Latest news with #Hines
Perth Now
3 days ago
- Climate
- Perth Now
Millions of Aussies brace for icy blast
Australians living in the nation's south are being warning to brace for chilly conditions through the weekend as a cold front develops off the Great Australian Bight. The Bureau of Metereology's Angus Hines said Tasmania 'will certainly cop the brunt of that weather system' on Saturday with a 'glancing blow' for parts of South Australia and Victoria. Bureau of Meterologies Angus Hines warned of a cold front developing off the south coast of Australia through the weekend Weatherzone Credit: Supplied The BOM has issued a weather warning for strong winds for people in King Island, Furneaux Islands, Western, Upper Derwent Valley, South East, North East, East Coast, North West Coast, Central North, Central Plateau and Midlands Forecast Districts. Residents in Hobart will see a high of 14C but the temperature will feel much lower due to strong winds and rains sweeping across the state over the course of the day. Into Sunday, however, those in Western Australia's south and around Perth are expected to be hit with the most severe conditions as the system develops. 'This cold front is going to bring a lot of wind, really strong windy conditions, a solid band of rain and the potential for thunderstorms, and I think there's quite a high chance we'll see some severe weather warnings get issued as we get a little bit closer to this front arriving,' Mr Hines said. Tasmania and Perth are among the areas predicted to be most affected. Windy Credit: Supplied 'If you're in Perth or surrounding areas keep your eye on the severe weather tab on the BOM website through the course of the weekend to see what could happen.' A strong wind warning was issued for parts of South Australia including the Lower West Coast, Central Coast, South Central Coast, Investigator Strait and Upper South East Coast. Sheep graziers in the were also warned that cold temperatures, showers and northerly winds are expected during Saturday. Areas likely to be affected include parts of the Upper South East forecast district. With a risk of losses of lambs and sheep exposed to these conditions. Mr Hines said away from the south west Sunday is likely to be 'another fairly settled day for the remainder of the country'. Weekend weather across the country Clear skies are expected along the east coast from northern Queensland down to Victoria, despite chilly and frosty starts to the morning. In the capital cities Canberra will experience a freezing start, dipping to -5C, before a partly cloudy day helps temperatures climb to a mild 15C. Darwin will remain warm and sunny, with a low of 19C and a high of 31C. Brisbane will see similar conditions, reaching a high of 22C after a low of 11C. Sydney will start off cold at 8°C but gradually warm to a pleasant 19C. Melbourne residents should bundle up, with a chilly low of 6C and a top of just 15C. Adelaide will experience comparable conditions, ranging from a low of 9C to a high of 16C.
Business Insider
3 days ago
- Business
- Business Insider
Shaw and Partners Keeps Their Buy Rating on Boab Metals Ltd (BML)
In a report released today, Andrew Hines from Shaw and Partners maintained a Buy rating on Boab Metals Ltd, with a price target of A$0.40. The company's shares closed today at A$0.19. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Hines is an analyst with an average return of -2.7% and a 42.94% success rate. Hines covers the Basic Materials sector, focusing on stocks such as Metro Mining Limited, Boab Metals Ltd, and Boss Energy . Currently, the analyst consensus on Boab Metals Ltd is a Moderate Buy with an average price target of A$0.40.
Newsweek
5 days ago
- Business
- Newsweek
West Coast May Get Tallest Skyscraper Yet As Record-Breaking Tower Proposed
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. A 1,225 foot-high new tower that would be the tallest building on the West Coast has been proposed for San Francisco. An application to build the tower, which would feature 1.6 million square feet of office space, was submitted to the city by Hines, a Houston-based real estate investment and development firm. Set at the site of the former PG&E headquarters at 77 Beale Street, the proposed skyscraper would be the tallest building in the United States outside of New York and Chicago, outranking Philadelphia and Los Angeles, reported the San Francisco Chronicle. In post on X, San Francisco Mayor Daniel Lurie said: "San Francisco just got a proposal for the tallest tower on the West Coast." He explained: "And this is not just about one building. This plan would transform a vacant city block into a dynamic mix of housing, office space, retail, and public space by developing the former PG&E and Matson." A stock image of a view of various skyscrapers and other buildings across the San Francisco skyline. A stock image of a view of various skyscrapers and other buildings across the San Francisco skyline. Getty A spokesperson for Hines told SFGATE that the tower would replace 1.3 million square feet of "obsolete office space" and transform the "gated, inaccessible" block into "a vibrant, activated open space, creating pedestrian pathways and gathering areas, like other successful downtown plazas." The new building would surpass the Salesforce Tower, the city's current tallest building, by about 155 feet, as well as the Wilshire Grand Center in Los Angeles by about 125 feet, which is currently the tallest building west of the Mississippi River, according to the San Francisco Chronicle. The new tower would be the country's 11th tallest skyscraper, sitting just under the 1,250 foot-high Empire State Building and just above the Bank of America Tower's 1,200 feet, both located in New York City, the San Francisco Chronicle reports. The project would also see the restoration of two historic buildings—215 and 245 Market Street, both of which are on the National Register of Historic Places—while the adjacent 25 Beale Street office building would be converted into a residential tower with 120 housing units, according to SFGATE. The spokesperson for Hines described the PG&E/Matson Block project as "a significant investment towards the revitalization of downtown San Francisco and a catalytic project that demonstrates momentum and confidence in the city." The proposed San Francisco tower follows the construction of another major structure in North America—Toronto's One Bloor West building, which is Canada's first-ever supertall skyscraper. Supertall skyscrapers are buildings that stand 300 meters (around 984 feet) or higher, according to the Council on Tall Buildings and Urban Habitat. The construction of the One Bloor West building hit the 300-meter mark, officially becoming the country's first supertall building. Once it's fully built, the skyscraper will be Canada's tallest residential building and its second-tallest human-made structure after the CN Tower. Further afield in Dubai, the Ciel, which will be the world's tallest hotel once complete, was said to be nearing completion. Reaching over 1,197 feet high, the Ciel hotel will also feature the world's highest infinity swimming pool set around 1,004 feet in the sky, as well as a 1,158 feet-high "sky restaurant" and an "atrium sky garden" spanning 12 levels. Newsweek has contacted Hines via email for comment. Do you have a travel-related video or story to share? Let us know via life@ and your story could be featured on Newsweek.
CNBC
6 days ago
- Business
- CNBC
The next frontier in real estate: Data centers on the moon and space-support infrastructure
As private companies like SpaceX and Blue Origin develop reusable rockets and push aspirations for lunar and Martian colonization, real estate investors are dialing in. Some liken it to the early days of the railroads, when entire towns grew up around new lines. One of the biggest plays is lunar and deep space data centers. Hines, a global real estate investment, development and management firm, recently announced the acquisition of the Titusville Logistics Center, a nearly 250,000-square-foot, Class A industrial property located in Florida's Space Coast submarket. The property is fully leased to aerospace tenants. This is just one example of investors looking to capitalize on the boom in the space exploration sector's real estate needs. "A real revolution has happened in the industry, and as things start to get unlocked, companies are looking for how they can monetize space more broadly, and there's a lot of pieces to that," said David Steinbach, global chief investment officer at Hines. Steinbach points to both infrastructure support here on Earth, as well as real estate development for manufacturing on the moon. It may sound futuristic, but it's already underway. CNBC's Property Play with Diana Olick covers new and evolving opportunities for the real estate investor, delivered weekly to your inbox. Subscribe here to get access today. "We are in the early days of something that will be some major investments, and we're creating these new rails of the future. In this case, it's more into orbit instead of on the ground, but when you think about it that way, think about all the nodes that are going to get developed and created. It's exciting, and I think investors need to be thinking that way," he said. One of those rails is data centers. They are going up at a quick pace all over the world, and at the same time sucking up more energy than most local grids can handle. Putting them in space offers a fully decarbonized energy solution. "There is unlimited power in space because of the sun, there is unlimited cooling with the vacuum of space, and there's unlimited real estate in terms of where you can put these things," said Steinbach. The data centers could be built on the moon and either kept there or launched into space. The data would simply be beamed back to Earth. Several companies are already working on construction methods for the moon, including 3D printing. ICON, a Texas-based construction technology company, is collaborating with NASA on developing 3D printing technology for construction on the moon and Mars. NASA is providing support through its Small Business Innovation Research program. And a California startup called Ethos says it has the technology for a moon-based cement ready to go, making it out of the moon's primary material, anorthosite. "Ethos takes the geological resources on the moon, and it turns them into buildable props," said Ross Centers, the company's CEO. "It's a whole new world waiting to be developed, and we develop it. We turn it into landing pads, roads, foundations for data centers and other great things." Centers said Ethos can also use anorthosite to make raw materials for solar panels, conductors and other materials needed to build data centers and other industrial facilities. And he pointed to the massive proliferation of rocket launches that will only multiply. He calls that his ride. "People are really excited about this vision. This is something that people have been looking for. It's not every generation that you get a whole new continent to unlock," said Centers. Industrial warehouses here on Earth will still serve the space economy, Centers said, providing capacity for all the things that will be transported into space as well as areas for space-driven manufacturing. But the warehouse sector overall is getting softer now, with vacancy rates at 8.5% in May nationally due to tariff uncertainty, according to Yardi Research. That's up 290 points in the prior 12 months. Just 86.9 million square feet of new warehouse space was started as of May, on pace for the lowest annual total since 2018. Steinbach admits that industrial broadly is seeing some headwinds in the U.S., and some submarkets – particularly the distribution centers for big box stores – are feeling that more than others. But he also said there are certain markets that are very undersupplied, and the space-support sector is one of them. That's in both Florida and Texas. Steinbach argued there needs to be more development, more capital going toward construction of the infrastructure necessary to support this space real estate race. But, as with everything else, higher interest rates are holding it back. If rates come down, he said, the capital will come. "I think the capital is looking for great opportunities. They're looking for great returns, and this is one of them," Steinbach said.
CNBC
6 days ago
- Business
- CNBC
CNBC Property Play: Building data centers on the moon
CNBC Property Play brings you interviews with some of the biggest names in real estate, touching on everything from commercial and residential to finance and the mortgage markets, innovation in the industry and the growing risk to assets and operations from climate change. CNBC's Diana Olick sits down with David Steinbach, global chief investment officer at Hines, and Ross Centers, CEO of Ethos. They discuss why lunar data centers may become the next frontier in real estate, and how the space exploration boom mirrors the early railroad era. Watch the full interview, and sign up to receive the weekly Property Play newsletter, straight to your inbox.
