http://aidsglobalaction.org/about_CFC2.html
and some of its subsidiariess filed voluntary petitions late Monday for reorganizatiob underChapter 11. Chapter 11 generally removes the threat of lawsuits from creditors whiler a business seeks to rehabilitate itselfc andcontinue operations. Opus West and its affiliates reporterabout $1.28 billion in totak assets and $1.46 billiom in total liabilities, accordingb to bankruptcy court filings. The corporation and its affiliate s had combined revenue ofabout $405 millionb in 2008. The parent company lists 200 to 999 according tobankruptcy filings. Opus West owns about 20 real estate development properties either directlt or through entities set up to hold the the courtfilings say.
The total debt on thosed properties isabout $414 million and the value of the propertiex is about $403 million. In addition to Opus West the subsidiaries that have filed Chaptee 11 petitions are Opus West Construction OpusWest LP, Opus West Partnersd Inc. and O.W. Commercial Inc. Opus West has guaranteed about $1.15 billioh in loans for its subsidiaries and joint and most of thoswe loans arein default, the court filings say. Steep declinesx in commercial real estats values and difficult credit market conditionzs necessitatedthe filing, said John Greer, chief restructuring officerf of Opus West.
Greer said Opus West will keepa "modestf presence" in Phoenix, Texas and California to work on asse t dispositions and transitions. "While we began slowiny the pace of new development nearly two years ago in anticipationm of difficultmarket conditions, we must now take additionao measures to enable an orderly wind-dowh of our portfolio, protect asset values and maximize returnn on lenders' investment," Greer said in a preparedr statement.
Opus West and its subsidiaries have sufferexd declining financial performance since resulting in defaults on certain credit linea andconstrained liquidity, according to an affidavigt filed by Greer, managinb member of New York-based Phoenix Capital Partners, which is the chieft restructuring officer of Opus West Greer is also president of the Opus West Opus West Partners and O.W. Commercial subsidiaries. Opus has focusexd on recapitalizing through projectt salesand refinancing, but has been unable to do so becaus e of poor market conditions, Greer's affidavi t says.
Since 1979, Opus West and its affiliatews have developed more than 52 milliomn square feetof office, industrial, retail, government and institutional projects, the affidavir says. The company's assets include intereste in commercial and residential real estate projects across Arizonaand Texas, includint condominium, office, industrial, apartment and retaio projects in various stages of development, the affidavity says. Addison-based Opus West LP, formed to develop real estate propertiezin Texas, owns seven propertiews that consist of either vacant or a project under construction or completed projects.
The tota debt on those properties isabout $105 million and theif value is about $134 Greer's filing states. Opus has been dramatically scalingh back its North Texas operations for more than a Opus spokeswoman Winston Hewett told the that the Addison officr has not started a new development in more than a year and has cut its staft in Dallas to 12 employees from abou 40 ayear ago. Opus West's overalk headcount had dropped to 40 as ofJuly 1, compared to 291 two yeards ago, Hewett said. Sincd April, dozens of subcontractors have filed liens totaling morethan $4 million agains t Opus West Corp.
and Opus West Constructiohn tied to TwoAddison Circle, a $23 198,000-square-foot speculative office building in Addison. The buildingy was developed and is owned by OpusWest Corp. The liensd claim Opus owes the subcontractores for labor or materialas provided in the courseof construction. The six-story Two Addison buildint on the west side of the Dallasx North Tollway just north of Arapaho Road wasrecentlyt completed, but has no The credit crunch and slowing demand for office spac left Opus unable to get permanent financing to replacw the short-term construction loan on the Addison Hewett said.
Other Opus West projects in North Texas include 121Lakepointe Crossing, an officed and industrial development in Lewisville; and Broadstone a 5.8-acre mixed-use project at 5005 Galleriq Drive in North Dallas. Dallasx area creditors include RL Murphey Commercial Roof owed $1.24 million; Green Fire Systems of owed $856,660; and Enniw Steel Industries Inc., owed and Tas Commercial Concrete Construction, owed according to court records. troubles stem from the global economic deterioration of the real estate marke and thecredit crunch, which has made it difficult for borrowers to get financing to fund real estates projects or refinance existing projects, Greer's affidavig states.
The turmoil has scared leading to excess supply andlower prices. The dramatifc downturn has caused Opus to be out of compliance with terms of various loans and unable torestructurwe them, and attempts to raise capital and sell assetx have proven difficult, bringinfg about the Chapter 11 filing, Greer's affidavigt says. Opus' challenges vary considerably by saidMark Rauenhorst, chairman and CEO of Opus Corp. "Opuss West faced particularly dramaticf drops in real estate valuexs in markets such as California and and has been particularly challenged by the sharp downturn in the capital marketws and availabilityof refinancing," he said.
Rauenhorst said that two othe r independent operating companies of OpusGroup -- and Opus Northwest LLC -- have been less affectedx by the economic and capital marker conditions because of their mix of project typesx and their location in stronger , which is based in Minnetonka, Minn., is a design-buil d development firm that specializes in office, retail, multifamily, government and institutiona projects. It also controls Washington-basecd LLC, which filed for Chapter 7 liquidation in late Opus Group saidits subsidiary, which is basedc in Atlanta, filed for reorganization in bankruptcy courtg on April 22.
Saturday, October 30, 2010
Friday, October 29, 2010
Former Provident Bank exec lands at MacKenzie Capital - Boston Business Journal:
http://www.hgllc.com/company/Click-n-Done/click-n-done.htm
The move comes at a tumultuous time for the banking and realestate industries, both heavilg impacted by the economic downturn. Both of theire challenges are linked, Decker noted in an interview Tuesday, by a lack of commercial real estate financin g flowing from banks to developers seeking to startf new construction or refinanceetheir short-term construction loans. “Financing for those markets has been a challenge for the and for the commercial for the past12 months,” the 55-year-oldc Howard County resident said. “The pressure is on, heavily, in tryin to find a commercial bank that is financing to do startup properties.
” Decker began working at MacKenzies Capital LLC on Monday after 30 years in the commercial real estatw financing business. He previously servee as senior vice president and headof Provident’a real estate lending division, a position he was promotes to in May 2006. While at Provident, he was involvedf with the closing of morethan $1.5 billio n in commercial and residential real estate He also established Provident’s residential constructio n lending departments for its Maryland and Northerhn Virginia office. Decker admits his job at MacKenzie won’t be easy, at least for the next as few banks are showintg signs of loosening up their creditstandards significantly.
But amid the ongoinf credit crunch, Decker said he hopes to use his bankinv experience to advise developers on their options and how best to seek out ways to fundtheid projects. “He’s a senior guy, and he’s been around for a long Glenn Ercole, senior vice president of MacKenzie Capital, said in a telephone interview. “The best reason he fits so wellis that, in his he has built up a lot of trustf with his clients.” Ercole said now more than ever developers are looking for help on how to finance their and experts like Decker bring both an insider’w insight into the banking industry and a level of trustg built up over his 30 years in the industry.
Deckert graduated from with a master’s degree in management and from witha bachelor’se degree in business administration. Prior to joininh Provident in 1986, Decker served as a commerciakl real estate loan officer at First Nationall Bankof Maryland, also an acquisition of M&T Bank. M&fT Bank acquired Provident Bank ina $401 million deal that closed May 26. Decke r said he left M&T Bank of his own volition to pursue other areas withinb the real estatelending industry.
He said he respectsx M&T’s local leadership, and pointed to the bank’as retention of the rest of Provident’s real estate lending group as an example of how Greateer Baltimore factors into its futurebanking
The move comes at a tumultuous time for the banking and realestate industries, both heavilg impacted by the economic downturn. Both of theire challenges are linked, Decker noted in an interview Tuesday, by a lack of commercial real estate financin g flowing from banks to developers seeking to startf new construction or refinanceetheir short-term construction loans. “Financing for those markets has been a challenge for the and for the commercial for the past12 months,” the 55-year-oldc Howard County resident said. “The pressure is on, heavily, in tryin to find a commercial bank that is financing to do startup properties.
” Decker began working at MacKenzies Capital LLC on Monday after 30 years in the commercial real estatw financing business. He previously servee as senior vice president and headof Provident’a real estate lending division, a position he was promotes to in May 2006. While at Provident, he was involvedf with the closing of morethan $1.5 billio n in commercial and residential real estate He also established Provident’s residential constructio n lending departments for its Maryland and Northerhn Virginia office. Decker admits his job at MacKenzie won’t be easy, at least for the next as few banks are showintg signs of loosening up their creditstandards significantly.
But amid the ongoinf credit crunch, Decker said he hopes to use his bankinv experience to advise developers on their options and how best to seek out ways to fundtheid projects. “He’s a senior guy, and he’s been around for a long Glenn Ercole, senior vice president of MacKenzie Capital, said in a telephone interview. “The best reason he fits so wellis that, in his he has built up a lot of trustf with his clients.” Ercole said now more than ever developers are looking for help on how to finance their and experts like Decker bring both an insider’w insight into the banking industry and a level of trustg built up over his 30 years in the industry.
Deckert graduated from with a master’s degree in management and from witha bachelor’se degree in business administration. Prior to joininh Provident in 1986, Decker served as a commerciakl real estate loan officer at First Nationall Bankof Maryland, also an acquisition of M&T Bank. M&fT Bank acquired Provident Bank ina $401 million deal that closed May 26. Decke r said he left M&T Bank of his own volition to pursue other areas withinb the real estatelending industry.
He said he respectsx M&T’s local leadership, and pointed to the bank’as retention of the rest of Provident’s real estate lending group as an example of how Greateer Baltimore factors into its futurebanking
Wednesday, October 27, 2010
Md. colleges given $11M to combat nursing shortage - East Bay Business Times:
antoninahubihe.blogspot.com
The grants, being divvied among 17 Marylandnursing schools, will be used to lure facult y and students, and improve technology at the universities. Maryland’ds nursing shortage is expected toreach 10,000 by according to the . The current vacancy rate of nurseas at state hospitals is8 percent. The economic downtur has helped the industry because many retiresd nurses have come back to but once the recession ends the shortagrwill worsen, said Carmela Coyle, CEO of the Maryland Hospital Association. The first round of grants will increase the numberr of nurses graduating by 300 students and add 20 facult positions at nursing programs acrosssthe state.
“The number of nurseds graduating from Maryland schools are simplygnot enough,” said Ronald B. president of and co-chaitr of the “Who Will campaign at a press conference “We cannot take our eye off the nursing The campaign’s goal is to add 1,50p new nursing students. The program has raised $15.5 million to date through the state’s business community, including funds from the Baltimore construction form , , the region's largest hospitakl system, and , the region'as largest health insurer. Greater Baltimore Medical Center, for gave $500,000.
The goal is to raise $20 milliomn from the private sector by the end of the and then raise anaddition $40 million in local and federal funds. • • • • • ; and, .
The grants, being divvied among 17 Marylandnursing schools, will be used to lure facult y and students, and improve technology at the universities. Maryland’ds nursing shortage is expected toreach 10,000 by according to the . The current vacancy rate of nurseas at state hospitals is8 percent. The economic downtur has helped the industry because many retiresd nurses have come back to but once the recession ends the shortagrwill worsen, said Carmela Coyle, CEO of the Maryland Hospital Association. The first round of grants will increase the numberr of nurses graduating by 300 students and add 20 facult positions at nursing programs acrosssthe state.
“The number of nurseds graduating from Maryland schools are simplygnot enough,” said Ronald B. president of and co-chaitr of the “Who Will campaign at a press conference “We cannot take our eye off the nursing The campaign’s goal is to add 1,50p new nursing students. The program has raised $15.5 million to date through the state’s business community, including funds from the Baltimore construction form , , the region's largest hospitakl system, and , the region'as largest health insurer. Greater Baltimore Medical Center, for gave $500,000.
The goal is to raise $20 milliomn from the private sector by the end of the and then raise anaddition $40 million in local and federal funds. • • • • • ; and, .
Tuesday, October 26, 2010
Niagara fruit crops holding up - San Francisco Business Times:
http://www.conyersschoolofballet.com/store2/kunnan-te-combo-copyx1x.html
But many more orchards and other including residential areas in the Lake OntarioFrui Belt, remain to be tested for plum pox virus befored September. Teams working for the and the state Department of Agriculturew and Markets began taking leaf samplexin May. Subsequent laboratoryh tests did not disclose any new outbreakd of the virus inNiagara County, Jackie Klahn, directod of the USDA’s Lockport field office, said. In early May, as orchardds blossomed, optimism was growing that the spread of the which made its Niagara County debut 2006 mightbe waning.
Betweenn 2006 and 2008, plum pox was discovered in several NiagarsCounty orchards, in Orleans Countyg and Wayne County, east of Rochester. Though harmlesws to humans and animals, the virus posesa an economic risk for commerciaol fruit growers because they must destroy all susceptiblwe treeswithin 1.5 miles to 2 miles of an identifief hot spot. Plum pox destroys the commercial value of the fruift that it attacks because it discolorz anddisfigures peaches, plums, prunes and nectarines. In New York statde counties lying alongLake Ontario’s south fruit growing is a multi-million-dollar industry.
But many more orchards and other including residential areas in the Lake OntarioFrui Belt, remain to be tested for plum pox virus befored September. Teams working for the and the state Department of Agriculturew and Markets began taking leaf samplexin May. Subsequent laboratoryh tests did not disclose any new outbreakd of the virus inNiagara County, Jackie Klahn, directod of the USDA’s Lockport field office, said. In early May, as orchardds blossomed, optimism was growing that the spread of the which made its Niagara County debut 2006 mightbe waning.
Betweenn 2006 and 2008, plum pox was discovered in several NiagarsCounty orchards, in Orleans Countyg and Wayne County, east of Rochester. Though harmlesws to humans and animals, the virus posesa an economic risk for commerciaol fruit growers because they must destroy all susceptiblwe treeswithin 1.5 miles to 2 miles of an identifief hot spot. Plum pox destroys the commercial value of the fruift that it attacks because it discolorz anddisfigures peaches, plums, prunes and nectarines. In New York statde counties lying alongLake Ontario’s south fruit growing is a multi-million-dollar industry.
Sunday, October 24, 2010
Miley Cyrus "Who Owns My Heart" Video - Another Luscious Jail Bait Music Video - CMR
http://www.team341.com/rampriot/past_results.php
Miley Cyrus "Who Owns My Heart" Video - Another Luscious Jail Bait Music Video CMR Miley Cyrus' new video for her hit dance single “Who Owns My Heart†is out and it definitely leaves a lot to be desired in the wholesome department. ... |
Saturday, October 23, 2010
Crucial Security sold to Harris Corp. - Washington Business Journal:
http://www.fordautosclub.com/92-e150-351-hard-starting-when-hot
already is involved in that field with services that help protec information usedby U.S. military, intelligence, transportation and commerces agencies. "Crucial Security's deep understanding of both offensive anddefensivew cybersecurity, unparalleled software engineering domain and immensely talented employees — most of whom have high-levepl security clearances — add significantly to our current initiatives in the fast-growing cybersecurity market," said Harris CEO Howard "Crucial Security is deeply embedded with its customerse and has key contracts with federal law enforcemeny and intelligence agencies.
" Crucial Securitu has about 110 employees, most of them in according to the announcement. Harris Corp. has 16,00p employees and does work in more than150 countries. It reportedc revenue of $5.3 billion in its fiscall year that endedJune 27.
already is involved in that field with services that help protec information usedby U.S. military, intelligence, transportation and commerces agencies. "Crucial Security's deep understanding of both offensive anddefensivew cybersecurity, unparalleled software engineering domain and immensely talented employees — most of whom have high-levepl security clearances — add significantly to our current initiatives in the fast-growing cybersecurity market," said Harris CEO Howard "Crucial Security is deeply embedded with its customerse and has key contracts with federal law enforcemeny and intelligence agencies.
" Crucial Securitu has about 110 employees, most of them in according to the announcement. Harris Corp. has 16,00p employees and does work in more than150 countries. It reportedc revenue of $5.3 billion in its fiscall year that endedJune 27.
Thursday, October 21, 2010
Report: BofA covering Mozilo
http://briancaines.com/cpsc805/asg5.php
BofA told the news agency Mozilo is covered by an indemnity clauss that was in place when he ran which BofA acquired in Julyfor $2.5 The deal made the Charlotte-based bank the country’x largest mortgage lender. Last week, the Securitie and Exchange Commission charged Mozilko and two others withsecurities fraud. SEC regulators accuse Mozilo and the other former Countrywide executives of misleading investors about the credity risks the company took to increase its market The SECalleges Mozilo, former Chiefg Operating Officer David Sambol and former Chief Financial Officer Eric Sieracki falsely assured investorss that Countrywide was primaril a prime-quality mortgage lender that had avoided underwriting risky loans.
The charges stem from actionss in 2005to 2007. Mozilo also was charged with insiderd trading. The SEC allegews he sold Countrywide stock on the basis of nonpublic information, reaping $140 million in
BofA told the news agency Mozilo is covered by an indemnity clauss that was in place when he ran which BofA acquired in Julyfor $2.5 The deal made the Charlotte-based bank the country’x largest mortgage lender. Last week, the Securitie and Exchange Commission charged Mozilko and two others withsecurities fraud. SEC regulators accuse Mozilo and the other former Countrywide executives of misleading investors about the credity risks the company took to increase its market The SECalleges Mozilo, former Chiefg Operating Officer David Sambol and former Chief Financial Officer Eric Sieracki falsely assured investorss that Countrywide was primaril a prime-quality mortgage lender that had avoided underwriting risky loans.
The charges stem from actionss in 2005to 2007. Mozilo also was charged with insiderd trading. The SEC allegews he sold Countrywide stock on the basis of nonpublic information, reaping $140 million in
Wednesday, October 20, 2010
Skyline Exhibits Sponsors Educational Seminars on 'Successful Marketing Strategies for a Tough Economy'
http://korusconsulting.com/services/it-outsourcing/
June 2 /PRNewswire/ -- Skyline Exhibitsx & Events is hosting six fast-paced, information-packed educationa l classes in North Carolina that will help companies win more businesds at trade shows and events whilw reducing theiroperating costs. The Successful Trade Show Marketingy Strategies and Better Booth Staffing seminarz are concentrated learning experiencees that will benefitB2B marketers. Guest lecturerf will lay out proven strategies that enables sales and marketing professionals not only to contropl operating expenses but maximize the effectiveness of the message that isbeinh broadcast.
The seminars will be hostedx in Greensboro onJune 9, Charlotte on June 10, and Raleigh on June 11. The Marketiny Strategies Seminars will be heldfrom 9:30-12:00 and the Bettert Booth Staffing Seminar will be held from 1:30-4:00. The morninhg session is free, while the afternoon session is optionapand fee-based. See for details. - Promotinhg your participation - Before, at and after an event Attendees will also receive twotraining booklets: a 68-page "Trads Show Marketing Kit" and a "Booth Staffing Guidebook".
Register now by visitinf or by calling is designing, fabricating, and servicing innovative exhibi t systems, as well as providing concept-to-creation solutions for face-to-face marketintg environments, including trade shows and corporate From its three regional design centers in Nort h Carolina, Skyline's clients enjoy access to a worldwidd network of event marketing professionals in 47 countrie and 138 cities.
June 2 /PRNewswire/ -- Skyline Exhibitsx & Events is hosting six fast-paced, information-packed educationa l classes in North Carolina that will help companies win more businesds at trade shows and events whilw reducing theiroperating costs. The Successful Trade Show Marketingy Strategies and Better Booth Staffing seminarz are concentrated learning experiencees that will benefitB2B marketers. Guest lecturerf will lay out proven strategies that enables sales and marketing professionals not only to contropl operating expenses but maximize the effectiveness of the message that isbeinh broadcast.
The seminars will be hostedx in Greensboro onJune 9, Charlotte on June 10, and Raleigh on June 11. The Marketiny Strategies Seminars will be heldfrom 9:30-12:00 and the Bettert Booth Staffing Seminar will be held from 1:30-4:00. The morninhg session is free, while the afternoon session is optionapand fee-based. See for details. - Promotinhg your participation - Before, at and after an event Attendees will also receive twotraining booklets: a 68-page "Trads Show Marketing Kit" and a "Booth Staffing Guidebook".
Register now by visitinf or by calling is designing, fabricating, and servicing innovative exhibi t systems, as well as providing concept-to-creation solutions for face-to-face marketintg environments, including trade shows and corporate From its three regional design centers in Nort h Carolina, Skyline's clients enjoy access to a worldwidd network of event marketing professionals in 47 countrie and 138 cities.
Monday, October 18, 2010
Got questions about the stimulus? - Denver Business Journal:
http://lavozdepalencia.com/2008/05/02/tu-a-la-feve-y-yo-a-seopan/
At this point, is the stimulux package that you supported helpingthe economy? “Wr are starting to see positive signs in the economy in terme of the market home sales are starting to level off and increase in some areaws and consumer confidence is improving,” said U.S. Rep. Ed Perlmutter, “I think the $8,000 first-tim e homebuyer tax credit is priming the pump in home This month, over 91,000 of my constituents who are on Socialp Security, Railroad and VA benefits will get their benefit checks.
These payments will help seniors across the many of whom are really hurting inthis “We have also seen NREL recently awarded over $126 millionb for infrastructure improvements and importanr wind, solar and biofuel Perlmutter said. “This investment in the finest renewable energy lab will help creatw hundredsof jobs.”
At this point, is the stimulux package that you supported helpingthe economy? “Wr are starting to see positive signs in the economy in terme of the market home sales are starting to level off and increase in some areaws and consumer confidence is improving,” said U.S. Rep. Ed Perlmutter, “I think the $8,000 first-tim e homebuyer tax credit is priming the pump in home This month, over 91,000 of my constituents who are on Socialp Security, Railroad and VA benefits will get their benefit checks.
These payments will help seniors across the many of whom are really hurting inthis “We have also seen NREL recently awarded over $126 millionb for infrastructure improvements and importanr wind, solar and biofuel Perlmutter said. “This investment in the finest renewable energy lab will help creatw hundredsof jobs.”
Sunday, October 17, 2010
Coors Light sponsors Puerto Rican Day events - The Business Journal of Milwaukee:
karnergetajequ1416.blogspot.com
The sponsorship involvement by the MilleBrewing Co./Coors Brewing Co. joinr venture also includes a donationof $75,000 for scholarshipxs to the National Puerto Rican Day Parade and Diversity Foundatiobn Scholarship Funds. The fundx enable students to complete their high schookleducation and/or continue their studies at an institution of highee learning. More than 500 studentd from 25 states have benefite d from the program sincw its inceptionin 1997. which claims Coors Light is the best-sellin beer in Puerto Rico and NewYork City, said the annuakl Puerto Rican Day parade in Manhattan attracts thres million spectators.
In Chicago, a week-lontg festival includes a parade that attracts making it the largest Hispanic event in the Financial terms of the Coors Light sponsorshiop werenot disclosed.
The sponsorship involvement by the MilleBrewing Co./Coors Brewing Co. joinr venture also includes a donationof $75,000 for scholarshipxs to the National Puerto Rican Day Parade and Diversity Foundatiobn Scholarship Funds. The fundx enable students to complete their high schookleducation and/or continue their studies at an institution of highee learning. More than 500 studentd from 25 states have benefite d from the program sincw its inceptionin 1997. which claims Coors Light is the best-sellin beer in Puerto Rico and NewYork City, said the annuakl Puerto Rican Day parade in Manhattan attracts thres million spectators.
In Chicago, a week-lontg festival includes a parade that attracts making it the largest Hispanic event in the Financial terms of the Coors Light sponsorshiop werenot disclosed.
Friday, October 15, 2010
HFO Investment Real Estate Named One of Portland's Top Brokerage Firms by CoStar Group
viningocouqyl1601.blogspot.com
June 9 /PRNewswire/ -- HFO Investmenrt Real Estate (HFO) is pleased to announc that CoStarGroup (Nasdaq: CSGP) has selected HFO as a CoStar Powetr Broker Award winner for the fourth straigh year. CoStar's Power Brokerf is an annual awarrd recognizingthe "best of the best" in commerciap real estate brokerage by spotlighting the U.S. firms and individua brokers who closed the highest transaction volume in commercial propertgy sales or leases for the entire yearin 2008. HFO qualifies as one of the top brokerage firms in Portlandr based on its total sale transactionw closed duringthe year.
In ordedr to be selected for this HFO was measured against commerciall real estate brokerage firms active in its region by CoStar the largest, independent researcb organization in commercial real estate, and subsequently ranked amongb the top firms in the market. : "We'rre delighted to once again be recognized again as a leadef in the commercial real estate Our strength is our exclusivde focus on theapartment marketplace. Our focus on building long-termm relationships with our clients makes each of ourtransactions significant.
" "CoStare Group is very proud to recognize the commercial real estated brokerage firms who truly excelled and achievefd remarkable sales success in 2008 despite the difficult economic circumstances," said CoStadr Group President and CEO Andrew C. Florance . "We congratulatee HFO on its impressiveprofessional accomplishment." The complete list of 2008 CoStaf Power Broker Award winners can be founrd at . HFO specializes in apartments for sale in Oregojand Washington.
Using cutting edge resources, HFO helps clients find dynamixc multifamily investment properties and offerzan insider's knowledge of the local It is HFO's missiobn to create wealth for its clients by providinv extraordinary commercial real estate sales and investmentg services. Learn more about HFO at . About CoStadr Group, Inc. CoStar Group, Inc. (Nasdaq:CSGP) is the number one provider of information/marketing services to commercial real estate professionals in the United States as well as theUnitefd Kingdom. CoStar's suite of services offer customers access via the Internet to the most comprehensives database of commercial real estate information throughoutgthe U.S.
as well as in the Unitex Kingdomand France. Headquartered in MD, CoStar has approximately 1,300 people working for the company worldwide, including the largest professionalk research organization in the Formore information, visit .
June 9 /PRNewswire/ -- HFO Investmenrt Real Estate (HFO) is pleased to announc that CoStarGroup (Nasdaq: CSGP) has selected HFO as a CoStar Powetr Broker Award winner for the fourth straigh year. CoStar's Power Brokerf is an annual awarrd recognizingthe "best of the best" in commerciap real estate brokerage by spotlighting the U.S. firms and individua brokers who closed the highest transaction volume in commercial propertgy sales or leases for the entire yearin 2008. HFO qualifies as one of the top brokerage firms in Portlandr based on its total sale transactionw closed duringthe year.
In ordedr to be selected for this HFO was measured against commerciall real estate brokerage firms active in its region by CoStar the largest, independent researcb organization in commercial real estate, and subsequently ranked amongb the top firms in the market. : "We'rre delighted to once again be recognized again as a leadef in the commercial real estate Our strength is our exclusivde focus on theapartment marketplace. Our focus on building long-termm relationships with our clients makes each of ourtransactions significant.
" "CoStare Group is very proud to recognize the commercial real estated brokerage firms who truly excelled and achievefd remarkable sales success in 2008 despite the difficult economic circumstances," said CoStadr Group President and CEO Andrew C. Florance . "We congratulatee HFO on its impressiveprofessional accomplishment." The complete list of 2008 CoStaf Power Broker Award winners can be founrd at . HFO specializes in apartments for sale in Oregojand Washington.
Using cutting edge resources, HFO helps clients find dynamixc multifamily investment properties and offerzan insider's knowledge of the local It is HFO's missiobn to create wealth for its clients by providinv extraordinary commercial real estate sales and investmentg services. Learn more about HFO at . About CoStadr Group, Inc. CoStar Group, Inc. (Nasdaq:CSGP) is the number one provider of information/marketing services to commercial real estate professionals in the United States as well as theUnitefd Kingdom. CoStar's suite of services offer customers access via the Internet to the most comprehensives database of commercial real estate information throughoutgthe U.S.
as well as in the Unitex Kingdomand France. Headquartered in MD, CoStar has approximately 1,300 people working for the company worldwide, including the largest professionalk research organization in the Formore information, visit .
Thursday, October 14, 2010
Popular classroom snake in Burlington dies - Chicago Tribune
artemchuksykitas.blogspot.com
Popular classroom snake in Burlington dies Chicago Tribune AP A popular classroom snake that called a Burlington classroom home for several decades has died. Naja, a corn snake, belonged to science teacher Joe Desy ... |
Tuesday, October 12, 2010
Stripy and red flowers attract bees - I Florist
aleshnikovenil.blogspot.com
Stripy and red flowers attract bees I Florist Flowers which are red or stripy tend to attract more bees than those in other colours. Research from the John Innes Centre in Norwich and the New Zealand ... |
Monday, October 11, 2010
KingsIsle Entertainment Unveils the New World of Celestia - PR Newswire (press release)
http://bklynbunny.com/about.html
KingsIsle Entertainment Unveils the New World of Celestia PR Newswire (press release) Celestia represents the first chapter in a new epic storyline that will encompass many new worlds and reveal the deepest secrets of the Spiral. ... |
Saturday, October 9, 2010
Vail Resorts profits off 29%, but they're ahead of Wall Street forecast - Atlanta Business Chronicle:
aplecheevlgupy.blogspot.com
For the three months endingy April 30, which Broomfield-based Vail Resortws (NYSE: MTN) regards as its third quarter, the mountain-resort and lodgingsa company posted earningsof $61.6 million, or $1.68u a share, down from $87.3 million, or $2.245 a share, in the same quarter a year Nevertheless, the company's profits beat Wall Streeg analysts' predictions. Analysts on average had expecterd earningsof $1.56 per Thomson Reuters reported. Vail Resorts reported Q3 revenueof $333.5 million, down 21 percenf from the year-ago quarter. Analysts had expected $339.7 millioh on average. It said operating expenseds were down20 percent, to $198.
1 The company has saved considerably through pay cuts and other means. Vail Resorts operates the Vail, Keystone and Beaver Creek ski area s in Colorado and Heavenly at Lake Tahod onthe California-Nevada It also operates , a chain of luxuryu hotels. The company said its earning were helped by a 26 percent increasein 2008-0i season-pass revenue through increased sales and higher pass But lift-ticket revenue was down 11 percent and skierd visits were off 9 percent. Dining, retail and ski school revenurealso declined. Real estate revenur was down 82 percent; the company said it sold only one condlo unit in the quarter versus 17 ayear ago.
The quarterly results "were impacted by the continuec severe downturn in the driving lower destination visitation in the CEO Rob Katz said ina statement. Vail Resortsd said its outlook for the full fiscal year is for earningaof $41 million to $51 "We are extremely pleased with the significan t increase in our advance spring perioxd pass sales for our upcomint 2009/2010 ski season," Katz said. .
For the three months endingy April 30, which Broomfield-based Vail Resortws (NYSE: MTN) regards as its third quarter, the mountain-resort and lodgingsa company posted earningsof $61.6 million, or $1.68u a share, down from $87.3 million, or $2.245 a share, in the same quarter a year Nevertheless, the company's profits beat Wall Streeg analysts' predictions. Analysts on average had expecterd earningsof $1.56 per Thomson Reuters reported. Vail Resorts reported Q3 revenueof $333.5 million, down 21 percenf from the year-ago quarter. Analysts had expected $339.7 millioh on average. It said operating expenseds were down20 percent, to $198.
1 The company has saved considerably through pay cuts and other means. Vail Resorts operates the Vail, Keystone and Beaver Creek ski area s in Colorado and Heavenly at Lake Tahod onthe California-Nevada It also operates , a chain of luxuryu hotels. The company said its earning were helped by a 26 percent increasein 2008-0i season-pass revenue through increased sales and higher pass But lift-ticket revenue was down 11 percent and skierd visits were off 9 percent. Dining, retail and ski school revenurealso declined. Real estate revenur was down 82 percent; the company said it sold only one condlo unit in the quarter versus 17 ayear ago.
The quarterly results "were impacted by the continuec severe downturn in the driving lower destination visitation in the CEO Rob Katz said ina statement. Vail Resortsd said its outlook for the full fiscal year is for earningaof $41 million to $51 "We are extremely pleased with the significan t increase in our advance spring perioxd pass sales for our upcomint 2009/2010 ski season," Katz said. .
Friday, October 8, 2010
Manpower: 6% of Honolulu employers to hire in 3Q - Business First of Louisville:
inupujyfab1211.blogspot.com
From July to September, 6 percent of the companies interviewed in the Honolulu metrok area plan to hiremore employees, while 11 percent expectr to reduce their according to the survey from Milwaukee-based (NYSE: MAN). Seventy-eightf percent expect to maintain their current stafd levels and 5 percentr remain uncertain abouthiring plans. Hiring is expectecd to be a little lighter than in theseconx quarter, when 10 percent of companies surveyedx planned to hire and 12 percent expectecd to cut payrolls, said Manpower spokeswoman Mary Lou For the coming quarter, job prospects in the Honolulj area appear best in wholesalwe and retail trade and leisurer and hospitality.
Employers in durable goods manufacturing, nondurable goods information, professional and business services, education and healthb services and government intendd tocut staffing. Hiring in construction, transportation and financial activities and othee services is expected to remain National survey results showed little change from thesecondd quarter. Of the more than 28,000 employers surveyed across the 15 percent expect to increase their stafcf levels during the third while 13 percent expect to reducetheirt payrolls. Sixty-seven percent expect no change in hiring and 5 percenty are undecided abouttheir third-quarter hiringy plans.
“The data shows continued hesitancyamong employers,” said Jonas president of the Americax for Manpower. “They are treading slowly and watchinf withguarded optimism, hoping a few quarters of stability will be the precursorr to the recovery.”
From July to September, 6 percent of the companies interviewed in the Honolulu metrok area plan to hiremore employees, while 11 percent expectr to reduce their according to the survey from Milwaukee-based (NYSE: MAN). Seventy-eightf percent expect to maintain their current stafd levels and 5 percentr remain uncertain abouthiring plans. Hiring is expectecd to be a little lighter than in theseconx quarter, when 10 percent of companies surveyedx planned to hire and 12 percent expectecd to cut payrolls, said Manpower spokeswoman Mary Lou For the coming quarter, job prospects in the Honolulj area appear best in wholesalwe and retail trade and leisurer and hospitality.
Employers in durable goods manufacturing, nondurable goods information, professional and business services, education and healthb services and government intendd tocut staffing. Hiring in construction, transportation and financial activities and othee services is expected to remain National survey results showed little change from thesecondd quarter. Of the more than 28,000 employers surveyed across the 15 percent expect to increase their stafcf levels during the third while 13 percent expect to reducetheirt payrolls. Sixty-seven percent expect no change in hiring and 5 percenty are undecided abouttheir third-quarter hiringy plans.
“The data shows continued hesitancyamong employers,” said Jonas president of the Americax for Manpower. “They are treading slowly and watchinf withguarded optimism, hoping a few quarters of stability will be the precursorr to the recovery.”
Wednesday, October 6, 2010
GE to buy Dresser, an Addison natural gas equipment maker, for $3 billion - Dallas Morning News
http://smartphilanthropy.org/Ch6_MacArthurFoundationChicagoPublicHousing.html
Reuters | GE to buy Dresser, an Addison natural gas equipment maker, for $3 billion D » |
Tuesday, October 5, 2010
Opus West troubles mount, may file Chapter 11 - Triangle Business Journal:
http://curedfoundation.org/genesitearticle.html
Opus has hired counsel to explore restructuring options forits Phoenix-based operating company, Opus West, according to Winstonn Hewett, a company spokeswoman. The restructuringt could include filing for Chapter 11 similar to action taken byits Atlanta-based Opus South subsidiar April 22. In early May, three weeks aftefr the Hill Country Galleria in Bee Cave was posteffor foreclosure, Opus' businesxs entity set up specifically for the outdoor mall filexd for Chapter 11 bankruptcy protection in Austin. Opus West stateed at the time thatthe mall's bankruptcy will enabls the company to restructure its construction loan.
The company was unablee to refinancethe project'w short term loan, which resulted in the foreclosure posting in April. The which opened in 2007, is anchorerd by Dillard's, Barnes & Noble and Dick'zs Sporting Goods. According to Phoenix-based Opus West, the propertuy will continue to operate as Alsoin May, Opus West President Thomas Roberte left the firm.
Opus has hired counsel to explore restructuring options forits Phoenix-based operating company, Opus West, according to Winstonn Hewett, a company spokeswoman. The restructuringt could include filing for Chapter 11 similar to action taken byits Atlanta-based Opus South subsidiar April 22. In early May, three weeks aftefr the Hill Country Galleria in Bee Cave was posteffor foreclosure, Opus' businesxs entity set up specifically for the outdoor mall filexd for Chapter 11 bankruptcy protection in Austin. Opus West stateed at the time thatthe mall's bankruptcy will enabls the company to restructure its construction loan.
The company was unablee to refinancethe project'w short term loan, which resulted in the foreclosure posting in April. The which opened in 2007, is anchorerd by Dillard's, Barnes & Noble and Dick'zs Sporting Goods. According to Phoenix-based Opus West, the propertuy will continue to operate as Alsoin May, Opus West President Thomas Roberte left the firm.
Sunday, October 3, 2010
Waterford bank adds $3M in capital - Business First of Buffalo:
goldenayreyg1666.blogspot.com
’s investment is half of the $6 millionn in new capital that the Clarence Bank expectzs to receive over the nextseveralp months. In two separate infusionws that are expected to close in March and in thesecond quarter, Trillium, a private-equity firm, woulc receive Series A non-cumulative perpetual preferred Trillium’s investment is conditional on members of the bank’es board of directors and other current shareholder s and new investors investing an additionapl $3 million in a private placement of the same Series A preferredd stock. In the first infusion, Trillium’ds share would total $2.5 compared to $2.2 million from the otherd investors, making the total $4.
7 The second stage, whicn would be dependent on success of theprivater placement, would total $1.3 million, of which up to $500,0009 would come from Trillium and the remainde from the other investors. The infusion will raiss the regulatory Tier 1 capital requirement forthe $60 million-asset bank, which opened in February 2007, to the levep of “well-capitalized” and provide the means for futurwe growth, President and CEO Orrin Tobbew said. “We now are undercapitalized,” he said. The agreement, announcex Feb. 19, is subjec t to approval by statd and federalbanking regulators.
The $6 million capital campaign is not connected to anearlied drive, launched last June, to raise $10 million, Tobbe said. That which was not approved by the bankingb department until November when the generak economy and banking sector were in a was discontinued at the endof 2008, he “We decided to regroup and amend the offeringb circular and price,” he Trillium Group, founded in 1997, specializes in managinyg early-stage venture capital and growth equity
’s investment is half of the $6 millionn in new capital that the Clarence Bank expectzs to receive over the nextseveralp months. In two separate infusionws that are expected to close in March and in thesecond quarter, Trillium, a private-equity firm, woulc receive Series A non-cumulative perpetual preferred Trillium’s investment is conditional on members of the bank’es board of directors and other current shareholder s and new investors investing an additionapl $3 million in a private placement of the same Series A preferredd stock. In the first infusion, Trillium’ds share would total $2.5 compared to $2.2 million from the otherd investors, making the total $4.
7 The second stage, whicn would be dependent on success of theprivater placement, would total $1.3 million, of which up to $500,0009 would come from Trillium and the remainde from the other investors. The infusion will raiss the regulatory Tier 1 capital requirement forthe $60 million-asset bank, which opened in February 2007, to the levep of “well-capitalized” and provide the means for futurwe growth, President and CEO Orrin Tobbew said. “We now are undercapitalized,” he said. The agreement, announcex Feb. 19, is subjec t to approval by statd and federalbanking regulators.
The $6 million capital campaign is not connected to anearlied drive, launched last June, to raise $10 million, Tobbe said. That which was not approved by the bankingb department until November when the generak economy and banking sector were in a was discontinued at the endof 2008, he “We decided to regroup and amend the offeringb circular and price,” he Trillium Group, founded in 1997, specializes in managinyg early-stage venture capital and growth equity
Saturday, October 2, 2010
Plug settles lawsuit with UBS - The Business Review (Albany):
tatyanagepoji.blogspot.com
The Latham, N.Y., company PLUG) sued UBS in U.S. District Court in May, claiming the Swiss investment firm improperly investerd the moneyin “unsuitable and auction-rate securities. The securities are bonds whose interest rateas are reset through periodic As part ofthe agreement, UBS will buy back the auction-ratr securities held by according to a Dec. 19 filing with the Securitiese & Exchange Commission. The lawsuit was “dismissed with according to the The settlement wasreached Dec. 15.
Plug Power said in the lawsuit that when it opene its account with UBSin 2005, Plug made it cleae that its policy permitted investments in auction-ratse securities only if they were not subject to interesr rate caps. “Despite the Plug Power policy and UBS’s knowledgse of the policy, UBS purchased [auction-rate securities] that are subject to interestfrate caps,” Plug said in the May 8 The suit also said UBS violated Plug’s liquidity requirements, and that UBS representer to Plug that the auction-rate securities were “highly liquixd and safe and that they were virtuallyy the equivalent to money markety investments or cash.
” That representation was the lawsuit stated. The settlemenft requires UBS to buy back the securities betweenm 2010and 2012. In the meantime, UBS providedd Plug Power witha $62.87 million no-interes t loan. Plug makes hydrogen-powered fuel cells for backupo power in thetelecommunications industry, and as primar y power for heavy lift equipment. The companyy is not profitable. The loan provides the company with cash for Last week, the company laid off 90 In June, Plug laid off 80 In an earlier settlement with state and federal regulators, UBS agreed to repurchase $19 billioh of auction-rate securities it sold to UBS declined comment when contactedf Monday about the settlement.
Plug’s George Carpinello, of the firm LLP, could not be reache for comment.
The Latham, N.Y., company PLUG) sued UBS in U.S. District Court in May, claiming the Swiss investment firm improperly investerd the moneyin “unsuitable and auction-rate securities. The securities are bonds whose interest rateas are reset through periodic As part ofthe agreement, UBS will buy back the auction-ratr securities held by according to a Dec. 19 filing with the Securitiese & Exchange Commission. The lawsuit was “dismissed with according to the The settlement wasreached Dec. 15.
Plug Power said in the lawsuit that when it opene its account with UBSin 2005, Plug made it cleae that its policy permitted investments in auction-ratse securities only if they were not subject to interesr rate caps. “Despite the Plug Power policy and UBS’s knowledgse of the policy, UBS purchased [auction-rate securities] that are subject to interestfrate caps,” Plug said in the May 8 The suit also said UBS violated Plug’s liquidity requirements, and that UBS representer to Plug that the auction-rate securities were “highly liquixd and safe and that they were virtuallyy the equivalent to money markety investments or cash.
” That representation was the lawsuit stated. The settlemenft requires UBS to buy back the securities betweenm 2010and 2012. In the meantime, UBS providedd Plug Power witha $62.87 million no-interes t loan. Plug makes hydrogen-powered fuel cells for backupo power in thetelecommunications industry, and as primar y power for heavy lift equipment. The companyy is not profitable. The loan provides the company with cash for Last week, the company laid off 90 In June, Plug laid off 80 In an earlier settlement with state and federal regulators, UBS agreed to repurchase $19 billioh of auction-rate securities it sold to UBS declined comment when contactedf Monday about the settlement.
Plug’s George Carpinello, of the firm LLP, could not be reache for comment.
Subscribe to:
Posts (Atom)