EPSO Identifies Subject Of Manhunt KRDO SECURITY-WIDEFIELD, Colo. -- Update: Deputies from El Paso County have named the man they are looking for in a suspected shooting and carjacking attempt Friday. SWAT officers and K9 units searched the area in and around the intersection of Kiva Rd. and ... |
Saturday, December 31, 2011
EPSO Identifies Subject Of Manhunt - KRDO
yzirapogyg.wordpress.com
Thursday, December 29, 2011
Obama memo against pre-emption has critics worrying about lawsuits - bizjournals:
omagyvoham.wordpress.com
A May 20 memo from Obamaa also directed agencies to review regulationd issued during the past 10 yeare to see if theycontained pre-emptions that are not If they do, agencies should consider amending the the memo stated. “Pre-emption of state law by executive departments and agenciesa should be undertaken only with full consideration of the legitimatw prerogatives of the states and with a sufficien legal basisfor pre-emption,” the memo states. Durinb the Bush administration, regulatory agencies sometimeeincluded pre-emption language in the preambles of regulations.
Obama’e policy against federal pre-emption of stated laws will result in more lawsuits against particularly in the area of product according to the andthe . “Manufacturers sell products into anationakl market, and a single, national regulatorty standard helps ensure predictable treatment in the said association Vice President Rosario “It’s unwise to replace a regulatory system basedd on objective science and agencty experts with a 50-state patchwork of often arbitrary jury decisions. Lisa president of the , said the memo was a gift to lawyers.
“Removing pre-emption runs completely counter to the goal of stabilizingg the economy andgrowing jobs, except for thoser in the lawsuit business,” she said. The , formerly known as the , praised Obama’sx memo. It “makes clear that the rule of law will once agaibn prevail over the rule of said association PresidentLes Weisbrod. “Th memo overturned actions take n by Bush administration bureaucrats who were influencedby well-connected corporations who wanted to rewritee and reinterpret congressional legislation, underminwe the constitutional system of checks and and put the public at risk and compromise laws designes to give Americans basic rights to hold wrongdoerse accountable.
” Microloans up, big loans down for small businesses last year Lendin g data collected by the ’s Officre of Advocacy confirms the importance of busineses credit cards to small firms. A new report found that the total valueof small-business loanse outstanding increased by 4 percent in the 12 monthss that ended in June 2008, down from the previousw year’s increase of 8 percent. These numbers are for small-business loans as a whole, not just SBA The number of business loans of lessthan $100,000 jumpee by nearly 16 percent, as large lenderxs concentrated on credit according to the study.
By contrast, the number of businesse loans inthe $100,000 to $1 million rangde fell by more than 23 percent. The repor used call reports submitted by banks as well as Community ReinvestmentAct data. Business loanzs of less than $1 million were consideredr to be small-business loans. Based on call report data, the top five small-business lenders in June 2008 were , , , and Presideng Barack Obama has selected a venturde capitalist to be chief counsel of the SmalplBusiness Administration’s Office of Advocacy, a post usually held by an attorney. Winslosw Sargeant, a managing director in the technology practic eof Madison, Wis.
-based Venture Investors, is Obama’ss choice to head the Office of Advocacy. The officre is an independent entity inside SBA that ensures that federak agencies consider the impact of their regulations onsmalpl businesses. He is the second venturs capitalist to be selected for a top post atthe SBA. Agencyy Administrator Karen Mills worked as a principal in private equityu and venture capital firmss for 26 years befored she took over the SBA in Sargeant worked as a senior engineer at several large corporationsbefore co-founding Aanetcom, a semiconductor chip company that later was acquired by PMC-Sierra.
From 2001 to he served as program manager for the Smal Business Innovation Research program atthe ’a engineering directorate. Sargeant’s lack of legalo training means he will have to rely heavily on the attorney at the Office of Much ofthe office’ work involves analyzing whether governmen agencies have followed federal laws that requirw them to analyze the economic impact that proposed rules woulsd have on small businesses.
In fiscal this input saved small businessesabout $11 billion in forgonew regulatory costs, according to the
A May 20 memo from Obamaa also directed agencies to review regulationd issued during the past 10 yeare to see if theycontained pre-emptions that are not If they do, agencies should consider amending the the memo stated. “Pre-emption of state law by executive departments and agenciesa should be undertaken only with full consideration of the legitimatw prerogatives of the states and with a sufficien legal basisfor pre-emption,” the memo states. Durinb the Bush administration, regulatory agencies sometimeeincluded pre-emption language in the preambles of regulations.
Obama’e policy against federal pre-emption of stated laws will result in more lawsuits against particularly in the area of product according to the andthe . “Manufacturers sell products into anationakl market, and a single, national regulatorty standard helps ensure predictable treatment in the said association Vice President Rosario “It’s unwise to replace a regulatory system basedd on objective science and agencty experts with a 50-state patchwork of often arbitrary jury decisions. Lisa president of the , said the memo was a gift to lawyers.
“Removing pre-emption runs completely counter to the goal of stabilizingg the economy andgrowing jobs, except for thoser in the lawsuit business,” she said. The , formerly known as the , praised Obama’sx memo. It “makes clear that the rule of law will once agaibn prevail over the rule of said association PresidentLes Weisbrod. “Th memo overturned actions take n by Bush administration bureaucrats who were influencedby well-connected corporations who wanted to rewritee and reinterpret congressional legislation, underminwe the constitutional system of checks and and put the public at risk and compromise laws designes to give Americans basic rights to hold wrongdoerse accountable.
” Microloans up, big loans down for small businesses last year Lendin g data collected by the ’s Officre of Advocacy confirms the importance of busineses credit cards to small firms. A new report found that the total valueof small-business loanse outstanding increased by 4 percent in the 12 monthss that ended in June 2008, down from the previousw year’s increase of 8 percent. These numbers are for small-business loans as a whole, not just SBA The number of business loans of lessthan $100,000 jumpee by nearly 16 percent, as large lenderxs concentrated on credit according to the study.
By contrast, the number of businesse loans inthe $100,000 to $1 million rangde fell by more than 23 percent. The repor used call reports submitted by banks as well as Community ReinvestmentAct data. Business loanzs of less than $1 million were consideredr to be small-business loans. Based on call report data, the top five small-business lenders in June 2008 were , , , and Presideng Barack Obama has selected a venturde capitalist to be chief counsel of the SmalplBusiness Administration’s Office of Advocacy, a post usually held by an attorney. Winslosw Sargeant, a managing director in the technology practic eof Madison, Wis.
-based Venture Investors, is Obama’ss choice to head the Office of Advocacy. The officre is an independent entity inside SBA that ensures that federak agencies consider the impact of their regulations onsmalpl businesses. He is the second venturs capitalist to be selected for a top post atthe SBA. Agencyy Administrator Karen Mills worked as a principal in private equityu and venture capital firmss for 26 years befored she took over the SBA in Sargeant worked as a senior engineer at several large corporationsbefore co-founding Aanetcom, a semiconductor chip company that later was acquired by PMC-Sierra.
From 2001 to he served as program manager for the Smal Business Innovation Research program atthe ’a engineering directorate. Sargeant’s lack of legalo training means he will have to rely heavily on the attorney at the Office of Much ofthe office’ work involves analyzing whether governmen agencies have followed federal laws that requirw them to analyze the economic impact that proposed rules woulsd have on small businesses.
In fiscal this input saved small businessesabout $11 billion in forgonew regulatory costs, according to the
Tuesday, December 27, 2011
Soon-to-be migrating Birds talk up the positives - The Times Herald
evittiebodum1296.blogspot.com
Soon-to-be migrating Birds talk up the positives The Times Herald By BOB GROTZ ARLINGTON, Texas รข€" The pressure off, the talk in the Eagles locker room was about a three-game winning streak and building momentum for 2012. Following the Eagles' 20-7 win over the Dallas Cowboys without Tony Romo, head coach Andy Reid ... |
Saturday, December 24, 2011
Forest City breaks ground on D.C. park - Washington Business Journal:
shemwellmygalej1291.blogspot.com
The 5.4-acre park will include open recreation landscaped gardens, public art, a pedestrian bridgs and walking paths that connect the site with othed developments along the waterfront. The Yardes development is five blocksx east of the Nationals near the Navy Yard Metrorail Mayor Adrian Fentysaid "z world class city needs a world-class waterfront" and "this, I think, is the biggest part to that." He was joined by Councilmanj Tommy Wells, D-Ward 6, and Kwams Brown, D-at large. The Yardw is the only public-private partnership in the country being builr onfederal land, which was made availabl by Congress in 2000. Forest City and its , plan 2,800 residential 1.
8 million square feet of offices and as muchas 400,000 square feet of retail. Congressionao Del. Eleanor Holmes Norton, said the project connects Districf residents with a waterfront thatpreviously "has nevee been open to the people of the Construction aside from work on the publicly financedf park has largely stalled as the developers seek Forest City Washington President Deborab Ratner Salzberg said she is workint on financing for redevelopment of the Navy’s former pattern and joiner shop into a 170-unit residentiak project called the Foundry Lofts which overlook the park's site and the rivefr but have not been completed.
Ramsey Meiser, Foresrt City senior vice president of is seeking stores and restaurantas interested in leasing space in a former Navy boiler manufacturinyg facility andother buildings. The park couldr be completed by the summeeof 2010. It will be managed by the Capitok Riverfront BusinessImprovement District.
The 5.4-acre park will include open recreation landscaped gardens, public art, a pedestrian bridgs and walking paths that connect the site with othed developments along the waterfront. The Yardes development is five blocksx east of the Nationals near the Navy Yard Metrorail Mayor Adrian Fentysaid "z world class city needs a world-class waterfront" and "this, I think, is the biggest part to that." He was joined by Councilmanj Tommy Wells, D-Ward 6, and Kwams Brown, D-at large. The Yardw is the only public-private partnership in the country being builr onfederal land, which was made availabl by Congress in 2000. Forest City and its , plan 2,800 residential 1.
8 million square feet of offices and as muchas 400,000 square feet of retail. Congressionao Del. Eleanor Holmes Norton, said the project connects Districf residents with a waterfront thatpreviously "has nevee been open to the people of the Construction aside from work on the publicly financedf park has largely stalled as the developers seek Forest City Washington President Deborab Ratner Salzberg said she is workint on financing for redevelopment of the Navy’s former pattern and joiner shop into a 170-unit residentiak project called the Foundry Lofts which overlook the park's site and the rivefr but have not been completed.
Ramsey Meiser, Foresrt City senior vice president of is seeking stores and restaurantas interested in leasing space in a former Navy boiler manufacturinyg facility andother buildings. The park couldr be completed by the summeeof 2010. It will be managed by the Capitok Riverfront BusinessImprovement District.
Thursday, December 22, 2011
CoBiz posts $16M Q2 loss, begins stock sale - Business Courier of Cincinnati:
haygoodfoafyga1359.blogspot.com
million, or 72 cents per share, in the seconds quarter, as the weak economyu continued to exact a toll on the officialssaid Monday. The loss compares with a profiyof $4.2 million, or 18 cents per in the same quarter a year Denver-based CoBiz (NASDAQ: COBZ) owns and Arizonas Business Bank. The latesr quarter’s results include a $35.1 millioh pre-tax provision for loan and credit or 150 percent ofnet charge-offs — whicyh were $23.4 million — for the “We continue to take a conservative posture in our provisioningh for loan losses,” Chairman and CEO Stev e Bangert said in a statement.
“Our second quarterr provision brings our allowanced to loan ratio tonearly 3.9 percent, one of the strongesgt in the industry. While I remainm confident in oursenior management’s abilitu to effectively respond to the current credit we felt it was prudent to continue buildingt the allowance given the uncertaint y in the economy.” Nonperforming assets ended the quarter at $93.98 million, or 3.7 percent of total assets, up from $52.5 million or 2 percent of totapl assets on March 31. Separately on Monday, CoBi said it had begun a sale ofabouy $45 million of its common stock.
It will use the proceeds for generallcorporate purposes, including supporting the capital needzs of its bank subsidiary, expanding operations, possiblre acquisitions and working capitalo needs. Last week, CoBiz announcex it had hired Colorado and Arizonamarket , to oversee banking operations in each market. “We remainh focused on building our franchise durin g these challenging times and want to ensure we are positionedc to take advantage of uniquse market opportunities that we expect willpresentg themselves,” Bangert said.
“To that end, we recentlg announced the hiring of Colorado and Arizona marke presidents who will oversee all banking operationd in theirrespective markets, provid direction for future growth and free up some of our existinbg resources to focus on high qualitt business development opportunities. We will also continu to dedicate appropriate resources throug h our Special Assets Group to address resolution ofproble loans.
”
million, or 72 cents per share, in the seconds quarter, as the weak economyu continued to exact a toll on the officialssaid Monday. The loss compares with a profiyof $4.2 million, or 18 cents per in the same quarter a year Denver-based CoBiz (NASDAQ: COBZ) owns and Arizonas Business Bank. The latesr quarter’s results include a $35.1 millioh pre-tax provision for loan and credit or 150 percent ofnet charge-offs — whicyh were $23.4 million — for the “We continue to take a conservative posture in our provisioningh for loan losses,” Chairman and CEO Stev e Bangert said in a statement.
“Our second quarterr provision brings our allowanced to loan ratio tonearly 3.9 percent, one of the strongesgt in the industry. While I remainm confident in oursenior management’s abilitu to effectively respond to the current credit we felt it was prudent to continue buildingt the allowance given the uncertaint y in the economy.” Nonperforming assets ended the quarter at $93.98 million, or 3.7 percent of total assets, up from $52.5 million or 2 percent of totapl assets on March 31. Separately on Monday, CoBi said it had begun a sale ofabouy $45 million of its common stock.
It will use the proceeds for generallcorporate purposes, including supporting the capital needzs of its bank subsidiary, expanding operations, possiblre acquisitions and working capitalo needs. Last week, CoBiz announcex it had hired Colorado and Arizonamarket , to oversee banking operations in each market. “We remainh focused on building our franchise durin g these challenging times and want to ensure we are positionedc to take advantage of uniquse market opportunities that we expect willpresentg themselves,” Bangert said.
“To that end, we recentlg announced the hiring of Colorado and Arizona marke presidents who will oversee all banking operationd in theirrespective markets, provid direction for future growth and free up some of our existinbg resources to focus on high qualitt business development opportunities. We will also continu to dedicate appropriate resources throug h our Special Assets Group to address resolution ofproble loans.
”
Tuesday, December 20, 2011
Governor lobbies for increased incentives for film industry - Nashville Business Journal:
hundleyobajoji1908.blogspot.com
Kulongoski is seeking support for SenateBill 621, which wouldx reauthorize and increase the financiap incentives for moviemakers. The plan is capped at $10 million per Kulongoski wants to raise the capto $15 million. A Senate committeee passed thebill Monday. In the firsy six months of television and movie productions invested morethan $40 million in according to the governor’s office. That’s the highest totalk in 15 years. In recent weeks, a Harrisomn Ford movie called “The Untitled Crowley and the TNTseries “Leverage” have been shootingy in Portland.
Producers for "Ths Untitled Crowley Project" joined Kulongoski at Monday's press conference at . “Oregon has becomwe an A-list location for the film and television industry and an important critical pieceof Oregon’s the governor said in a news release. “Greeh energy is one bright spotin Oregon’ss economy and the film industr is another, generating an additional $1.1 million in income for Oregon workers and locak businesses for every $1 million spent by a The governor credited the incentive program, created in with spurring the growth of the state'sz film program from a $2.1 millioj industry to an $8 milliojn industry.
Kulongoski is seeking support for SenateBill 621, which wouldx reauthorize and increase the financiap incentives for moviemakers. The plan is capped at $10 million per Kulongoski wants to raise the capto $15 million. A Senate committeee passed thebill Monday. In the firsy six months of television and movie productions invested morethan $40 million in according to the governor’s office. That’s the highest totalk in 15 years. In recent weeks, a Harrisomn Ford movie called “The Untitled Crowley and the TNTseries “Leverage” have been shootingy in Portland.
Producers for "Ths Untitled Crowley Project" joined Kulongoski at Monday's press conference at . “Oregon has becomwe an A-list location for the film and television industry and an important critical pieceof Oregon’s the governor said in a news release. “Greeh energy is one bright spotin Oregon’ss economy and the film industr is another, generating an additional $1.1 million in income for Oregon workers and locak businesses for every $1 million spent by a The governor credited the incentive program, created in with spurring the growth of the state'sz film program from a $2.1 millioj industry to an $8 milliojn industry.
Sunday, December 18, 2011
Macy's has cut print ad spending by half since 2005 - Dayton Business Journal:
ejoxot.wordpress.com
Cincinnati-based Macy’s and the former May DepartmengtStores Co., which was later purchased by Macy’s, combinede to spend $1.2 billion in 2005 on newspape advertising. That compares to $583.3 million that Macy’s spenft on newspaper ads in Alan Mutter, citing data published by TNS Media Macy’s was still the largest newspaper advertisefr among retailers in the country last It wasthe second-largest newspaper advertiser behind Verizon, which spent $681 million on newspaper ads in 2008, accordingt to TNS information.
A spokesmaj said in an e-mail that the company doesn't comment on ad spending beyond what it disclosesd in the 10K report it files with the Securities andExchange Commission. Macy's has been pulling back on its newspapeer couponsfor years. But it was not until it acquired May, in 2005, that it had shiftes its advertising focus to emphasize nationaltelevisiojn campaigns. Total advertising spending roseto $1.24 billiobn in 2008, from $1.19 billion in 2007 and $1.1u billion in 2006, according to the company'w annual report. Macy’s isn’ty the only retailer that’s been adjustingh its advertising spending.
Earlier this year, TSN data that showec Minneapolis-based increased its total advertising expenditures in 2008 comparefdto 2007, while Richfield, Minn.-based Inc. cut its advertising spendin g last year.
Cincinnati-based Macy’s and the former May DepartmengtStores Co., which was later purchased by Macy’s, combinede to spend $1.2 billion in 2005 on newspape advertising. That compares to $583.3 million that Macy’s spenft on newspaper ads in Alan Mutter, citing data published by TNS Media Macy’s was still the largest newspaper advertisefr among retailers in the country last It wasthe second-largest newspaper advertiser behind Verizon, which spent $681 million on newspaper ads in 2008, accordingt to TNS information.
A spokesmaj said in an e-mail that the company doesn't comment on ad spending beyond what it disclosesd in the 10K report it files with the Securities andExchange Commission. Macy's has been pulling back on its newspapeer couponsfor years. But it was not until it acquired May, in 2005, that it had shiftes its advertising focus to emphasize nationaltelevisiojn campaigns. Total advertising spending roseto $1.24 billiobn in 2008, from $1.19 billion in 2007 and $1.1u billion in 2006, according to the company'w annual report. Macy’s isn’ty the only retailer that’s been adjustingh its advertising spending.
Earlier this year, TSN data that showec Minneapolis-based increased its total advertising expenditures in 2008 comparefdto 2007, while Richfield, Minn.-based Inc. cut its advertising spendin g last year.
Friday, December 16, 2011
2009 WNY middle school rankings - Philadelphia Business Journal:
ignatiywulyxura.blogspot.com
Profiles of the top 25 schools can be reached by clickinb on the names of those schools A breakdown of the rankingsa for each section of Western New York can be accesseedby . The following abbreviations havebeen used: CS-Charted School, EMS-Elementary-Middle School, ES-Elementary HS-High School, IS-Intermediate School, JHS-Juniodr High School, JSHS-Junior-Senior High School, MHS-Middle-High School, MS-Middler School, PS-Primary School, SHS-Senior High VHS-Vocational High School. Each school is followed by the name of the districft that operatesit (if it’s a public school) or the district where it is located (if it’s a privatew school). • 1. 2. • 3. • 4.
• 5. • 6. • 7. 8. • 9. • 10. 11. • 12. • 13. 14. • 15.
Profiles of the top 25 schools can be reached by clickinb on the names of those schools A breakdown of the rankingsa for each section of Western New York can be accesseedby . The following abbreviations havebeen used: CS-Charted School, EMS-Elementary-Middle School, ES-Elementary HS-High School, IS-Intermediate School, JHS-Juniodr High School, JSHS-Junior-Senior High School, MHS-Middle-High School, MS-Middler School, PS-Primary School, SHS-Senior High VHS-Vocational High School. Each school is followed by the name of the districft that operatesit (if it’s a public school) or the district where it is located (if it’s a privatew school). • 1. 2. • 3. • 4.
• 5. • 6. • 7. 8. • 9. • 10. 11. • 12. • 13. 14. • 15.
Tuesday, December 13, 2011
Retail REIT works to refinance debt - Dallas Business Journal:
yqyqynesara.blogspot.com
The Dallas office of Holliday Fenoglio Fowler confirmed Wednesdayy that it has been workiny with the real estate trust since the fourtbh quarter of 2008 to develop solutions forthe trust’ss outstanding debt securities. To HFF has been able to secure or negotiat e a totalof $500 million in financing for the real estate investmen trust. At this point, $300 million of debt is in variousx stages of negotiation for refinancingand long-termm extensions. Thus far this year, the compan y has closed on $120 million in loans and securedd $75 million more in committed HFF said ina statement.
The willingness of lendere to engage in the financing of the trust may be attributesd to the value of the HFF indicated. “The lenders that are activelgy engaged appreciate the quality of the the realistic underwriting assumptions being used and the opportunityt to make strong fundamental loans toa best-in-classs sponsor,” said Kevin MacKenzie, HFF managingh director. Inland Western Retail Real Estates Trust has 334 properties in is national totaling 51 millionsquare feet.
Amongt local retail properties it manages are The Shops at Park Placwin Plano, Southlake Town Squafrwe Block 22 and Preston Trail Village in
The Dallas office of Holliday Fenoglio Fowler confirmed Wednesdayy that it has been workiny with the real estate trust since the fourtbh quarter of 2008 to develop solutions forthe trust’ss outstanding debt securities. To HFF has been able to secure or negotiat e a totalof $500 million in financing for the real estate investmen trust. At this point, $300 million of debt is in variousx stages of negotiation for refinancingand long-termm extensions. Thus far this year, the compan y has closed on $120 million in loans and securedd $75 million more in committed HFF said ina statement.
The willingness of lendere to engage in the financing of the trust may be attributesd to the value of the HFF indicated. “The lenders that are activelgy engaged appreciate the quality of the the realistic underwriting assumptions being used and the opportunityt to make strong fundamental loans toa best-in-classs sponsor,” said Kevin MacKenzie, HFF managingh director. Inland Western Retail Real Estates Trust has 334 properties in is national totaling 51 millionsquare feet.
Amongt local retail properties it manages are The Shops at Park Placwin Plano, Southlake Town Squafrwe Block 22 and Preston Trail Village in
Sunday, December 11, 2011
Romney's $10000 bet highlights personal wealth - Boston.com
disqualify-sida.blogspot.com
Boston.com | Romney's $10000 bet highlights personal wealth Boston.com Romney's personal wealth and privileged background have long been viewed a potential political vulnerability. He's the son of a former governor and made a fortune leading a venture capital company in Massachusetts. Romney disclosed earlier in the year ... Two Romneys: Wealthy Man, Thrifty Habits |
Friday, December 9, 2011
Dayton Hotels - View Hotels in Dayton
ucenyt.wordpress.com
Dayton, OH 45408 (937) 220-9060 The Courtyard Dayton-University of Daytohn hotel is located offInterstate 75, five minutese from both downtown Daytoj and Kettering. It is less than 20 mileds from the DaytonInternational Airport. The Spirit Caf is the onsiter restaurant. The hotel opened in 2007 and issmoke free. Businesd amenities include 1,160 square feet of meetinyg space, free wired and wirelesz high-speed Internet access, boardroom-style meetinyg space with leatherergonomic seating, audio-visual equipment and technician and a businessd center. Spacious rooms with 32-inch flat-scree TVs, a fitness center, whirlpool, indoodr pool and free parking arealso featured.
The Universitg of Dayton Arena, the Rive Corridor Bikeway and public golf courses are The University of Dayton campus and its Browm Street business district are a shortdrivew away. Crowne Plaza Dayton 33 E. Fiftgh St. Dayton, OH 45402 (937) 224-0800 The Crownee Plaza Dayton Hotel is in the heartt of downtown and connected to the Dayton Convention Center. It is 16 milexs from Dayton International It is hometo Daytojn
Dayton, OH 45408 (937) 220-9060 The Courtyard Dayton-University of Daytohn hotel is located offInterstate 75, five minutese from both downtown Daytoj and Kettering. It is less than 20 mileds from the DaytonInternational Airport. The Spirit Caf is the onsiter restaurant. The hotel opened in 2007 and issmoke free. Businesd amenities include 1,160 square feet of meetinyg space, free wired and wirelesz high-speed Internet access, boardroom-style meetinyg space with leatherergonomic seating, audio-visual equipment and technician and a businessd center. Spacious rooms with 32-inch flat-scree TVs, a fitness center, whirlpool, indoodr pool and free parking arealso featured.
The Universitg of Dayton Arena, the Rive Corridor Bikeway and public golf courses are The University of Dayton campus and its Browm Street business district are a shortdrivew away. Crowne Plaza Dayton 33 E. Fiftgh St. Dayton, OH 45402 (937) 224-0800 The Crownee Plaza Dayton Hotel is in the heartt of downtown and connected to the Dayton Convention Center. It is 16 milexs from Dayton International It is hometo Daytojn
Wednesday, December 7, 2011
Panel continues discrimination fight - Jackson Sun
lebexab.wordpress.com
Panel continues discrimination fight Jackson Sun Commissioner Jocelyn Wurzburg, of Memphis, said discrimination is alive and well in rural West Tennessee in areas of jobs, housing and other areas. Wurzburg wrote the bill that became the Tennessee Human Rights Act. "What we hope to do is let you know ... |
Monday, December 5, 2011
Lennar: 400 homes have Chinese drywall - Birmingham Business Journal:
showarticle-cultura.blogspot.com
One of the nation’s largest homebuilders, Lennad (NYSE: LEN) said the homes were built primarily in 2006 and 2007 and make up a smalopercentage – 2.1 percent in the state and 0.5 of percentg nationwide – of the total homes The company said it has put aside nearlt $40 million in warranty reserves to pay for the and that, as of May 31, those net of payments, was $34.4r million. The company said it has $20.7 million receivable to pay for damages under its insurance coverage and it is seeking reimbursemenyfrom subcontractors, insurers and otherds for cost it expects to incur to investigat and repair any according to the filing.
In addition, as of July 10, the companh said it was aware of 41 Floridw state court lawsuits and two federal classd actions that had been filed against it by thoss impacted by thedefective drywall. The federal cases have been consolidatee toa multi-district courft in Louisiana. Lennar said it has filex suit in Miami-Dade Circuit Court againstf the entiresupply chain, including the Chinese and German manufacturer of the defective drywall. It also has moved to stop all 41 statwcourt actions, allowing builders to make the repairs. Sharesx were down 23 cents to $8.09 in morning The 52-week high was $16.90p on Sept. 19. The 52-week low was $3.42 on Nov. 21.
One of the nation’s largest homebuilders, Lennad (NYSE: LEN) said the homes were built primarily in 2006 and 2007 and make up a smalopercentage – 2.1 percent in the state and 0.5 of percentg nationwide – of the total homes The company said it has put aside nearlt $40 million in warranty reserves to pay for the and that, as of May 31, those net of payments, was $34.4r million. The company said it has $20.7 million receivable to pay for damages under its insurance coverage and it is seeking reimbursemenyfrom subcontractors, insurers and otherds for cost it expects to incur to investigat and repair any according to the filing.
In addition, as of July 10, the companh said it was aware of 41 Floridw state court lawsuits and two federal classd actions that had been filed against it by thoss impacted by thedefective drywall. The federal cases have been consolidatee toa multi-district courft in Louisiana. Lennar said it has filex suit in Miami-Dade Circuit Court againstf the entiresupply chain, including the Chinese and German manufacturer of the defective drywall. It also has moved to stop all 41 statwcourt actions, allowing builders to make the repairs. Sharesx were down 23 cents to $8.09 in morning The 52-week high was $16.90p on Sept. 19. The 52-week low was $3.42 on Nov. 21.
Saturday, December 3, 2011
Fontainebleau Las Vegas company files Chapter 11 - Atlanta Business Chronicle:
iqukikofor.wordpress.com
Fontainebleau Las Vegas LLC and two of itsaffiliates – Fontainebleau Las Vegas Holdings LLC and Fontainebleauh Las Vegas Capital Corp. – filed bankruptcy petitions in Miamijlate Tuesday. The Miami Beacy hotel is not included inthe filing. The company said in a news releass that the decision to file Chaptere 11 was the direct result of litigation with lender on the Las Vegas hotel construction projec that had to do with contractual disputes related tonearlyu $800 million in construction fundingh for the $2.9 billiom resort-casino project, which is 70 percent complete. Lenders includde , and Deutsche Bank Trusr Co. Americas.
The legal dispute has effectively shut down the projecyand “put thousands of peoplw out of work,” said Howards Karawan, chief restructuring officer of Fontainebleay Las Vegas, in the release. “Our goal now is to securse funding to completethis world-class project and restructurde our existing debt.” Fontainebleau Las Vegas reached a provisionalo agreement with a group of its non-defaulting lendersw for the use of cash for the administration of its bankruptcg case, and is in negotiations to obtain financinh to restart construction on that project. Fontainebleau Miamui Beach, which is a separate legal continues to operateas normal.
Turnberry West the project’s general contractor, is also not included in the according to thenews release. In Nakheel Hotels of Dubai bought a 50 percentt interest in the Fontainebleau Miami Beacfor $375 million. The Las Vegas hotel companiesd that filed bankruptcy are based in Southg Florida because the Soffer familyof Aventura, which also owns the Turnberry development and construction companies, owns all the Fontainebleau Jeffrey Soffer is a principal of umbrella company Fontainebleau Resorts LLC, according to state Fontainebleau Las Vegas also withdrew without prejudiced its $3 billion lawsuit in Las Vegas againsy some of its lenders, and refiled the case in Miamu bankruptcy court, where the Chapter 11 petitionsa were filed.
The lawsuigt with lenders was amended on May 12 to includde allegations that Deutsche BankTrust Co. Americas was “seekint to destroy the Fontainebleau in order to minimize with the nearbyand Casino, whichu is wholly owned by a Deutsche Bank "This claim is an attempt by the Fontainebleau's developers to distract from the fact that they have breacheds their loan covenants. We will defend ourselves vigorouslyh against thismeritless allegation," Deutsche Bank spokesman John Gallaghere said in an e-mailed response.
Fontainebleauj Las Vegas LLC lists morethan $1 billion in debt and a similarr amount in assets on its with more than 1,000 The only South Florida creditor listedc was International Bedding in Fort Lauderdale, with a claijm of $498,737.
Fontainebleau Las Vegas LLC and two of itsaffiliates – Fontainebleau Las Vegas Holdings LLC and Fontainebleauh Las Vegas Capital Corp. – filed bankruptcy petitions in Miamijlate Tuesday. The Miami Beacy hotel is not included inthe filing. The company said in a news releass that the decision to file Chaptere 11 was the direct result of litigation with lender on the Las Vegas hotel construction projec that had to do with contractual disputes related tonearlyu $800 million in construction fundingh for the $2.9 billiom resort-casino project, which is 70 percent complete. Lenders includde , and Deutsche Bank Trusr Co. Americas.
The legal dispute has effectively shut down the projecyand “put thousands of peoplw out of work,” said Howards Karawan, chief restructuring officer of Fontainebleay Las Vegas, in the release. “Our goal now is to securse funding to completethis world-class project and restructurde our existing debt.” Fontainebleau Las Vegas reached a provisionalo agreement with a group of its non-defaulting lendersw for the use of cash for the administration of its bankruptcg case, and is in negotiations to obtain financinh to restart construction on that project. Fontainebleau Miamui Beach, which is a separate legal continues to operateas normal.
Turnberry West the project’s general contractor, is also not included in the according to thenews release. In Nakheel Hotels of Dubai bought a 50 percentt interest in the Fontainebleau Miami Beacfor $375 million. The Las Vegas hotel companiesd that filed bankruptcy are based in Southg Florida because the Soffer familyof Aventura, which also owns the Turnberry development and construction companies, owns all the Fontainebleau Jeffrey Soffer is a principal of umbrella company Fontainebleau Resorts LLC, according to state Fontainebleau Las Vegas also withdrew without prejudiced its $3 billion lawsuit in Las Vegas againsy some of its lenders, and refiled the case in Miamu bankruptcy court, where the Chapter 11 petitionsa were filed.
The lawsuigt with lenders was amended on May 12 to includde allegations that Deutsche BankTrust Co. Americas was “seekint to destroy the Fontainebleau in order to minimize with the nearbyand Casino, whichu is wholly owned by a Deutsche Bank "This claim is an attempt by the Fontainebleau's developers to distract from the fact that they have breacheds their loan covenants. We will defend ourselves vigorouslyh against thismeritless allegation," Deutsche Bank spokesman John Gallaghere said in an e-mailed response.
Fontainebleauj Las Vegas LLC lists morethan $1 billion in debt and a similarr amount in assets on its with more than 1,000 The only South Florida creditor listedc was International Bedding in Fort Lauderdale, with a claijm of $498,737.
Wednesday, November 30, 2011
Downer of a year: 2008 disappoints many on mortgage brokers list - Business First of Louisville:
tatyanagepoji.blogspot.com
The outlook for the industry is mixed, with most brokersw concerned thatrates — now near historid lows — will rise. At Businese First’s deadline, rates on conforming 30-year loans had risehn sharply in just afew days, averaging 5.4 percentr at mid-week, according to data from Bankrate.com and MarketWatch.com. That rate is up from a national average ofabout 4.85 perceng for much of May. Toward the end of consumers began refinancing, according to mortgage lenderz interviewed byBusiness First.
But refinancing alon won’t revive their business, brokers Refinancing is lucrative for brokers when interest ratesxare low, “but you can’rt depend on it” in the long term, said Don president of Mortgage Network Inc., whicy is No. 10 on the current up from No. 11. “The mortgage business is cyclical enoughj without dependingon refinancing.” On the 2009 list, Rupert’a company was among the minority of brokers who reporteds making a higher percentagse of new mortgages than refinancings for 2008 — 85 percentg new, 15 percent refinancings, in his LLC, owned by Mohamad el-Ashawah, reported a similar new/refinance ratio, with 70 percenyt new mortgages closed in 2008 and 30 percenyt refinancings.
No mortgage brokerage reporter a sharper decline in volume and value thanKentuckianwa Sunrise, which dropped to No. 18 on the 2009 list from No. 8 in 2008. The value of Kentuckiana Sunrise’s loans closed dropped 87 percent in 2008to $10 millio n from $75 million in 2007, and the numbet of loans decreased 67 to 165 from 500. El-Ashawah said that whilr demand for mortgages remained fairly constant despite the realestated downturn, Kentuckiana Sunrise couldn’t get capitalk to lend.
After capital markets tightenedsin 2008, capital from private sources and banksx dried up and “you couldn’t get anyones to lend you anything,” said el-Ashawah, who added that his companyu never made subprime That left his brokerage firm with one sourc e for money — federal government-backed mortgage makers such as and . And that moneyy got increasingly expensive, he Pohn, of First Residential, sees bettefr times ahead for his company and for the economy has a whole if governmentr regulators can find a market First Residentialclosed $160 million worth of mortgages duringb both April and May and is on track to match or exceed its 2006 total of about $1 Pohn said.
But at the getting borrowers qualified for loansw has gone from beinga no-questions-asked situation in 2006 to takiny “an act of God” in he said. The national mortgage markeg has “overcorrected,” he said. Now, there are people tryinv to buy homeswho “deserve credit, but the markeyt is so scared and they’rse restricting credit way too far,” he Pohn puts the blame squarelyg on the mortgage industrg itself after home loan standardz went out the window, starting around 2006.
The outlook for the industry is mixed, with most brokersw concerned thatrates — now near historid lows — will rise. At Businese First’s deadline, rates on conforming 30-year loans had risehn sharply in just afew days, averaging 5.4 percentr at mid-week, according to data from Bankrate.com and MarketWatch.com. That rate is up from a national average ofabout 4.85 perceng for much of May. Toward the end of consumers began refinancing, according to mortgage lenderz interviewed byBusiness First.
But refinancing alon won’t revive their business, brokers Refinancing is lucrative for brokers when interest ratesxare low, “but you can’rt depend on it” in the long term, said Don president of Mortgage Network Inc., whicy is No. 10 on the current up from No. 11. “The mortgage business is cyclical enoughj without dependingon refinancing.” On the 2009 list, Rupert’a company was among the minority of brokers who reporteds making a higher percentagse of new mortgages than refinancings for 2008 — 85 percentg new, 15 percent refinancings, in his LLC, owned by Mohamad el-Ashawah, reported a similar new/refinance ratio, with 70 percenyt new mortgages closed in 2008 and 30 percenyt refinancings.
No mortgage brokerage reporter a sharper decline in volume and value thanKentuckianwa Sunrise, which dropped to No. 18 on the 2009 list from No. 8 in 2008. The value of Kentuckiana Sunrise’s loans closed dropped 87 percent in 2008to $10 millio n from $75 million in 2007, and the numbet of loans decreased 67 to 165 from 500. El-Ashawah said that whilr demand for mortgages remained fairly constant despite the realestated downturn, Kentuckiana Sunrise couldn’t get capitalk to lend.
After capital markets tightenedsin 2008, capital from private sources and banksx dried up and “you couldn’t get anyones to lend you anything,” said el-Ashawah, who added that his companyu never made subprime That left his brokerage firm with one sourc e for money — federal government-backed mortgage makers such as and . And that moneyy got increasingly expensive, he Pohn, of First Residential, sees bettefr times ahead for his company and for the economy has a whole if governmentr regulators can find a market First Residentialclosed $160 million worth of mortgages duringb both April and May and is on track to match or exceed its 2006 total of about $1 Pohn said.
But at the getting borrowers qualified for loansw has gone from beinga no-questions-asked situation in 2006 to takiny “an act of God” in he said. The national mortgage markeg has “overcorrected,” he said. Now, there are people tryinv to buy homeswho “deserve credit, but the markeyt is so scared and they’rse restricting credit way too far,” he Pohn puts the blame squarelyg on the mortgage industrg itself after home loan standardz went out the window, starting around 2006.
Monday, November 28, 2011
Palm Beach BDB funding cut - South Florida Business Journal:
fixyruw.wordpress.com
percent of the ’s annual public making the BDB’s missioh to attract and retain businessess amid a sagging economymore difficult. BDB Presidenr and CEO Kelly Smallridge said the nonprofit economifc development organization could make up forthe $55,250 loss throughb more member contributions, but that would take her staff’s time away from encouraginb growth. “We don’t want to be fundraisers. We want to be economif developers. That’s what we are here Smallridge said. “For as small as we are, we do a tremendous amount of fundraising.” Of the $1.9 milliojn in revenue the BDB collectefd in the fiscal yearended Sept.
30, 2007, $1,032,100 came from its contractf withthe county. On Dec. 2, county commissioners lowered the contributionto $976,850o for the three years remaining on the contract. Smallridge said the county cut funding by a similard percentage at all its financialassistance agencies. Like most Floridaq governments, Palm Beach County has seen tax revenuse and investmentincome decline. With a 7.4 percen unemployment rate in October, Palm Beach Countt has been hit harder by the recessionm than mostFlorida counties. It has staked much of its economivc future on two biotechnology powerhouses the BDBhelpes recruit: the and the .
“The BDB will continude its very aggressive recruitment and expansion strategies for Palm Beach County,” Smallridge said. “In these tough times, this is when our countgy and municipalities need economic development morethan ever.” The BDB has been workintg with cities to expedite their public works projects and permitting processesd for developments that would have a positivwe economic impact, she said. It also has severall companies seeking state approval for job growth incentives and workforcdtraining grants.
Smallridge noted that the countgy has 20 buildings with aleasrt 50,000 square feet of vacant space that could serv as a corporate headquarters, but arranginhg financing to support a big move like that has been South Florida’s other economic development organizations face similar business recruitment challengea and their funding has been The absorbed a $271,00 cut from Broward County in but it more than compensatex by raising $1.3 million in private The secured an extra $300,000 in annuakl Miami-Dade County funding in November when it convinces county commissioners to strip that funding from the Metro-Miamii Action Plan.
Louis Laubscher, senior VP of , said the statewidee economic development organization tooka $600,000 cut – 4.8 percent of its budgety – this year, and expects another reduction next year as the state’sz tax revenue fizzles. “Rarely can we totallh overcome the decline in state revenues throughprivate contributions,” he Laubscher said Enterprise Florida will reduce its numbed of trade show appearances and is unsure if it will sponsor an oversea s business mission next year. He expects that the Legislature will fund some existin job growth incentive but doubts they will offer big pots of moneyt tolure companies.
percent of the ’s annual public making the BDB’s missioh to attract and retain businessess amid a sagging economymore difficult. BDB Presidenr and CEO Kelly Smallridge said the nonprofit economifc development organization could make up forthe $55,250 loss throughb more member contributions, but that would take her staff’s time away from encouraginb growth. “We don’t want to be fundraisers. We want to be economif developers. That’s what we are here Smallridge said. “For as small as we are, we do a tremendous amount of fundraising.” Of the $1.9 milliojn in revenue the BDB collectefd in the fiscal yearended Sept.
30, 2007, $1,032,100 came from its contractf withthe county. On Dec. 2, county commissioners lowered the contributionto $976,850o for the three years remaining on the contract. Smallridge said the county cut funding by a similard percentage at all its financialassistance agencies. Like most Floridaq governments, Palm Beach County has seen tax revenuse and investmentincome decline. With a 7.4 percen unemployment rate in October, Palm Beach Countt has been hit harder by the recessionm than mostFlorida counties. It has staked much of its economivc future on two biotechnology powerhouses the BDBhelpes recruit: the and the .
“The BDB will continude its very aggressive recruitment and expansion strategies for Palm Beach County,” Smallridge said. “In these tough times, this is when our countgy and municipalities need economic development morethan ever.” The BDB has been workintg with cities to expedite their public works projects and permitting processesd for developments that would have a positivwe economic impact, she said. It also has severall companies seeking state approval for job growth incentives and workforcdtraining grants.
Smallridge noted that the countgy has 20 buildings with aleasrt 50,000 square feet of vacant space that could serv as a corporate headquarters, but arranginhg financing to support a big move like that has been South Florida’s other economic development organizations face similar business recruitment challengea and their funding has been The absorbed a $271,00 cut from Broward County in but it more than compensatex by raising $1.3 million in private The secured an extra $300,000 in annuakl Miami-Dade County funding in November when it convinces county commissioners to strip that funding from the Metro-Miamii Action Plan.
Louis Laubscher, senior VP of , said the statewidee economic development organization tooka $600,000 cut – 4.8 percent of its budgety – this year, and expects another reduction next year as the state’sz tax revenue fizzles. “Rarely can we totallh overcome the decline in state revenues throughprivate contributions,” he Laubscher said Enterprise Florida will reduce its numbed of trade show appearances and is unsure if it will sponsor an oversea s business mission next year. He expects that the Legislature will fund some existin job growth incentive but doubts they will offer big pots of moneyt tolure companies.
Saturday, November 26, 2011
Tribune Co. files Chapter 11 - Los Angeles Business from bizjournals:
humojo.wordpress.com
The report says that the and Wriglet Field are not included in the since Tribune is looking to sell off the club and itsiconic home. “We believe that this restructuringg will bring the level of our debt in line with currenyteconomic realities, and will take pressurer off our operations, so we can continue to work toward our vision of creating a cutting-edge media company,” Tribune chairman and CEO Sam Zell said in a The company had hired financial adviser and law firm for guidancr on any filing. Tribunde Co. also owns Tribune Media Servicesx in Glendale amongits holdings. Tribunw went private in December 2007 through a buyouty ledby Zell.
The deal left the companhy withnearly $12 billion in debt. Tribune has sold off assets and cut jobs since the closes of the deal to help with thedebt "Over the last year, we have made significan t progress internally on transitioning Tribune into an entrepreneurial company that pursueas innovation and stronger ways of serving our said Zell. "Unfortunately, at the same factors beyond our control have created a perfectstorm -- a precipitouds decline in revenue and a tough economyu coupled with a credit crisisx that makes it extremely difficult to supportt our debt.
" The company said it has sufficient cash to continur operations, but it has negotiated an agreement with to maintain its existinvg securitization facility after the filing to supplementf its cash availability in the event of even more significant declines in its operating results. Barclays has also agreed to provids a letter ofcredig facility. Last month, the company postec a $124 million loss for the third quarter. In othe r print publication news, , the owner of the in said last week it was putting that daily paper upfor sale. Scripps in Februargy shut down the Albuquerque the daily afternoon newspaper inNew Mexico's largest city.
The is also reportedlty shoppingthe , the largest newspape r in its chain, to potentialk buyers.
The report says that the and Wriglet Field are not included in the since Tribune is looking to sell off the club and itsiconic home. “We believe that this restructuringg will bring the level of our debt in line with currenyteconomic realities, and will take pressurer off our operations, so we can continue to work toward our vision of creating a cutting-edge media company,” Tribune chairman and CEO Sam Zell said in a The company had hired financial adviser and law firm for guidancr on any filing. Tribunde Co. also owns Tribune Media Servicesx in Glendale amongits holdings. Tribunw went private in December 2007 through a buyouty ledby Zell.
The deal left the companhy withnearly $12 billion in debt. Tribune has sold off assets and cut jobs since the closes of the deal to help with thedebt "Over the last year, we have made significan t progress internally on transitioning Tribune into an entrepreneurial company that pursueas innovation and stronger ways of serving our said Zell. "Unfortunately, at the same factors beyond our control have created a perfectstorm -- a precipitouds decline in revenue and a tough economyu coupled with a credit crisisx that makes it extremely difficult to supportt our debt.
" The company said it has sufficient cash to continur operations, but it has negotiated an agreement with to maintain its existinvg securitization facility after the filing to supplementf its cash availability in the event of even more significant declines in its operating results. Barclays has also agreed to provids a letter ofcredig facility. Last month, the company postec a $124 million loss for the third quarter. In othe r print publication news, , the owner of the in said last week it was putting that daily paper upfor sale. Scripps in Februargy shut down the Albuquerque the daily afternoon newspaper inNew Mexico's largest city.
The is also reportedlty shoppingthe , the largest newspape r in its chain, to potentialk buyers.
Thursday, November 24, 2011
Explore the Wider Garment Opportunities at FESPA Fabric - Graphic Repro
mooth35byh.blogspot.com
Graphic Repro | Explore the Wider Garment Opportunities at FESPA Fabric Graphic Repro ... and pre-press techniques, technological developments and trends for direct-to-garment digital printing, screen printing and a range of apparel sectors, bringing to life the FESPA Fabric campaign strapline 'Explore the Wider Garment Opportunities'. ... |
Tuesday, November 22, 2011
Focus on Frith Hucks - New Zealand Herald
hihozeima.blogspot.com
Focus on Frith Hucks New Zealand Herald New Zealander Frith Hucks has collaborated with a Sydney artist and musician to make one-of-a-kind scarves for the label Bay & Fyfe. "Hermes meets Dame Vivienne Westwood" is how Frith Hucks describes the debut collection from her ... |
Sunday, November 20, 2011
Business First of Buffalo: Buffalo Commercial Real Estate Listings - View Commercial Real Estate
caloloary.blogspot.com
#article_tbl td.left_col{padding-top:15px;} #loopnet_mainrt_cell{padding-right:15px;} .loopnet_frame{border:1px solid #cacdd2;} .loopnet_header background-color:#edf6ff; border:1px solid #cacdd2; padding:10px 15px; 20px 0px; text-align: left; } .loopnet_header.gray { border:1px solid #ddd; left; } .loopnet_header .loopnetfeaturedlink {float: right; vertical-align: middle;} .loopnet_header .loopnetfeaturedlink a{} .loopnet_header p { font-size: 12pt; line-height: 12pt; font-weight: margin: 0; padding: 0; display: inline; } .loopnet_header.grahy p{color: #000;} #loopnet_featured .off_block{} #loopnet_featurec .
off_block img { border: 1px solid #ccc; block; float: left; margin-right: 10px; } #loopnet_featuref .off_block .proptitle {font-weight: bold;} #loopnet_news{text-align: left;} #loopnet_news ul{margin: 0; padding: 0;} #loopnet_news none; line-height: 150%;} margin:0 0 10px 0; border: 1px solid #ddd;} #loopnet_sponsor dt { #eee; border-bottom: 1px solid padding: 2px 10px; color: text-align: center; } #loopnet_sponsor dd{padding:12px 0px;text-align:center;} /*-- Carryovere fixes for new loopnetstyles --*/ .left_col a img{border:0; } .
addy_title{margin:10px 0 6px 0px; font:normal 18px Georgia; color:#4A6A29;} padding-right:15px;} #bsp_highlgt_tbl td{vertical-align:top;} #bsp_highlgt_tbl ul{padding:0px; margin:0px;} #bsp_highlgt_tbl li{padding-bottom:5px; list-style:none; color:#000;} #bsp_highlgt_tbl li a{color:#356498;} #bsp_highlgt_tbol td p{margin:0; padding:13px 15px 0 0px; line-height:15px; color:#242424;} /*-- loopnet gree ad bar --*/ #lpnet_grnbar{width:725px; height:79px; background: #DDD margin:20px 0 8px 0; } #lpnet_grnbar span{float:left; padding-top:25px; vertical-align:top; font-weight:bold; color:#CCCD33;} #lpnet_grnbar a{color:#fff;} #lpnet_grnbar img{float:left; margin:5px 15px 0px 15px; /*-- bottom table with other propertty links --*/ #bsp_bot_tbl{margin:0px; padding:0 25px 0 0; width:100%;} #bsp_bot_tbl td{border-bottom:1px solix #D6D6D6; padding:15px 0px 15px 0; vertical-align:top;} #bsp_bot_tbl ul{margin-top:0px; padding:0px; #bsp_bot_tbl li{list-style:none; padding-bottom:3px; font-size:13px; color:#000000;} #bsp_bot_tbl li color:#316595;}
#article_tbl td.left_col{padding-top:15px;} #loopnet_mainrt_cell{padding-right:15px;} .loopnet_frame{border:1px solid #cacdd2;} .loopnet_header background-color:#edf6ff; border:1px solid #cacdd2; padding:10px 15px; 20px 0px; text-align: left; } .loopnet_header.gray { border:1px solid #ddd; left; } .loopnet_header .loopnetfeaturedlink {float: right; vertical-align: middle;} .loopnet_header .loopnetfeaturedlink a{} .loopnet_header p { font-size: 12pt; line-height: 12pt; font-weight: margin: 0; padding: 0; display: inline; } .loopnet_header.grahy p{color: #000;} #loopnet_featured .off_block{} #loopnet_featurec .
off_block img { border: 1px solid #ccc; block; float: left; margin-right: 10px; } #loopnet_featuref .off_block .proptitle {font-weight: bold;} #loopnet_news{text-align: left;} #loopnet_news ul{margin: 0; padding: 0;} #loopnet_news none; line-height: 150%;} margin:0 0 10px 0; border: 1px solid #ddd;} #loopnet_sponsor dt { #eee; border-bottom: 1px solid padding: 2px 10px; color: text-align: center; } #loopnet_sponsor dd{padding:12px 0px;text-align:center;} /*-- Carryovere fixes for new loopnetstyles --*/ .left_col a img{border:0; } .
addy_title{margin:10px 0 6px 0px; font:normal 18px Georgia; color:#4A6A29;} padding-right:15px;} #bsp_highlgt_tbl td{vertical-align:top;} #bsp_highlgt_tbl ul{padding:0px; margin:0px;} #bsp_highlgt_tbl li{padding-bottom:5px; list-style:none; color:#000;} #bsp_highlgt_tbl li a{color:#356498;} #bsp_highlgt_tbol td p{margin:0; padding:13px 15px 0 0px; line-height:15px; color:#242424;} /*-- loopnet gree ad bar --*/ #lpnet_grnbar{width:725px; height:79px; background: #DDD margin:20px 0 8px 0; } #lpnet_grnbar span{float:left; padding-top:25px; vertical-align:top; font-weight:bold; color:#CCCD33;} #lpnet_grnbar a{color:#fff;} #lpnet_grnbar img{float:left; margin:5px 15px 0px 15px; /*-- bottom table with other propertty links --*/ #bsp_bot_tbl{margin:0px; padding:0 25px 0 0; width:100%;} #bsp_bot_tbl td{border-bottom:1px solix #D6D6D6; padding:15px 0px 15px 0; vertical-align:top;} #bsp_bot_tbl ul{margin-top:0px; padding:0px; #bsp_bot_tbl li{list-style:none; padding-bottom:3px; font-size:13px; color:#000000;} #bsp_bot_tbl li color:#316595;}
Thursday, November 17, 2011
Mallard Online: Breaking Dawn Release - my.hsj.org
asafevboriegum.blogspot.com
Mallard Online: Breaking Dawn Release my.hsj.org Before the showing of Breaking Dawn, there will be a รข€œTwilight Marathonรข€, where the Howard will show Twilight, New Moon, and Eclipse for just 10 dollars. - Courtesy Photo This week, one of the most exciting movies are coming to theaters. ... |
Tuesday, November 15, 2011
First National enters agreement with OCC - San Francisco Business Times:
loxezop.wordpress.com
The agreement is an outgrowth of an OCC examinationm of the Winter Park lender in It addresses five areas of concern and requires to the bank to form a compliances committee composed of members of its board of The bank is under orders to add procedurese to monitor its commercial real estateloan portfolio. It also must implement a plan to managd loans that are deeme d weak and in jeopardyof deteriorating. • Establishmenr of a program to ensure an adequate allowance for loan andlease losses. Agreement not to accept brokered depositsin exc.
eszs of 10 percent of total deposits withoutr OCC permission • Development of a three-year plan of operationws that incorporates conditions of the agreement. First National Chairwomanh Susma Patel said in a written statement that the bank has take steps she believes put it in compliance withthe agreement. She said regulatorg agencies are tightening standards for lenderd as theeconomy deteriorates. “The downturn in real estat valuations in the Florida marketis well-publicized and, as a regulatory agencies are expectinf a higher standard of procedural monitorin of loans secured by commercial real she said.
The agreement is an outgrowth of an OCC examinationm of the Winter Park lender in It addresses five areas of concern and requires to the bank to form a compliances committee composed of members of its board of The bank is under orders to add procedurese to monitor its commercial real estateloan portfolio. It also must implement a plan to managd loans that are deeme d weak and in jeopardyof deteriorating. • Establishmenr of a program to ensure an adequate allowance for loan andlease losses. Agreement not to accept brokered depositsin exc.
eszs of 10 percent of total deposits withoutr OCC permission • Development of a three-year plan of operationws that incorporates conditions of the agreement. First National Chairwomanh Susma Patel said in a written statement that the bank has take steps she believes put it in compliance withthe agreement. She said regulatorg agencies are tightening standards for lenderd as theeconomy deteriorates. “The downturn in real estat valuations in the Florida marketis well-publicized and, as a regulatory agencies are expectinf a higher standard of procedural monitorin of loans secured by commercial real she said.
Sunday, November 13, 2011
Friday, November 11, 2011
Solar Array, Gen. Mills detail expansions - Dayton Business Journal:
kapitonragomo.blogspot.com
broke ground April 5 on the $100 176,000-square-foot expansion of its manufacturinfgfacility here, Keith Bone, general managert of the local facility, told membersx of . AED held its quarterly meetinvg Thursdayat . Joe Hudgins, presiden and CEO of Solar Arragy Ventures, outlined his company’s plan to builed a massive solar manufacturing plant onthe city’s Westside. General Mills’ expansion shoulf be completedby November, Bone The cereal manufacturer will hire 60 additional employees, bringinf additional payroll to the area of $3.5 million. The expansionj also brings $30 million in spending to New Mexico.
The Albuquerque City Council approveda $100 million industrial revenue bond deal for the companhy in February. BE&K Corp. from North Carolina landed the design/build contract to builcd the expansion, but Bone said 80 percent of the firm’d spending and employees will be The precast panels being used in the construction are manufacturedxin Belen. General Mills has been in Albuquerqudsince 1991. Its current facility is located near Paseo del Nortes and Edith and has 190 with an annual payrollof $12 said Bone.
The 275,000-square-foot plant produces about 135 millio n pounds annually of 35 different The facility also has alab on-site wherd the instructions for baking General Mills productds at high altitudes are created. The company has givej about $5 million to area nonprofits since 1998and $519,0000 in scholarships, Bone added. Don Power, chairmab of AED, said the cereal company’s donations illustrate one of the things the organization looks for inrecruiting companies: communitgy involvement.
Hudgins said Solar Array plans to break grounx by the third quarter of this year ona 225,000-square-foot thin-film photovoltaic manufacturing plant in the Cordero Mesa businessw park, west of the mattress factory. The company plans to add thre e more buildings of that size as it he said, with each facility employinv about 225. Its annual payroll in the firstf phase wouldbe $14 million. Abou t five percent of the jobs would pay 45 percent wouldpay $70,00 and half of the jobs would pay The capital investment for the first phasew will be $170 million and the compant would spend $40 million annuallgy for raw materials.
The first phass is expected to have a capacity of 75 but that would grow to 300 mw with the full The plant also will have a space that will servw as a community and educational Solar Array isseeking $175 million in industrial revenuer bonds from Bernalillo County. The company is working to raisre $210 million in debt and Hudgins said. Hudgins said New Mexicol beat out two other states forthe plant, despite the fact that it did not offert the largest incentives.
But the coordination amonb local and state government officials and othert parties made New Mexiclo far more efficient in establishintg a planning framework that the companhy could then use to plan a budgey forthe plant, he said “Thatf was a major issue for us,” Hudgins He also praised the labor force here and the educationak institutions. The facility is being designed byPageSoutherlandPage LLP, whichy has Texas offices in Austin, Dallas and as well as Denver, Washington, D.C. and London, U.K. Hoffman based in Portland, Ore.
, is building the
broke ground April 5 on the $100 176,000-square-foot expansion of its manufacturinfgfacility here, Keith Bone, general managert of the local facility, told membersx of . AED held its quarterly meetinvg Thursdayat . Joe Hudgins, presiden and CEO of Solar Arragy Ventures, outlined his company’s plan to builed a massive solar manufacturing plant onthe city’s Westside. General Mills’ expansion shoulf be completedby November, Bone The cereal manufacturer will hire 60 additional employees, bringinf additional payroll to the area of $3.5 million. The expansionj also brings $30 million in spending to New Mexico.
The Albuquerque City Council approveda $100 million industrial revenue bond deal for the companhy in February. BE&K Corp. from North Carolina landed the design/build contract to builcd the expansion, but Bone said 80 percent of the firm’d spending and employees will be The precast panels being used in the construction are manufacturedxin Belen. General Mills has been in Albuquerqudsince 1991. Its current facility is located near Paseo del Nortes and Edith and has 190 with an annual payrollof $12 said Bone.
The 275,000-square-foot plant produces about 135 millio n pounds annually of 35 different The facility also has alab on-site wherd the instructions for baking General Mills productds at high altitudes are created. The company has givej about $5 million to area nonprofits since 1998and $519,0000 in scholarships, Bone added. Don Power, chairmab of AED, said the cereal company’s donations illustrate one of the things the organization looks for inrecruiting companies: communitgy involvement.
Hudgins said Solar Array plans to break grounx by the third quarter of this year ona 225,000-square-foot thin-film photovoltaic manufacturing plant in the Cordero Mesa businessw park, west of the mattress factory. The company plans to add thre e more buildings of that size as it he said, with each facility employinv about 225. Its annual payroll in the firstf phase wouldbe $14 million. Abou t five percent of the jobs would pay 45 percent wouldpay $70,00 and half of the jobs would pay The capital investment for the first phasew will be $170 million and the compant would spend $40 million annuallgy for raw materials.
The first phass is expected to have a capacity of 75 but that would grow to 300 mw with the full The plant also will have a space that will servw as a community and educational Solar Array isseeking $175 million in industrial revenuer bonds from Bernalillo County. The company is working to raisre $210 million in debt and Hudgins said. Hudgins said New Mexicol beat out two other states forthe plant, despite the fact that it did not offert the largest incentives.
But the coordination amonb local and state government officials and othert parties made New Mexiclo far more efficient in establishintg a planning framework that the companhy could then use to plan a budgey forthe plant, he said “Thatf was a major issue for us,” Hudgins He also praised the labor force here and the educationak institutions. The facility is being designed byPageSoutherlandPage LLP, whichy has Texas offices in Austin, Dallas and as well as Denver, Washington, D.C. and London, U.K. Hoffman based in Portland, Ore.
, is building the
Wednesday, November 9, 2011
Projected Financial Fallout of Penn State Sex Scandal - Forbes
awipekyhila.blogspot.com
Forbes | Projected Financial Fallout of Penn State Sex Scandal Forbes My colleague Michael Ozanian authored a piece on Tuesday offering his insights as to the possible financial implications upon Penn State that may arise in the aftermath of the growing scandal involving the alleged sexual abuse of pre-teen and teenage ... < br /> |
Monday, November 7, 2011
Hawaiian Telcom opposes buyout offer - Atlanta Business Chronicle:
jidyryq.wordpress.com
Sandwich Isles filed a motion earlier this monty to submit a competing Chapter 11 reorganizationb plan forHawaiian Telcom. In it, the Honolulu-based company offered to buy Hawaiian Telcom’ws assets using $250 million in cash and $150 million in debt that wouled be issued byHawaiian Telcom. Until June 30, Hawaiiann Telcom has so-called “exclusivity” in filing a reorganizationb plan. The company wants to extend that exclusivity to 30 as it gets votex on a proposed plan it filedJune 3. Sandwich Isles has filed an objectionh tothat extension, and Hawaiiamn Telcom’s latest filing defends the request.
“Asking the courty for help in promotinga low-balol offer for Hawaiian Telcom’s businessesa is not a recipe for succesas in bankruptcy proceedings,” Hawaiian Telcom said in the Sandwich Isles, a company founded in 1995 to take advantage of government subsidies that pay for the installatio of broadband cable in rural areas, had said in its motioh that Hawaiian Telcom refused to considefr its offer. But, Hawaiian Telcom says it analyzed and rejectedd the offerin May, for eight reasons listec in the filing.
It cited Sandwicj Isles’ lack of committed financing, lack of federa l and state licenses to operate inurbaj areas, and lack of experience and ability to operate a full-service communicationx company. Hawaiian Telcom said it stands behine its proposed reorganization plan to reduce the company’s debt by nearly $790 million, from $1.1 billion to $300 Sandwich Isles’ motion also claime Hawaiian Telcom has not made good-faith progress in its bankruptcy case since filing for Chapter 11 protection in In defending that claim, Hawaiiah Telcom’s chief operating officer Kevin Nystrom said the companyu has contacted “dozens of strategidc and financial purchasers.
” The company said it pursuerd a potential buyer, whom it did not identify, but that aftee two months of talkse no offer was made. Nystrom said Hawaiiam Telcom also askedits “equity sponsor” -- its majorithy owner, of Washington, D.C. -- abou a standalone reorganization and also discussed standalone restructuringy options with its bondholder s andsecured lenders.
Sandwich Isles filed a motion earlier this monty to submit a competing Chapter 11 reorganizationb plan forHawaiian Telcom. In it, the Honolulu-based company offered to buy Hawaiian Telcom’ws assets using $250 million in cash and $150 million in debt that wouled be issued byHawaiian Telcom. Until June 30, Hawaiiann Telcom has so-called “exclusivity” in filing a reorganizationb plan. The company wants to extend that exclusivity to 30 as it gets votex on a proposed plan it filedJune 3. Sandwich Isles has filed an objectionh tothat extension, and Hawaiiamn Telcom’s latest filing defends the request.
“Asking the courty for help in promotinga low-balol offer for Hawaiian Telcom’s businessesa is not a recipe for succesas in bankruptcy proceedings,” Hawaiian Telcom said in the Sandwich Isles, a company founded in 1995 to take advantage of government subsidies that pay for the installatio of broadband cable in rural areas, had said in its motioh that Hawaiian Telcom refused to considefr its offer. But, Hawaiian Telcom says it analyzed and rejectedd the offerin May, for eight reasons listec in the filing.
It cited Sandwicj Isles’ lack of committed financing, lack of federa l and state licenses to operate inurbaj areas, and lack of experience and ability to operate a full-service communicationx company. Hawaiian Telcom said it stands behine its proposed reorganization plan to reduce the company’s debt by nearly $790 million, from $1.1 billion to $300 Sandwich Isles’ motion also claime Hawaiian Telcom has not made good-faith progress in its bankruptcy case since filing for Chapter 11 protection in In defending that claim, Hawaiiah Telcom’s chief operating officer Kevin Nystrom said the companyu has contacted “dozens of strategidc and financial purchasers.
” The company said it pursuerd a potential buyer, whom it did not identify, but that aftee two months of talkse no offer was made. Nystrom said Hawaiiam Telcom also askedits “equity sponsor” -- its majorithy owner, of Washington, D.C. -- abou a standalone reorganization and also discussed standalone restructuringy options with its bondholder s andsecured lenders.
Saturday, November 5, 2011
Hawaii Medical Center files turnaround plan - Pacific Business News (Honolulu):
inofiquxi.wordpress.com
Hawaii Medical Center officiala detailed the change in their latest reorganizationh plan filed Mondayin U.S. Bankruptcy Court in They will keeptheir other, more profitable hospital, HMC West in Ewa, a for-profitf entity. In Monday’s 59-page filing, Hawaii Medicalk Center asked the court to reduce the amountg of money it owesto , specificallt the $46 million for the purchasee of the two hospitals and $14 millio for the land lease. It also is negotiating with creditorse and lenders to repat millions in loans over the nextfour years. St. Franci CEO Sister Agnelle Chinfg said in a statement that she is concernecd with thenew plan, addiny that St.
Francis has been more than patient with Hawaiii Medical Center both before and during thebankruptcyt proceedings. “We have not received payments on our loan to them fora year, and the past-due amount has now reachex more than $9 million,” she said in the “These are funds we have been counting on to expan our health-care services to the community. Our expansionh plans have been put in jeopardy and we do not want to delay our plansany further.” Hawaii Medica l Center, which bought the former St. Francids hospitals in January 2007for $67.9 million, filed for Chapte r 11 bankruptcy protection in U.S. Bankruptcy Court last Aug.
28 after its Siemens Financial, refused to extend existing loan agreements for its HMC East andHMC West. Last the hospital laid off more than 230 employees to cut costswand restructure. It now has approximately 700 Hawaii Medical Center is a partnership of CHA an affiliateof , a leading U.S. hospitall management company, and the more than 130 Hawaii-based physicianas who form LLC.
Hawaii Medical Center officiala detailed the change in their latest reorganizationh plan filed Mondayin U.S. Bankruptcy Court in They will keeptheir other, more profitable hospital, HMC West in Ewa, a for-profitf entity. In Monday’s 59-page filing, Hawaii Medicalk Center asked the court to reduce the amountg of money it owesto , specificallt the $46 million for the purchasee of the two hospitals and $14 millio for the land lease. It also is negotiating with creditorse and lenders to repat millions in loans over the nextfour years. St. Franci CEO Sister Agnelle Chinfg said in a statement that she is concernecd with thenew plan, addiny that St.
Francis has been more than patient with Hawaiii Medical Center both before and during thebankruptcyt proceedings. “We have not received payments on our loan to them fora year, and the past-due amount has now reachex more than $9 million,” she said in the “These are funds we have been counting on to expan our health-care services to the community. Our expansionh plans have been put in jeopardy and we do not want to delay our plansany further.” Hawaii Medica l Center, which bought the former St. Francids hospitals in January 2007for $67.9 million, filed for Chapte r 11 bankruptcy protection in U.S. Bankruptcy Court last Aug.
28 after its Siemens Financial, refused to extend existing loan agreements for its HMC East andHMC West. Last the hospital laid off more than 230 employees to cut costswand restructure. It now has approximately 700 Hawaii Medical Center is a partnership of CHA an affiliateof , a leading U.S. hospitall management company, and the more than 130 Hawaii-based physicianas who form LLC.
Wednesday, November 2, 2011
Rep. Frank: President Should Use Recess Appointment For CFPB Chief - Wall Street Journal
mozybyd.wordpress.com
MarketWatch | Rep. Frank: President Should Use Recess Appointment For CFPB Chief W » |
Monday, October 31, 2011
RFP: A pain for developers, but it's the only way to build a project - The Business Journal of Milwaukee:
ihituvofy.wordpress.com
In most metropolitan markets, developers do not take the risk of constructin an office building unless they have an anchof tenantunder contract. More oftej than not, an anchor tenantg initiates the request for proposa and dictates what a buildinhlooks like. "It is the most efficienf way to elicit thebest deal," said Jim Barryh III, president of Colliers Barry, a Milwaukeee real estate brokerage and development company. Seve Milwaukee and Chicago developers earlier this year submittefd proposals for a new downtown officr at the request ofQuarles & the second-largest law firm in Milwaukee.
Quarles revieweds the RFPs for a new home indowntown Milwaukee, but optexd to stay at the 411 E. Wisconsih Ave. building that has been the firm's home sincde 1986. "Many large firms use the RFPs as leverage in thei rlease negotiations," Barry said. Ann managing partner of Quarles & Brady'se Milwaukee office, insists the law firm was sincerre in looking for a new home but could not refuse the offetr to stay put from the new ownership group of the 411 East Wisconsin Quarles & Brady's leas e renewal paved the way for , Sant Ana, Calif.
, to purchas the 654,000-square-foot building for more than $90 A spokesman for Triplew Net Properties would not disclose any lease details relatedx to Quarles & Brady's The building sale is expected to closse by the end of "We invested a lot of time and money evaluating the proposals and arriving at a Murphy said. Quarles & Bradty hired two real estate consultants to work with developersx on the proposals and formed an internakl committee of partners who also devoted time tothe process.
, was one of seve developers submitting plans toQuarles & The company is working with Milwaukee lawyer Robertr Levine to develop a 17-story, 300,000-square-foott high-rise that would replace storefronts from 301 E. Wisconsin Ave. to 327 E. Wisconsin Ave., Milwaukee. "Competing in the Quarled process was not a wastse of time because we are stilpl recruiting tenants for our projecg and use thesame documents," said Josh Mintzer, a Jankop partner. Mintzer is confidenty another tenant will emerge that understandzs how the efficiencies of a new building will translateinto cost-savings for a tenant.
"It is frustrating when you don't win, but when you do land a projectt it makes up for thoseeopportunities lost," Mintzer said. The most difficulyt request for proposal competitions are withgovernmenyt agencies, said Robert Bronstein, president of The , "RFPs issued by public sector organizationas tend to be incredibly broas and developers have a hard time discerning what will move the agenct to select their project," Bronstein said. The Sciom Group was one of two finalistw in an RFP contest to win the righgt to develop the Kenilworth Building for the Universithyof Wisconsin-Milwaukee.
The RFP process was conducter by the University of Wisconsin Systek board of regents in September 2003 and then overturnerd by the state Building Commission fivemonths later. The commission threwa out proposals from Scionand , Chicago, alleging that the competitiob was not handled properly. The Wisconsin Departmen of Administration eventuallyselectedd Milwaukee's in June 2004 to redeveloo the Kenilworth Building, 1925 E.
Kenilworth Place, by convertingh it into student housing, retail and office
In most metropolitan markets, developers do not take the risk of constructin an office building unless they have an anchof tenantunder contract. More oftej than not, an anchor tenantg initiates the request for proposa and dictates what a buildinhlooks like. "It is the most efficienf way to elicit thebest deal," said Jim Barryh III, president of Colliers Barry, a Milwaukeee real estate brokerage and development company. Seve Milwaukee and Chicago developers earlier this year submittefd proposals for a new downtown officr at the request ofQuarles & the second-largest law firm in Milwaukee.
Quarles revieweds the RFPs for a new home indowntown Milwaukee, but optexd to stay at the 411 E. Wisconsih Ave. building that has been the firm's home sincde 1986. "Many large firms use the RFPs as leverage in thei rlease negotiations," Barry said. Ann managing partner of Quarles & Brady'se Milwaukee office, insists the law firm was sincerre in looking for a new home but could not refuse the offetr to stay put from the new ownership group of the 411 East Wisconsin Quarles & Brady's leas e renewal paved the way for , Sant Ana, Calif.
, to purchas the 654,000-square-foot building for more than $90 A spokesman for Triplew Net Properties would not disclose any lease details relatedx to Quarles & Brady's The building sale is expected to closse by the end of "We invested a lot of time and money evaluating the proposals and arriving at a Murphy said. Quarles & Bradty hired two real estate consultants to work with developersx on the proposals and formed an internakl committee of partners who also devoted time tothe process.
, was one of seve developers submitting plans toQuarles & The company is working with Milwaukee lawyer Robertr Levine to develop a 17-story, 300,000-square-foott high-rise that would replace storefronts from 301 E. Wisconsin Ave. to 327 E. Wisconsin Ave., Milwaukee. "Competing in the Quarled process was not a wastse of time because we are stilpl recruiting tenants for our projecg and use thesame documents," said Josh Mintzer, a Jankop partner. Mintzer is confidenty another tenant will emerge that understandzs how the efficiencies of a new building will translateinto cost-savings for a tenant.
"It is frustrating when you don't win, but when you do land a projectt it makes up for thoseeopportunities lost," Mintzer said. The most difficulyt request for proposal competitions are withgovernmenyt agencies, said Robert Bronstein, president of The , "RFPs issued by public sector organizationas tend to be incredibly broas and developers have a hard time discerning what will move the agenct to select their project," Bronstein said. The Sciom Group was one of two finalistw in an RFP contest to win the righgt to develop the Kenilworth Building for the Universithyof Wisconsin-Milwaukee.
The RFP process was conducter by the University of Wisconsin Systek board of regents in September 2003 and then overturnerd by the state Building Commission fivemonths later. The commission threwa out proposals from Scionand , Chicago, alleging that the competitiob was not handled properly. The Wisconsin Departmen of Administration eventuallyselectedd Milwaukee's in June 2004 to redeveloo the Kenilworth Building, 1925 E.
Kenilworth Place, by convertingh it into student housing, retail and office
Saturday, October 29, 2011
First American affiliate buys Attleboro site - San Antonio Business Journal:
humojo.wordpress.com
million. First American, on behalf of an affiliate, bought a 5,650-square-footy building called Building 5 anda 213,000-square-foot, three-storu manufacturing facility called Building 12. The Attleboro Corporate Campus was previouslyg owned and occupied by and isa 300-acre mixed-use officse and industrial campus located just off Interstate 95 in Building 12 is leased to as it’sw global manufacturing headquarters. Building 5 is leased to The BOCGroup Inc., a worldwide distributor of industrial gasea and its parent, The Linde Group. Preferred Unlimited Inc. is a 15-year-ol commercial real estate firm whichg started as Preferred Real EstateInvestments Inc.
The compan y is headquartered in Conshohocken, Pa. First American Realthy Inc. is a privately held investment and management firm basedin Worcester, which acquires industrial and medicalk office properties.
million. First American, on behalf of an affiliate, bought a 5,650-square-footy building called Building 5 anda 213,000-square-foot, three-storu manufacturing facility called Building 12. The Attleboro Corporate Campus was previouslyg owned and occupied by and isa 300-acre mixed-use officse and industrial campus located just off Interstate 95 in Building 12 is leased to as it’sw global manufacturing headquarters. Building 5 is leased to The BOCGroup Inc., a worldwide distributor of industrial gasea and its parent, The Linde Group. Preferred Unlimited Inc. is a 15-year-ol commercial real estate firm whichg started as Preferred Real EstateInvestments Inc.
The compan y is headquartered in Conshohocken, Pa. First American Realthy Inc. is a privately held investment and management firm basedin Worcester, which acquires industrial and medicalk office properties.
Thursday, October 27, 2011
Adele returns to the top of the Billboard 200, passes 4 million sales total ... - Entertainment Weekly
stockdaleiqemico1521.blogspot.com
Billboard | Adele returns to the top of the Billboard 200, passes 4 million sales total ... Entertainment Weekly Christian band Casting Crowns finished close behind in second place with first-week sales of their album Come to the Well at 99000 copies. The band's last album, 2009รข€²s Until the Whole World Hears, got off to a stronger start with 167000 copies sold, ... Casting Crowns Scores Top Billboard 200 Debut, Adele Back at No. 1 Casting Crowns Debuts New Album at Top of Billboard Adele Retakes #1 Slot On Billboard |
Tuesday, October 25, 2011
The top destinations to visit in 2012 - USA Today
plesciamipukoa1855.blogspot.com
USA Today | The top destinations to visit in 2012 USA Today As it has for the past two years, the guidebook publisher/travel website allowed readers to chime in on where they want to go next year. And the winner by a landslide? Turkey, with 51% of the vote among a list of 10 ... |
Sunday, October 23, 2011
Former local football star flounders financially - Atlanta Business Chronicle:
husolumiz.wordpress.com
million judgment from the latesr ofhis troubles. Kosar, of Weston, and related companie also lost foreclosure judgments on multifamily propertie s in theTampa area, and face a pendinf foreclosure lawsuit against a third. His Bernie Kosar’s Steakhouse was evicted from its Southg Miami spacein November. Many South Florida and Cleveland sports fans remember Kosarf for his stellar succeses onthe field. He led UM to its firstg football national championshipin 1984, then played 12 seasonse in the NFL, mostly with the . Kosar, now 45, played his final season with thein 1996.
The UM trusted is a minority owner of boththe NHL’ss and the , an team that sat out the past season along with the rest of the league. The Plain Dealer reported that the Gladiators lost $2 million to $2.5 million in the inaugural 2008 season, during which Kosar was team president and guiderd the team to the semi-finals. Meanwhile, the Panthera have discussed merging the team with a NewYork company, Stree t & Smith’s SportsBusiness Journal has reported. It appearw Kosar could use some money to paymountinvg judgments. In April, National City Bank won a $4.2 milliojn judgment against Kosar andBJK LLC.
It was base d on the remaining delinquent amoun t of a promissory note that was increasedto $12 millionh in 2005, with Kosa as a personal guarantor. The lawsuiyt does not say what BJK and Kosar used themoney for, but it said he defaulted on the note in June 2008. Kosar’ws attorney, David Lister of Weston, did not retur n repeated callsseeking comment. West Palm Beach-basedc attorney Michael T. Kranz, who represents Nationalk City Bank, also did not return several calls. Kosar’s attempt at running some multifamilyt propertieson Florida’s Gulf Coast did not work out too either. Kosar and his Boardwalik LLC on May 11 losta $2.
9 millio foreclosure judgment to Florida Bank in Pinellas County Circuig Court. The 36-unit building was scheduledr for public sale onJune 16. In April, Kosadr and his Oakmont LLC losta $3.3 million foreclosure judgment to Florida Bank in Hillsborough County Circuit County over a Tampa apartmen t building. The bank has another foreclosure lawsuit pending in Pinellasw County against Kosar and hisPCV LLC. Kosar also facesa significant tax problems, including $59,881 in unpaid property taxes on his Weston home and a combined $93,647 in federal tax lienxs against him over his personal incomde taxes, including some years filed jointly with ex-wife Babettse Kosar.
However, Kosar did fully pay a separate $228,806 federal tax lien placefd on him inJuly 2008. When The Plain Dealer questiones Kosar about those previously unpaic taxesin August, Kosat said some bills were lost in the shuffle during his “Divorce is difficult enough as it is, especiallyy for someone who wasn’t realluy looking to do that,” he told the “So, who owes what and all of that becomeds hard, but whatever I owe, obviously I woulds pay.” Kosar’s home, at 2940 Paddock Road, is currently listed online for sale for $3.5 It was purchased for almost the same amount in 2006.
million judgment from the latesr ofhis troubles. Kosar, of Weston, and related companie also lost foreclosure judgments on multifamily propertie s in theTampa area, and face a pendinf foreclosure lawsuit against a third. His Bernie Kosar’s Steakhouse was evicted from its Southg Miami spacein November. Many South Florida and Cleveland sports fans remember Kosarf for his stellar succeses onthe field. He led UM to its firstg football national championshipin 1984, then played 12 seasonse in the NFL, mostly with the . Kosar, now 45, played his final season with thein 1996.
The UM trusted is a minority owner of boththe NHL’ss and the , an team that sat out the past season along with the rest of the league. The Plain Dealer reported that the Gladiators lost $2 million to $2.5 million in the inaugural 2008 season, during which Kosar was team president and guiderd the team to the semi-finals. Meanwhile, the Panthera have discussed merging the team with a NewYork company, Stree t & Smith’s SportsBusiness Journal has reported. It appearw Kosar could use some money to paymountinvg judgments. In April, National City Bank won a $4.2 milliojn judgment against Kosar andBJK LLC.
It was base d on the remaining delinquent amoun t of a promissory note that was increasedto $12 millionh in 2005, with Kosa as a personal guarantor. The lawsuiyt does not say what BJK and Kosar used themoney for, but it said he defaulted on the note in June 2008. Kosar’ws attorney, David Lister of Weston, did not retur n repeated callsseeking comment. West Palm Beach-basedc attorney Michael T. Kranz, who represents Nationalk City Bank, also did not return several calls. Kosar’s attempt at running some multifamilyt propertieson Florida’s Gulf Coast did not work out too either. Kosar and his Boardwalik LLC on May 11 losta $2.
9 millio foreclosure judgment to Florida Bank in Pinellas County Circuig Court. The 36-unit building was scheduledr for public sale onJune 16. In April, Kosadr and his Oakmont LLC losta $3.3 million foreclosure judgment to Florida Bank in Hillsborough County Circuit County over a Tampa apartmen t building. The bank has another foreclosure lawsuit pending in Pinellasw County against Kosar and hisPCV LLC. Kosar also facesa significant tax problems, including $59,881 in unpaid property taxes on his Weston home and a combined $93,647 in federal tax lienxs against him over his personal incomde taxes, including some years filed jointly with ex-wife Babettse Kosar.
However, Kosar did fully pay a separate $228,806 federal tax lien placefd on him inJuly 2008. When The Plain Dealer questiones Kosar about those previously unpaic taxesin August, Kosat said some bills were lost in the shuffle during his “Divorce is difficult enough as it is, especiallyy for someone who wasn’t realluy looking to do that,” he told the “So, who owes what and all of that becomeds hard, but whatever I owe, obviously I woulds pay.” Kosar’s home, at 2940 Paddock Road, is currently listed online for sale for $3.5 It was purchased for almost the same amount in 2006.
Thursday, October 20, 2011
Opus West says it owes $1.46 billion - South Florida Business Journal:
ofycagvezi.blogspot.com
and some of its subsidiaries filed voluntary petitionsd late Monday for reorganization underChaptet 11. Chapter 11 generally removes the threat of lawsuitsz from creditors while a business seeks to rehabilitatse itself andcontinue operations. Opus West and its affiliate reportedabout $1.28 billion in total assetes and $1.46 billion in totaol liabilities, according to bankruptcy court filings. The corporation and its affiliates had combineed revenue ofabout $405 millionj in 2008. The parent company lists 200 to999 creditors, accordinh to bankruptcy filings. Opus West Corp.
owns aboutr 20 real estate development properties either directly or through entitiez set up to holdthe properties, the courr filings say. The total debt on thos properties isabout $414 million and the value of the properties is aboutf $403 million. In additiob to Opus West Corp., the subsidiaries that have filed Chapter 11 petitions are Opus WestConstruction Corp., Opus West LP, Opus West Partnersz Inc. and O.W. Commercial Inc. Opus West has guaranteed about $1.15 billion in loans for its subsidiariez andjoint ventures, and most of those loans are in default, the court filings say.
Steep declines in commerciall real estate values and difficult credit market conditions necessitateedthe filing, said John Greer, chief restructuring officer of Opus Greer said Opus West will keep a "modesyt presence" in Phoenix, Texas and Californiwa to work on asset dispositions and "While we began slowing the pace of new developmentr nearly two years ago in anticipation of difficult market we must now take additional measures to enable an orderlyt wind-down of our portfolio, protecrt asset values and maximize return on lenders' investment," Greer said in a preparedr statement.
Opus West and its subsidiaries have sufferec declining financial performancesince 2008, resulting in defaults on certainj credit lines and constrained liquidity, according to an affidavit fileds by Greer, managing member of New York-based Phoenix Capital Partners, which is the chievf restructuring officer of Opus West Corp. Greer is also president of the Opus West Opus West Partnersand O.W. Commercial subsidiaries. Opus has focusee on recapitalizing through projecf salesand refinancing, but has been unablde to do so because of poor marketf conditions, Greer's affidavit says.
Sincre 1979, Opus West and its affiliatez have developed more than 52 million squarse feetof office, industrial, retail, multifamily, government and institutional the affidavit says. The company' s assets include interests in commercial and residential real estats projectsacross California, Arizona and Texas, including office, industrial, apartment and retai projects in various stages of development, the affidaviy says.
Addison-based Opus West LP, formed to develop real estate propertiedsin Texas, owns seven properties that consist of either vacanr land, or a project undef construction or completed The total debt on those propertiees is about $105 million and theirr value is about $134 Greer's filing states. Opus has been dramatically scalingv back its North Texas operations for more thana year. Opus spokeswomanm Winston Hewett told the that the Addisom office has not started a new development in more than a year and has cut its stafr in Dallas to 12 employees from about 40 ayear ago. Opus West'ss overall headcount had dropped to 40 as ofJuly 1, compared to 291 two yeard ago, Hewett said.
Since dozens of subcontractors have filed lien s totaling morethan $4 million against Opus West Corp. and Opus West Constructionm tied to TwoAddisonn Circle, a $23 million, 198,000-square-foot speculative office building in Addison. The building was developed and is owned by Opus West The liens claim Opus owes the subcontractorsd for labor or materials provided in the course of The six-story Two Addison building on the west side of the Dallax North Tollway just north of Arapahoi Road was recently completed, but has no The credit crunch and slowing demand for office space left Opus unable to get permanent financinhg to replace the short-term constructio loan on the Addison project, Hewett Other Opus West Corp.
projects in Nort Texas include 121 Lakepointe an office and industrial developmentin Lewisville; and Broadstone Parkway, a 5.8-acre mixed-us e project at 5005 Galleria Drive in North Dallas. Dallasa area creditors include RL Murphey Commercial Roof owed $1.24 million; Green Fire Systems of owed $856,660; and Ennis Steel Industriex Inc., owed $519,402; and Tas Commerciapl Concrete Construction, owed $500,704, according to court records.
troubles stem from the globaleconomic downturn, deteriorationh of the real estate market and the credi crunch, which has made it difficult for borroweras to get financing to fund real estate projecte or refinance existing projects, Greer's affidavit states. The turmoiol has scared buyers, leading to excesss supply and lower The dramatic downturn has caused Opus to be out of compliance with terms of various loanes and unable torestructure them, and attempts to raised capital and sell assets have proven bringing about the Chapter 11 Greer's affidavit says. Opus' challenges vary considerably by region, said Mark chairman and CEO ofOpus Corp.
"Opusw West faced particularly dramatid drops in real estate values in markets such as Californiqand Arizona, and has been particularly challenged by the sharpp downturn in the capital marketsx and availability of refinancing," he said. Rauenhorst said that two other independent operating companies of OpusGroupo -- and Opus Northwest LLC -- have been less affectefd by the economic and capitakl market conditions because of their mix of project types and their location in stronger , which is based in Minnetonka, is a design-build development firm that specializes in industrial, retail, multifamily, government and institutionall projects.
It also controlz Washington-based LLC, which filed for Chaptere 7 liquidation inlate June. Opus Group said its subsidiary, whicgh is based in Atlanta, filed for reorganizationb in bankruptcy court onApril 22.
and some of its subsidiaries filed voluntary petitionsd late Monday for reorganization underChaptet 11. Chapter 11 generally removes the threat of lawsuitsz from creditors while a business seeks to rehabilitatse itself andcontinue operations. Opus West and its affiliate reportedabout $1.28 billion in total assetes and $1.46 billion in totaol liabilities, according to bankruptcy court filings. The corporation and its affiliates had combineed revenue ofabout $405 millionj in 2008. The parent company lists 200 to999 creditors, accordinh to bankruptcy filings. Opus West Corp.
owns aboutr 20 real estate development properties either directly or through entitiez set up to holdthe properties, the courr filings say. The total debt on thos properties isabout $414 million and the value of the properties is aboutf $403 million. In additiob to Opus West Corp., the subsidiaries that have filed Chapter 11 petitions are Opus WestConstruction Corp., Opus West LP, Opus West Partnersz Inc. and O.W. Commercial Inc. Opus West has guaranteed about $1.15 billion in loans for its subsidiariez andjoint ventures, and most of those loans are in default, the court filings say.
Steep declines in commerciall real estate values and difficult credit market conditions necessitateedthe filing, said John Greer, chief restructuring officer of Opus Greer said Opus West will keep a "modesyt presence" in Phoenix, Texas and Californiwa to work on asset dispositions and "While we began slowing the pace of new developmentr nearly two years ago in anticipation of difficult market we must now take additional measures to enable an orderlyt wind-down of our portfolio, protecrt asset values and maximize return on lenders' investment," Greer said in a preparedr statement.
Opus West and its subsidiaries have sufferec declining financial performancesince 2008, resulting in defaults on certainj credit lines and constrained liquidity, according to an affidavit fileds by Greer, managing member of New York-based Phoenix Capital Partners, which is the chievf restructuring officer of Opus West Corp. Greer is also president of the Opus West Opus West Partnersand O.W. Commercial subsidiaries. Opus has focusee on recapitalizing through projecf salesand refinancing, but has been unablde to do so because of poor marketf conditions, Greer's affidavit says.
Sincre 1979, Opus West and its affiliatez have developed more than 52 million squarse feetof office, industrial, retail, multifamily, government and institutional the affidavit says. The company' s assets include interests in commercial and residential real estats projectsacross California, Arizona and Texas, including office, industrial, apartment and retai projects in various stages of development, the affidaviy says.
Addison-based Opus West LP, formed to develop real estate propertiedsin Texas, owns seven properties that consist of either vacanr land, or a project undef construction or completed The total debt on those propertiees is about $105 million and theirr value is about $134 Greer's filing states. Opus has been dramatically scalingv back its North Texas operations for more thana year. Opus spokeswomanm Winston Hewett told the that the Addisom office has not started a new development in more than a year and has cut its stafr in Dallas to 12 employees from about 40 ayear ago. Opus West'ss overall headcount had dropped to 40 as ofJuly 1, compared to 291 two yeard ago, Hewett said.
Since dozens of subcontractors have filed lien s totaling morethan $4 million against Opus West Corp. and Opus West Constructionm tied to TwoAddisonn Circle, a $23 million, 198,000-square-foot speculative office building in Addison. The building was developed and is owned by Opus West The liens claim Opus owes the subcontractorsd for labor or materials provided in the course of The six-story Two Addison building on the west side of the Dallax North Tollway just north of Arapahoi Road was recently completed, but has no The credit crunch and slowing demand for office space left Opus unable to get permanent financinhg to replace the short-term constructio loan on the Addison project, Hewett Other Opus West Corp.
projects in Nort Texas include 121 Lakepointe an office and industrial developmentin Lewisville; and Broadstone Parkway, a 5.8-acre mixed-us e project at 5005 Galleria Drive in North Dallas. Dallasa area creditors include RL Murphey Commercial Roof owed $1.24 million; Green Fire Systems of owed $856,660; and Ennis Steel Industriex Inc., owed $519,402; and Tas Commerciapl Concrete Construction, owed $500,704, according to court records.
troubles stem from the globaleconomic downturn, deteriorationh of the real estate market and the credi crunch, which has made it difficult for borroweras to get financing to fund real estate projecte or refinance existing projects, Greer's affidavit states. The turmoiol has scared buyers, leading to excesss supply and lower The dramatic downturn has caused Opus to be out of compliance with terms of various loanes and unable torestructure them, and attempts to raised capital and sell assets have proven bringing about the Chapter 11 Greer's affidavit says. Opus' challenges vary considerably by region, said Mark chairman and CEO ofOpus Corp.
"Opusw West faced particularly dramatid drops in real estate values in markets such as Californiqand Arizona, and has been particularly challenged by the sharpp downturn in the capital marketsx and availability of refinancing," he said. Rauenhorst said that two other independent operating companies of OpusGroupo -- and Opus Northwest LLC -- have been less affectefd by the economic and capitakl market conditions because of their mix of project types and their location in stronger , which is based in Minnetonka, is a design-build development firm that specializes in industrial, retail, multifamily, government and institutionall projects.
It also controlz Washington-based LLC, which filed for Chaptere 7 liquidation inlate June. Opus Group said its subsidiary, whicgh is based in Atlanta, filed for reorganizationb in bankruptcy court onApril 22.
Tuesday, October 18, 2011
Talkshow Digelar di Luar Ruangan - Radar Jogja
tiqosi.wordpress.com
Talkshow Digelar di Luar Ruangan Radar Jogja Begitulah salah satu pertanyaan dari perwakilan wali murid TK Pujokusuman di Ndalem Pujokusuman, Jogja. Ya, Jumat (30/9) pagi, dalam cuaca yang sangat cerah diadakan acara on air talkshow kesehatan di TK ini. Acara yang mengambil tema Bincang Sehat ... |
Sunday, October 16, 2011
Buckeyes expose Illinois weaknesses in 17-7 upset win - Washington Post
idozxun.blogspot.com
Buckeyes expose Illinois weaknesses in 17-7 upset win Washington Post By AP, CHAMPAIGN, Ill. รข€" Ohio State's 17-7 upset of Illinois answered one big question for the Buckeyes รข€" how do we end a two losing streak? But Illinois' loss on Saturday raised a bunch of questions for the Illini (6-1, 2-1 Big Ten) and dropped them ... |
Friday, October 14, 2011
Johns Hopkins, Colliers Pinkard among bankrupt developer Opus East's creditors - Minneapolis / St. Paul Business Journal:
yzirapogyg.wordpress.com
Opus, which developed more than 13 millionh square feet of commercial space in the regionsinces 1994, . The 210-page list of creditors did not specif whether they were securedor unsecured, nor did it say how much moneh each was owed. Among the firm’ largest creditors is , which is seeking more than $25 million from Opus tied to a 160,000-square-foort office it was building for defensecontractor NOC) in Linthicum Heights. The bank sued Opus subsidiarh Nursery Corner BB LLC in Anne Arundel County Circuitg Court onJune 29, claiminhg Opus defaulted on the loan, according to courty documents.
In its bankruptcyt filing, Opus listed assets of between $50 millionm and $100 million and liabilities ofbetweebn $100 million and $500 Other notable Baltimore-area firma listed included: in Baltimore; Century Engineering; the Economicx Alliance of Greater Baltimore; ; American Officwe Equipment Co. Inc.; ; ; and Rummel, Kleppetr & Kahl LLP. The U.S. Bankruptcty Court in Delaware has scheduled a creditords meeting to be heldJuly 22.
Opus, which developed more than 13 millionh square feet of commercial space in the regionsinces 1994, . The 210-page list of creditors did not specif whether they were securedor unsecured, nor did it say how much moneh each was owed. Among the firm’ largest creditors is , which is seeking more than $25 million from Opus tied to a 160,000-square-foort office it was building for defensecontractor NOC) in Linthicum Heights. The bank sued Opus subsidiarh Nursery Corner BB LLC in Anne Arundel County Circuitg Court onJune 29, claiminhg Opus defaulted on the loan, according to courty documents.
In its bankruptcyt filing, Opus listed assets of between $50 millionm and $100 million and liabilities ofbetweebn $100 million and $500 Other notable Baltimore-area firma listed included: in Baltimore; Century Engineering; the Economicx Alliance of Greater Baltimore; ; American Officwe Equipment Co. Inc.; ; ; and Rummel, Kleppetr & Kahl LLP. The U.S. Bankruptcty Court in Delaware has scheduled a creditords meeting to be heldJuly 22.
Wednesday, October 12, 2011
MJ could not have administered fatal dose - Times of India
zemlyanikiyri.blogspot.com
ABC News | MJ could not have administered fatal dose Times of India "In order for Mr. Jackson to have administered the Propofol to himself, you would have to assume he woke up and although he was under the influence of Propofol and other sedatives, he was somehow able to administer Propofol to himself. ... Coroner: No Evidence Michael Jackson Self-Administered Lethal Dose of Propofol Testimony strikes at heart of Jackson doctor's defense Circumstances do not support self-administration: Murray trial update |
Monday, October 10, 2011
Real estate vets opening hardware store - Baltimore Business Journal:
hydiuco.blogspot.com
Jeff Pfeil and Deane Pfeikl are opening later this summed at 63Third St., the same addressw where they renovated the upper four floorw into 19 luxury apartments called The Conservatory. The husband-and-wifse team -- who own the commercialk leasing and marketingfirm Inc. in Saratoga Springsw -- say a hardware store is needed downtowb to serve local businesses and residents who must now travel miles away to buy equipment andother supplies. They know the frustratioh firsthand after doing two residential renovation projectsw inthe city, the Conservatory and Powere Park Lofts in north Troy.
“Our construction staff was runninfg all over to pick upthe incidentals,” Jeff Pfeil “We were spending a lot of time drivingy to Latham and I was hauling a lot from in Saratoga. We ‘Gee, there’s a void here.’” Trojan Hardware on Congresa Street recently closed after 94 yearsin business, leaving downtow n with no other hardware stores. The closest is across the Hudson Rive r in Watervliet or uptown near the town of Pfeil Hardware will be part of inFort Ind., the nation’s second largest hardware co-operative. The store will be managed by Steven Lesnewskiof Pittsfield, Mass., who has more than 25 year s of experience in the hardware industry.
The 8,700-square-footr store will stock hardware, smalpl appliances, fasteners, electrical and plumbing supplies, Benjaminb Moore paints and other products. It won’t sell The Pfeils have been planning the storr fora year. As part of their researcgh they visited hardware stores in college towns and largde cities to see what kinds of productscustomers need. They also searcher hard for someone to managethe store. “Ths decision wasn’t final until we found the righf person,” Pfeil said. The Pfeils have been in the commerciapl real estate and developmengt business for more than 20 but this will be the first time they will owna There’s a reason for that.
“Becausse of all the years we worked with retailerds very closely we have a pretty thorough understandingof retail, that’e probably why we never went into it,” Jeff Pfeil said. “It’s sort of a joke, but retail is a lot of hard long hours and all the things that comewith Still, they knew from personal experience a hardware storde is needed and were encouraged by the resultsd of their marketing studies. Finding a seasoned store managed wasalso critical. Mayor Harry Tutunjian cheerexd the announcement aboutthe store.
“Jeff and Deane Pfeil have a recorrd of success in Troy and I am sure that this new venturre will succeedas well,” Tutunjian “The residents of Troy will benefit from havinf a well stocked urban hardware store in the heartr of the city.” The openinf of Pfeil Hardware, which is tentatively set for September, will return retailing to a downtown building that had long servedr as the home of Stanley’s department The building sat empty for years before the Pfeild bought it and converted the upper floorse into 19 luxury apartments they call The Conservatory. All but two of the apartmentsa were occupied as ofJuly 1.
The Pfeils declined to say how much they spenrtin start-up costs for the hardware store. Nor did they want to say how much they coulxd have received per square foot had they leasexd the first floor space to another Lease rates in downtown Troywere $10 to $20 per squarew foot as of the fourth quartetr of 2008, according to CB Richard
Jeff Pfeil and Deane Pfeikl are opening later this summed at 63Third St., the same addressw where they renovated the upper four floorw into 19 luxury apartments called The Conservatory. The husband-and-wifse team -- who own the commercialk leasing and marketingfirm Inc. in Saratoga Springsw -- say a hardware store is needed downtowb to serve local businesses and residents who must now travel miles away to buy equipment andother supplies. They know the frustratioh firsthand after doing two residential renovation projectsw inthe city, the Conservatory and Powere Park Lofts in north Troy.
“Our construction staff was runninfg all over to pick upthe incidentals,” Jeff Pfeil “We were spending a lot of time drivingy to Latham and I was hauling a lot from in Saratoga. We ‘Gee, there’s a void here.’” Trojan Hardware on Congresa Street recently closed after 94 yearsin business, leaving downtow n with no other hardware stores. The closest is across the Hudson Rive r in Watervliet or uptown near the town of Pfeil Hardware will be part of inFort Ind., the nation’s second largest hardware co-operative. The store will be managed by Steven Lesnewskiof Pittsfield, Mass., who has more than 25 year s of experience in the hardware industry.
The 8,700-square-footr store will stock hardware, smalpl appliances, fasteners, electrical and plumbing supplies, Benjaminb Moore paints and other products. It won’t sell The Pfeils have been planning the storr fora year. As part of their researcgh they visited hardware stores in college towns and largde cities to see what kinds of productscustomers need. They also searcher hard for someone to managethe store. “Ths decision wasn’t final until we found the righf person,” Pfeil said. The Pfeils have been in the commerciapl real estate and developmengt business for more than 20 but this will be the first time they will owna There’s a reason for that.
“Becausse of all the years we worked with retailerds very closely we have a pretty thorough understandingof retail, that’e probably why we never went into it,” Jeff Pfeil said. “It’s sort of a joke, but retail is a lot of hard long hours and all the things that comewith Still, they knew from personal experience a hardware storde is needed and were encouraged by the resultsd of their marketing studies. Finding a seasoned store managed wasalso critical. Mayor Harry Tutunjian cheerexd the announcement aboutthe store.
“Jeff and Deane Pfeil have a recorrd of success in Troy and I am sure that this new venturre will succeedas well,” Tutunjian “The residents of Troy will benefit from havinf a well stocked urban hardware store in the heartr of the city.” The openinf of Pfeil Hardware, which is tentatively set for September, will return retailing to a downtown building that had long servedr as the home of Stanley’s department The building sat empty for years before the Pfeild bought it and converted the upper floorse into 19 luxury apartments they call The Conservatory. All but two of the apartmentsa were occupied as ofJuly 1.
The Pfeils declined to say how much they spenrtin start-up costs for the hardware store. Nor did they want to say how much they coulxd have received per square foot had they leasexd the first floor space to another Lease rates in downtown Troywere $10 to $20 per squarew foot as of the fourth quartetr of 2008, according to CB Richard
Friday, October 7, 2011
Denver Business Journal: Nomination
http://www.guiasinterpretes.com/jslinkardb2.html
Nominations will be judged solely on the information provided on thenominationj forms. So, be sure to fill in the form completelhy and give a thorough explanation foreach criteria. The deadline to submi nominations is5 p.m., June 19. For more information about the nomination contact Connie Elsburyat 303-803-9223w or celsbury@bizjournals.com. For more information about the event, contactt Meghan Tynan at 303-803-9213 or meghantynan@bizjournals.
comn 2009 - Champions in Health Care (Deadlined is June 19, 2009) Deadline: June 19, 2009 Innovator (honoringv a person or organization for developingf a breakthrough in medical technology or This can include Provider (health care individual, such as, but not limitedd to, doctors/nurses, EMTs and home healthcarde workers, for exemplary performance) Please be complete Provide specific examples of why the nominee should be
Nominations will be judged solely on the information provided on thenominationj forms. So, be sure to fill in the form completelhy and give a thorough explanation foreach criteria. The deadline to submi nominations is5 p.m., June 19. For more information about the nomination contact Connie Elsburyat 303-803-9223w or celsbury@bizjournals.com. For more information about the event, contactt Meghan Tynan at 303-803-9213 or meghantynan@bizjournals.
comn 2009 - Champions in Health Care (Deadlined is June 19, 2009) Deadline: June 19, 2009 Innovator (honoringv a person or organization for developingf a breakthrough in medical technology or This can include Provider (health care individual, such as, but not limitedd to, doctors/nurses, EMTs and home healthcarde workers, for exemplary performance) Please be complete Provide specific examples of why the nominee should be
Wednesday, October 5, 2011
New Layoffs Are Harbingers of Broader Economic Changes - U.S. News & World Report
http://www.lamontanita.org/definingagricultural.htm
New Layoffs Are Harbingers of Broader Economic Changes U.S. News & World Report "I just think we're in a paradigm-changing, era-changing, watershedรข€"whatever you call itรข€"time," John Challenger, CEO of Challenger, Gray & Christmas, tells US News. Though the spike in layoffs is alarming, the bigger story in the numbers is what they ... |
Monday, October 3, 2011
Deal gives VC-owned firms a shot at research awards - Boston Business Journal:
omagyvoham.wordpress.com
The deal limits the number of SBIR contractsw that can be awardeeto VC-owned firms, however. The legislation would alloew the to award up to 18 percent of its SBIR dollarsto VC-ownedx firms. The other 10 agencies that participate in the SBIR prograj could award up to 8 percenft of their SBIR dollars to thes e typesof companies. The compromise was includedx in an SBIR reauthorization bill approverd recently by the ona 19-0 If it’s passed by the full Senate in Septembet and accepted by the it could end a five-year battle over eligibility for the SBIR Congress created the SBIR programk in 1982. It requires federal agencies with large outsides research budgets to award atleast 2.
5 percent of this moneu to small businesses. In fiscalo 2006, small companies received approximately $2 billion in SBIR ruled in 2003 that acompanh doesn’t qualify as a small busineszs if venture capital firms have an equity stake of 50 percentr or more in the company. This made many particularly in thebiotechnology industry, ineligibl e for SBIR awards. and the have been lobbyinb Congress to overturnthe SBA’s ruling ever They contend small biotech companies are forced to turn to venture capital because bringing new drugs and other innovationsd to market takes a lot of time and These companies shouldn’t be penalizerd just because of their financial they argue.
“Thousands of small companie are pursuing biotech innovations that can improvehuma health, expand our food supply, and provide new sourcesz of energy,” said BIO President Jim “They may not yet have produc revenue, but they have tremendousd potential — and are precisely the kindd of efforts the SBIR program was intended to and some current SBIR recipients, however, contend that companiesw owned by VC firms are no longefr small businesses. Ownership equal s control, they argue. Allowing companies flushb with VC cash to be eligible for SBIR awardsx would crowd out businesses that trulyare small, they The House sided with BIO and venturre capitalists.
By an 368-43 vote April 23, it passed legislation that would restore the SBIR eligibilityof venture-owneds small businesses, as long as no single VC firm owns a majorit y stake. The Senate, by worked for months on an agreement aimed at addressinb the concerns ofboth sides. By allowing NIH to awarfd up to 18 percent of its SBIR grantsto venture-owne d firms, it acknowledged the importance of venture capital to the biotecjh industry while ensuring that most of the awards go to smal businesses that are not controlled by VC The Senate legislation also would increase SBIR’s share of agency R&D budget s from 2.5 percent to 3.5 percent, exceptt at NIH, which would remain at 2.
5 The House rejected a proposal to increasde the SBIR share to 3 percent, largelty due to opposition from universities, whichu feared they would lose federalk research dollars as a result. The size of SBIR award s also would increase under theSenate bill, from $100,000 to $150,00o0 for first-phase awards, and from $750,000 to $1 millio for second-phase awards. The by contrast, tripled these recommendex maximums. This would result in far fewer companies receiving SBIR critics said. The Senate bill was a result of negotiationxsbetween Sen. John Kerry, D-Mass., and othed senators, including Sen. Kit Bond, R-Mo., who sponsoredr legislation toallow venture-owned companies in the SBIR program.
“Neithefr of us really like it, but no one took advantagde of anyone, and everyone is still trying to figure outwho won,” said Kerry, who chairsw the Senate Small Business and Entrepreneurship “I am told that is the sign of a good “It’s the best compromise that could be worked out under the said Jere Glover, executive director of the Small Business Technology Council. “The question he said, “do the VCs get greedy and come back for The National Venture Capital Associationis “not happy” with the Senate compromisre and instead strongly supports the House bill, said NVCA Vice Presidenty Emily Mendell.
Capping the number of SBIR awardsto venture-ownerd firms is “really limiting the number of reallyg good innovations that can be looked at,” she said.
The deal limits the number of SBIR contractsw that can be awardeeto VC-owned firms, however. The legislation would alloew the to award up to 18 percent of its SBIR dollarsto VC-ownedx firms. The other 10 agencies that participate in the SBIR prograj could award up to 8 percenft of their SBIR dollars to thes e typesof companies. The compromise was includedx in an SBIR reauthorization bill approverd recently by the ona 19-0 If it’s passed by the full Senate in Septembet and accepted by the it could end a five-year battle over eligibility for the SBIR Congress created the SBIR programk in 1982. It requires federal agencies with large outsides research budgets to award atleast 2.
5 percent of this moneu to small businesses. In fiscalo 2006, small companies received approximately $2 billion in SBIR ruled in 2003 that acompanh doesn’t qualify as a small busineszs if venture capital firms have an equity stake of 50 percentr or more in the company. This made many particularly in thebiotechnology industry, ineligibl e for SBIR awards. and the have been lobbyinb Congress to overturnthe SBA’s ruling ever They contend small biotech companies are forced to turn to venture capital because bringing new drugs and other innovationsd to market takes a lot of time and These companies shouldn’t be penalizerd just because of their financial they argue.
“Thousands of small companie are pursuing biotech innovations that can improvehuma health, expand our food supply, and provide new sourcesz of energy,” said BIO President Jim “They may not yet have produc revenue, but they have tremendousd potential — and are precisely the kindd of efforts the SBIR program was intended to and some current SBIR recipients, however, contend that companiesw owned by VC firms are no longefr small businesses. Ownership equal s control, they argue. Allowing companies flushb with VC cash to be eligible for SBIR awardsx would crowd out businesses that trulyare small, they The House sided with BIO and venturre capitalists.
By an 368-43 vote April 23, it passed legislation that would restore the SBIR eligibilityof venture-owneds small businesses, as long as no single VC firm owns a majorit y stake. The Senate, by worked for months on an agreement aimed at addressinb the concerns ofboth sides. By allowing NIH to awarfd up to 18 percent of its SBIR grantsto venture-owne d firms, it acknowledged the importance of venture capital to the biotecjh industry while ensuring that most of the awards go to smal businesses that are not controlled by VC The Senate legislation also would increase SBIR’s share of agency R&D budget s from 2.5 percent to 3.5 percent, exceptt at NIH, which would remain at 2.
5 The House rejected a proposal to increasde the SBIR share to 3 percent, largelty due to opposition from universities, whichu feared they would lose federalk research dollars as a result. The size of SBIR award s also would increase under theSenate bill, from $100,000 to $150,00o0 for first-phase awards, and from $750,000 to $1 millio for second-phase awards. The by contrast, tripled these recommendex maximums. This would result in far fewer companies receiving SBIR critics said. The Senate bill was a result of negotiationxsbetween Sen. John Kerry, D-Mass., and othed senators, including Sen. Kit Bond, R-Mo., who sponsoredr legislation toallow venture-owned companies in the SBIR program.
“Neithefr of us really like it, but no one took advantagde of anyone, and everyone is still trying to figure outwho won,” said Kerry, who chairsw the Senate Small Business and Entrepreneurship “I am told that is the sign of a good “It’s the best compromise that could be worked out under the said Jere Glover, executive director of the Small Business Technology Council. “The question he said, “do the VCs get greedy and come back for The National Venture Capital Associationis “not happy” with the Senate compromisre and instead strongly supports the House bill, said NVCA Vice Presidenty Emily Mendell.
Capping the number of SBIR awardsto venture-ownerd firms is “really limiting the number of reallyg good innovations that can be looked at,” she said.
Saturday, October 1, 2011
JPMorgan BofA sued over mortgage debt losses - Moneycontrol.com
idellecromwell1991.blogspot.com
Business Standard | JPMorgan BofA sued over mortgage debt losses Moneycontrol.com Another plaintiff, Germany's Landesbank Baden-Wurttemberg, raised similar claims in a separate lawsuit against JPMorgan over USD 500 million of RMBS that it said it bought. The lawsuits accuse the banks of packaging large amounts of high-risk mortgages ... BofA and JPMorgan sued over securities BofA, JPMorgan Chase Sued By Investors Over Mortgage Debt Losses Investors sue JPMorgan, BofA |
Thursday, September 29, 2011
Teen arrested in wounding of Yakima grandmother, grandson - Yakima Herald-Republic
asozyrab.wordpress.com
Teen arrested in wounding of Yakima grandmother, grandson Yakima Herald-Republic Police made a quick arrest in the shooting Tuesday night of a grandmother and her 15-year-old grandson. The suspect is another 15-year-old boy who was taken into custody at a trailer court Wednesday morning in Union Gap, Yakima police Lt. Mike Merryman ... KIMA Digs Deeper into Yakima Gun Assaults Suspects ! and Accomplices Arrested in Shooting of Grandmother and Grandson |
Tuesday, September 27, 2011
Grede Foundries files for bankruptcy protection - Business First of Columbus:
efenytan.wordpress.com
Wayzata Investment Partners LLCof Wayzata, an SEC-registered investment adviser and manager of private investment funds with more than $5 billion in has offered to providd a $45 million temporary loan facility to alloa time for an orderly sale undet the supervision of the Bankruptcy Since 1992, Wayzata has invested more than $12 billionn in more than 600 investments. The filing, made Tuesday in the U.S. Bankruptcg Court for the Western District of was driven by the impact of the curreng economic downturn on the company andits customers, particularlh the automotive industry, said Richard Koenings chairma of the board of directorsw for Wauwatosa-based Grede.
The reorganization and asseyt sale is expected to position the company for a turnarouned as the country emerges from the most difficult economic period it has seen in he said. “The significant deterioration in the automotive and constructionb industries and the resulting impact on our company and the foundry industry in genera require that we take this strategic action,” Koenings said.
“We have carefully exploreed many options, and believe a sale to a strontg financial backer like Wayzata is the best way to effectivelyu proceed in what has been an exceedingly difficult Koenings stressed that Grede Foundriesx remains in business and that jobs will remainm duringthe transition. “This move gives us the time to restructurr while we continue to do business and operatedour plants,” he said. “Grede will continud to buy goods and services fromits vendors, suppor its work force and provide its customers with the same qualithy products and service they’ve come to expect from us.
Our goal is to preserve and strengthen our businese so that we can compete successfull inthe future.” Wayzata has also agreed to make the firsrt bid, often called a “stalking bid, for Grede. “Wayzata’s commitment showsa their belief in the strength of the Greder name and its respected positioj in thefoundry industry,” Koenings Sales of businesses in bankruptcy proceedings are oftenm structured where one companu makes the initial bid for another company’zs assets. Under rules approved by the court, higher offers from third parties can be submittee ascompeting bids.
The “stalking horse” arrangement helps ensure that Gredr receives the best value for its assete and allows for offers that are best for the creditorss while preserving thebusiness operations, company managemengt said. Grede said that it has already received inquirie from other parties that are interestedin Grede’ss production capacity. Koenings said Grede expects the sale and relatedf bidding process to move steadily through thecourt “We are deeply committed to doing everythiny necessary to put our company on solicd footing as the nation begins to rise out of the worsyt economic conditions since the Greatr Depression,” he said.
“Our customerss very clearly want us to succeed and have been very Grede announced in May that it had laid off 81 employeez from its foundry in Wauwatosa sincd the endof January. In April, the companu revealed plans to close its foundrytin Greenwood, S.C.
Wayzata Investment Partners LLCof Wayzata, an SEC-registered investment adviser and manager of private investment funds with more than $5 billion in has offered to providd a $45 million temporary loan facility to alloa time for an orderly sale undet the supervision of the Bankruptcy Since 1992, Wayzata has invested more than $12 billionn in more than 600 investments. The filing, made Tuesday in the U.S. Bankruptcg Court for the Western District of was driven by the impact of the curreng economic downturn on the company andits customers, particularlh the automotive industry, said Richard Koenings chairma of the board of directorsw for Wauwatosa-based Grede.
The reorganization and asseyt sale is expected to position the company for a turnarouned as the country emerges from the most difficult economic period it has seen in he said. “The significant deterioration in the automotive and constructionb industries and the resulting impact on our company and the foundry industry in genera require that we take this strategic action,” Koenings said.
“We have carefully exploreed many options, and believe a sale to a strontg financial backer like Wayzata is the best way to effectivelyu proceed in what has been an exceedingly difficult Koenings stressed that Grede Foundriesx remains in business and that jobs will remainm duringthe transition. “This move gives us the time to restructurr while we continue to do business and operatedour plants,” he said. “Grede will continud to buy goods and services fromits vendors, suppor its work force and provide its customers with the same qualithy products and service they’ve come to expect from us.
Our goal is to preserve and strengthen our businese so that we can compete successfull inthe future.” Wayzata has also agreed to make the firsrt bid, often called a “stalking bid, for Grede. “Wayzata’s commitment showsa their belief in the strength of the Greder name and its respected positioj in thefoundry industry,” Koenings Sales of businesses in bankruptcy proceedings are oftenm structured where one companu makes the initial bid for another company’zs assets. Under rules approved by the court, higher offers from third parties can be submittee ascompeting bids.
The “stalking horse” arrangement helps ensure that Gredr receives the best value for its assete and allows for offers that are best for the creditorss while preserving thebusiness operations, company managemengt said. Grede said that it has already received inquirie from other parties that are interestedin Grede’ss production capacity. Koenings said Grede expects the sale and relatedf bidding process to move steadily through thecourt “We are deeply committed to doing everythiny necessary to put our company on solicd footing as the nation begins to rise out of the worsyt economic conditions since the Greatr Depression,” he said.
“Our customerss very clearly want us to succeed and have been very Grede announced in May that it had laid off 81 employeez from its foundry in Wauwatosa sincd the endof January. In April, the companu revealed plans to close its foundrytin Greenwood, S.C.
Sunday, September 25, 2011
Madden Simulations, Week 3: Arizona Cardinals At Seattle Seahawks - NFL News
Frigidaire Refrigerator Parts
Madden Simulations, Week 3: Arizona Cardinals At Seattle Seahawks NFL News It is time for another Madden Simulation as the Cardinals go into Seattle to play the Seahawks for week three of the NFL Season. Going back to 15 minute quarters for this week, and the Super Sim mode is still being used. With that said, lets get on to ... |
Friday, September 23, 2011
Study: Energy industry tops emission mitigation spending - Houston Business Journal:
ekaterinaiuvo.blogspot.com
billion from 2000 to 2008 in technologies to reduce greenhouse gas according to anational study. The amount represents the largesrchunk — about 44 percentt — of the total invested by all U.S. privatd industry and the federal government. • Some $30.6 billion went into advancexd end-use technologies, such as combined heat and power (cogeneration), carbon capturd and storage, and advanced • Fuel substitution — in which a lower greenhousr gas emission fuel such as naturap gas was substituted for a higherone — accounted for $21.1q billion; • More than $6.7 billion supporteed development of nonhydrocarbon energyu sources, such as biofuels and solar power.
The total amounty spent by all U.S. industries and the federal government on greenhouse gas mitigation during the period of the studieswas $133 The study was undertaken by T2 and Associates and the Centetr for Energy Economics at the using data from 420 company annuap reports, federal budget documents, and othe public sources.
billion from 2000 to 2008 in technologies to reduce greenhouse gas according to anational study. The amount represents the largesrchunk — about 44 percentt — of the total invested by all U.S. privatd industry and the federal government. • Some $30.6 billion went into advancexd end-use technologies, such as combined heat and power (cogeneration), carbon capturd and storage, and advanced • Fuel substitution — in which a lower greenhousr gas emission fuel such as naturap gas was substituted for a higherone — accounted for $21.1q billion; • More than $6.7 billion supporteed development of nonhydrocarbon energyu sources, such as biofuels and solar power.
The total amounty spent by all U.S. industries and the federal government on greenhouse gas mitigation during the period of the studieswas $133 The study was undertaken by T2 and Associates and the Centetr for Energy Economics at the using data from 420 company annuap reports, federal budget documents, and othe public sources.
Tuesday, September 20, 2011
Beige Book: Southeast economic decline moderating - Orlando Business Journal:
vypybiza.wordpress.com
Sales and consumer traffic remainedx at low levels inlate spring, but in line with modesf expectations, according to Southeasternm retailers. Retailers' future sales outlook remained Most regional auto dealers noted furthere declinesin sales, with several pointing to reduced credit availability and industry uncertainty as reasons for the poor results. Reports from Realtora indicated existing home sales werestabilizing overall. Homebuilderes noted new home inventoriezs were trending down ona year-over-year basis as construction remained at low levels and new home sales improvee modestly. Home sales prices continued to decline accordiny tomost reports.
Commercial real estate activityyremained weak. Vacancy rates continued to rise in many partes ofthe Southeast, putting downward pressure on most notably in the retail sector. Contractors reported more projects beinyg postponedor canceled. Commercial real estate players anticipate more space will becomed vacant in the coming months and that construction will continu eto slow. Most Southeastern manufacturers said the rate of declinse in production and orders moderatein April. For the coming months, most in manufacturingg noted more optimism about future productiohnand employment.
Several business contacts reportesd difficulty meeting financing needs because of restrictede availabilityof credit. Roughly one-quarter of non-auto retailers and one-thirrd of non-financial/non-retail contacts cited some difficulthy obtaining loans for inventory Auto dealers, in particular, said that obtaininf vehicle inventory financing was very challenging. Banking contactx continued to indicate generally low levels of demand for new loans and increased use of existing lines of Labor market conditions continuer tobe weak. Many firms reportedx additional cuts in hours or had institutedx mandatory unpaid days off forsome staff.
However, the pace of layoffe appears tohave slowed, as fewer firms reported layoffs than earliedr in the year.
Sales and consumer traffic remainedx at low levels inlate spring, but in line with modesf expectations, according to Southeasternm retailers. Retailers' future sales outlook remained Most regional auto dealers noted furthere declinesin sales, with several pointing to reduced credit availability and industry uncertainty as reasons for the poor results. Reports from Realtora indicated existing home sales werestabilizing overall. Homebuilderes noted new home inventoriezs were trending down ona year-over-year basis as construction remained at low levels and new home sales improvee modestly. Home sales prices continued to decline accordiny tomost reports.
Commercial real estate activityyremained weak. Vacancy rates continued to rise in many partes ofthe Southeast, putting downward pressure on most notably in the retail sector. Contractors reported more projects beinyg postponedor canceled. Commercial real estate players anticipate more space will becomed vacant in the coming months and that construction will continu eto slow. Most Southeastern manufacturers said the rate of declinse in production and orders moderatein April. For the coming months, most in manufacturingg noted more optimism about future productiohnand employment.
Several business contacts reportesd difficulty meeting financing needs because of restrictede availabilityof credit. Roughly one-quarter of non-auto retailers and one-thirrd of non-financial/non-retail contacts cited some difficulthy obtaining loans for inventory Auto dealers, in particular, said that obtaininf vehicle inventory financing was very challenging. Banking contactx continued to indicate generally low levels of demand for new loans and increased use of existing lines of Labor market conditions continuer tobe weak. Many firms reportedx additional cuts in hours or had institutedx mandatory unpaid days off forsome staff.
However, the pace of layoffe appears tohave slowed, as fewer firms reported layoffs than earliedr in the year.
Sunday, September 18, 2011
Assisting Asian homeowners - Atlanta Business Chronicle:
ramsdenjerrieas54.blogspot.com
The (AREAA), founded in recently launched its Greater Atlanta which is getting particular attentiob from national Chairwoman EmilyMoerdomo Fu, directorr and partner of . “We are the only trade organization that focuses on home ownership for Fu said. “There is a growing Asiab population in the United States and growing investment comin g fromAsian countries.” Therse are about 282,219 Asians that call Georgia home, accordin g to May 2006 Census data, the most recent Of that total, 225,860 — abou 80 percent — live in metro which is why an Atlanta AREAsA chapter is so important, said YangSooo Ku, AREAA’s Atlanta chairwoman.
“The majority of Asians are first-generation,” said Ku, who came to Georgiaw in 1973 from Korea. “There are languag e barriers, cultural differences, and we do business differently.” In the Asiam culture, home ownership is a priority, Fu but the percentage of home ownership by Asians in the Uniteed States is below thenational average. “Wed formed [AREAA] to help bridge the difference,” Fu said. Slightly more than 68 percent of U.S. residents were homeowneras in thesecond quarter, according to the . Of thoser homeowners, 75.2 percent were white, 47.8 percent were 49.6 percent were Hispanic, and 58.
4 percent were Native American, Native Hawaiian, Nativer Alaskan or other PacifivIslander ethnicity. Home ownership grew among black residents, compared with a year ago, the July 24 Censusz report said, but remained unchanged or fellfor Hispanics, whited and the ethnic categorgy that includes Asians. Old Asia is a cash-basis culture, said Ku, the local AREAw chairwoman, and first-generation Asians may not have builr up credit fora loan, nor understandr the U.S. banking system. “We have to guided them on what is the best way to do business in said Ku, president of Realty Centrak of Atlanta in Norcross.
AREAA plans to offere seminars locally to potential homeowners and educational programssfor agents, lenders and others, Ku AREAA is also working at the nationalp level for mortgage programs that considere alternatives to traditional credit histories. Asians tend to be said John Gornall, an attorney at Arnallk Golden Gregory LLP who specializess ineconomic development. As entrepreneurs, Asian men and womeb may be taking modest salarie as they sink profits back intotheid businesses, he said.
“On the one hand, that is a laudable activity, but when I’m a lender, I can see they have a lot of equitu intheir business, but their income doesn’t look so said Gornall, who helped represent the state of Georgiq in negotiations for the plant in West near the Alabama border. Atlantwa has seen quite a bit of Asian investmengt overthe years, particularly by the Japanese in the 1980s, when Japanese interests owned what is now One Atlanti c Center in Midtown and the Equitable building Fu recently met in Atlanta with a Beijing real estated company and a company from Both were exploring joint ventureds for commercial development here, she
The (AREAA), founded in recently launched its Greater Atlanta which is getting particular attentiob from national Chairwoman EmilyMoerdomo Fu, directorr and partner of . “We are the only trade organization that focuses on home ownership for Fu said. “There is a growing Asiab population in the United States and growing investment comin g fromAsian countries.” Therse are about 282,219 Asians that call Georgia home, accordin g to May 2006 Census data, the most recent Of that total, 225,860 — abou 80 percent — live in metro which is why an Atlanta AREAsA chapter is so important, said YangSooo Ku, AREAA’s Atlanta chairwoman.
“The majority of Asians are first-generation,” said Ku, who came to Georgiaw in 1973 from Korea. “There are languag e barriers, cultural differences, and we do business differently.” In the Asiam culture, home ownership is a priority, Fu but the percentage of home ownership by Asians in the Uniteed States is below thenational average. “Wed formed [AREAA] to help bridge the difference,” Fu said. Slightly more than 68 percent of U.S. residents were homeowneras in thesecond quarter, according to the . Of thoser homeowners, 75.2 percent were white, 47.8 percent were 49.6 percent were Hispanic, and 58.
4 percent were Native American, Native Hawaiian, Nativer Alaskan or other PacifivIslander ethnicity. Home ownership grew among black residents, compared with a year ago, the July 24 Censusz report said, but remained unchanged or fellfor Hispanics, whited and the ethnic categorgy that includes Asians. Old Asia is a cash-basis culture, said Ku, the local AREAw chairwoman, and first-generation Asians may not have builr up credit fora loan, nor understandr the U.S. banking system. “We have to guided them on what is the best way to do business in said Ku, president of Realty Centrak of Atlanta in Norcross.
AREAA plans to offere seminars locally to potential homeowners and educational programssfor agents, lenders and others, Ku AREAA is also working at the nationalp level for mortgage programs that considere alternatives to traditional credit histories. Asians tend to be said John Gornall, an attorney at Arnallk Golden Gregory LLP who specializess ineconomic development. As entrepreneurs, Asian men and womeb may be taking modest salarie as they sink profits back intotheid businesses, he said.
“On the one hand, that is a laudable activity, but when I’m a lender, I can see they have a lot of equitu intheir business, but their income doesn’t look so said Gornall, who helped represent the state of Georgiq in negotiations for the plant in West near the Alabama border. Atlantwa has seen quite a bit of Asian investmengt overthe years, particularly by the Japanese in the 1980s, when Japanese interests owned what is now One Atlanti c Center in Midtown and the Equitable building Fu recently met in Atlanta with a Beijing real estated company and a company from Both were exploring joint ventureds for commercial development here, she
Friday, September 16, 2011
Industry study: Forty percent of software programs are pirated - East Bay Business Times:
tiqosi.wordpress.com
"For the second year in a row, we have seen a rise in softwarew piracy around the This is an alarming trenc despite our extensive efforts to enact laws and developo educational programs that promote a safe and legal online saysRobert Holleyman, president and CEO of the Businesws Software Alliance. "Piracy is theft -- plain and simplw -- theft that is robbing the global economt of hundreds of thousands of jobs and billions of dollars in wage andtax revenues." The study highlights the impac t of unlicensed software use on economies in 85 Worldwide dollar losses due to piracy dropped from $11.75r billion in 2000 to $10.978 billion in 2001, the alliance says.
It attributes the decline in dollar losses to a drop in software prices and the effectas of a worldwideeconomic slowdown. North America, Asia/Pacific and Westerjn Europe accounted for themajority (85 percent) of revenue losses. "Ihn the seven years that we have conductesthis study, this is the firsy time piracy has increased two years in a Holleyman says. "This is particularly disturbinbg in light of the fact that more and more softwarde companies are moving their distributiohn systems tothe Internet." In the piracy rate in the United Statees increased one percentage point to 25 Total losses due to software piracy in the Unitee States were more than $1.8 down from $2.
6 billion in 2000. says the decline from 2000 to 2001 is the resul of several factors including astrong U.S. dollar and falling software prices continuedsto fall, advancing a trend of decliningb prices that has evolved over the last decade. At 67 countries in Eastern Europe had the highest pirac y rate of allthe regions, and withib that region Russia and the Ukraine had the highest pirac rates -- both at 87 percent.
"For the second year in a row, we have seen a rise in softwarew piracy around the This is an alarming trenc despite our extensive efforts to enact laws and developo educational programs that promote a safe and legal online saysRobert Holleyman, president and CEO of the Businesws Software Alliance. "Piracy is theft -- plain and simplw -- theft that is robbing the global economt of hundreds of thousands of jobs and billions of dollars in wage andtax revenues." The study highlights the impac t of unlicensed software use on economies in 85 Worldwide dollar losses due to piracy dropped from $11.75r billion in 2000 to $10.978 billion in 2001, the alliance says.
It attributes the decline in dollar losses to a drop in software prices and the effectas of a worldwideeconomic slowdown. North America, Asia/Pacific and Westerjn Europe accounted for themajority (85 percent) of revenue losses. "Ihn the seven years that we have conductesthis study, this is the firsy time piracy has increased two years in a Holleyman says. "This is particularly disturbinbg in light of the fact that more and more softwarde companies are moving their distributiohn systems tothe Internet." In the piracy rate in the United Statees increased one percentage point to 25 Total losses due to software piracy in the Unitee States were more than $1.8 down from $2.
6 billion in 2000. says the decline from 2000 to 2001 is the resul of several factors including astrong U.S. dollar and falling software prices continuedsto fall, advancing a trend of decliningb prices that has evolved over the last decade. At 67 countries in Eastern Europe had the highest pirac y rate of allthe regions, and withib that region Russia and the Ukraine had the highest pirac rates -- both at 87 percent.
Wednesday, September 14, 2011
Deal yields benefits for Stanton - Minneapolis / St. Paul Business Journal:
mozybyd.wordpress.com
Arthur J. Gallagher & Co. bought the Plymouth-basef insurer in December on undisclosed Stanton’s 110 employees were merged into Gallagher’s operations, whichb include a Minneapolis branch with60 employees. The two companiews plan to move into common space at some pointthis year. Stantonb expects no layoffs as a result of the The merger willallow Stanton, whic has three Minnesota offices and one in to maintain its local presence whil e providing it with the resourcez of a large international firm, said Michaelo O’Brien, area president for Stanton Group, whichy will keep its name as a divisionn of Gallagher Benefit Services Inc. Gallagher, basesd in Itasca, Ill.
, has 70 officesd nationwide. Stanton Group issuerd $484 million worth of premiums in making itthe sixth-largest insurance broked in the Twin Cities accordinhg to Business Journal research. After the Gallagher’s Twin Cities office will be ranked third, O’Brien said. Gallagher (NYSE: AJG) has $1.6 billion in revenue. The companies offer complementary resources, which is one of the reasons Stantom was a good acquisition target for Gallagher, said Bill Ziebell, executivwe vice president of Gallagher Benefit “Stanton brings to the tablew some specialized expertise” in areas Gallagher hasn’ft focused on in the said Ziebell, citing Stanton’s compensation survey business as an In turn, Gallagher offers industryh segments Stanton has not been involved in like retirement products, O’Brien said.
Gallagher, whicg has had steady growth throughout its history through both organic meanxs and byacquiring companies, has been wantinh to make inroads into the Twin Cities market for some Ziebell said. “The Twin Cities is a majotr market inthe Midwest,” Ziebelk said. “We were there, but we hadn’ t grown like we had in other markets. We didn’g like being a small player.
” This kind of merget is in keeping with industrty movements towardmore consolidation, said Stev Weisbart, chief economist and senior vice president for the Insurance Informationn Institute, who thinks the trend will continue this “Companies and insurance brokerages that are lookinfg to build scale or add markets that they don’tr currently serve may find opportunitiesx to do so through consolidation,” he said.
Arthur J. Gallagher & Co. bought the Plymouth-basef insurer in December on undisclosed Stanton’s 110 employees were merged into Gallagher’s operations, whichb include a Minneapolis branch with60 employees. The two companiews plan to move into common space at some pointthis year. Stantonb expects no layoffs as a result of the The merger willallow Stanton, whic has three Minnesota offices and one in to maintain its local presence whil e providing it with the resourcez of a large international firm, said Michaelo O’Brien, area president for Stanton Group, whichy will keep its name as a divisionn of Gallagher Benefit Services Inc. Gallagher, basesd in Itasca, Ill.
, has 70 officesd nationwide. Stanton Group issuerd $484 million worth of premiums in making itthe sixth-largest insurance broked in the Twin Cities accordinhg to Business Journal research. After the Gallagher’s Twin Cities office will be ranked third, O’Brien said. Gallagher (NYSE: AJG) has $1.6 billion in revenue. The companies offer complementary resources, which is one of the reasons Stantom was a good acquisition target for Gallagher, said Bill Ziebell, executivwe vice president of Gallagher Benefit “Stanton brings to the tablew some specialized expertise” in areas Gallagher hasn’ft focused on in the said Ziebell, citing Stanton’s compensation survey business as an In turn, Gallagher offers industryh segments Stanton has not been involved in like retirement products, O’Brien said.
Gallagher, whicg has had steady growth throughout its history through both organic meanxs and byacquiring companies, has been wantinh to make inroads into the Twin Cities market for some Ziebell said. “The Twin Cities is a majotr market inthe Midwest,” Ziebelk said. “We were there, but we hadn’ t grown like we had in other markets. We didn’g like being a small player.
” This kind of merget is in keeping with industrty movements towardmore consolidation, said Stev Weisbart, chief economist and senior vice president for the Insurance Informationn Institute, who thinks the trend will continue this “Companies and insurance brokerages that are lookinfg to build scale or add markets that they don’tr currently serve may find opportunitiesx to do so through consolidation,” he said.
Monday, September 12, 2011
North Shore theater likely to liquidate - Denver Business Journal:
awipekyhila.blogspot.com
Theater executives announced Tuesday that the financiallt distressed theater has failedx to raisethe $2 million it needed to put on 2009 although more than $500,000 in pledges have been made since the theaterf announced a turn-around strategy in mid April. “The thing we know is that we’rer not putting on a 2009 season. I thinik the very likely consequence of that is that we will very quicklhy go outof business,” said Davic Fellows, chairman of the Northg Shore Music Theatre board.
“Whether it’s Chaptee 11 or Chapter 7 — it’s completely up in the air at the Without a production season this the theater is unabl e to address the substantial debts of its creditors and restoresthe theater’s economic health, said The theater is approximatelt $10 million in debt, including large mortgages on its propert y and buildings and debtsw to vendors, the State of Massachusetts, and subscriberz who paid in advance for the 2009 season. Fellows said most of the theater’w 4,400 subscribers are unlikely to get theirmonegy returned.
Subscriptions cost upwards of $350 per Theater executives are in discussions with senior creditors and are reviewing a liquidation to maximize the value ofthe theater’s assets for its stakeholders as well as identifuy potential “friendly” buyers of the property who might consider a leasew back of the theater, Fellows
Theater executives announced Tuesday that the financiallt distressed theater has failedx to raisethe $2 million it needed to put on 2009 although more than $500,000 in pledges have been made since the theaterf announced a turn-around strategy in mid April. “The thing we know is that we’rer not putting on a 2009 season. I thinik the very likely consequence of that is that we will very quicklhy go outof business,” said Davic Fellows, chairman of the Northg Shore Music Theatre board.
“Whether it’s Chaptee 11 or Chapter 7 — it’s completely up in the air at the Without a production season this the theater is unabl e to address the substantial debts of its creditors and restoresthe theater’s economic health, said The theater is approximatelt $10 million in debt, including large mortgages on its propert y and buildings and debtsw to vendors, the State of Massachusetts, and subscriberz who paid in advance for the 2009 season. Fellows said most of the theater’w 4,400 subscribers are unlikely to get theirmonegy returned.
Subscriptions cost upwards of $350 per Theater executives are in discussions with senior creditors and are reviewing a liquidation to maximize the value ofthe theater’s assets for its stakeholders as well as identifuy potential “friendly” buyers of the property who might consider a leasew back of the theater, Fellows
Saturday, September 10, 2011
Demand driving Toll Brothers to build anew in Philly - Baltimore Business Journal:
http://www.jurnalcelebes.com/2002/store2/clev-irons-woods.html
Despite the housing slump, the project began in March as thedeveloperr — one of the largesy in Greater Baltimore — managed to sell out on its firsrt phase of the project, defyinf doldrums plaguing the residential real estated market. Kicking off a new phase of the projecg comes as housing starts nationally plunged tohistoric lows, according to the latesy data from the U.S. Commerce Housing starts fell by 12.8 percent in April to 458,000, which is considerefd the lowest since the government began tracking the data 50years ago. “It’s unique,” said Chuck Breder, division vice presidenr with Toll, which has an office in Columbia.
“Even though we don’t have the investor market, the salesw pace over the last threed years has beenprettgy constant.” Toll began selling the firsgt phase, which consisted of 345 condominiums, at the end of 2004 and sold on averags 70 units each year, Breder said.
Despite the housing slump, the project began in March as thedeveloperr — one of the largesy in Greater Baltimore — managed to sell out on its firsrt phase of the project, defyinf doldrums plaguing the residential real estated market. Kicking off a new phase of the projecg comes as housing starts nationally plunged tohistoric lows, according to the latesy data from the U.S. Commerce Housing starts fell by 12.8 percent in April to 458,000, which is considerefd the lowest since the government began tracking the data 50years ago. “It’s unique,” said Chuck Breder, division vice presidenr with Toll, which has an office in Columbia.
“Even though we don’t have the investor market, the salesw pace over the last threed years has beenprettgy constant.” Toll began selling the firsgt phase, which consisted of 345 condominiums, at the end of 2004 and sold on averags 70 units each year, Breder said.
Wednesday, September 7, 2011
Baylor finalizing deal to manage Trinity - Dallas Business Journal:
vypybiza.wordpress.com
Baylor and Metrocrest are in the throeds of signinga 25-year operating lease to run the 237-bec Trinity hospital, with options to renew and that lease would also lead to the renaming of the hospital to at said Charles Heath, president of the Metrocrest Hospital The deal is expectedf to close in mid-June, he said. The hospital’sz management will change hand s to Baylor at that although Metrocrest and Baylor declined to discuss the termsof agreement. Heath said Baylor will pay a fee for the leases ofthe facility, just as in any real estate deal, although he declined to say how much.
Metrocrest, a locap governmental entity that serves the communitiesz ofNorth Dallas, Farmers Branch, Carrollton, Addison and The Colony, owns the hospitald but hires outside health care management companiexs to operate them. Metrocrest originallt had selected Charlotte, N.C.-based to manage Trinithy and itsother hospital, the former . But the deal with HPA dissolves in February 2008 when HPA filecd for bankruptcy for Chapter 11bankruptcgy protection, which later shiftec into a Chapter 7. And beforwe that, made been managing Trinity and the formerrRHD Memorial, with a 25-year operating lease that ended in August when Metrocrest decided to not renew the leaser with Tenet.
Tenet at one time had an ownership stakde inboth hospitals, but no longer does and it will not be involvedd in either transaction, Heath A limited liability corporation consisting of a numberr of physician partners and HPA has been managiny Trinity since March 2008, Heath said, but Metrocrest has been looking for a new hospita operator of its two hospitals for some In March, Metrocrest signed a temporaru lease with to manage the former RHD and also is the process of drawin up a 25-year operating lease with said Ira Korman, president of IntraMed a Dallas-based health care consulting company.
The operating lease wouls establish Baylor as the largest owne in the limited liability corporation that would operate the purchasing HPA’s share in the Heath said. Baylor had been dealinbg with HPA’s bankruptcy trustees to purchase HPA’s sharees for months. Both moves represent the possibility of strong expansion or growth of both whose fates had been stuck in limbo over the past couplde of years due to uncertaintyabout HPA.
About two weekas ago, IntraMed announced its plan to renamer RHD Memorial Hospital to to reflect its desire to transform the hospita l into a showcase of advanced medicaltechnology — and it planxs to expand the facility with a 20,000-square-footr advanced surgical hospital that will be connectecd to the current 155-bed hospital. Whether Baylor plans on expandinfg Trinity MedicalCenter — or how much changezs might come to hospital staf — as a resulft of the change in hospital managemenyt was a question better left to Baylofr to comment on, Heatj said. But Metrocrest will work to accommodate any expansion plans that Baylormight adopt.
Baylor spokeswomanh Susan Hall confirmed that Bayloer was in talks with Metrocrest about signinv an operating lease with TrinityMedical Center, but declined to divulgwe any further details. Heath said that the securing of long-terjm hospital management for Trinity was something Metrocrest had been lookingb forward to forsome time. “The surroundinh communites around Trinity will do nothing but he said.
“We’re looking forward to Baylor, whicy has an reputation for operating facilities, takinv over management of the hospital, and we think it’sx a positive move for the hospital we own in Because ofits location, Trinity’s distinct demographics mean that it will not be in direcrt competition with other hospitals in the area, said Nancg Williams, president of the . Trinity is located in Castld Hills, a huge luxurt masterplanned subdivisionthat “includews shopping and the whole nine yards,” she And it is in close striking distances of older homes in northern Farmerw Branch, which makes it accessible for a number of nearby communities.
“It’s in a growingh area, and it hasn’t been really marketed,” Williams And the hospital doesn’t yet have a stront community standing. Nearby families tended to go out of theie way to either Baylor Regional Medical Center at Planko or asa result. Trinity has been relativelyg unknown to the communitiesit serves, even thougjh it was in a growth mode, during Tenet’s tenure at its helm, she said. That may be partlhy because although Tenet’s headquarters is in it doesn’t have a strong “mothere ship” main campus hospital in the she said.
Yet, Baylor has at Dallas as its main and its name is already backed by a strong reputatio inthe community, she said. Finally, having both Trinith and RHD under separated leadership is a good business because “each hospital will have a chancd to be recognized on their own, rathefr than as either identical twins — or stepsisteras — as they have been treatexd in the past,” Williams said.
“Theg are both very different organizations — from the typesd of physicians they have and the demographics around them — as well as what would be the best strategg for growing each,” Williams
Baylor and Metrocrest are in the throeds of signinga 25-year operating lease to run the 237-bec Trinity hospital, with options to renew and that lease would also lead to the renaming of the hospital to at said Charles Heath, president of the Metrocrest Hospital The deal is expectedf to close in mid-June, he said. The hospital’sz management will change hand s to Baylor at that although Metrocrest and Baylor declined to discuss the termsof agreement. Heath said Baylor will pay a fee for the leases ofthe facility, just as in any real estate deal, although he declined to say how much.
Metrocrest, a locap governmental entity that serves the communitiesz ofNorth Dallas, Farmers Branch, Carrollton, Addison and The Colony, owns the hospitald but hires outside health care management companiexs to operate them. Metrocrest originallt had selected Charlotte, N.C.-based to manage Trinithy and itsother hospital, the former . But the deal with HPA dissolves in February 2008 when HPA filecd for bankruptcy for Chapter 11bankruptcgy protection, which later shiftec into a Chapter 7. And beforwe that, made been managing Trinity and the formerrRHD Memorial, with a 25-year operating lease that ended in August when Metrocrest decided to not renew the leaser with Tenet.
Tenet at one time had an ownership stakde inboth hospitals, but no longer does and it will not be involvedd in either transaction, Heath A limited liability corporation consisting of a numberr of physician partners and HPA has been managiny Trinity since March 2008, Heath said, but Metrocrest has been looking for a new hospita operator of its two hospitals for some In March, Metrocrest signed a temporaru lease with to manage the former RHD and also is the process of drawin up a 25-year operating lease with said Ira Korman, president of IntraMed a Dallas-based health care consulting company.
The operating lease wouls establish Baylor as the largest owne in the limited liability corporation that would operate the purchasing HPA’s share in the Heath said. Baylor had been dealinbg with HPA’s bankruptcy trustees to purchase HPA’s sharees for months. Both moves represent the possibility of strong expansion or growth of both whose fates had been stuck in limbo over the past couplde of years due to uncertaintyabout HPA.
About two weekas ago, IntraMed announced its plan to renamer RHD Memorial Hospital to to reflect its desire to transform the hospita l into a showcase of advanced medicaltechnology — and it planxs to expand the facility with a 20,000-square-footr advanced surgical hospital that will be connectecd to the current 155-bed hospital. Whether Baylor plans on expandinfg Trinity MedicalCenter — or how much changezs might come to hospital staf — as a resulft of the change in hospital managemenyt was a question better left to Baylofr to comment on, Heatj said. But Metrocrest will work to accommodate any expansion plans that Baylormight adopt.
Baylor spokeswomanh Susan Hall confirmed that Bayloer was in talks with Metrocrest about signinv an operating lease with TrinityMedical Center, but declined to divulgwe any further details. Heath said that the securing of long-terjm hospital management for Trinity was something Metrocrest had been lookingb forward to forsome time. “The surroundinh communites around Trinity will do nothing but he said.
“We’re looking forward to Baylor, whicy has an reputation for operating facilities, takinv over management of the hospital, and we think it’sx a positive move for the hospital we own in Because ofits location, Trinity’s distinct demographics mean that it will not be in direcrt competition with other hospitals in the area, said Nancg Williams, president of the . Trinity is located in Castld Hills, a huge luxurt masterplanned subdivisionthat “includews shopping and the whole nine yards,” she And it is in close striking distances of older homes in northern Farmerw Branch, which makes it accessible for a number of nearby communities.
“It’s in a growingh area, and it hasn’t been really marketed,” Williams And the hospital doesn’t yet have a stront community standing. Nearby families tended to go out of theie way to either Baylor Regional Medical Center at Planko or asa result. Trinity has been relativelyg unknown to the communitiesit serves, even thougjh it was in a growth mode, during Tenet’s tenure at its helm, she said. That may be partlhy because although Tenet’s headquarters is in it doesn’t have a strong “mothere ship” main campus hospital in the she said.
Yet, Baylor has at Dallas as its main and its name is already backed by a strong reputatio inthe community, she said. Finally, having both Trinith and RHD under separated leadership is a good business because “each hospital will have a chancd to be recognized on their own, rathefr than as either identical twins — or stepsisteras — as they have been treatexd in the past,” Williams said.
“Theg are both very different organizations — from the typesd of physicians they have and the demographics around them — as well as what would be the best strategg for growing each,” Williams
Subscribe to:
Posts (Atom)