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Tile floors are a common theme throughout the 5,049 floor plan, and custom windows provide panoramic ocean views in the living room, family room, formal dining room and chef’s kitchen.
The views continue in the master suite, which also holds a spa bath and a den with a fireplace. The home is completed by an office with wood finishes, three bedrooms and a guest suite with its own entrance.
Ocean-facing decking and patios — including a 3,000-square-foot rooftop terrace with a built-in barbecue — create additional living space outdoors.
Sally Forster Jones and Shauna Walters of Pacific Union International hold the listing.
LONDON • The Chinese group that owned MP & Silva is suing the founders of the collapsed European sports rights firm after losing hundreds of millions of dollars.
The consortium, which includes state-owned Everbright Securities, filed a claim in the High Court in London, alleging commercial fraud, according to a legal filing.
The document named MP & Silva founders, Andrea Radrizzani and Riccardo Silva, as defendants but provided no further information.
The Chinese investors, who bought control of the company in a 2016 deal valued at US$1 billion (S$1.35 billion), had sent letters to the former owners, alleging their sports rights contracts could not be easily renewed, according to people familiar with the matter.
They are looking to recoup losses after MP & Silva was wound up in October, the people said, asking not to be identified as the deliberations were private.
Radrizzani is the chairman of English Championship club Leeds, while Silva owns media group SportBusiness as well as Miami FC, who play in the second tier of American professional football.
Both, however, declined to comment while representatives of Everbright Securities did not immediately respond to questions about the lawsuit.
Some of the allegations concern the way that MP & Silva, under Chinese ownership, lost key contracts, such as the Italian Serie A, one person said.
The Italian duo believe that the company collapsed because its new owners did not grasp the complexities of the industry and failed to hang on to a sufficient number of experienced deal-makers, the people said.
The firm also went through three chief executive officers since the acquisition, while the consortium failed to participate in an emergency rights issue in the summer of last year.
The buyout of MP & Silva came at a time when Chinese investors were being encouraged by government authorities to invest in sports businesses, especially football related.
Chinese investors took over or acquired stakes in European football teams, including Aston Villa, West Brom, Wolves, Southampton, AC Milan, Inter Milan, Atletico Madrid and Slavia Prague.
Not all the investments were deemed successful, and some have been reversed, with the Atletico stake subsequently being sold, and billionaire Tony Xia giving up control of Aston Villa.
China's Dongfeng Motor Group <0489.HK> is still weighing the benefits of investing in loss-making PSA Peugeot Citroen , a top Dongfeng executive said, hinting that a deal with the French carmaker could take a long time.
PSA is preparing a 3 billion euro ($4 billion) capital increase, in which Chinese partner Dongfeng and the French government will each contribute 1.5 billion euros and acquire 20 to 30 percent of the troubled carmaker, sources with knowledge of the plan told Reuters earlier this month.
The sources added that Peugeot hopes to conclude the deal this year.
However, at an industry forum in Shanghai at the weekend, Dongfeng's general manager Zhu Fushou suggested that China's second-biggest vehicle maker is not in a hurry to make that investment.
"If we can complement each other's advantages, if we can achieve synergies, we may go ahead to do it. Otherwise, we would not do it,' Zhu said.
"As a partner, we are surely concerned about the overall business of PSA. Last year, it made a net loss of 5 billion euro ($6.90 billion)."
To illustrate the complexity of such a transaction, Zhu cited a recent deal in which Volvo acquired a 45 percent stake in Dongfeng's commercial vehicle unit.
"Regarding the strategic alliance between Dongfeng and Volvo, we made preparations for several years before reaching a consensus. We both agreed that we would greatly benefit each other."
Zhu reiterated Dongfeng's global ambition, saying that there was an unstoppable trend for Chinese automakers to expand overseas, despite headwinds including low awareness of Chinese brands, inexperience in international operations and trade protectionism.
"For China's auto industry, the progress and determination of globalization is irreversible ... but the road ahead will be bumpy."
After 15 years of serving Indian dishes from India's Mumbai region, Rani Indian Bistro is closing.
The longtime Coolidge Corner restaurant will serve lunch on Dec. 19 as its last act.
Owner Samir Majmudar has spent 27 years running Indian restaurants – first Bombay Bistro and then Rani - at 1353 Beacon St.. With the lease expiring, Majmudar decided it was time to close.
“I would have to sign a big long-term lease with my landlord and I have reached a stage where I don’t want to assume any more responsibility than I’ve already assumed,” Majmudar said.
While the rent increase was an expense he expected and understood, it was other expenses that were taking their toll. The real estate tax, wage increases and penalty fees for having his employees on the Massachusetts Health Connector became too much.
Rani’s closure is the most recent in a series of closures in Coolidge Corner, and Brookline more broadly. After opening in Brookline Village in August of 2017, Best Burger Bar closed earlier this month.
Before Rani Indian Bistro, Majmudar opened Bombay Bistro in 1991 at Rani’s Beacon Street location. Bombay Bistro was Majmudar’s second restaurant. He and his wife opened Barbeques International on Brighton Avenue in Allston which they ran for six years before selling it.
Though Barbeques International had simple food, explaining what kind of restaurant it was required a long explanation. So when Majmudar decided to open another restaurant he knew he wanted a simple explanation – Indian food.
“After opening Bombay Bistro I never looked back,” he said.
After 12 years running Bombay Bistro, Majmudar decided it was time to change things up, and so he opened Rani.
“In this industry you really have to keep on inventing, reinventing,” he said.
In his 27 years on Beacon Street, Majmudar has seen a lot of change come to Coolidge Corner. Banks have replaced small businesses, diluting the area’s shop local energy.
“It’ll be so eerily quiet, it doesn’t feel the same, that vibe is not there,” said Majmudar, describing Friday and weekend nights in Coolidge Corner.
Having worked in the restaurant industry for 33 years running a variety of restaurants, Majmudar has built up a slew of memories. Among those fond memories are visits from Steven Tyler and Vice President Al Gore.
Majmudar recalled driving his daughter to a birthday party in Newton one morning when one of his employees called to tell him that Secret Service had shown up at Rangoli, his restaurant in Allston.
When Majmudar arrived, the Secret Service told him that Vice President Al Gore wanted to come with his family for lunch. Honored to have the Vice President coming to lunch, Majmudar, his wife and the entire staff jumped into preparations. After giving the Secret Service full access to the restaurant and making sure eve...
“This man walks in so humble requesting a table for five, what a fun lunch to serve,” Majmudar said with a laugh.
After Rani serves lunch on Dec. 19, it will close to the public. Majmudar will finish the day with a dinner at Rani for his family and friends.
What’s taking over Rani’s space?
As Rani’s lease winds down, a new restaurant is already planning to take over the space. 6 Po Hot Pot is expected to open in April of next year.
A franchise brand originating in Chengdu China, 1353 Beacon Street will be 6 Po Hot Pot’s first U.S. location.
Co-owners Jessica Jiang and Lily Zhao have already begun working in the space. Majmudar’s experience has been especially helpful, they said.
THE South is giving up its ``bargain basement'' strategy for attracting new business. For 50 years, Southern states have touted low taxes, moderate wages, and cheap land to lure new factories from other parts of the country.
It was a strategy that worked. Southern industry rapidly expanded.
Now times have changed. As the United States moves into a global economy, Southern states find themselves competing with developing countries where wages are only one-tenth those in the US.
Governors from across the South are meeting here this week to look for new ways to stimulate the region's economy.
Delaware Gov. Michael Castle (R), chairman of the Southern Governors' Association (SGA), says it's time to move away from competition between the various states and regions for industry.
``Economic development ... for decades has meant (each state) going it alone, putting together the most competitive package to (attract) new businesses and new jobs,'' the governor says. But more may be needed now, according to Mr. Castle.
A new strategy for the 1990s is now emerging, an SGA survey of Southern leaders finds. In the future, the emphasis will be on growth from within.
``The emergence of a global division of labor means that a strategy of attracting low- and moderate-cost, and low- and moderate-skill firms is no longer the route to economic success it once was.
For half a century, the South kept costs to business low by holding down taxes. That meant lower investment by state and local government in education, roads, bridges, and other public works. That was all right - as long as the South had to compete only with Northern and Western states.
Now Southern officials say they must quickly move to a new strategy that emphasizes human skills, a strong infrastructure, and assistance to business.
In the past, better schools were supported by some Southern officials, but improved quality meant higher taxes - and that collided with the previous strategy to attract business from other regions.
Now Southern leaders widely agree that growth must come ``from within,'' says Castle. Growth must be fostered by innovation from a steadily improving work force that includes more scientists, engineers, and technicians.
South Carolina has already moved ahead with one of the most noteworthy education programs in Dixie. The state is operating an incentive program that awards the best schools.
Cash and noncash prizes go to the South Carolina schools that show the greatest year-to-year improvement in test scores.
Nigeria: Is Goodluck Jonathan's southern strategy on Boko Haram a problem?
With 12 turkeys, 42 pies and 60 loaves of bread, Cornell student volunteers served a Thanksgiving dinner to approximately 300 people Sunday in Owego, N.Y. — a town that was struck by devastating flooding in September.
Erin Keene ’12, Kit Dobyns ’12, and Lindsey Brous ’12 led the event, created to benefit the victims of the September flood.
The flood was triggered by rains that fell as the remnants of Tropical Storm Lee passed through the region. Owego officials estimated that three quarters of the village’s 1,600 homes were damaged.
“People were extremely grateful to have a hot meal and to have a reason to celebrate and come together as a community after such devastation,” Brous said.
The event took a month to plan, and volunteers spent about three weeks spreading word about the dinner to the Owego community through radio announcements, posters and personal invitations. Volunteers also went door-to-door to the neediest residents to extend the invitation, Brous said.
Although most of the event’s organizers were seniors, there were students from each year and each college, and a recent Cornell graduate also came back to help, according to Brous.
“It’s also an initiative to get freshmen involved in making an impact on the community,” Brous said.
The event was sponsored by the Student Assembly, Cornell Concert Commission, Cornell Greek Tri-Council, Cornell Public Service Center, Cornell Hillel, and the School of Hotel Administration, so many of the student volunteers heard of the dinner through these organizations or saw the advertisements placed throughout the...
“All of the food was purchased with the money the sponsors donated,” Keene said, adding that an especially large donation came from the Hotel School.
According to Brous, donations were also received from Collegetown Bagels and Maine’s.
In addition to the dinner, the student volunteers filled 30 bags with donated canned goods, and these went to the Tioga County Open Door Mission and the Tioga Country Rural Ministry to fill food banks in Owego for the holidays, Brous said.
The canned goods were collected through the Food for Flood Relief food drive on campus.
The School of Hotel Administration and Brous decided on the menu, and Keene and Dobyns were in charge of publicizing the event.
The Cornell Concert Commission also sponsored a band to perform during the dinner. It chose The Destination, a 9-member, classic rhythm blues and rock band.
Approximately 130 students signed up for 3 hour shifts to volunteer at the dinner, with shifts beginning at 6 a.m. on Sunday.
The student volunteers were assigned to various tasks throughout the day, from helping to cook the food, decorating the community center and filling bags with the canned goods.
Food was served from 5 to 8 p.m., and the student volunteers’ tasks during this period ranged from food runners and servers to hosts and greeters. The dinner was served buffet style, and Owego residents could come to eat at any time.
After the event, the leftovers were brought to homeless shelters in Owego and to the Sheriff’s office.
Brous added that for some residents of Owego, this will be their only Thanksgiving dinner this year, while others were asking for recipes because they thought the food was delicious.
“Some people were asking for pies to take home so they could heat them up at their own Thanksgiving dinner,” she said.
Cornell student volunteers said they enjoyed seeing how something as simple as a Thanksgiving dinner could have such a huge impact.
Theresa May’s decision to pursue a hard Brexit is driving Conservative-supporting remainers to desert the party, the Liberal Democrats’ newest MP said in the aftermath of her sensational win in the Richmond Park byelection.
In an interview with the Guardian, Sarah Olney said her victory over Zac Goldsmith on a 21.5% swing was secured thanks to voters who felt the prime minister was only focusing on the part of the population that voted to leave the EU.
“What I found when I was talking to voters is an awful lot of people who’ve never voted anything else but Tory said they were going to vote for us,” she said, arguing that people back the Conservatives for “stability, security and economic competence”.
Olney, who overturned a majority of 23,000 to become the MP for Richmond Park and North Kingston in south-west London, accused May of “pandering” to people such as Nigel Farage, who she said were guilty of “stoking up division to serve their own political ends”.
“One of the things that concerns a great deal of people in this constituency is ... the Conservative government seems to be shifting very rapidly towards the right,” she said, claiming May was trying to appease “Ukippy members of parliament”.
Olney argued that her 1,800 majority, secured with just under 50% of the vote, was a cry from the 48% of remain voters to be listened to and for a more “moderate, consensual, unifying approach” to Britain’s EU exit.
It was a bad day for Labour, which did so badly in Richmond it lost its deposit. Professor John Curtice warned that the party was right to worry about the risk of losing socially conservative voters who were likely to back Brexit, but warned it had an even bigger amount of support among pro-EU liberals. “The nightmare ...
Although Goldsmith was standing as an independent after resigning from the Conservative party to fulfil a promise to his constituents over Heathrow, Olney argued that the vote was not “against him personally” but instead about his leave support and May’s leadership since the Brexit vote.
The Conservative MP Anna Soubry, who has become a vocal critic of a hard Brexit, agreed as she praised the Lib Dem’s “sensational” result.
She warned that the election upset was because of the “terrible mistake” of ignoring those who backed remain, and claimed voters were angry about the behaviour of the foreign secretary, Boris Johnson, in “insulting other countries”.
Soubry called on the government to publish a white paper for politicians to discuss leaving the EU. Her colleague Nicky Morgan said it was a “wake-up call for those pushing hard Brexit”, saying those who opposed the direction of travel were making themselves heard.
The result was also noted in Brussels, where the chief Brexit negotiator, Guy Verhofstadt, said: “Europe is watching and we are proud,” triggering an angry exchange with the former cabinet minister Iain Duncan Smith.
Nevertheless, the victory – which could make Conservative MPs in seats such as Twickenham, Kingston upon Thames and Lewes in East Sussex nervous – came at the end of a week in which the government appeared to soften its position over access to the single market.
Olney, who will vote against article 50 and wants a second referendum on the Brexit deal, stumbled in one of her first media outings, having to be pulled off air by an aide during an interview on Talk Radio.
Speaking to the Guardian, the MP was critical of both out and in campaigners in the June referendum, arguing that the then prime minister, David Cameron, had wrongly opted for “project fear”.

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