Newsmax is not for sale, has no plans for any Trump-related deal, founder says.

Newsmax, the conservative South Florida media company, is not for sale and has no plans to enter into any agreements with outgoing President Donald Trump, founder and CEO Christopher Ruddy said Monday.

The company, based in Boca Raton, became the subject of a flurry of news reports over the weekend that certain “Trump allies” were interested in buying Newsmax with the aid of a private investment firm Hicks Equity Partners, which is based in Dallas.

“There was no real formal deal,” Ruddy said in a telephone interview Monday. “They just suggested they might have an interest. We’re not actively selling. My focus is building Newsmax into a major news property.”

A long-time friend of the president, Ruddy added he hasn’t talked to Trump about any media deals or any positions with Newsmax.

“I have not talked to him about it,” he said. “I don’t think he wants to own

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The Middle Class is in Danger of Becoming Obsolete, Fortunately, Nikki Merkerson, Founder of Pairgap has a Solution

BROOKLYN, NY / ACCESSWIRE / November 12, 2020 / “Middle-class millennials are in danger,” warns Nikki Merkerson, entrepreneur, mother, and founder of Pairgap.

If millennials, who make up a quarter of the nation’s population, according to the United States Census, are in danger, the rest of the nation should take notice. This looming peril is not the consequence of too much time spent on smartphones or their quirky dating habits. The real and present danger is that many middle-class millennials risk losing their middle-class status and falling into a lower income bracket, according to Merkerson. For the middle-class demographic, ranging between 24 and 39, their “averageness” may just be their biggest adversity. According to a recent Business Insider article, rent, college tuition, and the cost of buying a home have all increased faster than the average income in the US. Although millennials have benefited from a 67% income

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Morningstar founder Joe Mansueto buying Waldorf Astoria Chicago

Mansueto’s Waldorf deal underscores the painful new coronavirus reality for hotel investors, especially for luxury hotels like the Waldorf where demand has been the slowest to bounce back. Occupancy at downtown hotels that were open during the last week of October was just 19 percent, down 73 percent from the similar week in 2019, according to hotel research firm STR.

Mansueto is betting that hotel demand will come back strong, though the low purchase price for the Waldorf limits some of his risk.
Other Chicago hotels have signaled the dramatic loss in value, especially those that rely heavily on convention and corporate group business. Many property owners have been working with their lenders to modify loan terms as the crisis shows no sign of relenting.

The most prominent case was that of the Palmer House Hilton hotel in the Loop, which was appraised in August at $305 million—45 percent less

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California ranch that once belonged to McDonald’s founder Ray Kroc listed for sale

This property comes with everything but the fries.

A California ranch that once belonged to Ray Kroc, the late businessman who grew McDonald’s into a national chain, is on the market for $29 million.

Kroc was the founder of the company that became the modern McDonald’s Corp., which bought the rights to the restaurant and its revolutionary fast-food operating system from Dick and Mac McDonald in the 1950s.

Actor Michael Keaton portrayed Kroc in the 2016 biopic, “The Founder.”

Kroc later bought MLB’s San Diego Padres and headed the philanthropic Kroc Foundation.

Ray Croc’s first McDonald’s restaurant in Des Plaines, Ill. (iStock)


The property’s history as a ranch in the Santa Ynez Valley, Santa Barbara County, has been traced to 1861, according to the listing.

The ranch was known as

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Uber Founder Turns Real-Estate Mogul for Ghost Kitchen Startup

The former chief executive of

Uber Technologies Inc.

has been quietly assembling a mini real-estate empire over the past two years, acquiring closed restaurants, auto-body shops and warehouses for use in his new ghost kitchen venture.

Entities tied to Travis Kalanick’s CloudKitchens, a startup that rents out space to businesses that prepare food for delivery, have bought more than 40 properties in nearly two dozen cities for more than $130 million, according to a Wall Street Journal review of public property and corporate records and data from the commercial real-estate database Reonomy.

The analysis linked various limited-liability companies that own the properties to business addresses of CloudKitchens’ parent, City Storage Systems LLC, and to its senior leaders. These acquisitions include buildings from Portland, Ore., and Las Vegas to Columbus, Ohio, and Nashville.

While real-estate brokers said they were aware that Mr. Kalanick’s firm had been in the market, the extent

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