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☆ The growing number of distressed office buildings reflects a recognition by owners and lenders that the robust return to office they had hoped for isn't likely to materialize
▼ + stars: | 2023-02-22 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +5 min

Office owners like Brookfield, RXR, and Related are in the process of defaulting on office loans. Some of real estate's biggest names have defaulted on their office debt in recent weeks. The delinquency rate for office loans is only 1.83% now, according to Trepp, a firm that researches real-estate debt. Loans come dueOver this year and next year, 24% of commercial real estate loans will be coming due, many of them office loans, per Hendry. Office buildings, from the newest and shiniest Class A towers to the older and less-sexy Class B buildings, were a pretty safe investment, as long as they were in the right locales.

☆ How to Clean a Leather Purse, According to Experts
▼ + stars: | 2022-12-06 | by ( ) www.wsj.com time to read: +5 min

These are the ones to use on the majority of leather types (excluding nubuck, patent leather, and suede). His go-to is Leather Master Leather Care Bundle, a three-step process of cleaning, conditioning and protecting; it entails applying the formulas with a foam sponge or lint-free cloth, allowing each coat to dry before the next. Additionally, when used in conjunction with a leather polish, there wasn’t any difference from using the polish on its own. In fact, because these methods required getting the leather somewhat damp, the results often led to leather that dried with a rumpled texture—one reason experts strongly caution against saturating leather. To prevent future blemishes, store your leather bag on a shelf in a cool, dry place.

☆ A grandmother accidentally texted a stranger to make Thanksgiving plans. 7 years on, they’re still celebrating together.
▼ + stars: | 2022-11-23 | by ( Becca Wood | ) www.nbcnews.com time to read: +3 min

On Tuesday, Nov. 22, Jamal Hinton shared a photo standing beside Wanda Dench outside The Cheesecake Factory restaurant, revealing the two are carrying on their viral tradition. In 2016, Dench accidentally sent a text to Hinton, telling the then 17-year-old that Thanksgiving dinner was at her house on Nov. 24 at 3 p.m. When the teen asked who sent him the message, Dench replied, “Your grandma,” with an elderly woman emoji. Hinton wrote back, asking for a photo to prove that the number really belonged to his grandmother. However, that year was different as Dench’s husband, Lonnie, died earlier that spring due to complications from Covid-19.

☆ NBA roundup: Kyrie Irving returns, helps Nets top Grizzlies
▼ + stars: | 2022-11-21 | by ( ) www.reuters.com time to read: +7 min

Dillon Brooks led all scorers with 31 points but shot 13 of 30 as the Grizzlies saw their seven-game winning streak over Brooklyn halted. John Konchar added 16 while Steven Adams contributed 15 and 10 rebounds as the Grizzlies shot 43.4 percent. Bruce Brown scored 12 points and DeAndre Jordan had 17 rebounds for the short-handed Nuggets. Six Cavs scored at least 11 points with Lamar Stevens posting 11 and Evan Mobley recording a double-double of 15 and 10 rebounds. KJ Martin scored 12 points off the bench.

☆ NBA roundup: Joel Embiid nets career-high 59 in Sixers' win
▼ + stars: | 2022-11-14 | by ( ) www.reuters.com time to read: +6 min

Lauri Markkanen had a quiet night with 15 points and 10 rebounds, while Collin Sexton scored 15, Kelly Olynyk chipped in with 14 points and Jarred Vanderbilt added nine points and 10 rebounds. Russell posted a season-high 30 points and a game-high 12 assists, while Towns (29 points, 13 rebounds) and Gobert (15 points, 13 rebounds) also played vital roles. Andre Drummond posted a double-double of 13 points and 11 rebounds, while Patrick Williams (15 points) and Goran Dragic (11) also scored in double figures. Kevin Huerter scored 17 points and Malik Monk added 12 as the Kings won their third consecutive game. Stephen Curry scored 27 points and Andrew Wiggins had 26 for Golden State, which dropped to 0-7 on the road.

With the defendant's no contest plea, Los Angeles authorities closed the case on the 2011 murders of a teenage girl and a young woman that once sparked fears of an Eastside serial killer. The first was when investigators zeroed in on serial killer Lonnie Franklin Jr., known as the Grim Sleeper, in 2010. A search of familial DNA turned up a near-match for evidence collected from the Eastside victims' bodies, Beck said in 2017. The Los Angeles County coroner's office said Lozano had been strangled and Guzman, whose body was badly decomposed, sustained unspecified neck trauma. Beck said his department's DNA database search turned up no other open-case matches for Borjas.

☆ NBA roundup: LeBron James, Anthony Davis lead Lakers to first win
▼ + stars: | 2022-10-31 | by ( ) www.reuters.com time to read: +6 min

Rookie Jaden Ivey added 15 points in the Pistons' first win since opening night. Stephen Curry topped Golden State with 32 points and Jordan Poole had 30 points. Doncic recorded his sixth consecutive outing of at least 30 points after making 17 of 26 shots from the floor. The Spurs were up by 15 points heading into the fourth quarter before Minnesota pulled to within three early in the period. Keita Bates-Diop scored 18 points for San Antonio, while Tre Jones hit for 10 and Jakob Poeltl grabbed a game-high 14 rebounds.

☆ NBA roundup: Zion Williamson injured in Pelicans' OT loss to Jazz
▼ + stars: | 2022-10-24 | by ( ) www.reuters.com time to read: +5 min

CJ McCollum had 28 points and 12 assists to lead the Pelicans, who overcame a 17-point fourth-quarter deficit to force the extra period despite losing Brandon Ingram and Zion Williamson to injury. James had 31 points, eight rebounds and eight assists, Anthony Davis had 22 points and 10 rebounds and Lonnie Walker IV scored 15 points for the Lakers. Rudy Gobert added 15 points and 15 rebounds for Minnesota, while Karl-Anthony Towns also scored 15. Jeremiah Robinson-Earl added 15 points. Curry had six 3-pointers to account for a majority of his 28 points in the first two periods, contributing to the 89 first-half points, which were the fifth-most in NBA history.

☆ 'Descendant' and 'The Rebellious Life of Mrs. Rosa Parks' review: Two documentaries provide new windows into chapters in Black history
▼ + stars: | 2022-10-19 | by ( Review Brian Lowry | ) edition.cnn.com time to read: +3 min

CNN —Two powerful documentaries explore different aspects of Black history this week, in each case shedding light on misrepresented or under-covered chapters. Presented by Barack Obama’s company under its Netflix deal, “Descendant” examines the discovery of a long-sunk ship that brought enslaved Africans to Alabama, while “The Rebellious Life of Mrs. Rosa Parks” reclaims a figure whose legacy was too often characterized as the product of tired feet. Rosa Parks” highlights the selflessness of its subject and seeks to provide a detailed portrait of a woman who, through the vagaries of history, was frequently reduced to a symbol. Parks, rather, wanted – indeed devoted her life to fighting for – justice and equality. “The Rebellious Life of Mrs. Rosa Parks” premieres October 19 on Peacock.

☆ Blackstone, Apollo brace for deteriorating commercial real estate market that one analyst says could lose 30% of its value
▼ + stars: | 2022-09-29 | by ( Kelsey Neubauer | Alex Nicoll | ) www.businessinsider.com time to read: +8 min

Year-over-year price growth has already slowed for commercial properties, signaling souring outlooks that could reduce values by 20 to 30%, the strategists wrote in a report. Executives at the Bisnow event pointed to high rents on multifamily properties, though growth is softening. Yardi"If this doesn't clear the market, then I don't know what does," Marcus said of her multifamily properties, which she described as large and relatively new. Andrew Holm, a cohead of US investments at Ares, the owner of more than $50 billion in commercial real estate, is hunkered down for the long haul, however. At the Bisnow event, he was so bearish on commercial real estate that he struggled to name a single sector that might be attractive over the next six months.

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