hegenefipa.blogspot.com
The state’s Independent Contractor law, also known as the Misclassification Law, was createrd in 2004 to protect construction workers from beingvdeliberately “misclassified” by companies as contract worker who receive no benefits, instead of as employeea who by law are entitled to a varietyg of benefits. Companies that violate the law are subjecrt totreble damages, as well as potential criminalk charges. Since the law was enacted, the attorney general’d office has gone after construction the apparent intent when the measurd passed throughthe Legislature.
But the law is in no way limitedf toconstruction companies, which left some lawyers specializing in employment matters wondering in recent years whethedr other businesses might become Moreover, the law explicitly holds top executives liable for Earlier this month, executivees at Pearson Education, a textbook published in Upper Saddle N.J., apparently decided to interpret the law more broadly. Not wantingh to risk prosecution byMassachusetts authorities, the companty decided to discontinue work with all of its freelancers in the Freelance editor and writer John Sissonb counted Pearson Education as one of his largest clients untip he received e-mails from the company notifyinyg him Pearson, citing the Independent Contractor Law, no longer would use Massachusetts contract workers.
“I’ve lost businesxs and I stand to losemore business,” said a Newton resident. “It hurtse firms in Massachusetts because it does not allo them to outsource the work they need to do and it hurtxs independent professionals who rely onthat work,” Sissom said. “The fact of the matter is that theattorneyy general’s office is between a rock and a hard It’s a bad law and they’ree in charge of enforcing it.” A Pearsobn spokeswoman declined to comment for this story.
Criticsx of the law are also concernedf that a successor to Attorneh General Martha Coakley coulxd choose to interpret the law more broadly than she or her staftapparently has. “A number of employmenyt lawyers have worried since the law was enacted that a different attorney general might take a much broader and aggressive approacgto it,” said Joshua M. Davis, managing shareholdere of the labor and employment lawfirm Ogletree, in “The law was designed to protect folks who the Legislature believe were being wrongfully denied Davis notes that some clear guidance from the AG’s office abouft the scope of the law is needed.
The fact that an out-of-states firm has decided not to work with Massachusettsz freelancersis worrisome, but not yet a crisis, said Stephenb Adams, a small-business advocate in the ’s Bostob office. “We don’t know if it’s isolatecd and we don’t know if it’s warranted,” Adams “The problem is for the future, you’rr relying on the AG’zs interpretation and power toset priorities.
Ultimately, you do want to fix the
Friday, December 30, 2011
Tuesday, December 27, 2011
Overbrook Farm to sell off most of its horses - Silicon Valley / San Jose Business Journal:
humojo.wordpress.com
plans to sell off its Thoroughbred yearlings, breedint stock and most of its horsesin training, starting at Kenneland’xs yearling sale in September. “Over a period of more than 30 yearxs my father developed Overbrook Farm into one of the most successful and respected breeding operationxs inthe world,” said owne r Bill Young Jr. in a news release. “The decisioj to disperse is a personalo one that came after a great deal of Isimply don’t have the passiom for the thoroughbred sport that my father did, despitre my respect for the business.
” Overbroomk champions include 1996 Kentucky Derbty winner Grindstone, 1999 Breeder’s Cup Classif winner Cat Thief, dual classic winner Tabasco Cat, Preaknes Stakes winner Timber Country and Belmont Stakes winnet Editor’s Note. The dispersal will include about 200 The farm will continue as a small racinvg stable under the directionof Young’s son, Chriss Young. “Our goal is to lease the farm as a Thoroughbred operation,” Bill Young said in the The yearlings will be sold at Keeneland’s September Sale, which beginws Sept. 14.
The weanlings, broodmares and horses of racingv age will be sold during the Novembee BreedingStock Sale, and the dispersal will continuwe during the January Horses of All Ages Sale.
plans to sell off its Thoroughbred yearlings, breedint stock and most of its horsesin training, starting at Kenneland’xs yearling sale in September. “Over a period of more than 30 yearxs my father developed Overbrook Farm into one of the most successful and respected breeding operationxs inthe world,” said owne r Bill Young Jr. in a news release. “The decisioj to disperse is a personalo one that came after a great deal of Isimply don’t have the passiom for the thoroughbred sport that my father did, despitre my respect for the business.
” Overbroomk champions include 1996 Kentucky Derbty winner Grindstone, 1999 Breeder’s Cup Classif winner Cat Thief, dual classic winner Tabasco Cat, Preaknes Stakes winner Timber Country and Belmont Stakes winnet Editor’s Note. The dispersal will include about 200 The farm will continue as a small racinvg stable under the directionof Young’s son, Chriss Young. “Our goal is to lease the farm as a Thoroughbred operation,” Bill Young said in the The yearlings will be sold at Keeneland’s September Sale, which beginws Sept. 14.
The weanlings, broodmares and horses of racingv age will be sold during the Novembee BreedingStock Sale, and the dispersal will continuwe during the January Horses of All Ages Sale.
Sunday, December 25, 2011
Moyes wants more info from Reinsdorf, NHL on Coyotes bid - Phoenix Business Journal:
qalymeled.wordpress.com
Attorneys for Moyes are askingthe U.S. Bankruptcy Couryt in Phoenix to require more informatiobfrom Reinsdorf, his business partners and the regardingy his bid to buy the Coyotes. The Reinsdorrf ownership team includes Phoenix attorney John Kaites and sportd executiveTony Tavares. It has the backing of the NHL, whicgh opposes a Moyes-backed bid to sell the Coyote to Canadian billionaireJim Balsillie. CEO of BlackBerry maker Researchyin Motion, has made a $213 millionj cash offer for the Coyotes and would move them to Ontario. Moyes would get $100 million out of the Balsillie deal. The Reinsdorf bid does not list how much Reinsdorfv might get fromhis offer.
It focuses largely on refinancing and reworking thehockey team’x debts. Reinsdorf owns the Chicago Bulls and ChicagpoWhite Sox, and it appears his bid involveas little or no cash. Moyes wants U.S. Bankruptcyy Court Judge Redfield Baum to have the NHL and the Reinsdor ownership group disclose more information abouytheir bid, including financing and dealing with unsecured debts -- includingh money owed to Moyes, who says he has put $300 million into the The Moyes camp also is pointin g out that the NHL said there have been severalk bids to keep the team in Glendale, but only the one led by Reinsdorc was presented to Baum.
Moyes put the Coyotes into Chapte r 11 bankruptcyin May, and part of the team’ds reorganization was to involve a sale to Balsillie. The NHL and city of Glendalre started talking to Reinsdorf about buying the team beforse the Chapter11 filing.
Attorneys for Moyes are askingthe U.S. Bankruptcy Couryt in Phoenix to require more informatiobfrom Reinsdorf, his business partners and the regardingy his bid to buy the Coyotes. The Reinsdorrf ownership team includes Phoenix attorney John Kaites and sportd executiveTony Tavares. It has the backing of the NHL, whicgh opposes a Moyes-backed bid to sell the Coyote to Canadian billionaireJim Balsillie. CEO of BlackBerry maker Researchyin Motion, has made a $213 millionj cash offer for the Coyotes and would move them to Ontario. Moyes would get $100 million out of the Balsillie deal. The Reinsdorf bid does not list how much Reinsdorfv might get fromhis offer.
It focuses largely on refinancing and reworking thehockey team’x debts. Reinsdorf owns the Chicago Bulls and ChicagpoWhite Sox, and it appears his bid involveas little or no cash. Moyes wants U.S. Bankruptcyy Court Judge Redfield Baum to have the NHL and the Reinsdor ownership group disclose more information abouytheir bid, including financing and dealing with unsecured debts -- includingh money owed to Moyes, who says he has put $300 million into the The Moyes camp also is pointin g out that the NHL said there have been severalk bids to keep the team in Glendale, but only the one led by Reinsdorc was presented to Baum.
Moyes put the Coyotes into Chapte r 11 bankruptcyin May, and part of the team’ds reorganization was to involve a sale to Balsillie. The NHL and city of Glendalre started talking to Reinsdorf about buying the team beforse the Chapter11 filing.
Friday, December 23, 2011
Rams like aggressive play of RT Dahl - The Star-Ledger - NJ.com
ignatiywulyxura.blogspot.com
Rams like aggressive play of RT Dahl The Star-Ledger - NJ.com LOUIS (AP) รข€" The St. Louis Rams are liking the aggressive play they are getting from right tackle Harvey Dahl. Dahl, in his first season with the Rams, was called for holding during Sunday's loss to the Bengals with his team 13-6 at the time. ... |
Wednesday, December 21, 2011
Riot at Penn State is most costly, destructive in 15 years, State College ... - Patriot-News
bakakinkorypon.blogspot.com
Patriot-News | Riot at Penn State is most costly, destructive in 15 years, State College ... Patriot-News ANDY COLWELL for The Patriot-News" Penn State University students react to Joe Paterno's firing g » |
Monday, December 19, 2011
Strip the vision. Downtown Tampa's issues have persisted. - Tampa Bay Business Journal:
yqyqynesara.blogspot.com
Elected leaders, business officials, urban planners, artists, commuterd and others have opined about the state of downtowm since the suburbs began sprawlinyg away from Franklin Street after WorldWar II. And because it reflectxs the dynamic forces of people and the downtown palette is always a work in In the boom years of earlierthis decade, freshn strides were made to transform downtown Tampa from a daytime-onlyg office destination to a livelyh residential neighborhood with retail and recreationalo amenities. Now people are wondering whether that progresw will be stifled by the globaleconomivc downturn. Office vacancy and unemployment are higher than ayear ago.
“Downtownj Tampa appears to be reacting to this economy saidChristine Burdick, president of the . “Wd are working as good as we canrighyt now,” Burdick said. “I’m comfortable and confident. I’k also realistic and not naïve.” City planning maps remain dotted with dozense of downtown condominium projects totaling morethan 13,000 Many of those projects are and fewer than 4,00 0 residential units have been completed or broken Perhaps no project symbolizes the bust more than Trumop Tower Tampa, the gleaming luxury condo proposeds along the Hillsborough River.
Announcex with great fanfare in 2005, including a visit from Donald the project is mired in bankruptcy and lawsuits as weed grow on the vacantriverside lot. Other projects are moving forward, such as Element and the historicrestoratiob (see page 11). Burdick said three or four condo unitxs are being sold downtown each and other peopleare “What there are right now is more people she said. “I think we are past the tipping point of whethee downtown is a place where peopls wantto live.” Nobody knows how many peoplr live downtown. A study released earlier this year failedr to reach aconclusive result.
Public project, private food wine While private investment has public projectscontinue downtown, such as the new , the and Curti Hixon Waterfront Park between the river and Ashleh Drive. , under construction in the Channel District, is expected to open next And a few segments ofthe 2.2-miled linear waterfront park connecting the two museum projects have been Some see a steady uptick of smalol business activity. “Downtown has improved in the numbet ofnew restaurants,” said Ellen Brown, who has run the on Nortu Tampa Street since 1993. “When we movesd in there were none,” Browjn said. “Now there’s a nice choice of independent, ethniv food restaurants.
” But there stillp aren’t enough people walking around.
Elected leaders, business officials, urban planners, artists, commuterd and others have opined about the state of downtowm since the suburbs began sprawlinyg away from Franklin Street after WorldWar II. And because it reflectxs the dynamic forces of people and the downtown palette is always a work in In the boom years of earlierthis decade, freshn strides were made to transform downtown Tampa from a daytime-onlyg office destination to a livelyh residential neighborhood with retail and recreationalo amenities. Now people are wondering whether that progresw will be stifled by the globaleconomivc downturn. Office vacancy and unemployment are higher than ayear ago.
“Downtownj Tampa appears to be reacting to this economy saidChristine Burdick, president of the . “Wd are working as good as we canrighyt now,” Burdick said. “I’m comfortable and confident. I’k also realistic and not naïve.” City planning maps remain dotted with dozense of downtown condominium projects totaling morethan 13,000 Many of those projects are and fewer than 4,00 0 residential units have been completed or broken Perhaps no project symbolizes the bust more than Trumop Tower Tampa, the gleaming luxury condo proposeds along the Hillsborough River.
Announcex with great fanfare in 2005, including a visit from Donald the project is mired in bankruptcy and lawsuits as weed grow on the vacantriverside lot. Other projects are moving forward, such as Element and the historicrestoratiob (see page 11). Burdick said three or four condo unitxs are being sold downtown each and other peopleare “What there are right now is more people she said. “I think we are past the tipping point of whethee downtown is a place where peopls wantto live.” Nobody knows how many peoplr live downtown. A study released earlier this year failedr to reach aconclusive result.
Public project, private food wine While private investment has public projectscontinue downtown, such as the new , the and Curti Hixon Waterfront Park between the river and Ashleh Drive. , under construction in the Channel District, is expected to open next And a few segments ofthe 2.2-miled linear waterfront park connecting the two museum projects have been Some see a steady uptick of smalol business activity. “Downtown has improved in the numbet ofnew restaurants,” said Ellen Brown, who has run the on Nortu Tampa Street since 1993. “When we movesd in there were none,” Browjn said. “Now there’s a nice choice of independent, ethniv food restaurants.
” But there stillp aren’t enough people walking around.
Saturday, December 17, 2011
Few workers utilize employee assistance programs - Portland Business Journal:
houston-nearly.blogspot.com
Employee assistance programs can help with financial and personal but industry experts say only 2 percent to 8 percent of workers take advantage oftheir EAPs. At the same many employees burn hours of company time battling personapl problems when one call to their EAPcould help, said Joan senior human resources specialist for in “An EAP would have referralsa to debt counseling, credit counseling, financial management and, maybe, legao advice,” she said. “If I’m getting ready to defaul on my mortgage, I would like to know my legap rights. An EAP would definitely be used in thoser typesof situations.
” Administaff, whicn serves as a human resources departmenr for small and midsize companies, helps its clientxs gain access to benefits usuallt reserved for larger Its program uses UnitedHealthcare’s EAP network. “We make sure we offer the EAP as an because it’s helpful for employees to get some resources they may not know they have availabl e to them,” she said. Plus, Jolly said, it givew an employer a way to help an employeer resolve a problem and get back to doing the job he or she was hiredfto do. This is a way to keep personal problems from becomingpersonnel problems, she said. “It takes the employer out of the she said.
“They don’t want to get in the positiojnwhere they’re sitting there listening to an employee’s problems and giving them advice. They can feel good about referring them to professionals who can really help More than 90 percent of employeesx say their mental health and personal problems spill into theifrprofessional lives, and that has a direct impactt on their job performance, according to Mental Health To make matters worse, the estimatex the annual cost of personal problem in the workplace at $205 billion more than half as a result of lost productivity. Just because an employee shows up to that doesn’t mean he or she is productive.
recently conducted a survey that showed healtj and personal matters oftenkeep U.S. workers from being fully focusedd onthe job. U.S. workers admitted to spending an average of two to five hours a week resolvinhg personal issues duringbusiness hours. The survey showse “presenteeism” — where employees are physically present at but unable to perform at full capacity becausde of illness ordistraction — is widespread. Jodi senior vice president of , said the survet showed 61 percentof U.S. workers go to work distractedf bypersonal problems. “Having a good EAP can help people cope with some of those she said.
“We believe it to be a tool that helpz withindividual advocacy, to advocats for them for whatever is going on in their We know presenteeism accounts for a greatefr loss in the workplace than Employees are dealing with issues whicg range from child and eldere care to legal and financial But employees aren’t using their EAPs the way they she said. One problem could be that employerse fail to remind employees the service is she said. Gene Baker, vice president of , a divisio n of UnitedHealthcare, said many employeew and employers have outdaterd notions of what anEAP is.
“There are stil some folks who believe the EAP is supposed to deal with the person who hasalcohol problems, so there is a little bit of a stigma sometimes,” he said. EAPs are marketed more broadly toaddressz life’s daily challenges, he said. Baker is part of a work groupo withthe Washington-based , which is assemblingv an employer guide to EAPs. He says insurance companies will be changing the way thosr programsare delivered, beginning with using databasesz to track changes in beneficiaries’ lifestyles and “If we can reacy people through the EAP, ultimately we can reduce the medical expense that’s relatedd to stress,” Baker said.
This is a perfect time for employeez to get reacquainted withtheit EAPs, Baker said. “We’re in the greatesyt financial crisis since theGreat Depression,” he “You would think people wouled be calling. They’re not callinf as much as you want or expecgtthem to.” If it’s the potential stigma of mentall illness that keeps employees from callinh their EAPs, Baker said they need not worry; all calls are
Employee assistance programs can help with financial and personal but industry experts say only 2 percent to 8 percent of workers take advantage oftheir EAPs. At the same many employees burn hours of company time battling personapl problems when one call to their EAPcould help, said Joan senior human resources specialist for in “An EAP would have referralsa to debt counseling, credit counseling, financial management and, maybe, legao advice,” she said. “If I’m getting ready to defaul on my mortgage, I would like to know my legap rights. An EAP would definitely be used in thoser typesof situations.
” Administaff, whicn serves as a human resources departmenr for small and midsize companies, helps its clientxs gain access to benefits usuallt reserved for larger Its program uses UnitedHealthcare’s EAP network. “We make sure we offer the EAP as an because it’s helpful for employees to get some resources they may not know they have availabl e to them,” she said. Plus, Jolly said, it givew an employer a way to help an employeer resolve a problem and get back to doing the job he or she was hiredfto do. This is a way to keep personal problems from becomingpersonnel problems, she said. “It takes the employer out of the she said.
“They don’t want to get in the positiojnwhere they’re sitting there listening to an employee’s problems and giving them advice. They can feel good about referring them to professionals who can really help More than 90 percent of employeesx say their mental health and personal problems spill into theifrprofessional lives, and that has a direct impactt on their job performance, according to Mental Health To make matters worse, the estimatex the annual cost of personal problem in the workplace at $205 billion more than half as a result of lost productivity. Just because an employee shows up to that doesn’t mean he or she is productive.
recently conducted a survey that showed healtj and personal matters oftenkeep U.S. workers from being fully focusedd onthe job. U.S. workers admitted to spending an average of two to five hours a week resolvinhg personal issues duringbusiness hours. The survey showse “presenteeism” — where employees are physically present at but unable to perform at full capacity becausde of illness ordistraction — is widespread. Jodi senior vice president of , said the survet showed 61 percentof U.S. workers go to work distractedf bypersonal problems. “Having a good EAP can help people cope with some of those she said.
“We believe it to be a tool that helpz withindividual advocacy, to advocats for them for whatever is going on in their We know presenteeism accounts for a greatefr loss in the workplace than Employees are dealing with issues whicg range from child and eldere care to legal and financial But employees aren’t using their EAPs the way they she said. One problem could be that employerse fail to remind employees the service is she said. Gene Baker, vice president of , a divisio n of UnitedHealthcare, said many employeew and employers have outdaterd notions of what anEAP is.
“There are stil some folks who believe the EAP is supposed to deal with the person who hasalcohol problems, so there is a little bit of a stigma sometimes,” he said. EAPs are marketed more broadly toaddressz life’s daily challenges, he said. Baker is part of a work groupo withthe Washington-based , which is assemblingv an employer guide to EAPs. He says insurance companies will be changing the way thosr programsare delivered, beginning with using databasesz to track changes in beneficiaries’ lifestyles and “If we can reacy people through the EAP, ultimately we can reduce the medical expense that’s relatedd to stress,” Baker said.
This is a perfect time for employeez to get reacquainted withtheit EAPs, Baker said. “We’re in the greatesyt financial crisis since theGreat Depression,” he “You would think people wouled be calling. They’re not callinf as much as you want or expecgtthem to.” If it’s the potential stigma of mentall illness that keeps employees from callinh their EAPs, Baker said they need not worry; all calls are
Wednesday, December 14, 2011
Smart sales tactics required to successfully battle delayed purchasing decisions - bizjournals:
vlastaowibopaj.blogspot.com
The challenge is determining if the delay is a disguised anunresolved concern, an excuse or real. Most importantly, how can you get to the and move thesale forward? Buyers are like Wall Street: Neithed likes uncertainty. Understanding risk can help you smootn the progress towarda decision. Caution is an indicationb of risk aversionand it’zs rampant right now. Sellers become risk-adverse too, not wanting to hear a negativer decision. It is naturally easier to continue chasing than togive up. But consider that getting a negative decision now is bette than getting a negative decision after investing energy and resources pursuing a prospect for weekse oreven months.
Try facilitating a discussion arounc best-case and worst-case What is the worst case if they do and what is the best case if they moveforward ? What is the worst-case scenario if they buy now, and what is the best case if they delayh the decision? Having this conversation give s you the opportunity to influence their thought process and provide input. Three common themes emergw as reasons for delayed which are: • Incomplete or poor initial • Unanswered concerns. • Changes in Here is what you can do to diagnoss where you are and what todo First, did you just take the prospect’ds word that they could benefir from what you’re selling?
Qualifying the need meanss gaining evidence that their situation justifies the purchase. For everyone wants new office furniture, but how does not buyingh it now affectthe company?? It could range from lost productivity to poor market imagw to no effect at all. If there’ good evidence of significant impact, the urgency to make a purchaswis real. It’s also important to acquire the perspectivs of all the involved decisiojn makers to identifypotential roadblocks. It’sw rare for everyone to agree on needs and prioritiees withina company.
Without this information, it’s difficult to implemenyt a strategy to move Opportunities that need funding or that are waitin for funding are less likelg to close than those that have a budgegalready allocated. Risk-averse sellers avoid having the early crucialp conversations about budgetsand money. Hopin g that traditional benefits will carrgy the decision is riskier than having a direct and frank discussion about the investment requirements early in thesales process. Therwe is a difference between not having the budget and beingt unwilling to investthe budget. One is a logisticall problem while the other is a perceive dvalue problem.
You can’gt fix logistics, but you can address In a cautionary climate, you must run an game and qualify thoroughly. Second, a presentation or proposak that is premature will automaticallhy generatea stall. Buyersz unconsciously go through thres major phasesof buying. they evaluate if they have a need that is severs enoughto fix. Once a need is clear, the assessment of optionsd occurs. You know the buyer is in this modewhen they’rwe talking to competitors, have a committed budget, or a committeew or person is actively working on the problem. Communication is usuall y active and open during this Avoid presenting until prospects areassessinb options.
Delays and stalls frequently start when a decisionm isclose internally. A form of pre-buyer’s remorsee occurs. The fear relates to the consequences and difficulty of correcting a wrong The risk compels many to go with a known vendoer even if theirsolution isn’t the Minimizing or dismissing concerns at this point will surel y result in failure. Rather than push for a decision, reassure by using existing customers toconvey confidence, provide testimonials and, if possible, offer guarantees, insurance and assurance options to buil confidence in the buyer’s mind. Third, prioritiexs do change, and what was painful 30 to 60 days ago may not be the most pressintgconcern now.
You can’t control outside events, but you can continuw building your relationship and look for additional reasonsa to elevateyour solution. Asking “what questions can help you assess whether the delay is real or just a Examplesmight be, “What if the other priority gets fixeed quickly, where does that put this Or “What if A, B or C Ask, “Should we terminatw this file or should we keep it open?” to determined the extent of the delay. Prospects are reluctant to providew negativeinformation voluntarily. The best option is to avoid investinf time and energy on unlikely opportunitiex and finding those that have a greater chanceof success.
You can reducee delays with better qualifying, by givingg presentations and proposals at theright time, and using questionintg techniques to assess the reality when prioritiesd change.
The challenge is determining if the delay is a disguised anunresolved concern, an excuse or real. Most importantly, how can you get to the and move thesale forward? Buyers are like Wall Street: Neithed likes uncertainty. Understanding risk can help you smootn the progress towarda decision. Caution is an indicationb of risk aversionand it’zs rampant right now. Sellers become risk-adverse too, not wanting to hear a negativer decision. It is naturally easier to continue chasing than togive up. But consider that getting a negative decision now is bette than getting a negative decision after investing energy and resources pursuing a prospect for weekse oreven months.
Try facilitating a discussion arounc best-case and worst-case What is the worst case if they do and what is the best case if they moveforward ? What is the worst-case scenario if they buy now, and what is the best case if they delayh the decision? Having this conversation give s you the opportunity to influence their thought process and provide input. Three common themes emergw as reasons for delayed which are: • Incomplete or poor initial • Unanswered concerns. • Changes in Here is what you can do to diagnoss where you are and what todo First, did you just take the prospect’ds word that they could benefir from what you’re selling?
Qualifying the need meanss gaining evidence that their situation justifies the purchase. For everyone wants new office furniture, but how does not buyingh it now affectthe company?? It could range from lost productivity to poor market imagw to no effect at all. If there’ good evidence of significant impact, the urgency to make a purchaswis real. It’s also important to acquire the perspectivs of all the involved decisiojn makers to identifypotential roadblocks. It’sw rare for everyone to agree on needs and prioritiees withina company.
Without this information, it’s difficult to implemenyt a strategy to move Opportunities that need funding or that are waitin for funding are less likelg to close than those that have a budgegalready allocated. Risk-averse sellers avoid having the early crucialp conversations about budgetsand money. Hopin g that traditional benefits will carrgy the decision is riskier than having a direct and frank discussion about the investment requirements early in thesales process. Therwe is a difference between not having the budget and beingt unwilling to investthe budget. One is a logisticall problem while the other is a perceive dvalue problem.
You can’gt fix logistics, but you can address In a cautionary climate, you must run an game and qualify thoroughly. Second, a presentation or proposak that is premature will automaticallhy generatea stall. Buyersz unconsciously go through thres major phasesof buying. they evaluate if they have a need that is severs enoughto fix. Once a need is clear, the assessment of optionsd occurs. You know the buyer is in this modewhen they’rwe talking to competitors, have a committed budget, or a committeew or person is actively working on the problem. Communication is usuall y active and open during this Avoid presenting until prospects areassessinb options.
Delays and stalls frequently start when a decisionm isclose internally. A form of pre-buyer’s remorsee occurs. The fear relates to the consequences and difficulty of correcting a wrong The risk compels many to go with a known vendoer even if theirsolution isn’t the Minimizing or dismissing concerns at this point will surel y result in failure. Rather than push for a decision, reassure by using existing customers toconvey confidence, provide testimonials and, if possible, offer guarantees, insurance and assurance options to buil confidence in the buyer’s mind. Third, prioritiexs do change, and what was painful 30 to 60 days ago may not be the most pressintgconcern now.
You can’t control outside events, but you can continuw building your relationship and look for additional reasonsa to elevateyour solution. Asking “what questions can help you assess whether the delay is real or just a Examplesmight be, “What if the other priority gets fixeed quickly, where does that put this Or “What if A, B or C Ask, “Should we terminatw this file or should we keep it open?” to determined the extent of the delay. Prospects are reluctant to providew negativeinformation voluntarily. The best option is to avoid investinf time and energy on unlikely opportunitiex and finding those that have a greater chanceof success.
You can reducee delays with better qualifying, by givingg presentations and proposals at theright time, and using questionintg techniques to assess the reality when prioritiesd change.
Monday, December 12, 2011
Claims Brown Hill Creek plans based on old data - Eastern Courier Messenger
youngmanmeledero1636.blogspot.com
Messenger News | Claims Brown Hill Creek plans based on old data Eastern Courier Messenger RESIDENTS are being misled about plans for the contentious Brown Hill Creek dam because flood predictions are based on out-of-date rainf » |
Saturday, December 10, 2011
Houghton selling West Seneca campus - San Antonio Business Journal:
vavyzina.wordpress.com
The purchase price for the 36-acrs complex, located at 810 Union Road, is $2.5 million. The site featurex eight buildingstotalling 57,000 square feet with both residentialo and commercial space. Ronald academic vice president and dean of the Allegany County-based private college, said the listing reflects the institution’s desire to enhancr its presence in where it is works closely with several non-profitt agencies.
Ideally, the school wouls like to lease or buy a location closde to the Southtowns and lease or buy anothef site withincity lines, he “We really want to find ways in which we can partnee with existing organizations and find a a spot that would signal our commitment both to the city of Buffalo, but also to the surroundinbg communities where we’ve had an important Mahurin said. “We really haven’t determined whethef we would lease or purchasew atthe moment, but one possibility coulrd be that, depending on the potential buyer of the West Seneca property ... there’s no reason we wouldn’t leas back from the owner at some point.
We just don’t want to have to be in the propertygmanagement business.” is handling the property. The commercial real estatse firm is also helping Houghton searcg fornew sites. Mahurin said the decision to sell the West Senecw site stems fromthe college’s latest strategic plan, initiatedc with the arrival a few year ago of college President Shirley Mullen. “Partf of that review was lookingg at our programsand facilities, and as the colleged moves to actually deepen its commitmentf to service in the city of we found there would be strategicallg better ways to utilize our resources if we weren’ t necessarily being property managers in West Seneca,” Mahurin The college acquired the propertgy in 1969 from the Buffalo Bible Right now, it houses the officed of Houghton’s Program for Acceleratex College Education, known as PACE, which offers a managemenyt degree completion program for adult students.
Students with internshipss or student-teaching duties in Erie Countu have lived in the residential facilities. Students and alumnj have known for months that the West Seneca site coulr go upfor sale. In March, Mullenh told alumni that the board of trustees agreeeto “investigate options for future use of the West Senec a campus — including the possible sale of the propertyh — if this is deemed to be the best way to stewar the resources of this property for the work of Christia higher education,” according to a letter to alumni posted on the college’e Web site.
In the same letter, Mullen wroter that “significant renovation” at the complex is necessaruy for expansion there and thatthe college’s mission is “drawing us more directlt into the city of Buffalo, a significant distanc from West Seneca’s suburban location.” Mahurinh said the PACE program will continue, and possibly without disruption. “This is in no way a stepping back of commitment tothat program,” he Jim Militello said he expects lots of interesf in the property, which includes five townhousex and a 15,800-square-foot conference center.
It is currently zoned for banquef facilities, adult care, medical uses, church or school expansions and single- and multi-family residential development, he said. “There’sz a great deal of flexibility,” he said.
The purchase price for the 36-acrs complex, located at 810 Union Road, is $2.5 million. The site featurex eight buildingstotalling 57,000 square feet with both residentialo and commercial space. Ronald academic vice president and dean of the Allegany County-based private college, said the listing reflects the institution’s desire to enhancr its presence in where it is works closely with several non-profitt agencies.
Ideally, the school wouls like to lease or buy a location closde to the Southtowns and lease or buy anothef site withincity lines, he “We really want to find ways in which we can partnee with existing organizations and find a a spot that would signal our commitment both to the city of Buffalo, but also to the surroundinbg communities where we’ve had an important Mahurin said. “We really haven’t determined whethef we would lease or purchasew atthe moment, but one possibility coulrd be that, depending on the potential buyer of the West Seneca property ... there’s no reason we wouldn’t leas back from the owner at some point.
We just don’t want to have to be in the propertygmanagement business.” is handling the property. The commercial real estatse firm is also helping Houghton searcg fornew sites. Mahurin said the decision to sell the West Senecw site stems fromthe college’s latest strategic plan, initiatedc with the arrival a few year ago of college President Shirley Mullen. “Partf of that review was lookingg at our programsand facilities, and as the colleged moves to actually deepen its commitmentf to service in the city of we found there would be strategicallg better ways to utilize our resources if we weren’ t necessarily being property managers in West Seneca,” Mahurin The college acquired the propertgy in 1969 from the Buffalo Bible Right now, it houses the officed of Houghton’s Program for Acceleratex College Education, known as PACE, which offers a managemenyt degree completion program for adult students.
Students with internshipss or student-teaching duties in Erie Countu have lived in the residential facilities. Students and alumnj have known for months that the West Seneca site coulr go upfor sale. In March, Mullenh told alumni that the board of trustees agreeeto “investigate options for future use of the West Senec a campus — including the possible sale of the propertyh — if this is deemed to be the best way to stewar the resources of this property for the work of Christia higher education,” according to a letter to alumni posted on the college’e Web site.
In the same letter, Mullen wroter that “significant renovation” at the complex is necessaruy for expansion there and thatthe college’s mission is “drawing us more directlt into the city of Buffalo, a significant distanc from West Seneca’s suburban location.” Mahurinh said the PACE program will continue, and possibly without disruption. “This is in no way a stepping back of commitment tothat program,” he Jim Militello said he expects lots of interesf in the property, which includes five townhousex and a 15,800-square-foot conference center.
It is currently zoned for banquef facilities, adult care, medical uses, church or school expansions and single- and multi-family residential development, he said. “There’sz a great deal of flexibility,” he said.
Thursday, December 8, 2011
J.L. French files Chapter 11 - Dallas Business Journal:
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The Sheboygan-based company and its domestic affiliates will completesa pre-negotiated restructuring under Chapter 11 and has filed voluntary petitions in the for the District of Delaware. The company indicatexd that it intends to file its Chapter 11 plan of reorganizatiom and disclosure statement withinthe week. In responsse to U.S. automotive production declinesand industry-wide credit restrictions, J.L. French managemen t said it plans to reduce its secureds debt fromapproximately $280 milliohn to $65 million through debt-for-equityg swaps with first- and second-lien term loan lenderw to provide a stable financial foundationj for the company’s future operations.
None of the company’s foreigmn operations are included in the Chapter 11 These businesses will remain unaffected by the filingse and will continue operationsas usual. J.L. Frency also announced an agreement with certain first lien lendere fora $15 million debtor-in-possession facility to fund workingv capital needs that may arise during the reorganization. This facility will also serve as the foundation forthe company’es exit financing. “Our company has a strong businessx model with distinct technological and quality advantages that positionh us well with ourcustomer base,” Thomas J.L.
French’s chairman, president, and CEO, said in a “However, sales have dropped commensurate with the dramaticx decline in the North Americaj automotive production to the extent that we cannot serviced the existingdebt structure.” By significantly reducingy its debt, J.L. French will eliminate the “balance sheet barriers that have historically prevented us from securing awards of certain new business contracts and will providew the company with additional operating Musgrave said. The company intends to emerge from Chapter 11 protection withimn90 days, he said. Foundefd in 1968, J.L.
French Automotive Castings is a manufacturer of highlg engineered aluminum die cast automotive parts including oil enginefront covers, engine blocks and transmissionb cases. The company employs more than 800 peoplre inits U.S.
The Sheboygan-based company and its domestic affiliates will completesa pre-negotiated restructuring under Chapter 11 and has filed voluntary petitions in the for the District of Delaware. The company indicatexd that it intends to file its Chapter 11 plan of reorganizatiom and disclosure statement withinthe week. In responsse to U.S. automotive production declinesand industry-wide credit restrictions, J.L. French managemen t said it plans to reduce its secureds debt fromapproximately $280 milliohn to $65 million through debt-for-equityg swaps with first- and second-lien term loan lenderw to provide a stable financial foundationj for the company’s future operations.
None of the company’s foreigmn operations are included in the Chapter 11 These businesses will remain unaffected by the filingse and will continue operationsas usual. J.L. Frency also announced an agreement with certain first lien lendere fora $15 million debtor-in-possession facility to fund workingv capital needs that may arise during the reorganization. This facility will also serve as the foundation forthe company’es exit financing. “Our company has a strong businessx model with distinct technological and quality advantages that positionh us well with ourcustomer base,” Thomas J.L.
French’s chairman, president, and CEO, said in a “However, sales have dropped commensurate with the dramaticx decline in the North Americaj automotive production to the extent that we cannot serviced the existingdebt structure.” By significantly reducingy its debt, J.L. French will eliminate the “balance sheet barriers that have historically prevented us from securing awards of certain new business contracts and will providew the company with additional operating Musgrave said. The company intends to emerge from Chapter 11 protection withimn90 days, he said. Foundefd in 1968, J.L.
French Automotive Castings is a manufacturer of highlg engineered aluminum die cast automotive parts including oil enginefront covers, engine blocks and transmissionb cases. The company employs more than 800 peoplre inits U.S.
Tuesday, December 6, 2011
Colorado is expected to create more jobs than the rest of the nation, economic ... - Denver Post
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Colorado is expected to create more jobs than the rest of the nation, economic ... Denver Post Service providers will continue to do the heavy lifting when it comes to creating jobs next year in Colorado, according to the 2012 Business Economic Outlook from the University of Colorado at Boulder Leeds School of Business. ... |
Saturday, December 3, 2011
Publishing firm moving offices to Symmes Twp. - Business Courier of Cincinnati:
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New York-based Wicks Group hired Matt Thibeau, a 20-year publishing to run the business, and charged him with three developnew products, explore strategic partnerships and buildc the company through acquisition. Before that could happen, the 135-year-olsd firm would have to move from its Mounft Healthy headquarters since the combined warehouse and officw space was owned bythe company's formetr parent, Standex. Thibeau said the move will let Standarr Publishing build a morecollaborative atmosphere. The company spenrt 40 years in theold building.
"We wanter to upgrade the quality ofour environment," he "And we have to drive process get out of silos and work Standard hired Grubb & Ellis/Westt Shell Commercial to serve as a broker and a project manager. After a three-montbh search, Standard decided to split offits warehouse/distribution from its officse space. The warehouse moved to 90,000 square feet on Robertson Road in Oakley and the officd will be at Governors Hill inSymmes Township. "Wes knew there was going to be a recognized chang e geographically and in everything the companywas doing," said Doug a broker with Grubb & Ellis.
Standard Publishing'es new office space of 33,000 square feet on one will be readyMarch 15. "Now editorial can work with marketing and designb and sales to develop new Thibeau said. The previous model was linear and sequential. Thibeah also hopes the new space will help the firm grow by Standard acquired Rainbow Studies Internationalin December, and others are in the works, he Governors Hill offices will be readyg March 15. The 33,000 square feet of spaces will be onone floor.
New York-based Wicks Group hired Matt Thibeau, a 20-year publishing to run the business, and charged him with three developnew products, explore strategic partnerships and buildc the company through acquisition. Before that could happen, the 135-year-olsd firm would have to move from its Mounft Healthy headquarters since the combined warehouse and officw space was owned bythe company's formetr parent, Standex. Thibeau said the move will let Standarr Publishing build a morecollaborative atmosphere. The company spenrt 40 years in theold building.
"We wanter to upgrade the quality ofour environment," he "And we have to drive process get out of silos and work Standard hired Grubb & Ellis/Westt Shell Commercial to serve as a broker and a project manager. After a three-montbh search, Standard decided to split offits warehouse/distribution from its officse space. The warehouse moved to 90,000 square feet on Robertson Road in Oakley and the officd will be at Governors Hill inSymmes Township. "Wes knew there was going to be a recognized chang e geographically and in everything the companywas doing," said Doug a broker with Grubb & Ellis.
Standard Publishing'es new office space of 33,000 square feet on one will be readyMarch 15. "Now editorial can work with marketing and designb and sales to develop new Thibeau said. The previous model was linear and sequential. Thibeah also hopes the new space will help the firm grow by Standard acquired Rainbow Studies Internationalin December, and others are in the works, he Governors Hill offices will be readyg March 15. The 33,000 square feet of spaces will be onone floor.
Thursday, December 1, 2011
Rockwell Automation Machine Safeguarding Solutions Resonate with Chinese ... - ARC Advisory Group
lihung-associations.blogspot.com
Rockwell Automation Machine Safeguarding Solutions Resonate with Chinese ... ARC Advisory Group As the manufacturing industries in China continue to expand, automating production operations is beginning to play a pivotal role within the manufacturing sector. At the same time, the use of more complex machines ... |
Tuesday, November 29, 2011
Bauer takes stars from 17 banks - South Florida Business Journal:
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The company uses federal regulatory data to rate bankz based oncapital ratio, profit/lossd trend, delinquent loans and othed factors. Bauer's rating ranks from a high of 5 stars to a low of 0 in Coral Gables lost a star goin g tofour (excellent) from five (superior) Four others maintained their five-star American National Bank, Oakland Park City Nationak Bank of Florida, Miami First National South Miami Intercontinental Bank, West Miami in Miami rose to threse stars from two. First United Bank in Boca Ratojn and Biscayne Bank in Coconut Grove roseto 3.5 starsw from three. in Fort Lauderdalwe made four stars, up from 3.5. Severaol banks went to 3.
5 from four They are: , Homestead Doral-based slippeds again, this time to threre stars from three-and-a-half stars in the firsrt quarter. That’s down from four starsa in the third quarter of last Other banks that slipped to threestars (good) from 3.5 are: Executivde National, Miami , Miami , Miami U.S. Century Bank, Miami Valley Bank, Fort Lauderdalwe Lydian Private Bank inPalm Beach, Grand Eastern Bank of Floridwa in Miami, Metro Bank of Dade County, and in Miami fell to two star s (problematic) from three. , Miami, in Nortn Lauderdale and in Boca Raton fell a notchy toone star, down from two in the fourthu quarter.
Four banks retained zero stars, Bauer’s lowesgt rating: , Miami Republic Federal Bank, Miam i , Miami Integrity Bank, Jupiter
The company uses federal regulatory data to rate bankz based oncapital ratio, profit/lossd trend, delinquent loans and othed factors. Bauer's rating ranks from a high of 5 stars to a low of 0 in Coral Gables lost a star goin g tofour (excellent) from five (superior) Four others maintained their five-star American National Bank, Oakland Park City Nationak Bank of Florida, Miami First National South Miami Intercontinental Bank, West Miami in Miami rose to threse stars from two. First United Bank in Boca Ratojn and Biscayne Bank in Coconut Grove roseto 3.5 starsw from three. in Fort Lauderdalwe made four stars, up from 3.5. Severaol banks went to 3.
5 from four They are: , Homestead Doral-based slippeds again, this time to threre stars from three-and-a-half stars in the firsrt quarter. That’s down from four starsa in the third quarter of last Other banks that slipped to threestars (good) from 3.5 are: Executivde National, Miami , Miami , Miami U.S. Century Bank, Miami Valley Bank, Fort Lauderdalwe Lydian Private Bank inPalm Beach, Grand Eastern Bank of Floridwa in Miami, Metro Bank of Dade County, and in Miami fell to two star s (problematic) from three. , Miami, in Nortn Lauderdale and in Boca Raton fell a notchy toone star, down from two in the fourthu quarter.
Four banks retained zero stars, Bauer’s lowesgt rating: , Miami Republic Federal Bank, Miam i , Miami Integrity Bank, Jupiter
Sunday, November 27, 2011
Starbucks wins California tip-pooling case appeal - Sacramento Business Journal:
viktorevaikubuwo.blogspot.com
A class-action lawsuit brought by Jou Chau, a formefr barista for Starbucks (Nasdaq: alleged that the coffese chain’s policy allowing shift supervisors to share in tip moneyu that customers place in jars violateds Californialabor laws. A San Diego lower courg sided with Chau in the suit and awardes morethan $86 million in damages but on Tuesday, that rulinfg was overturned. “We conclude the trial courg erred in rulingthat Starbucks's tip-allocation polic y violated California law.
The applicable statutes do not prohibit Starbucks from permittint shift supervisors to share in the proceedx placed in collectivetip boxes,” wrote Fourtn Appellate District Court in their decision. Chau alleged that Starbucks’ shift supervisors should be considered managers and not eligiblrefor tip-sharing. Shift supervisors perform variou duties atthe company’s stores, such as making coffee cleaning tables, cleaning bathrooms and working the cash register, and Chau said they shouldn’f be allowed to share in the tips collected in the plastic containers at each store location.
The lowefr court awarded more than $86 million in damages plus interest, with the total award estimatedd at morethan $100 million. Starbucksa countered that all baristas and shifg supervisors are eligible to sharein tips, and the appeales court agreed. “It is undisputed here that the tippingv public intended to collectively tip both the baristax and the shiftsupervisord — for their work as a ‘team,’” wrote the appeals court.
A class-action lawsuit brought by Jou Chau, a formefr barista for Starbucks (Nasdaq: alleged that the coffese chain’s policy allowing shift supervisors to share in tip moneyu that customers place in jars violateds Californialabor laws. A San Diego lower courg sided with Chau in the suit and awardes morethan $86 million in damages but on Tuesday, that rulinfg was overturned. “We conclude the trial courg erred in rulingthat Starbucks's tip-allocation polic y violated California law.
The applicable statutes do not prohibit Starbucks from permittint shift supervisors to share in the proceedx placed in collectivetip boxes,” wrote Fourtn Appellate District Court in their decision. Chau alleged that Starbucks’ shift supervisors should be considered managers and not eligiblrefor tip-sharing. Shift supervisors perform variou duties atthe company’s stores, such as making coffee cleaning tables, cleaning bathrooms and working the cash register, and Chau said they shouldn’f be allowed to share in the tips collected in the plastic containers at each store location.
The lowefr court awarded more than $86 million in damages plus interest, with the total award estimatedd at morethan $100 million. Starbucksa countered that all baristas and shifg supervisors are eligible to sharein tips, and the appeales court agreed. “It is undisputed here that the tippingv public intended to collectively tip both the baristax and the shiftsupervisord — for their work as a ‘team,’” wrote the appeals court.
Friday, November 25, 2011
Getting comfy listening to Bill Cosby - Ventura County Star
http://leclubnet.com/index.php?option=com_content&task=view&id=21&Itemid=35
Getting comfy listening to Bill Cosby Ventura County Star Bill Cosby plays drums at the 2008 Playboy Jazz Festival. "Well, let's just say I beat them, I beat the drums," says Cosby, who hosts the festival each year at the Hollywood Bowl. The legendary comedian will perform at 8 pm Sunday at ... |
Wednesday, November 23, 2011
WEDU selects 2009 board members with Barry Alpert as chairman - The Business Review (Albany):
burdukovahycel.blogspot.com
Alpert is the managing director of investment banking and businese developmentat . He was previously a seniof vice president in investment banking at Robert W. Baird & Co. Richard J. Dobkin, Laura Starkeg and A. Bronson Thayere were named vice chairman, secretary and treasurer of the board, respectively. Currently retired, Dobkih was previously Tampa managing partnerat . He also servedf as a member of theSoutheasyt . Since 2005, Starkey has been the director of conservationh land forStarkey Ranch.
In this she supervises the land management for the ranch conservatiojn areas and directs the and Thayer is chairman of and was previously with He receivexda bachelor’s degree at and an MBA in bankingh and finance from . In addition, WEDU has named Lisa Carltojn ofSarasota County, Marshall Goodman of Polk County, and Ronal d W. Pierce and David B. Weinsteijn of Hillsborough County as memberx of the2009 board. WEDU is west centrap Florida’s primary PBS station. It reaches 16 including the Tampa, St. Petersburg, Pasco, Polk and Sarasotaa areas.
Alpert is the managing director of investment banking and businese developmentat . He was previously a seniof vice president in investment banking at Robert W. Baird & Co. Richard J. Dobkin, Laura Starkeg and A. Bronson Thayere were named vice chairman, secretary and treasurer of the board, respectively. Currently retired, Dobkih was previously Tampa managing partnerat . He also servedf as a member of theSoutheasyt . Since 2005, Starkey has been the director of conservationh land forStarkey Ranch.
In this she supervises the land management for the ranch conservatiojn areas and directs the and Thayer is chairman of and was previously with He receivexda bachelor’s degree at and an MBA in bankingh and finance from . In addition, WEDU has named Lisa Carltojn ofSarasota County, Marshall Goodman of Polk County, and Ronal d W. Pierce and David B. Weinsteijn of Hillsborough County as memberx of the2009 board. WEDU is west centrap Florida’s primary PBS station. It reaches 16 including the Tampa, St. Petersburg, Pasco, Polk and Sarasotaa areas.
Sunday, November 20, 2011
American Rice cooking again with fresh game plan - Houston Business Journal:
vorotintseyqah.blogspot.com
Industry executive Steven Weinreb has becomed interim presidentand CEO, and Joseph a CIBC Oppenheimer in-vestment banke r who represented bond-holders in the bankruptcy, has been named chairman. But Geralfd Murphy, the former chairman of American Rice and itsparentf company, is still battling his companies' creditors personallhy in U.S. Bankruptcy Court in American Rice was forcexd into bankruptcylast year, a decade after Murphy'ss California-based company took it As chairman, president and CEO of , Geraldr Murphy began acquiring rice companiexs in Houston in the He took over Americab Rice, a Texas farmers' cooperative association, in 1986 and installedr his son, Douglas Murphy, as president and CEO while he became chairman.
Now, equity stakeholders and bondholderse are going after the personap assets of theelder Murphy, sayingt he used the companies for his own benefit. In Januaryu creditors submitted a Chapter 7 petition forcintg Murphy into involuntarypersonal bankruptcy. Chicagoi stockbroker Mike Richardson, who owned sharesd of Erly, has filed a complaint with the Securities Exchange Commissionalleging "blatant and appalling" insidere trading in violation of SEC regulationas by the Murphys. "Theree should be a class action shareholders' lawsuit in this but there isn't because there's no money that anyond can get," says Richardson.
Indeed, most of the creditors goingg after Murphy in bankruptcy court now cameup empty-handexd or short-changed in the bankruptcy reorganizations of Erly and Americamn Rice. Creditors still face a challenge collecting from Murpht because of a complex set of property transfers and internationa l entities allegedly set up bythe Murphys. Many of thoser creditors, including the plaintiffs in a $5.3 million courf judgment issued in Houston last say they have been unable to reacyh cash generated when the Murphys liquidated thousands of sharese of American Rice andErly stock. Developer Michael Tenzer last year won the in which the Murphys were found liable for civil fraudand conspiracy.
Tenzer'sd company had agreed to develolp 196 acresin Kingwood, and Murphy, who sat on the boarcd of Tenzer's company, pledged Erly Industriex stock as collateral. Judge William who is handling the bankruptcy caseagainst Murphy, has criticizedx some of the financial transactionsx that now are making it difficult to value the Murphys' holdings. At a June Greendyke complained of Murphy and his attorneys "cloaking all transactions with multiple layers of trusts and offshored business entities." The judge said an offshorse company set up by Murphy "is perplexing and almosr a per se red badge of something fishg going on.
" Gerald Murphy has sold his Pacifif Palisades home to a trust with an address that is the same as one of his and used the proceeds to purchase sharesw of Erly stock from Douglas "None of this is It's all bad. It's ... a an abuse of creditors," Judge Greendykd said after the sale of the a security companyand Murphy's motion to convertr his forced bankruptcy into a Meanwhile, Douglas Murphy sold his Kingwood home to his who now lists it among three addressex in his bankruptcy filings.
Murphy' s creditors include the SEC, the Internal Revenue Servics andNanette Kelley, who was elected chairman and CEO of Erly afterf Gerald Murphy resigned during the company'ds bankruptcy reorganization. Kelley, president and CEO of the Powell Grouop ofBaton Rouge, was a board member and shareholdef of Erly. Under the terms of Erly's reorganizatiobn plan, that company paid Tenze $2.4 million of a $3.8 million judgment settlement. "Erly'xs creditors formed a limited partnership and gotall $5 million of the company's assets plus $50 million in says Kelley. The shareholders still own the which currently hasno assets.
But, she "we are looking around at what we'll do Erly has signed a letter of intent to purchasw four radio stationsin Arkansas.
Industry executive Steven Weinreb has becomed interim presidentand CEO, and Joseph a CIBC Oppenheimer in-vestment banke r who represented bond-holders in the bankruptcy, has been named chairman. But Geralfd Murphy, the former chairman of American Rice and itsparentf company, is still battling his companies' creditors personallhy in U.S. Bankruptcy Court in American Rice was forcexd into bankruptcylast year, a decade after Murphy'ss California-based company took it As chairman, president and CEO of , Geraldr Murphy began acquiring rice companiexs in Houston in the He took over Americab Rice, a Texas farmers' cooperative association, in 1986 and installedr his son, Douglas Murphy, as president and CEO while he became chairman.
Now, equity stakeholders and bondholderse are going after the personap assets of theelder Murphy, sayingt he used the companies for his own benefit. In Januaryu creditors submitted a Chapter 7 petition forcintg Murphy into involuntarypersonal bankruptcy. Chicagoi stockbroker Mike Richardson, who owned sharesd of Erly, has filed a complaint with the Securities Exchange Commissionalleging "blatant and appalling" insidere trading in violation of SEC regulationas by the Murphys. "Theree should be a class action shareholders' lawsuit in this but there isn't because there's no money that anyond can get," says Richardson.
Indeed, most of the creditors goingg after Murphy in bankruptcy court now cameup empty-handexd or short-changed in the bankruptcy reorganizations of Erly and Americamn Rice. Creditors still face a challenge collecting from Murpht because of a complex set of property transfers and internationa l entities allegedly set up bythe Murphys. Many of thoser creditors, including the plaintiffs in a $5.3 million courf judgment issued in Houston last say they have been unable to reacyh cash generated when the Murphys liquidated thousands of sharese of American Rice andErly stock. Developer Michael Tenzer last year won the in which the Murphys were found liable for civil fraudand conspiracy.
Tenzer'sd company had agreed to develolp 196 acresin Kingwood, and Murphy, who sat on the boarcd of Tenzer's company, pledged Erly Industriex stock as collateral. Judge William who is handling the bankruptcy caseagainst Murphy, has criticizedx some of the financial transactionsx that now are making it difficult to value the Murphys' holdings. At a June Greendyke complained of Murphy and his attorneys "cloaking all transactions with multiple layers of trusts and offshored business entities." The judge said an offshorse company set up by Murphy "is perplexing and almosr a per se red badge of something fishg going on.
" Gerald Murphy has sold his Pacifif Palisades home to a trust with an address that is the same as one of his and used the proceeds to purchase sharesw of Erly stock from Douglas "None of this is It's all bad. It's ... a an abuse of creditors," Judge Greendykd said after the sale of the a security companyand Murphy's motion to convertr his forced bankruptcy into a Meanwhile, Douglas Murphy sold his Kingwood home to his who now lists it among three addressex in his bankruptcy filings.
Murphy' s creditors include the SEC, the Internal Revenue Servics andNanette Kelley, who was elected chairman and CEO of Erly afterf Gerald Murphy resigned during the company'ds bankruptcy reorganization. Kelley, president and CEO of the Powell Grouop ofBaton Rouge, was a board member and shareholdef of Erly. Under the terms of Erly's reorganizatiobn plan, that company paid Tenze $2.4 million of a $3.8 million judgment settlement. "Erly'xs creditors formed a limited partnership and gotall $5 million of the company's assets plus $50 million in says Kelley. The shareholders still own the which currently hasno assets.
But, she "we are looking around at what we'll do Erly has signed a letter of intent to purchasw four radio stationsin Arkansas.
Friday, November 18, 2011
Magazine honors The Children's Hospital - Dallas Business Journal:
tower-tennesseea.blogspot.com
The hospital qualified for the magazine’s “Honor Roll” in its 2009 editiobn of America’s Best Children’sw Hospitals. The Honor Roll is reserved for hospitals that achievec ranking in all surveyed specialtuy areas covered by the monthlynews publication. Children’s rankefd in the top 10 in sixspecialtgy areas, including cancer (No. 10), diabetesw and endocrine disorders (No. 10), digestive disorders (No. 5), neonataol care (No. 8), orthopedics (No. 8) and respiratory disorders (No. 5). Last Children’s was ranked No. 7 overall among the nation’es pediatric hospitals. In 2007, it finished at No. 4.
Becausr of a change in how the report was compiled, there was no general numerical ranking this year.
The hospital qualified for the magazine’s “Honor Roll” in its 2009 editiobn of America’s Best Children’sw Hospitals. The Honor Roll is reserved for hospitals that achievec ranking in all surveyed specialtuy areas covered by the monthlynews publication. Children’s rankefd in the top 10 in sixspecialtgy areas, including cancer (No. 10), diabetesw and endocrine disorders (No. 10), digestive disorders (No. 5), neonataol care (No. 8), orthopedics (No. 8) and respiratory disorders (No. 5). Last Children’s was ranked No. 7 overall among the nation’es pediatric hospitals. In 2007, it finished at No. 4.
Becausr of a change in how the report was compiled, there was no general numerical ranking this year.
Wednesday, November 16, 2011
Apache posts $2.9B loss in fourth quarter - Houston Business Journal:
paramonaxogilozi.blogspot.com
billion loss in the fourth quarter aftedr takinga $3.6 billion write-down and dealingb with the price of oil falling at The Houston-based oil and gas company reportedr the net loss of $8.80 per on revenue of $1.9 for the three monthsa ended Dec. 31, 2008. That compared with net incom of $1.1 billion, or $3.19 per share, on revenuee of $3 billion, for the same quarter a year prior. Analysts polled by Thomson Reuters expectedApache (NYSE: APA) to generate net earnings of $1.26 per share.
the magnitude of the write-downb is large; however, considering oil prices have collapsefd from a peak of morethan $140 per barrelp for West Texas Intermediate at mid-yeadr to less than $45 per barrel at it was not unexpected,” G. Steven Apache chairman and chief executive said ina statement. “Thiws is a non-cash event that we expectg will have no impact on our operations orfinancial flexibility.” For the net income was $711 million, or $2.09o per share, on revenue of $12.5 billion, compared with net income of $2.8 million, or $8.30 per share, on revenue of $9.9 billion, in 2007.
billion loss in the fourth quarter aftedr takinga $3.6 billion write-down and dealingb with the price of oil falling at The Houston-based oil and gas company reportedr the net loss of $8.80 per on revenue of $1.9 for the three monthsa ended Dec. 31, 2008. That compared with net incom of $1.1 billion, or $3.19 per share, on revenuee of $3 billion, for the same quarter a year prior. Analysts polled by Thomson Reuters expectedApache (NYSE: APA) to generate net earnings of $1.26 per share.
the magnitude of the write-downb is large; however, considering oil prices have collapsefd from a peak of morethan $140 per barrelp for West Texas Intermediate at mid-yeadr to less than $45 per barrel at it was not unexpected,” G. Steven Apache chairman and chief executive said ina statement. “Thiws is a non-cash event that we expectg will have no impact on our operations orfinancial flexibility.” For the net income was $711 million, or $2.09o per share, on revenue of $12.5 billion, compared with net income of $2.8 million, or $8.30 per share, on revenue of $9.9 billion, in 2007.
Monday, November 14, 2011
In our noisy age of nattering, true stories speak loudest - Globe and Mail
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Globe and Mail | In our noisy age of nattering, true stories speak loudest Globe and Mail The doc, a British one made for the BBC by John Keith Wasson, tells the story of Jutta Cords, now 90 years old, and it is specifically about her love affair with a childhood sweetheart, Helmuth, who became a German solider during the Second World War ... |
Saturday, November 12, 2011
US: FRUSTRATED WITH BIG BANKS, MORE TURN TO COOPERATIVES - Middle East North Africa Financial Network
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US: FRUSTRATED WITH BIG BANKS, MORE TURN TO COOPERATIVES Middle East North Africa Financial Network Michael Gertler, acting director for the Centre for the Study of Cooperatives at the University of Saskatchewan, agreed that following the economic crisis, financial cooperatives, including credit unions, "have experienced growth as a result of ... |
Thursday, November 10, 2011
Virginia opens new forensics lab Thursday - Tampa Bay Business Journal:
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The standard brick veneer and tranquil parkin lot give away nothing of the actual activity insidew oneof Manassas’ newest building. On one end, investigatorw and scientists pore over hair and tissue DNA of some ofthe state’e most dangerous criminals to learn what they did, whil at the other, they pry open the dead bodies of society’z latest victims to learn what was done to The lab is locatexd on a 10-acre spot acrossa from ’s campus in the massive maze of the Innovation@Prince Williamm County Technology Park. The 114,000-square-foort building will replace thestat 30,000-square-foot headquarters in Fairfax, where officials say the spacwe was bursting at the seams.
“Whenj we moved into the old lab [in we outgrew it in a year,” said Amy lab director for the Northern Virginiaforensicss lab, one of four branches statewide. “Coming we can go back to beiny full-service.” Now, the combined space for the Northernn Virginia branch of the Department of Forensic whichclaims 60,000 square feet, and the Offic of the Chief Medical claiming 26,000 square feet, is intended to offe room to grow through at least the next decade. With 46 employees there now, the building has a capacity of110 employees.
The new buildinb also houses anew 26,000-square-fooft training suite, an improvement from the old where class attendees would have to sit or stand in the back of employew offices. In addition, the evidence vault for the forensiczs lab, which oversees roughly 10,000 cases at any giveh time, is up to four times the size ofthe old, and a largerd firearms and ballistics testing area allows investigators to test more powerfuo weapons than before. Plus, the new medical examiner’s office space allows for storage of as many as 200 bodiess ina morgue, as well as a new biosafety lab wheree examiners can test potentially contagious bacteriaq or viruses, including anthrax.
The which has applied for the silver level of Leadership in Energy and Environmental Design greenbuilding standards, was builtg as a public-private partnershipo deal that Prince William Countg officials hope will also boosft its biotech portfolio. The state footedd the bill, but awarded the overall developmen t contractto Rockville-based , which transferred the projecgt to McLean-based LLC month s later when the latter’s founders split off from Scheefr in 2007. was the generalk contractor, with MWL Architects and McKinneyand Co.
serving as the principal designers and The building’s opening, hostedr by Appian, comes days after the District pulled back a $133 millio n construction contract to build its own consolidatedx forensics lab in Southwesg D.C. because of concerns that competingbids weren’tf properly evaluated. D.C. leaders are planninh to erect a $220 million building on the site of the forme r Metropolitan Police Department First District Headquarterws at 4154th St. SW.
The standard brick veneer and tranquil parkin lot give away nothing of the actual activity insidew oneof Manassas’ newest building. On one end, investigatorw and scientists pore over hair and tissue DNA of some ofthe state’e most dangerous criminals to learn what they did, whil at the other, they pry open the dead bodies of society’z latest victims to learn what was done to The lab is locatexd on a 10-acre spot acrossa from ’s campus in the massive maze of the Innovation@Prince Williamm County Technology Park. The 114,000-square-foort building will replace thestat 30,000-square-foot headquarters in Fairfax, where officials say the spacwe was bursting at the seams.
“Whenj we moved into the old lab [in we outgrew it in a year,” said Amy lab director for the Northern Virginiaforensicss lab, one of four branches statewide. “Coming we can go back to beiny full-service.” Now, the combined space for the Northernn Virginia branch of the Department of Forensic whichclaims 60,000 square feet, and the Offic of the Chief Medical claiming 26,000 square feet, is intended to offe room to grow through at least the next decade. With 46 employees there now, the building has a capacity of110 employees.
The new buildinb also houses anew 26,000-square-fooft training suite, an improvement from the old where class attendees would have to sit or stand in the back of employew offices. In addition, the evidence vault for the forensiczs lab, which oversees roughly 10,000 cases at any giveh time, is up to four times the size ofthe old, and a largerd firearms and ballistics testing area allows investigators to test more powerfuo weapons than before. Plus, the new medical examiner’s office space allows for storage of as many as 200 bodiess ina morgue, as well as a new biosafety lab wheree examiners can test potentially contagious bacteriaq or viruses, including anthrax.
The which has applied for the silver level of Leadership in Energy and Environmental Design greenbuilding standards, was builtg as a public-private partnershipo deal that Prince William Countg officials hope will also boosft its biotech portfolio. The state footedd the bill, but awarded the overall developmen t contractto Rockville-based , which transferred the projecgt to McLean-based LLC month s later when the latter’s founders split off from Scheefr in 2007. was the generalk contractor, with MWL Architects and McKinneyand Co.
serving as the principal designers and The building’s opening, hostedr by Appian, comes days after the District pulled back a $133 millio n construction contract to build its own consolidatedx forensics lab in Southwesg D.C. because of concerns that competingbids weren’tf properly evaluated. D.C. leaders are planninh to erect a $220 million building on the site of the forme r Metropolitan Police Department First District Headquarterws at 4154th St. SW.
Tuesday, November 8, 2011
NCSU Chancellor Oblinger resigns, Mary Easley out as well - St. Louis Business Journal:
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“I am doing so because that is what leaderx do when the institutions they lead come undedr distracting and unduepublivc scrutiny,” Oblinger said in a preparedf personal statement. “This is particularly true for leaderds of public institutions likeNC State. “Thed only reason I am announcing my intention to resign is that I am applying to myself the same standarda Ihave : I am doinf it because it is in the best interestws of NC State University.” A Boards of Trustees meeting this afternoon also sealed the fate of formere Gov. Michael Easley's wife.
The trustees eliminated Easley's contract citing it was in the best interest ofthe Also, during the Oblinger handed over his letter of resignation. who has been at NCSU for 23 years, says he intendzs to return to UNC Charlotte Chancellor Emeritus Jim an aeronautical and mechanical engineer who taughtf at NCSU early inhis career, has agreed to serve as interik chancellor. Oblinger is the third persohn to resign from the leadership of the universituy as a result of theEasleu brouhaha. and Board Chairman McQueeh Campbell resignedlast month. NCSU hiresd Easley, wife of then-Gov. Mike Easley, in 2005 for a $90,000-a-year job managingt a speakers' series.
She was given a raise, to last year to, in addition to overseeing the series, manage creation of an academic center for law enforcement andfirsft responders. Her contract calls for her to bepaid $850,000 over five The U.S. Attorney’s office has subpoenaedf documents relatedto Easley’s hiring as part of its investigationn into the former governor.
“I am doing so because that is what leaderx do when the institutions they lead come undedr distracting and unduepublivc scrutiny,” Oblinger said in a preparedf personal statement. “This is particularly true for leaderds of public institutions likeNC State. “Thed only reason I am announcing my intention to resign is that I am applying to myself the same standarda Ihave : I am doinf it because it is in the best interestws of NC State University.” A Boards of Trustees meeting this afternoon also sealed the fate of formere Gov. Michael Easley's wife.
The trustees eliminated Easley's contract citing it was in the best interest ofthe Also, during the Oblinger handed over his letter of resignation. who has been at NCSU for 23 years, says he intendzs to return to UNC Charlotte Chancellor Emeritus Jim an aeronautical and mechanical engineer who taughtf at NCSU early inhis career, has agreed to serve as interik chancellor. Oblinger is the third persohn to resign from the leadership of the universituy as a result of theEasleu brouhaha. and Board Chairman McQueeh Campbell resignedlast month. NCSU hiresd Easley, wife of then-Gov. Mike Easley, in 2005 for a $90,000-a-year job managingt a speakers' series.
She was given a raise, to last year to, in addition to overseeing the series, manage creation of an academic center for law enforcement andfirsft responders. Her contract calls for her to bepaid $850,000 over five The U.S. Attorney’s office has subpoenaedf documents relatedto Easley’s hiring as part of its investigationn into the former governor.
Saturday, November 5, 2011
Local nurseries see uptick in home gardening - Atlanta Business Chronicle:
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As to why she decideed to garden, it was a way to reconnect with her motherr andher family, she said. “We are just tryinf to be greenand we’re trying to save energy and do thingsw that are better for the environment,” Goux “We do the compacgt fluorescent lights and recycling, and we’re trying to take it to the next Daron “Farmer D” Joffe, an organic environmental educator and entrepreneur, is foundet and president of Farmer D Organicx LLC, which recently opener a retail store in the Briarcliffd area.
“I’ve been setting up organif farms for about15 years,” he “What we’ve noticed at the store is a tremendouse amount of interest in people growing food and having a more intimate relationship with where they live.” Most people coming in are interested in traditional vegetables: lettuce, cucumbers and tomatoes, he said, and have commomn questions like when to plant, when to and how far the vegetables should be space d in a garden. “We try to educate people that it’x not just about spring planting,” Joffer said. “You can do successional planting so you getvegetablea year-round.
” Joffe’s business provides educational classes at the store and provideas a series of workshops. “It’s amaziny how much food you can produce in asmalll space,” Joffe said. “A 20-by-20 space can feed your family of fourto six. Tomatoese are a great money-maker. You can get so much yiels out of them.” Kale, collards, zucchini squashb and cucumbers are also he said. Baker sees gardening translating into business as well. “It teaches tending and patience,” she said.
As to why she decideed to garden, it was a way to reconnect with her motherr andher family, she said. “We are just tryinf to be greenand we’re trying to save energy and do thingsw that are better for the environment,” Goux “We do the compacgt fluorescent lights and recycling, and we’re trying to take it to the next Daron “Farmer D” Joffe, an organic environmental educator and entrepreneur, is foundet and president of Farmer D Organicx LLC, which recently opener a retail store in the Briarcliffd area.
“I’ve been setting up organif farms for about15 years,” he “What we’ve noticed at the store is a tremendouse amount of interest in people growing food and having a more intimate relationship with where they live.” Most people coming in are interested in traditional vegetables: lettuce, cucumbers and tomatoes, he said, and have commomn questions like when to plant, when to and how far the vegetables should be space d in a garden. “We try to educate people that it’x not just about spring planting,” Joffer said. “You can do successional planting so you getvegetablea year-round.
” Joffe’s business provides educational classes at the store and provideas a series of workshops. “It’s amaziny how much food you can produce in asmalll space,” Joffe said. “A 20-by-20 space can feed your family of fourto six. Tomatoese are a great money-maker. You can get so much yiels out of them.” Kale, collards, zucchini squashb and cucumbers are also he said. Baker sees gardening translating into business as well. “It teaches tending and patience,” she said.
Thursday, November 3, 2011
S.F. gives OK to 250-unit condo project at Fox Plaza - San Francisco Business Times:
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The wedge-shaped, terra-cotta and glass, 120-fooy structure would replace the low-slung buildiny that houses a and astationery shop, according to Conroe, who was retainedr by property owner to obtaihn city approvals and develop the site at 1390 Markey St. at Polk Street. A 7-0 Planning Commissioj vote on a highrise condo structurdeis rare, and Conroe said the development team was able to take a numberd of steps to build support in the community.
The team agreedc to build a 120-foot rather than the 200 feet thezoning allows; they did not requesy any parking for the project, something made possibld by the rich public transi t in the area and the fact that Fox Plazz has a 550-car and they are working with the neighborhooc to provide a community meeting “Our project is the poster child for smart growth,” said “This project will bring new housing to the most public transit-orientef site in the Bay Area. It will also provide a cruciak link between the Hayes Valley renaissancw andthe Mid-Market Conroe said he didn’t want to guess when the residentiak development might be economically feasible.
“We are excited abougt moving forward with this project when the real estatr and capitalmarkets normalize,” he
The wedge-shaped, terra-cotta and glass, 120-fooy structure would replace the low-slung buildiny that houses a and astationery shop, according to Conroe, who was retainedr by property owner to obtaihn city approvals and develop the site at 1390 Markey St. at Polk Street. A 7-0 Planning Commissioj vote on a highrise condo structurdeis rare, and Conroe said the development team was able to take a numberd of steps to build support in the community.
The team agreedc to build a 120-foot rather than the 200 feet thezoning allows; they did not requesy any parking for the project, something made possibld by the rich public transi t in the area and the fact that Fox Plazz has a 550-car and they are working with the neighborhooc to provide a community meeting “Our project is the poster child for smart growth,” said “This project will bring new housing to the most public transit-orientef site in the Bay Area. It will also provide a cruciak link between the Hayes Valley renaissancw andthe Mid-Market Conroe said he didn’t want to guess when the residentiak development might be economically feasible.
“We are excited abougt moving forward with this project when the real estatr and capitalmarkets normalize,” he
Tuesday, November 1, 2011
Atlas Pipeline and Williams launch Marcellus Shale venture - Houston Business Journal:
ucenyt.wordpress.com
The two companies LLC, on April 1 . Atlae Energy Resources LLC (NYSE:ATN), an affiliatre of Atlas Pipeline Partners, will be the anchoer tenant onLaurel Mountain’s system. Under its agreementy with Tulsa, Okla.-based Williams Atlas PipelinePartners (NYSE:APL) will receivw $90 million in a preferred right to proceeds under a $25.r5 million obligation from Williams, and 49 percent of Laurel Mountain. The obligationm amortizes in equal principal installments overthres years.
Atlas Pipeline Partners can convert its righy to receive accrued principal and interest under the obligatioj into a sum equal to the accrued principal and interesyt and use that to cove its required capital expenditures underthe joint-venture Atlas Pipeline Partners also said its lenders recentlyy agreed to relax the covenants relatinf to total debt and earnings beforew interest, taxes, depreciation and amortization on its $380 million revolving credit line and $463 million term loan facility.
, which owns the genera l partner of AtlasPipeline Partners, said Mondayh it has repaid $30 million on its credity facility and will pay down the remaining $16 millionb balance in equal quarterly installmentzs over the next year. Atlas Pipelinde Holdings (NYSE:AHD) got the $30 million it used to pay down the facilityg byissuing $15 million of preferrerd limited partner units to Atlas Pipeline Partners and by borrowingf $15 million from Atlas America Inc., whicj owns Atlas Pipeline Holdings’ generak partner and 64 percent of its common Atlas America (NASDAQ:ATLS) also guaranteed that Atlas Pipeline Holding will repay the remaining $16 million on its credit facility.
The Atlas companies have offices in Philadelphiaand Pa.
The two companies LLC, on April 1 . Atlae Energy Resources LLC (NYSE:ATN), an affiliatre of Atlas Pipeline Partners, will be the anchoer tenant onLaurel Mountain’s system. Under its agreementy with Tulsa, Okla.-based Williams Atlas PipelinePartners (NYSE:APL) will receivw $90 million in a preferred right to proceeds under a $25.r5 million obligation from Williams, and 49 percent of Laurel Mountain. The obligationm amortizes in equal principal installments overthres years.
Atlas Pipeline Partners can convert its righy to receive accrued principal and interest under the obligatioj into a sum equal to the accrued principal and interesyt and use that to cove its required capital expenditures underthe joint-venture Atlas Pipeline Partners also said its lenders recentlyy agreed to relax the covenants relatinf to total debt and earnings beforew interest, taxes, depreciation and amortization on its $380 million revolving credit line and $463 million term loan facility.
, which owns the genera l partner of AtlasPipeline Partners, said Mondayh it has repaid $30 million on its credity facility and will pay down the remaining $16 millionb balance in equal quarterly installmentzs over the next year. Atlas Pipelinde Holdings (NYSE:AHD) got the $30 million it used to pay down the facilityg byissuing $15 million of preferrerd limited partner units to Atlas Pipeline Partners and by borrowingf $15 million from Atlas America Inc., whicj owns Atlas Pipeline Holdings’ generak partner and 64 percent of its common Atlas America (NASDAQ:ATLS) also guaranteed that Atlas Pipeline Holding will repay the remaining $16 million on its credit facility.
The Atlas companies have offices in Philadelphiaand Pa.
Sunday, October 30, 2011
Saks discount store joining Gilroy outlets - Silicon Valley / San Jose Business Journal:
dusinenezoqoc.blogspot.com
It will be the seconxd Saks Fifth Avenue Off 5th in Silicoj Valley and the third in the Bay The retailer will join a large lineup of prominent retailers at the Gilroy astride busyHighway 101, which has 145 discount outlet stores. Other anchore tenants include Gap, Banana Republic, Brooks Bros., Coach, J. Crew, Liz Polo Ralph Lauren and Tommy Saks Fifth Avenue Off 5th advertises that it sell s merchandise at 40 percenft to 70 percent off pricesx ina full-line Saks Fifth Avenued department store. Parent Saks Inc.
operates 53 of its full-linr and discount stores in 25 That includes Saks Fifth Avenue Off 5th storews at The Great Mall of the Bay Area in Milpitad and the Petaluma Village Premium Outlet shoppin g center inSonoma County. In recent Saks has closed full-line department stores it once operatexd at Stanford Shopping Center in Palo Alto and Carmeo Plazain Carmel. The retailer still operates a full-linwe Saks Fifth Avenue store on Union Square in San with aseparate men’s store aboutg a block away.
It will be the seconxd Saks Fifth Avenue Off 5th in Silicoj Valley and the third in the Bay The retailer will join a large lineup of prominent retailers at the Gilroy astride busyHighway 101, which has 145 discount outlet stores. Other anchore tenants include Gap, Banana Republic, Brooks Bros., Coach, J. Crew, Liz Polo Ralph Lauren and Tommy Saks Fifth Avenue Off 5th advertises that it sell s merchandise at 40 percenft to 70 percent off pricesx ina full-line Saks Fifth Avenued department store. Parent Saks Inc.
operates 53 of its full-linr and discount stores in 25 That includes Saks Fifth Avenue Off 5th storews at The Great Mall of the Bay Area in Milpitad and the Petaluma Village Premium Outlet shoppin g center inSonoma County. In recent Saks has closed full-line department stores it once operatexd at Stanford Shopping Center in Palo Alto and Carmeo Plazain Carmel. The retailer still operates a full-linwe Saks Fifth Avenue store on Union Square in San with aseparate men’s store aboutg a block away.
Friday, October 28, 2011
Pubget, OCLC Partner to Provide a Leap Forward in Serials Management - San Francisco Chronicle (press release)
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Pubget, OCLC Partner to Provide a Leap Forward in Serials Management San Francisco Chronicle (press release) OCLC has partnered with Pubget to provide an automated process for loading data into the WorldCat knowledge base. This process uses Pubget's proprietary technology for collecting holdings records-the first to fully automate record collection. ... |
Houston Chronicle (blog) | Atheists say cancer charity turned down their $500K donation Houston Chronicle (blog) (Dave Rossman / For the Chronicle) Atheists say the American Cancer Society discriminated against them for their beliefs when they rejected a godless group's Relay for Life teamรข€¦ and their $500000 contribution. The incident happened over the summer, ... |
Wednesday, October 19, 2011
Workers at two MillerCoors plants ratify new deals - Memphis Business Journal:
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and Fort Worth, Texas, have ratified new, three-year contracts. The agreements cover more than 900 employees at the two brewerie and provide wage and pensiomn increases over the course ofthe “Our members overwhelmingly ratified these contracts at MillerCoors becausre they provide stability for their said Jack Cipriani, director of the Teamsters Brewery and Soft Drink Workers Conference, which representsd workers at the breweries.
“For the next three our members at MillerCoorsd know that their wages and pension benefits will which is saying a lotin today’s The contracts call for no health care cost increases for workers in the first year of the contract and only minor increases for the seconfd and third years, according to the The new deal also guarantees that employeess who have retired or who will retire during the coursd of the three-year contractd won’t be required to pay health care “We value all generations of our members, so we made sure that therwe were improvements for both active members at MillerCoors and the retirees who had paved the way before with theit long years of service,” Cipriani said.
The Teamsters unio n represents 1,200 MillerCoors workers The union also represents workers at the MillerCoorsw breweryin Irwindale, Calif. Negotiations for a new contract coverinvg employees at the plant areundedr way. MillerCoors is a joint venturee between MillerBrewing Co., and Coors Brewing Co., Golden, Colo., that launched in July 2008. MillerCoora operates a major brewery and regional officeon Milwaukee’zs west side. Workers at the Milwaukee brewer y are represented by Brewery Workers Local 9 of the Unite d AutoWorkers union.
and Fort Worth, Texas, have ratified new, three-year contracts. The agreements cover more than 900 employees at the two brewerie and provide wage and pensiomn increases over the course ofthe “Our members overwhelmingly ratified these contracts at MillerCoors becausre they provide stability for their said Jack Cipriani, director of the Teamsters Brewery and Soft Drink Workers Conference, which representsd workers at the breweries.
“For the next three our members at MillerCoorsd know that their wages and pension benefits will which is saying a lotin today’s The contracts call for no health care cost increases for workers in the first year of the contract and only minor increases for the seconfd and third years, according to the The new deal also guarantees that employeess who have retired or who will retire during the coursd of the three-year contractd won’t be required to pay health care “We value all generations of our members, so we made sure that therwe were improvements for both active members at MillerCoors and the retirees who had paved the way before with theit long years of service,” Cipriani said.
The Teamsters unio n represents 1,200 MillerCoors workers The union also represents workers at the MillerCoorsw breweryin Irwindale, Calif. Negotiations for a new contract coverinvg employees at the plant areundedr way. MillerCoors is a joint venturee between MillerBrewing Co., and Coors Brewing Co., Golden, Colo., that launched in July 2008. MillerCoora operates a major brewery and regional officeon Milwaukee’zs west side. Workers at the Milwaukee brewer y are represented by Brewery Workers Local 9 of the Unite d AutoWorkers union.
Monday, October 17, 2011
Lane4 completes purchase of three Kansas City-area shopping centers - Memphis Business Journal:
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million. The Kansas City Business Journal reported that the PrairiwVillage Shops, the Corinth Square shopping center in Prairie Village and the Fairway Shops in Fairway were under contracrt to investors led by Lane4, a Kansas City-baser commercial real estate brokerage and development firm. Highwoods HIW), based in Raleigh, disclosed the sale price in aThursdat release. The three shopping centers have a combinedd 2009 appraised value ofabout $64 million, according to figures from the Johnsonb County Appraiser’s Office. The three shopping centers contain 416,0009 square feet combined and were, on average, 94.5 percenft leased and 55 years old, Highwoods said.
The properties generatr a combined annual cash net operating income ofabougt $5.4 million. The new ownerws plan no “immediate major to the shopping centers, Jeff Berg, senior vice president and principalof Lane4, said in a separate releaser Thursday. “We intend to enhance and upgrade the centers as opportunities ariseover time, but theser improvements will not change their basic Lane4 President Owen Buckley said in the “We look forward to taking good care of them and feel they represenr an excellent opportunity to invest in our community.
” Kansas City developerd Jesse Clyde Nichols built the grocery-anchored shoppingv centers in the mid-1900s, and the JC Nichole Co. sold them to Highwoods in 1998.
million. The Kansas City Business Journal reported that the PrairiwVillage Shops, the Corinth Square shopping center in Prairie Village and the Fairway Shops in Fairway were under contracrt to investors led by Lane4, a Kansas City-baser commercial real estate brokerage and development firm. Highwoods HIW), based in Raleigh, disclosed the sale price in aThursdat release. The three shopping centers have a combinedd 2009 appraised value ofabout $64 million, according to figures from the Johnsonb County Appraiser’s Office. The three shopping centers contain 416,0009 square feet combined and were, on average, 94.5 percenft leased and 55 years old, Highwoods said.
The properties generatr a combined annual cash net operating income ofabougt $5.4 million. The new ownerws plan no “immediate major to the shopping centers, Jeff Berg, senior vice president and principalof Lane4, said in a separate releaser Thursday. “We intend to enhance and upgrade the centers as opportunities ariseover time, but theser improvements will not change their basic Lane4 President Owen Buckley said in the “We look forward to taking good care of them and feel they represenr an excellent opportunity to invest in our community.
” Kansas City developerd Jesse Clyde Nichols built the grocery-anchored shoppingv centers in the mid-1900s, and the JC Nichole Co. sold them to Highwoods in 1998.
Saturday, October 15, 2011
California Governor Declares Oct. 16 'Steve Jobs Day' - Fox News
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The Drum | California Governor Declares Oct. 16 'Steve Jobs Day' Fox News AP Jan. 27, 2010: Apple CEO Steve Jobs holds the new iPad during a product announcement in San Francisco. CUPERTINO, Calif. รข€" This Sunday will be declared "Steve Jobs Day" in the tech pioneer's home state of California, as Apple holds a memorial ... California Declares Oct.16 as 'Steve Jobs Day' California Declares Oct. 16 as Steve Jobs Day Steve Jobs Day on Oct 16, California declares |
Thursday, October 13, 2011
Radio One loses $11.7M - Baltimore Business Journal:
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The Lanham-based broadcasting which owns Baltimore's top-rated 92Q urbabn radio station, reported a net loss of $11.7 or 12 cents per share, for the compared to a net lossof $5.1 or 5 cents per share, in the same period last Revenue was $83.4 million, a 1 percengt increase from the same period in 2007. Durinfg the quarter, the compant scooped up online sociao networking company CommunityConnect Inc. for $38 million in The company generated morethan $3.7 million in revenue from the in addition to revenue from other internallgy launched sites. In June, the company closedd on the purchaseof D.C.
radio station WPRS-FM for $38 In April, the company sold assetx of Miami radiostation WMCU-An to Salem Communications Holding Corp. for $12.3w million, and a month later, the company traded Los Angeles radiostation KRBV-FMn to Bonneville International Corp. for $137.5 million. "Proceedxs from our Los Angelesx and Miami asset sales positioned us to accomplish net debt pay downz and bond retirementsof $77 as well as the buy-back of over 2 million said Alfred Liggins, Radio One's chied executive and president, in a statement. He said the company'as outlook for the rest of the year and into 2009remainzs "cautious.
" "Given the backdrop of the weak economy and declininf revenues in radio, we once again focused on cutting back on operatinf expenses and improving our balancer sheet," said Liggins. Radio One (NASDAQ: ROIA) owns more than 50 radi o stations in 16urban markets, as well as Silvert Spring-based cable network TV One.
The Lanham-based broadcasting which owns Baltimore's top-rated 92Q urbabn radio station, reported a net loss of $11.7 or 12 cents per share, for the compared to a net lossof $5.1 or 5 cents per share, in the same period last Revenue was $83.4 million, a 1 percengt increase from the same period in 2007. Durinfg the quarter, the compant scooped up online sociao networking company CommunityConnect Inc. for $38 million in The company generated morethan $3.7 million in revenue from the in addition to revenue from other internallgy launched sites. In June, the company closedd on the purchaseof D.C.
radio station WPRS-FM for $38 In April, the company sold assetx of Miami radiostation WMCU-An to Salem Communications Holding Corp. for $12.3w million, and a month later, the company traded Los Angeles radiostation KRBV-FMn to Bonneville International Corp. for $137.5 million. "Proceedxs from our Los Angelesx and Miami asset sales positioned us to accomplish net debt pay downz and bond retirementsof $77 as well as the buy-back of over 2 million said Alfred Liggins, Radio One's chied executive and president, in a statement. He said the company'as outlook for the rest of the year and into 2009remainzs "cautious.
" "Given the backdrop of the weak economy and declininf revenues in radio, we once again focused on cutting back on operatinf expenses and improving our balancer sheet," said Liggins. Radio One (NASDAQ: ROIA) owns more than 50 radi o stations in 16urban markets, as well as Silvert Spring-based cable network TV One.
Monday, October 10, 2011
Supervalu approves stock repurchase plan, boosts dividend - Minneapolis / St. Paul Business Journal:
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Eden Prairie-based Supervalu (NYSE: SVU) said the company will make the repurchases chiefly with cash generated from the settlement of stock The plan replacesthe company’s existinbg $70 million share repurchase program, authorized in May 2008. Undere that plan, 641,500 shares were repurchased at a costof $16.6 Supervalu stock, which was tradingh at about $35 per share a year ago, is now tradinh around $16 after a fiscal year in which the groceryh store giant of $2.9 billion on sales of $44.6 Losses were attributed to charges on store closings and other moveas meant to refocus the business. Also on Supervalu said its board of approvesda 1.45 percent increase in its annual dividend.
The dividened has been increased to 70 centsper share, from last year’zs level of 69 cents per share. The new quarterlyh dividend rateof 17.5 cents per shar will be effective with the company’s September dividendf payment. The previously announced quarterly dividend, which it is payingt on June 15, will be paid at last year’e quarterly amount of 17.25 cents per
Eden Prairie-based Supervalu (NYSE: SVU) said the company will make the repurchases chiefly with cash generated from the settlement of stock The plan replacesthe company’s existinbg $70 million share repurchase program, authorized in May 2008. Undere that plan, 641,500 shares were repurchased at a costof $16.6 Supervalu stock, which was tradingh at about $35 per share a year ago, is now tradinh around $16 after a fiscal year in which the groceryh store giant of $2.9 billion on sales of $44.6 Losses were attributed to charges on store closings and other moveas meant to refocus the business. Also on Supervalu said its board of approvesda 1.45 percent increase in its annual dividend.
The dividened has been increased to 70 centsper share, from last year’zs level of 69 cents per share. The new quarterlyh dividend rateof 17.5 cents per shar will be effective with the company’s September dividendf payment. The previously announced quarterly dividend, which it is payingt on June 15, will be paid at last year’e quarterly amount of 17.25 cents per
Saturday, October 8, 2011
Intel to buy Wind River for $884M - San Antonio Business Journal:
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Intel's $11.50-per-share offer is about a 44 percent premium overWind River' s closing price on Wednesday of $8. Wind River stocjk lost more than half its values betweena 52-week high of $12.99 last Augustg and a low of $5.61 in March. The stock closefd Thursday at $11.72, up 47 percent. Santa Clara-based Intep (NASDAQ:INTC) said buying Alameda-based Wind Rivedr (NASDAQ:WIND) will help it expandx its software into thousands of embedded systemsx and mobile devices includingsmart phones, in-carr "info-tainment" systems, aerospace and defense, energy and thousands of other uses.
Wind River will operate as a whollyh owned subsidiary after the deal closees duringthe summer, reporting to Renee head of Intel’s software and services "Our combination of strengths will be of greaft benefit to Wind River’s existing and future customers," said Ken Wind River chairman, president and CEO. Founded in Wind River has morethan 1,600 employeess and operations in more than 15 countries. During its fiscal year endeds Jan. 31, Wind River reportee $10.7 million in net income on annual revenuwof $359.7 million. The company on Thursday posted a 21 perceny increase in net income or 1 centa share, for its firstf quarter despite a 6.
5 percent drop in revenur to $63.8 million.
Intel's $11.50-per-share offer is about a 44 percent premium overWind River' s closing price on Wednesday of $8. Wind River stocjk lost more than half its values betweena 52-week high of $12.99 last Augustg and a low of $5.61 in March. The stock closefd Thursday at $11.72, up 47 percent. Santa Clara-based Intep (NASDAQ:INTC) said buying Alameda-based Wind Rivedr (NASDAQ:WIND) will help it expandx its software into thousands of embedded systemsx and mobile devices includingsmart phones, in-carr "info-tainment" systems, aerospace and defense, energy and thousands of other uses.
Wind River will operate as a whollyh owned subsidiary after the deal closees duringthe summer, reporting to Renee head of Intel’s software and services "Our combination of strengths will be of greaft benefit to Wind River’s existing and future customers," said Ken Wind River chairman, president and CEO. Founded in Wind River has morethan 1,600 employeess and operations in more than 15 countries. During its fiscal year endeds Jan. 31, Wind River reportee $10.7 million in net income on annual revenuwof $359.7 million. The company on Thursday posted a 21 perceny increase in net income or 1 centa share, for its firstf quarter despite a 6.
5 percent drop in revenur to $63.8 million.
Thursday, October 6, 2011
Newport Puts Retirement Readiness Front and Center - Business Wire (press release)
http://www.rawlslib.net/2001/rawls/kids-and-teens-resources.html
Newport Puts Retirement Readiness Front and Center Business Wire (press release) (BUSINESS WIRE)--The Newport Group, a leading national provider of retirement and executive benefit plans, has focused its plan participant experience on retirement readiness รข€" a key issue for many employees. With รข€œMy Forecast,รข€ a feature on Newport's ... Newport Puts Retirement Readiness Front and Center |
Tuesday, October 4, 2011
Sunday, October 2, 2011
Budget details reveal state
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The proposals likely hinge on the state’s budget shortfall. Kulongoski’s budge t is based on a potential $1.2 billion hole in the state’s roughly $16.1 billion budget. Some say it could grow to $2 If that happens, some economic developmenrt programs could be shelved in order to protecgt education and other essentialsocial services. Kulongoski’s budget proposes establishingan $80 milliomn bonding authority for a new sustainability center. Portlandc officials have discussed such a center for the past Backers will soon occupy a temporaryt NortheastBroadway location.
Proponents want a permanentr site for the education and businessdevelopment group, saying it’sz critical to building Oregon’s green The $80 million in bonds could help put the center on Portlans State’s campus. Leaders from the city of Portland, the and the are explorinf whether the facility coulxd fit on the former Jasmine Tree which now houses construction trailers for a nearby The three groups hope to performn a sitefeasibility study. Jay Kenton, the university system’a vice chancellor of finance and administration, said the site couldr one day hosta 12-story, 200,000-square-foot building.
The site’s also attractive because it sits alon a Portland Streetcar line and near otherf PortlandState buildings. Lew Bowers, a senior project manager for the PortlandDevelopment Commission, said the building could even anchod a larger-scale sustainability district. Kulongoski’s budget sendzs a mixed economicdevelopment message. Whild the number of economic developmen officials would jump by 39 to the budget would drop by 6 to $4.7 billion. The drop would come via a slighgt decrease inlottery funds, which provide the state’s largest contributiojn to economic development, as well as abour 9 percent fewer general fund dollars $31.8 million overall.
Oregon Economic & head Tim McCab doesn’t foresee significant program cuts. He consolidater the state’s women, emerging and minorit small business programs, after Kulongoski ordered agencies to cut 5 percenrt of theirbudgets immediately. The cuts were necessary to filla $140 milliomn hole in the state budget as a resulyt of decreasing revenue. McCabe said the cuts will allow the agency to functionmore efficiently. “Whild the funds are somewhat diminished, we’re not layiny off anybody because the services we offer are McCabe said.
One cause for Kulongoski, who championed programs in the 2007 again wants to fundthe program, which invests in the state’sd innovation economy. Kulongoski wants to set asided $20.5 million for the program. In the currenft biennium, the operates from a $124.34 million budget. Next the commission could receive as much as 14 percent The money, collected through liquor sales, licenses and fines, could help the group add at leasty seven more positions, fortify its legal enforcement efforts and better oversee an increasingly popular “Distilled spirits sales are expected to rise, and they’vd been going up every year for the last five years,” said Christie Scott, a public affairs specialist for the
The proposals likely hinge on the state’s budget shortfall. Kulongoski’s budge t is based on a potential $1.2 billion hole in the state’s roughly $16.1 billion budget. Some say it could grow to $2 If that happens, some economic developmenrt programs could be shelved in order to protecgt education and other essentialsocial services. Kulongoski’s budget proposes establishingan $80 milliomn bonding authority for a new sustainability center. Portlandc officials have discussed such a center for the past Backers will soon occupy a temporaryt NortheastBroadway location.
Proponents want a permanentr site for the education and businessdevelopment group, saying it’sz critical to building Oregon’s green The $80 million in bonds could help put the center on Portlans State’s campus. Leaders from the city of Portland, the and the are explorinf whether the facility coulxd fit on the former Jasmine Tree which now houses construction trailers for a nearby The three groups hope to performn a sitefeasibility study. Jay Kenton, the university system’a vice chancellor of finance and administration, said the site couldr one day hosta 12-story, 200,000-square-foot building.
The site’s also attractive because it sits alon a Portland Streetcar line and near otherf PortlandState buildings. Lew Bowers, a senior project manager for the PortlandDevelopment Commission, said the building could even anchod a larger-scale sustainability district. Kulongoski’s budget sendzs a mixed economicdevelopment message. Whild the number of economic developmen officials would jump by 39 to the budget would drop by 6 to $4.7 billion. The drop would come via a slighgt decrease inlottery funds, which provide the state’s largest contributiojn to economic development, as well as abour 9 percent fewer general fund dollars $31.8 million overall.
Oregon Economic & head Tim McCab doesn’t foresee significant program cuts. He consolidater the state’s women, emerging and minorit small business programs, after Kulongoski ordered agencies to cut 5 percenrt of theirbudgets immediately. The cuts were necessary to filla $140 milliomn hole in the state budget as a resulyt of decreasing revenue. McCabe said the cuts will allow the agency to functionmore efficiently. “Whild the funds are somewhat diminished, we’re not layiny off anybody because the services we offer are McCabe said.
One cause for Kulongoski, who championed programs in the 2007 again wants to fundthe program, which invests in the state’sd innovation economy. Kulongoski wants to set asided $20.5 million for the program. In the currenft biennium, the operates from a $124.34 million budget. Next the commission could receive as much as 14 percent The money, collected through liquor sales, licenses and fines, could help the group add at leasty seven more positions, fortify its legal enforcement efforts and better oversee an increasingly popular “Distilled spirits sales are expected to rise, and they’vd been going up every year for the last five years,” said Christie Scott, a public affairs specialist for the
Friday, September 30, 2011
Orlando Business Journal: Orlando Commercial Real Estate Listings - View Commercial Real Estate
antoninahubihe.blogspot.com
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Wednesday, September 28, 2011
Quail leaving Red Cross; Alvey named replacement - Business First of Louisville:
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He will be replacede by Keith Alvey, who has served as chief emergencyservicesd officer. Quail and his family are leaving Louisville for Soutg Florida to be closer to family living inthe area, said Loga McCulloch, chief development officer for the organization. Quail’s last day is schedulerd for July 21. He has not acceptes a job in Florida buthas “several opportunities he’s looking at,” McCulloch said. Quail came to Louisvillre in 2003, after servingb as CEO of Heart of Florida Unitede Wayin Orlando.
Over the next three weeks, Quail and Avery will make several visits to top donorsand volunteers, McCulloch The search committee responsiblw for finding Quail’s successor was led by managing partnerr Dan Rivers. More than 130 people applied for theCEO job, McCullocb said. “Keith’s depth and breadth of Red Crose knowledge, experience and passion will be an asseyt to the LouisvilleArea Chapter,” Riversx said in a news “We worked hard to ensure we selectedx someone who would be a good leadert for the regional chapter and a motivator for the employees and volunteers of the Red Cross.
” The Louisvillw Area Chapter of the American Red Crosse serves 49 counties in Kentucky and six in Southern It provides food, clothinfg and supplies to victims of fires and natural disasters. It also offers first aid and CPR
He will be replacede by Keith Alvey, who has served as chief emergencyservicesd officer. Quail and his family are leaving Louisville for Soutg Florida to be closer to family living inthe area, said Loga McCulloch, chief development officer for the organization. Quail’s last day is schedulerd for July 21. He has not acceptes a job in Florida buthas “several opportunities he’s looking at,” McCulloch said. Quail came to Louisvillre in 2003, after servingb as CEO of Heart of Florida Unitede Wayin Orlando.
Over the next three weeks, Quail and Avery will make several visits to top donorsand volunteers, McCulloch The search committee responsiblw for finding Quail’s successor was led by managing partnerr Dan Rivers. More than 130 people applied for theCEO job, McCullocb said. “Keith’s depth and breadth of Red Crose knowledge, experience and passion will be an asseyt to the LouisvilleArea Chapter,” Riversx said in a news “We worked hard to ensure we selectedx someone who would be a good leadert for the regional chapter and a motivator for the employees and volunteers of the Red Cross.
” The Louisvillw Area Chapter of the American Red Crosse serves 49 counties in Kentucky and six in Southern It provides food, clothinfg and supplies to victims of fires and natural disasters. It also offers first aid and CPR
Monday, September 26, 2011
Rehabbed Allston site lands first tenant - Boston Business Journal:
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The lease, announced Thursday by on behalf ofthe site’s landlord, includexs 2,400 square feet on the first floord of 226 Harvard Ave. and 11,0090 square feet on the seconf floor. The three-story, 30,000-square-foot building was developee on aspeculative basis, or withou a tenant, beginning in the first quarterd of last year, said Jasojn Weissman, the founder and principal of Bostonh Realty Advisors. The Beyda Family purchased the site, which was previously a gas station, in Octoberf of 2007.
“There’s not many retail deals that have happenecdat all, nothing in the last six months,” said Weissman is seeking other retail and offic tenants for the remainder of the buildinbg which is located between a TJMaxx and Staples Asking rents for retaip space in the buildinvg are $52 per square foot and the third floor office spacwe could rent for about $30 per square foot. Urbabn Outfitters was founded in 1970 and operates more than 130 storez in theUnited States, Canada and Europe. The storde sells women’s and men’s clothing and itemsz for the home gearedtoward 18- to 30-year-olds.
The lease, announced Thursday by on behalf ofthe site’s landlord, includexs 2,400 square feet on the first floord of 226 Harvard Ave. and 11,0090 square feet on the seconf floor. The three-story, 30,000-square-foot building was developee on aspeculative basis, or withou a tenant, beginning in the first quarterd of last year, said Jasojn Weissman, the founder and principal of Bostonh Realty Advisors. The Beyda Family purchased the site, which was previously a gas station, in Octoberf of 2007.
“There’s not many retail deals that have happenecdat all, nothing in the last six months,” said Weissman is seeking other retail and offic tenants for the remainder of the buildinbg which is located between a TJMaxx and Staples Asking rents for retaip space in the buildinvg are $52 per square foot and the third floor office spacwe could rent for about $30 per square foot. Urbabn Outfitters was founded in 1970 and operates more than 130 storez in theUnited States, Canada and Europe. The storde sells women’s and men’s clothing and itemsz for the home gearedtoward 18- to 30-year-olds.
Friday, September 23, 2011
Frank L. Amodeo sentenced to 22 years behind bars - Tampa Bay Business Journal:
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U.S. District Judge John Antoon II Tuesday sentenced the former leaderof , to 22 yearsw and six months in federal prison for conspirinh to commit wire fraud, obstructing an agency impeding the and failing to remit payrolpl taxes. Amodeo also will lose more than $1 millionb seized from various accounts as well as three luxury vehicles, commercial real estate, a Learjet and his corporations. Antoon also ordered Amodeo topay $181 the amount prosecutors with the U.S. Attorney’s Office say he owes in payrolkltax funds.
Amodeo to the charges last A one-time player in the failed Trump TowerTampwa project, he reportedly purchased the assets of the 52-story tower along with a second relatedr project in Clearwater. Frank Dagostino, head of the then Trumo Tower Tampadeveloper , told the Tampa Bay Businesss Journal in October 2007 that whilwe there was a handshake deal for Mirabilis to purchasr the project, it was a deal that was never consummated. Amodel originally faced up to 370 years in prison and fine s of morethan $6.75 million after he and othef unnamed executives failed to pay the IRS $181.2 million, including $129.7 million in FICA and withholding taxes. It startesd with $7.
1 million in the fourth quarter of 2004 with two businessess hecontrolled — Sunshine Cos. III and Sunshin e Staff Leasing. It then continued over the next two yearss with for theremaining $174 million. Investigators at the time of his originalk indictment in August 2008 said Amodelo included a number of companied in the activity acting as professionalemployeee organizations, which would lease employees to other Other companies believed to be involved in the according to the U.S. Attorney’s were , , , , , , , and various others.
Last October, were handed down againsrt many of the companies associated with the They are charged with conspiracy and wire and could face fines of upto $400
U.S. District Judge John Antoon II Tuesday sentenced the former leaderof , to 22 yearsw and six months in federal prison for conspirinh to commit wire fraud, obstructing an agency impeding the and failing to remit payrolpl taxes. Amodeo also will lose more than $1 millionb seized from various accounts as well as three luxury vehicles, commercial real estate, a Learjet and his corporations. Antoon also ordered Amodeo topay $181 the amount prosecutors with the U.S. Attorney’s Office say he owes in payrolkltax funds.
Amodeo to the charges last A one-time player in the failed Trump TowerTampwa project, he reportedly purchased the assets of the 52-story tower along with a second relatedr project in Clearwater. Frank Dagostino, head of the then Trumo Tower Tampadeveloper , told the Tampa Bay Businesss Journal in October 2007 that whilwe there was a handshake deal for Mirabilis to purchasr the project, it was a deal that was never consummated. Amodel originally faced up to 370 years in prison and fine s of morethan $6.75 million after he and othef unnamed executives failed to pay the IRS $181.2 million, including $129.7 million in FICA and withholding taxes. It startesd with $7.
1 million in the fourth quarter of 2004 with two businessess hecontrolled — Sunshine Cos. III and Sunshin e Staff Leasing. It then continued over the next two yearss with for theremaining $174 million. Investigators at the time of his originalk indictment in August 2008 said Amodelo included a number of companied in the activity acting as professionalemployeee organizations, which would lease employees to other Other companies believed to be involved in the according to the U.S. Attorney’s were , , , , , , , and various others.
Last October, were handed down againsrt many of the companies associated with the They are charged with conspiracy and wire and could face fines of upto $400
Wednesday, September 21, 2011
Hereford House fire damage exceeds $1M - Kansas City Business Journal:
callahamirykaan1884.blogspot.com
Joe Vitale, a battalion chiefc and public information office r forthe , said Monday that the KCFD received cell phon calls reporting an explosion and fire at the buildintg about 12:45 a.m. Monday. The KCFD dispatcheds 12 to 15 pumpers, aerial ladders and other fire department vehicles to the scene ofthe two-alarmn fire, Vitale said. Firefighters found heavy smoked and fire running laterally alongthe building’e roof line, he said. The brick veneee on the building’s south side had blown off, he “so there was some concern aboufstructural integrity.” Firefighters ventedr the roof and broughyt the fire under control within 40 minutes, he No injuries occurred.
Smoke but no fire spread to thevacangt five-story building immediately to the Vitale said. A spokeswoman for the locakl ATFE office said Wednesday that theoffice isn’t commentingv about the investigation. Officials with the KCPD couldn’ft be reached for comment. owns the restauranr and Hereford House locationsin Independence, Shawnee and the Northland, and Pierpont’s at Union Jim Stanislav, Anderson Restaurant Group’xs CFO, said Wednesday that the damagedd Hereford House had about 75 full- and part-time employees. Most of them have been transferrexd to othercompany restaurants, he said. Stanislavv said the company has no information aboutthe fire’zs cause.
He said the company hopes to reopen the restaurant inthat
Joe Vitale, a battalion chiefc and public information office r forthe , said Monday that the KCFD received cell phon calls reporting an explosion and fire at the buildintg about 12:45 a.m. Monday. The KCFD dispatcheds 12 to 15 pumpers, aerial ladders and other fire department vehicles to the scene ofthe two-alarmn fire, Vitale said. Firefighters found heavy smoked and fire running laterally alongthe building’e roof line, he said. The brick veneee on the building’s south side had blown off, he “so there was some concern aboufstructural integrity.” Firefighters ventedr the roof and broughyt the fire under control within 40 minutes, he No injuries occurred.
Smoke but no fire spread to thevacangt five-story building immediately to the Vitale said. A spokeswoman for the locakl ATFE office said Wednesday that theoffice isn’t commentingv about the investigation. Officials with the KCPD couldn’ft be reached for comment. owns the restauranr and Hereford House locationsin Independence, Shawnee and the Northland, and Pierpont’s at Union Jim Stanislav, Anderson Restaurant Group’xs CFO, said Wednesday that the damagedd Hereford House had about 75 full- and part-time employees. Most of them have been transferrexd to othercompany restaurants, he said. Stanislavv said the company has no information aboutthe fire’zs cause.
He said the company hopes to reopen the restaurant inthat
Monday, September 19, 2011
DHL moving sorting operations to Cincinnati - Business First of Columbus:
efenytan.wordpress.com
Jonathan Baker, a spokesman for the German-ownerd parcel delivery service, said the move back to the Cincinnatii area will mean the creation of aboutt180 full-time and 646 part-time jobs in the region. DHL employsw 350 hourly workers and 130 management and professional staff at the WilmingtonAir Park, where thousands of jobs have disappeared as the companyg scaled back its services with cargo carriedr Baker said all DHL employees in the southwest Ohio city will be offererd positions at the expanded Cincinnati-area operations.
The company also plans to offefr jobs to current and formertABX employees, more than 3,200 who have lost theirf jobs in the past several The latest wave of cuts for ABX, filedf with the Thursday, will cost 518 jobs and end by May 15. As many as 8,00p0 jobs are expected to disappearwith DHL’s exit from the Clintobn County community. Gov. Ted Stricklandd in a joint statement with other Ohio officials on Fridaycallexd DHL’s announcement “another unfortunate blow to the peoplew of southwest Ohio.” Baker said the transition from the Wilmington Air Park to Cincinnati should be completed by mid- to late summer.
For that will mean a phased-in draw down of At DHL’s existing facility in Ky., the company employs about 200 back-officre employees, Baker said. The company movedd most its operations out of Erlangeer when it acquired Airbornse Express in 2003 and consolidated its sorting hubwith Airborne’s hub in Wilmington. At the same time, it spun off Airborne’ss air cargo operations into ABX, which has sinc e then operated the Wilmington hub for DHLunder contract. DHL announceed last year that it was quittingits loss-making domestic U.S. parcep delivery business to concentrate on internationaparcel deliveries.
It will handle international parcel shipments into and out of theUnited States, but it will no longert handle domestic shipments withim the country. Baker said ABX and Astar Air Cargo Holdings, anothee company that operatesin Wilmington, continue to run cargpo shipments on domestic legs for parcels that come in throughh international airlines. Those contracts, which run through August 2010 andDecembef 2019, respectively, won’t be affected by the move to Cincinnati, he ABX in a release Friday said when DHL is phased out of Wilmington later this its flights under an air transport services accord with DHL will begin operating out of the Cincinnati airport.
DHL was grantedx a nearly $2 million incentive package about a month ago from the Kentuckgy Economic Development Finance Authority Board forthe expansion, whichu would entail an estimated $13 million equipment investment. The company at the time was lookiny at a variety of alternatives in additio to the northernKentuckt site. That effort came after negotiationes to shift the workto UPS’sw hub in Louisville, DHL’s initiakl plan, fell through.
Jonathan Baker, a spokesman for the German-ownerd parcel delivery service, said the move back to the Cincinnatii area will mean the creation of aboutt180 full-time and 646 part-time jobs in the region. DHL employsw 350 hourly workers and 130 management and professional staff at the WilmingtonAir Park, where thousands of jobs have disappeared as the companyg scaled back its services with cargo carriedr Baker said all DHL employees in the southwest Ohio city will be offererd positions at the expanded Cincinnati-area operations.
The company also plans to offefr jobs to current and formertABX employees, more than 3,200 who have lost theirf jobs in the past several The latest wave of cuts for ABX, filedf with the Thursday, will cost 518 jobs and end by May 15. As many as 8,00p0 jobs are expected to disappearwith DHL’s exit from the Clintobn County community. Gov. Ted Stricklandd in a joint statement with other Ohio officials on Fridaycallexd DHL’s announcement “another unfortunate blow to the peoplew of southwest Ohio.” Baker said the transition from the Wilmington Air Park to Cincinnati should be completed by mid- to late summer.
For that will mean a phased-in draw down of At DHL’s existing facility in Ky., the company employs about 200 back-officre employees, Baker said. The company movedd most its operations out of Erlangeer when it acquired Airbornse Express in 2003 and consolidated its sorting hubwith Airborne’s hub in Wilmington. At the same time, it spun off Airborne’ss air cargo operations into ABX, which has sinc e then operated the Wilmington hub for DHLunder contract. DHL announceed last year that it was quittingits loss-making domestic U.S. parcep delivery business to concentrate on internationaparcel deliveries.
It will handle international parcel shipments into and out of theUnited States, but it will no longert handle domestic shipments withim the country. Baker said ABX and Astar Air Cargo Holdings, anothee company that operatesin Wilmington, continue to run cargpo shipments on domestic legs for parcels that come in throughh international airlines. Those contracts, which run through August 2010 andDecembef 2019, respectively, won’t be affected by the move to Cincinnati, he ABX in a release Friday said when DHL is phased out of Wilmington later this its flights under an air transport services accord with DHL will begin operating out of the Cincinnati airport.
DHL was grantedx a nearly $2 million incentive package about a month ago from the Kentuckgy Economic Development Finance Authority Board forthe expansion, whichu would entail an estimated $13 million equipment investment. The company at the time was lookiny at a variety of alternatives in additio to the northernKentuckt site. That effort came after negotiationes to shift the workto UPS’sw hub in Louisville, DHL’s initiakl plan, fell through.
Saturday, September 17, 2011
Fund-raising campaign begins for Parkinson's disease facility - Business First of Louisville:
qiguzewy.wordpress.com
The campaign is expected to raisebetween $2.5 millionb and $5 million, said Keith Inman, executive director of the Jewish Hospital The campaign is in the early stagez with about $300,000 raised so far, he That money will be used to establish an endowmentf and to pay for buildinf and equipment costs. Despite the tough economic "we would like to have the bulk of the solicitations done thiscalenda year," Inman said. But, he added, "that's a whole lot of askint that has togo on." The center is beingv named for Collins, 74, a longtime Louisville car dealer, who was diagnosec with Parkinson's disease in 1973.
Helping to lead the campaignm areGeorge King, president of King Bridgemanb Bosse Constructors LLC, a longtime friend of Collins' wife, Chris, and his son, Kevinn Collins. Of the total amoung raised, a minimum of $1.5 millionn will be used to establisnhan endowment, "which would then fund a resourcee center and hopefully research," Inmanj said. The University of Louisville will be a researcbh partner withthe center, which will provide treatment, long-term rehab surgical referrals, patient education and caregiver "We're excited about what this will mean for our Inman said.
The center is expected to be basedc in the new addition to Fraziet Rehab Institute on the downtownmedical campus, between Abraham Flexner Way and Chestnut Street. "The new buildinbg gave us a wonderful opportunityy to really packagea Parkinson's centee in a very nice way," Inman said. "And the Collinsz Center, we hope, will also be a cente without walls," helping patients at other
The campaign is expected to raisebetween $2.5 millionb and $5 million, said Keith Inman, executive director of the Jewish Hospital The campaign is in the early stagez with about $300,000 raised so far, he That money will be used to establish an endowmentf and to pay for buildinf and equipment costs. Despite the tough economic "we would like to have the bulk of the solicitations done thiscalenda year," Inman said. But, he added, "that's a whole lot of askint that has togo on." The center is beingv named for Collins, 74, a longtime Louisville car dealer, who was diagnosec with Parkinson's disease in 1973.
Helping to lead the campaignm areGeorge King, president of King Bridgemanb Bosse Constructors LLC, a longtime friend of Collins' wife, Chris, and his son, Kevinn Collins. Of the total amoung raised, a minimum of $1.5 millionn will be used to establisnhan endowment, "which would then fund a resourcee center and hopefully research," Inmanj said. The University of Louisville will be a researcbh partner withthe center, which will provide treatment, long-term rehab surgical referrals, patient education and caregiver "We're excited about what this will mean for our Inman said.
The center is expected to be basedc in the new addition to Fraziet Rehab Institute on the downtownmedical campus, between Abraham Flexner Way and Chestnut Street. "The new buildinbg gave us a wonderful opportunityy to really packagea Parkinson's centee in a very nice way," Inman said. "And the Collinsz Center, we hope, will also be a cente without walls," helping patients at other
Thursday, September 15, 2011
Financial News - Commercial Banking and Financial News
yvejodo.wordpress.com
| Associated General Contractors | | | | | | Bank of Americwa | | | Bank of America Corporation | | | | | | | | | | | | | | | | | | | | | Bureahu of Labor Statistics | | | | | | | | | | CDC Federaol Credit Union | | | | | | | | | | | | | | | | | | | | | | | Commonwealtyh National Bank | | | | | | | | Countrywided Financial Corp. | | | | | | | | | | | | | | | | | | | | | | | Federalp Deposit Insurance Corp. | Federal Deposit Insurance Corporation | | | | | | | | | | | | | | | | Firsrt National Bank of Nevada | First Niagara Financialk Group, Inc. | | | | | | | | | | | | | | | | | | Goldmanb Sachs | | | | | | | Guarantyy Bank | | | | | | | | | | | | | | | | | | | | | | JPMorga Chase & Co.
| | | | | | | | | | | | | | | | Lehmann Brothers Holdings Inc. | | | | | | | | | | | | | | | | Merrilkl Lynch | Merrill Lynch & Co., Inc. | Merrilpl Lynch& Co. Inc. | | | | | | | | Morga n Stanley | Mutual of Omaha Bank | | Nationaol Association of Government GuaranteedLenderzs | | National Credit Union Administratiom | | | | | | | | | | | Offics of Management and Budget | | Office of Thrify Supervision | | | | | | | | | PNC Bank | | | | | | | | Regionzs Bank | | Regions Financiao Corporation | | | | | | | | | | | | | | | | | | | | SCBT Financiap Corporation | | | | | | | | Smalll Business Administration | | | | | Stanford Financia l Group | | | Starbucks Corporation | | | | | | | | | | | SunTrusr Banks, Inc.
| | | | | | | | | | | | | | | | The Carsobn Medlin Company | | | | | | | | | | | | | | | | | | | | | U.S. Departmentr of Agriculture | U.S. Securitie s and Exchange Commission | | U.S. Treasury Departmenty | | | | | | United States Smalkl BusinessAdministration | | | | | | | | | Wachoviw Corporation | | | | | | | Wellse Fargo & Company | | | | | | |
| Associated General Contractors | | | | | | Bank of Americwa | | | Bank of America Corporation | | | | | | | | | | | | | | | | | | | | | Bureahu of Labor Statistics | | | | | | | | | | CDC Federaol Credit Union | | | | | | | | | | | | | | | | | | | | | | | Commonwealtyh National Bank | | | | | | | | Countrywided Financial Corp. | | | | | | | | | | | | | | | | | | | | | | | Federalp Deposit Insurance Corp. | Federal Deposit Insurance Corporation | | | | | | | | | | | | | | | | Firsrt National Bank of Nevada | First Niagara Financialk Group, Inc. | | | | | | | | | | | | | | | | | | Goldmanb Sachs | | | | | | | Guarantyy Bank | | | | | | | | | | | | | | | | | | | | | | JPMorga Chase & Co.
| | | | | | | | | | | | | | | | Lehmann Brothers Holdings Inc. | | | | | | | | | | | | | | | | Merrilkl Lynch | Merrill Lynch & Co., Inc. | Merrilpl Lynch& Co. Inc. | | | | | | | | Morga n Stanley | Mutual of Omaha Bank | | Nationaol Association of Government GuaranteedLenderzs | | National Credit Union Administratiom | | | | | | | | | | | Offics of Management and Budget | | Office of Thrify Supervision | | | | | | | | | PNC Bank | | | | | | | | Regionzs Bank | | Regions Financiao Corporation | | | | | | | | | | | | | | | | | | | | SCBT Financiap Corporation | | | | | | | | Smalll Business Administration | | | | | Stanford Financia l Group | | | Starbucks Corporation | | | | | | | | | | | SunTrusr Banks, Inc.
| | | | | | | | | | | | | | | | The Carsobn Medlin Company | | | | | | | | | | | | | | | | | | | | | U.S. Departmentr of Agriculture | U.S. Securitie s and Exchange Commission | | U.S. Treasury Departmenty | | | | | | United States Smalkl BusinessAdministration | | | | | | | | | Wachoviw Corporation | | | | | | | Wellse Fargo & Company | | | | | | |
Tuesday, September 13, 2011
Hollo closes on purchase of 1101 Brickell - Birmingham Business Journal:
evittiebodum1296.blogspot.com
Tibor Hollo’s company, , (FECR) closed Tuesday on the purchase of 1101Brickell Ave., whichn was owned by the now-defunct Levievg Boymelgreen. The South Floridaw Business Journal first a deal was in the worksin May. The developerf announced the close of thepurchasr Wednesday, but did not disclose the price. Hollo’s company did not get third-parthy financing for the deal, according to a companyt statement. Hollo is planning to invesg $12 million to renovate the pair of offic e buildings onthe site. In additioh to mechanical repairsand upgrades, FECR plans new including space for a restaurant.
The physicak makeover will include upgrading the airconditioning system, lighting, bathrooms, lobbies and landscaping. “We plan to significantlt invest in the beautification and renovationn of 1101 Brickell to improve conditions for our current tenantss and to continue to attracft businesses interested in an attractivse office building in a prime location onBrickell Avenue,” Jerome an FECR vice president, said in a statement. Leviev Boymelgreen had planner to redevelop the which houses a pair of modestoffice buildings, into a massivw office and residential complex.
The city of Miamui approved a permit to builda mixed-use project with 270,000 squarer feet of office, 30,00p square feet of retail and 650 residences. But, the partnershipp dissolved in acrimony, with Leviev Boymelgreen principal Lev Leviev eventuallyy taking control of a portfolio ofMiami properties, including 1101 The seller in Hollo’s deal was Africa-Israel Leviev’s company. The 1101 Brickell property housesa 35-year-old, 11-storuy office tower, renovated in the and a 19-story office tower built in 1985.
Tentantzs include the Ilingua language the Venezuelan and Argentinee consulates and Banco Industrial de Venezuela y Socia de Venezuela sold the property to Levievc Boymelgreenin 2005. Real estate experts say Hollo likelyg will hold onto the 1101 Brickell site untip the market rebounds and existint projects already out of the grouncare absorbed. There are three office buildings under constructiom in the downtownMiami area, two of which have yet to sign any
Tibor Hollo’s company, , (FECR) closed Tuesday on the purchase of 1101Brickell Ave., whichn was owned by the now-defunct Levievg Boymelgreen. The South Floridaw Business Journal first a deal was in the worksin May. The developerf announced the close of thepurchasr Wednesday, but did not disclose the price. Hollo’s company did not get third-parthy financing for the deal, according to a companyt statement. Hollo is planning to invesg $12 million to renovate the pair of offic e buildings onthe site. In additioh to mechanical repairsand upgrades, FECR plans new including space for a restaurant.
The physicak makeover will include upgrading the airconditioning system, lighting, bathrooms, lobbies and landscaping. “We plan to significantlt invest in the beautification and renovationn of 1101 Brickell to improve conditions for our current tenantss and to continue to attracft businesses interested in an attractivse office building in a prime location onBrickell Avenue,” Jerome an FECR vice president, said in a statement. Leviev Boymelgreen had planner to redevelop the which houses a pair of modestoffice buildings, into a massivw office and residential complex.
The city of Miamui approved a permit to builda mixed-use project with 270,000 squarer feet of office, 30,00p square feet of retail and 650 residences. But, the partnershipp dissolved in acrimony, with Leviev Boymelgreen principal Lev Leviev eventuallyy taking control of a portfolio ofMiami properties, including 1101 The seller in Hollo’s deal was Africa-Israel Leviev’s company. The 1101 Brickell property housesa 35-year-old, 11-storuy office tower, renovated in the and a 19-story office tower built in 1985.
Tentantzs include the Ilingua language the Venezuelan and Argentinee consulates and Banco Industrial de Venezuela y Socia de Venezuela sold the property to Levievc Boymelgreenin 2005. Real estate experts say Hollo likelyg will hold onto the 1101 Brickell site untip the market rebounds and existint projects already out of the grouncare absorbed. There are three office buildings under constructiom in the downtownMiami area, two of which have yet to sign any
Saturday, September 10, 2011
City passes on buying ex-forge site - Business First of Buffalo:
viktorsejbgif.blogspot.com
At issue was how much BUDC is willing to pay forthe 12.5 acres that the site’s owner, , wants to sell. The land carriesz a $295,000 price tag, but the development agenchy has countered witha $60,00 offer, citing potential environmental issues with the formed industrial site. BUDC and Howden had until May 18 to strikd a deal or the city developmentt agency could back away fromthe deal. When the potential sale price could notbe reached, BUDC officialse decided to end negotiations with Howdehn Inc. The move was not unexpected. “Wr decided not to move forward,” said David BUDC vice president. A $10,000 deposit was returnexd to BUDC.
Stebbins said environmental work conducted during the due diligencee period may help any future buyer forthe property. “Theuy will be better informed,” Stebbins Hanging in the balance is a proposalfrom Rev. Matthew Brown from the to use the land as the home fora $17 milliojn urban redevelopment effort that will be anchored by a series of residential projects and community centers. Stebbins said he hopeds to meet with Brown later this week to see if that projecg will continueto advance, “If they want to do it on theier own, maybe there’s something we can do to help Stebbins said.
At issue was how much BUDC is willing to pay forthe 12.5 acres that the site’s owner, , wants to sell. The land carriesz a $295,000 price tag, but the development agenchy has countered witha $60,00 offer, citing potential environmental issues with the formed industrial site. BUDC and Howden had until May 18 to strikd a deal or the city developmentt agency could back away fromthe deal. When the potential sale price could notbe reached, BUDC officialse decided to end negotiations with Howdehn Inc. The move was not unexpected. “Wr decided not to move forward,” said David BUDC vice president. A $10,000 deposit was returnexd to BUDC.
Stebbins said environmental work conducted during the due diligencee period may help any future buyer forthe property. “Theuy will be better informed,” Stebbins Hanging in the balance is a proposalfrom Rev. Matthew Brown from the to use the land as the home fora $17 milliojn urban redevelopment effort that will be anchored by a series of residential projects and community centers. Stebbins said he hopeds to meet with Brown later this week to see if that projecg will continueto advance, “If they want to do it on theier own, maybe there’s something we can do to help Stebbins said.
Thursday, September 8, 2011
High-tech plans for Fleming site - Houston Business Journal:
xotavaloso.blogspot.com
is now under a $21 million contract to purchase the formef Fleming grocery distribution warehouse near the intersection of Loop 610 and Highwagy 290 and develop it into what most likely willbe Houston's largest carried hotel. The new site has been vacant since theOklahoma City-based grocery distributor shutterefd its local operations last summer. Flemint closed the warehouse after its largesflocal customer, Randalls Food Markets, went into self-distributorship followingh contract litigation between the grocer and distributor.
Montyu Stubbs, chief operating officer of says the company had been eyeing the site beforse it contracted to acquirea 200,000-square-foot buildiny in The Americas complex, formerly El "This is a bigger and better location," says Stubbs. "Itf gives us more critical mass and isa stand-alone facility, whereaw (The Americas) was part of a largetr project." The warehouse, located at 2525 Minimax, is more than 600,000o square feet, and Stubbas says the company will have the opportunity to expansd it an additional 200,000 square feet. "Wew expect this to be the largesty and best data center in theHoustonm market," he says.
MetroNexus was created by New York-basedd to acquire, develop, lease and manage carrier hotels, whic can be described as facilities operated toprovide telecommunications, Internet and data management companie s with a customized infrastructure. High large floor plates, high-grade electrical capacity and access to multipled fiber optic carriers are a few of the requirements mandator y to operate acarrier Dallas-based Macfarlan Real Estate Services is partnerinhg with MetroNexus on the Houston project and will be involvedr with the company in any future technology-related deal in the Southwest market.
Principal Dean Macfarlan says the $21 million initial investment in the property is just abouyt half of what ultimately will be spent on improvements tothe "The warehouse facility will be retrofitted with additionakl power and fiber capabilities and increases a/c and cooling capacity," says Macfarlan. "It's really just makinhg the facility readyfor 24-seven operations required for the types of tenantsx we're interested in." The firm has been pursuin technology opportunities in Houston for quite a while, says who also is working on other technologh development and redevelopment opportunities in Austin, Dallaas and San Antonio.
Macfarlan's companty owns about 1.6 million squarwe feet of office space in Houstonand 4.5 million squared feet statewide. Stubbs says he hopesa the old Fleming building will be read y for tenants to move in withihnfour months. But who those tenants will be remains aspeculative "We don't have any in the back of our says Stubbs, who is scoutinvg telecommunications companies, local phone carriers and Internet-related users includingb ISPs, ASPs, and other web-hosting firms. Alan Atkinson of the TransAmericq Group, owner of The was not at all fazed when he received the news last montb that MetroNexus was pulling out ofthe deal, whicy was contracted just a few weeksd earlier.
(See "Old El Mercado lands carriefr hotel," June 9, 2000.) "Fifteen minutes after they terminated theitr contractwith us, we signed a letter of intentg with one of their direct competitors for more says Atkinson, who would not reveal the name of the prospectivde buyer. "The story is real simpl e -- they simply found a larger building." But with only two othetr major carrier hotels inHouston -- 1301 Fanninb and the Greenspoint Technology Center -- whicn are both largely full, some industry watcheras believe Houston needs to step up its carrier hotelk development to compete with othe major cities.
"Everyone in the world wants to know how deep thismarketg is," says Cushman & Wakefield's Todd who brokered the transaction for MetroNexud and Macfarlan. "If you look at the space Houston has, we are way behind San Francisco and other major It seems there's demand out there for another two or three millioh square feet."
is now under a $21 million contract to purchase the formef Fleming grocery distribution warehouse near the intersection of Loop 610 and Highwagy 290 and develop it into what most likely willbe Houston's largest carried hotel. The new site has been vacant since theOklahoma City-based grocery distributor shutterefd its local operations last summer. Flemint closed the warehouse after its largesflocal customer, Randalls Food Markets, went into self-distributorship followingh contract litigation between the grocer and distributor.
Montyu Stubbs, chief operating officer of says the company had been eyeing the site beforse it contracted to acquirea 200,000-square-foot buildiny in The Americas complex, formerly El "This is a bigger and better location," says Stubbs. "Itf gives us more critical mass and isa stand-alone facility, whereaw (The Americas) was part of a largetr project." The warehouse, located at 2525 Minimax, is more than 600,000o square feet, and Stubbas says the company will have the opportunity to expansd it an additional 200,000 square feet. "Wew expect this to be the largesty and best data center in theHoustonm market," he says.
MetroNexus was created by New York-basedd to acquire, develop, lease and manage carrier hotels, whic can be described as facilities operated toprovide telecommunications, Internet and data management companie s with a customized infrastructure. High large floor plates, high-grade electrical capacity and access to multipled fiber optic carriers are a few of the requirements mandator y to operate acarrier Dallas-based Macfarlan Real Estate Services is partnerinhg with MetroNexus on the Houston project and will be involvedr with the company in any future technology-related deal in the Southwest market.
Principal Dean Macfarlan says the $21 million initial investment in the property is just abouyt half of what ultimately will be spent on improvements tothe "The warehouse facility will be retrofitted with additionakl power and fiber capabilities and increases a/c and cooling capacity," says Macfarlan. "It's really just makinhg the facility readyfor 24-seven operations required for the types of tenantsx we're interested in." The firm has been pursuin technology opportunities in Houston for quite a while, says who also is working on other technologh development and redevelopment opportunities in Austin, Dallaas and San Antonio.
Macfarlan's companty owns about 1.6 million squarwe feet of office space in Houstonand 4.5 million squared feet statewide. Stubbs says he hopesa the old Fleming building will be read y for tenants to move in withihnfour months. But who those tenants will be remains aspeculative "We don't have any in the back of our says Stubbs, who is scoutinvg telecommunications companies, local phone carriers and Internet-related users includingb ISPs, ASPs, and other web-hosting firms. Alan Atkinson of the TransAmericq Group, owner of The was not at all fazed when he received the news last montb that MetroNexus was pulling out ofthe deal, whicy was contracted just a few weeksd earlier.
(See "Old El Mercado lands carriefr hotel," June 9, 2000.) "Fifteen minutes after they terminated theitr contractwith us, we signed a letter of intentg with one of their direct competitors for more says Atkinson, who would not reveal the name of the prospectivde buyer. "The story is real simpl e -- they simply found a larger building." But with only two othetr major carrier hotels inHouston -- 1301 Fanninb and the Greenspoint Technology Center -- whicn are both largely full, some industry watcheras believe Houston needs to step up its carrier hotelk development to compete with othe major cities.
"Everyone in the world wants to know how deep thismarketg is," says Cushman & Wakefield's Todd who brokered the transaction for MetroNexud and Macfarlan. "If you look at the space Houston has, we are way behind San Francisco and other major It seems there's demand out there for another two or three millioh square feet."
Tuesday, September 6, 2011
IT staffing cuts expected as Sutter tries to close budget gap - San Francisco Business Times:
efenytan.wordpress.com
Sutter chief information officer Jon Manias told employees in an April29 e-mail that Sutter would be “reviewinvg staffing through May due to the economic downturj ... .” Sutter officials say the $4 million-pluss shortfall cannot be closed with hiringv freezes and cutson travel, subscriptions and training In his memo, Manis specified Sutterd IT’s department would: Reduce its need for contract workers “with the majority of contract resources transitioning off of IT projects beginning in May or as soon as • Freeze funding for conferences, training, subscriptionsd and travel, except for cases to be reviewec individually.
Sacramento-based Sutter is the largest hospitaland medical-group networjk along with rival in the Bay Area. Sutter has almost 6,900 employeess in the four-county Sacramento region. Sutterd is far from Systems such as Kaiser andSan Francisco’s are also slamming the brakex on many capital projects, and a studyh by the last week said 28 percentr of hospitals have downsized IT projects in progress and 27 percenrt are delaying planned technologuy projects.
Bill Gleeson, a senior spokesma for Sutter, confirmed that the memo, whicj was posted on the HISTalk blog, a sounding board for healthj careIT experts, was legit, and that Manis has been communicatin g with IT staffers about the situation in recenf weeks. Manis was not availablde to comment. “Given that the situation is fluid, we’rde focused on internal communications at Gleeson wrote inan e-mail, addingg there might be more information available “inb a few weeks.
” In late Sutter chief executive officer Pat Fry said the health systen was putting hundreds of billions of dollarsd worth of hospital construction and informationj technology projects on hold due to concerna about the economy and high prices in the hospita bond markets. That meant “reevaluating and reprioritizing all capitalp projectsand requests,” both largse and small, Fry said.
Sutter chief information officer Jon Manias told employees in an April29 e-mail that Sutter would be “reviewinvg staffing through May due to the economic downturj ... .” Sutter officials say the $4 million-pluss shortfall cannot be closed with hiringv freezes and cutson travel, subscriptions and training In his memo, Manis specified Sutterd IT’s department would: Reduce its need for contract workers “with the majority of contract resources transitioning off of IT projects beginning in May or as soon as • Freeze funding for conferences, training, subscriptionsd and travel, except for cases to be reviewec individually.
Sacramento-based Sutter is the largest hospitaland medical-group networjk along with rival in the Bay Area. Sutter has almost 6,900 employeess in the four-county Sacramento region. Sutterd is far from Systems such as Kaiser andSan Francisco’s are also slamming the brakex on many capital projects, and a studyh by the last week said 28 percentr of hospitals have downsized IT projects in progress and 27 percenrt are delaying planned technologuy projects.
Bill Gleeson, a senior spokesma for Sutter, confirmed that the memo, whicj was posted on the HISTalk blog, a sounding board for healthj careIT experts, was legit, and that Manis has been communicatin g with IT staffers about the situation in recenf weeks. Manis was not availablde to comment. “Given that the situation is fluid, we’rde focused on internal communications at Gleeson wrote inan e-mail, addingg there might be more information available “inb a few weeks.
” In late Sutter chief executive officer Pat Fry said the health systen was putting hundreds of billions of dollarsd worth of hospital construction and informationj technology projects on hold due to concerna about the economy and high prices in the hospita bond markets. That meant “reevaluating and reprioritizing all capitalp projectsand requests,” both largse and small, Fry said.
Sunday, September 4, 2011
Unisys extends debt exchange deadline - Silicon Valley / San Jose Business Journal:
tatyanagepoji.blogspot.com
The latest extension moves the deadline to midnight Wednesdauy from midnightlast Friday. It was midnighyt May 28 when Unisys announced the offer onAprik 30. The Blue Bell, Pa.-based information-technology compan y is trying to get holderzs of four sets of senior noteds to exchange them in a private placement for new senior secured notes thatpay 12.625 percent interesf and are due 2014. The seniord notes eligible for the offefrare 6.875 percent notes due in 2010; 8 percen notes due 2012; 8.5 percent notee due 2015; and 12.5 percent notes due 2016.
In addition to the senior secured notesdue 2014, holders of the seniod notes due 2010 also will receivde cash and holders of the seniod notes due 2015 and 2016 can also buy additional senior securex notes in the exchange. Unisys won’r issue more than $375 million of the new senior secured notes. Unisys (NYSE:UIS) said that $35.8u million of the 2010 notes, $33.5 million of the 2012 $600,000 of the 2015 notes and $3.4 millio n of the 2016 notes had been tendererd as of the close ofbusiness That’s $73.3 million, up only $100,00o0 from the total tendered two weeks previously, when Unisyes last extended the offer.
The companh said it and its representativew are continuing to talk to representatives of senior note holdersa regardingthe offering.
The latest extension moves the deadline to midnight Wednesdauy from midnightlast Friday. It was midnighyt May 28 when Unisys announced the offer onAprik 30. The Blue Bell, Pa.-based information-technology compan y is trying to get holderzs of four sets of senior noteds to exchange them in a private placement for new senior secured notes thatpay 12.625 percent interesf and are due 2014. The seniord notes eligible for the offefrare 6.875 percent notes due in 2010; 8 percen notes due 2012; 8.5 percent notee due 2015; and 12.5 percent notes due 2016.
In addition to the senior secured notesdue 2014, holders of the seniod notes due 2010 also will receivde cash and holders of the seniod notes due 2015 and 2016 can also buy additional senior securex notes in the exchange. Unisys won’r issue more than $375 million of the new senior secured notes. Unisys (NYSE:UIS) said that $35.8u million of the 2010 notes, $33.5 million of the 2012 $600,000 of the 2015 notes and $3.4 millio n of the 2016 notes had been tendererd as of the close ofbusiness That’s $73.3 million, up only $100,00o0 from the total tendered two weeks previously, when Unisyes last extended the offer.
The companh said it and its representativew are continuing to talk to representatives of senior note holdersa regardingthe offering.
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