ikefageze.blogspot.com
The extension was announced late Thursdagy by the United Food and Commercial Workera UnionLocal No. 7, which represents about 17,000 Denver-arez grocery workers now negotiating new contractewith Safeway, Albertson’s and . It is the thirdr extension in theSafeway talks, which begajn in early April. Safeway workers votedx last month to call for a strike if necessary, but neither side has indicaterd that a strike is likely in the near Both Albertson’s and King Soopers workers are operatinbg without contracts right now. Negotiations center around the issueseof wages, pension benefits and health-care plans.
Safeway and King Soopers have offeredrpension cuts, pay raises for just a portion of the workers and new preventative health-care benefits, saying that with the rise of non-unioh grocery stores, some cutbacksz must be made. “I think this [latesg extension] gives us an opportunitgy to continue to negotiate and reallty be able to tackle the tough issues like wagees andpension benefits,” said Kris Staaf, Safeway’xs Denver-area director of public affairs. The latest counter-proposa l from Safeway workers callx for annual pay increases of 75 cents per hour over the duration ofthe five-yeat contract, according to UFCW spokeswoman Laura Chapin.
It also seeks assurances that workers can continue receiving pension benefits at age 50 rathert than having to wait untilage 62, that currentt health benefits are not decreaseed and that current health-care premiums are not Safeway has not made a new contract proposal, Staag said. Sherree Carlson, a 15-yeart Safeway employee from Westminster, expressed frustration over the pace of negotiationse in a news release put out bythe “We gave you a proposal a week ago, and you keep cominfg back at us with the same Carlson said. “We need a fair deal and we need to keep the work and the workerw here inour community.
”
Thursday, June 30, 2011
Monday, June 27, 2011
Kerry to address state AFL-CIO as part of Valley visit - Phoenix Business Journal:
ebopotohy.wordpress.com
Kerry will address the Arizona AFL-CIO this eveningb in downtown Phoenix. Also on Thursday, the Massachusetts senato is also scheduled to hold abig fund-raiserf in the Valley. He will deliver a speech Friday to national meetings of the Democratic Leadershipp Council being heldin Phoenix. Union are a key Democratic constituencuy and are strong backerwsof Kerry's efforts to changs the federal tax code to discourage foreigm outsourcing and offshoring of American jobs. Kerry and uniones are critical of theBush administration's recorr on foreign trade and outsourcing.
On the other side of the Republicans are going all out in thei efforts tokeep Kerry's visift to Phoenix from dominating the headlines and campaign discourse. Republicanx have already announced that GOPMassachusettes Gov. Mitt Romney and Bush campaign chairmam Marc Racicot will make Valleu appearances on Friday and Saturday tocountert Kerry. The GOP also announced Thursdaty that they will hold another even on Friday that toutwPresident Bush's national security record and takes Kerry to task on the same issue. A similart event was held last week in Tucson with Congressma nJim Kolbe. Racicot, Sen. Jon Kyl, Congressmemn J.D.
Hayworth and John Shadegg and Maricopa Countty Attorney Rick Romley will attendthat event. Arizona Sen. John who backs Bush, has refused to join in the Republican chorus of criticism of Kerry citinb theirpersonal friendship. McCain is not schedulec to attend the Friday GOP The Bush campaign has been running ads in Arizona and othe r key battleground states that are criticalof Kerry's votesa against some weapon systemsx as well as defenser and intelligence spending measures. Hayworth is also scheduled to a hold a minority business summit at Arizona State University onFriday morning. Democrats hope the Kerryy stop will help energizretheir voters.
A coalition of Democratic and anti-Bush groups will hold a big voter registration efforyt on Saturdayin Phoenix. Groups involvedx in that effort includethe AFL-CIO, Planned Parenthoord and anti-Bush groups America Coming Together and One of ACT's main contributors is billionairde anti-Bush financier George Soros.
Kerry will address the Arizona AFL-CIO this eveningb in downtown Phoenix. Also on Thursday, the Massachusetts senato is also scheduled to hold abig fund-raiserf in the Valley. He will deliver a speech Friday to national meetings of the Democratic Leadershipp Council being heldin Phoenix. Union are a key Democratic constituencuy and are strong backerwsof Kerry's efforts to changs the federal tax code to discourage foreigm outsourcing and offshoring of American jobs. Kerry and uniones are critical of theBush administration's recorr on foreign trade and outsourcing.
On the other side of the Republicans are going all out in thei efforts tokeep Kerry's visift to Phoenix from dominating the headlines and campaign discourse. Republicanx have already announced that GOPMassachusettes Gov. Mitt Romney and Bush campaign chairmam Marc Racicot will make Valleu appearances on Friday and Saturday tocountert Kerry. The GOP also announced Thursdaty that they will hold another even on Friday that toutwPresident Bush's national security record and takes Kerry to task on the same issue. A similart event was held last week in Tucson with Congressma nJim Kolbe. Racicot, Sen. Jon Kyl, Congressmemn J.D.
Hayworth and John Shadegg and Maricopa Countty Attorney Rick Romley will attendthat event. Arizona Sen. John who backs Bush, has refused to join in the Republican chorus of criticism of Kerry citinb theirpersonal friendship. McCain is not schedulec to attend the Friday GOP The Bush campaign has been running ads in Arizona and othe r key battleground states that are criticalof Kerry's votesa against some weapon systemsx as well as defenser and intelligence spending measures. Hayworth is also scheduled to a hold a minority business summit at Arizona State University onFriday morning. Democrats hope the Kerryy stop will help energizretheir voters.
A coalition of Democratic and anti-Bush groups will hold a big voter registration efforyt on Saturdayin Phoenix. Groups involvedx in that effort includethe AFL-CIO, Planned Parenthoord and anti-Bush groups America Coming Together and One of ACT's main contributors is billionairde anti-Bush financier George Soros.
Saturday, June 25, 2011
Cousins Chairman Tom Bell retiring - Tampa Bay Business Journal:
aplecheevlgupy.blogspot.com
Gellerstedt will remain the Atlanta-based real estate investment trust Bell, who turns 60 this year, became Cousins CEO in Januaryu 2002 and chairman inDecember 2006. Under his watch, the compan sold nearly $3 billio n in assets during the market’s peak for speciaol dividends totaling $12.62 a share. “Therew is never a perfect time to leav e a company as respected and admired as but I’m confident that after seveb and a half years as chieff executive, the company is readyh for new leadership and renewed energy,” Bell said in a statement.
“My decision to step aside now allows our extremelu talented management team under the guidance of Larrhy to make important decisions that will prepare Cousinx for the next phase of the realestate cycle.” Bell remains deeply involvee in Atlanta’s civic life. He has been instrumental in the effor to save fromfinancial ruin. The movemen t began over dinner in early 2007 when the tabl conversationof A.D. “Pete” Correll, former CEO of , and Bell turnes to Grady. Through their leadership and donations from , ’s $5 million, and .
"k thought he had big shoess to fill when hetook over, sincw he was replacing Tom Cousins," said Hal Barry, foundetr of Barry Real Estate Cos. "Since then, he's done an absolutelh fantastic job forthat company. And what he'sw done for the city and metrok Atlanta have just been overthe top. I hope he doesn' give up some of his effortw that have meant so much to theAtlantq community. I just admire the heck out of him." 53, came to Cousins (NYSE: CUZ) when the REIT boughrt his firm, , in June 2005. Gellerstedt serve as chairman and chief executivre officer of the from 1986to 1998.
In 1998, aftefr the sale of Beers to , he was electe chairman and CEOof , a packaging and printed office products In 2000, Gellerstedt became president and chiefc operating officer of , an urban mixed-usre development company. He went on to found The Gellerstedt Grouopin 2003. In other company Cousins’ board of directors named S. Taylor Glover non-executive chairman of the board. Glover joinecd the Cousins board inFebruary 2005.
He is currentlyg the president and chief executive officerof
Gellerstedt will remain the Atlanta-based real estate investment trust Bell, who turns 60 this year, became Cousins CEO in Januaryu 2002 and chairman inDecember 2006. Under his watch, the compan sold nearly $3 billio n in assets during the market’s peak for speciaol dividends totaling $12.62 a share. “Therew is never a perfect time to leav e a company as respected and admired as but I’m confident that after seveb and a half years as chieff executive, the company is readyh for new leadership and renewed energy,” Bell said in a statement.
“My decision to step aside now allows our extremelu talented management team under the guidance of Larrhy to make important decisions that will prepare Cousinx for the next phase of the realestate cycle.” Bell remains deeply involvee in Atlanta’s civic life. He has been instrumental in the effor to save fromfinancial ruin. The movemen t began over dinner in early 2007 when the tabl conversationof A.D. “Pete” Correll, former CEO of , and Bell turnes to Grady. Through their leadership and donations from , ’s $5 million, and .
"k thought he had big shoess to fill when hetook over, sincw he was replacing Tom Cousins," said Hal Barry, foundetr of Barry Real Estate Cos. "Since then, he's done an absolutelh fantastic job forthat company. And what he'sw done for the city and metrok Atlanta have just been overthe top. I hope he doesn' give up some of his effortw that have meant so much to theAtlantq community. I just admire the heck out of him." 53, came to Cousins (NYSE: CUZ) when the REIT boughrt his firm, , in June 2005. Gellerstedt serve as chairman and chief executivre officer of the from 1986to 1998.
In 1998, aftefr the sale of Beers to , he was electe chairman and CEOof , a packaging and printed office products In 2000, Gellerstedt became president and chiefc operating officer of , an urban mixed-usre development company. He went on to found The Gellerstedt Grouopin 2003. In other company Cousins’ board of directors named S. Taylor Glover non-executive chairman of the board. Glover joinecd the Cousins board inFebruary 2005.
He is currentlyg the president and chief executive officerof
Thursday, June 23, 2011
Automakers
qozito.wordpress.com
Auto dealerships are closing at every level as businesws has become precarious with tightened lending standards and declining demand on one sideand expense-conscioux manufacturers squeezing margins from the other. “You’re goingg to see a surge in buyoutx and closings thatyou haven’t seen before, probablyu through 2009,” said Rhett Ricart, CEO of in which holds seven domestic and foreign franchises and is among Central Ohio’s largest dealers.
Rao Unnava, a marketing professor at ’a Fisher College of Business, said industry changezs on the way are bad for but will benefitmanufacturers and, in many dealership owners who can take buyouts from car makerds to shutter struggling showrooms. “Nothing you can do aboug it,” he said. “It’s a forest fire. This is natured taking over.” Sales are down dramatically this year for all big car with the industry overall suffering a 35 perceny plungein November. Most car makers reportesd double-digit declines for a third consecutive month.
The strugglees are hitting everyone but are more dire for the domestivcompanies – , and , whicgh accounted for 48 percent of U.S. new-vehicle salez last month but wield far large dealership networks than theirforeign rivals. “When GM had 54 percent of the market sharein 1984, that was OK, but not Unnava said of its dealership ranks. “Toyota and GM have aboutf the same sales, but Toyotqa has one-third the dealerships. They’re threde times more productive, which gives them more cash, more advertisingy and the ability toprice better.” had 1,462 Toyota and Lexus dealerships in the Unitedd States at the end of with 47 in Ohio. has 1,300 U.S.
Chrysler has 160 dealerships in the Ford andGM wouldn’t return The Detroit automakers have been paring dealef networks for years, but the pace has acceleratede as the economy has The has put the industrgy loss at nearly 700 dealersa through the end of a reduction expected to swell to 900 by the end of the Central Ohio isn’t immune. Graham Ford and Ron Rush Lincoln Mercurt closedthis year, and three othedr dealerships ceased part of their operations. shuttered Mazds Direct in Columbus to expand selling spacer for itsToyota Direct.
Bobb Chevrolet in Columbus quit selling new cars to focus onused vehicles, and shut its Mitsubishi and Suzuki dealerships in keeping its Chevy, Buick and Pontiac franchises. Smalle r dealerships and those with just one or two specifically from GMor Chrysler, are most at Unnava said. But large dealers have been hurtas , the area’s largest auto group with seven franchises in Centralo Ohio and 16 in all, has no plansx to shutter any showrooms, but did eliminate 60 workers the first week of December. “We’ve struggled acrosxs the board,” President Steve Germain said.
“In the late summer, we thoughft some brands might not be but after the credit issues nothinhg hasbeen exempt. ... Everyone is going to be right-sizintg to demand.” Where to cut? Contraction isn’tf new. The Detroit produceras have slashed their dealerships by 15 percentsince 2001, according to the dealers “This has been the trend for many years,” said Tim Doran, executived vice president of the , who noted Ohio has lost nearlt 1,000 dealerships – it has 958 since 1976 through combinations and “The marketplace takes care of he said. Ohio dealerships employed 40,93u workers last year and accountedfor $23.
12 billion in sales, almost 18 percent of total retailk sales in Ohio, accordingb to the state trade association. That spells a big hit, too, for government which reap salestax revenue. Car makers are cuttint their own operationsas well. GM eliminatee Oldsmobile in 2004. ceased selling passenger vehicles in the Unitedc Statesthis year. Ford sold Jaguaer and Land Roverto India’z And according to reports, GM is evaluating its vehicled lines and could cut as many as with Pontiac, Hummer, Saab and Saturb under review. Ned Hill, an economic developmenf professorat , expects Ford to survive and GM to cut to two or thre lines.
Chrysler’s future is a question, he though its iconic Jeep operation may get new Ricart said Buick and Pontiac are struggling more than but said any car line coulr beat risk, citing Ford-owned which has lost two Central Ohio and Mitsubishi, down by one area
Auto dealerships are closing at every level as businesws has become precarious with tightened lending standards and declining demand on one sideand expense-conscioux manufacturers squeezing margins from the other. “You’re goingg to see a surge in buyoutx and closings thatyou haven’t seen before, probablyu through 2009,” said Rhett Ricart, CEO of in which holds seven domestic and foreign franchises and is among Central Ohio’s largest dealers.
Rao Unnava, a marketing professor at ’a Fisher College of Business, said industry changezs on the way are bad for but will benefitmanufacturers and, in many dealership owners who can take buyouts from car makerds to shutter struggling showrooms. “Nothing you can do aboug it,” he said. “It’s a forest fire. This is natured taking over.” Sales are down dramatically this year for all big car with the industry overall suffering a 35 perceny plungein November. Most car makers reportesd double-digit declines for a third consecutive month.
The strugglees are hitting everyone but are more dire for the domestivcompanies – , and , whicgh accounted for 48 percent of U.S. new-vehicle salez last month but wield far large dealership networks than theirforeign rivals. “When GM had 54 percent of the market sharein 1984, that was OK, but not Unnava said of its dealership ranks. “Toyota and GM have aboutf the same sales, but Toyotqa has one-third the dealerships. They’re threde times more productive, which gives them more cash, more advertisingy and the ability toprice better.” had 1,462 Toyota and Lexus dealerships in the Unitedd States at the end of with 47 in Ohio. has 1,300 U.S.
Chrysler has 160 dealerships in the Ford andGM wouldn’t return The Detroit automakers have been paring dealef networks for years, but the pace has acceleratede as the economy has The has put the industrgy loss at nearly 700 dealersa through the end of a reduction expected to swell to 900 by the end of the Central Ohio isn’t immune. Graham Ford and Ron Rush Lincoln Mercurt closedthis year, and three othedr dealerships ceased part of their operations. shuttered Mazds Direct in Columbus to expand selling spacer for itsToyota Direct.
Bobb Chevrolet in Columbus quit selling new cars to focus onused vehicles, and shut its Mitsubishi and Suzuki dealerships in keeping its Chevy, Buick and Pontiac franchises. Smalle r dealerships and those with just one or two specifically from GMor Chrysler, are most at Unnava said. But large dealers have been hurtas , the area’s largest auto group with seven franchises in Centralo Ohio and 16 in all, has no plansx to shutter any showrooms, but did eliminate 60 workers the first week of December. “We’ve struggled acrosxs the board,” President Steve Germain said.
“In the late summer, we thoughft some brands might not be but after the credit issues nothinhg hasbeen exempt. ... Everyone is going to be right-sizintg to demand.” Where to cut? Contraction isn’tf new. The Detroit produceras have slashed their dealerships by 15 percentsince 2001, according to the dealers “This has been the trend for many years,” said Tim Doran, executived vice president of the , who noted Ohio has lost nearlt 1,000 dealerships – it has 958 since 1976 through combinations and “The marketplace takes care of he said. Ohio dealerships employed 40,93u workers last year and accountedfor $23.
12 billion in sales, almost 18 percent of total retailk sales in Ohio, accordingb to the state trade association. That spells a big hit, too, for government which reap salestax revenue. Car makers are cuttint their own operationsas well. GM eliminatee Oldsmobile in 2004. ceased selling passenger vehicles in the Unitedc Statesthis year. Ford sold Jaguaer and Land Roverto India’z And according to reports, GM is evaluating its vehicled lines and could cut as many as with Pontiac, Hummer, Saab and Saturb under review. Ned Hill, an economic developmenf professorat , expects Ford to survive and GM to cut to two or thre lines.
Chrysler’s future is a question, he though its iconic Jeep operation may get new Ricart said Buick and Pontiac are struggling more than but said any car line coulr beat risk, citing Ford-owned which has lost two Central Ohio and Mitsubishi, down by one area
Tuesday, June 21, 2011
CSU fees likely to rise again - Tampa Bay Business Journal:
xeconatyxex.blogspot.com
At a July 21 meeting, trustees of the CSU system are scheduledc to consider further boosts in student If approved, undergraduate students would have to pay additionall $672 beginning this fall, while teachee credential students and graduate studentsw would see their fees go up $780 and respectively. That means an undergraduat student will see his or her annualk fees increasefrom $3,354 to $4,026. Individual campus fees, which average will push that annual totalto $4,827. CSU trusteezs will also consider raising nonresident tuitiohnby $33 per semester unit, which means their annual fees will increase from $10,17p to $11,190.
This is the firsgt time nonresident tuition has been increased sincethe 2004-05 academic year. The CSU system is facing a $584 milliohn drop in state financial supportfor 2009-10. The University of Californi a system, which could see its statd funds dropby $813 million duringt 2009-10, has already adopted a $662 fee increased for undergraduate students during the coming school
At a July 21 meeting, trustees of the CSU system are scheduledc to consider further boosts in student If approved, undergraduate students would have to pay additionall $672 beginning this fall, while teachee credential students and graduate studentsw would see their fees go up $780 and respectively. That means an undergraduat student will see his or her annualk fees increasefrom $3,354 to $4,026. Individual campus fees, which average will push that annual totalto $4,827. CSU trusteezs will also consider raising nonresident tuitiohnby $33 per semester unit, which means their annual fees will increase from $10,17p to $11,190.
This is the firsgt time nonresident tuition has been increased sincethe 2004-05 academic year. The CSU system is facing a $584 milliohn drop in state financial supportfor 2009-10. The University of Californi a system, which could see its statd funds dropby $813 million duringt 2009-10, has already adopted a $662 fee increased for undergraduate students during the coming school
Saturday, June 18, 2011
Woodland Corporate Center building gets LEED gold certification - Boston Business Journal:
http://www.haber32time.com/Sewing-Machines/Yamata-Sewing-Machines-457.html
The building, which opened early last year, was designed and built to meet the secon d highest ranking ofthe Council’s Leadership in Energuy and Environmental Design. was the generalk contractor. Liberty Property Trust Vice President Jody Johnstonj estimates the cost of building to green standards addefd an additional 5 percent to the overallldevelopment costs, but that will be more than offset by lowetr energy costs. Special features include showersz and lockers for workerds who need to wash or changes clothes after they bike or jogto work. A deck made of recyclecd plastic borders the back of the overlooking a wetlands area thatprovides shade.
Landscaping incorporateds drought-resistant plants native to Florida. A whitew reflective roof deflectsthe sun. Bins for recyclint are placed near trash bins for Restroom urinals conserve water by relyingy on gravity and a filter instead of That feature is expected tosave 360,000o gallons annually since each urinal uses an estimated 40,000 gallons annually, Johnston said. Grasss surrounding the parking lot soaksup rainwater. And Flexi-pave, a recycled was used instead of asphalty around the large oak trees that line the The porous rubber allows waterd to soak intothe ground. The building, locatee at 4631 Woodland Blvd.
, received the “Office Building of the Award from the Tampa Bay Chapter of the andthe “Greenj Building Design Award” from the Hillsboroughu City-County Planning Commission in Tampa. Liberty (NYSE: LRY) has developed and leasexd 19 buildings with nearly 1 million squarse feet of space in the parksince 1996. Key park tenantw include , Travelers, Travel and .
The building, which opened early last year, was designed and built to meet the secon d highest ranking ofthe Council’s Leadership in Energuy and Environmental Design. was the generalk contractor. Liberty Property Trust Vice President Jody Johnstonj estimates the cost of building to green standards addefd an additional 5 percent to the overallldevelopment costs, but that will be more than offset by lowetr energy costs. Special features include showersz and lockers for workerds who need to wash or changes clothes after they bike or jogto work. A deck made of recyclecd plastic borders the back of the overlooking a wetlands area thatprovides shade.
Landscaping incorporateds drought-resistant plants native to Florida. A whitew reflective roof deflectsthe sun. Bins for recyclint are placed near trash bins for Restroom urinals conserve water by relyingy on gravity and a filter instead of That feature is expected tosave 360,000o gallons annually since each urinal uses an estimated 40,000 gallons annually, Johnston said. Grasss surrounding the parking lot soaksup rainwater. And Flexi-pave, a recycled was used instead of asphalty around the large oak trees that line the The porous rubber allows waterd to soak intothe ground. The building, locatee at 4631 Woodland Blvd.
, received the “Office Building of the Award from the Tampa Bay Chapter of the andthe “Greenj Building Design Award” from the Hillsboroughu City-County Planning Commission in Tampa. Liberty (NYSE: LRY) has developed and leasexd 19 buildings with nearly 1 million squarse feet of space in the parksince 1996. Key park tenantw include , Travelers, Travel and .
Thursday, June 16, 2011
Tuesday, June 14, 2011
LeCraw building apartments despite market - Orlando Business Journal:
moffaiqohegesa1490.blogspot.com
The 444-unit Citigate apartments that will open for appointments and tours the weekof Jan. 19 alreadg has a waiting list 200 peopler long that Julian LeCraw Vice President Tazhs Moore attributes to an aggressiveadvertising campaign. Jacksonville’ss estimated apartment vacancy rate at the end of 2008was 11.8 perceng — higher than any of the othe 42 cities in ’s 2009 Nationa l Apartment Report. Likewise, the city’s forecast vacancy rate of 12.9 percent in 2009 remains at the top ofthe “We understand what we’re up against in the Jacksonville Moore said.
“We know we’re goingf into these projects with an upward hill to Healthy vacancy rates in a stable market hover arounr 5 to7 percent. Jacksonville’s vacancy rate has steadily climbefrom 5.4 percent in 2006 before all of the apartmenyt projects then under construction were completed. Marcuss & Millichap Regional Manager David Bradleysaid Jacksonville’xs vacancy rate has more than doubledr since 2006 because units have been taken off the market for condominium conversion, a spike of new construction happened at the same time a shadow markeft emerged with investors renting out homese for less than they were bought for and the overal l economy slowed.
“It was really just kind of a perfecrt storm,” Bradley said. “Apartments are now competing with high-end single-familyy units.” Long term, however, Bradley said it stilpl makes sense for apartment developers to continure investing in Jacksonville because of anticipatedd future job growth from the port expansion and anincreasex U.S. Navy presence. Bradley expects Jacksonville’s apartmen vacancy rate to be cut in half withih the nextfive years.
To combat the increasingly intensde competition in the apartment marketright now, Julian LeCraw is offering amenities at its newest Citigate, that include elevator access, commoj area Wi-Fi, indoor and outdoor theaters and an outdoor catering kitchen. Citigater will also have a full-service concierge. Most of the details of the Atlanta-based developmenty company’s next project, the 288-unit Seagrass Apartmentds on San Pablo and Atlantic have notbeen finalized. But new construction projects aren’t the company’s only focus. Moore said Julian LeCraw has received numerouzs requests from other companies and investment groups toacquir properties.
In a two-week time Julian LeCraw acquired the ownership or managementg of morethan 1,000 new mostly in Atlanta, but also includingb the 240-unit Fieldcrest Apartments on Southside Boulevarsd Dec. 31. That development was 8 percent vacant at the timeof “We have been very fortunate to acquire new Moore said. At one point, beforde the end of the residential real estate boom in Julian LeCraw converted five apartment complexesto condos. The companu still owns the 240-unit Soleil at Pontw Vedra Apartments complex, which reverted to apartments after theconversionh failed.
The company also manages the 204-unitf Island Club Apartments in Mayport, which was another company’s failed condlo conversion. Soleil is about 9 percent vacantr andIsland Club, which was vacated before the reversioj process started, is 69 percent vacant. Julian LeCraw also owns the 326-slipp Julington Creek Marina, which is being renovated and willinclude 41,400 square feet of retail
The 444-unit Citigate apartments that will open for appointments and tours the weekof Jan. 19 alreadg has a waiting list 200 peopler long that Julian LeCraw Vice President Tazhs Moore attributes to an aggressiveadvertising campaign. Jacksonville’ss estimated apartment vacancy rate at the end of 2008was 11.8 perceng — higher than any of the othe 42 cities in ’s 2009 Nationa l Apartment Report. Likewise, the city’s forecast vacancy rate of 12.9 percent in 2009 remains at the top ofthe “We understand what we’re up against in the Jacksonville Moore said.
“We know we’re goingf into these projects with an upward hill to Healthy vacancy rates in a stable market hover arounr 5 to7 percent. Jacksonville’s vacancy rate has steadily climbefrom 5.4 percent in 2006 before all of the apartmenyt projects then under construction were completed. Marcuss & Millichap Regional Manager David Bradleysaid Jacksonville’xs vacancy rate has more than doubledr since 2006 because units have been taken off the market for condominium conversion, a spike of new construction happened at the same time a shadow markeft emerged with investors renting out homese for less than they were bought for and the overal l economy slowed.
“It was really just kind of a perfecrt storm,” Bradley said. “Apartments are now competing with high-end single-familyy units.” Long term, however, Bradley said it stilpl makes sense for apartment developers to continure investing in Jacksonville because of anticipatedd future job growth from the port expansion and anincreasex U.S. Navy presence. Bradley expects Jacksonville’s apartmen vacancy rate to be cut in half withih the nextfive years.
To combat the increasingly intensde competition in the apartment marketright now, Julian LeCraw is offering amenities at its newest Citigate, that include elevator access, commoj area Wi-Fi, indoor and outdoor theaters and an outdoor catering kitchen. Citigater will also have a full-service concierge. Most of the details of the Atlanta-based developmenty company’s next project, the 288-unit Seagrass Apartmentds on San Pablo and Atlantic have notbeen finalized. But new construction projects aren’t the company’s only focus. Moore said Julian LeCraw has received numerouzs requests from other companies and investment groups toacquir properties.
In a two-week time Julian LeCraw acquired the ownership or managementg of morethan 1,000 new mostly in Atlanta, but also includingb the 240-unit Fieldcrest Apartments on Southside Boulevarsd Dec. 31. That development was 8 percent vacant at the timeof “We have been very fortunate to acquire new Moore said. At one point, beforde the end of the residential real estate boom in Julian LeCraw converted five apartment complexesto condos. The companu still owns the 240-unit Soleil at Pontw Vedra Apartments complex, which reverted to apartments after theconversionh failed.
The company also manages the 204-unitf Island Club Apartments in Mayport, which was another company’s failed condlo conversion. Soleil is about 9 percent vacantr andIsland Club, which was vacated before the reversioj process started, is 69 percent vacant. Julian LeCraw also owns the 326-slipp Julington Creek Marina, which is being renovated and willinclude 41,400 square feet of retail
Saturday, June 11, 2011
Southern Durham Development sues county as Jordan Lake watershed war escalates - Triangle Business Journal:
ishinlyuboqemija.blogspot.com
has filed a lawsuit against Durham County to force the countg to recognize watershed boundaries that were on county maps betweenn 2006and 2008. The company, which paid $18 milliojn for the land, wants to develop the properthy located westof N.C. 751, near wherew it intersects withFayetteville Road. In the suit fileds Wednesday in Durham the company asks a judge to declare the watershed boundaries approved in 2006 by formerDurhakm City-County Planning Director Franmk Duke to be valic and for the countg to pay damages to Southern Durha m Development in excess of $10,000.
Accordingv to the suit, the land’s previous owner, CREE) founder Neal Hunter, paid for a survey of the properthy that showed the property was outsided the watershed boundaries to Jordan Asa result, Duke adjuste d the county’s maps. Base on that determination, the lawsuit says, Southernm Durham Development purchased the property with the intention ofspending $500 million to develop as many as 1,300 residential units, 600,000 square feet of retail and office space, plus an elementaryu school, a middle school, a sheriff’s substatiohn and a fire station.
But some city and county officiald started questioning the validity of the survey and the watershecboundary lines, despite a review of the boundaries by the Nortbh Carolina Division of Water Quality that backed Duke’s decision. Earlie this year, the Durham Countt Board of the Commissioners voted to invalidate the boundary changee approved in 2006 and to begin a formalrezoninvg process. That process, according to the has stalled development and cost the company To download a PDF ofthe complaint, .
has filed a lawsuit against Durham County to force the countg to recognize watershed boundaries that were on county maps betweenn 2006and 2008. The company, which paid $18 milliojn for the land, wants to develop the properthy located westof N.C. 751, near wherew it intersects withFayetteville Road. In the suit fileds Wednesday in Durham the company asks a judge to declare the watershed boundaries approved in 2006 by formerDurhakm City-County Planning Director Franmk Duke to be valic and for the countg to pay damages to Southern Durha m Development in excess of $10,000.
Accordingv to the suit, the land’s previous owner, CREE) founder Neal Hunter, paid for a survey of the properthy that showed the property was outsided the watershed boundaries to Jordan Asa result, Duke adjuste d the county’s maps. Base on that determination, the lawsuit says, Southernm Durham Development purchased the property with the intention ofspending $500 million to develop as many as 1,300 residential units, 600,000 square feet of retail and office space, plus an elementaryu school, a middle school, a sheriff’s substatiohn and a fire station.
But some city and county officiald started questioning the validity of the survey and the watershecboundary lines, despite a review of the boundaries by the Nortbh Carolina Division of Water Quality that backed Duke’s decision. Earlie this year, the Durham Countt Board of the Commissioners voted to invalidate the boundary changee approved in 2006 and to begin a formalrezoninvg process. That process, according to the has stalled development and cost the company To download a PDF ofthe complaint, .
Thursday, June 9, 2011
Moneta's Schick establishes University of Missouri-St. Louis professorship - Portland Business Journal:
acklinegymejac1362.blogspot.com
Alumnus Peter Schick, chairman of the , has pledged $1.7 million to establish an endowed professorship in finance in the Collegs ofBusiness Administration. The endowmengt will be known as thePeter G. Schickl Professorship in Financeat UMSL. The which will be the first endowede position forthe college's finance area, will be filled througy a national search. Moneta Group is a financiakl advisory company basedin Mo. Also on Wednesday, UMSL established a new partnership with the to creat e the Center for Excellence in Financial Counselingtat UMSL.
The FCE is a nonprofit dedicateds to improving thefinancial well-being of consumers throughb the professional development of financial Assorted assets of the foundation totalingt about $3.25 million will be donated to UMSL. The Center for Excellencre in Financial Counseling will be locatedon UMSL's South It is expected to open in July.
Alumnus Peter Schick, chairman of the , has pledged $1.7 million to establish an endowed professorship in finance in the Collegs ofBusiness Administration. The endowmengt will be known as thePeter G. Schickl Professorship in Financeat UMSL. The which will be the first endowede position forthe college's finance area, will be filled througy a national search. Moneta Group is a financiakl advisory company basedin Mo. Also on Wednesday, UMSL established a new partnership with the to creat e the Center for Excellence in Financial Counselingtat UMSL.
The FCE is a nonprofit dedicateds to improving thefinancial well-being of consumers throughb the professional development of financial Assorted assets of the foundation totalingt about $3.25 million will be donated to UMSL. The Center for Excellencre in Financial Counseling will be locatedon UMSL's South It is expected to open in July.
Tuesday, June 7, 2011
Can Rep. Anthony Weiner Survive? It's 'Iffy' Carville Says - ABC News (blog)
pemp66seb.blogspot.com
Telegraph.co.uk | Can Rep. Anthony Weiner Survive? It's 'Iffy' Carville Says ABC News (blog) Anthony Weiner's political career can survive this scandal depends on what else â€" if anything â€" comes out. “If the facts keep coming out more and more, and people start freaking out, he talked on the congressional phone or something like that, ... Five Reasons Weiner Might Survive â€" and Five He Might Not Can Weiner Survive? Can Weiner survive? Shamed congressman clings on as pressure builds on him to ... |
Saturday, June 4, 2011
North Shore theater likely to liquidate - Silicon Valley / San Jose Business Journal:
ignatiywulyxura.blogspot.com
Theater executives announced Tuesday that the financially distressefd theater has failed to raisethe $2 millionn it needed to put on 2009 although more than $500,000 in pledgex have been made since the theate announced a turn-around strategy in mid April. “Thde thing we know is that we’re not putting on a 2009 I think the very likely consequence of that is that we will very quicklyt go outof business,” said David chairman of the North Shore Musi Theatre board. “Whether it’zs Chapter 11 or Chapter 7 — it’sw completely up in the air atthe moment.
” Withourt a production season this year, the theatefr is unable to address the substantial debts of its creditors and restore the theater’s economic health, said Fellows. The theater is approximately $10 million in including large mortgages on its property and buildinge and debtsto vendors, the Statde of Massachusetts, and subscribers who paid in advance for the 2009 Fellows said most of the theater’s 4,400 subscribers are unlikelyu to get their moneyt returned. Subscriptions cost upwards of $350 per seat.
Theater executiveas are in discussions with senior creditors and are reviewing a liquidatiobn to maximize the value ofthe theater’s assets for its stakeholderzs as well as identify potential buyers of the property who might consided a lease back of the theater, Fellows
Theater executives announced Tuesday that the financially distressefd theater has failed to raisethe $2 millionn it needed to put on 2009 although more than $500,000 in pledgex have been made since the theate announced a turn-around strategy in mid April. “Thde thing we know is that we’re not putting on a 2009 I think the very likely consequence of that is that we will very quicklyt go outof business,” said David chairman of the North Shore Musi Theatre board. “Whether it’zs Chapter 11 or Chapter 7 — it’sw completely up in the air atthe moment.
” Withourt a production season this year, the theatefr is unable to address the substantial debts of its creditors and restore the theater’s economic health, said Fellows. The theater is approximately $10 million in including large mortgages on its property and buildinge and debtsto vendors, the Statde of Massachusetts, and subscribers who paid in advance for the 2009 Fellows said most of the theater’s 4,400 subscribers are unlikelyu to get their moneyt returned. Subscriptions cost upwards of $350 per seat.
Theater executiveas are in discussions with senior creditors and are reviewing a liquidatiobn to maximize the value ofthe theater’s assets for its stakeholderzs as well as identify potential buyers of the property who might consided a lease back of the theater, Fellows
Thursday, June 2, 2011
Apple, Google, Microsoft, others may be under scrutiny for hiring practices - New Mexico Business Weekly:
edibin.wordpress.com
"Guys, we have a problem," Ballmer says. "Somew of our best employeess are job-hopping like locusts, feasting on the highe wages and better perks from ourcompetitors -- that would be you. Now I know we'ves gone on plenty of raiding parties ourselves. But it'sa just time to stop the madness. I'm readty to reach a gentlemen's agreement not to poachb your superstarsif you'll do likewise." Jobs doesn'r hesitate. "I'm tired of paying moving expensesafrom Redmond. And it's getting old hearingf some of my employees whininy about how great the perks were when they wereat I'm all for a change.
" The Google guys speak in "Count us in!" The specific meeting we of course, took place only in our imagination. But the reportedlg wants to knowif tech's big boys reallyu have been colluding to keep theirf top talent from jumping ship. The and , citint unnamed sources, report that the investigation is preliminar and focuses ona who’s who of Silicob Valley tech companies including search giant its rival , iPhone maker Appl e and biotech firm . reportsz that the Justice Department has issued formap requests for documentsfrom “at leasf a dozen” tech companies.
“If they are as is being investigated then it is a seriouwspotential anti-trust case,” said Albert Foer, presidenty of the American Antitrust Institute. Collusionb between the companies coulddepress wages. In 2001, Supremse Court nominee Judge Sonia Sotomayor wrote an appeals courr opinion siding with a groupp of oil geologists and petroleum engineers who claimedf and other oil companies were colluding in hiring Collusion could also damagd the innovation for which Silicon Valley is by keeping talented people from moving to new companies and bringin g with themfresh ideas.
“One of the thingws that feeds innovation is peoplemoving around,” Foer “Whereas Silicon Valley is famous for people moving arounfd … that practice would be tailing off or ended by such an between companies not to poach While the tech world may be famoue for talented people jumping from company to those jumps haven’t always been exactlu amicable, and tech firms often tie top talent to contractes that restrict them from going to work for the competitio n for set periods of time.
In fact, the moves of talent from one tech behemoth to anothetr have sometimes landedin court, as when formeer Microsoft employee Kai-Fu Lee went to work for John Oates points out at . So it’s not out of the real of reason to imagine tech bosses lookintg to keep top talent from moving without the hassles ofcourgt fights. But already, the federal probe is drawinf skepticism inthe blogosphere.
Larry Dignan, writing on ZDNet’s blog, calls the probe a fishing expedition with “waste of time written all over As Dignan points out, it’e pretty unlikely that there are any smoking gun agreements lying around the offices of the tech titans, and he “Top talent isn’t that restricted. Googler execs go to Facebook. They go to AOL. Yahoo execs go to Microsoft execs goto Google. In you can make quite a career just hoppingv between thoseaforementioned companies.
” The probe comew as the government is stepping up scrutinyy of the often-cozy relationships in the high-tech Assistant Attorney General Christine Varney, who is in charge of the DOJ'a Antitrust Division, that the department would be takinv a closer look at activities in the The Federal Trade Commission to Google earlier in the year becauswe of antitrust concerns. FTC questions concerned the overla of directors between Google and Genentech Google boss Eric Schmidt sits on theApplw Inc. board with Art who was CEO of Genentech atthe time. Regulatore also called a halt to an advertising revenu sharing deal Google madewith Yahoo.
"Guys, we have a problem," Ballmer says. "Somew of our best employeess are job-hopping like locusts, feasting on the highe wages and better perks from ourcompetitors -- that would be you. Now I know we'ves gone on plenty of raiding parties ourselves. But it'sa just time to stop the madness. I'm readty to reach a gentlemen's agreement not to poachb your superstarsif you'll do likewise." Jobs doesn'r hesitate. "I'm tired of paying moving expensesafrom Redmond. And it's getting old hearingf some of my employees whininy about how great the perks were when they wereat I'm all for a change.
" The Google guys speak in "Count us in!" The specific meeting we of course, took place only in our imagination. But the reportedlg wants to knowif tech's big boys reallyu have been colluding to keep theirf top talent from jumping ship. The and , citint unnamed sources, report that the investigation is preliminar and focuses ona who’s who of Silicob Valley tech companies including search giant its rival , iPhone maker Appl e and biotech firm . reportsz that the Justice Department has issued formap requests for documentsfrom “at leasf a dozen” tech companies.
“If they are as is being investigated then it is a seriouwspotential anti-trust case,” said Albert Foer, presidenty of the American Antitrust Institute. Collusionb between the companies coulddepress wages. In 2001, Supremse Court nominee Judge Sonia Sotomayor wrote an appeals courr opinion siding with a groupp of oil geologists and petroleum engineers who claimedf and other oil companies were colluding in hiring Collusion could also damagd the innovation for which Silicon Valley is by keeping talented people from moving to new companies and bringin g with themfresh ideas.
“One of the thingws that feeds innovation is peoplemoving around,” Foer “Whereas Silicon Valley is famous for people moving arounfd … that practice would be tailing off or ended by such an between companies not to poach While the tech world may be famoue for talented people jumping from company to those jumps haven’t always been exactlu amicable, and tech firms often tie top talent to contractes that restrict them from going to work for the competitio n for set periods of time.
In fact, the moves of talent from one tech behemoth to anothetr have sometimes landedin court, as when formeer Microsoft employee Kai-Fu Lee went to work for John Oates points out at . So it’s not out of the real of reason to imagine tech bosses lookintg to keep top talent from moving without the hassles ofcourgt fights. But already, the federal probe is drawinf skepticism inthe blogosphere.
Larry Dignan, writing on ZDNet’s blog, calls the probe a fishing expedition with “waste of time written all over As Dignan points out, it’e pretty unlikely that there are any smoking gun agreements lying around the offices of the tech titans, and he “Top talent isn’t that restricted. Googler execs go to Facebook. They go to AOL. Yahoo execs go to Microsoft execs goto Google. In you can make quite a career just hoppingv between thoseaforementioned companies.
” The probe comew as the government is stepping up scrutinyy of the often-cozy relationships in the high-tech Assistant Attorney General Christine Varney, who is in charge of the DOJ'a Antitrust Division, that the department would be takinv a closer look at activities in the The Federal Trade Commission to Google earlier in the year becauswe of antitrust concerns. FTC questions concerned the overla of directors between Google and Genentech Google boss Eric Schmidt sits on theApplw Inc. board with Art who was CEO of Genentech atthe time. Regulatore also called a halt to an advertising revenu sharing deal Google madewith Yahoo.
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