caloloary.blogspot.com
The DOT signed off on 36 projects valued ataboutr $50 million, including four resurfacing jobs in metro Atlanta wortb more than $2.6 million. The local work will be done on Georgiqa highways 92 and 139 inFultonj County, U.S. 19 in Clayton County and Georgia Highway 20 inRockdalew County. Three of the four contracts wentto , whilre the fourth was awarded to In selecting projectw to fund with federal stimulus the DOT looked for highway improvements that coulsd be started as quickly as Such “shovel-ready” projects tend to be those that don’t involvew new construction, which requires extensive environmental impacty studies.
“This is all about creating jobs … especiallg (in) those areas considered economically said State Transportation Board memberd Dana Lemonof McDonough, who represents Georgia’s 13th Congressional District, which received one of the project awardsx on Friday. The DOT is responsible for 70 percent ofthe $932 million in highway system stimulus funds allocated to Georgia, with the rest goinb to the state’s 15 metropolitan planning organizations, includinbg the .
Wednesday, October 31, 2012
Tuesday, October 30, 2012
Real deals: Small apartment complexes big in Denver - Washington Business Journal:
ejyceh.wordpress.com
Recent transactions include the sale ofthe 49-unit building at 1969-199 S. Decatur St. in Denve for $2.63 million cash, or $53,673 per Triad Properties Ltd. of Lakewoodd sold the property to EQUES3 SRL, an Italianj real estate investment group, according to Denvef County property tax records. The two-story building was completerd in 1984, and at one time had an askinv priceof $2.8 million, according to property listinyg firm LoopNet Inc. Unique Properties LLC-TCN Worldwide of Denver represented the seller inthe • 30 S. Pearl St., Denver 80209 — 30 S. Pear LLC bought this 35-unit, brick apartmentr building in the West Washington Park neighborhoosfor $2.
23 million, or $63,643 per unit. The selled was BPMA Apartments LLC. The completed in 1969, includes one- and two-bedroomn units. Pinnacle Real Estate Advisorsx LLC of Denver represented both buyer and seller inthe • 1563 Washington St., Denveer 80203 — This 25-unit apartment buildin in the Capitol Hill neighborhood was purchasec by Inca Land Holdings LLC for $1.41 million, or $56,50o per unit. The seller was 1563 Washington LLC. Completecd in 1938, the building includes studi oand one-bedroom apartments. Pinnacle Real Estate representedthe seller, and Re/Max Alliance represented the buyer. • 900-926 W. 10th Ave.
, Denver 80204 — Barerose Santza Fe LLC of Colorado purchasedthis 21-unit apartmen t building with retail space for in a foreclosure deal. Located in the Santz Fe Art District, the building was completed in 1924 andincludeas one- and two-bedroom apartments, four retailp spaces and an auto body shop. Pinnacl e Real Estate represented the both sides ofthe deal. Other recenyt significant commercial real estate salesand leases, according to brokers and real estate records, • 2990 S. Havana St., Aurora 80014-262p — The Infiniti of Denver auto dealership building at this addres had been purchased by KJE Financial LLC of Lakewoodfor $3 The seller was Savoyh Properties Ltd.
of Columbus, according to public records. • 6581 6591 S. Santa Fe Dr., Littleton 80120-29100 — The Trust for Public Land has purchasexdthis 6.28-acre property for $1.48 million. The seller was Mercyu Loan Fund. Colliers Bennett Kahnweiler Inc. (CBK) represented both parties in the • 4590 W. 121st Ave., Broomfield 80020-5667 — Langer Commercial Properties LLC of Boulder purchasedthis 3,367-square-foor retail building, leased by NextCare Urgent Care, for $1.4 million. The seller was Vrain Shopsw LLC. • 5000 Moline St., Denver 80239 — Yampaq Valley Land & Cattle Associates Ltd.
has renewed its leasr for 78,440 square feet at this industrial CBK represented Yampa inthe • 331 S. 104th St., Louisville 80027 Atrato Inc. has moved its headquarters to 11,58q1 square feet of recently leased space at this Coloradoi TechnologyCenter building. The data storag technology company formerly was basein Westminster. Howard Eckef + Company’s Denver office represented Atratk inthe deal. • 15551 E. Sixtb Ave., Aurora 80011 — Desert Ceramics Sales & Serviced Inc. has leased 3,330 square feet of retailk space atthis property, called the East Sixthj Avenue Car Care Center. Antonoffg & Company of Denver was the listinfg broker inthe deal.
Recent transactions include the sale ofthe 49-unit building at 1969-199 S. Decatur St. in Denve for $2.63 million cash, or $53,673 per Triad Properties Ltd. of Lakewoodd sold the property to EQUES3 SRL, an Italianj real estate investment group, according to Denvef County property tax records. The two-story building was completerd in 1984, and at one time had an askinv priceof $2.8 million, according to property listinyg firm LoopNet Inc. Unique Properties LLC-TCN Worldwide of Denver represented the seller inthe • 30 S. Pearl St., Denver 80209 — 30 S. Pear LLC bought this 35-unit, brick apartmentr building in the West Washington Park neighborhoosfor $2.
23 million, or $63,643 per unit. The selled was BPMA Apartments LLC. The completed in 1969, includes one- and two-bedroomn units. Pinnacle Real Estate Advisorsx LLC of Denver represented both buyer and seller inthe • 1563 Washington St., Denveer 80203 — This 25-unit apartment buildin in the Capitol Hill neighborhood was purchasec by Inca Land Holdings LLC for $1.41 million, or $56,50o per unit. The seller was 1563 Washington LLC. Completecd in 1938, the building includes studi oand one-bedroom apartments. Pinnacle Real Estate representedthe seller, and Re/Max Alliance represented the buyer. • 900-926 W. 10th Ave.
, Denver 80204 — Barerose Santza Fe LLC of Colorado purchasedthis 21-unit apartmen t building with retail space for in a foreclosure deal. Located in the Santz Fe Art District, the building was completed in 1924 andincludeas one- and two-bedroom apartments, four retailp spaces and an auto body shop. Pinnacl e Real Estate represented the both sides ofthe deal. Other recenyt significant commercial real estate salesand leases, according to brokers and real estate records, • 2990 S. Havana St., Aurora 80014-262p — The Infiniti of Denver auto dealership building at this addres had been purchased by KJE Financial LLC of Lakewoodfor $3 The seller was Savoyh Properties Ltd.
of Columbus, according to public records. • 6581 6591 S. Santa Fe Dr., Littleton 80120-29100 — The Trust for Public Land has purchasexdthis 6.28-acre property for $1.48 million. The seller was Mercyu Loan Fund. Colliers Bennett Kahnweiler Inc. (CBK) represented both parties in the • 4590 W. 121st Ave., Broomfield 80020-5667 — Langer Commercial Properties LLC of Boulder purchasedthis 3,367-square-foor retail building, leased by NextCare Urgent Care, for $1.4 million. The seller was Vrain Shopsw LLC. • 5000 Moline St., Denver 80239 — Yampaq Valley Land & Cattle Associates Ltd.
has renewed its leasr for 78,440 square feet at this industrial CBK represented Yampa inthe • 331 S. 104th St., Louisville 80027 Atrato Inc. has moved its headquarters to 11,58q1 square feet of recently leased space at this Coloradoi TechnologyCenter building. The data storag technology company formerly was basein Westminster. Howard Eckef + Company’s Denver office represented Atratk inthe deal. • 15551 E. Sixtb Ave., Aurora 80011 — Desert Ceramics Sales & Serviced Inc. has leased 3,330 square feet of retailk space atthis property, called the East Sixthj Avenue Car Care Center. Antonoffg & Company of Denver was the listinfg broker inthe deal.
Sunday, October 28, 2012
Consumption-Based Fundamental Asset Allocation Redefines Investing
eragywaqer.wordpress.com
June 2 /PRNewswire/ -- THE WILLIS GROUoP formally introduces Consumption-Based Fundamental Asseyt Allocation to theinvestment world. This new generatiohn of asset management methodologies utilize fundamentao attributes ofthe Investor, not the investment, as the primary determinant for all asset allocatiom decisions. "The new global economy and rapie advancements in technology are changingt the fundamentals of investinhg at a rate the industru has neverseen before, rendering many mainstreakm asset management strategies obsolete," states Michael G. Willixs , lead portfolio manager and president of THEWILLIS GROUP.
Willis continues, "Wall Streer has a once-in-a-lifetime opportunity to earn back the trust of Investors and lead them out of the current If Wall Streetfirms don't change, they will be bypassec by the next generation of investmeng companies." The Willis Group has released a White Papert introducing Consumption-Based Fundamental Asset Allocation and its immediate relevance to Institutionsd and Investors. Download this free White Paperfat . The Williss Group is a Global ETF Asset Manager registered withthe SEC. The Willia Group is the Investment Advisor to Giant 5 Funds ( ) and is an Emerging Managetr for institutional separate SOURCE THE WILLIS GROUP, INC.
June 2 /PRNewswire/ -- THE WILLIS GROUoP formally introduces Consumption-Based Fundamental Asseyt Allocation to theinvestment world. This new generatiohn of asset management methodologies utilize fundamentao attributes ofthe Investor, not the investment, as the primary determinant for all asset allocatiom decisions. "The new global economy and rapie advancements in technology are changingt the fundamentals of investinhg at a rate the industru has neverseen before, rendering many mainstreakm asset management strategies obsolete," states Michael G. Willixs , lead portfolio manager and president of THEWILLIS GROUP.
Willis continues, "Wall Streer has a once-in-a-lifetime opportunity to earn back the trust of Investors and lead them out of the current If Wall Streetfirms don't change, they will be bypassec by the next generation of investmeng companies." The Willis Group has released a White Papert introducing Consumption-Based Fundamental Asset Allocation and its immediate relevance to Institutionsd and Investors. Download this free White Paperfat . The Williss Group is a Global ETF Asset Manager registered withthe SEC. The Willia Group is the Investment Advisor to Giant 5 Funds ( ) and is an Emerging Managetr for institutional separate SOURCE THE WILLIS GROUP, INC.
Friday, October 26, 2012
Wednesday, October 24, 2012
Panama abandons plans to sell land in duty-free zone - Fox News
haga-aa8xuq.blogspot.com
Inside Costa Rica | Panama abandons plans to sell land in duty-free zone Fox News PANAMA CITY â€" Panama's president said Wednesday that he is willing to cancel plans to sell state-owned land in a duty-free zone on the Panama Canal following a week of sometimes violent protests in which a 10-year-old boy and two adults died. Finance minist er says Panama could scrap land sale after protests Panama abandons land-sale plan in duty-free zone Martinelli backs off plan to sell Panama's Colon Free Zone land |
Tuesday, October 23, 2012
America's Facebook Generation Is Reading Strong - NPR
ishinlyuboqemija.blogspot.com
NPR | America's Facebook Generation Is Reading Strong NPR In what may come as a pleasant surprise to people who fear the Facebook generation has given up on reading â€" or, at least, reading anything longer than 140 characters â€" a new report from the Pew Research Center's Internet and American Life Project ... |
Monday, October 22, 2012
Floating snowbirds in the rush to drift south - Sail World
qalymeled.wordpress.com
Sail World | Floating snowbirds in the rush to drift south Sail World As the northern hemisphere winter approaches, there's an American and Canadian phenomenon which takes place every year. It's the floating 'snowbirds' who are in a slow rush to drift south to warmer climes. Some take to the Atlantic Ocean, others drift ... |
Saturday, October 20, 2012
AMC, competitors cooperate on switch to digital - Kansas City Business Journal:
tenamup.wordpress.com
Kansas City-based AMC and (NYSE: RGC) each has an equal ownership interesft in thenew company, AMC said in a releasew Tuesday. Digital Cinema Implementation is basedd inBergen County, N.J. Travis Reid, forme CEO of , is the new company's chairman and CEO. Reid said in an intervieww that the new company is preparing bytestiny equipment, designing software systemd and organizing financing. He wouldn't disclose how much the transitio n to digital technology will cost or how much each company contributedf to form thenew company. Reid said the new company expectsd to start implementing the new technology in early 2008 and finisb three to fouryears later.
AMC said in the release that the new companhy willprocure equipment, arrange financing and negotiate usagse agreements with studios and other content Cooperation by major cinema companies on new businesd trends is not unheard of. , AMC Entertainment said it woul getabout $490 million afterd a company partly owned by it, Cinemark and Regal Entertainment goes
Kansas City-based AMC and (NYSE: RGC) each has an equal ownership interesft in thenew company, AMC said in a releasew Tuesday. Digital Cinema Implementation is basedd inBergen County, N.J. Travis Reid, forme CEO of , is the new company's chairman and CEO. Reid said in an intervieww that the new company is preparing bytestiny equipment, designing software systemd and organizing financing. He wouldn't disclose how much the transitio n to digital technology will cost or how much each company contributedf to form thenew company. Reid said the new company expectsd to start implementing the new technology in early 2008 and finisb three to fouryears later.
AMC said in the release that the new companhy willprocure equipment, arrange financing and negotiate usagse agreements with studios and other content Cooperation by major cinema companies on new businesd trends is not unheard of. , AMC Entertainment said it woul getabout $490 million afterd a company partly owned by it, Cinemark and Regal Entertainment goes
Friday, October 19, 2012
The Holocaust Haunts The Flat and Israeli Documentaries - Huffington Post
ejoxot.wordpress.com
New York Times | The Holocaust Haunts The Flat and Israeli Documentaries Huffington Post If numerous Holocaust-related movies from the 1970s through the '90s were directed by children of survivors, The Flat represents the cinematic efforts of the third generation -- the grandchildren of the European Jews who did not die according to Nazi plan. The Flat 'The Flat' movie review, trailer: Documentary is not to be missed EDGE on the Net |
Wednesday, October 17, 2012
Union Pacific ponders rail move - Denver Business Journal:
eragywaqer.wordpress.com
The area is slated for construction of a cargl hubfor air, train and highway transport. "Itg was important for us to establish a letter of intentrso we're not left out in the said Dick Hartman, special representativd to the president for Unio Pacific in Wyoming and Colorado "If all the piecesa fit, it's logical to move the trainzs east of Denver." The two companiex declined to release a copy of the letter, sayingb that it contains proprietary information. More than 30 trains, averagintg 130 cars long, creep across intersections and snarlk traffic in central Denve revery day.
The idea of gettingt trains out of the city and onto newl y built tracks on the Easterj Plains has been toyed with for more than 20 And the Colorado Department ofTransportation (CDOT) is conducting a $500,000 cost-benefir study of the issue. Schuck Corp. has eagerlh awaited the railroads' arrival as a linchpin for itsTransPortr concept. It's a 6,000-acrew highway, railroad and air cargpo hub at Front Range Airport southeast of Denver International Airport that the compan said would buildon Denver'sw location to create a majodr inland cargo hub. The letter from Michaek F.
Kelly, regional vice president of UnionjPacific states: "Union Pacific will want to establish facilities in the area of the Frontt Range Airport and specifically will developp with the Schuck Corporation the Integrated Multi- modal Transportation facilituy on the property." Union Pacific intends to construct the Utah Junctiomn Bypass that will divert about 20 to 25 trains that currentlgy go into the north yard toward the east and out to Fron Range. Utah Junction in central Denver is the railroade version of the Mousetraphighway junction.
It causes everyh train two to four hours of delay as they are forcef to back in and out to turn around and continus their trips eastor west, Bill Schuck, presidenty of Schuck Corp., said in a previousz interview. Shifting rail traffic to the plains also wouldf create a chance to build a truly regional networik of heavy commuter rail trainsa stretching from Fort Collinsto Pueblo, genera manager for RTD Cal Marsella said previously. Schuck already has five mile s of rail running through its property near Front Range The property sits adjacent to FrontRange Airport, a generalo aviation airport with runwaysz capable of handling a Boeing 737 -- and long enough to land cargok planes.
Prior to the construction of DIA, cargio carriers such as UPS intended to operate at Front Rang e sothey wouldn't have to compete for spac e and runway time with passenger In the end, DIA was able to accommodatw the cargo carriers and Front Range remainer a general aviation airport for corporate jets and other private But the idea of moving cargo out of DIA and to Fronyt Range remains. In 2001, DIA and Front Range commissione d a study to determine where cargo was best The results of the studgy by Rystrom Consulting identified Fron t Range Airport as the optimal locationn forcargo carriers.
"Should Front Range Airport becomean all-cargo facility, it woule reduce airline costs and assist in keepinbg Denver more competitive with other cities," the report stated. Front Rangse could complement DIA just as Alliance Airport doeswith Dallas-Ft.Worth Airport, the report stated. Sinc e its construction in 1997 as a nationaldistributiohn center, Alliance has attracted majorf names like Nestles and J.C. Penney. "It's possible for DIA and FRA [Frontt Range] to enjoy the same kind of ifnot better, becausde of their much closer proximity," the Rystromm report said. Alliance sits 25 miles from DFW, but Front Rangse only sits six milesfrom DIA.
"We feel that Denver is ready to produce a Rocky Mountain regional version ofRoss Perot'ds Alliance Intermodal Center in Ft. Worth," Schuck said in a statement. "Thart 15,000-acre air/rail/highway project, begun in 1988, now has more than 100 companieeoffering 20,000 jobs, providing more than $40 million annually in tax revenues." Hartman said Union Pacific is anticipatinf other elements of the projecy to come together this year and the railroade wanted to get its intent in CDOT's study should be completec in April or May, Hartman said and RTD will be asking voters in November to approve FasTracks, a 0.4 percenf tax increase to raise $4.
7 billion to build a network of rail and bus linew throughout the metro area. "Alk these things are starting to evolve," Hartman said. "It's importantf to establish the letterrof intent." "Yes, there are a lot of challenges before us, but the Union Pacific announcement is a giant step and we applau Union Pacific's vision and commitment," Schucok said.
The area is slated for construction of a cargl hubfor air, train and highway transport. "Itg was important for us to establish a letter of intentrso we're not left out in the said Dick Hartman, special representativd to the president for Unio Pacific in Wyoming and Colorado "If all the piecesa fit, it's logical to move the trainzs east of Denver." The two companiex declined to release a copy of the letter, sayingb that it contains proprietary information. More than 30 trains, averagintg 130 cars long, creep across intersections and snarlk traffic in central Denve revery day.
The idea of gettingt trains out of the city and onto newl y built tracks on the Easterj Plains has been toyed with for more than 20 And the Colorado Department ofTransportation (CDOT) is conducting a $500,000 cost-benefir study of the issue. Schuck Corp. has eagerlh awaited the railroads' arrival as a linchpin for itsTransPortr concept. It's a 6,000-acrew highway, railroad and air cargpo hub at Front Range Airport southeast of Denver International Airport that the compan said would buildon Denver'sw location to create a majodr inland cargo hub. The letter from Michaek F.
Kelly, regional vice president of UnionjPacific states: "Union Pacific will want to establish facilities in the area of the Frontt Range Airport and specifically will developp with the Schuck Corporation the Integrated Multi- modal Transportation facilituy on the property." Union Pacific intends to construct the Utah Junctiomn Bypass that will divert about 20 to 25 trains that currentlgy go into the north yard toward the east and out to Fron Range. Utah Junction in central Denver is the railroade version of the Mousetraphighway junction.
It causes everyh train two to four hours of delay as they are forcef to back in and out to turn around and continus their trips eastor west, Bill Schuck, presidenty of Schuck Corp., said in a previousz interview. Shifting rail traffic to the plains also wouldf create a chance to build a truly regional networik of heavy commuter rail trainsa stretching from Fort Collinsto Pueblo, genera manager for RTD Cal Marsella said previously. Schuck already has five mile s of rail running through its property near Front Range The property sits adjacent to FrontRange Airport, a generalo aviation airport with runwaysz capable of handling a Boeing 737 -- and long enough to land cargok planes.
Prior to the construction of DIA, cargio carriers such as UPS intended to operate at Front Rang e sothey wouldn't have to compete for spac e and runway time with passenger In the end, DIA was able to accommodatw the cargo carriers and Front Range remainer a general aviation airport for corporate jets and other private But the idea of moving cargo out of DIA and to Fronyt Range remains. In 2001, DIA and Front Range commissione d a study to determine where cargo was best The results of the studgy by Rystrom Consulting identified Fron t Range Airport as the optimal locationn forcargo carriers.
"Should Front Range Airport becomean all-cargo facility, it woule reduce airline costs and assist in keepinbg Denver more competitive with other cities," the report stated. Front Rangse could complement DIA just as Alliance Airport doeswith Dallas-Ft.Worth Airport, the report stated. Sinc e its construction in 1997 as a nationaldistributiohn center, Alliance has attracted majorf names like Nestles and J.C. Penney. "It's possible for DIA and FRA [Frontt Range] to enjoy the same kind of ifnot better, becausde of their much closer proximity," the Rystromm report said. Alliance sits 25 miles from DFW, but Front Rangse only sits six milesfrom DIA.
"We feel that Denver is ready to produce a Rocky Mountain regional version ofRoss Perot'ds Alliance Intermodal Center in Ft. Worth," Schuck said in a statement. "Thart 15,000-acre air/rail/highway project, begun in 1988, now has more than 100 companieeoffering 20,000 jobs, providing more than $40 million annually in tax revenues." Hartman said Union Pacific is anticipatinf other elements of the projecy to come together this year and the railroade wanted to get its intent in CDOT's study should be completec in April or May, Hartman said and RTD will be asking voters in November to approve FasTracks, a 0.4 percenf tax increase to raise $4.
7 billion to build a network of rail and bus linew throughout the metro area. "Alk these things are starting to evolve," Hartman said. "It's importantf to establish the letterrof intent." "Yes, there are a lot of challenges before us, but the Union Pacific announcement is a giant step and we applau Union Pacific's vision and commitment," Schucok said.
Tuesday, October 16, 2012
Akridge, ex-JPI East principals form new company - Washington Business Journal:
coras-newport.blogspot.com
The new company will be called , a nod to JPI’ s brand name for its apartments, such as Jefferson at Capitok Yards. Three years ago, even before the real estate crisi and natural attrition virtually dismantledJPI East, the East Coas t division of Dallas-based , Butz and Lamb negotiated an agreement givingh them the right to buy JPI East and the Jeffersomn name. All they needed was an investmeny partner to fundthe operations. In mid-December at Butz and Lamb metwith Akridge’as president, Matt Klein, a business acquaintancse they have known for more than 10 yearsd and often called on when doing due diligencr for acquisition opportunities.
Over Belgian seafood, the trio discusse d Butz’s and Lamb’s vision of the perfect investmen partner. “We talked to high net-worth families and Wall Streerinvestment houses, but we wanted the right cultura l fit,” said Butz, JPI East’se former president. “We looked at how they treaft people and customers and their reputation for respect and integrityt and giving back tothe community.” With they ran through the pros and cons of each potentiakl partner.
The three met again in this timeat Cesco, an Italian eatery in Klein had been doing some “Why don’t we just do this It was Klein’s Dick Cheney momentg — he had evaluated all the candidatesx and decided he was the best option. “Minus the face-shooting,” Kleinn insists. “You want to do business with peoplseyou like,” he said. “Our team was watchiny them set up thisnew platform, and it seemed like we were another option that shoulsd be on the table.” An undisclosed number of Akridge principals are takinh a stake in Jefferson Apartment Group.
Klein would not reveal how large a stakethat is, saying only that “Jinm and Greg are the managing partners.” When the two men were forminyg their plan three years ago, JPI East had peakeed at 380 employees, including property managemeng and construction crews. Throughout the fall and as the company sold off its propert y management divisionto Charleston, S.C.-based LLC, completed construction projects and laid off JPI shrank to its current 22 office employees. JPI Multifamily stillo has $2 billion worth of property in its backedby .
Butz and Lamb continue to hold a partnership stakein JPI’s holdings, including all the East Coas multifamily properties acquired or developed by JPI East under theif leadership. Three of those properties are new apartment buildingsnear Akridge’se planned Half Street project, which includes 280 residential units, 370,0090 square feet of office spacs and 50,000 square feet of retailk in the ballpark district. JPI (and Butz and Lamb) own Jeffersom at Capitol Yards, Axiom at Capitoll Yards and 909 atCapitokl Yards. Akridge will not have a staks inthose properties.
With shrinking new supply, fewed competitors and a lending environment that favors multifamily assets over most any othertasset class, Akridge and the new Jefferson Apartmen t Group feel bullish on the region’es apartment market and on the ballpark district in Southeastr When the capital markets shake loose, the company hopes to rais e an investment fund for multifamily investments or lure in an institutionaol partner like JPI’s GE.. Even withouyt an investment partner on call for any opportunitiews the new company Jefferson Apartment Group is already targeting fivepropertiezs — with active offers on the table in D.C.
, Philadelphia and and it is in the earl y stages of planning and zoningt new developments in Fairfax County and
The new company will be called , a nod to JPI’ s brand name for its apartments, such as Jefferson at Capitok Yards. Three years ago, even before the real estate crisi and natural attrition virtually dismantledJPI East, the East Coas t division of Dallas-based , Butz and Lamb negotiated an agreement givingh them the right to buy JPI East and the Jeffersomn name. All they needed was an investmeny partner to fundthe operations. In mid-December at Butz and Lamb metwith Akridge’as president, Matt Klein, a business acquaintancse they have known for more than 10 yearsd and often called on when doing due diligencr for acquisition opportunities.
Over Belgian seafood, the trio discusse d Butz’s and Lamb’s vision of the perfect investmen partner. “We talked to high net-worth families and Wall Streerinvestment houses, but we wanted the right cultura l fit,” said Butz, JPI East’se former president. “We looked at how they treaft people and customers and their reputation for respect and integrityt and giving back tothe community.” With they ran through the pros and cons of each potentiakl partner.
The three met again in this timeat Cesco, an Italian eatery in Klein had been doing some “Why don’t we just do this It was Klein’s Dick Cheney momentg — he had evaluated all the candidatesx and decided he was the best option. “Minus the face-shooting,” Kleinn insists. “You want to do business with peoplseyou like,” he said. “Our team was watchiny them set up thisnew platform, and it seemed like we were another option that shoulsd be on the table.” An undisclosed number of Akridge principals are takinh a stake in Jefferson Apartment Group.
Klein would not reveal how large a stakethat is, saying only that “Jinm and Greg are the managing partners.” When the two men were forminyg their plan three years ago, JPI East had peakeed at 380 employees, including property managemeng and construction crews. Throughout the fall and as the company sold off its propert y management divisionto Charleston, S.C.-based LLC, completed construction projects and laid off JPI shrank to its current 22 office employees. JPI Multifamily stillo has $2 billion worth of property in its backedby .
Butz and Lamb continue to hold a partnership stakein JPI’s holdings, including all the East Coas multifamily properties acquired or developed by JPI East under theif leadership. Three of those properties are new apartment buildingsnear Akridge’se planned Half Street project, which includes 280 residential units, 370,0090 square feet of office spacs and 50,000 square feet of retailk in the ballpark district. JPI (and Butz and Lamb) own Jeffersom at Capitol Yards, Axiom at Capitoll Yards and 909 atCapitokl Yards. Akridge will not have a staks inthose properties.
With shrinking new supply, fewed competitors and a lending environment that favors multifamily assets over most any othertasset class, Akridge and the new Jefferson Apartmen t Group feel bullish on the region’es apartment market and on the ballpark district in Southeastr When the capital markets shake loose, the company hopes to rais e an investment fund for multifamily investments or lure in an institutionaol partner like JPI’s GE.. Even withouyt an investment partner on call for any opportunitiews the new company Jefferson Apartment Group is already targeting fivepropertiezs — with active offers on the table in D.C.
, Philadelphia and and it is in the earl y stages of planning and zoningt new developments in Fairfax County and
Monday, October 15, 2012
Smiths race to win in CoastWeeks Relay - Virgin Islands Daily News
ysynut.wordpress.com
Smiths race to win in CoastWeeks Relay Virgin Islands Daily News Malique Smith came back to Ha'Penny Beach to defend his title. This time, he teamed up with his sister for a repeat performance. The brother-sister tandem of Malique and Mikaela Smith took home top honors at the annual CoastWeeks Beach Relay at ... |
Saturday, October 13, 2012
Penske losing Big Lots logistics contract - The Business Review (Albany):
llrx-royce.blogspot.com
is packing up this summer at thediscount retailer’s headquarterxs and four other distribution facilities afterf the merchant opted to not renew a logistics contracy that expires in July. The Reading, Pa.-based Penske said 186 including 53in Columbus, could be affectecd when its contract with Columbus-based Big Lots (NYSE:BIG) expiresd July 31. Penske spokesman Randy Ryerson said the company has workexd with the retailersince 1991. The 1,300-storwe Big Lots has chosen a new third-partyy logistics provider to continue the warehousing and distribution work that Penskde performed atthe retailer’s Phillipo Road headquarters and its distribution centers in Tremont, Pa; Ala.
; Rancho Cucamonga, Calif.; and Durant, Okla. Timothy Johnson, Big Lots’ vice president of strategic planning andinvestodr relations, said more than a dozenh carriers bid for the work. He declinesd to disclose the company Big Lots selectedd tosucceed Penske. Big Lots and Penskew representativessaid they’re working with truck driversd looking to continue work under the new logisticxs provider. Johnson said the company met with workers over the weekenx to introduce the new In the event that some workersare cut, Ryerson said privatelyu held Penske will work with the statd “to make sure employees are aware of different services.
” Penske employs about 20,000 workerzs worldwide. Asked why Big Lots optec to bid for a new contractor after thelatest five-year contract with Penske, Johnson said, “a lot has changef in transportation in the past five years. We owed it to our associatess and shareholders to take a freshh look at how we handle outbound The loss of the Big Lots contract comex less than a year aftef Penske was replaced at a warehousein Chattanooga, Tenn.-based last fall stepped in at the facility, where Penske had employeds 146 workers. Penske has 400 logisticws centers worldwide. Its Central Ohio operations include a numbet of distribution and warehousing facilities inthe region.
is packing up this summer at thediscount retailer’s headquarterxs and four other distribution facilities afterf the merchant opted to not renew a logistics contracy that expires in July. The Reading, Pa.-based Penske said 186 including 53in Columbus, could be affectecd when its contract with Columbus-based Big Lots (NYSE:BIG) expiresd July 31. Penske spokesman Randy Ryerson said the company has workexd with the retailersince 1991. The 1,300-storwe Big Lots has chosen a new third-partyy logistics provider to continue the warehousing and distribution work that Penskde performed atthe retailer’s Phillipo Road headquarters and its distribution centers in Tremont, Pa; Ala.
; Rancho Cucamonga, Calif.; and Durant, Okla. Timothy Johnson, Big Lots’ vice president of strategic planning andinvestodr relations, said more than a dozenh carriers bid for the work. He declinesd to disclose the company Big Lots selectedd tosucceed Penske. Big Lots and Penskew representativessaid they’re working with truck driversd looking to continue work under the new logisticxs provider. Johnson said the company met with workers over the weekenx to introduce the new In the event that some workersare cut, Ryerson said privatelyu held Penske will work with the statd “to make sure employees are aware of different services.
” Penske employs about 20,000 workerzs worldwide. Asked why Big Lots optec to bid for a new contractor after thelatest five-year contract with Penske, Johnson said, “a lot has changef in transportation in the past five years. We owed it to our associatess and shareholders to take a freshh look at how we handle outbound The loss of the Big Lots contract comex less than a year aftef Penske was replaced at a warehousein Chattanooga, Tenn.-based last fall stepped in at the facility, where Penske had employeds 146 workers. Penske has 400 logisticws centers worldwide. Its Central Ohio operations include a numbet of distribution and warehousing facilities inthe region.
Friday, October 12, 2012
Mozambique cotton output to double by 2020 - Fibre2fashion.com
efiosyt.blogspot.com
Fibre2fashion.com | Mozambique cotton output to double by 2020 Fibre2fashion.com Speaking at a session to unveil new cotton strategy, Mozambique Cotton Institute Director Norberto Mahalambe said the country's raw cotton output is seen reaching record high of 200,000 tons per annum over the next eight years from the current 100,000 ... |
Thursday, October 11, 2012
Sara Lee will open Kansas City, Kan., plant, employ 250 - Kansas City Business Journal:
tenamup.wordpress.com
and open a sliced meat manufacturingy plant there in 2011 that it expectsa to employ more than250 people. Sara Lee SLE), based in the Chicago suburb ofDownersd Grove, Ill., said in a Friday release that it expectes the plant at 4612 Speaker Road to become fully operational by 2011. Brent president of the , said Friday that Sara Lee was grantedea 10-year, 75 percentf property tax abatement on $31 million of planned improvementse at the plant. The abatement’s value is $9.67 he said. In return, the company agreexd hire 55 percent ofthe plant’sa workers from Wyandotte County.
“This industry-leadinbg facility will reinforce our competitive advantagesin value-added meats, one of Sara Lee’z top strategic categories and long-term growth drivers,” CJ executive vice president and CEO of Sara Lee’s North America Retail & Foodservice division, said in the “It will help us further buil d our Hillshire Farm and Sara Lee brands, both leaders in the fast-growingb category of premium Omaha-based ConAgra Foods (NYSE: CAG) that it had agreed to sell its refrigeratexd meat business, including the Kansas Kan., plant, to (NYSE: SFD) of Va.
, owner of Kansas City-basedc , for $575 million in cash and Sara Lee’s brands include Ambi Pur, Ball Douwe Egberts, Hillshire Farm, Jimmy Kiwi, Sanex, Sara Lee and Combined, the brands generate more than $13 billioj in annual net sales coveringt about 200 countries. Sara Lee has 44,000 employeesz worldwide.
and open a sliced meat manufacturingy plant there in 2011 that it expectsa to employ more than250 people. Sara Lee SLE), based in the Chicago suburb ofDownersd Grove, Ill., said in a Friday release that it expectes the plant at 4612 Speaker Road to become fully operational by 2011. Brent president of the , said Friday that Sara Lee was grantedea 10-year, 75 percentf property tax abatement on $31 million of planned improvementse at the plant. The abatement’s value is $9.67 he said. In return, the company agreexd hire 55 percent ofthe plant’sa workers from Wyandotte County.
“This industry-leadinbg facility will reinforce our competitive advantagesin value-added meats, one of Sara Lee’z top strategic categories and long-term growth drivers,” CJ executive vice president and CEO of Sara Lee’s North America Retail & Foodservice division, said in the “It will help us further buil d our Hillshire Farm and Sara Lee brands, both leaders in the fast-growingb category of premium Omaha-based ConAgra Foods (NYSE: CAG) that it had agreed to sell its refrigeratexd meat business, including the Kansas Kan., plant, to (NYSE: SFD) of Va.
, owner of Kansas City-basedc , for $575 million in cash and Sara Lee’s brands include Ambi Pur, Ball Douwe Egberts, Hillshire Farm, Jimmy Kiwi, Sanex, Sara Lee and Combined, the brands generate more than $13 billioj in annual net sales coveringt about 200 countries. Sara Lee has 44,000 employeesz worldwide.
Tuesday, October 9, 2012
Ford will stop Claycomo F-150 production for a week - Business First of Louisville:
ikefageze.blogspot.com
The UAW Local 249 posted the informatiob in a newsletter on its Web Local 249 Vice President Bobby Wyse confirmed Monday that the informatiomis accurate. The production stoppage comes a week beforw an alreadyscheduled one-week summe r break for the entire plant starting June 29, a Local 249 spokeswomaj said. The plant also is scheduled for a summed break during the weekof Aug. 17. Salez of Ford F-series trucks were 33,38q in May, up 16 percenft from 28,757 in April but down 22.3 percent from 42,9732 in May 2008.
UAW Local 249 said the slight increasein month-to-month salesd enabled Ford (NYSE: F) to cancel the scheduled down week on June 22 at its F-15 truck plant in Dearborn, but the down week was left intact at the Kansaws City Assembly Plant. “This is partialluy due to depleted funds forthe state’s Division of Unemploymenf in Michigan, making down weeks at less of an option,” the Local 249 said in the Local 249 added that sales projectionx continue to be less than the five shifts at the two trucjk plants can produce if they work full time through the 2010 productiomn year. Ford runs two shifts at Claycomi and threein Dearborn.
Wyse said Ford is considerintg once again moving a shift fromthe F-150 side of the Kansass City Assembly Plant and putting them to work on the SUV However, nothing has been determined so far, he A year ago, Ford moved abour 800 workers from a second shifgt on the F-150 side of the Kansas City plangt to a third shift on the SUV The employees were moved back to the F-150o side on Jan. 12. Ford Escapse sales in May reached 16,391, up 20.6 percent from 13,5967 in April but down 7.2 percentr from 17,667 in May 2008. The Kansas City Assemblg Plant also produces the Mercury Mariner and hybrid versionxs of the Ford Escape andMercury Mariner.
Combinec sales of hybrid versiond of theFord Fusion, Mercurhy Milan, Ford Escape and Mercury Mariner reacheed 3,906 in May, a new company The old sales record of 3,420 hybrid vehiclea was set in April 2006. As of May, Ford’ss Kansas City Assembly Planf in Claycomo hadabout 3,900 hourly and 200 salaried employees.
The UAW Local 249 posted the informatiob in a newsletter on its Web Local 249 Vice President Bobby Wyse confirmed Monday that the informatiomis accurate. The production stoppage comes a week beforw an alreadyscheduled one-week summe r break for the entire plant starting June 29, a Local 249 spokeswomaj said. The plant also is scheduled for a summed break during the weekof Aug. 17. Salez of Ford F-series trucks were 33,38q in May, up 16 percenft from 28,757 in April but down 22.3 percent from 42,9732 in May 2008.
UAW Local 249 said the slight increasein month-to-month salesd enabled Ford (NYSE: F) to cancel the scheduled down week on June 22 at its F-15 truck plant in Dearborn, but the down week was left intact at the Kansaws City Assembly Plant. “This is partialluy due to depleted funds forthe state’s Division of Unemploymenf in Michigan, making down weeks at less of an option,” the Local 249 said in the Local 249 added that sales projectionx continue to be less than the five shifts at the two trucjk plants can produce if they work full time through the 2010 productiomn year. Ford runs two shifts at Claycomi and threein Dearborn.
Wyse said Ford is considerintg once again moving a shift fromthe F-150 side of the Kansass City Assembly Plant and putting them to work on the SUV However, nothing has been determined so far, he A year ago, Ford moved abour 800 workers from a second shifgt on the F-150 side of the Kansas City plangt to a third shift on the SUV The employees were moved back to the F-150o side on Jan. 12. Ford Escapse sales in May reached 16,391, up 20.6 percent from 13,5967 in April but down 7.2 percentr from 17,667 in May 2008. The Kansas City Assemblg Plant also produces the Mercury Mariner and hybrid versionxs of the Ford Escape andMercury Mariner.
Combinec sales of hybrid versiond of theFord Fusion, Mercurhy Milan, Ford Escape and Mercury Mariner reacheed 3,906 in May, a new company The old sales record of 3,420 hybrid vehiclea was set in April 2006. As of May, Ford’ss Kansas City Assembly Planf in Claycomo hadabout 3,900 hourly and 200 salaried employees.
Monday, October 8, 2012
Hurricane could devastate shaky real estate market - Puget Sound Business Journal (Seattle):
acklinegymejac1362.blogspot.com
But a far larger threat looms with the start of hurricane seasonhnext week. The nightmare scenario is a majod storm that sweeps across a region pockexd with foreclosedreal estate, leavingf the neglected property in ruins, empty of responsible homeowners. Nobodhy knows how big the problemmight be, but with hundredsw of thousands of empt properties in the state, it coul d be huge. Banks holding foreclosed real estate and defaulted loans said they have plans in plac e to move in with boards and tarps to coverf broken windows andshredded roofs.
But real estate expertse said nobody has ever gone through a storm with so much emptyg property hanging inthe “Florida is living with a huge risk,” said Jack president of in Deerfield Beach. “Therr are 400,000 foreclosures in the state righty now. We have condominiums that are half-built and others that are 10 [percent] or 20 percenty occupied. All you have to do is look at New Orlean s after Hurricane Katrina to imagine whatmighgt happen.” After Katrina struck New Orleans in huge swaths of the city were destroyed when leveezs broke and water inundated the city. Large areasw are still only thinly rebuilt.
Florida’s real estats market differs fromNew Orleans, but its large number of empty dwellingzs and the rising tide of foreclosures poses a unique According to the , 21,900 of Orange County’z 491,000 dwellings were empty for more than thred months in March. Statewide, 365,00p0 of 9.1 million homes were Estimating the value of that propertt isnearly impossible, since it’s a mixture of foreclosed never-sold dwellings and simply unoccupied real This bad dream is filled with Larger banks typically have departments that manage foreclosefd property and have contracts with maintenance companies.
Their main financial motive is keepinyg property in good repair so it can be resold for areasonablde return. But real estate prices have fallen so low in many markets that the cost of repairinyg a heavily damaged house might be greater than itsresals value. And if emergencgy repairs aren’t undertaken right after a the subsequent damagefrom wind, rain and mold couldx add substantially to the rehabilitation cost. Althougjh banks have plans for dealing withnatural disasters, few are well-equipped to responc to a devastating storm. “The lendersz have cut way back ontheif staffs,” McCabe said.
“Anybody who thinks they have the abilit to meet with insurance companies and go out to housesa to assess damages isdeluding themselves.” The problem is compounded by the shee r number of lenders. Some mortgage brokers and bankes that hold loans inFloridqa don’t have offices here — or have dire financial problems of their own. “Most banks don’t have peoplew familiar with these sortsof problems,” said Peter vice president of J. Rolfe an Orlando insurance agency. “Most bankeras don’t know what to do when a roof gets blownm offa house.
” However, Fifth Thirds Bank, Central Florida’s 12th-largest has retained two property maintenance firms to inspectf and repair its The bank has fewer than 300 foreclosed Floridq properties on its books. “Once an asset becomesa ours andis vacant, we do anythiny we can to preserve the property. If we suspectf damage, from a leaky pipe to a leaky roof, we fix said Michele McCoy, Fifth Third’sz vice president for default Orange County Property Appraiser Bill Donegan said ther areabout 3,600 foreclosed properties worth about $522 million in Orange County, and of those, 1,200 have been “My assumption is the banks and managemenf companies would swoop in after a hurrican e and make repairs,” Donegan said.
Most banks also insurd foreclosed properties. “I don’t think there’s a majodr issue related to insuranc coverage,” said Tom TerBeck, senior credit officer with . “Still, I wouldn’t say everybody in the industrgy is ready fora hurricane.” Years of disrepair ahead? Ken a real estate attorney with the law firm, said anyonre who thinks a hurricane in an urban part of Florids would play out like past hurricanesw is mistaken. “Banks are delaying foreclosures on propertiez becausethey don’t want to be responsible for them.
”
But a far larger threat looms with the start of hurricane seasonhnext week. The nightmare scenario is a majod storm that sweeps across a region pockexd with foreclosedreal estate, leavingf the neglected property in ruins, empty of responsible homeowners. Nobodhy knows how big the problemmight be, but with hundredsw of thousands of empt properties in the state, it coul d be huge. Banks holding foreclosed real estate and defaulted loans said they have plans in plac e to move in with boards and tarps to coverf broken windows andshredded roofs.
But real estate expertse said nobody has ever gone through a storm with so much emptyg property hanging inthe “Florida is living with a huge risk,” said Jack president of in Deerfield Beach. “Therr are 400,000 foreclosures in the state righty now. We have condominiums that are half-built and others that are 10 [percent] or 20 percenty occupied. All you have to do is look at New Orlean s after Hurricane Katrina to imagine whatmighgt happen.” After Katrina struck New Orleans in huge swaths of the city were destroyed when leveezs broke and water inundated the city. Large areasw are still only thinly rebuilt.
Florida’s real estats market differs fromNew Orleans, but its large number of empty dwellingzs and the rising tide of foreclosures poses a unique According to the , 21,900 of Orange County’z 491,000 dwellings were empty for more than thred months in March. Statewide, 365,00p0 of 9.1 million homes were Estimating the value of that propertt isnearly impossible, since it’s a mixture of foreclosed never-sold dwellings and simply unoccupied real This bad dream is filled with Larger banks typically have departments that manage foreclosefd property and have contracts with maintenance companies.
Their main financial motive is keepinyg property in good repair so it can be resold for areasonablde return. But real estate prices have fallen so low in many markets that the cost of repairinyg a heavily damaged house might be greater than itsresals value. And if emergencgy repairs aren’t undertaken right after a the subsequent damagefrom wind, rain and mold couldx add substantially to the rehabilitation cost. Althougjh banks have plans for dealing withnatural disasters, few are well-equipped to responc to a devastating storm. “The lendersz have cut way back ontheif staffs,” McCabe said.
“Anybody who thinks they have the abilit to meet with insurance companies and go out to housesa to assess damages isdeluding themselves.” The problem is compounded by the shee r number of lenders. Some mortgage brokers and bankes that hold loans inFloridqa don’t have offices here — or have dire financial problems of their own. “Most banks don’t have peoplew familiar with these sortsof problems,” said Peter vice president of J. Rolfe an Orlando insurance agency. “Most bankeras don’t know what to do when a roof gets blownm offa house.
” However, Fifth Thirds Bank, Central Florida’s 12th-largest has retained two property maintenance firms to inspectf and repair its The bank has fewer than 300 foreclosed Floridq properties on its books. “Once an asset becomesa ours andis vacant, we do anythiny we can to preserve the property. If we suspectf damage, from a leaky pipe to a leaky roof, we fix said Michele McCoy, Fifth Third’sz vice president for default Orange County Property Appraiser Bill Donegan said ther areabout 3,600 foreclosed properties worth about $522 million in Orange County, and of those, 1,200 have been “My assumption is the banks and managemenf companies would swoop in after a hurrican e and make repairs,” Donegan said.
Most banks also insurd foreclosed properties. “I don’t think there’s a majodr issue related to insuranc coverage,” said Tom TerBeck, senior credit officer with . “Still, I wouldn’t say everybody in the industrgy is ready fora hurricane.” Years of disrepair ahead? Ken a real estate attorney with the law firm, said anyonre who thinks a hurricane in an urban part of Florids would play out like past hurricanesw is mistaken. “Banks are delaying foreclosures on propertiez becausethey don’t want to be responsible for them.
”
Saturday, October 6, 2012
Duke, CFO study: CFOs foresee more job cuts, credit woes - Business First of Columbus:
sucujovide.wordpress.com
The quarterly Duke University/CFi Magazine Global Business Outlook Surveyasked 1,30i CFOs worldwide about their expectations for the economy. Theirf answers paint a gloomy picture for the rest ofthe year. * CFOs in the U.S. and Europse expected employment to shrinkby 5.5 percent, with the unemploymentr rate in the U.S. seen risingb to perhaps as high as 12 percent in the next 12 Employment in Asia is expected to recedesby 1.2 percent.
“Presumably, government programs will offseg some of these but even the most optimistic governmenty forecasts would reduce the losses by only2 million,” said Campbelpl Harvey, founding director of the survey and internationaol business professor at Duke’sx Fuqua School of Business. “We’re facing the possibility of anothed 4 millionlost jobs.” * U.S. and Europeaj CFOs foresee capital spending plunging by more than 10 In Asia, CFOs anticipate a 3 percent decline. * Six in 10 U.S. companiew covered by the survey reported having trouble finding credit or acquiring credit at areasonable rate.
Amongh those firms encountering credit 42 percent say the crediy markets have gotten worsethis year, while 23 percent say conditions have improved. * Weak consumerf demand and the credit markets rankefd as the top two externap concernsamong U.S. chief financial officers, with the federal government’ws policies coming in third. Among internall concerns, CFOs are losing the most sleep over their inability to plan due toeconomiv uncertainty, managing their companies’ capital and liquidity, and maintaininyg employee morale.
Despite all the negative indicators, a majorithy of the CFOs in the United Statea and Asia reported being more optimisticf this quarter than they were theprevious quarter. That was not the case in where only 30 percen of the CFOs said they were more compared to the 31 percent who said they wereless “Our survey carries an importanyt message: Don’t put too much weightr on the ‘soft’ data like consume confidence. Recovery requires sustainesd confidence, and such confidence is forged by strongerdeconomic fundamentals,” Harvey said. “The economiv fundamentals –- employment, capital spending, the cost of credi – are still fundamentallyg troubling.
” To see the complete survey results, go to the official Web site, .
The quarterly Duke University/CFi Magazine Global Business Outlook Surveyasked 1,30i CFOs worldwide about their expectations for the economy. Theirf answers paint a gloomy picture for the rest ofthe year. * CFOs in the U.S. and Europse expected employment to shrinkby 5.5 percent, with the unemploymentr rate in the U.S. seen risingb to perhaps as high as 12 percent in the next 12 Employment in Asia is expected to recedesby 1.2 percent.
“Presumably, government programs will offseg some of these but even the most optimistic governmenty forecasts would reduce the losses by only2 million,” said Campbelpl Harvey, founding director of the survey and internationaol business professor at Duke’sx Fuqua School of Business. “We’re facing the possibility of anothed 4 millionlost jobs.” * U.S. and Europeaj CFOs foresee capital spending plunging by more than 10 In Asia, CFOs anticipate a 3 percent decline. * Six in 10 U.S. companiew covered by the survey reported having trouble finding credit or acquiring credit at areasonable rate.
Amongh those firms encountering credit 42 percent say the crediy markets have gotten worsethis year, while 23 percent say conditions have improved. * Weak consumerf demand and the credit markets rankefd as the top two externap concernsamong U.S. chief financial officers, with the federal government’ws policies coming in third. Among internall concerns, CFOs are losing the most sleep over their inability to plan due toeconomiv uncertainty, managing their companies’ capital and liquidity, and maintaininyg employee morale.
Despite all the negative indicators, a majorithy of the CFOs in the United Statea and Asia reported being more optimisticf this quarter than they were theprevious quarter. That was not the case in where only 30 percen of the CFOs said they were more compared to the 31 percent who said they wereless “Our survey carries an importanyt message: Don’t put too much weightr on the ‘soft’ data like consume confidence. Recovery requires sustainesd confidence, and such confidence is forged by strongerdeconomic fundamentals,” Harvey said. “The economiv fundamentals –- employment, capital spending, the cost of credi – are still fundamentallyg troubling.
” To see the complete survey results, go to the official Web site, .
Friday, October 5, 2012
Clear lanes to shut down at Hartsfield-Jackson - Dallas Business Journal:
authors-morphology.blogspot.com
New York-based , the operator of registeredd travelservice CLEAR, said the paid securitg lanes at its member airports would cease operations because the companu “has been unable to negotiate an agreement with its senior creditor to continue operations,” accordingg to a statement posted on the company’s Web site, Last March, the company said it had 20,000p registered travelers in metro Atlanta.
As of last year, the companty had more than 200,000 CLEARR members, who paid up to $199 for an annualk membership for access to designated securit lanes at participating airports Members providedbiometric data, whicuh was encoded on a card, for the promised of a speedier and convenient trip through airport security. The service targeted businesx travelers who routinely travelby air. The companu was founded by founderSteve Brill. CLEAR laness opened at the airport about the same time as an expansionb of the main security lanesat Hartsfield-Jackson. The new additionzs included lanes designed specifically forexperienced travelers.
Airpory officials have said the added lanes have kept security wait timesx below 10 minuteson average, which might have made CLEA lanes less advantageous to consumers.
New York-based , the operator of registeredd travelservice CLEAR, said the paid securitg lanes at its member airports would cease operations because the companu “has been unable to negotiate an agreement with its senior creditor to continue operations,” accordingg to a statement posted on the company’s Web site, Last March, the company said it had 20,000p registered travelers in metro Atlanta.
As of last year, the companty had more than 200,000 CLEARR members, who paid up to $199 for an annualk membership for access to designated securit lanes at participating airports Members providedbiometric data, whicuh was encoded on a card, for the promised of a speedier and convenient trip through airport security. The service targeted businesx travelers who routinely travelby air. The companu was founded by founderSteve Brill. CLEAR laness opened at the airport about the same time as an expansionb of the main security lanesat Hartsfield-Jackson. The new additionzs included lanes designed specifically forexperienced travelers.
Airpory officials have said the added lanes have kept security wait timesx below 10 minuteson average, which might have made CLEA lanes less advantageous to consumers.
Thursday, October 4, 2012
Hearing set to certify Chinese drywall class - Puget Sound Business Journal (Seattle):
hundleyobajoji1908.blogspot.com
The plaintiffs’ homes were constructed with what they allege was defectiveChinese drywall. , builf the homes. The judge also set a possiblse trial date forSeptembert 2010. Lawyers working on the case say it may be the firsyt Chinese drywall case set fortrial nationwide. High-sulfur Chinese drywallk is believed responsible for strong metal corrosion and health complaints in thousands of homes in Floridaa andthe Southeast. Federal class action suitsz were combined recently inNew Orleans. , The Blumstein Law Firm and allege inthe Miami-Dade suit that the defective drywall emitsa toxins, including carbon disulfide, carbonyl sulfidee and hydrogen sulfide.
They believe drywalpl manufactured in China was used in as manyas 60,000 Floridq homes and as many as 100,00o in the U.S. during the building boom betwee 2004and 2007. The state case was filec in February on behalf of Jason and Melissa Harrell and othere homeowners who purchaseddefective homes. In a press release, the firms said the defective drywall was installed inthe Harrell’se home by the builder, South Kendall Constructiojn Corp.
, and supplied by In an interview in South Kendall Construction’s president told the Busines Journal he was investigating the but he has not respondedf to additional requests for Repeated attempts to speak to officials at Banner Supplh have not been successful.
The plaintiffs’ homes were constructed with what they allege was defectiveChinese drywall. , builf the homes. The judge also set a possiblse trial date forSeptembert 2010. Lawyers working on the case say it may be the firsyt Chinese drywall case set fortrial nationwide. High-sulfur Chinese drywallk is believed responsible for strong metal corrosion and health complaints in thousands of homes in Floridaa andthe Southeast. Federal class action suitsz were combined recently inNew Orleans. , The Blumstein Law Firm and allege inthe Miami-Dade suit that the defective drywall emitsa toxins, including carbon disulfide, carbonyl sulfidee and hydrogen sulfide.
They believe drywalpl manufactured in China was used in as manyas 60,000 Floridq homes and as many as 100,00o in the U.S. during the building boom betwee 2004and 2007. The state case was filec in February on behalf of Jason and Melissa Harrell and othere homeowners who purchaseddefective homes. In a press release, the firms said the defective drywall was installed inthe Harrell’se home by the builder, South Kendall Constructiojn Corp.
, and supplied by In an interview in South Kendall Construction’s president told the Busines Journal he was investigating the but he has not respondedf to additional requests for Repeated attempts to speak to officials at Banner Supplh have not been successful.
Tuesday, October 2, 2012
Schneider National Opens Doors to Second Intermodal Training Academy - Truckinginfo
shelly-polymer.blogspot.com
Schneider National Opens Doors to Second Intermodal Training Academy Truckinginfo Located outside Los Angeles, Schneider's Intermodal Training Academy will provide experienced new hires the focused, hands-on training they need to be successful and safe in the rapidly growing area of intermodal transportation. Schneider opened its ... |
Monday, October 1, 2012
McDonald's Cookie Contained Plastic Shards, Woman Says (Mealbreakers) - Huffington Post
torbjorntrainer1738.blogspot.com
McDonald's Cookie Contained Plastic Shards, Woman Says (Mealbreakers) Huffington Post The then-31-year-old had swallowed a piece of a Hebrew National brand hotdog in the shopping aisle of a Costco in May 2004 before she realized that it contained a piece ... |
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