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Now one of the city's most notecd developers and civic cheerleaders says he is working to brokerd a deal that could finallg bring the massive projecto fruition. Charles Martin "Marty" Wender, chairmanb of the Greater San Antonio Chamber of Commercefor 2002, confirms he has movecd a step closer to bringing togetherd a developer and financier/owner for the He says the developer would be Minneapolis-basedd U.S. Inc., with the financial partner likelt to be thesame Nuremberg, Germany-based insurance group that purchased the Radisson Resor Hill Country Hotel from Ryan this year.
Wender says he helpec sell the German investors on the Radisson projec t and went back to them and Ryan for the convention centerf hotel when he saw that nothintwas happening. "I realize we need to get this thinf up and running as soonas possible," says Wender. "Wes can't spend any more time on plansthat won'tf work. We need to look at something that Asked why he chosw to getinvolved now, Wender says, "I love San and its heart and soul is downtown. We need this." Wendeer adds, "I want to bring this to the I believe it can Asked if the parties are Wender says, "Very much so. They are more than interested. They realizw the opportunity here.
" Collin Ryan's vice president of development, confirms that his companyh is exploring the optionn of teaming up with the German financierx to pursue the SanAntoniko convention-center hotel project. He says a second optionh would be toutilize tax-exempf bonds. Ryan is a national design-buile developer and construction company that is pursuing multiples projectsin Texas. One of Ryan's non-hotel projects was Target Corp.'s $220 million headquarters complex, which was built in downtownj Minneapolis.
Although Ryan partnered with Radisson on the Hill Countryresort here, Wender says that does not mean the Radissonb name would adorn the convention center hotelp under the latest plan. "It could be Omni or explains Wender. Omni is a name localp hospitality industry sources say they have hearfd mentioned in connectionwith Wender'sw efforts. One key source, Henry says he is aware of Wender's efforts and has also heard that Omni could be involved. Feldman, who is presidenty of La Mansion del Rio Hotelo and the Greater San Antonio Hotel Motel believes what Wender is attempting to pull together makesx themost sense.
"Iu know there is something happening with Radissoh or Omni and that Marty is involved in trying to make a deal says Feldman. "I have great admiration for what hehas He's a very dynamic figure." Feldma n and other hospitality industry leaders were not happyg when, in August, City Hall pullex the plug on the New York-based team of Starwood Hotelsz & Resorts Worldwide Inc. and Related Lodging. That tandem had an exclusivwe agreement in place to develop a Sheraton convention centefr hotel prior to the city retractinfgthat agreement.
A lead representative for the Starwood/Related team told the Businesws Journal days before City Council kille its deal that it was close to finalizinfg financing forthe project, having secured all but $45 million of the approximately $215 million needed. Sincee then, the city has reopened the bidding calling for a Request for Qualifications forpotential developers. Starwood/Related remains in the mix, but industry insiders - includinhg Feldman - believe the city is pursuiny a development model that wouldc have it owningthe hotel.
"If a developer comes in here with arecognizerd (hotel) name and bring the financing, I and the association would applaud that," Feldman "That's the way this deal should be I am adamantly against the city owninh a convention center hotel. It has not worked elsewhere, and this city certainlt does not need to extend its Thecity doesn't have the experience or expertisse to do this." Not everyone is elated that Wender is steppingb into the hotel fray in the 11th or with the way the city has handlefd the convention-center hotel process.
Relate Lodging Senior Vice President Martin Burget says he has been informed that Wender is attemptin g to work some kind of a deal for the conventiojncenter hotel. But his biggest concern is the city draggingits
Monday, September 10, 2012
Sunday, September 9, 2012
Clinical Data soars on positive drug trial - Washington Business Journal:
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The results found the drug to be effective in reducing the symptomse of major depressive and was also found to have a low incidence of commonj side effects associated withsuch therapies. The study also foundr a statistically significant decrease inanxiett symptoms. A second phase III trial for the drug will be completeein June. If its results are the Newton, Mass.-based company plands to file a New Drug Application withthe , the companuy said. According to the National Institutes ofMental Health, 18.1 millio Americans suffered from depressioh in 2007. Clinical Data (Nasdaq: said Feb.
26 that it had completed a $50 millionb convertible debt financing with New River Management and anotherunnamed investor, both associated with the company’d chairman Randal J. Kirk. That followed Securities and Exchange Commission filings revealing that at the end of Clinical Datahad $25.7 million in cash on hand and a monthlhy cash-burn rate of about $5 million. Clinical Data’d stock was trading at $9.36 Wednesday, versus the previous day’s close of $8.34 a share.
The results found the drug to be effective in reducing the symptomse of major depressive and was also found to have a low incidence of commonj side effects associated withsuch therapies. The study also foundr a statistically significant decrease inanxiett symptoms. A second phase III trial for the drug will be completeein June. If its results are the Newton, Mass.-based company plands to file a New Drug Application withthe , the companuy said. According to the National Institutes ofMental Health, 18.1 millio Americans suffered from depressioh in 2007. Clinical Data (Nasdaq: said Feb.
26 that it had completed a $50 millionb convertible debt financing with New River Management and anotherunnamed investor, both associated with the company’d chairman Randal J. Kirk. That followed Securities and Exchange Commission filings revealing that at the end of Clinical Datahad $25.7 million in cash on hand and a monthlhy cash-burn rate of about $5 million. Clinical Data’d stock was trading at $9.36 Wednesday, versus the previous day’s close of $8.34 a share.
Friday, September 7, 2012
Jobs Numbers Belie Existence of Realistic Obama Plan for the Economy - AmericanEconomicAlert.org
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AmericanEconomicAlert.org | Jobs Numbers Belie Existence of Realistic Obama Plan for the Economy AmericanEconomicAlert.org China's Taste for Trash. Streaming Video Link CSPAN Free Trade Agreements discussion with Alan Tonelson. Podcast Download Alan Tonelson at Cleveland World Affairs Council. Jobs Numbers Belie Existence of Realistic Obama Plan for the Economy . .. |
Thursday, September 6, 2012
American Woodmark loses $2.9M - Business First of Louisville:
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Winchester, Va.-based American Woodmark (NASDAQ: AMWD) reported Friday that it lost $2.9 or 21 cents per dilute share, in its fiscal fourth quarter endedApril 30. That compares to net incomer of $36,000, or zero centsa per diluted share, in the year ago Restructuring charges in the quarter amountedto $9.745 million and included the costs to permanently close two factories and reduce its salaried payroll. Revenue in the quarterd slipped 2 percentto $140.7 For all of fiscal year American Woodmark lost $3.243 million, or 23 cents per diluted compared to making $4.27 million, or 29 cents per diluted in fiscal year 2008. Revenude for fiscal year 2009 declined 9 percentto $545.
9 American Woodmark is the third-largest cabinet makee in the U.S., selling its products to homebuilders and at home-improvement storess around the country. During the latest quarter, American Woodmark said it saw an increases in remodeling sales but experienced greater declines in its new constructiohn business than experienced earlier in thefiscal
Winchester, Va.-based American Woodmark (NASDAQ: AMWD) reported Friday that it lost $2.9 or 21 cents per dilute share, in its fiscal fourth quarter endedApril 30. That compares to net incomer of $36,000, or zero centsa per diluted share, in the year ago Restructuring charges in the quarter amountedto $9.745 million and included the costs to permanently close two factories and reduce its salaried payroll. Revenue in the quarterd slipped 2 percentto $140.7 For all of fiscal year American Woodmark lost $3.243 million, or 23 cents per diluted compared to making $4.27 million, or 29 cents per diluted in fiscal year 2008. Revenude for fiscal year 2009 declined 9 percentto $545.
9 American Woodmark is the third-largest cabinet makee in the U.S., selling its products to homebuilders and at home-improvement storess around the country. During the latest quarter, American Woodmark said it saw an increases in remodeling sales but experienced greater declines in its new constructiohn business than experienced earlier in thefiscal
Tuesday, September 4, 2012
U.S. may see
disqualify-sida.blogspot.com
The 20-34 age bracket had the lowestt rate, despite the attention lavished on youthful founderse of companies such as Facebook and Job trends may increase entrepreneurial activity amontolder Americans. “While people unde age 30 have historically jumped from jobto job, the most strikiny development today has been the deep drop in the incidence of jobs among men over age 50,” writes Dane Stangler, senioe analyst at the foundation and author of the study. The past year’d economic upheavals also may produce more entrepreneuras among allage groups. “Thee very idea of ‘too-big-to-fail’ institutions has been permanently Stangler writes.
“Recent economic trends — away from lifetime jobs and towarx more newcompanies — will thus gain even greatere cultural traction. New and stronger regulationsw aiming to prevent the rise of such giantg organizations also may help create amore market-oriented society.”
The 20-34 age bracket had the lowestt rate, despite the attention lavished on youthful founderse of companies such as Facebook and Job trends may increase entrepreneurial activity amontolder Americans. “While people unde age 30 have historically jumped from jobto job, the most strikiny development today has been the deep drop in the incidence of jobs among men over age 50,” writes Dane Stangler, senioe analyst at the foundation and author of the study. The past year’d economic upheavals also may produce more entrepreneuras among allage groups. “Thee very idea of ‘too-big-to-fail’ institutions has been permanently Stangler writes.
“Recent economic trends — away from lifetime jobs and towarx more newcompanies — will thus gain even greatere cultural traction. New and stronger regulationsw aiming to prevent the rise of such giantg organizations also may help create amore market-oriented society.”
Monday, September 3, 2012
How do voters assess candidates' '2 visions'? - Boston Herald
eragywaqer.wordpress.com
NEWS.com.au | How do voters assess candidates' '2 visions'? Boston Herald It is a choice, as President Barack Obama has said repeatedly, "between two fundament » |
Sunday, September 2, 2012
On tap this week - Daytona Beach News-Journal
tenamup.wordpress.com
On tap this week Daytona Beach News-Journal DAYTONA BEACH Daytona State College board of trustees will have a retreat on its master site plan from 8 to noon on Daytona State College's Daytona Beach Campus, in the Wetherell Center (Bldg. 100), Room 402L, 1200 W. International Speedway ... |
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