Tag Archives: closes

Bell Partners Closes $600 Million Home Fund VI

Bell Cherry Hill in Englewood, CO.
Bell Cherry Hill in Englewood, CO. Bell Partners Inc. finished its second and final close of Bell House Fund VI with $600 million of overall equity commitments.

The fund was materially oversubscribed and closed at its fund size limit. With debt leverage, the fund has the capability to get over $1.7 billion in home investments.

Bell Apartment Fund VI is a completely discretionary fund with a national footprint that seeks to include worth through remodelling, enhanced operations and investing in transitioning areas.

The fund’s financier base is consisted of institutional investors from around the world and certified high-net-worth people.

Among those investors is the Pennsylvania Public School Employees’ Retirement System. According to PSERS, Bell’s investment strategy is to develop a portfolio of value-add multifamily residential or commercial properties targeting a net IRR of 11-13% using 65% take advantage of. These homes tend to contain from 150 to 450 private units.

Bell’s investments span 13 states and Fund VI will target the following markets: Boston, DC, Raleigh/Durham, Nashville, Atlanta, Charlotte, Orlando/Tampa, Ft. Lauderdale/Miami, Dallas, Austin, Denver, Northern and Southern California. The California market is an extra market for Fund VI, and will be restricted to a maximum of 20%.

CBRE Capital Advisors acted as placement agent for select U.S. financier capital commitments.

In addition to its series of value-add apartment funds, Greensboro-based Bell likewise purchases stabilized, core houses through a $1 billion different account with a German real estate unique fund managed by HansaInvest. The venture is concentrated on obtaining supported core multifamily homes located throughout its major markets in the United States

During 2016, Bell finished almost $1.3 billion in overall apartment deals.

Bell’s latest purchase was this past April when it got Alta Cherry Hills, a 306-unit community in Englewood, CO<

Fatal wreck closes southbound I-15 near Moapa

Tuesday, May 23, 2017|1:35 p.m.

. The southbound lanes of Interstate 15 near Moapa were closed down today following a deadly rollover crash, according to the Nevada Highway Patrol.

The single-vehicle crash took place about midday near exit 91, about 50 miles north of Las Vegas. Someone died, authorities stated.

Commuters must anticipate delays, officials said.

Eastside Cannery buffet permanently closes down

The logo for the Eastside Cannery is shown in an undated image. (FOX5/File)< img src=" /wp-content/uploads/2017/04/13680889_G.jpg "alt=" The logo for the Eastside Cannery is displayed in an undated image. (FOX5/File)"

title=" The logo for the Eastside

Cannery is displayed in an undated image.( FOX5/File)” border =” 0″ width =” 180″/ > The logo design for the Eastside Cannery is displayed in an undated image. (FOX5/File ). LAS VEGAS( FOX5)-. Customers of the Eastside Cannery will need to discover a new buffet to dine at. A spokesperson for the residential or commercial property said the buffet permanently closed on Tuesday. The representative mentioned slow company as the reason for the closure, including it did not make sense to continue operations at the dining establishment.

Numerous other restaurants stay open on the home located near Boulder Highway and Harmon Avenue consisting of Snaps, a 24-hour coffeehouse.

The spokesperson did not say the number of employees were affected by the closure however said they are working with team members to recognize other opportunities with Boyd Video gaming.

Copyright 2017 KVVU (KVVU Broadcasting Corporation). All rights reserved.

Truck crash closes portion of I-15, motorist detained for DUI

NHP at the scene of a semi-truck crash on Interstate 15 on April 14, 2017. (LVACS)< img src =" /wp-content/uploads/2017/04/13622456_G.jpg "alt=" NHP at the scene of a semi-truck crash on Interstate 15 on April 14, 2017. (LVACS) "title=

” NHP at the scene of a semi-truck crash on Interstate 15 on April 14, 2017.( LVACS)” border=” 0 “width=” 180″/ > NHP at the scene of a semi-truck crash on Interstate 15 on April 14, 2017.( LVACS ). LAS VEGAS (FOX5)-. The Nevada Highway Patrol is investigating a crash that triggered huge hold-ups on Interstate 15 Friday morning. Cannon fodders were called to the scene of a crash that involved a semi-truck and a concrete barrier on northbound I-15 at the Charleston Boulevard exit at

about 6:30 a.m. The truck was transporting ice cream when it made contact with the side concrete barrier on the highway inning accordance with NHP.

Authorities stated the effect of the collision breached the fuel tanks on the truck and triggered 100 to 200 gallons of fuel to then be launched onto the highway.

Teams had to close the northbound travel lanes on the highway for the clean-up of the diesel fuel.

#TrafficAlert I15 NB at Charleston Semi Vs. Wall. Approximate 100 gallons of diesel across all lanes. Traffic diverted onto Sahara. Expect delays

— NHP Southern Command (@NHPSouthernComm) April 14, 2017 The motorist of the semi-truck was not hurt in the crash, but was thought of owning under the influence and reserved into the Las Vegas City Prison according to NHP.

Authorities have not launched any further information, as the crash stays under examination.

Stay with FOX5 for updates on this story.

Copyright 2017 KVVU (KVVU Broadcasting Corporation). All rights booked.

Flooding closes highways, hairs numerous drivers

Vehicles are parked on U.S. Highway 93 because of flooding Oct. 18, 2015. (Don76eis/FOX5 Report It)Cars are parked on U.S. Highway 93 since of flooding Oct. 18, 2015. (Don76eis/FOX5 Report It).

Flash flooding rinsed areas of greatly traveled highways in Southern Nevada on Sunday afternoon.

The National Weather Service in Las Vegas stated that U.S. Highway 93 was closed between mile markers 58 and 63 near Moapa since of flash flooding.

Photo shared on FOX5 Report It showed numerous cars parked on the highway, while motorists waited for a method to move through the flooded area of the road.

According to the Regional Transportation Commission, southbound lanes of U.S. Highway 95 were closed at State Path 160 because of flooding.

A video shared on Report It revealed vehicles passing through deep flood waters on Interstate 15 just north of Peak.

Drivers were reminded that it is never ever safe to drive through a flooded highway.

A flash flood watch was in effect for all of Southern Nevada up until Sunday night.

If you have weather-related pictures or videos to share, email them to [email protected]!.?.! or submit them at reportit.fox5vegas.com. Copyright 2015 KVVU(KVVU Broadcasting Corporation). All rights reserved.

Prologis Closes $820 Million Purchase of Retail/Warehouse Portfolio

San Francisco-Based Industrial Owner and Designer to Flip Retail Assets to Blackstone For $374 Million

Prologis, Inc. (NYSE: PLD) has actually completed the acquisition of a 5.4 million-square-foot profile of mainly Northern New Jersey commercial properties and retail structures in the Tri-State New york city and Florida markets, with the San Francisco industrial REIT revealing that the 2.2 million square feet in gotten retail possessions will be offered to affiliates of Blackstone Property Advisors for about $374 million, consisting of assumption of debt.

This profile obtained from Morris Realty Associates LLC for about $820 million consists of 8 commercial assets totaling 3.2 million square feet of industrial operating and development properties situated primarily in Northern New Jersey, according to CoStar info. The retail assets to be offered to Blackstone include a range of freestanding, single-tenant, restaurant and multitenant shopping mall in New Jersey, Pennsylvania and Florida.

The Oct. 9 closing comes numerous months after the original sale conclusion date estimated by San Francisco-based Prologis for late April at the time the deal was revealed deal was revealed in early February.

The largest of the retail buildings is Larkins Corner, a 225,379-square-foot community shopping center in Boothwyn, PA. The largest industrial property is 1051 Amboy Ave., a 614,500-square-foot storage facility building built in 2008 in Perth Amboy, NJ.

The Blackstone deal is anticipated to close prior to completion of the year, subject to loan provider authorizations and traditional closing conditions.

“Prologis’ acquisition of high-quality industrial structures in the higher New york city area matches its current profile in among the largest and most supply-constrained logistics hubs in the United States,” the business stated in a release.

The deal included the issuance of $385 countless collaboration units in the Prologis operating collaboration, including 32,655 common limited collaboration devices and 8,894,478 typical restricted collaboration systems, priced at $43.11 per system, plus the presumption of financial obligation.

Morris Real estate Associates is an affiliate of The Morris Cos., founded in 1971 by Joseph D. Morris. The Morris Cos. has developed over 30 million square feet of industrial warehouse centers in the Northeast.

Please see CoStar COMPs # 3407397 for more information on the transaction.

Tractor-trailer crash closes ramp from SB 95 to SB I-15

The ramp from southbound U.S. Freeway 95 to southbound Interstate 15 is closed, according to the Regional Transportation Commission of Southern Nevada.

A tractor-trailer hit a wall on the ramp, according to Nevada Highway Patrol Cannon fodder Chelsea Stuenkel. No one was harmed.

NHP is uncertain how long the ramp will certainly stay closed. A tow truck was en path about 1:20 p.m.

. The RTC suggests motorists to find a detour.

This is an establishing story. Check back for updates.

Contact Ricardo Torres at [email protected]!.?.! and 702-383-0381. Discover him on Twitter: @rickytwrites.

‘It’s awful’: Tonopah’s only hospital closes

Published Friday, Aug. 21, 2015|2:33 p.m.

Updated Friday, Aug. 21, 2015|5 p.m.

. The Nye Regional Medical Center, the only healthcare facility in a 100-mile radius, closed at noon today, leaving rural residents worried about how they will get care.

Based in Tonopah, a mining town midway in between Las Vegas and Reno, the 10-bed hospital offered emergency situation and inpatient care as well as laboratory, radiology, breathing and outpatient services.

Wayne Allen, CEO of the Nye Regional Medical Center, provided a letter Wednesday revealing the closure of the medical facility, blaming extended monetary struggles. An outpatient center will close at 5 p.m. Sept. 4, he stated.

Emergency medical responses, such as ambulances, are not impacted.

“The health center operations can not be sustained any longer with expenditures higher than revenues,” Allen wrote in the letter. “In an effort to save the hospital, we have attempted to arrange partnerships/affiliations with other health care organizations. These efforts have actually been unsuccessful due to our little size and remote place. We run out choices, time and financing.”

Nye County Emergency situation Supervisor Vance Payne released a memo this afternoon specificing treatments to alleviate some of the effect of the hospital closure. The county’s Workplace of Emergency situation Management has actually exercised transport contracts with provider in surrounding counties and states to accommodate day-to-day requirements, he said.

Life Guard Air Ambulance services has generated another aircraft, doubling its air ambulance capability for the location, Payne stated. In addition, Nye County has reached agreements with 2 California counties– Inyo and Nevada– to fulfill ambulances midway to cut patient-transport times and is negotiating with Humboldt General Medical facility for another mutual aid ambulance crew.

“Our No. 1 priority is to ensure the long-term safety to the residents of this neighborhood,” he composed. “To support this effort, we have actually implemented the most efficient and reliable strategy to reach that objective.”

Unlike in metropolitan areas, where numerous private-practice doctors serve the population, citizens in Tonopah– with a population simply shy of 2,500 homeowners in 2010– depend on the medical center for their healthcare, said Joan Hall, CEO of Nevada Rural Medical facility Partners, an alliance of small hospitals serving 346,500 citizens in the state.

There are no standalone centers or paramedics in the town, but Tonopah does have a volunteer emergency situation medical services group, Hall stated. The closest medical facilities to Tonopah are in Hawthorne (103 miles northwest) and Bishop, Calif. (116 miles west). Tonopah is 211 miles northwest of Las Vegas.

“It’s awful,” Hall stated. “Nationally, we’re seeing increasingly more rural healthcare facilities close.”

Fifty-three rural medical facilities across the United States have actually closed because 2010, eliminating emergency and primary care for citizens, she said.

Prime Care Nevada Inc., the father and mother business of Nye Regional Medical Center, filed for bankruptcy in 2013, the Pahrump Valley Times reported. Numerous months later on, in Might 2014, a federal bankruptcy judge eliminated Dr. Vincent Scoccia from his function as the hospital’s CEO after Nye County implicated him of mismanagement and paying his own interests.

Tonopah homeowners have actually know the hospital’s monetary struggles– and efforts to conquer them– for several years, but Hall suspects most didn’t stress over an imminent closure. “It’s always a struggle,” she stated. “Occasionally you get so utilized to struggling, you don’t think there is any inescapable coming.”

Crash closes the Strip at Spring Mountain

Southbound lanes of the Las Vegas Strip near Spring Mountain Roadway are closed while authorities investigate a crash that sent a bicyclist to the hospital with deadly injuries.

Southbound Las Vegas Boulevard near Spring Mountain Road is closed while police investigate a crash that sent a bicyclist to the hospital with deadly injuries.

The crash happened about 8 a.m. in the 3300 block of Las Vegas Boulevard South, City wrote in a release Monday.

The male bicyclist was taken to Sunrise Healthcare facility and Medical Center.

“Traffic hold-ups should be expected until the conclusion of the mishap examination.” the release said.

This is a developing story. Inspect back right here for information.

Contact Kimberly De La Cruz at [email protected]!.?.! or 702-383-0381. Discover her on Twitter: @KimberlyinLV

Bunkhouse Saloon in downtown Las Vegas closes

The Bunkhouse Saloon has actually inexplicably gone dark. With relatively no notification or description, the popular downtown music destination at 124 S. 11th Street issued word by means of its Facebook page that it is no longer functional, since today:

“The Bunkhouse Saloon regrets to announce that we have closed our doors, efficient right away. Ticketholders for future shows will certainly be called by Ticketfly regarding refunds. On behalf of our personnel, management, and production group we wish to thank every artist who graced our phase and everyone who visited us for a program or a cold beer. You made Bunkhouse something we will certainly never forget.”

The closing statement comes simply less than a year after the place re-opened this past fall after undergoing comprehensive remodellings, consisting of enhancements to the staging and noise, in addition to expanding the ability and moving the entryway.

“The marquee on Monday might have read ‘Back from the dead,’ but the reality is, this is no zombie/Lazarus Bunkhouse, however a new venue in all but name,” composed Jason Bracelin after last fall’s grand reopening. “And it’s a better one in practically every way– better sound, roomier interior, more area to hang out outside, higher caliber of bands being booked while still giving Vegas acts lots of chances to play the space. Given, nothing will change the memories of the old Bunkhouse for a great deal of individuals. Time to make some new ones instead.”

The news is incredibly frustrating for music fans and for the local scene, as the Bunkhouse not only regularly reserved compelling acts– outfits like Tuxedo, whose program last month was loaded to the gills and definitely jaw-dropping– but it was likewise an important hub for the local scene.

The impact on local imitate Exact same Sex Mary, which was set to commemorate the release of its latest cd at the Bunkhouse this Saturday, in the business of Covert Levels and Dark Black, both set to make their scene launching, is both immediate and profound.

“We had a complete rehearsal last night,” states Tsvetelina Stefanova of Same Sex Mary. “We have actually got 7 choir members and 2 stars, a director and all these individuals. We will have practice with Hassan, who’s rapping on one of the songs. We have all these individuals involved in this, and we’re still trying to wrap our heads around it.”

According to Stefanova, this evening, she’s slated to meet with Mike Henry, talent buyer for Downtown Jobs, who, from the sounds of it, is doing everything he can to assist move the gig to an alternate venue. Still, the news of the Bunkhouse closing is a big obstacle for the regional act.

“We anticipated our program to offer out, and we were banking on that,” states Stefanova, whose band had a sophisticated production planned. “We bought CDs and were wanting to have the ability to spend for them, and we also want to compensate everyone involved. There are most likely like 20 people associated with this entire thing. And working with everybody’s schedule. If we need to do it on different days now … we have to ensure we can discover a place where we can get this production done appropriately.

“It simply really, truly sucks,” she goes on. “We have actually worked so hard on this. I’ve printed I have no idea how many countless fliers that we’ve distributed and posters that state it’s at the Bunkhouse. We have actually simply put in so much work into this. I simply don’t know what to believe.”

Downtown Project Ventures, which oversees a host of downtown buildings, consisting of the Gold Spike, the marketplace, Oak & & Ivy, the Las Vegas Hostel and Container Park, among others, issued a statement previously today from CEO Mark Rowland:

“The Bunkhouse Saloon has actually closed, reliable Monday, July 20. We’re happy of the committed workers and all of the artists who rocked the phase of the Bunkhouse Saloon, and we’re talking with possible new operators and considering brand-new ideas. Ticket holders will be called instantly through Ticketfly.”

Aside from the statement, there’s no conclusive word yet on why the location closed so suddenly or exactly what the plans are from right here, but we’ll keep you published as things end up being clearer. In the meantime, also keep an eye out for word on when/if the Exact same Sex Mary CD release show is rescheduled.

Contact Dave Herrera at [email protected]!.?.!.