Award of almost €20,000 to security staff

first_imgWhatsApp Advertisement Linkedin Print NewsLocal NewsAward of almost €20,000 to security staffBy admin – January 24, 2012 659 AN appeals tribunal has awarded a total of almost €20,000 to Limerick employees of a Dublin company who, it found, had not been paid their full entitlements. 15 people took cases to the Employment Appeals Tribunal against Federal Security Newco Limited, Hilton House, Ardee Road, Rathmines, Dublin 6. The claims were taken under the Minimum Notice and terms of employment act and of the 15 claimants, four did not appear to have their cases heard.Sign up for the weekly Limerick Post newsletter Sign Up The workers were represented by the Dell Redundant Workers Association in Limerick while the security firm had a representative of the Dublin based Management Support Services (Irl) Ltd appear on their behalf.Making awards of between €510 and €3,860, being the equivalent of between one and five weeks pay, the tribunal noted that none of the claimants had signed a waiver which the company presented to the Tribunal on its own behalf.“The Tribunal is satisfied that all claimants received one week’s notice by way of letter dated 22 January 2010 and accordingly awards minimum notice,” the findings said.The total of the awards came to €19,420.40center_img Facebook Email Twitter Previous article€260,000 theft by law firm clerk leads to prison sentenceNext articleCertainty sought on future of Shannon Airport adminlast_img read more

Development boom in Super Bowl city: Tampa reaches for its real estate moment

first_imgClockwise from left: A rendering of Water Street Tampa, Ian Schrager, Jeff Vinik, Patrick Mahomes, rendering of Tampa Edition, Bill Gates and Tom Brady (Photos via Getty; Water Street Tampa/Photo Illustration by Kevin Rebong for The Real Deal)UPDATED, Feb. 5, 2:11 p.m.: The headliners in Tampa this weekend are no doubt Patrick Mahomes of the Chiefs and Tom Brady of the Buccaneers, but the two star quarterbacks aren’t the only game in town.While Jeff Vinik, Bill Gates and Ian Schrager will definitely not be suiting up on Sunday for Super Bowl LV, the trio are key players in a $3.5 billion mixed-use project set to transform the host city’s downtown waterfront. And with residential sales buoyed by a Florida market that has seen buyers move south for the climate, room, lighter taxes and less stringent Covid regulations, Tampa has attracted a crowd that will stay long after the Big Game.Much of that focus is centered on the massive Water Street Tampa. The 56-acre, 9 million-square-foot complex is being developed by Strategic Property Partners, a partnership of Vinik and Cascade Investment, a fund controlled by Microsoft’s founder. In addition to apartments, condos, restaurants and offices, the megaproject includes three hotels. The 519-room JW Marriott Tampa Water Street opened last month and the city’s first five-star hotel, Schrager’s 172-key Tampa Edition with Marriott International, just topped off and will open later this year. It will also have 37 luxury condos above the hotel, along with 30,000 square feet of retail space. The third hotel is the Tampa Marriott Water Street, which has 727 rooms and is directly across Water Street from the JW Marriott.A rendering of Water Street TampaThe hospitality industry has been scorched by the pandemic, but Tampa has been among the most resilient markets, consistently ranking highest in occupancy nationwide — albeit drastically below pre-pandemic levels — according to hospitality research firm STR. Schrager, who created The Edition brand with Marriott, said he was optimistic about his first project in the Big Guava.“Having been through events like 9/11 and other bad economic cycles, things always go back to normal,” Schrager said in an interview with The Real Deal. “A project of this scale sets its own tone and its own tempo. It doesn’t have to march to the same drumbeat that everyone else does.” He added, “it is not often in life that you get an opportunity to do a project that can be completely transformative and change the soul and heartbeat of a city.”Water Street Tampa, touted at its 2017 groundbreaking as one of the largest real estate developments in the U.S. located in an existing central business district, will include three apartment complexes: the 420-unit Heron at 815 Water Street, a 23-story, 388-unit tower at 1011 East Cumberland Drive and a 22-story, 511-unit development at 1050 Water Street,.Drawing a crowdTampa and neighboring St. Petersburg have drawn the attention of South Florida developers, with the likes of Related Group and BTI Partners launching projects and pouring millions of dollars into the area. Related acquired 8.5 acres from BTI’s 52-acre master planned community called Westshore Marina District, where it built a 396-unit complex.“We’re getting big city folk from Chicago and New York City who like the fact Tampa is not overcrowded,” said Dominic Pickering, sales director at BTI. “The Tampa Bay region is much smaller than South Florida. There is less traffic, much more open spaces and a lot of beachfront you can still have access to.”A rendering of Tampa EditionSchrager said buyers at the Edition’s condo portion include locals looking to upgrade and out-of-towners from the Northeast, Midwest and California.Last year, Tampa ranked fourth in U.S. cities that attracted new residents from more expensive metros, according to a Redfin report released Thursday. The influx has led to a housing crunch in Tampa, the data showed.Luxury single-family and condo sales have also jumped, according to a fourth quarter Douglas Elliman report. High-end properties were on the market for an average of 40 days in the quarter, compared to 56 days over the same period in 2019. The average sale price for a Tampa home, about $440,000, was up nearly 8 percent year-over-year.Elliman broker Niel Allen said low inventory and a growing population is driving demand and prices across Tampa and St. Petersburg, where the average homes sale price of $436,500 in the final quarter was up 29 percent year-over-year.“I have a client who sold his business in Rochester, New York, and is buying a home in a golf community,” Allen said. “We are seeing a lot of people from Westchester and Washington counties in upstate New York.”In September, retired Yankees superstar Derek Jeter and his wife Hannah, listed their 31,000-square-foot Tampa waterfront mansion for $29 million. The couple had been renting out “St. Jetersburg” to Brady and his wife, Gisele Bündchen. A month later, Brady and Bündchen were reportedly closing on a waterfront mansion in nearby Clearwater for $7.5 million, and in December they were revealed as the buyers of a $17 million waterfront property in Miami.Prices remain high in the South Florida residential market, which has been riding a wave since the summer, with single-family and condo sales spiking. The trend continued in the fourth quarter, according to Elliman.Getting in the gameAt the Water Street Tampa, the new office and retail complex on Channelside Drive called Sparkman Wharf now has 15 tenants, according to a Strategic Property spokesperson. Four new tenants signed deals last month and leasing at the Heron apartment complex was ahead of projections.“We’re getting big city folk from Chicago and New York City who like the fact Tampa is not overcrowded.”– Dominic Pickering, BTIPart of that is a result of “outside investors looking to capitalize” on the market, the spokesperson said. BTI is among them. The Fort Lauderdale-based developer has made big plays in Tampa in the past few years. It recently scored a $92 million loan from Bank OZK to finance the construction of the first phase of Marina Pointe. The three-tower mixed use project in the Westshore Marina District will rise alongside those from Related Group and southwest Florida-based WCI Communities.The project, which broke ground over the summer and is scheduled to open next year, includes a 120-unit condo tower, 78 marina slips and 32,000 square feet of retail space. The development is part of the 52 acres BTI acquired several years ago, most of which it has sold off.“We kept the peninsula that juts out into the Gulf for ourselves,” BTI’s Pickering said. “It is the jewel in the crown.”Correction: The 388-unit complex at Water Street Tampa is a rental not a condo tower. Also, Jeff Vinik is the controlling member but not sole owner of Strategic Property Partners. Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Share via Shortlinkcenter_img TagsDevelopmentian schragerJeff Vinikrelated grouptampalast_img read more

Listen to Sara Bareilles Sing ‘She Used to Be Mine’ From Waitress

first_img View Comments Waitress We’ve been waiting for this! Finally, we have a first listen of the track “She Used to Be Mine” from the Broadway-bound Waitress. Singer-songwriter Sara Bareilles composed the score for the show, which is playing at the American Repertory Theater through September 27, led by Tony winner Jessie Mueller. Bareilles will release a concept album entitled What’s Inside: Songs From Waitress later this fall; the below number is now available as a single. Waitress (casting and dates yet to be confirmed) will open on the Great White Way at the Brooks Atkinson Theatre next spring. Star Files Related Shows Show Closed This production ended its run on Jan. 5, 2020 Sara Bareilleslast_img read more

Foundations criticise dropping of proposed statute from EU work agenda

first_imgGerry Salole, chief executive of the European Foundation Centre (EFC), which represents 200 foundations across Europe and has advocated an EFS for several years, warned that foundations would continue to hold the Commission to account in finding solutions to serving the public interest across borders.He said: “This decision sends a signal that goes completely against the concept of building a citizen-led Europe. If EU institutions together cannot uphold a Regulation that facilitates public interest work by and for the citizens, they will have to find other avenues, with the sector, to address the issue.”If enacted, the EFS would remove the requirement for foundations operating in different jurisdictions to set up separate legal entities in each country, if they chose to do so instead via an FE.There would be a single set of rules for FEs, helping to reduce the costs and uncertainty involved in cross-border activities.However, the EFS would not replace existing national laws, but would be optional and complementary.In a statement, the EFC said: “The majority of member states are supportive of the policy objectives of the EFS initiative, even though member states could not see eye-to-eye on the EFS proposal itself.“The EFC believes the decision has more to do with the mechanics of policy negotiations (unanimity requirement) than with the policy proposal itself – its actual objectives and value.”Eight member states reportedly rejected the proposal tabled by the Italian EU presidency in November: Austria, Denmark, Estonia, Germany, the Netherlands, Portugal, Slovakia and the UK. Some of these wished to see further changes in the EFS text, and three of the 28 member states said they doubted the value of an EFS per se.The EFC said: “Given the somewhat secretive character of the negotiations, it is difficult to assess which aspects of the text specific countries wished to alter, and which concrete proposals they put forward to do so.“Such questions should be addressed by way of negotiations, finding a compromise between the parties to achieve a common objective – i.e. facilitating cross-border philanthropic work in the public interest in Europe.”The EFC outlined several options to move forward.It highlighted the meeting of the European Parliament Legal Affairs Committee on 1 December, which discussed the EFS, the first time the newly-elected European Parliament (EP) had addressed the matter.The EFC said: “Overall, EP representatives from the various political groups who took the floor supported the EFS initiative, and wished to ensure its adoption.  “While some MEPs questioned the ‘secrecy’ of the negotiations at the Council and asked for clarification regarding the reasons put forward by a minority of member states to reject the proposal, they also believed there is still room for discussion.”The EFC said the enhanced cooperation procedure – where nine member states can choose to agree a piece of legislation between them – had also been suggested as another possible legal avenue.It said: “The EP has a consultative role in this specific field but cannot ‘co-decide’ with the Council.“However, it can give its opinion, and had already done so in 2013 in favour of the initiative.”Meanwhile, once the EP has voted on the Commission’s new work programme in January, the EFC will – along with the Commission – assess whether other legislative options are possible technically and politically at the EU level. If not, the EFC said it would have to review national regimes and their cross-border-friendly (or unfriendly) character, pushing for changes where needed.Alongside this, the EFC will continue working to facilitate tax-effective cross-border giving, monitoring the implementation of the European Court of Justice rulings on non-discrimination. The European foundation sector has attacked the decision to drop the European Foundation Statute (EFS) from the European Commission’s 2015 Work Programme.The EFS proposal, which establishes a constitution for a pan-European foundation (FE) operating across borders to support general interest causes, is one of 80 proposals that have been withdrawn from the Commission’s legislative agenda, published in mid-December.The withdrawal is permanent unless the Commission wishes to reopen the file.It can publish a new proposal or review the matter if it believes the political context has turned in a more favourable direction.last_img read more

Dead animals to be removed from Donegal farms after agreement reached

first_imgAn agreement has been reached between the knackeries services and the Agriculture Department.The agreement means that over 100 animals left on Donegal farms will now be collected.Deputy Pat the Cope Gallagher has welcomed the agreement.The knackeries and the Agriculture Department to recommence services on a temporary basis however it is expected that services on a permanent basis will be reinstated very soon.The withdrawal of the services caused serious concerns for farmers who had up to 3,000 dead animals  on their land across the country.Deputy Gallagher said “A prolonged dispute would have resulted in serious health,  safety and pollution issues.”Deputy Gallagher, who raised the issue with the Minister, said he is happy with the outcome for the farmers in Donegal.Dead animals to be removed from Donegal farms after agreement reached was last modified: September 18th, 2019 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more

Half-time: Wigan 0 QPR 0

first_imgQPR made a solid start to the Championship play-off semi-final first leg at the DW Stadium, where Armand Traore and Junior Hoilett were both named in the starting line-up.Wigan’s only early chance fell to Gary Caldwell, who headed straight at keeper Rob Green from Jordi Gomez’s cross.At the other end, Gary O’Neil had an effort blocked after being set up by Charlie Austin and Traore headed over from Hoilett’s cross.Roared on by more than 3,000 travelling fans, Rangers have so far defended in numbers when needed and looked to hit on the counter-atack when possible.Green produced a decent save shortly before half-time, reacting quickly to keep out Gomez’s low shot at his near post.Veteran centre-back Richard Dunne, back in the R’s starting line-up, has struggled at times and is on a yellow card, having been booked for a foul on Callum McManaman. QPR: Green, Simpson, Onuoha, Dunne, Hill, Hoilett, Barton, O’Neil, Traore, Morrison, Austin. Subs: Murphy, Carroll, Yun, Doyle, Hughes, Henry, Kranjcar.Follow West London Sport on TwitterFind us on Facebooklast_img read more

RBI report on development of secondary market for corporate loans likely by

first_imgNew Delhi: The Reserve Bank is expected to come out with a report next month on facilitating development of secondary market for corporate loans.The central bank had set up a task force to suggest policy and regulatory interventions required for development of secondary market in corporate loans, including loan transaction platform for stressed assets.The secondary loan market in India is largely restricted to sale to asset reconstruction companies and ad hoc sale to other lenders including banks, but there is no formalised mechanism to deepen the market. Also Read – Thermal coal import may surpass 200 MT this fiscalAs part of efforts to further deepen the capital market, the central bank is also likely to release another report on housing finance securitisation by August-end.Sources said both these reports are expected by the end of the next month. India’s mortgage securitisation market is primarily dominated by direct assignments among a limited set of participants on account of various structural factors, impacting both the demand and the supply side, as well as certain prudential, legal, tax and accounting issues. Also Read – Food grain output seen at 140.57 mt in current fiscal on monsoon boostIn terms of size, all the major segments of the capital market — G-Securities, State Development Loans (SDL), corporate bond and equities have experienced consistent growth during the past few decades.In May, the RBI had constituted two committees, one on the development of housing finance securitisation market and the other on development of secondary market for corporate loans.The panel on corporate loans issue has been asked to suggested policies required for facilitating the development of a secondary market in corporate loans, including loan transaction platform for stressed assets. It will suggest steps for creation of a loan contract registry, its ownership structure and related protocols such as the standardisation of loan information, independent validation and data access.The committee has been asked to assess the state of housing finance securitisation markets in India.It was also asked to study the best international practices as well as lessons learnt from the global financial crisis and propose measures to further develop these markets in India by identifying critical steps required.This report too is expected to be released by the central bank next month.As part of initiatives to develop Indian capital markets further, the RBI released a draft report of internal working group on review of the timings of various markets the central bank regulates and the associated payment and settlement infrastructure.Stakeholders comments have been sought on the report by August 1.The RBI regulates various markets like money, government securities (G-Sec), foreign exchange (Forex) and derivatives on interest rate, currency and credit.last_img read more