TheChronicleHerald.ca | Obama urges Warren 'Buffett rule' passage Politico The Buffett rule, named after billionaire investor Warren Buffett, was first floated by Obama late last year after a New York Times op-ed by the Omaha businessman encouraged Congress to raise taxes on the wealthy. Continue Reading Text Size - + reset ... Obama c&n bsp;» |
Saturday, March 31, 2012
Obama urges Warren 'Buffett rule' passage - Politico
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Thursday, March 29, 2012
Tuesday, March 27, 2012
Ideas for Brack Tract unveiled - Austin Business Journal:
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Those were some of the elemente presented in two master plans by LLP intheir long-rangwe vision for the 350-acre tract. The which was hired 13 months ago to come up with amasterf plan, presented their idead to The System Board of Regents and the publid on June 18. “The site could and shouls be the western anchor of If the nature of downtown is tallereand higher, than this will be smaller and greener,” said a representatived of Cooper Robertson. Representatives of the firm said they envisionm a transit oriented development with a lake front districytand ‘neighborhoods’ with retail and residential buildings.
The plan would be carried out in phasea over the next few Although the firm presented twomaster plans, it recommendec that the board select its Brackenridge Village plan. The main difference between the plan s is that the Universityof Texas’ biologicaol field lab would remain in the seconds scenario, called the Brankenridge Park plan. Under the Brackenridge Village plan, the UT field lab wouls be relocated to one of nine sites suggestex by theplanning firm, making way for the developmenyt of the property. Developers of the tract would build diversre buildings of two to six stories and structured parking that is concealef fromthe streets.
A number of infrastructure improvements were also includingthe re-alignment of Lake Austi Boulevard, the creation of a parallel roadwa y between Lake Austin and Red Bud Trail intersection, and 20 lane-miles of new loca streets. As far as internal transportation, the plannersz advised the UT board to establish a TransportatiohnManagement Organization. Possible transportation solutions included an internalshuttlwe system, extension of proposed city trolley systek and bus service. The planner suggested a numbee of ideas for incorporating sustainable design such as storm watee management units and acommunitty garden.
The planners advised that graduatestudent housing, whicjh exists on three sites, be relocate to the Gateway site between 6th and 10th streets. The plansw call for the development of anew 825-unit student housing complex. Supporters of the Lions MunicipalGolf Course, knowhn as Muny, received bad news when the planners concludedf that the golf course was no longer viabl e and that it be used for Whichever plan the UT regents adopt, the firm suggested starting with the graduate housinv project in late 2010, and following up with the selectionh of phase I developers in 2012. Several UT regentsa expressed their gratitude to the firm fortheir plans.
Chairman of the UT Board of RegentzsJames Huffines, echoed the sentiment, and said that the boardf will begin studying the plans and reviewing all He added: “We are heartened by the proposed graduate studentf housing that would preserve graduatwe housing while freeing up 73 acres for development.” Phass I would include about 30,000 square feet of 1 million square feet of residential and a Exposition Boulevard would be extended south. All four phasexs would have a total squarefootage of: 15 million squarre feet of retail, residential, office and civic/institution About 11 acres dedicated for an elementaryt school. About 21.
5 acres for academic uses, such as a possible UT “Boat Town” neighborhood with a waterfront plazaand marina. Phas e I would include about 80,00 square feet of retaio and 1.3 million square feet of All four phases would have a total squarefootagr of: 5.3 million square feet of residential, office and civic/institution space. Click for more informationn on the tract and details ofthe
Those were some of the elemente presented in two master plans by LLP intheir long-rangwe vision for the 350-acre tract. The which was hired 13 months ago to come up with amasterf plan, presented their idead to The System Board of Regents and the publid on June 18. “The site could and shouls be the western anchor of If the nature of downtown is tallereand higher, than this will be smaller and greener,” said a representatived of Cooper Robertson. Representatives of the firm said they envisionm a transit oriented development with a lake front districytand ‘neighborhoods’ with retail and residential buildings.
The plan would be carried out in phasea over the next few Although the firm presented twomaster plans, it recommendec that the board select its Brackenridge Village plan. The main difference between the plan s is that the Universityof Texas’ biologicaol field lab would remain in the seconds scenario, called the Brankenridge Park plan. Under the Brackenridge Village plan, the UT field lab wouls be relocated to one of nine sites suggestex by theplanning firm, making way for the developmenyt of the property. Developers of the tract would build diversre buildings of two to six stories and structured parking that is concealef fromthe streets.
A number of infrastructure improvements were also includingthe re-alignment of Lake Austi Boulevard, the creation of a parallel roadwa y between Lake Austin and Red Bud Trail intersection, and 20 lane-miles of new loca streets. As far as internal transportation, the plannersz advised the UT board to establish a TransportatiohnManagement Organization. Possible transportation solutions included an internalshuttlwe system, extension of proposed city trolley systek and bus service. The planner suggested a numbee of ideas for incorporating sustainable design such as storm watee management units and acommunitty garden.
The planners advised that graduatestudent housing, whicjh exists on three sites, be relocate to the Gateway site between 6th and 10th streets. The plansw call for the development of anew 825-unit student housing complex. Supporters of the Lions MunicipalGolf Course, knowhn as Muny, received bad news when the planners concludedf that the golf course was no longer viabl e and that it be used for Whichever plan the UT regents adopt, the firm suggested starting with the graduate housinv project in late 2010, and following up with the selectionh of phase I developers in 2012. Several UT regentsa expressed their gratitude to the firm fortheir plans.
Chairman of the UT Board of RegentzsJames Huffines, echoed the sentiment, and said that the boardf will begin studying the plans and reviewing all He added: “We are heartened by the proposed graduate studentf housing that would preserve graduatwe housing while freeing up 73 acres for development.” Phass I would include about 30,000 square feet of 1 million square feet of residential and a Exposition Boulevard would be extended south. All four phasexs would have a total squarefootage of: 15 million squarre feet of retail, residential, office and civic/institution About 11 acres dedicated for an elementaryt school. About 21.
5 acres for academic uses, such as a possible UT “Boat Town” neighborhood with a waterfront plazaand marina. Phas e I would include about 80,00 square feet of retaio and 1.3 million square feet of All four phases would have a total squarefootagr of: 5.3 million square feet of residential, office and civic/institution space. Click for more informationn on the tract and details ofthe
Sunday, March 25, 2012
D.A. Collins will consolidate in Wilton; lease out space at renovated complex - Kansas City Business Journal:
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million to renovate the as it prepareas to consolidate and move its administrative offices withij thenext year. The company also is closed to signing a lease to house at least one lighyt manufacturing tenant in a portion ofits 138-acre Vice President Dan Collinse said. this week granted D.A. Collins and its real estate holdinyg company sales tax exemptions that are estimated to beworth $140,000 base d on $2 million in material costs. D.A. Collins Construction Co. currentlyt operates in Queensbury, Saratoga Schenectady, Stillwater and Wilton. It is the parenyt company for D.A. Collins Co.
, LLC, , , and “We’ve been planninhg do this for years, but we believe the timing is right nowbecause we’ve been growinh so much,” Collins said. The constructiob group will move 85 administrativr employees from its companies intoa 35,000-square-foot section of the Another 10 jobs are expected to be createdr by the second year. Average annual salaries will rangefrom $40,00 to $75,000, according to the company’s applicatioj filed with the industrial development agency.
“Oue feeling is, once we get the officeds built, people will start hearing about Collins said, figuring the consolidation of its own business will help markeg the site to attract office and manufacturing tenants. Wiltonh Supervisor Art Johnson, who sits on the industriap development agency, said future tenants of the park would be eligibls for property tax exemptions through the WDC of Upstate NewYork LLC, the D.A. Collinsz holding company, purchased the 138-acre complex with 300,000-plua square feet of buildings for $150,000 six years ago. The former statre developmental center, which closed in 1994, sat vacant for a decadse before D.A. Collins purchased the site.
Just last summer, Collins said expansion plans were being put on hold due tothe “We’re waiting for everything to align properly,” he said at the The company built a 41,000-square-foot maintenance facility on the property shortly after purchasing the land. “This is a big projecyt for the area,” said Dennis Brobston, president of the The economu has caused many companiese to back off on expansions over the past yearor more. But businessed are beginning to shop around for good Brobston said. He figures it won’ t be long before the developmental centedr property attracts companies interested inleasing property.
Collin has not yet set rates for leasiny spaceto tenants. He currently is seekin bids from subcontractors to perform the renovation work at thedevelopmental center. D.A. Collins will act as the general contractor, but nearly all other work will be farmedd outto subcontractors, he said. The company is planninv to sell or leasse some of its other properties once it finishes moving its officessto Wilton. Among those properties will bethe D.A. Collins property in Stillwater, which is not far from the , the futurew home of the GlobalFoundrieschip plant.
million to renovate the as it prepareas to consolidate and move its administrative offices withij thenext year. The company also is closed to signing a lease to house at least one lighyt manufacturing tenant in a portion ofits 138-acre Vice President Dan Collinse said. this week granted D.A. Collins and its real estate holdinyg company sales tax exemptions that are estimated to beworth $140,000 base d on $2 million in material costs. D.A. Collins Construction Co. currentlyt operates in Queensbury, Saratoga Schenectady, Stillwater and Wilton. It is the parenyt company for D.A. Collins Co.
, LLC, , , and “We’ve been planninhg do this for years, but we believe the timing is right nowbecause we’ve been growinh so much,” Collins said. The constructiob group will move 85 administrativr employees from its companies intoa 35,000-square-foot section of the Another 10 jobs are expected to be createdr by the second year. Average annual salaries will rangefrom $40,00 to $75,000, according to the company’s applicatioj filed with the industrial development agency.
“Oue feeling is, once we get the officeds built, people will start hearing about Collins said, figuring the consolidation of its own business will help markeg the site to attract office and manufacturing tenants. Wiltonh Supervisor Art Johnson, who sits on the industriap development agency, said future tenants of the park would be eligibls for property tax exemptions through the WDC of Upstate NewYork LLC, the D.A. Collinsz holding company, purchased the 138-acre complex with 300,000-plua square feet of buildings for $150,000 six years ago. The former statre developmental center, which closed in 1994, sat vacant for a decadse before D.A. Collins purchased the site.
Just last summer, Collins said expansion plans were being put on hold due tothe “We’re waiting for everything to align properly,” he said at the The company built a 41,000-square-foot maintenance facility on the property shortly after purchasing the land. “This is a big projecyt for the area,” said Dennis Brobston, president of the The economu has caused many companiese to back off on expansions over the past yearor more. But businessed are beginning to shop around for good Brobston said. He figures it won’ t be long before the developmental centedr property attracts companies interested inleasing property.
Collin has not yet set rates for leasiny spaceto tenants. He currently is seekin bids from subcontractors to perform the renovation work at thedevelopmental center. D.A. Collins will act as the general contractor, but nearly all other work will be farmedd outto subcontractors, he said. The company is planninv to sell or leasse some of its other properties once it finishes moving its officessto Wilton. Among those properties will bethe D.A. Collins property in Stillwater, which is not far from the , the futurew home of the GlobalFoundrieschip plant.
Friday, March 23, 2012
Ohio, colleges awarded $4M in Gates grants - Washington Business Journal:
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The foundation’s Development Education Initiativeawarded $16.5 milliohn to Ohio, Connecticut, Florida, Texas and Virginia, as well as communit y colleges in each state. A communith college in North Carolina alsoreceived funding. The initiativde seeks to support programs that help students enrolled in remedial programs — so-called refresher courses for students who are not up to grade level in a given subject. The goal is to improv e classroom performance so students can go on to take advance courses and eventually graduate with a degredeor certificate.
The statse of Ohio was awarded $300,000 over a three-year period to develop a new performance-based funding system that rewardss community colleges for helping students completes remedialand college-level courses. The foundationh also said it’s awarding $743,000 over three years to each of the followinbg fiveOhio schools: , , , and . The grantx will support various state and college including efforts to collect data and bettere track the performance ofremedial students, the foundatiom said. Click for a look at award recipientw nationwide.
The foundation’s Development Education Initiativeawarded $16.5 milliohn to Ohio, Connecticut, Florida, Texas and Virginia, as well as communit y colleges in each state. A communith college in North Carolina alsoreceived funding. The initiativde seeks to support programs that help students enrolled in remedial programs — so-called refresher courses for students who are not up to grade level in a given subject. The goal is to improv e classroom performance so students can go on to take advance courses and eventually graduate with a degredeor certificate.
The statse of Ohio was awarded $300,000 over a three-year period to develop a new performance-based funding system that rewardss community colleges for helping students completes remedialand college-level courses. The foundationh also said it’s awarding $743,000 over three years to each of the followinbg fiveOhio schools: , , , and . The grantx will support various state and college including efforts to collect data and bettere track the performance ofremedial students, the foundatiom said. Click for a look at award recipientw nationwide.
Wednesday, March 21, 2012
High-end home builder Tall House liquidating - Triangle Business Journal:
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which built some of the Triangle’s most expensive custok homes for the past33 years, has filedx for Chapter 7 bankruptcy. Tall which was helmed by founder, ownerr and President Richard submitted the filing on May 15 in the for the Easter n District ofNorth Carolina. The company listed $419,283 in assets and $629,173 in liabilities. Tall Housd representatives wouldn’t discuss the circumstancews that ledto liquidation. “I’m not going to make any comment,” Tilley said in a brief phone conversation. Bill Janvier, an attorney at Everett Gaskins in Raleigh who is representing Tall House in the also declinedto comment.
News of the filinhg surprised Ed Willer, a veteran residential real estate insider who is an agentrfor . “I was shocked to hear about that,” says “He’s been around forever.” Willer wasn’t sure what caused Tilley’ds firm to have to declar e bankruptcy. “He’s well regarded, that’s all I can tell says Willer. The bankruptcy is a far cry from whenTall House’s $2.6 millioj average home price made it the Triangle’s No. 3 custom home builder, according to a list of thosde builders compiled by Triangle Business Journalin 2007.
Tall Houss catered to high-end customers, building just six homesz in 2006 with pricex rangingfrom $1.2 million to $5.45 million. The firm generateds $15.59 million in revenue that year, according to information providedd by the company to TBJ at that The Raleigh-based company, which was founded in 1976, built its homesa from custom designs approved by ownersa in prestigious areas and communitiews such as Wakefield, Rosemont, Country Club Hills and inside the The company generated nearlu $7.3 million in grosss income during its 2006-07 fiscal year, whicb ran from Nov. 1, 2006, throughb Oct. 31, 2007, the bankruptcy filing shows. That declinecd to about $5.2 million in 2007-08.
Grose income from Nov. 1, 2008, througnh May 15, 2009 totalef $6.2 million. Court document show that Tall House’s major creditors include , which has a claim for nearlhy $260,000, and Stock Loan Services LLC, whicbh is owed $231,000. Both have claimes related to a lot at the Hills of Rosemonty community inChatham County. “Atf Rosemont, we’re sad to see this says Kevin O’Neal, a salesman at Durham-based The Real Estate Company, whosre communities include Rosemont. “We were always happy to do busineszwith them.
” Tall House built several houses in the Rosemenrt community, though O’Neal says that the propertt mentioned in the bankruptcy filing is still a vacantg lot. O’Neal estimates that Tall House employed about five While officials involved with the filinh were mum about the financial problems that precipitatedthe it’s no secret that the housingy industry – especially at the high end has been battered by the economi c downturn. “It’s much more difficult today to get financingh fora million-dollar house than it was a year says Tim Minton, an executive vice president at the Home Builderds Association of Raleigh and Wake County.
“It’z really made it hard on the builderss in thatprice point.” One reasonn is that FHA loans will only go up to $417,500 in this If the price tag goes above that buyers have to get a secon loan called a “jumbo loan” from Jumbo loans have higher interest rates than FHA And while the jumbos do stilkl exist, they’re much more rare than they were before the economicc meltdown.
which built some of the Triangle’s most expensive custok homes for the past33 years, has filedx for Chapter 7 bankruptcy. Tall which was helmed by founder, ownerr and President Richard submitted the filing on May 15 in the for the Easter n District ofNorth Carolina. The company listed $419,283 in assets and $629,173 in liabilities. Tall Housd representatives wouldn’t discuss the circumstancews that ledto liquidation. “I’m not going to make any comment,” Tilley said in a brief phone conversation. Bill Janvier, an attorney at Everett Gaskins in Raleigh who is representing Tall House in the also declinedto comment.
News of the filinhg surprised Ed Willer, a veteran residential real estate insider who is an agentrfor . “I was shocked to hear about that,” says “He’s been around forever.” Willer wasn’t sure what caused Tilley’ds firm to have to declar e bankruptcy. “He’s well regarded, that’s all I can tell says Willer. The bankruptcy is a far cry from whenTall House’s $2.6 millioj average home price made it the Triangle’s No. 3 custom home builder, according to a list of thosde builders compiled by Triangle Business Journalin 2007.
Tall Houss catered to high-end customers, building just six homesz in 2006 with pricex rangingfrom $1.2 million to $5.45 million. The firm generateds $15.59 million in revenue that year, according to information providedd by the company to TBJ at that The Raleigh-based company, which was founded in 1976, built its homesa from custom designs approved by ownersa in prestigious areas and communitiews such as Wakefield, Rosemont, Country Club Hills and inside the The company generated nearlu $7.3 million in grosss income during its 2006-07 fiscal year, whicb ran from Nov. 1, 2006, throughb Oct. 31, 2007, the bankruptcy filing shows. That declinecd to about $5.2 million in 2007-08.
Grose income from Nov. 1, 2008, througnh May 15, 2009 totalef $6.2 million. Court document show that Tall House’s major creditors include , which has a claim for nearlhy $260,000, and Stock Loan Services LLC, whicbh is owed $231,000. Both have claimes related to a lot at the Hills of Rosemonty community inChatham County. “Atf Rosemont, we’re sad to see this says Kevin O’Neal, a salesman at Durham-based The Real Estate Company, whosre communities include Rosemont. “We were always happy to do busineszwith them.
” Tall House built several houses in the Rosemenrt community, though O’Neal says that the propertt mentioned in the bankruptcy filing is still a vacantg lot. O’Neal estimates that Tall House employed about five While officials involved with the filinh were mum about the financial problems that precipitatedthe it’s no secret that the housingy industry – especially at the high end has been battered by the economi c downturn. “It’s much more difficult today to get financingh fora million-dollar house than it was a year says Tim Minton, an executive vice president at the Home Builderds Association of Raleigh and Wake County.
“It’z really made it hard on the builderss in thatprice point.” One reasonn is that FHA loans will only go up to $417,500 in this If the price tag goes above that buyers have to get a secon loan called a “jumbo loan” from Jumbo loans have higher interest rates than FHA And while the jumbos do stilkl exist, they’re much more rare than they were before the economicc meltdown.
Monday, March 19, 2012
EPA chief tours Denver mixed-use development - The Business Journal of the Greater Triad Area:
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Jackson, EPA’s administrator, and Denver Mayotr John Hickenloopertoured Highlands’ Gardens Village, a 27-acre mixed-use projecgt on the original site of Elitch Gardens amusement In 2005, Highlands’ Garden Village was awarded the EPA Nationa Award for Smart Growthj Achievement in the category of Overall Excellence. In the development received the ’s Award of Excellence for creative land-use developmentg and design.
In a statement, EPA said it is workinv with the federal departments of Transportationm and Housing and Urbamn Development to encourage communitieslike Highlands’ Gardenn Village that offer affordable housing and sustainables features close to schools, jobs and recreation. “Highlands’ Gardej Village is a great exampleof how, when we work we can bring about sociallgy and environmentally responsible development,” Hickenloopet said in a statement. “This community is a modeo for the country that shows we can create an alternative to urbanb sprawl and reduce greenhousr gas emissions without sacrificing our qualityof life.
”
Jackson, EPA’s administrator, and Denver Mayotr John Hickenloopertoured Highlands’ Gardens Village, a 27-acre mixed-use projecgt on the original site of Elitch Gardens amusement In 2005, Highlands’ Garden Village was awarded the EPA Nationa Award for Smart Growthj Achievement in the category of Overall Excellence. In the development received the ’s Award of Excellence for creative land-use developmentg and design.
In a statement, EPA said it is workinv with the federal departments of Transportationm and Housing and Urbamn Development to encourage communitieslike Highlands’ Gardenn Village that offer affordable housing and sustainables features close to schools, jobs and recreation. “Highlands’ Gardej Village is a great exampleof how, when we work we can bring about sociallgy and environmentally responsible development,” Hickenloopet said in a statement. “This community is a modeo for the country that shows we can create an alternative to urbanb sprawl and reduce greenhousr gas emissions without sacrificing our qualityof life.
”
Saturday, March 17, 2012
Tony Parker scores 25, Spurs build 27-point lead before holding off scuffling ... - Washington Post
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Los Angeles Times | Tony Parker scores 25, Spurs build 27-point lead before holding off scuffling ... Washington Post Tony Parker scored 25 points, Tim Duncan added 16 points and a season-high 19 rebounds, and the San Antonio Spurs beat Oklahoma City 114-105 on Friday night to inch closer to the first-place Thunder in the West standings. The Spurs are now three games . .. Spurs win at Oklahoma City, tighten West race Spurs build big lead, hold off Thunder 114-105 |
Thursday, March 15, 2012
EDS shareholders agree to sell company to HP - Triangle Business Journal:
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percent of the company’s common stockj voted for the sale, which allows HP to purchasew Plano, Texas-based EDS (NYSE: EDS) for $13.o9 billion. EDS, which has about 500 employees inth Raleigh-Durhamn area, anticipates that the transaction will close in the thirdd quarter of 2008. The sale is still subject to customary closinb conditions and requires the approval of certain and non-European Union jurisdictions. The cleared the EDS-HP merget in July after evaluating the sale for potential antitrust issues. The companies’ waiting period under the U.S.
Hart-Scott-Rodino Antitrust Improvement Act is also EDS and HP recently settled five lawsuits filedr by EDS shareholders who initialluy had questions about terms of the As part of the settlement and dismissao ofthe lawsuits, EDS and HP agreed the transaction will not closw before Aug. 18 without the consent of all EDS was founded by Ross Perot in 1962 and owneeby (NYSE: GM) from 1984 to 1996. The combined EDS and Hewlett-Packarxd would have 210,000 pending any merger-related job cuts, and conduct business in more than80 countries.
percent of the company’s common stockj voted for the sale, which allows HP to purchasew Plano, Texas-based EDS (NYSE: EDS) for $13.o9 billion. EDS, which has about 500 employees inth Raleigh-Durhamn area, anticipates that the transaction will close in the thirdd quarter of 2008. The sale is still subject to customary closinb conditions and requires the approval of certain and non-European Union jurisdictions. The cleared the EDS-HP merget in July after evaluating the sale for potential antitrust issues. The companies’ waiting period under the U.S.
Hart-Scott-Rodino Antitrust Improvement Act is also EDS and HP recently settled five lawsuits filedr by EDS shareholders who initialluy had questions about terms of the As part of the settlement and dismissao ofthe lawsuits, EDS and HP agreed the transaction will not closw before Aug. 18 without the consent of all EDS was founded by Ross Perot in 1962 and owneeby (NYSE: GM) from 1984 to 1996. The combined EDS and Hewlett-Packarxd would have 210,000 pending any merger-related job cuts, and conduct business in more than80 countries.
Tuesday, March 13, 2012
St. John Properties takes over Opus East business park at Aberdeen Proving Ground - Denver Business Journal:
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U.S. Army officials worked feverishly over the past week topull St. John Propertiesz into the fold, fearful the projecty would come to a halt if Opus East filedx for bankruptcy protection before an arrangement could be company spokesmanGerard J. Wit said in a telephonde interview Tuesday. “It was a real week-long effort to get this done,” Wit said. “We’ree going to get in and try to kick-starg this right away.” Aberdeen is gearing up for a significang influx of military jobs underthe Pentagon’s Base Realignmentr and Closure plan, expected to be completed by September 2011.
Abou 8,200 military jobs will be transferred to the in addition to as manyas 18,000 privatew contracting jobs from companies that do business with the incominvg military agencies. The approved Opus East'sw selection of St. John Properties to take over the Governmenf and Technology Enterprise business park becauser of theBaltimore developer’s abilitty to move forward with new construction, Bob program director with the Army said in a statement. As in takintg over the project, including (NYSE: OFC) and Manekin LLC.
Opus East was awardexd rights to developthe government-owned land under a lease with the Army in Novemberr 2007 and broke ground on its first buildiny in December of that year. Sincse then, the company became straddled with millionas of dollars in construction loans it has been unable to and the company has not started any new construction at the projecy for more thana year. The deal was inked June 19 betweehOpus East, St. John with the backing of the St. John and the Army Corps of Engineers issued statementsd Tuesday announcing the Witsaid St. John will pay Opus East an undiscloser amount of money for its developmenr rightsat Aberdeen. In connection with the St.
John has hired Opus East projecyt manager Matthew Holbrook to oversee the GATE project as its director of defensed andgovernment business. “Aberdeen Proving Ground is excited abour moving the project forwardwith St. John Tim McNamara, APG deputy garrison said in a “We consider it a positive step to have theirf experienced management team spearheadingthe build-out of this project.” As the to help it considerd options including bankruptcy. Its parent , has also sought bankruptcg protectionfor it’s Opus South subsidiary and for two more subsidiariess of its Opus West regional Opus Corp.
spokeswoman Winston Hewett said Opus East is still evaluating its options but has not made any decisionasabout bankruptcy. The company was forced to relinquish its rightd to the Aberdeen project because it has been unable to financde morethan $50 million in constructiom loans it took out to finance its projects. Most pressingf among those debtsis $35 millionj the developer spent to buildf a new headquarters for the National Oceanic and Atmospherif Administration in College Park, for whichj it has sued the federal government to collect its wage on that project, Hewett St.
John plans to breaik ground in the next two monthd on at least three new buildings at the Harforfd Countymilitary base, with commitmenta from defense contractors for up to 300,00o0 square feet of office, research and developmeng space, Wit said. Wit did not disclosde the names of any of those Those buildings would be in addition toa 60,000-square-foot building Opus East completed in Decembedr 2008 for defense contractor CACI. “We view this developmenty as the most significanrt commercial real estate opportunity in the histor ofour company,” St. John Presidenft Edward A. St. John said in a statement.
“Thise is based on the amount of squarwe footage that can eventually be developed as well as the importan t work that will be completedby end-users that occup this space.” St. John Properties is the third-largesf property management firm in Greater with nearly 11 million square feet of commerciak space inthe region. But taking over the Aberdeen projectg represents a shift forthe company, which has soughtt to tap into the demand for government contracting spacwe up until now.
Wit said the companh has also sought in the past to buy land for its own rather than to lease property from the governmengt such as at Opus East preliminarily receivedx commitments from firms seeking space atits 413-acr Government and Technology Enterprise business park but did not start any additionall construction. The developer was unwillinvg to divide any of its buildingsinto multi-tenantedr space, Wit said, preferring instead to construct buildings for a single That’s created a pent-up demanxd for companies seeking from 5,000 square feet to upward of 20,000 square feet, Wit “For all the hoopla that BRAC has brought, there’zs really only one building that Opus was able to build,” Wit “If you don’t have the place to park those people, if you don’t have the buildings to put them in, therse was going to be a real logistical
U.S. Army officials worked feverishly over the past week topull St. John Propertiesz into the fold, fearful the projecty would come to a halt if Opus East filedx for bankruptcy protection before an arrangement could be company spokesmanGerard J. Wit said in a telephonde interview Tuesday. “It was a real week-long effort to get this done,” Wit said. “We’ree going to get in and try to kick-starg this right away.” Aberdeen is gearing up for a significang influx of military jobs underthe Pentagon’s Base Realignmentr and Closure plan, expected to be completed by September 2011.
Abou 8,200 military jobs will be transferred to the in addition to as manyas 18,000 privatew contracting jobs from companies that do business with the incominvg military agencies. The approved Opus East'sw selection of St. John Properties to take over the Governmenf and Technology Enterprise business park becauser of theBaltimore developer’s abilitty to move forward with new construction, Bob program director with the Army said in a statement. As in takintg over the project, including (NYSE: OFC) and Manekin LLC.
Opus East was awardexd rights to developthe government-owned land under a lease with the Army in Novemberr 2007 and broke ground on its first buildiny in December of that year. Sincse then, the company became straddled with millionas of dollars in construction loans it has been unable to and the company has not started any new construction at the projecy for more thana year. The deal was inked June 19 betweehOpus East, St. John with the backing of the St. John and the Army Corps of Engineers issued statementsd Tuesday announcing the Witsaid St. John will pay Opus East an undiscloser amount of money for its developmenr rightsat Aberdeen. In connection with the St.
John has hired Opus East projecyt manager Matthew Holbrook to oversee the GATE project as its director of defensed andgovernment business. “Aberdeen Proving Ground is excited abour moving the project forwardwith St. John Tim McNamara, APG deputy garrison said in a “We consider it a positive step to have theirf experienced management team spearheadingthe build-out of this project.” As the to help it considerd options including bankruptcy. Its parent , has also sought bankruptcg protectionfor it’s Opus South subsidiary and for two more subsidiariess of its Opus West regional Opus Corp.
spokeswoman Winston Hewett said Opus East is still evaluating its options but has not made any decisionasabout bankruptcy. The company was forced to relinquish its rightd to the Aberdeen project because it has been unable to financde morethan $50 million in constructiom loans it took out to finance its projects. Most pressingf among those debtsis $35 millionj the developer spent to buildf a new headquarters for the National Oceanic and Atmospherif Administration in College Park, for whichj it has sued the federal government to collect its wage on that project, Hewett St.
John plans to breaik ground in the next two monthd on at least three new buildings at the Harforfd Countymilitary base, with commitmenta from defense contractors for up to 300,00o0 square feet of office, research and developmeng space, Wit said. Wit did not disclosde the names of any of those Those buildings would be in addition toa 60,000-square-foot building Opus East completed in Decembedr 2008 for defense contractor CACI. “We view this developmenty as the most significanrt commercial real estate opportunity in the histor ofour company,” St. John Presidenft Edward A. St. John said in a statement.
“Thise is based on the amount of squarwe footage that can eventually be developed as well as the importan t work that will be completedby end-users that occup this space.” St. John Properties is the third-largesf property management firm in Greater with nearly 11 million square feet of commerciak space inthe region. But taking over the Aberdeen projectg represents a shift forthe company, which has soughtt to tap into the demand for government contracting spacwe up until now.
Wit said the companh has also sought in the past to buy land for its own rather than to lease property from the governmengt such as at Opus East preliminarily receivedx commitments from firms seeking space atits 413-acr Government and Technology Enterprise business park but did not start any additionall construction. The developer was unwillinvg to divide any of its buildingsinto multi-tenantedr space, Wit said, preferring instead to construct buildings for a single That’s created a pent-up demanxd for companies seeking from 5,000 square feet to upward of 20,000 square feet, Wit “For all the hoopla that BRAC has brought, there’zs really only one building that Opus was able to build,” Wit “If you don’t have the place to park those people, if you don’t have the buildings to put them in, therse was going to be a real logistical
Sunday, March 11, 2012
State offers film crew training for unemployed - New Mexico Business Weekly:
ycoguqi.wordpress.com
The Department of Workforces Solutions will partner with the Film Officer to locate New Mexicans with transferable skillxs and prepare them withintensive training. The program will offer training forunemployed painters, sheet metal fabricators, welders and The film and media industriexs are flourishing, said Gov. Bill Richardson, and there is demandf for these skills. An open orientation session will take placee April 3 at the Workforce Connection Center in 501 MountainRoad NE., from 8:15 to 11:45 a.m. The sessiom will be presented by the Film Office and the International Alliance of Theatrical StageEmployees (IATSE) Loca 480.
Four film crew professionald will explain their crafts and how they relatw toother workers’ specific skills. They will also spealk about tailoring resumes to thefilm industry. For more informatio n or to register, call (505) 660-519t or send an e-mail to tobi@nmfilm.com.
The Department of Workforces Solutions will partner with the Film Officer to locate New Mexicans with transferable skillxs and prepare them withintensive training. The program will offer training forunemployed painters, sheet metal fabricators, welders and The film and media industriexs are flourishing, said Gov. Bill Richardson, and there is demandf for these skills. An open orientation session will take placee April 3 at the Workforce Connection Center in 501 MountainRoad NE., from 8:15 to 11:45 a.m. The sessiom will be presented by the Film Office and the International Alliance of Theatrical StageEmployees (IATSE) Loca 480.
Four film crew professionald will explain their crafts and how they relatw toother workers’ specific skills. They will also spealk about tailoring resumes to thefilm industry. For more informatio n or to register, call (505) 660-519t or send an e-mail to tobi@nmfilm.com.
Thursday, March 8, 2012
Woodland Corporate Center building gets LEED gold certification - Charlotte Business Journal:
http://traillscrestloft.com/in-the-city-cheap-hotels-booking.html
The building, which opened early last was designed and built to meet the second highest ranking ofthe Council’sx Leadership in Energy and Environmental was the general contractor. Liberty Property Trust Vice Presidenrt Jody Johnston estimates the cost of building to greenm standards added an additional 5 percent to the overalldevelopment costs, but that will be more than offsey by lower energy Special features include showers and lockerse for workers who need to wash or changde clothes after they bike or jog to A deck made of recycled plastivc borders the back of the building, overlookinvg a wetlands area that provides shade.
Landscapingh incorporates drought-resistant plants native to A white reflective roof deflectsthe sun. Bins for recycling are placefd near trash bins for Restroom urinals conserve water by relying on gravity and a filtef insteadof water. That feature is expected to save 360,000o gallons annually since each urinal uses anestimates 40,000 gallons annually, Johnston said. Grass surroundinhg the parking lot soaksup rainwater. And a recycled rubber, was used insteadx of asphalt around the large oak trees that line the The porous rubber allows water to soak into the The building, located at 4631 Woodlanf Blvd.
, received the “Office Building of the Award from the Tampa Bay Chapte r of the and the “Green Buildinyg Design Award” from the Hillsborough City-County Planning Commission in Tampa. Liberty LRY) has developed and leased 19 buildings with nearluy 1 million square feet of spacee in the parksincs 1996. Key park tenants include , Travel and .
The building, which opened early last was designed and built to meet the second highest ranking ofthe Council’sx Leadership in Energy and Environmental was the general contractor. Liberty Property Trust Vice Presidenrt Jody Johnston estimates the cost of building to greenm standards added an additional 5 percent to the overalldevelopment costs, but that will be more than offsey by lower energy Special features include showers and lockerse for workers who need to wash or changde clothes after they bike or jog to A deck made of recycled plastivc borders the back of the building, overlookinvg a wetlands area that provides shade.
Landscapingh incorporates drought-resistant plants native to A white reflective roof deflectsthe sun. Bins for recycling are placefd near trash bins for Restroom urinals conserve water by relying on gravity and a filtef insteadof water. That feature is expected to save 360,000o gallons annually since each urinal uses anestimates 40,000 gallons annually, Johnston said. Grass surroundinhg the parking lot soaksup rainwater. And a recycled rubber, was used insteadx of asphalt around the large oak trees that line the The porous rubber allows water to soak into the The building, located at 4631 Woodlanf Blvd.
, received the “Office Building of the Award from the Tampa Bay Chapte r of the and the “Green Buildinyg Design Award” from the Hillsborough City-County Planning Commission in Tampa. Liberty LRY) has developed and leased 19 buildings with nearluy 1 million square feet of spacee in the parksincs 1996. Key park tenants include , Travel and .
Tuesday, March 6, 2012
Analyst raises AMR
elisovadinaimar.blogspot.com
He attributes this gain in optimism to the fact that American reported a lower than expected loss for theseconfd quarter. Derchin is even more positive abouft 2010, raising the company’s expectedd loss of 29 cents per share in 2010 to the predictionn that willbreak even. Derchin also totefd American’s ability to execute cost control andthe company’s overall competitiveness in the market for his improvee outlook. “Management has a culture of cost control and financialp prudence which helped them avoid bankruptcy inthe post-9/11 Derchin’s report said. “In fact, unit costse excluding labor, are among the lowestt in the industry.
”
He attributes this gain in optimism to the fact that American reported a lower than expected loss for theseconfd quarter. Derchin is even more positive abouft 2010, raising the company’s expectedd loss of 29 cents per share in 2010 to the predictionn that willbreak even. Derchin also totefd American’s ability to execute cost control andthe company’s overall competitiveness in the market for his improvee outlook. “Management has a culture of cost control and financialp prudence which helped them avoid bankruptcy inthe post-9/11 Derchin’s report said. “In fact, unit costse excluding labor, are among the lowestt in the industry.
”
Sunday, March 4, 2012
Bernstein-Rein lays off staff, warns of more - Kansas City Business Journal:
lyubomiradete.blogspot.com
Steve Bernstein, president of Bernstein-Rein, indicated that an unspecified number of future cuts may be The layoffs came in several departmentw during the course ofrecent weeks, he said. Bernstein citef the poor economy, less client spendinvg on advertising and reduced margins from billing as factorx drivingthe layoffs. “I’d say with everybody, thers is a tightening of the beltwith everybody’s marketing Bernstein said. The company’s most recent head count stood at 253 compared with 351 inMarch 2007. Bernstein-Rein, for many years No.
1 on the Kansas City BusinessJournal ’ s list of top area advertising has been supplanted the past two years by Bernsteib said layoffs after losing accounts with and the in combined with natural attrition, resulted in the lowet employee count. “There’s no doubt losing Wal-Mart and and the economy have made us asmallee agency,” Bernstein said. Gross income was $45.1 millionj in 2008, down more than 9 percent from its 2007 totalof $49.7 million. one of Kansas City’s best-known and longest-standing ad has hardly been alone in cutting jobs in theslippinh economy.
Kansas City-based let go of about 30 employeesin February, or 10 percen t of its total work force. Wichita-based cut jobs in its Kansae City office, though it didn’t specify how In the public relations industry, which often intersectss with localadvertising firms, let go of aboutf 13 employees in February. A year ago, well before the effectt of the recession wasfully apparent, several agencu executives said a slowing economy presented an opportunityu because they expected clients to ramp up marketingb and advertising efforts. Few are saying that now.
“Thi isn’t the nicest environment these saidPete Kovac, CEO of “I don’t thinkj anyone realized how bad things were in September and October when budgetsx were being locked.” Industru executives said clients in the curren t economy also are less willing to commif to long-term authorizations with a single opting instead at times for monthly or quarterly engagements. “It’s ... Clearly every client got the letter from the CEO thatsays we’rer not going to stop, but there’s stuff to watch,” said Phil Bressler, partner with . Bernsteij said clients also were moving away from payingfmedia commissions.
A traditional and increasinglyoutdatesd approach, the commissions pay a percentagee of a media buy back to the agency. He said that method of payment has fallen out of favor with clients who suspect that their advertising is pushed intoineffective media. Alternat billing methods haven’t alwayas provided the same high margins asmedisa commissions. “We’ve let the margin disappeard too much,” Bernstein said.
Steve Bernstein, president of Bernstein-Rein, indicated that an unspecified number of future cuts may be The layoffs came in several departmentw during the course ofrecent weeks, he said. Bernstein citef the poor economy, less client spendinvg on advertising and reduced margins from billing as factorx drivingthe layoffs. “I’d say with everybody, thers is a tightening of the beltwith everybody’s marketing Bernstein said. The company’s most recent head count stood at 253 compared with 351 inMarch 2007. Bernstein-Rein, for many years No.
1 on the Kansas City BusinessJournal ’ s list of top area advertising has been supplanted the past two years by Bernsteib said layoffs after losing accounts with and the in combined with natural attrition, resulted in the lowet employee count. “There’s no doubt losing Wal-Mart and and the economy have made us asmallee agency,” Bernstein said. Gross income was $45.1 millionj in 2008, down more than 9 percent from its 2007 totalof $49.7 million. one of Kansas City’s best-known and longest-standing ad has hardly been alone in cutting jobs in theslippinh economy.
Kansas City-based let go of about 30 employeesin February, or 10 percen t of its total work force. Wichita-based cut jobs in its Kansae City office, though it didn’t specify how In the public relations industry, which often intersectss with localadvertising firms, let go of aboutf 13 employees in February. A year ago, well before the effectt of the recession wasfully apparent, several agencu executives said a slowing economy presented an opportunityu because they expected clients to ramp up marketingb and advertising efforts. Few are saying that now.
“Thi isn’t the nicest environment these saidPete Kovac, CEO of “I don’t thinkj anyone realized how bad things were in September and October when budgetsx were being locked.” Industru executives said clients in the curren t economy also are less willing to commif to long-term authorizations with a single opting instead at times for monthly or quarterly engagements. “It’s ... Clearly every client got the letter from the CEO thatsays we’rer not going to stop, but there’s stuff to watch,” said Phil Bressler, partner with . Bernsteij said clients also were moving away from payingfmedia commissions.
A traditional and increasinglyoutdatesd approach, the commissions pay a percentagee of a media buy back to the agency. He said that method of payment has fallen out of favor with clients who suspect that their advertising is pushed intoineffective media. Alternat billing methods haven’t alwayas provided the same high margins asmedisa commissions. “We’ve let the margin disappeard too much,” Bernstein said.
Friday, March 2, 2012
Md. colleges given $11M to combat nursing shortage - Los Angeles Business from bizjournals:
takes-trendsthe.blogspot.com
The grants, being divvied among 17 Marylandnursing schools, will be used to lure facultyu and students, and improve technology at the universities. Maryland’se nursing shortage is expected toreacnh 10,000 by 2016, according to the . The current vacancyt rate of nurses at statwe hospitals is8 percent. The economic downturn has helpeds the industry because many retiresd nurses have come back to but once the recessioj ends the shortagewill worsen, said Carmela Coyle, CEO of the Marylanxd Hospital Association. The first round of grants will increasw the number of nurses graduating by 300 students and add 20 facultty positions at nursing programs acrossthe state.
“Ther number of nurses graduating from Marylanxd schools are simplynot enough,” said Ronald B. president of and co-chair of the “Who Will campaign at a press conference Monday. “We cannot take our eye off thenursinfg demand.” The campaign’s goal is to add 1,50 0 new nursing students. The program has raisedd $15.5 million to date through the state’a business community, including funds from the Baltimorde constructionform , , the region's largest hospital system, and , the region'a largest health insurer. Greater Baltimorse Medical Center, for example, gave $500,000.
The goal is to raisd $20 million from the private sectoer by the end ofthe year, and then raise an additio $40 million in local and federal funds. • • • • • ; and, • .
The grants, being divvied among 17 Marylandnursing schools, will be used to lure facultyu and students, and improve technology at the universities. Maryland’se nursing shortage is expected toreacnh 10,000 by 2016, according to the . The current vacancyt rate of nurses at statwe hospitals is8 percent. The economic downturn has helpeds the industry because many retiresd nurses have come back to but once the recessioj ends the shortagewill worsen, said Carmela Coyle, CEO of the Marylanxd Hospital Association. The first round of grants will increasw the number of nurses graduating by 300 students and add 20 facultty positions at nursing programs acrossthe state.
“Ther number of nurses graduating from Marylanxd schools are simplynot enough,” said Ronald B. president of and co-chair of the “Who Will campaign at a press conference Monday. “We cannot take our eye off thenursinfg demand.” The campaign’s goal is to add 1,50 0 new nursing students. The program has raisedd $15.5 million to date through the state’a business community, including funds from the Baltimorde constructionform , , the region's largest hospital system, and , the region'a largest health insurer. Greater Baltimorse Medical Center, for example, gave $500,000.
The goal is to raisd $20 million from the private sectoer by the end ofthe year, and then raise an additio $40 million in local and federal funds. • • • • • ; and, • .
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