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.
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