Month: May 2022

Simpson Thacher Adds Prominent Real Estate Finance Partner | Business

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LONDON & NEW YORK–(BUSINESS WIRE)–May 13, 2022– Simpson Thacher & Bartlett LLP today announced that James Esterkin will rejoin the Real Estate Practice as a Partner in the Firm’s London office. James advises private equity sponsors and other investors in connection with the financing of U.K. and European real estate and related assets. He specializes …

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Judge ends Oregon ban on real estate ‘love letters’

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A federal judge on Wednesday concluded that Oregon’s law banning real estate “love letters” is unconstitutional. The law, approved by the Oregon Legislature in 2021, prohibited real estate agents from accepting any communication from potential buyers other than “customary documents.” Oregon was the only state with such a law, which was intended to prevent discrimination …

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CIG rakes in near $447 million in just the first quarter

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Finance Minister Chris Saunders (CNS): The Cayman Islands Government earned a record $446,906,000 in the first three months of this year, the most it has ever collected, surpassing budget predictions and resulting in a whopping first-quarter surplus of almost $221 million. CIG collected over $73M more at the start of 2022 than in pre-pandemic 2019. …

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NDSU architecture students unveil plan for Moorhead’s Center Avenue – InForum

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MOORHEAD — Ten North Dakota State University senior architectural students have spent the last semester developing their vision for a revitalized Center Avenue in downtown Moorhead. In a video presentation to a group of about 50 city residents at the Hjemkomst Center on Thursday afternoon, they unveiled the plan which includes demolishing the Center Mall …

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Check out the latest crop of schools and learning centers selected for AIA’s 2022 Education Facility Design Awards | News

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anchor Blakely Elementary on Bainbridge Island, WA. Photo: Kevin Scott. Image courtesy AIA. The American Institute of Architects has today announced the twelve new winners of the prestigious annual Education Facility Design Award. Seven Awards of Excellence and five Awards of Merit were given out overall. The …

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Plan to spend $700 million renovating, building schools approved in Detroit

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Detroit schools will spend $700 million in federal COVID funds on repairing aging school facilities and building new schools, an effort that aims to chip away at $2.1 billion in infrastructure needs at Michigan’s largest school district. Nikolai Vitti, superintendent of Detroit Public Schools Community District, said the funds will allow the district to build five new …

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Grand Rapids builder sells carbon-neutral apartment building for $4.65M

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GRAND RAPIDS — Bazzani Building Co. has sold its recently constructed, all-electric Bradford Station apartment building in Grand Rapids for $4.65 million to a Chicago-based property management firm. The Grand Rapids-based construction firm in early 2021 completed the 16,500-square-foot Bradford Station, which the company says is the first carbon-neutral apartment building in the city. Located …

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Realogy Changes Name To Anywhere Real Estate

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Realogy will be renamed Anywhere Real Estate, according to an announcement Thursday at a Realogy Investor Day event at its headquarters in New Jersey. With the brand refresh comes a strategy to “reimagine the consumer experience at any point in the real estate transaction journey,” according to a statement. Realogy promises to invest in “improving …

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A Design Unicorn Flashes Its Horn – SURFACE

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Unicorn Status: Following on the heels of a staggering $100 million fundraise in 2021, Material Bank has shocked again with the announcement of another $175 million raise, bringing the design startup’s valuation to an eye-popping $1.9 billion. The design and architecture material marketplace’s latest round was led by Canadian investment giant Brookfield with contributions from Fifth Wall, …

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Advancing a Natural Climate Solution: The Softwood Lumber

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OREGON CITY, Ore., May 12, 2022 (GLOBE NEWSWIRE) — The Softwood Lumber Board (SLB) recently published its 2021 Annual Report, which details the organization’s work to achieve year-over-year growth in demand and impact for the softwood lumber industry. The SLB Annual Report is also available online at www.softwoodlumberboard.org/annualreport.  “I am pleased to report that the SLB and …

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