Essex Property Trust, Inc. (ESS - Snapshot Report), a real estate investment trust (REIT), recently acquired two adjacent land parcels for the development of two apartment communities in San Francisco, California. The two buildings scheduled to come up would have nine stories each and consist of 463 apartment homes and 9,300 square feet of retail space.
The two development communities will include various amenities like an urban park, rooftop decks, clubhouse, fitness center and spa. Essex Propertyexpects the properties to open in spring 2014 for a total cost of approximately $250 million.The company has entered into a joint venture with an institutional investor for the project where it will hold a 55% stake and will also earn development and management fees for the two communities.
The project is located in the vibrant SOMA district of San Francisco and is in close proximity to shopping and entertainment centers with access to various modes of public transport.
The company will also benefit from the fact that San Francisco is one of the leading metropolitan areas in the U.S. in terms of rent growth owing to the limited supply of housing and high paying job opportunities.
Based in Palo Alto, California, Essex Property acquires, develops, redevelops, and manages apartment communities primarily in highly desirable, supply-constrained markets. Essex Property currently owns 158 multi-family properties with an additional 8 properties in various stages of development.
Essex Property currently retains a Zacks #3 Rank, which translates into a short-term Hold rating. We presently have a long-term Neutral recommendation on the stock. One of its competitors, BRE Properties Inc. (BRE - Analyst Report) has a Zacks #4 Rank, which translates into a short-term Sell rating.
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Source: www.zacks.com
Sussex steal Kent Exiles' Thunder (From News Shopper) - News Shopper
Kent Exiles 12-50 Sussex Thunder
11:08am Tuesday 19th June 2012 in Sport
KENT Exiles were beaten by Sussex Thunder on Sunday in their final home game of the season.
Going into the game as underdogs, and with a depleted squad due to five games in as many weeks having taken its toll with injuries, the Exiles dug in early on and matched Thunder stride for stride.
After an early Thunder score the Exiles thought they had drawn level when Zac Ritchie threw to Sam Johnson and the wideout broke a tackle and outpaced the visiting defence, but a penalty wiped the score off the board.
Ritchie found Colin Chislett and then Johnson again to move them within touching distance of the endzone and Jon Miller caught the touchdown.
Sussex Thunder pulled ahead on their next drive, but the Exiles came straight back once again.
Ben Abbott continued his good form finding some running room and Ritchie found the reliable Chislett and Miller before Wesley Eversley jumped between three defenders to pull in the touchdown and bring the scores level again.
One more Thunder score as the half ran out gave the visitors the lead, but at half-time it was anyone's game.
However, the second half was a different story as Sussex Thunder’s defence started to get on top and force turnovers which resulted in some quick scoring without reply from the Exiles and before long the game was out of reach.
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Source: www.newsshopper.co.uk
Former TOWIE star Amy Childs shows off impressive cleavage in tight gold monokini - Daily Mail
By J J Anisiobi
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With her former co-stars in The Only Way Is Essex having jetted out to Marbella, and Mark Wright visiting Hollywood, it was only fair that Amy Childs got some sunshine too.
The reality TV star headed to Dubai last week for a few days of fun in the sun and she chose to sport a very revealing monokini.
The 22-year-old was barely able to contain her more than ample cleavage in the gold swimwear as she frolicked at the poolside.
Looking big: Amy Childs appeared to have increased her more than ample chest size as she holidayed in Dubai, last week
Amy recently revealed that she was unhappy with her 32C breast size and had vowed to upgrade her chest to a larger 32DD.
Judging from these photographs the red haired beauty has no need to go under the knife as her chest looked more than big enough, thanks to her supportive cupping.
She told new! magazine, last month: 'When I first got them done, they were up here. They were so nice and pert.
Slipping off: The reality TV star recently announced that she was unhappy with her 32C breast size and had vowed to upgrade her chest to a larger 32DD
All washed up: Amy was joined on holiday by her younger cousin Harry Derbidge who wore an attention grabbing pair of yellow shorts
Rubbing it in: Amy was covered in sunblock by her handy cousin who was more than happy to oblige
'All implants drop, but mine have especially. Maybe it’s because I was too young and still growing. I’ve had all my consultations now and decided on a 32DD.'
A spokeswoman for Childs confirmed to the Mail Online that she had not had any surgery and said: 'Amy hasn't had her boob job yet, she has a push up bikini on.'
The former Celebrity Big Brother star looked in superb shape as she strutted her stuff around the pool and showed off her amazing curves in the tight number.
Lucky guy: Harry is sure to be the envy of many men as he got to get up close and personal with Amy's suspected new assets
She accessorised the outfit with a stack of gold bangles from Lemonade, and a large pair of aviator sunglasses.
The vajazzling queen was joined on the jaunt by her little cousin Harry Derbidge, and he was on hand to make sure that she didn't burn in the sun.
All aboard: The former TOWIE star gave Harry a piggy-back as the pair frolicked in the swimming pool
Harry, 18, is sure to be the envy of many men as he was tasked with putting protective sunblock lotion on Amy's body.
Derbidge was said to be devastated after he was axed from TOWIE, but he has been living the high life following his successful relative around.
Harry, who wore a pair of bright luminous yellow shorts, couldn't hold his laughter back as he rubbed cream on Amy's arms, back and chest.
Having a laugh: Amy and Harry had fun in Dubai and Amy looked particularly in great shape in her gold swimwear
Feeling hot: The red haired celebrity definitely appeared to have a larger cup size than she has in the past
After making sure she was wearing a full body of protection, Amy delicately slipped off her white wedges and dipped her toes in the water.
It wasn't long before the pair were larking around as Harry jumped on Amy's back and she gave him a piggy-back.
Miss Childs showed some impressive strength carrying her cousin and flexed her particularly toned thighs as she walked through the shallow water.
Style queen: Amy later put on a long open kaftan as she headed to the beach with her personalised large brown bag
Family ties: Harry was said to be gutted when he got cut from TOWIE, but the young star has been living the high life in the shadow of his cousin
No doubt her new muscles are the result of recent fitness DVD, Amy Childs – Fit in 30 Days.
Despite working up a sweat, the pair were not done with their day of fun and walked down to the beach to spend the rest of their time working on their tans.
While Harry put on a sleeveless grey shirt, Amy slightly covered up in a long open kaftan and accessorised with a personalised ClaireaBella bag.
Helping hand: Harry looked more like Amy's assistant than her cousin as he helped her keep her stylish outfit together on the beach
Showbiz roundup! Tears from Sharon. 'Tipsy' Kiera and tantalising Emma...
Source: www.dailymail.co.uk
London Welsh appeal put back - Belfast Telegraph
Tuesday, 19 June 2012
The case will now be heard on June 28 - it was originally scheduled for Thursday - under agreement by all parties involved.
The independent panel will compromise of James Dingemans QC (chairman), Ian Mill QC and Tim Ward QC at a venue yet to be confirmed.
Welsh won this season's Championship after beating Cornish Pirates in both legs of the final.
But the Richmond-based club were told just hours before the first leg kicked off in Cornwall they did not meet minimum standards criteria set down by English rugby's Professional Game Board for entry to the Premiership.
The Exiles played the final's second leg at the Kassam Stadium in Oxford, which is thought to be their preferred venue should they gain top-flight status.
As things stand, Newcastle will remain in the Premiership next term despite finishing bottom a point behind Wasps this season.
But should London Welsh succeed in overturning an original decision that went against them, they will go up and the Falcons be relegated.
Source: www.belfasttelegraph.co.uk
'It's sexier in the city': Why randy Boris Johnson loves London life - Daily Mail
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Cities appeal for many reasons - a thriving nightlife, a kaleidoscope of culture and the higher salaries.
But London Mayor Boris Johnson has claimed crowds of men flock to the capital because there are a 'greater range of girls of reproductive choice' found occupying London's bars and nightclubs.
The Mayor, who has cheated on two wives including his current other half Marina, says men are drawn to the high numbers of women in urban areas.
Better options: Mayor of London Boris Johnson has declared that he loves city love so much because there is 'a greater range of girls' to choose from in bars
In a searingly honest interview, Mr Johnson said he was motivated by fame and that he wants to assume 'supreme power in England' despite admitting recently that he is more likely to be 'decapitated by a frisbee' than succeed Mr Cameron as Prime Minister.
He said: 'We seek cities because there are a greater range of girls at the bar, of reproductive choice.
'But above all, talented people seek cities for fame. They can't get famous in the f****** village'.
In his most glaring statement of intent so far, Mr Johnson said he wants to become Prime Minister so that he can build a new airport in the South-East.
Frisky: Mr Johnson has previously been caught cheating on his second wife Marina (pictured)
The former MP has irritated Mr Cameron’s aides with hints that he would do a better job than his Eton and Oxford contemporary.
But in recent months he has stressed that he would serve a second full term as mayor, claiming that he is more likely to be ‘reincarnated as an olive’ than to succeed Mr Cameron.
His latest comments come on a tour of New York, the city of his birth, to promote his new book Johnson’s Life Of London: The People Who Made The City That Made The World.
Mr Johnson – a firm advocate of an island airport on the Thames – told New York Magazine: 'London is the most commercially important city in Europe, and it’s the most populous city.
Honest: His latest comments came while promoting his new book on a tour of New York, where he appeared on the David Letterman show
'It should be for the whole of the European continent what New York is to America. That’s what it should be. And in many ways it is.
‘We have to have a new airport.One of the only reasons I want to assume supreme power in England is to make sure that happens.’
He then added: 'For God’s sake, don’t quote me saying that.'
A Downing Street spokesman confirmed that an ‘aviation strategy’ would be published in autumn.
A Tory MP described Mr Johnson’s admission as ‘a refreshing blast of honesty and self-awareness’, adding: ‘It is a collector’s item.’
Source: www.dailymail.co.uk
London 2012: Legacy chief to stand down after Games - BBC News
The chief executive of the London Legacy Development Corporation (LLDC) is to leave his post with the future of the Olympic Stadium still uncertain.
Andrew Altman was appointed three years ago and tasked with finding a legacy for the stadium and other Games venues.
He will leave on 15 August. He said the job had been a "tremendous honour".
The future of the stadium is not yet clear, with the bidding process for tenants having had to be scrapped and relaunched due to legal challenges.
Mr Altman said: "It has been a tremendous honour to lead this once-in-a-lifetime project that will transform the face of London and will be a spectacular example of city building the world over.
"I am proud to have been able to set the table with a clear vision, resources and commercial investment. It is now the perfect time to transition the project to one focused on construction, so there will be no disruption after the Games in implementing the legacy vision we have crafted."
During the recruitment process to find a replacement, Olympic Delivery Authority (ODA) chief executive Dennis Hone will make himself available part-time on an interim basis.
Daniel Moylan, the incoming LLDC chairman, said: "Andy Altman has made a huge personal contribution to the future of the Olympic Park and we thank him for putting us in such a strong position."
In March, the LLDC, which was then operating as the Olympic Park Legacy Company (OPLC), confirmed four bids from firms wanting to become tenants of the Olympic Stadium were being considered.
West Ham United, which won the now-disbanded process to move to the stadium in Stratford after the London 2012 Games, is one of the bidders.
Essex County Cricket Club has also submitted an application.
West Ham United has applied for a 99-year lease of the stadium, which is reported to have cost £486m to build.
In May, the LLDC said it was extending the deadline for submitting bids by eight weeks to ensure the process was "as competitive as possible".
Source: www.bbc.co.uk
Sorry but no one looks good in a monokini. - emma, London, 19/6/2012 14:40---------------------------why are you sorry?
- Scarlett, South East, UK, 19/6/2012 15:56
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