Steve Marcus Las Vegas 51s catcher Kevin Plawecki bats during practice at Cashman Field Tuesday, April 4, 2017. By Adam Candee Friday, May 26, 2017 | 2 a.m. Any kid knows that it’s easier to persuade either your mom or dad to get what you want instead of convincing both. For the Las Vegas 51s, that childhood concept explains why Howard Hughes Corp.’s recent acquisition of full ownership of the team bodes well for their long-awaited Summerlin stadium project. Plans for a new facility to replace the aging Cashman Field could emerge publicly within the next month, according to multiple sources. Hughes Corp. purchased 50 percent of the team for $16.4 million in March from previous partner Play Ball Owners Group, a Las Vegas-based investor group. The corporation previously owned the other half of the club in a joint venture with Play Ball. “Hughes having 100 percent ownership just makes it easier for them to make decisions and move forward,” 51s President … [Read more...] about Ownership change may speed plans for long-sought new home for 51s
Bayshore Town Center's ownership change comes at a time when retailers are facing big challenges — and shopping malls are adding new uses to broaden their appeal.The Glendale mixed-use development, which includes stores, offices, apartments, restaurants and a movie theater, is now owned by AIG Global Real Estate Services, an affiliate of New York-based financial services provider American International Group Inc.AIG took ownership of Bayshore as the result of loan restructuring negotiations initiated by the previous owner, New York-based Olshan Properties.AIG declined to provide details about those loan negotiations, and Olshan didn't respond Tuesday to a request for more information. Olshan apparently wasn't late on its loan payments to AIG, said John Fuchs, Glendale city attorney.And Olshan was current on its financial obligations to the city and its Community Development Authority, Fuchs said.That's crucial because the authority helped finance … [Read more...] about Bayshore Town Center’s ownership change in Glendale comes amid retail turmoil
Cochran, Cochran & Yale LLC recently underwent an ownership change, with company president Shawn Baker purchasing the firm from his father, Gary. Brighton-based Cochran, Cochran & Yale specializes in executive search and management consultation, priding itself on finding the right person to fill top-slot positions for clients. Shawn Baker's focus will be expanding the company's footprint, both ... … [Read more...] about Cochran, Cochran & Yale eyes growth after ownership change
ATLANTIC CITY, N.J. (AP) — A New York hedge fund that lent money to Atlantic City’s Ocean Resort Casino is assuming ownership of it.Luxor Capital Group was identified as the new owner in a press release Monday from the casino. The company, which is not related to the Luxor casino in Las Vegas, will take over the ownership interest of Bruce Deifik and his family.Luxor Capitol will assume control once it receives interim authority to own a casino. Until it gets that approval, which could come within three to four months, a trust will be created for the casino's temporary ownership.Once Luxor Capital completes a promised $70 million investment into the property, a trustee will be appointed to oversee the trust until the company is deemed suitable to hold a casino license in New Jersey.Ocean Resort Casino in Atlantic City gets new owners after just 6 monthsThe casino-hotel plans to operate normally during the transition. The ownership change comes less than seven months after … [Read more...] about Does surprise ownership change at Ocean Resort Casino in Atlantic City signal trouble for lagging former Revel?
Home HomeNewsEducationHealthTechManufacturing & LogisticsLife SciencesAg INnovationINPower INnovatorsBigWigs & New GigsVideoPurchase Gerry DickGerry's ViewSpeaking Engagement RequestSubscribeNewslettersPODCASTAppRSSOn-AirTV & Radio Listings ContactAbout IIBMeet the TeamContact UsWork at IIBFlagship Stations Studio Science Details Ownership Change, Expansion Posted: Tuesday, March 26, 2019 7:11 PM EDTUpdated: Wednesday, March 27, 2019 8:31 AM EDTBy Alex Brown, Multimedia [email protected] Pruden was named CEO of Studio Science in May 2018. INDIANAPOLIS - Indianapolis-based Studio Science is under new ownership. The design and innovation consultancy says it has transferred ownership from founder Kristian Anderson to a group of investors led by current Chief Executive Officer Steve Pruden.Following the transition, Studio Science says Pruden will continue to manage the day-to-day operations of the company from its headquarters on … [Read more...] about Studio Science Details Ownership Change, Expansion