Gold Coast penthouse sells under the hammer for sky-high price

first_imgCould get used to lazing around enjoying the ocean views. Even the bathrooms have views! The Calypso Towers penthouse at 88 Marine Pde, Coolangatta, sold for $3.35m at auction on Saturday, April 28.A COOLANGATTA penthouse with panoramic ocean, skyline and Hinterland views has sold under the hammer for more than $3 million.The Calypso Towers skyhome at 88 Marine Parade went to auction on Saturday evening, fetching $3.35 million. Not the worst way to wake up every day. More from news02:37International architect Desmond Brooks selling luxury beach villa17 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days agoThis kitchen is versatile and modern.Ray White Broadbeach Mermaid Waters agents Sam Guo and Julia Kuo marketed the apartment, which takes up the 20th and 21st floors.Mr Guo said an interstate buyer snapped up the property.“They did the inspection with me and they looked at it really thoroughly,” Mr Guo said.He said the auction was well attended, with plenty of spectators watching the sale unfold.“We had 30 to 40 people and I think it was around three registered bidders,” Mr Guo said.“The bidding kicked off at $3 million.“I think both parties are really happy.”Mr Guo and Mrs Kuo described the luxury residence online as one that “redefines sophisticated skyhome living” with an “array of bespoke, customised finishes”. Admire the coastline from every angle. One of the apartment’s four bathrooms.These include imported antique wooden doors, hand-selected 200-year-old reclaimed polished hardwood floors and marble, granite and stainless-steel features throughout.The apartment has an open floorplan with a lounge and family room at its heart.This opens onto the main balcony, which wraps around the building and overlooks the ocean.Each of the three bedrooms have ensuites and access to one of the property’s five balconies.The upstairs entertaining retreat with kitchenette and access to two balconies is a standout feature.last_img read more

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USS: Further delay to funding agreement risks regulatory action

first_imgThe pension fund for the UK’s higher education system will not incorporate revised risk appetite information from sponsoring employers into its latest funding agreement in part because of concerns a further delay could bring a regulatory penalty. The £60bn (€67.8bn) Universities Superannuation Scheme (USS) has started a consultation with employers on a deficit recovery plan and schedule of contributions that would finalise the 31 March 2017 valuation. Disagreements between unions and employers about the valuation ultimately led to strikes on campuses across the country this year and the formation of an independent panel of industry experts to attempt to resolve the dispute.The proposals put forward by USS were based on planned contribution increases arising from a default cost-sharing process that kicked in when Universities UK (UUK) – which represents employers – and University and College Union (UCU) – representing members – failed to agree on an approach to the scheme deficit. The joint expert panel (JEP) had recommended that sponsoring employers’ attitude to risk be reassessed, which it said could lead to lower contributions than those planned by USS, and that this and other measures be implemented within the 2017 valuation.   University employers have expressed willingness to bear more risk through USSHe explained that the scheme was also proposing to stick with deficit recovery contributions of 6% for the 2017 valuation after having considered funding and market developments since 31 March 2017.As at the end of October the scheme’s funding position, based on the distance from its ‘self-sufficiency’ benchmark, was not markedly better than that of March 2017, Galvin noted, and Gilt yields were somewhat lower than projections made in 2017.The scheme would, however, review its stance on the deficit recovery contributions in January following the consultation with the UUK, and before submitting the completed valuation to TPR.Galvin also reiterated USS’s intention to proceed with a new valuation using data from 31 March 2018, after sponsoring employers agreed to more risk. The scheme expected to issue a technical provisions consultation to UUK in the coming weeks.He asked UUK CEO Jarvis to provide feedback on the draft contributions schedule and recovery plan by 11 January to allow USS to complete the 2017 valuation and submit the final valuation report to TPR.Alternative approach?In an explanatory note to UUK on USS’s proposal, Aon consultants floated an alternative approach to the two-valuation route being pursued by USS, which it said could effectively create a problematic “backstop” position if the 2018 process was not satisfactorily resolved within a reasonable amount of time after the conclusion of the 2017 valuation. Instead, Aon said, the scheme could implement an interim plan for contributions before completing the 2017 valuation, replacing current contributions with those due from 1 April 2019 (19.5% for employers, and 8.8% for members). These would apply until the 2018 valuation were agreed. Under USS’s proposal, contributions contributions would increase from 1 October 2019 and then again on 1 April 2020. An interim schedule based on the 1 April 2019 contributions would have several benefits, according to Aon, including that it “would be consistent with the trustee’s position of a 2018 valuation being the most appropriate approach to consider the JEP’s recommendations, and to the agreement of all parties to a resolution ahead of JEP phase 2”.The consultants noted that further information would likely be available before the deadline of USS’ consultation on the deficit recovery plan and contributions schedule. According to Aon, USS was looking to submit the completed 2017 valuation to TPR in February. In a letter to Alistair Jarvis, chief executive of UUK, Bill Galvin, his counterpart at USS, said the scheme acknowledged the prospect of “a material change in the views offered to the trustee to date on such fundamental issues as market risks, investment strategies and contribution levels” since USS had consulted with the UUK in September last year.“It is clear at this stage of the process that the consequences of any such delay could include the very real risk of regulatory sanction”Bill Galvin, USS chief executiveHowever, reopening the discussion “on such fundamental issues” in relation to the 2017 valuation would introduce further delays in increasing the contributions to the scheme and meeting the costs of the benefits currently accruing, said Galvin.“It is also clear at this stage of the process that the consequences of any such delay could include the very real risk of regulatory sanction, with the Pensions Regulator [TPR] ultimately having powers to direct the trustee on how to calculate the technical provisions, change the benefits and/or set the contribution rates for members and employers,” wrote USS’ chief executive.The statutory deadline for completing the 2017 valuation was 30 June 2018 – 15 months after the valuation date – and Galvin noted the scheme “has been in breach of the law ever since”. last_img read more

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First Street repaving to take place this week

first_imgGreensburg, IN — First Street between Anderson Street and Ireland Street in Greensburg will be closed for road reconstruction through the end of this week. Please plan your route accordingly. At the July City Council meeting, it was announced that further work would need to be done to First Street on the west end.  Money was appropriated at the August Council meeting for the work to be completed.last_img

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Gardner-Webb, Hampton meet in conference play

first_imgGardner-Webb, Hampton meet in conference play STEPPING UP: The prolific Jermaine Marrow has averaged 23.9 points and 6.2 assists to lead the way for the Pirates. Complementing Marrow is Ben Stanley, who is producing 22 points and 7.5 rebounds per game. The Runnin’ Bulldogs are led by Eric Jamison Jr., who is averaging 14 points and 5.6 rebounds.CREATING OFFENSE: Marrow has either made or assisted on 46 percent of all Hampton field goals over the last five games. The senior guard has 33 field goals and 25 assists in those games.WINLESS WHEN: Gardner-Webb is 0-9 when scoring fewer than 64 points and 11-5 when scoring at least 64.STREAK SCORING: Hampton has won its last three home games, scoring an average of 83.3 points while giving up 75.DID YOU KNOW: Hampton has attempted the fourth-most free throws in all of Division I. The Pirates have averaged 24.7 free throws per game. February 19, 2020 Share This StoryFacebookTwitteremailPrintLinkedinRedditGardner-Webb (11-14, 7-6) vs. Hampton (11-15, 6-7)Hampton Convocation Center, Hampton, Virginia; Thursday, 7 p.m. ESTBOTTOM LINE: Gardner-Webb pays visit to Hampton in a Big South matchup. Gardner-Webb won 74-70 at home against Winthrop on Thursday. Hampton lost 76-68 on the road to Longwood on Saturday.center_img ___For more AP college basketball coverage: https://apnews.com/Collegebasketball and http://twitter.com/AP_Top25___This was generated by Automated Insights, http://www.automatedinsights.com/ap, using data from STATS LLC, https://www.stats.com Associated Press last_img read more

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Norwich v Fulham: Rene makes changes

first_imgClint Dempsey starts for Fulham following his recent return to the club on loan. Defender Dan Burn is also included. Norwich’s record signing Ricky van Wolfswinkel makes his first start since October – one of eight changes for the Canaries. Norwich: Bunn; Whittaker, Martin, R Bennett, Olsson; Fox, Snodgrass, Garrido; Elmander, Josh Murphy, van Wolfswinkel.Subs: Ruddy, Hooper, Becchio, Redmond, Jacob Murphy, Hall-Johnson, Gafaiti.Fulham: Stockdale; Zverotic, Burn, Hughes, Amorebieta; David, Boateng; Kačaniklić, Dempsey, Kasami; Bent.Subs: Joronen, Riise, Vigen Christensen, Plumain, Dejagah, Rodallega, Dembele.Follow West London Sport on TwitterFind us on Facebooklast_img read more

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Kevon Looney sheds light on whether he’ll have a future with Warriors

first_imgKlay Thompson subscribes. You can too for just 11 cents a day for 11 months + receive a free Warriors Championship book. Sign me up!OAKLAND – For a player that prides himself on preparing for every role, it appears Kevon Looney has already mapped out his free-agency future.The Warriors will like Looney’s initial plan when he becomes an unrestricted free agent on July 1.“Everybody wants to get paid, but I would love to stay with this team and this franchise,” Looney said. “It’s a great …last_img read more

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Eureka wins 4th straight Lakin in extras

first_imgAfter a back-and-forth contest which needed a pair of extra innings to be resolved, the Eureka High baseball team earned its fourth-straight Charles Lakin Tournament championship, beating McKinleyville 6-4 Friday night at the Arcata Ball Park.David Vagle gave Eureka a 6-4 lead in the top of the ninth inning — a lead which it would hold on to for the win — after sending a deep shot into left field which dropped, giving enough time for Drew Nylander to score the lead-taking run. McKinleyville …last_img read more

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Nikola Jokic scores season-high 39, Nuggets beat Hornets

first_imgAPDENVER — Nikola Jokic’s impressive numbers took a backseat to his coast-to-coast dunk.Cheered by the sellout crowd for his jam, he was also teased by his teammates. To him, the slam was a thing of beauty.ADVERTISEMENT “You try to play him straight up, he’s going to do what he wants,” Hornets guard Malik Monk said. “We just tried to play him straight up and he just exploited us on that. He’s a great player. I can’t say anything bad about him.”At 26-11, the Nuggets are off to their best NBA start in franchise history. This also marks the latest they’ve been in first place in the conference since March 16, 1977.To think, they’re not even at full strength yet. But they’re getting closer. Millsap and Gary Harris, who had 17 points off the bench, are steadily getting back up to speed after returning from injuries. The team is still missing starter Will Barton.“It’s good to be healthy. It’s good to be whole,” Nuggets coach Michael Malone said. “Both (Millsap and Harris) showed they’re ready to take their starting jobs back. Me bringing them off the bench was trying to get them back into a game rhythm.”Kemba Walker had 20 points for the Hornets, who kicked off a six-game trip. Bismack Biyombo added a season-high 16 points.Trey Lyles and Millsap hit back-to-back 3-pointers early in the fourth quarter to give the Nuggets a 105-93 lead. Craig cemented the win with a dunk on a fast break with 1:50 remaining to extend the lead to 14.Denver scored 27 points off turnovers.“When you play hard, good things happen,” Harris said. “We have to continue to do that.”TIP-INSHornets: Biyombo was in the starting lineup with C Cody Zeller out after he had surgery to fix a broken right hand. … G Jeremy Lamb missed a second straight game with a strained right hamstring. “He’s progressing well,” coach James Borrego reported. … F Marvin Williams was called for a flagrant foul when he tried to prevent a layup by Craig in the second quarter. Is Luis Manzano planning to propose to Jessy Mendiola? “Poetry in motion,” the 7-footer said.Jokic scored a season-high 39 points and grabbed 12 rebounds, reserve Paul Millsap added 18 points and the Western Conference-leading Nuggets knocked off the Charlotte Hornets 123-110 on Saturday for their 10th straight home victory.FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSUrgent reply from Philippine ‍football chiefSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionThat’s two straight games where Jokic’s now had a memorable dunk .“If I’m not tired and 100 percent sure I’m going to dunk it, I’m going to dunk,” Jokic explained. “But two points is two points — however you score.” LOOK: Joyce Pring goes public with engagement to Juancho Triviño SEA Games hosting troubles anger Duterte Hotel management clarifies SEAG footballers’ kikiam breakfast issue PH underwater hockey team aims to make waves in SEA Games PLAY LIST 02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss MOST READ SEA Games: Biñan football stadium stands out in preparedness, completion Nuggets: Denver led Charlotte in points in the paint by a 64-48 margin. … Had a season-high 31 second-chance points. … Jokic’s 29 shot attempts were a season high.OH, BROTHERIt was a Hernangomez family reunion as Nuggets forward Juancho Hernangomez faced older brother Willy, who’s a center for the Hornets. Juancho didn’t score in nearly 20 minutes of work, while Willy had 10 points in 15:35.Willy Hernangomez didn’t play in their first meeting Dec. 7, when Juancho had 15 points in Denver’s 113-107 loss.FRONT-ROW SEATCraig had the hustle play of the day late in the fourth, saving a ball heading out of bounds and winding up about five rows deep into the stands.“I had beer all over my shorts and legs,” said Craig, who finished with 12 points.ENERGYMonk scored 12 of his 16 points in the second half, including a 3-point buzzer-beater over Jamal Murray to end the third that cut it to 89-84.“I just try to bring energy every time I step on the court,” Monk said. “I did a pretty good job of that.”center_img SEA Games: Biñan football stadium stands out in preparedness, completion His slam in the third quarter led to some good-natured ribbing from teammates such as Torrey Craig, who also had a high-flying dunk.“He’s feeling pretty bouncy lately,” Craig playfully said.Jokic took it all in stride.“Just because (Craig) can jump high, doesn’t mean he can dunk better,” Jokic said.Jokic turned in another impressive stat line, also adding six assists, three steals and one blocked shot. He was 16 of 29 from the floor and 4 of 5 from the line.ADVERTISEMENT Private companies step in to help SEA Games hosting UP NEXTHornets: At Phoenix on Sunday night.Nuggets: At Houston on Monday, the first of a two-game, back-to-back trip.Sports Related Videospowered by AdSparcRead Next Kawhi Leonard, Pascal Siakam each score 30, Raptors beat Bucks TS Kammuri to enter PAR possibly a day after SEA Games opening View comments Don’t miss out on the latest news and information. LATEST STORIESlast_img read more

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10 months agoRiver Plate midfielder Palacios eager to delay Real Madrid move

first_imgTagsTransfersAbout the authorCarlos VolcanoShare the loveHave your say River Plate midfielder Palacios eager to delay Real Madrid moveby Carlos Volcano10 months agoSend to a friendShare the loveRiver Plate midfielder Exequiel Palacios is eager to delay his move to Real Madrid.Having just won the Copa Libertadores in fine style, the youngster is in no rush to move to Europe.”My idea is to stay at River a little longer, enjoy this moment and take advantage of everything that comes along,” he said.”I’m very happy and enjoying where I am.”Leaving aside what was just achieved, we always need to compete for more here.” last_img read more

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US urges increased caution for Americans visiting Hong Kong

first_imgHong Kong: The U.S. government on Thursday stepped up its warnings to travelers to Hong Kong because of increasing violence surrounding pro-democracy protests in the Chinese city. The State Department’s Level 2 travel advisory issued Thursday urges “increased caution in Hong Kong due to civil unrest” and tells travelers to avoid demonstrations and to “exercise caution if unexpectedly in the vicinity of large gatherings or protests.” The protests were sparked two months ago by proposed extradition legislation that could have seen suspects sent to mainland China where they could face torture and unfair politicized trial. They have since morphed into calls for broader democratic reforms in the former British colony, along with the resignation of Chief Executive Carrie Lam and investigations into alleged police abuse of force. Also Read – Saudi Crown Prince ‘snubbed’ Pak PM, recalled jet from USThe territory’s crucial travel industry has suffered as tourists put off their visits, with Australia, Ireland, Britain, and Japan having also issued travel advisories to their citizens. Hong Kong police say a total of 589 people have been arrested in the protests since June 9, ranging in age from 13 to 76. They face charges including rioting, which allows for prison terms of up to 10 years. Protests have seen police firing tear gas, rubber bullets and other projectiles, with demonstrators responding with sharpened metal sticks, lobbed bricks, petrol bombs and carts full of burning debris. Also Read – Record number of 35 candidates in fray for SL Presidential pollsOn several occasions, protesters have also been attacked by unknown persons believed to be linked to organized crime groups, while police took little action to stop them. The central government in Beijing has so far has not visibly intervened in the situation, though in editorials and public remarks it has condemned demonstrators and protest organizers as criminals, clowns and “violent radicals” and alleged that they have been inflamed by politicians from the U.S., Taiwan and elsewhere.last_img read more

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