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.
”
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