City Council committee OKs airport parking contract - Atlanta Business Chronicle:

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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

Erickson gives up on Hilliard project - Memphis Business Journal:

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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

Ericsson sues Samsung for patent infringement - PCWorld

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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,  »

Argos Horne won't toot his horn after Grey Cup win - Toronto Sun

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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 ... and more »

Sunrise loses 15 properties - Washington Business Journal:

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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

Study: 43% of Sacramento development is infill - Sacramento Business Journal:

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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.

Barlow 'deeply proud' of OBE honour - Irish Examiner

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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 Entertainmentwise Gary Barlow awarded OBE by the Queen The Sun Winslet And Fellow Celebs Honoured By Queen Eagle Radio  »

Law firm latest to exit Statler - Atlanta Business Chronicle:

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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.

Air charter companies hitting turbulence - Boston Business Journal:

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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

Afshin Ghazi won

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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

Thousands rally in Jordan demanding ouster of king, in resumed protests over ... - Fox News

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Yeshiva World News

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Hill residents hear Hine proposals - Washington Business Journal:

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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.

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.

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.

Setting it straight - Sacramento Bee

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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 ... and more »

Greek Workers Strike as Parliament Debates Cuts - Voice of America (blog)

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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 ... and more »

GM, Delphi down for 2 weeks - Business First of Buffalo:

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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.

Developers chasing investor dollars for healthy medical office space - New Mexico Business Weekly:

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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.

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 ... and more »