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Some condos being run as serviced apartments, Business News

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AT least two projects nestled in a mature residential precinct in District 9 near Somerset are being run as serviced apartments - despite not having the regulatory approval to do so - and a third one is opening. Oxley Thanksgiving Residence , a freehold condominium at 328 River Valley Road owned by Chinese temple Poh Ern Shih , and St Thomas Lodge , which also sits on freehold land at 32 St Thomas Walk , are listed for short-term stay on the website of accommodation service provider Atas Residence . The Business Times' visit to these projects confirmed that they are being run as serviced apartments. A third property, Devonshire Apartments at 17 Devonshire Road , has just undergone a major renovation, and the units there are understood to be starting a new chapter as serviced apartments this month. BT's query to the Urban Redevelopment Authority (URA) confirmed that these three properties are currently approved for residential use, but "do not have planning permission to...

Google Fiber wins Louisville, Kentucky, OTMR battle as court dismisses AT&T’s lawsuit

Google Fiber won a major coup in its battle to simplify the pole attachment process via the One Touch Make Ready (OTMR) ordinance in Louisville, Kentucky, as a district court dismissed AT&T’s suit against the metro government. Louisville’s OTMR ordinance, which was passed in February 2016, would help ease Google Fiber ’s and other competitors’ movement into the Louisville broadband market by allowing them to move and install their own wiring on poles instead of waiting for AT&T and other service providers to conduct this work. This process, which is known as make-ready, requires new entrants like Google Fiber to wait months for existing providers like AT&T and Comcast to move their lines themselves. RELATED: Google Fiber seeks new sales, operations staff for Louisville, Kentucky AT&T, the incumbent telco in Louisville, filed a suit against Nashville, Tennessee, last year. In the suit (PDF), AT&T argued that the Nashville city council is overstepping its bound...

AvalonBay Communities (AVB) Q2 2017 Results - Earnings Call Transcript

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AvalonBay Communities, Inc. (NYSE:AVB) Q2 2017 Earnings Call August 03, 2017 1:00 pm ET Executives Jason Reilley - AvalonBay Communities, Inc. Timothy J. Naughton - AvalonBay Communities, Inc. Sean J. Breslin - AvalonBay Communities, Inc. Matthew H. Birenbaum - AvalonBay Communities, Inc. Kevin P. O'Shea - AvalonBay Communities, Inc. Analysts Nicholas Joseph - Citigroup Global Markets , Inc. Nick Yulico - UBS Securities LLC Richard Allen Hightower - Evercore ISI Juan Sanabria - Bank of America Merrill Lynch Andrew T. Babin - Robert W. Baird & Co., Inc. Austin Wurschmidt - KeyBanc Capital Markets , Inc. Dennis Patrick McGill - Zelman & Associates Wes Golladay - RBC Capital Markets LLC Alexander Goldfarb - Sandler O'Neill & Partners LP Vincent Chao - Deutsche Bank Conor Wagner - Green Street Advisors , LLC Richard Hill - Morgan Stanley & Co. LLC Robert Stevenson - Janney Montgomery Scott LLC Operator Good morning, ladies and gentlemen, and welcome to AvalonBay...