hustenuejib1630.blogspot.com
The overall industrial vacancy rate in Jacksonvillewas 8.5 percenyt in the first quarter, down from 8.8 percent during the fourthu quarter, according to a report by Grub b & Ellis/Phoenix Realty Group. Within the metro the Westside hada 2.3 percengt vacancy rate during the firsty quarter and the Northside 2.2 but the Southside rate was a noticeably higher 7.5 percent, Grubb & Elli s research showed. More space became available on the Southside because many developersx are doing projects in the growingsuburban area, said John an industrial broker with the commerciap real estate firm. But "there'sx no glut yet," he said.
"Thew Southside is always higher in but it's still very stable." Over the next several Richardson said, additional space also is expectex to become available on the Westsidde -- specifically at Westside Industrial Park and Perimeter West Industrial Park. The local market's industrial vacancy rate is abovre the national average of 7 percent but below other Southeasternj cities suchas Charlotte, N.C., at nearlyu 12 percent and Tampa at abouf 11 percent, Grubb & Ellis found. The real estatde firm is forecasting a declin e in the national rateto 6.6 percenrt by the end of this year and 6.3 percent by year-end 2001.
"The catalyst for this declinee will be a pullback in constructiojn due to a combination of highed interest rates and lower levelof absorption," the company's report stated. "Rental rates should increase at or slightly above the rate of Businesses looking for large chunks of office space Downtown have few placezto go, judging from the numbers in a studty by Harriet Jones, a broker with Property The two buildings that have the most spacr available on the Northbanok are the Bank of Americw Tower with more than 120,000 vacant square feet and the 100 Laura St. building with more than 136,000 square feet up for Jones' first-quarter study found.
The Southbank has much less space open. The building with the most space available is Prudentia lPlaza I, with more than 12,000 squar e feet. Jones' study is based on data from Downtownj commercial buildingsof 70,000 square feet or Liberty Property Trust (NYSE: LRY), a Pennsylvaniza real estate investment trust with majot holdings in Jacksonville, got a heftty cash infusion this month that may help fund the myriaf of projects it has pending aroune the city. The company obtained $450 millio in unsecured revolving credit from 14financial institutions, including First Union National Bank and Fleet National Bank.
Otherd banks with local presence that participated in the loan were SouthTrusr Bank and ChaseManhattan Bank. Among Liberty's plans are anothet building at Southpoint's Butler Plaza, a three-structure projecyt totaling 240,000 square feet. The first 80,000-square-foot buildinfg was finished nearly ayear ago. The company owns several buildingz in the Southpoint including the Liberty Businessz Park on Salisbury It also is developing SalisburyBusiness Park. In March, Libertg bought the former Harris Specialty Chemicall building in the Deerwood office parkfor $4.4 million. And on the the company has made numerous improvementzs to the Stein Mart building at 1200 Riverplace Blvd.
John Castorina, head of Liberty's Jacksonvillr operations, did not return a call seeking information on what portion of the new monegy would go towardJacksonville projects. E-mail Susannaz Barton at sbarton@bizjournals.com.
Monday, November 14, 2011
Saturday, November 12, 2011
Koster balks at GM reorganization agreement - Washington Business Journal:
houston-nearly.blogspot.com
Koster said GM’s bankruptcy agreement will not extend product liabilit y requirements for the company thattakes GM’s place. That mean s customers who bought GM cars before the bankruptcy settlement lose protections under lemohn laws and product liability Koster said. Koster also objected to provisions that allow a reorganized GM to altee dealership contracts with no sayfrom dealerships.
“Thre current agreement is terribly unfair to these dealership many of whom have been loyal GM dealerzs for decades and have invested theirf life savings in thesefamilg businesses,” Koster said in a Monday “It is unconscionable to force a dealership to waiv e its rights under Missouri law simply becausw GM has floundered.” Several other attorneys general from other including Kansas, have raised similar objections.
Koster said GM’s bankruptcy agreement will not extend product liabilit y requirements for the company thattakes GM’s place. That mean s customers who bought GM cars before the bankruptcy settlement lose protections under lemohn laws and product liability Koster said. Koster also objected to provisions that allow a reorganized GM to altee dealership contracts with no sayfrom dealerships.
“Thre current agreement is terribly unfair to these dealership many of whom have been loyal GM dealerzs for decades and have invested theirf life savings in thesefamilg businesses,” Koster said in a Monday “It is unconscionable to force a dealership to waiv e its rights under Missouri law simply becausw GM has floundered.” Several other attorneys general from other including Kansas, have raised similar objections.
Thursday, November 10, 2011
Fall Vacations: Enriching Cultural And Ethnic Experiences - usariseup
edovogopu.wordpress.com
Fall Vacations: Enriching Cultural And Ethnic Experiences usariseup Throughout the United States, many communities offer the ethnic and cultural experience that dates back to when Europeans first immigrated to America. Many ended up in cities around the country, where their rich culture still plays a strong role today. ... |
Monday, November 7, 2011
Groups prepare lawsuit over Metrorail project - Washington Business Journal:
zycibyp.wordpress.com
The man uniting the two groups is Scott head ofthe grass-rootss organization that has been fighting the elevated-track designh since 2006. He was just elected vice chair ofSierra Club’ 4,000-member Great Falls group. Tysons Tunnel has sought pro bonolegao representation, and a nationally recognized watchdot group has shown interest in handling the The Tysons Tunnel group did not want the name of the watchdog group identified. “We have always said legal actiobn is the last avenue we wish to take becaused it can cost a lot of mone and carriescertain risks,” Monett said.
“The goal is not to dela the project but to makesure it’s done rightt and get our concerns resolvex so the project can be completee as quickly as The three entities — Tysons Tunnel, Sierr a Club and the watchdog group still have to reach an agreementy on the suit before it can be filed. In the Sierra Club’s Great Falls group voted to back a lawsuif in support of competitive biddingh and consideration of the tunnel option for the Tysons portion ofthe $5 billionn Metrorail extension to .
Its Virginia chapter 17,000 members strong voted to support the suitdays “The lack of competitive bidding is the focu of the forthcoming lawsuit, whicb may also be instrumental in forcing a reassessmengt of Virginia’s Public Private Transportation Act, unded which the project was advanced,” said the Great Falles Sierra Club's latest newsletter. “There are many problems with that Act, includingv procedures making it easier to circumvent federal requirements such as the Nationapl Environmental Policy Act and the requirements forcompetitivd bidding.
” The act also keeps public eyes out of documents outlininbg project costs and liabilities taken on by taxpayers and driversa using Dulles Toll the newsletter said. As the lead plaintiff, Tysons Tunnel and its pro bono counsel are conducting a larg e amount of legal research to figur out where and how legal leverage couldf bestbe applied. The big policty initiative Monett said he would like to see addressed at the federak level whetherfederal grant-making bodies shoul d only provide grant money to projectsz that are competitively bid.
But he says while there does not seem to be much precedenrt regarding federal grants used to fundtransportation projects, therde is substantial case law regarding government contractingh that does require competitivre bidding. “Apparently, the only way to get the issuw addressed appropriately is through some sort oflegao action," he said. "Everyone is keenly aware that tunnelin g is the better wayto go. but thus far none of Virginia’sd elected officials has had the political courage to take a seriouas lookat it.
” It has ruffled Monett’s featherx that Dulles rail contractor just inked a deal to use tunnel boringf machines for a project in He rhetorically asks why the company can use the technologyy overseas but not here. Bechtel'ws $400 million contract to manage theLondonm project, largest undergrounding effort in the world, will be headedx by Cliff Mumm, who worked most recently on the Dullezs rail project.
The lawsuit concept is beinh backed by such Tysons Tunnel supporterse asTim Wynne, a Vienna “It’s simple — which Metro optiom has worked better for community prosperity and development the Metro in Arlington (underground) or Alexandria with stretcheds above ground? With the new technology available todayu and the stimulus money being made available for state and locapl projects there is no excuss not to bore a tunnekl through Tysons,” he said. With wide-borde tunneling, trains would travel through a singlr tunnel and the station platform woulx be in thetunnel itself. Monett saidt only a small percentage ofthe 23.
1-mile project has been completed and it is not too late to changd the design plan. A June 2 panelp in Dunn Loring gathered tunnel supporters in the transportatio industry andarea leaders, showing that the community’ds interest in the tunnel vision is still “If I was having a bathroom done and only had the wallz painted, I could stil l change the tiling,” Monetft said.
The man uniting the two groups is Scott head ofthe grass-rootss organization that has been fighting the elevated-track designh since 2006. He was just elected vice chair ofSierra Club’ 4,000-member Great Falls group. Tysons Tunnel has sought pro bonolegao representation, and a nationally recognized watchdot group has shown interest in handling the The Tysons Tunnel group did not want the name of the watchdog group identified. “We have always said legal actiobn is the last avenue we wish to take becaused it can cost a lot of mone and carriescertain risks,” Monett said.
“The goal is not to dela the project but to makesure it’s done rightt and get our concerns resolvex so the project can be completee as quickly as The three entities — Tysons Tunnel, Sierr a Club and the watchdog group still have to reach an agreementy on the suit before it can be filed. In the Sierra Club’s Great Falls group voted to back a lawsuif in support of competitive biddingh and consideration of the tunnel option for the Tysons portion ofthe $5 billionn Metrorail extension to .
Its Virginia chapter 17,000 members strong voted to support the suitdays “The lack of competitive bidding is the focu of the forthcoming lawsuit, whicb may also be instrumental in forcing a reassessmengt of Virginia’s Public Private Transportation Act, unded which the project was advanced,” said the Great Falles Sierra Club's latest newsletter. “There are many problems with that Act, includingv procedures making it easier to circumvent federal requirements such as the Nationapl Environmental Policy Act and the requirements forcompetitivd bidding.
” The act also keeps public eyes out of documents outlininbg project costs and liabilities taken on by taxpayers and driversa using Dulles Toll the newsletter said. As the lead plaintiff, Tysons Tunnel and its pro bono counsel are conducting a larg e amount of legal research to figur out where and how legal leverage couldf bestbe applied. The big policty initiative Monett said he would like to see addressed at the federak level whetherfederal grant-making bodies shoul d only provide grant money to projectsz that are competitively bid.
But he says while there does not seem to be much precedenrt regarding federal grants used to fundtransportation projects, therde is substantial case law regarding government contractingh that does require competitivre bidding. “Apparently, the only way to get the issuw addressed appropriately is through some sort oflegao action," he said. "Everyone is keenly aware that tunnelin g is the better wayto go. but thus far none of Virginia’sd elected officials has had the political courage to take a seriouas lookat it.
” It has ruffled Monett’s featherx that Dulles rail contractor just inked a deal to use tunnel boringf machines for a project in He rhetorically asks why the company can use the technologyy overseas but not here. Bechtel'ws $400 million contract to manage theLondonm project, largest undergrounding effort in the world, will be headedx by Cliff Mumm, who worked most recently on the Dullezs rail project.
The lawsuit concept is beinh backed by such Tysons Tunnel supporterse asTim Wynne, a Vienna “It’s simple — which Metro optiom has worked better for community prosperity and development the Metro in Arlington (underground) or Alexandria with stretcheds above ground? With the new technology available todayu and the stimulus money being made available for state and locapl projects there is no excuss not to bore a tunnekl through Tysons,” he said. With wide-borde tunneling, trains would travel through a singlr tunnel and the station platform woulx be in thetunnel itself. Monett saidt only a small percentage ofthe 23.
1-mile project has been completed and it is not too late to changd the design plan. A June 2 panelp in Dunn Loring gathered tunnel supporters in the transportatio industry andarea leaders, showing that the community’ds interest in the tunnel vision is still “If I was having a bathroom done and only had the wallz painted, I could stil l change the tiling,” Monetft said.
Saturday, November 5, 2011
DuPont must prove no contamination from W.Va. site - BusinessWeek
qalymeled.wordpress.com
Charleston Gazette | DuPont must prove no contamination from W.Va. site BusinessWeek Environmental regulators want DuPont to submit plans for determining whether seepage and runoff from the site of a former zinc-smelting plant in north-central West Virginia are contaminating groundwater or streams. ... DuPont ordered to show former W.Va. zi nc-smelting plant is not tainting ... Spelter update: WVDEP wants data on seepage DuPont must prove no contamination from W.Va. site |
Thursday, November 3, 2011
Bank of the West signs huge Bishop Ranch lease - Dayton Business Journal:
dyakonostrlin.blogspot.com
The new Bank of the West campus will be at BishopRanch 7, a three-story buildinf on Camino Ramon in San Under the deal — the largesyt new office lease on the West Coast this year Bank of the West employees will move from seven East Bay buildings in late 2010. Michaelk Shepherd, president and chietf executive officer ofSan Francisco-based Bank of the said the bank had multiple leasesx expiring in 2010, and wantedf to combine East Bay offices in a single location. “Th e move to Bishop Ranch allowss us to remain in theEast Bay, accommodate futurer growth, enjoy greater efficienciesw and provide our employees the high quality working conditionas they deserve,” he said.
The 10 million-square-fooy Bishop Ranch, owned by , leasee space to 550 companies across30 industries, includin 40 Fortune 500 companies. In Sunset Development Co. inked over 1 million squares feet ofoffice deals, including long-term leases by Robertt Half International, Coca-Cola, Del Montw Corp., Chubb Insurance, and Liberty Mutuap Insurance. The combined leases of Bank of the West and Rober Half International will bringapproximately 3,000 employees to San The vacancy rate is about 13 percent. Ed executive vice president of SunsetDevelopment Co.
, called the Bank of the West deal “sa statement of acceptance” that Bishop Ranch is “the main businesas community in the East Bay.” “We’re finding that successfupl businesses want to be in close proximityg to other successful, established leaders in business,” he said. “Bisholp Ranch has been a ray of lighty in an other wise quiet realestatw market.”
The new Bank of the West campus will be at BishopRanch 7, a three-story buildinf on Camino Ramon in San Under the deal — the largesyt new office lease on the West Coast this year Bank of the West employees will move from seven East Bay buildings in late 2010. Michaelk Shepherd, president and chietf executive officer ofSan Francisco-based Bank of the said the bank had multiple leasesx expiring in 2010, and wantedf to combine East Bay offices in a single location. “Th e move to Bishop Ranch allowss us to remain in theEast Bay, accommodate futurer growth, enjoy greater efficienciesw and provide our employees the high quality working conditionas they deserve,” he said.
The 10 million-square-fooy Bishop Ranch, owned by , leasee space to 550 companies across30 industries, includin 40 Fortune 500 companies. In Sunset Development Co. inked over 1 million squares feet ofoffice deals, including long-term leases by Robertt Half International, Coca-Cola, Del Montw Corp., Chubb Insurance, and Liberty Mutuap Insurance. The combined leases of Bank of the West and Rober Half International will bringapproximately 3,000 employees to San The vacancy rate is about 13 percent. Ed executive vice president of SunsetDevelopment Co.
, called the Bank of the West deal “sa statement of acceptance” that Bishop Ranch is “the main businesas community in the East Bay.” “We’re finding that successfupl businesses want to be in close proximityg to other successful, established leaders in business,” he said. “Bisholp Ranch has been a ray of lighty in an other wise quiet realestatw market.”
Tuesday, November 1, 2011
Jerome Contamine Executive Profile
borislavamcoc.blogspot.com
Jrme Contamine is a Graduate of EcolsPolytechnique (X), France
Jrme Contamine is a Graduate of EcolsPolytechnique (X), France
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