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воскресенье, 24 февраля 2013 г.
вторник, 19 февраля 2013 г.
Lubavitch Education Center faces foreclosure - The Business Journal of the Greater Triad Area:
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’s 84,020-square-foot, seven-story building on seven along with two other is named inthe $8 million foreclosurer lawsuit filed on June 23 by the Birmingham, Ala-based bank in Miami-Dade County Circui t Court. The nonprofit center is affiliated with theChabad Lubavitch, an orthodox Jewis h movement that has temples and education centersz throughout the world. The foreclosure names the nonprofit Friends of Lubavitcb of Florida andthe for-profit 17330 NW 7 LLC. Rabbio Bentzion Korf, who is listed on the LubavitcEducation Center’s Web site as the director, manage s both entities, which took an $8 milliob loan from the bank in 2004.
Korf didn’ft immediately return a call seekingf comment. The center was founded in 1973 as the firstfrabbinical college, or yeshiva, in the southeastern U.S. Orthodox Jews from throughoutt South Florida send their children theree forreligious education. In additionn to the main campus, which is locatex near Golden Glades, the foreclosure targets the 30,750-square-foot education center at 1114 Alton Road in Miamui Beach anda 3,363-square-foot apartment buildingy at 1231 13th St. in Miami Beach.
Miami-basedr attorney Elizabeth Dombovary, who represents Regions Bank inthe lawsuit, didn’y immediately return a call seeking
’s 84,020-square-foot, seven-story building on seven along with two other is named inthe $8 million foreclosurer lawsuit filed on June 23 by the Birmingham, Ala-based bank in Miami-Dade County Circui t Court. The nonprofit center is affiliated with theChabad Lubavitch, an orthodox Jewis h movement that has temples and education centersz throughout the world. The foreclosure names the nonprofit Friends of Lubavitcb of Florida andthe for-profit 17330 NW 7 LLC. Rabbio Bentzion Korf, who is listed on the LubavitcEducation Center’s Web site as the director, manage s both entities, which took an $8 milliob loan from the bank in 2004.
Korf didn’ft immediately return a call seekingf comment. The center was founded in 1973 as the firstfrabbinical college, or yeshiva, in the southeastern U.S. Orthodox Jews from throughoutt South Florida send their children theree forreligious education. In additionn to the main campus, which is locatex near Golden Glades, the foreclosure targets the 30,750-square-foot education center at 1114 Alton Road in Miamui Beach anda 3,363-square-foot apartment buildingy at 1231 13th St. in Miami Beach.
Miami-basedr attorney Elizabeth Dombovary, who represents Regions Bank inthe lawsuit, didn’y immediately return a call seeking
четверг, 14 февраля 2013 г.
FBI arrests Elk Grove police officer, alleges mortgage fraud - Sacramento Business Journal:
ogarawo.wordpress.com
Ali Khalil, 29, is a three-year veteran of the Elk GrovewPolice Department. The criminal complaint, investigatef by agents of the , says Khalil took out two overstating his income oneach one, and claimed both homezs as his primary residence. One home was in Elk Groves and the other in On the Elk Grove homeloan application, he did not claik the Watsonville home as a the FBI said. He also stated an income of $12,000p per month, when his IRS return showed only $7,191q per month. He had also claimed income from apersonalk business, a towing company. But an investigatiohn by the IRS returns for the busineses showed a loss forthe business.
The allegations, accordinb to a statement from the Elk Grove Police have nothing to do with his official duties as asworn officer. He has been placer on administrative leave pending aninternal
Ali Khalil, 29, is a three-year veteran of the Elk GrovewPolice Department. The criminal complaint, investigatef by agents of the , says Khalil took out two overstating his income oneach one, and claimed both homezs as his primary residence. One home was in Elk Groves and the other in On the Elk Grove homeloan application, he did not claik the Watsonville home as a the FBI said. He also stated an income of $12,000p per month, when his IRS return showed only $7,191q per month. He had also claimed income from apersonalk business, a towing company. But an investigatiohn by the IRS returns for the busineses showed a loss forthe business.
The allegations, accordinb to a statement from the Elk Grove Police have nothing to do with his official duties as asworn officer. He has been placer on administrative leave pending aninternal
суббота, 9 февраля 2013 г.
Vacancy rates, commercial mortgage defaults on the rise - Business First of Columbus:
torbjorntrainer1738.blogspot.com
On the heels of reports showinv higher vacancy rates in the officd and industrial markets in all three ofthe region’s another report showed higher delinquency ratesw for commercial properties. In looking at the $16.i9 billion in commercial mortgage-backed securities in South Horsham, Pa.-based found that 1.94 percen of them were delinquentin That’s up from 1.04 percent in Realpoint put 20.1 percenft of the South Florida CMBS loans on its watchn list – meaning the researcuh company has flagged payment defaults, loan maturit risk, low occupancy levels, poor borrower finances or othef material issues. That’s up from 19.4 percent on the watcyh list in December.
Both of those measures came above the nationa averagesof 1.72 percent delinquency and 19.1 perceng on the watch list. As of Dec. 31, commerciak mortgages held by banks and thrifts were actuallg in worse shape thanCMBS loans, with a 2.7 percent delinquency Frank Innaurato, managing director of CMBS researchg for Realpoint, predicted that delinquencyu of these securitized loans would more than double by the end of 2009. Many commercialk properties were underwritten at such inflatec values that their debtservice can’t supportf the cash flow, he said.
“Borroweras are crying poor and coming back to lendersrequiriny forbearance, debt service relief or changeas in interest rates,” Innaurato said. “Some of it is being causedx by the tenant base cominf to borrowers in the retail or office front and asking to renegotiatwe the leases sothey don’t go out of In other cases, commercial loans maturde and properties can’t obtain new he said. Commercial foreclosures have been sweepinhg acrossSouth Florida. Amonv the largest commercial projectzs facingforeclosure suits: Miami Airport Center, a 597,901-square-foot office/warehousre complex near .
Coral Landings III, a -anchored shoppinfg center in Coral Springswith 114,956 squares feet completed and nearlu 50,000 square feet under A 137,066-square-foot former call center buildinb in Boca Raton. Courthouse Commons, a new 99,395-square-footf Class A office building in downtown WestPalm Beach. The 417-room Royap Palm Hotel in Miami Beach. The first quarte r South Florida market view by showe that the office vacancy rate climbedto 23.8 percent in Palm Beach 15 percent in Broward County and 11.
4 percent in Miami-Dade The credit crunch has hurt commercial real estate, but the default rate won’t come anywhere near the problems facing residential real said Rick Miller, South Floridw managing director for CB Richard Ellis. “Th e fundamentals on the commercial side remain pretty he said. Many financial institutions don’t want to take over commercial properties, and are instead reworkingv loans, putting them into receivership or encouraginga sale, Miller said. Realpoint’a Innaurato noted that the number of CMBS loanxs late on payments has increased nearlty twice as fast over the past six monthds as the number of themin Meanwhile, there are 1.
8 million square feet of commercial projects under construction in downtown Miami and the Brickell area that should be ready in 2010, with 13 perceng preleased, the CBRE report stated. Much of the speculatived space coming online won’t be absorbed for said Michael Adler, chairman and CEO of the , a Miami-basedx commercial property owner. “Untio there is a growing economy, you’re not going to have a need for Adler said.
“We’re in for quite a few yearsz of fairly high vacancies in theoffice
On the heels of reports showinv higher vacancy rates in the officd and industrial markets in all three ofthe region’s another report showed higher delinquency ratesw for commercial properties. In looking at the $16.i9 billion in commercial mortgage-backed securities in South Horsham, Pa.-based found that 1.94 percen of them were delinquentin That’s up from 1.04 percent in Realpoint put 20.1 percenft of the South Florida CMBS loans on its watchn list – meaning the researcuh company has flagged payment defaults, loan maturit risk, low occupancy levels, poor borrower finances or othef material issues. That’s up from 19.4 percent on the watcyh list in December.
Both of those measures came above the nationa averagesof 1.72 percent delinquency and 19.1 perceng on the watch list. As of Dec. 31, commerciak mortgages held by banks and thrifts were actuallg in worse shape thanCMBS loans, with a 2.7 percent delinquency Frank Innaurato, managing director of CMBS researchg for Realpoint, predicted that delinquencyu of these securitized loans would more than double by the end of 2009. Many commercialk properties were underwritten at such inflatec values that their debtservice can’t supportf the cash flow, he said.
“Borroweras are crying poor and coming back to lendersrequiriny forbearance, debt service relief or changeas in interest rates,” Innaurato said. “Some of it is being causedx by the tenant base cominf to borrowers in the retail or office front and asking to renegotiatwe the leases sothey don’t go out of In other cases, commercial loans maturde and properties can’t obtain new he said. Commercial foreclosures have been sweepinhg acrossSouth Florida. Amonv the largest commercial projectzs facingforeclosure suits: Miami Airport Center, a 597,901-square-foot office/warehousre complex near .
Coral Landings III, a -anchored shoppinfg center in Coral Springswith 114,956 squares feet completed and nearlu 50,000 square feet under A 137,066-square-foot former call center buildinb in Boca Raton. Courthouse Commons, a new 99,395-square-footf Class A office building in downtown WestPalm Beach. The 417-room Royap Palm Hotel in Miami Beach. The first quarte r South Florida market view by showe that the office vacancy rate climbedto 23.8 percent in Palm Beach 15 percent in Broward County and 11.
4 percent in Miami-Dade The credit crunch has hurt commercial real estate, but the default rate won’t come anywhere near the problems facing residential real said Rick Miller, South Floridw managing director for CB Richard Ellis. “Th e fundamentals on the commercial side remain pretty he said. Many financial institutions don’t want to take over commercial properties, and are instead reworkingv loans, putting them into receivership or encouraginga sale, Miller said. Realpoint’a Innaurato noted that the number of CMBS loanxs late on payments has increased nearlty twice as fast over the past six monthds as the number of themin Meanwhile, there are 1.
8 million square feet of commercial projects under construction in downtown Miami and the Brickell area that should be ready in 2010, with 13 perceng preleased, the CBRE report stated. Much of the speculatived space coming online won’t be absorbed for said Michael Adler, chairman and CEO of the , a Miami-basedx commercial property owner. “Untio there is a growing economy, you’re not going to have a need for Adler said.
“We’re in for quite a few yearsz of fairly high vacancies in theoffice
воскресенье, 3 февраля 2013 г.
JIA baggage system to get upgrade - Jacksonville Business Journal:
sucujovide.wordpress.com
The project, which is scheduled to begin immediatelyy and be finishedby October, includes retrofittingh the airport's existing RFID system with equipmenrt that complies with EPC Global standardds and improving the system to allow every piece of luggage to get an RFID tag for tracking, tracinyg and sorting. "FKI Logistexx looks forward to working with JIA to make it one ofthe world'sz safest and most efficient airports," said Stephenh Ackerman, president of . The compant will add six RFID reader pointsw to the two alreadyin place, whic will be exchanged for new equipment.
Three of the new readerr arrays will be placed at the entrance tothe airport's north and south baggagde make-up areas and manual encodinb station, where baggage that must be manually encoded is handled. The other three new RFID readersx will be installed in new baggage recirculationh loops in the north andsouth make-up areas and along the suspect bag line, where bags are removedf to check for traces of The project will also include adding about 300 feet of conveyoe belt to allow for curbsider check in of large groups and for the new recirculation loopsd in the make-up areas.
It is estimatedf that the airport willuse 20,000 RFID tags to operate the system, with the tags beinvg removed from bags before being loaded on
The project, which is scheduled to begin immediatelyy and be finishedby October, includes retrofittingh the airport's existing RFID system with equipmenrt that complies with EPC Global standardds and improving the system to allow every piece of luggage to get an RFID tag for tracking, tracinyg and sorting. "FKI Logistexx looks forward to working with JIA to make it one ofthe world'sz safest and most efficient airports," said Stephenh Ackerman, president of . The compant will add six RFID reader pointsw to the two alreadyin place, whic will be exchanged for new equipment.
Three of the new readerr arrays will be placed at the entrance tothe airport's north and south baggagde make-up areas and manual encodinb station, where baggage that must be manually encoded is handled. The other three new RFID readersx will be installed in new baggage recirculationh loops in the north andsouth make-up areas and along the suspect bag line, where bags are removedf to check for traces of The project will also include adding about 300 feet of conveyoe belt to allow for curbsider check in of large groups and for the new recirculation loopsd in the make-up areas.
It is estimatedf that the airport willuse 20,000 RFID tags to operate the system, with the tags beinvg removed from bags before being loaded on
вторник, 29 января 2013 г.
Drum Clinic Hd Light, Free iOS Trailer-App For Drum Clinic HD Out Now! - prMac (press release)
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Drum Clinic Hd Light, Free iOS Trailer-App For Drum Clinic HD Out Now! prMac (press release) [prMac.com] The Hague, Netherlands - Go Independent Records, a Dutch music app company, introduces a free version of their highly acclaimed Drum Clinic HD app, a video instruction app for drummers on IOS worldwide, the first app-clinic ever. Drum ... |
четверг, 24 января 2013 г.
Giarratana's $70M Viridian sold out - Nashville Business Journal:
adepylex.blogspot.com
The $70 million, 31-story Viridian, which is being developer by and Atlanta-based , now has all of its 305 units under contract, according to a release. The located at 415 Church Street next tothe L&C is slated to open in the fall. Pricez for condos in Viridian rangefrom $130,000 to $400,00 0 with penthouse units priced near $1 million. Sixty-one of the units qualify as affordable housing, meaning they're pricedc for households earning less than 80 percen of the area median Viridian is one of several downtown residential projects Giarratana hasin , a $220 million, 55-story building, will be builrt a block away from Viridian at 5th Avenue and Church Also, Giarratana Development is converting the 86-unitf Bennie Dillon building into loft apartmentz and The Cumberland's 289 apartments are beinv converted into condominiums.
The company also is planning tobuilsd Encore, a high-rise adjacent to the .
The $70 million, 31-story Viridian, which is being developer by and Atlanta-based , now has all of its 305 units under contract, according to a release. The located at 415 Church Street next tothe L&C is slated to open in the fall. Pricez for condos in Viridian rangefrom $130,000 to $400,00 0 with penthouse units priced near $1 million. Sixty-one of the units qualify as affordable housing, meaning they're pricedc for households earning less than 80 percen of the area median Viridian is one of several downtown residential projects Giarratana hasin , a $220 million, 55-story building, will be builrt a block away from Viridian at 5th Avenue and Church Also, Giarratana Development is converting the 86-unitf Bennie Dillon building into loft apartmentz and The Cumberland's 289 apartments are beinv converted into condominiums.
The company also is planning tobuilsd Encore, a high-rise adjacent to the .
суббота, 19 января 2013 г.
Stadium deal faces injunction attempt - Los Angeles Business from bizjournals:
oryucyjofec1482.blogspot.com
Grace Solares and Elvis who filed suitin February, filed an emergency motionb Monday in an effort to stop the sale of the bondxs altogether. A copy of the temporar injunction motion provided by the plaintiffs allegea the county is exceeding its constitutiona l tax and spending powers by issuing bonds tied to the professionaolsports tax/tourist development tax. As a result of the motion and to avoid a cloud that could affectf the interest rate onthe bonds, the county has pushed back the bond sale Miami-Dade spokeswoman Vicki Malletter said. However, the closing date for all the bonds remainsJuly 14.
The countt had already planned to push back the bond closinvg date due to a request change on how some financingg fees are paidto , which has providesd the county with a letter of credit for the Wachovia’s letter of credit is for two years at approximateluy $100 million. The Wachovia change would requirr an amendment to the bond ordinancee that allowed the county to issuse Professional Sports Franchise Tax and Tourisy DevelopmentTax bonds. County commissionerzs will get a chance to consider the change at a specialo meetingon Friday. A publix hearing and second reading is scheduled forJune 30.
If county commissionerse approve theWachovia change, the three parties would have until mid-July to close on financing, instead of the end of Miami-Dade County and the parties also will be give n until July 15, instead of July 1, to pull out of the The change would not impact the projectecd financing expenditures the county commission alreadyh has reviewed, according to a statement from Countyu Manager George Burgess. “Ou confidence in the project and its underlying funding plan hasnot changed,” he said in a statementt on Monday.
On Friday, Burgess also wants to make “minor technicao corrections” to the countyh deed that conveys two parcels to the city of Miami for thestadiu garage. Burgess also is working with Miami to modify the deed on the stadiumj site to reflect the changwe inthe deal’s new terminatiohn date. The city of Miami commissiom will meet Thursday to consider theWachovia change. In county commissioners approved issuing bonds totaling a maximumof $536 millio n toward construction of the $640 million, 37,000-sear ballpark.
Grace Solares and Elvis who filed suitin February, filed an emergency motionb Monday in an effort to stop the sale of the bondxs altogether. A copy of the temporar injunction motion provided by the plaintiffs allegea the county is exceeding its constitutiona l tax and spending powers by issuing bonds tied to the professionaolsports tax/tourist development tax. As a result of the motion and to avoid a cloud that could affectf the interest rate onthe bonds, the county has pushed back the bond sale Miami-Dade spokeswoman Vicki Malletter said. However, the closing date for all the bonds remainsJuly 14.
The countt had already planned to push back the bond closinvg date due to a request change on how some financingg fees are paidto , which has providesd the county with a letter of credit for the Wachovia’s letter of credit is for two years at approximateluy $100 million. The Wachovia change would requirr an amendment to the bond ordinancee that allowed the county to issuse Professional Sports Franchise Tax and Tourisy DevelopmentTax bonds. County commissionerzs will get a chance to consider the change at a specialo meetingon Friday. A publix hearing and second reading is scheduled forJune 30.
If county commissionerse approve theWachovia change, the three parties would have until mid-July to close on financing, instead of the end of Miami-Dade County and the parties also will be give n until July 15, instead of July 1, to pull out of the The change would not impact the projectecd financing expenditures the county commission alreadyh has reviewed, according to a statement from Countyu Manager George Burgess. “Ou confidence in the project and its underlying funding plan hasnot changed,” he said in a statementt on Monday.
On Friday, Burgess also wants to make “minor technicao corrections” to the countyh deed that conveys two parcels to the city of Miami for thestadiu garage. Burgess also is working with Miami to modify the deed on the stadiumj site to reflect the changwe inthe deal’s new terminatiohn date. The city of Miami commissiom will meet Thursday to consider theWachovia change. In county commissioners approved issuing bonds totaling a maximumof $536 millio n toward construction of the $640 million, 37,000-sear ballpark.
понедельник, 14 января 2013 г.
Lubavitch Education Center faces foreclosure - Boston Business Journal:
ogarawo.wordpress.com
’s 84,020-square-foot, seven-story building on seven acres, along with two other properties, is named in the $8 millionj foreclosure lawsuit filed on June 23 bythe Birmingham, Ala-basefd bank in Miami-Dade County Circuit The nonprofit center is affiliated with the Chabar Lubavitch, an orthodox Jewish movement that has templees and education centers throughout the world. The foreclosur e names the nonprofit Friends of Lubavitch of Florida andthe for-profir 17330 NW 7 LLC. Rabbi Bentzion Korf, who is listec on the LubavitchEducation Center’se Web site as the director, managews both entities, which took an $8 million loan from the bank in 2004.
Korf didn’tg immediately return a call seeking comment. The centef was founded in 1973 as the firstrabbinical college, or in the southeastern U.S. Orthodosx Jews from throughout South Florida send their children there forreligious education. In addition to the main which is located near Golden the foreclosure targetsthe 30,750-square-foot educationh center at 1114 Alton Road in Miamoi Beach and a 3,363-square-foot apartment buildint at 1231 13th St. in Miami Beach. Miami-based attorney Elizabeth Dombovary, who represents Regions Bank inthe lawsuit, didn’gt immediately return a call seeking comment.
’s 84,020-square-foot, seven-story building on seven acres, along with two other properties, is named in the $8 millionj foreclosure lawsuit filed on June 23 bythe Birmingham, Ala-basefd bank in Miami-Dade County Circuit The nonprofit center is affiliated with the Chabar Lubavitch, an orthodox Jewish movement that has templees and education centers throughout the world. The foreclosur e names the nonprofit Friends of Lubavitch of Florida andthe for-profir 17330 NW 7 LLC. Rabbi Bentzion Korf, who is listec on the LubavitchEducation Center’se Web site as the director, managews both entities, which took an $8 million loan from the bank in 2004.
Korf didn’tg immediately return a call seeking comment. The centef was founded in 1973 as the firstrabbinical college, or in the southeastern U.S. Orthodosx Jews from throughout South Florida send their children there forreligious education. In addition to the main which is located near Golden the foreclosure targetsthe 30,750-square-foot educationh center at 1114 Alton Road in Miamoi Beach and a 3,363-square-foot apartment buildint at 1231 13th St. in Miami Beach. Miami-based attorney Elizabeth Dombovary, who represents Regions Bank inthe lawsuit, didn’gt immediately return a call seeking comment.
суббота, 12 января 2013 г.
Energy Industry Awaits US Ruling on Prairie Chicken - New York Times
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Energy Industry Awaits US Ruling on Prairie Chicken New York Times The United States Fish and Wildlife Service, acting under the Endangered Species Act, will decide by the end of September whether to put the birds on its list of threatened species. Such a move could have serious repercussions for wind farms, as well ... |
пятница, 11 января 2013 г.
GM files for bankruptcy protection - Dallas Business Journal:
erofeyporgrinin.blogspot.com
Chevrolet-Saturn of Harlem Inc., a New York-bases affiliate of the Detroit automaker, was the firs t GM affiliate to seek bankruptcyt protection Monday morning throughthe U.S. Bankrutpcy Court'se Southern District of New York, according to courgt records. The restructuring will enablew GM to emerge as a viable entity underf the brand namenew GM. It also will give the federa government, which plans to make availablsabout $30 billion of federak assistance to support the restructuring, a largs ownership stake in the company.
Two area companiee were among the list of creditorsin GM's New York-based Bank of New York Mellon, with claimas of $176 million, and Downtown-based US Steel, with claimz of $9.6 million. For a list of see GM's . According to a release from theWhitd House, the company plans to announce todahy that it will close 11 facilitiez and idle another three. GM had already announced in May .
Chevrolet-Saturn of Harlem Inc., a New York-bases affiliate of the Detroit automaker, was the firs t GM affiliate to seek bankruptcyt protection Monday morning throughthe U.S. Bankrutpcy Court'se Southern District of New York, according to courgt records. The restructuring will enablew GM to emerge as a viable entity underf the brand namenew GM. It also will give the federa government, which plans to make availablsabout $30 billion of federak assistance to support the restructuring, a largs ownership stake in the company.
Two area companiee were among the list of creditorsin GM's New York-based Bank of New York Mellon, with claimas of $176 million, and Downtown-based US Steel, with claimz of $9.6 million. For a list of see GM's . According to a release from theWhitd House, the company plans to announce todahy that it will close 11 facilitiez and idle another three. GM had already announced in May .
среда, 9 января 2013 г.
The Rhetorical Meaning of the Emancipation Proclamation - Huffington Post
ogarawo.wordpress.com
Sacramento Observer | The Rhetorical Meaning of the Emancipation Proclamation Huffington Post As we celebrate the 150th year of the Emancipation Proclamation, historian Kidada Williams reminds us that as we celebrate the sesquicentennial anniversary of the document, we should examine what the emancipation did and did not do. Williams notes that ... BENJAMIN JEALOUS: The Emancipation Proclamation and Our Collective History Radio Smart Talk: Emancipation Proclamation with two renowned historians ... Online class to focus on Emancipation Proclamation |
понедельник, 7 января 2013 г.
Empire Properties goes platinum with Heilig-Levine restoration - Triangle Business Journal:
ogarawo.wordpress.com
The Heilig-Levine restoration and revitalizationh project in downtown Raleigh entailed the blendingy of a historic complex of buildings from the 1870sd through the 1920s intoa state-of-the-art building that now housesx offices, restaurants and The 51,000-square-foot, $13 million project was completed in 2007. The project was made possible througjh a blend offinancing sources. Seven banka were part of the financing, which involvex a mix of syndicated taxcredity equity, acquisition debt, conventional construction debt, tax credit equity bridgre debt, tenant upfit and New Markets Tax Credit enhanced permanent debt. What are the specifivc sustainable features and the cost ofthesew additions?
Restoring historic buildings is the “ultimate recyclingy program.” Heilig-Levine reused existing materiales and remained faithful to the original charactet of the buildings, resulting in minimalp changes to the structure while improving energuy efficiency. Working with , the anchor tenant, Empire Properties was awardedNorth Carolina’s first platinumk certification under the ’s Leadership in Energty and Environmental Design (LEED) rating system one of only 61 platinumm LEED-certified projects in the world. Why did you include thes features? Empire Properties was led by its commitmentr toenvironmental responsibility.
Using the Northu Carolina Rehab Code, Empire Properties maintained many of the historical featured while making the building complian for occupancy for decadesto come. Specific features range from retaining thick exterioe walls for greater interior climate controlk torestoring original, operabld windows to allow for ample naturalk light and fresh air, whic reduces the dependency on the HVAC Additionally, a unified development agreement approved by the city allowed Empire Properties to run the four buildings as one, whicbh allowed use of a single plumbing line; energy-efficieny water-cooled mechanical units; single fire suppression system; and single electricapl service and fire alarm system.
Did you attract any tenants/buyerw because of these sustainable features? Empird Properties’ Heilig-Levine office tenant, Cherokee, took 23,000 squaree feet of office space, half the complex. Empirew Properties earned more than half of the pointe required for platinum LEED certification through its histori preservationand rehabilitation. Cherokee garnered the certification recognition.
The Heilig-Levine restoration and revitalizationh project in downtown Raleigh entailed the blendingy of a historic complex of buildings from the 1870sd through the 1920s intoa state-of-the-art building that now housesx offices, restaurants and The 51,000-square-foot, $13 million project was completed in 2007. The project was made possible througjh a blend offinancing sources. Seven banka were part of the financing, which involvex a mix of syndicated taxcredity equity, acquisition debt, conventional construction debt, tax credit equity bridgre debt, tenant upfit and New Markets Tax Credit enhanced permanent debt. What are the specifivc sustainable features and the cost ofthesew additions?
Restoring historic buildings is the “ultimate recyclingy program.” Heilig-Levine reused existing materiales and remained faithful to the original charactet of the buildings, resulting in minimalp changes to the structure while improving energuy efficiency. Working with , the anchor tenant, Empire Properties was awardedNorth Carolina’s first platinumk certification under the ’s Leadership in Energty and Environmental Design (LEED) rating system one of only 61 platinumm LEED-certified projects in the world. Why did you include thes features? Empire Properties was led by its commitmentr toenvironmental responsibility.
Using the Northu Carolina Rehab Code, Empire Properties maintained many of the historical featured while making the building complian for occupancy for decadesto come. Specific features range from retaining thick exterioe walls for greater interior climate controlk torestoring original, operabld windows to allow for ample naturalk light and fresh air, whic reduces the dependency on the HVAC Additionally, a unified development agreement approved by the city allowed Empire Properties to run the four buildings as one, whicbh allowed use of a single plumbing line; energy-efficieny water-cooled mechanical units; single fire suppression system; and single electricapl service and fire alarm system.
Did you attract any tenants/buyerw because of these sustainable features? Empird Properties’ Heilig-Levine office tenant, Cherokee, took 23,000 squaree feet of office space, half the complex. Empirew Properties earned more than half of the pointe required for platinum LEED certification through its histori preservationand rehabilitation. Cherokee garnered the certification recognition.
воскресенье, 6 января 2013 г.
Lopez Negrete gets taste of Dr Pepper, Kraft accounts - bizjournals:
haga-aa8xuq.blogspot.com
The Houston-based agency recently secured Snapple Group and Kraft Singlesas clients, and has starting creatingf 2009 campaigns for the brands. The involve parties would not disclose the value ofthe contracts. Plano-based Dr Peppe and Northfield, Ill.-based Kraft join a roster of nationalo brands already representedby López Negretee Communications, including Bank of America, Wal-Mart Stores Microsoft Corp., Shell Oil Co. and Milled Brewing Co. For Kraft Singles, López Negrets Communications was named the Hispanic agencof record, and duties will include creating conten for mass media and interactive.
Agency head Alex Lópexz Negrete says the creative work for Kraft is already under with the first ideas set to go publivcin July. “This is our firstg client within the Kraft and we arevery excited,” López Negretre says. “It’s also refreshing to have a clienty that isso well-prepared.” Basil a spokesman for , declined to comment until the campaign was undee way. Meanwhile, for the Dr Pepper Snapple Group account, López Negrete says his agencyg has beengiven “tremendous creativ e freedom.
” “The campaign we are doing for Dr ‘Vida23,’ is actually the idea we pitchedc to them during the proposal, and that doesn’tg happen in the business very oftej — that is very he says. López Negret Communications is handling creative assignments for Dr Pepper and 7UP on anational platform, and will handle regiona l advertising for Squirt. The agencgy will also be doing some workwith Sunkist. Monic a Morales, Dr Pepper brand manager for theHispanif market, and René Sánchez, associates brand manager for 7UP, say the campaigns are designesd to build consumer engagement.
Moralez says “Vida23” is targeting Latino youths ages 18 to 24 who are both bicultural and A Web site has been created that incorporatesdwhat López Negrete says are the passion s of today’s young Latinos. “Thety enjoy music, hanging out, the idea of fame or looking at theircar and, not to our surprise, their family,” he says. Televisiom and radio spots will kick off the DrPeppert campaign, which features a song called “La La La Life/Vida23.” The Web site allows users to remix theirf own version of the song as well as view the musi video and download ringtones.
Spanish-language television ads will airin Dallas, Los San Antonio and Sacramento, Calif., while radip spots will air in thosr same markets as well as Chicago, Phoenix, Fresno, Calif.; El Paso and As part of the campaign, López Negrete Communications has created “Club23” a traveling portable club where consumers can play dance and get noticed by the “Pepperatzzi.” Othee campaign efforts include “VidaVans” that travelk to retailers: “Tu Ride23,” a chance to win a new car; and a chance to win a family reunion.
Meanwhile, López Negrete Communications is putting a more wholesom e spin on a new campaignfor 7UP, but using some of the same creativwe tactics as Dr Pepper. Sanchez says the “Sevenisima” campaign will target Hispanic mothers. He says the creative work includes celebratingfa “natural way of life” and the things mothersw do with their families. The 7UP campaignh will also incorporate an online component as well as televisio andradio spots. Other efforts are beingt tied inas well, includingv a “Seven Dias de Sevenisima” contest, where winners received seven days of family-oriented prizesz such as home cleaning, shopping sprees and famil y vacations.
Like with Dr Pepper, Lópe Negrete Communications has centerer the 7UP campaignon music. The theme song, “Sevenisima,” will be sung by Denise who will also serve as the television spokeswomabn for commercials that will be shown exclusivelyhon Telemundo. Gonzalez will also be featuredd on the Web site and makepublic appearances.
The Houston-based agency recently secured Snapple Group and Kraft Singlesas clients, and has starting creatingf 2009 campaigns for the brands. The involve parties would not disclose the value ofthe contracts. Plano-based Dr Peppe and Northfield, Ill.-based Kraft join a roster of nationalo brands already representedby López Negretee Communications, including Bank of America, Wal-Mart Stores Microsoft Corp., Shell Oil Co. and Milled Brewing Co. For Kraft Singles, López Negrets Communications was named the Hispanic agencof record, and duties will include creating conten for mass media and interactive.
Agency head Alex Lópexz Negrete says the creative work for Kraft is already under with the first ideas set to go publivcin July. “This is our firstg client within the Kraft and we arevery excited,” López Negretre says. “It’s also refreshing to have a clienty that isso well-prepared.” Basil a spokesman for , declined to comment until the campaign was undee way. Meanwhile, for the Dr Pepper Snapple Group account, López Negrete says his agencyg has beengiven “tremendous creativ e freedom.
” “The campaign we are doing for Dr ‘Vida23,’ is actually the idea we pitchedc to them during the proposal, and that doesn’tg happen in the business very oftej — that is very he says. López Negret Communications is handling creative assignments for Dr Pepper and 7UP on anational platform, and will handle regiona l advertising for Squirt. The agencgy will also be doing some workwith Sunkist. Monic a Morales, Dr Pepper brand manager for theHispanif market, and René Sánchez, associates brand manager for 7UP, say the campaigns are designesd to build consumer engagement.
Moralez says “Vida23” is targeting Latino youths ages 18 to 24 who are both bicultural and A Web site has been created that incorporatesdwhat López Negrete says are the passion s of today’s young Latinos. “Thety enjoy music, hanging out, the idea of fame or looking at theircar and, not to our surprise, their family,” he says. Televisiom and radio spots will kick off the DrPeppert campaign, which features a song called “La La La Life/Vida23.” The Web site allows users to remix theirf own version of the song as well as view the musi video and download ringtones.
Spanish-language television ads will airin Dallas, Los San Antonio and Sacramento, Calif., while radip spots will air in thosr same markets as well as Chicago, Phoenix, Fresno, Calif.; El Paso and As part of the campaign, López Negrete Communications has created “Club23” a traveling portable club where consumers can play dance and get noticed by the “Pepperatzzi.” Othee campaign efforts include “VidaVans” that travelk to retailers: “Tu Ride23,” a chance to win a new car; and a chance to win a family reunion.
Meanwhile, López Negrete Communications is putting a more wholesom e spin on a new campaignfor 7UP, but using some of the same creativwe tactics as Dr Pepper. Sanchez says the “Sevenisima” campaign will target Hispanic mothers. He says the creative work includes celebratingfa “natural way of life” and the things mothersw do with their families. The 7UP campaignh will also incorporate an online component as well as televisio andradio spots. Other efforts are beingt tied inas well, includingv a “Seven Dias de Sevenisima” contest, where winners received seven days of family-oriented prizesz such as home cleaning, shopping sprees and famil y vacations.
Like with Dr Pepper, Lópe Negrete Communications has centerer the 7UP campaignon music. The theme song, “Sevenisima,” will be sung by Denise who will also serve as the television spokeswomabn for commercials that will be shown exclusivelyhon Telemundo. Gonzalez will also be featuredd on the Web site and makepublic appearances.
суббота, 5 января 2013 г.
American Beverage parent says earnings may be off by $14M - Business First of Columbus:
sucujovide.wordpress.com
Royal Wessanen NV, American Beverage’ds Netherlands-based owner of 20 years, is lookinbg to exit its North American operations and recently retained a Wall Streety investment bank to find a buyer forthe Verona-based juicr and cocktail mix maker. However, the Dutcyh parent company says it hasfounc “irregularities” in American Beverage’s financial Royal Wessanen said the business unit’sw earnings from 2006 to 2008 may be overstatedf by nearly $14 millionh after taxes. Merger and acquisition professionals said the problenm could deterpotential buyers, and Roya l Wessanen acknowledged that an acquisition will take longer than originally anticipated.
“Royal Wessanen NV initiated an investigation by its externalk auditor intopotential irregularities,” the companty said in a statement. “The preliminary results of the investigation indicates that the financial results of ABC were misstate over a numberof years, going back to 2006.” Adriaanj Robertson, Royal Wessanen vice president of treasurh and investor relations, said it does not have a specific timeline for the investigation, which is in the earlyh stages.
He said the company expects to provide an update along withits second-quarter resultx at the end of Robertson would not say when or how the misstatements were discoveredr but said problems “may even go back to priort periods.” Royal Wessanen continues to work with the investmentf bank, which Robertson would not identify, to shop Americann Beverage but said the investigation “wil l probably lead to a delay in the whole Robertson said it was “possible, but I don’ t consider it to be that Royal Wessanen would call off the sale and continue to run Americah Beverage. The company has not given a deadlins forthe sale.
It is businessx as usual at the Verona about eight miles northeastof Pittsburgh, whichy has 530 local employees and annuallu churns out 1.5 million cases of cocktailk mixes. The company, which began as Daily’s Juice a door-to-door distributor in 1960, is the nation’s third-largestr producer of noncarbonated juice drinks including the popular juice jugs Hugs but its core business is cocktail mixers andbar syrups, sold to retailers and to upscalse chains including Ruth’s Chris Steakhouse and Hyatt Hotels. “We’rs trying to see that the investigation has minimal impac on the operations processat ABC,” Robertson said.
Americann Beverage’s top management left separately this CEO Tony Battaglialeft “on this own in April to take a job with an unidentified food compang in the northeastern U.S., and CFO Pete Chiappo “was askexd to step down,” said who declined further comment. American Beverage is being led by executivezs atRoyal Wessanen’s North Americanm division, which includes the distribution businesa Tree of Life North America in St. Fla., and PANOS Brands and Libertu Richter, both of Saddle Brook, N.J. Professionals in the locall M&A sector agreed the disclosure of financialk misstatements will impact thesale process.
“It’s a pretty significan t number when you look at the size ofthe business,” said Craifg Wolfanger, president of Downtown investmentg banking firm Raptor LLC. “It doesn’r mean it can stop a deal, but peoples are going to take a lot more time to lookat it, and theres will be downward value pressures because they’ll be concernexd about overpaying,” The severity depends on specifics of the financialo misstatements and the size of the potential buyers, Wolfanger said. A very large company is more likelyh to acquire product lines and not a lot of he said, while a smaller buyer mighf look to operate the company as is.
“Itf depends how far up the income statement thesw irregularities occur as to whogets spooked,” Wolfanger “The bigger guy is concerned if it relates to gross margins on the smaller potential buyers will have problems trying to sort to what’s happenes and what’s the true profitability of the To the extent it’s irregular to a vendor sourcingg agreement or something misstated, everyone’s going to have a problem.
” Buyerx are actively looking for manufacturing companies, which have been in short supply since the recession hit because owners are holding out for higherr prices when the economy rebounds, said Jeffergy Peters, a director of Downtown law firm Cohen & Grigsby PC who specializex in M&A. He said many private equity firmzs have raised funds that they must deploy within a set periode of time or elserepay “A private equity firm is goinv to be looking at pricing free cash or EBITDA (earningxs before interest, taxes, depreciation and amortization have been subtracted), so if earningz have been overstated, it’s going to resul t in a significantly lower purchase price,” Petersa said.
For strategic buyers — other companies lookingy to increase market share or brancgh into relatedbusinesses — “thid is a wonderful time for buying companie with prices that are depressed,” he providing that they have the cash and don’t have to arrangse financing.
Royal Wessanen NV, American Beverage’ds Netherlands-based owner of 20 years, is lookinbg to exit its North American operations and recently retained a Wall Streety investment bank to find a buyer forthe Verona-based juicr and cocktail mix maker. However, the Dutcyh parent company says it hasfounc “irregularities” in American Beverage’s financial Royal Wessanen said the business unit’sw earnings from 2006 to 2008 may be overstatedf by nearly $14 millionh after taxes. Merger and acquisition professionals said the problenm could deterpotential buyers, and Roya l Wessanen acknowledged that an acquisition will take longer than originally anticipated.
“Royal Wessanen NV initiated an investigation by its externalk auditor intopotential irregularities,” the companty said in a statement. “The preliminary results of the investigation indicates that the financial results of ABC were misstate over a numberof years, going back to 2006.” Adriaanj Robertson, Royal Wessanen vice president of treasurh and investor relations, said it does not have a specific timeline for the investigation, which is in the earlyh stages.
He said the company expects to provide an update along withits second-quarter resultx at the end of Robertson would not say when or how the misstatements were discoveredr but said problems “may even go back to priort periods.” Royal Wessanen continues to work with the investmentf bank, which Robertson would not identify, to shop Americann Beverage but said the investigation “wil l probably lead to a delay in the whole Robertson said it was “possible, but I don’ t consider it to be that Royal Wessanen would call off the sale and continue to run Americah Beverage. The company has not given a deadlins forthe sale.
It is businessx as usual at the Verona about eight miles northeastof Pittsburgh, whichy has 530 local employees and annuallu churns out 1.5 million cases of cocktailk mixes. The company, which began as Daily’s Juice a door-to-door distributor in 1960, is the nation’s third-largestr producer of noncarbonated juice drinks including the popular juice jugs Hugs but its core business is cocktail mixers andbar syrups, sold to retailers and to upscalse chains including Ruth’s Chris Steakhouse and Hyatt Hotels. “We’rs trying to see that the investigation has minimal impac on the operations processat ABC,” Robertson said.
Americann Beverage’s top management left separately this CEO Tony Battaglialeft “on this own in April to take a job with an unidentified food compang in the northeastern U.S., and CFO Pete Chiappo “was askexd to step down,” said who declined further comment. American Beverage is being led by executivezs atRoyal Wessanen’s North Americanm division, which includes the distribution businesa Tree of Life North America in St. Fla., and PANOS Brands and Libertu Richter, both of Saddle Brook, N.J. Professionals in the locall M&A sector agreed the disclosure of financialk misstatements will impact thesale process.
“It’s a pretty significan t number when you look at the size ofthe business,” said Craifg Wolfanger, president of Downtown investmentg banking firm Raptor LLC. “It doesn’r mean it can stop a deal, but peoples are going to take a lot more time to lookat it, and theres will be downward value pressures because they’ll be concernexd about overpaying,” The severity depends on specifics of the financialo misstatements and the size of the potential buyers, Wolfanger said. A very large company is more likelyh to acquire product lines and not a lot of he said, while a smaller buyer mighf look to operate the company as is.
“Itf depends how far up the income statement thesw irregularities occur as to whogets spooked,” Wolfanger “The bigger guy is concerned if it relates to gross margins on the smaller potential buyers will have problems trying to sort to what’s happenes and what’s the true profitability of the To the extent it’s irregular to a vendor sourcingg agreement or something misstated, everyone’s going to have a problem.
” Buyerx are actively looking for manufacturing companies, which have been in short supply since the recession hit because owners are holding out for higherr prices when the economy rebounds, said Jeffergy Peters, a director of Downtown law firm Cohen & Grigsby PC who specializex in M&A. He said many private equity firmzs have raised funds that they must deploy within a set periode of time or elserepay “A private equity firm is goinv to be looking at pricing free cash or EBITDA (earningxs before interest, taxes, depreciation and amortization have been subtracted), so if earningz have been overstated, it’s going to resul t in a significantly lower purchase price,” Petersa said.
For strategic buyers — other companies lookingy to increase market share or brancgh into relatedbusinesses — “thid is a wonderful time for buying companie with prices that are depressed,” he providing that they have the cash and don’t have to arrangse financing.
четверг, 3 января 2013 г.
Security Kicked Out An Entire Section Of Raiders And Chargers Fans - Deadspin
zuloraxelewo.blogspot.com
Bleacher Report | Security Kicked Out An Entire Section Of Raiders And Chargers Fans Deadspin Security Kicked Out An Entire Section Of Raiders And Chargers Fans These seats are the absolute cheapest at Qualcomm Stadium: upper deck, behind an end zone, near the scoreboard. They're empty in this video, but not for a lack of tickets sold. This is ... Entire Section of Fans at Raiders-Chargers Arrested for Brawl Raiders And Chargers Fans Ended The Season With A Brawl That Got An Entire ... An entire section of fans was arrested during Chargers-Raiders |
среда, 2 января 2013 г.
Second recession deemed possible - Kansas City Business Journal:
plesciamipukoa1855.blogspot.com
Those odds may seem low, but they’re actuallyt high since double-dip recessions are rare and the U.S. economy growse 95 percent of the time, says the chamber’s Marty Regalia. He predictxs the current economic downturb will endaround September. However, the unemployment rate will remain high througuh the first half of next year andinvestmenft won’t snap back as quickly as it usually does afted a recession, Regalia says. Inflation, however, loomx as a potential problem because of thefederap government’s huge budget deficits and the massiv e amount of dollars pumped into the economty by the Federal Reserve, he says.
“The economgy has got to be running on its own by the middled ofnext year,” Regalia says. Almost everyh major inflationary periodin U.S. history was preceded by heavt debt levels, he notes. The chancesx of a double-dip recession will be lower if Ben Bernank e is reappointed chairman of the Federal Regalia says. If President Barack Obamaq appoints his economic adviser Larryy Summers to chairthe Fed, that woulds signal the monetary spigotg would remain open for a longer time, he predicts.
A coalescinyg of the Fed and the Obama administrationis “not something the markets want to see,” Regalia Obama has declined to say whether he will reappoint whose term ends in February.
Those odds may seem low, but they’re actuallyt high since double-dip recessions are rare and the U.S. economy growse 95 percent of the time, says the chamber’s Marty Regalia. He predictxs the current economic downturb will endaround September. However, the unemployment rate will remain high througuh the first half of next year andinvestmenft won’t snap back as quickly as it usually does afted a recession, Regalia says. Inflation, however, loomx as a potential problem because of thefederap government’s huge budget deficits and the massiv e amount of dollars pumped into the economty by the Federal Reserve, he says.
“The economgy has got to be running on its own by the middled ofnext year,” Regalia says. Almost everyh major inflationary periodin U.S. history was preceded by heavt debt levels, he notes. The chancesx of a double-dip recession will be lower if Ben Bernank e is reappointed chairman of the Federal Regalia says. If President Barack Obamaq appoints his economic adviser Larryy Summers to chairthe Fed, that woulds signal the monetary spigotg would remain open for a longer time, he predicts.
A coalescinyg of the Fed and the Obama administrationis “not something the markets want to see,” Regalia Obama has declined to say whether he will reappoint whose term ends in February.
вторник, 1 января 2013 г.
Pennsylvania airports share $6.6M in state and federal money - Pittsburgh Business Times:
lihung-associations.blogspot.com
million in federal and state funds to improve safetyand Gov. Ed Rendell announced Monday. "This is one more way in whicbhmy administration, working with the federal is helping to revive our Rendell said in a news release. "These projects translate into jobs for Pennsylvanianse at a time when jobs are rapidly At thesame time, this work means increased safety and efficiency at Using a widely accepted calculation that each $1 billiobn of investments means 30,000 jobs, the state is estimatingt the investment could lead to more than 190 The state is putting up $170,664 from PennDOT's aviation development programm and leverages more than $170,000 in matching Meanwhile, the is kicking in nearly $6.
5 million in grants through the block grant gets $195,000 to repair pavement areas. , Beaver County, gets $519,776 to relocatde or improve lighting ofutility lines. gets $604,50p for the construction of itssouth taxiway. , Fayett e County, gets $1 million to continue bringing runwahy safety areas up toFAA standards. gets $126,750 to buy snow remova equipmentand $58,500 to continue tree removalk near and under runway approaches. gets $58,500 for a perimeteer fence that will help curb wildlife andpedestriah interference.
million in federal and state funds to improve safetyand Gov. Ed Rendell announced Monday. "This is one more way in whicbhmy administration, working with the federal is helping to revive our Rendell said in a news release. "These projects translate into jobs for Pennsylvanianse at a time when jobs are rapidly At thesame time, this work means increased safety and efficiency at Using a widely accepted calculation that each $1 billiobn of investments means 30,000 jobs, the state is estimatingt the investment could lead to more than 190 The state is putting up $170,664 from PennDOT's aviation development programm and leverages more than $170,000 in matching Meanwhile, the is kicking in nearly $6.
5 million in grants through the block grant gets $195,000 to repair pavement areas. , Beaver County, gets $519,776 to relocatde or improve lighting ofutility lines. gets $604,50p for the construction of itssouth taxiway. , Fayett e County, gets $1 million to continue bringing runwahy safety areas up toFAA standards. gets $126,750 to buy snow remova equipmentand $58,500 to continue tree removalk near and under runway approaches. gets $58,500 for a perimeteer fence that will help curb wildlife andpedestriah interference.
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