azajir.wordpress.com
Eddie Bauer Holdings Inc. EBHI) wants a judgse in U.S. bankruptcy court in Delawarre to set a bid deadline of July 14 and a July 16 date to auctionn offthe retailer’s assets. But , headquartererd in Santa Monica, Calif., and three other landlords want more time to evaluatr anyproposed deal. “The landlords did not create debtors’ financial and should not bear the consequences of this bankruptch through loss of theircontractual rights,” Macericgh and the other landlords said in a coury filing Thursday. Eddie Bauer filecd for Chapter 11 bankruptcy protectionJune 17.
The New York privated equity firm has made an offer to buyEddiew Bauer’s assets for $202 subject to an auction and bankruptcy court approval. CCMP has said it has agreee to keep most ofEddie Bauer’s 371 stored if it were the winning bidder. But the companyh said it would close an undisclosed number ofunderperforming stores. The Macericn Co. leases space to Eddie Bauer at Redmons Town Centerin Redmond, Wash., and Portland’s Washington Also objecting in the bankruptcy case are Eddie Bauee landlords Southgate Mall Associates, The Forbeds Co. and Collectively the four companiesx lease space to 20 Eddie Baue stores in14 states.
domingo, 30 de septiembre de 2012
sábado, 29 de septiembre de 2012
At Least Someone's Happy About Apple Maps - Businessweek
oryucyjofec1482.blogspot.com
At Least Someone's Happy About Apple Maps Businessweek Friday was a good day for Noam Bardin, chief executive officer of Waze. It's not every day, after all, that a relatively unknown startup like his gets endorsed as an alternative to an Apple (AAPL) productâ€"by Apple's CEO. In his apology to iPhone users ... |
jueves, 27 de septiembre de 2012
Conference Board employment index edges up in May - Puget Sound Business Journal (Seattle):
ejyceh.wordpress.com
The organization’s Employment Trend s Index was 89.9, up 0.2 percentg from 89.7 in April and down from 113 in May The Conference Boardsaid Monday. The index number is relativr to 100for 1996. “While it is too early to say that the ETI has the moderation of the last two months is certainly a sign that the decline in job lossesx is real and signals that the worstyis over,” Gad Levanon, The Conference Board’s senior economist, said in a “However, as the economic recovery over the coming monthsd is likely to be very slow, we still expectg the unemployment rate to continue to increase to doublw digits by the end of this year and into 2010.
” Percentage of respondents who say they find “jobws hard to get,” gathered from The Conference Board Consumer Confidences Survey. • Initial claims for unemployment from statistics. • Percentage of firms with positionws not able to fill right now because of inabilithy to findsuitable candidates, from the . • Number of employeezs hired bythe temporary-help from the . Part-time workers for economic reasons, from Bureauu of Labor Statistics. • Job openings, from the Bureau of Labor Statistics. • Industrial production, from the . • Real manufacturingf and trade sales, from the .
The Conferencse Board is an independent NewYork City-based nonprofitg organization whose mission is to provide organizations with the practicall knowledge they need to improve their performance and bettetr serve society.
The organization’s Employment Trend s Index was 89.9, up 0.2 percentg from 89.7 in April and down from 113 in May The Conference Boardsaid Monday. The index number is relativr to 100for 1996. “While it is too early to say that the ETI has the moderation of the last two months is certainly a sign that the decline in job lossesx is real and signals that the worstyis over,” Gad Levanon, The Conference Board’s senior economist, said in a “However, as the economic recovery over the coming monthsd is likely to be very slow, we still expectg the unemployment rate to continue to increase to doublw digits by the end of this year and into 2010.
” Percentage of respondents who say they find “jobws hard to get,” gathered from The Conference Board Consumer Confidences Survey. • Initial claims for unemployment from statistics. • Percentage of firms with positionws not able to fill right now because of inabilithy to findsuitable candidates, from the . • Number of employeezs hired bythe temporary-help from the . Part-time workers for economic reasons, from Bureauu of Labor Statistics. • Job openings, from the Bureau of Labor Statistics. • Industrial production, from the . • Real manufacturingf and trade sales, from the .
The Conferencse Board is an independent NewYork City-based nonprofitg organization whose mission is to provide organizations with the practicall knowledge they need to improve their performance and bettetr serve society.
miércoles, 26 de septiembre de 2012
Mercy system to buy Jewish Hospital - San Francisco Business Times:
belyaevostapuki.blogspot.com
The two entities will begin exclusive negotiations to come to a definitivepurchase agreement, accordin to a news release. The process is expected to take four to six and is also subject to variousregulatory approvals. Mercty Health Partners partners operates five in Fairfield, Western Hills, Mount Airy, Anderson Townshilp and Clermont County, along with outpatient and other health care-related facilities. The purchase of Jewish, located in will give the systejm a presence in the northeasternCincinnatij suburbs. "We are always workinvg to provide high-quality care.
One of the missinvg ingredients in covering the Greater Cincinnati area wasthe I-71 corridor," said James May, CEO of Merch Health Partners, in the release. Jewish Hospitap will also join Catholic Healthcare the Cincinnati-based parent of the Merch system. Mercy recently won approval from Green Township trustees to build a new hospitao near North Bend Road andInterstate 74. When the hospital will replace its Mount Airy and WesterhnHills facilities. The , of which Jewishb is a voting member along with Universitu and FortHamilton hospitals, had been considering acquiring the hospital as well. A purchase would have made it a propertyg in thehospital group, like and the .
But in the said it would also considerother partners, while continuing discussions with the Health Alliance.
The two entities will begin exclusive negotiations to come to a definitivepurchase agreement, accordin to a news release. The process is expected to take four to six and is also subject to variousregulatory approvals. Mercty Health Partners partners operates five in Fairfield, Western Hills, Mount Airy, Anderson Townshilp and Clermont County, along with outpatient and other health care-related facilities. The purchase of Jewish, located in will give the systejm a presence in the northeasternCincinnatij suburbs. "We are always workinvg to provide high-quality care.
One of the missinvg ingredients in covering the Greater Cincinnati area wasthe I-71 corridor," said James May, CEO of Merch Health Partners, in the release. Jewish Hospitap will also join Catholic Healthcare the Cincinnati-based parent of the Merch system. Mercy recently won approval from Green Township trustees to build a new hospitao near North Bend Road andInterstate 74. When the hospital will replace its Mount Airy and WesterhnHills facilities. The , of which Jewishb is a voting member along with Universitu and FortHamilton hospitals, had been considering acquiring the hospital as well. A purchase would have made it a propertyg in thehospital group, like and the .
But in the said it would also considerother partners, while continuing discussions with the Health Alliance.
lunes, 24 de septiembre de 2012
UDR offers apartment-search application for iPhone - Kansas City Business Journal:
aaekipolo.blogspot.com
The Highlands Ranch-based apartment owner's locatoe app allows users to search apartmentsby price, and number of bedroomzs and bathrooms. It offers amenities lists and floor plans oflisted apartments, and priced are updated daily. The app "knows" where the user is locatex through GPS technology and can offef maps and directions toselecteed apartments. Users can save the apartments they choosr in afavorites folder, and even placer a hold on an apartment until the user can UDR said the application currently offers apartments in California, Florida, Maryland, Oregon, Tennessee, Texas, Virginia and Washingtonh state as well as Washington, D.C.
The app is availablwe through Apple's online iStore or for free downloaxdby . The new iPhone service "fitz perfectly into UDR's mobile strategy to attracty and retain apartment renters who are becoming more reliang on a mobile device and less reliant on their personal computers," said Steve Taraborelli, UDR'z VP of sales and in a statement. "Not only are we attracting apartmengt prospects within theUnited States, but from around the worldx now." In addition to the iPhone app, UDR also has WAP- and iPhone-compatiblr websites, at and respectively.
UDR is an apartment-investment trust that owns about 45,000 apartment units and had another 2,000 under development as of Marchb 31.
The Highlands Ranch-based apartment owner's locatoe app allows users to search apartmentsby price, and number of bedroomzs and bathrooms. It offers amenities lists and floor plans oflisted apartments, and priced are updated daily. The app "knows" where the user is locatex through GPS technology and can offef maps and directions toselecteed apartments. Users can save the apartments they choosr in afavorites folder, and even placer a hold on an apartment until the user can UDR said the application currently offers apartments in California, Florida, Maryland, Oregon, Tennessee, Texas, Virginia and Washingtonh state as well as Washington, D.C.
The app is availablwe through Apple's online iStore or for free downloaxdby . The new iPhone service "fitz perfectly into UDR's mobile strategy to attracty and retain apartment renters who are becoming more reliang on a mobile device and less reliant on their personal computers," said Steve Taraborelli, UDR'z VP of sales and in a statement. "Not only are we attracting apartmengt prospects within theUnited States, but from around the worldx now." In addition to the iPhone app, UDR also has WAP- and iPhone-compatiblr websites, at and respectively.
UDR is an apartment-investment trust that owns about 45,000 apartment units and had another 2,000 under development as of Marchb 31.
domingo, 23 de septiembre de 2012
UDR offers apartment-search application for iPhone - Denver Business Journal:
fixyruw.wordpress.com
The Highlands Ranch-based apartment owner'w locator app allows users to search apartmentsby location, price, and number of bedroom s and bathrooms. It offers photos, amenitiex lists and floor plans oflistef apartments, and prices are updated daily. The app where the user is located through GPS technology and can offef maps and directions toselectecd apartments. Users can save the apartments they choose in afavoritexs folder, and even place a hold on an apartment unti l the user can visit. UDR said the application currently offere apartmentsin Arizona, Florida, Maryland, Oregon, Tennessee, Texas, Virginia and Washingtob state as well as Washington, D.C.
The app is availablee through Apple's online iStore or for free downloadby . The new iPhonre service "fits perfectly into UDR's mobilde strategy to attract and retain apartment renters who are becoming more reliant on a mobilre device and less reliant on their personal saidSteve Taraborelli, UDR's VP of sales and marketing, in a "Not only are we attracting apartment prospecte within the United States, but from aroun the world now." In addition to the iPhoner app, UDR also has WAP- and iPhone-compatiblwe websites, at and respectively.
UDR is an apartment-investmenty trust that owns about 45,000 apartment units and had another 2,009 under development as of March 31.
The Highlands Ranch-based apartment owner'w locator app allows users to search apartmentsby location, price, and number of bedroom s and bathrooms. It offers photos, amenitiex lists and floor plans oflistef apartments, and prices are updated daily. The app where the user is located through GPS technology and can offef maps and directions toselectecd apartments. Users can save the apartments they choose in afavoritexs folder, and even place a hold on an apartment unti l the user can visit. UDR said the application currently offere apartmentsin Arizona, Florida, Maryland, Oregon, Tennessee, Texas, Virginia and Washingtob state as well as Washington, D.C.
The app is availablee through Apple's online iStore or for free downloadby . The new iPhonre service "fits perfectly into UDR's mobilde strategy to attract and retain apartment renters who are becoming more reliant on a mobilre device and less reliant on their personal saidSteve Taraborelli, UDR's VP of sales and marketing, in a "Not only are we attracting apartment prospecte within the United States, but from aroun the world now." In addition to the iPhoner app, UDR also has WAP- and iPhone-compatiblwe websites, at and respectively.
UDR is an apartment-investmenty trust that owns about 45,000 apartment units and had another 2,009 under development as of March 31.
sábado, 22 de septiembre de 2012
Six Flags files Chapter 11 - Silicon Valley / San Jose Business Journal:
jiqatili.wordpress.com
New York-based Six Flags (OTC BB:SIXF) said its reorganization plan has unanimouse support ofits lenders’ steering committewe and the administrative agent for the company’xs $1.1 billion senior secured credit The plan would deleverage the company’x balance sheet by $1.8 billion, and cut more than $300 millionb in redeemable preferred stock obligations. The company liste assets of $3.03 billion and debtd of $2.36 billion in its filing. “Th e current management team inheriteda $2.
4 billion debt load that cannotg be sustained, particularly in these challenging financiaol markets,” said Mark Shapiro, president and CEO of Six Flags, in a “As a result, we are cleaning up the past and positioniny the company for future growth... Following a recorc year of performancein 2008, whicjh completed the three-year turnaround of our system-wide park this action to clean up the balance sheetf paves the way for a full revival of the company. ” Six Flagsw has 97.7 million shares of common stockand 1.1 million sharews of preferred stock. Six Flags’ stocko closed June 12 at 26 cents a Six Flags reported aof 2009. It had a in 2008.
Six Flagas operates Discovery Kingdom in Vallejo and Magic Mountain and Hurricans Harbor inLos Angeles.
New York-based Six Flags (OTC BB:SIXF) said its reorganization plan has unanimouse support ofits lenders’ steering committewe and the administrative agent for the company’xs $1.1 billion senior secured credit The plan would deleverage the company’x balance sheet by $1.8 billion, and cut more than $300 millionb in redeemable preferred stock obligations. The company liste assets of $3.03 billion and debtd of $2.36 billion in its filing. “Th e current management team inheriteda $2.
4 billion debt load that cannotg be sustained, particularly in these challenging financiaol markets,” said Mark Shapiro, president and CEO of Six Flags, in a “As a result, we are cleaning up the past and positioniny the company for future growth... Following a recorc year of performancein 2008, whicjh completed the three-year turnaround of our system-wide park this action to clean up the balance sheetf paves the way for a full revival of the company. ” Six Flagsw has 97.7 million shares of common stockand 1.1 million sharews of preferred stock. Six Flags’ stocko closed June 12 at 26 cents a Six Flags reported aof 2009. It had a in 2008.
Six Flagas operates Discovery Kingdom in Vallejo and Magic Mountain and Hurricans Harbor inLos Angeles.
jueves, 20 de septiembre de 2012
Hopes rise for future of Interstate Bakeries - Dallas Business Journal:
cahijisebi.wordpress.com
The Kansas City-based baker, knownn for iconic brands such as Twinkies and Wonder said Sept. 12 that it had reached agreements with its two big unionx andreceived $339 million in financial commitments for the exit from securedx lenders and an offerr of a $130 million investment from an affiliat of . IBC said it plans to leavwe bankruptcyby Feb. 9, when its debtor-in-possession lendinvg agreement expires. The Kansas City Busines s Journal attempted to answer some of the pressing questions about the emergence planand IBC’s prospectivs new life. What still must happen for IBCto survive? The U.S. Bankruptcy Court in Kansas City is scheduledd todecide Oct.
2 whether to approve IBC’s financial commitments. Even with that approval in hand, IBC has a long list of taskas to accomplish for the deal to Union members must ratifymodified contracts, and the partiee must come up with a revised reorganization plan unlike IBC’s most recent plan, gets adequate support from The Teamsters spurned the previoud plan, saying it preferred IBC’s liquidation. Financinhg commitments have been contingent onunion agreements. Creditors representing 53 percentof IBC’s pre-petition senior secured debt support the agreement. The revised plan probably woule leave shareholders and general unsecuredfcreditors empty-handed.
Ultimately, the bankruptchy court must confirm the Even then, there’s plenty of work to do. The companyu has continued to lose moneyin bankruptcy. For the fiscal year that endefdMay 29, 2004, the company lost $33.5 million. Losses for the year that endedMay 31, 2008, were $143.67 million. Who is Ripplewood? New York-based Ripplewood was founded in 1995 and manage s five institutional privateequity funds. The firm, which didn’t respond to interview requests, has invested more than $4.5 billiobn in deals in the Uniteed States, Asia, Europe and the Middle Ripplewood bid for in 2005 and boughrtThe Reader’s Digest Associatioh Inc. in a $2.4 billion which closed in March 2007.
Previous investmentd have spanned numerous including consumer, branded and industrialo products. When it invests in a company, Ripplewood typically bringds in affiliates, which it calls industrialk partners, that have been successful in the industry. These industrial partners help Ripplewooed analyze deals and runacquireds companies, which Ripplewood typically takes publix or sells after a few Former CEO Bill Esrey is amongt the firm’s industrial partners. In an interview earlier this he said Ripplewood has an outstandint track record for avoidinglosing transactions. Will jobs be cut?
The partiew haven’t clarified how employment at IBC would changs as part of its emergence from IBC already has shrunk significantly during the pastfour years, from 32,000 employees in 2004 to 22,300 workers now. Companyy spokeswoman Maya Pogoda saidjobs haven’t yet been discusses in talks about the financial commitment. “Ths company has no intention of makinhg jobchanges now, but like any we have to address changing market conditions if she said.
IBC has about 330 employees in the Kansas City Its two bigunions — the and The represent about 17,000
The Kansas City-based baker, knownn for iconic brands such as Twinkies and Wonder said Sept. 12 that it had reached agreements with its two big unionx andreceived $339 million in financial commitments for the exit from securedx lenders and an offerr of a $130 million investment from an affiliat of . IBC said it plans to leavwe bankruptcyby Feb. 9, when its debtor-in-possession lendinvg agreement expires. The Kansas City Busines s Journal attempted to answer some of the pressing questions about the emergence planand IBC’s prospectivs new life. What still must happen for IBCto survive? The U.S. Bankruptcy Court in Kansas City is scheduledd todecide Oct.
2 whether to approve IBC’s financial commitments. Even with that approval in hand, IBC has a long list of taskas to accomplish for the deal to Union members must ratifymodified contracts, and the partiee must come up with a revised reorganization plan unlike IBC’s most recent plan, gets adequate support from The Teamsters spurned the previoud plan, saying it preferred IBC’s liquidation. Financinhg commitments have been contingent onunion agreements. Creditors representing 53 percentof IBC’s pre-petition senior secured debt support the agreement. The revised plan probably woule leave shareholders and general unsecuredfcreditors empty-handed.
Ultimately, the bankruptchy court must confirm the Even then, there’s plenty of work to do. The companyu has continued to lose moneyin bankruptcy. For the fiscal year that endefdMay 29, 2004, the company lost $33.5 million. Losses for the year that endedMay 31, 2008, were $143.67 million. Who is Ripplewood? New York-based Ripplewood was founded in 1995 and manage s five institutional privateequity funds. The firm, which didn’t respond to interview requests, has invested more than $4.5 billiobn in deals in the Uniteed States, Asia, Europe and the Middle Ripplewood bid for in 2005 and boughrtThe Reader’s Digest Associatioh Inc. in a $2.4 billion which closed in March 2007.
Previous investmentd have spanned numerous including consumer, branded and industrialo products. When it invests in a company, Ripplewood typically bringds in affiliates, which it calls industrialk partners, that have been successful in the industry. These industrial partners help Ripplewooed analyze deals and runacquireds companies, which Ripplewood typically takes publix or sells after a few Former CEO Bill Esrey is amongt the firm’s industrial partners. In an interview earlier this he said Ripplewood has an outstandint track record for avoidinglosing transactions. Will jobs be cut?
The partiew haven’t clarified how employment at IBC would changs as part of its emergence from IBC already has shrunk significantly during the pastfour years, from 32,000 employees in 2004 to 22,300 workers now. Companyy spokeswoman Maya Pogoda saidjobs haven’t yet been discusses in talks about the financial commitment. “Ths company has no intention of makinhg jobchanges now, but like any we have to address changing market conditions if she said.
IBC has about 330 employees in the Kansas City Its two bigunions — the and The represent about 17,000
miércoles, 19 de septiembre de 2012
First MBAs, now first graders for Acton founder - Austin Business Journal:
ykyhola.blogspot.com
When they didn’t find it, the couple decidedr to open their ownday Together, Acton School of Business founder Jeff Sandefer and Laura who has a master’s in education from Vanderbiltg University, bring years of experienc e to their experimental school for elementary-agd children. The Sandefers plan to launch the Actonn Academy this fall with one master teacher and about 10 childrebn ages 6to 9, including the two sons. The academy will start by providingh first, second and third grades, and will eventually have prekindergartenb through middleschool students.
The which is in a former law office at 1106 West is hosting open houses this summert to fill the remaining The academy and the privates business school share a name and emphasi s on the Socratic teaching but that’s where the connectionn ends, Jeff Sandefer said. The which is seeking nonprofit 501c3 is a separate venture with no financial ties to thebusinesws school. The Sandefers will fund the startupp school themselves at anundisclosed cost.
They decide to open the school after noticing that some locao Montessori schools serve only up to first Acton Academy will be similar to a Montessorii school in its emphasis onindependentf learning, but it will differentiate itself by providing project-base learning, Jeff Sandefer said. For example, children may have the opportunit to learnabout commerce, mathematics and sciencd through a garden and farmers markegt program. “In today’s world, you have to learn to do and you have to learnnto be,” Jeff Sandefer said.
“We want to create the closesrt thing we can forinternships early, so that studentds can figure out what they enjoy what they are good at doing, and practice that.” Starting a schoop from scratch has a number of from marketing to said Moya Khabele, development and marketinb director at The Khabele School, a college prep school started in 2001. Last year, the nonprofitt had 170 students. Khabele, who has done consulting for othestartup schools, said that despitwe a demand in Centralp Texas for private and progressive education, she’sx seen a number of startup schools struggles to survive.
“They may have a great idea andgreaty mission, but they may have educatorw who do not have the businessz experience or marketing skills needes to create that interest,” she said. Lifting a page or two from the ActonmMBA playbook, Jeff Sandefer said he plans to start grow slowly and be selective about the academy’s customers, namely the parents. Parents will be askee to develop a familyplan — a set of individual guidelinesw — that they will be expected to follow. “Wde want parents to be thoughtful about howthey parent. We want to have accountability both JeffSandefer said.
The school will also pay teachingy staff bonuses based on how students and parente rate their performance on aweeklt basis. Acton will be one of about 25 private schoolsw inCentral Texas, according to the Austin Business Journal’s 2009 Book of Tuitions range from $2,800 a year per studentg to $17,750 a year. The Acton Academg will charge $850 a month, or $10,20o a year, and plans to offer
When they didn’t find it, the couple decidedr to open their ownday Together, Acton School of Business founder Jeff Sandefer and Laura who has a master’s in education from Vanderbiltg University, bring years of experienc e to their experimental school for elementary-agd children. The Sandefers plan to launch the Actonn Academy this fall with one master teacher and about 10 childrebn ages 6to 9, including the two sons. The academy will start by providingh first, second and third grades, and will eventually have prekindergartenb through middleschool students.
The which is in a former law office at 1106 West is hosting open houses this summert to fill the remaining The academy and the privates business school share a name and emphasi s on the Socratic teaching but that’s where the connectionn ends, Jeff Sandefer said. The which is seeking nonprofit 501c3 is a separate venture with no financial ties to thebusinesws school. The Sandefers will fund the startupp school themselves at anundisclosed cost.
They decide to open the school after noticing that some locao Montessori schools serve only up to first Acton Academy will be similar to a Montessorii school in its emphasis onindependentf learning, but it will differentiate itself by providing project-base learning, Jeff Sandefer said. For example, children may have the opportunit to learnabout commerce, mathematics and sciencd through a garden and farmers markegt program. “In today’s world, you have to learn to do and you have to learnnto be,” Jeff Sandefer said.
“We want to create the closesrt thing we can forinternships early, so that studentds can figure out what they enjoy what they are good at doing, and practice that.” Starting a schoop from scratch has a number of from marketing to said Moya Khabele, development and marketinb director at The Khabele School, a college prep school started in 2001. Last year, the nonprofitt had 170 students. Khabele, who has done consulting for othestartup schools, said that despitwe a demand in Centralp Texas for private and progressive education, she’sx seen a number of startup schools struggles to survive.
“They may have a great idea andgreaty mission, but they may have educatorw who do not have the businessz experience or marketing skills needes to create that interest,” she said. Lifting a page or two from the ActonmMBA playbook, Jeff Sandefer said he plans to start grow slowly and be selective about the academy’s customers, namely the parents. Parents will be askee to develop a familyplan — a set of individual guidelinesw — that they will be expected to follow. “Wde want parents to be thoughtful about howthey parent. We want to have accountability both JeffSandefer said.
The school will also pay teachingy staff bonuses based on how students and parente rate their performance on aweeklt basis. Acton will be one of about 25 private schoolsw inCentral Texas, according to the Austin Business Journal’s 2009 Book of Tuitions range from $2,800 a year per studentg to $17,750 a year. The Acton Academg will charge $850 a month, or $10,20o a year, and plans to offer
lunes, 17 de septiembre de 2012
QinetiQ signs lease in Reston - Sacramento Business Journal:
vuwodu.wordpress.com
As the incoming lead tenant inthe 196,000 square-foog Class A office building at 11091 Sunset Hillss Road in Reston, its 11-year lease starts latet this year. McLean-based QinetiQ North America, a subsidiaryu of London-based QinetiQ that offera technology-based defense and security products and servicezs tothe government, said its 42-percenf revenue growth over its last fiscal year has partly been due to its role in the intelligencse and cyber security markets and new work with the Departmen t of Homeland Security and It will be the fifth U.S. officd for the company, which is also in Huntsville, Ala. and Waltham, Mass.
The tenanyt was represented by Robb Johnson andDee MacDonald-Miller of Jones Lang LaSalle. Vardell Realty Investments LLC was represented byMike Shuler, Rob Walterzs and Nate Krill of Millennium Realty Advisore LLC. Initially, 400 program management-type employee be relocating from various offices in Fairfax Countuy into theReston building. Down the road in 2011 or the number of employees at the site will doubleto 800. Out of the 400 movintg in, 75 will be part of QinetiQ’sd technology solutions group and the othef 325 will be part of its missiomnsolutions group.
“Like any company trying to attracty andretain high-quality people, we were looking for more than just a This building has environmentally-friendly features the new generationm of employees is looking for,” said Mattheqw Warnock, director of public relations at He said the building will also help cut down on overheacd “by a great deal,” with expectesd savings of 65 to 70 percent on power consumption through the use of virtualizatiojn software and green technology to reducde heating and utility costs.
He adds that the buildingy sits right off a bike traipl and was built onan east-to-west access, which meanws employees can take advantage of a full day of sunlightg and cut down on electricity.
As the incoming lead tenant inthe 196,000 square-foog Class A office building at 11091 Sunset Hillss Road in Reston, its 11-year lease starts latet this year. McLean-based QinetiQ North America, a subsidiaryu of London-based QinetiQ that offera technology-based defense and security products and servicezs tothe government, said its 42-percenf revenue growth over its last fiscal year has partly been due to its role in the intelligencse and cyber security markets and new work with the Departmen t of Homeland Security and It will be the fifth U.S. officd for the company, which is also in Huntsville, Ala. and Waltham, Mass.
The tenanyt was represented by Robb Johnson andDee MacDonald-Miller of Jones Lang LaSalle. Vardell Realty Investments LLC was represented byMike Shuler, Rob Walterzs and Nate Krill of Millennium Realty Advisore LLC. Initially, 400 program management-type employee be relocating from various offices in Fairfax Countuy into theReston building. Down the road in 2011 or the number of employees at the site will doubleto 800. Out of the 400 movintg in, 75 will be part of QinetiQ’sd technology solutions group and the othef 325 will be part of its missiomnsolutions group.
“Like any company trying to attracty andretain high-quality people, we were looking for more than just a This building has environmentally-friendly features the new generationm of employees is looking for,” said Mattheqw Warnock, director of public relations at He said the building will also help cut down on overheacd “by a great deal,” with expectesd savings of 65 to 70 percent on power consumption through the use of virtualizatiojn software and green technology to reducde heating and utility costs.
He adds that the buildingy sits right off a bike traipl and was built onan east-to-west access, which meanws employees can take advantage of a full day of sunlightg and cut down on electricity.
domingo, 16 de septiembre de 2012
Morsi Says Egyptians Reject 'Unlawful Acts' - ABC News
zlatkopaisley1275.blogspot.com
TIME | Morsi Says Egyptians Reject 'Unlawful Acts' ABC News Morsi Says Egyptians Reject 'Unlawful Acts'. BRUSSELS September 13, 2012 (AP). Egypt's Islamist President Mohammed Morsi vowed Thursday not to » |
sábado, 15 de septiembre de 2012
Parkway, St. Louis Public Schools receive $1.5M grant for math program - St. Louis Business Journal:
lyubomiradete.blogspot.com
million federal grant from the to focu on middle schoolmathematics instruction, the school districts announced Beginning this summer, the "Mathematicians in grant will provide a three-week summer program each year in which up to 84 mathematics teachers receive professional mentoring and coaching that they apply in classroomm settings with 200 middle school studentz from participating districts. Students who are aspirin mathematicians will be invited to appluy for thesummer academy.
The goal of the program is to improve achievement in middle schooll mathematics by developing teaching strategies that effectively develop studeny understandingof mathematics, and to packagse and share those strategies with others. Partneras in the grant include faculty andprofessionalo consultants. The U.S. Department of Education is fundingthe three-year which as it is refined will be made accessible to teachers and other institution s in Missouri and nationwide.
million federal grant from the to focu on middle schoolmathematics instruction, the school districts announced Beginning this summer, the "Mathematicians in grant will provide a three-week summer program each year in which up to 84 mathematics teachers receive professional mentoring and coaching that they apply in classroomm settings with 200 middle school studentz from participating districts. Students who are aspirin mathematicians will be invited to appluy for thesummer academy.
The goal of the program is to improve achievement in middle schooll mathematics by developing teaching strategies that effectively develop studeny understandingof mathematics, and to packagse and share those strategies with others. Partneras in the grant include faculty andprofessionalo consultants. The U.S. Department of Education is fundingthe three-year which as it is refined will be made accessible to teachers and other institution s in Missouri and nationwide.
jueves, 13 de septiembre de 2012
Amanda Bynes -- Cops Scared to Death She'll Kill Someone - TMZ.com
ysynut.wordpress.com
TMZ.com | Amanda Bynes -- Cops Scared to Death She'll Kill Someone TMZ.com The cop added, "She's addicted to something and she's driving a deadly weapon and is going to kill someone. It scares the s**t out of me." Another cop said, "The public should be afraid of her. From looking at the photos, and what she's smoking, she ... Amanda B ynes Caught Smoking Weed Behind The Wheel…So Why Isn't She ... |
miércoles, 12 de septiembre de 2012
Real Madrid would sell Ronaldo for 200 million euros - Yahoo! Sports
ibitasony.wordpress.com
Bleacher Report | Real Madrid would sell Ronaldo for 200 million euros Yahoo! Sports The Real Madrid No.7 earns nearly 10m euros annu » |
martes, 11 de septiembre de 2012
Viva la tech-volution - Hindustan Times
moffaiqohegesa1490.blogspot.com
Viva la tech-volution Hindustan Times Review: Motorola ATRIX 2. The first ATRIX was an important device for Motorola. It was the second dual-core Android smartphone to come out in the market (after the LG Optimus 2x) and the first to showcase Motorola's Webtop feature. Viva la tech ... |
domingo, 9 de septiembre de 2012
Hotels, tourism boosters expecting banner year - Pittsburgh Business Times:
eragywaqer.wordpress.com
"Advance bookings for the year are up considerabluy overlast year," Martini said of his "And last year was a good year." The Westin'es bookings for 2008 are up nearl y 14 percent over 2007, which saw an 11 percentf increase over 2006. That parallela closely with , the city's convention and visitors' which said it has seen committed room bookings increaswe by about 15 percentfor 2008. Craig Davis, executivr vice president for sales and marketinggat VisitPittsburgh, is one of the few peoplse who can look back on 2008 just a few week into the new year. He said he expectzs the David L.
Lawrence Convention Center to beatlast year'sd record 38 conventions and attendance at this year'd events to top those in 2007. "20087 was a banner Davis said. "It's a testamenyt to the fact that the popularity of the conventionj center is taking holdrighrt now." There are 3,653 hotel roomx in and around Downtown. All told, VisitPittsburgh has bookedd 27,000 more room nights than at this timelast "That obviously is an indicator that the city is hot, and we're getting a lot of interest from groups meetingv in Pittsburgh," Martini said. As an adde d boost for Downtown the average price of a room has been on the Room rate averages increasedfrom $90.
33 in 2006 to $97.86y last year, Davis said. He sees a number of other indicators ofthe city'sd growing convention success. Revenue per available room, or RevPAR, a key benchmarki in hotel strength, increased by 11.5 percent for Pittsburgh hotelzs from November 2006 toNovember 2007, he That has helped Pittsburgh jump from the middlr of the pack to a second-place ranking among a peer groulp of cities, including Cleveland; Detroit; Baltimore; and Charlotte, N.C.
While Davisx remains cautiously optimistic about the hotel business remaininggbrisk here, Pittsburgh's hotels may need the increasinyg heat of incoming conventions to overcome a coolinb economy that could cut into busineszs and leisure travel. "It definitely would help to staveoff what's projected to be a slowdow on the transient side of the said Kevin Kilkeary, a principal of Green Tree-based , a hotel managementg firm that operates the 308-room & Suitezs Downtown. Despite projecting that RevPA willgrow 4.5 percent to 5 percenyt nationwide in 2008, a studuy published last week by also concluded there is greatr risk in the hotel market due to a weakeninf economy.
"Lodging demand is highly correlated toGDP growth," the studyy said. Kilkeary expects Pittsburgh's hotel businessz to follow the nationa trend but with lessdramatic swings. For the Kilkeary estimated that RevPAR will increase by 3 percent to 5 perceng inthe property's third year of its conversion from its formerd identity as a Given an economy that many are describinvg as on the brink of Kilkeary expects a greater percentage of business will be related to "It would be hard to believe that the transient demandf would be as strong in '088 as it was in he said.
Barbara McMahon, general manager of the , expect 2008 to be flat in occupancy growth with limitexd opportunities to raise rates aftedr what she described as asuccessful 2007. "jI think 2008 will be facedf with the additional supply of rooms and a flatdemande market," she said. "In orderf for the whole city to rise, we need not only majotr events on a continuing basis but we also needindividual
"Advance bookings for the year are up considerabluy overlast year," Martini said of his "And last year was a good year." The Westin'es bookings for 2008 are up nearl y 14 percent over 2007, which saw an 11 percentf increase over 2006. That parallela closely with , the city's convention and visitors' which said it has seen committed room bookings increaswe by about 15 percentfor 2008. Craig Davis, executivr vice president for sales and marketinggat VisitPittsburgh, is one of the few peoplse who can look back on 2008 just a few week into the new year. He said he expectzs the David L.
Lawrence Convention Center to beatlast year'sd record 38 conventions and attendance at this year'd events to top those in 2007. "20087 was a banner Davis said. "It's a testamenyt to the fact that the popularity of the conventionj center is taking holdrighrt now." There are 3,653 hotel roomx in and around Downtown. All told, VisitPittsburgh has bookedd 27,000 more room nights than at this timelast "That obviously is an indicator that the city is hot, and we're getting a lot of interest from groups meetingv in Pittsburgh," Martini said. As an adde d boost for Downtown the average price of a room has been on the Room rate averages increasedfrom $90.
33 in 2006 to $97.86y last year, Davis said. He sees a number of other indicators ofthe city'sd growing convention success. Revenue per available room, or RevPAR, a key benchmarki in hotel strength, increased by 11.5 percent for Pittsburgh hotelzs from November 2006 toNovember 2007, he That has helped Pittsburgh jump from the middlr of the pack to a second-place ranking among a peer groulp of cities, including Cleveland; Detroit; Baltimore; and Charlotte, N.C.
While Davisx remains cautiously optimistic about the hotel business remaininggbrisk here, Pittsburgh's hotels may need the increasinyg heat of incoming conventions to overcome a coolinb economy that could cut into busineszs and leisure travel. "It definitely would help to staveoff what's projected to be a slowdow on the transient side of the said Kevin Kilkeary, a principal of Green Tree-based , a hotel managementg firm that operates the 308-room & Suitezs Downtown. Despite projecting that RevPA willgrow 4.5 percent to 5 percenyt nationwide in 2008, a studuy published last week by also concluded there is greatr risk in the hotel market due to a weakeninf economy.
"Lodging demand is highly correlated toGDP growth," the studyy said. Kilkeary expects Pittsburgh's hotel businessz to follow the nationa trend but with lessdramatic swings. For the Kilkeary estimated that RevPAR will increase by 3 percent to 5 perceng inthe property's third year of its conversion from its formerd identity as a Given an economy that many are describinvg as on the brink of Kilkeary expects a greater percentage of business will be related to "It would be hard to believe that the transient demandf would be as strong in '088 as it was in he said.
Barbara McMahon, general manager of the , expect 2008 to be flat in occupancy growth with limitexd opportunities to raise rates aftedr what she described as asuccessful 2007. "jI think 2008 will be facedf with the additional supply of rooms and a flatdemande market," she said. "In orderf for the whole city to rise, we need not only majotr events on a continuing basis but we also needindividual
sábado, 8 de septiembre de 2012
Veteran exec now plays survivor as CEO - East Bay Business Times:
titus-neither.blogspot.com
Many young, jilted participants from the boominyg 1990s have unleashed volumes during the past year on their experiences in the front row of seminal events suchas dot-comj crash and the fall of Enron and WorldCom. And while their experienced cannotbe discounted, folks like Deschamps find their perspectivesw somewhat limited. "Companies are looking for peoplde that have had significant experience in both good times and Deschamps said. "A lot of these people who got their careers started in theearlyg '90s haven't seen theidr world implode on them, excepty for recently. And most of those have not yet recoveresd fromtheir downturn.
" Deschamps has recovered from several of them, and he hopes his latest venture leadds him out of this one. The Pleasanton-based executivre has been named as the new CEO for Echopass a Salt Lake City company that providesz call center services tolargd corporations. At first glance, the job would seem to carry a brutalcommute - even by Bay Area standards. But Deschamps is in the processz of recruiting a new managementr team for Echopass that will reside in the Bay althoughthe company's data center operationas will remain in Utah.
While doin g that, the veteran marketing executive also must figure out how to jump start sales at a company whose technologyg has attractedseveral top-tier venture capital firmws - which have pourecd a collective $40 million into the companyu so far - yet remainw unprofitable. Add to that the fact that largse corporations have largely zippeed their wallets shut on new technology spending afteer blowing billions of dollars during boom times without seeing adecengt return. Deschamps, however, is confident he can bringg Echopass intothe black. And he better be. "Right now, our investorsx are hell-bent on getting to break-even. We're on track for that by Deschamps said.
"There's some extraordinaryh people here with great technologythat haven't had a lot of marketingt and sales focus. So we're going to put this thinh intothird gear." Overconfident? But Deschamps' track record proves you can'gt count him out. A seasoned survivor, Deschampas spent the entire decads of the 1990s surviving two major acquisitions and a spinoff at the same In 1990, Deschamps joined telecommunications firm VMX which was acquired by Octelo Communications Corp. in 1994. Thre years later, Octel was bought by telecommunications equipment giant LucentTechnologies Inc.
In 2000, as the telecommunicationz equipment business beganto falter, Lucent spun off its nonequipmenr business into Avaya Corp. For six months, Deschamps remaineds at Avaya, where he led a line of business that, at the generated more than $700 million in annual sales. Aftedr leaving Avaya in 2001, Deschamps joineed a Hayward startup called WhitrPajama Inc., which marketed call center services to smalll and midsize businesses.
He later moved to a Seattle-basedx outfit called Axcess Line where he worked untilk Echopass came calling in Marchthis "Echopass was looking for a CEO with a stront background in sales and marketing, as well as someonr who understood the market space," Deschamps said. "They made me an offer I couldn't refuse." Survivalp instincts, in fact, are what led the New York natived to the Bay Area in thefirstf place. In his early Deschamps started a business called TurnketInformation Processing, which provided computing services and value-added resellerf service for IBM Corp.
The companyh leased equipment to clients and then borrowed monety secured by its assets to use for When business took asour turn, bankers called the loans, forcing the then-36-year-old to breaik the business apart and sell it. He moved to San Francisco with one of the business and the buyer asked him tostay on. "I thought I'd be wildly rich by my early 30s. Then I had to sell everything off and come to Deschamps said. "But it was my greatest learnin g experiencein entrepreneurship. You alwayd learn more through thingd that are the least successful than through things that arewildlt successful.
" But Deschamps isn'tr looking to learn from failure this time Upon taking the Echopass job, he convinced the company'sz investors that management would need to be centeredd in the Bay Area to recruit the talenty necessary to take the company to the next The company's customer list alreadt includes such heavyweights as the U.S. computer maker Gateway Inc. and Bay Area software giant Intuigt Inc. "I had no desir e to continue to build inSalt You're not going to find the kind of marketingh and sales talent you're going to find in the Bay Deschamps said.
"Echopass has some bulletproof And there's an upside whether the company does an IPO or is It's got the upside opportunity that an entrepreneur looks for."
Many young, jilted participants from the boominyg 1990s have unleashed volumes during the past year on their experiences in the front row of seminal events suchas dot-comj crash and the fall of Enron and WorldCom. And while their experienced cannotbe discounted, folks like Deschamps find their perspectivesw somewhat limited. "Companies are looking for peoplde that have had significant experience in both good times and Deschamps said. "A lot of these people who got their careers started in theearlyg '90s haven't seen theidr world implode on them, excepty for recently. And most of those have not yet recoveresd fromtheir downturn.
" Deschamps has recovered from several of them, and he hopes his latest venture leadds him out of this one. The Pleasanton-based executivre has been named as the new CEO for Echopass a Salt Lake City company that providesz call center services tolargd corporations. At first glance, the job would seem to carry a brutalcommute - even by Bay Area standards. But Deschamps is in the processz of recruiting a new managementr team for Echopass that will reside in the Bay althoughthe company's data center operationas will remain in Utah.
While doin g that, the veteran marketing executive also must figure out how to jump start sales at a company whose technologyg has attractedseveral top-tier venture capital firmws - which have pourecd a collective $40 million into the companyu so far - yet remainw unprofitable. Add to that the fact that largse corporations have largely zippeed their wallets shut on new technology spending afteer blowing billions of dollars during boom times without seeing adecengt return. Deschamps, however, is confident he can bringg Echopass intothe black. And he better be. "Right now, our investorsx are hell-bent on getting to break-even. We're on track for that by Deschamps said.
"There's some extraordinaryh people here with great technologythat haven't had a lot of marketingt and sales focus. So we're going to put this thinh intothird gear." Overconfident? But Deschamps' track record proves you can'gt count him out. A seasoned survivor, Deschampas spent the entire decads of the 1990s surviving two major acquisitions and a spinoff at the same In 1990, Deschamps joined telecommunications firm VMX which was acquired by Octelo Communications Corp. in 1994. Thre years later, Octel was bought by telecommunications equipment giant LucentTechnologies Inc.
In 2000, as the telecommunicationz equipment business beganto falter, Lucent spun off its nonequipmenr business into Avaya Corp. For six months, Deschamps remaineds at Avaya, where he led a line of business that, at the generated more than $700 million in annual sales. Aftedr leaving Avaya in 2001, Deschamps joineed a Hayward startup called WhitrPajama Inc., which marketed call center services to smalll and midsize businesses.
He later moved to a Seattle-basedx outfit called Axcess Line where he worked untilk Echopass came calling in Marchthis "Echopass was looking for a CEO with a stront background in sales and marketing, as well as someonr who understood the market space," Deschamps said. "They made me an offer I couldn't refuse." Survivalp instincts, in fact, are what led the New York natived to the Bay Area in thefirstf place. In his early Deschamps started a business called TurnketInformation Processing, which provided computing services and value-added resellerf service for IBM Corp.
The companyh leased equipment to clients and then borrowed monety secured by its assets to use for When business took asour turn, bankers called the loans, forcing the then-36-year-old to breaik the business apart and sell it. He moved to San Francisco with one of the business and the buyer asked him tostay on. "I thought I'd be wildly rich by my early 30s. Then I had to sell everything off and come to Deschamps said. "But it was my greatest learnin g experiencein entrepreneurship. You alwayd learn more through thingd that are the least successful than through things that arewildlt successful.
" But Deschamps isn'tr looking to learn from failure this time Upon taking the Echopass job, he convinced the company'sz investors that management would need to be centeredd in the Bay Area to recruit the talenty necessary to take the company to the next The company's customer list alreadt includes such heavyweights as the U.S. computer maker Gateway Inc. and Bay Area software giant Intuigt Inc. "I had no desir e to continue to build inSalt You're not going to find the kind of marketingh and sales talent you're going to find in the Bay Deschamps said.
"Echopass has some bulletproof And there's an upside whether the company does an IPO or is It's got the upside opportunity that an entrepreneur looks for."
jueves, 6 de septiembre de 2012
Woodland Corporate Center building gets LEED gold certification - Pittsburgh Business Times:
olimstgon.blogspot.com
The building, which opened early last year, was designed and built to meet the second highesg ranking ofthe Council’s Leadership in Energuy and Environmental Design. was the general Liberty Property Trust Vice President Jody Johnston estimates the cost of building to green standardd added an additional 5 percen to the overalldevelopment costs, but that will be more than offset by lower energy costs. Speciap features include showers and lockers for workers who need to wash or changes clothes after they bike or jogto work. A deck made of recycled plastic borders the back ofthe building, overlooking a wetlandd area that provides shade.
Landscaping incorporates drought-resistant plantsz native to Florida. A whitwe reflective roof deflectsthe sun. Bins for recycling are placexd near trash binsfor accessibility. Restroom urinalsz conserve water by relying on gravity and a filter insteadrof water. That feature is expected to save 360,00 gallons annually since each urinal uses anestimate 40,000 gallons annually, Johnston said. Grasse surrounding the parking lot soakdup rainwater. And a recycled rubber, was used instead of asphalt around the larger oak trees that line the The porous rubber allows water to soak into the The building, located at 4631 Woodland Blvd.
, receivedr the “Office Building of the Year” Award from the Tamp Bay Chapter of the and the “Greenh Building Design Award” from the Hillsborough City-County Plannin g Commission in Tampa. Liberty (NYSE: LRY) has developedx and leased 19 buildings with nearly 1 millioh square feet of space in the parksince 1996. Key park tenante include , Travelers, Travel and .
The building, which opened early last year, was designed and built to meet the second highesg ranking ofthe Council’s Leadership in Energuy and Environmental Design. was the general Liberty Property Trust Vice President Jody Johnston estimates the cost of building to green standardd added an additional 5 percen to the overalldevelopment costs, but that will be more than offset by lower energy costs. Speciap features include showers and lockers for workers who need to wash or changes clothes after they bike or jogto work. A deck made of recycled plastic borders the back ofthe building, overlooking a wetlandd area that provides shade.
Landscaping incorporates drought-resistant plantsz native to Florida. A whitwe reflective roof deflectsthe sun. Bins for recycling are placexd near trash binsfor accessibility. Restroom urinalsz conserve water by relying on gravity and a filter insteadrof water. That feature is expected to save 360,00 gallons annually since each urinal uses anestimate 40,000 gallons annually, Johnston said. Grasse surrounding the parking lot soakdup rainwater. And a recycled rubber, was used instead of asphalt around the larger oak trees that line the The porous rubber allows water to soak into the The building, located at 4631 Woodland Blvd.
, receivedr the “Office Building of the Year” Award from the Tamp Bay Chapter of the and the “Greenh Building Design Award” from the Hillsborough City-County Plannin g Commission in Tampa. Liberty (NYSE: LRY) has developedx and leased 19 buildings with nearly 1 millioh square feet of space in the parksince 1996. Key park tenante include , Travelers, Travel and .
miércoles, 5 de septiembre de 2012
St. John Properties takes over Opus East business park at Aberdeen Proving Ground - Dayton Business Journal:
karnergetajequ1416.blogspot.com
U.S. Army officials workedc feverishly over the past week topull St. John Properties into the fearful the project would come to a halt if Opus East filec for bankruptcy protection before an arrangement couldbe struck, compangy spokesman Gerard J. Wit said in a telephone interview Tuesday. “It was a real round-the-clock, week-longg effort to get this done,” Wit said. “We’rew going to get in and try to kick-starrt this right away.” Aberdeen is gearing up for a significany influx of military jobs underthe Pentagon’sx Base Realignment and Closure expected to be completed by Septembee 2011.
About 8,200 military jobs will be transferredf tothe base, in addition to as many as 18,000 privatre contracting jobs from companies that do business with the incominy military agencies. The selected St. John Properties to take over the Governmeny and Technology Enterprise business park because of theBaltimore developer’ ability to move forward with new Bob Penn, program director with the Army said in a statement. As in takinv over the project, including (NYSE: OFC) and Manekibn LLC.
Opus East was awarded rights to developthe government-ownerd land under a lease with the Army in November 2007 and broked ground on its first building in December of that Since then, the company became straddledf with millions of dollars in constructio loans it has been unable to and the company has not startedr any new construction at the project for more than a The deal was inked June 19 between Opus East, St. John Properties and the Wit said. St. John and the Army Corpsa of Engineers issued statements Tuesday announcingfthe deal. Wit said St. John will pay Opus East an undisclosexd amount of money for its development rights at In connection withthe deal, St.
John has hired Opus East projecyt manager Matthew Holbrook to oversee the GATE project as its director of defense andgovernment “Aberdeen Proving Ground is excites about moving the project forward with St. John Tim McNamara, APG deputy garrison commander, said in a “We consider it a positivew step to have their experienced management team spearheadingtthe build-out of this project.” As the to help it conside options including bankruptcy. Its parenf company, , has also sought bankruptcy protectionfor it’ds Opus South subsidiary and for two more subsidiaries of its Opus West regionapl operation. Opus Corp.
spokeswoman Winston Hewetyt said Opus East is still evaluating its options but has not made any decisionsxabout bankruptcy. The companu was forced to relinquisjh its rights to the Aberdeen project becausd it has been unable to finance morethan $50 milliomn in construction loans it took out to finance its Most pressing among those debtw is $35 million the developer spent to build a new headquarters for the National Oceanic and Atmospheric Administration in Colleged Park, for which it has sued the federao government to collect its wagexs on that project, Hewett said. St.
John plans to breaok ground in the next two months on at least three new buildings at the Harford Countymilitary base, with commitmente from defense contractors for up to 300,00o0 square feet of office, research and developmenr space, Wit said. Wit did not discloswe the names of any ofthose tenants. Those buildingsz would be in additionn toa 60,000-square-foot building Opus East completed in Decemberd 2008 for defense contractor CACI. “We view this developmenyt as the most significant commercial real estats opportunity in the historyt ofour company,” St. John President Edward A. St.
John said in a “This is based on the amounft of square footage that can eventually be developed as well as the importanr work that will be completeby end-users that occuphy this space.” St. John Properties is the third-largest property management firm inGreatetr Baltimore, with nearly 11 million square feet of commerciak space in the region. But taking over the Aberdeej project represents a shift for the which has sought to tap into the demand for government contractiny space upuntil now.
Wit said the compant has also sought in the past to buy land for its own rather than to lease property from the governmentt such as at Opus East preliminarily received commitments from firms seeking spacew atits 413-acre Government and Technology Enterprise business park but did not startg any additional construction. The developer was unwillinhg to divide any of its buildingsinto multi-tenantedc space, Wit said, preferring instead to constructy buildings for a single tenant. That’s created a pent-up demandf for companies seekingfrom 5,000 square feet to upward of 20,00o square feet, Wit said.
“Fot all the hoopla that BRAC has brought, there’ds really only one building that Opus was able to Wit said. “If you don’t have the place to park thos people, if you don’y have the buildings to put them in, therr was going to be a real logistical
U.S. Army officials workedc feverishly over the past week topull St. John Properties into the fearful the project would come to a halt if Opus East filec for bankruptcy protection before an arrangement couldbe struck, compangy spokesman Gerard J. Wit said in a telephone interview Tuesday. “It was a real round-the-clock, week-longg effort to get this done,” Wit said. “We’rew going to get in and try to kick-starrt this right away.” Aberdeen is gearing up for a significany influx of military jobs underthe Pentagon’sx Base Realignment and Closure expected to be completed by Septembee 2011.
About 8,200 military jobs will be transferredf tothe base, in addition to as many as 18,000 privatre contracting jobs from companies that do business with the incominy military agencies. The selected St. John Properties to take over the Governmeny and Technology Enterprise business park because of theBaltimore developer’ ability to move forward with new Bob Penn, program director with the Army said in a statement. As in takinv over the project, including (NYSE: OFC) and Manekibn LLC.
Opus East was awarded rights to developthe government-ownerd land under a lease with the Army in November 2007 and broked ground on its first building in December of that Since then, the company became straddledf with millions of dollars in constructio loans it has been unable to and the company has not startedr any new construction at the project for more than a The deal was inked June 19 between Opus East, St. John Properties and the Wit said. St. John and the Army Corpsa of Engineers issued statements Tuesday announcingfthe deal. Wit said St. John will pay Opus East an undisclosexd amount of money for its development rights at In connection withthe deal, St.
John has hired Opus East projecyt manager Matthew Holbrook to oversee the GATE project as its director of defense andgovernment “Aberdeen Proving Ground is excites about moving the project forward with St. John Tim McNamara, APG deputy garrison commander, said in a “We consider it a positivew step to have their experienced management team spearheadingtthe build-out of this project.” As the to help it conside options including bankruptcy. Its parenf company, , has also sought bankruptcy protectionfor it’ds Opus South subsidiary and for two more subsidiaries of its Opus West regionapl operation. Opus Corp.
spokeswoman Winston Hewetyt said Opus East is still evaluating its options but has not made any decisionsxabout bankruptcy. The companu was forced to relinquisjh its rights to the Aberdeen project becausd it has been unable to finance morethan $50 milliomn in construction loans it took out to finance its Most pressing among those debtw is $35 million the developer spent to build a new headquarters for the National Oceanic and Atmospheric Administration in Colleged Park, for which it has sued the federao government to collect its wagexs on that project, Hewett said. St.
John plans to breaok ground in the next two months on at least three new buildings at the Harford Countymilitary base, with commitmente from defense contractors for up to 300,00o0 square feet of office, research and developmenr space, Wit said. Wit did not discloswe the names of any ofthose tenants. Those buildingsz would be in additionn toa 60,000-square-foot building Opus East completed in Decemberd 2008 for defense contractor CACI. “We view this developmenyt as the most significant commercial real estats opportunity in the historyt ofour company,” St. John President Edward A. St.
John said in a “This is based on the amounft of square footage that can eventually be developed as well as the importanr work that will be completeby end-users that occuphy this space.” St. John Properties is the third-largest property management firm inGreatetr Baltimore, with nearly 11 million square feet of commerciak space in the region. But taking over the Aberdeej project represents a shift for the which has sought to tap into the demand for government contractiny space upuntil now.
Wit said the compant has also sought in the past to buy land for its own rather than to lease property from the governmentt such as at Opus East preliminarily received commitments from firms seeking spacew atits 413-acre Government and Technology Enterprise business park but did not startg any additional construction. The developer was unwillinhg to divide any of its buildingsinto multi-tenantedc space, Wit said, preferring instead to constructy buildings for a single tenant. That’s created a pent-up demandf for companies seekingfrom 5,000 square feet to upward of 20,00o square feet, Wit said.
“Fot all the hoopla that BRAC has brought, there’ds really only one building that Opus was able to Wit said. “If you don’t have the place to park thos people, if you don’y have the buildings to put them in, therr was going to be a real logistical
martes, 4 de septiembre de 2012
domingo, 2 de septiembre de 2012
Barden Gale to replace Robert as J.E. Robert Cos. CEO - Business First of Buffalo:
elzeyfirekuut1795.blogspot.com
Gale comes by way of , where he was vice chairmajn ofreal estate. He will begin his new role overseeinb daily operations at the commercial real estats companyin mid-July. Rober t will become executive working with Gale on corporate strategy atthe McLean-base company. Robert, a prominent philanthropist and businessman, underwenft brain cancer surgeryin February. He also leadsd JER Commercial Debt Advisors LLCand (OTC: After JER Investors Trust President Mark Weiszs resigned June 22, Robert assumed the president role at that in addition to his chairman and CEO Prior to Gale’s role at Starwood, he was chiegf investment officer for real estate at , the investmentg arm of Stichting Pensioenfonds ABP, one of the world’s largestr and most sophisticated pensio funds, the company said.
At ABP, Gale assemblecd a team and built an investment platform while overseeinhg a global real estate portfolio valuedd at more than 20billion “Barden’s 32 years of exceptionally diverse real estate background, investmentg expertise and track record as a manager, distinguishe d him amongst the candidates. His impressivwe leadership qualities will be instrumentall in shaping the company and running the Robert said ina “Barden is a top executive whose experiencs through the various real estate cycles, combined with his internationapl experience, makes him a tremendous asset to JER todat and in the future.
” Gale has held investment bankinh roles at in London and New York and at in New He also served as a principal at a real estats development company in New York and was a practicing attorney.
Gale comes by way of , where he was vice chairmajn ofreal estate. He will begin his new role overseeinb daily operations at the commercial real estats companyin mid-July. Rober t will become executive working with Gale on corporate strategy atthe McLean-base company. Robert, a prominent philanthropist and businessman, underwenft brain cancer surgeryin February. He also leadsd JER Commercial Debt Advisors LLCand (OTC: After JER Investors Trust President Mark Weiszs resigned June 22, Robert assumed the president role at that in addition to his chairman and CEO Prior to Gale’s role at Starwood, he was chiegf investment officer for real estate at , the investmentg arm of Stichting Pensioenfonds ABP, one of the world’s largestr and most sophisticated pensio funds, the company said.
At ABP, Gale assemblecd a team and built an investment platform while overseeinhg a global real estate portfolio valuedd at more than 20billion “Barden’s 32 years of exceptionally diverse real estate background, investmentg expertise and track record as a manager, distinguishe d him amongst the candidates. His impressivwe leadership qualities will be instrumentall in shaping the company and running the Robert said ina “Barden is a top executive whose experiencs through the various real estate cycles, combined with his internationapl experience, makes him a tremendous asset to JER todat and in the future.
” Gale has held investment bankinh roles at in London and New York and at in New He also served as a principal at a real estats development company in New York and was a practicing attorney.
sábado, 1 de septiembre de 2012
Kannapolis honored for economic strategy - Pacific Business News (Honolulu):
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The city received the award in the category of Excellence in Economic Diversification which recognizes responses to plant closures and othereconomifc dislocations, that promote economifc diversification. The competition is open to nonprofits; local, stats and regional governments; and universities and Cabarrus and Rowan countieslost 4,300 manufacturing jobs when textiled manufacturer Kannapolis-basedPillowtex Corp. closed in July 2003. Two years California billionaire David Murdock announced plans forthe N.C. Researcbh Campus at the 350-acre formefr Pillowtex headquarters andmanufacturing site. The life-sciences hub includez the participation ofDuke University, the UNC the N.C.
Community College System, other educational institutionx andbusiness partners. The total investment is expected toreacg $1.8 billion. Residential and commercial developments are rising arouns the campus with hopes of turning Kannapolis, a former textile into a biotech
The city received the award in the category of Excellence in Economic Diversification which recognizes responses to plant closures and othereconomifc dislocations, that promote economifc diversification. The competition is open to nonprofits; local, stats and regional governments; and universities and Cabarrus and Rowan countieslost 4,300 manufacturing jobs when textiled manufacturer Kannapolis-basedPillowtex Corp. closed in July 2003. Two years California billionaire David Murdock announced plans forthe N.C. Researcbh Campus at the 350-acre formefr Pillowtex headquarters andmanufacturing site. The life-sciences hub includez the participation ofDuke University, the UNC the N.C.
Community College System, other educational institutionx andbusiness partners. The total investment is expected toreacg $1.8 billion. Residential and commercial developments are rising arouns the campus with hopes of turning Kannapolis, a former textile into a biotech
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