Super start to year with more than $35 million worth of luxury property changing hands

first_img5724 Observation Cres, Hope Island, is part of more than $35 million worth of sales notched by Ray White Surfers Paradise in the March quarter. A stone mansion which has been the backdrop for photo shoots and a temporary home to Hollywood stars has changed hands in a multimillion-dollar deal off market.Designed by internationally acclaimed architect Ralph Bailey, the six-bedroom luxury Sanctuary Cove house, known as the Mandalay Residence, sold for $5.225 million. A $7.5 million deal was done for 311 Monaco St, Broadbeach Waters.The $7.5 million sale of a six-bedroom, five-bathroom mega mansion was among the notable sales.The property at 311 Monaco St, Broadbeach Waters, was bought by a Gold Coast couple. The hefty sales of big-ticket real estate come despite a slowdown across the national property market. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:51Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:51 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD576p576p432p432p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenStarting your hunt for a dream home00:51More from news02:37International architect Desmond Brooks selling luxury beach villa12 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days ago MORE NEWS: Labor’s negative gearing reforms could cause rental price hikes, multibillion-dollar dent in tax revenue It was sold in an off-market deal. The property at 5724 Observation Cres, Hope Island, has three lounge rooms, two office spaces, six bedrooms, a guest cottage, pool and landscaped gardens.Its website states the house boasts celebrity clientele and is a sought-after backdrop for video and photography shoots.The eye-watering sale is part of more than $35 million worth of high-end listings that have changed hands in the first quarter of this year through Ray White Surfers Paradise. MORE NEWS: Benowa Waters mansion offers grand lifestyle beyond your wildest dreams It fetched $3.7 million. A $3.7 million deal was done for 171 Jefferson Lane, Palm Beach, last month.The six-bedroom beachfront home with a Cape Cod design was snapped up after just nine days on the market.The agency also had a hand in notching a record-breaking sale of a Main Beach penthouse.center_img 171 Jefferson Lane, Palm Beach, sold in March. Ray White Surfers Paradise CEO Andrew Bell said the market correction was shaping up differently to those previous experienced on the Gold Coast.“There are a number of factors at play at the moment, but most notably there are no desperate sellers and the market is excellent in terms of overall stability,” he said.“The recent run of sales demonstrates that there are always buyers in the marketplace and when correctly priced properties are presented to buyers, sales inevitably occur. Buyers are prepared to buy the property to which they aspire — most people seek the property they love and they are not always driven by a bargain to attain that property.” The Penthouse at 3533 Main Beach Pde, Main Beach, sold for $8.25 million. The $8.25 million sale of 7/3533 Main Beach Pde, which was done in conjunction with Kollosche, is the highest figure paid for a Gold Coast property this year and the city’s highest beachfront apartment sale.A $5.25 million deal was also penned for a luxury lakeside house on The Parkway in Sanctuary Cove in March.Mr Bell said the lump of luxury sales were thanks to buyers and sellers finding common ground in assessing values in the marketplace. The temporary home to Hollywood stars sold for $5.225 million. last_img read more

SINGLE WINNING TICKET IN SANTA ANITA SUNDAY PICK SIX WORTH $148,205.80; ‘SINGLETON’ PURCHASED FOR $256.00 IN LAUGHLIN, NV.

first_imgARCADIA, Calif. (Feb. 12, 2017)–There was just one winning ticket in Sunday’s Pick Six at Santa Anita and it was worth $148,205.80. The “singleton” was purchased for $256.00 in Laughlin, NV.Sunday’s total Pick Six pool, comprised of $176,099 in “new money” and $33,967 from the track’s Single Ticket Pick Six Jackpot, totaled $210,066.There were 137 tickets with five winners, each worth $147.20.Santa Anita will embark upon a five day week on Thursday, with first post time at 1 p.m. Admission gates open at 12:30 p.m. For scratches, changes and complete morning line information, please visit santaanita.com.last_img

OFBF makes additional CAUV recommendations

first_imgShare Facebook Twitter Google + LinkedIn Pinterest Ohio Farm Bureau Federation (OFBF) has offered a second set of recommended changes to the state’s Current Agricultural Use Valuation (CAUV) program, which should result in more accurate valuations that reflect the current economic conditions faced by landowners are facing. An additional benefit should be to encourage more participation in conservation practices and programs.The changes to the CAUV formula were proposed in a letter to the Ohio Department of Taxation and can be taken administratively without the need for new legislation.In its recommendations, Farm Bureau challenged two inaccurate assumptions in the current capitalization rate portion of the CAUV formula: that land is a short-term investment and that it becomes more valuable as its mortgage is paid down.The current formula assumes land is held for only five years when in reality farmland is typically held for decades and often across multiple generations. The formula also now assumes land is more valuable as its debt is reduced, but Farm Bureau argues that land values are a function of productive capacity regardless of the level of owner equity. Both changes would lessen the impact of nonfarm market forces on the capitalization rate.Another proposal asks that all lands in federal conservation programs or other lands managed under year-round conservation practices be valued at the lowest possible rate.Currently, farmers are discouraged from idling land because it is taxed as though it was producing crops. Farm Bureau believes taxing conservation lands at the CAUV minimum value is appropriate because conservation lands are nonproducing. This also supports farmers who take steps to protect the environment and water quality.Farm Bureau is also asking the Tax Department to take additional steps to further reflect the lower value of woodlands compared to crop ground.This is Farm Bureau’s second set of recommendations on ways to improve the CAUV formula. In March, the Tax Department enacted several of the organization’s previous recommendations. OFBF thanked Tax Commissioner Joe Testa and his staff for their willingness to consider Farm Bureau’s views.Ohio Farm Bureau’s ongoing study of the CAUV formula has included extensive effort by volunteers and staff who have obtained input from numerous tax policy experts. The organization believes CAUV is Ohio’s most effective tool for preserving farmland. The goal of its study is to identify adjustments to the formula that provide fairness and accuracy while protecting the integrity of the program.last_img read more

Footings and Frost Walls at Flatrock Passive

first_imgEditor’s Note: This is one of a series of blogs by David Goodyear describing the construction of his new home in Flatrock, Newfoundland, the first in the province built to the Passive House standard. The first installment of the GBA blog series was titled An Introduction to the Flatrock Passive House. For a list of Goodyear’s earlier blogs on this site, see the “Related Articles” sidebar below; you’ll find his complete blog here. BLOGS BY DAVID GOODYEAR A Final Design and Energy ModelingAn Introduction to the Flatrock Passive House RELATED ARTICLES April has brought relatively good weather. This week has been above 0°C (32°F), and the temperatures are climbing. For the most part all the snow is gone and the ground has thawed. The switch in weather has made it easy to get some work done.The excavation company, Wade’s Excavating, dug down to solid ground. There was an amazing amount of topsoil on the lot. In places, it was almost 2 feet thick. It has all been pushed out of the way for now, waiting to be moved around and used for final grading after backfilling. After the hole was dug, we hired Aubrey Burt, a land surveyor, to roughly mark out the foundation pad (see Image #2 below).We knew we would require fill in places, and we will need a lot of it. We won’t be able to use a 4-foot frostwall everywhere; if we did, backfilling to the top of the wall at the back of the lot will turn the lot into a ski hill. Our plan is to make a stepped frostwall of varying depths — from 8 feet to 6 feet to 4 feet — from the low to high parts of the lot. We may do siding part way down the insulated concrete or just leave it with the concrete parging over the foam. Adding the frostwallsSince the home design has been completed, I’ve been studying the drawings over and over again. Every couple of days I come across an interesting conundrum. This one is a tale of two foundations.One of the principles of Passive House design is building an efficient envelope that is superinsulated, airtight, and thermal-bridge-free. If a foundation in a cold space is joined to a foundation in a heated space there are several potential issues. First, it provides a short circuit for heat to travel outside of the thermal envelope during heating season and for heat to enter the envelope during cooling season. This also could lead to interstitial condensation in the walls, promoting mold issues inside the wall at the junction of the short circuit. To minimize this transfer, the designer wanted to separate the thermal envelope of the house from the porch using 2 inches of EPS foam.Because of the way the forms are connected it would have been possible to insert a piece of foam at the connection between the two foundations. However, once the concrete was poured there would be no guarantee the foam would stay in place. Additionally, there would be no way for the two foundations to be connected. So is there a way to do this using fancy Passive House materials? Probably. However, I had to work with what I have.Our solution was two pours. The house foundation was poured first. The following day, the forms were removed and a piece of foam 8 inches wide was glued to the foundation at the point of connection between the two walls. We drilled holes through the foam and into the newly hardened concrete, then glued rebar into the holes with epoxy. The forms could then be set up and the concrete for the second foundation poured. The rebar makes a semi-rigid connection between the two foundations. Behind the garage will be nice and sunny and I have been thinking about using that area for my solar kiln for drying green wood for woodworking and firewood. So leaving the foundation exposed there may not be a big deal.center_img Digging the foundation footingsArmed with our plan, we had the surveyor mark the foundation corners. We started digging and taking grades with the transit as we went. The digging went smoothly. All the rock that we brought in for the pad was excavated and placed in the center where it will be used to fill in the foundation before placing the slab.After the footings were completely dug out, they were “tracked in” using the excavator. I followed up by tamping the footing areas for a couple of hours so we have a good stable base for the footings. With the footings dug, the next logical step was pouring them. We had the surveyor re-pin the foundation location and the footing contractor, Todd Brenton, set up the footing forms. The lot was pretty level so for the most part, we have an 8-inch footing everywhere except one small length where it’s about 6 3/4 inches. The whole foundation will be setting on a structural rock bed which was originally tamped using a large vibratory roller and now has been further tamped, to compress the loose rock after digging, using a large diesel plate tamper.Although I was a little unsure about the leveling process, now that I have seen it, I realize it’s much simpler than I expected. The footing contractor lays out the forms according to the survey pins. Then he uses a transit to find the highest/lowest points (see Image #4 below). He goes to the corners and sights an elevation and pounds a nail into the inside of the form. Then on to another corner, or along the form, sighting elevations to match the previous. Then he snaps a chalk line between the nails on the inside of the forms and that gives them a measure of how much concrete to pour.This work took about a day. The concrete got poured in less than 20 minutes (see Image #5 below). As the concrete was poured, one of the laborers followed behind leveling the footing to the lines with a shovel by moving the concrete around. Another guy followed, further flattening the concrete with the end of a rake.What you are left with is a poured footing, ready to set up overnight to a nice set of hard concrete footings: a solid foundation for the Flatrock Passive House (see Image #6 below). Calculating energy losses of thermal bridgingIs there an energy penalty for using rebar? There definitely is! It is a thermal bridge directly into the foundation. But since the heat flow is proportional to the area, one would expect the cross-section for several pieces of rebar to be much less than the area connecting the two walls.Using some highly simplified assumptions, I determined that using the rebar has an energy penalty about 14 times less then leaving the concrete connected; it’s safe to assume the energy lost is about an order of magnitude less when using the rebar. Using data found online, I calculated the power lost through the rebar could be as high as 0.5 W/ degree C. So a temperature differential between the outside foundation and the inner foundation of 15° would mean an energy loss of about 7.5 watts. With the concrete walls joined together, the power lost through the wall would be about 9.2 W/ degree, equating to about 140 watts. Assuming the temperature differential between the foundations is at least 15°C for one-third of the year, this equates to almost 400 kWh of energy, or about $40 on my electricity bill.This is significant and has a short payback for the time invested. But keep in mind there are a lot of assumptions here. The total energy savings is really still a question left up to energy modeling. But for the cost of rebar, epoxy, a masonry drill bit (about $70), and some minor inconvenience associated with doing two pours, I figured it was worth it. Green Basics: Slab FoundationsFrost-Protected Shallow FoundationsFoam Under FootingsGreen Basics: Foundation Types Q&A: Thermal Break Between a House Foundation and Garage Foundation Creating a compacted structural padWades Excavating completed the structural pad in early May, a day ahead of schedule and a day quicker than the original time estimate. They trucked in 34 tandem loads of blast rock to fill the hole for the house and rolled it in with a vibrating roller to pack it down (see Image #3 below).The site was inspected by a geotechnical engineer who will now certify it’s good to build on. The depth of the hole was very deceiving and I realize that, in such large quantities, fill cannot be estimated visually. So keep in mind that structural fill will really chew a hole in the excavation budget if you ever decide to build on a sloped lot. A 4-foot drop over almost 80 feet is enough to add significantly to the cost of your home.With the pad in place, we now have a good solid foundation for the house. Parts of the pad will have to be dug down in the back for footings and to facilitate our grading plan. I’ll also be calling the well driller to have a look at the proposed position of the well. If he thinks he can fit the drilling rig between the house and the trees we’ll be ready to move ahead; otherwise, we’ll be waiting for several weeks for the well to be drilled before we start the foundation.The build is now about two weeks ahead of my original proposed timeline, so we have some time to play with. But I know that other things will pop up. If we can keep the momentum going, we’ll be in better shape later.last_img read more

Agri Ministry to Work with NEPA to Prevent Environmental Breaches

first_imgStory Highlights Agro-Investment Corporation (AIC) cited for environmental breaches Minister pleased with the progress of the Agro Parks that are up and running Minister apologised for the breach adding that the AIC will comply with orders of NEPA Agriculture and Fisheries Minister, Hon. Roger Clarke, says the Ministry will be working closely with the National Environment and Planning Agency (NEPA), to guard against environmental breaches as it carries out its various projects.Minister Clarke’s comments came on Friday, July 25, following a tour of the Amity Hall Agro Park in St. Catherine, where NEPA had served the Agro-Investment Corporation (AIC), with both a cessation order and an enforcement order.NEPA, on June 19, cited environmental breaches during a river cleaning exercise and ordered that immediate remedial steps be taken to mitigate the impact by July 26.The Minister said he is confident that the deadline will be met and also informed that he had made a commitment to NEPA for greater collaboration.“I said to NEPA that if we find ourselves in this sort of situation again, where a river must be cleaned to deal with the drainage, we would want them to guide us as to how you can clean the river without removing trees they do have the expertise to do so,” Minister Clarke said.He apologised for the breach and said that the AIC, which is the implementing agency for the nine Agro Parks to be developed across the island, is well on its way with complying with the orders of NEPA. He said that there is already re-growth in the area that the agency had cited.In the meantime, the Minister said he is pleased with the progress of the Agro Parks that are up and running.At Amity Hall, approximately 800 acres of land have been cleared of which Caribbean Broilers has already planted some 130 acres of sorghum. In the other areas, smaller farmers were planting onions, okras, peppers and a number of other crops.The Ministry, through the AIC, is engaging some 3,237 hectares (8,000 acres) of land in the production of a number of critical crops across nine Agro Parks. Another two parks are expected to come on stream by the end of the year.The parks are being developed through a partnership involving the Government, farmer/investors and the private sector. They are part of the Government’s strategic priorities aimed at reducing the high food import bill.In all instances, what is produced in the Agro Parks will be tied to a specific market.last_img read more

Marlboro maker leaps into the cannabis trade with 24B

first_imgNEW YORK — One of the world’s biggest tobacco companies is diving into the cannabis market with a $2.4 billion investment in Cronos Group, a Canadian medical and recreational marijuana company.Altria, which makes Marlboro cigarettes, is taking a 45 per cent stake in the Toronto company.Cronos said Friday that the Richmond, Virginia, tobacco company will pay another $1.4 billion for warrants that if exercised, would give the Altria a 55 per cent majority ownership stake.Cronos first announced that it was in talks with Altria this week.The Associated Presslast_img

Derek slams BJP for featuring children in promotional video

first_imgKolkata: Trinamool Congress Rajya Sabha MP Derek O’Brien came down heavily on the BJP for flouting the model code of conduct laid down by the Election Commission of India by featuring children under the age of 14 in its political promotional video.In his Twitter handle, O’Brien said: “After being insensitive to children with dyslexia, Modi and the BJP do it again! Children under 14 being used in political promo music video. Breaking EC rules. Shameless. #CheatIndia So desperate for votes?” Also Read – Centuries-old Durga Pujas continue to be hit among revellersHe pointed out that the Delhi High Court in a judgment on 15 July, 2013, advised political parties to take note of provisions of Juvenile Justice (Care and Protection of Children) Act, 2000 which is concerns children in the age group 14 to 18 years. The court had said that the provisions under the act should not be flouted during election campaign. He alleged that Modi used pictures of jawans to seek votes. It may be mentioned here that various top Trinamool Congress leaders had been vocal against the BJP for its attempt to take credit of the Balakot air strike. Many banners were put at various points in the city by the state BJP leaders with photos of armed forces. They also brought the matter to the notice of the Election Commission. The Commission has however issued necessary instructions to the administration to remove all such banners.last_img read more

Prince William goes back to college

first_imgBritain’s Prince William is to become a full-time student of agricultural management for 10 weeks as he forges a life after the military, the royal family announced on Monday.William will learn about the issues facing rural communities and the farming industry in Britain during the course, which begins next week at the prestigious Cambridge University.The course will help the 31-year-old prince in his future role running the Duchy of Cornwall, a portfolio of land, property and investments he will inherit when his father, Prince Charles, becomes king. A royal spokesman said William was “very much looking forward to it”.William, who is second in line to the throne, gave up his operational career with the Royal Air Force in September after completing a three-year stint as a search and rescue helicopter pilot.He will follow a course run by the Cambridge Programme for Sustainability Leadership (CPSL), an institution within Cambridge University’s School of Technology. His father is the School’s patron.The Duke will have 18 to 20 hours of lectures, seminars and meetings a week.He is expected to live in Cambridge part of the time during his studies, but will still carry out royal engagements over the coming months.The royal spokesman said the “programme of seminars, lectures and meetings will draw on the strengths of academics across the university.”The course will end in mid-March, before Williams heads to Australia and New Zealand with his wife Kate for a visit in April. The couple’s son, Prince George, is expected to join them.last_img read more

The Deadest Sports Days of the Year

With apologies to the ESPYS and the WNBA, Wednesday was what has come to be known as the deadest day on the sporting calendar. That’s because the day after Major League Baseball’s All-Star Game (which was held Tuesday) traditionally sees no activity whatsoever from North America’s “Big Four” sports leagues (the NFL, the NBA, the NHL and MLB). This barren day doesn’t always occur on the same date, but the All-Star Game has taken place during the week between July 10 and 16 for more than a decade.In honor of the occasion, we thought we’d chart the average number games per day in those leagues on any given date in a typical year:That noticeable dip in July is what we’re in the midst of, but there’s another time that is, on average, every bit as vacant as ESPYS day: Dec. 24. Christmas Eve is usually an off-day for the NBA and NHL; aside from a stray Friday game in 2004 and Monday Night Football in 2007, the only thing keeping it from complete emptiness is that it fell on a Sunday in 2006 (meaning it had a full compliment of NFL games) and a Saturday in 2005 and 2011 (both years in which the NFL shifted its Week 16 games to Saturday to avoid playing on Christmas Day). Even so, Dec. 24 averaged only four contests per year, lower than any other date over the past 10 years.Christmas itself is always the date of a few notable NBA games, but it has averaged only 4.7 games over the past decade. Combine that with the fact that the MLB All-Star Game is not held on a constant date (July 12 was the most common, seeing an average of 5.1 games), and the holiday season is, statistically, the time in which the fewest games are played per day. read more

Ohio States Marshon Lattimore set for surgery

Ohio State football freshman cornerback Marshon Lattimore is scheduled for surgery on Wednesday morning, according to his personal Twitter account @_ShonL2 Tuesday night.Lattimore has since deleted the tweet.Lattimore, who was a consensus four-star prospect out of Glenville High School in Cleveland, and a U.S. Army All-American, starred on a Tarblooder team that advanced to the Division II Ohio state championship game in 2013.The news of Lattimore’s surgery was first reported by Eleven Warriors.Coach Urban Meyer did not mention Lattimore’s name Monday when he discussed the open corner position opposite senior Doran Grant.The Buckeyes are scheduled to take on Navy Saturday at noon at M&T Bank Stadium in Baltimore.