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Sterling Today committed to preserving historic downtown building

Mercantile Building has been seeing various repairs recently including tuck -pointing and other basic improvements. Sterling Today is preparing the building for future development ." class="automarg" src="http://www.saukvalley.com/_internal/cimg!0/mrn1po0shc9d8v5zpx2wf2x8humrbqw" /> Michael Krabbenhoeft/mkrabbenhoeft@saukvalley.com Caption The Sterling Mercantile Building has been seeing various repairs recently including tuck -pointing and other basic improvements. Sterling Today is preparing the building for future development . Mercantile Building in downtown Sterling . The building, next to The Emporium Thrift Store and across the street from County Market, is undergoing some general maintenance work , including tuck -pointing and new windows." class="automarg" src="http://www.saukvalley.com/_internal/cimg!0/mqaay45zgdbgp0gubhw9k88fgisph72" /> Michael Krabbenhoeft/mkrabbenhoeft@saukvalley.com Caption A worker inspects the...

Hay Street could be closed up to 12 weeks - News - The Fayetteville Observer

Monica Vendituoli Staff writer @mvendituoli Hay Street may be permanently reduced to two lanes near the new baseball stadium , a city leader said Thursday morning. That revelation, plus the fact the street could be closed for up to 12 weeks during stadium construction and renovation of the Prince Charles Hotel , were part of a baseball update and web portal unveiling at the Greater Fayetteville Chamber . City leaders discussed details on the impact of construction downtown and introduced three committees connected to the stadium project. More than 50 people jammed the chamber’s conference room on Maxwell Street. Over the course of about 60 minutes, officials from the chamber, the city and the Houston Astros shared details on how downtown may be altered during and after construction of the $33 million stadium and surrounding private projects . The stadium is expected to be ready for Opening Day in April 2019; the city and the Astros have a lease for the team to play there...

As Houston plots a sustainable path forward, it’s leaving this neighborhood behind

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Juan Parras gives one hell of a tour of Houston’s east side. He’s charming and funny. Wearing a beret, he strikes an old-world look, like he might lead you to a cafe on a plaza. He doesn’t charge a fee for his services. After all, you’re on a “toxic tour,” and Parras is on a mission. Parras grew up in 1950s West Texas . He remembers segregated schools, the restaurants that wouldn’t serve him, the unpaved roads, and the people who lived closest to the local refinery . Those experiences led him to a career as a social justice advocate . The resident of Houston’s heavily industrial east side has worked in a city housing department , for a union, for a law clinic, and on a campaign that stopped a PVC factory from being built in Louisiana’s “Cancer Alley.” For the last decade, he has served as executive director of Texas Environmental Justice Advocacy Services (better known as t.e.j.a.s.). Part of his work is leading tours past the heaping piles of scrap metal along Houston’s Buffalo Ba...

The buyers plan a large capital improvement at the 736-unit apartment complex in the Inland Empire area.

ONTARIO, CA—A partnership of MG Properties Group and Rockwood Capital has purchased the 736- unit Terracina apartment complex for $95 million. Terracina is at the intersection of Riverside Drive and Archibald Avenue near the I-15 and Highway 60 freeways. Amenities include two large common areas , a fitness center, pools, tennis courts, and scenic waterways. Mortgage financing was provided with two separate fixed-rate loans from Fannie Mae, arranged by Bryan Frazier of Walker & Dunlop. Greg Harris and Kevin Green of Institutional Property Advisors represented the buyer in the transaction, and Ed Rosen and John Chu with Cushman & Wakefield represented the seller. The buyers plan to invest in Terracina’s common areas, grounds, and buildings, providing additional amenities and improving the living experience for residents. Moderate interior renovations will be performed on a portion of units to provide multiple levels of finishes, according to Ju...

Carmel city leaders, small business owners meet

A few dozen people spent their lunch hour Aug . 22 discussing City of Carmel projects as part of the Carmel Small Business Network . Carmel Mayor Jim Brainard spoke in the city council chambers about issues such as property taxes, debt and proposed projects such as purchasing an antique carousel and constructing a luxury hotel. Brainard told the group of business owners he’s sending his 2018 budget to the Carmel City Council and that he expects the tax rate to remain flat. He defended his plan to spend approximately $5 million to acquire an antique carousel built in 1907. “It will make it a more interesting visit to Carmel,” he said. Brainard also explained how it makes financial sense for the city to become part owners of a luxury hotel in the Carmel City Center area . He said most hotel chains wants to see big returns on investment, and the city is happier with smaller profit margins from the hotel because of what it will mean for economic development. “If we’re going to g...

Carl Icahn’s Failed Raid on Washington

One day in August, 2016, the financier Carl Icahn made an urgent phone call to the Environmental Protection Agency . Icahn is one of the richest men on Wall Street, and he has thrived, in no small measure, because of a capacity to intimidate. A Texas- based oil refiner in which he had a major stake was losing money because of an obscure environmental rule that Icahn regarded as unduly onerous. Icahn is a voluble critic of any government regulation that constrains his companies. So he wanted to speak with the person in charge of enforcing the policy: a senior official at the E.P.A. named Janet McCabe . Icahn works from a suite of offices, atop the General Motors Building , in midtown, that are decorated in the oak-and-leather fashion of a tycoon’s lair in a nineteen-eighties film. During that decade, Icahn made his reputation as one of the original corporate raiders , pioneering the art of the hostile takeover and establishing himself as a human juggernaut—a pugnacious deal machine ...