Tower’s $100M fix meant to stop building, its home values from sinking

Four years after the Millennium Tower grabbed international attention as the world’s most prominent sinking and leaning high-rise, the off-kilter condo tower is set to start a $100 million fix that residents hope will not only correct the engineering blunders of the past but restore values in the beleaguered building.

Read More Read more

Millennium Tower’s $100M fix meant to stop building from sinking

Four years after the Millennium Tower grabbed international attention as the world’s most prominent sinking and leaning high-rise, the off-kilter condo tower is set to start a $100 million fix that residents hope will not only correct the engineering blunders of the past but restore values in the beleaguered building.

Over the next few weeks, the scaffolding will be erected at 301 Mission St. The sidewalks will be barricaded off. Pile drivers will start drilling the first of 52 concrete, 140,000-pound piles that will anchor the building to bedrock 250 feet below ground. The two-year project will relieve stress on soils

Read More Read more

Millennium Tower’s $100M fix meant to stop building and home values from further sinking



Read More Read more

Nursing Homes in Nevada Told to Stop Using Rapid Coronavirus Tests

Here’s what you need to know:

Credit…Julia Rendleman for The New York Times

The coronavirus tests kits are small and fast — they produce results in as a little as 15 minutes — and when they were first distributed to nursing homes around the country in August by the federal government, they were welcomed with open arms.

At last it seemed, there was a solution to the delays and equipment shortages that had stymied efforts to use laboratory-based tests to curb outbreaks.

But now Nevada has ordered its nursing facilities to immediately suspend the use of two of the rapid virus tests after their performance was found to be lacking, according to a directive issued by the state’s department of health.

The order was prompted by a spate of false-positive results, in which the tests

Read More Read more

There’s a Reason You Can’t Stop Looking Into Other People’s Homes

<div class="caption">A peek into Alexander Werz's <a href="https://www.architecturaldigest.com/story/alexander-werz-milan-apartment?mbid=synd_yahoo_rss" rel="nofollow noopener" target="_blank" data-ylk="slk:chic home" class="link rapid-noclick-resp">chic home</a>.</div>

Can’t stop bingeing Open Door? You’re not alone. The thrill of seeing an acquaintance’s apartment for the first time, scanning the spines of your Airbnb host’s book collection, watching an influencer’s closet tour—catching a glimpse of someone’s private space reveals new elements about them. Exploring why we sometimes feel the need to rifle through others’ bathroom cabinets, sociologist Jeanne Curran was quoted in an article from the Los Angeles Times saying, “A medicine cabinet contains objects, and we have a weird faith in objective reality.” In every corner, drawer, and closet of a home, there are truths to be interpreted through the objects they hold. Or, alternatively, we might project what we think it says about ourselves and how we choose to live.

“Shelter magazines” first became popularized in the late 19th century, and many began as architectural journals and eventually morphed into interior design–focused publications, making them more

Read More Read more

A hedge fund looks to stop a big real estate owner from breaking up

(CNBC Pro subscribers can access the 13D Active-Passive Investor Summit featuring the most influential activist investors by registering here with promo code ”13DCNBC20′ for a 20% discount.)

Company: Apartment Investment and Management Co. (AIV)

  • Business: Apartment Investment and Management Co. is a REIT that focuses on the ownership, management, redevelopment, and development of apartment communities in some of the largest US markets. It has two primary businesses: (i) AIR, which is a stabilized apartment investment vehicle with quality assets and a national footprint and comprises approximately 90% of AIV’s total business, and (ii) Aimco, which includes complicated development deals and some less attractive portfolio assets, comprising approximately 10% of AIV.
  • Stock Market Value: $5.3 billion ($33.39 per share)

Activist: Land & Buildings

  • Percentage Ownership:  1.39%
  • Average Cost: $34.50
  • Activist Commentary: Land & Buildings is a real estate focused long-short hedge fund that will try to engage with management on
Read More Read more

U.S. immigration officials stop sending women to doctor accused of performing hysterectomies without consent

HOUSTON – Immigration authorities have stopped sending detained women to a rural Georgia gynecologist accused of performing surgeries without consent, a government spokesman said Tuesday.

Dr. Mahendra Amin faces allegations that he administered hysterectomies and other procedures that women held at the Irwin County Detention Center didn’t seek or fully understand. Amin has seen at least 60 detained women, said Andrew Free, a lawyer working with other attorneys to investigate medical care at Irwin County, on Tuesday.

Bryan Cox, a spokesman for U.S. Immigration and Customs Enforcement, confirmed that Amin would no longer see patients, but declined to comment further, citing an ongoing investigation by the Department of Homeland Security’s inspector general.

The Irwin County Hospital issued a statement defending Amin, saying he “is a long-time member of the Irwin County Hospital medical staff and has been in good standing for the entirety of his service to the Irwin County

Read More Read more