CBRE acquires 35% stake in flex-office provider Industrious

first_imgCBRE CEO Bob Sulentic and Industrious CEO Jamie Hodari (Getty, Industrious/Illustration by Kevin Rebong for The Real Deal)CBRE Group has acquired a 35 percent stake in Industrious ahead of the flex-office provider’s possible 2021 IPO.“We are big believers in the flexible workspace arena and see a tremendous opportunity,” CBRE CEO Bob Sulentic said in an interview with Bloomberg News.The investment makes CBRE the largest shareholder in Industrious, and it’s not done yet: The real estate giant plans to buy another 5 percent stake in the company in the next few weeks, Sulentic said.Dallas-based CBRE paid about $200 million in cash for primary and secondary shares, and is transferring its own flexible workspace brand Hana, which operates 10 locations in the U.S. and U.K., to Industrious as part of the transaction, the companies said.Read moreAs flex-office space contracts, Industrious grows NYC footprintIndustrious partners with landlords to offer tenants satellite workplacesCBRE latest real estate firm to hop on SPAC bandwagon Message* The deal values Industrious at more than $600 million, a person with knowledge of the matter told the publication. Sulentic and Emma Giamartino, CBRE’s global chief investment officer, are joining Industrious’ board.Industrious co-founder and CEO Jamie Hodari said the firm’s focus on customer service and its business model based on management agreements with landlords, rather than traditional leases, have been validated.“It’s partly why we’ve been able to spend the last year planting while others were pruning,” Hodari said.Industrious has told The Real Deal that the company plans to go public later this year or early 2021.The move comes at a time when Industrious’ rivals in the flex-office space have been in retreat. Regus and Knotel recently filed for bankruptcy, with the latter set to be acquired by Newmark Group. WeWork is “rightsizing” its footprint as it looks to achieve profitability and contemplates an IPO sometime this year. [Bloomberg News] — Akiko MatsudaContact Akiko Matsuda Email Address* Full Name* Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Share via Shortlink Tags CBRE GroupCo-workingCommercial Real EstateIndustriouslast_img read more

Medeski Martin & Wood Postpone Anniversary Shows With Chris Wood Hospitalization

first_imgRecently, The Wood Brothers were forced to postpone and cancel a series of performances, with an unknown health issue plaguing one of its members. Today, Medeski Martin & Wood have followed suit, postponing a planned run of performances in New York, NY due to the hospitalization of bassist Chris Wood.Wood, a member of both bands, was hospitalized on tour with an intestinal blockage. He underwent surgery just last week, and, while the operation was successful, it means that the MMW shows will not happening as planned.The three night run at Le Poisson Rouge in New York, NY was scheduled for this week, October 18-20, but will now be rescheduled to January 16-18, 2017. The shows were meant to celebrate the band’s 25th anniversary, as they formed in 1991 in New York City.We wish Chris Wood all the best on his road to recovery. You can see the band’s full statement below.last_img read more

Solving a Global Cultural Crisis Without Moral Authority

first_imgOne cannot order scientists what not to do without appealing to a higher authority than man.“Human germline editing needs one message,” said the editors of Nature last week. “Science academies and the World Health Organization must act in unison.” There’s that word must. Like should and ought, the word implies morality. Scientists must do something. Scientists must not do other things. Says who?The speed of technological advance, coupled with some scientists’ determination to press ahead with editing human germline cells — eggs, sperm and embryonic cells — has been sounding alarm bells for nearly five years. Editing could produce unpredictable changes that an individual’s descendants will inherit — with potentially wide-reaching societal implications. Academies, governments and ethicists have been considering how to regulate this. But the manner in which it is being done is suboptimal.The editors must be kidding themselves. These are the very people who have pushed Darwinian evolution on the world since Darwin was still alive, who appreciated the good publicity he got from Nature magazine. The same Darwinian worldview is promoted by most science academies and the World Health Organization on whom they rely to “do something” about this crisis.On what basis are they going to tell other scientists what they must do? Is it because human brains “appeared” by the Stuff Happens Law, and “evolved” to cooperate? Their worldview promotes non-cooperation and a universal struggle for dominance even more than it conceivably might promote cooperation.Their worldview also believes that humans came to dominance by chance mutations. They believe that accidental events, perhaps a meteorite impact, turned tree-climbing apes into savannah hunter-gatherers who took over the world by learning how to control fire. All those things were selfish and utilitarian, not “moral” by any stretch. And now, humans are causing other “potential wide-reaching societal implications,” they believe, such as destroying the planet by anthropogenic climate change. Is that “suboptimal” too?There are some within the evolutionary camp who believe it is inevitable that humans will meld with machines, which will eventually discard their fleshy parts and evolve into cyborgs that will reproduce around the galaxy. So why do they think they can say, “Thou shalt not edit the human germline,” when that is the very thing their worldview expects?In their morality, the culture with the most fitness wins. Do they really think they can stop rogue regimes, like China, Iran, or North Korea, from doing whatever it takes to dominate the world? If there is any ‘good’ in Darwinism, it is that: Dominance. Power. Fitness. Survival. Stuff will happen, and there’s nothing they can do about it.Their imago dei is showing. Something deep in their hearts is crying out, saying that tampering with the human germline is dangerous (which it is). Without any appeal to a Creator God who makes the rules, these editors’ pleas are whispers in the wind.By the way, God is doing something about it. But He gave us fair warning that things are going to go from bad to worse—a lot worse—under a tyrannical world ruler possessed by Satan, whom mankind chose over their Creator. The catastrophic collapse of human effort to control the world will display forever the weakness of Satan as well as the futility of fallen man to solve his deepest problems and meet her greatest needs. Take the way of escape while you can.Credit: Decision Magazine cover, Dec 1966.(Visited 256 times, 1 visits today)FacebookTwitterPinterestSave分享0last_img read more

Using the Channel Mixer for a Better Black-and-White

first_imgCranking the green and dropping the red and blue brings the background way up for a super bloomy look: Cranking up the red channel and dropping the other two brightens up the skintones, increases contrast, and even brings down the exposure on that sign in the background: Much moodier now that the mysterious man’s face is in shadow. If you raise the blue and drop the green, it does a great job of darkening the background between the two men and removing some of that distraction: One example where using the channel mixer in After Effects is particularly useful is with close-up shots of talent. Notice how with the default black-and-white the lips don’t really have tonal definition.By lowering the red and blue channels and raising the green, the contrast in the skintones is raised and you start to see good definition, especially with the lips:The channel mixer in After Effects is a great tool for better flexibility with your black-and-white looks. Get finer control over skintones through the red channel and the ability to re-light shots.center_img Use the channel mixer to create great monochromatic looks that are much more dynamic than a plain desaturation!When working on a black and white color grade in your video editing projects, typically the only tools people reach for are desaturation and contrast. However, there’s a better way to get your black and white look, and to have a lot more flexibility in the final outcome.In this post we’ll share how to use the monochrome channel mixer in Adobe After Effects to give your video a custom black and white treatment.The channel mixer is an effect that mixes the amount of red, green, and blue in each individual RGB channel. It can be a little hard to work with in color, but there’s a “monochrome” checkbox at the bottom, and the black and white controls are a lot easier to use. When you’re in monochrome mode, only the red channel controls work, but you can control the brightness of each channel. With this you can basically re-light the shot. It’s easier to see with an example, so we’ll work with this shot:Here’s the basic black and white look; not bad, but a little bland: Here’s a look at what we can do with a little channel tweaking. Since most of the color in our skin is in the red channel, look what happens when we lower that channel, then raise the others to compensate for exposure:last_img read more

IPL 2011: Chennai Super Kings’ road final

first_imgChennai’s road to final in IPL-4Here’s how Chennai IPL team, lead by India skipper Mahendra Singh Dhoni reached the final of the IPL season 4.DateTimeNo.Match DetailsVenueResult8-Apr-1120:001stChennai vs KolkataChennaiChennai won by 2 runsscorecard | report 13-Apr-1116:009thPunjab vs ChennaiMohaliPunjab won by 6 wicketsscorecard | report 16-Apr-1116:0014thChennai vs BangaloreChennai Chennai won by 21 runsscorecard | report18-Apr-1120:0018thKochi vs ChennaiKochi Kochi beat Chennai by 7 wicketsscorecard | report22-Apr-1120:0025thMumbai vs ChennaiMumbaiMumbai won by 8 runsscorecard | report 25-Apr-1120:0029thChennai vs PuneChennaiChennai won by 25 runsscorecard | report 27-Apr-1116:0031stPune vs ChennaiNavi Mumbai Chennai won by 8 wicketsscorecard | report1-May-1120:0039thChennai vs HyderabadChennai Chennai won by 19 runsscorecard | report4-May-1116:0043rdChennai vs RajasthanChennai Chennai won by 8 wicketsscorecard | report7-May-1116:0048thKolkata vs ChennaiKolkataKolkata won by 10 runs (D/L)scorecard | report 9-May-1120:0052ndRajasthan vs ChennaiJaipur Chennai won by 63 runsscorecard | report12-May-1120:0056thChennai vs DelhiChennai Chennai won by 18 runsscorecard | report18-May-1120:0064thChennai vs KochiChennaiChennai won by 11 runsscorecard | report22-May-1116:0069thBangalore vs ChennaiBangalore Bangalore won by 8 wicketsscorecard | report24-May-1120:0071stBangalore vs Chennai, Qualifier 1Mumbai Chennai won by 6 wicketsscorecard | reportlast_img read more