New Mexico sues Clark Hunt over $300M investment, alleged kickbacks

A lawsuit filed in late August contends that Clark Hunt, HFV Asset Management LP and 20 others received $300 million in investment money from the state of New Mexico as the result of a kickback deal.

The Kansas City Star reports that the New Mexico State Investment Council’s lawsuit accuses the defendants of agreeing to a “pay to play” arrangement that included kickbacks paid to a pair of political insiders.

As a result of the deal, the lawsuit also claims that HFV Asset Management, in which Hunt…

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Source: Homes and Lifestyle

Burns & McDonnell team alleges conflict with city's KCI counsel

The Burns & McDonnell-led team in the four-way competition for the roughly $1 billion job of designing, building and financing a new one-terminal Kansas City International Airport (Code: MCI) is asking the city to immediately terminate Husch Blackwell LLP as one of its advisers on the selection process because of an alleged conflict of interest.

David Frantze, a Stinson Leonard Street LLP attorney representing the Burns & McDonnell team, said in a letter to city officials [PDF] Monday that a relationship…

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Source: Homes and Lifestyle

Biggest aerospace deal in history includes KC plant in $23B acquisition

Employees at a local manufacturing facility will have to learn the name of another new owner.

After nearly two decades as the local unit of B/E Aerospace Inc., a 130,000-square-foot manufacturing facility at 10800 Pflumm Road in Lenexa sold in October to Cedar Rapids, Iowa-based Rockwell Collins Inc. (NYSE: COL). Less than a year later, the plant is about to have another new owner.

According to The Wall Street Journal, United Technologies Corp. (NYSE: UTX) has reached a deal to buy the airplane-parts…

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Source: Homes and Lifestyle

How Your Home’s Value Grows Your Family’s Wealth

What’s Your Home Worth?

How Your Home’s Value Grows Your Family’s Wealth | Simplifying The MarketOver the next five years, home prices are expected to appreciate 3.64% per year on average and to grow by 18.4% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey. So, what does this mean for homeowners and their equity position? As an example, let’s assume a young couple purchased and closed on a $250,000 home in January.
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Source: KCM