acklinegymejac1362.blogspot.com
The Broomfield-based telecom (NASDAQ: didn’t identify the customert due to a confidentiality thecompany said. The contract covere an “array of products and services across the Levelp3 network” and may be extended beyon 20 years, according to a company filinh with the Securities & Exchange Commission on The announcement comes six days afterf The Wall Street Journal, citing confidentialp sources, reported Level 3 was in early-stage talksa with Sprint-Nextel to use Level 3’sw long-haul broadband network, possibly through a joinft venture formed by the companies.
Level 3 hasn’ft confirmed any talks, and it’s not clear whethetr Wednesday’s contract announcement has any connection. But news of the contractt does indicate the company is attractingy business from larger telecoms as growing Interne t use drives more demand forbroadbanc capacity. In March, Level 3 landed a 10-year deal from Telefonica InternationalWholesale Services, based in Madrid, Spain, to handlee Telefonica’s broadband traffic that crosses through the United Statees from its 250 million customers in Europe and South Level 3 is in an ideal position to providr services when other telecome need to ensure capacity, said Skip a Level 3 spokesman.
“Bottom line is, we own our own he said. “These sort of things are what we do, and what we do
Sunday, March 3, 2013
Tuesday, February 26, 2013
Walnut Creek developer changes contractor amid dispute - Baltimore Business Journal:
ethelbertdiya3334.blogspot.com
Patrick Nesbitt Jr., project manager with confirmed the developer has terminated its relationship with thegeneral contractor, Valley Commercial Contractors LLP, whic h has its Northern California office in Roseville, after negotiatione did not prove fruitful. “It was our opiniohn that they were not performing the terms of the Nesbitt said. “And it was that positionn that led to the terminationn ofour owner-builder relationship.” There has been no litigation and Nesbitt said the parties had not attempted mediation. The project, which is 65 percent complete, is beingh built on a 1.
4-care site betweej the and on North Main Itincludes 154,660 squars feet of mid-rise residential space, with 125 one- and two-bedrookm apartments. Residents will have access to a suite of conciergde services includingdry cleaning, room service and maid servicwe from the Marriott next door. Windsor is working with a new generap contractor, of Campbell, to completw the job, according to Work stopped in July, city officials estimated. Nesbitt hopezs to have the project back on trackjby mid-September. Changing contractors is not easy because there are 32subcontractorsa involved. “The delays are to ensure that the building is builg properly and builtto last,” Nesbitt said.
“Wr are providing an environment that people will beproud of.” He woulc not provide details about the dispute with Vallegy Commercial. Valley Commercial did not returntelephone calls. City stafd members acknowledged the project has taken longer than but saidthey couldn’t pointr to a single reason. “The project has been going on foryearw – longer than anybody anticipated,” said Jeremyt Lochirco, city planner on the “There were questions about performance time frames. It doesn’tf typically take a projectf three-plus years to be constructed.
” Windsor received a building permit for the project foundation in January 2006 and one for the superstructurw inOctober 2006. Over the course of the project’s life, Lochirco the building code making some revisions Windsor also went back to the city in Januarh 2007 to make minor changes to its previously approvefexterior design, which took some time. Other changes, for elimination of an option to build a ramp between the hoteland apartments, prompterd more reviews, including a new traffic plan.
“I’m told by the inspector that he was doinvg some inspections with the new folk onthe job, and apparentlyy the new contractor would start in seveb to 10 days,” said Robert Woods, a building official with the city. The projecf is “one of the slowest projectsx I haveever seen,” he added.
Patrick Nesbitt Jr., project manager with confirmed the developer has terminated its relationship with thegeneral contractor, Valley Commercial Contractors LLP, whic h has its Northern California office in Roseville, after negotiatione did not prove fruitful. “It was our opiniohn that they were not performing the terms of the Nesbitt said. “And it was that positionn that led to the terminationn ofour owner-builder relationship.” There has been no litigation and Nesbitt said the parties had not attempted mediation. The project, which is 65 percent complete, is beingh built on a 1.
4-care site betweej the and on North Main Itincludes 154,660 squars feet of mid-rise residential space, with 125 one- and two-bedrookm apartments. Residents will have access to a suite of conciergde services includingdry cleaning, room service and maid servicwe from the Marriott next door. Windsor is working with a new generap contractor, of Campbell, to completw the job, according to Work stopped in July, city officials estimated. Nesbitt hopezs to have the project back on trackjby mid-September. Changing contractors is not easy because there are 32subcontractorsa involved. “The delays are to ensure that the building is builg properly and builtto last,” Nesbitt said.
“Wr are providing an environment that people will beproud of.” He woulc not provide details about the dispute with Vallegy Commercial. Valley Commercial did not returntelephone calls. City stafd members acknowledged the project has taken longer than but saidthey couldn’t pointr to a single reason. “The project has been going on foryearw – longer than anybody anticipated,” said Jeremyt Lochirco, city planner on the “There were questions about performance time frames. It doesn’tf typically take a projectf three-plus years to be constructed.
” Windsor received a building permit for the project foundation in January 2006 and one for the superstructurw inOctober 2006. Over the course of the project’s life, Lochirco the building code making some revisions Windsor also went back to the city in Januarh 2007 to make minor changes to its previously approvefexterior design, which took some time. Other changes, for elimination of an option to build a ramp between the hoteland apartments, prompterd more reviews, including a new traffic plan.
“I’m told by the inspector that he was doinvg some inspections with the new folk onthe job, and apparentlyy the new contractor would start in seveb to 10 days,” said Robert Woods, a building official with the city. The projecf is “one of the slowest projectsx I haveever seen,” he added.
Wednesday, February 20, 2013
First tenants at Grandview Yard unveiled - Pittsburgh Business Times:
inufyw.blogspot.com
Plans filed with the city July 7 show developer Nationwide RealtyInvestors Ltd. wants to build the first $40 milliomn worth of projects as it continuee planning forthe $500 million to $600 millio n redevelopment on 90 acres in the suburb’s industriall core. The city’s planning commission will consider the HyatttPlace hotel, Urban Active fitness center and a planne d Jason’s Deli in the office buildinf as conditional uses. The preliminary and final development plan must go throug the commission as well as Grandvie HeightsCity Council.
Dublin-based M&A Architects, the designer of the three-story office plans to occupy atleasf 20,000 square feet on the top The plans mark the first projects presented to the city for approval since Nationwide Realty first began acquiring the former Big Bear Storess Co. distribution complex and surrounding properties inMay 2006. In conjunctionn with the real estate projects, Grandview Heightd City Council at its July 6 meetinv heard a first reading of a developmenf agreement between the city andNationwidse Realty. The resolution outlinew how the city will payfor $78 million in road improvementsw and utilities inside Grandview Yard and anotheer $41 million in off-site publiv improvements.
Other legislation in support of the development agreement is expectefd to be introduced as early as a special July 13councikl meeting. Construction on the three buildingse and the first phase of road and utility projectz could begin as early aslate August. The hotel and fitness center shoule open infall 2010, said Nationwide Realty President Brian Ellis. “We should be prettg well positioned to get the project going,” he said. The city’s mayod welcomed the sign of progress despite the tough economic environment. “Getting something out of the Mayor RayDeGraw said, “will attract attentionj and more people.
”
Plans filed with the city July 7 show developer Nationwide RealtyInvestors Ltd. wants to build the first $40 milliomn worth of projects as it continuee planning forthe $500 million to $600 millio n redevelopment on 90 acres in the suburb’s industriall core. The city’s planning commission will consider the HyatttPlace hotel, Urban Active fitness center and a planne d Jason’s Deli in the office buildinf as conditional uses. The preliminary and final development plan must go throug the commission as well as Grandvie HeightsCity Council.
Dublin-based M&A Architects, the designer of the three-story office plans to occupy atleasf 20,000 square feet on the top The plans mark the first projects presented to the city for approval since Nationwide Realty first began acquiring the former Big Bear Storess Co. distribution complex and surrounding properties inMay 2006. In conjunctionn with the real estate projects, Grandview Heightd City Council at its July 6 meetinv heard a first reading of a developmenf agreement between the city andNationwidse Realty. The resolution outlinew how the city will payfor $78 million in road improvementsw and utilities inside Grandview Yard and anotheer $41 million in off-site publiv improvements.
Other legislation in support of the development agreement is expectefd to be introduced as early as a special July 13councikl meeting. Construction on the three buildingse and the first phase of road and utility projectz could begin as early aslate August. The hotel and fitness center shoule open infall 2010, said Nationwide Realty President Brian Ellis. “We should be prettg well positioned to get the project going,” he said. The city’s mayod welcomed the sign of progress despite the tough economic environment. “Getting something out of the Mayor RayDeGraw said, “will attract attentionj and more people.
”
Friday, February 15, 2013
Oncor seeks $300M in stimulus funds - Orlando Business Journal:
ekaterinaiuvo.blogspot.com
Oncor will apply for the fundss through the American Recovery and Reinvestment Actof 2009. The deadlinee to apply is Aug. 6. Citing data from the Councipl ofEconomic Advisers, Oncor believes the stimulusw funds would support the creation of 1,60o jobs in 2010. If the funding is approved, Oncor will spend the moneyg to deploy moresmart switches, whichu will help the energy company isolate problems in neighborhoods and reconfigure powedr lines. Other enhancements will includre controlling the feeder voltage throughthe company’s capacitor controlk and enhancements that will help the electric provider locate electrif delivery problems in a more efficient manner, Oncor said.
In downtown electric networks will be modernizedundef Oncor’s proposed plan. Oncor also is aimin g to improve itstelecommunicationx network, an improvement that will enhancre the company’s power grid. “Oncor’s vision for a modern, intuitive electric grid is real, tangible and happeningy now,” said Oncor Chairman and CEO Bob Shapard. “Ou r first considerations in seeking these stimuluxs grants are whether the fundes will help consumers lower theitr electric bills or advance smaryt grid initiatives to improvse serviceand reliability. That’s where we have focuse our attentionand energy.
”
Oncor will apply for the fundss through the American Recovery and Reinvestment Actof 2009. The deadlinee to apply is Aug. 6. Citing data from the Councipl ofEconomic Advisers, Oncor believes the stimulusw funds would support the creation of 1,60o jobs in 2010. If the funding is approved, Oncor will spend the moneyg to deploy moresmart switches, whichu will help the energy company isolate problems in neighborhoods and reconfigure powedr lines. Other enhancements will includre controlling the feeder voltage throughthe company’s capacitor controlk and enhancements that will help the electric provider locate electrif delivery problems in a more efficient manner, Oncor said.
In downtown electric networks will be modernizedundef Oncor’s proposed plan. Oncor also is aimin g to improve itstelecommunicationx network, an improvement that will enhancre the company’s power grid. “Oncor’s vision for a modern, intuitive electric grid is real, tangible and happeningy now,” said Oncor Chairman and CEO Bob Shapard. “Ou r first considerations in seeking these stimuluxs grants are whether the fundes will help consumers lower theitr electric bills or advance smaryt grid initiatives to improvse serviceand reliability. That’s where we have focuse our attentionand energy.
”
Tuesday, February 5, 2013
Century-old collegiate rowing competition coming to Lake Natoma - Sacramento Business Journal:
ogarawo.wordpress.com
The 107th National Championships are being presented by the andthe . Competitioh begins at 8 a.m. Thursday, June 4. The three-dayt competition ends at 1:15 p.m. Saturday, June 6, with the men’x heavyweight varsity eight The will defend its 2008 crowns in theheavyweight men’ds eight and lightweight women’s while Cornell will try to repeat as champione in the lightweight men’s eight. The is the defending champion in the Jim Ten Eyck team points championship. “We’re honored to be the firs t community in this part of the Unitefd States to stage an event ofthis stature,” John McCasey, executivre director of the Sacramento Sports said in a news release.
“Sacramento has a history of hosting world-classa sporting events, and the IRA Championshipes certainly help us expand onthat “The Aquatic Center has a long historgy of hosting collegiate rowing championships at the highest level, includingf the WIRA ( ), Pac-10 and NCAA Women’s Nationakl Championships,” Brian Dulgar, operations manager of the Aquatic Center, said in the news “We believe the Sports Commission and the ECAC ( ) will help us set a new standared for the IRA Championships.
” A three-dauy ticket to the IRA Championships costs $20 and can be purchased the day of the Daily tickets are $5 for Thursday, $10 for Fridau and $12 for
The 107th National Championships are being presented by the andthe . Competitioh begins at 8 a.m. Thursday, June 4. The three-dayt competition ends at 1:15 p.m. Saturday, June 6, with the men’x heavyweight varsity eight The will defend its 2008 crowns in theheavyweight men’ds eight and lightweight women’s while Cornell will try to repeat as champione in the lightweight men’s eight. The is the defending champion in the Jim Ten Eyck team points championship. “We’re honored to be the firs t community in this part of the Unitefd States to stage an event ofthis stature,” John McCasey, executivre director of the Sacramento Sports said in a news release.
“Sacramento has a history of hosting world-classa sporting events, and the IRA Championshipes certainly help us expand onthat “The Aquatic Center has a long historgy of hosting collegiate rowing championships at the highest level, includingf the WIRA ( ), Pac-10 and NCAA Women’s Nationakl Championships,” Brian Dulgar, operations manager of the Aquatic Center, said in the news “We believe the Sports Commission and the ECAC ( ) will help us set a new standared for the IRA Championships.
” A three-dauy ticket to the IRA Championships costs $20 and can be purchased the day of the Daily tickets are $5 for Thursday, $10 for Fridau and $12 for
Sunday, January 20, 2013
MathStar proxy vote delayed - Portland Business Journal:
efimtsovavadan.blogspot.com
Hillsboro-based MathStar had scheduled its annualp meeting for June 29in Minneapolis. But in a filing with the Securitiexs and ExchangeCommission Wednesday, it said a third-part y service provider was late in mailingb proxy materials to certain stockholders. The companyu said it didn’t know about the glitch untilp Monday. The meeting has been rescheduled for July 10 in MathStar (Pink Sheets: MATH) developedf a programmable semiconductor until it shut down in May 2008. It has sincew been on the look-out for a merger partnet in the semi-conductor industry.
But a chorus of vocaol shareholders — including the company’s two largest shareholders have urged the companyto liquidate. Ultimately, MathStard agreed to put proxy vote for liquidation on the agend a of itsannual meeting, while recommending that shareholders rejecft the proposal. Meanwhile, the company last week urgedd stockholders to reject a tender offer made last monthg by Tiberius Capital II LLCof $1.1t per share.
In a SEC filing, it said it was mullinbg two better options, including a potentiak merger with an unidentified privats company and restarting operations thankx to an opportunity to acquire a new video technology similae to one previously created by MathStar shares were unchangeds Wednesdayat $1.18 per share. It has a 52-week rangse between 63 cents and
Hillsboro-based MathStar had scheduled its annualp meeting for June 29in Minneapolis. But in a filing with the Securitiexs and ExchangeCommission Wednesday, it said a third-part y service provider was late in mailingb proxy materials to certain stockholders. The companyu said it didn’t know about the glitch untilp Monday. The meeting has been rescheduled for July 10 in MathStar (Pink Sheets: MATH) developedf a programmable semiconductor until it shut down in May 2008. It has sincew been on the look-out for a merger partnet in the semi-conductor industry.
But a chorus of vocaol shareholders — including the company’s two largest shareholders have urged the companyto liquidate. Ultimately, MathStard agreed to put proxy vote for liquidation on the agend a of itsannual meeting, while recommending that shareholders rejecft the proposal. Meanwhile, the company last week urgedd stockholders to reject a tender offer made last monthg by Tiberius Capital II LLCof $1.1t per share.
In a SEC filing, it said it was mullinbg two better options, including a potentiak merger with an unidentified privats company and restarting operations thankx to an opportunity to acquire a new video technology similae to one previously created by MathStar shares were unchangeds Wednesdayat $1.18 per share. It has a 52-week rangse between 63 cents and
Tuesday, January 15, 2013
Rolling Mill Hill condos head into receivership - Nashville Business Journal:
fusajacuxejilyp.blogspot.com
The Rolling Mill Hill condominiums were forced into receivershiop Tuesday by a lawsuit file d by on behalf of itselfg andother lenders. The suit also asks the court to allow foreclosure onthe three-building projecf on Hermitage Avenue. The lenders claims non-payment of $21.4 milliomn in construction loans taken out bythe property’es owners, , a Wisconsin-basex holding company for the project’s investors. The original constructioh loanswere $42.8 million, but that amoun t was reduced in a loan amendment on 26. , out of Greejn Bay, Wis., was teaming with the to redevelopthe 34-acre Rolling Mill Hill site south of downtown alongy the Cumberland River.
Direct had planned a $55 million projecyt with four condo buildings on the site of theold , but canceledf plans for one of the buildingas last year. John Hopfensperger, president of Direct, said Tuesdaty that his firm was no longer involved inthe project, and that the remaininvg development was being handled by the investort group, RMH. A contacrt with RMH could not be reachefdfor comment. The lenders’ suit says the loan has been in defaulttsince Jan. 14, and the owners are now so short on cash that they were unable to pay theirutility bills, which resulted in water service to the buildingsa being shut off last week.
Though the projecf was completedby mid-April, no units in any of the buildingsz have been purchased, according to records with the Davidson County Register of The roughly 75 condows were primarly priced between $230,00o to $680,000. Fifteen of the project’zs units had been designated as “affordablee housing” and were priced at $139,000 per unit. The developmen ran into problems because Direct was without enough money to pay for expenses even aftee workwas completed, says Walker president of , general contractor for the He says the condos have great and construction was finished by Aprikl 14, as promised two yearzs earlier.
“The unfortunate thing is we got all the way to thefinisuh line, and it turns into a mess,” Mathews says. It is too early to tell what will happen withthe properties. John who has been appointed receiver of the will have to evaluate the potential avenuees for disposing ofthe property, says John Kelley of , whic is representing the lenders. A Davidson County Chancerg Court date is set for Wednesdah for Cheatle to presentg hisinitial findings.
The condo s are just a portion ofMetro Nashville’s largetr Rolling Mill Hill revitalization effort, whichh has been in the works for more than a A public-private partnership between MDHA and select the project includes plans for retail shops and A timeline for the buildouy remains unclear. But Tuesday’xs filing includes only the three existinh residentialcondos — two new high-rise buildingas and a renovated historic hospitao buildling. This isn’t the first setback for the project.
Last September, Baltimore-basex , who had eyed the site on the west bank of the Cumberlandr River for amajor mixed-uss project, closed its Nashville office and abandoned efforts with the development. Plans had called for 214 a 224,000-square-foot office building and up to 50,000 squares feet of retail. Metro has already put about $10 million into the purchasre of land and infrastructure for the condosz and has establisheda $3.5 million tax incremeny finance zone around the project to pay off developmengt bonds, says Joe Cain, development director for the housinyg agency, which is acting as the master developerd for the area.
But the city retainw no ownership of the property and has no futurd liabilityfor it, he says. The project has faceds the same troubles as many new Cain says. “Just like it’ hit everywhere across the country, these projects coming on line are havinv trouble gettingthe (units) sold,” he This is the third large-scale condo development to go into receivershilp in the past six months, following 5th & Main, just acrosd the Cumberland River from downtown Nashville, and the Braxtom in Ashland City.
The Rolling Mill Hill condominiums were forced into receivershiop Tuesday by a lawsuit file d by on behalf of itselfg andother lenders. The suit also asks the court to allow foreclosure onthe three-building projecf on Hermitage Avenue. The lenders claims non-payment of $21.4 milliomn in construction loans taken out bythe property’es owners, , a Wisconsin-basex holding company for the project’s investors. The original constructioh loanswere $42.8 million, but that amoun t was reduced in a loan amendment on 26. , out of Greejn Bay, Wis., was teaming with the to redevelopthe 34-acre Rolling Mill Hill site south of downtown alongy the Cumberland River.
Direct had planned a $55 million projecyt with four condo buildings on the site of theold , but canceledf plans for one of the buildingas last year. John Hopfensperger, president of Direct, said Tuesdaty that his firm was no longer involved inthe project, and that the remaininvg development was being handled by the investort group, RMH. A contacrt with RMH could not be reachefdfor comment. The lenders’ suit says the loan has been in defaulttsince Jan. 14, and the owners are now so short on cash that they were unable to pay theirutility bills, which resulted in water service to the buildingsa being shut off last week.
Though the projecf was completedby mid-April, no units in any of the buildingsz have been purchased, according to records with the Davidson County Register of The roughly 75 condows were primarly priced between $230,00o to $680,000. Fifteen of the project’zs units had been designated as “affordablee housing” and were priced at $139,000 per unit. The developmen ran into problems because Direct was without enough money to pay for expenses even aftee workwas completed, says Walker president of , general contractor for the He says the condos have great and construction was finished by Aprikl 14, as promised two yearzs earlier.
“The unfortunate thing is we got all the way to thefinisuh line, and it turns into a mess,” Mathews says. It is too early to tell what will happen withthe properties. John who has been appointed receiver of the will have to evaluate the potential avenuees for disposing ofthe property, says John Kelley of , whic is representing the lenders. A Davidson County Chancerg Court date is set for Wednesdah for Cheatle to presentg hisinitial findings.
The condo s are just a portion ofMetro Nashville’s largetr Rolling Mill Hill revitalization effort, whichh has been in the works for more than a A public-private partnership between MDHA and select the project includes plans for retail shops and A timeline for the buildouy remains unclear. But Tuesday’xs filing includes only the three existinh residentialcondos — two new high-rise buildingas and a renovated historic hospitao buildling. This isn’t the first setback for the project.
Last September, Baltimore-basex , who had eyed the site on the west bank of the Cumberlandr River for amajor mixed-uss project, closed its Nashville office and abandoned efforts with the development. Plans had called for 214 a 224,000-square-foot office building and up to 50,000 squares feet of retail. Metro has already put about $10 million into the purchasre of land and infrastructure for the condosz and has establisheda $3.5 million tax incremeny finance zone around the project to pay off developmengt bonds, says Joe Cain, development director for the housinyg agency, which is acting as the master developerd for the area.
But the city retainw no ownership of the property and has no futurd liabilityfor it, he says. The project has faceds the same troubles as many new Cain says. “Just like it’ hit everywhere across the country, these projects coming on line are havinv trouble gettingthe (units) sold,” he This is the third large-scale condo development to go into receivershilp in the past six months, following 5th & Main, just acrosd the Cumberland River from downtown Nashville, and the Braxtom in Ashland City.
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