Tag Archives: million

After protest, Mark Wahlberg contributes $1.5 million movie charge

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Assocaited Press This image released by Sony Pictures shows Michelle Williams, left, and Mark Wahlberg in TriStar Pictures’ “All The cash worldwide.” After an outcry over a substantial disparity in pay with Williams, Wahlberg has accepted donate the $1.5 million he earned for reshoots on the movie to the anti-sexual misconduct initiative Time’s Up, in Williams’ name.

Saturday, Jan. 13, 2018|9:56 p.m.

NEW YORK– Following an outcry over a significant variation in pay between co-stars, Mark Wahlberg concurred Saturday to donate the $1.5 million he made for reshoots for “All the Money in the World” to the sexual misbehavior defense initiative Time’s Up.

Wahlberg said he’ll contribute the cash in the name of his co-star, Michelle Williams, who apparently made less than $1,000 on the reshoots.

“I 100% assistance the defend reasonable pay,” Wahlberg stated in a declaration.

Williams released a statement Saturday, saying: “Today isn’t really about me. My fellow actresses waited me and defended me, my activist buddies taught me to use my voice, and the most powerful males in charge, they listened and they acted.”

She noted that “it takes equivalent effort and sacrifice” to make a movie.

“Today is one of the most enduring days of my life due to the fact that of Mark Wahlberg, WME (William Morris Venture) and a neighborhood of females and males who share in this accomplishment.”

Wahlberg and his company, William Morris Undertaking, contributed $2 million to #Time’sUp, the legal defense fund founded in action to the #MeToo motion.

The announcement Saturday came after directors and stars, consisting of Jessica Chastain and Judd Apatow, shared their shock at reports of the huge pay disparity for the Ridley Scott movie. The 10 days of reshoots were essential after Kevin Spacey was changed by Christopher Plummer when allegations of sexual misbehavior surfaced versus Spacey. U.S.A Today reported Williams was paid less than $1,000 for the 10 days.

Both Williams and Plummer were nominated for Golden Globes for their performances.

William Morris Venture said in a statement that wage disparity discussions need to continue and “we are dedicated to being part of the option.”

1 winning ticket offered in $450 million Mega Millions drawing

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Gerry Broome/ AP In this July 1, 2016, file picture, Mega Millions lottery tickets rest on a counter at a Pilot travel center near Burlington, N.C. The prize for the Mega Millions lotto video game has reached over $450 million, just hours before the illustration, Friday, Jan. 5, 2018.

Friday, Jan. 5, 2018|11:47 p.m.

DES MOINES, Iowa– One Mega Millions ticket matched all 6 numbers and will claim a $450 million grand reward.

The winning numbers drawn Friday night to claim the nation’s 10th biggest prize were 28-30-39-59-70-10.

It was not immediately understood where the winning ticket was offered.

Lottery game authorities also increased the jackpot of Powerball, the other national lottery game, to $570 million. That illustration is Saturday night.

The jackpots describe the annuity choices for both games, in which payments are made over 29 years. A lot of winners opt for cash choices, which would be $281 million for Mega Millions and $358.5 million for Powerball.

The odds of winning the Mega Millions jackpot are one in 302.5 million. Powerball odds are one in 292.2 million.

South Point giving $1 million in perks, mentions tax reform costs

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Picture courtesy South Point The South Point Hotel, Gambling Establishment and Health Club, 9777 S Las Vegas Blvd.

. The South Point has joined the list of companies handing out benefits after passage of the Trump administration’s tax reform costs.

The gambling establishment launched a declaration today stating it was providing more than $1 million in bonus offers for 2017 to its employees, doubling the amount of perks for 2016.

The business also said it would be rescinding a scheduled boost in the share of medical insurance expenses paid by staff members.

“Las Vegas has actually experienced a significant amount of development over the previous few years, and this tax reform will continue to drive the economy for the city,” owner Michael Gaughan said in the statement. “The new expense will have a significant impact on our economy and, in turn, our residential or commercial property. We want to be sure that our extended family is taken care of.”

Quickly after the tax bill was passed, a variety of big corporations announced they would be handing out previously unscheduled bonuses.

According to reports, AT&T, Boeing, Wells Fargo, Comcast, and 5th 3rd Bancorp all decided to provide perks in the wake of the passage of the tax reform bill.

The $6 million guys: Raiders get big discount on Henderson land

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Eric Christian Smith/ AP Oakland Raiders owner Mark Davis speaks to the media at the NFL meetings, Wednesday, Oct. 19, 2016, in Houston.

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Initially, they convinced Nevada legislators to devote the largest public aid in American history towards their brand-new $1.9 billion arena and practice center.

Now the Raiders encouraged the Henderson City board to shave $6.05 million off the $12.1 market price of 55 acres of land to build that practice field and home office near the city’s executive airport.

In both cases, the team’s winning argument in favor of business aid reads the same: The return you gain will be worth the dollars you sow.

Henderson’s council voted unanimously on Tuesday night to move on toward a directed sale of land to the Raiders, a choice that allows city authorities to use a Nevada law permitting no-bid sales at under-market prices when they consider it in the public interest.

“I think this is a huge roi for the investment the city of Henderson is making,” Henderson Mayor Debra March stated before the vote.

The Raiders prepare to invest as much as $75 million to build their head office on the substantial parcel off St. Rose Parkway near the M Resort. The team’s oft-cited spending plan consists of $1.8 billion for its 65,000-seat domed stadium at Interstate 15 and Russell Roadway, and $100 million for its home office. Nevada’s $750 million taxpayer financial investment evolved from those price quotes.

City Councilman John Marz said the schedule of that land for sale by the city needed years of work, starting with scrapped prepare for mixed-use development and stopped working efforts to build houses that would have been too near the executive airport’s flight path. The city worked out land swaps with previous house developers for infill parcels in other Henderson areas to put together that 55-acre parcel within a location of 600 acres slated for workplace and industrial usage.

“We have actually been client with this piece of land,” Marz said. “It’s not like we had to provide it away. We have actually had individuals thinking about it, however not the type of business that we desired there. When the Raiders came knocking on our door, we said this is our golden chance.”

Marz said previous queries would have resulted in storage facilities on the land.

If the sale gets final council approval in February, the Raiders will pay approximately $110,000 per acre for the land. The team in May paid $77.5 million for 62 acres– $1.25 million per acre– to personal owners for its arena site, though that parcel beings in a much more desirable location nearby to the Strip. The preliminary asking price for that land was $100 million.

Asked if the city initially used the discounted rate or if the Raiders asked for the half-price offer, Marz said, “It was a settlement. Obviously they asked, much like everybody else asked.”

That settlement advanced well, Marz stated.

“It was a win-win. The devils are in the details, and so some of those things with their lawyers in California got a bit sticky, however not contentious,” Marz stated. “Overall, we agreed right away exactly what was good for them and exactly what was good for us.”

City staff provided to the council estimates of the facility’s impact on Henderson’s economy. Their presentation competes similar tasks generate about $210 countless tax effect over 10 years as soon as totally constructed. Additional costs on some of the city’s 5,000 hotel rooms by visitors and group clients could generate included profits as well, said Barbra Coffee, the city’s director of financial development/tourism.

March likewise pointed out that Henderson will begin gathering property tax on the land, which it obviously has actually not while owned by the city.

The group prepares to develop 250 nonplaying jobs stationed at the head office, though much of those positions could be filled by staff members transferring from the current Raiders home in Alameda, Calif. Raiders arena consultant Don Webb said the center will have to be completed by spring 2020 to accommodate team personnel preparing for the upcoming NFL season later on that year.

Marz anticipates the facility jump-starting advancement in surrounding areas of west Henderson, long an objective of the city’s economic strategy.

“We’re visiting market go there, we’re visiting home offices there,” Marz stated. “The Raiders are going to be a magnet.”

Webb, who declined to respond to media concerns following the conference, said in his address to the council that the group’s Las Vegas-based arena represents only part of its root structure in the region.

“That’s where the video games will be played, however that won’t be the house of the Raiders,” Webb said. “The home of the Raiders will be in Henderson.”

A look inside: Strip’s glamour instills UNLV’s brand-new $60 million hotel college

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L.E. Baskow Exterior of UNLV’s William F. Harrah College of Hospitality’s brand-new structure called Hospitality Hall on Thursday, Dec. 21, 2017. L.E. Baskow By )

Friday, Dec. 22, 2017|2 a.m.

UNLV Hospitality Hall Introduce slideshow” UNLV’s newest structure provides its world-renowned Harrah’s College of

Hospitality a first-rate center. The modern-industrial design interior is designed to feel like you are in one of the properties on the Las Vegas Strip due to the fact that university authorities wanted trainees to seem like they remained in the environment they are preparing to work in. The 93,500 square-foot,$ 60 million Hospitality Hall opens next month for the spring term. “If you consider the hospitality market it’s not so much a job as it is a lifestyle, “stated Stowe Shoemaker,

dean of the College of Hospitality.”So we wanted to develop an environment that simulates the outside. Let’s develop a space that mirrors the area of a hotel like you’re working on the Strip. “This is obvious when strolling in the front door into the Caesars Lobby, as the high-end, modern furniture and winding wood staircase leading to the 2nd floor is as excellent as any hotel casino a couple of miles away. An oil on acrylic painting by restaurateur Phil Romano, of Macaroni Grill popularity, is set to be positioned in the lobby. Toward the back of the building is a winding staircase to each of the four floorings, with a classic piece of Las Vegas art on each floor.

The building was paid for by a split of donations and state funds. So, rather of one name on the building, each of the major

donors, which represented more than$ 24 countless the funding, will embellish different areas of the structure. The four-level structure functions learning, meeting and office and an advanced kitchen. Hospitality Hall brings all trainee services onto one floor, instead of having them scattered throughout their previous home at Frank and Estella Beam Hall. Every class is convertible and features interactive components to boost the learning experience. To encourage trainee and educator interaction, trainer workplaces are located near their class, with student gathering locations in between, to increase the opportunities that outside the classroom interaction occurs.”There is a lot of possibility for kids to communicate, “Shoemaker said. Located on the first flooring is UNLV’s PGA Golf Management program, which brings its entire program from numerous buildings

into one space. The space features a golf retail store open up to anyone, class, swing simulator that features several various courses and an outside putting green. To assist learn exactly what makes a successful golfer there is a biomechanics laboratory that will enable trainees to examine gamer motions. The space also includes a club repair work laboratory where trainees find out ways to assemble and dismantle golf clubs, which is a standard requirement of golf pros at courses.”It’s truly devoted to comprehending the golf swing how it works, why it works and exactly what the best gamers in the world do,”stated Kyle Helms, assistant director and internship organizer for the PGA program. The program will work with the UNLV golf

group to help them with their game, while they analyze and gather information to utilize in their instruction. The student-run MGM Resorts International Cafe and Plaza lies simply after the lobby, which provides trainees who don’t want to take a trip

off campus to deal with alternative to have a hospitality-oriented job where they study. Additionally, employment opportunities are offered trainees through on-campus catering. Approximately the 4th floor the J. Willard and Alice S. Marriott Structure executive kitchen has 10 cooking stations for trainees, divided up with five on each side of the space, and one presentation station for trainers

which has a video camera over it. The demonstration station is shown on 5 flat screen televisions between each of the five stations so trainees can follow their trainer’s lead. Welbilt donated much of the kitchen devices that’s consisted of in the executive kitchen.” The chef is cooking and they will be able to see all the action on there,”Shoemaker said.”We might do our own Food Network program. “The kitchen area leads the outside Engelstad Household Foundation event terrace that has a Strip view, which offers a prime area to hold unique occasions that would work as a fundraising event for the college.

“We are planning on having a New Year’s Eve occasion next year, where the trainees will prepare and serve all the food,”Shoemaker stated.”

You might celebrate here and watch all the fireworks on the Strip. With so much emphasis being put on the drink industry in Las Vegas, the school includes the Southern Glazer’s Wine and Spirit drink academy. The

large, open class features a bar where students can get hands on experience while they fulfill their requirements.” We believe that drink operations should have its own track, “Shoemaker said.

“Drink is driving the business today. It’s about the experience.”The building is built to display Las Vegas, that includes Shoemaker’s office, which likewise has a prime Las Vegas Boulevard view.”If I’m speaking with donors, moms and dads or possible students, we’re so

tied into the Strip and they’re looking out and seeing it,” he stated. “Again, it’s an indicate highlight what we’re doing here.”

Blackstone REIT Purchasing 22 Million-SF Industrial Portfolio for $1.8 Billion


4500 Northpoint Drive in the Dallas market was one of Cabot Industrial Value Fund IV very first purchases.

In exactly what would total up to its largest purchase considering that its development in the summer season of 2016, The Blackstone Group’s non-traded REIT, Blackstone Realty Income Trust Inc., has actually struck a deal to obtain a 22 million-square-foot commercial portfolio from Cabot Industrial Worth Fund IV for $1.8 billion.

The portfolio consists of 146 commercial homes primarily focused in Chicago and consisting of 18% of the portfolio’s base rent). Other holdings are located in Dallas (12%), Baltimore/Washington DC (12%), Los Angeles/Inland Empire (7%), South/Central Florida (7%), New Jersey (7%) and Denver (6%).

The REIT stated it industrial job throughout the portfolio’s markets has actually continued to decrease over the previous seven years and is currently simply 4.6%, while rents throughout the portfolio’s markets have actually increased 5.7% year-over-year, inning accordance with a Blackstone REIT filing.

The ongoing rent growth in the portfolio’s markets led to rents on brand-new leases surpassing rents on expiring leases by 9% in the portfolio throughout the 3rd quarter of 2017. The company thinks the portfolio will see additional lease increases as the portfolio is currently 90% rented versus typical tenancy in the portfolio’s markets of 95%.

The portfolio is leased to 377 tenants consisting of e-commerce and logistics business such as Amazon, FedEx, and DHL along with Coca-Cola, Fiat Chrysler and the United States federal government.

Blackstone REIT said it anticipates to money the acquisition through a combination of cash on hand, property-level financial obligation and loanings under the company’s line of credit. The property-level financial obligation is still being worked out with potential lenders and in-depth terms have actually not yet been decideded upon. Closing is expected in March or April of 2018.

Cabot Industrial Value Fund IV was formed in the spring of 2013 with an investment strategy of getting value-add homes that have the tendency to be smaller in size. Cabot’s average offer measure to that time was about $13 million.

Blackstone REIT considering that it began acquiring homes this year has actually revealed a preference for industrial residential or commercial properties. In April, the REIT obtained a 6 million-square-foot portfolio of primarily infill commercial possessions from High Street Realty Co. for $402 million.

With the Cabot purchase, the REIT’s holdings will consist of commercial properties with an acquisition value of $2.31 billion – making industrial properties, its biggest sector holding followed by $1.4 billion of multifamily.

Blackstone REIT’s moms and dad company likewise has actually revealed a renewed interest in the sector. In September 2016, Blackstone Group leapt back into the industrial property area buying 46 logistics residential or commercial properties amounting to over 26 million square feet from LBA Realty for a reported $1.5 billion. Previous to that offer, the private-equity business had sold commercial homes, notably dealing its IndCor portfolio to International Logistic Properties Ltd. for a shocking $8 billion.

Nevada marijuana tax brings in $5.8 million in October

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L.E. Baskow Many clients waiting in a long line at Reef Dispensaries wear weed-related products as leisure sales of cannabis start at Midnight in Nevada and dispensaries across Las Vegas are open too on Friday, June 30, 2017.

Wednesday, Dec. 20, 2017|7:19 p.m.

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Tax profits on Nevada’s cannabis sales is continuing an upward trajectory, establishing a brand-new regular monthly high in October during the 4th month of the state’s recreational marijuana program, authorities announced Wednesday.

The market brought in more than $5.8 million in October, that includes a 15-percent wholesale tax for both medical and leisure pot, and a 10-percent excise tax on recreational weed sales, the Nevada Department of Tax said. That’s up from about $4.7 million in September, $4.8 million in August and $3.6 million in July for a total of $19.1 million.

“We’re happy that we’re tracking really closely with projections,” said Stephanie Klapstein, spokesperson for the tax department. “We’re actually a little ahead.”

October’s figures for both the 15-percent wholesale tax– which charges Nevada cultivation and production facilities for transferring the plant to local dispensaries– was almost $3.8 million, while the 10-percent excise tax was simply over $2 million. Each category represented all-time highs.

Gov. Brian Sandoval’s workplace projected approximately $5 million monthly would be raised from the 2 tax sources from July 2017 to July 2019, leading to a total of $120 million over that 24-month span. The forecasts approximated the first six months of leisure pot sales would bring substantially less than that average, however, counting on the last 6 months in 2019 to be the largest revenue raising.

Nevada State Sen. Tick Segerblom, who championed marijuana legislation, stated the early numbers were “encouraging,” and he expects month-to-month tax profits to surpass $10 million by 2019.

Per Nevada law, earnings from the wholesale tax is assigned to money state and local government guideline of the market, and exactly what remains is transferred into the Distributive School Account. Revenue from the excise tax is transferred in the Nevada Rainy Day Fund.

Editor’s note: Brian Greenspun, the CEO, publisher and editor of the Las Vegas Sun, has an ownership interest in Essence Cannabis Dispensary.

'' Star Wars: The Last Jedi' ' boasts $45 million opening night

Friday, Dec. 15, 2017|9:15 a.m.

LOS ANGELES– “Star Wars: The Last Jedi” is off to a death star-sized start at the box office. Disney says Friday that the 8th installation in the area franchise has actually earned an approximated $45 million from Thursday night showings.

It’s the second-highest Thursday night preview tally following the $57 million start for “Star Wars: The Force Awakens,” which began this modern-day trilogy in 2015.

“The Last Jedi” is anticipated to net around $200 million throughout the weekend, which would make it the fourth-biggest opening of all time. It’s set to play on 4,232 screens in The United States and Canada.

Rian Johnson wrote and directed “The Last Jedi,” which stars Mark Hamill, Carrie Fisher, Daisy Ridley, John Boyega and Adam Driver.

JDM Partners, Transwestern Finalize 2 Million-SF State Farm Office Deal in Arizona


State Farm has actually offered and rented back the 370,000-square-foot building it developed at 300 Rio Salado Parkway and 4 other office complex in the Phoenix city.

A collaboration between Transwestern Investment Group (TIG) and JDM Partners LLC led by principals the principals Jerry Colangelo, David Eaton and Mel Shultz has wrapped up the acquisition of Marina Heights, a five-building office campus on 20 acres from State Farm Auto Insurance at 300 – 600 Rio Salado Parkway in Tempe, AZ.

. The rate was not divulged, although the sale-leaseback deal was valued in one report by a local media outlet at about $928 million. The Tempe deal is the 3rd in a series of sale-leasebacks undertaken by the huge insurance provider. Last fall, State Farm offered its 2.2 million-square-foot campus in the CityLine job in Dallas and traded the 591,000-square-foot State Farm campus in Atlanta this past summertime.

State Farm constructed the five office complex ranging from 271,000 square feet to 620,000 square feet in 2015 and 2016, inning accordance with CoStar info.

The Corporate Characteristics Trust III LP collaboration’s acquisition is located in between Arizona State University and Tempe Town Lake. The LEED-certified Marina Heights portfolio is prepared as a future stop for the Tempe Streetcar, linking the school to the close-by airport, downtown and main Phoenix.

“Our company believe the ownership structure advantages all parties in the transaction, with stable cash flows generated from the long-term lease with State Farm and stable, long-lasting ownership and management for the tenants,” Transwestern Financial Investment Group Senior Handling Director Collin Comer stated in a declaration.

A wholly owned subsidiary of TIG will handle the investments. Transwestern also manages the State Farm properties acquired in the Dallas and Atlanta sale-leasebacks. JDM Partners CEO Mel Shultz said his company and investors anticipate an ongoing relationship with State Farm throughout the United States

King & & Spalding functioned as legal advisor in the Marina Heights trade and Eastdil Guaranteed encouraged on the protecting of debt capital.

For more information on the deal, please see CoStar COMPs # 4074574.

Newmark Knight Frank Parent Company Prepared to Shop $615 Million IPO

Providing Would Worth CRE Brokerage Market’s Newest Publicly Traded Business at $3.3 Billion

Newmark Knight Frank head office at 125 Park Ave. in New York City City.

Newmark Group, Inc., a business real estate and advisory firm that includes brokerage Newmark Knight Frank (NKF), has set terms for an initial public offering targeted at raising $615 million.

Newmark, backed by NKF moms and dad firm BGC Partners, Inc. (NASDAQ: BGCP), announced today it will release its “road program,” a series of discussions to analysts, fund managers and other possible financiers, in using a preliminary 30 million shares of common stock priced at in between $19 and $22 per share. The business’s approximated market appraisal would be approximately $3.3 million at the midpoint of that range.

Investment banks financing the offering will likewise have the alternative of buying as much as 4.5 million extra shares at the IPO rate, omitting commission fees and underwriting discounts. Goldman Sachs, BofA Merrill Lynch, Citigroup, Cantor Fitzgerald, PNC Capital Markets, Mizuho Securities, Capital One Securities and Keefe Bruyette Woods are the joint book runners on the offering.

Cushman & & Wakefield, the world’s third-largest brokerage, is likewise commonly expected to release an IPO next year. Cushman has actually announced a number of recent executive management changes in relocations that some market observers believe might be connected to an impending offering, but the business has actually not publicly validated or acknowledged the speculation.

BGC Partners initially formed Newmark Group in November 2016 as NRE Delaware, Inc., a lorry to run and eventually spin off Newmark Knight Frank and other realty assets. In late October, Newmark Group filed to raise $100 million through an IPO, an estimate exclusively to calculate the registration cost for the offering.

BGC Partners encouraged Newmark Group that it plans to get rid of all of the shares of the brand-new public company’s typical stock in a spin off following the requirement “lock-up” duration of approximately 6 months after the IPO is finished. The business did not reveal an estimate of when the shares may begin trading.

In its newest modified prospectus today, Newmark Group said it has more than 4,600 staff members, consisting of about 1,530 brokers and other revenue-generating manufacturers, in more than 120 offices throughout 90 cities, with 30 other areas operated by U.S. licensees.

The business completed more than 16,000 U.S. transactions worth more the $50 billion and produced earnings of $1.5 billion in the 12-month period ending Sept. 30, a 16% boost in profits from the prior year duration. In addition to NKF, Newmark Group will include home mortgage company Berkeley Point, gotten by BGC for $875 million in September.

“We plan to continue to aggressively and opportunistically expand into markets, consisting of beyond The United States and Canada, and products where our company believe we can successfully perform our full service and integrated company model,” Newmark Group said in the prospectus.

Founded in the United States in 1929, Newmark has actually expanded its item offerings and service footprint through more than 35 acquisitions because 2011, when BGC Partners acquired U.S.-based Newmark Knight Frank. NKF, associated with London-based global home consultancy Knight Frank LLP. became Newmark Grubb Knight Frank after acquiring Grubb & & Ellis Co. in a 2012 personal bankruptcy sale. The company dropped Grubb from its name earlier this year.

In associated news today, Cantor Fitzgerald LP, which is also the parent of NKF through BGC Partners, revealed it would release Rodin Earnings Trust, its second non-traded REIT, a home loan trust that aims to raise $1.25 billion.