Sale of Underground Railroad site to city caps off “financial disaster”

first_img Share via Shortlink Full Name* 227 Duffield Street in Brooklyn (Google Maps)The de Blasio administration has purchased an abolitionist’s home in Downtown Brooklyn that recently received landmark status — ending a controversial developer’s plans for the site.On Monday, Mayor Bill de Blasio’s wife Chirlane McCray announced the city purchased 227 Duffield Street for $3.2 million. The circa-1850 building is believed to have ties to the Underground Railroad, and while plans for the site are unclear, McCray stated that the purchase ensures the property “will be protected and celebrated for a very long time to come.”The acquisition came just a month after the Landmarks Preservation Commission gave the building historic status — which years ago it had refused to do.The designation made the property impossible to develop, according to an attorney for the site’s previous owner, Brooklyn developer Samiel Hanasab.The lawyer, Garfield Heslop, said the project’s landmark status prevented Hanasab from moving forward plans to demolish the property and build a 13-story mixed-use development — hence the sale to the city. In total, Heslop claims that Hanasab lost over $3 million.“It was a financial disaster,” Heslop said.How 227 Duffield Street came to be owned by Hanasab is not a simple story. For decades it was reportedly owned by the family of Joy Chatel, a community activist known as Mama Joy. In 2004 she signed the deed over to her mother, Arnelda Monroe, who sold half of her ownership to investor Errol Bartholomew a year later.In 2015 Hanasab paid $439,000 for Bartholomew’s stake. In 2017, the developer acquired the remaining 50 percent from Monroe for $149,000, according to property records.The total, $588,000, may sound like a steal for Downtown Brooklyn real estate with development potential.But Hanasab’s lawyer Garfield Heslop says that when Hanasab purchased the property, he also assumed a delinquent mortgage with a pending foreclosure lawsuit. (A foreclosure suit tied to the 2004 mortgage was filed in state court in 2015 and discontinued in 2018, according to court records.)Hanasab took out a $1.59 million mortgage in 2017 and a $715,000 mortgage two years later, property records show. Heslop said the loans were used to pay down the previous mortgage, which was in foreclosure.In 2019 Hanasab filed a demolition permit with the city, but a year later he was facing foreclosure; a lender claimed Hanasab had been delinquent on the two mortgages since February 2020. The suit was discontinued this month.Hanasab and Yuval Golan, another former investor in 227 Duffield Street, have faced scrutiny for how they have acquired some properties.The guardian of an elderly (now deceased) owner of a Brooklyn home sued Hanasab and Golan in 2010, alleging they defrauded the investors and withheld funds from the sale of her house. A judge ordered Golan and Hanasab to pay the petitioner over $200,000 in unpaid compensation but dismissed the fraud allegations.Contact Keith Larsen Message* Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlinkcenter_img Tags Email Address* Bill de BlasioDevelopmentReal Estate Lawsuitslast_img read more

In pandemic-battered Brazil, 3G Capital founders hunt for real estate deals

first_img BrazilCoronavirusDistressed Real Estate Share via Shortlink Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Sao Carlos CFO Fabio Itikawa. (Getty, YouTube via Levante Investimentos)Firms linked to the billionaire founders of 3G Capital are on the hunt for real estate deals in pandemic-battered Brazil.The companies — tied to Jorge Paulo Lemann, Marcel Telles and Carlos Alberto Sicupira — are looking to buy discount properties, with a focus on strip malls, office space and long-term rental apartments, according to Bloomberg.One of the firms, Sao Carlos, specializes in office flips and has closed two deals worth about $14 million, and has another $125 million available for future acquisitions, according to the report.“The next 18 months will be very challenging for commercial real estate and that’s the time to make purchases, because sellers tend to get more flexible on prices,” said Sao Carlos CFO Fabio Itikawa.ADVERTISEMENTThe Brazilian government has struggled to combat the coronavirus over the last year. Daily cases and deaths are on the rise, with the spread of a Covid-19 variant. Nearly 4,200 deaths were recorded on Tuesday, marking the first day with more than 4,000 deaths in the country of 212 million.Telles and one of Lemann’s children, Jorge Felipe Lemann, are looking for deals in the residential space, and developing rental buildings in some of Sao Paolo’s pricier neighborhoods via JFL Holdings.They aren’t the only ones hoping to capitalize on the pandemic climate. Distressed debts funds raised billions of dollars over the last year, although some have had trouble finding opportunities to deploy that money.Many firms keep collecting funds, however. Cerberus recently raised $2.8 billion for an opportunistic real estate fund, beating its $2 billion target.[Bloomberg] — Dennis Lynch Tagslast_img read more

Taxonomy and palaeoecology of Early Cretaceous (Late Albian) angiosperm leaves from Alexander Island, Antarctica

first_imgSeven species of angiospermous leaves from the mid to Late Albian of Alexander Island, Antarctica provide further evidence of angiosperm radiation into high southern palaeolatitudes. The leaves have both palmate (three species) and pinnate (four species) venation. Entire margined leaves with brochidodromus venation are interpreted as belonging to the Magnoliidae, and possibly include members of the Laurales. Palmately veined forms representing the Laurales occur as do palaeoherbs. Other taxa have marginal teeth comparable to those found in the Rosidae. Palaeoecological analysis indicates that Hydrocotylophyllum alexandri sp. nov. was a herbaceous streamside coloniser; Gnafalea jeffersonii gen. et sp. nov. was a small shrubby plant growing adjacent to levee banks. The other angiosperms, Araliaephyllum quinquelobatus sp. nov., Timothyia trinervis gen. et sp. nov., Gnafalea binatus sp. nov., Ficophyllum palustris sp. nov., Dicotylophyllum lobatus sp. nov., occur infrequently in swamp deposits and probably represent a scattered understorey of trees and shrubs amongst a conifer and pentoxylalean overstorey.last_img read more

Pétrologie et géochimie des basaltes de Murta : une éruption sous-glaciaire dans les Andes patagoniennes (46° lat. S.), Chili. Relation avec la subduction de la ride du Chili

first_imgThe Holocene Murta basalts represent a small volume monogenetic centre located in the northern Patagonian Andes at the latitude of the Chile Triple Junction. These basalts show morphological evidence of subglacial eruption. They are locally porphyritic with large plagioclase feldspar, clinopyroxene and olivine megacrysts. The major- and trace-element concentrations, REE: patterns, and isotopic data, distinguish them clearly from the other Holocene are basalts or the Palaeocene back-are lavas. Their asthenospheric signature is in accordance with a geodynamic context characterised, since the Miocene, by the subduction of the Chile Ridge below the South American Plate and the progressive development of a slab window.last_img read more

The age of the base of the Gustav Group in the James Ross Basin, Antarctica

first_imgThe Lagrelius Point Formation from its type area in north-west James Ross Island, Antarctica has yielded dinoflagellate cysts indicative of an earliest Aptian age. Reworked palynomorphs presumed to be from the Nordenskjöld Formation (Kimmeridgian-Berriasian) were also encountered. The Lagrelius Point Formation also contains Early Cretaceous spore-pollen floras of Austral aspect. The indigenous stratigraphically significant dinoflagellate cysts includeHerendeenia postprojecta,Muserongiaspp.,Odontochitinaspp. andOvoidinium cinctum. This assemblage indicates that the Lagrelius Point Formation, the oldest formation of the Gustav Group, is Aptian rather than Barremian in age. This in turn means that the base of the extensive Cretaceous marine succession in the James Ross Basin can be dated accurately for the first time. The Lagrelius Point Formation is correlated with the AustralianOdontochitina operculatadinoflagellate cyst Oppel Zone and theCyclosporites hughesiispore-pollen Interval Zone. The extensive record of Aptian marine sedimentation within the James Ross Basin can be correlated directly with that of other key localities in the Antarctic Peninsula and Scotia arc regions. There is still the possibility of a major stratigraphical hiatus in the preceding Hauterivian-Barremian stages.last_img read more

Relics of a complex triple junction in the Weddell Sea embayment, Antarctica

first_imgInterpretation of an airborne magnetic data compilation containing a key, new survey, together with re-tracked satellite gravity data from the WeddellSeaembayment (WSE), West Antarctica, suggests Rift–Rift–Rift triplejunction formation at the onset of Gondwana breakup in the Early Middle Jurassic. Acomplex system of northwest–southeast rifts was active contemporaneously with an east–west trending rift. This rift activity led to northward separation of the Falkland Plateau, and formation of the WeddellSea by sea floor spreading. Atypically, the Jurassic passive margin of Gondwana shows evidence for coeval extension in two directions and a large volume of interpreted magmatic material. This is consistent with initial doming above a mantle plume and we suggest that this resulted in the formation of atriplejunction. Magnetic anomalies indicate a series of faults perpendicular to igneous intrusions and extrusions with outlines that range in shape from lozenges to parallel ridges. They show remarkably good spatial correlation with free air gravity anomalies, even in areas of sea ice. We base a structural elements map and timing sequence for the events in the WSE during early Gondwana breakup on anomaly cross-cutting relationships.last_img read more

Feather mercury levels in seabirds at South Georgia: influence of trophic position, sex and age

first_imgWe studied the mercury contamination of 13 species of seabirds breeding on Bird Island, South Georgia, in 1998. Total mercury concentrations in body feather samples of birds caught at their breeding colonies were determined. Among the species, grey-headed albatross (8933 ng g(-1)) and southern giant petrel (7774 ng g(-1)) showed the highest, and gentoo penguin (948 ng g(-1)) the lowest body feather mercury concentrations. Mercury levels were negatively correlated with the proportion of crustaceans (mainly krill) in the species’ diets, suggesting that the trophic level is the most important factor in explaining the variation of mercury concentrations in Antarctic seabirds. In 4 species studied for age effects among adult birds (grey-headed and black-browed albatross, northern and southern giant petrel), no age-dependent variation in mercury levels was found. Sex differences were also assessed: female gentoo penguins had lower mercury levels than males, which may be related to the elimination of part of the mercury body burden by females into eggs. In contrast, northern giant petrel males had lower levels than females, which may be related to a higher consumption by males of carrion from Antarctic fur seals. In grey-headed albatrosses, mercury levels were 113 % higher than in 1989, when this species was investigated at the same site, indicating a possible increase in mercury pollution of the Southern Ocean during the last decade.last_img read more

Origin of freshwater and polynya water in the Arctic Ocean halocline in summer 2007

first_imgExtremely low summer sea-ice coverage in the Arctic Ocean in 2007 allowed extensive sampling and a wide quasi-synoptic hydrographic and δ18O dataset could be collected in the Eurasian Basin and the Makarov Basin up to the Alpha Ridge and the East Siberian continental margin. With the aim of determining the origin of freshwater in the halocline, fractions of river water and sea-ice meltwater in the upper 150 m were quantified by a combination of salinity and δ18O in the Eurasian Basin. Two methods, applying the preformed phosphate concentration (PO*) and the nitrate-to-phosphate ratio (N/P), were compared to further differentiate the marine fraction into Atlantic and Pacific-derived contributions. While PO*-based assessments systematically underestimate the contribution of Pacific-derived waters, N/P-based calculations overestimate Pacific-derived waters within the Transpolar Drift due to denitrification in bottom sediments at the Laptev Sea continental margin. Within the Eurasian Basin a west to east oriented front between net melting and production of sea-ice is observed. Outside the Atlantic regime dominated by net sea-ice melting, a pronounced layer influenced by brines released during sea-ice formation is present at about 30–50 m water depth with a maximum over the Lomonosov Ridge. The geographically distinct definition of this maximum demonstrates the rapid release and transport of signals from the shelf regions in discrete pulses within the Transpolar Drift. The ratio of sea-ice derived brine influence and river water is roughly constant within each layer of the Arctic Ocean halocline. The correlation between brine influence and river water reveals two clusters that can be assigned to the two main mechanisms of sea-ice formation within the Arctic Ocean. Over the open ocean or in polynyas at the continental slope where relatively small amounts of river water are found, sea-ice formation results in a linear correlation between brine influence and river water at salinities of about 32–34. In coastal polynyas in the shallow regions of the Laptev Sea and southern Kara Sea, sea-ice formation transports river water into the shelf’s bottom layer due to the close proximity to the river mouths. This process therefore results in waters that form a second linear correlation between brine influence and river water at salinities of about 30–32. Our study indicates which layers of the Arctic Ocean halocline are primarily influenced by sea-ice formation in coastal polynyas and which layers are primarily influenced by sea-ice formation over the open ocean. Accordingly we use the ratio of sea-ice derived brine influence and river water to link the maximum in brine influence within the Transpolar Drift with a pulse of shelf waters from the Laptev Sea that was likely released in summer 2005.last_img read more

Estimating and managing blowout risk during access to subglacial Antarctic lakes

first_imgAs Antarctic subglacial lake research progresses to in situ exploration an important topic is thelake’s probable gas concentration. Depending on hydrological setting, subglacial lakes may contain largeamounts of dissolved gas or gas trapped within clathrates. Consequently, access can be potentiallydangerous due to the risk of blowout where depressurization could lead to high-speed ejection of water andgas from a borehole. We present a structured approach to assess the blowout risk in subglacial lakeexploration. The approach integrates a generic event tree, applicable to open and closed hydrologicalsystems, with site-specific expert judgment incorporating rigorous probabilistic formulations. Themethodology is applied to a motivating example: Ellsworth Subglacial Lake. Judgments elicited througha formal process were provided by five experts with 88 years combined experience that, after aggregation,gave a median risk of blowout of 1 in 2186 with a lower quartile of 1 in 3433 and an upper quartile of 1 in1341. This approach can be applied to any subglacial lake given a modicum of knowledge on itshydrological setting, as uncertainty can be captured through the elicited judgments. Additionally, the eventtree analysis informs blowout mitigation strategies to reduce risk of injury or death.last_img read more

Phase-sensitive FMCW radar system for high-precision Antarctic ice shelf profile monitoring

first_imgIce shelves fringe much of the Antarctic continent, and, despite being up to 2 km thick, are vulnerable to climate change. Owing to their role in helping to control the ice sheet contribution to sea level change there is great interest in measuring the rate at which they are melting into the ocean. This study describes the development and deployment of an ice-penetrating phase-sensitive FMCW radar, sufficiently robust and with sufficiently low-power consumption to be run through the Antarctic winter as a standalone instrument, yet with the stability and mm-precision needed to detect the very slow changes in ice shelf thickness in this exceptionally demanding environment. A number of elegant processing techniques are described to achieve reliable, high-precision performance and results presented on field data obtained from the Larsen-C ice shelf, Antarctica.last_img read more