Dallas company plans $13M upgrade to building home to Baker Donelson
Downtown office building 211 Commerce has sold for an undisclosed sum and will be given a $13 million update.
The new owner is Dallas-based Velocis, a private equity real estate manager. According to a release, Lincoln Property Company, also based in Dallas, is a joint venture partner in the deal. Lincoln will provide property management, leasing and construction management services.
The seller was Sun Life Assurance Company of Canada, a related entity of which paid $47.13 million for the building in March 2012. Thursday s release does not include a transaction price, and the Davidson County Register of Deeds had not recorded the deal at publication time.
Clarity on the Enforcement of Settlements
In
3113736 Canada Ltd. v Cozy Corner Bedding Inc., the
Ontario Court of Appeal provided an answer about whether a class
member is bound by a class action release even if the party did not
receive notice of the class action, the settlement which contained
the release, or the right to opt-out. The Court held that while
notice to class members must be adequate, the lack of actual notice
to any particular class member does not prevent the class from
being bound where sufficient steps have been taken to provide
adequate notice.
This case involved a manufacturer and supplier of foam products,
Looking Forward: Class Actions in 2021
Clarity on the Enforcement of Settlements
In
3113736 Canada Ltd. v Cozy Corner Bedding Inc., the Ontario Court of Appeal provided an answer about whether a class member is bound by a class action release even if the party did not receive notice of the class action, the settlement which contained the release, or the right to opt-out. The Court held that while notice to class members must be adequate, the lack of actual notice to any particular class member does not prevent the class from being bound where sufficient steps have been taken to provide adequate notice.
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MINNEAPOLIS, Jan. 21, 2021 /PRNewswire/ Castlelake, L.P., a global private investment firm and experienced leader in aircraft leasing and servicing, recently priced its seventh structured ABS financing, Castlelake Aircraft Structured Trust 2021-1 (CLAS 2021-1), which is the first such transaction to be completed since the beginning of the global COVID-19 pandemic. We were very pleased by the robust investor interest in this transaction, which we believe speaks to our strong servicing track record and deep expertise in the aircraft leasing sector, said Evan Carruthers, Managing Partner and Co-Founder of Castlelake. Investors will benefit from the structural improvements we have made compared to prior vehicles, which are designed to enable this transaction to deliver sustainable, attractive returns in a range of market conditions. In addition, we believe that reopening the aircraft ABS market with this deal will have a positive impact on th
He discovered The String Bean Dance
By Karen Zach, Around the County Thursday, January 14, 2021 4:00 AM Caster Eugene Wilson • • • Caster Eugene Wilson, one of Crawfordsville’s own spent the majority of his life right here in our fair city before beginning his wintering in Boynton Beach, Florida in about 1965.
His WWII Draft card description described him to perfection, 5’10”, 145 pounds, blue eyes, brown hair with light complexion – that he was; however, they forgot to add – one heck of a great guy!
Proof of that was reflected in a couple of comments on Facebook, one from Gay Caster Fischer who said the Wilsons were their next door neighbors for 18 years and the five Caster children got very excited to see the Wilson’s return home from Florida. Gay told that she decided she wanted to wear glasses but at her exam discovered that she didn’t need them a