Ocean City has activated the parking meters, a sure sign that the summer season is just around the corner. Fees range from 25 cents per hour in the area of downtown Asbury Avenue to $1.50 per hour (25 cents for 10 minutes) in the beach and Boardwalk zone, according to the city website. Time limits range from one to eight hours.Payment can be made by coins, credit card or through a smartphone app. Visit http://www.ocnj.us/parking/ for information on how to download the app. The meters were activated on Wednesday, May 1. Each year, Ocean City charges for parking at the meters and surface lots from early May to early October to coincide with the peak tourism season. All traffic lights that were placed in the flash mode during the slow off-season months have returned to normal operation, police said. The intersections where traffic signals are back to regular operation include: 34th Street and Central Avenue 40th Street and West Avenue46th Street and West Avenue52nd Street and West Avenue18th Street and Wesley AvenueAnd 24th Street and Bay Avenue Don’t forget to feed the meter when parking around town now.
Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:58Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:58 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD576p576p360p360p216p216pAutoA, selectedAudio Tracken (Main), 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 Rate1xFullscreenWhy location is everything in real estate01:59 These are 2018’s best homes MORE: Online shopping trends are among the headwinds set to bombard retail property returns in the coming five years. Picture: AP Photo/Bebeto Matthews.Shoppers flocking to their couches for a bit of online retail therapy have property experts spooked, sending shivers through the latest five-year price forecasts. Retail was set to be the proverbial canary in the coal mine amid a fresh warning for commercial and industrial property investors to brace for lower returns in the coming half-decade.The siren was sounded by industry analyst and economic forecaster, BIS Oxford Economics in its latest Australian Property Outlook report out today.Author BIS Oxford Economics head of property Dr Frank Gelber expected post-GFC double-digit returns that the sectors have been enjoying to drop to single digits in the next five years.“Markets with low expectation of capital gain will soften first as buying pressure dries up,” he said. “Already, sentiment has turned against retail property, primarily for fear of growth in internet shopping. Other markets, too, are vulnerable.” Brisbane suburbs to watch in 2019 FOLLOW SOPHIE FOSTER ON FACEBOOK Retail, where the digital headwinds were, was also the sector most vulnerable to a shift in investor sentiment.Large format shopping centres were expected to ride it out better than traditional retail stores — with returns expected to halve to around 7.9 per cent on a five-year horizon. Still, it’s a big drop from the previous five years 16.7 per cent.The best performance for investors was expected to come from office markets with strong rental growth: Sydney (9.2 per cent internal rate of return IRR), Melbourne (7.7 per cent) and Canberra (6.1 per cent), according to Dr Gelber. All three though are a far cry from the 2013-2018 heyday where Sydney was 17.8 per cent, Melbourne 14.9 per cent and Canberra 10 per cent. More from newsParks and wildlife the new lust-haves post coronavirus15 hours agoNoosa’s best beachfront penthouse is about to hit the market15 hours agoOffice markets in Melbourne, Sydney and Canberra were expected to be the best performers.“The weakest markets will be those which are cyclically exposed to weak leasing conditions. The Perth, Adelaide and Brisbane office markets will be vulnerable as investors come to realise how long it will take to absorb the oversupply of stock and the cost of re-leasing space in weak markets with high incentives. As investor interest dries up, softening yields will weaken prices and returns.”The good news for the sectors was that rising rents could add a soothing balm.“We can’t just put the money in cash. We have no choice but to allocate funds to the best available returns for given risk. Now we revert to leasing markets driving rents and hence capital growth and total returns. That brings the importance of demand and supply cycles back into play.”The most stable sector, according to the report, was expected to be “the currently less cyclical industrial markets”. “Expected total returns are solid rather than spectacular,” Dr Gelber said. “But risk of oversupply is low.”He acknowledged that “investment is becoming harder as the tailwind from falling bond rates turns into a headwind, and as the leasing and property cycles turn.”
Associated Press Share This StoryFacebookTwitteremailPrintLinkedinRedditMarch 151869 — The Cincinnati Red Stockings, the first pro baseball team, is organized by George Ellard and Harry Wright.1940 — Colorado, led by Bob Doll’s 15 points, beats Duquesne 51-40 for the NIT championship. AP Sportlight March 14, 2020 1985 — Larry Holmes scores a 10th-round knockout of David Bey in Las Vegas to retain the world heavyweight title.1987 — Don Pooley aces the 192-yard 17th hole at the Bay Hill Classic in Orlando and wins $1 million. Pooley receives half and the other half is donated to the Arnold Palmer Children’s Hospital.1997 — North Carolina’s Dean Smith becomes the career victory leader when the Tar Heels beat Colorado 73-56. Smith, with 877 victories, passes Kentucky coaching legend Adolph Rupp.2001 — The NCAA men’s basketball tournament opens with a series of close calls and upsets, with 15th-seeded Hampton beating second-seeded Iowa State 58-57 in the biggest surprise of the day.2004 — Alexander Mogilny has three assists in Toronto’s 6-5 overtime victory at Buffalo, becoming the second Russian to reach the NHL’s 1,000-point plateau. 2008 — Georgia Southern sets an NCAA record for all Divisions, hitting 14 home runs in a 26-8 win over Columbia. In all, 12 different Eagles hit a home run.2009 — Detroit beats Columbus 4-0 to become the first team in NHL history to top 100 points in nine straight seasons. The Stanley Cup champion Red Wings, the NHL leader with 101 points, break a tie with Montreal (1974-75 through 1981-82).,Tampa Bay Lightning advance to face Dallas Stars in Stanley Cup finals, beating New York Islanders 2-1 in OT in Game 6
Just like he did in 2018, Aruna Quadri has again taken his goodwill gestures to a Lagos-based children’s hospice.Barely two days after retaining his ITTF Challenge Plus Nigeria Open title in Lagos with a 13, 11-3, 8-11, 11-6, 10-12, 11-1 result against Austria’s Robert Gardos in the epic final, Quadri was accompanied with his wife, Ganiyat to the home as he donated food items and other materials. An official of Hearts of Gold Children’s Hospice based in Surulere, Samuel Ilori, described Quadri’s gesture as commendable, adding the 2019 ITTF Challenge Plus Nigeria Open champion would be the second sportsman to have visited the home this year after football star, Henry Onyekuru did early this year.“We are very grateful to the Aruna family for remembering this home. This is a private hospice that relies on individual and group donations to sustain itself and with this gesture of Aruna Quadri, he has also given lives to others in need,” the social worker added.During the visit, Quadri toured the home and visited some of the children who are critically ill.In his remarks, the ping-pong star said the gesture was part of his appreciation to God for His goodness to him.“I’m very happy to have continued what we started last year and I give thanks to God for giving me the opportunity and touching my heart to show love to the less-privilege. I’m also very happy for what God has done for me so far this year, so this is a way of showing appreciation to God for His blessings on me and my family. By His grace, I will continue to do this and I pray to God to give me strength and everything that will be needed to keep doing this year after year,” stressed Aruna Quadri.He added: “I love making people happy and giving back as a sacrifice because I believe so much in God and whatever He has blessed us with, it is very important that we give part of it back to the society so that He can bless us more. This is one of the reasons I’m doing this.”The Hearts of Gold Children’s Hospice was opened on October 2, 2003 in response to a steadily increasing number of abandoned, orphaned and sick children.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram