Reset Hotel, a new hotel coming to Twentynine Palms, a Palm Springs exurb adjacent to the North Entrance of Joshua Tree National Park, has started construction with $11.2 million in C-PACE financing from PACE Loan Group (PLG). Qualifying C-PACE improvements include plumbing, HVAC, electrical, lighting, building envelope, and seismic measures. The 30-year loan is combined with a $7.5 million first mortgage.

Located at 7000 Split Rock Ave., the project will use modular techniques to reduce the construction time by nearly half and is expected to open in early 2025. Once complete, the hotel will be managed by Sightline Hospitality, a manager of independent, soft-branded, and unique-branded hotels that was founded in 2019 and based in San Francisco.

“Given the lack of high-quality, experiential lodging options near Joshua Tree National Park, we believe the C-PACE investment will support the sponsor’s vision for a unique new amenity to the area,” said Rafi Golberstein, CEO of PLG. Jacob Roth, VP at PLG, provided underwriting expertise on the loan.

“Given the location near Joshua Tree, our team knew that having a C-PACE component both demonstrates our commitment to the environment and strong financial stewardship,” said Adam Wininger, one of the developers of the project. “PACE Loan Group was a pleasure to work with, providing a clear and uncomplicated path to closing.”

PACE Loan Group’s Matthew McCormack will be among the experts taking the stage at Connect Investment & Finance 2023 on Oct. 24 at the Hyatt Regency O’Hare in Rosemont, IL. Click here to register.

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The news of Jaren Holmes’ departure from the St. Bonaventure men’s basketball team came late Friday night, and a day later, the guard confirmed he will enter the transfer portal after three seasons with the Bonnies.

The program didn’t waste time finding a replacement, though. Guard Daryl Banks III announced Sunday he will transfer to Bona after three seasons at Saint Peter’s. And Monday, Marcus Hammond ended more than a month of speculation as to his next destination, when the former Niagara guard announced he would join Notre Dame as a graduate transfer.

The St. Bonaventure men’s basketball team picked up a shooting guard through the transfer po…

The moves were part of a busy stretch for transfers to leave or join Big 4 men’s and women’s basketball programs, and expect a flurry of last-minute movement this week because the deadline for athletes in fall and winter sports to enter the transfer portal without having to sit out a season, unless they are granted a waiver that provides immediate eligibility, is Sunday.

In all, at least 20 players from Big 4 men’s teams and at least 10 players from Big 4 women’s teams have entered the portal as of 8 pm Monday, either confirming their transfer or having it reported by various outlets. Additionally, at least 13 men and two women from Big 4 programs have yet to announce their next destinations.

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According to Stadium, more than 1,250 men’s basketball players who were on scholarship this past season are in the transfer portal.

The NCAA on Monday released a dashboard that displays Division I transfer portal data for the 2019-20 and 2020-21 academic years. Of the 1,692 men’s basketball players who entered the portal in 2020-21, 63% transferred to NCAA schools.

According to The Athletic, as of April 12, 1,143 women’s basketball players were in the transfer portal following the 2021-22 season.

According to NCAA data, of the 1,134 women’s basketball players who entered the portal in 2020-21, 63% transferred to NCAA schools.

Here’s a look at some of the recent movement – and moves that could come soon – among Big 4 men’s and women’s basketball players who have entered the transfer portal or have joined Big 4 schools.

New UB women’s coach Becky Burke continues to fill a roster that was depleted by transfers out of the school with incoming players, including Kiara Johnson, a 6-foot-2 forward from Tonawanda who is a Cardinal O’Hara graduate. UB announced Johnson’s transfer Monday.

She was a second-team All-Western New York selection in 2018, played for two seasons at Eastern Michigan and for one season at Towson, but did not play last season. Johnson averaged 4.0 points and 4.4 rebounds in 76 games in three seasons with Eastern Michigan and Towson.

Dyaisha Fair entered the transfer portal March 28, but has not yet announced her transfer destination. Fair, a guard who was fourth in the nation in scoring last season (23.4 points per game), recently posted on her social media accounts that she has visited Baylor and South Carolina, the defending national champion.

Three women’s players — guard Georgia Woolley, forward Saniaa Wilson and guard Cheyenne McEvans — have followed former UB coach Felicia Legette-Jack to Syracuse.

On the men’s side, Tra’Von Fagan, a forward who played for UB for the last four seasons, will transfer to UMBC, according to CBSSports.com.

Canisius is dipping into the portal and the junior-college ranks to replenish its lineup, after five players from the 2021-22 roster entered the transfer portal.

The Griffs added Tre Dinkins on Sunday. The 6-foot-2 guard, averaged 15.1 points, 3.2 rebounds and 2.7 assists in 34 games this season for Harcum College in Bryn Mawr, Pa. He joins Jamir Moultrie, a 6-1 guard from Kennesaw State, and Sarion McGee, a 6-8 forward who has played at Grambling and Logan CC in Carterville, Ill.

Of the five who entered the portal, two will head to new programs: Malek Green will enroll at Youngstown State, and, according to multiple reports, Armon Harried will transfer to Binghamton.

Hammond is among five Purple Eagles who have entered the portal, and is the second to announce his transfer choice. Guard Raheem Solomon has announced his transfer to Sacred Heart.

Niagara has added Keith Kiner, a 6-6 junior college forward from Three Rivers Junior College in Missouri.

Banks’ transfer to Bona came two days after Moses Flowers, a guard from Hartford, announced he would join the Bonnies as a transfer.

Banks averaged 11.3 points and 2.6 rebounds in 34 games at Saint Peter’s this season, but drew plenty of attention in the NCAA Tournament. In the Peacocks’ 85-79 first-round upset of Kentucky, the 6-foot-3 guard scored 27 points. He averaged 13.5 points in four tournament games.

Quadry Adams confirmed Monday he has entered the portal. Stadium.com reported that Abdoul-Karim Coulibaly, who played one season for the Bonnies, will transfer to UMass-Lowell.

Big 4 movement in the transfer portal

Includes players who have confirmed their transfer portal entries or transfers, or those that have been reported

Entered portal/new school

David Skogman, F/C, Davidson

Transfer ring in/previous school

Kanye Jones, G, Boston College

Canisius

Entered portal/new school

Malek Green, F, Youngstown State

Armon Harried, G, Binghamton

Transfer ring in/previous school

Jamir Moultrie, G, Kennesaw State

Entered portal/new school

Raheem Solomon, G, Sacred Heart

Marcus Hammond, G, Notre Dame

St Bonaventure

Entered portal/new school

Abdoul Karim-Coulibaly, F, UMass-Lowell

Transfer ring in/previous school

Moses Flowers, G, Hartford

Daryl Banks III, G, Saint Peter’s

Entered portal/new school

Loren Christie, F, San Francisco

Saniaa Wilson, F, Syracuse

Georgia Woolley, G, Syracuse

Cheyenne McEvans, G, Syracuse

Adebola Adeyeye, F, Kentucky

Transfer ring in/previous school

Latrice Perkins, G, College of Charleston

Chellia Watson, G, USC Upstate

Re’Shawna Stone, G, Glenville State

Zakiyah Winfield, G, Glenville State

Kiara Johnson, F, Towson/Eastern Michigan

Canisius

Transfer ring in/previous school

Jane McCauley*, G, Vermont

Giana Hernandez-Bouldon*, G, West Virginia/Rhode Island

*mid-year transfers

Entered portal/new school

Kyra Grimshaw, F/G, Newman

St Bonaventure

Entered portal/new school

Asianae Johnson, G, Mississippi State

Ene Adams, F, New Mexico State

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Coronavirus pandemic driving home buyers out of the Bay Area

Redfin reports this week that a quarter (24.5%) of home sellers in the San Francisco area cut their list prices in the four weeks leading up to August 2020, the highest percentage since at least 2015.

That is more than double the year-over-year rate and marks the largest annual increase in the share of active listings with price drops among the 50 most populous US metropolitan areas.

The rate of price drop in San Francisco was steady at over 24% in late summer and was 24.1% in the final period of the Redfin data – the four weeks ending August 23, 2020.

San Francisco was one of only 11 of the 50 largest metropolitan areas where the proportion of listings that drove down prices rose, up from 11.4% last year to 24.1%. Chicago, Philadelphia, and New York were among the ten other places where price drops rose year over year in the four weeks ended August 23.

“San Francisco buyers want fire sale deals, and they won’t settle until they find them. You’re in no rush because there’s so much uncertainty right now – if the price isn’t right, they can just rent a Lake Tahoe home for a year until their employer gives concrete advice whether or when they have to go back to the office, “said local Redfin agent Carlos Barrientos. “I see a lot of buyers making lowball offers that are initially turned down but are called back a few weeks later by the sellers saying they are ready to bring the price down.”

High-rise condos and smaller, dated homes – where a home office can be inconvenient or difficult to set up – are the types of property that prices are most likely to fall, Barrientos added.

San Francisco’s housing market has weakened during the coronavirus pandemic as its residents fled the dense, expensive city to find more space to make remote working and homeschooling more viable. In the second quarter, 22.7% of Redfin.com users searching from the San Francisco area wanted to move – compared to 21% last year and the second-highest proportion of all locations analyzed by Redfin (after New York only).

As a result of that shift, the number of homes in the San Francisco market increased 75% year over year in the four weeks ended August 23, forcing sellers to drop prices and giving buyers the upper hand. The median sales price for properties sold during the reporting period rose 6.6% year over year to $ 1.5 million, but was well below the 11.4% nationwide increase. It’s worth noting that the proportion of homes with price drops is a leading indicator, so the trend would likely not carry over to the median selling price until those homes find buyers and close their sales over the next several months.

“It might not happen right away, but we’ll likely see house prices in San Francisco fall at some point,” said Redfin chief economist Daryl Fairweather. “It’s clear that many homeowners feel that San Francisco is past its peak and that it’s better to sell sooner than later. Of course, the future of home prices largely depends on whether people return to the office or for that.” Companies work remotely. ” long term. “

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The post San Francisco Dwelling Sellers Dropping Costs at Document Tempo Mid-2020 appeared first on DAILY SAN FRANCISCO BAY NEWS.

PACE Supply goes beyond supplying plumbing companies with the acquisition of three Northern California companies.

The Rohnert Park-based company, which until then had 25 locations in California and Hawaii, acquired JW Wood Co. Inc., Northern Industrial Sales and All Air Supply effective January 1. The financial terms of the deal were not disclosed in the announcement Tuesday.

“Part of PACE Supply’s strategy is to expand our capabilities and expand our geographic presence,” said President Keith Hubbard in the press release. “JW Wood is a testament to their passionate people and has built a reputation for excellent customer service. It fits in perfectly with our organization. We are honored to have their family members in our family and we look forward to serving our customers. “

The deal includes four locations in California: Redding, Chico, Susanville and Yuba City. The first two have sanitary showrooms.

JW Wood, a family business founded in 1954, provides plumbing, HVAC, irrigation, and industrial services in northern California and southern Oregon.

“My brother Kellie and I were fortunate enough to learn the wholesale plumbing business from one of the best, our father Wes Wood, the founder of JW Wood,” said former President John Wood. “We worked for JW Wood when we were young. When it came time to retire, our focus was on finding a buyer who would be a good fit with our family, employees, customers, and the communities we have served for the past 67 years. PACE Supply is that company. “

Brad Williams of Beringer Group represented JW Wood on the transaction.

Pace Supply was founded in 1994 and is employee owned. Prior to this deal, it had 20 wholesale locations and four Premier Bath & Kitchen showrooms.

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