TreeHouse Foods recalls snacks due to listeria threat

TreeHouse Foods Inc. said Tuesday it is voluntarily recalling products that may contain sunflower seeds contaminated with listeria. No illnesses have been reported so far but TreeHouse decided to recall the products out of “an abundance of caution,” the company said in a press release. Among products recalled are packaged sunflower kernels, almonds, and chocolate bars for supermarket brands. The food-processing company mostly makes private-label goods. Shares of TreeHouse were flat in late trading Monday after ending the regular trading day off 2.8%

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From:: Stock Market News

Repossessed Palm Beach Gardens hotel sold for $13.6M

By Brian Bandell

The Doubletree Hotel in Palm Beach Gardens was sold out of foreclosure at a 37 percent discount to its prior mortgage.

A commercial mortgage-backed securities (CMBS) trust under the name BACM 2006-2 Hotel at Palm Beach Gardens LLC seized the 279-room hotel at 4431 PGA Blvd. in 2015 after foreclosing on the $21.76 million mortgage of THI IV PBG, an affiliate of Annapolis, Md.-based Thayer Lodging. It was surrendering in a $31.4 million deed-in-lieu of foreclosure.

The lender recently sold the property… …read more

From:: biz journal foreclosures

Oil futures end lower on renewed glut fears

Oil futures fell for a third straight session Tuesday, pressured by renewed fears of a supply glut triggered in part by reports that production by members of the Organization of the Petroleum Exporting Countries rose in April. West Texas Intermediate crude for June delivery on the New York Mercantile Exchange fell $1.13, or 2.5%, to settle at $43.65 a barrel.

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From:: Stock Market News

Wal-Mart recalls about 1.2 million water kettles after reports of burns

Wal-Mart Stores Inc. said Tuesday it was recalling about 1.2 million Rival brand electric water kettles made in China after receiving 80 reports of incidents, including seven reports of burns. The recall involves kettles with model numbers WK8283CU and WK8283CUY, that were sold exclusively at Walmart stores between March 2011 and October 2015, for about $14. “The heating element can fail and rupture, posing burn and shock hazards to the user,” Wal-Mart said in a statement. “Consumers should immediately stop using the recalled kettle and return it to any Walmart store for a full refund.” The stock, which shed 0.7% in afternoon trade, has climbed 9.5% year to date, while SPDR S&P Retail ETF has gained 2.2% and the Dow Jones Industrial Average has tacked on 2.1%.

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From:: Stock Market News

Gold snaps 6-session win streak as dollar rises

Gold futures settled lower Tuesday, retreating after the U.S. dollar rebounded off session lows and as investors offloaded some of their gains in the rapidly rising precious metal. Gold has climbed some 5.5% over the past 30 days, according to FactSet data. June gold finished $4, or 0.3%, lower at $1,291.80 an ounce, halting a streak of six consecutive session of advances for the yellow metal. Gold has enjoyed a rally fueled in part by a relatively weak dollar but the buck turned modestly higher Tuesday, managing to offset a sharp selloff in global stocks, which has typically translated into a strong bid for so-called haven assets like gold.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Three Powerful Words That Build Lasting Relationships with Residents and Clients

By Marc Courtenay

In today’s world of ever-changing strategies and depersonalizing experiments with “virtual reality” and “artificial intelligence,” property managers need relationship-building skills they can depend upon. This article is about 3 of the most reliable words for creating an environment of trust and loyalty in all aspects of the property management industry. These 3 words are essential to our personal success.

The first is INTEGRITY without which our reputations and our relationships won’t stand the test of time. Are you a person who keeps their promises and whose word is as “good as gold”?
Without integrity there lacks trust, and without trust, loyalty withers and fades. Yes, that’s a simplistic statement, but I challenge anyone to disprove its veracity.

Devote some early mornings or weekend “down time” for reviewing the promises you’ve made to yourself, your colleagues, your clients and your residents. Are you devoted to fulfilling them? It’s so easy to slip into the habit of using sales promotions or marketing concepts that tend to over-promise and under-deliver. If you are truly honest with yourself and others, people will trust you.
In the final analysis we all want to do business with honest people whose personal ethics are founded on integrity. Through self-evaluation and with the help of trusted advisors we can strengthen ours.

The second powerful word is IMPROVEMENT. This can specifically relate to areas of service and the maintenance of the buildings that we manage. Has your management of maintenance issues improved in the years you’ve been a property manager? What have you done lately to evaluate how you handle complaints and maintenance issues? The opposite of improvement may be the word “deterioration.” If your rental units aren’t being preserved and carefully maintained on a scheduled basis you may find too many areas of disrepair. To initiate improvement in this area, begin meeting with your maintenance providers on a regular basis. Look at the history of work orders, how timely they were handled, and at what rate of success. Is the quality of your maintenance procedures contributing to the contentment of the property owners and the residents who pay the rent? What steps can you take today towards lasting improvement?

The third word for better results in your property management business is INNOVATION. In simple terms, innovation is the willingness to be a creative problem-solver, one who thinks outside the box. “No problem can be solved from the same level of consciousness that created it,” said the 20th century genius Albert Einstein. Are you open to better ways, more effective ways of operating your business? Procrastination is a big obstacle to proactive innovation. Begin today to discover who you work with, who you know with outstanding ideas for innovative progress. Ask questions, reach out for insights. Many of the latest technologies available were born of a need to innovate effective solutions, saving time and protecting our most important relationships. Learn where those technologies are found.

Integrity, improvement and innovation will preserve those aspects of your daily life that you treasure most. Incorporate in your self-management ways …read more

From:: Property Management