Madison Realty Capital grants MAG Partners construction loan on affordable residential building24/10/2020 KUALA LUMPUR, Oct 23 -- Madison Realty Capital has granted MAG Partners a US$173 million construction loan that will allow work to commence next month on a 480-unit rental residential building in Chelsea. (US$1 = RM4.14)
According to a statement, the project will be developed under the Affordable NY programme with 30 per cent of its units reserved for low and middle-income New Yorkers. It is a joint venture between MAG Partners, Safanad, Atalaya Capital Management and Qualitas, one of the biggest asset managers in Australia. “This marquee 480-unit multifamily rental building, located within a few blocks of Hudson Yards and other prominent tech tenant expansions on the west side, will be one of the only new multifamily rental projects built in Manhattan in the next few years,” said Madison Co-Founder and Managing Principal, Josh Zegen. “This is an incredibly desirable location as major tech companies continue to sign big leases within walking distance, and we expect to see very strong long-term demand for this property when it opens in 2022,” said MAG Partners Founder and Chief Executive Officer, MaryAnne Gilmartin. MAG Partners acquired the site in December 2018 via a 99-year ground-lease with Edison Properties and the development is expected to be complete in late 2022. The construction financing was arranged by Adi Chugh of Maverick Commercial Properties, while Jeff Rosen from MAG Partners has represented ownership. The financing supports construction throughout the estimated 30-month construction period. MAG Partners selected Rick Cook and COOKFOX, a firm that is the best and most prolific team for innovative contextual and sustainable development in New York to design the building. -- BERNAMA
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KUALA LUMPUR, Oct 23 -- Brightcove Inc, the global leader in video for business, recently announced a complete reimagination of its brand, inclusive of all-new positioning and voice, as well as a bold new graphic identity.
According to a statement, the rebrand comes at a time when video is being fully embraced by both consumers and businesses across all sectors. This solidifies the company’s mission to own the video platform conversation globally as the definitive voice on how video is hosted, shared, monetised and experienced, while achieving customer goals via its leading technology. Brightcove has been an integral part of the video industry for over 15 years, pioneering innovations and creating award-winning technology and services used by media organisations and enterprises globally. Now, during a time when video reliance has quickly accelerated and seen exponential growth, this vibrant new identity reflects Brightcove’s ceaseless efforts to push the boundaries of what’s possible in video, establishing its continued dedication to empower its customers to tell their stories. With over 50 industry-defining patents under its belt, Brightcove lives and breathes video - a key message the company clearly illuminates through this brand evolution. Whether it’s solutions for broadcasting or publishing, marketing, enterprise communications, virtual events or livestreaming - the Brightcove team takes pride in making video easier for its partners, and has yet to meet a video challenge it can’t tackle and innovate upon. Brightcove provides game-changing video solutions to over 3,381 customers globally. This roster includes industry leaders spanning verticals, from media titans, food and beverage giants, and authorities in entertainment. -- BERNAMA KUALA LUMPUR, Oct 22 -- Rhizomatiks Co Ltd and Evixar Inc, both based in Tokyo, have jointly developed the ‘Home Sync Light’ device, enabling home live streaming with synchronised lights with live performance.
According to a statement, the cylindrical device emits light to enhance the pleasure of live streaming experience at home by synchronising with streamed sounds at high precision. The light from the LED in sync with live video productions, lighting and lasers spreads throughout the room, making viewing experience of live streaming more immersive. Home Sync Light makes use of acoustic communication ‘Another Track (R)' developed by Evixar to sync through sound on the device alone. Users just need to turn on the device and put it where they can hear the streaming sound for the LED to automatically start flashing in sync with the music. Synchronisation takes only about one second even if the user starts watching the streaming from halfway through. Furthermore, the streaming platform is not restricted since no dedicated smartphone apps or special web pages are required for device communication. In the future, Rhizomatiks and Evixar plan to expand this device into concert goods and for event production, and they are currently looking for business partners. Watch how the device works at https://youtu.be/z5SwSouk9ws -- BERNAMA Manufacturing companies set to increase production localisation - Euromonitor International23/10/2020 KUALA LUMPUR, Oct 23 -- Around 30 per cent of manufacturing companies plan to increase production localisation efforts over the next six months to better shield from future risks, according to global market research company Euromonitor International.
The production localisation progress would make global supply and logistics chains shorter and provide new growth opportunities for North American and European suppliers, said in a statement. In addition, changing economic conditions and consumer preferences will impact the manufacturing sector, which will have to adapt to the ‘new normal’. The future of the global manufacturing industry will be defined by five key trends by 2025 including transition towards demand-driven supply chain; embracing digital solutions and automation; greater flexibility of supply chains; and, repurposing manufacturing capabilities. Manufacturing companies are expected to invest more in a demand-driven supply chain model and greater flexibility in their facilities. Meanwhile, around 50 per cent of companies plan to reshape their digital strategies and invest into e-commerce, while one-third of respondents from Euromonitor’s Voice of the Industry survey 2020 will accelerate investments into automation tools. It is also stated that the manufacturing sector is predicted to transform supply chains in the next two to three years, by making them more localised and flexible, while companies will also look for new ways to utilise manufacturing capabilities outside of their primary industry. -- BERNAMA KUALA LUMPUR, Oct 22 -- Toshiba Electronic Devices & Storage Corporation (Toshiba) has launched an H-bridge motor driver, ‘TC78H660FNG’ housed in a TSSOP16 package with a widely used pin-assignment. It is Toshiba’s latest addition to its line-up of drivers for brushed DC motors and stepping motors for applications that include mobile devices and home appliances. Toshiba’s new-generation DMOS process allows TC78H660FNG to achieve a low ON resistance of 0.48Ω at its maximum rating of 18V/2.0A, and reduces heat generation compared with Toshiba’s current products. The new driver has a regulator for driving internal circuits, and can drive a motor with a single power supply ranging from 2.5V to 16V. Its wide range of applications include mobile devices powered by a 3.7V lithium-ion battery, 5V USB powered devices, and 12V system devices for home appliances. It also supports a low 1.8V interface. According to Toshiba in a statement, TC78H660FNG can be used in battery-powered mobile devices, including robots and toys; home appliances including refrigerators; and, smart metres. -- BERNAMA |
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