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Salt lakes real estate

Legal of September 21, 2022

CITATION FOR RELEASE Case No. CV09-22-1198 IN THE DISTRICT COURT OF THE PREMIER JUDICIAL DISTRICT OF THE STATE OF IDAHO, IN AND FOR THE COUNTY OF BONNER M & L LLC, an Idaho Limited Liability Company, Applicant, c. WARREN G CLARK, JR. and KIMBERLEE J. CLARK, husband and wife, defendants. QUOTE TO: WARREN G. CLARK, JR. and KIMBERLEE J. CLARK, husband and wife: You were sued by M & L LLC, plaintiff, in the District Court of and for Bonner County, Idaho, Case No. CV09-22-1198. The nature of the claim against you relates to peaceful title to the property described as follows: Lot 8 of DOUBLE “D” LAKEVIEW TRACTS, SECOND ADDITION, according to the plate thereof, recorded in Book 3 of the Plates, page 37 , Bonner County, Idaho records. Lot 9 of DOUBLE “D” LAKEVIEW TRACTS, SECOND ADDITION, according to plan thereof, recorded in Book 3 of Plats, page 37, Bonner County Archives, Idaho. At any time after twenty-one (21) days after the last publication of this subpoena, the court may enter judgment against you without further notice, unless you have previously filed a proper written response, including case number and paid required filing fee to the Clerk of Court at the Bonner County Courthouse, physical and mailing address at 215 S. First Ave, Sandpoint Idaho 83864, and Clerk’s phone number at 208-265 -1432, and served a copy of your response on plaintiff’s attorney, John A. Finney, of Finney Finney & Finney, PA, Old Power House Building, 120 East Lake Street, Suite 317, Sandpoint, Idaho 83864, no. phone 208-263-7712. A copy of the subpoena and complaint can be obtained by contacting either the court clerk or the plaintiff’s attorney. If you wish to benefit from legal assistance, you must immediately retain the services of a lawyer to advise you on this matter. DATED 09/09/2022 15:44:49. BONNER COUNTY DISTRICT COURT By: /s/ Charity L. Hadley Deputy Clerk JOHN A. FINNEY FINNEY & FINNEY, PA Attorneys Old Power House Building 120 East Lake Street, Suite 317 Sandpoint, Idaho 83864-1366 Telephone: 208 263-7712 Fax : 208 263-8211 iCourt : [email protected] ISB n° 5413 Plaintiff’s attorney Legal#4552 AD#560808 September 14, 21, 28, October 5, 2022

Legal Notice The following application(s) have been filed to appropriate public waters of the State of Idaho: 96-12616 MARK CORNETT APRIL LINSCOTT 93 W DEER MEADOW LN BLANCHARD, ID 83804-0017 Point of Diversion SWSE S19 T54N R04W BONNER County Source GROUNDWATER Use: DOMESTIC 01/01 to 31/12 Total Diversion: 0.04 CFS Date Filed: 09-07-2022 Location of Use: DOMESTIC T54N R04W S19 NWSE,SWSE 97-8702 FRANK HUNGATE 7763 SEWARD PARK AVE S SEATTLE, WA 98118 -4248 Diversion Point L2(NWNE) S10 T62N R04W BONNER County Source PRIEST LAKE Tributary PRIEST RIVER Use: IRRIGATION 04/01 to 10/31 Total Deviation: 0.03 CFS Filing Date: 09 -07-2022 Location of Use: IRRIGATION T62N R04W S10 L3(NENW),L2(NWNE) Total Acres: 0.2 97-8732 JACLYN KAE REID 5110 PLEASANT GLADE RD ​​NE OLYMPIA, WA 98516-3041 Diversion Point L2(NWNW) S16 T61N R04W BONNER County Source GROUNDWATER Use: DOMESTIC 1 /1 to 12/31 Total Diversion: 0.0 4 CFS Date of Filing: 2022-01-06 Place of Use: DOMESTIC T61N R04W S16 L2(NWNW) 97-8931 BENJAMI N SEIBERT 2467 CAVANAUGH BAY RD COOLIN, ID 83821-9719 Detour Point SWSW S35 T60N R04W BONNER County Source SOLDIER CREEK Tributary PRIEST LAKE Use: DOMESTIC 1/1 to 12/31 Total Deviation: 0.08 CFS Location of Use: DOMESTIC T60N R04W S35 SWSW,SESW 97-9058 BOND FAMILY TRUST C/O ROBERT & GEORGENE BOND 2441 EVENING STAR DR SALT LAKE CTY, UT 84124-1818 Point of Diversion L4(NWSW) S9 T59N R04W BONNER County Source PRIEST LAC Tributary PRIEST RIVER Use: IRRIGATION 04/01 to 10/31 Total Diversion: 0.03 CFS Filing Date: 29- 07-2022 Place of Use: IRRIGATION T59N R04W S9 L4(SWSW) Total Acres: 0.5 97-9325 JACLYN KAE REID 5110 PLEASANT GLADE RD ​​NE OLYMPIA, WA 98516-3041 Point of deviation L2(NWNW) S16 T61N R04W BONNER County GROUNDWATER Source Usage: DOMESTIC 1/1 to 12/31 Total Deviation: 0.04 CFS Filing Date: 08-08-2022 Location of U Use: DOMESTIC T61N R04W S16 L2(NWNW) 97-9327 JACLYN KAE REID 5110 PLEASANT GLADE RD ​​NE OLYMPIA, WA 98516-3041 Point of Diversion L2(NWNW) S16 T61N R 04W BONNER County Source GROUNDWATER Use: DOMESTIC 1/ 1 to 12/31 Full diversion: 0.04 CFS Filing date: 08-08-2022 Place of use: DOMESTIC T61N R04W S16 L2(NWNW) 97-9328 JACLYN KAE REID 5110 PLEASANT GLADE RD ​​NE OLYMPIA, WA 98516- 3041 Diversion Point L2(NWNW) S16 T61N R04W BONNER County Source GROUNDWATER Usage: DOMESTIC 1/1 to 12/31 Total Deviation: 0.04 CFS Filing Date: 08-08-2022 Place of Use: DOMESTIC T61N R04W S16 L2(NWNW) 97-9504 YAMASHIRO INVESTMENT LC 3347 E LA VIE LN COTTONWD HTS, UT 84093-1209 Diversion Point SENW S10 T62N R04W BONNER County Source PRIEST RIVER Tributary PRIEST LAKE Use: IRRIGATION 04/01 to 10/31 Total Diversion : 0.03 CFS Filing Date: 2022-06-09 Place of Use: IRRIGATION T62N R04W S10 SENW Total Acres: 0.4 97- 9507 LLOYD A HERMAN 24603 E TUM TUM DR LIBERTY LAKE, WA 99019-9780 Diversion Point SESW S6 T60N R04W BONNER County Source PRIEST LAKE Tributary PRIEST RIVER Use: DOMESTIC 01/01 to 12/31 Total Diversion: 0.04 CFS Date of Filing: 09-07-2022 Place of Use: DOMESTIC T60N R04W S6 SESW,L11(SESW) 97-9518 STARBIRD FAMILY TRUST C/O JOHN STARBIRD 3060 EASTSIDE RD ​​PRIEST RIVER, ID 83856-9502 Breakout Point SWNW S8 T56N R04W BONNER County Source GROUNDWATER Use: IRRIGATION 04/01 to 10/31 Total Diversion: 0.2 CFS Date Filed: 09-07-2022 Location of Use: IRRIGATION T56N R04W S8 SWNW, NWSW Total Acres : 18 97-9519 KEVIN WOOD 3328 W ALICE AVE SPOKANE, WA 99205-2101 Diversion Point L7 (SWNE) S32 T56N R04W BONNER County Source RIVER EARDROP Tributary COLUMBIA RIVER Use: IRRIGATION 04/1 to 10/31 Total Diversion: 0.03 CFS Filing Date: 2022-09-09 Place of Use: IRRIGATION T56N R04W S32 L7(SWNE) Total Acres: 0.4 97-95 25 BARTOO SOUTH LLC 1203 S CEDAR ST SPOKANE, WA 99204-4029 Diversion Point SESE S17 T60N R04W BONNER County Source PRIEST LAKE Tributary PRIEST RIVER PROTECTION 01/01 to 31/12 0.2 CFS Total diversion: 0.2 CFS Date of filing: 12/09/2022 Place of use: DOMESTIC, FIRE PROTECTION T60N R04W S17 L3(NE SE),L4(SESE) Permits will be subject to all prior water rights. For more information regarding the location of the property, contact the North office at (208) 762-2800; or for a complete description of the right(s), please see https://idwr.idaho.gov/apps/ExtSearch/WRApplicationResults/. Protests may be submitted based on the criteria of Idaho Code § 42-203A. Any protest against the approval of this application should be filed with the Director, Dept. of Water Resources, Northern Region, 7600 N MINERAL DR STE 100, COEUR D ALENE ID 83815-7763 with a $25.00 protest fee for each claim on or before 10/11/2022. The claimant must also send a copy of the protest to the claimant. GARY SPACKMAN, Legal Director#4557 AD#561086 September 21 and 28, 2022

NOTICE OF APPLICATION Pursuant to Sections 58-104(9) and 58-1301, et seq., of the Idaho Code (The Lake Protection Act) and rules of the State Board of Land Commissioners, notice is hereby given that Brian and Tamra Daley applied for 240 linear feet of the Priest River and installation of utility lines, existing riprap permits and a bridge across the swamp. Location: 146 Rivers End Drive, Priest River, Priest River, Idaho, in Section 24, Township 56 North, Range 5 West; BM, in Bonner County. Written objections or requests for a hearing in this matter should be filed with the Idaho Department of Lands, 2550 Highway 2 West, Sandpoint, Idaho 83864 within thirty (30) days of the first appearance of this notice. Specific information regarding this application may be obtained from Justin Eshelman, Resource Specialist, Sr. on behalf of the Navigable Waters Program – at the address above or by calling (208) 263-5104. /S/ JUSTIN ESHELMAN/Resource Specialist Idaho Department of Lands Legal#4567 AD#561936 September 21-28, 2022

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Salt lakes real estate

Fieldstone Homes Launches New Townhouse Community in Park City, Utah

Park City—Fieldstone Homes, a nationally recognized homebuilder based in Salt Lake City and joint venture partner IHP Capital Partners, one of the nation’s leading real estate investment firms, announce the grand opening of Silver Creek Utah, a new community of 40 two-story townhouses spread over seven individual buildings in Park City, Utah. The townhouses are part of the Silver Creek Village Master Plan, providing future homeowners with access to a wealth of on-site recreational community amenities as well as the luxurious Park City lifestyle and numerous outdoor activities . Starting at $700,000, townhomes in Silver Creek Utah are available for a median listing price well below Park City, which is $1.8 million according to Realtor.com.

Prospective buyers are invited to visit and experience Silver Creek Utah first hand during a festive grand opening event on September 17. Attendees will be among the first to tour the community’s first model home and speak with Fieldstone representatives while enjoying a hosted lunch provided by local-favorite Pizza Fiore.

“Park City is known worldwide as a luxury travel destination with exceptional ski resorts and endless recreational activities in a breathtaking mountain setting in Utah. Fieldstone Homes and IHP are pleased to offer buyers an opportunity to own a beautiful, affordable new energy-efficient townhome as part of Silver Creek Village’s highly anticipated master plan,” said Jason Harris, Vice President of Acquisitions. of land at Fieldstone Homes. “Silver Creek’s prime location is ideal for out-of-state and local homebuyers relocating or buying a second home to experience the Utah high life.”

Silver Creek Utah townhouses offer three unique and well-appointed floor plans – Oakmont, Woodbury and Halstead. Oakmont’s floor plans will be 1,421 square feet and include three bedrooms and three bathrooms. Halstead floor plans will be 1,451 square feet and feature three bedrooms and three bathrooms. Woodbury’s floor plans will be the largest at 1,772 square feet with four bedrooms and two and a half bathrooms.

Silver Creek Utah is built to the National Green Building Standard (NGBS), ensuring optimum energy, water and resource efficiency and environmental quality inside and outside of homes made of wood. row. Special features are incorporated into townhouses to meet this certification providing increased durability and healthy living.

The townhouses will include large windows to provide abundant natural light throughout the interiors, which will feature open-concept floor plans and nine-foot ceilings on the ground floor. Granite countertops are included throughout. Owners’ suites include 79-inch chrome-framed walk-in showers. The exteriors will have a transitional design with a combination of James Hardie siding, stucco, stone and metal panels.

“The grand opening in Silver Creek Utah represents an exciting opportunity for a new segment of buyers looking to purchase a beautiful home in Park City,” said Reneé McDonnell, Managing Director of IHP Capital Partners. “As an experienced Utah-based home builder and a known leader in setting new trends in home design, Fieldstone is focused on providing high-quality homes along the Wasatch waterfront that stand out, and IHP Capital Partners are pleased to partner with their exceptional team on another new development.

Located in the Sage Meadows of the eastern basin of Snyderville, Silver Creek Village is designed to complement its surrounding scenic landscape while offering stunning views of local ski areas along the eastern slopes of the Wasatch Mountains. The master plan is located southeast of the connection to the US-40 and I-80 freeways and offers quick access to downtown Park City’s world-class shopping, entertainment and dining, as well as ski resorts The Canyons and Deer Valley. The community is also about 30 miles, or about a 40 minute drive, from downtown Salt Lake City.

Upon completion, Silver Creek Village will include a variety of unique and diverse neighborhoods centered around an inviting “Main Street” with shops, restaurants, cafes and other neighborhood amenities. Extensive parks, community trails, gardens and open spaces are strategically placed throughout the Village of Silver Creek, and future residents of Silver Creek Utah townhouses will enjoy using the many dog ​​parks, grounds and sports fields, trails walking and biking trails, playgrounds and amphitheater community, among other amenities.

No RSVP is necessary to attend the Silver Creek Utah Opening Event, which is located at 6771 Silvery Lupine Way, Park City. Doors will open for viewing of the model home at 12:00 PM MDT.

About IHP Capital Partners

Founded in 1992, IHP Capital Partners is one of the nation’s leading real estate investment firms. The company facilitates the path to success for its investors and development partners by providing equity capital for residential projects nationwide, with a focus on the western United States. A trusted tactical and fiduciary partner for nearly 30 years, IHP’s track record is built on experience, expertise and sustained long-term partnerships with well-known institutional investors and a wide range of the most notable builders and developers. Of the industry. For more information, visit IHPInc.com.

About Fieldstone Homes

Fieldstone Homes is a nationally recognized homebuilder that is listed on the prestigious Inc. 5000 list. As one of Utah’s top-rated and most trusted homebuilders for over 20 years, Fieldstone Homes takes a bold approach to building communities and homes that stand out for quality, design and value. The company is a recognized leader in setting new trends in home design, creating unique and irresistible model homes and providing an unparalleled customer experience. With nearly 6,000 homes built in Utah, Fieldstone Homes draws on its strong knowledge and understanding of the regional market to deliver top quality homes that meet the needs of today’s buyers. Thinking boldly to create beautiful, one-of-a-kind communities is what Fieldstone Homes is all about. For more information, visit FieldstoneHomes.com.

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Salt lakes real estate

Big Money Deals and Malibu Celebrities • The Malibu Times

Roma Downey and Mark Burnett demand $22 million for Malibu Colony home

As first reported by The Real Deal, Roma Downey and Mark Burnett have put their Malibu Colony property up for sale for $22 million. The property had been rented for most of the past 15 years for no less than $100,000 per month. Downey had purchased the property for $3.7 million in 1999, seven years before she and Burnett were married.

With over 30 feet of waterfront, the 3,800 square foot 1963 Cape Cod-style home was owned in the 1990s by film and television producer Brian Grazer. The interior of the three-story, five-bedroom home is “Shabby Chic” in style with distressed wood and white slipcovers. The exterior features a huge deck and plunge pool.

Downey, nearly retired from acting, is probably best known as the star of “Touched by an Angel” and is the producer of various Christian-themed television shows. Burnett, now president of MGM Worldwide Television, made his fortune as the reality TV creator of hits like “Survivor” and “Shark Tank.”

Burnett sold a beachfront home on Malibu Road last year for $11.7 million, but the couple still own a home on Point Dume as well as a multi-acre clifftop estate above. above Paradise Cove.

‘Gilmore Girls’ and ‘This is Us’ Actor Milo Ventimiglia Shops in Far West Malibu

Actor Milo Ventimiglia, 45, just dropped $4.4 million on an updated ocean-view ranch home on the land side of Far West Malibu, adding his fourth property to a portfolio which already includes two homes in Los Angeles and a place in Oregon.

The 2,500 square foot one-story, three-bedroom home with a pool, built in 1965, is in a private neighborhood. It has a separate studio structure in the side yard.

The Orange County native began his screen acting career in 1995 and got his first big break with a major role in ‘Gilmore Girls’ which ran from 2001 to 2006. He continued to act steadily in television and film, including playing Sylvester Stallone’s son in “Rocky Balboa” and “Creed II”. Her next big hit was a starring role in “This is Us” from 2016-22; receiving three Emmy Award nominations for Outstanding Lead Actor in a Drama Series and two Screen Actors Guild Awards for Outstanding Performance by an Ensemble in a Drama Series.

Billionaire sells longtime Broad Beach vacation home for $22 million to ex-NFL player

A trust linked to the extended family of Marc Nathanson – recently appointed US Ambassador to Norway – recently sold a vacation home in Broad Beach that had been owned by the family for 20 years. It was bought for $22 million by Eric Bergeson, a former NFL player with the Atlanta Falcons who is now a successful Salt Lake City-based hedge fund manager.

The two-story, 6,100-square-foot Cape Cod-style home with 40 feet of ocean frontage was rebuilt in 2005 and featured in Architectural Digest in 2017.

Nathanson, 77, founded Falcon Cable TV in 1975 and sold it in 1999 for $3.7 billion. He and his wife Jane are prominent art collectors and philanthropists and own Mapleton Investments. They are well known for their support of the LA County Museum of Art and other local institutions. The couple also own a mansion in Montecito, a ski lodge in Aspen and a primary residence in Holmby Hills.

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Salt lakes real estate

The Real Housewives of Salt Lake City season 3: what we know

Hello, beautiful baby! Just over six months since last season’s final reunion episode aired, The Real Housewives of Salt Lake City (RHOSLC) is already returning to our television screens. Season 3 features five full-time cast members as well as three friends, one of whom you might recognize from a drama night in season 2.

Although two former cast members aren’t returning this season, there’s no shortage of interesting stories. In fact, dare we say that relationships are even more personal and carry far more weight than ever before? Don’t underestimate what these Utah-based women bring to the Bravoverse.

“We’re pulling a thread on a sweater,” as Heather Gay said in the trailer. “It’s not the end. It’s the beginning.”

When is The Real Housewives of Salt Lake City season 3 release date?

Season 3 of RHOSLC premieres Wednesday, Sept. 28 at 9 p.m. ET/PT. The hour-long episode airs on Bravo, then is available to watch the next day on the Peacock streaming service.

Who is in The Real Housewives of Salt Lake City Season 3 cast?

Lisa Barlow (owner of various businesses and considers herself a “Mormon 2.0”), Jen Shah (likes extravagant things and has a sharp tongue), Heather Gay (owns a cosmetic medicine practice and is preparing for her upcoming memoir , bad mormon), Meredith Marks (celebrity jewelry designer) and Whitney Rose (owner of a skincare line and a descendant of “Mormon royalty”, but who left the church more than a decade ago) are returning all for their full-time positions. Mary Cosby and Jennie Nguyen are not returning for Season 3.

However, another familiar face, Angie Harrington, who had a falling out with her friend Lisa in Season 2 is back. Friends in the cast will be Angie, along with newbies Danna Bui-Negrete (entrepreneur, real estate agent and friend of Heather) and Angie Katsanevas (business owner and friend of Jen).

Angie Katsanevas, Danna Bui-Negrete and Angie Harrington in The Real Housewives of Salt Lake City

Meet him RHOSLC beginners: Angie Katsanevas, Danna Bui-Negrete and Angie Harrington. (Image credit: bravo)

What is The Real Housewives of Salt Lake City Season 3 Plot?

Between skiing on snow-capped mountains and relaxing on sandy beaches – and even a romantic bubble bath – friendships will be tested this season. RHOSLC. These women have a story, which means disagreements and fights sting all the more.

If you watched seasons 1 and 2, you wouldn’t believe that Jen and Meredith really get along. Or that Heather pushed her own cousin, Whitney. However, that’s just the tip of the iceberg with what’s happening in Mormon-heavy (and traveling) Utah in Season 3. Some of these ladies are dealing with some serious changes in their lives. life and others are in the midst of major rumors.

The Real Housewives of Salt Lake City Season 3 Trailer

Get ready, because the Season 3 trailer will have you questioning everything you thought you knew about this group. Remember when Bravo fans worried that Salt Lake City wasn’t interesting enough? Yeah, still not true.

“I was played,” Meredith said in the trailer. “By who?” Whitney asked. “You,” Meredith replied.

How to watch The Real Housewives of Salt Lake City

Season 3 airs on Bravo on Wednesdays at 9 p.m. ET/PT. Don’t have cable or can’t watch at the time? Head to Peacock the next day to catch up or click over to BravoTV.com. Bravo is also broadcast by live TV streaming services FuboTV, Hulu with Live TV, Sling TV and YouTube TV.

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Salt lakes real estate

In Utah, thousands of homes are powering the stored solar array…

During the hottest days of summer, virtual power plants are popping up everywhere.

Some 4,000 Home batteries helped keep households cool across Vermont during a recent heat wave while saving customers a collective million dollars. Tesla organized a few thousand customers in his home state of California to use their batteries to help with grid emergencies in exchange for cash. This network started in July – and was widely publicized by screenshots of Tesla app users.

But there’s another home battery network that’s helping their owners while helping the grid, and it’s in a place known more for pioneering with wagons than for pioneering climate and energy policy. In Utah, Rocky Mountain Power, the utility that serves most of the state, actively monitors thousands of batteries in customers’ homes, on a daily basis, and pays them directly to help the grid through its program. Wattsmart.

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Rocky Mountain Power’s vision for the program is that all solar customers will also install a battery,” said utility spokesman Brandon Zero. Our goal is to have thousands of customers and hundreds of megawatts signed up to Wattsmart.

That’s a lot of scale for a concept that only recently moved from the energy-futuristic wish list to commercial operation in the territories of a few forward-thinking utilities. Utah’s program is all the more striking because it succeeds in a state with low electricity prices and little political support for the traditional rooftop solar business model. .

Rocky Mountain Power does not offer full retail net metering for households with rooftop solar panels; if households export excess electricity to the grid, they earn less than they would pay to buy that electricity. Utah isn’t shelling out money to encourage rooftop solar adoption like other states do.

The US subsidiary of German home battery company Sonnen has seen an opening in Utah to go beyond conventional solar systems with rooftop and pitch batteries. He found an installation partner in the state called ES Solar which was ready to completely overhaul its sales tactics to emphasize what batteries can do.

The consumer can see this is the solar of the future,” said Blake Richetta, CEO sonnen american affairs. Not [just] a solar panel on your roof, but a solar panel plus a battery, with the utility seeing the value.

Adding a battery allows Utah homeowners to store solar power throughout the day and consume it at night, instead of dumping excess generation on the grid for meager compensation. The batteries also provide backup power during outages. And now, through the Wattsmart program, residential customers can get paid by their utility to allow their batteries to be used to support the grid as part of a virtual power plant.

Cost is the biggest barrier that deters customers from adding a battery to their rooftop solar array. Home battery products usually cost around $ten,000. But the recently extended federal tax credit is shrinking 30 percent. Then, Wattsmart offers an upfront payment of $400 per kilowatt of registered battery capacity, plus an annual participation credit of $15 per kilowatt. A typical 5-kilowatt system earns $2,000 cash when registering and another $75 annually.

Between the tax credit and the Wattsmart payments, a homeowner can get a battery for about half the list price.

With the program, solar alone looks much lower in Utah,” Richetta said.

So far, 3,000 Utah households are participating or in the process of enrolling. It’s not far behind 4,000-person virtual power plant in Vermont, which has been building since 2015. By joining Wattsmart, customers are not isolated from the network; they use their energy assets to help meet the needs of the system, day-to-day, with cheaper, cleaner energy than that pumped out by conventional fossil fuel power plants.

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Salt lakes real estate

Church & State Marketplace welcomes creators and movers | New

SALT LAKE CITY–(BUSINESS WIRE)–Sept. 10, 2022–

Church & State, a 501(c)(3) nonprofit organization dedicated to building a sustainable ecosystem of startups and small businesses, is remodeling its historic 23,000 square foot work and event space into a gathering place that brings together diverse communities. With a mission to promote productivity and well-being, Church & State is open to anyone looking to connect, collaborate, and contribute to collective growth.

The recent opening of Café Juniper, a café offering comforting and creative drinks, pastries and artisan toast, has transformed Church & State into a destination where people want to linger. Sunlight filters through beautiful stained glass, making the dog-friendly space an inviting hangout for the neighborhood. Located in the heart of downtown Salt Lake City at 370 S. 300 East, Church & State has been a mainstay of the entrepreneurial community since 2014.

“When people with different interests and backgrounds come together, amazing things can happen,” says June Chen, MD, co-founder of Church & State. “By deliberately blending creators and entrepreneurs in a space where retail and office blend seamlessly, we hope to spark collisions that will lead to new friendships and new ideas.”

Visitors to Church & State can indulge in an upscale barbershop experience at Retro Barbers, where professional pin-ups specialize in classic haircuts, razor shaves and beard trims made to order. the hand. They can train in modern Brazilian jiu-jitsu at Combat Arts Jiu Jitsu or strengthen their core at Polestar Pilates. Church & State is also home to professional services firms such as Alta Bookkeeping, an outsourced accounting and auditing services company, and Monarch Social, a digital marketing agency.

On the second Tuesday of each month, Church & State hosts The Night Market, a nighttime market produced by SLC Lunatics featuring an array of local vendors and live entertainment. The next market will take place on September 13, 2022, from 8 p.m. to 11 p.m.

For more information on spaces currently available at Church & State, email [email protected]

About Church and State

Founded in 2014, Church & State is a 501(c)(3) nonprofit organization dedicated to creating a sustainable ecosystem that provides entrepreneurs, startups, and small businesses with the essentials needed for success. To learn more, visit https://www.cs1893.com/.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220910005016/en/

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SOURCE: Church and State

Copyright BusinessWire 2022.

PUBLISHED: 09/10/2022 11:00 AM/DISC: 09/10/2022 11:02 AM

http://www.businesswire.com/news/home/20220910005016/en

Copyright BusinessWire 2022.

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Salt lakes real estate

America is building more homes in disaster-prone areas

SEATTLE–(BUSINESS WIRE)–(NASDAQ: RDFN) – America is building more and more homes in places threatened by natural disasters, according to a new report from Redfin (redfin.com), the technology-based real estate brokerage. More than half (55%) of homes built so far this decade are at risk of fire, while 45% are at risk of drought. In comparison, only 14% of houses built between 1900 and 1959 are at risk of fire and 37% at risk of drought. New homes are also more likely than older homes to face heat and flood risks, but the gap is greatest when it comes to fires and drought.

That’s according to a Redfin analysis of climate risk scores from ClimateCheck and county records on single-family homes built since 1900 that still exist today. Redfin defines an at-risk home as a home with a moderate, high, very high, or extreme ClimateCheck score. The analysis does not include homes with relatively low scores, which may also face some level of risk.

Overall, heat is the most common hazard, with nearly 100% of homes built in the past two years at risk. Heat risk is based on the number of extremely hot days expected in the future. Next come storms (78%), followed by fires (55%), droughts (45%) and floods (25%). Storm is the single hazard more likely to afflict older homes. This is likely because many older homes in the country are located in the storm-prone northeast.

From an environmental perspective, America is building, rebuilding and subsidizing homes in the wrong places, according to economist Jenny Schuetz, who recently published a book on the subject.

“Areas that are already built up are less prone to wildfires because they’re not surrounded by forests and trees — they’re surrounded by other buildings,” Schuetz said by phone. But “increasingly, we have to build new housing further and further away from city centers because easy-to-use land has been built up and it is often difficult to add more housing in the urban core. … In the West, the areas prone to wildfires are in the undeveloped land, and so the further we go into the undeveloped land, the more the houses will be in danger.

A 2021 Redfin analysis found that more people moved into US counties than out of US counties with the highest share of homes at high risk of natural disasters. Many of these areas attract buyers because they are relatively affordable, have lower property taxes, more housing options, or access to nature. Some buyers are simply not aware of the risks. Redfin.com publishes climate risk data for nearly every US home, except rentals, to help home hunters make more informed decisions.

It should be noted that while new homes are increasingly being built in disaster-prone areas, most US housing stock is not new. Two-thirds of US homes were built before 1990, while about 4% were built in 2014 or later, according to US Census Bureau estimates.

New homes are more likely to face a fire hazard as builders target flammable areas

The share of homes built in fire-prone areas has steadily increased since the 1960s as builders have expanded beyond dense cities and into areas with more flammable vegetation. More than half (55%) of homes built so far this decade are at risk of fire, compared to 19% of homes built in the 1960s and 8% of homes built between 1900 and 1910.

“There’s no more room to build in Salt Lake City, so developers have moved into the surrounding mountains, which are more prone to wildfires and drought. Record temperatures and a lack of snow have turned these areas into a powder keg,” said Ryan Aycock, local market manager for Redfin. “Herriman, a town just south of Salt Lake City, right next to the mountains, attracts tons of builders. Fires were never a big deal when Herriman was mostly vacant land, but now dozens of people are headed for danger.

A fire in 2010 burned more than 4,000 acres and destroyed several homes in the Herriman area after the National Guard conducted machine gun training despite fire and wind warnings. Nearly 40% of all homes in Utah (worth about $220 billion) face a high fire risk, a higher share than any other western state analyzed by Redfin in 2021.

Not only is America building more and more homes in fire-prone areas, but the fires are also increasing in intensity. According to the National Interagency Fire Center, the three most destructive wildfire years, in terms of area burned, have all occurred in the past decade.

In Colorado and Arizona, new homes are much more likely to face a fire hazard

In Colorado, 90% of homes built so far this decade are at risk of fire, compared to just 23% of those built between 1900 and 1959. That 66-percentage-point gap is the widest among the states analyzed. by Redfin. Next comes Arizona (97% vs. 38%), followed by Utah (85% vs. 28%), California (91% vs. 39%) and Florida (58% vs. 6%).

A significant portion of home building in the United States takes place in Florida, California, Arizona, and Colorado. Florida has issued about 133,000 building permits so far this year, more than all states except Texas. California ranks third with 72,000 permits, while Arizona and Colorado rank sixth and seventh, with 40,000 and 33,000, respectively. This is partly because these states continue to grow. Florida, Arizona and Utah all rank in the top 10 in terms of percentage population growth from 2020 to 2021, according to census estimates.

New homes more likely to be at risk of drought as builders expand into the Sunbelt

The share of housing built in drought-prone areas has also increased. Just under half (45%) of homes built so far this decade are at risk of drought, compared to 39% of homes built in the 1960s and 28% of homes built between 1900 and 1910.

One of the reasons new homes are more likely to be at risk from drought is that they are likely to be located in drought-prone states like Texas, California, and Arizona. And in these drought-prone states, homes are increasingly being built in neighborhoods that aren’t equipped to deal with drought.

“Residential construction has exploded in Arizona over the past few years as our population has skyrocketed. Builders are heading to more rural and drought-prone areas because that’s where there is available land,” said Heather Mahmood-Corley, Phoenix Redfin real estate agent. “In Casa Grande, a town just south of Phoenix, builders are selling homes despite warnings that there might not be enough water for everyone. In the nearby San Tan Valley, a developer owns a large portion of the wells, allowing him to build without restriction and sell water rights to other developers.

Mahmood-Corley continued, “Builders have done a good job of warning buyers about lack of water, but many buyers don’t pay attention. Often they focus more on finding affordable housing.

In Arizona and Pennsylvania, new homes are much more likely to face drought risk

In Arizona, 75% of homes built in this decade are at risk of drought, compared to 41% of those built between 1900 and 1959. This gap of 34 percentage points is the largest of any state analyzed by Redfin . This is followed by Pennsylvania (56% vs. 28%), Nevada (86% vs. 61%), Missouri (29% vs. 6%) and Idaho (75% vs. 54%).

To view the full report with additional analysis and state-level climate risk data, please visit:

https://www.redfin.com/news/homes-built-disaster-prone-areas

About Redfin

Redfin (www.redfin.com) is a technology-driven real estate company. We help people find a home with brokerage, instant home buying (iBuying), rental, loan, title insurance, and home improvement services. We sell houses for more money and charge half the fees. We also run the #1 real estate brokerage site in the country. Our homebuyer clients see homes first with on-demand viewings, and our loan and title services help them close quickly. Customers selling a home can receive an instant cash offer from Redfin or have our renovation team repair their home to sell for the best price. Our rental business helps millions of people across the country find apartments and houses to rent. Since launching in 2006, we’ve saved our clients over $1 billion in commissions. We serve over 100 markets in the United States and Canada and employ over 6,000 people.

For more information or to contact a local Redfin real estate agent, visit www.redfin.com. To learn more about housing market trends and download data, visit the Redfin Data Center. To be added to Redfin’s press release mailing list, email [email protected] To see Redfin’s press center, click here.

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Salt lakes real estate

Page M. Juliano/Summit Sotheby’s International Realty • Salt Lake Magazine

Page Morris Juliano brings home hunters and sellers the best of the Utah town to the mountain lifestyle. As one of the few real estate agents with expertise in Utah’s two hottest markets, Salt Lake and Park City, she is among Sotheby’s go-to agents to assist clients in all ranges of price.

“We believe everyone should be represented,” she says of Sotheby’s mission. “For us, luxury is not a price. We strive to take care of each of our customers at the same level.

The daughter of real estate powerhouse Carlyle Morris and property developer Rob Morris, Juliano was practically destined for the life of a real estate agent. She’s been licensed for 26 years, and the early years of her career were spent learning the ropes from her top teachers.

“I can never forget the foundation my parents gave me,” says Juliano. “My mother was one of Utah’s first female realtors and truly exemplified true courage, discernment and poise. She taught me that consistency is key in this unpredictable industry.You need to have structure, discipline and a daily regimen to stay nimble.

Juliano credits much of his balanced success to his team at Sotheby’s, from his assistant Kelley Keator and his dedicated deal coordinators, to the international network of agents and executives who help agents stay informed and up-to-date on statistics, marketing and Utah Real Estate practices and policies. But most importantly, Juliano’s personal formula for success is simple: “keep showing up and communicating”.

“This business is not for the faint of heart,” she says. “Many don’t realize how much work, time and education goes into it. People who don’t show up, don’t succeed.

Juliano is excited to see a new generation of agents taking on Utah’s rocky market.

Among them is his son-in-law, Patrick Munger, who has developed a strong following through Juliano’s mentorship.

She looks forward to passing the baton to new agents who, like her collaborator Munger, share Sotheby’s mission to work with humanity and care. But this powerhouse isn’t planning on bringing it out anytime soon.

“Recently, the Utah market has been unlike any other, but it’s fueling my creativity and encouraging new connections,” she says. “I like the challenge and I can’t wait to see what the next few years have in store for us.”

Page Mr. Juliano

Real estate professional: Summit Sotheby’s International Realty

625 Main Street, Park City
801-671-9761
homeinthewest.com


As leaders, our businesswomen are shining examples of success. They share insights into their entrepreneurial journey so others like them can follow their example.

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Salt lakes real estate

Xcited Transaction Totals $16.1 Million (Actual Bids) | Arkansas Business News

We were unable to send the item.

A 214,253 square foot retail project in Little Rock was worth $16.1 million.

Xcited Riverdale LLC, an Arkansas partner group formed by TJ Lefler of Lefler Capital in Fayetteville, has purchased the Riverdale Mall at 2500-2610 Cantrell Road.

The seller is Kappa Realty LLC, led by Chris Robertson Sr. The deal is funded by a 10-year, $16.7 million loan from Encore Bank of Little Rock.

Kappa Realty acquired the previously leased 17.6-acre site for $8.3 million in April 2019 from the Roman Catholic Diocese of Little Rock. The improvements were purchased for $4.2 million in November 1993 from New York Life Insurance Co.

Office-Warehouse Sale I

A 37,743 square foot office warehouse in North Little Rock tipped the scales at $2.3 million.

400 Phillips Road LLC, led by Ryan Gibson, and Horizon Ventures Inc., led by Zach Holderfield, purchased the 400 Phillips Road project in a 55/45 ownership split.

The seller is KMS Car WHS LLC, run by Rob Kimbel. The deal is funded by a 10-year, $1.9 million loan from Citizens Bank of Batesville.

KMS has purchased the 3.76-acre Consolidated Pipe & Supply Co. development from #40 Real Estate Partnership LLC, a subsidiary of Ameripipe Supply of Dallas.

Take 5 purchases

An oil change project in the University District of Little Rock generated a sale of $1.43 million.

The Everett Living Trust of San Diego has acquired the Take 5 Oil Change at 6207 Col. Glenn Road in Little Rock from Driven Brands Inc. of Charlotte, North Carolina.

The deal is backed by a 10-year, $717,500 loan from TruStone Financial Credit Union of Plymouth, Minnesota.

The 0.37 acre site was purchased for $260,000 in November 2021 from Xiang and Jin Lin.

Flagship project

A 16,750 square foot former Fred’s store in the landmark community of southern Pulaski County has changed hands in a $1.33 million deal.

Exchangeright Net-Leased Portfolio 56 DST of Pasadena, Calif., has purchased the 15700 Arch Street Pike project from Colbcar LLC of Brookhaven, Mississippi.

The 3.3-acre development helps secure a $59 million financing deal with Morgan Stanley Bank of Salt Lake City.

The property was acquired for $550,000 in 2021 from Summit Properties Landmark LLC, a subsidiary of Atlantic Retail Investors of Jupiter, Florida.

Office-Warehouse Sale II

A 19,419 square foot office warehouse in North Little Rock has sold for $1.15 million.

Stuart and Suzanne Mackey purchased the 7301 Industry Drive project and adjoining 4.7 acres of land from House Properties Inc., run by Barbara Mae House.

The deal is funded by a 25-year, $539,174 loan from White Hall’s Relyance Bank.

House Properties purchased the 4.01-acre development and land for $825,000 in May 2002 from bankrupt Beverage Systems of America Inc.

Storage land

A storage development in West Little Rock is in the works after a $1 million land deal.

Brookwood-WLR II LLC, a subsidiary of Brookwood Properties in Baton Rouge, has acquired the 3.1-acre site near the northwest corner of Wellington Hills Road and Chenal Parkway. The seller is Chi Hotel Group LLC, led by Jacob and Jasen Chi.

The deal is backed by a 10-year, $9.3 million loan from Morgan Stanley Private Bank of Purchase, New York.

Chi Hotel bought the land in April 2018 for $675,000 from Chenal Commercial Partnership, led by Jim Hathaway.

goodwill asset

A 48,764 square foot warehouse in downtown Little Rock attracted a $900,000 transaction.

Haybar Properties LLC, led by Bryan Hosto, has purchased the 1110 W. Seventh St. project. The seller is Goodwill Industries of Arkansas Inc., led by Brian Marsh.

The deal is funded by a 30-year, $500,000 loan from First State Bank of Lonoke.

Goodwill assembled the 1.41 acre property in deals with Joseph and Marilyn Brown, $175,000 in June 1972; and Margaret Erhart, Mary Sue Rogers and Logue and Carol Omohundro, $75,000 in October 1974.

office transaction

A 6,099 square foot office building in West Little Rock is under new ownership after a $760,000 deal.

Gittens Holdings LLC, led by Brian Gittens, purchased the 14 Office Park Drive project. The seller is Scott Ventures LLC, led by Thomas Scott III.

The deal is funded by a four-year, $608,000 loan from Simmons Bank of Pine Bluff.

Scott Ventures assembled the 0.66 acre development under deals with Aaron and Sandra Lubin, $525,000 in July 2015; and Alysee Property Management LLC, led by Alvin Rogers, $27,112 in April 2017.

Bovine property

A 113.85-acre tract in northern Pulaski County recorded a sale of $525,000.

Nelson Land & Cattle LLC, led by Joshua and Brittany Nelson, acquired the property on Fortson and Ridge Creek Rock roads about 7.5 miles northwest of Jacksonville. The seller is Sorrels Cattle Inc., headed by Michael Sorrels.

The deal is backed by a 25-year, $525,000 loan from the Farm Service Agency of Washington, D.C.

Sorrels Cattle bought the property for $401,000 in July 2014 from the Copeland Living Trust, run by Johnny and Cristi Copeland.

gold acquisition

A 3,840 square foot retail project in Little Rock changed hands in a $460,000 deal.

Ara Cho LLC, led by Han Cho, purchased the Golden Beauty Supplies project at 2901 W. 12th St. The seller is Jeon & Yoon Enterprise Inc., led by Kyungmi Yoon.

The deal is funded by a five-year, $391,000 loan from First Community Bank of Batesville.

The 0.56 acre development was acquired for $200,000 in June 2021 from Golden Beauty Supplies Inc., led by Jim Im.

Amboy Buy

The 41,230 square foot former Amboy Elementary School in North Little Rock sold for $360,000.

Turchi Inc., led by Rodney Turchi, purchased the 2400 W. 58th St. project from Whitman LLC, led by Ryan Meyer.

The deal is funded by a 10-year, $348,000 loan from Focus Management Group LLC of Little Rock.

Whitman purchased the 5.64-acre property for $175,000 in December 2016 from the North Little Rock School District.

65th Street Offer

A 14,900 square foot building in Little Rock attracted a $275,000 transaction. Enmar Properties Inc., led by Bertha Guerra, has acquired the 5100 W. 65th St. project.

The seller is Pine Plaza Investments LLC, led by Rick Ferguson. The deal is backed by a five-year, $233,750 loan from Bank of Little Rock.

Pine Plaza purchased the 1.17 acre development for $275,000 in September 2021 from Nicholas and Susan Brown.

Forest Heights Location

A 4,156 square foot home in the Heights neighborhood of Little Rock was worth $1.35 million.

John and Jamie Bizzell bought James and Jill Gibson’s house.

The deal is funded by a 30-year, $1 million loan from Regions Bank of Birmingham, Alabama.

The Gibsons acquired the residence for $1.1 million in October 2020 from Russell and Sarah Brantley.

Circle of Sologne

A 5,939-square-foot home in the Sologne Circle neighborhood west of Little Rock tipped the scales at $1.14 million.

Philip and Dana McKellar bought the house from Girner Enterprises LLC, run by John Girner, who provided a one-year mortgage of $1 million.

The residence was acquired for $1.1 million in August 2008 from the Bank of England.

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Salt lakes real estate

Real Estate News: Price Records Set in Los Angeles

Welcome to the real estate newsletter. The weather and the market are incredibly hot right now, and this week celebrities have been breaking price records in multiple neighborhoods.

Alyson Hannigan of “How I Met Your Mother” kicked things off in Encino, where she unloaded her architectural estate for $16 million – the highest market sale in the neighborhood’s history.

The high rating makes sense given the scope and style of the estate. Covering 7,600 square feet on three acres, the striking mansion was built by LA architect Peter Tolkin, who designed it as a series of gallery-like pavilions laden with wood, concrete and glass.

In the Downtown Los Angeles Arts District, ‘Fast and Furious’ director Justin Lin has broken another record by selling his penthouse loft for $5.5 million – by far the highest price ever in the area and one of the biggest sales in all of downtown.

Lin used the four-story loft as an office for her production studio, and the listing of photos shows just how flexible the space is. It spans 4,300 square feet and features an additional 3,600 square feet of outdoor space with floating stairs traversing a sprawling open floor plan. Single-family housing will always be the go-to option in Southern California, but Lin’s home is an example of what luxury vertical living can look like.

Another film figure – successful producer Joel Silver – is hoping for similar success in Brentwood. He has relisted his hot pink mega-mansion for $49 million, a significant discount from the $75 million he was previously asking for.

Built by Mexican architect Ricardo Legorreta, this whimsical, one-of-a-kind estate is said to be Brentwood’s third most expensive sale at $49 million behind Scooter Braun and a massage chair mogul.

The crazy week was not limited to the residential market. In the San Gabriel Valley, the Westfield Santa Anita mall sold for a staggering $537.5 million, making it the most expensive mall sale in years.

The identity of the buyer remains unclear, but a source said it was an established commercial real estate investor with other retail assets in Southern California. It’s a massive sale but not surprising; in April, Westfield’s owner said he would sell the company’s 24 US malls.

Finally, we spent some time explaining what “affordable housing” really means. It’s a term that makes the headlines in several Los Angeles Times articles each week, but how is it actually constructed? And more importantly, how can you be one of the lucky few to land an affordable unit?

Jon Healey’s story answers these questions and more.

As always, while keeping up to date with the latest news, visit and like our Facebook page, where you can find real estate stories and updates throughout the week.

The actress’ gorgeous property fetches a record price

This piece showcases the estate’s wood and glass aesthetic.

(Tyler Hogan)

Encino just saw one of its biggest sales ever as ‘How I Met Your Mother’ star Alyson Hannigan and her husband, actor Alexis Denisof, sold their architectural resort for $16 million.

It’s the highest paid home on the Encino market, beating Joe Jonas and Sophie Turner’s $15.2 million sale in 2021. But the record price was hit in 2019 in what’s called a off-market sale, i.e. a house changing hands outside of the Multiple Listing Service – when another Jonas brother, Nick, and his wife Priyanka Chopra quietly paid $20 million for a 20-year-old mansion 000 square feet.

Hannigan and Denisof, who both starred in “Buffy the Vampire Slayer,” doubled their money on the deal. Records show they bought the property for $7.95 million in 2016.

The popular resort is known as the Sherman Residence, and it’s unlike anything else in the San Fernando Valley market. Comprised of pavilions marked by wood, glass, and concrete, the estate has starred in numerous movies and TV shows over the years, including “Fracture,” “Fun With Dick and Jane,” “CSI: Miami,” and “Agents of SHIELD”.

Director sets new high in Arts District

The condo sits above Biscuit Company Lofts, a 1920s building that once served as Nabisco's West Coast headquarters.

The four-story condo sits above Biscuit Company Lofts, a 1920s building that once served as Nabisco’s West Coast headquarters.

(NeueFocus)

Director Justin Lin just closed the most expensive deal ever for a condo in downtown Los Angeles’ arts district, selling his penthouse loft for $5.5 million.

It’s a defining sell-off for the downtown Los Angeles luxury market, which has taken a hit during the pandemic as buyers work remotely and abandon vertical living in favor of single-family homes. The sale also ranks as the priciest condo deal in downtown Los Angeles outside of the Ritz Carlton Residences at LA Live, where NBA players such as Kawhi Leonard and Lonzo Ball have purchased nearby homes. from Crypto.com Arena.

Lin, who is best known for directing five films in the ‘Fast and Furious’ franchise, bought the place ten years ago for $2.6 million from actor-director Vincent Gallo and used it as an office for his production company, Perfect Storm Entertainment. Records show he put it up for sale earlier this year for $7 million.

At 4,300 square feet, the four-story condo is larger than most single-family homes. It’s on the 7th floor of Biscuit Company Lofts, a 1925 building that once served as Nabisco’s West Coast headquarters.

Hit producer cuts price of mega-mansion

The Ricardo Legorreta-designed home of film producer Joel Silver has a huge atrium, hydraulic doors, and a screening room.

The Ricardo Legorreta-designed home of film producer Joel Silver in Brentwood has a huge atrium, hydraulic doors and a screening room.

(Tyler Hogan)

If at first you don’t succeed, slash, slash the prize. That’s Joel Silver’s strategy in Brentwood, where he’s just relisted his hot pink mega-mansion for $49 million – a 35% discount from his previous $75 million request.

Silver, the movie producer behind hit franchises such as “Die Hard” and “The Matrix,” will still make a big profit if he gets his prize. He bought the property for $3.3 million in 1988 and razed the existing structure, commissioning Mexican architect Ricardo Legorreta to build a 25,000 square foot mansion in its place.

If it sells for $49 million, it will be the third most expensive sale in Brentwood history behind Scooter Braun, who spent $65 million on a modern farmhouse last year, and the armchair mogul from massage Matt Wollman, who offloaded his fortress-like estate for $56.55 million. a few months later.

One of the brightest and boldest homes in the area, the pink complex is a perfect representation of Legorreta, whose whimsical style brought color to Mexico and the United States, including the revamp of Pershing Square In 1994.

Westfield Santa Anita sold for a fortune

A young girl watches customers, seen through a reflection, return to shop inside Westfield Santa Anita.

Westfield Santa Anita Mall, featured in 2020, has been sold to an undisclosed buyer for $537.5 million.

(Genaro Molina/Los Angeles Times)

Westfield Santa Anita has changed hands in one of the most expensive mall sales in years as its Paris-based owner moves to offload its US properties and retreat to Europe, writes Roger Vincent.

Unibail-Rodamco-Westfield has sold the large Arcadia indoor shopping center for $537.5 million, the French shopping center company announced.

It is the highest price paid for a US mall since 2018, according to real estate investment bank Eastdil Secured, which advised Unibail-Rodamco on the sale. That year, real estate giant Brookfield sold a 49% stake in Fashion Place near Salt Lake City for $594 million, which Brookfield’s real estate chief told investors “was a very healthy price.”

The identity of the Arcadia Mall buyer was not disclosed, but Unibail-Radamco said the new owner “is an established commercial real estate investor with other commercial assets in Southern California.”

Where to find affordable housing

Leading state legislators and officials tour a newly built all-electric affordable apartment building in Mar Vista.

Top lawmakers and state officials tour a newly constructed all-electric affordable apartment building in Mar Vista, Los Angeles, California, March 11, 2022.

(Carolyn Cole/Los Angeles Times)

Los Angeles has far too little housing, especially of the affordable variety. A 2021 study by the California Housing Partnership found nearly 800,000 low-income households in the city need low-cost housing, but affordable housing supply is short by nearly 500,000, writes Jon Healey.

Still, new affordable housing is opening every year — more than 8,200 have been added to the city’s inventory from April 2021 to March 2022, according to the city’s housing report.

But how can tenants find out about these units and how are they filled? We have answers.

What we read

“Serial home-swapping” sounds like a new HGTV show, but it’s actually an emerging trend in which remote workers swap homes to try out different cities. The BBC spoke to a few who agreed to the swap, including a New Yorker who swapped his studio for a house in Colorado and a European couple who swapped their apartment in Amsterdam for a beach house in Barcelona.

There are affordable prices, and then there are prices so cheap they seem fake affordable. MarketWatch reviewed eight homes on the market for less than $100,000 across the country and found a houseboat in Washington, a bungalow in Texas and a four-bedroom house in Syracuse, NY.

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Salt lakes real estate

More and more people are moving to places rather than places facing severe drought

About three-quarters of metropolitan areas where more than half of homes experienced severe drought in August have seen more people moving in than moving out in recent months, according to a new report from Redfin, a tech-based real estate agency.

In 34 of the 129 metros (26%) analyzed by Redfin, more than 50% of homes experienced intense drought in mid-August. Twenty-five of those 34 metros (74%) saw net inflows in the second quarter. A net influx means more Redfin.com users have been looking to move in than to leave.

Only 23 of the 99 metros (23%) for which Redfin has data for 2021 had more than 50% of households experiencing intense drought in mid-August 2021. Of these 23 metros, 16 – or 70% – had entries net in the second quarter of 2021.

“Many people consider climate risk when deciding where to live, but other factors, such as affordability, often take precedence as rents rise and monthly mortgage payments for homebuyers have increased by nearly 40% from a year ago,” Redfin said. economist Sebastian Sandoval-Olascoaga. “Drought may also not scare people to the same extent as fires or floods, which can physically decimate homes. Still, homeowners and buyers should be aware that the danger of drought could ultimately reduce their home’s value if a lack of water forces residents to leave in droves.

An estimated $17 trillion worth of homes (about 25 million properties) in metros analyzed by Redfin experienced severe drought in mid-August 2022, up 42% from $12 trillion (14 million of properties) a year earlier. The increase was partly fueled by soaring home prices over the past year, but is also related to the location of drought-prone properties. Los Angeles, San Jose and New York — three of the country’s most expensive real estate markets — were among the metropolises with the most homes facing intense drought in mid-August. Dallas, San Antonio and Sacramento — Sun Belt metros that have seen home values ​​soar due to an influx of new residents — were also in the top 10.

Much of drought-prone America lies in the Sun Belt, which has grown in popularity in recent years as people have been driven from expensive coastal towns. From 2016 to 2020, more people moved to areas at high risk not only of drought, but also of heat, fire and flooding. The 50 counties with the highest share of households at high risk of drought saw their populations increase by an average of 3.5% during this period due to positive net migration. This trend has intensified during the pandemic, as remote work has made relocation to relatively affordable areas more possible.

In Las Vegas, Sacramento and San Antonio, the influx of new residents coincides with an intense drought

There were 13 metros where 100% of households experienced severe, extreme or exceptional drought in mid-August: Las Vegas; Bakersfield, California; Austin, TX; Killeen, Texas; Visalia, California; San Antonio; Dallas; Reno, Nevada; Chico, California; Salt Lake City; Sacramento, California; Fresno, California; and Salinas, California. All but two of those metropolises — Visalia and Salt Lake City — saw more people looking to move in than move out in the second quarter.

Sacramento saw the largest net influx among those 14 metros, with 9,640 more Redfin.com users looking to move in than leave in the second quarter. It was followed by Las Vegas (8,597), San Antonio (5,335), Dallas (4,964) and Bakersfield (2,576).

“Foreigners always flock to Vegas because they want lower taxes, cheaper groceries and gas, more affordable homes, and less traffic. Moving to a low-tax state is a great way to cut your expenses at a time when pretty much everything is getting more expensive,” said Lori Garlick, local Redfin real estate agent. “Homebuyers are expressing concerns about drought, especially now that the shrinking of Lake Mead is in the headlines, but drought risk is not a deal breaker for most of my clients. I have had a buyer who backed out of moving to Vegas because he feared the water would run out in a few years, but ended up moving to Arizona, which is also at risk of drought.

Last year, Nevada passed a law calling for the elimination of “non-functional” grass by the end of 2026 in a bid to conserve water. And starting Sept. 1, Las Vegas homeowners will no longer be able to have swimming pools larger than 600 square feet, a rule that could affect high-end home buyers who aspire to large pools.

“It will be interesting to see if further water restrictions affect migration to Las Vegas,” Garlick said. “Let’s say you’re a California green thumb used to trees and lawns, and you’re torn between drought-prone Las Vegas and drought-prone Colorado. Rules limiting vegetation in Vegas might tempt you to opt for Colorado.

An influx of migrants is aggravating climate hazards in some regions. In Utah, for example, population growth is one of the factors causing the Great Salt Lake to dry up. If it continues to recede, toxic chemicals in the lake bed could be picked up by windstorms and poison residents. The Salt Lake City metro saw a sharp outflow in the second quarter, but surrounding areas, including Wasatch County, have seen population increases in recent years.

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Salt lakes real estate

US Cities Where Home Prices Are Falling Fast

With mortgage rates rising to their highest levels since the 2008 housing crisis and fears of a recession, the real estate market is bracing for a downturn. Many experts are warning sellers to say goodbye to the pandemic housing boom and welcome an era of fewer bidding wars and higher inventories. That said, national house prices are expected to rise 4.3% between June 2022 and June 2023, according to CoreLogic
CLGX
. Yet some parts of the country remain particularly vulnerable to falling house prices.

Here’s a look at where we might expect to see lower house prices, based on which cities sellers are cutting asking prices, which markets are most vulnerable to a recession, and which overvalued communities are set to undergo a correction.

US Cities Where Sellers Are Lowering Asking Prices

Many sellers have reduced their asking prices in recent months. Some cities, especially those that were popular at the start of the pandemic, are seeing this trend more widely than other regions, according to a recent report by national real estate brokerage firm Redfin.
RDFN
. In an analysis of the 97 most populous metropolitan areas in the United States, a quarter of home sellers lowered asking prices in June.

Some of the hidden treasure towns that saw an influx of new residents during the pandemic are now cooling the fastest. Boise, Idaho, for example, touted as America’s most overvalued housing market, where prices soared as much as 80% last year, is seeing a decline. Recently, two-thirds of sellers (61.5%) in Boise reduced their asking prices, Redfin said.

“Higher mortgage rates and a potential recession are causing potential buyers in popular migration destinations to press the pause button, and they’re also having a big impact on workers in major job centers who are relying on their wallets. actions for installments,” Sheharyar Bokhari, senior economist at Redfin, said in the report. “Sellers are adjusting their expectations in real time as they realize they might not get the price their neighbor got two months ago.”

Denver is also seeing a decline, with 55.1% of sellers lowering asking prices for homes. Some 51.6% of sellers in Salt Lake City and 49.5% of sellers in Tacoma, Wash., recently reduced their prices. Other metro areas following this trend include Grand Rapids, Michigan (49.3%), Sacramento (48.7%), Seattle (46.3%), Portland, Oregon (45.7%), Tampa, Florida ( 44.5%) and Indianapolis. (44.1%).

“My advice to potential sellers is to list their home slightly lower than they should and be patient,” Denver Redfin agent Andy Potarf said in the report.

The markets most vulnerable to a recession

In a separate survey, Redfin looked at cities where residents have high debt to income ratios and where home equity remains vulnerable because of it. In these regions, owners are more likely to foreclose or sell at a loss.

Riverside, California tops the list of cities most vulnerable to a recession. Riverside “has highly volatile property prices and was a popular destination during the pandemic, both for people moving permanently and for those buying second homes,” according to the report. Boise, Idaho, came second, followed by Cape Coral, Florida, North Port Fla. and Las Vegas. Sacramento, CA, Bakersfield, CA, Phoenix, Tampa, Florida and Tucson, Arizona followed as risky markets that could be hit by a recession.

Cities overvalued and ready to be corrected

An analysis by Florida Atlantic University and Florida International University has revealed the most overvalued housing markets in the United States. Well, since what goes up often comes down, these cities should experience a downturn in the coming months as well.

It’s no surprise that Boise, Idaho tops this list as well, with a current premium of 73%. Austin, Texas followed with prices up 68%, along with Ogden, Utah (65%), Las Vegas (61%), Atlanta (58%), Phoenix (58%), Provo, Utah (57%). ), Fort Myers, Florida (56%), Spokane, Washington (56%), and Salt Lake City, Utah (56%).

As you can see, some cities like Boise, Phoenix, and Salt Lake City have made multiple lists, making them prime targets for falling real estate prices. Meanwhile, the rapid growth in house prices that has occurred over the past two years is generally expected to slow.

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Salt lakes real estate

Is America on the brink of another housing meltdown? Mountain West and Sun Belt overvalued by 72%

Property prices could fall by up to 20% next year in a recession, experts warn – and property in some parts of the country is overvalued by up to 72%.

Moody’s Analytics chief economist Mark Zandi was pessimistic about the housing market in May, but has now made his forecast even gloomier, Fortune reported Wednesday.

It comes amid ongoing discussions about whether the United States is already in recession, with the country posting two straight quarters of negative growth – the traditional definition of such a slump.

The news is particularly dire for people who have bought homes in what Fortune calls “bubble” markets, with Boise in Idaho, Charlotte in North Carolina and Austin in Texas all named the most overvalued markets.

But a total of 180 other regions across the United States have properties deemed overpriced, many of which are highly desirable.

They include Los Angeles, Orlando, Seattle and Indianapolis, where properties are all estimated to be overvalued by 30%.

Homes in Houston are overvalued by approximately 34.5%, while properties in Montana are overvalued by 25%.

Picturesque Bend in Oregon – regularly voted one of the best places to live in the United States – has homes overpriced by 43.8%, according to Moody’s, with Billings in Montana overpriced by 25%.

REVEALED: America’s overvalued areas

While Boise, Charlotte and Austin are the top three in the United States for overvalued properties, 180 other areas across the country also have property values ​​that Moody’s says are inflated.

They understand:

Los Angeles/Long Beach: 30.3%

Ogden-Clearfield (Utah): 50.6%

Seattle-Tacoma: 29.5%

Orlando: 30.4%

Denver-Fort Collins: 42.7%

Houston: 34.5%

Indianapolis: 29.5%

Burlington, Vermont 27%

Columbus (Ohio) 29.4%

Grand Rapids, Michigan 45.6%

Vegas: 53.3%

Elbow (Oregon) 43.8%

Billing (Montana) 25%

Rapid City (SD): 44.2%

Atlanta: 35.3%

Charleston: 35.6%

It comes weeks after the US central bank raised the benchmark interest rate to 2.5%, with another increase to 3.4% expected by the end of the year as the Fed attempts to controlling inflation.

These interest rate hikes are expected to push the United States into recession and likely drive down the cost of real estate as it becomes too expensive for many to get a mortgage, making drop in demand.

The most overvalued areas are largely in the western mountain and the sunbelt.

Boise, Idaho – which has seen real estate prices soar during the pandemic as masses swap expensive towns in the Bay Area and wider California for bustling Idaho — is the most overvalued area, Zandi said.

Boise, where the current average home is worth $526,050 according to Zillow, is nearly 72% overvalued, though a recession should only wipe out 20% of home prices at most.

Charlotte, North Carolina is the second most overrated, at 66%, with Austin in third place at 61%.

Charlotte, North Carolina is 66% overvalued, with an average home at $406,137 right now — and Austin, Texas, is 61% overvalued, with an average of $661,337.

Flagstaff, Arizona ($668,845), is 61% overvalued, while Nashville, Tennessee ($460,447) is 54% overvalued and Miami ($552,082) is 34%.

It’s unclear why these overvalued areas should see a maximum of 20% of house prices wiped out, rather than the full amount that experts believe are overvalued.

Only a handful of places were considered undervalued – the most undervalued being Decatur, Illinois, where the average home is $92,129, 6% undervalued.

Montgomery, Alabama ($135,742) is undervalued by 2.6% and Grant’s Pass, Oregon ($418,440) is 3.1%.

The housing stock is at its highest level since April 2009, as sellers struggle to get rid of their property because mortgages have become more expensive and other financial pressures – high gas prices, soaring grocery prices – continue to be felt.

Mortgage rates have nearly doubled since January, hitting 5.13% for a 30-year loan last week, according to Freddie Mac.

The Fed’s efforts to reduce inflation by slowing spending caused a marked slowdown in home sales.

Moody’s Analytics assesses quarterly whether local economic fundamentals, including local income levels, can support local housing prices.

Their latest data, shared with Fortune, found that 183 of the country’s 413 largest regional real estate markets are “overvalued” by more than 25%.

And nationally, house prices are also likely to fall, Zandi said.

He predicts that U.S. house prices across the country will fall over the next 12 months between zero and -5%: a more pessimistic forecast than in June, when Moody’s Analytics expected house prices to fall. US real estate remain unchanged.

If the United States enters a recession, it will be worse: real estate prices will fall by 5 to 10%.

In the 183 overvalued areas, homes could fall 15-20% in a recession.

Moody's Analytics Chief Economist Mark Zandi updated his forecast for the housing market to be even more pessimistic

Moody’s Analytics Chief Economist Mark Zandi updated his forecast for the housing market to be even more pessimistic

The 10 cities that saw the largest share of listing price reductions last month are shown above

The 10 cities that saw the largest share of listing price reductions last month are shown above

Although real estate transactions have declined, prices remain solidly high, with the July national median sale price of $403,800 representing a 10.8% increase from a year ago.

Although real estate transactions have declined, prices remain solidly high, with the July national median sale price of $403,800 representing a 10.8% increase from a year ago.

Moody’s Analytics is not an outlier.

Ian Shepherdson, chief economist at Pantheon Macroeconomics, said on Tuesday the outlook for home sales was even bleaker than the Fed had predicted, and the “worse is yet to come” for house prices.

He tweeted on Tuesday that he had been “bearish as hell on housing for months” – meaning he predicted a major market drop.

A bear market is a market where prices are falling and people are selling.

He attached a graph showing the dramatic downturn and said, “Well, I feel vindicated.”

Sales of new single-family homes hit their lowest level in nearly seven years in July, falling 12.6% to a seasonally adjusted annual rate of 511,000.

Fitch Ratings has said it sees U.S. home prices falling by up to 15%, and Robert Shiller, an economist who correctly predicted the 2008 housing crash, thinks there’s a good chance house prices fall by more than 10%.

A study released Monday by real estate brokerage firm Redfin found that a high share of home sellers lowered their asking price in July, especially in former pandemic boom towns.

Boise saw 70% of registrations reduced in July, compared to just a third a year ago.

In Denver, 58% of real estate listings were reduced last month, while 56% of listings in Salt Lake City were removed from the original asking price.

“Sellers and individual home builders both quickly lowered their prices early in the summer, mostly because they had unrealistic expectations for price and time,” said Boise Redfin agent Shauna Pendleton. .

“They priced too high because their neighbor’s house sold for an exorbitant price a few months ago and expected to receive several offers the first weekend because they had heard stories at this topic,” she added.

A housing estate is seen in Boise, where last month 70% of home listings were reduced below their original asking price as sellers faced their 'unreasonable expectations'

A housing estate is seen in Boise, where last month 70% of home listings were reduced below their original asking price as sellers faced their ‘unreasonable expectations’

In Denver, 58% of real estate listings were reduced last month

In Denver, 58% of real estate listings were reduced last month

Home prices remain solidly high, with July's national median sale price of $403,800 representing a 10.8% increase from a year ago, and just below the record set in June.

Home prices remain solidly high, with July’s national median sale price of $403,800 representing a 10.8% increase from a year ago, and just below the record set in June.

The average rate for a 30-year fixed mortgage was 5.13% this week

The average rate for a 30-year fixed mortgage was 5.13% this week

“My advice to sellers is to price your home correctly from the start, accept that the market has slowed down and understand that it can take longer than 30 days to sell. If someone is selling a nice house in a desirable neighborhood, they shouldn’t need to lower their price.

Although industry data shows home prices remain higher than they were a year ago nationally and in nearly every market, listing discounts have increased significantly. spectacular as sellers’ high expectations collide with cold reality.

Redfin said the national share of homes for sale with price cuts hit a record high in July.

None of the 97 cities included in the analysis had less than 15% of real estate listings that were discounted from their original asking price.

More than half of the cities with the largest share of price cuts — Boise, Denver, Tacoma, Sacramento, Phoenix, San Diego and Portland — were among the 20 fastest-cooling housing markets in the first half of 2022.

Redfin notes that these markets had attracted dozens of eager homebuyers during the pandemic, when tech workers and other white-collar workers shunned more expensive markets and drove up home prices in small towns.

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Salt lakes real estate

New Western increases its affordable housing inventory in the United States by 6,540 in 2022 without building a single house

Inventory growth fueled by 10 new market openings this year, including the latest in washington d.c.; Fixed and reverse properties bought on the New Western market are selling for up to 31% less than new construction

DALLAS, August 25, 2022 /PRNewswire/ — new westernthe nation’s largest private marketplace for fixed and reversible residential investment properties, today announced that the company has made homeownership accessible to more Americans by increasing U.S. housing inventory by 6,540 units to date in 2022. Without building a single home, New Western achieved this increase through its data, advanced knowledge of local markets and business model, which includes securing inventory among the 16 million vacant homes across United States as well as other off-market properties for less than $250,000 on average. As a result, homes purchased on the New Western market and subsequently renovated sell for up to 31% less than new construction.

New Western’s unprecedented growth in 2022 is driven by its rapid expansion into 10 new markets for a total of 50 locations nationwide. This includes his new office at washington d.c.where New Western set out to revitalize almost $1 billion in properties in this region over the next five years. New Western has identified the District of Colombia and its surrounding towns as a strong opportunity for investors due to the local need for a disruptive force in the residential real estate market: The median selling price of a single-family home in washington d.c.in July was $1.153 millionand only 98 homes sold that month, down 19% from July 2021 by Redfin. With 81.8% of homes in the DC metro area alone built before 2002, New Western will help solve the DC area’s affordable housing crisis by putting older and struggling homes back on the market.

“Our rapid growth continues to allow us to improve the quality of opportunities New Western offers, especially as we enter one of the largest metropolitan markets in United States,” said kurt carlton, co-founder and president of New Western. “Home prices in the DC area have increased for 13 consecutive years. We are in a unique position to provide much-needed inventory to this market and look forward to creating more affordable housing. I would like to express my gratitude to all our employees for their hard work and commitment to delivering on this promise.”

New Western’s model increases residential housing inventory in United States at a time when home ownership is increasingly out of reach for many Americans – in part due to low inventory and low costs. Although housing stock rose 8% in May, it was the first monthly increase since June 2019. When compared to May 2020pending home listings fell 48.5%, driving prices up record highs in many cities from Realtor.com.

“New Western offers substantial opportunities for sellers, buyers and investors, as well as a positive impact in many neighborhoods. Their unique market offers value-added homes that would otherwise not be attractive to most residential home buyers. – something that I really appreciate as Chicago native,” said Joan Kaufmann-Stubebroker manager of Circled Squared Real Estate in New Lenox, Illinois. “In addition to the great value that New Western brings to the real estate ecosystem, one of the main reasons I recommend New Western’s marketplace to my investing clients is that their inventory is available on a first come, first served, eliminating bidding wars and increasing investor profitability.”

Born out of the chaos of the 2008 foreclosure crisis, New Western remains strong as a pillar of economic promise, thriving in times of difficulty. On average, New Western buys a property every 13 minutes, has bought and sold approximately $12 billion in residential real estate. Fueled by more than 100,000 active investors and a belief in making real estate investing more accessible, New Western’s fierce momentum has positioned the company to acquire 10,000 properties and nearly $5 billion in transaction volume by the end of 2022. In addition to washington d.c.New western market openings this year include: Birmingham, Alabama.; Chicago; Fort Myers, Florida.; Greenville, South Carolina; Indianapolis; Jacksonville, Florida.; Orlando, Florida.; Pittsburgh; and Salt Lake City.

For more information about New Western, please visit https://www.newwestern.com.

About the new western
New Western is making real estate investing more accessible to more people. Operating in most major cities, our marketplace connects over 100,000 local investors looking to rehab homes with sellers. As the nation’s largest private source of investment properties, we buy a home every 13 minutes. New Western offers new opportunities for everyone: a fresh start for sellers, exclusive inventory for investors, and affordable homes for buyers. For more information, visit www.newwestern.com.

SOURCE New Western

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Salt lakes real estate

Online installment loans are available immediately from PaydayNow and other direct lenders.

Online installment loans are available immediately from PaydayNow and other direct lenders.

A direct loan is one in which the borrower and lender deal with one another directly, without a middleman. Lenders in this category include the government as well as banks and non-bank financial organisations. Both PaydayNow and this author are familiar with the direct lending approach. Only direct installment loans are offered by us.

In other words, describe what a direct loan is.

A direct loan is one that does not include any third party between the lender and the borrower. Many other types of lenders, including the government and various banking and financial institutions, are actively involved in this deal.

Larger intermediate lenders are often relied on when direct lenders and smaller banks simply don’t have the resources to back a loan application. The interest rate on your loan and the overall cost of borrowing will increase if there are more parties engaged in the lending process.

Direct loans are the most popular kind of financial aid for students. This type of lending typically refers to any form of lending that does not include a bank or other traditional intermediary, but mortgages, direct payday loans, and installment loans are all good examples.

The rates of interest on direct loans are generally lower than those on other loan kinds. Since there are fewer parties involved and less paperwork to be completed with a direct loan, you will get your money much faster.

Additional benefits of a direct loan include interest rates that are fixed throughout the loan’s life and repayment plans that factor in the borrower’s income when determining monthly installments.

The federal government provides the most lenient terms for student loans in order to encourage students to complete their study.

Payday Loans: What Are They?

Payday loans from a direct lender are available for those who need them. Loans between $100 and $1000 can be obtained from direct lenders with no middlemen. Persons who play the role of an agent are tasked with facilitating transactions between buyers and sellers. A broker who acts as an intermediary brings together potential buyers and sellers. Brokers find out information about borrowers, negotiate favorable loan terms, and get a cut of the profits as their compensation.

People often turn to payday loans when they need cash immediately. If used properly, payday loans can swiftly offer much-needed funds. A consumer can get stuck in an endless cycle of debt if they aren’t vigilant. Find out as much as you can about the terms and interest rates of a payday loan before applying for one.

You should have a plan for repaying your loan to a lender and look into the interest rates of many different personal loan possibilities to minimize any complications that may emerge from late payments.

Simply put, what are Direct Installment Loans?

A direct lender like Sacramento direct lender, may be able to provide you with an installment loan. What sets this form of loan apart is that it involves taking out a loan for a set amount of money and paying it back with interest over a set period of time.

Monthly payments are spread out over a longer period of time with an installment loan. It’s possible that borrowers can get a better rate and more favorable terms if they go directly to the lender instead of going through a broker.

To answer the question “What Are Direct Mortgage Loans? ” Most frequently, individuals refer to “direct house loans.”

You can either approach a lender directly if you need a mortgage to finance a house purchase, or employ the help of a mortgage broker. The latter facilitates your search for a suitable lender and equips you with all the information you need.

A broker may do the legwork for you in finding the best loan terms and rates, so you can make an educated selection even if you’re short on time. In exchange for their services, mortgage brokers usually request a percentage of the loan amount.

Direct lenders, such as banks or financial organizations, evaluate your application, and if you meet their criteria, they issue you a loan. You can shop around for a suitable direct lender by comparing their rates and terms. Working with a direct lender eliminates the need for a go-between, which can save time and money.

Why does the government grant loans for higher education?

Loans from the federal government can alleviate some of the financial burden of paying for university. Personal loans like these offer lower interest rates and are available to both students and their parents.

The United States Department of Education’s William D. Ford Federal Direct Program is the only government-funded initiative left in the country. Direct private lenders also provide student loans; these loans typically have lower interest rates but no additional features like consolidation or deferment.

The terms and conditions of the loan are established by the educational institution. These are some direct student loan examples:

Subsidized direct loans

Students with significant financial need may apply for and receive direct subsidized loans. Interest costs incurred both throughout your program and for six months after completion will be covered by the U.S. Department of Education (ED).

They won’t have to worry about taking on any debt during their time in school, and they can get right to work paying it off after they graduate and get a job.

Unsubsidized Direct Loans

The Direct Unsubsidized Loan program is for students who have a low to moderate likelihood of needing government assistance. This sort of loan is not backed by the federal government, so interest is always the responsibility of the student.

Unsubsidized loans have lower interest rates and are one of the most cost-effective solutions, but they can have poorer terms than subsidized loans.

Loan Consolidation Direct Loans

In order to simplify your financial situation, you can combine various student loans into one manageable direct consolidation loan. This way, you won’t have to worry about remembering to send in many payments on a monthly basis.

The monthly payment may be reduced by extending the loan’s term, but the total interest paid will be higher.

There are Parent Plus Loans.

Direct PLUS loans from the Federal Government are available to graduate and professional students, as well as the parents of undergraduate dependent students, to aid with the financial burden of higher education.

Unsecured loans do not exempt you from a credit check. Those who have less-than-perfect credit histories have a more difficult time getting loans. You will need a credit history in order to qualify.

To what end can I seek information on a Direct Loan?

If you need money in between paychecks, you can turn to PaydayNow, a direct lender. Get started right away on your online loan application to see if you qualify and get the money as soon as the following business day if approved. You can now get a high-quality loan over the internet.

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Salt lakes real estate

Citigroup Raises Additional Space Storage Price Target (NYSE:EXR) to $229.00

Extra Space Storage (NYSE:EXR – Get Note) had its price target raised by Citigroup research analysts to $229.00 in a research report released Monday to clients and investors, Stock Target Advisor reports. Citigroup’s price target would suggest a potential upside of 9.56% from the company’s current price.

Several other research analysts have also recently commented on EXR. JPMorgan Chase & Co. upgraded Extra Space Storage from a “neutral” rating to an “overweight” rating and lowered its price target for the stock from $224.00 to $193.00 in a report from the Wednesday, June 22. Morgan Stanley cut its price target on Extra Space Storage from $172.00 to $156.00 and set an “underweight” rating on the stock in a Wednesday, May 25 report. UBS Group lowered its price target on Extra Space Storage from $234.00 to $197.00 and placed a “buy” rating on the stock in a Monday July 25 research note. KeyCorp raised its price target on Extra Space Storage from $200.00 to $220.00 and gave the stock an “overweight” rating in a Wednesday, August 17 research note. Finally, Jefferies Financial Group lowered its price target on Extra Space Storage from $228.00 to $184.00 and placed a “hold” rating on the stock in a Thursday, June 30 research note. One analyst rated the stock with a sell rating, three assigned a hold rating and seven assigned the company a buy rating. According to data from MarketBeat, the stock currently has an average rating of “moderate buy” and a consensus target price of $206.09.

Additional storage space down 1.2%

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Shares of EXR were down $2.63 on Monday, hitting $209.02. 572,860 shares of the company were traded, against an average volume of 695,566. Extra Space Storage has a 52-week low of $156.70 and a 52-week high of $228.84. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt ratio of 1.64. The stock has a market capitalization of $27.99 billion, a PE ratio of 31.48, a P/E/G ratio of 2.88 and a beta of 0.50. The company’s fifty-day simple moving average is $180.72 and its 200-day simple moving average is $188.60.

Institutional investors weigh in on additional storage space

A number of large investors have recently changed their positions in EXR. Menard Financial Group LLC increased its stake in Extra Space Storage by 2.2% in the first quarter. Menard Financial Group LLC now owns 2,282 shares of the real estate investment trust worth $469,000 after acquiring 50 additional shares in the last quarter. Coldstream Capital Management Inc. increased its holdings in Extra Space Storage by 6.1% in the first quarter. Coldstream Capital Management Inc. now owns 1,009 shares of the real estate investment trust worth $207,000 after acquiring 58 additional shares in the last quarter. FirstPurpose Wealth LLC increased its holdings in Extra Space Storage by 0.4% in the first quarter. FirstPurpose Wealth LLC now owns 13,746 shares of the real estate investment trust worth $2,826,000 after acquiring 61 additional shares in the last quarter. Redpoint Investment Management Pty Ltd increased its stake in Extra Space Storage by 0.5% in the second quarter. Redpoint Investment Management Pty Ltd now owns 13,967 shares of the real estate investment trust worth $2,376,000 after acquiring 65 additional shares in the last quarter. Finally, First Affirmative Financial Network increased its holdings in Extra Space Storage by 4.5% in the fourth quarter. First Affirmative Financial Network now owns 1,545 shares of the real estate investment trust worth $350,000 after acquiring 66 additional shares in the last quarter. 95.44% of the shares are currently held by hedge funds and other institutional investors.

Extra Space Storage Company Profile

(Get an assessment)

Extra Space Storage Inc, headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and member of the S&P 500. As of September 30, 2020, the Company owned and/or operated 1,906 storage stores self service. in 40 states, Washington, DC and Puerto Rico. The Company’s stores comprise approximately 1.4 million units and approximately 147.5 million square feet of leasable space.

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Analyst recommendations for additional space storage (NYSE: EXR)

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Before you consider storing extra space, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off… and Extra Space Storage was not on the list.

While Extra Space Storage currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the five actions here

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Salt lakes real estate

Talk about climate change must turn into action and justice

Over the summer, a lot of people talked to me about climate change instead of the other way around. They talked about the drying up of the Great Salt Lake, Supreme Court justices deflating the EPA’s regulatory powers, whether climate migration will ruin their real estate investments, their 70-year-old friend who “believes” now and Senator Joe Manchin as climate policy enemy number 1 has become the climate saviour.

All of this means one thing to me: the climate crisis is now public sentiment. Finally, more Americans who were immune to early and worst climate impacts formed what Lauren Berlant calls an “intimate audience” around the climate crisis. People feel something, they are curious, they “feel that issues of survival are at stake” and that listening and telling are ways “to get out of the impasse and the struggle of the present”. They speak.

I have been writing and teaching environmental issues for over 10 years. My grumpy tendency has been to roll my eyes on the phone with these friends and family. “Where have you been?! So many people have been talking about this for so long,” I say to myself. But this exasperated response misses the point: it’s time to listen, to fuel the conversation, to galvanize this intimate audience that feels the stakes of the climate crisis and wants to break the deadlock.

Voting definitely matters. As Manchin and Senator Kyrsten Sinema, his fellow Democratic filibuster, have taught us, party affiliation does not dictate a politician’s votes. When we choose party candidates at the time of the vote, we need to know the priorities of our public servants and whether they will stick to them. With inflation and recession rightly looming in the polls as the top concerns of Americans, the climate crisis is likely to fade from minds in November when 100-degree temperatures, hurricanes and possibly wildfires, will subside.

Many Republicans and some Democrats will sideline climate action in favor of economic stabilization and development. It is a false choice. As economists and entrepreneurs have explained, “decarbonizing” the economy – that is, transitioning to renewable energy and reducing greenhouse gas emissions in other ways – generates jobs and drives innovation while reducing long-term disaster damage to the economy. We need to elect those who see the synergies. For example, the Cut Inflation Act of 2022, signed by President Joe Biden, creates jobs and reduces pollution that harms health and therefore the economy. He has real issues such as the opening of oil and gas leases in the Gulf and the Arctic where the climate impacts are already devastating, but it shows that we and our representatives can vote with our money and our lives in mind. climate action.

All of the climate talk this summer should also translate into action beyond voting. No action is a silver bullet and no action is right for all lives, but there is a menu to choose from. Some will start community conversations that identify local impacts and design community-led adaptation and mitigation measures that benefit everyone. Some will march past state capitals as lawmakers debate bills that promote the fossil fuel industry and punish those that don’t. Some will turn to nonviolent civil disobedience, inspired by the recent pipeline blockages of indigenous land and water protectors and the history of black activists forcing change through sit-ins. Some will take advice from climate writer and podcaster Mary Annaïse Heglar to “do what you’re good at and do your best” for the planet.

All of this rhetoric needs to be turned into action, whether at the ballot box or in the pipeline. But, anyway, he must lean towards justice. It must undo the economic, political and social forces that put frontline populations, primarily the elderly, people with disabilities and black and brown residents, at greatest risk of climate impacts and create alternatives that regenerate communities and ecosystems.

As the shock of the climate crisis hits more people, more of us should come together with neighbors and other affinity groups to learn more and imagine better. Let’s stand up to NIMBYism and advocate for local and global climate justice.

Houser is a professor of English at the University of Texas and writes on environment and culture.

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Salt lakes real estate

Arctos Takes Stake in Jazz, Real Salt Lake

Tonight in Unpacking: Arctos Sports Partners makes its latest team investment, securing a deal with Ryan Smith for a piece of Jazz and Real Salt Lake. SBJ’s Eric Prisbell reviews the partnership, which could include bringing another pro team to Utah.

Other titles:

  • NHL sponsors score points with fans in latest Sponsor Breakthrough study
  • New Big Ten media deals far outperform other Power Five conferences
  • What’s next for ESPN under the Disney umbrella?
  • SBJ Spotlight: USL’s Papadakis Talks Site Development and Media Rights
  • Chargers QB Justin Herbert Becomes AboutGOLF Brand Ambassador
  • Braves-Mets series boost Bally Sports South RSN ratings
  • US Open demand continues to climb on StubHub’s secondary market
  • 49ers and Grupo Formula sign radio agreement in 22 Mexican markets
  • FanDuel Sportsbook rolls out the first of seven spots
  • ‘Monday Night Raw’ viewership up since Paul Levesque promotion

On today’s Morning Buzzcast, SBJ’s Abe Madkour watches: The Big Ten’s big day; the victory of Kevin Warren; surprising streaming numbers in July; the Haslams seeking to move forward; and MLB hitting Williamsport.

Smith Entertainment Group (SEG) announced a partnership with a private investment platform Arctos Sports Partners which includes Arctos’ minority investment in multiple SEG properties, reports SBJ Eric Prisbell.

They include the Jazzwaiting NBA Board of Governors approval; Real salt lake; and vivid arena. The scale of the investment was not disclosed.

The partnership between Arctos and the owner company Jazz Ryan Smith helms aims to bring a third professional franchise to the state. Sources declined to speculate on the potential sport. But the NWSL is recruiting two new groups of owners, and the demand from potential bidders will far exceed the supply of teams.


Almost all officials NHL sponsor followed during the 16th edition of the league Sponsor Breakthrough study, commissioning for the 2021-22 season for SBJ by MarketCastsaw a year-over-year improvement in the percentage of fans who were aware of this formal relationship, notes SBJ David Broughton.

The biggest beneficiaries of increased fan awareness have been Verizon and Geicowhich each saw those levels jump 10 percentage points from the comparable survey conducted over the same period in 2021. For its part, Verizon tripled its advertising spend on NHL TV broadcasts last season ( to $4.5 million), compared to the 2020-21 season, and aired about 500 ads (a fivefold increase), according to SBJ’s analysis of iSpot.tv The data.

Geico became the league’s top TV announcer last season ($6.3 million), leapfrogging former spenders Honda and Lexus.

Discover, a league sponsor since 2010, saw an improvement of nine percentage points en route to its highest level of recognition ever (28%). The payments company launched three of the season’s seven most viewed TV commercials, each with a song from at least a generation ago: a spot about fraud protection featured background music by Shaggy (“It was not me”); refund offers with Mister Mix-a-Lot (“baby came back”); and use-the-card-anywhere with Hootie and the puffer fish (“just wanna be with you”). The spots recorded a total of 346 million impressions.

bud lightthe league’s official beer since 1994, experienced its fourth consecutive year of improved awareness, reaching a record level of brand recognition at 31%.


Even without ESPNthe Big TenThe new set of partners will provide powerful college football programming on Saturdays this fall. The FoxSCSNBC triumvirate will provide the Big Ten with a NFL-like a range of games on live TV.

“The goal was to own every one of those windows,” Commissioner Big Ten said. Kevin Warren, which used the NFL as a template for its conference’s own rights negotiations. “To capture the hearts and minds and the greed of the fans, I think you have to make it really simple for your fans. So I always had this visual, especially coming out of the NFL, that we would have partners in each of those windows. And then we would have special events, like two games on Black Friday.

Each of the three networks will have a Big Ten football championship game – Fox will have four, CBS two and NBC one. FS1 and Big Ten Network will also broadcast a heavy dose of college football on its airwaves.

NBC’s longstanding relationship with our Lady could also create more confrontations between the Fighting Irish and Big Ten schools, such as Michiganwhich has disappeared from Notre Dame’s schedule in recent years.

Check Michael Smiththe full story which will be in the monday SBJ magazine, as well as a breakdown of new media rights deals.

Activist Investor Dan Loebthe suggestion that disney spin off ESPN has been met with a lot of skepticism because ESPN’s linear broadcast business is a major cash flow driver that supports other parts of Disney’s operations, writes SBJ. Chris Smith.

Disney pushed back in a letter of its own, defending its ‘strong financial results’ and CEO leadership Bob Chapeck. And in fact, Chapek had already reiterated to investors the previous week that sports betting remains a top and urgent priority for ESPN, regardless of a potential association with family-friendly Disney.

Check out Smith’s upcoming column in Monday’s SBJ, which also examines a slowing rate of subscriber growth for ESPN+ and what does the future look like for NBA on ESPN airwaves.


The united football league created its own spin on stadium development, doing much of the groundwork, often before identifying a potential ownership group. COO and Head of Real Estate justin Papadakis said stadium projects require so much consensus and building from local stakeholders that USL decided to take a different approach.

“We go to the markets…and really find the right stadium site, work with the stakeholders, put together the pitch and all the rights, and a whole bunch of professional services that come with creating a stadium,” Papadakis said. .

He described the entire process in an SBJ Spotlight interview with a football writer Alex Silverman.

Papadakis also spoke of local successes, including teams of New Mexico and Detroit, and the possibility of a larger media rights deal for the league. Regarding media rights, Papadakis said: “On the digital side and on the OTT side, we have this tonnage, with over a thousand matches, but more importantly, what we bring is 35 ongoing markets. over 80.”

For the video interview, go to SBJ – or check out the podcast version here.


Papadakis talked about local successes, including teams in New Mexico and Detroit

In this week SBJ Esports newsletter, the team discusses:

  • honor of kings, Valorant are bright spots for Tencent as Chinathe economy is cooling
  • 3v3 trophy, hawks Talon Gaming Craft NBA 2K League playoff debut
  • Esports teams worried about financial climate

In this week SBJ Soccer newsletter, Ben Fischer looks at:

  • Jay Marine lists Amazon Prime Video user experience, awareness among the keys’TNF‘ Goals
  • Marine: Success will be in the long term, not on the first hearings
  • ‘TNF’ will live on demand until next summer
  • Amazon promises seamless flow change
  • International NFL the team’s media rights sales are off to a slow start
  • NFL+the league’s new mobile streaming service, could be a hit with young superfans


  • Chargers QC Justin Herbertafter trying a about GOLF simulator at home, has become a brand ambassador for the company, notes SportTechie’s tom friend. Specializing in virtual competitions, aboutGOLF simulators recreate up to 50 golf venues, including the Old course at St. andrew and pebble beach.
  • Bally Sports South is up 11% in local audiences Atlanta market after a strong braveDishes series this week, note SBJ Austin Karpe. RSN averaged a 4.2 rating for the entire four games, which is their best Braves streak this season so far. The highest number in the Mets-Braves series was a 4.9 mark on Tuesday.
  • U.S. Open demand continues to rise StubHubsecondary market, SBJ rating Bret McCormick. Average daily sales have more than doubled and the number of tickets sold per day has more than tripled since August 9, when Serena Williams announced that this Open would probably be his last, with a jump of nearly 40% in overall sales.
  • The 49ers secured Group formula as a radio partner in 22 cities in Mexico under their new international marketing rights, promising full radio coverage of every 49ers game and exclusive original content, reports SBJ’s Ben Fischer.
  • Primordial renewed his WE media rights on UEFA Champions League matches a “deal valued at more than $1.5 billion over six years, more than double the size of his previous deal,” reports Bloomberg.
  • FanDuel sport bets is rolling out the first of seven spots in a new advertising campaign that will run throughout the football season, playfully comparing everyday life choices to those sports fans make when placing bets, reports SBJ’s Bill King. The campaign was created in collaboration with the agency Wieden + Kennedy.
  • Monday night raw“gathers an average of 2.02 million viewers across the four shows since Paul Levesque took the creative reins at WWEa figure up 11% from the same four-show period last summer on UNITED STATES NetworkSBJ rating Karp.


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Salt lakes real estate

Buying a home in the United States as a non-resident

You do not need to be a US citizen to buy a home in the United States. You don’t even have to be a US resident. Anyone who wishes can buy a property here.

Between April 2021 and March 2022, the value of residential properties in the United States that were sold to foreign buyers totaled $59 billion, according to the International Transactions in US Residential Real Estate report by the National Association of Realtors (NAR). . The vast majority of non-resident buyers come from Canada and Mexico, followed by China. They largely buy detached single-family homes in Florida and California.

While almost half (44%) of foreign buyers rely entirely on cash to make these purchases, it is also possible for non-residents to obtain a mortgage in the United States to help finance new homes. . It’s not all smooth sailing, however. Non-citizen homebuyers will face slightly more complicated mortgage application requirements establishing their financial qualifications. They will also have to comply with more complex tax laws as owners.

What type of property can a non-resident buy?

Any non-U.S. citizen, including permanent residents, temporary residents, nonresidents, refugees, asylum seekers, and Deferred Childhood Arrivals (DACA) recipients, can purchase property in this country. There are no legal restrictions prohibiting the purchase of real estate by persons belonging to any of these categories.

“Buying residential property in the United States is open to anyone, regardless of nationality,” says Jen Horner, realtor at RE/MAX Masters in Salt Lake City, Utah.

There are also no limits on the type of property that can be purchased. A non-US citizen can buy a single family home, condo, townhouse, duplex or apartment building – or even land without any structure.

“There are no restrictions in the United States on purchasing property as a foreign national. This applies to resident foreign nationals who may wish to purchase property for primary residence depending on where they reside. current situation in the United States, or to non-resident foreign investors who are looking to purchase property for other reasons, such as investment use or a vacation home,” says Chase Michels, of the Michels Group at Compass at Hinddale, Illinois.

According to the NAR, between spring 2021 and spring 2022, 74% of foreign buyers purchased a single-family home or townhouse. Additionally, 44% of overseas buyers purchased a property to use as a vacation home, rental, or both.

What documents does a non-resident need to buy a house?

Although they can buy freely, non-US citizen buyers are generally required to provide additional documentation to complete the purchase of a home in the United States, compared to US citizens.

The exact requirements vary, however, depending on whether the home is purchased with cash or a mortgage, and depending on the buyer’s specific residency status. Some of the basic requirements for non-US citizen buyers, Michels says, often include:

  • A foreign passport, U.S. visa, or driver’s license
  • Social security number or individual tax identification number (ITIN)
  • Financial statements of applicant’s foreign bank, if applicable
  • Proof of financial assets/income (bank statements, etc.)
  • Tax returns (preferably US, if applicable)

“Cash purchases will require proof of identity and reporting of the purchase to the federal government,” says Horner. “If a mortgage lender is used, they have the option of requesting as many documents as they deem necessary to move forward [the] mortgage loan application.

Which begs the question: Can non-US citizens get mortgages to finance the purchase of a home in the United States? The short answer is yes. But it’s complicated.

How can a non-resident finance housing?

In general, mortgage lenders prefer to work with applicants currently living in the United States and classified as permanent or non-permanent residents. (People who have a green card and social security number are permanent residents, while those who have a social security number but no green card are non-permanent residents.) Their rationale is simple. : Applicants residing in this country are considered less risky, especially in case of default on the loan.

Their residency status impacts the specific type of mortgage loan that can be used. There are two main categories of loans for non-citizen purchases, says Michael Cantwell, loan officer for Guild Mortgage. “One major classification is that of a foreign national and the other would be people currently living in the United States who have not yet received US citizenship,” Cantwell explains.

Applicants who fall into either of these categories are generally eligible for a conventional mortgage backed by Fannie Mae and Freddie Mac, as well as government-backed loans from the Federal Housing Administration (FHA). However, non-permanent residents will need to use the home as their primary residence in order to get mortgage approval.

“Many banks and building societies offer conventional and FHA home loans to non-US citizens on the condition that they can verify their residency status, employment history, and financial history,” says Michels.

And for non-residents? Applicants living abroad can buy properties in that country using what’s called a foreign national loan or a foreign national mortgage, Cantwell explains. These loans are typically offered by US-based banks and lenders and are designed for borrowers living outside the country who are looking to purchase or refinance. Foreign national mortgages are not guaranteed by Fannie Mae or Freddie Mac.

Additional rules and restrictions for non-residents

The tax rules also apply to properties owned by non-US citizens. For example, if a non-US citizen is renting the purchased property to generate income, then that income must be declared and taxes must be paid both in the United States and in the owner’s home country, explains Bruce Ailion, a real estate lawyer. and realtor with Re/Max Town & Country in Atlanta. Additionally, non-US citizens are required to pay local property taxes.

And when selling property in the United States as a non-US citizen, capital gains tax will generally also apply.

“When selling property in the United States, there are special withholding provisions that must be observed,” says Ailion. “A tax advisor with specific knowledge of international taxation should be consulted.”

On the positive side, all of the protections of the Fair Housing Act, Title VII, and other anti-discrimination protections apply to real estate transactions involving non-US citizens. These laws are in effect regardless of who the buyer is, Michels says.

Final word on home purchases by non-residents

It is entirely possible to buy a home as a non-US citizen, whether you are a foreign national, permanent or temporary resident. There are no limitations on the type of property that can be purchased or how the property is used. Additionally, US laws that protect the rights of all homebuyers also cover non-US citizens and non-residents.

What is really more important, in terms of complications, is not a person’s citizenship, but where they live. If you don’t live in the United States, buying a home becomes more difficult, especially if financing is required for the purchase.

Non-residents should be prepared to deal with additional complexities, including more extensive documentation requirements establishing their identity, income and assets. They are limited to certain types of loans or mortgages, those that are not guaranteed by major mortgage market makers. But the path to homeownership in the United States is certainly not blocked – there may just be a few speed bumps.

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Salt lakes real estate

Colorado River cuts expected for Arizona, Nevada and Mexico

SALT LAKE CITY (AP) — The federal government is expected to announce water cuts in states that rely on the Colorado River on Tuesday as drought and climate change let less water flow into the river and deplete the reservoirs that store it. .

The Colorado River provides water to 40 million people in seven western US states as well as Mexico and helps fuel an agricultural industry valued at $15 billion a year. Towns and farms across the region are eagerly awaiting official hydrological projections — estimates of future water levels in the river — that will determine the extent and scope of cuts to their water supply.

Water officials in Arizona, California, Colorado, Nevada, New Mexico, Utah and Wyoming expect federal authorities to project Lake Mead – located at the Nevada-Arizona border and the largest man-made reservoir in the United States – reaching dangerously low levels that could disrupt water supplies and hydroelectric generation and reduce the amount of water allocated to Arizona and in Nevada, as well as in Mexico.

And that’s not all: State officials are also working to meet a deadline imposed by the United States Bureau of Reclamation to reduce their water consumption by at least 15% in order to prevent levels of water in the river’s storage tanks to drop even further.

Together, the cuts projections and deadline present western states with unprecedented challenges and confront them with tough decisions about how to plan for a drier future.

While the Bureau of Reclamation is “very focused on getting through this until next year,” any reductions will likely have to be in place for much longer, said Kevin Wheeler, a hydrologist at the University of Reclamation. Oxford.

“What the science is providing is that it’s pretty clear that these reductions just have to stay in place until the drought is over or we realize they actually have to get worse and the reductions have to continue. ‘deepen,’ he said.

The reductions expected to be announced on Tuesday are based on a plan that the seven states plus Mexico signed in 2019 to help maintain reservoir levels. Under this plan, the amount of water allocated to the states depends on the water levels at Lake Mead. Last year, the lake sank low enough for the federal government to declare a first-ever water shortage in the region, triggering mandatory cuts for Arizona and Nevada as well as Mexico in 2022.

Officials expect hydrologists to project the lake to collapse further, triggering additional cuts in Nevada, Arizona and Mexico next year. States with higher priority water rights should not suffer reductions.

Reservoir levels have been falling for years – and faster than experts had predicted – due to 22 years of drought exacerbated by climate change and overuse of the river. Scorching temperatures and less melting snow in the spring have reduced the amount of water flowing from the Rocky Mountains, where the river rises before meandering 1,450 miles (2,334 kilometers) southwest and into the Gulf of California.

Already, extraordinary steps have been taken this year to keep water in Lake Powell, the Colorado River’s other major reservoir, which sits upstream from Lake Mead and straddles the Arizona-Utah border. Water from the lake passes through the Glen Canyon Dam, which generates enough electricity to power between 1 million and 1.5 million homes each year.

After Lake Powell water levels fell low enough to threaten hydroelectric generation, federal officials said they would withhold an additional 480,000 acre-feet (more than 156 billion gallons or 592 million cubic meters) of water to ensure the dam can still generate power. . This water would normally flow to Lake Mead.

As part of Tuesday’s cuts, Arizona is expected to lose slightly more water than it did this year, when 18% of its supply was cut off. In 2023, it will lose another 3%, an overall reduction of 21% compared to its initial allocation. Central Arizona farmers will largely shoulder the cuts, as they have this year.

Mexico is expected to lose 7% of the 1.5 million acre-feet it receives annually from the river. Last year it lost about 5%. Water is a lifeline for northern desert towns, including Tijuana and a major agricultural industry in the Mexicali Valley, just south of the border with California’s Imperial Valley.

Nevada is also on the verge of losing water – about 8% of its supply – but most residents won’t feel the effects because the state recycles the majority of its water used indoors and n does not use all of its allocation. Last year, the state lost 7%.

__

Naishadham reported from Washington. The Associated Press receives support from the Walton Family Foundation for coverage of water and environmental policy. The AP is solely responsible for all content. For all of AP’s environmental coverage, visit https://apnews.com/hub/climate-and-environment

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Salt lakes real estate

BYU Athletes Have A New NIL Club And Not All Cougar Fans Are Happy About It

Provo NIL Club was launched on Wednesday, with the support of several BYU football players.

(Francisco Kjolseth | The Salt Lake Tribune) Former Utah center Isaac Asiata, left, sits next to BYU running back Lopini Katoa as they compete in a video game challenge at Orem on May 21, 2022 , for Name, Image and Likeness Collective (NIL), Coug Connect. A new NIL venture for BYU fans launched this week to mixed reactions.

A new venture will give BYU football players a chance to make money with their name, image and likeness – but not everyone in Provo is happy about it.

The Provo NIL Club, which was announced on Wednesday, was created by a company called YOKE, a fast-growing company specializing in building websites and digital communities. Subscribers have access to digital encounters and other player-created content.

Replacement quarterback Jacob Conover and linebacker Max Tooley have so far been the most vocal supporters of YOKE, which promises to fairly compensate all athletes who participate.

“Many players from our team came together to launch the Provo NIL Club,” Conover said in a video. “It’s an online community that allows all of our fans to financially support the team and interact with these players.”

But the arrival of YOKE in Provo was met with some setback, especially from another third-party collective.

“Imitation is the purest form of flattery, I suppose?” Jake Brandon, the founder of CougConnect, the first NIL collective for BYU donors, tweeted. “A little shocked honestly.”

So far, the new initiative has raised less than $1,000 from donors, according to the Provo NIL Club website. Yet her mere presence quickly exposed a divide within the NIL space for BYU donors.

Brandon wonders if YOKE has the best interests of the players at heart or if the company follows NCAA rules.

“I am skeptical whether there has been a lot of money pledged for [players] and whether YOKE followed the proper procedures [with BYU’s compliance office]“Brandon told the Salt Lake Tribune. “It’s just a bit rushed. But maybe they will be great.

YOKE is currently in a land grab phase, quickly building as many NIL clubs as possible. That’s up to 20 schools starting this week.

YOKE is essentially like Instagram or YouTube for NIL. It sets up the platform for players to profit from and takes a percentage of those profits every time someone uses the platform. The platform fee is currently 18%.

Due to these high fees, players will see a lower percentage of the money they bring in.

It is a fast moving company in the NIL space, trying to occupy as much real estate as possible.

“Well, it’s a tech company with big money,” said NIL attorney Ben Chase. “They are just an out-of-the-box digital solution for NIL Collectives.”

The biggest question Brandon asks is whether YOKE complies with NCAA rules.

Mick Assaf, the co-founder of YOKE, said the platform fee was a temporary measure. Eventually, YOKE would like players to see a larger percentage of the money. Platform fees started at 25% and have now dropped to 18% as the business grows.

Regarding the issue of compliance, Assaf argued that YOKE is not a NIL collective and does not have to follow the same channels. He did not say whether YOKE had contacted BYU.

“We are a creator platform,” Assaf said. “Our technology allows creators [in this case, players] to monetize. Every collective we’ve worked with, we’ve worked with the compliance office in one way or another. Different schools have different compliance implications, but we’ve never had a problem.

BYU said it wants to have more conversations with YOKE to review the player terms of service, making sure they meet NCAA standards. Several experts said YOKE’s terms of service allow it to retain rights to athlete content in “perpetuity” without fair compensation.

“My understanding is that YOKE offered a whole variety of athletes around $20 in exchange for some kind of endorsement,” University of Florida sports law professor Darrent Heitner told The Gazette in Iowa. “The big thing that struck me when I saw this post on YOKE was the extensive rights that the athletes provided. And not only the extent of those rights, but that they were perpetual and irrevocable royalty free. For an athlete, not being able to revoke this right at any time for the rest of their life or career, is a concern, especially if the compensation is around $20.

BYU is investigating the model used by YOKE in the coming days.

“I plan to have conversations with our friends there at YOKE in the next few days,” said Gary Veron, an associate athletic director who works on NIL issues at BYU.

Veron also mentioned that he wasn’t sure yet if he saw any major red flags with YOKE.

“I’m not knowledgeable enough to really definitively answer that question right now,” Veron said.

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Salt lakes real estate

Utah investor pays $283 million for Anaheim apartments

A 768-unit apartment complex in Anaheim traded hands for a record $283.5 million, in the largest real estate sale of a single property reported in Orange County since the pandemic began.

Records indicate a Utah subsidiary based Bridge Investment Group Holdings Inc. (NYSE: BRDG) paid nearly $369,000 per unit for the Madison Park apartments, a 615,500 square foot rental complex at the intersection of Broadway and Brookhurst Street, near the Disneyland Park Region.

The price is more than double the amount paid during its previous sale in 2015.

The deal is a multi-family record for Orange County in more than a decade in terms of total price; the previous best sale was with the sale of $205.5 million of the 400 units Bryant at Yorba Linda complex at the start of the year.

Madison Park was about 97% occupied when it was sold last month, according to data from the real estate market tracker CoStar Group.

hot market

The low-rise, garden-style resort was built in 1970 on nearly 18 acres of land at 2235 W. Broadway, about a 10-minute drive from Disneyland.

It is the largest apartment complex in the city of Anaheim by number of units.

Units in the three-story buildings range in size from 390-square-foot studios to two-bedroom units covering approximately 1,000 square feet. Average asking rents range from $1,791 to $2,660. Facilities include a fitness center, swimming pool, theater, and other common areas.

The average rent for a two-bedroom apartment in the city jumped 21% in the past month to $2,665, according to Market Tracker Zumper.com.

Demand for the multi-family sector has increased during the pandemic, as tenants redesigned their living spaces during the shutdown and investors flocked to the lucrative type of property. This trend has been exacerbated in California, as the state continues to deal with a supply-demand imbalance that has helped send prices to record highs.

Recording offers

Last month, the selling price of Madison Park apartments marks a 132% premium to the reported $122 million that a venture between the San Diego-based company MG properties and Boston-based investment advisor Intercontinental Real Estate Company paid for the resort in 2015.

MG Properties’ sale of the Anaheim complex follows a notable acquisition in May, when it paid $130 million for the newly constructed building the heralda 215-unit apartment project in Placentia.

Based in Newport Beach Living in Lyon sold the property for $605,000 per unit, leading this year on unit price among multifamily projects in Orange County running at least 100 units.

Only two apartment complexes have sold more than $200 million in Orange County over the past decade, according to CoStar Group records, Madison Park and the Bryant at Yorba Linda complex.

The recent sale also tops all local real estate transactions during the pandemic, records show.

Local wallet

Based in Salt Lake City Bridge property managementthe apartment property management subsidiary of Bridge Investment Group, now has more than 1,800 apartments across four properties in its Orange County portfolio.

She took out a loan of nearly $204 million with Berkadia Commercial Mortgage Loan to fund the Anaheim Purchase, records show.

It’s the second local acquisition in the past year for the private investor, which paid $68.9 million for a 168-unit apartment complex in Fullerton in late 2021.

Fullerton Hillslocated on over 10 acres in the Sunny Hills neighborhood approximately 5 miles from California State University, Fullerton, was built in 1973 and sold for around $410,000 a unit. It was 98% occupied at the time of the sale.

Bridge Property also owns the 402 units Crystal clear view apartments in Garden Grove, which she acquired in 2019; and the 500 units Warwick Square complex in Santa Ana, the company’s first local asset, according to the records.

The company has properties in more than 20 states across the country.

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Salt lakes real estate

Advisor Group Holdings Inc. buys 9,309 shares of Extra Space Storage Inc. (NYSE:EXR)


Advisor Group Holdings Inc. increased its stake in Extra Space Storage Inc. (NYSE:EXR – Get Rating) by 36.0% in the first quarter, according to the company in its latest 13F filing with the Securities and Exchange Commission. The fund held 35,147 shares of the real estate investment trust after acquiring an additional 9,309 shares during the period. Advisor Group Holdings Inc.’s holdings in Extra Space Storage were worth $7,240,000 when it last filed with the SEC.

A number of other hedge funds and other institutional investors have also recently changed their stock holdings. BlackRock Inc. increased its stake in shares of Extra Space Storage by 0.8% in the 4th quarter. BlackRock Inc. now owns 15,153,217 shares of the real estate investment trust worth $3,435,689,000 after acquiring an additional 122,140 shares in the last quarter. State Street Corp increased its position in Extra Space Storage by 6.8% in the fourth quarter. State Street Corp now owns 8,506,244 shares of the real estate investment trust valued at $1,928,621,000 after buying an additional 541,283 shares in the last quarter. Principal Financial Group Inc. increased its position in Extra Space Storage by 2.6% during the 4th quarter. Principal Financial Group Inc. now owns 4,647,305 shares of the real estate investment trust worth $1,050,072,000 after purchasing an additional 119,144 shares in the last quarter. Geode Capital Management LLC increased its position in Extra Space Storage by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 3,004,095 shares of the real estate investment trust worth $679,643,000 after purchasing an additional 82,323 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in Extra Space Storage by 5.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,956,399 shares of the real estate investment trust worth $670,306,000 after purchasing an additional 147,659 shares in the last quarter. Institutional investors hold 95.44% of the company’s shares.

Additional space storage Inventory performance

Extra Space Storage stock opened at $197.22 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.41 and a debt ratio of 1.64. The company has a market capitalization of $26.48 billion, a P/E ratio of 29.70, a PEG ratio of 2.82 and a beta of 0.50. The stock’s 50-day moving average is $173.96 and its 200-day moving average is $187.86. Extra Space Storage Inc. has a 12-month low of $156.70 and a 12-month high of $228.84.

Extra Space Storage (NYSE:EXR – Get Rating) last released its quarterly results on Tuesday, May 3. The real estate investment trust reported earnings per share of $1.51 for the quarter, missing the consensus estimate of $1.86 per ($0.35). The company posted revenue of $379.81 million in the quarter, compared to $368.88 million expected by analysts. Extra Space Storage had a return on equity of 24.31% and a net margin of 51.63%. The company’s quarterly revenue increased 25.1% year over year. In the same quarter of the previous year, the company achieved EPS of $1.50. On average, stock research analysts expect Extra Space Storage Inc. to post earnings per share of 8.4 for the current fiscal year.

Additional Space Storage Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 30. Shareholders of record on Wednesday, June 15 received a dividend of $1.50 per share. The ex-dividend date was Tuesday, June 14. This represents an annualized dividend of $6.00 and a yield of 3.04%. Extra Space Storage’s dividend payout ratio is 90.36%.

Wall Street analysts predict growth

EXR has been the subject of a number of recent analyst reports. StockNews.com upgraded Extra Space Storage from a “hold” rating to a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. upgraded Extra Space Storage from a “neutral” rating to an “overweight” rating and lowered its price target for the company from $224.00 to $193.00 in a Wednesday research report June 22. KeyCorp reduced its target price on Extra Space Storage from $224.00 to $200.00 and set an “overweight” rating for the company in a Thursday, June 16 research report. Jefferies Financial Group reduced its target price on Extra Space Storage from $228.00 to $184.00 and set a “holding” rating for the company in a Thursday, June 30 research report. Finally, Truist Financial reduced its target price on Extra Space Storage from $225.00 to $200.00 and set a “buy” rating for the company in a Wednesday, June 1 research report. One investment analyst has assigned the stock a sell rating, three have issued a hold rating and eight have assigned the company a buy rating. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $199.30.

Additional space storage profile

(Get a rating)

Extra Space Storage Inc, headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and member of the S&P 500. As of September 30, 2020, the Company owned and/or operated 1,906 storage stores self service. in 40 states, Washington, DC and Puerto Rico. The Company’s stores comprise approximately 1.4 million units and approximately 147.5 million square feet of leasable space.

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Institutional Ownership by Quarter for Additional Space Storage (NYSE: EXR)



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Salt lakes real estate

A real estate agent’s 8 tips for first-time buyers navigating a hot market

Photography by DP Productions/Getty Images

Cassidy Iwersen always dreamed of becoming a real estate agent. “I just felt like maybe New York wasn’t the place to start that kind of career,” she says. So when the longtime creative director and interior stylist moved to the Dallas-Fort Worth area in 2021 (one of the top destinations for people moving during the pandemic), she decided to take the plunge. , obtain its license and join Compass as a seller. agent. “I was gaga about what you could get for $500,000,” she recalled. Having lived in New York and San Francisco before that, he was a good kind of shock sticker.

While Iwersen works extensively with sellers, listing and staging their spaces, she has a soft spot for first-time buyers trying to navigate a booming market. “I feel like their big sister,” she says. “I want to help them, because it’s scary and overwhelming and there’s a lot [to do] in a short time. Her experience working in a highly visual and creative industry for so long comes in handy when it comes to helping nervous buyers see the potential. “Combining that with my knowledge of real estate, we’re able to make decisions that will save them money or make them money,” says Iwersen. Whether you’re cruising through booming Denver or planning to put down roots in bustling Salt Lake City, we asked Iwersen for his advice on getting through it all stress-free.

Consider living with—wait for it—a bathroom

Green bathtub in a brightly lit bathroom.

Photograph by Brittany Ambridge

We know what you’re thinking: a deal breaker. But let Iwersen help you see the potential. “A lot of older homes still only have one bathroom, which can deter a lot of buyers,” she notes. “But if you can live with that for a minute while you add a second, you’ve instantly increased the value and marketability the next time around.” Still, the thing to ask yourself before committing to a total renovation is: will the other homes in my neighborhood retain (or increase) in value over time? “It doesn’t matter how much you invest in a house if the neighboring houses aren’t as nice or worth as much,” Iwersen points out.

Speed ​​up your timeline from the start

Start looking at the market and getting to know the different neighborhoods so you can see what’s available in your price range and how long things come and go, that way you’ll be able to spot a bargain when you see it. “It will help you act quickly when you’re ready to make an offer,” says Iwersen. In very hot markets, there isn’t much time to research or ask about neighborhood, school district, or commute times after seeing an ad.

Be friendly with a trusted lender

In many of these booming markets where homes sell in about 20 days, it is often necessary for you to send a pre-qualification letter (a document that signifies that a lender has reviewed your financial information and confirms that you will be eligible for a loan) with your offer. “Now is not the time to start thinking about your mortgage. Vendors want to see that you’re ready to go and that everything is lined up and in order,” says Iwersen. Meeting with a local lender early on will help you determine your buying power, resolve any credit issues you may not be aware of, calculate your monthly mortgage payments, and get an idea of ​​how the process works. .

Look at ads that have been around for at least a week

Excellent listings ready to move into quick, so you’ll need to be imaginative and open to houses that might need painting or new lighting. “If you can look past the dated wallpaper or decor, you can potentially avoid a multiple-offer situation and even have some bargaining power,” Iwersen says. “I’m finally hearing about sellers giving buyers concessions or credits to help them lower their mortgage rate on properties that have been on the market for a while.”

Look for timeless architectural details

The details that make a house worth buying come down to the quality of the materials: hardwood floors, walls with trim or moldings, brick or plaster walls. “Like well-cut jeans or a leather jacket, these elements stand the test of time while gaining character and charm,” explains the pro.

Win an auction by making life easier for the seller

Your purchase price isn’t the only thing that can stand out in a bidding war. Forgoing contingencies and valuation, having the shortest possible option period, and offering to pay the seller’s title insurance (or investigation or closing costs) will put you in head of the group. “Sometimes it’s not just ‘the highest and the best,'” Iwersen says. “Maybe the seller needs a lease (time spent in the house after closing while he searches for his next home or extra time to pack or finish the school term), and if you can give him that extend, it could really be beneficial. ”

Offer money through a third party

There are a number of newer programs that have expanded this year in response to the increase in cash-only offers. Companies like Ribbon and UpEquity can work with (or act as one) your mortgage lender and present your cash offer. “They’re actually buying the house for you, and then you have some time to get financing and buy it back from them,” she says, noting that they’ll charge you a percentage of the purchase price to do so, but it might just be worth it.

Renovate intentionally

Part of the sense of belonging puts your stamp on your space. Luckily, if you’ve spent most of your savings on a down payment, less really is more. “By adding a few intentional updates, it distracts from a countertop or backsplash that might not have been your first choice,” she says. Here are some simple changes that Iwersen often recommends:

In the kitchen

  • Paint or stain existing cabinets
  • Change ceiling fans or light fixtures
  • Add a fresh sink and faucet
  • Put down carpets
  • Buy new appliances
  • Swap cabinet hardware
  • Hang the window treatments

In the bathroom

  • Change the vanity (some start at just a few hundred dollars!)
  • Hang a mirror above the sink
  • Wallpaper over dated tiling
  • Opt for white or matte black plumbing fixtures

And when in doubt, paint the walls white. “And the ceiling! says Iwersen.

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Salt lakes real estate

Additional space storage: Q2 results overview


SALT LAKE CITY (AP) _ Extra Space Storage Inc. (EXR) reported a key measure of its second-quarter profitability on Tuesday. The results exceeded Wall Street expectations.

The Salt Lake City-based real estate investment trust said it had operating funds of $305.1 million, or $2.13 per share, during the period.

The average estimate of eight analysts polled by Zacks Investment Research was for funds from operations of $2.04 per share.

Funds from operations is a closely watched metric in the REIT industry. It takes net income and adds items such as depreciation and amortization.


The company said it had net income of $232.1 million, or $1.73 per share.

The self-storage real estate investment trust posted revenue of $475 million in the period, also beating Street’s forecast. Three analysts polled by Zacks expected $463.5 million.

Extra Space Storage expects operating funds for the full year in the range of $8.30 to $8.50 per share.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EXR at https://www.zacks.com/ap/EXR

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Salt lakes real estate

Decision time for Boston office owners

Boston’s Class B office market is feeling the brunt of declining leases in the era of the hybrid work model, with vacancies topping 22%. Photo courtesy of BPDA

With more than 3.8 million square feet of available space as remote and hybrid working take hold, Boston’s Class B office market looks like potentially fertile ground for conversion into thousands of new homes.

But will the developers take the plunge? City officials will take a closer look at multifamily conversions to address the dual specters of a declining central business district and housing affordability crisis. The Boston Planning & Development Agency will commission a feasibility study on the subject this fall, as a downtown zoning study resumes discussions of potentially higher building heights.

For now, interest in office-to-residential projects remains lower in Boston than in most similar cities, said Todd Dundon, principal of Gensler Architects.

“The most important reason is that everyone is more interested in developing labs, where the money is, than residential,” he said.

Beyond the life sciences alternative, developers and architects remain cautious of the hurdles associated with residential conversions. Complications include the difficult layout of older buildings and lots, costly surprises during construction, office lease expiration dates, and additional parking requirements associated with residential use.

Using a proprietary dashboard, Gensler analyzed more than 300 buildings in 25 cities and found that only 30% met its requirements for a housing conversion.

The program analyzes building shapes, floor plate characteristics such as the distance between building cores and the exterior, building envelope characteristics such as window size and operability, and building requirements. use of services, including loading areas and parking.

“That’s where you get into the old heritage buildings where it gets harder,” Dundon said. “A lot of them aren’t complete buildings. They have party walls on either side, which makes it very difficult to maximize units and pencil them out.

Other cities offer conversion grants

Major office-to-residential conversions already announced by developers elsewhere include One Wall Street and 55 Broad St. in Manhattan and the South Temple Tower in Salt Lake City. California’s budget for fiscal years 2023 and 2024 includes $400 million for converting office buildings into affordable housing. In June, Pittsburgh Mayor Ed Gainey offered $2.1 million in funding under the American Rescue Plan Act for office conversions into downtown housing.

Cliff Kensington, director of acquisitions for Brookline-based City Realty, said landlords have to consider long lead times as office leases expire.

“It’s never so clean to have a perfectly vacant building. There are still those one or two tenants scattered all over the place who still have years left on the lease,” Kensington said.

Oleg Uritsky, CEO of Boston-based Helge Capital Real Estate, points to additional parking requirements for multi-family uses as another barrier to conversions.

In January, Boston eliminated on-site parking requirements for 100% affordable housing developments, but did not change the rules for market-rate and mixed-income projects.

And home conversions can bring unpleasant surprises even after approvals and financing are secured.

“Most office buildings are old and once you start opening up the walls, you never know what you’re going to find there. You can find something very difficult that is not planned,” Uritsky said.

Office leasing momentum stagnates in 2022

The rise in office vacancy rates in the first half of 2022 indicates that leasing momentum for commercial tenants has lost momentum after a recovery last fall. The citywide office market has so far seen 777,000 square feet of negative absorption in 2022, according to data from Colliers. And Boston’s Class B office buildings are feeling the brunt of the downturn, with vacancy rates hitting a near-record 22.3% availability rate in the second quarter.

The BPDA will bring the issue to the fore when it commissions a feasibility study on the subject this fall, a spokeswoman said. And recovery of a downtown planning study could lead to higher zoning heights make multi-family projects more attractive to developers in commercial districts.

The Downtown Study covers some of the city’s most densely developed neighborhoods, from the Financial District to the Massachusetts Turnpike. Put on hold during COVID and due to resume after a BPDA downtown planner was hired, it investigated potential rezoning for higher base building heights.

But simply allowing taller buildings won’t necessarily spark a wave of expansion plans, architects and developers say. The potential for vertical expansion of existing buildings is limited by structural issues. Residential conversions require potentially costly upgrades to utilities, elevator clusters, and building envelopes to install operable windows, as required by building codes.

Physical upgrades can bring the cost of conversions to less than 15% of new construction, City Realty’s Kensington estimated.

“It’s not as simple as keeping [office tenants] up and leaning on top,” he said.

Time advantage over building from scratch

But many of these same barriers exist in New York, where architects are seeing growing interest from office owners. The Real Estate Board of New York estimates that office conversions could generate around 14,000 residential units in neighborhoods such as Midtown East, the Garment District and Flatiron.

Steve Adams

Developers cut courtyards in the middle of floor plates to create usable housing, said Eugene Flotteron, director of architecture and partner at New York-based architects CetraRuddy. Condominium conversions make up the bulk of the business, as they typically include larger units that move in more easily. Some developers added additional elevator and utility cores, said Flotteron, who estimated such projects cost between $150 and $250 per square foot.

Conversions offer a time advantage, with a typical project taking 12 to 18 months compared to two years for new construction, he said. A growing gap between Class A and B office rents in New York City has forced the hand of many landlords.

“At present [residential conversions] are all in pencil. It comes down to the highest and best utilization, and if they’re not collecting the rents from the new office buildings, it’s worth it,” he said.

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Salt lakes real estate

Anaheim company buys 10 La Quinta retail properties for $35 million – Orange County Register

Ten buildings at One Eleven La Quinta Center have been sold for $35 million to Milan Capital Management in Anaheim, according to Investment Properties Group of SRS Real Estate Partners.

The mall built in La Quinta between 1993 and 2007 sits on 12.95 acres at Washington St on Route 111.

SRS senior vice presidents Chris Tramontano and John Redfield represented the seller, a Coachella Valley-based family. The buyer represented himself.

Center tenants who were part of the sale of the property include Ross Stores, Staples, Petco, Big 5 Sporting Goods, among others. The center is “ghost” anchored by tenants that include Stater Bros, Hobby Lobby and Kohl’s.

“…The seller was ready to hand over to a large operator in Southern California. This transaction had its challenges and many emotional pieces, thankfully all outside of the high quality real estate that was purchased,” Redfield said.

A joint venture between Irvine-based Greenlaw Partners and Mirae Asset Global Investments recently acquired the last of three industrial buildings leased by Amazon in Utah. The deal, totaling 547,290 square feet, was worth a total of $291.5 million. (Courtesy of Cushman & Wakefield)

The Greenlaw joint venture completes the purchase of 3 logistics buildings in Utah

A joint venture between Irvine-based Greenlaw Partners and Mirae Asset Global Investments recently acquired the last of three industrial buildings leased by Amazon in Utah, according to Cushman & Wakefield.

The deal, totaling 547,290 square feet, was worth a total of $291.5 million. The seller was Gardner Batt.

The third building in the City of West Jordan was completed this spring and spans 200,000 square feet on 76 acres. It sold for $103.8 million on July 7. The other two building sales included a new 201,096 square foot building completed in 2021 on over 56 acres in Salt Lake City and a 146,194 square foot building completed in 2020 in American Fork. The Greenlaw firm purchased the pair of buildings for $187.75 million.

Jeff Chiate, Mike Adey, Brad Brandenburg and Matthew Leupold of the Irvine office of Cushman & Wakefield, and Tom Freeman and Travis Healey of the Salt Lake City office of Cushman & Wakefield represented the seller in all three transactions.

“Industrial sites remain in high demand from investors due to continued robust tenant activity across many industries in the sector and quality industrial supply which remains limited,” Chiate said.

Westport Properties in Newport Beach and Invesco jointly acquired eight self-storage facilities in Tennessee, North Carolina and Oregon.  Pictured is the Raleigh complex, which has 686 units.  (Courtesy of Westport Properties)
Westport Properties in Newport Beach and Invesco jointly acquired eight self-storage facilities in Tennessee, North Carolina and Oregon. Pictured is the Raleigh complex, which has 686 units. (Courtesy of Westport Properties)

Westport launches purchase of storage units

Newport Beach-based Westport Properties and Invesco have acquired eight self-storage facilities in Tennessee, North Carolina and Oregon.

Terms of the acquisition were not provided by either company.

The partnership rebrands the properties under the US Storage Centers brand with Westport Properties as the operator.

The properties include: 1,347 units in three complexes in Clarksville, Tennessee; 686 units and 52 parking spaces in Raleigh, North Carolina; 646 units in Durham, North Carolina; 674 units in two complexes in Bend, Ore.; 491 units in Winston Salem, North Carolina

Invesco and Westport represented themselves in acquisitions.

IHP Capital Partners in Newport Beach and homebuilder KB Home have begun work on a new townhouse community in Carlsbad.  The two companies are converting a 20-acre nursery in northern San Diego County into 248 three-story townhouses and 46 affordable apartments for renters over 55.  (Courtesy of IHP Capital Partners)
IHP Capital Partners in Newport Beach and homebuilder KB Home have begun work on a new townhouse community in Carlsbad. The two companies are converting a 20-acre nursery in northern San Diego County into 248 three-story townhouses and 46 affordable apartments for renters over 55. (Courtesy of IHP Capital Partners)

Townhouse community ushers in North San Diego

Newport Beach-based IHP Capital Partners and homebuilder KB Home purchased and are currently building Marja Acres in Carlsbad.

The two companies are converting a 20-acre former nursery in northern San Diego County into a new housing community that will include 248 three-story townhouses, 10,000 square feet of commercial space and 46 affordable apartments for adults of 55 and over.

The community at 4901 El Camino Real, between Kelly Drive and Cannon Road, will feature three-story townhouses in two design styles: Modern Farmhouse and Contemporary. Facilities will include a one-and-a-half-acre village green, four pocket parks, a dog park and a community center with a swimming pool, barbecue area and bocce court.

Construction of model homes is expected to begin later this year with sales opening in 2023, according to IHP. The price of the house will be published at a later date.

Daniel “Dane” Rowland is the new Head of Commercial Properties and Professional Associations for Irvine-based Guthrie Development Co. (courtesy of Guthrie Development)

Moving

Daniel “Dane” Rowland is the new head of commercial properties and commercial associations for Guthrie Development Co., based in Irvine. Previously, he held multiple roles and responsibilities at Irvine Co. With over 15 years of property management experience, Rowland will be responsible for overseeing the day-to-day operations of properties owned by both Guthrie Development and Guthrie-managed trade associations. Asset Management.

Real estate transactions, leases and new projects, industry hires, new companies and upcoming events are compiled from news releases by editor Karen Levin. Submit high-res articles and photos via email to Business Editor Samantha Gowen at [email protected] Please allow at least a week for posting. All elements are subject to change for clarity and length.

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Salt lakes real estate

Bureau Real Estate promises to show consumers a better way to buy and sell their homes

SALT LAKE CITY, July 26, 2022 /PRNewswire/ — Bureau Real Estate opens in Utah today with a pledge and a promise to its customers: there is a better way to buy and sell your home. Founded by the best players in the real estate industry, Shane Herbert and Mat Stouffer, Bureau Real Estate sets the bar high in broker-managed customer service, delivering a customer-focused experience at a down-to-earth pace.

Bureau Real Estate is launching two new systems that make its approach unique: a personalized technology platform and an in-depth back-office engagement that offers Bureau Real Estate agents unprecedented support in the field. This combination allows Bureau agents to focus on customer service, turning what is usually a stressful and confusing process into a positive and memorable experience.

“Regular communication with customers is key,” says Shane Herbert, Founder and CEO of Bureau Real Estate’s parent company, Bureau One. “Homebuyers and sellers need to know where things are, what’s coming next, how things are going, what to expect. It takes time, energy and careful attention. And most agents in this industry don’t have the support they need to do that effectively.”

“Bureau’s team approach sets us apart from other traditional brokerages,” says Mat Stouffer, co-founder and COO of Bureau One. “We have hired a multitude of experts in different fields to relieve many responsibilities from agents, so that they can focus on what is important: building trust with their customers, networking among peers, deepening their knowledge of the market and effective trading.”

“Handling multiple transactions, seeing them work through issues and hurdles, communicating these things to the people who need this information, it’s hard work. And it’s hard to pull through on your own,” Herbert says. “We’ve taken the loneliness out of being a real estate agent because it’s the surest path to giving home buyers and sellers a better experience.”

The technical aspect of Bureau Real Estate’s revolutionary new approach arms agents with new digital tools that streamline and consolidate mundane and time-consuming tasks into one easy-to-navigate platform. Repetitive tasks are automated, email and SMS communications centralized, forms and filings standardized. “Every step of the transaction, every message, every form is there,” Stouffer says. “If you believe, like us, that a better customer experience starts with relieving agents, then give them everything they need to succeed: great tools and reliable backup.”

Unlike most traditional brokerages, Bureau Real Estate also takes an active role in resolving issues with a property before a problem becomes a potential obstacle to a sale. The company has assembled accredited specialists who can quickly and reliably perform home inspections, coordinate with suppliers and take care of minor repairs. Bureau then handles the building of the listing with compelling descriptors, top quality photography, virtual tours, videos, and more.

Herbert and Stouffer typed Leanne Burk Parry to hold the position of President of Bureau Real Estate. After a 20-year professional career with Sotheby’s International, Parry brings to his new role a mastery of client management and a commitment to service. “It’s so exciting. Bureau’s ethos of putting customers first, the technology we bring to the field and the culture we create – it’s like we’ve been given this chance to design the experience ideal and do everything right,” says Parry.

ABOUT REAL ESTATE OFFICE

Bureau Real Estate sets the bar high in broker-managed customer service, standardizing clear, simple communications and the consistent delivery of exceptional, high-quality service. Advanced digital tools and real field agent support means more time spent meeting customer needs, transforming the home buying and selling experience. To learn more, visit OfficeRealEstate.com.

Media Contact:
Laura Henson
HVM Communications
[email protected]
(917) 539-7812

SOURCE Office Real Estate

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Salt lakes real estate

Metros in Colorado, Utah and Idaho had the largest share of sellers as house prices fell in June

A significant number of sellers in the United States are cutting prices as high mortgage rates and fears of a potential recession keep many potential buyers at bay.

A recent report from Redfin said more than 25% of home sellers in three-quarters of the metros tracked by the brokerage nationwide lowered their asking prices in June.

In some areas, more than 60% of sellers lowered their prices, which the report said has “become a common feature of the cooling housing market, especially in places that were popular with buyers in the early part of the year.” pandemic “.

A For Sale sign is posted outside a home in Pittsburgh, Pennsylvania on January 4, 2019. (AP Photo/Keith Srakocic, File/AP Newsroom)

Thirty-year mortgage rates are much higher than they were at the start of the year, which “has really eaten away at homebuyers’ budgets,” said Redfin chief economist Daryl Fairweather. , at FOX Business.

According to mortgage buyer Freddie Mac, 30-year fixed mortgage rates averaged 5.54% this week, down from 5.51% a week ago.

MORTGAGE RATES JUMP AS HOME AFFORDABILITY DROPS

Some homebuyers have had to abandon the buy market altogether and face the rental market, while others are still in the game but “are much less willing to bid on the asking price or deal overpriced homes,” Fairweather added.

As buyers are “more nervous”, sellers make concessions and lower prices. Fairweather said sellers no longer have the luxury of choosing between dozens of offers as they would have had earlier this year.

Boise, Idaho, had the largest share of buyers, 61.5%, who lowered their asking prices, according to the analysis. That’s up from 25.7% in June 2021.

for sale sign in front of the building

A For Sale sign is displayed in front of a home in Washington, DC on March 14, 2022. (Stefani Reynolds/AFP via Getty Images/Getty Images)

Denver, Colorado, and Salt Lake City, Utah, were not far behind with 55.1% and 51.6% of sellers lowering their prices, according to the report.

Almost half of the sellers in Tacoma, Washington; Grand Rapids, Michigan and Sacramento, California also lowered their prices.

Boise, Salt Lake City, Sacramento and Tampa were popular hotspots between summer 2020 and March 2022, “as homebuyers moved out of expensive coastal employment hubs, taking advantage of low mortgage rates and remote working “, according to Redfin.

U.S. HOUSING MARKET UNDERPRODUCTION CRISIS WORSENING, NEW ANALYSIS SAYS

However, their popularity worked against them.

“Their popularity has led to fierce competition for a limited supply of homes for sale, driving up prices and making them unaffordable for many buyers,” the report continues.

For example, the typical Boise home sold for $550,000 in May, up 60% from two years ago, according to the report. Similarly, prices for a typical home in Sacramento rose 44% to $610,000.

“Consumer sentiment is also making homebuyers more reluctant to stretch their budgets,” Fairweather added.

Not only are homebuyers worried about inflation continuing to rise, but they’re also worried about what would happen if the economy fell into a recession and unemployment rates rose, according to Fairweather.

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“Homebuyers don’t want to find themselves in a situation where they can’t pay their mortgage because they don’t have the income they thought they had,” Fairweather added.

Here are the top ten metros that saw the biggest share of seller declinesping their prices in June:

  1. Boise, Idaho: 61.5%
  2. Denver, Colorado: 55.1%
  3. Salt Lake City, Utah: 51.6%
  4. Tacoma, WA: 49.5%
  5. Grand Rapids, Michigan: 49.3%
  6. Sacramento, California: 48.7%
  7. Seattle, Washington: 46.3%
  8. Portland, OR: 45.7%
  9. Tampa, Florida: 44.5%
  10. Indianapolis, Indiana: 44.1%
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Salt lakes real estate

Three fugitives arrested in massive multi-state fraud scheme | USAO-SDTX

HOUSTON — Three other co-conspirators have been arrested on charges related to multi-level mortgage fraud, credit repair and a government loan fraud scheme, U.S. Attorney Jennifer B Lowery said.

Heather Ann Campos, David Lewis Best Jr. and Stephen Laverne Crabtree had eluded law enforcement for several months.

Campos, 43, of Houston, is scheduled for a detention hearing before U.S. Judge Dena H. Palermo at 10 a.m. today.

All three reportedly sent numerous letters from sovereign citizens to federal agencies and the federal court in Houston declaring themselves immune from prosecution and refusing to recognize the authority of the federal courts.

Campos and Best were indicted in January on numerous charges of participating in a conspiracy to defraud mortgage companies, banks, the Small Business Administration (SBA) and the Federal Trade Commission (FTC). They said they would surrender but would have fled from law enforcement. Since that date, several other accomplices have been charged, including Crabtree. He was released on bail and also became a fugitive.

Those charged include Steven Tetsuya Morizono, 59, Mission Viejo, Calif.; Albert Lugene Lim, 53, Laguna Niguel, Calif.; Melinda Moreno Munoz, 41, Elvina Buckley, 68, Leslie Edrington, 65, and ShyAnne Edrington, 29, all from Houston.

The charges allege that Campos and Best recruited clients for credit repair using the company names of KMD Credit, KMD Capital and Jeff Funding, among others. They allegedly “cleaned up” their customers’ credit histories by filing false identity theft reports with the FTC. After fraudulently inflating clients’ creditworthiness, the co-conspirators fraudulently obtained credit cards, disaster loans and mortgages for themselves and their clients, the charges allege. They could have achieved this through false declarations and false documents.

Campos was a mortgage broker and Buckley a real estate agent, while the notary was the responsibility of Munoz, according to the charges. After fraudulently inflating clients’ creditworthiness, the individuals allegedly obtained rental properties to deceptively build a real estate portfolio worth millions of dollars on behalf of their clients and profit from the rental income. The charges allege that Crabtree was a credit repair customer and recruited others, including family members, and conspired to commit wire fraud.

In addition, they reportedly got loans from banks and the SBA’s Economic Disaster Loan and Paycheck Protection Program. They were created on behalf of clients, friends and family members through false statements and false or altered documents.

Under the pseudonym Jeff, Morizono was the leader and namesake of the scheme claiming to do business as Jeff Funding, according to the charges.

If convicted, they all face up to 30 years in federal prison and a maximum fine of $1 million.

The Federal Housing Finance Agency – Office of Inspector General (OIG), US Postal Inspection Service, Housing and Urban Development – OIG and SBA – OIG conducted the investigation with the assistance of the FTC – OIG and IRS – Criminal Investigation.

Other agencies assisted in the arrests of Campos, Best, and Crabtree, including the Greater Salt Lake Unified Police Department; South Jordan, Riverton and Herriman Police Departments, Utah; FBI Hostage Rescue Team; United States Postal Inspection Service – Pittsburgh and Salt Lake City Divisions; and the U.S. Marshals Violent Fugitive Apprehension Strike Force.

Assistant U.S. Attorneys Kate Suh and Jay Hileman are pursuing the case.

An indictment is a formal charge of criminal conduct, not evidence.
A defendant is presumed innocent unless convicted in due process.

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Salt lakes real estate

Top 100 Best Places to Live in the United States Ranked by Livability.com

Places to Live for 2022, sponsored by eXp Realty.”/>

The 2022 list centers on mid-sized cities that attract large waves of young people. More than 2,000 cities were ranked on 50 data points measuring economy, housing, amenities, infrastructure, demographics, social and civic capital, education and healthcare.

Livability.com has released the ninth annual list of the 100 Best Places to Live for 2022, sponsored by eXp Realty. The new rankings are the culmination of months of extensive research into relocation trends, economic variables and factors that influence quality of life. Thirty-six states are represented from coast to coast.

The 2022 ranking categories were influenced by proprietary research conducted by Livability.com in partnership with Ipsos. More than 1,000 adults, ages 18 and older, from across the country were surveyed to determine what livability features they would value in a potential home community, with a focus on how the rise cost affects their resettlement decisions. Respondents were asked what factors would be most considered when choosing to move and how their housing needs and priorities have changed due to record inflation. Research shows that 7 out of 10 adults consider affordability to be one of the top three factors influencing the decision to move.

The 2022 list of the 100 Best Places to Live largely reflects findings that affordability and local amenities are top priorities for people looking to relocate.

“As remote work trends continue and affordability becomes more elusive amid high inflation, people are thinking about where their money is going furthest,” says Amanda Ellis, Managing Editor from Livability.com. “Our list of the 100 Best Places to Live celebrates the incredible small and medium-sized communities across the United States — the ones that really shine when it comes to affordability alongside amenities and opportunity.”

This year, Livability has partnered with eXp Realty, the world’s fastest growing real estate brokerage, for the annual community ranking. The company, which has been fully remote since its inception in 2009 and operates on a cloud-based virtual platform, understands that today many people choose their lifestyle over their workplace when they decide where to live.

“Gone are the days of having to live in the same city where you work, and that’s really changing the dynamic of how people decide where to buy a home,” said Dawn Conciatori, vice president, Referral Generation, eXp Realty. . “Research shows that more than 19 million Americans plan to relocate due to remote work and flexible work options. Moving to a new city is an exciting time, but also an important decision. Our partnership with Livability and this new research can help people find the kind of livable community they’re looking for, whether they’re looking to move now or in the near future.

This year, the list focused on medium-sized cities (generally defined as 500,000 people or less) that attract large waves of young people. More than 2,000 cities were ranked on 50 data points measuring economy, housing, amenities, infrastructure, demographics, social and civic capital, education and healthcare. Sources included the best public and private data available from organizations such as the US Census Bureau, Lightcast, and Esri.

The top 10 cities this year are:

1.Madison, Wisconsin

2. Ann Arbor, Michigan

3. Rochester, Minn.

4. Naperville, Illinois

5. Overland Park, Kansas

6. Minneapolis, Minnesota

7. Fishermen, Indiana

8. Salt Lake City, Utah

9. Pittsburgh, Pennsylvania

10. Carmel, Indiana

The full list of the 100 best places to live in 2022 is featured on Livability.com, along with each city’s LivScore and some of the specific attractions, activities and amenities that make it a great place to live.

For more information or to schedule an interview, please contact

Amanda Ellis, Managing Editor, Livability.com

[email protected]

Where

Cara Sanders, Managing Editor, Livability.com

[email protected]

###

About Liveability.com:

Livability.com highlights the best small and medium towns and what makes them great places to live, work and visit. Through exclusive research and original content, we examine issues such as affordability, cultural amenities and attracting talent, and celebrate the achievements of these cities through the Top 10 lists, our annual Top 100 ranking. best places to live and articles exploring the who, what, why and how behind the “where”. Livability.com is a division of Journal Communications, Inc., based in Franklin, TN.

About eXp Realty:

eXp Realty® is part of eXp World Holdings, Inc. (Nasdaq: EXPI), which is also the holding company of Virbela and SUCCESS® Enterprises. eXp Realty is the world’s fastest growing real estate company with over 83,000 agents in the US, Canada, UK, Australia, South Africa, India, Mexico, Portugal, in France, Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel, Panama, Germany, Dominican Republic, Greece and New Zealand and continues to expand internationally. As a publicly traded company, eXp World Holdings offers real estate professionals the unique opportunity to earn equity rewards for production goals and contributions to overall company growth. eXp World Holdings and its businesses offer a full suite of real estate brokerage and technology solutions, including its innovative residential and commercial brokerage model, professional services, collaborative tools, and personal development. The cloud-based brokerage is powered by Virbela, a deeply social and collaborative immersive 3D platform, enabling agents to be more connected and productive. SUCCESS® Enterprises, anchored by SUCCESS® magazine and its related media properties, was established in 1897 and is a leading personal and professional development brand and publication.

For more information, visit https://expworldholdings.com.

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Salt lakes real estate

Back to school: Here are the grades from Utah’s school districts and what it will cost you to live there

Estimated reading time: 4-5 minutes

Don’t forget one essential feature on your must-have list for your next home: local school district quality. Even if you don’t have kids, it’s still a good idea to buy a home within the boundaries of a good school district. In an article for Public School Review, writer Robert Kennedy notes that this is one of the best things you can do to increase the resale value of your home.

“Not only are the values ​​for these homes higher, but these homes tend to take less time to sell when they come on the market,” Kennedy said. “If you’re not moving, you’re still in a great position to build long-term equity for your home by buying from a good school district.”

So, as you browse homes for sale and consider that next move, be sure to keep this information in mind. To save you a bit of homework, here are some great Utah school districts where the Stern team determined home values ​​are soaring.

Davis School District

The Davis School District in Farmington is a good place to start. Ranking website Niche gives this district an overall grade of B+ thanks to its high scores for teachers, health and safety, and college readiness, among other things. The student-teacher ratio is 24 to 1, with spending per student reaching $7,134.

As for the housing market, Utah Real Estate reports that the median home price in Farmington was $649,900 in May 2022, trending up 20.6% year-over-year. In May 2021, the median listing price was $539,000. The latest data from the US Census Bureau indicates that the area’s median household income is $99,208.

Canyons School District

Moving down to Sandy, you have the Canyons School District, which also earned a B+ rating from Niche for its academics, teachers, college readiness, and health and safety. Voted No. 1 School District in Salt Lake County, the student-teacher ratio is 23-to-1 with per-student spending reaching $10,077.

Utah Real Estate reports that the median home price in Sandy was $662,5000 in May 2022, trending up 22.7% year-over-year. In May 2021, the median home price was $540,000. According to the US Census Bureau, the median household income is $95,715.

Alpine School District

In Utah County, the Alpine School District is worth a visit. Niche gives it a B+ grade with a student-teacher ratio of 26 to 1. The school district spends about $7,299 per student per year.

Not only is the area beautiful, but the houses are too. The home’s value has increased significantly year over year, and it currently averages around $1.2 million. In 2020, the average household income was around $123,450, according to the US Census Bureau.

Salt Lake School District

As with the previous three districts, the Salt Lake School District also earns a B+ ranking from Niche. The district received high marks for teachers, college readiness, and diversity and ranks #2 on Niche’s list of top schools in Salt Lake County. The student-teacher ratio is 20 to 1, and the district spends $9,448 per student.

Utah Real Estate reports that the median home price in Salt Lake City was $569,600 in May 2022, trending up 21.5% year-over-year. The median home price in May 2021 was $469,000. The US Census Bureau lists the median household income at $63,156.

Back to school: Here are the grades from Utah's school districts and what it will cost you to live there
Photo: Jason Finn/Shutterstock.com

Jordan School District

Finally, there’s the Jordan School District in western Jordan, which received a B grade and is the third-best school in Salt Lake County, according to Niche. This neighborhood ranks well for clubs and activities, health and safety, and college readiness. The student-teacher ratio is 23 to 1, with expenditure per student of $8,185.

Utah Real Estate reports the median home price for May 2022 was $529,500, trending up 29.1% year-over-year. In May 2021, the median home price was $410,000. According to the US Census Bureau, the median household income is $84,722.

Find accommodation in the school district of your choice

These aren’t the only good school districts in the state, but this list provides a good starting point for areas with high resale value. If you are looking to buy or sell a home in a great school district, contact the Stern team. With hundreds of 5-star Google reviews, you can count on a quality experience for all your buying or selling needs.

More stories that might interest you

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Salt lakes real estate

Bridge Investment Group Announces Solar Energy Expansion and Partnership with Lumen Energy

SALT LAKE CITY–(BUSINESS WIRE)–Bridge Investment Group Holdings Inc. (NYSE: BRDG) (“Bridge” or the “Company”) today announced the launch of its brand new strategy, Bridge Solar Energy Development (“Bridge Solar”), in partnership with Lumen Energy Inc. (“Lumen”).

As companies strive to decarbonize their operations, on-site renewable energy is becoming more economical. Commercial rooftop solar technology costs have fallen 69% over the past 10 years, while retail electricity prices have increased 10% nationally since 2020; However, on-site commercial solar deployment has remained slow due to complex utility building data, supply chain issues, financing complexities, and various state-specific incentives. For one-time projects, the overhead and capital expenditure of the unfamiliar process remains high relative to the direct benefits, but too low for large-scale investors. Bridge believes its national footprint and local expertise, combined with Lumen’s data-driven technology, will streamline the analysis and implementation of solar power in a high-demand market that has been largely untapped. Only 4.5% of the approximately six million commercial properties in the United States currently have solar panels, leaving more than 145 gigawatts of solar potential on site.

“We expect Bridge Solar to fill an unmet need for green energy, through the provision of clean energy at a discount to market rates by deploying renewable energy infrastructure equipment on existing buildings,” said John Ward, Bridge Solar’s managing director and managing director. Investment Officer, Bridge Office. “By partnering with Lumen Energy, a leader in clean energy software and energy project development process technologies, we will offer the best in the design, procurement, construction and operation of solar projects on properties owned by Bridge-managed funds and third-party assets.”

This unique partnership allows Bridge Solar to simultaneously assess thousands of new property addresses and make decisions in minutes. Leveraging technology pioneered at US National Labs, Lumen’s technology quantifies the economically ideal “clean energy stack” unique to each property, including financing and incentives, and then automates the deployment process.

“We are excited to partner with Bridge for the next phase of Lumen’s growth,” said Peter Light, CEO of Lumen. “Together, our scale, precision, and automation allow us to deliver cost-effective decarbonization with speed and ease. By constructing solar power systems on existing buildings, Bridge Solar will utilize unused space to meet the growing demand for energy, while simultaneously offering owners and tenants a discount on market energy prices.

About Bridge Investment Group

Bridge is a leading vertically integrated real estate investment manager, diversified across specialty asset classes, with approximately $38.8 billion in assets under management as of March 31, 2022. Bridge combines its operating platform nationwide with dedicated teams of investment professionals focused on select U.S. real estate. real estate verticals: residential leasing, offices, development, logistics real estate, net lease and mortgage backed by real estate.

About Lumen Energy

Lumen Energy is a leading software platform that allows commercial real estate owners to cost-effectively select and deploy renewable energy across many properties at once. Lumen Energy’s software merges supercomputer outputs and energy market data into investment-grade financial models, allowing building owners to easily assess which clean energy solutions improve the value of their buildings. The Lumen Platform connects homeowners to a market of skilled local installers, automating clean energy deployment from start to finish.

Forward-looking statements

This press release contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, which relate to future events or our future performance or financial condition. All statements other than statements of historical fact may be forward-looking statements. In some cases, you can identify forward-looking statements by words such as “outlook”, “could”, “believe”, “expect”, “potential”, “opportunity”, “continue”, “may”, ‘will’, ‘should’, ‘over time’, ‘seeks’, ‘predicts’, ‘intends’, ‘plans’, ‘estimates’, ‘anticipates’, ‘expects’ or negative versions of these words, other comparable words or other statements that do not relate to historical or factual matters. Accordingly, we caution you that these forward-looking statements are based on our beliefs, assumptions and expectations as of the date of our future performance, taking into account all information available to us at that time. These statements are not guarantees of future performance, conditions or results and involve a number of risks and uncertainties that are difficult to predict and beyond our control. Actual results may differ materially from those expressed or implied in forward-looking statements due to a number of factors, including, but not limited to, the risks described from time to time in our filings with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it is made. Bridge Investment Group Holdings Inc. undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by law. Nothing in this press release constitutes an offer to sell or the solicitation of an offer to buy securities of the Company or any investment fund managed by the Company or its affiliates.

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Salt lakes real estate

Feeling the Effects of Drought in the Twelfth District – Federal Reserve Bank of San Francisco

July 11, 2022

At the San Francisco Fed, we are students of economics. We monitor current and future risks to the economy, including climate risk. The economic impacts of climate change, including the frequency and magnitude of severe weather events, affect each of our three main responsibilities: conducting monetary policy, regulating and supervising the banking system, and ensuring a safe and sound payment system.



“We need to think more about how to make every drop count,” California Governor Gavin Newsom said during a May meeting with leaders of the state’s largest urban water providers. . He warned that California could be forced to impose mandatory reductions across the state due to a severe drought.


In April, Utah Governor Spencer Cox declared a state of emergency due to severe drought conditions affecting the entire state. “Once again, I call on all Utahans – households, farmers, businesses, governments and other groups – to carefully consider their needs and reduce their water usage.”


Of course, it’s not just California and Utah struggling with record drought. Drought brings economic consequences, including increased fire risk, water restrictions, increased insurance costs and more. Of course, it’s not just California and Utah struggling with record drought – the impacts are being felt throughout the Twelfth District. According to the journal Nature Climate Change, the mega-drought in the western United States produced the region’s driest two decades in at least 1,200 years.


Here is an overview of the drought-related impacts felt in the district during the first quarter of 2022:


Drought intensity worsens


According to the US Drought Monitor, almost 95% of the western region was experiencing drought conditions. As a result, the district experienced a decline in water supply from the Colorado River and several other watersheds and had already begun to experience intense wildfires. The link between drought and wildfires is complex. According to the National Integrated Drought Information System, drought can be a contributing factor to wildfires. Dry, hot, and windy weather combined with dry vegetation (due to reduced snow accumulation and flow, dry soils, and widespread tree death) can increase the risk of wildfires. large-scale forest.


Federal water managers declared the first-ever water shortage along the Colorado River last year, causing outages for some of the river’s 40 million users. The Great Salt Lake has lost half of its water in the past 150 years, and Lake Powell’s water level is down 28 feet from last year. Through May 1, California’s aggregate intrastate storage reservoirs were nearly 30% below average and those from out of state (including the Colorado River) were only half of the average historical levels.


Most of the land in the western region of the Drought Monitor remained dry until May 3. In much of the district, drought intensity has worsened since late 2021 due to a dry spring. Forecasts from the National Oceanic and Atmospheric Administration and the National Interagency Fire Center suggest the drought will continue and wildfire risk will remain heightened across much of the district. Notably, many of California’s most destructive fires since 1991 have occurred in the past five years, setting an ominous precedent.


Dry and windy conditions have already contributed to increased wildfire activity in 2022. Year-to-date through June 13, the National Fire Information Center has tracked 29,827 fires which have burned more than 2.6 million acres nationwide, well above a 10-year average of 23,070 fires and 1.1 million acres. New Mexico and Texas have scorched more than half of the scorched land area since the start of the year, while the district states accounted for about 29%, led by Alaska. As we head into “fire season”, the level and magnitude of fire activity in the district will likely increase. For example, in 2021, the Twelfth District wildfires consumed more than 5.1 million acres, representing 73% of all wildfire area nationwide.


Figure 1
Drought severity, western region


Drought Severity measured as percentage of land in drought, Western Region.

West = twelfth district plus MT and NM. Source: University of Nebraska-Lincoln, United States Department of Agriculture, National Oceanic and Atmospheric Administration, 5/3/2022


Increased risks in the twelfth arrondissement


As many Westerners know, drought presents an increased risk of wildfires to their homes, businesses and communities. In addition, it creates unique economic challenges for borrowers who depend on water quality and accessibility, such as farmers, ranchers, food and beverage producers, hydroelectric generators, miners metals and businesses related to aquatic recreation (for example, centered around lakes or rivers). Although most banks in the Twelfth District do not directly hold a high concentration of agricultural and agricultural loans, they are exposed to economies centered on agricultural activity, for example in the Central Valley of California, the West of the Oregon, eastern Washington, southern Idaho and parts of other district states. According to the USDA’s Economic Research Service, “In areas that depend on rainfall for crop production, drought can decrease crop and livestock production and can severely affect farm profitability. The drought also reduces the amount of snowpack and the flow available for diversions to irrigated agricultural land. These impacts can affect all local, regional and national economies. They then classified, as of March 8, 2022, more than 20% of land in western states as experiencing extreme or exceptional drought.


District banks face financial and operational risks in the event of wildfires, as they may have to restrict the operations of branches located in fire-prone or evacuation-prone areas. Fire insurance provides a layer of protection for secured home loans, but as many homeowners know, wildfire activity has affected the cost and availability of risk insurance, which could potentially exert pressure on real estate values ​​in certain areas.


In absolute terms, California has the most at-risk properties in the district due to its large size; however, the relative share of at-risk properties may be higher in other states in the district. For example, CoreLogic’s Wildfire 2021 report indicates that the percentage of homes at high risk for extreme wildfire activity is higher in Idaho, Utah, and Nevada than in California.


For more details on economic and banking conditions across the District, visit the First Look 12L 1Q22 report.


Elizabeth Lawson-Kurdy is the Communications Manager for Supervision + Credit within the Communications + Experience team at the Federal Reserve Bank of San Francisco.


You might also be interested in:


The views expressed herein do not necessarily reflect the views of the management of the Federal Reserve Bank of San Francisco or the Board of Governors of the Federal Reserve System.

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Salt lakes real estate

New York Times and John Oliver criticize Utah’s water-saving measures, but we need to do more, say editorial board

If Utah’s water-saving measures are to be effective in the face of drought, we need more action ASAP.

(HBO) Utah took the brunt of John Oliver’s jabs on Sunday’s edition of “Last Week Tonight.”

So it looks like Utah Governor Spencer Cox is feeling a bit harassed by some mainstream national media outlets who he feels have treated his state unfairly in their coverage of the prolonged drought and our state’s response to it. this one.

Governor, we feel your pain.

One thing officials and reporters have in common is a sense of resentment when reporters or TV producers parachute out of New York or Washington and discover a problem that people in government and in the press are aware of. since a long time.

So the series of Twitter posts that Cox launched on Tuesday, criticizing some recent work from the New York Times and the HBO show “Last Week Tonight with John Oliver”, is drawing sympathy from the editorial board of your favorite news agency. from Utah.

Cox, of course, is always happy to promote positive coverage for himself or his state in the national media, bragging about how the country is taking notice of “the Utah Way.”

But last week the Governor took issue with the Times’ doomsday reporting and a 20-minute screed by Oliver (which was genuinely hilarious) because the two spoke at length about the impact of the ongoing drought without offering too many solutions. reasonable. or give credit for actions Utah has taken.

The governor is right.

The last session of the Utah Legislature, a body little known for its environmental awareness, produced a handful of helpful bills that will spend millions of dollars on efforts to mitigate the effects of the drought. The most important might be a measure that ended a century of laws on the use or use of water.

The old law urged water rights holders to use their allocations, often to grow water-thirsty crops like alfalfa, or risk losing the rights. Now, under the provisions of HB33, farmers can let more of that water flow downstream, recharging the Great Salt Lake and other surface and groundwater supplies, without giving up their right to future use.

The Times and HBO shrugged off those accomplishments.

Meanwhile, Utah reporters are doing more than doomscrolling. The Salt Lake Tribune has the Innovation Lab, dedicated to reporting on solutions, not just problems. The Tribune is also one of 23 organizations that created the Great Salt Lake Collaborative. It’s news organizations, schools, non-profits and researchers looking not only at what’s wrong with the lake, but very precisely and practically at what can be done this subject.

This does not mean that The Times and John Oliver did not raise specific and vital questions.

The imminent disappearance of the Great Salt Lake is much more than an aesthetic or touristic challenge. The loss of an entire ecosystem would not only be devastating to wildlife, but would also threaten to blanket the Wasatch Front which is a cloud of toxic dust that not only endangers the lives of everyone in the area but could, in a particularly vicious cases of karma, ruining the economic value of all this water-sucking development.

Oliver rightly pointed out that growing so much alfalfa for animal feed — some 2 million tons a year in Utah alone — in such a dry climate makes no sense.

Making fun of Cox’s call for Utahns to unite in prayer in hopes of bringing more rain was an irresistible target for any current-oriented comedian. It could also be an example of how the coastal media elite leaves many people in the rest of the country feeling disrespected.

Still, the rude god of Oliver’s program who told Utah we couldn’t pray our way out wasn’t wrong. This will require human action, not divine intervention.

Human action such as:

  • Use market prices and meters to ensure that water users – especially crop, park and golf course irrigators, who account for 70% of state use – bear the cost and are encouraged to use less. This means ending the use of property taxes, such as those soon to be raised by the Jordan Valley Water Conservancy District, to fund water projects in a way that hides the true cost to end users.

  • Urge the business and real estate communities, as well as the powerful and wealthy Church of Jesus Christ of Latter-day Saints, to grasp the catastrophic damage that the drought and decline of the Great Salt Lake will do to their investments.

  • Abandon expensive and ultimately unnecessary projects like the Lake Powell pipeline.

  • Act aggressively to steer Utah and the West away from the fossil fuel economy that has affected the global climate and exacerbated our drought. It’s a long-term solution rather than a short-term one, but Utah is uniquely positioned to benefit, both as a producer of sustainable energy and as a beneficiary of the reduction in chemicals that alter the climate. All the more reason it started yesterday.

We have taken action. We need to take a lot more. And if it takes strangers to point that out, well, every little bit counts.

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Salt lakes real estate

After 33 years of incinerating medical waste, Stericycle is closing its North Salt Lake plant

Activists are hailing the demise of one of Utah’s most notorious polluters as a victory for citizen activism, but some are wondering why it’s taken so long.

(Keith Johnson | Tribune File Photo) Stericycle’s North Salt Lake medical waste incinerator closed Friday after years of controversy over emissions from the plant in a growing part of Davis County. Regulators fined the waste processor $5 million for exceeding emission limits and performing invalid stack tests. Photographed January 21, 2014.

After 33 years of burning Utah’s medical waste at the edge of growing Davis County subdivisions, Stericycle’s North Salt Lake incinerator closed for good Friday, dropping the curtain on a never-ending drama over the The company’s alleged failure to control toxic emissions and efforts to cover it up are mounting.

Before it was forced to upgrade its operations several years ago, the plant’s emissions control equipment occasionally went offline during power outages, resulting in conspicuous black plumes on the Foxboro neighborhood, according to locals.

Utah’s Department of Environmental Quality (DEQ) later discovered that the plant was exceeding its emission limits and had rigged stack tests to give a false impression that the plant was in compliance with its permit. This led to a record $2.3 million fine against Stericycle in 2014 and an agreement to move the incinerator to a sparsely populated part of Tooele County.

When that plan fell through in 2019, DEQ put Stericycle on notice to cease incineration in Utah within three years. His license to burn trash expired on July 1, according to DEQ spokesman Matt McPherson.

For Alicia Connell, this day should have come much sooner.

“I’m grateful to see that this company will no longer harm our children,” said Connell, a former Foxboro resident and mother who led the battle against the incinerator. “Utah is all about doing good business. It wasn’t a good deal. They were the ones enjoying Utah without watching everything they did every minute.

A real estate broker who later moved to Farmington, Connell maintained close ties to the Foxboro community and later went to the Legislature on its behalf to advocate for changes to the law, forcing Stericycle to make changes operational.

Stericycle officials did not immediately respond to a request for comment on Tuesday.

A global processor of medical waste and biohazardous materials, the Illinois-based company has operations in virtually every other state and 16 other countries. But it only operates incinerators in a handful of locations.

Brian Moench, president of Utah Physicians for a Healthy Environment (UPHE), thanked citizen activists like Connell for bringing government and public attention to the threat medical cremation poses to Utah.

“After years of town halls, protest rallies, meetings with the governor and state officials, criminal investigations, and even a march led by Erin Brockovich, public health protection has finally earned a hard-fought victory in North Salt Lake,” said Moench. in a statement Tuesday. “Make no mistake about it, it was citizen activism that forced the state and federal government to put enough pressure on Stericycle that shutting down their incinerator was their only viable option.”

Following Utah’s record fine, the United States Environmental Protection Agency conducted its own enforcement action, resulting in additional assessments of $2.6 million the last year. Most of that money went to help a school district in Davis County buy low-emission buses.

“Medical waste incinerators must be operated in strict compliance with national air quality laws,” said Jean Williams, assistant deputy U.S. attorney general for the United States Division of Environment and Natural Resources. Ministry of Justice. “Stericycle has installed new pollution controls and made operational changes to remedy the violations alleged in the complaint.”

What troubled Connell and others was Stericycle’s reluctance to voluntarily upgrade its plant despite intense public pressure.

The incineration of medical waste is a harmful and unnecessary practice, according to the UPHE.

“It only served to spread toxins in the community and even create new ones,” said executive director Jonny Vasic. “Allowing Stericycle to obtain its initial license in 1989 was controversial at the time, but has become much more so over the past 15 years.”

When Stericycle began operations in North Salt Lake, there were few homes near the site at 90 N. 1100 West. Over the years, however, homes and schools have grown to the property line, and a major trailhead leading to the Legacy Parkway has been built nearby.

What was once an isolated place has long since become a neighborhood with an industrial incinerator within it.

Instead of cleaning up factory operations as more people moved into the area, according to Connell and environmental activists, Stericycle allowed power outages to disrupt its equipment, releasing smoke. loaded with hazardous substances in the neighborhood.

Backup power systems could have minimized these “disruptive” events, which occurred as often as every other week, but Stericycle would not have agreed to install them, Connell said.

“The technology was old and outdated and it was clear they weren’t interested in improving things without being forced to,” she said. “They weren’t willing to sit down to discuss making things better.”

With the help of then-Rep. Becky Edwards, R-North Salt Lake, Connell pressed the Utah Legislature to require upgrades to waste incinerators that have since helped limit Stericycle emissions.

“They were finding loopholes so they could burn things they shouldn’t be burning,” Connell said. “They could have added a backup battery themselves. I shouldn’t have gone to the legislature and fought for two years to get them to do it.

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Salt lakes real estate

A long-standing office tower in Utah will be transformed into apartments. Will it become a trend?

The famous 24-story building will have 255 high-end rentals.

(Rick Egan | The Salt Lake Tribune) This Salt Lake City South Temple office tower, shown Thursday, June 30, 2022, is to be transformed into 255 high-end apartments.

As the residential building boom in downtown Salt Lake City continues, developers have purchased a high-profile office tower along South Temple with plans to convert it into luxury apartments.

Hines, a Houston-based global real estate firm, said work on the 24-story white office building known to longtime residents as the University Club Tower at 136 E. South Temple will begin in early 2023 and transform it into 255 high-end studio, one- and two-bedroom units.

Crews will strip the rectangular office building “down to its core,” Hines said, and repurpose it “for high-quality residential living at a time when the Salt Lake City market is starving for much-needed housing.”

The private company said its recent purchase of the 216,976-square-foot skyscraper — for an undisclosed price — came after extensive analysis showed it met walkability and natural light requirements, and that the shape and general floor plan of the building were conducive to the creation of so many apartments.

Taking an adaptive reuse approach as opposed to new construction, the company said, will reduce carbon emissions by limiting the use of new construction materials, especially concrete, an industry staple that also produces large amounts of carbon dioxide to manufacture. Updating the building’s mechanical systems, Hines added, should also reduce emissions throughout its life cycle.

Downtown real estate changes direction

(Rick Egan | The Salt Lake Tribune) This Salt Lake City South Temple office tower, shown Thursday, June 30, 2022, is to be transformed into 255 high-end apartments.

The announcement comes as several new office towers have opened or are under construction downtown, even as office space across the country sees some of its highest vacancy rates in three decades, depressed by the effects of the pandemic and work from home trends.

At the same time, demand for homes – to rent or to buy, at all price points – has reached new highs, although some signs may start to fade as interest rates rise.

Salt Lake City’s trend toward luxury housing, meanwhile, has fueled frustration among those who point to the region’s dire need for more affordable housing as housing prices and rents continue to climb.

Referring to the city’s “tremendous growth” over the past decade and an insufficient supply of housing, Dusty Harris, Hines’ senior managing director, said the company “is stepping in to fill a need among townspeople”.

“We find a creative solution for a building, which is not well used, by converting it to a use that the community needs,” Harris said in an interview. “We’re excited about that, and we think there’s probably a lot more to come. A lot of people in the real estate industry are thinking about that.

And while it won’t directly produce moderately priced housing, he said,our view is that the city needs housing of all types and that certainly helps meet the demand for more housing in the community. And simply increasing the housing stock should help make the market more affordable.

The South Temple Tower will be a prime residential location, Harris said, for its proximity to downtown amenities, landmarks and public transportation as well as its views of the Salt Lake Valley.

Located just east of the Alta Club, near the intersection of State Street and South Temple, Hines’ latest Utah acquisition was renamed South Temple Tower in 2015 after a $10 million redesign by a former owner, Maier Siebel Baber, based in San Francisco.

This renovation restored some of the tower’s original historic character, improved its exterior, created a two-story entrance hall and entrance plaza on the south temple, and improved views from some of its upper floors.

County property records show the building, built in 1965, and its 0.61 acre lot were valued at $55.7 million last year.

Rise of high-end and high-rise housing

(Image courtesy of Hines, via Salt Lake City) An interpretation of the 31-story apartment tower and adjacent park that will be built where the Utah Theater once stood on Salt Lake City’s Main Street .

Hines is also finalizing the design of a 31-story luxury residential tower called 150 South Main Street Apartments, located on the site of the now-demolished Utah Theater on Main Street, with 400 apartments, 40 of which are subsidized rent. .

The two residential towers proposed by the international developer join several similar projects launched in recent years amid an apartment building boom and what is expected to be growing demand for luxury housing in Utah’s capital, especially among higher paid workers moving to the urban core.

The 21-story Liberty Sky at 151 S. State opened this year. Built by Utah-based Cowboy Partners with 272 luxury units, it marks the city’s first rental project above the 200-foot mark.

In what will soon be Salt Lake City’s tallest skyscraper, teams from Boston-based Kensington Investment opened the Astra Tower at 200 S. State St. in January, which will stand 450 feet and 40 stories high once completed in fall 2024, with approximately 372 luxury apartments.

(Courtesy of Kensington Investment Co., via Jacobsen Construction) A rendering of the future Salt Lake City skyline with the addition of the Astra Tower, which will become the tallest skyscraper in Utah .

A recent study identified a record 3,974 new apartments under construction downtown and predicted that their rents would likely be at least 30% higher than elsewhere in Salt Lake County.

The researchers also pegged prevailing apartment vacancy rates in Salt Lake County at an all-time high of 2% or less, pushing average rents up 10.1% in 2021 alone.

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Salt lakes real estate

The best mobile networks in our favorite FMH cities

The new world of working from home is truly a world of working from anywhere. Now that we’ve been largely freed from our COVID bubbles, the liberation from not going to the office doesn’t necessarily mean staying home – it could mean going to the park, the coffee shop or your favorite hideout to get some work done. .

Earlier this year, we selected 50 cities and towns across America that we believe are ideal for working from home. In general, our 50 picks have reasonable real estate prices, sizable homes, and fast fiber internet.

But having fiber internet in your home doesn’t mean you want to be disconnected when you’re away, and when you’re away, a fast mobile network is a good option to have. Many mobile plans now include gigabytes of connection for your laptop, and mobile networks can be faster and more secure than public Wi-Fi.

In our 10,000 miles of driving to find the best US mobile network, we’ve driven through eight of our 50 favorite WFH cities (you can see where they rank on our overall list in the charts below). Here’s who we found was the best network in each:


Layton, UT: T-Mobile

We only had a short drive through Layton as we left Salt Lake City, but T-Mobile came out on top. It’s clear that T-Mobile has installed its “ultra capacity” mid-band 5G in Layton, while AT&T and Verizon are still in the 4G era.

T-Mobile also won overall in the Salt Lake metro area, including, surprisingly, on reliability metrics. Why? We think the massive capacity T-Mobile added recently has really helped with congestion, so there are very few blocked connections if you can get a signal. That makes T-Mobile the fastest on the Silicon Slope.


Milwaukie, OR: T-Mobile

We spent a pleasant hour in Milwaukie, a more affordable suburb of Portland, and once again saw that T-Mobile had mid-band 5G there while other carriers…not so much, at least for the moment. Verizon is getting there – we saw a Verizon mid-band that made it to southeast Portland, but it just hadn’t reached central Milwaukie when we were testing. This made T-Mobile the strongest player there.


Keyport, New Jersey: T-Mobile

Keyport was our #3 city thanks to its relatively affordable price and proximity to the Jersey Shore and New York. Our mobile network tests have shown T-Mobile to be the fastest network in Keyport, New York, and the Urban Northeast in general.

The key: T-Mobile has installed its “ultra-capacity” mid-band 5G in Keyport, and Verizon and AT&T are getting by on older 4G airwaves (though they may show 5G in your status bar). We’ve seen download speeds as high as 600 Mbps with T-Mobile on Main Street in downtown Keyport.

T-Mobile was also more reliable than AT&T in our tests (AT&T had significantly more dropped connections), despite Verizon being the more reliable network.


Philadelphia, Pennsylvania: T-Mobile

This one we’re confident – we spent an entire day in Philadelphia – but it’s also less clear than it looks. T-Mobile won by showing the most mid-band 5G in the entire Philadelphia metro area. But Verizon has a millimeter-wave setup in downtown, and AT&T’s C-band is everywhere in the same area. Philadelphia is becoming very competitive, which reinforces our judgment that it’s a great city to work in.


Miami Lakes, Florida: Verizon

Miami Lakes is a beautiful planned suburb in West Miami, and we had a quick drive around the Miami metro area. Verizon had the most reliable network when we crossed the Miami lakes; T-Mobile was quick, but two network outages gave us pause.

This matches our overall results for Miami, where Verizon had both the fastest and most reliable overall network this year. Verizon launched much of its new C-band in South Florida, and we even reached Verizon’s super-fast broadband network in parts of Miami (but not Miami Lakes). Verizon is the safest bet for people in this field.

Recommended by our editors


Spring Valley, NV: T-Mobile

The story in suburban Las Vegas is the same as in many other places. T-Mobile has a strong mid-band 5G presence where the other two carriers haven’t configured their systems to C-band yet, or at least they didn’t in our testing. T-Mobile’s system is even more powerful in Spring Valley than other places: we’ve seen standalone 5G there, which has the potential to reduce congestion and latency compared to the more common non-standalone form. of 5G.

T-Mobile also won in Las Vegas overall, again thanks to much, much faster speeds than the other two carriers.


Overland Park, MO: T-Mobile

OK, well. Do you know who was based in Overland Park? Sprint. Do you know which network became T-Mobile’s mid-band 5G network? Sprint. So sure enough, we saw some of the fastest T-Mobile 5G speeds in the country at Overland Park, with several results above 500 Mbps and not a single drop (while AT&T and Verizon each dropped once). Don’t mess with T-Mobile on its own turf, apparently.


Phoenix, Arizona: Verizon

Verizon’s dominance in Phoenix shows what the situation will look like once the carrier further develops its C-band 5G network. We’ve seen Verizon’s C-band in Phoenix proper, Chandler, Mesa, Scottsdale, Tempe, and Tolleson , providing coverage wide enough to deliver 5G speeds in the metropolitan area. It also means that Verizon offers 5G home internet service in Phoenix, as an alternative to local cable providers.


Home office 101: Must-have devices for your home office setup

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Salt lakes real estate

A falling housing market means the mortgage industry faces massive layoffs

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While many employees in the crypto industry dread that invitation from the 4 p.m. calendar on a Friday, the same can probably be said for people working in the mortgage industry. A cooling housing market has everyone from traditional mortgage lenders to hot startups shedding staff faster than you can tell “market conditions.”

  • Last week, JPMorgan laid off 1,000 employees from its home loan division, according to Bloomberg.
  • Wells Fargo laid off hundreds of employees in April after its mortgage income fell 33% from the first quarter of 2021 to 2022, according to Insider.

How we got here: This month, the Fed raised interest rates by the largest amount since 1994, and Chairman Jerome Powell signaled that there was much more tightening on the horizon to help fight inflation. at its highest for 40 years. This benchmark interest rate, which adjusts borrowing costs between banks, also influences borrowing costs across the economy, including mortgages.

The 30-year fixed-rate mortgage is now just under 6%, compared to just under 3% at the same time last year, and that’s starting to seriously scare off buyers.

Boom and bust

Historically low interest rates during the pandemic have helped fuel an extremely competitive housing market, prompting mortgage lenders to recruit staff in order to meet the increased demand for housing finance.

  • From March 2021 to February 2022, the number of mortgage and non-mortgage brokers jumped 8%, according to the Bureau of Labor Statistics.
  • 1.8 million people worked in real estate last month, the highest number on record.

But like so many tech companies, these companies also realized they may have overhired during their pandemic growth spurt…

Better.com, the mortgage startup infamous for laying off people en masse on Zoom, has hired nearly 7,000 employees during the pandemic. But after three rounds of layoffs in the past six months, the company, which had around 10,000 employees in December, now has less than 5,000.

Joanna Yu, mortgage originator for US Bancorp, told Bloomberg: “In 2021, we basically had no life. …But from April, it was totally dead. It’s like vacation time.

Big picture: The housing market could see less of a crash and more of a return to typical conditions. Svenja Gudell, chief economist at Indeed and former chief economist at Zillow, told Bloomberg: “We are seeing this kind of normalization in many areas. … And I think housing is one of them. For example, more than 40% of door-to-door sellers in pandemic favorites such as Salt Lake City, Boise and Denver lowered their prices in May, according to Redfin.

However, these price cuts have not yet spread across the country. The median price of an existing home in the United States hit a record high of $407,600 last month.—MM

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Salt lakes real estate

CAPROCK Group Inc. takes position in Extra Space Storage Inc. (NYSE:EXR)


CAPROCK Group Inc. purchased a new stake in shares of Extra Space Storage Inc. (NYSE:EXR – Get Rating) in Q1, according to its latest disclosure to the Securities and Exchange Commission. The fund bought 1,392 shares of the real estate investment trust, valued at around $286,000.

Several other large investors have also recently bought and sold shares of the company. NuWave Investment Management LLC bought a new position in shares of Extra Space Storage during Q1 worth approximately $117,000. CHURCHILL MANAGEMENT Corp increased its stake in Extra Space Storage by 0.5% in the 1st quarter. CHURCHILL MANAGEMENT Corp now owns 56,304 shares of the real estate investment trust worth $11,576,000 after acquiring 258 additional shares during the period. Heartland Bank & Trust Co acquired a new stake in Extra Space Storage in Q1 worth $447,000. Veriti Management LLC acquired a new stake in Extra Space Storage in Q1 valued at $265,000. Finally, Strategy Asset Managers LLC increased its stake in Extra Space Storage by 36.8% in the 1st quarter. Strategy Asset Managers LLC now owns 5,374 shares of the real estate investment trust valued at $1,105,000 after acquiring an additional 1,446 shares during the period. 95.44% of the shares are held by hedge funds and other institutional investors.

EXR shares opened at $172.37 on Friday. The company’s 50-day moving average price is $180.64 and its 200-day moving average price is $195.49. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt ratio of 1.55. The stock has a market capitalization of $23.15 billion, a price/earnings ratio of 27.98, a PEG ratio of 2.65 and a beta of 0.46. Extra Space Storage Inc. has a 12-month low of $156.70 and a 12-month high of $228.84.

Extra Space Storage (NYSE:EXR – Get Rating) last released its quarterly earnings data on Tuesday, May 3. The real estate investment trust reported earnings per share (EPS) of $1.51 for the quarter, missing the consensus estimate of $1.86 per ($0.35). The company posted revenue of $379.81 million in the quarter, compared to $368.88 million expected by analysts. Extra Space Storage achieved a net margin of 50.76% and a return on equity of 23.42%. The company’s quarterly revenue increased 25.1% year over year. In the same quarter last year, the company posted earnings per share of $1.50. As a group, equity research analysts expect Extra Space Storage Inc. to post EPS of 8.25 for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 30. Investors of record on Wednesday, June 15 will receive a dividend of $1.50. The ex-dividend date is Tuesday, June 14. This represents an annualized dividend of $6.00 and a yield of 3.48%. Extra Space Storage’s dividend payout ratio (DPR) is currently 97.40%.

Several brokerages have published reports on EXR. KeyCorp lowered its target price on Extra Space Storage shares from $224.00 to $200.00 and set an “overweight” rating on the stock in a Thursday, June 16 research note. StockNews.com reduced shares of Extra Space Storage from a “buy” rating to a “hold” rating in a Wednesday, June 15 research note. Morgan Stanley lowered its price target on shares of Extra Space Storage from $172.00 to $156.00 and set an “underweight” rating on the stock in a Wednesday May 25 research note. Evercore ISI set a target price of $198.00 on shares of Extra Space Storage in a Monday, June 20 research note. Finally, Truist Financial lowered its price target on Extra Space Storage shares from $225.00 to $200.00 and set a “buy” rating on the stock in a Wednesday, June 1 research report. One research analyst rated the stock with a sell rating, five gave the stock a hold rating, and six gave the stock a buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $201.00.

Separately, CEO Joseph D. Margolis sold 5,000 shares of the company in a transaction dated Friday, April 1. The shares were sold at an average price of $208.34, for a total value of $1,041,700.00. As a result of the sale, the CEO now directly owns 62,035 shares of the company, valued at approximately $12,924,371.90. The sale was disclosed in a legal filing with the SEC, accessible via this link. 1.52% of the shares are currently held by insiders.

About additional space storage (Get an assessment)

Extra Space Storage Inc, headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and member of the S&P 500. As of September 30, 2020, the Company owned and/or operated 1,906 storage stores self service. in 40 states, Washington, DC and Puerto Rico. The Company’s stores comprise approximately 1.4 million units and approximately 147.5 million square feet of leasable space.

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Institutional Ownership by Quarter for Additional Space Storage (NYSE: EXR)



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Salt lakes real estate

Rezoning of Avenues ‘cottages’ gets green light despite strong neighborhood pressure

Facing strong opposition from hundreds of neighbors, Salt Lake City planners approved a rezoning of 3.2 acres of open space in the avenues to make way for new housing.

Ivory Homes, Utah’s largest homebuilder, sought to convert the land at approximately 675 North F Street from a long-standing foothills residential area, requiring minimum quarter-acre lots, into a special development zone, allowing lot sizes of less than half that duration and essentially doubling the number of houses Ivoire is allowed to build.

The change in density would allow Murray-based Ivory to adopt plans for what it calls Capitol Park Cottages, with 19 single-family homes, including five that would be custom-built. At least 14 of the homes would have built-in secondary suites, or ADUs, for a total of 38 new units on what is now green space at the north end of F Street on 13th Avenue.

(Francisco Kjolseth | The Salt Lake Tribune) Ivory Homes, Utah’s largest homebuilder, won a rezoning on Wednesday of a 3.2-acre lot at 675 North F Street in the Avenues of Salt Lake City, where he wants to build 19 high-end homes, 14 of them with accessory living units, or ADUs, inside and five built as luxury custom homes. Hundreds of neighbors opposed the project.

Ivory described the project as, among other things, an experimental demonstration of using denser construction with pre-built ADUs as a way to add more housing per acre for a city with a significant affordable housing shortage. .

The homebuilder won approval for the rezoning on Wednesday night, after more than two years of debate and four iterations of the hotly contested proposal. The 9-1 vote followed several hours of public testimony largely against the idea.

The change still requires a final vote by the Salt Lake City Council.

Peter Gamvroulas, project manager for Ivory, said the existing zoning of the property’s foothills – first adopted as part of a master plan in 1987 – was outdated and explicitly limited construction to larger and more more exclusive properties inaccessible to most potential residents.

“Not the best result for such a rare property in the city,” Gamvroulas said of the land, which Ivory purchased from The Church of Jesus Christ of Latter-day Saints.

And while the avenues master plan has not changed, the city’s planning and housing goals have, he said, “and they recognize that density is not something to be feared, and when it can be increased minimally and rationally, that’s a good thing.”

From “very low density” to “low density”

According to city documents, the zoning change would effectively change the site from “very low density” to “low density.” With approximately 10 units per acre, the property would be more densely built than surrounding blocks in upper avenues, but at or below densities per acre on many blocks in the neighborhood south of Seventh Avenue, judging by the city ​​maps.

Yet few of the housing projects of recent years have elicited this one’s organized opposition.

Neighbors worry about extra traffic and street safety, parking issues, loss of green space, air pollution, wildfire danger, compressed house setbacks surroundings and the idea that the project would be incompatible with the dominant character of the avenues, one of the oldest in the city. and the more affluent neighborhoods.

(Image courtesy of Ivory Homes, via Salt Lake City) An early open space design for Capitol Park Cottages, a new housing development proposed by Ivory Homes at approximately 675 North F Street in the Avenues neighborhood of Salt Lake City.

Nearly 60 residents testified on the proposal Wednesday, with only a handful in favor. Two organized community groups have also weighed in against Ivoire’s plans.

“We understand the city’s housing shortage and are prepared to accept a reasonable increase in density on this lot,” said Peter Wright of the Preserve Our Avenues Zoning Coalition, which emerged to fight rezoning.

“However, what Ivory has proposed is not reasonable,” Wright said. “It’s not even close to reasonable.

“These are big, tall, two-story homes with four or five bedrooms and three-car garages,” he complained, saying the dwellings would be “not typical” of mostly older single-story homes. and smaller ones in the neighborhood built less than half the size of what Ivory describes as “cottages.”

“Unaffordable housing”

Wright and others pointed to two community-wide polls organized by the Greater Avenues Community Council and a signature drive that drew thousands of participants, all with overwhelmingly unfavorable results for the project. Several others noted that house prices will likely exceed $1 million each and that ADUs will be rented at market rates.

“It’s not affordable housing,” said nearby resident Sara DeLong. “It looks like a for-profit corporation profiting at the expense of local residents, the safety of our children and potentially our home’s property values ​​due to increased traffic congestion.”

Gamvroulas countered that the Capitol Park Cottages project, which is still undergoing the city’s design approval process, was intended to expand housing options in an elite area of ​​the city “with good access to jobs, schools, parks and services, and generally a good location for additional families.

Avenues resident and Salt Lake City School Board member Katherine Kennedy reiterated student safety concerns at the prospect of adding cars to the steep streets of Avenues, which often lack sidewalks. Another resident, Gary Crittenden, warned of worsening wildfire dangers, pointing to a blaze that threatened the city’s Marmalade neighborhood a year ago.

“The high density of Plan d’Ivoire would both impede firefighting and put lives and property at risk,” said Crittenden, among others, who feared the increased density of homes could one day impede firefighting. emergency evacuation.

Opinion of the planning commission

Andres Paredes, the only commission member to vote against the rezoning recommendation, said he agreed with the comments about the uniqueness of the avenues and that “perhaps the density is in the wrong place”. .

“I think it negatively affects the neighborhood,” Paredes said, “so I’m still trying to figure out what’s on offer.”

Commission member Andra Ghent, who is also a professor of finance at the University of Utah and holder of the Ivory-Boyer Chair in Real Estate at the U. — a position staffed in part through philanthropic donations from Ivory — did not attend Wednesday’s meeting.

After public testimony, Commissioner Brenda Scheer said many of the comments against the project “seem a little over the top” for what amounts to adding 11 more housing units than what could be built under current zoning.

“I don’t think it’s fair to say it’s a disaster, it destroys character, it’s very high risk, it endangers children, it makes pollution worse. Salt Lake Valley air or it turns a diamond into a lump of coal,” Scheer said. “The families will be very happy to have the opportunity to live in a new house in the Avenues.”

But Scheer supported other concerns raised by residents about putting denser development in a neighborhood that is not particularly walkable and lacks access to public transport, as well as concerns regarding the loss of wildlife habitat and the mechanics of building new houses on sloping ground.

Commissioner Adrienne Bell, a resident of Avenues, said she does not believe the number of housing units proposed under the special development zoning is “outrageous, nor will it create the impacts we have heard about tonight”.

“I’m a big proponent of infill,” Bell said, “and that every neighborhood in the city should find opportunities to create density and alternative housing products.”

Commissioner Aimee Burrows commended residents for their involvement, calling the opposition well-organized, thoughtful and precise. “It’s a good neighborhood,” Burrows said. “No matter how many families settle on this land, they will be lucky to have you as neighbors.

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Salt lakes real estate

RangeWater launches construction company with 50-acre site to develop Build-to-Rent and multi-family product

RangeWater is building The Mabry and The Margot in Gwinnett County, Georgia.

“This community combines our conventional rental and multi-family building concepts into one development, showcasing our RangeWater design and vision for our home state,” said Steven Shores, President and CEO of RangeWater.

Minutes from Coolray Field in Gwinnett County, RangeWater Real Estate will deploy RangeWater Construction to build a beautifully designed community of townhomes, detached single family homes and rental apartments.

The multi-family developer has purchased 50 acres in one of Metro Atlanta’s hottest corridors, minutes from The Exchange @ Gwinnett, a mixed-use development anchored by Top Golf and Andretti Indoor Karting & Games, and a few Minutes drive to Coolray Minor League Baseball. Field, home of the Gwinnett Stripers.

“This is our second build-to-let neighborhood in Gwinnett County and our fourth multi-family project, so it’s fair to say that RangeWater is optimistic about this submarket,” said Brian Oates, director Executive General of Development at RangeWater. “Our team hasn’t delivered such a large residential offering since The Battery Atlanta, where we partnered to build over 800 units in the immediate vicinity of Truist Park. Plans for Gwinnett show a similar energy. Our ability to launch RangeWater Construction in tandem with the grand opening of The Margot makes this project even more exciting.

The company hired Alp Kirmizioglu as construction manager to oversee projects like The Mabry and The Margot. “With 11,000 units under active development in eight states, we knew the creation of an in-house construction division was necessary to support our long-term growth ambitions,” Kirmizioglu said. “This opportunity to build this project in our own backyard from the start is ideal.”

The Mabry will be part of the Storia division of RangeWater, the build-to-let (BTR) home portfolio launched in 2020. Storia is deploying $800 million of capital in the Sunbelt to build homes to rent, with active developments on along the Atlanta BeltLine; in San Antonio, Texas; and in North Boulder, Colorado. RangeWater has also developed the Beacon BTR community in Flowery Branch. In just two years, built-to-let neighborhoods now make up 15% of RangeWater’s overall management portfolio, with conventional multifamily making up the rest.

The Mabry, with 156 units, will offer a range of BTR options for people looking to rent a detached single family home or a townhouse. Floor plans will range from three to four bedrooms with two to three and a half bathrooms. Each floor plan will have its own courtyard or patio. The Mabry will have separate amenities, including a swimming pool, event lawn, dog park and walking path around a scenic pond.

Meanwhile, the Margot apartment community, with 332 units, will have a terraced English garden and native plant meadow with incredible views over an infinity pool, outdoor kitchen, event space and two dog parks.

The Margot is built with the work-from-home era in mind. The clubhouse will have work pods and study cabins. The Margot will also include an on-site cafe open not only to all residents, but also to the public and the surrounding community. The cafe will be the perfect place for residents working from home and busy commuters who need a quick coffee before work.

“This community combines our conventional rental and multi-family building concepts into one development, showcasing our RangeWater design and vision for our home state,” said Steven Shores, President and CEO of RangeWater. “I’m proud of our team for seeing the energy and potential in this area, as well as choosing The Mabry as an ideal project to dig our shovels in to launch RangeWater Construction.”

Privately held RangeWater was founded in 2006. The company acquires, develops, manages and invests in multi-family communities across the Southeast and Southwest United States, with a $6.3 billion portfolio.

RangeWater is expected to begin construction in July 2022, with plans to deliver the first units in September 2023.

About RangeWater Real Estate

RangeWater is a fully integrated, multi-family real estate company creating meaningful experiences for its partners, customers, residents and employees across the Sun Belt. The Atlanta-based company has acquired and developed more than 20,888 multi-family units since its inception in 2006, representing more than $6.3 billion in total capitalization. RangeWater currently manages a balanced portfolio of over 86,215 multifamily units in 11 states. With offices in Atlanta, Dallas, Denver, Tampa and Salt Lake City, RangeWater targets high job growth markets with demand for new housing. For more information, visit LiveRangeWater.com.

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Salt lakes real estate

Analysts offer forecast for Extra Space Storage Inc.’s earnings in the second quarter of 2022 (NYSE:EXR)

Extra Space Storage Inc. (NYSE:EXR – Get Rating) – KeyCorp investment analysts released their second quarter 2022 earnings per share (EPS) estimates for Extra Space Storage in a research note released to investors on Wednesday 15 June. KeyCorp analyst T. Thomas expects the real estate investment trust to post earnings of $2.07 per share for the quarter. KeyCorp currently has an “overweight” rating and a price target of $200.00 on the stock. The consensus estimate for Extra Space Storage’s current annual earnings is $8.25 per share. KeyCorp also released estimates for Extra Space Storage Q3 2022 earnings at $2.12 EPS, Q4 2022 earnings at $2.15 EPS, FY2022 earnings at $8.35 EPS, Q1 2023 earnings at $2.17 EPS, Q2 2023 earnings at $2.25 EPS, Q3 2023 earnings at $2.29 EPS, Q4 2023 earnings at $2.28 EPS and earnings of fiscal year 2023 at $9.00 EPS. Extra Space Storage (NYSE:EXR – Get Rating) last announced its results on Tuesday, May 3. The real estate investment trust reported earnings per share (EPS) of $1.51 for the quarter, missing the consensus estimate of $1.86 per ($0.35). The company posted revenue of $379.81 million for the quarter, compared to $368.88 million expected by analysts. Extra Space Storage achieved a net margin of 50.76% and a return on equity of 23.42%. The company’s quarterly revenue increased 25.1% year over year. In the same quarter last year, the company achieved EPS of $1.50.

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A number of other analysts have also published reports on the company. StockNews.com downgraded Extra Space Storage from a “buy” rating to a “hold” rating in a Wednesday, June 15 report. Truist Financial lowered its price target on Extra Space Storage from $225.00 to $200.00 and set a “buy” rating for the company in a Wednesday, June 1 report. JPMorgan Chase & Co. raised its price target on Extra Space Storage from $220.00 to $224.00 and gave the company a “neutral” rating in a Monday, April 4 report. Finally, Morgan Stanley cut its price target on Extra Space Storage shares from $172.00 to $156.00 and set an “underweight” rating for the company in a Wednesday, May 25 research note. . One research analyst gave the stock a sell rating, six gave the company a hold rating and five gave the company a buy rating. According to data from MarketBeat, Extra Space Storage currently has an average rating of “Hold” and an average price target of $203.90.

Shares of NYSE EXR opened at $159.47 on Monday. The company has a debt ratio of 1.55, a quick ratio of 0.53 and a current ratio of 0.53. The company has a market capitalization of $21.41 billion, a price/earnings ratio of 25.89, a PEG ratio of 2.52 and a beta of 0.46. The stock has a 50-day moving average price of $185.34 and a 200-day moving average price of $196.86. Extra Space Storage has a 52-week low of $156.70 and a 52-week high of $228.84.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 30. Shareholders of record on Wednesday, June 15 will receive a dividend of $1.50 per share. This represents a dividend of $6.00 on an annualized basis and a dividend yield of 3.76%. The ex-date of this dividend is Tuesday, June 14. Extra Space Storage’s payout rate is currently 97.40%.

In other news, CEO Joseph D. Margolis sold 5,000 shares of the company in a trade on Friday, April 1. The stock was sold at an average price of $208.34, for a total transaction of $1,041,700.00. As a result of the transaction, the CEO now directly owns 62,035 shares of the company, valued at $12,924,371.90. The sale was disclosed in a legal filing with the SEC, accessible via the SEC’s website. Company insiders hold 1.52% of the company’s shares.

Several hedge funds and other institutional investors have recently increased or reduced their stakes in EXR. Morgan Stanley increased its position in Extra Space Storage shares by 10.7% in the second quarter. Morgan Stanley now owns 473,972 shares of the real estate investment trust valued at $77,646,000 after acquiring an additional 45,864 shares during the period. HighTower Advisors LLC increased its position in Extra Space Storage shares by 264.6% in Q3. HighTower Advisors LLC now owns 6,381 shares of the real estate investment trust valued at $1,080,000 after acquiring an additional 4,631 shares during the period. Marshall Wace LLP increased its position in Extra Space Storage shares by 358.6% in the third quarter. Marshall Wace LLP now owns 25,376 shares of the real estate investment trust worth $4,263,000 after acquiring an additional 19,843 shares during the period. LPL Financial LLC increased its position in Extra Space Storage shares by 27.3% in the third quarter. LPL Financial LLC now owns 26,373 shares of the real estate investment trust valued at $4,430,000 after acquiring an additional 5,656 shares during the period. Finally, United Capital Financial Advisers LLC increased its position in Extra Space Storage shares by 1.2% in the third quarter. United Capital Financial Advisers LLC now owns 9,706 shares of the real estate investment trust valued at $1,631,000 after acquiring 116 additional shares during the period. 95.44% of the shares are currently held by hedge funds and other institutional investors.

About additional space storage (Get an assessment)

Extra Space Storage Inc, headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and member of the S&P 500. As of September 30, 2020, the Company owned and/or operated 1,906 storage stores self service. in 40 states, Washington, DC and Puerto Rico. The Company’s stores comprise approximately 1.4 million units and approximately 147.5 million square feet of leasable space.

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Historical and Revenue Estimates for Additional Space Storage (NYSE:EXR)

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

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Salt lakes real estate

Elder Cook calls Smithfield, Utah Temple a ‘lighthouse’ at groundbreaking

SMITHFIELD, Cache County – Two Apostles with roots in the Cache Valley were sent “home” Saturday by the First Presidency of The Church of Jesus Christ of Latter-day Saints to participate in the dedication ceremony of the Smithfield Utah Temple.

Quentin L. Cook and Gary E. Stevenson of the Quorum of the Twelve Apostles, both of whom grew up in the Logan area, gave talks and Elder Cook dedicated the site to construction with up to 600 people in attendance by a windy morning.

“I love this beautiful valley,” said Elder Cook, who also reflected on his youthful years playing sports in the area. “I’ve seen a lot of the world, but this peaceful valley surrounded by these majestic mountains still feels like home to me. It’s one of the most beautiful places on the planet.

The Smithfield Utah Temple grounds in Smithfield on Saturday, June 18, 2022.

Jeffrey D. Allred, Deseret News

“We believe it is no coincidence that Elder Cook and I are both Cache Valley boys and have this mission today,” Elder Stevenson said. “And we suspect that (the late) Brother (L. Tom) Perry is also interested today in what’s going on here.”

In his dedicatory prayer, Elder Cook expressed gratitude for the pioneer ancestors “who have gone before us and laid the foundations of a temple in the northern Cache Valley.”

“We pray that this temple will be a beacon for the communities it serves,” he said.

Quentin L. Cook and Gary E. Stevenson of the Quorum of the Twelve Apostles of The Church of Jesus Christ of Latter-day Saints.

Quentin L. Cook and Gary E. Stevenson of the Quorum of the Twelve Apostles of The Church of Jesus Christ of Latter-day Saints and their wives, Sister Lesa Stevenson and Sister Mary Cook, attend the temple groundbreaking from Smithfield, Utah to Smithfield on Saturday, June 18, 2022.

Jeffrey D. Allred, Deseret News

Why a second temple in Cache Valley?

Cache County has the second-highest concentration of Latter-day Saints in Utah (64%) and Idaho, according to the 2020 U.S. Census of American Religion.

“It is not surprising that the Lord would want an additional temple to serve faithful members in their efforts to provide sacred ordinances for deceased ancestors,” Elder Cook said.

A second temple in Cache Valley is an indication that the church continues to establish itself, the apostles said.

“A temple represents stakes and wards, and stakes and wards represent stakes of Latter-day Saints,” Elder Stevenson said. “It’s heartwarming and just beautiful to watch.”

The Smithfield Temple District will serve church members in the communities of Benson, Franklin, Hyde Park, North Logan, Preston, Richmond and Smithfield.

A second temple in Cache Valley will support “huge” growth in the area, said Darrell Simmons, a former Smithfield mayor who also serves as a patriarch in the church.

“The temple will have a huge impact on the future of this community,” said Darrell Simmons, who has lived in Smithfield for more than 40 years.

“We feel really lucky to have him,” said Ruth Simmons, Darrell’s wife.

The Smithfield Temple will be the 26th in the state of Utah. There are currently 172 dedicated temples around the world, with 50 temples under construction and another 60 announced.

“More than 85 percent of church members now live within 200 miles of a temple,” Elder Stevenson said.

“It’s all part of the great plan of happiness, the clear and precious truths of the gospel that inform us that we are children of a loving Heavenly Father who desires that we return and live in his presence and as his eternal family. Stevenson said.

The Poulsen family legacy

Before Elder Cook dedicated the property at 800 West 100 North to the Smithfield Utah Temple, it was farmland operated by the LaMont Poulsen family for more than 160 years.

Church realtors approached the family to purchase the 13.3-acre plot in 2018. It was not easy for the family to sell the land, but no one wanted to confront the ancestors in the other beyond and be the one who said “No”. “, reports the Herald Journal.

Zander Poulsen, LaMont’s 17-year-old grandson who attended the groundbreaking ceremony, has moved the pipe around the grounds with his cousin in recent years.

“We’re super excited,” he said. “We can look across the street and see the temple. It’s pretty crazy to think there will be a big temple sitting here.

Attendees listen during the dedication of the Smithfield Utah Temple in Smithfield on Saturday, June 18, 2022.

Attendees listen during the dedication of the Smithfield Utah Temple in Smithfield on Saturday, June 18, 2022.

Jeffrey D. Allred, Deseret News

“Volumes” of Faith

Lindsey Lott, a Latter-day Saint from Preston, remarked briefly on her ancestor William Woodward, who joined the church in England and traveled with the pioneers in Utah in the 1800s. He returned to Europe as missionary and returned home with handcart pioneers in 1856 as a clerk to Captain James G. Willie. The day after he arrived in the Salt Lake Valley, he received temple ordinances in the Salt Lake Endowment House.

“It says a lot about his faith,” said Lott, who was asked to focus on the subject, “How my ancestor’s faith led us to the building of the temple in Smithfield, Utah.” “I’m sure William is happy to have another temple built in Cache Valley.”

Lindsey Lott speaks at the dedication of the Smithfield Utah Temple in Smithfield on Saturday, June 18, 2022.

Lindsey Lott speaks at the dedication of the Smithfield Utah Temple in Smithfield on Saturday, June 18, 2022.

Jeffrey D. Allred, Deseret News

Return the ground

Government, education, business, interfaith and religious leaders were among more than 500 guests at Saturday’s groundbreaking, many of whom participated in the “turning of the ground” ceremony.

A strong wind blew for the duration of the event, which ruffled hair and forced speakers to hold their speeches tight, but also provided a breeze in the morning heat.

“My first feeling of having this wind with us was a little disappointing,” Elder Cook said. “Then the spiritual feeling came over me that for a lot of us who are fifth, sixth, and seventh generation members of the church, it’s kind of nice to have an element that pits us a bit against each other here. When you think of the Kirtland Temple and the Nauvoo Temple and think of our history, maybe having a little wind is a good memory of what our ancestors had to face in the pursuit of building temples .

After the dedicatory prayer and the earth-turning ceremony, Elder Cook and Elder Stevenson offered some playful mementos that had the crowd laughing.

Standing with a shovel in his hand, Elder Stevenson said: “My father always said, ‘A shovel handle is not something to lean on, Gary.’ »

“I remember more bean picking,” Elder Cook said.

Quentin L. Cook and Gary E. Stevenson of the Quorum of the Twelve Apostles of The Church of Jesus Christ of Latter-day Saints.

Quentin L. Cook and Gary E. Stevenson of the Quorum of the Twelve Apostles of The Church of Jesus Christ of Latter-day Saints and their wives, Sister Lesa Stevenson and Sister Mary Cook, attend the temple groundbreaking from Smithfield, Utah to Smithfield on Saturday, June 18, 2022.

Jeffrey D. Allred, Deseret News

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Salt lakes real estate

Life Science Talent Soars in Growth U.S. Markets: Report – Trade Observer

CBRE identified the country’s top 25 markets for life science talent amid a continued rise in the number of bio graduates entering the field, and the list shows that emerging hubs go far beyond the markets of coastal research for which the life sciences are primarily known.

The number of U.S. biological and biomedical science graduates nearly reached 164,000 in 2020, twice as many as 15 years earlier. Job growth in life science occupations – from bioengineers and biochemists to microbiologists and data scientists – has increased 79% since 2001 to around 500,000, boosting core markets like Boston and San Francisco, as well than emerging hubs like Nashville, Salt Lake City and Houston. For comparison, the overall employment growth rate in the United States during this period was 8%.

Even with this influx of talent, the unemployment rate for life, physical and social sciences was below 1% in April, CBRE said.

“There are millions of square feet of demand beyond current supply, vacancy rates are at an all-time low, and hiring continues to rise,” said Matt Gardner, CBRE Americas life sciences leader. “If you just look [the number of current clinical trials], the number of products in the pipeline is greater or wider than the industry has ever had before. … So this echelon that the industry has occupied for the past five years has resulted in a huge increase in new products and development.

Boston tops the list of top eight markets, followed by the Washington, DC-Baltimore area. Rounding out the list, the San Francisco Bay Area; New York and New Jersey; San Diego; Raleigh-Durham, North Carolina; Los Angeles and Orange County; and Philadelphia. Rankings are based on the number of jobs and graduates in the life sciences; the share of life sciences in the overall pool of jobs and graduates in each market; the number of doctorates in life sciences; and its concentration of jobs in the broader professional, scientific and technical services occupations.

The major population centers of Washington, D.C. and Baltimore, New York and New Jersey, Los Angeles and Orange County, Philadelphia and Chicago benefit from their prominent universities and industrial presence, according to the report.

“All of this growth continues to put intense pressure on commercial real estate,” CBRE said. Ian Anderson said. “We are at the lowest vacancy rate ever for laboratory R&D properties in the United States”

Tommy Cleaver, executive vice president of CBRE, told Commercial Observer that the life sciences industry in Washington, D.C. and Baltimore depends on the highest share of people employed in professional, scientific and technical services at 15.4 %, as well as one of Ph. .RE. populations.

“Only Boston-Cambridge, San Francisco Bay Area and Raleigh-Durham have comparable concentrations,” Cleaver said. “Washington, DC/Baltimore is one of only four markets with over 25,000 scientists and has more biological scientists and microbiologists than any other market in the country.”

Cleaver also said salaries for life science researchers in Washington, DC and Baltimore are more favorable in terms of the local cost of living than other major coastal centers.

“Our region is one of the strongest in the country, as evidenced by recent acquisitions by a number of top sponsors, including Boston Properties, Beacon Capital Partners, Director, Oxford, longfellow, Trammell Crow, among others, which will introduce much needed supply to a market with a vacancy rate below 1%,” he said. “The market is on the verge of significant growth.

The New York and New Jersey market had the highest number of annual biological and biomedical science graduates on the list, with more than 2,000 more new graduates than the second-largest market of Los Angeles and Orange County. According to CBRE, New York and New Jersey granted 9.8% of all doctorates in biological and biomedical sciences, the highest of any market in the country. Additionally, New York/New Jersey received $3.4 billion in NIH funding, the largest commitment to a market in the United States in 2021.

“The New York/New Jersey area boasts some of the best research talent in the nation, produced by renowned educational institutions,” CBRE said. Joesph De Rosa said in a statement. “We have more chemists in New York/New Jersey than any other market in the country, as well as one of the highest numbers of doctors”

Anderson said industry leaders will confirm that their short-term and long-term outlook is very strong.

“The amount of innovation that’s happening continues to be remarkable,” he said. “There has been a downturn in the funding and equity markets. But the number of investors looking for deals is still at an all-time high. … It’s hard to find a metro area that doesn’t want to be part of this revolution at this point.

Gregory Cornfield can be reached at [email protected].

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Salt lakes real estate

Commercial real estate title NFT mints in Utah

Salt Lake City – Future House Studios, a Utah virtual reality and Metaverse company, showed its commitment to the future of blockchain technology by hitting its office act as NFT, the first time a building office space was put on blockchain and the first time using a new legal model that promises to allow real estate to remain and transact on blockchains indefinitely with dramatically reduced transaction costs.

Those in the space know that blockchain innovation is coming to real estate. Several residential properties have transacted on the blockchain over the past two years. However, obstacles remained. These previous models required the use of a legal entity, such as a limited liability company, to hold title to the property. This required owners to pay an annual maintenance or franchise tax, which generally produced undesirable tax consequences for owners and limited the insurability of titles.

A group of Harvard-trained blockchain lawyers and software engineers created TruMint to make the legal sale of real estate as easy as transferring any other NFT, with added security measures, and in a way that all real estate purchase requirements are met. in all 50 states. William Barlow, a cryptography lawyer and co-founder of TruMint, said: “We have created a legal vault that effectively places real-world title in cold storage which then allows a ‘digital deed’ NFT to transact on-chain indefinitely. At any time, the NFT holder can retrieve the real-world title by returning the NFT “key” to the vault. This method will significantly reduce the cost and hassle of selling and buying real estate. It’s as simple as electronically signing transfer documents and then transferring the NFT from one wallet to another.

This step is just an extension of what Future House Studios was already doing to show its commitment to blockchain technology. Future House Studios Founder Adam Sidwell explained “in the near future, our office will exist as a 3D world where remote team members from LA to NY to Brazil and around the world can come to collaborate and work with the site, en -members of the office team in a metaverse. We are truly a studio built in the metaverse. As an extension of this commitment, we have worked with TruMint to mint our company’s office title in an NFT that we hold in a wallet and can transfer to the blockchain.

Ephraim Olson, Utah tax and crypto attorney and co-founder of TruMint, said, “We are excited to be working with Future House Studios to creatively leverage blockchain technology to make it easier to sell and buy goods. real estate. Our companies both believe in this technology and that it will be the future of real estate transactions. We believe the solution we have developed will revolutionize the way real estate transactions are conducted and potentially allow ownership of any real-world asset to be recorded on a public blockchain and then transferred, bought and sold. indefinitely, with greater efficiency and at lower cost.

Studios of the future house

Future House Studios is an award-winning Metaverse creative company. The studio has assembled a team of artists and engineers from top film, game, and VR studios including IndustrialLight+Magic, Weta, Disney, Epic Games, Microsoft, Activision-Blizzard, Electronic Arts, Digital Domain, Within, etc. Future House team members have extensive experience creating blockbuster movies, AAA games, virtual entertainment, virtual reality and augmented reality experiences, hit TV series and commercials, and even virtual concerts for Sonic the Hedgehog and Steve Aoki, Kaskade, and supported Wave on the Justin Bieber, Weeknd and Teflon Sega virtual concerts. Future House also created metaverses for George W. Bush and George Clooney. Anyone interested in learning more about Future House Studios should contact Adam Sidwell at [email protected]

TruMint

TruMint is a blockchain technology company at the forefront of moving real estate and real estate transactions to blockchain in a sustainable and permanent way. Anyone interested in exploring real estate deployment on the blockchain or better understanding the technology should contact the TruMint team at [email protected]

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Salt lakes real estate

Battle over affordable housing, preservation takes hold in new Salt Lake neighborhood

Yalecrest Ward Council President Janet Hemming speaks about a citywide affordable housing plan during a meeting at Bonneville Elementary School Thursday night. The plan will not affect neighborhood zoning. (Carter Williams, KSL.com)

Estimated reading time: 6-7 minutes

SALT LAKE CITY – Yalecrest, on the east side of Salt Lake City, is a quiet, folksy neighborhood essentially nestled in the scenic foothills that rise above.

The neighborhood’s winding streets are dotted with English Tudor and English Cottage single-family homes and pleasant scenery. It’s a slice of the American Dream that has remained untouched for so long that it’s listed on the National Register of Historic Places.

It’s also at the center of a new city affordable housing plan that could upend much of the neighborhood through rezoning.

That possibility is why more than 100 residents crowded the gymnasium at Bonneville Elementary School on Thursday to voice their opinions on the matter; the majority of people who showed up seemed to be against the plan.

“It’s an issue that affects a lot of people,” said Janet Hemming, president of the Yalecrest Neighborhood Council. “At the end of the day, there’s a right way and a wrong way to create affordable housing and that’s the wrong way, in our view.”

Need an affordable housing plan

Affordable housing is certainly something that has been on the minds of leaders in Salt Lake City and Utah over the past few years. The median sale price of all homes in Salt Lake City rose from $259,000 in 2015 to $481,750 in September 2021, an increase of 86%.

Nigel Swaby, a Salt Lake real estate expert and member of the Fairpark Community Council, said there were many reasons why Salt Lake City — and Utah in general — found itself in this predicament. While he hears all the time that California, investors, corporations and rental housing tech companies are driving the price hike, he says Utah’s high birth rates, zoning laws and community opposition also play a role.

Another problem is the lack of condominiums. That, he said, came after the Great Recession led to thousands of condo foreclosures, likely prompting developers to focus primarily on new apartments over the past decade. The COVID-19 pandemic has only added fuel to the affordability fire.

Whatever the cause, soaring housing prices prompted Salt Lake City Mayor Erin Mendenhall to focus on the issue during her State of the City Address earlier this year. The city then needed about 18,000 affordable housing units. The mayor said the massive shortage is why the city needs to come up with “creative” solutions to the problem.

The Salt Lake City Planning Commission then unveiled the draft proposal for a new affordable housing incentives plan last month. It highlights Yalecrest and the neighborhoods surrounding it as one of the main areas for single-family and two-family plots, which would be rezoned into larger properties that would essentially double the area’s population.

The plan could result in three or four family houses with a maximum height of three floors. Since the neighborhood is close to a few public transit options, areas closest to 15-minute buses are more likely to be adjusted. There are also restrictions on 30-year deeds aimed at keeping all new construction affordable.

“It’s not massive density,” Swaby said, stifling questions from residents that the neighborhood might end up like places closer to downtown.

A community reaction

However, several residents have still expressed concerns about what this means for their homes and even for the history of the neighborhood listed on the Historic Register in 2007. This listing does not guarantee that some historic homes will survive the new code, Lynn said. Pershing, the founder of an organization called KEEP Yalecrest.

She said it is possible to add historic protections to the neighborhood, but this must be approved by the majority of residents in the neighborhood and then by city leaders. Meanwhile, local attorney and Yalecrest resident Brian Burnett said he was unsure how the city would be able to enforce restrictions on deeds that would keep housing affordable.

Hemming added that the city should also start to consider the water shortage, as it also plans to add more housing, given the extreme drought the city still faces and the uncertainties of change. climatic.

None of the expert guest speakers were involved with the plan itself or the planners. A Salt Lake City spokesperson said the city’s planning director attended the event to listen to public comment, though city leaders say they weren’t invited to to participate.

A panel of neighborhood experts listen to questions from Yalecrest residents during a meeting at Bonneville Elementary School in Salt Lake City Thursday night.
A panel of neighborhood experts listen to questions from Yalecrest residents during a meeting at Bonneville Elementary School in Salt Lake City Thursday night. (Photo: Carter Williams, KSL.com)

Not everyone at Thursday’s meeting was against the plan either. Atticus Edwards, a 25-year-old man who said he has lived in the neighborhood his entire life, spoke of Salt Lake City’s darker history of covenants banning minorities from living in single-family homes in the area. Utah is still in the process of removing racist language from old property records across the state.

He caused a stir at the meeting by asking what neighborhood residents are willing to do now to help affordable housing given this history.

Community leaders in Yalecrest say they appreciate efforts to tackle soaring house prices, but they don’t believe the plan they’ve seen so far is the answer. Their concerns are not the result of NIMBYism, argues Hemming.

“We want to get to ‘yes’. We’re not obstructionists; we’re just trying to be good citizens and point out some of the problems, some of the damage,” she said. “We hope we had a good discussion together. We can improve it and make it better and (have something) that we can all agree on and move forward.”

What happens next?

The Salt Lake City Planning Commission is not expected to receive an update on the affordable housing plan until this fall, according to the city’s website. The Salt Lake City Council must also vote on it before it goes into effect.


If we don’t (speak loudly), it will just pass and people will find out.

–Janet Hemming, Yalecrest Ward Council President


Concerns about this process also emerged during the meeting. Burnett said he took the proposal to Mendenhall after an altercation with her shortly after the plan was produced, alleging the mayor mocked her feelings about it.

“She’s going to get this through even if it’s representative government,” he said, as some gasped and groaned in the audience. “Although, in my community council, people were against it too much. I think she really intends to push this through.”

A spokesman for Mendenhall’s office was unable to confirm this run-in, but disagreed with the statement, saying the mayor is “certainly supportive and committed to the process of public consultation on these questions,” in a statement to KSL.com.

As the city continues to gather feedback on the housing plan, Hemming says it is hosting events similar to Thursday’s at nearby community boards in the coming weeks. Its goal is to bring the plan to residents while the city is still in its public consultation process – before it is approved by city leaders.

“If we don’t (talk), it’s just going to pass and people are going to find out,” she said. “We hope there will be a lot of changes. We hope the city listens to its people.”

Related stories

Latest Salt Lake County Articles

Carter Williams is an award-winning journalist who covers general news, the outdoors, history and sports for KSL.com. He previously worked for the Deseret News. He is a transplant from Utah via Rochester, New York.

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Salt lakes real estate

Why a major Chinese influencer was taken offline – Foreign Policy

welcome to Foreign Police‘s China Brief.

This week’s highlights: China’s censors pull a ecommerce influencer offline for a perceived reference to the Tiananmen Square massacre, Western officials say China is secretly building a naval base in cambodiaand Chinese leaders are concerned about the agricultural sector after weeks of confinement linked to COVID-19.

If you would like to receive China Brief in your inbox every Wednesday, please sign up here.

welcome to Foreign Police‘s China Brief.

This week’s highlights: China’s censors pull a ecommerce influencer offline for a perceived reference to the Tiananmen Square massacre, Western officials say China is secretly building a naval base in cambodiaand Chinese leaders are concerned about the agricultural sector after weeks of confinement linked to COVID-19.

If you would like to receive China Brief in your inbox every Wednesday, please sign up here.


Censors silence popular influencers

June 4, the anniversary of the 1989 Tiananmen Square massacre – in which People’s Liberation Army (PLA) forces killed hundreds, if not thousands, of protesters and crushed demonstrations across the country – is a difficult time in China. In Hong Kong, the public once freely commemorated the massacre. This year, authorities again used the national security law passed in 2020 to block rallies; six people were arrested.

In mainland China, the birthday has had an unexpected victim: e-commerce influencer Li Jiaqi, widely known as “Lipstick Brother” or “Lipstick King”. During a live broadcast on June 3, Li received a cake that looked like a tank. Censors quickly took the show offline, and it did not return, with Li’s team citing “technical difficulties”. Early June is prime time for online shopping ahead of June 18, the second busiest day in China for online sales. But Li’s name now returns blank results on search platforms, even on e-commerce sites.

Li and his team probably didn’t plan for the tank footage to coincide with the Tiananmen Square anniversary. Military equipment is often beautifully replicated in China, with even playgrounds bearing images of armored personnel carriers or helicopters; a cake that looks like a reservoir is not an unusual idea. Nor does Li’s track record suggest a willingness to burn his online empire for a token gesture. As his nickname suggests, Li specialized in selling cosmetics and rose to prominence a few years ago for marathon lipstick application sessions.

Streaming is a huge and competitive business in China. In 2019, Li was worth a few million dollars. But his popularity has skyrocketed during the coronavirus pandemic: he now has more than 40 million followers on Douyin, China’s version of TikTok, and he’s sold a record $1.9 billion worth of products through the leading platform. Taobao e-commerce in a single day last year. (It was Singles Day, the Chinese equivalent of Black Friday.)

Toeing the government line, last year Li shied away from promoting international products, doubled down on his patriotic language and encouraged his viewers to buy Chinese-made products. It seems the tank cake was an unfortunate coincidence that sensitive censors pounced on – a kind of paranoia that is common during tense times in Chinese politics. But the fact that neither Li nor his team spotted the potential error speaks to the success of the silence around Tiananmen. Successful Chinese influencers are sensitive to political dangers; Li hadn’t scheduled a live stream for June 4, suggesting he was at least aware it was a sensitive date.

However, many young Chinese are unaware that the Tiananmen Square Massacre happened. On diaspora social media, some nationalists claim that the students and workers who were killed were terrorists or that the violence was justified. But even these pro-government arguments are censorship within mainland China. Paradoxically, the censors’ paranoia may have made more people aware of the massacre, as they search still uncensored foreign forums or websites for details of what happened to Li.

It is unclear what will happen to the influencer. It could well return, chastened, to streaming in a week or two. But he was already vulnerable for other reasons, thanks to a government homophobic push that began last year. Li doesn’t talk about her personal life, except for her five Bichon Frizes. But in his public persona – a man selling women’s beauty products to an audience he addresses as “sisters” – he operates in an established but fragile space for artists who do not conform to conventional masculinity.

Li had so far dodged crackdowns on “non-male” artists and streamers. But in China under President Xi Jinping, the combination of tanks around June 4 and lipstick on men could bring down a marketing empire.


Secret naval base. The Washington Post reports that Western officials say China is secretly building a naval base in Cambodia, a close ally. The facility would be only the second overseas base for the PLA, following the construction of the base in Djibouti in 2017; like Djibouti, it appears to be relatively small, with room for only two ships.

Beijing has long backed Cambodian Prime Minister Hun Sen, who has cracked down on dissent since his government forcibly dissolved the country’s political opposition in 2017. That has raised fears among observers that Cambodia is too eager to appease China – a stark contrast to neighboring Vietnam, which stands at a distance from the government in Beijing.

Of course, Washington has little reason to criticize other countries for investing in overseas military bases or to chastise Cambodians for being skeptical of overtures from the United States, which has killed Cambodian civilians in campaigns. bombing sites during the Vietnam War. But the Chinese naval base is still likely to bolster military officials who fear Beijing’s expansion into Southeast Asia and the Pacific.

Is Eileen Gu American now? Olympic freestyle skier Eileen Gu, whose decision to join the Chinese Olympic team caused a stir this year, announced this week that she would be an ambassador for Salt Lake City‘s bid for the Winter Olympics. This decision brings back the scrutiny of Gu’s nationality. Chinese law does not allow dual nationality, but it seems likely that the Olympian kept her American passport. This has prompted complaints of special treatment in China – a resentment that has already boiled over against Gu online.

Threads about Gu’s decision to back Salt Lake City’s bid have racked up hundreds of millions of views, with some commenters accusing him of using China for financial gain and then backtracking to take advantage of states -United. Gu said she felt American in the United States and Chinese in China; but for a public figure, this kind of dual identity is difficult to maintain in intensified nationalism.

Shanghai’s lockdowns aren’t over. Although Shanghai has announced its “victory” over COVID-19 and reopening on June 1, the city is still experiencing regular closures of residential complexes and new neighborhood restrictions, with hundreds of people at a time sent to facilities. centralized quarantine. As Eyck Freymann and Yanzhong Huang argue in Foreign Police, China’s zero COVID policy is unlikely to end anytime soon. Sudden shutdowns are expected to persist across the country.

Mass testing gets less attention than lockdowns, but it’s a big drain on people’s time. I recently received two calls from people in China interrupted by health care personnel who knocked on the door demanding that residents come in for testing. Meanwhile, leaving China has become increasingly difficult despite a huge increase in interest in emigration among Chinese citizens.


Bring in the harvest. Although much attention has focused on restarting manufacturing, China’s political leaders appear preoccupied with agriculture in the wake of COVID-19 shutdowns that have left fields fallow. With rising world grain prices following the Russian invasion of Ukraine, the domestic harvest is even more critical.

Chinese Premier Li Keqiang, the contact person for logistics resumption, recently addressed wheat farmers via video and issued special instructions to prioritize harvesting, which begins as early as late May in the south. . China is unlikely to have food problems, but the Chinese Communist Party (CCP) is exceptionally sensitive to food price increases; Anti-food waste campaigns are one of Xi’s flagship initiatives.

Housing woes. Real estate continues to be a silent disaster for the Chinese economy despite numerous government efforts to boost the sector. New home sales have fallen for 11 consecutive months and hit a nadir in May, falling 56% from a year earlier. This has destroyed the fortunes of many developers and threatens to disrupt the economy; real estate accounts for about 29% of China’s GDP.

The crisis has political ramifications. The wealth of China’s top political families is deeply tied to the real estate sector, one of the areas where it is easiest to trade political attraction for economic gain. Between 2004 and 2016, companies linked to central CCP members were able to obtain discounts of around 55% on land compared to unconnected companies; local party secretaries who offered the discounts were more likely to rise to power.

Whose family fortunes are crumbling and who can make the best deals from the wreckage will largely depend on who wins the struggles to come as Xi cements his third term.

Inflation revives tariff fights. There are serious debates within the Biden administration over former US President Donald Trump’s China tariff waiver, prompted in part by serious corporate lobbying that argues the measure would boost the economy and would help fight inflation. But the unions argue otherwise, and while US President Joe Biden has expressed some openness to the idea, the arguments seem unlikely to be resolved anytime soon given the other crises.

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Salt lakes real estate

Bridge Investment Group Closes $150 Million Senior Notes and Refinances its Senior Secured Credit Facility

SALT LAKE CITY–(BUSINESS WIRE)–Bridge Investment Group Holdings Inc. (NYSE: BRDG) (“Bridge” or the “Company”) today announced that it has completed the closing of $150 million of senior notes and refinanced its facility senior secured credit facility (“Credit Facility”), increasing it from $75 million to $125 million.

On June 3, 2022, the Company entered into a $150 million note purchase agreement pursuant to which its operating company, Bridge Investment Group Holdings LLC, issued two tranches of notes in connection with an offering private with a weighted average interest rate of 5.05% on the date of issue. Transaction includes $75 million 5.00% 10-year notes due July 12, 2032 and $75 million 5.10% 12-year notes due July 12, 2034 .

In addition, the Company refinanced a $75 million line of credit that was scheduled to mature in July 2022. The new credit facility was increased to $125 million and matures on June 3, 2024 (subject to extension in certain circumstances). In addition, the new credit facility can be increased up to $225 million, subject to certain criteria being met.

“These transactions strengthen our balance sheet and give us increased flexibility to continue to take advantage of organic and inorganic opportunities to accelerate growth,” said Katie Elsnab, the company’s chief financial officer. “We appreciate the support of our debt capital partners and look forward to working closely with them as we continue to pursue our attractive opportunity set.”

For the credit facility, CIBC, Inc. and Zions Bancorporation, NA d/b/a Zions First National Bank acted as co-lead arrangers.

The Notes have not been and will not be registered under the Securities Act of 1933 or the securities laws of any state or other jurisdiction and may not be offered or sold in the United States or any other jurisdiction in the absence of registration or exemption from registration requirements. of the Securities Act of 1933 and applicable securities laws of any state or other jurisdiction.

About Bridge Investment Group

Bridge is a leading vertically integrated real estate investment manager, diversified across specialty asset classes, with approximately $38.8 billion in assets under management as of March 31, 2022. Bridge combines its operating platform nationwide with dedicated teams of investment professionals focused on select U.S. real estate. real estate verticals: residential leasing, offices, development, logistics real estate, net lease and mortgage backed by real estate.

Forward-looking statements

This press release contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, which relate to future events or our future performance or financial condition. All statements other than statements of historical fact may be forward-looking statements. In some cases, you can identify forward-looking statements by words such as “outlook”, “could”, “believe”, “expect”, “potential”, “opportunity”, “continue”, “may”, ‘will’, ‘should’, ‘over time’, ‘seeks’, ‘predicts’, ‘intends’, ‘plans’, ‘estimates’, ‘anticipates’, ‘expects’ or negative versions of these words, other comparable words or other statements that do not relate to historical or factual matters. Accordingly, we caution you that these forward-looking statements are based on our beliefs, assumptions and expectations as of the date of our future performance, taking into account all information available to us at that time. These statements are not guarantees of future performance, conditions or results and involve a number of risks and uncertainties that are difficult to predict and beyond our control. Actual results may differ materially from those expressed or implied in forward-looking statements due to a number of factors, including, but not limited to, the risks described from time to time in our filings with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it is made. Bridge Investment Group Holdings Inc. undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by law.

Nothing in this press release constitutes an offer to sell or the solicitation of an offer to buy securities of the Company or any investment fund managed by the Company or its affiliates.

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Salt lakes real estate

New luxury residential apartment complex opens in downtown Salt Lake City, Utah

SALT LAKE CITY (ABC4) – Locals and newcomers can look forward to the opening of a brand new residential apartment complex in downtown Salt Lake City.

The new complex, called “the RANDY” is a “mixed-use infill urban housing complex” located in the heart of downtown at 218 South 200 East. The project was built by CW Urban, a Centerville-based real estate developer.

The six-story building has 61 residential units with unit configurations ranging from a studio to three bedrooms.

Residents can enjoy amenities such as quartz countertops, stainless steel appliances, gas ranges, 10-12 foot ceilings, private balcony, rooftop terrace with barbecue grills, parking garage at state-of-the-art technology, EV charging and more.

The outdoor rooftop patio spans 4,220 square feet and offers a canopy, gazebos, fire pits, and stunning views of the downtown Salt Lake City skyline. Residents can enjoy some of the city’s most popular bars, restaurants and shops within walking distance.

Residents will benefit from a “three-story mechanical parking garage system that will maximize space by stacking and organizing vehicles vertically and horizontally into assigned stalls,” the company explains. “Due to the strict constraints of the site, this cutting-edge parking system allows cars to be taken off the street while making the best use of limited space. »

A bus stop on the right is conveniently located in front. Cyclists have the option of using the building’s long-term conditioned bicycle storage.

To learn more about the new residence, Click here.

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Salt lakes real estate

BlackRock and Cadre team up for apartment building in Salt Lake City, UT where housing prices have risen more than 50%

The real estate investment platform Frame yesterday announced its partnership with BlackRock’s noir BlackRock Impact Opportunities Fund to acquire The Harvest at Marmalade Apartments, a 252-unit multifamily asset in downtown Salt Lake City, Utah.

The BlackRock Impact Opportunities Fund launched in 2021 with a $1 billion goal to uncover investment opportunities in undercapitalized businesses and communities ready to grow.

The latest acquisition will bring Cadre’s total number of actively managed multi-family investments to 16 assets. According to the company’s website, most of its active multi-family investments have a value-added strategy, which involves making improvements to a property in order to add value through increased rent collections.

Related: New multi-family real estate investment offering in the San Francisco Bay Area with a target IRR of 15.8%

According to a FOX 13 article, Salt Lake City has seen the third-highest rent increase in the past three years of all major US metros, while house prices have risen 50% in the past two years. The median home sale price in Salt Lake City is $562,500, nearly 25% higher than the national average.

Institutional investors have been aggressive in acquiring multi-family and single-family rental properties as demand for rental housing continues to soar due to increasingly unaffordable homeownership.

Over the past three years, the sale price of existing homes in the United States has increased by 40.62%, while the median income of American families has increased by only 13.62%. Recent interest rate hikes have only made the affordability problem worse, leaving many families with no choice but to rent.



Data source: Ycharts

Retail investors have also taken note of this growing demand for rentals. Investment activity on property investment platforms that offer co-ownership of income-generating properties or access to crowdfunding deals has increased significantly since the start of 2021. Most of the properties offered on these platforms are multi-family assets, single-family rental homes and build-to-let community developments.

Related: Jeff Bezos ups his bet on the single-family housing market

While some worry about an impending real estate crash, Moody’s Analytics estimates the housing shortage is more than 1.5 million homes nationwide. The shortage could mean a prolonged period of inflated house prices and continued rising demand for rentals across the country.

Photo by Andrew Zarivny on Shutterstock

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Salt lakes real estate

Suspect allegedly used stolen credit card at Destiny USA

Authorities need help identifying suspects in two separate cases.

Police are asking for the public’s help in identifying a person whose image was captured by a surveillance camera.

The individual, who appears to be male, is wanted for questioning in connection with an ongoing robbery investigation by New York State Police in Lysander.

Kay Jewelers suspect Photo credit: New York State Police (May 2022)

Kay Jewelers suspect Photo credit: New York State Police (May 2022)

The individual photo is, according to a written NYSP statement, “wanted for [allegedly] using a stolen credit card to purchase approximately $9,000 worth of jewelry from Kay Jewelers in Destiny USA in April 2022.”

Kay Jewelers suspect (cropped original image) Photo credit: New York State Police (May 2022)

Kay Jewelers suspect (cropped original image) Photo credit: New York State Police (May 2022)

Police search for robbery suspect in West Monroe

Police are also still looking for this suspect in West Monroe:

He allegedly took items from the store without paying for them.

Anyone with information about the identity of any of the people in the photos, or with information that would be helpful to either investigation, is asked to call police at: ( 315) 366-6000.

Anonymous calls, emails and messages can also be left with Mohawk Valley Crime Stoppers by dialing: 1-866-730-8477 (ADVICE)by visiting www.mohawkvalleycrimestoppers.com, or by using the P3 Tips Mobile App. All information received by Mohawk Valley Crime Stoppers is 100% confidential.

[AUTHOR’S NOTE:   This post is for informational purposes and is based largely on information received from the New York State Police.  The reader is reminded that all suspects and arrested persons are innocent unless proven guilty in a court of law.  At the time of this posting no additional information is available.]

13 famous people who went missing and were never found

Check out 13 famous people and celebrities who have gone missing below.

Divers have discovered interesting sunken treasures at the bottom of Lake George

Cameron Diaz and Benji Madden Buy $12 Million Montecito Mansion

Here’s a look at the celebrity couple’s latest addition to their real estate portfolio.

WATCH: Food story from the year you were born

From product innovations to major recalls, Stacker has studied what’s happened in food history every year since 1921, according to government news and sources.
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Salt lakes real estate

Monroe, Conn. : A “family-centric” community with a small-town feel

Mike Korchinski, branch vice president of Coldwell Banker Realty, cited a 16% increase in home prices in Monroe last year and another 4% increase in the first quarter of 2022. “We are on the point of increasing 12% annually for 2022,” he said. “That’s astronomical.”

But that hasn’t stopped buyers. Jane Ferro, sales associate for the Levinson Ferro team at Coldwell Banker, said sellers were receiving multiple offers within days of listing their homes. “Inventory is low, buyers are coming in droves, and it’s all happening too fast.”

Based on information provided and compiled by SmartMLS, Inc., as of May 17, there were 18 single-family homes on the market, starting with a 1,568-square-foot three-bedroom Colonial built in 1955 on 0.23 acre and listed for $190,000, to a six-bedroom, 6,942-square-foot Colonial home built in 1993 on 2.86 acres and listed for $1.749 million. There were 10 condominiums for sale, from a 1,671 square foot two bedroom built in 1994 and listed for $350,000, to a 2,456 square foot two bedroom built in 2022 and listed for $579,900. There was a multi-family home on the market, a 3,591-square-foot, five-bedroom home listed at $539,900.

The median selling price for a single-family home in the 12 months ending May 17 was $485,000, down from $440,800 in the previous 12 months. For multi-family homes, the median price was $429,500, down from $470,000 in the previous 12 months. For condominiums, the median price was $302,500, up from $235,000.

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Salt lakes real estate

FDEP sends St. Joe Co. a warning letter regarding the work of Watersound Origins

INLET BEACH — After three inspections of the ongoing development of Watersound Origins, a massive residential project in southeast Walton County, the Florida Department of Environmental Protection issued a warning letter to St. Joe Co., the developer of the project.

The May 11 letter says inspections of Phase 7 of the project, located east of Splash Drive and south of Sawbuck Drive, revealed “possible violations” of state environmental laws and administrative regulations of the State regarding the authorization of activities involving environmental resources.

Also in Inlet Beach:‘Everyone is floored’: Inlet Beach residents outraged after iconic pier removed without warning

Oyster Lake Beautification:Walton County TDC, nonprofits design solution to waste problem

The warning letter is “…part of an agency investigation, preliminary to agency action…” in accordance with state law.

Specifically, the letter informs St. Joe that during inspections on March 17, March 29, and May 3, FDEP personnel noted both “unauthorized activities in wetlands” and “violations of the water quality (which) have occurred as a result of dewatering activities”.

In real estate development, dewatering is the process of removing surface water and/or groundwater (water that sits underground in cracks and other spaces in the ground, the sand and rock) of a site.

In recent weeks, residents near Watersound Origins, which is located north and east of US Highway 98 near Inlet Beach, have reported silt flowing into nearby Lake Powell, which , at 800 acres, is the largest coastal dune lake in the world and also a state-designated Pristine Florida Waterway.

Coastal dune lakes, which connect to nearby saltwater bodies (in the case of Lake Powell, the Gulf of Mexico) by periodic breaches across beaches, are an extremely rare ecological phenomenon, existing only in a few places on Earth.

“what happens to the (aquatic) life forces in the lake” over time.

Loss of wetlands:Florida has lost 44% of its wetlands since 1845. What is the environmental impact?

Going forward, Jaffe said he and other residents around the lake, while not expecting development work to stop, expect St. Joe to be diligent. reasonable as far as the lake is concerned. In the meantime, Jaffe added that he and his neighbors will closely monitor St. Joe’s work on the site.

“We live here,” Jaffe said. “They’re just trying to make money here.”

An aerial photo shows land cleared for the St. Joe Watersound Origins development next to Lake Powell in South Walton County.  St. Joe recently received a warning letter from the Florida Department of Environmental Protection and says it has taken steps to ensure the issues are resolved.

St. Joe had no one available for comment when contacted late last week, according to Mike Kerrigan, the company’s vice president of marketing and communications. The company, however, emailed a statement to the Daily News.

“Upon notification of the offsite disruptions, we began taking corrective action,” the company said in the statement. “We have discussed our concerns with the independent site contractor carrying out the work for this project and have emphasized the importance of correcting the issues immediately.”

The statement also noted that St. Joe’s representatives “…met on site with an environmental consultant, the site contractor and the FDEP to review corrective actions.”

In the days that followed, the company said the environmental consultant was performing daily stormwater and SWPP/NPDES (Federal Stormwater Pollution Control Plan/National Pollutant Discharge Elimination System) inspections and water quality tests.

The company added in the statement that it “…is committed to implementing the corrective actions recommended by the FDEP as soon as possible and to continuing to monitor the performance of the independent contractors carrying out the work.”

Bu Jaffe remained skeptical in a brief interview Saturday, noting that no one from St. Joe has spoken with neighborhood residents.

“Should we trust them? Why ? asked Jaffe.

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Salt lakes real estate

Keys to the Kingdom: Exploring Vermont’s Beautiful Northeast Corner

Our companion, a Bostonian at heart, was impressed. So. A lot. Cows! We kept stopping the car so he could take pictures of red barns and white silos, green hills and blue skies – and dozens of black and white Holsteins. Our advice: Plan to take it slow if you’re road tripping along Vermont’s 51-mile Northeast Kingdom Byway. Bordering Canada and wedged between the Green Mountains and the Connecticut River, the eastern corner of Vermont is the most rural part of the state. Comprising the counties of Caledonia, Essex, and Orleans, with a combined population of approximately 66,000, it projects a more “small-town” than craftsman-hipster vibe. It’s a colorful quilt of small hamlets, plus a larger town, St. Johnsbury, the commercial center of the region, and exactly one town, Newport. Home to Jay Peak, Burke Mountain and Lyndon Outing Club ski resorts, the Northeast Kingdom has the dubious distinction of being the coldest place in the state, with an official lowest recorded temperature of minus 50 degrees. There must be solid material here.

Seriously, though: a kingdom? The nickname is often attributed to Vermont Governor George Aiken, who used it in a speech in 1949. Whatever its genesis, the glowing descriptor is apt: it’s a glorious place. The Northeast Kingdom is dotted with more than 200 lakes and ponds and home to eight state parks. Rules of outdoor recreation, from fishing to fat-tire cycling. And if it really was a kingdom, the royal family would surely reside on Lake Willoughby, Vermont’s answer to Switzerland’s Lake Lucerne. Nearly 8 km long, this fjord-like lake is one of the most dazzling places in New England. Here’s a curated overview of what you’ll encounter if you enter the realm.

Key place to stay: Inn at Mountain View Farm

True, they had us at “dwarf goats”. This 440-acre farm estate sits atop Darling Hill in East Burke; the goats are part of an on-site animal sanctuary that includes rescue horses as part of the menagerie. Listed on the National Register of Historic Places, the inn has 14 rooms and suites and offers access to over 100 miles of bike trails, twice-weekly yoga sessions, and a free hot breakfast (with home-grown vegetables on the farm) and an afternoon tea. . The s’mores at the hearth are a nice touch; they also offer a beer garden with Vermont craft beers on weekends. From $180 (includes access to Kingdom Trails); 802-826-9924; www.innmtnview.com

Key place to play: Kingdom Trails

We always say, nothing like a bike ride to become a 10-year-old child again! And you really will feel like a lucky kid if you’re on this 100-mile network of single and dual track mountain bike trails; the Kingdom Trails are ranked among the best mountain biking networks in the world. (Don’t like biking? All sections of the trails are great for walking and running.) Accessible via daily, monthly, or annual membership, the trails are suitable for all ages and abilities, according to the Kingdom Trail Association. Take a look at their website and familiarize yourself with the culture (“Ride with Gratitude” is a theme) before you ride. Trails cross private land, so code of conduct and rules apply (eg, no e-bikes.) Day membership: $20; 8-15 years old, $12; www.kingdomtrails.org

Key places to camp: White Caps Campground and Emerald Lake State Park

Love camping in your newly purchased RV? Caps Blancs campsite (RVs from $47 per night; cabins, $75 per night; www.whitecapscampground.com) occupies prime real estate at the south end of Lake Willoughby in Westmore. No need for BYOB (boat); they offer boat rentals as well as a small camping store. They also offer tent camping, but RV sites (some overlooking the lake) and rustic cabins are the way to go here.

For a more peaceful woods camping experience, we like Emerald Lake State Park (www.vtstateparks.com) in East Dorset. The campsites are located on a wooded hillside with walking trails that lead to a 20-acre green-hued lake. There is a small swimming area, boat hire, fishing and wonderful walks in the nearby Dorset mountain. Another to consider: Brighton State Park in Brighton, a beautiful, quiet campground known for great fishing, located near Island Pond and Spectacle Pond. Camping fees at Vermont state parks are approximately $30 per night; two-night minimum stays may apply. (Tip: book early if you want a summer weekend.)

Must-see places to admire the view: Lake Memphremagog and Lake Willoughby

A large part nearly 32 miles long Lake Memphremagog is located in Magog, Quebec. But the Vermont end of this freshwater lake, in the town of Newport, is a dandy place to celebrate the state’s short but balmy summer season. Plan a visit to Prouty Beach, a picnic by the lake or lunch at one of the restaurants on the shore and watch the boats go by.

As for Lake Willoughby? “Beyond beauty”, as our companion said. Rent a kayak at White Caps Campground and paddle the fjord, or hike one of the 12 miles of trails in the Willoughby State Forest. The peaks of the Pisgah and Hor mountains, rising along the lake, are a great attraction. A favorite route is the Mount Pisgah Trail, 4.1 miles round trip, a moderately difficult hike due to an elevation gain of 1,653 feet. Those views of the lake are worth it.

Key places to eat: The Parker Pie Company, Salt Bistro, Burke Publick House

You’ll feel like you’ve stumbled upon a real find at Parker Pie Company (from $14; www.parkerpie.com), a pizzeria at the back of the Lake Parker Country Store in West Glover. The combination of great pizza and local beer can’t be beat. You won’t go wrong with the Green Mountain Special pizza, topped with spinach, red onions, bacon, apple, fresh garlic and cheddar cheese, with a drizzle of local maple syrup. Want to go a little fancier than a pizza and a beer? Salt Bistro (www.facebook.com/VermontCateringCompany/) in St. Johnsbury is known for its high quality local food with an Italian twist; live music (and maple cream martinis) add to a fun night. We are always happy to find a good gastropub on our travels; fortunately, the NEK delivers with Burke Publick House (entries from $16; www.burkepub.com). The entree side of the menu is irresistible – there’s poutine ($11; hey, Canada is nearby) and “candy for men”, smoked and fried pork belly with chili sauce and coleslaw, topped with pickled onions ($11.) Who’s to say no to that?

The Museum of Daily Life.
Suzanne Kreiter/Globe Team

Key stops for a rainy day: Fairbanks Museum & Planetarium, Museum of Everyday Life

Insect art! Butterflies! You could easily spend a few hours exploring this natural history museum, housed in a circa-1889 Victorian building in St. Johnsbury. Home to numerous animal specimens and artifacts, the site is also home to the Lyman Spitzer Jr. Planetarium, Vermont’s only public planetarium. Interesting features here include an outdoor butterfly house (June-Sept) and a weather observation station. As for insect art, the Fairbanks Museum houses the entire collection of “Bug Art” mosaics created by John Hampson, made up of thousands of beetles, moths and butterflies. Adults, $12; www.fairbanksmuseum.org

Alarm clocks at the Museum of Daily Life.
Suzanne Kreiter/Globe Team

It won’t take long to cover everything, but the Daily Life Museum (donations accepted; www.museumofeverydaylife.org) in Glover is worth a visit if you are passing through. Described by its founders as a “detailed and theatrical expression of gratitude and love for the tiny, unglamorous experience of everyday life in all its forms”, the self-service museum (turn off the lights when you leave) celebrates the banal. The current exhibition is devoted to lists in all their forms; past shows have explored the mysteries of locks and keys, safety pins, pencils, and “The Toothbrush: From Twig to Bristle.” Because . . . Why not?


Diane Bair and Pamela Wright can be contacted at [email protected]

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7 luxury train holidays for wine lovers

The whistle sounds, the doors close, the train swerves. You sit under the glass-domed observation car, butterflies flutter with the promise of adventure. A waiter walks by with champagne. Today’s luxury train class offers a much-needed antidote to the compact, clinical cruelty of commercial flight.

Yet the best luxury train travel doesn’t just encase passengers in imported finery; they also build bridges between travelers and destinations through locally sourced wine, spirits and food. Crossing the Karoo in South Africa, for example, you sip Chenin. In Paris, share a bottle of bubbles with new friends at the onboard champagne bar. Traveling up the Douro Valley, savor Port while watching the train tracks unfold in the starry night. In the spirit of TS Eliot, “it’s the journey that counts, not the arrival”.

Here are seven wine-soaked luxury rail vacations on distant tracks.

Photo courtesy of the Venice Simplon-Orient Express

The Venice Simplon-Orient Express, Europe

Authors Agatha Christie and Ian Fleming have immortalized this historic train in their works of fiction. Fortunately, the actual experience comes close to the elegance of their pages.

Servicing the fashionable corridor between London and Istanbul, with stops like Paris and Verona, the Venice Simplon-Orient Express itself is the reason to ride. White-gloved hands receive your luggage on board and, on the train, the decor recalls the stylized geometry of the Art Deco era which comes to life in sumptuous fabrics and wallpapers.

This trip also offers one of the best on-rails wine selections in Europe, with a rich cellar of French and Italian labels. The executive chef, Jean Imbert, prepares dinner throughout the trip. Think lamb from the salt marshes of Mont Saint-Michel or lobsters from Brittany. Along the road, guests converge at dusk in the Champagne Bar as a prelude to an evening of destination-worthy dining.

The Royal Scotsman, Scotland
Photo courtesy of The Royal Scotsman

The Royal Scotsman, Scotland

The Royal Scotsman takes its passengers through Scotland’s rugged countryside at a sleepy pace. Settle in with a Scotch to watch the lochs and castles float past your sleeping car window. Elegant cabins lined with marquetry have plush beds upholstered in Scottish wools and tartans, textiles worthy of a country home.

Train schedules run between April and July with varying routes. A guided Scotch malt whiskey tour takes guests to Tomatin, Glenlivet and Tullibardine distilleries. The Western Scenic Wonder trip focuses on scenery.

Naturally, the Royal Scotsman’s whiskey selection outshines the competition with over 50 selections broken down by regional style. The creative cocktails shine, as do the Scottish gin and beer selections. Laurent-Perrier is the “house” champagne, with still wines from Europe and South America. The meals testify to the local richness: Scottish oak-smoked salmon and Rannoch Moor venison make frequent appearances.

The Haybarn Spa car offers facials or massages with panoramic views.

Andean Explorer, Peru
Photo courtesy of Andean Explorer

Andean Explorer, Peru

On a trip from Cusco to Arequipa, travelers aboard the Andean Explorer can cover 25,000 miles of mountainous terrain, Pisco Sour in hand, in two days. As you cross the glorious Andean plains, you’ll pause at Lake Titicaca, a vast pool of blue kissing the sky at 12,500 feet above sea level. Back on board, hang on to the open-air balcony perch atop the observation car.

Two dining cars welcome guests to soft leather armchairs for a feast of lively Peruvian flavors and local wines and spirits. Chefs source local quinoa, beans, corn and squash along the route, while the national drink, pisco, features prominently in cocktails. Most of the wines come from Chile and Argentina in South America.

After a night of partying, book the Andean Ritual, a cleansing wrap of flowers and coke in the Picaflor Spa car.

The Presidential Train, Douro Valley, Portugal
Photo courtesy The presidential train

The Presidential Train, Douro Valley, Portugal

Portugal’s scenic Douro Valley is tailor-made for wine-soaked train journeys. Through a picture window, watch the undulating ribbons of vineyards unfold above the majestic Douro River.

On the presidential train, chefs prepare multi-course meals featuring local flavors and Douro wines. A partnership with Niepoort informs much of the wine list. On the beautiful Vista Alegre China, guests in the cleverly designed cars can savor tender cod drizzled with Portuguese olive oil and sip a floral Touriga Nacional in Riedel crystal.

Opt for the full-day Presidential Experience, which departs from Porto and ends with a private wine tasting at the famous Quinta do Vesuvio.

Rovos Rail, some African destinations
Photo courtesy Rovos Rail

Rovos Rail, some African destinations

Rovos Rail spotlights iconic routes across the continent with five-star service, fine wine and mahogany-panelled sleeping cars.

Wine lovers should consider the three-night, four-day trip from Pretoria to Cape Town, which offers breathtaking contrasts in scenery. You’ll pass the scenic semi-desert terrain of the Karoo before breaking through the verdant valleys of the Cape Winelands.

On board, sample South African blends of Chenin Blanc, Pinotage and Bordeaux red. At dinner, the chef showcases local ingredients and the flavors woven into local game meat amid elegant Edwardian-inspired interiors. Take a seat on an open-air balcony to admire Table Mountain before disembarking in Cape Town.

Rocky Mountaineer, Canada
Photo courtesy of The Rocky Mountaineer

Rocky Mountaineer, Canada

From Fraser River salmon to Okanagan Riesling, Rocky Mountaineer showcases the food and wine of its western Canadian roots.

A day-only train with no sleeper cars, the Rocky Mountaineer serves breakfast and lunch on board, making evening stops in small towns where guests stay overnight in hotels. Of the four routes, First Passage to the West remains a popular connection between Vancouver and Banff. The train crosses mountain passes and canyons, lakes and mirror forests, offering spectacular scenery.

Differences between service levels, Silver Leaf and Gold Leaf, are defined by viewing spaces, dining service, hotels, and the number of staff available per guest. Both, however, offer free wine. Most of the selections are Canadian, affecting the different regions of the Okanagan Valley such as Penticton-Naramata.

During the day, hosts tell stories of historic sites, such as pointing out where the last spike of the Canadian Pacific Railway was driven. They also talk about flora, fauna, and wildlife beyond the glass-domed viewing cars, giving guests a deeper appreciation of the setting.

The Great Southern Rail, Australia
Photo courtesy of Great Southern Rail

The Great Southern Rail, Australia

Journey Beyond operates multiple routes through Australia’s breathtaking landscapes. The 2023 four-day, three-night Great Southern voyage connects Brisbane to Adelaide with wine country excursions. When traveling south, you’ll visit Coffs Harbor for an outdoor dining experience, Hunter Valley for an introduction to Semillon and Shiraz, or Port Stephens to see the Stockton Sand Dunes. You’ll stop in Melbourne for a choice of city experiences, including sipping on great wine bars. Disembark in Adelaide and head to the vineyard-covered Adelaide Hills.

The reverse journey from Adelaide to Brisbane offers off-train experiences in the Grampians, Canberra and Coffs Harbour. On board, choose from Platinum or Gold Service cabins; however, most of your time will be spent in convivial lounges sipping on an all-inclusive selection of Australian wines and ports. After a bottle or two of Shiraz paired with Australian dishes at the Queen Adelaide restaurant, everyone quickly makes friends.

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Salt lakes real estate

Kid Rock’s former Detroit mansion sells for over $2 million

Amy Trahey thinks some people might want to poke around her new home – a former home of musician Kid Rock, who appears to have left without even cleaning out the fridge first.

“There’s salt, pepper and alcohol everywhere,” Trahey said. Kid Rock had a Jim Beam bourbon partnership and left “a fridge full of stuff,” Trahey said, along with massive amounts of his Badass beer.

He wasn’t the most recent owner of the Detroit River home, which Trahey bought for $2.03 million, but the previous owner also left the house furnished as it was. Crain’s previously reported that it was purchased in August 2019 for $2.2 million by Detroit Boathouse LLC, which is registered in the name of Kevin Washburn in Grosse Pointe and has given a $1.83 million mortgage to the Dwight W. Edwards Living Trust as of August 2020, according to Wayne County Land Records.

Kid Rock bought the house under his birth name, Robert Ritchie, in January 2012, The Detroit News reported. Public records list the purchase price at $300,000.

It has been marketed as a corporate retreat, and Trahey believes that while she will use it as a summer residence, there may also be income to be had from the property. She plans to hold philanthropic events there, as well as other events.

“I can only organize organized events for fans,” she said. “I think they would like to sniff the sheets.”

Matt O’Laughlin, a Max Broock Detroit real estate agent who sold the property to Trahey, said it was like “Kid Rock grabbed his underwear and his shirts and just blew away.”

As for the furniture, “it’s still very Kid Rock”.

This includes photos and album covers from his career, as well as a dining room table personalized with an eagle and “American Badass”, gold-plated signs near the toilet imploring people to only flush tissues and the monogrammed pillows on the bed.

“It’s a fun and interesting house,” O’Laughlin said.

Trahey said she wasn’t a Kid Rock ‘superfan’, but her late husband took her to a show for her 40th birthday ten years ago and it was like a sign on the way. to move forward after his death last summer.

“It was the best, best night,” she said. “I think Brian is telling me to do this.”

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Salt lakes real estate

Grant to help obtain health care in rural Tioga and Broome counties

South Central New York’s Rural Health Network is getting a financial boost to address health care gaps in rural and underserved communities.

The program receives a three-year, $160,000 health improvement grant for Excellus BlueCross BlueShield members and community.

David McNew/Getty Images News

David McNew/Getty Images News

According to a press release from the Rural Health Network, primary care patients in Broome and Tioga County served by Ascension Lourdes will benefit from the funding to be used in the UR Essential program.

Staff will develop personalized self-care coaching and can direct patients to the appropriate services to meet their specific needs. The effort also includes assistance with transportation, nutrition and education.

Officials say the population covered by “UR Essential” includes residents aged 18 to 64 who live in Broome and Tioga counties, do not receive Medicaid, have identified gaps in care related to conditions such as diabetes and underutilization of primary care services.

The South Central New York, Inc. Rural Health Network coverage area includes Broome, Chemung, Chenango, Cortland, Delaware, Otsego, Schuyler, Tioga, and Tompkins counties.

Troupes, groups and stages: gems of the performing arts at both levels

Twenty-five of our favorite performing arts bands and venues in the Twin Tiers.

9 Upstate New York Oddities

New York; a place filled with nature, culture, community and, of course, a few sights and roadside attractions.

What’s fun about a perfectly normal, cookie-cutter place? Nothing.

Bringing the weird, confusing and fun, here’s 9 Upstate New York Oddities!

New York’s Invasive Plants to Watch Out For

These seven invasive plants have become a nuisance to wildlife and people in New York State. Learn more about them and how to remove them from the New York State Department of Environmental Conservation here.
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Salt lakes real estate

Lithium rush: High time to buy Livent stock (NYSE:LTHM)

Black_Kira/iStock via Getty Images

Investment thesis

Lithium is one of the “green” metals along with copper, nickel and cobalt, a leader in the global electrification of transport. The global lithium supply was unprepared for the dramatic ramp-up in electric vehicle production in China and the EU, which led to record increases in the price of lithium carbonate and lithium hydroxide. We believe the lithium market balance will soon turn into a deficit and keep the price of the material near local highs. Commodity producers, notably Livent (NYSE: LTHM), will benefit from it.

The main lithium reserves are located in South America

Lithium is mined from two sources: lithium brine (salt lakes with low lithium content) and lithium pegmatite (solid ore).

Diagram of lithium recovery from ore
Scheme for the recovery of lithium from salt

Source: Interpretation by Invest Heroes

Most lithium recovery from brine is concentrated in the region of the “Lithium Triangle” – Argentina, Chile and Bolivia. Additionally, China has also recently made a leap forward in the recovery of lithium from salt lakes. The development of lithium pegmatites is still carried out mainly in Australia. The United States is not wealthy in terms of lithium recovery.

Meanwhile, the main suppliers of raw materials for production (lithium carbonate and lithium hydroxide) are Australia, Chile, China and Argentina.

Distribution of supply by country, %

Source: SQM

About 60% of the world’s lithium reserves are located in areas bounded by intergranular brines of dried (alkaline) sodium lakes (salars). Chile leads in terms of reserves and South America accounts for more than half of the world’s resources.

Reserves of lithium in the form of metal by country, tons

Source: SQM

Lithium is not just about green energy

Due to the strong electrification of transport in China and the production of lithium-ion batteries in South Korea and Japan, Asia is the main consumer of the raw materials produced. However, the by-products of lithium mining are not only used for the production of lithium-ion batteries, but also in “traditional industry”.

Import of lithium, breakdown by country

Source: S&P Global

Import of lithium, breakdown by industries, %

Source: SQM

A shortage is likely to occur in the near future

According to research firm Argus, lithium carbonate prices reached $62,500 per metric ton on March 29, while the price of lithium hydroxide topped $67,000 per ton.

Lithium price

Source: Argus

The continued strong increase in lithium carbonate and lithium hydroxide prices in early 2022, which followed an earlier peak in September and October 2021, was driven by rising electric vehicle sales in China and Europe . Sales of new energy vehicles in China and the EU have increased to account for 10% of total global sales of new energy cars, representing a bullish scenario for EV penetration.

Global sales and market share of electric cars sales, 2010-2021

Source: EIA

As the adaptation to electric vehicles accelerates sharply, the demand for batteries will also increase, which will generate more than 5 times the demand for lithium as early as 2030 compared to 2021.

Metals Demand for lithium-ion batteries

Source: Green Car Congress, BNEF

After analyzing different sources (some of them 1 and 2), we believe that due to the current limited introduction of new lithium hydroxide and lithium carbonate production capacities (for example, it takes up to ‘to 12 to 24 months to extract lithium salts from lithium brine), there will be a shortage of materials in the short term (2022-2023). However, additional capacity will be commissioned later in the lithium triangle (Argentina, Chile and Bolivia) as the development of intercrystalline brine sites will begin after 2023. Livent, for example, will launch additional production capacity of carbonate lithium in Argentina by the end of 2023. , increasing this capacity to 60,000 tons by 2025.

Lithium power supply

Source: Bloomberg

The lithium market could reach a surplus before 2024

However, the lithium market could become surplus before the end of 2024 if the excess demand disappears. This could happen as the prices of the main materials used in the production of batteries – nickel, copper, cobalt and lithium in the class of batteries composed of lithium, nickel, cobalt and manganese (NCM) and lithium, iron and phosphate (LFP) ) – have increased significantly in 2021 amid strong demand and due to fears in early 2022 that the shortage of raw materials could worsen due to the increasing number of conflicts in the world. The increase in production costs will certainly pass on to the consumer, reducing the demand for cars and, therefore, for metals.

Component prices, %

Source: Investment

Manufacturers of electric vehicles are already raising prices. For example, Tesla in March raised the prices of some cars by 5-10%, as did Li Auto. To compound the effect of rising prices, some governments are getting rid of subsidies for EV purchases. For example, China will reduce subsidies by 30% by the end of 2022, as the target of new energy car sales accounting for 20% of total car sales was met 3 years ahead of schedule.

Evaluation

Our leader among all lithium producers is Livent. Livent produces lithium carbonate and lithium hydroxide, from which a large number of lithium compounds are extracted. In addition to its own production, Livent resells raw materials to third parties and obtains lithium compounds from brines. This method is one of the most profitable. Livent’s lithium production cost is one of the lowest in the industry.

Livent will benefit from high lithium prices in the short term, as it will soon bring its new deposits into service. The company plans to increase its lithium carbonate production by 100% to 40,000 tpa by the end of 2023 following the planned commissioning of the plant in Argentina in 2023, and to 60,000 tpa from 2025.

Production capacity of lithium carbonate, ths tons

Source: Company Data

Additionally, by the end of the third quarter of 2022, Livent will increase its lithium hydroxide production to 30,000 tonnes per year through its Bessemer City facility.

Lithium hydroxide production capacity, thsd.  metric tons

Source: Company Data

Due to high lithium contract prices, the company’s 2022 EBITDA will increase 267% year-on-year to $181 million.

EBITDA history and our projections

Factors that will influence the rise in value of securities over the next 12 months:

  • Selling prices of lithium hydroxide and lithium carbonate still high due to global shortage of raw materials;
  • Increased operating performance.

We estimate the fair value of Livent shares at $32.3 per share. BUY note.

Livent Valuation by Invest Heroes

Risks

  • Faster exit from the surplus lithium market due to lower demand for new energy vehicles;
  • Acceleration of supply growth thanks to the commissioning of deposits in the “lithium triangle” region.

Conclusion

We are confident that with the rapid adoption of electric vehicles in China, the United States and Europe, the world will face a new era of lithium rush that can overcome the gold rush due to extreme shortages. of lithium carbonate and lithium hydroxide in the years to come. Additionally, we are seeing lithium producers begin to revalue long-term contracts at greater than expected rates due to extreme spot price increases. Lithium producers will benefit from the trend, they are already commissioning new capacities and we believe that Livent is the clear winner.

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Salt lakes real estate

The first phase of the LSU Lakes Restoration Project is expected to begin by summer

BATON ROUGE — On Monday, state and parish officials discussed the first steps of the long-awaited LSU Lakes Restoration Project.

During the press conference, Governor John Bel Edwards and Mayor Sharon Weston Broome announced that the first phase of the University Lake project was fully funded. Work should start in just a few months.

“Today’s announcement marks an important milestone for the greater community of Baton Rouge and the many people in our state who regularly visit and enjoy University Lakes,” Governor Edwards said.

The project will increase the stormwater retention capacity of the lakes and reduce flood levels in surrounding areas during rainfall events.

The Louisiana Watershed Initiative is contributing $10 million toward the first phase of the project through CDBG-MIT funding from the U.S. Department of Housing and Urban Development.

The first phase is expected to be completed in December 2023 at a total cost of $32 million.

Read the full state announcement below.

Governor John Bel Edwards and Mayor-President Sharon Weston Broome, joined by other University Lakes Project partners, announced today that Phase 1 of the University Lakes Project is now fully funded. Construction will begin this summer, under the direction of Sevenson Environmental Services. The governor and mayor-president shared public comments alongside LSU President William F. Tate IV, Baton Rouge Area Foundation CEO Chris Meyer and BREC Superintendent Corey Wilson.

“Today’s announcement marks an important milestone for the greater community of Baton Rouge and the many people in our state who regularly visit and enjoy the University Lakes,” Governor Edwards said. “The start of lake restoration work is only a few months away. This important and exciting initiative is the result of the Baton Rouge Area Foundation’s early vision and more recent collaboration and funding from several community partners. As we revitalize and improve this much-loved area of ​​Baton Rouge, we will also reduce flood risk for surrounding areas and increase recreational facilities for the entire community.

The Louisiana Watershed Initiative is contributing $10 million toward Phase 1 of the project through CDBG-MIT funding from the U.S. Department of Housing and Urban Development. The project will increase the stormwater retention capacity of the lakes and reduce flood levels in surrounding areas during rainfall events. The project is proposed to expand the floodplain, create marshes, improve water quality, and restore wetlands and fish and wildlife habitats at LSU and City Park lakes. It will address flood storage through an improved retention pond and drainage, reducing flood levels for low-to-moderate income areas north of the LSU campus, including the McKinley High School campus and areas downstream of the lakes. Funding from CDBG-MIT represents nearly one-third of the funding committed for Phase 1.

The coalition that has been formed to restore the lakes includes the State of Louisiana, the City of Baton Rouge and East Baton Rouge Parish, BREC, LSU and the Baton Rouge Area Foundation. The University Lakes Project is implemented by University Lakes, LLC, which was established by the LSU Real Estate and Facilities Foundation, an affiliate of the LSU Foundation. Mayor-President Broome noted the collaborative nature of the project partnership and echoed the importance of the project to the City of Baton Rouge and East Baton Rouge Parish.

Mayor Broome said, University Lakes has long been a place where Baton Rouge residents and our visitors gather, fish, exercise and enjoy nature. These improvements will make it a possibility for many more people in the future and will enhance the experience for anyone who spends time in this area.

The first phase of the University Lakes Project includes water quality, flood risk reduction (dredging) and mobility enhancement efforts in key areas identified as critical by participants in the engagement process public. Dredging will deepen City Park, Erie, College, Crest and Campus lakes, as well as part of University Lake. The main elements of phase 1 are:

-Dredge material will be used to create the foundation for living shorelines to help manage and clean up stormwater before it enters the lakes.

-Spillways and control structures will be improved to increase the flood storage capacity that the lakes can provide.

-City Park and University Lakes will be hydraulically connected and a new bridge over May Street will be built, allowing paddlers and wildlife to move more freely between the two larger lakes.

-Key mobility improvements will include crucial safety adjustments at intersections and the provision of dedicated lanes for pedestrians and cyclists in areas where they are most needed.

Completion of Phase 1 is expected by December 2023 at a total cost of $32 million. Phase 2, which depends on future funding, will deepen and reshape the rest of University Lake.

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Salt lakes real estate

Masks are still required on some Broome transports

Public transportation in many localities will still require the wearing of masks to combat the spread of COVID-19 despite a federal judge in Florida rejecting the nationwide public mask mandate that was to continue until at least March 3. may.rd.

Broome County officials say masks must always be worn on county transit buses. BC Transit riders and employees will be required to keep face coverings in place when using these vehicles.

The transit system was not operating on April 19 due to the late winter snowstorm, but most routes were back in service on April 20.

Photo: Bob Joseph/WNBF News (File)

Photo: Bob Joseph/WNBF News (File)

County transportation officials said New York State still requires masks on public transportation. No official word had come as of 10 a.m. on April 20, but county officials said they assumed the mask mandate would also be tracked by Binghamton University Transportation Services, as the mandate of the state was still the rule.

Some runners say they plan to continue wearing their masks around strangers as a precaution even if the requirement is lifted while others said they remain masked at least until a call is made. resolved to avoid further confusion if the lifted warrant is reinstated after court hearings.

New York Governor Kathy Hochul did not comment on the federal court’s decision.

New York City officials had issued a position on April 19 saying masks would still be required on subways and other public transportation.

On April 19, some private transportation services like UBER and Lyft immediately suspended their masking requirements following the federal court ruling.

Things that are more uncomfortable than a face mask

Supply chain workarounds and home hacks

We keep encountering empty supermarket shelves or running out of things we need at home.

There are easy ways to make your own or substitute ingredients to circumvent shortages or poor planning. Some may even save you a few dollars.

Check out these workarounds, substitutions, and hacks.

See if you know the four most important things you should always keep handy.

Troupes, groups and stages: gems of the performing arts at both levels

Twenty-five of our favorite performing arts bands and venues in the Twin Tiers.

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Salt lakes real estate

Best places to live in 2022: South of Boston

Single Family Median Price: $576,500

Increase since 2016: 64.7%

When Dan Costa and his family moved to Rochester to take over Lloyd’s Market, a butcher and grocery store that’s been a mainstay since the 1950s, he wasn’t sure what to expect. “I didn’t know much about Rochester before I got here, but I’m happy to be here,” Costa said.

It’s much quieter and more peaceful than Boston’s North End, where Costa had owned a store on Hanover Street for 18 years. “It’s just a simpler, calmer way of life,” he says. The town is a Right to Farm community – meaning residents are committed to living with the sounds and smells of standard farming operations – and Lloyd’s sources much of its supplies from local farmers. “It’s actually really pretty with the farmland we have, and some of the ponds here make you feel like you’re in New Hampshire lakes,” he says.

When the family came to town with their two young children, they rented for a few years before buying a house. “And then we decided to live here based on what we thought about the community and the school system, which is just great,” Costa says. “We decided that was where we wanted to be.”

Finalists in the category under $600,000

Brockton

Single Family Median Price: $395,000

Increase since 2016: 63.9%

rock land

Single Family Median Price: $440,000

Increase since 2016: 60.9%

Despite being one of the largest cities in Massachusetts, 2021 Top Spot Brockton — aka the “City of Champions” — offers suburban-style neighborhoods full of single-family homes, as well as the DW Field Park and Golf Course designed by Olmsted. In nearby Rockland, factories that once produced shoes for the Union Army now house artists’ studios and residents in a quiet suburb that includes a 3-mile rail trail.


BEST SPOTS TO LIVE SOUTH OF BOSTON FOR $600,000-$800,000

The best spot: Mattapoisett

Single Family Median Price: $620,000

Increase since 2016: 65.3%

Mattapoisett Harbor on Buzzards Bay attracts many boaters and the community swells with seasonal residents each summer. But it’s not really a tourist town, says Chris Demakis, agent at Demakis Family Real Estate and co-owner of the Town Wharf General Store.

Demakis grew up in Mattapoisett and, after a stint in Boston, returned to his hometown in 1999. He commuted around the city for nearly two decades before a career change allowed him to stay local. Lately, he’s seen many other homebuyers who are able to do the same, without having to change jobs.

“More and more people are choosing to live where they want, rather than where they have to,” says Demakis – a decision that for many people leads to the ocean. “And when you look at our housing prices compared to the South Shore or Cape Town, Mattapoisett and the South Shore in general turn out to be, I think, better value for money.”

The village of Mattapoisett features historic homes, a public boat launch, a series of giant stone docks from the city’s shipbuilding heyday, and a municipal park called Shipyard Park, which hosts free concerts and other events in the summer. “People treat the wharf like their backyard,” Demakis says. There is also a public beach nearby and the town offers a sailing camp for children in the summer.

Finalists in the $600,000 to $800,000 category

Eston

Single Family Median Price: $610,000

Increase since 2016: 54.4%

Scite

Single Family Median Price: $762,500

Increase since 2016: 53.7%

Easton is home to Stonehill College, the Ames Estate, a children’s museum and an impressive collection of buildings designed by HH Richardson, the architect of Trinity Church in Boston. Salty Scituate features waterfront (and often storm-battered) homes from Minot Beach south to Humarock, more typical suburban neighborhoods (and a pair of commuter rail stations) further east. inland and a walkable village near the port.


BEST SPOTS TO LIVE SOUTH OF BOSTON FOR $800,000 AND MORE

The best spot: Cohasset

Single Family Median Price: $1,350,000

Increase since 2016: 66.7%

Another pretty coastal town — this one on the bay side and on the commuter rail — has seen the fastest price growth of any city south of Boston. “Cohasset could be a pretty town if it were 40 miles inland,” says Dan Leahy, 77, a photographer for the Cohasset anchor who has lived there since 1982. But the oceanside setting takes it to another level, he says.

“Every time you have a bad day or a low moment, you go down to the harbor and sit there for 15 minutes and breathe in that wonderful salty air and take in that beautiful scenery,” says Leahy. Families with children flock to Sandy Beach in the summer, while Leahy is more likely to stroll the quieter Black Rock Beach or photograph the wildlife or lobster boats in the working harbor. “Whether it’s a foggy day, a cold day, or a snowy day, he just pushes all my buttons.”

Beyond the natural beauty, Leahy, who raised six children in Cohasset, says the schools are “phenomenal”. From academics to athletics to extracurricular activities, “they do it all, the teachers are all really involved,” he says – like the rest of the town. “You go to any school play or debate or any school event. . . the whole community gets involved.

Finalists in the $800,000+ category

Westwood

Single Family Median Price: $1,025,000

Increase since 2016: 55.7%

hingham

Single Family Median Price: $1,100,000

Increase since 2016: 48.6%

Wedged between the mega-malls along Route 128 in Dedham and the tony suburbs of Dover and Needham, 2020 finalist Westwood offers a mix of convenience (including a Wegmans grocery store and Amtrak Acela service to New York) and convenience. suburban calm. From modern harborside condos a short boat ride from Boston to historic settlements in its downtown core, Hingham offers beautiful accommodations and plenty of parkland — including a state park and three Reservations Trustee properties — for those who can afford its high housing prices.


19 Highland Avenue in Mattapoisettdocument picture

WHAT YOU GET FOR ABOUT $750,000 SOUTH OF BOSTON

19 Highland Avenue, Mattapoisett

Price: $750,000

Square feet: 1,674

Lot size: 0.13 acres

Bedrooms: 3 Baths: 1.5

Just one block from Sandy Beach in the Point Connett neighborhood, this 1935 clapboard cape offers ocean views from the large porch and cozy wood-paneled living room with fireplace. (Listed by Lauren Kavanagh, Jack Conway & Co. Mattapoisett)

—Additional reporting by Kim Costigan

Discover the Top Spots to Live 2022 by region: City districts | North | West


Jon Gorey is a regular contributor to Globe Magazine. Send your comments to [email protected]

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Salt lakes real estate

Animal advocates Ducks and Clucks warn against releasing pet ducks on the Wasatch Wild Front

MURRAY, Utah (ABC4) – Hundreds of ducks are dumped in Wasatch Front parks, ponds and lakes each spring, animal advocates say.

“It is actually against Utah’s cruelty code to release domesticated ducks into wild parks or ponds. This is against Utah code and is considered animal abandonment,” said Tiffany Young, founder of Ducks and Clucks.

Amy Needham, the founder of Puddle Ducks Rescue, said releasing domestic ducks into the wild can harm native species.

“They breed with wild bird species, and that reduces the ability of wild birds to fend for themselves, it reduces their camouflage, it reduces their wild instincts and that has been a big problem around the world,” says Needham. .

Domestic ducks are bred to be larger than wild ducks. This means that domestic ducks cannot fly out of the pond once they are abandoned there. Overpopulation of ducks in ponds contributes to water quality problems.

“With too many people feeding bread and other low-nutrition snacks and putting them in water during our hot summers where algae and botulism are already a problem, water quality becomes unsustainable for life, both for wildlife and for all abandoned domestics,” Jeune said.

Needham says it’s also cruel to the ducks themselves. She wants people to think twice before buying ducks from stores and releasing them into the wild.

“Every time you release a pet it’s a death sentence, it’s only a matter of time until it dies, and it belongs to the people,” Needham said.

“A lot of people think they’re doing a good thing releasing a duck into the wild, but what they’re doing is like releasing a kitten into the forest and saying good luck to the tiger,” Young said.

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Salt lakes real estate

Utah County Sheriff’s Office Holds Auction for Pig Named The Fuzz Found in Lehi

SPANISH FORK, Utah (ABC4) — In the spirit of spring, the Utah County Sheriff’s Office (UCSO) is holding a silent auction for a friendly farm animal.

According to UCSO, a male pig, nicknamed “The Fuzz” by his law enforcement friends, was found loose in Lehi and was picked up by authorities from Lehi Animal Services.

Right now, The Fuzz is comfortable in his temporary home at the UCSO stockyard, but the agents are looking to find him his forever home.

The auction started on April 15 and will continue until April 25 at noon. The event is a ‘sealed’ auction, meaning bids placed will not be made public, so it’s up to you to put a price on The Fuzz.

Bids will be accepted at UCSO located at 3075 North Main Street, Spanish Fork, UT 84660 or South Utah Valley Animal Shelter at 582 West 3000 North, Spanish Fork, UT 84660. All bids must be in sealed envelopes. UCSO noted that unsealed offers will not be accepted.

Bids must include your name, phone number and your bid amount. Payment will be to UCSO.

If you’re eager to see The Fuzz before you place your bid, contact Central Utah Dispatch at (801) 794-3970 and ask to speak to an assistant. Viewing of The Fuzz without an assistant present will not be permitted.

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Salt lakes real estate

Covid News: South Korea to end virtually all restrictions

Credit…Mike Kai Chen for The New York Times

A corporate announcement Thursday that a small clinical trial showed a booster shot of the Pfizer-BioNTech coronavirus vaccine boosted the immune response of 140 children aged 5 to 11 comes as new cases of the virus in the United States are on the rise again.

The upturn was particularly noticeable in the Northeast, where the Omicron subvariant known as BA.2, now the dominant version of the virus in the United States, first took hold.

Dr. Anthony S. Fauci, President Biden’s chief medical adviser, has warned in recent days that the United States could see a significant increase in infections in the coming weeks. But he said hospitalization rates are unlikely to rise in tandem because so many Americans have some degree of immunity, either from vaccines or previous infections.

Several hundred children aged 5 to 11 have died from Covid since the pandemic began, according to the Centers for Disease Control and Prevention, but pediatric injections have been a tough sell for many parents. Only about 28% of children in this age group received two doses and would be eligible for a booster. About 7% received only one dose, according to agency data.

There was an initial rush for vaccines after they were first offered for this age group in November, but the increase in vaccination rates then slowed. Over the past month, for example, it has increased by a single percentage point.

Dr. Kathryn M. Edwards, a pediatric vaccine expert at Vanderbilt University School of Medicine, said some parents believe the chances of their children becoming seriously ill are low, when vaccines are unknown. She said some research indicates that 45% of infected children show no symptoms.

“The problem is that we can’t predict who will get sick and who won’t,” she said. And among those who do, she said, “there will be children who are going to be hospitalized, and there will be some deaths.”

Dr. Sally Goza, a pediatrician from Fayetteville, Georgia and former president of the American Academy of Pediatrics, said some parents see no reason to act because they consider the pandemic to be under control. “I’ve had parents come into my office and say, ‘Covid, it’s over. I don’t need to worry about that,” she said.

To some extent, she said, parents have also been numbed by wave after wave of infection. “People are tired of dealing with it. They’re just like, ‘We’re just going to take a chance,'” she said.

According to a study by the Kaiser Family Foundation, the proportion of children aged 5 to 11 receiving at least one dose varies considerably from region to region. Five of the 10 states with the highest rates were in New England, while eight of the 10 states with the lowest rates were in the South.

Even though more than 250 million Americans have been safely vaccinated since the start of the pandemic, pediatric experts say many parents fear unknown consequences for their children. Compared to injections to protect against measles, mumps and other diseases, which have been around for decades, Covid vaccines are brand new.

A study by New York researchers, published online in late February, found that for children aged 5 to 11, the effectiveness of the Pfizer vaccine against infection fell to 12% from 68% in the 28 34 days after the second dose.

This was a steeper drop than for older teens and teens who received a much higher dose. Some experts have suggested that the difference in dosage explains the protective gap, while others have blamed the Omicron variant that was prevalent during the study.

Another CDC study said two doses of Pfizer reduced the risk of Omicron infection by 31% in 5- to 11-year-olds, compared with a 59% reduction in risk in 12- to 15-year-olds.

The Pfizer vaccine is currently the only one authorized for children under 18.

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Salt lakes real estate

Idaho is better than Utah because these people can’t drive

One of the Deseret News columnists jokes when it comes to saying that Idaho is less sinful than Utah. WalletHub’s annual survey has often placed Utah at number one. This year, the salts have dropped considerably. Nevada is, as usual, the most sinful. After all, it’s a big gambling den. Considering the place has almost as many Latter-day Saints as Utah, that’s an odd designation. However, when Howard Hughes was alive, he hired church members primarily because he liked their honesty and reliability.

What made the newspaper columnist laugh is that Idaho is named the least sinful place in America. WalletHub says Idahoans aren’t jealous people and we do well on anger and hate. I’m not surprised by this one. There are so few Democrats here, there’s just no one to hate.

They drive like women!

I believe there is a bigger factor at play. Look at the people of Utah driving. Or try something akin to driving. They are dangerous, obnoxious and come too quickly back into the right lane after passing. You put Utah license plates on a car and suddenly the guy or girl behind the wheel is all doing like they’re all women!

The highway of death!

They think the Interstate is a drag strip. They sail there like the liberals of Oregon. Usually at speeds only seen on the Bonneville Salt Flats. It’s not better on their own roads. They also drive without ever checking their periphery and cling to the steering wheel like my co-religionists cling to prayer beads in times of crisis.

I don’t like the high fuel prices, but maybe the cost of the trip will keep them all south of Tremonton this summer. Or if you have to come, call Uber.

The 100 Best Places to Live in the Midwest

WATCH: What 25 historic battlefields look like today

What follows is an examination of what happened to the sites where America fought its most important and often brutal war campaigns. Using a variety of sources, Stacker selected 25 historically significant battlefields in American history. For each, Stacker investigated what happened there when the battles raged as well as what happened to those sacred lands when the fighting ceased.

It was the battlefields that defined the course of the American military, from colonial rebels to an invincible global war machine.

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Salt lakes real estate

Becker County, Minnesota is offered – Detroit Lakes Tribune

Becker County, Minnesota is offering for sale the properties located at 200 East State Street, Detroit Lakes, Minnesota 56501 legally described as OT of Detroit Lakes Block 25 Lots 13-30 Incl, S 50′ of Lots 5-8 Incl & all Block 4 & Aud Lots 42-46 Incl & Vac St County Shop & Salt Yard and 619 Curry Ave, Detroit Lakes, Minnesota 56501 legally described as OT of Detroit Lakes Block 026 Lots 24-29. Bids for the properties described may be submitted as an all-inclusive or for individual sites. Individuals and licensed realtors interested in viewing the properties should contact Dave Neisen at 218-841-2187 to schedule an appointment. Bids must be received by Dave Neisen at 1110 Hwy 59 S Detroit Lakes, Minnesota 56501, for consideration during initial bid review, conducted by the Becker County Department of Highways Committee, no later than 4:00 p.m. on Monday, April 25, 2022. The County Council reserves the right to accept/reject any or all offers or partial offers of ownership, to waive formalities and to accept the offer deemed most beneficial to the County of Becker, in addition, they may continue to receive offers after the initial closing date if all initial offers are rejected. (April 10, 17 & 24, 2022) 51,000

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Salt lakes real estate

Rise in investment in financing direct lithium mining • The Register

New lithium production techniques could play a vital role in making batteries for applications ranging from smartphones to electric vehicles that are more environmentally friendly than current extraction methods.

Automakers, mining companies and investors including the US Department of Energy are pumping money into direct lithium mining (DLE) technologies that promise to boost global production, according to a Reuters report. of lithium, which comes mainly from a handful of countries. today.

There are a number of DLE technologies that all revolve around extracting metal from brine in different ways, such as using filters, membranes or ceramic beads. These are touted as more sustainable solutions than existing means of obtaining lithium, such as pumping salt water containing lithium from underground lakes to the surface in desert areas of Chile or Argentina, and its extraction by evaporation in large basins.

However, while DLE techniques do not require the use of huge evaporation ponds, some critics have argued that they still consume large volumes of water and electricity to produce the lithium.

For example, General Motors aims to use a DLE technique to supply a considerable amount of the lithium it needs from the Salton Sea region of southern California, which would use 10 tons of water for every ton of lithium. produced.

But a company in Cornwall, UK, believes it has found a more environmentally friendly method of extracting lithium from brine. Cornish Lithium said it aimed to extract lithium from geothermal waters and power the extraction process with geothermal energy from the same source.

Cornish Lithium said it plans to extract lithium directly from fluids in a processing unit that is expected to have a footprint the size of a supermarket or medium-sized industrial unit.

The company said it had already received £9 million ($11.7 million) of a package of up to £18 million ($23.5 million) from metals-focused investment firm TechMet Limited. to develop its technology, and recently began drilling a research borehole at Twelveheads, near Redruth.

Elsewhere, an Australian company, Ekosolve Lithium Limited, announced this week that its DLE pilot plant had processed lithium brines from the Salar de Incahuasi, a salt basin in Argentina’s northwest Catamarca region, and had obtained a recovery of more than 90% of the lithium present.

He claimed that 200 liters of brine had been processed, with high quality lithium chloride produced. This can then be converted into battery-grade lithium carbonate or used as feedstock for other lithium compounds, according to the company.

In Canada, E3 Metals recently announced that it had received $1.1 million of a $1.8 million grant from research agency Alberta Innovates following the completion of its laboratory-based DLE pilot prototype that uses a proprietary ion exchange to extract lithium.

It now aims to build and operate a pilot field plant that will operate continuously in the Clearwater area to extract lithium directly from brine produced from the Leduc aquifer, to demonstrate that it can scale to at a projected commercial scale of 20,000 tons per year of lithium hydroxide monohydrate.

The National Renewable Energy Laboratory (NREL) in the US is also studying DLE methods and said they could potentially supply 10 times the current US demand for lithium from the Salton Sea.

“Lithium-rich geothermal brines represent a vast untapped resource that can potentially be developed into a robust domestic supply while adding to a well-paid workforce,” NREL Senior Geoscientist Ian Warren said in an announcement. last year regarding his research on DLE.

“Growing global demand and the need for a secure supply of lithium has created deep interest – and urgency – in the full development of a DLE that is considered environmentally safe,” he added. ®

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Salt lakes real estate

New Report Shows LDS Church in 2020 Owned Over 12,000 Acres in Wasatch, Summit Counties

The organization that started out as MormonLeaks and revealed that The Church of Jesus Christ of Latter-day Saints has tens of billions of dollars in stock-related assets released a new report on Tuesday detailing the properties land of the Church.

The data is a July 2020 snapshot of holdings. It shows church-related entities at the time owned more than 12,000 acres in Summit and Wasatch counties, and more than 1.7 million acres in all the countries.

The organization, now known as Truth and Transparency, said the publication was the result of a two-year investigation. The Salt Lake Tribune also published a report based on the data on Tuesday.

Ethan Gregory Dodge, co-founder of Truth and Transparency, said the survey showed many church funds shared a data point.

“We were able to find these nearly 16,000 (plots) across the United States because they were all linked to a mailing address that the church uses,” he said.

This address was found to be linked to 15,963 parcels of land, including more than 120 in Wasatch and Summit counties.

The largest cluster appears to be east of Heber near the gated community of Timber Lakes. This is where the largest single patch in either county is located, comprising 640 acres.

Truth and Transparency does not claim that the list is exhaustive or that it represents the current assets of the church. For example, the data indicates that 531 Main St., Park City, is a church worth an estimated $2.6 million. Summit County records show the church sold this land, the former home of the Park City Family Tree Center, in late 2021.

There are also apparent discrepancies in the data, including a parcel in Wasatch County listed with a market value of $6.5 million. County documents show he has a market value of $2.5 million.

Dodge said it was the only package he had heard of that had a lower value than what was posted. He said Truth and Transparency audited its findings manually, checking every ad with a market value of at least $20 million and checking another 1,000 random ads.

He and the Tribune also said that the census of land holdings almost certainly underestimated the true holdings of the church.

“Any properties that we know they own, eg chapels and temples that didn’t show up there, apparently don’t use the same mailing address or something, we don’t really know” , Dodge said. “But I absolutely agree with the Tribune that he is absolutely underrated. I don’t know how much bigger it is, but there is more.

A representative for Property Reserve, Inc., one of the church’s real estate arms, did not immediately return a request for comment.

According to the data, many packages, but not all, are tax exempt or taxed at low rates.

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Salt lakes real estate

The Scoop: Big Spoon Roasters Expands and Moves Headquarters to Hillsborough | Culture & Leisure

It’s the middle of the night. You are awake, you are hungry. Maybe you’ve had a tough day with the kids, or maybe you have a big presentation to make in the morning at work, and you just want to grab a spoon and dip into your favorite nut butter.

Or maybe you stayed up to watch a college basketball game that didn’t end the way you hoped. You’re going to need the big spoon. If you’re one of the growing fans of Megan and Mark Overbay’s creations, you’ll feel at least a little better after putting away an entire jar of one of the nut butters made at Big Spoon Roasters, the small company that the couple founded. in 2011.

And it’s getting better. Big Spoon Roasters, which sells produce to hundreds of independent wholesalers and popular grocers including Weaver Street Market and Whole Foods, has announced it is moving its operations from Durham to a larger facility at 500 Meadowlands Drive in Hillsborough. Initially, Big Spoon will occupy 16,500 square feet of building space, allowing for anticipated growth over the next two to three years. The new location is scheduled to open in early August 2022. The site has already been approved for an additional 10,000 square feet of space to be built at the end of the building. This should ensure that Big Spoon will set up shop in Hillsborough for the foreseeable future, even as the business continues to expand.

Mark O’Neal and Emilee Collins with Pickett Sprouse, and Jack Moore and Pete Zseleczky with Gateway Building Co. helped help the Overbays identify real estate opportunities best suited for Big Spoon’s expansion.

Almost since the day the Overbays first brought their concoctions to a bike race in Hillsborough, Big Spoon Roasters has been in growth mode.

“We had no logo, no packaging, we just had random mason jars,” said Mark, co-founder and president of the company. “And Megan made these amazing homemade cookies and energy bars from my nut butter that we also sold. We didn’t even show up ready to sell. We just wanted to give people a taste and applied to farmers markets hoping we could tell people to look for us there. People were so excited and enthusiastic when they tasted what we made that they started giving us money. We didn’t even know what to charge. Five bucks? Ten bucks? OK. We were liquidated that day.

Since 2014, Big Spoon Roasters has sold its nut butters and bars to individual Whole Foods stores, including Durham, Chapel Hill, Raleigh, Greensboro and Winston-Salem. When the Southern Regional Office of Whole Foods encouraged Big Spoon to expand, the company began working with a third-party distributor to help get its products into Whole Foods stores in the Southeast.

“This year is very exciting because Whole Foods asked us to become what’s called a global brand, and that takes us to five regions in the United States,” Mark said. “We just received these orders, that is with our first national distributor for Whole Foods, and we are going to the Southwest region, that is Texas, Oklahoma, Louisiana; the Midwest, which includes Greater Chicago and all of the Great Lakes states; the Mid Atlantic, which is essentially Philadelphia, to Virginia; and the South, then Florida.

Big Spoon is also present in a number of regional grocers and high-end grocers, including locations in California and a small number of retailers in Europe.

Not bad for a company whose origin story began with Mark craving his favorite snack of apples and peanut butter. Not just any peanut butter, though. In 1999, while in Zimbabwe as a volunteer with the Peace Corps, Mark learned from a rural farming community how to roast peanuts over an open fire and then crush them into a paste. Mix some salt, honey and coconut oil and it had peanut butter.

“I accidentally made the best peanut butter I’ve ever tasted,” he said. Ten years later, in Durham and working in the food industry, Mark was well versed in the artisan food movement and noticed that no one was doing anything with nut butters.

For years, Mark had thought about creating a food business that connected people to agriculture. He then realized that making nut butters was the way to do this. He and Megan had just started dating, and Mark was eager to tell her about his plan, but he waited until he could tell her in person a few days later.

“When I started talking to Megan about it — and I was so excited — I said, ‘You know, I think I know the business I’m supposed to start that involves my background in the Peace Corps. and my dad,” and she immediately said, ‘That’s nut butter.’ She just knew.

He then went to Whole Foods and bought raw North Carolina peanuts and pecans. He took them home, roasted them, put them in a food processor, added local honey and sea salt. It was better than anything I could buy, not to honk my horn myself” , said Mark. “I couldn’t wait to share it with my friends and family. Right from the start, it seemed like maybe it was something no one was doing.

“We had talked about how amazing this dining experience was for him,” said Megan, co-founder and COO. “And then I was like, ‘Oh my God! We have to call it Big Spoon! And Mark said “yes”.

When he was six years old, Mark walked into his family’s kitchen and found his father standing with a giant spoon, helping himself to peanut butter, straight from the jar. Young Mark said “Big Spoon”, and it became his father’s nickname, and a no-brainer as the name of Mark and Megan’s nut butter company.

In 2012, a year after founding Big Spoon, Mark quit his full-time job at Counter Culture Coffee to devote his full attention to nut butters. Megan kept her full-time job but was involved in all major decisions regarding the direction of Big Spoon, and she and Mark put labels on the jars in the evenings. Big Spoon had a big break when the company received national press in its first year. This sparked a flurry of interest from retailers and consumers. In 2013 Mark and Megan moved their small business to its current location in Durham, originally filling one suite and gradually expanding to four suites.

As Big Spoon continued to grow in square footage, it also continued to invest in its equipment to enable it to scale up operations and expand its product line. Throughout its existence, Mark and Megan have ensured the taste and quality of its food products. They also paid considerable attention to the company’s environmental impact, whether through water use, packaging materials and recycling.

“Sure, people might want something that tastes good, and we give them that, but a lot of people are very interested in where their products come from and who was involved in the production – growing the peanuts, growing all that stuff. that we manufacture – and everyone in the supply chain,” said Megan. “We are very focused on that. This is exactly the kind of business we wanted to start. We wanted to build a company that was good for the planet and good for everyone who was involved in its production.

Big Spoon Roasters now has 12 full-time and five part-time employees, and plans to add up to five employees after moving into the Hillsborough space. The new location will require updates and accommodations to meet business needs, but the additional space will allow employees to move around more freely. Shipments awaiting delivery will now have a dedicated placement. There will be additional meeting spaces and bathrooms, changing rooms, a photo studio and even an employee wellness area.

“Bays (loading and unloading) that you can drive to and don’t need our team driving back and forth in the rain trying to get things. There are so many things. It will be super exciting,” Megan said.

Food safety and sanitation are essential for food-related businesses, and the larger facility will allow Big Spoon to continue its safe and clean production procedures as it grows.

“Food safety comes up a lot in our business,” Mark said. “If we talk about our business, we’ll talk about food safety, because we make ready-to-eat foods. When someone opens it, it has to be 100% safe. It doesn’t matter how good it tastes if it isn’t safe, so we’re doing a lot of things in terms of sanitation and employee practices to maximize food safety.”

Another great benefit of the new headquarters will be a dedicated research and development lab that will be included on the new site. Mark said a lot of innovation comes from R&D, but lack of space has limited product expansion or pushed the company to make more seasonal releases.

“We’ve queued up a number of different recipes that we want to put in our permanent lineup and there’s just no room to put them,” Megan said. “We will once we move into the new space and it’s wonderful. The other thing is we just know we’re going to have to produce at a higher volume, and there’s so much packaging and so much more ingredients that you need to get through that much more production that comes from the expanding into more relationships with Whole Foods and distributors.

Some of Big Spoon Roasters nut butter flavors include Cashew Butter, Almond Butter, Chocolate Sea Salt, Pecan, and Fig Walnut Macaron. A variety of jams and nut butter bars are also available.

Beyond the many benefits of the new physical space for Big Spoon Roasters, the Overbays are thrilled to have their business part of the Hillsborough community. They’ve already worked out Sportsplex memberships for staff and note the proximity to walking trails and the Riverwalk. Some of Big Spoon’s employees commute from Burlington, so the new location will be shorter for them.

“It’s also evident that the Town of Hillsborough has really tried to create a supportive environment for small businesses,” Mark said. “We know a few business owners who have had businesses (in Hillsborough) for years and they have had great experiences. It’s a good feeling to arrive knowing that there is this support.

For more information on Big Spoon roasters, visit bigspoonroasters.com

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Salt lakes real estate

Ontario Cottage Regions with Largest and Smallest Price Increases in 2021

Real estate company Royal LePage has released its 2022 report on recreational properties. Company prediction: Cottage prices will continue to rise at a dizzying rate.

According to the report, the average price of a recreational property in Canada, which includes secondary properties, such as cabins, cabins, cabins and waterfront properties, will increase by 13% in 2022 to reach $640,710.

“The factors challenging the residential real estate market in Canada – chronically low supply and growing demand – are magnified in the recreational property segment,” said Phil Soper, president and CEO of Royal LePage, in The report. “The demand for recreational properties continues to far exceed inventory in many cottage regions across the country. Waterfront and mountaintop locations near cities are limited by nature, even in a vast territory like Canada, forcing buyers into multiple supply scenarios.

Ontario led the charge in 2021, recording the highest price appreciation for recreational properties in the country with a 34.6% increase over 2020. The average price of a recreational property in Ontario in 2021 was 653 $000. Royal LePage expects this figure to increase to $737,890, a 13% increase, in 2022.

A cottage on the water will cost you even more. In 2021, waterfront recreational properties in Ontario sold for an average of $888,000, second only to British Columbia, where prices soared above $2 million.

Year-over-year increase in the price of waterfront properties in Ontario

All Ontario cottage regions saw price increases in 2021, but some more than others. When it comes to waterfront properties, Land O’ Lakes, an hour north of Kingston, saw the biggest jump with a 60.7% increase, with the average price rising from $450,000 in 2020 to $723,000. in 2021. It was followed by Orillia, with a 51% increase, from $788,000 in 2020 to $1,190,000 in 2021, making it the most expensive cottage market in Ontario.

Although international travel is expected to resume this summer, demand for cottages continues to be strong as buyers seek vacation property to escape the city. “We’re early days, but we don’t see any impact, given the ability to travel, on the market so far,” says Susan Benson, a real estate broker in Muskoka.

Who are the buyers?

Millennials are in full force, she says, in both the residential and cottage markets. With the ability to work remotely, many are looking for out-of-town options. Baby boomers are also having a big impact on cottage real estate.

“People thought baby boomers would quietly downsize and head into the sunset. Well, that doesn’t happen,” Benson says. “They’re usually approaching retirement or are retired and…they take advantage of where they are, come into that market and buy their dream home, which may very well be on the water.”

According to the Royal LePage report, 36% of Ontario baby boomers plan to buy a new home in the next five years. Fifty-six percent of this group are considering buying in a resort area. This means that over the next five years, Ontario could see an additional 729,000 people enter the cottage real estate market.

Low inventories continue to drive prices up

A second factor driving up cottage prices is low inventory. Of the 151 real estate professionals surveyed in the Royal LePage report, 84% said their area had fewer recreational properties for sale this year than last.

According to Benson, at the end of March there were 95 waterfront properties available in the North Lakelands Real Estate Board region, which includes Algonquin Highlands, Bracebridge, Dysart et al, Georgian Bay Township, Gravenhurst, Highlands East, Huntsville, Lake of Bays, Minden Hills, Muskoka Lakes, Parry Sound, Severn and the Archipelago. This inventory is down 39.9% compared to the same period last year and 73.9% compared to March 2020.

Cottage owners have held on to their properties during the pandemic rather than selling. This caused multiple offer scenarios, with the selling price often eclipsing the asking price. According to the majority of real estate agents surveyed in the Royal LePage report, 75% of recreational properties in Ontario are selling above the asking price.

What’s not selling and why

As long as you implement the right strategy, there are few cabins that aren’t selling right now, says Benson. “We are seeing some properties not selling, but that is where the price they have selected is not aligned with what they are offering.”

Not all cottage regions in Ontario saw significant price increases in 2021. Haliburton County saw the smallest change, with the average waterfront price increasing 14% from $700,000 in 2020 to $801,000 in 2021. Royal LePage Lakes of Haliburton official broker Anthony vanLieshout says you should take this number with a grain of salt.

“If you have one or two big high-end sales, all of a sudden those numbers become part of it,” he says. “I don’t think Haliburton wouldn’t have enjoyed similar appreciation to any other cottage country. It is extremely robust.

vanLieshout began to notice some hesitation on high-end properties, however, especially those listed above $1.5 million.

“Low inventory, that will probably keep prices where they are, but interest rates can go up and gas prices… Now it’s $100 to and from the cottage,” he says. “I think we are going to see a stabilization. It may have already started.

Featured video

Two people exchanging one "SOLD" sign above a red and white for sale sign
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Salt lakes real estate

“Gerald D Spangler” Honored State’s Best Ethical Exemplary in Real Estate Investing for Commercial Property in SANDY Utah

SPANGLER embodies the title of “Best Servant to the Community” and represents our community as the “Highest Rated Business Outreach” program creator in state history.

g3 BEST-OF-STATE proudly recognizes SPANGLER for its business and professional ethics, professionalism, and selfless charitable contributions to our community.

—g3 Founder, Adam Green

MILLCREEK, UTAH, USA, April 4, 2022 /EINPresswire.com/ — This is Utah. Perfect powder; rugged red rock; the alpine lakes and Utah have even more advantages. If Utah doesn’t have it, then we probably don’t need it. Every state thinks it’s fun. Each state claims to have “something for everyone”. But not every state has 3.5 distinct geographic regions, five national parks, 45 state parks, 5 national historic sites and trails, and a dozen national monuments and recreation areas.

Not all states allow skiing and golfing and going to ballet in one day. Not every state has 12,000 years of human history and chip sauce. Utah is disproportionately fantastic; nor will we hide Utah’s light under a bushel. It would be selfish. And they are not selfish. They like to share the state. In fact, they want help planning a Utah vacation right now. Check out the travel tips for some ideas.

Well, Utah.com has made it its mission to bring together all the ever-awesome and often obscure adventures that could only happen in this lovely Deseret. It’s a local take on weird and awesome things that most didn’t know could happen without. They’ve done their best to help visitors see them efficiently with essential Utah information and helpful travel directions, but visiting Utah is like falling into quicksand: every move you make immerses you deeper in his grip. It’s mathematically impossible to complete a Utah bucket list. But they will help you plan the trip you will talk about on your deathbed.

For the goal-oriented, roster-building type, visiting Utah isn’t exactly easy. Most people want to see everything, they really do, but you can’t do it that easily. Every time someone sets out to check something on their to-do list, they end up adding three more. A tidy little three-day weekend in Zion might inspire a trip to Coral Pink Sand Dunes, which leads to the Rocking V Cafe in Kanab, then the Highway 12 Scenic Byway, then the Burr Trail, and the next thing they know they become a True Aggie under a full moon or they will end up in a climbing harness for some reason.

Plan a ski trip to one of Utah’s amazing ski resorts and realize you can drive an hour and ski at 10 other resorts. But while there someone in the elevator says something about the buffalo and the world’s preeminent piece of land art at the edge of the western hemisphere’s largest saltwater lake, so now you have to do it too and everything before dinner and a concert downtown.

Forbes named Utah the best state for business eight of the past nine years, including ranking No. 1 again for 2018. “Utah scores well across the board, with particularly high marks for its regulatory climate and its growth prospects,” notes Forbes. “Governor Gary Herbert has made reducing red tape a tenet of his administration since his election in 2009. He has eliminated or significantly changed nearly 400 regulations in the past seven years. Utah also benefits from a business-friendly legal climate and a financially sound government – it is one of only 10 states to hold a AAA rating from all three rating agencies.”

In various measures, Utah consistently outperforms other states. Utah has the strongest growth in nonfarm payrolls over the past year and the third strongest growth in GDP. Utah is tied for first with California in most independent inventor patents per capita. Cities in Utah are also outperforming. When the Milken Institute released its annual index of top performing cities in January, three Utah locations rose to the top: Provo-Orem, Salt Lake City and St. George. Provo-Orem ranks #1 among all major metropolitan areas in the country, while Salt Lake City ranks second. St. George ranks #2 among all small metros.

Utah: Best State for Business. A concerted approach to growth policy has made Utah an economic force. For more than 120 years, Utah’s economy was based primarily on agriculture and mining. As the land prospered, so did the people who lived and worked on it. Fast forward to 2018, and one will find one of America’s most diverse economies. From aerospace to IT and software, some of the state’s major industries are no longer built on land, but on the brainpower of talent that has found its way to the Silicon Slopes.

Val Hale, executive director of the Governor’s Office for Economic Development, says the overhaul of Utah’s economy began in the 1960s and continues today. “We have a business-friendly legislature that intends to enact business-friendly laws and regulations, including low corporate and personal taxes,” Hale said. “The result is fertile ground for businesses to grow and thrive on.”

Hale says the state is fueling that growth by focusing on six target industry clusters: aerospace and defense, software and computing, life sciences, energy, outdoor products and recreation. and finally financial services. “We have over 33,000 aerospace and defense jobs,” Hale says. “From the rear stabilizers of the Boeing 787 to the components of the Airbus 380, every fighter in the West uses carbon fiber composites made in Utah.” In software and computing, Utah leads the nation in technology growth. “We saw 7.69% growth in this sector last year,” Hale notes. “We have over 73,000 jobs among 4,000 companies on the Silicon Slopes.”

In the field of life sciences, more than 1,000 biomedical companies call Utah home. They account for 34,300 jobs – or 1.8% of state workers – and produce 2.6% of the state’s GDP. The energy sector employs 13,500 people in Utah with an average annual salary of $81,000, with oil and solar ranking among the largest generators of energy. In outdoor recreation, Hale says “Mother Nature has played favorites with Utah and blessed us with some of the best scenery in the United States.” This sector contributes $12.3 billion to the state economy and accounts for $3.9 billion in annual wages. Financial services, meanwhile, remain strong, with Utah ranking 8th nationally in banking assets. “Fintech is booming in Utah,” says Hale. “Purple Mattress was only a year and a half old when it sold for over $1 billion.”

Hit the Bullseye from 6 targets. Natalie Gochnour, associate dean of the University of Utah’s David Eccles School of Business and director of the Kem C. Gardner Policy Institute, says the state’s current economic performance is virtually unprecedented. “It’s a very prosperous time in Utah,” she said. “Utah experienced the fastest job growth in the nation in 2017, and our labor market fundamentals remain strong. Our 3.2% year-over-year job growth is twice the national rate, and our unemployment rate is only 3.1%, compared to the national rate of 4.1%.In many ways, Utah’s economy is the strongest in the country. “

Hale says the governor’s office isn’t content to rest on laurels. “We’re proposing to host the 2026 or 2030 Winter Olympics, and we’ve just created a global inland port in Salt Lake City,” he said. “Salt Lake City International Airport is experiencing a huge expansion underway, and we are moving our prison from the middle of Silicon Slopes closer to the airport to free up 700 acres of prime real estate for development. We hope have a number of companies trying to capitalize on this location over the next three years.”

Success factors! Gochnour says that several assets allow this success. “The causes of Utah’s growth are manifold,” she notes. “We have a growing labor pool, a healthy, well-educated workforce, a high fertility rate, and a very young, growing, tech-savvy population.” “We are in the interior of the West, halfway between the Continental Divide and the Pacific Ocean and halfway between Canada and Mexico. This makes Utah the ideal place for trade in the West. We are exactly in the middle of the West.”

Utah … “It’s a very prosperous time in Utah. Utah had the fastest job growth in the nation in 2017, and our labor market fundamentals remain strong. In many ways, Utah’s economy is the strongest in the country.” — Natalie Gochnour, Associate Dean, David Eccles School of Business, University of Utah. The shining star of Utah’s economy, however, remains technology. “Our land costs, our academic research, our benefits have all become apparent to people in the tech world,” Gochnour says, “The Point of the Mountain is now home to Utah’s tech companies. It’s called also Silicon Slopes. You could say we’ve reached the tipping point.”

Adam Paul Green, OWNER
G3 Development
+1 801-809-7766
[email protected]

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Salt lakes real estate

Diablo 4 Open World, dungeons discussed in depth in new dev update

In its latest quarterly developer update, Blizzard breaks down Diablo 4’s open world, environments, and all of the places you’ll be able to visit in Sanctuary. Check out a preview of these locations below, along with videos showing off these new locations for Diablo 4.

In this new development update, Chris Ryder, the game’s Art Director, along with the Environments Team, discuss Diablo 4’s open world – from the many places you’ll find yourself in Sanctuary, to some of the dungeons that the players will poke around.

Diablo IV’s environments cover much of the game’s territory and visual real estate: five distinct regions and hundreds of dungeons for you to discover. This is where all the monster slaying, loot collecting, and exploration takes place. Of course, none of this would be possible without the collective efforts of our talented designers, world builders, engineers, environmental artists, lighting artists, and technical artists.

open world

Scosglen Coast

For the Scosglen coast, the Environment Art team set out to tell the story of wild and untamed shores and headlands. As you head towards the shores from inland, the coastal biome is first highlighted by the longer, more directional grasses that react to offshore driving. the winds. The beaches are dark and littered with seaweed, kelp and rotting carcasses. Steep cliffs rise high while headlands are carved by the continuous pounding of the waves below. Through the process of creating our biomes, the Environment Art team set out to communicate that this coastline is in peril.

For the major settlements along the coast, it is important to us that they feel deeply intertwined with the fabric of the coastline. Dwellings with deep foundations line the cliffs. In a vain attempt to withstand the harsh elements, these structures are made up of every material the inhabitants could get their hands on and are in various forms of disrepair. Stone walls, reclaimed wood and thatch for the roofs. A place of consolation for the brave fishermen who sail these treacherous seas.

Orbei Monastery

The Orbei Monastery is an isolated and secret feature of the rural dry steppes. While Zakarum’s presence has diminished, Orbei Monastery bears proof that Zakarum’s places of worship can still function quietly. Since the location here is in the parched plains of the dry steppes, we aim to push the notion of dusty grasslands with sparse vegetation. We made the conscious decision to add dark rocks that complement the pale, rusty blonde grasses. Poplars and Saxauls grip the ground which really helps provide parallax motion on screen. This contributes to greater depth as foreground elements move faster than those further in the scene.

To help provide additional visual interest in the area, the Environment Art team created a salt pan biome. Being able to have blue alkaline lakes lined with salt-encrusted tuffs and vivid geothermal pools really helps to add pockets of vibrancy to the dry steppes and create fascinating natural landmarks.

Kyovashad

Our goal with Kyovashad is to really convey that this medieval settlement is oppressive, freezing, and harsh. However, we have yet to convey that it is a place of refuge offered to those who reside within its boundaries. This is a militaristic colony, so it’s important that we give it a heavily defended presence from the start. We believe it is appropriate to provide a gradual buildup of smaller defense structures as you approach the colony. Doing this tells you that something greater is waiting for you. Upon reaching the gates, you are faced with craggy stones, boundary walls and a deep cavernous moat that keeps unwanted visitors away.

As you enter the town, you see typical Fractured Peaks architecture. Using wood from the region’s many forests, the structures here are clad in natural pine planks and birch shingles. As with most housing in Sanctuary, these buildings are very functional rather than formal.

Dungeons

The forgotten places of the world

This set of tiles is an example of how we have “returned to darkness”. We want to take you deep underground to the darkest recesses of Sanctuary, where a mysterious (and gross) corruption has taken root. This ancient temple is a great place to push some primordial horror vibes. The fixed camera is one of our best tools since it allows us to place assets in the foreground without blocking the playable space. Because we always know where you are looking, we can compose and customize layouts, views and foreground elements to ensure there is a good composition. Spider legs are placed in specific spots for their unnerving silhouettes twitching in the background. Our dungeon design counterparts give us great layouts to play with, allowing us to push the depth of each scene. We want you to feel like the dungeon drags on forever and you only see a small part of a large underground labyrinth.

miserable caves

The world of Diablo IV is incredibly large, using many unique tile sets to cover all the different areas, biomes, and cultures. In order to create so much high-quality content, we’ve found clever ways to reuse our tile sets and add enough variety to cover over 150 dungeons. While offering new experiences every time. One way to do this is to dress sets of tiles with different themes. This next dungeon is a hidden resting place for druids overrun by demons. As you walk through the dungeon, you will see that it is covered with many Druidic cultural objects, such as talismans and charms. We place many of these elements on a layer that can be turned on or off, depending on the dungeon theme. In one dungeon it is a druid burial place, in another it is a dark, uninhabited cave. Adding this kind of detail is a great way to add lots of visual interest as well as visual storytelling. These assets were created by multiple teams, so this is a great example of many groups coming together to contribute to a final environment.

flooded depths

New dungeon features like floor transitions or smooth traversals are exciting, but my favorite new feature is what we call tile game transition scenes. These are scenes that allow us to connect two different tilesets in the same dungeon. Imagine running through a crypt, only to find a hole in the wall that seamlessly leads you deeper into a vast network of underground caves. While keeping the random layouts that change with each dungeon run. In this latest video, we show two tilesets joined by a tileset transition scene. The first floor of this ruined dungeon remains dry and relatively untouched, but as you progress through the dungeon you’ll find that the lower levels have decayed due to endless floodwaters. This swampy ruin is perfect for drowned people. and strengthen themselves deep within. You’ll have to fight your way through their defenses and climb through the rope to get deeper into the flooded ruined tileset.

Finally, as an added bonus, Blizzard also showed off some more environmental art, and you can check it out in a video below.

You can read the full quarterly update via the official blog on Blizzard’s site. With the game still in heavy development, it will be interesting to see when Blizzard finally releases Diablo 4 globally, as it looks to be their most ambitious Diablo title yet.

Source: Blizzard

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Salt lakes real estate

Outdoor Retailer Show Moves to Utah Despite Boycott Threats

The Outdoor Retailer Show is returning to Salt Lake City from Denver next year despite boycott threats from an environmental group and major recreation companies, the event organizer announced Wednesday.

Critics of holding the event in Utah say politicians in the state oppose efforts to protect national monuments and public lands.

But Emerald X, the publicly traded company that owns the biannual show, told stakeholders in a letter announcing the move that it could better promote the outdoor recreation industry and fight for environmental protection. from its longtime base in Utah — where the show has been held for decades. before moving to Denver in 2018.

Salt Lake City is our hometown, and we return there with a commitment to make meaningful change,” the company said. “In reality, leaving after 2017 did not bring the change we hoped for, so we will push back, not back down. We strongly believe that staying engaged and collectively contributing to the ongoing discussion, however difficult, is much more constructive.

This year’s June event will still be held in Denver before the show’s Winter 2023 event in Salt Lake City.

Show organizers came under pressure in February when The Conservation Alliance and two dozen outdoor recreation companies – including Patagonia, REI and The North Face – threatened to boycott the event if it was brought back to Salt Lake. City despite what they described as widespread industry objections.

Emerald X Group Vice President Jeff Davis said in an interview with The Associated Press that the company hopes to convince skeptical attendees to stick with the show.

Emerald X consulted with hundreds of companies and exhibitors and considered multiple locations, including staying in Denver. An “overwhelming majority” of outdoor retailers wanted the event to return to Utah, he said.

“We’ve spoken to all brands, and while we can’t speak for all brands, our tent is open,” Davis said. “We want as many participants as possible to contribute to what we believe is positive change.”

The dispute over the location of the event has been simmering since 2017, when Utah lawmakers asked then-President Donald Trump to repeal the new Bears Ears National Monument in southeast Utah. . Thirty outdoor retail companies objected, and the Outdoor Retailer show announced it would be moving from its longtime home in Salt Lake City to Denver.

Later that year, Trump downsized Bears Ears and the Grand Staircase-Escalante National Monument in southern Utah, prompting a Patagonia lawsuit over the downsizing and a statement on his website that “The president stole your land”.

President Joe Biden restored both monuments to their former size.

But the Conservation Alliance, made up of more than 270 companies, argued that Utah’s political leaders are still trying to undermine the monuments with legal actions to roll back protections. Most of the group’s members are outdoor retailers, but the alliance also includes several breweries, photography businesses and a bank.

The alliance, Patagonia and REI each released statements on Wednesday criticizing the decision to move the Outdoor Retailer show and pledging to continue the boycott.

“We are disappointed that the owners of Outdoor Retailer are blatantly ignoring Indigenous peoples, local activists and outdoor athletes who have spent years working to conserve and protect Utah’s wild lands by moving the show in Salt Lake City,” said Patagonia CEO Ryan Gellert.

Utah Governor Spencer Cox praised Emerald X’s decision, saying, “This is great news for Utah’s growing outdoor industry and for anyone who enjoys getting out and about. experience the natural beauty of the state.

He adopted a more confrontational tone during an interview with KSL NewsRadio while talking about the companies that threatened to boycott.

“You can’t come and threaten us and tell us how to do things. That’s not how it’s going to work,” Cox said.

The Republican governor last year called on show organizers to bring the event back to Salt Lake City, saying the location provides economic benefits to the state and outdoor retailers.

Emerald X also sent out a survey last year to the show’s attendees asking for their thoughts on a possible move to various cities, including Salt Lake City; Anaheim, California; Houston; Las Vegas and Orlando, Florida.

Marisa Nicholson, show manager for Outdoor Retailer, told the AP it’s easier for exhibitors to demonstrate their skis, snowboards, kayaks and other products in Utah. Indeed, the outdoor sites where the products can be used or tested are closer and easier to access than in Denver, where the trip to the Rockies from the downtown convention center where the show was based can take hours.

Nicholson said organizers also plan to make winter and summer shows more accessible to consumers rather than just trade buyers and retailers.

She said without providing details that Outdoor Retailer plans to commit revenue from its events in Utah to fund efforts to protect public lands with input from local, state and federal officials as well as tourism and community officials. state affairs.

The Outdoor Retailer Show generates tens of millions of dollars in local economic impact, but profits have been reduced due to the pandemic.

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Salt lakes real estate

A Look at Utah’s Hydrological Drought

We’ve all heard of the drought that Utah still faces, but we’ve seen the wet weather bring us much-needed water. Isn’t that enough to break the drought? Not necessarily.

Drought can be viewed in different ways. The one we think about the most is meteorological drought, where there is a lack of precipitation for a long period of time. Then there is the agricultural drought which causes plant yields to suffer. But the one we’re facing right now in Utah is hydrological drought. This type of drought affects our water sources like reservoirs, lakes and rivers.

“We’re kind of looking at our storage because we’re using a lot of our storage and last year we used a lot because we didn’t have any,” says Laura Haskell, drought coordinator at the Department. water resources. . “And so we just had to rely on that storage and now it’s down and we want to rebuild it.”

The constitution of our storage reservoir depends on our snowpack and it has not been the most reliable this winter. While we had those wet spells, we also had very dry spells which made it difficult to build our snow pack to the desired level.

“Typically we would see a steady increase in our snowpack and to see that roller coaster we have to see that as a big increase at times so we can compensate for those dry spells just to get it back to normal,” explains Haskell. “And then we’re also recovering from last year, where our reservoirs are about 10% lower than what we would normally see.”

The below average snowpack doesn’t look the best when we need to replenish our reservoirs and water storage systems, but the runoff we expect is in much better shape.

“Last year our soils were record dry and when the snow melted it just soaked the ground and didn’t reach our waterways. And this year, our soil moisture is much higher, so the snowpack that we have will reach our reservoirs,” Haskell says.

This will at least help our tanks replenish, but not to the levels we need them to. Water conservation will always be important as the summer months approach.

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Salt lakes real estate

Will Donald Trump be in Idaho for St. Patrick’s Day?

Does the Donald spend part of his St. Patrick’s Day in Boise?

I received a cryptic message from Janice McGeachin’s campaign. As you know, the president supported the lieutenant governor in his challenge against incumbent Brad Little. And this despite the closeness of Mr. Trump with the two candidates.

Trump usually packs arenas

Usually, Trump’s visits involve large gatherings in arenas or airplane hangars. At these events, he will praise the candidates he supports. Will he plan a more low-key approach in Idaho? Ivanka Trump made her recent visit to Twin Falls a very quiet affair. She visited Chobani and then distributed boxes of food for the poor.

McGeachin won Trump’s endorsement last fall, just days after Governor Little attended a dinner party at Mar-a-Lago in Florida, where Mr Trump introduced him to the crowd and introduced him. treated as a gentleman.

McGeachin was an early supporter of Trump

Why did the Lieutenant Governor get the approval? She was on the Trump train early. In 2016, she got involved in the campaign and served as Trump’s delegate to the Republican National Convention in Cleveland. She helped me rally to her cause. I voted for Ted Cruz in the Idaho presidential primary.

This year’s primary for governor is May 17and. Thursday means that we are in the last two full months. A Republican insider told me in February that a few visits from Trump could revive McGeachin’s campaign and make the race one of the most interesting in Idaho history. Any Trump visit would also likely result in increased donations for McGeachin’s campaign.

KEEP READING: See the Richest Person in Every State

KEEP READING: Here are the best places to retire in America

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Salt lakes real estate

Time & Tide: Fishing-Specific ‘Pro Trek’ Watch Increases Your Fishing Chances

Fishing is a balance between being in the right place at the right time and a slice of luck. Here are some tips to help improve your chances of catching fish – and how the Pro Trek PRTB70-1 can help.

Understanding natural forces behind fish behavior can improve your angling. It can provide you with the knowledge to see the big picture and how all the variables involved in fishing interact. And the Casio Pro Trek PRTB70-1 watch, with features designed specifically for fishing, can help.

We will not go into the details of the choice of lures here. Instead, it’s a PRTB70-1 dive along with a zoomed-in approach to testing the water at the best times and in the best conditions.

Buy the Casio PRTB70-1

(Picture/Casio)

Casio Pro Trek goes fishing

The Casio Pro Trek line of watches is designed to meet the desires of outdoor enthusiasts. It comes with digital compass, barometer, altimeter and thermometer functions. It’ll even count your steps if you’re into that sort of thing. By syncing with the Pro Trek Connected app, you can save your route, steps and other information.

the Casio PRTB70-1 builds on this technology with fishing-specific features that could help you get the most out of your fishing trips.

The watch continues Casio’s Fish In Time feature, which when programmed displays four different fish icons to indicate the likelihood of catching fish throughout the day. It has a timer that will count down until the net capture period begins.

The Casio PRTB70 offers much of this information over Bluetooth through the Pro Trek Connected app. It can send alerts and information about tides, moon phases, and sunrise and sunset times for your location. To do this, the watch uses Fishing Point Setting, which provides data from 3,300 ports around the world.

Then there’s the Fish Memo, which doubles as a fishing log. The watch can be used to log your location, time and date with your phone. From there, the Pro Trek Connected app will note those conditions, let you check trends in barometric pressure or moon age, and save photos of your catch for posterity. (Pictures or it didn’t happen, right?)

Who is it for ?

the PRTB70-1 could be suitable for anyone who covers a lot of ground to fish. As part of the Pro Trek family, this is an outdoor watch at its core, with compass, barometer and altimeter functions. This variant also incorporates additional fishing technology.

Anglers looking to adopt more technology into their fishing repertoire can use the Pro Trek Connected app to factor in the time of year, day, location and tides when applicable. From there, the watch simply acts as a reminder of peak fishing times. You can check out all the features and tech specs on the Casio website.

Buy the Casio PRTB70-1

5 ways to improve your fishing

So how can anglers use the data from the PRTB70-1 to improve their game? Let’s go.

Time of the day

One strategy for fishing from a boat is to change your spots depending on the position of the sun. Dusk is generally the most universal time for optimal fishing. In the spring and fall, midday can be lucrative.

In summer, the shallow waters warm up quickly; and the fish, being cold-blooded, move to deeper, cooler waters at noon. Conversely, in the morning and at dusk, fish may be more active near the banks.

the PRTB70-1 can gather all this data on your site and deliver it to you quickly and concisely. This eliminates the hassle of keeping track yourself and being distracted from your line and lure.

Of course, the angle of the light has an impact on how your lure looks in the water. And the fish seem to know that it affects their appearance in the water as well. Thus, small fish may try to avoid drawing attention to themselves for fear of attracting their predators that you are trying to catch.

Adopt the technology

Some anglers love this sport and like to get away from all things electronic. It’s okay, we understand. However, there are times when you want to make sure your free time is spent catching fish – or at least feeling the hits.

You can always check the phases of the moon and the tides in “Old Farmer’s Almanacand plan a trip from there. But a fishing calculator is a bit more modern and has grown in popularity and acceptance. These calculators take into account lunar cycles (between new moon and full moon), sunrise and sunset, and tides to predict more active fishing times.

Rather than relying on tracking those calculations on your phone during a fishing trip, Casio does the PRTB70-1, a watch that can streamline them from its Pro Trek Connected app to the digital display on its face. It shows the best times to fish with four different sizes of fish icons and can count down to the next main fishing window.

Buy the Casio PRTB70-1

coastal waters

If you can, explore the shore at low tide — you can use the PRTB70-1 to determine when it is – before you even start fishing. This is the best time to see fishing spots like sandbars, deep holes and hollows. Even if you fish this spot later, you’ll know these features are there when the higher waters come in. Aim your first casts in those pockets of water or deeper channels.

If you are fishing from a beach or saltwater shore, you may want to consider timing your trip for the first part of a rising tide. Rising waters will begin to cover shorelines where crustaceans and other prey like to hide. The opportunity for an easy meal draws game fish closer to shore to feed.

Rocks and seashell beds can act as refuges for baitfish and larger predatory fish that seek them out. Of course, you want to avoid casting directly into these spots, as you’re more likely to catch a lure than a lunker.

Similarly, rock jetties, old piers, or other wave-breaking structures will serve as refuges for shellfish and baitfish. You may have to experiment with the depth of your cast to find the fish, but it should be there.

The times around high tide are often considered the best for fishing. Fishing at high tide when the sun hasn’t yet risen can also be more rewarding, as predatory fish are more active near shore and, perhaps, less likely to challenge your line and lure. The slight exception is peak tide when the waters calm down briefly. This can be a good time for a snack.

Low tides can be productive, but you need to be able to dive in deep enough water, which can be a challenge from many beaches.

The ocean water temperature is more difficult to assess from the shore, and this will have an impact on the location of fish. This table of species and water temperatures shows why you might want to change the fish you’re looking for or time your attempt.

Tidal rivers

It is worth remembering that tidal rivers are in a state of flow. Elite anglers will cite the tides as the most important factorprevailing over location and weather, except with extreme temperatures or winds.

To have the best chance of catching fish here, you need to be in tune with the ebb and flow of the tides. The constant change means that by the time you find a lure that works for a spot, you may only have a few casts left before you move or change it.

In general, rising tides allow smaller baitfish to take shelter close to shore. Bass and other predatory fish will follow the baitfish. Higher water also gives larger fish the opportunity to forage in tributary streams. When the tides go down, the real estate available for fish condense.

Fishing on tidal rivers and bays can benefit from deeper channels – drop-offs or just incoming water. Fish often move to areas near these channels in natural cover and debris for shelter and to avoid fighting the pull of the tide.

Shore fishing is best at low tide when you can target bass around pads, trees, or other cover in 2 or 3 feet of water. You can look for banks with defined drops to avoid water that is too shallow at low tide.

A unique feature of tidal rivers is their brackish mixture where salt water and fresh water meet. A variety of species are found here, from bass to redfish and crappie. When the salinity rises, return to softer water.

Boat anglers can go out into open waters to search for species of fish that move with the tides. The tides follow cycles of approximately 6 hours. The early hours of the rising tide and the last hours of the falling tide are generally considered to provide the best fishing.

If you’re down for a full day of boat fishing on a tidal river, you can start downstream towards the mouth and move upstream every 45 minutes or so. Setting a reminder alarm can help you focus on fishing and then move with the tides when alerted. On larger rivers you can do this for 5 hours, then turn around and reverse the process for another 5 hours.

make peace with the rain

Light rain (without lightning) can be a good time to fish, especially in the summer when hosts of bugs and insects are swept into lakes and rivers. Overcast skies also cause fish to move around more.

Of course, standing in the rain can be unpleasant without proper gear. This is where a light shellfish or a poncho can help. During the warmer months, you should pack a jacket with an emphasis on breathability.

Warning: a thin shell can protect you from the rain, but when wet, it can cling to your skin if you wear short sleeves underneath. It’s not only annoying, but it can also steal body heat. We recommend a long sleeve shirt underneath for that reason, not to mention the sun protection it provides when it’s not raining.

Buy the Casio PRTB70-1

Casio ProTrek_ watch and rope
(Picture/Casio)

This article is sponsored by Casio. Learn more about the functions included in the watch PRTB70-1 in line.

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Salt lakes real estate

Searching for a Home in Canada: Weathered Steel on Nova Scotia’s Shores

The gatehouse shed has bare stud walls, with a wood-burning stove and daybed under a pair of large timbers attached to the wall. An outdoor BBQ and pizza oven are built into an exterior stone wall and a hot tub is built into a granite-paved patio.

The property – one of several dozen designed by Mr MacKay-Lyons as part of a new village on the site – is a 10-minute walk from Hirtle Beach and Gaff Point, a hiking trail from 4.3 miles in a nature reserve on a narrow peninsula jutting out into the Atlantic. Restaurants, cafes, bakeries and shops can be found near Rose Bay, LaHave and West Dublin across the LaHave River.

The property is 13 miles from the port town of Lunenburg, a British colonial settlement planned in 1753 and a UNESCO World Heritage Site, with colorful buildings along its waterfront and restaurants, distilleries, the city’s distinctive breweries, artisans and shops. Big box stores are 20 minutes away in Bridgewater. Halifax, the capital and largest city of Nova Scotia, is 75 miles away and Halifax Stanfield International Airport is 80 miles away.

The pandemic has boosted Nova Scotia’s housing market, which had been buzzing for years.

An initial shutdown of a few months was followed by a “rush of people” from Toronto and other Canadian urban centers, said John Duckworth, broker and co-owner of Duckworth Real Estate. “Properties were being scavenged at lightning speed,” he said, with many sold unseen.

Donna Malone, president of the Nova Scotia Association of Realtors, noted that Nova Scotia has offered a relaxed, low-density environment for remote workers. “Large family homes, which had been a bit depressed, became popular with buyers, as did waterfront properties,” Ms Malone said.

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Salt lakes real estate

Why buying a house in the middle of winter was a smart move

Image source: Getty Images

There are advantages to buying or selling a house in any season, including winter.


Key points

  • Conventional wisdom says that buying a house in the winter is a bad idea. Conventional wisdom is sometimes wrong.
  • Less competition can lead to lower prices and more flexible terms.

My husband and I don’t always decide when it’s time to move. Throughout our marriage, we followed our careers wherever they took us. Sometimes we liked where we landed, and sometimes we felt like aliens planted in a world we didn’t understand. We’ve gotten used to buying and selling homes through it all, no matter what time of year we find ourselves moving.

Now, as we consider another move, I remember all the times we were told that winter was a terrible time to sell or buy a house. Given how well mid-winter buying has worked for us, I wonder who is making up these rules.

Move to Iowa

Moving to northwest Iowa was my husband’s idea, a chance for him to take on a leadership role. The first time I hunted a house there, a blizzard reduced visibility to inches and the whole town looked like an out of this world scene. game of thrones. And yet, I was excited. We had sold our last house to pay for college, and I missed having a place of our own.

We bought the first house we visited. Why? Because the owners had already moved out, it was the middle of winter, and they were more than accommodating. It’s not like other home buyers were flocking to a small town in northwest Iowa that month, and frankly, the lack of competition helped us get a well-maintained home at a price advantageous. Sales people were crazy about the color blue, and it was everywhere (including the walls and carpet), but those were cosmetic issues that we were happy to change. Did I mention the bargain price?

The following summer, as house hunters began to compare one home’s appeal to another, we were already settled into our home.

Here is what this experience taught us:

It’s the bones that matter

Curb appeal can be overstated, especially when it comes to flowers, trees, and bushes. We were drawn to the look of the house from the street. The seller made a smart move by leaving pictures of what the yard looked like in the spring, but even if the snow melted to reveal a messy yard, it was something we could handle. The house had good bones, and in the end, that’s what counted.

Winter closings are faster

Before buying the house, my husband was alone in Iowa. I stayed with the children until we had a home and a school for them. Because there were so few house closings at the time, the mortgage lender completed ours at lightning speed, and we didn’t have to live in different states for long.

Read more: How to buy a house

Move to Michigan

I believe the snow was two feet deep when we moved to Michigan. Again, the sellers had already moved and were eager to unload their old home. It had been on the market for months with no takers, and it didn’t look like spring was coming to central Michigan anytime soon. Here we are from out of state, eager to get into a home and ready to make a deal.

Having just retired, the previous owners worried about low interest rates and what those low rates would mean for their retirement savings. To put things into perspective, mortgage rates at the time were around 7.5%. FDIC-insured investments, such as certificates of deposit (CDs), earn about 3% interest. The sellers knew that if we took out a traditional mortgage on the property, we would pay 7.5% interest, the kind of return they were hoping to collect.

So we made a deal. Rather than borrow money from a bank, the previous owners financed the house. Instead of making monthly payments to a traditional lender, we made monthly payments to previous owners at the same interest rate we would have paid to a bank. This was more than double the rate owners would have earned on a federally insured investment product, and since we didn’t have to pay closing costs, we saved money upfront. By the time we refinanced a traditional mortgage a few years later, the property had risen enough in value to make it easier to appraise the house.

Here is what experience has taught us:

The winter market is less frenetic

It was a big house. It had five bedrooms, three bathrooms, and sat on one of the only lakes in the county. If it had been on the market during the warmer months, I am sure there would have been heavy foot traffic in the house. There were so few people touring in the dead of winter that we were able to strike up a conversation with the owners, which led to a deal that benefited both of us.

Agents are less busy

Given the wrangling that led to a deal being struck with the previous owners, I’m still a little surprised at how easy the whole process ended up being. We had a real estate agent who acted like we were his only clients. In addition to helping us better understand how an owner finance arrangement works, she went out of her way to introduce us to the area. I can’t imagine how she could have offered the same level of service during the busier months.

The next time you read an article outlining why buying or selling a house in the winter is a bad idea, I hope you take it with a grain of salt.

A Historic Opportunity to Save Potentially Thousands of Dollars on Your Mortgage

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Ascent’s in-house mortgage expert recommends this company find a low rate – and in fact, he’s used them himself to refi (twice!). Click here to learn more and see your rate. While this does not influence our product opinions, we do receive compensation from partners whose offers appear here. We are by your side, always. See The Ascent’s full announcer disclosure here.

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Salt lakes real estate

Winter storm warning for more than 20 New York counties

Looks like those 50+ degree temperatures are long gone, even though it was only 24-48 hours ago for New York State.

Colder weather has once again made its way into the picture, and it’s about to have a lot of snow hitting the state soon.

You may have heard of an impending winter storm heading northeast. This winter storm will be here late Thursday evening and through much of Friday in New York State.

It really depends on where you are in the northeast that will determine what kind of precipitation you get, and if it’s snow, how many inches.

Listen to Chris Owen Overnights from 12:00 a.m. to 5:00 a.m. on 106.5 WYRK

Listen to Chris Owen Overnights from 12:00 a.m. to 5:00 a.m. on 106.5 WYRK

Those in Pennsylvania and southern areas will get mostly freezing rain and rain showers, but snow is New York State’s story, and the further east and north you go, snow totals become more important.

More than 20 counties in New York State will be subject to a winter storm warning, which includes Oswego, Jefferson, Lewis, Hamilton, Essex, Warren and Saratoga counties.

The National Weather Service predicts 8 to 12 inches of snow likely for areas off Lake Ontario. 6 to 8 inches for those in the Finger Lakes region, and only 4 to 6 inches for those in western New York near Buffalo.

If you live in central or upstate New York, you will see more snow totals than the western New York and New York areas.

The storm will arrive late Thursday evening and Friday. It looks like Friday morning will be the worst of the storm, so drive carefully tomorrow and allow yourself plenty of extra time.

Here are the snow totals expected for the weekend in New York

Another massive snowstorm is sweeping the country and we will feel its effects here in New York State.

Have you tried these 10 snow and ice removal tips?

Here are the 10 tips you absolutely need to know for clearing snow and ice.

The 100 Best Places to Live on the East Coast

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