Tag Archives: leaders

Young leaders guarantee our future remains in good hands

Leaders should set unifying example

Friday, March 9, 2018|2 a.m.

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I viewed and listened to the president’s CPAC speech and was embarrassed understanding that the speech was being transmitted to the world. He was insulting, self-serving and dissentious. The nation does not need more Republican politicians like Donald Trump. It needs a president, lawmakers, Republicans, Democrats and Independents who enjoy this country and will work to join it.

I opened the paper Feb. 24 to see a Nevada senator, with a huge smile, beside Trump. The heading checked out “Heller warming to Trump prior to objected to primary.” Wow, sad!

Fremont Street canopy program need to be round-the-clock draw, leaders state

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Steve Marcus A live feed of the New Year’s event in New York City is displayed on the Viva Vision canopy over the Fremont Street Experience in downtown Las Vegas, Sunday, Dec. 31, 2017.

Wednesday, Feb. 7, 2018|2 a.m.

. The Viva Vision light program above the Fremont Street Experience might become more than a popular nighttime attraction. If city leaders have their method, those regular nighttime programs on the video canopy will take place all the time.

Las Vegas will request a $9.5 million grant from the Las Vegas Convention and Visitors Authority at today’s city council conference for upgrading the video canopy. The proposition would allow for a 24-hour destination.

The proposition calls for the city, LVCVA and Fremont Street Experience to collaborate on the 1,500-foot long, 90-foot broad video screen that is suspended 90 feet above the pedestrian shopping center.

“We want to make the Viva Vision canopy upgraded so you can see it 24/7 instead of actually just being able to see it at night,” Las Vegas Mayor Carolyn Goodman stated. “Whatever in innovation keeps getting better.”

Goodman stated preliminary strategies call for the capability for visitors to take part with the video canopy, including with their smartphones. It might be finished by the start of 2020.

“It actually is unique, an one-of-a-kind worldwide and we’re so fired up, and it brings people downtown,” Goodman said. “We’re seeking to update the whole system.”

The enhancements– which could include modifications to the 12.5 million LED lights and 550,000-watt sound system– are meant to bring more visitors to downtown, said Patrick Hughes, president and CEO of Fremont Street Experience.

“We’re wanting to take what is now one-dimensional and produce a new, floor-to-ceiling, interactive experience that will separate us from the rest of the world,” Hughes said. “Ultimately, the goal is to go beyond the expectations of visitors in downtown Las Vegas and supply the best possible experience with continuously live entertainment and first-rate video gaming and dining.”

French, Polish leaders satisfy to repair strained ties

Thursday, Nov. 23, 2017|5:45 a.m.

PARIS– French president Emmanuel Macron is hosting Poland’s prime minister for talks varying from Europe’s security to workers published by their company in another country, a controversial concern in between the two European Union countries.

Bilateral ties are tense after Poland canceled a major offer to purchase French-made helicopters and after Macron slammed the government of Prime Minister Beata Szydlo and bypassed Poland throughout a visit to the region in the summertime.

Macron offered Szydlo a warm welcome at the Elysee Palace on Thursday. Their talks are to include terms for employees from Eastern Europe working in richer EU countries; defense cooperation and armaments; the future of the EU after Britain leaves the 28-member bloc; and Poland’s issues over Russia’s plans for a 2nd gas pipeline on the Baltic Sea bed.

Tax Reform Costs Draws Mindful Assistance from CRE Industry Leaders

Proposal Maintains 1031 Exchanges, Interest Reduction, However Housing Groups Worred About Influence On Residential Markets


From right, House Ways and Ways Chairman Kevin Brady (R-TX), Tax Policy Subcommittee Chairman Peter Roskam (R-IL) and Roundtable President and CEO Jeffrey DeBoer conference during The Roundtable’s fall meeting in Washington, D.C. on Oct. 3.

Credit: Realty Roundtable

CRE industry leaders who fretted that the biggest reword of the United States tax code in more than three years would eliminate like-kind 1031 exchange deals or reduce the capability of services to cross out interest and financial obligation expenses breathed a collective sigh of relief last week after House Republican politician leaders detailed the significant elements of their long-awaited bill.

The Tax Cuts and Jobs Act (H.R. 1), released last week by the U.S. Legislature Ways and Method Committee, also maintains existing rules for crossing out depreciation of business residential or commercial property, while minimizing the tax problem on all services.

Realty Roundtable President and CEO Jeffrey DeBoer, who led efforts to keep those arrangements, said the proposed costs, by lowering barriers to private-sector capital development and service financial investment, “will boost financial demand and job development.”

“If the last bill resembles the one introduced today, our market will put more people to work improving and enhancing existing properties – office complex, shopping mall, homes, commercial residential or commercial properties – to meet the altering and growing needs of American organisations and consumers,” DeBoer said in a statement.

The proposition lowers the business tax rate from 35% to 20% for tax years starting after 2017 and reverses the corporate alternative minimum tax.

The legislation offers an unique optimum 25% tax rate on ordinary income that would use to the “certified service earnings” of individuals engaged in business activities through sole proprietorships, tax partnerships and S corporations. Organisation earnings not qualifying as such would stay based on the normal ordinary earnings tax rate.

Current law typically deals with those entities as “pass-through” entities subject to tax at the owner or shareholder level. Earnings earned by a specific owner or shareholder of one of these entities is reported on the individual’s income tax return and undergoes regular earnings tax rates approximately the top individual marginal rate of 39.6%.

In a bulletin, the CRE Finance Council (CREFC) described the retention of interest reduction, 1031 exchanges and existing cost recovery and devaluation rules as “significant actions in the advocacy effort to allow for ongoing CRE market liquidity and supply/demand balance.”

While CREFC stays hesitant that House management can fulfill its aggressive goal of getting the bill to the Senate prior to the Thanksgiving vacation due to its size and complexity, the group anticipates a flurry of Congressional activity up till the holiday.

“We caution that unpredictability will be the order of the day up until the costs either advances to the Senate (which is working on its own legislation) or gets stymied by member opposition,” the group stated.

The U.S. apartment or condo market’s primary lobbying groups, the National Multifamily Housing Council (NMHC) and National Apartment Association (NAA), stated that while they are still examining the legislation, the proposal as composed “seeks to motivate economic development and task creation.”

“Critically, the Tax Cuts and Jobs Act would maintain interest deductibility, like-kind exchanges and other arrangements important to the house market,” the groups stated in a joint declaration.

NMHC/NAA stated it would deal with legislators to safeguard those arrangements and others, including the capital gains treatment of carried interest and the Low-Income Real Estate Tax Credit (LIHTC), throughout the “long procedure ahead prior to tax reform ends up being law.”

While capital markets, CRE and small-business interests usually lauded the proposition, the property real estate and mortgage market pointed out serious issues about how the arrangements will impact U.S. real estate markets, consisting of the production of economical real estate.

“We believe that the proposed changes to the home loan interest reduction, deductibility of state and regional real estate taxes and the exemption for capital gains treatment when families offer their principal residence would have a negative impact on the real estate market and potentially the nationwide economy as a whole,” said David H. Stevens, president and CEO of the Home Loan Bankers Association (MBA). “We are also worried about the prospective effect of certain provisions on the production of economical housing, which is essential.”

Office Lease Up (August 21) Travel Leaders Group Inks 105,892-SF Lease at 1633 Broadway

Weekly Wrap-Up of Largest Reported Workplace Leases Include Offers by Bates White, WeWork, The Earnings Group, SAP and more

Travel Leaders Group has signed a lease to inhabit 105,892 square feet at 1633 Broadway in New york city City.

The biggest travel agency in the United States, Travel Leaders Group will occupy the entire 35th and 36th floorings on a 10-year deal slated to commence in Q1 2018.

The CBRE team of Patrice Meagher, Paul Amrich, Howard Fiddle, Emily Jones and Robert Hill brokered the lease on behalf of the property manager, Paramount Group. By Daniel Griffin

Bates White Most current to Sign On at Alexander Court Redevelopment

Bates White has
signed a multi-year offer for 84,325 square feet in the North structure at Rockrose Advancement and Spitzer Enterprises’ Alexander Court redevelopment in downtown Washington, D.C.

Located at 2000 L St., the 552,477-square-foot, 13-story office complex is being redeveloped in addition to 2001 K St. NW to form Alexander Court, a brand-new prize office development situated 2 blocks east of Washington Circle near D.C.’s West End.

Kevin Howard of CBRE worked out the lease on behalf of Bates White, while William Stern and Greg Tomasso of Avison Young represented ownership. By Sean Freeman

WeWork Picks One Glenwood Development for First Raleigh Area

WeWork will open its very first area in Raleigh and its 2nd in the Carolinas after the shared workplace company
signed a lease for 81,032 square feet at Heritage Properties’ suggested One Glenwood project in west Raleigh.

The New York City-based business will occupy floors 3 through 5 of the $86 million project, which is set up to break ground later on this month at the corner of Glenwood Ave. and Hillsborough St. and provide in Q4 2018.

William Allen and Alex Dunn of Trinity Partners represented Heritage Characteristic in settlements, while Jason High and John Daly of CBRE brokered the deal doe WeWork. By Brian Hobson

The Income Group Leases 69,223 SF in Midtown Cleveland

The Income Group, a balance dues management business,
signed a lease for 69,223 square feet in the office building at 3711 Chester Ave. in Cleveland, OH.

The two-story building overalls 100,395 square feet in Midtown. The property’s previous owner, Dealership Tire, vacated the residential or commercial property in early 2017.

The property’s present owner, IRG Real estate Advisers (IRG RA), brokered the offer in-house. By Michele Turner

SAP Leases 43,800 SF in Hines/Cousins’ 8000 Avalon Workplace Tower

SAP, a leading provider of enterprise software,
signed a 10-year lease to take around 43,800 square feet at 8000 Avalon in North Atlanta.

Houston-based Hines and Atlanta-based realty financial investment trust Cousins Residence (NYSE: CUZ) co-developed the 228,182-square-foot, nine-story office midrise as part of The Avalon mixed-use advancement. SAP’s lease beings 8000 Avalon to 93% leased.

Gregg Metcalf, Tim McCarthy and Ryan Fetz of JLL represented SAP in lease settlements. By Brittany Thomas

Homrich Berg Picks Three Alliance Center for Corporate Headquarters

Homrich Berg has
finalized an offer that will see the wealth management company move its headquarters to 26,126 square feet at the brand name new Three Alliance Center tower in Upper Buckhead.

For the last 25 years, Homrich Berg had actually preserved its head office at neighboring One Buckhead Plaza. The new location will keep the firm on the Georgia 400 passage and continue to supply MARTA rail access while providing expanded space to accommodate business development.

Chis Ahrenkiel worked out the Homrich Berg lease in-house on behalf of 3 Alliance Center owner, Tishman Speyer. By Bryce Meyers

Storm8 Subleases 24,192 SF in Bayshore Tech Park

Mobile social video game designer Storm8 has
subleased 24,192 square feet at 2400 Bridge Pky. in Redwood City, CA.

The 48,384-square-foot, two-story office building lies southeast of San Francisco within the Bayshore Innovation Park in the Foster City/Redwood Shores submarket.

Jay Sternberg and Paul McManus of Colliers International represented Storm8, while Luke Wilson and Grant Zamudio, also of Colliers International, represented the sublessor. By Eric Kies

Mercury Insurance coverage Inks Offer at NW San Antonio Residential or commercial property

Mercury Insurance (NYSE:
MCY), a multiple-line insurance organization locateded in Los Angeles, reached a deal to rent 22,317 square feet of office space at 4500 Lockhill-Selma Rd. in San Antonio, TX.

The 107,726-square-foot, two-story building was finished in 2006 just southeast of the I-10/ N. Loop 1604 West interchange in the Northwest submarket.

David Held and Albert McNeel of Endura Advisory Group handled lease negotiations on behalf of the owner, Southwest Organisation Corp. Gary Goodgame of Corporate Realty Associates represented Mercury Insurance. By Andrea Lawson

Nelson & & Kennard Leases 21,507 SF in McClellan Park

Nelson & & Kennard, a law office focusing on debt collection, has
signed a five-year lease for 21,507 square feet in the office complex at 5011-G Dudley Blvd. in McClellan, CA.

Nelson & & Kennard is slated to move into the 159,285-square-foot, single-story building in January 2018 after the property is developed out into 100% office space.

John Knauer of McClellan Park, LLC represented the property manager in-house. By Lyssa Woo

Morgan Stanley Consents to Lease Renewal at Drake Pointe

New york city City-based worldwide monetary services firm Morgan Stanley (NYSE:
MS) has renewed its 17,244-square-foot lease at 35055 W. 12 Mile Rd. in Farmington Hills, MI. Called Drake Pointe, the two-story, 68,100-square-foot office building was constructed in 1984

in the Farmington/Farm Hills submarket and last refurbished in 1996. According to CoStar details, Morgan Stanley has maintained a workplace in the building given that 1997. Representatives with JLL represented Morgan Stanley in the deal while building owner Promanas Group was represented in-house. By Delphine Thomas UMB Bank Indications Deal at 777 Main for Flagship Office UMB Bank has signed a 10-year lease at 777 Main in downtown Fort Worth, TX where the company will develop a new flagship office. A varied financial holding company and subsidiary of Kansas City-based UMB Financial Corp (NYSE: UMBF), UMB Bank will occupy 19,000 square feet on the 5th flooring presently inhabited by Frost Bank. The deal consists of 12,000 square feet of office and a 7,000-square-foot lobby, in addition to outside signage. Mike Gosslee and Jay Holland of Cushman & Wakefield represented the renter. It appears that the property manager was self-represented. By LaShawnda Sharp Verizon to Open New Office in Guv’s Hill Transnational communications huge Verizon (NYSE: VZ )has signed a lease for 14,352 square feet in the office complex at 8800 Governor’s Hill Rd. in Cincinnati, OH. The two-story structure totaling 28,704 square feet was built in 1984 about 20 miles northeast of Cincinnati in the Guv’s Hill office park. John Eckert and Scott Yards of CBRE represented the property owner in settlements. By Jessy Gendelman College Football Playoff Extends HQ Lease Through 2024 The College Football Playoff( CFP) has< a href=" http://www.costar.com/News/Article/College-Football-Playoff-Extends-HQ-Lease-Through-2024/193363

” target =” _ blank “> negotiated a long-term deal with
Gemini Rosemont Commercial Property to maintain its corporate workplaces at The Top at Las Colinas in Irving, TX. CFP, the company that picks the matchups for Division I college football’s BCS
bowl games, has actually been locateded at 545 E. John Carpenter Fwy. given that 2013. With the renewal, CFP will stay in its 10,228-square-foot offices through 2024

. Kirby White of Rosemont Realty represented Gemini Rosemont in settlements, while Peery Wood of CBRE represented CFP. By Fran Koerner

Valley leaders decry hate, require addition in wake of mayhem in Charlottesville

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< img

class= “photograph” src =” /wp-content/uploads/2017/08/0820InterfaithVigil08_t653.JPG” alt= “Image”/ > Steve Marcus People hold manages throughout an interfaith Peace and Unity Vigil at the First AME Church in North Las Vegas Sunday, Aug. 20, 2017. From left are Marla Letizia and Karin Sporm of Jewish Nevada, and Anti-Defamation League ( ADL) Nevada

From the Sun archives

Interfaith Peace and Unity Vigil Release slideshow” They held lit candles and raised their hands together in prayer. Numerous faith

leaders, politicians and community members, many from different backgrounds and faiths, collected today at a historical North Las Vegas church to call for inclusion in response to recent acts of hate throughout the United States. “We ought to not be comfortable here today,”said U.S. Congresswoman Jacky Rosen, D-Las Vegas, initially African Methodist Episcopal Church in North Las Vegas.” We will never ever enable our nation to be taken off by hate and bigotry.”About 20 Southern Nevada religious leaders and politicians spoke at Sunday’s occasion, which was gone to by about 400. The message of unity and peace was

in response to recently’s events nationally, starting in Charlottesville, Virginia, when 32-year-old Heather Heyer was eliminated and 19 other anti-fascist protesters were hurt after Nazi sympathizer James Alex Fields Jr. allegedly plowed his car into a crowd of the tranquil protestors throughout a white supremacist rally. While Charlottesville became a focal area of protests and riots following its city board’s choice to remove an enduring statue of Civil War period Confederate General Robert E. Lee at a main city park, organizers and guests at today’s peace event were determined to make sure Las Vegas doesn’t end up being a future sight of such occasions. Steve Marcus A woman distribute sticker labels prior to an interfaith Peace and Unity Vigil at the First AME Church in North Las Vegas Sunday, Aug. 20, 2017. The Anti-Defamation League and First AME Church sponsored the event.”Las Vegas is, and always will be, no location for hate,”said Jolie Brislin,

the local Anti-Defamation League Director. Earlier this year, the valley was one of several areas across the country to succumb to a record-setting rash of anti-Semitic acts of hate, that included bomb hazards to Jewish recreation center and

Nazi graffiti, to name a few hazards following the election of President Donald Trump. While authorities found and charged an Israeli-American teen in March for managing the lion’s share of the 150 such bomb risks, the promotion sparked by the teenager’s actions and”extraordinary “risks on the Jewish community empowered the alt-right to hold occasions like recently’s in Charlottesville, the speakers at Sunday’s event stated.”Mr. Trump,

we are all bros and sisters,” stated Gard Jameson of the Interfaith Council of Southern Nevada.”There is a charm in the variety of production.” The call to action, echoed by Roman Catholic Diocese of Las Vegas Bishop Joseph Pepe, Rabbi Malcolm Cohen of Temple Sinai and Imam Hanafi Shakur of Mosque As-Sabur Mosque to name a few leaders, urged those in attendance to proactively combat hate

by vocalizing dissent and speaking up against racism and bigotry. Silence and neglect for such instances, whether on national scale like Charlottesville, or something as

small as a comment made in the house, “advantages the oppressor, not the victim.”Brislin, resisting tears while speaking at the modify, mentioned the deaths of Heyer in addition to Virginia state authorities Lt. H. Jay Cullen and Cannon fodder Berke M. M. Bates– who died when their helicopter, supervising the demonstrations, crashed– as those whose traditions will help the reason for addition and equality.”They offered so much to combat this kind of hate,”she said.”Now it’s our turn.”

Amtrak, Chicago Leaders Pick Developer for $1 Billion Union Station Redevelopment

Chicago and Amtrak officials have actually tapped Riverside Investment & & Advancement Co. to serve as master developer for a massive restoration and growth of Chicago Union Station in addition to properties owned by the passenger railway service surrounding the mostly underground center.

The $1 billion+ project to remake the nation’s third-busiest rail terminal will total out at about 3.1 million square feet at complete build-out. Building and construction, which is expected to start in mid-2018, is expected to produce 7,500 jobs and extra 7,000-8,000 long-term tasks.

The very first phase will include 110,000 square feet of retail with a brand-new food hall, 100,000 square feet of workplace, a proposed hotel above the terminal’s iconic 110-foot-high “Great Hall” and 2 12-story property towers.

“The comprehensive preparation procedure with Amtrak and the many partners associated with this historical venture will guarantee this plan produces the greatest economic effect and advantages the entire region and country,” said Chicago Mayor Rahm Emanuel, in a joint statement with Amtrak Chief Executive Wick Moorman.

Moorman kept in mind that the National Railroad Passenger Corp., much better known as Amtrak, has a history of initiating realty advancements around the nation to create profits streams for improving facilities and investing in its core transit company. The master development becomes part of a bigger business program to take advantage of the considerable Amtrak property portfolio, which likewise includes stations in New york city City, Philadelphia, Baltimore and Washington, D.C.

. The principle proposed by Riverside Investment, in addition to co-developer and venture partner Convexity Properties/DRW Cos., includes three stages to be completed in about six years, consisting of improved street entrances and pedestrian areas getting in and leaving the station simply outside Chicago Loop.

The second stage will consist of two 750,000-square-foot workplace towers with ground floor retail and approximately 800 parking areas, with a third phase consisting of a plaza and tower at the southeast corner of Jackson and Canal streets, amounting to 500,000 square feet of retail and residential area.

The Amtrak Board of Directors today authorized the classification of the master development group led by Riverside, helped by KPMG, AECOM and Savills Studley. The board also authorized completing financial settlements with Riverside by the end of the year.

“Adapting such an iconic structure and transportation hub that serves many is an obligation we take really seriously,” stated John O’Donnell, CEO of Riverside Financial investment. “This will be a transformative job for the West Loop and the city.”

Reid contacts leaders to reconsider UNLV mascot, nickname

LAS VEGAS (FOX5) –

Speaking to press reporters in Washington Tuesday, Sen. Harry Reid gotten in touch with Nevada higher education officials to think about changing the University of Nevada, Las Vegas’ mascot and sports nickname.

The statements followed a shooting in South Carolina that declared nine lives triggered argument about screens of the Confederacy.

On the school of UNLV Tuesday, it was challenging to find anybody who believes the mascot, Hey Reb!, need to be changed.

“What took place over there is a disaster obviously, however exactly what’s happening right here on campus is what’s happening on campus. Go Rebels,” student Billy Watts said.

“I do not think their mascot has anything to do with the disaster that’s going on in South Carolina or anything like that. People are taking this things to a new level it does not have to go to,” student Amanda Spang stated.

Tony Allen, with UNLV’s Office of Media Relations, on Tuesday provided the following statement:

“UNLV’s present mascot, Hey Reb!, was developed in 1982 by late regional artist Mike Miller and was inspired by western trailblazers of the 1800s. It was planned to be reflective of western independence and spirit and has turneded into one of the most precious mascots in college sports.

The university’s initial mascot, Beauregard, was eliminated in the 1970s when students approached the university administration and voted to remove the Confederate-themed mascot however maintain the Rebels name.”

FOX5 talked to one student who thinks modification is required.

“I believe the mascot for UNLV can absolutely be reassessed, I believe. I seem like we can go in a much better instructions than the Runnin’ Rebels, specifically due to the Charleston circumstance,” senior Maurice Palmer said.

Nevada Rep. Joe Heck responded to Reid’s statements by saying the mascot has been in place considering that 1983 and is not connected to the Civil War, the Confederacy or slavery.

Copyright 2015 KVVU (KVVU Broadcasting Corporation). All rights reserved.

Reid contacts leaders to consider change to UNLV mascot, nickname

LAS VEGAS (FOX5) –

Talking with press reporters in Washington Tuesday, Sen. Harry Reid gotten in touch with Nevada college authorities to think about altering the University of Nevada, Las Vegas’ mascot and sports nickname.

The statements came after a shooting in South Carolina that declared nine lives triggered dispute about displays of the Confederacy.

On the campus of UNLV Tuesday, it was tough to discover any individual who believes the mascot, Hey Reb!, ought to be changed.

“What occurred over there is a disaster naturally, but what’s happening right here on school is what’s happening on campus. Go Rebels,” student Billy Watts stated.

“I do not believe their mascot has anything to do with the disaster that’s going on in South Carolina or anything like that. Individuals are taking this stuff to a brand-new level it doesn’t have to go to,” student Amanda Spang stated.

Tony Allen, with UNLV’s Workplace of Media Relations, on Tuesday provided the following statement:

“UNLV’s existing mascot, Hey Reb!, was produced in 1982 by late regional artist Mike Miller and was motivated by western pioneers of the 1800s. It was planned to be reflective of western self-reliance and spirit and has actually turneded into one of the most beloved mascots in college athletics.

The university’s initial mascot, Beauregard, was eliminated in the 1970s when students approached the university administration and voted to eliminate the Confederate-themed mascot but retain the Rebels name.”

FOX5 spoke to one student who believes change is required.

“I think the mascot for UNLV can definitely be reassessed, I believe. I seem like we can enter a better direction than the Runnin’ Rebels, particularly because of the Charleston situation,” senior Maurice Palmer said.

Nevada Rep. Joe Heck reacted to Reid’s statements by stating the mascot has actually remained in location considering that 1983 and is not associated with the Civil War, the Confederacy or slavery.

Copyright 2015 KVVU (KVVU Broadcasting Corporation). All rights reserved.