The Yard expands into now-defunct Herald Square hotel

first_img Tags The Yard CEO Morris Levy and 8 Herald Square (Google Maps, iStock)The Yard is opening a new location out of a now-defunct Midtown hotel.The flex-office provider told The Real Deal that it has signed a management agreement with the owner of the former Courtyard by Marriott at 8 Herald Square, which is at the corner of West 35th Street and Sixth Avenue.The 76,000-square-foot building is already in the process of being converted into a flex-office space, with hotel rooms on the fourth and fifth floors turned into private offices. A partial opening is planned for Feb. 15, according to the company’s co-founder, Richard Beyda.The makeover will create about 180 private offices, and the hotel’s sky lobby on the third floor will accommodate conference rooms and co-working areas. The hotel’s gym and a rooftop bar will become part of the amenities in the future, according to the Yard.ADVERTISEMENTRead moreCourtyard by Marriott in Herald Square to close permanentlyAs flex-office space contracts, Industrious grows NYC footprintSeismic shifts in the flex-office market Full Name* Email Address* Message* Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Share via Shortlink The Courtyard hotel closed last fall, becoming one of the many casualties of the pandemic, which has decimated the city’s hospitality industry.But until about 10 years ago, the property was actually offices. Hidrock Properties, through an entity called 960 Associates, took over ownership of the building in 2009 and converted it to a hotel. The Courtyard property opened in 2013 and Hidrock sold its interest in 2015 at a valuation of $132 million, according to the company’s website.Property records show the building is still deeded to 960 Associates.The 8 Herald Square site is the Yard’s first to operate under a management contract rather than a traditional lease, Beyda said. Under the agreement, the Yard gets paid by the landlord for leasing and managing offices, akin to how a hotel management company works with a property’s owner.The Yard is now in conversation with other landlords in the city to open new locations based on management agreements, according to Beyda. It currently has 13 sites in New York, Washington, D.C., and Philadelphia.The pandemic exposed the risk of running flex-offices under traditional leases, and some companies within the space are trying to switch their existing leases into management agreements.Knotel, for one, is facing mounting lawsuits filed by its landlords for unpaid rent. The startup filed for Chapter 11 protection earlier this month and is in the process of being acquired by Newmark.Beyda said the Yard isn’t abandoning its lease-based locations, and that the company’s future growth will be based on a mix of both models.“The dynamics [have] to be the same. The property has to be the right property. And economics needs to be the right economics,” he said. “If you come in with a landlord, and you both have realistic expectations, and the location works … it should work.”Contact Akiko Matsuda Co-workingCommercial Real Estateoffice marketthe yardlast_img read more

HUT launched the Corona Region Tracker website

first_imgInterestingly, precisely with the diplomacy of our Government, Slovenia started to epidemiologically map and look at each Croatian county individually, which was great news for our tourism. Because if it were the opposite due to the epidemiological situation, the whole of Croatia would already be on the red list. And that should be publicly praised. While we play “ping pong” for days on whether we sent all the information to the Netherlands or not, instead of picking up the phone and resolving the situation, tourists cancel reservations. Instead of reacting strongly, filing a lawsuit, asking for denials, etc.… according to the German television RTL, which published last year’s old footage from Zrće, introducing how in Novalja during covid19 allegedly scandalous partying, we are silent, and who knows how many tourists cancel reservations. One should not be too clever that any negative news in this situation, the same day blocks new bookings. On the map, Croatia is divided into four regions: North Coast (Istria and Kvarner); South coast (Dalmatia); Central Croatia (Zagreb and surroundings) and Eastern Croatia. The Croatian Tourism Association has launched a website www.croatiacovid19.info with the aim of timely and accurate informing the public about the number of COVID-19 cases in Croatian regions. Well done to HUT, but it is a pity that the system itself did not react much earlier, especially to the wave of diplomatic success in the context of Slovenia. Communication and proactivity are always, let alone in crisis situations, extremely important, in fact, as we see in the example of the Netherlands, and crucial. But unfortunately again the whole system is slow and sluggish and we are late with reactions and communicate poorly. The profession has been talking about epidemiological mapping of regions for weeks, and in this crisis situation and “media and political war” we have to and had to react much faster and more efficiently for every guest. What the state should have done was done by HUT – epidemiologically mapping and looking at each Croatian county individually. See the page HEREcenter_img As Nedo Pinezić recently pointed out: “Croatia is a “thorn in the side” due to its high attractiveness and age of accessibility to individual guests. Hence the organized “media chases” towards our country. We are in a position to defend ourselves, but we are doing it quite clumsily. ” We are simply lost in this crisis situation, and we have to admit it to ourselves, so that we can react better tomorrow. Unfortunately, if the public system, primarily MINT and CNTB in cooperation with HZJZ, epidemiologically mapped and set up the same platform for each county, especially because of tourism on which 20% of GDP depends, we would have a much more positive image of Croatia as a safe tourist destination. destinations. And the situation we now have with the Netherlands would certainly be avoided. Yes, some play dirty and hit below the belt. As it has been known since the beginning of the crisis, every state will want to keep its citizens within its borders, in order to start the economy and keep consumption within its states. But we must react quickly and efficiently to all fires, because as we know, it is too late to put out a fire when the whole house catches fire. “We hope that this corona region tracker will help in planning a vacation for all guests coming to Croatia”Point out from HUT. This has nothing to do with politics, but the market, and here we unfortunately fall because of the poor political selection of people who make decisions and the sluggish system. This whole crisis has shown how the public system has failed at all tourism levels with late reactions and poor communication, honoring positive examples. I hope that we will learn something from that, and that we will start to deal more with market development, because this is how everyone loses. The main story is that the private sector could no longer wait, in this case HUT, and reacted and I made a platform, which was to be made by the state.last_img read more

Professor chosen as fellow for Congressional research

first_imgA professor of public ethics and citizenship at USC’s School of Policy, Planning, and Development has been elected as a fellow to the National Academy of Public Administration, a national organization that assists in Congressional research.Professor Terry Cooper will be formally inducted into the academy on Nov. 18 in Washington, D.C.Making connections · Professor Terry Cooper teaches citizenship and ethics at the School of Public Policy, Planning, and Development. – Tim Tran | Daily Trojan The NAPA is a non-partisan, non-profit organization that was established by a Congressional charter in 1967. The organization’s research and projects are mandated and funded primarily by Congress. It is not a government agency but rather an independent body with discretion.“It allows Congress to have connections to people that can help with projects,” Cooper said.With expertise from its 680 fellows, the academy provides key insight into issues of public administration and the workings of public organizations, in addition to serving an advisory role to government agencies.The academy’s members are chosen from thousands of practitioners in fields of and related to public administration and political science.As a fellow, Cooper will sit alongside other prominent figures, such as former and current presidential cabinet members, governors, city managers and deans of colleges and universities.Cooper’s notoriety in the fields of ethics and civic engagement, which he considers his primary interests, earned him the credibility that contributed to his election as a fellow, said Jack Knott, dean of SPPD.“He has written what I think is the most prominent book for public administrators. … His work is of value in both the public and private sectors,” Knott said. “It is an extremely important topic as we’ve recently learned with the Bell scandal.”The scandal involved eight city officials from Bell, Calif., who were arrested for using public funds to inflate their own salaries.Cooper is currently working on the sixth edition of his book, The Responsible Administrator, which is used in countless ethics courses around the world and SPPD’s own Citizenship and Public Ethics (PPD 240).“It [became] required reading for all master of public administration programs in China in 2000.  … There are now over 100 [programs there], and this book is one in a set of core readings,” Cooper said.Cooper is also particularly well known for his work with citizen participation and the democratic process, Knott said.“He has a reputation both nationally and internationally, having done work here in Los Angeles looking at the roles of communities and neighborhoods and also some work in China with housing and other local issues,” Knott said.Cooper’s performance as a professor is equally impressive, said Claire Feeney, a senior majoring in urban planning who has taken two classes with Cooper.“He basically invented [PPD 240], because he literally wrote the whole book,” she said. “He likes class discussion that’s more driven by the students. … He really [values] student input and involvement.”Cooper said he is primarily focusing on continuing the kinds of issues around which he has already built his reputation. In his capacity as a fellow, he will be looking closely at how the federal government handles ethics.“The U.S. Office of Government Ethics, from my point of view, is not about ethics. It’s all about laws, and I would like to see them doing more with regard to cultivating [ethical behavior among] professionals,” he said.Cooper said he is looking forward to having the opportunity to learn from a variety of academy colleagues in a manner that he believes reflects the interdisciplinary spirit of SPPD.“One of the advantages of being in the academy is you get pulled into projects you might not otherwise do,” he said.After his induction in November, Cooper will participate in a discussion about future academy projects in which he might be interested in participating.Cooper has worked with NAPA before, participating in a research panel funded by the U.S. Department of Energy.Knott said he believes Cooper’s successes in academia will provide notable contributions to the national academy.“Given the scale of news media and the size of political jurisdictions, it’s easy for neighborhoods and citizens to feel disconnected from the political process. [Cooper] has been a real leader in addressing this very issue,” Knott said.last_img read more

Men’s basketball: Consistency in fundamentals a key-concern to Gard, Badgers

first_imgThe Wisconsin men’s basketball team (16-9 overall, 8-4 Big Ten) is barreling toward a marquee match-up against No. 8 Michigan State.After pushing to the postseason with a seven-game winning streak, expectations for Wisconsin are high going into Thursday’s game against their second top 10 opponent in a week.Wisconsin’s momentum sped up from the beginning of the season, but Michigan State presents a challenge the Badgers haven’t seen since their last meeting with the Spartans.“[Physical] is how our games have always been,” University of Wisconsin head coach Greg Gard said. “They’ve been physical. They’ve been battles. Regardless of teams’ records, regardless of the past games leading up to that game.”Despite the clear increase in the level of Wisconsin’s play, Michigan State also has continued to assert their dominance over conference opponents. The Spartans are coming off a 69-88 win over No. 22 Indiana and maintained a 13-game winning streak earlier in the season until falling to the No.4 Iowa Hawkeyes in December.Gard affirmed the key to the Badgers’ success over Michigan Sate is going to be consistency in fundamentals, similar to Saturday’s win over No. 2 Maryland.“When the other team is better defensively, you succumb to worse shots than you were normally taking, so you have to find a way and play the percentages, so to speak, where you can be consistent,” Gard said. “Can we consistently take care of the ball and get good shots each time, make sure we are good in transition defensively, make sure we are good on the defensive backboard and blocking out?”With Wisconsin’s 3-point percentage climbing, the Badgers’ use of 3-pointers has been steady and effective in recent play. But Gard insists that dependence can not lie only in the hands of the 3-point shot.“We try not to be dependent on [3-pointers],” Gard said. “That’s why we have tried to really emphasize touching the post and getting to the free-throw line, and making sure we are defensively sound. There will be nights where the ball, for whatever reason, doesn’t go in.”Junior Nigel Hayes will be key to the Badgers’ success against Michigan State. Hayes’ role as a strong offensive player has already been established, but his role in the team’s defense is increasingly important to the smoothness and execution of the team. If Hayes can come out Thursday and play with what Gard describes as “unselfishness” in his defense, Gard’s plan to “muddy the water and have a rock fight” against Michigan State will be legitimized.As the Badgers move into preparation for Thursday’s game, Gard has one thing to say to the players:“Hey, do your job.”last_img read more