Munich Leukemia Laboratory put up for sale -sources

FRANKFURT, Oct 26 (Reuters) – German diagnostics firm Munich Leukemia Laboratory (MLL) has been put up for sale by its founders as they seek to lock in high prices for healthcare assets, sources close to the matter said.

The owners, led by Torsten Haferlach, have asked Goldman Sachs to find a buyer for the company which employs around 200 staff and specialises in leukaemia diagnostics and research, the three sources said.

MLL generates annual earnings before interest, tax, depreciation and amortisation of around 40 million euros ($47 million) and may be valued at 11-12 times that, in line with valuations of other labs groups, they said.

The company has already sent out first information packages to prospective bidders, they added.

Several private equity firms are studying the dossier and weighing the company’s revenue growth against factors such as the regulatory risk of potential price caps and the key-person-risk of MLL

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UWM Homeowner Study Shows Consumers are Shopping, Financing and Selling Homes Differently Amid COVID-19 Pandemic

PONTIAC, Mich., Oct. 26, 2020 /PRNewswire/ —  United Wholesale Mortgage, (UWM), #1 wholesale lender and largest purchase mortgage lender in America, announced the results from its 2020 COVID-19 homeowner survey. The survey was conducted by a third party to survey 1,000 U.S. homeowners in September 2020.

“Home is more important than ever today,” said Sarah DeCiantis, CMO of UWM. “So we responded to the need in the market by making rates in the two’s available for new homes, refinances and cash-out refinances available exclusively through independent mortgage brokers.”

Key findings include changes in home buying habits during COVID-19:

  • Close to half of the consumers surveyed who moved to a new home moved to the suburbs since March 1, 2020.
  • Since March 1, 2020 70% of the people surveyed who purchased a new primary home also sold their old home, with nearly 3 in 4 consumers selling
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U.S. Grocery Consumers Increasingly Worried About Personal Finances, Rising Food Prices

91 percent of consumers are closely watching grocery prices

Walmart, Aldi and Kroger are top three ranked retailers for value

dunnhumby, the global leader in customer data science, today released findings from the fifth phase of the company’s worldwide study of the impact of COVID-19 on customer attitudes and behavior. The dunnhumby Consumer Pulse Survey found that 49% of U.S. consumers surveyed reported that their personal finances were poor, an increase of nearly 20% since July. In addition, 68% reported that the economy wasn’t doing well and 91% said they are closely watching store prices. The “dunnhumby Worry Index,” a measure of how concerned consumers are about COVID-19, is now down to 24% in the U.S., a drop of 5% compared to July.

This press release features multimedia. View the full release here:

In the U.S., the number of weekly in-store shopping trips is increasing to 5.4, as consumer

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Banks may have to brace for heavy losses as commercial property prices plunge

  • In previous downturns, commercial property loan losses were “heavy” and there are worrying signs that such a trend could be repeated this time during the pandemic-induced slowdown, Oxford Economics’ Adam Slater said in a report.
  • During the 2008 great financial crisis, for example, such loan losses accounted for between 25% and 30% of total loan write-offs in the U.S.
  • “Large (commercial real estate) price declines generally translate into big losses for banks,” Slater, an economist at the firm, wrote.
  • This time those risks look highest in the U.S., Australia, and parts of Asia such as Hong Kong and South Korea.

a person standing in front of a building

© Provided by CNBC

SINGAPORE — Commercial real estate prices have plunged this year as people stopped going into offices, and retail businesses were disrupted. That could lead to a significant amount of losses for banks, according to a recent report.


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In previous downturns, commercial property loan losses

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Agent honored, Coldwell Banker and Michael Saunders add to teams

Bill Geller, a broker-associate with Re/Max Platinum Realty, has been recognized as a member of the Florida Realtors Honor Society for the 13th year.

The Honor Society recognizes members of local boards who are active in the state association. Geller has been a licensed Florida real estate broker for 30 years.

He was president of the Sarasota Association of Realtors (now the Realtor Association of Sarasota and Manatee) in 2009 and has served on numerous committees, earning the Realtor of the Year Award in 2012. He currently serves on the board of directors for Florida Realtors.

Prior to his real estate career, Geller held staff positions at the Greater Sarasota Chamber of Commerce, including general manager and director of membership.

He is a Certified International Property Specialist and a Resort and Second Home Property Specialist.

Geller is based in the RE/MAX Platinum Realty downtown Sarasota office.



Nikki Farny-Edwards

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Grocery prices are down from their COVID-19 summer peaks. But here’s why your food bills are still stubbornly high.

Eva Rosol was stunned during the summer when a rotisserie chicken that she could normally find on sale for $6 suddenly set her back $15.

Rosol, a resident of the Chicago suburb Westmont, Ill., who lost her job as a substitute teacher when COVID-19 shut schools in March, could afford it thanks to the extra $600 per week in unemployment benefits the federal government offered during the first four months of the pandemic. But those extra benefits expired in late July.

Now Rosol, 54, who has a business degree and is seeking a job in sales, receives $108 weekly in unemployment aid. Meanwhile, her husband, who sells advertising for an auto and RV magazine, is making a quarter of what he normally earns.

Rosol has nixed the one night a week they used to eat out, shops the circulars and frequents five different grocery stores to find the lowest prices,

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Pacific Sun Real Estate Announces Buyer Rebate Program 2020

IRVINE, Calif., Oct. 26, 2020 /PRNewswire/ — Pacific Sun Real Estate has launched a novel rebate program to reward buyers who purchase real estate in Irvine California in 2020.  Depending on the purchase price of the property, the rebate can range from $1000 to $10,000

“The current status of the real estate market in the era of COVID-19 requires an assessment of the stability of individual markets for buyers considering a permanent move. What we are finding is that signs of economic optimism persist with respect to the Southern California housing market and buyer demand continues to accelerate despite the pandemic” states Barbara J Gilbert, Principal Broker at Pacific Sun Real Estate.

“Additionally, Interest rates for 30-year, fixed-rate mortgages dipped to another all-time low last week, according to the latest survey from Freddie Mac and those record-low rates significantly boost home affordability in California.  Record low rates

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Building contractor’s body found in bed box, friend missing

© Provided by Hindustan Times

The semi-decomposed body of a building contractor (27) with multiple stab wounds was found inside a bed box in his rented flat at Sant Nagar in north Delhi on Saturday evening.

The contractor’s childhood friend, who was sharing the flat with the deceased for the past three months, is missing, Delhi Police said.

The murder victim’s family members have alleged that he was killed for money, as around Rs 2.5 lakh in cash is missing from the flat.

The police are conducting a probe on the lines of personal enmity and stolen cash. A murder case under section 302 of the Indian Penal Code (IPC) has been filed at the Burari police station.

The deceased, Sameer Malik, belonged to Moradabad in western Uttar Pradesh (UP).

Also Read: 18-year-old woman found dead in Delhi’s Tahirpur

He lived in a rented flat on the first floor of

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Nursing homes prepare for third COVID-19 surge

 Nursing homes, long in the spotlight as a key battleground in the fight to prevent the spread of COVID-19, are making key structural changes to prepare for an expected third surge of the disease. 

Facilities have implemented increased testing, promoted mask use and changed clinical practices in an effort to protect older Americans who are at higher risk of complications from the coronavirus.

While many changes are temporary to mitigate the virus until a vaccine is available, others are more permanent.

I think that what wont end will be a renewed and strengthened emphasis on infection control,” said Mark Parkinson, CEO of the American Health Care Association and National Center for Assisted Living (AHCA/NCAL).

The AHCA/NCAL, which represents more than 14,000 skilled nursing centers, assisted living communities and other homes, is preparing for “the next pandemic,” Parkinson said, as many weren’t prepared for the current one.

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Blackstone Real Estate Income Trust to Acquire Simply Self Storage for Approximately $1.2 Billion

Blackstone Real Estate Income Trust, Inc. (“BREIT”) today announced that BREIT has entered into a definitive agreement to acquire Simply Self Storage from a Brookfield Asset Management real estate fund for approximately $1.2 billion. Simply Self Storage is one of the top five private owners of self-storage and operates a high-quality portfolio totaling eight million square feet across the U.S. BREIT currently owns a $300 million portfolio of self-storage facilities, and following this acquisition, BREIT will be the third largest non-listed owner of storage in the U.S.1

Frank Cohen, Chairman and CEO of BREIT, said, “This transaction is a complementary addition to BREIT’s high-quality portfolio of income-generating real estate, which is heavily weighted towards logistics and multifamily primarily in growth markets. Simply Self Storage is a best-in-class company with significant potential for growth through future acquisitions in a highly fragmented sector, and similar to logistics, self-storage is a resilient

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