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“Our challenge is to make sure we stay over the warm oceahand don’t hit land,” Conrad The analogy holds as the third-party leasing and management a office, has picked up a number of high-profile assignmentsx this year. Commercial Alliance Management has started handlinbg new leasingfor ’s East Memphis which includes Parkway Forum I, II, III and Renaissancr Center. The company already does similarf dutiesfor Parkway’s Downtown properties such as the Falls Building, Morgajn Keegan Tower and Toyota Center. The East Memphis and Downtowb properties consistof 1.19 million squarw feet of total office space.
“I t will in no doubt have a positive impact on our EastMemphix portfolio,” Connie Kjellin, regional property manager at LLC, says. “W e have been performing well out Eastat 93% but in this market we decidede a more concerted effort on new leasinyg was needed. Kemp and his team will go the extrwa mile to ensure we see deal and that is what we needright now.” In Commercial Alliance also took over leasing at Union a 162,066-square-foot office propertty at 1331 Union near Methodist. The building is 47.9% occupied with 40,000 square feet of contiguoue space available.
Farther east, it now handlesx leasing and managementat ’s Lakecresy III, a 131,528-square-foot office building at 6060 Primacy Parkwahy and the 775 Ridgelake officde building, a 110,729 -square-foot property. “Thag was a big win for us becausee on theoffice side, there aren’t as many full-servics opportunities as there used to says Conrad, also a senior vice president at tenant advisory firm LLC. Commercial Alliancer also picked up leasing and management at OneCommerce Square, after the 475,082-square-fooyt Downtown office building went into foreclosure.
On the industriall side, Commercial Alliance has recently picked up leasiny responsibilities at the former Reebok buildinv at 3965Pilot Drive, which is 336,080 squarre feet, and the Caterpillar Buildinvg at 5000 Raines, whicu is 1.1 million square feet. This goes with the company’sd leasing and management responsibilitiesat ’s 789,291-square-footy Summit Distribution Center, Building II and leasing at 5.5 millionh square feet of , Inc.’s Memphids portfolio. “We didn’t reallt have any standard distribution so those were reallynice pick-ups because they gave us some Classe B portfolio which doesn’t conflict with our Class A portfolio,” Conra says.
“What we’d really like to do next is get some producgt inNorth Mississippi, because we don’t have any Commercial Alliance brokers Mark Jenkinsx and Phil Dagastino handle the company’sw industrial leasing, while Conner Walker and Dagastino handlew the new East Memphiw office leasing. Bentley Pembroke handles leasin at LenoxOffice Park, 1669 Kirby and Parkway’s Downtowhn portfolio. “That’s to make sure we managw conflict appropriately, because Lenox obviously competes with propertieslike That’s why we didn’t have one broker representing multipl e properties,” Conrad says.
This latest growth has led the compan y to grow from 13 employees in 2008 to 22 employeeathis year. “It’s also reallhy gratifying, in an economy like this, to be able to offefr people jobs and acareer path,” Conrad
Friday, March 30, 2012
Wednesday, March 28, 2012
NACA to add more than 1,000 jobs in Charlotte - Business First of Columbus:
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The hiring will begin immediately, with the national nonprofir hosting a job fair Friday and NACA focuses on lendingto low- and moderate-income Gov. Bev Perdue announcecd the expansion Thursday, with the state giving NACA a $1 millionb grant from the One NorthCarolina Fund. It planws to invest more than $4 millionn here, with 1,014 jobs expected to be adderd over the nextfive “North Carolina remains a strong presence in the U.S. finance and this is a tremendoues opportunity forthe Charlotte-area,” Perdue said. “Ouf top-rated business climate and skilled financial-services work force are attractive to growinghnational operations.
” NACA is headquarterefd in Boston and operates more than 40 officexs nationwide. It currently employs about 100 workersx in Mecklenburg County to originate and process mortgage Underthe five-year state incentive agreement, the organization plansw to add 550 jobs immediately. The jobs will pay an averag e annual wageof $35,982. Salaries will ranged up to $80,000 annually. The hiring will focuzs on mortgage negotiators, customer-service representatives, call-center managerzs and mortgage counselors.
“NACq is excited that it’s putting more than 1,00 people to work during these tough economic NACA Chief Executive Bruce Markssaid “Today’s announcement is more than just a soun bite — we are followiny through on this investmenf by holding a jobs fair tomorroww to hire 550 people immediately.” Perdue said Thursday that she consulted with former Bank of Americza Corp. Chairman Hugh McColl Jr. abou t the deal. McColl has been a longtime supportedrof NACA’s work. BofA began a partnership with NACAunderr McColl’s watch in 1995 and in 2004 committed $6 billio n to its lending program.
Perdue says McCollp confirmed to her that he expected NACA could followa through on its job commitmentw in severalphone conversations. “When someonse begins something like thisin Charlotte, it always grows,” McColol said in an interview Thursday. “They’lk come in and find this is a good placse tofind (a work force). I would hope it woulcd be an eruptionof jobs, not just tricklde down.” The group claims it will be the largest number of peoplde hired immediately in one area and the largest job commitmenyt in the country since the mortgage crisis began in 2007. The hiring comes as NACA embarka on a nationwide Save theDream Tour.
Marks says the addedd jobs are crucial as NACA leads its campaign to makemortgagesz affordable. Hundreds of NACA staff will provide long-ter m solutions for homeowners with anunaffordable mortgage. “Charlotte continuez to be attractive becausr of ourknowledgeable financial-services work force and we welcome NACA’se investment in North N.C. Sen. Dan Clodfelter (D-Mecklenburg) said in a NACA’s Counseling Center is in the Charlotter East office park off Albemarle Road between Central Avenue and FarmPond Lane.
“Charlottse continues to be recognized as a leader in financial servicexs with a talented and experiencedlabor force,” says Charlotte Chambedr Chairman Tim Belk. “We are pleased to welcome NACA to the communithy and look forward to the investment in jobs and presencde they will bring to our East The chamber assisted NACA in itsexpansion effort. Charlottee East owner Roger Kellogg, principalk of , and leasing directotr Eric Speckman have worked closely with NACA since when the nonprofit established a smal l office in the NACA has legally binding agreements with all themajor lenders/servicers to restructuree the mortgages they service.
The NACA agreement s cover more than 90 percent of homeownerds with an unaffordable The staff from the Counseling Center in Charlottde will travel nationwide to work on Save the Dreajm events where morethan 25,000 people are counseled over four with thousands receiving affordable restructured mortgagesw with permanent interest rates often at 4 percent, 3 percent and 2 percenrt and where necessary the principalp reduced. The organization, started in 1988, has the primar goal of building strong, healthy neighborhoodzs nationwide throughaffordable homeownership.
NACA operationas include financial counseling, specialized mortgage services and a Home Save programk for homeowners with anunaffordabled mortgage. NACA will host a job fair from8 a.m. to 8 p.m. Fridah and Saturday at its Charlotte Counseling For more information about Neighborhood Assistance Corporation of includingemployment opportunities, go to www.naca.com.
The hiring will begin immediately, with the national nonprofir hosting a job fair Friday and NACA focuses on lendingto low- and moderate-income Gov. Bev Perdue announcecd the expansion Thursday, with the state giving NACA a $1 millionb grant from the One NorthCarolina Fund. It planws to invest more than $4 millionn here, with 1,014 jobs expected to be adderd over the nextfive “North Carolina remains a strong presence in the U.S. finance and this is a tremendoues opportunity forthe Charlotte-area,” Perdue said. “Ouf top-rated business climate and skilled financial-services work force are attractive to growinghnational operations.
” NACA is headquarterefd in Boston and operates more than 40 officexs nationwide. It currently employs about 100 workersx in Mecklenburg County to originate and process mortgage Underthe five-year state incentive agreement, the organization plansw to add 550 jobs immediately. The jobs will pay an averag e annual wageof $35,982. Salaries will ranged up to $80,000 annually. The hiring will focuzs on mortgage negotiators, customer-service representatives, call-center managerzs and mortgage counselors.
“NACq is excited that it’s putting more than 1,00 people to work during these tough economic NACA Chief Executive Bruce Markssaid “Today’s announcement is more than just a soun bite — we are followiny through on this investmenf by holding a jobs fair tomorroww to hire 550 people immediately.” Perdue said Thursday that she consulted with former Bank of Americza Corp. Chairman Hugh McColl Jr. abou t the deal. McColl has been a longtime supportedrof NACA’s work. BofA began a partnership with NACAunderr McColl’s watch in 1995 and in 2004 committed $6 billio n to its lending program.
Perdue says McCollp confirmed to her that he expected NACA could followa through on its job commitmentw in severalphone conversations. “When someonse begins something like thisin Charlotte, it always grows,” McColol said in an interview Thursday. “They’lk come in and find this is a good placse tofind (a work force). I would hope it woulcd be an eruptionof jobs, not just tricklde down.” The group claims it will be the largest number of peoplde hired immediately in one area and the largest job commitmenyt in the country since the mortgage crisis began in 2007. The hiring comes as NACA embarka on a nationwide Save theDream Tour.
Marks says the addedd jobs are crucial as NACA leads its campaign to makemortgagesz affordable. Hundreds of NACA staff will provide long-ter m solutions for homeowners with anunaffordable mortgage. “Charlotte continuez to be attractive becausr of ourknowledgeable financial-services work force and we welcome NACA’se investment in North N.C. Sen. Dan Clodfelter (D-Mecklenburg) said in a NACA’s Counseling Center is in the Charlotter East office park off Albemarle Road between Central Avenue and FarmPond Lane.
“Charlottse continues to be recognized as a leader in financial servicexs with a talented and experiencedlabor force,” says Charlotte Chambedr Chairman Tim Belk. “We are pleased to welcome NACA to the communithy and look forward to the investment in jobs and presencde they will bring to our East The chamber assisted NACA in itsexpansion effort. Charlottee East owner Roger Kellogg, principalk of , and leasing directotr Eric Speckman have worked closely with NACA since when the nonprofit established a smal l office in the NACA has legally binding agreements with all themajor lenders/servicers to restructuree the mortgages they service.
The NACA agreement s cover more than 90 percent of homeownerds with an unaffordable The staff from the Counseling Center in Charlottde will travel nationwide to work on Save the Dreajm events where morethan 25,000 people are counseled over four with thousands receiving affordable restructured mortgagesw with permanent interest rates often at 4 percent, 3 percent and 2 percenrt and where necessary the principalp reduced. The organization, started in 1988, has the primar goal of building strong, healthy neighborhoodzs nationwide throughaffordable homeownership.
NACA operationas include financial counseling, specialized mortgage services and a Home Save programk for homeowners with anunaffordabled mortgage. NACA will host a job fair from8 a.m. to 8 p.m. Fridah and Saturday at its Charlotte Counseling For more information about Neighborhood Assistance Corporation of includingemployment opportunities, go to www.naca.com.
Monday, March 26, 2012
Medtronic
savimy.blogspot.com
million to competitor for damageds related to a patent infringement verdicy from a federalCircuiy Court. The court reviewed a Decembe r2007 verdict, which claimed that Medtronic MDT) had infringed on DePuy’s patent of a line of multiaxia screws used in spina l surgery. The court affirmed a $149. million award for lost profits. But the couryt reversed previous sanctions, which dropped $77.2 million in outrightt damagesand $10.5 million in fees and other costs. The Vertex line of screwds is no longer onthe market.
Memphis-based Medtroni c Spinal and Biologics business president Steve La Neve said therulinyg “has no bearing on our currenft Vertex Select and OC Systems,” which are othere spinal systems. The case will now be remande to a trial court for calculation of thereduceed judgment, which will include amounts both for post-judgmenf and pre-judgment interest on the Based outside of Minneapolis, Medtronic is the world’s largest medicaol device company. Its spinao and biologics business units are based in Memphis wheres itemploys 1,550.
million to competitor for damageds related to a patent infringement verdicy from a federalCircuiy Court. The court reviewed a Decembe r2007 verdict, which claimed that Medtronic MDT) had infringed on DePuy’s patent of a line of multiaxia screws used in spina l surgery. The court affirmed a $149. million award for lost profits. But the couryt reversed previous sanctions, which dropped $77.2 million in outrightt damagesand $10.5 million in fees and other costs. The Vertex line of screwds is no longer onthe market.
Memphis-based Medtroni c Spinal and Biologics business president Steve La Neve said therulinyg “has no bearing on our currenft Vertex Select and OC Systems,” which are othere spinal systems. The case will now be remande to a trial court for calculation of thereduceed judgment, which will include amounts both for post-judgmenf and pre-judgment interest on the Based outside of Minneapolis, Medtronic is the world’s largest medicaol device company. Its spinao and biologics business units are based in Memphis wheres itemploys 1,550.
Saturday, March 24, 2012
Ada 'Shelly' Olson - Brookings March 5, 1917 – March 20, 2012 - Brookings Register
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Ada 'Shelly' Olson - Brookings March 5, 1917 â€" March 20, 2012 Brookings Register Ada "Shelly" Olson, 95, formerly of Montevideo, Minn., died on Tuesday, March 20, 2012, at Brookview Manor Nursing Home in Brookings. Funeral services are at 1:30 pm Friday at the United Methodist Church in Montevideo with the Rev. |
Thursday, March 22, 2012
Menswear store Harleys moving to Lakewood Building - Jacksonville Business Journal:
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Owner Tim Ryan had said late in 2008 that he was planniny to remodel and cut 50 percent ofthe store’s flooe space at 4009 N. Oakland Ave. Ryan announced Tuesday the store will relocate toa 4,100-square-foof space in the Lakewood 3575 N. Oakland in September. Ryan, who owns Harleys with his Janet, said he wanted to stay in “This is our home and we are deeplhy committed tothe community,” he Ryan said one of the advantages of the new site is off-stree parking. The Lakewood Building, a mixed-use residential/commercial propertg constructedin 1962, is undergoing a $1.
2 million The building is owned by Garrett Harleys has contracted with architec t Stephen Bollingbroke of Development Collaborative Limited in Mequom to do an interior buildout. The village of Shorewood provided financiap incentives to both the building owner and Harleys to improve the facade and interior space of theLakewood
Owner Tim Ryan had said late in 2008 that he was planniny to remodel and cut 50 percent ofthe store’s flooe space at 4009 N. Oakland Ave. Ryan announced Tuesday the store will relocate toa 4,100-square-foof space in the Lakewood 3575 N. Oakland in September. Ryan, who owns Harleys with his Janet, said he wanted to stay in “This is our home and we are deeplhy committed tothe community,” he Ryan said one of the advantages of the new site is off-stree parking. The Lakewood Building, a mixed-use residential/commercial propertg constructedin 1962, is undergoing a $1.
2 million The building is owned by Garrett Harleys has contracted with architec t Stephen Bollingbroke of Development Collaborative Limited in Mequom to do an interior buildout. The village of Shorewood provided financiap incentives to both the building owner and Harleys to improve the facade and interior space of theLakewood
Tuesday, March 20, 2012
Cape Coast MP interacts with BECE candidates - GhanaWeb
aleshnikovenil.blogspot.com
Cape Coast MP interacts with BECE candidates GhanaWeb The Member of Parliament for Cape Coast, Mr Ebo Barton Oduro, has visited some Junior High Schools (JHS) to interact with the final year students and offer them support in their impending examination. The visit was also to see how the weekend classes ... |
Thursday, March 15, 2012
Disney banks on success of big summer blockbusters - Pacific Business News (Honolulu):
azajir.wordpress.com
Even with a slow economy expected toaffect Disney’s theme parks this summer, thingd are looking up for its share-pricre performance. After moving up with the market from theMarchh lows, Disney’s shares went from the and a multiyear, low of $15 per sharde to settle in at about $20 per share on May 1. Then on May 6, when the compan announced better-than-expected earnings for the quarter — 43 centsa per share compared with expectations of 40 cents pershare Disney’s shares jumped in pre-market tradingt from $23 to $25, finally settling for the day at $26 per up 13 percent. That same day, two brokeragd companies upgradedthe shares.
Barclays Capital went from “underweight” to and Wunderlich lifted the sharesfrom “sell” to Jim Cramer at CNBC attributer the move to short sellers (those who bet on the having to cover their positions due to the good earning s report, which is referred to as a “short squeeze.” Now, accordingh to Bob O’Brien at Barron’s, Credity Suisse is talking up Disney’s box-officw prospects this summer, after a slow staryt for 2009. “Bedtime Stories” and “Confessionz of a Shopoholic” saw relatively poor box officd receipts compared tolast year’s early titlea that included “Enchanted.
” Crediy Suisse is banking on the third installment of “Toyy Story” and ’s animated 3-D movie “Up.” The new “Toty Story” should revitalize DVD sales of the first two in the series. And with scheduled for releaseMay 29, it expecte the initial weekend to take in $55
Even with a slow economy expected toaffect Disney’s theme parks this summer, thingd are looking up for its share-pricre performance. After moving up with the market from theMarchh lows, Disney’s shares went from the and a multiyear, low of $15 per sharde to settle in at about $20 per share on May 1. Then on May 6, when the compan announced better-than-expected earnings for the quarter — 43 centsa per share compared with expectations of 40 cents pershare Disney’s shares jumped in pre-market tradingt from $23 to $25, finally settling for the day at $26 per up 13 percent. That same day, two brokeragd companies upgradedthe shares.
Barclays Capital went from “underweight” to and Wunderlich lifted the sharesfrom “sell” to Jim Cramer at CNBC attributer the move to short sellers (those who bet on the having to cover their positions due to the good earning s report, which is referred to as a “short squeeze.” Now, accordingh to Bob O’Brien at Barron’s, Credity Suisse is talking up Disney’s box-officw prospects this summer, after a slow staryt for 2009. “Bedtime Stories” and “Confessionz of a Shopoholic” saw relatively poor box officd receipts compared tolast year’s early titlea that included “Enchanted.
” Crediy Suisse is banking on the third installment of “Toyy Story” and ’s animated 3-D movie “Up.” The new “Toty Story” should revitalize DVD sales of the first two in the series. And with scheduled for releaseMay 29, it expecte the initial weekend to take in $55
Tuesday, March 13, 2012
Buying and leasing office space offer different advantages - bizjournals:
tenamup.wordpress.com
Buying a property represents amuch longer-ter financial commitment than leasingt and, as such, required a realistic assessment by the potential purchaser of the company’e future prospects. Companies anticipating significanrt growth need to decide whetherr to purchase property that is large enough to accommodate growth and whether they can leas unused spaceuntil it’s needed. The potential rentalo income that leasing unused space could generate should be taken into Space is less of an issu e when leasing anoffice since, if it becomews too small the companyt has the option of not renewingt its lease.
That flexibility also can be useful if marker changes show that a move to a different locationn wouldbe advantageous. On the other hand, renters can be faced with unwelcomes disruption should the landlord decide to terminate the Purchasing requires more cash up front than The initial outlay when purchasing includesd a substantial down payment as well as the cost of inspectionsand loan-related fees and other closing costs.
The upsidde is that, in contrast with a firm that leases space, the purchasedr will own an asset that can be sold hopefully at a According to online office space referralo and information networkOfficeFinder LLC, business owners purchasing officer space can expect to make a down payment betweejn 10 percent and 25 percent of the purchased price. By comparison, the up front cost involvec in leasing a spacwe usually is limited to just acouple months’ rent. Another factor potentia l buyers should consider is the effect of the down payment on workingy capital available to financsethe company’s growth.
A number of other issues should factotr into the buying or leasing suchas taxes, maintenance costs and potential interesrt and rental rate changes. Renters, for example, usuallyh don’t have to worry about regular maintenance costs, which are normally the responsibilityt of the property owner. should they wish to make significanyt alterations to theleased space, they can do so only with the landlord’sz consent. Property owners, on the other are free to make whatevee changesthey wish.
Purchasers also have the advantag of knowing in advance what their future monthlyg loan paymentswill be, especially when they have a fixed-rate Tenants, on the othet hand, are likely to face regular increasea in rental rates and need to budget accordingly. Leasing initiallyy may look like thecheaper option, said Tim Hatlestad, presidenrt of the Certified Commerciak Investment Member Institute, but to help reach a decision, business owners should carrt out an after-tax analysis to determine what can be writteb off, as renting and buyint offer different benefits. “If everything else were then you have to look at the optionsaftedr taxes,” Hatlestad said.
“The after-tax analysis, through a numberd of measures, will tell you what costs Property owners, for example, are eligibl for deductions of property mortgage interestand depreciation, while those who leasr office space usually can deduct the full amount of the rent as a businessz expense. Jim Osgood, CEO of OfficeFinder, said the stage a busines s is in can be an important factorf in determining whether to buyor lease. A more establishes business should consider buyinvoffice space, he said, since anticipated growth is easiee to predict accurately.
A startup, on the other hand, would probablg be better to lease an as it would provids greater flexibility and fewer constraintdsto growth. “I don’t know if it’s a good idea for a startup to purchase real estatebecause there’s a lot of uncertaint about whether the business will be trulhy successful or not,” Osgood said. Osgood said businessz owners should look at three possiblescenarios — realistic and pessimistic — that pit anticipated property appreciation agains cost factors to help them reach a decision.
Buying a property represents amuch longer-ter financial commitment than leasingt and, as such, required a realistic assessment by the potential purchaser of the company’e future prospects. Companies anticipating significanrt growth need to decide whetherr to purchase property that is large enough to accommodate growth and whether they can leas unused spaceuntil it’s needed. The potential rentalo income that leasing unused space could generate should be taken into Space is less of an issu e when leasing anoffice since, if it becomews too small the companyt has the option of not renewingt its lease.
That flexibility also can be useful if marker changes show that a move to a different locationn wouldbe advantageous. On the other hand, renters can be faced with unwelcomes disruption should the landlord decide to terminate the Purchasing requires more cash up front than The initial outlay when purchasing includesd a substantial down payment as well as the cost of inspectionsand loan-related fees and other closing costs.
The upsidde is that, in contrast with a firm that leases space, the purchasedr will own an asset that can be sold hopefully at a According to online office space referralo and information networkOfficeFinder LLC, business owners purchasing officer space can expect to make a down payment betweejn 10 percent and 25 percent of the purchased price. By comparison, the up front cost involvec in leasing a spacwe usually is limited to just acouple months’ rent. Another factor potentia l buyers should consider is the effect of the down payment on workingy capital available to financsethe company’s growth.
A number of other issues should factotr into the buying or leasing suchas taxes, maintenance costs and potential interesrt and rental rate changes. Renters, for example, usuallyh don’t have to worry about regular maintenance costs, which are normally the responsibilityt of the property owner. should they wish to make significanyt alterations to theleased space, they can do so only with the landlord’sz consent. Property owners, on the other are free to make whatevee changesthey wish.
Purchasers also have the advantag of knowing in advance what their future monthlyg loan paymentswill be, especially when they have a fixed-rate Tenants, on the othet hand, are likely to face regular increasea in rental rates and need to budget accordingly. Leasing initiallyy may look like thecheaper option, said Tim Hatlestad, presidenrt of the Certified Commerciak Investment Member Institute, but to help reach a decision, business owners should carrt out an after-tax analysis to determine what can be writteb off, as renting and buyint offer different benefits. “If everything else were then you have to look at the optionsaftedr taxes,” Hatlestad said.
“The after-tax analysis, through a numberd of measures, will tell you what costs Property owners, for example, are eligibl for deductions of property mortgage interestand depreciation, while those who leasr office space usually can deduct the full amount of the rent as a businessz expense. Jim Osgood, CEO of OfficeFinder, said the stage a busines s is in can be an important factorf in determining whether to buyor lease. A more establishes business should consider buyinvoffice space, he said, since anticipated growth is easiee to predict accurately.
A startup, on the other hand, would probablg be better to lease an as it would provids greater flexibility and fewer constraintdsto growth. “I don’t know if it’s a good idea for a startup to purchase real estatebecause there’s a lot of uncertaint about whether the business will be trulhy successful or not,” Osgood said. Osgood said businessz owners should look at three possiblescenarios — realistic and pessimistic — that pit anticipated property appreciation agains cost factors to help them reach a decision.
Sunday, March 11, 2012
Swift named Billboard's big money maker - ABC Online
vypybiza.wordpress.com
Billboard | Swift named Billboard's big money maker ABC Online The Love Story singer pocketed more cash from her album sales and world tour in 2011 than Irish rockers U2, country music veteran Kenny Chesney, pop star Lady Gaga, and rapper Lil Wayne, who rounded out the top five on Billboard's annual list of 40 of ... Top earner Taylor Swif t |
Friday, March 9, 2012
Wednesday, March 7, 2012
BofA tower buyers win hand with no-Trump bid - South Florida Business Journal:
erofeyporgrinin.blogspot.com
Several publications last week reportedhe had. "That's not correct at all. He hasn't purchased it. It's only the Hong Kong said a spokeswoman forthe . , a groul of Hong Kong investors which includes Vincent Lo and Henry announced last week they had entered into a contractf to acquirethe 1.8 million square foot property for $1.05 billiohn or $583 a squarde foot. Sellers 555 , which is headee by New York investors Mark Karasico andDavid Werner, turned a $171 millioh profit on the property.
They purchased the three building complex, whichu consists of a 52-story tower at 555 Californiaa Street, a 16-story annexd building at 315 Montgomery Street anda three-stor y Bank of America branchb at 345 Montgomery Street, last year for $879 New owners Hudson Waterfron Associates intend to apply the proceedsz from a recent sale of a Manhattan propertyy toward the purchase of the B of A The practice, known as a 1031 exchange, enables real estater investors to avoid paying taxes on profits from a property by reinvestinhg the proceeds back into similar And that, most likely, is where the confusion over Trump's involvement arose.
The Hong Kong grou sold a 77-ace plot at Riverside South on Manhattan's West Side for $1.7y6 billion. Trump, who has no equityt in the property, but maintains a 30 percent interest that entitles him to certain sued the Hong Kong saying they soldtoo low. A New York Statwe Supreme Court judge ruled against Trump earlietthis month, clearing the way for Hudsohn Waterfront Associates to roll the sale proceed into the BofA At $583 a square the sale represents a record high for commercial office sales in the city. American Assets, Inc. paid $496 a squarer foot in April for The Landmark at One MarkeytStreet -- then an all-tim high for office sales in the city.
Shorenstein Realty Services, whichh owned the BofA complex for more than a decade beforr selling it in two phasesz to Karasickand Werner, will continue as the property's leasinfg agent and property manager.
Several publications last week reportedhe had. "That's not correct at all. He hasn't purchased it. It's only the Hong Kong said a spokeswoman forthe . , a groul of Hong Kong investors which includes Vincent Lo and Henry announced last week they had entered into a contractf to acquirethe 1.8 million square foot property for $1.05 billiohn or $583 a squarde foot. Sellers 555 , which is headee by New York investors Mark Karasico andDavid Werner, turned a $171 millioh profit on the property.
They purchased the three building complex, whichu consists of a 52-story tower at 555 Californiaa Street, a 16-story annexd building at 315 Montgomery Street anda three-stor y Bank of America branchb at 345 Montgomery Street, last year for $879 New owners Hudson Waterfron Associates intend to apply the proceedsz from a recent sale of a Manhattan propertyy toward the purchase of the B of A The practice, known as a 1031 exchange, enables real estater investors to avoid paying taxes on profits from a property by reinvestinhg the proceeds back into similar And that, most likely, is where the confusion over Trump's involvement arose.
The Hong Kong grou sold a 77-ace plot at Riverside South on Manhattan's West Side for $1.7y6 billion. Trump, who has no equityt in the property, but maintains a 30 percent interest that entitles him to certain sued the Hong Kong saying they soldtoo low. A New York Statwe Supreme Court judge ruled against Trump earlietthis month, clearing the way for Hudsohn Waterfront Associates to roll the sale proceed into the BofA At $583 a square the sale represents a record high for commercial office sales in the city. American Assets, Inc. paid $496 a squarer foot in April for The Landmark at One MarkeytStreet -- then an all-tim high for office sales in the city.
Shorenstein Realty Services, whichh owned the BofA complex for more than a decade beforr selling it in two phasesz to Karasickand Werner, will continue as the property's leasinfg agent and property manager.
Monday, March 5, 2012
Duke, Lowe
gonyzyf.wordpress.com
It is the first such programm Duke has offered in the The40 percent-off couponzs are available to the utility’s customers at . Customers can prin t four of the coupons after entering thei account numbers andother information. The couponas can be used for purchases of compact fluorescent bulbsat Lowe’s stores in the utility’s servics area through Aug. 11. Compact fluorescent bulbs are 75 percen more efficient than standard bulbs and last five tosevenm years, according to EnergyStar, a government program that promotew energy efficiency.
“By initiating this collaboration, we hope to help our Nort Carolina and South Carolina customerssave money, reduces their energy consumption and have a positive impact on the says Brett Carter, president of . Duke Energy Carolinas is a divisioof Charlotte-based (NYSE:DUK). Lowe’s is a home-improvement retailer based in Mooresville.
It is the first such programm Duke has offered in the The40 percent-off couponzs are available to the utility’s customers at . Customers can prin t four of the coupons after entering thei account numbers andother information. The couponas can be used for purchases of compact fluorescent bulbsat Lowe’s stores in the utility’s servics area through Aug. 11. Compact fluorescent bulbs are 75 percen more efficient than standard bulbs and last five tosevenm years, according to EnergyStar, a government program that promotew energy efficiency.
“By initiating this collaboration, we hope to help our Nort Carolina and South Carolina customerssave money, reduces their energy consumption and have a positive impact on the says Brett Carter, president of . Duke Energy Carolinas is a divisioof Charlotte-based (NYSE:DUK). Lowe’s is a home-improvement retailer based in Mooresville.
Saturday, March 3, 2012
Cincinnati revamps retirement benefits - Business Courier of Cincinnati:
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billion within five years. The vote came as a councilo majority suddenly coalesced aroun a series of reforms first introducesd last fall bythe city’e Task Force for Retirement Security. Reformd related to health care changee were subsequently modified to provide additionapl protectionfor low-income retirees. The reformzs are projected to reducethe system’s unfundeed liability by $137 million and reduce by $22 million the amount the city would be requirecd to contribute annually to erase the retirement system’a long-term liability.
Most of the reform measures passed witheight votes, with Councilmen Cecikl Thomas and Chris Monze voting against the motion reducing health benefits. That motion’sz passage means former city employees who retired before September 2007 will be shifted out ofthe city’s traditionall indemnity plan and into a modifief PPO plan that covers 90 percent of all costs. Council member Roxanns Qualls said a recent projection that the city facesa $40 millionj budget deficit next year, combineds with a Retirement System request that the city contribute $125 million to the plan in 2010 servef as a “wake up call” for members of council.
“Peoplwe realized that the time for delaywas over,” she Councilwoman Leslie Ghiz criticized council’ s Democratic majority for voting on the reforms withou letting retirees know in advance. “I feel they have a righty to be heardon this,” Ghiz said before voting in favorf of the reforms. “I just don’t think it’s a fair way to do Thomas said he voted againsyt the health care changes because it violates a promise the city made to itsformef employees.
Monzel said the changes didn’t go far He’d like the city to transfer its pension liabilitied to the Ohio Publicv Employees Retirement System or give city employees the option of fundinfg their own IndividualRetirement Accounts. “What we’re doinhg today is only cutting arounthe edges,” Monzel said. “It’s not going to solve the Councilman Jeff Berding submitted a motioj to reconvenethe city’s retirement task force to seek additionapl solutions to the Retirement System’ shortfalls.
Qualls said the list of reformz should include changing the composition of the pension boarxd to include more financial Qualls and Councilman Chris Bortz both opined that the currenft board has been more concerned with preservinh benefits than protecting the financial integrity ofthe
billion within five years. The vote came as a councilo majority suddenly coalesced aroun a series of reforms first introducesd last fall bythe city’e Task Force for Retirement Security. Reformd related to health care changee were subsequently modified to provide additionapl protectionfor low-income retirees. The reformzs are projected to reducethe system’s unfundeed liability by $137 million and reduce by $22 million the amount the city would be requirecd to contribute annually to erase the retirement system’a long-term liability.
Most of the reform measures passed witheight votes, with Councilmen Cecikl Thomas and Chris Monze voting against the motion reducing health benefits. That motion’sz passage means former city employees who retired before September 2007 will be shifted out ofthe city’s traditionall indemnity plan and into a modifief PPO plan that covers 90 percent of all costs. Council member Roxanns Qualls said a recent projection that the city facesa $40 millionj budget deficit next year, combineds with a Retirement System request that the city contribute $125 million to the plan in 2010 servef as a “wake up call” for members of council.
“Peoplwe realized that the time for delaywas over,” she Councilwoman Leslie Ghiz criticized council’ s Democratic majority for voting on the reforms withou letting retirees know in advance. “I feel they have a righty to be heardon this,” Ghiz said before voting in favorf of the reforms. “I just don’t think it’s a fair way to do Thomas said he voted againsyt the health care changes because it violates a promise the city made to itsformef employees.
Monzel said the changes didn’t go far He’d like the city to transfer its pension liabilitied to the Ohio Publicv Employees Retirement System or give city employees the option of fundinfg their own IndividualRetirement Accounts. “What we’re doinhg today is only cutting arounthe edges,” Monzel said. “It’s not going to solve the Councilman Jeff Berding submitted a motioj to reconvenethe city’s retirement task force to seek additionapl solutions to the Retirement System’ shortfalls.
Qualls said the list of reformz should include changing the composition of the pension boarxd to include more financial Qualls and Councilman Chris Bortz both opined that the currenft board has been more concerned with preservinh benefits than protecting the financial integrity ofthe
Thursday, March 1, 2012
City Auto ranked No. 1 online used auto dealer - Memphis Business Journal:
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It is the fourthj consecutive year City Auto has been at the top of the AutoDealerd ranking. Its 2008 pre-owned volume was 3,018 almost twice that of its next competitor onthe Texascarsdirect.com Ltd., which sold 1,781 City Auto also ranked No. 4 on Auto Dealetr Monthly’s ranking of the 2009 Top 100 Interneg Retailers. Dave Smith Motors of Idaho, was again No. 1, selling 4,520 new vehiclesa and 1,377 used. City Auto was one of only six dealerxs of the 100 to only sell used No other dealers in Tennessee appeared oneither list.
City Auto had forecasy a 5 percent decrease in sales for said general mangerStan Norton, but througjh the first five months, sales are 12 percent ahead In 2008, City Auto renovaterd its location at 4932 Elmore Road off Covingtojn Pike, which included a 3,000-square-foogt expansion of the main showroomk building, giving it a total of 10,000 square feet of
It is the fourthj consecutive year City Auto has been at the top of the AutoDealerd ranking. Its 2008 pre-owned volume was 3,018 almost twice that of its next competitor onthe Texascarsdirect.com Ltd., which sold 1,781 City Auto also ranked No. 4 on Auto Dealetr Monthly’s ranking of the 2009 Top 100 Interneg Retailers. Dave Smith Motors of Idaho, was again No. 1, selling 4,520 new vehiclesa and 1,377 used. City Auto was one of only six dealerxs of the 100 to only sell used No other dealers in Tennessee appeared oneither list.
City Auto had forecasy a 5 percent decrease in sales for said general mangerStan Norton, but througjh the first five months, sales are 12 percent ahead In 2008, City Auto renovaterd its location at 4932 Elmore Road off Covingtojn Pike, which included a 3,000-square-foogt expansion of the main showroomk building, giving it a total of 10,000 square feet of
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