Apartment Investment and Management Company (AIV), better known as Aimco, reported third-quarter 2016 pro forma FFO per share of 55 cents, missing the Zacks Consensus Estimate by a penny.
Essex Property Trust Inc. (ESS) reported third-quarter 2016 core funds from operations of $2.81 per share, beating the Zacks Consensus Estimate of $2.76.
REITs that are slated to report their results on Monday, Oct 31 are GGP, VNO, ARE, OHI and CONE.
Public Storage's (PSA) third-quarter 2016 FFO per share of $2.51 came in line with the Zacks Consensus Estimate. The company also announced an 11% hike in its quarterly dividend.
Duke Realty Corp.'s (DRE) third-quarter 2016 core FFO per share of 31 cents came a penny above the Zacks Consensus Estimate and was up 2 cents from that of prior-year quarter tally.
Vornado Realty Trust (VNO) is expected to report third-quarter 2016 results on Oct 31, after the market closes.
Miriam Illions Miriam Illions is the Co-founder and CMO of Hometalk. Since its launch in 2011, Miriam has grown the site from the ground up to 21 million monthly visits, while cultivating Hometalk's community, positioning it among the highest engaged home and garden social channels on the web. Before Hometalk, Miriam worked as Director of Human Resources for Hometalk's sister company, Networx Systems, LLC., where she single handedly opened its Atlanta office, now boasting over 70 employees. How has your life experience made you the leader you are today? I grew up in a religious environment at home and in school that required a disciplined following of established codes of conduct and behavior. That created in me a foundation of doing "the right thing." As my self-awareness and dedication to leadership grew, I experienced a personal transformation and found a softer and more empowering approach with myself and others. I utilize the discipline I grew up with to apply this approach both personally and professionally to help access true potential and to create an environment that allows people to flexibly grow and give their best. How has your previous employment experience aided your tenure at Hometalk? One particular experience, where I traveled from Israel to Atlanta alone and opened a fully operational new office in six weeks, which seemed almost impossible, taught me how to break out of my comfort zone and not allow my perceived limitations to dictate what I can and cannot do. As a startup, every milestone brings with it a new challenge, but that prior experience helped me have confidence in my own capabilities, even when I don't always see an immediate solution or when something seems impossible. What have the highlights and challenges been during your tenure at Hometalk? The early days at Hometalk were challenging, as we struggled to crack the formula of why and how people would be compelled to share DIY projects and answer questions on Hometalk. A major highlight was hitting one hundred thousand tutorials on the site earlier this year (we sure cracked the code!) and a more recent milestone of one billion tutorial views! Having a positive influence and impact on the lives of millions of people on a monthly basis is the most incredible thing in the world. It's especially pronounced when we receive emails from people letting us know Hometalk enabled them to accomplish something they always wanted to do in their home, or when a Hometalker posts an amazing DIY project that was inspired by another Hometalker. What advice can you offer to women who want a career in your industry? Believe in yourself and don't let fear hold you back. One of my favorite sayings is feel the fear and do it anyway. What is the most important lesson you've learned in your career to date? I've learned to take ownership over my circumstances to affect change. It's very easy to blame external factors when something isn't "working," but doing so hinders positive change and growth. How do you maintain a work/life balance? I haven't fully cracked that code yet, but prioritizing non-work activities has helped me achieve a better balance. I make a conscious effort to unplug and be fully present when I'm not working, and try not to get preoccupied with work worries. It's refreshing and empowering, and I return to work feeling sharper and more energized. What do you think is the biggest issue for women in the workplace? I feel very fortunate to work in a company where I don't experience issues as a woman in the workplace. In speaking with others with experiences unlike my own, I realize how fortunate I am and find it appalling that any woman shouldn't be recognized as an equal in all regards for her ideas, skills, and contributions to the organization she works for. How has mentorship made a difference in your professional and personal life? I would not be where I am today without the support and guidance of key people in my life throughout my journey. I read Energy Leadership by Bruce D. Schneider a couple of years ago, which focuses on transforming your workplace and life from the core. I was lucky to find an amazing Energy Leadership coach and have been able to experience the transformation firsthand. Which other female leaders do you admire and why? I admire female leaders with strong inner confidence who use their strengths to help and empower others. My Aunt, Wendy Silverstein, was the Executive Vice President and Co-Head of Acquisitions and Capital Markets at Vornado Realty Trust. She lost her husband at a young age and rose to become the top female executive at Vornado, while raising two children. I am proud to be her niece and she has influenced my own career path in many positive ways. Louise Hay is also a role model to me for the way she helps so many people tap into their creative powers and true potential for personal growth and self-healing. What do you want Hometalk to accomplish in the next year? As the world's largest DIY platform and community, Hometalk is changing the way people improve their homes, by empowering and inspiring them to DIY. As we continue our explosive growth, and with the Hometalk community as the driving force, we're excited to continue building out our platform to provide more value to Hometalkers and become the end to end destination for all their DIY needs. -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.
We have updated our research report on Vornado Realty Trust (VNO) on Sep 23, 2016.
Vornado, with high-quality office assets and diverse tenant base, is poised for long-term growth, though earnings-dilutive effects of dispositions and intense competition remain concerns.
The Zacks Analyst Blog Highlights: Communications Sales & Leasing, Care Capital Properties, Community Healthcare Trust, Prologis and Vornado Realty Trust
The Zacks Analyst Blog Highlights: Communications Sales & Leasing, Care Capital Properties, Community Healthcare Trust, Prologis and Vornado Realty Trust
Though the current reporting cycle is drawing to a close, results are still pouring in from the REIT industry, with Care Capital Properties, Inc. (CCP) and others slated to release their quarterly figures on Aug 11.
They’re also all men.
Trump tries to TURN THE PAGE -- Great NYT on Khans’ life -- GERRY BAKER’s ‘oddly truncated’ memo – SARAH PALIN selling AZ house -- WEEKEND READS -- B’DAY: David Maraniss
Good Saturday morning! Jake is filing from Stamford, Connecticut, where we’re hoping the rain holds off today. Daniel and Anna are in Washington.Donald Trump lost the Wisconsin primary a few months ago. Paul Ryan has been elected for nearly two decades in Wisconsin, and is expected to clear his primary challenge next week en route to his 10th term in office. Ryan is wildly popular in the Badger State, and is the speaker of the House. So it’s no surprise that Trump’s ambivalence toward endorsing Ryan was not exactly a sustainable position. Surprising few, Trump endorsed Ryan last night in Green Bay -- Ryan was not present.--WSJ: “‘In our shared mission to make America great again, I support and endorse our speaker of the House, Paul Ryan,’ Mr. Trump [said] in Green Bay. ‘Working hand in hand, we will work to grow our majority in the House and Senate.’”**SUBSCRIBE to Playbook: http://politi.co/1M75UbX REID J. EPSTEIN, the pride of Peoria who worked for the Milwaukee Journal Sentinel, notes a great detail in the Wall Street Journal: “Reading from notes, which he rarely does during his campaign speeches, Mr. Trump cited the need for Republican unity. It came after all three lawmakers criticized the presidential nominee over his attacks on the parents of a slain U.S. soldier. ‘We will have disagreements, but we will disagree as friends and never stop working together toward victory and importantly, toward real change,’ he said.” http://on.wsj.com/2b17B0k--“Donald Trump now says even legal immigrants are a security threat,” by Jenna Johnson in the Washington Post: “First Donald Trump said that he wanted to block nearly all foreign Muslims from entering the United States. More recently, he decided to stop using the word ‘Muslim’ as he called for halting immigration from countries with high rates of terrorism, although he has yet to say which countries that would include.“At a rally in Portland, Maine, on Thursday afternoon, Trump provided a lengthy explanation of why he thinks the United States needs to be skeptical of immigrants from many countries, even if they follow the legal process. Reading from notes, Trump listed nearly a dozen examples of immigrants, refugees or students who came to the United States legally -- often applying for and receiving citizenship -- and then plotted to kill Americans, sometimes successfully doing so. The countries that he referenced in these examples: Somalia, Morocco, Uzbekistan (he asked the crowd where it was located), Syria, Afghanistan, the Philippines, Iraq, Pakistan and Yemen (which he pronounced ‘yay-men’). Trump’s staff has yet to confirm if there are countries from which the nominee wants to limit immigration. ‘We’re letting people come in from terrorist nations that shouldn’t be allowed because you can’t vet them,’ Trump said. ‘There’s no way of vetting them. You have no idea who they are. This could be the great Trojan horse of all time.’” http://wapo.st/2aQcE0N--TEXT last night from Trump campaign to supporters: “ALERT: Donald Trump endorses Speaker Paul Ryan. Party unity will help Make America Great Again. United, we will stop Crooked Hillary and the Obama 3rd term.”TRUMP TOWER BRAIN DUMP: “Trump campaign feeling good today after another excellent day on the road with Mr. Trump yesterday (Ryan/McCain/Ayotte endorsement, continuing the pressure over the $400 million cash Iran ransom deal, great crowds, high energy) as compared to Hillary Clinton’s disastrous ‘half’ press conference that rehashed all her vulnerabilities on both the national security email scandal and her robot like nature on the campaign trail (with a special ‘80’s shout out to Michael Keaton and ‘Short Circuit’).”--Trump video on Clinton’s emails: http://bit.ly/2apwHFj--By endorsing Ryan, John McCain and Kelly Ayotte -- and giving a high-profile economic speech Monday -- Trump is trying to shift the conversation and find stable footing after a rough few weeks.BROOKLYN BRAIN DUMP -- “In the 10 days since the convention, Hillary Clinton and Tim Kaine have been laser-focused on talking about good paying jobs, raising wages and strengthening the economy, and highlighting all the ways Trump fails those tests. Sure enough, the latest polls show voters increasingly confident in because he was focused on creating the scandal-of-the-hour, so he's now been forced to schedule a Monday speech in Detroit to try and reclaim standing on what was supposed to be the one sure-fire issue for him in this campaign - the economy.”HAPPENING TODAY: Trump is holding a rally in Windham, New Hampshire.TOP STORY -- The NYT’s Sonny Kleinfeld, who last year got attention for a great story called “The Lonely Death of George Bell,” (http://nyti.ms/2aptHbU) is the lead byline on the MUST READ this morning.--“Moment in Convention Glare Shakes Up Khans’ American Life,” by Kleinfeld, Richard A. Oppel Jr. and Melissa Eddy: “Six minutes and one second. That was all it took for the 66 years of Khizr Khan’s life to become an American moment. It was not something that he could have anticipated. For years, he and his wife, Ghazala, had lived a rather quiet existence of common obscurity in Charlottesville, Va. He was known in circles that dealt with electronic discovery in legal proceedings. Another overlapping sphere was the rotating cast of cadets that passed through the Army R.O.T.C. program at the University of Virginia. His wife was a welcoming face to the customers of a local fabric store. And the last dozen years for the Khans were darkened by their heartbreak over the death of a military son, Humayun, whose body lies in Arlington National Cemetery, his tombstone adorned with an Islamic crescent. Their grief brought them closer to a university and to a young woman in Germany whom their son loved. It also gave them a conviction and expanded the borders of their lives.” http://nyti.ms/2aHKxi4(lower right-hand side of A1).SINCE IT’S SATURDAY -- read Jake’s favorite feature in newspapering. “Lunch with the FT,” today with novelist Teju Cole. “At a Harlem hotspot [Red Rooster], the writer and critic talks about racial tensions, American exceptionalism and social media.” http://bit.ly/2b3ejjcOLYMPICS OPENER -- “Rio delivers a simple, but spirited, Olympic welcome,” by AP’s Mauricio Savarese and John Leicester in Rio: “With a limited budget, the consequence of a biting recession that roiled preparations for South America's first Olympics, Brazil laced its high-energy opening party for the games of the 31st Olympiad with a sobering message of the dangers of global warming. Graphic projections of world cities being swamped by rising seas set Rio de Janeiro’s otherwise fun and festive gala apart from the more self-congratulatory and lavish celebrations that Beijing and London wowed with in 2008 and 2012.” http://apne.ws/2aIXEji-- “Even on NBC, Rio’s Colors Can’t Be Airbrushed Out,” by NYT’s Mike Hale: http://nyti.ms/2aG9cGYJASON HOROWITZ in the Times, “For Anne Holton, Tim Kaine’s Wife, Elite Circles Are Old Turf”: “The daughter of a governor who grew up to marry a man who became governor, senator and now vice-presidential nominee, Ms. Holton has lived since childhood in a world of politics and power. But relatives and friends describe her as being uncommonly unimpressed by the trappings of privilege and instead driven by an almost religious sense of fairness, an aversion to idleness and a family-bred commitment to service that has helped elevate her into one-half of Virginia’s most famous power couple.“As a child, Ms. Holton, 58, had a symbolic role in helping integrate Virginia’s public schools before graduating from Princeton and meeting Mr. Kaine at Harvard Law School. As he rose up Virginia’s political ladder, she achieved renown in her own right as a legal aid lawyer, family court judge and Virginia’s secretary of education, a job she resigned once her husband was chosen as Hillary Clinton’s running mate.” With a Dwight Holton cameo http://nyti.ms/2aB8YmNWHAT DAVID BROOKS AND ERIC CANTOR ARE READING -- NYT A1, “As Trump Rises, ‘Reformocons’ See Chance to Update G.O.P.’s Economic Views,” by Jackie Calmes: “By riding his appeal among working-class whites to the top of the Republican Party, Donald J. Trump has emboldened conservative thinkers to press their party of business and the privileged to reshape its economic canon to more directly benefit poorer workers it has often taken for granted.” With cameos by Reihan Salam, Henry Olsen, Michael Needham, Oren Cass, Grover Norquist http://nyti.ms/2aHldchINSIDE THE CAMPAIGNS – Five Thirty Eight’s Clare Malone: Matt Braynard, the former leader of Trump’s data team, “helped the campaign start virtually from scratch ... setting up contracts with NationBuilder ... and the political data firm L2 and engaging a data-entry firm to help log the contact information that was piling up in paper form from Trump’s many rallies and field offices. ... Running Trump Tech became a sprawling, demanding job. Braynard said he would order the narcolepsy drug Modafinil and go on ‘five-day benders’ without sleep. ‘Corey’s slogan was “do your job,”’ he said of former Trump campaign manager Corey Lewandowski. ‘The challenge was I was never really sure what my job was, and it just seemed to keep expanding.’” http://53eig.ht/2astT5V2016 PLAYERS – “Trump unveils all-male economic advisory team,” by Nick Gass: “Names on the list ... include Steve Roth, the founder and chairman of Vornado Realty Trust; oil and gas tycoon Harold Hamm; Vector Group President and CEO Howard Lorber; Steven Mnuchin, Trump’s national finance director and chairman/CEO of Dune Capital; top fundraiser Tom Barrack, the founder and executive chairman at Colony Capital; Stephen M. Calk, chairman and CEO of The Federal Savings Bank; John Paulson, president and CEO of investment firm Paulson & Co.; Andy Beal, a banker, businessman and poker player; and Steve Feinberg, co-founder and CEO of Cerberus Capital Management. Trump advisers David Malpass, Peter Navarro, Stephen Moore and Dan DiMicco are also on the list, led by Stephen Miller, the national policy director, and deputy policy director Dan Kowalski.” http://politi.co/2b1z9iR … Bloomberg TV interview yesterday with Stephen Moore http://bloom.bg/2b2wTtPPLAYBOOK IN-BOX from Emily’s List: “Five Steves. Zero Women.”DATA DU JOUR -- “Obama’s favorite jobs stat died in the July jobs report,” by Dan Diamond: “The Bureau of Labor Statistics on Friday issued its latest monthly jobs report, which included revisions to earlier reports. As a result, the U.S. private sector is now credited with a net loss of 1,000 jobs in May 2016 — officially the first month since February 2010 that the private sector didn’t gain jobs. Obama had repeatedly touted the streak, which ended at 74 months. … The current streak is over because of a statistical fluke: Nearly 40,000 striking Verizon workers were temporarily counted as lost jobs in May.” http://politi.co/2aCzlc2AIR WARS -- “Trump in a slump: Not only is he sinking rapidly in the polls — he’s losing by a larger margin than the past two Republican also-rans,” by Steven Shepard and Nick Gass: “Top Democrats gawked at polls this week showing her with slight advantages in Arizona and Georgia, even though neither state has voted Democratic since Bill Clinton was president. There are already signs Trump is poised to respond. Though he has yet to air any television ads in the general election, the real-estate tycoon’s campaign this week requested rates in 17 different states — a roster that includes the traditional swing states, but also reliably red states like Arizona, Georgia, Indiana and Missouri …“The Clinton campaign doesn’t need Arizona to win, and it isn’t yet advertising there … But not only was Arizona one of the states where the Trump campaign requested ad rates, it’s one of the five states where Trump has expressed interest in hitting the airwaves prior to the final two months of the campaign. The other four are more traditional swing states: Colorado, North Carolina, Ohio and Pennsylvania.” http://politi.co/2apCoTpPLAYBOOK METRO SECTION -- YOWZA -- “Fairfax City mayor arrested in connection with alleged meth-for-sex scheme,” by WashPost’s Dana Hedgpeth, Justin Jouvenal and Antonio Olivo: “Richard ‘Scott’ Silverthorne, 50, was arrested as part of an undercover sting by police ... Before his arrest Thursday, police claim Silverthorne provided the drug to undercover detectives at the Crowne Plaza Hotel in Tysons Corner. Police began their investigation in late July after an unidentified citizen provided a tip about Silverthorne.” http://wapo.st/2aLHaar--WEST COAST READ with a dynamite lead: “The Coliseum case is the latest embarrassment for D.A.’s corruption unit,” by the LA Times’ Paul Pringle and Rong-Gong Lin II: “The alleged bribes and kickbacks that prosecutors said flowed like honey between government officials at the Los Angeles Memorial Coliseum and people who did business at the venerable stadium exceeded $2 million — cash that belonged to the taxpayers. Some of the money was funneled in regular installments through a Miami bank account, a detail redolent of a film noir script. A grand jury returned a sweeping list of felony charges. Named in the indictments were three managers at the publicly owned Coliseum, two prominent promoters of rave concerts at the venue and a janitorial contractor who quickly became a fugitive. All were facing long prison stretches if convicted.” http://lat.ms/2aChaAqCLICKER – “The nation’s cartoonists on the week in politics,” edited by Matt Wuerker -- 10 funnies http://politi.co/2azhxueMEDIAWATCH – “In a vulgar election, news organizations green-light profanity,” by Poynter’s Kristen Hare: “As Election Day approaches, Donald Trump’s candidacy has prompted editors to OK the use of words normally left out of campaign coverage, including several instances in the past week. At The New York Times, The Washington Post and on-air at CNN, coverage and analysis this week included profanities from Donald Trump supporters and pundit Fareed Zakaria. And, although it didn’t mention Trump specifically, The Wall Street Journal announced this week an ‘evolving approach’ toward profanity.” http://bit.ly/2aZun7TMILESTONE -- “Stop press: Last two journalists leave London's Fleet Street,” by Reuters’ Michael Holden: “Known as the ‘Street of Shame’, Fleet Street once housed thousands of reporters, editors and printers working for the country’s biggest national papers as well as international and provincial publications. While the British press is still collectively known as ‘Fleet Street’, from Friday there will no longer be any working journalists there after the Scottish-based Sunday Post newspaper closed its London operation. ... The thoroughfare became synonymous with publishing from 1500 when Wynkyn de Worde established a printing press. The first daily newspaper, the Daily Courant, launched in 1702.” http://yhoo.it/2b92qYcFUTURE OF MEDIA – “The Founder of The Information on What Media Companies Are Doing Wrong,” by Fortune’s Mathew Ingram: “Unlike BuzzFeed or the New York Times ... The Information’s audience is measured in the single-digit thousands. But [founder Jessica] Lessin said ... that her company has proven there is a profitable business to be built even at that scale, and she is busy expanding its reach into new markets. ... The Information carries no ads and likely won’t for the foreseeable future ... The site does events, but they are small networking events for subscribers, not money-generating efforts.” http://for.tn/2aolR25SPORTS BLINK -- DAN SHAUGHNESSY in the BOSTON GLOBE: “In long-awaited comments, Tom Brady speaks softly”: Tom Brady speaks! Stop the presses. Freeze Twitter. Close the New York Stock Exchange for 10 minutes. Interrupt all Trump coverage. Brady ended his six-month silence Friday morning at Patriots practice when he took eight questions from the local football media for approximately five minutes. It was a shoutdown frenzy, and Tom found it easier to answer ‘How much did you rely on your family to get through the whole ordeal?’’ than ‘Why did you drop the appeal when you did?’’’ http://bit.ly/2aBhtbkGREAT WEEKEND READS, curated by Daniel Lippman:--“A blind eye to sex abuse: How USA Gymnastics failed to report cases,” by Indy Star’s Marisa Kwiatkowski, Mark Alesia and Tim Evans: “The prominent Olympic organization failed to alert authorities to many allegations of sexual abuse by coaches.” http://indy.st/2arBfX1--“The Isolationist Temptation,” by Richard Haass on the cover of WSJ’s Review: “With the rise of Trump and Sanders, the U.S. foreign-policy debate is now about whether to engage at all with the wider world.” http://on.wsj.com/2b1NOuu--“How the DNA Revolution Is Changing Us,” by Michael Specter on the cover of August’s National Geographic: “The ability to quickly alter the code of life has given us unprecedented power over the natural world. Should we use it?” http://on.natgeo.com/2aGsxoB ... The cover http://bit.ly/2aOIbQO--“How to Hack an Election in 7 Minutes,” by Ben Wofford on Politico Magazine’s Friday Cover: “With Russia already meddling in 2016, a ragtag group of obsessive tech experts is warning that stealing the ultimate prize—victory on Nov. 8—would be child's play.” http://politi.co/2arnGHk--“The Tragedy of Humayun Khan,” by Michael Hirsh in Politico: “The commander who served with the late son of the most famous Gold Star parents in America broke down at his memorial service in Iraq. Those who served with Captain Khan understand why.” http://politi.co/2aOMMT9 ... 21 exclusive pix by Scott Mahaskey, who was there http://politi.co/2amZg6e--“How a Secretive Branch of ISIS Built a Global Network of Killers,” by NYT’s Rukmini Callimachi in Bremen, Germany: “A jailhouse interview with a German man who joined the Islamic State reveals the workings of a unit whose lieutenants are empowered to plan attacks around the world.” http://nyti.ms/2b8gLo5--“‘I Have No Choice but to Keep Looking,’” by Jennifer Percy in tomorrow’s N.Y. Times Magazine: “Five years after the tsunami that killed tens of thousands in Japan, a husband still searches the sea for his wife, joined by a father hoping to find his daughter.” http://nyti.ms/2aYSxR5 (h/t Longreads.com)--“Newshound,” by Calvin Trillin in the Sept. 29, 2003 New Yorker: “The triumphs, travels, and movable feasts of R. W. Apple, Jr.” http://bit.ly/2aNZ51Y--“The Drugs Won: The Case for Ending The Sports War on Doping,” by Patrick Hruby in Vice: “If athletes break criminal laws, then let them face the consequences; otherwise, let them decide what’s best for their bodies.” http://bit.ly/2aTR6Bw--“Was the Rise of Neoliberalism the Root Cause of Extreme Inequality?” by George Monbiot in Evonomics: “Financial meltdown, environmental disaster and even the rise of Donald Trump – neoliberalism has played its part in them all.” http://bit.ly/2aDEMoL (h/t TheBrowser.com)--“The Definitive Oral History of the Lobster Roll,” by Brian Kevin in Down East Magazine: “How did a humble hot dog bun crammed with the simplest of ingredients manage to attain rockstar status in the food world? We talked to the seafood slingers, chefs, glossy food-mag writers, and entrepreneurs who helped turn the unassuming lobster roll into a national phenomenon.” http://bit.ly/2aTRdNL (h/t Longform.org)--“The super-recognisers of Scotland Yard,” by Xan Rice in The New Statesman: “How an elite police unit is catching some of London’s most prolific criminals.” http://bit.ly/2aDDRo7--“Trump’s Los Angeles Money Man,” by Matt Tinoco in Politico: “Garish faux-Italian buildings. A trail of lawsuits and annoyed neighbors. Sound familiar?” http://politi.co/2b8et8i--“‘Our worst nightmare’: Heroism, devastation and the story of how 1 man killed 5 Dallas cops,” by Jennifer Emily in Dallas Morning News: “This is what we know so far about what Dallas endured. The fear, the pain, the loss. The despair. And, amid the terror, the astonishing acts of bravery.” http://bit.ly/2aGoNU0DOH! -- Gerry Baker, the managing editor of the Wall Street Journal, sent out a memo Friday confirming our scoop that Paul Beckett would be D.C. bureau chief. But he forgot all of Beckett’s biographical details! He sent out a second memo, saying, “My earlier announcement of our new bureau chief in Washington was oddly truncated. This was not intended as some kind of subliminal message about the importance of good editing but was an unfortunate error. Here is the news in full, with apologies to Paul (and his family).” The full memo http://bit.ly/2aClEXTWHITE HOUSE WEEK AHEAD: “On Saturday, the First Family will travel to Martha’s Vineyard, Massachusetts. The departure from the South Lawn and arrival to the Cape Cod Coast Guard Air Station are open press. Following the arrival at the Cape Cod Coast Guard Air Station, the First Family will travel via Marine One to Martha’s Vineyard. There will be travel pool coverage of the arrival on Martha’s Vineyard. The First Family will remain on Martha’s Vineyard through Sunday, August 21 and have no public events scheduled. On Sunday, August 21, the First Family will depart Martha’s Vineyard and return to Washington, DC. The departure from Cape Cod Coast Guard Air Station and the arrival on the South Lawn are open press.”SPOTTED: George Lucas laughing and chatting last night with Samuel L Jackson in the lobby of The Four Seasons in Georgetown, where they were asked for selfies by wealthy fans from the Middle East … Salma Hayek last night was at a fundraiser at Hillary Clinton’s D.C. house, where halibut and blackberry cobbler was served … Stevie Wonder yesterday outside Target in Columbia Heights with about 50 people taking his picture while he patiently let them with that awesome smile of his, then got on elevator.SEND YOUR SPOTTINGS to [email protected] PLAYBOOKERS -- “Sarah Palin Finds a Buyer for Her $2.375M Arizona Retreat: Views of Russia Not Included,” by Redfin’s Alanna Finn: “The gated estate sits on more than four acres of land and includes equestrian facilities, a basketball court, putting green, pool and an outdoor entertaining area with a built-in grill. Inside, there are Jacuzzi bathtubs, chef’s appliances in the kitchen, gorgeous fireplaces, a wine cellar, media room and rooftop deck complete with stunning mountain views. Palin purchased the home back in 2011 for $1.7 million, so she stands to make some money from the deal if it sells for anything near the current listing price of $2.375 million.” With 9 pix http://redf.in/2aCxl3h--DONNA BRAZILE on Medium, “Celebrating 51 Years of the Voting Rights Act”: “51 years ago today President Lyndon Johnson signed the Voting Rights Act into law. ... It was a profound victory for families like mine—for the working poor and for those living on the outskirts of hope. ... [I]n the wake of the 2013 Supreme Court ruling in Shelby v. Holder, which weakened the power of the Voting Rights Act, Republican-led state legislatures have passed a spate of restrictive election laws that make it harder to vote … By rolling back early voting, eliminating same-day registration, implementing photo ID laws, limiting provisional ballots, and so forth, the GOP has systematically targeted women, communities of color, working families, students, first-generation Americans, and the elderly—all people who are less likely to support Republican candidates on Election Day.” http://bit.ly/2aC9eiBCOVERING THE COVERAGE – Fox News’ 2016 plans: John Roberts and Carl Cameron are covering Trump/Pence. Jennifer Griffin and Mike Emanuel are covering Clinton/Kaine. “Political coverage is also supplemented by our FNC bureaus across the country.” ... CBS News: John Dickerson is political director and host of “Face the Nation” ... Major Garrett: Trump and Republicans ... Nancy Cordes: Clinton and Democrats ... Julianna Goldman: campaign investigative reporter ... Steve Chaggaris: senior political editor ... Sopan Deb: Trump ... Alan He: Pence ... Hannah Fraser-Chanpong: Clinton ... Erica Brown: Kaine ... Jacqueline Alemany, Kylie Atwood, and Sean Gallitz: battleground statesENGAGED -- Nicole Haber, a VP at Glover Park Group in New York and a Hillary Clinton and Steve Israel alum, to Matt Stein, a lawyer for the City of New York, on the Upper West Side. During a walk Thursday in Central Park, Matt told Nicole he got her a present, and handed her what looked like a wrapped book. When Nicole unwrapped the book, inside was a journal -- Nicole’s favorite -- that said “will you marry me?”SPOILER ALERT: she said yes. Pic http://bit.ly/2b93QSLBIRTHWEEK (was yesterday): Tyler Williams, the pride of Dayton, Ohio, celebrating with Chad Harlan, watching the ponies, in Saratoga Springs, New York … Matt Anderson, Obama Treasury alum and NYDFS spokesman ... (was Thurs.): Pete BrodnitzBIRTHDAYS: Malika Saada Saar, the founder and executive director of the Rebecca Project for Human Rights (hat tip: Autumn) ... Neil Irwin, senior economic correspondent at NYT’s The Upshot (h/t Bill McQuillen) ... David Maraniss, the pride of Madison, Wis., is 67 ... Jared Wise (h/t Deckard) … J.T. Rethmeier is 12, celebrating with an intense game of laser tag at The Summit in Loveland, Colo. (h/t Dad, Blain) ... Hewlett Packard Enterprise’s Tom Brandt, pride of Kansas City and former comms director for GOP Vice Chair Lynn Jenkins, is 3-0 (h/t Bethany Aronhalt) ... Erin Karriker, design strategist at Maga Design and a Hill alum .... Corey Jacobson, senior policy adviser for Rep. Ted Lieu (D-Calif.), celebrating by tubing with friends down the Shenandoah (h/t Katie Glueck) ... Ally Freeman ... Jill Farrell, director of public affairs at Judicial Watch ... Jonathan Riskind, director of public affairs for American Council on Education ... Anna Sekulow of the American Center for Law and Justice ... “NewsHour” senior broadcast producer Mike Melia is 36 (h/t Nick Massella) ... Michael McMahan, VP of corporate planning and development at the Bush Center ... Politico’s Dan Diamond and Sergio Bustos ... Michael R. Glennon, senior associate at Marakon and a Hotchkiss grad, is 3-0 ... Lyndsey Wajert, program director of the International Center for Journalists (h/t Miranda Green) ... Pat Reap of Bloomberg ... Scott Ogden ... Ashley Carter, grassroots director of Independent Women’s Forum ... Lindsay Bembenek, a Cheesehead and Google Public Policy Fellow at AEI ... Terry McDermott, lead singer of Lotus Crush, but probably best known as runner up in Season 3 of The Voice (Team Blake) and a closet political junkie, who was in town a couple of weeks ago for a solo show at Songbyrd in AdMo (h/t dear friend Amanda Hunter) ... Jenny Mayfield, director of media relations at The Hoover Institution … Nitzan Pelman, CEO of ReUp Education, which partners with universities to re-enroll students who drop out of college and then coach them until they graduate ... Jeff Person is 26 ... Nicole Cohen, legislative director for Rep. Joe Crowley ... Rem Rieder, editor at large and media columnist for USA Today ... Beaumont Enterprise education reporter Liz Teitz, a Georgetown 2016 grad who had the lead story on A1 yesterday (h/t Colby Bermel) ... Amb. Bruce Laingen, a survivor of the Iranian hostage crisis ... Adjoa Adofo, comms director for Better Medicare Alliance ...… Tara Sonenshine, former Obama Under Secretary of State for Public Diplomacy and Public Affairs now at GWU’s School of Media and Public Affairs (h/t Jon Haber) ... Ben Wieder, reporter for the Center for Public Integrity (h/t fellow devoted Syracuse Orangemen fan Dave Levinthal) ... Marta Dehmlow Hernandez ... Cherie Paquette, talent/guest booker for Fox News’ “America’s Newsroom” ... AP alum Keith St. Clair, acting comms. director for D.C.’s Dept. of Transportation ... Jeffrey Lerner, EVP at DKC Public Relations and Obama and DNC alum (h/t David Helfenbein) … former Rep. Chris Perkins (D-Ky.) is 62 ... former Rep. R. Parker Griffith (R-Ala.) is 74 … Andrew J. Eisenberger of Rep. Dana Rohrabacher’s office ... Pat Fitzgerald of Rep. Renee Ellmers’ office ... Sarah Coyle, floor assistant for Speaker Ryan ... Marta Dehmlow of House Approps ... Teresa Almanza of Sen. Gary Peters’ office ... Viktoria Seale, counsel for House Small Business ... Rick Olseen, of Rep. Rick Nolan’s office, is 6-0 .. Melissa Beaumont of OGR ... Klon Kitche, national security adviser for Sen. Ben Sasse ... Robert Wilkie, senior advisor for Sen. Tillis, is 54 … Allyson Browning, associate director, of legislative affairs at National Association of Federal Credit Unions (h/ts Legistorm) … Amalia Stott, spending her day daydreaming about cheese boards at the Ritz in Boston ... Mary Elgar ... Mia Terry (h/ts Teresa Vilmain) … Doug Mataconis ... Amanda Brown, exec. director at National Women’s Business Council ... Dr. Alan Lipman ... Cameron Lynch ... Michael Gill ... Ellen Dadisman ... David Nolte ... Mike Friedman is 26 ... children’s performer Ella Jenkins is 92 ... actor Benito Martinez is 48 ... Movie writer-director M. Night Shyamalan is 46 ... rock singer Travis McCoy (Gym Class Heroes) is 35 ... Eric Roberts (Gym Class Heroes) is 32 (h/ts AP)THE SHOWS by @mattmackowiak filing from the Texas Lyceum meeting in McAllen, Texas! (local paper: The McAllen Monitor!)--NBC’s “Meet the Press”: Tim Kaine; Lt. Gen. Michael Flynn (Ret.); Rick Scott; roundtable: NYT’s Yamiche Alcindor, Mark Halperin, Hugh Hewitt and Joy Reid (airing at different times due to NBC’s Olympics coverage)--ABC’s “This Week”: Rudy Giuliani and Michael Morrell; roundtable: Matthew Dowd, Sara Fagen, Roland Martin and Cokie Roberts--CBS’s “Face the Nation”: Jeff Flake; Tom Cotton; new results from the CBS News 2016 Battleground Tracker poll from Virginia, Arizona and Nevada with CBS News’ Anthony Salvanto; roundtable: Susan Page, Ron Brownstein, Ed O’Keefe and Michael Duffy; David Ignatius--“Fox News Sunday”: Newt Gingrich and Xavier Becerra; Tom Cotton; author Ina Garten (“The Barefoot Contessa”); roundtable: George Will, Lisa Lerer, Lisa Boothe and Gerald Seib--Fox News’ “Sunday Morning Futures” (10am ET / 9am CT): Paul Manafort; Byron York; Ed Royce; lead U.S. negotiator for Iran’s nuclear program Peter Burns; roundtable: Tony Sayegh and Judith Miller--Fox News’ “MediaBuzz” (SUN 11am ET / 10am CT): A.B Stoddard; Mollie Hemingway; Krystal Ball; Greta Van Susteren; Barry Bennett; Sarah Isgur Flores; Frank Luntz--Univision’s “Al Punto” (SUN 10am ET / 1pm PT): Roundtable: Republican analyst Alfonso Aguilar and Democratic analyst Phillip Arroyo; Congressional candidate Adriano Espaillat (D-NY); Mexican congressman (Jalisco) Pedro Kumamoto; former Colombian police chief and Colombian peace talks delegation member Gen. Oscar Naranjo; CDC’s Dr. Alina Flores--C-SPAN: “The Communicators” (SAT 6:30pm ET): Voice of America director Amanda Bennett; Broadcasting Board of Governors CEO John Lansing; Office of Cuba Broadcasting director Malule Gonzalez … “Newsmakers” (SUN 10am ET): Jill Stein, questioned by The Hill’s Bob Cusack and Yahoo! News’ Olivier Knox … “Q&A” (SUN 8pm & 11pm ET): Author, Civil War historian and Virginia Tech’s James Robertson (“After the Civil War: The Heroes, Villains, and Civilians who Changed America”)--MSNBC’s “PoliticsNation with Rev. Al Sharpton”: (SUN 8-9am ET): Jamal Simmons; The Atlantic’s Michelle Cottle; former McCain advisor Adolfo Franco; author Zack Roth (“The Great Suppression”); Lawyers Committee for Civil Rights Voting Rights Project director Marcia Johnson-Blanco; Trump University fraud victim and Clinton campaign surrogate Cheryl Lankford; Clarence Page--“MSNBC Live”: (SUN 9-10am ET): Jay Newton-Small; Molly Hooper; Bill Richardson--MSNBC’s “AM Joy”: (SUN 10am-12pm ET): Michelle Bernard; Republican pollster Bill McInturff and Democratic pollster Fred Yang; MoveOn.org national spokesperson Karine Jean-Pierre; E.J. Dionne; Perry Bacon; former South Carolina GOP chairman Katon Dawson; author, journalist and The Daily Beast’s David Cay Johnston (“The Making of Donald Trump”); Reason Magazine’s Matt Welch; Nina Turner--PBS’s “To the Contrary” with Bonnie Erbé: (airs all weekend): Special episode on Belmont Paul Women’s Equality National Movement--SiriusXM’s “No Labels Radio” (SAT 10am ET & 6pm ET, SUN 1PM ET): This week guest hosts and No Labels leaders Jean Card and Herb Tyson discuss the 2016 presidential election with Politico’s Nick Gass; the provocative theory about how we are each responsible for the ineffectiveness of Washington, DC with TEDTalk author Marc Dunkelman (“Why You’re the Reason Washington’s Broken”); Better for America’s Kahlil Byrd on the Ballot Access initiative and how their organizers plan to secure access to the ballots in all 50 states for 3rd party candidates. Available for download athttp://www.nolabels.org.--Sinclair’s “Full Measure” with Sharyl Attkisson (SUN 10am ET on WJLA and airing on Sinclair stations nationwide): Attkisson reports on the high rate of prescription drug use in the U.S., along with the millions of cases of adverse drug reactions every year. Full Measure examines the one widely-prescribed pill that’s had devastating side effects for young boys; Scott Thuman reports on the longest held American captive NOT released as part of the Iran hostage deal--Hearst / Sony’s “Matter of Fact” with Fernando Espuelas (airing Sunday in most markets, check local listings): Former Clinton & Obama administration NSC advisor and RAND Corporation senior political scientist Stephen Flanagan; Princeton University’s Dr. Eddie Glaude; Republican Main Street Partnership president Sarah Chamberlain; Politico’s Steve Shepard; segment on whether iconic branding taking over iconic national parks?--CNN’s “Reliable Sources”: (SUN 11am ET): Michael Wolff; Dan Abrams; Trump supporter roundtable: Scottie Nell Hughes, Amy Kremer, Kristin Tate and John Phillips.--CNN’s “Inside Politics” with John King (SUN 8am ET): Roundtable: Molly Ball, Domenico Montanaro, Laura Meckler and Manu Raju--CNN’s “State of the Union” (9am ET / 12pm ET): John Kasich; roundtable: Andre Bauer, Symone Sanders, Jason Miller and Stephanie Rawlings-Blake--CNN’s “Fareed Zakaria GPS”: (SUN 10am, 1pm ET): Roundtable: OANN’s Emily Miller, Bret Stephens, Paul Krugman and Stephen Moore; author Malcolm Gladwell (“David and Goliath”)
Though we are in the final stretch of the current reporting cycle, it is still raining earnings in the REIT sector with Apple Hospitality REIT, Inc. (APLE) and others slated to come up with their quarterly figures.
Donald Trump's campaign on Friday announced more than a dozen members of the Republican nominee's all-male economic advisory team, including several prominent real-estate investors, hedge-fund managers and bankers.Names on the list, which the Trump campaign boasted as having "unparalleled experience and success in business" include Steve Roth, the founder and chairman of Vornado Realty Trust; oil and gas tycoon Harold Hamm; Vector Group President and CEO Howard Lorber; Steven Mnuchin, Trump's national finance director and chairman/CEO of Dune Capital; top fundraiser Tom Barrack, the founder and chief executive at Colony Capital; Stephen M. Calk, chairman and CEO of The Federal Savings Bank; John Paulson, president and CEO of investment firm Paulson & Co.; Andy Beal, a banker, businessman and poker player; and Steve Feinberg, co-founder and CEO of Cerberus Capital Management.Trump advisers David Malpass Peter Navarro, Stephen Moore and Dan DiMicco are also on the list, led by Miller, the national policy director, and deputy policy director Dan Kowolski. The Trump campaign said that more names will be added at a later date.The announcement comes ahead of Trump's speech Monday at the Detroit Economic Club, where the Republican nominee is expected to lay out his agenda for the American economy.“I am pleased that we have such a formidable group of experienced and talented individuals that will work with me to implement real solutions for the economic issues facing our country," Trump said in a statement released by his campaign. "For too long we have watched as President Obama and Hillary Clinton have ruined our economy and decimated the middle class. I am going to be the greatest jobs President our country has ever seen. We will do more for the hardworking people of our country and Make America Great Again.”
Aug 5 will see a deluge of earnings releases, with Senior Housing Properties Trust (SNH), National Health Investors Inc. (NHI) and others queued to report their quarterly figures.
Vornado Realty Trust (VNO) reported second-quarter 2016 funds from operations (FFO) per share of $1.21, missing the Zacks Consensus Estimate of $1.25.
The Merchandise Mart has been a landmark hub of workplace design for many years. And if one thing was obvious at NeoCon 2016, it's that Chicago's Merchandise Mart is positioning itself to be a building at the forefront of workplace design for years to come. With the show Vornado Realty Trust, owner of the theMART, unveiled transformative architectural renovations. The creative force behind these changes is New York-based architecture, design and strategy firm A+I, cofounded by Brad Zizmor and Dag Folger. Founded in 1996, A+I has grown to be an internationally renowned practice of architecture, strategy and design, but perhaps what is most unique is a prominent focus on design research. Peter Knutson, Director of Strategy says, "We don't believe in 'build it and they will come.' We think about building it, talk about building it, design it, think some more, build it, and THEN they will come - because we got it right." Ownership of theMART has supported this iterative, well-researched approach. Through grassroots initiatives, A+I solicited (and continues to solicit) great feedback from tenants and visitors that shapes designs before they are built. The enhancements and changes are prototyped in full before they are built in an effort to gain insight from users of the space. Last year at NeoCon 2015, what is now known as 'The Grand Stair' was created in a 1-1 mock up with 790 silver Christmas ornaments. This gave visitors a clear impression of the scale of the space that eventually would be there. The park out front is another good example. A small park was originally built. As feedback has come back, it already has been expanded, and there are many more inspirational ideas on future expansion. Brad Zizmor, Co-Founder of A+I, describes the firm's unique approach: "We have been spending 20 years innovating in the workplace. What has been happening inside office lease holds has been transformative with teleworking, a move to openoffice, and other innovations, however the buildings that house these forward-thinking tenants have been woefully left behind. We have an increasing number of building owners coming to us to create public spaces that, for lack of a better word, 'catch up.' We are at the forefront of this 'catch up' as our interest is in improving the office space beyond the walls of the office." Dag Folger, Co-Founder of A+I, adds "Because of the sheer size, the relative cost of the recent upgrades in relationship to the total number of leaseholds is reasonable. We saw this project as a huge opportunity for proof of concept for our focus on these public spaces. With 4.2 million-square-feet of space, theMART could afford to try it... and they weren't wrong!" What's Changing? Highlights of the $40M project (to date) include a new park along River Drive, theMART's entry drive overlooking the Chicago River, interior renovation of 27 elevators, new wayfinding, and the full renovation of the Food Hall (formerly known as the food court), and the pinnacle: The Grand Stair, theMART's new portal, featuring The Lounge at the Top of the Stairs, and new Reception below. The Grand Stair spans 5,600 square feet, covered with 300 slabs of classic Roman Travertine stone. While beautiful, it's also interesting to know that it's not just the first impression, but the behavior that A+I in partnership with Vornado is looking to change. Zizmor says, "From the beginning, the original research phase, we sat and watched the building work. It has been an intense exercise in listening and responding back to the tenants. Tenants would walk into a marble or travertine hallway and realize immediately it wasn't speaking to them or their company's brand. A spicket of commuters who come off the L into that building would leave as quickly as possible through a fire stair. The building was not communicating with them, either." This project is an adventure in designing public space that is functional for commuters, tenants and show spaces alike. theMART is already a huge tech hub and the contract furniture epicenter, but could it be more? Zizmor continues, "The ownership of theMART has challenged us to reinvent the future without forgetting the past. It is up to us to figure out how to continually reinvent another extremely successful community." What's Driving the Changes? Anyone who has spent multiple years in the contract interiors industry can attest that theMART is a key component to the contract interiors industry; creating a uniquely tight-knit culture for designers, dealers and manufacturers in Chicago. But far beyond the Midwest, many tour groups fly clients in to Chicago because of this one central location. Folger says, "A whole generation of furniture companies have been built at theMART. Chicago became the single most important place to do one-stop shopping for strategic launch practices with a breadth of furniture companies within the workplace interiors industry. That's incredibly powerful." While theMART was 60 percent showrooms and 40 percent tenants just three short years ago, now these statistics have flipped, but rest assured that theMART is not looking to unseat showroom tenants. Aaron Whitney, Senior Associate at A+I, says, "Events like NeoCon and others that create reoccurring community connections are really important in a showroom building. They create more buzz and connectivity. This is healthy for a community. Just like any city with music/art festivals. Showroom business is a natural generator." Zizmor adds, "One of the major drivers of these changes is that buildings now, by necessity, need to design in 'third places.' As we lose privacy in open-office settings, many people find themselves in stairways to make phone calls. We see the spaces we create as a way to find privacy in public spaces. It's like hiding in plain sight." Zizmor continues, "As this personal, private office within the leasehold is disappearing, attention needs to be paid to the lobbies and public spaces of the office building. These are being challenged by providing anonymity and room for free thinking." What is to Come for the Mart? Vornado already has said this is just the beginning. Upcoming renovations include more changes around the food hall, enhancements to the lounge at the top of the stairs, and more new programming put into place this summer. Peter Knutson, Director of Strategy, says, "We will be creating even more spaces for workplace lifestyle amenities and programming including activities such as: yoga, watching the view in lobby, meeting space outside of the office, or even playing shuffleboard and bags. This is just the beginning of what could be." Zizmor closes us with this thought: "As far as the future goes, there is a huge opportunity. It already has been an incredible experiment on how forward-thinking office buildings can function in the future. All indications indicate that Vornado is more energized than ever to continue this research and reimagine these public spaces to see what's possible for the knowledge worker economy." It will be fun to watch - and possibly shape with our feedback - just how profoundly architectural changes can instigate changes in human behavior. A special congrats to the team involved in this project: Brad Zizmor, Founding Principal Dag Folger, Founding Principal Aaron Whitney, Senior AssociateStrategy: Peter Knutson & Ashley Bryan Project Managers: Paul Privitera & Tom Zook Design Team: Alexis Coir, Debbie Chen, Bernard Peng, Marielle Vargas, Matt Deluca, Kyle Digby Architect of Record: Valerio Dewalt Train Associates This article originally published in the Business of Furniture July 27, 2016. It is republished here with permission. About the author: Amanda Schneider is a trends researcher, blogger for the Huffington Post, and the founder of Contract Consulting Group www.contractconsultinggroup.com, a consulting practice serving the Contract Interiors Industry focused on business strategy, market research and marketing content development. -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.