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Wednesday, October 16, 2024

Venezuelan Prison Gang Seizes Multiple Apartment Buildings In Texas

 A new shocking report has found that Venezuelan transnational gang Tren de Aragua has taken over at least four apartment building complexes in San Antonio, Texas, as thousands of its illegal alien gangsters run amok nationwide, sparking crime and chaos from Colorado to Texas to New York City. Many of the members of the armed migrant prison gang invaded the nation through Biden-Harris' open southern borders.  

DailyMail revealed: 

dangerous Venezuelan gang has taken over at least four apartment complexes in San Antonio, Texas, as it expands its reach in yet another America city, DailyMail.com can reveal.

The report confirmed that Palatia Apartments was one apartment complex where TdA members were operating out. This complex was the scene of a recent raid... 

Just last week a small army of police officers raided an apartment complex in San Antonio and arrested 19 individuals - including four gang members.

Law enforcement sources confirmed TdA had been operating at the Palatia Apartments for five to six months - squatting in empty units they either rented out to other migrants, used as a base to deal cocaine or, most horrifically, as prostitution dens to pimp out women and children.

But now DailyMail.com can reveal that this apartment invasion is just the tip of the iceberg in the major southern Texas city, with at least three other rental properties also occupied by the criminal organization. 

While Palatia Apartments was one complex full of TdA members, the other three buildings were not named in the report because of ongoing police investigations. 

TdA's activity in San Antonio comes after armed gangsters from the same prison group terrorized the Denver suburb of Aurora last month. This area is a sanctuary city run by far-left Democrats.

The US Army warned in leaked documents that as many as 5,000 TdA members have invaded the nation, many of which are armed.

DailyMail noted that TdA's command and control center shifted north to just below the US border in the Mexican town of Ciudad Juarez. The armed group is rapidly expanding turf nationwide. This may ignite gang warfare with native US gangs.

In recent weeks, police sources told the NYPost that TdA was recruiting their members and victims straight out of NYC-run migrant shelters. 

In the Big Apple, Tren de Aragua is trying to recruit foot soldiers to force women into sex trafficking — in the hopes that it will become a main source of income for the gang, according to the leaked memo. -NYPost

This is shocking...

Only made possible by. 

'We did it, Joe!' ... 

Democrats are importing the third world into the first world - this only means the situation will worsen.

https://www.zerohedge.com/political/venezuelan-prison-gang-seizes-four-apartment-buildings-texas

Monday, October 14, 2024

California to Sell $107.6 Million of Bonds to Refinance Affordable Housing Debt

 The California Housing Finance Agency plans to sell $107.6 million of affordable housing revenue bonds, with most of the proceeds going to refinance already existing debt sold to provide mortgage loans for five multi-family rental housing developments.

The sale includes $67.6 million of Series A-1 non-AMT sustainability bonds, with maturities ranging from 2025 through 2036, according to a document posted Friday on MuniOS. The agency will also sell $40 million in 2024 Series A-2 non-AMT sustainability bonds, maturing in 2064. The A-1 bonds are subject to optional redemption on Feb. 1, 2033, and the A-2 have an optional call date of Aug. 1, 2027.

Retail orders can be placed on Oct. 22, and institutional pricing is scheduled for Oct. 23. The securities are scheduled for delivery on Nov. 14. Initial pricing on the debt was unavailable.

The bonds are limited obligations of the agency, and will be payable from and secured by revenue and assets from the five rental properties.

The California Housing Finance Agency was established in 1975 for the primary purpose of meeting the housing needs of persons or families of low- to moderate-income residents in the state, according to the roadshow document. The agency has helped build or preserve more than 78,000 affordable homes and houses, has provided loans to more than 222,000 first-time home buyers.

The bonds are expected to have ratings of Aa2 from Moody's and AA from S&P Global Ratings.

Morgan Stanley is lead manager for the issuance.

https://www.marketscreener.com/quote/stock/MORGAN-STANLEY-13654/news/California-to-Sell-107-6-Million-of-Bonds-to-Refinance-Affordable-Housing-Debt-48071161/

Monday, October 7, 2024

Waldorf Astoria’s much-hyped — and oft-delayed — grand re-opening is pushed back yet again

 The latest delay in reopening the iconic Waldorf Astoria hotel — to spring of next year, as I predicted would happen in early 2023 — is the latest insult to New York City by a Chinese company interested mainly in selling super-luxury condo apartments to globetrotting investors who might never turn on the lights.

To the Dajia Insurance Group, which took control of the Waldorf three years ago when another Chinese company collapsed, the fabled property’s great public spaces like Peacock Alley might as well be chopped liver — if they even understand what it means.

Sure, the Waldorf will reopen some day. But Hilton, which manages the property, let word dribble out last week that the re-launch initially scheduled for late this year is pushed back again to sometime in spring 2025 — and that’s merely the “expected” time frame.

The re-launch of the Waldorf Astoria, initially scheduled for late this year, is pushed back again to sometime in spring 2025.Christopher Sadowski

The great landmark is still undergoing an eight years-and-counting restoration and redesign. Eight years! (Hilton sold it to Anbang in 2014 for  $1.95 billion. Dajia took over when the government in Beijing dissolved Anbang for murky reasons.)

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The Waldorf, a powerful skyline presence and symbol of Manhattan glamour was home to the legendary Peacock Alley and was the stomping grounds of Cole Porter, Frank Sinatra and Marilyn Monroe before closing in February 2017.

The Waldorf re-launch was first touted for 2020 — and then for 2021, 2022 and 2023. 

It will have 375 hotel rooms and suites compared with the original 1,400, although the new ones will be twice as large, as well as 375 condo residences priced from $1.8 million to $20 million.

But the collapse of Anbang, followed by the exit of the Waldorf’s US project manager in early 2023, contributed to repeated slowdowns on top of pandemic-related ones.

The iconic hotel will have 375 hotel rooms and suites compared with the original 1,400, although the new ones will be twice as large, as well as 375 condo residences priced from $1.8 million to $20 million. Above, the hotel in 2007.Rich Press

Today, most of the building’s ground and second floors appear as raw space through windows and open doors — except for a gleaming Park Avenue sales office with Cole Porter’s piano on display.

The building’s current condition is also a nuisance to nearby businesses. An employee at Fresh & Co. across street said, “It’s  the great black hole of Lexington Avenue. People don’t like walking here from uptown.”

Landmark restorations don’t happen overnight. But the Plaza Hotel, which was elaborately redesigned to include condos, got the job done in just three years. It took less than four years to build One Vanderbilt, a 1,401-foot tall skyscraper from top to bottom.

The still-dark Waldorf is an embarrassment to Hilton, which launched a “Waldorf Astoria Collection” of luxury inns and resorts around the world in 2006. (The division is now called “Waldorf Astoria Hotels & Resorts.”)

Of course, all that’s missing is the real Waldorf Astoria.

Earlier this year, Hilton launched a publicity campaign to convince the world that a new Waldorf Astoria was truly coming. 

Gramercy Tavern chef Michael Anthony was named “culinary consultant in charge” of a planned, yet-to-be-named, two-level American brasserie on the ground floor and mezzanine.      

Also pressed into the media mill were the hotel’s managing director Luigi Romaniello, Hilton luxury brands head Dino Michael and interior designer Pierre-Yves Rochon, who shared their enthusiasm for the “new” Waldorf.

Cole Porter’s piano

Even secretive Dajia got into the act. Project director Ray Gu told The Wall Street Journal, “The Waldorf had lacked, let’s say, improvements, for many, many years.”

He must have missed La Chine, the wonderful modern-Chinese restaurant that replaced miserable Oscar’s in 2015.

Hotel industry boosters, however, remain upbeat. Vijay Dandapani, the CEO and president of the Hotel Association of NYC, said, “I don’t make too much of the latest pushback by a few months as I see construction moving apace on a daily basis. It should be a very special albeit much smaller hotel when it reopens.”

La Chine replaced Oscar’s in 2015. A sign still hangs at the Lexington Avenue at East 50th Street corner.Steve Cuozzo
But an Oscar’s sign still inexplicably hangs over the Lexington Avenue at East 50th Street corner. At this rate, it might soon be the only evidence that a Waldorf Astoria ever existed.

https://nypost.com/2024/10/07/business/waldorf-astorias-much-hyped-and-oft-delayed-grand-re-opening-is-pushed-back-yet-again/