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Robotic recreates the walk of a 290-million-year-old animal

Ancient Animal Robot

 Ancient Animal Robot Tomislav Horvat, Kamilo Melo/EPFL Lausanne/ AP

This undated picture offered by researchers in January 2019 shows the OroBOT, based upon an Orobates Pabsti fossil. Scientists have used a nearly 300-million-year old skeleton and maintained ancient footprints to produce the moving robotic design of ancient life.

Wednesday, Jan. 16, 2019|1:49 p.m.

WASHINGTON– How did the earliest land animals move? Scientists have actually used an almost 300-million-year old fossil skeleton and preserved ancient footprints to create a moving robot design of prehistoric life.

Evolutionary biologist John Nyakatura at Humboldt University in Berlin has invested years studying a 290-million-year-old fossil dug up in central Germany’s Bromacker quarry in 2000. The four-legged plant-eater lived before the dinosaurs and interests researchers “due to the fact that of its position on the tree of life,” said Nyakatura. Researchers believe the animal is a “stem amniote”– an early land-dwelling animal that later evolved into modern mammals, birds and reptiles.

Scientists think the very first amphibious animals emerged on land 350 million years ago and the first amniotes emerged around 310 million years back.

The fossil, called Orabates pabsti, is a “magnificently preserved and articulated skeleton,” said Nyakatura. What’s more, researchers have actually previously identified fossilized footprints left by the 3-foot-long (90 cm) animal.

Nyakatura teamed up with robotics professional Kamilo Melo at the Swiss Federal Institute of Technology in Lausanne to develop a design of how the animal moved. Their results were published Wednesday in the journal Nature.

The researchers built a life-size reproduction of the ancient beast– “we carefully designed each and every bone,” stated Nyakatura– and after that tested the motion in various ways that would lead its gait to match the ancient tracks, ruling out mixes that were not anatomically possible.

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Legal Counsel Bureau looks for $72.4 million budget

Friday, Dec. 21, 2018|3:24 p.m.

CARSON CITY– The Legislative Counsel Bureau is seeking $72.4 million for the coming biennium.

The Nevada Appeal reports that is a 7.1 percent boost in its current budget.

Bureau Director Rick Combs informed the Legal Commission he’s looking for approval to utilize $1.84 million in one-shot expenses for a laundry list of projects.

That total consists of $1.72 million for the interim Senate and Assembly staff and operating costs in between sessions.

Combs states one reason for the increase is transferring $552,720 in publications revenue from the Legal Department budget to offset the cost of the 2019 session. When that’s figured in, the boost in General Fund drops to 6.3 percent or $4.3 million.

The Legislative Commission authorized forwarding the proposed budget to the governor for inclusion in the state budget plan bundle that legislators will begin reviewing in January.

Marijuana tax collections leading $7 million in September

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Steve Marcus Edibles are shown throughout the grand opening of a MedMen marijuana dispensary, 823 S. 3rd St., in downtown Las Vegas Wednesday, July 18, 2018.

Wednesday, Nov. 28, 2018|2:08 p.m.

Tax proceeds from legal marijuana sales in Nevada topped $7 million in September, falling just short of the single-month record embeded in August, officials announced today.

The industry brought in more than $7.49 million in September, which includes a 15 percent wholesale tax on medical and recreational pot and a 10 percent excise tax on leisure weed sales, the Nevada Department of Taxation reported.

That’s down from $8.1 million in August and $7.9 million in July, but more than the $7.12 million gathered in June.

“We’re seeing some little up and down variations in revenue from month to month, however the general trend is one of substantial growth over last year,” stated Costs Anderson, the department’s executive director.

The state gathered $3.34 million from the wholesale tax paid by growing and production facilities and just over $4.15 million from the excise tax.

The guv’s office forecasted approximately $5 million a month would be raised from the 2 tax sources from July 2017 to July 2019, leading to an overall collection of $120 million.

The market shattered tax projections in the very first fiscal year of sales, raising 140 percent of predicted collections, Anderson said. Through the very first quarter of financial 2019, collections are double the very same duration the previous year, he stated.

Under Nevada law, profits from the wholesale tax is allocated to fund state and local government policy of the industry. Anything left is deposited into the Distributive School Account. Income from the excise tax goes to the Nevada Rainy Day Fund.

Neil Armstrong souvenirs brings $7.5 million at auction

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Associated Press Astronauts Neil Armstrong and David R. Scott show up March 16, 1966, at Complex 19 for a simulated test in preparation for flight.

Sunday, Nov. 4, 2018|10:06 a.m.

DALLAS– Souvenirs that belonged to the very first guy to set foot on the moon, Neil Armstrong, has actually brought more than $7.4 million at auction.

Dallas-based Heritage Auctions says the item that cost the highest price, $468,500, at Saturday’s auctionwas Armstrong’s spacecraft ID plate from Apollo 11’s lunar module Eagle. Likewise offered were a piece from the propeller and a section of the wing from the Wright bros’ Flyer, the very first heavier-than-air self-powered aircraft, which each sold for $275,000.

The flight fit Armstrong used aboard Gemini 8, the 1966 mission that performed the very first docking of two spacecraft in flight, brought the astronaut’s household $109,375.

On the other hand, in a different auction, a gold-colored Navy aviator’s helmet when owned by John Glenn, the very first American to orbit the earth, cost $46,250.

Former utility worker pleads guilty in $6.7 million workplace supply scheme

Tuesday, Oct. 9, 2018|3:38 p.m.

. A previous Las Vegas Valley Water District worker might confront 23 years in prison for defrauding the energy business out of more than $6.7 million, according to the Workplace of the U.S. Lawyer for the District of Nevada.

Jennifer J. McCain-Bray, 43, who also goes by the name JJ McCain, pleaded guilty today in U.S. District Court to one count each of mail fraud and registering for an incorrect income tax return, authorities said.

For about nine years starting on Jan. 1, 2007, McCain-Bray fraudulently bought about $6.7 countless ink and toner cartridges utilizing Water District funds, declaring the products were for the utility’s use, authorities said. McCain-Bray worked as a buying analyst.

In truth, she designed a plan in which the products were delivered to her office at the energy business, where they were relabeled, repackaged and sent to a New Jersey business, which resold them for a profit, authorities said.

The New Jersey company would then move loan to McCain-Bray’s individual PayPal account, authorities said. She utilized the money to take pleasure in a luxurious way of life, consisting of substantial home renovation, journeys and presents for friends and family.

From 2011 to 2015, McCain-Bray likewise stopped working to report more than $2.3 million in incomes to the Internal Revenue Service, which examined the case with the FBI, authorities said.

McCain-Bray confronts 20 years in prison for mail scams and approximately three years for submitting false income tax return, in addition to $500,000 in fines, officials said. She was ordered to repay the $6.7 million.

Sentencing is set up for Jan. 29.

More than 20 million individuals viewed Kavanaugh hearing

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Tom Williams/pool image/ AP Sen. Lindsey Graham, R-S.C., points as Democrats as he safeguards Supreme Court candidate Brett Kavanaugh at the Senate Judiciary Committee on Capitol Hill in Washington, Thursday, Sept. 27, 2018.

Friday, Sept. 28, 2018|4:14 p.m.

New York City– More than 20 million people viewed Thursday’s gripping testimony by Supreme Court nominee Brett Kavanaugh and the lady who accused him of a sexual assault that supposedly happened in the 1980s, Christine Blasey Ford, on six tv networks.

Meanwhile, the political standoff continued, with broadcasters disrupting routine programs for Friday’s last-minute twist: an arrangement engineered by Arizona Sen. Jeff Flake for the FBI to conduct a one-week investigation of the charges.

Ford informed the Senate Judiciary Committee that she’s 100 percent particular that Kavanaugh searched her drunkenly and tried to remove her clothing at a high school party. Kavanaugh, in impassioned testament, stated he’s One Hundred Percent certain that it didn’t take place.

It’s likely that more than the 20.4 million people reported by Nielsen on Friday viewed it. The business was counting typical viewership on ABC, CBS, NBC, CNN, Fox News Channel and MSNBC. Figures weren’t instantly readily available for other networks that revealed it, consisting of PBS, C-SPAN and the Fox Service Network. And Nielsen usually has some difficulty measuring individuals who watch in workplaces.

To put that in viewpoint, that’s an audience size just like that for a playoff football game or the Academy Awards.

Fox News Channel, whose viewpoint hosts have highly backed Kavanaugh’s appointment, led all networks with approximately 5.69 million audiences throughout the all-day hearing, Nielsen said.

ABC was 2nd with 3.26 million audiences. CBS had 3.1 million, NBC had 2.94 million, MSNBC had 2.89 million and CNN had 2.52 million, Nielsen stated.

Interest remained high after the hearing. Nielsen said 11.8 million people enjoyed cable television programs hosted by Sean Hannity, Rachel Maddow or Chris Cuomo at 9 p.m. ET on Thursday, which likely put a dent in viewership for the fall premieres of broadcast network prime-time programs.

Flake was the main figure in Friday’s drama. After the moderate Republican’s office provided a declaration that he would be voting in favor of Kavanaugh, he was caught be CNN and CBS electronic cameras Friday early morning being shouted at by protesters as he attempted to ride an elevator to a Judiciary Committee hearing.

He stood with eyes downcast for several minutes as he was berated, telecasted live on CNN. “I’m standing here in front of you,” one woman said. “Do you believe he’s informing the reality to the country?”

He was informed, “you have power when so many ladies are helpless.”

Flake said that his office had released a declaration and stated, before the elevator closed, that he would have more to state at the committee hearing.

The cable and broadcast networks were all covering live hours later on, when the Judiciary Committee was to vote to advance Kavanaugh’s election to the full Senate for a vote. But Flake stated he would only do so with the understanding that the FBI would check out the allegations versus the candidate for the next week, which minority Democrats have actually been advising.

Flake’s words had power, because it appeared Republicans would not have the votes to authorize Kavanaugh without the investigation.

Convention Center expansion cost set at $935 million

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Rendering Courtesy The $860 million task is set for the website of the former Riviera.

Tuesday, Sept. 11, 2018|12:05 p.m.

. The Las Vegas Convention and Visitors Authority board today set the maximum cost for the Las Vegas Convention Center expansion at $935 million.

The task initially was allocated $860 million. The boost shows a $10.5 million acquisition of a neighboring residential or commercial property, construction additions and changes in the building market, officials said.

The expansion will include 600,000 square feet of exhibit area and a 25,000-square-foot outside occasions terrace.

The job is being spent for with hotel room-tax income.

Wells Fargo Structure Sale of $193 Million Sets Record for Beverly Hills

StarPoint Properties Bought One of Only 5 Office Complex Bigger than 200,000 SF in City

The Wells Fargo Building, at 433 N. Camden Drive, has sold for $193 million in the most costly single office building sale in the history of Beverly Hills, California

. Real estate financial investment firm StarPoint Characteristic stated it bought a Beverly Hills, California, office building known as the Wells Fargo Structure for $193 million in an offer that marks the most costly single-asset office sale in the swank city’s history.

The structure’s initial owner and designer, Camden Properties Ltd., sold the 207,432-square-foot, Class An office complex at 433 N. Camden Dr., in the preferable “Golden Triangle” in Beverly Hills, inning accordance with CoStar data. It was built 46 years ago and refurbished in 2003, records reveal.

The Wells Fargo Structure is the fifth-biggest workplace property in Beverly Hills, and one of just five towers topping 200,000 square feet in the city, inning accordance with Stephen Basham, senior market analyst at CoStar Market Analytics.” This is, undoubtedly, a core investment market that any institutional investor would enjoy to own in,” Basham stated by e-mail. “Owners have the tendency to hold their possessions once they establish a presence here.”

The building sold for about $930 per square foot, slightly above the average sales price for an office building in the city of Beverly Hills in the past 12 months however significantly above the Los Angeles County average of about $367 a square foot, according to CoStar data.

” It’s not uncommon to see Beverly Hills assets trading for far above the general Los Angeles average,” Basham kept in mind.

Tenants in the structure consist of Wells Fargo, the law practice Jaffe and Clemens, Black Equities Group Ltd. and Barrister Executive Suites Inc.

. Paul Daneshrad, president of the 23-year-old StarPoint Properties in Beverly Hills, stated he has had his eye on the home, which is literally in eye sight of his company’s head office at 450 N. Roxbury Drive.

” Portfolio management and market timing are important to optimizing our investors’ returns and have been crucial to our success for 25 years,” Daneshrad said through email.

He added that StarPoint sold two multifamily properties for a considerable earnings in order to reinvest the capital “into the Class An office marketplace” as part of a 1031 exchange, which permits a financier to avoid capital gains taxes if the profits from a sale are reinvested into a similar residential or commercial property within a specific amount of time.

StarPoint Characteristics offered two Southern California apartment complexes, in Upland and West Covina last month for $122.25 million.

It offered a 259-unit residential or commercial property at 624 S. Glendora Ave. in West Covina for $74 million, a 43-percent increase to its purchase cost four years ago, to Benedict Canyon Equities, inning accordance with CoStar research study.

It also sold a 232-unit home at 1334 W. Foothill Blvd. in Upland for $48.25 million, a 215-percent worth boost to its purchase price of $15.18 million 17 years back. The buyer was Carlsbad-based Virtu Investments, inning accordance with CoStar information.

StarPoint Characteristic prepares to remodel the Wells Fargo structure, including its indoor and outdoor areas, update workplaces, and transform a fourth-floor, 6,500-square-foot deck to an al fresco lobby that will include sculpture gardens and a new fa├žade.

Bob Safai, establishing partner and president of Madison Partners, was the listing broker for the sale.

Karen Jordan, Los Angeles Market Reporter CoStar Group.

New Haven-Area Rentals Bring $136 Million in Largest House Sale in Connecticut History

Jones Street’s Purchase of Town Stroll Sets New Record for Nutmeg State, Though a $165 Million Apartment Sale in Downtown New Sanctuary May Not be Far Behind

Boston home designer Jones Street Investment Partners has actually closed on an apartment complex near New Sanctuary in a deal that signs up as the largest single multifamily sale ever in the state of Connecticut, though the record may have a brief run.

Jones Street paid $136.5 million, or about $179,000 per system, for the Town Walk at Hamden Hills, a vast 764-unit, garden-style complex in Hamden. Located at 100 Town Stroll Dr., the property is about 75 miles northeast of downtown Manhattan, and simply outside New Haven.

Rental homes in Connecticut have actually cost more on a per-unit cost basis. However the Town Walk is the most significant pure dollar rate paid in the state for any single house residential or commercial property, according to CoStar data and area brokers.

Until now, the record had been $134.7 million. That’s what Capri Investment Group of Chicago paid for the 101 Park Location apartment or condos in Stamford, Connecticut, in January 2014. That equated into $401,000 per system for the 336-apartment complex.

Home to Yale University, Quinnipiac University and the University of New Sanctuary, the city is a college town, with education and health services as the most significant employment sectors. Neither sector is renowned for its increasing development, and the regional economy shows that with a few of the greatest unemployment rates in the Northeast, inning accordance with CoStar research.

Nevertheless, development of brand-new apartment or condos has actually been nearly minimal over the last few years, keeping the vacancy rate stable and low.

However, there are 2 future advancements proposed in New Haven that might be market changing. Northland Investment Corp. has actually started demolition of an aging real estate project called Church Street South. The Newton, Massachusetts-based designer is seeking to construct a mixed-use advancement with about 1,000 apartments. Work simply began this spring.

And at 275 South St., the site of the former New Haven Coliseum arena, the city of New Haven has actually selected a Canadian designer to re-develop a site for another 1,000 apartments. LiveWorkLearnPlay, of Quebec, intends to begin deal with the task next spring.

Hamden belongs to the relatively little however constant New Sanctuary home market. The typical job in the market is 4.5 percent, a notch listed below the 5.7 percent nationwide average, according to CoStar information. A great chunk of the rentals in the market are clustered around Yale University.

Though it sets the watermark for now, Town Walk’s pricing record might not last long. CBRE is presently marketing 360 State St. in downtown New Haven. That 500-unit, 32-story tower is expected to bring in bids of $165 million, or more.

Established in 1992, the Town Walk neighborhood is now about 95 percent rented. However the age of the residential or commercial property may make it ripe for some unit improvements that could boost rents.

The homes are a mix of one- to three-bedroom systems, with walk-in closets, washers and clothes dryers and open kitchen areas with white appliances. The property’s facilities consist of tennis and racquetball courts, a swimming pool, park and fitness center.

HK Group’s Matthew Keefe and Ricardo Cordido brokered the sale for Baker Residence, an owner-operator based in White Plains, New York City.

For more details on the sale of Town Walk, please see CoStar Compensation # 4492593.

Genuine Brands Group Makes $35 Million Bid for Brookstone Ahead of Auction

Genuine Brands Group has offered to purchase Brookstone’s staying possessions.

A licensing company understood for purchasing up formerly struggling retail brands is trying to resuscitate device and gifts chain Brookstone, which said it plans to close 101 mall stores.

Authentic Brands Group, which has actually been referred to as a “hospital” that brings back iconic brand names, made a $35 million initial bidder deal today to obtain the assets of Brookstone, the retailer that declared Chapter 11 bankruptcy defense this month.

Brookstone announced it would close all 101 of its shopping mall shops and look for a purchaser for its 34 shops located in airports throughout the nation. It stated in a statement that Authentic Brands’ proposal “includes an expressed interest in identifying a partner to keep and make the most of Brookstone’s renowned retail organisation.”

Brookstone, based in Merrimack, New Hampshire, called the quote a “baseline” ahead of a set up Sept. 24 auction “that goes through greater and better deals.” The company said it expects the auction to be competitive.

Genuine Brands Group is a New York City-based brand advancement, marketing and home entertainment business. It owns 33 brand names, consisting of Hart Schaffner Marx, Hickey Freeman, Juicy Couture, Aeropostale, Shaquille O’Neal and Marilyn Monroe clothes, shoes or fashion jewelry lines. They deal with physical and e-commerce merchants to sell the branded items. It recorded $7.6 billion in retail sales last year, according to its website.

Expert Marie Driscoll wrote in the Robin Report, a provider of retail analysis, that Genuine Brand names resembled a “brand name hospital, where renowned brands that lost their appeal get dusted off.”

Driscoll wrote that “ABG is unencumbered with physical properties that make rotating difficult,” describing that ABG runs brands and not stand-alone stores. “This is an appealing business model and one of the disruptive forces in retail today.”

Brookstone, which was founded in 1965, reported properties of $50 million to $100 million in its insolvency filing, but liabilities in between $100 million and $500 million.

The company, which filed the petition in the Personal bankruptcy Court for the District of Delaware, had actually formerly declared bankruptcy in 2014 and was offered to financiers in China.

Editor’s note: Story has been upgraded to fix Marie Driscoll’s name.