84 Madison teachers submitted fraudulent sick notes to protest, district says Madison.com The district said Friday that 84 teachers submitted fraudulent sick notes from doctors who were handing them out at the Capitol. Of those, 46 teachers rescinded their notes and received the same docked pay and "letter of expectation" as others who were ... |
Friday, April 29, 2011
84 Madison teachers submitted fraudulent sick notes to protest, district says - Madison.com
hegenefipa.blogspot.com
Wednesday, April 27, 2011
Willow Glen Books buyer keeps up hope - The Business Review (Albany):
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The long-time Willow Glen resident and businessmanhsaid he’s still attempting to secure financing to buy the 2,500-square-footg store at 1330 Lincoln Ave. in downtowb Willow Glen even after an earlier deal to do sofell “I could not find adequate financing,” Vierra said of a previouss attempt to strike a deal with formerf book store owner, Cathy Adkins. She decided to sell her 17-year-old shop a year earlier than originallh planned because of decreasing sales and havingh to grapple withhealth issues. But owner of Flooring a San Jose flooringconsulting firm, said he’ not giving up.
He’s still trying to securer a commercial bank loan or attracft the interestof “I am so close to my childhood dream of ownint a book store,” he said. “Thia is something I have always wantedto do. I have gotten great support from the bookselling community and the Willoqw Glen community is willing to supportga local, independent book store. It has a greagt reputation throughout SantaClara County.” Adkinx held a going-out-of-business sale and finallu closed its doors in late May, but said at the time she hopedf to pass the ownership batomn to Vierra.
But since then, the store has been closee anda “for lease” sign put up in its Vierra said the owner of the buildinyg is willing to be patient while he workd to get adequate financial backing to reopen the
The long-time Willow Glen resident and businessmanhsaid he’s still attempting to secure financing to buy the 2,500-square-footg store at 1330 Lincoln Ave. in downtowb Willow Glen even after an earlier deal to do sofell “I could not find adequate financing,” Vierra said of a previouss attempt to strike a deal with formerf book store owner, Cathy Adkins. She decided to sell her 17-year-old shop a year earlier than originallh planned because of decreasing sales and havingh to grapple withhealth issues. But owner of Flooring a San Jose flooringconsulting firm, said he’ not giving up.
He’s still trying to securer a commercial bank loan or attracft the interestof “I am so close to my childhood dream of ownint a book store,” he said. “Thia is something I have always wantedto do. I have gotten great support from the bookselling community and the Willoqw Glen community is willing to supportga local, independent book store. It has a greagt reputation throughout SantaClara County.” Adkinx held a going-out-of-business sale and finallu closed its doors in late May, but said at the time she hopedf to pass the ownership batomn to Vierra.
But since then, the store has been closee anda “for lease” sign put up in its Vierra said the owner of the buildinyg is willing to be patient while he workd to get adequate financial backing to reopen the
Sunday, April 24, 2011
Beaver Creek Candle Company now offering selections on Web - SalemNews.net
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Beaver Creek Candle Company now offering selections on Web SalemNews.net LISBON - Candle lovers who want to support local people with developmental disabilities can now purchase their favorite Beaver Creek Candle Company selections online at www.bccandle.com. The Web site kicked off live sales last week and starting May 1, ... |
Friday, April 22, 2011
Aryx Therapeutics reports $9.5 million loss in Q1 - Philadelphia Business Journal:
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million in the first quarter, compared with a loss of $5.1 milliohn a year ago. The Fremont company (NASDAQ: ARYX) broughtt in revenue of $1 million in the quarter endedc March, down slightly from $1.1 millionm in revenue last year in thefirsrt quarter. Aryx, led by Chairman and CEO Paul is developing a drug for gastrointestinal disorderds like chronic constipation anddyspepsia -- that drug is beint tested by . It's also got drugs in its pipelinre aimed at blood clots and atrial It hasan early-stage drug meanr as a schizophrenia treatment. The cost of developin these drugs and testing thempushed Aryx's R&D spending to $7.6 million during the up from $4.
5 million in the first quartetr of 2007. It spent $1.1 millionn more this quarter than in the same quarter last year on itsanticoagulantt drug, ATI-5923, which is due to start a Phase IIb triap next month. It also spent $1.2 millionb more in the most recent quarteron ATI-2042, its atriapl fibrillation drug, than in the same quarter last At quarter's end Aryx had $58.67 million in cash and near money. Goddard has been chairmaj since 2003 and CEOsince 2005. He sits on the boardxs of directorsat , and His salary this year is Last year his salary was $408,692 and his total compensatiohn for the year was $1.1 The company's accumulated deficit was $132.
2 millioh at the end of the Under a loan agreement with , Aryx borrowed an additionapl $9 million (the originap deal, from 2005, was for $10 million) in February. The deal lets the companyy pay only interest on the loan forsevehn months, then repay the rest over 36 Its total balance owed under this deal at quarter'xs end was $13.7 million. At quarter's end, Aryx also owed $787,00o0 on equipment loans from GE.
million in the first quarter, compared with a loss of $5.1 milliohn a year ago. The Fremont company (NASDAQ: ARYX) broughtt in revenue of $1 million in the quarter endedc March, down slightly from $1.1 millionm in revenue last year in thefirsrt quarter. Aryx, led by Chairman and CEO Paul is developing a drug for gastrointestinal disorderds like chronic constipation anddyspepsia -- that drug is beint tested by . It's also got drugs in its pipelinre aimed at blood clots and atrial It hasan early-stage drug meanr as a schizophrenia treatment. The cost of developin these drugs and testing thempushed Aryx's R&D spending to $7.6 million during the up from $4.
5 million in the first quartetr of 2007. It spent $1.1 millionn more this quarter than in the same quarter last year on itsanticoagulantt drug, ATI-5923, which is due to start a Phase IIb triap next month. It also spent $1.2 millionb more in the most recent quarteron ATI-2042, its atriapl fibrillation drug, than in the same quarter last At quarter's end Aryx had $58.67 million in cash and near money. Goddard has been chairmaj since 2003 and CEOsince 2005. He sits on the boardxs of directorsat , and His salary this year is Last year his salary was $408,692 and his total compensatiohn for the year was $1.1 The company's accumulated deficit was $132.
2 millioh at the end of the Under a loan agreement with , Aryx borrowed an additionapl $9 million (the originap deal, from 2005, was for $10 million) in February. The deal lets the companyy pay only interest on the loan forsevehn months, then repay the rest over 36 Its total balance owed under this deal at quarter'xs end was $13.7 million. At quarter's end, Aryx also owed $787,00o0 on equipment loans from GE.
Wednesday, April 20, 2011
St. John Properties takes over Opus East business park at Aberdeen Proving Ground - Houston Business Journal:
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U.S. Army officials workerd feverishly over the past week topull St. John Propertiese into the fold, fearful the project woul d come to a halt if Opus East filed for bankruptcy protection before an arrangement coulfbe struck, company spokesman Gerard J. Wit said in a telephone intervieww Tuesday. “It was a real round-the-clock, week-lon g effort to get this Wit said. “We’re going to get in and try to kick-stargt this right away.” Aberdeenb is gearing up for a significanrt influx of military jobs underthe Pentagon’s Base Realignmentr and Closure plan, expected to be completer by September 2011.
About 8,200 militarty jobs will be transferred to the in addition to as manyas 18,000 private contracting jobs from companiexs that do business with the incoming military The approved Opus East's selectiob of St. John Properties to take over the Governmenyt and Technology Enterprise business park because of theBaltimore developer’ s ability to move forward with new Bob Penn, program director with the Army said in a statement. As in takingf over the project, including (NYSE: OFC) and Manekin LLC.
Opus East was awardec rights to developthe government-owned land under a leasr with the Army in November 2007 and brokde ground on its firsgt building in December of that Since then, the company became straddled with millionsd of dollars in construction loans it has been unable to and the company has not startedc any new construction at the project for more than a The deal was inked June 19 betweenn Opus East, St. John Properties, with the backing of the Army. St. John and the Army Corps of Engineers issued statements Tuesdaty announcingthe deal. Wit said St. John will pay Opus East an undisclosed amount of money for its development rights at In connection withthe deal, St.
John has hiredx Opus East project manager Matthew Holbrooik to oversee the GATE project as its directod of defense andgovernment business. “Aberdeen Proving Ground is excited about moving the projectt forwardwith St. John Properties,” Tim McNamara, APG deputy garrisom commander, said in a statement. “We consider it a positive step to have their experienced management team spearheadinbgthe build-out of this As the to help it conside options including bankruptcy. Its parent company, , has also sought bankruptcyg protectionfor it’s Opus South subsidiary and for two more subsidiariee of its Opus West regional operation.
Opus spokeswoman Winston Hewett said Opus East is stillp evaluating its options but has not made any decisionabout bankruptcy. The company was forced to relinquish its rights to the Aberdeen projecy because it has been unable to finance morethan $50 million in construction loans it took out to financer its projects. Most pressing amonvg those debtsis $35 million the developer speng to build a new headquarters for the Nationa Oceanic and Atmospheric Administration in College Park, for whic h it has sued the federal government to collect its wage s on that project, Hewetty said. St.
John plans to break ground in the next two monthsa on at least three new buildings at the Harfored Countymilitary base, with commitments from defenswe contractors for up to 300,000 square feet of office, research and development Wit said. Wit did not disclose the namex of any of those Those buildings would be in additio toa 60,000-square-foot building Opus East completecd in December 2008 for defense contractor CACI. “Ws view this development as the most significant commercialp real estate opportunity in the history ofour St. John President Edwarcd A. St. John said in a statement.
“Thiws is based on the amounty of square footage that can eventually be developedc as well as the important work that will be completedxby end-users that occupy this space.” St. John Properties is the third-largesty property management firm inGreater Baltimore, with nearlyu 11 million square feet of commercial space in the But taking over the Aberdeen project represents a shifty for the company, which has sought to tap into the demand for government contracting space up until now. Wit said the compang has also sought in the past to buy land for its own rather than to lease property from the governmenyt such asat Aberdeen.
Opus East preliminarilyy received commitments from firms seeking spaces atits 413-acre Governmentg and Technology Enterprise business park but did not startf any additional construction. The developetr was unwilling to divide any of its buildingsinto multi-tenantec space, Wit said, preferring instead to construcrt buildings for a single tenant. That’s createdd a pent-up demand for companies seekingfrom 5,00 square feet to upward of 20,000 squar feet, Wit said. “Fof all the hoopla that BRAC has brought, there’e really only one buildinhg that Opus was able to Wit said.
“If you don’t have the placw to park those people, if you don’t have the buildings to put them in, there was going to be a real logistical
U.S. Army officials workerd feverishly over the past week topull St. John Propertiese into the fold, fearful the project woul d come to a halt if Opus East filed for bankruptcy protection before an arrangement coulfbe struck, company spokesman Gerard J. Wit said in a telephone intervieww Tuesday. “It was a real round-the-clock, week-lon g effort to get this Wit said. “We’re going to get in and try to kick-stargt this right away.” Aberdeenb is gearing up for a significanrt influx of military jobs underthe Pentagon’s Base Realignmentr and Closure plan, expected to be completer by September 2011.
About 8,200 militarty jobs will be transferred to the in addition to as manyas 18,000 private contracting jobs from companiexs that do business with the incoming military The approved Opus East's selectiob of St. John Properties to take over the Governmenyt and Technology Enterprise business park because of theBaltimore developer’ s ability to move forward with new Bob Penn, program director with the Army said in a statement. As in takingf over the project, including (NYSE: OFC) and Manekin LLC.
Opus East was awardec rights to developthe government-owned land under a leasr with the Army in November 2007 and brokde ground on its firsgt building in December of that Since then, the company became straddled with millionsd of dollars in construction loans it has been unable to and the company has not startedc any new construction at the project for more than a The deal was inked June 19 betweenn Opus East, St. John Properties, with the backing of the Army. St. John and the Army Corps of Engineers issued statements Tuesdaty announcingthe deal. Wit said St. John will pay Opus East an undisclosed amount of money for its development rights at In connection withthe deal, St.
John has hiredx Opus East project manager Matthew Holbrooik to oversee the GATE project as its directod of defense andgovernment business. “Aberdeen Proving Ground is excited about moving the projectt forwardwith St. John Properties,” Tim McNamara, APG deputy garrisom commander, said in a statement. “We consider it a positive step to have their experienced management team spearheadinbgthe build-out of this As the to help it conside options including bankruptcy. Its parent company, , has also sought bankruptcyg protectionfor it’s Opus South subsidiary and for two more subsidiariee of its Opus West regional operation.
Opus spokeswoman Winston Hewett said Opus East is stillp evaluating its options but has not made any decisionabout bankruptcy. The company was forced to relinquish its rights to the Aberdeen projecy because it has been unable to finance morethan $50 million in construction loans it took out to financer its projects. Most pressing amonvg those debtsis $35 million the developer speng to build a new headquarters for the Nationa Oceanic and Atmospheric Administration in College Park, for whic h it has sued the federal government to collect its wage s on that project, Hewetty said. St.
John plans to break ground in the next two monthsa on at least three new buildings at the Harfored Countymilitary base, with commitments from defenswe contractors for up to 300,000 square feet of office, research and development Wit said. Wit did not disclose the namex of any of those Those buildings would be in additio toa 60,000-square-foot building Opus East completecd in December 2008 for defense contractor CACI. “Ws view this development as the most significant commercialp real estate opportunity in the history ofour St. John President Edwarcd A. St. John said in a statement.
“Thiws is based on the amounty of square footage that can eventually be developedc as well as the important work that will be completedxby end-users that occupy this space.” St. John Properties is the third-largesty property management firm inGreater Baltimore, with nearlyu 11 million square feet of commercial space in the But taking over the Aberdeen project represents a shifty for the company, which has sought to tap into the demand for government contracting space up until now. Wit said the compang has also sought in the past to buy land for its own rather than to lease property from the governmenyt such asat Aberdeen.
Opus East preliminarilyy received commitments from firms seeking spaces atits 413-acre Governmentg and Technology Enterprise business park but did not startf any additional construction. The developetr was unwilling to divide any of its buildingsinto multi-tenantec space, Wit said, preferring instead to construcrt buildings for a single tenant. That’s createdd a pent-up demand for companies seekingfrom 5,00 square feet to upward of 20,000 squar feet, Wit said. “Fof all the hoopla that BRAC has brought, there’e really only one buildinhg that Opus was able to Wit said.
“If you don’t have the placw to park those people, if you don’t have the buildings to put them in, there was going to be a real logistical
Monday, April 18, 2011
Mark Steensland Talks The Weeping Woman and Tengu - Dread Central
http://yjanebixe.wordpress.com
Dread Central | Mark Steensland Talks The Weeping Woman and Tengu Dread Central By dougevil Filmmaker Mark Steensland has been in our newsfeed quite a bit recently. Between the world premiere of his short film The Weeping Woman this weekend at Motor City Nightmares and the news that he had just acquired the rights to the novel ... |
Friday, April 15, 2011
Romani Group to help find options for Denver
valvookimakaj1362.blogspot.com
The group, led by Tim Romani, will work with longtimw real estate developer Ray Baker of Gold Crown Management onthe St. Anthon project. The current site is adjacenf to Sloan’s Lake and bordered by Colfaxx Avenue, Stuart Street, 17th Avenue and Perry Street. Startinv next year, the hospital will begin the process of moving from itscurrent 16-acre site — where it has been located for almosg 100 years — to a 25-acre parcel in Lakewood’s Federal Center near Kipling and Sixth St. Anthony plans to open a new orthopedic-surgerh hospital at its Lakewood grounds in Augustr 2010 and a new hospital to replace the Denver facilityh infall 2011.
Romani said the group will take at abouft two years to evaluate thecurrent St. Anthony property and work with the community beforse taking requests for proposals from developerse and decide what uses will best servrethe property, the hospital and the He added that the site’s proximity to Sloan’ds Lake Park and its scenif views of downtown Denver and the mountain rangee make it an attractive property for mixed-uses development that is heavy on residential but would include a larger commercial complex as well as some office “It’s a fair assumptiob that much of the existinb facility will be demolished,” Romani said.
He declined to estimatew how much the propertywas worth. Romanik managed a similar proces s while serving as the vice chancellor of planninvg and development forthe . The university’s former medical campus on Colorado Boulevarrd at Ninth Avenue was sold to Shea Properties aftedr the hospital relocated to its new home at the Anschutz Medicak Campusin Aurora. Other Romani Group projecta include the renovation of BoettcheerConcert Hall, the Colorado Convention Centerr expansion project, the Pepsi Center, Invesco Field at Mile Dick’s Sporting Goods Park and Broomfields Event Center.
The group is also collaborating on a jointt venture to oversee the development of the future home ofin
The group, led by Tim Romani, will work with longtimw real estate developer Ray Baker of Gold Crown Management onthe St. Anthon project. The current site is adjacenf to Sloan’s Lake and bordered by Colfaxx Avenue, Stuart Street, 17th Avenue and Perry Street. Startinv next year, the hospital will begin the process of moving from itscurrent 16-acre site — where it has been located for almosg 100 years — to a 25-acre parcel in Lakewood’s Federal Center near Kipling and Sixth St. Anthony plans to open a new orthopedic-surgerh hospital at its Lakewood grounds in Augustr 2010 and a new hospital to replace the Denver facilityh infall 2011.
Romani said the group will take at abouft two years to evaluate thecurrent St. Anthony property and work with the community beforse taking requests for proposals from developerse and decide what uses will best servrethe property, the hospital and the He added that the site’s proximity to Sloan’ds Lake Park and its scenif views of downtown Denver and the mountain rangee make it an attractive property for mixed-uses development that is heavy on residential but would include a larger commercial complex as well as some office “It’s a fair assumptiob that much of the existinb facility will be demolished,” Romani said.
He declined to estimatew how much the propertywas worth. Romanik managed a similar proces s while serving as the vice chancellor of planninvg and development forthe . The university’s former medical campus on Colorado Boulevarrd at Ninth Avenue was sold to Shea Properties aftedr the hospital relocated to its new home at the Anschutz Medicak Campusin Aurora. Other Romani Group projecta include the renovation of BoettcheerConcert Hall, the Colorado Convention Centerr expansion project, the Pepsi Center, Invesco Field at Mile Dick’s Sporting Goods Park and Broomfields Event Center.
The group is also collaborating on a jointt venture to oversee the development of the future home ofin
Wednesday, April 13, 2011
D.C. area office vacancies reach 12.3% - Denver Business Journal:
http://homemaestry.wordpress.com/2011/04/08/glass-dressing/
The commercial real estat services firm says theWashington region’s office vacancy rate has now reached 12.3 Lease losses in the last three quarterz meant “virtually negating any growth in net demand we had in said Kevin Thorpe, director of market researcj for Cassidy & Pinkard Colliers. “There are flickering signs that the locall economy may be reaching an inflection pointy where conditions should begimto improve, but the commerciap industry still has a ways to go before demans returns in a meaningful way.” In net absorption was negative 230,900 squar e feet, pushing D.C.’s vacancy rate to 9.6 percent.
In Northermn Virginia, net absorption was negative 666,700p square feet. Northern Virginia’s second quarter officed vacancy rate climbedto 13.6 percent. Suburban Maryland’w office vacancy rate was 14 percent, with a positived net absorption rateof 171,500 squarer feet in the seconde quarter. Thorpe predicts the growth in federal government will lead to an increase in demand for office but says the Washington area has more new space delivering over the next two yearz than any other market inthe country. As a result, “w are entering into a period of steaduyrent declines,” he said.
The commercial real estat services firm says theWashington region’s office vacancy rate has now reached 12.3 Lease losses in the last three quarterz meant “virtually negating any growth in net demand we had in said Kevin Thorpe, director of market researcj for Cassidy & Pinkard Colliers. “There are flickering signs that the locall economy may be reaching an inflection pointy where conditions should begimto improve, but the commerciap industry still has a ways to go before demans returns in a meaningful way.” In net absorption was negative 230,900 squar e feet, pushing D.C.’s vacancy rate to 9.6 percent.
In Northermn Virginia, net absorption was negative 666,700p square feet. Northern Virginia’s second quarter officed vacancy rate climbedto 13.6 percent. Suburban Maryland’w office vacancy rate was 14 percent, with a positived net absorption rateof 171,500 squarer feet in the seconde quarter. Thorpe predicts the growth in federal government will lead to an increase in demand for office but says the Washington area has more new space delivering over the next two yearz than any other market inthe country. As a result, “w are entering into a period of steaduyrent declines,” he said.
Monday, April 11, 2011
Intel introduces new chip aimed at tablets - Reuters
http://master-view.livejournal.com/#post-master_view-5626
Reuters | Intel introduces new chip aimed at tablets Reuters Intel workers hold up cameras as US President Barack Obama shakes hands after speaking at Intel Corporation's semiconductor manufacturing facility in Hillsboro, Oregon February 18, 2011. SAN FRANCISCO (Reuters) - Intel Corp introduced a processor for ... Intel introduces new chip aimed at tablets Intel launches Atom chipset aimed at tablet market Intel does fondleslabs with Atom 'Oak Trail' |
Saturday, April 9, 2011
DineEquity finishes sale-leaseback of 181 Applebee's locations - Dallas Business Journal:
http://remodeling-guru.livejournal.com/#post-remodeling_guru-5592
In a release Tuesday, DineEquity (NYSE: based in Glendale, Calif., said the sale-leaseback enablex it to reduce its fundefd debtby $303 million. DineEquity entered into the sale-leasebacm with an entity that is majoritu owned by affiliatesof , and . Drawbridge funds are affiliatessof (NYSE: FIG). IHOP said May 20 that it had reached an agreement fora $347 million sale-leaseback of 187 company-owned restaurant real estate parcels. In Tuesday's DineEquity said that six restaurant properties were excluded from the transaction "due to technical reasons" and that the company expectx to sell those properties at some point.
Those technica l reasons included zoning issuesthat weren't acceptable to the buyers and couled have included property defects and issue s involving permits, DineEquity spokeswoman Stacy Roughan said in an DineEquity had previously announced two othert sources of cash for debt payment, she The sale-leaseback of Applebee's Lenexa headquarters, whicuh would yield about $40 million in cash, and the sale of 26 restaurants in Southern California. DineEquitu plans to give an update on thoswe two transactionsby week's end, Roughaj said. IHOP bought for $2.04 billion on Nov. 29. The sale of Applebee'ss real estate and franchisingof company-operated restaurants were to help finance the purchase.
In a release Tuesday, DineEquity (NYSE: based in Glendale, Calif., said the sale-leaseback enablex it to reduce its fundefd debtby $303 million. DineEquity entered into the sale-leasebacm with an entity that is majoritu owned by affiliatesof , and . Drawbridge funds are affiliatessof (NYSE: FIG). IHOP said May 20 that it had reached an agreement fora $347 million sale-leaseback of 187 company-owned restaurant real estate parcels. In Tuesday's DineEquity said that six restaurant properties were excluded from the transaction "due to technical reasons" and that the company expectx to sell those properties at some point.
Those technica l reasons included zoning issuesthat weren't acceptable to the buyers and couled have included property defects and issue s involving permits, DineEquity spokeswoman Stacy Roughan said in an DineEquity had previously announced two othert sources of cash for debt payment, she The sale-leaseback of Applebee's Lenexa headquarters, whicuh would yield about $40 million in cash, and the sale of 26 restaurants in Southern California. DineEquitu plans to give an update on thoswe two transactionsby week's end, Roughaj said. IHOP bought for $2.04 billion on Nov. 29. The sale of Applebee'ss real estate and franchisingof company-operated restaurants were to help finance the purchase.
Thursday, April 7, 2011
Century III on "Endangered Malls" list - Business First of Buffalo:
metal doors
The magazine has published a list of the top ten most endangerede malls inthe country, measurinfg them by their occupancy rates and by sales per square U.S. News & World Reportt established its rankings through the researchg of GreenStreet Advisors, a Newporf Beach, Calif.-based investment research firm that specializew in real estate companies that are publiclty traded. According to the the average mall maintained occupancy of 92 percenyt and generated sales ofabout $420 per squarew foot. Without hard data provided by the mall’s owner, Indianapolis-basede Simon Property Group, U.S.
News World Report quotes Green Street’a estimate for Century III Mall’x sales per square foot at $200, a figures well below the $250 benchmark it claimz is required for retailers to be The magazine quotesCentury III’s occupancy at 70 "It is our policy not to release our occupancg and sales numbers for individual properties," a Simon representativwe said in a emailed statement.
"Century III enjoys a great anchord line upincluding Sears, JCPenney, Macy'xs and Dick's Sporting Goodse and has a number of great specialty Century III Mall has always been extremelu active in the Pittsburgh area by sponsorinh community-based events for such organizations as the Central Blood Bank and Projecrt Prom. The mall plans on continuing to holdnumerous community-based eventsd now and in the Century III is one of three Pennsylvaniza malls on the list. The other two were Washington Crowm Center, the region’s 14th largest mall in Washington, Pa.
, and the Chambersbury Mall, located in Franklin County, in the south central part of the Lisa Pellicciotta, a spokeswoman for Philadelphia-base d PREIT, expressed her company's commitmenyt to its Washington County shoppingy mall. "We still focuxs on being a community partner and hosting communityu events atthe center," she said. "We’re still doinh what we can to drive traffi andsales there.
"
The magazine has published a list of the top ten most endangerede malls inthe country, measurinfg them by their occupancy rates and by sales per square U.S. News & World Reportt established its rankings through the researchg of GreenStreet Advisors, a Newporf Beach, Calif.-based investment research firm that specializew in real estate companies that are publiclty traded. According to the the average mall maintained occupancy of 92 percenyt and generated sales ofabout $420 per squarew foot. Without hard data provided by the mall’s owner, Indianapolis-basede Simon Property Group, U.S.
News World Report quotes Green Street’a estimate for Century III Mall’x sales per square foot at $200, a figures well below the $250 benchmark it claimz is required for retailers to be The magazine quotesCentury III’s occupancy at 70 "It is our policy not to release our occupancg and sales numbers for individual properties," a Simon representativwe said in a emailed statement.
"Century III enjoys a great anchord line upincluding Sears, JCPenney, Macy'xs and Dick's Sporting Goodse and has a number of great specialty Century III Mall has always been extremelu active in the Pittsburgh area by sponsorinh community-based events for such organizations as the Central Blood Bank and Projecrt Prom. The mall plans on continuing to holdnumerous community-based eventsd now and in the Century III is one of three Pennsylvaniza malls on the list. The other two were Washington Crowm Center, the region’s 14th largest mall in Washington, Pa.
, and the Chambersbury Mall, located in Franklin County, in the south central part of the Lisa Pellicciotta, a spokeswoman for Philadelphia-base d PREIT, expressed her company's commitmenyt to its Washington County shoppingy mall. "We still focuxs on being a community partner and hosting communityu events atthe center," she said. "We’re still doinh what we can to drive traffi andsales there.
"
Wednesday, April 6, 2011
Funds partner on business parks - Houston Business Journal:
grearqakususi1426.blogspot.com
An affiliate formed by Houston-based ProTerra and Stratford Co. is moving forward with a proposed projec called West TenBusiness Park. The 463 acresx assembled by the partnership in Katy contains the same site of a similard project previously under consideration by theWolff Cos. ProTerraa and Stratford also jointly acquiredd nearly 880 acres in Baytownb for a largeindustrial project. is also involved in the deal (see While both funds focus onland investments, Stratford bringsx more financial resources to the table. The Dallas companyh is spending money froma $400 milliomn investment fund, with as the largestt institutional investor.
ProTerra has raiseed $35 million from individuap investors since the fund was launched nearlyg two years ago by John his son Joe Moody and Jim The fund still has 60 percent availablwefor investment. Stratford does not typicallyu co-invest on deals, but made an exceptiomn for ProTerra. “I think a lot of John says Kevin Watson, Stratford’s director of investment in “His business philosophy and his approacjh to people and the business are very similar to The two principals were brought together by Mark Gibsoj of Holliday FenoglioFowler LP, who helpes set up Stratford’s investment fund and was familiae with Moody’s fund.
The resultt was a partnership that has produced two and is expected to generate more transactionws inthe future. The first orderr of business for Pro-Terra and Stratford is developmentr of West TenBusiness Park. The deed-restricteed business park will occupy 463 acres on the northh side ofInterstate 10, about halfway between FM 1463 and Pedersoh Road. A big chunk of the acreag was formerly controlled by David the developer behind the Park10 (see “Wolffv roaming east to Katy,” Nov. 16, David Hightower, executive vice president for Wolfft Cos.
, says the firm passed on the propertyu becauseit wasn’t suited for immediate vertical development, somethint Wolff looks for when launching a project. “Wse worked real hard on it,” says Hightower. “Itt became apparent that it wasn’t going to fit in with our businesss model.” Wolff had purchased 54 acres from ownetJohn Beeson, and declined to exercise an optionh for Beeson’s other 272 acres. ProTerra and Stratford took titlre to the 326 acres amonthu ago, buying out Wolffg and Beeson. Terms of the dealss were not released. “It is the best tracy of land outthere that’s not being developed,” says Beeson of Beesom Properties.
The property is adjacent to 137 acres ProTerrw acquired inMarch 2008. That land has been flipped into theStratforx partnership, giving the owners a total of 463 acres for West Ten. Stratforcd is the majority owner with a 64 percent staker inthe deal. The owners will bring water and sewere tothe property. They are also working with the City of Katy and the to construc Cane Island Parkway throughthe site, and exit ramps from
An affiliate formed by Houston-based ProTerra and Stratford Co. is moving forward with a proposed projec called West TenBusiness Park. The 463 acresx assembled by the partnership in Katy contains the same site of a similard project previously under consideration by theWolff Cos. ProTerraa and Stratford also jointly acquiredd nearly 880 acres in Baytownb for a largeindustrial project. is also involved in the deal (see While both funds focus onland investments, Stratford bringsx more financial resources to the table. The Dallas companyh is spending money froma $400 milliomn investment fund, with as the largestt institutional investor.
ProTerra has raiseed $35 million from individuap investors since the fund was launched nearlyg two years ago by John his son Joe Moody and Jim The fund still has 60 percent availablwefor investment. Stratford does not typicallyu co-invest on deals, but made an exceptiomn for ProTerra. “I think a lot of John says Kevin Watson, Stratford’s director of investment in “His business philosophy and his approacjh to people and the business are very similar to The two principals were brought together by Mark Gibsoj of Holliday FenoglioFowler LP, who helpes set up Stratford’s investment fund and was familiae with Moody’s fund.
The resultt was a partnership that has produced two and is expected to generate more transactionws inthe future. The first orderr of business for Pro-Terra and Stratford is developmentr of West TenBusiness Park. The deed-restricteed business park will occupy 463 acres on the northh side ofInterstate 10, about halfway between FM 1463 and Pedersoh Road. A big chunk of the acreag was formerly controlled by David the developer behind the Park10 (see “Wolffv roaming east to Katy,” Nov. 16, David Hightower, executive vice president for Wolfft Cos.
, says the firm passed on the propertyu becauseit wasn’t suited for immediate vertical development, somethint Wolff looks for when launching a project. “Wse worked real hard on it,” says Hightower. “Itt became apparent that it wasn’t going to fit in with our businesss model.” Wolff had purchased 54 acres from ownetJohn Beeson, and declined to exercise an optionh for Beeson’s other 272 acres. ProTerra and Stratford took titlre to the 326 acres amonthu ago, buying out Wolffg and Beeson. Terms of the dealss were not released. “It is the best tracy of land outthere that’s not being developed,” says Beeson of Beesom Properties.
The property is adjacent to 137 acres ProTerrw acquired inMarch 2008. That land has been flipped into theStratforx partnership, giving the owners a total of 463 acres for West Ten. Stratforcd is the majority owner with a 64 percent staker inthe deal. The owners will bring water and sewere tothe property. They are also working with the City of Katy and the to construc Cane Island Parkway throughthe site, and exit ramps from
Monday, April 4, 2011
Delta to cut capacity, may cut more staff - Orlando Business Journal:
http://www.officesdepot.ca/user_detail.php?u=trownvoft
In June 11 memo to Delta's 70,00o employees, CEO Richard Anderson and President Ed Bastiamn said passenger revenues dropped 20 percent in the first four month sof 2009, compared with the same periodd in 2008. The falling revenues will overtake the morethan $6 billiom in total benefits Delta expected this year from lowedr year-over-year fuel prices, benefitx from the merger with Northwest and capacity Therefore, the Atlanta-based carrier will reducew its system capacity by 10 percent compared to 2008 starting in It also will cut international capacity by an additional 5 percent from what it announced in for a 15 percent total reductionn in international capacity.
The capacity cuts were predicted by some including , which beyond previously announced cuts as passengerr revenue continued to Boyd predicted Delta would be forcexd to slash flights in addition to the 10 percentf in international capacity cuts planned for September. Theswe cuts include suspending nonstop service from Atlanta to Seoul and Shanghai and instead routing customersx for these flights over Detroitor Tokyo, or on nonstopp SkyTeam partner flights. And it includes reducingy weekly frequencies connecting Atlanta toMexicoi City. Delta is the thirrd busiest carrier at OrlandoInternational Airport, with 3.94 million passengerz served in 2008.
Northwest is the ninth largest carriedr atthe airport, with 1.74 million passengersa served. Had the two airlines been combined in onlySouthwest (NYSE: LUV) with 7.68 milliohn passengers served would have had a greater market share at the airport. The memo also noted jobs cuts could be onthe “The additional capacity reductions mean we again must reassess staffing needs,” the memo said. “While the challenges of the current environmentg preclude us from making our goal remains to avoid any involuntaryu furloughs of frontline Delta (NYSE: DAL) has alreadty cut its workforce 6.
6 percent since February 2008 from 48,500 full-times equivalent workers to 45,300, accordinf recent data from the Bureauy of Transportation Statistics.
In June 11 memo to Delta's 70,00o employees, CEO Richard Anderson and President Ed Bastiamn said passenger revenues dropped 20 percent in the first four month sof 2009, compared with the same periodd in 2008. The falling revenues will overtake the morethan $6 billiom in total benefits Delta expected this year from lowedr year-over-year fuel prices, benefitx from the merger with Northwest and capacity Therefore, the Atlanta-based carrier will reducew its system capacity by 10 percent compared to 2008 starting in It also will cut international capacity by an additional 5 percent from what it announced in for a 15 percent total reductionn in international capacity.
The capacity cuts were predicted by some including , which beyond previously announced cuts as passengerr revenue continued to Boyd predicted Delta would be forcexd to slash flights in addition to the 10 percentf in international capacity cuts planned for September. Theswe cuts include suspending nonstop service from Atlanta to Seoul and Shanghai and instead routing customersx for these flights over Detroitor Tokyo, or on nonstopp SkyTeam partner flights. And it includes reducingy weekly frequencies connecting Atlanta toMexicoi City. Delta is the thirrd busiest carrier at OrlandoInternational Airport, with 3.94 million passengerz served in 2008.
Northwest is the ninth largest carriedr atthe airport, with 1.74 million passengersa served. Had the two airlines been combined in onlySouthwest (NYSE: LUV) with 7.68 milliohn passengers served would have had a greater market share at the airport. The memo also noted jobs cuts could be onthe “The additional capacity reductions mean we again must reassess staffing needs,” the memo said. “While the challenges of the current environmentg preclude us from making our goal remains to avoid any involuntaryu furloughs of frontline Delta (NYSE: DAL) has alreadty cut its workforce 6.
6 percent since February 2008 from 48,500 full-times equivalent workers to 45,300, accordinf recent data from the Bureauy of Transportation Statistics.
Saturday, April 2, 2011
Memphis Business Journal:
http://www.truckings.ca/user_detail.php?u=lolveboli
Q&A: Hometown: Education: Bachelor
Q&A: Hometown: Education: Bachelor
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