Tag Archives: group

Group examining Utah Olympic quote to give progress report

Monday, Dec. 18, 2017|2:07 p.m.

SALT LAKE CITY– An exploratory committee working to figure out if Salt Lake City ought to bid to host the Winter season Olympics once again in 2026 or 2030 will supply a development report at its month-to-month conference Monday.

The group made up of chosen officials, business leaders and one key member of the organizing committee for the 2002 Winter Olympics in Salt Lake City is expected to make a suggestion to state leaders by Feb. 1.

The United States Olympic Committee president Scott Blackmun said earlier this month that authorities believe the 2030 Winter Olympics are more practical, however they are still keeping open the possibility of making a bid for 2026.

Denver and Reno, Nevada have likewise revealed interest in the United States Worldwide, cities thinking about making a bid consist of Sion, Switzerland; Calgary, Canada; Lillehammer, Norway and Sapporo, Japan.

Harbor Group Gets 9,677-Unit House Portfolio in $1.8 Billion Deal from Lone Star


The 696-unit Gardencrest Apartment Or Condos in Waltham, MA

Harbor Group International has actually obtained a 25-property, 9,677-unit multifamily portfolio covering five cities from affiliates of Lone Star Funds.

The $1.8 billion transaction (about $186,000 per unit) is the company’s largest to date and increases Harbor Group’s financial investment portfolio from $5.2 billion to $7.1 billion. The homes are located in the Washington DC, Philadelphia, Baltimore, Chicago and Boston metro areas.

“Harbor Group was able to rapidly set in motion a large-scale due diligence effort and safe and secure attractive financing with Freddie Mac and New York City Community Bank,” stated Jordan Slone, chairman and CEO of Harbor Group.

Berkadia arranged funding amounting to $930 million from Freddie Mac for the acquisition. The Freddie Mac funding includes 16 residential or commercial properties. Eleven of the residential or commercial properties were funded with a fixed rate lorry for over $789 million. The remaining 5 homes were funded with a floating rate car for over $138 million.

Freddie Mac previously funded the entire portfolio and securitized the loan last year.

Meridian Capital Group offered financial investment advisory and mortgage brokerage services to Harbor Group, including the placement of $512 countless fixed rate debt with New york city Neighborhood Bank for the remaining 9 properties. Lone Star was represented by Eastdil Guaranteed.

Norfolk, VA-based Harbor Group plans to invest $80 million to update unit interiors, boost residential or commercial property features and improve curb appeal.

Since June 30, 2017, the portfolio posted average occupancy of about 95% up somewhat from completion of 2016.

The 3 largest properties in the portfolio are Howard Crossing in Ellicott City, MD (1,350 units) cost $290.56 million; Gardencrest in Waltham, MA (696 systems) sold for $184.32 million; and Peppertree Farm in Silver Spring, MD (879 units) cost $146.83 million.

For a complete list of residential or commercial properties and sale prices, see CoStar Sales Compensations ID 4067852.

Member of group behind '' The Lion Sleeps Tonight' ' dies

Sunday, Dec. 3, 2017|6:07 a.m.

LOS ANGELES– Mitch Margo, a member of the group behind the hit song “The Lion Sleeps Tonight” in the early 1960s, has actually died at his California house. He was 70.

His family said Margo passed away Nov. 24 in Studio City however did not define the cause.

He was an initial member of the Tokens, the singing group that based their hit on a recording of a Zulu folk tune.

Margo was a high school trainee in Brooklyn when the Tokens formed and tape-recorded the tune. Throughout his profession, he likewise played piano, guitar, bass, drums and percussion, and worked as a producer.

His survivors include his sons, Damien and Ari; a brother, Phil; and a sis, Maxine, as well as nephews and a niece.

His death was reported by the New York Times and the Los Angeles Times.

VEREIT Selling Cole Capital to CIM Group Affiliate for As Much As $200 Million

CEO Rufrano Says Exit from Nontraded REITs Will Enable Greater Concentrate On Net Lease Business

Cole Property Earnings Method (Daily NAV), Inc., among 5 REITs managed by Cole Capital, has obtained numerous retail portfolios and freestanding homes in 2017, including this Wal-Mart shop in Liberty Plaza in Randallstown, MD.

. In a relocate to focus on its realty portfolio, VEREIT, Inc. (NYSE: VER)has agreed to sell nonlisted REIT operator Cole Capital to an affiliate of Los Angeles-based CIM Group, Inc. in a transaction valued at approximately $200 million.

Phoenix-based Cole Capital has $7.6 billion in assets under management and sponsors five public non-traded REITs, including Cole Credit Home Trust IV, Inc., Cole Credit Property Trust V, Inc., Cole Real Estate Earnings Technique (Daily NAV), Inc., Cole Workplace & & Industrial REIT (CCIT II), Inc. and Cole Office & & Industrial REIT (CCIT III), Inc.

. VEREIT may get up to $200 million in the deal, consisted of $120 million money paid at the closing of the sale and as much as $80 million in costs to be paid under a six-year services agreement based upon Cole’s future earnings.

The services agreement needs VEREIT to supply operational realty assistance to Cole Capital, one of the leading sponsors serving independent broker-dealers and signed up investment advisors, for about a year, among other conditions. VEREIT expects the transaction to close at the end of the current quarter or during the very first quarter of 2018.

The deal makes it possible for VEREIT to simplify its company model and focus on its varied single-tenant property portfolio, stated CEO Glenn Rufrano. CIM co-founder and primary Richard Ressler said including net/finance lease offerings would match CIM’s real estate platforms and existing relationships with institutional financiers and retail investors.

CIM Group, an urban real estate and infrastructure fund manager with approximately $18.1 billion of properties under management, was founded in 1994. With headquarters in Los Angeles, CIM operates regional offices in New york city City, Oakland, CA, Bethesda, MD, and Dallas.

While VEREIT had actually not marketed Cole Capital for sale, numerous major organizations anticipating to obtain into the nontraded REIT business approached the business about Cole three months earlier.

“We chose there was a big sufficient group that we would very silently captivate offers,” Rufrano told financiers in a conference call soon after revealing the deal on Monday. “We discovered a scenario where the pricing and the chemistry in between us worked.”

Rufrano, whose previous positions consist of global CEO of Cushman & & Wakefield and president of Australian shopping center owner Centro Properties took over the helm of VEREIT leader American Real estate Capital Residence Inc. (ARCP), after discoveries of accounting improprieties required the departure of ARCP founder Nicholas Schorsch and other senior executives.

In addition to pruning VEREIT’s portfolio and enhancing its balance sheet, one of Rufrano’s primary goals has been to reconstruct the worth and investment-grade status of the Cole Capital brand name.

Rufrano acknowledged to financiers during VEREIT’s latest quarterly earnings conference that the Department of Labor’s new fiduciary guideline has actually created “hiccups” and clearly hurt capital raising for the nontraded REIT sector.

That stated, VEREIT’s success in growing the variety of offering contracts and monetary consultants marketing the nonlisted REITs has actually permitted Cole Capital to increase its sales market share from 4.3% in the very first quarter to 8.3% in the most recent quarter, with Cetera Financial Group resuming the sale of Cole items this year, Rufrano noted.

Citigroup Global Markets Inc. served as the exclusive monetary advisor to VEREIT in the transaction with CIM Group.

Psychologist who endured Las Vegas shooting offers group counseling for concertgoers

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Steve Marcus The Welcome to Las Vegas sign is surrounded by flowers and products, left after the Oct. 1 mass shooting, Monday, Oct. 9, 2017.

Sunday, Nov. 5, 2017|2 a.m.

Shiva Ghaed was among the thousands paying attention to music at the Path 91 Harvest celebration in Las Vegas when a shooter opened fire on the crowd from a close-by hotel suite, killing 58 and injuring more than 500.

She remembers hearing gunshots she at first believed were fireworks and crouching near the side of the phase. Later on, when there was a break in the shooting, she ran with others throughout an open field.

She does not remember the bodies she knows she maneuvered around. She does remember thinking she was going to die.

After the Oct. 1 shooting, Ghaed, 46, flew the home of San Diego where she works as a scientific psychologist. She focuses on injury and anxiety disorders and has counseled active-duty military and veterans.

She understood there were most likely numerous San Diegans who went through the terrible event and she fretted many of them might develop post-traumatic stress disorder, chronic depression or chronic stress and anxiety if they didn’t get aid.

So she decided to lead group counseling sessions as a method to return to her neighborhood.

Starting a week after the occurrence, she started meeting with survivors and family members of those who went to the show.

The group satisfies at 6:30 p.m. Mondays at In Cahoots, a nation dining establishment and bar in Objective Valley. The sessions are open to anybody who needs help coping with the aftermath of the fatal shooting.

Because the first session, 40 to 50 people have actually appeared each week, with about 200 cycling through up until now, Ghaed stated. More than 100 people have also joined a closed Facebook group on the subject.

“I’m trying to get the word out as much as possible,” she said. “Every week I’m speaking with friends of good friends and individuals who have actually run into people who didn’t know about it.”

A few of those who have gone to the sessions were individuals injured in the shooting or hurt while getting away. Some weren’t at the show, but had kids or spouses who participated in the show.

Ghaed is intending to get the word out to anybody who might require assistance– and prepares to run the conferences until there isn’t really a requirement for them. Eventually, when individuals don’t need support, she anticipates it will become a social group.

“I have actually got a task here. My mission is to inform as lots of people as possible to prevent the advancement of PTSD,” Ghaed said. “Mental disorder is so stigmatized still. I’m sort of like in this crusade against the stigma.”

Ghaed said she wants to provide survivors tools to much better cope in the after-effects of the shooting. She advises survivors not to avoid thinking about the massacre but to discuss what took place and to “feel the feelings.”

She stated PTSD develops since of “unhealthy thoughts, unhelpful thoughts and avoidance behaviors,” and it is avoidable.

“I have a strong belief that you start with education,” she said. “People are clever and individuals are resistant. If you provide tools, they seem like they can recuperate.”

Britney Spears, Blue Guy Group, Mike Tyson, Carrot Top and more to take part in Vegas Cares advantage

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Chris Pizzello/ Invision/ AP Britney Spears performs at the 2016 Signboard Music Awards at T-Mobile Arena on Sunday, May 22, 2016, in Las Vegas.

Tuesday, Oct. 24, 2017|11:15 a.m.

. The Venetian Theatre will host Vegas Cares, an all-star benefit program honoring the victims and very first responders of the Route 91 Harvest music festival shooting, on November 5 from 1-4 p.m. Tickets are $30 and can be acquired at any Venetian or Palazzo box office, online at venetian.com or by calling 702-414-9000. Earnings from the benefit will go to a commissioned memorial to be produced by regional artist Tim Bavington.

The lineup of entertainers set up to appear in person or by means of video up until now includes Britney Spears, Mike Tyson, Penn & & Teller, Carrot Top, Blue Man Group, David Copperfield, Humanity, Criss Angel, Lance Burton, Brad Garrett, Clint Holmes, Rich Little, Mercy Music, Earl Turner, Al B. Sure, Tom Green, and cast members from Baz: Star Crossed Love, Dream, Tenors of Rock, the Australian Bee Gees Show, Sexxy, Thunder From Down Under, the Chippendales and Cirque du Soleil productions. Keith Thompson and Bill Fayne will be the musical directors.

UNLV’s Solar Decathlon Group Wins First Place in Innovation Contest, Second Place in Architecture

UNLV’s Team Las Vegas has taken top prizes in two essential contests at the U.S. Department of Energy Solar Decathlon 2017 competition with their Sinatra Living house design. In Development, the student team got 98 from 100 points, ranking first place and beating the second-place group by 5 points. In Architecture, they connected with Washington University in St. Louis for second location with a total of 94 points.

Development and Architecture are two of six juried contests consisted of in the 10-event competitors which runs through October 15, and is occurring in Denver. The additional four contests– Health and Comfort, Appliances, House Life and Energy– are determined contests with final results being calculated on a daily basis and into each team’s final score.

4 of the 10 contest awards have actually been announced so far. The grand reward award winner will be announced Saturday morning. Currently, Team Las Vegas remains in 4th location overall.

For the Innovation contest, new for the competition this year, teams were judged on aspects such as how they included research to pick style solutions, how well the group integrated passive strategies and materials into their design to make the most of sustainability, and the extent to which their design utilized ingenious approaches to please an existing market requirement. Complete criteria for the contest can be discovered at https://www.solardecathlon.gov/2017/competition-contests-innovation.html.”We set out to build a home that was ingenious, yet simple, a

house appropriate to our Las Vegas community both in regards to environment and group,”stated Nasko Balaktchiev, student task supervisor.”The team certainly thought that we performed our principle well, and we’re elated and proud that the judges concurred.”For the Architecture contest, judges examined teams on the principle and style of their house, and how well their

houses integrated solar and energy performance innovations into that style. Complete criteria for the contest can be discovered at: https://www.solardecathlon.gov/2017/competition-contests-architecture.html In addition to a house that mixes design quality with ideal energy efficiency, Sinatra Living was created to fulfill a growing social requirement– aging-in-place. The house combines ease of access and interior convenience with smart home and health-monitoring technologies to assist older adults move safely in their environment, interact with care providers and social services, and ultimately remain in their homes longer. The general public can still reveal support for Group Las Vegas by voting in the Solar Decathlon’s Individuals’s Choice Award. Voting takes place on Facebook at https://poll.fbapp.io/pca.

Online votes are being accepted through Saturday, October 14, 2017. Outcomes will be relayed on Facebook on October 15. The U.S. Department of Energy Solar Decathlon is a college competition comprised of 10 contests that challengetrainee teams to design and build full-size, solar-powered homes. Competing students get hands-on experience and distinct training while consumers experience the current innovations and materials in ingenious energy technologies, wise house solutions, water conservation and sustainable structures. Sinatra Living’s multi-disciplinary team consists of faculty and students from the School of Architecture, the Howard R. Hughes College of Engineering, the School of Allied Health Sciences, and the William F. Harrah College of Hotel Administration. The job is sponsored

by Change and NV Energy Structure. For additional information on the job, follow the group on Facebook at Team Las Vegas Solar Decathlon 2017 (@UNLVSD17 ), on Twitter @UNLVSD17, and on Instagram @UNLVSD17, or visit the Website at www.unlvsd.com.

Gun-control group sues '' bump stock ' maker

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Allen G. Breed/ AP Shooting trainer Frankie McRae aims an AR-15 rifle fitted with a “bump stock” at his 37 PSR Weapon Club in Bunnlevel, N.C., on Wednesday, Oct. 4, 2017.

Group Las Vegas Needs You

Ballot for the Solar Decathlon Individuals’s Choice Award is open, and UNLV’s team needs your assistance.

School News| Oct 9, 2017|By Jason Scavone

Sinatra Living is the UNLV Solar Decathlon team’s 2017 entry. (Team Las Vegas/ UNLVSD.com)

Team Las Vegas has been hard at work for monthsto bring its Sinatra Living, its entry into the 2017 Solar Decathlon competition to life. Now it’s time to assist provide a boost.

The group is presently in Denver for the competition, which goes through Oct. 15. From now up until Saturday, you can vote on the Solar Deacthlon’s Facebook page for individuals’s Choice winner, which will be revealed on the final day of competitors.

Sinatra Living is the result of a group of 25 trainees throughout disciplines from engineering, hotel administration, and architecture to allied health sciences. The focus of your home is on aging-in-place– a house that can be modified to match the requirements of an aging population as the original owners enter their twilight years.

Sponsored by the U.S. Department of Energy, Solar Decathlon chose simply 13 university groups from all over the world, challenging them to complete across 10 categories. UNLV took first amongst American universities in 2013 with its DesertSol home, now on screen at the Las Vegas Spring Preserve.

CoStar Group Announces Pricing of Common Stock Offering

CoStar Group, Inc. (NASDAQ: CSGP)( “CoStar “)revealed today that it has priced an offering of 2,884,616 shares of its typical stock at a price of $260.00 per share.

The company likewise stated it has actually granted the underwriters in the providing a 30-day alternative to purchase up to an extra 432,692 shares of its typical stock at the exact same rate.

J.P. Morgan, Goldman Sachs & & Co., Citigroup, BofA Merrill Lynch, SunTrust Robinson Humphrey and Wells Fargo Securities are functioning as joint-bookrunning supervisors, with Needham & & Business, Stephens Inc., William Blair, JMP Securities, B. Riley & & Co. and Regions Securities LLC acting as co-managers for the offering. The company stated it anticipates the offering to close on October 3, 2017, based on popular closing conditions.

CoStar anticipates to use the net profits of the offering to money all or a portion of the costs of any strategic acquisitions it may pursue in the future, in addition to finance the growth of its company and for working capital and other general business functions.

The shares are being offered pursuant to a reliable rack registration statement that has actually been filed with the United States Securities and Exchange Commission.

Extra Disclosures:

An initial prospectus supplement associated to the offering has actually been filed with the SEC and is available on the SEC’s site at http://www.sec.gov.. Copies of the prospectus supplement and accompanying prospectus connecting to the offering, when readily available, may be obtained from: J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Opportunity, Edgewood, NY 11717 or by telephone at -LRB-866-RRB- 803-9204 or Goldman Sachs & & Co. LLC, Prospectus Department, 200 West Street, New York, NY 10282, telephone at -LRB-866-RRB- 471-2526, facsimile at -LRB-212-RRB- 902-9316 or by emailing prospectus-ny@ny.email.gs.com!.?.!. This press release shall not constitute an offer to offer or the solicitation of an offer to purchase, nor shall there be any sale of these securities in any state or jurisdiction where such offer, solicitation or sale would be illegal previous to registration or credentials under the securities laws of any such state or jurisdiction. The offering of these securities will be made just by means of the prospectus supplement and the accompanying prospectus.