Call for 3rd-party contractor for highway maintenance | Pune News

Pune: Frequent commuters sought appointment of a third-party contractor for the maintenance of the Pune-Satara highway, after 57 accidents caused 23 deaths on the treacherous stretch from April to September.
Commuters claimed that the road condition had deteriorated during and after monsoon, leading to frequent tyre bursts and accidents. Pavanjit Mane, a city-based IT professional spearheading the movement for the completion of the highway, said, “Potholes along the highway have become deeper. No remedial action has been taken so far. The incomplete stretches have remained untouched. The bad patches catch commuters by surprise and often lead to tyre bursts. If Reliance Infra cannot complete the project, a third-party contractor must be appointed by the National Highways Authority of India (NHAI) to maintain the road, if not for completing the project.”
SD Chitnis, the general manager of the NHAI, said, “Reliance Infra began the maintenance work earlier this week. Work was
Read More

Would planning permission add to the value of a site for sale?

My father has a site in our local village. It’s approximately 40 metres x 25 metres. The land is zoned A2. He is thinking of selling it. Should he sell it as is or should he seek planning permission to build one or two houses on it and then sell, in order to achieve maximum market value? Should he build it out himself? Are there any other factors he should take into consideration when preparing the site for sale?

Paul Stack replies: With regard to this query, my initial thoughts are that the plot should be subdivided if at all possible in order to maximise value. It is not mentioned whether it is the 40m or the 25m measurement that fronts onto the public road. A more significant road frontage would potentially allow for a number of residential sites with direct access onto the public road. This of course would

Read More

Deadline extended to apply for COVID-19 Real Estate and Personal Property Tax Relief Program in VB

VIRGINIA BEACH, Va. (WAVY) – City officials announced Wednesday that the deadline to apply for the COVID-19 Real Estate and Personal Property Tax Relief Program in Virginia Beach has been extended.

The Department of Human Services will continue accepting applications through Nov. 30. A check for the eligible relief amount will be mailed to approved applicants.

“We have received a steady stream of applications for this program since it began in July, and we will continue offering it to help those who have been financially impacted by the pandemic in our community,” said Deidria Bolden, deputy director of social services.

The city council established the program with the goal to provide direct assistance to households where an occupant has been financially impacted through loss of employment, reduction in work hours, or has been furloughed as a result of COVID-19.

A maximum relief of $500 for residential real estate taxes and

Read More

Treasure Valley commercial real estate roundup | Money


An undisclosed buyer purchased a 20,800 square foot industrial building located at 6180 W. Gowen Road. Chris Pearson and Devin Pierce of TOK Commercial represented the seller. Michael Bergmann of Lee & Associates represented the buyer.

Red Fox Home Care leased 1,434 SF of office space at 1755 N. Westgate Dr. Drey Campbell of NAI Select represented the tenant. Dave Cadwell and Scott Raeber of Colliers International represented the landlord.

Uniforms2Gear Inc. leased 5,846 SF of retail space at 10525 & 10527 W. Overland Road. Darin Burrell of Intermountain Commercial represented the tenant. Mike Christensen of Colliers International represented the landlord.

Corporate Office Installations LLC leased 17,360 SF of industrial space at 25 & 27 N. Phillippi St. Dan Minnaert of TOK Commercial represented the tenant. Jake Tucker of Colliers International represented the landlord.

Express Messenger Systems Inc. dba OnTrac renewed 63,000 SF of industrial space at

Read More

NYC Executives Commuting to Work by Air From Vacation Homes

(Bloomberg) — To get a sense of how — and where — New York City’s financial executives are living these days, Rob Wiesenthal might be a better source than the Census bureau.


Load Error

Sometime around August, Wiesenthal, co-founder of a private helicopter and seaplane business, noticed an unusual travel pattern among clients, many with second homes in the Hamptons and the Hudson Valley, where they’d been living since pandemic-related lockdowns began in March.

Executives were suddenly filling planes into Manhattan on Friday mornings, an unusual choice for clientele that stays out of the city on weekends. They also booked quick midweek jaunts, arriving early morning, with no luggage, and staying only a day, maybe two.

“Imagine if, when it got cold, all the birds started going north,” said Wiesenthal, chief executive officer of Blade Urban Air Mobility. “It made no sense.”

What he soon realized was this: well-heeled New

Read More

What Is a Commercial Real Estate Refinance? How Does It Work?

At its core, a commercial real estate refinance involves taking out a new loan to pay off an existing one. Investors often use refinancing as a method to secure better loan terms. With that in mind, here’s a guide to the commercial refinancing process. You’ll learn about when it makes sense to refinance, eligibility requirements you might face, and tips on how to find the best loan program for you.

Why would an investor consider a commercial real estate refinance?

Now that you have a better idea of what a commercial real estate refinance is, the next step is to take a look at the reasons why someone might want to refinance their commercial loan. Truthfully, there are many benefits to making this financial move, such as the following.

Avoiding balloon payments

Commercial loans mature much faster than residential mortgages. While these loans still amortize over a period of 25

Read More

Don Ravi Pujari indicted for extortion call to Kasaragod-based contractor- The New Indian Express

By Express News Service

KASARGOD:  The Kerala Crime Branch has indicted mobster and extortionist Ravi Pujari — who is in a Bengaluru jail now — for trying to extort money from a Kasaragod-based contractor and opening fire at his house at Bevinja.

Contractor M T Muhammed Kunhi had got extortion calls allegedly from Pujari and his henchman Manish Shetty in 2008 and 2012, and gunshots were fired at his house on both occasions.

Pujari, a native of Dakshina Kannada, has been indicted in the case of the 2008 shooting.

Kunhi, who refused to pay up, said he got a paper with the name of Ravi Pujari on his verandah soon after the 2008 shooting.

Crime Branch inspector C A Abdul Raheem, who investigated the case, submitted the chargesheet at the Kasaragod court on Friday. Crime Branch inspector Rahim is likely to go to Bengaluru to record his arrest.

Eight persons

Read More

Real Estate Rumors: Bell, Plaza Construction, Related

Law360 (October 30, 2020, 6:01 PM EDT) — Bell Partners has picked up a pair of Boca Raton, Florida, apartment complexes for a total of $94.25 million, the South Florida Business Journal reported on Friday. The deal is for the 180-unit 5500 Broken Sound Blvd. and the 90-unit 950 N.W. Broken Sound Parkway, according to the report. A venture of Mainstreet Capital Partners and New Century Cos. sold the larger complex and Bluerock Real Estate sold the smaller property, the journal reported.

Plaza Construction has inked a deal to lease 14,405 square feet on Lexington Avenue in Manhattan, Commercial Observer reported on Friday. The firm is taking space at…

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the

Read More

FCPT Announces Sale Leaseback of a BJ’s Restaurant Property for $3.8 Million | 2020-10-30 | Press Releases

Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a corporate-operated BJ’s Restaurant (NASDAQ: BJRI) property for $3.8 million via a sale-leaseback. The property is newly constructed and located in Ohio and is occupied under a triple-net lease with 15.0 years of term, and four, 5-year options. This transaction is the second and last acquisition of the two-property sale-leaseback with BJRI announced in September 2020. The transaction was priced at a cap rate in range with previous FCPT transactions.

About FCPT

FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail

Read More

Is Stephon Gilmore’s house for sale as Patriots trade rumors swirl?

Ready to go down a rabbit hole?

The NFL trade deadline is less than a week away, and there’s speculation the New England Patriots may consider trading All-Pro cornerback Stephon Gilmore.

The MMQB’s Albert Breer reported the Patriots had conversations about dealing Gilmore as recently as August, while our Tom E. Curran has laid out why moving the reigning NFL Defensive Player of the Year may make sense for the 2-4 Patriots.

Curran: If Pats are sellers at the deadline, Gilmore could go

That’s the backdrop for a report Wednesday from WEEI’s “The Greg Hill Show” that Gilmore’s house is now on the market.

Where’s the evidence, you ask? Well, Twitter detectives did some digging and found a house in Foxboro — a short drive from Gillette Stadium — that was just listed for sale Tuesday on

Real estate documents confirm that house is on the market and belongs

Read More