Beverly Hills mansion with ties to 1MDB masterminds sells for $27M

first_imgTags1MBDBeverly HillsJho LowLA luxury real estateMohamed Hadid Jho Low, Riza Aziz and Mohamed Hadid with the Trousdale Estates mansion (Photos via Getty, Redfin)A Trousdale Estates mansion in Beverly Hills that was built in part with money stolen in the 1MDB scandal just sold for $27.4 million.In the latest sale, Steven Gilfenbain bought the 13,000-square-foot mansion at 912 North Hillcrest Road, according to the Los Angeles Times. He is founder of the grape distribution company Stevco Inc. The home had hit the market last summer for $30 million.The story of the property starts in 2007, when spec mansion developer Mohamed Hadid bought the property for one of his spec projects. He built an Egyptian-themed home — pyramid included — and sold it to now-infamous fugitive Jho Low.912 North Hillcrest Road (Redfin)U.S. and Malaysian law enforcement allege Low was the mastermind behind a years-long scheme that laundered $4.5 billion from Malaysia’s sovereign wealth fund, 1MDB.Low used the stolen funds to buy numerous pricey properties around L.A. and the country. The federal government seized those it could and has been auctioning them to recoup money for victims of the fraud.Low later transferred the Trousdale Estates property to his partner, Riza Aziz, who was later charged with laundering $250 million from 1MDB. Aziz and Low worked together often, most notably producing Martin Scorsese’s “The Wolf of Wall Street” that starred Leonardo DiCaprio.Aziz reportedly spent around $40 million rebuilding and adding onto the mansion with plans to gift it to his stepfather, but he didn’t finish before the federal government charged him for his role in the scandal. He pleaded not guilty, but agreed to return $107 million in assets.As part of that deal, he sold the North Hillcrest home for $19 million to a Delaware-based limited liability company. The new owner finished construction, cleaned up landscaping, and cleared out the construction equipment that was reportedly left on site. The home has six bedrooms and 11 bathrooms on over an acre of land. Westside Agency’s Fred Bernstein and Ethan Peskowitz had the listing. Westside’s Orah Nassirzadeh brought the buyer. [LAT] — Dennis Lynch Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlinkcenter_img Share via Shortlinklast_img read more

Mouthing off

first_img“This is a first for Paris and maybe the world. I want to mix luxurious gastronomy and urban style to create an eclectic mash that’s different to anything else around, for the young and out of sync”Guillaume Sanchez, owner of the recently opened Horror Picture Tea on rue St Honoré in Paris, described as “a funky mixture of luxury dessert shop, music venue, bistro, urban art gallery and, yes, tattoo parlor””You have to be a bit Willy Wonka about which flavours you pair with which vegetable some vegetables enhance the flavours they’re with, such as parsnip and ginger, for example” Harry Eastwood, co-founder of Paris-based baker Petit Pois, which will be launching next week in Selfridges with a whole new cupcake niche: gluten-free vegetable cupcakeslast_img read more

The Hurricane Case for Microgrids

first_img FacebookTwitterLinkedInEmailPrint分享Public Radio International:More than half of Florida’s population is estimated to have lost power because of Hurricane Irma. Many of the nearly 7 million Floridians who remained without power Tuesday will likely have to wait weeks before it’s restored.“What we think we’ll see on the west coast [of the state] is a wholesale rebuild of our electric grid,” said Robert Gould, vice president of communications for Florida Power and Light, during an interview with ABC on Sunday.What can the state do to avoid mass blackouts in the future?Build microgrids, says Francis O’Sullivan, director of research for the MIT Energy Initiative.“These microgrids … take a different approach. What you’re doing … is you’re bringing some of the generation and storage to local areas and you’re servicing — in a radial sense — that local area from one central region,” O’Sullivan said.“And what … will happen in an instance like a hurricane is that one region might get damaged, so the generation might be knocked out. That system is going to be able to break away from the others. And those other local systems are going to be able to continue to deliver service to their customers.”How to avoid blackouts in hurricanes? Model power grids after the internet, says one expert. The Hurricane Case for Microgridslast_img read more

Thrill of the Chase

first_imgWill Harlan runs through an ancient forest of beech and hemlock. Photo: Steven McBrideI am not a runner. I’m a chaser.When I was four years old, I chased my dad each night on his two-mile jog around the neighborhood. In high school, my buddies and I lit fireworks beside a police car, and (barely) got away on foot. In college, I climbed the stadium wall and evaded the pursuit of security guards to watch the final game of the World Series.After my prankish college days, I turned to trail running. I didn’t pay much attention to splits or times; I simply loved the feeling of scampering through the forest eluding a chase pack or reeling in the lead harrier. I ended up winning a few events, but I always viewed races more like a grown-up game of cops and robbers.Then I got a job, got married, and became a dad. Instead of chasing the trail, I was chasing my naked three-year-old son around the living room.I woke up one day and found myself in a 35-year-old body. Gone were the lithe, spring-loaded legs of my youth. It was time to face a hard truth: I would never be as fast as I once was.But I felt like I still had some kick left in me. So I dreamed up one final challenge: an unsupported 72-mile solo run on the Appalachian Trail across Great Smoky Mountains Park, the wildest, tallest, and most rugged terrain in the East. No checkpoints or crew support. No competitors or companions. Just me and the mountains.I woke up at 2 a.m. and drove to Davenport Gap on the eastern edge of the Smokies. In the dark, I shouldered my pack, clicked on my headlamp, and began running up the Appalachian Trail. For my 72-mile journey, I carried only a small pack of food and water, along with a hand-sketched map of springs along the trail.The half-million acres of Great Smoky Mountains National Park is home to more than 1,500 black bears—roughly two bears per square mile. As I bounded up the moonlit trail, I felt their glowing eyes watching me silently through the rhododendron thickets and rocky hollows. I thanked them for allowing me to pass through their home in the middle of the night.I reached Mount Cammerer around twilight. Giant old-growth hemlocks, yellow poplars, and sugar maples lined the trail, and I brushed my fingers across their furrowed bark. It was intoxicating to exchange my breath with ancient trees.The morning sun crested the peaks and burned a hole through the gauzy clouds. I plunged down to Tri-Corner Knob Shelter and bushwhacked about a quarter-mile to refill my water from a spring. The weight of the full water bottles dug into my back.I checked my watch—ten minutes slower than I had hoped. I hadn’t really trained for this adventure. Work and family commitments had increased, and our organic farm had kept me busy weeding gardens, planting squash, and milking goats, leaving little time for training.But there was no time left for excuses: I was a 35-year-old dad and husband, and this was probably my last chance to chase the Smokies speed record. Regardless of my finishing time, I wanted to pour every ounce of myself into the effort. Whenever I felt my pace slowing, I asked one question: is this the best I can give?The cool, wet, north-facing trail that I had run in the early morning twisted south, becoming a bed of dry rubble underfoot. I rolled through the Sawteeth, a section of jagged, narrow ridgeline trail. Sweat-drenched and thirst-slaked, I refilled my water pack at Icewater Spring near 6,000-foot Mount Kephart.Nearby, I heard a hermit thrush’s gurgled song—which sounded like notes from my son’s bathtub water flute. The thrush’s liquid melody echoed through the deep forest. He could have been courting a female or defending his territory, but he seemed to be singing simply for the joy of it. Could I do the same? Did I always need an ego-enlarging reason—a goal, a race, a finish line? Could I run not to enhance myself, but to lose it in the silence of the forest?Violets and trillium blanketed the trail near the Charlies Bunion overlook. I almost didn’t stop, but I forced myself to enjoy a panoramic pause. For three decades, I had been running too fast to really notice the scenery. It was all just a blurry tunnel of green. But atop the Bunion, I was beginning to glimpse the value of stopping—or at least slowing down slightly—to smell the wildflowers.I nimbly danced down the boulder-strewn trail toward Newfound Gap, but my progress slowed on the eight-mile climb up to 6,643-foot Clingmans Dome, the highest point on the entire Appalachian Trail. For the first time, I began doubting my ability to finish. My wobbly legs buckled, my breathing was raspy, my head cloudy. 1 2last_img read more

Weekend Pick: Mountain Crossings’ Thru Hiker Kickoff

first_imgRight about this time every year, hundreds of thru-hiker hopefuls make their way down south to begin their journeys along the Appalachian Trail. To celebrate these admirable adventurers, Mountain Crossings in Blairsville, Ga., is hosting a Thru-Hiker Kickoff Party in their honor this Saturday, February 28. Mountain Crossings Thru-Hiker FestWhether you’re trail-bound or not, this bash is for you — anyone can join in on the fun of thru-hiker season. Live music, local food, Mountain Crossings gear, exclusive raffles, kids’ activities, and plenty more to give spring a worthy welcome. The fun begins at 1 p.m., Saturday afternoon, with activities running through the evening.While each one of the afternoon’s events will make your day at the Thru-Hiker Kickoff a blast, this raffle might top the list. For just $10 a ticket, you could walk away with quality gear from Big Agnes, Granite Gear, American Backcountry, Salewa, Mountain Hardwear, and other brands. All proceeds will go toward a project commemorating the Appalachian Trail and Civil Conservation Corps – a donation perfectly suited to this celebration! Tickets can be purchased either at the Blairsville-Union County Chambers of Commerce or through the mail to Mountain Crossings (12471 Gainesville Hwy, Blairsville GA, 30512).From the raffle to the food or the sales to the face-painting, the Thru-Hiker Kickoff has something for every outdoor enthusiast. Mountain Crossings is also excited to host the Nashville band Raven and Red to pump out the best bluegrass tunes to accompany the fun. Let this big spring celebration help you ring in the season, for backyard explorers and hikers alike!last_img read more

Hempstead Man Convicted of Murder

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York A Hempstead man was convicted Wednesday of shooting a 23-year-old man to death four years ago.A Nassau County jury found Michael Gibson guilty of second-degree murder and criminal possession of a weapon.“This defendant stopped his car, approached a bar fight with a gun drawn, shot and killed a man, then tried to run from his crime,” Acting Nassau County District Attorney Madeline Singas said.Prosecutors said the 35-year-old gunman shot and killed Joseph Bolling following a fight outside the Seduccion night club at 3 a.m. on Sept. 3, 2011.The victim was taken to Winthrop-University Hospital, where he died. Authorities apprehended Gibson in North Carolina three months later.Gibson faces up to 25 years to life in prison when he’s sentenced July 16 before Judge Jerald Carter.last_img read more

Clean Energy Finance Corporation board member is selling his luxury eco retreat in northern NSW

first_img‘Coorabell Dreaming’ at 970 Coolamon Scenic Drive, Coorabell, is for sale.IT’S good to see Ian Moore is practising what he preaches.The Clean Energy Finance Corporation board member is selling his luxurious, eco-friendly home in northern New South Wales — and it happens to be the ultimate in clean energy living.Check out some other eco-friendly homes…Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:22Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:22 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Trackdefault, selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenAll aboard this floating abode 01:22 Related videos 01:22All aboard this floating abode 00:38Opod: the low-cost micro home01:09Indoor plants to clean the air00:29Multi award-winning treehouse00:53Eco-friendly Aussie buys00:53Mod PoolsThe Byron Bay hinterland property at 970 Coolamon Scenic Drive is completely off the grid, relying on a 45 solar panel system, a battery bank and a back-up generator to pay the power bills.‘Coorabell Dreaming’ at 970 Coolamon Scenic Drive, Coorabell, is for sale.The home has double glazing and multi-layered insulation to further minimise energy consumption.More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North8 hours ago02:37International architect Desmond Brooks selling luxury beach villa1 day agoIt also comes with its own 14,000 tree rainforest plantation and two 45,000 litre water tanks.Designed by Byron Bay architect Sam Zaher, the three-bedroom house sits 100 metres above sea level and boasts 180 degree uninterrupted views over the Myocum Valley below and to the ocean beyond.‘Coorabell Dreaming’ at 970 Coolamon Scenic Drive, Coorabell, is for sale.With over 20 years experience in banking and finance, and the past five on the board of the federal government’s Clean Energy Finance Corporation, Mr Moore considers himself an “economic greenie”.He and his wife, Di, spend most of their time in their Sydney home and have decided it’s time to sell this one.Mr Moore said he hoped the buyer of his beloved eco retreat was as passionate about renewable energy as he was.“It’s very sad,” he said.“When we told our daughter and son-in-law they both cried.”Coorabell Dreaming is being offered to the market by Unique Estates, with a price guide of $4.2 million.‘Coorabell Dreaming’ at 970 Coolamon Scenic Drive, Coorabell, is for sale.last_img read more

Ibredrola Inaugurates Wikinger OWF

first_imgIberdrola has officially opened its Wkinger offshore wind farm in Germany on 29 October, together with the transmission system operator 50Hertz and authorities from the state of Mecklenburg-Vorpommern.Image source: IberdrolaThe event, which took place at the port of Sassnitz-Mukran, was attended by Iberdrola’s Business CEO, Francisco Martínez Córcoles, the Minister of Energy, Infrastructure and Digitisation of the state of Mecklenburg-Vorpommern, Christian Pegel, and the CEO of 50 Hertz, Boris Schucht.“Wikinger represents a new step in our commitment to supplying clean, efficient and reliable electricity. We will continue to champion offshore wind technology since it enables us to drive the energy transition to a sustainable, low carbon economy,” said the Chairman of Iberdrola, Ignacio Galán. “[T]his wind farm is a clear example of cutting-edge technology and it showcases the enormous potential of Europe’s energy industry to lead the Continent’s reindustrialization through innovation.”Iberdrola said that, to build the Wikinger project, it had had to overcome the technological challenges inherent to this type of work and the difficulties arising from the extreme weather conditions in the Baltic Sea. Over 2,000 employees from 20 different countries participated in bringing the project to life.The 350MW offshore wind farm, worth EUR 1.4 billion, is located off the north-eastern coast of the German island of Rügen and will power some 350,000 German households, representing more than 20% of the energy demand in the region of Mecklenburg-Western Pomerania.Wikinger comprises 70 Adwen 5MW wind turbines, which will generate clean energy equivalent to avoiding the emission of 600,000 tonnes of CO2 into the atmosphere per year.The final wind turbine was installed on 22 October 2017, and the project was linked to the national grid two months later.The Wikinger project marks Iberdrola’s entry into the German market, where it has recently been awarded the construction of two other offshore wind farms: Baltic Eagle (476MW) and Wikinger Süd (10MW).Together with Wikinger, these three wind farms, located off the island of Rügen, will form the largest offshore wind complex in the Baltic Sea, with a total installed capacity of 836MW and a combined investment of EUR 2.5 billion.last_img read more

IMCA Sunoco Stock Car winner earns $5,000 at 141’s King of the Creek

first_imgFRANCIS CREEK, Wis. – The IMCA Sunoco Stock Car king, or queen, at 141 Speedway’s July 19-21 King of the Creek special banks $5,000.Qualifying begins on Friday, July 20; last chance races and the main event are on Saturday, July 21. Entry fee for the Stocks is $100.Karl Chevrolet Northern SportMods race for $500 to win both nights while Mach-1 Sport Compacts are on deck for a $250 to win show on Friday.IMCA Speedway Motors Weekly Racing National, EQ Cylinder Heads Northern Region and Wisconsin State points will be awarded. An open practice is planned for Thursday evening, July 19. Pit gates open at 2 p.m. and racing starts at 6 p.m. Friday and Saturday.Pit passes are $25 on Thursday and $30 Friday and Saturday; a three-day pit pass is $75.Adult grandstand admission is $15 on Friday and $20 on Saturday. Kids ages 10 and under get in free both nights.More information is available by calling 515 231-5444.last_img read more

Advocaat: The time is now

first_img This time around, it will be in-form Crystal Palace threatening to upset the home fans as manager Alan Pardew looks for a fourth consecutive league victory and his eighth in the 12th game since he left Newcastle for Selhurst Park. His opposite number this weekend revealed he has kept a close eye on the Londoner, who presided over his former club’s previous four derby defeats, since a chance meeting in Spain some time ago. Advocaat said: “He started in January, so he had the time to do so. Pardew is an excellent coach – I met him once in Spain when he was the manager of Charlton. He probably doesn’t know, but I still remember that. “They were there at the training centre in Marbella and we talked with each other. He’s a nice man, I like him and then from that moment, I started following him. “He did a great job, in my opinion, at Newcastle, and what he is doing now is unbelievable.” Advocaat will be without Sebastian Larsson, who is suspended for two games after collecting his 10th booking of the season on Sunday, but fellow midfielder Jack Rodwell is available after shaking off a hamstring problem. Advocaat said: “We have to not think about Newcastle any more – I have told them that – because we have in principle five games in which we have to do it. “We still have a chance in the last two away games, but in principle, we have to do it in the first five games, so the most important game is now tomorrow.” The Dutchman’s pragmatism is perhaps well-founded – Sunderland’s derby success has proved short-lived in recent seasons with their previous three victories in the fixture having been followed by defeat, on each occasion by Hull, with two of their reverses coming at the Stadium of Light. He said: “I don’t want to talk about that. I heard that story last week as well, but what can we do about that? We have to forget that, just concentrate on the game and get a result.” The Black Cats turned in arguably their best performance of the season to date to see off the Magpies, with Jermain Defoe’s blistering lone strike scant reward for a hugely committed display. Asked if he was surprised at their lowly position having seen what they could do, Advocaat, who once again fended off speculation that he could extend his stay beyond the end of the campaign, said: “There are many, many good teams in this league. “Surprised? What I have seen is if everybody works hard – you cannot do it all on your own – if they work as a unit, not just 11 players, but the whole squad, if they realise that they cannot do it on their own. We have to do it as a unit and as a team, then we can become successful. “Hopefully we still have enough time to achieve that.” Press Association Dick Advocaat has ordered Sunderland to forget their derby victory over Newcastle and concentrate on securing Barclays Premier League survival before they need shock wins to do it. The 67-year-old head coach guided the Black Cats to the first success of his reign and their fifth on the trot over their arch-rivals on Sunday to ease them three points clear of the drop zone. Wearside has been in celebratory mood since, but having warned his players in the immediate aftermath of the game that it was only a start, he has now challenged them to fend off the spectre of relegation long before they head for Arsenal and Chelsea in their final two fixtures. last_img read more