Day: December 4, 2020

HOMES

Coronavirus deaths at Connecticut nursing homes continue to escalate amid second wave

2 months ago
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The coronavirus onslaught in Connecticut nursing homes continued with an additional 75 deaths this week, leaving providers, families and state officials looking toward the tantalizingly close approval and dissemination of a COVID-19 vaccine.



a person riding on the back of a car: Norman Swady, with Charter Oak Health Center, swabs a community member as the Xfinity Theatre hosted free COVID-19 drive-thru testing in the parking lot Saturday, Nov. 21, 2020, in Hartford, to help meet the needs of testing around the city.

© Kassi Jackson/Kassi Jackson/Hartford Courant/TNS
Norman Swady, with Charter Oak Health Center, swabs a community member as the Xfinity Theatre hosted free COVID-19 drive-thru testing in the parking lot Saturday, Nov. 21, 2020, in Hartford, to help meet the needs of testing around the city.

During the week of Nov. 25-Dec. 1 there were a total of 159 COVID deaths in the state, with about 66% of the total among nursing home residents, according to state Department of Public Health data released Thursday.

The increases in both infections and deaths continues a troubling trend that began several weeks ago and shows no signs of abating. As the virus has spread through communities across the state, it

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HOMES

Vaccine rollouts offer dose of hope for Houston-area nursing homes hit hard by COVID-19

2 months ago
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Melinda Hicks has seen her 75-year-old mother just once in the last eight months, a brief visit in late October to the Alzheimer’s unit at a Texas City nursing home, before a recent spike in COVID-19 cases again restricted in-person visits to residents.

When Hicks heard that Texas would be receiving millions of doses of a recently authorized COVID-19 vaccine that prioritizes nursing home residents, she was hopeful that she might be able to hold her mom’s hand again, maybe even before the holidays.

“I’m not an anti-vaccine person,” Hicks said, noting that as her mother’s medical power of attorney, she would have to sign off on her getting a dose. “I get my flu shot every year. I make sure (my mom) gets hers. I wouldn’t have a problem with her taking the vaccine.”

While COVID-19 cases continue to rise across Texas, there is renewed optimism that this latest

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HOMES

Committee calls for investigation into ‘missing’ $67 billion, which may be stashed in homes, according to UK ministers

2 months ago
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The Bank of England and Royal Exchange in London.

Simon Dawson/Reuters

  • About $67 billion in cash is missing, according to the Public Accounts Committee, a group of UK ministers.
  • The PAC in a Friday statement accused the Bank of England of not knowing where the money was, saying it might be used in the shadow economy. 
  • The Bank of England denied that the money is missing, but a Labour minister said it has been “stashed somewhere.”
  • Visit Business Insider’s homepage for more stories.

About $67 billion in cash is “missing,” possibly stashed in homes or used in the “shadow” economy, a group of UK ministers said Friday. 

Nobody at the Bank of England seems to care too much about where the $67 billion in banknotes has gone. This was the view expressed on Friday by the Public Accounts Committee (PAC), which is responsible for overseeing government expenditures.

The committee accused

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HOME FOR SALE

Best Cyber Week Smart Home Deals 2020: Google Nest and Echo

2 months ago
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Cyber Monday has passed, but that doesn’t mean the sales are over. Many of the same Cyber Monday deals continue during Cyber Week. There are loads of remaining Cyber Week smart home deals on sale at big discounts. If you’ve been on the lookout for smart devices — robot vacuums, smart speakers, video doorbells, and more, these continuing Cyber Week deals are going on during one of the best times to find the greatest selection at the best prices. With so many deals popping up on every big tech retail site, we’ve made your job easier, curating the best remaining Cyber Week smart home deals available right here. All you need to do is start shopping but act fast because most sales are winding down for the day.

We’ve also rounded up the best continuing Cyber Week robot vacuum deals, Cyber Week Ring video doorbell deals, and Cyber Week Amazon

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HOMES

Vaccine rollouts offer glimmer of hope for Houston-area nursing homes hit hard by COVID-19

2 months ago
[email protected]_84

Melinda Hicks has seen her 75-year-old mother just once in the last eight months, a brief visit in late October to the Alzheimer’s unit at a Texas City nursing home, before a recent spike in COVID-19 cases again restricted in-person visits to residents.

When Hicks heard that Texas would be receiving millions of doses of a recently authorized COVID-19 vaccine that prioritizes nursing home residents, she was hopeful that she might be able to hold her mom’s hand again, maybe even before the holidays.

“I’m not an anti-vaccine person,” Hicks said, noting that as her mother’s medical power of attorney, she would have to sign off on her getting a dose. “I get my flu shot every year. I make sure (my mom) gets hers. I wouldn’t have a problem with her taking the vaccine.”

While COVID-19 cases continue to rise across Texas, there is renewed optimism that this latest

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HOME FOR SALE

Is Home Affordability Out the Door for 2021?

2 months ago
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Home prices have skyrocketed since the initial onset of the global pandemic. Initial concerns over another housing crisis were quickly defeated as record-low inventory drove prices up in 2020. Low mortgage rates have helped offset rising home prices, but low rates won’t be able to do that forever.

Home affordability has been a growing concern for the past several years, and as we enter 2021, the outlook on home affordability doesn’t look much better in the coming year. Prospective homebuyers and investors hoping for some give in real estate values may be sorely disappointed.

Low inventory and high demand will dominate 2021

Realtor.com recently conducted a national forecast study for the 2021 housing market that predicts existing home sales will rise 7% above 2020 levels. Interest rates are expected to increase slightly in the second half of 2021, which may cause a short-term spike in buyers trying to capitalize on

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DUPLEX FOR SALE

Three offers for large Mount Pleasant duplex

2 months ago
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629 E. 13th Ave., Vancouver

Asking price: $1.388 million

Selling price: $1.451 million

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Previous selling price: $750,000 (2011)

Days on market: six

Taxes: $4,902.68

Listing agent: Mary Cleaver, Re/Max Select Realty

The action

This spacious duplex has a gas fireplace and large windows overlooking a south-facing front yard.

Re/Max Select Realty

The sellers were the original owners of the duplex built in 2010. The young family wanted to move into a detached house closer to where their children attend school. The buyers were a young family moving from a condo unit. The seller’s agent received three offers. The sale completed Nov. 17.

What they got

The unit has radiant in-floor heating and hardwood floors.

Re/Max Select Realty

This spacious duplex has 1,647 square feet of living space, with three bedrooms and two bathrooms, radiant in-floor heating, a gas fireplace, hardwood floors and large windows overlooking a

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HOMES

Nursing homes to get first COVID vaccinations in Sweden

2 months ago
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STOCKHOLM (Reuters) – Around 600,000 residents of nursing homes for the elderly as well as staff and residents’ relatives will be the first in Sweden to be vaccinated against the new coronavirus, the government said on Friday.

FILE PHOTO: A member of nursing staff vaccinates a person against influenza as vaccination to high risk group patients is administered outdoors to prevent the spread of the coronavirus disease (COVID-19), in Trelleborg, southern Sweden November 19, 2020. TT News Agency/Johan Nilsson via REUTERS

Sweden has signed up to receive five of the six vaccines to be purchased through the European Union’s common procurement scheme; the first, from Pfizer and BioNTech’s, could be approved by the European Medicines Agency in late December.

“First, we need to protect the most vulnerable, then vaccinate the whole population so the pandemic slows and then is stopped,” Johan Carlson, head of the Public Health Agency, told a

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FORECLOSURE

Wonder Work Construction Sues Lender to Stop UCC Foreclosure

2 months ago
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The Vitre at 302 East 96th Street with Wonder Works Construction’s Joseph Klaynberg and Daniel Klaynberg (Vitre NY; Wonder Works)

The Vitre at 302 East 96th Street with Wonder Works Construction’s Joseph Klaynberg and Daniel Klaynberg (Vitre NY; Wonder Works)

 

Wonder Works Construction is not letting an Upper East Side condo go without a fight.

The developer has filed a lawsuit against mezzanine lender Nahla Capital, aiming to block a UCC foreclosure auction for a loan tied to its building at 302 East 96th Street, known as the Vitre.

Nahla Capital hired a team of JLL brokers to market the loan back in October, with the auction scheduled for Dec. 8.

But in a lawsuit filed Thursday in state court, Wonder Works argued the sale was a “predatory attempt to capitalize on the Covid-19 pandemic,” engineered to take over the condo.

The language is almost identical to that in an HFZ Capital Group lawsuit filed last month to stop a mezzanine lender on four of its Manhattan condos from moving

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LAND FOR SALE

Rexford Industrial Acquires 18-Building Industrial Portfolio for $154.6 Million

2 months ago
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LOS ANGELES, Dec. 4, 2020 /PRNewswire/ — Rexford Industrial Realty, Inc. (the “Company” or “Rexford Industrial”) (NYSE: REXR), a real estate investment trust focused on creating value by investing in and operating industrial properties located in Southern California infill markets, today announced the acquisition of an industrial property portfolio for $154.6 million. The acquisition was funded with cash on hand.

“This investment demonstrates Rexford’s sharp-shooter advantage by leveraging our proprietary originations platform to acquire an 18-building portfolio of irreplaceable industrial properties through an off-market transaction in one of the nation’s lowest-supply, highest-demand submarkets,” stated Howard Schwimmer and Michael Frankel, Co-Chief Executive Officers of the Company. “Located adjacent to the Van Nuys Airport in the L.A. – San Fernando Valley submarket, Van Nuys Airport Industrial Center provides  exceptional last mile and ecommerce functionality servicing the San Fernando Valley and West Los Angeles markets, one of the largest concentrations of

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