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Bayside market strong but in need of stock

first_imgThe property at 42 — 44 Balmoral Place, Deception Bay sold at auction.THE auction of a four-unit property in Deception Bay attracted a small crowd and three keen bidders last Saturday. The 810sq m property on two titles at 42-44 Balmoral Place sold under the hammer for $645,000. Marketing agent David Cottee, of Cottee Real Estate, said he had four bidders register for the auction but only three were active on the day. “There was a small crowd of only about eight — it was basically just the bidders,” he said. “The opening bid was $580,000 and went up slowly in increments from there. A bidder from up north was out at $610,000 and another came in at $640,000. The property was declared on the market at $640,000 and sold at $645,000.” Mr Cottee said the property attracted interest from investors thanks to the potential cash flow and good size block on two titles.More from newsLand grab sees 12 Sandstone Lakes homesites sell in a week21 Jun 2020Tropical haven walking distance from the surf9 Oct 2019“The successful buyer was an interstate investor,” he said. Mr Cottee said the Deception Bay market was performing well.“Anywhere is southeast Queensland is pretty solid at the moment though stock is pretty tight,” he said. “(In Deception Bay) it’s a mixture of buyers. “There are a lot of southern investors and there are people looking to get into the market whether they’re first homebuyers at the lower end or mums and dads looking for something in the $500,000 to $600,000 range.”Mr Cottee said he expected the area to go through a transitional phase in the next few years.“It’s pretty affordable now and it has the railway, the highway and water close by,” he said. “I expect to see a fair bit of growth.”last_img read more

Wednesday people roundup

first_imgJ O Hambro Capital Management – The investment boutique has appointed James Elks as senior manager for institutional business. He joins from Martin Currie, where he was responsible for UK institutional and global consultant relations. He has previously worked at Investec, Bramdean Asset Management and Credit Suisse Asset Management.Nikko Asset Management – Nikko has hired William Low, former director of global equities at Scottish Widows Investment Partnership (SWIP), to head up a new global equities team. Low, who left SWIP in April following its acquisition by Aberdeen Asset Management, will be joined by six of his former colleagues, following the launch of Nikko’s Edinburgh office.Aon Hewitt – Craig Gillespie has been appointed to the UK investment consulting team. He joins from Towers Watson, where he has worked for the last 14 years. Gillespie has more than 20 years’ experience in advising financial institutions and UK pension funds on risk strategy.Barnett Waddingham – Simon Cohen and Rebecca Carse have been appointed to the investment consulting team. Cohen joins from JLT, where he was a director, while Carse – previously an assistant manager in Grant Thornton’s pension risk solutions team – joins from Barnett Waddingham’s Amersham office. State Street Corporation, BP Investment Management, BayernInvest, J O Hambro Capital Management, Nikko Asset Management, Aon Hewitt, Barnett WaddinghamState Street Corporation – Oliver Berger has been appointed senior vice-president and head of strategic market initiatives for Europe, the Middle East and Africa. In this newly created role, based in Frankfurt, Berger will be responsible for the development of State Street’s new initiatives and client solutions. He joins from JPMorgan Chase Group after 19 years, where his most recent role was head of prospect sales for the EMEA. Separately, Andreas Schmid has joined as vice-president in the asset owner solutions team based in Zurich, joining from RBC Investor and Treasury Services.BP Investment Management – BP’s £19bn (€22.7bn) pension fund has increased its in-house capacity, hiring new heads of fixed income and investment strategy. BP IM has named Ian Smart as head of fixed income and the Pension Protection Fund’s (PPF) Opkar Sara as head of investment strategy. Smart joined in June from consultancy Aon Hewitt, which he joined in December 2012 as senior researcher for bond managers. Sara also joined in June, after nearly five years at the PPF as principal fund manager, in charge of asset allocation and investment strategy.BayernInvest  – Oliver Schlick has told the supervisory board he will not stand for re-election as board member and CIO in February 2015 when his contract expires. Schlick has been on the board of the asset management subsidiary of German regional bank BayernLB since 2008. The supervisory board said it would finalise the hiring of a new CIO in early 2015.last_img read more

Red Sox postpone White House visit due to government shutdown, report says

first_imgWith no end to the government shutdown in sight, the Red Sox reportedly will postpone their planned White House visit until May. The Boston Globe reported Friday that the traditional visit for the World Series champions will now take place May 9, an off day following a three-game series at Baltimore.  Alex Cora isn’t firm on White House visit: ‘Right now I can say yes’ They had been scheduled to fly to Washington from their spring training base in Fort Myers, Fla., on Feb. 15, two days after pitchers and catchers are set to report to camp. Whenever the Red Sox eventually visit President Donald Trump, it’s unclear whether manager Alex Cora will join them. He recently expressed concern about the administration’s policies toward Puerto Rico and indicated he might not make the trip.  Related Newslast_img read more

Munguia vs. Inoue results: Jaime Munguia defends WBO title in 12 round war with Takeshi Inoue

first_imgAlberto Melian def. Edgar Ortega by 10th-round TKO. Alex Rincon def. Jeremy Ramos by unanimous decision (60-54, 59-55, 58-56).Munguia vs. Inoue fight cardMatchupClassBeltJamie Munguia vs. Takeshi InoueJr. middleweightWBOJesus Rojas vs. Xu CanFeatherweightWBA (Regular)Vergil Ortiz Jr. vs. Jesus ValdezJr. welterweight Alex Rincon vs. Jeremy RamosJr. middleweight “I came to give everything and I want to congratulate my rival, who left everything on the ring,” Munguia said in his post-fight interview.MORE: Join DAZN to watch Munguia vs. Inoue highlights and full replayHere’s what took place at Munguia vs. Inoue.Munguia vs. Inoue resultsJaime Munguia defeats Takeshi Inoue to retain title11:58 p.m.: Munguia def. Inoue by unanimous decision (120-108, 120-108, 119-109) to retain the WBO junior middleweight championship. A very good fight and one that Munguia needed. He’s always the guy who sets the pace, but Inoue showed he wasn’t going anywhere and made Munguia earn the victory. 11:54 p.m.: Round 12 to Munguia (10-9, 118-110 Munguia).  Give Munguia credit. He could have stayed away and danced for three minutes. Instead, he continued to stay in the pocket and was willing to exchange. Now, we await the judges’ scorecards.11:50 p.m.: Round 11 to Munguia (10-9, 108-101 Munguia).  Munguia tried to finish Inoue off and throw everything he had but to no avail. The body work by Munguia is a thing to see. Munguia just has to stay away from the ropes and keep it in the center of the ring.11:46 p.m.: Round 10 to Munguia (10-9, 98-92 Munguia).  Unbelievable round. Both Munguia and Inoue were in some trouble in the final minute. Inoue almost had Munguia on a knee. Then Munguia roared back and almost finished Inoue – buckling him and almost sending him down with a series of heavy punches.11:42 p.m.: Round 9 to Munguia (10-9, 88-83 Munguia). You have to feel for Inoue. He had that round well in control until Munguia put all his might into two left hooks to make the air come out of his body. How he’s absorbing those shots shows how tough Inoue is. 11:38 p.m.: Round 8 to Inoue (10-9, 78-74 Munguia). Inoue could have tucked his tail between his legs and quit, but he’s staying right in Munguia’s grill and hit some nice overhand right hands to send the sweat coming off Munguia’s head. Inoue should let the hands go as the native of Japan has nothing to lose.11:34 p.m.: Round 7 to Munguia (10-9, 69-64 Munguia).  Good to see Munguia box this round. He can only continuously throw every punch with evil intentions for so long. 11:30 p.m.: Round 6 to Munguia (10-9, 59-55 Munguia).  Munguia throwing the kitchen sink and then some at Inoue. As long as Munguia goes forward, Inoue can’t do anything and Munguia can continue to rip him apart.11:26 p.m.: Round 5 to Munguia (10-9, 49-46 Munguia).  Munguia starting to take control. The flickering of the right jab and the digging of the left hook to the body is hard to stop for anybody. Inoue has to find a way to avoid it. Munguia cannot keep backing up. Doing that allows Inoue to get on the inside and scoring points. Munguia’s breathing with an open mouth as he walked back to his corner. Something to watch for as the fight goes on.11:22 p.m.: Round 4 to Inoue (10-9, 39-37 Munguia).  The opposite result from the third round. Munguia came out on fire, but Inoue seized control in the final minute in getting Munguia against the ropes on two occasions and connecting on a couple right hands. We have a fight in Houston.11:17 p.m.: Round 3 to Munguia (10-9, 30-27 Munguia).  Inoue was on his way to winning the round until Munguia stole it from him in the final 90 seconds. Three vicious shots to the body made Inoue step back and wince on each shot. Inoue has a cut over his right eye due to an accidental headbutt.11:13 p.m.: Round 2 to Munguia (10-9, 20-18 Munguia). I like how rugged Inoue is being in there. He’s trying to impose his will. Munguia had a tough weight cut. But so far, so good for Munguia. The pop in his jab and left hook to the body is already affecting Inoue.11:09 p.m.: Round 1 to Munguia (10-9).  Awkward round. Inoue came like a freight train at Munguia. He put threw punches behind the head, a forearm to the face and showed he’s here for a fight. Munguia stayed composed and just kept pumping the jab. 11:00 p.m.:  It is now time for the main event as Jaime Munguia defends the WBO junior middleweight championship against Takeshi Inoue.Munguia (31-0, 26 KOs) looks for a banner 2019 after running putting himself on the map in 2018. The 22-year-old ran through Sadam Ali in May to win the WBO championship. The 22-year-old followed that up with two successful title defenses in wrecking Liam Smith in July and Brandon Cook in September.Inoue (13-0-1, seven KOs) ventures outside his home country of Japan for only the second time, having competed in Thailand in September 2016. The 29-year-old earned the right to face Munguia by defeating Yuki Nonaka in April.Xu Can captures WBA title over Jesus Rojas in thrilling fight of the year candidate10:50 p.m.: Can def. Rojas by unanimous decision (118-110, 117-111, 116-112) to win the WBA (regular) featherweight champion.  Before anything else, what horrible scorecards. Not a robbery in the slightest bit, but there’s no way Can won nine or ten rounds. What a fight we saw inside the squared circle. It was a throwback to what you would see in 30-40 years ago. Can and Rojas stood there and slung the heavy artillery for 36 minutes with neither giving up an inch. The fact Can and Rojas never tired is a testament to how serious they work on their cardio in training camp. A fight like this is what fans pay their hard earned money for when they buy a ticket. If what we just saw isn’t a top-three contender for fight of the year when December hits means a great year for the sport.10:40 p.m.:  As we enter the 12th and final round, this is anyone’s fight. Can and Rojas are slinging the leather with no clear cut edge in the last couple rounds. The fight appears to be hanging in the balance. This round could be for all the marbles.10:30 p.m.:  Don’t remember the last time I’ve seen a high caliber fight where both fighters are throwing every shot with evil intentions. Wish we would see more of this. 10:16 p.m.:  What amazing action through six rounds. Amazed Can and Rojas are able to continue this relentless pace in throwing one shot after the other. Rojas has started to pull in the last two rounds. He’s landing the crisper shots to the body and then going upstairs. This is becoming a war of attrition. Who will survive?10:08 p.m.:  Very fun fight after three rounds. Rojas and Can are playing rock-and-sock em robots with the latter connecting on the harder shots. The frustrating thing is that Can isn’t moving his head at all. Just imagine if Can moved it. Will both guys be able to sustain this pace for 12 rounds?MORE: Join DAZN to watch Munguia vs. Inoue9:55 p.m.:  It is time for the co-main event of Munguia vs. Inoue, as Jesus Rojas defends the WBA (regular) featherweight title against Xu Can. Rojas (26-2-2, one no contest, 19 KOs) looks to bounce back from a unanimous decision loss to Joseph Diaz in November. Xu (15-2, 2 KOs) earned the opportunity by winning 12 consecutive fights. Can has all the momentum since Rojas is coming off a defeat. Vergil Ortiz Jr. stops Jesus Valdez to remain undefeated9:39 p.m.: Ortiz def. Valdez by fifth-round TKO.  The fight was stopped between the fifth and sixth when the doctor wouldn’t allow Valdez to continue because of a deep gash under his left eyebrow. This was a very good performance by Ortiz. For a 20-year-old, he stays so composed inside the ring. He comes in with a game plan and doesn’t deviate from it. When he throws, he doesn’t overcommit, and he sits down on his shots and pounds away with ease. It was good to see him go past the third round. When he gets into the championship fights he desires, he’ll need to have some rounds in the bank; this was a good start on that.9:31 p.m.:  A very deep cut right under Valdez’s left eyebrow after a powerful overhand right in the fourth round. Let’s see if Ortiz capitalizes and attacks like a shark.9:26 p.m.:  Ortiz is in the fourth round for the first time. Valdez is keeping it on the inside, but Ortiz is just pounding away at Valdez’s body. The way Ortiz sits on his punches is a thing of beauty for someone only 20 years of age. Even though he’s losing, Valdez should consider this a moral victory.9:14 p.m.:  The Munguia vs. Inoue main card begins with Vergil Ortiz Jr. taking on Jesus Valdez in junior welterweight action. Ortiz (11-0, 11 KOs) is regarded as one of the top prospects in the sport. The 20-year-old has finished every fight inside three rounds. Valdez (23-4-1, 12 KOs) has struggled in his last five fights, going 3-2. It will be interesting to see if Valdez uses his veteran tactics to push Ortiz into the later rounds and see how he will fare.9 p.m.:  Welcome to Sporting News’ live coverage of the WBO junior middleweight title fight between Jaime Munguia and Takeshi Inoue. Grab your refreshments and stay locked in. This should be an exciting night of fights.Preliminary card resultsGeorge Rincon def. Emmanuel Valadez by first-round TKO. Munguia vs. Inoue latest news— Jaime Munguia is one of the hardest hitters in boxing. The 22-year-old tells Sporting News this could be just the beginning. George Rincon vs. Eduardo Reyes Emmanuel ValadezJr. welterweightcenter_img Alberto Melian vs. Edgar OrtegaJr. featherweight Jaime Munguia needed a fight with someone who he couldn’t bully around and make him work the entire time.The 22-year-old got just that on Saturday night at the Toyota Center in Houston from Takeshi Inoue. But Munguia’s power proved to be too much as he defeated Inoue in a gritty fight by unanimous decision to retain the WBO junior middleweight championship. Sporting News had it scored 118-110 for Munguia. Lucas Fernandez vs. Joshua FrancoBantamweightlast_img read more