Tag Archives: rocking

Weekend Rewind: Unveiling the Palms, rocking the Signboard Music Awards and more

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Courtesy Clique Hospitality It’s time to take in the view from the top of the Palms again at Apex Social Club.

contact) Tuesday, Might 22, 2018|2 a.m. What. A. Weekend. It’s hard to recall anything that occurred prior to Sunday, when the Electric Daisy Carnival covered its 8th festival at the Las Vegas Motor Speedway after the Signboard Music Awards flooded MGM Grand and the rest of the Strip with music’s most significant super stars after the Vegas Golden Knights beat Winnipeg to earn their location in the Stanley Cup Finals. Sure, that last one didn’t happen in Las Vegas, however the countless fans cheering at Toshiba Plaza didn’t mind.

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> Denise Truscello Elton John says farewell to the Colosseum on May 17. Sunday was a whirlwind however Thursday was a huge Vegas night, too. Elton John took his last bow at the Colosseum after the last performance of “The Million Dollar Piano,” his 2nd Las Vegas residency at the Caesars Palace venue.

Meanwhile, simply throughout I-15, Station Gambling establishments tossed a decadent party to unveil brand-new features at the Palms. Basic supervisor Jon Gray welcomed an exclusive collection of visitors, including his mentor and the original owner of the resort, George Maloof, to the striking brand-new casino bar the Unidentified, named after the Damien Hirst tiger shark art setup that sits atop the bar and commands attention. Also new on the casino level and worth a go to as soon as you can handle are the swanky Camden Cocktail Lounge and the brilliantly redesigned dining establishment Scotch 80 Prime, formerly the N9NE Steakhouse area. Stalwart chef Barry Dakake is still running the kitchen area but this is an all-new experience. The celebration culminated with awesome views from new 55th-floor nightspot Apex Social Club, where surprise guest J. Cole carried out with the Strip skyline behind him.

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Chris Pizzello/AP Janet Jackson carries out at the Billboard Music Awards at MGM Grand Garden Arena May 20.

Stars in the area for EDC or the Billboards made the rounds over the weekend. Rap artist Wiz Khalifa dined at Estiatorio Milos at the Cosmopolitan on Friday. Christina Aguilera took over the personal dining room at Tao Sunday after her Signboards duet with Demi Lovato while rappers French Montana, Lil Pump and 21 Savage also enjoyed the Venetian location. DJ Khaled and T.I. dined at Cosmo’s Appeal & & Essex on Sunday after the awards show, the very same area Shawn Mendes and Backstreet Young Boy (and Vegas homeowner) Nick Carter visited Saturday night. “That 70s Show” actor Wilmer Valderrama brunched at Palazzo’s Morels Steakhouse on Friday. Jennifer Lopez hosted a private party to commemorate her new single “Dinero” at the brand-new Spago, opening soon at Bellagio, and rapper-of-the-moment Post Malone popped into Hakkasan to perform at the Billboards afterparty.

One last award program note: How remarkable was Janet Jackson? She was presented the Icon Award by Bruno Mars after a scorching efficiency with an army of dancers and mesmerized the MGM Grand Garden crowd and substantial TV audience with a gorgeous, uplifting speech. I said it after I saw her performance at Mandalay Bay in October and I’ll state it again now: Somebody provide Janet a Vegas residency show immediately.

Actress Leah Remini was also in the area and made the most of her Vegas time by reuniting with her “Dancing with the Stars” partner Tony Dovolani onstage at Chippendales at the Rio, where Dovolani is working as star visitor host through Might 27. Remini, celebrating her sis Nicole’s birthday, had so much fun dancing at the Rio that she returned for a repetition to close the show.

Blackstone Rocking CMBS Market with Set of Huge Funding Deals

Single Borrower Securitization Driving Activity; Giant PE Company Accounts for More Than One-Third of Those Deals

The Pinnacle I in Burbank, CA, will help secure a new CMBS offering backing an ew Blackstone acquisition.
The Pinnacle I in Burbank, CA, will help protect a brand-new CMBS offering backing an ew Blackstone acquisition. September capped off another active month for commercial home mortgage

securitizations with single debtor offers driving development. Year-to-date CMBS issuance now stands 40% higher compared to this time last year. The majority of that activity is the outcome of single-borrower deals, which are up 117%, while avenue CMBS loaning is up simply 10%, inning accordance with Morgan Stanley Research study. Predicted annualized issuance must now quickly surpass in 2015’s deal circulation.

Driving that single-borrower surge are deals tied to one firm: Blackstone Group (NYSE: BX ). CoStar news counts 54 single-borrower CMBS deals this year amounting to $32.8 billion, including 7 multifamily deals from Freddie Mac. Of those 54, Blackstone affiliates are the borrowers in 13 of the cases totaling $10.6 billion in deal issuance.

That represents a large increase for the private equity giant, which last year was associated with simply three CMBS offers totaling $3.24 billion.

And the New York-based PE fund has two more CMBS handle the works financing its 2 newest purchases.

Deutsche Bank and UBS Securities are preparing an offering protected by home loans on Blackstone purchase of six Class A workplace residential or commercial properties in Burbank, CA. For the 2nd funding, Citigroup is leading an offering secured by Blackstone’s current purchase of the International Market Centers in North Carolina and Nevada.

” Huge offers always go the CMBS market,” stated Richard Hill, executive director of Morgan Stanley Research study. “That’s because life insurance coverage companies normally don’t prefer to partner together, and their bite-size is typically limited to around $300 million to $400 million. Anything larger than this generally discovers its method to CMBS.”

CMBS borrowing also features relatively low interest rates and provides financiers access to higher quality assets and increased transparency, other experts said.

Momentum in single-borrower deals is anticipated to drive issuance of business mortgage-backed securities in the 4th quarter too, inning accordance with Morningstar Credit Rankings, with the majority of those deals backed by workplace properties or hotels.

In spite of the extensive expectation that interest rates will increase, strong financier need for office buildings in significant markets is keeping capitalization rates low as the market gets in the fourth quarter.

As interest rates increase, the pattern of lower workplace cap rates is expected to reverse, but that won’t take place until next year, according to Morningstar. Office building investors have gained from a combination of limited building and construction, lower cap rates and increased net operating earnings to own evaluations sharply higher because 2010, inning accordance with Morningstar.Blackstone Buys Burbank Workplace Properties In the very first of the 2 brand-new CMBS securitizations involving Blackstone, affiliates of the company are purchasing control of a Burbank Media District office portfolio. The offer includes control of 3800 W. Alameda Ave. and 3821 W. Riverside Dr. purchased for$ 172.5 million from affiliates of Worthe Property Group. Worthe has actually kept an ownership stake in the properties and will continue to manage them for Blackstone. The offer likewise included Hudson Pacific Residence ‘( NYSE: HPP) 65% ownership in the Peak I at 3400 W. Olive Ave. and II at 3300 W. Olive. Blackstone agreed to pay$ 350 million, consisting of the assumption of$ 216 million of project-level funding. That part of the deal is expected to close by Nov. 1, 2017. Reports also suggest the sale consisted of 2900 and 3500 W. Alameda Ave. Blackstone’s purchase of the six workplace homes, with a

combined total of 3.3 million square feet, values the portfolio at a reported$

1.7 billion.Blackstone Completes Acquisition of International Market Centers Late last month Blackstone funds likewise completed the formerly reported acquisition of

International Market Centers Inc. from Bain Capital Private Equity and funds
managed by Oaktree Capital Management. Fireside Investments likewise partnered with Blackstone on the acquisition. Home loans financing that estimated $1.5 billion purchase will comprise the other CMBS securitization for Blackstone expected throughout the fourth quarter. IMC is the world’s largest owner and operator of showroom space for the furnishings, house decor and gift markets, with 12.2 million square feet of exhibit area in Peak, N.C. and Las Vegas

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Journey’s Jonathan Cain on Rock & & Roll Hall of Fame glory and rocking Las Vegas again

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Travis Shinn Journey returns to the Joint at the Acid rock Hotel for nine shows beginning May

contact) Tuesday, May 2, 2017|2 a.m. After a sold-out nine-show perform at the Hard Rock Hotel two years back, arena rock favorite Journey was already signed up for a second series of Las Vegas shows prior to it was announced last year the band would be inducted into the Rock & & Roll Hall of Fame. Call it best timing: The ceremony took place simply last month– it was relayed on HBO Sunday– and Journey opens another nine-show run at the Joint on Might 3.

We caught up with long time band member, keyboardist and songwriter Jonathan Cain to go over Journey’s go back to Las Vegas, the Hall of Popularity and how the band’s memorable tunes continue to resonate with fans.

What’s it like being inducted into the Rock & & Roll Hall of Popularity? Worth the wait. I think you appreciate things like that more when you get a little older and recognize how uncommon it is, but it actually hit me. It’s actually about the fans. I was so moved by their involvement in this thing. It makes you recognize, once again, that it’s the fans that got you there, and we liked having the ability to honor them for being devoted and loyal all these years. And this actually puts you in an elite status where you have to question, guy, we need to be pursued all these years! Losing Steve [Perry] back in the day and reforming … it’s evidence God likes you when you get one of these.

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Paula White Jonathan Cain Was it a more psychological moment since Steve was there for the induction? It was sweet. It was good to see him simply being himself. He seemed really at ease, comfortable in his skin. It truly just made it main, and it’s good to be main.

Now I’m thinking how interesting it will be nominate people I ‘d like to see in the hall, like Joe Cocker and Bad Company and Boston. I’m making a list. I suggest, the Moody Blues? Begin! That was remarkably cool music in its day, it was simply a long period of time ago. Does any person keep in mind those days? I do. They are one of the reasons I wanted to play rock ‘n roll. “Nights in White Satin?” I wanted to play like that.

You are so carefully connected to Journey tunes everyone likes and remembers, having written “Consistently” and co-written “Do not Stop Believin’,” specifically that opening piano line. People hear that opening part and just go crazy when that tune is coming on. It’s an honor to be attached that method, and lyrically I’m pretty attached to that tune too. I lived those days on Sunset Boulevard in the ’70s, the whole premise for the song. Living up in Laurel Canyon, imagining being a rock star some day. I got annoyed and would call my dad, and he actually said, “Don’t stop thinking.” And I composed it down. Okay, Father, I will not come back to Chicago. I’m gon na see it through. Sure enough, he was right, and the tune went on to end up being a mega classic. Steve grew up the very same way, wishing to sing in a well-known band, and when we got a hold of that lyric together we crafted something kind of ageless. We were both dreamers and discussing doing it. It’s the “permission to dream” tune.

You’re back at the Joint at the Acid rock Hotel. How did those initial 2015 programs feel? We truly loved the intimate surroundings. I enjoy playing smaller places where you can look the crowd in the eyes and they can see the sweat on your eyebrow, it’s a great, rejuvenating change from the arenas. It’s face to deal with. And Vegas crowds are different every night. You have actually got true fans out there and some looky-loos coming to have a look at out. You got ta bring it. And I like the concept that we can get our sound right and explore our catalog a bit.

This year we’re going to play Escape and Frontiers back-to-back [on the Wednesday night shows], so we’re opening with “Do not Stop Believin'” and closing with “Rubicon.” We did it in Tokyo a while back and we had a blast, so we believed, hello, let’s do it in Vegas.

Those are Journey’s seventh and eighth studio albums. There are a great deal of hits packed into those records. It’s kind of retracing history there. When you put Escape on, that’s 1981, that’s exactly what it sounded like. The closing tune on that album is “Open Arms.” So yeah, [doing this] is a little random, but it’s enjoyable. And who knows? Possibly it will bomb and we’ll understand and blend it up a bit more. However those are really good albums with jointly nearly 20 million in sales. We did something right with those.

You likewise have longtime drummer Steve Smith back with the band for this run of programs. He has a lot of measurement and includes some different dynamics to the band. He brings a swing and an orchestral sound, and with him the ballads are 2nd to none. We play them and it’s like remaining in the studio. He’s a wizard, and his solos are off the charts. Every night he’s doing something wild and great, and it’s a reward to have fun with a guy who arrange of architecturally helped develop the noise of Journey. He was essential to the sound of Escape and Frontiers for sure.

You live in Florida. Will you be spending all your time in Vegas during these shows? Are you preparing to explore a bit? I will. I are among those foodie men who goes out to try all the insane brand-new restaurants. I want to go to the Mob Museum. I like the desert and I’m a professional photographer so I wish to head out and shoot some things out there, invest some time with nature. I’m going to remain busy.

I constantly tell individuals God lives and well in Las Vegas. It’s not Sin City, it’s a city of grace. Once you meet individuals behind the scenes and see the neighborhood, you understand God has his hands on that town.

Journey performs at the Joint at the Acid rock Hotel May 3, 5, 6, 10, 12, 13, 17, 19 and 20. Tickets start at $59.50. For details, call 702-693-5000 or visit hardrocktel.com.