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| 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 | | | | | | |
Thursday, September 15, 2011
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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