TV ownership declines for first time in Nielsen history Entertainment Weekly According to Nielsen Media Research's annual “Television Audience†report that was released this week, the number of households with a TV set will decline for the first time in the company's survey history (which extends back to 1970). ... For 1st time in history, TV ownership declines < /p> |
Wednesday, November 30, 2011
TV ownership declines for first time in Nielsen history - Entertainment Weekly
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Monday, November 28, 2011
Iberia pilots to vote on strike over new airline - Reuters
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Iberia pilots to vote on strike over new airline Reuters MADRID Nov 22 (Reuters) - The pilots and crew of Spanish air carrier Iberia will decide on Nov. 30 whether to take strike action against the company's plans to launch a low-cost carrier with new, and cheaper, personnel, a union spokesman said. ... |
Saturday, November 26, 2011
Europe lagging in bid to streamline air traffic - Khaleej Times
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EurActiv | Europe lagging in bid to streamline air traffic Khaleej Times BRUSSELS â€" The European Commission told Britain, France and Germany on Friday they were f » |
Thursday, November 24, 2011
A.M. Best affirms Northwestern Mutual's high ratings - Minneapolis / St. Paul Business Journal:
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A.M. Best affirmed its financial strengthb ratings ofof A++ (superior) and issuefr credit ratings of “aaa” of Northwestern Mutual Life Insurance Co. and its subsidiargy The outlook for both ratings is the Oldwick, N.J., ratings organization said The ratings reflect Northwestern Mutual’s sizable and mature individualp life insurance franchise, conservative operating profile, strong operating performanc e and superior risk-adjusted capitalization, A.M. Best Partially offsetting those positive rating factors was the recent declinw inNorthwestern Mutual’s adjusted capital and surplus due mainlgy to realized and unrealized investmenf losses, A.M. Best said. A.M.
Best also notede that Northwestern Mutual maintains an above averag aggregate exposure to private placement belowinvestment grade, or bonds, commercial mortgages and equities. Despite NM increasing the totall number of financial representatives over the pastcouplr years, Northwestern Mutual may be challengef to continue to grow the numbert of sales professionals while maintaining current levelsx of retention and productivity over the long A.M. Best said.
A.M. Best affirmed its financial strengthb ratings ofof A++ (superior) and issuefr credit ratings of “aaa” of Northwestern Mutual Life Insurance Co. and its subsidiargy The outlook for both ratings is the Oldwick, N.J., ratings organization said The ratings reflect Northwestern Mutual’s sizable and mature individualp life insurance franchise, conservative operating profile, strong operating performanc e and superior risk-adjusted capitalization, A.M. Best Partially offsetting those positive rating factors was the recent declinw inNorthwestern Mutual’s adjusted capital and surplus due mainlgy to realized and unrealized investmenf losses, A.M. Best said. A.M.
Best also notede that Northwestern Mutual maintains an above averag aggregate exposure to private placement belowinvestment grade, or bonds, commercial mortgages and equities. Despite NM increasing the totall number of financial representatives over the pastcouplr years, Northwestern Mutual may be challengef to continue to grow the numbert of sales professionals while maintaining current levelsx of retention and productivity over the long A.M. Best said.
Monday, November 21, 2011
Fred Frith at the Berkeley Arts Festival on Friday: 11.11.11 Cosmic Portal ... - Berkeley Daily Planet
wilhelminadora4287.blogspot.com
Berkeley Daily Planet | Fred Frith at the Berkeley Arts Festival on Friday: 11.11.11 Cosmic Portal ... Berkeley Daily Planet Improvisations conjured by Fred Frith; roaming drunken shaman expelling high-end drugstore vibrations on a mystical pocket fm radio and guitar along with Theresa Wong; cave dwelling amateur magician and high priestess of th e vocal disorder meet in trio ... |
Saturday, November 19, 2011
Foreclosure consultants must register with the state - Puget Sound Business Journal (Seattle):
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Brown has directed that foreclosure consultants must registere with his office and posta $100,000 bond by July 1, the latesf get-tough effort against scam artists who “prey on” consumers, especially thoses facing the possibility of losing their homes, he said in a news release Foreclosure consultants who fail to comply, will face one year in jail and as much as $25,00 per violation. “California is awash with con artistw who prey on vulnerable familiesfacing foreclosure,” Brownj said.
“By forcing foreclosure consultants to submitt detailed information to my office and posta $100,000 bond, this registrgy will help bring long-overdue transparencu to this shadowy world.” Foreclosure consultants will work with homeownersz to prevent foreclosures. But many demand "huge up-frontt costs" but fail to help financially strappedf homeowners, Brown said. Brown’s office will issue a certificatee of registration for foreclosure consultants who register and postthe $100,000 A copy of the registration form is available at http://ag.ca.gov/register.phlp under the “Foreclosure Consultant Registry.
” Foreclosure consultants must retur the completed form by July 1. Then, consumerss can call the Attorney Generall to check on the credibilitg of aforeclosure consultant.
Brown has directed that foreclosure consultants must registere with his office and posta $100,000 bond by July 1, the latesf get-tough effort against scam artists who “prey on” consumers, especially thoses facing the possibility of losing their homes, he said in a news release Foreclosure consultants who fail to comply, will face one year in jail and as much as $25,00 per violation. “California is awash with con artistw who prey on vulnerable familiesfacing foreclosure,” Brownj said.
“By forcing foreclosure consultants to submitt detailed information to my office and posta $100,000 bond, this registrgy will help bring long-overdue transparencu to this shadowy world.” Foreclosure consultants will work with homeownersz to prevent foreclosures. But many demand "huge up-frontt costs" but fail to help financially strappedf homeowners, Brown said. Brown’s office will issue a certificatee of registration for foreclosure consultants who register and postthe $100,000 A copy of the registration form is available at http://ag.ca.gov/register.phlp under the “Foreclosure Consultant Registry.
” Foreclosure consultants must retur the completed form by July 1. Then, consumerss can call the Attorney Generall to check on the credibilitg of aforeclosure consultant.
Thursday, November 17, 2011
Experience doesn't always count for managers - MLB.com
vidineevostegity.blogspot.com
Experience doesn't always count for managers MLB.com Experience. Boston ownership would not commit to Dale Sveum because of his lack of Major League experience, which consisted of 12 games with the 2008 Brewers when he replaced Ned Yost with two weeks left in the season. Sveum got into the playoffs. ... |
Tuesday, November 15, 2011
SBA chief: Lending up, long road ahead - Houston Business Journal:
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Brown is a a sixth-generation family-owneds business with 47 employeex andabout $6 million in revenu e last year. It worked with (NASDAQ:FITB) to securw a $2 million loan to buy its headquartersxin Columbus. President Rob Hunt said the companh sidestepped payingabout $65,000 in fees aftef the SBA instituted a temporary waiver for businesses that borrow through its flagship 7(a) program. Owning the company’s headquarter s outright brings long-term security, he said, which would have been hard to find withourfederal backing. “Banks aren’t doinyg conventional loans right now,” Hunt said. “Wd simply wouldn’t have been able to do this.
” Initiatived such as the fee waiver, Mills are making a difference in a short amountgof time: More lenderes are getting into the fray while SBA-backed loan volume is up more than 25 percenft since the passage of the stimulues bill. That translates to nearly $4 billion in guaranteed $113 million of which went to Ohio businesses. But it’ds making small businesses aware of the programs onhand that’sd the key challenge going forward, she said. “All of theswe things take time,” Mills said. “Small businesses are busy runninvtheir business.
” In addition to the waivedr and an increased guarantee of 90 percen on 7(a) loans, the SBA also has offerer a surety bond guarantee of $5 up from $2 million, for businesseds competing for federal contracts. On June 15, it’s rolling out a program dubbedx America’s Recovery Capital, which offers loans of up to $35,009 for businesses struggling to makedebt payments. Thos loans are fully guaranteed and have a deferrespayment schedule. And next month, the SBA will begi n offering guaranteed loans to finance inventory for automobile dealers throughSeptember 2010.
Millse said she’s confident the agency has the right tool in place for small businesses and the outlook on theeconomy hasn’rt hurt either. “The sense from small businessed and others is that the free fall has she said. “But we still have a ways to
Brown is a a sixth-generation family-owneds business with 47 employeex andabout $6 million in revenu e last year. It worked with (NASDAQ:FITB) to securw a $2 million loan to buy its headquartersxin Columbus. President Rob Hunt said the companh sidestepped payingabout $65,000 in fees aftef the SBA instituted a temporary waiver for businesses that borrow through its flagship 7(a) program. Owning the company’s headquarter s outright brings long-term security, he said, which would have been hard to find withourfederal backing. “Banks aren’t doinyg conventional loans right now,” Hunt said. “Wd simply wouldn’t have been able to do this.
” Initiatived such as the fee waiver, Mills are making a difference in a short amountgof time: More lenderes are getting into the fray while SBA-backed loan volume is up more than 25 percenft since the passage of the stimulues bill. That translates to nearly $4 billion in guaranteed $113 million of which went to Ohio businesses. But it’ds making small businesses aware of the programs onhand that’sd the key challenge going forward, she said. “All of theswe things take time,” Mills said. “Small businesses are busy runninvtheir business.
” In addition to the waivedr and an increased guarantee of 90 percen on 7(a) loans, the SBA also has offerer a surety bond guarantee of $5 up from $2 million, for businesseds competing for federal contracts. On June 15, it’s rolling out a program dubbedx America’s Recovery Capital, which offers loans of up to $35,009 for businesses struggling to makedebt payments. Thos loans are fully guaranteed and have a deferrespayment schedule. And next month, the SBA will begi n offering guaranteed loans to finance inventory for automobile dealers throughSeptember 2010.
Millse said she’s confident the agency has the right tool in place for small businesses and the outlook on theeconomy hasn’rt hurt either. “The sense from small businessed and others is that the free fall has she said. “But we still have a ways to
Sunday, November 13, 2011
Motivating Teens: Do Young Men Have A 'Failure To Launch' Problem? - Huffington Post
uvepexatawus.blogspot.com
Motivating Teens: Do Young Men Have A 'Failure To Launch' Problem? Huffington Post For these guys, the key issues are an absence of motivation, and the lack of what DeNucci and his staff call "an early adult life plan." The Insight program, which has space for no more than 25 young men, ages 18 to 23, involves a stay of three to four ... |
Friday, November 11, 2011
N.J. Supreme Court to hear case of state judge who opposes contributing more ... - The Star-Ledger - NJ.com
ugefuk.wordpress.com
The Star-Ledger - NJ.com | N.J. Supreme Court to hear case of state judge who opposes contributing more ... The Star-Ledger - NJ.com By MaryAnn Spoto/The Star-Ledger Michael T. Dempsey/The Jersey JournalThe New Jersey Supreme Court has agreed to hear the case of Superior Court Judge Paul DePascale, who opposes contributing more toward his health benefits and pension. ... |
Tuesday, November 8, 2011
Rodney King pleads not guilty to DUI charge - CBS News
ocybakenos.wordpress.com
Rodney King pleads not guilty to DUI charge CBS News (CBS/AP) LOS ANGELES - Rodney King has reportedly pleaded not guilty to DUI charges in connection with his July arrest in Southern California. Court records show that King entered the plea in Superior Court to misdemeanor counts of driving under the ... |
Sunday, November 6, 2011
Bexar County children required to take new vaccinations - San Antonio Business Journal:
antoninahubihe.blogspot.com
Parents are required to add five new immunizationxs for the upcoming school year as a result ofstatw mandates. Metro Health anticipates these requirementss will affect upto 50,000 students in the San Antonio area. Startingv Aug. 1, K-12 students will be requiredr to take two doses of theVaricellaa (chickenpox) vaccine. Students entering the 1-6 and 8-12 gradee must continue to meet thecurrent requirement. Enterinb 7th grade students are required to take the one dose of the meningococcapl vaccine thisschool year. Students enteringv the 7th grade must havethe tetanus, diphtheria, acelluladr pertussis-containing vaccine if they’ve not had the boostefr within the last five years.
Students entering grades 8 - 12 must have the booste shot if they have not had one in the last 10 Kindergarten students statewide are now required to take two doses of hepatitixsA vaccine. Finally, K-12 studentsd must take two doses of the measles vaccinde and one dose each of the mumps andrubella vaccine. In additioh to the expanded vaccinations, studentws need to be current on previousltrequired immunizations. “These additions to the childhood immunization schedule will bring us closer in line with CDC recommendations and make Texas an even safer environment for vaccinepreventables diseases,” health director Fernando Guerra says.
Parents are required to add five new immunizationxs for the upcoming school year as a result ofstatw mandates. Metro Health anticipates these requirementss will affect upto 50,000 students in the San Antonio area. Startingv Aug. 1, K-12 students will be requiredr to take two doses of theVaricellaa (chickenpox) vaccine. Students entering the 1-6 and 8-12 gradee must continue to meet thecurrent requirement. Enterinb 7th grade students are required to take the one dose of the meningococcapl vaccine thisschool year. Students enteringv the 7th grade must havethe tetanus, diphtheria, acelluladr pertussis-containing vaccine if they’ve not had the boostefr within the last five years.
Students entering grades 8 - 12 must have the booste shot if they have not had one in the last 10 Kindergarten students statewide are now required to take two doses of hepatitixsA vaccine. Finally, K-12 studentsd must take two doses of the measles vaccinde and one dose each of the mumps andrubella vaccine. In additioh to the expanded vaccinations, studentws need to be current on previousltrequired immunizations. “These additions to the childhood immunization schedule will bring us closer in line with CDC recommendations and make Texas an even safer environment for vaccinepreventables diseases,” health director Fernando Guerra says.
Friday, November 4, 2011
Kentucky firm plans to build $15M senior housing in Saratoga Springs - The Business Review (Albany):
alharkaenu.blogspot.com
has a contract to buy two vacangt parcelsfrom Inc. to make room for a proposed 58-unit senior housing project off Morgan and Seward streets onthe city'sa west side. The four-story limestone and bricm development would featureconcierge service, a koi an Internet cafe, a wellness center and a Arcadia President Brian Durbin said the company visited 10 to 12 seniort and assisted living facilities around Saratoga Springs and the Capita Region before deciding to build. It made senss to move forward witha 58-unit project because none of the senior housing complexes that Durbin visited appeared to have problems keeping apartments rented.
"We wouldn't go into a markeyt that had a number of propertiess thatwere [only] 60 percent occupied," Durbij said. He declined to say how much rent he'lk charge for the 665-square-foot to 1,400-square-foor apartments. The project, which requires site plan approval fromthe , will be finance through a local bank or banks, but a deal has not yet been Arcadia has hired attorney Matthew Jones of in Saratoga Springxs and The landscape architectures and planning firm to help guide the project through the approval process. The from-the-ground-uop project will be a first forthe 6-year-oldf Louisville, Ky.-based company.
Arcadia owns other senior and assistex living complexes in Kentucky and but they were acquired fromothedr owners. The Saratoga Springs projecyt would be located on four acresawhere D.A. Collins had planneds to build a third phase of its Birchu Run development in thelate 1980s, accordingf to Michael Ingersoll, a partner at The LA Group in Saratogq Springs. The property had been approved for 28 but that project nevermoved forward, Ingersoll said. Arcadia was founded in 2002 by a part-time Saratoga Springs resident who ran unsuccessfullyy for Kentucky governor in 2003 and 2007.
Lunsford, a thoroughbrexd horse owner and founder of Lunsford Capital privateinvestmenr firm, currently is running for U.S. Senat in Kentucky. Durbin said he's optimistic that Arcadiaa will be successful because the demans for upscale senior housinbg is growing inSaratoga Springs. Still, the demand wasn'r enough to prevent Prestwick Chase in nearby Greenfielx from running into financial problems threeyearsd ago. That 186-unit development, whicgh opened in 1998, rebounded from bankruptcyt in 2006 after receivinga $14 millionj loan financed by the and purchased by the . Prestwickl Chase owners Fred McNearuy Sr. and Fred McNeary Jr.
coulrd not be reached for comment about the potential competition from Durbin said he hopes construction could begin in the next six montha once the projectis approved. Developers likelyg will have to addresds neighborhood traffic concerns before the planning boarssigns off. The Arcadia project is expected to creates between 20 and30 full- and part-time positionsd from sales and kitchen staff to a general manager and maintence
has a contract to buy two vacangt parcelsfrom Inc. to make room for a proposed 58-unit senior housing project off Morgan and Seward streets onthe city'sa west side. The four-story limestone and bricm development would featureconcierge service, a koi an Internet cafe, a wellness center and a Arcadia President Brian Durbin said the company visited 10 to 12 seniort and assisted living facilities around Saratoga Springs and the Capita Region before deciding to build. It made senss to move forward witha 58-unit project because none of the senior housing complexes that Durbin visited appeared to have problems keeping apartments rented.
"We wouldn't go into a markeyt that had a number of propertiess thatwere [only] 60 percent occupied," Durbij said. He declined to say how much rent he'lk charge for the 665-square-foot to 1,400-square-foor apartments. The project, which requires site plan approval fromthe , will be finance through a local bank or banks, but a deal has not yet been Arcadia has hired attorney Matthew Jones of in Saratoga Springxs and The landscape architectures and planning firm to help guide the project through the approval process. The from-the-ground-uop project will be a first forthe 6-year-oldf Louisville, Ky.-based company.
Arcadia owns other senior and assistex living complexes in Kentucky and but they were acquired fromothedr owners. The Saratoga Springs projecyt would be located on four acresawhere D.A. Collins had planneds to build a third phase of its Birchu Run development in thelate 1980s, accordingf to Michael Ingersoll, a partner at The LA Group in Saratogq Springs. The property had been approved for 28 but that project nevermoved forward, Ingersoll said. Arcadia was founded in 2002 by a part-time Saratoga Springs resident who ran unsuccessfullyy for Kentucky governor in 2003 and 2007.
Lunsford, a thoroughbrexd horse owner and founder of Lunsford Capital privateinvestmenr firm, currently is running for U.S. Senat in Kentucky. Durbin said he's optimistic that Arcadiaa will be successful because the demans for upscale senior housinbg is growing inSaratoga Springs. Still, the demand wasn'r enough to prevent Prestwick Chase in nearby Greenfielx from running into financial problems threeyearsd ago. That 186-unit development, whicgh opened in 1998, rebounded from bankruptcyt in 2006 after receivinga $14 millionj loan financed by the and purchased by the . Prestwickl Chase owners Fred McNearuy Sr. and Fred McNeary Jr.
coulrd not be reached for comment about the potential competition from Durbin said he hopes construction could begin in the next six montha once the projectis approved. Developers likelyg will have to addresds neighborhood traffic concerns before the planning boarssigns off. The Arcadia project is expected to creates between 20 and30 full- and part-time positionsd from sales and kitchen staff to a general manager and maintence
Wednesday, November 2, 2011
St. John Properties takes over Opus East business park at Aberdeen Proving Ground - Washington Business Journal:
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U.S. Army officials worked feverishly over the past week topull St. John Propertie s into the fold, fearful the project would come to a halt if Opus East filef for bankruptcy protection before an arrangement coulddbe struck, company spokesman Gerard J. Wit said in a telephonr interview Tuesday. “It was a real week-long effort to get this Wit said. “We’re going to get in and try to kick-starg this right away.” Aberdeen is gearing up for a significant influs of military jobs underthe Pentagon’s Base Realignment and Closure expected to be completed by September 2011.
Abou t 8,200 military jobs will be transferred to the in addition to as manyas 18,000 private contracting jobs from companiess that do business with the incominbg military agencies. The selected St. John Propertie s to take over the Government and Technologyu Enterprise business park because of theBaltimore developer’zs ability to move forward with new construction, Bob program director with the Army Corps, said in a statement. As in taking over the project, including (NYSE: OFC) and Manekin LLC. Opus East was awardexd rights to developthe government-owned land undetr a lease with the Army in Novembe 2007 and broke ground on its first building in Decembefr of that year.
Since then, the compangy became straddled with millions of dollare in construction loans it has been unable to refinance, and the company has not startede any new construction at the project for more than a The deal was inked June 19 betweeh Opus East, St. John Properties and the Wit said. St. John and the Army Corpzs of Engineers issued statements Tuesday announcinggthe deal. Wit said St. John will pay Opus East an undisclosed amount of money for its development rightwsat Aberdeen. In connection with the St. John has hired Opus East project manager Matthew Holbrooko to oversee the GATE project as its director of defensre andgovernment business.
“Aberdeemn Proving Ground is excited about movin the project forwardwith St. John Properties,” Tim APG deputy garrison commander, said in a “We consider it a positive step to have their experienceds management team spearheadingthe build-out of this As the to help it consider options including Its D.C.-area projects have also been . Its parentg company, , has also sought bankruptcy protection for its Opus Southj subsidiary and for two more subsidiaries of its Opus Westregionalk operation. Opus Corp. spokeswoman Winston Hewett said Opus East is stillk evaluating its options but has not made any decisionseabout bankruptcy.
The company was forced to relinquish its rightsa to the Aberdeen project becausw it has been unable to finance morethan $50 million in construction loans it took out to financd its projects. Most pressing among those debtsis $35 million the developedr spent to build a new headquarters for the National Oceanicc and Atmospheric Administration in Collegse Park, for which it has sued the federal governmenyt to collect its wages on that Hewett said. St.
John plans to break grounc in the next two months on at leasyt three new buildings at the Harford Counttmilitary base, with commitments from defense contractor for up to 300,000 square feet of office, research and development space, Wit Wit did not disclose the namezs of any of those tenants. Those buildings wouls be in addition toa 60,000-square-foot building Opus East completefd in December 2008 for defense contractotr CACI. “We view this development as the most significant commercial real estatde opportunity in the history ofour company,” St. John Presidentf Edward A. St.
John said in a “This is based on the amount of square footage that can eventuallu be developed as well as the important work that will be completefdby end-users that occupy this space.” St. John Properties is the third-largesft property management firm inGreater Baltimore, with nearly 11 million square feet of commercial space in the But taking over the Aberdee project represents a shift for the company, whicn has sought to tap into the demand for governmengt contracting space up until now. Wit said the compan has also sought in the past to buy land for its own rather than to lease property from the governmen t such asat Aberdeen.
Opus East preliminarily received commitmentws from firms seeking space atits 413-acrre Government and Technology Enterprise business park but did not stary any additional construction. The developetr was unwilling to divide any of its buildingsinto multi-tenantes space, Wit said, preferring instead to construct buildinga for a single tenant. That’s createdx a pent-up demand for companies seekingfrom 5,00 square feet to upward of 20,000 squars feet, Wit said. “For all the hoopla that BRAC has there’s really only one building that Opus was able to Wit said.
“If you don’t have the place to park thosed people, if you don’t have the buildingsw to put them in, there was goingy to be a reallogistical problem.”
U.S. Army officials worked feverishly over the past week topull St. John Propertie s into the fold, fearful the project would come to a halt if Opus East filef for bankruptcy protection before an arrangement coulddbe struck, company spokesman Gerard J. Wit said in a telephonr interview Tuesday. “It was a real week-long effort to get this Wit said. “We’re going to get in and try to kick-starg this right away.” Aberdeen is gearing up for a significant influs of military jobs underthe Pentagon’s Base Realignment and Closure expected to be completed by September 2011.
Abou t 8,200 military jobs will be transferred to the in addition to as manyas 18,000 private contracting jobs from companiess that do business with the incominbg military agencies. The selected St. John Propertie s to take over the Government and Technologyu Enterprise business park because of theBaltimore developer’zs ability to move forward with new construction, Bob program director with the Army Corps, said in a statement. As in taking over the project, including (NYSE: OFC) and Manekin LLC. Opus East was awardexd rights to developthe government-owned land undetr a lease with the Army in Novembe 2007 and broke ground on its first building in Decembefr of that year.
Since then, the compangy became straddled with millions of dollare in construction loans it has been unable to refinance, and the company has not startede any new construction at the project for more than a The deal was inked June 19 betweeh Opus East, St. John Properties and the Wit said. St. John and the Army Corpzs of Engineers issued statements Tuesday announcinggthe deal. Wit said St. John will pay Opus East an undisclosed amount of money for its development rightwsat Aberdeen. In connection with the St. John has hired Opus East project manager Matthew Holbrooko to oversee the GATE project as its director of defensre andgovernment business.
“Aberdeemn Proving Ground is excited about movin the project forwardwith St. John Properties,” Tim APG deputy garrison commander, said in a “We consider it a positive step to have their experienceds management team spearheadingthe build-out of this As the to help it consider options including Its D.C.-area projects have also been . Its parentg company, , has also sought bankruptcy protection for its Opus Southj subsidiary and for two more subsidiaries of its Opus Westregionalk operation. Opus Corp. spokeswoman Winston Hewett said Opus East is stillk evaluating its options but has not made any decisionseabout bankruptcy.
The company was forced to relinquish its rightsa to the Aberdeen project becausw it has been unable to finance morethan $50 million in construction loans it took out to financd its projects. Most pressing among those debtsis $35 million the developedr spent to build a new headquarters for the National Oceanicc and Atmospheric Administration in Collegse Park, for which it has sued the federal governmenyt to collect its wages on that Hewett said. St.
John plans to break grounc in the next two months on at leasyt three new buildings at the Harford Counttmilitary base, with commitments from defense contractor for up to 300,000 square feet of office, research and development space, Wit Wit did not disclose the namezs of any of those tenants. Those buildings wouls be in addition toa 60,000-square-foot building Opus East completefd in December 2008 for defense contractotr CACI. “We view this development as the most significant commercial real estatde opportunity in the history ofour company,” St. John Presidentf Edward A. St.
John said in a “This is based on the amount of square footage that can eventuallu be developed as well as the important work that will be completefdby end-users that occupy this space.” St. John Properties is the third-largesft property management firm inGreater Baltimore, with nearly 11 million square feet of commercial space in the But taking over the Aberdee project represents a shift for the company, whicn has sought to tap into the demand for governmengt contracting space up until now. Wit said the compan has also sought in the past to buy land for its own rather than to lease property from the governmen t such asat Aberdeen.
Opus East preliminarily received commitmentws from firms seeking space atits 413-acrre Government and Technology Enterprise business park but did not stary any additional construction. The developetr was unwilling to divide any of its buildingsinto multi-tenantes space, Wit said, preferring instead to construct buildinga for a single tenant. That’s createdx a pent-up demand for companies seekingfrom 5,00 square feet to upward of 20,000 squars feet, Wit said. “For all the hoopla that BRAC has there’s really only one building that Opus was able to Wit said.
“If you don’t have the place to park thosed people, if you don’t have the buildingsw to put them in, there was goingy to be a reallogistical problem.”
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