takes-trendsthe.blogspot.com
The state Development Financing Advisoruy Council this week approvedthe 12-year loan for the Heath-based port authority. The loan, if approved by the stated Controlling Board, would help fund construction ofa $3.55 million facility that wouldd be leased to Cheshire, Conn.-based Atlantidc Inertial Systems Inc. The company, which employs more than 1,00 people, supplies mission-critical hardware, including guidance and navigation systemd for bombs andballistic missiles. Atlantic Inertiao has an existing facility at theport authority-ownex Central Ohio Aerospace and Technology Center that employs 47.
The expansion of its sensot research and development operations wouldf create10 jobs, the state said. The lates t incentive comes after the states this spring extended a 45 percent tax credi t to Atlantic Inertial forthe expansion. The company has said the new jobs will pay an averagw of morethan $74,000 a The • – The Columbus-based maker of call recordingg and quality-monitoring software was awarded a 50 seven-year tax credit valued at $328,685 to expanx in Columbus. The $400,000 project is expected to create 50 jobs andretain 21. • – The debt counseling and third-party collectionx firm was cleared for a45 six-year tax credit valued at $99,83 4 to expand in.
The $185,000 projecg is expected to retain 48 jobs andcreate 50.
Sunday, May 29, 2011
Friday, May 27, 2011
California investigates Florida firm that processes foreclosures for major banks - Los Angeles Times
http://www.onlinestriker.info/
Los Angeles Times | California investigates Florida firm that processes foreclosures for major banks Los Angeles Times Kamala D. Harris said her office is investigating a Florida firm that processes foreclosures for many of the nation's major financial institutions. She is shown at another foreclosure-related news conference Monday. (Mel Melcon, Los Angeles Times / May ... Foreclosure Activity Plunged in April |
Wednesday, May 25, 2011
TechCrunch, Founders Fund award 22 entrepreneurs $50K - Silicon Valley / San Jose Business Journal:
Vinyl siding
The awardees get $25,000 from the TechFelloe Awards program, and the Foundersw Fund matchesthat investment, and also gets the righr to invest $250,000 when the companies are lookiny for their first round of venture funding. TechCrunch doesn’tr take a financial stake in the The recipients were divided into four Disruptive Innovation, Engineering Leadership, Producr Design and Marketing, and General Management: Scott chairman of San Francisco-based an adult social media Web site for models and fans of female pin-up photography. Banister was a co-founderd IronPort Systems Inc., a San Bruno companyy that acquired in 2007for $830 million.
He was also an earlty advisor and board memberat , whic acquired for $1.5 billion in 2002. Andrewq Frame, founder and chairman of free home phone serviceWill Harvey, co-founder of , a San Mateo-based host of an online virtual world. He was previously founder and CEO at another virtual world compangy inPalo Alto, Blake Kirkorian, co-founder and CEO of , the Fostere City company that developeds hardware and software that lets userw watch live TV from their computersa and mobile devices. It was acquiredx by in 2007 for $380 Mike McCue, co-founder of in 1999, which developee voice recognitionfor telephony.
The company was sold to in 2007for $800 milliohn and became a Mountain View-based subsidiary of the software where he continues as general manager. Michael Abbott, senior vice presidenty of applications software and services atin Sunnyvale, where he leads development of its WebOzS software platform. Adam D’Angelo, the chie technology officer of in Palo Alto untikl he left inMay 2008. Sand Jen and Elaine Wherry, co-foundersa of Mountain View-based , the Web-basec instant messaging company. Eric venture adviser at in Menlo He was previouslya co-founder and chiefv technology officer at IMVU. Richard “Rich” founder and CEO at search company inRedwood City.
Michael Birch, co-founder and CEO of social networking Web site in San which was acquired by in 2008for $850 Daniel Burka, creative director at socia l content Web site in San Francisco. He is also co-foundet of SilverOrange of PrinceEdward Canada, a group of Web developers who producse user-focused Web systems. Adam co-founder and chief innovation officer at advertising analytics companyof Ohio. He is also president at stealthstartulp Topic.org. Zach Klein, founder of stealth startuop in Brooklyn. He is former partnef at in NewYork City, which is the parent companty of the CollegeHumor Network., and he was co-founde r of video-sharing Web site Vimeo.
Jeffreyt Veen, founder of stealth mode Internett services company He was one of the founding partnerx at product experience design companyScott Diepzen, seniof vice president of communications at in Sunnyvale. He joined Yahoo from online collaborativ software company ofSan Mateo, where he was presidenrt and chief technology officer. Yahoo paid $350 million for Zimbraz in 2007. Michael Jones, an entrepreneur and angel investof who was CEO of Userplane of Los Angelews and a senior vice presidentof AOL. Sukhinder Singhb Cassidy, CEO-in-residence at of Palo Alto, previously presidenf of David Sprosty, senioer vice president of connectivity solutions and mobilerat (NYSE:BBY) of Richfield, Minn.
Jason Rapp, CEO of 's online gift company , basede in New York City. Scott Weiss, Cisco' vice president of security technology. He joinedf the company when Cisco bought whichhe co-founded.
The awardees get $25,000 from the TechFelloe Awards program, and the Foundersw Fund matchesthat investment, and also gets the righr to invest $250,000 when the companies are lookiny for their first round of venture funding. TechCrunch doesn’tr take a financial stake in the The recipients were divided into four Disruptive Innovation, Engineering Leadership, Producr Design and Marketing, and General Management: Scott chairman of San Francisco-based an adult social media Web site for models and fans of female pin-up photography. Banister was a co-founderd IronPort Systems Inc., a San Bruno companyy that acquired in 2007for $830 million.
He was also an earlty advisor and board memberat , whic acquired for $1.5 billion in 2002. Andrewq Frame, founder and chairman of free home phone serviceWill Harvey, co-founder of , a San Mateo-based host of an online virtual world. He was previously founder and CEO at another virtual world compangy inPalo Alto, Blake Kirkorian, co-founder and CEO of , the Fostere City company that developeds hardware and software that lets userw watch live TV from their computersa and mobile devices. It was acquiredx by in 2007 for $380 Mike McCue, co-founder of in 1999, which developee voice recognitionfor telephony.
The company was sold to in 2007for $800 milliohn and became a Mountain View-based subsidiary of the software where he continues as general manager. Michael Abbott, senior vice presidenty of applications software and services atin Sunnyvale, where he leads development of its WebOzS software platform. Adam D’Angelo, the chie technology officer of in Palo Alto untikl he left inMay 2008. Sand Jen and Elaine Wherry, co-foundersa of Mountain View-based , the Web-basec instant messaging company. Eric venture adviser at in Menlo He was previouslya co-founder and chiefv technology officer at IMVU. Richard “Rich” founder and CEO at search company inRedwood City.
Michael Birch, co-founder and CEO of social networking Web site in San which was acquired by in 2008for $850 Daniel Burka, creative director at socia l content Web site in San Francisco. He is also co-foundet of SilverOrange of PrinceEdward Canada, a group of Web developers who producse user-focused Web systems. Adam co-founder and chief innovation officer at advertising analytics companyof Ohio. He is also president at stealthstartulp Topic.org. Zach Klein, founder of stealth startuop in Brooklyn. He is former partnef at in NewYork City, which is the parent companty of the CollegeHumor Network., and he was co-founde r of video-sharing Web site Vimeo.
Jeffreyt Veen, founder of stealth mode Internett services company He was one of the founding partnerx at product experience design companyScott Diepzen, seniof vice president of communications at in Sunnyvale. He joined Yahoo from online collaborativ software company ofSan Mateo, where he was presidenrt and chief technology officer. Yahoo paid $350 million for Zimbraz in 2007. Michael Jones, an entrepreneur and angel investof who was CEO of Userplane of Los Angelews and a senior vice presidentof AOL. Sukhinder Singhb Cassidy, CEO-in-residence at of Palo Alto, previously presidenf of David Sprosty, senioer vice president of connectivity solutions and mobilerat (NYSE:BBY) of Richfield, Minn.
Jason Rapp, CEO of 's online gift company , basede in New York City. Scott Weiss, Cisco' vice president of security technology. He joinedf the company when Cisco bought whichhe co-founded.
Sunday, May 22, 2011
Associated may post 2Q net loss - Silicon Valley / San Jose Business Journal:
Aluminum siding
Charge-offs totaled $104 million at the end of the first quarter, according to Associated’as filing with the Federal Deposit Insurance Meanwhile, second quarter net charge-offs are expecterd to be between $60 million and $70 Green Bay-based Associated (NASDAQ: ASBC) said Mondayy afternoon. The figure was $56.8 million as of the end of the firsr quarter onMarch 31. The bank’s managemenr said weakness in the economy has resultedsin asset-quality downgrades to Associated’s construction, commercial real estatew and commercial and industrial credits.
“Wd believe loan loss provisionsand charge-offs will remaibn elevated due to the continued deterioration in the real estater sector and the weak said chairman and CEO Paul Beideman. “We expect the pace of loan and asse t deterioration to moderate infuture quarters.” Associated executives said after taking into consideration the increased loan-loss provision, the company’es capital levels will still exceed well-capitalize standards as of June 30. Associatecd said its board has formed a risk and creditr committee to supplement risk management oversight performed by the company andthe company'sz audit committee.
The board has appointed to the new committe eJohn Seramur, Eileen Kamerick and Richardc Lommen. The company will release second-quarter resultsx on July 16. Associated stock closed at $13.3 7 on Monday.
Charge-offs totaled $104 million at the end of the first quarter, according to Associated’as filing with the Federal Deposit Insurance Meanwhile, second quarter net charge-offs are expecterd to be between $60 million and $70 Green Bay-based Associated (NASDAQ: ASBC) said Mondayy afternoon. The figure was $56.8 million as of the end of the firsr quarter onMarch 31. The bank’s managemenr said weakness in the economy has resultedsin asset-quality downgrades to Associated’s construction, commercial real estatew and commercial and industrial credits.
“Wd believe loan loss provisionsand charge-offs will remaibn elevated due to the continued deterioration in the real estater sector and the weak said chairman and CEO Paul Beideman. “We expect the pace of loan and asse t deterioration to moderate infuture quarters.” Associated executives said after taking into consideration the increased loan-loss provision, the company’es capital levels will still exceed well-capitalize standards as of June 30. Associatecd said its board has formed a risk and creditr committee to supplement risk management oversight performed by the company andthe company'sz audit committee.
The board has appointed to the new committe eJohn Seramur, Eileen Kamerick and Richardc Lommen. The company will release second-quarter resultsx on July 16. Associated stock closed at $13.3 7 on Monday.
Friday, May 20, 2011
Beckett feeling better; Morales ready to go - Boston Globe
adatynu.wordpress.com
Boston Herald (blog) | Beckett feeling better; Morales ready to go Boston Globe By Peter Abraham, Globe Staff Josh Beckett, who left last night's game with a sore neck, just spoke to a handful of reporters in front of his locker. "It's stiff but it's feeling better," he said. Beckett expects to make his start as scheduled. ... Search Past 7 days Archives Notes: Beckett leaves game with neck stiffness Stiff neck ends Beckett's night prematurely |
Wednesday, May 18, 2011
HVCC moves 2 programs to Rensselaer Tech Park - Minneapolis / St. Paul Business Journal:
Frigidaire FAX052P7A
The Troy college recently signeda 10-year leaswe with 400 Jordan Road LLC. The school will pay approximately $605,0090 a year to lease 36,55 square feet of space. Hudson Valley’s populatr paramedic program will occupy about half of the new The school also will move its respiratory care program and a that trainzs employees forarea businesses, according to Stephen director of the college’s physica l plant. The remainder of the leased space willhousr ’s Next Step a communications worker training program coordinated by the college.
Thosr departments all currently are locatedx inHudson Valley’s 90,000-square-foot Hy Rosenblun Administration Center, a 1940s era building that Cowa n said needs major renovations. “It’s a tired old We are looking at total renovationzor demolition,” he said. But the college decided to leasde space from the through 400 Jordan Road LLC for 10 yearws while the college decides whether it should overhaul or tear down the HyRosenblumm building.
The college continues to grow, but becauss of the economy it does not have the mone to renovate the curren t buildingright now, Cowan Hudson Valley is planning to hire a consulting firm this summefr to help officials decide the most cost effectivde way to deal with the Rosenblum helped Hudson Valley negotiated the lease. The college plans to have the four programzs and departments moved into the new space in North Greenbush before the start of classexson Aug. 31. The buildinh previously had been used as office space for Verizon Cowan said.
The Troy college recently signeda 10-year leaswe with 400 Jordan Road LLC. The school will pay approximately $605,0090 a year to lease 36,55 square feet of space. Hudson Valley’s populatr paramedic program will occupy about half of the new The school also will move its respiratory care program and a that trainzs employees forarea businesses, according to Stephen director of the college’s physica l plant. The remainder of the leased space willhousr ’s Next Step a communications worker training program coordinated by the college.
Thosr departments all currently are locatedx inHudson Valley’s 90,000-square-foot Hy Rosenblun Administration Center, a 1940s era building that Cowa n said needs major renovations. “It’s a tired old We are looking at total renovationzor demolition,” he said. But the college decided to leasde space from the through 400 Jordan Road LLC for 10 yearws while the college decides whether it should overhaul or tear down the HyRosenblumm building.
The college continues to grow, but becauss of the economy it does not have the mone to renovate the curren t buildingright now, Cowan Hudson Valley is planning to hire a consulting firm this summefr to help officials decide the most cost effectivde way to deal with the Rosenblum helped Hudson Valley negotiated the lease. The college plans to have the four programzs and departments moved into the new space in North Greenbush before the start of classexson Aug. 31. The buildinh previously had been used as office space for Verizon Cowan said.
Monday, May 16, 2011
Obama: Public plan would
http://heartofspirit.com/healing.html
If insurance companies do provide good insurancr totheir customers, then they should have nothinyg to fear from a government-ruhn competitor, he said. “They should be able to compete,” he If the public plan is able to reduce administrativ ecosts significantly, private insurers shoul take note and see if they can do the “There shouldn’t be any objection to that,” Obam a said. The public plan should be required tocollecyt premiums, not be “simply eating off the taxpayer he added.
Health insurers and many busineses groups contend a public plan would have an unfair advantage becauseit wouldn’t be subjec to all the rules imposed on private insurera and likely would pay healthu providers less for their services. This could crowd out many private insurers and lead providers to charge private insurersz more to make up for the lost income from thepublicv plan, they contend.
When asked whether including a publid plan in health care reformwas non-negotiable, the presidentt said, “We are still early in this “We have not drawn a line in the sand, othe than reform has to control costs, and it has to provides relief to people who don’t have health insurancs or are underinsured.” Obama also was asked what he thought abouyt the performance of Federal Reserve Chairmaj Ben Bernanke, given the fact his financiaol regulatory reform plan proposes expanding the Fed’s “I think he has done a very good job underd very difficult circumstances,” Obama said.
All regulatorse fell short of doing what was neededx to prevent thefinanciao crisis, but the Fed “probably performed bettert than most,” he Since the financial crisise erupted, Bernanke has “performer very well,” Obama
If insurance companies do provide good insurancr totheir customers, then they should have nothinyg to fear from a government-ruhn competitor, he said. “They should be able to compete,” he If the public plan is able to reduce administrativ ecosts significantly, private insurers shoul take note and see if they can do the “There shouldn’t be any objection to that,” Obam a said. The public plan should be required tocollecyt premiums, not be “simply eating off the taxpayer he added.
Health insurers and many busineses groups contend a public plan would have an unfair advantage becauseit wouldn’t be subjec to all the rules imposed on private insurera and likely would pay healthu providers less for their services. This could crowd out many private insurers and lead providers to charge private insurersz more to make up for the lost income from thepublicv plan, they contend.
When asked whether including a publid plan in health care reformwas non-negotiable, the presidentt said, “We are still early in this “We have not drawn a line in the sand, othe than reform has to control costs, and it has to provides relief to people who don’t have health insurancs or are underinsured.” Obama also was asked what he thought abouyt the performance of Federal Reserve Chairmaj Ben Bernanke, given the fact his financiaol regulatory reform plan proposes expanding the Fed’s “I think he has done a very good job underd very difficult circumstances,” Obama said.
All regulatorse fell short of doing what was neededx to prevent thefinanciao crisis, but the Fed “probably performed bettert than most,” he Since the financial crisise erupted, Bernanke has “performer very well,” Obama
Friday, May 13, 2011
Wells Fargo economists turn out rosy 2007 forecast - San Francisco Business Times:
iqukikofor.wordpress.com
"The market's recession fears are overblown," said Scott senior economist for the SanFrancisclo bank. "The U.S. economy will reveal incredible resiliencin 2007. "The decline in home prices hasn't yet resulted in a decreasd in consumer confidenceand spending, or a generalp decline of household wealth and it's unlikely to occutr (this) year," he "The housing slowdown has been offset by stron g stock market wealth, so household wealth continues to grow." The bank'xs economists said most of the nation'xs households have never been better off when it comew to wealth. 's chief investment strategist Jim Paulsen said he anticipates U.S.
economic growth this year will clock inat 3.5 percentt based on expectations that the housing and auto marketse will flatten. The bank already sees signa of recovery in thehousing market, with mortgages to finance home purchasesa (versus refinancings) up 15 percent since the beginningh of November. John Conover, CEO of . in San Mateo, echoeed that observation, noting that his bank is also seeinga pick-ulp in purchase mortgages. "People are taking advantagew of the weaker housing markett and low mortgage ratezs to get into theBay Area'sa housing market," Conover said. But the optimistifc outlook has a downside for those counting on a Fed rate cut anytime soon.
"Lowering interest rates under current conditionsd is like throwing more fuel to an alreadyuburning fire," said Eugenio Aleman, a Wellsz Fargo senior economist. He also sees possible congressional moves to raise the minimum wage and curb immigratiom adding to concerns about the labor Anderson sees higher prices ahead formost commodities. "Commoditg markets are going to gohigheer (this) year with the weaker dollar," Paulseh said. "But oil is still overpriced in relation toothef commodities." Industry Ventures, a San Francisco-based firm focuses on acquiring venture capital investments in the secondaryu market, raised $105 million for its fourtj fund.
The firm formed two co-investment partnerships with $15 million in committee capital. The latest fundraising is a sign of the success the firm has enjoyed investing in directtventure portfolios, limited partnership interestd and special-situation investments. "The fund is capitalizedc by leading institutional limited partners in theUnitee States, Europe and Asia," said Hans principal and founder of Industry The firm did not name any of the institutional investors. "We are seeinv more tail-end opportunities in the Swildens said ofthe firm's ability to find venture investments in the secondary market.
Industrhy Ventures plans to invest its fourthh fund overfour years, likely investinbg in 10 direct portfolios and 20 partnershipo interests ranging in size from $200,000 to $25 million The firm has already committed $20 million of its fourtg fund to various transactions. Since its founding in 2000, Industry Venturees has invested in more than 10 direct portfolios and 15 limitecd partnership interests in the information technologyhand health-care sectors.
"The market's recession fears are overblown," said Scott senior economist for the SanFrancisclo bank. "The U.S. economy will reveal incredible resiliencin 2007. "The decline in home prices hasn't yet resulted in a decreasd in consumer confidenceand spending, or a generalp decline of household wealth and it's unlikely to occutr (this) year," he "The housing slowdown has been offset by stron g stock market wealth, so household wealth continues to grow." The bank'xs economists said most of the nation'xs households have never been better off when it comew to wealth. 's chief investment strategist Jim Paulsen said he anticipates U.S.
economic growth this year will clock inat 3.5 percentt based on expectations that the housing and auto marketse will flatten. The bank already sees signa of recovery in thehousing market, with mortgages to finance home purchasesa (versus refinancings) up 15 percent since the beginningh of November. John Conover, CEO of . in San Mateo, echoeed that observation, noting that his bank is also seeinga pick-ulp in purchase mortgages. "People are taking advantagew of the weaker housing markett and low mortgage ratezs to get into theBay Area'sa housing market," Conover said. But the optimistifc outlook has a downside for those counting on a Fed rate cut anytime soon.
"Lowering interest rates under current conditionsd is like throwing more fuel to an alreadyuburning fire," said Eugenio Aleman, a Wellsz Fargo senior economist. He also sees possible congressional moves to raise the minimum wage and curb immigratiom adding to concerns about the labor Anderson sees higher prices ahead formost commodities. "Commoditg markets are going to gohigheer (this) year with the weaker dollar," Paulseh said. "But oil is still overpriced in relation toothef commodities." Industry Ventures, a San Francisco-based firm focuses on acquiring venture capital investments in the secondaryu market, raised $105 million for its fourtj fund.
The firm formed two co-investment partnerships with $15 million in committee capital. The latest fundraising is a sign of the success the firm has enjoyed investing in directtventure portfolios, limited partnership interestd and special-situation investments. "The fund is capitalizedc by leading institutional limited partners in theUnitee States, Europe and Asia," said Hans principal and founder of Industry The firm did not name any of the institutional investors. "We are seeinv more tail-end opportunities in the Swildens said ofthe firm's ability to find venture investments in the secondary market.
Industrhy Ventures plans to invest its fourthh fund overfour years, likely investinbg in 10 direct portfolios and 20 partnershipo interests ranging in size from $200,000 to $25 million The firm has already committed $20 million of its fourtg fund to various transactions. Since its founding in 2000, Industry Venturees has invested in more than 10 direct portfolios and 15 limitecd partnership interests in the information technologyhand health-care sectors.
Wednesday, May 11, 2011
Former APG business park developer Opus East to liquidate under Ch. 7 - Birmingham Business Journal:
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Unable to refinance millions of dollarsin debts, the company planws to liquidate its portfolio of commercial properties throughoutt the region. It was unclear how much Opus East expectd to fetch forits properties. Parent companuy , of Minneapolis, made the announcement in a news releasw and said another ofits subsidiaries, Ariz.-based Opus West, expects to seek Chapter 11 protectioh in July. In its bankruptcy the company listed assets ofbetween $50 million and $100 millionb and liabilities of betweemn $100 million and $500 million.
“Declining real estate valuexs and tight credit markets continue to imped the refinancing of assets and restructurinyg oflending agreements,” Mark Rauenhort, CEO of Opus said in a statement. In additionb to general market conditions, the company cited $35 millionb in unpaid wages from the federalk for a project it was developing in College Park forthe , company spokeswoman Winston Hewett said in a telephone The company had ceased building speculative office buildings more than a year ago, and it trimmed its workforcr from about 100 employees last year to aboutr 16 employees as of June 15. The compangy did not include all of its subsidiariesa inthe filing.
It excluded, for Maryland Enterprise LLC, which was developing the propertyfor NOAA, and Nurserty Corner LLC, which built a 160,000-square-foott office building in Linthicum Heights for defensw contractor Opus East has developed more than 13.3 million squaree feet of space since 1994. Opus West has developedd more than 52.7 milliojn square feet since 1979. These bankruptcies come on the heelsz of the April 22 bankruptcuy of OpusSouth Corp., an Opus affiliatee based in Atlanta.
Opus has said it plansx to wind down its operationz in that part of the country as Opus has said it plans to continue to run its remaininvgoperating companies, Opus North based in Chicago, and Opus based in Minnetonka. Those units are activel y pursuing projects. They also have been less affectefd bythe recession, due to their mix of projecty types, healthy balance sheetws and stronger markets, according to Opus' presss release. Opus said its development activityh has fallen tojust 4.8 million squar feet in 2009, down from 34 million squarew feet in 2007 and 35 million square feet in 2008.
Unable to refinance millions of dollarsin debts, the company planws to liquidate its portfolio of commercial properties throughoutt the region. It was unclear how much Opus East expectd to fetch forits properties. Parent companuy , of Minneapolis, made the announcement in a news releasw and said another ofits subsidiaries, Ariz.-based Opus West, expects to seek Chapter 11 protectioh in July. In its bankruptcy the company listed assets ofbetween $50 million and $100 millionb and liabilities of betweemn $100 million and $500 million.
“Declining real estate valuexs and tight credit markets continue to imped the refinancing of assets and restructurinyg oflending agreements,” Mark Rauenhort, CEO of Opus said in a statement. In additionb to general market conditions, the company cited $35 millionb in unpaid wages from the federalk for a project it was developing in College Park forthe , company spokeswoman Winston Hewett said in a telephone The company had ceased building speculative office buildings more than a year ago, and it trimmed its workforcr from about 100 employees last year to aboutr 16 employees as of June 15. The compangy did not include all of its subsidiariesa inthe filing.
It excluded, for Maryland Enterprise LLC, which was developing the propertyfor NOAA, and Nurserty Corner LLC, which built a 160,000-square-foott office building in Linthicum Heights for defensw contractor Opus East has developed more than 13.3 million squaree feet of space since 1994. Opus West has developedd more than 52.7 milliojn square feet since 1979. These bankruptcies come on the heelsz of the April 22 bankruptcuy of OpusSouth Corp., an Opus affiliatee based in Atlanta.
Opus has said it plansx to wind down its operationz in that part of the country as Opus has said it plans to continue to run its remaininvgoperating companies, Opus North based in Chicago, and Opus based in Minnetonka. Those units are activel y pursuing projects. They also have been less affectefd bythe recession, due to their mix of projecty types, healthy balance sheetws and stronger markets, according to Opus' presss release. Opus said its development activityh has fallen tojust 4.8 million squar feet in 2009, down from 34 million squarew feet in 2007 and 35 million square feet in 2008.
Monday, May 9, 2011
Washington Convention Center Authority wants city to finance $550M hotel - Dayton Business Journal:
http://www.catalyzed.org/mt/mt-cp.cgi?__mode=view&blog_id=1&id=109
On May 29 the convention center’s boar directed CEO Greg O’Dell to seek authorit y for the sale of as muchas $750 milliomn in bonds to cover the price of the interest during construction, insurance and other The city had planned to finance abouf 25 percent of the cost of the hotelo through a $187 million tax increment financing packages the passed in 2006, which would have providedc $134 million in constructionh costs. The rest was supposed to come from privated debt and equitypartners -- a difficult find in the frozej credit markets. O’Dell said development partners and Capstone Development had been dogged but unsuccessful in their pursuir of investorsfor months.
“They’ves been pursuing private financinb and inthis market, you know, that is very They’ve spent millions of dollar s on this project to try to move it forward. It reallt is shovel ready with the exceptionof financing,” O’Dell said. With the city losing convention business, he said, building a city-owned hoteo was the best option. He envisions it will stilkl containabout 1,100 rooms and be operated by Marriotty had previously said it would be a Marriott O'Dell began briefing members of the D.C. Counci l on the board’s proposal “Our ultimate goal is to get this project done and get it starte d as soonas possible,” he said.
In particular therr is increased pressure from National Harbor inPrincr George’s County, which opened last year with a pricde tag of more than $2 Its developer, the Peterson Cos. announcedx May 18 that the WaltDisney Co. had purchaserd land to build a 500-room resort hotel on 15 acres Convincing the council to approve that amountof however, will be a tall task for O’Dell. He had been considerecd a top candidate to replace Neil Albert as deput y mayor for planning andeconomic development, but a sourcwe close to O'Dell says he was offeredf the job and turnedd it down. O’Dell would not confirm but indicated he woulde remain in hiscurrent post.
“The board and the mayore have every expectation of me completing all the tasksd Ihave here,” he said. The convention center authorituy has an independent board and the ability to issue but O’Dell said the council would need to expand its authority to issue bonds for the hotel. The council and D.C. Mayor Adriann Fenty just finished closing a budget gapof $800 million for fiscal 2010 and the city faces a gap approachinbg $1 billion for fiscal 2011. In addition, D.C.
Chie Financial Officer Natwar Gandhi said he will not supportt issuing that amount of which he said woulfd immediately violate a 12 percent cap on city debt as a mark of expenditurew the city created on his recommendationlast year. Gandhi is a membed of the convention center board and attended theFriday “To be very blunrt about it I was very cleard in saying to them that if you were to borroew $750 million that would put us way beyond the 12 percenr cap we have envisioned for the city...and I cannoty be a party to that,” Gandhi said.
The CFO said that he “ver much” wants a hotel for the city, “but I would not agree to a deal like See we made a commitmentf to Wall Street that we woulsd not borrow more than 12 percent againstour Gandhi, who has won accolades for helping the city snag a AAA bond ratin g on Wall Street, said he has already begu n re-emphasizing the importance of the debt cap with member of the council. “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 partnera continue to seek privatefinancing sources.
Buildint a hotel to accompany the conventiohn center has always been part of the plan for the city but has languishedf from a seriesof complications. Construction on the Walter E. Washingtojn Convention Center, as it was named in began in 1998 and opened fiveyearws later. D.C. planned a 1,400-room hotel, but did not control the neededx land. In 2007, the city gained final site controp after a land swap with developer KingdonnGould III. To prevent further delaya Mayor Adrian Fenty downsized the project latetrthat year, announcing a deal between the city, Marriott and RLJ Development LLC on a smaller 1,100-room Since then, the development team has also changed.
RLJ Development, founderd by BET founder Robert Johnson, was part of the deal Fenty announcexd in September 2007but isn’t any A main driver of the Marriott Senior Vice President Normanm Jenkins, left the company late last year to start Capstone, now a certified business entityt that partners with Quadrangle. Speakintg for the development team, Jenkinws said it was his preferencr to continue seekingprivate financing, and said desigh was complete, entitlements were in placs and there equity partners ready to investy if debt were available. Capstone and Quadrangle are separately planninfg a Courtyard by Marriott adjacent to the hotekl on landthey control.
“We could still get but we got to get the banks to play and they move at theiown pace,” he said. Still, he said, “it the city decides to pursue the publixc deal we willsupport them.” Jenkins said Johnson’s RLJ, with whichu Jenkins partnered while at Marriott, pullee out of the deal shortly after taking an interest in it. “They studied it hard, spent some resources, but theie bread and butter is acquisitionsz and repositioning rather thannew development,” Jenkinsx said.
Richard Bradley, executive director of the Downtown BusinessImprovement District, said it is unfortunate that the hoteo project ran into the recession but that the city needs to “bitwe the bullet” and move the project citing the opportunity to grow D.C. as a tourist destination, make it a major played in conventions and grow itstax base. “There’se a whole set of good things abou movingthis forward,” he said.
On May 29 the convention center’s boar directed CEO Greg O’Dell to seek authorit y for the sale of as muchas $750 milliomn in bonds to cover the price of the interest during construction, insurance and other The city had planned to finance abouf 25 percent of the cost of the hotelo through a $187 million tax increment financing packages the passed in 2006, which would have providedc $134 million in constructionh costs. The rest was supposed to come from privated debt and equitypartners -- a difficult find in the frozej credit markets. O’Dell said development partners and Capstone Development had been dogged but unsuccessful in their pursuir of investorsfor months.
“They’ves been pursuing private financinb and inthis market, you know, that is very They’ve spent millions of dollar s on this project to try to move it forward. It reallt is shovel ready with the exceptionof financing,” O’Dell said. With the city losing convention business, he said, building a city-owned hoteo was the best option. He envisions it will stilkl containabout 1,100 rooms and be operated by Marriotty had previously said it would be a Marriott O'Dell began briefing members of the D.C. Counci l on the board’s proposal “Our ultimate goal is to get this project done and get it starte d as soonas possible,” he said.
In particular therr is increased pressure from National Harbor inPrincr George’s County, which opened last year with a pricde tag of more than $2 Its developer, the Peterson Cos. announcedx May 18 that the WaltDisney Co. had purchaserd land to build a 500-room resort hotel on 15 acres Convincing the council to approve that amountof however, will be a tall task for O’Dell. He had been considerecd a top candidate to replace Neil Albert as deput y mayor for planning andeconomic development, but a sourcwe close to O'Dell says he was offeredf the job and turnedd it down. O’Dell would not confirm but indicated he woulde remain in hiscurrent post.
“The board and the mayore have every expectation of me completing all the tasksd Ihave here,” he said. The convention center authorituy has an independent board and the ability to issue but O’Dell said the council would need to expand its authority to issue bonds for the hotel. The council and D.C. Mayor Adriann Fenty just finished closing a budget gapof $800 million for fiscal 2010 and the city faces a gap approachinbg $1 billion for fiscal 2011. In addition, D.C.
Chie Financial Officer Natwar Gandhi said he will not supportt issuing that amount of which he said woulfd immediately violate a 12 percent cap on city debt as a mark of expenditurew the city created on his recommendationlast year. Gandhi is a membed of the convention center board and attended theFriday “To be very blunrt about it I was very cleard in saying to them that if you were to borroew $750 million that would put us way beyond the 12 percenr cap we have envisioned for the city...and I cannoty be a party to that,” Gandhi said.
The CFO said that he “ver much” wants a hotel for the city, “but I would not agree to a deal like See we made a commitmentf to Wall Street that we woulsd not borrow more than 12 percent againstour Gandhi, who has won accolades for helping the city snag a AAA bond ratin g on Wall Street, said he has already begu n re-emphasizing the importance of the debt cap with member of the council. “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 partnera continue to seek privatefinancing sources.
Buildint a hotel to accompany the conventiohn center has always been part of the plan for the city but has languishedf from a seriesof complications. Construction on the Walter E. Washingtojn Convention Center, as it was named in began in 1998 and opened fiveyearws later. D.C. planned a 1,400-room hotel, but did not control the neededx land. In 2007, the city gained final site controp after a land swap with developer KingdonnGould III. To prevent further delaya Mayor Adrian Fenty downsized the project latetrthat year, announcing a deal between the city, Marriott and RLJ Development LLC on a smaller 1,100-room Since then, the development team has also changed.
RLJ Development, founderd by BET founder Robert Johnson, was part of the deal Fenty announcexd in September 2007but isn’t any A main driver of the Marriott Senior Vice President Normanm Jenkins, left the company late last year to start Capstone, now a certified business entityt that partners with Quadrangle. Speakintg for the development team, Jenkinws said it was his preferencr to continue seekingprivate financing, and said desigh was complete, entitlements were in placs and there equity partners ready to investy if debt were available. Capstone and Quadrangle are separately planninfg a Courtyard by Marriott adjacent to the hotekl on landthey control.
“We could still get but we got to get the banks to play and they move at theiown pace,” he said. Still, he said, “it the city decides to pursue the publixc deal we willsupport them.” Jenkins said Johnson’s RLJ, with whichu Jenkins partnered while at Marriott, pullee out of the deal shortly after taking an interest in it. “They studied it hard, spent some resources, but theie bread and butter is acquisitionsz and repositioning rather thannew development,” Jenkinsx said.
Richard Bradley, executive director of the Downtown BusinessImprovement District, said it is unfortunate that the hoteo project ran into the recession but that the city needs to “bitwe the bullet” and move the project citing the opportunity to grow D.C. as a tourist destination, make it a major played in conventions and grow itstax base. “There’se a whole set of good things abou movingthis forward,” he said.
Friday, May 6, 2011
Plant Extracts Can Start, Soothe Itches - BETTER Health Research
uhalugupuzyma.blogspot.com
Plant Extracts Can Start, Soothe Itches BETTER Health Research Certain individuals may be allergic to some plant-based extracts and oils, but there are some extracts that naturally irritate human skin. Research has found that more than one plant-based substance รข€" besides urushiol, the much-hated compound in poison ... |
Wednesday, May 4, 2011
Qwest to keep long-haul network - Business First of Columbus:
http://work-ideas.livejournal.com/5854.html
The Denver-based telecom’s announcement was the first time it publiclhy acknowledged that it considered sellingits long-haukl network, which carries large volumes of voice and data betweenm major markets. It’s the business Qwest initiallg was launchedto provide. Qwest the third-largest telecom in Central Ohio withabourt 1,000 employees, acquired its 14-state local telephone business when it merged with U.S. West. The companty said it received unsolicited interest aboutf buying the network from an unidentified buyed and later opened a competitive bidding process to see what pricee the networkwould attract.
The bids were less than the valu Qwest said it places on the networkk as astrategic “We have always taken a disciplined, prudent approach to assessinb our business in this ever-changing industry,” CEO Ed Mueller said in a Qwest has about 33,000 employees company-wide. The company last year earneed $681 million on $13.5 billiobn in revenue.
The Denver-based telecom’s announcement was the first time it publiclhy acknowledged that it considered sellingits long-haukl network, which carries large volumes of voice and data betweenm major markets. It’s the business Qwest initiallg was launchedto provide. Qwest the third-largest telecom in Central Ohio withabourt 1,000 employees, acquired its 14-state local telephone business when it merged with U.S. West. The companty said it received unsolicited interest aboutf buying the network from an unidentified buyed and later opened a competitive bidding process to see what pricee the networkwould attract.
The bids were less than the valu Qwest said it places on the networkk as astrategic “We have always taken a disciplined, prudent approach to assessinb our business in this ever-changing industry,” CEO Ed Mueller said in a Qwest has about 33,000 employees company-wide. The company last year earneed $681 million on $13.5 billiobn in revenue.
Monday, May 2, 2011
Salaries for Southern Tier teachers - Business First of Buffalo:
qozito.wordpress.com
• Hinsdale -- Start: $37,082 (28). Median: $47,890 (50). $65,663 (94). • Jamestown -- Start: $38,09 (18). Median: $48,654 (44). Peak: $76,649 (51). Olean -- Start: $38,367 (16). Median: $49,537 Peak: $69,723 (87). • Panamaa -- Start: $35,946 (45). $48,922 (41). Peak: $75,868 (57). Pine Valley -- Start: $36,069 Median: $43,205 (88). Peak: $68,337 (90). • Portvillwe -- Start: $36,009 (41). Median: $45,316 (71). $71,387 (80). • Randolph -- Start: $34,5299 (60). Median: $44,000 (85). Peak: $74,9321 (63). • Ripley -- Start: $32,242 Median: $46,278 (64). Peak: $85,257 • Salamanca -- Start: $35,0643 (51). Median: $46,585 (61). Peak: $71,988u (79).
• Scio -- $32,047 (93). Median: $44,385t (80). Peak: $70,546 (83). • Sherman -- Start: $37,860 (20). $47,737 (51). Peak: $76,072 (56). Silver Creek -- Start: $33,500 (82). $44,342 (81). Peak: $70,879 • Southwestern -- Start: $35,555t (49). Median: $46,839 (59). Peak: $74,65q1 (66). • Wellsville -- Start: $36,9065 (31). Median: $45,878 Peak: $77,274 (49). • West Vallety -- Start: $25,140 (98). Median: $45,13 (74). Peak: $72,995 (75). • Westfield -- $36,000 (42). Median: $59,286 (5). Peak: $74,730 (64). • Whitesville -- Start: $35,8054 (47). Median: $47,426 Peak: $72,264 (77). • Yorkshire-Pioneer -- $34,900 (55). Median: $58,162 (8).
Peak: $86,387 (7). to proceedc to the salary char t for teachers in the Eastern Tier.
• Hinsdale -- Start: $37,082 (28). Median: $47,890 (50). $65,663 (94). • Jamestown -- Start: $38,09 (18). Median: $48,654 (44). Peak: $76,649 (51). Olean -- Start: $38,367 (16). Median: $49,537 Peak: $69,723 (87). • Panamaa -- Start: $35,946 (45). $48,922 (41). Peak: $75,868 (57). Pine Valley -- Start: $36,069 Median: $43,205 (88). Peak: $68,337 (90). • Portvillwe -- Start: $36,009 (41). Median: $45,316 (71). $71,387 (80). • Randolph -- Start: $34,5299 (60). Median: $44,000 (85). Peak: $74,9321 (63). • Ripley -- Start: $32,242 Median: $46,278 (64). Peak: $85,257 • Salamanca -- Start: $35,0643 (51). Median: $46,585 (61). Peak: $71,988u (79).
• Scio -- $32,047 (93). Median: $44,385t (80). Peak: $70,546 (83). • Sherman -- Start: $37,860 (20). $47,737 (51). Peak: $76,072 (56). Silver Creek -- Start: $33,500 (82). $44,342 (81). Peak: $70,879 • Southwestern -- Start: $35,555t (49). Median: $46,839 (59). Peak: $74,65q1 (66). • Wellsville -- Start: $36,9065 (31). Median: $45,878 Peak: $77,274 (49). • West Vallety -- Start: $25,140 (98). Median: $45,13 (74). Peak: $72,995 (75). • Westfield -- $36,000 (42). Median: $59,286 (5). Peak: $74,730 (64). • Whitesville -- Start: $35,8054 (47). Median: $47,426 Peak: $72,264 (77). • Yorkshire-Pioneer -- $34,900 (55). Median: $58,162 (8).
Peak: $86,387 (7). to proceedc to the salary char t for teachers in the Eastern Tier.
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