Marketplace Home Mortgage Announces Its Strategic Acquisition
EDINA, Minn., Dec. 18, 2018 /PRNewswire/ -- Marketplace Home Mortgage, an established leader in the mortgage industry, announced today its strategic acquisition by Tustin, California-based New American Funding.
From Law to Lashes – Prominent Chicago Attorney Begins Second Career in Lash Extensions
CANONSBURG, Pa.--(BUSINESS WIRE)-- Deka Lash, the experts in eyelashes, announced today the opening of their newest studio in the Chicago area. The studio located in Deer Park is o
AEG Community Foundation Awards Playworks An Additional $25,000 Grant
LOS ANGELES--(BUSINESS WIRE)-- AEG, the world’s leading sports and live entertainment company, today announced that Playworks, a national nonprofit that supports learning and physi
Perspecta Closes Loan Repricing at Reduced Interest Rate with No Increase in Borrowing
CHANTILLY, Va., Dec. 18, 2018 /PRNewswire/ -- Perspecta Inc. (NYSE: PRSP), a leading U.S. government services provider, today announced that on Dec. 12, 2018, that it successfully closed the first amendment to its credit agreement dated as of May 31, 2018. The amendment includes a 25 basis point reduction in the interest rate applicable to the company's drawn $2.530 billion Pro Rata Facilities ($600 million Revolving Facility and $1.930 billion Term Loan A Facilities), and a 5 basis point reduction in the interest rate applicable to the company's unused commitment fee with respect to the Revolving Credit Facility, with no increase in any borrowing. The interest rate applicable for the company's Term Loan B Facility remains unchanged. Further information can be found in the company's current report on Form 8-K and the exhibits thereto filed with the Securities Exchange Commission on Dec. 18, 2018. About Perspecta Inc. At Perspecta (NYSE: PRSP), we question, we seek and we solve. Perspecta brings a diverse set of capabilities to our U.S. government customers in defense, intelligence, civilian, health care and state and local markets. Our 260+ issued, licensed and pending patents are more than just pieces of paper, they tell the story of our innovation. With offerings in mission services, digital transformation and enterprise operations, our team of 14,000 engineers, analysts, investigators and architects work tirelessly to not only execute the mission, but build and support the backbone that enables it. Perspecta was formed to take on big challenges. We are an engine for growth and success and we enable our customers to build a better nation. For more information about Perspecta, visit perspecta.com. This press release may contain forward-looking statements. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Perspecta and are subject to significant risks and uncertainty. Readers are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Perspecta undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Perspecta believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve a variety of risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. View original content to download multimedia:http://www.prnewswire.com/news-releases/perspecta-closes-loan-repricing-at-reduced-interest-rate-with-no-increase-in-borrowing-300768482.html SOURCE Perspecta Inc.
Curio Collection by Hilton Celebrates Monumental Year of Global Growth
MCLEAN, Va.--(BUSINESS WIRE)-- From resorts in the Caribbean to unique hotels in booming destinations, such as Reykjavik, Iceland, Asheville, North Carolina and Xiamen, China, Curi
The Big Chill: Vacasa Releases New Report on the Top U.S. Winter Markets to Buy a Vacation Home
PORTLAND, Ore.--(BUSINESS WIRE)-- Vacasa, the largest vacation rental property management company in North America, has released a new report outlining the Top U.S. Winter Markets
University of California South Coast REC Evaluating Village Nurseries Plants for Low Water Use Performance
ORANGE, Calif.--(BUSINESS WIRE)-- As California’s five-year drought continues, the need for low-water-use plants becomes increasingly vital for landscape architects and designers.
Bear Real Estate Advisors Represents Capital Square 1031 in Acquisition of Class A Headquarters Office Building Near Charlotte, N.C.
CHARLOTTE, N.C., Dec. 18, 2018 /PRNewswire/ -- Bear Real Estate Advisors announced today that the real estate investment services firm represented Capital Square 1031 in its acquisition of an approximately 150,000-square-foot, Class A corporate headquarters office building located in the Charlotte, North Carolina suburb of Fort Mill, South Carolina. The property will be offered as an investment by Capital Square, a leading national real estate investment sponsor. Located at 8106 Calvin Hall Road, the three-story facility is 100 percent leased to CompuCom Systems Inc. on a triple net basis, with 14 years remaining on the 15-year lease. The property is situated on approximately 19 acres of land. CompuCom is a wholly-owned subsidiary of Office Depot Inc., and provides end-to-end managed services, technology and consulting to enable the digital workplace for enterprise, midsize and small businesses. "This is a well-located building with an award-winning, state-of-the-art design that features a complete package of amenities to meet the needs of its high quality tenant," said Matt Bear, founder and chief executive officer of Bear Real Estate Advisors. "This transaction is an outstanding example of Bear Real Estate Advisors' ability to wade through the sea of options out there to locate the best investment property for our clients, and to advocate on their behalf to meet their investment goals." CompuCom's clients include six of the top 10 Fortune 500 companies, seven of the top 10 retailers in North America and six of the top 10 financial services firms. CompuCom, which has 11,000 associates and more than 100,000 certifications, manages and supports more than 5 million end users, 8 million service desk contacts, 1 million mobile devices, 6.4 million stationary devices and 2.4 million network devices. "Matt Bear has once again sourced an exceptional investment property for our firm, with this acquisition marking the third from the Bear Real Estate Advisors team in 2018," said Louis Rogers, founder and chief executive officer of Capital Square 1031. "We couldn't be more pleased as we add this very modern, well-located digital campus property to our national portfolio." CompuCom houses its proprietary Internet of Things system at the property, that connects, automates and controls all electric systems and devices within the building. The company reports in its digital campus case study, that the operating efficiencies of its digital campus allow it to operate at approximately 16 percent less expense than their previous headquarters. The company was named the 2018 Leader by Gartner Magic Quadrant Managed Workplace Services, North America; 2018 #1 End-User Device by Gartner Critical Capabilities, Managed Workplace Services, North America; and a 2018 Top 50 Best Workplace by the Silicon Review. About Bear Real Estate AdvisorsBear Real Estate Advisors, founded in 2018 and headquartered in Las Vegas, is a boutique real estate investment services firm that caters to investors looking for personalized service and real world, battle-tested acquisition and disposition advice. The firm focuses on Section 1031 exchange buyer representation, national single-tenant investment sales and acquisitions, net lease investments, joint venture advisory, capital structure advisory, build-to-suit developments, debt/equity, specialized search and family office/professional investor buyside representation. For more information, go to www.bear-advisors.com. ContactLauren BurgosSpotlight Marketing Communications949.email@example.com View original content to download multimedia:http://www.prnewswire.com/news-releases/bear-real-estate-advisors-represents-capital-square-1031-in-acquisition-of-class-a-headquarters-office-building-near-charlotte-nc-300768256.html SOURCE Bear Real Estate Advisors
DON’T EAT US! Tired of Running, Gingerbread People Issue Holiday Plea for Sweet Alternative
WINSTON-SALEM, N.C.--(BUSINESS WIRE)-- Krispy Kreme Doughnut Corporation:
New homes, expanded care for Boyle seniors
BOYLE, AB, Dec. 14, 2018 /CNW/ - The governments of Canada and Alberta are making lives better for seniors in Boyle with the official opening of the new Wild Rose Assisted Living and Wild Rose Villa (Wild Rose) designated supportive living facility.
Presby’s Inspired Life Opens Low-Income Senior Housing Community in Southwest Philadelphia — Just in Time for the Holidays
LAFAYETTE HILL, Pa.--(BUSINESS WIRE)-- Last evening, Presby’s Inspired Life — along with local officials, such as State Representative Joanna McClinton, and residents — celebrated
A Precarious Existence: How Retirees Are Financially Faring in Retirement
LOS ANGELES, Dec. 18, 2018 /PRNewswire/ -- Fewer than half of retirees (46 percent) agree that they have built a large enough retirement nest egg, with only 16 percent "strongly" agreeing and 30 percent "somewhat" agreeing, according to a new survey by nonprofit Transamerica Center for Retirement Studies (TCRS). "Retirees' circumstances regarding when and how they retired exemplify common risks: employment issues, ill-health, and financial need. They offer a cautionary tale for those currently in the workforce on the importance of maintaining good health, financial planning, and competitive job skills," said Catherine Collinson, CEO and president of Transamerica Institute and TCRS. "Retirees' experiences also underscore the need for careful planning, including contingency plans if forced into retirement sooner than expected." A Precarious Existence: How Today's Retirees Are Financially Faring in Retirement provides detailed survey findings about their lives in retirement, financial situation, living arrangements, and plans for long-term care. Retirees are still relatively young at age 71 (median), healthy, and have a positive outlook on life. They are spending more time with family and friends (61 percent), pursuing hobbies (44 percent), traveling (39 percent), and engaging in a variety of other activities. Most are taking steps to protect their health (although they can do even more). Nevertheless, they are financially vulnerable. A Glimpse of Retirees' Financial Vulnerability "Many of today's retirees were forced into retirement before they were ready, which translates into fewer years earning income in the workforce â and more time in retirement," said Collinson. The survey finds that retirees are retiring at age 63 (median), with more than half (56 percent) indicating they retired sooner than they had planned. Among them, 54 percent cited employment-related reasons such as job loss, organizational changes, general unhappiness, and/or took an incentive or buyout. Forty-seven percent cited health and/or family-related reasons. Only 11 percent retired early because they had the financial ability to do so. Retirees are getting by financially for the time-being. However, the survey finds indicators of their vulnerability: Sixty-six percent of retirees indicate that Social Security will be their primary source of income over the course of their retirement. Those who are currently receiving benefits started at age 62 (median), which is the earliest age that most workers can claim benefits, albeit at a permanently reduced amount. Retirees have an annual household income of $32,000 (estimated median). Twenty-five percent have a household income of less than $25,000, while only 15 percent have an income of $100,000 or more. Many are still paying off household debt: Among the 45 percent of retirees who have non-mortgage debt (i.e., credit card debt, car loans, student loans, medical debt, etc.), the estimated median is $4,000. Among the 28 percent of retirees who have mortgage debt (including any equity loans or lines of credit), the estimated median is $52,000.Given the time they have remaining in retirement, they have saved relatively little: $75,000 (estimated median) in household savings including retirement savings (excluding home equity). Thirty-one percent have savings of less than $50,000, including nine percent who do not have any savings. Just 38 percent have savings of $100,000 or more. $79,000 (estimated median) in home equity. Forty-one percent have home equity of $100,000 or more. Twenty-two percent do not have any home equity."Retirees are already living within limited means and risk outliving their savings. How would they be able to cope with a financial shock such as long-term care expenses?" said Collinson. Retirees Can and Should Be Doing More to Prepare for Long-Term Care Many retirees are still relatively young; however, as they age their health will likely decline. In preparation, they should be planning for long-term care and formally documenting their wishes. Unfortunately, many have not done so: Only 45 percent of retirees are confident they will be able to afford long-term care, if needed, including 11 percent who are "very confident" and 34 percent who are "somewhat confident." Notably, only 12 percent have long-term care insurance. Forty-nine percent plan to rely on family and friends for long-term care in the event their health declines and they need help with daily activities and/or nursing care. Thirty percent plan to move to an assisted living community or nursing home. An alarming 24 percent do not have any plans for such care. When asked about the types of legal documents they have in place, a last will and testament (65 percent) is the most often cited, followed by power of attorney for healthcare or medical proxy (45 percent), and advance directives or living will (45 percent). Thirty-nine percent have a power of attorney to allow a designated individual to make financial decisions on their behalf. Fewer than two in five retirees have funeral and burial arrangements (36 percent), a HIPAA waiver (29 percent), or a trust (18 percent)."Retirees may find themselves needing long-term care but unable to afford it. The likely scenario is that they will call upon their adult children to serve as caregivers, who could be putting their own employment and future retirement at risk by taking on this responsibility. Retirees who lack adequate financial resources will also put added strain on Medicaid and other support services," said Collinson. Transamerica Institute's 2017 survey of caregivers outlines the risky situation faced by family caregivers. Lessons Learned: Insights for Future Generations of Retirees "Some retirees could have been better at saving during their working years, while others may have done everything right and still find themselves facing a savings shortfall. When they started their careers decades ago, the retirement landscape and planning-related assumptions were very different â and they will continue to evolve. Individuals now need to do more to prepare themselves," said Collinson. Retirees shared the following insights, which may be useful for today's workers in their preparations: Seventy-three percent of retirees agree they wish they would have saved more and on a consistent basis. Sixty-four percent wish they had been more knowledgeable about retirement saving and investing. Fifty percent feel they waited too long to concern themselves with saving and investing for retirement. Almost half (47 percent) indicate debt interfered with their ability to save as much as they needed for a comfortable retirement. On the other hand, two-thirds say they did as much as they could to prepare for retirement (67 percent). "As a nation, the United States is approaching critical crossroads and we need to be asking the right questions about how to prepare our aging population for retirement. What can we do to strengthen the retirement system to help ensure that all Americans can retire with dignity? Policymakers, industry, employers, academics, nonprofits, communities, individuals and families must join together to innovate solutions. The sooner we take steps to modernize our retirement system, the sooner we can achieve positive results," said Collinson. Please visit TCRS at www.transamericacenter.org to view the retirees study along with research reports and materials from the 18th Annual Retirement Survey. Follow TCRS on Twitter @TCRStudies. About Transamerica Center for Retirement Studies Transamerica Center for Retirement Studies® (TCRS) is a division of Transamerica Institute®, a nonprofit, private foundation. Transamerica Institute is funded by contributions from Transamerica Life Insurance Company and its affiliates and may receive funds from unaffiliated third parties. TCRS and its representatives cannot give ERISA, tax, investment or legal advice. This material is provided for informational purposes only and should not be construed as ERISA, tax, investment or legal advice. Interested parties must consult and rely solely upon their own independent advisors regarding their particular situation and the concepts presented here. For more information please visit www.transamericacenter.org and follow TCRS on Twitter at @TCRStudies. About the Survey The analysis contained in A Precarious Existence: How Today's Retirees Are Financially Faring in Retirement was prepared internally by the research team at TCRS. The online survey was conducted within the U.S. by The Harris Poll on behalf of TCRS between July 6 and 31, 2018 among a nationally representative sample of 2,043 self-identified retirees. Respondents met the following criteria: U.S. residents, age 50 or older, worked in a for-profit company employing five or more people for the majority of their career. Census data were referenced for education, age by gender, race/ethnicity, region, household income. Results were weighted where necessary to bring them into line with the population of U.S. residents age 50+ who are retired or semi-retired. The weighting also adjusts for attitudinal and behavioral differences between those who are online versus those who are not, those who join online panels versus those who do not, and those who respond to surveys versus those who do not. 11150612/18 Contact: Madeleine Reul firstname.lastname@example.org 952-346-6061 View original content to download multimedia:http://www.prnewswire.com/news-releases/a-precarious-existence-how-retirees-are-financially-faring-in-retirement-300767872.html SOURCE Transamerica Center for Retirement Studies
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