be the third ship to bear the name which commemorates the capture of Derna in 1805 by a small force of U.S. Marines and approximately 370 soldiers from 11 other nations. The battle, memorialized in the Marines’ Hymn with the line “to the shores of Tripoli” brought about a successful conclusion to the combined operations of the First Barbary War.[mappress]Naval Today Staff, June 1, 2012; Image: Ingalls Shipbuildinglast_img read more


Oxford hit by mumps outbreak

first_imgCorpus Christi, Brasenose and LMH have all issued emails warning students of a mumps outbreak amongst the student population. “Apply warm or cold packs to the parotid gland as it may ease discomfort. Do not attend tutorials, lectures or interact with other students for 5 days after the initial development of parotitis (inflammation of a parotid gland). If you are able to go home it would be advisable to do so.” “We will make appropriate arrangements with the kitchen for food to be taken to such students’ accommodation rather than hall.” “Other symptoms of mumps include headaches, joint pain and a high temperature, which may develop a few days before the swelling of the parotid glands.” Corpus Christi quoted the diagnosis of mumps from the NHS website as follows: “Mumps is a contagious viral infection. It is most recognisable by the painful swellings at the side of the face under the ears (the parotid glands), giving a person with mumps a distinctive “hamster face” appearance. LMH similarly warned students: “There has been reported cases of mumps in college. Mumps is a contagious viral illness which is troublesome to students particularly at exam time.” The email further advises students to “See the College Doctor (but inform the receptionist that you think you have mumps so they are aware prior to your arrival at the surgery) or contact the College Nurse. “Rest, drink adequate fluids, and take paracetamol or ibuprofen for symptomatic relief. Cherwell also understands that cases of mumps have been reported at Univ, Oriel, Hertford, and Queen’s. Oxford was previously affected by a mumps outbreak at University College in October 2018. In May 2017, an outbreak of mumps occurred in colleges across the University, causing disruption to exams and sports fixtures. At the time, Cherwell reported that as many as several dozen students were affected across the University, including major outbreaks at Exeter, Corpus Christi, and St Anne’s. The email from Corpus also reminded students that: “Mumps is usually a self-limiting condition. It will usually resolve over 1–2 weeks, with no long-term consequences and antibiotic treatment is not required.” Many students will already be vaccinated against mumps, since the MMR (measles, mumps and Rubella) vaccine is part of the routine NHS childhood vaccination schedule. After both doses of this are given, the vaccine provides 95% protection against mumps. Most people who have been infected by the mumps virus will develop a life-long immunity to further infection. In an email addressed to “all students and tutors”, Corpus Christi’s Welfare Dean and College Nurse wrote that: “A number of students have been diagnosed with mumps so we thought it important to send out a message advising students what they need to look out for and what to do if they think they have mumps and advising tutors that mumps is circulating amongst the student body.” Mumps is an airborne virus transmitted through coughing or sneezing, and is easily spread through infected droplets of saliva that can be inhaled or picked up from surfaces, hence the need for students with the illness to be quarantined in their rooms or go home. In serious cases, it can cause deafness and meningitis. Brasenose’s domestic Bursar Grahame Smith similarly told students: “Given the infectious nature of mumps we will be following the advice of the College nurse, and request that any infected student is placed in effective “quarantine”. If you are worried that you might have contracted mumps contact your GP for advice.last_img read more


Adults see minimum wage increased

first_imgNew National Minimum Wage (NMW) rates have been announced by the government, after it accepted recommendations from the independent Low Pay Commission (LPC).Effective from 1 October 2012, the adult rate (21 years old and over) will increase by 11p to £6.19 an hour. The rates for apprentices have also increased, by 5p, to £2.65 an hour.Eighteen to 20-year-olds will remain at £4.98 an hour, and 16- to 17-year-olds will remain at £3.68 an hour.Vince Cable, business secretary, said: “I believe that the recommendations of the LPC strike the right balance between pay and jobs, and have therefore accepted all the rate recommendations. The LPC has done a good job in difficult circumstances.“In these tough times, freezing the youth rates has been a very hard decision – but raising the youth rates would have been of little value to young people if it meant it was harder for them to get a job in the long run.”last_img read more


News story: DASA Christmas hours

first_imgThe DASA help line will be closed on the afternoon of Thursday 20 December 2018 until Thursday 3 January 2019.You will be able to send in an email to [email protected] but no response will be provided until the 3rd January.We wish you all a Merry Christmas and a Happy New Year.last_img


Campus dining to reopen dining halls for indoor seating

first_imgFollowing an extended closure of indoor seating in the dining halls due to COVID-19, dine-in seating in North and South Dining Halls will reopen Oct. 5. As colder weather is expected to limit outdoor dining options, Campus Dining, along with other working groups, made the decision to reactivate the dining halls. “As our weather changes, [we want] to provide a facility to be able to dine in and also be somewhat secure from the elements,” campus dining director Chris Abayasinghe said. While dine-in seating will be available, students will continue to be able to take their meals to go. Abayasinghe said the dining halls will be configured so there is still adequate spacing for students to queue while waiting for food. “[At North] we’re going to reconfigure the area where you might pick up your beverages into seating, and then of course you have the additional landings that we will reactivate,” he said. “At South, we will reactivate East Wing and West Wing.” Abayasinghe estimates that South Dining Hall will be able to hold around 500 students at any time, while North Dining Hall’s capacity will be approximately 400 students. All students will be seated at least six feet apart from each other, and plexiglass shields will separate diners in accordance with St. Joseph County guidelines. Protocols will also be in place to sanitize the dining areas.“We are really focused … on our continued cleaning and disinfection protocols because that will also be in tandem with this,” Abayasinghe said. Ryan Peters | The Observer South Quad recently received chairs and fire pits at which students may gather.Devon Sanchez-Ossorio, assistant director for events and services, said in an email that the popularity of Library Lawn pushed the Student Activities Office (SAO) and the wide variety of units who collaborated on Library Lawn to add additional gathering spaces.“The Library Lawn has been so well received by students that we initially expanded it to include the area west of Hesburgh Library, adding additional chairs, fire pits, and lights. Given the interest we have seen from students in these spaces, we decided to move forward with introducing an additional inviting outdoor space to [South Quad] while the weather is still nice,” Sanchez-Ossorio said. Sanchez-Ossorio said there are currently no plans to create any more gathering areas, but SAO is open to feedback.   “While we do not currently have any plans to expand to additional areas on campus, we remain receptive to student feedback and look forward to seeing the impact these existing spaces have on our campus community,” Sanchez-Ossorio said.Tags: Campus DIning, North Dining Hall, SAO, South Dining Hall, South Quad Courtesy of Chris Abayasinghe Plexiglass shields will separate diners in order to reduce potential virus transmission.Campus Dining collaborated with Student Affairs, the local health department and others to plan for how to provide safe indoor seating. Abayasinghe said he received a lot of student feedback that sparked the discussion about how to adapt to the colder conditions.“Our students love to provide feedback. So for many students, especially over the last week or so as the weather started to turn, this became the most frequently used topic,” he said. “Additionally, with the engagement that my department has with Student Government and student leadership as well, there has been encouragement for us to move forward on this conversation.”The University also expects indoor dining spaces in LaFortune and Duncan Student Centers to reopen Nov. 1. Dining spaces will be open on the first two floors of Duncan while LaFortune will have seating on all floors. Abayasinghe added that the Nov. 1 target date is tentative as the University continues to monitor COVID-19 data on campus. Additionally, Campus Dining is working on providing conditioning in the tents in order to provide comfortable seating in the spaces already adapted to the health guidelines.The announcement of available indoor seating comes as the University attempts to provide dining and gathering spaces that follow local health guidelines. Recently, South Quad and the area west of Hesburgh Library received chairs and fire pits. last_img read more


Randolph Man Charged With Producing Child Pornography

first_imgStock Image.RANDOLPH — A Randolph man faces up to 30 years in prison after he was charged with production of child pornography, according to U.S. Attorney James P. Kennedy Jr.Alexander Carnahan, 27, was arrested and charged by criminal complaint with production of child pornography. The charge carries a mandatory minimum penalty of 15 years in prison, a maximum of 30 years, and a $250,000 fine.Assistant U.S. Attorneys Charles M. Kruly and Elizabeth R. Moellering, who are handling the case, said that according to the complaint, on June 9, the Jamestown Police Department responded to a residence for a report of alleged child sexual abuse involving an 11 year-old. The victim’s mother advised officers that another one of her children gave her a cell phone belonging to the defendant, who was staying with the family, and told her that there were nude images of the victim on the phone. The victim’s mother searched the phone and found what she believed to be nude images of the victim. The mother then kicked Carnahan out of the family residence.On June 16, Jamestown Police Officers executed a state search warrant on the defendant’s phone but did not locate any images or videos depicting child pornography. On June 17, a federal search warrant was executed on the defendant’s Google account. Investigators recovered several images and videos that appeared to match descriptions provided by the victim’s mother. The investigation determined that the defendant transferred the images and videos from his phone to his Google account. Investigators also recovered child pornography images that Carnahan did not produce himself. On August 13, a search warrant was executed at the defendant’s current residence in Randolph. A second warrant authorized photographs of Carnahan’s hands to determine whether his hands matched a hand seen in the images of child pornography recovered by investigators.The complaint is the result of an investigation by the Federal Bureau of Investigation, under the direction of Special Agent-in-Charge Stephen Belongia, and the Jamestown Police Department, under the direction of Acting Chief Timothy Jackson. Share:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to email this to a friend (Opens in new window)last_img read more


Leading Swedish pension fund to stop investing in fossil fuels

first_imgLeading Swedish pension fund to stop investing in fossil fuels FacebookTwitterLinkedInEmailPrint分享CNBC:A major Swedish pension fund announced that it will “no longer invest in fossil fuels.” Första AP-fonden (AP1), which is one of five pension funds in the country’s national income pension system, outlined the reasons for its decision in a statement issued Monday. The Stockholm-based fund explained that the move toward a low-carbon economy less reliant on fossil fuels represented “a substantial uncertainty for companies involved in coal, oil and natural gas activities.”It added that “continued investments related to these activities can increase the financial risk exposure of the fund” and said its decision was one measure being taken to manage the fund’s “climate risk exposure.”As of December 31, 2019, AP1 had 366 billion Swedish krona (around $36.82 billion) of assets under management.On Monday, the fund’s chairman, Urban Hansson Brusewitz, described divesting from fossil fuels as “an efficient way for the fund to manage the financial risk associated with a transition in line with the Paris agreement.”He went on to state that AP1 had “decided to develop a roadmap and measurable targets towards reaching a carbon neutral portfolio by 2050.” This week’s announcement comes after AP1 decided to stop investing in firms involved with oil sands and thermal coal in late 2018. The newly announced decision to divest from all fossil fuels was taken by the fund’s board of directors in December 2019.[Anmar Frangoul]More: Swedish pension fund with billions of assets under management to stop fossil fuel investmentslast_img read more


In Memoriam

first_imgIn Memoriam April 15, 2003 Regular News Peter Joseph Giacoma, Jr., Plantation Admitted 1980; Died January 17, 2003 Bruce Roger Lieberman, Delray Beach Admitted 1997; Died July 21, 2002 Felix Rivera Lujan, San Juan, PR Admitted 1952; Died October 6, 2000 L. Thomas McAnnally, Green Cove Springs Admitted 1971; Died October 13, 2002 Jerry R. Parker, Tampa Admitted 1972; Died January 11, 2003 David F. Patterson, St. Petersburg Admitted 1964; Died December 6, 2002 Raymond L. Potts, Orlando Admitted 1994; Died August 27, 2001 Albert Nissen Proujansky, Boynton Beach Admitted 1983; Died December 21, 2002 Jeffrey W. Reinen, Brookfield, CT Admitted 1975; Died Novebmer 22, 2000 Fred Marshall Spitz, Miami Admitted 1969; Died August 29, 2002 Luther M. Taylor, Palm Beach Gardens Admitted 1964; Died December 12, 2002 Thomas Finley Woods, Tallahassee Admitted 1963; Died August 13, 2000last_img read more