Balboa Park observation wheel idea wins preliminary approval

The plan to temporarily place an observation wheel in Balboa Park’s Plaza de Panama has received the support of the city’s official park advisory group.



an aerial view of a city: A conceptual rendering of the proposed observation wheel shows the 148-foot attraction in Balboa Park's central Plaza de Panama. The for-charge ride promises unrivaled views of the city and is intended to reinvigorate the park. (Courtesy, City of San Diego)


© (Courtesy, City of San Diego)
A conceptual rendering of the proposed observation wheel shows the 148-foot attraction in Balboa Park’s central Plaza de Panama. The for-charge ride promises unrivaled views of the city and is intended to reinvigorate the park. (Courtesy, City of San Diego)

Thursday evening, the Balboa Park Committee voted 7-1 in favor of the short-term attraction, or what’s being called the Balboa Park Star, with one member abstaining. That means proponents — David and Leslie Cohn of the Cohn Restaurant Group and operator Sky Views of America — will aim to erect the part-time installation in the spring, following completion of additional steps and easing of state restrictions.

The vote marks an important first step in getting the controversial park ride

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China Customer Relations Centers, Inc. Announces Receipt of Preliminary Non-Binding “Going Private” Proposal and Formation of Special Committee

TAI’AN, China, Nov. 30, 2020 /PRNewswire/ — China Customer Relations Centers, Inc. (Nasdaq: CCRC) (“CCRC” or the “Company“), a leading e-commerce and financial services business process outsourcing (“BPO“) service provider in China, today announced that its board of directors (the “Board“) has received a preliminary non-binding proposal letter dated November 27, 2020 jointly submitted by its founder and chairman of the Board, Mr. Zhili Wang, Mr. Debao Wang, Mr. Guoan Xu, Mr. Qingmao Zhang, Mr. Long Lin, Mr. Jishan Sun and their respective affiliated entities (collectively, the “Buyer Group“), to acquire all of the outstanding shares of the Company not already owned by the Buyer Group in a going private transaction for $5.37 per share in cash (the “Proposal”). A copy of the proposal letter is attached hereto as Annex A.

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China Customer Relations Centers, Inc. Announces Receipt of Preliminary Non-Binding “Going Private” Proposal and Formation of Special Committee | News

TAI’AN, China, Nov. 30, 2020 /PRNewswire/ — China Customer Relations Centers, Inc. (Nasdaq: CCRC) (“CCRC” or the “Company“), a leading e-commerce and financial services business process outsourcing (“BPO“) service provider in China, today announced that its board of directors (the “Board“) has received a preliminary non-binding proposal letter dated November 27, 2020 jointly submitted by its founder and chairman of the Board, Mr. Zhili Wang, Mr. Debao Wang, Mr. Guoan Xu, Mr. Qingmao Zhang, Mr. Long Lin, Mr. Jishan Sun and their respective affiliated entities (collectively, the “Buyer Group“), to acquire all of the outstanding shares of the Company not already owned by the Buyer Group in a going private transaction for $5.37 per share in cash (the “Proposal”). A copy of the proposal letter is attached hereto as Annex A.

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Ruhnn Announces Receipt of Preliminary Non-Binding “Going Private” Proposal

HANGZHOU, China, Nov. 25, 2020 /PRNewswire/ — Ruhnn Holding Limited (“ruhnn” or the “Company”) (NASDAQ: RUHN), a leading internet key opinion leader (“KOL”) facilitator in China, today announced that its board of directors (the “Board”) has received a preliminary non-binding proposal letter, dated November 25, 2020, from three founders of the Company, Min Feng, Lei Sun and Chao Shen (together with their respective affiliates, the “Buyer Group”), proposing to acquire all outstanding Class A ordinary shares, including Class A ordinary shares represented by American depository shares (the “ADSs,” each representing five Class A ordinary shares), and Class B ordinary shares (together with the Class A ordinary shares, the “Shares”) of the Company not already owned by the Buyer Group for US$0.68 per Share (or US$3.4 per ADS) in cash in a going private transaction (the “Proposed Transaction”).

A copy of the proposal letter is attached hereto as Exhibit A.

The

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KBRA Assigns Preliminary Ratings to Notes Issued by Genesis Sales Finance Master Trust, Series 2020-A

Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to five classes of notes issued by Genesis Sales Finance Master Trust, Series 2020-A (“GSFMT Series 2020-A”), a credit card asset-backed securitization.

The collateral in the GSFMT Series 2020-A deal includes $175.268 million of undiscounted credit card receivables principal balance, as of the October 31, 2020 cutoff date. The ratings reflect the initial credit enhancement level range of 49.10% for the Class A notes to 8.50% for the Class E notes.

The financial impact of COVID-19 has resulted in an economic slowdown and high unemployment, which can adversely impact the performance of the subject pool and credit card loans in general. In considering this risk, KBRA applied additional stress scenarios by increasing its expected base case charge-off rate assumption and decreasing its monthly payment rate assumption. In determining the scenarios, KBRA considered the relationship between the historical unemployment rate and annualized gross

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OPES Acquisition Corp.’s Business Combination Target, BurgerFi, Reports Preliminary Third Quarter 2020 Financial Results

PALM BEACH, Fla., Nov. 10, 2020 (GLOBE NEWSWIRE) — OPES Acquisition Corp.’s (Nasdaq: OPES) business combination target, BurgerFi International (BurgerFi), is reporting preliminary financial results for the third quarter ended September 30, 2020. The preliminary results are subject to completion of BurgerFi’s quarterly financial reporting process and the preparation of the unaudited financial statements for the quarter.

BurgerFi currently expects total revenue for the third quarter of 2020 to be in the range of $9 million to $9.2 million compared to $8 million in the second quarter of 2020 and $8.2 million in the third quarter of 2019. BurgerFi had seven new restaurant openings year-to-date through September 30, 2020, with plans to open an additional six new restaurants in the fourth quarter ended December 31, 2020.

DELIVERY METRICS

     Year-Over-Year Delivery Sales

2019 vs 2020

 

July

 

+76%

 

August

 

+154%

 

September

 

+91%

     Totals in 3

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Granite Provides Business Update and Third Quarter 2020 Preliminary Select Financial Information


Granite Construction Incorporated (NYSE: GVA) today provided a business update and third quarter 2020 preliminary select financial information.


“I am pleased today to discuss some highlights of Granite’s recent performance, but first, I want to thank the Board of Directors for their confidence in my ability to lead Granite through the near-term challenges we are facing as we work to implement our long-term strategic vision,” said Kyle T. Larkin, President at Granite. “While we can all acknowledge that 2020 has been a difficult year on many fronts, our people will lead the Company through these tough times. Despite the COVID-19 pandemic and California wildfires, our work levels remain steady with minimal project impact, and our business continues to adapt. As of September 30, 2020, total company committed and awarded projects (CAP) (1) stood at $4.2 billion, and Granite’s liquidity has improved over the course of the year. We

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eXp World Holdings Announces Preliminary Third Quarter 2020 Business Highlights

Company to Report Third Quarter Financial Results on November 9

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BELLINGHAM, Wash., Oct. 27, 2020 (GLOBE NEWSWIRE) — eXp World Holdings, Inc. (Nasdaq: EXPI), the holding company for eXp Realty and VirBELA, today provided preliminary unaudited financial and operational results for the third quarter ended September 30, 2020.

eXp World Holdings Preliminary Third Quarter 2020 Highlights (the financial information below is subject to change and could be different when earnings are released):

  • The number of agents and brokers on the eXp Realty platform increased 56% to 35,877 at the end of the third quarter of 2020, compared to 23,034 a year ago.

  • Residential transaction sides closed for the third quarter of 2020 increased 95% to 75,392, compared to 38,567 during the third quarter of 2019.

  • eXp Realty ended the third quarter with a 73 agent Net Promoter Score, which measures agent satisfaction, as compared

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