sucujovide.wordpress.com
WHY POSTPARTUM CARE: I originally was a labor and deliveryt nurse for24 years. At Texas Health Harrisx Southwest, we had which included caring for the patientgthrough labor, delivery, recovery, and In 2007, our unit separated into two LDR (labor, delivery, recovery) and Postpartum. All of my career, I enjoyecd the fast pace of labor and But when the unitwas separated, I chose postpartum because I wantee to spend more time with the mothers aftee they had their babies. I love educating them and watchinvg them care for their new YOUR WORK: I am the managert of the postpartum unit, where I manage 45 employees. Our unit opene d in June 2007. Our mother-baby unit is the best and we love it.
We focu s on both the mom’sa and the baby’s well-being, which includezs a lot of education for the PATIENT CARE: My philosophy is really extremelyt simple. The patient should always come first. I want for everyt mother to have the bestexperiencer possible. So if everybody (staff) treated everhy patient as they would like tobe treated, what a wonderfulp time the patient woulcd have. I truly believe in The Texaa HealthResources Promise, which is “Individualw caring for individuals, together.
”
Sunday, December 30, 2012
Saturday, December 29, 2012
Lingle orders unpaid days off for workers - Puget Sound Business Journal (Seattle):
andreychukuze.blogspot.com
In an address broadcast from theState Capitol, Lingle also said she would scale back free Medicaidc benefits to low-income adults and said the statw would delay paying some of its larger bills until July. The governo is also asking the Judiciary, the and the Office of Hawaiian Affairs to implement equivalentg furlough days or restricrttheir budgets. Hawaii law does not alloq ordering furloughs for the Departmentof Education, the Universitu of Hawaii or the Hawaii Health Systemw Corporation, but Lingle said their spending will be restricted in an amounf equivalent to the three-days-per-month The furloughs, which startg July 1, amount to about a 13.
8 percenft pay cut, or about $5,500 for a worked making $40,000 a year. As with layoffs, Linglr does not have to negotiate the furloughas with any of the unions representing state workers. Lingle has said she doesn’g want to lay off workers becauss of the disruptive effect of contract rules that would enable seniorr workersto “bump” junior workers, even if they worked in differentf state agencies. The furloughs will save $688 million. Linglse said the savings are needef to close a gapof $730 millionm between now and June 30, 2011, as forecasrt by the state’s Counci l on Revenues May 28. All told, Hawaii is expected to see tax revenu e fallby $2.
7 billion over the next two years. “If we do not implemenft the furlough plan, we wouled have to lay off up to 10,000 employeess to realize an equivalent amountof savings,” Lingl said. The state has aboug 46,000 workers, including 21,000 employees of the Departmentof Education. Lingle blamer the fiscal shortfall on the lingering recession, rising unemployment, dropping visitor arrivals, a decline in private buildinyg permits, a doubling of and record bankruptcy The state Legislature ended its sessiob last month by raising tax rates on hotekl rooms, high-income earners, luxuryy home transactions and tobacco to help meet the budge t shortfall.
But Lingle, a Republicahn whose vetoes of those measures were overridde bymajority Democrats, said she would not ask for additional tax She also rejected calls for legalizing However, Lingle noted that 70 percent of state operatinf funds go to labor costs and that the state had providedd employee wage increase of between 16 and 29 percent over the past four yearws “when our economy was thriving.
”
In an address broadcast from theState Capitol, Lingle also said she would scale back free Medicaidc benefits to low-income adults and said the statw would delay paying some of its larger bills until July. The governo is also asking the Judiciary, the and the Office of Hawaiian Affairs to implement equivalentg furlough days or restricrttheir budgets. Hawaii law does not alloq ordering furloughs for the Departmentof Education, the Universitu of Hawaii or the Hawaii Health Systemw Corporation, but Lingle said their spending will be restricted in an amounf equivalent to the three-days-per-month The furloughs, which startg July 1, amount to about a 13.
8 percenft pay cut, or about $5,500 for a worked making $40,000 a year. As with layoffs, Linglr does not have to negotiate the furloughas with any of the unions representing state workers. Lingle has said she doesn’g want to lay off workers becauss of the disruptive effect of contract rules that would enable seniorr workersto “bump” junior workers, even if they worked in differentf state agencies. The furloughs will save $688 million. Linglse said the savings are needef to close a gapof $730 millionm between now and June 30, 2011, as forecasrt by the state’s Counci l on Revenues May 28. All told, Hawaii is expected to see tax revenu e fallby $2.
7 billion over the next two years. “If we do not implemenft the furlough plan, we wouled have to lay off up to 10,000 employeess to realize an equivalent amountof savings,” Lingl said. The state has aboug 46,000 workers, including 21,000 employees of the Departmentof Education. Lingle blamer the fiscal shortfall on the lingering recession, rising unemployment, dropping visitor arrivals, a decline in private buildinyg permits, a doubling of and record bankruptcy The state Legislature ended its sessiob last month by raising tax rates on hotekl rooms, high-income earners, luxuryy home transactions and tobacco to help meet the budge t shortfall.
But Lingle, a Republicahn whose vetoes of those measures were overridde bymajority Democrats, said she would not ask for additional tax She also rejected calls for legalizing However, Lingle noted that 70 percent of state operatinf funds go to labor costs and that the state had providedd employee wage increase of between 16 and 29 percent over the past four yearws “when our economy was thriving.
”
Wednesday, December 26, 2012
Two SH 130 projects revving to go - Austin Business Journal:
bentlyoupapa1810.blogspot.com
After more than a year in the a proposed development agreement for twomassivwe mixed-use developments along State Highway 130 has come back before the Austibn City Council so more than $3 billion worth of constructiomn can start by next The agreement, which would includ e the formation of a public improvemengt district, or PID, would also represent a significant step for the city towarc land use control in parts of the SH 130 corridot that are in the city’s extraterritorial jurisdiction but outside its city The City Council was scheduled to vote on the developmenty agreement after press time on June 18.
Whispe Valley and Indian Hills, both being developed by Taurusw of TexasHoldings LP, would span more than 2,30p0 acres collectively. Whisper Valley is planned for 2,100 acres at the intersection of State Highwa y 130 and the futurre extension ofBraker Lane. It calls for 2,850 single-family units, 5,000 attached units and more than 2 milliom square feet of officeand
After more than a year in the a proposed development agreement for twomassivwe mixed-use developments along State Highway 130 has come back before the Austibn City Council so more than $3 billion worth of constructiomn can start by next The agreement, which would includ e the formation of a public improvemengt district, or PID, would also represent a significant step for the city towarc land use control in parts of the SH 130 corridot that are in the city’s extraterritorial jurisdiction but outside its city The City Council was scheduled to vote on the developmenty agreement after press time on June 18.
Whispe Valley and Indian Hills, both being developed by Taurusw of TexasHoldings LP, would span more than 2,30p0 acres collectively. Whisper Valley is planned for 2,100 acres at the intersection of State Highwa y 130 and the futurre extension ofBraker Lane. It calls for 2,850 single-family units, 5,000 attached units and more than 2 milliom square feet of officeand
Tuesday, December 25, 2012
Office Depot: CEO out, former NFL president in - South Florida Business Journal:
bertayfybuqutyp.blogspot.com
Nelson said over his four years running Office he believes the company has established a stronged platform from which to pursue growtb and meet the needsof "I firmly believe that the company's best yearsw are ahead," he said. Board member and chairman of the finance Neil R. Austrian, is to serve as interimk chairman and CEO whilwe the board conducts a search for apermanentt replacement. The board has hiredx Heidrick & Struggles to help in the Last month, Office Depot said it expects thir d quarter earnings per share to fall and does not expect to recoverd the shortfall in thefourtyh quarter.
Austrian, who is to relocate from Connecticufto Florida, has been a membe of the Office Depot board sincd the 1998 merger between Office Depot and , where he had been a boarsd member since 1988. His business accomplishments include servicde as president and chief operating officer of the from 1991 toDecemberr 1999. At the NFL, Austrian had executive responsibility for all operatingb departments and business entities of the includingNFL Properties, NFL Films, and Before the NFL, from 1987 to Austrian was a managing directod of Dillon, , an investment banking where he was co-head of the leveragedd buyout group.
Before that, Austrian was chairman and CEOof /The , a joingt venture between and . Priot to that, he was CEO at Doyle, Bernbach, an advertising firm. Austrian currently serves the boarddof ( ) and the . He is on the advisoryt board of , a private equith firm. He is to continue as an Officw Depotboard member, but is to relinquisy his committee memberships during his tenure as interimk chairman and CEO. James Heskett, Officer Depot lead director, said the company appreciatesx Nelson's many contributions over the lastfour years.
"Ws are both fortunate and gratifies to have a person ofNeil Austrian's calibe on our board, who can immediately step into the rolex of chairman and CEO of the compangy while we search for a permanent replacemeny for this position," he said. Austrian said he will be workinhg closely with thesearch "I am excited by the potential in Office Depot and intend to do all I can to maximizer that potential," he said. "In particular, I am committes to continuing the strategic direction that we have establishex to grow the business and improvefinancialk performance." Shares closed up 6 cente to $15.14. The 52-week high was $19.50 on April 5. The 52-week low was $13.
60 on Oct. 22.
Nelson said over his four years running Office he believes the company has established a stronged platform from which to pursue growtb and meet the needsof "I firmly believe that the company's best yearsw are ahead," he said. Board member and chairman of the finance Neil R. Austrian, is to serve as interimk chairman and CEO whilwe the board conducts a search for apermanentt replacement. The board has hiredx Heidrick & Struggles to help in the Last month, Office Depot said it expects thir d quarter earnings per share to fall and does not expect to recoverd the shortfall in thefourtyh quarter.
Austrian, who is to relocate from Connecticufto Florida, has been a membe of the Office Depot board sincd the 1998 merger between Office Depot and , where he had been a boarsd member since 1988. His business accomplishments include servicde as president and chief operating officer of the from 1991 toDecemberr 1999. At the NFL, Austrian had executive responsibility for all operatingb departments and business entities of the includingNFL Properties, NFL Films, and Before the NFL, from 1987 to Austrian was a managing directod of Dillon, , an investment banking where he was co-head of the leveragedd buyout group.
Before that, Austrian was chairman and CEOof /The , a joingt venture between and . Priot to that, he was CEO at Doyle, Bernbach, an advertising firm. Austrian currently serves the boarddof ( ) and the . He is on the advisoryt board of , a private equith firm. He is to continue as an Officw Depotboard member, but is to relinquisy his committee memberships during his tenure as interimk chairman and CEO. James Heskett, Officer Depot lead director, said the company appreciatesx Nelson's many contributions over the lastfour years.
"Ws are both fortunate and gratifies to have a person ofNeil Austrian's calibe on our board, who can immediately step into the rolex of chairman and CEO of the compangy while we search for a permanent replacemeny for this position," he said. Austrian said he will be workinhg closely with thesearch "I am excited by the potential in Office Depot and intend to do all I can to maximizer that potential," he said. "In particular, I am committes to continuing the strategic direction that we have establishex to grow the business and improvefinancialk performance." Shares closed up 6 cente to $15.14. The 52-week high was $19.50 on April 5. The 52-week low was $13.
60 on Oct. 22.
Monday, December 24, 2012
Conference Board: 43% of Internet users now in social networks - Los Angeles Business from bizjournals:
jabire2389.blogspot.com
Of web users, 43 percent use a social networking website, up from 27 percenr last year, the nonprofit globall researchgroup said. in its quarterlu Consumer Internet Barometer. The most popular site is Facebook, used by 78 percen t of social network followed byMySpace (42 LinkedIn (17 percent) and (10 percent). The survehy tracks about 10,000 Internet-equipped householdd nationwide. It said seniors age 55 and older are quicklyg increasing their use ofsocial networks, up from 6 percengt last year to 19 percent this Women are more likely than men to use social-network sited (48 percent versus 38 percent).
The majorityu of users log on at The ConferenceBoard said, with a quarter logging on at and 10 percent connectinh through their phone. More than half say they log on at leasr oncea day. ""Online sociao networks are more than just a fad among theyoungerf generation," Lynn Franco, director of The Conference Board Consumer Researc Center, said in a statementy Tuesday. "They've become an integral part of our personap andprofessional lives. They’re an effective way to keep in toucnwith people, connect with friends and family, and networmk with colleagues. "Social media will also transform marketing as weknow it.
They’rer powerful communication tools, and are becominy an essential part of successfulomarketing strategies." The survey said Facebook is equally populart among men and women, while women are more likely than men (47 percent versus 35 percent) to use MySpace and more men than womehn (21 percent versus 15 use LinkedIn. Users of the micro-blogging site Twittere say their top reasonsfor "tweeting" are to connect with friendsx (42 percent), update their status (29 percent), look for news (26 and for work-related reasons (22 percent).
Of web users, 43 percent use a social networking website, up from 27 percenr last year, the nonprofit globall researchgroup said. in its quarterlu Consumer Internet Barometer. The most popular site is Facebook, used by 78 percen t of social network followed byMySpace (42 LinkedIn (17 percent) and (10 percent). The survehy tracks about 10,000 Internet-equipped householdd nationwide. It said seniors age 55 and older are quicklyg increasing their use ofsocial networks, up from 6 percengt last year to 19 percent this Women are more likely than men to use social-network sited (48 percent versus 38 percent).
The majorityu of users log on at The ConferenceBoard said, with a quarter logging on at and 10 percent connectinh through their phone. More than half say they log on at leasr oncea day. ""Online sociao networks are more than just a fad among theyoungerf generation," Lynn Franco, director of The Conference Board Consumer Researc Center, said in a statementy Tuesday. "They've become an integral part of our personap andprofessional lives. They’re an effective way to keep in toucnwith people, connect with friends and family, and networmk with colleagues. "Social media will also transform marketing as weknow it.
They’rer powerful communication tools, and are becominy an essential part of successfulomarketing strategies." The survey said Facebook is equally populart among men and women, while women are more likely than men (47 percent versus 35 percent) to use MySpace and more men than womehn (21 percent versus 15 use LinkedIn. Users of the micro-blogging site Twittere say their top reasonsfor "tweeting" are to connect with friendsx (42 percent), update their status (29 percent), look for news (26 and for work-related reasons (22 percent).
Saturday, December 22, 2012
Christmas specials: obscure, common, and weird - Boing Boing
ogarawo.wordpress.com
Boing Boing | Christmas specials: obscure, common, and weird Boing Boing Zack Smith has done a deep roundup of the best in Christmas Specials, "with a number of links to unedited versions of lesser-known specials including an unedited MUPPET FAMILY CHRISTMAS with original commercials, a "Shalom Sesame" from Israel with ... |
Friday, December 21, 2012
Stimulus funds lag health woes - South Florida Business Journal:
xszeyluje.blogspot.com
That’s the view of the eight-member panel of industr and medical experts who were invited by the South Florida Businesds Journal to share their views of whatthe $787 billion federal stimulus package means to the healt care sector. What emergeds was a broad discussion of how stimuluas legislation is just one piece of change needesd in an industry that has run financially amok due to an overreliancwon specialists, shortfalls in information technologty and patients who are undereducated.
The Congressionak Budget Office has projected that total nationakl spending on health care could hit 48 percentr of gross domestic product by 2050 if left To solve this problem will takemore money, in the short term. The Obama administration’sz $59 billion for health care stimuluss spendingincludes $19 billion for electronic health care records. Starting in doctors who can show meaningful use of electronixc medical records will get incentives and thosewho don’t will get declining Medicares payments. But, the old-fashioned general practitionefr may also have abig role.
Linda president of the , said health care reform legislation that coincides with the stimulus calls for individuals to have a home locationj or a primarycare provider. She said that allowa for “a community location closs to home and getting more done in a actually high clinicaltechnology That, in turn, will also translate into a less costly the panelists said. Rachel Sapoznik, CEO of , “The reason I believe in the last 25 yeard of seeing health care costw rise dramatically is we have moved away from the primary care physician knowing the patientto specialists.
” Patients go from specialist to specialisy to get each ailmentt treated, but an overvieww of their condition and family history is George Foyo, executive VP and chief administrative officer at , said: “Piggybacking on primary care is absolutelhy right. All these specialties are adding thousands and thousandszof dollars.” One problem is that specialistsx tend to overdo tests because they are so worriex about legal liability issues, he said. Dr. Tony a family practitioner and president of the Browardd CountyMedical Association, said reimbursement issues for tests done in his officwe also frustrate him.
A hospital mighf get $2,000 for a test from Medicare, but he can only get “I don’t think it’s anything that’s going to work unles s we use somecommon sense,” he Foyo said primary care physiciana historically put an emphasis on health prevention efforts, but the lack of it thesr days is contributing to an epidemic of diabetess and heart issues. Baptist Health, which is well knownj for hospitals in Kendall and is pushing forward with outpatient centers and even venturing into Broward One reason is emergency roomsare full, and providin care there is more costly than at an outpatienr center.
“Rather than have patients cometo us, the hospital are going out to them,” Foyo said. Florida’s 51 nonprofit communituy health centers aregetting $28 millioh in competitive grants undee the stimulus legislation, which will also keep patientws out of expensive hospital settings for House Speaker Nancy Pelosi highlighted that durinhg an April visit to a community health center in Hollywooxd that will get $1.
5 million to open a satellite healthg center in West One of the advantages for these typees of centers is that they are funded with the assumptio that their doors will be open to all who which is important because of the number of uninsureed South Floridians, including undocumented foreigners, Quic k said. Dr. Welby, meet Bill Gates Mark administrative partner at the law firm of in said electronic medical records fall under the categoryof “shovel-ready” projects in the worlfd of stimulus – meaning the technologyy exists and can be adopted rapidly to put moneg in the economy.
That’s the view of the eight-member panel of industr and medical experts who were invited by the South Florida Businesds Journal to share their views of whatthe $787 billion federal stimulus package means to the healt care sector. What emergeds was a broad discussion of how stimuluas legislation is just one piece of change needesd in an industry that has run financially amok due to an overreliancwon specialists, shortfalls in information technologty and patients who are undereducated.
The Congressionak Budget Office has projected that total nationakl spending on health care could hit 48 percentr of gross domestic product by 2050 if left To solve this problem will takemore money, in the short term. The Obama administration’sz $59 billion for health care stimuluss spendingincludes $19 billion for electronic health care records. Starting in doctors who can show meaningful use of electronixc medical records will get incentives and thosewho don’t will get declining Medicares payments. But, the old-fashioned general practitionefr may also have abig role.
Linda president of the , said health care reform legislation that coincides with the stimulus calls for individuals to have a home locationj or a primarycare provider. She said that allowa for “a community location closs to home and getting more done in a actually high clinicaltechnology That, in turn, will also translate into a less costly the panelists said. Rachel Sapoznik, CEO of , “The reason I believe in the last 25 yeard of seeing health care costw rise dramatically is we have moved away from the primary care physician knowing the patientto specialists.
” Patients go from specialist to specialisy to get each ailmentt treated, but an overvieww of their condition and family history is George Foyo, executive VP and chief administrative officer at , said: “Piggybacking on primary care is absolutelhy right. All these specialties are adding thousands and thousandszof dollars.” One problem is that specialistsx tend to overdo tests because they are so worriex about legal liability issues, he said. Dr. Tony a family practitioner and president of the Browardd CountyMedical Association, said reimbursement issues for tests done in his officwe also frustrate him.
A hospital mighf get $2,000 for a test from Medicare, but he can only get “I don’t think it’s anything that’s going to work unles s we use somecommon sense,” he Foyo said primary care physiciana historically put an emphasis on health prevention efforts, but the lack of it thesr days is contributing to an epidemic of diabetess and heart issues. Baptist Health, which is well knownj for hospitals in Kendall and is pushing forward with outpatient centers and even venturing into Broward One reason is emergency roomsare full, and providin care there is more costly than at an outpatienr center.
“Rather than have patients cometo us, the hospital are going out to them,” Foyo said. Florida’s 51 nonprofit communituy health centers aregetting $28 millioh in competitive grants undee the stimulus legislation, which will also keep patientws out of expensive hospital settings for House Speaker Nancy Pelosi highlighted that durinhg an April visit to a community health center in Hollywooxd that will get $1.
5 million to open a satellite healthg center in West One of the advantages for these typees of centers is that they are funded with the assumptio that their doors will be open to all who which is important because of the number of uninsureed South Floridians, including undocumented foreigners, Quic k said. Dr. Welby, meet Bill Gates Mark administrative partner at the law firm of in said electronic medical records fall under the categoryof “shovel-ready” projects in the worlfd of stimulus – meaning the technologyy exists and can be adopted rapidly to put moneg in the economy.
Thursday, December 20, 2012
Washington Convention Center Authority wants city to finance $550M hotel - Charlotte Business Journal:
ogarawo.wordpress.com
On May 29 the convention center’s boarde directed CEO Greg O’Dell to seek authority for the sale of as muchas $750 million in bonds to coved the price of the hotel, interest during insurance and other costs. The city had plannerd to finance about 25 percent of the cost of the hotelo througha $187 million tax increment financing package the passeed in 2006, which would have provided $134 million in constructio n costs. The rest was supposed to come from privatwe debt and equitypartners -- a difficulgt find in the frozenm credit markets. O’Dell said developmentr partners and Capstone Development had been dogged but unsuccessfu in their pursuit of investorsfor months.
“They’ve been pursuinb private financing and in this you know, that is very difficult. They’ve spent millionsw of dollars on this project to try to move it It really is shovel ready with the exceptionof O’Dell said. With the city losing convention business, he building a city-owned hotel was the best He envisions it will still containabour 1,100 rooms and be operated by Marriottg had previously said it would be a Marriottg Marquis. O'Dell began briefing members ofthe D.C. Councilo on the board’s proposal Monday. “Our ultimate goal is to get this projec done and get it started as soon as he said.
In particular there is increased pressurd from National Harbor inPrince George’s County, whicu opened last year with a price tag of more than $2 Its developer, the Peterson Cos. announceed May 18 that the WaltDisney Co. had purchasex land to build a 500-room resort hotel on 15 acres there. Convincing the council to approve that amountgof spending, however, will be a tall task for He had been considerex a top candidate to replace Neil Albertr as deputy mayor for planning and economiv development, but a source close to O'Dell says he was offeredd the job and turned it O’Dell would not confirm that, but indicateed he would remain in his current post.
“Thse board and the mayor have every expectation of me completingt all the tasks I have he said. The convention center authority has an independent boarxd and the ability toissue bonds, but O’Dell said the councikl would need to expand its authority to issue bond for the hotel. The council and D.C. Mayor Adrian Fenty just finished closing a budget gapof $800 millionm for fiscal 2010 and the city faces a gap approachin g $1 billion for fiscal 2011. In D.C.
Chief Financial Officer Natwar Gandhu said he will not support issuing that amounrof debt, which he said would immediatelyh violate a 12 percent cap on city debt as a mark of expenditurews the city created on his recommendation last Gandhi is a member of the convention centefr board and attended the Friday “To be very blunt about it I was very clear in sayinhg to them that if you were to borroew $750 million that would put us way beyond the 12 percent cap we have envisionedr for the city...and I cannoy be a party to that,” Gandho said. The CFO said that he “very much” wantz a hotel for the “but I would not agree to a deallike that.
See we made a commitmengt to Wall Street that we would not borrowe more than 12 percent againstour budget.” who has won accolades for helping the city snag a AAA bond ratinvg on Wall Street, said he has already begun re-emphasizing the importance of the debt cap with members of the “I do not think we want to take this We should not borrow any more than we are able to he said. He suggested that O’Dell and his partnerse continue to seek privatefinancing sources. Building a hotelk to accompany the convention center has always been part of the plan for the city but has languishe d from a seriesof complications. Construction on the Waltefr E.
Washington Convention Center, as it was namee in 2007, began in 1998 and openedx fiveyears later. D.C. planned a 1,400-room hotel, but did not controol the needed land. In 2007, the city gainedd final site control after a land swap with developert KingdonGould III. To preventr further delays Mayor Adrian Fenty downsized the project laterthat year, announcing a deal between the Marriott and RLJ Development LLC on a smaller 1,100-room Since then, the development team has also RLJ Development, founded by BET foundert Robert Johnson, was part of the deal Fentyu announced in September 2007 but isn’t any A main driver of the Marriott Senior Vice President Norman Jenkins, left the company late last year to starg Capstone, now a certifiedc business entity that partners with Speaking for the development Jenkins said it was his preference to continu seeking private financing, and said design was entitlements were in place and therew equity partners ready to invest if deb t were available.
Capstones and Quadrangle are separately planning a Courtyard by Marriotg adjacent to the hotel on landthey control. “Wer could still get there, but we got to get the banksd to play and they move at their own he said. Still, he said, “if the city decides to pursue the publif deal we willsupport them.” Jenkins said Johnson’s RLJ, with whicyh Jenkins partnered while at Marriott, pullef out of the deal shortlyh after taking an interest in it.
“Theg studied it hard, spent some resources, but theirt bread and butter is acquisitions and repositioning rather thannew development,” Jenkins Richard Bradley, executive director of the Downtowb Business Improvement District, said it is unfortunatwe that the hotel project ran into the recession but that the city needsx to “bite the bullet” and move the projec forward, citing the opportunity to grow D.C.
as a touris destination, make it a major player in conventions and grow itstax “There’s a whole set of good thingsa about moving this forward,” he
On May 29 the convention center’s boarde directed CEO Greg O’Dell to seek authority for the sale of as muchas $750 million in bonds to coved the price of the hotel, interest during insurance and other costs. The city had plannerd to finance about 25 percent of the cost of the hotelo througha $187 million tax increment financing package the passeed in 2006, which would have provided $134 million in constructio n costs. The rest was supposed to come from privatwe debt and equitypartners -- a difficulgt find in the frozenm credit markets. O’Dell said developmentr partners and Capstone Development had been dogged but unsuccessfu in their pursuit of investorsfor months.
“They’ve been pursuinb private financing and in this you know, that is very difficult. They’ve spent millionsw of dollars on this project to try to move it It really is shovel ready with the exceptionof O’Dell said. With the city losing convention business, he building a city-owned hotel was the best He envisions it will still containabour 1,100 rooms and be operated by Marriottg had previously said it would be a Marriottg Marquis. O'Dell began briefing members ofthe D.C. Councilo on the board’s proposal Monday. “Our ultimate goal is to get this projec done and get it started as soon as he said.
In particular there is increased pressurd from National Harbor inPrince George’s County, whicu opened last year with a price tag of more than $2 Its developer, the Peterson Cos. announceed May 18 that the WaltDisney Co. had purchasex land to build a 500-room resort hotel on 15 acres there. Convincing the council to approve that amountgof spending, however, will be a tall task for He had been considerex a top candidate to replace Neil Albertr as deputy mayor for planning and economiv development, but a source close to O'Dell says he was offeredd the job and turned it O’Dell would not confirm that, but indicateed he would remain in his current post.
“Thse board and the mayor have every expectation of me completingt all the tasks I have he said. The convention center authority has an independent boarxd and the ability toissue bonds, but O’Dell said the councikl would need to expand its authority to issue bond for the hotel. The council and D.C. Mayor Adrian Fenty just finished closing a budget gapof $800 millionm for fiscal 2010 and the city faces a gap approachin g $1 billion for fiscal 2011. In D.C.
Chief Financial Officer Natwar Gandhu said he will not support issuing that amounrof debt, which he said would immediatelyh violate a 12 percent cap on city debt as a mark of expenditurews the city created on his recommendation last Gandhi is a member of the convention centefr board and attended the Friday “To be very blunt about it I was very clear in sayinhg to them that if you were to borroew $750 million that would put us way beyond the 12 percent cap we have envisionedr for the city...and I cannoy be a party to that,” Gandho said. The CFO said that he “very much” wantz a hotel for the “but I would not agree to a deallike that.
See we made a commitmengt to Wall Street that we would not borrowe more than 12 percent againstour budget.” who has won accolades for helping the city snag a AAA bond ratinvg on Wall Street, said he has already begun re-emphasizing the importance of the debt cap with members of the “I do not think we want to take this We should not borrow any more than we are able to he said. He suggested that O’Dell and his partnerse continue to seek privatefinancing sources. Building a hotelk to accompany the convention center has always been part of the plan for the city but has languishe d from a seriesof complications. Construction on the Waltefr E.
Washington Convention Center, as it was namee in 2007, began in 1998 and openedx fiveyears later. D.C. planned a 1,400-room hotel, but did not controol the needed land. In 2007, the city gainedd final site control after a land swap with developert KingdonGould III. To preventr further delays Mayor Adrian Fenty downsized the project laterthat year, announcing a deal between the Marriott and RLJ Development LLC on a smaller 1,100-room Since then, the development team has also RLJ Development, founded by BET foundert Robert Johnson, was part of the deal Fentyu announced in September 2007 but isn’t any A main driver of the Marriott Senior Vice President Norman Jenkins, left the company late last year to starg Capstone, now a certifiedc business entity that partners with Speaking for the development Jenkins said it was his preference to continu seeking private financing, and said design was entitlements were in place and therew equity partners ready to invest if deb t were available.
Capstones and Quadrangle are separately planning a Courtyard by Marriotg adjacent to the hotel on landthey control. “Wer could still get there, but we got to get the banksd to play and they move at their own he said. Still, he said, “if the city decides to pursue the publif deal we willsupport them.” Jenkins said Johnson’s RLJ, with whicyh Jenkins partnered while at Marriott, pullef out of the deal shortlyh after taking an interest in it.
“Theg studied it hard, spent some resources, but theirt bread and butter is acquisitions and repositioning rather thannew development,” Jenkins Richard Bradley, executive director of the Downtowb Business Improvement District, said it is unfortunatwe that the hotel project ran into the recession but that the city needsx to “bite the bullet” and move the projec forward, citing the opportunity to grow D.C.
as a touris destination, make it a major player in conventions and grow itstax “There’s a whole set of good thingsa about moving this forward,” he
Tuesday, December 18, 2012
World Telecom Exchange opens HQ in Tysons - Kansas City Business Journal:
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World Telecom opened a 2,000-square-foot officse recently at 8201 Greensboro Drive, a 361,000-square-foot commerciap building in McLean ownedby D.C.-baseds B.F. Saul and Co. The company, a wholly-owneed subsidiary of Worldwide Telecom Xchange CarrierFZ LLC, a Dubai-based telecommunications investment company focused on aggregatingh wholesale telephony and data traffic in emerginyg markets, is a network services company that provides sales and marketing, billing and outsourced technical supporft services. To start, about six employees will be basedd at the new headquarters with room forfurthed expansion.
World Telecom’s services include call satellite services, Voice over Internet Protocol (VoIP), TDM code division multiple accesse (CDMA), WiMax and network management outsourcing. “WTXC’s success illustratexs that our region remain s a great place to start and growa business,” said Mike a vice president at Rockville-basecd Scheer Partners Inc., who brokeredc the lease. “And the commercial real estate marker is yielding opportunities for business ownersthat haven’t existes since the early part of the decade.
” Scheefr Partners broker Ben Heller, who also worked on the added that the company “evaluated a handful of locationes in McLean and Vienna... decidint on 8201 Greensboro Drive forsevera reasons,” that included its location, “aw very fair market deal” and other appealinhg terms such as a “good cure perioc on defaults.”
World Telecom opened a 2,000-square-foot officse recently at 8201 Greensboro Drive, a 361,000-square-foot commerciap building in McLean ownedby D.C.-baseds B.F. Saul and Co. The company, a wholly-owneed subsidiary of Worldwide Telecom Xchange CarrierFZ LLC, a Dubai-based telecommunications investment company focused on aggregatingh wholesale telephony and data traffic in emerginyg markets, is a network services company that provides sales and marketing, billing and outsourced technical supporft services. To start, about six employees will be basedd at the new headquarters with room forfurthed expansion.
World Telecom’s services include call satellite services, Voice over Internet Protocol (VoIP), TDM code division multiple accesse (CDMA), WiMax and network management outsourcing. “WTXC’s success illustratexs that our region remain s a great place to start and growa business,” said Mike a vice president at Rockville-basecd Scheer Partners Inc., who brokeredc the lease. “And the commercial real estate marker is yielding opportunities for business ownersthat haven’t existes since the early part of the decade.
” Scheefr Partners broker Ben Heller, who also worked on the added that the company “evaluated a handful of locationes in McLean and Vienna... decidint on 8201 Greensboro Drive forsevera reasons,” that included its location, “aw very fair market deal” and other appealinhg terms such as a “good cure perioc on defaults.”
Monday, December 17, 2012
Blurb hires boss for new Europe HQ - Silicon Valley / San Jose Business Journal:
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The San Francisco founded in 2004, hired Wisler as General Manager of Blurb Blurb started business in 2006 and begab working with a European printer inJuly 2007. "We have been doing business internationally for some time said CEO and founderEileen Gittins, "we have a tremendouws opportunity in Europe." Customers can downloadf Blurb's BookSmart software to createe their own books; printing costs start at $12.95 and increas e with the size of the book. The company printede 90,000 titles in 2007. Wislerd joins Blurb after workinb as European Director of KodakGallery (formerly and as a strategist for . "Joining Blurb is an awesome opportunitty ...
I'm excited to introduce Blurb to a broadefrEuropean audience," he said. In 2007, international salee accounted for 17 percent ofthe company'z revenue, up from 2.5 percent. Blurg took in $10 million in 2007. The company broughr in $14 million in two rounds of venturee funding between April 2005 and August with anadditional $2.5 million of debt financingt in 2007. Major investors include and . Laterd this year, Blurb will introduce Blurb Business-to-Businesds (B3) internationally, which it said will give businessess greater color control and soft proofingof images.
The San Francisco founded in 2004, hired Wisler as General Manager of Blurb Blurb started business in 2006 and begab working with a European printer inJuly 2007. "We have been doing business internationally for some time said CEO and founderEileen Gittins, "we have a tremendouws opportunity in Europe." Customers can downloadf Blurb's BookSmart software to createe their own books; printing costs start at $12.95 and increas e with the size of the book. The company printede 90,000 titles in 2007. Wislerd joins Blurb after workinb as European Director of KodakGallery (formerly and as a strategist for . "Joining Blurb is an awesome opportunitty ...
I'm excited to introduce Blurb to a broadefrEuropean audience," he said. In 2007, international salee accounted for 17 percent ofthe company'z revenue, up from 2.5 percent. Blurg took in $10 million in 2007. The company broughr in $14 million in two rounds of venturee funding between April 2005 and August with anadditional $2.5 million of debt financingt in 2007. Major investors include and . Laterd this year, Blurb will introduce Blurb Business-to-Businesds (B3) internationally, which it said will give businessess greater color control and soft proofingof images.
Sunday, December 16, 2012
Phoenix attorney Kaites, former Expos, Nationals president part of Reinsdorf bid for Coyotes - Boston Business Journal:
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Reinsdorf, who owns the Chicago Bullzs andWhite Sox, is the lead name on the $148 million offee for the team, which is in Chapter 11 bankruptcg reorganization. Canadian billionaire Jim Balsillire earlier madea $213 million offer to buy the hockey team and move it to Ontario. Reinsdorf put in his bid Fridaty alongwith Kaites. Bankruptcy court filings say CEO ofNew York-based Sports Properties Acquisition will join the Kaites is an attorney with LLC in Phoeni and a principal with the Phoenix-based lobbying firm .
The firm countsx Reinsdorf, the Gila River Indian Community, Magellan Healthn Services and the Professionap Firefighters of Arizona union amongits clients, according to the Arizonsa Secretary of State’s Office. Kaites served as a prosecutore in MaricopaCounty Attorney’s office beford unsuccessfully running for state attorney general in 1998. He also servecd in the Arizona Legislature and worked as a weathermahnon KPNX-TV Channel 12. Kaitew has been a political allyof U.S. Sen. John McCain, serving on his 2008 Arizonas presidential campaign leadership teamin Arizona. Tavares served as presidentr of the Montreal Expos during the time when the baseball team relocate toWashington D.
C. and became the
Reinsdorf, who owns the Chicago Bullzs andWhite Sox, is the lead name on the $148 million offee for the team, which is in Chapter 11 bankruptcg reorganization. Canadian billionaire Jim Balsillire earlier madea $213 million offer to buy the hockey team and move it to Ontario. Reinsdorf put in his bid Fridaty alongwith Kaites. Bankruptcy court filings say CEO ofNew York-based Sports Properties Acquisition will join the Kaites is an attorney with LLC in Phoeni and a principal with the Phoenix-based lobbying firm .
The firm countsx Reinsdorf, the Gila River Indian Community, Magellan Healthn Services and the Professionap Firefighters of Arizona union amongits clients, according to the Arizonsa Secretary of State’s Office. Kaites served as a prosecutore in MaricopaCounty Attorney’s office beford unsuccessfully running for state attorney general in 1998. He also servecd in the Arizona Legislature and worked as a weathermahnon KPNX-TV Channel 12. Kaitew has been a political allyof U.S. Sen. John McCain, serving on his 2008 Arizonas presidential campaign leadership teamin Arizona. Tavares served as presidentr of the Montreal Expos during the time when the baseball team relocate toWashington D.
C. and became the
Friday, December 14, 2012
Skiing to a Remote Retreat in the Canadian Rockies - New York Times
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New York Times | Skiing to a Remote Retreat in the Canadian Rockies New York Times IN a secluded valley deep in the Canadian Rockies, miles from any road and even farther from the nearest chairlift, sits a luxurious cabin. Inside there's a sauna, a crackling fire and two chefs laboring in a fully stocked kitchen; outside, trackless ... |
Thursday, December 13, 2012
McDermott shown 'Mercy' - Variety
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McDermott shown 'Mercy' Variety After getting praise for his work on the first season of "American Horror Story," Dylan McDermott is returning to the genre with a role in the fantasy horror project "Mercy" for Universal Pictures and Blumhouse Productions. Pic is based on a Stephen ... |
Wednesday, December 12, 2012
Winning case - San Francisco Business Times:
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Last year the U.S. Supreme Court rulecd that states mustallow out-of-state wineries to ship directly to consumers and retailers if in-state winerie are permitted to do so. That has led a number of statesz to relaxrestrictions -- including huge ones like New York and Texads -- opening up new markets for directf shipping by Northern California producers. "We're seeing the biggest changee in the wine industry since Prohibition as a result of that saidKathleen Schumacher-Hoertkorn, CEO of the Napa-basedx wine shipping specialist.
It expects to ship wine wortjh morethan $110 million this almost twice last year's total of $60 The Supreme Court ruling made both the generap public and Northern Californiq wineries more aware of the option of shipping wine she said. "We're seeing 100 percent growth, and our customersw are averaging 40percent growth," due to the opening up of many new stat e markets and greater awareness of the availabilityt of California wines nationally.
New Vine provides a numberr ofrelated services, such as direct channe l marketing and complete fulfillment services, including dealin g with sales and excise taxes, permits, shipmentt reports, and volume and customer-agde reporting requirements, along with dealing with other domestic compliancd issues. Even after the ruling, the U.S. picture is stilll a crazy quiltof regulations, said Schumacher-Hoertkorn, whosde 5-year-old company now ships to 45 "If you shipped to every possibls state directly, that (would filing 598 reports" annually that are requireds by regulators. "And next year, it will be at leas t 614." That complexity worka in New Vine's favor.
The privately held company is positioningy itself to serve wineriesthat aren'tg large enough to face those kind of daunting logistics themselves or that choose to outsourcre this end of the business. It's invested $20 million in software and $10 million on a 130,000-square-foot warehouse in American Canyon, where it temporarily stores wines from dozens ofCaliforni wineries. Its own annual revenure is morethan $10 million, although officials declined to be more Investors in New Vine include Menlo Park'sw and Los Altos-based Clients include cult winerie like Araujo Estate Wines, Paul Hobbs Winery and Hanzell Vineyards, Schumacher-Hoertkorn said.
New Vine has 137 winerhy clients, most of them in Northern California and many of them cult winerieswith high-pricer wines and demanding clienteles. Within the United shipments can go direct to retailerasor consumers, in states that allow such shipments. Rob Fisher, a partner in family-owned in Santa said the winery has been usin New Vine sinceearly 2005, both to ensure full compliance with all statse and federal requirements and to improve speed and efficiency. "It'ss working very well," Fisher said, especially when dealing with comples data requirements in New York and where many ofthe winery'xs customers are located.
"They're really a leader in what they'rw doing," said Fisher, whose winery producesw about 5,000 cases per year of high-end Bordeaux varietala and chardonnay, in the $50 to $125 per bottld range. "The beauty of what they'red offering is that it's the whole package." Other clientd include several publicly held companieethat don't want their names used, and variou wineries' wine clubs and tasting rooms. And customers such as Clos du , Dry Creei Vineyard, J Vineyards Winery, and a variety of up-and-coming boutique wineries generally want the focus ontheird products, not their shipping and fulfillment partner.
"It's part of our job to remaim inthe background," said "That's part of our value added."
Last year the U.S. Supreme Court rulecd that states mustallow out-of-state wineries to ship directly to consumers and retailers if in-state winerie are permitted to do so. That has led a number of statesz to relaxrestrictions -- including huge ones like New York and Texads -- opening up new markets for directf shipping by Northern California producers. "We're seeing the biggest changee in the wine industry since Prohibition as a result of that saidKathleen Schumacher-Hoertkorn, CEO of the Napa-basedx wine shipping specialist.
It expects to ship wine wortjh morethan $110 million this almost twice last year's total of $60 The Supreme Court ruling made both the generap public and Northern Californiq wineries more aware of the option of shipping wine she said. "We're seeing 100 percent growth, and our customersw are averaging 40percent growth," due to the opening up of many new stat e markets and greater awareness of the availabilityt of California wines nationally.
New Vine provides a numberr ofrelated services, such as direct channe l marketing and complete fulfillment services, including dealin g with sales and excise taxes, permits, shipmentt reports, and volume and customer-agde reporting requirements, along with dealing with other domestic compliancd issues. Even after the ruling, the U.S. picture is stilll a crazy quiltof regulations, said Schumacher-Hoertkorn, whosde 5-year-old company now ships to 45 "If you shipped to every possibls state directly, that (would filing 598 reports" annually that are requireds by regulators. "And next year, it will be at leas t 614." That complexity worka in New Vine's favor.
The privately held company is positioningy itself to serve wineriesthat aren'tg large enough to face those kind of daunting logistics themselves or that choose to outsourcre this end of the business. It's invested $20 million in software and $10 million on a 130,000-square-foot warehouse in American Canyon, where it temporarily stores wines from dozens ofCaliforni wineries. Its own annual revenure is morethan $10 million, although officials declined to be more Investors in New Vine include Menlo Park'sw and Los Altos-based Clients include cult winerie like Araujo Estate Wines, Paul Hobbs Winery and Hanzell Vineyards, Schumacher-Hoertkorn said.
New Vine has 137 winerhy clients, most of them in Northern California and many of them cult winerieswith high-pricer wines and demanding clienteles. Within the United shipments can go direct to retailerasor consumers, in states that allow such shipments. Rob Fisher, a partner in family-owned in Santa said the winery has been usin New Vine sinceearly 2005, both to ensure full compliance with all statse and federal requirements and to improve speed and efficiency. "It'ss working very well," Fisher said, especially when dealing with comples data requirements in New York and where many ofthe winery'xs customers are located.
"They're really a leader in what they'rw doing," said Fisher, whose winery producesw about 5,000 cases per year of high-end Bordeaux varietala and chardonnay, in the $50 to $125 per bottld range. "The beauty of what they'red offering is that it's the whole package." Other clientd include several publicly held companieethat don't want their names used, and variou wineries' wine clubs and tasting rooms. And customers such as Clos du , Dry Creei Vineyard, J Vineyards Winery, and a variety of up-and-coming boutique wineries generally want the focus ontheird products, not their shipping and fulfillment partner.
"It's part of our job to remaim inthe background," said "That's part of our value added."
Monday, December 10, 2012
Sunday, December 9, 2012
New Aquatech division builds on water treatment work - Pittsburgh Business Times:
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Aquatech supplies industrial water and wastewateer treatment systemsand services. Its ARIES divisiom will take on engineering work from other companies and provide softwarw designand consultation. "Everyone is lookinbg for engineers," said Briabn Trossman, manager of businessd developmentfor ARIES. "We were lookinv at our core competencies and thoughty we could generate a new stream of Trossmansaid ARIES, which stands for Aquatech robust integrated engineering services, should be able to pick up work from engineeringf firms that are struggling to fill theie engineer ranks or looking to speed up thei processes. Aquatech had revenue of about $150 millioh in 2007.
Trossman expects ARIEe to account for 20 percentof Aquatech'd business by 2012. Trossman said revenue from the company's core businesas continues to grow, but ARIES will help accelerated totalrevenue growth. Aquatech began forminb ARIES last fall but recently finalized its structureand First, the division provides outsourced engineering wherein the company's subsidiary office in India, can pick up design and draftingt work from U.S. firms. "W e do it at off-shore which are about half of U.S. rates, depending on the type of Trossman said.
Second, ARIES creates customj software for companies that continually designm the same pieceof equipment, such as a pump or conveyo r belt. The software, which is basedx on software Aquatech creates for its internal useyears ago, lets companies entedr product data and parameters and quickl y generate fabrication drawings. Third, ARIES will help clientse install and customize a line of software called SmartPlangt madeby Atlanta-based Given the demanrd for engineers, outsourced services may be attractive to some companies, particularlhy those with large amounts of design and drafting work, said Dave president and CEO of , based in Washington's However, Moniot said his process engineerinb company isn't interested in that option.
"I'm not a big fan of outsourciny any intellectual capitallike that," Monioft said. "I'd rather invest in the people here, and if that meansx I have to pay more and adjustg salaries twicea year, I'll adjus t salaries twice a year." The markef for digital tools in the engineerinbg and manufacturing industries, particularly the compledx systems that manage lots of data across an organization, is said Jim Phelan, spokesman for Texas-based .
The market for simplefr systems, such as product design software, is more saturated, Phelan said, and thus growinv at a slower "It's a huge market and still generatess a lot of revenu e through additional salesand maintenance, but that aspecf is growing more slowly," he
Aquatech supplies industrial water and wastewateer treatment systemsand services. Its ARIES divisiom will take on engineering work from other companies and provide softwarw designand consultation. "Everyone is lookinbg for engineers," said Briabn Trossman, manager of businessd developmentfor ARIES. "We were lookinv at our core competencies and thoughty we could generate a new stream of Trossmansaid ARIES, which stands for Aquatech robust integrated engineering services, should be able to pick up work from engineeringf firms that are struggling to fill theie engineer ranks or looking to speed up thei processes. Aquatech had revenue of about $150 millioh in 2007.
Trossman expects ARIEe to account for 20 percentof Aquatech'd business by 2012. Trossman said revenue from the company's core businesas continues to grow, but ARIES will help accelerated totalrevenue growth. Aquatech began forminb ARIES last fall but recently finalized its structureand First, the division provides outsourced engineering wherein the company's subsidiary office in India, can pick up design and draftingt work from U.S. firms. "W e do it at off-shore which are about half of U.S. rates, depending on the type of Trossman said.
Second, ARIES creates customj software for companies that continually designm the same pieceof equipment, such as a pump or conveyo r belt. The software, which is basedx on software Aquatech creates for its internal useyears ago, lets companies entedr product data and parameters and quickl y generate fabrication drawings. Third, ARIES will help clientse install and customize a line of software called SmartPlangt madeby Atlanta-based Given the demanrd for engineers, outsourced services may be attractive to some companies, particularlhy those with large amounts of design and drafting work, said Dave president and CEO of , based in Washington's However, Moniot said his process engineerinb company isn't interested in that option.
"I'm not a big fan of outsourciny any intellectual capitallike that," Monioft said. "I'd rather invest in the people here, and if that meansx I have to pay more and adjustg salaries twicea year, I'll adjus t salaries twice a year." The markef for digital tools in the engineerinbg and manufacturing industries, particularly the compledx systems that manage lots of data across an organization, is said Jim Phelan, spokesman for Texas-based .
The market for simplefr systems, such as product design software, is more saturated, Phelan said, and thus growinv at a slower "It's a huge market and still generatess a lot of revenu e through additional salesand maintenance, but that aspecf is growing more slowly," he
Saturday, December 8, 2012
Cousins Chairman Tom Bell retiring - Wichita Business Journal:
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Gellerstedt will remain president, the Atlanta-based real estate investment trustf said. Bell, who turns 60 this year, becamse Cousins CEO in January 2002 and chairmanm inDecember 2006. Under his the company sold nearly $3 billion in assete during the market’s peak for specia dividends totaling $12.62 a share. “There is neveer a perfect time to leave a company as respected and admiresdas Cousins, but I’m confident that afte r seven and a half years as chief executive, the companhy is ready for new leadership and renewed energy,” Bell said in a “My decision to step aside now allows our extremelt talented management team under the guidance of Larrt to make important decisions that will prepar e Cousins for the next phase of the real estat e cycle.
” Bell remains deeplgy involved in Atlanta’s civic life. He has been instrumentapl in the effort to save from financial The movement began over dinner in early 2007 when the tables conversationof A.D. Correll, former CEO of , and Bell turned to Through their leadership and donationsfrom , ’s $5 million, and . "o thought he had big shoes to fill when he took since he was replacing Tom saidHal Barry, founder of Barry Real Estate Cos. "Sinc e then, he's done an absolutely fantastic job forthat company. And what he'sw done for the city and metro Atlanta have just been overthe top.
I hope he doesn' t give up some of his effort that have meant so much to theAtlantaa community. I just admire the heck out of Gellerstedt, 53, came to Cousins CUZ) when the REIT bought his , in June 2005. Gellerstedt served as chairman and chief executive officer of the from 1986to 1998. In 1998, aftedr the sale of Beers to , he was electefd chairman and CEOof , a packaging and printed office products company. In 2000, Gellerstedtg became president and chief operating officerof , an urbamn mixed-use development company. He went on to found The Gellersted t Groupin 2003. In othee company news, Cousins’ board of directorws named S.
Taylor Glover non-executives chairman of the board. Glover joined the Cousins board inFebruaruy 2005. He is currently the president and chieft executive officerof
Gellerstedt will remain president, the Atlanta-based real estate investment trustf said. Bell, who turns 60 this year, becamse Cousins CEO in January 2002 and chairmanm inDecember 2006. Under his the company sold nearly $3 billion in assete during the market’s peak for specia dividends totaling $12.62 a share. “There is neveer a perfect time to leave a company as respected and admiresdas Cousins, but I’m confident that afte r seven and a half years as chief executive, the companhy is ready for new leadership and renewed energy,” Bell said in a “My decision to step aside now allows our extremelt talented management team under the guidance of Larrt to make important decisions that will prepar e Cousins for the next phase of the real estat e cycle.
” Bell remains deeplgy involved in Atlanta’s civic life. He has been instrumentapl in the effort to save from financial The movement began over dinner in early 2007 when the tables conversationof A.D. Correll, former CEO of , and Bell turned to Through their leadership and donationsfrom , ’s $5 million, and . "o thought he had big shoes to fill when he took since he was replacing Tom saidHal Barry, founder of Barry Real Estate Cos. "Sinc e then, he's done an absolutely fantastic job forthat company. And what he'sw done for the city and metro Atlanta have just been overthe top.
I hope he doesn' t give up some of his effort that have meant so much to theAtlantaa community. I just admire the heck out of Gellerstedt, 53, came to Cousins CUZ) when the REIT bought his , in June 2005. Gellerstedt served as chairman and chief executive officer of the from 1986to 1998. In 1998, aftedr the sale of Beers to , he was electefd chairman and CEOof , a packaging and printed office products company. In 2000, Gellerstedtg became president and chief operating officerof , an urbamn mixed-use development company. He went on to found The Gellersted t Groupin 2003. In othee company news, Cousins’ board of directorws named S.
Taylor Glover non-executives chairman of the board. Glover joined the Cousins board inFebruaruy 2005. He is currently the president and chieft executive officerof
Thursday, December 6, 2012
DHL moving sorting operations to Cincinnati - Business Courier of Cincinnati:
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Jonathan Baker, a spokesman for the German-ownedf parcel delivery service, said the move back to the Cincinnati area will mean the creationh of about180 full-time and 646 part-timer jobs in the region. DHL employs 350 hourly workerd and 130 management and professional staff at the Wilmington Air where thousands of jobs have disappeared as the company scale d back its services with cargo carriet Baker said all DHL employees in the southwest Ohio city will be offeredx positions at theexpanded Cincinnati-area The company also plans to offer jobs to current and forme ABX employees, more than 3,200o who have lost their jobs in the past severa l months.
The latest wave of cuts for ABX, file with the Thursday, will cost 518 jobs and end byMay 15. As many as 8,000 jobs are expected to disappeadwith DHL’s exit from the Clintobn County community. Gov. Ted Strickland in a joinft statement with other Ohio officials on Fridaycallex DHL’s announcement “another unfortunate blow to the peoples of southwest Ohio.” Baket said the transition from the Wilmingtob Air Park to Cincinnati should be completed by mid- to late For Wilmington, that will mean a phased-in draw down of At DHL’s existing facility in Erlanger, Ky., the companyh employs about 200 back-office employees, Baketr said.
The company moved most its operationa out of Erlanger when it acquired Airborne Express in 2003 and consolidatex its sorting hubwith Airborne’xs hub in Wilmington. At the same time, it spun off Airborne’ws air cargo operations into ABX, which has since then operatef the Wilmington hub for DHLundert contract. DHL announced last year that it was quitting its loss-making domestic U.S. parcel delivery businesss to concentrate on internationalparcel deliveries. It will handle internationaol parcel shipments into and out of theUnitefd States, but it will no longer handle domestiv shipments within the country.
Baker said ABX and Astar Air Cargko Holdings, another company that operates in continue to run cargo shipments on domestic legs for parcelz that come in throughinternationapl airlines. Those contracts, which run through August 2010 andDecember respectively, won’t be affected by the move to Cincinnati, he ABX in a release Friday said when DHL is phased out of Wilmingtonm later this year, its flights under an air transport service accord with DHL will begin operating out of the Cincinnati DHL was granted a nearly $2 millionn incentive package about a month ago from the Kentuckh Economic Development Finance Authorit Board for the expansion, which wouldf entail an estimated $13 million equipmentg investment.
The company at the time was lookinfg at a variety of alternativesd in addition to the northern Kentucky site. That effort came after negotiations to shift the workto UPS’zs hub in Louisville, DHL’s initial fell through.
Jonathan Baker, a spokesman for the German-ownedf parcel delivery service, said the move back to the Cincinnati area will mean the creationh of about180 full-time and 646 part-timer jobs in the region. DHL employs 350 hourly workerd and 130 management and professional staff at the Wilmington Air where thousands of jobs have disappeared as the company scale d back its services with cargo carriet Baker said all DHL employees in the southwest Ohio city will be offeredx positions at theexpanded Cincinnati-area The company also plans to offer jobs to current and forme ABX employees, more than 3,200o who have lost their jobs in the past severa l months.
The latest wave of cuts for ABX, file with the Thursday, will cost 518 jobs and end byMay 15. As many as 8,000 jobs are expected to disappeadwith DHL’s exit from the Clintobn County community. Gov. Ted Strickland in a joinft statement with other Ohio officials on Fridaycallex DHL’s announcement “another unfortunate blow to the peoples of southwest Ohio.” Baket said the transition from the Wilmingtob Air Park to Cincinnati should be completed by mid- to late For Wilmington, that will mean a phased-in draw down of At DHL’s existing facility in Erlanger, Ky., the companyh employs about 200 back-office employees, Baketr said.
The company moved most its operationa out of Erlanger when it acquired Airborne Express in 2003 and consolidatex its sorting hubwith Airborne’xs hub in Wilmington. At the same time, it spun off Airborne’ws air cargo operations into ABX, which has since then operatef the Wilmington hub for DHLundert contract. DHL announced last year that it was quitting its loss-making domestic U.S. parcel delivery businesss to concentrate on internationalparcel deliveries. It will handle internationaol parcel shipments into and out of theUnitefd States, but it will no longer handle domestiv shipments within the country.
Baker said ABX and Astar Air Cargko Holdings, another company that operates in continue to run cargo shipments on domestic legs for parcelz that come in throughinternationapl airlines. Those contracts, which run through August 2010 andDecember respectively, won’t be affected by the move to Cincinnati, he ABX in a release Friday said when DHL is phased out of Wilmingtonm later this year, its flights under an air transport service accord with DHL will begin operating out of the Cincinnati DHL was granted a nearly $2 millionn incentive package about a month ago from the Kentuckh Economic Development Finance Authorit Board for the expansion, which wouldf entail an estimated $13 million equipmentg investment.
The company at the time was lookinfg at a variety of alternativesd in addition to the northern Kentucky site. That effort came after negotiations to shift the workto UPS’zs hub in Louisville, DHL’s initial fell through.
Wednesday, December 5, 2012
The FAA is on recruiting blitz despite the down economy - San Antonio Business Journal:
ogarawo.wordpress.com
Air traffic controllers have almost always been inshor supply, but that shortage coul d soon be exacerbated over the next few yearss if recruitment efforts are unabls to fill the slots that will soon be vacatexd by controllers hitting their mandatory retirement age. Tom San Antonio air traffic manager and Lone Stardistricft manager, says there is a nationwide effort currently under way to attract more recruit s as the FAA prepares to replacew the wave of controllers who joinex the agency in the wake of President Ronald Reagan’s decision to fire the striking air traffidc controllers in 1981.
“This is a greaty opportunity for people interested in aviation to put theid names inthe hat,” Bowmanb says. The FAA opened a public bid for air traffic controllers onJuly 6, allowing interestefd parties to fill out an onliner job application. To qualify for employment, an applicant must be 18 yeareof age, have a high school diplomaw or GED, and at least three years of progressived work experience and/or college Qualified applicants are invited to take an aptitude test to determinde whether the FAA will consider them for employment.
Air traffic controllers have almost always been inshor supply, but that shortage coul d soon be exacerbated over the next few yearss if recruitment efforts are unabls to fill the slots that will soon be vacatexd by controllers hitting their mandatory retirement age. Tom San Antonio air traffic manager and Lone Stardistricft manager, says there is a nationwide effort currently under way to attract more recruit s as the FAA prepares to replacew the wave of controllers who joinex the agency in the wake of President Ronald Reagan’s decision to fire the striking air traffidc controllers in 1981.
“This is a greaty opportunity for people interested in aviation to put theid names inthe hat,” Bowmanb says. The FAA opened a public bid for air traffic controllers onJuly 6, allowing interestefd parties to fill out an onliner job application. To qualify for employment, an applicant must be 18 yeareof age, have a high school diplomaw or GED, and at least three years of progressived work experience and/or college Qualified applicants are invited to take an aptitude test to determinde whether the FAA will consider them for employment.
Tuesday, December 4, 2012
Drexel University hires recruitment director - Sacramento Business Journal:
ykyhola.blogspot.com
Nancy Thompson brings 18 years of marketingv and recruitment experience tothe post, Drexe l officials said in a news release Thursday. Thompson was most recently the director of graduate external program s at CaliforniaState University, Sacramento. She also served as the directord of the working professional mastersa of business administration programm at the Universityof California, Davis, and was instrumentall in getting the progra established in San Ramon. Thompson also was site coordinatotr for the degree completion programn at San JoseChristian College’s Rocklim campus, now .
“I am delighted to welcomee Nancy Thompson to theDrexel family,” Carl Oxholm III said in a news release. He is Drexel’as senior vice president, dean and chief executive officer of the SacramentoGraduates Center. “Nancy’s career in higher education has been focused on theworkingv adult,” he said. “She realizes first-hand how innovative Drexel’es approaches are, and how they will ensure that our students who face challengingf personal and professional obligations have the maximum opportunity to succeed in anationally top-ranked master’s program.
” The 20,000-square-foor center opened in January at One Capitolk Mall, and offers 10 master’s programs and one doctoral program. Its initial master’s programs include business administration, higher information systems, and library and information science. In Drexel will add six master’s programs in: engineering management; nursingy education and faculty role; nursin leadership in health systemsz management; public health; science of human resource development; and a doctorate in higher education administration.
Nancy Thompson brings 18 years of marketingv and recruitment experience tothe post, Drexe l officials said in a news release Thursday. Thompson was most recently the director of graduate external program s at CaliforniaState University, Sacramento. She also served as the directord of the working professional mastersa of business administration programm at the Universityof California, Davis, and was instrumentall in getting the progra established in San Ramon. Thompson also was site coordinatotr for the degree completion programn at San JoseChristian College’s Rocklim campus, now .
“I am delighted to welcomee Nancy Thompson to theDrexel family,” Carl Oxholm III said in a news release. He is Drexel’as senior vice president, dean and chief executive officer of the SacramentoGraduates Center. “Nancy’s career in higher education has been focused on theworkingv adult,” he said. “She realizes first-hand how innovative Drexel’es approaches are, and how they will ensure that our students who face challengingf personal and professional obligations have the maximum opportunity to succeed in anationally top-ranked master’s program.
” The 20,000-square-foor center opened in January at One Capitolk Mall, and offers 10 master’s programs and one doctoral program. Its initial master’s programs include business administration, higher information systems, and library and information science. In Drexel will add six master’s programs in: engineering management; nursingy education and faculty role; nursin leadership in health systemsz management; public health; science of human resource development; and a doctorate in higher education administration.
Friday, November 30, 2012
City Council committee OKs airport parking contract - Atlanta Business Chronicle:
ogarawo.wordpress.com
The panel voted 3-2 to send a resolution awarding a three-year contract to manage parking operations at the world’zs busiest airport to , which also oversees parking at Chicagko O’Hare International and 60 airports nationwide. If the full city counci approves the resolutionon Monday, the contract would run for thre e years with a two-year renewal optiohn at the city’s discretion. Parking is the airport’s most lucrative revenue Hartsfield-Jackson receives about $85 millio n a year from parkinbg revenue, and the parking management company getsabout $23.4 million in pre-approved operating expenses, plus managemenft fees.
Atlanta Business Chronicle first reportex the forthe contract. Standar competed with four other parking management companiee forthe contract, including , which has held the contractf for most of the past two decades, and -backed ATL Airpark. The selection process was controversial. Airport officials threw out a firstr set of bidslast year, acknowledging that it wasn’t conducte properly, resulting in a second rounrd of bidding. On representatives of several losing bidders complained to the committee that StandardsParking Corp.
received the highest score fromthe airport’a evaluation team even though the proposed operating budgeft it submitted was highert than some of the other “There ought to be, from this council, a demane for a greater understanding of how these criteriaq were applied,” said Kevin Ross, representing Parkinfg Company of America. But airport General Manager Ben DeCostwa said the selection committee went beyond financial numbersw to consider such factors aseach bidder’s expertisre and quality.
When taking the full rangwe of qualificationsinto account, he said Standard receivedd the highest score by a wide The bidding process still left two committee members dissatisfied enougyh to attempt to delayy moving forward with the contract. But a narrows majority of the panel voted to send the resolution to thefull
The panel voted 3-2 to send a resolution awarding a three-year contract to manage parking operations at the world’zs busiest airport to , which also oversees parking at Chicagko O’Hare International and 60 airports nationwide. If the full city counci approves the resolutionon Monday, the contract would run for thre e years with a two-year renewal optiohn at the city’s discretion. Parking is the airport’s most lucrative revenue Hartsfield-Jackson receives about $85 millio n a year from parkinbg revenue, and the parking management company getsabout $23.4 million in pre-approved operating expenses, plus managemenft fees.
Atlanta Business Chronicle first reportex the forthe contract. Standar competed with four other parking management companiee forthe contract, including , which has held the contractf for most of the past two decades, and -backed ATL Airpark. The selection process was controversial. Airport officials threw out a firstr set of bidslast year, acknowledging that it wasn’t conducte properly, resulting in a second rounrd of bidding. On representatives of several losing bidders complained to the committee that StandardsParking Corp.
received the highest score fromthe airport’a evaluation team even though the proposed operating budgeft it submitted was highert than some of the other “There ought to be, from this council, a demane for a greater understanding of how these criteriaq were applied,” said Kevin Ross, representing Parkinfg Company of America. But airport General Manager Ben DeCostwa said the selection committee went beyond financial numbersw to consider such factors aseach bidder’s expertisre and quality.
When taking the full rangwe of qualificationsinto account, he said Standard receivedd the highest score by a wide The bidding process still left two committee members dissatisfied enougyh to attempt to delayy moving forward with the contract. But a narrows majority of the panel voted to send the resolution to thefull
Wednesday, November 28, 2012
Erickson gives up on Hilliard project - Memphis Business Journal:
shemwellmygalej1291.blogspot.com
notified the city of Hilliard last Thursday that the foreclosurew filing means thedeveloper won't open the unfinishesd $34 million first phase and will no longe manage the 80-acre property. The decisionm ends more than two months of wrangling over continues financing of the Hickory Chas project between the developed andthe lenders. That financial issue had promptedd Erickson to cease construction on the first 145 units of the complez and community center the week ofMay 12. The company’se announcement comes as it from its goal ofinvestingh $12 billion to develop 50 communitiews over the next decade.
That includee scrapping plans to build senior housing facilitiezs infive states, including Ohio. Beforee Erickson halted construction, would-be residents had been told they coulf move in by late Erickson had planned to deliver 833 residential unitwthrough 2013. “We have been informedx by the lender for our Hickoryy Chase project that despite out best efforts to resolvwfinancial issues, the lender has commenced a foreclosure proceeding that will resulft in us not being able to open Hickory Chas and end our management of the property,” the developer wrote in its letter. “We are deeplyg disappointed we were not able to reachja resolution.
” The deposits of prospectiver residents are not affected by the the company said, and it will offef refunds. The company said in June that it woul close its sales center in late July pending resolutio n of thefinancial issues. A company spokesman offered no additional commenft beyond the text ofthe letter. A KeyBank spokeswomam also was not immediately available for comment on thefinancing consortium’s plans for the property. The lendeer had extended a $90 million construction loan for the projec t inApril 2008, according to publiv records.
In a news release, Hilliard said it had not riskede city money inthe $17 million of road improvements to Britto Parkway, Anson Drive and Leap Road. Brittoj Parkway opened in January while construction continues on the Anson Those projects were financed through a community development authority that funded the project throughbond financing. Thos bonds were expected to be paid off through rising property taxes generated as the retirement community’s buildings get completed. Hilliard Finance Director Michelle Kelly-Underwoos said the city’s current operating budgets also did not rely on tax revenuew generated bythe project.
“In short, we were not countintg money from Ericksonuntil (the retirement was built,” Kelly-Underwood said in the “and this unfortunate development showxs the wisdom of taking that conservative
notified the city of Hilliard last Thursday that the foreclosurew filing means thedeveloper won't open the unfinishesd $34 million first phase and will no longe manage the 80-acre property. The decisionm ends more than two months of wrangling over continues financing of the Hickory Chas project between the developed andthe lenders. That financial issue had promptedd Erickson to cease construction on the first 145 units of the complez and community center the week ofMay 12. The company’se announcement comes as it from its goal ofinvestingh $12 billion to develop 50 communitiews over the next decade.
That includee scrapping plans to build senior housing facilitiezs infive states, including Ohio. Beforee Erickson halted construction, would-be residents had been told they coulf move in by late Erickson had planned to deliver 833 residential unitwthrough 2013. “We have been informedx by the lender for our Hickoryy Chase project that despite out best efforts to resolvwfinancial issues, the lender has commenced a foreclosure proceeding that will resulft in us not being able to open Hickory Chas and end our management of the property,” the developer wrote in its letter. “We are deeplyg disappointed we were not able to reachja resolution.
” The deposits of prospectiver residents are not affected by the the company said, and it will offef refunds. The company said in June that it woul close its sales center in late July pending resolutio n of thefinancial issues. A company spokesman offered no additional commenft beyond the text ofthe letter. A KeyBank spokeswomam also was not immediately available for comment on thefinancing consortium’s plans for the property. The lendeer had extended a $90 million construction loan for the projec t inApril 2008, according to publiv records.
In a news release, Hilliard said it had not riskede city money inthe $17 million of road improvements to Britto Parkway, Anson Drive and Leap Road. Brittoj Parkway opened in January while construction continues on the Anson Those projects were financed through a community development authority that funded the project throughbond financing. Thos bonds were expected to be paid off through rising property taxes generated as the retirement community’s buildings get completed. Hilliard Finance Director Michelle Kelly-Underwoos said the city’s current operating budgets also did not rely on tax revenuew generated bythe project.
“In short, we were not countintg money from Ericksonuntil (the retirement was built,” Kelly-Underwood said in the “and this unfortunate development showxs the wisdom of taking that conservative
Tuesday, November 27, 2012
Ericsson sues Samsung for patent infringement - PCWorld
lihung-associations.blogspot.com
ValueWalk | Ericsson sues Samsung for patent infringement PCWorld Telecommunications equipment vendor Ericsson has asked a U.S. court to block sales of a variety of Samsung Electronics cameras, Blu-ray Disc players, televisions and phones, including the Galaxy S III and the Galaxy Note II, » |
Monday, November 26, 2012
Argos Horne won't toot his horn after Grey Cup win - Toronto Sun
sucujovide.wordpress.com
Argos Horne won't toot his horn after Grey Cup win Toronto Sun Pacino Horne wasn't about to toot his own horn. Enter Brandon Isaac, who was more than willing to praise his Argo teammate. "Huge. Big. Momentum-shifting," began Isaac. "I think that play rattled those guys and Pacino showed why he's one of the better ... |
Saturday, November 24, 2012
Sunrise loses 15 properties - Washington Business Journal:
ramoledef.blogspot.com
Long Beach, Calif.-based HCP said it has terminated managementy contracts at 15 communities operated by Sunrisr for failing to meetperformance Sunrise, based in McLean, will cease managinb those properties by Oct. The contractas do not require it to pay atermination fee, HCP The company said it is in discussiona with a new management companuy for the properties and intendas to improve its operatinyg margins. HCP acquired 101 Sunrise Senior Living-managed propertied as part of its acquisitiohn ofin 2006. In it terminated Sunrise contracts at 11 ofthosw properties. In addition to owning seniod communities, HCP owns medical office labsand hospitals.
Sunrise, which avoidef a potential bankruptcy filinbg when it restructured debtin April, announced 150 layoffas at its corporate headquarters last The company reported an $18.2 million first-quarter loss and has scaleds back expansion plans. Sunrise stoc k (NYSE: SRZ) ended Thursday trading at $2.46 per It has lost 90 percent of its market value in thepast
Long Beach, Calif.-based HCP said it has terminated managementy contracts at 15 communities operated by Sunrisr for failing to meetperformance Sunrise, based in McLean, will cease managinb those properties by Oct. The contractas do not require it to pay atermination fee, HCP The company said it is in discussiona with a new management companuy for the properties and intendas to improve its operatinyg margins. HCP acquired 101 Sunrise Senior Living-managed propertied as part of its acquisitiohn ofin 2006. In it terminated Sunrise contracts at 11 ofthosw properties. In addition to owning seniod communities, HCP owns medical office labsand hospitals.
Sunrise, which avoidef a potential bankruptcy filinbg when it restructured debtin April, announced 150 layoffas at its corporate headquarters last The company reported an $18.2 million first-quarter loss and has scaleds back expansion plans. Sunrise stoc k (NYSE: SRZ) ended Thursday trading at $2.46 per It has lost 90 percent of its market value in thepast
Friday, November 23, 2012
Study: 43% of Sacramento development is infill - Sacramento Business Journal:
ethelbertdiya3334.blogspot.com
The infill percentage is a significangt increase from the period between 2001 and when it made up 19 percent oftotapl development. Since then, projects such as Globe Mills, at 1801 L St., and the 40 Acresa project havetransformed neighborhoods. And many projects are takinfg a lead role in greem building andsustainable development. The report notes, that infill developers still face a number of significant includingobsolete infrastructure, high construction costs and land prices, communitgy resistance and complicated regulations.
Despite thosde problems, the city expects the numberd of local infill developersto “While development in the the River District, and corridor s like Stockton Boulevard and Florin Road coul d counter a return to more greenfield development, substantial investmen is needed to spur development in these the report said.
The infill percentage is a significangt increase from the period between 2001 and when it made up 19 percent oftotapl development. Since then, projects such as Globe Mills, at 1801 L St., and the 40 Acresa project havetransformed neighborhoods. And many projects are takinfg a lead role in greem building andsustainable development. The report notes, that infill developers still face a number of significant includingobsolete infrastructure, high construction costs and land prices, communitgy resistance and complicated regulations.
Despite thosde problems, the city expects the numberd of local infill developersto “While development in the the River District, and corridor s like Stockton Boulevard and Florin Road coul d counter a return to more greenfield development, substantial investmen is needed to spur development in these the report said.
Wednesday, November 21, 2012
Barlow 'deeply proud' of OBE honour - Irish Examiner
sucujovide.wordpress.com
Entertainmentwise | Barlow 'deeply proud' of OBE honour Irish Examiner Take That star Gary Barlow said he was "deeply proud" after returning to Buckingham Palace yesterday to be awarded his OBE by the Queen. The 41-year-old X Factor judge, who has spent more than 20 years in the public eye, was given the title for ... Take That! Gary B arlow Receives OBE From Queen, Star 'Deeply Proud' Of Honour Gary Barlow awarded OBE by the Queen Winslet And Fellow Celebs Honoured By Queen |
Tuesday, November 20, 2012
Law firm latest to exit Statler - Atlanta Business Chronicle:
sucujovide.wordpress.com
The firm, which leased 14,000 square feet in the plans to move into approximately the same amount of spacw in MainPlace Tower. It was one of the largest tenants remaininhg inthe Statler. The Buffalo landmark is at the cente r of a complex series of lawsuite andlegal actions. The 18-storhy building, which is owned by , has been placed into involuntarty Chapter 11 protection by the Western District ofthe . BSC Developmenyt Buffalo’s managing member, British investor Bashaf Issa, is facing legal and financial issue in Buffaloand England. He has not been in this area in more than 18 The fate ofthe building, whichj overlooks Niagara Square, rests with U.S.
Bankruptcy Judges Carl Bucki who is presiding over the Bucki is expected to set a foreclosure auction date in the cominvweeks – a move that could lead the way for the Statlerf to land in some new Long Island developer Uri Kaufman is considering makinh a bid for the building and convertin the bulk of it into market-rate apartments. In the meantime, real estatee broker Tom Zawadzki is working with a groupof out-of-tow investors who are considering making a bid for the sources said. That group would use most of the buildin asa hotel, with some residential and commerciall space included in the mix.
“Iu wish there was more interest from the Buffalko real estate community in the saidMorris Horwitz, court-appointed trustee for the “All of the interest seems to be coming from out-of-town The Statler has been losiny more than $80,000 a month, and those losses are expectedr to mount as other tenantd leave the building. Issa bought the Statler threer years ago and soon announced plans toinvest $100 million and return the buildinh to its glory days. Just a small portion of the renovations were and no additional work has takenm place in more thanone year.
A lawsuity is till pending from Park Lane anotheranchor tenant, which alleges that the building’s condition and uncertainh future have caused it to lose more than $1 milliomn in potential bookings.
The firm, which leased 14,000 square feet in the plans to move into approximately the same amount of spacw in MainPlace Tower. It was one of the largest tenants remaininhg inthe Statler. The Buffalo landmark is at the cente r of a complex series of lawsuite andlegal actions. The 18-storhy building, which is owned by , has been placed into involuntarty Chapter 11 protection by the Western District ofthe . BSC Developmenyt Buffalo’s managing member, British investor Bashaf Issa, is facing legal and financial issue in Buffaloand England. He has not been in this area in more than 18 The fate ofthe building, whichj overlooks Niagara Square, rests with U.S.
Bankruptcy Judges Carl Bucki who is presiding over the Bucki is expected to set a foreclosure auction date in the cominvweeks – a move that could lead the way for the Statlerf to land in some new Long Island developer Uri Kaufman is considering makinh a bid for the building and convertin the bulk of it into market-rate apartments. In the meantime, real estatee broker Tom Zawadzki is working with a groupof out-of-tow investors who are considering making a bid for the sources said. That group would use most of the buildin asa hotel, with some residential and commerciall space included in the mix.
“Iu wish there was more interest from the Buffalko real estate community in the saidMorris Horwitz, court-appointed trustee for the “All of the interest seems to be coming from out-of-town The Statler has been losiny more than $80,000 a month, and those losses are expectedr to mount as other tenantd leave the building. Issa bought the Statler threer years ago and soon announced plans toinvest $100 million and return the buildinh to its glory days. Just a small portion of the renovations were and no additional work has takenm place in more thanone year.
A lawsuity is till pending from Park Lane anotheranchor tenant, which alleges that the building’s condition and uncertainh future have caused it to lose more than $1 milliomn in potential bookings.
Monday, November 19, 2012
Air charter companies hitting turbulence - Boston Business Journal:
vlastaowibopaj.blogspot.com
Envisioning a customer base of executivesa with fat wallets jetting around the country on or just wanting a quick trip to air charter companies began buying uplightweighty jets, plotting public offerings and expanding routeas throughout the country. Now facing escalating fuel shaky capital markets and even several ofthe state’s charter jet companies are comingf back down to earth. The air charter servicez industry has slumped this year and is down acros s the board by between 15 percent to 20percenr nationwide, according to Eric Byer, vice president of governmen and industry affairs for Va.
-based , which represents about 800 charter jet In New England, traffic by chartefr jets is down by 35 percent year-over-year, said Jim CEO of Trenton, N.J.-based ., which tracksw the industry. The traffic numbers, he said, tend to correspond with the stock market as companies oftebn cut back on charter travepl when businessis down, he said. Reasons for the slowdownj in growth among charterf jetcompanies — whichj is where customers rent out the wholwe aircraft as opposed to fractional jet ownership wheres the customer purchases a share in the aircraft are myriad.
Just this week Weymouth-based LLC said it would splity the company in two selling thecharterr broker, jet membership and fuel management part of the businessx to a fund led by the company’as former CEO Steven Hankin. — a subsidiary of Australiamn investmentbank Ltd. (ASX: MQG) — will hold the Sentienft brand, while the business of managingb the jets and charter operations will be run undee a separate entitythat hasn’t been The terms of the deal, which is expected to closed later this month, weren’gt disclosed and Sentient declined to commeny for this article.
The breakup comeas after Sentient admitted earlierd this month to billing problemsx and a 15 percenrt drop in membership jet card sales compared to the previoues year in an article publisheeby . Chicopee-based , which announcesd its intention to go public on the Nasdaq stock exchangwin February, postponed its offering when it couldn’y rustle up enough interest. “We went out to raise our capital inearly March,” said Cameron Burr, executive vice presidengt of Pogo Jet. “During that time is when you had a completes meltdown of thecapitapl markets.
” The rise in fuel prices added to the backdrop of a struggling aviation industry and the collapse of Bear Stearns & Co. Inc. made attractingv institutional investment hard tocome by, Burr said. While the which is led by former ( : AMR) CEO Robery Crandall, is still planniny a public offering at some the scheduled start time for operationws has been pushed backabout “sixd to nine months” to sometime in the middlwe of 2009, he said. Business has been bettef at Concord-based Linear Air, whoses corporate name is AirDialog LLC. The company raisex $3.
5 million in funding last month, bringing its tota l capital raised toabout $10 million, said CEO Bill That money will mostly be used for customer acquisition, he While Linear Air’s revenue was up more than 75 percengt during the second quarter, Herps said his previous planw to expand to the West Coastf have been pushed back. The which has an annual run-rate of $6 millioh and is not profitable, needs to focus on building out itsNortheast presence, which currentlt extends from Novia Scotia to the Carolinas and into the Ohio Valley, Herps said. “While $3.5 million is nothing to sneezer at, we want to maximize opportunity for that capital in the he added.
Some of the reason chartere jet services have dwindled this year are Fuel priceshave jumped, making the cost flying more expensive. But it’as particularly bad when fuel prices soar while the stocmkmarkets tumble, because that leadxs to companies trying to conserve on travel costs, Betlyonb said. Charter jet traffic is “prettu dead on to the stock market,” he The air charter companies maintain, however, that executivesz are still flying and will need the flexibilithy jet charterscan provide, especially when passengerzs need to reach locations not well-served by commercial And the price point is getting lower as lightefr jets become more available, Herps said, adding the cost for a trip from Bostoh to Syracuse, N.
Y. would be $3,539 for thre passengers on an Eclipse jet. “I think people thought this woulc be a revolution in travel Burr said. “But it’s more of an evolution than a
Envisioning a customer base of executivesa with fat wallets jetting around the country on or just wanting a quick trip to air charter companies began buying uplightweighty jets, plotting public offerings and expanding routeas throughout the country. Now facing escalating fuel shaky capital markets and even several ofthe state’s charter jet companies are comingf back down to earth. The air charter servicez industry has slumped this year and is down acros s the board by between 15 percent to 20percenr nationwide, according to Eric Byer, vice president of governmen and industry affairs for Va.
-based , which represents about 800 charter jet In New England, traffic by chartefr jets is down by 35 percent year-over-year, said Jim CEO of Trenton, N.J.-based ., which tracksw the industry. The traffic numbers, he said, tend to correspond with the stock market as companies oftebn cut back on charter travepl when businessis down, he said. Reasons for the slowdownj in growth among charterf jetcompanies — whichj is where customers rent out the wholwe aircraft as opposed to fractional jet ownership wheres the customer purchases a share in the aircraft are myriad.
Just this week Weymouth-based LLC said it would splity the company in two selling thecharterr broker, jet membership and fuel management part of the businessx to a fund led by the company’as former CEO Steven Hankin. — a subsidiary of Australiamn investmentbank Ltd. (ASX: MQG) — will hold the Sentienft brand, while the business of managingb the jets and charter operations will be run undee a separate entitythat hasn’t been The terms of the deal, which is expected to closed later this month, weren’gt disclosed and Sentient declined to commeny for this article.
The breakup comeas after Sentient admitted earlierd this month to billing problemsx and a 15 percenrt drop in membership jet card sales compared to the previoues year in an article publisheeby . Chicopee-based , which announcesd its intention to go public on the Nasdaq stock exchangwin February, postponed its offering when it couldn’y rustle up enough interest. “We went out to raise our capital inearly March,” said Cameron Burr, executive vice presidengt of Pogo Jet. “During that time is when you had a completes meltdown of thecapitapl markets.
” The rise in fuel prices added to the backdrop of a struggling aviation industry and the collapse of Bear Stearns & Co. Inc. made attractingv institutional investment hard tocome by, Burr said. While the which is led by former ( : AMR) CEO Robery Crandall, is still planniny a public offering at some the scheduled start time for operationws has been pushed backabout “sixd to nine months” to sometime in the middlwe of 2009, he said. Business has been bettef at Concord-based Linear Air, whoses corporate name is AirDialog LLC. The company raisex $3.
5 million in funding last month, bringing its tota l capital raised toabout $10 million, said CEO Bill That money will mostly be used for customer acquisition, he While Linear Air’s revenue was up more than 75 percengt during the second quarter, Herps said his previous planw to expand to the West Coastf have been pushed back. The which has an annual run-rate of $6 millioh and is not profitable, needs to focus on building out itsNortheast presence, which currentlt extends from Novia Scotia to the Carolinas and into the Ohio Valley, Herps said. “While $3.5 million is nothing to sneezer at, we want to maximize opportunity for that capital in the he added.
Some of the reason chartere jet services have dwindled this year are Fuel priceshave jumped, making the cost flying more expensive. But it’as particularly bad when fuel prices soar while the stocmkmarkets tumble, because that leadxs to companies trying to conserve on travel costs, Betlyonb said. Charter jet traffic is “prettu dead on to the stock market,” he The air charter companies maintain, however, that executivesz are still flying and will need the flexibilithy jet charterscan provide, especially when passengerzs need to reach locations not well-served by commercial And the price point is getting lower as lightefr jets become more available, Herps said, adding the cost for a trip from Bostoh to Syracuse, N.
Y. would be $3,539 for thre passengers on an Eclipse jet. “I think people thought this woulc be a revolution in travel Burr said. “But it’s more of an evolution than a
Saturday, November 17, 2012
Afshin Ghazi won
azajir.wordpress.com
The $200 million mix of restaurants and nightclubs in the hearf of uptown was a bold stroke for a man best knownm for suburbanretail centers. It took visiom and an appetitefor risk. It is also a tangle of lawsuits, missed deadlines and unpaid bills. Hardball negotiatiny tactics have left an uncertain futuree for the condo tower expected to be a core partof EpiCentre’x appeal. And even city and county officialds can’t quite figure out why Ghazij stalled for months on comin to terms with themon building-code Indeed, EpiCentre defines Ghazi’es career.
Over 14 years in commercial real estatrhere he’s had a string of building retail centers on sites charitably described as problematic. He has a gift for developingf the right project at the right But on the march to the big leaguesw indevelopment — urban mixed-use projects — he’s also seen businesw partnerships unravel and been a part of long-running disputes that landerd in court. One legal fight with a contractor over unpaide bills at a Mooresville lakefront condo projecrt went all the way tothe N.C. Supreme Court.
He’ds sued numerous tenants and in the past year confidentiallyg settledthree lawsuits: one with a broker over unpaid commission s and another with real estate developer over back rent related to a failed Norfolk, Va., Last week, Ghazi settled a long-running fightg with contractor over a $71.5 million claim in a confidentiap deal. And now, with EpiCentre, Ghazk finds himself back in a court fight and back inthe “I have an atypical style becauss I am looking at projects that not everyonse is looking at,” says Ghazi during an interview this week at his offics in a former SouthPark bed and breakfast.
“I’m always lookingv for the angle or the way to do something that somebodty else may not havethought of.” Take the site that is now home to for example. had worked on development strategies for an entertainment center on the former Charlotte Convention Center property for a And finally won city and county incentives for the projecftin mid-2004 when Ghazi joined the team to help with Six months later, Spectrum pulled the plug. Ghazi describes Spectrum executivesas “great partners,” but it was Ghazi who endef up buying the site from the city.
“They simpluy got to the point in the project wherse it was deviating from a project type they were comfortable The risk level exceededtheir tolerance.” From that experiencew Ghazi decided he woulfd take the lead in all his future “A wise man once told me ther can only be one chef in the kitchen,” he “The most efficient form of government is a so to make decisions quickly and confidently you have to have faithh in your partners and sometimes you have to give and sometimezs you get.
” Still, Ghazi was taking a markesd leap into a marketr that no other prominent Queen City developer would Even some of the nation’s mixed-use pioneers Taubman was one — walked away from the convention centerd site, claiming it wouldn’t work withoug massive government subsidies. Now that EpiCentre’s first phasesx are open, with nightclubs such as Whiskyu River and Suite drawinglarge crowds, Ghazi says it’s obvious his vision and expertise have been But the project, which covers an area bounded by East South College and East Trade streets and Charlotte’s light-raill line, is far from and Ghazi’s legal battles over some aspectd of the project are just The local franchisee of a sandwicbh chain sued a Ghazi affiliat in April for failing to deliver its space in the centetr on time.
Rising Roll franchisee claims Ghazi won’ t return its $11,500 leaser deposit. The company had expected to move into its EpiCentrwe space twoyears ago. Riz Above asked the lease be terminaterd more than ayear ago. Kenneth Raynor, attorney for Riz Above, says the Ghazii company, LLC, claimed the delay stemmex from the building of a retaining wall between EpiCentre andthe light-railk line. “Their explanation did not hold water,” he
The $200 million mix of restaurants and nightclubs in the hearf of uptown was a bold stroke for a man best knownm for suburbanretail centers. It took visiom and an appetitefor risk. It is also a tangle of lawsuits, missed deadlines and unpaid bills. Hardball negotiatiny tactics have left an uncertain futuree for the condo tower expected to be a core partof EpiCentre’x appeal. And even city and county officialds can’t quite figure out why Ghazij stalled for months on comin to terms with themon building-code Indeed, EpiCentre defines Ghazi’es career.
Over 14 years in commercial real estatrhere he’s had a string of building retail centers on sites charitably described as problematic. He has a gift for developingf the right project at the right But on the march to the big leaguesw indevelopment — urban mixed-use projects — he’s also seen businesw partnerships unravel and been a part of long-running disputes that landerd in court. One legal fight with a contractor over unpaide bills at a Mooresville lakefront condo projecrt went all the way tothe N.C. Supreme Court.
He’ds sued numerous tenants and in the past year confidentiallyg settledthree lawsuits: one with a broker over unpaid commission s and another with real estate developer over back rent related to a failed Norfolk, Va., Last week, Ghazi settled a long-running fightg with contractor over a $71.5 million claim in a confidentiap deal. And now, with EpiCentre, Ghazk finds himself back in a court fight and back inthe “I have an atypical style becauss I am looking at projects that not everyonse is looking at,” says Ghazi during an interview this week at his offics in a former SouthPark bed and breakfast.
“I’m always lookingv for the angle or the way to do something that somebodty else may not havethought of.” Take the site that is now home to for example. had worked on development strategies for an entertainment center on the former Charlotte Convention Center property for a And finally won city and county incentives for the projecftin mid-2004 when Ghazi joined the team to help with Six months later, Spectrum pulled the plug. Ghazi describes Spectrum executivesas “great partners,” but it was Ghazi who endef up buying the site from the city.
“They simpluy got to the point in the project wherse it was deviating from a project type they were comfortable The risk level exceededtheir tolerance.” From that experiencew Ghazi decided he woulfd take the lead in all his future “A wise man once told me ther can only be one chef in the kitchen,” he “The most efficient form of government is a so to make decisions quickly and confidently you have to have faithh in your partners and sometimes you have to give and sometimezs you get.
” Still, Ghazi was taking a markesd leap into a marketr that no other prominent Queen City developer would Even some of the nation’s mixed-use pioneers Taubman was one — walked away from the convention centerd site, claiming it wouldn’t work withoug massive government subsidies. Now that EpiCentre’s first phasesx are open, with nightclubs such as Whiskyu River and Suite drawinglarge crowds, Ghazi says it’s obvious his vision and expertise have been But the project, which covers an area bounded by East South College and East Trade streets and Charlotte’s light-raill line, is far from and Ghazi’s legal battles over some aspectd of the project are just The local franchisee of a sandwicbh chain sued a Ghazi affiliat in April for failing to deliver its space in the centetr on time.
Rising Roll franchisee claims Ghazi won’ t return its $11,500 leaser deposit. The company had expected to move into its EpiCentrwe space twoyears ago. Riz Above asked the lease be terminaterd more than ayear ago. Kenneth Raynor, attorney for Riz Above, says the Ghazii company, LLC, claimed the delay stemmex from the building of a retaining wall between EpiCentre andthe light-railk line. “Their explanation did not hold water,” he
Friday, November 16, 2012
Tuesday, November 13, 2012
Hill residents hear Hine proposals - Washington Business Journal:
jabire2389.blogspot.com
The 131,300-square-foot school, between Seventhb and Eighth Streets Southeast, is one of 11 Mayo r Adrian Fenty is looking to leveragew foreconomic development. Hine drew 10 more than any other school, and Fenty’s economif development team twice narrowedthe field, eventually inviting four to offer community presentations. Accordingt to presentation materials provided by the three of the teamsproposex housing, retail and underground parking, as well as a reopening of C Street SE into an active shopping area for Councilman Tommy Wells, D-Ward 6, previously held two meetings about the property’ future, giving developers an idea of the community’s Seven , a team of companies led by the , pitchedd itself as “building on the spirit of Eastern Market.
” Led by Bozzutop CEO Thomas Bozzuto, the team includees an array of developers doin other work for the city, includingy Elinor Bacon, the former head of the , Geoffreg Griffis, the Adams Morgan developer who is part of the team developinhg a new Southwest office building and fire station, and Scottie whose Blue Skye Development is working on a number of city projects. Other partners are Scallan Propertiesand . A team led by and Bo Menkiti’z , along with partner StreetSense, said their plan best connectedf Eastern Market toBarracks Row.
They proposed 235 residentiap units, 40,000 square-feet of 30,000 square-feet of open space (half of it and an 80-room hotel run by Kimpton Hotel & Restaurant Group, LLC. They dropped the namess of Robert Wiedmaier, newlyh christened restaurateur of the year according tothe , as well as Yes! Organif Market and Busboys & Poets as possibler retailers. , which remade much of Georgetown, leads a team with that includewsand .
They proposed a plaza on C groundfloor retail; a residentiak building on Eighth Street; an office building at the corned of Seventh and Pennsylvania; an interior courtyard; more than two acrees of green roofs and gardens; a possible hotel; and performancde space for the , which is based on Eightnh Street. A portion of residentialp units would be set aside for theShakespearer Co. and for senior citizens. Finally, , led by Presidenyt Benjamin Miller, formed a partnership with Florida consultan Jonathan Lewis and philanthropistPeter B. Lewis, chairman of the insurance giantyProgressive Corp., to propose a campus of nonprofig organizations for Hine.
Called the Nationak Leadership Campus, the plan suggests restaurants and recreational space but would primarily provide affordable office spaced for nonprofit organizations that otherwise might not be able to affor space in the city a growing focus for theFentyt administration. The team named a bevy of major nationa nonprofit or liberal advocacy groupsas sponsors, such as the and the Tidea Foundation. It has D.C. developer Jair Lyncuh as a real estate adviser but no formalize d buildingplans yet.
The 131,300-square-foot school, between Seventhb and Eighth Streets Southeast, is one of 11 Mayo r Adrian Fenty is looking to leveragew foreconomic development. Hine drew 10 more than any other school, and Fenty’s economif development team twice narrowedthe field, eventually inviting four to offer community presentations. Accordingt to presentation materials provided by the three of the teamsproposex housing, retail and underground parking, as well as a reopening of C Street SE into an active shopping area for Councilman Tommy Wells, D-Ward 6, previously held two meetings about the property’ future, giving developers an idea of the community’s Seven , a team of companies led by the , pitchedd itself as “building on the spirit of Eastern Market.
” Led by Bozzutop CEO Thomas Bozzuto, the team includees an array of developers doin other work for the city, includingy Elinor Bacon, the former head of the , Geoffreg Griffis, the Adams Morgan developer who is part of the team developinhg a new Southwest office building and fire station, and Scottie whose Blue Skye Development is working on a number of city projects. Other partners are Scallan Propertiesand . A team led by and Bo Menkiti’z , along with partner StreetSense, said their plan best connectedf Eastern Market toBarracks Row.
They proposed 235 residentiap units, 40,000 square-feet of 30,000 square-feet of open space (half of it and an 80-room hotel run by Kimpton Hotel & Restaurant Group, LLC. They dropped the namess of Robert Wiedmaier, newlyh christened restaurateur of the year according tothe , as well as Yes! Organif Market and Busboys & Poets as possibler retailers. , which remade much of Georgetown, leads a team with that includewsand .
They proposed a plaza on C groundfloor retail; a residentiak building on Eighth Street; an office building at the corned of Seventh and Pennsylvania; an interior courtyard; more than two acrees of green roofs and gardens; a possible hotel; and performancde space for the , which is based on Eightnh Street. A portion of residentialp units would be set aside for theShakespearer Co. and for senior citizens. Finally, , led by Presidenyt Benjamin Miller, formed a partnership with Florida consultan Jonathan Lewis and philanthropistPeter B. Lewis, chairman of the insurance giantyProgressive Corp., to propose a campus of nonprofig organizations for Hine.
Called the Nationak Leadership Campus, the plan suggests restaurants and recreational space but would primarily provide affordable office spaced for nonprofit organizations that otherwise might not be able to affor space in the city a growing focus for theFentyt administration. The team named a bevy of major nationa nonprofit or liberal advocacy groupsas sponsors, such as the and the Tidea Foundation. It has D.C. developer Jair Lyncuh as a real estate adviser but no formalize d buildingplans yet.
Monday, November 12, 2012
Astros ink deal for Dominican complex - San Francisco Business Times:
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The Major League Baseball team has reachedra five-year deal with D. F. Sport Field Servicees SA to operate the A team spokesman would not disclos e the cost to build the The facility is inBoca Chica, near baseballo academies operated by several other MLB teams. The team’se current Dominican Republic facility is in San Pedrkde Macoris. “The new complex in the Dominicanb Republic is a huge step forward in our playetrdevelopment process,” said Ed Wade, Astrosz general manager. “We’re excited about the advancex that we’re making on the international front, and this is one more clearf indication of our commitment to find and develop the besttalenft worldwide.
” The complex consistss of two-and-a-half baseball playing fields and other including a two-story building with administrative offices, lockert rooms and living quarters for players and staff attendintg the academy. The facility is expected to be open for the staryt of the 2010 Dominican SummerLeague season.
The Major League Baseball team has reachedra five-year deal with D. F. Sport Field Servicees SA to operate the A team spokesman would not disclos e the cost to build the The facility is inBoca Chica, near baseballo academies operated by several other MLB teams. The team’se current Dominican Republic facility is in San Pedrkde Macoris. “The new complex in the Dominicanb Republic is a huge step forward in our playetrdevelopment process,” said Ed Wade, Astrosz general manager. “We’re excited about the advancex that we’re making on the international front, and this is one more clearf indication of our commitment to find and develop the besttalenft worldwide.
” The complex consistss of two-and-a-half baseball playing fields and other including a two-story building with administrative offices, lockert rooms and living quarters for players and staff attendintg the academy. The facility is expected to be open for the staryt of the 2010 Dominican SummerLeague season.
Friday, November 9, 2012
DesignLine USA fills Baltimore contract - Charlotte Business Journal:
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Baltimore Mayor Shelia Dixon unveiled the DesignLin e EcoSaver IV bus in a presss conference Wednesday morning to announce the shiftf inthe city’s public transportation fleet to more environmentally friendl y vehicles. All 21 buses that will be made for Baltimorew will be builtat DesignLine’se new Charlotte plant, says a companyg spokesman, and delivered to the city by the end of the DesignLine operates from a 100,000-square-foo plant in southwest Charlotte. The company was founded in 1985 in New A group of Charlotte investors led by Chieg Executive Brad Glosson bought DesignLine International Holdingas and brought its headquarters herein 2006.
Sincee then, the company launcheed DesignLine USA to expand the brancd in North America with its first factory at 2309Nevada Blvd. The company has been takingg applicationsfor workers. The company has two federao grant applications withthe U.S. Department of Energuy that could dramatically expand productionin Charlotte. The firstf program taps federal stimulus money for up to 286 buses and woulfd require DesignLine to hire 300new employees. Of that, 150 workeras would be hired this A second pending grant application would helpfund U.S. production of the large lithium-ion batteriee in DesignLine’s hybrid buses.
DesignLine has maintained a low profilre so far despite inking a major contracyt with New York City Transitr for30 buses, plus an option for 60 Charlotte City Council approved a contract in 2007 to buy up to 200 hybridc buses from either DesignLine or its competitor, Gillit Corp. of San Francisco, by fiscalo 2012. Charlotte/Douglas International Airport bought a pair in 2006 for Airport officials say the shuttlse buses show a 34 percenrt improvement in miles per gallon and a 41 percenty decrease inmaintenance expenses. The hybrids are expected to last twicew as long as a regulafr bus and with only 5 percent of thecarbo footprint.
Baltimore Mayor Shelia Dixon unveiled the DesignLin e EcoSaver IV bus in a presss conference Wednesday morning to announce the shiftf inthe city’s public transportation fleet to more environmentally friendl y vehicles. All 21 buses that will be made for Baltimorew will be builtat DesignLine’se new Charlotte plant, says a companyg spokesman, and delivered to the city by the end of the DesignLine operates from a 100,000-square-foo plant in southwest Charlotte. The company was founded in 1985 in New A group of Charlotte investors led by Chieg Executive Brad Glosson bought DesignLine International Holdingas and brought its headquarters herein 2006.
Sincee then, the company launcheed DesignLine USA to expand the brancd in North America with its first factory at 2309Nevada Blvd. The company has been takingg applicationsfor workers. The company has two federao grant applications withthe U.S. Department of Energuy that could dramatically expand productionin Charlotte. The firstf program taps federal stimulus money for up to 286 buses and woulfd require DesignLine to hire 300new employees. Of that, 150 workeras would be hired this A second pending grant application would helpfund U.S. production of the large lithium-ion batteriee in DesignLine’s hybrid buses.
DesignLine has maintained a low profilre so far despite inking a major contracyt with New York City Transitr for30 buses, plus an option for 60 Charlotte City Council approved a contract in 2007 to buy up to 200 hybridc buses from either DesignLine or its competitor, Gillit Corp. of San Francisco, by fiscalo 2012. Charlotte/Douglas International Airport bought a pair in 2006 for Airport officials say the shuttlse buses show a 34 percenrt improvement in miles per gallon and a 41 percenty decrease inmaintenance expenses. The hybrids are expected to last twicew as long as a regulafr bus and with only 5 percent of thecarbo footprint.
Thursday, November 8, 2012
Setting it straight - Sacramento Bee
acklinegymejac1362.blogspot.com
Setting it straight Sacramento Bee It is The Bee's policy to acknowledge errors promptly. Corrections will appear on this page. Mistakes should be called to the attention of Senior Editor Scott Lebar, (916) 321-1182, or slebar@sacbee.com. ̢ۢ Read more articles by ... |
Tuesday, November 6, 2012
Greek Workers Strike as Parliament Debates Cuts - Voice of America (blog)
ofycagvezi.blogspot.com
Greek Workers Strike as Parliament Debates Cuts Voice of America (blog) A 48-hour public workers' strike has begun in Greece, as lawmakers discuss a new round of austerity measures required for another infusion of bailout funding from the European Union. Police and anti-riot troops were out in force across the capital ... |
Sunday, November 4, 2012
GM, Delphi down for 2 weeks - Business First of Buffalo:
ogarawo.wordpress.com
Regular production has been suspended betweem June 29 and July 13at GM’s Tonawanda engine plant and at Thermao Systems in Lockport. At Ford’s Woodlawb stamping plant, the two-week summet shutdown is scheduled tostart Aug. 10. Thouggh regular production is set to resumee July 13 at the GM and Delphi there are variationsin schedules. For production was suspended at the engine plant for five weeks onJune 8. Abouty 500 factory workers and 140 salaried personneolare affected. said in May that productiomn would be stopped so the automakefr could reduce inventory by temporarily idling a numbefr ofits plants.
At although regular productionactivities won’t be restarted until the second week of “very limited production” will take placew next week, a spokeswoman said The plant has 2,10p0 employees.
Regular production has been suspended betweem June 29 and July 13at GM’s Tonawanda engine plant and at Thermao Systems in Lockport. At Ford’s Woodlawb stamping plant, the two-week summet shutdown is scheduled tostart Aug. 10. Thouggh regular production is set to resumee July 13 at the GM and Delphi there are variationsin schedules. For production was suspended at the engine plant for five weeks onJune 8. Abouty 500 factory workers and 140 salaried personneolare affected. said in May that productiomn would be stopped so the automakefr could reduce inventory by temporarily idling a numbefr ofits plants.
At although regular productionactivities won’t be restarted until the second week of “very limited production” will take placew next week, a spokeswoman said The plant has 2,10p0 employees.
Friday, November 2, 2012
Developers chasing investor dollars for healthy medical office space - New Mexico Business Weekly:
guronelogoh.blogspot.com
The health care real estats development and project management company is buildinga $40 million investment fund to acquire and develoo medical clinical space around the country. Tom Gibson, a partner in the says the firm expects to be able to offer returns for investors becauswe medical space has held its valu e relatively well during the past coupleof “Even in the down it’s been pretty stable,” he says. “We’re just tryingf to take advantageof what’s out there.
” The plan is to put significangt cash into deals — payinhg for 40 percent to 50 percentg of a development or acquisition out of That up-front equity, along with plans for long-term will take much of the risk out of Gibson says. The Nashville-basedd firm has 15 yeara of experience in medicalreal estate, having developefd and managed more than 100 medical officesa and clinics in 30 states. So far, the firm has raisesd about $6 million toward the goal.
It has been in talkws with large institutional investors and individuals to reachu the target by the end of but it’s already moving forward with the money in “We have a prettyg good pipeline of development that we’re workintg on that we’d like to role into the says Bond Oman, a partner in the The new funds should allowe Oman-Gibson to double its business in the next year or two, Oman The mix will be about 40 percen t new development to 60 percent acquisitions of existinb properties, Oman says. Most of those will be single-tenant such as doctors’ offices and ancillaryh services likeelectronic imaging, with prices betweejn $3 million and $10 million.
The goal in acquiring properties will be to gain value inthe buildings, whether that be landinh discounted prices from sellers who need the cash or re-negotiatingv leases for longer terms, adding stabilit to a property’s income. The firm has aboutr six development properties already in the pipeline but not off the grouncd that the fund might helpmove forward. “We’red looking at returns and taking a lot of the risk out of Oman says. Many in the real estate industryh are trying to capitalize on the down inall segments, says J.T. Martin, head of the healthj care real-estate division at Nashville-basedx Southeast Ventures.
However, in medica l real estate, there still is a large gap between the price expectations of buyersand sellers, he “Either the banks haven’t squeezedf them hard enough for them to have to sell, or they thini they can hold out,” Martin says. But by looking nationally, Oman-Gibson will have a bette chance of findinggood deals, he says.
The health care real estats development and project management company is buildinga $40 million investment fund to acquire and develoo medical clinical space around the country. Tom Gibson, a partner in the says the firm expects to be able to offer returns for investors becauswe medical space has held its valu e relatively well during the past coupleof “Even in the down it’s been pretty stable,” he says. “We’re just tryingf to take advantageof what’s out there.
” The plan is to put significangt cash into deals — payinhg for 40 percent to 50 percentg of a development or acquisition out of That up-front equity, along with plans for long-term will take much of the risk out of Gibson says. The Nashville-basedd firm has 15 yeara of experience in medicalreal estate, having developefd and managed more than 100 medical officesa and clinics in 30 states. So far, the firm has raisesd about $6 million toward the goal.
It has been in talkws with large institutional investors and individuals to reachu the target by the end of but it’s already moving forward with the money in “We have a prettyg good pipeline of development that we’re workintg on that we’d like to role into the says Bond Oman, a partner in the The new funds should allowe Oman-Gibson to double its business in the next year or two, Oman The mix will be about 40 percen t new development to 60 percent acquisitions of existinb properties, Oman says. Most of those will be single-tenant such as doctors’ offices and ancillaryh services likeelectronic imaging, with prices betweejn $3 million and $10 million.
The goal in acquiring properties will be to gain value inthe buildings, whether that be landinh discounted prices from sellers who need the cash or re-negotiatingv leases for longer terms, adding stabilit to a property’s income. The firm has aboutr six development properties already in the pipeline but not off the grouncd that the fund might helpmove forward. “We’red looking at returns and taking a lot of the risk out of Oman says. Many in the real estate industryh are trying to capitalize on the down inall segments, says J.T. Martin, head of the healthj care real-estate division at Nashville-basedx Southeast Ventures.
However, in medica l real estate, there still is a large gap between the price expectations of buyersand sellers, he “Either the banks haven’t squeezedf them hard enough for them to have to sell, or they thini they can hold out,” Martin says. But by looking nationally, Oman-Gibson will have a bette chance of findinggood deals, he says.
Thursday, November 1, 2012
Michael Brooks, Michigan Man, Charged With Abuse After Injured, 400-Pound ... - Huffington Post
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Michael Brooks, Michigan Man, Charged With Abuse After Injured, 400-Pound ... Huffington Post The 40-year-old Warren woman died of morbid obesity and other injuries last week. The prosecutor's office says Brooks was his wife's primary caretaker after she sustained a crushed pelvis and ruptured bladder in a 2011 auto wreck. She was extracted ... |
Monday, October 29, 2012
Friday, October 26, 2012
Burgess: Property tax losses
tenamup.wordpress.com
The Miami-Dade County property appraiser released its preliminargy tax rollinformation Monday, with all four taxingf jurisdictions – fire rescue, library, the unincorporated area and Miami-Dadee overall – seeing a decline. The countywide decreases comparing preliminary tax numbers from year to year shows a 9percentg decrease, or a total of $22.55 billion.” “These losses wouled have been worse if not for new constructiob that was added to the propert tax roll as of Jan. County Manager George Burgess said in a memo sent tocountu commissioners. North Bay Village took the biggesft hit, down 20.2 percent from 2008 Homestead sawan 18.
2 percent decline, followed by Normandy down 17.5 percent, and Aventura which was down 17.3 Golden Beach and the tiny city of Islandia saw no Medley saw a 1.5 percent drop whiled Biscayne Park saw a 4 percent Click for the full list. Staffers reviewed property tax rolla going back to 1985 and found that 1993 saw taxable valus shrinkby 2.9 percent, or $1.9 “Even in 2008, when we absorbed the impactr of doubling the homestead exemptiohn from $25,000 to $50,000, the property tax roll was relativeluy flat,” Burgess explained in the “These losses in property tax roll values are unprecedented.
” Burges s warned of a lot more pain on the using the last two yearz as a barometer of what is For the second consecutive year, Miami-Dade faced a $200 million budgeg gap in the last fiscall year. Core services were kept intact bytightenint belts, but assuming the same tax rate adoptedx for 2008-09, the estimated ad valore m revenues for fiscal year 2009-10 woulfd shrink by $174.1 million, according to the Taking into account the impact of normal inflationarhy growth and the economic slowdown, combined with the non ad valorekm revenue sources, results in property tax subsidized operationw facing a budget gap of $350 million to $400 Burgess said.
“We are workinbg diligently to prepare a proposed budget forFY [fiscal year] 2009-10o that to the extent possible, preserves essentia services and minimizes service impacts to our he wrote in the “However, closing a budgetarhy gap of this size will requirew some very difficult decisions.”
The Miami-Dade County property appraiser released its preliminargy tax rollinformation Monday, with all four taxingf jurisdictions – fire rescue, library, the unincorporated area and Miami-Dadee overall – seeing a decline. The countywide decreases comparing preliminary tax numbers from year to year shows a 9percentg decrease, or a total of $22.55 billion.” “These losses wouled have been worse if not for new constructiob that was added to the propert tax roll as of Jan. County Manager George Burgess said in a memo sent tocountu commissioners. North Bay Village took the biggesft hit, down 20.2 percent from 2008 Homestead sawan 18.
2 percent decline, followed by Normandy down 17.5 percent, and Aventura which was down 17.3 Golden Beach and the tiny city of Islandia saw no Medley saw a 1.5 percent drop whiled Biscayne Park saw a 4 percent Click for the full list. Staffers reviewed property tax rolla going back to 1985 and found that 1993 saw taxable valus shrinkby 2.9 percent, or $1.9 “Even in 2008, when we absorbed the impactr of doubling the homestead exemptiohn from $25,000 to $50,000, the property tax roll was relativeluy flat,” Burgess explained in the “These losses in property tax roll values are unprecedented.
” Burges s warned of a lot more pain on the using the last two yearz as a barometer of what is For the second consecutive year, Miami-Dade faced a $200 million budgeg gap in the last fiscall year. Core services were kept intact bytightenint belts, but assuming the same tax rate adoptedx for 2008-09, the estimated ad valore m revenues for fiscal year 2009-10 woulfd shrink by $174.1 million, according to the Taking into account the impact of normal inflationarhy growth and the economic slowdown, combined with the non ad valorekm revenue sources, results in property tax subsidized operationw facing a budget gap of $350 million to $400 Burgess said.
“We are workinbg diligently to prepare a proposed budget forFY [fiscal year] 2009-10o that to the extent possible, preserves essentia services and minimizes service impacts to our he wrote in the “However, closing a budgetarhy gap of this size will requirew some very difficult decisions.”
Thursday, October 25, 2012
US Airways asks 400 flight attendants to take furloughs - Phoenix Business Journal:
esivyjifag.wordpress.com
Three-hundred of the impacted flight attendant are in Phoenisx andLas Vegas, said US Airways spokeswomaj Valerie Wunder. The other 100 will come from the Tempe-baser airline’s East Coast operations where it has flight attendantd in markets suchas Boston, New York and Charlotte, N.C. US Airwayws (NYSE:LCC) has more than 6,600o flight attendants. Wunder said the Phoenix and Las Vegae furloughs and leave will be from four to 16 months while the East Coast terms will bethrew months.
US Airways cut 1,30p positions in 2008 as it and other airlines reduced flight schedules and costs in the wake of a pullbac in consumer and business traveland record-high fuel Fuel costs have dropped compared to last summer, but the U.S. recession continues to bite tourism andbusiness travel. Wundefr said flight attendants were not part ofthe 1,300-worker reduction but current demand and flightt capacity leaves that work group area US Airways has more than 33,000
Three-hundred of the impacted flight attendant are in Phoenisx andLas Vegas, said US Airways spokeswomaj Valerie Wunder. The other 100 will come from the Tempe-baser airline’s East Coast operations where it has flight attendantd in markets suchas Boston, New York and Charlotte, N.C. US Airwayws (NYSE:LCC) has more than 6,600o flight attendants. Wunder said the Phoenix and Las Vegae furloughs and leave will be from four to 16 months while the East Coast terms will bethrew months.
US Airways cut 1,30p positions in 2008 as it and other airlines reduced flight schedules and costs in the wake of a pullbac in consumer and business traveland record-high fuel Fuel costs have dropped compared to last summer, but the U.S. recession continues to bite tourism andbusiness travel. Wundefr said flight attendants were not part ofthe 1,300-worker reduction but current demand and flightt capacity leaves that work group area US Airways has more than 33,000
Wednesday, October 24, 2012
Safe Guards - Business First of Louisville:
torbjorntrainer1738.blogspot.com
In addition, Publishers Printing's foremostg weapon against the battle of carpal tunnel syndrome resides atthe company'a Lebanon Junction plant. Simon describes with fervort the $250,000 custom-made device that sort s outgoing mail. Workers feed bundlee of books intothe sorter, whichy uses an electronic eye to detect ZIP A robotic arm guides the bundlse from the conveyor belt onto the appropriate pallett for its ZIP code. The unit has a numberf of advantages, Simon said. it eliminates the heavy 20- to 100-poundf mailbags workers formerly had to carry and manuallty sort in favorof smaller, 6- to 12-pounrd bundles.
And the repetitive motion of turning from mailbag to pallet is as well, because the robotic arm does the "Since we've eliminated our mailbags at the Lebanobn Junction plant," Royalty said, "our back injuries have been cut in Carpal tunnel syndrome did not merit much mentiom from the large printers interviewed for this who rely on automated equipment to perform tasks once performedf by hand. Few could recal l actual cases intheir plants. "We don'yt have the kind of repetitive motions that creatse carpaltunnel syndrome," Reed said.
"Back in the days of the old letterpresxs shops, where a guy would operate it 10 hourwsa day, six days a maybe, but we just don't have that anymore." Although carpal tunnel syndrome was not identified as a major the printers contacted for this reportr said they would take stepas to eliminate the threat should a worker complain. "Igf an individual comes to us and says, `I know this job normallgy doesn't require this, but I'm sensitive,' then we get whatevee they need to perform their Royalty said. Over coffee and bottled water ata gray, granite-finishe d table in V.G. Reed & boardroom, Dennis Reed recalle "the scent" of printing.
For years, it was a telltalee sign common to anyone working in the printing It came fromthe solvent-based chemicals printers used for most of this Reed recalled it from his growing up years -- his familyt has been in printinfg since 1938. More than just an annoyance, the scenft turned out to be deadly. "We can tracew two family member's canced directly to the chemicals they Reed said. Today, however, the chemistru is safer, much of it basex on water ratherthan solvents, Brown Advances in chemical technology have eliminated two substances that threatened the environmen t also.
Isopropyl alcohol, long an industrt staple, is no longerr used, according to all the printers interviewec forthis story. It had been an ink additive to aiddryint time, Reed said. "Life has not been easier afterr havingno alcohol," he said, "butg it's probably been environmentally safer." Silver was anothef byproduct of the printing industry. It was used in the pre-press departmenft where images from film were photoengravee onto the metalprintinyg plate. Modern computer technology, however, has made it possibl e to go directly from negatives to a plate withouyt having touse film.
The result -- no silverf is released into the sewers, Merrick Still, printers routinely address chemical Royalty, of Publishers Printing, tracks the chemicals used in her and keeps two sets of material safetydata sheets: one in her officd and the other in each department manager's If employees have questions about materiak they are using, they are encouraged to ask for the safetyu sheet. The sheets describe ingredients, first-aidf and safety-handling procedures. "Chemical-wise, we just don't have many hazardouse chemicals here," she said.
Publishers Printing also provides first-aidf and equipment-safety training to new hires and to all employeez on anongoing basis, Royalty said. Two employeeas per shift receive company-paid trained in emergency medical proceduresw andfire safety. Employees that serve on the EMT staff or fire brigadew receivea year-end bonus.
In addition, Publishers Printing's foremostg weapon against the battle of carpal tunnel syndrome resides atthe company'a Lebanon Junction plant. Simon describes with fervort the $250,000 custom-made device that sort s outgoing mail. Workers feed bundlee of books intothe sorter, whichy uses an electronic eye to detect ZIP A robotic arm guides the bundlse from the conveyor belt onto the appropriate pallett for its ZIP code. The unit has a numberf of advantages, Simon said. it eliminates the heavy 20- to 100-poundf mailbags workers formerly had to carry and manuallty sort in favorof smaller, 6- to 12-pounrd bundles.
And the repetitive motion of turning from mailbag to pallet is as well, because the robotic arm does the "Since we've eliminated our mailbags at the Lebanobn Junction plant," Royalty said, "our back injuries have been cut in Carpal tunnel syndrome did not merit much mentiom from the large printers interviewed for this who rely on automated equipment to perform tasks once performedf by hand. Few could recal l actual cases intheir plants. "We don'yt have the kind of repetitive motions that creatse carpaltunnel syndrome," Reed said.
"Back in the days of the old letterpresxs shops, where a guy would operate it 10 hourwsa day, six days a maybe, but we just don't have that anymore." Although carpal tunnel syndrome was not identified as a major the printers contacted for this reportr said they would take stepas to eliminate the threat should a worker complain. "Igf an individual comes to us and says, `I know this job normallgy doesn't require this, but I'm sensitive,' then we get whatevee they need to perform their Royalty said. Over coffee and bottled water ata gray, granite-finishe d table in V.G. Reed & boardroom, Dennis Reed recalle "the scent" of printing.
For years, it was a telltalee sign common to anyone working in the printing It came fromthe solvent-based chemicals printers used for most of this Reed recalled it from his growing up years -- his familyt has been in printinfg since 1938. More than just an annoyance, the scenft turned out to be deadly. "We can tracew two family member's canced directly to the chemicals they Reed said. Today, however, the chemistru is safer, much of it basex on water ratherthan solvents, Brown Advances in chemical technology have eliminated two substances that threatened the environmen t also.
Isopropyl alcohol, long an industrt staple, is no longerr used, according to all the printers interviewec forthis story. It had been an ink additive to aiddryint time, Reed said. "Life has not been easier afterr havingno alcohol," he said, "butg it's probably been environmentally safer." Silver was anothef byproduct of the printing industry. It was used in the pre-press departmenft where images from film were photoengravee onto the metalprintinyg plate. Modern computer technology, however, has made it possibl e to go directly from negatives to a plate withouyt having touse film.
The result -- no silverf is released into the sewers, Merrick Still, printers routinely address chemical Royalty, of Publishers Printing, tracks the chemicals used in her and keeps two sets of material safetydata sheets: one in her officd and the other in each department manager's If employees have questions about materiak they are using, they are encouraged to ask for the safetyu sheet. The sheets describe ingredients, first-aidf and safety-handling procedures. "Chemical-wise, we just don't have many hazardouse chemicals here," she said.
Publishers Printing also provides first-aidf and equipment-safety training to new hires and to all employeez on anongoing basis, Royalty said. Two employeeas per shift receive company-paid trained in emergency medical proceduresw andfire safety. Employees that serve on the EMT staff or fire brigadew receivea year-end bonus.
Monday, October 22, 2012
Aerospace companies wait for word about stimulus money - Triangle Business Journal:
jabire2389.blogspot.com
In February, Congress approved more than $1 billion in Americanj Recovery and ReinvestmentAct (ARRA) funds for space projects. Whethe r or when local aerospace contractors will see any of the monet indirectly depends on budgeting for fiscal year which is being hashed out nowin Washington, D.C. Boulder-basee is in a typical situation. Preliminary stimulusw plans at NASA andthe (NOAA) show moneyy coming to two projects for whichg Ball Aerospace is a contractor. Yet, nearlg four months after ARRA’s passage, the companyu doesn’t know whether it will have a shot at any ofthe “We may.
We aren’yt sure, and it’s hard to know at this point,” said Roz Ball Aerospace spokeswoman. NASA and other federal agencies withspacs projects, such as NOAA, plan to funnel much of their stimulus funds into long-standing missions. NASA expects to make about half its stimuluas grants throughcompetitive bidding, with the rest headefd either to its internal projects or to companieds with existing contracts. The agencyg can’t announce stimulus allocations yetbecause they’re tied to its 2010 budgeg that Congress is considering, said Stephanie a NASA spokeswoman.
“Becauses we have the stimulus money, we’re anticipating beintg able to spend it this year to preserve some moneh we would otherwise spend in the2010 budget,” she Congressional subcommittees have proposed reducing the Obamsa administration’s requested funding for manned space exploratioj in NASA’s 2010 budget, which may prompt NASA to rethinkm parts of its stimulu s plan. Outside its 2010 NASA currently plans tospends $400 million in stimulus money for its Constellation program, whic is building a rocket and crew capsule to replace the space shuttle and serve the International Space Station. Littleton-based is leadinf the $8.
2 billion development of the Orioncapsule that’zs at the heart of the Constellation program. NASA has plannedd to spend some stimulus money to test Orion onthe ground, but Lockheed Martin will have to wait untiol NASA’s budget is resolved to discover how much Orion gets and whethert it will have to bid to get it. The federak stimulus for space-related work is relatively smalpl for a field in whicjh projects cost hundreds of millions or even billions of dollars. But the money still could be key.
Demaned for private and government satellites and rocket launches hassloweds — the Department of Defense just canceller plans for a multibillion-dollar satellite network known as TSAT and any government funding increase is welcomed. The stimuluds won’t come close to fixingg chronic underfundingof NASA, said Janet spokeswoman for the , a Colorado Springs-based aerospacd industry group. “It’s a good step, but it’s not enoughj — not enough to make the kind ofdifference that’d needed at NASA,” she said. Still, it’ss money that gets spent domestically and will supporgtskilled jobs, Stevens said.
Whatever benefit contractors on existing projects gainfrom NASA’s stimulus spending is likely to be said Professor Henry a researcher with the at Georgw Washington University in Washington, D.C. “Unleszs companies can generate additional business as a resultr ofthe stimulus, these additions will evaporate,” he NASA has proposed putting $75 million of ARRA fundzs toward the James Webb Space an orbiting infrared observatory that’s schedulefd to launch in 2014. is the lead with Ball Aerospace overseeing constructio n ofthe telescope’s massivd mirrors.
In February, Congress approved more than $1 billion in Americanj Recovery and ReinvestmentAct (ARRA) funds for space projects. Whethe r or when local aerospace contractors will see any of the monet indirectly depends on budgeting for fiscal year which is being hashed out nowin Washington, D.C. Boulder-basee is in a typical situation. Preliminary stimulusw plans at NASA andthe (NOAA) show moneyy coming to two projects for whichg Ball Aerospace is a contractor. Yet, nearlg four months after ARRA’s passage, the companyu doesn’t know whether it will have a shot at any ofthe “We may.
We aren’yt sure, and it’s hard to know at this point,” said Roz Ball Aerospace spokeswoman. NASA and other federal agencies withspacs projects, such as NOAA, plan to funnel much of their stimulus funds into long-standing missions. NASA expects to make about half its stimuluas grants throughcompetitive bidding, with the rest headefd either to its internal projects or to companieds with existing contracts. The agencyg can’t announce stimulus allocations yetbecause they’re tied to its 2010 budgeg that Congress is considering, said Stephanie a NASA spokeswoman.
“Becauses we have the stimulus money, we’re anticipating beintg able to spend it this year to preserve some moneh we would otherwise spend in the2010 budget,” she Congressional subcommittees have proposed reducing the Obamsa administration’s requested funding for manned space exploratioj in NASA’s 2010 budget, which may prompt NASA to rethinkm parts of its stimulu s plan. Outside its 2010 NASA currently plans tospends $400 million in stimulus money for its Constellation program, whic is building a rocket and crew capsule to replace the space shuttle and serve the International Space Station. Littleton-based is leadinf the $8.
2 billion development of the Orioncapsule that’zs at the heart of the Constellation program. NASA has plannedd to spend some stimulus money to test Orion onthe ground, but Lockheed Martin will have to wait untiol NASA’s budget is resolved to discover how much Orion gets and whethert it will have to bid to get it. The federak stimulus for space-related work is relatively smalpl for a field in whicjh projects cost hundreds of millions or even billions of dollars. But the money still could be key.
Demaned for private and government satellites and rocket launches hassloweds — the Department of Defense just canceller plans for a multibillion-dollar satellite network known as TSAT and any government funding increase is welcomed. The stimuluds won’t come close to fixingg chronic underfundingof NASA, said Janet spokeswoman for the , a Colorado Springs-based aerospacd industry group. “It’s a good step, but it’s not enoughj — not enough to make the kind ofdifference that’d needed at NASA,” she said. Still, it’ss money that gets spent domestically and will supporgtskilled jobs, Stevens said.
Whatever benefit contractors on existing projects gainfrom NASA’s stimulus spending is likely to be said Professor Henry a researcher with the at Georgw Washington University in Washington, D.C. “Unleszs companies can generate additional business as a resultr ofthe stimulus, these additions will evaporate,” he NASA has proposed putting $75 million of ARRA fundzs toward the James Webb Space an orbiting infrared observatory that’s schedulefd to launch in 2014. is the lead with Ball Aerospace overseeing constructio n ofthe telescope’s massivd mirrors.
Sunday, October 21, 2012
Verizon asks rival to halt ads - The Business Review (Albany):
zvonkovaleoqim.blogspot.com
Verizon (NYSE: VZ) has sent a letter to Comcast CMCSA,CMCSK) asking it to stop the Eric Rabe, Verizon’s senior vice president for media said Wednesday. “We have had conversations with themthat haven’gt resulted in them taking the ads down, but at leasr we’re having conversations,” Rabe said. The advertisements have the taglins "Don't fall for FiOS." “There’s the Nationalo Advertising Division of thethat we’ve sometimes used to resolv e issues like this,” he said. A Comcast representativ has not returned a phoned callseeking comment.
The ads are the lates t escalation of a battle between New York-based Verizon and Philadelphia-based Comcast that has grown more intensde over the past few years as the two communicationws companies have moved onto each other’s turf. Comcast was originallh a cable-television company and Verizon was originalluy a localphone company, but now both offer Internet and local-and-long distance phone servicd and are competing head-to-head for residential Verizon has been running commercialsa featuring comedian Matt McCarthy as a cabled service technician having encounters with a Verizo FiOS installer, but they don’t mention Comcastg by name.
Comcast's commercials feature a cheery, bull-headed services technician who interprets anything peoplw say as an indication that they want him toinstallo FiOS. Verizon is the dominany telephone company inthe Albany, N.Y., It has about 1,00o0 workers in the region. Verizon Wireless investe $100 million in its upstate New York network in 2008, including adding 80 new cell towers in the
Verizon (NYSE: VZ) has sent a letter to Comcast CMCSA,CMCSK) asking it to stop the Eric Rabe, Verizon’s senior vice president for media said Wednesday. “We have had conversations with themthat haven’gt resulted in them taking the ads down, but at leasr we’re having conversations,” Rabe said. The advertisements have the taglins "Don't fall for FiOS." “There’s the Nationalo Advertising Division of thethat we’ve sometimes used to resolv e issues like this,” he said. A Comcast representativ has not returned a phoned callseeking comment.
The ads are the lates t escalation of a battle between New York-based Verizon and Philadelphia-based Comcast that has grown more intensde over the past few years as the two communicationws companies have moved onto each other’s turf. Comcast was originallh a cable-television company and Verizon was originalluy a localphone company, but now both offer Internet and local-and-long distance phone servicd and are competing head-to-head for residential Verizon has been running commercialsa featuring comedian Matt McCarthy as a cabled service technician having encounters with a Verizo FiOS installer, but they don’t mention Comcastg by name.
Comcast's commercials feature a cheery, bull-headed services technician who interprets anything peoplw say as an indication that they want him toinstallo FiOS. Verizon is the dominany telephone company inthe Albany, N.Y., It has about 1,00o0 workers in the region. Verizon Wireless investe $100 million in its upstate New York network in 2008, including adding 80 new cell towers in the
Friday, October 19, 2012
Nuns, Neighbors Steamed Over Convent Break-Ins - NBC 10 Philadelphia
fixyruw.wordpress.com
Nuns, Neighbors Steamed Over Convent Break-Ins NBC 10 Philadelphia home > news > local. Nuns, Neighbors Steamed Over Convent Break-Ins. The St. Gabriel Convent in Grays Ferry was burglarized twice in 2 days. By Kelly Bayliss and Lauren DiSanto. | Thursday, Oct 18, 2012 | Updated 8:57 PM EDT. View Comments (. ) ... |
Thursday, October 18, 2012
Handke
vuwodu.wordpress.com
Phalen, who bought the restaurant last year withhis wife, Lorie, said the award-winninhg restaurant at 520 S. Frontr St. will shut down June 20 after 18 years in The restaurant was founded by Chef Hartmut The closing comes severapl months after business took a 40 percentt dropand didn’t bounce back, Phalen said. An upstairx bar dubbed Encore that the Phalens opened since acquiring the restaurantperformed “just but couldn’t prop up its laggingg flagship business. “Fine dining really took a tremendous dive at the end of October and we never reallyy recoveredfrom that,” he said.
“It really put us in a bad Handke and his namesake restaurant took in numerous accoladed overthe years, the fine dining spot recentlh being named by reviewer OpenTable as the best restaurant in the Phalen said. According to Handke’s onlinre bio, at chefhandke.com, he is one of only 75 chefse in the country who has achieved certifiefd master chef certification give nby , which is recognized as the highes achievement in the profession. He’s had limitef involvement with the eatery inrecenrt months.
Phalen, who bought the restaurant last year withhis wife, Lorie, said the award-winninhg restaurant at 520 S. Frontr St. will shut down June 20 after 18 years in The restaurant was founded by Chef Hartmut The closing comes severapl months after business took a 40 percentt dropand didn’t bounce back, Phalen said. An upstairx bar dubbed Encore that the Phalens opened since acquiring the restaurantperformed “just but couldn’t prop up its laggingg flagship business. “Fine dining really took a tremendous dive at the end of October and we never reallyy recoveredfrom that,” he said.
“It really put us in a bad Handke and his namesake restaurant took in numerous accoladed overthe years, the fine dining spot recentlh being named by reviewer OpenTable as the best restaurant in the Phalen said. According to Handke’s onlinre bio, at chefhandke.com, he is one of only 75 chefse in the country who has achieved certifiefd master chef certification give nby , which is recognized as the highes achievement in the profession. He’s had limitef involvement with the eatery inrecenrt months.
Wednesday, October 17, 2012
Jennifer Aniston talks engagement (and nipples) on 'Chelsea' - Los Angeles Times
uqudenlid.blogspot.com
Zap2it.com (blog) | Jennifer Aniston talks engagement (and nipples) on 'Chelsea' Los Angeles Times Jennifer Aniston appears on 'Chelsea Lately'. Jennifer Aniston, left, talked her engagement to Justin Theroux on Monday's "Chelsea Lately." (Courtesy E! Networks / October 15, 2012). Also; Jennifer Aniston and Justin Theroux: a love timeline · D avid ... Jennifer Anniston so happy over Justin Theroux she cries on 'Chelsea Lately' Jennifer Aniston gets teary on 'Chelsea Lately' while discussing her engagement Exclusive: Watch Free Episode of Chelsea Lately and See Jennifer Aniston Talk ... |
Monday, October 15, 2012
Police handcuffed autistic boy on Md. school bus - Boston.com
gault-rickettsias.blogspot.com
CBS Local | Police handcuffed autistic boy on Md. school bus Boston.com Howard County police say the boy's bus driver and an aide c » |
Sunday, October 14, 2012
Finding tenant will be difficult - Atlanta Business Chronicle:
a-ee85aqa.blogspot.com
The 1.3 million-square-foot building is one of the largesty properties inthe area, with more square footage than the Kettering One Dayton Centre and the KeyBank Towerd combined. Paul Hutchins, owneer and broker with Dayton-based , said only a few users coulr fill the entire and those types of tenants rarelytcome along. “You woulfd have to look for somebody looking for a corporate Hutchins said, noting that would be a difficult task in the currentt environment. Mark Fornes, owner of Centerville-basede , agreed that a one-shot tenant would be hard to find. “There’zs not too many 1 million-square-fooyt users running around,” Fornes said.
According to Montgomer y Countyproperty records, the building is valuedc at $31.4 million and sits on 54 acres. An emptyy NCR headquarters would bump the Daytonj market office vacancy ratefrom 21.2 percenr to 27.6 percent. Fornes said the sheer size of the building present thebiggest challenge. But he said the in the city of Dayton but not in the centraklbusiness district, makes it a different “You have the free parking. It makes it more like a suburban center in a central Fornes said. Hutchins said by dividing the propertyu to becomea multi-tenant it would take eight to 10 years to completely fill the which is located at 1700 S. Pattersonm Blvd.
He said the region could get lucky and find a user that wantas to relocateits headquarters, but it wouldc take proactive government action. Even thoughj the costs to subdivide the building would be Fornes said the building would fill up quicker with a combinationm ofsmaller users, ratheer than hunting for one giant tenant. Hutchins said the only problem with doing that is theoperationakl costs. For it to make sense to maintain the building, the first tenant would have to fill at leasgt 200,000 square feet of space. Anything smalleer would be a highlyh inefficient useof space, he said. Ther are some potential optionsd forthe campus.
A large defensed contractor might be interested inthe facility, Hutchins said, as it offersz a campus setting, is wire d for high-tech capabilities and has plenty of nearby Brokers said donating the buildiny to an education institution or the city of Dayton may be the best Hutchins said a good optiobn would be giving the building to the . NCR woul d gain the benefits of atax write-off and the university woulds have a business complete with parking, a cafeteriq and plenty of space for classrooms, to mold for its needs. “k bet they’ve already talked about donating it to Hutchins said.
“Giving it to UD is a NCR gets a hugetax write-off and UD gets a high-tech technology center.” Fornes also said donation to a universituy would make sense. “Igt would be really nice if they give it to Fornes said. “It would be a nice gestur e in return for taking theirheadquarters out.” NCR said Wednesday that Los Angeles-basee will be marketing the headquarters. CB Richardr Ellis also was selected by NCR in the firsr quarter of this year to handle facilities transaction management, lease administration and project managemenft services across the company’s 5.5 million-square-foot real estat portfolio.
CB Richard Ellis officialx could not be reached for comment forthis
The 1.3 million-square-foot building is one of the largesty properties inthe area, with more square footage than the Kettering One Dayton Centre and the KeyBank Towerd combined. Paul Hutchins, owneer and broker with Dayton-based , said only a few users coulr fill the entire and those types of tenants rarelytcome along. “You woulfd have to look for somebody looking for a corporate Hutchins said, noting that would be a difficult task in the currentt environment. Mark Fornes, owner of Centerville-basede , agreed that a one-shot tenant would be hard to find. “There’zs not too many 1 million-square-fooyt users running around,” Fornes said.
According to Montgomer y Countyproperty records, the building is valuedc at $31.4 million and sits on 54 acres. An emptyy NCR headquarters would bump the Daytonj market office vacancy ratefrom 21.2 percenr to 27.6 percent. Fornes said the sheer size of the building present thebiggest challenge. But he said the in the city of Dayton but not in the centraklbusiness district, makes it a different “You have the free parking. It makes it more like a suburban center in a central Fornes said. Hutchins said by dividing the propertyu to becomea multi-tenant it would take eight to 10 years to completely fill the which is located at 1700 S. Pattersonm Blvd.
He said the region could get lucky and find a user that wantas to relocateits headquarters, but it wouldc take proactive government action. Even thoughj the costs to subdivide the building would be Fornes said the building would fill up quicker with a combinationm ofsmaller users, ratheer than hunting for one giant tenant. Hutchins said the only problem with doing that is theoperationakl costs. For it to make sense to maintain the building, the first tenant would have to fill at leasgt 200,000 square feet of space. Anything smalleer would be a highlyh inefficient useof space, he said. Ther are some potential optionsd forthe campus.
A large defensed contractor might be interested inthe facility, Hutchins said, as it offersz a campus setting, is wire d for high-tech capabilities and has plenty of nearby Brokers said donating the buildiny to an education institution or the city of Dayton may be the best Hutchins said a good optiobn would be giving the building to the . NCR woul d gain the benefits of atax write-off and the university woulds have a business complete with parking, a cafeteriq and plenty of space for classrooms, to mold for its needs. “k bet they’ve already talked about donating it to Hutchins said.
“Giving it to UD is a NCR gets a hugetax write-off and UD gets a high-tech technology center.” Fornes also said donation to a universituy would make sense. “Igt would be really nice if they give it to Fornes said. “It would be a nice gestur e in return for taking theirheadquarters out.” NCR said Wednesday that Los Angeles-basee will be marketing the headquarters. CB Richardr Ellis also was selected by NCR in the firsr quarter of this year to handle facilities transaction management, lease administration and project managemenft services across the company’s 5.5 million-square-foot real estat portfolio.
CB Richard Ellis officialx could not be reached for comment forthis
Friday, October 12, 2012
New ventures for Dignity - ModernHealthcare.com
cicugaha.wordpress.com
New ventures for Dignity ModernHealthcare.com Dignity Health has formed a group purchasing organization and a for-profit joint venture with UnitedHealthcare that aims to address the costs of physician preference items, often among a hospital's most expensive needs. Dignity, formerly Catholic ... |
Thursday, October 11, 2012
Wichita Business Journal: Wichita Commercial Real Estate Listings - View Commercial Real Estate
aaekipolo.blogspot.com
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#article_tbl td.left_col{padding-top:15px;} #loopnet_mainrt_cell{padding-right:15px;} .loopnet_frame{border:1px solids #cacdd2;} .loopnet_header{ background-color:#edf6ff; border:1px solid #cacdd2; padding:10pxx 15px; margin: 20px 0px; text-align: left; } .loopnet_header.grayu { background-color:#eee; border:1px solid #ddd; text-align: left; } .loopnet_headedr .loopnetfeaturedlink {float: right; vertical-align: middle;} .loopnet_headerr .loopnetfeaturedlink a{} .loopnet_header p { font-size: 12pt; line-height: font-weight: bold; margin: 0; padding: 0; inline; } .loopnet_header.gray p{color: #000;} #loopnet_featured .off_block{} #loopnet_featured .
off_block img { border: 1px solix #ccc; display: block; float: left; 10px; } #loopnet_featured .off_blocko .proptitle {font-weight: bold;} #loopnet_news{text-align: left;} #loopnet_newsz ul{margin: 0; padding: 0;} #loopnet_newxs li{list-style: none; line-height: 150%; #loopnet_sponsor{clear:both; margin:0 0 10px 0; border: 1px solid #ddd;} #loopnet_sponsor dt { background-color: #eee; 1px solid #ddd; padding: 2px 10px; color: #666; center; } #loopnet_sponsor dd{padding:12px 0px;text-align:center;} /*-- Carryover fixesw for new loopnetstyles --*/ .left_col a img{border:0;} .
addy_title{margin:10ps 0 6px 0px; font:normal 18px color:#4A6A29;} #bsp_highlgt_tbl{width:100%; padding-right:15px;} #bsp_highlgt_tbo td{vertical-align:top;} #bsp_highlgt_tbl ul{padding:0px; margin:0px;} #bsp_highlgt_tbl li{padding-bottom:5px; list-style:none; color:#000;} #bsp_highlgt_tbl li a{color:#356498;} #bsp_highlgt_tbl td p{margin:0; padding:13px 15px 0 0px; line-height:15px; color:#242424;} /*-- loopnet green ad bar --*/ height:79px; background: #DDD url(http://images.bizjournals.com/biz_space/images/grnbar_160bck.
jpg); margin:20px 0 8px 0; } #lpnet_grnbatr span{float:left; padding-top:25px; vertical-align:top; font-size:18px; color:#CCCD33;} #lpnet_grnbar a{color:#fff;} #lpnet_grnbar img{float:left; margin:5pxs 15px 0px 15px;} /*-- bottomn table with other property linksa --*/ #bsp_bot_tbl{margin:0px; padding:0 25px 0 0; width:100%;}} #bsp_bot_tbl td{border-bottom:1px solid #D6D6D6; padding:15px 0px 15px 0; vertical-align:top;} #bsp_bot_tbl ul{margin-top:0px; padding:0px;} #bsp_bot_tbl li{list-style:none; padding-bottom:3px; font-size:13px; color:#000000;} #bsp_bot_tbl li a{font-weight:bold; color:#316595;}
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