Tag Archives: completes

Eight-year-old Hailey Dawson Completes Her “Journey to 30”

What started out as a confident but insane dream will come true on Sunday thanks to the determination of a little lady and her moms and dads, the heart of the MLB, the dedication of a UNLV college student, and a tweet by Bleacher Report.

Hailey Dawson was born with Poland Syndrome, which triggered the fingers on her right hand to be underdeveloped. Professors and students from UNLV’s Howard R. Hughes College of Engineering have actually been working with Hailey considering that she was five to develop and print robotic hands to help her grab, grasp, and throw.

” Seeing Hailey, she’s just a little woman doing her thing and having fun– shows to anyone that there are no reasons; anything actually is possible,” said Maria Gerardi, mechanical engineering college student who has actually been dealing with Hailey’s hands given that nearly the start. “It’s an excellent sensation to know my four years of effort have led here. I’m so humbled.”

Hailey and her family have used their love of baseball to accentuate Poland Syndrome and the capacity for cost-effective, 3D-printed prosthetic solutions for children. Hailey tossed out her first pitch at a UNLV Rebels video game when she was five-years old. Pitches for the Baltimore Orioles and Washington Nationals followed. Then, last fall, the Bleacher Report got Hailey’s story and Tweeted out a video asking all MLB groups to help her meet her goal of throwing away the first pitch at all 30 parks.

They all responded “yes,” and the Dawson household invested spring and summer circumnavigating the nation, commemorating America’s favorite leisure activity and informing the general public about Poland Syndrome.

” It took this community of people to assist a then five-year-old develop her self-confidence and self-confidence to where she is now at eight,” stated Dawson. “It took this neighborhood to help Hailey motivate other kids and grownups. UNLV did this for her. Major League Baseball did this for her. All 30 groups, the gamers, and personnel did this for her. Her friends and family did this for her. Hailey’s self-confidence and favorable spirit will continue to grow and the possibilities are limitless for this kid born with Poland Syndrome.”

Because of the publicity Hailey’s story has actually received, other households are now dealing with UNLV and their own regional universities to develop solutions for their kids.

On Sept. 16, Hailey will her total her “Journey to 30” at Angels Stadium when she throws away the first pitch prior to the Los Angeles Angels take on the Seattle Mariners.

Celebration at Rebel Homecoming Festival

UNLV will continue to commemorate Hailey’s accomplishment with alumni, staff, and the general public from 6 p.m. to 9 p.m. Oct. 18 throughout UNLV’s Rebel Homecoming Celebration. Visit the College of Engineering’s cubicle on the Academic Mall between 7 p.m. and 8 p.m. to celebrate with Hailey, and other time during the celebration to see the hands and fulfill trainees and professors who have dealt with them.

You can also follow Hailey’s experience on Facebook at @unlvengineering, on Twitter at @haileys_hand and @unlvengineering, and on Instagram at @haileys_hand.

VICI Properties Completes 4th Largest REIT IPO in History

Ed Pitoniak, CEO of VICI Properties VICI Characteristics Inc., a Las Vegas-based owner of net leased gambling establishments, completed the fourth-largest REIT going public in history yesterday and began trading this morning on the NYSE under the sign VICI. VICI priced an upsized offering of 60.5 million shares at$20/share. The REIT has actually also approved to the underwriters a 30-day overallotment choice to buy up to an additional 9.075 million shares. In overall, the REIT is expected to raise gross profits of $1.4 billion. The offering was coincidentally substantial for another reason.

In ending up being the 4th largest REIT IPO in history and the biggest hotel REIT, according to NAREIT data, VICI replaced its rival MGM Growth Characteristic because area, which had raised $1.2 billion in its IPO 2 years ago. Simply 2 weeks back, MGM Development Residences made an unsolicited deal to buy VICI

for$ 19.50 shares. VICI rejected the bid thinking that its prospects as a standalone independent business could deliver substantially exceptional results, Ed Pitoniak, CEO of VICI said. VICI’s stock has been trading today at around$1 more per share than its IPO price. The IPI raised some$200 to$300 million more than at first prepared. Pitoniak told CoStar they would be weighing everyday the best ways to release the additional money raised, including how much dry powder they might

wish to place on their books. About $670 countless the proceeds were already allocated to pay for some arrearage. In addition to the IPO raise, in late December, VICI raised another $1 billion in a personal equity offering. The net earnings from the transaction were used to partially

fund VICI’s purchase of Harrah’s Las Vegas for$1.14 billion. Pitoniak stated he was gratified by the level of assistance from financiers and the worth they placed on the company and its real estate. Substantiated of the bankruptcy reorganization of Caesars Home entertainment Corp., VICI Residence was spun-off late in 2015 as the owner of a diverse portfolio consisting of 20 gaming facilities including Caesars Palace Las Vegas. Its nationwide, geographically diverse portfolio consists of over 36 million square feet and functions around 14,500 hotel rooms and more than 150 restaurants, bars and clubs. Morgan Stanley, Goldman Sachs & Co. LLC and BofA Merrill Lynch served as joint book-running supervisors and as representatives of the underwriters for the offering. Barclays, Citigroup and Deutsche Bank Securities are working as bookrunners. Credit Suisse, UBS Financial Investment Bank, Stifel, People Capital Markets, Wells Fargo Securities, Nomura and Union Video gaming are serving as co-managers for the offering. The law practice of Kramer Levin represented VICI in the offering and its formation in 2015.

Update: China’s HNA Group Completes $2.2 Billion Purchase of 245 Park Ave.

China-based HNA Group and its concealed partners have actually closed on their $2.21 billion purchase of 245 Park Ave. in Manhattan from a joint endeavor of Brookfield Property Partners and the New York State’s Teachers Retirement System.

Coming soon will be the issuance of a $500 million CMBS deal backed by HNA’s purchase financing of the 1.6 million-square-foot home.

Ernst & & Young LLP has actually completed due diligence for J.P. Morgan Chase Commercial Home loan Securities Corp. in examining the accuracy of info backing securitization.

JPMorgan Chase Bank will be the lead lender on $1.6 billion in brand-new financing with involvement by Natixis Realty Capital, Barclays Bank, German American Capital Corp., Deutsche Bank, and Société Générale.

The CMBS funding belongs to a split loan structure consisting of 14 other fixed-rate, interest-only loans. The mortgage loan has three associated set rate mezzanine loans that will not be assets of the CMBS.

The deal with HNA values the property at about $1,380 per square foot. It is likewise a sign of foreign financiers’ continued desire to make huge bets on New York’s trophy home, according to Avison &&.

NYSTR’s obtained its 49% interest in the property in September 2003 for $438 million, giving the home an overall value then of about $849 million or about $530/square foot.

The sale is part of Brookfield Residential or commercial property Partners efforts to raise as much as $2 billion of net equity from possession sales in 2017 after raising $3 billion from sales in 2015, Brian Kingston, CEO of Brookfield Residential or commercial property Partners wrote in a shareholder letter last week.

“Our premier, well-leased properties in core markets continue to attract interest from worldwide investors seeking stable, bond-like yields,” Kingston said. “We will redeploy the capital raised from these sales to money the ongoing advancement of our 7 million-square-foot Manhattan West task in the Hudson Yards district on the west side, along with our other development jobs around the globe.”

The sale will create net profits to Brookfield of over $650 million.

“While a trophy possession in the much-sought-after Grand Central passage that commands some of the greatest leas in New york city, we felt the capital could be released elsewhere at higher returns,” Kingston said. “In addition, Brookfield’s earlier-generation personal realty funds have started harvesting capital through realizations of growing financial investments. During the quarter, these funds returned around $239 million of capital to BPY. As we have discussed in the past, our capital commitments to future opportunistic funds will be mostly funded through realizations from predecessor funds, which must continue to ramp up sequentially as the investment horizons within these funds draw near.”

Paramount Completes Buyout of Partner'' s Interest in 31 W. 52nd

(UPDATE|Oct. 2, 2015): Paramount Group, Inc. (NYSE: PGRE) has closed on its previously announced acquisition of the staying 35.8 % equity interest in 31 W. 52nd St. from its joint-venture partners Hines and Deutsche Possession & & Wealth Management for $230 million.

Following the all-cash sale, Paramount now totally owns the possession.

Both celebrations reportedly dealt with the direct sale in-house.

Kindly see CoStar COMPS # 3402822 for extra information on this transaction.

Original Story Continues Below

36 % Ownership Stake Expected to Trade for $230M

September 9, 2015

Paramount Group, Inc. has actually entered a definitive sales arrangement to obtain the remaining 35.8 % ownership interest at 31 W. 52nd St. in New york city City from its joint-venture partner.

Anticipated to be finished in the 4th quarter of 2015, based on customary closing conditions and final adjustments, the $230 million, all-cash deal would value the possession at roughly $1.06 billion including debt presumption.

Hines and Deutsche Asset & & Wealth Management offered the Midtown Manhattan workplace tower to Paramount Group in December 2007 for $595 million, according to CoStar data.See CoStar COMPS # 1476411.

The 30-story, 786,647-square-foot, 4-Star workplace tower was established by Hines with Kevin Roche John Dinkeloo and Associates, architect in 1985 on 1.1 acres in the Plaza District submarket, in between Fifth and Sixth Avenues. The building is currently 100 % rented to numerous tenants, and features views of Central Park, Rockefeller Center, and the Midtown skyline. It boasts a 120-space parking garage, a huge public plaza, and distance to five subway lines, luxury hotels, museums, and retail space.

“The acquisition of the remaining ownership interest in this distinct prize asset offers Paramount an outstanding opportunity to carry out on our embedded growth method,” said Albert Behler, chairman, president and CEO of Paramount. “We believe complete ownership of the home remains in the best long-lasting interests of our investors, as we continue to focus our efforts on driving NOI growth through strategic and creative leasing and other vital efforts.”

Paramount is a fully-integrated real estate financial investment trust that has, runs, manages, acquires and redevelops workplace buildings in select CBD submarkets of New york city City, Washington DC, and San Francisco.

Medical Health Care of NJ Completes 150,000-SF Long Term Lease in Suburban Philadelphia

Clinical Healthcare Associates of New Jersey PC, a subsidiary of Medical Practices of the University of Pennsylvania, has signed a long-term, full-building lease at 1865 Marlton Pike in Cherry Hill, NJ.

The two-story, 150,000-square-foot structure sits on 12 acres in the South Camden County submarket of Philadelphia, located on Route 70 E near I-295.

Off-price retail clothing chain Syms Corporation previously inhabited the building, utilizing it as retail and display room area up until the business stopped operations in 2012. The building has been uninhabited because that time.

Finmarc Management, Inc. obtained the asset in September 2013 for $4.75 million, significantly below replacement expense and moneyed in-part with proceeds from the earlier sale of its Shoppes of Burnt Mills in Silver Spring, MD, according to CoStar data.See CoStar COMPS # 2993498 and # 2798468.

“The Cherry Hill and South New Jersey/ Philadelphia marketplaces are exceptionally appealing to us, as we acknowledge the tremendous chances that exist, as supported by a healthy and growing financial environment,” discussed Neil S. Markus, principal of Finmarc Management. “It is among the crucial locations we have actually targeted to broaden our five million square foot profile outside of the higher Washington D.C. metropolitan area.”

Finmarc and the occupant strategy to invest more than $50 million in capital improvements to the building in the hopes of transforming it into a premier medical workplace center in South Jersey. Plans consist of the setup of a new roof, brand-new COOLING AND HEATING and electrical systems, full-building construct out, required site work, a brand-new structured garage and repaving of the existing parking lot, restorations to the building exterior, and the addition of brand-new windows along with upgrading all indoor and outside lighting.

Fred Berlinsky with Markeim Chalmers represented the property owner in lease settlements. Thomas Hummel and Dean Geis with NAI Geis Real estate Group, Inc. represented Clinical Health Care Associates.