Review: Ernie's offers burgers and basics worth a drive Reno Gazette Journal Cheeseburgers at Ernie's All American Burger can be built with Texas toast or sesame buns, lettuce and tomato, and sliced or grilled onions. A cheeseburger combo with fries and a large drink is $4.99. / Andy Barron/RGJ Nothing fancified, foodie-ized or ... |
Saturday, April 30, 2011
Review: Ernie's offers burgers and basics worth a drive - Reno Gazette Journal
tasypaju.wordpress.com
Thursday, April 28, 2011
SeaPort launches Arkansas service - New Mexico Business Weekly:
goldenayreyg1666.blogspot.com
The airline has landed a federal air servics contract to serve four Arkansas communities from a hubin Tenn. SeaPort will receive slightly morethan $6 milliob over two years. SeaPorty will serve leisure and business travelerss through threedaily round-trip flights weekdayzs and three round-trip flightsa weekends to Jonesboro, El Dorado, and Hot Springs. The flights begin this fall. SeaPort won the contract over severalothedr airlines. The agreement is SeaPort’s firstf expansion outside thePacific Northwest. It now fliex to and from Portland, Seattle, Pendleton, Astoria and The Arkansas contract is similar to recent venture s SeaPort hasentered into.
In October, SeaPorgt landed a two-year contract in which it will bepaid $3.2 milliom in federal subsidies over two years to providee three daily flights between Portland and The contract — which can be renewerd once — is part of the ’s “essential air program aimed at keeping commercial airlinees at small airports. This winter, SeaPort was awardee a two-year contract to offer threew flights a day to Astoria and two a day to SeaPort fliesa small, propeller-driveb aircraft — the nine-seat Pilatus PC-12. The privatelgy held company doesn’t disclose revenue.
The airline has landed a federal air servics contract to serve four Arkansas communities from a hubin Tenn. SeaPort will receive slightly morethan $6 milliob over two years. SeaPorty will serve leisure and business travelerss through threedaily round-trip flights weekdayzs and three round-trip flightsa weekends to Jonesboro, El Dorado, and Hot Springs. The flights begin this fall. SeaPort won the contract over severalothedr airlines. The agreement is SeaPort’s firstf expansion outside thePacific Northwest. It now fliex to and from Portland, Seattle, Pendleton, Astoria and The Arkansas contract is similar to recent venture s SeaPort hasentered into.
In October, SeaPorgt landed a two-year contract in which it will bepaid $3.2 milliom in federal subsidies over two years to providee three daily flights between Portland and The contract — which can be renewerd once — is part of the ’s “essential air program aimed at keeping commercial airlinees at small airports. This winter, SeaPort was awardee a two-year contract to offer threew flights a day to Astoria and two a day to SeaPort fliesa small, propeller-driveb aircraft — the nine-seat Pilatus PC-12. The privatelgy held company doesn’t disclose revenue.
Monday, April 25, 2011
Mortgage rates reach 6-month high - Atlanta Business Chronicle:
guronelogoh.blogspot.com
says 30-year mortgages averaged 5.59 percent, up from 5.29 percent last The last time long-term mortgage rates were this high was inNovembefr 2008. Adjustable rate mortgages also rose, with the averaged one year ARM now above 5 percentat 5.04 “Mortgage rates followed the increase in bond yieldxs this week,” says Freddie Mac (NYSE: FRE) chief economisg Frank Nothaft, who notes a better-than-expected unemployment report movecd yields higher. “As a result, federal fundw futures rose after the signaling that the market expectz the Federal Reserve may raise its benchmark rate sooner ratherthan later.
” A report from the this week showe d rising mortgage rates are slowing the demand for mortgage refinancing. Mortgage applications last weekfell 7.2 percent, led by a 12 percenty decline in refinancing. Refinancing existing mortgagesd still makes up about 60 percent of the mortgag eunderwriting business.
says 30-year mortgages averaged 5.59 percent, up from 5.29 percent last The last time long-term mortgage rates were this high was inNovembefr 2008. Adjustable rate mortgages also rose, with the averaged one year ARM now above 5 percentat 5.04 “Mortgage rates followed the increase in bond yieldxs this week,” says Freddie Mac (NYSE: FRE) chief economisg Frank Nothaft, who notes a better-than-expected unemployment report movecd yields higher. “As a result, federal fundw futures rose after the signaling that the market expectz the Federal Reserve may raise its benchmark rate sooner ratherthan later.
” A report from the this week showe d rising mortgage rates are slowing the demand for mortgage refinancing. Mortgage applications last weekfell 7.2 percent, led by a 12 percenty decline in refinancing. Refinancing existing mortgagesd still makes up about 60 percent of the mortgag eunderwriting business.
Saturday, April 23, 2011
Out-of-pocket costs rising for health insurance - Washington Business Journal:
stony-coating.blogspot.com
The study, authored by researchers from the Nationak Opinion Research Center and Watson Wyatt Worldwide and fundedf by TheCommonwealth Fund, examines trends in employer-sponsores insurance from 2004 to 2007. It found risinv rates of underinsuranceand unaffordability, particularly for poore and sicker people. In 2007, adults with employer coverage facedx an averageof $729 annually in out-of-pocket costs for medicaol services, including deductibles and other forms of cost sharinyg such as copayments and coinsurance.
That representss a 34 percent increasefrom 2004, when the average out-of-pocket burden was Health plans covered a slightly smaller percentage of overalpl expenses in 2007 than 2004, but growth in overalo health spending was the chiec culprit behind rising out-of-pocket costs, accordintg to the study. “The yearss from 2004 through 2007 were a period ofeconomix expansion, yet rising health care costs still eroded the value of employer-sponsored coverage,” said lead author Jon “Historically, employees have been asked to shoulder even more of the cost-sharin g burden during difficult economiv times such as the Uniteds States is now experiencing.
Hence, it is imperativd that health care reform include constraints onhealtjh spending, or else healty insurance will become unaffordable for low- and middle-income and reform itself will be
The study, authored by researchers from the Nationak Opinion Research Center and Watson Wyatt Worldwide and fundedf by TheCommonwealth Fund, examines trends in employer-sponsores insurance from 2004 to 2007. It found risinv rates of underinsuranceand unaffordability, particularly for poore and sicker people. In 2007, adults with employer coverage facedx an averageof $729 annually in out-of-pocket costs for medicaol services, including deductibles and other forms of cost sharinyg such as copayments and coinsurance.
That representss a 34 percent increasefrom 2004, when the average out-of-pocket burden was Health plans covered a slightly smaller percentage of overalpl expenses in 2007 than 2004, but growth in overalo health spending was the chiec culprit behind rising out-of-pocket costs, accordintg to the study. “The yearss from 2004 through 2007 were a period ofeconomix expansion, yet rising health care costs still eroded the value of employer-sponsored coverage,” said lead author Jon “Historically, employees have been asked to shoulder even more of the cost-sharin g burden during difficult economiv times such as the Uniteds States is now experiencing.
Hence, it is imperativd that health care reform include constraints onhealtjh spending, or else healty insurance will become unaffordable for low- and middle-income and reform itself will be
Thursday, April 21, 2011
Seventeenth Street Plaza sold to HRPT - Orlando Business Journal:
ovaluleq.wordpress.com
Newton, Mass.-based HRPT (NYSE: HRP), a real estate investmentf trust that owns and operates office and industrial paid cash forthe building. The salezs price was not announced. Seventeenth Street Plaza is located at 122517th St., acroses from the Tabor Center office, retail and hotek complex. It was developed by what’ws now Jones Lang LaSalle Inc. of Chicago, and was completedd in 1982. Previous owners include Equitable Real Estat e InvestmentManagement Inc. (ERE), part of the Equitabls insurance company. Australian real estatew giant LendLease Corp. Ltd. took over the buildinfg in the 1990s after itacquired ERE.
JPMorga quietly put the building on the markett inearly 2008, asking $385 per squaree foot, or roughly $250 million, brokers Brookfield Properties Corp. of New York and Toronto had the buildinbg under contract to purchase last summerfor $225 but the deal was not consummatede because of the debt impact on Brookfield’s lender, said real estate brokers knowledgeablwe about the deal. As of October, the buildinbg was off the market. The building, with an attached parkingh structure, is 93 percen leased and includes Ink! Coffee and Heidi’s Brooklyn Deli It is home to the headquarterd of Molson CoorsBrewing Co.
Newton, Mass.-based HRPT (NYSE: HRP), a real estate investmentf trust that owns and operates office and industrial paid cash forthe building. The salezs price was not announced. Seventeenth Street Plaza is located at 122517th St., acroses from the Tabor Center office, retail and hotek complex. It was developed by what’ws now Jones Lang LaSalle Inc. of Chicago, and was completedd in 1982. Previous owners include Equitable Real Estat e InvestmentManagement Inc. (ERE), part of the Equitabls insurance company. Australian real estatew giant LendLease Corp. Ltd. took over the buildinfg in the 1990s after itacquired ERE.
JPMorga quietly put the building on the markett inearly 2008, asking $385 per squaree foot, or roughly $250 million, brokers Brookfield Properties Corp. of New York and Toronto had the buildinbg under contract to purchase last summerfor $225 but the deal was not consummatede because of the debt impact on Brookfield’s lender, said real estate brokers knowledgeablwe about the deal. As of October, the buildinbg was off the market. The building, with an attached parkingh structure, is 93 percen leased and includes Ink! Coffee and Heidi’s Brooklyn Deli It is home to the headquarterd of Molson CoorsBrewing Co.
Monday, April 18, 2011
Understanding nutritional labels on food - Toronto Sun
bhutan-warwick.blogspot.com
Understanding nutritional labels on food Toronto Sun Perhaps it doesn't matter, because Health Canada is now advising consumers to think more simply: Instead of trying to make a whole lot of sense of the % DV, use it to see if the amount of food shown on the label has a little or a lot of a nutrient. ... |
Saturday, April 16, 2011
Houston-area home prices reach seven-month high - Houston Business Journal:
uhalugupuzyma.blogspot.com
April sales of single family homesd in Houstontotaled 4,200, down 22.5 percentr from April 2008, according to statistic s released by the . Month-end pending sales totalede 3,685 — 25.3 percenty lower than last year — suggesting the likelihoos of a decline in sales when the May numberszare tallied. At $194,222, the average sale price of a single-family home dropped 5.8 percent from Aprikl 2008, when it was $206,239. However, the figurd is at its highest level sincelast September. The median price of a single-family home in Apri l was $149,050, unchanged from one year earlier.
The nationapl single-family median price reported by theis $175,200, illustratinyg the continued lower cost of livintg in the Houston market. Meanwhile, demand for single-family rentalds increased againin April, demonstrating that rentala remain a viable option for buyers who may not yet be qualified or comfortable making a home purchas in this economy. Vicki Fullerton, HAR chairwomann and broker of recordat RE/MAd of The Woodlands and Spring, said the housing industryt recovery will be a gradual but that Houston continues to demonstrate the strength of its home valueas compared to other communities aroun d the country where pricing ballooned and then bottome out.
She noted that many HAR member s are reporting growing activityamong first-timse home buyers who are taking advantags of historically low interest rates and the federal government’s $8,00 tax credit.
April sales of single family homesd in Houstontotaled 4,200, down 22.5 percentr from April 2008, according to statistic s released by the . Month-end pending sales totalede 3,685 — 25.3 percenty lower than last year — suggesting the likelihoos of a decline in sales when the May numberszare tallied. At $194,222, the average sale price of a single-family home dropped 5.8 percent from Aprikl 2008, when it was $206,239. However, the figurd is at its highest level sincelast September. The median price of a single-family home in Apri l was $149,050, unchanged from one year earlier.
The nationapl single-family median price reported by theis $175,200, illustratinyg the continued lower cost of livintg in the Houston market. Meanwhile, demand for single-family rentalds increased againin April, demonstrating that rentala remain a viable option for buyers who may not yet be qualified or comfortable making a home purchas in this economy. Vicki Fullerton, HAR chairwomann and broker of recordat RE/MAd of The Woodlands and Spring, said the housing industryt recovery will be a gradual but that Houston continues to demonstrate the strength of its home valueas compared to other communities aroun d the country where pricing ballooned and then bottome out.
She noted that many HAR member s are reporting growing activityamong first-timse home buyers who are taking advantags of historically low interest rates and the federal government’s $8,00 tax credit.
Thursday, April 14, 2011
EU calls Yemen government and all parties to engage immediately in ... - YemenOnline
http://sfappeal.com/cgi-bin/mt/mt-cp.cgi?__mode=view&blog_id=3&id=2703
YemenOnline | EU calls Yemen government and all parties to engage immediately in ... YemenOnline The EU Council repeats its call on the government of Yemen and all parties to engage immediately in constructive, comprehensive and inclusive dialogue with the opposition parties ! and the youth. The EU stands ready to support this process. ... |
Tuesday, April 12, 2011
Hard-Stops for Drug Interactions - Archives of Internal Medicine
http://roofing-ideas.webs.com/main.htm
Hard-Stops for Drug Interactions Archives of Internal Medicine However, it failed to address an important variable that often alters the risk of an adverse outcome resulting from a drug interaction. In the study, the intervention group received a hard-stop computer alert when a patient was prescribed the 2 drugs, ... |
Sunday, April 10, 2011
Underhill Associates is leading a fund to target apartment bargains - Business First of Louisville:
idellecromwell1991.blogspot.com
The Pluris partners have preliminary planzs to buy threemore properties, Colin Underhill He declined to give citing negotiations with the sellers. Brian CEO of NTS, said his firm has had with Pluris partners concerning theFloridas properties. But he declined to comment, noting that NTS is a publicl traded company and cannotdiscuss forward-lookint information. The Pluris fund is limited to accredited investorz as defined under Securities and Exchange Commission saidBill Strench, a corporate attorney and memberr at Frost Brown Todd LLC’s Louisville officwe who represents the fund.
The SEC definess accredited investors as individualx or couples with net worthexceeding $1 million, or investorxs who have earned at least $200,000p for two years, and who have “reasonabled expectation” of maintaining that leveol of annual income. Todd who is Underhill Associates’ co-chairman with his Jeff Underhill, acknowledged that the economy stillpcould worsen, with unemployment leadin g to increasing vacancies. But he adde d that he has never seen any perioe that offered discountson multi-family properties. He also citefd National Apartment Association data that projects demand for apartments rising as homeownershil declines.
Home ownership in the United States peaked at abouft 69 percentin 2005, roughly seven percentage points above the historix average of about 62 percent since such recorxd keeping began in 1965, accordint to data from the . Underhill said he expectxs the ownership rate to return tohistoricd norms, meaning more Americans will seek rentall units. The real estate crasnh increasingly is attracting the attention of investorsd lookingfor bargains, said Matt CEO and managing partner of , a Louisville-basexd investment and consulting firm.
Saltzman said he has had discussions with locao investor groups with real estate experiencwe that are trying to raise money topursue multi-unirt apartment buildings. “I think therde are a lot of opportunities in terms of these typesof properties,” Saltzman A group with good managers who can accuratel y appraise variables such as cash flow and buildintg condition “and make certain there are no hiddenh liabilities” has a reasonable chance of he said.
“It’s an interestin g play — a smart play — if you’ve done your if you have proven peopleon site,” Saltzmahn said of the Pluris But Saltzman added that there are multiplde variables, including the health of Orlando’s economy, and complicationxs such as rising unemployment, which could lead to rent “The question is, who’s nimble enough to buy it and are they really buying at the bottom of the
The Pluris partners have preliminary planzs to buy threemore properties, Colin Underhill He declined to give citing negotiations with the sellers. Brian CEO of NTS, said his firm has had with Pluris partners concerning theFloridas properties. But he declined to comment, noting that NTS is a publicl traded company and cannotdiscuss forward-lookint information. The Pluris fund is limited to accredited investorz as defined under Securities and Exchange Commission saidBill Strench, a corporate attorney and memberr at Frost Brown Todd LLC’s Louisville officwe who represents the fund.
The SEC definess accredited investors as individualx or couples with net worthexceeding $1 million, or investorxs who have earned at least $200,000p for two years, and who have “reasonabled expectation” of maintaining that leveol of annual income. Todd who is Underhill Associates’ co-chairman with his Jeff Underhill, acknowledged that the economy stillpcould worsen, with unemployment leadin g to increasing vacancies. But he adde d that he has never seen any perioe that offered discountson multi-family properties. He also citefd National Apartment Association data that projects demand for apartments rising as homeownershil declines.
Home ownership in the United States peaked at abouft 69 percentin 2005, roughly seven percentage points above the historix average of about 62 percent since such recorxd keeping began in 1965, accordint to data from the . Underhill said he expectxs the ownership rate to return tohistoricd norms, meaning more Americans will seek rentall units. The real estate crasnh increasingly is attracting the attention of investorsd lookingfor bargains, said Matt CEO and managing partner of , a Louisville-basexd investment and consulting firm.
Saltzman said he has had discussions with locao investor groups with real estate experiencwe that are trying to raise money topursue multi-unirt apartment buildings. “I think therde are a lot of opportunities in terms of these typesof properties,” Saltzman A group with good managers who can accuratel y appraise variables such as cash flow and buildintg condition “and make certain there are no hiddenh liabilities” has a reasonable chance of he said.
“It’s an interestin g play — a smart play — if you’ve done your if you have proven peopleon site,” Saltzmahn said of the Pluris But Saltzman added that there are multiplde variables, including the health of Orlando’s economy, and complicationxs such as rising unemployment, which could lead to rent “The question is, who’s nimble enough to buy it and are they really buying at the bottom of the
Friday, April 8, 2011
Home prices gyrate across Raleigh-Durham ZIP codes - Triangle Business Journal:
http://www.annuaire-bourgogne.info/user_detail.php?u=suecaurseby
And what may keep the home prices from escalating rapidly is the rising fear thatthe nation’se home appraisal system is broken. Citinfg a need for stricter regulation, lenderx already want appraisers to be cautiouse whenvaluing homes. And just like the pendulun shifts from one sideto another, expectg appraisers to take a conservative approachn when coming to slapping a value on “The appraisal industry shares the blame for the mortgagd meltdown,” says Stacey Anfindsen, who runs in “The industry already has to adhers to new rules that are bein forced on us.
There will be no more direct contac t between the appraiser andthe originator/processor that ordered the appraisal. We now have to deal with some appraisa l management company who now tobe paid.” But thers are signs of hope that couldr get Triangle home sales and home pricews going north. Bank estimates suggest that the numbefr of homes held under foreclosure by banks is During thefirst quarter, banks held off on foreclosing due to pressur from the government. That mode has changed in the past coupledof months, as banks are beginning to clear their books by foreclosing on properties and gettingb rid of them privateluy or through the open market.
Communit banks generally are holdere of anequity line, not the originao loan, says Jim Beck, president of Raleigh’x . “ But I must say most of the exposur for the community banks has been with And there may be moreto come.” On May 26, the Federalk Housing Finance Agency came out with a report that may further calm the fears of area According to the FHFA the Raleigh-Cary market is the 51st strongest in the nation, based on the annual change in home prices. FHFA calculatecd the price change after analyzing purchase andrefinances data. In FHFA’s same list, the Durham-Chapel Hill metrpo ranked 45th among 294metro areas.
And what may keep the home prices from escalating rapidly is the rising fear thatthe nation’se home appraisal system is broken. Citinfg a need for stricter regulation, lenderx already want appraisers to be cautiouse whenvaluing homes. And just like the pendulun shifts from one sideto another, expectg appraisers to take a conservative approachn when coming to slapping a value on “The appraisal industry shares the blame for the mortgagd meltdown,” says Stacey Anfindsen, who runs in “The industry already has to adhers to new rules that are bein forced on us.
There will be no more direct contac t between the appraiser andthe originator/processor that ordered the appraisal. We now have to deal with some appraisa l management company who now tobe paid.” But thers are signs of hope that couldr get Triangle home sales and home pricews going north. Bank estimates suggest that the numbefr of homes held under foreclosure by banks is During thefirst quarter, banks held off on foreclosing due to pressur from the government. That mode has changed in the past coupledof months, as banks are beginning to clear their books by foreclosing on properties and gettingb rid of them privateluy or through the open market.
Communit banks generally are holdere of anequity line, not the originao loan, says Jim Beck, president of Raleigh’x . “ But I must say most of the exposur for the community banks has been with And there may be moreto come.” On May 26, the Federalk Housing Finance Agency came out with a report that may further calm the fears of area According to the FHFA the Raleigh-Cary market is the 51st strongest in the nation, based on the annual change in home prices. FHFA calculatecd the price change after analyzing purchase andrefinances data. In FHFA’s same list, the Durham-Chapel Hill metrpo ranked 45th among 294metro areas.
Wednesday, April 6, 2011
Construction leads growth in Top 150 St. Louis Privately Held Companies - St. Louis Business Journal:
http://www.kovai.org/user_detail.php?u=ovetrolve
Business Journal research on the area's largest private companiee found the five that recorded the largest percentage gainsz in revenue are all involved in real estate construction and related building Thosecompanies -- The , , and -- each generated between 56 percent and 81 perceng growth last year for a combined $1.48 billion in totalp revenue. Each firm has a different but most sharesimilar themes. Company executive s attribute their success tolarge projects, diversified client basez and hard-working employees. Most acknowledge they have been benefitinhg recently from jobs and investments whose origins date back a few yeards when credit was easyto access.
while many are enjoying continued prosperittthis year, most are taking a more cautiouss view of the future. With the financiap markets tight and the nationaloeconomy slowing, there is greater risk that upcomingb jobs could be delayed or scaled down. The lag time betweej a project's proposal and its eventual completionn can stretch from monthzto years. That has managers planning aheaxd now for conditions that might not hit home forsome "I think 2008 and 2009 for PayneCrest will be very stronyg years, but I am a little bit concerned about wherde the market will be from 2010 and said David Payne, owner and president. "Normally we woulxd know of some big jobs comin g downthe road.
But beyond 2010, we don'tr see a lot in the pipeline." PayneCresgt surged with 61 percent revenue growth in 2007 thankws to a couple ofmammoth projects. The compan y posted record revenueof $100 million as it completede the electrical and communications wiring of 's new $507 million Lumierr Place casino complex downtown, as well as majofr electrical upgrades at 's two assembly plants in Fenton. Now PayneCresty is preparing to take on the lead electricalk contractor rolefor 's $905 million cementt plant in Ste. Genevieve County. Payne is staffinfg up to handlehis backlog, but also tryingg to anticipate economic conditions a few years out.
"Ws have to accomplish the work we have on the bookss while also looking at the future and trying to determine what that will mean for staffing levels," Payne said. Design-build firm ARCO Construction grew 73 percenyt last year thanks in larged part tothe company's geographic and marketg diversification, according to co-owner and Chief Executivre Jeff Cook. With nine offices nationwide and a larger staff to handle more jobs andbigger projects, ARCO boosted revenue to $402 million. The companhy takes on everything from office buildings and distributionn centersto health-care, retailp and commercial housing projects.
A new $5 millionh Lamborghini dealership in Chesterfield anda $10 millio n industrial building in Eureka for Chrysled supplier are among its recent locakl jobs. But Cook said some of ARCO'd recent growth came from a level of project backlog that mighrt not be replaced at such a vigorous pace in thecoming "Don't expect that growth every year from Cook said. "We're more of a controllefd growth kindof company. We're targeting 10 percengt this year." Close behind ARCO, Ben Hur Construction bumped itsrevenue 71.5 perceny in 2007 under the leadershiop of President and CEO Bill one of the firm'as owners. The company specializes in industrial, power plant and manufacturing jobs.
"The power work has been on thebookx forever, and they are just getting around to it all over the Brown said. "The coal power work is goin nuts with new plantswand retrofits." Ben Hur also builda churches, and Brown said with all the new housinv developed in recent years, it "seems like there's a churcg going up on every corner." "Our nichse markets have been pretty spectacular, and thers is a lot of strength in them througn 2008 and 2009 because many of these jobs have been in the workse for years in advance," Brown said. "We're struggling to find reasonds not tobe optimistic.
We think there is stillp enough strength in the economy right Sachs Electric, whose current projects include wiring 's new $80 millioj Chaifetz Arena, grew its revenue 56 percenty last year. Clayton Scharff, Sachs'' chairman, president and CEO, said the companyt also is working on three new buildingse atEdward Jones' St. Louis headquarters, ' new officse complex at the Universityof Missouri-St. Louis and ongoing improvementsat 's various "Looking at 2008 and early 2009, we're still very strong and beingh presented with several opportunities," said Pat Kriegshauser, Sachs'' chief financial officer.
"Fortunately we are well-diversifie and not dependent onone That's helped us ride out ups and I think it's fair, though, to take a cautioue outlook given the lack of liquidity in the market that coulds limit financing. Projects may be delayed if financing becomes a Len Toenjes, president of the Associatesd General Contractors of St. said power plant, infrastructure, health-car and industrial jobs remain among the hot spots withihn theconstruction industry.
But cold spote include retail andentertainment projects, such as the long-delayer Ballpark Village mixed-use development planned by the and "Those are projects that are more financing and tenant-occupant driven," Toenjess said. "You used to be able to get financinfg if you could get 10 percent to 15 percentoccupancuy pre-sold. Now you may need 50 percent to 60 percentg occupancy toget financing. The bar has moved significantlyy because of what has gone on in the financial Cost inflation of building materials suchas copper, steel and petroleum-basexd plastics is also a he said.
"In 2008 our guys are prettt positive we'll see growth in commercial construction of 5 percentr to7 percent," Toenjese said. "When we get to 2009, people start to wonder what's going to be out there as work on the Holcinm plant and Interstate 64wraps up, as we watch what may or may not happen with the (planned) South Count y casino, and with othet projects on hold. There is some concern." The view aheaxd also is difficult to predicgt for TheMichelson Organization, a real estatde investment and management company, which was the biggesy winner of the bunch in the past year as it grew revenuer nearly 81 percent from abouf $300 million in 2006 to $542 millioj in 2007.
The company, owned by President and Chiegf Executive Bruce Michelson andhis family, operates 41 multifamilty properties in 29 cities in 15 states throughout the Southeast and Southwest. By acquiring three propertiese and sellingtwo others, Michelson'es real estate fund wrapped up the year with better-than-expected investment returns. Bruced Michelson declined to discusshis long-term outlook, but valuation adjustments in the real estate market are undoubtedly on his radar.
Business Journal research on the area's largest private companiee found the five that recorded the largest percentage gainsz in revenue are all involved in real estate construction and related building Thosecompanies -- The , , and -- each generated between 56 percent and 81 perceng growth last year for a combined $1.48 billion in totalp revenue. Each firm has a different but most sharesimilar themes. Company executive s attribute their success tolarge projects, diversified client basez and hard-working employees. Most acknowledge they have been benefitinhg recently from jobs and investments whose origins date back a few yeards when credit was easyto access.
while many are enjoying continued prosperittthis year, most are taking a more cautiouss view of the future. With the financiap markets tight and the nationaloeconomy slowing, there is greater risk that upcomingb jobs could be delayed or scaled down. The lag time betweej a project's proposal and its eventual completionn can stretch from monthzto years. That has managers planning aheaxd now for conditions that might not hit home forsome "I think 2008 and 2009 for PayneCrest will be very stronyg years, but I am a little bit concerned about wherde the market will be from 2010 and said David Payne, owner and president. "Normally we woulxd know of some big jobs comin g downthe road.
But beyond 2010, we don'tr see a lot in the pipeline." PayneCresgt surged with 61 percent revenue growth in 2007 thankws to a couple ofmammoth projects. The compan y posted record revenueof $100 million as it completede the electrical and communications wiring of 's new $507 million Lumierr Place casino complex downtown, as well as majofr electrical upgrades at 's two assembly plants in Fenton. Now PayneCresty is preparing to take on the lead electricalk contractor rolefor 's $905 million cementt plant in Ste. Genevieve County. Payne is staffinfg up to handlehis backlog, but also tryingg to anticipate economic conditions a few years out.
"Ws have to accomplish the work we have on the bookss while also looking at the future and trying to determine what that will mean for staffing levels," Payne said. Design-build firm ARCO Construction grew 73 percenyt last year thanks in larged part tothe company's geographic and marketg diversification, according to co-owner and Chief Executivre Jeff Cook. With nine offices nationwide and a larger staff to handle more jobs andbigger projects, ARCO boosted revenue to $402 million. The companhy takes on everything from office buildings and distributionn centersto health-care, retailp and commercial housing projects.
A new $5 millionh Lamborghini dealership in Chesterfield anda $10 millio n industrial building in Eureka for Chrysled supplier are among its recent locakl jobs. But Cook said some of ARCO'd recent growth came from a level of project backlog that mighrt not be replaced at such a vigorous pace in thecoming "Don't expect that growth every year from Cook said. "We're more of a controllefd growth kindof company. We're targeting 10 percengt this year." Close behind ARCO, Ben Hur Construction bumped itsrevenue 71.5 perceny in 2007 under the leadershiop of President and CEO Bill one of the firm'as owners. The company specializes in industrial, power plant and manufacturing jobs.
"The power work has been on thebookx forever, and they are just getting around to it all over the Brown said. "The coal power work is goin nuts with new plantswand retrofits." Ben Hur also builda churches, and Brown said with all the new housinv developed in recent years, it "seems like there's a churcg going up on every corner." "Our nichse markets have been pretty spectacular, and thers is a lot of strength in them througn 2008 and 2009 because many of these jobs have been in the workse for years in advance," Brown said. "We're struggling to find reasonds not tobe optimistic.
We think there is stillp enough strength in the economy right Sachs Electric, whose current projects include wiring 's new $80 millioj Chaifetz Arena, grew its revenue 56 percenty last year. Clayton Scharff, Sachs'' chairman, president and CEO, said the companyt also is working on three new buildingse atEdward Jones' St. Louis headquarters, ' new officse complex at the Universityof Missouri-St. Louis and ongoing improvementsat 's various "Looking at 2008 and early 2009, we're still very strong and beingh presented with several opportunities," said Pat Kriegshauser, Sachs'' chief financial officer.
"Fortunately we are well-diversifie and not dependent onone That's helped us ride out ups and I think it's fair, though, to take a cautioue outlook given the lack of liquidity in the market that coulds limit financing. Projects may be delayed if financing becomes a Len Toenjes, president of the Associatesd General Contractors of St. said power plant, infrastructure, health-car and industrial jobs remain among the hot spots withihn theconstruction industry.
But cold spote include retail andentertainment projects, such as the long-delayer Ballpark Village mixed-use development planned by the and "Those are projects that are more financing and tenant-occupant driven," Toenjess said. "You used to be able to get financinfg if you could get 10 percent to 15 percentoccupancuy pre-sold. Now you may need 50 percent to 60 percentg occupancy toget financing. The bar has moved significantlyy because of what has gone on in the financial Cost inflation of building materials suchas copper, steel and petroleum-basexd plastics is also a he said.
"In 2008 our guys are prettt positive we'll see growth in commercial construction of 5 percentr to7 percent," Toenjese said. "When we get to 2009, people start to wonder what's going to be out there as work on the Holcinm plant and Interstate 64wraps up, as we watch what may or may not happen with the (planned) South Count y casino, and with othet projects on hold. There is some concern." The view aheaxd also is difficult to predicgt for TheMichelson Organization, a real estatde investment and management company, which was the biggesy winner of the bunch in the past year as it grew revenuer nearly 81 percent from abouf $300 million in 2006 to $542 millioj in 2007.
The company, owned by President and Chiegf Executive Bruce Michelson andhis family, operates 41 multifamilty properties in 29 cities in 15 states throughout the Southeast and Southwest. By acquiring three propertiese and sellingtwo others, Michelson'es real estate fund wrapped up the year with better-than-expected investment returns. Bruced Michelson declined to discusshis long-term outlook, but valuation adjustments in the real estate market are undoubtedly on his radar.
Tuesday, April 5, 2011
Christina Perri talks “action hero†Arms video, wants to be Superman - Beatweek Magazine
http://www.uksheffield.com/user_detail.php?u=messsuehype
Beatweek Magazine | Christina Perri talks “action hero†Arms video, wants to be Superman Beatweek Magazine “I don't know why I think I'm an action hero,†jokes Christina Perri when teasing the upcoming music video for her new single Arms â€" and she says she wants to be Superman. The pop singer, who is set to release her debut album lovestrong ... |
Sunday, April 3, 2011
Argentinos Jnrs cruise past Banfield - ESPN
http://www.infozahrada.cz/user_detail.php?u=MakytynccrarO
ESPN STAR Sports | Argentinos Jnrs cruise past Banfield ESPN Franco Niell scored the opening goal after 31 minutes and substitute Mauro Bogado added the second in the 79th minute as Argentinos Juniors improved their record to three wins and five draws from eight games. Estudiantes, a point better off and with a ... Banfield Vs. Argentinos Juniors: 0-2 Full Time, Visitors Stellar |
Friday, April 1, 2011
Clear Channel Outdoor names new CFO - San Antonio Business Journal:
http://floors.t35.com
Chet Kwasniak’s position is effective June 15. Kwasniakl will oversee all financial reporting and IT activities for CleatrChannel Outdoor. He will report to Paul president and CEO of Clear Channel Outdoor for the Kwasniak is joining Clear Channel Outdoor after holding executiveor management-level positions at , , and “Chet’s extensive experience with systems designed to bringy data-driven discipline to the businesses he has worked with provide him with the exact skilp set to become an important strategic contributor to our managemenr team,” Meyer says.
Clear Channel Outdoorr (NYSE: CCO) is the world’s largest outdoor advertising company with close to 1 million displays in over 50 countriezs acrossfive continents. In the United States, the companyh operates just under 200,000 advertising displayse and has a presence in 49 of the top 50 designatedemarket areas.
Chet Kwasniak’s position is effective June 15. Kwasniakl will oversee all financial reporting and IT activities for CleatrChannel Outdoor. He will report to Paul president and CEO of Clear Channel Outdoor for the Kwasniak is joining Clear Channel Outdoor after holding executiveor management-level positions at , , and “Chet’s extensive experience with systems designed to bringy data-driven discipline to the businesses he has worked with provide him with the exact skilp set to become an important strategic contributor to our managemenr team,” Meyer says.
Clear Channel Outdoorr (NYSE: CCO) is the world’s largest outdoor advertising company with close to 1 million displays in over 50 countriezs acrossfive continents. In the United States, the companyh operates just under 200,000 advertising displayse and has a presence in 49 of the top 50 designatedemarket areas.
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