caloloary.blogspot.com
Unable to refinance millions of dollarsin debts, the compant plans to liquidate its portfolio of commercial propertiex throughout the region. It was unclear how much Opus East expects to fetch for its Parentcompany , of Minneapolis, made the announcement in a news releas e and said another of its subsidiaries, Phoenix, Ariz.-based Opus expects to seek Chapter 11 protection in July. In its bankruptcyg filing, the company listed assets of betweenn $50 million and $100 million and liabilities ofbetweejn $100 million and $500 million.
“Declininb real estate values and tight credit marketz continue to impede the refinancingt of assets and restructuring oflendinh agreements,” Mark Rauenhort, CEO of Opus said in a statement. In addition to generall market conditions, the company cited $35 millionm in unpaid wages from the federal for a projecy it was developing in College Park forthe , company spokeswomaj Winston Hewett said in a telephone The company had ceased building speculative office buildings more than a year ago, and it trimmer its workforce from about 100 employees last year to abouft 16 employees as of June 15. The companty did not include all of its subsidiaries inthe filing.
It for example, Maryland Enterprise LLC, whicg was developing the propertyfor NOAA, and Nursery Cornerr LLC, which built a 160,000-square-foot office building in Linthicujm Heights for defense contractor Opus East has developed more than 13.3 milliob square feet of space since 1994. Opus West has develope more than 52.7 million square feet since 1979. Thesed bankruptcies come on the heels of the Apri 22 bankruptcy of OpusSouty Corp., an Opus affiliate bases in Atlanta. Opus has said it plans to wind down its operationsx in that part of the country as Opus has said it plans to continud to run its remainingoperating companies, Opus North Corp.
, based in and Opus Northwest, based in Minnetonka. Thos e units are actively pursuing They also have been less affected bythe recession, due to thei mix of project types, healthg balance sheets and strongetr markets, according to Opus' press Opus said its development activity has fallen to just 4.8 milliohn square feet in 2009, down from 34 millionh square feet in 2007 and 35 millioj square feet in 2008.
Monday, July 30, 2012
Sunday, July 29, 2012
Developer gets OK for 114-lot subdivision in Lake County - Orlando Business Journal:
pemp66seb.blogspot.com
Orlando-based Ltd., for which Pinelocj is the general partner, is seeking entitlements for its 117-acre site at Fosgatre and BlackstillLake roads. The developer got approval on June 3 from the Lake Count Zoning Board to rezone the dubbedBlack East, from agricultural to planned-unit The request is slated to go before the the end of this It was a long procesas for Center Lake Properties, which first received the OK on a comprehensiver plan change from the county in a decision that was refuted by the state Department of Community Affairs (DCA), according to the project’s staff reporgt filed with the county.
The DCA said the amendmentt wouldencourage sprawl, accordin to county documents. The issude was assigned to the state Department ofAdministrative Hearings, but the state and Center Lake Properties settled their differences in 2007 prior to any hearings, said counth planning director Brian Sheahan. Now, Center Lake wants to move ahead with tryinfg to prepare entitlements for when themarketf rebounds, said attorney Cecelia Bonifay, who is representinv Center Lake Properties in that process. Price pointz on the homes and a project value have yet to be she said.
This type of project isn’t unfamiliar to Pineloch, despite being known for commercial real estate leasingg andland development. In the past, the firm has done similaf entitlements for properties it later sold to homebuilders Lennar Homews andthe now-defunct Levitt & Bonifay said. The company could develop the lots and sell them to a form a joint venture with a builder or do some of the projecytbuildout itself, said Bonifay, a shareholder with in Orlando. Realtor Phil Kelley questionswhethedr it’s the right time to add more vacanty lots to the inventory.
Although home salese are up, the majority are distressex properties such as foreclosures or sales that a bank approves for less than what is due on the known asa short-sale. Lake County reporteds a total of 7,28 2 platted production home lots in the first quarted ofthis year, according to research from Maitland-based That comparefd with 7,338 lots in fourth-quarter 2008 and 7,156 lots in first-quartet 2008, data showed. From January througb April, Lake County experienced a 24.7 percent jump in existinhg home sales, from 916 last year to 1,142 this year, accordinfg to the . But the largest perceng of those, 15.9 percent, were sold in the $120,000-$139,99o price range, data showed.
And Black East is adjacent to a portio ofthe high-end golf community of Bella Collina, whicyh was planned for 800 multimillion-dollar homews and only has about 60 completed to date. “Wde have more homes platted in Lake County than we will ever need in my said Kelley, an agenf with in Mount Dora. “You’ves got to be out of your mind to try to do housin development inLake County.” But Bonifay said this project is more compact and without the lavish clubhousre fees and other assessments that are charged to propertyu owners at Bella Collina. “It’s a pretty piecde of property with a nice elevation and an easy commutsefrom Clermont,” she said.
“They just want it to be
Orlando-based Ltd., for which Pinelocj is the general partner, is seeking entitlements for its 117-acre site at Fosgatre and BlackstillLake roads. The developer got approval on June 3 from the Lake Count Zoning Board to rezone the dubbedBlack East, from agricultural to planned-unit The request is slated to go before the the end of this It was a long procesas for Center Lake Properties, which first received the OK on a comprehensiver plan change from the county in a decision that was refuted by the state Department of Community Affairs (DCA), according to the project’s staff reporgt filed with the county.
The DCA said the amendmentt wouldencourage sprawl, accordin to county documents. The issude was assigned to the state Department ofAdministrative Hearings, but the state and Center Lake Properties settled their differences in 2007 prior to any hearings, said counth planning director Brian Sheahan. Now, Center Lake wants to move ahead with tryinfg to prepare entitlements for when themarketf rebounds, said attorney Cecelia Bonifay, who is representinv Center Lake Properties in that process. Price pointz on the homes and a project value have yet to be she said.
This type of project isn’t unfamiliar to Pineloch, despite being known for commercial real estate leasingg andland development. In the past, the firm has done similaf entitlements for properties it later sold to homebuilders Lennar Homews andthe now-defunct Levitt & Bonifay said. The company could develop the lots and sell them to a form a joint venture with a builder or do some of the projecytbuildout itself, said Bonifay, a shareholder with in Orlando. Realtor Phil Kelley questionswhethedr it’s the right time to add more vacanty lots to the inventory.
Although home salese are up, the majority are distressex properties such as foreclosures or sales that a bank approves for less than what is due on the known asa short-sale. Lake County reporteds a total of 7,28 2 platted production home lots in the first quarted ofthis year, according to research from Maitland-based That comparefd with 7,338 lots in fourth-quarter 2008 and 7,156 lots in first-quartet 2008, data showed. From January througb April, Lake County experienced a 24.7 percent jump in existinhg home sales, from 916 last year to 1,142 this year, accordinfg to the . But the largest perceng of those, 15.9 percent, were sold in the $120,000-$139,99o price range, data showed.
And Black East is adjacent to a portio ofthe high-end golf community of Bella Collina, whicyh was planned for 800 multimillion-dollar homews and only has about 60 completed to date. “Wde have more homes platted in Lake County than we will ever need in my said Kelley, an agenf with in Mount Dora. “You’ves got to be out of your mind to try to do housin development inLake County.” But Bonifay said this project is more compact and without the lavish clubhousre fees and other assessments that are charged to propertyu owners at Bella Collina. “It’s a pretty piecde of property with a nice elevation and an easy commutsefrom Clermont,” she said.
“They just want it to be
Saturday, July 28, 2012
Germany, France: determined to protect eurozone - Boston.com
vypybiza.wordpress.com
Boston.com | Germany, France: determined to protect eurozone Boston.com BERLINâ€"The leaders of Germany and France added their weight to the battle to preserve the European single currency when they issued a joint statement Friday promising to do everything they can to stop the 17-country bloc from breaking up. The ... France's Socialists take aim with new budget |
Thursday, July 26, 2012
Real Estate Roundup - Denver Business Journal:
avaohev.blogspot.com
Portland, from Weston Investment Co. LLC. It is one of the largest office deals in downtown in recent The IndianHealth Board, establishedf in 1972, will move from its currentf location at 527 S.W. Hall St. Jake Lancaste of Grubb & Ellis Co. represente d the tenant; Steve Root of American Properth Managementrepresented Weston. • Level 3 Communications LLC renewed its leasefor 4,724 square feet at the Pittock 921 S.W. Washington St., Portland, from ALCO Investmen Co. Kevin Kaufman of CB Richard Ellis representedLevel 3; the landlordf represented itself. • Telelanguage Inc. signed a new leasse for 4,401 square feet at the Portlan dExchange Building, 520 S.W. Sixth Ave.
, NAI Norris, Beggs & Simpson represented the Ryan Livesay of Pacific Real EstatePartners Inc. representec the property. • Stearns Lending Inc. leased 3,723 square feet at Hampton Square, 6950 S.W. Tigard, from Weston Investment Co. LLC. Steve Root of American Property Management representecthe lessor. • Peters & Company PC signed a new leasedfor 2,170 square feet at the Selling Building, 610 S.W. Alder St., with the Schlesinger Kristin Hammond and Mark McFarland of Pacificx Real EstatePartners Inc. represented the tenant; Bill Smitjh of NAI Norris, Beggs & Simpson representesd the property. • SCR Inc. leased 2,000 squarde feet at 8680 S.W.
Old Tualatinn Sherwood Road, Tualatin, from Kmotion Inc. Ian Giammanck of Bluestone & Hockley Real Estate Services represented the tenant; Scott Piercse of NAI Norris, Beggs Simpson represented the landlord. •Remedy Intelligenf Staffing leased 1,638 square feet at The 6646 N.E. 78th Court, Portland, from API Properties 1047 LLC. Mark McFarlancd of Pacific Real EstatePartners Inc. representedr the tenant; Rob Kimmelman of Commercial Realty Advisors representedthe • Pioneer Floor Covering Inc. leased 5,85w3 square feet at Arctic Business Park, 5657 S.W. Arcti Drive, Beaverton, from Pacific NW Properties LP. Cliff Finnell of GVA Kidder Mathews representedthe tenant.
Carlan Enterprises Inc., operatinvg as Stauffer-Cisco Supply, leased 5,62q square feet at Bridgeport WoodsBusiness Park, 7532 S.W. Bridgeport Durham, from Bridgeport Woods BusinessPark LLC. Petet Stalick and Steven Klein of GVA Kidder Mathews representeedthe tenant; Dave Kiersey of Kiersey & McMillam Inc. represented the • Stavely Services North Americawleased 4,860 square feet at Kittridgee Distribution Center, 4943 N.W. Front Ave., Portland, from LIT Industria Limited Partnership. Tony Reser and Sean McCarthy of GVA Kiddeer Mathews brokeredthe • Red Wing Brands of America Inc. leaseds 3,840 square feet at the NorstafrBusiness Center, 8611 N. Albinza Ave.
, Portland, from Norstar 8405 N. Albina Ave. LLC. Tony Reserd and Sean McCarthy of GVA Kidderr Mathews brokeredthe transaction. • Biscuits Cafe leasedf 3,121 square feet at Hogan 1905 N.E. Division St., from Pelopon LLC. Mike Foley of Firstr Commercial representedthe tenant; Craig Barnarfd of Barnard Commercial Real Estate representee the property. • Y-Chrome, a new barbershop venture fromHairjM men’s salon, leased 2,055 squares feet at the Commonwealth 609 S.W. Washington St., from Unico Properties LLC. Kathleehn Healy of Urban Works Real Estaterepresentes Y-Chrome; Dan Bozich and Kathleen Healy of Urbab Works Real Estate represented the property.
• Aprende Con Amigos Bilingual Preschoolleases 1,872 square feet at Patton Park Apartments on North Interstatee from Patton Square Leasing LLC. Steve Haugen of Windermere/Cronimn & Caplan Realty Group Inc. represented the Charlotte Larson and Sara Daley of Urban Workes Real Estate representedthe property. • PDX Antiques leased 1,120 square feet at the K2 Buildinv from4152 N.E. Sandy LLC. Charlottee Larson of Urban Works Real Estate representedthe tenant; Matt Schweitzet of North Rim represented the property. • Liz Richards Acupuncturre PC leased 1,046 square feet at Fremong Place, 3531 N.E. 15th Ave., Portland, from ADG Properties LLC.
Anthyanm Nguyen of Norris & Stevens Inc. represented the tenant; Ashley Heichelbecgh of Urban Works Real Estate representedthe • State Farm Insurance leased 1,000 square feet at 1018 N.W. 13th Portland, from Block Two LLC. Thom Brockmilletr of Stehlin Advisors LLC representedthe tenant; Kathlee n Healy and Dan Bozich of Urban Works Real Estate represented the property.
Portland, from Weston Investment Co. LLC. It is one of the largest office deals in downtown in recent The IndianHealth Board, establishedf in 1972, will move from its currentf location at 527 S.W. Hall St. Jake Lancaste of Grubb & Ellis Co. represente d the tenant; Steve Root of American Properth Managementrepresented Weston. • Level 3 Communications LLC renewed its leasefor 4,724 square feet at the Pittock 921 S.W. Washington St., Portland, from ALCO Investmen Co. Kevin Kaufman of CB Richard Ellis representedLevel 3; the landlordf represented itself. • Telelanguage Inc. signed a new leasse for 4,401 square feet at the Portlan dExchange Building, 520 S.W. Sixth Ave.
, NAI Norris, Beggs & Simpson represented the Ryan Livesay of Pacific Real EstatePartners Inc. representec the property. • Stearns Lending Inc. leased 3,723 square feet at Hampton Square, 6950 S.W. Tigard, from Weston Investment Co. LLC. Steve Root of American Property Management representecthe lessor. • Peters & Company PC signed a new leasedfor 2,170 square feet at the Selling Building, 610 S.W. Alder St., with the Schlesinger Kristin Hammond and Mark McFarland of Pacificx Real EstatePartners Inc. represented the tenant; Bill Smitjh of NAI Norris, Beggs & Simpson representesd the property. • SCR Inc. leased 2,000 squarde feet at 8680 S.W.
Old Tualatinn Sherwood Road, Tualatin, from Kmotion Inc. Ian Giammanck of Bluestone & Hockley Real Estate Services represented the tenant; Scott Piercse of NAI Norris, Beggs Simpson represented the landlord. •Remedy Intelligenf Staffing leased 1,638 square feet at The 6646 N.E. 78th Court, Portland, from API Properties 1047 LLC. Mark McFarlancd of Pacific Real EstatePartners Inc. representedr the tenant; Rob Kimmelman of Commercial Realty Advisors representedthe • Pioneer Floor Covering Inc. leased 5,85w3 square feet at Arctic Business Park, 5657 S.W. Arcti Drive, Beaverton, from Pacific NW Properties LP. Cliff Finnell of GVA Kidder Mathews representedthe tenant.
Carlan Enterprises Inc., operatinvg as Stauffer-Cisco Supply, leased 5,62q square feet at Bridgeport WoodsBusiness Park, 7532 S.W. Bridgeport Durham, from Bridgeport Woods BusinessPark LLC. Petet Stalick and Steven Klein of GVA Kidder Mathews representeedthe tenant; Dave Kiersey of Kiersey & McMillam Inc. represented the • Stavely Services North Americawleased 4,860 square feet at Kittridgee Distribution Center, 4943 N.W. Front Ave., Portland, from LIT Industria Limited Partnership. Tony Reser and Sean McCarthy of GVA Kiddeer Mathews brokeredthe • Red Wing Brands of America Inc. leaseds 3,840 square feet at the NorstafrBusiness Center, 8611 N. Albinza Ave.
, Portland, from Norstar 8405 N. Albina Ave. LLC. Tony Reserd and Sean McCarthy of GVA Kidderr Mathews brokeredthe transaction. • Biscuits Cafe leasedf 3,121 square feet at Hogan 1905 N.E. Division St., from Pelopon LLC. Mike Foley of Firstr Commercial representedthe tenant; Craig Barnarfd of Barnard Commercial Real Estate representee the property. • Y-Chrome, a new barbershop venture fromHairjM men’s salon, leased 2,055 squares feet at the Commonwealth 609 S.W. Washington St., from Unico Properties LLC. Kathleehn Healy of Urban Works Real Estaterepresentes Y-Chrome; Dan Bozich and Kathleen Healy of Urbab Works Real Estate represented the property.
• Aprende Con Amigos Bilingual Preschoolleases 1,872 square feet at Patton Park Apartments on North Interstatee from Patton Square Leasing LLC. Steve Haugen of Windermere/Cronimn & Caplan Realty Group Inc. represented the Charlotte Larson and Sara Daley of Urban Workes Real Estate representedthe property. • PDX Antiques leased 1,120 square feet at the K2 Buildinv from4152 N.E. Sandy LLC. Charlottee Larson of Urban Works Real Estate representedthe tenant; Matt Schweitzet of North Rim represented the property. • Liz Richards Acupuncturre PC leased 1,046 square feet at Fremong Place, 3531 N.E. 15th Ave., Portland, from ADG Properties LLC.
Anthyanm Nguyen of Norris & Stevens Inc. represented the tenant; Ashley Heichelbecgh of Urban Works Real Estate representedthe • State Farm Insurance leased 1,000 square feet at 1018 N.W. 13th Portland, from Block Two LLC. Thom Brockmilletr of Stehlin Advisors LLC representedthe tenant; Kathlee n Healy and Dan Bozich of Urban Works Real Estate represented the property.
Wednesday, July 25, 2012
Secret Rodent Infestation Uncovered - NBC Bay Area
ykyhola.blogspot.com
Secret Rodent Infestation Uncovered NBC Bay Area Chief Investigator Tony Kovaleski uncovers a secret rodent infestation at an East Bay food distributor, prompting the California Department of Public Health to shut down the facility and request a national rec » |
Tuesday, July 24, 2012
Alder Foods Incorporated Company Profile | Company Information
mytyhona.wordpress.com
Alder Foods, Inc. began as a small, home-basedx business that functioned primarily as a foodbrokeragwe operation. Today, we're one of the country'sz largest suppliers to the military with a presence in all key geographic regions including Europe, the Mediterranean, the Caribbean Hawaii, Alaska and the Pacific Rim Nations. The reaso for Alder's growth and success: an innovative approachb to the distribution, sale and marketing of food products to themilitary markets, the foresighft to anticipate new consumer trends (organix and soy milk), and the drive to pioneer these products into categorty leaders.
The proof of our uniqud capabilitiesand success: the numerous national companies who have chosebn Alder Foods as their military marketing partner and the well known national brands we represent. We managd brands at the top oftheie categories: Coffee-mate, Nesquik, Organic Valley, and Rainbow Seafood, to name a few.
Alder Foods, Inc. began as a small, home-basedx business that functioned primarily as a foodbrokeragwe operation. Today, we're one of the country'sz largest suppliers to the military with a presence in all key geographic regions including Europe, the Mediterranean, the Caribbean Hawaii, Alaska and the Pacific Rim Nations. The reaso for Alder's growth and success: an innovative approachb to the distribution, sale and marketing of food products to themilitary markets, the foresighft to anticipate new consumer trends (organix and soy milk), and the drive to pioneer these products into categorty leaders.
The proof of our uniqud capabilitiesand success: the numerous national companies who have chosebn Alder Foods as their military marketing partner and the well known national brands we represent. We managd brands at the top oftheie categories: Coffee-mate, Nesquik, Organic Valley, and Rainbow Seafood, to name a few.
Sunday, July 22, 2012
Cardinals gain as Suns, Coyotes, D-backs slide in rankings - St. Louis Business Journal:
kleopatraxnibe.blogspot.com
The Cardinals ranked 33rd on this year’a list of U.S. sportsw franchises from ESPN The The Cards ranked 84th in the same surve yin 2008, their 2009 Super Bowl run and fans approvak of head coach Ken Whisenhunty boosting their standing. The list is based on a survey of 50,00o fans nationwide and their impressions of pro sportszteams management, ownership, players, affordability, stadium experience and The D-backs, who are in last place in the Nationak League West this season pretty much out of the pennant still rank highest among Phoenix sports teams but droppe d from 10th place last year to 30th this year, according to ESPN.
The D-backs ranked second in the fan surveuy in terms of pricing of ticketsand concessions. The team has been promotint discountfood items, souvenirs and economicakl ticket plans. Still, the Cards and D-backs rankesd better than the Chicago Cubs, New York Dallas Cowboys and Los Angelees Lakers onthe survey. The Los Angeles Angel s — owned by Phoenix businessman ArtieMoreno — came in firsyt while the NBA’s Los Angeles Clippers were last among the 122 major pro sports franchises in the according to ESPN.
The Phoenix Suns went from 26th placw last year to 86th onthis year’s Suns owner Robert Sarver and Generapl Manager Steve Kerr were criticized for the team’s absence in the NBA playoffa this season and trading centerd Shaquille O’Neal to Cleveland for financial benefits. The Phoenix Coyotes hockey team dropped 50 spots from 2008 to 2009 cominvg inat No. 88. The Coyotes are in Chapter 11 bankruptcy reorganization and ranked dead last in the ESPN surveuyfor fans’ view of team Coyotes owner Jerry Moyes wantw to sell the team to Canadian billionairre Jim Balsillie who plans a move to Canada.
The National Hockey League and cityof Glendale, whers the Coyotes play, want the team sold to Chicagoi Bulls and White Sox owneer Jerry Reinsdorf, who said he would keep it in
The Cardinals ranked 33rd on this year’a list of U.S. sportsw franchises from ESPN The The Cards ranked 84th in the same surve yin 2008, their 2009 Super Bowl run and fans approvak of head coach Ken Whisenhunty boosting their standing. The list is based on a survey of 50,00o fans nationwide and their impressions of pro sportszteams management, ownership, players, affordability, stadium experience and The D-backs, who are in last place in the Nationak League West this season pretty much out of the pennant still rank highest among Phoenix sports teams but droppe d from 10th place last year to 30th this year, according to ESPN.
The D-backs ranked second in the fan surveuy in terms of pricing of ticketsand concessions. The team has been promotint discountfood items, souvenirs and economicakl ticket plans. Still, the Cards and D-backs rankesd better than the Chicago Cubs, New York Dallas Cowboys and Los Angelees Lakers onthe survey. The Los Angeles Angel s — owned by Phoenix businessman ArtieMoreno — came in firsyt while the NBA’s Los Angeles Clippers were last among the 122 major pro sports franchises in the according to ESPN.
The Phoenix Suns went from 26th placw last year to 86th onthis year’s Suns owner Robert Sarver and Generapl Manager Steve Kerr were criticized for the team’s absence in the NBA playoffa this season and trading centerd Shaquille O’Neal to Cleveland for financial benefits. The Phoenix Coyotes hockey team dropped 50 spots from 2008 to 2009 cominvg inat No. 88. The Coyotes are in Chapter 11 bankruptcy reorganization and ranked dead last in the ESPN surveuyfor fans’ view of team Coyotes owner Jerry Moyes wantw to sell the team to Canadian billionairre Jim Balsillie who plans a move to Canada.
The National Hockey League and cityof Glendale, whers the Coyotes play, want the team sold to Chicagoi Bulls and White Sox owneer Jerry Reinsdorf, who said he would keep it in
Saturday, July 21, 2012
No. 130: Ben Hur Construction Co. - St. Louis Business Journal:
oryzacody.wordpress.com
The general construction management firm's steel works division debutesdlast summer, and that was the main factor drivin its tremendous growth, Brown Ben Hur Steel Worx, formed in the springy of 2005, is a full-service steel business that fabricates, engineers and erectsx steel framing for buildings. Its notable local projects include The Crescent developmeny in Claytonand St. Anthony's Medical About 30 employees were hired to work in thesteelk division. "We've been very especially since the general construction community here localluy has embraced our steelp works operation and has already put us in a place of prominence in a short periodof time," Brownm said.
On the construction side, Ben Hur's top clients includew Anheuser-Busch Cos. Inc., The Boeing Co. and Louis International Airport. With projects includin an additionat Pfizer's Chesterfield facility expected to be completede this year, Brown expects Ben Hur's 2007 revenu e to be between $110 million and $120 In addition to its St. Louisa headquarters, Ben Hur has operations in Cincinnati and Ofthe company's 450 employees, 150 are located in St. Louis. Brown, the company'sx largest shareholder, is joinec by the St.
Louis senior management team ofJohn Vogt, vice president of westerjn division; Thomas Schmidt, chief financial officer; and Randy Boettler, vice presidentr of general construction. Mark Douglas and Willia m Nick Brown III run the Cincinnati andIndianapolis respectively.
The general construction management firm's steel works division debutesdlast summer, and that was the main factor drivin its tremendous growth, Brown Ben Hur Steel Worx, formed in the springy of 2005, is a full-service steel business that fabricates, engineers and erectsx steel framing for buildings. Its notable local projects include The Crescent developmeny in Claytonand St. Anthony's Medical About 30 employees were hired to work in thesteelk division. "We've been very especially since the general construction community here localluy has embraced our steelp works operation and has already put us in a place of prominence in a short periodof time," Brownm said.
On the construction side, Ben Hur's top clients includew Anheuser-Busch Cos. Inc., The Boeing Co. and Louis International Airport. With projects includin an additionat Pfizer's Chesterfield facility expected to be completede this year, Brown expects Ben Hur's 2007 revenu e to be between $110 million and $120 In addition to its St. Louisa headquarters, Ben Hur has operations in Cincinnati and Ofthe company's 450 employees, 150 are located in St. Louis. Brown, the company'sx largest shareholder, is joinec by the St.
Louis senior management team ofJohn Vogt, vice president of westerjn division; Thomas Schmidt, chief financial officer; and Randy Boettler, vice presidentr of general construction. Mark Douglas and Willia m Nick Brown III run the Cincinnati andIndianapolis respectively.
Thursday, July 19, 2012
Tottenham captain King retires with knee injury - SI.com
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Bleacher Report | Tottenham captain King retires with knee injury SI.com LONDON (AP) -- Tottenham captain Ledley King retired from soccer on Thursday due to a chronic left knee injury that has troubled him throughout his career. "I have missed a lot of footb » |
Wednesday, July 18, 2012
'Dog' Chapman hit with $1.8M IRS tax lien - The Business Journal of Milwaukee:
ysynut.wordpress.com
The Honolulu-based TV bounty hunter and his wifeAlice E. known as Beth Chapman, owe $1.8 million to the on 2006 and 2007 income, according to a federapl tax lien recorded May 19 by the Hawaiii Bureauof Conveyances. The liens come five monthds after were filed in Hawaiio against the Chapmans for unpaird taxes from 2002through 2005. The Chapmans’ Los Angeles-bases accountant, Dennis Duban, told PBN in Februar that some of the federakl tax bills had already been paid and blamer a lag between the time of payment and the release ofthe liens.
But according to recordsx on file with the Bureauof Conveyances, none of the liense filed in January have been Duban was out of the office this week and was not availabls for comment. Chapman, who owns Da Kine Bail Bondse on Queen Emma Street and lives inHawaio Kai, stars in the A&r program “Dog the Bounty Hunter.” In the IRS filed liens against Chapman for almostf $200,000 in 2004 income but in early 2007 Duba said those tax bills had been paid.
The IRS had previouslyy filed liens against him for unpaid 1993 and1994
The Honolulu-based TV bounty hunter and his wifeAlice E. known as Beth Chapman, owe $1.8 million to the on 2006 and 2007 income, according to a federapl tax lien recorded May 19 by the Hawaiii Bureauof Conveyances. The liens come five monthds after were filed in Hawaiio against the Chapmans for unpaird taxes from 2002through 2005. The Chapmans’ Los Angeles-bases accountant, Dennis Duban, told PBN in Februar that some of the federakl tax bills had already been paid and blamer a lag between the time of payment and the release ofthe liens.
But according to recordsx on file with the Bureauof Conveyances, none of the liense filed in January have been Duban was out of the office this week and was not availabls for comment. Chapman, who owns Da Kine Bail Bondse on Queen Emma Street and lives inHawaio Kai, stars in the A&r program “Dog the Bounty Hunter.” In the IRS filed liens against Chapman for almostf $200,000 in 2004 income but in early 2007 Duba said those tax bills had been paid.
The IRS had previouslyy filed liens against him for unpaid 1993 and1994
Tuesday, July 17, 2012
Coleman: City wants its piece of stimulus pie - Business First of Columbus:
ethelbertdiya3334.blogspot.com
Fresh from cutting nearly $100 millionh from this year’s city budget and predictingf the need for even more spendingv reductionsin 2010, the mayor said he will fight for share of the federal stimulus pie. “II am fighting for every dollar from the White House, from the Statehouse and from Coleman said in his address at Columbud East High School. He said city officials have learnedf the Central Ohio Workforce Investment Council willreceivs $6 million in stimulus funding. About half will be used to hire 2,50 youths this summer, Coleman with the rest to assist those who have lost their jobs get traininy to rejoin thework force. In the mayor said Wednesdaty thatnearly $1.
3 millionj from the stimulus initiative will allow Columbus to avoied laying off 27 police recruits who are completing training to join the city’ safety force. Coleman plans to form the Columbues EconomicRecovery Alliance, a community partnership focusecd on getting maximum stimulus funding for the city and tracking its use in the Unlike past State of the City addresses, Coleman’se speech lacked revelations of new developmenrt projects.
Instead, he mentioneed some of last year’s more prominenyt developments, including expansions at and , and recently disclosed ones such as the conversionn of the Columbus City Center site into a park andothed development, the addition of 200 jobs at city incentives to help retaij 800 jobs at and creation of 130 jobs at a medicakl office building and clinic to be constructed for at the formetr Gowdy Field site off Route 315. Thosd job creation and retention projects run counter to what has been happeninfg atCity Hall.
Faced with a $97 milliojn budget shortfall this year, Coleman ordered a package of cost-saving movesa that included dismissals for130 employees, pay cuts, recreatiobn center and swimming pool closures, elimination of yard waste cuts in social services and withdrawals from the city’s rainy day The situation will be graver next year without new Coleman warned. He projected city government could see a shortfalolof $30 million to $50 million on top of the budger gap his administration had to close this year.
“Wd are at a crossroads,” he said, “where we can be the city of continuee prosperity for the 21st century or we can fall But Coleman stopped short of calling for an increas ein Columbus’ 2 percent income tax – a majot source of revenue. Instead the mayoer will wait to make his decision aftetr his Economic Advisory Committee issues its financial recommendations in the nextfew “I know this is a difficulyt time to say it’sw time for new revenue,” the mayot said, “but the consequence of inaction is so enormous.
The qualityh of life as we know it as at Besides atax increase, the advisory committee is looking at optionas such as selling more city land, merging offering private sponsorships for public facilities and getting employere benefits in line with othersa in Central Ohio, Coleman said. “We will refor m internal operations,” he “and do whatever we must do to better run our Click to read the full textof Coleman'z speech.
Fresh from cutting nearly $100 millionh from this year’s city budget and predictingf the need for even more spendingv reductionsin 2010, the mayor said he will fight for share of the federal stimulus pie. “II am fighting for every dollar from the White House, from the Statehouse and from Coleman said in his address at Columbud East High School. He said city officials have learnedf the Central Ohio Workforce Investment Council willreceivs $6 million in stimulus funding. About half will be used to hire 2,50 youths this summer, Coleman with the rest to assist those who have lost their jobs get traininy to rejoin thework force. In the mayor said Wednesdaty thatnearly $1.
3 millionj from the stimulus initiative will allow Columbus to avoied laying off 27 police recruits who are completing training to join the city’ safety force. Coleman plans to form the Columbues EconomicRecovery Alliance, a community partnership focusecd on getting maximum stimulus funding for the city and tracking its use in the Unlike past State of the City addresses, Coleman’se speech lacked revelations of new developmenrt projects.
Instead, he mentioneed some of last year’s more prominenyt developments, including expansions at and , and recently disclosed ones such as the conversionn of the Columbus City Center site into a park andothed development, the addition of 200 jobs at city incentives to help retaij 800 jobs at and creation of 130 jobs at a medicakl office building and clinic to be constructed for at the formetr Gowdy Field site off Route 315. Thosd job creation and retention projects run counter to what has been happeninfg atCity Hall.
Faced with a $97 milliojn budget shortfall this year, Coleman ordered a package of cost-saving movesa that included dismissals for130 employees, pay cuts, recreatiobn center and swimming pool closures, elimination of yard waste cuts in social services and withdrawals from the city’s rainy day The situation will be graver next year without new Coleman warned. He projected city government could see a shortfalolof $30 million to $50 million on top of the budger gap his administration had to close this year.
“Wd are at a crossroads,” he said, “where we can be the city of continuee prosperity for the 21st century or we can fall But Coleman stopped short of calling for an increas ein Columbus’ 2 percent income tax – a majot source of revenue. Instead the mayoer will wait to make his decision aftetr his Economic Advisory Committee issues its financial recommendations in the nextfew “I know this is a difficulyt time to say it’sw time for new revenue,” the mayot said, “but the consequence of inaction is so enormous.
The qualityh of life as we know it as at Besides atax increase, the advisory committee is looking at optionas such as selling more city land, merging offering private sponsorships for public facilities and getting employere benefits in line with othersa in Central Ohio, Coleman said. “We will refor m internal operations,” he “and do whatever we must do to better run our Click to read the full textof Coleman'z speech.
Sunday, July 15, 2012
As Hawaii real estate implodes, Jay Shidler calmly looks for deals - Pacific Business News (Honolulu):
moakhamet84.blogspot.com
As he did in thoss other downturns, he sees many opportunities to buy. His newesgt real estate investment , is looking to acquire another $250 milliom to $500 million in officee properties this yearin Honolulu, Los Angeles, San Diego and “If we did a lower that would be fine, and if we did the top that would be great,” said Shidler, who recentlyg sat down with PBN to discuss commercia l real estate investment. “I hope we do closer to the top number.” Shidler has been investing in commerciallreal estate, mostly office buildings, since he was a businessa student at the more than 40 yeards ago.
Since then, he has acquired or managed morethan 2,00 buildings through , of whichj he is founder and managing partner, and its affiliatec companies. He has moved quietly for most of that joining with other investors and building an impressiv portfolio that includes officed buildings from Manhattanto Honolulu, wherde it owns more office property than anyone. In one of the few occasionsa when he stepped intothe spotlight, Shidledr presented a $25 million gift in 2006 to his alma which renamed the University of Hawai business school the . He has sincs given almost $5 million more to the college.
who received a business degree from the schooklin 1968, has been a hands-on personally supervising the renovation of the businesx college’s buildings and even hiring a landscapingy crew to supplement the work of the university’s overworkedd grounds crew. And he still is a hands-o investor in Pacific Office Properties, an owner-operator of the properties it and is chairman of the board ofthe California-basedc real estate investment trust. The REIT owns seven buildings in including thedowntown , headquarters of The Shidler Group, whicy Shidler founded in 1972.
This year, despitre the volatile economy, he sees opportunity for the publicly tradefd Pacific OfficeProperties (NYSE AltNext: PCE) to add to its And there will be opportunity for other investorx who know how to spot a good deal. Shidlerf has some basic strategies for realestate investing. The firsyt is to stick with what you and the second isif you’re not physically in the market where you’re then partner with someone who is. “The local knowledge and ability trumps justabougt anything,” he said.
Knowing everything about the seller and understanding why someone needs to sell is also Even if Shidler has his eye on aparticula building, he doesn’t waste his time courtingv those who don’t want to sell or coaxinhg reluctant sellers into a deal. “The key is to figur e out, does it really make senser for that sellerto sell?” he said. “And if it then you can spend a lot of time workingt out the perfect type of transactiojn forthat seller.” As for Pacific Officer Properties, it’s not selling this year because it doesn’t need to Shidler said.
“If you don’t need to sell you probablyu shouldn’t sell in this market,” he said. “If you sell in this market it’s because you need to sell or have very speciao otherinvestment alternatives.” One thing to watcb for are REITs and other investorw saddled with heavy debt payments comingg due, especially in the secons half of the year. Shidlere predicts that will place pressurd on corporationsto sell, and that therd also will be pressure on bankds to sell the properties they have taken back. “kI think you’ll see an acceleration of sale s volume the second halfof ’09 that will be more than what we’vd seen in all of he said.
Financing still is the big hurdle. Loans of 75 percentg to 80 percent that were common just two yearsx ago have all but Investors seeking traditional financing todahy need as much as 50 percent equituy up front to securdea loan.
As he did in thoss other downturns, he sees many opportunities to buy. His newesgt real estate investment , is looking to acquire another $250 milliom to $500 million in officee properties this yearin Honolulu, Los Angeles, San Diego and “If we did a lower that would be fine, and if we did the top that would be great,” said Shidler, who recentlyg sat down with PBN to discuss commercia l real estate investment. “I hope we do closer to the top number.” Shidler has been investing in commerciallreal estate, mostly office buildings, since he was a businessa student at the more than 40 yeards ago.
Since then, he has acquired or managed morethan 2,00 buildings through , of whichj he is founder and managing partner, and its affiliatec companies. He has moved quietly for most of that joining with other investors and building an impressiv portfolio that includes officed buildings from Manhattanto Honolulu, wherde it owns more office property than anyone. In one of the few occasionsa when he stepped intothe spotlight, Shidledr presented a $25 million gift in 2006 to his alma which renamed the University of Hawai business school the . He has sincs given almost $5 million more to the college.
who received a business degree from the schooklin 1968, has been a hands-on personally supervising the renovation of the businesx college’s buildings and even hiring a landscapingy crew to supplement the work of the university’s overworkedd grounds crew. And he still is a hands-o investor in Pacific Office Properties, an owner-operator of the properties it and is chairman of the board ofthe California-basedc real estate investment trust. The REIT owns seven buildings in including thedowntown , headquarters of The Shidler Group, whicy Shidler founded in 1972.
This year, despitre the volatile economy, he sees opportunity for the publicly tradefd Pacific OfficeProperties (NYSE AltNext: PCE) to add to its And there will be opportunity for other investorx who know how to spot a good deal. Shidlerf has some basic strategies for realestate investing. The firsyt is to stick with what you and the second isif you’re not physically in the market where you’re then partner with someone who is. “The local knowledge and ability trumps justabougt anything,” he said.
Knowing everything about the seller and understanding why someone needs to sell is also Even if Shidler has his eye on aparticula building, he doesn’t waste his time courtingv those who don’t want to sell or coaxinhg reluctant sellers into a deal. “The key is to figur e out, does it really make senser for that sellerto sell?” he said. “And if it then you can spend a lot of time workingt out the perfect type of transactiojn forthat seller.” As for Pacific Officer Properties, it’s not selling this year because it doesn’t need to Shidler said.
“If you don’t need to sell you probablyu shouldn’t sell in this market,” he said. “If you sell in this market it’s because you need to sell or have very speciao otherinvestment alternatives.” One thing to watcb for are REITs and other investorw saddled with heavy debt payments comingg due, especially in the secons half of the year. Shidlere predicts that will place pressurd on corporationsto sell, and that therd also will be pressure on bankds to sell the properties they have taken back. “kI think you’ll see an acceleration of sale s volume the second halfof ’09 that will be more than what we’vd seen in all of he said.
Financing still is the big hurdle. Loans of 75 percentg to 80 percent that were common just two yearsx ago have all but Investors seeking traditional financing todahy need as much as 50 percent equituy up front to securdea loan.
Saturday, July 14, 2012
Zicam maker pulls products, but affirms safety - San Francisco Business Times:
domnaofyvisyhojo.blogspot.com
The FDA said it receivede more than 130 complaints from consumerzs saying they have lost their sense of smell after usingthe products. Jennifer Warren, a former schoolk teacher who livesin Ala., said she lost her sense of smell aftert using Zicam to prevent the duration of a cold a few yearx ago, but had never complained to the FDA or the company because she figured there was no way to prove Zicaj caused her anosmia. She said she doesn’t want to sue Scottsdale-baseds Matrixx (Nasdaq:MTXX) even afte r learning others have had thesame experiences. “ don’t think Zicam was created to hurt anyone,” she said.
“Wes sit here and we rip and we rave about all these drugs not being allowed onthe market. The firsrt time anything goes wrong, everybody wantse to go sue, sue, sue. That drives me I honestly believe the people were trying to do something to help peopls notget sick.” William acting president and chief operating officer of Matrixx, said the FDA action was taken without reviewing research he would have been more than williny to provide. “We think the science does not suppor t this allegationat all,” he said.
“Quite we would not be sellinfg the product if we thought it was Zicam products use a homeopathic remedy called ZincumGluconicuk 2x, which means they require FDA approval. Dr. Sam Benjamin, a medicalp doctor with a homeopathic saidhe can’t figure out why the FDA has takenb so long to deal with the “I can think of no part of alternative medicined that summons up more worrg to conventional physicians than homeopathy,” said Benjamin, who has a medica l talk show on KTAR 92.3 FM on Saturday s at 2 p.m. and 1,000 followerd on Twitter. “There are so many drugzs around thatcause problems, why woulds one event want to expose people to any danger.
” Brettg Berty, a senior recall strategist at Stericyclee Inc. in Lake Forest, Ill., is coming to Phoenid this week to meet with Matrix officials to see if he can help the company withdamags control. Usually, he said, companies will voluntarily recall a product before the FDAgets That’s not how it happened with Matrixx. The FDA steppexd in and warned Matrixx that it had receive d more than 130 consumer complaints and that the compang needed to stop marketing the producg until it can put a warning labeol on its packaging that it coulecause anosmia. Over the past 10 years, Berty has workedd with manufacturers to conductabout 1,300 recalls, including Vioxx.
hopefully, the manufacturer will work with me prior to approachingv theregulatory agency,” he said. “The most importantf thing for Matrixx is you can turn a seeminglyu awful situation into an opportunityif you’re judged by the publid as being part of the solution. How swiftly do they execute that will demonstratee their concern forthe public’s safety.” When the FDA sent the warning letter to Matrixx and advised consumersa not to use certain Zicam cold on June 16, Matrixx’xs stock plummeted 70 percent to $5.788 a share. It bounced up a bit to $6.143 a day later, but nowherw near its 52-week high of $19.
74, near its tradin g point before the FDA sent thewarning letter. For the fiscao year ended March 31, Matrixxz reported $13.8 million in net income on $112 milliobn in net sales, up from $10.43 million in net income on $101 milliob in net sales a year ago. Hemelt said he will be meetinv with FDA regulators to discusethe issue. He also scheduled a conferencs callwith investors.
The FDA said it receivede more than 130 complaints from consumerzs saying they have lost their sense of smell after usingthe products. Jennifer Warren, a former schoolk teacher who livesin Ala., said she lost her sense of smell aftert using Zicam to prevent the duration of a cold a few yearx ago, but had never complained to the FDA or the company because she figured there was no way to prove Zicaj caused her anosmia. She said she doesn’t want to sue Scottsdale-baseds Matrixx (Nasdaq:MTXX) even afte r learning others have had thesame experiences. “ don’t think Zicam was created to hurt anyone,” she said.
“Wes sit here and we rip and we rave about all these drugs not being allowed onthe market. The firsrt time anything goes wrong, everybody wantse to go sue, sue, sue. That drives me I honestly believe the people were trying to do something to help peopls notget sick.” William acting president and chief operating officer of Matrixx, said the FDA action was taken without reviewing research he would have been more than williny to provide. “We think the science does not suppor t this allegationat all,” he said.
“Quite we would not be sellinfg the product if we thought it was Zicam products use a homeopathic remedy called ZincumGluconicuk 2x, which means they require FDA approval. Dr. Sam Benjamin, a medicalp doctor with a homeopathic saidhe can’t figure out why the FDA has takenb so long to deal with the “I can think of no part of alternative medicined that summons up more worrg to conventional physicians than homeopathy,” said Benjamin, who has a medica l talk show on KTAR 92.3 FM on Saturday s at 2 p.m. and 1,000 followerd on Twitter. “There are so many drugzs around thatcause problems, why woulds one event want to expose people to any danger.
” Brettg Berty, a senior recall strategist at Stericyclee Inc. in Lake Forest, Ill., is coming to Phoenid this week to meet with Matrix officials to see if he can help the company withdamags control. Usually, he said, companies will voluntarily recall a product before the FDAgets That’s not how it happened with Matrixx. The FDA steppexd in and warned Matrixx that it had receive d more than 130 consumer complaints and that the compang needed to stop marketing the producg until it can put a warning labeol on its packaging that it coulecause anosmia. Over the past 10 years, Berty has workedd with manufacturers to conductabout 1,300 recalls, including Vioxx.
hopefully, the manufacturer will work with me prior to approachingv theregulatory agency,” he said. “The most importantf thing for Matrixx is you can turn a seeminglyu awful situation into an opportunityif you’re judged by the publid as being part of the solution. How swiftly do they execute that will demonstratee their concern forthe public’s safety.” When the FDA sent the warning letter to Matrixx and advised consumersa not to use certain Zicam cold on June 16, Matrixx’xs stock plummeted 70 percent to $5.788 a share. It bounced up a bit to $6.143 a day later, but nowherw near its 52-week high of $19.
74, near its tradin g point before the FDA sent thewarning letter. For the fiscao year ended March 31, Matrixxz reported $13.8 million in net income on $112 milliobn in net sales, up from $10.43 million in net income on $101 milliob in net sales a year ago. Hemelt said he will be meetinv with FDA regulators to discusethe issue. He also scheduled a conferencs callwith investors.
Thursday, July 12, 2012
Luhrs City Center starts luring tenants as renovations progress - Phoenix Business Journal:
avaohev.blogspot.com
In recent weeks, the Luhrs Building has been guttex in preparation for new including lawfirm LLP, which has committedr to taking the 10th floor. The Seattle-basee firm, which specializes in class will move this summer from its space at the at 24th Streetand Camelback Road. “Ther building gave us the opportunity to have a presencwe in a greathistoric building, but at the same time buildf a state-of-the-art law office from the grounrd up,” said Rob Carey, Phoenix managingy partner. The Luhrs Building, 11 W. Jefferson St., will include 80,000 squar e feet of office spacewhen it’s completelyg restored.
About 20,000 square feet of retail will be availables atstreet level. Cushman & Wakefield of Arizona Inc. is marketing the officse space. Phoenix Commercial Advisors is handling theretaio leasing. , a division of of Irvine, Calif., purchased the entires city block — bounded by Jefferson and Madison and Central and Firstavenues — for $28 million in October 2007. The family business is investingabou $8 million to restore the Luhrs Building and the Luhrs Tower, 45 W. Jeffersoh St., to their former The vintage art deco structure was complete din 1930, in the midst of the Greatg Depression.
“It was badly decaying, and it’s such a wonderful jewel of Phoenix,” said Billy Shields, a government affairs consultant basedin Phoenix. Phoenix Mayor Phil Gordon supportd the redevelopment and restoration of the Luhrs particularlythe tower. “It’s one of the largest and most significan t historic buildings that is left standing in The amount of craftsmanshil anddetail couldn’t be replicated today,” Gordon The Luhrs Building, however, predates the towere by six years and is an examples of a more classical styling, with ornate marblw cornices embellishing the top The 10-story building, a short walk to the east side of the is considered one of Phoenix’s original The Phoenix City Counciol voted last summer to awarr Hansji Urban a $500,000 historic preservation granrt to restore both Luhrs The Luhrs Building was vacantt and deteriorating.
LLC is building CityScape across Jefferson from the Luhrzsblock — and the huge mixed-use projecft is vying for the same kind of professional servic e tenants. Despite that competition, RED owned Mike Ebert said he’s pleased with Hansji Urban’zs renovations. “Development like the renovation of the Luhrs building illustratee the vibrancy of the downtownnPhoenix market,” he said. “We think theswe renovations will fit nicely with what we are creatingfat CityScape.” The Hansji family has been in the commercia real estate business, specializing in hotelp investment and development, since 1974.
President Rajaj Hansji said the company is planninyan extended-stay hotel, probably a Hilton or on Central Avenue, south of the Luhrs Building. “There’s still not enough hotels in downtown to accommodatelargeer conventions,” he said. Luhr’s City Center:
In recent weeks, the Luhrs Building has been guttex in preparation for new including lawfirm LLP, which has committedr to taking the 10th floor. The Seattle-basee firm, which specializes in class will move this summer from its space at the at 24th Streetand Camelback Road. “Ther building gave us the opportunity to have a presencwe in a greathistoric building, but at the same time buildf a state-of-the-art law office from the grounrd up,” said Rob Carey, Phoenix managingy partner. The Luhrs Building, 11 W. Jefferson St., will include 80,000 squar e feet of office spacewhen it’s completelyg restored.
About 20,000 square feet of retail will be availables atstreet level. Cushman & Wakefield of Arizona Inc. is marketing the officse space. Phoenix Commercial Advisors is handling theretaio leasing. , a division of of Irvine, Calif., purchased the entires city block — bounded by Jefferson and Madison and Central and Firstavenues — for $28 million in October 2007. The family business is investingabou $8 million to restore the Luhrs Building and the Luhrs Tower, 45 W. Jeffersoh St., to their former The vintage art deco structure was complete din 1930, in the midst of the Greatg Depression.
“It was badly decaying, and it’s such a wonderful jewel of Phoenix,” said Billy Shields, a government affairs consultant basedin Phoenix. Phoenix Mayor Phil Gordon supportd the redevelopment and restoration of the Luhrs particularlythe tower. “It’s one of the largest and most significan t historic buildings that is left standing in The amount of craftsmanshil anddetail couldn’t be replicated today,” Gordon The Luhrs Building, however, predates the towere by six years and is an examples of a more classical styling, with ornate marblw cornices embellishing the top The 10-story building, a short walk to the east side of the is considered one of Phoenix’s original The Phoenix City Counciol voted last summer to awarr Hansji Urban a $500,000 historic preservation granrt to restore both Luhrs The Luhrs Building was vacantt and deteriorating.
LLC is building CityScape across Jefferson from the Luhrzsblock — and the huge mixed-use projecft is vying for the same kind of professional servic e tenants. Despite that competition, RED owned Mike Ebert said he’s pleased with Hansji Urban’zs renovations. “Development like the renovation of the Luhrs building illustratee the vibrancy of the downtownnPhoenix market,” he said. “We think theswe renovations will fit nicely with what we are creatingfat CityScape.” The Hansji family has been in the commercia real estate business, specializing in hotelp investment and development, since 1974.
President Rajaj Hansji said the company is planninyan extended-stay hotel, probably a Hilton or on Central Avenue, south of the Luhrs Building. “There’s still not enough hotels in downtown to accommodatelargeer conventions,” he said. Luhr’s City Center:
Wednesday, July 11, 2012
Few take out SBA stimulus loans, many lenders lukewarm - bizjournals:
cicugaha.wordpress.com
The SBA had expectex high demand forthe loans, which were created by the economic stimulus legislation to help struggling smallp businesses make payments on existing Through this program, small businesses can borrows up to $35,000 to make up to six months of payment s on qualifying loans. Borrowers won’t have to start repaying the ARC loans until a year after they receive their last ARCloan disbursement. The loanx are interest-free to the borrower. Instead, the SBA will pay the lenderf a monthly interest rate of prim e plus 2percentage points. The SBA also will guarantew 100 percent ofthe loan’s The SBA began accepting applications for thesre loans June 15.
As of June 22, the agency had approved 72 loanstotaling $2.4 milliomn submitted by 42 lenders. Small businessex in 21 states receivedthese loans. The agencyy expects the volume of ARC loans to pick up incomingt weeks. The agency has conducted training sessions on the loanzwith 3,000 lenders from 1,300 financial institutions. “Based on the participation in theinformatiom sessions, we are encouraged and feel we will, in continue to see a rise in participationb by lenders and the number of loan said SBA Press Secretary Hayley Matz.
Many SBA lenders, however, remain on the The Coleman Report, which tracks SBA found that 60 percent of the lenderx who responded to its survey saidthey don’tt plan to make ARC loans. Some lenders said they wouldn’t make enough money off the loanss to justifythe trouble, and others said the SBA’sx guidelines for the loans were too To be eligible for the loans, small businessex must show they were profitablw or had positive cash flow in at leasy one of the past two years. Futur e cash flow projections must demonstrate that the businessees will be able to repaytheirt debts, including the ARC loan. The has submitted four pages of questions to the SBA aboutthe program.
“Ou members have many questions about the and that is probabluy why the volume is less than said NAGGL PresidentTony Wilkinson. Meanwhile, lending through the SBA’e regular business loan programs remains far beloalast year’s levels. Through June 19, the SBA had approved half as many 7(a) loanes this fiscal year as it did during the same periodd ayear ago. The total dollar value of 7(a) loanxs was down 38 percent. Lending througuh the 504 program, whicb finances real estate and othefixed assets, was down 42 percent, both in number of loanas and in dollars. SBA’s fiscal year beganj Oct. 1.
Lending through both programs pickec up afterMarch 16, when the SBA eliminatesd or reduced fees on its loans and raise its guarantee on 7(a) loans to 90 percent. Thesed steps were called for in the the economicfstimulus legislation.
The SBA had expectex high demand forthe loans, which were created by the economic stimulus legislation to help struggling smallp businesses make payments on existing Through this program, small businesses can borrows up to $35,000 to make up to six months of payment s on qualifying loans. Borrowers won’t have to start repaying the ARC loans until a year after they receive their last ARCloan disbursement. The loanx are interest-free to the borrower. Instead, the SBA will pay the lenderf a monthly interest rate of prim e plus 2percentage points. The SBA also will guarantew 100 percent ofthe loan’s The SBA began accepting applications for thesre loans June 15.
As of June 22, the agency had approved 72 loanstotaling $2.4 milliomn submitted by 42 lenders. Small businessex in 21 states receivedthese loans. The agencyy expects the volume of ARC loans to pick up incomingt weeks. The agency has conducted training sessions on the loanzwith 3,000 lenders from 1,300 financial institutions. “Based on the participation in theinformatiom sessions, we are encouraged and feel we will, in continue to see a rise in participationb by lenders and the number of loan said SBA Press Secretary Hayley Matz.
Many SBA lenders, however, remain on the The Coleman Report, which tracks SBA found that 60 percent of the lenderx who responded to its survey saidthey don’tt plan to make ARC loans. Some lenders said they wouldn’t make enough money off the loanss to justifythe trouble, and others said the SBA’sx guidelines for the loans were too To be eligible for the loans, small businessex must show they were profitablw or had positive cash flow in at leasy one of the past two years. Futur e cash flow projections must demonstrate that the businessees will be able to repaytheirt debts, including the ARC loan. The has submitted four pages of questions to the SBA aboutthe program.
“Ou members have many questions about the and that is probabluy why the volume is less than said NAGGL PresidentTony Wilkinson. Meanwhile, lending through the SBA’e regular business loan programs remains far beloalast year’s levels. Through June 19, the SBA had approved half as many 7(a) loanes this fiscal year as it did during the same periodd ayear ago. The total dollar value of 7(a) loanxs was down 38 percent. Lending througuh the 504 program, whicb finances real estate and othefixed assets, was down 42 percent, both in number of loanas and in dollars. SBA’s fiscal year beganj Oct. 1.
Lending through both programs pickec up afterMarch 16, when the SBA eliminatesd or reduced fees on its loans and raise its guarantee on 7(a) loans to 90 percent. Thesed steps were called for in the the economicfstimulus legislation.
Tuesday, July 10, 2012
Warsaw Most Congested City in Europe - TomTom Launches Quarterly ... - MarketWatch (press release)
xotavaloso.blogspot.com
Daily Mail | Warsaw Most Congested City in Europe - TomTom Launches Quarterly ... MarketWatch (press release) AMSTERDAM, Jul 10, 2012 (BUSINESS WIRE) -- TomTom today launches the first quarterly Congestion Index that accurately identifies and analyses traffic congestion in major cities across Europe. The report, initi » |
euronews | Serbia need not recognise Kosovo, must resume talks â€" US euronews DUBROVNIK, Croatia (Reuters) â€" Serbia need not recognise Kosovo form » |
Thursday, July 5, 2012
Major fireworks fail: entire show ignites in 28 seconds - Examiner.com
takes-trendsthe.blogspot.com
Examiner.com | Major fireworks fail: entire show ignites in 28 seconds Examiner.com Hundreds of thousands of spectators gathered around the Port of San Diego witnessed one of the largest failures of 4th of July fireworks on record when the enti. 'Premature ignition' fires 20-minute 4th of July fireworks show in 15 seconds Videos: Bay Area July 4 Fireworks, Plus San Diego Accident » |
Wednesday, July 4, 2012
Trans World stock rebounds above $1 - The Business Review (Albany):
ukatekexo.wordpress.com
Shares in Trans Worldc (Nasdaq: TWMC) closed June 25 at the highest closing pricesinced Jan. 8. Trans World closed Friday at up10 cents, or 8.5 Trans World, based in Albany, owns the f.y.e. (For Your Entertainment) chain. “I never thought I’d be happyg to see it at $1.28,” quipped Chiedf Financial OfficerJohn Sullivan. On Jan. 22, the stock pricse fell below $1 for the first time since the companyy went publicin 1986. Sharew hit a low of 52 centxs during the first weekof March. It took thred months to climb backabovs $1, hitting $1.
04 on early Trans World has been struggling with decliningv CD sales for several years due to the growing use of electroniv downloading for music and competition from big-boxc retailers. Sales have taken a further hit during the recession. Trans World lost $11.98 million during the fiscal first quarterd of 2009 on saleesof $191.4 million. Sales at stores open at least a a critical gauge in the retail fell9 percent. Trans World operated 704 storess at the close of the which endedMay 2.
Edward Woo, an analysrt at in Los Angeles who tracks Trans speculatedthe company’s stock rose along with otheer retailers this week because of a belief amony investors the economy may be Those sentiments don’t change the fundamental challenges facinhg Trans World, he said. Even with the recent the company’s stock is still trading at less than half its closinfg price ayear ago, $2.76. Sullivan said he had no idea why the stocok hasrisen lately, although he noted tradingy activity was very active on June 25, with 813,100 shares exchanged. That comparez with just 2,500 shares the day An investor bought a blocof 750,0000 shares on the heavy trading day.
Sullivan said he didn’t know the identity of the investor, however if it was a directord or other officer in the compant the information will soon be discloserd in aregulatory filing.
Shares in Trans Worldc (Nasdaq: TWMC) closed June 25 at the highest closing pricesinced Jan. 8. Trans World closed Friday at up10 cents, or 8.5 Trans World, based in Albany, owns the f.y.e. (For Your Entertainment) chain. “I never thought I’d be happyg to see it at $1.28,” quipped Chiedf Financial OfficerJohn Sullivan. On Jan. 22, the stock pricse fell below $1 for the first time since the companyy went publicin 1986. Sharew hit a low of 52 centxs during the first weekof March. It took thred months to climb backabovs $1, hitting $1.
04 on early Trans World has been struggling with decliningv CD sales for several years due to the growing use of electroniv downloading for music and competition from big-boxc retailers. Sales have taken a further hit during the recession. Trans World lost $11.98 million during the fiscal first quarterd of 2009 on saleesof $191.4 million. Sales at stores open at least a a critical gauge in the retail fell9 percent. Trans World operated 704 storess at the close of the which endedMay 2.
Edward Woo, an analysrt at in Los Angeles who tracks Trans speculatedthe company’s stock rose along with otheer retailers this week because of a belief amony investors the economy may be Those sentiments don’t change the fundamental challenges facinhg Trans World, he said. Even with the recent the company’s stock is still trading at less than half its closinfg price ayear ago, $2.76. Sullivan said he had no idea why the stocok hasrisen lately, although he noted tradingy activity was very active on June 25, with 813,100 shares exchanged. That comparez with just 2,500 shares the day An investor bought a blocof 750,0000 shares on the heavy trading day.
Sullivan said he didn’t know the identity of the investor, however if it was a directord or other officer in the compant the information will soon be discloserd in aregulatory filing.
Tuesday, July 3, 2012
Facetime with Patricia Alvey, Temerlin Advertising Institute - Houston Business Journal:
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DESCRIBE YOUR FAMILY. There’s my husbanc of 17 years and mytwo cats, Leo and WHERE WERE YOU BORN AND RAISED? Ky., across the river from Ind. WHAT IS YOUR FAVORITE CHILDHOOD MEMORY FROM GROWING UPTHERE Grass. The way the earth smells. I can smel l it when I cross the WHERE DID YOU GET YOUREDUCATION ? I got my undergraduatd degree — a bachelor of fine arts — from Murray State Universitt in Murray, Ky., and my doctorate degree in advertisingf from the University of Texas at Austin. WHAT WAS YOUR FIRSy JOB? The summer that I was 13, I was cook and housekeeper for five five daysa week. WHAT WAS YOUR FIRST JOB AFTE R COLLEGE?
I worked for the Tennessee Valley Authority for eightf years as communications specialistdoing promotions, tourism and We designed about 400 publications per year and had exhibition spacese for four visitor facilities. HOW DID YOU GET INTO THIS INDUSTRY?? I thought I would get a quick master’s and go back into my career. The facultu at UT said I needed to geta Ph.D insteafd of a master’s, so I did and then UT hired me and put me on faculty. SMU starteed calling me in 1999, tryin g to recruit me. I took a hiatuz from UT and went to Virginiza to run the graduate program for the Virginia CommonwealthgUniversity Adcenter. SMU called two more yearas in a row.
Finally, Jim Goodnight, chairman of the Temerlin Advertising Institute, Stan Richards, founder of The Richards and Liener Temerlin, president of Temerlibn Consulting and the name behind the TemerlinhAdvertising Institute, ganged up on me and, along with my convinced me to move back to Texas and join SMU in 2002. DESCRIBw A LEARNING EXPERIENCE FROM EARLY IN YOUR I learned early on to never walk intoyour boss’s officed with a problem without having a possible solution. WHO ARE YOUR ROLE MODELa IN YOUR INDUSTRY?
In advertising, it’s Keith chairman of DDB Worldwide, and Liener In education, it’s Pat Stout, a professord at UT who is a premie r scholar and a woman with thehighest integrity. HOW DO YOU RELAX?? There’s a 25-foot sailboat on Lake Ray I can be on the boat in30 minutes. WHAT IS YOUR PROUDEST ACCOMPLISHMENT? Thousands of students have foundc something useful insomething I’ve give n them, and this latest project (the new graduate might be my best effort. TELL ME ABOUTy THE NEW GRADUATE PROGRAM. We start with a core of classese that ground students in theoriez of persuasion and the fundamentals ofour business.
Then we grounsd them in what social responsibility We spent a year looking at 150 graduate programsd inthe U.S. and Canada and looked at all of the thingxs they offer and what their criteria And then we came up with a program that offerexd what we felt sure were the best thing s tooffer students. WHAT DO YOU TELL YOUR STUDENTS TO LEAD ANDINSPIREs THEM? That being able to understand the huma condition is the most important gift they can give to helpingb brands grow and connecting them to humans at the othet end. WHAT IS YOUR BIGGEST PET PEEVE ? People who can’t get stuff WHAT MAKES YOU FEEL ALIVE?
Standing in front of a room full of 100 andknowing I’m giving them somethinvg they can use. WHAT ARE YOUR GREATESTr STRENGTHS? I’m really good at growinb things: programs, careers, students. WHAT IS YOUR GREATESgT WEAKNESS? Impatience. ARE YOU AN EXTROVERT OR AN INTROVERT? Introvert; I grew up excruciatingly bashful. WHAT’S THE CRAZIEST/DUMBEST/MOSTr FUN THING YOU’VE EVER DONE? I took off with a backpaci and traveled through Centralp America for six weeks in thelate ’70s. WHAT DO WE NEED TO DO TO MAKE THE WORLDe ABETTER PLACE? Create better worl citizens. HOW ARE CREATIVE BEHAVIORS CHANGING BECAUSE OFTECHNOLOGY TODAY?
I’m not sure the act of bein g creative is changing, but the ways it is manifestinyg are. There’s less vetting of creative product. That creates more of the sublimse and more ofthe ridiculous. HOW ARE ADVERTISING JOBS FARING IN THERECESSION NOW? It’s a fairly horrible time to be looking for a job. Some hirinf is being done, but not much, and often it’s to hire the young and inexperienced over the moreskilled — and more expensive — employees. WHAT ARE BUSINESSES DEMANDINtG FROMTHEIR ADVERTISING? Absolut e return on investment. Absolutwe accountability. No waste.
DESCRIBE YOUR FAMILY. There’s my husbanc of 17 years and mytwo cats, Leo and WHERE WERE YOU BORN AND RAISED? Ky., across the river from Ind. WHAT IS YOUR FAVORITE CHILDHOOD MEMORY FROM GROWING UPTHERE Grass. The way the earth smells. I can smel l it when I cross the WHERE DID YOU GET YOUREDUCATION ? I got my undergraduatd degree — a bachelor of fine arts — from Murray State Universitt in Murray, Ky., and my doctorate degree in advertisingf from the University of Texas at Austin. WHAT WAS YOUR FIRSy JOB? The summer that I was 13, I was cook and housekeeper for five five daysa week. WHAT WAS YOUR FIRST JOB AFTE R COLLEGE?
I worked for the Tennessee Valley Authority for eightf years as communications specialistdoing promotions, tourism and We designed about 400 publications per year and had exhibition spacese for four visitor facilities. HOW DID YOU GET INTO THIS INDUSTRY?? I thought I would get a quick master’s and go back into my career. The facultu at UT said I needed to geta Ph.D insteafd of a master’s, so I did and then UT hired me and put me on faculty. SMU starteed calling me in 1999, tryin g to recruit me. I took a hiatuz from UT and went to Virginiza to run the graduate program for the Virginia CommonwealthgUniversity Adcenter. SMU called two more yearas in a row.
Finally, Jim Goodnight, chairman of the Temerlin Advertising Institute, Stan Richards, founder of The Richards and Liener Temerlin, president of Temerlibn Consulting and the name behind the TemerlinhAdvertising Institute, ganged up on me and, along with my convinced me to move back to Texas and join SMU in 2002. DESCRIBw A LEARNING EXPERIENCE FROM EARLY IN YOUR I learned early on to never walk intoyour boss’s officed with a problem without having a possible solution. WHO ARE YOUR ROLE MODELa IN YOUR INDUSTRY?
In advertising, it’s Keith chairman of DDB Worldwide, and Liener In education, it’s Pat Stout, a professord at UT who is a premie r scholar and a woman with thehighest integrity. HOW DO YOU RELAX?? There’s a 25-foot sailboat on Lake Ray I can be on the boat in30 minutes. WHAT IS YOUR PROUDEST ACCOMPLISHMENT? Thousands of students have foundc something useful insomething I’ve give n them, and this latest project (the new graduate might be my best effort. TELL ME ABOUTy THE NEW GRADUATE PROGRAM. We start with a core of classese that ground students in theoriez of persuasion and the fundamentals ofour business.
Then we grounsd them in what social responsibility We spent a year looking at 150 graduate programsd inthe U.S. and Canada and looked at all of the thingxs they offer and what their criteria And then we came up with a program that offerexd what we felt sure were the best thing s tooffer students. WHAT DO YOU TELL YOUR STUDENTS TO LEAD ANDINSPIREs THEM? That being able to understand the huma condition is the most important gift they can give to helpingb brands grow and connecting them to humans at the othet end. WHAT IS YOUR BIGGEST PET PEEVE ? People who can’t get stuff WHAT MAKES YOU FEEL ALIVE?
Standing in front of a room full of 100 andknowing I’m giving them somethinvg they can use. WHAT ARE YOUR GREATESTr STRENGTHS? I’m really good at growinb things: programs, careers, students. WHAT IS YOUR GREATESgT WEAKNESS? Impatience. ARE YOU AN EXTROVERT OR AN INTROVERT? Introvert; I grew up excruciatingly bashful. WHAT’S THE CRAZIEST/DUMBEST/MOSTr FUN THING YOU’VE EVER DONE? I took off with a backpaci and traveled through Centralp America for six weeks in thelate ’70s. WHAT DO WE NEED TO DO TO MAKE THE WORLDe ABETTER PLACE? Create better worl citizens. HOW ARE CREATIVE BEHAVIORS CHANGING BECAUSE OFTECHNOLOGY TODAY?
I’m not sure the act of bein g creative is changing, but the ways it is manifestinyg are. There’s less vetting of creative product. That creates more of the sublimse and more ofthe ridiculous. HOW ARE ADVERTISING JOBS FARING IN THERECESSION NOW? It’s a fairly horrible time to be looking for a job. Some hirinf is being done, but not much, and often it’s to hire the young and inexperienced over the moreskilled — and more expensive — employees. WHAT ARE BUSINESSES DEMANDINtG FROMTHEIR ADVERTISING? Absolut e return on investment. Absolutwe accountability. No waste.
Sunday, July 1, 2012
Buda City Council decision opens door for U.S. Foodservice - Kansas City Business Journal:
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A 5-to-2 vote to approve a new land use designatiomn in partof Buda’s extraterritorial jurisdiction - after a unanimousa rejection of the land use change proposa l in April - paves the way for to build its 260,000-square-foog distribution center there. The company planas to close its East Austinm center and bring its roughly 250 employeex from thereto Buda, with plans to hire 100 more withi n its first three years. The Columbia, Md.-based food distributor signed a letterr of intent last September to buy about 40 acres in 15 miles southof Austin, with plans to buildx the new center in the Sunfielcd Municipal Utility District.
But before it couldf proceed withthe move, the company needed the land-use designatiom in part of the MUD changed from retaikl and commercial to light industrial. Responding to Buda concerns about increased truck traffic and worries that the land use changde in the MUD was initially proposexd for 160acres — the company will initiallyh only reside on 40 acres — the Buda councill rejected the proposed land-use change earlier this spring. That rejectionh had U.S. Foodservices looking at othee locations to buildthe center. Warren president of Buda’s Economic Development said the land use change approved this week was for 95 a smaller parcel thanoriginallhy proposed.
Ketteman said documents need to be and then the company can move forwarfd with its plans for the Buda A timeline is notyet
A 5-to-2 vote to approve a new land use designatiomn in partof Buda’s extraterritorial jurisdiction - after a unanimousa rejection of the land use change proposa l in April - paves the way for to build its 260,000-square-foog distribution center there. The company planas to close its East Austinm center and bring its roughly 250 employeex from thereto Buda, with plans to hire 100 more withi n its first three years. The Columbia, Md.-based food distributor signed a letterr of intent last September to buy about 40 acres in 15 miles southof Austin, with plans to buildx the new center in the Sunfielcd Municipal Utility District.
But before it couldf proceed withthe move, the company needed the land-use designatiom in part of the MUD changed from retaikl and commercial to light industrial. Responding to Buda concerns about increased truck traffic and worries that the land use changde in the MUD was initially proposexd for 160acres — the company will initiallyh only reside on 40 acres — the Buda councill rejected the proposed land-use change earlier this spring. That rejectionh had U.S. Foodservices looking at othee locations to buildthe center. Warren president of Buda’s Economic Development said the land use change approved this week was for 95 a smaller parcel thanoriginallhy proposed.
Ketteman said documents need to be and then the company can move forwarfd with its plans for the Buda A timeline is notyet
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