Tag Archives: review

Latest Update: Pure Multi-Family Consent To Strategic Review Process, Explore Potential Sale

Move Follows Criticism of REIT’s Board from Major Investor for Choosing Not To Work Out with Florida Bidder’s Unsolicited Deal

In the most recent development late Thursday, Pure Multi-Family REIT’s board agreed to initiate a formal process to explore the possible sale of the business. The procedure will be supervised by the unique committee of the REIT’s independent directors.

The decision to engage the unique committee follows criticism from some unitholders following the board’s choice to decline an unsolicited offer from Florida-based Electra America after Pure’s board concluded the proposals do not completely worth its multifamily portfolio which other possible buyers can paying a higher value.

” Research study experts widely support Pure Multi-Family’s decision to decline Electra’s propositions, highlighting they do not totally show the worth inherent in the REIT’s high quality portfolio,” the business said in a statement, which included supporting quotes from several research study analyst reports.

Scotiabank and Farris Vaughan Wills & & Murphy LLP are acting as financial and legal consultants to the REIT’s unique committee.

The choice by Pure’s board came after Vision Capital, one of the largest investors of Pure Multi-Family REIT LP, released a scathing release on Wednesday slamming the Vancouver-based business for choosing not to negotiate with a buyer making an unsolicited quote for all its units.

In a letter resolved to Fraser Berrill, a director and chair of the nominating and governance committee of the REIT, which is listed in Canada however purchases multifamily apartment or condos in significant U.S. Sun Belt markets, Vision implicated the board of “entrenching management” and suggested the business is taking a look at “alternative courses” that would not serve shareholders.

The letter, launched late Wednesday after markets had actually closed, is the most recent escalation in the significantly bitter fight that went public today when Lake Park, FL-based Electra America, which is owned by a Tel Aviv noted business, went public saying it has actually been attempting to take over the Canadian REIT because December 2017.

Electra, which together with its affiliates has acquired, run and offered more than 150 multifamily neighborhoods representing more than 40,000 home units valued at more than US$ 3 billion, stated that on March 26, 2018, it extended a deal to get 100 percent of the exceptional Class A systems of Pure for an all-cash cost per unit of US$ 7.59, representing a 24 percent premium to the last closing volume-weighted-average trading cost on the TSX Venture Exchange.

Electra said the latest deal is a premium to exactly what it wanted to pay on Dec. 12, 2017, but Pure has actually declined the bid as inadequate.

Vision, which owns about 6 percent of Pure, supports the bid and released a direct plea to shareholders.

” Our viewpoint on the Electra proposal reflects the interests of not only Vision, acting in its fiduciary capability as supervisor of the Vision Funds, but exactly what we believe is in the very best interests of Pure and all of its unitholders, a number of whom have contacted us on an unsolicited basis since the issuance of Electra’s last news release that referenced Vision’s assistance for Electra’s latest offer,” the company said. It added Vision has received other calls from institutional investors supporting the bid.

Bay St. experts have actually recommended a higher price might be the result of the battle but Dean Wilkinson, an analyst with CIBC World Markets, motivated the REIT to at least enter discussions with Electra.

” The offer is perhaps earlier than we would have otherwise expected, however we surmise most investors would likely be open to such a transaction and, in spite of the REIT’s current position as expressed by the unique committee, would perhaps prefer to see a higher level of engagement with Electra in regards to such proposition,” stated Wilkinson, in a note to clients, prepared with his research study personnel. “Absent such engagement, we think there is a possibility that Electra could take its offer to the unitholders directly, although we believe the best result for all parties would be a worked out agreement with board support.”

Vision has actually hinted that Pure will likely seek an alternative to fend off the hostile quote from Electra.

” In our experience, boards wishing to entrench themselves typically pursue and promote an alternative deal that does not come in the type of an immediate premium to unitholders, but rather is structured as an acquisition or company combination that may consist of the issuance of dilutive equity and/or the purchase of assets at an increased worth, but that keeps some or all of management and the Board in place,” stated Vision.

” The Board is likewise duty-bound not to promote or seek out an option (dilutive) transaction at the expenditure of the possibility of an all-cash premium buy-out for existing unitholders.”

Garry Marr, Toronto Market Press Reporter CoStar Group.

Review + photos: Neil Young is too huge to fail at the Chelsea


Erik Kabik/ ErikKabik.com

Neil Young at the Chelsea on Sunday, Oct. 11, 2015, in the Cosmopolitan of Las Vegas

Tuesday, Oct. 13, 2015|1:07 a.m.

Neil Young at the Chelsea
Neil Young at the Chelsea on Sunday, Oct. 11, 2015, in the Cosmopolitan of Las Vegas.Introduce slideshow “

Ask former bandmate Graham Nash, simply in passing, simply making discussion at a mixer, why they just do not make music the way Neil Young did anymore, and the genteel British singer-songwriter will provide an almost-imperceptible sigh before telling you really pleasantly that you have no concept what you’re talking about.

Neil Young still writes songs like Neil Young did.

Young, the 69-year-old rock star, invested more than 3 hours at the Cosmopolitan on Sunday night with band Guarantee of the Genuine proving the point and demonstrating why Wanderer called the tour “impressive.”

It was epic. The triune Young was in complete display screen: the father of grunge, kid of the ’60s and ghostly bittersweet balladeer.

Outside the Chelsea, tents had actually been established for political activists who work on causes important to Young. They visit with him passing out free copies of Mom Jones and Earth Island Journal, packets of romaine lettuce seeds and condoms with images of endangered wildlife on their wrappers.

Concertgoers were asked to boycott Kellogg’s, indication letters to their congress member over GMO labeling, save emperor butterflies and return buffalo to Native American lands. There also was a sparsely gone to camping tent offering Young’s Pono music gamer and a well-attended kiosk hawking T-shirts.

Inside, 2 men dressed as farmers– straw hats and blue jeans– opened the show by spreading seeds throughout the stage. Young snuck on as they leaked water from cans, playing piano and singing “After the Gold Rush.”

Drawing heavily on tracks from 1972’s “Harvest” and its 1992 follow-up “Harvest Moon,” Young was soon joined by his current band, which had fun with him on his 2015 cd “The Monsanto Years” and consists of Lukas and Micah Nelson, kids of nation vocalist Willie Nelson.

(Lukas revealed an uncannily comparable voice to his daddy’s when he took a turn in the spotlight covering “September Tune.”) Young’s high-range, tremulous voice revealed little indications of age, even on “Burned,” a Buffalo Springfield workout he seldom plays live, but he revealed more of a sense of duty than enjoyment in covering crowd favorites.

The middle section of the performance was announced by a group of men using white Hazmat fits and spraying smoke onstage (roundly booed). That was when Young flaunted simply how important an artist he remains regardless of his 70th birthday next month. The male who as soon as alerted that “Nixon’s coming” now sounds alarms about agribusiness giant Monsanto, Starbucks, the Keystone pipeline, the Resident’s United decision, “fascist” politicians and too-big-to-fail banks.

In the most artistically achieved song of this area, “Individuals Wish to Hear About Love,” Young sang about how audiences would rather not to listen to songs about how Monsanto and Starbucks blocked a GMO-labeling law in Vermont– after having actually played some of the most heartbreaking love songs in the rock canon.

(Doesn’t really matter the number of times you have actually heard “Harvest Moon”– hearing it live will send out fat tears streaming down your face.) Then, to stick the contrarian posture home, Young got into an ironical argument with an audience member who disagreed with him. In other words, it was crispy protest granola for the NPR set– as if Jonathan Franzen traded pen for guitar, or if Bernie Sanders could carry a tune.

From there, Young and the band entered into complete traditional rock mode, including a prolonged jam on “Cowgirl in the Sand” in which the 4 males carrying guitars huddle together to riff. It was everything that poptimist critics cannot stand about dad rock: Stompy, unsubtle, face-melting, fedora-wearing, repeated, loud, barely held together, onanistic, manspreading guitarsplaining.

It was splendid, as opener Jenny Lewis, a Las Vegas native and previous lead singer of indie band Rilo Kiley, put in hours earlier throughout her by turns cocky and confessional set. “My moms and dads fulfilled in Vegas. They had a lounge act at the Sands,” she stated. “If I could inform my dad, who’s not with us, that I was opening for Neil Young, he ‘d go crazy.”

Neil Young was with us. And to enjoy the faces of his bandmates, young enough to be Young’s grandchildren, throughout closing renditions of “Powderfinger” and “Love and Only Love” was to observe that they were going crazy, too.

He didn’t play “Helpless,” though.

Scott Lucas is the assistant handling editor for politics at the Las Vegas Sun.

Cosmopolitan of Las Vegas.

The Cosmopolitan of Las Vegas dares to be different. From the hotel’s red reservations desks to fine art found throughout the resort, The Cosmopolitan’s signature design is helping to pave its own path on the Las Vegas Strip.

Upon entering the resort, you’re greeted by pillars of video boards playing video art by Digital Kitchen and David Rockwell Studio specifically produced for The Cosmopolitan. Simply beyond that, you’ll find all your preferred gambling establishment video games on the resort’s 100,000-square-foot casino floor.

The Cosmopolitan’s rooms standout as the resort’s most unique feature. About 2,220 of The Cosmopolitan’s 2,995 rooms have 6-foot deep balconies that cover the length of the space, an initially at a modern-day Strip hotel. Other in-room facilities include soaking tubs, kitchenettes and quirky devices like artsy coffee table books.

The dining experience at The Cosmopolitan isn’t something you’ll discover at other Strip resorts, either. All The Cosmopolitan’s 13 restaurateurs are brand-new to the Las Vegas market. You’ll find American steakhouse fare in a modern-day setting at STK, superior sushi at Blue Ribbon Sushi Bar & & Grill and the freshest fish flown in from the Mediterranean everyday at Estiatorio Milos.

Whether the sun is up or down, Marquee Club & & Dayclub is the place to find the celebration at The Cosmopolitan. The venue is a dayclub/nightclub, total with a swimming pool and cabanas outside and 3 different rooms with three different vibes inside.

If clubs aren’t your thing, you can get hold of a drink at one of The Cosmopolitan’s five other bars, like The Chandelier, which is encased in 2 million leaking crystals.

3708 S. Las Vegas Blvd. Las Vegas, NV 89109

Review + images: D’Angelo is at the top of his video game at the Chelsea


Erik Kabik/ ErikKabik.com

D’Angelo and The Vanguard carry out at the Chelsea on Friday, Aug. 21, 2015, in the Cosmopolitan of Las Vegas

Monday, Aug. 31, 2015|10:34 p.m.

D’Angelo at the Chelsea
D'Angelo and The Vanguard perform at the Chelsea on Friday, Aug. 21, 2015, in the Cosmopolitan of Las Vegas.Launch slideshow “

D’Angelo is not your typical neo-soul entertainer.

Since the release of his comeback album “Black Messiah” in 2014, D’Angelo has totally revamped himself– from his noise to phase presence and his overall image.

This was no exception throughout his show Aug. 21 at the Chelsea in the Cosmopolitan of Las Vegas.

The R&B crooner, extensively understood for his smooth love hits consisting of “Brown Sugar,” “Girl” and “Untitled (How Does It Feel),” brought indisputable energy to the Chelsea stage as he directed the spirit of music icons James Brown and Prince.

He has even recruited a new band, The Lead, which includes bassist Pino Palladino of The Who, guitar players Jesse Johnson of The Time and Isaiah Sharkey and drummer Chris “Daddy Dave.”

The crowd roared with enjoyment as members of the 10-man band entered the stage one at a time and took their positions about 9:30 p.m.

. As The Lead began playing the guitar-heavy single “Ain’t That Easy,” D’Angelo made his method to the stage holding a bedazzled guitar with his name inscribed on it.

Each entertainer was garbed in mainly black clothes, however D’Angelo stuck out in a long black raincoat with scruffy sleeves and advanced fedora. Nevertheless, he dumped the coat by the second tune.

D’Angelo went on to perform “Betray My Heart” from the December-released cd and transitioned into crowd favorites including “Wish You” and “Really Love,” which sounded much more exceptional live than taped.

When it pertained to vocals, he was at the top of his game as he went from his falsetto to tenor and greater notes effortlessly. He even wailed at times like a minister and permitted his voice to go wherever the spirit led him. His vocalists harmonized with him wonderfully like a choir.

An emphasize from the night consisted of an emotional performance of “The Charade” as D’Angelo spoke about police cruelty in black communities. Red-and-white lights flashed quickly onstage appearing like sirens, and the artists started to play louder, developing an intense state of mind.

“We’re going to do this for all the family victims of police cruelty,” he stated.

D’Angelo told the reader to hold up their ideal fists. In the chorus, he sings, “All we wanted was a possibility to talk/ ‘Stead we just got laid out in chalk/ Feet have bled a million miles we’ve strolled/ Revealing at the end of the day, the charade.”

After the enthusiastic efficiency, D’Angelo went into his 1995 launching single “Brown Sugar.”

He bounced around the phase as if he was a choir leader and broke the audience into 2 singing parts, advising the females to sing “suggaa-ahhh” and the men to balance “I desire some of your brown sugar.”

They did as they were informed.

D’Angelo and The Vanguard mastered musicianship, and each song they performed was at least 10 minutes long with jam sessions at the end. D’Angelo funnelled the spirits of Brown and Prince as he called the band to hit him one time, then two times, then eight times and so forth. The band showed that they might hang.

About 2 hours into the program, D’Angelo thanked the reader for coming and then left the phase. The crowd shouted for a repetition and within a couple of minutes he returned to perform his 2000 “Voodoo” single “Untitled (How Does It Feel).”

Considered as one of the most seductive songs he’s ever made, he made it even sexier with a bluesy feel. But this time he was fully dressed, putting on a black tunic, fitted trousers and a blue hat.

D’Angelo teased the reader, approaching the mic to sing and then withdrawing, smirking and shaking his head as if the reader could howl louder (which was probably not possible). He did this several times prior to finally vocal singing.

He flirted and winked at girls closet to the phase. One female in the crowd literally fell to the ground as if the holy spirit at a Baptist Church had actually moved her when he touched her hand.

D’Angelo went to the keys, and the spotlight shined on each of the musicians as they displayed their abilities separately. Fittingly, D’Angelo was the last person left onstage.

Not only did D’Angelo rock the phase, but he also had fun doing it. As he took the reader on a journey through gospel, funk, pop and R&B, he showed that, although he had been away from music for almost 14 years, he never left. The “Black Messiah” is only getting better.

The night’s setlist consisted of “Ain’t That Easy,” “Betray My Heart,” “Prayer,” “The Charade,” “Brown Sugar,” “Sugah Daddy,” “Back to the Future,” “Left & & Right” and the repetition “(Untitled) How Does It Feel.”

Kailyn Brown is a Las Vegas Sun intern.

Robin Leach of “Lifestyles of the Rich & & Famous” popularity has been a reporter for more than 50 years and has actually invested the past 15 years providing readers the within scoop on Las Vegas, the world’s premier platinum playground.

Follow Robin Leach on Twitter at Twitter.com/ Robin_Leach.

Follow Las Vegas Sun Home entertainment + Luxury Elder Editor Don Chareunsy on Twitter at Twitter.com/ VDLXEditorDon.

Cosmopolitan of Las Vegas.

The Cosmopolitan of Las Vegas attempts to be different. From the hotel’s red reservations desks to art discovered throughout the resort, The Cosmopolitan’s signature design is helping to pave its own path on the Las Vegas Strip.

Upon getting in the resort, you’re greeted by pillars of video boards playing video art by Digital Kitchen area and David Rockwell Studio exclusively produced for The Cosmopolitan. Just beyond that, you’ll find all your favorite casino games on the resort’s 100,000-square-foot gambling establishment floor.

The Cosmopolitan’s rooms standout as the resort’s most unique feature. About 2,220 of The Cosmopolitan’s 2,995 spaces have 6-foot deep balconies that extend the length of the room, an initially at a contemporary Strip hotel. Other in-room amenities include soaking tubs, kitchenettes and wacky accessories like artsy coffee table books.

The dining experience at The Cosmopolitan isn’t really something you’ll find at other Strip resorts, either. All The Cosmopolitan’s 13 restaurateurs are new to the Las Vegas market. You’ll find American steakhouse fare in a modern setting at STK, top-notch sushi at Blue Ribbon Sushi Bar & & Grill and the best fish flown in from the Mediterranean daily at Estiatorio Milos.

Whether the sun is up or down, Marquee Nightclub & & Dayclub is the location to find the celebration at The Cosmopolitan. The venue is a dayclub/nightclub, complete with a pool and cabanas outside and 3 various living rooms with 3 various vibes inside.

If clubs aren’t your thing, you can grab a beverage at one of The Cosmopolitan’s five other bars, like The Chandelier, which is enclosed in 2 million leaking crystals.

3708 S. Las Vegas Blvd. Las Vegas, NV 89109

600 court cases under review in California corruption probe

Friday, June 12, 2015|11:57 p.m.

SANTA ANA, Calif.– Hundreds of Orange County lawsuit are being scrutinized amid suspicions that somebody was paid to fix DUI and other traffic offenses by falsifying court records.

The FBI and county district attorneys are examining, and about 600 Superior Court cases, some dating to 2006, are preceding a judge this month to figure out whether they must be reheard, the Orange County Register reported (http://bit.ly/1B8TvRo).

The probe involves suspicions that some staff members taped phony sentence decreases and dismissals for inebriated driving and misdemeanor traffic cases and in at least one case, wrongly made it appear an offender had served prison time, the Register reported.

No arrests have been made. Representatives for the FBI, the court and the county district attorney’s workplace declined to comment.

On Friday, 110 attorneys and previous criminal accuseds were mobilized to the courtroom of Judge Thomas Borris and told there were mistakes in the court records. “You are here to convince me there is not a mistake in your case,” Borris said.

“There has been a clerk somewhere that was entering incorrect information … getting money in exchange for making things disappear,” said Sheny Gutierrez, among the lawyers who appeared.

Ramon Vasquez stated he was given a work program in 2012 after pleading guilty to driving on a suspended license. The judge stated the case would be reversed unless he produced files, the Register stated.

“I think it’s injustice,” Vasquez said. “If there’s a defect in the court system, it’s on them, it’s not on us.”

Borris eventually reversed settlements in about a dozen cases. The accuseds were provided the alternatives of negotiating with a prosecutor or the judge or employing a personal lawyer.

Jesus Sanchez, 29, drove from Arizona to appear. His misdemeanor charge of driving on a suspended license was dismissed in 2012. After appearing before the judge, he accepted plead guilty to the misdemeanor and pay a fine.

FBI representatives waited in the hall beyond the courtroom to question accuseds and show them mug shots, the Register reported.

The judge also shopped for the immediate arrest of Harania Farias, who had actually stated she had served three months in a personal jail in La Verne on a 2013 DUI charge. She was apprehended in court and held without bail, the paper reported.

Not just did the private prison verify Farias never existed, documents revealing that she was permitted to serve time there appeared to be forged, and Lolita Kirk, the attorney who supposedly submitted the files, informed the Register she never had represented the lady.

Other lawyers noted as attorneys of record informed the judge that they had actually never represented the offenders. Lawyer Charmaine Druyor stated that, in the courthouse on Friday, she met the person she apparently had actually defended and recognized that she had actually never represented him.

“It’s extremely odd, everything going on right here today. It’s simply bizarre,” she said.

Las Vegas Review-Journal gets a new publisher

Released Thursday, June 11, 2015|3:36 p.m.

Updated Thursday, June 11, 2015|3:53 p.m.

Nevada’s largest paper has a new publisher credited with growing blood circulation and business at the newspapers he’s led.

GateHouse Media revealed Thursday that Jason Taylor will be president and publisher of the Las Vegas Review-Journal.

Taylor shows up in Las Vegas almost a year into his tenure as president and publisher of The Clarion-Ledger in Jackson, Mississippi, which is owned by Gannett Co. He was president of the Chattanooga Times Free Press in Tennessee for 7 years, and senior vice president of sales and marketing for The Honolulu Advertiser.

Taylor is anticipated to begin July 6 and will also lead the business’s brand-new GateHouse Media Live and Virtual Occasions division from Las Vegas.

GateHouse is a completely owned subsidiary of New York-based New Media Financial investment Group Inc., which bought the Review-Journal from Stephens Media LLC in February.