Previous Article Next Article HR HartleyOn 8 Jun 2004 in Personnel Today Champagne and bloodshed in the arenaRewarding your staff is one of the essential principles of HR. Make themfeel special and wanted and they’ll work their socks off. What intrigues me, then, is the inherent adversarial nature of anothercornerstone of progressive HR – the in-house awards ceremony. You are pittingyour staff against each other in a manner that Russell Crowe in full Gladiatorget-up would be proud of. And, as far as I know, Roman warriors weren’t allowedto be fuelled by a combination of champagne and strong Continental lager to addto their aggression. I was at a swanky do at a top London hotel recently and as I stood in thetoilets (no, not handing out the towels), I listened to a chap from IT proudlydeliver the following line: “Hey, IT are going to take some seriouscasualties tonight!” The guy next to me loudly commented on how little theIT department must get out, using some very colourful language indeed. This was right at the start of the evening, and these blokes weren’t evencompeting for an award. After the ceremony had finished and the arena cleared and cleansed of blood,I was back in the loo listening to a salesman complain he had sold 32,000 unitsof something I didn’t understand, and the company could stick the award hedidn’t win right where the sun don’t shine. Sadly, methinks it’s a Catch 22. Staff get aggressive enough when they dohave an awards night – but just you try taking it away. I suppose if there’sany lesson to be learned, it’s bug the toilets, and you’ll soon begin todiscover where people’s loyalties really lie. Hartley is an HR director at large Comments are closed. Related posts:No related photos.
Related posts:No related photos. Previous Article Next Article People chief attacks BBC for stifling creative talentOn 29 Jun 2004 in Personnel Today Comments are closed. The BBC takes the best of the best and then drains the spark out of them,according to Nigel Paine, head of people development at the BBC. Paine, speaking at the Training Insight Conference, launched a stingingattack on how the BBC treats new staff after an internal questionnaire showedonly 28 per cent of employees believe the corporation is exploiting their fullpotential. He said talented new recruits were frustrated with how long it can take torise through the ranks at the BBC. “We have to work out a way of embracing that talent and accelerating itthrough the system, while still registering that there are standards,” hesaid. “We are taking people with a spark and draining it out of them so thereis nothing left. It is not something I am proud of.” He said the BBC needed to change its thinking so that it embracedinnovation, creativity and uncertainty. There has to be greater sharing ofpower and knowledge at the BBC, which would mean ideas would not be rankedaccording to the seniority of the person who had them, he added. “We needto create a culture where 27,000 people’s opinions count, not four people and adog,” Paine said. He also pledged to work hard to promote ethnic, geographical, and agediversity at the broadcasting corporation.
Share via Shortlink (Photo illustration by The Real Deal)This year’s most lucrative retail leases look different from the usual Manhattan fare.Generally an apparel or beauty store appears at the top of the list. Or, like last year, a luxury retailer.But this year, decidedly unsexy big-box operators dominated the charts.And though many retailers were wary of expansion, some were bullish. Target, for example. The big-box retailer had four of the 10 most valuable retail leases this year, ranked by annual rent.“While the transaction volume was down significantly in 2020, the deals that were done, they all have a common thread, and that is spaces that were leased were of the highest quality,” said Richard Skulnik of RIPCO, who represented Target in the deals. “I would say there was a flight to quality during 2020 for transactions that were completed.”A few expensive leases continued to be signed on the luxury streets, with one on Madison Avenue and two on Fifth Avenue.There were also a fair number of renewals with major price tags. Bed Bath & Beyond renewed its lease at 620 Sixth Avenue for $6.9 million per year. Home Depot renewed at 40 West 23rd Street for $9 million annually. And Chanel stayed at 139 Spring Street for $3.6 million.Still, this year’s top deal fell far below the whopping $16 million Hermès of Paris paid for 12 months at 706 Madison Avenue.Here are the 10 most valuable retail leases of the year, according to data from PincusCo.1. Home Depot | 410 East 61st Street | $9 millionHome Depot has had some year. As homebound Americans rebuilt their decks and home builders laid down foundations en masse, Home Depot and five other big-box chains accounted for 29 percent of all U.S. retail sales in the second quarter. And it’s growing. Home Depot’s massive 120,000-square-foot lease at 410 East 61st Street — formerly home to a Best Bath & Beyond — topped the list. Peter Ripka of RIPCO Real Estate represented Home Depot in the Oct. 1 deal. RIPCO also represented landlord Gazit-Globe Group.2. Harry Winston | 712 Fifth Avenue | $7.87 millionThe luxury jeweler expanded its footprint with an 18,000-square-foot lease at Paramount Group’s 712 Fifth Avenue. The landlord and tenant were both represented in-house.Read moreHere are Manhattan’s most valuable retail leases of 2019Target to open 40 new stores a year; Q3 income jumpsA few big-box stores now account for 29% of US sales 3. LVMH owned Fendi and Berluti | 595 Madison | $6 millionWhen Coach abruptly closed its doors at Vornado’s 595 Madison Avenue in January, it seemed like a blow to the luxury corridor. But within days, Fendi and Berluti inked a deal for the 8,000-square-foot space. Robin Zendell of Robin Zendell & Associates represented the tenants. Vornado was represented in-house.4. Target | 150 East 86th Street | $5.75 millionWith plans to open up to 40 stores a year, Target has been on a path of rapid expansion in New York City and across the country.The first Target deal on this list for 56,000 square feet at Vornado’s 150 East 86th Street. The store was previously home to a Barnes & Noble, which announced its departure in June. Skulnik represented Target, while Vornado was represented in-house.5. Sephora | 4 Union Square | $4 millionThe first and only beauty retailer in the top 10 is Sephora for its lease of 8,018 square feet at Vornado’s Union Square. The beauty and makeup chain signed a deal in February for the ground floor of the former Forever 21 space. Virginia Pittarelli represented Sephora, while Vornado was represented in-house.6. Target | 10 Union Square East | $4 millionTarget signed a 15-year-lease in the Empire State Realty Trust–owned Union Square Building in January. The retailer will occupy 32,579 square feet. Skulnik represented Target, while Empire State was represented in-house.7. Chopard | 730 Fifth Avenue | $3.63 millionThe Swiss jeweler relocated its flagship store from Madison Avenue to the Crown Building, paying an estimated $3.63 million for 2,422 square feet. Chopard was represented by Cushman & Wakefield’s Eric Le Goff and James Downey, while landlord Brookfield Properties was represented in-house.8. The Lego Group | 75 Rockefeller Plaza | $4 millionThe Lego Group snapped together a 10,000-square-foot lease to relocate and expand at Tishman Speyer’s Rockefeller Center. Cushman & Wakefield’s Andrew Kahn and Chris Stanton represented the Danish toy company, while Tishman Speyer was represented in-house.9. Target | 121 West 125th Street | $3.36 millionTarget signed a lease in April for 48,798 square feet in a new-construction building. The $242 million mixed-use project in Harlem will also be home to 170 units of affordable housing and a civil rights museum. Skulnik once again represented Target, while BRP, Dabar Development, L+M Development Partners, Taconic Partners and the Prusik Group were represented in-house.10. Target | 258 8th Avenue | $3.2 millionTarget signed a deal late in the year to expand to Chelsea, taking over 29,000 square feet in a pending project by JJ Operating. Skulnik once again represented Target, while the developer was represented in-house.Contact Sasha Jones Message* Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Full Name* Email Address* Tags2020 in Reviewbig box retailRetailRetail Real Estatetarget
Clockwise from left: Richard LeFrak, Related chairman Stephen Ross, A&E’s Douglas Eisenberg, Cammeby’s International Group founder Rubin Schron and Blackstone president Jonathan Gray (Getty, iStock) While 2020 was a turbulent year for New York City, things have largely stayed the same for the city’s biggest rental landlords.Policy changes in 2019 left New York’s multifamily players reeling, but the rental apartment sector experienced remarkably little distress compared to other sectors, like office or retail — something that industry experts had predicted at the start of the pandemic.“Read my lips: You are not going to see distress in multifamily,” Lightstone Group CEO David Lichtenstein said during a virtual panel in April.Overall, rent collections have stayed strong despite record unemployment numbers. Although the vacancy rate has risen precipitously, landlords are counting on urban dwellers to flock back to the city whenever the pandemic winds to a close.And while the coronavirus crisis is front of mind now, the effects of the 2019 rent law may outlast it. As potential buyers and long-time owners parse out the rules, the details of which are winding through the courts, it may be a long time before multifamily values reset in New York City. That means fewer large portfolio trades in the short-term, and fewer changes to who tops the largest rental landlord list.Building on previous efforts to identify the city’s largest property owners, The Real Deal cross-referenced building registrations from the Department of Housing Preservation and Development with a database that TRD compiled.Here are 2020’s largest rental apartment owners.1. Blackstone GroupThe asset manager, led by CEO Stephen Schwarzman and president and COO Jonathan Gray, still reigns as New York City’s largest rental landlord, with 13,361 units across 76 buildings. That’s thanks to one, enormous asset: Stuyvesant Town, which has 11,250 apartments over 80 acres on Manhattan’s East Side.Blackstone purchased the complex with Ivanhoé Cambridge for $5.3 billion in 2015, and as part of the deal, it agreed to keep thousands of apartments under rental and income restrictions. In return, it received $144 million to offset transfer taxes, $77 million in mortgage-tax waivers and the ability to sell air rights for the complex.But earlier this year, the Stuy Town tenant association sued Blackstone to block deregulation and rent increases at some units not covered by the regulatory agreement with the city.The ongoing litigation may have larger implications for landlords with units under J-51, a state program that provides a tax benefit to property owners for who carry out renovations.Read moreMultifamily’s new frontiersMultifamily beats the oddsCommon’s Brad Hargreaves on the future of multifamily Full Name* Email Address* Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Tags2020 in Reviewa&eBlackstoneCammeby’sMultifamily MarketRelated CompaniesRental MarketRichard LeFrak Message* Share via Shortlink 2. The LeFrak OrganizationThe LeFrak family’s firm moved up one slot in the ranking this year, but its holdings stayed the same, with 12,111 apartments across 85 buildings. Its largest property is LeFrak City, a 4,605-unit development in Corona, Queens, which was built in the 1960s for middle class families.In recent years, the firm has shifted its focus to office properties and luxury development on the New Jersey waterfront.LeFrak is currently developing a 10-story mixed-use building between Newport and Downtown in Jersey City, which the municipality’s planning board unanimously approved earlier this month. The property will have 108 apartments.3. Cammeby’s International GroupFor years, this real estate investment company occupied the No. 2 spot on the list of NYC’s largest landlords. But in 2020, its total portfolio dwindled to 10,554 units across 229 buildings.Three investors — LIHC Investment Group, Belveron Partners and Camber Property Group — bought 1,275 units across eight of the firm’s buildings in the Bronx. The apartments were built in the 1970s under the Mitchell-Lama program and renovated in 2014.The firm also sold 350 units across three buildings in Brooklyn and Queens, which were previously owned by President Donald Trump’s brother, to the Parkoff Organization.While it owns fewer units than Blackstone or LeFrak, Cammeby’s still has the most buildings of any rental landlord in New York City.4. A&E Real Estate HoldingsThe multifamily firm, led by Douglas Eisenberg, maintained its No. 4 position in this year’s ranking, with 10,188 units across 206 buildings. A&E’s portfolio includes properties in Brooklyn, Queens and Manhattan with a high concentration of rent-stabilized units.Despite a sluggish multifamily market overall, A&E picked up 126 units when it acquired 400 East 58th Street in October from publicly traded real estate investment trust SL Green. The 16-story building also includes 4,200 square feet of retail.5. The Related CompaniesRelated increased its total unit count to 9,152 apartments across 87 buildings, cementing its place as the fifth largest rental landlord in New York City.The megadeveloper added to its residential holdings when 341 units at 460 Main Street on Roosevelt Island came online. The 21-story mixed-use building is permanently affordable, and is the eighth of nine planned buildings that Related and its partner Hudson Companies are developing on the island.Related also increased its bets on lower-income housing, which has performed reliably throughout the pandemic. The firm bought two Section 8 buildings on the Lower East Side in November from CIM Group and L+M Development Partners for $435 million, increasing its unit count by 101.But it also shed some assets: The company sold its One Union Square development to Argentinian firm Raghsa in November for $211 million. Related developed the 27-story, 174,000-square-foot building in 1998 — and the sale was one of the largest multifamily transactions since the start of the pandemic. Contact Georgia Kromrei
(1) We investigated time allocation to parental care ashore and foraging at sea by lactating Antarctic fur seals at Bird Island, South Georgia, during 1988-89 and 1989-90 and related this to foraging behaviour measured in terms of diving performance at sea and growth of pups. (2) The mean duration of foraging trips was 121 h and 100 h in 1988-89 and 1989-90, respectively, while periods ashore were 55 h and 45 h, respectively in the two years. There was a significant difference between these variables in the two years but there was no significant difference in the percentage of time spent at sea. In both years, there was significant variation between individuals in the foraging-attendance time budget. (3) There was a positive correlation between mean time spent ashore and mean time spent at sea for individual seals. The foraging-attendance patterns of seals changed significantly with time through lactation in one year of the study but not in the other. There was no effect of maternal age or size on foraging-attendance time budget. Duration of foraging trips or the period spent ashore had no effect on pup growth rate. (4) During short foraging trips (1-2 d) seals dived for a greater proportion of the time available for foraging than during longer foraging trips (>3 d). Seals fed predominantly on krill during both years. Most foraging occurred at night and this was reflected in diel variation in times of arrival and departure of seals from the pupping colony. Based on estimated swimming speed and travel times to and from Bird Island, it was estimated that seals were normally feeding between 60 and 90 km from Bird Island.
1. Recently, a small predatory beetle, Trechisibus antarcticus (Carabidae), was accidentally introduced onto the island of South Georgia, sub-Antarctic.2. From the presumed site of introduction the beetle is invading the coastal lowland area, building up high densities locally in the tussock-forming grass Parodiochloa flabellata. 3. In the coastal area the endemic detritivorous/herbivorous beetle Hydromedion sparsutum (Perimylopidae) is common, especially in and beneath the tussocks.4. The first three, out of six, larval instars of H. sparsutum are easily taken prey by the carabid.5. In sites colonized by the carabid, total abundance and the ratio between larval and adult numbers of H. sparsutum are far lower, and its adult body size clearly larger, than in comparable sites where the carabid is absent.6. Two hypotheses are proposed for explaining the increase in adult body size of H. sparsutum: (i) the increase is a direct effect of predation: selection by the predator favours large hatchlings and/or larvae with a high growth rate; and (ii) the increase is an indirect effect of predation: by lowering the density of H. sparsutum, predation has increased its per capita food supply, enabling a higher growth rate and a larger adult body size.7. A food addition experiment in a carabid-free site showed availability of high quality food to be insufficient for sustaining the initial larval population.8. In the laboratory, females from the predator-infested sites produced larger eggs and hatchlings than females from the carabid-free sites, but mass specific growth rates of the larvae were not higher.9. Field and laboratory data give stronger support to the food hypothesis than to the size selectivity hypothesis.
Large rifts that open in Antarctic ice shelves are known to be filled by snow accumulations, ice shelf fragments, and sea ice. This work demonstrates how these rifts may also be filled from below, through their interaction with ocean water, by marine ice. The model presented here quantifies both the rate of marine ice accumulation at the top of the rift, which results from melt-driven convection at its sides, and the impact of this process on waters occupying the confined environment of the rift. The results show that such a system could fill the rift with tens of meters of marine ice. In the process the temperature and salinity of the ambient water in the rift evolve through two distinct phases. The first is characterized by rapid change that takes the properties of the ambient water to near-equilibrium values, followed by a second phase of much slower change. The melting rate at the lower part of the walls of the rift emerges as the principal factor influencing many aspects of model behavior. Testing the model against field observations from an Antarctic rift showed it to be robust and successful in reproducing the main observed features, including the presence of a thick layer of supercooled ocean water inside the rift.
High performance liquid chromatography-mass spectrometry has permitted the identification of a homologous series of novel alkylsulfide derivatives of chlorophyll a containing between one and five carbon atoms, in sediment from a coastal Antarctic lake. The sulfur-containing compounds are present in varying abundance in stratigraphic horizons representing a phase when the lake was a marine basin. Throughout this marine phase photic zone anoxia is recorded by the presence of bacteriochlorophyll c and d-derivatives. Distributional variations between sulfurised and non-sulfurised chlorophyll a-derivatives throughout the sediment section studied indicate that the extent of sulfurisation is not controlled by chlorophyll a abundance alone.
Line-transect estimators were developed to assess abundance of coastal dolphins Tursiops truncatus and Stenella coeruleoalba encountered in low densities during aerial sighting surveys. The analysis improved on conventional approaches by objectively combining data from different species, survey areas and other covariates affecting dolphin delectability. Model selection and multimodel inference allowed robust estimates of precision in accounting for covariate selection uncertainty. These methods were used to estimate bottlenose dolphin abundance in NE Mediterranean waters that included a putative subpopulation in the Balearic Islands. Total abundance was estimated as 7654 (coefficient of variation, CV = 0.47; 95% CI = 1608 to 15 766) and the abundance in inshore waters of the Balearic Islands varied from 727 (CV = 0.47; 95% Cl = 149 to 148 1) dolphins in spring 2002 to 1333 (CV = 0.44; 95% CI = 419 to 2617) dolphins in autumn 2002, with an average estimate of 1030 (CV = 0.35; 95% Cl = 415 to 1849). The results do not support an exclusively coastal Balearic Island subpopulation, but they strongly indicate that the islands contain critical habitats required for the conservation of the species. Given the observed decline of the species during the last few decades, conservation-oriented management should focus on reducing or eliminating adverse fishing interactions while key areas are protected from encroachment produced by human development.
The Antarctic marine environment is extreme in its low temperatures and short periods of primary productivity. Invertebrates must therefore adapt to maximise reproductive output where low temperature and limited food slow larval development. Brooding is a common reproductive trait in Antarctic marine bivalves; larval development occurs within the mantle cavity, and larvae are released as fully developed young. Lissarca miliaris is a small, short-lived, shallow-water brooding bivalve of circum-Antarctic distribution and found most abundant in the sub-Antarctic Magellan Region and islands of the Scotia Arc. Here, an unusual hermaphrodite reproductive trait is described for L. miliaris from King George Island (62°14′S, 58°38′W) and Signy Island (60°42′S, 45°36′W), Antarctica, using histological and dissection techniques. Specimens demonstrate simultaneous and sequential hermaphrodite traits; male and female gonads develop simultaneously, but the production of oocytes is reduced while testes are ripe. Functional females are more abundant in specimens above 3 mm shell length, although male reproductive tissue persists and functional males are found in all size classes. The number of previtellogenic oocytes produced by far exceeds the number of oocytes extruded and brooded, which may indicate an ancestral link to a planktotrophic past. Hermaphroditism in L. miliaris maximises reproductive efficiency in a short-lived species, in which the female’s capacity to brood its young is limited, and demonstrates a specialised adaptation to a cold stenothermal and food-limited environment prevailing in the Southern Ocean.