first_imgCalSTRS CEO Jack Ehnes and PCCP partner Jim Galovan (Photos via iStock, CalSTRS, PCCP)The nation’s second largest public pension fund and an investment firm are placing a big bet on build-to-rent housing.California State Teachers’ Retirement System and Pacific Coast Capital Partners have formed a $1 billion joint venture to invest in the fast-growing single-family housing sector, according to the Los Angeles Business Journal.The venture will focus on build-to-rent communities in primary and secondary markets across the country. It will acquire existing properties and construct new single-family developments.CalSTRS and PCCP have so far paid $240 million for five build-to-rent properties in Atlanta; Jacksonville, Florida; Nashville, Tennessee; and Raleigh, North Carolina.“With a nationwide shortage of single-family housing supply, we see the strongest demand for the [build-for-rent] sector coming from millennials and baby boomers,” PCCP’s Jim Galovan said in a statement. The duo is targeting homes between 1,200 square feet and 2,000 square feet, which Galovan said are in particular demand among renters because of their price point.The pandemic has led to a surge in demand for housing outside urban areas, and has also pushed prices up. A growing number of individuals and families who have struggled with social distancing in large apartment buildings are opting for more indoor and outdoor space in the suburbs once their leases are up.Investors are seeing opportunity. Firms like NexMetro, Brookfield Asset Management, and American Homes 4 Rent are also betting big on the build-to-rent sector.More than 50,000 build-to-rent homes were constructed in the 12 months ending on Sept. 30, according to a recent report. That was 66 percent more than the average over the last 40 years.Last week, developer Quinn Residences said it was planning to construct 8,000 build-to-rent houses in the Southeast after a $500 million commitment from an investor. [LABJ] — Dennis Lynchlast_img read more

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first_img Show Closed This production ended its run on Dec. 8, 2019 View Comments Betrayal Related Shows Tom Hiddleston poses proudly with Sardi’s owner Max Klimavicius. Betrayal star Tom Hiddleston is all smiles with his Sardi’s portrait. Betrayal is scheduled to end its run at the Bernard B. Jacobs Theatre on December 8, but the cast had a reason to celebrate on December 5. Tom Hiddleston joined the ranks of Broadway luminaries who adorn the walls at Sardi’s in New York City. His co-stars Zawe Ashton and Eddie Arnold stepped out to support his honor. Take a look at the photos from the occasion, and try to catch their moving performances in Betrayal during its final weekend on the boards.last_img read more

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first_imgBy Fr. Glenn JonesSo these days we find ourselves in the midst of a health crisis … spawning an economic and financial crisis in its wake. Tanking markets. Fear, uncertainty, trepidation, worry. Isolation against an invisible enemy. Empty streets. Vacant airports. Closures. Shortages. Unemployment. Lockdowns. Dire forecasts.  Flattening, but extending, “the curve”.…Opportunity.One of the most pervasive misconceptions about the divine is that, if we are good people, God should make everything hunky-dory for us all the time. Well, for one thing, who among us is truly good? Even Jesus challenged His interlocutor: “Why do you call me good? No one is good but God alone” (Mark 10:18) … in one sense asking the young man: “Do you recognize me?” But more broadly, who among us has never known hardship of some kind? O whiney Christian, who in the Bible did not go through proverbial fire to reach greater holiness … greater happiness, the fruit of holiness? Abraham? Jacob? Moses? Nope. David or Solomon? Uh-uh. The prophets? Ever get thrown down a cistern like Jeremiah?How about the New Testament? John the Baptist? Lost his head. The apostles? Tortured and murdered. Jesus own mother?; certainly God would spare her? Watched her Son die on a cross. How about God’s own beloved child? Beaten, scourged, reviled, crucified. Christian saints? Nope … not a one; in fact, hardship proved their sanctity.On a related note, very many churches have closed in order to help with slowing the spread of the coronavirus. A misconception that many pious have subsequently raised is: “God wouldn’t allow people in church—His house!—to be infected!” Well, using that logic, He wouldn’t allow a church to burn either. But … remember Notre Dame? Or the tragic church shootings of recent times. The martyrdom of Bishop St. Thomas Becket, slain before the altar? Or the martyrdom of Bishop St. Oscar Romero in 1980, gunned down while celebrating Mass? Or, even more recently, 85-year-old Father Jacques Hamel in 2016 … throat slit at the altar?As God is Creator, physical laws are His laws as well … and the coronavirus will act in accordance with those laws. Therefore, like Jesus, we are not to “put the Lord to the test” just as He did not throw Himself off of the temple (Matthew 4:5-7) … just as we wouldn’t go into a burning church simply because it’s our regularly-scheduled service.So … where’s this “opportunity” I mentioned. After all, hardships are hardly appealing. But, as the saints proved themselves and their faith in hardship, we,  too, are called to remain faithful and charitable now more than ever. That is the major theme of the story of Job—that even the good may suffer even extreme loss and trial, but the righteous man/woman remains faithful nonetheless … to be rewarded by God beyond measure for that fidelity. Christians remember in times of difficulty that we are not to despair … not to love the consolations of God more than the God of consolations. He tells us: “I will put [them] into the fire, and refine them as one refines silver, and test them as gold is tested.They will call on my name, and I will answer them. I will say, ‘They are my people’; and they will say, ‘The LORD is my God.’” (Zecariah 13:9)We must look beyond the present moment toward the final goal. After all, what worthwhile thing does not require effort and trial?  As St. Paul wrote: “I consider that the sufferings of this present time are not worth comparing with the glory that is to be revealed to us.” (Romans 8:18) Even Jesus did not receive all that He requested in prayer … praying for deliverance from His coming passion just before His arrest. And yet, more importantly, He provided example for us in also praying to the Father: “Not my will, but thine, be done.” (Luke 22:42) That is perhaps the greatest prayer of all—that we ask that God’s will be done through us, for His will IS the Good. And His will is accomplished through us when we continue in faith, and live according to His Word.Poor disciples … poor soldiers of God we would be if we fled from difficulty and hardship. Our situation today seems dire because we live in such a time and society of plenty and ease relative to times before ours. But the higher we are, the farther it is to fall. Yet someone from a poor country might be unimpressed, and ask: “What’s the big deal? You’re still living a lot better than WE do!” Perspective … perspective.Yes, when the going gets tough … the tough get going! The philosopher Friedrich Nietzsche famously said: “That which does not kill us makes us stronger.” And so … yes, with trial comes opportunity … to teach our youth resilience, determination, strength, wise preparation, and—perhaps most of all—charity. To prove ourselves in faith, refusing to capitulate in the face of challenge. To look into hardship and say with Edmond Dantes: “Do your worst, for I shall do mine!” To be able to proclaim with St. Paul at the terminus of this situation: “I have fought the good fight, I have finished the race, I have kept the faith.” (2 Timothy 4:7) To be lights to the world in times of the darkness of doubt through charity and kindness, for the paradox of charity is that the more we empty ourselves to help others, the more we ourselves are filled. For those temporarily without church services, consider meditating on the “Song of Songs”, a.k.a., “the Song of Solomon” in the Bible. It begins as a romantic dialogue of two lovers, followed by the bride’s emptiness when the bridegroom is lost: “I sought him whom my soul loves; I sought him, but found him not; I called him, but he gave no answer.” (Song of Solomon 3:1). That is how Christians might feel at the present moment: where is the bridegroom? But then … reunion, and intensified love: “I found him whom my soul loves. I held him, and would not let him go…” (Solomon 3:3-4) The eternal embrace of bride and bridegroom.Does God ever forget us? Of course not. “Can a mother forget her infant, be without tenderness for the child of her womb? Even should she forget, I will never forget you. See, upon the palms of my hands I have written your name…” (Isaiah 49:15-16) God is nearer to us than we are to ourselves … and so let us come ever nearer to Him, proving ourselves by loving God and neighbor, especially in trying times … for “Jesus, I trust in You.”Therefore, since we are surrounded by so great a cloud of witnesses…let us run with perseverance the race that is set before us, looking to Jesus the pioneer and perfecter of our faith, who for the joy that was set before him endured the cross… and is seated at the right hand of the throne of God. (Hebrews 12:1-2)Rev. Glenn Jones is the Vicar General of the Archdiocese of Santa Fe and former pastor of Immaculate Heart of Mary Catholic Church in Los Alamos.last_img read more

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first_imgPlay VideoPlayMuteCurrent Time 0:00/Duration Time 0:00Loaded: 0%0:00Progress: 0%0:00 Progress: 0%Stream TypeLIVERemaining Time -0:00 Playback Rate1ChaptersChaptersdescriptions off, selectedDescriptionssubtitles off, selectedSubtitlescaptions settings, opens captions settings dialogcaptions off, selectedCaptionsAudio TrackFullscreenThis is a modal window. The Video Cloud video was not found. Error Code: VIDEO_CLOUD_ERR_VIDEO_NOT_FOUND Session ID: 2020-09-19:feabfa232382bf6cfd6d074e Player ID: videojs-brightcove-player-499064-4126503663001 OK Close Modal DialogCaption Settings DialogBeginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsDefaultsDoneClose Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Video | UK’s Towns on reaching the Sweet 16last_img read more

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first_imgCeltic came from behind to beat Rosenborg 3-1 and grab the advantage in their Champions League qualifier.The Scottish champions fell behind when Birger Melin struck for the visitors, but two goals from Odsonne Edouard and a stunner from Olivier Ntcham turned the result on its head.With key players missing at both ends of the pitch, the Scottish champions struggled to replicate the display which saw them sweep aside Alashkert last time out during the opening stages.Rosenborg twice threatened an early opener before it eventually came on 15 minutes.  Callum McGregor nearly extended Celtic’s lead shortly after but the Scotland international’s curling effort crashed off the post and away to safety.With Celtic in full flow, Hansen was kept extremely busy. The Norwegian shot-stopper prevented first Scott Sinclair and then Kieran Tierney from doubling the home side’s advantage but he was unable to keep Edouard from bagging a second.The French attacker broke the offside trap before dinking the ball over Hansen to give Brendan Rodgers’ men breathing space ahead of their trip to Trondheim. Jack Hendry lost possession and ex-Arsenal attacker Nicklas Bendtner took full advantage by sliding a clever pass into the path of full back Meling, who lashed the ball past Craig Gordon into the net.Ntcham was brought down in the penalty box as the home side pressed for an immediate response, but Parkhead protests were waved away by referee Bart Vertenen.Parity would be restored before the interval, though, when the Hoops’ record signing Edouard kept his cool to control the ball and arrow a low shot past Andre Hansen.The turnaround was completed within moments of the restart as the impressive Ntcham scored a stunner from the edge of the box.last_img read more

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