Tag: closing

Cresset Diversified QOZ Fund Announces Loan Closing and Construction Start for Investment in Denver

CHICAGO–(BUSINESS WIRE)–Cresset Partners and Diversified Real Estate Capital announced today the loan closing and construction start for the Cresset Diversified QOZ Fund (“Fund I”) investment in the Residences at RiNo multifamily development in Denver, Colorado.

This investment marks the fourth joint venture between Cresset Diversified and Hines, representing over $750 million in opportunity zone developments around the country. Led by Cresset Diversified’s experienced team of real estate, private equity, tax, and legal professionals, Fund I invests in institutional-quality, core real estate development projects and focuses specifically on well-positioned urban neighborhoods in high-growth markets like Denver.

Residences at RiNo is a build-to-core multifamily real estate project located in North Wynkoop, a premier master-planned district and is the only available multifamily development site within the master plan which is located in a qualified opportunity zone, just north of Downtown Denver. The property will be an 11-story, mid-rise residential building with

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After 33 years in the doughnut business, San Jose couple closing their shop

Doughnuts have been a lifeline for the Lim family.

For the past 33 years, Chip Lim has arrived well before dawn each morning to start baking at the shop he and his wife, Sara, own at the corner of Union and Camden avenues in San Jose’s Cambrian district.

This Sunday, they’ll sell their last chocolate glazed, old-fashioned and apricot jam-filled doughnuts and turn out the lights at Sunny Donuts. A slowdown in sales during this coronavirus year has accelerated their retirement plans, said son Ben Lim, who — along with brother Howard and sister Emily — grew up working in this family business.

  • SAN JOSE, CA – OCTOBER 09: A photograph taken in the late ‘80s of Sunny Donuts owner Chip Lim is held by Lim for a portrait on Oct. 9, 2020, in San Jose, Calif. Sunny Donuts is closing on this Sunday, Oct. 11. (Dai Sugano/Bay Area News

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Stocks climb, closing out biggest weekly gain in 3 months

Wall Street closed out its best week in three months Friday as investors drew encouragement from ongoing negotiations on Capitol Hill aimed at delivering more aid to the ailing U.S. economy.

The S&P 500 rose 0.9%, its third straight gain. The benchmark index ended the week with a 3.8% gain, its strongest rally since early July.

Much of this week’s focus has been on Washington, where President Donald Trump sent markets on a sudden skid Tuesday after he halted negotiations on a support package for the economy until after the election. He appeared to change his mind a few hours later, however. On Friday, Trump was cheerleading the prospect of a deal, declaring on Twitter that talks on a new aid package are “moving along. Go Big!”

“The fact that Trump reversed course, I think, has given people optimism again,” said Randy Frederick, vice president of trading & derivatives at

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Regal closing leaves few movie theaters in Central Mass. – News – telegram.com

It was supposed to be the year that James Bond and Wonder Woman duke it out for box-office supremacy, while marking the triumphant return of the Ghostbusters, Godzilla, giant Arrakis sandworms and hotshot naval pilot Maverick on the big screen.

Instead, it turned into a year of darkened movie theaters and pushed back release dates for potential Hollywood blockbusters because of the coronavirus pandemic.

Nearly all movie theaters in Central Massachusetts are shut down.

Regal Cinemas announced this week that all 536 theaters nationwide would be “temporarily suspending” all operations at the end of the day on Thursday, including Regal Cinemas Solomon Pond 15 in Marlboro.

In addition, Cinemagic in Sturbridge, Cinemaworld in Fitchburg, Elm Draught House in Millbury, Entertainment Cinemas in Leominster, Gardner Cinemas in Gardner, Strand Theatre in Clinton, and West Boylston Cinemas have all been closed for months. Showcase Cinema North in Worcester, which is owned by 

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New British Airways First Class Suites Same Seat But With Closing Doors

There’s not much good news coming out of the airline industry these days. Many carriers have grounded large portions of their fleets, slashed flight schedules in response to travel restrictions and border closures, and even put up their frequent-flier programs as collateral for loans and bailouts. But at least one bright spot landed at London Heathrow Airport earlier this week in the form of a gleaming new first-class suite with closing doors aboard British Airways’ most recently delivered Boeing 777-300ER aircraft.

Last year, the airline began a much-needed update of its business-class cabins, starting with the Airbus A350-1000s joining its fleet, and followed by a refurbishment of some Boeing 777s, then the delivery of its first Boeing 787-10s earlier this year. Taking a cue from newer suite-style layouts with closing doors that can be found aboard competitors like

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RTW Retailwinds, Inc. Announces the Closing of the Sale of Its e-Commerce Business, Including the New York & Company and Fashion to Figure e-Commerce Intellectual Property, to Saadia Group, LLC

NEW YORK–(BUSINESS WIRE)–RTW Retailwinds, Inc. (“RTW” or the “Company”) [OTC PINK:RTWIQ], an online specialty apparel retail platform for powerful celebrity and consumer brands, announced that it closed on the sale of its e-Commerce business and all related intellectual property, including its websites, www.nyandcompany.com, www.fashiontofigure.com and its rental subscription businesses at www.nyandcompanycloset.com and www.fashiontofigurecloset.com, together with certain other assets, to Saadia Group, LLC. The sale was previously approved by the Bankruptcy Court on September 4, 2020.

Sheamus Toal, Chief Executive Officer of RTW, commented: “We are delighted to have successfully closed on the sale of our business, maintaining the legacy of our New York & Company brand and continuing Fashion to Figure’s tremendous growth. Looking to the future, we believe the new company is well-positioned for organic growth within the digital space with both the New York & Company and Fashion to Figure brands. We see significant opportunities to

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H&M closing hundreds of stores as pandemic accelerates online shift

Clothing giant H&M plans to close hundreds of stores next year as the COVID-19 pandemic accelerates a shift to online shopping.

The world’s second-largest fashion retailer announced the move on Thursday, according to AM New York, following a smaller than anticipated drop in third-quarter profit.


Although H&M has expanded its reach globally over the past couple of decades, it has begun closing more brick-and-mortar stores and opening fewer of them. The Swedish fast-fashion firm is aiming to cut its numbers by 250 in 2021, representing  5% of its current network.

The portfolio shift comes even as H&M, like rivals, begins to recover from pandemic-related shutdowns and an economic slump.

“Although the challenges are far from over, we believe

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Editorial: Closing Parris Island is an awful idea, and not just because it’s in SC | Editorials

Americans can be pretty stubborn, and as a result even the best plans too often fail, because leaders — be they in government, business, the nonprofit sector or even in our social circles or families — can’t get enough buy-in from followers. Even the idea of being a “follower” is repugnant to many Americans.

The one exception is the military. In the military, people respect the chain of command. Soldiers, sailors, airmen and Marines — especially Marines — have it drilled into their brains from the moment they enter basic training that when the chain of command breaks down, people can die.

So if the commandant of the Marine Corps decides that his subordinates are going to do something, you can bet they’ll do it. That includes complying with the congressional mandate to start training male and female recruits together at its Parris Island and San Diego training depots.


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Marine Corps considers closing Parris Island training station

If Parris Island closes, South Carolina could lose hundreds of millions of dollars, official says.

COLUMBIA, S.C. — Parris Island in Beaufort County is home to the Marine Corps’ recruit depot for the East Coast. It’s been accepting recruits since 1915.

According to reports from Military.com, the Marines are considering closing both Parris Island and their West Coast training facility in San Diego to combine them into a new location.

The report says both locations will soon be required to accommodate coed training but would need renovations to do so. The Marines say it might be more cost efficient to shut down and build a new boot camp somewhere else.

But South Carolina Governor Henry McMaster isn’t so fond of the idea. The Governor’s spokesperson Brian Symmes tells News19, “Parris Island’s historic and economic significance is woven into the very fabric of our state and the Lowcountry. Simply put, there

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Just Energy Announces the Closing of its Recapitalization Plan and Reconstitution of the Board of Directors

The MarketWatch News Department was not involved in the creation of this content.

Reconstitution of the Board of Directors with five new directors

Financially strengthened Just Energy well-positioned for sustainable growth as an independent industry leader

Just Energy Group Inc. (“Just Energy” or the “Company”) (TSX:JE; NYSE:JE), a retail energy provider specializing in electricity and natural gas commodities and bringing energy efficient solutions and renewable energy options to customers, today announced the closing of its previously announced recapitalization plan (the “Recapitalization”) and the reconstitution of its board of directors (the “Board”).

Together, these actions reduce debt, increase liquidity and refresh Just Energy’s governance. The Recapitalization strengthens and de-risks the business and positions Just Energy for sustainable growth as an independent industry leader.

“With the closing of our Recapitalization, Just Energy can confidently move forward with a solid financial position, focused on

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