Chinese group APT attacks French organizations

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Cyber ​​Warfare / Nation State Attacks, Fraud and Cybercrime Management, Next Generation Technologies and Secure Development

Investigators: targeted home and office routers

Prajeet Nair (@prajeetspeaks) •
July 22, 2021

Chinese group APT attacks French organizations

APT 31, a China-linked hacking group, targets French organizations by exploiting home and office routers in spy campaign, warns CERT-FR, the French government’s IT emergency preparedness team that is part of the French National Cybersecurity Agency, or ANSSI.

See also: The Forrester Tech Tide: Threat Intelligence, Q2 2021 from Anomali

APT 31, also known as Zirconium, is known for its attacks on government, international finance, aerospace and defense organizations. The group has also reached high-tech, construction and engineering, telecommunications, media and insurance companies.

“Investigations show that threat actors use compromised routers as anonymization relays, before carrying out reconnaissance and attack actions,” notes CERT-FR.

CERT-FR did not respond to Information Security Media Group’s request for additional information, including on the organizations that were attacked. The organization provides indicators of compromised IOCs to help detect violations.

“Finding one of the CIOs in the logs does not mean that the whole system has been compromised and that a more in-depth analysis will be necessary. ANSSI encourages recipients to report additional information on any incident related to this campaign and may be contacted at [email protected] .gouv.fr ”, notes the CERT-FR.

Attacking routers

Ben Koehl, senior threat analyst at Microsoft’s Threat Intelligence Center, wrote on Twitter that the APT group appears to be exploiting multiple router networks to aid their campaign.

“They’re layered and used strategically. If you’re looking at these IP addresses, they should be used primarily as the source IP, but occasionally they point implant traffic to the network,” Koehl tweeted. “Historically, they’ve done the classic I have a DNSname -> IP approach for C2 communications. They’ve since moved that traffic to the router’s network. This allows them to manipulate the destination of traffic at multiple levels while slowing down efforts. elements of prosecution. “

In another hacking incident involving the use of home routers, U.S. investigators determined that SolarWinds’ supply chain attack likely started with intruders who hacked into and took control of three home routers (see : Supernova attack relies on SolarWinds, Pulse Secure). The United States blamed the attack on a Russian government agency.

APARTMENT 31

“APT 31 is a China-related cyber espionage player focused on obtaining information that can provide the Chinese government and state-owned enterprises with political, economic and military benefits,” the security firm reported earlier. FireEye. It often exploits vulnerabilities in applications such as Java and Adobe Flash and then installs a range of malware such as the Sogu Remote Access Trojan, also known as PlugX, according to the researchers.

In October 2020, Google’s threat analysis group reported that the APT31 was carrying out attacks focused on the US presidential election and had targeted campaign staff members of Joe Biden and Donald Trump with emails from phishing identifiers containing tracking links. Google also noticed that APT31 was attempting to deploy targeted malware campaigns during this time.

Google TAG also reported that APT 31 uses GitHub to host malware and also uses Dropbox as a command and control infrastructure to avoid detection and hide from security tools (see: Google offers new details on China-linked hacking group)

China’s problem

On Monday, the White House formally accused China’s State Security Ministry of carrying out a series of attacks earlier this year against vulnerable on-premises Microsoft Exchange mail servers. The attack affected thousands of organizations in the United States as well as around the world (see: Can the United States curb China’s cyber ambitions?)

The National Security Agency, the FBI, and the Cybersecurity and Infrastructure Security Agency have released a detailed list of tools and techniques used by attackers linked to China.


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Senators Introduce Bill Requiring Notification of Cyber ​​Incidents Within 24 Hours – Breaking Defense Breaking Defense

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WASHINGTON: Senators Mark Warner, D-VA, Marco Rubio, R-Fla., And Susan Collins, R-ME, today unveiled a bill that will require federal agencies, many government contractors and homeowners and operators of critical infrastructure to report within 24 hours of the discovery of any IT incident “which constitutes a threat to national security”.

One of the objectives of the bill is to “allow the development of a common operational image of cyberthreats at the national level”, according to a project shared with Breaking Defense on Tuesday evening.

The bill, titled Cyber ​​Incident Notification Act of 2021, marks a major milestone in an attempt to address a challenge long recognized by Congress, the U.S. government, and many in the private sector: a sharing deficit. Cyber ​​information hampers the government’s ability to respond. major cyber incidents.

Lack of timely information also affects the ability of federal agencies, businesses, and other relevant entities to quickly educate themselves and adapt cyber defenses to real-time and ongoing cyber incidents, such as the Microsoft Exchange plus cyber espionage campaign. early this year that affected some 140,000 United States. entities. The US government, along with a broad coalition of allies and partners, officially attributed the campaign to China on Monday.

“It seems like every day Americans are waking up to the news of another ransomware attack or cyber intrusion,” said Warner, chairman of the Senate Special Committee on Intelligence and one of the co-sponsors. of the bill, in a press release. “We shouldn’t rely on self-declaration to protect our critical infrastructure. We need a routine federal standard so that when vital sectors of our economy are affected by a breach, all federal government resources can be mobilized to respond and avoid its impact. “

Warner’s comments about the insufficiency of “voluntary reporting” echo the sentiments he has been expressing for months, including allusions to this bill.

Currently, there is no federal law requiring the reporting of cyber incidents to the federal government. Some states have data breach notification laws, but the requirements of those laws often revolve around the theft of consumer financial data or personally identifiable information (PII), such as social security numbers, and notifications. are sent to the affected consumers.

Existing data breach notification laws do not apply to incidents such as the SolarWinds cyberespionage campaign or the Colonial Pipeline ransomware attack, despite the national security implications they revealed.

The need for mandatory reporting focused on SolarWinds, which was voluntarily flagged by cybersecurity firm FireEye following the discovery of the campaign after nine months of investigation, and Colonial Pipeline, during which the CISA acting director Brandon Wales told Congress his agency was not receiving the technical information it needed to communicate and respond.

The legislation enjoys broad bipartisan support, including from Intelligence Committee member Collins, who introduced an information-sharing bill in 2012 that failed to gain traction. Collins called the bill “common sense and long overdue.”

“Having a clear vision of the dangers facing the nation in the face of cyber attacks is necessary to prioritize and act to mitigate and reduce the threat,” Collins said in the press release. “Failure to put in place a strong cyber incident notification requirement will only give our adversaries more opportunities to gather intelligence about our government, steal intellectual property from our businesses and harm our critical infrastructure. . “

The bill requires federal agencies and critical infrastructure owners and operators – as well as government contractors and subcontractors, excluding those providing housekeeping and custody services or non-computer products or services below micro-purchase threshold – to report cyber incidents to Homeland Security’s Cybersecurity and Infrastructure Agency (CISA) within 24 hours of discovery.

He calls on CISA “to establish cyber intrusion reporting capabilities to facilitate the submission of timely, secure and confidential cybersecurity notifications.”

The bill also addresses several long-standing concerns of private entities by offering “limited immunity” to reporting companies and requiring the CISA to implement data security to protect personal information and confidentiality.

In particular, the law would exempt notifications of computer incidents from the Freedom of information act. The law would also prohibit notifications from being used as evidence in any civil or criminal case against the reporting entity or from being the subject of subpoenas, except for legal actions brought by the federal government or the courts. subpoenas from Congress for surveillance, respectively.

The bill’s introduction follows recent Senate confirmations from National Cyber ​​Security Director Chris Inglis and CISA Director Jen Easterly, both of whom have roles that will be critical in coordinating national cyber defense. in response to future incidents.

Rubio, vice chairman of the Intel committee and one of the bill’s co-sponsors, said cyber attacks were “out of hand” and the government must take “decisive action”. He added that all US organizations should “act immediately” once an attack is discovered.

“The longer an attack goes unreported, the more damage can be done,” Rubio said in the press release. “Ensuring prompt notification will help protect the health and safety of countless Americans and help our government locate those responsible. “

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Man Group PLC: Form 8.3

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FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE / TRANSACTION DISCLOSURE BY
A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
Rule 8.3 of the OPA Code (the “Code”)

1. KEY INFORMATION

(a) Full name of whistleblower: Man Group API
(b) Owner or controller of the disclosed interests and short positions, if different from 1 (a):
TThe designation of the representative or the vehicle companies is insufficient. For a trust, the trustee (s), component and beneficiaries must be named.
(vs) Name of the offeror / officer with regard to the titles concerned this form reports:
Use a separate form for each offeror / beneficiary
Bally’s Company
(re) If an exempt fund manager is related to an offeror / offeror, indicate this and specify identity of offering / offering:
(e) Date of the position held / of the transaction undertaken:
For an open position disclosure, State la latest practicable date before disclosure
20/ 07/ 2021
(F) In addition to the company in 1 (c) above, is the discloser make disclosures with regard to everything other party to the offer?
If it is a cash to offer or cash offer possible, indicate “N/A
YES / NO / N / A
If YES, specify which one: recipient: Games Plc group

2. POSITIONS OF THE DISCLOSING PERSON

If there are positions or rights to be subscribed to be disclosed in more than one category of relevant securities of the offeror or the offender named in point 1 (c), copy table 2 (a) or (b) (depending on the case) for each additional category of relevant titles. Security.

(a) Interest and short positions in securities of the offeror or pollicity to which the disclosure relates as a result of the transaction (if only)

Relevant safety class: Common $ 0.01
Interests Short positions
Number % Number %
(1) Relevant securities held and / or controlled: 1,112,385 2.6199 – 1 474 -0.0035
(2) Cash-settled derivatives: 0 – 571 -0.0013
(3) Equity-settled derivatives (including options) and purchase / sale agreements: 0 0

TOTAL:

1,112,385 2.6199 – 2,045 -0.0048

All interests and all short positions must be disclosed.

Details of any opening settled in actions derivative posts (including traded options), or the purchase or sale agreements for the securities concerned, must be given on an additional form 8 (Open positions).

(b) Subscription rights for new titles (including directors and others employee option)

Relevant safety class for which a subscription right exists:
Details, including the nature of the rights concerned and the relevant percentages:

3. RELATIONSHIPS (IF APPLICABLE) BY THE PERSON MAKING THE DISCLOSURE

When there have been transactions on more than one category of relevant securities of the offeror or offender named in point 1 (c), copy table 3 (a), (b), (c) or (d ) (as the case may be) for each class of securities concerned processed.

The currency of all prices and other monetary amounts must be indicated.

(a) Purchases and sales

Relevant safety class Buy Sell Number of titles Price per unit
Common $ 0.01 Sale 310 46.19

(b) Cash-settled derivative transactions

Relevant safety class Product Description
for example CFD
Nature of transaction
for example opening/ close a long/short position, increasing / decreasing a long/short position
Number of reference securities Price per unit

(vs) Equity-settled derivative transactions (including ooptions)

(I) Writing, sales, purchase or variant

Relevant safety class Product Description e.g. call option Writing, purchase, sale, variable etc. Number of ssecurities to which the option relates Exercise the price per unit Type
for example American, European, etc.
Expiration date Option money paid/ received per unit

(ii) Exercisee

Relevant safety class Product Description
for example call option
Exercise / exercised against Number of titles Unit exercise price

(re) Other transactions (including to subscribe to new titles)

Relevant safety class Nature of transaction
for example subscription, conversion
Details Unit price (if applicable)

4. OTHER INFORMATION

(a) Compensation and other trade agreements

redetails of everything compensation or option arrangement, or any agreement or comprehension, formal or informal, relating to relevant securities which may be an inducement to trade or refrain from trading entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
Irrevocable commitments and letters of intent should do not to be understood. Yes there are no such agreements, arrangements or understandings, State “nothing

(b) The agreements, provisions or agreements relating to options or derivatives

redetails of any agreement, arrangement or arrangementformal or informal, between the person make the disclosure and any other person related to:
(I) the voting rights of all the securities concerned under any option; or
(ii) voting rights or the future acquisition or disposal of any relevant security to which any derivative is referenced:
If there are no such agreements, arrangements or understandings, State “nothing

(vs) Attachments

Is a Supplementary form 8 (Open positions) attached? YES/NO
Disclosure Date: 21/ 07/ 2021
Contact Name: Abdi Musse
Phone number: +442071443164

Public disclosures under Rule 8 of the Code must be made to a regulatory information service.

The Panel’s Market Surveillance Unit is available for consultation regarding the Code’s disclosure requirements on +44 (0) 20 7638 0129.

The Code can be viewed on the Group’s website at www.thetakeoverpanel.org.uk.

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A child health organization promotes masks in schools; Olmsted’s director of public health intervenes

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ROCHESTER, Minnesota (KTTC) – On Monday, the American Academy of Pediatrics (AAP) recommended that everyone in school buildings wear masks, whether or not they are vaccinated.

The AAP recommends universal masking because a significant portion of the student body is not yet eligible for vaccines, and masking has been shown to reduce virus transmission and protect those who are not vaccinated. Many schools will not have a system to monitor the immunization status of students, teachers and staff and some communities overall have low immunization where the virus can circulate more extensively.

This recommendation puts pressure on the Center for Disease Control (CDC), which currently recommends only the wearing of unvaccinated masks in schools.

“From a national perspective, it might make sense to say, well, if we have to do something for all the schools, across the country, let’s just say everyone is wearing a mask. the simplest and easiest way to do it, “said Graham Briggs, Olmsted County Public Health Director.

He understands the recommendation, but thinks every state and county is different.

“For us here, if we have a high vaccination rate and we have a low disease rate with cases and we don’t see a lot of activity. It might make sense to have a different conversation here.”

Briggs said the population of Olmsted County is about 64% vaccinated. 77% of people aged 12 and over are fully vaccinated and 78% of people aged 16 and over are fully vaccinated.

He also said Olmsted County is the second most vaccinated county in terms of population. Cooke County in northern Minnesota rules the state.

On Monday, President Biden’s chief medical adviser told CNN that the AAP’s recommendation was to be “very safe.”

“I think the American Academy of Pediatrics, you know, it’s a thoughtful bunch, they analyze the situation, and if they think that’s the way to go, I think it’s a reasonable thing to do. do, “said Dr Anthony Fauci.

However, implementing such a big change takes a lot of discussion.

“We might end up doing more harm than good if we ask a group of people who are now vaccinated to wear masks again after really talking about the importance of the vaccine,” Briggs said.

The Minnesota Department of Health told KTTC that the health and safety of students, their families, the school, and faculty is a top priority.

The Minnesota Department of Education is working with the Minnesota Department of Health to review CDC recommendations for the coming year. We are in the process of updating our guidelines, which will include recommendations on health and safety measures, including masking. We have no law in Minnesota on this. Regarding requirements, we continued to follow federal requirements, such as masking on public transportation, including school buses.

Briggs is part of the COVID Advisory Team for Rochester Public Schools which analyzes school guidelines and takes all recommendations into consideration.

“Ultimately, the decision will be up to the superintendent and the school district to determine what works for them. But, I think we are still at the stage of collecting and accessing information and providing feedback. use that information to make a decision about using the mask in the fall, “he said.

On Tuesday, July 27, the Rochester School Board will hear from the superintendent on mask recommendations.

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2021 Wireless Mesh Network Market Size Booming Globally | Strix Systems Incorporated, Firetide, ABB, Digi International, Aruba Networks, Cisco Systems

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New Jersey, United States, – The analysis of the market growth is presented with great precision in this Wireless Mesh Network Market Analysis Report. This includes a detailed summary of the market in the form of snapshots which provide detailed information about the various segmentations. It shows the promising opportunities that are present in the market and which will eventually evolve in this direction. The market report is an overview of the overall market scenario which shows the way for entrepreneurs, whether they will win or lose. Thus, the suggested approach is to adopt the new and changing strategies and technologies which have so far proved to be very beneficial. The effect of COVID-19 on market progression is also discussed in this Diversified Global Market report.

In recent months, the study of the global market has revealed increasing growth rates. The market, according to the same analysis, is expected to grow rapidly and also have a stronger effect on the global economic system, with the largest gains. It also covers the impact of COVID-19 infection on market development and improvement. Market participants can factor in this mesh wireless network market ratio momentarily before entering resources into the market and anticipating greater returns. According to the report, the market situation continues to fluctuate based on many variables. The research also includes a summary of the competitive environment, including key players and their biographies. A market study is a comprehensive analysis of market penetration, with rapid demand, sales revenue, and growth prospects.

The Wireless Mesh Networks Market report offers clear insights into the major business giants in the market :

  • Strix Systems Incorporated
  • Tide of fire
  • ABB
  • Digi International
  • Aruba Networks
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  • Wireless synapse
  • General Dynamics mission systems
  • Vigilant
  • Cambium Networks
  • Rajant Company
  • Concentrated systems
  • ArrowSpan
  • Fluidmesh Networks

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Wireless Mesh Networks Market Split By Type:

  • Band less than 1 GHz
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  • 4.9 GHz band
  • 5 GHz band
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  • Hospitality
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  • Mining
  • Education
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Scope of the Wireless Mesh Networks Market Report

Report attribute Details
Market size available for years 2021 – 2028
Reference year considered 2021
Historical data 2015 – 2019
Forecast period 2021 – 2028
Quantitative units Revenue in millions of USD and CAGR from 2021 to 2027
Covered segments Types, applications, end users, etc.
Cover of the report Revenue forecast, company ranking, competitive landscape, growth factors and trends
Regional scope North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
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The analysis of the regional Wireless Mesh Network market can be represented as follows:

In addition to segmental breakdown, the report is strongly structured into a study by region. The researchers’ comprehensive regional analysis highlights key regions and their dominant countries accounting for a substantial share of the Neem mining market revenue. The study helps to understand how the market will behave in the respective region while also mentioning the emerging regions with significant growth. Here are the regions covered by this report.

Based on geography, the global wireless mesh network market has segmented as follows:

  • North America includes the United States, Canada and Mexico
  • Europe includes Germany, France, UK, Italy, Spain
  • South America includes Colombia, Argentina, Nigeria and Chile
  • Asia-Pacific includes Japan, China, Korea, India, Saudi Arabia and Southeast Asia

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MakerDAO will dissolve the Foundation and become truly decentralized again

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The pioneering decentralized financial protocol, MakerDAO, has announced that its foundation will formally dissolve in the coming months, marking one of the final steps in the protocol’s roadmap to decentralized governance.

A July 20 blog post describes Maker’s Decentralized Autonomous Organization, or DAO, as now “fully self-sufficient” – with its community spread around the world “now responsible for all aspects of the Maker Protocol.”

“Maker’s complete decentralization means that the future development and operation of the protocol and DAO will be determined by thousands, if not millions of engaged and enthusiastic community members, all determined to extend the benefits of digital currency to people across the world. whole world. “

Article author, Maker Foundation CEO Rune Christensen, shares highlights of the project’s six-year journey, with Christensen first revealing his plans in a Reddit Publish detailing his vision for a stable Ethereum token dubbed “eDollar” in March 2015.

The Maker Foundation was formed as a nonprofit to oversee the development and funding of the project in September 2018, apparently at the behest of its early investors. While Christensen created the Foundation with the intention of dissolving it within two to three years, the movement catalysis internal tensions between Foundation supporters and those who viewed the legal entity as at odds with crypto’s fundamentally lawless ethics.

He describes Maker as having “come a long way in a relatively short period of time,” going from a beginner DAO to a foundation, and then back to a DAO.

“Although the Foundation played a specific and important role in the further development of the Maker Protocol and the growth of a global team, it was designed to exist only temporarily,” said Christensen.

In May 2017, more than two years after Christensen revealed Maker on Reddit, the protocol carried out a limited version of ProtoSai, the precursor to Maker’s first stablecoin, SAI, or Single-Collateral Dai.

SAI would get a wholesale release in December 2017 and circulate for nearly two years, with Maker introducing the Multi-Collateral Dai (DAI) in November 2019 – allowing the DAI to be hit against a variety of digital assets approved by the governance of Maker.

Related: Australia’s digital finance industry wants to legally recognize DAOs

As Maker would emerge as a pioneering DeFi protocol perched atop the industry rankings by total value locked in, 2020 has not been smooth for Maker, with users launching a class action lawsuit against the foundation in the wake of ‘Black Thursday’ in March. The incident saw Maker lose around $ 6.64 million in DAI to cascading liquidations after the price of ether slumped 50% in about 24 hours.

March 2020 would also see the Maker Foundation transfer the MKR token contract to community governance, marking the start of the project’s journey towards restoring decentralizing governance – with Christensen. characterizing the foundation as “completely unnecessary”.

The protocol would also add support for Circle’s centralized USDC stablecoin this month, igniting controversy over Maker’s support for centralized crypto assets as collateral for its alleged decentralized stable token.

In March of this year, “central units” were created to coordinate the management of the different teams and activities of the protocol. The foundation would also return development funds of MKR 84,000 to Maker DAO in May, worth nearly $ 500 million at the time.

According to DeFi Llama, MakerDAO is currently the sixth decentralized financial protocol with a total locked-in value of $ 5.62 billion.

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Deli Star Corporation plans to open production facility in St. Louis

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ST. LOUIS – Deli Star Corp. announced plans to open a production facility in St. Louis, which is expected to create nearly 500 new jobs in the area.

The new 104,080-square-foot space will replace the old factory in Fayetteville, Ill., Which was damaged by fire last January, according to a press release.

Deli Star Corp., known for manufacturing proteins, has partnered with DCM Group, Ficon Construction and Answers, Inc. to build the new production facility which will be located in the Villa Lighting Building, located at 3049 Chouteau Avenue.

The plant will produce Deli Star’s vacuum-packed protein, stewed meats, charcuterie logs, protein salads, sauces and vegetable protein.

A total of 94,080 square feet will be used for production and the remaining 10,000 square feet will be reserved for offices. Construction is expected to be completed in early 2022, according to the press release.

Deli Star’s Food Discovery Center at City Foundry STL will be two miles from the new factory, “allowing Deli Star to easily serve customers from ideation to scale to production.” , says the press release.

The plant will also be USDA, FDA, HACCP, SQF9.0 certified, focused on customer audit and biological.

Governor Mike Parson said Deli Star will bring nearly $ 100 million in investment to Missouri and create about 500 new jobs in the St. Louis area.

“We are delighted to welcome Deli Star Corp. to Missouri,” said Parson in a report. “Missouri is a great place for food businesses like Deli Star to succeed, and we look forward to seeing this business grow in our state and provide new opportunities for Missourians.”

The new plant will have “the best equipment and production lines in the industry to efficiently deliver high-quality, safe protein,” the press release said.

“We are delighted to announce our plans for the next chapter of Deli Star,” said Justin Siegel, CEO of Deli Star, in a statement.

“After an extensive site selection process, we determined that St. Louis is the ideal location for our new production facility. The city of Saint-Louis offers the best of the country in terms of supply and logistics.

“Additionally, by locating our factory just down the street from our new Food Discovery Center in the city’s growing innovation corridor, we can drive innovation and sourcing more effectively and efficiently. in our company. “

Several companies in the region have collaborated to bring Deli Star to Missouri, including Ameren Missouri, City of St. Louis, Greater St. Louis, Inc., Missouri Department of Economic Development, Missouri Development Finance Board, Missouri Partnership, Spire, St. Louis Economic Development Partnership and St. Louis Development Corp.

“We have learned that what we have built at Deli Star, including our cutting edge science and processes, transcends any specific space. We are bringing our 34 year history to a new facility with optimism, ”said Dr Dan Siegel, Founder and Chairman of the Board of Deli Star.

“Starting from scratch with factory design has allowed Justin and his team to assess and improve what Deli Star is already doing well. We are delighted to serve our customers better and more efficiently than ever. “

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Jones Lang LaSalle Incorporated: JLL markets a retail co-op at 1235 Lexington Ave. in New York for sale

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NEW YORK, July 20, 2021 – JLL Capital Markets today announced the exclusive marketing of a retail co-op occupied by Duane Reade at 1235 Lexington Ave. on New York’s Upper East Side for $ 23.25 million. The 12,225 square foot space includes 6,875 square feet at ground level and an additional 5,350 square feet on the lower level of New York’s Upper East Side.

Located on the southeast corner of two busy streets, the offering includes 102 feet of frontage on Lexington Avenue and 87 feet of frontage along East 84th Street. The space is currently leased to Duane Reade (BBB credit) until February 2029 with an option to further extend 10 years until 2039. The lease is guaranteed by Walgreens Boots Alliance (WBA), which is the parent company of Duane Reade. 1235 Lexington Ave. is now the only Duane Reade located on Lexington between 77th and 125th Street, positioning the store to benefit from the company’s recent consolidation of its footprint in New York City.

The property is in the heart of the bustling Lexington Avenue commercial corridor of the Upper East Side, surrounded by many neighborhood restaurants, shops and amenities, including the Metropolitan Museum of Art, which is two blocks west . The property also offers easy access to Central Park and is just a two-minute walk from Lexington and 86th Street station for subway lines 4 and 5 and a five-minute walk from 86th Street station for the subway line. Q.

The JLL Capital Markets team that markets the property on behalf of the seller is led by Managing Director Hall Oster and Chairman Bob Knakal, as well as Managing Directors Jonathan Hageman and Paul Smadbeck. The Senior Managing Director, Kellogg Gaines, is the fundraiser.

“1235 Lexington represents an opportunity to acquire a stable, high cash flow trophy asset backed by a credit lease on a long term lease,” said Oster. “The property will appeal to passive investors and 1,031 exchange buyers looking for a fully leased, investment grade asset with limited owner obligations and 189 feet of wraparound frontage on a prime Upper East Side commercial corridor.”

JLL Capital Markets is a global full service provider of capital solutions for real estate investors and occupiers. The company’s in-depth knowledge of the local market and global investors provides the best solutions for clients – whether it is investment sale advice, debt placement, equity placement or recapitalization. The company has more than 3,700 capital markets specialists around the world with offices in nearly 50 countries.

For more information, videos and research resources on JLL, please visit our newsroom.

Warning

Jones Lang LaSalle inc. published this content on July 20, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on July 20, 2021 07:13:07 PM UTC.

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SCVNews.com | LA County Rewards Several SCV Arts Organizations Over $ 56,000 in Grants

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The Los Angeles County Department of Arts and Culture announced $ 4,518,000 million in grants, including $ 57,600, to five arts organizations in the Santa Clarita Valley under the County of Los Angeles Organizational Grants program. THE. The award provides a two-year grant to 231 nonprofit arts organizations.

The local not-for-profit arts organizations that receive the grant are:

Escape theater: $ 19,600

SCV Youth Orchestra: $ 15,800

Santa Clarita Masters Choir: $ 10,200

Santa Clarita Artists Association: $ 6,700

Santa Clarita Shakespeare Festival: $ 5,300

OGP is Los Angeles County’s premier arts grants program, funding the diverse and comprehensive ecology of artistic nonprofits. Grant recipients expand the arts sector and reflect a rich array of artistic and cultural forms. Their size, budget, and discipline vary from arts education to theater, dance, visual arts, media arts, and literary arts. They offer a variety of arts and culture services at venues and programs throughout the LA County community. For example, folk music from South El Monte (Hernandez Mariachi Heritage Society). Equity, Diversity and Global Initiative (Long Beach Opera); after-school mural program in West Hollywood (Arts Bridging the Gap); Art education and concert management in Sylmer (Department of Music, Wesley) .click [here] Displays a complete list of beneficiaries.

“The Organizational Grants program has strengthened the activities of arts organizations in LA County since the 1940s. Today, the program includes arts organizations that demonstrate culture, tradition and artistic creativity that celebrate diversity. County. It’s important to help the local arts ecosystem thrive, ”said Hilda L. Solis, chair of the Los Angeles County Board of Trustees. , District 1 Supervisor. “OGP gives our residents, especially those in historically underserved areas, access to arts and culture services, as well as all the personal interests and community connections they bring. AT. “

Prices range from $ 1,500 to $ 107,500, depending on the needs and size of the organization. This pricing is flexible and can be used to meet all of your current critical needs, from personnel and infrastructure to programming in your organization. For example, LA Commons in South LA and Las Photo Project in East LA, which inspires teenage girls through photography and self-expression, use grants to pay performers and educational artists to pay for the production. Both are financially sponsored organizations applying for 501 (c) (3) grants and receiving funding for the first time. The Strindberg Institute deepens the theater’s involvement with imprisoned people and underserved communities. Turnaround Arts: California uses this award to support key staff positions as the new recipients continue their mission of transforming their highly sought-after school districts and communities through the arts.

“We know how much the cultural resources of vitality, well-being and resilience can bring to individuals and communities. We underestimate the resonance and impact of organizational funding programs in the local arts sector, especially in the aftermath of pandemics. He can’t, and his role in equitably sharing those interests is important, ”said County Manager Holly J. Mitchell.

“Organizational grant programs are an important and essential function of the Department of Arts and Culture. These grants provide public sector funding for the arts that employ artists and the cultural workforce, and the diversity of LA County. Increase community access to arts, ”said Christine Sakoda, director of the Los Angeles County Department of Arts and Culture. “As the number of organizations applying for and receiving funding increases each year, we are confident that this program strengthens the artistic ecology infrastructure of the region and thereby improves the quality of life for the people of the county. I know. “

OGP Context and Review Process
Since 1947, the Department of Arts and Culture (formerly the LA County Arts Commission) has funded LA County arts and culture organizations, which reflect the region’s rich diversity. In addition to direct funding, OGP recipients benefit from professional development and training opportunities, ranging from workshops on cultural and racial equality to creation and talent grants. Of the 231 recipients of OGP 2021-2022 grants located in 48 of the county’s 88 municipalities, 11% are receiving this funding for the first time. OGP grants cover areas such as arts education, dance, literature, media arts, interdisciplinary, music, choir and opera, theater, traditional and folk arts, and visual arts.

Applications for the OGP program are reviewed and rated by 75 diverse expert panelists from a strong community of cultural workers, artists, curators, nonprofit art managers, funders and art educators from the Los Angeles area. it was done. The price recommendations are Artistic committee Approved by Supervisory Board..

Letter of recommendation from OGP beneficiaries
“We are honored to receive the Organizational Grants Program award from the LA County Department of Arts and Culture. These grants are essential for arts organizations in Los Angeles. They give us with community members. This gives us the flexibility and the power to work with us, so that we can provide a valuable artistic experience in the most meaningful way for our county, ”said Lucia Torres, General Secretary of the Las Photo Project. .. “This is especially useful in this time of recovery when organizations like us are strengthening and rebuilding themselves after such an eventful year. “

“LA Commons’ first OGP grant makes a decisive contribution to our sustainability during highly volatile times. Roots in South LA, which continues to suffer the worst impacts of COVID-19. It’s all the more important that there are, ”says Karen Mack. , founder and executive director of LA Commons. “At the crossroads of art, community and social justice, we strengthen the stories and voices of youth and other members of the community. Driven by the creativity and resilience of local youth in various parts of Los Angeles. We are pleased to join the LA County Department of Arts and Culture as a partner in promoting a fair, healthy and equitable Los Angeles. “

“This grant will allow us to reshape the sense of community that theater brings to the people who do our work and to the audiences who participate in these works,” said the Secretary General of the Lindberg Institute. said Michael Biaman.

“Community Turnaround Arts: California’s support is disproportionately influenced by pandemics, and during this difficult time, art is important in providing young students and their teachers with a source of community and self-expression. It played a role, ”says Marissa Shriver. Turnaround Arts: CA co-founder and president. “We are working with our partner schools to prepare for a positive return to schools that have adopted art as a core strategy for healing and engagement, so we were able to secure support from the County Department of Arts and Culture. THE. I am honored. “

Peggy Sivert Zask, CEO / Founder of SoLA Contemporary, said: “We are very happy to include promising young artists who will present curators and preparation practices, as well as digital declaration and promotion techniques, based on the artist criticism program.

About the Ministry of Arts and Culture
The mission of the Los Angeles County Department of Arts and Culture is to enhance art, culture, and creativity throughout Los Angeles County. Grants and technical assistance to non-profit organizations, county-wide arts education initiatives, commissioning and maintenance of civil art collections, research and evaluation, access to creative career paths, professional development, community programs free, citizens A creative transversal strategy that addresses the problem .visit lacountyarts.org..

SCVNews.com | LA County Rewards Several SCV Arts Organizations Over $ 56,000 in Grants Source Link SCVNews.com | LA County Rewards Several SCV Arts Organizations Over $ 56,000 in Grants

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EY Announces Andy Park As New Managing Partner Of Los Angeles Office

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LOS ANGELES, July 20, 2021 / PRNewswire / – Ernst & Young LLP (EY US) has appointed tax partner Andy Park as managing partner in the Los Angeles office, effective 1st of July. Parc succeeds Patrick niemann, who took on a new leadership role at the EY Center for Board Matters after a decade as Managing Partner of the Los Angeles office.

As Managing Partner of the Los Angeles office, Park is responsible for leading 2,300 professionals while continuing to drive growth and advance the firm’s inclusive and people-centered culture. EY’s Los Angeles office, which celebrated its centenary in 2020 and was recently redesigned to encourage more flexibility and collaboration, will be overseen by Park.

Frank mahoney, Regional Managing Partner of EY US-West, says:

“Andy has deep roots and a passion for Los Angeles office and community. He has demonstrated this passion, along with solid technical background, entrepreneurial and innovative spirit and a commitment to teamwork throughout his career at EY. I have no doubts that Andy will excel in leading this dynamic office and market as we emerge from the pandemic and are at the forefront of both operating and advising clients in our new world of work. . ”

Park began his career at EY US 17 years ago as a tax intern, and after earning his master’s degree in Washington University, joined EY in 2005. Most recently, he served as Tax Account Manager in EY’s Private Client Services practice, advising high growth pre-IPO companies across a wide range of industries. Park is passionate about entrepreneurship and is co-director of EY Entrepreneur of the Year®Greater Los Angeles program. Now in its 35th year, the EY Entrepreneur Of The Year program honors business leaders whose ambition, courage and ingenuity help transform the world.

“I am incredibly honored to serve our EY professionals, clients and the community as Managing Partner of the Greater Los Angeles office,” said Park. “This is a phenomenal opportunity to lead an inspiring and talented group of professionals as we help clients navigate this new world of work. At Pat Niemann leadership over the past decade, our Los Angeles the practice has reached new heights as the premier professional services organization in the greater Los Angeles market, and I am committed to building on its remarkable heritage and success. “

The son of Korean immigrants, Park was the first in his family to attend college. He is an active member of EY’s Pan-Asian Professional Network, is a Head of Family on the EY Board and is on the Girl Scout Board of Directors of Greater Los Angeles. He lives in Palos Verdes with his wife, daughter and new puppy.

About EY
EY exists to build a better world of work, helping to create long-term value for customers, individuals and society and to build confidence in the capital markets.

Through data and technology, EY’s diverse teams in more than 150 countries ensure trust and help clients grow, transform and operate.

Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers to the complex issues facing our world today. .

EY refers to the global organization and may refer to one or more of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information on how EY collects and uses personal data and a description of the rights of individuals under data protection law can be found at ey.com/privacy. EY member firms do not practice law where local laws prohibit. For more information about our organization, please visit ey.com.

This press release was issued by Ernst & Young LLP, an EY member firm serving clients in the United States.

About Ernst & Young LLP Los Angeles practice
Ernst & Young LLP has nearly 2,300 people in its Greater Los Angeles offices that serve 40% of Fortune 1000 companies and 31% of Russell 3000s in LA. Our LA office professionals work with a diverse clientele of innovative and entrepreneurial companies spanning the consumer products, engineering and construction, financial services, healthcare, life sciences, manufacturing, media and entertainment, private equity, real estate, retail and technology. EY also recognizes entrepreneurs globally and locally with EY Entrepreneur Of The Year®, the world’s most prestigious trade award for entrepreneurs.

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