| Passco, Perdew to Invest Up to $90M in Self-Storage
Passco Companies Development, LLC is breaking into self-storage -- in a good way. Looking to tap into the lucrative market for specialized real estate, Irvine-based Passco has formed a joint venture with a self-storage expert to launch a company that expects to develop up to $90 million in the facilities across the nation. Patriot Self-Storage Management LLC, headed by President and CEO Hal Perdew, will focus on the development, management and leasing of self-storage facilities nationwide, said Passco Cos. President William H. Winn. Patriot Self-Storage will initially invest $70 million to $90 million to build 25 or more self-storage facilities in secondary and tertiary markets in Florida, Georgia, South Carolina, North Carolina, Arizona, Minnesota, Texas and Alabama, among other states. The JV is gearing up for two land acquisitions and subsequent development projects in Florida.
A Qualified Mortgage Consultant Can Outline Your Options
Buying a home vs. renting is a big decision that takes careful consideration, as most mortgage consultants will agree. But the rewards of home ownership are great. For many years, purchasing real estate has been considered an extremely profitable investment. It is an achievement that offers a sense of pride, financial stability and potential tax advantages. Yes, there are certain responsibilities associated with owning a home. Landlords will often argue the benefits of renting, and for obvious reason. If you are renting, you're helping them make their mortgage payment. The numbers are staggering if you look at it this way. If you are paying $1,000 per month for an apartment, and you know your rent will increase 5% every year, then over the next five years you will pay your landlord $66,309.
Consumer Reports: Beware of hazardous Easter eggs
Consumer Reports is advising shoppers to avoid dangerous and illegal chocolate Easter eggs that it found on sale at numerous food stores in New York City and Westchester County. The Kinder Surprise Eggs, hollow chocolate with small toys inside, have been banned in the United States for 10 years by the Consumer Product Safety Commission. On its Web site, the commission said that the toys hidden in the eggs can cause choking hazards to children younger than 3. Despite the ban, Yonkers-based Consumer Reports said that its staff members found the eggs for sale at many smaller shops in Westchester, the Bronx, Brooklyn and Manhattan. Consumer Reports also found widespread sales of the eggs in the Washington area. "A lot of the stores just don't know" that the product is banned, said Heather Joy Thompson, communications counsel for Consumer Reports.
Fresh off New Orleans meeting, Disney execs to build playground
Along with news about its first black princess and return to hand-drawn animation, the Walt Disney Co. last week told shareholders gathered in New Orleans that its executives would be back in Louisiana next month to lend a helping hand. Fifty execs will build a playground, refurbish a basketball court and donate sports equipment to the Slidell Boys & Girls Club, which was damaged by Hurricane Katrina. The announcement was made during the company's annual shareholders meeting. The company said it has donated more than $3 million to Gulf Coast rebuilding efforts, including $1 million to rebuild 16 Boys & Girls Clubs that were destroyed. Disney chief executive Robert Iger told shareholders that the company decided to hold the meeting in New Orleans to show support for the city.
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