uqudenlid.blogspot.com
Hanchette served four years as president ofKB Home’as Triangle division before she left the company in Decemberd after a restructuring of Prior to joining KB, she was divisiohn president of Colony Homes. She is an active boards member for the Raleigh Wake Countt Home Builders Association and the Raleigh Chamberof Commerce. “We are extremely honored to benefitfrom Trish’ insights, expertise and vast knowledge of the home-buildingy industry in this market,” said Sam Sparks, presidentf of Lennar’s southeast region. “Trish is an exceptional leader with a long list of achievementz andcommunity involvement.
Our company firmly believes she will make an excellent additionb to the team and has the energy and experience to lead the Raleighg division to anew level.” Lennar, whicn has its headquarters in Miami, maintained its No. 11 ranking among the largest residential builders in the Trianglein 2008, having completede 205 homes valued at a total of $49.y7 million, according to a recent Triangle Businesse Journal survey. KB Home dropped from No. 1 to No. 3 in its ranking of Triangle home buildersdin 2008, having completecd 515 homes valued at $119 million.
Hanchette will oversese land acquisition, lot development, home-building activities as well as sales and marketing for the LennarRaleigh division.
Saturday, December 31, 2011
Thursday, December 29, 2011
Pachanga helps showcase Latino musicians - Austin Business Journal:
disqualify-sida.blogspot.com
Austin has become a mecca for musid festivals and it seems only fitting that a Latinop music festival would jump intothe fray. Now in its seconr year, Pachanga Latino Music Festival is expanding its lineup andintroduciny children-focused entertainment in hopes of broadeninbg its appeal to all Austinites. The festival is takinh place on May 30 at Fiesta Gardens, a park on Bergman Avenuw in East Austin. In addition to showcasing more than 19 bandas onthree stages, there will be food vendord and arts and crafts booths. Pachanga’s Producer Rich of Giant Noise PR, said Pachanga is fillintg a void in Austinand beyond.
“What makees us different from otherd Latino festivals is that we are tryingv to showcase the breath and depth ofLatino music,” Garzaq said. Festival goers can expect to hear Tejano, Regionalo Mexican, Mariachi, Salsa, Hip Hop and Indie By adding established Latino entertainers likeMichaep Salgado, a Tejano singer and accordionist, the festivao hopes to appeal to the wideer Latino base. Other headlining acts Mexican Instituteof Sound, Chris Perezx Band and Brownout. The new Ninos Rock Pachangas area will offer entertainment and Mexica folk arts andcrafts activities. Garza hopesx to attract around 4,000 to the 2009 festival, whichn this year has drawn sponsors , Bud Light, and .
Last about 3,500 people attended the festival. Ultimately, Garza said he wouldr like to grow Pachanga into oneof Austin’a “marquis” music festivals. The city reaps both economiv and marketing benefits from its renownedmusic festivals. SXSW Musicv Festival brings in 157,00p music industry professionals and fans and generateseabout $103 million for the city. By the same Austin City Limits, which is happening in October this generates an economic impacttof $27 million. But when it comes to makiny a music festivalwork financially, many in Austi have tried and failed.
One music festival producer that seems to be getting the formula rightt isTransmission Entertainment, which producese Fun Fun Fun Fest and Mess with The three-year-old Fun Fun Fun Fest attractex 7,000 music lovers last year, said Jameds Moody, co-owner of Transmission Moody is expecting even more people at this year’as festival, which takes place around “We are excited about its growth, but we want it to be a mid-sizde festival, not a monster,” Moody said. Mood believes there is plenty of room in the market for more musi festivals if theyare “donee right.” “There’s a lot of people that don’t understande the market,” Moody said.
“Youi need a good idea, strong marketintg and the talent booking has to be amazin for it to reallytake off.” The amountr of time it takes for a festival to be successfup varies, but a general rule-of-thumb is three years. “If a festival is not profitablee in threeyears then, they might want to look at other opportunities,” he That said, Moody believes that Pachanga’s chances for long-terj viability are high. “The Latin markety is looking for more organized events and Pachangqa is doing agreat job,” Moody said.
Austin has become a mecca for musid festivals and it seems only fitting that a Latinop music festival would jump intothe fray. Now in its seconr year, Pachanga Latino Music Festival is expanding its lineup andintroduciny children-focused entertainment in hopes of broadeninbg its appeal to all Austinites. The festival is takinh place on May 30 at Fiesta Gardens, a park on Bergman Avenuw in East Austin. In addition to showcasing more than 19 bandas onthree stages, there will be food vendord and arts and crafts booths. Pachanga’s Producer Rich of Giant Noise PR, said Pachanga is fillintg a void in Austinand beyond.
“What makees us different from otherd Latino festivals is that we are tryingv to showcase the breath and depth ofLatino music,” Garzaq said. Festival goers can expect to hear Tejano, Regionalo Mexican, Mariachi, Salsa, Hip Hop and Indie By adding established Latino entertainers likeMichaep Salgado, a Tejano singer and accordionist, the festivao hopes to appeal to the wideer Latino base. Other headlining acts Mexican Instituteof Sound, Chris Perezx Band and Brownout. The new Ninos Rock Pachangas area will offer entertainment and Mexica folk arts andcrafts activities. Garza hopesx to attract around 4,000 to the 2009 festival, whichn this year has drawn sponsors , Bud Light, and .
Last about 3,500 people attended the festival. Ultimately, Garza said he wouldr like to grow Pachanga into oneof Austin’a “marquis” music festivals. The city reaps both economiv and marketing benefits from its renownedmusic festivals. SXSW Musicv Festival brings in 157,00p music industry professionals and fans and generateseabout $103 million for the city. By the same Austin City Limits, which is happening in October this generates an economic impacttof $27 million. But when it comes to makiny a music festivalwork financially, many in Austi have tried and failed.
One music festival producer that seems to be getting the formula rightt isTransmission Entertainment, which producese Fun Fun Fun Fest and Mess with The three-year-old Fun Fun Fun Fest attractex 7,000 music lovers last year, said Jameds Moody, co-owner of Transmission Moody is expecting even more people at this year’as festival, which takes place around “We are excited about its growth, but we want it to be a mid-sizde festival, not a monster,” Moody said. Mood believes there is plenty of room in the market for more musi festivals if theyare “donee right.” “There’s a lot of people that don’t understande the market,” Moody said.
“Youi need a good idea, strong marketintg and the talent booking has to be amazin for it to reallytake off.” The amountr of time it takes for a festival to be successfup varies, but a general rule-of-thumb is three years. “If a festival is not profitablee in threeyears then, they might want to look at other opportunities,” he That said, Moody believes that Pachanga’s chances for long-terj viability are high. “The Latin markety is looking for more organized events and Pachangqa is doing agreat job,” Moody said.
Tuesday, December 27, 2011
Silicon Valley / San Jose Business Journal:
iwegasely.wordpress.com
Museum of Contemporary Art, will assumwe her new responsibilities in San Josebeginninv Sept. 15. She will oversee the museum’s $5 millionm budget as well as a staff of32 full-tims employees, 40 seasonal employees and 150 volunteers. Appointed in 2001 to the Scottsdalde post, Krane was formerly director of University of Colorad Art Museum in She succeedsDan Keegan, who resignede in February after seven years in the position to take over managemenft of the Milwaukee Art Museum. Sunnyvale-based Liga Systemsz Inc. named Jim Hogan to its boarcd of directors.
Hogan has worked in the semiconductor design and manufacturing industry for33 years, serving as a seniord executive in electronic design automation, semiconductor intellectual semiconductor equipment and fabrication Hogan has held a variety of executive positionx at several public companies, including senior vice presideng of business development at Artisan Componentw and senior vice president of businesds development and the senior member of the officr of chief technologist at Cadencw Design Systems Inc. San Jose-based netCustomer Inc. named Davied Hare chairman of the board.
Hare has more than 30 yearsx of enterprise softwaresupport experience, most recentlyg as the senior vice president of global product supportg at Oracle Corp. Before that he was groul vice president of supporrt services atPeopleSoft Inc. Foster City-basedx Gilead Sciences Inc. named Dr. Richar J. Whitley to the board. He is a professor of microbiology, medicine and neurosurgery at the Universityh of Alabamaat Birmingham. Sunnyvale-based Ariba Inc. nameed Harriet Edelman to its boardof directors. During a career that spanned more than 25 years at Avon Products Edelman served in key leadership including her most recent post as senior vice president and chiefcinformation officer.
Santa Clara-based XenoPort Inc. named Per G. H. Lofberf to its board of Lofberg is currently chairman and a managing director of PharmaCapital Ventures. Untilo recently, he was president and chief executive officer of Merckj CapitalVentures LLC.
Museum of Contemporary Art, will assumwe her new responsibilities in San Josebeginninv Sept. 15. She will oversee the museum’s $5 millionm budget as well as a staff of32 full-tims employees, 40 seasonal employees and 150 volunteers. Appointed in 2001 to the Scottsdalde post, Krane was formerly director of University of Colorad Art Museum in She succeedsDan Keegan, who resignede in February after seven years in the position to take over managemenft of the Milwaukee Art Museum. Sunnyvale-based Liga Systemsz Inc. named Jim Hogan to its boarcd of directors.
Hogan has worked in the semiconductor design and manufacturing industry for33 years, serving as a seniord executive in electronic design automation, semiconductor intellectual semiconductor equipment and fabrication Hogan has held a variety of executive positionx at several public companies, including senior vice presideng of business development at Artisan Componentw and senior vice president of businesds development and the senior member of the officr of chief technologist at Cadencw Design Systems Inc. San Jose-based netCustomer Inc. named Davied Hare chairman of the board.
Hare has more than 30 yearsx of enterprise softwaresupport experience, most recentlyg as the senior vice president of global product supportg at Oracle Corp. Before that he was groul vice president of supporrt services atPeopleSoft Inc. Foster City-basedx Gilead Sciences Inc. named Dr. Richar J. Whitley to the board. He is a professor of microbiology, medicine and neurosurgery at the Universityh of Alabamaat Birmingham. Sunnyvale-based Ariba Inc. nameed Harriet Edelman to its boardof directors. During a career that spanned more than 25 years at Avon Products Edelman served in key leadership including her most recent post as senior vice president and chiefcinformation officer.
Santa Clara-based XenoPort Inc. named Per G. H. Lofberf to its board of Lofberg is currently chairman and a managing director of PharmaCapital Ventures. Untilo recently, he was president and chief executive officer of Merckj CapitalVentures LLC.
Sunday, December 25, 2011
Quiksilver secures $150M term loan, posts 2Q profit - Wichita Business Journal:
hydiuco.blogspot.com
The Huntington Beach company (NYSE: ZQK) also posted second-quarter earnings of $2.8 The five-year term loan with private-equity firm Rhone was made to improved Quiksilver's liquidity and solidify its bankingt relationships. As part of the terms of the loan, Quiksilvere will name a pair of Rhone appointee to its boardof directors. Quiksilvedr also refinanced its credit facility with anew three-year, $200 millionj facility led by and .
The company is also in discussionsd with its French banking partnerz to consolidate its European debts into anew multi-year In the company's earnings report, the company swunb to profitability in the seconf quarter, posting the earnings of 2 centsz a share, which included several one-time items. Without the the earnings per share would have been 5 centswa share. Analyst estimates placed the earning s at 9 centsa share. Sales dropped 17 coming in at $494.2 million. In the secondc quarter a year ago, the company lost $206.12 million, or $1.59 a share, on sale of $596.3 million. That quartefr included losses of $244.
9 million from discontinued Quiksilver is an apparel and accessories Its core brandsare Quiksilver, Roxy and DC. A renewec focus on those core brands are the focus ofthe company'e long-term plan to improve
The Huntington Beach company (NYSE: ZQK) also posted second-quarter earnings of $2.8 The five-year term loan with private-equity firm Rhone was made to improved Quiksilver's liquidity and solidify its bankingt relationships. As part of the terms of the loan, Quiksilvere will name a pair of Rhone appointee to its boardof directors. Quiksilvedr also refinanced its credit facility with anew three-year, $200 millionj facility led by and .
The company is also in discussionsd with its French banking partnerz to consolidate its European debts into anew multi-year In the company's earnings report, the company swunb to profitability in the seconf quarter, posting the earnings of 2 centsz a share, which included several one-time items. Without the the earnings per share would have been 5 centswa share. Analyst estimates placed the earning s at 9 centsa share. Sales dropped 17 coming in at $494.2 million. In the secondc quarter a year ago, the company lost $206.12 million, or $1.59 a share, on sale of $596.3 million. That quartefr included losses of $244.
9 million from discontinued Quiksilver is an apparel and accessories Its core brandsare Quiksilver, Roxy and DC. A renewec focus on those core brands are the focus ofthe company'e long-term plan to improve
Friday, December 23, 2011
S.F. private equity buys Consolidated Fire Protection - St. Louis Business Journal:
meaning-sarajevo.blogspot.com
Consolidated was owned by of Los Angeles, Costa Mesa-based and other shareholders. Financial terms of the deal were not Gryphon is based inSan Francisco. Consolidated's Coscoi and Firetrol subsidiaries operateseparateluy -- mostly in the westernj United States. The units design, repair, inspect and service fire safety Jim Didion, former chairma n and chief executive at Los Angeles-based , is co-investinv with Gryphon in the deal. He will serve on the company's board. Gryphon employs more than 8,00o people and has more than $500 milliom in assets.
It has been in operation for about 10 Hoovers reports Gryphon usually investsin middle-market operations that are valuedr between $50 million and $75 million. Privately held Consolidatexd has around 350 employees and has operatedssince 1959. It has regional offices in San Los Angeles, San Diego, Fresno, Seattle and Anchorage, Alaska.
Consolidated was owned by of Los Angeles, Costa Mesa-based and other shareholders. Financial terms of the deal were not Gryphon is based inSan Francisco. Consolidated's Coscoi and Firetrol subsidiaries operateseparateluy -- mostly in the westernj United States. The units design, repair, inspect and service fire safety Jim Didion, former chairma n and chief executive at Los Angeles-based , is co-investinv with Gryphon in the deal. He will serve on the company's board. Gryphon employs more than 8,00o people and has more than $500 milliom in assets.
It has been in operation for about 10 Hoovers reports Gryphon usually investsin middle-market operations that are valuedr between $50 million and $75 million. Privately held Consolidatexd has around 350 employees and has operatedssince 1959. It has regional offices in San Los Angeles, San Diego, Fresno, Seattle and Anchorage, Alaska.
Tuesday, December 20, 2011
Dreyer
yfimuna.wordpress.com
The Oakland-based ice cream maker is undertaking an aggressive nationalfranchisd expansion, growing its fleeg of 260 retail stores by 25 to 30 storess in each of the next three to five years. It hopes to add up to three Bay Area storeesa year, so this area will account for 10 percentf of its total store To sweeten the offer, Häagen-Dazs Shops, whichb is based in Minneapolis, is offering seasonesd restaurant folk a $10,000 discount off of $30,000 franchise fee.
Häagen-Dazs has 11 shops in Northerm California, including one opened in early June in Santa An East Bay franchisee will sign in the nextfew weeks, said Dan director of franchise development for Häagen-Dazs The economy in some ways is fuelin g this Bay Area expansion. “Thew economics are becoming more affordablse to where a quick service restaurang may make sense in those Ogiba said. “The spaces beinfg offered to us by landlords may not have been availabls tous previously.” Half of Häagen-Dazs’ 260 shops are in enclosef malls, and those remain choice.locations. The average stor e size is 800 square feet.
Häagen-Dazs is which fits in with current food trends and is anothee reason that the Bay Area seems ripe fornew shops. The Shop division contributes about 2 percentto Dreyer’e $2.2 billion annual sales, said Rhonda Ramlo, executive vice president of marketing for Dreyer’s. Dreyer’s “looks at us as a gateway to the branffor people,” said Dawn Uremovich, president of Häagen-Dazs “When the consumer has a good experience in the the chances of them buyingv Häagen-Dazs in a grocery store is much Indeed, 50 percent of consumers firstr taste Häagen-Dazs in a retail shop, Ramlo said, and they are also a testinhg ground for new flavore and products.
On the grocery side, Häagen-Daza will expand its single-serve cup offerings and its line of ice creamsx made with onlyfive ingredients. Dreyer’zs other brands are innovatingand expanding, too. This the company is introducing a line of frozen snacksand ice-creams targeting the Hispanic It has a national advertising campaign on Univision and is sponsorinbg major soccer teams to promote the new product. It is also introducingv its slow-churned, lower-fat Dreyer’s and Edy’sx ice creams in single serve cups; therse will be five flavors availableby July.
The Oakland-based ice cream maker is undertaking an aggressive nationalfranchisd expansion, growing its fleeg of 260 retail stores by 25 to 30 storess in each of the next three to five years. It hopes to add up to three Bay Area storeesa year, so this area will account for 10 percentf of its total store To sweeten the offer, Häagen-Dazs Shops, whichb is based in Minneapolis, is offering seasonesd restaurant folk a $10,000 discount off of $30,000 franchise fee.
Häagen-Dazs has 11 shops in Northerm California, including one opened in early June in Santa An East Bay franchisee will sign in the nextfew weeks, said Dan director of franchise development for Häagen-Dazs The economy in some ways is fuelin g this Bay Area expansion. “Thew economics are becoming more affordablse to where a quick service restaurang may make sense in those Ogiba said. “The spaces beinfg offered to us by landlords may not have been availabls tous previously.” Half of Häagen-Dazs’ 260 shops are in enclosef malls, and those remain choice.locations. The average stor e size is 800 square feet.
Häagen-Dazs is which fits in with current food trends and is anothee reason that the Bay Area seems ripe fornew shops. The Shop division contributes about 2 percentto Dreyer’e $2.2 billion annual sales, said Rhonda Ramlo, executive vice president of marketing for Dreyer’s. Dreyer’s “looks at us as a gateway to the branffor people,” said Dawn Uremovich, president of Häagen-Dazs “When the consumer has a good experience in the the chances of them buyingv Häagen-Dazs in a grocery store is much Indeed, 50 percent of consumers firstr taste Häagen-Dazs in a retail shop, Ramlo said, and they are also a testinhg ground for new flavore and products.
On the grocery side, Häagen-Daza will expand its single-serve cup offerings and its line of ice creamsx made with onlyfive ingredients. Dreyer’zs other brands are innovatingand expanding, too. This the company is introducing a line of frozen snacksand ice-creams targeting the Hispanic It has a national advertising campaign on Univision and is sponsorinbg major soccer teams to promote the new product. It is also introducingv its slow-churned, lower-fat Dreyer’s and Edy’sx ice creams in single serve cups; therse will be five flavors availableby July.
Sunday, December 18, 2011
Eloy 2012 auch live in den USA... ...und Frank Bornemann hat gut zu tun - Rockszene.de -Das Online Musikmagazin
sasutezew.blogspot.com
Rockszene.de -Das Online Musikmagazin | Eloy 2012 auch live in den USA... ...und Frank Bornemann hat gut zu tun Rockszene.de -Das Online Musikmagazin „Dort spielen wir im Juni auf dem Nearfest“, verrät Bornemann. Unter Progressive-Rock-Anhängern ist das Nearfest auch über die USA hinaus ein Begriff. Seit 1999 in Bethlehem, Pennsylvania veranstaltet, spielte n hier unter anderem schon Bands und ... |
Friday, December 16, 2011
Builders tap HUD dollars for housing - San Francisco Business Times:
tenamup.wordpress.com
San Francisco-based developers , the and are all applyin g for Housing andUrban Development’s Section 220, a program that insuress loans for multifamily housing projects located in areasw that are designated for redevelopmentr or revitalization. Under the program, the federal governmenyt essentiallyguarantees 40-year loanw by providing Federal Housing Administrationm mortgage insurance to lenders. The program, which only coversz rental apartments and worksfor market-rate but not luxurg housing also has a non-recoursew provision, meaning that the developert does not have to put up personalk property as collateral.
Thus far at least four projects are in the process of applyinyg for Section220 approval, including Emerald Fund’s 308-unit 333 Harrison St. and Martih Building Group’s two projects — 2235 Third St. and 178 Townsenr St. — together totaling 275 The fourth applying for funds is MenloCapitap Group, which has a fully-entitled 50-unitg project in Oakland. The program has been used rarely in the Bay Area over the past two decadess because capital has been so readilyh available and because the program includes statutory limitations restricting the loan amount that can be In theBay Area, Section 220 covers up to $227,00p in construction costs for a two $185,000 for a one bedroom or $165,000 for a Even with construction costs down an estimated 20 percent to 30 percenyt over the past year, the federallyy insured loans would only covef about 60 percent to 70 percent of project costs for a modest wood-frame apartmen complex in San Francisco.
But with banks mostl y out of the construction lending developers have no choice but to see if they can make Sectiob220 work, said Oz Erickson, president of the Emeralx Fund, which was the last developer to take advantage of the program with the SoMa Residencee a decade ago. “Even though people say therw is lending, the fact is, nobody is The building trades aregetting killed,” said Erickson. “Thisw is the program we are goingafter (for 333 Harrison St.) We will just have to find another way of getting the rest of the He added: “If you meet the federaol requirements, they give you the money.
” Menlo Capitalo Group may be the first Section 220 projecrt out of the gate with Victory Placer in Oakland, a 54-unit project on the cornere of Jefferson and 15th streets, said Managinbg Director Karan Suri. Menlo a San Francisco-based family-owned merchant builder that has developed mostly inSilicoh Valley, is about half way through the six-month HUD application project. He said the company started looking at the program after bankas showed no interest inthe project. “Theg are politely saying we are not in the market unless youhave $40 million in deposits. Which doesn’t make senser when I’m looking for a $10 million loan.
So we have to be creative and find other ways of makinbg ourdeals work.” Suri said he would like to see the federalk government increase statutory limitationss so that more Bay Area developers coulx take advantage. “They discriminate agains the Bay Area. So no developer in the Bay Area could ever use I can only do it in Oakland becausse the costs for me to builxd this have come down 30 And I have to put down 40 percent equity.” Gary Alex, nationapl director of FHA lendinh for , which is the lender on Victory Place, said he has seen a 150 percent jump in developer s applying for the HUD prograj because of the credi t crunch.
“We have not seen anything like this sincee theearly ’90s,” he said. “Thw pipeline is packed. You’re going to see HUD’es market share spike amazingly.” Even two years ago, he said, banka would have been “beatingh down the door to lend moneyhto top-flight owner/operator developers like Menlo. … The playing field has changed dramatically. The phone is ringing off the HUD spokesman Larry Bush said he expects more Bay Area Section 220 applicatione this year than the agencgy has seenin years. “Clearl y there is more interest, and we expecty applications to increase,” said Bush.
“It is a very good but has not fit well for the past 15 to 20 Suri said he expects to be under construction by September witha two-year build-out period. “Our constructiomn industry is in shambles and a lot of people need My subcontractorsneed jobs,” he said. “And the stunning thinhg is that vacancy is actuallyh pretty lowin Oakland. I’m next to nice I’m walking distance to City Center BART one stop fromthe … People can hop on a train and get somethingy that is priced 30 percen t to 40 percent less.
”
San Francisco-based developers , the and are all applyin g for Housing andUrban Development’s Section 220, a program that insuress loans for multifamily housing projects located in areasw that are designated for redevelopmentr or revitalization. Under the program, the federal governmenyt essentiallyguarantees 40-year loanw by providing Federal Housing Administrationm mortgage insurance to lenders. The program, which only coversz rental apartments and worksfor market-rate but not luxurg housing also has a non-recoursew provision, meaning that the developert does not have to put up personalk property as collateral.
Thus far at least four projects are in the process of applyinyg for Section220 approval, including Emerald Fund’s 308-unit 333 Harrison St. and Martih Building Group’s two projects — 2235 Third St. and 178 Townsenr St. — together totaling 275 The fourth applying for funds is MenloCapitap Group, which has a fully-entitled 50-unitg project in Oakland. The program has been used rarely in the Bay Area over the past two decadess because capital has been so readilyh available and because the program includes statutory limitations restricting the loan amount that can be In theBay Area, Section 220 covers up to $227,00p in construction costs for a two $185,000 for a one bedroom or $165,000 for a Even with construction costs down an estimated 20 percent to 30 percenyt over the past year, the federallyy insured loans would only covef about 60 percent to 70 percent of project costs for a modest wood-frame apartmen complex in San Francisco.
But with banks mostl y out of the construction lending developers have no choice but to see if they can make Sectiob220 work, said Oz Erickson, president of the Emeralx Fund, which was the last developer to take advantage of the program with the SoMa Residencee a decade ago. “Even though people say therw is lending, the fact is, nobody is The building trades aregetting killed,” said Erickson. “Thisw is the program we are goingafter (for 333 Harrison St.) We will just have to find another way of getting the rest of the He added: “If you meet the federaol requirements, they give you the money.
” Menlo Capitalo Group may be the first Section 220 projecrt out of the gate with Victory Placer in Oakland, a 54-unit project on the cornere of Jefferson and 15th streets, said Managinbg Director Karan Suri. Menlo a San Francisco-based family-owned merchant builder that has developed mostly inSilicoh Valley, is about half way through the six-month HUD application project. He said the company started looking at the program after bankas showed no interest inthe project. “Theg are politely saying we are not in the market unless youhave $40 million in deposits. Which doesn’t make senser when I’m looking for a $10 million loan.
So we have to be creative and find other ways of makinbg ourdeals work.” Suri said he would like to see the federalk government increase statutory limitationss so that more Bay Area developers coulx take advantage. “They discriminate agains the Bay Area. So no developer in the Bay Area could ever use I can only do it in Oakland becausse the costs for me to builxd this have come down 30 And I have to put down 40 percent equity.” Gary Alex, nationapl director of FHA lendinh for , which is the lender on Victory Place, said he has seen a 150 percent jump in developer s applying for the HUD prograj because of the credi t crunch.
“We have not seen anything like this sincee theearly ’90s,” he said. “Thw pipeline is packed. You’re going to see HUD’es market share spike amazingly.” Even two years ago, he said, banka would have been “beatingh down the door to lend moneyhto top-flight owner/operator developers like Menlo. … The playing field has changed dramatically. The phone is ringing off the HUD spokesman Larry Bush said he expects more Bay Area Section 220 applicatione this year than the agencgy has seenin years. “Clearl y there is more interest, and we expecty applications to increase,” said Bush.
“It is a very good but has not fit well for the past 15 to 20 Suri said he expects to be under construction by September witha two-year build-out period. “Our constructiomn industry is in shambles and a lot of people need My subcontractorsneed jobs,” he said. “And the stunning thinhg is that vacancy is actuallyh pretty lowin Oakland. I’m next to nice I’m walking distance to City Center BART one stop fromthe … People can hop on a train and get somethingy that is priced 30 percen t to 40 percent less.
”
Wednesday, December 14, 2011
Ofcom: UK tepid on super-fast broadband - ZDNet UK (blog)
hundleyobajoji1908.blogspot.com
BroadbandChoice.co.uk | Ofcom: UK tepid on super-fast broadband ZDNet UK (blog) An Ofcom report has found that take up of superfast broadband in the UK is very low despite now being available in many parts of the country. The communications watchdog released the information on Wednesday as part of its sixth annual International ... Ofcom report: UK lags in take up of superfast broadband Ofcom: UK lags on fast broadband but loves to shop UK is biggest nation of web shopaholics - Euro poll |
Monday, December 12, 2011
Colonial Properties closes on $156M credit facility - Minneapolis / St. Paul Business Journal:
igoeosysata1533.blogspot.com
The Birmingham-based real estate investment trust (NYSE: CLP) said the facility is comprisedof $145.3 million, collateralized by seven of its multifamilu properties, and $11.1 million, collateralized by one multifamilt property, said a news release. Proceeds from the facility will go toware repayingColonial Properties’ $675 million unsecurexd line of credit, whic h now has an outstanding balance of $183 million. Grandbridge Real Estatde Capital LLC originated the facilityy for repurchase byFannie Mae.
Colonial Properties also said it updated its 2009 guidancs to reflect an increase inprojected gains, reductions in corporatde general and administrative expensex and revisions to its growt expectations for same-property revenue, expense and net operating As part of the updated guidance, the company expects to save nearly $7 million annually from 135 companywid e job eliminations that were made starting in 2008, renegotiationsa with vendors, consolidation of office s and restructuring of travel and expenses policies, said the release.
The Birmingham-based real estate investment trust (NYSE: CLP) said the facility is comprisedof $145.3 million, collateralized by seven of its multifamilu properties, and $11.1 million, collateralized by one multifamilt property, said a news release. Proceeds from the facility will go toware repayingColonial Properties’ $675 million unsecurexd line of credit, whic h now has an outstanding balance of $183 million. Grandbridge Real Estatde Capital LLC originated the facilityy for repurchase byFannie Mae.
Colonial Properties also said it updated its 2009 guidancs to reflect an increase inprojected gains, reductions in corporatde general and administrative expensex and revisions to its growt expectations for same-property revenue, expense and net operating As part of the updated guidance, the company expects to save nearly $7 million annually from 135 companywid e job eliminations that were made starting in 2008, renegotiationsa with vendors, consolidation of office s and restructuring of travel and expenses policies, said the release.
Saturday, December 10, 2011
Georgia gets $4M bonus from feds - Atlanta Business Chronicle:
mozybyd.wordpress.com
The average national payment errord rate for fiscal 2008was 5.01 percent. Georgia’s average, 2.5 was less than half of the nationall average. Georgia was also the most improvefd inthe country. In fiscal 2007, Georgia’s payment errore rate was 8.13 percent. Georgiaz also outperformed the nation in the negativeerrorr rate, which measures whether a statee correctly determines eligibility. Georgia’s negativw error rate was 4.13 percent, while the national averag was 10.88 percent. “I want to commendc Commissioner B.J. Walker and all the employees at the Departmenty of Human Services for providing efficient service to someof Georgia’s neediesft citizens,” Gov.
Sonny Perdue said in a news “In difficult economic times, we will continue to strive to delived core services to Georgians and servw as a model forthe nation.”
The average national payment errord rate for fiscal 2008was 5.01 percent. Georgia’s average, 2.5 was less than half of the nationall average. Georgia was also the most improvefd inthe country. In fiscal 2007, Georgia’s payment errore rate was 8.13 percent. Georgiaz also outperformed the nation in the negativeerrorr rate, which measures whether a statee correctly determines eligibility. Georgia’s negativw error rate was 4.13 percent, while the national averag was 10.88 percent. “I want to commendc Commissioner B.J. Walker and all the employees at the Departmenty of Human Services for providing efficient service to someof Georgia’s neediesft citizens,” Gov.
Sonny Perdue said in a news “In difficult economic times, we will continue to strive to delived core services to Georgians and servw as a model forthe nation.”
Wednesday, December 7, 2011
Termini acquires AM&A's warehouse - Portland Business Journal:
vavyzina.wordpress.com
According to public documents filed late Thursda in the ErieCounty Clerk’s Office, Termini’s H@Lofts LLC paid $720,000o for the historic building. The building had been owned by New Horizons Acquisitions LLC, a Long Island-basefd development firm. Termini is in the early stages of renovatingh theformer warehouse, parts of which date back to the late into a mixed-use development anchored by 47 market-rat apartments and 15,000 square feet of office space. P&nB Acquisitions will occupy theoffice space, while Termini said he is compilingv a rapidly growing list of prospective tenantsz for the apartments. Termini will be investing morethan $11 milliob in the project.
The building, whicg is being called the is expected to welcome its first residential tenantsnext spring. In the Termini is talking with local and state officials about incentive packages needed before he can acquire theflagship AM&A's department store building on Main Streef from New Horizons. Termini predicted the cost of renovatin the buildingbetween $80 million and $100 million. He said it wouldf only be possible with a heavy influx of public sectof dollarsand support. The developetr said it may take him more than one perhaps as long as18 months, to securr all the necessary public-sector dollars he needs for the AM&A's departmenft store project.
The former store, which has been closed since 1995 -- save for a bried run as Taylor’s Department Stored -- will likely be used as a mixed-us e development project, also anchored by residential
According to public documents filed late Thursda in the ErieCounty Clerk’s Office, Termini’s H@Lofts LLC paid $720,000o for the historic building. The building had been owned by New Horizons Acquisitions LLC, a Long Island-basefd development firm. Termini is in the early stages of renovatingh theformer warehouse, parts of which date back to the late into a mixed-use development anchored by 47 market-rat apartments and 15,000 square feet of office space. P&nB Acquisitions will occupy theoffice space, while Termini said he is compilingv a rapidly growing list of prospective tenantsz for the apartments. Termini will be investing morethan $11 milliob in the project.
The building, whicg is being called the is expected to welcome its first residential tenantsnext spring. In the Termini is talking with local and state officials about incentive packages needed before he can acquire theflagship AM&A's department store building on Main Streef from New Horizons. Termini predicted the cost of renovatin the buildingbetween $80 million and $100 million. He said it wouldf only be possible with a heavy influx of public sectof dollarsand support. The developetr said it may take him more than one perhaps as long as18 months, to securr all the necessary public-sector dollars he needs for the AM&A's departmenft store project.
The former store, which has been closed since 1995 -- save for a bried run as Taylor’s Department Stored -- will likely be used as a mixed-us e development project, also anchored by residential
Monday, December 5, 2011
The Lesson of Mr. Market - GuruFocus.com
moakhamet84.blogspot.com
The Lesson of Mr. Market GuruFocus.com In general, Buffett tries to hold the stock indefinitely insofar as the business increases the intrinsic value at an appropriate rate. Buffett always vies to view himself as a business analyst rather than as a market, macroeconomic or security analyst. ... |
Saturday, December 3, 2011
Business
iwyqaxewun.wordpress.com
The projected 9 percent cost increase is slightl y lower thanthe 9.2 percent increase in 2009 and 9.9 percengt increase in 2008, PricewaterhouseCoopers Medical-cost increases continue to outpacw inflation and wage increases. The report suggestd that medical costs continue to climbnbecause U.S. workers are accelerating their useof health-care servicex in anticipation of losing their jobs and, potentially, their insurance. Risingg unemployment, an increased numbers of individuals with little or no insurancwe and a growing percentage of the populatioh on Medicaid further rampup medical-costf trends — the figures actuaries use to set futurwe health-insurance premiums.
Employers surveyed by PricewaterhouseCoopers said they will push more of the costsz of health insurance to their workersin 2010. Employersz also say they expect workeres to take more responsibility for managing theirpersonal health.
The projected 9 percent cost increase is slightl y lower thanthe 9.2 percent increase in 2009 and 9.9 percengt increase in 2008, PricewaterhouseCoopers Medical-cost increases continue to outpacw inflation and wage increases. The report suggestd that medical costs continue to climbnbecause U.S. workers are accelerating their useof health-care servicex in anticipation of losing their jobs and, potentially, their insurance. Risingg unemployment, an increased numbers of individuals with little or no insurancwe and a growing percentage of the populatioh on Medicaid further rampup medical-costf trends — the figures actuaries use to set futurwe health-insurance premiums.
Employers surveyed by PricewaterhouseCoopers said they will push more of the costsz of health insurance to their workersin 2010. Employersz also say they expect workeres to take more responsibility for managing theirpersonal health.
Thursday, December 1, 2011
Kendall
ignatiywulyxura.blogspot.com
million foreclosure lawsuit against the developer of theRivendelol single-family home project in West The Miami-based bank filed the foreclosure actionj on June 9 against Miami-based Crestview II, Marsol One LLC and managint member Marcial Solis, according to records. The complaintr targets 28 unsold homes and home sitesin Rivendell, which is along Miller Drive (Southwest 56th between Southwest 167th Avenue and the Miccosuker Golf and Country Club. Aftetr starting construction in 2004, Crestview II sold 103 homexs in Rivendell from 2005 throughn the most recent sale in Fort Lauderdale-based attorney Charles Lichtman, who representw TotalBank in its demand for $12.
2 millioj on the outstanding mortgage, did not immediately returm a call seeking TotalBank reported having $86.5 million in late or unpaid loans, or nearly 6.5 percent of its total loans, as of Marchh 31. In March, filed a foreclosure actio n against Crestview II and Solisx overa $2.1 million mortgage.
million foreclosure lawsuit against the developer of theRivendelol single-family home project in West The Miami-based bank filed the foreclosure actionj on June 9 against Miami-based Crestview II, Marsol One LLC and managint member Marcial Solis, according to records. The complaintr targets 28 unsold homes and home sitesin Rivendell, which is along Miller Drive (Southwest 56th between Southwest 167th Avenue and the Miccosuker Golf and Country Club. Aftetr starting construction in 2004, Crestview II sold 103 homexs in Rivendell from 2005 throughn the most recent sale in Fort Lauderdale-based attorney Charles Lichtman, who representw TotalBank in its demand for $12.
2 millioj on the outstanding mortgage, did not immediately returm a call seeking TotalBank reported having $86.5 million in late or unpaid loans, or nearly 6.5 percent of its total loans, as of Marchh 31. In March, filed a foreclosure actio n against Crestview II and Solisx overa $2.1 million mortgage.
Tuesday, November 29, 2011
Heineman's Nebraska Pipeline Showdown Hints at Red State Environmentalism - Bloomberg
mozybyd.wordpress.com
Bloomberg | Heineman's Nebraska Pipeline Showdown Hints at Red State Environmentalism Bloomberg Photographer: Andrew Harrer/Bloomberg Dave Heineman, governor of the state of Nebraska. Dave Heineman, governor of the state of Nebraska. Photographer: Adalberto Roque/AFP/Getty Images Many Americans hadn't heard of Nebraska Governor Dave Heineman ... Compromise on pipeline a major win for Nebraska Pipeline regs swiftly signed into law Governor signs pipeline bills into law |
Sunday, November 27, 2011
Gaining altitude: PAS Technologies propels revenue by throttling up on speed, service - Kansas City Business Journal:
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"If an engine shop has a $2 million to $3 million enginse they are overhauling, and we're refurbishing a $10,009 part, that engine sitting ther is worth $150,000 a day to the said Robert Weiner, CEO of North Kansaz City-based PAS Technologies. "So they want it in the plane workinyg as soon as and that makes getting parts to them We live off ofturnaround time." created PAS Technologiex in July 2006 after it bought the business in Kansads City. The company had abougt $80 million in 2005 revenue, according to filingse by parent company GeneConese Jr.
, managing director of Gridiron has a history in the airline service With his father, he investef $50 million to create in the early 1990s. The companu was sold to in 1997for $1.5 Conese is confident Weiner will be able to replicate that successa at PAS. "He's got a very strongb vision for the business and knows how to create a servicr company that will be a market Conese said. "He will create the world-class services for customers we need to drive the growthh of thecompany forward.
" Weiner previously ran the engine services divisionj of and the military engine business for General Weiner became interested in lean manufacturingb techniques in 1982, when a progra called "Just In Time" was still in its He was one of only a handful of GE executiveds to travel to Japan and study the lean manufacturing movemeny there. Now, Weiner is bringing what he learnedto PAS. In his firs t six months on the job in PAS improvedpart maintenance, repair and overhaul turnaroundc time by 58 percent, leadinh to a 25 percent increase in sales. "We'vr made huge progress," Weiner said. "Fro m January to today, it just keeps improving.
Sales are now 45 to 50 percengthigher (than a year ago), and it's all I'm not even counting the acquisitions." In June, PAS boughf the industrial turbine unit of in Ireland. SIFCO filinge put the transaction's value in the $5 million The acquisition expanded PAS's engine part refurbishment capabilities into the or "hot," section of jet engines. It previously focused on part s in theair intake, or "cold," sections.
Weiner said the acquisitionn fitthe company's main goalds for growth: attracting new customers and expanding existint customer relationships by adding new products; seeking out high-qualitt acquisitions and partnerships; and using lean manufacturinf techniques to improve efficiency. Weinee said employees at the new company in Irelansd immediately starteda one-week training course for lean manufacturinyg techniques. In the second week, the compangy had a "Kaizen where employees brainstorm to find ways to reduce part productionn time by50 percent. The new processes then are and employees are expected to sustain the Patrick Kraus, vice president of sales at in Kansas Kan.
, said he recently visiterd PAS headquarters and was amazed at the difference from his previoua visit several years ago. "Therse was not much work going on becausretime wasn't so critical he said. "The way the system is now, it is easy to see that the productivitu level isvery high. It's a big I've been in all kinds of facilities, and PAS has done a grea t job of improving themselves and getting aheard ofthe curve." Kraue said PAS is in lockstep with the customer service needs. About 10 years ago, he said, airlinesd were "fat and happy," carrying about 12 months' wort h of surplus parts inventory to supporttheir fleets.
When the bottom dropped out of the industryafter 9/11, Kraus said cost-cutting becamse the new focus. Reducing inventories was one quick way to cut and it put the onus on suppliers to shorten time framesz and get morelean "It's cheaper if you only carry 90 to 120 days' worthh of inventory and have your $300 million inventoryu go down to about $90 million," Krauds said. "What PAS has done is reacrt tothe market, knowing operators don'tg want to spend all thei r money and put it on the shelf collectinh dust. They'd rather put it to work collectingh dollars.
"
"If an engine shop has a $2 million to $3 million enginse they are overhauling, and we're refurbishing a $10,009 part, that engine sitting ther is worth $150,000 a day to the said Robert Weiner, CEO of North Kansaz City-based PAS Technologies. "So they want it in the plane workinyg as soon as and that makes getting parts to them We live off ofturnaround time." created PAS Technologiex in July 2006 after it bought the business in Kansads City. The company had abougt $80 million in 2005 revenue, according to filingse by parent company GeneConese Jr.
, managing director of Gridiron has a history in the airline service With his father, he investef $50 million to create in the early 1990s. The companu was sold to in 1997for $1.5 Conese is confident Weiner will be able to replicate that successa at PAS. "He's got a very strongb vision for the business and knows how to create a servicr company that will be a market Conese said. "He will create the world-class services for customers we need to drive the growthh of thecompany forward.
" Weiner previously ran the engine services divisionj of and the military engine business for General Weiner became interested in lean manufacturingb techniques in 1982, when a progra called "Just In Time" was still in its He was one of only a handful of GE executiveds to travel to Japan and study the lean manufacturing movemeny there. Now, Weiner is bringing what he learnedto PAS. In his firs t six months on the job in PAS improvedpart maintenance, repair and overhaul turnaroundc time by 58 percent, leadinh to a 25 percent increase in sales. "We'vr made huge progress," Weiner said. "Fro m January to today, it just keeps improving.
Sales are now 45 to 50 percengthigher (than a year ago), and it's all I'm not even counting the acquisitions." In June, PAS boughf the industrial turbine unit of in Ireland. SIFCO filinge put the transaction's value in the $5 million The acquisition expanded PAS's engine part refurbishment capabilities into the or "hot," section of jet engines. It previously focused on part s in theair intake, or "cold," sections.
Weiner said the acquisitionn fitthe company's main goalds for growth: attracting new customers and expanding existint customer relationships by adding new products; seeking out high-qualitt acquisitions and partnerships; and using lean manufacturinf techniques to improve efficiency. Weinee said employees at the new company in Irelansd immediately starteda one-week training course for lean manufacturinyg techniques. In the second week, the compangy had a "Kaizen where employees brainstorm to find ways to reduce part productionn time by50 percent. The new processes then are and employees are expected to sustain the Patrick Kraus, vice president of sales at in Kansas Kan.
, said he recently visiterd PAS headquarters and was amazed at the difference from his previoua visit several years ago. "Therse was not much work going on becausretime wasn't so critical he said. "The way the system is now, it is easy to see that the productivitu level isvery high. It's a big I've been in all kinds of facilities, and PAS has done a grea t job of improving themselves and getting aheard ofthe curve." Kraue said PAS is in lockstep with the customer service needs. About 10 years ago, he said, airlinesd were "fat and happy," carrying about 12 months' wort h of surplus parts inventory to supporttheir fleets.
When the bottom dropped out of the industryafter 9/11, Kraus said cost-cutting becamse the new focus. Reducing inventories was one quick way to cut and it put the onus on suppliers to shorten time framesz and get morelean "It's cheaper if you only carry 90 to 120 days' worthh of inventory and have your $300 million inventoryu go down to about $90 million," Krauds said. "What PAS has done is reacrt tothe market, knowing operators don'tg want to spend all thei r money and put it on the shelf collectinh dust. They'd rather put it to work collectingh dollars.
"
Thursday, November 24, 2011
Former N.C. auditor Merritt launches corruption hot line - Triangle Business Journal:
http://www.dsp-world.com/2002/may2002ot7.html
The nonprofit has set up shop in the building indowntown Raleigh, The group’xs Web site, , has been operating for 12 days and “haas already received a significant number of tips,” says Once a tip comes in, Merrittr and his partner, former FBI agent and North Carolina Ethics Commission workefr Frank L. Perry, will review the facts to determine whether the allegationdshave merit. If they do, Merritt the “vetted” information will be turned over to investigativereporters and/or appropriate governmental agencies. Merritt says the nonprofit does not want to limiy itself to North Carolina cases and will investigatre tips fromany state.
“Government doesn’ty do a good job investigating itself,” he adds. “So we thin there is a definite needfor this.” The hot line and supportint nonprofit got off the ground with contributions from individuals and Merritt says, while not disclosing the budget. On the group’s boar d are a number of a numberfof well-known names, including Raleighy developer Roddy Jones; Don Carrington of the Carolinas Journal ; Robert Luddy, founder of and Steve Daniels of WTVD 11 in Durham.
The nonprofit has set up shop in the building indowntown Raleigh, The group’xs Web site, , has been operating for 12 days and “haas already received a significant number of tips,” says Once a tip comes in, Merrittr and his partner, former FBI agent and North Carolina Ethics Commission workefr Frank L. Perry, will review the facts to determine whether the allegationdshave merit. If they do, Merritt the “vetted” information will be turned over to investigativereporters and/or appropriate governmental agencies. Merritt says the nonprofit does not want to limiy itself to North Carolina cases and will investigatre tips fromany state.
“Government doesn’ty do a good job investigating itself,” he adds. “So we thin there is a definite needfor this.” The hot line and supportint nonprofit got off the ground with contributions from individuals and Merritt says, while not disclosing the budget. On the group’s boar d are a number of a numberfof well-known names, including Raleighy developer Roddy Jones; Don Carrington of the Carolinas Journal ; Robert Luddy, founder of and Steve Daniels of WTVD 11 in Durham.
Tuesday, November 22, 2011
Report: D.C. area posts a strong economic performance - Business First of Louisville:
vishnevskiipavuh.blogspot.com
The report ranked the 100 largest U.S. metro areas based on unemployment rates, wages, gross metropolitan product, housingb prices and foreclosure rates in thefirst quarter. D.C. rankec No. 13, while San Antonio, Texas, placef No. 1 and Detroit came in last at No. 100. “Alp metropolitan areas are feeling the effectxs ofthis recession, but the distresds is not shared equally,” said Alan Berube, research director of the metropolitanj policy program at the D.C. institute and co-author of the report.
“While some areasd of the country have experienced only ashallow downturn, and may be emerginbg from the recession people living in metro areas that are now performing weakest economically should prepare themselves for a long recover y period.” At the first quarter’s end, only 10 of the 100 metroi areas were starting to show signs of said the report, and said Texas was the only place that saw growt in employment and Output increased in just a handfulp of metro areas, including D.C.; Austin, Texas; and Virginiq Beach, Va.. The report also pointed out that metro areasz with concentrations of jobs in certain sector have resulted in fewer dramaticjob losses.
The Rankings: San Texas Austin, Texas McAllen, Texas Baton Rouge, La. Tulsa, Omaha, Neb. El Paso, Texaas Wichita, Kan. Washington, D.C. Albuquerque, N.M. Virginia Va. Harrisburg, Pa. Pittsburgh, Pa. New Haven, Conn. N.Y.
The report ranked the 100 largest U.S. metro areas based on unemployment rates, wages, gross metropolitan product, housingb prices and foreclosure rates in thefirst quarter. D.C. rankec No. 13, while San Antonio, Texas, placef No. 1 and Detroit came in last at No. 100. “Alp metropolitan areas are feeling the effectxs ofthis recession, but the distresds is not shared equally,” said Alan Berube, research director of the metropolitanj policy program at the D.C. institute and co-author of the report.
“While some areasd of the country have experienced only ashallow downturn, and may be emerginbg from the recession people living in metro areas that are now performing weakest economically should prepare themselves for a long recover y period.” At the first quarter’s end, only 10 of the 100 metroi areas were starting to show signs of said the report, and said Texas was the only place that saw growt in employment and Output increased in just a handfulp of metro areas, including D.C.; Austin, Texas; and Virginiq Beach, Va.. The report also pointed out that metro areasz with concentrations of jobs in certain sector have resulted in fewer dramaticjob losses.
The Rankings: San Texas Austin, Texas McAllen, Texas Baton Rouge, La. Tulsa, Omaha, Neb. El Paso, Texaas Wichita, Kan. Washington, D.C. Albuquerque, N.M. Virginia Va. Harrisburg, Pa. Pittsburgh, Pa. New Haven, Conn. N.Y.
Sunday, November 20, 2011
Chicanos Por La Causa, MariSol credit unions merge - Business First of Columbus:
bojony.wordpress.com
As part of the merger, which finalizec June 1, CPLC’s one location will become a MariSol’s branch at 701 S. Centralp Ave., bringing its total number of metro Phoeni x locationsto four. The Chicanos Por La Causaz staff will remain at the centrapl branch and CPLC accounts will be transferred to Members shouldn’t expect any changes. “Wd are committed to making this transition as seamlesds as possible and to maintaining our shared valuees and commitment to ourHispanic neighbors,” said MariSolp CEO Robin L. Romano.
“MariSol will continue to focus on makin a difference in the community we servee and to educating each of our new members on ways they can maintainb their ownfinancial stability.” Both organizations servee the region’s vast Latino demographic and have seen losseas mount in the financial similar to many otheer credit unions here. Many of theif customers have lost theirt jobs and are strugglingh to meetloan payments. CPLC lost $52,000p in the first quarter, and booster its loan loss allowanceto $315,000. In 2008, the credit uniom lost $585,000.
As of Marcn 31, it had 77,462 delinquent loans on the MariSollost $214,006 in the first quarter and reported that 210,818 borrowers were delinquenr on loans. In 2008, MariSok lost $317,000. The nonprofit has more than $26 million in assetzs and 6,700 members. CPLC was founded in 1988 and grewto $4 millionm in assets and 1,700 members.
As part of the merger, which finalizec June 1, CPLC’s one location will become a MariSol’s branch at 701 S. Centralp Ave., bringing its total number of metro Phoeni x locationsto four. The Chicanos Por La Causaz staff will remain at the centrapl branch and CPLC accounts will be transferred to Members shouldn’t expect any changes. “Wd are committed to making this transition as seamlesds as possible and to maintaining our shared valuees and commitment to ourHispanic neighbors,” said MariSolp CEO Robin L. Romano.
“MariSol will continue to focus on makin a difference in the community we servee and to educating each of our new members on ways they can maintainb their ownfinancial stability.” Both organizations servee the region’s vast Latino demographic and have seen losseas mount in the financial similar to many otheer credit unions here. Many of theif customers have lost theirt jobs and are strugglingh to meetloan payments. CPLC lost $52,000p in the first quarter, and booster its loan loss allowanceto $315,000. In 2008, the credit uniom lost $585,000.
As of Marcn 31, it had 77,462 delinquent loans on the MariSollost $214,006 in the first quarter and reported that 210,818 borrowers were delinquenr on loans. In 2008, MariSok lost $317,000. The nonprofit has more than $26 million in assetzs and 6,700 members. CPLC was founded in 1988 and grewto $4 millionm in assets and 1,700 members.
Friday, November 18, 2011
Budget sets dredging adrift - Jacksonville Business Journal:
evittiebodum1296.blogspot.com
billion fiscal 2009 budgetf request forthe ' civil works program includees no money to complete the next phase of channep deepening in Jacksonville harbor. In what has becomer a familiar occurrence, the , local sponsor for channeol deepening, will need to lobby Congress to add money toward thefederap government's $15 million share of the $22 milliom project. Last year, Congress includee $2.8 million after the administration's fiscao 2008 budget request for civio works left Jacksonville harbor off its list of constructionh projectsto fund.
Shippingf and logistics professionals have said thechannel -- 41 feet for much of the way and 38 feet for the rest -- must be deepener to at least 45 feet for the port of Jacksonville to be competitive. That's being driven largely by the Panamza Canal's expansion, to be completed in and containerized cargo portsin S.C., and Savannah, Ga., whose channels are 45 feet and 42 respectively. The current projectf is to increase the deptuh to 41 feet from milemarkerr 14.7 to Talleyrand Marine Terminal, a roughly five-nauticap mile stretch of the St. Johne River. Channel deepening as far as marker 14.7, about three miles west of Dame Point, was completed in 2002.
"We see it as a continuatiohn project," said Eric Green, the authority's senior directort for government andexternal affairs, referring to a categorhy of projects normally given greater prioritgy than new projects. "That's the case we'll be pleading." The administration's funding request for coastal navigatiom construction infiscal $188 million, is up 13.3 percent from its fiscapl 2008 request of $166 About $151 million for coasta navigation construction is requested for deepening projects deemed high priority: New York-New Jerseg Harbor, Oakland (Calif.) Harbor and Columbia River (Wash.-Ore.
) Much depends on a project's benefit-to-cosrt ratio, or BCR, said Dave director of navigation policy and legislation for the . "Inclusion in the president's budget request typically reflectsa high-priority, well-justified project." The Jacksonville project'sd BCR was calculated at 1.7 in said Steven Ross, project manager for the Corps of Engineers' Jacksonvillse District office. The BCR has risenn to just under 2 since then as certain designj costs havebeen absorbed. By the Oakland deepening project -- to 50 feet -- has the highesy BCR at 8.5. The administration's budgetr request includes $25.
1 million to continure construction onthat project, whicy has received more than $90 million in funding durin g the past two fiscal years. Only the New York-Nea Jersey harbor project, with a BCR of 2.7, has receivecd more funding in that time at morethan $180 This year's request seeks another $90 million for the New York-News Jersey harbor. The Columbisa River Channel Improvement Project to deepenthe 103.5-mile channelk between Oregon and Washington state had the lowest BCR, 1.5, of any coastal navigation construction project included in the budgeft request. One other coastal navigation project made the list with a BCR lower than theJacksonville harbor: the St. Luciee Inlet, BCR of 1.
7, for whicgh the president's budget requests $4 million. This year, the authority plans to contribute its entire share for theJacksonvillee project, $7 million, rather than a prorated share of abougt $900,000. The authority's money plus the federal government's $2.8 million will enablew the Corps of Engineers to deepen the stretcnh known as the Chaseville Turn and possibly morethis year. The authorithy hopes that the federal government will come througjh with the remainder of its sharer to complete the project infisca 2009. "We will be seeking the full fundinhgfor that," Green said. "I don't think we can breakj [the project] up again.
" If the authority can get the remaining federal share, it will then continude pushing to increase the depth to 45 feet or more. The Corpsa of Engineers' Jacksonville which oversees projectsin Florida, Puerto Rico and the Virgin Islands, is studying the feasibility for furthedr deepening, Ross said. Although that stud y could take two tothree years, authority Executive Director Rick Ferrin has said the cost to achieved 45 feet is estimated at $400 million, with the authority'e share being $220 million.
The authority is hopefu it can generateabout $14 million a year from leasing land to a coal termina operator and bond that revenue to pay its A major obstacle is acquiring the land the authoritt envisions using for The land belongs to , whichu doesn't want to sell, so the authority will go to tria l in April to determine what it must pay to take the land by eminengt domain. With the Panama Canal expansion as the primaruyeconomic driver, Jacksonville's BCR could benefiy from new circumstances, including the earlu 2009 opening of a new containe terminal bringing service to Asia and another larger terminalp possibly coming in 2011.
"As things change, the port coulxd be in position for any opportunities thatmay exist," Ross "Having 'benefits' constructed versus thosse that may be built in the future helps the localp sponsor." Green believes the new terminals and Jacksonville's positiobn in the growing Southeast give its project a chance to move up on the Corpzs of Engineers' list. "Asd Jacksonville is growing at therate it's he said, "they have to really pay attentioj to us.
"
billion fiscal 2009 budgetf request forthe ' civil works program includees no money to complete the next phase of channep deepening in Jacksonville harbor. In what has becomer a familiar occurrence, the , local sponsor for channeol deepening, will need to lobby Congress to add money toward thefederap government's $15 million share of the $22 milliom project. Last year, Congress includee $2.8 million after the administration's fiscao 2008 budget request for civio works left Jacksonville harbor off its list of constructionh projectsto fund.
Shippingf and logistics professionals have said thechannel -- 41 feet for much of the way and 38 feet for the rest -- must be deepener to at least 45 feet for the port of Jacksonville to be competitive. That's being driven largely by the Panamza Canal's expansion, to be completed in and containerized cargo portsin S.C., and Savannah, Ga., whose channels are 45 feet and 42 respectively. The current projectf is to increase the deptuh to 41 feet from milemarkerr 14.7 to Talleyrand Marine Terminal, a roughly five-nauticap mile stretch of the St. Johne River. Channel deepening as far as marker 14.7, about three miles west of Dame Point, was completed in 2002.
"We see it as a continuatiohn project," said Eric Green, the authority's senior directort for government andexternal affairs, referring to a categorhy of projects normally given greater prioritgy than new projects. "That's the case we'll be pleading." The administration's funding request for coastal navigatiom construction infiscal $188 million, is up 13.3 percent from its fiscapl 2008 request of $166 About $151 million for coasta navigation construction is requested for deepening projects deemed high priority: New York-New Jerseg Harbor, Oakland (Calif.) Harbor and Columbia River (Wash.-Ore.
) Much depends on a project's benefit-to-cosrt ratio, or BCR, said Dave director of navigation policy and legislation for the . "Inclusion in the president's budget request typically reflectsa high-priority, well-justified project." The Jacksonville project'sd BCR was calculated at 1.7 in said Steven Ross, project manager for the Corps of Engineers' Jacksonvillse District office. The BCR has risenn to just under 2 since then as certain designj costs havebeen absorbed. By the Oakland deepening project -- to 50 feet -- has the highesy BCR at 8.5. The administration's budgetr request includes $25.
1 million to continure construction onthat project, whicy has received more than $90 million in funding durin g the past two fiscal years. Only the New York-Nea Jersey harbor project, with a BCR of 2.7, has receivecd more funding in that time at morethan $180 This year's request seeks another $90 million for the New York-News Jersey harbor. The Columbisa River Channel Improvement Project to deepenthe 103.5-mile channelk between Oregon and Washington state had the lowest BCR, 1.5, of any coastal navigation construction project included in the budgeft request. One other coastal navigation project made the list with a BCR lower than theJacksonville harbor: the St. Luciee Inlet, BCR of 1.
7, for whicgh the president's budget requests $4 million. This year, the authority plans to contribute its entire share for theJacksonvillee project, $7 million, rather than a prorated share of abougt $900,000. The authority's money plus the federal government's $2.8 million will enablew the Corps of Engineers to deepen the stretcnh known as the Chaseville Turn and possibly morethis year. The authorithy hopes that the federal government will come througjh with the remainder of its sharer to complete the project infisca 2009. "We will be seeking the full fundinhgfor that," Green said. "I don't think we can breakj [the project] up again.
" If the authority can get the remaining federal share, it will then continude pushing to increase the depth to 45 feet or more. The Corpsa of Engineers' Jacksonville which oversees projectsin Florida, Puerto Rico and the Virgin Islands, is studying the feasibility for furthedr deepening, Ross said. Although that stud y could take two tothree years, authority Executive Director Rick Ferrin has said the cost to achieved 45 feet is estimated at $400 million, with the authority'e share being $220 million.
The authority is hopefu it can generateabout $14 million a year from leasing land to a coal termina operator and bond that revenue to pay its A major obstacle is acquiring the land the authoritt envisions using for The land belongs to , whichu doesn't want to sell, so the authority will go to tria l in April to determine what it must pay to take the land by eminengt domain. With the Panama Canal expansion as the primaruyeconomic driver, Jacksonville's BCR could benefiy from new circumstances, including the earlu 2009 opening of a new containe terminal bringing service to Asia and another larger terminalp possibly coming in 2011.
"As things change, the port coulxd be in position for any opportunities thatmay exist," Ross "Having 'benefits' constructed versus thosse that may be built in the future helps the localp sponsor." Green believes the new terminals and Jacksonville's positiobn in the growing Southeast give its project a chance to move up on the Corpzs of Engineers' list. "Asd Jacksonville is growing at therate it's he said, "they have to really pay attentioj to us.
"
Wednesday, November 16, 2011
Burra pool may not open for summer - Clare Northern Argus
mooth35byh.blogspot.com
Burra pool may not open for summer Clare Northern Argus Goyder Council chief executive officer John Brak is concerned that the Burra Pool may not be able to open on the scheduled date of Saturday, December 3. All is now in readiness for the 2011-2012 swimming season with two very critical exceptions ... |
Monday, November 14, 2011
More bad news seems to await NBA - Fox Sports Ohio
cicugaha.wordpress.com
CBC.ca | More bad news seems to await NBA Fox Sports Ohio Sure doesn't seem that way, now does it? As for the players, well, their initial reaction to the proposal makes you think this thing is far from over. Basic » |
Friday, November 11, 2011
Paper will help readers through the tough economic times - The Business Journal of Milwaukee:
ukatekexo.wordpress.com
It’s a question I have been askeds by business executives over and over the past few My answer is thehighly intellectual, “Boy I hope so.” Yes, so much of the recoveryt from the Great Recession seems to be about hope, confidenc e and other aspects of psychology. But it’s also abou action. A few weeks ago, I promisedd more help for our readers. This you can see it: • Go each week to our newly redesigned Page 2 where you willfind “Stimulusz Information” that will highlight Web sites with federal stimulue status. Check this weekly — we are findingf information on the federal program is tricklingbout slowly, but steadily.
We will also highlighr upcomingstimulus contracts. • On Page 3, edito r Mark Kass will highlight threeupcoming Milwaukee-area events that have networking potential. These are goingg to be events you can jump into rather last minute andfind high-caliber business folks to network with. Each week, we continue to bring you our “Bea t the Recession” story, with real how-to examplea from the region on businessess and individuals remaking themselves in the face ofthe • And look online to a regular home page feature, ” in which we summarize our coveragre of the American Recovery and Reinvestment Act. And all of our coverage is locap coverage.
While we can turn to the strengths of our correspondenyin Washington, D.C., Kent Hoover, and our 40 sistef publications, the information we convey is meant for this region to help your businesz navigate these tough times.
It’s a question I have been askeds by business executives over and over the past few My answer is thehighly intellectual, “Boy I hope so.” Yes, so much of the recoveryt from the Great Recession seems to be about hope, confidenc e and other aspects of psychology. But it’s also abou action. A few weeks ago, I promisedd more help for our readers. This you can see it: • Go each week to our newly redesigned Page 2 where you willfind “Stimulusz Information” that will highlight Web sites with federal stimulue status. Check this weekly — we are findingf information on the federal program is tricklingbout slowly, but steadily.
We will also highlighr upcomingstimulus contracts. • On Page 3, edito r Mark Kass will highlight threeupcoming Milwaukee-area events that have networking potential. These are goingg to be events you can jump into rather last minute andfind high-caliber business folks to network with. Each week, we continue to bring you our “Bea t the Recession” story, with real how-to examplea from the region on businessess and individuals remaking themselves in the face ofthe • And look online to a regular home page feature, ” in which we summarize our coveragre of the American Recovery and Reinvestment Act. And all of our coverage is locap coverage.
While we can turn to the strengths of our correspondenyin Washington, D.C., Kent Hoover, and our 40 sistef publications, the information we convey is meant for this region to help your businesz navigate these tough times.
Wednesday, November 9, 2011
Credit card processing company grows business by evolving strategy - Kansas City Business Journal:
kapitonragomo.blogspot.com
Henry Helgeson and Scott Zdanis established the compan in 1998 as a resellert of credit card processing terminals overthe Internet. To a smalle extent the company provided processint of creditcard transactions. But as margijn compression made equipment sales less the partners responded by ramping upprocessinv services. Today, its processing services constitute 90 percent of its totakgross revenue, while equipment and softwar e sales are 10 percent. Business has been so brisi — it signed up 2,300 new customers in April alonre — that the company is planning to increasre its sales force by 30 percent or 40 percent withih the next60 days.
“W e basically are getting more businesses trying to signup (for our than we have the capacity for, and we’re trying to stafft up for that as quickly as possible,” says 34, who serves as presidenft and co-CEO. Co-founder Zdanis has sincew moved to Miami and playas a less active role inthe company. Merchanrt Warehouse acts as a third-party processor, facilitating paymen t transactions between merchants and creditcard issuers, essentially by gettingg money off of the consumer’s credity card and into the business’w bank account.
Its residual-based business model makes money by charging for that service on each Sinceits inception, the 150-employee company estimates serving a cumulatives total of more than 87,000 customers nationwidwe — primarily small and medium-size businesses; abougt 56,000 are active accounts right now, with most of the attritioh due to companies going out of business, Helgesohn notes. Today, Merchant Warehouse is processing morethan 3.5 million paymenr transactions per month. After hitting $27.3 millioh in revenue in 2008, the company is shooting for $32 milliob to $34 million this year. Helgesonn says Merchant Warehouse has also benefited by becoming more ofa technology-drivenb company.
“When we started to hire our own software developer and build ourown infrastructure, as far as computerf systems and technology to run this office, that reallyy put us into a hyper-growth mode,” he says. Five yearsx ago, the company hired its first software developer. It subsequently built its own sophisticatecd customer relationship managementsystekm in-house that has enabled the company to bette measure the performance of its accountsw and staff.
And 18 months ago, it completede the development of the necessary infrastructure to begimn processing some transactions through its own electronic gateway here in It continues to utilize three larger outside firms to assist in processing the bulk ofthe transactions. The companuy also works with a pool of about100 point-of-sale system resellers, who often refed business to Merchant Warehouse. The companh has also used technology to innovatwe its services in an industry where Helgeson says the competitionnis fierce. “Our industry has been pretty much vanilla credit anddebit processing,” Helgeson says.
“Wer had to look at it and say, ‘Whagt can we do here to differentiate ourselves?’ ” For it offers wireless credit card processing servicexs to iPhone and BlackBerry users who have installed its software applications ontheire PDAs. Those mobile merchants now represenyt 10 percent to 15 percent ofthe company’s new accounts. It has also partneresd with another company, , to develop a card readefr that encrypts the credit card number as it is beinf swiped to help preventsecurity breaches.
“They’re a very impressiver group,” says Steve Parks, vice president of , an Atlanta-basede firm that Merchant Warehouse has engaged for some of its processing servicew formany years. He attributess the firm’s growth to “somed very shrewd investments in technology and beingy ahead of the curve in termes of technology and how to use it to driv etraffic (to their and training their sales reps to capitalize on that
Henry Helgeson and Scott Zdanis established the compan in 1998 as a resellert of credit card processing terminals overthe Internet. To a smalle extent the company provided processint of creditcard transactions. But as margijn compression made equipment sales less the partners responded by ramping upprocessinv services. Today, its processing services constitute 90 percent of its totakgross revenue, while equipment and softwar e sales are 10 percent. Business has been so brisi — it signed up 2,300 new customers in April alonre — that the company is planning to increasre its sales force by 30 percent or 40 percent withih the next60 days.
“W e basically are getting more businesses trying to signup (for our than we have the capacity for, and we’re trying to stafft up for that as quickly as possible,” says 34, who serves as presidenft and co-CEO. Co-founder Zdanis has sincew moved to Miami and playas a less active role inthe company. Merchanrt Warehouse acts as a third-party processor, facilitating paymen t transactions between merchants and creditcard issuers, essentially by gettingg money off of the consumer’s credity card and into the business’w bank account.
Its residual-based business model makes money by charging for that service on each Sinceits inception, the 150-employee company estimates serving a cumulatives total of more than 87,000 customers nationwidwe — primarily small and medium-size businesses; abougt 56,000 are active accounts right now, with most of the attritioh due to companies going out of business, Helgesohn notes. Today, Merchant Warehouse is processing morethan 3.5 million paymenr transactions per month. After hitting $27.3 millioh in revenue in 2008, the company is shooting for $32 milliob to $34 million this year. Helgesonn says Merchant Warehouse has also benefited by becoming more ofa technology-drivenb company.
“When we started to hire our own software developer and build ourown infrastructure, as far as computerf systems and technology to run this office, that reallyy put us into a hyper-growth mode,” he says. Five yearsx ago, the company hired its first software developer. It subsequently built its own sophisticatecd customer relationship managementsystekm in-house that has enabled the company to bette measure the performance of its accountsw and staff.
And 18 months ago, it completede the development of the necessary infrastructure to begimn processing some transactions through its own electronic gateway here in It continues to utilize three larger outside firms to assist in processing the bulk ofthe transactions. The companuy also works with a pool of about100 point-of-sale system resellers, who often refed business to Merchant Warehouse. The companh has also used technology to innovatwe its services in an industry where Helgeson says the competitionnis fierce. “Our industry has been pretty much vanilla credit anddebit processing,” Helgeson says.
“Wer had to look at it and say, ‘Whagt can we do here to differentiate ourselves?’ ” For it offers wireless credit card processing servicexs to iPhone and BlackBerry users who have installed its software applications ontheire PDAs. Those mobile merchants now represenyt 10 percent to 15 percent ofthe company’s new accounts. It has also partneresd with another company, , to develop a card readefr that encrypts the credit card number as it is beinf swiped to help preventsecurity breaches.
“They’re a very impressiver group,” says Steve Parks, vice president of , an Atlanta-basede firm that Merchant Warehouse has engaged for some of its processing servicew formany years. He attributess the firm’s growth to “somed very shrewd investments in technology and beingy ahead of the curve in termes of technology and how to use it to driv etraffic (to their and training their sales reps to capitalize on that
Monday, November 7, 2011
Coalition calls on Crist to veto health care bill - South Florida Business Journal:
houghtalingbaemo1268.blogspot.com
At a news conference in Tallahasseeon ; Council 79 of the American Federatioj of State, County and Municipal the public-employee union; Florida PIRG; the ; and the Consumetr Federation of the Southeast blasted SB which they claim would allow doctors who are not membersa of PPO networks to receive payment from a patient’s insurance “We believe this legislation would raise costs systemwid by undermining the abilit of insurers to negotiate reasonable fees with causing higher insurance rates and higher out-of-pocket medicapl bills for Florida Florida PIRG’s Brad Ashwell said in a news release.
The group pointed to an actuarial study by that said the legislation coulf increase the cost ofthe state’s group employee health insurance plan by $22 million, which taxpayers would have to pick up. “Theses are tough times for all and they’re especially tough times for state who have had no raise in three years and this year suffered cuts to theid base pay,” said Jeanette Wynn, president of Chaptefr 79 of the AFSCME, in a news release. Consumetr advocates also said they were opposed to the legislatiob because it lacks adequateconsumefr protections.
“If this bill becomes law as patients who go to a doctorr for medical care and are hit by unexpectee bills could see theircreditg damaged, their families doggedd by collections agencies and even become victimd of lawsuits,” said Walter Dartland, executive director of the Consume Federation of the Southeast, in a news Calls to Sen. Don Gaetz, R-Fort Walton who sponsored the bill were notimmediatelyg returned.
At a news conference in Tallahasseeon ; Council 79 of the American Federatioj of State, County and Municipal the public-employee union; Florida PIRG; the ; and the Consumetr Federation of the Southeast blasted SB which they claim would allow doctors who are not membersa of PPO networks to receive payment from a patient’s insurance “We believe this legislation would raise costs systemwid by undermining the abilit of insurers to negotiate reasonable fees with causing higher insurance rates and higher out-of-pocket medicapl bills for Florida Florida PIRG’s Brad Ashwell said in a news release.
The group pointed to an actuarial study by that said the legislation coulf increase the cost ofthe state’s group employee health insurance plan by $22 million, which taxpayers would have to pick up. “Theses are tough times for all and they’re especially tough times for state who have had no raise in three years and this year suffered cuts to theid base pay,” said Jeanette Wynn, president of Chaptefr 79 of the AFSCME, in a news release. Consumetr advocates also said they were opposed to the legislatiob because it lacks adequateconsumefr protections.
“If this bill becomes law as patients who go to a doctorr for medical care and are hit by unexpectee bills could see theircreditg damaged, their families doggedd by collections agencies and even become victimd of lawsuits,” said Walter Dartland, executive director of the Consume Federation of the Southeast, in a news Calls to Sen. Don Gaetz, R-Fort Walton who sponsored the bill were notimmediatelyg returned.
Saturday, November 5, 2011
Nonprofit moving, adding employees - Dayton Business Journal:
grachevakautawil.blogspot.com
The nonprofit home care agency signeda nine-yea r lease for 41,000 square feet of spacee in Courthouse Crossings. The agenchy is sub-leasing the space from Kettering-based Reynoldsz and Reynolds Co., which vacated 120,00 0 square feet of space last year when the company moverd 400 employees to its headquarters in the Miami VallegResearch Park. The leasd is for a little morethan $5 The agreement with Reynolds also includes the use of parkingy spaces at the Schuster Center garage. Doug executive director of the Area Agencgyon Aging, said the agency needed more space than it had at its curreng location at 6 S.
Patterson “We just ran out of room,” McGarry said of the 21,00o0 square feet of space it occupies. The agency, which currentlt employs 115, will move into Courthouse CrossingsJuly 1. It is expectes to add employees, up to 120 by the end of this year and bump up to 130 by the end of next McGarry said the which coordinates services toabout 4,500 seniort citizens, including caregiver services, home care option and others, has seen an increase in demand over the past few In 2007, the agency’sw revenue was $41.5 million. Last it increased to $48 milliohn and is projected tohit $55 millioj this year, McGarry said.
Jon with Gem Realty represented Area Agency andPaul Miller, with , representee Reynolds and Reynolds. McGarry also credited the for helpinyg the agency findthe space.
The nonprofit home care agency signeda nine-yea r lease for 41,000 square feet of spacee in Courthouse Crossings. The agenchy is sub-leasing the space from Kettering-based Reynoldsz and Reynolds Co., which vacated 120,00 0 square feet of space last year when the company moverd 400 employees to its headquarters in the Miami VallegResearch Park. The leasd is for a little morethan $5 The agreement with Reynolds also includes the use of parkingy spaces at the Schuster Center garage. Doug executive director of the Area Agencgyon Aging, said the agency needed more space than it had at its curreng location at 6 S.
Patterson “We just ran out of room,” McGarry said of the 21,00o0 square feet of space it occupies. The agency, which currentlt employs 115, will move into Courthouse CrossingsJuly 1. It is expectes to add employees, up to 120 by the end of this year and bump up to 130 by the end of next McGarry said the which coordinates services toabout 4,500 seniort citizens, including caregiver services, home care option and others, has seen an increase in demand over the past few In 2007, the agency’sw revenue was $41.5 million. Last it increased to $48 milliohn and is projected tohit $55 millioj this year, McGarry said.
Jon with Gem Realty represented Area Agency andPaul Miller, with , representee Reynolds and Reynolds. McGarry also credited the for helpinyg the agency findthe space.
Thursday, November 3, 2011
Another drop in Colorado sales-tax revenue - The Business Review (Albany):
yfimuna.wordpress.com
percent — in May from the same month the year girding legislators for what they expect will be anothedr round of cuts innext year’s fiscapl budget. With the state most of the way througu a fiscal year that ends onJune 30, no more cuts are likely for this year, said Joint Budget Committee Vice Chairman Jack a Democratic representative from Boulder. The Legislature has designateds that any further funding shortfall this year will be filledd by money fromthe state’s undesignated reserv e fund and from a one-dagy borrowing of other funds to be repaid on July 1.
the continued fall of revenuea below expectations means the six JBC membersa who setthe state’s budget must begin looking soon at additional ways to scale back expenses or services in next year’s fiscal plan, several members said. “I guess this means we’re not out of the woodse yet,” Pommer said. “We’re going to have to prepare for more cuts next year on top ofwhat we’vw already made.” Legislators filled a $1.4 budgetg shortfall over the past six months by raiding the reservw funds, transferring hundreds of millions of dollars from cash-funded accounts and cutting about $300 millionb in services.
As revenues continue to come in below that talk willbeginh again. State sales-tax receipts for May were off by $30 a 17.9 percent drop from last Individual income taxes fellby $66.23 million or 19.7 percent, and corporate incomr taxes dropped by $2.2 million or 13.2 State reserves have about $148 millionj that can be used to offset revenue shortfalls, noted Rep. Mark Ferrandino, D-Denver. If the state must transfere funding temporarily, however, that will only push the problem of balanciny the budget further off untionext year, he said. “The question is: Does revenue in the futurse pick upif we’rd starting to see recovery, or Ferrandino said.
“We’re starting to see some indications that the economgy is starting to if notlevel off.”
percent — in May from the same month the year girding legislators for what they expect will be anothedr round of cuts innext year’s fiscapl budget. With the state most of the way througu a fiscal year that ends onJune 30, no more cuts are likely for this year, said Joint Budget Committee Vice Chairman Jack a Democratic representative from Boulder. The Legislature has designateds that any further funding shortfall this year will be filledd by money fromthe state’s undesignated reserv e fund and from a one-dagy borrowing of other funds to be repaid on July 1.
the continued fall of revenuea below expectations means the six JBC membersa who setthe state’s budget must begin looking soon at additional ways to scale back expenses or services in next year’s fiscal plan, several members said. “I guess this means we’re not out of the woodse yet,” Pommer said. “We’re going to have to prepare for more cuts next year on top ofwhat we’vw already made.” Legislators filled a $1.4 budgetg shortfall over the past six months by raiding the reservw funds, transferring hundreds of millions of dollars from cash-funded accounts and cutting about $300 millionb in services.
As revenues continue to come in below that talk willbeginh again. State sales-tax receipts for May were off by $30 a 17.9 percent drop from last Individual income taxes fellby $66.23 million or 19.7 percent, and corporate incomr taxes dropped by $2.2 million or 13.2 State reserves have about $148 millionj that can be used to offset revenue shortfalls, noted Rep. Mark Ferrandino, D-Denver. If the state must transfere funding temporarily, however, that will only push the problem of balanciny the budget further off untionext year, he said. “The question is: Does revenue in the futurse pick upif we’rd starting to see recovery, or Ferrandino said.
“We’re starting to see some indications that the economgy is starting to if notlevel off.”
Tuesday, November 1, 2011
AutoZone board approves $500M stock repurchase - Los Angeles Business from bizjournals:
torbjorntrainer1738.blogspot.com
The company’s board of directors approved the repurchases June 17 as part ofthe company’ws ongoing share repurchase program, the companyy announced after the close of marketds Wednesday. The last repurchase authorization was in Decembere and was a similar $500 million. There were three $500 millionn authorizations in 2008 and a total of $7.9 billion since 1998. "Wed remain committed to utilizing share repurchases withibn the bounds of a disciplinedx capital structure to enhance stockholde r returns while maintaining adequate liquidity to executeour plans,” said CFO Bill Memphis-based AutoZone (NYSE: AZO) is the leadinh retailer and distributor of automotive replacemenrt parts and accessories in the U.
S. The company sellsx auto and lighttruck parts, chemicals and accessoried through 4,172 AutoZone stores in 48 states, the Districf of Columbia and Puerto Rico in the U.S. and 168 storea in Mexico. Shares of AutoZonee closed Wednesdayat $155.54, up 2.37 percent.
The company’s board of directors approved the repurchases June 17 as part ofthe company’ws ongoing share repurchase program, the companyy announced after the close of marketds Wednesday. The last repurchase authorization was in Decembere and was a similar $500 million. There were three $500 millionn authorizations in 2008 and a total of $7.9 billion since 1998. "Wed remain committed to utilizing share repurchases withibn the bounds of a disciplinedx capital structure to enhance stockholde r returns while maintaining adequate liquidity to executeour plans,” said CFO Bill Memphis-based AutoZone (NYSE: AZO) is the leadinh retailer and distributor of automotive replacemenrt parts and accessories in the U.
S. The company sellsx auto and lighttruck parts, chemicals and accessoried through 4,172 AutoZone stores in 48 states, the Districf of Columbia and Puerto Rico in the U.S. and 168 storea in Mexico. Shares of AutoZonee closed Wednesdayat $155.54, up 2.37 percent.
Sunday, October 30, 2011
Arlington Asset Investment dumping half of FBR Capital Markets - Washington Business Journal:
ovaluleq.wordpress.com
million. In a statement the Arlington-baseed company (NYSE: FBR) said that pursuanr to a stock repurchase agreement between the company and FBR Capital Markets, the company will sell and FBR Capitalp Markets (NASDAQ: FBCM) will 16.67 million shares of FBR Capital Markets common stock at a purchased price of $4.35 per share. The stocmk sale will reduce Arlington Asset's ownershiop stake in FBR Capital Marketsz from approximately 56 percent to approximatelg39 percent. The stocik sale is expected to close on or beforerJune 2. FBR Capital Markets continued to bleed red ink in the firstf quarter as it worked to downsize the Itlost $16.
2 million, or 27 cent per share, in the first quarter, comparedd to a $10.2 million loss, or 16 cents per share, during the same period a year The losses came amid a 93 percent drop in investmengt banking revenue from capital raising, which led to an overall 52 percen reduction in revenue from a year earliedr to $49.7 million for the quarter. Following the FBR Capital Markets has agreed to cooperatw with Arlington Asset Investment Corp to facilitate the saleof Arlington'as remaining shares of FBR Capital Markets. The companieas have also agreed to terminate certainm intercompany services andgovernance agreements.
million. In a statement the Arlington-baseed company (NYSE: FBR) said that pursuanr to a stock repurchase agreement between the company and FBR Capital Markets, the company will sell and FBR Capitalp Markets (NASDAQ: FBCM) will 16.67 million shares of FBR Capital Markets common stock at a purchased price of $4.35 per share. The stocmk sale will reduce Arlington Asset's ownershiop stake in FBR Capital Marketsz from approximately 56 percent to approximatelg39 percent. The stocik sale is expected to close on or beforerJune 2. FBR Capital Markets continued to bleed red ink in the firstf quarter as it worked to downsize the Itlost $16.
2 million, or 27 cent per share, in the first quarter, comparedd to a $10.2 million loss, or 16 cents per share, during the same period a year The losses came amid a 93 percent drop in investmengt banking revenue from capital raising, which led to an overall 52 percen reduction in revenue from a year earliedr to $49.7 million for the quarter. Following the FBR Capital Markets has agreed to cooperatw with Arlington Asset Investment Corp to facilitate the saleof Arlington'as remaining shares of FBR Capital Markets. The companieas have also agreed to terminate certainm intercompany services andgovernance agreements.
Thursday, October 27, 2011
Distracted driving targeted in new PSA - The Hill (blog)
acklinegymejac1362.blogspot.com
USA Today | Distracted driving targeted in new PSA The Hill (blog) Transportation Secretary Ray LaHood said he hopes the campaign "will send a strong message to teens that putting away cellphones and other distractions while you're driving is not just common-sense safe behavior, it can save your life. ... Company argues text messaging is by far the biggest danger to drivers McKenna urges young drivers to “stop the texts and stop the wrecks†Texting: Teens Scared Straight? |
Tuesday, October 25, 2011
Shanghai Homeowners Smash Showroom in Protest Over Falling Prices - Wall Street Journal (blog)
jidyryq.wordpress.com
Shanghai Homeowners Smash Showroom in Protest Over Falling Prices Wall Street Journal (blog) A group of around 400 homeowners in Shanghai demonstrated publicly and damaged a showroom operated by their property developer after the company said it cut prices. Home buyers had wanted to speak with the developer to refund or cancel their contracts ... |
Sunday, October 23, 2011
Cruiskeen Lawn June 23rd, 1943 - Irish Times
vadimsudigrenev.blogspot.com
Cruiskeen Lawn June 23rd, 1943 Irish Times YESTERDAY I marched into the polling booth, happy that the decent government had permitted me to take part in the complex quinquennial gestation that culminates in an expression of The People's Will. As usual, everybody looked as if they (yes, I know, ... |
Friday, October 21, 2011
Triad gets $8.8M for stimulus road work - The Business Journal of the Greater Triad Area:
xagawu.wordpress.com
million and were awarded to thelowesyt bidder. The Triad will receive abourt $8.8 million for three construction projects. “Thesew projects will help create and sustaimn thousands of jobs and provid needed economic development in counties throughouytNorth Carolina,” said Gov. Bev Perdue. “The will improve critical routews to help better connect North Carolinians arounfdthe state.” Bids receivexd came in about 25 or $36.7 million, below N.C. Department of Transportation Work will start in late June orearlhy July. The stimulus projects include three inthe Triad. $3.8 million, resurfacing 4.
1 miles of Interstate 40/85 from east of Rock Creekj Dairy Road in Guilforde County to west of University Driver inAlamance County. S.T. Wooten of Wilson received the Work is scheduled for June 29to Oct. 30. $1.5 million, rehabilitating two milesx of U.S. 29 in Rockingham Countyh from the Guilford line north toTroublesome W-L Construction & Paving Inc. of Va., won the contract. Work is scheduled for June 29 to Oct. 16. $3.5 million, resurfacing 5.1 miles of I-77 from U.S. 21 Businese in Yadkin County tothe U.S. 21 bypass in Surry County. Carl Rose Sons Inc. of Elkin received the Work is scheduled for July 6to Nov. 13.
million and were awarded to thelowesyt bidder. The Triad will receive abourt $8.8 million for three construction projects. “Thesew projects will help create and sustaimn thousands of jobs and provid needed economic development in counties throughouytNorth Carolina,” said Gov. Bev Perdue. “The will improve critical routews to help better connect North Carolinians arounfdthe state.” Bids receivexd came in about 25 or $36.7 million, below N.C. Department of Transportation Work will start in late June orearlhy July. The stimulus projects include three inthe Triad. $3.8 million, resurfacing 4.
1 miles of Interstate 40/85 from east of Rock Creekj Dairy Road in Guilforde County to west of University Driver inAlamance County. S.T. Wooten of Wilson received the Work is scheduled for June 29to Oct. 30. $1.5 million, rehabilitating two milesx of U.S. 29 in Rockingham Countyh from the Guilford line north toTroublesome W-L Construction & Paving Inc. of Va., won the contract. Work is scheduled for June 29 to Oct. 16. $3.5 million, resurfacing 5.1 miles of I-77 from U.S. 21 Businese in Yadkin County tothe U.S. 21 bypass in Surry County. Carl Rose Sons Inc. of Elkin received the Work is scheduled for July 6to Nov. 13.
Monday, October 17, 2011
Cushman & Wakefield loses third Miami exec - Charlotte Business Journal:
aleshnikovenil.blogspot.com
Caplin’s exit is the latest of severalrecent high-profiled departures at C&W in Miami. The firm is one of South Florida's largest real estate brokeragess and, like other brokerages, has seen few investmeny deals in thelast year. Former branch managetr Tere Blanca left in the spring tolaunch , a firm focusedf on office leasing and sales. Hank executive director of C&W in Florida, was notifie last month that his position was being eliminated. Steelbridge owns and manages propertyuthroughout Florida. It sold , on Miami’sx Brickell Key, for $150 million in 2007 after an eight-yead hold.
Steelbridge founder Gavin Campbellp will continue asmanaging principal, sharing the helm with Caplin. Caplim is one of a handful of commercial brokers involved inSouth Florida’s largest commercial transactions. Caplin said his exit is in responser to a paradigm shift in local investmenrt that comes at the tail end ofa cycle, wher leasing and management for institutional investorss became secondary to market momentum. During the boom yearas leading up to the expectation was that assetse with strong track records could be purchased and flippec quickly forbig returns. For a short period of some owners made thestrategy work, but then the economic meltdownb put the brakes on the market.
Some, who bought in the last few were holding assets that cost too much comparefd tomarket fundamentals. The market has now shiftef back to fundamental principlesof investment, with institutional investorss and private capital “seekinyg to co-invest with strong, nimble, local operating Caplin said. “The market and investore mostlybelieve it’s about operations on the groune and knowing how to position a building in a particulad submarket,” he said. Caplin oversaw more than $7 billiom in transactions at C&W, including $307 million purchase of a half-stakse in downtown Miami’s landmark and full ownership of the 1221 Brickelkl buildingin 2006.
He was involved in the sale of 355 Alhambrsa in Coral Gablesfor $87.3 million in 2008 and is currentlgy working with Hines to refinance its debt at . Caplijn is a graduate of south Miami-Dade County’s Palmettp High School. He graduated from in 1985 witha bachelor’sa degree in finance and real estate. Two yeards later, he left C&W’s appraisal group to launcnh the company’s local investment sales operation.
Caplin was part of a team in the late 1980ds that first specialized in investment sales in Duringthe mid-1990s, Steelbridge Capital had 2 million square feet of commercial real estate in its portfolio in sevehn Florida markets including Jacksonville, Napleas and Miami. They sold much of it from 2005to 2007. Caplin’sa arrival marks another periodof opportunity-investment for the Steelbridge’s Campbell said. "We thinkm valuations are finally starting to lookattractive again,” Campbelol said in a statement.
“The opportunity to buy Florida assets at significant discounts to replacemen t costis imminent, whilwe the long-term job and demographic prospects for Floridaq and the Caribbean basin are as strong as ever. Jay’s leadershilp will be the linchpinh ofour strategy."
Caplin’s exit is the latest of severalrecent high-profiled departures at C&W in Miami. The firm is one of South Florida's largest real estate brokeragess and, like other brokerages, has seen few investmeny deals in thelast year. Former branch managetr Tere Blanca left in the spring tolaunch , a firm focusedf on office leasing and sales. Hank executive director of C&W in Florida, was notifie last month that his position was being eliminated. Steelbridge owns and manages propertyuthroughout Florida. It sold , on Miami’sx Brickell Key, for $150 million in 2007 after an eight-yead hold.
Steelbridge founder Gavin Campbellp will continue asmanaging principal, sharing the helm with Caplin. Caplim is one of a handful of commercial brokers involved inSouth Florida’s largest commercial transactions. Caplin said his exit is in responser to a paradigm shift in local investmenrt that comes at the tail end ofa cycle, wher leasing and management for institutional investorss became secondary to market momentum. During the boom yearas leading up to the expectation was that assetse with strong track records could be purchased and flippec quickly forbig returns. For a short period of some owners made thestrategy work, but then the economic meltdownb put the brakes on the market.
Some, who bought in the last few were holding assets that cost too much comparefd tomarket fundamentals. The market has now shiftef back to fundamental principlesof investment, with institutional investorss and private capital “seekinyg to co-invest with strong, nimble, local operating Caplin said. “The market and investore mostlybelieve it’s about operations on the groune and knowing how to position a building in a particulad submarket,” he said. Caplin oversaw more than $7 billiom in transactions at C&W, including $307 million purchase of a half-stakse in downtown Miami’s landmark and full ownership of the 1221 Brickelkl buildingin 2006.
He was involved in the sale of 355 Alhambrsa in Coral Gablesfor $87.3 million in 2008 and is currentlgy working with Hines to refinance its debt at . Caplijn is a graduate of south Miami-Dade County’s Palmettp High School. He graduated from in 1985 witha bachelor’sa degree in finance and real estate. Two yeards later, he left C&W’s appraisal group to launcnh the company’s local investment sales operation.
Caplin was part of a team in the late 1980ds that first specialized in investment sales in Duringthe mid-1990s, Steelbridge Capital had 2 million square feet of commercial real estate in its portfolio in sevehn Florida markets including Jacksonville, Napleas and Miami. They sold much of it from 2005to 2007. Caplin’sa arrival marks another periodof opportunity-investment for the Steelbridge’s Campbell said. "We thinkm valuations are finally starting to lookattractive again,” Campbelol said in a statement.
“The opportunity to buy Florida assets at significant discounts to replacemen t costis imminent, whilwe the long-term job and demographic prospects for Floridaq and the Caribbean basin are as strong as ever. Jay’s leadershilp will be the linchpinh ofour strategy."
Friday, October 14, 2011
Hecker's finances detailed in court filing - Minneapolis / St. Paul Business Journal:
uhetemejih.wordpress.com
million in liabilities and $18.5 million in according to court documents filed Wednesdaygin U.S. Bankruptcy Court. Hecker, who in earlyt June, said he owes $530.3 million to securedr creditors, $236.3 million of nonprioritgy claims to unsecured creditorszand $95,269 of priority claims to unsecured Those are gross claims prioer to the value of collateral beingt deducted. Hecker’s largest secured creditor is Farmington, Mich.-baser , which is owed $476.9 Chrysler Financial in late April. Axie Capital/SageCrest in Conn. ($15 million), U.S. Bank in Minneapolis ($8.3 million), TCF Nationalp Bank in Minneapolis ($6.5 million), Cornerstone Bank in N.D. ($4.
8 million), The Lake Bank in Two Harbors ($2.6 IRS ($2.6 million), Alliance Bank in St. Paul ($2.5 million), Associated Bank in St. Paul ($2.5 million) and GELCOp Corp. in Eden Prairie ($1.8 million). The largest unsecured nonpriority claim is held byMountai Valley, Calif.-based Hyundai Motor Finance Co., whicjh is owed $55.2 million. U.S. Bank in Minneapolisd ($44.4 million), Toyota Motor Credit in Minnetonka ($13.8 million), VFS Financingt Inc. in Danbury, Conn. ($13.8 Bremer Bank in South St. Paul ($8.6 NorthMarq Capital in Bloomington ($8.1 and M&I Bank in Milwaukee ($8 million). Meanwhile, Hecker listexd $7.6 million in “real and $10.
9 million in “personal property.” His “reao property” includes a $4.4 milliobn home in Crosslake and six other houses and condominiums he owns or His personal property includesa $300,000 53-foott Hatteras boat, $35,290 in watches, $25,000 in a $24,000 wedding a John Deere riding four dirt bikes, seven three Vespa scooters, six four-wheelers, seven jet eight sets of golf clubs, two shotgunse and various home furnishings, as well as money he has in numerouas bank accounts, stocks, IRAs, accounts receivablr and other financial holdings.
million in liabilities and $18.5 million in according to court documents filed Wednesdaygin U.S. Bankruptcy Court. Hecker, who in earlyt June, said he owes $530.3 million to securedr creditors, $236.3 million of nonprioritgy claims to unsecured creditorszand $95,269 of priority claims to unsecured Those are gross claims prioer to the value of collateral beingt deducted. Hecker’s largest secured creditor is Farmington, Mich.-baser , which is owed $476.9 Chrysler Financial in late April. Axie Capital/SageCrest in Conn. ($15 million), U.S. Bank in Minneapolis ($8.3 million), TCF Nationalp Bank in Minneapolis ($6.5 million), Cornerstone Bank in N.D. ($4.
8 million), The Lake Bank in Two Harbors ($2.6 IRS ($2.6 million), Alliance Bank in St. Paul ($2.5 million), Associated Bank in St. Paul ($2.5 million) and GELCOp Corp. in Eden Prairie ($1.8 million). The largest unsecured nonpriority claim is held byMountai Valley, Calif.-based Hyundai Motor Finance Co., whicjh is owed $55.2 million. U.S. Bank in Minneapolisd ($44.4 million), Toyota Motor Credit in Minnetonka ($13.8 million), VFS Financingt Inc. in Danbury, Conn. ($13.8 Bremer Bank in South St. Paul ($8.6 NorthMarq Capital in Bloomington ($8.1 and M&I Bank in Milwaukee ($8 million). Meanwhile, Hecker listexd $7.6 million in “real and $10.
9 million in “personal property.” His “reao property” includes a $4.4 milliobn home in Crosslake and six other houses and condominiums he owns or His personal property includesa $300,000 53-foott Hatteras boat, $35,290 in watches, $25,000 in a $24,000 wedding a John Deere riding four dirt bikes, seven three Vespa scooters, six four-wheelers, seven jet eight sets of golf clubs, two shotgunse and various home furnishings, as well as money he has in numerouas bank accounts, stocks, IRAs, accounts receivablr and other financial holdings.
Wednesday, October 12, 2011
Blue Cross and Blue Shield of North Carolina CEO Greczyn says health-care reform will come slowly, if at all - Denver Business Journal:
edibin.wordpress.com
Greczyn, speaking during the Triangle BusinessJournall ’s State of Chapel Hill event Friday said he has been in talks with the White House over various reform plans, and that while he supports national health-care reform, he does not see any significanrt changes for five to 10 years. “We’lpl be having a lot of fun with he saidof health-care reform discussions. BCBSNCC drew national attention last monthb when published a story saying theChapeol Hill-based insurer, which is the 10th largestg in the nation, was creating a online campaigb to derail health-care reform. The article led to Greczybn receiving phone calls from theWhite House, he said.
Greczymn said The Post had insufficient information when it ran its The insurer has posted those videoz on aWeb site, www.nchealthreform.com, which the companyu says is intended to help educatre North Carolina residents about health Greczyn said he has concerns about the plansx that are making their way through the nation’e capital, saying a plan sponsored by Sen. Edwarr Kennedy (D-Mass.) would cost $1.3 trillion, while a plan from Sen. Max Baucus would cost $1.6 trillion. He also said neither plan mandatee that business owners provide health insurance for their employees.
Greczyn said most uninsured worker s are employed by companies with 25 workers or fewer and that the Kennedty bill would leave 37 milliomn ofthe nation’s 47 million uninsures still without coverage. Different organizations weighing in onthe health-refor m plans have disputed thosse numbers.
Greczyn, speaking during the Triangle BusinessJournall ’s State of Chapel Hill event Friday said he has been in talks with the White House over various reform plans, and that while he supports national health-care reform, he does not see any significanrt changes for five to 10 years. “We’lpl be having a lot of fun with he saidof health-care reform discussions. BCBSNCC drew national attention last monthb when published a story saying theChapeol Hill-based insurer, which is the 10th largestg in the nation, was creating a online campaigb to derail health-care reform. The article led to Greczybn receiving phone calls from theWhite House, he said.
Greczymn said The Post had insufficient information when it ran its The insurer has posted those videoz on aWeb site, www.nchealthreform.com, which the companyu says is intended to help educatre North Carolina residents about health Greczyn said he has concerns about the plansx that are making their way through the nation’e capital, saying a plan sponsored by Sen. Edwarr Kennedy (D-Mass.) would cost $1.3 trillion, while a plan from Sen. Max Baucus would cost $1.6 trillion. He also said neither plan mandatee that business owners provide health insurance for their employees.
Greczyn said most uninsured worker s are employed by companies with 25 workers or fewer and that the Kennedty bill would leave 37 milliomn ofthe nation’s 47 million uninsures still without coverage. Different organizations weighing in onthe health-refor m plans have disputed thosse numbers.
Monday, October 10, 2011
Lakes Buchanan, Travis must be lowered to help those downstream - Austin Business Journal:
bentlyoupapa1810.blogspot.com
LCRA is releasing the water for downstream rice farmeras andelectric utilities. The LCRA said both lakes are alreadyat “dangerouslyg low” levels, and to expect more islands to pop up as the levela in both lakes are That kind of actiomn might not be necessary in the futurr if a regional water project between the LCRA and the movesd forward, SAWS officials said. “This is exactlg what the project was designedr to help the HighlandLakes avoid,” said Chuck vice president of water resources at SAWS.
“Thre studies show that with conservatioj investments, reservoirs and other efforts, lake level would be protected and sufficient watetr provided for users up and down theColorado River.” LCRA and SAWS signede the original agreement in 2002 to study the feasibilitt of a water-sharing project and determine if water-sharing could provide for watere needs in both basins while meeting requirementss set by the Texas Legislature. But earliee this year, LCRA officials said that preliminary study findingsx indicated theproject wouldn’t meet all the legislative requirements, and that givenn updated growth projections, no water would be availabl for San Antonio.
SAWS trustees firexd back that LCRA’s use of updateed water need projections in the ongoing projecrt studies breachedthe agreement. SAWS has threatenedr to take legal but the LCRA has calledfor
LCRA is releasing the water for downstream rice farmeras andelectric utilities. The LCRA said both lakes are alreadyat “dangerouslyg low” levels, and to expect more islands to pop up as the levela in both lakes are That kind of actiomn might not be necessary in the futurr if a regional water project between the LCRA and the movesd forward, SAWS officials said. “This is exactlg what the project was designedr to help the HighlandLakes avoid,” said Chuck vice president of water resources at SAWS.
“Thre studies show that with conservatioj investments, reservoirs and other efforts, lake level would be protected and sufficient watetr provided for users up and down theColorado River.” LCRA and SAWS signede the original agreement in 2002 to study the feasibilitt of a water-sharing project and determine if water-sharing could provide for watere needs in both basins while meeting requirementss set by the Texas Legislature. But earliee this year, LCRA officials said that preliminary study findingsx indicated theproject wouldn’t meet all the legislative requirements, and that givenn updated growth projections, no water would be availabl for San Antonio.
SAWS trustees firexd back that LCRA’s use of updateed water need projections in the ongoing projecrt studies breachedthe agreement. SAWS has threatenedr to take legal but the LCRA has calledfor
Saturday, October 8, 2011
M&I Foundation grants to prevent foreclosures - The Business Journal of Milwaukee:
http://berg-nordenberg.com/?p=54
The charitable giving arm of (NYSE: MI) is donatint a total of $75,000 to strengthen organizations that providd foreclosure counselingand first-time homebuyer education. Urban Economic Development Associationm (UEDA) of Wisconsin, Milwaukee, to support UEDA’sd work to convene housing-related organizationas to best serve those in need of foreclosurepreventionn resources; Fair Housing Council, Milwaukee, to supportr the Fair Housing Council’s foreclosure prevention communit outreach; Housing Resources, to support education programmingt for first-time homebuyers; United Community Milwaukee, to support the first-time home buyersd education program; Select Milwaukee, Milwaukee, to suppor t foreclosure prevention programming; and Career Youtj Development, Milwaukee, to support first-time home buyers Milwaukee-based M&I Marshall & Ilsley Bank is also providing homeowner through a program announced Dec.
18, 2008, that includesw a foreclosure moratorium that is in place throughJune 30. M&I’es Homeowner Assistance Program also features streamlined assistancwe programs for potentially distressed homeowners who are identified in advanc e and proactivelyoffered assistance.
The charitable giving arm of (NYSE: MI) is donatint a total of $75,000 to strengthen organizations that providd foreclosure counselingand first-time homebuyer education. Urban Economic Development Associationm (UEDA) of Wisconsin, Milwaukee, to support UEDA’sd work to convene housing-related organizationas to best serve those in need of foreclosurepreventionn resources; Fair Housing Council, Milwaukee, to supportr the Fair Housing Council’s foreclosure prevention communit outreach; Housing Resources, to support education programmingt for first-time homebuyers; United Community Milwaukee, to support the first-time home buyersd education program; Select Milwaukee, Milwaukee, to suppor t foreclosure prevention programming; and Career Youtj Development, Milwaukee, to support first-time home buyers Milwaukee-based M&I Marshall & Ilsley Bank is also providing homeowner through a program announced Dec.
18, 2008, that includesw a foreclosure moratorium that is in place throughJune 30. M&I’es Homeowner Assistance Program also features streamlined assistancwe programs for potentially distressed homeowners who are identified in advanc e and proactivelyoffered assistance.
Thursday, October 6, 2011
SunPower Corp. and Xcel to build plant in Colorado - San Francisco Business Times:
http://marketingcircle.net/internet-marketing-the-easy-way.html
San Jose-based SunPower (NASDAQ: SPWRA) will work with Minneapolis-basedd (NYSE: XEL) on the 17-megawatt power facility, to be builty in Alamosa County by the endof 2010. That area of Coloradop is high altitude desert and gets a lotof sunshine, makinf it ideal for solar projects. The San Luis Valley around Alamosa includes Great Sand DunesNational Park, where prevailinfg winds blow sand up against the Sangre De Crist o Mountains. Visitors walking in the park will find that stronfg sunshine makes the sand too hot for bare feetby midday. No pric was given by the companies. Xcel owns the utility , led by CEO Tim It already has one plang inthe area, an 8.
2-megawatt solarr project that cost about $60 million. That plant’sz run by of Beltsville, Md. Special SunPower technology will increase the efficienchy of this project by tilting panelds to trackthe sun. SunPower, whic has a major office in Richmond’s Ford Point is also building a big power plantin Florida, due to be finishecd by the end of this That plant, at 25 megawatts, will be larger than this one in Right now, the biggest plant of this type is a 12-megawatrt one at Nellis Air Force Base in Nevadq — which SunPower also built.
The company has a contracgt fora 210-megawatt plant for local utilityu
San Jose-based SunPower (NASDAQ: SPWRA) will work with Minneapolis-basedd (NYSE: XEL) on the 17-megawatt power facility, to be builty in Alamosa County by the endof 2010. That area of Coloradop is high altitude desert and gets a lotof sunshine, makinf it ideal for solar projects. The San Luis Valley around Alamosa includes Great Sand DunesNational Park, where prevailinfg winds blow sand up against the Sangre De Crist o Mountains. Visitors walking in the park will find that stronfg sunshine makes the sand too hot for bare feetby midday. No pric was given by the companies. Xcel owns the utility , led by CEO Tim It already has one plang inthe area, an 8.
2-megawatt solarr project that cost about $60 million. That plant’sz run by of Beltsville, Md. Special SunPower technology will increase the efficienchy of this project by tilting panelds to trackthe sun. SunPower, whic has a major office in Richmond’s Ford Point is also building a big power plantin Florida, due to be finishecd by the end of this That plant, at 25 megawatts, will be larger than this one in Right now, the biggest plant of this type is a 12-megawatrt one at Nellis Air Force Base in Nevadq — which SunPower also built.
The company has a contracgt fora 210-megawatt plant for local utilityu
Tuesday, October 4, 2011
200 layoffs at American Steamship - Baltimore Business Journal:
vypybiza.wordpress.com
The Amherst-based company, which is a unit of , notified the that the workforcee reduction took place betweejn June 18 andJune 25. Last when the prospect of layoffs a spokeswomansaid that, if they would involve employees livint throughout the country, including those in Great Lakes cities such as Buffalo and Cleveland. The spokeswoman coul not be reached forcomment Friday, but in Marcuh she said all levels of shipboardx employees from captain on down woulcd be involved. The duration of the which are basedon seniority, was not disclose in the recent filing.
In its March the company said that because of the the 2009 shipping season mighyt not be busy enough to provide jobs for all the handas who normally workthe company’as ships. The steel industry provides abouyt 50 percent ofthe shipper’s with iron ore being the largest The steel industry is especially hard hit by the economic American Steamship owns 18 ships and listed a 534-member workforcre in March. Forty-one other employees work at the company’a headquarters on 500 Essjay Roadin Amherst.
The Amherst-based company, which is a unit of , notified the that the workforcee reduction took place betweejn June 18 andJune 25. Last when the prospect of layoffs a spokeswomansaid that, if they would involve employees livint throughout the country, including those in Great Lakes cities such as Buffalo and Cleveland. The spokeswoman coul not be reached forcomment Friday, but in Marcuh she said all levels of shipboardx employees from captain on down woulcd be involved. The duration of the which are basedon seniority, was not disclose in the recent filing.
In its March the company said that because of the the 2009 shipping season mighyt not be busy enough to provide jobs for all the handas who normally workthe company’as ships. The steel industry provides abouyt 50 percent ofthe shipper’s with iron ore being the largest The steel industry is especially hard hit by the economic American Steamship owns 18 ships and listed a 534-member workforcre in March. Forty-one other employees work at the company’a headquarters on 500 Essjay Roadin Amherst.
Saturday, October 1, 2011
Jobless and bored: Hospitals see influx of volunteers from ranks of unemployed - The Business Journal of Milwaukee:
ukatekexo.wordpress.com
Danek, 56, of Hales Corners, assumedx he would be called back to work in a few Whenhe wasn’t, and no new job offers were comingb in, he called to volunteer at one of the Milwaukee-based system’s “I figured I could push wheelchair around the hospital to keep myself busy,” Danek said. Aurorqa wanted Danek for more thanwheelchaire duty. The hospital system place d him in the emergency departmenyt ofAurora St. Luke’s Medicakl Center in Milwaukee, where he spends abou four hours a week making sure patienthave water, magazines or whatever else they might need whiles they wait in an exam room for the attendint physician.
“Man, it can get pretty nail-biting back there sometimes,” said who was called back to workat , Milwaukee, in but has continued volunteering at St. “You spend an evening at St. Luke’s and you feel kind of differentt whenyou leave,” he said. “Yoyu have good days and bad days at When you spend yourtime volunteering, it alwayss seems like you’ve accomplished something.” Boredom isn’ t the only thing prompting people to While local hospitals have had their share of the health care industry as a wholr has not been hit as hard as manufacturin g and construction in work-force reductions.
As a result, some unemployedc blue- and white-collar workers are seeking volunteetr opportunities at hospitals not only to do goodfor others, but also gain experiencew that might lead to a new, payintg job. “Heath care is stilll considered the biggest industry and there are a lot of job opportunitied beyond being a nurse ora doctor,” said Sandhy Stearns, associate dean of nursingh at .
Even if volunteeringh doesn’t lead to a job in healtb care, getting out and doing something positive while lookinb for work will be appealing toprospective employers, Stearns Over the past six months, Milwaukee-area hospital systemsd have seen an influx of volunteers like Daneik — people who are too youny to retire, but find themselves jobless in a “People are bored, they are tireds of pounding the pavement looking for a job and they’re hopingy to get their foot in the door in a hospitaol setting,” said Suzanne Korth, a volunteerd coordinator for , Glendale.
“I’m sure as soon as they find jobs someof (the will leave us, but in the we’re happy to have them.” Whil the typical hospital volunteer is in his or her late 70s, Wheato has gotten about a dozebn new volunteers in their 40s and 50s over the past said Korth, who oversees volunteer service at and Franciscan Woods long-ter care facility in Brookfield and the in Wauwatosa. Interviewds with the six health care systemzs in Milwaukee and Waukesha counties show most have had a significanf increasein volunteers, many of whom are recentlh unemployed.
An exception is in Wauwatosa, which has lost a few volunteerd who left for paying jobs because oftheir families’ economix situations, said spokesman Brian Dorrington. “Whether the return (to is due to health care coverage ordwindlinf pensions, some (volunteers) are finding themselves in a different placee than where they were at this time last Dorrington said. Columbia St. Mary’s Inc.
also has seen an increasd in college-age students volunteeringh to build resumes in a more competitivdjob market, said Kerr y Burmeister, director of volunteer services for the health system’w east side Milwaukee hospital “We recently had two individuals between college and applying for medicakl school who couldn’t find full-time jobs so we were able to retainm them as volunteers,” she said. Aurora, eastern Wisconsin’s largest healt care system, has recorded the largest increaseein volunteers. The system has abour 1,166 volunteers in the Milwaukere area, up 46 percent from a year ago, said Karemn Schaefer, Aurora’s regional director of volunteed services.
Angelo Coburn, 31, has been volunteeringf at in downtown Milwaukee about 20 hourxs a week since he lost his job at in Coburn has found the volunteerexperiences rewarding, and he hopes it might lead to employment at Auror a or someplace else. “It would be but I’m not counting on it,” Cobur n said. “Right now, I’m just very much enjoying
Danek, 56, of Hales Corners, assumedx he would be called back to work in a few Whenhe wasn’t, and no new job offers were comingb in, he called to volunteer at one of the Milwaukee-based system’s “I figured I could push wheelchair around the hospital to keep myself busy,” Danek said. Aurorqa wanted Danek for more thanwheelchaire duty. The hospital system place d him in the emergency departmenyt ofAurora St. Luke’s Medicakl Center in Milwaukee, where he spends abou four hours a week making sure patienthave water, magazines or whatever else they might need whiles they wait in an exam room for the attendint physician.
“Man, it can get pretty nail-biting back there sometimes,” said who was called back to workat , Milwaukee, in but has continued volunteering at St. “You spend an evening at St. Luke’s and you feel kind of differentt whenyou leave,” he said. “Yoyu have good days and bad days at When you spend yourtime volunteering, it alwayss seems like you’ve accomplished something.” Boredom isn’ t the only thing prompting people to While local hospitals have had their share of the health care industry as a wholr has not been hit as hard as manufacturin g and construction in work-force reductions.
As a result, some unemployedc blue- and white-collar workers are seeking volunteetr opportunities at hospitals not only to do goodfor others, but also gain experiencew that might lead to a new, payintg job. “Heath care is stilll considered the biggest industry and there are a lot of job opportunitied beyond being a nurse ora doctor,” said Sandhy Stearns, associate dean of nursingh at .
Even if volunteeringh doesn’t lead to a job in healtb care, getting out and doing something positive while lookinb for work will be appealing toprospective employers, Stearns Over the past six months, Milwaukee-area hospital systemsd have seen an influx of volunteers like Daneik — people who are too youny to retire, but find themselves jobless in a “People are bored, they are tireds of pounding the pavement looking for a job and they’re hopingy to get their foot in the door in a hospitaol setting,” said Suzanne Korth, a volunteerd coordinator for , Glendale.
“I’m sure as soon as they find jobs someof (the will leave us, but in the we’re happy to have them.” Whil the typical hospital volunteer is in his or her late 70s, Wheato has gotten about a dozebn new volunteers in their 40s and 50s over the past said Korth, who oversees volunteer service at and Franciscan Woods long-ter care facility in Brookfield and the in Wauwatosa. Interviewds with the six health care systemzs in Milwaukee and Waukesha counties show most have had a significanf increasein volunteers, many of whom are recentlh unemployed.
An exception is in Wauwatosa, which has lost a few volunteerd who left for paying jobs because oftheir families’ economix situations, said spokesman Brian Dorrington. “Whether the return (to is due to health care coverage ordwindlinf pensions, some (volunteers) are finding themselves in a different placee than where they were at this time last Dorrington said. Columbia St. Mary’s Inc.
also has seen an increasd in college-age students volunteeringh to build resumes in a more competitivdjob market, said Kerr y Burmeister, director of volunteer services for the health system’w east side Milwaukee hospital “We recently had two individuals between college and applying for medicakl school who couldn’t find full-time jobs so we were able to retainm them as volunteers,” she said. Aurora, eastern Wisconsin’s largest healt care system, has recorded the largest increaseein volunteers. The system has abour 1,166 volunteers in the Milwaukere area, up 46 percent from a year ago, said Karemn Schaefer, Aurora’s regional director of volunteed services.
Angelo Coburn, 31, has been volunteeringf at in downtown Milwaukee about 20 hourxs a week since he lost his job at in Coburn has found the volunteerexperiences rewarding, and he hopes it might lead to employment at Auror a or someplace else. “It would be but I’m not counting on it,” Cobur n said. “Right now, I’m just very much enjoying
Thursday, September 29, 2011
Corporate filings for bankruptcy to rise for all of 2009 - Dallas Business Journal:
deeshu-tatum.blogspot.com
In North Texas bankruptcyt courts, business bankruptcies of all sizes increasecby 62% in 2008 compareds with 2007. While first-quarter data on businessw bankruptcies isn’t yet available for the full Northern Texa District of federalbankruptcy courts, Dallaas Business Journal research indicates that more than 180 businessw bankruptcies have been filede in Dallas and Fort Worthb bankruptcy courts through mid-April. The most notable casea includeIdearc Inc., the phone directory publisher carryint $9 billion in debt, and Oklahoma City’s , the oil and gas producer operating in Oklahoma and Texas, which listed debts of more than $325.u million.
That’s on top of big corporate casees filed lastyear locally, such as chickenn producer Pilgrim’s Pride Corp. and retailer While personall bankruptcies began to climv beforethe U.S. economy officially entered a recessionh inDecember 2007, business bankruptcies typicallyh lag behind consumers in the economic cycle, said Bernardc Weinstein, an economist and director of the Centef for Economic Development and Research at the Universithy of North Texas. “Companiezs try to stay afloat and reduce theirvariable costs, but you do get to a pointy where you can’t coverr your fixed costs,” he said.
In additiojn to sales slowdowns across the companies abruptly found themselves unable to land loans or sell corporat e bonds in the second half oflast year. In the yearx leading up to thecurrentt downturn, “there has been plenty of capital available to mask lower profits and carrty businesses, but those sourcesw are holding tight right now,” said Joe a partner in the reorganization and corporatse finance practice for the Dallas law firm Munsch Hardt Kopf Harr PC. Marshall projects that corporate bankruptcie s will continue to increase througg the third quarter ofthis year.
“At some point, these declining businesses have to be sold or restructure their debts to avoid shuttingdown completely,” he said. Where consumer bankruptcies and home foreclosuresd climbedlast year, expect business bankruptcies and commerciao real estate foreclosures this year. “200i8 was the big year for home foreclosures,” Weinstei said. “This year will be the big year for commercialo realestate foreclosures.” From January through April, Dallas-Forg Worth commercial real estate foreclosure postings were up 14%, with 658 propertiea posted for auction through April.
That’as up from 577 in the firsrt four monthsof 2008, according to research by Addison-based Louis Robichaux, managing partner of Bridge LLC, a national boutique restructuring firm, projected bankruptcy filings will continue to climv at least through the end of 2009. “I expecf that the number of large Chapter 11 filingsx will be high through at leasy the fourth quarter of this he said. “The economic environment will not starft to improve until the capital markets beginj tofunction rationally.” What’s changed?
This recession is the firs one since changes to bankruptcyy laws in 2005 that limited the amount of time a debtor-companhy can spend in bankruptcy reorganization. As a “you’re not going to have thesre long, drawn-out restructurings,” Marshall That’s because a debtor-company has 18 months at most to developo a restructuring plan before creditors or another part y in the case can presengt a plan to the bankruptcy courtfor
In North Texas bankruptcyt courts, business bankruptcies of all sizes increasecby 62% in 2008 compareds with 2007. While first-quarter data on businessw bankruptcies isn’t yet available for the full Northern Texa District of federalbankruptcy courts, Dallaas Business Journal research indicates that more than 180 businessw bankruptcies have been filede in Dallas and Fort Worthb bankruptcy courts through mid-April. The most notable casea includeIdearc Inc., the phone directory publisher carryint $9 billion in debt, and Oklahoma City’s , the oil and gas producer operating in Oklahoma and Texas, which listed debts of more than $325.u million.
That’s on top of big corporate casees filed lastyear locally, such as chickenn producer Pilgrim’s Pride Corp. and retailer While personall bankruptcies began to climv beforethe U.S. economy officially entered a recessionh inDecember 2007, business bankruptcies typicallyh lag behind consumers in the economic cycle, said Bernardc Weinstein, an economist and director of the Centef for Economic Development and Research at the Universithy of North Texas. “Companiezs try to stay afloat and reduce theirvariable costs, but you do get to a pointy where you can’t coverr your fixed costs,” he said.
In additiojn to sales slowdowns across the companies abruptly found themselves unable to land loans or sell corporat e bonds in the second half oflast year. In the yearx leading up to thecurrentt downturn, “there has been plenty of capital available to mask lower profits and carrty businesses, but those sourcesw are holding tight right now,” said Joe a partner in the reorganization and corporatse finance practice for the Dallas law firm Munsch Hardt Kopf Harr PC. Marshall projects that corporate bankruptcie s will continue to increase througg the third quarter ofthis year.
“At some point, these declining businesses have to be sold or restructure their debts to avoid shuttingdown completely,” he said. Where consumer bankruptcies and home foreclosuresd climbedlast year, expect business bankruptcies and commerciao real estate foreclosures this year. “200i8 was the big year for home foreclosures,” Weinstei said. “This year will be the big year for commercialo realestate foreclosures.” From January through April, Dallas-Forg Worth commercial real estate foreclosure postings were up 14%, with 658 propertiea posted for auction through April.
That’as up from 577 in the firsrt four monthsof 2008, according to research by Addison-based Louis Robichaux, managing partner of Bridge LLC, a national boutique restructuring firm, projected bankruptcy filings will continue to climv at least through the end of 2009. “I expecf that the number of large Chapter 11 filingsx will be high through at leasy the fourth quarter of this he said. “The economic environment will not starft to improve until the capital markets beginj tofunction rationally.” What’s changed?
This recession is the firs one since changes to bankruptcyy laws in 2005 that limited the amount of time a debtor-companhy can spend in bankruptcy reorganization. As a “you’re not going to have thesre long, drawn-out restructurings,” Marshall That’s because a debtor-company has 18 months at most to developo a restructuring plan before creditors or another part y in the case can presengt a plan to the bankruptcy courtfor
Tuesday, September 27, 2011
A conversation with Brett Kaufman - Business First of Columbus:
obesonuqa.wordpress.com
investing and financing multifamily communities around the The 34-year-old is a native of Columbus. He holds a bachelor’ss degree in regional development fromthe . How has the recessio n affected apartments? The rental market will be stronh for the foreseeable future regardless ofthe recession. Residents conside r apartment livinga smart, viable optionj equal to home ownership. Are Central Ohio renters paying morethis year? Apartment communities are largely driven by the same fundamentalsz of good real estate: location, quality high-end service and management. Communities that are payinfg attention to these critical components will always have an opportunity toincrease rents.
Nationa l forecasts indicate apartment demand will be robust for the next 10 Can you forecast the apartment construction landscape for the restof 2009? Construction starts will continue to be up as largedr demand for rental housing continues, land pricews become reasonable and municipalities begin to welcome quality community development. This may be one of the strongest for-rent markets we have seen in because the tightened lending environmengt is impacting developers – and home How is the credit market affectinyg developers? The markets have tightenedr and will probably limit the amountf of development that gets done.
However, lendersd have to lend to stay in businesd and I think they understand the appeal of rentakl communitiesin today’s market. Why rent and not own? In the people were so quick to buy largely baseds on the myth that owning was a wiser In fact, for many people, especially people who are not sure they want to own in one locationb long term, renting was, is and will be the smarter Some big advantages to renting include a no-maintenance lifestyle, no real estats taxes, and no house to sell in the event of job relocation. Are landlordzs reluctant to accept renters who have experienceda foreclosure?
They should look at the applicant’s total histort and understand that people, not just purchased homes they eventually could not maybe because of loans with fluctuating rates, loss of jobs and otherd life changes. Being lured into a home purchase that turnec out to be too good to betrue doesn’rt automatically discount them as responsible renters. You’ve announcede a new apartment “tour” eveny for the public – what is the vision for this?
The first ever Apartments Alive Rentap Tour will be held June Our members and sponsors will display the quality and range of choices available across Centralp Ohio with the We hope this will give prospective residents the opportunity to get a comprehensived look at what Columbus offers by showcasintg a variety of apartment The tour will bring the industry together to tour approximately 90 communities overa 10- day (More information about the tour can be found at caahq.com.
)
investing and financing multifamily communities around the The 34-year-old is a native of Columbus. He holds a bachelor’ss degree in regional development fromthe . How has the recessio n affected apartments? The rental market will be stronh for the foreseeable future regardless ofthe recession. Residents conside r apartment livinga smart, viable optionj equal to home ownership. Are Central Ohio renters paying morethis year? Apartment communities are largely driven by the same fundamentalsz of good real estate: location, quality high-end service and management. Communities that are payinfg attention to these critical components will always have an opportunity toincrease rents.
Nationa l forecasts indicate apartment demand will be robust for the next 10 Can you forecast the apartment construction landscape for the restof 2009? Construction starts will continue to be up as largedr demand for rental housing continues, land pricews become reasonable and municipalities begin to welcome quality community development. This may be one of the strongest for-rent markets we have seen in because the tightened lending environmengt is impacting developers – and home How is the credit market affectinyg developers? The markets have tightenedr and will probably limit the amountf of development that gets done.
However, lendersd have to lend to stay in businesd and I think they understand the appeal of rentakl communitiesin today’s market. Why rent and not own? In the people were so quick to buy largely baseds on the myth that owning was a wiser In fact, for many people, especially people who are not sure they want to own in one locationb long term, renting was, is and will be the smarter Some big advantages to renting include a no-maintenance lifestyle, no real estats taxes, and no house to sell in the event of job relocation. Are landlordzs reluctant to accept renters who have experienceda foreclosure?
They should look at the applicant’s total histort and understand that people, not just purchased homes they eventually could not maybe because of loans with fluctuating rates, loss of jobs and otherd life changes. Being lured into a home purchase that turnec out to be too good to betrue doesn’rt automatically discount them as responsible renters. You’ve announcede a new apartment “tour” eveny for the public – what is the vision for this?
The first ever Apartments Alive Rentap Tour will be held June Our members and sponsors will display the quality and range of choices available across Centralp Ohio with the We hope this will give prospective residents the opportunity to get a comprehensived look at what Columbus offers by showcasintg a variety of apartment The tour will bring the industry together to tour approximately 90 communities overa 10- day (More information about the tour can be found at caahq.com.
)
Sunday, September 25, 2011
MCW to recruit more minorities for health careers - The Business Journal of Milwaukee:
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million grant from the that will be used to increase the numbe r of minorities and other disadvantaged individuals pursuingbiomedical careers. The program will recruigt college undergraduatesand first-yeart medical students from populations that are under-represented nationally in health-related The students will undertake a 10-week periodx of hands-on laboratory experience during the summer at the Medical College. Under the guidance of Medical College faculty, the students will develop investigativwe knowledge and skills, particularly in the areas of cardiovascular, hematologic or sleep research.
The experiencr is intended to buildvaluable skills, self-confidences and interest in the health and aid the successful entry into graduatw school or medical school. Dr. Kenneth Simons, senior associate dean of academicf affairs and professor of ophthalmology and andJeannette Vasquez-Vivar, associate professoer of biophysics, will lead the program, called the Summed Research Education Program to Increase Diversity in Health Related Research. “The goal is to work one-on-one with each student to help them map out a plan for advancingg to the next step on their academidc path and providing them with the tools they need to get Simons said.
million grant from the that will be used to increase the numbe r of minorities and other disadvantaged individuals pursuingbiomedical careers. The program will recruigt college undergraduatesand first-yeart medical students from populations that are under-represented nationally in health-related The students will undertake a 10-week periodx of hands-on laboratory experience during the summer at the Medical College. Under the guidance of Medical College faculty, the students will develop investigativwe knowledge and skills, particularly in the areas of cardiovascular, hematologic or sleep research.
The experiencr is intended to buildvaluable skills, self-confidences and interest in the health and aid the successful entry into graduatw school or medical school. Dr. Kenneth Simons, senior associate dean of academicf affairs and professor of ophthalmology and andJeannette Vasquez-Vivar, associate professoer of biophysics, will lead the program, called the Summed Research Education Program to Increase Diversity in Health Related Research. “The goal is to work one-on-one with each student to help them map out a plan for advancingg to the next step on their academidc path and providing them with the tools they need to get Simons said.
Friday, September 23, 2011
Colorado to pay Lend Lease $4.5M to settle Lowry Range issue - Denver Business Journal:
disqualify-sida.blogspot.com
million to Lend Lease Lowry Range LLC in a settlementy between the company and the States Land Board over development of the former Lowry bombing range east of Lend Lease, a division of Australiaj developer Ltd., was chosen in December 2006 to develop a planned community on 3,900 acrew of the 26,000-acre bombing-range site. But it backed out this sayingit couldn’t locate a sustainabl water supply at a reasonabler cost for the new community. In Lend Lease asked the state to reimburssit $5.
67 million for work it did on the Lowry Ranger project, a request both sides used in reachinf Monday’s settlement, according to Monday’s announcemenft from the Colorado Department of Naturakl Resources, which oversees the State Land Board. As part of the Lend Lease will give the Land Boarrd all its LowryRange studies, plans and reports, ranginhg from site preparation and geotechnical studies to environmental analyses and detailed development plans for the proposed the state said. The state will pay the $4.5 millionh in four installments throughAugust 2011.
“This agreemenyt will allow us to continuse planning the Lowry Range development project and protect the interestsx ofour beneficiaries, the schoolchildrejn of Colorado,” said Brownell director of the Land Board, in a The Land Board manages 3 million acrese of state trust land to benefitr Colorado schools. “The board continues to be committed toits three-part visionn of the Lowry Range project, with a focus on sustainable development and long-term income for the School Trust while also conservingh one of the most important prairi grasslands in the Denver-metro region,” Bailey said.
The proposexd bombing-range development called for building 13,000 homeds plus retail and commercial space, while an additionak 22,000 acres would remain a conservatiojn parcel. Before it walked away from the projecyin January, Lend Lease estimated infrastructure work to prepare the land woulc be around $100 million. Actual development would pour anestimatedx $334 million over the next two decades into the Statee Land Board’s trust fund for Colorado’s school children.
Lend Lease is also building the Horizon City Cente project at Interstate 70and
million to Lend Lease Lowry Range LLC in a settlementy between the company and the States Land Board over development of the former Lowry bombing range east of Lend Lease, a division of Australiaj developer Ltd., was chosen in December 2006 to develop a planned community on 3,900 acrew of the 26,000-acre bombing-range site. But it backed out this sayingit couldn’t locate a sustainabl water supply at a reasonabler cost for the new community. In Lend Lease asked the state to reimburssit $5.
67 million for work it did on the Lowry Ranger project, a request both sides used in reachinf Monday’s settlement, according to Monday’s announcemenft from the Colorado Department of Naturakl Resources, which oversees the State Land Board. As part of the Lend Lease will give the Land Boarrd all its LowryRange studies, plans and reports, ranginhg from site preparation and geotechnical studies to environmental analyses and detailed development plans for the proposed the state said. The state will pay the $4.5 millionh in four installments throughAugust 2011.
“This agreemenyt will allow us to continuse planning the Lowry Range development project and protect the interestsx ofour beneficiaries, the schoolchildrejn of Colorado,” said Brownell director of the Land Board, in a The Land Board manages 3 million acrese of state trust land to benefitr Colorado schools. “The board continues to be committed toits three-part visionn of the Lowry Range project, with a focus on sustainable development and long-term income for the School Trust while also conservingh one of the most important prairi grasslands in the Denver-metro region,” Bailey said.
The proposexd bombing-range development called for building 13,000 homeds plus retail and commercial space, while an additionak 22,000 acres would remain a conservatiojn parcel. Before it walked away from the projecyin January, Lend Lease estimated infrastructure work to prepare the land woulc be around $100 million. Actual development would pour anestimatedx $334 million over the next two decades into the Statee Land Board’s trust fund for Colorado’s school children.
Lend Lease is also building the Horizon City Cente project at Interstate 70and
Wednesday, September 21, 2011
Lockheed Martin Gets $49.9 Mln Contract For Marine Corps Targeting System - RTT News
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Lockheed Martin Gets $49.9 Mln Contract For Marine Corps Targeting System RTT News In a separate press release, Lockheed Martin stated that it has submitted its contract proposal for full-rate production of a new US Army radar that provides soldiers in combat with enhanced 360-degree protection from rockets, mortars and artillery. ... Lockheed Martin Submits Bid for EQ-36 Radar Production |
Monday, September 19, 2011
Pakistan wants undisputed relation with US: FO - The Express Tribune
hundleyobajoji1908.blogspot.com
Fox News | Pakistan wants undisputed relation with US: FO The Express Tribune The minister said Pakistan wants an undisputed relation with US and authorities on both sides sh » |
Saturday, September 17, 2011
HP Execs Call Pending Autonomy Acquisition Key To Information Management Plans - CRN
pemp66seb.blogspot.com
HP Execs Call Pending Autonomy Acquisition Key To Information Management Plans CRN Hewlett-Packard's pending $10.3 billion acquisition of Autonomy is intended to help turn HP into a provider of information management services, said HP Chairman Ray Lane and Shane Robison, the company's executive vice president ... |
Wednesday, September 14, 2011
Maryland, other states challenge GM bankruptcy plan - Washington Business Journal:
budimirukaovyril.blogspot.com
GM’s plan would free the automaker of lemonm law and productliability requirements, hurting customerse who recently bought cars, Missouri Attorney Generapl Chris Koster’s office said Attorneys general from Connecticut, Maryland, Minnesota, Missouri, Nebraska, Nortbh Dakota and Vermont filed an objection aboutt the provision Friday in U.S. Bankruptcy Courtt in New York. But emerged from bankruptcy earlier this monthn free of the same liabilitieas forvehicle defects.
Koster said he also is concerned aboutfhow GM’s bankruptcy plan treats automobile The current agreement allows the post-bankruptcy GM to decidd unilaterally what contractual provisions to insert into dealership contractz and requires the dealerships to accept the contract as written by the automaker. The agreement takew away the dealerships’ right to object, even if the contracty does not give them the protections they have instate law, Koster’s office said.
“Ther current agreement is terribly unfair to these dealership owners, many of whom have been loyal GM dealerz for decades and have invested their life savings in thesr family businesses,” Koster said in a statement. “Igt is unconscionable to force a dealershio to waive its rights under Missouri law simply becausde GMhas floundered.” While the state of Wisconsin is not involved in the challengd to GM's bankruptcy plan, state legislators are pushingb for the reorganized company to continue to operater a plant in A little more than a week ago, Russ Feingold and Herb Kohl and Reps.
Paul Ryan and Tammyg Baldwin met with General Motors executives to push for the recentluy shuttered Janesville plant to be the location of the new lineof fuel-efficient cars.
GM’s plan would free the automaker of lemonm law and productliability requirements, hurting customerse who recently bought cars, Missouri Attorney Generapl Chris Koster’s office said Attorneys general from Connecticut, Maryland, Minnesota, Missouri, Nebraska, Nortbh Dakota and Vermont filed an objection aboutt the provision Friday in U.S. Bankruptcy Courtt in New York. But emerged from bankruptcy earlier this monthn free of the same liabilitieas forvehicle defects.
Koster said he also is concerned aboutfhow GM’s bankruptcy plan treats automobile The current agreement allows the post-bankruptcy GM to decidd unilaterally what contractual provisions to insert into dealership contractz and requires the dealerships to accept the contract as written by the automaker. The agreement takew away the dealerships’ right to object, even if the contracty does not give them the protections they have instate law, Koster’s office said.
“Ther current agreement is terribly unfair to these dealership owners, many of whom have been loyal GM dealerz for decades and have invested their life savings in thesr family businesses,” Koster said in a statement. “Igt is unconscionable to force a dealershio to waive its rights under Missouri law simply becausde GMhas floundered.” While the state of Wisconsin is not involved in the challengd to GM's bankruptcy plan, state legislators are pushingb for the reorganized company to continue to operater a plant in A little more than a week ago, Russ Feingold and Herb Kohl and Reps.
Paul Ryan and Tammyg Baldwin met with General Motors executives to push for the recentluy shuttered Janesville plant to be the location of the new lineof fuel-efficient cars.
Monday, September 12, 2011
Habitat delinquency rates at 24-year low - Nashville Business Journal:
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Despite tough times, Habitat homeowners are payingtheit mortgages, and Habitat leaders say that’s because the agency’ws Delinquency Committee and homeWorks program are HomeWORKS is a series of classexs that prepare families for homeownership. “This is a perfec illustration of the importance of educationfor first-time says Nashville Area Habitat president and CEO Chrisa McCarthy. “All of our families go through monthsof one-on-one budgeg coaching and hours of classes to get them ready for the responsibilityy of paying a mortgage and taking care of theier investment.
” The class covers financial legal aspects of homeownership, budgeting, responsiblw family and neighbor characteristics, homeowners’ assistance basics and home The program started in early 2005 and has grownb to include classes for children to share the responsibilityh of homeownership. “HomeWORKS is vital to our says McCarthy. “Along with the bricks and mortare associatedwith homeownership, these classes offee families the instruction and trainintg to sustain a better life for the not just for themselves but for their Nashville Area Habitat for Humanity, a nonprofitf organization, built 60 homes in 2008.
The group buildsd homes Energy Star compliantfor efficiency. To the agency has served morethan 1,300 people, includinh 800 children.
Despite tough times, Habitat homeowners are payingtheit mortgages, and Habitat leaders say that’s because the agency’ws Delinquency Committee and homeWorks program are HomeWORKS is a series of classexs that prepare families for homeownership. “This is a perfec illustration of the importance of educationfor first-time says Nashville Area Habitat president and CEO Chrisa McCarthy. “All of our families go through monthsof one-on-one budgeg coaching and hours of classes to get them ready for the responsibilityy of paying a mortgage and taking care of theier investment.
” The class covers financial legal aspects of homeownership, budgeting, responsiblw family and neighbor characteristics, homeowners’ assistance basics and home The program started in early 2005 and has grownb to include classes for children to share the responsibilityh of homeownership. “HomeWORKS is vital to our says McCarthy. “Along with the bricks and mortare associatedwith homeownership, these classes offee families the instruction and trainintg to sustain a better life for the not just for themselves but for their Nashville Area Habitat for Humanity, a nonprofitf organization, built 60 homes in 2008.
The group buildsd homes Energy Star compliantfor efficiency. To the agency has served morethan 1,300 people, includinh 800 children.
Saturday, September 10, 2011
SU football capable of providing exciting moments - WatertownDailyTimes.com
http://adamswatersheds.org/historicallandscape.html
SU football capable of providing exciting moments WatertownDailyTimes.com That was my father's response every time I complained when he sank left-handed hook shots â€" he's right-handed â€" from the top of the key or drained a behind-the-back shot in the paint during our one-on-one basketball matches growing up. ... |
Thursday, September 8, 2011
MMAC: Milwaukee-area economy still sluggish - Houston Business Journal:
ukatekexo.wordpress.com
Only three of 20 April indicators registered improvemenrtfrom year-ago levels, matching the numbere of upward-pointing indicators recorded in March, the MMAC said in its Economicc Trends report. "The employment situation continued to deteriorate with deepening job declinee and unemployment indicators over double what they were one year saidBret Mayborne, economic research directod for the MMAC. "But metro area existing homes sales rose for only the second time in nearly threse years giving some hopefor near-term improvementg in a stagnant local housing and real estate market." Nonfarm employment in the metr area fell 4.
8 percent in April to 812,300, down from March’s 4.3 percent decrease. Employment levels have now declined comparerdwith year-ago levels in each of the past 12 with April’s decline beiny the steepest registered in this period, the MMAC said. Only two of 10 majoe industry sectors registered April job gains comparee with oneyear ago, while eight registered declines. Unemployment indicatorsw for the metro area both measured more than twicetheir year-earlier levels. The number of unemployede in metro Milwaukeerose 117.6% against year-ago levels, to 70,30p0 compared with 32,300 in April 2008. Likewise, new unemploymenr compensation claims rose ata 104.
6 percent rate in April to this indicator’s third consecutive year-over-year increasw of 100 percent or greater. On the positivs side, existing homes sales for the metrop arearose 5.6 percent in the first year-over-year increase in this indicato in seven months and only the second such gain in nearlt three years.
Only three of 20 April indicators registered improvemenrtfrom year-ago levels, matching the numbere of upward-pointing indicators recorded in March, the MMAC said in its Economicc Trends report. "The employment situation continued to deteriorate with deepening job declinee and unemployment indicators over double what they were one year saidBret Mayborne, economic research directod for the MMAC. "But metro area existing homes sales rose for only the second time in nearly threse years giving some hopefor near-term improvementg in a stagnant local housing and real estate market." Nonfarm employment in the metr area fell 4.
8 percent in April to 812,300, down from March’s 4.3 percent decrease. Employment levels have now declined comparerdwith year-ago levels in each of the past 12 with April’s decline beiny the steepest registered in this period, the MMAC said. Only two of 10 majoe industry sectors registered April job gains comparee with oneyear ago, while eight registered declines. Unemployment indicatorsw for the metro area both measured more than twicetheir year-earlier levels. The number of unemployede in metro Milwaukeerose 117.6% against year-ago levels, to 70,30p0 compared with 32,300 in April 2008. Likewise, new unemploymenr compensation claims rose ata 104.
6 percent rate in April to this indicator’s third consecutive year-over-year increasw of 100 percent or greater. On the positivs side, existing homes sales for the metrop arearose 5.6 percent in the first year-over-year increase in this indicato in seven months and only the second such gain in nearlt three years.
Tuesday, September 6, 2011
Little change in pump prices this week - Denver Business Journal:
qalymeled.wordpress.com
The national average is $2.05 per up about a penny sincedlast week. Albuquerque has the most expensive gas in the stateeat $2.01 a The least expensive gas is in Las at $1.97. Santa Fe prices are averaging decreasing nearly four centsx fromlast week. The reportedr that oil was trading inthe $51 per barrel Some experts believe a change in oil prices may be drivenj by the broader stock market’s movements and changes in the valuwe of the dollar. Oil expertds say as long as the economy stays demand for oil and gasolinde willremain soft. “U.S.
demand for oil stilo remains relatively low, most likely a byproducft of theslow economy, and inventories of crudes continue to build despite producers’ efforts to slow said AAA New Mexiclo spokesperson Sarah Schimmer. Schimmer said that historically, the approachb of summer has meantr an increase in the priceof gas. She said this tren is most often attributed to refiners convertingbto cleaner-burning summer blends and increase driving in the summer travel season. The calculates that if gas prices staybetween $2.00 and $2.25 a gallon, an averagee driver using 50 gallons a month will probablg save between $75 and $100 a month comparerd with last summer. •National $2.
04 •New Mexico $2.06 •Texas $1.97 •Albuquerquer $2.01 •Las Cruces $1.97 •Santa Fe Area $2.00 Ariz. $2.13 •Tucson, Ariz. $1.84 •Denver $1.97 •Durango, Colo. $2.14 •Las Nev. $2.12 •Amarillo, Texas $1.96 •El Texas $1.95
The national average is $2.05 per up about a penny sincedlast week. Albuquerque has the most expensive gas in the stateeat $2.01 a The least expensive gas is in Las at $1.97. Santa Fe prices are averaging decreasing nearly four centsx fromlast week. The reportedr that oil was trading inthe $51 per barrel Some experts believe a change in oil prices may be drivenj by the broader stock market’s movements and changes in the valuwe of the dollar. Oil expertds say as long as the economy stays demand for oil and gasolinde willremain soft. “U.S.
demand for oil stilo remains relatively low, most likely a byproducft of theslow economy, and inventories of crudes continue to build despite producers’ efforts to slow said AAA New Mexiclo spokesperson Sarah Schimmer. Schimmer said that historically, the approachb of summer has meantr an increase in the priceof gas. She said this tren is most often attributed to refiners convertingbto cleaner-burning summer blends and increase driving in the summer travel season. The calculates that if gas prices staybetween $2.00 and $2.25 a gallon, an averagee driver using 50 gallons a month will probablg save between $75 and $100 a month comparerd with last summer. •National $2.
04 •New Mexico $2.06 •Texas $1.97 •Albuquerquer $2.01 •Las Cruces $1.97 •Santa Fe Area $2.00 Ariz. $2.13 •Tucson, Ariz. $1.84 •Denver $1.97 •Durango, Colo. $2.14 •Las Nev. $2.12 •Amarillo, Texas $1.96 •El Texas $1.95
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