Monday, 26 February 2018

Comcast charging for heavy data use in 15 states

Xfinity on Campus streams content onto various devices using WiFi.

Comcast Corp., one of the nation’s largest home broadband providers, has expanded consumer trials to 15 states that charge Xfinity Internet subscribers extra fees if they stream many hours of online video or run through vast amounts of data.

The Comcast trials have rekindled a debate over whether the cable and telco industries should impose "data caps" on Internet users.

Data caps punish heavy Internet video streamers, or Netflix and Hulu users, while protecting cable-TV bundles, critics say.

But Comcast and other broadband providers say they are charging "bandwidth hogs" for the burdens they place on their networks. Comcast has set its monthly usage cap at 300 gigabytes. The median Comcast Xfinity customer consumes about 40 gigabytes, the company says.

Over the last two months, Comcast began a trial of an option of charging Xfinity Internet subscribers in South Florida and the Atlanta area an extra $30 or $35 a month for unlimited data usage.

Comcast has separately experimented with charging subscribers $10 for every 50 gigabytes of data over 300 gigabytes a month – or, as some say, $10 for a 50-gig bucket.

The Philadelphia company describes the data cap trials as localized. But data on the Comcast website shows it has expanded trials to 1,303 zip codes in 15 states – a significant part of Comcast’s cable-TV franchise areas. On Wednesday, Comcast added several small towns and cities in Tennessee, Virginia and Louisiana to the trial.

Mostly, the trial areas are in the South and Midwest. There are no data cap trials in the Philadelphia area and, technically, no consumption limits on Internet usage, though that could change.

"When you have 10 percent of the customers consuming 50 percent of the network bandwidth, it’s only fair that those consumers should pay more," Comcast spokesman Charlie Douglas said Wednesday.

Comcast has surveyed customers on options and there "has been interest" in the all-you-can-eat unlimited option that was rolled out in September in Florida for an additional $30 a month and in Georgia this month for an additional $35 a month.

Eight percent of Comcast customers use more than 300 gigabytes a month of data and thus might be potential customers for the unlimited option, the company says.

Douglas noted that Comcast also offers subscribers who use less than five gigabytes a month a $5 discount on their broadband bill in the trial areas.

At 300 gigabytes, an Internet subscriber can stream 230 to 575 hours of movies in a month, 5,500 hours of music, or 40,000 to 93,000 e-books, Comcast says.

Others note that the popularity of Netflix, bit-drenched high-definition video, large video game downloads and binge TV show viewing have boosted data consumption.

Don "D.J." O’Berry, 32, a Comcast subscriber in Norcross, Ga., and part of the trial area, says he can easily reach the 300-gigabytes monthly cap and has opposed the caps with tweets and complaints to the Federal Communications Commission.

"It’s not hard for me," said O’Berry, a network administrator for a private company who binge-watches Netflix and games, "to run over that cap if I don’t pay attention."

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Monday, 19 February 2018

Zenith Education closing Colorado Springs, Thornton campuses of Altierus Career College

Everest College is now Altierus Career College, in a rebranding effort that indicates a change in direction. Submitted photo.

Zenith Education Group will close its Altierus Career College campuses in Colorado Springs and Thornton, laying off 53 employees starting Jan. 8 but completing classes for current students, the Minneapolis-based nonprofit has told state officials.

The local campus, previously called Everest College, is at 1815 Jet Wing Drive near the Colorado Springs Airport and will operate until September. The Thornton campus will stay open until October 2019. Both will let students complete their programs, a Zenith spokeswoman said.

The closings are part of a restructuring that will shutter 21 campuses with 5,400 students nationwide and leave Zenith with campuses in Tampa, Fla.; Norcross, Ga., and Houston, allowing the company to "focus on the most effective initiatives and innovative ideas that provide underserved students with the best opportunities for career success," the company said in a Nov. 8 statement.

The local campus offers career education for dental and medical assistants, medical administration and computer information technology. Zenith acquired the campuses in 2015 from Corinthian Colleges Inc.

Corinthian was under scrutiny by federal and state regulators amid allegations that it falsified student job placement rates and misled prospective students by persuading them to take on too much debt. Corinthian shut down a 200-employee call center in Colorado Springs about the same time as the sale, later filed for bankruptcy and a month later closed its other campuses.

Zenith struggled after the acquisition, laying off more than half its workforce and losing thousands of students and more than $100 million. The sale included an agreement to forgive $480 million of loan debt held by former Corinthian students. The company hired a new CEO and secured a $250 million endowment to strengthen its balance sheet.

"Over the past few years, it has become evident to us that many of our campuses are located in areas that are geographically inconvenient for underserved students or not built to accommodate the programs we want and need to offer," Zenith said in the statement. "We will work with each and every student to help him/her achieve his/her education goals, just as we did when we acquired the campuses in 2015. No student was left behind then and we will ensure each has the opportunity for success now."

Contact Wayne Heilman: 636-0234

Twitter @wayneheilman

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Monday, 12 February 2018

Norcross, GA Real Estate: Newly Listed Homes for Sale

The houses for sale in and around Norcross are just a small portion of more than 4 million homes sold in Georgia. and across the United States every year. We’re not just talking listed homes for sale, either. We’re talking about homes for sale — that sell.

Looking for a home to buy? Or do you just like looking at what homes are on the market? Either way, here are the latest homes for sale in and around Norcross listed by our partners at realtor.com.

The houses for sale in and around Norcross are just a small portion of more than 4 million homes sold in Georgia. and across the United States every year. We’re not just talking listed homes for sale, either. We’re talking about homes for sale — that sell.

Looking for a home to buy? Or do you just like looking at what homes are on the market? Either way, here are the latest homes for sale in and around Norcross listed by our partners at realtor.com.

The houses for sale in and around Norcross are just a small portion of more than 4 million homes sold in Georgia. and across the United States every year. We’re not just talking listed homes for sale, either. We’re talking about homes for sale — that sell.

Looking for a home to buy? Or do you just like looking at what homes are on the market? Either way, here are the latest homes for sale in and around Norcross listed by our partners at realtor.com.

The houses for sale in and around Norcross are just a small portion of more than 4 million homes sold in Georgia. and across the United States every year. We’re not just talking listed homes for sale, either. We’re talking about homes for sale — that sell.

Looking for a home to buy? Or do you just like looking at what homes are on the market? Either way, here are the latest homes for sale in and around Norcross listed by our partners at realtor.com.

The houses for sale in and around Norcross are just a small portion of more than 4 million homes sold in Georgia. and across the United States every year. We’re not just talking listed homes for sale, either. We’re talking about homes for sale — that sell.

Looking for a home to buy? Or do you just like looking at what homes are on the market? Either way, here are the latest homes for sale in and around Norcross listed by our partners at realtor.com.

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Monday, 5 February 2018

Hudson Capital Adds 512 Units to SE Portfolio

Hudson Capital Properties has acquired two properties for a total of $66 million, the 288-unit Cary Reserve at Weston in Cary, N.C. for $46.8 million and the 224-unit Willow Trail in Norcross, Ga. for $19.3 million. These two purchases will add 512 units to the companies growing Southeastern portfolio.

Cary Reserve at Weston, Cary, N.C.

“Our goal for 2018 is to continue building out our portfolio, specifically targeting acquisitions in our target markets including Atlanta, the Research Triangle [Raleigh, Durham, Chapel Hill], and Dallas-Ft. Worth, which we feel enjoy the combination of favorable demographics and employment growth, good weather, and lower cost of living that makes certain Southeastern apartment markets so attractive,” said Robert Cohen II, executive vice president of HCP.

The company plans on investing $7 million of additional capital into strategic improvement plans for both properties. For Cary Reserve, HCP will bring all units up to a Class A level, as well as enhance the overall curb appeal and amenity set. For Willow Trail, the company is planning for a two-pronged value-add program that will replace the current management with its third-party team from Westdale, as well as performing a unit renovation program.

Cary Reserve at Weston

Located at 1000 Heathmoor Lane, Cary Reserve at Weston offers one-, two- and three-bedroom floorplans ranging from 692 to 1,362 square feet, across 27 three-story buildings. The asset was purchased from Duck Pond Realty and was subject to a $33.4 million Freddie Mac loan, according to Yardi Matrix. Constructed in 1995, the property is situated on 32.7 acres and offers interior features such as washer/dryers, fireplaces, high ceilings and private balcony/patios. Residents have access to amenities including:

car care center swimming pool tennis courts grilling areas tenant lounge business center billiard room outdoor storage dog park playground 5,000-square-foot fitness center carports and garages 610 parking spaces

The property is ideally located in North Carolina’s Research Triangle, which provides access to two of the Triangle’s largest employment nodes, Weston Parkway Office Corridor and Research Triangle Park. The community is also within close proximity to the Arboretum at Weston Shopping Center, which offers more than one million square feet of retail and dining options.

Willow Trail
Willow Trail, Norcross, Ga.

Situated at 1500 Willow Trail Drive, Willow Trail features one- and two-bedroom floorplans ranging from 652 to 1,200 square feet, across 14 two-story buildings. The community was purchased from GFI Capital Resources Group and was subject to a $13.5 million Freddie Mac loan, according to Yardi Matrix. Built in 1985, the property offers interior features such as washer/dryer hookups, fireplaces and private balcony/patios. Residents have access to amenities including:

basketball court playground swimming pool outdoor storage laundry facilities 500 parking spaces

The community is located in Gwinnett County, one of the fastest growing counties in the country. It is situated within 10 miles of 27 million square feet of Class A office space, 450,000 jobs and various retail and entertainment options. Interstate 85 and State Route 403 are also within close proximity.

“HCP’s acquisition strategy for the Southeast targets high-quality assets in great locations, with strong potential to add value through our thoughtful process of modernization and amenitization,” added Cohen. “Cary Reserve and Willow Trail suit the strategy perfectly and we’re pleased to successfully conclude these transactions and incorporate the assets into our expanding portfolio, which now exceeds 6,500 units.”

Last December, Madison Realty Capital closed on a $15 million bridge loan for a residential and retail development in Brooklyn, N.Y. that refinances a prior loan of $13 million held by Hudson Capital.

Images courtesy of Hudson Capital Properties

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