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ZERO INTEREST MORTGAGE - note and mortgage under which interest accrues but is not paid until the end of the term of the loan.

ZERO LOT LINE - construction of a building on any of the boundary lines of a lot. Usually built on the front line, such as a store built to the sidewalk. See also: Zero Side Yard.

ZERO SIDE YARD - building of a subdivision with each house built on a side boundary line. This gives more usable yard space on a narrow lot. An easement for maintenance is given over a portion of the lot adjoining each house.

ZONE - (1) area of a county or city in which the use of the land is restricted by law (zoning ordinance). (2) An area designated by a number for the delivery of mail. Zip codes incorporate the zones.

ZONING - division of a city or county by legislative regulations into areas (zones), specifying the uses allowable for the real property in these areas.

ZONING MAP - map of a community showing the zones of permitted use under zoning ordinances.

ZONING ORDINANCE - law (generally at the city or county level) controlling the use of land and construction of improvements in a given area (zone).

ZONING VARIANCE - Also See: Variance.

ZYGOCEPHALUM - In civil law an inaccurate measure of land. The area of land a yoke of oxen could plow in one day.

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Daily Oil & Gas and Wall Street Journal News
5/22/18

Oil Holds Near 3-Year High Amid Venezuela Sanction Concerns
Posted on Monday May 21, 2018

Oil settled slightly lower after trading near the highest price in almost 3 1/2 years.

Cheniere Moves Ahead With Corpus Christi LNG Expansion
Posted on Monday May 21, 2018

Cheniere says it has approved the construction of a third liquefaction unit.

Data: Valero Boosts Imports Of Venezuelan Oil As Sanctions Loom
Posted on Monday May 21, 2018

Valero this year boosted its imports of Venezuelan crude ahead of US sanctions over the country's disputed presidential election.

Indian Oil To Turn To Traditional Suppliers To Meet Iran Oil Shortfall
Posted on Monday May 21, 2018

IOC will turn to its traditional oil suppliers if US sanctions against Iran result in supply disruptions, its head of finance says.

US LNG, Ethanol Sellers Buoyed By China Trade Talks
Posted on Monday May 21, 2018

China's interest in reducing its trade surplus with the US through increased energy imports could advance plans for US LNG plants and ethanol sales.

Goldman Sachs: Oil Producers Boost 2019 Hedging
Posted on Monday May 21, 2018

Oil producers have picked up the pace in hedging against further production in 2019, Goldman Sachs says.

Over $40MM Of Fuel Stolen From Shell Refinery, Singapore Court Docs Show
Posted on Monday May 21, 2018

Singapore authorities have levied new charges against a group of fuel thieves operating at Shell's oil refinery in Singapore.

BP To Cut 3% Of Upstream Jobs By Year-End
Posted on Monday May 21, 2018

BP says it plans to cut 3% of jobs in exploration and production.

Australia's Santos Rejects Harbour Energy's Final $10.8B Takeover Offer
Posted on Monday May 21, 2018

Australia's Santos terminates discussions with Harbour Energy.

Egypt Sets Deadlines For Oil And Gas Exploration Bids
Posted on Monday May 21, 2018

Egypt has set October 1 and October 8 deadlines for 2 major international tenders for oil and gas exploration spanning 27 onshore and offshore blocks, the oil ministry says.

Wall Street Journal
Commercial News

5/22/18

WSJ.com: Commercial Real Estate

Sportswear-Maker Puma to Open New York Flagship
Germany?s Puma has signed a lease deal to creating a marquee location on Fifth Avenue that will be the first of its kind for the company in North America.

Kushner Cos., Brookfield Near a Deal for Stake in 666 Fifth Ave.
The real estate arm of Brookfield Asset Management is in advanced talks with Kushner Cos. to buy roughly a 50% stake in 666 Fifth Ave. and invest hundreds of millions of dollars in the Manhattan office tower, which has been at the center of a controversy over possible conflicts of interest involving Jared Kushner, President Donald Trump?s son-in-law and adviser.

Sign of the Times: New Office Space Created in Retail's Tumult
Normandy Real Estate Partners? $133 million deal for the upper portion of ABC Carpet?s flagship store is an example of office space edging into territory that once was retail?s domain.

Want to Buy a Luxury Hotel in the U.S.? Try China's Insurance Regulator
When Chinese regulators seized control of Anbang Insurance, they took ownership of more than a dozen luxury U.S. hotels. Now, as the government looks to sell, it faces a problem: The buildings likely are worth less than what Anbang paid only a couple of years ago.

New York's Commercial Property Slump Shows Signs of Slowing
After a two-year plunge, brokers are optimistic that more deals will take place in 2018.

NYC Council Stops Midtown Tower Construction
Work on an 800-foot-tall tower in East Midtown that has been under construction for six months was halted last week following a vote by the New York City Council to limit skyscrapers in the area,.

Malls Never Wanted Gyms. Now They Court Them
Mall owners long treated gyms, massage parlors, and billiards halls as unwanted tenants that attracted lower-rent visitors who were unlikely to shop. Now they?re giving health clubs some of their best real estate.

BRE #:00619059
Charles Elfsten, President
Charles A. Elfsten
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