Tag Archives: return

Be RebelSAFE and Return To School in 12 Easy Steps

College campuses go to great lengths to safeguard their students. The most visible of pointers on our school is the UNLV Police Force, but that is simply the beginning of UNLV’s precaution. RebelSAFE emergency situation phones, video monitoring systems, security escort services, and the RebelSAFE app are just a couple of methods UNLV is securing our community. Yet, even with these measures in place, it is very important to keep in mind that campus security is likewise your individual responsibility. Take a minute to examine these suggestions to #BeRebelSafe.

girl walking and looking at cell phone
girl walking and looking at cell phone<

More power lines and trees fall in Las Vegas Valley as storms return

LAS VEGAS (FOX5/AP) –

Heavy storms went back to the Las Vegas Valley as high winds knocked down trees and power lines in Henderson Friday night.

Several power lines fell on Sundown Road near Arroyo Grande Boulevard, shutting down the roadway. Some homes suffered roof damage, trees fell onto cars and trucks and obstructed streets. Flights both getting here and leaving Las Vegas saw major delays and more than 1,000 NV Energy consumers were without power Friday night. Streets flooded, slowing and diverting traffic near St. Rose Parkway and Eastern and in other areas throughout the valley.

Temperature levels are anticipated to trend a couple of degrees above regular through the weekend.

[RELATED: Severe thunderstorm causes blackouts, downed power lines on Boulder Highway]

On Thursday, extreme thunderstorms, high winds and rain knocked out power and downed power lines in east Las Vegas. NV Energy informed FOX5 Friday early morning that the estimated time for repair for those who lost power near Stone Highway is in between 7:15 a.m. and 10:15 a.m. The utility company stated more than 30 power poles were torn down. Several other poles were torn down throughout the Valley after the storm and crews were working to change and fix the damage.

More than 13,000 consumers stayed without power Friday early morning, inning accordance with NV Energy’s website. At 10:30 a.m., about 600 customers lacked power and by 3:30 p.m. about 450 consumers stayed without power. Failures in the southwest Valley were expected to be restored by 11:30 a.m., failures in the eastside were expected to be stored by 10:15 p.m. and in the location of Warm Springs Road and Valle Verde power was expected to brought back by 3:15 p.m.

On Saturday early morning, NV Energy reported 365 consumers in total were without power in the valley. 230 individuals near East Sundown Road and North Green Valley Parkway lacked power because of wind damage done to NV Energy’s equipment during the storm. Power was brought back just after 1 p.m. Saturday.

Several power lines near North Arroyo Grande Boulevard and West Sunset Roadway were also torn down due to high wind speeds, leaving 82 people without power, according to NV Energy. Crews worked to change the 6 power poles that were harmed from the storm.

NV Energy said power would be restored to all impacted area by Sunday morning. Customers were alerted that crews were working as quickly and safely as possible to restore power and change broken power poles.

[On a mobile phone? Click here to see the images]

The City of Henderson opened a temporary emergency situation shelter for citizens without power at Heritage Park Senior Center on 300 S. Racetrack Rd. Officials said animals are not permitted and ought to be positioned with friends or family. For extra details, call 702-267-2950. The shelter was closed just after 3 p.m.

. Inning Accordance With Tony Illia, representative for the Nevada Department of Transportation, NV Energy has one crucial pole that needs to be repaired with a line that crosses Boulder Highway, when the repair is total southbound lanes of Boulder Highway will resume between Russell Roadway and Sundown Road for all traffic. Crews were intending to finish the work by midday however it stayed closed since 3 p.m.

. It was not instantly understood when the long-lasting repair work would be completed.

Next week, temperatures skyrocket as an Excessive Heat Caution has been provided on the location from Tuesday early morning till Thursday night.

The UV index for Las Vegas Friday is high.

Copyright 2018 KVVU (KVVU Broadcasting Corporation). All rights reserved. The Associated Press contributed to this report.

5 needs to capture U2’s long-awaited Las Vegas return

1. The band’s finally coming back. Given its infrequent Las Vegas tour reservations throughout the years, it seems U2 has yet to choose whether it can cope with or without us. The strident Irish quartet broke Sam Boyd Arena’s ticket office records during 2009’s 360 ° trip, however passed on returning to that place for in 2015’s widescreen Joshua Tree revival, and similarly snuffed us 2 years prior to that during its Innocence + Experience arena tour. It’s feeling bullish on Las Vegas of late, however. Two years after its eight-song set during the iHeart

Radio Music Celebration, the band discovers its way back to T-Mobile this week for a two-night stand early in its Experience + Innocence trip, a sequel to the aforementioned 2015 jaunt.

2. The show tells a story. A stop supporting in 2015’s frustrating Tunes of Experience does not influence confidence in a grand Vegas return, but the tour’s thematic arcs reveal guarantee. After introducing into the program with some huge numbers, the program segues into suite of songs that lyrically and aesthetically recount both the violent history of the band’s native Ireland and lead singer Bono’s rough childhood. The artists then move more detailed to the audience, bang out a couple required crowdpleasers and after that explore a 2nd story section resolving the political confusion and social oppression swarming in Trump’s America.

3. It’s another technological marvel. In the grand custom of its Zoo TV, PopMart and 360 ° trips, U2 will share the stage with some severe hardware. Phases at either end of the GA flooring will be linked by a catwalk, over which a pair of parallel hi-res screens will stretch, bisecting the arena not unlike the setup for Roger Waters’ trip in 2015. Members of the band will periodically perform on an elevated, narrow walkway in between those screens, immersing themselves with the onscreen visuals. The screens will likewise match an augmented reality choice offered to fans who download the band’s totally free Experience app onto their smartphones.

4. U2 isn’t a greatest-hits band yet. It takes some real nerve to disqualify your most successful album from the trip setlist, though U2 did simply invest 2017 playing The Joshua Tree in its whole. Still, this looks to be the first time ever the band will forego such a reliable staple as “Where the Streets Have No Name.” With the band’s prioritization of songs from Experience and Innocence, just a smattering of radio favorites will punch up the 2 Vegas setlists (between which you should expect couple of discrepancies).

5. “Acrobat.” No, there will not be a visitor Cirque du Soleil appearance. Diehards have been next to themselves because the tour kickoff, when the band played the Achtung Baby scorcher for the initial time. Relish this chance, local fans– even with talk that U2 could stage a 30th anniversary Achtung trip in 2021, you know that Vegas date is barely a lock.

U2 Might 11 & & 12, 8 p.m. $46-$330. T-Mobile Arena, 702-692-1600.

Quick Take: The Return of the Podcast

UNLV’s Various, Bold, Varied podcast returned for a 2nd season and more prepared.

Originally created when UNLV hosted the 2016 Presidential Debate, the podcast was revived by The Intersection, UNLV’s extensive multicultural center, in partnership with the Greenspun School of Journalism and Media Researches and KUNV 91.5 FM.

“The Crossway is centered around a theme of students finding a sense of belonging on school, which can be cultivated by producing a community where trainees can connect with professors who resemble them in terms of their academic, personal and expert experiences,” stated Harriet Barlow, executive director of The Crossway. “UNLV is proud to be the 2nd most diverse school in the country, and I’m happy that this job assists celebrate that while developing a sense of belonging and community on school.”

With journalism college student Deuvall Dorsey hosting, the first episode spotlights members of UNLV’s varied neighborhood, including Ivet Aldaba-Valera, a first-generation college graduate and child of immigrant parents who is now teacher in the School of Social Work; Caleb Green, another first-generation college attendee and a law trainee; and Diane Chase, UNLV provost and executive vice president, who clarifies how UNLV turned into one of the top-ranked universities in the nation for multiculturalism.

The class was led by Frank Mueller, basic manager of KUNV. We asked him some concerns about how the podcast has actually evolved.

Why do you believe the podcast will resonate with the UNLV school neighborhood and beyond?

UNLV is such an incredible school. I read just recently that the variety in Las Vegas now represents the variety that other metropolitans are expected to have within the next Twenty Years. Our city is seen as a laboratory of how variety can assist a neighborhood thrive, and UNLV, as one of the most varied campuses in the United States, is the best microcosm. This podcast puts the future of our nation on screen today.

How does the podcast vary from the very first season?

With assistance from The Intersection, this season broadens on styles from season one while exploring brand-new locations, consisting of difficulties trainees and teachers have gotten rid of and successes they’ve attained.

Trainees this term had more innovative control over the podcast. In addition, rather than concentrate on brand-new subjects every week, we opted to follow a restricted number of topics for a longer amount of time, allowing our audience the chance to obtain to understand them better.

What abilities have the trainees found out?

Great podcasts are normally great stories. The trainees needed to prepare the stories they wished to tell and think about the sounds had to inform those stories. That exceeded just getting great interviews to getting natural sounds– such as a class being taught or a tune being carried out– then wove those sounds together into a terrific story.

And, excellent podcasts normally require a team to create them. The students needed to learn ways to work together, prepare for each episode, share duties, and provide each other with crucial feedback.

What sorts of innovative works can we expect from your students this term?

This term we are spending more time in establishing the story-telling procedure as we get ready for Season 3. I’m eagerly anticipating introducing our audience to an entire brand-new group of trainees and covering them in the sounds of their stories.

Do you need to be on a declared broadcast media track to take the class or join KUNV?

No, our students originate from all over campus and there are numerous methods to get involved with KUNV beyond enrolling in the class. We hold a five-week training at the beginning of each semester for students who want to host their own KUNV show.

We also list paid part-time positions through Hire A Rebel each semester and actively use about 7 to 10 trainees each term.

Students frequently get included with us to assist satisfy their internship requirements as part of their degree programs. We normally supervise numerous for-credit interns each year.

Finally, we have numerous trainees who volunteer in locations of interest. KUNV tries to involve students in every element of our operations, consisting of on-air, production, social media marketing, sports broadcasting, sales, music evaluation, and more.

Trainees can contact me for more information.

Pay attention to the very first episode now on KUNV. You can likewise download and subscribe through iTunes and Google Play.

How the federal government shutdown may affect your tax return

When the federal government formally ran out of cash for the , lots of aspects of federal government needed to shut down– that includes the IRS.

Even while the IRS is shut down, some vital services will continue to run. Any activity supported by funding that does not end at the end of the fiscal year continues to work in addition to anything deemed needed– like protecting federal government home or securing human life.

Unfortunately, that doesn’t include your tax return.

As long as the government is shut down, no tax returns will be released and any extended shutdown could delay your income tax return. Automated services are still working, so you can still file your return online.

Forbes reports a list of pertinent Internal Revenue Service services that will be postponed during the shutdown:

No tax refunds issuedNo processing of non-disaster relief transcriptsNo processing of forms 1040X, changed returnsNo non-automated collectionsNo audit or evaluations (some exceptions apply) No whistleblower office activity

And here’s a list of services that will continue to run even throughout the shutdown:

Processing of returns with paymentsE-filingMailing tax formsAppeals (statutory due dates will not be changed) Call centers (only throughout filing season) Civil and criminal tax casesCertain interactions to taxpayersActive criminal investigationsIRS.gov

Franken embarrassed amid searching claims, will return to work

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Pablo Martinez Monsivais/ AP In this July 12, 2017, file photo, Senate Judiciary Committee member Sen. Al Franken, D-Minn., shows up on Capitol Hill in Washington.

Sunday, Nov. 26, 2017|3:18 p.m.

MINNEAPOLIS– Minnesota Sen. Al Franken stated he feels “embarrassed and embarrassed” amidst claims that he searched a number of women, but stated he looks forward to returning to deal with Monday and gradually restoring citizens’ trust.

The Democrat spoke to a handful of Minnesota media outlets on Sunday in the very first interviews he’s given considering that being swept into a nationwide tide of sexual misconduct accusations. Four females have accused the U.S. senator of sexual misconduct

Three females declare Franken got their butts while taking images with them during campaign events. Franken informed the Minneapolis Star Tribune on Sunday that he doesn’t remember the pictures, however such groping is “not something I would intentionally do.”

Asked whether he anticipated other women to advance with similar claims, Franken said: “If you had asked me 2 weeks ago, ‘Would any lady say I had treated her with disrespect?’ I would have stated no. So this has simply captured me by surprise. … I definitely hope not.”

The very first female to come forward was Los Angeles radio news anchor Leeann Tweeden. She launched a photo this month showing the then-comedian grinning while reaching out as if to grope her as she slept on a military airplane throughout a USO trip in 2006.

Franken told Minnesota Public Radio on Sunday the image was “untenable,” however he decreased to describe it further.

“Exactly what my objective was does not matter. What matters is that I am chained to that picture,” Franken stated. “She … didn’t have any ability to authorization. She had every right to feel violated by that image. I have said sorry to her and I was very grateful that she accepted my apology.”

Tweeden stated Franken also by force kissed her while practicing for a USO efficiency; Franken has stated he has a various recollection of the wedding rehearsal.

Another lady, Lindsay Menz, alleges Franken pulled her in carefully and squeezed her buttocks while they positioned for a picture at the Minnesota State Fair in 2010. Two other females, speaking anonymously to The Huffington Post, said Franken got their butts throughout political events in 2007 and 2008, during his first Senate campaign.

“I do not keep in mind these photographs. I don’t,” he said Sunday, estimating he has taken “tens of thousands” of photos with other individuals over the years. “This is not something I would deliberately do.”

Franken deals with a Senate ethics examination– which he welcomed in the wake of Tweeden’s accusation– though it’s uncertain when that review might begin. Franken, who hasn’t dealt with prevalent calls to resign, said he will fully work together.

Franken sidestepped questions on Sunday about whether the accusations would make him less efficient in the Senate. He noted he has actually said sorry to women who have actually felt disrespected and “to everybody I have pull down.”

“I believe this will take some time,” he told Minnesota Public Radio. “I am trying to manage this in a way that adds to an essential conversation. And to be a better public servant and a much better male. That is exactly what my goal is.”

Franken’s personnel didn’t react to duplicated interview demands from The Associated Press.

Franken came to the Senate after a months-long recount offered him a 312-vote triumph in his 2008 election. He instantly tried to distance himself from his years of expert funny, which included x-rated writing and off-color jokes. He likewise prevented nationwide press reporters.

Lots of women who have actually worked with Franken, consisting of previous Senate staffers and women who dealt with him on NBC’s “Saturday Night Live,” signed statements supporting Franken following Tweeden’s allegations.

Elton John makes a victorious and inspiring return to Las Vegas

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Denise Truscello Elton John will finish up his “Million Dollar Piano” residency at the Colosseum in the spring of 2018.

Friday, Oct. 13, 2017|midnight

Elton John was in Australia on Oct. 1, getting ready for a postponed go back to his headlining production “The Million Dollar Piano” at the Colosseum in Caesars Palace. The delay was due to a serious bacterial infection he unfortunately picked up while exploring in South America, triggering him to cancel a long string of spring shows in Las Vegas.

“I couldn’t think it,” he said of enjoying reports of the Path 91 shooting from another continent. “This is a town that has actually been so kind to me. I have actually been appearing here throughout my career however a lot considering that 2005 and it has a big location in my heart. Each time something happens like that, a killing like that, it stays in our hearts as artists since we cannot do anything other than play music to attempt and recover the wounds. But it does have a profound impact on us, and I just feel for this town.”

John and his band did whatever they could to heal in his first show back Wednesday night, powering through hits from various ages and individual favorites that resonated with a near capacity Colosseum audience. After opening with “The Bitch is Back” and a powerfully percussive variation of “Bennie and the Jets,” John moved into “Rocket Male” and added a prolonged musical coda, stunning on the keys with some aid from guitarist Davey Johnstone. Three songs in and the audience feared.

Another prolonged jam session trailed the next tune, “Levon” from 1971’s “Madman Across the Water” album. Then it was back to the classics with “Tiny Dancer” and “Your Tune,” the latter which previewed by a brief explanation of how John and longtime composing partner Bernie Taupin have actually crafted their brochure. “We’ve been together 50 years and it’s rather remarkable. We have actually never ever had an argument,” he said. “He gives me a lyric and from the word go, I have actually gone always gone into another space and written the tune. We’ve never ever been in the exact same space when we have actually written a tune, which is probably why we’ve lasted 50 years.”

The 70-year-old legend’s voice ended up being warmer and more flexible for “Your Song,” and he sounded much better and much better as the show went on. “Bye-bye Yellow Brick Road,” “I Guess That’s Why They Call it the Blues” and “I’m Still Standing” came out to play, naturally, but he also dug into “Indian Sunset” (with some dramatic drumming from another legend, percussionist Ray Cooper) and “Empty Garden,” a song composed in 1982 for John’s dear buddy John Lennon. Early, hard-charging hits “Crocodile Rock” and “Saturday Night’s Alright for Combating” worked the audience into a climactic frenzy– and welcomed some onstage– prior to John re-emerged in a hot pink sequined jacket for the finale, “Circle of Life.”

Elton John couldn’t be happier to be back in town, and Las Vegas couldn’t be better to have him. But bear in mind: His residency wraps up in the spring, with final dates set for April 28 to May 19, 2018. This is not a show you want to miss.

“Elton John: The Million Dollar Piano” continues at the Colosseum at Caesars Palace at 7:30 p.m. on Oct. 13, 14, 15, 18, 20, 21, 24, 25, 27 and 28, and Nov. 1, 3 and 4. The program returns once again in February. For additional information, check out thecolosseum.com.

Bracing for Harvey'' s return, worry renews: Is the worst to come?

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David J. Phillip/ AP Rescue boats fill a flooded street as flood victims are evacuated as floodwaters from Hurricane Harvey increase Monday, Aug. 28, 2017, in Houston.

Tuesday, Aug. 29, 2017|2 a.m.

Cyclone Harvey Launch slideshow” HOUSTON– Crews overwhelmed by countless rescue calls throughout one of the heaviest rainstorms in

U.S. history have actually had little time to search for other prospective victims, but officials acknowledge the grim truth that casualties connected to Harvey could skyrocket once the ravaging floodwaters recede from among America’s most vast metropolitan centers. More than 3 days after the storm ravaged the Texas shoreline as a Category 4 typhoon, authorities had actually confirmed only 3 deaths

— including a lady killed Monday when heavy rains dislodged a big oak tree onto her trailer home in the town of Porter. But unofficial reports of others missing or presumed dead were growing.”We know in these type of occasions that, unfortunately, the death toll goes up traditionally, “Houston authorities Chief Art Acevedo told The Associated Press. “I’m actually worried about the number of bodies we’re going to discover. “One Houston female said Monday that she presumes 6 members of a family, including 4 of her grandchildren, passed away after their van sank into Greens Bayou in East Houston, though Houston emergency situation authorities might

n’t confirm the deaths. Virginia Saldivar told The Associated Press her brother-in-law was driving the van Sunday when a strong current took the automobile over a bridge and into the bayou. The motorist was able to go out and urged the kids to escape through the back door, Saldivar said, but they might not.” I’m simply hoping we discover the bodies,”Saldivar stated. And a spokesperson for a Houston hotel states among its staff members vanished while assisting about 100 guests and employees evacuate the structure amidst rising floodwaters.

The catastrophe is unfolding on an impressive scale, with the nation’s fourth-largest city primarily disabled by the storm that has parked itself over the Gulf Coast. With almost 2 more feet of rain expected on top of the 30-plus inches in some locations, authorities stressed the worst may be yet to come. The Houston city area covers about 10,000 square miles, a location slightly bigger than New Jersey. It’s crisscrossed by about 1,700 miles of channels, creeks and bayous that drain pipes into the Gulf of Mexico, about 50 miles to the southeast from downtown. The storm is creating an amount of rain that would typically be seen only as soon as in more than 1,000 years, stated Edmond Russo, a deputy district engineer for the Army Corps of Engineers, which was worried that floodwater would spill around a pair of 70-year-old reservoir dams that secure downtown Houston. Rescuers on the other hand continued plucking individuals from inundated neighborhoods. Mayor Sylvester Turner put the number by authorities at more than 3,000. The Coast Guard said it likewise had saved more than 3,000 by boat and air and was taking more than 1,000 calls per hour. Chris Thorn was amongst the many volunteers still helping with the mass evacuation that began Sunday. He drove with a buddy from the Dallas area with their flat-bottom hunting boat to pull complete strangers out of the water. “I couldn’t sit in your home and watch it on TV and not do anything because I have a boat and all the tools to help, “he stated. A mandatory evacuation was purchased for the low-lying Houston residential area of Dickinson, the home of 20,000. Authorities mentioned the city’s fragile infrastructure in the floods, limited working utilities and concern about the weather report. In Houston, questions continued to swirl about why the mayor did not

provide a comparable evacuation order. Turner has consistently safeguarded the decision and did so again Monday, firmly insisting that a mass evacuation of millions of people by vehicle was a higher danger than sustaining the storm. “Both the county judge and I took a seat together and chose that we were not in direct path of the storm, of the typhoon, and the most safe

thing to do was for individuals to stay put, make the needed preparations. I have no doubt that the choice we

made was the ideal choice.”He added, “Can you imagine if countless individuals had left the city of Houston and after that attempted to come back in today? “By Monday night, 7,000 people had actually arrived at the city’s largest shelter established inside the George R. Brown Convention Center– which initially had actually an estimated capacity of 5,000. Red Cross spokesperson Lloyd Ziel said that volunteers made more space inside the center, which also was used to house Typhoon Katrina refugees from New Orleans in 2005, in part by pushing some cots more detailed

together. A scarcity of cots indicates some people will need to sleep on chairs or the flooring. The center settled in the evening, after a periodically disorderly day that saw thousands of evacuees arrive in the putting rain. Officers and volunteers at times hurried to take care of those with medical needs. At the Addicks and Barker reservoirs, the

Army Corps began releasing water Monday due to the fact that water levels were climbing up at a rate of more than 6 inches (15 centimeters )per hour, Corps spokesman Jay Townsend said. The move was supposed to help shield business district from floodwaters, however it also ran the risk of flooding thousands more homes in neighboring neighborhoods.

Constructed after devastating floods in 1929 and 1935, the tanks were developed to hold water until it can be released downstream at a regulated rate. In the Cypress Forest Estates community in northern Harris County, people called for help from inside houses as water from a close-by creek rose to their eaves. A stable procession of rescue boats drifted into the area. Harvey increased slightly in strength Monday as it wandered back over the warm Gulf, according to the National

Hurricane Center. Forecasters expect the system to stay over water with 45 mph winds for 36 hours then head back inland east of Houston sometime Wednesday. The system will then head north and lose its tropical strength. Prior to then, up to 20 more inches of rain could fall, National Weather Service Director Louis

Uccellini said Monday. That means the flooding will worsen in the days ahead and the floodwaters will be sluggish to decline once Harvey lastly proceeds, the weather condition service said. At some point Tuesday or early Wednesday, parts of the Houston area will most likely break the nearly 40-year-old U.S. record for the most significant rainfall from a tropical system– 48 inches– set by Hurricane Amelia in 1978 in Texas, meteorologists stated. The quantity of water in Houston was so unmatched that the weather condition service on Wednesday needed to upgrade the color charts on its official rainfall maps to

suggest the heavier overalls. In Louisiana, the images of the destruction in Houston stirred

uncomfortable memories for lots of Cyclone Katrina survivors.” It actually stimulated a lot of feelings and heartbreak for the people who are going through that now in Houston,”Ray Gratia said as he picked up sandbags for his New Orleans house, which flooded throughout the 2005 cyclone. In Washington, President Donald Trump’s administration guaranteed Congress that the$3 billion balance in the Federal Emergency Management Agency’s catastrophe fund sufficed to manage immediate

needs, such as debris removal and short-lived shelter for displaced homeowners. The White Home said Monday night that the president and first girl will go to Corpus Christi and Austin on Tuesday.

They will receive rundowns on the relief efforts by regional leaders and companies. Harvey was the fiercest hurricane to strike the U.S. in

13 years and the greatest to strike Texas considering that 1961’s Typhoon Carla, the most powerful Texas hurricane on record.

Betting on Big Houston Return, CPPIB Buying Office REIT Parkway for $1.2 Billion

Houston workplace property REIT Parkway Inc.(NYSE: PKY), the spin-off financial investment trust formed to take control of the Houston holdings of Parkway Properties and Cousins Characteristics following their 2016 merger, is being purchased by the Canada Pension Plan Financial investment Board (CPPIB) for $1.2 billion, ($23.05 per share).

The offer, which is not subject to a financing condition, consists of $19.05 per share plus a $4 unique dividend to be paid prior to closing, representing a premium of roughly 14.3% when compared with Parkway’s 30-day volume weighted average cost ended June 29, 2017.

The REIT’s stock leapt 12% this morning on the news.

Parkway’s board of directors all approved the contract. TPG Capital and its affiliates, which collectively own around 9.8% of the impressive common stock of Parkway, have actually consented to enact favor of the transaction.

“Parkway fits well with CPPIB’s long-term property strategy to hold stable, premium properties in big U.S. markets,” said Hilary Spann, handling director, head of U.S. real estate financial investments, CPPIB. “Through this financial investment, CPPIB gains additional scale in Houston.”

Earlier this year, CPPIB showed it was something of a contrarian financier whern it obtained a major stake in an 11-building Houston workplace portfolio including Greenway Plaza and Phoenix Tower from Parkway Inc. for $141 million. The deal pegged the full value of that 4.9 million-square-foot portfolio at $1.045 billion, an implied $210 per square foot.

CPPIB joined with TH Property and Silverpeak Real Estate Partners in the joint venture with Parkway to own the Greenway portfolio. CPPIB took a 24.5% interest, and TH Realty and Silverpeak own a combined 24.5%, with Parkway maintaining a 51% interest.

Parkway owns the biggest workplace portfolio in Houston, amounting to 8.7 million square feet throughout 19 properties situated in the Greenway, Galleria and Westchase submarkets of Houston. The residential or commercial properties were 87.6% rented as of March 31, 2017.

“CPPIB shares our view of the long-lasting resiliency of the Houston market,” said James R. Heistand, Parkway’s CEO. “Our company believe there are still some near-term headwinds in the office sector for Houston, but the implied property assessment of this transaction reveals CPPIB’s appreciation for the top quality portfolio we have actually assembled and the near-term stability it provides throughout the present slump in the market.”

The offer is anticipated to close in the 4th quarter of 2017, subject to customary closing conditions, including approval by Parkway’s investors.

HFF Securities LP acted as financial consultant to Parkway, and Hogan Lovells served as Parkway’s legal counsel.