Erin Richards and Chrissie Thompson USA TODAY Published 10:29 AM EDT Mar 27, 2019 The first charter school in Nevada — I Can Do Anything High School — is set to close this spring. Ohio's largest charter, with 12,000 online students, shut down last winter after a crackdown on its suspicious attendance figures. To help pay state fines, the school auctioned off everything from ballpoint pens to a singing Big Mouth Billy Bass wall plaque. In New Jersey, the charter system is making real estate investors rich. They use federal money to build school buildings, then rent them to charter schools for a hefty profit. But the IRS has stepped in, reviewing the scheme. More from New Jersey: New Jersey kept funneling tax money to troubled charter school Federal program used to pay for privately owned charter school buildings How investors and developers cash in on charter school growth 'Clearly it has gotten out of hand': How NJ can fix broken financing Across the U.S., … [Read more...] about Betsy DeVos, Charter schools, choice, Education Department: What now?
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Office rents in Sheffield have risen faster than in any other 'big ten' regional cities over the past year, a new report has revealed. Rents have risen 47 per cent since the global financial crash in 2008, significantly more than rival cities which were up 25 per cent in the same period, new figures showTop-end rents in Sheffield are now £26 sq ft - but still less than other big cities which are £35 sq ft.Experts say higher rents attract more investors so more offices get built. More choice drives competition among developers resulting in better quality offices - which attract more companies.The statistics were from commercial property analytics provider CoStar Group. It found in the last year office rents in Sheffield, Cardiff, Liverpool and Newcastle rose faster than in Birmingham, Leeds, Bristol, Edinburgh, Glasgow and Manchester.Of all 10 cities Sheffield leads the way, according to Guy Cooke, director at BNP Paribas Real Estate UK and member of … [Read more...] about Record rise in rents as investors pile in to Sheffield
PUBLISHED: 07:00 20 February 2019 | UPDATED: 07:56 20 February 2019 Hannah Somerville Members of the Leverage 'family' at an event in November 2017. Picture: Submitted Archant Members of the Muslim community have spoken of their fraught experience with the global “investment” scheme called Leverage, which scores of households in North and East London paid into. On Monday we reported ongoing fallout over the scheme run by the Muslim Entrepreneur Network, which has prompted at least 18 complaints to Action Fraud.Members left the scheme in droves over 2018 after being promised a profitable business within 12 months that had not materialised, even after they put in hours of unpaid work.Many have received money back and the founders said everyone entitled to a refund has had one, but a number of people say they are still waiting.At the same time the embattled scheme now appears to be undergoing a restructure and the founders have publicly clashed … [Read more...] about Muslim Entrepreneur Network investors speak out as co-founders clash over alleged fraud
Gary J. Morrell Saturday, February 16, 2019, 00:05 Tourist numbers to Hungary are continuing to rise with 5.5 million visitors to Hungary in the first half of last year. Overall there growth of around 3% across the CEE region for 2018, and this is expected to continue. Developers, investors and operators all, therefore, see the potential for hotel development. Meininger Hotel in Budapest. CBRE has traced a pipeline of around 18 three-five-star hotels under construction in Hungary, a clear majority of which are in Budapest. However due to the complex development process and labor issues, delivery dates are very difficult to estimate as many completions are slipping. Despite this the hotel sector in Hungary, CEE is attracting an increasing number of development projects according to the third HOTCO Hotel Investment Platform CEE & Caucasus. The program of the two-day event at the Kempinski Hotel Corvinus in Budapest had the central theme of “How to Maximize … [Read more...] about Strong Guest Demand Attracting Hotel Developers and Investors
IN a recent article, newspaper El Confidencial questioned whether there is a problem with foreign home buyers occupying more of the market than ever, without being interested in new-build homes. The publication confirmed that overall interest among international buyers is high, with 53,359 transactions registered in the first quarter of 2018.Some 33,000 homes were sold to foreign buyers in the first half of 2007, just before the property bubble burst. This would suggest we’re at an all-time high. But, according to the article, sales of new homes to foreign buyers are at an all-time low across Spain, despite more new projects reaching the market all the time. This means there is increasing competition among modern property developments, and this proliferation of choice may be one of the reasons why they don’t sell as quickly as before.Property Prices are a contributing factorAnother factor is the rise in property prices, which due to limited land and growing construction … [Read more...] about Why foreign investors keep the property market booming but don’t want new builds