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Opting out of wedding insurance can cause financial disaster
The decision to close the Craftwood Inn in Manitou Springs has had a serious impact on those who put down thousands of dollars to get married and hold their reception there. Saskia Kesners and her fiancee had been planning and saving for their dream ...
Read more on KOAA.com Colorado Springs and Pueblo News
How Much Don't You Know About Your Financial Adviser?
Financial Advisor listening to a couple Getty Images When you hire a financial professional, it's natural that you'd want to know that the person you're entrusting with your hard-earned money is solid and reputable. But how much do you really need to ...
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Springfield in 'financial emergency' // DOCUMENT
SPRINGFIELD — Springfield is in a state of financial emergency and new property taxes may be the only way out, Mayor Ralph Hammond said Friday. The City Commission will meet Monday to discuss creating its first-ever property tax. Springfield ...
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Trading firm Virtu Financial plans to raise up to 0 million in IPO
NEW YORK (Reuters) - Trading firm Virtu Financial Inc, which posted only one day of trading losses over the five years ended 2013, plans to raise up to $ 100 million in an initial public offering, the company said in a regulatory filing on Monday. Virtu ...
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Chicago, IL (PRWEB) March 13, 2014
Ziegler, a specialty investment bank, is pleased to announce the successful closing of the $ 68,950,000 tax-exempt, fixed-rate bonds (the Series 2014 Bonds) for East Ridge Retirement Village (the Obligor). The Obligor is a Florida not-for-profit corporation that owns and operates a lifecare, entrance-fee based continuing care retirement community (CCRC) on a 76-acre campus in the town of Cutler Bay, Florida, south of Miami, known as East Ridge at Cutler Bay (the Community). The Community was constructed in 1965 and currently consists of 221 independent living units (ILUs), 57 assisted-living units (ALUs), and 60 skilled nursing beds.
In 2008, the Obligor became controlled by SantaFe Senior Living, Inc. (SFSL), a not-for-profit corporation based in Gainesville, Florida. SFSL is an affiliate of SantaFe Healthcare, Inc. (SFHC), also a not-for-profit corporation based in Gainesville. SFSL owns and operates three CCRCs in Florida. In addition to the Obligor, SFSL owns North Florida Retirement Village, Inc. d/b/a The Village in Gainesville and Bonita Springs Retirement Village, Inc. d/b/a The Terraces at Bonita Springs in Bonita Springs.
The Obligor initiated planning activities in 2007 to define a plan for the repositioning of the Community consisting of two phases. The first phase consists of the construction and equipping of 90 new assisted living units, 31 new memory support units, and 74 new skilled nursing beds to replace the existing assisted living and skilled nursing units (the Project). Greystone serves as development consultant for the project. The Project will be constructed on approximately 20 acres on the campus where 27 vacant ILUs are currently located.
Proceeds of the Series 2014 Bonds will be used to fund the Project, reimburse the Obligor for prior capital expenditures, reimburse SFSL for predevelopment related expenses, provide 25 months of capitalized interest, establish a debt service reserve fund and pay the costs of issuance. Fitch Ratings has assigned a rating of BB Stable to the Series 2014 Bonds.
Ziegler assisted with the affiliation of the Obligor and SFSL in 2008 and recognized the potential of the Community with a hands on owner such as SFSL. A very attractive 76-acre campus only 20 miles south of downtown Miami serves SFSLs focused growth needs exceptionally well. The ability to reposition the aging heath care assets of the Community will provide a level of service and value never before seen in the Miami-Dade County market, stated Rich Scanlon, Managing Director is Zieglers Senior Living practice.
Ziegler is one of the nations leading underwriters of financing for not-for-profit senior living providers. Ziegler offers creative, tailored solutions to its senior living clientele, including investment banking, financial risk management, merger and acquisition services, investment management, seed capital, FHA/HUD, capital and strategic planning as well as senior living research, education, and communication.
For further information on the structure and use of this issue, please see the Official Statement located on the Electronic Municipal Market Access system's Document Archive.
For more information about Ziegler, please visit us at http://www.Ziegler.com.
Since 1902, Ziegler has grown to become a full-service, specialty investment bank and broker-dealer. Ziegler provides its clients with capital raising, strategic advisory services, equity and fixed income sales & trading, wealth management, and research. Specializing in the healthcare, senior living, education, and religion sectors, Ziegler is committed to advancing the health, wealth and well-being of our clients.
Certain comments in this news release represent forward-looking statements made pursuant to the provisions of the Private Securities Litigation Reform Act of 1995. This clients experience may not be representative of the experience of other clients, nor is it indicative of future performance or success.
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Alexandria, Virginia (PRWEB) March 10, 2014
LynxFit by Byte an Atom Research, Inc., a company with the aim of evolving how we think about fitness software, has launched their fitness exercise application on Google Glass. LynxFit is the first health and fitness experience built from the ground up for Google Glass. Right out of the box, LynxFit gives users a growing netflix-style library of fitness content and extends to other platforms like Google Chromecast and sensors of a wearable computer. The company has a vision of leveraging innovative technologies to enable healthy lifestyles.
Having Google Glass act as a personal coach while you train could change how we get fit, said Stephen X. Graham, Managing Principal, Crosshill Financial. We have been very impressed with the teams vision, speed and laser focused execution on building a fitness experience for wearable computers. We are excited to be part of the LynxFit journey.
LynxFit launches as a featured app on Googles MyGlass with fitness glassware that provides video based instructional and gamified content aided by the hardware sensors available on Google Glass. The software provides vocal and visual motivation such as logging your activity and pushing you along as you workout to a variety of fitness content provided by Byte an Atom Research content partners from around the world. Premiering in early June 2013 as a proof of concept, the glassware received critical acclaim from Fox Business News, Mashable, Forbes, Geek.com, NBC News and great reviews from Glass explorers testing the app. With the simple premise of Subscribe, Schedule, Start a Workout, and Share, LynxFit gives its users a better way to workout without the hassles of a second screen while keeping the user on track to a healthy life.
This is just the beginning, we have an active community of users getting healthy with our product every day, they are challenging each other and giving us feedback. We plan on expanding our library of fitness content so that youre never bored. said Noble Ackerson, CEO, Byte an Atom Research. Given the sleek nature of Google Glass, were able to deliver this content to our users right when they want it, giving them a community that will motivate them to hit pace, intensity and endurance goals on their journey to a healthy life.
LynxFit delivers a total, fun and motivational fitness experience to our audience. As we guide our users towards their goals we can also deliver useful metrics for our partners to improve their content, noted Cecilia Abadie, CTO, Byte an Atom Research. For the first time, our partners can fine tune their content offerings to fit the ever growing audience spending billions of dollars each year on fitness related software solutions.
LynxFits aim is also to continue to leverage leading edge technology and innovations to fulfill the mission of guiding everyone on a path to a healthier life. After recently launching LynxCast, the first Glass to Chromecast experience for fitness which links LynxFit on Glass to a Chromecast-connected TV
"So now, armed with the sensors in your Google Glass device, we deliver interactive gamified fitness content on the big screen TV for you to enjoy by yourself or to challenge your friends," said Mauro Canziani, Chief Architect at Byte an Atom Research. "Imagine playing a game like Super Mario Brothers from Mario's perspective on your TV while using the motion tracking functionality in Glass. We want to deliver an experience where you go through a 30-day fitness program of choice, while you jump, dodge, duck, and high-knee run in place in your living room, out in the park, or in your hotel room."
For more information and on-going updates, please visit http://www.lynxfit.com.
LynxFit is available now on MyGlass. Load it up and ok glass, Start a Workout.
Samba Capital financial adviser, lead manager for Saudi Cargo's IPO
Saudi Airlines Cargo Company (Saudi Cargo), a Saudi subsidiary of Saudi Arabian Airlines, has entered into an agreement with Samba Capital & Investment Management Company (Samba Capital), the investment arm of Samba Financial Group, to act as ...
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Financial Times publishes in-depth story on Carl Cole, massive fraud
The international business newspaper Financial Times has published a lengthy article on Carl Cole, the Bakersfield real estate broker headed to prison for his part in a massive mortgage fraud. Cole, his business partner David Crisp and a dozen others ...
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New Reports On Big Day Out's Financial Dilemma Surface
Big Day Out was 165,000 attendees short of turning a profit in 2014, a report from Fairfax has claimed today, as further details of the festival's financial struggle continue to surface. In today's article it is suggested that the festival needed 300 ...
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HP Revises Autonomy Financial Reports, Citing Accounting Errors
Hewlett-Packard has disclosed to the authorities that it found what it said were serious accounting errors at Autonomy, the British software maker it acquired in 2011, leading to a number of major revisions in the acquired company's financial report ...
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HC Securities and Investment acts as financial adviser in EGP3bn acquisition ...
HC Securities and Investment is currently working as the financial adviser in two acquisition deals in “heavy industries”, with a total value of EGP 3bn during the first quarter of 2014, according Hussein Shokry, HC's chairman and managing director ...
Read more on Daily News Egypt