Trump may be coming to terms with loss he won’t acknowledge

WASHINGTON – President Donald Trump still won’t bring himself to concede the election he decisively lost to President-elect Joe Biden. But he’s now acknowledging he will leave the White House if Biden’s win is affirmed by the Electoral College, which is firmly on track to do just that in a few weeks.

“Certainly I will,“ he said Thursday when asked if he will vacate the premises after electors make Biden’s win formal. “But you know that.”

Trump, who took questions from reporters for the first time since the election, unleashed another round of complaints about the vote and theatrical warnings that “a lot of things” would happen before the Electoral College meets Dec. 14 that could possibly change results. But while he’s stirring uncertainty about how he will behave in the weeks ahead, there is no real suspense about the outcome.

All states must certify their results before the Electoral

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Hong Kong’s land swap terms on The Peak show big developers always win



a boat parked on the side of a vehicle: This run-down heritage building at 23 Coombe Road has been swapped for a green belt site across the road from it. Photo: David Wong


© SCMP
This run-down heritage building at 23 Coombe Road has been swapped for a green belt site across the road from it. Photo: David Wong

The government’s decision in 2018 to withdraw the Mansfield Road site from sale demonstrated a welcome commitment not to allow prime Hong Kong land assets to be sold below their fair value. At the time, there was talk in the market that the plot could fetch around HK$120,000 per square foot.

However, a recent event has served to highlight that nothing has really changed and that developers continue to dominate the city.

Those of us bemused by the government’s baffling decision two years ago to approve a land exchange with Juli May Limited (a Cheung Kong subsidiary), handing over an exceptional green belt site on Coombe Road near Aberdeen Country Park in exchange for a derelict old house on a cramped site opposite, were

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Multifamily REIT Aspire Real Estate Investors sets terms for $300 million IPO

Aspire Real Estate Investors, an affordable housing REIT targeting Opportunity Zones formed by Avanath Capital, announced terms for its IPO on Friday.

The Irvine, CA-based company plans to raise $300 million by offering 15 million shares at $20. The company plans to raise an additional of $27 million in concurrent private placements to senior management and other investors. At the proposed price, Aspire Real Estate Investors would command a market value of $327 million. The company intends to pay a dividend.

Formed from predecessors Avanath Affordable Housing I and II, this REIT is focused on acquiring existing income producing affordable and workforce multifamily properties. Its initial portfolio will be comprised of nine multifamily projects, six of which are located in Opportunity Zones.

Aspire Real Estate Investors was founded in 2008 and booked $23 million in revenue for the 12 months ended September 30, 2020. It plans to list on

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Aspire Real Estate Investors sets IPO terms, to be valued at about $327 million

MARKET PULSE

Aspire Real Estate Investors Inc. (aspi) disclosed Friday that it has set terms for its initial public offering, in which the real estate investment trust formed to invest in and manage affordable workforce multifamily housing expects to raise about $300 million. The REIT is offering 15 million shares in the IPO, which it expects to price at $20.00. With 16.34 million shares expected to be outstanding after the IPO, the pricing values the REIT at about $326.8 million. The stock is expected to list on the NYSE under the ticker symbol “ASPI.” Morgan Stanley, B. Riley Securities, Wells Fargo Securities, BMO Capital Markets and KeyBanc Capital Markets are the joint book-running managers. For the nine months ended Sept. 30, the company reported net income of $67,000 on revenue of $11.55 million, after a net loss of $153,000 on revenue of $11.42 million in the same period a year

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Bombardier Announces Closing Date, Amended Terms for Sale of Aerostructures Business to Spirit …

Press release content from Globe Newswire. The AP news staff was not involved in its creation.

  • All closing conditions have been met and the parties have agreed on an October 30, 2020 closing date
  • Total transaction valued at ~ $1.2 billion1; cash proceeds now expected to be $275 million
  • Sale supports Bombardier’s repositioning as a pure-play business jet company and further strengthens liquidity

All amounts in this press release are in U.S. dollars unless otherwise indicated.

MONTREAL, Oct. 26, 2020 (GLOBE NEWSWIRE) — Bombardier (TSX: BBD.B) announced today it has entered into an amended definitive agreement to sell its aerostructures business to Spirit AeroSystems Holding, Inc. (Spirit), supporting Bombardier’s strategic decision to reposition itself as a pure-play business aircraft company. This transaction is set to close on October 30, 2020 as all closing conditions have been met.

Under the amended agreement, Spirit will acquire Bombardier’s aerostructures

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Bombardier Announces Closing Date, Amended Terms for Sale of Aerostructures Business to Spirit AeroSystems Holding, Inc.

  • All closing conditions have been met and the parties have agreed on an October 30, 2020 closing date

  • Total transaction valued at ~ $1.2 billion1; cash proceeds now expected to be $275 million

  • Sale supports Bombardier’s repositioning as a pure-play business jet company and further strengthens liquidity

All amounts in this press release are in U.S. dollars unless otherwise indicated.

MONTREAL, Oct. 26, 2020 (GLOBE NEWSWIRE) — Bombardier (TSX: BBD.B) announced today it has entered into an amended definitive agreement to sell its aerostructures business to Spirit AeroSystems Holding, Inc. (Spirit), supporting Bombardier’s strategic decision to reposition itself as a pure-play business aircraft company. This transaction is set to close on October 30, 2020 as all closing conditions have been met.

Under the amended agreement, Spirit will acquire Bombardier’s aerostructures activities and aftermarket services operations in Belfast, U.K.; Casablanca, Morocco; and its aerostructures

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Mortgage provider Caliber Home Loans sets terms for $345 million IPO

Caliber Home Loans, a residential mortgage producer and servicer, announced terms for its IPO on Wednesday.

The Coppell, TX-based company plans to raise $345 million by offering 23 million shares (100% insider) at a price range of $14 to $16. At the midpoint of the proposed range, Caliber Home Loans would command a fully diluted market value of $1.8 billion.

With a diversified, customer-centric platform, Caliber Home Loans focuses primarily on the purchase market and is the second largest independent mortgage originator based on purchase volume since 2016. In the FY 2019, the company was the only mortgage provider to maintain a top 10 market position across all the retail, wholesale, and correspondent channels. 

Caliber Home Loans was founded in 1963 and booked $1.9 billion in revenue for the 12 months ended June 30, 2020. It plans to list on the NYSE under the symbol HOMS. Credit Suisse, Goldman

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