Binary News Network

Tag: market

  • Northgate Market Files Lawsuit Seeking to Block Workforce Multifamily Housing Development in The City of Riverside in the Midst of a Housing Crisis

    United states — Recent legal action filed by family-owned Hispanic supermarket Northgate Market seeks to prevent development of multifamily workforce housing in the City of Riverside despite the City of Riverside’s and State of California’s desperate need for more housing

    The Court of Appeal, Fourth Appellate District, will hear an appeal from a lower court’s ruling enjoining a 450-apartment unit project known as Magnolia Flats, located adjacent to Northgate Market in Riverside, California.  Northgate Market filed a lawsuit seeking to prevent the housing from being built because it would (allegedly) interfere with its delivery trucks which currently drive through an easement-protected drive aisle between Northgate and the housing site sought to be developed.  The Magnolia Flats developer has stated that the project has accommodated Northgate’s desire to drive their delivery trucks across the Magnolia Flats development site with multiple ingress and egress options.

    Magnolia Partnership LLC (“Magnolia”) is the owner of 16 acres of mixed-use zoned property at 10481 Magnolia Avenue, Riverside, California (the “Magnolia Property”). Magnolia purchased the Magnolia Property to construct an attractive mixed-use commercial development consisting of desperately needed workforce multifamily housing (450 apartments) and 9,000 square feet of retail space (the “Magnolia Project”). Magnolia’s goal in developing the Magnolia Project is to provide much-needed workforce housing for hundreds of middle- and lower-income families in the Riverside community. This new multifamily housing development would also greatly help the City of Riverside achieve compliance with the State of California’s Regional Housing Needs Allocation (“RHNA”) requirements. The City of Riverside is required to provide a minimum of 18,415 new housing units for the 2021-2029 Housing Element Cycle. An added benefit of the Magnolia Project would be additional customers frequenting the businesses surrounding the Magnolia Property, businesses which include the proposed Northgate Market grocery store. However, Northgate seeks to block the development of the Magnolia Project because of purported easement and access concerns.

    Magnolia went through an arduous two-year process designing and entitling the Magnolia Project which culminated with the Magnolia Project recently being approved by the City of Riverside. The City’s approval incorporated review of noise and drive aisle design considerations, which are governed by State of California CEQA and City of Riverside code.  At the time the Magnolia Project was approved, it was the largest multifamily housing community recently approved by the City of Riverside. Unfortunately, on September 14, 2021, Northgate Gonzalez, LLC (“Northgate Market”) blocked the development of the Magnolia Project by filing a lawsuit against Magnolia and Realm Real Estate, LLC (“Realm”) (Northgate Gonzalez, LLC v. Realm Real Estate, LLC; Magnolia Partnership, LLC, Case No. CVRI2104149).  The Complaint filed by Northgate Market also named Wilson Holdings, L.P. (“Wilson”), a real estate entity owned by Scott Bell of ICI Development Company, Inc., and Los Altos XXVII, L.P. (“Los Altos”), a real estate entity owned by Northgate Gonzalez RE, LLC, of whom Oscar Gonzalez, Co-President, Chief Operating Officer, and Owner at Northgate Market and Carl Middleton are members, as plaintiffs. According to the Complaint, Wilson and Los Altos own the property where the Northgate Market is located (the “Northgate Property”).

    In its Complaint, Northgate Market alleges a technicality that development of the Magnolia Project violates a 1979 easement agreement between the Northgate Market and Magnolia Project properties. Northgate Market alleges that the land must be used for shopping center and commercial purposes.  Previously, a Toys-R-Us was operated on the Northgate Property and a GEMCO was located on the Magnolia Property (both Toys-R-Us and GEMCO closed their stores leaving the vacant site a blighted and underutilized eyesore).

    Concurrently with the filing of its Complaint, Northgate Market also applied for and was granted a preliminary injunction enjoining (blocking or prohibiting) the Magnolia Project, the largest multifamily housing community recently approved in the City of Riverside. Thus, pending the outcome of the ongoing litigation, development of the Magnolia Project is on hold. In the interim, Magnolia and Realm have appealed the preliminary injunction on the basis the easement agreement’s purpose is for ingress, egress and parking, and contains no use restrictions, maintaining the mixed-use commercial multifamily Magnolia Project is definitionally in compliance with the commercial language of the easement agreement. Northgate Market has not yet responded to Magnolia’s appellant brief. Additionally, Magnolia has filed a Cross-Complaint against Northgate Market.

    Shockingly, in their Cross-Complaint, Magnolia alleges that prior to the lawsuit being filed by Northgate Market, representatives of Northgate Market, Wilson, and Los Altos made demands for substantial money from Magnolia. The Cross-Complaint alleges, “On or about January 29, 2019, representatives of Plaintiffs and Cross-Complainant [Magnolia] met in Newport Beach to discuss Cross-Complainants’ project. Plaintiffs’ representative Scott Bell opened the meeting by stating ‘This is going to cost iStar a lot of money!’” According to the Cross-Complaint, at the time Mr. Bell made these comments, iStar was the owner of the Magnolia Property. Tellingly, it appears that based on the timeline of events as described in the Cross-Complaint, the monetary demand made to Magnolia precedes the filing of Northgate Market’s Complaint to enjoin, or block, development of the Magnolia Project. This begs the question, was the lawsuit filed simply to use obstruction of the approved Project to “exact” a substantial monetary payment?

    Darrin Olson, a representative for Magnolia, says “Northgate Market’s decision to file suit to oppose the City approved development of 450 housing units is unfortunate given that housing is desperately needed in the State of California and the City of Riverside. From the inception of the Magnolia Project and through today, the development team has taken great efforts in designing the mixed-use commercial and multifamily development to be harmonious with the easement and integrated with its neighbors such as Northgate Market, while going above and beyond in designing the Magnolia Project in a manner that addresses and alleviates those concerns voiced by Northgate Market, including delivery truck circulation.” Mr. Olson further states: “Words cannot describe how disappointed we are in Northgate Market’s opposition to a much needed 450-unit multifamily workforce housing development project. These same residents of our proposed apartment development are likely customers of Northgate Market.  Magnolia just wants to improve our community by providing desperately needed workforce housing in the area.”

    Mr. Olson continues, “The City of Riverside describes its vision of Riverside as ‘the place where the American Dream is realized. A place where regardless of income level, people are able to find distinctive, special places to live.’ The Magnolia Project is designed with the goal of providing such housing in order for the City to realize that vision and furnish that dream.  Sadly, Northgate Market does not share the same dream or vision and is hell-bent on stopping the development of more workforce housing.”

    Notably, the developer behind Magnolia Flats has successfully developed other architecturally appealing multifamily projects in the Inland Empire that provide significant housing enhancements to communities. For example, “Mission Lofts” is an attractive 212-unit apartment community located in Riverside’s Eastside, a Hispanic neighborhood, whereby a blighted, Metrolink adjacent, commercial site was redeveloped into workforce housing. Additionally, “Monterey Station” is a 349-unit apartment community that was developed by the owners of Magnolia and completed in downtown Pomona.  Similar to the Magnolia Flats and Mission Lofts developments, the Monterey Station project site was a blighted commercial area near downtown Pomona and next to the Metrolink station, before being developed into new workforce housing for hundreds of families.

    Similar to Mission Lofts and Monterey Station, the owners of Magnolia are seeking to enhance and provide the much needed 450-unit workforce multifamily housing in Riverside on a blighted site.

    About Magnolia Partnership and Its Investors:  They have completed over $20.7B in multifamily value-added transactions since 1996, including 350 multifamily community acquisitions and 90,000 units as well as numerous developments.

    Media contact:

    Person name: Darrin Olson

    Company name: Realm Group

    Contact No: (949) 975-1122 x1

    Email:  [email protected]

  • Ashford Capital Investments Review:  A User-Friendly And Helpful Company For Anyone Who Wants To Start In The Market.

    London, UK–I don’t know about you, but I was always attracted to the idea of risky investments. That is until my friend told me all about stock trading and how simple it would be on accessible mode if your investment tanks! He convinced me that investing in stocks can yield huge profits as long as one knows what they’re doing–and he’s right; there are plenty of ways for newbies like us (or even experts) alike to lose money quickly when our investments take a dive- so make sure not only do YOU have enough knowledge before putting any funds into these markets…but also keep track regularly or risk losing everything else too!

    After doing much research and some decent numbers of Ashford Capital Investments reviews, I finally decided to try out Ashford Capital Investments which is very simple for anyone who just finished junior high school. They have all the information you need when starting out in this market and their customer support is quick to help if you get stuck! The interface is extremely user-friendly so it’s even easy enough for little ones to do.

    All jokes aside, I’m serious about making some good money after watching my only friend lose every dollar, he had in his pocket due to an accident that was nobody’s fault except whoever made the mistake. It’s important to save up whatever money you can before investing because there are risks involved with whatever you make whether that be buying food or investing in the stock market!

    Hence, I wanted to write an Ashford Capital Investments review where I share and teach everyone who is willing to listen to safe and smart investing techniques with the help of this innovative company that not only offers good customer service but also a great platform, low fees, and returns that will make even the most conservative investor want to try their hand at making big bucks!

    Let’s get started with this Ashford Capital Investments review.

    Let’s first get to know what this platform is all about.

    Ashford Capital Investments is an innovative investment platform that provides genuine stock market trading signals to traders. The unique thing about this company is its high success rates and quick returns on investments, which have led many successful investors like me into using them for our binary options strategies!

    Ashford Capital Investments has a library of tutorials that teach users how to use different features in their platform while testing out brokerage firms before committing any severe funds into investing or gambling online. What’s more, the firm’s customer service is top-notch! I’ve never seen anything like it – one would say they are lucky because with this company you get both quality and quantity, but one does not have an option when dealing directly through them as most companies will only offer so much help at best without getting too complicated about requests made by clients who lack experience trading stocks on exchanges around world wide web.

    I wanted to write this Ashford Capital Investments review mainly because I wanted to let the new trader know that with so many options out there to pick from, choosing a company that does not have enough information would be a disaster waiting to happen. I was a beginner investor and I found Ashford Capital Investments to be an excellent place for me. They have helped with everything from beginning traders like myself all the way up to more experienced investors looking at new opportunities, so there is something here that will meet your needs!

    As a Trading Platform:

    Traders of all levels will find the trading platforms offered by Ashford Capital Investments appealing due to their well-structured and engaging features. With an attractive design that is challenging for beginners alike, it’s no wonder this company has gained such popularity in such a short period!

    It is most definitely worth mentioning in this Ashford Capital Investments review that this is a top-performing and reliable investment platform. It offers nearly 200 assets to its clients, including currencies, commodities stocks indices – the list goes on! The variety of options available makes it difficult for investors like me who want something different each day or week; there’s no shortage of opportunity when you’re backed by this company because they have everything under one roof (literally).

    With its diverse range of features, it is no wonder that this platform has quickly become one of the most popular ways for traders to track their investments. From price charts and indicators all across different time zones with customizable views in real-time or historical data through moving averages – you’ll never be left wanting when using what they offer! Whether your goal is just getting started on Wall Street as an amateur trader who wants access without having much experience under his belt yet still relying heavily upon knowledgeable mentors like myself, looking into more complicated trading strategies such as scalping.

    Now let’s talk about some cons as well that I found during my journey with them that I think I should mention in my Ashford Capital Investments review.

    • I think they lack a variety of languages. There is only English language by default and no other option. But I think this company is for sure worth checking out!
    • Next, I find the look of the platform to be dull and boring. Although I am not a professional designer, it is disappointing for me to say this because the features of the site are great. But who cares? What matters more is Ashford Capital Investments’ excellent service and reliability record!
    • Furthermore, when you go to their trading platform’s chart, there’s no option to use it in dark mode. Sometimes it is too bright for the eyes! However, when you enter the same chart under another tab that is sorted back; then it will be in dark mode. So at least there’s a workaround for this small issue.

    What to Expect When Joining:

    High Returns, Low Investment Fees

    Right off the bat, one of the main reasons I decided to invest with Ashford Capital Investments is because they offer high returns at low investment rates. Most companies out there will only provide you with small dividends when it comes to trading stocks online but what happens when your investments are not in sync? You lose money! Not only that, but you also have fees added on to the top of that which can leave a big dent in your wallet! This does not happen when you sign up for an account with Ashford Capital Investments so take advantage while it lasts!

    Top-Notch Education

    Since I started learning how to trade stocks on exchanges about a year ago, I’ve never met anyone who offered top-notch education the way Ashford Capital Investments does. When you sign up with them, they not only offer free lessons for beginners so that you can get an idea of their trading style/strategy but also provide advanced courses to more experienced investors looking to take their game to the next level.

    The eBooks section is filled with resources that are perfect for individuals who want to connect with real-life mentors. If you’re just getting started, Ashford Capital Investments provides you with several resources including seminars and webinars that will help prepare you for investing in the stock market without taking too much of your time by keeping up to date on news.

    • Another con I would like to mention in this Ashford Capital Investments review is that they didn’t have any video tutorials. As a beginner, it is understandable that video tutorials would be helpful to those learning the ropes. This is why I mentioned above about their great library of eBooks and seminars since anyone can go through them and build up experience and knowledge as much as they want! But this company surely needs to make an exception to add some video options for beginners who simply cannot learn through reading only!

    Top-Notch Support System

    Quick response times are something you should expect when reaching out to their support team or any company’s customer service really. At least this way if there’s an issue with your account, it won’t be long before they resolve it! Not only do they respond quickly but provide excellent assistance as well – whether it is because I was not fluent in English or had trouble navigating through their website due to the different keyboard layouts in other parts of the world.

    Great Customer Support! For a beginner like me, this was very important! I had many questions during my first months and always got a quick answer. The support is great, and they help you in every subject starting from using their platform to more advanced stuff. But don’t take my word for it – give it a try yourself…

    Conclusion:

    As far as this Ashford Capital Investments review goes, Ashford Capital Investments offers the bare essentials without the bells and whistles that make other trading platforms seem like they are trying to take your money. Within these trading platforms (also known as web-based trading software or online trading software) you will find technical analysis tools that have been used by professionals for years. Whether it’s just starting to learn about investors who would rather focus on risk management than take big chances looking to hit a home run every time – there’s something here for everyone!

    Disclaimer: This review is written from my own experience and my self-knowledge only and this is not a recommendation.

    Media Contact:

    Email: [email protected]

  • Trader House Review – The trading platform for professionals and beginners?

    Trading in the open markets is a luxury that most seasoned professionals have been able to enjoy over the past couple of decades. In the 20th century, it was unheard of for regular people to actively participate in trading. There were always people who invested their own money via financial firms. These financial firms had separate brokers assigned to various customers who would accumulate a capital from their clients and use it to trade in financial assets that were active in the markets. This is about billions of dollars worth of financial power handed to a single firm who would then go on to trade in various stock exchanges.

    For decades this strategy worked as even though the financial firms were essentially acting as middlemen, the number of people trying to invest in the markets wasn’t that significant. However, as the world grew more connected, more and more people were looking to invest in financial assets but because these brokering firms didn’t have the resources to accommodate everyone, they started preferring people with more capital. This left a great number of people left to wander around as their primary point of access to the markets was cut off. These financial firms were essentially banning regular people from taking part in the free market trade which is one of the biggest signs of the markets reaching a point of saturation.

    The decrease in individual investors severely hampered the markets and the need for a new trading system became prevalent. A decision was made to utilize the new technological resources of the internet to develop a new system that would accommodate all traders regardless of their financial background. This is when online trading was introduced. Online trading platforms have been around for a little over 2 decades now with a lot of the current market share of traders being held by these online traders. Online trading didn’t just accommodate everyone but it also allowed users more control over what type of asset they want to invest in and what path to take.

    Trader’s Choice

    It is up to the trader to select which platform suits him or her best for their needs. I remember using multiple trading platforms at one point because of the differences between their assets. When I started online trading, there weren’t many reviews as to what to look for in an online trading platform or which platform was good. I spent a good couple of weeks going through different trading platforms before I ended up with this platform for this Trader House review. Trader House was relatively new to the game as were many of the other platforms when I started trading using the online system.

    I am writing this review specifically so that beginners and professionals alike understand what the actual makings of a good trading platform are. There are a lot of bogus trading platforms on the internet which are adamant about exploiting beginners. Professionals sometimes also get in the middle of these trading platforms as for many it is their first time using online trading platforms. Hopefully, this review will clear everything up.

    Now there are a few basic things that are necessary for any good trading platform. These are things that essentially make up the foundation of the platform and under no circumstances can there be any sort of compromise on these features. While a lot of trading platforms differentiate from others as much as possible, there are a few features that they have in common. These are the features that convinced me to stay with this trading platform for this Trader House review because, from my perspective, they represent the basic needs of a trader’s toolkit.

    • Asset management
    • Secure access
    • Account Diversity
    • Transaction System

    Asset Management

    Assets are the only things that matter when it comes to conducting trade. Therefore, any tool that could assist in managing the assets requires careful calibration and implementation. There are many ways in which something as important as asset management can be incorrectly implemented.

    I had a bad day when a different platform that I was suing had an asset management tool but it was so bar-metal that one might as well have ignored it in the first place. That was the day I learned that a lot of platforms say that they have these tools but in reality, their version of implementation usually isn’t up to the mark. So when I found out that I would be highlighting this feature in my Trader House review I was skeptical at first. I already had quite a few bad experiences with asset management tools in the past so I was wary of using the one available on this platform.

    Alas, after mustering up the courage to use it, I was beyond surprised to see that something with such a wide range of capabilities is even available for me to use. I’ve been using the management tool ever since and haven’t had any significant issues with it yet.

    Secure Access

    The primary issue with traditional trading systems was that they couldn’t deal with the growing number of clients. Online trading platforms got rid of this limitation as they relied more on computer systems than regular platforms to conduct their brokering business. These online trading platforms were essentially brokers that could serve much more users at once as compared to traditional firms.

    However, with such a big footprint, these platforms were more or less making themselves a mark for outside attackers looking to make a quick buck. A lot of the trading platforms I used to be registered with would constantly need to undergo a system shutdown to ensure their security. This was a broken-down version of a security system that made it inconvenient to use online trading platforms.

    For this Trader House review on the other hand the platform had a robust security system that vetted all access points. This way only the real account holder could access and manipulate the account without having the system restart every time there is a threat. This active security system is what changed the game for me and a lot of my colleagues as we didn’t have to wait around for the system to reload. This way we were able to place our bids while others were still waiting for their platforms to come back online.

    Account Diversity

    One thing that bothered me when I was testing out new trading platforms was that a lot of them didn’t have any account options for beginners. They seemed to be targeting professionals only which made my journey a lot worse. On one hand, I had to test them to see if they were any good and on the other, they were charging a lot for something I just wanted to test. They didn’t have any demo options in place for beginners which made it even worse. When I signed up for Trader house I was blown away by the diverse number of options it offered me right out of the gate. The system was designed to service users without any hitches and the beginner accounts pushed the limit of what a good platform is capable of.

    Trading using beginner accounts was a little like having training wheels. Gradually as I gained experience I was able to go at it all by myself without the training wheels and my biggest break came when I went against a seasoned professional from a different platform and came out on top.

    Transaction system

    A trading platform is useless if users do not have access to a reliable and secure transaction system. This is such an important issue that people have suffered losses because of an unreliable transaction system.

    This Trader House review shows that the platform offers a variety of options for its users who want to deposit or withdraw their money on demand. The system is secured using the platform’s state-of-the-art security system. This way users can easily manipulate their transactions without any external event affecting their investment returns. Trader House offers mainstream transaction systems that have been verified to be following the strict industry standards required for any financial transaction system. This ensures that users are not left vulnerable in case of an emergency and the extra number of options gives users the confidence that in the event one system fails, there are other options available in its place.

    Platform shortcomings

    Every trading platform has one or two things that could have made the experience better. In the case of this Trader House review, the platform has could use an improvement in its educational resources. Don’t get me wrong, the current resources are the reason I am where I am today but a refreshed version would be so much better.

    Conclusion

    There are many good trading platforms out there. While I have tried a lot of them, none of them held up as well as my choice for this Trader House review. Perhaps one day I might find a platform better than Trader House but until that day I am sticking with it because of the way it has implemented the features that make a good trading platform.

    Disclaimer: This review is written from my own experience and my self-knowledge only and this is not a recommendation.