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Inflation slowing investment in Denver-Boulder’s commercial real estate market

Published Tue, 05 Nov 2024 05:37:14 GMT

Investors have slowed putting capital into commercial real estate in the Denver-Boulder market during this fickle economic period, with the life sciences industry hit particularly hard, according to a new report by commercial real estate firm Cushman & Wakefield.Inflation is one of the key economic factors that has limited venture capital funding in the area, which has seen an 8% year-over-year drop. In turn, leasing in the life sciences industry plummeted in the first half of 2023 compared to last year, with only 170,000 square feet of leasing activity.For context, the area’s market consists of around 5.5 million square feet of life sciences inventory at an average rent of about $17 per square foot, Cushman & Wakefield’s report said.During the first half of the year, the Denver area saw only one life sciences industry sale: 389 Disc Drive in Longmont, bought by Boulder real estate investment firm Conscience Bay Company from Seagate Technology in June. Now, Seaga...

Wyatts Towing violated tax laws, company’s former CFO alleges in court filing

Published Tue, 05 Nov 2024 05:37:14 GMT

Wyatts Towing’s former chief financial officer says he made a whistleblower claim to the Colorado attorney general earlier this year, accusing his former company of violating tax laws.That revelation, which has not been publicized, came out during a legal squabble between Wyatts’ parent company, Towing Holdings, and former CFO Robert Plimpton over his retention of documents following his departure from the company. The towing giant sued Plimpton in April, saying he had stolen trade secrets in violation of his contract.Plimpton, in a court filing responding to the lawsuit, said he first relayed concerns to the company’s CEO, Trevor Forbes, regarding improper accounting and IRS violations related to booking personal expenses as business expenditures.After reporting the alleged unlawful conduct, Plimpton said Wyatts’ leadership retaliated by asking him to resign. So Plimpton, before his final day on the job, forwarded himself some 100 documents “for purpos...

Laguna Hills security guard's suspected shooter in custody, OCSD says

Published Tue, 05 Nov 2024 05:37:14 GMT

A Laguna Hills man has been arrested on a charge of attempted murder after he allegedly shot a neighborhood security guard multiple times on Tuesday.The guard, whose identity has not been released, was found by Orange County Sheriff's Department deputies at about 11 a.m. near Bridlewood Drive and Saddle Rock Place, the department said in a news release.He was sitting in his car in a residential area called Nellie Gail Ranch and had been shot multiple times in the chest. He was taken to a local hospital, where he remains in critical condition. Neighborhood security guard shot multiple times in Laguna Hills Investigators identified 32-year-old Matthew Luke Pickens as the suspected shooter, and he was taken into custody by deputies later Tuesday."After serving a search warrant, investigations seized multiple weapons found within Pickens’ residence and vehicle," the OCSD release said. "These weapons will be forensically analyzed to determine if they were used during the incident."As o...

12-year-old girl walking to school hospitalized in hit-and-run  

Published Tue, 05 Nov 2024 05:37:14 GMT

A 12-year-old girl was struck by a car while walking to school in Orange County, and now the search is on for the driver who failed to stop. According to police, the girl was struck around 8 a.m. Wednesday morning near McFadden Avenue and Gates Street in Santa Ana. The young girl was crossing McFadden when the car hit her and kept on going, authorities said.  She was rushed to a nearby hospital and is undergoing surgery, law enforcement officials told KTLA 5’s Orange County Bureau Chief Chip Yost.   4 young women killed in Malibu crash were Pepperdine students A photo of the car, a dark-colored newer model Honda sedan with possible front-end damage, has been released.The vehicle has a “low-rider” style build and has a black bumper, according to Santa Ana police. Police in Santa Ana are searching for a newer model dark-colored Honda sedan after it hit a young girl and failed to stop in Santa Ana, CA on Oct. 18, 2023. “Our Traffic Division believes that the...

Cursive handwriting to be taught in California schools

Published Tue, 05 Nov 2024 05:37:14 GMT

Children in first through sixth grade will now be required to learn cursive handwriting after Gov. Gavin Newsom signed Assembly Bill 446 into law on Oct. 13.The bill turned law was introduced by Assemblywoman Sharon Quirk-Silva, D-Fullerton, who was a former public elementary school teacher before entering politics, the Sacramento Bee reported.The new law will require teachers to implement some instruction regarding cursive handwriting from first through sixth grade instead of requiring educators to teach it during a specific grade, according to the law's text. New California law to limit how much landlords can charge for security deposits The law’s primary goal is to give students the ability to read and write in cursive, Assemblymember Quirk-Silva told the Sacramento Bee. She also pointed out that most historical records were written in cursive.“A lot of the historical documents going back two or three decades are actually in cursive,” Quirk-Silva said. “I went on 23andMe look...

United is about to completely change the way you board a plane

Published Tue, 05 Nov 2024 05:37:14 GMT

United Airlines will be completely changing the way passengers board a plane later this month. First-class and business-class passengers will still board the plane first as they do now, but then the changes start, according to an internal memo obtained Tuesday by WFLA. After certain groups (seen below), United passengers flying economy and assigned window seats will board first. This will cut down on the amount of times people already seated have to stand in the aisle to let another person sit down, according to the memo. The new boarding process, known as "WILMA," will begin for flights on Oct. 26, the airline said. WILMA stands for window-middle-aisle. All window seat passengers will board the plane first, followed by passengers with middle seats, and then passengers with aisle seats.The boarding groups will be as follows:Boarding GroupPre-boarding- Customers with disabilities and unaccompanied minors- Active-duty military- Global Services members- Families traveling with children...

Woman Dies in Two-Vehicle Crash on Interstate 680 [Fremont, CA]

Published Tue, 05 Nov 2024 05:37:14 GMT

Traffic Collision Near Auto Mall Parkway Offramp Left One FatalityFREMONT, CA (October 18, 2023) – Early Saturday morning, a two-vehicle crash on Interstate 680 claimed the life of a female passenger.The fatal collision happened around 1:15 a.m. along the southbound Interstate Highway 680 near the Auto Mall Parkway off-ramp.According to the CHP, a gray Dodge Ram going the wrong way in the left lane of the highway collided with a BMW 330i.Consequently, the Dodge overturned, causing it to catch in flames. Responding medical personnel transported the sole occupants of the Dodge to a hospital for treatment of significant injuries.Paramedics also transported the BMW driver to San Jose Regional Medical Center for unspecified injuries.Unfortunately, the female passenger of the BMW sustained fatal injuries and died at the scene. Authorities only identified the deceased victim as a woman in her mid-20s.In the end, officials closed down the southbound traffic lanes of Interstate 680 for...

Talks Between Hollywood Actors And Studios Fall Apart

Published Tue, 05 Nov 2024 05:37:14 GMT

After multiple days of negotiations between representatives of Hollywood actors and studios, the production companies walked away from the bargaining table. The Alliance of Motion Picture and Television Producers (AMPTP), which represents several major studios such as Disney, Amazon, Netflix and NBC Universal, pulled back after the Screen Actors Guild (SAG-AFTRA) called for a “levy” on streaming services. The request would allegedly cost the companies upward of $800 million per year.SAG-AFTRA President Fran Drescher said their ask was not “outrageous,” and she was “shocked” by the AMPTP response.“We’re not asking for the moon,” SAG-AFTRA said in an online post. “Just a fair deal that respects our craft and livelihood. It’s time we get what is rightfully ours!” View this post on InstagramA post shared by SAG-AFTRA (@sagaftra) While Hollywood Writers ended their strike last week, ratifying a new contract with the AMPTP, the actors continue their rallies that began July 15.“From coast...

Arrest Made in Chinatown Boutique Robbery

Published Tue, 05 Nov 2024 05:37:14 GMT

A suspect was arrested on Oct. 13 for a violent September boutique robbery in Chinatown.Courtland Thornton, 31, was allegedly caught on surveillance video in a struggle with an employee of Angie’s Boutique in N. Broadway before reaching over the front counter, taking property and punching her in the face.It is reported that the woman has since recovered from her injuries.The suspect was found in Hawthorne and taken into custody by the LAPD Gang and Narcotics Division. The suspect attempted to flee the home through the backyard, but was apprehended by police without incident, according to LAPD.Thornton is being held on $80,000 bail.                                         Advertising disclosure: We may receive compensation for some of the links in our stories. Thank you for supporti...

Woman Declared Dead after Pedestrian Crash on East Main Street [El Cajon, CA]

Published Tue, 05 Nov 2024 05:37:14 GMT

Roanoke Road Pedestrian Accident Kills 28-Year-Old WomanEL CAJON, CA (October 18, 2023) – Early Monday morning, a pedestrian crash on East Main Street claimed the life of a woman.The fatal collision happened around 6:21 a.m. at the intersection of East Main Street and Roanoke Road.According to the police, a 2016 black Kia Soul hit a woman walking in the intersection.The first responders immediately transported the female victim to a hospital where she succumbed to her injuries. Authorities only identified the deceased woman as a 28-year-old woman.Meanwhile, the driver of the Kia Soul stayed at the site of the incident and cooperated with the investigators. Police do not suspect alcohol and drugs to be a factor in the incident.Moreover, both directions of the roadway were temporarily shut down to allow for cleanup and preliminary duties.El Cajon Officials are asking anyone with additional information about the fatal East Main Street pedestrian crash to contact (619) 579-3311.In...