BlackSwan Zine

Emeritus Corporation (NYSE: ESC), a national provider of assisted living and Alzheimer’s care services to seniors, announced that it has entered into a joint venture (”Joint Venture”) agreement with Blackstone Real Estate Advisors VI, L.P. (”BREA”) and Columbia Pacific Advisors, (”Columbia Pacific”), an affiliate of the Chairman and Co-CEO of Emeritus, in connection with the [...]

Facebook Inc. on Thursday said it will build a 147,000-square-foot data center in Prineville, Ore. The project will cost $180 million.
It will be the first corporate-owned data center for the Palo Alto.-based company, the world’s largest social networking service with more than 350 million users.
The data center will be used to store and route information [...]

A new medical office building under construction adjacent to Mercy Gilbert Medical Center will bring four practices to Gilbert that specialize in surgical, oncology and radiation services.
Mercy Medical Commons will be a two-story, 48,000-square-foot facility southeast of the Val Vista Drive and Mercy Road intersection in Gilbert. Construction began late last month, and occupancy is [...]

It won’t be luxury living, but it will be pretty good for college students: Four-bedroom, four-bath, fully furnished apartments with washers, dryers and full kitchens in an 18-acre complex complete with a fitness center, mini-theater, conference and study rooms and a copy center to produce and bind those term papers.
It’ll be the University of New [...]

In a sign that financial institutions may be opening their wallets again or a sign that the long wait during the recession is being pushed by IT demand, Boston-based Fidelity Investments is planning to build a $100m datacenter in Garner, North Carolina. Garner is just outside of Raleigh. The planned 100,000-square-foot facility will provide [...]

Boston, Mass., Jan. 21, 2010…Love Funding today announced that its Boston office secured a $5,280,000 acquisition loan to finance the purchase of Fallbrook Woods in Portland, Maine. Leonard Lucas, First Vice President – Senior Loan Originator with the national mortgage-banking firm’s Boston office, originated the transaction.
Fallbrook Woods is a 56-unit assisted living/residential care facility built [...]

The City & County of Honolulu presents transit-oriented development (TOD) as housing, retail and other facilities within a half-mile radius of a transit station.
Benefits are obvious: Commuting workers walk to stations and leave cars at home; retailers gain consumers from the transit system; and students at some campuses will not have to worry about parking.
Other [...]

High-Profile Purchase of Manhattan Complex Collapses Under Debt Mountain

A group led by Tishman Speyer Properties has decided to give up the sprawling Peter Cooper Village and Stuyvesant Town apartment complex in Manhattan to its creditors in the collapse of one of the most high-profile deals of the real-estate boom.

Americans haven’t been fooled by the Dow’s rise. What they see ahead are more taxes
The December jobs report has doused the hope that we were at the beginning of a sustained economic recovery.
The unemployment rate managed to hold at 10% in December only because of an extraordinary shrinkage in the labor force: Some 661,000 gave [...]

The item still needs approval from the State Senate and Assembly, but film executives are confident the rebate program will pass.
New York film executives are breathing a sigh of relief today.
In the 2010 budget proposal released by Gov. Paterson Tuesday, he expanded the film tax credit to $420 million a year from $350 million and [...]