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David Risdon would like to seediscount shopping, other office space and perhaps some residential uses acrossd from his High Rock Raceway. “Thee concept would be like a Birkdale Villagwe but withpremium outlets,” he says, referring to the mixed-use centerf in Huntersville. The timeline woulde be dictated by a recoveru fromthe recession, he Risdon, chief executive of , the limite d liability company developing High Rock Raceway, woul d devote 40 acres on U.S. Highwayt 29 to the new project. He would seek a retail developet to build theoutlet center. The plan callsz for as much as 300,000 squaree feet of retail space andabouy 200,000 square feet of offices.
A museum and hotel are also plannedf onthe site. Combined with the $30 million, 2.15-mil e road-course racetrack and 114 adjacent townhouses, the total price tag for High Rock willbe $205 The track is beiny built on 200 acres once occupied by N.C. Finishing Co., or Color-Texd International, a former Fieldcrest Cannon plant that wasonce Rowan’s largesyt employer. The facility closed in 2000, eliminatinfg its last 350 The credit crisis and recession have delayexd the project since it was announcedin 2005. of Calif., pulled its offer of a $30 millionh construction loan earlierthis year.
Now Risdobn has the interest of a consortium of insurance and pension companies in financinb the track and townhousre phase of the He declines to identifythe financiers. This the Spencer Board of Aldermen approveda 28-page development agreement that was required by Risdon’s The agreement requires the track and an initial phase of townhousesw be complete by a year after site work begins. Risdonh expects grading to startnext month. He has 20 year to complete the entire according to thedevelopment agreement. Claytonn Homes, which operates three plants within 30 minutese ofHigh Rock, will build the townhouses.
The structures will be fabricate at the plant and erected at thedevelopment site. Spenced Town Manager Larry Smith says the potential tax revenue and prestige of the project make it worththe “We’re behind the project as much as we can
Friday, August 31, 2012
Wednesday, August 29, 2012
St. John Properties takes over Opus East business park at Aberdeen Proving Ground - Business First of Columbus:
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U.S. Army officials worked feverishly over the past week topull St. John Propertiesw into the fold, fearful the project would come to a halt if Opus East filede for bankruptcy protection before an arrangement couldrbe struck, company spokesman Gerard J. Wit said in a telephoner interview Tuesday. “It was a real round-the-clock, week-long effort to get this done,” Wit said. “We’re goinh to get in and try to kick-starg this right away.” Aberdeen is gearing up for a significanr influx of military jobs under the Pentagon’s Base Realignment and Closure expected to be completed by September 2011.
About 8,200 militaruy jobs will be transferred tothe base, in additiob to as many as 18,000 privatr contracting jobs from companies that do business with the incominbg military agencies. The approved Opus East's selectionj of St. John Properties to take over the Governmengt and Technology Enterprise business park because of theBaltimore developer’z ability to move forward with new construction, Bob program director with the Army said in a statement. As in taking over the including (NYSE: OFC) and Manekin LLC.
Opus East was awarder rights to developthe government-owned land underf a lease with the Army in Novembetr 2007 and broke ground on its first building in Decembed of that year. Since then, the company became straddledf with millions of dollards in construction loans it has been unableto refinance, and the companyu has not started any new construction at the projectg for more than a year. The deal was inke d June 19 betweenOpus St. John Properties, with the backing of the Army. St. John and the Army Corpsz of Engineers issued statements Tuesday announcingthe deal. Wit said St. John will pay Opus East an undisclosef amount of money for its development rightszat Aberdeen.
In connection with the St. John has hired Opus East projecgt manager Matthew Holbrook to overseee the GATE project as its directoer of defense andgovernment business. “Aberdeen Proving Groundc is excited about moving the project forwardwith St. John Properties,” Tim APG deputy garrison commander, said in a statement. “Wde consider it a positive step to have theitr experienced management team spearheadingthe build-out of this project.” As the to help it considefr options including bankruptcy. Its parent company, , has also soughyt bankruptcy protectionfor it’s Opus South subsidiary and for two more subsidiariese of its Opus West regional Opus Corp.
spokeswoman Winston Hewett said Opus East is still evaluating its options but has not made any decisionsabout bankruptcy. The company was forced to relinquisuh its rights to the Aberdeen projecr because it has been unable to finance morethan $50 millionh in construction loans it took out to financde its projects. Most pressing amontg those debtsis $35 millionm the developer spent to buildf a new headquarters for the Nationak Oceanic and Atmospheric Administration in College Park, for which it has sued the federal government to collect its wages on that project, Hewett St.
John plans to break grouned in the next two monthss on at least thre new buildings at the Harfore Countymilitary base, with commitmentd from defense contractors for up to 300,0000 square feet of office, research and developmentg space, Wit said. Wit did not disclosed the names of any ofthose tenants. Those buildings would be in addition toa 60,000-square-foot building Opus East completee in December 2008 for defense contractof CACI. “We view this developmenf as the most significant commercial real estate opportunit y in the history ofour company,” St. John President Edwarf A. St. John said in a statement.
“This is based on the amount of square footage that can eventually be developec as well as the important work that will be completedby end-usersa that occupy this St. John Properties is the third-largest propertuy management firm in Greater with nearly 11 million squarr feet of commercial space inthe region. But taking over the Aberdeen project represents a shift for the which has sought to tap into the demands for government contracting spaced upuntil now.
Wit said the companuy has also sought in the past to buy land for its own rather than to lease property from the government such as at Opus East preliminarily received commitments from firms seeking space atits 413-acrde Government and Technology Enterpriswe business park but did not startt any additional construction. The developere was unwilling to divide any of its buildings into multi-tenanted space, Wit said, preferring insteas to construct buildings for a single tenant. That’a created a pent-up demand for companies seekingfrom 5,000 square feet to upward of 20,00o0 square feet, Wit said.
“For all the hoopla that BRAC has there’s really only one building that Opus was able to Wit said. “If you don’t have the place to park those people, if you don’ty have the buildings to put them in, there was goinyg to be a reallogistical problem.”
U.S. Army officials worked feverishly over the past week topull St. John Propertiesw into the fold, fearful the project would come to a halt if Opus East filede for bankruptcy protection before an arrangement couldrbe struck, company spokesman Gerard J. Wit said in a telephoner interview Tuesday. “It was a real round-the-clock, week-long effort to get this done,” Wit said. “We’re goinh to get in and try to kick-starg this right away.” Aberdeen is gearing up for a significanr influx of military jobs under the Pentagon’s Base Realignment and Closure expected to be completed by September 2011.
About 8,200 militaruy jobs will be transferred tothe base, in additiob to as many as 18,000 privatr contracting jobs from companies that do business with the incominbg military agencies. The approved Opus East's selectionj of St. John Properties to take over the Governmengt and Technology Enterprise business park because of theBaltimore developer’z ability to move forward with new construction, Bob program director with the Army said in a statement. As in taking over the including (NYSE: OFC) and Manekin LLC.
Opus East was awarder rights to developthe government-owned land underf a lease with the Army in Novembetr 2007 and broke ground on its first building in Decembed of that year. Since then, the company became straddledf with millions of dollards in construction loans it has been unableto refinance, and the companyu has not started any new construction at the projectg for more than a year. The deal was inke d June 19 betweenOpus St. John Properties, with the backing of the Army. St. John and the Army Corpsz of Engineers issued statements Tuesday announcingthe deal. Wit said St. John will pay Opus East an undisclosef amount of money for its development rightszat Aberdeen.
In connection with the St. John has hired Opus East projecgt manager Matthew Holbrook to overseee the GATE project as its directoer of defense andgovernment business. “Aberdeen Proving Groundc is excited about moving the project forwardwith St. John Properties,” Tim APG deputy garrison commander, said in a statement. “Wde consider it a positive step to have theitr experienced management team spearheadingthe build-out of this project.” As the to help it considefr options including bankruptcy. Its parent company, , has also soughyt bankruptcy protectionfor it’s Opus South subsidiary and for two more subsidiariese of its Opus West regional Opus Corp.
spokeswoman Winston Hewett said Opus East is still evaluating its options but has not made any decisionsabout bankruptcy. The company was forced to relinquisuh its rights to the Aberdeen projecr because it has been unable to finance morethan $50 millionh in construction loans it took out to financde its projects. Most pressing amontg those debtsis $35 millionm the developer spent to buildf a new headquarters for the Nationak Oceanic and Atmospheric Administration in College Park, for which it has sued the federal government to collect its wages on that project, Hewett St.
John plans to break grouned in the next two monthss on at least thre new buildings at the Harfore Countymilitary base, with commitmentd from defense contractors for up to 300,0000 square feet of office, research and developmentg space, Wit said. Wit did not disclosed the names of any ofthose tenants. Those buildings would be in addition toa 60,000-square-foot building Opus East completee in December 2008 for defense contractof CACI. “We view this developmenf as the most significant commercial real estate opportunit y in the history ofour company,” St. John President Edwarf A. St. John said in a statement.
“This is based on the amount of square footage that can eventually be developec as well as the important work that will be completedby end-usersa that occupy this St. John Properties is the third-largest propertuy management firm in Greater with nearly 11 million squarr feet of commercial space inthe region. But taking over the Aberdeen project represents a shift for the which has sought to tap into the demands for government contracting spaced upuntil now.
Wit said the companuy has also sought in the past to buy land for its own rather than to lease property from the government such as at Opus East preliminarily received commitments from firms seeking space atits 413-acrde Government and Technology Enterpriswe business park but did not startt any additional construction. The developere was unwilling to divide any of its buildings into multi-tenanted space, Wit said, preferring insteas to construct buildings for a single tenant. That’a created a pent-up demand for companies seekingfrom 5,000 square feet to upward of 20,00o0 square feet, Wit said.
“For all the hoopla that BRAC has there’s really only one building that Opus was able to Wit said. “If you don’t have the place to park those people, if you don’ty have the buildings to put them in, there was goinyg to be a reallogistical problem.”
Tuesday, August 28, 2012
UW researcher wins $3M federal grant - San Francisco Business Times:
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The grant from the U.S. Departmengt of Education's Institute of Educatiojn Sciences will allow Heinrich to emplogy academic staff and at least four graduate students each year to work on expandinvg the project o other Heinrich will continue an evaluatio of the tutoring programs MPS offers as part ofthe district's fulfillmeng of the federal No Child Left Behind law. The law requires public school that have not adequately increased student academidc achievement for three years to offer childrejin low-income families the opportunity to receive extra academifc assistance such as tutoring.
Heinrich's initial research foun d that Milwaukee's federally mandated and funded tutorint program is not necessarily reaching the people who need the most nor is it effective in increasingstudentt achievement. "Our preliminary results suggest that the studentz in the tutoring programs are not performing any bettefron Wisconsin's standardized tests than eligibls students not involved with the Heinrich said. Heinrich and her co-workers have been conducting the MPS study sincreApril 2006. The next phase will involve five urbanm school districts infour states: Minneapolis, Chicago, Dallas and Austin, Texas.
The grant from the U.S. Departmengt of Education's Institute of Educatiojn Sciences will allow Heinrich to emplogy academic staff and at least four graduate students each year to work on expandinvg the project o other Heinrich will continue an evaluatio of the tutoring programs MPS offers as part ofthe district's fulfillmeng of the federal No Child Left Behind law. The law requires public school that have not adequately increased student academidc achievement for three years to offer childrejin low-income families the opportunity to receive extra academifc assistance such as tutoring.
Heinrich's initial research foun d that Milwaukee's federally mandated and funded tutorint program is not necessarily reaching the people who need the most nor is it effective in increasingstudentt achievement. "Our preliminary results suggest that the studentz in the tutoring programs are not performing any bettefron Wisconsin's standardized tests than eligibls students not involved with the Heinrich said. Heinrich and her co-workers have been conducting the MPS study sincreApril 2006. The next phase will involve five urbanm school districts infour states: Minneapolis, Chicago, Dallas and Austin, Texas.
Sunday, August 26, 2012
Saturday, August 25, 2012
Axa Group a raportat un profit operaţional semestrial în creştere cu 3% - Capital
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Capital | Axa Group a raportat un profit operaţional semestrial în creştere cu 3% Capital Axa Group a raportat un profit operaţional semestrial în creştere cu 3%. Autor: Marius Pirloiu Luni, 06 August 2012 324 vizualizări 0 comentarii. AXA Group, unul dintre liderii mondiali în domeniul protecţiei financiare, prezent în România prin AXA ... |
Friday, August 24, 2012
Snippet of new Christina Aguilera single 'Your Body' leaks - listen Singer ... - Gigwise
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Gigwise | Snippet of new Christina Aguilera single 'Your Body' leaks - listen Singer ... Gigwise Snippet of new Christina Aguilera single 'Your Body' leaks - listen. Photo: WENN.com/FayesVision. A snippet of Christina Aguilera's new single 'Your Body' has leaked online. Check it out below. The single, a mid-tempo r&b number, is the first s ingle ... |
Wednesday, August 22, 2012
Levindale plots $32M upgrade to city campus - Baltimore Business Journal:
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The Baltimore nursing home facility and chronic care partof , filed its expansionh plans with the state in June. If approved construction on a three-storuy patient tower and new lobby could begin by January 2009 on its West Belvederer Avenue campusnear . The project will add privatee patient roomsand bathrooms, a shared kitcheh and a community-style living room for residents. Each floor will house abou 28 residents in settings similar toa single-family The rooms, lobby and common areas will also feature wireles Internet access. The new lobby will also house art exhibits.
"Whenn aging baby boomers need assisted they aren't going to want the old shared rooms and shared bathroom model," said Aric Spitulnik, vice presidentg of operations for Levindale. "They are goingy to want something that resembles theirown home." The facilityg currently has a mix of private and shared patientt rooms with roughly 172 nursing care beds. The site also has aboug 120 chronic care hospital beds for elderl or disabled patients that need more extensivrmedical care. The project, whicyh could be open by 2010, is part of a largerr expansion to expand the nursing home to240 beds.
He said Levindalde had considered building the new project on the forme Rosewood Center campus inBaltimore County. But the cost of constructinfg roads and sewer systems to servre the site wastoo much, Spitulnik said. Nearly 70,000 Maryland residents were living in nursinv home facilities across the statsein 2006, according to figures released by the Marylansd Health Care Commission. States health leaders say Maryland will need to add 318 new nursinbg home bedsstatewide -- includin 65 new beds in Baltimore -- by 2011 to meet the growthu of long-term care
The Baltimore nursing home facility and chronic care partof , filed its expansionh plans with the state in June. If approved construction on a three-storuy patient tower and new lobby could begin by January 2009 on its West Belvederer Avenue campusnear . The project will add privatee patient roomsand bathrooms, a shared kitcheh and a community-style living room for residents. Each floor will house abou 28 residents in settings similar toa single-family The rooms, lobby and common areas will also feature wireles Internet access. The new lobby will also house art exhibits.
"Whenn aging baby boomers need assisted they aren't going to want the old shared rooms and shared bathroom model," said Aric Spitulnik, vice presidentg of operations for Levindale. "They are goingy to want something that resembles theirown home." The facilityg currently has a mix of private and shared patientt rooms with roughly 172 nursing care beds. The site also has aboug 120 chronic care hospital beds for elderl or disabled patients that need more extensivrmedical care. The project, whicyh could be open by 2010, is part of a largerr expansion to expand the nursing home to240 beds.
He said Levindalde had considered building the new project on the forme Rosewood Center campus inBaltimore County. But the cost of constructinfg roads and sewer systems to servre the site wastoo much, Spitulnik said. Nearly 70,000 Maryland residents were living in nursinv home facilities across the statsein 2006, according to figures released by the Marylansd Health Care Commission. States health leaders say Maryland will need to add 318 new nursinbg home bedsstatewide -- includin 65 new beds in Baltimore -- by 2011 to meet the growthu of long-term care
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