http://www.davecortez.com/rom.html
There were 911 single-family home salesz in May, an increase of 88 units from the 823 homesx soldin April, according to the . However, May home salese were down more than 21 perceng compared withlast May, when 1,16 homes were sold in the Dayton area. The averagr sale price for Maywas $125,236, a 6 percenyt drop from the same monthu last year, when the average prices was $133,180. Year-to-date, Dayton-area home salesd are down 18 percent compared with the same time period last Through May, there have been 3,820 homes sold in the Dayton area, compared to 4,660 during the same periofd last year.
Average sale prices year-to-date also are The average sale price last year through May was That has dropped11 percent, to $110,400 this Jonathan Hall, president of the Ohio Associationj of Realtors, said there are some signs of the housinhg market is starting to pick up. Month-to-month sales at the statde level havebeen increasing. “Our memberse are experiencing more phone calls from interested buyers and seeing increased foot traffic at listingxs inrecent months,” Hall said in a news “With favorable pricing, attractive interest ratesx and sellers more realistic in theif expectations the market is poised for a rebound due to the ideapl conditions that exist.
” On a stat e level, the total number of home sales in May was up 14 percent from On a year-to-year basis, Ohio sales were down 18 percent compareed to last year. This May, 9,010 homeas were sold in Ohio, down from 10,99q last May. The average sale price in Ohio has droppeddas well, from $144,615 last year to $132,3821 this year, an 8.5 percent decrease. Only two metropolitan aread in Ohio saw an increase insales volume, Marionm and Ashland, each with an 8 perceng boost in sales. Columbuxs was the only metro area to see an increasre in averagesales price, rising slightly from $168,345 to a 0.1 percent gain.
Thursday, March 31, 2011
Tuesday, March 29, 2011
Watch: 'Grey's Anatomy' Musical Event - Entertainment Tonight News
zyluzugizovota.blogspot.com
Kansas City Star | Watch: 'Grey's Anatomy' Musical Event Entertainment Tonight News Fans of "Grey's Anatomy" will be in for a treat this week as the show will air its first ever musical episode, seven years in the making. "Grey's Anatomy: The Music Event" centers around Dr. C » |
Sunday, March 27, 2011
Corcoran closing loop on Bayside redevelopment - Boston Business Journal:
igoeosysata1533.blogspot.com
On June 30, , owner the 28-acre waterfront site, filesd a development plan with the and has commenced public meetings to vetthe plan’sx first phase, a $300 million projecgt on Columbia Point in Dorchester. Corcoran’z initial plans call for the demolition ofthe 280,000-square-foot Bayside Expo Cented and the preservation of an existinyg 125,000-square-foot office building on the site. The firm also expectx to add 75 roomsand 10,0000 square feet of meetiny space to the site’s 198-room . Neighborss and community activists have already raised concernw about traffic and congestion at a publiv meeting hearing heldJuly 21. The next meeting is scheduledxfor Aug. 4.
The project’a total cost will be approximately $700 million, said Jim project director forCorcoran Jennison. Those estimates includw the cost to construct an additional 650 residentiaol units in as many assix buildings. Bayside’s redevelopmen was first announced last year after the centefr saw a significant drop inrevenue — some of it stemmingh from business gravitating to the Boston Convention and Exhibition Bayside’s bookings have dropped from 43 in 2006 to 19 this The Expo Center has seveh shows booked next year, said Catherine O’Neill, directore of community relations at Corcoran Jennison. O’Neilkl said the Bayside will likely closee inMarch 2009.
Gribaudok said he wants to secure the necessary permits before seeking In order to fund constructionprojects today, lendere want evidence of signed leasex — something Gribaudo called a bit of a Catch-22 because tenants are unlikely to jump on board untio projects are formally filed and approved. Gribaudlo hopes to lease 50,000 square feet of the retai space to a grocery storre and is seeking two other anchor tenants to leaseeabout 20,000 square feet apiece. The remainderr of the retail space, about 180,000 squared feet, will be leased to smaller retailers, such as a dry cleane or coffee shop.
As Corcoran is movinh ahead with its plans for Bayside Expo the BRA is devisinfg a master plan forColumbia Point, an area that comprises 412 acrez along Dorchester Bay. “It’s an extraordinary site, but you have to be considerate of that,” said BRA director John Palmieri, alluding to the area’a density, open space and water-access challenges. Both Palmierik and Vivien Li, executive directofr of the , describef the Bayside Expo Center redevelopment as the creationh ofa “new neighborhood.
” Li said she believed the project wouls complement many of the already-planned changes to the such as a proposapl to add dorms to the campus and a plan to expandd the John F. Kennedy Presidential Library & “We think it’s absolutely crucial to tie together all the plannint for theDorchester waterfront,” she said.
On June 30, , owner the 28-acre waterfront site, filesd a development plan with the and has commenced public meetings to vetthe plan’sx first phase, a $300 million projecgt on Columbia Point in Dorchester. Corcoran’z initial plans call for the demolition ofthe 280,000-square-foot Bayside Expo Cented and the preservation of an existinyg 125,000-square-foot office building on the site. The firm also expectx to add 75 roomsand 10,0000 square feet of meetiny space to the site’s 198-room . Neighborss and community activists have already raised concernw about traffic and congestion at a publiv meeting hearing heldJuly 21. The next meeting is scheduledxfor Aug. 4.
The project’a total cost will be approximately $700 million, said Jim project director forCorcoran Jennison. Those estimates includw the cost to construct an additional 650 residentiaol units in as many assix buildings. Bayside’s redevelopmen was first announced last year after the centefr saw a significant drop inrevenue — some of it stemmingh from business gravitating to the Boston Convention and Exhibition Bayside’s bookings have dropped from 43 in 2006 to 19 this The Expo Center has seveh shows booked next year, said Catherine O’Neill, directore of community relations at Corcoran Jennison. O’Neilkl said the Bayside will likely closee inMarch 2009.
Gribaudok said he wants to secure the necessary permits before seeking In order to fund constructionprojects today, lendere want evidence of signed leasex — something Gribaudo called a bit of a Catch-22 because tenants are unlikely to jump on board untio projects are formally filed and approved. Gribaudlo hopes to lease 50,000 square feet of the retai space to a grocery storre and is seeking two other anchor tenants to leaseeabout 20,000 square feet apiece. The remainderr of the retail space, about 180,000 squared feet, will be leased to smaller retailers, such as a dry cleane or coffee shop.
As Corcoran is movinh ahead with its plans for Bayside Expo the BRA is devisinfg a master plan forColumbia Point, an area that comprises 412 acrez along Dorchester Bay. “It’s an extraordinary site, but you have to be considerate of that,” said BRA director John Palmieri, alluding to the area’a density, open space and water-access challenges. Both Palmierik and Vivien Li, executive directofr of the , describef the Bayside Expo Center redevelopment as the creationh ofa “new neighborhood.
” Li said she believed the project wouls complement many of the already-planned changes to the such as a proposapl to add dorms to the campus and a plan to expandd the John F. Kennedy Presidential Library & “We think it’s absolutely crucial to tie together all the plannint for theDorchester waterfront,” she said.
Friday, March 25, 2011
OKEHAMPTON coach Brett Luxton admits he has a selection headache ahead of ... - Express & Echo
vittitowmehigyk1238.blogspot.com
OKEHAMPTON coach Brett Luxton admits he has a selection headache ahead of ... Express & Echo Steve Alford and Rory Honeychurch are both out of tomorrow's game, with Sam Turner and Cameron Rickerby in to replace them, and Luxton confessed he was desperate for victories in both competitions. "This weekend is awkward because we want to play good ... |
Thursday, March 24, 2011
Tuesday, March 22, 2011
Burgess: Property tax losses
Friedrich CP12E10
The Miami-Dade County property appraiser released its preliminary tax rollinformation Monday, with all four taxint jurisdictions – fire rescue, library, the unincorporated area and Miami-Dadde overall – seeing a decline. The countywidde decrease comparing preliminary tax numbers from year to year shows a 9percent decrease, or a total of $22.5 5 billion.” “These losses would have been worse if not for new construction that was added to the propertty tax roll as of Jan. County Manager George Burgess said in a memo sent tocountgy commissioners. North Bay Village took the biggest hit, down 20.2 percent from 2008 levels. Homestead saw an 18.
2 percengt decline, followed by Normandy down 17.5 percent, and Aventura which was down 17.3 Golden Beach and the tiny city of Islandia sawno change. Medley saw a 1.5 percent drop whiles Biscayne Park saw a 4perceny decline. Click for the full list. Stafferas reviewed property tax rolls going back to 1985 and founx that 1993 saw taxable value shrinkby 2.9 percent, or $1.9 “Even in 2008, when we absorbedd the impact of doubling the homestead exemption from $25,000o to $50,000, the property tax roll was relativelu flat,” Burgess explained in the memo.
“These lossess in property tax roll values are Burgess warned of a lot more pain on the using the last two years as a baromete of whatis coming. For the secondf consecutive year, Miami-Dade faced a $200 milliomn budget gap in the last fiscal Core services were kept intact bytightening belts, but assuminy the same tax rate adopted for 2008-09, the estimateds ad valorem revenues for fiscal year 2009-10 would shrink by $174.
1 according to the Taking into account the impacg of normal inflationary growth and the economifc slowdown, combined with the non ad valorenm revenue sources, results in property tax subsidizexd operations facing a budget gap of $350 millionb to $400 million, Burgess said. “We are workiny diligently to prepare a proposed budget forFY [fiscal 2009-10 that to the extent preserves essential services and minimizes service impacts to our he wrote in the memo. “However, closinhg a budgetary gap of this size will requird some verydifficult decisions.
”
The Miami-Dade County property appraiser released its preliminary tax rollinformation Monday, with all four taxint jurisdictions – fire rescue, library, the unincorporated area and Miami-Dadde overall – seeing a decline. The countywidde decrease comparing preliminary tax numbers from year to year shows a 9percent decrease, or a total of $22.5 5 billion.” “These losses would have been worse if not for new construction that was added to the propertty tax roll as of Jan. County Manager George Burgess said in a memo sent tocountgy commissioners. North Bay Village took the biggest hit, down 20.2 percent from 2008 levels. Homestead saw an 18.
2 percengt decline, followed by Normandy down 17.5 percent, and Aventura which was down 17.3 Golden Beach and the tiny city of Islandia sawno change. Medley saw a 1.5 percent drop whiles Biscayne Park saw a 4perceny decline. Click for the full list. Stafferas reviewed property tax rolls going back to 1985 and founx that 1993 saw taxable value shrinkby 2.9 percent, or $1.9 “Even in 2008, when we absorbedd the impact of doubling the homestead exemption from $25,000o to $50,000, the property tax roll was relativelu flat,” Burgess explained in the memo.
“These lossess in property tax roll values are Burgess warned of a lot more pain on the using the last two years as a baromete of whatis coming. For the secondf consecutive year, Miami-Dade faced a $200 milliomn budget gap in the last fiscal Core services were kept intact bytightening belts, but assuminy the same tax rate adopted for 2008-09, the estimateds ad valorem revenues for fiscal year 2009-10 would shrink by $174.
1 according to the Taking into account the impacg of normal inflationary growth and the economifc slowdown, combined with the non ad valorenm revenue sources, results in property tax subsidizexd operations facing a budget gap of $350 millionb to $400 million, Burgess said. “We are workiny diligently to prepare a proposed budget forFY [fiscal 2009-10 that to the extent preserves essential services and minimizes service impacts to our he wrote in the memo. “However, closinhg a budgetary gap of this size will requird some verydifficult decisions.
”
Sunday, March 20, 2011
Cigarette settlement turns tobacco money into wine, among other things - Denver Business Journal:
Air Purifiers San Bernardino
Shelby County resident John Brumleyu hated working in tobacco as a childand didn’t like it any betterf as an adult. “I was neved so glad as the day I hung mytomahawk up,” he said. The fourth-generation farmer still lives onhis family’s Waterworks Farm on Woodlawnb Road, east of Shelbyville, where he raised tobaccl crops until 2003. Now, he’s in the business of selling Kentucky-produced eggs to local restaurantsand groceries, includin and LLC in Louisville. He expects to have aboutt $100,000 in sales this year, whichg would be at least a threefoldr increasefrom 2008, his firsyt full year in business.
His is the kind of successw story that the was intendedrto foster. Fueled with Kentucky’s share of the 1998 settlemenyof states’ lawsuits against tobacco it is designed to boost the commonwealth’sd agricultural base. Brumley received an $87,000 granf from the fund in 2008, which he used to buy an egg arefrigerated truck, a walk-in coolerf and other equipment. He now processes 600 to 700 dozen eggs many fromthe 1,400 hens he tends himself, othersd from six other farmers, as far away as Boones County, from whom he buys A broker with the Farmers Associatesd Marketing and Entrepreneurs Group Inc. in Louisville handles the businesxs of taking orders and finding Brumley said.
He’s looking to expand into the Erlanger, Ky.-based grocery chain His visiomn is that his egg business can not only help formerd tobacco farmers stayin agriculture, but it also can help preserv Kentucky farmland by keeping farmers in the farmingy business. It’s a greatr second income for farm he said. Someone who can tend 600 a part-time job, can earn a $10,00 0 profit annually. “We see farmland dying out Brumley said. “We are just stewards of the farm. It’ds a hell of a way to pay (the back to turn it into a Fundpumps $5.
9 million into Jeffersonm County The Kentucky Agriculturao Development Board, which ultimately decides how to spend the makes its decisions based on Kentucky’s Long-Termk Plan for Agricultural Development, whicbh focuses on adding value to locap agricultural products. The fund has served as a model for simila programs in Ohioand Tennessee, said Joel Neaveill, chieft of staff for the Governor’s Officwe of Agricultural Policy, which administerss the fund. In 2007, the Ash Institute for Democrativ Governance and Innovationat ’s John F. Kennedyt School of Government recognized it as one ofthe country’as top 50 government innovations for that year.
Sincee its creation in the fund haspumped $5.9 million into the Jefferson County economy alone. That money has paid for wine-makinhg equipment, fish-skinning machines and pork processing, among other things. One of Louisville’se longest-lived food producers, , founded in received a $300,000 grant in 2003 for new equipmen to process Kentucky aquaculture products suchas catfish. The new equipmentf did just what it was supposedto do, said ownet Lewis Shuckman, enabling the company to remodelp its building at 3001 W. Main St.
for betteer fish processing and providing it with skinnintg machines and ice machines for Until about twoyearxs ago, the company processed 1,100 to 1,20 pounds of Kentucky trout, spoonfish or other fish everyt week, Shuckman said. But then corn prices which pushed up feed prices and slowexdown aquaculture. Now, the companyt processes about 200 to 300 pounds of fisha week. But he expectx the pace to pick up because of the efforts of other producersa elsewhere inthe state. A project to raise tilapiz year-round is in the works in Westerjn Kentucky, and other projects such as a trouyt farm in Harlan County arecomingb online.
The state is workinhg with fish producers to grow theire own feed andcut costs, he The fund also helped two Jeffersonb County vineyards, making a $47,750 forgivable loan to the Broadc Run Vineyards for expansion of its winerg at 10601 Broad Run Road and a $295,5009 forgivable loan to In Town Winery LLC to move from Baxtetr Avenue to an expanded locationh at 120 S. 10th St. In Town Winery, now calledr Riverbend Winery, used only abougt $200,000 of the money and gave the rest back to the president Carson Merkwin That money bought a great dealof grape-processingv equipment, he said.
Shelby County resident John Brumleyu hated working in tobacco as a childand didn’t like it any betterf as an adult. “I was neved so glad as the day I hung mytomahawk up,” he said. The fourth-generation farmer still lives onhis family’s Waterworks Farm on Woodlawnb Road, east of Shelbyville, where he raised tobaccl crops until 2003. Now, he’s in the business of selling Kentucky-produced eggs to local restaurantsand groceries, includin and LLC in Louisville. He expects to have aboutt $100,000 in sales this year, whichg would be at least a threefoldr increasefrom 2008, his firsyt full year in business.
His is the kind of successw story that the was intendedrto foster. Fueled with Kentucky’s share of the 1998 settlemenyof states’ lawsuits against tobacco it is designed to boost the commonwealth’sd agricultural base. Brumley received an $87,000 granf from the fund in 2008, which he used to buy an egg arefrigerated truck, a walk-in coolerf and other equipment. He now processes 600 to 700 dozen eggs many fromthe 1,400 hens he tends himself, othersd from six other farmers, as far away as Boones County, from whom he buys A broker with the Farmers Associatesd Marketing and Entrepreneurs Group Inc. in Louisville handles the businesxs of taking orders and finding Brumley said.
He’s looking to expand into the Erlanger, Ky.-based grocery chain His visiomn is that his egg business can not only help formerd tobacco farmers stayin agriculture, but it also can help preserv Kentucky farmland by keeping farmers in the farmingy business. It’s a greatr second income for farm he said. Someone who can tend 600 a part-time job, can earn a $10,00 0 profit annually. “We see farmland dying out Brumley said. “We are just stewards of the farm. It’ds a hell of a way to pay (the back to turn it into a Fundpumps $5.
9 million into Jeffersonm County The Kentucky Agriculturao Development Board, which ultimately decides how to spend the makes its decisions based on Kentucky’s Long-Termk Plan for Agricultural Development, whicbh focuses on adding value to locap agricultural products. The fund has served as a model for simila programs in Ohioand Tennessee, said Joel Neaveill, chieft of staff for the Governor’s Officwe of Agricultural Policy, which administerss the fund. In 2007, the Ash Institute for Democrativ Governance and Innovationat ’s John F. Kennedyt School of Government recognized it as one ofthe country’as top 50 government innovations for that year.
Sincee its creation in the fund haspumped $5.9 million into the Jefferson County economy alone. That money has paid for wine-makinhg equipment, fish-skinning machines and pork processing, among other things. One of Louisville’se longest-lived food producers, , founded in received a $300,000 grant in 2003 for new equipmen to process Kentucky aquaculture products suchas catfish. The new equipmentf did just what it was supposedto do, said ownet Lewis Shuckman, enabling the company to remodelp its building at 3001 W. Main St.
for betteer fish processing and providing it with skinnintg machines and ice machines for Until about twoyearxs ago, the company processed 1,100 to 1,20 pounds of Kentucky trout, spoonfish or other fish everyt week, Shuckman said. But then corn prices which pushed up feed prices and slowexdown aquaculture. Now, the companyt processes about 200 to 300 pounds of fisha week. But he expectx the pace to pick up because of the efforts of other producersa elsewhere inthe state. A project to raise tilapiz year-round is in the works in Westerjn Kentucky, and other projects such as a trouyt farm in Harlan County arecomingb online.
The state is workinhg with fish producers to grow theire own feed andcut costs, he The fund also helped two Jeffersonb County vineyards, making a $47,750 forgivable loan to the Broadc Run Vineyards for expansion of its winerg at 10601 Broad Run Road and a $295,5009 forgivable loan to In Town Winery LLC to move from Baxtetr Avenue to an expanded locationh at 120 S. 10th St. In Town Winery, now calledr Riverbend Winery, used only abougt $200,000 of the money and gave the rest back to the president Carson Merkwin That money bought a great dealof grape-processingv equipment, he said.
Friday, March 18, 2011
Six Flags, Inc. Company Profile | SIX Company Information
Air Purifiers Springfield
We are the largest regional themew park operator inthe world, engaged solely in the themew park business. These parks includs 14 of the 50 most highly attended themee parks in North America and the largesgt paid admission theme parkin Mexico. These themew parks serve nine of the 10 largesf metropolitan areas in theUnitedc States. We estimate that approximately two-thirdzs of the population of the continentall United States live withina 150-mile radius of one of these parks. In April 2004, prior to the commencement of our 2004operating season, we sold our park outside Cleveland, Ohio, and seven parkse in Europe, which we refer to as our "Europeann Parks.
" In 1998, we acquired the former Six which had operated regional theme parks under the Six Flagds name for nearly forty years and established a nationallu recognized brand name. We have worldwide ownership ofthe "Six Flags" branr name. To capitalize on this name 24 of our parks are brandedas "Six Flags parks, including thirteen parke that we have rebranded since the 1998
We are the largest regional themew park operator inthe world, engaged solely in the themew park business. These parks includs 14 of the 50 most highly attended themee parks in North America and the largesgt paid admission theme parkin Mexico. These themew parks serve nine of the 10 largesf metropolitan areas in theUnitedc States. We estimate that approximately two-thirdzs of the population of the continentall United States live withina 150-mile radius of one of these parks. In April 2004, prior to the commencement of our 2004operating season, we sold our park outside Cleveland, Ohio, and seven parkse in Europe, which we refer to as our "Europeann Parks.
" In 1998, we acquired the former Six which had operated regional theme parks under the Six Flagds name for nearly forty years and established a nationallu recognized brand name. We have worldwide ownership ofthe "Six Flags" branr name. To capitalize on this name 24 of our parks are brandedas "Six Flags parks, including thirteen parke that we have rebranded since the 1998
Tuesday, March 15, 2011
Tapatio-Flavored Fritos Making Nationwide Debut IN TWO WEEKS!!! - OC Weekly (blog)
Fujitsu 18C1
Tapatio-Flavored Fritos Making Nationwide Debut IN TWO WEEKS!!! OC Weekly (blog) 15 2011 @ 9:28AM See that bag of TapatÃo-flavored Fritos? It's now half-gone because I've limited myself to a daily fistful of the manna ever since we broke the news earlier this month that they were debuting. It wasn't Lenten denial but rather not ... |
Saturday, March 12, 2011
Refi rally for TexasLending.com - Dallas Business Journal:
http://onlineloanmodification.org/SchoolLoans/loan-modification-checklist
As many as 120 loan consultants, underwriters, accounting loan processors, loan closers and clerica positions payingbetween $30,000 to more than $100,00o a year will be added, said Kevin Miller, CEO and founder of TexasLending.com. The jobs will be added beginning in August and will be phase d in during the next six to nine he said. The compan has 160 employees now, down from 180 at the peak of the Nortn Texas housing boom twoyearw ago. Low mortgage rates and Miller’s expectationn of climbing home sales are spurrinbgthe company’s growth, he said.
“We expectt rates to be low for the next year and a then we expect home purchasing to be strongb after thatin Texas,” he said. The loca housing market certainly has a lot of groundto New-home sales in the Dallas-Fort Worthg area were down 40% for the first four months of the year compareed to the same period in 2008, and saleds of pre-owned single-family homes were down 24% duringh that period, according to housing marke t analyst David Brown, director of the Dallaes office of Metrostudy. Therw were 4,191 new-home closings and 18,442 resalew in the area through April, he said.
Brownn expects 2009 sales to trail year-ago numberd for the remainder ofthe “We do expect to begin to see some modest recovery in terms of transactionzs beginning in 2010, assuming we see the nationa l economy begin to turn aroundr and we see the jobs picture begin to he said. About 70% of TexasLending.com’s businesas today is refinancing, compared with 40% to 50% at this time last Miller said. TexasLending.com closes $60 million to $80 million in monthluy loan volume now, or abougt $850 million annually, Milled said. With the additional Miller’s goal is to reach $3 billion to $4 billio in annual loan volume in the next five he said.
The company provides residential mortgage loanzin Texas, Oklahoma, Florida, Michigan, Missouri and servicing all of them from the Dallaas office. For the week ending May 22, mortgage loan applicatiob volume nationwide wasup 28.5% compared with the same week one year according to a weekly survey by the Mortgage Bankers Association. Refinancings made up 69.3% of the mortgagw activity. Loan volume in Texaxs was $11.7 billion in the first quarter of this down slightlyfrom $12.4 billion in according to the Texazs Mortgage Bankers Association statistics.
Mortgage industry employment in Texas fell by more thana 30% from 2007 to but has since stabilized, said Scott Norman, vice presideny of the Texas Mortgage Bankers Association. Norman said he’as heard anecdotally that the surge in refinancings is prompting mortgage lendersx toadd employees, but he did not have specifixc industry employment numbers. To make room for new TexasLending.com has signed a lease for 69,000 squarwe feet in its existing location at 4100 Alphs Road inDallas — more than triple the size it currentlyt occupies, said Ben Hautt with the commerciapl real estate firm Streajm Realty Partners LP.
Hautt recentlyt left Stream’s Dallas office to launcn the company’s office in Atlanta, wheree he is managing partner. TexasLending.com will begin movingv into its expanded spacein August, after the completionh of renovations that are now under way. After expanding, TexasLending.com will occupy all of the third, fourth and fifthu floor and part of the first floor inthe 11-storhy building, Hautt said. “It’s an and today that’s not something you see a lot Hautt said. “They’re thriving in the currentf economy.
” The 227,000-square-foot building at 4100 Alpha Road is part of The an 11-building office complex north of Interstate 635 off Midway The asking lease rate for the spacre is about $16.50 per square foot. Hautt and Stream Realtyg colleagues Ben Sumner and Chad Henningesrepresented TexasLending.com in the lease, and Buddy Tompkinw and Seth Thatcher of commerciaol real estate firm GVA Cawley representexd the landlord. Hautt said TexasLending.com searched the markett before deciding to expand within itsexistingh building.
As many as 120 loan consultants, underwriters, accounting loan processors, loan closers and clerica positions payingbetween $30,000 to more than $100,00o a year will be added, said Kevin Miller, CEO and founder of TexasLending.com. The jobs will be added beginning in August and will be phase d in during the next six to nine he said. The compan has 160 employees now, down from 180 at the peak of the Nortn Texas housing boom twoyearw ago. Low mortgage rates and Miller’s expectationn of climbing home sales are spurrinbgthe company’s growth, he said.
“We expectt rates to be low for the next year and a then we expect home purchasing to be strongb after thatin Texas,” he said. The loca housing market certainly has a lot of groundto New-home sales in the Dallas-Fort Worthg area were down 40% for the first four months of the year compareed to the same period in 2008, and saleds of pre-owned single-family homes were down 24% duringh that period, according to housing marke t analyst David Brown, director of the Dallaes office of Metrostudy. Therw were 4,191 new-home closings and 18,442 resalew in the area through April, he said.
Brownn expects 2009 sales to trail year-ago numberd for the remainder ofthe “We do expect to begin to see some modest recovery in terms of transactionzs beginning in 2010, assuming we see the nationa l economy begin to turn aroundr and we see the jobs picture begin to he said. About 70% of TexasLending.com’s businesas today is refinancing, compared with 40% to 50% at this time last Miller said. TexasLending.com closes $60 million to $80 million in monthluy loan volume now, or abougt $850 million annually, Milled said. With the additional Miller’s goal is to reach $3 billion to $4 billio in annual loan volume in the next five he said.
The company provides residential mortgage loanzin Texas, Oklahoma, Florida, Michigan, Missouri and servicing all of them from the Dallaas office. For the week ending May 22, mortgage loan applicatiob volume nationwide wasup 28.5% compared with the same week one year according to a weekly survey by the Mortgage Bankers Association. Refinancings made up 69.3% of the mortgagw activity. Loan volume in Texaxs was $11.7 billion in the first quarter of this down slightlyfrom $12.4 billion in according to the Texazs Mortgage Bankers Association statistics.
Mortgage industry employment in Texas fell by more thana 30% from 2007 to but has since stabilized, said Scott Norman, vice presideny of the Texas Mortgage Bankers Association. Norman said he’as heard anecdotally that the surge in refinancings is prompting mortgage lendersx toadd employees, but he did not have specifixc industry employment numbers. To make room for new TexasLending.com has signed a lease for 69,000 squarwe feet in its existing location at 4100 Alphs Road inDallas — more than triple the size it currentlyt occupies, said Ben Hautt with the commerciapl real estate firm Streajm Realty Partners LP.
Hautt recentlyt left Stream’s Dallas office to launcn the company’s office in Atlanta, wheree he is managing partner. TexasLending.com will begin movingv into its expanded spacein August, after the completionh of renovations that are now under way. After expanding, TexasLending.com will occupy all of the third, fourth and fifthu floor and part of the first floor inthe 11-storhy building, Hautt said. “It’s an and today that’s not something you see a lot Hautt said. “They’re thriving in the currentf economy.
” The 227,000-square-foot building at 4100 Alpha Road is part of The an 11-building office complex north of Interstate 635 off Midway The asking lease rate for the spacre is about $16.50 per square foot. Hautt and Stream Realtyg colleagues Ben Sumner and Chad Henningesrepresented TexasLending.com in the lease, and Buddy Tompkinw and Seth Thatcher of commerciaol real estate firm GVA Cawley representexd the landlord. Hautt said TexasLending.com searched the markett before deciding to expand within itsexistingh building.
Thursday, March 10, 2011
Genmar Holdings files for bankruptcy - Puget Sound Business Journal (Seattle):
shemwellmygalej1291.blogspot.com
The petition to reorganiz the boat builder’s debts was filed Monday afternooj inin Minneapolis. The filing includes more than 20 ofthe company’s one of which is Murfreesboro-based Genmar Tennessee LLC. The companyg has a boat manufacturing and repair facilityt at the Murfreesboro Genmar Tennessee has from 200to 1,00o0 creditors and assets between $50,000 and $100,000. The Tennessee company’s filing lists abouyt $750,000 in unsecured debts owed to its 20largest creditors. The parent company lists its assets in the rageof $10 milliomn to $50 million and its liabilities betweejn $100 million and $500 million, according to court documents.
Genmar only secured creditors areand , according to a story in the Minneapolix Star Tribune. Genmar said it has received commitment fora debtor-in-possession financing proposal from both banks. In a Genmar’s largest shareholder, Chairmaj and CEO Irwin Jacobs says sales ofthe company’s fishing boats, luxury yachts and other products started to declin e in 2008, but worsened in recent months. The company’s sales in fiscal 2009, which ends in are likely to beabout $460 off by more than 50 percent from fiscal 2008, the compang reports.
“If someone would have said to me as recentlyt as even one month ago that Genmar would someday be filingh forChapter 11, I would have said it was not even a remoter possibility,” Jacobs says. Genmar had been making some strategy changed in recent months and recently announced planz to launch a lineof less-expensive aluminum boats.
The petition to reorganiz the boat builder’s debts was filed Monday afternooj inin Minneapolis. The filing includes more than 20 ofthe company’s one of which is Murfreesboro-based Genmar Tennessee LLC. The companyg has a boat manufacturing and repair facilityt at the Murfreesboro Genmar Tennessee has from 200to 1,00o0 creditors and assets between $50,000 and $100,000. The Tennessee company’s filing lists abouyt $750,000 in unsecured debts owed to its 20largest creditors. The parent company lists its assets in the rageof $10 milliomn to $50 million and its liabilities betweejn $100 million and $500 million, according to court documents.
Genmar only secured creditors areand , according to a story in the Minneapolix Star Tribune. Genmar said it has received commitment fora debtor-in-possession financing proposal from both banks. In a Genmar’s largest shareholder, Chairmaj and CEO Irwin Jacobs says sales ofthe company’s fishing boats, luxury yachts and other products started to declin e in 2008, but worsened in recent months. The company’s sales in fiscal 2009, which ends in are likely to beabout $460 off by more than 50 percent from fiscal 2008, the compang reports.
“If someone would have said to me as recentlyt as even one month ago that Genmar would someday be filingh forChapter 11, I would have said it was not even a remoter possibility,” Jacobs says. Genmar had been making some strategy changed in recent months and recently announced planz to launch a lineof less-expensive aluminum boats.
Monday, March 7, 2011
Pending home sales climb in May; prices drop 20 percent from year ago - Minneapolis / St. Paul Business Journal:
http://mbspmuseum.org/schoolprogram/estuary.htm
There were 5,183 pending sales reported last up fromthe 4,418 pending salez in May 2008. New home listingds from May are 13.5 percent lower than they were this time last There were morethan 26,400 active single-familh residential listings in the 13 countg metro area at the end of May, more than 20 perceny less than were listed in May 2008. The mediab sales price in the metropolitan areawas $165,000 in May, up 7.8 percent over April but down 20 percentt from $205,000 in May 2008. The real-estate associations pointee tothe month-over-month rise — the $165,000 figurd was the highest monthly-median price this year — as a sign that the marketg was stabilizing.
(Though there could be seasonalityat too: May 2008’s median salea figure was also an improvement over the previous two “The news we received this morning about the loca l housing market is very Rae Jean Malone, president of the , said in a “The continuing decline in inventory is starting to show its effecyt on the home valuations.” According to the Minneapolis Area Association of Lender-mediated sales (or home sales that are driveb by foreclosures) accounted for 43 percent of all a decline from 46 percenf in April and 53.5 percent from six monthw ago.
That could also help push up home since foreclosed homes often sell for less than those sold bytraditionaol owners.
There were 5,183 pending sales reported last up fromthe 4,418 pending salez in May 2008. New home listingds from May are 13.5 percent lower than they were this time last There were morethan 26,400 active single-familh residential listings in the 13 countg metro area at the end of May, more than 20 perceny less than were listed in May 2008. The mediab sales price in the metropolitan areawas $165,000 in May, up 7.8 percent over April but down 20 percentt from $205,000 in May 2008. The real-estate associations pointee tothe month-over-month rise — the $165,000 figurd was the highest monthly-median price this year — as a sign that the marketg was stabilizing.
(Though there could be seasonalityat too: May 2008’s median salea figure was also an improvement over the previous two “The news we received this morning about the loca l housing market is very Rae Jean Malone, president of the , said in a “The continuing decline in inventory is starting to show its effecyt on the home valuations.” According to the Minneapolis Area Association of Lender-mediated sales (or home sales that are driveb by foreclosures) accounted for 43 percent of all a decline from 46 percenf in April and 53.5 percent from six monthw ago.
That could also help push up home since foreclosed homes often sell for less than those sold bytraditionaol owners.
Saturday, March 5, 2011
Rebates should boost Energy Star sales - Dayton Business Journal:
http://galwaybaygolfholidays.com/tours.htm
“This rebate program will help Floridians buy appliancees atdiscount rates, lowerf utility costs and benefit Florida businesses by stimulating salews of energy-efficient appliances,” Gov. Charlie Crist said in a press releasrMay 18. Although the bill was signed last the projected time for the prograk to be administered is probably sometime this Consumers will not be eligible for the rebates until then because some of the details of the programk still need to beworkef out, said Jeremy Susac, the executiver director of Crist’s Energy Office.
The specifid amounts for the rebates must be approveed by the legislativebudget committee, and Crist’s officee is still waiting for guidance from the federal government on how exactlty the program will work, Susacv said. The FECC is expecting Florida toreceivee $18 million in federal stimulus funds to provide the rebates program. In addition, the Florida legislature is givinh $150,000 to the FECC to help them put the plan into All of this should help Floridians save 20 percent on the costof energy-efficienf appliances. “This is what we are projecting,” Susac said. “Wes are looking at 20 percenty all acrossthe board.
” With the 20 percentf rebate, consumers could save $290 on refrigerators, $200 on washinv machines, freezers and dishwashers, $65 on room air conditionerz and $40 on dehumidifiers. Only laundry and kitcheh home appliances with the Energy Star labe l will be eligible forthe discount. All Energhy Star appliances meet strict energ y efficiency guidelines set by the Environmentalp Protection Agencyand U.S.
Department of Energy, but certain items like flat screenb televisions arenot included, Susac Even though they use the most energ out of all the home appliances, certaib kitchen items like microwaves, ovens and stove tops are also not includefd because they have yet to be regulatecd by Energy Star in the United said Michael Setzer, the owner of Setzer’ds appliance dealer in Jacksonville. Energy Star appliance do cost an averageof $50 to $100 more than the standards versions because of the advancex technologies, he said, but the rebate should lighten the costs, making it almost cheaper to buy the Energy Star product.
“You don’t have to spend $1,00o0 to have an Energuy Star,” Setzer said. “Energy Star has cheapedr models now. I have a $300 dishwashe and a $800 refrigerator in my store that are allEnergy Star.” In addition, the investmentf will cause consumers’ utility bills to go down in dollare amount. Customers should recover their costs ofthe energy-efficient appliance on their monthly billd within five to six According to Energy Star’s Web site, theifr appliances can save consumers $75 a year in energu costs, and they use 10 to 20 percent less energy and water than traditional models, makinyg them better for the environment.
For example, a front-loading Energy Star washing machine uses 16 to 18 gallonse of water versus thetraditional top-loadinyg appliance that uses 40 “I don’t know if our sales will go up becauses the customers will still have to put out the full Setzer said. “But any increase in sales willbe great, and it would be a great thing for people to get their money Business has been slow during the economiv downturn at both Setzer’s locationss here in Jacksonville and Ocala, but it’s still goint pretty steady because people are alwaye going to need refrigeratord and dishwashers, he said.
In addition, 75 to 80 perceny of the appliances he sells areEnergy Star, so Setzef said he’s very hopeful. Energy Star is also excite for the rebate program to go into effect becauser the Florida proposalis unprecedented, an Energy Star spokespersob said. In years past, rebates have caused a jump intheir sales, but they have neveer had a rebate program like this
“This rebate program will help Floridians buy appliancees atdiscount rates, lowerf utility costs and benefit Florida businesses by stimulating salews of energy-efficient appliances,” Gov. Charlie Crist said in a press releasrMay 18. Although the bill was signed last the projected time for the prograk to be administered is probably sometime this Consumers will not be eligible for the rebates until then because some of the details of the programk still need to beworkef out, said Jeremy Susac, the executiver director of Crist’s Energy Office.
The specifid amounts for the rebates must be approveed by the legislativebudget committee, and Crist’s officee is still waiting for guidance from the federal government on how exactlty the program will work, Susacv said. The FECC is expecting Florida toreceivee $18 million in federal stimulus funds to provide the rebates program. In addition, the Florida legislature is givinh $150,000 to the FECC to help them put the plan into All of this should help Floridians save 20 percent on the costof energy-efficienf appliances. “This is what we are projecting,” Susac said. “Wes are looking at 20 percenty all acrossthe board.
” With the 20 percentf rebate, consumers could save $290 on refrigerators, $200 on washinv machines, freezers and dishwashers, $65 on room air conditionerz and $40 on dehumidifiers. Only laundry and kitcheh home appliances with the Energy Star labe l will be eligible forthe discount. All Energhy Star appliances meet strict energ y efficiency guidelines set by the Environmentalp Protection Agencyand U.S.
Department of Energy, but certain items like flat screenb televisions arenot included, Susac Even though they use the most energ out of all the home appliances, certaib kitchen items like microwaves, ovens and stove tops are also not includefd because they have yet to be regulatecd by Energy Star in the United said Michael Setzer, the owner of Setzer’ds appliance dealer in Jacksonville. Energy Star appliance do cost an averageof $50 to $100 more than the standards versions because of the advancex technologies, he said, but the rebate should lighten the costs, making it almost cheaper to buy the Energy Star product.
“You don’t have to spend $1,00o0 to have an Energuy Star,” Setzer said. “Energy Star has cheapedr models now. I have a $300 dishwashe and a $800 refrigerator in my store that are allEnergy Star.” In addition, the investmentf will cause consumers’ utility bills to go down in dollare amount. Customers should recover their costs ofthe energy-efficient appliance on their monthly billd within five to six According to Energy Star’s Web site, theifr appliances can save consumers $75 a year in energu costs, and they use 10 to 20 percent less energy and water than traditional models, makinyg them better for the environment.
For example, a front-loading Energy Star washing machine uses 16 to 18 gallonse of water versus thetraditional top-loadinyg appliance that uses 40 “I don’t know if our sales will go up becauses the customers will still have to put out the full Setzer said. “But any increase in sales willbe great, and it would be a great thing for people to get their money Business has been slow during the economiv downturn at both Setzer’s locationss here in Jacksonville and Ocala, but it’s still goint pretty steady because people are alwaye going to need refrigeratord and dishwashers, he said.
In addition, 75 to 80 perceny of the appliances he sells areEnergy Star, so Setzef said he’s very hopeful. Energy Star is also excite for the rebate program to go into effect becauser the Florida proposalis unprecedented, an Energy Star spokespersob said. In years past, rebates have caused a jump intheir sales, but they have neveer had a rebate program like this
Wednesday, March 2, 2011
Chicanos Por La Causa, MariSol credit unions merge - Business First of Columbus:
ekaterinaiuvo.blogspot.com
As part of the merger, which finalized June 1, CPLC’s one locatiomn will become a MariSol’ s branch at 701 S. Central bringing its total number of metro Phoenisx locationsto four. The Chicanos Por La Causa stafvf will remain at the centra branch and CPLC accounts will be transferreeto MariSol. Members shouldn’t expect any “We are committed to making this transitionn as seamless as possible and to maintaining our shared valueds and commitment to ourHispanic neighbors,” said MariSol CEO Robib L. Romano.
“MariSol will continue to focua on making a differencew in the community we serve and to educatingf each of our new members on ways they can maintainn their ownfinancial stability.” Both organizations servd the region’s vast Latino demographic and have seen lossese mount in the financial similar to many other credit unionzs here. Many of their customers have lost their jobs and are strugglin to meetloan payments. CPLC lost $52,000 in the firsft quarter, and boosted its loan loss allowancdto $315,000. In 2008, the credit uniojn lost $585,000. As of March 31, it had 77,46w delinquent loans on the books.
MariSolp lost $214,006 in the firsf quarter and reportedthat 210,818 borrowers were delinquent on In 2008, MariSol lost $317,000. The nonprofi t has more than $26 million in assets and 6,70p members. CPLC was founded in 1988 and grewto $4 milliom in assets and 1,700 members.
As part of the merger, which finalized June 1, CPLC’s one locatiomn will become a MariSol’ s branch at 701 S. Central bringing its total number of metro Phoenisx locationsto four. The Chicanos Por La Causa stafvf will remain at the centra branch and CPLC accounts will be transferreeto MariSol. Members shouldn’t expect any “We are committed to making this transitionn as seamless as possible and to maintaining our shared valueds and commitment to ourHispanic neighbors,” said MariSol CEO Robib L. Romano.
“MariSol will continue to focua on making a differencew in the community we serve and to educatingf each of our new members on ways they can maintainn their ownfinancial stability.” Both organizations servd the region’s vast Latino demographic and have seen lossese mount in the financial similar to many other credit unionzs here. Many of their customers have lost their jobs and are strugglin to meetloan payments. CPLC lost $52,000 in the firsft quarter, and boosted its loan loss allowancdto $315,000. In 2008, the credit uniojn lost $585,000. As of March 31, it had 77,46w delinquent loans on the books.
MariSolp lost $214,006 in the firsf quarter and reportedthat 210,818 borrowers were delinquent on In 2008, MariSol lost $317,000. The nonprofi t has more than $26 million in assets and 6,70p members. CPLC was founded in 1988 and grewto $4 milliom in assets and 1,700 members.
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