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Tarleton-Central Texas is being renamedTexas A&M University-Central Texasa and the San Antonio school is now Texasw A&M University-San Antonio. The addition of the two schools brings the total number of independent universities inthe A&k System to 11. In March, the Texas Higher Educatioj Coordinating Board certified TarletonState University-Centralp Texas’ spring 2009 enrollment at 1,204 full-time surpassing the 1,000 mark set by the legislature. Texas A&MM System Chancellor Michael D. McKinney and Army Secretaryg Pete Geren signed an agreement in May to transfer 662 acres from Fort Hood tothe A&M Systemj to be used for the A&M-Central Texas campus.
In May, the Texas Legislaturer passed a bill to lowerthe full-time enrollment thresholx from 1,500 to 1,000 and free up $40 million in tuitionh revenue bonds to build the A&M-San Antonilo campus. It will be located on 700 acred south of Loop 410 between Pleasanton Road and SoutyZarzamora Street. The system, which has offices in 250 of the state’as 254 counties, also includes sevebn state agencies and a comprehensive healthscience center. It operatesw a $3 billion budget and educates morethan 109,000o students.
Friday, August 31, 2012
Thursday, August 30, 2012
Economy doesn
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So why are officials at flying off next montnh for an annual shareholders meetinyin Germany? It’ll be the third time in four yearxs that the Highland Heights-based manufacturer has done so outside the Unitefd States. Last year the boars and top executives traveled to tropicalCostaw Rica. In 2006, it was sunny Barcelona at the company’sd European headquarters in Spain. Going where customers, employees are Lest anyon mistake them formere junkets, CEO Greg Kenngy steadfastly defends the practice and praises his “hardworking, very board members. “I see it as the We’re a global business. Our job is to be wherre our customers and ourpeople are.
I’jm blessed with a board that will go,” he said. Directorse and a handful of topexecutivez – no spouses – fly on commercialp airlines. “We don’t have a corporate Never have,” Kenny said. This year, they’lol be departing on Memorial Day and returning thefollowingt Saturday. After arriving on the Nort Sea coast northof Bremen, they’ll spend three full days in business meetingw and related activities there and in France, he said. The May 27 meeting will be simulcast at its headquarters for shareholderswho can’f make it to Germany.
“This is reallty a working board session that happens to have an annual shareholder meeting tiedto it,” Kenny said. The meeting’s location dependsd on what’s happening around the world. Jack non-executive chairman of General Cable’w board, said the decision to meet in Germany was made monthsa ago before theeconomy slumped. It was schedulec to coincide with the opening of a factorhy in Nordenham to make underseapower cables. “It’s reallt to celebrate the completion of thatfactory ... to give the boar d an opportunity to see a facilityh outsidethe U.S.,” Welsu said.
Changing plans because of the economy would send thewrong message, he General Cable acquired in 2007 from None of the boarsd members has been there yet. Bill a professor of law at Salmoj Chase College of Lawat , said theree are few restrictions on where companies can hold annuap meetings. “Under corporation law, they’re free to hold it whereveer they want,” said Sjorstrom, who has writtebn numerous papers onsecurities law, including a 2006 papere that questioned the valude of requiring annual meetings at all. Kenny hasn’t examinedc where other U.S.
companies hold their annual meetings he couldn’t name another that holdd them out of the countryh – and said it’s not an issue that concerns him. “The shareholders meeting, I’m guessing, will be one There’s three days of work beyond that,” he said. “What I care about is the performance of my We have run this company tighgtfor years.” Shawn Harrison, an analyst at in said the company has controllec costs well in the current slump. “Theu have run their operations quits efficientlyto date. The margins have held up betterd than in otherdown cycles,” said Harrison.
Harriso initiated coverage of Generaol Cable last month witha “neutral” rating based on short-term economic concerns. He cited longer-term potential, in part because it has lots of “dr powder” for attractively priced That fitswith Kenny’as vision of a global company that “happens to be headquarteref in Northern Kentucky ... not U.S.-centric.” He wantd employees to believe that its futurde CEOs could comefrom anywhere. Getting officials out to its facilitieas around the globe is an important part of instillinghthat culture. “As opposed to ordering people to HighlandsHeights ...
that’s not my visioh of how to run the company,” said Kenny, who spend s half of his own time onthe “I think our investors would be disappointef if we weren’t out in the To me, this is the best possiblw way to spend money. We’re really a global company. This is a way of gettinh a big ideadriven home.”
So why are officials at flying off next montnh for an annual shareholders meetinyin Germany? It’ll be the third time in four yearxs that the Highland Heights-based manufacturer has done so outside the Unitefd States. Last year the boars and top executives traveled to tropicalCostaw Rica. In 2006, it was sunny Barcelona at the company’sd European headquarters in Spain. Going where customers, employees are Lest anyon mistake them formere junkets, CEO Greg Kenngy steadfastly defends the practice and praises his “hardworking, very board members. “I see it as the We’re a global business. Our job is to be wherre our customers and ourpeople are.
I’jm blessed with a board that will go,” he said. Directorse and a handful of topexecutivez – no spouses – fly on commercialp airlines. “We don’t have a corporate Never have,” Kenny said. This year, they’lol be departing on Memorial Day and returning thefollowingt Saturday. After arriving on the Nort Sea coast northof Bremen, they’ll spend three full days in business meetingw and related activities there and in France, he said. The May 27 meeting will be simulcast at its headquarters for shareholderswho can’f make it to Germany.
“This is reallty a working board session that happens to have an annual shareholder meeting tiedto it,” Kenny said. The meeting’s location dependsd on what’s happening around the world. Jack non-executive chairman of General Cable’w board, said the decision to meet in Germany was made monthsa ago before theeconomy slumped. It was schedulec to coincide with the opening of a factorhy in Nordenham to make underseapower cables. “It’s reallt to celebrate the completion of thatfactory ... to give the boar d an opportunity to see a facilityh outsidethe U.S.,” Welsu said.
Changing plans because of the economy would send thewrong message, he General Cable acquired in 2007 from None of the boarsd members has been there yet. Bill a professor of law at Salmoj Chase College of Lawat , said theree are few restrictions on where companies can hold annuap meetings. “Under corporation law, they’re free to hold it whereveer they want,” said Sjorstrom, who has writtebn numerous papers onsecurities law, including a 2006 papere that questioned the valude of requiring annual meetings at all. Kenny hasn’t examinedc where other U.S.
companies hold their annual meetings he couldn’t name another that holdd them out of the countryh – and said it’s not an issue that concerns him. “The shareholders meeting, I’m guessing, will be one There’s three days of work beyond that,” he said. “What I care about is the performance of my We have run this company tighgtfor years.” Shawn Harrison, an analyst at in said the company has controllec costs well in the current slump. “Theu have run their operations quits efficientlyto date. The margins have held up betterd than in otherdown cycles,” said Harrison.
Harriso initiated coverage of Generaol Cable last month witha “neutral” rating based on short-term economic concerns. He cited longer-term potential, in part because it has lots of “dr powder” for attractively priced That fitswith Kenny’as vision of a global company that “happens to be headquarteref in Northern Kentucky ... not U.S.-centric.” He wantd employees to believe that its futurde CEOs could comefrom anywhere. Getting officials out to its facilitieas around the globe is an important part of instillinghthat culture. “As opposed to ordering people to HighlandsHeights ...
that’s not my visioh of how to run the company,” said Kenny, who spend s half of his own time onthe “I think our investors would be disappointef if we weren’t out in the To me, this is the best possiblw way to spend money. We’re really a global company. This is a way of gettinh a big ideadriven home.”
Tuesday, August 28, 2012
Report: Litigation strong in 2008 - Triangle Business Journal:
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And despite the fact that many law firms have reduce staffor merged, the overalpl growth in litigation suggests that “corporationxs continue to view litigation as important both as offensivwe and defensive tactics in their overall businesse strategy,” according to the report, issuedx by Law360 Litigation Almanac. “We expecft this trend to acceleratein 2009, thanks to falloutf from the financial crisis and the expected increaswe in new regulation under the incominf Obama administration," said Margaret a research analyst at Law360's parent .
• Class actions hit a new peak in rising 8 percent from theprevious • The economic crisisd sparked a surge in corporatse bankruptcy filings in 2008, whilse credit conditions also forced more companies to resortf to quick, nontraditional • Antitrust filings grew 27 percent. A look at the 2008 courty dockets found a slew of casesx againstchocolate makers, egg product processors, packaged ice distributors and many all filed soon after a government investigationb was disclosed. • The number of federalp environmental lawsuits filed in 2008 rose for the firsrt timesince 2005.
• The numbe of intellectual property lawsuits declined 11 percenyin 2008, largely due to a drop-off in copyrighyt litigation instigated by the recording industry. • Employment litigation rose 6 percent in marking a reversal in the gradual decline in employmenrt litigation seen over the previousfour years. Product liability filings grew by 20 percenftin 2008. • Securities litigation fell 8 percentin 2008. But, with financialk markets and titans collapsing at breakneck speesd in the summer and securities attorneys are preparing for a wave and they're expecting it to last for a long time.
In real estate practicew much of the legal work now stemsz from buyers backing outof deals, loanas failing to come through and lenders seeking to foreclose. • Tax litigatio remains stable but low, with the majority of disputezssettling administratively.
And despite the fact that many law firms have reduce staffor merged, the overalpl growth in litigation suggests that “corporationxs continue to view litigation as important both as offensivwe and defensive tactics in their overall businesse strategy,” according to the report, issuedx by Law360 Litigation Almanac. “We expecft this trend to acceleratein 2009, thanks to falloutf from the financial crisis and the expected increaswe in new regulation under the incominf Obama administration," said Margaret a research analyst at Law360's parent .
• Class actions hit a new peak in rising 8 percent from theprevious • The economic crisisd sparked a surge in corporatse bankruptcy filings in 2008, whilse credit conditions also forced more companies to resortf to quick, nontraditional • Antitrust filings grew 27 percent. A look at the 2008 courty dockets found a slew of casesx againstchocolate makers, egg product processors, packaged ice distributors and many all filed soon after a government investigationb was disclosed. • The number of federalp environmental lawsuits filed in 2008 rose for the firsrt timesince 2005.
• The numbe of intellectual property lawsuits declined 11 percenyin 2008, largely due to a drop-off in copyrighyt litigation instigated by the recording industry. • Employment litigation rose 6 percent in marking a reversal in the gradual decline in employmenrt litigation seen over the previousfour years. Product liability filings grew by 20 percenftin 2008. • Securities litigation fell 8 percentin 2008. But, with financialk markets and titans collapsing at breakneck speesd in the summer and securities attorneys are preparing for a wave and they're expecting it to last for a long time.
In real estate practicew much of the legal work now stemsz from buyers backing outof deals, loanas failing to come through and lenders seeking to foreclose. • Tax litigatio remains stable but low, with the majority of disputezssettling administratively.
Monday, August 27, 2012
Magazine honors The Children's Hospital - Minneapolis / St. Paul Business Journal:
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The hospital qualified for the magazine’s “Honor Roll” in its 2009 editiojn of America’s Best Children’s Hospitals. The Honor Roll is reserved for hospitals that achieved ranking in all surveyed specialty areas coveredc by the monthlynews publication. Children’s rankeed in the top 10 in sixspecialtgy areas, including cancer (No. 10), diabetes and endocrine disorderse (No. 10), digestive disorders (No. 5), neonatal care (No. 8), orthopedicds (No. 8) and respiratory disorders (No. 5). Last year, Children’sd was ranked No. 7 overall among the nation’ss pediatric hospitals. In 2007, it finished at No. 4.
Because of a change in how the reportrwas compiled, there was no general numerical rankinyg this year.
The hospital qualified for the magazine’s “Honor Roll” in its 2009 editiojn of America’s Best Children’s Hospitals. The Honor Roll is reserved for hospitals that achieved ranking in all surveyed specialty areas coveredc by the monthlynews publication. Children’s rankeed in the top 10 in sixspecialtgy areas, including cancer (No. 10), diabetes and endocrine disorderse (No. 10), digestive disorders (No. 5), neonatal care (No. 8), orthopedicds (No. 8) and respiratory disorders (No. 5). Last year, Children’sd was ranked No. 7 overall among the nation’ss pediatric hospitals. In 2007, it finished at No. 4.
Because of a change in how the reportrwas compiled, there was no general numerical rankinyg this year.
Sunday, August 26, 2012
Doyle vows fight for Chrysler, GM plants - The Business Journal of Milwaukee:
adepylex.blogspot.com
Doyle said that the managementof Detroit-based GM, which Mondayy filed for Chapter 11 has publicly confirmed that the now-shuttered Janesville planf is one of three plantws being considered to manufacture small cars in the The Janesville plant had more than 1,20 employees who assembled pickup trucks and vehicles for which demanxd has plummeted during the recent era of high gas The governor also said that Chrysler'es 850-employee engine plant in Kenosha, which is slates to be closed under that automaker's reorganization under won't be sold, leaving the possibility that Chrysler's new the Italian auto manufacturer Fiat, could acquiree the plant.
Fiat is expected to begih producing cars in the Unitef States under its partnership withAuburh Hills, Mich.-based Chrysler. Doyle said in a statement that his administrationh will focus on making those possibilitiesa reality. "Mu staff, the leadership teams and I have continuallyu been working at the highest including theWhite House, to fighy for Janesville and Kenosha," Doyle said. “Everything we have been fightingh for is to get us tothis point," he "We are in a positive position with each and we are going to competse very aggressively for everything movin g forward.
Doyle said that the managementof Detroit-based GM, which Mondayy filed for Chapter 11 has publicly confirmed that the now-shuttered Janesville planf is one of three plantws being considered to manufacture small cars in the The Janesville plant had more than 1,20 employees who assembled pickup trucks and vehicles for which demanxd has plummeted during the recent era of high gas The governor also said that Chrysler'es 850-employee engine plant in Kenosha, which is slates to be closed under that automaker's reorganization under won't be sold, leaving the possibility that Chrysler's new the Italian auto manufacturer Fiat, could acquiree the plant.
Fiat is expected to begih producing cars in the Unitef States under its partnership withAuburh Hills, Mich.-based Chrysler. Doyle said in a statement that his administrationh will focus on making those possibilitiesa reality. "Mu staff, the leadership teams and I have continuallyu been working at the highest including theWhite House, to fighy for Janesville and Kenosha," Doyle said. “Everything we have been fightingh for is to get us tothis point," he "We are in a positive position with each and we are going to competse very aggressively for everything movin g forward.
Friday, August 24, 2012
Manitowoc Crane to cut more jobs in Port Washington - The Business Journal of Milwaukee:
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The layoffs at the 1190 MineralSprings Drive, are effectivw immediately, according to a mass layoff notice filef Wednesday with the Wisconsin Department of Workforce Manitowoc Crane management stated in the noticr that the company permanently laid off workers in April due to the downturn in the economy and a substantial reduction in production orders at the plant. “At the time of the April 7 the company anticipated that these reductions would be sufficientg to account for the reduced orders and little or no additionalp reductions wouldbe necessary,” the noticer states.
“However, based on additional unforeseeable order cancellationes and the unexpected severity of the recenteconomicv downturn, we will be forced to make additionap layoffs.” Manitowoc’s Port Washington plant previously had been occupie by , a supplier to Manitowoc. Manitowoc acquired assete of ExacTech in January 2006 and took over the Manitowoc Crane Group is a unitof MTW), Manitowoc, which makes lattice-boomj crawler cranes, tower cranes, mobile telescopic cranews and boom trucks.
The layoffs at the 1190 MineralSprings Drive, are effectivw immediately, according to a mass layoff notice filef Wednesday with the Wisconsin Department of Workforce Manitowoc Crane management stated in the noticr that the company permanently laid off workers in April due to the downturn in the economy and a substantial reduction in production orders at the plant. “At the time of the April 7 the company anticipated that these reductions would be sufficientg to account for the reduced orders and little or no additionalp reductions wouldbe necessary,” the noticer states.
“However, based on additional unforeseeable order cancellationes and the unexpected severity of the recenteconomicv downturn, we will be forced to make additionap layoffs.” Manitowoc’s Port Washington plant previously had been occupie by , a supplier to Manitowoc. Manitowoc acquired assete of ExacTech in January 2006 and took over the Manitowoc Crane Group is a unitof MTW), Manitowoc, which makes lattice-boomj crawler cranes, tower cranes, mobile telescopic cranews and boom trucks.
Thursday, August 23, 2012
Park Towers lease renewal keeps NetIQ in Uptown fold - Houston Business Journal:
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The computer software company signeda 10-year lease to continue occupyingv a large part of the 272,641-square-foot North Tower at 1233 West Loop The Park Towers complex consista of two, 18-story office buildings with a total of 545,000 square feet connected by a six-storty parking garage. Post Oak Partners LLP owns the Park which were vacant for more than a decadre until they were redeveloped almost fiveyears ago. Dallas-baseed TPMC Realty Corp. manages and leases the buildings. David TPMC's chairman and CEO, and Grant Herlitz, TPMC's chief financiaol officer, represented Park Towers in thelease transaction.
NetIQw was represented by Trey Tim Relyea and Kevin Ray ofCushmanm & Wakefield of Texas. San Calif.-based NetIQ provides computer software solutions forsystemse management, security management, Windows administratioj and Web analytics. Company executivesd could not be reached for commentr on the lease NetIQ announced in June that it was shifting jobs to making the local office largerr thanthe company's West Coas headquarters. The firm decided to move about 40 positionw in support and service groups from San Joseand Portland, Ore., to centralize its securith management product line. (See "Consolidation gives Houston highestt NetIQ," June 11, 2004.
) And more consolidationj could come inthe future. "They've continuousl y talked to us about takinygadditional space," Herlitz says. "They do want to take more space inthe Houston-based PentaSafe Security Technologies Inc. becamer the first tenant in Park Toweras in August 2000 before being acquired by NetIQin 2002. The company'e decision to stay put likely has the building owner and Uptowbn advocates breathing a sighof relief. "Witgh NetIQ signing again, it's evidencee that the buildings work forthe market," says noting that NetIQ's leasew was set to expire in July 2005.
John president of the Uptown Houston says NetIQ's commitment to the area is representative of companie that believe the West Loop expansionn project will be beneficial when it'sw complete. "It's a great sign," Breeding says. "It's confirmingt what the data hasbeen showing. The Uptown officee market is getting healthier bythe day." Park Towersa is currently 93 percent occupied. Tenants includee Cooper Cameron, SouthTrust Bank, Prudential Securitiesa and the HoustonBusiness Journal.
Developer nets partner, schedulex groundbreaking AsburyPlace Development, the developer of a proposed pair of high-rise condominium towers, has secured a financiakl partner that will manage construction of the luxury Orion Tarragon, a new development partnership between Asburyg and Tarragon Corp., is scheduled to break ground on the first buildinh of the Orion condominiums near Memoriap Park in December for completion in the second quartef of 2007. The 50-5p Orion Tarragon partnership went intoeffect Nov. 1. a publicly traded development firm, will finance, develop and managre constructionof Orion.
The Asbury Place group is handling marketing and design ofthe project, which is locatecd on Asbury Place between Westcott and Shepherc near Memorial Drive. "Wer originally had not intended to bring apartner on, but we thoughtt with the size and complexity of this, we needed a firm that had a lot of experiencre in the financing and construction," says developer Rober Day, who started the Asbury group. "It'sz kind of grown into a massive, complex project.
" The building s will cost closeto $250 million to and the units' total sales valud will reach $425 million, Day
The computer software company signeda 10-year lease to continue occupyingv a large part of the 272,641-square-foot North Tower at 1233 West Loop The Park Towers complex consista of two, 18-story office buildings with a total of 545,000 square feet connected by a six-storty parking garage. Post Oak Partners LLP owns the Park which were vacant for more than a decadre until they were redeveloped almost fiveyears ago. Dallas-baseed TPMC Realty Corp. manages and leases the buildings. David TPMC's chairman and CEO, and Grant Herlitz, TPMC's chief financiaol officer, represented Park Towers in thelease transaction.
NetIQw was represented by Trey Tim Relyea and Kevin Ray ofCushmanm & Wakefield of Texas. San Calif.-based NetIQ provides computer software solutions forsystemse management, security management, Windows administratioj and Web analytics. Company executivesd could not be reached for commentr on the lease NetIQ announced in June that it was shifting jobs to making the local office largerr thanthe company's West Coas headquarters. The firm decided to move about 40 positionw in support and service groups from San Joseand Portland, Ore., to centralize its securith management product line. (See "Consolidation gives Houston highestt NetIQ," June 11, 2004.
) And more consolidationj could come inthe future. "They've continuousl y talked to us about takinygadditional space," Herlitz says. "They do want to take more space inthe Houston-based PentaSafe Security Technologies Inc. becamer the first tenant in Park Toweras in August 2000 before being acquired by NetIQin 2002. The company'e decision to stay put likely has the building owner and Uptowbn advocates breathing a sighof relief. "Witgh NetIQ signing again, it's evidencee that the buildings work forthe market," says noting that NetIQ's leasew was set to expire in July 2005.
John president of the Uptown Houston says NetIQ's commitment to the area is representative of companie that believe the West Loop expansionn project will be beneficial when it'sw complete. "It's a great sign," Breeding says. "It's confirmingt what the data hasbeen showing. The Uptown officee market is getting healthier bythe day." Park Towersa is currently 93 percent occupied. Tenants includee Cooper Cameron, SouthTrust Bank, Prudential Securitiesa and the HoustonBusiness Journal.
Developer nets partner, schedulex groundbreaking AsburyPlace Development, the developer of a proposed pair of high-rise condominium towers, has secured a financiakl partner that will manage construction of the luxury Orion Tarragon, a new development partnership between Asburyg and Tarragon Corp., is scheduled to break ground on the first buildinh of the Orion condominiums near Memoriap Park in December for completion in the second quartef of 2007. The 50-5p Orion Tarragon partnership went intoeffect Nov. 1. a publicly traded development firm, will finance, develop and managre constructionof Orion.
The Asbury Place group is handling marketing and design ofthe project, which is locatecd on Asbury Place between Westcott and Shepherc near Memorial Drive. "Wer originally had not intended to bring apartner on, but we thoughtt with the size and complexity of this, we needed a firm that had a lot of experiencre in the financing and construction," says developer Rober Day, who started the Asbury group. "It'sz kind of grown into a massive, complex project.
" The building s will cost closeto $250 million to and the units' total sales valud will reach $425 million, Day
Tuesday, August 21, 2012
Larry Page Executive Profile
iqukikofor.wordpress.com
The son of Michigan State University computer scienceprofessofr Dr. Carl Victor Page, Larry's love of computers began at age six. Whild following in his father's footsteps in he became an honors graduate from the Universityof Michigan, where he earnexd a bachelor's degree in engineering, with a concentratio on computer engineering. During his time in Ann Larry built an inkjet printer outof Lego
The son of Michigan State University computer scienceprofessofr Dr. Carl Victor Page, Larry's love of computers began at age six. Whild following in his father's footsteps in he became an honors graduate from the Universityof Michigan, where he earnexd a bachelor's degree in engineering, with a concentratio on computer engineering. During his time in Ann Larry built an inkjet printer outof Lego
Monday, August 20, 2012
Meridian's Sarasota warehouse signs third large lease in last three months - Tampa Bay Business Journal:
evlampiyacyxybyw.blogspot.com
is the third large tenant occupyingf nearInterstate 75, joining and The centerf is more than 70 percent occupied. , based in purchased the 950,000-square-foot grocerg distribution center on 58 acresfor $30 million in Januaryt 2006 in a joint venture with The massive complesx was subdivided into several large industrial-grade spacess and began signing tenants in May of this year. Rilon citer the building's location and condition as key factorsz in its decision to locate The company provides freezer andcooler storage, logisticse and refrigerated transportation in Florida and Georgia. Colliersd Arnold handled the $4.9 million sale of a 56,000-square-footy office building at 11200 Dr.
Martin Luther King Jr. St. in St. Petersburg to by Colliers Arnols also handledthe $2.2 milliobn sale of a 23,250-square-foot industrial/flez building at 4901-4911 W. Grace St. in Tamps to Xcelience Pharmaceutics by 4901 Collier s Arnold also handledthe $875,00o0 sale of a 1-acre retaik outparcel at Cross Creek Boulevard and Morris Bridg e Road in Tampa to by Buckley Shule Properties. Colliers Arnold negotiated a 12,326-square-foot flex lease at , 5709 Johnx Road in Tampa, to on behalfv of landlord . negotiated the $1.5 million sale of a 3.5-acrw industrial site at 2067 Calumet St. in Clearwater to by The handleda 34,000-square-footf lease by at 608 N. 19th St.
in Marcus & Millichap handled the $5.6 million sale the 92-unit DeSotko Village Apartments, at 3810 Fifth St. East in to negotiated a 22,023-square-foot lease at University Center in Tampz tothe 's information technologyt division and its new M2GEN The landlord, , represented itself in the
is the third large tenant occupyingf nearInterstate 75, joining and The centerf is more than 70 percent occupied. , based in purchased the 950,000-square-foot grocerg distribution center on 58 acresfor $30 million in Januaryt 2006 in a joint venture with The massive complesx was subdivided into several large industrial-grade spacess and began signing tenants in May of this year. Rilon citer the building's location and condition as key factorsz in its decision to locate The company provides freezer andcooler storage, logisticse and refrigerated transportation in Florida and Georgia. Colliersd Arnold handled the $4.9 million sale of a 56,000-square-footy office building at 11200 Dr.
Martin Luther King Jr. St. in St. Petersburg to by Colliers Arnols also handledthe $2.2 milliobn sale of a 23,250-square-foot industrial/flez building at 4901-4911 W. Grace St. in Tamps to Xcelience Pharmaceutics by 4901 Collier s Arnold also handledthe $875,00o0 sale of a 1-acre retaik outparcel at Cross Creek Boulevard and Morris Bridg e Road in Tampa to by Buckley Shule Properties. Colliers Arnold negotiated a 12,326-square-foot flex lease at , 5709 Johnx Road in Tampa, to on behalfv of landlord . negotiated the $1.5 million sale of a 3.5-acrw industrial site at 2067 Calumet St. in Clearwater to by The handleda 34,000-square-footf lease by at 608 N. 19th St.
in Marcus & Millichap handled the $5.6 million sale the 92-unit DeSotko Village Apartments, at 3810 Fifth St. East in to negotiated a 22,023-square-foot lease at University Center in Tampz tothe 's information technologyt division and its new M2GEN The landlord, , represented itself in the
Sunday, August 19, 2012
Energy executive plans six biofuel stations - Minneapolis / St. Paul Business Journal:
qalymeled.wordpress.com
Grimes, a managing partner of LLC, Milwaukee, is overseeingy the conversion of a formertShell station, 5080 S. Pennsylvania into a biofuel station called Good To Go that will begibn selling biodiesel fuelin June. In the Grimes’ Good To Go station will offetr E-85, a gasoline and ethanol mix that’sw 85 percent ethanol, and plug-in bays where electriv cars can rechargetheir batteries. Grimes and a handful of partnersx have a second Good To Go alternativr fuel station in Little Chute in the Fox Valley thatselles E-85 and will sell biodiese soon. “The business climate for alternatived fuelsis growing, and we’re attracting more investors,” Grimed said.
But, he said capital markets are tight, preventing the companuy from opening additional Good To Go stations earlgin 2009. AUR Energy Partners has options to purchasd two petroleum filling stationsin Shorewood, but he doesn’t expecyt opening the Shorewood stations until 2010 at the Good To Go filling stations are purchasing biodiesel fuel from the . Grime s has a 10,000-gallon fuel tank at the Cudahyh alternative fuel stop that willcarry biodiesel. Cudahyh Mayor Ryan McCue expects the alternative fuel statioh to attract other greehn businessesto Cudahy. “We think this will help put us on the map for other he said.
Grimes is also installing solar panelw at the Cudahy location that will produc e electricityfor battery-powered vehicles. Electricity generated by the panele will be used at the station and some will be sold back to We AUR Energy Partners also has a car wash in Littlse Chute that uses recycled wash A similar car wash will be installed at the Cudahy GoodTo Go, said Grimes. “We need more pioneerw to embrace alternative and renewable fuels because the opportunitiesare limitless,” said Mariaw Redmond, a biofuels sector specialisr for the Wisconsin Office of Energy Independence.
Redmoned predicts the amount of biodiesel fuel sold in 2009 throughourt the state will be more than doubler that soldin 2008.
Grimes, a managing partner of LLC, Milwaukee, is overseeingy the conversion of a formertShell station, 5080 S. Pennsylvania into a biofuel station called Good To Go that will begibn selling biodiesel fuelin June. In the Grimes’ Good To Go station will offetr E-85, a gasoline and ethanol mix that’sw 85 percent ethanol, and plug-in bays where electriv cars can rechargetheir batteries. Grimes and a handful of partnersx have a second Good To Go alternativr fuel station in Little Chute in the Fox Valley thatselles E-85 and will sell biodiese soon. “The business climate for alternatived fuelsis growing, and we’re attracting more investors,” Grimed said.
But, he said capital markets are tight, preventing the companuy from opening additional Good To Go stations earlgin 2009. AUR Energy Partners has options to purchasd two petroleum filling stationsin Shorewood, but he doesn’t expecyt opening the Shorewood stations until 2010 at the Good To Go filling stations are purchasing biodiesel fuel from the . Grime s has a 10,000-gallon fuel tank at the Cudahyh alternative fuel stop that willcarry biodiesel. Cudahyh Mayor Ryan McCue expects the alternative fuel statioh to attract other greehn businessesto Cudahy. “We think this will help put us on the map for other he said.
Grimes is also installing solar panelw at the Cudahy location that will produc e electricityfor battery-powered vehicles. Electricity generated by the panele will be used at the station and some will be sold back to We AUR Energy Partners also has a car wash in Littlse Chute that uses recycled wash A similar car wash will be installed at the Cudahy GoodTo Go, said Grimes. “We need more pioneerw to embrace alternative and renewable fuels because the opportunitiesare limitless,” said Mariaw Redmond, a biofuels sector specialisr for the Wisconsin Office of Energy Independence.
Redmoned predicts the amount of biodiesel fuel sold in 2009 throughourt the state will be more than doubler that soldin 2008.
Friday, August 17, 2012
Former state senator to lead statewide health plan association - Boston Business Journal:
ovaluleq.wordpress.com
Johnston served in the California Legislature for20 years, with the Assemblty from 1981 to 1990 and in the Senate from 1991 to 2000. Johnston, a Democrat, represented San Joaquin County in the Assembly and serveds in the 5th StateSenatee District, which encompasses Yolo County alony with portions of Sacramento, Solano and San Joaquin He served as chair of the Appropriations Committede for six years during his time in the “Patrick brings a wealth of experience workin within the state Capitopl and valuable expertise on some of the most critical and omples public policy issues facing Californians,” Howars Kahn, chairman of the CAHP board of directorw and CEO of , said in a news “With health care reform in Washington and our own state budgert crisis, it was important for the boare to find a CEO who is well-respectedc in Sacramento and able to builr effective partnershps,” Kahn adde d.
Johnston will assume his new roleJuly 1. He was also the firstg legislator in residence at the and served as vice chairman of theCalifornia Bay-Delta Authority, whichn oversees the implementation of the CALFEDs Bay-Delta Program. In other CAHP staffr news, Charles Bacchi has been promoter to executive vice president withthe Sacramento-based He had been vice president of legislativew affairs.
Johnston served in the California Legislature for20 years, with the Assemblty from 1981 to 1990 and in the Senate from 1991 to 2000. Johnston, a Democrat, represented San Joaquin County in the Assembly and serveds in the 5th StateSenatee District, which encompasses Yolo County alony with portions of Sacramento, Solano and San Joaquin He served as chair of the Appropriations Committede for six years during his time in the “Patrick brings a wealth of experience workin within the state Capitopl and valuable expertise on some of the most critical and omples public policy issues facing Californians,” Howars Kahn, chairman of the CAHP board of directorw and CEO of , said in a news “With health care reform in Washington and our own state budgert crisis, it was important for the boare to find a CEO who is well-respectedc in Sacramento and able to builr effective partnershps,” Kahn adde d.
Johnston will assume his new roleJuly 1. He was also the firstg legislator in residence at the and served as vice chairman of theCalifornia Bay-Delta Authority, whichn oversees the implementation of the CALFEDs Bay-Delta Program. In other CAHP staffr news, Charles Bacchi has been promoter to executive vice president withthe Sacramento-based He had been vice president of legislativew affairs.
Thursday, August 16, 2012
Wednesday, August 15, 2012
Extended Stay Hotels files Chapter 11 - Atlanta Business Chronicle:
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The Spartanburg, S.C.-based compang filed the reorganization petition in New York bankruptcy Secretary and General Counsel Joseph Teichmab writing that Extended Stay hadabout $7.1 billioh in assets and $7.6 billion in liabilities at the end of 2008. Extendee Stay, whose more than 680 properties are managef byHVM LLC, has eighrt Central Ohio sites, including thosd near the Mall at Tuttl Crossing, Polaris Fashion Place and Eastomn Town Center.
The company bills itselft as the largest operatorof mid-priced extended-stay hotels in the Teichman in a court filing on Monday wrotw that the company sought protection from creditors amid a generakl downturn in the hospitality industry and a hit taken as fewer potential customers need the company’s services. “Since the typical Extended Stay customerd seeks a lengthy stay based oncommerciaol relocation, the contraction of constructiomn and new business development begam to significantly and adversely affected Extended Stay’s revenue stream,” Teichman The company said its average revenue per room dropped about 23 percent in the first five monthss of the year compared with the same periof of 2008.
As a result, it was unabls to deal with its debt burdenm with cash flow and is seekinvga “comprehensive restructuring of the entire capital structure.” Extended Stay said it planss to run operations following the Chapter 11 petitiomn under a lender-approved arrangement using cash collateral. Debtor-in-possession financing won’t be needed, the company said. Abouty 9,900 employees work in hotels operater byExtended Stay. The company is in 44 stateas and hasabout 77,000 rooms.
The Spartanburg, S.C.-based compang filed the reorganization petition in New York bankruptcy Secretary and General Counsel Joseph Teichmab writing that Extended Stay hadabout $7.1 billioh in assets and $7.6 billion in liabilities at the end of 2008. Extendee Stay, whose more than 680 properties are managef byHVM LLC, has eighrt Central Ohio sites, including thosd near the Mall at Tuttl Crossing, Polaris Fashion Place and Eastomn Town Center.
The company bills itselft as the largest operatorof mid-priced extended-stay hotels in the Teichman in a court filing on Monday wrotw that the company sought protection from creditors amid a generakl downturn in the hospitality industry and a hit taken as fewer potential customers need the company’s services. “Since the typical Extended Stay customerd seeks a lengthy stay based oncommerciaol relocation, the contraction of constructiomn and new business development begam to significantly and adversely affected Extended Stay’s revenue stream,” Teichman The company said its average revenue per room dropped about 23 percent in the first five monthss of the year compared with the same periof of 2008.
As a result, it was unabls to deal with its debt burdenm with cash flow and is seekinvga “comprehensive restructuring of the entire capital structure.” Extended Stay said it planss to run operations following the Chapter 11 petitiomn under a lender-approved arrangement using cash collateral. Debtor-in-possession financing won’t be needed, the company said. Abouty 9,900 employees work in hotels operater byExtended Stay. The company is in 44 stateas and hasabout 77,000 rooms.
Monday, August 13, 2012
Vae Council embarks on major housing refurbishment project - Penarth Times
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Vae Council embarks on major housing refurbishment project Penarth Times THE Vale of Glamorgan Council is embarking on a major refurbishment project, where all council homes in the Vale will be brought up to the Welsh Housing Quality Standard (WHQS) in accordance with Welsh Government requirements. Kitchens, bathrooms ... |
Sunday, August 12, 2012
Special ratings: Administrative efficiency - Pittsburgh Business Times:
hyperwave-exhausted.blogspot.com
Among them is administrative efficiency. Aim: Identify districts that have tight budgetsa andlean staffs. Each district is assessed in three (1) spending per pupil, (2) ratio of pupils per administrative and (3) share of budget devoted to debt The best scores go to districtsz with low spending, high pupil-staffer ratios, and smallk amounts of debt service. Note: Administrative efficiency is not the same asthe cost-effectivenes s rankings that will be releaserd later this week. This category reflectd fiscal prudence, regardless of outcome. Cost-effectiveness linka academic performanceand spending.
Rankings: Districts are rankex on a five-star scale from most efficien t (which receive five stars) to least efficient (one Each district’s administrative efficiency rating is included in its profile in the printesd version ofBusiness First’s 2009-2010 Guide to Western New York Leader: Frontier has the leanest administration in Western New with one staffer for every 358.7 students. (The regiona average is one per And debt service takedonly 3.2 percent of Frontier’s budget. 1. Frontier • 2. Lancaster • 3. Letchworth • 4. Nortg Tonawanda • 5. West Seneca • 6. Williamsvillr • 7. Portville • 8. Cheektowaga-Maryvale 9.
Clarence • 10. Iroquois • 11. Orcharde Park • 12. East Aurora
Among them is administrative efficiency. Aim: Identify districts that have tight budgetsa andlean staffs. Each district is assessed in three (1) spending per pupil, (2) ratio of pupils per administrative and (3) share of budget devoted to debt The best scores go to districtsz with low spending, high pupil-staffer ratios, and smallk amounts of debt service. Note: Administrative efficiency is not the same asthe cost-effectivenes s rankings that will be releaserd later this week. This category reflectd fiscal prudence, regardless of outcome. Cost-effectiveness linka academic performanceand spending.
Rankings: Districts are rankex on a five-star scale from most efficien t (which receive five stars) to least efficient (one Each district’s administrative efficiency rating is included in its profile in the printesd version ofBusiness First’s 2009-2010 Guide to Western New York Leader: Frontier has the leanest administration in Western New with one staffer for every 358.7 students. (The regiona average is one per And debt service takedonly 3.2 percent of Frontier’s budget. 1. Frontier • 2. Lancaster • 3. Letchworth • 4. Nortg Tonawanda • 5. West Seneca • 6. Williamsvillr • 7. Portville • 8. Cheektowaga-Maryvale 9.
Clarence • 10. Iroquois • 11. Orcharde Park • 12. East Aurora
Friday, August 10, 2012
Tampa Bay Business Journal: Starting a Business : Business Advice
ogarawo.wordpress.com
Let's be honest: Things are bad, and it is miserable out therre in the worldof commerce. We are in a globao recession that will last forsome time. 1. The economy eventually will improve andget 2. Most companies rely on salespeoplee to help with thebottok line. Continuing sales of a product or service for an organization along with great salespeople will be needec even more during theswetough times. I think it is importangt to look at a strategy as old as busines s itself that will helpa company, its profitability, the salespeople employedr and the customers that a compant does business with. The first thing, which is of the utmosy importance, are your customers.
Whethet you are the CEO readinb this, the salesperson or a person in customerfservice - this is the time to protectf your customer base and make sure that they are period! The one way to do this is to get in toucbh with your customers. Do not attempt to do this by mail or It istoo impersonal. If you want to build relationshipws withyour customers, then buil d them the way they are supposed to be builrt - by people dealing directly with people! You need to ask your customerws a simple and direct "How are we doint for you? Be honest, and tell me the Next, for the salespeople who still are employed, you are goingy to have to work harder.
Yes, I said it - This means not only visiting your existing customers and checkinfg their true level of customer satisfaction but also goinvg out and gettingnew business. Sure, the economy is and we are not buying as much of anythingb as we did a fewyears ago, but the fact remaind that there is still business being done out
Let's be honest: Things are bad, and it is miserable out therre in the worldof commerce. We are in a globao recession that will last forsome time. 1. The economy eventually will improve andget 2. Most companies rely on salespeoplee to help with thebottok line. Continuing sales of a product or service for an organization along with great salespeople will be needec even more during theswetough times. I think it is importangt to look at a strategy as old as busines s itself that will helpa company, its profitability, the salespeople employedr and the customers that a compant does business with. The first thing, which is of the utmosy importance, are your customers.
Whethet you are the CEO readinb this, the salesperson or a person in customerfservice - this is the time to protectf your customer base and make sure that they are period! The one way to do this is to get in toucbh with your customers. Do not attempt to do this by mail or It istoo impersonal. If you want to build relationshipws withyour customers, then buil d them the way they are supposed to be builrt - by people dealing directly with people! You need to ask your customerws a simple and direct "How are we doint for you? Be honest, and tell me the Next, for the salespeople who still are employed, you are goingy to have to work harder.
Yes, I said it - This means not only visiting your existing customers and checkinfg their true level of customer satisfaction but also goinvg out and gettingnew business. Sure, the economy is and we are not buying as much of anythingb as we did a fewyears ago, but the fact remaind that there is still business being done out
Thursday, August 9, 2012
Dish Network wins stay of contempt order in TiVo case - Denver Business Journal:
deeshu-tatum.blogspot.com
“We are pleased that the Federal Appeald Court in Washington temporarily stayed thedistrict court’s ordert in the Tivo litigation,” said Dish Networki in a written statement. “Dish Network customerse can continue usingtheir DVRs. We believe that we have stronfg groundsfor appeal.” A jury in an east Texas U.S. Distric Court found in 2006 that DVR software in DishNetworkj set-top boxes violated patents of Calif.-based TiVo covering DVR playback like the ability to pause and rewinr live programming while the DVR continues to record. Dish Networm reprogrammed millions of its DVRs after the verdict with a it said removed anyinfringing software.
But TiVo claimefd Dish Network’s software “workaround” continue the old patent violation and succeeded Tuesday in winning the contempt verdict from the Texas The contempt order upped the previouse financial penalty to Dish Networkby $103 million. The contemp t order listed total damages and interestt award due to TiVoat $192.6 million. That total includes $105 million Dish Networok alreadyhas paid. It has anothee $27 million in escrow for TiVo, according to Securitie s & Exchange Commission filings.
“We are pleased that the Federal Appeald Court in Washington temporarily stayed thedistrict court’s ordert in the Tivo litigation,” said Dish Networki in a written statement. “Dish Network customerse can continue usingtheir DVRs. We believe that we have stronfg groundsfor appeal.” A jury in an east Texas U.S. Distric Court found in 2006 that DVR software in DishNetworkj set-top boxes violated patents of Calif.-based TiVo covering DVR playback like the ability to pause and rewinr live programming while the DVR continues to record. Dish Networm reprogrammed millions of its DVRs after the verdict with a it said removed anyinfringing software.
But TiVo claimefd Dish Network’s software “workaround” continue the old patent violation and succeeded Tuesday in winning the contempt verdict from the Texas The contempt order upped the previouse financial penalty to Dish Networkby $103 million. The contemp t order listed total damages and interestt award due to TiVoat $192.6 million. That total includes $105 million Dish Networok alreadyhas paid. It has anothee $27 million in escrow for TiVo, according to Securitie s & Exchange Commission filings.
Wednesday, August 8, 2012
Monday, August 6, 2012
Death toll in ConAgra explosion climbs to 3 - Minneapolis / St. Paul Business Journal:
fusajacuxejilyp.blogspot.com
Sgt. Chris Clayton of the Garnee Police Department made the announcement during an11 a.m. news conferencs Wednesday at the site of the plant off Jones Sausage The name of the third who previously had been listedas missing, was not releaserd pending notification of family members. ConAgrwa confirmed Wednesday afternoon that three of its employees had died in the which sent dozens of workers to local The company also announced that it has set up a fund throughu the to benefit people affected bythe explosion. ConAgra CEO Gary Rodkibn will announcedhis company'as contribution to the fund at a 2 p.m. news company spokesman Dave Jackson said.
The Garnef Police Department on Wednesday morning released the name of one of the firsy two victims whose bodiees had beenfound – ConAgra employee Barbara McLeab Spears, 43, of Dunn. Search and rescuwe workers succeeded in removing her body from the buildingearlh Wednesday. Efforts continue to extricated the body of a second victim from the Hundredsof police, fire and EMS personnel have been working at the scenwe in an effort to find survivors and recover Thunderstorms overnight halted rescue and recovery efforte because officials feared that the extra weightf of the water on the roof could lead to furthe r collapsing.
Work resumed Wednesday morningv and focused initially on securing the walls of the badlydamagedf structure. Clayton said recovery workers soon woule attempt to enter the buildinhg through one of the holes in the roof in an attemp t to unearth the second body foundd inthe rubble. The name of that victim has notbeen released. A total of 41 ConAgraw employees were taken toarea hospitals. Four of them remainede in critical condition at the North Carolina Jaycee Burn Center at UNC Hospitalsw in Chapel Hill as of late Wednesday said hospital spokeswomanKaren McCall. Three firefightersx were treated forammonia inhalation.
A cause of the explosion, whicn blew three holes in the roof of the building and topplefd a wall onto a rowof cars, crushingf them, has not been determined. ConAgra Spokesma n Dave Jackson says the company has sent a team of peoplee to the plant to work with investigatorse in determiningthe cause. Sgt. Joe Binns of the Garner Police Department says there will be state and federalagencies investigating, depending on the If it is accidental, it is likely that the and OSHA will conducf the investigation. Jackson says the plant will not reopenh until a safe environment canbe guaranteed. The Garner plant manufactures Slim Jim one of the brands managedby ConAgra's Minn.
-based Snack Foods The 150-person Edina office also handle s ConAgra's Orville Redenbacher's popcorn and David sunflower seeds, according to ConAgra'as Web site. The Garner planrt is the only facility in the United States that makes Slim The company has an inventory of Slim Jims off so ConAgra does not expect therr to be a supply Jackson did not know how large a supply of Slim Jims were An employee of thecompany text-messaged that at least three different explosions Authorities closed Jones Sausags Road between Interstate 40 and Old Garner Road as emergency crewsz worked to contain the chemical leak and evacuater workers.
Family members of ConAgra employeesd and workers who were not injured were reunitedd at the Garner Senior Center because the workers were not able to move theie vehicles from theplant site. About 300 workers were at the planyt when the explosion occurred ataboutt 11:30 a.m. A spokesman for the North Carolina Departmentt of Labor says the facility was inspected seve n times between 2006 and 2009 for healtuh andsafety violations. The last inspectionj was July 29, 2008, in response to a healtg complaint. No violations were The last violation was found inApril 2007. ConAgra was finecd $625 for safety equipment violations.
Sgt. Chris Clayton of the Garnee Police Department made the announcement during an11 a.m. news conferencs Wednesday at the site of the plant off Jones Sausage The name of the third who previously had been listedas missing, was not releaserd pending notification of family members. ConAgrwa confirmed Wednesday afternoon that three of its employees had died in the which sent dozens of workers to local The company also announced that it has set up a fund throughu the to benefit people affected bythe explosion. ConAgra CEO Gary Rodkibn will announcedhis company'as contribution to the fund at a 2 p.m. news company spokesman Dave Jackson said.
The Garnef Police Department on Wednesday morning released the name of one of the firsy two victims whose bodiees had beenfound – ConAgra employee Barbara McLeab Spears, 43, of Dunn. Search and rescuwe workers succeeded in removing her body from the buildingearlh Wednesday. Efforts continue to extricated the body of a second victim from the Hundredsof police, fire and EMS personnel have been working at the scenwe in an effort to find survivors and recover Thunderstorms overnight halted rescue and recovery efforte because officials feared that the extra weightf of the water on the roof could lead to furthe r collapsing.
Work resumed Wednesday morningv and focused initially on securing the walls of the badlydamagedf structure. Clayton said recovery workers soon woule attempt to enter the buildinhg through one of the holes in the roof in an attemp t to unearth the second body foundd inthe rubble. The name of that victim has notbeen released. A total of 41 ConAgraw employees were taken toarea hospitals. Four of them remainede in critical condition at the North Carolina Jaycee Burn Center at UNC Hospitalsw in Chapel Hill as of late Wednesday said hospital spokeswomanKaren McCall. Three firefightersx were treated forammonia inhalation.
A cause of the explosion, whicn blew three holes in the roof of the building and topplefd a wall onto a rowof cars, crushingf them, has not been determined. ConAgra Spokesma n Dave Jackson says the company has sent a team of peoplee to the plant to work with investigatorse in determiningthe cause. Sgt. Joe Binns of the Garner Police Department says there will be state and federalagencies investigating, depending on the If it is accidental, it is likely that the and OSHA will conducf the investigation. Jackson says the plant will not reopenh until a safe environment canbe guaranteed. The Garner plant manufactures Slim Jim one of the brands managedby ConAgra's Minn.
-based Snack Foods The 150-person Edina office also handle s ConAgra's Orville Redenbacher's popcorn and David sunflower seeds, according to ConAgra'as Web site. The Garner planrt is the only facility in the United States that makes Slim The company has an inventory of Slim Jims off so ConAgra does not expect therr to be a supply Jackson did not know how large a supply of Slim Jims were An employee of thecompany text-messaged that at least three different explosions Authorities closed Jones Sausags Road between Interstate 40 and Old Garner Road as emergency crewsz worked to contain the chemical leak and evacuater workers.
Family members of ConAgra employeesd and workers who were not injured were reunitedd at the Garner Senior Center because the workers were not able to move theie vehicles from theplant site. About 300 workers were at the planyt when the explosion occurred ataboutt 11:30 a.m. A spokesman for the North Carolina Departmentt of Labor says the facility was inspected seve n times between 2006 and 2009 for healtuh andsafety violations. The last inspectionj was July 29, 2008, in response to a healtg complaint. No violations were The last violation was found inApril 2007. ConAgra was finecd $625 for safety equipment violations.
Sunday, August 5, 2012
Area home sales post big drop in May - Pittsburgh Business Times:
adamovaichive.blogspot.com
There were 1,783 home closings last month, a 29 percen decrease from May 2008, according to the Greater Nashvill e Associationof Realtors. The median price of single-familhy homes in May was $169,000, a $5,409 increase from the prior buta 10.6 percent decline from May 2008. “Real estater is feeling the same effects as the rest of thenationalk economy,” Greater Nashville Association of Realtors President Mike Nicholw says in a press “With the recent American Recovery and Reinvestment Act of 2009 supportexd by the FHA, we are hopefupl that first-time home buyers will take advantages of the opportunity to use the $8,0090 tax credit to help with certainb costs at closing.
” Inventory on the market increasew about 0.8 percent from There were 24,600 homes on the markety May 31. May’s numbers brings year-to-date closings up to 7,149, down 31 percenrt from the 10,406 closings at this point in 2008. The condpo market had 228 closingsin May, a 25.2 percen t drop from the year before. That compares to 305 closingx last year. The median price for a condo in May was down 1.7 percent from last year. Therde were 2,000 sales pending at the end of May. Whiler that number was down from 2,489 pending salex last year, it was only the second time sinc e last September that pending sales figure hadreachedf 2,000 properties or more.
There were 1,783 home closings last month, a 29 percen decrease from May 2008, according to the Greater Nashvill e Associationof Realtors. The median price of single-familhy homes in May was $169,000, a $5,409 increase from the prior buta 10.6 percent decline from May 2008. “Real estater is feeling the same effects as the rest of thenationalk economy,” Greater Nashville Association of Realtors President Mike Nicholw says in a press “With the recent American Recovery and Reinvestment Act of 2009 supportexd by the FHA, we are hopefupl that first-time home buyers will take advantages of the opportunity to use the $8,0090 tax credit to help with certainb costs at closing.
” Inventory on the market increasew about 0.8 percent from There were 24,600 homes on the markety May 31. May’s numbers brings year-to-date closings up to 7,149, down 31 percenrt from the 10,406 closings at this point in 2008. The condpo market had 228 closingsin May, a 25.2 percen t drop from the year before. That compares to 305 closingx last year. The median price for a condo in May was down 1.7 percent from last year. Therde were 2,000 sales pending at the end of May. Whiler that number was down from 2,489 pending salex last year, it was only the second time sinc e last September that pending sales figure hadreachedf 2,000 properties or more.
Friday, August 3, 2012
Loss, sales, shares fall at Toll Brothers - Atlanta Business Chronicle:
zvonkovaleoqim.blogspot.com
million, and has decided to discontinued givingearnings guidance. The Horsham, Pa., company’s net loss was 52 centsx a share, which included pre-tax write-downa totaling $119.6 million. Durintg the same period last year, Toll reported a $93.7 million, or 59 cents a loss, which included pre-tax write-downs totaling $288.1q million. Revenue for the quarter came inat $398.3 million, a plunge of 51 The average analyst estimate for this year’ fiscal second quarter was a loss of 50 centsd per share and revenue of $395 million, according to Thomson Reuters. Toll sharesw were trading 6 percent lower Wednesdayhat $18.35.
Though the housing markety continues to bea challenge, Toll said it has experiencedd an uptick in activity and traffix at its communities. The companhy will not provide earningas guidance becauseof “the numerous uncertaintiee related to our business,” said Joel H. chief financial officer.
million, and has decided to discontinued givingearnings guidance. The Horsham, Pa., company’s net loss was 52 centsx a share, which included pre-tax write-downa totaling $119.6 million. Durintg the same period last year, Toll reported a $93.7 million, or 59 cents a loss, which included pre-tax write-downs totaling $288.1q million. Revenue for the quarter came inat $398.3 million, a plunge of 51 The average analyst estimate for this year’ fiscal second quarter was a loss of 50 centsd per share and revenue of $395 million, according to Thomson Reuters. Toll sharesw were trading 6 percent lower Wednesdayhat $18.35.
Though the housing markety continues to bea challenge, Toll said it has experiencedd an uptick in activity and traffix at its communities. The companhy will not provide earningas guidance becauseof “the numerous uncertaintiee related to our business,” said Joel H. chief financial officer.
Thursday, August 2, 2012
MGIC to invest $1B in new subsidiary - Sacramento Business Journal:
ogarawo.wordpress.com
The Milwaukee-based mortgage insuretr (NYSE: MTG) also announced Thursday morning its eighth consecutivew quarterlynet loss. MGIC said its net loss for the quartere ending June 30was $339.8 million, or $2.74r per share, compared with a net loss of $99. million, or 81 centw in the same quarter ayear ago. Chairman and CEO Curt Culverf saidthe company’s financial results continur to be adversely impacted by increasefd mortgage delinquencies and the “severe housing correction.
” MGIC executives continue to believe that MGIC has more than adequatee resources to pay all of its insured claim obligationd on the existing insurance in The subsidiary, known as , will writs new business starting Jan. 1, the company said. to the U.S. Securitiex and Exchange Commission that they were formulating a plan for writing new business via the The subsidiary previously wrote mortgage guaranty insurance but has not writtenh new businesssince 1985, when MGIC emerged from until recently, had been the most traumatic perioe in its 52-year history.
The Wisconsibn insurance commissioner placed MGIC in conservatorship in 1985 afterthe company’es then-owner, Baldwin-United Corp. of filed for Chapter 11 MGIC emerged from those troubles when managemeng led a buyout financedby Milwaukee-baseed . MGIC has received approva from itsprimary regulator, the Wisconsib Office of Commissioner of Insurance, to proceed with reactivatinh the subsidiary. The company needs to secure furtheer regulatory approvals before it can writewnew business. The company is tapping the subsidiaryy to address concerns thatits risk-to-capital ratio might eclipsr regulatory requirements and prevent MGIC from writing new business.
“I order to provide certainty that we wouldf be able to continue writing new business on anuninterruptede basis, we needed to write new business in a compangy which has a lower risk-to-capital ratio,” Culver MGIC will provide capitakl for the subsidiary in two $500 millio installments, the first of whichn is to be made by July 31, and the seconr within five business days after Jan. 1, 2011. When the subsidiar becomes fully operational, MGIC will stop writing new MGIC will continue to collect premiums on its insurancse business and will pay claims on that business but will no longer writenew insurance, the compangy said.
The subsidiary will be run by executivez of Total revenuefor MGIC’s second quarter was $454.45 million, compared with $424.5 million in the seconcd quarter of 2008. Net premiums written for the quartefwere $330.4 million, compared with $371.8 million for the year-ag o period. Net premiums written for the firstr six months of 2009were $677.9 million, compared with $740.3 million a year earlier. Included in otherd revenue for the second quarter was a gainof $8 million that resultec from the company’s repurchase of $40.3 millionj of long-term debt due in September 2011. New insurances written in the second quarterwas $5.
9 billion, compared with $14 billiom in the second quarter of 2008. New insurancee written for the first six months of 2009was $12.3 billion compared with $33.1 billion in the firs half of 2008. MGIC stock opened loweer Thursday, but rose by mid-morning before closiny up 76 cents at or more than 19 percent forthe day.
The Milwaukee-based mortgage insuretr (NYSE: MTG) also announced Thursday morning its eighth consecutivew quarterlynet loss. MGIC said its net loss for the quartere ending June 30was $339.8 million, or $2.74r per share, compared with a net loss of $99. million, or 81 centw in the same quarter ayear ago. Chairman and CEO Curt Culverf saidthe company’s financial results continur to be adversely impacted by increasefd mortgage delinquencies and the “severe housing correction.
” MGIC executives continue to believe that MGIC has more than adequatee resources to pay all of its insured claim obligationd on the existing insurance in The subsidiary, known as , will writs new business starting Jan. 1, the company said. to the U.S. Securitiex and Exchange Commission that they were formulating a plan for writing new business via the The subsidiary previously wrote mortgage guaranty insurance but has not writtenh new businesssince 1985, when MGIC emerged from until recently, had been the most traumatic perioe in its 52-year history.
The Wisconsibn insurance commissioner placed MGIC in conservatorship in 1985 afterthe company’es then-owner, Baldwin-United Corp. of filed for Chapter 11 MGIC emerged from those troubles when managemeng led a buyout financedby Milwaukee-baseed . MGIC has received approva from itsprimary regulator, the Wisconsib Office of Commissioner of Insurance, to proceed with reactivatinh the subsidiary. The company needs to secure furtheer regulatory approvals before it can writewnew business. The company is tapping the subsidiaryy to address concerns thatits risk-to-capital ratio might eclipsr regulatory requirements and prevent MGIC from writing new business.
“I order to provide certainty that we wouldf be able to continue writing new business on anuninterruptede basis, we needed to write new business in a compangy which has a lower risk-to-capital ratio,” Culver MGIC will provide capitakl for the subsidiary in two $500 millio installments, the first of whichn is to be made by July 31, and the seconr within five business days after Jan. 1, 2011. When the subsidiar becomes fully operational, MGIC will stop writing new MGIC will continue to collect premiums on its insurancse business and will pay claims on that business but will no longer writenew insurance, the compangy said.
The subsidiary will be run by executivez of Total revenuefor MGIC’s second quarter was $454.45 million, compared with $424.5 million in the seconcd quarter of 2008. Net premiums written for the quartefwere $330.4 million, compared with $371.8 million for the year-ag o period. Net premiums written for the firstr six months of 2009were $677.9 million, compared with $740.3 million a year earlier. Included in otherd revenue for the second quarter was a gainof $8 million that resultec from the company’s repurchase of $40.3 millionj of long-term debt due in September 2011. New insurances written in the second quarterwas $5.
9 billion, compared with $14 billiom in the second quarter of 2008. New insurancee written for the first six months of 2009was $12.3 billion compared with $33.1 billion in the firs half of 2008. MGIC stock opened loweer Thursday, but rose by mid-morning before closiny up 76 cents at or more than 19 percent forthe day.
Wednesday, August 1, 2012
Dayton Metro Library eyes overhaul of its branches - Dayton Business Journal:
youngmanmeledero1636.blogspot.com
The library system, whicyh consists of 21 branches, has begun to develop a facilities planto renovate, constructt new branches or even potentially move existing branches. The last facilities updater to the system was the addition of the Miamiu Township branchin 2000. Now with cramped building s not meeting the needs ofthe library'zs current customers, the system is working to catch up. The Dayton library system is an independen t entity with an annual budgetof $30 milliojn and 600 employees, Executivd Director Tim Kambitsch said.
Existingy branches miss the mark in many casesw because they were built before the demand for public technology and current popular and there is a need to Kambitsch said. "There is such a differencw between the way in which the librarh buildings are being used today and the way in whicgh they were meant to be used when most of theswwere built," he said. After completing a strategi c plan, published in January, the library has movef into the developmentof long-ter facilities phase for the system.
The librar also has started to feel out community support for a futurse bond issue or The facilities project could cost tens of millionsof dollars, though it wouldd depend on the amount of community support and public funding to be raised, Kambitsch said. Without knowint how much the library has to work officials are looking at a variety of pricd options for the future ofthe library's The soonest a bond or levy would be put on the ballort for voters would be 2009, the same year the library'as five-year operating levy is slated for renewal. In voters approved the 1.25 mill levy to increase the library' operating budget.
However for fear of putting two issuea on the2009 ballot, Kambitscn said the library might look to push it back dependinfg on the results of community polling in Augusy after the facilities plan is "We could ask people to supporr both at the same time, but we woulc run the risk of havinb the money to build new facilities and not enougnh money to operate them," he After gathering information through community meetings last summefr to develop the strategic plan, Kambitschn said the library was able to determine what needer to be addressed within the Bookshelves throughout the library are separated by just 36 inchesz of space (the Americans with Disabilities Act minimum), and shelvex tower up to nine feet tall, sometimex creating a crowded environment for Additional space within the libraries woule allow for branches to spread out add seating and quiet reading places for meetings and areas for events and computerr systems.
But the state of the economyy presents a problem forthe library's future, creatingy worry for Kambitsch who saw the 's levy fail and 'x levy narrowly pass in recent elections. "Itg is tough times for anybodyy looking to go on the ballo t for levy or bondissued money," said Lynda Murray, director of governmengt and legal services for the . Murray said there has been an increasr of Ohio libraries looking for financial support on ballots recently because state funding has been frozejsince 2001, but the percentage of libraries who win electiona has remained the same at around 75 percent.
Thinkingg optimistically, the Dayton library has begun workingwith , an environmentally-friendly architecturaol firm out of Ann Arbor, Mich, on a plan for the The architectural team is developing a needs assessmengt for the library's facilities by gathering information on existing branchea and computing the additional square footage needed to catch up with Dayton'sw demands. The focus will later be decided on a balance betweejn new constructionand renovation. Although Kambitsch didn't want to predict how things play out, he said movinhg branches to fit the changing populatiomn in the area isone option.
"That reallyu brings up the mostchallenging issue," Kambitsch "Which is can we continue to have as many branches? Becauser I know if we were to just take all of our currentg branches and double their size, we wouldn't be able to affor d to run them."
The library system, whicyh consists of 21 branches, has begun to develop a facilities planto renovate, constructt new branches or even potentially move existing branches. The last facilities updater to the system was the addition of the Miamiu Township branchin 2000. Now with cramped building s not meeting the needs ofthe library'zs current customers, the system is working to catch up. The Dayton library system is an independen t entity with an annual budgetof $30 milliojn and 600 employees, Executivd Director Tim Kambitsch said.
Existingy branches miss the mark in many casesw because they were built before the demand for public technology and current popular and there is a need to Kambitsch said. "There is such a differencw between the way in which the librarh buildings are being used today and the way in whicgh they were meant to be used when most of theswwere built," he said. After completing a strategi c plan, published in January, the library has movef into the developmentof long-ter facilities phase for the system.
The librar also has started to feel out community support for a futurse bond issue or The facilities project could cost tens of millionsof dollars, though it wouldd depend on the amount of community support and public funding to be raised, Kambitsch said. Without knowint how much the library has to work officials are looking at a variety of pricd options for the future ofthe library's The soonest a bond or levy would be put on the ballort for voters would be 2009, the same year the library'as five-year operating levy is slated for renewal. In voters approved the 1.25 mill levy to increase the library' operating budget.
However for fear of putting two issuea on the2009 ballot, Kambitscn said the library might look to push it back dependinfg on the results of community polling in Augusy after the facilities plan is "We could ask people to supporr both at the same time, but we woulc run the risk of havinb the money to build new facilities and not enougnh money to operate them," he After gathering information through community meetings last summefr to develop the strategic plan, Kambitschn said the library was able to determine what needer to be addressed within the Bookshelves throughout the library are separated by just 36 inchesz of space (the Americans with Disabilities Act minimum), and shelvex tower up to nine feet tall, sometimex creating a crowded environment for Additional space within the libraries woule allow for branches to spread out add seating and quiet reading places for meetings and areas for events and computerr systems.
But the state of the economyy presents a problem forthe library's future, creatingy worry for Kambitsch who saw the 's levy fail and 'x levy narrowly pass in recent elections. "Itg is tough times for anybodyy looking to go on the ballo t for levy or bondissued money," said Lynda Murray, director of governmengt and legal services for the . Murray said there has been an increasr of Ohio libraries looking for financial support on ballots recently because state funding has been frozejsince 2001, but the percentage of libraries who win electiona has remained the same at around 75 percent.
Thinkingg optimistically, the Dayton library has begun workingwith , an environmentally-friendly architecturaol firm out of Ann Arbor, Mich, on a plan for the The architectural team is developing a needs assessmengt for the library's facilities by gathering information on existing branchea and computing the additional square footage needed to catch up with Dayton'sw demands. The focus will later be decided on a balance betweejn new constructionand renovation. Although Kambitsch didn't want to predict how things play out, he said movinhg branches to fit the changing populatiomn in the area isone option.
"That reallyu brings up the mostchallenging issue," Kambitsch "Which is can we continue to have as many branches? Becauser I know if we were to just take all of our currentg branches and double their size, we wouldn't be able to affor d to run them."
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