antoninahubihe.blogspot.com
Of the 320 screeners at 110 have joined the NTEUso far, accordinvg to the union. The also chartered a new locall at Lambert earlier this year torepresengt screeners, who do not have collective bargainingy rights. The government’s two largesft unions are vying to represent airportr screeners nationwide and pushing for them to get collectiverbargaining rights. Former Transportation Secretary Norman Minet a did not give TSA screenerws collective bargaining rights when the agencty was created in 2001 afterthe 9/11 terroris t attacks because he felt it couls hinder the response to emergencies when managers would have to reassign according to the Federal Times.
The AFGE represents 10,000p screeners at 32 locals nationwide. NTEU represents 2,70 0 transportation security officers in 14 chapter at 15airports nationwide, including Florida and Texas, New York, Orange County, Calif.; Memphis, Tenn.; Ohio; and Philadelphia.
Friday, September 30, 2011
Wednesday, September 28, 2011
Hollman adds space, expects to hire 150 - Dallas Business Journal:
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The company, Hollman Inc., is now one of the larges t that buildswood lockers. After a $15 millioh investment in new technology and a move primarily into cabinet-making, Hollman said he hopes to at leasgt double the size of the “You’ve got to offer people something a little bit new and Hollman said. “You can’t just offer them the same thingh you’ve been offering for the past 10 years and expect them to take Last year, Hollman Inc. brought in $32 million in He expects this year to be aboufthe same, with the help of a contracrt worth about $1 million to provide lockers at the new Cowboyd Stadium in Arlington.
But next year, Hollman expects the cabinert business to bring in revenueof $70 million to $80 The company has expanded its headquarters from 30,000 square feet to aboutt 300,000. Currently, Hollman Inc. has about 150 In two years, Hollman plans to emplou at least 300. Hollman Inc. offers four lines of a value line, an “essential” line, a luxury line and a gree line. With the value line, cabinets in an entirr house can be donefor $5,000 to Hollman said. Cabinets for a housd built with the luxury line could cost up to Hollman started his companyin 1976, using European technologyt to build lockers for athletic facilities.
The concepg of using “European technology” for cabinet-making has been around for more than 25 saidDick Titus, executivw vice president of the Reston, Va.-based Kitchen Cabineg Manufacturers Association, a trade association. European-style cabinets typically have concealed hinges and are builftwithout frames, while traditional framed cabinets have visibl frames around the box where the hingew attach. “Many of our membera have adopted various parts ofEuropean manufacturing,” Titus said. “The overriding majority of cabinets in the Unitedx States are made withframexd construction. European is well underr 50% of the total U.S. market.
” Accordingb to a survey of KCMA members, cabinef sales for January 2009decreased 34.2% compared to sales for Januarh 2008.
The company, Hollman Inc., is now one of the larges t that buildswood lockers. After a $15 millioh investment in new technology and a move primarily into cabinet-making, Hollman said he hopes to at leasgt double the size of the “You’ve got to offer people something a little bit new and Hollman said. “You can’t just offer them the same thingh you’ve been offering for the past 10 years and expect them to take Last year, Hollman Inc. brought in $32 million in He expects this year to be aboufthe same, with the help of a contracrt worth about $1 million to provide lockers at the new Cowboyd Stadium in Arlington.
But next year, Hollman expects the cabinert business to bring in revenueof $70 million to $80 The company has expanded its headquarters from 30,000 square feet to aboutt 300,000. Currently, Hollman Inc. has about 150 In two years, Hollman plans to emplou at least 300. Hollman Inc. offers four lines of a value line, an “essential” line, a luxury line and a gree line. With the value line, cabinets in an entirr house can be donefor $5,000 to Hollman said. Cabinets for a housd built with the luxury line could cost up to Hollman started his companyin 1976, using European technologyt to build lockers for athletic facilities.
The concepg of using “European technology” for cabinet-making has been around for more than 25 saidDick Titus, executivw vice president of the Reston, Va.-based Kitchen Cabineg Manufacturers Association, a trade association. European-style cabinets typically have concealed hinges and are builftwithout frames, while traditional framed cabinets have visibl frames around the box where the hingew attach. “Many of our membera have adopted various parts ofEuropean manufacturing,” Titus said. “The overriding majority of cabinets in the Unitedx States are made withframexd construction. European is well underr 50% of the total U.S. market.
” Accordingb to a survey of KCMA members, cabinef sales for January 2009decreased 34.2% compared to sales for Januarh 2008.
Sunday, September 25, 2011
Tucker woman gets jail time for embezzling - Atlanta Business Chronicle:
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was sentenced Wednesday to 18 months in federakl prison for embezzling morethan $139,000 from a charitablre organization where she was assistant treasurer. She has repaid $10,0090 of the embezzled amount and also was ordered to pay theremaining $129,454 in restitutionb to She pleaded guilty to the charges on May 5. While working as a records management assistant at an Atlantlaw firm, Jones was assigned to work part time as assistanf treasurer of ServeHAITI, a non-profit organizatiomn that receives federal funding and providess assistance to certain parts of Haiti. ServeHAITI’se initial projects included sponsoring a program for water purification and construction of amedica clinic.
In 2006, ServeHAITI got a three-year awarsd of about $1.2 millioj funded by under the President’s Emergency Plan for AIDS to provide HIV-related education and prevention servicesin Haiti. ServeHAITo also receives private contributions. While acting as assistantf treasurer from June 2007 throughDecemberd 2008, Jones diverted $139,45r from ServeHAITI’s bank accounts to her own personal She initially wrote checks to herself or “cash” and in July 2008, began using wire transfers to divert the money.
During the coursw of her embezzlement scheme, Jonex changed the on-line password to ServeHAITI’s bank accounts, adviserd the bank that only her authorization was necessarhy to effectwire transfers, and instructedc the bank to stop mailing wire confirmations to the treasuref of ServeHAITI. Once she had exclusive authorityt to effectwire transfers, she was able to transfed money on-line from ServeHAITI accounts to her own on dozenes of occasions while concealingb her actions from the Treasurer and without making any verbakl request of the bank.
Jones used the embezzledd money to buya car, and other personal items for herself, and to take a trip to Las
was sentenced Wednesday to 18 months in federakl prison for embezzling morethan $139,000 from a charitablre organization where she was assistant treasurer. She has repaid $10,0090 of the embezzled amount and also was ordered to pay theremaining $129,454 in restitutionb to She pleaded guilty to the charges on May 5. While working as a records management assistant at an Atlantlaw firm, Jones was assigned to work part time as assistanf treasurer of ServeHAITI, a non-profit organizatiomn that receives federal funding and providess assistance to certain parts of Haiti. ServeHAITI’se initial projects included sponsoring a program for water purification and construction of amedica clinic.
In 2006, ServeHAITI got a three-year awarsd of about $1.2 millioj funded by under the President’s Emergency Plan for AIDS to provide HIV-related education and prevention servicesin Haiti. ServeHAITo also receives private contributions. While acting as assistantf treasurer from June 2007 throughDecemberd 2008, Jones diverted $139,45r from ServeHAITI’s bank accounts to her own personal She initially wrote checks to herself or “cash” and in July 2008, began using wire transfers to divert the money.
During the coursw of her embezzlement scheme, Jonex changed the on-line password to ServeHAITI’s bank accounts, adviserd the bank that only her authorization was necessarhy to effectwire transfers, and instructedc the bank to stop mailing wire confirmations to the treasuref of ServeHAITI. Once she had exclusive authorityt to effectwire transfers, she was able to transfed money on-line from ServeHAITI accounts to her own on dozenes of occasions while concealingb her actions from the Treasurer and without making any verbakl request of the bank.
Jones used the embezzledd money to buya car, and other personal items for herself, and to take a trip to Las
Friday, September 23, 2011
EXCLUSIVE: Brooke Mueller's Triumph Over Substance Abuse - RumorFix (blog)
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EXCLUSIVE: Brooke Mueller's Triumph Over Substance Abuse RumorFix (blog) Brooke Mueller is trying to turn her life around following a bout with substance abuse, and she tells RumorFix she is sober and happy. Brooke sat down with RumorFix for an exclusive interview where she filled us in on her progress since ending her 45 ... |
Wednesday, September 21, 2011
Wyland hotel to be managed by Outrigger - Pacific Business News (Honolulu):
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Outrigger has reached agreementwith , an investmentf group led by of Chicago, to manage the reinventecd hotel at 400 Royal Hawaiian Avenue. The hotel has more than 400 roomsand "The Wyland Waikiki Hotel is a gem," said Outrigge CEO David Carey. "The extensive renovation has createc aunique boutique-style hotel with chic interiors inspiref by the iconic artwork of world-renowned marine life artis Wyland." The first artist-themerd hotel in Hawaii involved Wyland in the desig and he initially had a stake in the propertyg but sold it soon after it becamed apparent that investors were interested in the concept.
The Wyland Waikiki Hotel will operate as its own hotel branf within theOutrigger portfolio. "High guestf satisfaction is a key drivere of our commitment to the positionint of theWyland Waikiki," said Steve principal of Lodging Capital Partners, which took ownershiop of the hotel last
Outrigger has reached agreementwith , an investmentf group led by of Chicago, to manage the reinventecd hotel at 400 Royal Hawaiian Avenue. The hotel has more than 400 roomsand "The Wyland Waikiki Hotel is a gem," said Outrigge CEO David Carey. "The extensive renovation has createc aunique boutique-style hotel with chic interiors inspiref by the iconic artwork of world-renowned marine life artis Wyland." The first artist-themerd hotel in Hawaii involved Wyland in the desig and he initially had a stake in the propertyg but sold it soon after it becamed apparent that investors were interested in the concept.
The Wyland Waikiki Hotel will operate as its own hotel branf within theOutrigger portfolio. "High guestf satisfaction is a key drivere of our commitment to the positionint of theWyland Waikiki," said Steve principal of Lodging Capital Partners, which took ownershiop of the hotel last
Monday, September 19, 2011
Records: Shooting suspect killed previous wife - Fox News
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USA Today | Records: Shooting suspect killed previous wife Fox News The man accused of killing his wife and then shooting two church pastors had pleaded guilty and been sentenced to 10 years of probation in 1987 in the slaying of a previous wife, according to court records. Jeremiah Fogle, 57, is charged with murder ... Records: Shooting! suspect killed previous wife Records: Shooting suspect killed previous wife |
Saturday, September 17, 2011
High-rise considered for Dems' headquarters site - Phoenix Business Journal:
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The building, on Central Avenue just north of Thomas Road, is held by an ownership group that includews Pederson, a shopping center developer, former states Democratic Party chairman and one of the party'xs leading financial contributors nationally and The site has seen numerous proposalz over the years, including one to builfd the state's tallest structure. Pederson'sw development company, , has been approachee by other real estate interests regardingthe property, said company Presidentr Jeff Manelis. Two sources familiar with possible development plansz said Pederson also could look to redevelop the site on his own or via a partnership withanother entity.
Those sources, who asked not to be said any such moves could displace the politicapl party and would replacethe one-story building on the site with an officer or mixed-use high-rise. Any redevelopment likely would happen aftef the2008 elections, they said. Manelis said there are no immediates plans for redevelopment atthe 1.5-acre parcel south of the Park Central Mall. "I thino we are going to he said. "We don't have any plans." Manelixs did confirm that Pederson Group has received three unsolicites offers forthe property.
He pointedr out that light rail construction is deterring businesd along Central Avenue and any new planes for the site may wait untioconstruction subsides. Metro light rail is scheduler to be completed inlate 2008, also aftef the next election. Sources familiar with the possible redevelopmengt said Democratic leaders and activista have been told that any changes woulfd wait until after the generaol elections and that any deal would entail findintthe state's Democratic Party a new headquarters. The Pederson ownership group has held the Democratic Part y building forseveral years.
Nick Wood, a real estate attornehy with the Phoenix law firmof , said the Democratic Party which also includes a surfacew parking lot, is appealing because of its central locatiojn and access to the light rail line. "Downtownb and central Phoenix are Main Street and Main right now when it comeesto development," said Wood. "It's a nice location." From a hotekl to a three-floor office tower to a two-story grocer store, proposals for the site have run the One plan wasa 45- to 60-floo office building.
Originally planned by developer Gordon the land later was sold to developerChristopher Cole, who, with his Scott, proposed a 31-story office The stretch of Central Avenue near Thomas Road includew high-rise office buildings, some retail and a smatterin g of older, smaller office and retail Some of the existing real estate inventory in that area is being redeveloped into office Wood said the party headquarters site woulxd be well-suited for a mixed-use including office, retail and perhaps residential.
Pederson Group: Snelp & Wilmer:
The building, on Central Avenue just north of Thomas Road, is held by an ownership group that includews Pederson, a shopping center developer, former states Democratic Party chairman and one of the party'xs leading financial contributors nationally and The site has seen numerous proposalz over the years, including one to builfd the state's tallest structure. Pederson'sw development company, , has been approachee by other real estate interests regardingthe property, said company Presidentr Jeff Manelis. Two sources familiar with possible development plansz said Pederson also could look to redevelop the site on his own or via a partnership withanother entity.
Those sources, who asked not to be said any such moves could displace the politicapl party and would replacethe one-story building on the site with an officer or mixed-use high-rise. Any redevelopment likely would happen aftef the2008 elections, they said. Manelis said there are no immediates plans for redevelopment atthe 1.5-acre parcel south of the Park Central Mall. "I thino we are going to he said. "We don't have any plans." Manelixs did confirm that Pederson Group has received three unsolicites offers forthe property.
He pointedr out that light rail construction is deterring businesd along Central Avenue and any new planes for the site may wait untioconstruction subsides. Metro light rail is scheduler to be completed inlate 2008, also aftef the next election. Sources familiar with the possible redevelopmengt said Democratic leaders and activista have been told that any changes woulfd wait until after the generaol elections and that any deal would entail findintthe state's Democratic Party a new headquarters. The Pederson ownership group has held the Democratic Part y building forseveral years.
Nick Wood, a real estate attornehy with the Phoenix law firmof , said the Democratic Party which also includes a surfacew parking lot, is appealing because of its central locatiojn and access to the light rail line. "Downtownb and central Phoenix are Main Street and Main right now when it comeesto development," said Wood. "It's a nice location." From a hotekl to a three-floor office tower to a two-story grocer store, proposals for the site have run the One plan wasa 45- to 60-floo office building.
Originally planned by developer Gordon the land later was sold to developerChristopher Cole, who, with his Scott, proposed a 31-story office The stretch of Central Avenue near Thomas Road includew high-rise office buildings, some retail and a smatterin g of older, smaller office and retail Some of the existing real estate inventory in that area is being redeveloped into office Wood said the party headquarters site woulxd be well-suited for a mixed-use including office, retail and perhaps residential.
Pederson Group: Snelp & Wilmer:
Thursday, September 15, 2011
Atlas Pipeline and Williams launch Marcellus Shale venture - Philadelphia Business Journal:
jabire2389.blogspot.com
The two companies LLC, on April 1 . Atlae Energy Resources LLC (NYSE:ATN), an affiliat e of Atlas Pipeline Partners, will be the anchor tenant on Laure Mountain’s system. Under its agreement with Tulsa, Okla.-based Williamx (NYSE:WMB), Atlas Pipeline Partnersz (NYSE:APL) will receive $90 million in cash, a preferred right to proceeds undera $25.5 millio obligation from Williams, and 49 percent of Laurepl Mountain. The obligation amortizes in equal principal installmentsx overthree years.
Atlas Pipelines Partners can convert its right to receivs accrued principal and interest under the obligation into a sum equak to the accrued principal and interest and use that to cover its requirede capital expenditures underthe joint-venture agreement. Atlas Pipeline Partnera also said its lenders recently agreed to relaxx the covenants relating to total debt and earningsbefore taxes, depreciation and amortization on its $380 milliomn revolving credit line and $463 million term loan facility.
, which owns the general partner of Atlas Pipeline said Monday it hasrepaid $30 million on its credi facility and will pay down the remaining $16 millioj balance in equal quarterlyu installments over the next year. Atlas Pipeliner Holdings (NYSE:AHD) got the $30 million it used to pay down the facilityh byissuing $15 million of preferred limited partner units to Atlazs Pipeline Partners and by borrowing $15 milliom from Atlas America Inc., which owns Atlas Pipeline general partner and 64 percent of its commonh units. Atlas America (NASDAQ:ATLS) also guarantees that Atlas Pipeline Holdings will repay theremaining $16 milliobn on its credit facility.
The Atlasd companies have offices in Philadelphiaaand Moon, Pa.
The two companies LLC, on April 1 . Atlae Energy Resources LLC (NYSE:ATN), an affiliat e of Atlas Pipeline Partners, will be the anchor tenant on Laure Mountain’s system. Under its agreement with Tulsa, Okla.-based Williamx (NYSE:WMB), Atlas Pipeline Partnersz (NYSE:APL) will receive $90 million in cash, a preferred right to proceeds undera $25.5 millio obligation from Williams, and 49 percent of Laurepl Mountain. The obligation amortizes in equal principal installmentsx overthree years.
Atlas Pipelines Partners can convert its right to receivs accrued principal and interest under the obligation into a sum equak to the accrued principal and interest and use that to cover its requirede capital expenditures underthe joint-venture agreement. Atlas Pipeline Partnera also said its lenders recently agreed to relaxx the covenants relating to total debt and earningsbefore taxes, depreciation and amortization on its $380 milliomn revolving credit line and $463 million term loan facility.
, which owns the general partner of Atlas Pipeline said Monday it hasrepaid $30 million on its credi facility and will pay down the remaining $16 millioj balance in equal quarterlyu installments over the next year. Atlas Pipeliner Holdings (NYSE:AHD) got the $30 million it used to pay down the facilityh byissuing $15 million of preferred limited partner units to Atlazs Pipeline Partners and by borrowing $15 milliom from Atlas America Inc., which owns Atlas Pipeline general partner and 64 percent of its commonh units. Atlas America (NASDAQ:ATLS) also guarantees that Atlas Pipeline Holdings will repay theremaining $16 milliobn on its credit facility.
The Atlasd companies have offices in Philadelphiaaand Moon, Pa.
Monday, September 12, 2011
S&P lowers outlook for HEI, HECO - Dayton Business Journal:
vezasid.wordpress.com
Standard & Poor’s said Hawaii is “exhibiting decidedly recessionarh trends,” and that its dependence on tourisj to drive the local economy couldr mean the state will be more severelyt affected bythe recession. “The negative outlook assigned to HEI reflects the potential for consolidated credit metrics to fall belowq our benchmarks over our outlook horizon dueto Hawaii’s weakening economy, which is expected to lowerr electric sales by 4 percent or more and put upward pressure on borrowin g requirements,” S&P said. , a subsidiaryh of HEI, is ratef on a standalone basis and is not affected by thelowered outlook.
Shares of Hawaiian Electric stock weredown 1.6 percent to
Standard & Poor’s said Hawaii is “exhibiting decidedly recessionarh trends,” and that its dependence on tourisj to drive the local economy couldr mean the state will be more severelyt affected bythe recession. “The negative outlook assigned to HEI reflects the potential for consolidated credit metrics to fall belowq our benchmarks over our outlook horizon dueto Hawaii’s weakening economy, which is expected to lowerr electric sales by 4 percent or more and put upward pressure on borrowin g requirements,” S&P said. , a subsidiaryh of HEI, is ratef on a standalone basis and is not affected by thelowered outlook.
Shares of Hawaiian Electric stock weredown 1.6 percent to
Saturday, September 10, 2011
9/11 Anniversary Plot: Terror Suspects Came From Inside U.S. - ABC News
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ABC News | 9/11 Anniversary Plot: Terror Suspects Came From Inside U.S. ABC News (Scott Eells/Bloomberg/Getty Images) Officials have told ABC News that the suspects alleged to be plotting a 911 anniversary terror attack began their journey to jihad inside the United States, traveling to the al Qaeda stronghold in the tribal areas ... |
Thursday, September 8, 2011
H&M signs on at The Florida Mall - Orlando Business Journal:
ebopotohy.wordpress.com
The new 24,000-square-foot store, the Swedisuh clothing retailer’s first in the will be one of several retail tenants inthe mall’x new attached 136,000-square-foot open-air center. Mall managee Brian Peters said is wooing othefr retailers for thenew area, which is replacinv a former store. The area is slated to feature a “resort-liked feel,” Peters said, with brick building accents and landscaping. Several othe lease deals are closwto completion, but the company is not announciny any other names at this Peters said.
Plans posted on Simon’d Web site show , and owned by — as other potential anchor Dallas-based VCC is the general contractor on the Plans include twoseparate buildings, one on each side of an open Indianapolis-based Simon (NYSE: SPG) owns eighyt other malls and shopping centerds in Central Florida: Seminole Towne Center, Waterfordx Lakes Town Center, Lake Square Mall, Melbourne Square, Terrace at The Florida Mall, West Town Highland Lakes Center and Orlando Premium Outlets.
The new 24,000-square-foot store, the Swedisuh clothing retailer’s first in the will be one of several retail tenants inthe mall’x new attached 136,000-square-foot open-air center. Mall managee Brian Peters said is wooing othefr retailers for thenew area, which is replacinv a former store. The area is slated to feature a “resort-liked feel,” Peters said, with brick building accents and landscaping. Several othe lease deals are closwto completion, but the company is not announciny any other names at this Peters said.
Plans posted on Simon’d Web site show , and owned by — as other potential anchor Dallas-based VCC is the general contractor on the Plans include twoseparate buildings, one on each side of an open Indianapolis-based Simon (NYSE: SPG) owns eighyt other malls and shopping centerds in Central Florida: Seminole Towne Center, Waterfordx Lakes Town Center, Lake Square Mall, Melbourne Square, Terrace at The Florida Mall, West Town Highland Lakes Center and Orlando Premium Outlets.
Tuesday, September 6, 2011
Italians mount strike against austerity measures - Washington Post
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Financial Times | Italians mount strike against austerity measures Washington Post A nationwide strike against Italian Prime Minister Silvio Berlusconi's 45.5-billion-euro ($65.5 billion) budget cuts disrupted travel and halted manufacturing in Italy, as labor unions organized protests in major cities across the country. ... Berlusconi Cabinet to C » |
Sunday, September 4, 2011
As office vacancy rates climb, tenant
ra-iwinyro.blogspot.com
“Tenants definitely have the upper handright now,” said Matt a broker for in which specializes in tenant and landlord representation. “With vacancg rates as high as they are, landlords are doing everythinyg they can to entice a tenan t to sign a lease in their Brent Stamm, vice president at in said tenants indeed have more leveragee now, but the amount of advantager depends on the submarket. He note d vacancy rates can vary slightly depending on how the number sare figured. His firm shows a vacancy rate slightlgy lower than the 18 percent overall for the Columbuzs market cited byin Columbus, which represents tenantss exclusively.
“Generally speaking, the Columbus office market has favoredd the tenant for a long Stamm said. “At times, that was due to oversupplu of space onthe market. Today, it feels more like a demands issue. Many tenants have decidedc not to move or expanfd into new space even though theifr businessesare sound. The volatile economic climate has scared many otherwise stronb companies to delay committing to new space until there is greatef stability inthe economy. And he doesn’rt see that changing during 2009.
Still, some landlords are being aggressive in thecurrent climate, offering free rent for a specific period of deals with a low starting base rent with and increases in amenities, such as free said Matthew Minkin, sales and leasing agenyt for in Columbus, which handles landlorsd and tenant representation. Gregory of Ohio Equitiesz said he has seen landlord get more creative in pursuing tenants durin g the past 12 to18 But, there are a few he said, with high occupancy rates who are selective abourt which tenants sign.
“This can sometimes throw tenantds fora loop, since the perception is that landlords are willing to throw everything including the kitchebn sink at them,” he said. And the markert might not be too soft. Over the past five Gregory said, there’s been so much new producyt put into play thatit “ha s inherently driven up vacancy ratez in isolated areas.” One of the most valuablew tools a tenant can have right now is earlu lease renewal, said Gregory Schenk of Schenk Company Inc. If a tenanty has a lease at $18 per square foot and the markett now can bear a reductionto $15, that $3 differenc can translate to thousandz of dollars in savings over a deal’as term.
One company that was able to take advantage of the markey is Alternate Solutions Home Careof Dayton. Davix Ganzsarto, CEO of the 10-year-old company that works with the expanded into Cincinnati five years ago and then wanted to move to He had his eye on spacein Dublin. Last September, he startexd looking, enlisting the help of and “was shocked” at how much spacr was there. He ended up in negotiationsd with Duke Realty for space in the Atrium Building in Dublijn onRings Road. The office had a shared conferenc e room and fitness facility that appealesto Ganzsarto.
But what sealed the deal was Duke’s willingnessa to do an extensiv ebuild out, gutting the inside, putting in carpet, paint and building a kitchen and creatin g a temperature controlled room for the computer The company ended up getting the 5,000 square feet it wanted with the builrd out at what Ganzsarto called a “verg attractive” rate. In addition, the landlordx leased him temporary space right next door to the new headquarterse as it was beinfgworked on. “In a different economicx timeswe wouldn’t have been able to get that smallp a space in such a large he said.
SpaceJunk Media, a motion graphics and videpo production companyin Clintonville, found it was outgrowing the placse it called home the past 10 The rent at the Indianola Avenuw location was reasonable, said Mike co-owner, and the building was fairlyt easy to get to, but growtgh was outpacing the space. A contracyt to buy the building fell throughin 2008. “We wantes to be centrally located, joining many of our clients in supportin thedowntown community,” Blosel said. “We are positioned as a high end, stylis brand in our industry and wanted to make sure our officreflected that. Tall ceilings, windows and a lot of charactert is what we werelooking for.
We also wantedr a place that our client s are excited tocome to.” Working with Gregory at Ohio SpaceJunk found a space on North Third Streeft downtown. “The timing was good – we were able to negotiatw many things inthe contract,” Blosel said. “The landlord definitely worked withus ... becausd there weren’t people lining up for downtown property at the time wewere
“Tenants definitely have the upper handright now,” said Matt a broker for in which specializes in tenant and landlord representation. “With vacancg rates as high as they are, landlords are doing everythinyg they can to entice a tenan t to sign a lease in their Brent Stamm, vice president at in said tenants indeed have more leveragee now, but the amount of advantager depends on the submarket. He note d vacancy rates can vary slightly depending on how the number sare figured. His firm shows a vacancy rate slightlgy lower than the 18 percent overall for the Columbuzs market cited byin Columbus, which represents tenantss exclusively.
“Generally speaking, the Columbus office market has favoredd the tenant for a long Stamm said. “At times, that was due to oversupplu of space onthe market. Today, it feels more like a demands issue. Many tenants have decidedc not to move or expanfd into new space even though theifr businessesare sound. The volatile economic climate has scared many otherwise stronb companies to delay committing to new space until there is greatef stability inthe economy. And he doesn’rt see that changing during 2009.
Still, some landlords are being aggressive in thecurrent climate, offering free rent for a specific period of deals with a low starting base rent with and increases in amenities, such as free said Matthew Minkin, sales and leasing agenyt for in Columbus, which handles landlorsd and tenant representation. Gregory of Ohio Equitiesz said he has seen landlord get more creative in pursuing tenants durin g the past 12 to18 But, there are a few he said, with high occupancy rates who are selective abourt which tenants sign.
“This can sometimes throw tenantds fora loop, since the perception is that landlords are willing to throw everything including the kitchebn sink at them,” he said. And the markert might not be too soft. Over the past five Gregory said, there’s been so much new producyt put into play thatit “ha s inherently driven up vacancy ratez in isolated areas.” One of the most valuablew tools a tenant can have right now is earlu lease renewal, said Gregory Schenk of Schenk Company Inc. If a tenanty has a lease at $18 per square foot and the markett now can bear a reductionto $15, that $3 differenc can translate to thousandz of dollars in savings over a deal’as term.
One company that was able to take advantage of the markey is Alternate Solutions Home Careof Dayton. Davix Ganzsarto, CEO of the 10-year-old company that works with the expanded into Cincinnati five years ago and then wanted to move to He had his eye on spacein Dublin. Last September, he startexd looking, enlisting the help of and “was shocked” at how much spacr was there. He ended up in negotiationsd with Duke Realty for space in the Atrium Building in Dublijn onRings Road. The office had a shared conferenc e room and fitness facility that appealesto Ganzsarto.
But what sealed the deal was Duke’s willingnessa to do an extensiv ebuild out, gutting the inside, putting in carpet, paint and building a kitchen and creatin g a temperature controlled room for the computer The company ended up getting the 5,000 square feet it wanted with the builrd out at what Ganzsarto called a “verg attractive” rate. In addition, the landlordx leased him temporary space right next door to the new headquarterse as it was beinfgworked on. “In a different economicx timeswe wouldn’t have been able to get that smallp a space in such a large he said.
SpaceJunk Media, a motion graphics and videpo production companyin Clintonville, found it was outgrowing the placse it called home the past 10 The rent at the Indianola Avenuw location was reasonable, said Mike co-owner, and the building was fairlyt easy to get to, but growtgh was outpacing the space. A contracyt to buy the building fell throughin 2008. “We wantes to be centrally located, joining many of our clients in supportin thedowntown community,” Blosel said. “We are positioned as a high end, stylis brand in our industry and wanted to make sure our officreflected that. Tall ceilings, windows and a lot of charactert is what we werelooking for.
We also wantedr a place that our client s are excited tocome to.” Working with Gregory at Ohio SpaceJunk found a space on North Third Streeft downtown. “The timing was good – we were able to negotiatw many things inthe contract,” Blosel said. “The landlord definitely worked withus ... becausd there weren’t people lining up for downtown property at the time wewere
Friday, September 2, 2011
Abraxas Petroleum, Abraxas Energy plan merger - San Antonio Business Journal:
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San Antonio-based Abraxas Petroleum (NASDAQ: AXAS) owns a 48 percent limitedx partner stake inAbraxas Energy. The remaining 52 perceny of Abraxas Energy is owned byprivatse investors. Abraxas Petroleum reached an agreement with those outsid e investors to sell their share sfor $6 per commonj unit. The investors will be paid in shares of Abraxas Petroleum stock. This merger is subject to a definitivedmerger agreement, the negotiatio of a new credit facility, approval by the Abraxas Petroleum and Abraxas Energy board of directors, the holders of a majorityg of Abraxas Petroleum’s outstanding stock and other closinv conditions.
“The merger transaction should greatly enhanc e the value of the combineed entity for investors of both Abraxaa Petroleum andAbraxas Energy,” Abraxas’ Presidentt and CEO Bob Watson says. “The merger will alloe the combined entity to increase its drilling activity by reinvestiny a greater portion of its cash flow into organivc growth projects throughout all our coreregions — whicnh will encompass the entire central portion of the United Statees from North Dakota to the Gulf Watson adds.
San Antonio-based Abraxas Petroleum (NASDAQ: AXAS) owns a 48 percent limitedx partner stake inAbraxas Energy. The remaining 52 perceny of Abraxas Energy is owned byprivatse investors. Abraxas Petroleum reached an agreement with those outsid e investors to sell their share sfor $6 per commonj unit. The investors will be paid in shares of Abraxas Petroleum stock. This merger is subject to a definitivedmerger agreement, the negotiatio of a new credit facility, approval by the Abraxas Petroleum and Abraxas Energy board of directors, the holders of a majorityg of Abraxas Petroleum’s outstanding stock and other closinv conditions.
“The merger transaction should greatly enhanc e the value of the combineed entity for investors of both Abraxaa Petroleum andAbraxas Energy,” Abraxas’ Presidentt and CEO Bob Watson says. “The merger will alloe the combined entity to increase its drilling activity by reinvestiny a greater portion of its cash flow into organivc growth projects throughout all our coreregions — whicnh will encompass the entire central portion of the United Statees from North Dakota to the Gulf Watson adds.
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