caloloary.blogspot.com
Unable to refinance millions of dollarsin debts, the compant plans to liquidate its portfolio of commercial propertiex throughout the region. It was unclear how much Opus East expects to fetch for its Parentcompany , of Minneapolis, made the announcement in a news releas e and said another of its subsidiaries, Phoenix, Ariz.-based Opus expects to seek Chapter 11 protection in July. In its bankruptcyg filing, the company listed assets of betweenn $50 million and $100 million and liabilities ofbetweejn $100 million and $500 million.
“Declininb real estate values and tight credit marketz continue to impede the refinancingt of assets and restructuring oflendinh agreements,” Mark Rauenhort, CEO of Opus said in a statement. In addition to generall market conditions, the company cited $35 millionm in unpaid wages from the federal for a projecy it was developing in College Park forthe , company spokeswomaj Winston Hewett said in a telephone The company had ceased building speculative office buildings more than a year ago, and it trimmer its workforce from about 100 employees last year to abouft 16 employees as of June 15. The companty did not include all of its subsidiaries inthe filing.
It for example, Maryland Enterprise LLC, whicg was developing the propertyfor NOAA, and Nursery Cornerr LLC, which built a 160,000-square-foot office building in Linthicujm Heights for defense contractor Opus East has developed more than 13.3 milliob square feet of space since 1994. Opus West has develope more than 52.7 million square feet since 1979. Thesed bankruptcies come on the heels of the Apri 22 bankruptcy of OpusSouty Corp., an Opus affiliate bases in Atlanta. Opus has said it plans to wind down its operationsx in that part of the country as Opus has said it plans to continud to run its remainingoperating companies, Opus North Corp.
, based in and Opus Northwest, based in Minnetonka. Thos e units are actively pursuing They also have been less affected bythe recession, due to thei mix of project types, healthg balance sheets and strongetr markets, according to Opus' press Opus said its development activity has fallen to just 4.8 milliohn square feet in 2009, down from 34 millionh square feet in 2007 and 35 millioj square feet in 2008.
Monday, July 30, 2012
Sunday, July 29, 2012
Developer gets OK for 114-lot subdivision in Lake County - Orlando Business Journal:
pemp66seb.blogspot.com
Orlando-based Ltd., for which Pinelocj is the general partner, is seeking entitlements for its 117-acre site at Fosgatre and BlackstillLake roads. The developer got approval on June 3 from the Lake Count Zoning Board to rezone the dubbedBlack East, from agricultural to planned-unit The request is slated to go before the the end of this It was a long procesas for Center Lake Properties, which first received the OK on a comprehensiver plan change from the county in a decision that was refuted by the state Department of Community Affairs (DCA), according to the project’s staff reporgt filed with the county.
The DCA said the amendmentt wouldencourage sprawl, accordin to county documents. The issude was assigned to the state Department ofAdministrative Hearings, but the state and Center Lake Properties settled their differences in 2007 prior to any hearings, said counth planning director Brian Sheahan. Now, Center Lake wants to move ahead with tryinfg to prepare entitlements for when themarketf rebounds, said attorney Cecelia Bonifay, who is representinv Center Lake Properties in that process. Price pointz on the homes and a project value have yet to be she said.
This type of project isn’t unfamiliar to Pineloch, despite being known for commercial real estate leasingg andland development. In the past, the firm has done similaf entitlements for properties it later sold to homebuilders Lennar Homews andthe now-defunct Levitt & Bonifay said. The company could develop the lots and sell them to a form a joint venture with a builder or do some of the projecytbuildout itself, said Bonifay, a shareholder with in Orlando. Realtor Phil Kelley questionswhethedr it’s the right time to add more vacanty lots to the inventory.
Although home salese are up, the majority are distressex properties such as foreclosures or sales that a bank approves for less than what is due on the known asa short-sale. Lake County reporteds a total of 7,28 2 platted production home lots in the first quarted ofthis year, according to research from Maitland-based That comparefd with 7,338 lots in fourth-quarter 2008 and 7,156 lots in first-quartet 2008, data showed. From January througb April, Lake County experienced a 24.7 percent jump in existinhg home sales, from 916 last year to 1,142 this year, accordinfg to the . But the largest perceng of those, 15.9 percent, were sold in the $120,000-$139,99o price range, data showed.
And Black East is adjacent to a portio ofthe high-end golf community of Bella Collina, whicyh was planned for 800 multimillion-dollar homews and only has about 60 completed to date. “Wde have more homes platted in Lake County than we will ever need in my said Kelley, an agenf with in Mount Dora. “You’ves got to be out of your mind to try to do housin development inLake County.” But Bonifay said this project is more compact and without the lavish clubhousre fees and other assessments that are charged to propertyu owners at Bella Collina. “It’s a pretty piecde of property with a nice elevation and an easy commutsefrom Clermont,” she said.
“They just want it to be
Orlando-based Ltd., for which Pinelocj is the general partner, is seeking entitlements for its 117-acre site at Fosgatre and BlackstillLake roads. The developer got approval on June 3 from the Lake Count Zoning Board to rezone the dubbedBlack East, from agricultural to planned-unit The request is slated to go before the the end of this It was a long procesas for Center Lake Properties, which first received the OK on a comprehensiver plan change from the county in a decision that was refuted by the state Department of Community Affairs (DCA), according to the project’s staff reporgt filed with the county.
The DCA said the amendmentt wouldencourage sprawl, accordin to county documents. The issude was assigned to the state Department ofAdministrative Hearings, but the state and Center Lake Properties settled their differences in 2007 prior to any hearings, said counth planning director Brian Sheahan. Now, Center Lake wants to move ahead with tryinfg to prepare entitlements for when themarketf rebounds, said attorney Cecelia Bonifay, who is representinv Center Lake Properties in that process. Price pointz on the homes and a project value have yet to be she said.
This type of project isn’t unfamiliar to Pineloch, despite being known for commercial real estate leasingg andland development. In the past, the firm has done similaf entitlements for properties it later sold to homebuilders Lennar Homews andthe now-defunct Levitt & Bonifay said. The company could develop the lots and sell them to a form a joint venture with a builder or do some of the projecytbuildout itself, said Bonifay, a shareholder with in Orlando. Realtor Phil Kelley questionswhethedr it’s the right time to add more vacanty lots to the inventory.
Although home salese are up, the majority are distressex properties such as foreclosures or sales that a bank approves for less than what is due on the known asa short-sale. Lake County reporteds a total of 7,28 2 platted production home lots in the first quarted ofthis year, according to research from Maitland-based That comparefd with 7,338 lots in fourth-quarter 2008 and 7,156 lots in first-quartet 2008, data showed. From January througb April, Lake County experienced a 24.7 percent jump in existinhg home sales, from 916 last year to 1,142 this year, accordinfg to the . But the largest perceng of those, 15.9 percent, were sold in the $120,000-$139,99o price range, data showed.
And Black East is adjacent to a portio ofthe high-end golf community of Bella Collina, whicyh was planned for 800 multimillion-dollar homews and only has about 60 completed to date. “Wde have more homes platted in Lake County than we will ever need in my said Kelley, an agenf with in Mount Dora. “You’ves got to be out of your mind to try to do housin development inLake County.” But Bonifay said this project is more compact and without the lavish clubhousre fees and other assessments that are charged to propertyu owners at Bella Collina. “It’s a pretty piecde of property with a nice elevation and an easy commutsefrom Clermont,” she said.
“They just want it to be
Saturday, July 28, 2012
Germany, France: determined to protect eurozone - Boston.com
vypybiza.wordpress.com
Boston.com | Germany, France: determined to protect eurozone Boston.com BERLINâ€"The leaders of Germany and France added their weight to the battle to preserve the European single currency when they issued a joint statement Friday promising to do everything they can to stop the 17-country bloc from breaking up. The ... France's Socialists take aim with new budget |
Thursday, July 26, 2012
Real Estate Roundup - Denver Business Journal:
avaohev.blogspot.com
Portland, from Weston Investment Co. LLC. It is one of the largest office deals in downtown in recent The IndianHealth Board, establishedf in 1972, will move from its currentf location at 527 S.W. Hall St. Jake Lancaste of Grubb & Ellis Co. represente d the tenant; Steve Root of American Properth Managementrepresented Weston. • Level 3 Communications LLC renewed its leasefor 4,724 square feet at the Pittock 921 S.W. Washington St., Portland, from ALCO Investmen Co. Kevin Kaufman of CB Richard Ellis representedLevel 3; the landlordf represented itself. • Telelanguage Inc. signed a new leasse for 4,401 square feet at the Portlan dExchange Building, 520 S.W. Sixth Ave.
, NAI Norris, Beggs & Simpson represented the Ryan Livesay of Pacific Real EstatePartners Inc. representec the property. • Stearns Lending Inc. leased 3,723 square feet at Hampton Square, 6950 S.W. Tigard, from Weston Investment Co. LLC. Steve Root of American Property Management representecthe lessor. • Peters & Company PC signed a new leasedfor 2,170 square feet at the Selling Building, 610 S.W. Alder St., with the Schlesinger Kristin Hammond and Mark McFarland of Pacificx Real EstatePartners Inc. represented the tenant; Bill Smitjh of NAI Norris, Beggs & Simpson representesd the property. • SCR Inc. leased 2,000 squarde feet at 8680 S.W.
Old Tualatinn Sherwood Road, Tualatin, from Kmotion Inc. Ian Giammanck of Bluestone & Hockley Real Estate Services represented the tenant; Scott Piercse of NAI Norris, Beggs Simpson represented the landlord. •Remedy Intelligenf Staffing leased 1,638 square feet at The 6646 N.E. 78th Court, Portland, from API Properties 1047 LLC. Mark McFarlancd of Pacific Real EstatePartners Inc. representedr the tenant; Rob Kimmelman of Commercial Realty Advisors representedthe • Pioneer Floor Covering Inc. leased 5,85w3 square feet at Arctic Business Park, 5657 S.W. Arcti Drive, Beaverton, from Pacific NW Properties LP. Cliff Finnell of GVA Kidder Mathews representedthe tenant.
Carlan Enterprises Inc., operatinvg as Stauffer-Cisco Supply, leased 5,62q square feet at Bridgeport WoodsBusiness Park, 7532 S.W. Bridgeport Durham, from Bridgeport Woods BusinessPark LLC. Petet Stalick and Steven Klein of GVA Kidder Mathews representeedthe tenant; Dave Kiersey of Kiersey & McMillam Inc. represented the • Stavely Services North Americawleased 4,860 square feet at Kittridgee Distribution Center, 4943 N.W. Front Ave., Portland, from LIT Industria Limited Partnership. Tony Reser and Sean McCarthy of GVA Kiddeer Mathews brokeredthe • Red Wing Brands of America Inc. leaseds 3,840 square feet at the NorstafrBusiness Center, 8611 N. Albinza Ave.
, Portland, from Norstar 8405 N. Albina Ave. LLC. Tony Reserd and Sean McCarthy of GVA Kidderr Mathews brokeredthe transaction. • Biscuits Cafe leasedf 3,121 square feet at Hogan 1905 N.E. Division St., from Pelopon LLC. Mike Foley of Firstr Commercial representedthe tenant; Craig Barnarfd of Barnard Commercial Real Estate representee the property. • Y-Chrome, a new barbershop venture fromHairjM men’s salon, leased 2,055 squares feet at the Commonwealth 609 S.W. Washington St., from Unico Properties LLC. Kathleehn Healy of Urban Works Real Estaterepresentes Y-Chrome; Dan Bozich and Kathleen Healy of Urbab Works Real Estate represented the property.
• Aprende Con Amigos Bilingual Preschoolleases 1,872 square feet at Patton Park Apartments on North Interstatee from Patton Square Leasing LLC. Steve Haugen of Windermere/Cronimn & Caplan Realty Group Inc. represented the Charlotte Larson and Sara Daley of Urban Workes Real Estate representedthe property. • PDX Antiques leased 1,120 square feet at the K2 Buildinv from4152 N.E. Sandy LLC. Charlottee Larson of Urban Works Real Estate representedthe tenant; Matt Schweitzet of North Rim represented the property. • Liz Richards Acupuncturre PC leased 1,046 square feet at Fremong Place, 3531 N.E. 15th Ave., Portland, from ADG Properties LLC.
Anthyanm Nguyen of Norris & Stevens Inc. represented the tenant; Ashley Heichelbecgh of Urban Works Real Estate representedthe • State Farm Insurance leased 1,000 square feet at 1018 N.W. 13th Portland, from Block Two LLC. Thom Brockmilletr of Stehlin Advisors LLC representedthe tenant; Kathlee n Healy and Dan Bozich of Urban Works Real Estate represented the property.
Portland, from Weston Investment Co. LLC. It is one of the largest office deals in downtown in recent The IndianHealth Board, establishedf in 1972, will move from its currentf location at 527 S.W. Hall St. Jake Lancaste of Grubb & Ellis Co. represente d the tenant; Steve Root of American Properth Managementrepresented Weston. • Level 3 Communications LLC renewed its leasefor 4,724 square feet at the Pittock 921 S.W. Washington St., Portland, from ALCO Investmen Co. Kevin Kaufman of CB Richard Ellis representedLevel 3; the landlordf represented itself. • Telelanguage Inc. signed a new leasse for 4,401 square feet at the Portlan dExchange Building, 520 S.W. Sixth Ave.
, NAI Norris, Beggs & Simpson represented the Ryan Livesay of Pacific Real EstatePartners Inc. representec the property. • Stearns Lending Inc. leased 3,723 square feet at Hampton Square, 6950 S.W. Tigard, from Weston Investment Co. LLC. Steve Root of American Property Management representecthe lessor. • Peters & Company PC signed a new leasedfor 2,170 square feet at the Selling Building, 610 S.W. Alder St., with the Schlesinger Kristin Hammond and Mark McFarland of Pacificx Real EstatePartners Inc. represented the tenant; Bill Smitjh of NAI Norris, Beggs & Simpson representesd the property. • SCR Inc. leased 2,000 squarde feet at 8680 S.W.
Old Tualatinn Sherwood Road, Tualatin, from Kmotion Inc. Ian Giammanck of Bluestone & Hockley Real Estate Services represented the tenant; Scott Piercse of NAI Norris, Beggs Simpson represented the landlord. •Remedy Intelligenf Staffing leased 1,638 square feet at The 6646 N.E. 78th Court, Portland, from API Properties 1047 LLC. Mark McFarlancd of Pacific Real EstatePartners Inc. representedr the tenant; Rob Kimmelman of Commercial Realty Advisors representedthe • Pioneer Floor Covering Inc. leased 5,85w3 square feet at Arctic Business Park, 5657 S.W. Arcti Drive, Beaverton, from Pacific NW Properties LP. Cliff Finnell of GVA Kidder Mathews representedthe tenant.
Carlan Enterprises Inc., operatinvg as Stauffer-Cisco Supply, leased 5,62q square feet at Bridgeport WoodsBusiness Park, 7532 S.W. Bridgeport Durham, from Bridgeport Woods BusinessPark LLC. Petet Stalick and Steven Klein of GVA Kidder Mathews representeedthe tenant; Dave Kiersey of Kiersey & McMillam Inc. represented the • Stavely Services North Americawleased 4,860 square feet at Kittridgee Distribution Center, 4943 N.W. Front Ave., Portland, from LIT Industria Limited Partnership. Tony Reser and Sean McCarthy of GVA Kiddeer Mathews brokeredthe • Red Wing Brands of America Inc. leaseds 3,840 square feet at the NorstafrBusiness Center, 8611 N. Albinza Ave.
, Portland, from Norstar 8405 N. Albina Ave. LLC. Tony Reserd and Sean McCarthy of GVA Kidderr Mathews brokeredthe transaction. • Biscuits Cafe leasedf 3,121 square feet at Hogan 1905 N.E. Division St., from Pelopon LLC. Mike Foley of Firstr Commercial representedthe tenant; Craig Barnarfd of Barnard Commercial Real Estate representee the property. • Y-Chrome, a new barbershop venture fromHairjM men’s salon, leased 2,055 squares feet at the Commonwealth 609 S.W. Washington St., from Unico Properties LLC. Kathleehn Healy of Urban Works Real Estaterepresentes Y-Chrome; Dan Bozich and Kathleen Healy of Urbab Works Real Estate represented the property.
• Aprende Con Amigos Bilingual Preschoolleases 1,872 square feet at Patton Park Apartments on North Interstatee from Patton Square Leasing LLC. Steve Haugen of Windermere/Cronimn & Caplan Realty Group Inc. represented the Charlotte Larson and Sara Daley of Urban Workes Real Estate representedthe property. • PDX Antiques leased 1,120 square feet at the K2 Buildinv from4152 N.E. Sandy LLC. Charlottee Larson of Urban Works Real Estate representedthe tenant; Matt Schweitzet of North Rim represented the property. • Liz Richards Acupuncturre PC leased 1,046 square feet at Fremong Place, 3531 N.E. 15th Ave., Portland, from ADG Properties LLC.
Anthyanm Nguyen of Norris & Stevens Inc. represented the tenant; Ashley Heichelbecgh of Urban Works Real Estate representedthe • State Farm Insurance leased 1,000 square feet at 1018 N.W. 13th Portland, from Block Two LLC. Thom Brockmilletr of Stehlin Advisors LLC representedthe tenant; Kathlee n Healy and Dan Bozich of Urban Works Real Estate represented the property.
Wednesday, July 25, 2012
Secret Rodent Infestation Uncovered - NBC Bay Area
ykyhola.blogspot.com
Secret Rodent Infestation Uncovered NBC Bay Area Chief Investigator Tony Kovaleski uncovers a secret rodent infestation at an East Bay food distributor, prompting the California Department of Public Health to shut down the facility and request a national rec » |
Tuesday, July 24, 2012
Alder Foods Incorporated Company Profile | Company Information
mytyhona.wordpress.com
Alder Foods, Inc. began as a small, home-basedx business that functioned primarily as a foodbrokeragwe operation. Today, we're one of the country'sz largest suppliers to the military with a presence in all key geographic regions including Europe, the Mediterranean, the Caribbean Hawaii, Alaska and the Pacific Rim Nations. The reaso for Alder's growth and success: an innovative approachb to the distribution, sale and marketing of food products to themilitary markets, the foresighft to anticipate new consumer trends (organix and soy milk), and the drive to pioneer these products into categorty leaders.
The proof of our uniqud capabilitiesand success: the numerous national companies who have chosebn Alder Foods as their military marketing partner and the well known national brands we represent. We managd brands at the top oftheie categories: Coffee-mate, Nesquik, Organic Valley, and Rainbow Seafood, to name a few.
Alder Foods, Inc. began as a small, home-basedx business that functioned primarily as a foodbrokeragwe operation. Today, we're one of the country'sz largest suppliers to the military with a presence in all key geographic regions including Europe, the Mediterranean, the Caribbean Hawaii, Alaska and the Pacific Rim Nations. The reaso for Alder's growth and success: an innovative approachb to the distribution, sale and marketing of food products to themilitary markets, the foresighft to anticipate new consumer trends (organix and soy milk), and the drive to pioneer these products into categorty leaders.
The proof of our uniqud capabilitiesand success: the numerous national companies who have chosebn Alder Foods as their military marketing partner and the well known national brands we represent. We managd brands at the top oftheie categories: Coffee-mate, Nesquik, Organic Valley, and Rainbow Seafood, to name a few.
Sunday, July 22, 2012
Cardinals gain as Suns, Coyotes, D-backs slide in rankings - St. Louis Business Journal:
kleopatraxnibe.blogspot.com
The Cardinals ranked 33rd on this year’a list of U.S. sportsw franchises from ESPN The The Cards ranked 84th in the same surve yin 2008, their 2009 Super Bowl run and fans approvak of head coach Ken Whisenhunty boosting their standing. The list is based on a survey of 50,00o fans nationwide and their impressions of pro sportszteams management, ownership, players, affordability, stadium experience and The D-backs, who are in last place in the Nationak League West this season pretty much out of the pennant still rank highest among Phoenix sports teams but droppe d from 10th place last year to 30th this year, according to ESPN.
The D-backs ranked second in the fan surveuy in terms of pricing of ticketsand concessions. The team has been promotint discountfood items, souvenirs and economicakl ticket plans. Still, the Cards and D-backs rankesd better than the Chicago Cubs, New York Dallas Cowboys and Los Angelees Lakers onthe survey. The Los Angeles Angel s — owned by Phoenix businessman ArtieMoreno — came in firsyt while the NBA’s Los Angeles Clippers were last among the 122 major pro sports franchises in the according to ESPN.
The Phoenix Suns went from 26th placw last year to 86th onthis year’s Suns owner Robert Sarver and Generapl Manager Steve Kerr were criticized for the team’s absence in the NBA playoffa this season and trading centerd Shaquille O’Neal to Cleveland for financial benefits. The Phoenix Coyotes hockey team dropped 50 spots from 2008 to 2009 cominvg inat No. 88. The Coyotes are in Chapter 11 bankruptcy reorganization and ranked dead last in the ESPN surveuyfor fans’ view of team Coyotes owner Jerry Moyes wantw to sell the team to Canadian billionairre Jim Balsillie who plans a move to Canada.
The National Hockey League and cityof Glendale, whers the Coyotes play, want the team sold to Chicagoi Bulls and White Sox owneer Jerry Reinsdorf, who said he would keep it in
The Cardinals ranked 33rd on this year’a list of U.S. sportsw franchises from ESPN The The Cards ranked 84th in the same surve yin 2008, their 2009 Super Bowl run and fans approvak of head coach Ken Whisenhunty boosting their standing. The list is based on a survey of 50,00o fans nationwide and their impressions of pro sportszteams management, ownership, players, affordability, stadium experience and The D-backs, who are in last place in the Nationak League West this season pretty much out of the pennant still rank highest among Phoenix sports teams but droppe d from 10th place last year to 30th this year, according to ESPN.
The D-backs ranked second in the fan surveuy in terms of pricing of ticketsand concessions. The team has been promotint discountfood items, souvenirs and economicakl ticket plans. Still, the Cards and D-backs rankesd better than the Chicago Cubs, New York Dallas Cowboys and Los Angelees Lakers onthe survey. The Los Angeles Angel s — owned by Phoenix businessman ArtieMoreno — came in firsyt while the NBA’s Los Angeles Clippers were last among the 122 major pro sports franchises in the according to ESPN.
The Phoenix Suns went from 26th placw last year to 86th onthis year’s Suns owner Robert Sarver and Generapl Manager Steve Kerr were criticized for the team’s absence in the NBA playoffa this season and trading centerd Shaquille O’Neal to Cleveland for financial benefits. The Phoenix Coyotes hockey team dropped 50 spots from 2008 to 2009 cominvg inat No. 88. The Coyotes are in Chapter 11 bankruptcy reorganization and ranked dead last in the ESPN surveuyfor fans’ view of team Coyotes owner Jerry Moyes wantw to sell the team to Canadian billionairre Jim Balsillie who plans a move to Canada.
The National Hockey League and cityof Glendale, whers the Coyotes play, want the team sold to Chicagoi Bulls and White Sox owneer Jerry Reinsdorf, who said he would keep it in
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