Big deal: Thompson National Properties paid $39.75 million for The Millennium Towne Center, an upscale Jefferson Highway apartment complex, according to court filings. Thompson, based out of California, purchased the 276-unit complex from the Dinerstein Companies in a deal that closed last week. At the time, Thompson did not disclose the sale price.
Shhhhhhh! Congress and the Federal Communications Commission are looking at taking steps to force television advertisers to turn down the volume on commercials, according to McClatchy Newspapers. The agencies are considering steps that would limit ad volumes to no louder than the average decibels during the TV shows in which they appear. Currently, ads can be no louder than the loudest peak of a show, but the volume high point is rarely just before a commercial break. A spokesman with the Association of National Advertisers says broadcasters and advertisers want to set their own standards and new steps could be introduced in a few months. Read the story here.
