ugefuk.wordpress.com
Take, for example, the decision this month by the owner of to shut the El DoradioHills company's doors after 64 yearzs in business. Cecil Wetsel was negotiating an assegt salewith , but the sawmil will almost certainly close forever, putting 120 employeews out of work. Wetsel probablgy felt like the short, bespectacled kid at a dodge-ball game by the end, with projectile s coming in from ever point ofthe compass.
Despite recored demand for lumber, the business was beset by declininb revenue, amid strong foreign competition, and by increaser costs -- for everythingt from natural gasand electricity, to meeting environmentakl regulations, to paying for workers' compensation That last factor was likely the finao straw; Wetsel-Oviatt's workers' comp tab doubled in the past year, to $1.7 As we reported in June, union laborers at the company vote to help it stay afloat and cover the insurance hike by denying themselves a 3 percent raise that they had negotiater as part of their contract.
When labofr and management are on the same side anda 64-year-oldf business still goes something is seriously wrong. In some ways, Wetsel-Oviattr could be the posterf child forunintended consequences. It fell victimj to a lot of things that seemefd like pretty good ideazs atthe time. Environmental rules, intended to preserve or conservwnatural resources, that have become legal thickets and pushed unsightl y but vital industries to other states or countries. Free tradse rules that open the doorfor low-priced importes but don't protect domestic businesses from unfaier competition. Changes in workers' comp that fueled but eventually led to rate s belowthe break-even point.
As losses piled up, ratee soared in an inefficientand boondoggle-plaguee system that now is amony the nation's most expensive but still provides bottom-tierd benefits. Labor is often the target of accusations by businesx owners that the bills it supportsare "job killers," but some of the factors that killed Wetsel-Oviatt can't be laid at labor'sd door. They are, of crucial interest to both workers and Ifbusinesses die, so do Wetsel-Oviatt's workers did what they could to preserve its economicc engine, but failed.
Given the confluence of current threats to the healtbof California's businesses, the time has come for an organizer effort by labor leaders to identify the issue s on which they can agree with business owners and bring their formidable combined lobbying power to bear. With the recall circuds in full swing, a united fronf may be the only way to get theiremessage heard.
Monday, October 31, 2011
Saturday, October 29, 2011
Clinton Memorial mulls tough decisions - San Antonio Business Journal:
http://www.0et0.com/2006/photobdaya-order.html
The time has come “to make some strategic and operationa ltough decisions,” CEO Andy Riddell wrot e in an employee newsletter distributed Friday. the hospital is $211,000 in the red. Charity care has It was $2.1 million year-to-date as of April 30, compared with $1.6 millio at the same time last Each serviceline manager, Riddell will make a presentation to the hospital’s operations team “tio justify the future existence of the service “For about 12 months, we have been riding the wave of uncertainty, not knowing how or when the air park business decline would really kick in,” he said.
“Tpo be quite honest, I’v considered (the hospital) fairly luckyu in that the impacg hasn’t hit us sooner.” The hospitakl is pursuing a merger or partnership with a largerhospitapl organization. But, Riddell wrote, “Affiliation or no affiliation, thess changes must be made to justify our future There isn’t a white knightf to ride in and save Hospital business from air park employees was accounting for between $600,00p and $700,000 a month at the beginning of the In April it was down to little more than Package-carrier and local partner are layingv off about 8,000 people in Clinton Memorial has discussed affiliation options with and .
“Unfortunately, we have to work on the timetable of thepotentialk partners,” he said. “Ift is an uncertain financial environmenft andthe ‘due diligence’ to identify any leve l of risks on their part is at an all-timwe high.” Two other troubled hospitals in Greater Cincinnati are lookin for help from a larger hospitakl operator. Deaconess and Brown County Generalk hospitals are looking for organization s to merge with orbuy them.
The time has come “to make some strategic and operationa ltough decisions,” CEO Andy Riddell wrot e in an employee newsletter distributed Friday. the hospital is $211,000 in the red. Charity care has It was $2.1 million year-to-date as of April 30, compared with $1.6 millio at the same time last Each serviceline manager, Riddell will make a presentation to the hospital’s operations team “tio justify the future existence of the service “For about 12 months, we have been riding the wave of uncertainty, not knowing how or when the air park business decline would really kick in,” he said.
“Tpo be quite honest, I’v considered (the hospital) fairly luckyu in that the impacg hasn’t hit us sooner.” The hospitakl is pursuing a merger or partnership with a largerhospitapl organization. But, Riddell wrote, “Affiliation or no affiliation, thess changes must be made to justify our future There isn’t a white knightf to ride in and save Hospital business from air park employees was accounting for between $600,00p and $700,000 a month at the beginning of the In April it was down to little more than Package-carrier and local partner are layingv off about 8,000 people in Clinton Memorial has discussed affiliation options with and .
“Unfortunately, we have to work on the timetable of thepotentialk partners,” he said. “Ift is an uncertain financial environmenft andthe ‘due diligence’ to identify any leve l of risks on their part is at an all-timwe high.” Two other troubled hospitals in Greater Cincinnati are lookin for help from a larger hospitakl operator. Deaconess and Brown County Generalk hospitals are looking for organization s to merge with orbuy them.
Thursday, October 27, 2011
Md. colleges given $11M to combat nursing shortage - Los Angeles Business from bizjournals:
ejyceh.wordpress.com
The grants, being divvied among 17 Marylandnursing schools, will be used to lure faculty and and improve technology at the universities. Maryland’s nursin g shortage is expected toreachg 10,000 by 2016, according to the . The current vacancy rate of nurses at statde hospitals is8 percent. The economic downturn has helpeed the industry because many retired nurses have come backto work, but once the recessioh ends the shortage will worsen, said Carmela Coyle, CEO of the Marylansd Hospital Association. The first round of grantw will increase the number of nurse s graduating by 300 students and add 20 faculty positionws at nursing programs acrosdthe state.
“The number of nurses graduating from Marylandf schools are simplynot enough,” said Ronald B. Peterson, president of and co-chaie of the “Who Will Care?” campaign at a press conferencee Monday. “We cannot take our eye off thenursingv demand.” The campaign’s goal is to add 1,500 new nursinyg students. The program has raised $15.54 million to date through the state’xs business community, including funds from the Baltimorew constructionform , , the region's largesf hospital system, and , the region'e largest health insurer. Greater Baltimore Medica Center, for example, gave $500,000.
The goal is to raisw $20 million from the private sector by the end of the and then raise anaddition $40 milliom in state, local and federal funds. • • • • • ; and, • .
The grants, being divvied among 17 Marylandnursing schools, will be used to lure faculty and and improve technology at the universities. Maryland’s nursin g shortage is expected toreachg 10,000 by 2016, according to the . The current vacancy rate of nurses at statde hospitals is8 percent. The economic downturn has helpeed the industry because many retired nurses have come backto work, but once the recessioh ends the shortage will worsen, said Carmela Coyle, CEO of the Marylansd Hospital Association. The first round of grantw will increase the number of nurse s graduating by 300 students and add 20 faculty positionws at nursing programs acrosdthe state.
“The number of nurses graduating from Marylandf schools are simplynot enough,” said Ronald B. Peterson, president of and co-chaie of the “Who Will Care?” campaign at a press conferencee Monday. “We cannot take our eye off thenursingv demand.” The campaign’s goal is to add 1,500 new nursinyg students. The program has raised $15.54 million to date through the state’xs business community, including funds from the Baltimorew constructionform , , the region's largesf hospital system, and , the region'e largest health insurer. Greater Baltimore Medica Center, for example, gave $500,000.
The goal is to raisw $20 million from the private sector by the end of the and then raise anaddition $40 milliom in state, local and federal funds. • • • • • ; and, • .
Monday, October 24, 2011
Mighty wind - Boston Business Journal:
xoqylyjibo.wordpress.com
As Jim Gordon and Cape Wind have been enmesherd in an endless regulatory battle to builcda large-scale wind farm in Nantucket Sound, there’sw been a side story across the state. Smaller wind developer have hit regulatory turbulenceas well, small-timed versions of the nimbyism that has slowed Cape Wind. Developera easily have gotten caught inregulatorhy cobwebs, especially on the local By establishing regional wind siting boards, the proposal would streamline the permitting process for Thus, the Hoosac Wind project, whicj has been bogged down for eight yearse in permitting, might be generating power by now. The state has a goal of generatinbg 2,000 megawatts of wind power by 2020.
If this bill goes it will at leasft have afighting chance.
As Jim Gordon and Cape Wind have been enmesherd in an endless regulatory battle to builcda large-scale wind farm in Nantucket Sound, there’sw been a side story across the state. Smaller wind developer have hit regulatory turbulenceas well, small-timed versions of the nimbyism that has slowed Cape Wind. Developera easily have gotten caught inregulatorhy cobwebs, especially on the local By establishing regional wind siting boards, the proposal would streamline the permitting process for Thus, the Hoosac Wind project, whicj has been bogged down for eight yearse in permitting, might be generating power by now. The state has a goal of generatinbg 2,000 megawatts of wind power by 2020.
If this bill goes it will at leasft have afighting chance.
Saturday, October 22, 2011
Matrixx must refile Zicam application; stock plummets 70 percent - Triangle Business Journal:
ibitasony.wordpress.com
The news sent sharese plummeting nearly 70 percentor $13.4t cents per share to close at $5.77 Tuesday. Matrixx must file a new applicatiob with the FDA for its Zicam Cold Remedy Nasal Gel and Zicam Cold RemedytGel Swab. The FDA said thosr products must contain warnings of the risk of possible which is lossof smell, said Siobhan DeLancey, spokeswoman for the FDA. “Thety are to stop marketing the products,” she “They have to provide us with a plan forinventory that’s already out there. If they want to continue marketinghthis product, they need to bring us a new drug applicatio n with studies and data to provde safety and efficacy.
” Matrixx officials did not return telephone but in an announcement said: “The companyy believes the FDA action is unwarranted and is in the proces of determining its response, whichb may include removing these productse from the marketplace,” the statement said. “These productsd constituted approximately 40 percent ofthe company’ s net sales in 2009.” DeLancey said the FDA does not have the authorituy to tell companies to recall their products. “Alk recalls are voluntary by the company,” she said. we tell the company we have a concern and they usuallhy work with us and do avoluntary recall.
” Matrixx’zs stock (Nasdaq:MTXX) closed at $5.78 on June 16. That set a new low for the company’a 52-week range, which had been trading near the $19.74 For the fiscal year endedsMarch 31, Matrixx reported $13.8 millionb in net income on $112 million in net up from $10.4 million in net incomee on $101 million in net sales a year ago.
The news sent sharese plummeting nearly 70 percentor $13.4t cents per share to close at $5.77 Tuesday. Matrixx must file a new applicatiob with the FDA for its Zicam Cold Remedy Nasal Gel and Zicam Cold RemedytGel Swab. The FDA said thosr products must contain warnings of the risk of possible which is lossof smell, said Siobhan DeLancey, spokeswoman for the FDA. “Thety are to stop marketing the products,” she “They have to provide us with a plan forinventory that’s already out there. If they want to continue marketinghthis product, they need to bring us a new drug applicatio n with studies and data to provde safety and efficacy.
” Matrixx officials did not return telephone but in an announcement said: “The companyy believes the FDA action is unwarranted and is in the proces of determining its response, whichb may include removing these productse from the marketplace,” the statement said. “These productsd constituted approximately 40 percent ofthe company’ s net sales in 2009.” DeLancey said the FDA does not have the authorituy to tell companies to recall their products. “Alk recalls are voluntary by the company,” she said. we tell the company we have a concern and they usuallhy work with us and do avoluntary recall.
” Matrixx’zs stock (Nasdaq:MTXX) closed at $5.78 on June 16. That set a new low for the company’a 52-week range, which had been trading near the $19.74 For the fiscal year endedsMarch 31, Matrixx reported $13.8 millionb in net income on $112 million in net up from $10.4 million in net incomee on $101 million in net sales a year ago.
Thursday, October 20, 2011
FBI's Rape Definition for Crime Statistics Should Be Broader, Advisers Say - Bloomberg
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FBI's Rape Definition for Crime Statistics Should Be Broader, Advisers Say Bloomberg The current definition includes only vaginal intercourse. If adopted, the new definition would more closely align the FBI's statistics with states' definitions of rape, said Carol Tracy, executive director of the Philadelphia-based Women's Law Project, ... |
Tuesday, October 18, 2011
Established area attracts tenants - Sydney Morning Herald
paramonaxogilozi.blogspot.com
Sydney Morning Herald | Established area attracts tenants Sydney Morning Herald Prime warehouses with office space, such as Preston Industrial, has been attracting blue-chip tenants. A BIG volume of industrial and commercial tenancies has been completed in the Dandenong industrial precinct. Crabtrees Real Estate agent Tony Aminian ... |
Sunday, October 16, 2011
Crescent Resources files Chapter 11 - San Francisco Business Times:
ukatekexo.wordpress.com
The Charlotte-based development firm’s chief executive, Arthu Fields, has retired and will work with Crescentt in anadvisory capacity, the company says. Andrew Crescent’s chief restructuring officer, has been named CEO. “Wer have been in active discussions with our lenderzs and other stakeholders as we work towards an agreement that will bring our capital structure in line with the curren teconomic environment,” Hede says. Crescent has more than 5,000 according to its filing. Its assets are estimated at morethan $1 The local projects listed in the Chapter 11 filintg include Piedmont Row and The Sanctuary at Lake Wylie.
Crescent says it intendss to operate its continuinb businesses without any significant interruption during therestructuring process. The compan y says that’s possible because of a recentlyobtained debtor-in-possessiobn financing facility of $110 million from a group of its existingf lenders. As part of the Chaptet 11 filing, Crescent says it seeks court approval “to make certaib payments and to maintain key agreementswith employees, vendors and partners of continuing operations to ensure the compan y can maintain its commitment to delivering a high level of amenitie and services.
” Crescent says the filing is necessary to reorganizse its finances, reduce its debt levell and improve its capitakl structure. “We intend to reach an agreement on our new capital structure and emerge from bankruptcy Hede says. The Chapter 11 petitions were file inthe U.S. Bankruptcy Court in the Western District of Austin division. The company has 120 days from the filin g date to submit areorganizatiomn plan. A hot line has been set up as part of the Crescenty restructuringat (877) Attorney Eric Taube of LLP in Austin, Texas, will represeny Crescent in the proceedings. (NYSE:BAC), , Ranger Construction Co.
, and are amonbg Crescent’s largest unsecured creditors in Charlotte. In the Charlotte Business Journal reported that Crescenty had adopted an aggressive new business strategy driven bya $1.2 billiomn term loan that must be paid in full by Septemberf 2012 — selling assets at fire-sale prices. In Crescent sold 4,500 acresx in Berkeley County, S.C., to for $40 million. In December, the companh sold a Florida apartment projectfor $11.35 less than half the $27 million it paid for the comple x three years earlier. This year, the firm has closer on the sale ofa 773-acre tract of land in Oconere County, S.C., for just over $10 million. Crescent recently sold 18.
4 acres in Fort Mill to a warehousinh companyfor $1.6 million. The companyu — jointly owned by and — is best knowhn here for high-end real estate communities such as The Peninsulza and BallantyneCountry Club. Before the Chapter 11 filing, Crescenf faced payments of $50 million by the end of this $75 million in 2010 and $100 millionn in 2011 on its Duke (NYSE:DUK) formed Crescent in 1969 to develop propertuy it acquired through its core utility businesxs thatit didn’t need for powerf generation. In September 2006, Duke entered into a joinrt venture with Morgan StanleyReal Estate.
Morgamn paid Duke $415 million in cash and assumefd $656 million in debt for its stakre inthe company, then worth $2.1 billion. As part of the transactiomn Crescentborrowed $1.2 billionm and distributed the proceed s to Duke to transfer the debt off Duke’sa balance sheet. Duke and Morganh Stanley each have a 49 percent stakerin Crescent. The remaining 2 percen t interest inCrescent — which would have been worthh $42 million when the deal closed was issued to former CEO The disposition of that interest will be determined through the reorganization proceedings, accordinb to a spokesman for Crescent.
Duke no longer reportds Crescent’s financial results, but its own filings, and those from Morgan Stanley, shed light on Crescent’s financial For 2008, Crescent lost about $470 of which Duke sufferedf about $230 million in according to filings. In the first quarter of this Crescent cost Duke and Morgan Stanlehabout $150 million in direc t losses and loan The energy company has guaranteed abou t $100 million in surety bonds for Crescent, for which it has paid out at leasrt $33 million.
Duke pegs its tota exposure atabout $40 million for the Crescent is active in commercial and residential real estatde development and land management across the Southeast and Southwest, with interestas in 10 states. Crescent’s portfolio includes mixed-usw developments, business and industrial country-club communities, single-family neighborhoods and apartment and condo In thelate 1980s, Crescenft expanded into developments such as The its first country-club community and Coliseum Centre, its firsr office park. The companyg developed Sugarloaf Country Club near Atlanta inthe mid-1990s.
Developmentsw that followed include Ballantyne and The Crescent also expandedinto Texas, Arizon and Florida. Last year, Crescent introduced its Circl e apartment communities and is developing two of them in theCharlotted region. The company has 38 residentiap communities under development inthe Carolinas, Georgia, Florida and Arizona, and is currently building 1,20 apartment units. It also owns 75,0090 acres of land. Crescent has 264 employees.
The Charlotte-based development firm’s chief executive, Arthu Fields, has retired and will work with Crescentt in anadvisory capacity, the company says. Andrew Crescent’s chief restructuring officer, has been named CEO. “Wer have been in active discussions with our lenderzs and other stakeholders as we work towards an agreement that will bring our capital structure in line with the curren teconomic environment,” Hede says. Crescent has more than 5,000 according to its filing. Its assets are estimated at morethan $1 The local projects listed in the Chapter 11 filintg include Piedmont Row and The Sanctuary at Lake Wylie.
Crescent says it intendss to operate its continuinb businesses without any significant interruption during therestructuring process. The compan y says that’s possible because of a recentlyobtained debtor-in-possessiobn financing facility of $110 million from a group of its existingf lenders. As part of the Chaptet 11 filing, Crescent says it seeks court approval “to make certaib payments and to maintain key agreementswith employees, vendors and partners of continuing operations to ensure the compan y can maintain its commitment to delivering a high level of amenitie and services.
” Crescent says the filing is necessary to reorganizse its finances, reduce its debt levell and improve its capitakl structure. “We intend to reach an agreement on our new capital structure and emerge from bankruptcy Hede says. The Chapter 11 petitions were file inthe U.S. Bankruptcy Court in the Western District of Austin division. The company has 120 days from the filin g date to submit areorganizatiomn plan. A hot line has been set up as part of the Crescenty restructuringat (877) Attorney Eric Taube of LLP in Austin, Texas, will represeny Crescent in the proceedings. (NYSE:BAC), , Ranger Construction Co.
, and are amonbg Crescent’s largest unsecured creditors in Charlotte. In the Charlotte Business Journal reported that Crescenty had adopted an aggressive new business strategy driven bya $1.2 billiomn term loan that must be paid in full by Septemberf 2012 — selling assets at fire-sale prices. In Crescent sold 4,500 acresx in Berkeley County, S.C., to for $40 million. In December, the companh sold a Florida apartment projectfor $11.35 less than half the $27 million it paid for the comple x three years earlier. This year, the firm has closer on the sale ofa 773-acre tract of land in Oconere County, S.C., for just over $10 million. Crescent recently sold 18.
4 acres in Fort Mill to a warehousinh companyfor $1.6 million. The companyu — jointly owned by and — is best knowhn here for high-end real estate communities such as The Peninsulza and BallantyneCountry Club. Before the Chapter 11 filing, Crescenf faced payments of $50 million by the end of this $75 million in 2010 and $100 millionn in 2011 on its Duke (NYSE:DUK) formed Crescent in 1969 to develop propertuy it acquired through its core utility businesxs thatit didn’t need for powerf generation. In September 2006, Duke entered into a joinrt venture with Morgan StanleyReal Estate.
Morgamn paid Duke $415 million in cash and assumefd $656 million in debt for its stakre inthe company, then worth $2.1 billion. As part of the transactiomn Crescentborrowed $1.2 billionm and distributed the proceed s to Duke to transfer the debt off Duke’sa balance sheet. Duke and Morganh Stanley each have a 49 percent stakerin Crescent. The remaining 2 percen t interest inCrescent — which would have been worthh $42 million when the deal closed was issued to former CEO The disposition of that interest will be determined through the reorganization proceedings, accordinb to a spokesman for Crescent.
Duke no longer reportds Crescent’s financial results, but its own filings, and those from Morgan Stanley, shed light on Crescent’s financial For 2008, Crescent lost about $470 of which Duke sufferedf about $230 million in according to filings. In the first quarter of this Crescent cost Duke and Morgan Stanlehabout $150 million in direc t losses and loan The energy company has guaranteed abou t $100 million in surety bonds for Crescent, for which it has paid out at leasrt $33 million.
Duke pegs its tota exposure atabout $40 million for the Crescent is active in commercial and residential real estatde development and land management across the Southeast and Southwest, with interestas in 10 states. Crescent’s portfolio includes mixed-usw developments, business and industrial country-club communities, single-family neighborhoods and apartment and condo In thelate 1980s, Crescenft expanded into developments such as The its first country-club community and Coliseum Centre, its firsr office park. The companyg developed Sugarloaf Country Club near Atlanta inthe mid-1990s.
Developmentsw that followed include Ballantyne and The Crescent also expandedinto Texas, Arizon and Florida. Last year, Crescent introduced its Circl e apartment communities and is developing two of them in theCharlotted region. The company has 38 residentiap communities under development inthe Carolinas, Georgia, Florida and Arizona, and is currently building 1,20 apartment units. It also owns 75,0090 acres of land. Crescent has 264 employees.
Friday, October 14, 2011
Human Capital: People on the move, Apr. 30 - Boston Business Journal:
http://www.efkoli.com/0/posts/3-Dating/6-M-W/
taps trio of execs to fill operations, marketing and salesw posts Virtify Inc. , a Cambridge-basedd provider of enterprise content compliance software productsz forlife sciences, added Stephen Bergsonn as executive vice president of commercial Bergson is a former and Capgemini executive. Virtif y also added Dwight Galler as seniot director of marketing and Michael Engro as regional directorof sales. Pechinksy joina CHA Malden Family Medicine Centerr added Geoffrey Pechinksy to the staff of the CHA Malden Family MedicineCenter . He previouslyy oversaw primary care services atthe U.S. Naval Hospitalk in Rota, Spain.
taps trio of execs to fill operations, marketing and salesw posts Virtify Inc. , a Cambridge-basedd provider of enterprise content compliance software productsz forlife sciences, added Stephen Bergsonn as executive vice president of commercial Bergson is a former and Capgemini executive. Virtif y also added Dwight Galler as seniot director of marketing and Michael Engro as regional directorof sales. Pechinksy joina CHA Malden Family Medicine Centerr added Geoffrey Pechinksy to the staff of the CHA Malden Family MedicineCenter . He previouslyy oversaw primary care services atthe U.S. Naval Hospitalk in Rota, Spain.
Tuesday, October 11, 2011
Amelia Lily likens cruel X Factor exit to 'having your heart ripped out' - Metro
vuwodu.wordpress.com
Metro | Amelia Lily likens cruel X Factor exit to 'having your heart ripped out' Metro Amelia's mother Aranka Oliver said: 'What's happened is so cruel, it's disgusting. We are very upset by it » |
Sunday, October 9, 2011
Commercial Real Estate Week - Orlando Business Journal:
soileauifyyfa1786.blogspot.com
Lured by incentives from the counthand state, Capital Lighting and Supply, which provides electrical products and lighting in the mid-Atlanti region, will move its corporate office from Alexandria to a 200,000-square-foott facility at Eastgate Business near the interchange of Pennsylvania Avenue and Interstatre 495 not far from . Construction on the which will also serve asthe company's centralo distribution center, will begin soon, with completionm slated for mid-2007. The central distributioh center currently is at Newington inFairfaxd County.
The company has 95 employees there and about 40 in Many of those are expected to stay withCapitao Lighting, which has plans to create 95 additionaol jobs. The company scouted locationx throughout Marylandand Virginia. "We were very aggressivs in working with them to identify saysKwasi Holman, CEO of the Prince George'ds County Economic Development Corp. "We have available land and excellent Capital Lightingand Supply, which has 20 branchesx throughout Maryland and Virginia, expects to add six to eigh t more branches in Maryland over the next five years, according to Prince George'z officials.
"The economic expansion that is taking plac in the county creates an excellent climate forour long-terjm goals and growth," CEO John Hardt says in a statement. Capital Lighting joina other companies moving toPrince George'w for its sizable labor reasonable real estate prices and other amenities, regional economists say. "oI think the world is moving in aPrince George'se County kind of way," says Anirbamn Basu, chairman and CEO of Baltimore-baseds Sage Policy Group, an economicc consulting firm. Hillside Holdings to build $8.
5M retai l center near Quantico baseA Reston-based developer is adding retail to a growing commercial park near the Quantico base in Princr William County. Hillside Holdingas will developa five-building, 27,500-square-foot retail project in the Quanticoi Center complex at the juncture of Routre 234 and Interstate 95 in Dumfries. The $8.5 millioh project will include stand-alone pad sites for a restaurantand bank, along with a collection of smalled users in the other buildings, says Mark Larsen, a partnet in the project with Rob Seidel and Dariio Davies.
No tenants have been signed, but Larsenj says he has several prospects for the bank andrestauranf sites, which are in high demand becauswe of the government contractors flowing toward Quantico's fringes. Larsenb hopes to break ground on the site by July and complete the buildingd by the endof 2007. He wouldn't identifg potential tenants but says, "They'll be household The 60-acre Quantico Center complex, developed by D.C.-based Standar d Development, is anchored by a pair of 52,000-square-foot office buildings.
One buildin already houses divisions of government contractorsand California-basedd , and the shell of the second building is ready for interio fitting for tenants, says Jay president of Quantico Center's Manassas-based . Norman Realtyu has a letter of intent from an unidentified tenantrfor "a substantial portion" of the second Norman says. The tenant is a defense contractor, he declining to identify the Elsewhere atQuantico Center, a 107-room is expected to open in earlhy 2007, and Reston-based Jonas B. Cooks Interests is close to finishing threed speculative office buildings with a totalof 51,600 squaree feet at the development.
Standard Developmenyt recently acquired a parcel that neighborzQuantico Center, and the developer is planning a 100,000-square-foot officde building there, Norman says. Spaulding & Slye, Bozzuto finalizew plans for Metro Plaza in Wheaton have completed theire plans to build Metro Plazaq atWheaton Square, a mixed-use developmentf in downtown Wheaton. The on a 3-acre site at the southwestf corner of Georgia Avenue and Reedle Drivwe adjacent to theMetrpo station, is tentatively slated to have a 500,000-square-foot offices tower with street-level The developers are looking for build-to-suit tenants, says Art Frye, seniodr vice president at Spaulding Slye Investments.
The design and construction of the buildingb would depend on theprospective clients' There's no price tag yet for the project.
Lured by incentives from the counthand state, Capital Lighting and Supply, which provides electrical products and lighting in the mid-Atlanti region, will move its corporate office from Alexandria to a 200,000-square-foott facility at Eastgate Business near the interchange of Pennsylvania Avenue and Interstatre 495 not far from . Construction on the which will also serve asthe company's centralo distribution center, will begin soon, with completionm slated for mid-2007. The central distributioh center currently is at Newington inFairfaxd County.
The company has 95 employees there and about 40 in Many of those are expected to stay withCapitao Lighting, which has plans to create 95 additionaol jobs. The company scouted locationx throughout Marylandand Virginia. "We were very aggressivs in working with them to identify saysKwasi Holman, CEO of the Prince George'ds County Economic Development Corp. "We have available land and excellent Capital Lightingand Supply, which has 20 branchesx throughout Maryland and Virginia, expects to add six to eigh t more branches in Maryland over the next five years, according to Prince George'z officials.
"The economic expansion that is taking plac in the county creates an excellent climate forour long-terjm goals and growth," CEO John Hardt says in a statement. Capital Lighting joina other companies moving toPrince George'w for its sizable labor reasonable real estate prices and other amenities, regional economists say. "oI think the world is moving in aPrince George'se County kind of way," says Anirbamn Basu, chairman and CEO of Baltimore-baseds Sage Policy Group, an economicc consulting firm. Hillside Holdings to build $8.
5M retai l center near Quantico baseA Reston-based developer is adding retail to a growing commercial park near the Quantico base in Princr William County. Hillside Holdingas will developa five-building, 27,500-square-foot retail project in the Quanticoi Center complex at the juncture of Routre 234 and Interstate 95 in Dumfries. The $8.5 millioh project will include stand-alone pad sites for a restaurantand bank, along with a collection of smalled users in the other buildings, says Mark Larsen, a partnet in the project with Rob Seidel and Dariio Davies.
No tenants have been signed, but Larsenj says he has several prospects for the bank andrestauranf sites, which are in high demand becauswe of the government contractors flowing toward Quantico's fringes. Larsenb hopes to break ground on the site by July and complete the buildingd by the endof 2007. He wouldn't identifg potential tenants but says, "They'll be household The 60-acre Quantico Center complex, developed by D.C.-based Standar d Development, is anchored by a pair of 52,000-square-foot office buildings.
One buildin already houses divisions of government contractorsand California-basedd , and the shell of the second building is ready for interio fitting for tenants, says Jay president of Quantico Center's Manassas-based . Norman Realtyu has a letter of intent from an unidentified tenantrfor "a substantial portion" of the second Norman says. The tenant is a defense contractor, he declining to identify the Elsewhere atQuantico Center, a 107-room is expected to open in earlhy 2007, and Reston-based Jonas B. Cooks Interests is close to finishing threed speculative office buildings with a totalof 51,600 squaree feet at the development.
Standard Developmenyt recently acquired a parcel that neighborzQuantico Center, and the developer is planning a 100,000-square-foot officde building there, Norman says. Spaulding & Slye, Bozzuto finalizew plans for Metro Plaza in Wheaton have completed theire plans to build Metro Plazaq atWheaton Square, a mixed-use developmentf in downtown Wheaton. The on a 3-acre site at the southwestf corner of Georgia Avenue and Reedle Drivwe adjacent to theMetrpo station, is tentatively slated to have a 500,000-square-foot offices tower with street-level The developers are looking for build-to-suit tenants, says Art Frye, seniodr vice president at Spaulding Slye Investments.
The design and construction of the buildingb would depend on theprospective clients' There's no price tag yet for the project.
Friday, October 7, 2011
Dean Foods to relocate corporate office - Nashville Business Journal:
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Dallas-based Dean (NYSE: DF) will relocate from its currenyt location at 2515McKinney Ave. into 240,000 square feet of space inside Cityplace. The move is expecte to take place in the first quarte rof 2010. "We are pleased to be able to relocate our officees within Dallascity limits. Many factors workedc in our favor, including the real estate market, spacw availability and other economicd elements," said Gregg Engles, chairman of the boarsd and chief executive officer ofDean "The City of Dallas is our home, and we are pleaseed to remain here and continue our many civiv and community partnerships.
" Dean said in a statement it is movinvg because the company has outgrown its curreny workspace, and new space is needed to address the company’ s changing needs. The lease will take occupancty at Cityplace to about 80 percent from about 60perceny now, said Sarah Payne, vice president at Stream Realty Partners, whichg handles leasing in the building. Employees will begi moving in December and the move will be phasedr inthrough March, Payne said. "Thiws was a huge win for the City of Dallasx to keep them in the because they lookedall over," Payne said.
She said Dean Foodsd considered existing spaceand build-to-suits in the Legacy/Friscok area, as well as othert buildings downtown. Brokers familiar with the search said Dean Foodes considered Fountain Place and Bank of America Plazs among other downtown buildings with significant squarerfootage available. The asking lease rate for space in Cityplaceis $24 per square foot, plus Dean Foods will occupy floors 34 through 40 in the 1.2-million-square-foot building. Dean Foods occupies about 150,000 square feet at its currenrt location.
Dallas-based Dean (NYSE: DF) will relocate from its currenyt location at 2515McKinney Ave. into 240,000 square feet of space inside Cityplace. The move is expecte to take place in the first quarte rof 2010. "We are pleased to be able to relocate our officees within Dallascity limits. Many factors workedc in our favor, including the real estate market, spacw availability and other economicd elements," said Gregg Engles, chairman of the boarsd and chief executive officer ofDean "The City of Dallas is our home, and we are pleaseed to remain here and continue our many civiv and community partnerships.
" Dean said in a statement it is movinvg because the company has outgrown its curreny workspace, and new space is needed to address the company’ s changing needs. The lease will take occupancty at Cityplace to about 80 percent from about 60perceny now, said Sarah Payne, vice president at Stream Realty Partners, whichg handles leasing in the building. Employees will begi moving in December and the move will be phasedr inthrough March, Payne said. "Thiws was a huge win for the City of Dallasx to keep them in the because they lookedall over," Payne said.
She said Dean Foodsd considered existing spaceand build-to-suits in the Legacy/Friscok area, as well as othert buildings downtown. Brokers familiar with the search said Dean Foodes considered Fountain Place and Bank of America Plazs among other downtown buildings with significant squarerfootage available. The asking lease rate for space in Cityplaceis $24 per square foot, plus Dean Foods will occupy floors 34 through 40 in the 1.2-million-square-foot building. Dean Foods occupies about 150,000 square feet at its currenrt location.
Wednesday, October 5, 2011
Minn. ballot question donors face state regulation - BusinessWeek
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Minn. ballot question donors face state regulation BusinessWeek The state's Campaign Finance and Public Disclosure Board approved a new "statement of guidance" on political spending for ballot measures that identifies some instances in which private donations to national groups trying to influence Minnesota ballot ... |
Monday, October 3, 2011
Google Takes Page From Sunday Newspaper With New 'Circulars' Ads - Bloomberg
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Search Engine Land | Google Takes Page From Sunday Newspaper With New 'Circulars' Ads Bloomberg The online-search giant is working with advertisers such as Best Buy Co. and Macy's Inc. (M) to create Web-based circulars, similar to the ad inserts included in newspapers. ... Google takes page from newspaper for circular ads Google Launching Interactive, Newspaper-esque Ads Google works with Best Buy on 'circular' ads |
Saturday, October 1, 2011
Pandora sings for web radio advertisers - San Francisco Business Times:
milicinodijoo1981.blogspot.com
Its service also lays the groundwor for fresh marketing initiatives that coulsdbenefit non-mainstream musicians, said Tim founder and chief strategy officer. Some 85 percent of advertisere are doing repeat businesswith Pandora, which recently predictedc that it could be profitable next year. This year’ s revenues are projected to double toabouf $40 million, Westergren said. The service has 27 milliob registered users, 10 million active a month, and is addingf 50,000 to 60,000 a day.
“We’re the biggest radii in almost everymarket already, and we’re doubling in size annually, so we’vwe been hiring fast and furiously to build up locapl ad salespeople,” Westergren said. Pandorza can target ads by demographics, genre, artisty and ZIP code. It can guarantee a specifix number of ad impressions because it deliverds the impressions only when a user has just takenban action, such as giving a thumbs-up to approvs a song choice.
The company this monthg began offeringan ad-free premium service for $36 a Santa Barbara-based home music system manufacturer ran a 30-day ad campaign targeting exclusivelyh IPhone users from mid-March to mid-April on and found the click-through rate to be “Far and away, it was the most successful campaig we’ve ever conducted,” said Sonos spokesmanj Thomas Meyer. Westergren said he decided to makehis company’s revenure public because advertisers had repeatedly questioned the company’sd health. Pandora has 135 employees, 30 of them hired last a dozen this and another dozen expected to be addede by the endof 2009.
Most employees are in the Oaklandd headquarters, and the company has officed inNew York, Los Angeles, Detroit and Boston. One reason Westergren feelz so optimistic is thata two-year battle with record companiees and artists over how much Internet radio services shoule pay in royalties may be , which collects royaltieas for copyright owners and is negotiating for the recorc labels, announced “a potential agreement” with Also, Pandora has been rapidly adoptef by IPhone and Blackberry users 5 million in 11 months, about 1 million afterd two months respectively.
Now that Pandorq is solid, Westergren wants to develop tools tohelp non-mainstream musicians get For example, Pandora’s user preference data can be plotted on a map for an artis t to decide where to Pandora could also send emails to fans alerting them to an upcomingf show and offering tickets or merchandiswe for sale. Seventy percent of the 650,000 songs in Pandora’s libraryu are from artists not signexd to arecord label, he said.
“We give access and promotion to this huge sea of reallhy talented but otherwiseinvisible artists,” Westergren
Its service also lays the groundwor for fresh marketing initiatives that coulsdbenefit non-mainstream musicians, said Tim founder and chief strategy officer. Some 85 percent of advertisere are doing repeat businesswith Pandora, which recently predictedc that it could be profitable next year. This year’ s revenues are projected to double toabouf $40 million, Westergren said. The service has 27 milliob registered users, 10 million active a month, and is addingf 50,000 to 60,000 a day.
“We’re the biggest radii in almost everymarket already, and we’re doubling in size annually, so we’vwe been hiring fast and furiously to build up locapl ad salespeople,” Westergren said. Pandorza can target ads by demographics, genre, artisty and ZIP code. It can guarantee a specifix number of ad impressions because it deliverds the impressions only when a user has just takenban action, such as giving a thumbs-up to approvs a song choice.
The company this monthg began offeringan ad-free premium service for $36 a Santa Barbara-based home music system manufacturer ran a 30-day ad campaign targeting exclusivelyh IPhone users from mid-March to mid-April on and found the click-through rate to be “Far and away, it was the most successful campaig we’ve ever conducted,” said Sonos spokesmanj Thomas Meyer. Westergren said he decided to makehis company’s revenure public because advertisers had repeatedly questioned the company’sd health. Pandora has 135 employees, 30 of them hired last a dozen this and another dozen expected to be addede by the endof 2009.
Most employees are in the Oaklandd headquarters, and the company has officed inNew York, Los Angeles, Detroit and Boston. One reason Westergren feelz so optimistic is thata two-year battle with record companiees and artists over how much Internet radio services shoule pay in royalties may be , which collects royaltieas for copyright owners and is negotiating for the recorc labels, announced “a potential agreement” with Also, Pandora has been rapidly adoptef by IPhone and Blackberry users 5 million in 11 months, about 1 million afterd two months respectively.
Now that Pandorq is solid, Westergren wants to develop tools tohelp non-mainstream musicians get For example, Pandora’s user preference data can be plotted on a map for an artis t to decide where to Pandora could also send emails to fans alerting them to an upcomingf show and offering tickets or merchandiswe for sale. Seventy percent of the 650,000 songs in Pandora’s libraryu are from artists not signexd to arecord label, he said.
“We give access and promotion to this huge sea of reallhy talented but otherwiseinvisible artists,” Westergren
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