Tag Archives: private

Private jet as soon as owned by Elvis Presley for sale– again

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GWS Auctions, Inc./ AP This undated photo offered by GWS Auctions, Inc. reveals a personal jet once owned by Elvis Presley, on a runway in New Mexico.

Monday, June 18, 2018|1:27 p.m.

ALBUQUERQUE, N.M.– A private jet when owned by Elvis Presley that has sat on a runway in New Mexico for nearly 4 years is back on the auction block.

The online auction site IronPlanet announced this week that the plane with red velour seats had returned the marketplace after its current owner purchased it last year for $430,000.

A previous auction house says Elvis developed the interior that has gold-tone woodwork, red velvet seats and red shag carpet. However the red 1962 Lockheed Jetstar has no engine and requires a repair of its cockpit.

The plane was owned by Elvis and his dad, Vernon Presley.

It has been independently owned for 36 years and resting on a tarmac in Roswell, New Mexico.

Lindsay Goldstein, a spokesperson for IronPlanet, said the jet is still grounded in Roswell and the existing owner “has not made any changes to this piece of history.”

Images of the plane also reveal the outside in need of repair and seats of the cockpit torn.

A previous owner challenged an auction home’s claim the king of rock ‘n’ roll designed its red velour interior.

Roy McKay told KOB-TV in Albuquerque (https://goo.gl/GpE3zV) he created the interior himself. McKay said that when he bought the jet, it had a two-toned gray interior and “sort of appeared like a coffin.”

However then-GWS Auctions Inc. spokesperson Carl Carter informed The Associated Press the auction home is confident Elvis created the interior, which pictures reveal has red velour seats and red shag carpet.

IronPlanet likewise is positive Elvis developed its red velvet interior, Goldstein said.

Federal Air travel Administration records show no interior modifications were ever made to the jet, Carter said.

IronPlanet is accepting online quotes for the aircraft until July 27.

Presley was born in Tupelo, Mississippi, on Jan. 8, 1935, and relocated to Memphis, Tennessee, with his moms and dads at age 13. He ended up being a leading figure in the new rockabilly scene by covering tunes initially performed by African-American artists like Big Mom Thornton (” Hound Dog”) and Arthur Crudup (” That’s All Right”).

His intriguing dancing and hit records turned him into among the 20th century’s most identifiable icons. Historians state his music likewise assisted usher in the fall of racial partition.

Elvis was 42 when he died on Aug. 16, 1977, in Memphis.

Kansas stepmom dead after leading private investigator to dead kid

Friday, June 8, 2018|3:50 p.m.

WICHITA, Kan.– A woman who led a detective to the breaking down remains of her 5-year-old stepson 3 months after reporting him missing was found dead early Friday in a Wichita house with 3 suicide notes and a rifle at her feet, police stated.

Officer Charley Davidson said throughout a press rundown that officers reacted around 1:40 a.m. after Jonathan Hernandez called to report discovering his former girlfriend, Emily Glass, dead of a gunshot injury at his Wichita home.

Hernandez stated in a statement that Glass killed herself. Davidson stated the main cause of death will be identified by the coroner’s office. He said he didn’t know whether Glass was living at the home or who owned the rifle. Davidson did not state to whom the 3 suicide notes were attended to.

Glass, 27, reported Hernandez’ child, Lucas, missing on Feb. 17. She told police she last saw Lucas playing in his bed room before she showered and went to sleep. Glass led a private detective to Lucas’ body on May 24.

Sedgwick County District Attorney Marc Bennett stated Friday afternoon that the investigation will continue regardless of the death of Glass, who was the primary individual of interest in the case. He said her death alters the dynamic of the examination however it’s possible other individuals may have “levels of culpability” in Lucas’ death. He also guaranteed to reveal result in the general public even if investigators determine no charges would be submitted, or that Glass would have been the only individual charged.

“We’re dealing with it, we will continue to deal with it,” Bennett stated. “When we have actually reached a resolution, there will be a public accounting in some style.”

Glass took David Marshburn, a private investigator employed by Lucas’ dad, to the kid’s decomposing remains. The boy’s body had actually been concealed under a culvert bridge about 20 miles (32 kilometers) north of Wichita and was covered with debris.

Cops apprehended Glass on suspicion of lying to authorities, however she was released and district attorneys never charged her in Lucas’ death. Bennett said Friday Glass couldn’t be charged prior to her release due to the fact that the autopsy had not yet identified how Lucas died.

It’s uncertain if that decision will ever be made due to the fact that of his body’s decayed condition.

In an interview for the podcast “Criminal offense Stories with Nancy Grace” that aired Monday, Hernandez said he not believes or supports Glass which he is “a bit confused by” her release from prison. Hernandez also informed Grace that Glass told the private investigator she had actually panicked after she found Lucas dead in his bed one night or morning. The podcast included part of a recording caught by Marshburn where Glass said in an unstable voice: “I did Lucas so incorrect. I did him wrong.”

The Wichita Eagle reports that Hernandez and Lucas’ mother, Jamie Taylor-Orr, stated in a statement launched Friday that Glass “opted to end her own life.”

“This is not the ending we would have chosen for Emily. She was the only person on this earth who might inform us what the last minutes of our child’s life were like,” the declaration stated. “We wanted answers and we still want justice. Our hope is that the fact will still come out, that there will be responses to the numerous concerns we have.”

Hernandez was not in the house when Lucas disappeared. Glass cared for her daughter and Lucas while Hernandez worked out of state for weeks at a time. Taylor-Orr didn’t live in the Wichita location when Lucas vanished.

Glass was previously acquitted of child endangerment in an unassociated case including her then-1-year-old daughter. Prosecutors declare Glass smoked cannabis then drove the woman to a restaurant. This happened one day prior to Lucas was reported missing out on.

Court files filed in the endangerment case state Lucas was often seen with swellings and cuts, and as soon as with shiners. The document shows the state of Kansas was told a minimum of two times that Lucas was being mistreated and details the kid’s inefficient and violent domesticity.

Hotel Offer Reveals Private Equity'' s Power When Firms Choose to Dip Into Record $180 Billion in Dry Powder

Excess Capital Facing Decreased Reinvestment Opportunities Now; but Might Set Up Equity Funds for Next Cycle

With a mandate from shareholders to grow, Jon E. Bortz, chairman, president and president of Pebblebrook Hotel Trust, privately reached out in early March to Stuart Scott, chairman of LaSalle Hotel Characteristic, with a deal to join forces and develop the market’s second-largest lodging real estate financial investment trust with $8 billion in assets.

But after thinking about the proposed share-for-share stock market with a suggested price of $30 a share, LaSalle’s board rejected the offer as inadequate. Pebblebrook then went public with its offer, a relocation that had immediate and far-reaching repercussions.

In a property investment market awash in capital with minimal purchasing opportunities, a bidding war for LaSalle soon broke out, with a reported 10 prospective buyers circling the REIT and its collection of upper-upscale and luxury hotels. Private equity titan Blackstone Group emerged as the purchaser, with LaSalle accepting an all-cash deal of $33.50 per share.

The method LaSalle was put in play shows a market in which the volume of private equity capital, or ‘dry powder’ in financier parlance, has actually increased to tape-record levels. The stack of money targeted for purchasing realty in The United States and Canada now stands at near $180 billion, inning accordance with private equity information company Preqin.

Too Much of an Excellent Thing?Private equity

funds have now raised more capital than the total amount they have invested in real estate in the last three years. The extraordinary level of capital offered on both the financial obligation and equity sides has produced heated competitors for prime properties, increasing costs and triggering investors to move into new markets and residential or commercial property types in search of much better yields. Some fund supervisors have even transferred to the sidelines, pointing out the surfeit amount of capital chasing after the restricted number of opportunities.

However based upon the recent performance history of realty funds and the returns they have actually created over the past several years, a growing number of loan continues to gather. By some quotes, very first quarter fundraising hit a near record with $33 billion raised.

That level of fundraising defies recent investment patterns, according to a report from Oliver Senchal, head of realty items at private equity data supplier Preqin. The most significant concern, Senchal reports, is the quantity of capital that has currently been plowed into realty by investors, and the resulting diminished reinvestment chances.

There is a lot more financial investment capital out there than needed.

“We truly don’t require the same amount of balance sheet capital that we may have today to pursue and prosecute [our] service strategy,” stated Darren Tangen, primary monetary officer of Colony Northstar, according to a transcript of the firm’s last earnings call.

Instead of purchase more property at today’s high evaluations, Tangen stated he chooses to offer some of the firm’s assets and redeploy the capital on the right side of the balance sheet– by buying back common stock or redeeming preferred stock.

On the other hand, stated Brad Gries, managing director, head of U.S. transactions for LaSalle Financial investment Management, said much of the financial investment capital that been raised just recently has a 2- to four-year financial investment duration.

“So the pressure to invest the capital is not yet at its height,” Gries said.

“Nevertheless, we have actually seen bid-ask spaces [in between purchasers and sellers] widen in the last 18 to 24 months, and deal activity decrease, which would naturally lead to more dry powder, especially in a strong fundraising environment. Other elements, such as [the restricted variety of] readily available chances, are also likely at play, however more difficult to measure.”

Since March 31, LaSalle had approximately $8 billion available for financial investment, inning accordance with Jones Lang LaSalle Inc., its parent company. It raised about $700 million in the first quarter.

“There is no concern the marketplace is very competitive and, provided where we remain in the cycle, asset worths are inflated, but for the most part, I believe investors have actually stayed disciplined, both in terms of technique and prices,” Gries stated.

Capital Circulation Still Strong into Multifamily, Industrial, Hotels

Multifamily realty has actually brought in the most investment from equity funds than any other property type for a minimum of the last three years. It has actually represented a 3rd or more of all home purchase volume in each of those years, inning accordance with CoStar data.

There is a great reason for that, said Jack Mulcahy, a credit threat expert for CoStar Group.

“Spread compression charts would suggest that multifamily is still in high demand and, in our view, will remain so. Cap rates have actually disappointed lots of signs of increasing,” Mulcahy stated.


Spreads (deal cap rates to 10-year yields) have contracted to 315 basis points for all property types with cap rates being 5.9% and the Treasury rate now exceeding 3 percent, inning accordance with Mulcahy’s analysis. To put this into context, 315 basis points is nearly 100 basis points lower than 2016 averages. Nevertheless, it is still far better than a long-term average of closer to 270 basis points.

“Regardless of the compression, a cap rate spread of 315 basis points still represents a terrific return,” Mulcahy stated. “If you’re trying to find a long-term hold, property is still a fantastic investment.”

Meanwhile, financiers consisting of equity funds are getting solid returns in other home sectors as well. Industrial residential or commercial property spreads match multifamily at 350 basis points, and commercial funding is still easy to come by, Mulcahy stated.

Blackstone, once again, has actually been among the most active investors in industrial property. It obtained about 110 million square feet of additional storage facility and circulation homes in four separate deals through recently totaling more than $10 billion in spending.

“Industrial lease development is so excellent right now and it is also considered a derisker in regards to a recession,” said David Bitner, vice president Americas head of capital markets research for Cushman & & Wakefield.”It’s a good play, and leave it to Blackstone to move quickly when the opportunity arises.”

While equity fund residential or commercial property investment overalls have actually fallen in each of the previous three years, Bitner said Cushman & & Wakefield is requiring an increase in volume this year especially in multifamily and commercial.

“It is harder to call for an uptick in main business district office,” Bitner said.

Yet even here equity funds might have a play, he included, as Chinese corporations who went on a purchasing binge two and three years back are now said to be going shopping those financial investments in light of tighter constraints on abroad investment from their country’s government. If the sales take place, try to find equity funds to be in the mix.

Hotel activity by equity funds in basic grew significantly in the first quarter, improved by portfolio activity. Hospitality deals comprised 25 percent of equity fund spending, according to CoStar information.

Might Today’s Retail Realty Be A Sign of Future Spending?Given existing higher

appraisals and the late position in the cycle, equity funds seem in no particular hurry to put all that capital to utilize immediately.” We are conscious that with every quarter we’re another quarter later in the cycle,” Brian Kingston, senior handling partner and CEO of Brookfield Property Partners, informed investors, according to a transcript of the firm’s last profits teleconference.” So it’s prudent we think to have some dry powder and flexibility readily available need to some disruptions happen, so that we have the ability to take advantage of it.”While nobody is saying equity funds are market timers waiting just to get on falling property rates, retail homes have already moved into the next cycle with cap rates moving up as current sales show retail as a riskier financial investment. Still, even here there is billions of dollars of financial investment capital prepared for implementation. JLL recorded a 46 percent decrease of financial investment into retail possessions through the first four months of the year. It associates the drop to

investor caution and the understanding that present retail returns are not commensurate with existing evaluations. However, the retail home category might be a sign of how equity funds will proceed in the next cycle. Earlier this year, Acadia Real estate Trust

, through its Acadia Strategic Chance Fund V, got Trussville Boardwalk, a 463,836-square-foot power center

in Birmingham, Alabama, for$45.2 million from a seller that considered it non-core in a market it was abandoning. “We acknowledge and appreciate the intrinsic threats of these higher yielding shopping mall, but at today’s rates and by remaining selective, we are normally able

to buy these possessions at a discount rate to replacement expense, and in some instances at a price-per-foot that would indicate that we are getting the land for free,” kept in mind Amy Racanello, senior vice president of capital markets and investments for Acadia Realty Trust, in the company’s last profits teleconference. Acadia has about $1.2 billion of dry powder offered to deploy through the summer of 2021. This is a slower pace than Acadia originally anticipated, Racanello said.”However with the personal market still in shift, we seem like the best purchasing opportunities for our fund platform might still remain in front people, especially thinking about the disruption we are seeing in the selling and REIT industries.”Despite the decrease in recent retail financial investment, there remains a big quantity of capital looking to be deployed into retail property, inning accordance with JLL retail advisory services, which sees more

financiers like Acadia actively searching for opportunistic buys in the coming 12 months. “There isn’t a conclusive jumping-in point for [retail] transaction volume to accelerate, but as we head into the back-half of 2018, we expect deal activity to get due to market capitulation and

financier confidence finding solid footing,”said Chris Angelone, retail financial investment sales lead for JLL.”There is more capital than item, which is unfolding a tremendous chance to buy at a discount to current valuations.”

Education Secretary DeVos uses her private plane for work travel

Thursday, Sept. 21, 2017|9:12 a.m.

WASHINGTON– Education Secretary Betsy DeVos uses her personal plane to fly around the nation to visit schools and attend other work events as other Cabinet secretaries’ flying habits have actually drawn analysis.

Education Department Press Secretary Liz Hill said in a statement to The Associated Press that DeVos travels “on personally-owned aircraft” at zero expense to taxpayers. Speaking to the AP on Thursday, Hill would not disclose information about the design or any other attributes of the aircraft.

“The secretary neither looks for, nor accepts, any repayment for her flights, nor for any additional authorities travel-related costs, such as lodging and daily, although she is entitled to such compensation under federal government travel guidelines,” Hill said. “Secretary DeVos accepted her position to serve the public and is totally committed to being a devoted steward of taxpayer dollars.”

The concern of Cabinet secretaries’ travel came under scrutiny on Wednesday when Health and Person Provider Secretary Tom Cost dealt with an outcry over chartering five private flights last week for official company when other cheaper travel options were readily available. Rep. Frank Pallone, D-N.J., stated Democrats would look for a “complete accounting” of Rate’s travel from his department’s inspector general.

“Taxpayer funds are not implied to be used as a jet-setting slush fund,” Pallone stated.

DeVos, a long-standing charter and independent school advocate, is wed to Cock DeVos, the successor to the Amway marketing fortune. For many years, DeVos and her family have contributed countless dollars to Republican candidates and causes.

Hill stated DeVos pays for “all her travel expenditures including flights, hotels, and so on, out of pocket and at no expenditure to taxpayers.” Given that concerning office, DeVos’ only charge to the department was one roundtrip Amtrak ticket from DC to Philadelphia for $184. Her predecessor Secretary John King spent under $39,000 of federal government loan on travel during his very first months in workplace, inning accordance with Hill.

At her Senate confirmation hearing in January DeVos stated she wanted to waive her right to receive an income. However given that federal government rules require her to be paid, DeVos is preparing to contribute her wage to charity, Hill said.

However DeVos has likewise dealt with criticism over her usage of public dollars. DeVos encountered protesters at occasions she participated in early in her tenure and her security detail has actually been bolstered at an extra expense of some $7.8 million, prompting an outcry from some of her critics.

DeVos is not the only member of the administration to make salary contributions. In July, President Donald Trump donated his second-quarter income of $100,000 to the Education Department to money a science and innovation camp. But the gesture failed with some teachers, who mentioned that the check will do little to reduce the $9 billion cut to the Department’s budget plan that he has proposed.

Rate, a former Republican politician congressman from Georgia, chartered flights to a resort in Maine where he belonged to a conversation with a healthcare market CEO, inning accordance with a report in Politico. He likewise chartered flights to neighborhood health centers in New Hampshire and Pennsylvania. One leg was from Dulles International Airport to Philadelphia International Airport, a range of 135 miles.

Treasury Secretary Steven Mnuchin stated recently that the initial ask for use of a federal government plane for his European journey last month had to do with nationwide security and not his own individual convenience on his honeymoon.

Greystar-Led Fund Taking Monogram Residential REIT Private in $3 Billion Deal

New Multifamily Investment Fund Consists of Investors from The Netherlands, China and Canada

CEO Bob Faith hof Greystar Real Estate Partners is adding another 49 multifamily properties to his growing portfolio.
CEO Bob Faith hof Greystar Realty Partners is adding another 49 multifamily homes to his growing portfolio. Monogram Residential Trust, Inc.(NYSE: MORE), an owner and operator of apartment neighborhoods mostly located in seaside markets, agreed to be obtained by a freshly formed perpetual life fund, Greystar Development and Income Fund, led by Greystar Realty Partners in a transaction valued at $3 billion, including financial obligation to be presumed or re-financed.

Investors in the brand-new fund consist of Dutch pension fund APG Property Management NV, Singapore-based international investment firm GIC, and Quebec-based CRE financier IvanhoƩ Cambridge.

Based in Plano, TX, Monogram owns a portfolio of investments in 49 multifamily neighborhoods in 10 states totaling 13,674 systems.

A ranking of the largest US apartment owners by the National Multifamily Real estate Council for 2017 lists Charleston, SC-based Greystar as the 19th biggest owner with 44,037 units. Greystar is also ranked as the biggest home manager with 415,634 units under management.

Under the arrangement, which was unanimously authorized by Monogram’s board, stockholders will receive $12 per share in cash, a premium of 22% to Monogram’s closing stock rate of $9.80 on July 3.

The $3 billion value consists of Monogram’s share of its 2 institutional co-investment joint endeavors with PGGM and NPS. The PGGM joint endeavor will be restructured, and the joint endeavor interests held by NPS will be purchased by Greystar under a separate assignable purchase and sale agreement for around $500 million.

“Through this deal, Monogram will transition from being a publicly traded REIT to an independently held company and a part of the Greystar company,” Mark T. Alfieri, CEO of Monogram wrote to workers yesterday announcing the news. “We believe this transaction offers our stockholders with instant and compelling value for their investment, and shows the effort and commitment of all the workers at Monogram.”

“We are thrilled to add Monogram’s high quality assets in some of the best markets in the country as the seed portfolio for Greystar Growth and Earnings Fund, LP, our flagship core-plus perpetual life lorry,” stated Bob Faith, the founder and chairman of Greystar.

The deal is not contingent on invoice of funding by Greystar. JPMorgan Chase Bank, N.A. has actually provided a commitment letter to Greystar Growth and Earnings Fund for $2 billion in financial obligation financing for the transaction.

The Greystar fund retained Walker & & Dunlop Inc. (NYSE: WD) to secure financing for its acquisition. This will be the biggest transaction in Walker & & Dunlop’s history.

Home REIT assessments stand near all-time highs, regardless of steady brand-new supply that stays a near term headwind, inning accordance with initial analysis of the deal by Morgan Stanley Research.

“We think the transaction continues to illustrate that private financiers are looking past near term supply headwinds and are more optimistic about the longer term outlook offered encouraging basics,” Morgan Stanley Research study reported.

Morgan Stanley is acting as exclusive monetary consultant. Morrison & & Foerster is representing Morgan Stanley in the financing. Goodwin Procter LLP is acting as legal advisor to Monogram. J.P. Morgan Securities LLC is working as unique monetary advisor and Jones Day is serving as legal consultant to Greystar.

The transaction, which is anticipated to close in the 2nd half of 2017, is subject to approval by Monogram’s stockholders and other customary closing conditions.


The most recent: Dem '' concerned ' Trump will fire private investigators

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Evan Vucci/ AP FILE President Donald Trump strolls from Marine One to board Flying force One for a journey to Miami to talk on Cuba policy, Friday, June 16, 2017, at Andrews Flying force Base, Md.

Friday, June 16, 2017|9:41 a.m.

WASHINGTON– The current on the ongoing examinations into claims of Russia disturbance in the 2016 election (perpetuities regional):

12:25 p.m.

. The leading Democrat on the Senate Judiciary Committee says she is “progressively concerned” that President Donald Trump will attempt to fire Unique Counsel Robert Mueller and Deputy Attorney General Rod Rosenstein.

Mueller is examining Russian interference in U.S. elections and possible Russian ties to the Trump campaign. Trump verified in a tweet Friday he was under investigation and appeared to take goal at Rosenstein, calling the investigation a “witch hunt.”

California Sen. Dianne Feinstein stated Trump’s tweets are sending out a message “that he believes the rule of law doesn’t apply to him which anybody who believes otherwise will be fired.”

She stated Trump has actually “embarked on an effort to weaken anyone with the capability to bring any misdeeds to light” and the Senate shouldn’t let that take place.

Feinstein also belongs to the Senate Intelligence committee, which is performing its own Russia probe.

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11:15 a.m.

. The Senate Intelligence Committee is holding a public hearing next week to collect more details on Russia’s interference in 2015’s elections.

Wednesday’s session will concentrate on Russia’s efforts to hack into state election systems, prospective hazards in upcoming election cycles, and whether states are well positioned to respond to those threats.

The panel is conducting both open hearings and closed sessions as it examines Russian efforts to affect in 2015’s project. The intelligence committee is the lead congressional panel on the Russia hacking scandal, consisting of extremely advertised hearings with fired FBI Director James Comey and Attorney general of the United States Jeff Sessions.

Next week’s witnesses include officials from the FBI and the Department of Homeland Security, election authorities, and an expert on election security.

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9:49 a.m.

. The leading attorney for the Trump transition team has bought the company’s staff to protect all records and other products related to the widening investigation by unique counsel Robert Mueller into contacts between the Trump project and Russian agents.

The move bought Thursday by the transition’s basic counsel cast a broad internet on documents tied to the Russia investigation along with queries into the activities of Trump partners. Those associates include previous nationwide security consultant Michael Flynn, project chairman Paul Manafort, foreign policy assistant Carter Page and outdoors adviser Roger Stone.

The move was confirmed by a transition official who spoke on condition of privacy to discuss post-election choices.

The order came the exact same day that Vice President Mike Pence worked with an outdoors lawyer to represent his legal interests.

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9:20 a.m.

President Donald Trump says he is being examined for shooting FBI Director James Comey by the guy who told him to do it.

In his most current tweet, the president appeared to confirm he is under investigation for possible blockage of justice. It wasn’t clear whether he was basing his tweet on direct knowledge or on media reports.

The president composed, “I am being investigated for firing the FBI Director by the guy who informed me to fire the FBI Director! Witch Hunt.”

Trump may be referring to Deputy Attorney general of the United States Rod Rosenstein, who in a memo to Trump raised issues over Comey’s performance. However Robert Mueller has been designated special counsel to investigate Russian involvement in the 2016 governmental election and possible collusion with the Trump project.

There has been no indication that Mueller told Trump to fire Comey.

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9:10 a.m.

President Donald Trump states the economy is enhancing and task numbers are up, regardless of the “bogus Witch Hunt” versus him.

The president tweeted Friday, “Regardless of the counterfeit Witch Hunt going on in America, the economic & & jobs numbers are fantastic. Regulations method down, tasks and enthusiasm method up!”

U.S. companies drew back on employing in May by adding just 138,000 tasks, though the gains sufficed to assist nudge the joblessness rate down to a 16 year-low.

The Labor Department this month that the jobless rate was up to 4.3 percent the lowest level given that 2001, from 4.4 percent. Still, the rate decreased mainly for a less-than-encouraging factor: People stopped trying to find operate in May and so were no longer counted as jobless.

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8:40 a.m.

President Donald Trump is promoting his social media following, saying he can provide his message straight to voters rather of going through the “fake news media.”

The president tweeted Friday, “The Phony News Media dislikes when I utilize what has actually ended up being my very effective Social Media – over 100 million individuals! I can walk around them.”

Trump is an avid user of Twitter, with over 32 million followers on his individual account and more than 18 million individuals on the official presidential account. He also has millions of fans on his official Facebook pages.

Not all of Trump’s social networks fans are advocates. And Democrats and Republicans alike have criticized his use of Twitter, particularly in the middle of the continuous investigation into Russia’s disturbance in the 2016 presidential election.

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8:05 a.m.

President Donald Trump states it’s “sad” that seven months of examinations and hearings into possible links in between his campaign and Russia have been useless.

The president tweeted Friday, “After 7 months of investigations & & committee hearings about my ‘collusion with the Russians,’ nobody has been able to reveal any proof. Sad!”

His remarks follow revelations that special counsel Robert Mueller is taking a look at whether Trump blocked justice by firing FBI Director James Comey. Mueller is now leading the investigation into whether Russia interfered in the 2016 governmental election.

Trump has actually called The Washington Post report a “counterfeit story” and a “WITCH HUNT.” He has questioned why private investigators don’t dig into the links between the Democrats and the Russian federal government, including his general election challenger, Hillary Clinton.

Private Equity Investors Slow Real Estate Purchasing in First Quarter

CRE Purchases Down 60% Year over Year; Fundraising Slows as Financial investment Funds Already Packed with ‘Dry Powder’

The personal equity realty market, which saw exceptionally strong fundraising and dealmaking activity in 2016, seemed to stop briefly and take some profits in early 2017.

CRE-focused equity funds finished 136 major home investments in the very first quarter of 2017 totaling $6.1 billion, according to CoStar Group COMPs data. That total is well off the nearly $15 billion in purchases the exact same set of financiers made in the very first quarter of 2016.

Equity funds were net sellers of CRE home in the first quarter of this year, completing 171 personalities amounting to $7.9 billion – about in line with the very same quarter a year ago.

PE buyers revealed a preference for office property investments finishing 26 buys totaling $2.167 billion. Multifamily was the 2nd biggest property type category with 47 deals totaling $1.607 billion. Retail was third with 29 deals totaling $1.547 billion, and industrial was 4th with 28 offers totaling $811 million.

While PE financiers were hectic stockpiling on workplace offers, they were offering multifamily and commercial homes. PE sellers unloaded $3.6 billion of multifamily homes in 49 transactions, and $2.3 billion of industrial properties in 22 deals. PE funds also sold $1.4 billion in retail residential or commercial property in 32 offers, and $1.5 billion in workplace residential or commercial properties in 35 deals.First Quarter Fundraising Likewise Slowed PE realty funds internationally raised about$ 16 billion in the very first quarter, inning accordance with Preqin, an alternative possessions industry information supplier. This represents a decrease from fundraising overalls seen in the very first quarter of in 2015 ($ 26 billion ), and is well short of the$ 32 billion raised by realty funds in the fourth quarter of last year. The number of CRE investment funds reaching a final close likewise declined dramatically throughout the very first quarter, falling from 72 in the last quarter of 2016 to simply 38 in the first quarter this year. More of that cash and a great deal of the formerly raised loan has yet to be used. Dry powder available to personal property fund managers rose a little in the quarter, from$ 237 billion at the end of 2016 to a new record of$ 245 billion at the end of Q1, Preqin reported. While it appears financial investment and fundraising momentum might be

slowing, Andrew Moylan, head of real estate items at Preqin, said we are simply in the early innings of the game. “Of specific note are the multibillion-dollar funds currently in market. A number of have already held interim closes, and may well be on course to reach a last close prior to the end of the year, “Moylan stated.” If this does take place, we might see 2017 rise to match 2016 as another landmark year for the industry.” More than half( 58%) of the funds presently in fundraising mode stated they plan to mainly purchase The United States and Canada and are looking for to raise $107 billion from institutional financiers. This is more than the combined capital targeted( $82 billion) by funds concentrated on realty investment in other global regions.

Lofty $1 Billion Offer for Vantage Exposes Private Equity'' s Growing Interest in Data Center Sector

There is No ‘Cloud,’ Simply a Growing Variety of Windowless, Concrete Data Centers Stacked Flooring to Ceiling with Servers as Quick as Developers can Construct Them

Vantage's Santa Clara campus includes four completed data centers and two more under construction, and a second planned campus will make Vantage the largest wholesale data center provider in the Silicon Valley.
Vantage’s Santa Clara school includes four finished data centers and two more under construction, and a 2nd planned campus will make Vantage the biggest wholesale data center provider in the Silicon Valley. With no end in sight for the exponential development in need from organisations and customers for more online bandwidth, personal equity and institutional capital is competing with conventional information center&residential or commercial property financiers for the very best homes, helping drive the most recent round of M&A transactions in the data center home sector. In the most recent blockbuster deal, a consortium led by Boca Raton, FL-based Digital Bridge Holdings LLC got Vantage Data Centers, the Silicon Valley’s largest wholesale information center owner, for a reported $1 billion.

Digital Bridge and its partners, which include TIAA Investments and Public Sector Pension Financial investment Board (PSP Investments), bought Santa Clara, CA-based Vantage on March 27 from private-equity innovation financier Silver Lake Partners.

Numerous big information center handle late 2016 and through the very first quarter of this year underscore the demand for data center facilities, especially co-location centers and so-called hyperscale facilities that utilize virtual servers to accommodate increasing computing needs without the need for additional physical area, cooling or electrical power.

The growing expansion of ever-stronger mobile phones and rising levels of streaming material owned continue to own robust net tenancy gains across significant U.S. data center markets in 2016, almost matching the record-highs of 2015, with hyperscale supplier requirements controling data center leasing in major markets such as Atlanta, Chicago, Dallas/Ft. Worth, New York/New Jersey, Northern Virginia, Phoenix and Silicon Valley markets where need continues to soar.

” An enormous amount of (construction) activity continues to occur as pre-leasing in future tasks,” stated Jeff West, director of data center research study for CBRE. “More than 111 megawatts of preleased area is under building and construction and is indicative of the large magnitude of leasing being driven by cloud provider over the past a number of quarters,” West wrote in a brand-new report.Blockbuster Equinix

Deals Drive Market After closing a$ 3.8 billion offer to get information center services huge TelecityGroup to end up being the biggest information center provider in Europe early last year, Redwood City, CA-based colocation data center REIT Equinix, Inc.( Nasdaq: EQIX) in December consented to acquire data centers throughout 15metropolitan areas of the U.S. and South America from Verizon Communications Inc. for $3.6 billion cash. In another divestiture by a telecom company, Centurylink

in November accepted sell its information center and colocation center service to funds encouraged by buyout company BC Partners for$ 2.3 billion. EQIX leads a group of data center business that was among the best-performing sectors of the REIT industry. With 26.4% development in 2016 followed by another 11.6% in the first quarter of 2017, the sector far went beyond the gain of simply 1% for the REIT group as a whole, and 4.6% gain by the total Dow Jones Industrial Average in the very first 3 months of the year, inning accordance with Stifel Nicolaus & Co. Strong leasing coupled with levels of brand-new supply well in keeping with need in & first-tier markets has resulted in stable prices in the majority of the industry and fueled continued industry debt consolidation, Stifel stated. Vantage, with its core markets in the Silicon Valley and Washington state, is the current example of increasing financier interest in hyperscale centers. The business runs a four-data center campus in Santa Clara with 2 more under building and prepare for a 2nd large-scale campus in the location. Vantage also operates a school and four planned data centers in development in Quincy, WA. Currently, 271 MW of information center area are under building in major markets, consisting of more than 160 MW of speculative space, with the largest building and construction volumes in Northern Virginia, Dallas/Ft. Worth and Silicon Valley, inning accordance with the CBRE report. Even with the addition of new supply, market conditions in almost all major information center markets ought to stay favorable to proprietors in 2017 as companies continue to move to hybrid IT services in the cloud and colocation area, CBRE stated. Total data center sales volume increased significantly to almost$ 1.78 billion in 2016 at an average cost per square foot of$ 275, not including numerous revealed large portfolio transactions slated to close in 2017, CBRE included.

8 years after going private, Station Gambling establishments aims to be openly traded once again

Station Gambling establishments stated today that it plans to become a publicly traded company once again, about eight years after the locals gaming giant was taken personal.

The company submitted a registration declaration with the Securities and Exchange Commission relating to a proposed initial public offering, but it did not define the variety of shares it will offer or the cost range. In a separate securities filing today, Station stated it plans to get its management business, Fertitta Entertainment LLC, for $460 million in money, although that amount undergoes alter.

Station also did not specify on which market its stock will be traded. The locals-oriented company declined to comment beyond its governing filings and a short press release.

Station has 19 homes in Southern Nevada, including Red Rock Resort, Green Valley Cattle ranch and Palace Station. The company also manages two tribal casinos.