mcfarlainofuqub1258.blogspot.com
Earlier this week, filed a foreclosure lawsuig against developer MPG Parkland andCharleds H. Monroe III, the president of Safety Harbor-based Monroe’s Prestige Group. It’s the thirdd pending foreclosure lawsuit in Southg Florida against an affiliateof Monroe’s Monroe said he hopes the bank will deal the note to anothefr investor, but if not, he is prepared to put MPG Parklan d into Chapter 11 bankruptcy protection to forcse a workout. “What’s sad is the banks don’t want to work with you,” Monroe “They don’t care.” The nearly 90,000-square-foog Parkland Commons is about 65 percent leasecd after openingthis year, Monrore said.
Besides Publix, tenants include Mercanti Commercebank and Renaissance WellnessDay Spa. It sits on a 22.8-acrse site at North University Drive and Trailzs End in the wealthy city of Part of the site is Bankof America’s lawsuit is based on a mortgage to MPG Parkland last modifiee at $31 million in 2007. The complaint also namex Boston-based TriSail Funding which gave the developera $4.3 milliom mortgage in April 2008.
Monroe said he had to stop payintg interest on the Bank of America mortgage becaused he could not lease enough of the He found a tenant that signerd a lease for the restaurang atParkland Commons, but said Bank of Americ a would not fund the tenant improvements to ready the spaced for occupancy, so he could start collectinb rent, Monroe said. “It makes no he said. Miami-based attorney Lee D.
who represents Bank of America inthe lawsuit, did not immediatelty return a call seeking Monroe also is named in pendingt foreclosure lawsuits by targetinfg the Best Buy-anchored Cora l Landings III in Coral Springs/Margate and by BankAtlantic targetint the Publix-anchored Quantum Village in Boynto Beach. In April, Miami-based TW Plaza Holdings purchased the delinquenr mortgageon Monroe’s Publix-anchored Coral Landings II in Coralp Springs and acquired the propertg with a deed in lieu of foreclosure. Monroe’ws Prestige Group also owns shopping centers in Jupitetr and NorthMiami Beach. Monroe said the latter one is also havingb issues withits bank, but is not in foreclosure.
Thursday, June 30, 2011
Tuesday, June 28, 2011
UnitedHealth Group sees membership decline - Minneapolis / St. Paul Business Journal:
qalymeled.wordpress.com
billion to $2.2 billion. UnitedHealth’s trading at around 40 percenrt of the value it was at the end of coupled with its low annualizeddividende rate, put the company’s returnn to shareholders 75th for 2008. The company took a hit when announcingan $895 millioh settlement of a shareholdert lawsuit related to a stock-options scandalk involving former CEO William Legal settlements and rising medicaol costs cut into second-quarter earningzs for UnitedHealth, which reported earnings of $337 million for the down from $1.23 billion the previouw year largely due to the settlement of two class-action lawsuits that resulted in a total pretazx charge of $922 million.
The news hasn’ all been bad. UnitedHealth did see gains in its Healthb Care Services and OptumHealth companiess during thethird quarter. Like many other however, UnitedHealth has been hit by the It has seen membership decreases due to layoffszand “that puts pressure on revenues and said David Toung, a research analystg with The Minnetonka-based health insurerf in early December slightly raised the bottom range of its guidancw for 2009 to $85 billion from $84 billion, whilr keeping its profit outlook the same at $2.900 to $3.
15 per
billion to $2.2 billion. UnitedHealth’s trading at around 40 percenrt of the value it was at the end of coupled with its low annualizeddividende rate, put the company’s returnn to shareholders 75th for 2008. The company took a hit when announcingan $895 millioh settlement of a shareholdert lawsuit related to a stock-options scandalk involving former CEO William Legal settlements and rising medicaol costs cut into second-quarter earningzs for UnitedHealth, which reported earnings of $337 million for the down from $1.23 billion the previouw year largely due to the settlement of two class-action lawsuits that resulted in a total pretazx charge of $922 million.
The news hasn’ all been bad. UnitedHealth did see gains in its Healthb Care Services and OptumHealth companiess during thethird quarter. Like many other however, UnitedHealth has been hit by the It has seen membership decreases due to layoffszand “that puts pressure on revenues and said David Toung, a research analystg with The Minnetonka-based health insurerf in early December slightly raised the bottom range of its guidancw for 2009 to $85 billion from $84 billion, whilr keeping its profit outlook the same at $2.900 to $3.
15 per
Sunday, June 26, 2011
Varied dishes on food trucks can literally provide a movable feast - Lansing State Journal
borislavamcoc.blogspot.com
Varied dishes on food trucks can literally provide a movable feast Lansing State Journal A customer orders at Trailer Park'd, a mobile restaurant in Lansing owned by Jesse Hahn. It opened this spring. / TRICIA BOBEDA/Lansing State Journal Cake pops from The Purple Carrot in East Lansing. / TRICIA BOBEDA/Lansing State Journal Nina Santucci ... |
Friday, June 24, 2011
Red Roof restructuring debt after mortgage defaults - Business First of Columbus:
http://oneveteransvoice.com/blog/2006/07/99-deflated.html
Horsham, Pa.-based , a ratings agencuy that trackscommercial mortgage-backed securitied for investors, said four of the company’sa mortgage loans have been reported to be 30 days delinquenr and are being transferred to a special servicer. Frank a managing director at Realpoint, said the collateralized by 131 RedRoof properties, total about $361.4 Red Roof has four smaller mortgage loans totaling about $12.4 million that are current, according to a Realpoint alert issued late Wednesday. The hotel chaijn said it is in talks with lendersx to restructure debt relaterd to the acquisition ofthe company’sw real estate assets “due to the current state of the lodginb industry.
” Red Roof in 2008 was spun off to two privates investment firms for $1.3 billiob and moved back to Columbuz after being owned by Mote l 6 owner “To date, discussionzs have been highly constructive and we expectf a positive resolution in due course,” the compant said in a statement. “Thesed discussions do not affectthe day-to-day operations of the company’ds properties and will not affect Red Roof’s employees, vendors or franchise owners.” A Red Roof spokeswoman declined to commentr beyond the company’s statement. Red Roof has aboutg 4,500 employees and about 350 company-owned and franchiseds properties.
Horsham, Pa.-based , a ratings agencuy that trackscommercial mortgage-backed securitied for investors, said four of the company’sa mortgage loans have been reported to be 30 days delinquenr and are being transferred to a special servicer. Frank a managing director at Realpoint, said the collateralized by 131 RedRoof properties, total about $361.4 Red Roof has four smaller mortgage loans totaling about $12.4 million that are current, according to a Realpoint alert issued late Wednesday. The hotel chaijn said it is in talks with lendersx to restructure debt relaterd to the acquisition ofthe company’sw real estate assets “due to the current state of the lodginb industry.
” Red Roof in 2008 was spun off to two privates investment firms for $1.3 billiob and moved back to Columbuz after being owned by Mote l 6 owner “To date, discussionzs have been highly constructive and we expectf a positive resolution in due course,” the compant said in a statement. “Thesed discussions do not affectthe day-to-day operations of the company’ds properties and will not affect Red Roof’s employees, vendors or franchise owners.” A Red Roof spokeswoman declined to commentr beyond the company’s statement. Red Roof has aboutg 4,500 employees and about 350 company-owned and franchiseds properties.
Tuesday, June 21, 2011
KENYA: Poor adherence threatens paediatric ARV programme - Plus News
asafevboriegum.blogspot.com
KENYA: Poor adherence threatens paediatric ARV programme Plus News "It is very hard to maintain adherence in children because they rely on others to give them medicine, some change regimens as they grow into adolescence and they can hardly cope with the many drugs they are expected to take," said Dr Andrew Suleh, ... |
Sunday, June 19, 2011
Metrolist: Denver's resale housing market showing hopeful signs - Orlando Business Journal:
mytyhona.wordpress.com
Single-family home sales in June, for example, were equally splirt between the lower price ranges that appeakto first-time homebuyers and pricief houses that attract homebuyers moving up to larger and/or more expensive "Earlier this year, the majorityh of resale home activity was first-time homebuyers, distressesd properties and investor activity," independent Littletoh broker Gary Bauer said in a statement. "June appear s to be the transition to a normal Denvermarket -- a markey with both first-time homebuyer activitgy as well as 'move-up' activity.
" Resal homes are those that have sold at least once Combined sales of single-family houses and condominiumd increased 15.4 percent to 4,1876 in June from 3,628 in May. Late springt and summer traditionally arethis country's prims home-selling season, because families buying and selling homes try to complet e deals and move when children are out of But June home sales this year were down 13.6 percenrt from 4,845 for the same mont of 2008. In 3,328 single-family homes were sold, up from 2,85y sales in May, but down from 3,847u for the year-prior Last month, condo sales rose to 858 from 771in April, but were down from 998 year over Average sold price for both types of home rose 6.
34 percenr to $258,434 in June from $243,02 2 in May. That price was down 3.21 percent from June 2008'as average selling price of $267,005. Average sold prices for single-family homes -- which is up from $262,066 in May, but down from $286,887u from the year-prior June. Median sold price for single-familyg homes -- $237,500, up from both the previouss month ($220,000) and from June 2008 The median sold price for a home is the middle priced between highestand lowest. It's considered a truer measure of price than average by many real estate professionalsbecause it's not skewed by highest and lowesg prices.
Average sold price for condos -- down from $172,454 in May and $190,367 year over Median sold price forcondos -- $139,837, up from $137,000 in May, but a drop from $148,34t5 for the year-prior June. Condoa also are selling faster with an average of 97 days on the markefin June, down from 110 days in May and from 108 days year over For this year's first six months, totalo home sales and sold prices were down from the same periodd of 2008, according to Metrolist. Combinexd sales of single-family homes and condos decreased 17.5 percent to 19,36w3 from 23,471 for the first six months of last Average selling price was down nearly 8 percengto $235,930 from $256,408.
Averag e days on the market for both housing types dippec to 104through June, from 106 for the same periof of 2008. Other year-to-date data througgh June, compared to the same period of include: Single-family homes sold -- 15,432, down from Average single-family home sold priced -- $256,353, down from $277,566. Median single-familu home sold price -- down from $224,900. Condos sold -- 3,931, down from Average sold price forcondos -- down from $176,426. Median sold price for condozs -- $129,000, down from $139,000.
Basefd in Greenwood Village, Metrolisft is metro Denver's Multiplee Listing Service, which is an association of real estate brokersd that share property listingsx witheach other.
Single-family home sales in June, for example, were equally splirt between the lower price ranges that appeakto first-time homebuyers and pricief houses that attract homebuyers moving up to larger and/or more expensive "Earlier this year, the majorityh of resale home activity was first-time homebuyers, distressesd properties and investor activity," independent Littletoh broker Gary Bauer said in a statement. "June appear s to be the transition to a normal Denvermarket -- a markey with both first-time homebuyer activitgy as well as 'move-up' activity.
" Resal homes are those that have sold at least once Combined sales of single-family houses and condominiumd increased 15.4 percent to 4,1876 in June from 3,628 in May. Late springt and summer traditionally arethis country's prims home-selling season, because families buying and selling homes try to complet e deals and move when children are out of But June home sales this year were down 13.6 percenrt from 4,845 for the same mont of 2008. In 3,328 single-family homes were sold, up from 2,85y sales in May, but down from 3,847u for the year-prior Last month, condo sales rose to 858 from 771in April, but were down from 998 year over Average sold price for both types of home rose 6.
34 percenr to $258,434 in June from $243,02 2 in May. That price was down 3.21 percent from June 2008'as average selling price of $267,005. Average sold prices for single-family homes -- which is up from $262,066 in May, but down from $286,887u from the year-prior June. Median sold price for single-familyg homes -- $237,500, up from both the previouss month ($220,000) and from June 2008 The median sold price for a home is the middle priced between highestand lowest. It's considered a truer measure of price than average by many real estate professionalsbecause it's not skewed by highest and lowesg prices.
Average sold price for condos -- down from $172,454 in May and $190,367 year over Median sold price forcondos -- $139,837, up from $137,000 in May, but a drop from $148,34t5 for the year-prior June. Condoa also are selling faster with an average of 97 days on the markefin June, down from 110 days in May and from 108 days year over For this year's first six months, totalo home sales and sold prices were down from the same periodd of 2008, according to Metrolist. Combinexd sales of single-family homes and condos decreased 17.5 percent to 19,36w3 from 23,471 for the first six months of last Average selling price was down nearly 8 percengto $235,930 from $256,408.
Averag e days on the market for both housing types dippec to 104through June, from 106 for the same periof of 2008. Other year-to-date data througgh June, compared to the same period of include: Single-family homes sold -- 15,432, down from Average single-family home sold priced -- $256,353, down from $277,566. Median single-familu home sold price -- down from $224,900. Condos sold -- 3,931, down from Average sold price forcondos -- down from $176,426. Median sold price for condozs -- $129,000, down from $139,000.
Basefd in Greenwood Village, Metrolisft is metro Denver's Multiplee Listing Service, which is an association of real estate brokersd that share property listingsx witheach other.
Friday, June 17, 2011
Alsace offers food-friendly Riesling - TheChronicleHerald.ca
http://hotuae.com/Jewelry/outlets.htm
CANOE | Alsace offers food-friendly Riesling TheChronicleHerald.ca Gorgeous citrus concentration, with lovely mineral counterpoint, vibrant acidity, generous weight in the mouth and an appetizingly dry finish. Terredora Loggia Della Serra 2009, Greco di Tufo DOCG, 13.5%, $28.79, NSLC Port of Wines: Nose is redolent ... Fielding Estate Winery 2010 Riesling Estate Bottled. (Handout) More Rieslings… but this time from Washington State! |
Tuesday, June 14, 2011
Wife of Congo diplomat arrested in Romania - The Seattle Times
ysynut.wordpress.com
Boston Globe | Wife of Congo diplomat arrested in Romania The Seattle Times Timisoara county court in western Romania ordered that Esther Pascaline be held for 29 days pending trial Tuesday, following Monday's discovery. Her Serbian driver, Miljan Vujosevic, and two other Serbs citizens were also arrested and charged. ... Timis customs: A Congo Embassy to Serbia diplomat involved in traffic smuggling Wife of Congo diplomat arrested in Romania Wife of Congo diplomat arrested in Romania |
Sunday, June 12, 2011
Most States See Increases as Hispanic Population Grows - Voice of America
yvejodo.wordpress.com
Most States See Increases as Hispanic Population Grows Voice of America Double-click any word to find the definition in the Merriam-Webster Learner's Dictionary BARBARA KLEIN: Welcome to THIS IS AMERICA in VOA Special English. I'm Barbara Klein. MARIO RITTER: And I'm Mario Ritter. This week on our program, we talk about ... |
Friday, June 10, 2011
Senators skeptical about expanding Federal Reserve
ykyhola.blogspot.com
The leaders of the Senatd Banking Committee agreed that regulatory reformaswere needed, but they were skeptical about giving the additional Under the administration’s proposal, the Federakl Reserve would be given the responsibility to supervise “thes largest, most complex and interconnected and be “the first responder in a financialo emergency,” Geithner said. Sen. Chris Dodd, D-Conn., who chair s the Senate Banking Committee, questionesd why the Fed should be givej more power when many experts question its track record on itscurrent responsibilities.
Its proposed new role as the regulatodr of systemic risk also could conflictf with its primary role of setting monetary he said. Sen. Richard R-Ala., said it was unrealistif to expect the Fed to handle somany roles, and that its structurse is not suited for the role of a systemif risk regulator. Plus, he said, Congress has not spent enougnh time discussing the concept of systemic risk andhow -- or if -- it can be Geithner said he saw no conflict between regulating systemic risk and setting monetary policy.
The additionall authority that would be given the Fedis “quite and builds on theif existing authority” to supervise financial institutions, he The administration’s plan would transfer the Federal Reserve’s consumedr protection responsibilities to a new which would take away some authorityt and remove “a distraction” from the Fed. “Io wish consumer protection had been more of a distractiojn atthe Fed,” Dodd responded. Dodd strongly supportef the administration’s proposal to create a Consumer FinancialProtectioh Agency.
This new regulator wouldr look out for the interests of consumers of financialp products and writerules that, in Geithner’s words, “promotee transparency, simplicity and fairness.” Existingg regulators “turned a blind eye” to the subprime mortgages and that caused the financia crisis, Dodd said. “Ig was regulatory neglect that allowed the crisiato spread,” he said. “Let’s put a cop on the beat so thisspectacular failure” is never repeated again. Critics of this proposapl contend it would needlessly add another layedr of government regulation and could stifle innovatiojn in thefinancial sector.
however, showed little patience for objectionws from the financial industry on the The people who createdthe nation’s economic crisis are arguing that consumers shouldn’t be protected, he “What planet are you living on?” he
The leaders of the Senatd Banking Committee agreed that regulatory reformaswere needed, but they were skeptical about giving the additional Under the administration’s proposal, the Federakl Reserve would be given the responsibility to supervise “thes largest, most complex and interconnected and be “the first responder in a financialo emergency,” Geithner said. Sen. Chris Dodd, D-Conn., who chair s the Senate Banking Committee, questionesd why the Fed should be givej more power when many experts question its track record on itscurrent responsibilities.
Its proposed new role as the regulatodr of systemic risk also could conflictf with its primary role of setting monetary he said. Sen. Richard R-Ala., said it was unrealistif to expect the Fed to handle somany roles, and that its structurse is not suited for the role of a systemif risk regulator. Plus, he said, Congress has not spent enougnh time discussing the concept of systemic risk andhow -- or if -- it can be Geithner said he saw no conflict between regulating systemic risk and setting monetary policy.
The additionall authority that would be given the Fedis “quite and builds on theif existing authority” to supervise financial institutions, he The administration’s plan would transfer the Federal Reserve’s consumedr protection responsibilities to a new which would take away some authorityt and remove “a distraction” from the Fed. “Io wish consumer protection had been more of a distractiojn atthe Fed,” Dodd responded. Dodd strongly supportef the administration’s proposal to create a Consumer FinancialProtectioh Agency.
This new regulator wouldr look out for the interests of consumers of financialp products and writerules that, in Geithner’s words, “promotee transparency, simplicity and fairness.” Existingg regulators “turned a blind eye” to the subprime mortgages and that caused the financia crisis, Dodd said. “Ig was regulatory neglect that allowed the crisiato spread,” he said. “Let’s put a cop on the beat so thisspectacular failure” is never repeated again. Critics of this proposapl contend it would needlessly add another layedr of government regulation and could stifle innovatiojn in thefinancial sector.
however, showed little patience for objectionws from the financial industry on the The people who createdthe nation’s economic crisis are arguing that consumers shouldn’t be protected, he “What planet are you living on?” he
Tuesday, June 7, 2011
Woodland mall loses manager, regional director - Sacramento Business Journal:
tiqosi.wordpress.com
That’s no problem, mall owner Raymonx Arjmand insistedthis week. Manager turnover is norma in the industry, he said. he added, the mall manager is just an administrativde personwith “very limited authority.” The same, he said, with the regionakl director job, even though a year ago the man who held that job said he oversas real estate, management and marketing for all of Arjmand’sz properties. Gone are Jeff DiJulius, the regionak director who started at County Fair a year ago and left in and AnneKennedy Lynch, the most recent generakl manager and also DiJulius’ wife. Lynchn was hired in the spring andleft Nov. 5.
DiJulius, now in would not discuss why he Larry Quartuccio, general manager before left after about six months. He replaced Debbi e Kennedy who leftafter 10½ years with the 7½ of them as generalk manager. Arjmand, a Southernj California investor, owns malls in several statea and abroad. Arjmand, who bought the Woodlanfd mall in 2005for $15.1 million, said he and his staff in Calabasas can oversee operations in Woodlands through phone calls and periodic visits. He said he anticipate s hiring a replacement general manager in afew weeks. The mall’s secretarg is acting as assistant mall he said.
Other mallss in the region, meanwhile, have managerss who leave only for a few hours a day during theChristmas rush. The mall also faces what some experts suspect will be a dismal national shopping season with one of its four anchor stores dark andanother liquidating. will begin operatin g from the former Target store earlyynext year. , meanwhile, is liquidating after the chaihn calledit quits. That leaveas and to anchor thealmost 400,000-square-fooft shopping center for the As for anchors, Arjmand enthusiastically noted that Burlington Coat Factory will invest significantly in a remodel of the spacew it will occupy.
He said Mervyn’s hasn’ty officially notified him of its pending closure at the When theretailer leaves, Arjmands said he’ll quickly be able to land another He expressed confidence despite a national retail markey that’s been hammered by almost non-existent consumer confidence, a credit crisis, retailers shuttering numerouw stores and a stringb of retail bankruptcies. Arjmand said he didn’yt have occupancy numbers for the mallreadilyu available. County Fair has been battling high vacancies for years.
Tenants and community members had finally startefd to express optimism after Arjmandinvested $20 milliob in a renovation since he took over the mall and new tenantsd signed on. Several tenants in the mall declined to speakk about themall
That’s no problem, mall owner Raymonx Arjmand insistedthis week. Manager turnover is norma in the industry, he said. he added, the mall manager is just an administrativde personwith “very limited authority.” The same, he said, with the regionakl director job, even though a year ago the man who held that job said he oversas real estate, management and marketing for all of Arjmand’sz properties. Gone are Jeff DiJulius, the regionak director who started at County Fair a year ago and left in and AnneKennedy Lynch, the most recent generakl manager and also DiJulius’ wife. Lynchn was hired in the spring andleft Nov. 5.
DiJulius, now in would not discuss why he Larry Quartuccio, general manager before left after about six months. He replaced Debbi e Kennedy who leftafter 10½ years with the 7½ of them as generalk manager. Arjmand, a Southernj California investor, owns malls in several statea and abroad. Arjmand, who bought the Woodlanfd mall in 2005for $15.1 million, said he and his staff in Calabasas can oversee operations in Woodlands through phone calls and periodic visits. He said he anticipate s hiring a replacement general manager in afew weeks. The mall’s secretarg is acting as assistant mall he said.
Other mallss in the region, meanwhile, have managerss who leave only for a few hours a day during theChristmas rush. The mall also faces what some experts suspect will be a dismal national shopping season with one of its four anchor stores dark andanother liquidating. will begin operatin g from the former Target store earlyynext year. , meanwhile, is liquidating after the chaihn calledit quits. That leaveas and to anchor thealmost 400,000-square-fooft shopping center for the As for anchors, Arjmand enthusiastically noted that Burlington Coat Factory will invest significantly in a remodel of the spacew it will occupy.
He said Mervyn’s hasn’ty officially notified him of its pending closure at the When theretailer leaves, Arjmands said he’ll quickly be able to land another He expressed confidence despite a national retail markey that’s been hammered by almost non-existent consumer confidence, a credit crisis, retailers shuttering numerouw stores and a stringb of retail bankruptcies. Arjmand said he didn’yt have occupancy numbers for the mallreadilyu available. County Fair has been battling high vacancies for years.
Tenants and community members had finally startefd to express optimism after Arjmandinvested $20 milliob in a renovation since he took over the mall and new tenantsd signed on. Several tenants in the mall declined to speakk about themall
Sunday, June 5, 2011
Cheryl Cole Invited To Come Back To US X Factor! - PerezHilton.com
yjanebixe.wordpress.com
BBC News | Cheryl Cole Invited To Come Back To US X Factor! PerezHilton.com Less than 2 weeks after being fired from US X Factor, Cheryl Cole has been invited BACK to the show and sources say it's » |
Friday, June 3, 2011
Executive Council suggests ways to boost Dubai tourism - Khaleej Times
aplecheevlgupy.blogspot.com
Executive Council suggests ways to boost Dubai tourism Khaleej Times DUBAI - The General Secretariat of the Dubai Executive Council announced on Thursday the conclusion of the first session of the Dubai Partnership Agenda (DPA). Launched in September last year, the DPA's first session was aligned to discuss ... |
Wednesday, June 1, 2011
Mixed-use development emphasizes research, technology and global commerce - Houston Business Journal:
zlatkopaisley1275.blogspot.com
The first two buildings, totaling 288,000 square feet of development and commercial space and valued atabout $300 million, have been completef in the past few The project is distinguished by a soaring 125-foot shad structure that anchors the plazwa between the two At build-out, SkySong — formallhy called the ASU Scottsdale Innovation Centedr — will include 1.2 million square feet of commercialk space and an assortment of urban But the foremost goal from the starr was to create an office development with an international high-tec cachet. Even when times were robusty within thedevelopment community, the plan to buildr SkySong was no easy task.
it took a collection of local and national along with the Arizona State University Foundationb and the cityof Scottsdale, to pull off the developmenf duties. But once it was off the wouldtenants come? They did. Office leasing activithy appears stronger at SkySong than at project in other parts ofthe Valley, with more than a doze companies from outside the U.S. occupying Local firms also have signed on to participate in what they believee will bean innovative, internationallhy infused environment. Craig Coppola, principal of , which recently assumed the listing assignmentfor SkySong, credits ASU for gettinv the ball rolling.
“The connection with ASU has driven a majority of tenantasto date,” he “The school has a great global reach, and they’rwe a huge innovator and technology engine in North Nate Summer, director of strategicc partnerships at ASU, said that was the plan all along: Leverage ASU’ s global connections to attract internationalp companies, then use that to appeal to more conventional firms. Attracting globao business, however, isn’t that easy. Companies in other countries usuallyu have a solid idea about the kinds of cities that hold appeak for them inthe U.S. Usually, that’s drivenh by cultural connections andmediaw profile.
For instance, Los Angeles, New York and San Francisci all have vibrant ethnic neighborhoods ofhistorical distinction. They also attracrt international press. “When you look at that Arizona doesn’t come to mind,” Summer So Summer and his team developed a strategy they hoped would put SkySong onforeigh companies’ radar screens. “We told them we’ds invest resources to help them navigate the challenge of operating in the he said. “It’s a daunting challenge for many of them to do business inthe U.S. Ther are many barriers to entry.
” Some of the greatestf barriers involve language and social By working to overcome those SkySong has been able to attract an interesting collection ofglobal firms. One of those is , a Singapore-baseds company that focuses on educational testpreparation software. Co-ownefr Viswanath Parameswaren credits ASU for developinb a creative environment that will enhancehis company’s experiences and reach in the U.S. “Ovetr the last year, (SkySong) has becomr an excellent test bed for our ideas and he said.
“The ability to mix and shard ideas withglobal entrepreneurs, students and facultuy has added to our
The first two buildings, totaling 288,000 square feet of development and commercial space and valued atabout $300 million, have been completef in the past few The project is distinguished by a soaring 125-foot shad structure that anchors the plazwa between the two At build-out, SkySong — formallhy called the ASU Scottsdale Innovation Centedr — will include 1.2 million square feet of commercialk space and an assortment of urban But the foremost goal from the starr was to create an office development with an international high-tec cachet. Even when times were robusty within thedevelopment community, the plan to buildr SkySong was no easy task.
it took a collection of local and national along with the Arizona State University Foundationb and the cityof Scottsdale, to pull off the developmenf duties. But once it was off the wouldtenants come? They did. Office leasing activithy appears stronger at SkySong than at project in other parts ofthe Valley, with more than a doze companies from outside the U.S. occupying Local firms also have signed on to participate in what they believee will bean innovative, internationallhy infused environment. Craig Coppola, principal of , which recently assumed the listing assignmentfor SkySong, credits ASU for gettinv the ball rolling.
“The connection with ASU has driven a majority of tenantasto date,” he “The school has a great global reach, and they’rwe a huge innovator and technology engine in North Nate Summer, director of strategicc partnerships at ASU, said that was the plan all along: Leverage ASU’ s global connections to attract internationalp companies, then use that to appeal to more conventional firms. Attracting globao business, however, isn’t that easy. Companies in other countries usuallyu have a solid idea about the kinds of cities that hold appeak for them inthe U.S. Usually, that’s drivenh by cultural connections andmediaw profile.
For instance, Los Angeles, New York and San Francisci all have vibrant ethnic neighborhoods ofhistorical distinction. They also attracrt international press. “When you look at that Arizona doesn’t come to mind,” Summer So Summer and his team developed a strategy they hoped would put SkySong onforeigh companies’ radar screens. “We told them we’ds invest resources to help them navigate the challenge of operating in the he said. “It’s a daunting challenge for many of them to do business inthe U.S. Ther are many barriers to entry.
” Some of the greatestf barriers involve language and social By working to overcome those SkySong has been able to attract an interesting collection ofglobal firms. One of those is , a Singapore-baseds company that focuses on educational testpreparation software. Co-ownefr Viswanath Parameswaren credits ASU for developinb a creative environment that will enhancehis company’s experiences and reach in the U.S. “Ovetr the last year, (SkySong) has becomr an excellent test bed for our ideas and he said.
“The ability to mix and shard ideas withglobal entrepreneurs, students and facultuy has added to our
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