Latest news with #skyscraper
The Sun
2 days ago
- Business
- The Sun
Dramatic moment firefighting drones tackle huge skyscraper blaze as flames engulf 500ft building in heart-pounding drill
THIS is the shocking moment a fire rips through a skyscraper - as high-tech drones swoop in to battle the blaze. Multiple firefighting drones swarm the 500ft building in southeastern China during an intense fire drill. 4 4 4 The fire drill took place in a skyscraper in Shenzhen, south China's Guangdong Province, according to Xinhua News Agency. Dramatic footage from June 24 shows flames sweeping through multiple floors as thick smoke billows around the building. Red drones are seen blasting water or foam at the building with force. Each one appears to be targeting a different floor and spraying at a sharp horizontal angle. Made of carbon fiber, these drones can carry up to 770 pounds of foam or water, spraying it as far as 100 feet. They operate at altitudes over 656 feet and can run continuously thanks to a tethered power and fluid supply. It's unclear whether the building on fire was built specifically for safety drills, has been abandoned or is currently in use as an office or apartment block. But this is just one of several recent innovations coming out of China. It comes as China recently put out to sea the world's largest cargo ship. The 1,310-ft-long vessel is said to be capable of holding a whopping 220,000 tonnes of goods and stacking 24,000 containers. A massive fire has broken out in a skyscraper in Dubai Footage shows the monstrous vessel - built in just 17 months - ripping through the ocean. Named the CMA CGM SEINE, the vessel was delivered from its Hudong-Zhonghua shipyard in Shanghai in April. The ship has a fuel bunker with a capacity of 18,600 cubic metres of LNG (Liquefied Natural Gas), allowing it to travel nearly 20,000 nautical miles when fully loaded. While dubbed the "sea monster", this ship is actually more environmentally friendly than traditional oil-powered vessels. It emits 20 percent less carbon dioxide, 85 percent fewer nitrogen oxides and 99 percent less particulate matter and sulphur oxides. China's goal in building these giants vessels is reportedly to reduce logistic costs, make global shipping greener and increase its connectivity to other parts of the world. 4
Yahoo
6 days ago
- Business
- Yahoo
INCOCO CAPITAL SECURES $525M CONSTRUCTION LOAN ON 55-STORY CONDOMINIUM DEVELOPMENT PROJECT IN LIC'S COURT SQUARE
LONG ISLAND CITY, N.Y., June 26, 2025 /PRNewswire/ -- Incoco Capital, along with developers Tavros and Charney Companies announce that Madison Realty Capital, Kushner Companies, and OneIM have provided significant construction loan financing for its development of 24-19 Jackson Avenue and 45-03 23rd Street in Court Square, a 55-story skyscraper which will soon begin rising in Long Island City. Financed with $425 million in backing from Madison Realty Capital, a vertically integrated real estate private equity firm, along with $100 million from Kushner, a multi-generational real estate development and management firm, and OneIM, a global alternative investment manager and Kushner's capital partner, the condominium will bring 636 new units to the already vibrant Long Island City neighborhood. "We have successfully carried out numerous projects in New York in partnership with proven developers and global institutional investors, including Korea" stated Fa Park, Chairman and Founder of Incoco Capital. "We are also exploring EB-5 investment opportunities, given the project's potential for job creation and broad economic impact." The project site was completed in 2022 when Incoco Capital acquired additional land from Japanese hotel chain Toyoko Inn for approximately $68.5 million, doubling the size of the original site, which had been assembled by Tavros and Charney since 2016. The architectural design is being led by FX Collaborative, and the residential offerings will include a diverse mix of units, ranging from studios to one- to four-bedroom residences. In addition to offering a premier amenities package, Chelsea Piers Fitness will occupy the building's podium for 30 years, and Whole Foods will do so for 15 years. Construction will begin in June 2025 and conclude in the spring of 2028. "We're very excited to commence construction on our Court Square building, which is set in a spectacular location with wide ranging views of Manhattan, Brooklyn, Queens, the East River and its bridges," said Nicholas Silvers, Founding Partner of Tavros. "This is an extremely exciting time for us, and we're grateful to both Madison Realty Capital and to Kushner for sharing in this exhilarating project." "The opportunity to create new condos in one of the most electric neighborhoods in Queens has been a journey of perseverance, challenging work and vision, all supported by a world-class team of professionals, colleagues and of course, our financial partners," said Sam Charney, Principal, Charney Companies. "Our dream is now becoming a reality, with construction beginning immediately." "We are pleased to provide financing to Tavros and Charney, repeat borrowers with significant experience delivering luxury projects across Manhattan, Brooklyn, and Queens, for a development that will bring affordable housing units in addition to a premier grocer and fitness experience to the already vibrant and diverse Long Island City community," said Josh Zegen, Managing Principal and Co-Founder of Madison Realty Capital. "This transaction reflects Madison Realty Capital's commitment to supporting best-in-class developments and providing innovative financing solutions to advance transformative projects throughout New York City." "The building is located at the nexus of Manhattan, Queens, and Brooklyn, and the neighborhood is primed for a stunning new property," said Matt Burrows, Managing Director, Kushner. "Tavros and Charney have a stellar record with projects such as The Dime in Williamsburg, The Jackson in LIC, and the five Gowanus Wharf residences currently in development. With the backgrounds and the reputations that the two developers share, we are confident that Court Square will be another well received and successful addition to the continuously evolving neighborhood." A hub for public transportation, Court Square is conveniently located near the 7, G, E, M, N, and R trains. Buses abound, with routes through Brooklyn, Queens and Manhattan. The Long Island Railroad is steps away, as are great restaurants for all wallet sizes, MoMA PS1 and other museums, parks and shopping. About Incoco Capital:INCOCO, the inventor and manufacturer of the world's first dry nail polish strips, has been employing innovative and proprietary technologies to transform the cosmetics market since the company's launch in 2005. INCOCO's Color Street brand launched in 2017, has grown into one of the most prolific direct selling companies in the Unites States, and was ranked 24th amongst direct selling companies globally in 2020. Now with a worldwide distribution channel and full cosmetic lineup, INCOCO aims to become a premiere and global cosmetic group. Incoco Capital, a privately-owned real estate investment management and development firm. Currently, the firm is leading five large-scale development projects across New York City. About Tavros:Tavros is a privately-owned real estate investment management and development firm. They invest on a discretionary basis, with a strong focus on New York City, and a global investor base of family offices, trusts, high net worth individuals, and institutions. Core to the Tavros discipline is the quality of its partnerships with tenants, investors, and lenders. As an owner and property manager, Tavros aims to ensure a positive experience for its tenants through attention to detail and a focus on quality of life. About Charney Companies:Founded in 2013, Charney Companies is a fully integrated real estate development, construction, brokerage, and management firm with a focus on developing, owning, and operating first-class residential and commercial real estate in the New York City Metro area. From ground-up construction to adaptive reuse and value-add repositioning, Charney plays an integral role in all aspects of the development process and leverages the expertise and experience of their principals to deliver superior products to the marketplace and best-in-class returns for their investors. Charney owns, operates, and is under construction on two million square feet throughout Brooklyn and Queens, and has won awards and accommodations from municipal organizations and media outlets for their work over the last 5 years. For more information, visit: About Madison Realty Capital:Madison Realty Capital is a vertically integrated private equity firm focused on US-based commercial real estate private credit strategies. As of March 31, 2025, the firm, including its controlled affiliates (collectively, "Madison"), manages $23 billion in assets on behalf of a global institutional investor base. Since 2004, Madison has completed $66 billion of securities and non-securities real estate transactions largely through direct lending to a wide range of borrowers, acquiring non-performing loans and making preferred equity investments. Madison Realty Capital seeks to deliver value across every phase of the property lifecycle by providing customized financing solutions and strong underwriting capabilities that meet borrowers' unique needs with speed and certainty of execution. To learn more, follow Madison Realty Capital on LinkedIn and visit About Kushner:Kushner is a multi-generational real estate development and management firm headquartered in New York City. The company's diverse portfolio encompasses residential, commercial, retail, hospitality, and industrial properties, with over 10,000 units currently under development and over 25,000 apartments under ownership across fourteen states. Kushner's integrated team touches upon every step of the development and management process for its properties, creating an unparalleled and seamless experience for their tenants, team members, and partners. About OneIM:OneIM is a global alternative investment manager that invests across the capital structure, in a range of asset classes, industries and geographies. The firm applies a flexible investment approach and focuses on creating long-term value working with exceptional partners and management teams. OneIM is sector agnostic and focuses on situations where it can leverage its cross-asset class expertise and capital base to achieve differentiated risk-adjusted returns. The firm was founded in 2022 and currently manages approximately $7 billion in assets. The team operates from offices in Abu Dhabi, London, Tokyo and New York. CONTACTS: Brian Lee Doyeon HwangIncoco Capital, LLC Incoco Capital, LLC(212) 847-7442 (212) 847-7442brian.l@ doyeon.h@ View original content to download multimedia: SOURCE INCOCO CAPITAL, LLC Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
New York Times
20-06-2025
- Business
- New York Times
Is This 19th-Century Factory the World's First Skyscraper?
It's billed as the 'grandparent of the modern skyscraper,' though it's unlikely you've heard of it. From the outside, Shrewsbury Flaxmill Maltings resembles any number of red brick relics from the industrial revolution that litter the English north and Midlands. But as the first building in the world to be built from a precast iron frame, this 18th-century mill is, according to its custodian, a 'profoundly important' monument of world architecture — the forerunner of all iron- and steel-framed buildings, from 20th-century icons like the Empire State Building to 21st-century behemoths like the Burj Khalifa in Dubai. Now, this slab of English industrial heritage is ready for its close-up. This spring, English Heritage, the charity that manages Britain's state-owned historic monuments, took ownership of the Shrewsbury site with a mission to highlight its past and future. The factory may be a miracle of modern engineering, but its legacy is stained by the suffering of the workers, many of them children, who toiled there in harsh conditions. It now houses a museum dedicated to that history, but it is also being reborn as upscale offices for entrepreneurs. Soon, parts of the wider site will be converted into smart new housing. The transformation is the latest in a push to find new uses for outsized relics of Britain's industrial past, driven in part by heritage campaigners. 'Heritage is often castles, thatched cottages, stately homes,' said Matt Thompson, English Heritage's curatorial director. 'Industrial heritage was for a long time overlooked because it's not immediately responding to what we consider significant.' Want all of The Times? Subscribe.
Yahoo
15-06-2025
- General
- Yahoo
Massive Fire Engulfs 67-Story Apartment Building with Nearly 4,000 Residents, Took 6 Hours to Contain: 'It Was Terrifying'
A 67-story skyscraper went up in flames in Dubai on Friday, June 13 Rescue workers worked for six hours to ultimately contain the blaze All 3,820 residents of the apartment building were successfully evacuatedA 67-story skyscraper containing 764 apartments went up in flames in Dubai. The fire broke out at the Marina Pinnacle building in the Dubai Marina on the evening of Friday, June 13. Specialized teams successfully evacuated all 3,820 residents of the building, per multiple statements from Dubai's Media Office that were posted on social media. The Media Office also shared several photos from the harrowing scene, one of which showed flames emanating from several floors. In a follow-up post, the Media Office stated that ambulance teams and medical staff were 'on site to offer full medical and mental support to the safely evacuated residents.' They also said authorities were working with the building's developer to provide temporary housing for building residents. Emergency services were ultimately able to fully extinguish the fire after six hours, according to an additional update. Eyewitnesses told the Khaleej Times that the fire broke out at about 9:30 p.m. local time. 'I woke up from my sleep after smelling pungent smoke coming into my room. I heard my housemates calling me and we hurriedly went down the building in our pajamas,' one resident told the outlet. She added, 'When we went down, we saw thick smoke coming from the upper level, possibly around the 60th or more floor.' Another resident claimed that he and his wife initially assumed something was burning in their apartment. 'I was on the 24th floor with my wife when we started smelling something like burning wires around 9:45 p.m.,' the resident told the outlet in a follow-up story. 'We checked everything inside the apartment, including the kitchen, but found nothing.' Never miss a story — sign up for to stay up-to-date on the best of what PEOPLE has to offer, from celebrity news to compelling human interest stories. He said that by the time they left their apartment, the stairwell was already filled with smoke, and so they were forced to take the elevator, which 'thankfully worked.' "My wife felt dizzy from the smoke. We waited outside for nearly 45 minutes before booking a hotel. Later, we saw flames on the upper floors. It was terrifying," he said. It is not yet clear what caused the fire, nor where it initially broke out within the building. PEOPLE reached out to Tanami Properties, the company that owns the building, as well as the Dubai Civil Defense, which oversees fire and rescue operations, for comment, but did not receive an immediate response on Saturday, June 14. Read the original article on People
Daily Mail
14-06-2025
- General
- Daily Mail
Inferno rips through 67-story Dubai skyscraper
Spine-chilling footage shows the moment a huge fire engulfed a 67-story skyscraper in Dubai . Marina Pinnacle - a residential building home to 3,820 people in the affluent area of the Dubai Marina - went up in flames at around 9.30pm on Friday night. Dubai Civil Defence teams spent six hours tackling the blaze until it was successfully contained early on Saturday morning. All 3,820 residents from 764 apartments were evacuated safely and there were no injuries, according to the Dubai Media Office (DMO). 'Ambulance teams and medical staff are on site to offer full medical and mental support to the safely evacuated residents,' a spokesperson for the DMO said on X. Affected residents were provided with temporary housing in a coordinated effort from the authorities as well as the building's developers. With no update on when they can return to their homes, residents have made temporary living arrangements. Prateek M, an Indian expat who lives on the 22nd floor with his wife and young son, has temporarily moved into a hotel. He told Khaleej Times: 'Neighbours from the next building shouted and told me our tower was on fire. I grabbed my son and told my wife to head straight to the emergency exit with me.' The young family battled through thick smoke and descended the staircase. 'We had to hold on to the shoulders of the person in front of us, he said. 'Once we reached the parking levels, where it's more ventilated, we could breathe a little better.' Prateek told the publication that he hopes to return to his apartment soon to check for damage and to retrieve important documents. 'We are safe, and that's what matters. But we hope to return home soon,' Prateek said. Raza, who has lived in the building for three years, was not home when the fire broke out. He remembers the roads being blocked when he arrived at the building at 1am. 'It was clear that I wouldn't be able to go in' he said. After coming across his neighbours who had evacuated the burning building without their phones, Raza started calling taxis to get people to their friends and relatives. Raza said he is 'grateful' that his boss has granted him time off to deal with his housing situation, adding: 'Right now, I am just waiting to know when we can go back and collect our things.' Although the cause of the fire is not yet known, shocking footage appears to show the blaze starting in the upper floors of the building.
