Commercial Property – Texans NFL Official Pro Shop http://texansnflofficialproshop.com/ Mon, 20 Jun 2022 14:07:57 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://texansnflofficialproshop.com/wp-content/uploads/2021/06/icon-4.png Commercial Property – Texans NFL Official Pro Shop http://texansnflofficialproshop.com/ 32 32 City economic development update scheduled for Tuesday – Pasadena Now https://texansnflofficialproshop.com/city-economic-development-update-scheduled-for-tuesday-pasadena-now/ Mon, 20 Jun 2022 13:25:38 +0000 https://texansnflofficialproshop.com/city-economic-development-update-scheduled-for-tuesday-pasadena-now/ On Tuesday, the Pasadena Office of Economic Development will present the city’s economic development update when the city council’s Economic Development and Technology Committee meets beginning at 5:30 p.m. A memorandum submitted by the Office of Economic Development ahead of the meeting shows that staff conducted a total of 55 broker outreach activities for the […]]]>

On Tuesday, the Pasadena Office of Economic Development will present the city’s economic development update when the city council’s Economic Development and Technology Committee meets beginning at 5:30 p.m.

A memorandum submitted by the Office of Economic Development ahead of the meeting shows that staff conducted a total of 55 broker outreach activities for the months of April and May, which includes calls or meetings with brokers offering information on market conditions, and at least 14 business outreach calls or visits to local business CEOs and CFOs during those two months.

The Bureau also recorded at least 21 business assistance activities in April and May, which include permit assistance, site assistance, and general information, such as demographics, psychographics, and traffic information. provided to existing businesses as well as businesses that intend to set up an operation in Pasadena.

A total of 18 promoters or fund managers were assisted by the Office as they explored possible investments in the city. Staff also made five visits or calls to large commercial landlords in Pasadena, according to the memorandum.

During these two months, the Economic Development Office also organized a meeting hosted by the city manager with commercial brokers, bringing together at least 26 brokers present.

In another item on the agenda, the EDTech Committee will also receive an update on the PASARROYO project, a Class A office campus in the heart of the South Lake Avenue submarket.

Comprising 650,000 square feet and encompassing an entire six-acre city block, the PASARROYO project consists of four buildings surrounding a 60,000 square foot plaza and constituting the largest office campus in the market.

Coretrust, which acquired PASARROYO in May 2018, embarked on a comprehensive capital improvement program focusing on the central plaza, main building lobbies and other frontage spaces to complement the project’s advantageous location in the South Lake Avenue business district.

Coretrust will also execute upgrades to building systems and elevators to improve the occupant experience and maintain the project’s LEED Gold certification.

PASARROYO buildings now include LA Fitness, Urban Plates and Dunkin as current tenants. The buildings were constructed between 1964 and 1982 and range in height from two to 14 stories. The project offers 2,000 market-leading on-site parking spaces located in a seven-storey garage.

Tuesday’s EDTech committee meeting is publicly available via http://pasadena.granicus.com/MediaPlayer.php?publish_id=9 and on www.pasadenamedia.org.

Comments can be sent by www.cityofpasadena.net/commissions/public-comment.

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What to expect with New York’s top 200 adult dispensaries https://texansnflofficialproshop.com/what-to-expect-with-new-yorks-top-200-adult-dispensaries/ Thu, 16 Jun 2022 19:41:28 +0000 https://texansnflofficialproshop.com/what-to-expect-with-new-yorks-top-200-adult-dispensaries/ Hu Many New Yorkers are eagerly awaiting the legal purchase of cannabis for adult use once the NYS Office of Cannabis Management (OCM) gives the green light. I’ve seen it a few times, in Colorado and Massachusetts: the anticipation, camaraderie, exhaustion and simultaneous annoyance of higher prices due to taxation and waiting in line on […]]]>
Hu

Many New Yorkers are eagerly awaiting the legal purchase of cannabis for adult use once the NYS Office of Cannabis Management (OCM) gives the green light. I’ve seen it a few times, in Colorado and Massachusetts: the anticipation, camaraderie, exhaustion and simultaneous annoyance of higher prices due to taxation and waiting in line on the first day of legal cannabis sales.

But do consumers know what these first 200 New York dispensaries will actually look like? Well look at our north very stylish neighbor, Montreal, and their government-operated stores.

Following the New York State (NYS) budget bill on April 9, which granted $50 million in public funds and statutory powers to the New York State Dormitory Authority (DASNY ), NYS has issued a request for proposals, ending June 13, for contractors to provide fully furnished, “turnkey” dispensaries, fully equipped with point-of-sale systems, security, safes, cameras, bathrooms, offices, etc. For those envisioning funky, innovative, and unique stores, DASNY will likely make these first 200 dispensaries evenly uniform inside and out, except for a so-called “brand wall” with which incumbents licensing can get creative.

Retail Details

DASNY’s May 13 Design-Build Services RFP for Select Retail Cannabis Dispensaries #7586 provides an overview of NYS’s top 200 adult-use retail dispensaries.

According to the tender (request for proposals), DASNY will act as an agent for the Social Equity Cannabis Investment Fund, LP (NYSECIF) of New York to identify suitable commercial properties for the dispensaries, and to design and equip these premises. leased subject to future retail dispensary security regulations. NYSECIF will then sublet these properties to applicants for the applicable retail license to operate. Dominant proponents must be selected by July 11 to begin designing and building cannabis dispensaries across New York State.

These dispensaries will be “evenly dispersed across” 10 geographic regions of New York State, according to NYSECIF, with New York being the No. 1 region. DASNY “anticipate[s] that approximately 150 dispensaries will need to be completed statewide,” with the highest concentration in the New York metropolitan area, including Long Island and Westchester. Rough approximations in other parts of the state include 20-25 in Western New York, 15-20 in the Hudson Valley/Capital District area, 5-10 in the north of the country and 5 to 10 in the region of the southern part of the state.

Interestingly, the DASNY tender envisions the construction of dispensaries ranging in size from 3,000 to 5,000 square feet by various regional contractors, who will also handle all filing, licensing, license and regulatory approval. (It’s hard to imagine DASNY getting 3,000 square feet of retail space in prime New York shopping corridors!). The contractors will design and install security systems and cameras that comply with upcoming security regulations, as well as “furnish and equip” the dispensaries.

Building regulations

This RFP provides those considering applying for second-round/private-owned retail licenses with the general requirements for these state-built stores. For the sales space, the reception space can be closed or open, and the check-in space can be separated or combined with the reception space, both depending on the location. Dispensaries may also have an open sales floor and display area, including a prominent “brand wall”, with sales counter and service space allowing for “approximately 5-10 outlets and/or kiosks “.

This RFP also directs the existing contractor to construct a “back of house” area for staff to “move, process, pack and fulfill customer product and merchandise orders”, as well as a reception area and a “cannabis processing work room”. Other requirements include a safe and/or secure warehouse; a “Quarantine/Secure” waste room; offices and a rest room for staff; bathrooms accessible to employees and customers with disabilities; a janitor’s closet; and an electrical/data/security closet. The RFP calls for a floor plan and layout to “allow for the best disbursement and flow of customers/visitors while feeling inviting and personal.”

Security requirements

Dispensaries will require indoor and outdoor video surveillance, access controls, and intrusion systems, with security plans consistent with New York State Department of Health security requirements. These include alarms and backup alarms; motion detectors; video cameras with 24-hour recording (9600 dpi) and timestamping; panic button at the sales counter; glass break detectors; automatic voice dialer or digital dialer; failure notification system; “ability to remain operational during a power outage”; maintenance of all security equipment and records in a restricted secure location; lighted exterior; doors with pinless hinges; and secure network access.

Cannabis storage (vault) must have walls and ceiling framed with heavy gauge metal studs and joists with 9 gauge expanded metal mesh installed on the unsecured side of the frame with tamper evident ties.

Exterior windows must meet all current NYS/NYC energy conservation building code requirements and include laminated glazing treated with a security film to prevent the glazing from falling off in the event of breakage.

Additional heightened security measures may be required in some localities, such as NYC, where privacy controls, roll-down security barriers, and the use of ballistic glass may be required.

Odor reduction systems, with ventilation and filtration systems to reduce the smell of cannabis, may be required in some localities.

HVAC and backup power systems (battery or generator) will be required during a power outage to provide continuous power for secure door access control, 24/7 remote alarm, systems camera monitoring and recording, and preferably HVAC conditioning for computer/data room and Vault and POS Stations as well.

Turnkey construction for the first 200 retail dispensaries

DASNY will have NYSECIF subcontractors build the interior, from flooring to “brand wall,” according to the tender, as well as ATMs, furniture, fixtures and equipment, and point-of-sale (POS) systems, for the first 200 licensees. The store will also be fully connected, either by WiFi or LAN cabling, to the point of sale, seed-to-sale tracking system and security systems. Essentially, DASNY will hook up the entire dispensary.

New York radically redefined social justice when it launched these new adult clinics. As any operator knows, launching a successful cannabis retail business requires an enormous amount of research, time, knowledge, connections, and understanding of contracts, commercial leases, and most importantly, start-up capital. By eliminating knowledge gaps, securing commercial property and providing necessary equipment, New York has doubled down on its commitment to ensuring that people with previous cannabis convictions (or an immediate family member) have a fair chance. and equal to succeed. (The first 200 Conditional Adult-Use Retail Dispensary (CAURD) licenses will be awarded to applicants who have been found guilty of a cannabis conviction by the NYS, or have an immediate family member convicted, and who meet the other candidate requirements.)

This sweeping commitment to economic fairness and justice will certainly court many naysayers and critics, but deep down, those financially and personally devastated by cannabis convictions may finally have a chance to rebuild their lives.

Wei Hu, Esq., is the founding partner of MRTA Law, PC, a New York State cannabis law firm with offices in Manhattan and Ulster County. He also teaches Social and Economic Equity in Cannabis at LIM College in New York and is a member of the NYS Cannabis Industry Association.

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Unusual policy language allows NY Botanical Garden’s COVID claim to continue https://texansnflofficialproshop.com/unusual-policy-language-allows-ny-botanical-gardens-covid-claim-to-continue/ Wed, 15 Jun 2022 05:00:29 +0000 https://texansnflofficialproshop.com/unusual-policy-language-allows-ny-botanical-gardens-covid-claim-to-continue/ A New York appeals court on Tuesday handed a rare insured victory to the New York Botanical Garden for revenue lost during COVID-19 closures, noting that the wording of the disputed policy did not require physical harm. The Botanical Garden, a well-known tourist attraction that covers 250 acres in the Bronx, argued that it had […]]]>

A New York appeals court on Tuesday handed a rare insured victory to the New York Botanical Garden for revenue lost during COVID-19 closures, noting that the wording of the disputed policy did not require physical harm.

The Botanical Garden, a well-known tourist attraction that covers 250 acres in the Bronx, argued that it had purchased broader coverage than the usual commercial property policy provides. The “General Pollution Liability Policy” she purchased from Allied World Assurance Co. did not require direct physical loss or damage as a condition of coverage.

The First Department of the Appellate Division upheld a Bronx County Supreme Court decision that denied Allied World’s motions to dismiss the garden’s breach of contract and bad faith claims against the insurer.

“The cases relied upon by the defendant, which involve civil authority coverage in liability policies and periods of complete denial of access due to physical damage, are inappropriate,” the panel’s opinion reads. “Nor has the Defendant established that the orders denying access were not solely and directly the result of a pollutant in an ‘independent location’, as that term of the policy is understood.”

The majority of state and federal appeals courts that have heard COVID-related business interruption lawsuits so far have ruled that no coverage was due because there was no loss or of physical damage. But the Gardens purchased an unusual policy that did not include standard language for damages caused by orders from civil authorities.

Tom Baker, a law professor at the University of Pennsylvania who runs a well-known COVID-19 litigation tracker, said his team is not aware of any other cases involving the same police form as the police purchased by the Botanical Garden.

Allied World has acknowledged that COVID-19 is a “pollution incident” under the policy, but argued that the botanical garden must lose full access to its property as a condition of coverage.

The insurer also clarified that the pollution triggering the claim must be at an “independent location” under one of the policy endorsements. Allied World argued that New York State had issued executive orders restricting access to businesses for “prophylactic reasons” to slow the spread of the virus. There was not one specific independent location that affected the property of the Botanical Garden.

Bronx County Judge Eddie J. McShan rejected those arguments, as did the Appeals Division. In an order dated Oct. 15, 2021, McShan found that the policy had a broad definition of “independent location” with no “radius clause” that would bar the Botanical Garden’s claim.

“Furthermore, there is no language requiring physical damage to plaintiffs’ property,” McShan’s order states.

Tred Eyerly

Tred R. Eyerly, a lawyer from Honolulu, Hawaii, who blogged about the Botanical Garden’s victory at the trial court level, said he was happy to see an appeals court rule in favor of an insured with a COVID-related business interruption claim. He did, however, acknowledge that the New York affair involved “unusual political language”.

Eyerly said he had never encountered the language of civil authorities in Allied World politics in Hawaii.

“I would be surprised if they could anticipate a pandemic, but it worked well for them,” he said.

No decision has been made on the merits of the Botanical Garden’s claim. The decision allows the case to go to trial.

Courts of Appeals in California, Iowa, Wisconsin, Illinois, Indiana, Ohio, New York, Massachusetts, Maryland and Florida have ruled against the policyholders seeking to cover lost revenue due to COVID shutdowns, as are the 11 regional appeals courts.

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Property Management Software Market Size and Forecast to 2029 https://texansnflofficialproshop.com/property-management-software-market-size-and-forecast-to-2029/ Sat, 11 Jun 2022 08:13:55 +0000 https://texansnflofficialproshop.com/property-management-software-market-size-and-forecast-to-2029/ Los Angeles, USA,-The research study presented here is an excellent compilation of various types of analysis of significant aspects of the global Property Management Software market. Through devilishly researched analysis and Porter’s Five Forces analysis, it provides an in-depth explanation of the strengths and weaknesses of the global Property Management Software market and other players […]]]>

Los Angeles, USA,-The research study presented here is an excellent compilation of various types of analysis of significant aspects of the global Property Management Software market. Through devilishly researched analysis and Porter’s Five Forces analysis, it provides an in-depth explanation of the strengths and weaknesses of the global Property Management Software market and other players operating within it. The report authors have also provided a qualitative and quantitative analysis of several microeconomic and macroeconomic factors affecting the global Property Management Software market. Additionally, this study will help you to understand changes in industrial supply chain, manufacturing processes and costs, sales scenarios and global Property Management Software market dynamics.

Get | Download sample copy with table of contents, graphics and list of [email protected] https://www.verifiedmarketreports.com/download-sample/?rid=104150

Each player studied in the report is profiled, taking into account production, market value, sales, gross margin, market share, recent developments, and marketing and sales strategies. Besides providing in-depth research on drivers, restraints, trends and opportunities in the global Commercial Property Management Software market, the report provides individual and detailed analysis of critical regions such as North America, Europe and the Asia-Pacific region. Additionally, a major segment of the global commercial property management software market is studied in detail, with emphasis on market share, PA, and other important factors.

Major Players Covered in Commercial Property Management Software Markets:

  • AppFolio
  • Yardi Breeze
  • actual page
  • THE HORIZON
  • MRI Sales Department
  • Property Boulevard
  • Axxerion
  • Properties Matrix
  • Service connection
  • WebRezPro
  • roomMaster

Global Commercial Real Estate Management Software Market Segmentation:

Commercial Property Management Software Market Split By Type:

Commercial Property Management Software Market Split By Application:

Regional Analysis of Commercial Real Estate Management Software Market can be represented as follows:

This part of the report assesses key regional and country-level markets on the basis of market size by type and application, key players, and market forecast.

Based on geography, the global commercial property management software market has been segmented as follows:

    • North America includes the United States, Canada and Mexico
    • Europe includes Germany, France, UK, Italy, Spain
    • South America includes Colombia, Argentina, Nigeria and Chile
    • Asia Pacific includes Japan, China, Korea, India, Saudi Arabia and Southeast Asia

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Scope of Commercial Property Management Software Market Report

Report attribute Details
Market size available for years 2022 – 2030
Base year considered 2021
Historical data 2018 – 2021
Forecast period 2022 – 2030
Quantitative units Revenue in USD Million and CAGR from 2022 to 2030
Segments Covered Types, applications, end users, and more.
Report cover Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends
Regional scope North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
Scope of customization Free report customization (equivalent to up to 8 analyst business days) with purchase. Added or changed country, region and segment scope.
Pricing and purchase options Take advantage of personalized purchasing options to meet your exact research needs. Explore purchase options

Industry Overview: The first section of the research study covers an overview of the global Property Management Software market, market status and outlook, and product scope. Additionally, it provides highlights of major segments of the global Commercial Property Management Software market i.e., region, type, and application segments.

Competitive analysis:This report sheds light on significant mergers and acquisitions, business expansion, product or service differences, market concentration, the global Commercial Property Management Software Market competitive situation and the market size by player .

Company profiles and key data:This section covers the companies featuring leading players of the global Property Management Software market based on revenue, products, activities, and other factors mentioned above.

Market Size by Type and Application:In addition to providing an in-depth analysis of the global Property Management Software market size by type and application, this section provides research on key end-users or consumers and potential applications.

North American market: This report depicts the changing size of the North America market by application and player.

European market: This section of the report shows how the size of the European market will evolve over the next few years.

Chinese market: It provides analysis of the Chinese market and its size for all years of the forecast period.

Rest of the Asia-Pacific market: The rest of the Asia-Pacific market is here analyzed in quite detail on the basis of applications and players.

Central and South America Market: The report illustrates changes in Central and South America market size by players and applications.

Mea Market: This section shows how the Mea market size changes over the forecast period.

Market dynamics: This report covers the drivers, restraints, challenges, trends, and opportunities of the global Property Management Software market. This section also includes Porter’s analysis of the five forces.

Findings and Conclusions:It provides strong recommendations for new and established players to secure a position of strength in the global Property Management Software market.

Methodology and data sources:This section includes author lists, disclaimers, research approaches, and data sources.

The main questions answered

What will be the size and average annual size of the global property management software market over the next five years?

Which sectors will take the lead in the global property management software market?

What is the average manufacturing cost?

What are the key business-related tactics adopted by the major players of the global Commercial Property Management Software Market?

Which region will gain the lion’s share of the global property management software market?

Which companies will dominate the global property management software market?

Research Methodology

Quality research uses reliable primary and secondary research sources to compile the reports. It also relies on the latest research techniques to prepare very detailed and precise research studies like this one. Use data triangulation, top-down and bottom-up approaches, and advanced research processes to deliver comprehensive, industry-leading market research reports.

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New program aims to make green improvements to industrial and commercial buildings in Newton https://texansnflofficialproshop.com/new-program-aims-to-make-green-improvements-to-industrial-and-commercial-buildings-in-newton/ Wed, 08 Jun 2022 21:12:26 +0000 https://texansnflofficialproshop.com/new-program-aims-to-make-green-improvements-to-industrial-and-commercial-buildings-in-newton/ There are 57 municipalities — including Newton — that have adopted PACE in Massachusetts, according to the Mass Development website. Newton City Treasurer Ron Mendes said the city will not incur any financial harm if a borrower fails to repay their loan because Newton is not acting as a lender. Instead, a private bank will […]]]>

There are 57 municipalities — including Newton — that have adopted PACE in Massachusetts, according to the Mass Development website.

Newton City Treasurer Ron Mendes said the city will not incur any financial harm if a borrower fails to repay their loan because Newton is not acting as a lender. Instead, a private bank will coordinate with Mass Development to provide financing to borrowers.

“If the landlord doesn’t pay, we just notify Mass Development that the landlord hasn’t paid, and then Mass Development will do any kind of advanced collection needed,” Mendes said.

Albright said that when a building owner wants to upgrade energy infrastructure using PACE, the city ties an improvement — an asset added to a property that increases its value — to the property tax on the property.

“The benefit of doing it this way is that it’s a small effort on the city’s part to add an improvement because we’re already doing it for things like sidewalks,” Albright said.

In 2019, the city adopted a climate action plan outlining a strategy to achieve carbon neutrality by 2050. Victoria Danberg, Newton City Councilor for Ward 6, said the city will ” take fancy steps” if she hopes to achieve that goal.

“Upgrading existing buildings is really important because the majority of carbon emissions come from buildings,” Danberg said.

Buildings account for 64% of total greenhouse gas emissions in Newton, more than waste and transport combined, according to the Climate Action Plan report. Residential buildings account for 55% of building emissions, the report says, and commercial and industrial buildings — which are eligible for PACE upgrades — account for 41%.

Danberg said the PACE program will pave the way toward achieving the city’s climate goals.

“I see no reason the city shouldn’t take advantage of this program and help move our climate action plan forward,” she said.

Newton is drafting an ordinance similar to a measure passed by the city of Boston, Albright said, which authorizes the city to set emission standards for large buildings and ultimately achieve net zero emissions by 2050. She said the PACE program will be an important part of this effort.

“When we’re going to say buildings you need to retrofit, you need to electrify your building, we can say not only that you need to do it, but there’s a potential source of funding for it,” Albright said.

Joe Carella, executive director of Newton-based non-profit assisted living community Scandinavian Living Center, said his business could benefit immediately from adopting PACE.

“I have to replace our HVAC because of what happened last winter,” Carella said. “It’s over 20 years old and it broke down over the winter – we know we need to replace it.”

The Scandinavian Living Center had been saving to repair the system, but Carella said the pandemic had put significant financial pressure on its cash reserves, making it difficult to subsidize an upgrade to the HVAC system.

Danberg said that since those eligible for PACE are existing industrial and commercial buildings, the Scandinavian Living Center would be “a perfect use” of the program.

“The Living Center will be able to do more upgrades, sooner at that time, than it could otherwise afford,” Danberg said.

Carella said that in addition to helping her own business, the program will benefit everyone.

“If you can become more energy efficient, that’s fantastic,” he said. “And I hope the city embraces it, not because of us, but because it’s the right thing to do.”

Walker Armstrong can be contacted at newtonreport@globe.com.

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Power Co. says Factory Mutual owes $16 million https://texansnflofficialproshop.com/power-co-says-factory-mutual-owes-16-million/ Mon, 06 Jun 2022 21:34:00 +0000 https://texansnflofficialproshop.com/power-co-says-factory-mutual-owes-16-million/ By Riley Murdock (June 6, 2022, 5:34 p.m. EDT) – A Texas-based power company says Factory Mutual Insurance Co. refused to pay more than $16 million in damages and lost business revenue when a generator became unusable for several months and accused the insurer of “Monday morning quarterbacking” for nitpicking the company’s repair decisions. Vista […]]]>
By Riley Murdock (June 6, 2022, 5:34 p.m. EDT) – A Texas-based power company says Factory Mutual Insurance Co. refused to pay more than $16 million in damages and lost business revenue when a generator became unusable for several months and accused the insurer of “Monday morning quarterbacking” for nitpicking the company’s repair decisions.

Vista Corp. claimed its Factory Mutual “all risk” commercial property insurance policy covered the full cost of damage to a generator at a power plant in Moscow, Ohio, which was unusable from March to June 2021 due to a ground fault, according to a lawsuit filed Friday in Texas federal court.

Factory Mutual did not contest…

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Unused municipal property mostly empty lots https://texansnflofficialproshop.com/unused-municipal-property-mostly-empty-lots/ Sun, 05 Jun 2022 03:57:59 +0000 https://texansnflofficialproshop.com/unused-municipal-property-mostly-empty-lots/ The sale of the Rollins-Crigler building on Second Avenue North, Woody’s on the Water at the marina and the former Gilmer Inn site on Main Street have all made headlines over the past two years. All share a surprising owner: the city of Columbus, which also owns the mall adjacent to the municipal complex and […]]]>

The sale of the Rollins-Crigler building on Second Avenue North, Woody’s on the Water at the marina and the former Gilmer Inn site on Main Street have all made headlines over the past two years.

All share a surprising owner: the city of Columbus, which also owns the mall adjacent to the municipal complex and several empty lots scattered around the city.

City Attorney Jeff Turnage told The Dispatch that while state law allows municipalities to “set aside and improve” property for “industrial and commercial purposes,” the city never sought to become an owner.

The former Rollins-Crigler building on Second Avenue North, which was recently sold to Zachary’s landlord, Doug Pellum, was deliberately salvaged in 2013, but with no intention of knocking it down, Turnage said.

“The idea at the time was that it would be a hangout space for the Trotter Convention Center,” Turnage said. “But you know how accountants’ offices are. They are extraordinarily small, and therefore the building was not suitable for this purpose.

In the end, the building remained vacant, but the parking lot was used for the overflow of the Trotter. The building itself has been used by the Columbus Police Department for its Halloween fundraiser at least once. Pellum bought it this year for an undisclosed amount.

Probably the most notorious site the city reclaimed was the Gilmer Inn, a well-known eyesore at 321 Main St. The city bought it for $425,000 in 2015.

“It was terribly run down and dilapidated and there was a lot of illicit behavior there,” Turnage said. “(Building Official Kenny Wiegel) used his camera to document the poor conditions you could see from outside the building. Often the doors were off the hinges and you could see the ceiling tiles falling off and the misery.

Then-mayor Robert Smith negotiated the sale of the property with the owners, Turnage said.

The hotel was demolished and the land turned into green space, and it became a popular spot for dog walkers until Financial Concepts bought it in June 2021 for $270,000.

The location of Woody’s on the Water at the Columbus Marina was given to the city after sitting vacant for years, Turnage said. The sale, for $300,000, is still pending.

While the city owns the mall adjacent to the civic complex, it’s only home to two businesses: the China Royal restaurant and Clippers, a hair salon, Turnage said. The remainder of this complex is used for city offices, including the Columbus Crime Lab and the office of Director of Community Planning and Development, George Irby.

China Royal is leasing two commercial spaces adjacent to the city, according to chief financial officer James Brigham. The combined rent is $1,386 per month. Operations manager Jammie Garrett said the hair salon’s rent was $625 a month.

Otherwise, the only properties the city owns that aren’t actively in use or part of the Columbus Redevelopment Authority’s portfolio are approximately 15 lots scattered throughout the city that were taken as part of the city’s run-down real estate program. town.

“We’re going to tear down a house and clean it up, and then we’ll put a lien on the property,” Turnage explained. “If it’s not paid for, we send it to (Tax Assessor/Collector Greg Andrews) and tell him to sell it the same way he would for a tax sale.”

If no one buys, they’re eventually taken by the state, Turnage said.

“It’s overgrown again and we’re sending them a notice to cut their grass,” he said. “Rather than do anything, they send us back an act. … We’ve tried in the past to auction them off, and we have people who bid but they never manage to come up with the money.

Code Enforcement Director Sasha James confirmed Thursday that the city is currently sitting on 15 empty lots.

starkville

Unlike Columbus, the city of Starkville has no commercial properties and very few non-municipal properties.

“We own the library, but nothing that would translate to what Columbus did buying the hotel and a few other things and then, I guess, selling it to a private developer,” Mayor Lynn Spruill said. “We have no such thing.”

In fact, land ownership in the city of Starkville is almost exclusively limited to industrial land and municipal properties like the police department and city hall.

“I can’t think of any property we own that isn’t currently being used for municipal purposes. Virtually nothing. It’s certainly nothing in large quantities,” she said.

Spruill further explained that the city owns small amounts of land here and there – for example, over a decade ago Starkville acquired a small portion of the property off Dr. Douglas L. Conner Drive which they thought they might need for a pass. . He also owns land near North Montgomery Street that could possibly be developed into a small park.

When Nucor, a steel producing company, left Starkville, the land was returned to the city, which is in the process of selling that land. On the rare occasions when the city finds itself with land for sale, the revenue generated by this sale is paid into the general fund.

“There is a property that we are, as I mentioned, selling on Hwy 25. I would like to use the proceeds from this property to open the entrance to Cornerstone (the baseball/softball complex under construction) because it’s one-time money,” Spruill said. “It’s not a sustainable, ongoing source of income, so you really can’t do anything with it that requires an annual expense, like a raise in salary.

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San Jose site with potential for redevelopment attracts big real estate buyer https://texansnflofficialproshop.com/san-jose-site-with-potential-for-redevelopment-attracts-big-real-estate-buyer/ Fri, 03 Jun 2022 12:31:28 +0000 https://texansnflofficialproshop.com/san-jose-site-with-potential-for-redevelopment-attracts-big-real-estate-buyer/ SAN JOSE – A large real estate company with holdings across the country has purchased a former industrial building in San Jose that occupies a site that could be redeveloped. The purchase by TA Realty, which used an affiliate to purchase a building and land at 2205 Fortune Drive in San Jose, indicates an increase […]]]>

SAN JOSE – A large real estate company with holdings across the country has purchased a former industrial building in San Jose that occupies a site that could be redeveloped.

The purchase by TA Realty, which used an affiliate to purchase a building and land at 2205 Fortune Drive in San Jose, indicates an increase in commercial property values ​​in this section of the South Bay.

TA Realty paid $8 million for the property, according to documents filed June 1 with the Santa Clara County Recorder’s Office.

TA Realty, a Boston-based development and investment firm, acquired the building in an all-cash deal, according to county real estate records.

The newly purchased building, built in 1979, totals 31,400 square feet, says a post on the property’s Commercial Cafe site.

However, the real value of the property could lie in the land under the decades-old building.

The building occupies a 2 acre site. This means that it may be possible to replace the existing structure with a modern office building totaling approximately 62,000 square feet, using typical development density guidelines.

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May Moves: Hires, Departures and Promotions at HSF, Eversheds and More https://texansnflofficialproshop.com/may-moves-hires-departures-and-promotions-at-hsf-eversheds-and-more/ Wed, 01 Jun 2022 04:01:59 +0000 https://texansnflofficialproshop.com/may-moves-hires-departures-and-promotions-at-hsf-eversheds-and-more/ Claire Hughes has been appointed head of Pinsent Masons’ global real estate business. Edwards succeeds James Crookes, who will continue to lead the firm’s real estate practice group. She has been with the firm since 2007 and was head of client relations for the firm’s property sector and head of the London property practice for […]]]>

Claire Hughes has been appointed head of Pinsent Masons’ global real estate business. Edwards succeeds James Crookes, who will continue to lead the firm’s real estate practice group. She has been with the firm since 2007 and was head of client relations for the firm’s property sector and head of the London property practice for over 8 years.

Eversheds Sutherland partner and head of hedge funds Ben Watford left the firm to join Haynes and Boone. Watford have spent the past four years at Eversheds, according to their LinkedIn profile. His practice focuses on structuring and establishing onshore and offshore investment funds in various jurisdictions.

Russell-Cooke has hired Frances Murray as a partner in its fraud and criminal litigation team. Based in London, Murray comes from Rosenblatt where she has spent the past two years according to her LinkedIn. His experience lies in representing corporations and high net worth clients in a wide range of contentious and non-contentious matters.

Norton Rose Fulbright has appointed partner Sylwia Maria Bea as EMEA Co-Head of Financial Restructuring and Insolvency. Associated in the company’s Frankfurt office, Bea joins current co-head EMEA James Stonebridge who works from the company’s London office. She has significant experience in advising managers, shareholders and investors of companies in difficulty in the context of insolvency proceedings. Bea has spent the past two years as a partner at the firm according to her LinkedIn profile.

Browne Jacobson has named its next chief and deputy bureau chiefs for its bases in Birmingham, Exeter, London and Manchester. Appointments are for a three-year term. The firm’s Birmingham office will be jointly led by partners Rachel Lyne and Mike Jackson, in Exeter partner Nigel Lyons will lead, partner and head of commercial and intellectual property Declan Cushley has been reappointed as head of London and partner Peter Allen has been appointed head of Manchester. The firm has also appointed partners Kay Chand, Ian Long and Rob Wofinden to a new Nottingham board.

Herbert Smith Freehills has hired Helen Hopkin as the company’s first director of global workforce strategy and implementation. Based in London, Hopkin joins the firm from PwC where she held various chief operating and human resources roles for more than two decades. The newly created role will focus on developing a clear workforce strategy “that meets current and future business needs,” according to a company statement.

Ince announced the promotion of four partners in May, including two in its London office, as well as one in Shanghai and one in Cardiff. In London, William Spencer was promoted to partner in the property team and Peter McNamee was promoted to Ince’s dispatch team. Meanwhile, Zeldar Wang, based in the firm’s Shanghai office, has also been promoted to partner – the lawyer specializes in maritime, commodities and trade and commercial litigation. In Cardiff, Jessie Blain [pictured] was also promoted to a member of the real estate and commercial property team.

Herbert Smith Freehills has hired Helen Hopkins as the company’s first director of global workforce strategy and implementation. Based in London, Hopkin joins the firm from PwC where she held various chief operating and human resources roles for more than two decades. The newly created role will focus on developing a clear workforce strategy “that meets current and future business needs,” according to a company statement.

Claire Hughes has been named head of Pinsent Mason’s global real estate business. Edwards succeeds James Crookes, who will continue to lead the firm’s real estate practice group. She has been with the firm since 2007 and was head of client relations for the firm’s property sector and head of the London property practice for over 8 years.

Eversheds Sutherland Partner and Head of Hedge Funds Ben Watford left the company to join Haynes and Boone. Watford have spent the past four years at Eversheds, according to their LinkedIn profile. His practice focuses on structuring and establishing onshore and offshore investment funds in various jurisdictions.

Russell-Cooke has hired Frances Murray as a partner of its fraud and criminal litigation team. Based in London, Murray comes from Rosenblatt where she has spent the past two years according to her LinkedIn. His experience lies in representing corporations and high net worth clients in a wide range of contentious and non-contentious matters.

Norton Rose Fulbright named a partner Sylwia Maria Bea as the new EMEA Co-Head of Financial Restructuring and Insolvency. Associated in the company’s Frankfurt office, Bea joins current co-head EMEA James Stonebridge who works from the company’s London office. She has significant experience in advising managers, shareholders and investors of companies in difficulty in the context of insolvency proceedings. Bea has spent the past two years as a partner at the firm according to her LinkedIn profile.

Hogan Lovells has hired former Latham & Watkin and Clifford Chance technology practice manager Luke Grubb, where he spent 14 and three years respectively, according to his Linkedin profile. Based in the firm’s London office, he joins the digital asset and blockchain practice as a consultant.

Irwin Mitchell has expanded its wealth management team with the acquisition of Cheshire-based TWP Wealth. The company has acquired 10 employees, who will remain in their current office, and no layoffs will occur as a result of the acquisition. This addition will expand Irwin Mitchell’s financial services and financial planning capabilities to private and corporate clients. IM Asset Management currently has £1 billion in assets under management, with the acquisition adding a further £100 million.

Browne Jacobson has named its next chief and deputy bureau chiefs for its bases in Birmingham, Exeter, London and Manchester. Appointments are for a three-year term. The firm’s Birmingham office will be jointly run by partners Rachel Lynne and mike jackson, to partner Exeter Nigel Lyons will lead, partner and be responsible for commercial and intellectual property Declan Cushley was reappointed as head of London and associated Stone Allen was appointed manager of Manchester. The firm has also appointed partners Kay Chand, Ian Long and Rob Wofinden to a new Nottingham board.

Addleshaw Goddard has strengthened its tax and restructuring practice with the hiring of Zoe Fatchen of Gowling WLG at its London office. Fatchen has extensive corporate tax experience with UK and multinational clients, including complex structuring advice, risk management, tax and contentious litigation and cross-border capital deployment.

Ince announced the promotion of four partners in May, including two in its London office, as well as one in Shanghai and one in Cardiff. In London, William Spencer was promoted to partner in the real estate team, and Peter McNamee was promoted to Ince’s Expedition Team. Meanwhile, Zeldar Wang, based in the firm’s Shanghai office, was also promoted to partner – the lawyer specializes in maritime, commodities and trade and commercial litigation. In Cardiff, Jessie Blain was also promoted to a member of the real estate and commercial property team.

Osborne Clarke continues to expand its international tax team by appointing a specialist incentive partner Anika Chandra. Chandra joined the London office of Shoosmiths, where she was a partner and headed the incentives practice, having previously worked at Stephenson Harwood, Allen & Overy and CMS. She will work closely with Michael Carter, who leads the incentives team at Osborne Clarke, part of the firm’s nine-partner UK tax practice.

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Esports gaming entrepreneurs embark on a $143 million real estate spree https://texansnflofficialproshop.com/esports-gaming-entrepreneurs-embark-on-a-143-million-real-estate-spree/ Mon, 30 May 2022 14:01:00 +0000 https://texansnflofficialproshop.com/esports-gaming-entrepreneurs-embark-on-a-143-million-real-estate-spree/ When a historic McMahons Point restaurant recently settled $6.055 million for esports gaming entrepreneur Jack Wu, it was just the tip of a $143 million real estate spree that is spreading across Sydney . From the Coles Shopping Center site in Greenacre for $40.5 million to an 1886 building in the CBD for $20 million […]]]>

When a historic McMahons Point restaurant recently settled $6.055 million for esports gaming entrepreneur Jack Wu, it was just the tip of a $143 million real estate spree that is spreading across Sydney .

From the Coles Shopping Center site in Greenacre for $40.5 million to an 1886 building in the CBD for $20 million and a boarding house in Westmead for $2.5 million, the business interests of Wu and his family have been avid investors in a range of commercial and industrial properties. in the past two years alone.

The freehold building at McMahons Point which previously housed Moorish Blue.

But missing from the shopping list is a family home for Wu to replace the sub-penthouse at Aqualand’s Blue at Lavender Bay development that he sold a week before last Christmas for $9 million when he planned to move buy something with room for her three young children.

Wu, 33, and his older brother Michael, 39, are the sons of vitamin moguls Jina Chen and Alex Wu, founders of Nature’s Care who, in 2019, debuted on the Australian Financial Review Rich List 200 with an estimated value of $758 million after selling a majority stake in the vitamin brand.

Months after being placed on the rich list, Chen and Wu made headlines by setting a Lavender Bay home price record of $16.988 million amid plans to downsize their Northern estate. Beaches in Ingleside, which they bought in 2015 for $7.7 million.

Last year, the brothers made a name for themselves among Sydney’s online entrepreneurs when they bought Hive Gaming, an online platform that helps budding esports athletes and game creators monetize their efforts.

The $6.055 million sale at McMahons Point was just the tip of a $143 million real estate binge.

The $6.055 million sale at McMahons Point was just the tip of a $143 million real estate binge.

But Jack’s business interests extend beyond esports to include boutique development company Clutch Capital which he runs with Nick Ross. Earlier this year, Clutch bought a row of five houses in Rose Bay for $22.7 million opposite Rose Bay Golf Club, which will be redeveloped into a block of boutique apartments.

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CI Australia’s Nick Lowry, the sales agent behind the iconic McMahons Point restaurant, said the appeal of commercial property is that traditionally the rental yield is about double that of residential investments from a similar value.

Lowry added that commercial sector stocks tend to lag the residential market by a few months, but have been boosted in recent months by a lack of freehold commercial real estate investment for sale and strong demand from buyers. .

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