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Long held as earliest in U.S., New Jersey nuclear plant closes

Monday, Sept. 17, 2018|3:25 p.m.

LACEY TOWN, N.J.– A nuclear reactor long considered to be the oldest in America shut down Monday, the victim of its age and inability to take on newer, more affordable gas-fired power plants.

The Oyster Creek Nuclear Getting Station in New Jersey went offline at noon Monday, powering down without occurrence for the last time after almost a half-century of operation.

The aging plant was viewed as a victim of its age and the changing economics of power generation, where today it is less expensive in many locations to produce power by burning inexpensive natural gas instead of running nuclear power.

Oyster Creek and the Nine Mile Point Nuclear Generating Station near Oswego, New york city both entered into operation in December 1969. The U.S. Nuclear Regulatory Commission had actually long noted both centers as going on the internet Dec. 1, 1969– a date the agency acknowledged on Monday is inaccurate.

9 Mile Point says it entered into commercial operation on Dec. 14, 1969; Oyster Creek says it did so on Dec. 23, 1969. But Oyster Creek’s license was granted on April 10, 1969, the business said, about four months prior to one was offered to Nine Mile Point, according to a 1970 file from the United States Atomic Energy Commission, a precursor firm to the NRC.

Both plants, which are now owned by Exelon, say they have for decades considered Oyster Creek to be the older of the 2, an assessment extensively shared in the nuclear market.

“It’s a somber day,” stated Tim Moore, the plant’s vice president. “We viewed mentally as our reactor closed down for the very last time.”

There are now 98 staying nuclear power plants in the United States, stated NRC spokesperson Neil Sheehan.

The plant in Lacey Town near the Jersey coast has handled corrosion and leaks during its time in service, but its owner, Chicago-based Exelon Corp., states the plant has actually always been safe.

In 2010, Exelon reached a contract with the administration of previous New Jersey Gov. Chris Christie, a Republican, under which the plant would close down within 10 years in return for not being needed to construct costly cooling towers to satisfy upgraded ecological requirements.

New Jersey authorities are currently planning on changing a few of the lost generating capacity from Oyster Creek with offshore wind energy jobs. The state Board of Public Utilities agreed Monday to look for applications from companies interested in building such projects off the New Jersey coast.

The preliminary round of tasks would amount to 1,100 megawatts, almost twice the quantity created by Oyster Creek, which powered about 600,000 houses. Democratic Gov. Phil Murphy wants to have at least 3,500 megawatts of wind energy off the state’s coast by 2030.

In spite of the reality that nuclear power produces essentially no planet-warming greenhouse gases, many environmentalists had long looked for the shutdown of Oyster Creek for many years, mentioning deterioration that alarmingly thinned its reactor vessel, and the leak of radioactive tritium into groundwater on the plant website.

Jeff Tittel, director of the New Jersey Sierra Club, called Oyster Creek “a catastrophe waiting to take place. By closing early, it will help protect both the environment and public security. We’ve been combating this plant for more than 15 years and this closure is long past due.”

But the plant also has actually been the mainstay of the regional economy in Lacey Municipality, a small town in the Pinelands near Barnegat Bay where fishing and entertainment draw homeowners. The power plant is by far the town’s biggest company and source of real estate tax; the area’s coat of arms has a nuclear isotope in it.

Nick Juliano, the town’s Republican mayor, is worried about the effect of the plant’s shutdown on the local economy and real estate tax base. But he is heartened that 300 of the 400 workers currently utilized at the plant will stay there as fuel rods are gotten rid of and put into secure storage.

“We’re going to miss out on that plant,” he stated. “I wish they ‘d stay. The influence on the homes, the realty, there’s a lot of things we’re handling.”

Jupiter, Florida-based Holtec International plans to buy Oyster Creek next year and accelerate the decommissioning of the plant if needed approvals are granted.

Blackstone Closes On Among the Largest Multifamily Deals in Hawaii'' s History

New York City Company Pays Nearly $200 Million for 499-Unit Community on Honolulu, the Latest Financial Investment on the Island for Personal Equity Giant

Blackstone Group purchased a high-end house tower in Hawaii for near to $200 million in among the largest multifamily deals in the history of the tropical island chain state, reflecting the tightest local rental market in years.

The New york city investment giant laid out $197 million, or about $395,000 per system, for the Kapolei Lofts. That 499-unit garden-style complex of three-story structures was developed in 2015 at 761 Wakea St. in the town of Kapolei, on the island of Honolulu.

A regional broker, Commercial Property Advisors, dealt with the sale for the seller, Cleveland-based property investment trust Forest City Real estate Trust.

Hawaii’s home market is special, and Blackstone’s big investment is a procedure of trust financiers share. Almost HALF of homes in the Hawaiian Islands lease, and the economy is heavily dependent on tourist.

Home ownership is hard for many employees, and despite need for apartment or condos, development has actually been slow. Vacancy is now at 5.3 percent, the first time it has topped 5 percent in years, according to CoStar research study.

That tight rental market has helped Honolulu see lease growth of about 5 percent annually, a full 150 basis points above the national average.

Blackstone has actually revealed confidence in the Hawaiian economy just recently. The firm paid about $300 million for a Turtle Bay resort home, likewise on Honolulu, in January.

The Kapolei Lofts include a mix of one- to three-bedroom apartment or condos. The units have black appliances, wood-plan-style flooring and washer and clothes dryers. The facilities consist of 2 swimming pools, a gym with a yoga studio and electrical automobile charging stations.

In mid-2012, San Francisco-based Carmel Partners paid $300 million for the 1,455-unit Kapilina Beach Residences in Ewa Beach – the biggest single multifamily sale on record in Hawaii. Just recently, Hawaiian neighborhoods have actually also been included in big portfolio sales including New Senior citizen Investment Group’s $640 million purchase in 2015 of 28 U.S. independent living facilities, and a $208 million multifamily military portfolio sale in early 2016 to Hunt Cos. out of El Paso, Texas.

To find out more on Blackstone’s acquisition of Kapolei Lofts, please see CoStar Compensation # 4489862.

Blackstone Closes On One of Largest Multifamily Handle Hawaii'' s History

New York City Firm Pays Almost $200 Million for 499-Unit Neighborhood on Honolulu, Marks Most Current Investment on the Island for Private Equity Giant

Blackstone Group purchased a high-end house tower in Hawaii for near to $200 million in among the largest multifamily deals in the history of the tropical archipelago state, reflecting the tightest regional rental market in years.

The New York investment giant laid out $197 million, or about $395,000 per system, for the Kapolei Lofts. That 499-unit garden-style complex of three-story structures was developed in 2015 at 761 Wakea St. in the town of Kapolei, on the island of Honolulu.

A local broker, Commercial Property Advisors, managed the sale for the seller, Cleveland-based real estate investment trust Forest City Realty Trust.

Hawaii’s apartment market is special, and Blackstone’s large investment is a step of trust investors share. Almost HALF of households in the Hawaiian Islands lease, and the economy is heavily based on tourist.

Own a home is difficult for the majority of employees, and regardless of need for apartments, advancement has been slow. Job is now at 5.3 percent, the first time it has actually topped 5 percent in years, according to CoStar research.

That tight rental market has actually helped Honolulu see rent growth of about 5 percent annually, a full 150 basis points above the national average.

Blackstone has actually revealed confidence in the Hawaiian economy just recently. The company paid about $300 million for a Turtle Bay resort property, likewise on Honolulu, in January.

The Kapolei Lofts feature a mix of one- to three-bedroom homes. The units have black appliances, wood-plan-style floor covering and washer and dryers. The amenities consist of two swimming pools, a gym with a yoga studio and electrical automobile charging stations.

In mid-2012, San Francisco-based Carmel Partners paid $300 million for the 1,455-unit Kapilina Beach Homes in Ewa Beach – the largest single multifamily sale on record in Hawaii. Just recently, Hawaiian communities have also been consisted of in large portfolio sales consisting of New Senior Investment Group’s $640 million purchase in 2015 of 28 U.S. independent living centers, and a $208 million multifamily military portfolio sale in early 2016 to Hunt Cos. from El Paso, Texas.

For additional information on Blackstone’s acquisition of Kapolei Lofts, please see CoStar Comp # 4489862.

Hines Closes on 27-Story First Tower High-Rise in Downtown Calgary

Houston Company Strategies Major Redevelopment for First Tower in Oilpatch, in Face of Half-Full Structure and Rising Office Job Rate

Calgary’s hard luck office market isn’t scaring off an international realty company, which stated Wednesday it obtained the 27-storey Very first Tower despite the fact that it is only 51 percent rented.

Houston-based Hines, in addition to a subsidiary of real estate funds managed by Oaktree Capital Management out of Los Angeles, purchased the 708,354-square-foot high-rise in the downtown east submarket of Calgary, and is planning a major redevelopment at the structure home to Encana, Telus and TransCanada.

A report this week from CoStar Research kept in mind the overall office market vacancy rate in Calgary fell 30 basis points in first quarter of 2018 from completion of 2017, but is still up 70 basis points year over to 15.3 percent. That rate is anticipated to climb in 2018 with the delivery of Telus Sky, a 761,235-square-foot, mixed-use tower presently under construction at 7 Ave. SW and Centre St. in Calgary’s main core, in 2018. The downtown job rate is more than 21 percent.

Increases in the vacancy rate from a year ago are being driven by new supply and that lots of tenants that pre-leased area are now putting the area they no longer require on the sublet market, according to CoStar Research study. Net asking rental rates fell 1.1 percent in the first quarter from the end of 2017 and 2.2 percent from a year ago to $16.92 per square foot.

In the face of those numbers, Hines and partner Oaktree are pushing ahead with a significant upgrade to the home at 411 1st St., part of the +15- connected office complex network that connects the city’s core through confined pathways. The group is guaranteeing a “extensive redevelopment” of the 34,000-square-foot +15- level – something it feels will drive renters to the structure.

No price was divulged on the deal or just how much will be spent on redevelopment.

” As a company, our company believe in, and are committed to, the city of Calgary with First Tower being Hines’ 2nd workplace acquisition during the recent energy recession,” stated Syl Apps, Hines handling director, in a declaration.

New area being updated will consist of a tenant lounge/collaboration location; a café and food service location with the possibility for a differentiated food hall concept; an outside balcony; a physical fitness and health centre and a modern, versatile conference facility.

For more information on the transaction, please see CoStar Compensation # 4208236.

Garry Marr, Toronto Market Reporter CoStar Group.

Priciest Piece of Cominar Deal Closes for $195.1 Million

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Information Coming in for A Few Of the Properties Sold in $1.14 Billion Handle Slate, Including 55 University Avenue

Visualized: 55 University Ave. in Toronto.The most costly home in Cominar Realty Investment Trust’s sale of$ 1.14 billion of its possessions was an 18-storey building that Slate Acquisitions resold for $195.1 million, according to land transfer records. Winnipeg-based I.G. Financial Investment Management Ltd. was the supreme purchaser of 55 University Ave. in Toronto, however the business seems a subsidiary of Investors Group, a brand of publicly-traded IGM Financial Inc. IGM itself is a subsidiary of Power Corp. of Canada. With its December 2017 handle Slate closing in March, more information on the major personality on exactly what was called at the time 97 non-core residential or commercial properties with 6.2 million square feet of space, are starting to become clear. The non-core market portfolio was made up of possessions in the Greater Toronto Location, the Atlantic provinces and western Canada. Cominar stated at the time that the general capitalization rate of the income-producing homes to be offered was estimated at 6.2 percent, including

5.3 percent for the Greater Toronto Area. The REIT stated it wound up offering 95 homes for$ 1.14 billion while Slate presumed $106.2 million of home loan debt.” I am delighted to have closed the sale of Cominar’s non-core market portfolio. This transaction will allow Cominar to focus on its core markets portfolio in Montreal, Québec City and Ottawa,” stated Sylvain Cossette, president and president of Cominar, last month. However, prior to the deal was closed, Slate started marketing parts of the portfolio consisting of the building at 55 University Ave. it offered to Financiers, and lining up deals in advance of the close that saved money on some land transfer fees. Ultimately, said one source, Slate may have created$ 100 million to$ 150 million more on the rate paid to Cominar, which saw Michael Dallaire, the business’s former president, resign as chairman of the board of trustees in February

. In November 2017, Cominar stated Sylvain Cossette was taking control of as chief executive officer, a move that coincided with the choice to offer non-core assets to reduce the company’s debt ratio. RBC Capital Markets and CBRE were maintained, and about a month later the deal with Slate was announced. A few of the assets obtained by Slate were offered to associated entities. Slate Workplace Realty Financial Investment Trust paid$ 191.4 million to buy 7 homes in the GTA and Atlantic Canada at$ 192

per square foot.” It’s unclear what does it cost? this created for Slate, “said another source. Some of the properties offered by Cominar , like 55 University Ave., were purchased by the REIT as part of a portfolio. Another residential or commercial property sold by Slate before the offer

closed was 6325 Northam Drive. KingSett Capital openly acknowledged it had purchased a 33-acre site near the Toronto airport, called the American Business Park, but did not divulge the price. CoStar research study shows the website, that includes 552,675 square feet of commercial area, sold for$ 90.6 million.” You can’t really say who did well on this today. You cannot state Slate won this or Cominar. There is simply too much real estate, “stated one source.” For Cominar, they wished to eliminate some stuff and Slate has the capital and is a little bit more active to resolve all the real estate.

” The REIT did reveal last month it was shocking its board, bringing in 3 brand-new members it referred to as having deep property and capital markets experience. To find out more on the sale of 55 University Ave., please see CoStar Compensation # 4196443.< a class=" hover" href= "mailto:[email protected]"

target=” _ top “> Garry Marr, Toronto Market Press Reporter CoStar Group.

Heavy snow in Sierra Nevada closes roadways, prompts cautions

Friday, March 16, 2018|3:18 p.m.

RENO– It’s a snow day in northern Nevada, where heavy build-up from a late-winter storm closed schools and public buildings in the Reno location, postponed opening a ski resort in the Sierra Nevada and triggered the closure of Interstate 80 to California.

Nevada Highway Patrol Cannon Fodder Matthew McLaughlin the interstate was closed Friday in between the Nevada state line and Colfax, California.

Mount Rose Highway also was closed during the morning, and Mount Rose Ski Area opened late.

The National Weather Service provided winter season storm and avalanche cautions for backcountry mountains, and meteorologist Evan LaGuardia said the 10 inches tape-recorded at Reno-Tahoe International Airport pushed the monthly accumulation to the fourth-most in last 100 years.

LaGuardia says another storm is due next week.

McLaughlin reported multiple reports of vehicles skidding off roadways in the Reno area, but stated no major injuries were reported.

Stretch of U.S. 95 closes for the weekend

Project Neon closures are affecting Las Vegas commuters throughout the weekend of March 10, 2018 (FOX5).
 Job Neon closures are affecting Las Vegas commuters throughout the weekend of March 10, 2018 (FOX5).

Project Neon closures are impacting Las Vegas commuters throughout the weekend of March 10, 2018 (FOX5).

LAS VEGAS( FOX5) -Several brand-new modifications to Project Neon left drivers confused and irritated today. So if you’re out and about this weekend, the greatest thing motorists will wish to keep in mind is to prevent the U.S. 95 near downtown Las Vegas.
The final stage of Job Neon, known as the “Centerpiece,” is underway and it’s triggering a longer, messier commute for some drivers.
” It was a little busy so I was a little late,” one chauffeur said

Drivers will likely feel more frustration this weekend.
Starting Friday night, the United States 95 will be closed at the I-15 interchange till Monday early morning.

At the exact same time neighboring stretches of Martin Luther king Boulevard and Las Vegas Boulevard will also be shut down.
” That’s going to affect a lot especially with the occasions pertaining to town and things it’s going to impact a lot,” a chauffeur stated.
And while many understand it’s required they likewise can’t wait up until all the roadway work is complete.
” I know it’s going to be for the much better good however at the moment it’s slowing me down,” a driver stated.
If you require help browsing around the construction zones, NDOT partners with the Waze navigation app and sends out updates in genuine time.

Copyright 2018 KVVU( KVVU Broadcasting Corporation). All rights scheduled.

Display Theater closes, leaving Strip without a movie theater

Tuesday, Jan. 23, 2018|1:30 p.m.

. The only movie theater on the Las Vegas Strip has closed after more than Twenty Years, a manager said today.

The eight-screen Regal United Artists Display Theater at the Display Mall, on the north side of the MGM Grand, opened in 1997.

“Absolutely nothing has actually been put in its location,” Showcase Mall Manager Jason Crawford stated. He referred other concerns to Regal Cinemas, which did not right away respond to an ask for comment.

Online evaluations of the shuttered theater were mixed, with guests utilizing words like “old,” “dated” and “vintage” to explain it. Others stated the theater was tidy and had a great image.

Unlike modern-day theaters with stadium-style seating, Display Theater featured rows of seats on the same elevation.

Theater near the Strip include areas at the Palms and Orleans, as well as at Town Square shopping mall, simply south of the Strip.

Disneyland closes down cooling towers over Legionnaires' ' cases

By Susannah Cullinane, CNN

(CNN)– Disneyland Park has actually shut down two cooling towers at its park in Southern California following an outbreak of Legionnaires’ disease.

Orange County health officials said nine people who checked out the Anaheim theme park in September established the disease.

An extra three people who had been to Anaheim however not Disneyland got sick too, stated Jessica Good, a spokesperson for the Orange County Healthcare Agency. One client, who had not gone to the park and had extra health concerns, died, she said.

The 12 patients are between ages 52 and 94, and 10 were hospitalized, she said.

CNN has actually reached out to Disneyland for comment however has actually not heard back.

“To date, no additional Legionella cases have actually been related to prospective direct exposure in Anaheim after September,” Good said. “There is no recognized ongoing threat associated with this break out.”

Legionnaires disease is an extreme form of pneumonia triggered by Legionella germs, in some cases found in water supply. It is usually contracted by breathing mist from the water that contains it. The source of the mist can be a/c units in big facilities, showers or jacuzzis. Legionnaires’ illness is not infectious in between people.

County health officials recognized Disneyland Park as a typical place of eight of the cases last month, and have actually been working to recognize possible sources, Good said.

Disneyland Park notified health officials this month that elevated levels of Legionella had been identified in two of its 18 towers, which were then dealt with and decontaminated.

Disneyland took the towers out of service on November 1 and informed the health agency it had actually performed extra disinfecting and testing. It brought the towers back into service November 5, however two days later, they were gotten of service again, she stated.

Health officials subsequently released an order that the towers stay shut down up until they are verified to be free from contamination. The results of the tests will not be known for about 2 weeks.

The-CNN-Wire
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Deadly crash including police closes part of Las Vegas Boulevard

Metro at the scene of a fatal crash on South Las Vegas Boulevard on Sept. 20, 2017. (Luis Marquez/FOX5)< img src= "/wp-content/uploads/2017/09/14960452_G.jpg" alt=" City at the scene of a fatal crash on South Las Vegas Boulevard on Sept. 20, 2017.
Metro has portion of Las Vegas Boulevard closed due to a fatal crash on Sept. 20, 2017. (LVACS)( Luis Marquez/FOX5)” title=” Metro at the scene of a deadly crash on South Las Vegas Boulevard on Sept. 20, 2017. (Luis Marquez/FOX5)”

border=” 0 “width=” 180″/ > City at the scene of a deadly crash on South Las Vegas Boulevard on Sept. 20, 2017.( Luis Marquez/FOX5).City has portion of Las Vegas Boulevard closed due to a deadly crash on Sept. 20, 2017.( LVACS) City has portion of Las Vegas Boulevard closed due to a deadly

crash on Sept. 20, 2017.( LVACS). LAS VEGAS( FOX5 )-. Metro authorities are examining a fatal crash that involved among their own officers early Wednesday early morning. The Las Vegas Metropolitan Cops Department reported a vehicle accident just after 3:30 a.m. at the crossway of Las Vegas Boulevard and

Serene Avenue. Authorities upgraded the incident and stated the crash was a deadly collision that included a Metro officer. Roadway closures remained in place at the scene of the mishap and alternate routes were suggested by police

. The Henderson Cops Department has taken over the examination of the crash due to City participation, inning accordance with cops representatives.

Authorities did not release any further instant info from the scene. Stay with FOX5 for updates on this story.

Copyright 2017 KVVU ( KVVU Broadcasting Corporation). All rights scheduled.