LA office market has 51M sf of available space

first_img CoronavirusLA Office Marketleasingsavills Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Tags (iStock)The numbers are staggering.Nearly one quarter of all office space in Los Angeles is available for rent, a level not seen since 2009.Around 51 million square feet of space is vacant or available for sublease.And overall sublease vacancy is up 90 percent since the start of the pandemic.Those were among the key findings from Savills’ first quarter office market report, according to Commercial Observer.Savills attributes the spike in subleasing to the rise in overall availability, as the pandemic has led more companies to pivot long-term to remote work. The amount of sublease space on the market in L.A. now stands at 9 million square feet.ADVERTISEMENTTenants leased just 2 million square feet of office space in the first three months of the year, according to Savills, about half as much as what was leased over the same period last year.Savills expects the market to remain favorable for tenants for at least the next 18 to 24 months. Their options will “remain abundant as the market continues to see a rise in both sublease and direct availabilities,” according to the report.Despite the rise in availability, average rents across all classes were up 3 percent to $3.85 a foot per month, Savills noted. Class A rents were around $4.07 a foot.A massive amount of newly built space is also hitting the L.A. market this year. Developers are on track to deliver 6.9 million square feet of office space in 2021, which is more than any other market in the country.[CO] — Dennis Lynch  Share via Shortlinklast_img read more

Image of the Day: CVW 17 Show Their Capabilities

first_img June 4, 2015 View post tag: USS Carl Vinson View post tag: Navy Authorities Aircraft assigned to Carrier Air Wing (CVW) 17 fly in formation over the aircraft carrier USS Carl Vinson (CVN 70) during an air power demonstration.The operation was undertaken in the Pacific Ocean on May 31.Carl Vinson is in the U.S. 3rd Fleet area of operations returning to homeport after a Middle East and western Pacific deployment.Image: US Navy View post tag: CVW 17 View post tag: News by topic Back to overview,Home naval-today Image of the Day: CVW 17 Show Their Capabilities Image of the Day: CVW 17 Show Their Capabilities View post tag: Naval Share this articlelast_img read more

Dr. David Orentlicher Raises More Than $100,000 for His 8th Congressional District Campaign

first_imgDr. David Orentlicher Raises More Than $100,000 for His 8th Congressional Campaign(Terre Haute, IN) Dr. David Orentlicher announced today that he surpassed his fundraising goal for the fourth quarter of 2015. Despite not launching his campaign until mid-November, Orentlicher raised $101,352 by the end of 2015 (plus another $223 from in-kind candidate donations). All of the contributions came from 130 individual donors, with no PAC dollars, and a median contribution of $250. Cash on hand at the end of the year totaled $100,751.69. (A summary of the fourth quarter finance report is available on request.)“We are gratified by the strong support we are receiving,” said Orentlicher. “We’ve been emphasizing the need for real economic opportunity in the 8th district, and voters are responding enthusiastically.”“It’s not right when so many of our children never have a chance to succeed,” added Orentlicher. “For too many children, there are not enough good paying jobs for their parents, their schools are in decline, and their neighborhoods suffer from drug use and other crime.”“Neither the 8th District’s incumbent, nor Congress as a whole, has stepped up to meet the public’s needs,” said Orentlicher. “The 8th District needs a representative who speaks for the district and a Congress that serves the interests of all Americans. We must ensure that we have an economy that works for everyone and the United States once again is a land of opportunity for all of its citizens.”David Orentlicher is an educator, physician, attorney, and former three-term member of the Indiana House of Representatives. He has practiced both medicine and law, and he teaches at Indiana University School of Medicine in Terre Haute, IU School of Medicine in Indianapolis, and IU Robert H. McKinney School of Law.While directing the medical ethics program at the American Medical Association, Orentlicher drafted the AMA’s first-ever Patients’ Bill of Rights. He also wrote conflicts of interest guidelines that protect the integrity of the patient-physician relationship.Orentlicher has written many books and articles on a wide range of topics in ethics, law, and medicine. His current project, Economic Inequality and College Admissions Policies, makes the case for revising college admissions policies to address the serious problem of economic inequality in the United States.Orentlicher’s wife, Judy, is a professor of political science at Indiana University. They have two children.FacebookTwitterCopy LinkEmailSharelast_img read more

GreenPalm raises $4m

first_imgOver $4m has been raised so far from the sale of GreenPalm certificates, since the start of the scheme 18 months ago, and there are plans for a European roll-out.The $4m figure equates to the sale of 460,000 certificates, said Bob Norman, general manager of Book&Claim, which operates the Green-Palm certificate trading platform, endorsed by the Roundtable on Sustainable Palm Oil (RSPO). This allows manufacturers and retailers to support sustainable palm oil production.”That $4m is the actual payment that goes back to sustainable palm oil producers,” said Norman at BIE. He told BB that the organisation is beginning to see interest from mainland Europe and plans to expand the GreenPalm scheme out across the continent soon.last_img read more

Lagrange officials to consider zoning for new commercial dog breeding facility

first_img Pinterest Lagrange officials to consider zoning for new commercial dog breeding facility IndianaLocalNews The County Board of Zoning Appeals is set to consider a request to approve a 100 acre plot on CR. 150N for use as a commercial dog breeding facility that could house up to 100 breeding females. Lavern Whetstone, the owner making the appeal, already owns and operates a breeding facility at a nearby property where he raises bulldog puppies.Whetstone says the new facility would actually be a downsize since he would be merging with a business partner, and between the two they would have fewer breeding dogs. A neighbor tells The News Sun that currently Whetstone’s puppies are sold out of state at pet stores in larger cities.Animal welfare advocates have started a change.org petition that’s had more than 6,500 signatures from around the country. The zoning appeals board will vote on the matter Tuesday, July 21st. By Carl Stutsman – July 20, 2020 3 588 WhatsApp Facebook WhatsApp Google+ Twitter Previous article65 year old arrested in Elkhart last week is a serial bank robberNext articleStudent athlete at John Glenn tests positive for COVID-19 Carl Stutsman Google+ Facebook Twitter Pinterestlast_img read more

News story: War disablement pension rates 2019

first_imgThe new rates of war pensions and allowances proposed from April 2019 are set out in the War disablement pension 2019 rates document.The annual uprating of war pensions and allowances for 2019 will take place from the week beginning 8 April 2019.last_img

Debate: Bike Lanes on the Blue Ridge Parkway?

first_imgYES: BIKES BOOST BUSINESSMinimal traffic, amazing views, and access to historic and natural attractions make the Parkway a world-class bike touring route. We should do everything possible to encourage cycling on this national treasure.The National Park Service has shut down multiple facilities, like restaurants and campgrounds, for lack of use, so encouraging more cycling on the Parkway seems an obvious way to attract visitors and generate additional revenue at low cost. Bicycle touring is a proven revenue generator. Oregon claims $325 million a year in economic impact from bike tourism. The reasons are obvious. Cyclists are slower, stay longer, and eat more. Not paying for gasoline and other automobile-related expenses, they have more money to spend, and they have high disposable income to start with. They tread lightly on the infrastructure.Bikes mean business, and the Parkway is an ideal route. But do we need bike lanes? It’s not as simple as you might think. Some say only dedicated paths will do. Others say cars and cyclists can share the road as is. Bike lanes fall somewhere in between. Although painted lanes provide no physical barrier, they’re a constant reminder to share the road. They also reduce vehicle speeds, further increasing safety.Motorists might complain that they will be inconvenienced by slower speeds and narrower lanes,  but even if bike lanes reduce speeds somewhat, the net effect would be greater safety and a little more opportunity for motorists to take in the sights, which is the purpose of the Parkway after all. Traffic engineers might argue that bike lanes would not be the ideal treatment for the Parkway. Some prefer sharrows; others say signage is enough. In my mind, designating a few feet of roadway for bikes is a nonintrusive and cost-effective way to encourage more cycling on the Parkway.Tom Bowden is chairperson of Bike Virginia and a board member and vice president of the Virginia Bicycling Federation. He spent many hours riding the Parkway training for Team RAAM in 1994.NO: DON’T MESS WITH SUCCESSAs an avid cyclist, I’m an advocate for anything that encourages drivers and cars to share the road.But the Blue Ridge Parkway is a different entity, and I feel bike lanes are unnecessary. Part of the Parkway’s charm is that it is a narrow, exquisitely designed 469-mile country road that travels through some of the most beautiful spots in the Southeast. The National Park Service does a great job at using the landscape to bolster the scenery. Instead of a shoulder,  you can often find a carefully maintained and manicured stretch of grass. By leaving things alone, this experience will be maintained.I’ve spent quite a bit of time riding the Parkway, and cannot remember a time when I’ve wished for a bike lane. Sure, there are occasions when cars will bunch up behind me, wanting to pass. When I am climbing, they get around me pretty easily, as I am usually able to keep to the far right of the lane. When descending, I maintain a high-enough speed to not hinder traffic. If necessary, I can always pull off to one of the many overlooks to let them pass.There are not many situations where a bike lane would benefit the rider or the car. After laboring to ride up a thousand feet or more, the reward is an exhilarating descent. When descending on the Parkway, the rider needs the entire lane to maneuver around the bends and twists of the road. As you soar along the ridges of the mountain, you are enveloped in breathtaking views, lush greenery, and craggy rock structures below and above you. You see peaks and domes always in the distance, with a cool, breezy wind in your face. It would be nearly impossible to keep confined to a bike lane on such a descent, and if you did, it would take away from the experience.I’m in favor of anything that makes the Parkway more bike-friendly, but adding bike lanes would be drastic, expensive, unnecessary, and in many areas, logistically impossible. Instead, I would suggest that the National Park Service embrace the cycling community, encourage and support more cycling events, and educate motorists to be wary of those of us on two wheels. The Blue Ridge Parkway is an American treasure, a terrific way to allow for people to engage with nature. Let’s keep it that way.Aaron West races and lives in South Carolina, and writes about cycling for his blog SteepClimbs.com. What do you think? Join the debate by leaving a comment below!last_img read more

UAS assists U.S. Coast Guard’s narcotics seizure for first time

first_img WASHINGTON, D.C., U.S.A. – The U.S. Coast Guard recently conducted its first narcotics interdiction with the support of an unmanned aircraft system (UAS) when authorities confiscated more than 560 kilograms of cocaine off a go-fast boat in the eastern Pacific Ocean. The UAS was being tested during the second of three planned shipboard demonstrations to gauge the system’s capabilities aboard the Coast Guard Cutter Bertholf. The demonstrations are part of an ongoing test of UAS capabilities and shipboard handling techniques. Coast Guard officials operated a ScanEagle UAS for more than 90 hours during a two-week deployment in May. One of the biggest highlights occurred when the ScanEagle provided real-time surveillance and information on the location of a go-fast vessel that was suspected of carrying narcotics on May 29 in the eastern Pacific Ocean. The UAS tracked the suspicious vessel until the Bertholf’s MH-65D helicopter and boats intercepted the vessel and arrested its crew members in connection with the seizure of 567 kilograms of cocaine worth an estimated US$19 million. The cocaine was offloaded at U.S. Coast Guard Station Miami Beach, Fla., on July 1. The narcotics-carrying vessel was initially spotted by a U.S. Customs and Border Protection aircraft, before it was tracked by the UAS and interdicted by Bertholf officers. The UAS was evaluated by a team of technicians and aviators from Coast Guard Headquarters, the Coast Guard Research and Development Center, Coast Guard Air Station North Bend, Ore., and Insitu Inc., a Washington, D.C.-based company that makes unmanned aerial vehicles. The Coast Guard has identified cutter-based UAS as an integral element to bolster the operational effectiveness of its major cutter fleet. The results of the test are encouraging in how the UAS could become another weapon in the United States’ counter-narcotics fight. The U.S. is playing a major role in Operation Martillo, an international mission that gathers partner nations to curtail illicit trafficking routes on both coasts of the Central American isthmus. Operation Martillo, which is led by the U.S. Joint Interagency Task Force South and includes Canada, Belize, Colombia, Costa Rica, El Salvador, France, Guatemala, Honduras, the Netherlands, Nicaragua, Panama, Spain, and the United Kingdom, strives to disrupt transnational criminal organizations by limiting their ability to use Central America as a transit zone. The operation plays a key role in the counter-narcotics fight, as about 80% of cocaine shipments are moved via maritime routes. Nearly 90% of the cocaine that reaches the United States comes through Mexico and Central America, according to the United Nations International Narcotics Control Board. From Jan. 15, 2012 to July 17, 2013, Operation Martillo, which was launched in January 2012, resulted in the seizure of 207,740 kilograms of cocaine and 37,397 kilograms of marijuana, 472 arrests and the confiscation of 152 assets. The Joint Interagency Task Force South and U.S. Southern Command will continue to work closely with partner nations through Operation Martillo, as 69% of the disruptions made during the past fiscal year were supported by a member nation. During the 2011 fiscal year, 59% of disruptions included a partner nation. By Dialogo July 31, 2013last_img read more

Board seeks Foundation applicants

first_img Board seeks Foundation applicants The Board of Governors is seeking applicants for the following vacancies to be filled during its February 17 meeting: Florida Bar Foundation Board of Directors: Two lawyers to serve three-year terms, commencing July 1, 2006, on this 31-member Board of Directors which administers Florida’s IOTA program. Directors shall be members of the Foundation during their term(s) as directors.Persons interested in applying for this vacancy may download and complete the application online from the Bar’s Web site, www.floridabar.org, or may call Bar headquarters at (850)561-5600, extension 5757, to obtain an application form. Completed applications must be submitted to the Executive Director, The Florida Bar, 651 East Jefferson Street, Tallahassee 32399-2300 no later than close of business, Friday, January 20, 2006. Resumes will not be accepted in lieu of an application. January 15, 2006 Regular News Board seeks Foundation applicantslast_img read more

Frodon heads to Aintree for Many Clouds Chase | Racing News

first_imgFrodon is back up to a joint career-high rating of 169 after his latest victory.Nicholls added: “He has gone up another 5lb for that win at Cheltenham, so handicaps are now out of the question.“He is off a rating that should make him competitive back in Graded races.”- Advertisement – Nicholls is still considering the best path to the blue riband at Prestbury Park next March, and views the Grade Two event on December 5 as a suitable next step.He said: “I want to discuss things with Paul (Vogt, owner), but there is a possibility of going for the Many Clouds at Aintree next.“He has come out of Cheltenham very well and he seems good at home. He recovered very quickly from that race.”- Advertisement – Paul Nicholls has earmarked the Many Clouds Chase at Aintree as a potential next target for the popular Frodon.The 2019 Ryanair Chase hero produced a tremendous weight-carrying performance on his reappearance at Cheltenham last month under regular partner Bryony Frost, after which the 11-time champion trainer confirmed a tilt at Gold Cup glory as the ultimate aim this season.- Advertisement – Frodon is a general 25-1 shot for the Magners Cheltenham Gold Cup. – Advertisement –last_img read more