“I believe in the future of Downtown Los Angeles”: Silverstein closes US Bank Tower buy

first_imgShare via Shortlink Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Email Address* OUE Limited executive chairman and CEO Stephen Riady and Silverstein Properties’ Larry Silverstein, with US Bank Tower at 633 West Fifth Street (Credit: Spencer Platt/Getty Images, and Wikipedia)Silverstein Properties closed on its $430 million deal to buy US Bank Tower, an iconic Downtown Los Angeles property whose purchase price was far below initial expectations.New York-based Silverstein made the announcement on Wednesday. The company was first confirmed to be the buyer of the 73-story trophy office tower in July.In a statement, chairman Larry Silverstein said: “I believe in the future of Downtown Los Angeles.”He added that over the last few years, DTLA “has started to transform into a 24/7 community, with new residential buildings, restaurants, and bars — much like Lower Manhattan in the years after 9/11.”The seller was Singapore-based investment management firm OUE Limited, which had put the 1.4 million-square-foot property on the market in early 2019.OUE had acquired the property for $367.5 million in 2013, and valued it at about $633 million in its latest annual report. The sales price reflects the impact of the coronavirus pandemic, the seller noted in July.Silverstein is planning comprehensive capital improvements to the property “to provide building tenants with a creative office campus in a vertical urban environment.” The company is also launching “INSPIRE, its hospitality-focused tenant experience program and mobile app designed to help tenants get the most out of their workday.”According to previous disclosures to the Tel Aviv Stock Exchange, Silverstein plans to finance about 55 percent of its US Bank Tower acquisition and capital improvement costs with a three-year loan at an interest rate of Libor plus 3.4 percent, with two one-year extension options. No specific lender was named.Read moreSilverstein Properties confirmed as buyer of US Bank TowerDowntown’s US Bank Tower in contract to sell for $430MUS Bank Tower in Downtown lists for sale Contact Kevin Suncenter_img Full Name* Message* TagsInvestment SalesLarry Silversteinsilverstein propertieslast_img read more

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Gophers finish in second place against Ohio State, Illinois State

first_imgMinnesota finished first in the beam event, earning a score of 49.100. Ramler had the top score of 9.900.In wake of the Michigan State scandal involving former USA Gymnastics team doctor Larry Nassar, Minnesota gymnasts wore teal pins to honor sexual assault victims. These pins will be on the uniforms for the remainder of the season. Hansen said she supports the women who have come forward to say they are survivors of sexual assault.“We want to show our support for those who have gone through really unfortunate things,” Hansen said.Minnesota will face Nebraska in Lincoln, Neb. on Saturday. The team will return home for a meet against Illinois on Feb. 9. Hansen said there wasn’t much of a difference between competing on the road and at home.“Being on the road is certainly a little bit different than what they’re used to,” Hansen said. “I’m proud of how they responded.” Gophers finish in second place against Ohio State, Illinois StateMinnesota posted its highest score on the floor event since 2004.Jack RodgersSophomore Ivy Lu performs her beam routine at Maturi Pavilion on Saturday, Jan. 20. The Gophers defeated the Michigan State Spartans 196.075 to 194.925. Erik NelsonJanuary 29, 2018Jump to CommentsShare on FacebookShare on TwitterShare via EmailPrintOnce again, Lexy Ramler earned a first place finish for Minnesota.Ramler won her third-consecutive all-around title in Minnesota’s meet against Ohio State and Illinois State on Saturday in Columbus, Ohio. Her single meet score of 39.600 is the eighth-highest in University of Minnesota history.While Ramler triumphed, Minnesota finished in second place for the first time this season, earning a score of 195.755.The team had multiple falls on the bars. However, head coach Jenny Hansen said the team was able to recover.“That was [a] pretty tough way to start the meet. We have a lot of confidence in our bar team,” Hansen said. “They came back strong. The next four people on bars did awesome.”Sophomore Ivy Lu posted a score of 9.950 on bars, which is a career-high for her. Ramler tied for first in the floor exercise, earning a score of 9.950.last_img read more

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Bruno Fernandes in Portuguese interview – Man United ace on messages…

first_imgFollowing an interview with Manchester United’s website which had big coverage in Portugal, Bruno Fernandes has now had a live chat on Instagram with Portuguese singer Carolina Deslandes. One of the quotes which has been doing the rounds in his home country’s media was the one where he said he’d only wear red if playing for the Red Devils or the national team.Due to his old club Sporting being city rivals of Benfica, the midfielder says he’s received a few harsh messages about it.“I received a lot of comments saying that I don’t have the quality to play for Benfica. But I have colleagues who played for Benfica and left and who say they will never play for Sporting. It’s normal, I created bonds with Sporting that I hadn’t created until now,” said Bruno Fernandes (via Record).“Maybe for the moments and for everything that happened. Also for the people, we went through very difficult things inside and at the same time it was very good. We had a mishap in the middle, what happened at the training centre, it’s no secret that it touched everyone.”Embed from Getty ImagesCarolina Deslandes is a friend both of Bruno and of his wife Ana Pinho, so the player spoke a little about his marriage as well, recalling the early days in school.“She refereed my games at school. Did she favour me? No! She once gave me a yellow card for complaining to the referee. She came from the other side of the field, came to me and gave me a yellow card. This is true.”The couple are about to have their second child, having revealed in March that it’s a boy. And Bruno says he’s even tried to convince his wife of a specific name, but he lost that battle.“He’ll be called Gonçalo,” said Bruno, joking with Portuguese footballer Gonçalo Paciencia (via Nova Gente).“Gonçalo Paciência is getting to know now, first hand. It’s not because of you, Gonçalo, if it were because of you he wouldn’t have this name (laughs).“I wanted Bruninho Júnior but I had few people supporting me in that name. I had to give in.”by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksTrending TodayForge of Empires – Free Online GameIf You Like to Play, this City-Building Game is a Must-Have. No Install.Forge of Empires – Free Online GameUndo聽多多 Hearmore.asia我們現正尋找希望使用市面上最新幾乎隱形的助聽器的香港試用者。限50歲以上*聽多多 Hearmore.asiaUndoHero WarsGetting this Treasure is impossible! Prove us wrong!Hero WarsUndoRaid: Shadow Legends | Free DownloadEven Non-Gamers Are Obsessed With This RPG Game (It’s Worth Installing!)Raid: Shadow Legends | Free DownloadUndoCNN with DBS BankWhat Banks Changed To Help SMEs During Covid-19CNN with DBS BankUndoStanChart by CNBC CatalystIs the Banking Industry Key to Unlocking the Potential of Emerging Markets in Global Trade?StanChart by CNBC CatalystUndoLoans | Search AdsNeed a loan? Search hereLoans | Search AdsUndoCoworking Space | Search AdsThe cost of shared office in Hong Kong might surprise youCoworking Space | Search AdsUndo熱門話題生髮率無敵高!96%的禿頭都獲得改善!←這會不會長太多?熱門話題Undolast_img read more

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Across The Line – August 14th, 2020

first_imgOn this evening’s edition of Across The Line with Shane Brophy, we’ll be focusing on the final weekend of group stage action in the FBD Insurance County Hurling Championship:– Dan Breen Cup preview with former Tipperary net minder Ken Hogan and hurling writer Michael Dundon.– O’Riain Cup preview with Eamonn Wynne of the Nationalist & John Delaney, PRO of North Tipperary GAA.– A round up of all the other GAA and soccer fixtures, as well as a ladies football preview with Tony Smith.Tipp FM Radio · Across The Line – August 14th, 2020 Shane Brophy on Across the Line | Photo (c) Tipp FMlast_img

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