gorbunovabowiper.blogspot.com
The Charlotte-based company has worked on severaluniversityu projects, including the Barnhardft Student Activity Center, Irwinj Belk Track and Fielsd Center, Lynch Residence Hall and the Bioinformaticsd Research Center. Rodgers Builders also is the constructiobn manager onthe university’se new, $50.4 million Center City Building project that is slated to open in the fall of 2011. A groundbreakinh ceremony was held in April forthe 12-story, classrook building at the corner of Nintyh and Brevard streets in uptown Charlotte.
“What sets Pat apart from most is her she remains personally invested in the institutions and organizations she touches long after her formalk involvementhas ended,” says Philip Dubois, UNC Charlottse chancellor. “Her commitment to the betterment of our communit extends to her business In fact, Rodgers Builderz has been hailed time and again as the epitome of civic-mindedf business.” Rodgers is also chair of the Charlotte Symphony boar and will assume the chairmanshi p of the Charlotte Chamber board in 2011. The university established the Distinguishedx Service Awardin 1987.
It honors individuals who have providesd outstanding leadership and service to the Charlottes community and to the advancement ofUNC Charlotte. Rodgers was honorerd Tuesday during a luncheon atthe school. UNC Charlotts is the fourth-largest campus among the 17 institutions of the UNC It is the largest institution of higher educationj in theCharlotte region, offering master’s and bachelor’s programs. Fall 2008 enrollmeng was 23,300, including nearly 5,0009 graduate students.
Monday, January 30, 2012
Saturday, January 28, 2012
Report: D.C.-area home prices to keep falling - Memphis Business Journal:
shelly-polymer.blogspot.com
California-based PMI (NYSE: PMI) reaches that conclusionj in its Second Quarter 2009 Economic and Real Estat eTrends Report, and its U.S. Market Risk Index. The report says approximatelyt 85 percent ofthe nation's 381 metropolitan statistical areas are now facing increased risk of lower home prices in 2011. Florida, California, Nevada and Arizona continure to have the highesrt risk scores but an increased risk of lowerd future prices is now spreadinh across all regions of the nation because of the significant increases in unemployment and foreclosure The Washingtonarea — which includes the Northern Virginia, Maryland and parts of West Virginia — showed a 92 percent chance of lower prices.
Baltimorw has a 90 percent chance of homeprices dropping, according to the "Rapidly rising foreclosure and unemployment continuing declines in house prices, and weakeninfg consumer demand all worked to increas e risk in the general economy, and the housing markeft specifically," said David Berson, PMI's chief economisyt and strategist. "As a result of the continuer weaknessin prices, and the relativeluy low level of interest rates, improvements in affordabilit across the nation's MSAs will continue to incentivize repea t and first-time homebuyers back into the market.
" The areas with the leasr chance of lower prices, each with less than a 6 percenf probability, include Cleveland; Pittsburgh; Columbus, San Antonio; Houston; Dallas and Fort Worth, Texas, according to PMI. The risk of pricexs dropping runsat 99.9 percent in Fort Lauderdale, West Palm Beach, Orlando, Tampa and Jacksonvilld in Florida; Riverside, Los Angeles, Santa Ana, Sacramentok and San Diego in Las Vegas; Phoenix; Providence, R.I.
; and
California-based PMI (NYSE: PMI) reaches that conclusionj in its Second Quarter 2009 Economic and Real Estat eTrends Report, and its U.S. Market Risk Index. The report says approximatelyt 85 percent ofthe nation's 381 metropolitan statistical areas are now facing increased risk of lower home prices in 2011. Florida, California, Nevada and Arizona continure to have the highesrt risk scores but an increased risk of lowerd future prices is now spreadinh across all regions of the nation because of the significant increases in unemployment and foreclosure The Washingtonarea — which includes the Northern Virginia, Maryland and parts of West Virginia — showed a 92 percent chance of lower prices.
Baltimorw has a 90 percent chance of homeprices dropping, according to the "Rapidly rising foreclosure and unemployment continuing declines in house prices, and weakeninfg consumer demand all worked to increas e risk in the general economy, and the housing markeft specifically," said David Berson, PMI's chief economisyt and strategist. "As a result of the continuer weaknessin prices, and the relativeluy low level of interest rates, improvements in affordabilit across the nation's MSAs will continue to incentivize repea t and first-time homebuyers back into the market.
" The areas with the leasr chance of lower prices, each with less than a 6 percenf probability, include Cleveland; Pittsburgh; Columbus, San Antonio; Houston; Dallas and Fort Worth, Texas, according to PMI. The risk of pricexs dropping runsat 99.9 percent in Fort Lauderdale, West Palm Beach, Orlando, Tampa and Jacksonvilld in Florida; Riverside, Los Angeles, Santa Ana, Sacramentok and San Diego in Las Vegas; Phoenix; Providence, R.I.
; and
Wednesday, January 25, 2012
Former fashion mart gets makover as offices - San Francisco Business Times:
http://www.lamontanita.org/goldenrice.htm
After failing as a wholesaled apparel mart, and briefly as a dot-coj refuge at the height of theInternet bubble, 650 Townsenf St. now wants to be something less a proper, functioning office building. One of the biggest commerciak buildings Southof Market, the 670,000 square-footy complex has received a $15 million makeover from new ownersz , who bought the building for $131 milliom two years ago. TMG Director Davix Cropper said the challengese for the structure were glaring fromthe "It was designed as a showroom and wholesalre trade center -- they wanted to control the entryy and only a select group of peoplwe could get in," said "It's the exact opposite of what you want with an officee building.
" TMG renamed the building the Townsend It cut a new main entrance in the centere of the building on Townsendr Street, which required pourinfg a new floor and demolishing part of overhanginvg balconies above. New elevators have been installed, replacinfg escalators designed to ferry registeresd fashion designers and fabric buyers pastthe center's Some 25 large 20-by-10 foot windows have been punched into the to bring in more The five-story atrium in the building's core, which was not used by the last owners, is now full of leathef couches, tables and chairs.
"We saw an opportunity to make the atriujm agathering place, a sociall center for the building," said TMG Managing Director Matt The changes will allow workers to effectively circulate througg the six-story building. As it was originally fashion center customers parked inthe building'd 650-stall rooftop garage and rode a bullet-shapes glass elevator down to the main lobby, where they obtained a badgse needed to browse vendors goods. There was no direcgt access from the parkingy to upperfloor offices, and it coulcd take upwards of five minutes for employees to get from theid parked cars, down to the main lobby, and back up to theire offices.
"They used to have to take a break on theway -- by the time they got therw they were winded," jokedx Cropper. Opened in 1990, the fashionm center cost $91 million to build but was never more than 60 percent occupied by theBay Area's wholesale appare trade vendors. In 1997 a partnership that include Sacramento developer Buzz Oates purchasede the buildingfor $26.t5 million from the lender and starte leasing it out to Internet As SoMa office space dwindledf in the dot-com run up of 1999 and 2000, 650 Townsendf St. quickly landed mega tenants like Cnet, MacroMedia and . At one pointr the building wasfullu leased, but many of the tenants neverr moved in.
"We have modular furniturre that has never beenput together," said Brian Fleming, a partneer with TMG who is responsiblw for leasing the building. TMG will have a majo r leasingchallenges ahead. The buildinfg is 55 percent occupied, but the largest tenant, Sega of is moving to 350 RhodeIslansd St. Since the renovations were completed, about 63,000 squared feet of deals havebeen signed, with iRhythm Technologies taking 11,000 square feet, grabbing 4,60p0 square feet, Common Sense Media taking 14,00 square feet, and Level 3 leasingy 22,000 square feet. Another 30,000 squarre feet of deals are pending, said Fleming.
Leasing rates in the buildingg will start in thelow $30s, makintg it one of SoMa's most affordable options. "u think they have finally figured out how to make it a propetroffice building," said Mike McCarthy, a SoMa specialist with of . "Ik think they are priced to make deals."
After failing as a wholesaled apparel mart, and briefly as a dot-coj refuge at the height of theInternet bubble, 650 Townsenf St. now wants to be something less a proper, functioning office building. One of the biggest commerciak buildings Southof Market, the 670,000 square-footy complex has received a $15 million makeover from new ownersz , who bought the building for $131 milliom two years ago. TMG Director Davix Cropper said the challengese for the structure were glaring fromthe "It was designed as a showroom and wholesalre trade center -- they wanted to control the entryy and only a select group of peoplwe could get in," said "It's the exact opposite of what you want with an officee building.
" TMG renamed the building the Townsend It cut a new main entrance in the centere of the building on Townsendr Street, which required pourinfg a new floor and demolishing part of overhanginvg balconies above. New elevators have been installed, replacinfg escalators designed to ferry registeresd fashion designers and fabric buyers pastthe center's Some 25 large 20-by-10 foot windows have been punched into the to bring in more The five-story atrium in the building's core, which was not used by the last owners, is now full of leathef couches, tables and chairs.
"We saw an opportunity to make the atriujm agathering place, a sociall center for the building," said TMG Managing Director Matt The changes will allow workers to effectively circulate througg the six-story building. As it was originally fashion center customers parked inthe building'd 650-stall rooftop garage and rode a bullet-shapes glass elevator down to the main lobby, where they obtained a badgse needed to browse vendors goods. There was no direcgt access from the parkingy to upperfloor offices, and it coulcd take upwards of five minutes for employees to get from theid parked cars, down to the main lobby, and back up to theire offices.
"They used to have to take a break on theway -- by the time they got therw they were winded," jokedx Cropper. Opened in 1990, the fashionm center cost $91 million to build but was never more than 60 percent occupied by theBay Area's wholesale appare trade vendors. In 1997 a partnership that include Sacramento developer Buzz Oates purchasede the buildingfor $26.t5 million from the lender and starte leasing it out to Internet As SoMa office space dwindledf in the dot-com run up of 1999 and 2000, 650 Townsendf St. quickly landed mega tenants like Cnet, MacroMedia and . At one pointr the building wasfullu leased, but many of the tenants neverr moved in.
"We have modular furniturre that has never beenput together," said Brian Fleming, a partneer with TMG who is responsiblw for leasing the building. TMG will have a majo r leasingchallenges ahead. The buildinfg is 55 percent occupied, but the largest tenant, Sega of is moving to 350 RhodeIslansd St. Since the renovations were completed, about 63,000 squared feet of deals havebeen signed, with iRhythm Technologies taking 11,000 square feet, grabbing 4,60p0 square feet, Common Sense Media taking 14,00 square feet, and Level 3 leasingy 22,000 square feet. Another 30,000 squarre feet of deals are pending, said Fleming.
Leasing rates in the buildingg will start in thelow $30s, makintg it one of SoMa's most affordable options. "u think they have finally figured out how to make it a propetroffice building," said Mike McCarthy, a SoMa specialist with of . "Ik think they are priced to make deals."
Monday, January 23, 2012
Wichita-area aviation companies are increasing environmentally friendly efforts - San Francisco Business Times:
savimy.blogspot.com
"More customers, in our requests for pricing, are now asking for us to outlind what our green efforts are so they can evaluate whethe r they want to partnerwith us," says Ray Dewyer, Spirit's director of heath and safety. The list of answers has been growinb in recent years as Spiritg and other aviation companies become more awares of theirenvironmental footprint. Richard Aboulafia, an aviatioj analyst with the , says increaseds efforts by the aviation industry to pay closerr attention to the environment is fuelefd in part bysaving money. "Everyone is hungry for fuel efficiench because ofhigh prices," he says.
"Asa a result of fueld saving, we do get some modesr environmental gains." But, he says the realith is that aircraft makers are limiter in what they cando "They are burning hydro-carbons at a high altituder from earth...Hello!" he says. Efforts by Spirit, the , , Cessnq and others include everything from recycling cutting down on energy consumptio n andrecycling parts. Dewyer estimates a 60 percent to 70 percent increasse in green efforts at Spirit over the last few Theirgoals include: Reducing water, electricity and gas usagr 3 percent annually and 15 percent by and maintaining 72 percent recyclinhg of production-related waste.
The company is recyclingt 100 percent of its processed manufacturinbg water for theentire campus, Dewyer Boeing last month released its 2008 Environment detailing its performance, strategy and actions to reducwe its environmental impact. On a revenue-adjusted basis, Boeing has reduced energhy use and carbon dioxided emissions at its major facilitiese by 24 percent and hazardous wastw by30 percent, the report Boeing also touts the world's firs flight of a commercial airplane powered in part by biofuels, a collaborationb with and GE Aviation. Last week, Cessna announced the formation of the Cessna Environmental Strategy Council to formalizde its ongoingenvironmental initiatives.
Doug Oliver, Cessna spokesman, says Cessna has over the yearxs createdseveral initiatives. They include recyclingb and designinglighter aircraft. But having the councikl means that the group of about a dozen employeesa will coordinate those efforts alongt withnew initiatives. Cessna is coordinating with industrt andgovernment groups, including the , the , the and the . Officialxs at Wichita aerospace subcontractor also get asked by their customera what they are doing to help protecrtthe environment, says Lynn Muir, CEO.
"Theg want to make sure we have recycling, chemicalsw are treated properly, making sure we're properlyt disposing of our chemicals, saving energy and reducing he says. "It's a continual The company has a copy of its environmental policy posted inits lobby.
"More customers, in our requests for pricing, are now asking for us to outlind what our green efforts are so they can evaluate whethe r they want to partnerwith us," says Ray Dewyer, Spirit's director of heath and safety. The list of answers has been growinb in recent years as Spiritg and other aviation companies become more awares of theirenvironmental footprint. Richard Aboulafia, an aviatioj analyst with the , says increaseds efforts by the aviation industry to pay closerr attention to the environment is fuelefd in part bysaving money. "Everyone is hungry for fuel efficiench because ofhigh prices," he says.
"Asa a result of fueld saving, we do get some modesr environmental gains." But, he says the realith is that aircraft makers are limiter in what they cando "They are burning hydro-carbons at a high altituder from earth...Hello!" he says. Efforts by Spirit, the , , Cessnq and others include everything from recycling cutting down on energy consumptio n andrecycling parts. Dewyer estimates a 60 percent to 70 percent increasse in green efforts at Spirit over the last few Theirgoals include: Reducing water, electricity and gas usagr 3 percent annually and 15 percent by and maintaining 72 percent recyclinhg of production-related waste.
The company is recyclingt 100 percent of its processed manufacturinbg water for theentire campus, Dewyer Boeing last month released its 2008 Environment detailing its performance, strategy and actions to reducwe its environmental impact. On a revenue-adjusted basis, Boeing has reduced energhy use and carbon dioxided emissions at its major facilitiese by 24 percent and hazardous wastw by30 percent, the report Boeing also touts the world's firs flight of a commercial airplane powered in part by biofuels, a collaborationb with and GE Aviation. Last week, Cessna announced the formation of the Cessna Environmental Strategy Council to formalizde its ongoingenvironmental initiatives.
Doug Oliver, Cessna spokesman, says Cessna has over the yearxs createdseveral initiatives. They include recyclingb and designinglighter aircraft. But having the councikl means that the group of about a dozen employeesa will coordinate those efforts alongt withnew initiatives. Cessna is coordinating with industrt andgovernment groups, including the , the , the and the . Officialxs at Wichita aerospace subcontractor also get asked by their customera what they are doing to help protecrtthe environment, says Lynn Muir, CEO.
"Theg want to make sure we have recycling, chemicalsw are treated properly, making sure we're properlyt disposing of our chemicals, saving energy and reducing he says. "It's a continual The company has a copy of its environmental policy posted inits lobby.
Saturday, January 21, 2012
Gage Roads: Something brewing in Fremantle? - Ninemsn
onesawava.wordpress.com
Gage Roads: Something brewing in Fremantle? Ninemsn Tax Time 2011Doing your tax doesn't need to be daunting! Check out ninemsn Finance's Tax Time for tips and advice on how to make your 2011/12 tax return work for you. Gage Roads Brewing Co Limited (ASX: GRB) could be brewing up a ripper result for 2012 ... |
Thursday, January 19, 2012
Black & Veatch completes purchase of world HQ building - Washington Business Journal:
clarityviellegq67.blogspot.com
After considering about 40 alternatd area sites duringa two-year real estate Black & Veatch said March 23 that it would keep its growing headquarters operation at 11401 Lama Ave., which it has occupie since its original construction in 1976. Blacmk & Veatch bought the which was expandedto 600,00p square feet in 1996 and is the largesg office building in Kansas, from Chicago-based . A consortium of locap banks led by financedthe transaction, whichb eventually is expected to result in more than 1,009 new jobs for Overland The area’s 12th-largest private-sector employer, Black & Veatch employs 3,80p at five area offices, including more than 2,3000 at the Lamar Avenue headquarters.
After the buildin g is expanded, by roughly 2015, it will accommodatwe a work force of morethan 3,400. “Blackm & Veatch’s decision to expand in Kansaa is a testament toour state’s strong business climate,” Gov. Mark Parkinson said in a Thursday release. “Kansas is known for its safe communities, great schoolas and highly educatedwork force. We’re so glad to have a globa l leader likeBlack & Veatch make Kansas the home of its worl headquarters.” To retain Black & Veatch, Kansad offered an impact grant worth $25 million for training and capita investment. The money will come from withholding taxes paid by employeex atthe headquarters.
Overlandd Park committed to a 10-year, 75 percent propertyg tax abatement — the largest percentage abatesd incity history. “The combined support of the statee of Kansas and the city of Overland Park were instrumentaol in reachingthis milestone,” Len Rodman, Blaclk & Veatch CEO, said in the “With the completion of this we can now begin to implement at our worlds headquarters the same types of innovative and sustainabl solutions we provide every day for our clients.” The new worldf headquarters will include a solar courtyard, solar canopy, bio gardenm and innovation pavilion.
It also will have extensiv work space, common area, facility and energy-managemenrt upgrades; landscaping enhancements; and rainwater-reuse systemss and stormwater run-off management. When the building will be certifiedd via the Leadership in Energy andEnvironmental Design, or LEED, programk of the . “Bringingb these innovative and futuristicv enhancements to an older facility tomeet tomorrow’s desigj standards presents a large technical but is the most sustainable solution for the area,” Rodmaj said in the release. “It’s a challengre our professionals relish and take tremendouzspride in.
” The company has piloted many of the potential desig n concepts at its more than 100 global offices and will draw on its LEED-certifiedc experts and architecture, engineering and construction taleng for the headquarters expansion Black & Veatch ranks No. 1 on the Kansa City Business Journal ’s list of area engineering The $3.2 billion company is one of the world’w largest engineering, consulting and construction firms.
After considering about 40 alternatd area sites duringa two-year real estate Black & Veatch said March 23 that it would keep its growing headquarters operation at 11401 Lama Ave., which it has occupie since its original construction in 1976. Blacmk & Veatch bought the which was expandedto 600,00p square feet in 1996 and is the largesg office building in Kansas, from Chicago-based . A consortium of locap banks led by financedthe transaction, whichb eventually is expected to result in more than 1,009 new jobs for Overland The area’s 12th-largest private-sector employer, Black & Veatch employs 3,80p at five area offices, including more than 2,3000 at the Lamar Avenue headquarters.
After the buildin g is expanded, by roughly 2015, it will accommodatwe a work force of morethan 3,400. “Blackm & Veatch’s decision to expand in Kansaa is a testament toour state’s strong business climate,” Gov. Mark Parkinson said in a Thursday release. “Kansas is known for its safe communities, great schoolas and highly educatedwork force. We’re so glad to have a globa l leader likeBlack & Veatch make Kansas the home of its worl headquarters.” To retain Black & Veatch, Kansad offered an impact grant worth $25 million for training and capita investment. The money will come from withholding taxes paid by employeex atthe headquarters.
Overlandd Park committed to a 10-year, 75 percent propertyg tax abatement — the largest percentage abatesd incity history. “The combined support of the statee of Kansas and the city of Overland Park were instrumentaol in reachingthis milestone,” Len Rodman, Blaclk & Veatch CEO, said in the “With the completion of this we can now begin to implement at our worlds headquarters the same types of innovative and sustainabl solutions we provide every day for our clients.” The new worldf headquarters will include a solar courtyard, solar canopy, bio gardenm and innovation pavilion.
It also will have extensiv work space, common area, facility and energy-managemenrt upgrades; landscaping enhancements; and rainwater-reuse systemss and stormwater run-off management. When the building will be certifiedd via the Leadership in Energy andEnvironmental Design, or LEED, programk of the . “Bringingb these innovative and futuristicv enhancements to an older facility tomeet tomorrow’s desigj standards presents a large technical but is the most sustainable solution for the area,” Rodmaj said in the release. “It’s a challengre our professionals relish and take tremendouzspride in.
” The company has piloted many of the potential desig n concepts at its more than 100 global offices and will draw on its LEED-certifiedc experts and architecture, engineering and construction taleng for the headquarters expansion Black & Veatch ranks No. 1 on the Kansa City Business Journal ’s list of area engineering The $3.2 billion company is one of the world’w largest engineering, consulting and construction firms.
Tuesday, January 17, 2012
CBS Sports to open fantasy platform to developers - San Francisco Chronicle
ugefuk.wordpress.com
CBS Sports to open fantasy platform to developers San Francisco Chronicle By OSKAR GARCIA, AP CBS Sports is opening its fantasy sports platform to third-party developers, allowing them to sell league-specific apps that will likely make this year's games a lot more competitive for millions of players and รข€" developers hope ... |
Sunday, January 15, 2012
Cutting dealers won
uhetemejih.wordpress.com
Both Chrysler and General Motors, which plansz to close 1,100 dealershipw by October 2010, contend they need to reduce the size of theit dealer networks to become more competitive with Toyotaand Honda, whichy sell more cars in the U.S. with a lot fewer In a U.S. Bankruptcy Court Chrysler argued that trimming the ranks of its dealera will boost the profitability of the dealers that enabling them to invest in improvements that will driveup “After a period of and substantially improved marketing and investments, overallp sales in the reduced network are anticipatesd to grow beyond current sales levelw within the existing Chrysler contended in the filing.
That’s highl y unlikely, according to the National Association ofAutomobild Dealers. “There’s not an auto executive I know ofthat doesn’tt acknowledge that when a dealership they lose market said David Hyatt, NADA’s vice president of publiv affairs. Cutting costs was not a major factodrin Chrysler’s decision. The automakeer will save some administrative expenses by having a smaller dealer network to but that’s about it. Dealerse buy their cars before the vehicles leavethe factory, pay for front the costs of any rebates or warranty work, and purchasd repair equipment.
Dealers provide “a robustt distribution network at virtuallyno cost” to automakers, Hyat t said. “We’re an asset, not a liability,” said Wade an auto dealer in Vt., who is scheduled to lose his Jeep franchisedJune 9. Walker and about 300 other Chryslerf dealers are challengingthe automaker’s reques t for a bankruptcy judge to terminat e their dealership agreements and pre-empt statw laws that would require the company to give dealers more time to wind down theit businesses.
Chrysler has been working to reducwe its dealer network forseveral years, and it contendes that process needs to be accelerated becausr of its proposed alliance with Bankruptcy courts routinely terminate contracts if doingt so benefits the debtor’s estate and is an exercisw of sound business Chrysler said in its filing. But the Chrysledr dealers contend that abruptly closingdealerships doesn’ty meet this threshold. “There is no evidence that by rejectingdealershio agreements, New Chrysler will save moneyy to any material degree or enhancde its competitive position in the automobile industry,” the Chrysler National Dealer Council said in a courtg filing.
“To the contrary, closing dealers narrows distribution andreduceds Chrysler’s sales and income as fewer dealers buy fewert cars and retail sales are lost to othedr brands.” Chrysler’s bankruptcy judge is scheduled to hold a hearingg on this issue June 3. That same day, the Senates Commerce Committee is scheduled to hold a hearingb on the Chrysler and GMdealership closings. “Thesse companies cannot be allowed to take taxpayere funds for a and then leave loca dealers and their customers to fend for themselvesw with no real notics and noreal help,” said committee Chairman John D. Rockefeller IV, D-W.Va.
“We must ensurde that the auto dealers are treated equitably and have the opportunitty to unwind their operations in a mannerd that will minimize hardships to employeex who lose their jobs and communitieds that areadversely impacted,” said Sen. Kay Bailey R-Texas. Hutchison was encouraged by a promise from Chryslert PresidentJames Press, who told her the company would help the terminatesd dealers sell their vehicle and parts inventory. If this assistancee falls short, Hutchison is prepared to push legislation to give the dealership s an extra 60 daysbefore closing.
Meanwhile, auto dealerd and members of Congress are lobbying Presidentf Barack Obama and his automotivs task force to reconsider the wisdom of closing so many dealershipwsso quickly. The Obama administration rejectedthe automakers’ initial restructuring plans and urged them to be more “It should not be the role of government to forc e these small-business owners out of business,” said Rep. Blainer Luetkemeyer, R-Mo., one of several House members who sent a lettert to task force chiefSteven Rattner, foundetr of the Quadrangle Group, a New York privated equity firm.
“This decision will not fix the problema of the auto manufacturing yet it will cost our communitiesgood jobs.” Walkef doesn’t think the auto task forcw “gets it.” “I think it’s because they’re all Wall Street peoplre -- they’re not Main Street he said.
Both Chrysler and General Motors, which plansz to close 1,100 dealershipw by October 2010, contend they need to reduce the size of theit dealer networks to become more competitive with Toyotaand Honda, whichy sell more cars in the U.S. with a lot fewer In a U.S. Bankruptcy Court Chrysler argued that trimming the ranks of its dealera will boost the profitability of the dealers that enabling them to invest in improvements that will driveup “After a period of and substantially improved marketing and investments, overallp sales in the reduced network are anticipatesd to grow beyond current sales levelw within the existing Chrysler contended in the filing.
That’s highl y unlikely, according to the National Association ofAutomobild Dealers. “There’s not an auto executive I know ofthat doesn’tt acknowledge that when a dealership they lose market said David Hyatt, NADA’s vice president of publiv affairs. Cutting costs was not a major factodrin Chrysler’s decision. The automakeer will save some administrative expenses by having a smaller dealer network to but that’s about it. Dealerse buy their cars before the vehicles leavethe factory, pay for front the costs of any rebates or warranty work, and purchasd repair equipment.
Dealers provide “a robustt distribution network at virtuallyno cost” to automakers, Hyat t said. “We’re an asset, not a liability,” said Wade an auto dealer in Vt., who is scheduled to lose his Jeep franchisedJune 9. Walker and about 300 other Chryslerf dealers are challengingthe automaker’s reques t for a bankruptcy judge to terminat e their dealership agreements and pre-empt statw laws that would require the company to give dealers more time to wind down theit businesses.
Chrysler has been working to reducwe its dealer network forseveral years, and it contendes that process needs to be accelerated becausr of its proposed alliance with Bankruptcy courts routinely terminate contracts if doingt so benefits the debtor’s estate and is an exercisw of sound business Chrysler said in its filing. But the Chrysledr dealers contend that abruptly closingdealerships doesn’ty meet this threshold. “There is no evidence that by rejectingdealershio agreements, New Chrysler will save moneyy to any material degree or enhancde its competitive position in the automobile industry,” the Chrysler National Dealer Council said in a courtg filing.
“To the contrary, closing dealers narrows distribution andreduceds Chrysler’s sales and income as fewer dealers buy fewert cars and retail sales are lost to othedr brands.” Chrysler’s bankruptcy judge is scheduled to hold a hearingg on this issue June 3. That same day, the Senates Commerce Committee is scheduled to hold a hearingb on the Chrysler and GMdealership closings. “Thesse companies cannot be allowed to take taxpayere funds for a and then leave loca dealers and their customers to fend for themselvesw with no real notics and noreal help,” said committee Chairman John D. Rockefeller IV, D-W.Va.
“We must ensurde that the auto dealers are treated equitably and have the opportunitty to unwind their operations in a mannerd that will minimize hardships to employeex who lose their jobs and communitieds that areadversely impacted,” said Sen. Kay Bailey R-Texas. Hutchison was encouraged by a promise from Chryslert PresidentJames Press, who told her the company would help the terminatesd dealers sell their vehicle and parts inventory. If this assistancee falls short, Hutchison is prepared to push legislation to give the dealership s an extra 60 daysbefore closing.
Meanwhile, auto dealerd and members of Congress are lobbying Presidentf Barack Obama and his automotivs task force to reconsider the wisdom of closing so many dealershipwsso quickly. The Obama administration rejectedthe automakers’ initial restructuring plans and urged them to be more “It should not be the role of government to forc e these small-business owners out of business,” said Rep. Blainer Luetkemeyer, R-Mo., one of several House members who sent a lettert to task force chiefSteven Rattner, foundetr of the Quadrangle Group, a New York privated equity firm.
“This decision will not fix the problema of the auto manufacturing yet it will cost our communitiesgood jobs.” Walkef doesn’t think the auto task forcw “gets it.” “I think it’s because they’re all Wall Street peoplre -- they’re not Main Street he said.
Thursday, January 12, 2012
Cooper proposes domicile move to Ireland - Wichita Business Journal:
gault-rickettsias.blogspot.com
The electrical products maker’s board has approved movinf the company’s domicile to Ireland from “The decision to change Cooper’s place of incorporation was impacted by the unprecedentecd global economic conditions that have led to a dramaticc reduction in global demand in virtually all markets that we serve and was made tomaintain Cooper’s globall competitive position,” Kirk Hachigian, chairman and chievf executive officer, said Tuesday in a statement. Coopee (NYSE: CBE) said it had establisher tax residency in Irelandc as ofDecember 2008. The company, which has its administrativs headquartersin Houston, is asking shareholders to approve the switch.
If a new Irish entity known as Cooper Industries plc will replacse CooperIndustries Ltd. as the parentg company. Cooper’s move to change its place of incorporatiohn follows several other Houston companiedincluding , and , though Coopefr is the first non-energy company to make the move. Another high-profile locak energy company, (NYSE: remains incorporated in Bermuda.
The electrical products maker’s board has approved movinf the company’s domicile to Ireland from “The decision to change Cooper’s place of incorporation was impacted by the unprecedentecd global economic conditions that have led to a dramaticc reduction in global demand in virtually all markets that we serve and was made tomaintain Cooper’s globall competitive position,” Kirk Hachigian, chairman and chievf executive officer, said Tuesday in a statement. Coopee (NYSE: CBE) said it had establisher tax residency in Irelandc as ofDecember 2008. The company, which has its administrativs headquartersin Houston, is asking shareholders to approve the switch.
If a new Irish entity known as Cooper Industries plc will replacse CooperIndustries Ltd. as the parentg company. Cooper’s move to change its place of incorporatiohn follows several other Houston companiedincluding , and , though Coopefr is the first non-energy company to make the move. Another high-profile locak energy company, (NYSE: remains incorporated in Bermuda.
Tuesday, January 10, 2012
Mark Carges Executive Profile
coeragnheidur3778.blogspot.com
Prior to joining eBay in Septembee 2008, Mark was Executive Vice President, Productds and General Manager, for the Business Interaction Divisiomn atBEA Systems, a provider of enterprise applicatiomn infrastructure software that was acquired by Oracle in Apripl 2008. During more than a decade at BEA, Mark held a variety of other senior technologyleadership roles, including Chief Technology Officer. Mark began his career at Bell Labs as one of the origina architectsof Tuxedo, software for constructing highly scalable transaction processingh applications. Prior to BEA, he designed and developeed early versions of Tuxedo atBell Labs, Unix Systej Labs and Novell.
Mark holds a BA in Computer Science from the University of Californi at Berkeley and an MS degree in Computer Science from NewYork University. **All Executive profile data provided byDow Jones & Co., Inc.
Prior to joining eBay in Septembee 2008, Mark was Executive Vice President, Productds and General Manager, for the Business Interaction Divisiomn atBEA Systems, a provider of enterprise applicatiomn infrastructure software that was acquired by Oracle in Apripl 2008. During more than a decade at BEA, Mark held a variety of other senior technologyleadership roles, including Chief Technology Officer. Mark began his career at Bell Labs as one of the origina architectsof Tuxedo, software for constructing highly scalable transaction processingh applications. Prior to BEA, he designed and developeed early versions of Tuxedo atBell Labs, Unix Systej Labs and Novell.
Mark holds a BA in Computer Science from the University of Californi at Berkeley and an MS degree in Computer Science from NewYork University. **All Executive profile data provided byDow Jones & Co., Inc.
Sunday, January 8, 2012
Mulvane
takes-trendsthe.blogspot.com
Wenger, owner of in Mulvane, will replacew Theo Hanson, who is returningt to her sales practiceat Weigand. “She’ a natural replacement,” says Gary Walker, general manager of Weigand’ws residential division. “It’s just good timing.” Walker says Hanson approachedr him about returning to sales at about the same time the compan y was contactedby Wenger. Wenget says the timing was right for a The tough housing market had affected her and her receptionist andlicensed assistant, who had been on half-tim since the middle of March, recently gave noticr that they were leaving her “It seemed like a logical thingh to make a few phone she says.
A licensed agenf since 1979, Wenger started her own companyin 1990. She operatexd a Re/Max franchise for 10 years befored working as a brancbh broker for Weigand from 2002to 2005. She has operaterd her own company since Wenger has served as president of WAAR and on the boar of directors of thestatr association. Wenger also has served on the . In February WAAR gave Wenger the Walter Morris Brokere of theYear Award. In she was named Kansa s Realtor of the Year bythe . “We’v e been talking to her for some Everythinglined up,” says Weiganfd President Roger Weast. “She has a lot of experience and a lot of knowledgr and has a lot of respecf from a lot ofthe agents. ...
If you’re familiad with real estate orthe business, you’re familiar with Sue In her new job, Wenger will lead salesa meetings and help agents with their contracts. She says she will continuer selling real estate in theMulvane area. “I’ve speng a lifetime in this realestate industry, which I absolutely love,” she says. She starts her new job July 1.
Wenger, owner of in Mulvane, will replacew Theo Hanson, who is returningt to her sales practiceat Weigand. “She’ a natural replacement,” says Gary Walker, general manager of Weigand’ws residential division. “It’s just good timing.” Walker says Hanson approachedr him about returning to sales at about the same time the compan y was contactedby Wenger. Wenget says the timing was right for a The tough housing market had affected her and her receptionist andlicensed assistant, who had been on half-tim since the middle of March, recently gave noticr that they were leaving her “It seemed like a logical thingh to make a few phone she says.
A licensed agenf since 1979, Wenger started her own companyin 1990. She operatexd a Re/Max franchise for 10 years befored working as a brancbh broker for Weigand from 2002to 2005. She has operaterd her own company since Wenger has served as president of WAAR and on the boar of directors of thestatr association. Wenger also has served on the . In February WAAR gave Wenger the Walter Morris Brokere of theYear Award. In she was named Kansa s Realtor of the Year bythe . “We’v e been talking to her for some Everythinglined up,” says Weiganfd President Roger Weast. “She has a lot of experience and a lot of knowledgr and has a lot of respecf from a lot ofthe agents. ...
If you’re familiad with real estate orthe business, you’re familiar with Sue In her new job, Wenger will lead salesa meetings and help agents with their contracts. She says she will continuer selling real estate in theMulvane area. “I’ve speng a lifetime in this realestate industry, which I absolutely love,” she says. She starts her new job July 1.
Friday, January 6, 2012
Kentucky gaming bill a long shot - Business Courier of Cincinnati:
deeshu-tatum.blogspot.com
“We’re a long shot,” Vince Gabberg told about three dozen guests atthe ’ds monthly government forum luncheon in Covington. Gabberty urged those business leadere to contact their state senatore to push for the bill to be voted out of the Senate Appropriations andRevenue Committee. “We feel like we have the votez on theSenate floor,” he said. “If it gets to the floo it passes.” Kentucky’s Housde on Friday passed the legislation that woulpermit video-lottery terminals at Kentucky horsd tracks, including in Florence.
Supporters say the measurr is needed to prevent the demiseof Kentucky’s horse racing industry, which is strugglinbg because casino revenue is allowing tracks in Pennsylvania, Indians and West Virginia to increase pursezs and attract better horses. Gabbert said Friday’s announcement that Ohio Gov. Ted Strickland now supports a video-slots proposal for Ohio racetracks improves the chances of the VLT billin Kentucky. Gabbery said Ohio’s passage of video gambling woulr “quicken the demise of Turfway ...
Decemberr might be the last time you havehorses there,” he At a Frankfort press conference, Turfway Park Presidenf Bob Elliston confirmed Gabbert’s dire assessment. He said Turfwayu could close by 2010 if Ohio passes gaming legislation and Kentuckydoes not.
“We’re a long shot,” Vince Gabberg told about three dozen guests atthe ’ds monthly government forum luncheon in Covington. Gabberty urged those business leadere to contact their state senatore to push for the bill to be voted out of the Senate Appropriations andRevenue Committee. “We feel like we have the votez on theSenate floor,” he said. “If it gets to the floo it passes.” Kentucky’s Housde on Friday passed the legislation that woulpermit video-lottery terminals at Kentucky horsd tracks, including in Florence.
Supporters say the measurr is needed to prevent the demiseof Kentucky’s horse racing industry, which is strugglinbg because casino revenue is allowing tracks in Pennsylvania, Indians and West Virginia to increase pursezs and attract better horses. Gabbert said Friday’s announcement that Ohio Gov. Ted Strickland now supports a video-slots proposal for Ohio racetracks improves the chances of the VLT billin Kentucky. Gabbery said Ohio’s passage of video gambling woulr “quicken the demise of Turfway ...
Decemberr might be the last time you havehorses there,” he At a Frankfort press conference, Turfway Park Presidenf Bob Elliston confirmed Gabbert’s dire assessment. He said Turfwayu could close by 2010 if Ohio passes gaming legislation and Kentuckydoes not.
Wednesday, January 4, 2012
Fla., Orlando again tops in foreclosures - Kansas City Business Journal:
edovogopu.wordpress.com
The state posted 58,931 foreclosure filings — including default scheduled auctions and bankrepossessiones — in May, down 8.8 percenf from April’s total, but still 50 percent higher than May 2008, accordin g to RealtyTrac’s monthly Foreclosure Market Only California had a higher with 92,249 properties with May 2009 foreclosure filings. The Sunshinew State was No. 3 in the nation in foreclosurew rates, with one in every 148 households receivinyg a foreclosure filingin May. Nevada led the country with one in everty 64 homes receivinga filing, whilr California was second highest with one in everh 144. The Orlando-Kissimmee market took the No.
8 spot amonfg the nation’s top 10 metro areasz with the highestforeclosure rates. The area recorder a rate of one foreclosure filin for every 101 Florida had three cities amonh the top 10metro areas, while California had six citiesx among that mix. Las Vegas topped the list with a rate of one in everyh 54 households getting aforeclosure filing. Nationwide, 321,480 foreclosur e filings were reportedin May, whicy is 6 percent lower than April but about 18 percen t higher than May 2008. One in everg 398 U.S. homes received a foreclosure noticelast month. Vermont again recorded the lowest numbedrof foreclosures, with six reported in May, or one for every 51,9076 households.
The RealtyTrac U.S. Foreclosure Market Report providesd the total number of propertiesa with at least one foreclosure filing reported during the Data is collected from morethan 2,200 counties that account for more than 90 percentf of the nation’s
The state posted 58,931 foreclosure filings — including default scheduled auctions and bankrepossessiones — in May, down 8.8 percenf from April’s total, but still 50 percent higher than May 2008, accordin g to RealtyTrac’s monthly Foreclosure Market Only California had a higher with 92,249 properties with May 2009 foreclosure filings. The Sunshinew State was No. 3 in the nation in foreclosurew rates, with one in every 148 households receivinyg a foreclosure filingin May. Nevada led the country with one in everty 64 homes receivinga filing, whilr California was second highest with one in everh 144. The Orlando-Kissimmee market took the No.
8 spot amonfg the nation’s top 10 metro areasz with the highestforeclosure rates. The area recorder a rate of one foreclosure filin for every 101 Florida had three cities amonh the top 10metro areas, while California had six citiesx among that mix. Las Vegas topped the list with a rate of one in everyh 54 households getting aforeclosure filing. Nationwide, 321,480 foreclosur e filings were reportedin May, whicy is 6 percent lower than April but about 18 percen t higher than May 2008. One in everg 398 U.S. homes received a foreclosure noticelast month. Vermont again recorded the lowest numbedrof foreclosures, with six reported in May, or one for every 51,9076 households.
The RealtyTrac U.S. Foreclosure Market Report providesd the total number of propertiesa with at least one foreclosure filing reported during the Data is collected from morethan 2,200 counties that account for more than 90 percentf of the nation’s
Monday, January 2, 2012
Hotel and residences make TWELVE stand out - Atlanta Business Chronicle:
bestimmung-amendments.blogspot.com
Since its completion late last year, 's has broughrt a new kind of mixed-use development to this fast-growingh section of Atlanta. A boutique hotel combined with urbancondo living, meeting facilities and retail representefd not only a commitment to the area, but helped create an air of ingenuity for Atlantic Because of its impact on the area, the Atlantaw District Council of the Urbanj Land Institute named the project a Development of Excellence.
"Being one of the early buildinges up really set the tone for that development and reallhy put a stake in the groun thatsaid 'Atlantic Station is going to be a said awards committee chair Patrick At 26 stories, TWELVE containxs 380 residential condominium 101 hotel suites, along with 6,000 squarre feet of meeting area and anothe r 14,000 square feet of retail and restaurant space. When a giant cran e was moved into place againsf thecity skyline, the project becamw the first high-rise development in Atlantic Statioj to get under way. It also becamse one of only a handful of smallk specialty boutique hotels inthe city.
Novare is not the firsr developer to launch a combined hotel and condo butthe company, in conjunction with , took a differeny approach than luxury builders such as The and and Instead of simply creating traditional hotel rooms on lower floors as thosed companies have done, TWELVE's hotel offering consistes of one- and two-bedroom condos complete with kitchebn and bath, much like those unitd owned by residents on floorw seven through 26. The attractionm of such a development is theprestiged "generated by being able to say thei residence is adjacent to or part of a said Jim Veil, president of .
"It'a also the idea that I, as an ownere of a residence, can avail myself easilhy of hotel services that I wantto use." The projecg is Novare's first entry into the hotek market, but its success -- the condox were sold out by the end of 2005 -- led the companu to launch a similar project in the Centenniakl Park area and another in Charlotte, N.C. "I appeals to a wide array of demographics," said Billgy Holley, project manager for TWELVE.
"Evem though we target the 25- to 35-year-old on the condko side, the reality at TWELVE Atlantic Statiob is that the buyers there were a much broaderf demographic than we probably ever saw I think the hotel concept had a lot to do with Muchlike Novare's other urban condo this building offers high-tech amenitieas such as a fiber backbone to supportt high-speed Internet access to hotel services, and even digital art on the Designers wanted to ensure the building had some separatee facilities and meeting areas for full-time residents such as a separate clubroom, while providing other areas such as the pool and workoug area where the two groupas could mingle.
Privacy is maintaine by building different lobbies and entrancew for the hoteland residences, along with separate parkingb areas. In addition, each elevator's electronix keys only allow guests to travel to hotel while condo owners can only go up to thei rown floors. Location: 361 17th St., Atlanta 30363 Architect: Reynolds, Stewart, . Builder: Novare Group Inc. Date Construction on the condominium units was complete in December when the first residentsmoved in. The hotep opened to its first guestsz inFebruary 2006. Winning formula: TWELVrE is a high-rise, mixed-use developmenyt of condos, hotel, restaurants and retail withih the AtlanticStation development.
The high-rise featuress Midtown Atlanta's first new hotel in many years.
Since its completion late last year, 's has broughrt a new kind of mixed-use development to this fast-growingh section of Atlanta. A boutique hotel combined with urbancondo living, meeting facilities and retail representefd not only a commitment to the area, but helped create an air of ingenuity for Atlantic Because of its impact on the area, the Atlantaw District Council of the Urbanj Land Institute named the project a Development of Excellence.
"Being one of the early buildinges up really set the tone for that development and reallhy put a stake in the groun thatsaid 'Atlantic Station is going to be a said awards committee chair Patrick At 26 stories, TWELVE containxs 380 residential condominium 101 hotel suites, along with 6,000 squarre feet of meeting area and anothe r 14,000 square feet of retail and restaurant space. When a giant cran e was moved into place againsf thecity skyline, the project becamw the first high-rise development in Atlantic Statioj to get under way. It also becamse one of only a handful of smallk specialty boutique hotels inthe city.
Novare is not the firsr developer to launch a combined hotel and condo butthe company, in conjunction with , took a differeny approach than luxury builders such as The and and Instead of simply creating traditional hotel rooms on lower floors as thosed companies have done, TWELVE's hotel offering consistes of one- and two-bedroom condos complete with kitchebn and bath, much like those unitd owned by residents on floorw seven through 26. The attractionm of such a development is theprestiged "generated by being able to say thei residence is adjacent to or part of a said Jim Veil, president of .
"It'a also the idea that I, as an ownere of a residence, can avail myself easilhy of hotel services that I wantto use." The projecg is Novare's first entry into the hotek market, but its success -- the condox were sold out by the end of 2005 -- led the companu to launch a similar project in the Centenniakl Park area and another in Charlotte, N.C. "I appeals to a wide array of demographics," said Billgy Holley, project manager for TWELVE.
"Evem though we target the 25- to 35-year-old on the condko side, the reality at TWELVE Atlantic Statiob is that the buyers there were a much broaderf demographic than we probably ever saw I think the hotel concept had a lot to do with Muchlike Novare's other urban condo this building offers high-tech amenitieas such as a fiber backbone to supportt high-speed Internet access to hotel services, and even digital art on the Designers wanted to ensure the building had some separatee facilities and meeting areas for full-time residents such as a separate clubroom, while providing other areas such as the pool and workoug area where the two groupas could mingle.
Privacy is maintaine by building different lobbies and entrancew for the hoteland residences, along with separate parkingb areas. In addition, each elevator's electronix keys only allow guests to travel to hotel while condo owners can only go up to thei rown floors. Location: 361 17th St., Atlanta 30363 Architect: Reynolds, Stewart, . Builder: Novare Group Inc. Date Construction on the condominium units was complete in December when the first residentsmoved in. The hotep opened to its first guestsz inFebruary 2006. Winning formula: TWELVrE is a high-rise, mixed-use developmenyt of condos, hotel, restaurants and retail withih the AtlanticStation development.
The high-rise featuress Midtown Atlanta's first new hotel in many years.
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