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Friday, September 30, 2011
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:
mozybyd.wordpress.com
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:
doqujamup.wordpress.com
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.
Friday, September 2, 2011
Susanna Foo Chinese Cuisine to close this month - Dallas Business Journal:
dudorovanaapyh.blogspot.com
Susanna Foo will serve its last dinner on June 13 aftefr 22 years onWalnut Street. Restaurangt namesake Susanna Foo will continuee to run Susanna Foo Gourmet Kitchenin Radnor, Pa. A spokeswomanh for Foo, Dallyn Pavey, said the restaurateur wants to spenc more time with her grandchildren and that the Radnor restauranty is about 10 minutes fromher home. “Philadelphia feelsw like home to me. I am so proud to be a Foo said ina release.
“I have made so many friends here and look forward to making many as I spend time closetr to home at Susanna Foo Gourmet Kitchen in Those who dine at the Center City locatiob before June 13 will receive a 20 percenyt off a dinner at theRadnord location. Susanna Foo won a slew of awardes ofthe years, including Esquire’s “Best New in 1988, and four bellsa from Philadelphia Inquirer restaurant critic Craig in 1998, 2001 and 2006. Susanna Foo Chines e Cuisine is at 1512Walnuyt St. in Philadelphia. The Radnor location is at 555 EastLancaster Ave.
Susanna Foo is the latest high-profilew restaurant on Walnut Street to close in recent followingBrasserie Perrier, which closed in earlu January.
Susanna Foo will serve its last dinner on June 13 aftefr 22 years onWalnut Street. Restaurangt namesake Susanna Foo will continuee to run Susanna Foo Gourmet Kitchenin Radnor, Pa. A spokeswomanh for Foo, Dallyn Pavey, said the restaurateur wants to spenc more time with her grandchildren and that the Radnor restauranty is about 10 minutes fromher home. “Philadelphia feelsw like home to me. I am so proud to be a Foo said ina release.
“I have made so many friends here and look forward to making many as I spend time closetr to home at Susanna Foo Gourmet Kitchen in Those who dine at the Center City locatiob before June 13 will receive a 20 percenyt off a dinner at theRadnord location. Susanna Foo won a slew of awardes ofthe years, including Esquire’s “Best New in 1988, and four bellsa from Philadelphia Inquirer restaurant critic Craig in 1998, 2001 and 2006. Susanna Foo Chines e Cuisine is at 1512Walnuyt St. in Philadelphia. The Radnor location is at 555 EastLancaster Ave.
Susanna Foo is the latest high-profilew restaurant on Walnut Street to close in recent followingBrasserie Perrier, which closed in earlu January.
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