FOR IMMEDIATE RELEASE
September 30, 2022
Contact: press@michigan.gov
Gov. Whitmer Announces $21.55 Million Blight Elimination Grant Program to Revitalize Communities, Grow Economy
LANSING, Mich. – Today, Governor Gretchen Whitmer announced $21.55 million in funding for a competitive grant program to address vacant, abandoned, and deteriorated properties across Michigan that will be administered by the State Land Bank Authority (SLBA). The SLBA works to create a positive economic impact on Michigan communities by facilitating productive reuse of land.
“As governor, I am focused on investing in communities across Michigan to make them a better place to raise a family, start a business, and pursue your potential,” said Governor Whitmer. “Michigan’s bipartisan, $75 million investment in blight elimination will help communities across the state increase surrounding property values, improve the health of local housing markets, remove safety hazards, and boost local tax revenue. Getting this done will help us build safer, more prosperous communities and create areas for new small businesses, housing, and green space, converting underutilized land into productive spaces for the community.”
The governor’s 2023 bipartisan fiscal year budget included $75 million in blight elimination funds to aid in the economic redevelopment of targeted locations by removing vacant, unused structures and houses. Of that investment, $21.55 million is now available through a grant process to be used by local land banks and/or municipalities.
The SLBA has opened the Request for Proposals to local land banks, and to county, city, village, or township officials who do not have a local land bank.
“Removing blighted properties is an important step in stabilizing and revitalizing local communities,” said Emily Doerr, Executive Director of the SLBA. “This funding allows us to further our efforts toward transforming blighted structures into functional spaces that will once again contribute to our economy. We encourage land banks and communities across Michigan to explore partnerships and identify projects that are eligible for this transformational grant opportunity.”
Cities, townships, counties and land banks can apply for the grant funding. Grant funds may be used to:
- Stabilize vacant residential, commercial and industrial buildings to secure them and protect against further deterioration, with the goal of preserving them for future rehab to purposeful use;
- Demolish vacant and blighted residential, commercial and industrial structures that cannot be rehabilitated; and
- Provide matching or gap funding for environmental remediation on vacant land – often a critical barrier to redevelopment.
Rural counties without land banks and county land banks are eligible for a guaranteed minimum allocation of $200,000, as long as a completed application with eligible projects is submitted.
The $21.55 million in funding was requested by the Michigan Association of Land Banks with the assistance of the Center for Community Progress to ensure all communities, regardless of their local land bank status, had access to blight elimination funds.
“This is an exciting opportunity for communities across Michigan to improve neighborhoods,” said Anne Giroux, Michigan Association of Land Banks President. “The Michigan Association of Land Banks thanks the legislature and Governor for their important, bipartisan support of blight elimination efforts. This investment in Michigan’s communities will directly improve the lives of Michigan residents and we look forward to working with the State Land Bank to put these funds to work throughout Michigan.”
The State Land Bank Authority works to create a positive economic impact on Michigan communities by facilitating productive reuse of land. They work in a coordinated manner to foster the development of property to promote and support land bank operations at the county and local levels.
Returning property back to productive use is an important role in community and economic development. The disposition of property helps revitalize communities across Michigan by selling vacant, abandoned, foreclosed, blighted or otherwise unproductive property to an owner who wants to recycle it into productive use. This is a collaborative effort to create a better quality of life for residents and put property back on the tax-roll.
To learn more about the SLBA’s efforts to improve communities across Michigan, and apply for the grant, visit Michigan.gov/landbank.
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Nearly 400 undeveloped acres only 25 minutes from Kailua-Kona
1± mile of ocean frontage on Hawai’i’s western coast
Potential for up to 13 estates with unobstructed ocean views
Adventure activities include fishing, snorkeling, surfing, diving, kayaking, stand-up paddleboarding, and extensive hiking and equestrian opportunities
Pristine black-sand beach offering secluded ocean access
In cooperation with Carrie Nicholson & Kenny Springer of Hawaii Life, Pali Kai—one of the last properties of its kind—will auction No Reserve in November.
Pali Kai is Hawai’i as few will ever experience it—a truly rare find as one of the last available oceanfront parcels of land offering build-out potential…”
— Lyle Anderson, Seller
NEW YORK, NEW YORK, UNITED STATES , September 30, 2022 /EINPresswire.com/ — Nestled against the azure waters of the Pacific Ocean, Pali Kai—a nearly 400 acre parcel on the pristine western shore of the Big Island of Hawai’i—presents an unrivaled opportunity. Offering endless development potential, the property will auction in November via Sotheby’s Concierge Auctions in cooperation with listing agents Carrie Nicholson and Kenny Springer of Hawaii Life. The once-in-a-lifetime property, just listed for $65 million, will sell with no Reserve to the highest bidder, regardless of price. Bidding on the property is scheduled to be held 10–17 November via Sotheby’s Concierge Auctions digital marketplace, casothebys.com, allowing buyers to bid remotely from anywhere in the world.
“Pali Kai is Hawai’i as few will ever experience it—a truly rare find as one of the last available oceanfront parcels of land offering build-out potential, a desirable climate year-round, and indoor-outdoor living that are one and the same. With the possibility for up to 13 estates, the land offers an unmatched opportunity to create a legacy for generations to come,” stated seller, Lyle Anderson.
A quiet road leads to a collection of parcels ranging in various sizes. With the opportunity to configure up to 13 separate ocean-view and oceanfront parcels, the only limit to what Pali Kai can become is the imagination. The topography of the land varies with undulating slopes that rise from the ocean to over 1,000 feet in elevation, all while boasting verdant native flora. Unique to this area, gentle winds that average 5mph also make for an ideal year-round climate. The 13 contiguous tax map keys (TMKs), also allow for numerous possible additions with limited restrictions, from tennis courts, pools and private roads to agricultural areas, equestrian facilities, and more. Envision an oasis of self-sustainable living with gardens and orchards full of a variety of plants and trees or a legacy estate sure to be enjoyed for generations to come. Pali Kai is an extremely limited opportunity that presents endless potential on a blank slate for your dream vision, all while overlooking the phenomenal Pacific and the awe-inspiring natural splendor of Hawai’i itself.
“Buyers, now more than ever, understand the limited opportunity to purchase a property like Pali Kai; one that offers virtually endless possibility for your dream vision,” stated Matt Beall, CEO and Principal Broker at Hawaii Life. “We’re pleased to be partnering with Sotheby’s Concierge Auctions once again, especially following recent successes on the Big Island and the sale of the 34-acre Secret Beach land parcel on Kauai last year. We’re excited to continue our momentum and find the ultimate buyer for this once-in-a-lifetime property.”
As you approach Pali Kai, the green landscape transforms to the rich azure blue of the Pacific, stretching farther than the eye can see. Its location in the center of the Kona Coast ensures incredible weather and minimal, gentle winds year-round, making the perfect vistas all the sweeter. Meanwhile, the secluded black-sand beach offers a remarkable setting to enjoy seaside adventures like fishing, snorkeling, surfing, kayaking, stand-up paddleboarding, and more. The estate is also positioned to enjoy all the Big Island has to offer. The Kona Coast unfolds along the route to Kailua-Kona, where natural wonders and local markets will entice visitors. Come nightfall, bask beneath some of the world’s clearest star-lit skies. Hard as it is to leave Pali Kai, Kona International Airport is only 45 minutes away, with its nonstop flight schedule making travel by air in and out of Hawai’i a breeze.
Pali Kai is available for showings daily and for private virtual showings.
As part of Sotheby’s Concierge Auctions’ Key for Key® giving program in partnership with Giveback Homes, the closing will result in a new home built for a family in need.
Agents will be compensated according to the information listed on the property page. See Auction Terms and Conditions for full details. For more information, including property details, exclusive virtual tours, diligence documents, and more, visit casothebys.com or call +1.212.202.2940.
About Sotheby’s Concierge Auctions
Sotheby’s Concierge Auctions is the world’s largest luxury real estate auction marketplace, with a state-of-the-art digital marketing, property preview, and bidding platform. The firm matches sellers of one-of-a-kind homes with some of the most capable property connoisseurs on the planet. Sellers gain unmatched reach, speed, and certainty. Buyers receive curated opportunities. Agents earn their commission in 30 days. In November 2021, the firm was acquired by Sotheby’s, the world’s premier destination for fine art and luxury goods, and Anywhere Real Estate Inc (NYSE: HOUS), the largest full-service residential real estate services company in the United States, holding a joint 80 percent ownership stake. Sotheby’s Concierge Auctions continues to operate independently, partnering with real estate agents affiliated with many of the industry’s leading brokerages to host luxury auctions for clients. Since Sotheby’s Concierge Auctions’ inception in 2008, it has generated billions of dollars in sales, broken world records for the highest-priced homes ever sold at auction and conducted auctions in 46 U.S. states and 32 countries. The firm owns one of the most comprehensive and intelligent databases of high-net-worth real estate buyers and sellers in the industry, and it has committed to build more than 300 homes through its Key For Key® giving program in partnership with Giveback Homes™, which guarantees that for every property the company sells, a new home is funded for a family in need. For more information, visit casothebys.com.
About Hawai’i Life
Hawai‘i Life remains the only statewide, full-service brokerage firm that is 100% locally owned and operated. Hawai‘i Life is the exclusive Hawai‘i brokerage of Forbes Global Properties™ and is one of Luxury Portfolio International’s® global network of premier, locally branded real estate companies. The company also provides short-term and long-term rentals, streamlining the process for homeowners and tenants statewide. HGTV’s Hawai‘i Life series, now in its 14th season, draws a national audience of 22 million+ viewers. To learn more about Hawai‘i Life, please visit the state’s most trafficked real estate website at hawaiilife.com.
Emily Roberts
Sotheby’s Concierge Auctions
+1 212-202-2940
email us here
MERIDEN— Over the objections of one commissioner, the Meriden Housing Authority is moving head with a plan to purchase a two-family home at 35 Maple Ave. to add to its holdings for a proposed development.
The two-family home at 35 Maple Ave. is adjacent to Maple Branch, where the MHA purchased several properties and the city abandoned the road several years ago. The plan calls for market-rate apartments and commercial activity in addition to an 800-seat black box theater at 143 W. Main Street. MHA commissioners voted 3 to 1 to purchase the home.
MHA Executive Director Robert Cappelletti proposed the sale at a meeting of the housing authority’s board of commissioners, saying the property owner had recently died and project architects recommended the purchase for $329,000. Commissioners asked that a contingency for hazardous materials abatement be included in the agreement should the MHA have to provide cleanup before demolition. The added property would allow for an improved building layout and added parking.
Funding for the purchase would come from Maynard Road Corp., the development arm of the housing authority, Cappelletti said.
Three tenants would have to be vacated and demolition is estimated to cost $50,000, he said.
But not all commissioners backed the purchase.
“I don’t think we should be acquiring property for a project that isn’t funded,” said Commissioner Lawrence Kendzior, who voted against the purchase at the Monday meeting.
Kendzior, a former Meriden city manager and corporation counsel, has been consistent with his challenge to the decade-old plan which has seen funding setbacks.
The original plans called for 45 market-rate housing units, 50,000 square feet of commercial first-floor space and the black box theater. But the entertainment partner, citing a lack of revenue in the entertainment industry, is seeking other revenue sources for the space that could be filled later.
A lack of commercial leasing activity in the local market has the developer asking to reconfigure the layout to double the residential component to 80 units and shave $25 million off construction costs.
“There are a lot of ifs in that plan because of current unknowns of commercial space,” Cappelletti told commissioners last year. “It still includes space for a black box theater but it doesn’t include fitting it up.
“Without the revenue, and a tenant we have to reduce overall construction costs, based on the loss of potential income,” Cappelletti added.
The complete development will require layers of financial subsidies, including theater, film, and historic tax credits. In 2018, the MHA, its development arm Maynard Road, and Private Energy Partners promoted the development as an Opportunity Zone project for $32 million, but had no takers.
At that time, Kendzior expressed concerns over the future of the 143 W. Main St. project and the money already allocated, given the MHA’s and Maynard Road Corp’s debt load and overdue receivables.
“When did you start this project Rob?” Kendzior asked. “There is a hope and prayer. You don’t have the financing. We owe over $2 million and no way to pay for it. How the hell do we get out of this situation without losing a whole bunch of money?”
Cappelletti said the increased residential units would generate income quickly, and developer fees and other income will be paid during project closings.
Maynard Road Corp. earned more than $500,000 in developer fees for Meriden Commons II, a mixed use transit-oriented development project on State Street.
mgodin@record-journal.com203-317-2255Twitter: @Cconnbiz
In a Q&A for iamproperty’s Tech of a Life magazine, Dan Milne, Customer Success Manager at iamproperty, spoke to Edward Short, Head of Professional & Financial Services at Attensi, a global gamified learning specialist providing bespoke training.
The pair explore how new technology can best be utilised within the property sector as well as how training can be used to encourage optimum performance and the effective adoption of new technological tools.
We reproduce the Q&A in full below for EAT & LAT readers.
How does gamification combine technology with the currently rising trends of e-learning?
Edward commented: “Like many other industries, the property sector often has a fragmented workforce, where team members can be based in locations all over the country. It makes the implementation of new products and services difficult, especially when roll out is to a tight timescale or must be done simultaneously. That’s not a concept that’s new to Attensi – we create gamified simulations that help businesses all over the world to develop programmes for their global workforce. We create bespoke solutions that have just the right mix of psychology and technology to make learning a success.
If we play to the goldfish rule, content must have some core characteristics in order to win and keep people’s attention. It must be bite sized and targeted, it has to be available on all platforms to drive convenience, it needs to consider that we all have different ways of taking in information, and it has to support communication tools to grab attention and drive engagement. Content also needs to be fun and easy to follow, while playing to the individuals’ strengths. Businesses have to be able to measure its success – it’s not a tick box exercise. So, what does that mean in practice? You need to spend time understanding the people in your team, who they are, how they take in information best, and what motivates them.”
How is tech making learning more appealing to people?
Edward elaborated that: “The younger generations, like Gen Z and Millennials are digital natives and they’re very used to having multiple screens and apps open. This has an interesting influence on people’s expectations of content – they want to be able to pick it up and put it down wherever they want. We’ve talked about what that means for short, snappy and consistent training, but what is also means is that when it comes to learning about new products and services, they’ll likely want to have access to look around, want to experience it for themselves and access it on the device they respond to best. People want the whole journey to link up a cross their laptop, tablet and phone.”
What are the essential elements to creating a successful learning platform?
Edward continued: “When I think about how I take in any new information I never get anything spot on first time, I need to practice, repeat, make mistakes, ask questions, and test different scenarios. When you’re learning you will naturally make mistakes, and not everyone responds well to doing that publicly amongst their peers. What often works better is creating a digital environment in which it is safe to learn and to fail, because it feels like a video game. It’s fun and competitive but no one is looking over your shoulder if you do take a wrong turn through the training.
“What Estate Agents can learn from tried and tested gamified knowledge transfer is that by creating a ‘safe’ physical experience that replicates real life scenarios, people take in more information and are able to implement new products and services faster – we see this all of the time in retail and sales.”
Dan commented: “Having the space to make mistakes is important, particularly for our industry where agents are currently fishing in a very shallow pond for new opportunities. Agents don’t want to be making mistakes in front of clients because they can quickly lose instructions to another agent. Providing agents with the environment to practice is vital, especially for those newly joining a team.”
How does psychology influence the tech behind gamified e-learning?
Edward explained: “The psychology comes into play when we’re thinking about how individuals take in information. Creating common factors for people within an industry and looking at how we play to those strengths is where we see the magic happen.
“Estate Agents are known for their competitive nature, and it’s what makes the industry so savvy and fast paced. My advice to agents is to play to this strength and tap into that competitive nature. We all like to win, and the elements used in gamified knowledge transfer make the whole experience competitive. It’s playing to the psychology and the proven tactics that ensure we take in information, especially when it comes to new technology, products, or services.
“For example, scoring product information like a video game with levels and points for accuracy, or adding leader boards to product or service sessions brings the friendly competition that makes it compelling for people to ‘play’. It makes learners return to it again and again, which goes back to the psychology – the more we do something, the more we remember. We need to create situations which mimic real life, and which also encourage us to repeat something multiple times.”
How does gamification enhance the learning experience?
Edward added: “As Dan said, the property market is buoyant and agents already have a lot of challenges in play, including dealing with compliance and regulation changes. Agents are time poor and so product and service implementation must fit with what’s important, while also recognising that it’s essential to evolve alongside the changing market. The property sector needs to be continually prepared for what’s next, so training for that is essential, even if it doesn’t feel valuable right now. A big part of winning engagement with Estate Agents is to make learning convenient and immersive, as well as fun. If training is a big task that takes up huge blocks of time, it’s hard for businesses and employees to see how it fits into the working day, which makes it easier push it down to the bottom of the list, until the business realises how much the training is needed. If businesses make training a convenient ongoing task that team members can come back to whenever they have 10 minutes spare, it becomes much less like a chore and a lot more enjoyable.”
Explore how disruption can be an opportunity for progression alongside brand new property industry insights in the latest edition of iamproperty’s digital magazine Tech of a Life.
Rent the Runway, Inc. (NASDAQ:RENT – Get Rating) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totalling 5,770,000 shares, a drop of 21.9% from the August 31st total of 7,390,000 shares. Approximately 15.6% of the shares of the company are sold short. Based on an average daily trading volume, of 1,100,000 shares, the short-interest ratio is currently 5.2 days.
Rent the Runway Price Performance
RENT stock traded down $0.02 during trading on Friday, hitting $2.20. The stock had a trading volume of 612,960 shares, compared to its average volume of 1,015,867. The company’s 50 day moving average price is $4.22 and its two-hundred day moving average price is $4.61. Rent the Runway has a 1-year low of $2.12 and a 1-year high of $24.77. The stock has a market cap of $142.35 million and a price-to-earnings ratio of -0.25. The company has a debt-to-equity ratio of 38.00, a quick ratio of 3.23 and a current ratio of 3.23.
Rent the Runway (NASDAQ:RENT – Get Rating) last posted its quarterly earnings results on Monday, September 12th. The company reported ($0.53) EPS for the quarter, beating the consensus estimate of ($0.65) by $0.12. Rent the Runway had a negative return on equity of 293.74% and a negative net margin of 76.30%. On average, sell-side analysts forecast that Rent the Runway will post -2.28 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on RENT shares. Telsey Advisory Group decreased their target price on shares of Rent the Runway from $13.00 to $8.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 13th. Wells Fargo & Company cut their price target on Rent the Runway from $14.00 to $12.00 and set an “overweight” rating for the company in a research note on Friday, June 10th. Piper Sandler cut their price target on Rent the Runway from $10.00 to $6.00 and set an “overweight” rating for the company in a research note on Tuesday, September 13th. Credit Suisse Group downgraded Rent the Runway from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $7.00 to $4.00 in a research note on Tuesday, September 13th. Finally, JMP Securities cut their price target on Rent the Runway from $12.00 to $6.00 and set a “market outperform” rating for the company in a research note on Tuesday, September 13th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Rent the Runway has a consensus rating of “Moderate Buy” and an average price target of $8.91.
Insider Activity at Rent the Runway
In other Rent the Runway news, CEO Jennifer Hyman sold 9,383 shares of the business’s stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $4.56, for a total transaction of $42,786.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 17,744 shares of company stock worth $80,913 in the last three months. Insiders own 10.70% of the company’s stock.
Institutional Trading of Rent the Runway
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Francis Financial Inc. purchased a new stake in Rent the Runway in the 2nd quarter valued at about $60,000. Verition Fund Management LLC purchased a new stake in Rent the Runway in the 2nd quarter valued at about $50,000. Walleye Capital LLC purchased a new stake in shares of Rent the Runway during the 2nd quarter worth about $333,000. Advisory Research Inc. grew its holdings in shares of Rent the Runway by 19.5% during the 2nd quarter. Advisory Research Inc. now owns 27,123 shares of the company’s stock worth $83,000 after purchasing an additional 4,419 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Rent the Runway by 15.1% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 7,333,333 shares of the company’s stock worth $22,513,000 after purchasing an additional 959,394 shares during the period. Hedge funds and other institutional investors own 78.90% of the company’s stock.
Rent the Runway Company Profile
Rent the Runway, Inc rents designer wear for women through its stores and online retail. The company offers ready-to-wear, workwear, denim, casual, maternity, outerwear, blouses, knitwear, loungewear, jewelry, handbags, activewear, ski wear, home goods, evening wear, and kids wear, as well as accessories.
Further Reading
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Before you consider Rent the Runway, you’ll want to hear this.
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While Rent the Runway currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
House prices in Blackburn with Darwen have gone up by an average of over £5,000 in the month of July, according to figures from the Land Registry.
The latest data from the government department reveals that in July 2022 average house prices in Blackburn with Darwen reached £144,478.
This was up from £138,488 in June, representing a 4.3 per cent increase. In the last 12 months it has risen by 12.3 per cent.
If you are interested in buying or renting a home, you can see the latest properties in and around Blackburn with Darwen here.
Breaking it down for specific types of housing, all prices saw an increase.
- Detached houses – Up to £264,453 from £254,463 in June
- Semi-detached houses – Up to £153,097 from £146,808 in June
- Terraced houses – Up to £119,665 from £114,493 in June
- Flats – Up to £89,761 from £86,225 in June
Despite the rise in prices this month, Blackburn with Darwen is still well below the UK average with typical property value in the nations reaching £292,118 in July.
In cash terms, the average house price in July was £39,157 higher than a year earlier with house price growth accelerating to 15.5 per cent in July 2022. Prices were up by 2.0 per cent month on month.
We have created this map for the North West so you can see the average house price in each neighbourhood since 1995.
Sites like Zoopla can offer an estimate valuation of your house if you input your postcode into their website here.
The above map can demonstrate which areas of Blackburn with Darwen are the most expensive for average house prices.
House prices in Conwy have gone up by an average of over £1,000 in the month of July, according to figures from the Land Registry.
The latest data from the government department reveals that in July 2022 average house prices in Conwy reached £220,490.
This was up from £218,697 in June, representing a 0.8 per cent increase. In the last 12 months it has risen by 14.5 per cent.
If you are interested in buying or renting a home, you can see the latest properties in and around Conwy here.
Breaking it down for specific types of housing, all prices saw an increase.
- Detached houses – Up to £314,924 from £313,119 in June
- Semi-detached houses – Up to £214,397 from £212,214 in June
- Terraced houses – Up to £173,537 from £171,828 in June
- Flats – Up to £129,665 from £128,578 in June
Despite the rise in prices this month, Conwy is still below the UK average with typical property value in the nations reaching £292,118 in July.
In cash terms, the average house price in July was £39,157 higher than a year earlier with house price growth accelerating to 15.5 per cent in July 2022. Prices were up by 2.0 per cent month on month.
We have created this map for the Wales so you can see the average house price in each neighbourhood since 1995.
Sites like Zoopla can offer an estimate valuation of your house if you input your postcode into their website here.
The above map can demonstrate which areas of Conwy are the most expensive for average house prices.
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
WINNIPEG, MB, Sept. 30, 2022 /CNW/ – Marwest Apartment Real Estate Investment Trust (“Marwest Apartment REIT” or the “REIT”) (TSXV: MAR.UN) announces the issuance of deferred units of the REIT (“Deferred Units“) to certain of its trustees for the period of July 1, 2022 through September 30, 2022, effective today, in accordance with REIT’s equity incentive plan adopted effective April 30, 2021 (the “Equity Incentive Plan“) and the REIT’s policy regarding the automatic settlement of trustee compensation in Deferred Units.
The compensation payable to the trustees for the period noted (other than meeting fees which were paid in cash) was settled by issuing approximately 50 percent of the total compensation in Deferred Units at a price of $1.10 per Deferred Unit. Mr. Luke Cain, Chair, was issued 4,582 Deferred Units, Mr. Jason Pellaers, Chair of the Audit Committee, was issued 3,666 Deferred Units, Mr. James Green, Chair of the Governance, Compensation and Nominating Committee, was issued 3,437 Deferred Units, and Mr. Cornelius Martens was issued 2,291 Deferred Units reflecting monetary compensation of $5,040.20, $4,032.60, $3,780.70, and $2,520.10, respectively, rounded to the nearest unit. The balance of the compensation was paid in cash in the amounts of $5,041.99, $4,033.15, $3,780.94 and $2,521.00 respectively.
About Marwest Apartment REIT
The REIT is an unincorporated open-ended trust governed by the laws of the Province of Manitoba. The REIT was formed to provide Unitholders with the opportunity to invest in the Canadian multi-family rental sector through the ownership of high-quality income-producing properties, with an initial focus on stable markets throughout Western Canada.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
SOURCE Marwest Apartment Real Estate Investment Trust
For further information: Mr. William Martens, Chief Executive Officer, Telephone: (204) 947-1200
House prices in Wandsworth have gone down by an average of over £400 in the month of July, according to figures from the Land Registry.
Wandsworth is one of the most expensive area to buy a property in the UK despite this month’s dip in prices.
The latest data from the government department reveals that in July 2022 average house prices in Wandsworth reached £636,066.
This was down from £636,483 in June, representing a 0.1 per cent decrease. In the last 12 months it has risen by 5.7 per cent.
If you are interested in buying or renting a home, you can see the latest properties in and around Wandsworth here.
Breaking it down for specific types of housing, some prices saw an increase despite the general fall.
- Detached houses – Up to £1,964,977 from £1,960,981 in June
- Semi-detached houses – Up to £1,319,350 from £1,316,308 in June
- Terraced houses – Up to £916,884 from £914,755 in June
- Flats – Down to £527,446 from £528,734 in June
Despite the fall in prices this month, Wandsworth is still far above the UK average with a typical property value in the nations reaching £292,118 in July.
In cash terms, the average house price in July was £39,157 higher than a year earlier with house price growth accelerating to 15.5 per cent in July 2022. Prices were up by 2.0 per cent month on month.
We have created this map for the London so you can see the average house price in each neighbourhood since 1995.
Sites like Zoopla can offer an estimate valuation of your house if you input your postcode into their website here.
The above map can demonstrate which areas of Wandsworth are the most expensive for average house prices.
SOUTH BEND, Ind. (WNDU) – It’s a fixer-upper of historic proportions.
The Lafayette Building in downtown South Bend (115 S. Lafayette) is said to be the first-ever commercial office building in the city, in that it catered to multiple unrelated tenants.
The building dates back to 1901. The last private owner of the property lost it to back taxes in 2018. The city is now searching extensively for the next private owner.
The most prominent feature of the building is the atrium. All five floors have a balcony, and there is a massive skylight on the roof.
“This is probably the tallest atrium in the city of South Bend by far, and it’s only one of a few, it’s probably one of the most unique interior spaces in the city,” said South Bend’s Property Development Manager Joseph Molnar. “We love this atrium, that’s why the city stepped in to save the building in 2018, and we’re hoping to save the atrium for, you know, for another 100 years to come.”
Occupancy peaked in the 70′s and 80′s at about 150-tenants, according to Molnar. The building has since fallen into disrepair. A leaky roof caused extensive water damage, and the building was sold at tax sale.
While there’s a lot of work to be done, a lot has already been done as the city has invested about $750,000 on the property.
“So, the city over the past few years has been putting in resources to fix the skylight, put a brand-new roof on, brand new drainage system, cleaned the exterior of the building, do asbestos and lead removal,” Molnar said.
Demolition isn’t an option. The building is protected as a local historic landmark.
The city has put out a request for proposals on the rehabilitation and reuse of the building. An open house will be held on Oct, 18. The proposals are due on Jan. 28, 2023.
“The hope is that now we’ve gotten it stabilized, we stopped the bleeding, so forth, on the building and we’re hoping a developer now can come in, invest even more money, and really get the building occupied again,” Molnar said.
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