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Portland, from Weston Investment Co. LLC. It is one of the largesyt office deals in downtown in recent months. The Indian Health Board, establishecd in 1972, will move from its current location at527 S.W. Hall St. Jake Lancastetr of Grubb & Ellis Co. represented the Steve Root of American Property Managementgrepresented Weston. • Level 3 Communications LLC renewexd its leasefor 4,724 square feet at the Pittock Block, 921 S.W. Washington St., from ALCO Investment Co. Kevin Kaufman of CB Richardf Ellis representedLevel 3; the landlorc represented itself. • Telelanguage Inc. signed a new leasre for 4,401 square feet at the Portland Exchange 520 S.W. Sixth Ave.
, NAI Norris, Beggs & Simpson representerd the tenant; Ryan Livesay of Pacific Real EstatdePartners Inc. represented the property. • Stearns Lendingf Inc. leased 3,722 square feet at Hampto Square, 6950 S.W. Hampton, Tigard, from Westonj Investment Co. LLC. Steve Root of Americanj Property Management representedthe • Peters & Company PC signed a new lease for 2,170o square feet at the Selling 610 S.W. Alder St., with the Schlesinger Companies. Kristin Hammond and Mark McFarland of Pacific Real EstatePartner Inc. represented the tenant; Bill Smith of NAI Beggs & Simpson representedc the property. • SCR Inc. leased 2,00 0 square feet at 8680 S.W.
Old Tualatinb Sherwood Road, Tualatin, from Kmotion Inc. Ian Giammancop of Bluestone & Hockley Real Estate Servicesw representedthe tenant; Scott Pierce of NAI Norris, Beggs Simpson represented the landlord. •Remedy Intelligent Staffing leaserd 1,638 square feet at The 6646 N.E. 78th Court, Portland, from API Properties 1047 LLC. Mark McFarlandr of Pacific Real EstatePartners Inc. representecd the tenant; Rob Kimmelman of Commercial Realtu Advisors representedthe property. Pioneer Floor Covering Inc. leasex 5,853 square feet at Arctic Businesx Park, 5657 S.W. Arctic Drive, from Pacific NW Properties LP. Cliffc Finnell of GVA Kidder Mathew representedthe tenant.
• Carlabn Enterprises Inc., operating as Stauffer-Cisco Supply, leased 5,622 square feet at Bridgeport WoodsBusinessa Park, 7532 S.W. Bridgeport Durham, from Bridgeport Woods BusinessPark LLC. Peter Stalick and Steveh Klein of GVA Kiddert Mathews representedthe tenant; Dave Kiersey of Kiersey McMillan Inc. represented the property. Stavely Services North Americaleased 4,860 square feet at Kittridge Distributiobn Center, 4943 N.W. Front Ave., Portland, from LIT Industrial Limiteds Partnership. Tony Reser and Sean McCarth of GVA Kidder Mathews brokeredthe transaction. • Red Wing Brandsd of America Inc. leased 3,840 squarew feet at the NorstarBusinesd Center, 8611 N. Albina Ave.
, from Norstar 8405 N. Albina Ave. LLC. Tony Reser and Sean McCarthy of GVA Kidder Mathews brokerefdthe transaction. • Biscuits Cafe leased 3,121 square feet at Hoga Plaza, 1905 N.E. Division St., from Pelopo LLC. Mike Foley of First Commercial representedxthe tenant; Craig Barnard of Barnardx Commercial Real Estate represented the property. Y-Chrome, a new barbershop venture fromHairM men’s leased 2,055 square feet at the Commonwealtn Building, 609 S.W. Washington St., from Unick Properties LLC. Kathleen Healy of Urban Workds Real Estaterepresented Y-Chrome; Dan Bozich and Kathlee Healy of Urban Works Real Estate representede the property.
• Aprende Con Amigos Bilingualk Preschoolleased 1,872 square feet at Patton Park Apartments on North Interstate from Patton Squars Leasing LLC. Steve Haugen of Windermere/Cronin Caplan Realty Group Inc. represented the Charlotte Larson and Sara Daley of Urban Workas Real Estate representedthe • PDX Antiques leasecd 1,120 square feet at the K2 Building from 4152 N.E. Sandt LLC. Charlotte Larson of Urban Workw Real Estate represented the Matt Schweitzer of North Rim representeddthe property. • Liz Richardxs Acupuncture PC leased 1,046 square feet at Fremon t Place, 3531 N.E. 15th Ave., Portland, from ADG Properties LLC. Anthyanb Nguyen of Norris & Stevenx Inc.
represented the tenant; Ashleu Heichelbech of Urban Works Real Estate representedthe property. • Statse Farm Insurance leased 1,000 square feet at 1018 N.W. 13th Portland, from Block Two LLC. Thom Brockmiller of Stehlin Advisorws LLC representedthe tenant; Kathleeh Healy and Dan Bozichy of Urban Works Real Estater represented the property.
Monday, December 31, 2012
Sunday, December 30, 2012
Extended Stay Hotels files Chapter 11 - Philadelphia Business Journal:
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The Spartanburg, S.C.-based company filed the reorganization petitioj in New Yorkbankruptcy court, Secretary and Generap Counsel Joseph Teichman writing that Extended Stay had abouyt $7.1 billion in assets and $7.6 billioj in liabilities at the end of 2008. Extenderd Stay, whose more than 680 properties are managed byHVM LLC, has eigh t Central Ohio sites, including those near the Mall at Tuttld Crossing, Polaris Fashion Place and Eastoj Town Center. The company bills itself as the largest operatorof mid-pricedd extended-stay hotels in the nation.
Teichman in a courg filing on Monday wrote that the companyu sought protection from creditors amid a general downturnm in the hospitality industry and a hit takemn as fewer potential customers needthe company’ds services. “Since the typical Extended Stay customer seeks a lengthgy stay based oncommercial relocation, the contractionh of construction and new business development began to significantly and adverseluy affected Extended Stay’s revenue Teichman wrote. The company said its average revenues per room dropped about 23 percent in the firs t five months of the year comparedx with the same periodof 2008.
As a it was unable to deal with its debt burden with cash flow and is seekinyga “comprehensive restructuring of the entir capital structure.” Extended Stay said it plans to run operationsw following the Chapter 11 petition under a lender-approved arrangement usingy cash collateral. Debtor-in-possession financing won’t be the company said. About 9,900 employees work in hotels operates byExtended Stay. The company is in 44 statees and hasabout 77,000 rooms.
The Spartanburg, S.C.-based company filed the reorganization petitioj in New Yorkbankruptcy court, Secretary and Generap Counsel Joseph Teichman writing that Extended Stay had abouyt $7.1 billion in assets and $7.6 billioj in liabilities at the end of 2008. Extenderd Stay, whose more than 680 properties are managed byHVM LLC, has eigh t Central Ohio sites, including those near the Mall at Tuttld Crossing, Polaris Fashion Place and Eastoj Town Center. The company bills itself as the largest operatorof mid-pricedd extended-stay hotels in the nation.
Teichman in a courg filing on Monday wrote that the companyu sought protection from creditors amid a general downturnm in the hospitality industry and a hit takemn as fewer potential customers needthe company’ds services. “Since the typical Extended Stay customer seeks a lengthgy stay based oncommercial relocation, the contractionh of construction and new business development began to significantly and adverseluy affected Extended Stay’s revenue Teichman wrote. The company said its average revenues per room dropped about 23 percent in the firs t five months of the year comparedx with the same periodof 2008.
As a it was unable to deal with its debt burden with cash flow and is seekinyga “comprehensive restructuring of the entir capital structure.” Extended Stay said it plans to run operationsw following the Chapter 11 petition under a lender-approved arrangement usingy cash collateral. Debtor-in-possession financing won’t be the company said. About 9,900 employees work in hotels operates byExtended Stay. The company is in 44 statees and hasabout 77,000 rooms.
Thursday, December 27, 2012
Husch Blackwell Sanders LLP - Kansas City Business Journal:
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Parties: Kansas City-based Blackwell Sanders, a firm on the Plazw that grew a practice once consisting of nearly exclusivelhy insurance law toa full-servic e corporate firm employing 337 lawyers. St. Louis-basedx Husch has similarly wide-ranging corporate practicees and employs298 lawyers. Summary: The two firmxs announced Dec. 20 that they would combine, becomingy Missouri's second-largest firm, behind . The deal is the biggestg law firm merger in Kansas City in five The combined firm will be called when thedeal closes, whicy is expected by the end of January or the beginning of Still unknown is where the firms will combinde offices.
Both organizations have long-term leases remaininvg in Kansas City. Effect: Firm leaders on both sideds of the deal said the mergetr would allow both firms to possesx deeper practice areas and better serve whichinclude , and . "We've got our bench strengt h in probably 30-plus areas of law now, whicnh is hard to match in the central area of the saidDavid Fenley, the chairman of Blackwellk Sanders. "And that's going to give us a lot of opportunity to serve our existing clients better than wedo now, and give us the frankly, to expand.
"
Parties: Kansas City-based Blackwell Sanders, a firm on the Plazw that grew a practice once consisting of nearly exclusivelhy insurance law toa full-servic e corporate firm employing 337 lawyers. St. Louis-basedx Husch has similarly wide-ranging corporate practicees and employs298 lawyers. Summary: The two firmxs announced Dec. 20 that they would combine, becomingy Missouri's second-largest firm, behind . The deal is the biggestg law firm merger in Kansas City in five The combined firm will be called when thedeal closes, whicy is expected by the end of January or the beginning of Still unknown is where the firms will combinde offices.
Both organizations have long-term leases remaininvg in Kansas City. Effect: Firm leaders on both sideds of the deal said the mergetr would allow both firms to possesx deeper practice areas and better serve whichinclude , and . "We've got our bench strengt h in probably 30-plus areas of law now, whicnh is hard to match in the central area of the saidDavid Fenley, the chairman of Blackwellk Sanders. "And that's going to give us a lot of opportunity to serve our existing clients better than wedo now, and give us the frankly, to expand.
"
Wednesday, December 26, 2012
Reaction among Baltimore-area stakeholders mixed to health care reform proposal - Baltimore Business Journal:
caloloary.blogspot.com
But reactions from Marylans business groups, employers and health care providerswere divided. The $1.5 trilliomn House bill costs too much, puts too much contro in the hands of the federal and would ultimately lead to rationing healtbhcare services, critics Proponents say the bill will help the nation’e 50 million uninsured receive health care coverager while the bill’s proposal to offer a government-sponsore health insurance plan would offer more choicesd to small businesses shopping for health The House aims to pay for the plan by taxing individual s and lowering Medicare and Medicaid paymenft to medical providers.
The House bill woulfd also provide health insurance subsidies for up to 400 percent of whichis $88,000 for a family of four. Companiesw with more than 25 employees wouldd have to provide health coverage or pay 8 perceny of their payroll asa penalty. “We’ve consistently opposed any pay-or-play provision,” said Ronald Wineholt, chiev lobbyist for the . The chamber has been a vocal opponen t of theMaryland Citizens’ Health Initiative plan, which proposed a 2 percent payrolkl tax on businesses to pay its plan for insuring 800,00 Maryland residents.
Mandating health coverage would put a huge burden on some smalll businesses that are already struggling during the Winehold said. He’s also concerned that the House bill does not offee any proposals on how to curb the risingt cost ofhealth care. “The bill is long on spendinyg and short on cost he said. Lowering payments to Medicaid and Medicare wouls hurt not only hospitals but vendor s who do businesswith them, said Archie M. president of in Glen Burnie. “The last thinvg we need to do is slow down Barrett said. “It’ll put everyone in a financial crisis.
” Barrettt fears that if hospitals don’tr get paid in a timely manner, neither will he sincde his environmental consulting firm serves many hospital Inhis view, employers have a responsibility to offer health insurance and can only retain the best employees if they do so. But Barrett said he favors a government-run health insurance “Somebody has to give insurancecompanies competition,” he “Our insurance rates are skyrocketing.” Barrety is hopeful that, with a government plan, insurerzs can’t just charge whatever they want. He currently pays $6,000 a month on healtuh premiums for his12 employees.
Some fear that the government-rumn plan, which would be run similarly to would lower choiceand quality, not improvde it. Given the high tab of the health the only way the government will be able to cut costsz is by rationing health particularly forthe elderly, said Dr. Ronal Sroka, president of state medical societ MedChi: “People will be waiting in line to gettheit MRIs.” Private health insurers woule not be able to compete with a publicx health plan, said Rodger CEO of Towson’s Client First Brokerager Services Inc. A government-run plan that gets its monegy from taxpayers would not care aboutofferinv innovation, such as investingv in new technologies.
Bayne, who believees individuals should gethealth insurance, said he thinks the Housse bill would not really encourage individuals to get By imposing just a 2.5 percent penalty on individuals who do not get healthb insurance, many people will forego health insurancwe if the penalty costs less than the healthg insurance premiums. But Vincent DeMarco, presiden of the Maryland Citizens’ Healtn Initiative, said he favors the Housre bill because it requires all parties including individuals, health care providers, businesses and insurerds — to do their fair sharr to overhaul health care.
Though the pricer tag may be high initially, in the long run it can save money by lowering healthcare costs, he
But reactions from Marylans business groups, employers and health care providerswere divided. The $1.5 trilliomn House bill costs too much, puts too much contro in the hands of the federal and would ultimately lead to rationing healtbhcare services, critics Proponents say the bill will help the nation’e 50 million uninsured receive health care coverager while the bill’s proposal to offer a government-sponsore health insurance plan would offer more choicesd to small businesses shopping for health The House aims to pay for the plan by taxing individual s and lowering Medicare and Medicaid paymenft to medical providers.
The House bill woulfd also provide health insurance subsidies for up to 400 percent of whichis $88,000 for a family of four. Companiesw with more than 25 employees wouldd have to provide health coverage or pay 8 perceny of their payroll asa penalty. “We’ve consistently opposed any pay-or-play provision,” said Ronald Wineholt, chiev lobbyist for the . The chamber has been a vocal opponen t of theMaryland Citizens’ Health Initiative plan, which proposed a 2 percent payrolkl tax on businesses to pay its plan for insuring 800,00 Maryland residents.
Mandating health coverage would put a huge burden on some smalll businesses that are already struggling during the Winehold said. He’s also concerned that the House bill does not offee any proposals on how to curb the risingt cost ofhealth care. “The bill is long on spendinyg and short on cost he said. Lowering payments to Medicaid and Medicare wouls hurt not only hospitals but vendor s who do businesswith them, said Archie M. president of in Glen Burnie. “The last thinvg we need to do is slow down Barrett said. “It’ll put everyone in a financial crisis.
” Barrettt fears that if hospitals don’tr get paid in a timely manner, neither will he sincde his environmental consulting firm serves many hospital Inhis view, employers have a responsibility to offer health insurance and can only retain the best employees if they do so. But Barrett said he favors a government-run health insurance “Somebody has to give insurancecompanies competition,” he “Our insurance rates are skyrocketing.” Barrety is hopeful that, with a government plan, insurerzs can’t just charge whatever they want. He currently pays $6,000 a month on healtuh premiums for his12 employees.
Some fear that the government-rumn plan, which would be run similarly to would lower choiceand quality, not improvde it. Given the high tab of the health the only way the government will be able to cut costsz is by rationing health particularly forthe elderly, said Dr. Ronal Sroka, president of state medical societ MedChi: “People will be waiting in line to gettheit MRIs.” Private health insurers woule not be able to compete with a publicx health plan, said Rodger CEO of Towson’s Client First Brokerager Services Inc. A government-run plan that gets its monegy from taxpayers would not care aboutofferinv innovation, such as investingv in new technologies.
Bayne, who believees individuals should gethealth insurance, said he thinks the Housse bill would not really encourage individuals to get By imposing just a 2.5 percent penalty on individuals who do not get healthb insurance, many people will forego health insurancwe if the penalty costs less than the healthg insurance premiums. But Vincent DeMarco, presiden of the Maryland Citizens’ Healtn Initiative, said he favors the Housre bill because it requires all parties including individuals, health care providers, businesses and insurerds — to do their fair sharr to overhaul health care.
Though the pricer tag may be high initially, in the long run it can save money by lowering healthcare costs, he
Monday, December 24, 2012
Standardized nuclear plant design eluding utility firms - Triangle Business Journal:
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The Nuclear Regulatory Commission certified the plant designof ’s AP1000 at the end of 2005. Pre-certificatiomn was intended to help streamline an approvalws process that takes yearx before plant constructioneven begins. Along with Duke and the , and the of Atlanta have applier to the NRC for licenses to buildAP1000 plants. According to a Feb. 15 NRC letter that sets an application review schedule for the design ofthe AP1000, March 2010 is the target date for completint the review process for the plant’w design.
Westinghouse spokesman Vaughn Gilbert acknowledge s that design changes have been but he says the changes are minor and represenrt less than 10 percent of the overall He says Westinghouse is respondingt to newNRC requirements, such as demonstration of safetty in the event of an airplane crash. He says the utilitiesa have not requested the changes under But correspondence between regulators and Westinghouse suggesg that the company is pursuing design In a June 27 letter from the NRCto Westinghouse’ s Robert Sisk, a managed in regulatory affairs, the NRC noted problems with the scheduling due to changes soughtt by Westinghouse.
Thomas Bergman, deputy director of the NRC divisio that oversees newreactor licensing, writes in the letterr that “there remains uncertaint about the schedule outlined in the February 15, 2008 lettert in light of This uncertainty is created as a result of changes in the scopde of work of the review requestedf by Westinghouse since developing that schedule, and delayed Westinghouse’s latest revision, No. 17, was submitted 22. Those changes are not yet publicly available. NRC spokesman Scott Burnell characterizesw the numerous changes asthe “back and forth” that is a routinwe part of the approvalas process.
He says the plant design is soundf and that the modifications are open items that came up as Westinghouswe talked with its He says that because several utilities are interested in theAP100p design, it was more efficient for Westinghousew to submit changes on their behalff rather than for applicants to pursue changes individually. Burnell says the final desighn for these utilities or subsequent applicants will be the He characterized the latest revisioh asthe “17th time that Westinghouse respondedf to staff questions.” Ed Lyman, a senior stafft scientist at the who has tracked the says utilities are requesting the desigj changes to suit individual sites.
For he says TVA sought modifications forits Ala., plant’s seismic design to fit the soil type of the Lyman says that if each applicant seeks reactot modifications for its site, the result could be many more each of them requiringt regulatory review. Lyman says design changes add time to the reviesw process and likely would add cost tothe plants. He says the outcomee of the AP1000 review coulcd affect how other utilities move forward with their plans for newnuclear generation.
“It is a blow to NRC’sw concept of standardizing designs,” he Progress spokesman Rick Kimbler says that while Progress submitted an applicatioj to the NRC so it woul d have the option of pursuing newnuclead generation, it has not committed to buildinb new reactors at its Shearon Harris site in Wake The utility does plan to build a new nucleaer plant in Florida. Kimble says design changes to the AP1000 have no impact on the He likens the changes to modificatione one might make when buildinga house. Fixtures may but the overall design remains he says. But the if built, will cost more than originallyh estimated. In an Oct. 3 letter to the NRC, Progress uses the $9.
3 billionm cost projection of two new Florida plants as thenew upper-bounsd cost estimate for two new reactors at That’s more than doublew Progress’ previous estimate of $4.4 But even with the higher projection, Progress says in documents filed with the NRC that the constructiomn at Harris should not be as expensive as the work at the Floridw plant, which is a greenfield Although the Harris site now has only one reactor, it was originallyh designed for four and will require less constructiom work than the Florida site.
Jim executive director of watchdoggroup , says plans to raise the level of Harris Lake for cooling water woulds contribute to the cost of new nuclear
The Nuclear Regulatory Commission certified the plant designof ’s AP1000 at the end of 2005. Pre-certificatiomn was intended to help streamline an approvalws process that takes yearx before plant constructioneven begins. Along with Duke and the , and the of Atlanta have applier to the NRC for licenses to buildAP1000 plants. According to a Feb. 15 NRC letter that sets an application review schedule for the design ofthe AP1000, March 2010 is the target date for completint the review process for the plant’w design.
Westinghouse spokesman Vaughn Gilbert acknowledge s that design changes have been but he says the changes are minor and represenrt less than 10 percent of the overall He says Westinghouse is respondingt to newNRC requirements, such as demonstration of safetty in the event of an airplane crash. He says the utilitiesa have not requested the changes under But correspondence between regulators and Westinghouse suggesg that the company is pursuing design In a June 27 letter from the NRCto Westinghouse’ s Robert Sisk, a managed in regulatory affairs, the NRC noted problems with the scheduling due to changes soughtt by Westinghouse.
Thomas Bergman, deputy director of the NRC divisio that oversees newreactor licensing, writes in the letterr that “there remains uncertaint about the schedule outlined in the February 15, 2008 lettert in light of This uncertainty is created as a result of changes in the scopde of work of the review requestedf by Westinghouse since developing that schedule, and delayed Westinghouse’s latest revision, No. 17, was submitted 22. Those changes are not yet publicly available. NRC spokesman Scott Burnell characterizesw the numerous changes asthe “back and forth” that is a routinwe part of the approvalas process.
He says the plant design is soundf and that the modifications are open items that came up as Westinghouswe talked with its He says that because several utilities are interested in theAP100p design, it was more efficient for Westinghousew to submit changes on their behalff rather than for applicants to pursue changes individually. Burnell says the final desighn for these utilities or subsequent applicants will be the He characterized the latest revisioh asthe “17th time that Westinghouse respondedf to staff questions.” Ed Lyman, a senior stafft scientist at the who has tracked the says utilities are requesting the desigj changes to suit individual sites.
For he says TVA sought modifications forits Ala., plant’s seismic design to fit the soil type of the Lyman says that if each applicant seeks reactot modifications for its site, the result could be many more each of them requiringt regulatory review. Lyman says design changes add time to the reviesw process and likely would add cost tothe plants. He says the outcomee of the AP1000 review coulcd affect how other utilities move forward with their plans for newnuclear generation.
“It is a blow to NRC’sw concept of standardizing designs,” he Progress spokesman Rick Kimbler says that while Progress submitted an applicatioj to the NRC so it woul d have the option of pursuing newnuclead generation, it has not committed to buildinb new reactors at its Shearon Harris site in Wake The utility does plan to build a new nucleaer plant in Florida. Kimble says design changes to the AP1000 have no impact on the He likens the changes to modificatione one might make when buildinga house. Fixtures may but the overall design remains he says. But the if built, will cost more than originallyh estimated. In an Oct. 3 letter to the NRC, Progress uses the $9.
3 billionm cost projection of two new Florida plants as thenew upper-bounsd cost estimate for two new reactors at That’s more than doublew Progress’ previous estimate of $4.4 But even with the higher projection, Progress says in documents filed with the NRC that the constructiomn at Harris should not be as expensive as the work at the Floridw plant, which is a greenfield Although the Harris site now has only one reactor, it was originallyh designed for four and will require less constructiom work than the Florida site.
Jim executive director of watchdoggroup , says plans to raise the level of Harris Lake for cooling water woulds contribute to the cost of new nuclear
Sunday, December 23, 2012
Sling Media gets $10.5M in funding - Silicon Valley / San Jose Business Journal:
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of San Mateo, says it's received $10.5 millionh in Series A fundingfrom , and undisclosed strategic Terms of the investment were not "An enormous gap exists between what is possibler with today's digital entertainment technology and its usability by consumers. It is our positio that 'CE' should stand as much for consumer experience as it does forconsumerf electronics," says Blake Krikorian, chief executive officerf of Sling Media, in a writtem statement. The company says it's readying its firsr product -- the Slingbox Personal Broadcasterd -- for market.
It's described a devicer that allows users to enjoy theirr entire live TV experience fromany device, via any network, anywher e in their home or around the world. The Slingbosx connects to and "placeshifts" content from any cable box, satellits receiver, or personal video recorder. It'a expected to be in the marketr during the first quarter of thecompany says.
of San Mateo, says it's received $10.5 millionh in Series A fundingfrom , and undisclosed strategic Terms of the investment were not "An enormous gap exists between what is possibler with today's digital entertainment technology and its usability by consumers. It is our positio that 'CE' should stand as much for consumer experience as it does forconsumerf electronics," says Blake Krikorian, chief executive officerf of Sling Media, in a writtem statement. The company says it's readying its firsr product -- the Slingbox Personal Broadcasterd -- for market.
It's described a devicer that allows users to enjoy theirr entire live TV experience fromany device, via any network, anywher e in their home or around the world. The Slingbosx connects to and "placeshifts" content from any cable box, satellits receiver, or personal video recorder. It'a expected to be in the marketr during the first quarter of thecompany says.
Saturday, December 22, 2012
5 Who Thrive: Leather Soul sees Rodeo Drive as the perfect fit - Washington Business Journal:
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Park plans to open his seconed store later this year in Beverly just off prestigiousRodeo Drive. He’s also lookinb to double his space at the this less than two years aftermoving in. Park’ws growth has stemmed from a careful cultivation of customerw andvendors — he’s the only authorized retailer for several brandsx — and a savvy use of technology to promots a traditional, low-tech Part of Park’s strategy to expandc his 5-year-old business has been to nurturwe his, and the reputation as an expert in men’sx shoes and fashion. And he’s undeterred by the even though the shoes he sellsd retail upwardsof $500 per pair.
“I’mk 100 percent confident I’m goinhg to do well,” he said of the Californiza move. He has done his and met with his online clients to make sure that the markegtis there. Leather Soul had revenues of $1.3 million last year 35 percent of that from Internefsales — which exceeded Park’s goal by 30 This year he wants to best that by anotherr 30 percent. He’s financing the expansion to Beverly Hills with hisown money, with assistancew from Bank of Hawaii and help from some childhood friends. The brands at Leather Soul the American-made Alden; Britisjh brands Edward Green, John Lobb and Gazian o & Girling, and the French label J.M.
Weston are not available anywhere elsein Hawaii. “The products I they’re all the best quality,” he “Even in a bad economy, people stil l want good quality.” The decisiohn to go to the Los Angeles area came abouyt after the sales representativefrom Massachusetts-based Aldemn approached Park about an opportunity to take over the shoe department of a well-knowjn men’s store in Beverly Hills. The company had a dealefr in Northern California, but no presencs in the southern part ofthe state. Park met with people from the which he declinedto name, and thoughf it seemed like a good opportunity.
But while driving around the neighborhood, he began to noticre a lot of vacantretail space. “If you thinok Hawaii is bad, it’s twice as bad in L.A.,” he “I just thought ther must be some opportunity for a good He returned to Los Angeles a month met with real estate brokers and beganh looking atretail spaces. The placew he picked was one that hejust “stumbled” a historic building at the corner of Rodep Drive and Little Santa Monica Boulevard. The ground-floor spaced is also next to a shoe-repair Park found that landlords are much more willingt to negotiate in this economy than they were just a couple ofyears ago.
A half-dozen retail spacex on Rodeo Drive, less than a blockk from the one Parkis eyeing, are listedx for lease with rent “negotiable,” according to LoopNet. Park has signeds a letter of intent fora 650-square-footr space and is in negotiations for the aiming for a December opening. “Thr same spot a year-and-a-halfv ago would have been twiceas expensive,” he He’s also talking with the Festival which manages the Royal Hawaiianh Center, about moving to a space that’s twices the size of his 600-square-foot storer on the third level of Buildin g A.
Park plans to open his seconed store later this year in Beverly just off prestigiousRodeo Drive. He’s also lookinb to double his space at the this less than two years aftermoving in. Park’ws growth has stemmed from a careful cultivation of customerw andvendors — he’s the only authorized retailer for several brandsx — and a savvy use of technology to promots a traditional, low-tech Part of Park’s strategy to expandc his 5-year-old business has been to nurturwe his, and the reputation as an expert in men’sx shoes and fashion. And he’s undeterred by the even though the shoes he sellsd retail upwardsof $500 per pair.
“I’mk 100 percent confident I’m goinhg to do well,” he said of the Californiza move. He has done his and met with his online clients to make sure that the markegtis there. Leather Soul had revenues of $1.3 million last year 35 percent of that from Internefsales — which exceeded Park’s goal by 30 This year he wants to best that by anotherr 30 percent. He’s financing the expansion to Beverly Hills with hisown money, with assistancew from Bank of Hawaii and help from some childhood friends. The brands at Leather Soul the American-made Alden; Britisjh brands Edward Green, John Lobb and Gazian o & Girling, and the French label J.M.
Weston are not available anywhere elsein Hawaii. “The products I they’re all the best quality,” he “Even in a bad economy, people stil l want good quality.” The decisiohn to go to the Los Angeles area came abouyt after the sales representativefrom Massachusetts-based Aldemn approached Park about an opportunity to take over the shoe department of a well-knowjn men’s store in Beverly Hills. The company had a dealefr in Northern California, but no presencs in the southern part ofthe state. Park met with people from the which he declinedto name, and thoughf it seemed like a good opportunity.
But while driving around the neighborhood, he began to noticre a lot of vacantretail space. “If you thinok Hawaii is bad, it’s twice as bad in L.A.,” he “I just thought ther must be some opportunity for a good He returned to Los Angeles a month met with real estate brokers and beganh looking atretail spaces. The placew he picked was one that hejust “stumbled” a historic building at the corner of Rodep Drive and Little Santa Monica Boulevard. The ground-floor spaced is also next to a shoe-repair Park found that landlords are much more willingt to negotiate in this economy than they were just a couple ofyears ago.
A half-dozen retail spacex on Rodeo Drive, less than a blockk from the one Parkis eyeing, are listedx for lease with rent “negotiable,” according to LoopNet. Park has signeds a letter of intent fora 650-square-footr space and is in negotiations for the aiming for a December opening. “Thr same spot a year-and-a-halfv ago would have been twiceas expensive,” he He’s also talking with the Festival which manages the Royal Hawaiianh Center, about moving to a space that’s twices the size of his 600-square-foot storer on the third level of Buildin g A.
Thursday, December 20, 2012
Tech firm plans $12M center - Kansas City Business Journal:
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Gary Hall, who founded the Web-hosting firm with Bryajn Porterin 2001, said Arsalon has had a bannert year, on track to about doublre revenue from about $2.8 million in 2007 to betweem $5 million and $6 million this year. And he said he expectsd the growth to continueinto 2009. “We’ve had our best year Hall said. “Outsourcing is a solutionm for a lot of companies in good times and For aregular fee, firms like Arsalonm offer security systems, network infrastructure and powerd infrastructure that can be costl for companies to handle alone.
Arsalon and its peersz can perform the functions ofa company’s internal IT This month, Arsalon pland to close on the purchase of a 33,000-square-footr building, which it will gut and spli roughly into thirds: a data center, power and coolinv equipment, and office space. Hall said that it took more than a year to choosed a site and that an existing building made moresensse environmentally. Upon completion, the new spacse will be a Tier 3 data the second-highest of four levels of redundancy, or resistancew to down time.
The new location will add to Arsalon’ws existing 7,000-square-foot facility in Overland Parkand 10,000-square-fooy Lenexa facility, which had $1 millio n in infrastructure upgrades this year to handle new Hall said. But with the existing facilitiesanearly full, Arsalon needed to expand. The company employs abour 20 people now, and with the openinbg of the newdata center, Arsalon probably will add 10 to 15 workeres in 2009 and five to 10 in Hall said. Arsalon seems to exisgt among a slice of companiesz that are holding strong duringbthe recession. , an informatioj technology services firm basedf inKansas City, Kan.
, also is experiencing rapid it recently reported plans for a nearly $1 million upgradew to its facilities. “As budgets get there are a lotof layoffs,” Hall said. “zA lot of companies are looking at their own taking their internal IT staff and refocusingb them on core business processeswhile off-loadiny those requirements from them to us. It freea up their IT staff to do other Greg Kratofil, a technology lawyer at Polsinelli Shaltojn Flanigan Suelthaus PC and counsel for Arsalon, said many technologyh companies, such as data centers, hostinh companies and software companies, “are still investing in theirt futures.
” “We’re not seeing a slowdown in this industry,” he But this project is among the largest he’s aware of, Kratofil said. Blake Schreck, president, said the city welcomeds Arsalon’s investment and jobs. “Job creatiojn is always key, especially now, so this is a very welcome development,” he said. Arsalon secured its financingf from and the about a week beforse thecredit crisis, Hall The company also is working on publicv incentives for the project. “We’re very traditionak in how we manage our business,” he said. “We built the company with revenue andclientse — the old-fashioned way.
Before we embarked on this we made sure we had the cash flow tosuppory it.”
Gary Hall, who founded the Web-hosting firm with Bryajn Porterin 2001, said Arsalon has had a bannert year, on track to about doublre revenue from about $2.8 million in 2007 to betweem $5 million and $6 million this year. And he said he expectsd the growth to continueinto 2009. “We’ve had our best year Hall said. “Outsourcing is a solutionm for a lot of companies in good times and For aregular fee, firms like Arsalonm offer security systems, network infrastructure and powerd infrastructure that can be costl for companies to handle alone.
Arsalon and its peersz can perform the functions ofa company’s internal IT This month, Arsalon pland to close on the purchase of a 33,000-square-footr building, which it will gut and spli roughly into thirds: a data center, power and coolinv equipment, and office space. Hall said that it took more than a year to choosed a site and that an existing building made moresensse environmentally. Upon completion, the new spacse will be a Tier 3 data the second-highest of four levels of redundancy, or resistancew to down time.
The new location will add to Arsalon’ws existing 7,000-square-foot facility in Overland Parkand 10,000-square-fooy Lenexa facility, which had $1 millio n in infrastructure upgrades this year to handle new Hall said. But with the existing facilitiesanearly full, Arsalon needed to expand. The company employs abour 20 people now, and with the openinbg of the newdata center, Arsalon probably will add 10 to 15 workeres in 2009 and five to 10 in Hall said. Arsalon seems to exisgt among a slice of companiesz that are holding strong duringbthe recession. , an informatioj technology services firm basedf inKansas City, Kan.
, also is experiencing rapid it recently reported plans for a nearly $1 million upgradew to its facilities. “As budgets get there are a lotof layoffs,” Hall said. “zA lot of companies are looking at their own taking their internal IT staff and refocusingb them on core business processeswhile off-loadiny those requirements from them to us. It freea up their IT staff to do other Greg Kratofil, a technology lawyer at Polsinelli Shaltojn Flanigan Suelthaus PC and counsel for Arsalon, said many technologyh companies, such as data centers, hostinh companies and software companies, “are still investing in theirt futures.
” “We’re not seeing a slowdown in this industry,” he But this project is among the largest he’s aware of, Kratofil said. Blake Schreck, president, said the city welcomeds Arsalon’s investment and jobs. “Job creatiojn is always key, especially now, so this is a very welcome development,” he said. Arsalon secured its financingf from and the about a week beforse thecredit crisis, Hall The company also is working on publicv incentives for the project. “We’re very traditionak in how we manage our business,” he said. “We built the company with revenue andclientse — the old-fashioned way.
Before we embarked on this we made sure we had the cash flow tosuppory it.”
Wednesday, December 19, 2012
Orinda, Octagon plan loft/retail conversion - San Antonio Business Journal:
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Atlanta-based and Charlotteville, Va.-based reportede their plans for the property at 222 Mitchell Street, but they did not disclose financial terms of the deal. The 350,000-square-foot structurs was built in stages from 1929 to 1979on 2.1 acresx and occupies the entire city block boundef by Spring, Forsyth, Mitchell and Nelson Orinda and Octagon will converrt the property into a rental building with 205 loft units and more than 70,000 square feet of commercial Occupancy is expected in January 2011.
“The redevelopmengt of 222 Mitchell Street into rental lofts and retail space will play a significanft role in the rebirth of this part ofdowntowj Atlanta,” said Dillon Baynes, president of in a statement. “We’re certain that living at 222 Mitchelkl Street will appeal to young professionals who work as well as to college especially those who already attend one of the many fine institutionse inthe area, such as Georgiz State University, Spelman, Morehouse, Clark Atlantw University and Georgia
Atlanta-based and Charlotteville, Va.-based reportede their plans for the property at 222 Mitchell Street, but they did not disclose financial terms of the deal. The 350,000-square-foot structurs was built in stages from 1929 to 1979on 2.1 acresx and occupies the entire city block boundef by Spring, Forsyth, Mitchell and Nelson Orinda and Octagon will converrt the property into a rental building with 205 loft units and more than 70,000 square feet of commercial Occupancy is expected in January 2011.
“The redevelopmengt of 222 Mitchell Street into rental lofts and retail space will play a significanft role in the rebirth of this part ofdowntowj Atlanta,” said Dillon Baynes, president of in a statement. “We’re certain that living at 222 Mitchelkl Street will appeal to young professionals who work as well as to college especially those who already attend one of the many fine institutionse inthe area, such as Georgiz State University, Spelman, Morehouse, Clark Atlantw University and Georgia
Tuesday, December 18, 2012
Smithfield Foods slashing 1,800 jobs, closing 6 plants - Kansas City Business Journal:
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Smithfield (NYSE: SFD) said the restructuriny of its pork group is expected to produce annuall cost savingsof $55 millionn in fiscal 2010 and $125 million by fiscakl 2011. The Smithfield, Va.-based company said it would reducd its number of pork grouo operating units from sevenb tothree – The Smithfield Packing Companty Inc., John Morrell Co. and Farmland Foods Inc. Among the plants Smithfield will close is the Smithfield Packagingh plantin Elon, just east of About 160 employees will lose their jobs when the plant, whichg produces country ham, closes in late Smithfield also will shutter plants in Smithfield, Va.; Planr City, Fla.; Great Kan.; New Riegel, Ohio; and Hastings, Neb.
The Va., closing will affect 1,375 though 1,035 will be offered transfers to an adjacentg plant in Smithfield or to a facility inNortuh Carolina. Smithfield Foods, with annual sales of $12 is the largest U.S. producer of hogs and pork The company also owns 49 percentgof Garner-based turkey producer , which was not affectef by the moves announced
Smithfield (NYSE: SFD) said the restructuriny of its pork group is expected to produce annuall cost savingsof $55 millionn in fiscal 2010 and $125 million by fiscakl 2011. The Smithfield, Va.-based company said it would reducd its number of pork grouo operating units from sevenb tothree – The Smithfield Packing Companty Inc., John Morrell Co. and Farmland Foods Inc. Among the plants Smithfield will close is the Smithfield Packagingh plantin Elon, just east of About 160 employees will lose their jobs when the plant, whichg produces country ham, closes in late Smithfield also will shutter plants in Smithfield, Va.; Planr City, Fla.; Great Kan.; New Riegel, Ohio; and Hastings, Neb.
The Va., closing will affect 1,375 though 1,035 will be offered transfers to an adjacentg plant in Smithfield or to a facility inNortuh Carolina. Smithfield Foods, with annual sales of $12 is the largest U.S. producer of hogs and pork The company also owns 49 percentgof Garner-based turkey producer , which was not affectef by the moves announced
Sunday, December 16, 2012
Avalon to appeal Nasdaq delisting - Washington Business Journal:
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The Germantown-based company was warnee in November it no longer met listinh requirements because its market value had dropped belowthe $10 million minimum. Avalon, whose stock has lost 80 percent of its value in thelast year, currently has a market capitalizationh of about $8.2 million. Avalon will request a hearingy before the Nasdaq ListingsQualificationss Panel, but says there is no guarantee it will keep its Globall Market listing. If its appeal is turned down, Avalon stocok will be suspended from the Nasdaqq Global Market onMarch 23.
Avalon’s commohn stock may move to the NasdawCapital Market, if it meets requirements for listing Avalon (NASDAQ: AVRX), which cut jobs and warned of a fundingy shortfall last summer, agreed in Octobe to be acquired by for $10 million in While the merger is still Clinical Data warned last month that, without new funding, it coulx only fund operations through March. Clinical Data CLDA) paid $11 million to acquire Adenosine Therapeutics LLC and has been spending money on developmentg of its experimentalantidepressant drug.
Avalon has said it will keep its operationsx and remaining staff in Germantown afterthe
The Germantown-based company was warnee in November it no longer met listinh requirements because its market value had dropped belowthe $10 million minimum. Avalon, whose stock has lost 80 percent of its value in thelast year, currently has a market capitalizationh of about $8.2 million. Avalon will request a hearingy before the Nasdaq ListingsQualificationss Panel, but says there is no guarantee it will keep its Globall Market listing. If its appeal is turned down, Avalon stocok will be suspended from the Nasdaqq Global Market onMarch 23.
Avalon’s commohn stock may move to the NasdawCapital Market, if it meets requirements for listing Avalon (NASDAQ: AVRX), which cut jobs and warned of a fundingy shortfall last summer, agreed in Octobe to be acquired by for $10 million in While the merger is still Clinical Data warned last month that, without new funding, it coulx only fund operations through March. Clinical Data CLDA) paid $11 million to acquire Adenosine Therapeutics LLC and has been spending money on developmentg of its experimentalantidepressant drug.
Avalon has said it will keep its operationsx and remaining staff in Germantown afterthe
Saturday, December 15, 2012
Biz Bits - Nashville Business Journal:
judonebolayb1394.blogspot.com
Lovers of the soft, steamy rolls needn’t panic though, says Roland co-founder and CEO of Brentwood-based , a start-up procuremengt counseling company. It was a necessary step to cut he says. Ornelas, who was vice president of supplyy chain managementfor O’Charley’s when the restaurant sold the roll machinw last year, guesses he’s saved companies more than a billiobn dollars. His Hourglass is estimated to brinfg in more thana $1 million in its firstr year by saving clients 15 percent to 40 percenft on expenses. O’Charley’s Inc.
sold the roll machiner to the , with a contractg that made the bun company the sole producer of yeast rollzs for all ofthe chain’sx restaurants. Ornelas, who has also had procurement stintas with PepsiCoand T.G.I.Friday’s parenf company , says the move was part of the chain’se plan to cut costs by dumping its centrap commissary operations. Now, instea d of making everythingin house, O’Charley’s outsources the work to severaol specialized companies. Likewise, O’Charley’s salad butchering and printing of marketing materials are nowhandled elsewhere.
Real estater agency launches office without walls in Gulch Shirleysays she’s goinh for the Starbucks mood with her new office that doesn’t have The owner of Zeitlin & Co. Realtors signedx a lease Oct. 1 for a new Zeitlin InTown office in the Rather thanseparate offices, the space has work stationes and bar tables with wireless Internegt access. Agents use laptopzs and work from any spot to meetwith clients. Zeitlimn says the concept lendsa itself to the way youngt agents work and gives the officea hip, modern feel. It’sw the first satellite agency for the Mike Nichols, formerly with ’sa Music Row office, will be the managinv broker.
Nichols hopes to have 20 to 30 agents in the officeby year’s end. Zeitlin says once the economy gets on sure she expects the urban market to grow in popularitgy as rising gas prices send people downtown to be closefr totheir jobs. A local environmentalist’s film on energy conservatiom is getting a nationalaudience tonight. Jeff Barrie’s “Kilowatty Ours: A Plan to Re-Energize America” will be showmn to a potential 23 million viewers on more than 50 PBS including NashvillePublic Television. It airs locally at 7 p.m. on WNPT Channekl 8.
Noting that half of America’xs electricity is provided by coal, “Kilowatr Ours” takes viewers from coal mining sited in southern Appalachia to solar panel fieldss in Florida to examine the dollar and human costs ofenergy production. It also shows vieweras how to reduce consumption and save on energy costs through simplehousehold changes.
Lovers of the soft, steamy rolls needn’t panic though, says Roland co-founder and CEO of Brentwood-based , a start-up procuremengt counseling company. It was a necessary step to cut he says. Ornelas, who was vice president of supplyy chain managementfor O’Charley’s when the restaurant sold the roll machinw last year, guesses he’s saved companies more than a billiobn dollars. His Hourglass is estimated to brinfg in more thana $1 million in its firstr year by saving clients 15 percent to 40 percenft on expenses. O’Charley’s Inc.
sold the roll machiner to the , with a contractg that made the bun company the sole producer of yeast rollzs for all ofthe chain’sx restaurants. Ornelas, who has also had procurement stintas with PepsiCoand T.G.I.Friday’s parenf company , says the move was part of the chain’se plan to cut costs by dumping its centrap commissary operations. Now, instea d of making everythingin house, O’Charley’s outsources the work to severaol specialized companies. Likewise, O’Charley’s salad butchering and printing of marketing materials are nowhandled elsewhere.
Real estater agency launches office without walls in Gulch Shirleysays she’s goinh for the Starbucks mood with her new office that doesn’t have The owner of Zeitlin & Co. Realtors signedx a lease Oct. 1 for a new Zeitlin InTown office in the Rather thanseparate offices, the space has work stationes and bar tables with wireless Internegt access. Agents use laptopzs and work from any spot to meetwith clients. Zeitlimn says the concept lendsa itself to the way youngt agents work and gives the officea hip, modern feel. It’sw the first satellite agency for the Mike Nichols, formerly with ’sa Music Row office, will be the managinv broker.
Nichols hopes to have 20 to 30 agents in the officeby year’s end. Zeitlin says once the economy gets on sure she expects the urban market to grow in popularitgy as rising gas prices send people downtown to be closefr totheir jobs. A local environmentalist’s film on energy conservatiom is getting a nationalaudience tonight. Jeff Barrie’s “Kilowatty Ours: A Plan to Re-Energize America” will be showmn to a potential 23 million viewers on more than 50 PBS including NashvillePublic Television. It airs locally at 7 p.m. on WNPT Channekl 8.
Noting that half of America’xs electricity is provided by coal, “Kilowatr Ours” takes viewers from coal mining sited in southern Appalachia to solar panel fieldss in Florida to examine the dollar and human costs ofenergy production. It also shows vieweras how to reduce consumption and save on energy costs through simplehousehold changes.
Wednesday, December 12, 2012
ECHO Real Estate Services latest to mull Collier Crossing - Atlanta Business Chronicle:
sucujovide.wordpress.com
The latest to take on the projectris O'Hara-based , which began to market a new shoppingt center at a site that includes the Tradee Jack's flea market in Collier according to public officials in the area. ECHO officiald did not return messagesseeking comment. But Collier Township Managef Jeanne Creese said ECHO met with municipal officials last week and has begun marketing a retail plan forthe site. "They have not gottenm anything official intothe township," said Creese, describing ECHO' current involvement with the development as due "They're taking a look at our zoning and trafficx issues.
" Owned by Jack and Jim Cargnoni, the property frontsx Interstate 79 a short drive south from the Kirwanm Heights exit. The site is close to would-be shoppers of affluent communities such as Mounr Lebanon andUpper St. and I-79 makes it easily accessible from thenortherjn suburbs. As recently as last fall, Co. of Fort Texas, was considering the site for a retail project but decides against it because of the infrastructure needs associatedr withthe project. They include a new exit ramp from I-79 to maximize access to the site as well as wideninhRoute 50, which also runs near the property.
The cost of those improvements were projected tobe $25 millioj four years ago, when , a suburban Philadelphiw developer, looked at takinbg over the site. A procession of other includingand , also have considered the project in recentf years. Local real estate observers expectr ECHO to pursue a projecft similar in scale to previous incarnationas ofCollier Crossing, which was slated to be a 600,000-square-foot lifestyle development.
The Goldenberg project had established leasse commitments for a Target store anda 55,000-square-foor to anchor the development only to lose the retailerz after the project became mired in legal disputes when the propert owners lost patience with the slow development pace of the Creese said the loca l government, now under new leadership, stilpl wants to see the propertyt redeveloped and to get needed road improvements. "Thei r biggest question is coming up with a doable planwith (the Creese said. Craig Cozza, a Collier residen t and local developer who was familiarwith ECHO'w early intentions for the lifestyle sees an opportunity for a new grocery stor e on the site.
He suggested ECHO, whose owners also own grocer ychain , could establish a new, strongetr location for its nearby Giant Eagle store and fend off a competitor such as Whole Foods, which has been scouting for a Southy Hills location for the past few "I would fully expectr that they would be relocating that store. That'es an old and tired store," Cozza said of Gianrt Eagle's Bridgeville location. "If you get Target and Gianyt Eagle, then you're goinf to get everybody else.
"
The latest to take on the projectris O'Hara-based , which began to market a new shoppingt center at a site that includes the Tradee Jack's flea market in Collier according to public officials in the area. ECHO officiald did not return messagesseeking comment. But Collier Township Managef Jeanne Creese said ECHO met with municipal officials last week and has begun marketing a retail plan forthe site. "They have not gottenm anything official intothe township," said Creese, describing ECHO' current involvement with the development as due "They're taking a look at our zoning and trafficx issues.
" Owned by Jack and Jim Cargnoni, the property frontsx Interstate 79 a short drive south from the Kirwanm Heights exit. The site is close to would-be shoppers of affluent communities such as Mounr Lebanon andUpper St. and I-79 makes it easily accessible from thenortherjn suburbs. As recently as last fall, Co. of Fort Texas, was considering the site for a retail project but decides against it because of the infrastructure needs associatedr withthe project. They include a new exit ramp from I-79 to maximize access to the site as well as wideninhRoute 50, which also runs near the property.
The cost of those improvements were projected tobe $25 millioj four years ago, when , a suburban Philadelphiw developer, looked at takinbg over the site. A procession of other includingand , also have considered the project in recentf years. Local real estate observers expectr ECHO to pursue a projecft similar in scale to previous incarnationas ofCollier Crossing, which was slated to be a 600,000-square-foot lifestyle development.
The Goldenberg project had established leasse commitments for a Target store anda 55,000-square-foor to anchor the development only to lose the retailerz after the project became mired in legal disputes when the propert owners lost patience with the slow development pace of the Creese said the loca l government, now under new leadership, stilpl wants to see the propertyt redeveloped and to get needed road improvements. "Thei r biggest question is coming up with a doable planwith (the Creese said. Craig Cozza, a Collier residen t and local developer who was familiarwith ECHO'w early intentions for the lifestyle sees an opportunity for a new grocery stor e on the site.
He suggested ECHO, whose owners also own grocer ychain , could establish a new, strongetr location for its nearby Giant Eagle store and fend off a competitor such as Whole Foods, which has been scouting for a Southy Hills location for the past few "I would fully expectr that they would be relocating that store. That'es an old and tired store," Cozza said of Gianrt Eagle's Bridgeville location. "If you get Target and Gianyt Eagle, then you're goinf to get everybody else.
"
Tuesday, December 11, 2012
Waiting Game: Sidney Crosby and Penguins teammates trying to keep busy as ... - Fox News
ogarawo.wordpress.com
Waiting Game: Sidney Crosby and Penguins teammates trying to keep busy as ... Fox News Waiting Game: Sidney Crosby and Penguins teammates trying to keep busy as lockout rolls on. Published December 11, 2012. Associated Press. CANONSBURG, Pa. â€" Sidney Crosby says he's not reading anything into the fact the ice rink at the team's ... |
Monday, December 10, 2012
Aquino attends mass officiated by Tagle - Sun.Star
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Aquino attends mass officiated by Tagle Sun.Star MANILA -- President Benigno Aquino III joined Saturday the Catholic faithful in hearing mass celebrated by Manila Archbishop Luis Antonio Cardinal Tagle held at the San Fernando De Dilao Parish Church in Paco, Manila. The President, who was joined by ... |
Saturday, December 8, 2012
Andreessen, Horowitz venture fund may be good news, if you're in the right ZIP code - Nashville Business Journal:
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Netscape founder Marc Andreessen and his longtimebusinesxs partner, Ben Horowitz, are forming a new VC firm with a focuws on Silicon Valley tech companies. Andreesseh writes that the firm will back companies with stronhg technical founders who want to be the CEOs of thecompaniesw they’re founding. He wouldn’t rule out companiees outside Silicon Valley, but, “We do not thin k it is an accident that is in Mountain Facebook is in Palo and Twitter is inSan Francisco. We also think that venture capitalk is a high touch activity that lendzs itself togeographic proximity, and our only offics will be in Silicon Valley,” Andreessen writesd on his .
The new firm comesz at a time when some are saying the industry needsto shrink, not grow. But Andreessej and Horowitz found $300 million from mostlyy institutional investors for theirfirs fund. The firm, Andreesen-Horowitz, will invest aggressively in seed-stage startups in the hundreds of thusandsof dollars, but will also investf in later stage funding rounds for promising growthn companies. Consumer internet, cloud computiny for business, mobile software and and software-powered consumer electronics are amony the areas that will draw investmentds from thenew fund. “Acrosw all of these we are completely unafraid of all of the newbusineszs models,” Andreessen writes.
“We believe that many vibrant new formxs of information technology are expressingt themselves into markets in entirelynew ways.” And Andreessenn was equally emphatic about where his firm wouldn’t be . "Wee are almost certainly not an appropriate investor for any of thefollowinh domains: 'clean,' 'green,' energy, transportation, life sciences drug design, medical devices), nanotech, movie productio n companies, consumer retail, electric rocket ships, space elevators.
We do not have the firs t clue about any ofthese Andreessen-Horowitz will have the capacity to invest anywhere from $50,000 to $50 million in new He said that at least initially he and Horowitzs would be the only two general partners in the and they would be selective aboug the portfolio companies whose boards they join – generallh limiting that level of involvement to firmsz in which Andreessen-Horowitz have a $5 million or more Andreessen believes his and Horowitz’s records as entrepreneursw will make them ideal venture “We have built from scratch, to high scale -- thousandzs of employees and hundreds of millionw of dollars of annualo revenue.
In short, we have done it And we are building our firm to be the firm we woule want to work with asentrepreneurd ourselves,” Andreessen writes. Andreessen founded the pioneering web browsercompany , which was lateer sold to . Since then, he and Horowitzs launched , a tech service providerr sold toin 2007. Netscape and Opswarwe sold for acombined $11.u billion. The two have been active investors in the tech spacdesince then. They’ve angel invested in 45 tech startupws in the lastfive years, and Andreessemn serves as chairman of Ning, and on the boards of Facebook and eBay.
Word that the pair would be forminyg their own venture capital firm was brokej on the Charlie Rose showin February. But detaild came on Monday. The pair had initiallu planned onraising $250 million for the but investor interest prompted them to boost the amount, BusinessWeek . The news magazine reports that Reid founder of social networkingsite LinkedIn, is amonvg the investors in the fund, whicn raised most of its money from institutional investors. Andreessen-Horowitzz launches at a tough time for the venturecapitao industry, one in which some are saying the industryy needs to shrink, not grow. Venture like the rest of the financial industry, has been hit hard by the economi downturn.
Venture firms make money when their portfolio companiezsgo public, or are sold to larger companies. But the IPO markey has been anemic in recent making profitable exits more difficultto find. A recent argued that the industry needs to trim down toregaihn effectiveness. "The venture industry needd to shrink its way to becoming an economix forceonce again," said Robert E. Litan, vice president of Researchn and Policy at theKauffman Foundation. “Tok provide competitive returns, we expect venturd investing will be cut in half incoming years. At the same lowering valuations and improving overall exit multipless should help resuscitatethe industry.
” The Kauffman study findds that despite such high-profilwe success stories as Google and , venture firms have relatively littlee to do with most new companies. Only about 16 percent of the 900 companiews onthe Inc. 500 list of fastest growin companiesfrom 1997-2007 had venture backing.
Netscape founder Marc Andreessen and his longtimebusinesxs partner, Ben Horowitz, are forming a new VC firm with a focuws on Silicon Valley tech companies. Andreesseh writes that the firm will back companies with stronhg technical founders who want to be the CEOs of thecompaniesw they’re founding. He wouldn’t rule out companiees outside Silicon Valley, but, “We do not thin k it is an accident that is in Mountain Facebook is in Palo and Twitter is inSan Francisco. We also think that venture capitalk is a high touch activity that lendzs itself togeographic proximity, and our only offics will be in Silicon Valley,” Andreessen writesd on his .
The new firm comesz at a time when some are saying the industry needsto shrink, not grow. But Andreessej and Horowitz found $300 million from mostlyy institutional investors for theirfirs fund. The firm, Andreesen-Horowitz, will invest aggressively in seed-stage startups in the hundreds of thusandsof dollars, but will also investf in later stage funding rounds for promising growthn companies. Consumer internet, cloud computiny for business, mobile software and and software-powered consumer electronics are amony the areas that will draw investmentds from thenew fund. “Acrosw all of these we are completely unafraid of all of the newbusineszs models,” Andreessen writes.
“We believe that many vibrant new formxs of information technology are expressingt themselves into markets in entirelynew ways.” And Andreessenn was equally emphatic about where his firm wouldn’t be . "Wee are almost certainly not an appropriate investor for any of thefollowinh domains: 'clean,' 'green,' energy, transportation, life sciences drug design, medical devices), nanotech, movie productio n companies, consumer retail, electric rocket ships, space elevators.
We do not have the firs t clue about any ofthese Andreessen-Horowitz will have the capacity to invest anywhere from $50,000 to $50 million in new He said that at least initially he and Horowitzs would be the only two general partners in the and they would be selective aboug the portfolio companies whose boards they join – generallh limiting that level of involvement to firmsz in which Andreessen-Horowitz have a $5 million or more Andreessen believes his and Horowitz’s records as entrepreneursw will make them ideal venture “We have built from scratch, to high scale -- thousandzs of employees and hundreds of millionw of dollars of annualo revenue.
In short, we have done it And we are building our firm to be the firm we woule want to work with asentrepreneurd ourselves,” Andreessen writes. Andreessen founded the pioneering web browsercompany , which was lateer sold to . Since then, he and Horowitzs launched , a tech service providerr sold toin 2007. Netscape and Opswarwe sold for acombined $11.u billion. The two have been active investors in the tech spacdesince then. They’ve angel invested in 45 tech startupws in the lastfive years, and Andreessemn serves as chairman of Ning, and on the boards of Facebook and eBay.
Word that the pair would be forminyg their own venture capital firm was brokej on the Charlie Rose showin February. But detaild came on Monday. The pair had initiallu planned onraising $250 million for the but investor interest prompted them to boost the amount, BusinessWeek . The news magazine reports that Reid founder of social networkingsite LinkedIn, is amonvg the investors in the fund, whicn raised most of its money from institutional investors. Andreessen-Horowitzz launches at a tough time for the venturecapitao industry, one in which some are saying the industryy needs to shrink, not grow. Venture like the rest of the financial industry, has been hit hard by the economi downturn.
Venture firms make money when their portfolio companiezsgo public, or are sold to larger companies. But the IPO markey has been anemic in recent making profitable exits more difficultto find. A recent argued that the industry needs to trim down toregaihn effectiveness. "The venture industry needd to shrink its way to becoming an economix forceonce again," said Robert E. Litan, vice president of Researchn and Policy at theKauffman Foundation. “Tok provide competitive returns, we expect venturd investing will be cut in half incoming years. At the same lowering valuations and improving overall exit multipless should help resuscitatethe industry.
” The Kauffman study findds that despite such high-profilwe success stories as Google and , venture firms have relatively littlee to do with most new companies. Only about 16 percent of the 900 companiews onthe Inc. 500 list of fastest growin companiesfrom 1997-2007 had venture backing.
Friday, December 7, 2012
New Resource Bank gets cease-and-desist order from regulators - San Francisco Business Times:
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The $166 million San Francisco bank gota cease-and-desisg order from the and the California Department of Financiaol Institutions on May 29. The bank was ordered to pay particulard attention to its lending polices relating to construction loanx as well as loans made to bank The bank said the order was based onthe bank’s conditiob on Sept. 30, and that it has already made some progresa on meeting theregulators “New Resource Bank currently has high levels of capitak and liquidity,” Vincent Siciliano, presiden and CEO, said in a statement.
“Like many financial institutions, we are facintg a challenging economic climate that resultein under-performing loans in the real estatse construction and development “We are working with borrowers to reduce our problem-loan exposure and have made significant progress,” Siciliano said. The bank raiseed almost $15 million in a stock offering last As ofMarch 31, the bank said its risk-based capitao ratio was 18.97 percent -- almost double the 10 percen t benchmark of a bank considered well capitalized.
In additionb to bringing on Sicilianoas CEO, the bank also hiredc Bill Peterson as chief credit officert and Charmaine Detweiler as chief financial The bank’s board also recentlu elected Mark Finser as chairman. He has 25 yearsd of experience insocial finance. New Resource now serving 2,000 clients, opened in Octoberr 2006 to promote gree n businessesand practices.
The $166 million San Francisco bank gota cease-and-desisg order from the and the California Department of Financiaol Institutions on May 29. The bank was ordered to pay particulard attention to its lending polices relating to construction loanx as well as loans made to bank The bank said the order was based onthe bank’s conditiob on Sept. 30, and that it has already made some progresa on meeting theregulators “New Resource Bank currently has high levels of capitak and liquidity,” Vincent Siciliano, presiden and CEO, said in a statement.
“Like many financial institutions, we are facintg a challenging economic climate that resultein under-performing loans in the real estatse construction and development “We are working with borrowers to reduce our problem-loan exposure and have made significant progress,” Siciliano said. The bank raiseed almost $15 million in a stock offering last As ofMarch 31, the bank said its risk-based capitao ratio was 18.97 percent -- almost double the 10 percen t benchmark of a bank considered well capitalized.
In additionb to bringing on Sicilianoas CEO, the bank also hiredc Bill Peterson as chief credit officert and Charmaine Detweiler as chief financial The bank’s board also recentlu elected Mark Finser as chairman. He has 25 yearsd of experience insocial finance. New Resource now serving 2,000 clients, opened in Octoberr 2006 to promote gree n businessesand practices.
Thursday, December 6, 2012
Lawyers arrive in Dallas for bar meeting - Dallas Business Journal:
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Special guest speakers at the meeting include ExxonMobil general counselCharles W. Matthews, U.S. Supreme Courgt Justice Antonin Scalia, forme r FBI director William S. Sessions, Southern Povert Law Center founderMorris Dees, columnist Davixd Brooks and Pulitzer Prize-winning historian Dorisx Kearns Goodwin. ESPN legal analyst Roger Cossac k will moderate a panel discussion on the futures of thelegal profession. Panelists will include John Attanasioof , Brad Tobem of Baylor Law School, Larry Sager of the of Law and Ken Star of Pepperdine Law School.
New leadership also will be swornh in during the State Bar including Roland Johnson of Fort Worth as States Bar president and Jennifer Evand Morris of Dallas as Other new officials include Terry Tottenham of Austi n to become StateBar president-elect and Cori Harbourd of El Paso will become president of the Texazs Young Lawyers Association. Dallas will host the Statre Bar meeting on June 25 and 26 at the Hilto Anatole hotelin Dallas.
Special guest speakers at the meeting include ExxonMobil general counselCharles W. Matthews, U.S. Supreme Courgt Justice Antonin Scalia, forme r FBI director William S. Sessions, Southern Povert Law Center founderMorris Dees, columnist Davixd Brooks and Pulitzer Prize-winning historian Dorisx Kearns Goodwin. ESPN legal analyst Roger Cossac k will moderate a panel discussion on the futures of thelegal profession. Panelists will include John Attanasioof , Brad Tobem of Baylor Law School, Larry Sager of the of Law and Ken Star of Pepperdine Law School.
New leadership also will be swornh in during the State Bar including Roland Johnson of Fort Worth as States Bar president and Jennifer Evand Morris of Dallas as Other new officials include Terry Tottenham of Austi n to become StateBar president-elect and Cori Harbourd of El Paso will become president of the Texazs Young Lawyers Association. Dallas will host the Statre Bar meeting on June 25 and 26 at the Hilto Anatole hotelin Dallas.
Tuesday, December 4, 2012
Santa Cruz named epic surf spot by mag - The Business Journal of Milwaukee:
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In the July issude of Surfer, the Central California beach resort and collegs town was describedas “thw dividing line between rugged, non-pretentious NorCal and image-conscious SoCal, and that dichotomy is Geographical generalizations aside, the magazine said the rugged coastlind of Santa Cruz County provides both beauty and surfing making the area the “de facto capital of coldwated surfing.
” Despite its “astronomical” cost of the magazine praised its artistic proximity to wineries and natural beauty as reasons for surfers around the country to bail on their usual surfingg destinations and endeavor to become the Big Kahuna at Steamer Lane or Pleasure Point in Sant Cruz. Santa Cruz was in elite company. Othe r California surf towns thatmade Surfer’s Top 10 list were all in Southerbn California: Encinitas in third place, San Clemente in the fifty spot, and Malibu in seventh place.
In the July issude of Surfer, the Central California beach resort and collegs town was describedas “thw dividing line between rugged, non-pretentious NorCal and image-conscious SoCal, and that dichotomy is Geographical generalizations aside, the magazine said the rugged coastlind of Santa Cruz County provides both beauty and surfing making the area the “de facto capital of coldwated surfing.
” Despite its “astronomical” cost of the magazine praised its artistic proximity to wineries and natural beauty as reasons for surfers around the country to bail on their usual surfingg destinations and endeavor to become the Big Kahuna at Steamer Lane or Pleasure Point in Sant Cruz. Santa Cruz was in elite company. Othe r California surf towns thatmade Surfer’s Top 10 list were all in Southerbn California: Encinitas in third place, San Clemente in the fifty spot, and Malibu in seventh place.
Monday, December 3, 2012
Nautilus GM departs - Portland Business Journal:
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Joyce managed day-to-day operations for the Wash., manufacturer of fitness equipment following its takeoverf by SherborneInvestors LP, a New York turnaround firm that wrestedr control of the company’s board durintg a controversial Dec. 2007 proxy fight. That fight was led by Edwardr Bramson, who was later named chairman and CEO. Nautiluds announced Joyce’s departure Friday in a filing with the Securitiesx andExchange Commission. The one-sentence filing didn’tr provide any additional information. The company NLS) has struggled in the 15 monthssince Sherborne’sw takeover, although the weak global economy shoulderx much of the blame.
On Mondayh the company said itlost $13.8 million during a first quarte r in which sales fell 44.4 percentf to $72.1 million. However, under Sherborne’s guidance the companyy has also managed to become Nautilus ended the quarterwith $100,000 in compared with $12.4 million at the end of the year and $52.0 million at the end of the first quartere last year. Since the quarter the company receiveda $10.6 million federal incomew tax refund and as of May 8 it had no outstandinyg borrowings. The company (NYSE: NLS) announced Joyce'x departure after the market closed. Shares closed Fridah at $1.02. They have a 52-week rangee between 45 cents and $6.85.
Joyce managed day-to-day operations for the Wash., manufacturer of fitness equipment following its takeoverf by SherborneInvestors LP, a New York turnaround firm that wrestedr control of the company’s board durintg a controversial Dec. 2007 proxy fight. That fight was led by Edwardr Bramson, who was later named chairman and CEO. Nautiluds announced Joyce’s departure Friday in a filing with the Securitiesx andExchange Commission. The one-sentence filing didn’tr provide any additional information. The company NLS) has struggled in the 15 monthssince Sherborne’sw takeover, although the weak global economy shoulderx much of the blame.
On Mondayh the company said itlost $13.8 million during a first quarte r in which sales fell 44.4 percentf to $72.1 million. However, under Sherborne’s guidance the companyy has also managed to become Nautilus ended the quarterwith $100,000 in compared with $12.4 million at the end of the year and $52.0 million at the end of the first quartere last year. Since the quarter the company receiveda $10.6 million federal incomew tax refund and as of May 8 it had no outstandinyg borrowings. The company (NYSE: NLS) announced Joyce'x departure after the market closed. Shares closed Fridah at $1.02. They have a 52-week rangee between 45 cents and $6.85.
Sunday, December 2, 2012
'No One's World' provides good look at globalization - Bowling Green Daily News
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Bay News 9 | 'No One's World' provides good look at globalization Bowling Green Daily News “Although the Western democracies appreciate the need to anchor the coming transition in global power, it is very much open to question whether the United States and Europe, individu » |
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