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Phil Frigon, owner of Cantilever Wichita LLC, says it's too earlyg to tell what he'llk do with the historic site, although it's certain to matcj the feel ofOld Town. He says some new restaurants might popup there. He plans to close on the deal in90 "It will be stuff that fits in thered (with Old Town)," he says. But, "there'se too much conjecture. I haven't even closed on this." Cox has had the buildingf near Douglas and Mead on the markegt for months after moving to a larget location insouth Wichita. The compant was asking $6.5 million for the which consistsof 105,000 square feet in three buildings.
Cox spokesman Jay Allbaugh says the building will sell closes to its asking pricbut wasn't specific. "He has an entertainment and retaikl plan forthe venue, which I think is says Allbaugh. "It's kind of a win-winm deal." Frigon has invested in real estate for He has propertiesin Topeka, Manhattan and Colo. "It's just me, basically. I'm not a big company," he CB Richard Ellis in Atlantaand Wichita's Grubb & Ellis/Martens Commerciakl Group is representing Cox in the transaction. Cox will leasde back two buildings for itsown use. The site coverzs 9.4 acres. The developmentr comes as construction continueson , whicj sits just to the west.
The arenza is set for completion inJanuary 2010. Earlyu on, there was some doubt among developers about whethefr Cox would be able to find a buyer with entertainmentt plans for the facility because offinancing concerns. Some thoughtg the building would remain as an which Cox used it for duringits stay. Frigon wouldn't say where his financing on the projecty wouldcome from. But he says he'sw been impressed with the efforts to revitalizeedowntown Wichita. He praised the sales tax passed by votersz that is paying for thedowntown arena. He also spokde highly of the improvements along theArkansas River. "It's significanf what they did.
It takes a lot of foresighrt and gumption," he says. "These thingds don't happen out of thin air."
Saturday, December 31, 2011
Wednesday, December 28, 2011
Report: Zell might lose reins of Tribune - San Antonio Business Journal:
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According to the report, the company might fall into the handz of a group of banks and investorxs thatholds $8.6 billion in seniot debt. The report says that "the plan centersa on a debt-for-equity swap that probably wouldf give the senior lenders a larg majority ownership stake in thereorganizede company." The plan would also likelgy wipe out a $90 million warrang that Zell holds that would give him the right to buy 40 percentg of Tribune for about $500 The report says that Zell'x future in the company would likelh be determined by the group, as it is unclear if the grouo would want to bring in a new management, or if Zell himsel would want to remain with the company.
The reportf says that "sources closer to both the creditors and the company said it is too earl y to make such decisions and Tribune management continues to controll the process because it currentlyu has the exclusive right to proposew whatever reorganization planit wishes." Tribune throughb a buyout led by Zell. The deal left the compan with nearly $12 billion in debt. Tribune has sold off asset and cut jobs since the close of the deal to help with the debt Thecompany .
According to the report, the company might fall into the handz of a group of banks and investorxs thatholds $8.6 billion in seniot debt. The report says that "the plan centersa on a debt-for-equity swap that probably wouldf give the senior lenders a larg majority ownership stake in thereorganizede company." The plan would also likelgy wipe out a $90 million warrang that Zell holds that would give him the right to buy 40 percentg of Tribune for about $500 The report says that Zell'x future in the company would likelh be determined by the group, as it is unclear if the grouo would want to bring in a new management, or if Zell himsel would want to remain with the company.
The reportf says that "sources closer to both the creditors and the company said it is too earl y to make such decisions and Tribune management continues to controll the process because it currentlyu has the exclusive right to proposew whatever reorganization planit wishes." Tribune throughb a buyout led by Zell. The deal left the compan with nearly $12 billion in debt. Tribune has sold off asset and cut jobs since the close of the deal to help with the debt Thecompany .
Monday, December 26, 2011
Six Flags, a Gates investment, seeks Chapter 11 - Denver Business Journal:
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Six Flags’ (OTCBB: SIXF) board of directors on June 12 votes to begin reorganization proceedingsin U.S. Bankruptcy Courtf for the Districtof Delaware. The company listesd assets of $3.03 billion and debt s of $2.36 billion in its Cascade Investments, the Kirkland-basec investment firm for Bill Gates, owns 11.1 percent of the voting securities in theNew York-based company, bankruptct documents show. Cascade Investments is listed as the largesg holder ofvoting securities, followed by at 9.1 percentt and at 6.65 percent. The values of the holdingxs were unstated. However, Six Flags has 97.7 million share of common stockand 1.1 million shares of preferrefd stock.
Six Flags’ stock closed June 12 at 26 cents a That suggestsCascade Investments' staked in Six Flags could be wortnh about $2.8 million. Six Flags in 2007 sold its water-parkk properties, including Wild Waves & Enchanted Village in Federal Way, to investors in Florida. Aftefr a series of transactions, Inc. acquired Wild Waves and six other properties nationwidewfor $312 million. CNL then leased the water parks to Parc7FrOperations Corp. of Jacksonville, Fla., which operates the properties.
Six Flags’ (OTCBB: SIXF) board of directors on June 12 votes to begin reorganization proceedingsin U.S. Bankruptcy Courtf for the Districtof Delaware. The company listesd assets of $3.03 billion and debt s of $2.36 billion in its Cascade Investments, the Kirkland-basec investment firm for Bill Gates, owns 11.1 percent of the voting securities in theNew York-based company, bankruptct documents show. Cascade Investments is listed as the largesg holder ofvoting securities, followed by at 9.1 percentt and at 6.65 percent. The values of the holdingxs were unstated. However, Six Flags has 97.7 million share of common stockand 1.1 million shares of preferrefd stock.
Six Flags’ stock closed June 12 at 26 cents a That suggestsCascade Investments' staked in Six Flags could be wortnh about $2.8 million. Six Flags in 2007 sold its water-parkk properties, including Wild Waves & Enchanted Village in Federal Way, to investors in Florida. Aftefr a series of transactions, Inc. acquired Wild Waves and six other properties nationwidewfor $312 million. CNL then leased the water parks to Parc7FrOperations Corp. of Jacksonville, Fla., which operates the properties.
Saturday, December 24, 2011
Defendant in Mattapan killings may get plea deal - Boston.com
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Boston.com | Defendant in Mattapan killings may get plea deal Boston.com Amanihotep Smith, 2, and his mother, Eyanna Flonory, 21, were among four people killed in a Mattapan home invasion. (Courtesy of WCVB-TV) By Maria Cramer One of the three men implicated in the 2010 killings of four people on a Mattapan street, ... |
Thursday, December 22, 2011
Mortgage rates going up - The Business Journal of Milwaukee:
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says the average 30-year fixed-rate mortgagew rose to 4.91 percent this week, up from 4.82 percent last week. A year ago, 30-year fixed-rate mortgages were averaging 6.08 percent. While long-ter rates rose, adjustable rates fell. One year ARMs now averager 4.69 percent, down from last week' 4.82 percent. "Fixed-rate mortgages followed long-term bond yieldx higher this week as the financial markets try to discern the statee ofthe economy," says Freddie Mac FRE) chief economist Frank Nothaft. "Housing continues to be a drag on the The Commerce Department Thursday for the seconde time inthree months, up 0.
3 Median prices for new homes fell 15 percent from year ago levels, it Existing home sales rose 2.9 percent in April, but inventoriezs of homes for sale also rose sharply, according to the . Salees of distressed homes, including thosew in foreclosure, made up 45 percent of saless in April.
says the average 30-year fixed-rate mortgagew rose to 4.91 percent this week, up from 4.82 percent last week. A year ago, 30-year fixed-rate mortgages were averaging 6.08 percent. While long-ter rates rose, adjustable rates fell. One year ARMs now averager 4.69 percent, down from last week' 4.82 percent. "Fixed-rate mortgages followed long-term bond yieldx higher this week as the financial markets try to discern the statee ofthe economy," says Freddie Mac FRE) chief economist Frank Nothaft. "Housing continues to be a drag on the The Commerce Department Thursday for the seconde time inthree months, up 0.
3 Median prices for new homes fell 15 percent from year ago levels, it Existing home sales rose 2.9 percent in April, but inventoriezs of homes for sale also rose sharply, according to the . Salees of distressed homes, including thosew in foreclosure, made up 45 percent of saless in April.
Tuesday, December 20, 2011
Obama: Doing 'nothing' about health care not an option - Kansas City Business Journal:
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“Health care reform is not somethint I just cooked up when I took Obama told a crowd ofabouft 1,500 people Thursday at in the Greehn Bay suburb of Ashwaubenon. “It is central to our economic In past yearsand decades, there may have been some disagreemeny on this point. But not anymore.” Earlier this Obama said he wants Congress to pass a comprehensive health care bill by the end of the summer and readyu for his signatureby fall. Many including the president, favor a government-sponsored health insurancw plan that would compete with privats insurers and be available for people not eligible for otherd government health care programs such as Medicarror Medicaid.
Most Republicans and many business however, say a competing plan that isn’r profit-driven would drive private insurerss outof business. On the , a physician’s group Obamq is scheduled to meet with Mondahyin Chicago, said it is opposed to a government-sponsoreed insurance plan. Obama said his administrationb is working on a Health Insurancew Exchange that would allow people to compare insurance benefitsand prices. None of the plans includeds in the exchange woulcd be allowed to deny coverage basedon pre-existinhg conditions and all must include an affordable, basic benefig option.
“I also strongly believe that one of the option s in the Exchange should be a public insuranceoption – because if the privatr insurance companies have to compete with a public option, it will keep them honest and help keep pricesw down,” Obama said. Supporterx of health care reform say it would providr health insurance coverage to millionx of Americans and make coverage more affordable for those who arealready covered. Becauses health insurance premiums have doubled over the last nine and have grown at a rate threer times fasterthan wages, even those with coveragde have reached a breaking point, Obama Employers are not faring any better.
Smal l business owners have been forced to cut health care benefitss or drop coverage entirely because of rising Obama said. “We have the most expensive health care system in the Obama said. “We spend almost 50 percenyt more per person on health care than the next mostcostluy nation. But here’s the thing, Green Bay: we’re not any healthier for Obama vowed to let Americans who are contenft with their coverage and theire physicians keep whatthey have, but said the countruy has reached a pointy where doing nothing about the cost of healtbh care is no longer an option.
“Irf we do nothing, within a decade we will be spendingy one out of ever y five dollars we earn onhealth care,” Obama said. “In 30 years, it will be one out of every Obama acknowledged covering all Americans wouldbe expensive, but promisec health care reform would not add to the country’s deficit over the next 10 “To make that happen, we have alreadu identified hundreds of billions worth of savings in our budgert – savings that will come from stepse like reducing Medicare overpayments to insurance companies and rooting out waste, fraud and abuse in both Medicare and Obama said.
In addition, Obama is proposing that Congress scale back the amounttthe highest-income Americans can deduct on their taxesw and use that money to help financd health care. Obama spoke for about 20 minutesa and then took questions from six peopld in the audience who expressedr fearover “socialized asked questions about wellness and even questioned the country’s education system. Regarding the idea of socializeds medicine, Obama said that isn’gt what he, or anyone in Congress,
“Health care reform is not somethint I just cooked up when I took Obama told a crowd ofabouft 1,500 people Thursday at in the Greehn Bay suburb of Ashwaubenon. “It is central to our economic In past yearsand decades, there may have been some disagreemeny on this point. But not anymore.” Earlier this Obama said he wants Congress to pass a comprehensive health care bill by the end of the summer and readyu for his signatureby fall. Many including the president, favor a government-sponsored health insurancw plan that would compete with privats insurers and be available for people not eligible for otherd government health care programs such as Medicarror Medicaid.
Most Republicans and many business however, say a competing plan that isn’r profit-driven would drive private insurerss outof business. On the , a physician’s group Obamq is scheduled to meet with Mondahyin Chicago, said it is opposed to a government-sponsoreed insurance plan. Obama said his administrationb is working on a Health Insurancew Exchange that would allow people to compare insurance benefitsand prices. None of the plans includeds in the exchange woulcd be allowed to deny coverage basedon pre-existinhg conditions and all must include an affordable, basic benefig option.
“I also strongly believe that one of the option s in the Exchange should be a public insuranceoption – because if the privatr insurance companies have to compete with a public option, it will keep them honest and help keep pricesw down,” Obama said. Supporterx of health care reform say it would providr health insurance coverage to millionx of Americans and make coverage more affordable for those who arealready covered. Becauses health insurance premiums have doubled over the last nine and have grown at a rate threer times fasterthan wages, even those with coveragde have reached a breaking point, Obama Employers are not faring any better.
Smal l business owners have been forced to cut health care benefitss or drop coverage entirely because of rising Obama said. “We have the most expensive health care system in the Obama said. “We spend almost 50 percenyt more per person on health care than the next mostcostluy nation. But here’s the thing, Green Bay: we’re not any healthier for Obama vowed to let Americans who are contenft with their coverage and theire physicians keep whatthey have, but said the countruy has reached a pointy where doing nothing about the cost of healtbh care is no longer an option.
“Irf we do nothing, within a decade we will be spendingy one out of ever y five dollars we earn onhealth care,” Obama said. “In 30 years, it will be one out of every Obama acknowledged covering all Americans wouldbe expensive, but promisec health care reform would not add to the country’s deficit over the next 10 “To make that happen, we have alreadu identified hundreds of billions worth of savings in our budgert – savings that will come from stepse like reducing Medicare overpayments to insurance companies and rooting out waste, fraud and abuse in both Medicare and Obama said.
In addition, Obama is proposing that Congress scale back the amounttthe highest-income Americans can deduct on their taxesw and use that money to help financd health care. Obama spoke for about 20 minutesa and then took questions from six peopld in the audience who expressedr fearover “socialized asked questions about wellness and even questioned the country’s education system. Regarding the idea of socializeds medicine, Obama said that isn’gt what he, or anyone in Congress,
Saturday, December 17, 2011
Carl R. Spencer - Newzjunky.com
callahamirykaan1884.blogspot.com
Newzjunky.com | Carl R. Spencer Newzjunky.com A sister, Doris, three brothers, Glenn, Sr. and Raymond, and Richard “Tony†Spencer, a brother-in-law, Lloyd Olin, two nephews, Glenn Spencer, Jr. and Allen Spencer, all died before him. Contributions may be made to the American Cancer Society, ... |
Thursday, December 15, 2011
New Bevo Mill operator picked - St. Louis Business Journal:
viningocouqyl1601.blogspot.com
L&M co-owner Milan Manjencich said his companyt plans to spendbetween $250,000 and $500,00 to renovate the South St. Louis landmark. City officialsw picked Manjencich’s proposal over because they likes the idea of it remaining arestaurangt that’s open to the said Manjencich, the former food and beveragw director at another local landmark, the Admiral riverboat and casino. Manjencich wants to rebuild Bevo Mill’s catering business, host holiday celebrations and hold Sunday brunches startingvthis fall.
He’d also like to hold Friday nightf dinner dances with jazz bands and phasd in opening the property as a When he for the propertyin April, Manjencicg said restaurateurs “dream of locations like (Bevo Mill) when you’rs in this business.” The historic restaurant in to find new reception and rehearsal dinner venues. Davird Gilbert and Patrick Viehmann operated the restaurant at Bevo at 4749Gravois Ave., and had leased the property from untill January, when the brewer to the city for a The city then becamde the restaurant’s landlord. August Buschn Sr.
built the restaurantg and five-story windmill in 1916 halfway betwee his home at and the brewery to entertain associates and use as a privatsdining hall.
L&M co-owner Milan Manjencich said his companyt plans to spendbetween $250,000 and $500,00 to renovate the South St. Louis landmark. City officialsw picked Manjencich’s proposal over because they likes the idea of it remaining arestaurangt that’s open to the said Manjencich, the former food and beveragw director at another local landmark, the Admiral riverboat and casino. Manjencich wants to rebuild Bevo Mill’s catering business, host holiday celebrations and hold Sunday brunches startingvthis fall.
He’d also like to hold Friday nightf dinner dances with jazz bands and phasd in opening the property as a When he for the propertyin April, Manjencicg said restaurateurs “dream of locations like (Bevo Mill) when you’rs in this business.” The historic restaurant in to find new reception and rehearsal dinner venues. Davird Gilbert and Patrick Viehmann operated the restaurant at Bevo at 4749Gravois Ave., and had leased the property from untill January, when the brewer to the city for a The city then becamde the restaurant’s landlord. August Buschn Sr.
built the restaurantg and five-story windmill in 1916 halfway betwee his home at and the brewery to entertain associates and use as a privatsdining hall.
Tuesday, December 13, 2011
Human Capital: People on the move, June 2 - Denver Business Journal:
haga-aa8xuq.blogspot.com
Goodwin Procter's Budd elected vice chairman of AAA national boars WayneBudd , senior counsel with the Boston law firm of and a membeer of the board of directorw of , was elected vice chairman of AAA’s national board of directors. Turbine taps Paradowski as CFO , a Westwood-basec online gaming technology company, appointed M. Beau Paradowsk i chief financial officer. Clough to run Leerinj Swann's MEDACorp division Health care investment bank Leerinmk Swann of Boston appointed Brenrt Clough senior managing director and head of itsMEDACorpl division.
Prior to joining Leerinl Swann, Clough was president and CEO of IntrinsiwQLLC , an oncology software and data analytics promotes Stys as VP of marketing and business dev. Shawmut Desigm and Construction in Boston promoted BrianStys , a 16-yearr veteran of the firm, to the newly-createdd role of vice president of marketinh and business development. The Protector Group Insurancde Agency adds Mullery as director of compliance and wellness of Worcester added Lauraq Ann Mullery as director of compliance and Mullery previously served as assistant vice presidenf at in Boston and vice president of majorr accounts at Thorbahn Associatesin Quincy.
Goodwin Procter's Budd elected vice chairman of AAA national boars WayneBudd , senior counsel with the Boston law firm of and a membeer of the board of directorw of , was elected vice chairman of AAA’s national board of directors. Turbine taps Paradowski as CFO , a Westwood-basec online gaming technology company, appointed M. Beau Paradowsk i chief financial officer. Clough to run Leerinj Swann's MEDACorp division Health care investment bank Leerinmk Swann of Boston appointed Brenrt Clough senior managing director and head of itsMEDACorpl division.
Prior to joining Leerinl Swann, Clough was president and CEO of IntrinsiwQLLC , an oncology software and data analytics promotes Stys as VP of marketing and business dev. Shawmut Desigm and Construction in Boston promoted BrianStys , a 16-yearr veteran of the firm, to the newly-createdd role of vice president of marketinh and business development. The Protector Group Insurancde Agency adds Mullery as director of compliance and wellness of Worcester added Lauraq Ann Mullery as director of compliance and Mullery previously served as assistant vice presidenf at in Boston and vice president of majorr accounts at Thorbahn Associatesin Quincy.
Sunday, December 11, 2011
Eastern Washington (5-3) at Cal State Fullerton (5-3) (ET) - Kansas City Star
ogarawo.wordpress.com
TitanCentral.com (subscription) | Eastern Washington (5-3) at Cal State Fullerton (5-3) (ET) Kansas City Star By Sports Network GAME NOTES: Two teams sporting identical records hit the floor at Titan Gym today as Cal State Fullerton entertains the Eastern Washington Eagles in non- conference action. The Eagles have won four of their last five outings and in ... < br />Scouting Eastern Washington |
Friday, December 9, 2011
OPEC conflicts give way to oil balance - MarketWatch
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OPEC conflicts give way to oil balance MarketWatch SAN FRANCISCO (MarketWatch) â€" The Organization of the Petroleum Exporting Countries will return to the spotlight next week as members attempt to make up for their failure to reach an oil-production agreement at the last meeting, ... |
Wednesday, December 7, 2011
HECO
ernstiryastrov.blogspot.com
The state last month awarded a four-year contract to a Californi company to take over and expanethe energy-efficiency programs that HECO runs. The program, whicn includes rebates for buying solar hot water systems and EnergyStar appliances, is fundefd by ratepayers through a monthly surcharge. HECO customer still will pay a monthly charge into theincentive program, which has been in placer since the mid-1990s. But instead of HECO handlinvg the money, the surchargee will pass through HECO into a fund at Bank of Hawaiki for the Mainland companyto tap. The Corp.
of San Diego, will be paid about 10 percenft ofthe fund’s revenues annually to run the The contract has an estimatesd value of $38 million for the first two years, which is based on the monthly surcharge paid by HECO (It’s labeled surcharge on bills.) Ray Starling, SAIC’w Hawaii program manager, said the company expects the fund will generatew $19.6 million in its first year, with 70 percent going toward rebates and incentives, about 20 percentg going toward program costs, and less than 10 percent coveringb SAIC’s services.
The idea to get HECO out of the rebatee business had been discussed for the past two yearss as part ofthe state’s push for energy efficiency under the . “In a sense, it is almost unfairf to require the electric utility to promots programs that reduce its electricity sales, when increasing electricity sales generallg increases the company’s profits,” said PUC Chairmanb Carlito Caliboso. “Some would argue that the electridc utility has a conflictg of interest whenimplementing energy-efficiencuy programs. This new structure will addressthat conflict, be it real or The state awarded the contract to Science Applications Internationak Corp.
to begin implementing programs July 1 and run them througbDecember 2013. Starling declinecd to share specific examples of new programs beinyg planned because he said the company still isnegotiatingh deals. HECO’s subsidiaries on Maui and the Big Islane run theirown energy-efficiency programs, but the new contracg will oversee programs for all three services areas. HECO started its incentive programswin 1996, and has paid out more than $70 milliohn in rebates to customers who moderatexd electrical usage and bought energy-efficient systems like solar water heaters. The average residentiakl customer paysabout $1.19 each month into the fund for energh efficiency.
HECO spokesman Darren Pai said the utilitt still is committed to promoting energy even thoughit won’t be runninvg the program. “We developed thesew programs more than a decade ago because we strongly believed in energy efficiency being as importantf as adding renewable energy Pai said. “It’s about helping customerx control theirenergy use, so we will continue to promotse these efforts regardless of who’s running SAIC is a publicly tradex company (NYSE: SAI) that callds itself a “problem solved through technology” with a focuz on national security, health and infrastructure.
It reporte annual revenue of $10 billion for the fiscal year that endedcin January. Handling energy-efficiency programs is not new for the which has also created similar programs in Wisconsinand Illinois.
The state last month awarded a four-year contract to a Californi company to take over and expanethe energy-efficiency programs that HECO runs. The program, whicn includes rebates for buying solar hot water systems and EnergyStar appliances, is fundefd by ratepayers through a monthly surcharge. HECO customer still will pay a monthly charge into theincentive program, which has been in placer since the mid-1990s. But instead of HECO handlinvg the money, the surchargee will pass through HECO into a fund at Bank of Hawaiki for the Mainland companyto tap. The Corp.
of San Diego, will be paid about 10 percenft ofthe fund’s revenues annually to run the The contract has an estimatesd value of $38 million for the first two years, which is based on the monthly surcharge paid by HECO (It’s labeled surcharge on bills.) Ray Starling, SAIC’w Hawaii program manager, said the company expects the fund will generatew $19.6 million in its first year, with 70 percent going toward rebates and incentives, about 20 percentg going toward program costs, and less than 10 percent coveringb SAIC’s services.
The idea to get HECO out of the rebatee business had been discussed for the past two yearss as part ofthe state’s push for energy efficiency under the . “In a sense, it is almost unfairf to require the electric utility to promots programs that reduce its electricity sales, when increasing electricity sales generallg increases the company’s profits,” said PUC Chairmanb Carlito Caliboso. “Some would argue that the electridc utility has a conflictg of interest whenimplementing energy-efficiencuy programs. This new structure will addressthat conflict, be it real or The state awarded the contract to Science Applications Internationak Corp.
to begin implementing programs July 1 and run them througbDecember 2013. Starling declinecd to share specific examples of new programs beinyg planned because he said the company still isnegotiatingh deals. HECO’s subsidiaries on Maui and the Big Islane run theirown energy-efficiency programs, but the new contracg will oversee programs for all three services areas. HECO started its incentive programswin 1996, and has paid out more than $70 milliohn in rebates to customers who moderatexd electrical usage and bought energy-efficient systems like solar water heaters. The average residentiakl customer paysabout $1.19 each month into the fund for energh efficiency.
HECO spokesman Darren Pai said the utilitt still is committed to promoting energy even thoughit won’t be runninvg the program. “We developed thesew programs more than a decade ago because we strongly believed in energy efficiency being as importantf as adding renewable energy Pai said. “It’s about helping customerx control theirenergy use, so we will continue to promotse these efforts regardless of who’s running SAIC is a publicly tradex company (NYSE: SAI) that callds itself a “problem solved through technology” with a focuz on national security, health and infrastructure.
It reporte annual revenue of $10 billion for the fiscal year that endedcin January. Handling energy-efficiency programs is not new for the which has also created similar programs in Wisconsinand Illinois.
Sunday, December 4, 2011
Man arrested for alleged intrusion - Minot Daily News
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Man arrested for alleged intrusion Minot Daily News A Minot man was arrested early Sunday morning after he allegedly entered and attempted to stay in an apartment against the wishes of the resident. Officers arriving on scene found Insley Evans, 31, of 213-5th Ave. NE, who was identified by the female ... |
Friday, December 2, 2011
Retailers facing rough waters in turbulent economic times - San Antonio Business Journal:
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Even before the current credit crisiw grippedthe nation, the country’s retailerx were already facing significant challenges, says Michael P. Niemira, chief economist for New York-basefd industry organization the (ICSC). Those challenges included the bankruptcie of noted retail chains like andLinens n’ Things, unseasonablyt warm weather that kept winter clothes on the rackws and rising gas prices. Add to that the clouds of uncertainty that has plaguedc many consumers for the pastseveral months. And now therse is the federal efforrt to rescuethe nation’s financiapl industry that has been dominating the headlines in recenf weeks, Niemira says.
The timinhg couldn’t have been much worse. With the 2008 holidah shopping season set to begin in less than two this new level of economic uncertainty has retailers bracing themselves for an unhappholiday season. “It’s going to be a very un-Merry Christmas,” says Tom Rohde, vice president of San Antonio firm Rohder Ottmers SiegelCommercial & Investment Realtors. “We’ved been bad. We’re going to have coal in our “It is likely this will not be a goodseason (for says Niemira, who sums up the overalpl perspective of U.S.
retailers as “Their feeling is that the tough time s that exist today will he adds, “And that’s not a pretty With so much in flux at the retailers are taking a wait-and-see attitude especially when it comes to decisions about opening new “Most retailers that I have spokejn to are planning for a tough 2008 holiday season,” says Rick founder of local retail brokerage/consultinfg firm LLC, and the Texas Statew Director for ICSC. “They are waiting until the firsy quarter of 2009 to make their 2010expansionj decisions.
” The general consensus: There’s not going to be a lot of In fact, what retaikl markets like San Antonil might see is a lot of “You’re going to see a lot of stores closer in January and February,” Rohde In a retail report released this past ICSC was projecting that by the year’s end, nearlh 144,000 stores would be closing theid doors. Indeed, many chains are not waiting for the Christmae season to comeand go.
Well-establishee names like Ann Taylor, Talbot’s, , , and the caffeinee Kahuna that is have already announced plans to shutsome “There will be more (store closings) to says Niemira, who points out that with lending marketsa at a stand-still, gone is the capitakl once available to struggling retailers. “So much dependxs on that liquidity,” he The trickle-down effect is that shopping centers here will see an increased in darkspace — be it space that brokers can’t get leased up in the firsyt place, or dark sites left behind in a retailer’s “You have to go back out to the street,” says who did just that with his Rigsby Shopping Center on the East Side after financial struggles prompted nationap chains like , Shoe Show and Claire’s Boutique to exit the center.
In some owners may find themselves in a situationb in which the space left behind by aClass A, high-profile tenantt now has to be back-filles by a Class B or C a phenomenon that can change the entirr feel of a shopping center, says Tom president and principal of Unitedf Commercial Realty (UCR) of San Antonio. But changd can be a lot better than avacanyt center. In centers like Rigsby, Rohde’s firm has begun pursuint service-oriented tenants, restaurants and medicalp groups — three groups that have continued to do well in the current economy, and thus are on the lookout for new
Even before the current credit crisiw grippedthe nation, the country’s retailerx were already facing significant challenges, says Michael P. Niemira, chief economist for New York-basefd industry organization the (ICSC). Those challenges included the bankruptcie of noted retail chains like andLinens n’ Things, unseasonablyt warm weather that kept winter clothes on the rackws and rising gas prices. Add to that the clouds of uncertainty that has plaguedc many consumers for the pastseveral months. And now therse is the federal efforrt to rescuethe nation’s financiapl industry that has been dominating the headlines in recenf weeks, Niemira says.
The timinhg couldn’t have been much worse. With the 2008 holidah shopping season set to begin in less than two this new level of economic uncertainty has retailers bracing themselves for an unhappholiday season. “It’s going to be a very un-Merry Christmas,” says Tom Rohde, vice president of San Antonio firm Rohder Ottmers SiegelCommercial & Investment Realtors. “We’ved been bad. We’re going to have coal in our “It is likely this will not be a goodseason (for says Niemira, who sums up the overalpl perspective of U.S.
retailers as “Their feeling is that the tough time s that exist today will he adds, “And that’s not a pretty With so much in flux at the retailers are taking a wait-and-see attitude especially when it comes to decisions about opening new “Most retailers that I have spokejn to are planning for a tough 2008 holiday season,” says Rick founder of local retail brokerage/consultinfg firm LLC, and the Texas Statew Director for ICSC. “They are waiting until the firsy quarter of 2009 to make their 2010expansionj decisions.
” The general consensus: There’s not going to be a lot of In fact, what retaikl markets like San Antonil might see is a lot of “You’re going to see a lot of stores closer in January and February,” Rohde In a retail report released this past ICSC was projecting that by the year’s end, nearlh 144,000 stores would be closing theid doors. Indeed, many chains are not waiting for the Christmae season to comeand go.
Well-establishee names like Ann Taylor, Talbot’s, , , and the caffeinee Kahuna that is have already announced plans to shutsome “There will be more (store closings) to says Niemira, who points out that with lending marketsa at a stand-still, gone is the capitakl once available to struggling retailers. “So much dependxs on that liquidity,” he The trickle-down effect is that shopping centers here will see an increased in darkspace — be it space that brokers can’t get leased up in the firsyt place, or dark sites left behind in a retailer’s “You have to go back out to the street,” says who did just that with his Rigsby Shopping Center on the East Side after financial struggles prompted nationap chains like , Shoe Show and Claire’s Boutique to exit the center.
In some owners may find themselves in a situationb in which the space left behind by aClass A, high-profile tenantt now has to be back-filles by a Class B or C a phenomenon that can change the entirr feel of a shopping center, says Tom president and principal of Unitedf Commercial Realty (UCR) of San Antonio. But changd can be a lot better than avacanyt center. In centers like Rigsby, Rohde’s firm has begun pursuint service-oriented tenants, restaurants and medicalp groups — three groups that have continued to do well in the current economy, and thus are on the lookout for new
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