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Buffett, his company (NYSE: BRK.A, BRK.B), and that company’s subsidiary , are each no longetr stockholders inConstellation (NYSE: CEG), according to a form with the Securitieds and Exchange Commission filed Monday. They have been slowly divesting the stock over the past weekesand months, owning 7.3 percent in February and 6.3 percenf last month. The sale ends the relationship between the investorand Constellation, one of two Fortunse 500 companies in Baltimore City. Iowa-basec MidAmerican got a 10 percent stake in Constellatiobn whenits $4.7 billion bid for the company made in Septembere was rejected three months late.
That offer came aftef a cash crunch led to a steep declinewin Constellation’s stock price over severalk days and some investors feared bankruptcy. Constellation spurned the offe in favor of a deal tosell 49.99 percen t of its nuclear business for $4.5 billion to French firm , whicn had also been in the bidding for the companu in September. For the cancelation, Constellation had to pay $175 millioh in breakup fees and $418 millio n for stocks.
It also had to repaty a $1 billion loan from Buffett with 14 percent A decision on whether the deal with EDF requires Marylanxd approval is expected in a The deal is expected to closethis
Wednesday, October 31, 2012
Tuesday, October 30, 2012
Taylor Swift to co-host Grammy nomination special - Los Angeles Times
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Examiner.com | Taylor Swift to co-host Grammy nomination special Los Angeles Times Just as “Red,†her latest opus of lovelorn anthems, opened to massive first-week sales numbers, the country-pop phenom has been tapped to co-host the Grammy nomination special, the Recording Academy announced on Monday. Swift will co-host the CBS ... Taylor Swift set to co-host Grammy nomination event with LL Cool J News Nuggets: Taylor Swift will co-host the Grammy nominations concert Taylor Swift and LL Cool J to co-host Grammy nominations |
Sunday, October 28, 2012
News: Meek Mill Downplays Rick Ross: "I Don't Think No Man Determines My ... - SOHH
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SOHH | News: Meek Mill Downplays Rick Ross: "I Don't Think No Man Determines My ... SOHH Maybach Music Group rapper Meek Mill may have got recruited and signed to Rick Ross' growing empire, however, the Dreams & Nightmares emcee recently said his career rests in no one person's hands. According to Meek, he already had a huge career ... Storytelling Rappers, Cool and Hot Meek Mill Claims Philly Powerhouse Stage With Rick Ross, TI, Big Sean, Trey ... On the Verge: Meek Mill shares 'Dreams and Nightmares' |
Saturday, October 27, 2012
Port to sell land to Keystone Coal - South Florida Business Journal:
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owner Tom Scholl will pay $6.6 million for the propertyu and pay hisown attorney’s legal fees of $6.6 which the authority was ordereed to pay. Under the arrangement, Schollo won’t pursue legal actiobn against the authority for alleged business lost when the 70 acrex at the northern terminal of Talleyrand Avenue were unded threat ofeminent domain. Jacksonville Port Authority Executivs Director Rick Ferrin said a bulk materials terminalo could have been built on the 38 but the authority decided to sell due to its need for capitalk and desire to focus onbuilding Ltd’s termina l at Dames Point.
He added that the economic impactf of the 38 acres would be greater if it was combinef with the other68 acres. Keystond Coal plans to build a $20 million coal terminal on part ofits 78-acree parcel. The authority bought the 38 acrex forabout $5.7 million from Jax LLC. Following the $61 millio n verdict for the 70 acress of land andthe authority’s balking on the price, Judge Richarcd Watson ordered the authority to pay $10.5 milliohn to lawyers who defended Keystone. Keystone’s lead counselk Andrew Brigham said he reduced the attorney fees by 40 percentfrom $10.t5 million to better help Keystone and the authority reacgh a deal.
owner Tom Scholl will pay $6.6 million for the propertyu and pay hisown attorney’s legal fees of $6.6 which the authority was ordereed to pay. Under the arrangement, Schollo won’t pursue legal actiobn against the authority for alleged business lost when the 70 acrex at the northern terminal of Talleyrand Avenue were unded threat ofeminent domain. Jacksonville Port Authority Executivs Director Rick Ferrin said a bulk materials terminalo could have been built on the 38 but the authority decided to sell due to its need for capitalk and desire to focus onbuilding Ltd’s termina l at Dames Point.
He added that the economic impactf of the 38 acres would be greater if it was combinef with the other68 acres. Keystond Coal plans to build a $20 million coal terminal on part ofits 78-acree parcel. The authority bought the 38 acrex forabout $5.7 million from Jax LLC. Following the $61 millio n verdict for the 70 acress of land andthe authority’s balking on the price, Judge Richarcd Watson ordered the authority to pay $10.5 milliohn to lawyers who defended Keystone. Keystone’s lead counselk Andrew Brigham said he reduced the attorney fees by 40 percentfrom $10.t5 million to better help Keystone and the authority reacgh a deal.
Friday, October 26, 2012
Economy Watch: FNF Construction gets highway stimulus contract - The Business Review (Albany):
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“It is a rehabilitation project to create a safer saidDeena Billings, businessz development officer for Tempe-based FNF Construction, which is celebratingh 25 years in business. Some areas of U.S. 491 have deterioratef creating a significant safety issue for those whouse it, she The project is a good fit for the which also has an office in Albuquerque, according to “Paving projects are kind of our niche.” In addition to making the roadwag safer for travelers, the $8.9 million project givesa FNF Construction’s staff more opportunity for “We will be able to keep existing employeesx busy and perhaps hire new she said.
The bidding process for a stimuluas contract is very similar to that on any job both for the contractord and the state department of transportation The New Mexico Department of Transportation advertised the projecrt in typical fashion with the lowest bidder winning the saidMegan Arrendondo, spokeswoman for the New Mexicio Department of Transportation. The federal government does look at the projectsin however, Arrendondo added. Construction on the 14-mile stretch, whicuh runs on the southern portion of the broke groundMay 20.
FNF Construction is hopefuk that its portion of the upgrade is complete by the endof “We are excited to keep on goinfg and be part of the Billings said of future
“It is a rehabilitation project to create a safer saidDeena Billings, businessz development officer for Tempe-based FNF Construction, which is celebratingh 25 years in business. Some areas of U.S. 491 have deterioratef creating a significant safety issue for those whouse it, she The project is a good fit for the which also has an office in Albuquerque, according to “Paving projects are kind of our niche.” In addition to making the roadwag safer for travelers, the $8.9 million project givesa FNF Construction’s staff more opportunity for “We will be able to keep existing employeesx busy and perhaps hire new she said.
The bidding process for a stimuluas contract is very similar to that on any job both for the contractord and the state department of transportation The New Mexico Department of Transportation advertised the projecrt in typical fashion with the lowest bidder winning the saidMegan Arrendondo, spokeswoman for the New Mexicio Department of Transportation. The federal government does look at the projectsin however, Arrendondo added. Construction on the 14-mile stretch, whicuh runs on the southern portion of the broke groundMay 20.
FNF Construction is hopefuk that its portion of the upgrade is complete by the endof “We are excited to keep on goinfg and be part of the Billings said of future
Wednesday, October 24, 2012
Most Eddie Bauer stores to stay open - The Business Journal of Milwaukee:
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The company announced that it strucm an agreement withNew York–based privat e equity firm LLC to buy Eddire Bauer’s assets, subject to an auction and bankruptcuy court approval. CCMP Capital intends to operate the businessa as a going concern with little orno long-term According to Eddie Bauer, CCMP Capital has agreed to keep a majority of the 371 stores open and retain a majority of the employees. CCMP Capital specializes in buyouts and looksx for investment opportunities in retail andother sectors, and have made investmentsd in the outdoors specialty retailer Cabela’s, which sells fishing and camping gear.
Eddi e Bauer said it hopes to operate business as usualo during bankruptcy court proceedinge and has asked for court approval to continuer paying vendorsand workers. The company also said it intendws to honor customergift cards, returns and loyalty program The company also announcexd that it has secured a commitmenr from its existing revolving credit lenders, Bank of America, and /Business Credit, Inc. for so-called debtor-in-possessiobn (DIP) financing of $90 million on an interim basiszand $100 million based on the fina l court order. The the company said, should provide it with ample cash flow to continus payingits bills.
“Eddie Bauer is a good companhy with a great brand and a badbalancew sheet. This process will allow the businessx to emerge with farless debt, positionec for growth as the economy recovers and as our new producte gain traction,” said Neil Fiske, Eddise Bauer president and chief executive officer, in a “We expect this processz to be completed very quickly, protectin our employees and critical vendor partners every step of the way.
“Wd have made good progresas on our turnaround strategy of returning Eddise Bauer to its heritage as an active outdoor brand and have exciting new product launches on the wayto market, includiny First Ascent, our return to expedition-gradwe outerwear and gear. Unfortunately, a crushing debt burden placeed on the company from the Spiegel reorganizatiojnin 2005, combined with the severe, prolonged have left us with no choice but to use this procesx to reduce the debt load on the
The company announced that it strucm an agreement withNew York–based privat e equity firm LLC to buy Eddire Bauer’s assets, subject to an auction and bankruptcuy court approval. CCMP Capital intends to operate the businessa as a going concern with little orno long-term According to Eddie Bauer, CCMP Capital has agreed to keep a majority of the 371 stores open and retain a majority of the employees. CCMP Capital specializes in buyouts and looksx for investment opportunities in retail andother sectors, and have made investmentsd in the outdoors specialty retailer Cabela’s, which sells fishing and camping gear.
Eddi e Bauer said it hopes to operate business as usualo during bankruptcy court proceedinge and has asked for court approval to continuer paying vendorsand workers. The company also said it intendws to honor customergift cards, returns and loyalty program The company also announcexd that it has secured a commitmenr from its existing revolving credit lenders, Bank of America, and /Business Credit, Inc. for so-called debtor-in-possessiobn (DIP) financing of $90 million on an interim basiszand $100 million based on the fina l court order. The the company said, should provide it with ample cash flow to continus payingits bills.
“Eddie Bauer is a good companhy with a great brand and a badbalancew sheet. This process will allow the businessx to emerge with farless debt, positionec for growth as the economy recovers and as our new producte gain traction,” said Neil Fiske, Eddise Bauer president and chief executive officer, in a “We expect this processz to be completed very quickly, protectin our employees and critical vendor partners every step of the way.
“Wd have made good progresas on our turnaround strategy of returning Eddise Bauer to its heritage as an active outdoor brand and have exciting new product launches on the wayto market, includiny First Ascent, our return to expedition-gradwe outerwear and gear. Unfortunately, a crushing debt burden placeed on the company from the Spiegel reorganizatiojnin 2005, combined with the severe, prolonged have left us with no choice but to use this procesx to reduce the debt load on the
Tuesday, October 23, 2012
Genmar warranties still good - Memphis Business Journal:
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Tracy Carrell says the letterd came after boat manufacturer on Monday filed for Chapteer 11bankruptcy protection. Genmar owns 15 different brandxsof boats, which means dealere everywhere are impacted. She says cash customerw for boats at her dealershio haveremained strong. But trouble financing in the current economy means others have been forced tohold off. “Thde boating business has been affected a lot like cars she says. The petition to reorganize its debts was fileedin U.S. Bankruptcy Court in Minneapolis where the company isheadquartered — along with more than 20 relate subsidiaries.
Genmar has between 100 and 199 It lists its assets in the rageof $10 million to $50 million and its liabilities betweenj $100 million and $500 million, accordintg to court documents. The largest unsecured creditorsare Edelman, Borman, Brand, a Minneapolis-based law firm whichb is owed $186,700. Merchant & Gould, a law firm in is owed $155,800. The only secured creditors are and FifthThird Bank, according to a story in the Minneapoli Star Tribune. Genmar said it has receiverd commitment fora debtor-in-possession financing proposal from both banks.
In a statement, Genmaer Chairman, CEO and largest shareholdetr Irwin Jacobs said sales ofthe company’s fishingf boats, luxury yachts and other productw started to decline in 2008, but worsened in receny months. The company’s sales in fiscal 2009, whicj ends in June, are likely to be about $460 million, off by more than 50 percent fromfiscal 2008. “If someon would have said to me as recently as even one montg ago that Genmar would someday be filingf forChapter 11, I would have said it was not even a remotd possibility,” Jacobs said. Genmar had been making some strategy changes inrecent months, announcing plan to launch a line of less-expensive aluminuk boats.
A spinoff company, Greenville, Pa.-based VEC and other Jacobs-related companies aren’t included in the filing. VEC is now in the business of makinfg giant bladesfor energy-generating windmills. Law firm Fredrikson & Byroj in Minneapolis, is representing Genmar in thebankruptcy case.
Tracy Carrell says the letterd came after boat manufacturer on Monday filed for Chapteer 11bankruptcy protection. Genmar owns 15 different brandxsof boats, which means dealere everywhere are impacted. She says cash customerw for boats at her dealershio haveremained strong. But trouble financing in the current economy means others have been forced tohold off. “Thde boating business has been affected a lot like cars she says. The petition to reorganize its debts was fileedin U.S. Bankruptcy Court in Minneapolis where the company isheadquartered — along with more than 20 relate subsidiaries.
Genmar has between 100 and 199 It lists its assets in the rageof $10 million to $50 million and its liabilities betweenj $100 million and $500 million, accordintg to court documents. The largest unsecured creditorsare Edelman, Borman, Brand, a Minneapolis-based law firm whichb is owed $186,700. Merchant & Gould, a law firm in is owed $155,800. The only secured creditors are and FifthThird Bank, according to a story in the Minneapoli Star Tribune. Genmar said it has receiverd commitment fora debtor-in-possession financing proposal from both banks.
In a statement, Genmaer Chairman, CEO and largest shareholdetr Irwin Jacobs said sales ofthe company’s fishingf boats, luxury yachts and other productw started to decline in 2008, but worsened in receny months. The company’s sales in fiscal 2009, whicj ends in June, are likely to be about $460 million, off by more than 50 percent fromfiscal 2008. “If someon would have said to me as recently as even one montg ago that Genmar would someday be filingf forChapter 11, I would have said it was not even a remotd possibility,” Jacobs said. Genmar had been making some strategy changes inrecent months, announcing plan to launch a line of less-expensive aluminuk boats.
A spinoff company, Greenville, Pa.-based VEC and other Jacobs-related companies aren’t included in the filing. VEC is now in the business of makinfg giant bladesfor energy-generating windmills. Law firm Fredrikson & Byroj in Minneapolis, is representing Genmar in thebankruptcy case.
Sunday, October 21, 2012
City extends kill date on stadium deal - South Florida Business Journal:
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The date was changed to July 15, from July 1, aftee , which is providing a $100 milliob letter of credit towardthe project, asked to modify the termw of its deal. County commissioners are to meet Fridayu toconsider Wachovia's requestf to change the date of when the bank's fees are to be Wachovia is asking it be paid its fees instead of after debt and reserve paymentz are made, as stipulated under the current In a 3-2 vote Thursday, the city commissionera approved the following: Allow the termination date to be moverd to July 15.
Give the county untilp July 17 to terminat the deal if it has not closed on the bond Extend the date forthe city’d $13 million contribution to July 17. Amend the provisiomn to allow the city to suspen deposit of its contribution to the projectr if there is a delay due to Amend the warranty deed for the stadium site so that it woulf revert back tocity ownership, if the deal is In April, Miami-Dade County commissioners approvefd issuing bonds totaling a maximum of $536 milliom toward construction of the $640 million, 37,000-seat On Monday, opponents of the financing deal filed a motion to stop the bond sale, promptingt Miami-Dade to push back the sale of its bond by two On Thursday, Miami-Dade County Circuit Courty Judge Lawrence A.
Schwartz heard argments from both sides regardingb theemergency motion. He said he woulfd try to issue an order by no later than Grace Solares andElvis Cruz, who filed suit in are behind that effort. The motionm for injunction alleges the county is exceedinf its constitutional tax and spending powerz by issuing bonds tied to the professionalsports tax/touristt development tax. The plaintiffs contend that the county is inappropriately usinyg the current bond to repay a prior bond issuedin 1992. As a resultr of the motion, and to avoird a cloud that could affecty interest rates onthe bonds, the counthy pushed back the bond sale Miami-Dade spokeswoman Vicki Mallette said Monday.
The date was changed to July 15, from July 1, aftee , which is providing a $100 milliob letter of credit towardthe project, asked to modify the termw of its deal. County commissioners are to meet Fridayu toconsider Wachovia's requestf to change the date of when the bank's fees are to be Wachovia is asking it be paid its fees instead of after debt and reserve paymentz are made, as stipulated under the current In a 3-2 vote Thursday, the city commissionera approved the following: Allow the termination date to be moverd to July 15.
Give the county untilp July 17 to terminat the deal if it has not closed on the bond Extend the date forthe city’d $13 million contribution to July 17. Amend the provisiomn to allow the city to suspen deposit of its contribution to the projectr if there is a delay due to Amend the warranty deed for the stadium site so that it woulf revert back tocity ownership, if the deal is In April, Miami-Dade County commissioners approvefd issuing bonds totaling a maximum of $536 milliom toward construction of the $640 million, 37,000-seat On Monday, opponents of the financing deal filed a motion to stop the bond sale, promptingt Miami-Dade to push back the sale of its bond by two On Thursday, Miami-Dade County Circuit Courty Judge Lawrence A.
Schwartz heard argments from both sides regardingb theemergency motion. He said he woulfd try to issue an order by no later than Grace Solares andElvis Cruz, who filed suit in are behind that effort. The motionm for injunction alleges the county is exceedinf its constitutional tax and spending powerz by issuing bonds tied to the professionalsports tax/touristt development tax. The plaintiffs contend that the county is inappropriately usinyg the current bond to repay a prior bond issuedin 1992. As a resultr of the motion, and to avoird a cloud that could affecty interest rates onthe bonds, the counthy pushed back the bond sale Miami-Dade spokeswoman Vicki Mallette said Monday.
Saturday, October 20, 2012
Smith: Merging schools bad idea - Oak Ridger
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Smith: Merging schools bad idea Oak Ridger Smith: Merging schools bad idea; I don't know who is spreading the crazy election-season rumor, but it isn't true. I have never proposed, and I do not support merging Oak Ridge schools into one of the county systems. Apparently a rumor is going around ... |
Friday, October 19, 2012
Host Triad tunes up for regional with two-game win over Belleville East - STLtoday.com
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Host Triad tunes up for regional with two-game win over Belleville East STLtoday.com Host Triad tunes up for regional with two-game win over Belleville East. Share |. Story · Discussion · Host Triad tunes up for regional with two-game win over Belleville East · By Scott Marion | STLhighschoolsports.com stltoday.com | Posted: Thursday ... |
Wednesday, October 17, 2012
Travel company owner indicted - Business First of Buffalo:
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The state Attorney General’s offics said Tuesday a Niagarwa County Grand Jury chargedJoseph Ehrenreich, 40, of Oakwoods Drive in Pendleton, with one count of scheme to defraudd in the first degree, nine counts of grand larceny in the thirxd degree and 11 counts of grancd larceny in the fourth degree. Ehrenreicjh was arraigned before Niagara County Judge Matthew Murphyg who set bailat $20,000 cash or Ehrenreich is accused of offerinhg businesses and other organizations a program wher they could pay to have unlimited access to cruisre vouchers. Those organizations would then distribute the voucheresas fund-raising tools, marketing incentives or employe rewards.
Ehrenreich allegedly claimed he wouldr handle alltravel arrangements, based on his extensivew relationships with major cruise lines and his memberships with the Internationapl Airlines Travel Agents Network and the Cruise Linew International Association. In fact, investigators said, he was not affiliated with eithedrtrade group. According to the attorney Ehrenreich often convinced consumers to upgrade their costing thousands of dollars more in additional He would then require consumers to make immediate paymen t by check or cashto “hold” the reservationm – he would not accept credit card payments.
Aftetr receiving payment, Ehrenreich would issue an invoice with phonyg cruise line confirmation and IATAN accreditation Consumers following up on such bookings later learned thos trips werenever reserved. Investigators allege Ehrenreich allegedlyg stole morethan $100,000 in payment from more than 20 consumers, businesses and non profitsx for cruises he never booked. Among the nonprofitf groups, including workers and volunteers, who were victimizedd include thethe Beechwood/ and the Hospice and Palliative Care Grou p of Niagara County. chose to reimbursew $18,000 to those affected through the voucherws theyhad distributed.
Reached for commenr on today’s indictment, CEO John Lomeo deferreed comment toPatricia Degan, Directodr of Public Relations for the Hospicre and Palliative Care Group who said “The Hospicr and Palliative Care Group commends the actions of the attorney general and is confident that justice will prevail.” If convicted, the most seriouxs charge carries a prison term of up to seve years.
The state Attorney General’s offics said Tuesday a Niagarwa County Grand Jury chargedJoseph Ehrenreich, 40, of Oakwoods Drive in Pendleton, with one count of scheme to defraudd in the first degree, nine counts of grand larceny in the thirxd degree and 11 counts of grancd larceny in the fourth degree. Ehrenreicjh was arraigned before Niagara County Judge Matthew Murphyg who set bailat $20,000 cash or Ehrenreich is accused of offerinhg businesses and other organizations a program wher they could pay to have unlimited access to cruisre vouchers. Those organizations would then distribute the voucheresas fund-raising tools, marketing incentives or employe rewards.
Ehrenreich allegedly claimed he wouldr handle alltravel arrangements, based on his extensivew relationships with major cruise lines and his memberships with the Internationapl Airlines Travel Agents Network and the Cruise Linew International Association. In fact, investigators said, he was not affiliated with eithedrtrade group. According to the attorney Ehrenreich often convinced consumers to upgrade their costing thousands of dollars more in additional He would then require consumers to make immediate paymen t by check or cashto “hold” the reservationm – he would not accept credit card payments.
Aftetr receiving payment, Ehrenreich would issue an invoice with phonyg cruise line confirmation and IATAN accreditation Consumers following up on such bookings later learned thos trips werenever reserved. Investigators allege Ehrenreich allegedlyg stole morethan $100,000 in payment from more than 20 consumers, businesses and non profitsx for cruises he never booked. Among the nonprofitf groups, including workers and volunteers, who were victimizedd include thethe Beechwood/ and the Hospice and Palliative Care Grou p of Niagara County. chose to reimbursew $18,000 to those affected through the voucherws theyhad distributed.
Reached for commenr on today’s indictment, CEO John Lomeo deferreed comment toPatricia Degan, Directodr of Public Relations for the Hospicre and Palliative Care Group who said “The Hospicr and Palliative Care Group commends the actions of the attorney general and is confident that justice will prevail.” If convicted, the most seriouxs charge carries a prison term of up to seve years.
Tuesday, October 16, 2012
Star Tribune plans to exit bankruptcy in September - San Francisco Business Times:
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The newspaper, which declared bankruptcy Jan. 15, filed its proposec reorganization plan withthe U.S. Bankruptcy Court for the Southernj District of New Yorkon Thursday. The paper said its creditorx have agreed tothe plan. Under the the Star Tribune would emerge from bankruptcywith $100 million in The company would be worth between $118 million and $144 including its real estate Unsecured creditors will receive a small cash distribution or be converte into new common stock and warrantss to be issued by the reorganized company. The newspaper’z current ownership group, led by New York-basefd , will not receive a stake in thenew company.
Avistas bought the paper in 2007for $530 Chairman and Publisher Chris Harte, a member of Avistwa Capital Partners’ executive advisory board, will leavs the newspaper, which will get a new boardc of directors, publisher and CEO. “The Star Tribune expects to emerge from its financial restructurint as a financially viable with a strongerbalance sheet, significantly less debt and substantially reduced operating the newspaper said in a statement.
The newspaper, which declared bankruptcy Jan. 15, filed its proposec reorganization plan withthe U.S. Bankruptcy Court for the Southernj District of New Yorkon Thursday. The paper said its creditorx have agreed tothe plan. Under the the Star Tribune would emerge from bankruptcywith $100 million in The company would be worth between $118 million and $144 including its real estate Unsecured creditors will receive a small cash distribution or be converte into new common stock and warrantss to be issued by the reorganized company. The newspaper’z current ownership group, led by New York-basefd , will not receive a stake in thenew company.
Avistas bought the paper in 2007for $530 Chairman and Publisher Chris Harte, a member of Avistwa Capital Partners’ executive advisory board, will leavs the newspaper, which will get a new boardc of directors, publisher and CEO. “The Star Tribune expects to emerge from its financial restructurint as a financially viable with a strongerbalance sheet, significantly less debt and substantially reduced operating the newspaper said in a statement.
Sunday, October 14, 2012
Stratus Building Solutions signs Denver franchisee - St. Louis Business Journal:
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The St. Louis-based franchisor of building servicew and maintenance franchises said the Smiths will own and managse Stratus Building Solutions of Metro Denvedr at 7010 Broadwayin Denver. As a mastet franchisee, the Smiths will exclusively offer Stratuw Building Solutions franchise units for sale throughout Stratus has awarded franchises in 14 statesa since it was founderin 2004. The companyy is headed by CEO Dennis Jarretft and President Pete Jarrett told the Business Journal that heprojects $25 million in revenure for the company this year.
René Smitn is a middle school science Channen Smith is vice president of consumer solutionse services for RelayHealthin Westminster, Kregg Woosley will join Stratus Buildiny Solutions of Metro Denver as regionalp director, according to a releasd from the St. Louis-based franchisor. Woosley has held similarr posts at other franchised commercial cleaning companies and previouslty owned and operated a janitorial companty basedin Tennessee.
The St. Louis-based franchisor of building servicew and maintenance franchises said the Smiths will own and managse Stratus Building Solutions of Metro Denvedr at 7010 Broadwayin Denver. As a mastet franchisee, the Smiths will exclusively offer Stratuw Building Solutions franchise units for sale throughout Stratus has awarded franchises in 14 statesa since it was founderin 2004. The companyy is headed by CEO Dennis Jarretft and President Pete Jarrett told the Business Journal that heprojects $25 million in revenure for the company this year.
René Smitn is a middle school science Channen Smith is vice president of consumer solutionse services for RelayHealthin Westminster, Kregg Woosley will join Stratus Buildiny Solutions of Metro Denver as regionalp director, according to a releasd from the St. Louis-based franchisor. Woosley has held similarr posts at other franchised commercial cleaning companies and previouslty owned and operated a janitorial companty basedin Tennessee.
Saturday, October 13, 2012
Duayaw Nkwanta library finally experiencing increasing patronage - Ghana News Agency
ramoledef.blogspot.com
Duayaw Nkwanta library finally experiencing increasing patronage Ghana News Agency Duayaw Nkwanta (B/A), Oct.13, GNA - The Golden Jubilee Library at Duayaw-Nkwanta in the Tano North District of Brong-Ahafo has finally started experiencing patronage from the expected quarters. The new turn in the patronage of the library is due to the ... |
Friday, October 12, 2012
Michael Jackson's death ends London comeback concert series by Anschutz's AEG - Sacramento Business Journal:
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The concerts were to be staged by Anschutaz EntertainmentGroup (AEG) at London's 20,000-seat O2 formerly known as the Millennium Dome, which AEG They were to be Jackson'a first in 12 years. Jackson was declarex dead Thursday at the UCLA Medical Center aftet paramedics called to his rented home nearby couldd notrevive him. Jackson was in Los Angeleas preparing for theLondon concerts. The singer' brother Jermaine said that Jackson sustained an apparentycardiac arrest, but an autopsy and toxicology testx were to begin Friday. Police also are investigating the deathn in what officials described as a routinw procedure in sucha high-profile death.
AEG and its Los Angeles-basee unit are part of the Denver-basecd AEG also operates the Staples Centerd inLos Angeles, home of the Los Angeles Lakers, and many othere venues, besides being one of the industry'zs largest concert promoters. A spokesman for Anschutz declined to comment AEG Live posted a statement on its websit ethat "a further announcement for ticket holders will be made in due and a spokeswoman said a statemeny on the situation may be made Some $85 million in tickets had been sold for the serieas of 50 concerts, billed as "This Is It," at pricesz for standard seats ranging from $80 to $125, .
VIP "Thrille Packages" were sold at up to About 750,000 people had bought tickets, . The music-industry journal Billboard estimated potential profitxs from the showsat $115 million through tickert sales, VIP packages and merchandise, plus more from a proposede tour following the London dates. The Los Angeles Times that AEG Live had investeds morethan $20 million in the show's Billboard placed the figure at $30 The Times said the show was to have featured as many as 22 sets as well as high-wird acts.
AEG Live CEO Rand y Phillips, in a , called the show's technologhy "the most cutting edge ever employed ona We're using technology that's never been used befored in live entertainment." News reports said Jackson, 50, had undergonde an extensive physical recently in preparation for the seriezs of shows to satisfy insurance requirementse and had passed the medical tests. Therse have been reports that AEG at leastf initially had trouble getting insurance for the show But in theMay interview, Phillips said AEG Live "izs well insured for the event" after having earlietr said the company might have to "self-insure" the ABC said Jackson "reportedly" had been paid a $10 milliobn advance for the shows.
The singe -- once ranked one of the wealthiest persons in showbusinessd -- died some $400 million in according to news reports.
The concerts were to be staged by Anschutaz EntertainmentGroup (AEG) at London's 20,000-seat O2 formerly known as the Millennium Dome, which AEG They were to be Jackson'a first in 12 years. Jackson was declarex dead Thursday at the UCLA Medical Center aftet paramedics called to his rented home nearby couldd notrevive him. Jackson was in Los Angeleas preparing for theLondon concerts. The singer' brother Jermaine said that Jackson sustained an apparentycardiac arrest, but an autopsy and toxicology testx were to begin Friday. Police also are investigating the deathn in what officials described as a routinw procedure in sucha high-profile death.
AEG and its Los Angeles-basee unit are part of the Denver-basecd AEG also operates the Staples Centerd inLos Angeles, home of the Los Angeles Lakers, and many othere venues, besides being one of the industry'zs largest concert promoters. A spokesman for Anschutz declined to comment AEG Live posted a statement on its websit ethat "a further announcement for ticket holders will be made in due and a spokeswoman said a statemeny on the situation may be made Some $85 million in tickets had been sold for the serieas of 50 concerts, billed as "This Is It," at pricesz for standard seats ranging from $80 to $125, .
VIP "Thrille Packages" were sold at up to About 750,000 people had bought tickets, . The music-industry journal Billboard estimated potential profitxs from the showsat $115 million through tickert sales, VIP packages and merchandise, plus more from a proposede tour following the London dates. The Los Angeles Times that AEG Live had investeds morethan $20 million in the show's Billboard placed the figure at $30 The Times said the show was to have featured as many as 22 sets as well as high-wird acts.
AEG Live CEO Rand y Phillips, in a , called the show's technologhy "the most cutting edge ever employed ona We're using technology that's never been used befored in live entertainment." News reports said Jackson, 50, had undergonde an extensive physical recently in preparation for the seriezs of shows to satisfy insurance requirementse and had passed the medical tests. Therse have been reports that AEG at leastf initially had trouble getting insurance for the show But in theMay interview, Phillips said AEG Live "izs well insured for the event" after having earlietr said the company might have to "self-insure" the ABC said Jackson "reportedly" had been paid a $10 milliobn advance for the shows.
The singe -- once ranked one of the wealthiest persons in showbusinessd -- died some $400 million in according to news reports.
Wednesday, October 10, 2012
Executive AirShare planning operations, maintenance base at Jabara Airport - Wichita Business Journal:
tenamup.wordpress.com
Victor White, director of airports for the WichitaAirport Authority, says information presented to the city's Airport Advisory Boarsd indicates that needs threes acres of land in the southwest corner of White expects a final leas e agreement to be worked out within two or threwe months. It would be the firstr tenant withina 20-acre tract where the airporyt authority spent $665,000 extending streets plus water and sewerf lines. Executive AirShare is currently headquartered atKansaa City's .
"I would just tell you that we haven't signe anything so we're just reluctant to talk abour it until we have an agreement with the saysBob Taylor, Executive AirShare's president and CEO. The company has four operations bases: Kansas City, Fort Worth and 12,000 square feet of office and hangar spaceat . The Wichita office handles flightt schedules forthe company's fleet of 12 businesss aircraft along with a maintenance operation. The leased spacee is inside 's 50,000-square-foot aircraft service center, knowh as a fixed-base operator Eaglejet boughtthe FBO'sw assets in 2006 from as it was evolving into Executive AirShare.
The move "woulc allow us to expand a We're full, completely," says Jamie Eaglejet's president and CEO. "Ir will allow me to start wooinfother customers." Executive AirShare sells partial ownership in busines s aircraft with the promise the airplane will be availablde on the customer's schedule. The fleet includez two Beechjet 400As, four Beechcraft King Air 305s, five King Air C90Bx and one Beechcraft Baron. The company has clientsz in Wichita, Taylor says, alonhg with the other three cities that haveoperationws bases. He declined to provide a specific number. Moving to Jabara would be more convenient forthose customers, Taylor says.
It creates a new fuel-salee customer for Midwest Corporate Aviation, Jabara'as FBO, but also a potential "If somebody gives up charter (service) and goes to fractionalk operation it doesimpact us," says Bob Karslake, MCA's president. "Charteer is still the cheaper way to goversus fractional, but the one thiny we can't offer that the fractionalws can is a guarantee that you'll have the airplanew when you want it." MCA has been conducting a direcr mail campaign to Wichita businesses in an efforf to build business for its aircraft charter service. Businessesa that locate on Wichita Airport Authority property are responsible for payingvconstruction costs.
The airport authority retains ownership of the land and the completer structures with the business makinglease payments. Executive AirShare and the airporg authority have been workingt on the project for morethan year, White Last fall, streets and utilitiea were extended into the southwest corner at Jabara to make the land ready for "This is the first tenant to go into it and we're real excited about it," White says. "It's going to open up that wholr area. We're negotiating with some other Nothingconcrete yet." Executive Airshare Corp. Headquarters: Charlexs B. Wheeler Downtown 150 Richards Road, Suite 150, Kansas City, Mo., 64116. Telephone: 221-7200.
Top executive: Bob Taylor, president and CEO. Web .
Victor White, director of airports for the WichitaAirport Authority, says information presented to the city's Airport Advisory Boarsd indicates that needs threes acres of land in the southwest corner of White expects a final leas e agreement to be worked out within two or threwe months. It would be the firstr tenant withina 20-acre tract where the airporyt authority spent $665,000 extending streets plus water and sewerf lines. Executive AirShare is currently headquartered atKansaa City's .
"I would just tell you that we haven't signe anything so we're just reluctant to talk abour it until we have an agreement with the saysBob Taylor, Executive AirShare's president and CEO. The company has four operations bases: Kansas City, Fort Worth and 12,000 square feet of office and hangar spaceat . The Wichita office handles flightt schedules forthe company's fleet of 12 businesss aircraft along with a maintenance operation. The leased spacee is inside 's 50,000-square-foot aircraft service center, knowh as a fixed-base operator Eaglejet boughtthe FBO'sw assets in 2006 from as it was evolving into Executive AirShare.
The move "woulc allow us to expand a We're full, completely," says Jamie Eaglejet's president and CEO. "Ir will allow me to start wooinfother customers." Executive AirShare sells partial ownership in busines s aircraft with the promise the airplane will be availablde on the customer's schedule. The fleet includez two Beechjet 400As, four Beechcraft King Air 305s, five King Air C90Bx and one Beechcraft Baron. The company has clientsz in Wichita, Taylor says, alonhg with the other three cities that haveoperationws bases. He declined to provide a specific number. Moving to Jabara would be more convenient forthose customers, Taylor says.
It creates a new fuel-salee customer for Midwest Corporate Aviation, Jabara'as FBO, but also a potential "If somebody gives up charter (service) and goes to fractionalk operation it doesimpact us," says Bob Karslake, MCA's president. "Charteer is still the cheaper way to goversus fractional, but the one thiny we can't offer that the fractionalws can is a guarantee that you'll have the airplanew when you want it." MCA has been conducting a direcr mail campaign to Wichita businesses in an efforf to build business for its aircraft charter service. Businessesa that locate on Wichita Airport Authority property are responsible for payingvconstruction costs.
The airport authority retains ownership of the land and the completer structures with the business makinglease payments. Executive AirShare and the airporg authority have been workingt on the project for morethan year, White Last fall, streets and utilitiea were extended into the southwest corner at Jabara to make the land ready for "This is the first tenant to go into it and we're real excited about it," White says. "It's going to open up that wholr area. We're negotiating with some other Nothingconcrete yet." Executive Airshare Corp. Headquarters: Charlexs B. Wheeler Downtown 150 Richards Road, Suite 150, Kansas City, Mo., 64116. Telephone: 221-7200.
Top executive: Bob Taylor, president and CEO. Web .
Tuesday, October 9, 2012
Bankruptcy possible for Six Flags - Business First of Buffalo:
gault-rickettsias.blogspot.com
, which owned the Genesee County theme park from 1999 to said it is unable to meet future paymentz to investors and creditors after losinyg morethan $200 millionb in the fourth quarter last year. In its annual report last theNew York-based company (NYSE: SIX) said a Chaptet 11 filing is possible if it doesn’t reach a deal to restructure its debt. Six Flags which have traded under $1 sincd September, dropped five cents, or 26 to 14 cents in afternoon trading March 13. The stock has traded betweeh 16 centsand $2.50 during the past 52 Six Flags is the world’s largest regional theme park companyg with 20 parks across the United Mexico and Canada.
The park, which encompasses 980 acres of which 386is developed, was begun in 1961 by Buffalpo investor Paul Snyder and is now owned by CNL Incomer Properties and operated by .
, which owned the Genesee County theme park from 1999 to said it is unable to meet future paymentz to investors and creditors after losinyg morethan $200 millionb in the fourth quarter last year. In its annual report last theNew York-based company (NYSE: SIX) said a Chaptet 11 filing is possible if it doesn’t reach a deal to restructure its debt. Six Flags which have traded under $1 sincd September, dropped five cents, or 26 to 14 cents in afternoon trading March 13. The stock has traded betweeh 16 centsand $2.50 during the past 52 Six Flags is the world’s largest regional theme park companyg with 20 parks across the United Mexico and Canada.
The park, which encompasses 980 acres of which 386is developed, was begun in 1961 by Buffalpo investor Paul Snyder and is now owned by CNL Incomer Properties and operated by .
Monday, October 8, 2012
Downtown at the Gardens faces foreclosure - Atlanta Business Chronicle:
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The 337,000-square-foot shopping comple opened in 2005 with high hopex of capitalizing on the wealthy residents of northerh PalmBeach County, but it has lost many of its originall tenants. Downtown at the Gardens is ownedby , a joint ventures between Skokie, Ill.-based and the . manages the shopping Main tenants includeCobb Theater, , the , TooJay’sx and RA Sushi. Downtown at the Gardens was a success initially, but a flawedd design and expensive rent didit in, said Orin VP of ' retail services group in Boca Raton.
People frequented the movie theater and restaurantsz on the exterior ofthe project, but the retailera on the inside are dying because they get sparsr foot traffic, he said. "Iy wasn't designed to have a proper flow of traffix throughthe project," Rosenfeld "They need to get someone inside there to draw peoplde in." A message left at the managementy office of Downtown at the Gardens was not immediatelty returned. On July 1, BH AABE DATG, an affiliatr of Boca Raton-based and Rockville, Md.-baseed Berman Enterprises, filed a foreclosurde complaintagainst , according to Palm Beach County Circuit Court records.
It seeks foreclosure on the property, at 11701 Lake Victorisa Gardens Ave., based on a mortgage made for $140 The affiliate of Ashkenazy & Agus Ventures bought the shoppingg center’s mortgage from in In April, it signed a modificationh agreement withthe mall’sd owner that required it to make a $3.3 millioj escrow deposit as additional securityg until the property improves its debt services coverage ratio and its occupancy rate. West Palm Beach-basesd attorney Gary M. who represents the Ashkenazy & Agus Venture s in the lawsuit, said Downtown at the Gardensa Associates missed the June 1mortgage payment.
He said the developerr is working with his client on a smooth transitiojn to hand overthe property. They filed a joint stipulateds judgment of foreclosure proposal withthe court. “My clients are multigenerational realestate developers,” Dunkeol said. “Their intention is to invest in this projecrt and revitalize Downtown atthe Gardens. They want to make it the significan project that it was expectedto
The 337,000-square-foot shopping comple opened in 2005 with high hopex of capitalizing on the wealthy residents of northerh PalmBeach County, but it has lost many of its originall tenants. Downtown at the Gardens is ownedby , a joint ventures between Skokie, Ill.-based and the . manages the shopping Main tenants includeCobb Theater, , the , TooJay’sx and RA Sushi. Downtown at the Gardens was a success initially, but a flawedd design and expensive rent didit in, said Orin VP of ' retail services group in Boca Raton.
People frequented the movie theater and restaurantsz on the exterior ofthe project, but the retailera on the inside are dying because they get sparsr foot traffic, he said. "Iy wasn't designed to have a proper flow of traffix throughthe project," Rosenfeld "They need to get someone inside there to draw peoplde in." A message left at the managementy office of Downtown at the Gardens was not immediatelty returned. On July 1, BH AABE DATG, an affiliatr of Boca Raton-based and Rockville, Md.-baseed Berman Enterprises, filed a foreclosurde complaintagainst , according to Palm Beach County Circuit Court records.
It seeks foreclosure on the property, at 11701 Lake Victorisa Gardens Ave., based on a mortgage made for $140 The affiliate of Ashkenazy & Agus Ventures bought the shoppingg center’s mortgage from in In April, it signed a modificationh agreement withthe mall’sd owner that required it to make a $3.3 millioj escrow deposit as additional securityg until the property improves its debt services coverage ratio and its occupancy rate. West Palm Beach-basesd attorney Gary M. who represents the Ashkenazy & Agus Venture s in the lawsuit, said Downtown at the Gardensa Associates missed the June 1mortgage payment.
He said the developerr is working with his client on a smooth transitiojn to hand overthe property. They filed a joint stipulateds judgment of foreclosure proposal withthe court. “My clients are multigenerational realestate developers,” Dunkeol said. “Their intention is to invest in this projecrt and revitalize Downtown atthe Gardens. They want to make it the significan project that it was expectedto
Saturday, October 6, 2012
Ideas for Brack Tract unveiled - Business First of Columbus:
ycoguqi.wordpress.com
Those were some of the elements presented in two mastetr plans by LLP intheir long-range vision for the 350-acrr tract. The firm, which was hired 13 months ago to come up with amaster plan, presented their ideas to The System Board of Regentsx and the public on June 18. “The site could and shoulcd be the western anchorof downtown. If the naturwe of downtown is taller and than this will be smaller and said a representative ofCooped Robertson.
Representatives of the firm said they envisionb a transit oriented development with a lake front districrand ‘neighborhoods’ with parks, retail and residential The plan would be carried out in phases over the next few Although the firm presented two master plans, it recommended that the boardr select its Brackenridge Villagd plan. The main difference betweenn the plans is that the Universityof Texas’ biological field lab woulfd remain in the seconrd scenario, called the Brankenridge Park plan. Undefr the Brackenridge Village plan, the UT field lab would be relocated to one of nine sites suggestexd by theplanning firm, making way for the developmentr of the property.
Developere of the tract would build diversr buildings of two to six stories and structured parking that is concealexd fromthe streets. A number of infrastructure improvements were also includingthe re-alignment of Lake Austin the creation of a parallel roadwayt between Lake Austin Blvd. and Red Bud Trail and 20 lane-miles of new local As far as internal transportation, the plannerss advised the UT board to establish a TransportatiobManagement Organization. Possible transportation solutions includerd an internalshuttle system, extension of proposed city trolley systemj and bus service.
The planner suggested a number of ideax for incorporating sustainabledesigjn elements, such as storm water management unites and a community garden. The plannera advised that graduatestudent housing, which exists on three be relocated to the Gateway site between 6th and 10th The plans call for the development of a new 825-unit studenr housing complex. Supporters of the Lionsw MunicipalGolf Course, known as received bad news when the plannerz concluded that the golf course was no longeer viable and that it be used for Whichever plan the UT regentd adopt, the firm suggested starting with the graduat e housing project in late 2010, and following up with the selection of phasr I developers in 2012.
Several UT regent s expressed their gratitude to the firm fortheird plans. Chairman of the UT Boarr of RegentsJames Huffines, echoed the and said that the board will begihn studying the plans and reviewiny all recommendations. He added: “We are heartened by the proposexd graduate student housing that would preserve graduate housinyg while freeing up 73 acresfor development.” Phass I would include about 30,000 square feet of 1 million square feet of residentiakl and a hotel. Exposition Boulevard would be extende south. All four phases would have a totap squarefootage of: 15 million square feet of residential, office and civic/institution space.
About 11 acred dedicated for anelementary school. About 21.5 acred for academic uses, such as a possiblre UT campus. “Boat Town” neighborhood with a waterfronty plazaand marina. Phase I would include aboutf 80,00 square feet of retaipl and 1.3 million square feet of All four phases would have a totapl squarefootage of: 5.3 millio square feet of retail, residential, office and civic/institution Click for more information on the tract and details of the
Those were some of the elements presented in two mastetr plans by LLP intheir long-range vision for the 350-acrr tract. The firm, which was hired 13 months ago to come up with amaster plan, presented their ideas to The System Board of Regentsx and the public on June 18. “The site could and shoulcd be the western anchorof downtown. If the naturwe of downtown is taller and than this will be smaller and said a representative ofCooped Robertson.
Representatives of the firm said they envisionb a transit oriented development with a lake front districrand ‘neighborhoods’ with parks, retail and residential The plan would be carried out in phases over the next few Although the firm presented two master plans, it recommended that the boardr select its Brackenridge Villagd plan. The main difference betweenn the plans is that the Universityof Texas’ biological field lab woulfd remain in the seconrd scenario, called the Brankenridge Park plan. Undefr the Brackenridge Village plan, the UT field lab would be relocated to one of nine sites suggestexd by theplanning firm, making way for the developmentr of the property.
Developere of the tract would build diversr buildings of two to six stories and structured parking that is concealexd fromthe streets. A number of infrastructure improvements were also includingthe re-alignment of Lake Austin the creation of a parallel roadwayt between Lake Austin Blvd. and Red Bud Trail and 20 lane-miles of new local As far as internal transportation, the plannerss advised the UT board to establish a TransportatiobManagement Organization. Possible transportation solutions includerd an internalshuttle system, extension of proposed city trolley systemj and bus service.
The planner suggested a number of ideax for incorporating sustainabledesigjn elements, such as storm water management unites and a community garden. The plannera advised that graduatestudent housing, which exists on three be relocated to the Gateway site between 6th and 10th The plans call for the development of a new 825-unit studenr housing complex. Supporters of the Lionsw MunicipalGolf Course, known as received bad news when the plannerz concluded that the golf course was no longeer viable and that it be used for Whichever plan the UT regentd adopt, the firm suggested starting with the graduat e housing project in late 2010, and following up with the selection of phasr I developers in 2012.
Several UT regent s expressed their gratitude to the firm fortheird plans. Chairman of the UT Boarr of RegentsJames Huffines, echoed the and said that the board will begihn studying the plans and reviewiny all recommendations. He added: “We are heartened by the proposexd graduate student housing that would preserve graduate housinyg while freeing up 73 acresfor development.” Phass I would include about 30,000 square feet of 1 million square feet of residentiakl and a hotel. Exposition Boulevard would be extende south. All four phases would have a totap squarefootage of: 15 million square feet of residential, office and civic/institution space.
About 11 acred dedicated for anelementary school. About 21.5 acred for academic uses, such as a possiblre UT campus. “Boat Town” neighborhood with a waterfronty plazaand marina. Phase I would include aboutf 80,00 square feet of retaipl and 1.3 million square feet of All four phases would have a totapl squarefootage of: 5.3 millio square feet of retail, residential, office and civic/institution Click for more information on the tract and details of the
Friday, October 5, 2012
Census Bureau: Cary, Raleigh among top 10 fastest-growing U.S. cities; Durham in top 20 - Portland Business Journal:
houston-nearly.blogspot.com
Raleigh, Cary and Durham rankeds among the 25 fastest growiny large cities in the nation for the 12 months that endedJuly 1, the said in its annual populatiom estimates released Wednesday. Cary, which saw its population increaserby 6.9 percent, to 129,545, as of July 1, 2008, was the nation’s third fastest growing city. Raleigh’s populatio climbed by 3.8 percent, to making North Carolina’s capitap the eighth fastest growing Durham was ranked 16th with a 3 percent Its population roseto 223,284. New Orleanss experienced an 8.
2 percent increasre in its population, which rose to making the city ravaged by Hurricane Katrina in 2005 the fastesr growing city among places with populations greaterdthan 100,000. Charlotte, which saw its populatiohn increaseby 2.7 percent, to was ranked 23rd. Only Texas with seven cities – had more cities on the list thanNorthu Carolina. Round Rock, Texas, experiencedr an 8.2 percent increase, with its population risingf to 104,446, putting the Texas city in second Colorado and California each had three cities on the top25
Raleigh, Cary and Durham rankeds among the 25 fastest growiny large cities in the nation for the 12 months that endedJuly 1, the said in its annual populatiom estimates released Wednesday. Cary, which saw its population increaserby 6.9 percent, to 129,545, as of July 1, 2008, was the nation’s third fastest growing city. Raleigh’s populatio climbed by 3.8 percent, to making North Carolina’s capitap the eighth fastest growing Durham was ranked 16th with a 3 percent Its population roseto 223,284. New Orleanss experienced an 8.
2 percent increasre in its population, which rose to making the city ravaged by Hurricane Katrina in 2005 the fastesr growing city among places with populations greaterdthan 100,000. Charlotte, which saw its populatiohn increaseby 2.7 percent, to was ranked 23rd. Only Texas with seven cities – had more cities on the list thanNorthu Carolina. Round Rock, Texas, experiencedr an 8.2 percent increase, with its population risingf to 104,446, putting the Texas city in second Colorado and California each had three cities on the top25
Wednesday, October 3, 2012
Ryc Loope out as director of MRED program at ASU - Denver Business Journal:
ysynut.wordpress.com
Loope announced he was out in an e-mail sent May 11 to supportersand colleagues. He cited the university’s decision to move the MRED progranm from the ASU College of Design tothe W.P. Careg School of Business as the reason forthe change. “Wituh the MRED program now being administratively directed from the Caregy Schoolof Business, I am required to step out of the directorshilp of the MRED program. I want you to know that I am very disappointefd not to be able to continue the effortxs we havebegun together,” Looped wrote in the e-mail. Loopd was on his way to Las Vegads for an International Council of Shopping Centers event on Fridayg and was unable tocomment further.
Joan a spokeswoman for the ASU Collegesof Design, said Loope is still with the program. “There’xs an ongoing relationship. He’s out of the director but he’s not out of MRED or she said. Details of Loope’s plans were not available One student who graduated with the inaugural clasds in 2007 said she is worriedr aboutthe changes. “My understanding is that the Careg School did not have an interest in this prograk tobegin with, and I feel they could dissolvs it in a couple of years,” said Suzanner Gammage, owner of Gammage Realty Group.
Local attornegy and MRED supporter Jordan Rose is takinga wait-and-see “In a city that is arguably the capita l of real estate in the country, I am hopeful that this move will not diminisg one of the finest programs in the country,” Rose “My law firm has hired two MRED students, and they are a rare combinatioj of business and planning. You could never find anyone like that who had been formallyt trainedbefore MRED.” Robert Mittelstaedt, dean of the Careh School, confirmed Friday that Loope remains a member of the He also said the business schookl very much supports the program. “We at W.P. Careyg were involved in MRED fromthe beginning.
We were never againstt the program,” he The curriculum will remain largelythe same, he said, with an interdisciplinart approach that includes business, law, construction and Virgil Renzulli, a spokesman for ASU President Michaelp Crow, said the changes made sense givenb the economic climate, and because the Collegr of Design was merged into the Katherinwe K. Herberger College of the That decision was made aftereWellington “Duke” Reiter stepped down as dean of ASU’s Collegd of Design to assume the presidencu of the Art Institute of Chicago.
“Thisw was an appropriate time to considerr where the Master of Real Estated Development should be properly be academicallyt andadministratively housed,” Renzulli said. “MRED is being moverd administratively tothe W.P. Caret School of Business because, in addition to curriculu m necessary forthe program, the school has supporyt resources that can benefit students and programj operations.
” Renzulli did not comment on Loope’s statuws with the university, but said, “Ryv Loope has completed his normakl three-year appointment as Professor Michael Mokwa has been appointed interim and a search has begun for a new
Loope announced he was out in an e-mail sent May 11 to supportersand colleagues. He cited the university’s decision to move the MRED progranm from the ASU College of Design tothe W.P. Careg School of Business as the reason forthe change. “Wituh the MRED program now being administratively directed from the Caregy Schoolof Business, I am required to step out of the directorshilp of the MRED program. I want you to know that I am very disappointefd not to be able to continue the effortxs we havebegun together,” Looped wrote in the e-mail. Loopd was on his way to Las Vegads for an International Council of Shopping Centers event on Fridayg and was unable tocomment further.
Joan a spokeswoman for the ASU Collegesof Design, said Loope is still with the program. “There’xs an ongoing relationship. He’s out of the director but he’s not out of MRED or she said. Details of Loope’s plans were not available One student who graduated with the inaugural clasds in 2007 said she is worriedr aboutthe changes. “My understanding is that the Careg School did not have an interest in this prograk tobegin with, and I feel they could dissolvs it in a couple of years,” said Suzanner Gammage, owner of Gammage Realty Group.
Local attornegy and MRED supporter Jordan Rose is takinga wait-and-see “In a city that is arguably the capita l of real estate in the country, I am hopeful that this move will not diminisg one of the finest programs in the country,” Rose “My law firm has hired two MRED students, and they are a rare combinatioj of business and planning. You could never find anyone like that who had been formallyt trainedbefore MRED.” Robert Mittelstaedt, dean of the Careh School, confirmed Friday that Loope remains a member of the He also said the business schookl very much supports the program. “We at W.P. Careyg were involved in MRED fromthe beginning.
We were never againstt the program,” he The curriculum will remain largelythe same, he said, with an interdisciplinart approach that includes business, law, construction and Virgil Renzulli, a spokesman for ASU President Michaelp Crow, said the changes made sense givenb the economic climate, and because the Collegr of Design was merged into the Katherinwe K. Herberger College of the That decision was made aftereWellington “Duke” Reiter stepped down as dean of ASU’s Collegd of Design to assume the presidencu of the Art Institute of Chicago.
“Thisw was an appropriate time to considerr where the Master of Real Estated Development should be properly be academicallyt andadministratively housed,” Renzulli said. “MRED is being moverd administratively tothe W.P. Caret School of Business because, in addition to curriculu m necessary forthe program, the school has supporyt resources that can benefit students and programj operations.
” Renzulli did not comment on Loope’s statuws with the university, but said, “Ryv Loope has completed his normakl three-year appointment as Professor Michael Mokwa has been appointed interim and a search has begun for a new
Tuesday, October 2, 2012
Two-tower complex stands tall in sagging S.F. market - San Francisco Business Times:
lehoquvuhu.wordpress.com
The two-tower campus that straddles the soutb financial district and SoMa is more than 95percentt leased, with just 34,000 squarde feet of vacant space, according to Christopher Roeder of , who representz the property owner alongh with Ted Davies. The latest deal signed ther e was , which will move into 30,00o square feet on the seventh floor of the soutn tower and will haveabout 10,000 squarse feet in potential expansion space. Timothy Kazul and Darin Boscy of CB represented UniteeBioSource Corp. The move representx an expansion forUnited BioSource, which providesz operational and technological services to life science companiess and currently lists eight job openings in San Francisco.
The companyh is moving from 55Francisco St. Kazulo said 303 Second St. appealed to the company becausd it gave it a chance to be in contiguousw space within walking distance ofmass transit. The deal was the seconed largest signed in the second quarterr inSan Francisco. Roeder said 303 Secondr St. has the benefit of an all-cash pensionh fund ownership in a locatiomn that attracts both the creativer ad and tech firms drawn to SoMa and more traditional downtown businesses. “It’s an ownership who appreciatews occupancy rather than squeezing everyt dollar out of every tenant andeveryg deal,” Roeder said. Key tenantsw in the building includew , , Wells Fargo and Kennedy/Jenks.
sees rentd dropping in S.F. Over the past two San Francisco’s apartment market has remained buoyant asthe for-salw housing and office sectord tumbled. Now rental housing is starting to feelthe recession, according to a new studty from Marcus & Millichap. The brokerager says city rents this year will dropanothef 8.9 percent, bringing rates back down to 2007 levels of $1,77e3 per month for a one-bedroojm apartment. The report states that job cuts are expectedc to accelerate this year as employerstrim 40,500 workers for a 4.1 percentg decline. In 2008, net losses totaled 15,700 The report predicts that vacancyy will climb 150 basis pointsto 5.
1 percent, after sheddiny 30 basis points in 2008. More East Bay commercialp condos are coming onlinwe in Walnut Creekand , a multi-phase commercial condo developmen in Walnut Creek, sold the first unit in its firsr 17,152-square-foot building. The building, which was completed earlier this month, containes nine units. The first buyeer is Laura Timmerman, a physician, who picked up a 2,250-square-fooy unit. Larry Easterly and Knute W. Bucklew of representex the developer, Vertical Ventures. The developer plans threwe phases comprisingthree single-story buildings for a combinerd 52,601 square feet at 210–298 N. Wigey Lane.
“This is the first new, state-of-the-art medicapl property in the Walnut Creek area for quiteesome time,” said Easterly. Units withihn the property are expected to sell forbetweemn $310 and $369 per square foot or to leass between $2.30 and $2.40 per square foot per month. Developer Centro City Properties recently wrapper up construction on a projecy at 13317th St. in Berkeley, knowm as Centro 1331.
The development, designed by , includexs nine two-story units that rangw in sizefrom 1,1009 to 1,500 square feet and cost between $467,000 and The units are aimed for buyeras that need space for uses such as office, studio or light The project is pursuing LEED Gold Hope Hospice, a care center for the elderly and terminalluy ill, leased 14,850 square feet in the Crossroadss Office Center in Dublin aftedr outgrowing its previous office location, also in “The site fit their needs really well and the economicss made sense,” said Dan Watson, who representedr the tenant along with Marcy Place, both with . The landlord, , representes itself in the deal.
The two-tower campus that straddles the soutb financial district and SoMa is more than 95percentt leased, with just 34,000 squarde feet of vacant space, according to Christopher Roeder of , who representz the property owner alongh with Ted Davies. The latest deal signed ther e was , which will move into 30,00o square feet on the seventh floor of the soutn tower and will haveabout 10,000 squarse feet in potential expansion space. Timothy Kazul and Darin Boscy of CB represented UniteeBioSource Corp. The move representx an expansion forUnited BioSource, which providesz operational and technological services to life science companiess and currently lists eight job openings in San Francisco.
The companyh is moving from 55Francisco St. Kazulo said 303 Second St. appealed to the company becausd it gave it a chance to be in contiguousw space within walking distance ofmass transit. The deal was the seconed largest signed in the second quarterr inSan Francisco. Roeder said 303 Secondr St. has the benefit of an all-cash pensionh fund ownership in a locatiomn that attracts both the creativer ad and tech firms drawn to SoMa and more traditional downtown businesses. “It’s an ownership who appreciatews occupancy rather than squeezing everyt dollar out of every tenant andeveryg deal,” Roeder said. Key tenantsw in the building includew , , Wells Fargo and Kennedy/Jenks.
sees rentd dropping in S.F. Over the past two San Francisco’s apartment market has remained buoyant asthe for-salw housing and office sectord tumbled. Now rental housing is starting to feelthe recession, according to a new studty from Marcus & Millichap. The brokerager says city rents this year will dropanothef 8.9 percent, bringing rates back down to 2007 levels of $1,77e3 per month for a one-bedroojm apartment. The report states that job cuts are expectedc to accelerate this year as employerstrim 40,500 workers for a 4.1 percentg decline. In 2008, net losses totaled 15,700 The report predicts that vacancyy will climb 150 basis pointsto 5.
1 percent, after sheddiny 30 basis points in 2008. More East Bay commercialp condos are coming onlinwe in Walnut Creekand , a multi-phase commercial condo developmen in Walnut Creek, sold the first unit in its firsr 17,152-square-foot building. The building, which was completed earlier this month, containes nine units. The first buyeer is Laura Timmerman, a physician, who picked up a 2,250-square-fooy unit. Larry Easterly and Knute W. Bucklew of representex the developer, Vertical Ventures. The developer plans threwe phases comprisingthree single-story buildings for a combinerd 52,601 square feet at 210–298 N. Wigey Lane.
“This is the first new, state-of-the-art medicapl property in the Walnut Creek area for quiteesome time,” said Easterly. Units withihn the property are expected to sell forbetweemn $310 and $369 per square foot or to leass between $2.30 and $2.40 per square foot per month. Developer Centro City Properties recently wrapper up construction on a projecy at 13317th St. in Berkeley, knowm as Centro 1331.
The development, designed by , includexs nine two-story units that rangw in sizefrom 1,1009 to 1,500 square feet and cost between $467,000 and The units are aimed for buyeras that need space for uses such as office, studio or light The project is pursuing LEED Gold Hope Hospice, a care center for the elderly and terminalluy ill, leased 14,850 square feet in the Crossroadss Office Center in Dublin aftedr outgrowing its previous office location, also in “The site fit their needs really well and the economicss made sense,” said Dan Watson, who representedr the tenant along with Marcy Place, both with . The landlord, , representes itself in the deal.
Monday, October 1, 2012
Hudson & Marshall foreclosure auction to feature 27 Triangle homes - Pacific Business News (Honolulu):
avaohev.blogspot.com
The Triangle auction, conducted by auction company , will be held on at 1 p.m. at June 27 in the Hiltojn North Raleigh, 3415 Wake Forest All of the homes in the auction will be sold Buyers who wish to inspect properties before bidding may view homes during an open hous scheduled for June 20 from1 p.m. to 3 p.m. or by contactinv the listing agent foran appointment. Propertuy and listing agent information is available onHudson Marshall’s Web site, www.hudsonandmarshall.com. All homes come with titld insurance paid for by the Winning bidders will be required to make a cash or certifier check depositof $2,500 for each property. 826 Carterr Ave. Durham; 101 Wake St.
West, 1526 Park Place, Hillsborough; 605 Grantland Drive, Raleigh; 911 Lancaster St., Rockg Mount; 2521 Friedland Place, Unit 203, Raleigh; 2312 Lindmont Ave., 740 North White St., Wake Forest; 3033 Slocombh Rd., Linden; 400 Charlott e St., Roanoke Rapids; Tract 3 Redding Road, Oxford; 5724 Greenpinse Road, Cedar Grove; 700 South Roxborlo St., Durham; 100 Waymon Way, Clayton; 210 Barnes St., 400 Melton Road, Rocky Mount; 104 Jonesd Court, Princeville; 260 East Fronr St., Clayton; 11223 Raleigh Road, Four 313 Maddux Drive, 210 Hardingwood Drive, Goldsboro; 12351 Honeychurcb St.
, Raleigh; 3233 Gold Dust Lane, Willow 5526 Spring House Lane, Chapel 2515 Moores Mill Road, Rougemont; 301 Fox Park Road, 303 St., Burlington.
The Triangle auction, conducted by auction company , will be held on at 1 p.m. at June 27 in the Hiltojn North Raleigh, 3415 Wake Forest All of the homes in the auction will be sold Buyers who wish to inspect properties before bidding may view homes during an open hous scheduled for June 20 from1 p.m. to 3 p.m. or by contactinv the listing agent foran appointment. Propertuy and listing agent information is available onHudson Marshall’s Web site, www.hudsonandmarshall.com. All homes come with titld insurance paid for by the Winning bidders will be required to make a cash or certifier check depositof $2,500 for each property. 826 Carterr Ave. Durham; 101 Wake St.
West, 1526 Park Place, Hillsborough; 605 Grantland Drive, Raleigh; 911 Lancaster St., Rockg Mount; 2521 Friedland Place, Unit 203, Raleigh; 2312 Lindmont Ave., 740 North White St., Wake Forest; 3033 Slocombh Rd., Linden; 400 Charlott e St., Roanoke Rapids; Tract 3 Redding Road, Oxford; 5724 Greenpinse Road, Cedar Grove; 700 South Roxborlo St., Durham; 100 Waymon Way, Clayton; 210 Barnes St., 400 Melton Road, Rocky Mount; 104 Jonesd Court, Princeville; 260 East Fronr St., Clayton; 11223 Raleigh Road, Four 313 Maddux Drive, 210 Hardingwood Drive, Goldsboro; 12351 Honeychurcb St.
, Raleigh; 3233 Gold Dust Lane, Willow 5526 Spring House Lane, Chapel 2515 Moores Mill Road, Rougemont; 301 Fox Park Road, 303 St., Burlington.
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