Czech PM’s party wins big in regional ballot amid pandemic

PRAGUE, Czech Republic – The senior party in the Czech Republic’s coalition government dominated the country’s regional elections and is ahead in the first round of voting for Parliament’s upper house, according to results released Saturday.

The Czech Statistics Office said that with ballots from almost 100% of polling stations counted, the ANO (YES) movement led by Prime Minister Andrej Babis won 10 of the 13 regions contested during voting on Friday and Saturday.

The result was a sign of a stable support for ANO, which won nine regions in 2016.

“It’s an excellent result,” Babis said.

ANO also has the most candidates advancing to the runoffs for 27 seats in the 81-seat Senate. The top two finishers in each district will face each other in a head-to-head vote next weekend.

With ballots from 99% of stations counted, ANO had nine candidates advancing to the runoffs.

The elections were the

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Big Santa Clara housing complex and working farm get key funding

SANTA CLARA — A unique mixed-use project of affordable homes and a working farm proposed for Santa Clara has landed key financing from a state bond, clearing the way for a construction start next year, the developers said.

Agrihood, which will consist of 361 homes and an urban farm across the street from the Westfield Valley Fair mall, has obtained $50 million in tax-exempt bonds from the California Debt Limit Allocation Committee, Core Cos., the developer of the Santa Clara project, said.

“Our success in securing bond financing reflects the importance of the Agrihood in providing stable, sustainable housing,” said Vince Cantore, a vice president of development with Core Cos.

The 361 new homes in Agrihood will include 181 that will be offered at below-market rates. Of the 181 affordable homes, 165 will be set aside for low-income seniors.

Along with the housing, Agrihood will also offer an urban farm,

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The Majestic Theatre’s Big Detroit Entertainment Complex Lists for Sale

In another sign of the times, Midtown’s Majestic Theatre entertainment complex has listed for sale for an unspecified price. Dave Zainea, an owner of the venue that stretches a block of Woodward Avenue, tells Crain’s the sale was something that his family had been considering for a while but COVID-19 losses pushed them over the edge.

a sign on the side of a building

© Photo by Aaron J. Thornton/Getty Images

The listing includes the Majestic Theatre and Magic Stick music venues along with the Garden Bowl bowling alley, the Alley Deck rooftop bar, and Sgt. Pepperoni’s Pizzeria and Deli. Currently, Zainea says the family hopes that they will find a buyer that values the history and spirit of the property. The venue started out as just a bowling alley in 1946 and is listed on the National Register of Historic Places. Garden Bowl is one of the oldest bowling alleys in the country. Two years ago, the

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Sale-Leaseback Deals Could Be the Next Big Trend for Single-Family

Sale-leaseback transactions have been common in certain aspects of the commercial real estate market—and now may be spreading to other sectors. A new analysis from Trepp Commercial about the single-family housing market sees an opportunity for homeowners to use sale-leaseback structures to pull equity out of their homes without having to move.

More significantly, institutional players also see an opportunity in this area. One indicator of this interest comes from Invitation Homes, which, per the Wall Street Journal, is planning a sale leaseback program as another channel to add to its 80,000 homes.

The pandemic has catalyzed the potential for sale-leaseback transactions to find a place in the single-family market. While the housing market is much more stable today than it was during the last recession—when many homeowners faced foreclosure—the market has been stabilized partially by widespread forbearance policies. When those policies expire or when past-due mortgage payments add

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Big Al Capone’s in Pipe remains closed; building for sale following owners’ retirement

PIPE – Big Al Capone’s, N10302 U.S. Highway 151, and its historical property are for sale.

a close up of a street in front of a house: Big Al Capone’s, present day.

© Taima Kern/Action Reporter Media
Big Al Capone’s, present day.

The restaurant temporarily closed in March shortly after the state’s safer-at-home order, deciding not to continue take-out services. By June, many local restaurants had reopened, but Big Al Capone’s was not one of them.

During the shutdown, owners Annie and John Schmitz retired and put the historical property up for sale, as of Sept. 20, according to the restaurant’s Facebook page. 

Restaurant’s history includes gangsters, ghosts

The building was originally built in 1846 as the Stage Coach Inn and Fuhrman Hotel and had earned a place on the State Historical Registry, according to The Reporter archives. 

The Schmitzes previously owned Schmitty’s Oar House, and after selling, bought this building — said to be one of Al Capone’s stops when traveling between northern Wisconsin and

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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
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Sale Sharks bring on their big guns to subdue battling Harlequins and win Premiership Rugby Cup final

That response took a while to arrive. Smith extended Harlequins’ lead to nine from the tee, but then came De Klerk and then came Manu Tuilagi.

When the home side realised that their unstoppable driving maul was going to be the way to get back into this, their task looked easier. Dan Du Preez’s score from the tail of another maul set up a two-point finish.

That was enough to set Sale back on the straight and narrow. And when Quins flanker Will Evans was too overzealous at a ruck, Rob Du Preez gave Sale the lead. De Klerk’s last-minute sniping try was the icing on the Sale cake, putting the trophy’s destination beyond doubt.

Match details

Scores: 5-0 (Langdon try), 7-0 (R Du Preez con), 10-0 (R Du Preez pen), 10-3 (Smith pen), 10-6 (Smith pen), 10-11 (Chisholm try), 10-13 (Smith con), 10-16 (Smith pen); 10-19 (Smith pen), 15-19

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