Tokyo leader remains firm about hosting Olympics

TOKYO — Tokyo Governor Yuriko Koike remains firm about safely hosting the Olympics in July.

Japan has experienced an uptick in infections this month, with a nationwide daily total exceeding 2,000 as the government tries to balance preventive measures and business activity.

International Olympic Committee President Thomas Bach spent four days in Tokyo last week trying to assure the public and sponsors the Olympics will take place on July 23.

Koike credits widespread use of masks for Japan’s lower infections compared to the United States and Europe. Tokyo topped 500 cases last week. It reported 186 new cases on Tuesday for a total of nearly 38,200.


The health ministry says Japan has 135,000 total cases and nearly 2,000 confirmed deaths. The U.S. has 12.4 million cases and more than 258,000 deaths. Britain leads Europe with 1.5 million cases and 56,000 confirmed deaths.

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Gold Prices Fall On Firm Dollar

(RTTNews) – Gold prices fell on Thursday to hover near a one-week low, as the dollar benefited from uncertainties over a spike in new coronavirus cases in the United States and Europe as well as reports suggesting that the EU has put together a proposal for a no-deal Brexit.

Spot gold fell 0.8 percent to 41,858.39 per ounce, while U.S. gold futures were down 0.9 percent at $1,856.95.

New York City public schools are closing and returning to remote learning for all 1.1 million students, signaling that a second wave of the coronavirus has arrived.

Minnesota Gov. Tim Walz announced a month-long stop to social gatherings, gyms and indoor service at bars and restaurants as the virus spread spiked to a record high.

U.S. land borders with Canada and Mexico are expected to remain closed to non-essential travel until Dec. 21 amid a rising number of U.S. coronavirus cases.

The

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Flat-fee real-estate brokerage firm enters Denver real estate market

Metro Denver yards will start sprouting a new kind of for-sale sign, ones from Homie, a Utah real estate brokerage that charges a flat fee of $3,000 to sell a home rather than the typical sell-side commission of up to 3% of the sales price.

“We view ourselves as a disruptive real estate company that uses technology to streamline the process and reduce the fees,” said Melissa Millan, the company’s general manager in Colorado. “We want to have your back as your homie would.”

Several brokerages, including Trelora, Redefy, and REX, have entered the fray in metro Denver, offering a flat-fee or heavily discounted listing commission. So far, they haven’t overturned the conventional commission structure, which runs 5% to 6% on a sale.

Homie, by contrast, got its start in Salt Lake City in 2015 and is now that state’s leading brokerage in sales volume, Millan said. It hopes to

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Clover Management sells condo association division to Rochester firm | Local News

Marvin said RPG now has “so much traction in Buffalo,” and he hopes to grow the business by at least 10% a year through adding new associations.

“Buffalo’s going to be larger than Rochester, and we’ve been working for so long in this market,” he said. “It was all about timing, just everything going on in the world. It’s a perfect fit for us. It’s a win-win for both parties.”

Clover Group, a real estate development and management company, has been involved in land development, property management, investment and construction since 1989. The company has bought or developed more than 6,500 apartments and over 800,000 square feet of commercial space – valued at more than $700 million – in New York, Pennsylvania, Indiana, Ohio, Kentucky and Missouri.



Michael Joseph

Michael Joseph, owner and president of Clover Management.


It still manages 6,000 apartments and 250,000 square feet of commercial and retail space –

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Pandemic provides property purchase position for private equity firm

When the pandemic shut down cities around the world and sparked a recession, debt funds — pools of investor money often used to make short-term loans for commercial real estate when banks will not — suddenly stopped lending.

“The market froze up,” said Michael Thompson, vice chairman of commercial real estate company CBRE’s debt and structured finance team in Houston. “The reason for that was obviously the uncertainty in the market.”

For Houston-based private equity firm Three Pillars Capital, the freeze, which lasted roughly from March through August according to Thompson, was an opportunity. The company buys older apartment buildings and renovates them with the goal of raising rents — a business model that usually depends on debt funds that give out loans large enough, compared to the value of the building, to cover renovation costs. But because Three Pillars has an in-house construction company, it did not need the

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Buyout firm CVC puts digital fraud prevention company Kount up for sale -sources

By David French

Nov 10 (Reuters)Private equity firm CVC Capital Partners Ltd is exploring a sale of its majority stake in Kount Inc in a deal that could value the U.S. digital fraud protection company at more than $750 million, including debt, according to people familiar with the matter.

The deal would come as the COVID-19 pandemic keeps many consumers at home and forces them to carry out more of their business and shopping online, boosting demand for cybersecurity offerings that protect personal information.

CVC is working with an investment bank on an auction for Kount, which is at its early stages, the sources said, requesting anonymity because the matter is confidential.

CVC declined to comment. Kount did not respond to a comment request.

CVC invested $80 million in Boise, Idaho-based Kount at the end of 2015. It was the second investment made by its CVC Growth

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Lincoln commercial real estate vets form new firm | Local Business News

Several veterans of the Lincoln commercial real estate market have formed their own firm.

LINE Partners, which is affiliated with Omaha-based companies, OMNE Partners and Seldin Company, as well as Chicago-based Agman, is now offering a full suite of commercial real estate services in the Capital City.

Chris Vasek, a 14-year veteran of the Lincoln market, is the president of LINE Partners, and Michelle Wangler, vice president of property management, has 20 years of experience. Both most recently worked for NAI FMI Realty.

Other members of the firm are senior associate Mattison Wenzl, who also formerly worked at NAI FMA, and sales associate Pat Heiser.


Residential portion of Lincoln’s Telegraph District making progress


Pandemic will end Nebraska Club’s 66-year run in Lincoln


Many downtown Lincoln projects still moving forward despite pandemic


Biz Buzz: One downtown restaurant closed; another plans to open in south Lincoln

Photos: New construction in Lincoln

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Buyout firm CVC puts digital fraud prevention company Kount up for sale: sources

(Reuters) – Private equity firm CVC Capital Partners Ltd is exploring a sale of its majority stake in Kount Inc in a deal that could value the U.S. digital fraud protection company at more than $750 million, including debt, according to people familiar with the matter.

The deal would come as the COVID-19 pandemic keeps many consumers at home and forces them to carry out more of their business and shopping online, boosting demand for cybersecurity offerings that protect personal information.

CVC is working with an investment bank on an auction for Kount, which is at its early stages, the sources said, requesting anonymity because the matter is confidential.

CVC declined to comment. Kount did not respond to a comment request.

CVC invested $80 million in Boise, Idaho-based Kount at the end of 2015. It was the second investment made by its CVC Growth Partners I fund, which buys into

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Denver’s historic Larimer Square under contract to be sold to North Carolina real estate firm

Less than two weeks after longtime owner Jeff Hermanson informed tenants in Denver’s historic Larimer Square he intended to sell the block, a potential buyer has the property under contract.

Retail real estate investment firm Asana Partners, out of Charlotte, N.C., is in talks to buy the buildings lining Larimer Street between 14th and 15th streets, Hermanson confirmed Tuesday.

The company specializes in buying and running high-end retail in trendy and popular neighborhoods across the country, including in Deep Ellum in Dallas and Atlanta’s Inman Park.

“As I stated in my letter to tenants, it was important to me to find a new owner for Larimer Square who would respect the legacy of this historic block and bring the resources to ensure its continued vitality,” Hermanson said in an emailed statement. “Given the status of the transaction, we cannot provide any additional information right now, but will make an official

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Maryland-based firm Realterm scoops up East Williamsburg industrial property for $28 million

Realterm has properties across the country, including in Westchester County, Chicago, Texas and California. The company also purchased the former Modell’s Bronx warehouse at 1500 Bassett Ave. for $115 million in 2019. In August the warehouse was reported to have been leased by Amazon, according to the New York Business Journal. The warehouse spans 366,000 square feet.

Industrial real estate has been one of the few bright spots for New York’s real estate market, especially as sectors such as office and retail struggle with the impact of the pandemic. Leasing activity for industrial properties surged by more than 70% during the third quarter, and the availability rate and average asking rent held steady at 8% and $22.98 per square foot, a CBRE report found.

Seventeen investment sales in New York’s industrial market were made during the third quarter. The sales span more than 1 million square feet, an increase of

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