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Intracorp closes deal on Shoreline development site

The Seattle-based developer is planning hundreds of apartment units on the nearly full-block assemblage......»»

Category: topSource: bizjournalsMay 26th, 2021

Martin Selig closes $44 million acquisition of Seattle waterfront development site

Martin Selig has entered into a deal with another longtime Seattle real estate leader to build an 18-story building on a full block along Seattle's waterfront......»»

Category: topSource: bizjournalsSep 7th, 2018

Rio Tinto (RIO) to Triple Solar Capacity at Weipa Mine

Rio Tinto (RIO) is working toward tripling the Weipa solar capacity and adding battery storage to help power operations. Rio Tinto Plc RIO recently announced that it has partnered with leading global energy producer, EDL. Per the deal, EDL will expand an existing solar installation at Rio Tinto’s Weipa mine in Queensland. Australia. EDL will add a 4 MW solar power generating capacity and 4 MW/4 MWh of battery storage, which will effectively triple the supply of clean, reliable energy to Rio Tinto’s bauxite mine operations in Weipa and the remote township. This move is in sync with Rio Tinto’s focus on lowering its carbon footprint across its operations and marks a step toward its goal of attaining net zero emissions by 2050.Rio Tinto’s Weipa operations includes three bauxite mines (East Weipa, Andoom and Amrun), processing facilities, shiploaders, an export wharf, two ports, power stations, a rail network and ferry terminals. The development of Amrun, its newest mine that was completed in 2018, has extended the life of the Weipa bauxite operations by several decades.In 2015, Rio Tinto had announced the launch of the Weipa Solar plant, which was the largest solar facility at an off-grid Australian mine site at that time. It was a pathbreaking project, which exhibited the viability of renewable energy systems in remote locations. EDL will now build, own and operate a new 4 MW solar plant and 4 MW/4 MWh of battery storage at Weipa that will complement the existing 1.6 MW solar farm. Work on the project is expected to be completed by late next year.Once operational, the combined 4 MW solar capacity and 4 MW/4 MWh battery will have an annual capacity of 11 gigawatt hours of energy. Combined with upgrades to the existing Weipa power generation network, it will effectively cut down Weipa Operations’ diesel consumption by around 7 million litres per year. It will also help lower its annual carbon dioxide emissions by about 20,000 tons — the equivalent of taking more than 3,750 cars off the road.Rio Tinto has earmarked approximately $1 billion in investments over the next five years to get its operations down to net zero emissions by 2050. Earlier this month, the company announced that it has teamed up with Caterpillar, Inc. CAT to develop zero-emissions autonomous haul trucks for use at Gudai-Darri, which is Rio Tinto’s most technically advanced iron ore mine in the Pilbara region, Western Australia. Earlier in June, the company announced that it will deploy the world’s first fully autonomous water truck at its Gudai-Darri mine also in partnership with Caterpillar.Price PerformanceImage Source: Zacks Investment ResearchIn the past year, shares of Rio Tinto have gained 7.5%, compared with the industry’s growth of 9.0%.Zacks Rank & Stocks to ConsiderRio Tinto currently has a Zacks Rank #5 (Strong Sell).Some better-ranked stocks in the basic materials space are Nucor Corporation NUE and The Chemours Company CC.Nucor has a projected earnings growth rate of around 508% for the current year. The company’s shares have soared 112% in a year. It currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Chemours has an expected earnings growth rate of around 86.4% for the current year. The company’s shares have gained 39% in the past year. It currently carries a Zacks Rank #2 (Buy).  5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Rio Tinto PLC (RIO): Get Free Report Caterpillar Inc. (CAT): Free Stock Analysis Report Nucor Corporation (NUE): Free Stock Analysis Report The Chemours Company (CC): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacks20 hr. 9 min. ago

Done deal: Hines closes on PG&E"s San Francisco headquarters

The international real estate firm released more details about its plans to remake the prominent downtown site......»»

Category: topSource: bizjournals21 hr. 53 min. ago

Flood and Disaster Disclosures: Law, Precedent and Grades for All 50 States

As more and more climate change-fueled extreme weather events—from historic hurricanes to unexpected summer downpours—affect homes, one issue anyone selling or buying a home needs to be aware of is disclosure. While some states require a seller to expansively detail any history of flood damage, flood zone designation or other natural disaster threats, others have […] The post Flood and Disaster Disclosures: Law, Precedent and Grades for All 50 States appeared first on RISMedia. As more and more climate change-fueled extreme weather events—from historic hurricanes to unexpected summer downpours—affect homes, one issue anyone selling or buying a home needs to be aware of is disclosure. While some states require a seller to expansively detail any history of flood damage, flood zone designation or other natural disaster threats, others have little or no disclosure requirements or provide only vague guidelines on what needs to be disclosed A recent Federal Emergency Management Agency (FEMA) panel rated all 50 states on the transparency of their flood disclosure policies on a letter grade from “A” for very transparent to “F” for failing to provide adequate policies or guidance. With 21 states receiving an “F” grade, the FEMA panel recommended the creation of a nationwide database of flood events, flood insurance claims and disaster claims. Though most local REALTOR® associations offer a voluntary form which can be provided to clients—all of which include some flood or disaster disclosures—every real estate professional should be aware of the legal requirements and precedents around flood and disaster disclosure in their state. ALABAMA — GRADE: F Alabama has no statutory or regulatory requirements for disclosure of flood risk, federal flood insurance requirements or past flood damages. Sellers must disclose a “material defect or condition that affects health or safety [when] the defect is not known to or readily observable by the buyer,” and a jury found in the 2000 court case Cooper & Co. v. Lester that this applies to “misrepresentations and suppression of material facts” related to flooding. ALASKA — GRADE: C Sellers in Alaska must disclose the flood zone designation and any floods they are aware of on the property, as well as damage caused from “landslide, avalanche, high winds, fire, earthquake or other natural causes.” It also requires that sellers disclose water or leakage in the basement along with frozen pipes or drains. ARIZONA — GRADE: F Arizona state statute requires licensed real estate agents to notify buyers through a written affidavit whether or not the property is on a FEMA-designated floodplain. Arizona also offers a list of other items to disclose, including fissures and environmental hazards affecting, but this report is explicitly not mandatory. Licensed real estate agents must also disclose any water that is a “feature” of the property, and whether it fluctuates “substantially in size or volume.” The in the 2011 court case Barton v. Boesen ruled that a real estate agent and his brokerage could not be held responsible for selling a new house with a defective, regularly leaking foundation because the buyers could not prove he “knew or should have known any information about the construction of the home.” ARKANSAS — GRADE: F Arkansas’s real estate commission explicitly states that no state law requires disclosure of specific information about their property, including floods and natural disasters. However, licensed real estate agents have to make “reasonable efforts” to obtain and disclose information that is “material to the value or desirability” of the property. In the 2011 court case Worley v City of Jonesboro, buyers sued a seller and her brokerage for allegedly understating flooding issues ruled in favor of the seller, with a judge saying that sellers can only be held responsible for nondisclosure in “special circumstances” when they have knowledge a buyer is relying on incorrect or misleading information in a transaction. CALIFORNIA — GRADE: C California has a specific and detailed mandatory form that statutorily requires property sellers to disclose a variety of past damages or potential future hazards, including major flood damage, flood zones, historic forest fire risk and earthquake fault lines. Whether or not a property will require flood insurance does not need to be disclosed. Two new laws passed in 2021 also require sellers to disclose certain fire hazard risks, including any fire hazard zone the property is part of and specific mitigation steps taken to defend against wildfires—everything from ember-resistant roof vents to non-combustible landscaping buffer zones. COLORADO — GRADE: F Real estate brokers are required by the state Department of Regulatory Agencies (DRE) to use state-approved disclosure forms “when appropriate.” While certain disclosures are codified in state law, disaster disclosure—whether a property has been damaged by “hail, wind, fire, flood or other casualty”— is not. The DRE vaguely warns on its website that real estate brokers are “responsible to make all required disclosures to all parties under applicable laws, rules and regulations governing real estate brokers.” In Jehly v. Brown, a 2014 court case involving buyers who were not informed their newly constructed house was built in a floodplain, saw a judge rule in favor of the seller (who did not fill out the disaster disclosure form) despite the fact that the third-party builder of the home knew about the floodplain. CONNECTICUT — GRADE: D Connecticut requires by law that sellers disclose flood hazard and inland wetland designations along with fire and smoke damage, but does not mandate anything regarding past flooding events or damage, or whether flood insurance is required on that property. DELAWARE — GRADE: C Delaware has a mandatory seller disclosure form that includes flood damage, drainage problems and flood zone or wetland designations. Flood insurance, and the current annual premium cost, must also be disclosed when applicable. The state also requires sellers to disclose if the property owner is responsible for repairing nearby streets or sidewalks, and the estimated cost if they are. DISTRICT OF COLUMBIA — GRADE: C The district does have a mandatory disclosure form that asks if there are any exterior drainage problems or if there has been previous flood, fire or wind damage to a property. There are no requirements to disclose flood insurance or floodplain designations. FLORIDA — GRADE: F While Florida has no statutory requirements regarding flood or disaster disclosure, courts have sometimes found that sellers can be held liable for not disclosing “facts or conditions about the property that could have a substantial impact on its value or desirability.” In the 1985 court decision in Johnson v. Davis, a seller was held responsible for not disclosing that a window regularly “gushed” water during rainstorms after they had told the buyer leaking issues had been mitigated, with the judge saying that enough omissions or misrepresentations by sellers could “amount to fraud in the legal sense.” On the other hand, a 1997 decision in Nelson v. Wiggs ruled in favor of a seller who had not disclosed regular property flooding, faulting the buyers for not asking questions of the seller or doing their own research. GEORGIA — GRADE: F Georgia has no codified or statutory mandatory disclosures for flooding. A 2010 appeals court ruling in Shaw v. Robertson faulted a homebuyer and their agent after they discovered significant flooding on a newly-purchased property, saying they “failed to act diligently” by doing more research or observing land conditions before making an offer. HAWAII — GRADE: D Sellers in Hawaii must disclose if a property is in a flood hazard area, but not any flood damage or flood insurance requirements. A mandatory form also asks sellers to disclose “material facts” that “are within the knowledge or control of the seller” or “can be observed from visible, accessible areas,” though how and when this would include flood damage or other natural disaster concerns is not defined. IDAHO — GRADE: F Idaho does not have disclosures for flood damage, flood zones or flood insurance, though a mandatory form does ask if there are “specific problems” with drainage or basement water. That form also has a space requiring “legal, physical, or other” disclosures, though it is not clear if flooding would be included. A 1997 court ruling in Enright v. Jonassen held a seller partially responsible after he failed to disclose a floodplain designation after he was asked explicitly by the buyer about additional building restrictions on the property. ILLINOIS — GRADE: C Sellers must disclose in Illinois whether there has been flooding or leaking in a basement, or whether it is located in a flood plain or currently has flood insurance. Sellers must also disclose if the property has “earth stability defects.” Licensed real estate agents must also disclose “latent material adverse facts pertaining to the physical condition of the property that are actually known by the licensee and that could not be discovered by a reasonably diligent inspection,” but cannot be held liable for passing on false information from a client if they did not have “actual knowledge the information was false.” INDIANA — GRADE: C Sellers in Indiana must disclose if there is any damage to the property due to “wind, flood, termites or rodents,” along with floodplain designations and current flood insurance. That mandatory form also includes “hazardous conditions,” including mine shafts or radioactive material on site. IOWA — GRADE: C Iowa does have mandatory disclosures, though how they are presented can vary. A recommended form requires sellers to disclose past flooding, drainage, grading issues, or floodplain designations, along with “water or other problems” in the basement or foundation. Iowa law specifically allows sellers to draw up their own disclosure form as long as it “contain[s] at a minimum the information required by” the recommended form, and complies generally with state statutes. NAR guidance warns that “no particular language is required provided all mandatory items are included” in a disclosure. KANSAS — GRADE: F Kansas generally requires that a seller discloses “[a]ny environmental hazards affecting the property which are required by law to be disclosed.” This does not explicitly mention flooding or any other natural disaster, though according to the National Association of REALTORS® (NAR), courts have provided some precedent that sellers can be held responsible for certain material omissions, which might include flooding. In the 2013 court case Stechschulte v. Jennings, which involved a seller who had misrepresented repairs he made to windows—leaving behind a can of paint expressly designed to conceal water damage that buyers discovered—the court ruled the seller could be held liable. The seller’s real estate agent, who was also his fiance could be held liable as well, the court ruled, even though she did not live in the home at the time and claimed she had no direct knowledge of leaks or flooding. KENTUCKY — GRADE: C Kentucky requires mandatory disclosure of “draining, flooding, or grading,” as well as its flood hazard designation and flood insurance. It also requires sellers to disclose nearby bodies of water adjoining the property. Kentucky also sets specific sanctions against licensed real estate agents who do not disclose these things, including revoking licenses and levying fines of up to $1,000. LOUISIANA — GRADE: A As a state that has seen some of the worst flooding disasters in recent memory, Louisiana’s disclosures are extensive. The state’s mandatory disclosure form includes any past “flooding, water intrusion, accumulation or drainage problem” as well as its nature and frequency. This information must be provided for every structure on the property, and explicitly includes the time period before the seller owned the property. Flood designations and hazard zones must be disclosed, and the seller must also provide the source and date for these designations—FEMA flood maps, surveys or other third-party oversight. Whether the property is in a wetland, or even has a pending wetland designation, must also be included in the form. Apart from floods, sellers must also disclose “property damage, including, but not limited to, fire, wind, hail, lightning,” that occurred both before and during the seller’s ownership of the property. MAINE — GRADE: F Maine has no mandatory disclosure form, and state statute simply states that that sellers “shall disclose in a timely manner to a prospective buyer all material defects pertaining to the physical condition of the property of which the seller agent knew or, acting in a reasonable manner, should have known” without mentioning floods. Seller’s agents are “not obligated to discover latent defects in the property,” and cannot be held liable if they pass on false information that was provided by a client. The 1999 court case Kezer v. Mark Stimson Assocs. held that sellers and their agents could not be held liable for failing to disclose neighborhood environmental hazards that had not significantly affected the property in question. MARYLAND — GRADE: D While Maryland does have a mandatory disclosure form, the only flood-related item asks if the property is located in a “flood zone, conservation area, wetland area, [or] Chesapeake Bay critical area.” The form also asks for the disclosure of “material defects,” though whether that applies to flooding or flood damage is not explicit. MASSACHUSETTS — GRADE: F State statute requires that a seller “disclose known material defects in real property” but provides no other guidance on floods and no mandatory form. In 2008, the Massachusetts Supreme Court case Grossman v. Pouy saw a seller leave blank sections on a voluntary disclosure form related to roof and other structural deficiencies when the roof needed to be immediately replaced and walls were filled with mold and rodents. The court in this case found that failure to disclose serious defects that rose to the level of fraud could render sellers liable. MICHIGAN — GRADE: C Michigan does have mandatory disclosures, including for flood insurance, drainage or grading issues, and any “major damage to the property from fire, wind, floods or landslides.” Interestingly, the state explicitly allows counties or towns to add their own additional forms or disclosures, meaning some areas have potentially more stringent flood disclosure requirements for sellers or their agents. MINNESOTA — GRADE: D Though Minnesota does not have a mandatory disclosure form, state statute requires that a licensed real estate agent “disclose to a prospective purchaser all material facts of which the licensee is aware, which could adversely and significantly affect an ordinary purchaser’s use or enjoyment of the property, or any intended use of the property of which the licensee is aware.” According to NAR, this would include flooding or flood damage. Ghost hunters, however, will be disappointed to learn that Minnesota explicitly exempts sellers from disclosing if there was any “perceived paranormal activity” on the property. MISSISSIPPI — GRADE: A Boasting one of the most comprehensive mandatory flood disclosure laws alongside Louisiana, Oklahoma, and Texas, Mississippi requires sellers to detail, including dates and descriptions, of “damage to any portion of the physical structure resulting from fire, windstorm, hail, tornados, hurricane or any other natural disaster.” Additionally, the form asks for any “malfunction or defects” with windows or other infrastructure related to leaking. Flood plan hazard designations, including the FEMA map number must be disclosed, as well as current flood insurance and the price of the current premium. If the property has experienced standing water in the yard for more than 48 yards after a rain, that must also be disclosed. Sellers must also detail any water damage regardless of source or reason, as well as steps taken to remedy those issues. MISSOURI — GRADE: F There are no mandatory flood disclosures or required forms in Missouri. Though licensed real estate agents must “disclose to any customer all adverse material facts actually known or that should have been known by the licensee,” they also “owe no duty to conduct an independent inspection or discover any adverse material facts for the benefit of the customer.” In Keefhaver v. Kimbrell—a 2001 court case in which a buyer accused a seller of understating flood risk and basement leaks—the court ruled in favor of the buyer, even though she had only spent 30 minutes on the property before making an offer and waived her right to an inspection. The buyer was entitled to rely on the seller’s representations, the court ruled, due to their superior knowledge of facts that were “latent and…not easily ascertainable.” MONTANA — GRADE: F Though there are no mandatory forms or disclosures required of sellers, Montana state statute dictates that sellers must disclose “adverse material facts,” and defines those as “a fact that should be recognized by a broker or salesperson as being of enough significance as to affect a person’s decision to enter into a contract to buy or sell real property.” At the same time, a licensed real estate agent must “ascertain all pertinent facts concerning each property in any transaction…so that the licensee may fulfill the obligation to avoid error, exaggeration, misrepresentation or concealment of pertinent facts.” A 2015 court ruling in Rutterud v. Gilbraith stated that that a real estate agent could not be held liable for failing to investigate a mold problem caused by known flooding under that law. NEBRASKA — GRADE: C State law requires sellers to provide a written statement that “substantially” follows the format of a standard disclosure form, which includes whether the property is in a flood hazard zone, a “floodway,” or if there are any “flooding, drainage or grading problems.” The law also requires disclosure of “adverse material facts,” which NAR states would likely include other flood or natural disaster related issues. NEVADA — GRADE: C Nevada requires a mandatory disclosure form for sellers that includes “previous or current moisture conditions and/or water damage,” along with “drainage, flooding, water seepage or high-water table.” Sellers must also disclose floodplain designations, along with “earth stability” and other landslide or earthquake-related issues. NEW HAMPSHIRE — GRADE: F The “Live Free or Die” state unsurprisingly has minimal requirements for seller disclosures around flooding. Real estate agents must disclose “material physical, regulatory, mechanical or on-site environmental condition[s] affecting the subject property of which the licensee has actual knowledge,” but the law explicitly states that it “shall not create an affirmative obligation on the part of the licensee to investigate material defects.” Snierson v. Scruton, a 2000 court Supreme Court Case, ruled that a seller who used a voluntary disclosure form could still be held liable for fraud and negligent misrepresentation over septic tank leaching, even though that form “expressly warned that it did not constitute a warranty and was not a substitute for a buyer’s inspection.” The buyer still had to prove, however, that the seller demonstrated “conscious indifference to [the] truth with the intention to cause another to rely upon it.” NEW JERSEY — GRADE: F New Jersey’s code requires licensed real estate agents to provide a disclosure form that includes whether the property has flood or drainage problems or is located in a flood hazard. Agents are also specifically empowered to add or request more disclosures when appropriate, and are exempted from liability if they made a “reasonable and diligent inquiry” to discover if information given to them by a seller was false. There is no requirement that unlicensed sellers provide this disclosure. The 1974 court case Weintraub v. Krobatsch held a seller and their agent responsible for not disclosing a cockroach infestation, which the FEMA panel posited could also apply to non-disclosure of flooding. NEW MEXICO — GRADE: F New Mexico requires licensed agents and brokers to disclose “any adverse material facts actually known by the associate broker or qualifying broker about the property or the transaction,” but makes no mention of flood or disasters and has no mandatory forms. A 1984 court ruling in Gouveia v. Citicorp Person-to-Person Fin. Ctr., Inc. determined a broker could be held liable in a case where a property was listed as “All Top Shape” despite the fact that parts of the home had no foundation, could not be heated and had other major structural deficiencies. In this case, the broker had not even interacted directly with the buyer, but had simply provided a description of the property to an MLS. NEW YORK — GRADE: F New York’s mandatory flood disclosure law has an odd loophole: the penalty for not including the disclosure form is a paltry $500 credit due at closing. Both NAR and FEMA found that many attorneys have advised home sellers to simply pay this penalty rather than disclose potentially deal-sinking information about standing water on the property, historic flooding issues or floodplain designations. A bill currently stalled in the state legislature would repeal the $500 penalty system and add significant new flood disclosure requirements. Simply paying the penalty, however, does not exempt a seller or agent from being held liable for “active concealment of a defect,” according to the 2018 court case Pesce v. Leimsider, in which a seller allegedly concealed water damage during a sale and inspection. Another court case in 2005 (Gabberty v Pisarz) in which a seller withheld information about chronic basement flooding ruled that a buyer can be awarded damages when there is a “willful failure” to disclose these things. NORTH CAROLINA — GRADE: D North Carolina does have a mandatory disclosure form that asks narrowly if the property is “subject to a flood hazard or…located in a federally-designated flood hazard area.” It also asks about water seepage or standing water in the basement, but does not require any disclosures related to flood damage or historic flooding. NORTH DAKOTA — GRADE: C State statute in North Dakota requires significant disclosures around flooding, including whether it was ever damaged by a flood, has drainage issues or is in a flood zone. It also asks whether the property has been “damaged by fire, smoke, wind, floods, hail, snow, frozen pipes or broken water line…condensation or ice buildup,” and requires explanations for those issues. A 1985 court case (Holcomb v. Zinke) also explicitly exempted certain real estate transactions from the “buyer beware” doctrine of common law, ruling that “passive concealment” by a seller could constitute fraud. OHIO — GRADE: C A mandatory Ohio disclosure form asks if there are previous or current water leaks, rain gutter issues, water accumulation, moisture, or other material damage related to flooding or any other water intrusion. Fire or smoke damage is also included, and any mitigation or repairs over the last five years to address these things must also be divulged. It also requires disclosure of historic flooding, as well as if the property is in a designated floodplain or Lake Erie Coastal Erosion Zone. OKLAHOMA — GRADE: A Any seller who has occupied a property in Oklahoma must fill out a mandatory disclosure form and must disclose a variety of specific flood zone designations, flood insurance, historic flooding and interior leakage or drainage issues. They must also disclose “major fire, tornado, hail, earthquake or wind damage.” An additional stipulation requires licensed real estate agents to disclose property defects they know of that are not stated on the seller’s disclosure form, and they can be disciplined by the state if they fail to do so. OREGON — GRADE: C Oregon has a mandatory form that must be proactively delivered to each person that makes an offer on a property. That disclosure includes whether there has been “material damage to the property or any of the structure from fire, wind, floods, beach movements, earthquake, expansive soils or landslides.” There are also questions as to floodplain designation or “geologic hazard zone.” There is no requirement to disclose flood insurance mandates, though the form does advise buyers that any floodplain designation could result in the need for insurance. PENNSYLVANIA — GRADE: C A mandatory form in Pennsylvania asks sellers about leaky roofs, basement leakage or dampness or repairs to mitigate those issues. It also requires floodplain disclosure, as well as past or present flooding issues affecting the property generally. RHODE ISLAND — GRADE: D Rhode Island mandates certain disclosures without providing a form. Among the required information is the vague directive that sellers include “Basement (Seepage, Leaks, Cracks, etc.)” along with “Flood Plain (Flood Insurance)” and  “Fire,” without further defining what any of this means. Location of nearby wetlands, or if the property is on wetlands, must also be disclosed. . A 2003 court ruling in Stebbins v. Wells, involving undisclosed severe erosion on a coastal property, stated that sellers and their agents could be held liable for “passive concealment” in some circumstances and explicitly pushed back against the “buyer beware” doctrine. SOUTH CAROLINA — GRADE: C South Carolina’s mandatory disclosure form includes specific statutory language requiring sellers to report flood problems, flood hazards or designations, all FEMA claims and the dates they were filed, as well as current flood insurance. Fire, smoke or other water “problems” must be divulged as well. It also requires a real estate agent to disclose known “adverse facts” about the property even if the seller omitted them. South Carolina also explicitly allows waiving all these disclosure requirements as long as both parties agree to do so in writing. Certain time-sharing and vacation home plans are also exempt from disclosure. SOUTH DAKOTA — GRADE: C South Dakota has a mandatory disclosure form laid out in state statute that includes “water penetration” issues, standing water on the property, roof leaks and any water damage that was repaired or not repaired. Sellers must also disclose previous flood insurance claims made on the property. TENNESSEE — GRADE: B Tennessee offers a disclosure form that is technically not mandatory, but state statute warns that any real estate transaction must include all items and provisions laid out in that form. Those items and provisions include “flooding, drainage, or grading problems,” flood insurance requirements, and property damage from fire, earthquakes, floods or landslides, as well as if that damage has been repaired. Sellers must also disclose any recent surveys conducted of the property, which could include information about flooding or flood risk. TEXAS — GRADE: A A state that has seen more than its share of flooding and disasters, Texas’s disclosure laws require comprehensive declarations regarding flooding and other adverse natural events. Water damage, fire damage, flooding from a “controlled or emergency release” of a reservoir, or from natural flood event, and six specific floodplain designations must all be disclosed by law. Sellers must also divulge current flood insurance and past flood insurance claims. Additionally, the law explicitly allows a buyer to terminate a contract if the seller does not provide the mandatory disclosures when entering into a purchase agreement. UTAH — GRADE: F With no flood or mandatory disclosure rules, Utah only generally asks real estate agents to divulge “known material facts” regarding “a defect in the property.” A 2002 court case involving a real estate agent who was selling property owned by her husband found that the agent and her brokerage were liable for failing to disclose “chocolate pudding-like” mud that made the land untenable for development. VERMONT — GRADE: F There are no mandatory flood disclosure forms or requirements in Vermont. A state statute regarding “unprofessional conduct” by licensed real estate agents allows the state to discipline those who fail “to fully disclose…all material facts within the licensee’s knowledge concerning the property being sold.” A 1998 court case (Carter v. Gugliuzzi) held a seller’s brokerage responsible for failing to disclose regular dangerous wind on a property, even though the broker was only aware of this fact because he happened to live in the area. VIRGINIA — GRADE: F The FEMA panel excoriated Virginia’s flood disclosure laws as “the opposite of buyer friendly.” While the state does have a mandatory disclosure form, that form explicitly exonerates the seller from disclosing flood-related items and warns the buyer to “exercise whatever due diligence they deem necessary” to learn about flood risks, flooding or flood designations on the property. An update to the relevant statute scheduled to go into effect in 2022 will “make available” a flood information sheet to buyers that speaks generally about flooding and insurance requirements under federal law. In the 2015 court case Devine v. Buki, a seller was held liable for fraudulently lying about leaks and water damage in the foundation of a 200-year-old house, with a judge rescinding the sale and awarding the buyer $100,000 in attorney’s fees. WASHINGTON — GRADE: C Washington’s disclosure rules are applied differently to “improved” residential real estate—properties that have a structure or structures on them—and “unimproved” properties that do not. For both types of properties, sellers must disclose flooding events, material damage from “floods, beach movements, earthquake, expansive soils or landslides” and “shorelines, wetlands, floodplains or critical areas” on the property. “Improved” properties must also include basement flooding events, while “unimproved” properties must specifically disclose federal floodplain designations. WEST VIRGINIA — GRADE: F West Virginia does not even have a state law that generally governs real estate disclosures—though at least two have been introduced by the legislature since 1996. Thacker v. Tyree, a 1982 court case provided some precedent that “defects or conditions which substantially affect the value or habitability of the property” must be disclosed by a seller, and another court case (Darrisaw v. Old Colony Realty Co.) in 1997 applied that doctrine in part to a home with an undivulged “high water problem.” That ruling added that a misrepresentation like this must be proven a “substantial factor in inducing the purchaser to buy the property” in order to hold the seller liable. WISCONSIN — GRADE: D Wisconsin has two mandatory disclosure forms: one for vacant land containing no buildings, and one for property with dwelling units. The form dealing with inhabited structures only asks if the property is in a floodplain, wetland or shoreland zoning area, along with a specific question about basement defects which “may include items such as flooding.” The vacant land disclosure form includes the same floodplain disclosures, but additionally asks if the property has suffered “material damage from fire, wind, flood, earthquake, expansive soil, erosion or landslide,” or if there is “water diversion, water intrusion or other irritants emanating from neighboring property.” WYOMING —GRADE: F With no mandatory form or flood disclosures, licensed real estate agents must still disclose “adverse material facts actually known by the licensee” to buyers, including “material defects in the property and any environmental hazards.” In the 2006 court case Reed v. Cloninger the court stated that buyers could pursue legal claims against real estate agents “for misrepresenting the condition of the property, provided they knew or reasonably should have known of the defect.” Jesse Williams is RISMedia’s associate online editor. Email him your real estate news ideas to jwilliams@rismedia.com. The post Flood and Disaster Disclosures: Law, Precedent and Grades for All 50 States appeared first on RISMedia......»»

Category: realestateSource: rismediaSep 21st, 2021

S&P Crosses New Milestone With First Close Above 3700

S&P Crosses New Milestone With First Close Above 3700 SPECIAL ALERT: The December episode of the Zacks Ultimate Strategy Session is now available for viewing! Tune in to this “must-see” event when Kevin Matras, Sheraz Mian, Jeremy Mullin, Tracey Ryniec and Madeleine Johnson discuss the investment landscape from several angles.   Don’t miss your chance to hear: ▪ Tracey and Madeleine Agree to Disagree on whether Black Friday, when consumers rush to stores to get deals the day after Thanksgiving, is over in 2020 as online shopping takes precedence ▪ Kevin covers his position on stop-loss orders in Zacks Mailbag   ▪ Sheraz and Jeremy choose one portfolio to give feedback for improvement ▪ And much more Simply log on to Zacks.com and view the December episode here. And please let us know what you think of this format. Email all feedback to mailbag@zacks.com. More records and more milestones were reached on Tuesday as the market cheered news that the U.K. began administering the Pfizer (PFE)/BioNTech coronavirus vaccine. The S&P closed above 3,700 for the first time ever today, which is exactly two weeks after the Dow made history with its first close above 30K. The index rose 0.28% to a new record of 3702.25. Meanwhile, the NASDAQ advanced 0.50% (or about 62 points) to 12,582.77, marking its fourth straight day with a record closing high. The Dow jumped 0.35% (or around 104 points) to 30,173.88. Its just about 45 points away from its own all-time high and remained above 30K for a third consecutive session. The U.K. ordered enough vaccine for 20 million people and started putting it to use today. It’s a big development in the fight against the coronavirus, as was the FDA’s finding here in the U.S. that the vaccine is safe and effective. The news helped the market rebound from a soft open, but the advance wasn’t very dramatic since positive vaccine developments are priced in. It’s been a month now since we first heard about the efficacy of the Pfizer/BioNTech vaccine back on November 9, which sent the Dow higher by more than 800 points. Since then, we’ve enjoyed positive data from a few other companies, leaving investors feeling pretty good that the virus’ days are numbered. But you know what would have a dramatic impact on the market? A stimulus deal! And it feels like Washington may finally be serious about getting something done, following the sharp rise in coronavirus cases and the weak jobs report from last Friday. Senate Majority Leader McConnell and Speaker Pelosi have both talked about the need for a deal before Congress goes home. It would certainly be a nice gift for investors heading into the holidays. Today's Portfolio Highlights: Stocks Under $10: Two double-digit winners were cashed in today, as Avid Bioservices (CDMO) was sold for a 42.6% return in just over a month and Interface (TILE) was let go for a 47.3% profit in about five weeks. Both of these names slipped to a Zacks Rank #4 (Sell) and Brian wanted to hang onto those solid gains. The plan now is to replace one name today and the other name next week. The addition on Tuesday was business process services company Conduent (CDNT). In other words, this is another outsourcing play. It has easily beaten the Zacks Consensus Estimate in the last two quarters, while rising earnings estimates have made the stock a Zacks Rank #2 (Buy). The editor was especially impressed with its “great valuation”, which includes 7x forward earnings and a price-to-book below 1x. Read the full write-up for more specifics on these moves. By the way, this portfolio easily had the best performer of the day among all ZU names as Liquidity Services (LQDT) soared 41.5%. The auction site reported a strong fiscal fourth quarter, which included beats on the top and bottom lines along with an encouraging outlook. The stock is now up more than 72% in the portfolio since being added on October 6. Meanwhile, Eton Pharmaceuticals (ETON) also made the top movers list today with an advance of 5.6%. Options Trader: Whenever a portfolio position doubles its premium, Kevin likes to reposition into a new option with the original investment amount. The editor did it TWICE on Tuesday. He sold to close the March 145.00 Call in Lear (LEA) for a 182.8% return and then immediately re-invested by buying to open a March 170.00 Call. Likewise, the March 120.00 Call in Visteon (VC) was sold to close for a 131.9% profit and replaced by buying to open a March 145.00 Call. Kevin considers such moves to be “free trades”, since they won’t be giving back any principal on a decline. The portfolio also bought to open a February 310.00 Put in S&P Global (SPGI), a provider of ratings, benchmarks, analytics and data to the capital and commodity markets. Kevin noticed “a sloppy bearish head and shoulders pattern in its chart”. And while it could still go higher, he wants to invest on the downside because the stock failed to hold any meaningful gains after its recent positive EPS surprise. Get more specifics about all of today’s action in the full write-up.  Zacks Short Sell List: This week's adjustment included only one change. The portfolio short-covered Incyte (INCY) and replaced it by adding Shift4 Payments (FOUR).  Learn more about this emotion-free portfolio that takes advantage of falling and volatile markets by reading the Short Sell List Trader Guide. Insider Trader: "The bulls found some extra energy in the second half of today's session on positive headlines about the vaccine, including the news out of the "vaccine" summit at the White House. "But it was pictures of the first "civilian" in the UK getting the vaccine, a 90-year old woman who turns 91 next week, which brought the "hope" trade back to life on Wall Street. "In the United States, the FDA approved Pfizer's vaccine so it's rollout to essential medical workers will begin shortly. "The world is on the cusp of getting this virus under control but we still have to get through the next few months." -- Tracey Ryniec, which had a top performer today as Arlo Technologies (ARLO) continues to advance with a 14.5% jump. All the Best, Jim Giaquinto Recommendations from Zacks' Private Portfolios: Believe it or not, this article is not available on the Zacks.com website. The commentary is a partial overview of the daily activity from Zacks' private recommendation services. If you would like to follow our Buy and Sell signals in real time, we've made a special arrangement for readers of this website. Starting today you can see all the recommendations from all of Zacks' portfolios absolutely free for 7 days. Our services cover everything from value stocks and momentum trades to insider buying and positive earnings surprises (which we've predicted with an astonishing 80%+ accuracy). Click here to "test drive" Zacks Ultimate for FREE >>  Zacks Investment Research.....»»

Category: topSource: zacksSep 21st, 2021

Clarksville to acquire 24-acre site for potential $150 million mixed-use development

The deal is still a few months away from closing......»»

Category: topSource: bizjournalsOct 18th, 2019

Whitesand closes on Elmwood deal with plans for $10M development

Whitesand closes on a deal with Ciminelli that will lead to a mixed-use structure......»»

Category: topSource: bizjournalsSep 23rd, 2019

Hotel developer finally closes on site at S. Lake Union gateway (Images)

Several years ago high-rise development was unheard of immediately off of the Stewart Street exit, but that's changed......»»

Category: topSource: bizjournalsAug 30th, 2019

Jehovah"s Witnesses jettisons Brooklyn development site for $2.45 million

A 4,000-square-foot religious facility in Crown Heights, Brooklyn, saw a lot of bidding activity before a deep-pocketed investor signed a deal with a $2.45 million offer. That's according to Jonathan Berman, a broker with New York-based Ariel Proper.....»»

Category: topSource: bizjournalsMay 16th, 2019

Brookfield closes on $165M Bronx buy

Brookfield has closed on its record-breaking purchase of a Bronx development site. The company paid $165 million for the shovel-ready site along the Harlem River waterfront in Mo.....»»

Category: realestateSource: realestateweeklySep 13th, 2018

Onni seals the deal with Clise for two-tower development site in Seattle

With sights sets on 2019 construction start, Onni is tweaking the plan to add more office space,.....»»

Category: topSource: bizjournalsSep 28th, 2018

Warehouse buyer acquires large South Bronx site

Turnbridge Equities has purchased a large industrial development site in the South Bronx, the latest deal in the recent rush to build and own warehouse space. The Manhattan-based real estate... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkJan 3rd, 2019

KRE closes $258M finance deal for Jersey City development

KRE Group and National Real Estate Advisor have closed on $258 million in financing for the construction of Tower Two at Journal Square.....»»

Category: realestateSource: realestateweeklyJan 29th, 2019

P&G close to deal for Fort Point land next to GE headquarters

The 6.5-acre site, which abuts the future GE headquarters, could host more than 1 million square feet of new development......»»

Category: topSource: bizjournalsJan 29th, 2019

8 entry-level jobs in tech that don"t require a STEM degree

Yanira Guzmán, who pivoted to tech from education, says positions in creative strategy and customer support are a good way to get started. Certain STEM related career paths, such as customer success manager, can help you enter the tech industry with little or no experience. Ngampol Thongsai/EyeEm/Getty Images Not all jobs in the tech industry require a STEM background for entry-level candidates. Tech companies also need employees for social media management and customer service positions. Depending on the role, creative and analytical skills can be just as important as technical proficiency. See more stories on Insider's business page. Tech is an ever-changing field responsible for many of the newest innovations we use every day - making it an exciting industry to work in. And even though people often assume that entering the tech industry as an entry-level candidate requires a STEM (science, technology, engineering, and mathematics) degree or strong computer coding skills, that's not the case.Although STEM degrees are highly valued for certain roles within tech, technology companies typically also have plenty of jobs that don't require a computer science major or strong technical background. For example, finance, sales, marketing, and recruitment are just some of the departments at tech companies that hire people without STEM backgrounds. In short, there's a range of entry-level roles in tech for people with all kinds of skill sets.I pivoted from the education industry into tech with a non-STEM degree myself. And as a career coach, I help my clients position themselves for their next roles - many of which are entry-level roles in tech. So I've had a chance to see which jobs are particularly promising for recent grads and other candidates with zero to three years of experience.Here are just some of the entry-level roles in tech that I've seen people enter with technical and other backgrounds.1. Customer success manager (CSM) Average salary: $69,829Customer success managers (CSMs) ensure that a service sold by a tech company (typically software as a service, or SaaS) runs smoothly throughout implementation. Working closely with sales representatives, a CSM comes into play toward the end of the sales process. Upon closing the sale, the sales representative typically makes a warm introduction between the customer and the CSM, who becomes the main point of contact between the customer and the company."A CSM is proactive," said Joshua Encarnacion, a leadership development expert and former talent leader for three tech-industry startups. "They influence the behavior of the customer. They make sure the onboarding happens by nurturing them, ensuring the customer is satisfied," and ultimately prevent any problems from developing.A CSM must have strong communication and presentation skills since they spend much of their time engaging with customers and communicating customer feedback to their company's product team. These are common transferable skills you likely learned during college courses or in an internship or part-time job. In addition, CSMs utilize project management skills throughout the length of a client's contract. A CSM role can lead into other roles in customer care such as customer service team lead, or, ultimately, vice president of customer experience. Or you might decide to pursue other roles in tech such as product manager or marketing strategist.2. Help desk support technicianAverage salary: $41,686Help desk support technicians and membership experience support associates work with customers to troubleshoot and/or resolve issues with their company's technologies. Unlike the CSM role, these roles are reactive - they respond when a customer reaches out with a specific problem. Individuals in these roles must be familiar with hardware, software, and network configuration. They must also be able to document the steps they took throughout the resolution process.In addition to the aforementioned technical skills, people in these jobs need to possess interpersonal skills that allow them to pick up on customers' emotions (albeit virtually or over the phone), respond to their problems quickly with a calm demeanor, and, if needed, de-escalate tense situations. Member experience associate or help desk support roles may feed into information technology (IT) roles such as systems administrator, network administrator, or head of IT, or into customer experience roles like customer service manager or account manager.3. Technical consultantAverage salary: $76,522Consultants advise others on their areas of expertise. Although most consultant jobs are not entry-level roles, many tech companies offer 24-month consultant rotational training programs for recent university graduates. Engineering or computer science graduates tend to serve as technical consultants (a.k.a., customer engineers) directly working with customers as technical advisors or subject matter experts (SMEs) in a specific technology, said Jose Luis Niño de Guzman, a university recruiter for a Seattle-based tech company.Technical consultants must demonstrate "adaptability, collaboration, [and] the ability to overcome obstacles," Niño de Guzman said. They can choose to continue their career path as consultants or they'll be well set up to move into other fields such as sales or product development.4. Social media strategistAverage salary: $53,534Social media strategists conceptualize, organize, and manage the social media presence of a company. Within the last decade, social media platforms (e.g., Twitter, Facebook, Snapchat, Instagram, TikTok, LinkedIn, and Pinterest) have grown tremendously. Each platform has its own purpose, feel, rules of engagement, and target audience, and most tech companies want to have a social presence across many or all of them. Therefore, social media strategists must not only know how each platform and its algorithms work and how to read its analytics, but also understand how to create content that is meaningful for its respective user base.Social media strategists need to be creative. Depending on the specific role, they may also need analytical skills, writing skills, and possibly even design skills. They must also stay up-to-date on social media trends and figure out ways to increase engagement. Those who've held entry-level social media roles can grow into social media managers, more generalized marketing managers, digital marketing leads, or digital marketing directors, or pursue a number of other careers in marketing.5. Web developerAverage salary: $60,287Web developers code, build, and update websites for companies. They fall into three categories: front end, back end, or full stack. A front-end developer works on the interface of a website - i.e., what the user sees. A back-end developer works on the programming a user can't see that makes a website function - i.e., what's "under the hood." And a full-stack developer works on both the front end and the back end of a website. Regardless of which role you choose, as a web developer you should know how to code and be knowledgeable in HTML, Java, C++, or other web development coding languages.To come in as an entry-level web developer, you should have a portfolio of websites that you've created or worked on. You should be able not only to show what you've already accomplished, but also to explain why you chose specific techniques and how you decided on a course of action based on the goals you wanted to achieve with the site. Web developer jobs can eventually lead to senior developer, technology director, or chief technology officer roles.6. Talent acquisition coordinatorAverage salary: $49,369Talent acquisition coordinators assist recruiters in finding promising prospects (a.k.a., candidates) for open roles within their company and ensuring they have a great experience throughout the recruiting process. They're responsible for scheduling interviews and following up with prospective candidates, for example. Tech companies need talent acquisition coordinators because they, like all companies, want to find the best possible candidates for every job.Talent acquisition coordinators must demonstrate strong communication and organizational skills along with the ability to work with hiring managers and others across multiple departments so they can understand how to best fill a variety of roles. Familiarity with sourcing programs (e.g., LinkedIn, ZipRecruiter, Indeed) is a plus, but they can often be learned on the job.The key differentiator that sets a strong talent acquisition coordinator apart is the ability to put themselves in a prospect's shoes. For instance, a talent acquisition coordinator should be able to tell a recruiter, "Hey, this candidate hasn't heard from us in three days and they're waiting for a response. Can I go ahead and send them this email?" Companies don't want to lose strong prospects because they feel like they've been "ghosted" -i.e., the company took too long to respond or didn't reach back out at all.As a result of the robust project management, project tracking, coordinating, and customer-facing skills talent acquisition coordinators develop, they have several options in furthering their career. They may continue within talent and recruitment, move toward other human resources or learning and development roles, or pivot to another role in tech.7. Software developerAverage salary: $72,619Software developers (sometimes called software engineers) write computer code to build new programs or features or solve problems with existing software. They generally fall into the same three categories as web developers (front end, back end, and full stack).Software developers must have a background in computer science or coding. Knowing the coding language or languages used in the role they're seeking - such as Python, Java, JavaScript, CSS, or SQL - is a plus (though if you're proficient in one language, it's usually easy to pick up another). When building teams, Encarnacion looks for software developers who can solve problems in a mathematical way and are able to explain their thought process and reasoning."Nobody writes a product on their own; it's done in a team," Encarnacion said. So a software developer needs to be able to effectively collaborate and communicate the "why" of their coding actions to their team members.As their careers progress, software developers can choose the management track and become product or engineering managers, product or engineering directors, and VPs of product or engineering. Or they can choose the technical track and move into positions like architect or technical fellow where they're thinking more broadly about how products are built and which technologies are best to use.8. UX designerAverage salary: $74,776A UX (user experience) designer figures out the visual component of a piece of technology - i.e., they design what the user will see and interact with. UX designers collaborate with both customers and their own colleagues to ensure that any products or services their company develops work well and are user friendly.In addition to using their creativity and design skills to imagine the look and feel of a product or feature, UX designers facilitate user groups and document their thoughts, feelings, words, and behaviors in relation to a specific problem that the tech company is trying to solve. Their main function is to constantly update and refine user interfaces to improve the customer's experience by really understanding human behavior. Throughout the entire development process, UX designers ask themselves:How do humans interact with technology?Why does this person use this app more than another app?How does the design influence the user's behavior and engagement with the app?Since the essential job responsibilities of UX designers are heavily centered on human behavior, this an appealing entry-level role in tech for those with non-STEM degrees, including graphic design or psychology grads (who also have design skills). UX designers may advance into roles such as senior UX designer, director of product development, or creative director.As you can see, there's a range of different roles in the technology industry. Some roles rely first and foremost on coding and other technical skills, some blend both technical and non-technical skills, and other roles don't require a heavy tech skill set at all. A number of different departments are needed to make a tech company run smoothly and create the world's next great technologies. So whether or not you have a background in STEM, there's an entry-level role that might be perfect for you.Read the original article on Business Insider.....»»

Category: topSource: businessinsider1 hr. 37 min. ago

Google To "Exercise Option" To Buy $2.1 Billion Manhattan Office Building

Google To "Exercise Option" To Buy $2.1 Billion Manhattan Office Building Google plans to purchase a Manhattan office building for $2.1 billion, the most expensive for any single US office building since the virus pandemic began, according to WSJ.  The deal for the St. John's Terminal building in the Hudson Square neighborhood of Manhattan comes as the tech giant already leases the building and plans to exercise the option to buy in the first quarter of 2022.  The plans add to Google's massive footprint in Manhattan. The company previously announced it would invest $250 million into the metro area to expand its headcount from 12,000 to 14,000 over the next few years. "Our decision to exercise our option to purchase St. John's Terminal further builds upon our existing plans to invest more than $250 million this year in our New York campus presence. It is also an important part of meeting our previously announced racial equity commitments, which include continuing to grow our workforce in diverse communities like New York," Google said in a blog post.  The site will be Google's most prominent office outside of California, coming in at 1.7 million square feet. The deal is a positive sign for commercial real estate in the metro area, beaten down during the virus pandemic. Still, most of the company's workforce remains remote and may not return to the office until January.  Google also seems unphased by the real estate turmoil in China, where the possible default of the country's largest property developer, Evergrande, could be imminent and ripple through property markets.  Tyler Durden Tue, 09/21/2021 - 19:05.....»»

Category: blogSource: zerohedge15 hr. 9 min. ago

Apple set to open first store in The Bronx

Apple is set to open its first store in The Bronx. Welco Realty’s James O’Brien brokered the deal for the new store at The Mall at Bay Plaza, developed by Prestige Properties & Development Co. in 2014. Jerry Welkis, president of Welco Realty and exclusive agent for The Mall at... The post Apple set to open first store in The Bronx appeared first on Real Estate Weekly. Apple is set to open its first store in The Bronx. Welco Realty’s James O’Brien brokered the deal for the new store at The Mall at Bay Plaza, developed by Prestige Properties & Development Co. in 2014. Jerry Welkis, president of Welco Realty and exclusive agent for The Mall at Bay Plaza and Bay Plaza Shopping Center said, “We were thrilled that we were finally able to sign a lease with Apple to bring them into the mall and to service the Bronx population as well as the southern Westchester county.” Apple will open at the Mall on Friday (Sept. 24). Although it has 10 stores in New York City, Apple has never had an outpost in the Bronx. The Bay Plaza development is one of the largest retail developments in the city of New York with over two million square feet of retail, entertainment and office space. The Mall was the most recent retail addition to the overall Bay Plaza development. The enclosed mall opened on August 14, 2014. It was the first enclosed regional mall to be open in NYC in over 40 years anchored by JCPenney and Macy’s.  Apple joins many other major retail chains that are part of the Mall at Bay Plaza Shopping Center including H & M, Forever21, Victoria’s Secret, American Eagle, Aeropostale, Bath & Body Works, GAP, Old Navy, Billy Beez, Pandora, Foot Locker, Uniqlo, XSport Fitness among many other fine retailers. There is also a major food court while the power center adjacent to the mall (Bay Plaza) has such notable retailers as AMC, Marshall’s, P C Richards, DSW, Stop & Shop, Ashley Furniture, Burlington, Bob’s Furniture, Raymour & Flanigan, and Sephora. The post Apple set to open first store in The Bronx appeared first on Real Estate Weekly......»»

Category: realestateSource: realestateweekly18 hr. 52 min. ago

The 20 most popular books of all time, according to Goodreads members

Goodreads is the world's largest platform for readers to rate and review books. Here are the 20 most popular books of all time, ranked by Goodreads. When you buy through our links, Insider may earn an affiliate commission. Learn more. According to Goodreads, some of the most popular books of all time include "The Great Gatsby," "Pride & Prejudice," and "The Hunger Games." Amazon; Rachel Mendelson/Insider Goodreads is the world's largest platform for readers to rate and review books. Below are the 20 most popular books of all time, ranked by Goodreads members. Want more books? Check out the most popular books of 2021, based on Goodreads. Goodreads is the world's largest site for readers to rate and review their favorite books and authors, track their reading, participate in challenges, and discover new book recommendations. No matter what you like to read, you can find it on Goodreads along with tons of fellow readers who love the same books. With millions of ratings and community reviews, readers are encouraged to share their opinions to help others determine their next read. We used the number of ratings of each book to determine the most popular books amongst Goodreads members, so whether you're curious if your favorite book made the list or are looking for a new read with millions of recommendations, here are the top 20 most popular books on Goodreads. The 20 most popular books of all time on Goodreads: "Harry Potter and the Sorcerer's Stone" by J.K. Rowling Bookshop "Harry Potter and the Sorcerer's Stone" by J.K. Rowling, available on Amazon and Bookshop, from $6.98With nearly 8 million ratings, "Harry Potter and the Sorcerer's Stone" is the most popular book of all time on Goodreads and has sold over 120 million copies. In this first book of the "Harry Potter" series, readers meet a young orphan boy who learns he's a wizard and begins his magical training at Hogwarts, a special school for witches and wizards. "The Hunger Games" by Suzanne Collins Bookshop "The Hunger Games" by Suzanne Collins, available on Amazon and Bookshop, from $11.69With almost 7 million ratings on Goodreads, "The Hunger Games" is the first book in a young adult dystopian series where the country is divided up into districts that annually select one boy and one girl to fight to the death in a highly publicized arena. When Katniss's little sister is chosen for the games, she volunteers in her sister's place and immediately begins training before entering the deadly arena. "Twilight" by Stephenie Meyer Bookshop "Twilight" by Stephenie Meyer, available on Amazon and Bookshop, from $10.16"Twilight" is an iconic young adult vampire romance novel about a high school girl named Bella who falls in love with a mysterious boy named Edward and quickly finds out he's a vampire. As the threat of a nearby nomadic vampire looms, Bella chooses to be with Edward and discovers the secrets of his world, despite the nearly constant risks to her life.  "To Kill A Mockingbird" by Harper Lee Bookshop "To Kill A Mockingbird" by Harper Lee, available on Amazon and Bookshop, from $7.19"To Kill A Mockingbird" is an American classic from 1960, a Pulitzer Prize winner, and frequently voted as one of the best books of the 20th century. It's about a young girl named Scout who's growing up in a time of racial division, amplified as her lawyer father defends an innocent Black man wrongly accused of a horrible crime.  "The Great Gatsby" by F. Scott Fitzgerald Bookshop "The Great Gatsby" by F. Scott Fitzgerald, available on Amazon and Bookshop, from $5.97First published in 1925, "The Great Gatsby" is a classic Jazz Age novel about millionaire Jay Gatsby and his love for Daisy Buchanan. Narrated by Gatsby's neighbor, Nick Carraway, the novel follows Gatsby's shady business dealings, extravagant parties, and pursuit of Daisy's affection.  "The Fault in Our Stars" by John Green Bookshop "The Fault in Our Stars" by John Green, available on Amazon and Bookshop, from $6.10In this absolute tear-jerker, Hazel is battling a terminal cancer diagnosis, offered a few extra years by a miracle medical advancement. In her cancer support group, she meets Augustus Waters and they immediately begin to fall for each other in this tragic and beautiful young adult love story.  "1984" by George Orwell Bookshop "1984" by George Orwell, available on Amazon and Bookshop, from $7.48In this novel predicting a dystopian future from its original publication in 1949, Winston Smith is living in a totalitarian world defined by strict mass surveillance and inundating propaganda. Winston works at the Ministry of Truth, rewriting history to fit the government's narrative, and can't help but wonder what the world was truly like before the revolution.  "Pride and Prejudice" by Jane Austen Bookshop "Pride and Prejudice" by Jane Austen, available on Amazon and Bookshop, from $5.47"Pride and Prejudice" is an 1813 romantic classic about Elizabeth Bennet, a young woman who is pressured to marry a wealthy man in order to provide for her family. She meets the brooding Mr. Darcy, with whom she begins a witty but civilized sparring banter as they slowly fall for each other in this novel about the influences of class and the importance of being true to yourself.  "Divergent" by Veronica Roth Bookshop "Divergent" by Veronica Roth, available on Amazon and Bookshop, from $8.46In the dystopian science fiction world of "Divergent," all 16-year-olds must devote themselves to one of five factions in society, each dedicated to a virtue. Beatrice Prior is torn between staying with her family and being true to herself, so she makes a daring and shocking decision, thrusting her into an intense initiation and transformation while keeping a potentially deadly secret and discovering the growing conflict within her seemingly flawless society.  "Harry Potter and the Prisoner of Azkaban" by J.K. Rowling Bookshop "Harry Potter and the Prisoner of Azkaban" by J.K. Rowling, available on Amazon and Bookshop, from $8.78When a murderer named Sirius Black escapes the wizarding world's highest security prison, rumor says he's headed to kill Harry since the dark Lord Voldemort's downfall was his as well. Even with the soulless prison guards searching the castle for Sirius, danger seems to follow Harry at every turn.  "The Hobbit" by J.R.R. Tolkien Bookshop "The Hobbit" by J.R.R. Tolkien, available on Amazon and Bookshop, from $14.37This fantastical classic introduces readers to magical Middle-Earth where Bilbo Baggins, a hobbit, sets out on a quest to win a treasure guarded by a dragon. Initially written for the author's children, this adventure novel is a prequel to the epic "Lord of the Rings" series and is a charming favorite with over three million ratings and 1.6 million five-star reviews on Goodreads.   "Harry Potter and the Deathly Hallows" by J.K. Rowling Bookshop "Harry Potter and the Deathly Hallows" by J.K. Rowling, available on Amazon and Bookshop, from $9.98In the final book of the "Harry Potter" series, Harry and his two best friends are on a cross-country journey to find the final answers that will help them defeat the dark wizard Lord Voldemort. Cumulating in an epic and devastating battle at Hogwarts, this intense novel closes the fantastical series with a shocking and emotional resolution.  "Animal Farm" by George Orwell Bookshop "Animal Farm" by George Orwell, available on Amazon and Bookshop, from $7.48"Animal Farm" is a classic satirical novel about a group of mistreated farm animals who rebel against the human farmer to take over the farm and attempt to create a system where all animals are free and equal. But when the community is betrayed and collapses under a single dictator, the animals' hopes for equality diminish.  "The Diary of a Young Girl" by Anne Frank Bookshop "The Diary of a Young Girl" by Anne Frank, available on Amazon and Bookshop, from $7.35Written by Anne Frank during the Nazi occupation of Holland, this diary is a firsthand, nonfiction account of the two years Anne and her family spent hiding in a secret annex of an old office building. With thoughtful insight and emotional impressions of the time, Anne's diary is a testament to her courage during the final years of her life.  "Harry Potter and the Chamber of Secrets" by J.K. Rowling Bookshop "Harry Potter and the Chamber of Secrets" by J.K. Rowling, available on Amazon and Bookshop, from $6.98Before returning to Hogwarts for his second year of school, Harry receives an ominous message of the danger that awaits him if he's to return. Needing to escape his dreadful aunt and uncle, Harry ignores the warning and happily returns to school — until students begin to turn to stone and a strange voice in the wall means Harry might be the only one who can save them. "The Catcher in the Rye" by J.D. Salinger Bookshop "The Catcher in the Rye" by J.D. Salinger, available on Amazon and Bookshop, from $5.21"The Catcher in the Rye" is a young adult classic about a 16-year-old boy named Holden Caulfield and his three-day adventure through New York City. Heavily impacted by his experiences, Holden is an example of teenage rebellion as he navigates complex feelings about innocence, connection, and loss.  "Harry Potter and the Goblet of Fire" by J.K. Rowling Bookshop "Harry Potter and the Goblet of Fire" by J.K. Rowling, available on Amazon and Bookshop, from $6.92In this fourth book of the "Harry Potter" series, Hogwarts is one of three schools participating in a Triwizard Tournament where one representative witch or wizard from each school must complete three extremely challenging tasks. When Harry's name is picked in addition to the three competitors, he must compete in the tournament, despite not knowing how he was entered.  "Angels & Demons" by Dan Brown Bookshop "Angels & Demons" by Dan Brown, available on Amazon and Bookshop, from $16.20"Angels & Demons" is the first book in the "DaVinci Code" series, a thrilling mystery novel where readers meet world-renowned symbologist Robert Langdon as he's called to help explain the mysterious symbols left seared into the chest of a murdered physicist. His research takes him through an intense investigation that leads him towards a deadly vendetta from the Illuminati.  "The Girl with the Dragon Tattoo" by Stieg Larsson Bookshop "The Girl with the Dragon Tattoo" by Stieg Larsson, available on Amazon and Bookshop, from $9.19In this international psychological thriller, Henrik Vanger is a billionaire whose niece disappeared over 40 years ago. Still searching for answers, he hires Mikal Blomkvist, a renowned journalist who recently lost a libel lawsuit, along with Lisbeth Salander, a mysterious but brilliant computer hacker. As the duo digs deeper into the investigation, they uncover a complex weave of family and financial secrets in this captivating Swedish thriller.  "Catching Fire" by Suzanne Collins Bookshop "Catching Fire" by Suzanne Collins, available on Amazon and Bookshop, from $7.98The second book in the "Hunger Games" saga follows Katniss and her public love interest, Peeta, after their historic arena win. Though they should be celebrating, rumors of a growing rebellion infuriate the Capitol and threaten their safety in this fast-paced, science-fiction sequel. Read the original article on Business Insider.....»»

Category: topSource: businessinsider19 hr. 9 min. ago

Texas Roadhouse"s fast-casual chain is expanding with plans for 10 locations in 2 new states

Jaggers, which is like "if Chick-fil-A and Five Guys got married and had a kid," will soon have locations in four states total. Irene Jiang / Business Insider Texas Roadhouse agreed to a franchising agreement to open 10 Jaggers locations. Jaggers is the company's fast-casual concept selling chicken, burgers, and salads. There are three Jaggers so far, with another planned by the end of 2021. See more stories on Insider's business page. Texas Roadhouse signed a deal to allow franchising of its fast-casual restaurant concept, Jaggers. The deal will allow The Saxton Group to open 10 Jaggers locations in Texas and Oklahoma, Nation's Restaurant News reported.Jaggers is a fast-casual restaurant serving burgers, chicken, and salads, first opened in 2015. Late Texas Roadhouse CEO and founder Kent Taylor described Jaggers as the answer to the question, "what if Chick-fil-A and Five Guys got married and had a kid?" in the Louisville Business Journal.So far there are three operating Jaggers restaurants, all corporate-owned, in Indiana and Louisville, with a fourth location planned for Indianapolis this year. The first franchise location is set to open in 2022, most likely in Texas, Adam Saxton, co-CEO of The Saxton Group said."What's exciting to me about Jaggers is it's like you took quick service's greatest hits - chicken, cheeseburgers, shakes, great salads, French fries, tater tots -and elevated the food quality," Saxton told Nation's Restaurant News. Meals are typically around $10 per person, in line with other fast casual competitors. Jaggers restaurants also all have drive-thrus, which are becoming increasingly important for both fast food and fast casual chains.Texas Roadhouse's business is booming, with same-store sales up over 80% over 2020, which was of course low because of COVID-19, but they're also up 21.3% over 2019 levels. Visits are up too, according to Placer.ai, indicating more customers are visiting the chain and are spending more money.Franchising is relatively rare for Texas Roadhouse. Of its 580 US locations, 511 are run by the company. But that may change."We are seriously exploring franchise development as a potential growth vehicle," Taylor said in a 2020 letter to Texas Roadhouse Shareholders. "We've been very successful in the full-service world, so why not retail and fast food, too?" Taylor said in February.Do you have a story to share about a retail or restaurant chain? Email this reporter at mmeisenzahl@businessinsider.com.Read the original article on Business Insider.....»»

Category: topSource: businessinsider19 hr. 9 min. ago

GameStop (GME) to Hire 500 Staff to Enhance Customer Service

To bolster e-commerce operations, GameStop (GME) announces plans to hire up to 500 employees at its new customer service center in Florida. GameStop Corp. GME has been quite proactive about undertaking efforts to strengthen digital operations. With consumers’ growing inclination toward online shopping, the company has been evolving itself into a strong and digitally advanced player in the gaming industry. Progressing on these lines, the company announced plans to hire nearly 500 employees at its customer service center in Pembroke Pines, FL. Let’s take a closer look at this latest development as well as other efforts undertaken by the company.Prudent Efforts to Boost Digital PresenceIn its last earnings call, GameStop had informed about entering into a lease for a new customer care center in Pembroke Pines, as it continues to build on customer care operations in the United States. Investment to boost employee strength at this facility is likely to reinforce the company’s U.S.-based customer care operations. This newly-leased service center is expected to be operational by the end of 2021.GameStop has been striving to build upon its digital capabilities, especially since the middle of last year when Ryan Cohen began taking interests in the company. RC Ventures, which is managed by Ryan Cohen, is one of the largest stakeholders of GameStop. Under the leadership of Ryan Cohen, the company has been undertaking radical digital transformation efforts. It has been restructuring its board and formed a Strategic Planning and Capital Allocation committee. Since the formation of this committee, the company has appointed several board executives with significant experience in e-commerce, customer care, technology, UI, UX, operations and supply chain.Expanding fulfillment network and e-commerce services has been a vital part of the company’s transformation efforts. In July, 2021, the company entered into a lease for a 530,000-square feet facility in Reno, NV, which is expected to be in operation this year. Prior to this, the company entered into a lease for a 700,000-square feet facility in York, PA. The facility began shipping orders during the second quarter of fiscal 2021. Owing to these expansions, the company’s fulfillment network now spans across both coasts of Continental U.S.The company’s strategic deal with Microsoft, to provide customers with enhanced digital solutions, is also noteworthy. GameStop utilizes Microsoft’s cloud solutions and hardware products to upgrade its business operations. Apart from this, it is strengthening omni-channel operations through the roll-out of same-day delivery services and several flexible payment options. To further boost consumers’ shopping experience, the company has enhanced search and navigation along with post-purchase features. GameStop is also striving to expand its product catalog by adding new products and leading brands across electronics, collectibles, toys and more. The company has been focusing on expanding and redesigning PowerUp Rewards loyalty program and improving engagement with vendors and partners.In order to support business transformation, GameStop completed the sale of 5-million shares of its common stock through its at-the-market equity offering program (the “ATM Offering”). It generated aggregate gross proceeds before commissions and offering expenses of approximately $1.13 billion. Prior to this, the company completed the sale of 3.5 million shares of its common stock through the ATM Offering and generated collective gross proceeds of nearly $551 million. The company has been using the proceeds for accelerating growth efforts as well as for general corporate purposes and strengthening the balance sheet. As a result of the ATM Offering, the company now has total shares outstanding of approximately 75.9 million.Image Source: Zacks Investment ResearchGameStop’s efforts to turnaround its business operations are encouraging. Investors have been keeping a close watch on the transformation efforts undertaken by the company’s restructured board.Caught in the meme frenzy earlier this year, shares of this Zacks Rank #3 (Hold) company have surged 920.2% in the year-to-date period compared with the industry’s rise of 41.4%.Here are 3 Key Stocks for YouThe Childrens Place, Inc. PLCE, flaunting a Zacks Rank #1, has a long-term earnings growth rate of 8%. You can see the complete list of today’s Zacks #1 Rank stocks here.Best Buy Co., Inc. BBY, with a Zacks Rank #2 (Buy), has a long-term earnings growth rate of 8.3%.Costco Wholesale Corporation COST, also with a Zacks Rank #2, has a long-term earnings growth rate of 9.3%. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Best Buy Co., Inc. (BBY): Free Stock Analysis Report Costco Wholesale Corporation (COST): Free Stock Analysis Report GameStop Corp. (GME): Free Stock Analysis Report The Childrens Place, Inc. (PLCE): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacks20 hr. 9 min. ago