A planned Ronald McDonald House in Westwood Village has secured a $1 million donation from the Rafael and Sharyl Mendez Family Foundation to support its establishment. The project, which involves converting a former Hilgard Avenue boutique hotel into a 33,000-square-foot facility, aims to provide no-cost lodging for families with children receiving medical treatment at nearby … Read more
CDC Data Centres’ New Zealand subsidiary recorded a net loss of $87.7m for the 2026 financial year, despite generating a gross profit of $117.3m. According to company filings, the loss was driven by $145.6m in fair value write-downs on investment properties, foreign exchange volatility, and rising debt costs, contrasting sharply with a $637.6m profit in … Read more
Green & McCahill Holdings, the company behind the sprawling Weiti Bay development north of Auckland, has entered liquidation following a protracted legal dispute and insolvency. According to liquidators Fisk and Bennett, the company’s collapse was driven by a failed subdivision project, an adverse High Court judgment, and subsequent creditor enforcement actions involving more than $67 … Read more
The Weiti Bay housing project, a 909-hectare coastal development north of Auckland, remains stalled in a high-stakes legal battle as creditors seek to recover more than $67 million in debt. Following a May Court of Appeal ruling, control of the land is now subject to an expressions-of-interest process managed by administrators, as warring parties contest … Read more
Milken Community School has secured a $36 million donation from the Koum Family Foundation, pushing the institution’s current capital campaign to $152 million. The school, which serves over 850 students, will rename its 22-acre east campus—formerly the American Jewish University site—to the Jan Koum Campus of Milken Community School, according to official school statements. Why … Read more
Fast Retailing Co., Ltd., the parent company of Uniqlo, has pledged JPY 30 million (approximately US$185,000) and 2,000 items of AIRism clothing to support recovery efforts in Mindanao following a magnitude 7.8 earthquake that struck on June 8. The aid, directed to the SM Foundation and ABS-CBN Foundation, follows previous emergency distributions by UNIQLO Philippines … Read more
Flaxmere Supermarket is closing its doors as TW Property prepares for a major redevelopment of the Flaxmere Village Shopping Centre. According to TW Property chief executive Terry May, the supermarket’s lease was terminated through a negotiated agreement, clearing the way for a new road and infrastructure project that will replace existing tenancies. Why is the … Read more
The Bundibugyo Ebola outbreak in the Democratic Republic of Congo (DRC) and Uganda has reached 381 confirmed cases, marking it as one of the largest on record. While this public health emergency intensifies, progress continues in other sectors: South Africa has launched the twice-yearly HIV prevention drug lenacapavir, and new Lancet data confirms the RTS,S/AS01 … Read more
The Evolution of JDM: From Street Tuners to Million-Dollar Assets For decades, the Japanese Domestic Market (JDM) was a niche obsession for gearheads and underground racers. Today, it has transformed into a high-stakes asset class. We are seeing a fundamental shift where iconic vehicles, specifically the Nissan Skyline GT-R R34, are no longer viewed merely … Read more
The Complete of the Vanishing Act: How Technology is Solving Decades-Old Cold Cases For decades, the “clean break” was a viable, if drastic, option for those wishing to disappear. A legal name change, a one-way ticket, and a new residence in a distant country could effectively erase a person’s identity from the map. The case … Read more