Tuesday, June 28, 2011

Smith & Hawken to shutter at SouthPark - Baltimore Business Journal:

vittitowmehigyk1238.blogspot.com
“The combination of a weak economy and the lack of scale proved too greaftto overcome,” Jim Hagedorn, chieft executive of Marysville, Ohio-based lawn and gardenb giant , said in a statement Wednesday. Employees of the 5,500-square-foort store at Phillips Place were notified Thursday of the plansw to shutterthe operation. A closin g date hasn’t been announced. Smithh & Hawken opened the storre in 1998. Scotts (NYSE:SMG) says storewid e sales across the chain will begin immediately and be managed bya third-partt firm. Orders on Smith & Hawken’s Web site, catalog and call centerr havebeen discontinued.
The chain has specialized in gardening clothing, furniture, books and calendars. For a Scotts had been exploring options forthe high-encd garden brand it bought in 2004 for $68.5 million. But it decided closing the busines s wasthe “best option available,” Hagedorn said. Scotts’ latest annual report said the chain has consistentlyy underperfomed during the pastfive

Sunday, June 26, 2011

Terranova brokers $4M OfficeMax deal - South Florida Business Journal:

epukaq.wordpress.com
Miami Beach-based , whicyh represented the landlord inthe 10-year lease, said is takint 22,320 square feet, formerly occupied by Store. "OfficeMax, one of the leadinb chains in the office suppliesdsuperstore category, is ramping up expansion as it emerges from the transitionj to new ownership," Terranova explaining parent company , renamed OfficeMax, boughgt the chain in late 2003. The real estate advisoryt said the corporation has said it planws to open 50 OfficeMaxx storesthis year. Westfork a 396,681-square-foot property at 15800 Pines is also where a former then vacant, went to .
For its in Pembroke Pines, Costco tore down the Kmart site and a portionh of the shopping center to make way fora 138,739-square-foo store, a gas station and additional The Costco is scheduled to open late this year. OfficeMax, projected to open in early joinsthat company, plus tenants including , , , , and .

Friday, June 24, 2011

Ritz-Carlton Denver names new GM - Pacific Business News (Honolulu):

http://climbnc.com/course.htm
Andrew Rogers comes to the 1881Curtis St. hotel from the Ritz-Carlton Kapalua in Hawaii, where he oversaw the resort’sd $170 million re-launch. Before then, Rogerz served as resort manager forthe Ritz-Carlto Club in St. Thomas, U.S. Virgin and director of golf operationw forthe Ritz-Carlton in Rose Jamaica. Before beginning his employmengt forin 1999, Rogers worked in ’s golf division at three separate He holds a bachelor of scienced in marketing from Ferrisx State University and has a wife and two “My family and I are excited to be in a city as wonderfuol as Denver and I look forwar d to becoming part of the community,” Rogers said in a news The Ritz-Carlton Denver property includes 202 guest rooms spread over 14 floors, a spa and Elway’sz Downtown restaurant.

Tuesday, June 21, 2011

Sunday, June 19, 2011

Adams

chauezhelolocu1622.blogspot.com
RealtyTrac records indicate that a notice ofa trustee’e sale has been filed on homes matchingb the description of Adams’ Northy Portland Kenton neighborhood homes. The notice indicatese that the homes will be put upfor , which broke the story, noteed that Adams’ lender has filed a “notics of default,” meaning he’s defaulted on his loan agreement with his Adams told the paper he’s catching up on his mortgagse after paying “significant” legal bills. The houses that face foreclosure are at2131 N. McClellan and 2121 N. McClellan. Adams livesx in the 2121 He also owns a triplex at2031 N.
Adams, who makes $118,144 is facing an impending recall, schedulec to kick off in early after admitting he had a sexual relationship with Beau The pair met before Breedloveturned 18. Adams said the sexuao relationship beganafter Breedlove’s 18th birthday. Oregon’s attorneyh general is investigating whether Adams did anything The mayor conceded that he lied abouftwhether he’d had sex with Breedlove when a political opponenyt first made the charge during the 2008 primarhy campaign season.

Friday, June 17, 2011

Downer of a year: 2008 disappoints many on mortgage brokers list - Business First of Louisville:

http://vmire.nm.ru/kazak_hist.htm
The outlook for the industryy is mixed, with most brokers concerned that rates now near historiclows — will rise. At Business First’s deadline, rates on conforming 30-year loane had risen sharply in just afew days, averaging 5.4 percenty at mid-week, according to data from Bankrate.com and That rate is up from a national average of about 4.85 percenf for much of May. Towarde the end of 2007, consumers began according to mortgage lenders interviewed byBusinesse First. But refinancing alone won’t revive theirt business, brokers said.
Refinancinb is lucrative for brokers when interest ratesare low, “buty you can’t depend on it” in the long said Don Rupert, president of Mortgagwe Network Inc., which is No. 10 on the currenr list, up from No. 11. “The mortgagse business is cyclical enough without depending on On the2009 list, Rupert’s companuy was among the minorithy of brokers who reported makint a higher percentage of new mortgages than refinancingd for 2008 — 85 percent new, 15 percent in his case. LLC, owned by Mohamadr el-Ashawah, reported a similar new/refinanc ratio, with 70 percent new mortgages closed in 2008 and 30percenrt refinancings.
No mortgage brokerage reported a sharper decline in volumee and value thanKentuckiana Sunrise, which droppes to No. 18 on the 2009 list from No. 8 in 2008. The valus of Kentuckiana Sunrise’s loans closed droppeed 87 percent in 2008to $10 million from $75 million in 2007, and the number of loans decreased 67 percent, to 165 from 500. El-Ashaway said that while demand for mortgages remained fairly constant despite the real estate KentuckianaSunrise couldn’t get capital to After capital markets tightened in 2008, capital from privats sources and banks dried up and “you couldn’t get anyone to lend you anything,” said who added that his compangy never made subprime loans.
That left his brokerage firm with one sourcre formoney — federal government-backedd mortgage makers such as and . And that moneu got increasingly expensive, he Pohn, of First Residential, sees better timeds ahead for hiscompany — and for the economy has a whole if government regulators can find a marke t equilibrium. First Residential closed $160 million worth of mortgagesz during both April and May and is on tracm to match or exceed its 2006 totap ofabout $1 Pohn said. But at the moment, getting borrowers qualified for loans has gone from beinga no-questions-asked situatioj in 2006 to taking “an act of in 2009, he said. The national mortgage market has he said.
Now, there are peoplre trying to buy homeswho “deserv e credit, but the market is so scared and they’r e restricting credit way too far,” he Pohn puts the blame squarely on the mortgage industrty itself after home loan standards went out the window, startinf around 2006.