Industrial Real Estate Prices and Market Efficiency

This study employs a multivariate Granger-causality procedure to examine causal relationships between selected economic and financial variables and industrial real estate prices. Empirical results indicate that relationships between several of these variables' lagged values and current values of price exist. We also find a significant relationship between past and current prices.

Implicit Liquidity Premiums in the Disposition of RTC Assets

Recent research investigated the relationship between physical factors and the asking price of industrial buildings. We extend prior research by including physical, locational, financial, and economic variables to determine the factors that influence the sales price. This research provides an initial valuation framework for appraisers and is a first step toward the development of an industrial property index. Eleven variables - building size, office space, dock doors, ceiling height, age, distance to the Dallas/Fort Worth Airport, county of sale, industrial cap rate, prime rate, tenant type, and date of sale - are found to explain the sales price of industrial property.

Effectiveness of lifestyle-based weight loss interventions for adults with type 2 diabetes: a systematic review and meta-analysis

Aims: To provide a systematic review and meta-analysis of recent evidence on the effectiveness of lifestyle-based weight loss interventions for adults with type 2 diabetes

Cardio-metabolic impact of changing sitting, standing, and stepping in the workplace

According to cross-sectional and acute experimental evidence, reducing sitting time should improve cardio-metabolic health risk biomarkers. Furthermore, the improvements obtained may depend on whether sitting is replaced with standing or ambulatory activities. Based on data from the Stand Up Victoria multi-component workplace intervention, we examined this issue using compositional data analysis - a method that can examine and compare all activity changes simultaneously.Participants receiving the intervention (n=136 ≥0.6 full-time equivalent desk-based workers, 65% women, mean±SD age=44.6 ±9.1 years from seven worksites) were asked to improve whole-of-day activity by standing up, sitting less and moving more. Their changes in the composition of daily waking hours (activPAL-assessed sitting, standing, stepping) were quantified, then tested for associations with concurrent changes in cardio-metabolic risk (CMR) scores and 14 biomarkers concerning body composition, glucose, insulin and lipid metabolism. Analyses were by mixed models, accounting for clustering (3 months, n=105-120; 12 months, n=80-97).Sitting reduction was significantly (

SKS Splitting Beneath Mount St. Helens: Constraints on Subslab Mantle Entrainment

Observations of seismic anisotropy can provide direct constraints on the character of mantleflow in subduction zones, critical for our broader understanding of subduction dynamics. Here wepresent over 750 new SKS splitting measurements in the vicinity of Mount St. Helens in the Cascadiasubduction zone using a combination of stations from the iMUSH broadband array and Cascades VolcanoObservatory network. This provides the highest density of splitting measurements yet available inCascadia, acting as a focused“telescope”for seismic anisotropy in the subduction zone. We retrieve spatiallyconsistent splitting parameters (mean fast directionΦ: 74°, mean delay time∂t: 1.0 s) with the azimuthaloccurrence of nulls in agreement with the fast direction of splitting. When averaged across the array, a90° periodicity in splitting parameters as a function of back azimuth is revealed, which has not beenrecovered previously with single‐station observations. The periodicity is characterized by a sawtooth patterninΦwith a clearly defined 45° trend. We present new equations that reproduce this behavior based uponknown systematic errors when calculating shear wave splitting from data with realistic seismic noise.The corrected results suggest a single layer of anisotropy with an ENE‐WSW fast axis parallel to the motionof the subducting Juan de Fuca plate; in agreement with predictions for entrained subslab mantleflow. Thesplitting pattern is consistent with that seen throughout Cascadia, suggesting that entrainment of theunderlying asthenosphere with the subducting slab is coherent and widespread.The broadband seismic component of the iMUSH project was supported by National Science Foundation grants EAR‐1144568, EAR‐1144351, EAR‐1460291, and EAR‐1444275. CME acknowledges support from the Australian Research Council (DE190100062). We thank the 2017 IRIS undergraduate summer intern program for providing support to A. W. to work with E. A. W. at the University of Washington. The facilities of IRIS Data Services, and specifically the IRIS Data Management Center, were used for access to waveforms, related metadata, and/or derived products used in this study. IRIS Data Services are funded through the Seismological Facilities for the Advancement of Geoscience and EarthScope (SAGE) Proposal of the National Science Foundation under Cooperative Agreement EAR‐1261681

Application of Paleoclimatology to Coral Reef Monitoring and Management

The skeletons of reef-building corals are valuable archives of climatic and environmental information. Paleoclimatic data chiefly have been generated in areas most sensitive to global or regional climatic variability. However, these records also provide valuable information on anthropogenic influences – guidance of value to resource managers. NOAA’s Coral Reef Watch targets observations of current and past coral reef health in or near marine protected areas through satellites, in situ sensor platforms, and paleoclimatic analyses. Paleoclimatic data provide retrospective monitoring through multi-century environmental reconstructions that improve our understanding of past stress to coral reefs. Two sites in the Florida Keys National Marine Sanctuary were the first to benefit from Coral Reef Watch Program paleoenvironmental analyses. Coral cores yielded direct measurements of δ18O, δ13C, Sr/Ca, and coral skeletal growth (extension, density, and calcification) and reconstructions of reef temperatures. Temperature reconstructions were compared with instrumental data from nearby stations and global data sets, while skeletal growth was used to infer responses to changing climatic and environmental conditions. Differences between paleoclimatic data and gridded datasets demonstrated that paleodata provide more accurate estimates of reef temperatures as they sample subsurface temperatures where the corals live. Because of relatively high thermal variability, at least 12 samples per year are needed at these sites. Further work will extend these records back in time, to new locations, and expand on the data reconstructed from the skeletal archives

Identifying oceanic thermal anomalies in the coral triangle region

Mass coral bleaching has historically been linked to episodes of thermal stress. While locationspecific time-series data have been examined, the oceanic thermal anomalies that underlie broad-scale thermal stress events are apparently unstudied quantitatively in terms of their spatial extent, temporal development, and intensity. Knowledge of the spatial and temporal parameters that characterise anomalies can be useful in understanding how bleaching-level stress develops, providing context for and a basis for modelling of future events. Here we examine historical satellite sea-surface temperature (SST) data with the goal of identifying and characterising oceanic anomalies in the Coral Triangle region. This region is of interest because it is influenced by the Indian and Pacific Oceans and is the centre of coral ecosystem diversity and significant coral reef conservation efforts. Oceanic anomalies are defined here using the HotSpot metric, which is the positive variation in temperature above the maximum of the monthly mean climatology values. This metric describes thermal stress that has been linked to coral bleaching episodes. It is proposed that the method for identifying oceanic anomalies described here be applied to datasets of varying spatial resolutions to evaluate if, and how, the characterisations are resolution-dependent. If these anomalies can be comparably identified and characterised at a coarser spatial resolution, this could open the way to examining the likely impact of oceanic thermal anomalies further back in time using historical datasets or in the future using climate models, both of which are available only at lower spatial and temporal resolutions

Global coral bleaching event detection from satellite monitoring of extreme heat stress

Over the past four decades, coral bleaching events have occurred with increasing frequency and severity, directly linked to increasing ocean temperature due to climate change. For the latter half of that period, satellite monitoring by NOAA Coral Reef Watch in near real-time has provided invaluable insight into bleaching risk. Here, we describe a novel application of those products to develop basin-scale tools for tracking the development of extreme heat events that enable monitoring of global coral bleaching events. Case studies of historical extreme events (1982-2018) across the three tropical ocean basins (Indian, Pacific and Atlantic) were analysed using this basin-scale approach to identify key thresholds of heat stress extent for the definition of global bleaching. Global-scale events are apparent when all three tropical basins experience heat stress in at least 10% of reef-containing locations. An 8-month ‘detection window’ was determined as the optimal period of time through which pixels exposed to heat stress should continue to be counted as part of a basin-scale event to account for seasonal variations across ocean basins. Understanding the broader context of basin-scale conditions can inform management of individual reefs, management networks and other reef stakeholders. Operationalising this product for near real-time delivery will provide an effective communication of the status of coral reefs around the world during an era of unprecedented climate threats

Internal deformation of the subducted Nazca slab inferred from seismic anisotropy

Within oceanic lithosphere a fossilized fabric is often preserved originating from the time of plate formation. Such fabric is thought to form at the mid-ocean ridge when olivine crystals align with the direction of plate spreading1, 2. It is unclear, however, whether this fossil fabric is preserved within slabs during subduction or overprinted by subduction-induced deformation. The alignment of olivine crystals, such as within fossil fabrics, can generate anisotropy that is sensed by passing seismic waves. Seismic anisotropy is therefore a useful tool for investigating the dynamics of subduction zones, but it has so far proved difficult to observe the anisotropic properties of the subducted slab itself. Here we analyse seismic anisotropy in the subducted Nazca slab beneath Peru and find that the fast direction of seismic wave propagation aligns with the contours of the slab. We use numerical modelling to simulate the olivine fabric created at the mid-ocean ridge, but find it is inconsistent with our observations of seismic anisotropy in the subducted Nazca slab. Instead we find that an orientation of the olivine crystal fast axes aligned parallel to the strike of the slab provides the best fit, consistent with along-strike extension induced by flattening of the slab during subduction (A. Kumar et al., manuscript in preparation). We conclude that the fossil fabric has been overprinted during subduction and that the Nazca slab must therefore be sufficiently weak to undergo internal deformation

Overriding plate, mantle wedge, slab, and subslab contributions to seismic anisotropy beneath the northern Central Andean Plateau

The Central Andean Plateau, the second-highest plateau on Earth, overlies the subduction of the Nazca Plate beneath the central portion of South America. The origin of the high topography remains poorly understood, and this puzzle is intimately tied to unanswered questions about processes in the upper mantle, including possible removal of the overriding plate lithosphere and interaction with the flow field that results from the driving forces associated with subduction. Observations of seismic anisotropy can provide important constraints on mantle flow geometry in subduction systems. The interpretation of seismic anisotropy measurements in subduction settings can be challenging, however, because different parts of the subduction system may contribute, including the overriding plate, the mantle wedge above the slab, the slab itself, and the deep upper mantle beneath the slab. Here we present measurements of shear wave splitting for core phases (SKS, SKKS, PKS, and sSKS), local S, and source-side teleseismic S phases that sample the upper mantle beneath southern Peru and northern Bolivia, relying mostly on data from the CAUGHT experiment. We find evidence for seismic anisotropy within most portions of the subduction system, although the overriding plate itself likely makes only a small contribution to the observed delay times. Average fast orientations generally trend roughly trench-parallel to trench-oblique, contradicting predictions from the simplest two-dimensional flow models and olivine fabric scenarios. Our measurements suggest complex, layered anisotropy beneath the northern portion of the Central Andean Plateau, with significant departures from a two-dimensional mantle flow regime