Monday, April 30, 2012
Metropolitan keeps building - Business First of Columbus:
, which has builr apartments in the area between Grandview Heights andUppefr Arlington, plans to sell condows at its four-story Metropolitan project for $300,000 to Principal Matthew Vekasy said the developer worked with to creat a contemporary look for the project, but one that fits with the oldef residences on Northwest Boulevard and commercial properties on West Thirr Avenue. "We really studied the neighborhood," Vekashy said. "We picked up a lot of colorsw from the window mullions and the brick colors were pullexd offother buildings." The project will include 33 parking slots and a ground-floor lobby.
Vekast said the shape of the one-third-acre site promptedd the creation of three circular unitsa at one end of the buildinhand wedge-shaped units on the other The fourth-floor circular residence will have 15-foot-hign ceilings rising to 21 feet over a centraol kitchen, he said. The Metropolitan is the seventh residentialk project for Vekasy in the area between Grandview Heights and Upper Arlingtonsince 1998. In he built the 32-unit Drayton Court on Chambers Road. That rental complex is filled.
Other developeras also have tapped the Northwest Boulevard area for has the fifth ofits eight-building Boulevard Greenn townhouse project under constructioh on Northwest between Chambers and Nortg Star roads. Four of the 30 townhousex have been sold at an averagedof $250,000. The developer also has an eight-condi complex set for 1200 Grandview Ave., north of West Firsrt Avenue. Developer J. Daniel Schmidt's affiliatre is nearing completion of 16 to 20 units at the Heightw of Grandview condo complex at West Third andGrandview Avenue. The first of those unitxs sold earlier this monthfor $610,600.
Schmidtt said sales were "brisk," with buyers makiny commitments on more than half the which beginat $400,000. A few he said, will combine units and pay morethan $1.5 Most of the buyers, he said, are adults who no longef have children at home and are movin from residences in Upper Arlington and Grandview "The people interested in the project are from the northwesty area who want all the advantages of being in a trulgy urban setting with the restaurants and coffee shops," Schmidt said. Many of the salesd have come this month, about the time Cityspacer opened up itscondo model.
"You can't depend on pre-sales to make a projectf like that go," Schmidt "You have to build it." Vekasy said the Heights of as well as projects such as the Parkvieew Condominiums in Victorian Village show developers can sell urban living at high The Metropolitan, he said, aims to dip into the pool of professionalas residing in nearby apartments and the area's empty-nesterds to find buyers. Those residents, he want to stay close to the Grandview Avenud retail andentertainment district.
"They don't have to go downtownb to find that typeof (high-end) product," Vekasy
Saturday, April 28, 2012
Tribune readers invited to re-examine Susan Powell case - Salt Lake Tribune
Tribune readers invited to re-examine Susan Powell case Salt Lake Tribune A new Salt Lake Tribune Web page, www.sltrib.com/findsusan, allows readers to review how the tragic story of Susan Powell's disappearance has unfolded and contribute details that may hold answers to what happened to the young mother. |
Friday, April 27, 2012
Angels' misery continues in stunning 4-3 walk-off loss to Rays - Los Angeles Times
CBC.ca | Angels' misery continues in stunning 4-3 walk-off loss to Rays Los Angeles Times By Mike DiGiovanna ST. PETERSBURG, Fla.â"BJ Upton singled and pinch-hitter Brandon » |
Wednesday, April 25, 2012
Wisconsin Clopay plant to be closed - St. Louis Business Journal:
, the garage doors manufacturing businesasof Jericho, N.Y.-based Griffo (NYSE: GFF), is consolidating operations of the Baldwin plant, in St. Croixc County, and the operations from a plantin Ohio, into its plant in Troy, "These actions will enabl us to centralize production at our most technologicallu advanced facility so that Clopay can improvwe its manufacturing efficiency while improving our abilituy to serve the needs of our customers," said Stevwe Lynch, president of Clopay. "By consolidatin our manufacturing, we will streamline operations, lower costz and maintain the flexibility to meet supply demanda now and inthe future.
" The company estimates that it will incur pre-tax exit and restructuring costs of approximately $12 nearly all of which will be in cash. Charges will includee approximately $2 million for one-time termination benefitzs andother personnel-related costs.
Monday, April 23, 2012
AJC cuts more jobs in wake of circulation drop - Atlanta Business Chronicle:
cut 21 jobs in the IT department on June 18 as part of a AJC spokesperson Jennifer Morrow said30 full-time positions were nine of which were open, resulting in only 21 employees cut. Accordingg to figures released April 28 fromthe , the AJC saw a dailgy circulation decline of 8.5 percent to in the six-month period ending Marchn 31. Sunday numbers during the same perior fell 5 percentto 497,149. This drop in circulation followeda 9.1 percengt decline in the previous six-month On April 30, the AJC announcecd a restructuring of its circulation cutting 62 distribution positions and consolidating its distributionb operation to 49 counties.
Augusta-basedx , with $375 million in revenue last year, is also According to a May 14 filing with the Securities and Exchange the company is in danger of violatingy its debt agreementby Dec. 31, 2008. The news comes after the compant reported astartling 43.6 percent drop in profit from continuing operationd in 2007. Morris is the owner and operator of 13daily newspapers, including The Florida Times-Union in Fla.
Saturday, April 21, 2012
Kentucky banks ranked eighth for return on assets - Business First of Louisville:
In the First Quarter Banking Profile issued bythe , the 199 financial institutionsx based in Kentucky posted a return on average of 0.9 percent in first quarter of 2009. Only seven states had banksz that weremore profitable, according the KDFI North Dakota, at 1.48 percent; Colorado at 1.44 Hawaii at 1.38 percent; Montana at 1.25 Oklahoma at 1.17 percent; West Virginia at 1.02 percenyt and New York at 0.99 percent. a return on average assets of 1 percent is considerede a benchmark for aprofitabl bank. Below one percent usually means the bank posted a The average return nationally on averagde assets for the firstr quarterwas 0.
22 percent, including banks in the District of Columbia and Puerto Rico, with some states postinbg low or negative returns.
Thursday, April 19, 2012
Center City Commission boosting marketing budget by 37% in FY2010 - Memphis Business Journal:
million. The budget is $9,173 less than freezing most expenses but focusing more onmarketinh Downtown. The CCC froze staff salaries at $1.3 million for the but allowed for possible 3 percent raises in December atthe board’s Any raises would depend on how revenuew projections fared throughout the rest of the year. A large portion of the funding, $2.7 million, comes from assessed valuwe of commercial properties in the Centrall BusinessImprovement District. The CCC gets most of thesew revenues bylate fall, after propert y owner challenges have been processed. The CCC’sz advertising budget for the 2010fiscalk year, which starts in July 2009, is which is up 37.
2 percent compared to $169,00p last fiscal year. This is due to the CCC’zs plan to launch its largest marketing campaign to date in ordee to support Downtown retailers andothee stakeholders. The CCC budget still has to be approveed by the andthe . The CCC board also approvedf a resolution which wouldx recommend change a state Senatse bill to alter state government representatiom onthe board. Currently, the state Senate and Houses of Representatives have two representatives each on the CCC The proposed Senate bill would reduce that representation toone each.
Wednesday, April 18, 2012
Kentucky's starting 5 declares for NBA draft - The Associated Press
The Star-Ledger - NJ.com | Kentucky's starting 5 declares for NBA draft The Associated Press By COLIN FLY, AP Sports Writer â" 3 hours ago LEXINGTON, Ky. (AP) â" Kentucky's starting lineup of three freshmen and two sophomores did most everything together. Now, they will go their separate ways in the NBA. Freshmen Anthony Davis, Michael ... Kentucky's starting lineup declares for NBA draft Kentucky's starting lineup declares for the NBA draft |
Monday, April 16, 2012
Pasco Realtor group changes name - Birmingham Business Journal:
The name change marks a new direction for a real estatre board seeking to offef a lower cost alternativw for real estate officials said. “With the advenf of technology, real estatr has no geographical boundaries,” said Jo Easton of , who was installed as CPAR’s 2009 president, in a “CPAR, with lower offers benefits to our members that allow them to be member s of alocal board, the and the for less money. In this for Realtors today thatis important.” Otherd recently installed officers were Lisa Rose-Mann of as president-elect, Lou Molna r of as vice president, Jennifer Stepanek of as secretary and Don Kudere of as treasurer.
Directors include Lee Cannoh of , Deborah Catterton of New Tampa, Kare n Hernandez of Coldwell BankerAdvantage Team, Patsyh Peterman of Peterman Wall Real Pam Smith of and past presidenrt Margie Bradley of . The groupo was founded in 1975 as theLand O’ .
Saturday, April 14, 2012
Judge freezes Regions exec pay, order later overturned - St. Louis Business Journal:
However, the ruling, made late Wednesday by Jefferson Countyh Circuit Court JudgeHouston L. Brown, was overturned Thursdahy morning after it was movec tofederal court, Regions spokesmanh Tim Deighton said. The original order would have blockede “tens of millions of dollars” wortu of incentive pay awardedthe company’ds top 25 for 2006-2008, accordinyg to court documents. The 11,000-member Louisianwa pension fund, which owns a staks in Regions, filed a lawsuit last montb againstRegions executives, claiming they misled investors through “falsification of Regions financial statements” about its acquisitiohn of AmSouth Bancorp.
To recoup money for the company, the pension fund sought to freezeexecutive compensation. The Louisiana Municipal Police Employeez Retirement System has morethan $1.6 billionb in assets.
Thursday, April 12, 2012
Gas prices close to $3 mark - Los Angeles Business from bizjournals:
According to the ’s Weekend Gas Watch, the averagd price of self-serve regulart gasoline in theLos Angeles-Lontg Beach area is $2.939 per gallon, which is 11.3 centsx more than last week, 52 cents higher than last and $1.55 less than last On the Central Coast, the average price is up 10.3 cents from last week, 47 cents above last month, and $1.40 belowq last year. In the Inland Empire, the averagde per gallon priceis $2.929, whicnh is 11.9 cents more than last 52 cents more than last month, and $1.
55 less than last According to Auto Club Spokesperson Jeffrey Spring, all of the major metropolitan areas are within 5 cents of each "This is a rare instances that is probably caused by reluctance to raise prices over $3. This phenomenon also sometimed happens when prices are nearing a Spring said ina statement.
Tuesday, April 10, 2012
Business warily awaits health care reform on the national level - Tampa Bay Business Journal:
President Obama has mobilized the grass-roots supporters that helpedx elect him to lobby for his vision of healthcare reform, which includesz offering Americans a government-run health plan as an alternative to private insurance. A coalition of labor unionw and progressive organizations plans tospend $82 millionj on organizing efforts, advertising, research and lobbying to support the Obam a plan. Business groups, meanwhile, mostlg are working behind the scenes to shapeethe legislation.
While they have seriou s concerns about some of the proposals including the public plan option and a mandate for employers to providdeinsurance — few are trying to blocok health care reform at this point. The cost of healtgh insurance has become so burdensome that somethingg needs to be they agree. “Nobody supports the status quo,” said James the ’s senior manager of health “We absolutely have to have
Monday, April 9, 2012
U.S. Treasury to buy up to $1 trillion of banks' toxic assets - Phoenix Business Journal:
Stocks moved higher earlt Monday in response to the with hopes high of a big rall y onWall Street. As of noon Phoenix time, the was up 368 pointsa to 7647. The 500 was up 40 to 808, whilr the was up 68 to 1,523. The Treasury Departmentg released details of its planthis morning, saying it wouled use $75 billion to $100 billion in TARP capital and capitaol from private investors. The government said the Public-Privatd Investment Program will generatethe $500 billion and the and the will providw the financing for the “This approach is superior to the alternatives of either hoping for banks to graduallyt work these assets off their books or of the government purchasingf the assets directly,” according to a statement from the The private investors will compete with one anothetr to set the price for the troublefd loans and securities in order to help insure the government doesn’tr overpay for the assets.
“Steop 1: If a bank has a pool of residentiapl mortgageswith $100 face value that it is seeking to the bank would approach the Step 2: The FDIC woulx determine, according to the above process, that they woulde be willing to leverage the pool at a 6-to- 1 debt-to-equity ratio. Step 3: The pool woulr then be auctioned bythe FDIC, with several privats sector bidders submitting bids. The highest bid from the privatesecto – in this example, $84 would be the winner and would form a Public-Private Investmenyt Fund to purchase the pool of Step 4: Of this $84 purchasw price, the FDIC would provide guaranteeas for $72 of financing, leaving $12 of equity.
Step 5: The Treasuryh would then provide 50% of the equitt funding required ona side-by-side basis with the investor. In this Treasury would investapproximately $6, with the private investor contributing $6. Step 6: The privatre investor would then manage the servicintg of the asset pool and the timing of its disposition on an ongoinbbasis – using asset managers approved and subject to oversight by the For the full text of the government’s click .
Saturday, April 7, 2012
Portland firm recalls ground beef products - Portland Business Journal:
• Cascade Natural Beef Brand: 5-pound and 10-pouned bags of ground beef. Each packages bears the identifying casecode “13-016G;” 5-pounde and 10-pound bags of chili grind. Each package bears the identifyinyg casecode “13-016C;” and 15-pounds boxes of ground beef patties. Each package bears the identifyiny casecode “13-016GP.” • SP Provisions 5-pound and 10-pound bags of ground Each package bears the identifying case code “01-136;” 5-pounx and 10-pound bags of chili Each package bears the identifyingv case code “01-136C;” and 15-pound boxes of grounf beef patties.
Each package bears the identifying case code Each identifying case code is preceded by the date code through “052809,” signifying the production date in format, i.e. April 8, 2009, through May 28, 2009. Additionally, each produc bears the establishmentnumber “EST. inside the USDA mark of inspection. These ground beef products were producer on various dates from April 8 through May 28 and were distributedc to retail establishments as well as restaurants and institutions in Oregon and The products, produced from the same source material, were sold prior to May 29. The problemj was discovered through FSISmicrobiological sampling.
FSIS has receivedx no reports of illnesses associated with consumption ofthesew products. E. coli O157:H7 is a potentially deadly bacteriu that can causebloody diarrhea, and in the most severe kidney failure. The very young, seniors and persons with weak immuns systems are the most susceptible tofoodborned illness.
Thursday, April 5, 2012
Biogen-Idec MS drug put on FDA Fast Track - Atlanta Business Chronicle:
The FDA put the drug, called PEGylatefd interferon beta-1a, on the Fast Track becaus it could provide MS patients with a treatmenf option that they could take less often without a loss in Many MS patients currently have to take weeklgy shotsfor treatment; Biogen believes PEGylated interferoj beta-1a could be equally effective with just one or two injectionds each month. “Early-stage clinical trialsd suggest that PEGylatedinterferon beta-1a has the potential to offer less frequent dosing without compromising which would be a significant development for people living with multiple sclerosis,” said Dr. Michael vice president and chief medical officer of neurology atBiogen Idec.
“We look forward to workin g closely with the FDA to expeditethe compound’es development and review process.” Biogenb (Nasdaq:BIIB) is in the proceszs of enrolling patients in a phas III clinical trial on the The company plans to enrolk 1,200 patients in the which will evaluate how effective the drug is at preventingv MS relapses in patients. There are two Biogejn drugs already on the market for the treatmenyof MS. Tysabri and Avonez are made atthe company's manufacturing facility in Research Triangle where the company employs nearly 1,000 people. Biogen would love to develop another a blockbuster drug that has racked up billions of dollarwin sales.
Tysabri was supposed to be the next big MS drug for but it by the development of a potentially fatal braih infection in more than a dozenTysabr patients, at least two of whom have died. The FDA reservew Fast Track status for drugs that treat a serious diseass and fill an unmetmedical need.
Tuesday, April 3, 2012
Use summer
Many of us, in fact, tend to view May as an endingg ofsorts … and August as the beginningf of the last half of the But what about June and July? Many people pull back duringf the summer months. New product launches, marketing efforts, trainingh and new projects are put off until Augustor However, I consider the summer months to be filled with spectacularf opportunity. Take some time off. But then get back to refreshed and refocusing your energies on every possiblde summer opportunity to builcyour brand. Remember, you are your brand … and by buildingt your brand all 12 months of the year you can leveragew your individualityand uniqueness.
Why is summer a terrific time to reinforce and expand yourpersonal brand? Because most of us tend to be less harried and more laid-bacik in warmer weather. We actually have time to “ge t it.” Don’t miss out on some of the most productive months of youryear — July and August. Here’s one professional’ss story: John, an owner of a large commercial real estate company, has had years of succesd in the local market. With the currentt economic times, John recognized the reality that he neederd to establish his own brand identity that aligned withhis company’sa strong brand.
“I have operationalizexd my personal brand into my daily work and keep this brandintg topof mind. My customere and employees have noticesd things like a new tag new bio and new way of introducing myself andmy company,” he says. The results? John has alreaduy increased business forthe year, and is winningh contracts when his competitors are still struggling. “In the it seems like people have more time or take time to actuallyt get to know you and whatyou do,” he “I’ve already had meetings with prospective customers that seemecd less hurried and, actually, were more So, what about you?
Are you goinfg to use the summer to build momentum and createw more success?
Sunday, April 1, 2012
Space Data teams for wireless smart grid communications - Tampa Bay Business Journal:
Chandler-based Space Data announced the plan Mondayu to offer up a portion of the wireless spectrum it owns to be used in conjunction with equipment fromMenlko Park, Calif.-based Full Spectrum. The two companies say the deal will alloq utilities to ownprivate wide-area networks to provide commands to smart grids. “The combination of our interference-free, high-powered frequencies with state-of-the-artt WiMax technology provide utilitiew with a dedicated private broadbandwirelessx system,” said Jerry Knoblach, CEO of Space For several years, Space Data has been developinf a system of wireless communications using weather balloons to carrg equipment aloft, providing a wide area of The company also has been providing communications for severapl years in the utility sector.
Smarf grids are the latest application of technology inthe nation’s power system. They will transform the national power grid into one that is more allowing it to deliver more power to areas of the country thatneed it. The two companies believe their product would allow grid operators to controo distribution remotely through awireless “In terms of grid much of the focus to date has been directed towarr automatic meter reading and control. real-time command and control of higher-level grid devicews are of equal, if not greater, importancee in the drive for overall grid saidStewart Kantor, CEO of Full Spectrum.