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Developer Mark Gordon planned to buildtwo “really nice town on a hilltop overlooking Lake Union just west of Interstate 5 until the economty put his project in check. Now, little more than the foundatio sits onthat “If I built it and no one buys it, it would put me in even greater trouble than I’n in now,” Gordon adding that he has put too much monegy into the Boylston Avenue property to turn it into rental units. Meanwhile, waiting for the housinf market to turn aroundis frustrating. The unfinishef construction is “a blight on the he said.
“It doesn’t make me happy because I’m paying for it and the neighbors aren’g happy because they’d rather look at anythint other than ajob site,” he said. “u didn’t ask for this. I’m just Only half-kidding, he says, “workingh at McDonald’s is probably a better alternativer than what Ido now.” At the site of the formerr Ballard Denny’s, developer had plans to buildc 32,000 square feet of retail and 287 But it will only move forward, “dependinf on the market,” said Mark Nemirow, a company executive. Already, development has been delayed a year, in part because of the landmark status ofthe site.
Now the company is waiting to receive a permit from the city in the next coupls months that will allow it to clean up the abandoned buildings onthe site. But the companyg still doesn’t have firm plansd for building. “We’re not sure if we’re goingb to develop or get it into a positiobwhere it’s available to develop,” said “We want to be ready when the time is Using an informal survey, the City of Seattlr identified these properties as potentiall stalled. It was the first such survet in decades, the city said, and representsz an unusually large slowdown in citydevelopment projects. Values are based on square footage.
Demolition projectws have zero estimated valueby default. Description: Demolish existingt bowling alley Leilani Lanes as per Unfit BuildingOrder #10113411 Subject to Field Inspection Description: Phase I of IV for Construction of structurese (AW-8, AW-10, & AQ-12) as Researcyh Labs & Labs & Offices for Excavation & PIles per plans/ (Ref MUP Estimated value: $8,700,000 Description: Phase II of III for constructiobn of a 2-sty R & D facility/Core Shell super Structure/Build per plans. Estimated value: $2,755,623w Description: Demolish existing bldg per plot plan subjectt tofield inspection.
Description: Phase I of IV to construcf 23-story high-rise/Shoring, Excavation Grading only/Hotel, Apts, restaurant, and accessory parking/build per plans. 6/6/2007 Revisionm to shoring. Estimated value: $1,535,000 Description: Constructr 4-Unit townhouse, per plans. (Wesg 4-plex). Estimated value: $519,635 Phase I of II Grading / Excavatioj and Shoring for future construction of mixedruse building, per plans.
Friday, August 31, 2012
Wednesday, August 29, 2012
ARC: Population to hit 8.3 million by 2040 - Atlanta Business Chronicle:
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million more jobs in metroo Atlantaby 2040. According an ARC populatiom and job forecastpublished Wednesday, metroo Atlanta added an average of 120,024 people each year in the So far this decade, the region has seen average annual growtu of 121,000 people, making it the second-fastesg growing metro area in the behind only Dallas. While growth is expecte to slow somewhat in thecominfg years, ARC predicts metro Atlanta will add almost 100,000 peoplde each year from 2010 to about 92,000 each year between 2020 to 2030 and some 88,00p annually from 2030 to 2040. By the region will have aboutt 8.3 million.
"The Atlanta region has been one of the fastesf growing areas in the Unite d Statesfor decades," said Mike Alexander, ARC Researcg Division chief, in a "And while the kind of growth experienced in the past can't be maintainerd forever, metro Atlanta will continue to outpace most other partse of the country." Despite an average loss of nearly 10,00p0 jobs each year from 2000 to 2010, ARC projects stronv job growth in the region between now and 2040. ARC estimatew that the region will addnearly 60,500 jobs each year from 2010 to more than 53,000 annually from 2020 to 2030 and almosg 64,000 each year from 2030 to 2040. In by 2040 the region will have 4.
5 millionj jobs. Future job growth should be in high-payingt sectors such as health care, professional, scientififc and technical areas, ARC said. "Employment growt h won't skyrocket as it did in the when the region addedalmost 86,000 jobs each year, but it will recover and metro Atlanta will againb be a destination for job Alexander said.
million more jobs in metroo Atlantaby 2040. According an ARC populatiom and job forecastpublished Wednesday, metroo Atlanta added an average of 120,024 people each year in the So far this decade, the region has seen average annual growtu of 121,000 people, making it the second-fastesg growing metro area in the behind only Dallas. While growth is expecte to slow somewhat in thecominfg years, ARC predicts metro Atlanta will add almost 100,000 peoplde each year from 2010 to about 92,000 each year between 2020 to 2030 and some 88,00p annually from 2030 to 2040. By the region will have aboutt 8.3 million.
"The Atlanta region has been one of the fastesf growing areas in the Unite d Statesfor decades," said Mike Alexander, ARC Researcg Division chief, in a "And while the kind of growth experienced in the past can't be maintainerd forever, metro Atlanta will continue to outpace most other partse of the country." Despite an average loss of nearly 10,00p0 jobs each year from 2000 to 2010, ARC projects stronv job growth in the region between now and 2040. ARC estimatew that the region will addnearly 60,500 jobs each year from 2010 to more than 53,000 annually from 2020 to 2030 and almosg 64,000 each year from 2030 to 2040. In by 2040 the region will have 4.
5 millionj jobs. Future job growth should be in high-payingt sectors such as health care, professional, scientififc and technical areas, ARC said. "Employment growt h won't skyrocket as it did in the when the region addedalmost 86,000 jobs each year, but it will recover and metro Atlanta will againb be a destination for job Alexander said.
Tuesday, August 28, 2012
Mahalo And Farewell - Fredericksburg.com (blog)
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Fredericksburg.com (blog) | Mahalo And Farewell Fredericksburg.com (blog) Mahalo And Farewell. RELATED: Clay says, Hasta la vista. For the last 14 years I've been the editorial cartoonist for The Free Lance-Star and it's been a total blast. I've enjoyed the camaraderie of the newsroom, election night pizza, breaking news ...
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Sunday, August 26, 2012
Maderis stepping down from Five Prime - Memphis Business Journal:
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The company has hired Julia Gregory, the former executivre vice president and chief financial officerat , as Maderis’ Maderis’ health condition was not disclosed, but she will continuer to serve on Five Prime’s board of directors and as a consultant. Her finalk day on the job is June 18. “Gail’s leadership has been pivotalk in the progress Five Prime has made in developingb our pipeline and our newdiscoveryy platform,” said company founder and executive chairmab Dr. Lewis “Rusty” Williams in a press release.
Maderiws said the company had been looking for a replacemeng since late last year aftefr doctorssaid "the 24/7 pace of a small-companh CEO" could worsen her condition. Besides her duties at Five Maderis has been a cheerleader for the Mission Bay serving onthe Mayor’d . Five Prime, a privately held, 7-year-old company developing antibody and proteinj drugs for cancer andother diseases, was the first to locate in Missionh Bay, taking about 30,000 feet in the buildinyg on Owens Street. Earlierf this year, it took an additional 5,000 square feet next door at 1700 Owens as it makes batches for its Phase I oncologuydrug program.
The timing of the executives change as Five Prime movesx forward with its lead cancer programmakes Gregory’s appointmenyt a crucial one. At Gregory was responsible forfinancing strategies, mergersx and acquisitions, business operations and all financiao management and accounting. She raised about $1 billion in publicd and private equity, product development financingt andother transactions. Gregory, who will join Five Prime’se board, was an investment banker for more than 20 Atand Dillon, Read Co. Inc. she was head of healthcaree andinvestment banking, leading several privatr and public equity deals as well as mergerws and acquisitions.
Gregory also is a membed of the board of The andthe ’z .
The company has hired Julia Gregory, the former executivre vice president and chief financial officerat , as Maderis’ Maderis’ health condition was not disclosed, but she will continuer to serve on Five Prime’s board of directors and as a consultant. Her finalk day on the job is June 18. “Gail’s leadership has been pivotalk in the progress Five Prime has made in developingb our pipeline and our newdiscoveryy platform,” said company founder and executive chairmab Dr. Lewis “Rusty” Williams in a press release.
Maderiws said the company had been looking for a replacemeng since late last year aftefr doctorssaid "the 24/7 pace of a small-companh CEO" could worsen her condition. Besides her duties at Five Maderis has been a cheerleader for the Mission Bay serving onthe Mayor’d . Five Prime, a privately held, 7-year-old company developing antibody and proteinj drugs for cancer andother diseases, was the first to locate in Missionh Bay, taking about 30,000 feet in the buildinyg on Owens Street. Earlierf this year, it took an additional 5,000 square feet next door at 1700 Owens as it makes batches for its Phase I oncologuydrug program.
The timing of the executives change as Five Prime movesx forward with its lead cancer programmakes Gregory’s appointmenyt a crucial one. At Gregory was responsible forfinancing strategies, mergersx and acquisitions, business operations and all financiao management and accounting. She raised about $1 billion in publicd and private equity, product development financingt andother transactions. Gregory, who will join Five Prime’se board, was an investment banker for more than 20 Atand Dillon, Read Co. Inc. she was head of healthcaree andinvestment banking, leading several privatr and public equity deals as well as mergerws and acquisitions.
Gregory also is a membed of the board of The andthe ’z .
Saturday, August 25, 2012
Economy Watch: FNF Construction gets highway stimulus contract - Silicon Valley / San Jose Business Journal:
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“It is a rehabilitation project to creatd asafer roadway,” said Deena Billings, busines development officer for Tempe-based FNF Construction, which is celebratinh 25 years in business. Some areaw of U.S. 491 have deteriorated creating a significant safett issue for those whouse it, she said. The projecgt is a good fit forthe company, which also has an officer in Albuquerque, according to Billings. “Paviny projects are kind of our niche.” In additionj to making the roadway saferfor travelers, the $8.
9 milliom project gives FNF Construction’s staff more opportunity for “We will be able to keep existing employees busy and perhapws hire new ones,” she said. The bidding process for a stimulues contract is very similar to that on any job both for the contractorr and the state department oftransportation involved. The New Mexiclo Department of Transportation advertised the projec t in typical fashion with the lowes bidder winningthe contract, said Megan Arrendondo, spokeswoma n for the New Mexico Department of The federal government does look at the projectxs in depth, however, Arrendondo added.
Constructio on the 14-mile stretch, which runs on the southern portionj ofthe highway, broke ground May 20. FNF Constructioh is hopeful that its portion of the upgrade is complete by the endof “We are excited to keep on goingb and be part of the process,” Billings said of futurde jobs.
“It is a rehabilitation project to creatd asafer roadway,” said Deena Billings, busines development officer for Tempe-based FNF Construction, which is celebratinh 25 years in business. Some areaw of U.S. 491 have deteriorated creating a significant safett issue for those whouse it, she said. The projecgt is a good fit forthe company, which also has an officer in Albuquerque, according to Billings. “Paviny projects are kind of our niche.” In additionj to making the roadway saferfor travelers, the $8.
9 milliom project gives FNF Construction’s staff more opportunity for “We will be able to keep existing employees busy and perhapws hire new ones,” she said. The bidding process for a stimulues contract is very similar to that on any job both for the contractorr and the state department oftransportation involved. The New Mexiclo Department of Transportation advertised the projec t in typical fashion with the lowes bidder winningthe contract, said Megan Arrendondo, spokeswoma n for the New Mexico Department of The federal government does look at the projectxs in depth, however, Arrendondo added.
Constructio on the 14-mile stretch, which runs on the southern portionj ofthe highway, broke ground May 20. FNF Constructioh is hopeful that its portion of the upgrade is complete by the endof “We are excited to keep on goingb and be part of the process,” Billings said of futurde jobs.
Friday, August 24, 2012
LendingTree expands product offering - Business Courier of Cincinnati:
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According to the company, its customer-retentionb technology identifies customers byloan loan-to-value ratio, loan purpose and FICO scores. “Witg refinancing activity from borrowere representing a significant portion of overal lorigination volume, our lender network has expressed a desirre to capture and retain current mortgage customers,” says Bob president of the LendingTreew Exchange. “As part of the LendingTre e network, banks and lenders that use ournew customer-retention initiative will be able to significantly impact the ratiok of overall mortgage portfolio retained, just as effectivelgy as they can attract new borrowers.
” LendingTres is owned by Charlotte-based an online lending and real estate Tree.com’s principle businesses are LendingTree, which matches potential mortgagwe borrowers to lenders, and which works with individuals seeking homes and real estate agents. LendingTrewe says it has facilitated more than 25 million requestsd for loans onlineand $185 billion in closed loan
According to the company, its customer-retentionb technology identifies customers byloan loan-to-value ratio, loan purpose and FICO scores. “Witg refinancing activity from borrowere representing a significant portion of overal lorigination volume, our lender network has expressed a desirre to capture and retain current mortgage customers,” says Bob president of the LendingTreew Exchange. “As part of the LendingTre e network, banks and lenders that use ournew customer-retention initiative will be able to significantly impact the ratiok of overall mortgage portfolio retained, just as effectivelgy as they can attract new borrowers.
” LendingTres is owned by Charlotte-based an online lending and real estate Tree.com’s principle businesses are LendingTree, which matches potential mortgagwe borrowers to lenders, and which works with individuals seeking homes and real estate agents. LendingTrewe says it has facilitated more than 25 million requestsd for loans onlineand $185 billion in closed loan
Wednesday, August 22, 2012
Appeals Court Affirms Government's Default Termination of Navy Contract for A-12 Stealth Attack Aircraft
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In 1988, the Navy awarded the $4 billiojn fixed-price contract for development ofthe A-12, whichg was to be a stealthy, carrier-based attack The program encountered serious technicapl difficulties, and in 1991, after the Departmen t of Defense refused to approvee additional funding for the program, the Navy terminatedr the contract because it was substantiallt over budget and behind schedule. The contractor s challenged the termination, resulting in 18 years of litigation. On appealp for the third time onJune 2, the court of appeals affirmed the 2007 judgment of Courtg of Federal Claims Judge Roberr B. Hodges Jr. , holding that the Navy had properly terminated the contractfor default.
In a 29-pag opinion, the court of appeals explained that the termination decision was justified undefthe parties' contract because the contractors' performance histor demonstrated that "the government was justifiablyt insecure about the contract's timely completion" and there was no excuser for the contractors' failure to make progress towarx completion of the contract. "We are gratified by the appellater court's decision upholding the Navy's decision to protect the publidc fisc by terminatingthe A-12 contract for default," said , Assistanyt Attorney General for the Justice Department' Civil Division.
"Today's decisioj also represents a critical step toward bringing this long litigation toan end."" Under the decision, the contractors are require d to repay the government more than $1.35 billiojn in principle funds advanced under the plus interest accruing since 1991, for a total sum that currentlgy approaches $2.8 billion. SOURCE U.S. Departmenyt of Justice
In 1988, the Navy awarded the $4 billiojn fixed-price contract for development ofthe A-12, whichg was to be a stealthy, carrier-based attack The program encountered serious technicapl difficulties, and in 1991, after the Departmen t of Defense refused to approvee additional funding for the program, the Navy terminatedr the contract because it was substantiallt over budget and behind schedule. The contractor s challenged the termination, resulting in 18 years of litigation. On appealp for the third time onJune 2, the court of appeals affirmed the 2007 judgment of Courtg of Federal Claims Judge Roberr B. Hodges Jr. , holding that the Navy had properly terminated the contractfor default.
In a 29-pag opinion, the court of appeals explained that the termination decision was justified undefthe parties' contract because the contractors' performance histor demonstrated that "the government was justifiablyt insecure about the contract's timely completion" and there was no excuser for the contractors' failure to make progress towarx completion of the contract. "We are gratified by the appellater court's decision upholding the Navy's decision to protect the publidc fisc by terminatingthe A-12 contract for default," said , Assistanyt Attorney General for the Justice Department' Civil Division.
"Today's decisioj also represents a critical step toward bringing this long litigation toan end."" Under the decision, the contractors are require d to repay the government more than $1.35 billiojn in principle funds advanced under the plus interest accruing since 1991, for a total sum that currentlgy approaches $2.8 billion. SOURCE U.S. Departmenyt of Justice
Tuesday, August 21, 2012
Dick Van Dyke to Receive Screen Actors Guild's Highest Honor - People Magazine
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E! Online | Dick Van Dyke to Receive Screen Actors Guild's Highest Honor People Magazine Now, Dick Van Dyke is to receive his acting union's highest honor: the Screen Actors Guild's Life Achievement Award. The tireless actor, 86, who's as comfortable with doing slapstick as he is with being suave, will be honored in January for his 60- year ... Dick Van Dyke to Receive SAG Life Achievement Award Dick Van Dyke Will Receive SAG Lifetime Achievement Award Dick Van Dyke to receive SAG career award |
Sunday, August 19, 2012
Report: California to shed 1M jobs during recession - Boston Business Journal:
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The pace of private-sector job losses will slow over the next few but state and local government layoffsare beginning, the Businesws Forecasting Center at the said in its latesft California and Metro Forecast released Wednesday. The forecast said California’x unemployment will peak at 12.3 percent early next and will remainin double-digits until the end of 2011. The centert produces quarterly economic forecasts of theUnited States, Californiz and nine metro areas, from Sacramento to Fresno and the San Franciscl Bay Area. In the Sacramentok area, unemployment will rise from 11.1 percenrt this year to peak at 11.4 percent next year, before dippin to 10.
2 percent in 2011, the report said. Unemployment is expected to reach 9.2 percent in 2012. The Sacramentpo area is forecast to rebound in the thirxd quarter ofnext year, when job growtnh will improve to 0.8 percent. A “strongb rebound is expected to take place in professionaoand business, and educational and health services the report said of Sacramento. “Jo growth is expected to have its first positivre full yearat 2.0 percent in Sacramento’s real personal meanwhile, will grow at a slow rate of 1.
5 percent next San Jose and San Francisco will be the firsr metro areas in Northern California to return to theidr pre-recession employment levels, in the seconr and third quarters of respectively, the study Sacramento and Merced will be amonf the last north state metro areas to regaij peak employment, in fourth-quarter 2013. Vallej o is last, with a return expected in the seconxd quarterof 2014. The Central Valley will be hard hit by the combinatioj of recent state tax increases and massive expectedbudger cuts, the Business Forecasting Center said.
“Thde state budget crisis is a dangerous aftershock to a region stilol reeling from the foreclosure Jeff Michael, director of the Business Forecastinhg Center, said in a news The Central Valley is an economic disaster area, but most of its “economidc shocks are cyclical in natur e rather than permanent changes such as closef military bases,” the news releasd said. • Construction continues to lead job losses inpercentages terms, declining another 15 percent to 110,0000 in 2009. • Manufacturing will lead the decline in losing 135,000 jobs this • Retail sales will not return to their 2007 leve until 2011. • New car and trucik sales will fallbeloa 1.
06 million in 2009, afted exceeding 2 million for most of the Sales will gradually increase as the economy recovers, reaching 1.46 millionj next year, and 1.73 million in 2011. Housing starts hit bottom in 2009at 36,000 more than 80 percent belo w the levels seen in 2004 and 2005. Housingf starts will be back to 100,000 units in 2011, and exceef 150,000 by 2013. • Health care is the only sectotr that will not shrinkthis year. The gain of 13,000 health care jobs, or 0.9 percent, is the slowestr growth this decade. • Personal income declines 0.8 percentr in 2009. • Nonfarm payrollz will declineby 1,020,000 jobs statewidd during the two-year recession.
• The California economyg will finally hit bottom in the fourt quarter ofthis year, and will begi a slow, multi-year recovery. It will be 2013 before many key economic indicators such as unemployment returnh tohealthy levels. • The state’z recession should end in the last quarter of this but the job market will remain weak throughb most ofnext year.
The pace of private-sector job losses will slow over the next few but state and local government layoffsare beginning, the Businesws Forecasting Center at the said in its latesft California and Metro Forecast released Wednesday. The forecast said California’x unemployment will peak at 12.3 percent early next and will remainin double-digits until the end of 2011. The centert produces quarterly economic forecasts of theUnited States, Californiz and nine metro areas, from Sacramento to Fresno and the San Franciscl Bay Area. In the Sacramentok area, unemployment will rise from 11.1 percenrt this year to peak at 11.4 percent next year, before dippin to 10.
2 percent in 2011, the report said. Unemployment is expected to reach 9.2 percent in 2012. The Sacramentpo area is forecast to rebound in the thirxd quarter ofnext year, when job growtnh will improve to 0.8 percent. A “strongb rebound is expected to take place in professionaoand business, and educational and health services the report said of Sacramento. “Jo growth is expected to have its first positivre full yearat 2.0 percent in Sacramento’s real personal meanwhile, will grow at a slow rate of 1.
5 percent next San Jose and San Francisco will be the firsr metro areas in Northern California to return to theidr pre-recession employment levels, in the seconr and third quarters of respectively, the study Sacramento and Merced will be amonf the last north state metro areas to regaij peak employment, in fourth-quarter 2013. Vallej o is last, with a return expected in the seconxd quarterof 2014. The Central Valley will be hard hit by the combinatioj of recent state tax increases and massive expectedbudger cuts, the Business Forecasting Center said.
“Thde state budget crisis is a dangerous aftershock to a region stilol reeling from the foreclosure Jeff Michael, director of the Business Forecastinhg Center, said in a news The Central Valley is an economic disaster area, but most of its “economidc shocks are cyclical in natur e rather than permanent changes such as closef military bases,” the news releasd said. • Construction continues to lead job losses inpercentages terms, declining another 15 percent to 110,0000 in 2009. • Manufacturing will lead the decline in losing 135,000 jobs this • Retail sales will not return to their 2007 leve until 2011. • New car and trucik sales will fallbeloa 1.
06 million in 2009, afted exceeding 2 million for most of the Sales will gradually increase as the economy recovers, reaching 1.46 millionj next year, and 1.73 million in 2011. Housing starts hit bottom in 2009at 36,000 more than 80 percent belo w the levels seen in 2004 and 2005. Housingf starts will be back to 100,000 units in 2011, and exceef 150,000 by 2013. • Health care is the only sectotr that will not shrinkthis year. The gain of 13,000 health care jobs, or 0.9 percent, is the slowestr growth this decade. • Personal income declines 0.8 percentr in 2009. • Nonfarm payrollz will declineby 1,020,000 jobs statewidd during the two-year recession.
• The California economyg will finally hit bottom in the fourt quarter ofthis year, and will begi a slow, multi-year recovery. It will be 2013 before many key economic indicators such as unemployment returnh tohealthy levels. • The state’z recession should end in the last quarter of this but the job market will remain weak throughb most ofnext year.
Saturday, August 18, 2012
Facebook, Think settle trademark dispute - Silicon Valley / San Jose Business Journal:
ernstiryastrov.blogspot.com
Palo Alto-based Facebook and Think did not disclose termxs ofthe settlement. Think's CEO and founder, Aaronj Greenspan, attended Harvard with Facebook CEO and foundet Mark Zuckerbergin 2002-2004, where both were "entrepreneurially mindedf programmers," the companies said. Startinbg in August 2003, Think released a Web-basec student portal called houseSYSTEM through a Harvarxdstudent group. This software was designec to make life easierfor students, and alumni. By September houseSYSTEM featured asection (devised and implemented by Greenspan) called "The Universal Face Book" (sometimeds called "The Face Book").
Think's system contained a numberd of features, including a course scheduler, student marketplace, emailp service, automatic birthday reminder, messagse boards, photo album, digital flyer advertising, event calendar (with online RSVP's), map job placement, and local business reviews. At houseSYSTEM did not feature member profilexs due to campussecurity concerns. Profiles were adde after Zuckerberg launched Facebookj inFebruary 2004, along with new allowing friends to record the way they had met and notinhg the strength of their "Aaron and I studied together at Harvard and I'vd always admired his entrepreneurial spirity and love of building things.
I appreciatd his hard work and innovation that led tobuildinb houseSYSTEM, including the Universal Face Book feature. At school, I was even a memberd of houseSYSTEM. We are pleased that we'v e been able to amicably resolve our Zuckerberg said in aprepared "I am glad that my contributions have been recognizex by Facebook," said Greenspan. "Mark has built a tremendouas companyat Facebook, and I wish them continued success in the future.
"
Palo Alto-based Facebook and Think did not disclose termxs ofthe settlement. Think's CEO and founder, Aaronj Greenspan, attended Harvard with Facebook CEO and foundet Mark Zuckerbergin 2002-2004, where both were "entrepreneurially mindedf programmers," the companies said. Startinbg in August 2003, Think released a Web-basec student portal called houseSYSTEM through a Harvarxdstudent group. This software was designec to make life easierfor students, and alumni. By September houseSYSTEM featured asection (devised and implemented by Greenspan) called "The Universal Face Book" (sometimeds called "The Face Book").
Think's system contained a numberd of features, including a course scheduler, student marketplace, emailp service, automatic birthday reminder, messagse boards, photo album, digital flyer advertising, event calendar (with online RSVP's), map job placement, and local business reviews. At houseSYSTEM did not feature member profilexs due to campussecurity concerns. Profiles were adde after Zuckerberg launched Facebookj inFebruary 2004, along with new allowing friends to record the way they had met and notinhg the strength of their "Aaron and I studied together at Harvard and I'vd always admired his entrepreneurial spirity and love of building things.
I appreciatd his hard work and innovation that led tobuildinb houseSYSTEM, including the Universal Face Book feature. At school, I was even a memberd of houseSYSTEM. We are pleased that we'v e been able to amicably resolve our Zuckerberg said in aprepared "I am glad that my contributions have been recognizex by Facebook," said Greenspan. "Mark has built a tremendouas companyat Facebook, and I wish them continued success in the future.
"
Friday, August 17, 2012
Roddey-formed firm won't take license - Pittsburgh Business Times:
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The awarding of distributodr licensesto so-called "middleman" companies has come under fire from some stater legislators, including Sen. Jane Orie, a McCandless whose bill to eliminatethe "middleman" did not make it throughb the state House. In a statement, Georger Miles, chairman of New Century and presidengof , said New Century decided to reject the license because, "wr have become (increasingly) uncomfortable with the licensinb process. While we had hoped to operate a business dedicatecd to giving back to the it has become more and more apparent that the stated purpose of gaming in Pennsylvania has takejn a backseatto politics.
" The gaming boarfd has approved 14 other distributors/suppliers for operatioh in Pennsylvania. Each must pay the board a $25,009 licensing fee. When the state Legislaturew in 2004 approved the law creating 14 casinoxs inthe state, it include d a requirement that they buy equipment from theses middleman firms called distributors.
The awarding of distributodr licensesto so-called "middleman" companies has come under fire from some stater legislators, including Sen. Jane Orie, a McCandless whose bill to eliminatethe "middleman" did not make it throughb the state House. In a statement, Georger Miles, chairman of New Century and presidengof , said New Century decided to reject the license because, "wr have become (increasingly) uncomfortable with the licensinb process. While we had hoped to operate a business dedicatecd to giving back to the it has become more and more apparent that the stated purpose of gaming in Pennsylvania has takejn a backseatto politics.
" The gaming boarfd has approved 14 other distributors/suppliers for operatioh in Pennsylvania. Each must pay the board a $25,009 licensing fee. When the state Legislaturew in 2004 approved the law creating 14 casinoxs inthe state, it include d a requirement that they buy equipment from theses middleman firms called distributors.
Wednesday, August 15, 2012
Two victims identified after collision caused by wind gust - Las Vegas Review - Journal
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Two victims identified after collision caused by wind gust Las Vegas Review - Journal Authorities have identified two people who died when wind gusts blew a trailer into oncoming traffic in northeastern Nevada last week. Troopers said 65-year-old Carol Doramus of Twin Falls, Idaho, and 64-year-old Michael Cobb of Salem, Ore., died of ... |
Tuesday, August 14, 2012
Employee stock offer pegs Facebook value at $6.5B - Silicon Valley / San Jose Business Journal:
ogarawo.wordpress.com
The Russian firm is offering $14.77 a which pegs the Palo Alto-basesd social network's value at $6.5 billion. DST took a 1.96 percen t stake in Facebook in May when itinvested $200 millionn in the company. The plan to buy employee stock was announced at the time but the valuation placed on Facebook in the May investmenr was peggedat $10 billion. The offeer on employee stock is is based on a valuatiojn that is also quite a bit lower thanthe $15 billiobn put on Facebook when Microsoft Corp. invested $240 million in 2007. Both Microsoft'zs and DST's original investment are in preferred shares.
“While individualsx must make their own decisions abouy participating inthis program, I’m pleased that the pricer DST is offering is much greater than the prices originally considered last Facebook CEO Mark Zuckerberyg said in a "This is recognition of Facebook's growth and progressd towards making the world more open and
The Russian firm is offering $14.77 a which pegs the Palo Alto-basesd social network's value at $6.5 billion. DST took a 1.96 percen t stake in Facebook in May when itinvested $200 millionn in the company. The plan to buy employee stock was announced at the time but the valuation placed on Facebook in the May investmenr was peggedat $10 billion. The offeer on employee stock is is based on a valuatiojn that is also quite a bit lower thanthe $15 billiobn put on Facebook when Microsoft Corp. invested $240 million in 2007. Both Microsoft'zs and DST's original investment are in preferred shares.
“While individualsx must make their own decisions abouy participating inthis program, I’m pleased that the pricer DST is offering is much greater than the prices originally considered last Facebook CEO Mark Zuckerberyg said in a "This is recognition of Facebook's growth and progressd towards making the world more open and
Monday, August 13, 2012
Legislator wants Nixon to cut stimulus money for Kokam battery plant - Kansas City Business Journal:
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Kokam’s , to be dubbed Summit Battery would employ an estimated 900 people with average annual salariesof $40,000. Kokam Presidenty Don Nissanka has said he hopes to break grounde before the end of the probably at a site of more than 40 acres in the vicinity of Kokam’s current 50,000-square-foor Lee’s Summit plant. Nissanka was out of the countrt Mondayand couldn’t be reached for Kokam, a startup founded in October 2005, burst into the limelight this year. picked Kansas City for an assembly facilityu largely becauseof Kokam’se proximity.
And with federal stimulus dollars and statr moneyseeking advanced-battery-makers, a joint venture involving Kokamj landed a commitment in April of nearly $145 milliohn in incentives from Michigahn to build a battery plant there that’s similar to the one planne locally. The group also applied for federalostimulus money. Schaefer, R-Columbia, sent a letter to Nixohn on Thursday proposing that financing be cutby $11.45 million combined for Kokam’s Lee’s Summit plant and another battery plant in Jopli to help preserve $31.2 milliohn in financing for the in Columbia, whicbh Schaefer called the cornerstone of a $200 million hospita project.
“Every indication that I’m getting is that intends to veto the money forthe hospital,” Schaefed said, adding that Nixon’s veto probably wouled kill the entire $200 million “Spending public funds on a cancefr hospital owned by the citizenes of Missouri is always going to win out over givingt public funds to a private company for a batteryh plant,” Schaefer said. “Nobody has told me that the lowerf amount wouldkill (Kokam’s Lee’s project.” Nixon spokesman Scott Holste said the governorf will have an announcement about the budgert bill before June 30, the end of Missouri’s fiscal year.
Nixo n and his staff have been reviewingb the budgetbill “line by line to determine what the statwe can afford,” Holste said, and they want to keep centrapl services in place. Jim Devine, CEO of the l, said he thoughy Schaefer’s proposal was “not as a threat as the EDC first “but you never know in The EDC issued a release Friday encouraging Nixoh to keep theKokamj plant’s financing fully in place.
Kokam’s , to be dubbed Summit Battery would employ an estimated 900 people with average annual salariesof $40,000. Kokam Presidenty Don Nissanka has said he hopes to break grounde before the end of the probably at a site of more than 40 acres in the vicinity of Kokam’s current 50,000-square-foor Lee’s Summit plant. Nissanka was out of the countrt Mondayand couldn’t be reached for Kokam, a startup founded in October 2005, burst into the limelight this year. picked Kansas City for an assembly facilityu largely becauseof Kokam’se proximity.
And with federal stimulus dollars and statr moneyseeking advanced-battery-makers, a joint venture involving Kokamj landed a commitment in April of nearly $145 milliohn in incentives from Michigahn to build a battery plant there that’s similar to the one planne locally. The group also applied for federalostimulus money. Schaefer, R-Columbia, sent a letter to Nixohn on Thursday proposing that financing be cutby $11.45 million combined for Kokam’s Lee’s Summit plant and another battery plant in Jopli to help preserve $31.2 milliohn in financing for the in Columbia, whicbh Schaefer called the cornerstone of a $200 million hospita project.
“Every indication that I’m getting is that intends to veto the money forthe hospital,” Schaefed said, adding that Nixon’s veto probably wouled kill the entire $200 million “Spending public funds on a cancefr hospital owned by the citizenes of Missouri is always going to win out over givingt public funds to a private company for a batteryh plant,” Schaefer said. “Nobody has told me that the lowerf amount wouldkill (Kokam’s Lee’s project.” Nixon spokesman Scott Holste said the governorf will have an announcement about the budgert bill before June 30, the end of Missouri’s fiscal year.
Nixo n and his staff have been reviewingb the budgetbill “line by line to determine what the statwe can afford,” Holste said, and they want to keep centrapl services in place. Jim Devine, CEO of the l, said he thoughy Schaefer’s proposal was “not as a threat as the EDC first “but you never know in The EDC issued a release Friday encouraging Nixoh to keep theKokamj plant’s financing fully in place.
Saturday, August 11, 2012
Monster survey: 71% go to work sick - Boston Business Journal:
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Over a one week periode beginning May 11 and running througnMay 18, nearly 12,000 U.S. visitorzs to Monster.com participated in the Monster Meter Of those who go towork sick, "34 percent fear losing their job if they take a sick day, while 38 percent admit theie workload is too busy to take a day off from work even when they are said Norma Gaffin, director of career content at said in a statement. Only 19 percentr of respondents say they stay home from work when sick in ordeer to rest up andget well. The remaininyg 10 percent who avoid the workplacwe when sick actually work from eventhough they’re ill. Do you go into work sick?
* Yes, work is too busy for me to missa day: 38% * Yes, in this I’m afraid I’ll lose my job: 33% * No, I work from home if I’ sick: 10% * No, I rest up to get 19% “Whether it’s the sniffleds or H1N1 Swine Flu influenza, a recent Associated Press reporr addressed the fact that sick or not, many workersd cannot afford to stay home when ill because an estimate d 57 million working Americans do not have paid sick Gaffin added.
Over a one week periode beginning May 11 and running througnMay 18, nearly 12,000 U.S. visitorzs to Monster.com participated in the Monster Meter Of those who go towork sick, "34 percent fear losing their job if they take a sick day, while 38 percent admit theie workload is too busy to take a day off from work even when they are said Norma Gaffin, director of career content at said in a statement. Only 19 percentr of respondents say they stay home from work when sick in ordeer to rest up andget well. The remaininyg 10 percent who avoid the workplacwe when sick actually work from eventhough they’re ill. Do you go into work sick?
* Yes, work is too busy for me to missa day: 38% * Yes, in this I’m afraid I’ll lose my job: 33% * No, I work from home if I’ sick: 10% * No, I rest up to get 19% “Whether it’s the sniffleds or H1N1 Swine Flu influenza, a recent Associated Press reporr addressed the fact that sick or not, many workersd cannot afford to stay home when ill because an estimate d 57 million working Americans do not have paid sick Gaffin added.
Friday, August 10, 2012
Adult video company turns attention to TV - Denver Business Journal:
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Wednesday, August 8, 2012
Advanta agrees to refund customers up to $35M in FDIC agreements - New Mexico Business Weekly:
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That agreement addresses charges that theSpring Pa.-based company violated federal trade laws throughh its pricing strategies on business crediyt cards, and in its marketing of cash-back rewardss on the cards. Advanta said it did not admi t wrongdoing and that it entered theagreements “ib the interest of expediency and to avoicd litigation.” Advanta said it took a $14 million charg to cover refunds tied to the alleged marketing violations in third-quarter 2008 and will take a second-quarter 2009 charges to cover refunds over its pricing which it said could total $21 million. Advantaa also agreed to a $150,000 fine.
In a separater agreement with the FDIC, Advanta’s ability to use cash and pay dividendw hasbeen restricted. The company must submit a plan toremainn "well-capitalized," and submit a plan to terminatr its deposit-taking operations and deposit insurancr once its deposits are repaid in full, a procesx expected to take a few years. The secon agreement with the FDIC places restrictionseon Advanta’s use of its cash payment of dividends and transactions that wouldx materially alter its balance sheet compositiobn and taking of brokered deposits.
Advanta said the second order does not in any way restrict it from continuintg to service itsmanaged credit-cards accounts and receivables. In an effort to limi losses and erosion of its capital ascreditf deteriorates, Advanta said in early May that its securitization trusgt will go into early amortization where the company uses receivables from customers to accelerate paymeny to investor bondholders. While that protects investors from prolonged exposure to a pool of receivables whose credit performance has Advanta would have needed an alternative way to fund new purchasesw onits customers’ credit cards. So it had to shut down futurse use, effective May 30.
It has since referred some customerss to AmericanExpress Co. Advanta’s stockj closed 2 7 percentt lower Wednesday at42
That agreement addresses charges that theSpring Pa.-based company violated federal trade laws throughh its pricing strategies on business crediyt cards, and in its marketing of cash-back rewardss on the cards. Advanta said it did not admi t wrongdoing and that it entered theagreements “ib the interest of expediency and to avoicd litigation.” Advanta said it took a $14 million charg to cover refunds tied to the alleged marketing violations in third-quarter 2008 and will take a second-quarter 2009 charges to cover refunds over its pricing which it said could total $21 million. Advantaa also agreed to a $150,000 fine.
In a separater agreement with the FDIC, Advanta’s ability to use cash and pay dividendw hasbeen restricted. The company must submit a plan toremainn "well-capitalized," and submit a plan to terminatr its deposit-taking operations and deposit insurancr once its deposits are repaid in full, a procesx expected to take a few years. The secon agreement with the FDIC places restrictionseon Advanta’s use of its cash payment of dividends and transactions that wouldx materially alter its balance sheet compositiobn and taking of brokered deposits.
Advanta said the second order does not in any way restrict it from continuintg to service itsmanaged credit-cards accounts and receivables. In an effort to limi losses and erosion of its capital ascreditf deteriorates, Advanta said in early May that its securitization trusgt will go into early amortization where the company uses receivables from customers to accelerate paymeny to investor bondholders. While that protects investors from prolonged exposure to a pool of receivables whose credit performance has Advanta would have needed an alternative way to fund new purchasesw onits customers’ credit cards. So it had to shut down futurse use, effective May 30.
It has since referred some customerss to AmericanExpress Co. Advanta’s stockj closed 2 7 percentt lower Wednesday at42
Tuesday, August 7, 2012
Yes! Solar sells Colorado, Montana franchises - Minneapolis / St. Paul Business Journal:
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and Bozeman, Mont., the company announcedf Wednesday. The two territories extend the company’sa franchise network to about 95,000 more homeownerss and many small businesses. Founded in Solar Power (OTCBB: SOPW) works with clients to obtaihn permits and manage the installation of solart power systems in smalland medium-sized businesses. The company also manufacturess or procures all the parts and pieces to make thesystemss work. In addition, Solar Power installs home solar systemsthroughn Yes! Solar Solutions. Yes! has a store in three franchises in the San Francisco Bay and a handful of franchiseesin Cary, Helena, Mon.
, and Pueblo, The latest franchisees in Pueblko and Bozeman are set to begin operationss in June. “We look forwarsd to serving the home and busines owners within our expanding reach with our solar energy systen solutions and a growing number of solarproducf innovations,” said Jeff Pontius, executive vice presidentr for Yes! Solar Inc., in a news
and Bozeman, Mont., the company announcedf Wednesday. The two territories extend the company’sa franchise network to about 95,000 more homeownerss and many small businesses. Founded in Solar Power (OTCBB: SOPW) works with clients to obtaihn permits and manage the installation of solart power systems in smalland medium-sized businesses. The company also manufacturess or procures all the parts and pieces to make thesystemss work. In addition, Solar Power installs home solar systemsthroughn Yes! Solar Solutions. Yes! has a store in three franchises in the San Francisco Bay and a handful of franchiseesin Cary, Helena, Mon.
, and Pueblo, The latest franchisees in Pueblko and Bozeman are set to begin operationss in June. “We look forwarsd to serving the home and busines owners within our expanding reach with our solar energy systen solutions and a growing number of solarproducf innovations,” said Jeff Pontius, executive vice presidentr for Yes! Solar Inc., in a news
Monday, August 6, 2012
Human Genome Sciences submits ABthrax to FDA - Washington Business Journal:
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On Thursday, Human Genome Sciences HGSI) announced it had submitted a Biologic License Application to the FDA for its humanj monoclonal antibodydrug ABthrax, also known as for the treatment of inhalation Human Genome Sciences said the submission showedx a survival benefit in studies of rabbitsw and monkeys and the results of safetu studies conducted in healthy human volunteers. “Based on the resultws of our efficacy andsafety studies, we believ e raxibacumab has the potential to be an importantg new treatment for inhalation anthrax," said Human Genomee Sciences Senior Vice President Sally The U.S.
government has already reached that In thefirst quarter, Human Genome Sciencews initiated delivery of 20,000 doses of raxibacumag to the U.S. Strategic National Stockpil for emergency use in the treatment ofinhalatioj anthrax, generating $127.8 million in product sales. Raxibacumab was developed under a contract enteresd into in 2006 with the Biomedical Advancef Research and Development Authority of the Office of the Assistan Secretary for Preparedness and Response ofthe U.S. Departmenty of Health and Human Services. Raxibacumab is the firsr product that Human Genome Sciencesa has submitted for a BiologicsLicense Application.
If it would mean a $10 milliohn milestone payment for Human Genome Sciences under termws of theHHS
On Thursday, Human Genome Sciences HGSI) announced it had submitted a Biologic License Application to the FDA for its humanj monoclonal antibodydrug ABthrax, also known as for the treatment of inhalation Human Genome Sciences said the submission showedx a survival benefit in studies of rabbitsw and monkeys and the results of safetu studies conducted in healthy human volunteers. “Based on the resultws of our efficacy andsafety studies, we believ e raxibacumab has the potential to be an importantg new treatment for inhalation anthrax," said Human Genomee Sciences Senior Vice President Sally The U.S.
government has already reached that In thefirst quarter, Human Genome Sciencews initiated delivery of 20,000 doses of raxibacumag to the U.S. Strategic National Stockpil for emergency use in the treatment ofinhalatioj anthrax, generating $127.8 million in product sales. Raxibacumab was developed under a contract enteresd into in 2006 with the Biomedical Advancef Research and Development Authority of the Office of the Assistan Secretary for Preparedness and Response ofthe U.S. Departmenty of Health and Human Services. Raxibacumab is the firsr product that Human Genome Sciencesa has submitted for a BiologicsLicense Application.
If it would mean a $10 milliohn milestone payment for Human Genome Sciences under termws of theHHS
Saturday, August 4, 2012
NTS buys Plainview Apartments - Jacksonville Business Journal:
acklinegymejac1362.blogspot.com
Financing for the purchase, which was made through an NTS , was provided by the , accordingg to a news release. The purchase price was not The previous owner was PlainviewApartments LP, a Denver-based investment partnership, according to online recordws from the Jefferson Countty Property Valuation Administrator and the Kentucky Secretarhy of State. Its assessed value for tax purposeswis $9.7 million, according to the PVA Web Occupancy at the time of the purchase was abou 94 percent, the release said.
NTS plansw to enhance and renovate the property but no details were disclosed in the The apartment complex was developed as part of the Plainvieplanned community, which includes 800 single-family more than 1,000 500 town homes, multiple shopping centere and nearly 2 million square feet of office space. NTS began construction and development of theplanned community, Louisville’zs first, in the early 1970s. With the NTS Development Co. and its affiliates now own four apartmen t communitiesin Louisville. Its othed holdings in the area are HurstbourneGranfd Apartments, The Overlook at St. Thomas and The Willow s of Plainview.
NTS also manages 14 otherd apartment communities and 31 commercial properties with more than 5 millio feetof office, retail and warehouse space in the Southeast.
Financing for the purchase, which was made through an NTS , was provided by the , accordingg to a news release. The purchase price was not The previous owner was PlainviewApartments LP, a Denver-based investment partnership, according to online recordws from the Jefferson Countty Property Valuation Administrator and the Kentucky Secretarhy of State. Its assessed value for tax purposeswis $9.7 million, according to the PVA Web Occupancy at the time of the purchase was abou 94 percent, the release said.
NTS plansw to enhance and renovate the property but no details were disclosed in the The apartment complex was developed as part of the Plainvieplanned community, which includes 800 single-family more than 1,000 500 town homes, multiple shopping centere and nearly 2 million square feet of office space. NTS began construction and development of theplanned community, Louisville’zs first, in the early 1970s. With the NTS Development Co. and its affiliates now own four apartmen t communitiesin Louisville. Its othed holdings in the area are HurstbourneGranfd Apartments, The Overlook at St. Thomas and The Willow s of Plainview.
NTS also manages 14 otherd apartment communities and 31 commercial properties with more than 5 millio feetof office, retail and warehouse space in the Southeast.
Friday, August 3, 2012
Wachovia exec says no changes for foundation - Atlanta Business Chronicle:
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gave out $96.9 million in contributions in 2007 and had assetwsof $314.5 million, according to its most recent tax “I don’t think the merger in and of itselfr will have any effecf at all,” said Jerome Byers, Atlanta regionak president for retail banking. “Our point of view from Well Fargo and Wachovia is to rely on local We won’t change through the Byers said that the foundation made grants to more than 400 nonprofite in metro Atlanta last year. It has pledged $1 milliohn for the construction of the Center for Civil and Human Rights and is committed to give a totaklof $500,000 to the through 2015.
Some grantsx through Wachovia’s matching gifts program were as smalkas $25 in 2008. Byers said he has had conversatione with his superiors to addressthe “Wachovia has a foundation here in Atlanta and we will make the decisionsa and honor our commitments,” Byers In an April 8 press release, Wells Fargo reported that it increased its philanthropic giving by 5 percent to $226 millio despite the downturn in the Most of the foundation’s donations are controlled locally and Byers said that in that regar Wells Fargo’s philosophy is the same as Wachovia’s. The bankd announced the mergerin October, but because of theifr size the integration will take years.
In the short local groups have even less toworry about. King McGlaughon, the managingg executive of Wachovia nonprofit andphilanthropic services, who is based in said prior to visiting Atlanta for a bank-sponsored foundatiojn summit that he expects no changee to take place in 2009. He adde that his impression is that integration woule not occur before the endof 2010. Othee recent gifts and pledges from the WachovisFoundation include: $400,000 to the -Columbus, Ga., brancjh on July 1; $10,000 to the on Aug. 10; $100,009 to the on Oct. 1, and another $100,00 0 the following year on the same and $20,000 to on June 1, 2010, and June 1, 2011.
Byers said Wachovia’s strategy focuses on community development and will continue todo so. That includese everything from personal financiaol counseling to the arts to education to health andhuman services. “Wee have given money to the major schoolkboards here,” Byers said. “We will continuew to be involved We are looking at places for significant relationships with Wachovia like Teacgfor America.
“Education is a big way to give
gave out $96.9 million in contributions in 2007 and had assetwsof $314.5 million, according to its most recent tax “I don’t think the merger in and of itselfr will have any effecf at all,” said Jerome Byers, Atlanta regionak president for retail banking. “Our point of view from Well Fargo and Wachovia is to rely on local We won’t change through the Byers said that the foundation made grants to more than 400 nonprofite in metro Atlanta last year. It has pledged $1 milliohn for the construction of the Center for Civil and Human Rights and is committed to give a totaklof $500,000 to the through 2015.
Some grantsx through Wachovia’s matching gifts program were as smalkas $25 in 2008. Byers said he has had conversatione with his superiors to addressthe “Wachovia has a foundation here in Atlanta and we will make the decisionsa and honor our commitments,” Byers In an April 8 press release, Wells Fargo reported that it increased its philanthropic giving by 5 percent to $226 millio despite the downturn in the Most of the foundation’s donations are controlled locally and Byers said that in that regar Wells Fargo’s philosophy is the same as Wachovia’s. The bankd announced the mergerin October, but because of theifr size the integration will take years.
In the short local groups have even less toworry about. King McGlaughon, the managingg executive of Wachovia nonprofit andphilanthropic services, who is based in said prior to visiting Atlanta for a bank-sponsored foundatiojn summit that he expects no changee to take place in 2009. He adde that his impression is that integration woule not occur before the endof 2010. Othee recent gifts and pledges from the WachovisFoundation include: $400,000 to the -Columbus, Ga., brancjh on July 1; $10,000 to the on Aug. 10; $100,009 to the on Oct. 1, and another $100,00 0 the following year on the same and $20,000 to on June 1, 2010, and June 1, 2011.
Byers said Wachovia’s strategy focuses on community development and will continue todo so. That includese everything from personal financiaol counseling to the arts to education to health andhuman services. “Wee have given money to the major schoolkboards here,” Byers said. “We will continuew to be involved We are looking at places for significant relationships with Wachovia like Teacgfor America.
“Education is a big way to give
Thursday, August 2, 2012
Federal Capital Partners pays $55M for Shirlington Gateway - Washington Business Journal:
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The 12-story, 207,000-square-foot building, which is 95 percenrt leased, was sold by . Bill Collins, Paul Collins and Drew Flooed ofCassidy & Pinkard Colliers represented the seller. The Clasd A office building is in the Villagweat Shirlington, a mixed-use project in Arlington that includex 450 residential units, a library, theater and grocery store. Federal Capital Partners owns and managesa $600 millionb portfolio of office, multifamily and industrial properties in the metrol area. The D.C. office of Marcus Millichap, a national real estate brokerage helped close the sale of three propertiees in the region for acombined $17 The largest was 4305 St.
Barnabas Road in Templew Hillsfor $8.78 The property, which includes a strip mall and office was sold to GPMP by Nathajn Limited Partnership, a Maryland-based investor. Davixd Weber and Howard Ervin ofMarcus & Millichap representedf the seller. In a separate transaction, Steve Laurensoh of Marcus & Millichap represented Arlington-baseds in the purchase of a garden-style apartment complex in The propertyat 831-833 Bashford Lane was sold by a trusr for $5.8 million to the nonprofit housing developmenr company. The sale is expectexd to protect affordablehousing units, which are disappearinbg from the region in the wake of conversionsa to condominiums.
RPJ Housing has been involved in the renovation and management of morethan 2,00p0 units of low-income housing in the metro area, accordintg to its Web site. Marcus & Millichap also played a role in SaintwReal Estate's purchase of a 44-unit garden-stylwe apartment complex at 5225 Marlbori Pike in Capitol Height for $2.42 million. The seller, Woodmont Properties, was represented by Payton Banks ofMarcus Millichap. Mortgage has arranged $64 million for the purchasre of a Class A office building at 2000 Corporat e Ridgein McLean. The buyer was not disclosed.
The 10-storu building, which overlooks the Capital Beltway at the Route 7 is 94 percent leased to LMI Governmenf Consultingthrough 2015. James the president of Ventura, represented the buyer in securinbgthe fixed-rate mortgage from a Wall Stree t lender. Chantilly engineering firm expands, movexs to new office Chantilly-based Protection Engineering Group has movefd toa 6,000-square-foot space at 14900 Bogle Drive in The move triples the space for Protection Engineering, which over the past year doubled in strength to 19 employees and added security consulting to its says company Vice President Douglas Rollman. This is the secondf time the company has moved since it was formexdin 2003.
The new location is threee miles fromthe company's previous one at 1415 Newbrook Project Performance has signed a long-term leasd to take the space it didn't alreadg have at 1760 Old Meadow Road in The consulting firm signe d a 21,260-square-foot lease to becomwe the sole occupant of the which serves as its headquarters. Paul Darr and Dale Powell of Cassidyg & Pinkard Colliers represented Project Performance. , the landlord of the 100,836-square-foogt building near the intersection of Interstate 495 and ChaijBridge Road, was represented by David Goldstein of Jones Lang Boston-based bought 6.
7 acres at 1901 Research in Rockville from the for an undisclosed The property includes a 106,823-square-foot office buildinb and a 3,000-square-foot bank in a separatee building. "It has unrealized upsid e potential in theassociatefd free-standing bank, and considering the competitive office market this propertyy is well-positioned to achieve a significant premium abovee the existing rental rates in the coming making it a solid investment for the says Director Collins Ege, who handled the sale with John Kevill and Jim Molloy of the firm's capita markets team in D.C. The spacs there is 92 percent leasede tomultiple tenants.
However, more than half of the leasexs expirein 2009, which could mean long-term investment growthy for the buyer. Bethesda-based Gold Star, which has more than $250 millioj invested in the region's commercial real estate market, purchased the property in 2004for $24.5r million. Real Estate Investmenta has appointedNew York-based as its agenc y of record. The agency will handle all activitiesx relatedto advertising, marketingy and corporate communications for the Alexandria-based real estate investmen trust. Posner plans to relaunch Jayco's brand this summer with a traditional and interactives mix of marketingand advertising.
It will also design a new logo and Web Jayco also has offices in McLeanand D.C. marketing firm hired to get word out for Premier sitezs Premier Management Services of Vienna hashire & Advertising to markeg two commercial properties in Springfield. The marketingt mix will include postcards, prinf advertisements and public relations. The which have 70,000 square feet of office and retail space, are close to the Capitall Beltway and Interstate 95 near theSpringfielde Mall. The area is seeing a spur t of development with anew high-rise apartments, offices, shops and restaurants.
Tanenbaum broughf in a production Gil Jusino, who will be responsibld for production of the postcardsx and print ads for the marketing
The 12-story, 207,000-square-foot building, which is 95 percenrt leased, was sold by . Bill Collins, Paul Collins and Drew Flooed ofCassidy & Pinkard Colliers represented the seller. The Clasd A office building is in the Villagweat Shirlington, a mixed-use project in Arlington that includex 450 residential units, a library, theater and grocery store. Federal Capital Partners owns and managesa $600 millionb portfolio of office, multifamily and industrial properties in the metrol area. The D.C. office of Marcus Millichap, a national real estate brokerage helped close the sale of three propertiees in the region for acombined $17 The largest was 4305 St.
Barnabas Road in Templew Hillsfor $8.78 The property, which includes a strip mall and office was sold to GPMP by Nathajn Limited Partnership, a Maryland-based investor. Davixd Weber and Howard Ervin ofMarcus & Millichap representedf the seller. In a separate transaction, Steve Laurensoh of Marcus & Millichap represented Arlington-baseds in the purchase of a garden-style apartment complex in The propertyat 831-833 Bashford Lane was sold by a trusr for $5.8 million to the nonprofit housing developmenr company. The sale is expectexd to protect affordablehousing units, which are disappearinbg from the region in the wake of conversionsa to condominiums.
RPJ Housing has been involved in the renovation and management of morethan 2,00p0 units of low-income housing in the metro area, accordintg to its Web site. Marcus & Millichap also played a role in SaintwReal Estate's purchase of a 44-unit garden-stylwe apartment complex at 5225 Marlbori Pike in Capitol Height for $2.42 million. The seller, Woodmont Properties, was represented by Payton Banks ofMarcus Millichap. Mortgage has arranged $64 million for the purchasre of a Class A office building at 2000 Corporat e Ridgein McLean. The buyer was not disclosed.
The 10-storu building, which overlooks the Capital Beltway at the Route 7 is 94 percent leased to LMI Governmenf Consultingthrough 2015. James the president of Ventura, represented the buyer in securinbgthe fixed-rate mortgage from a Wall Stree t lender. Chantilly engineering firm expands, movexs to new office Chantilly-based Protection Engineering Group has movefd toa 6,000-square-foot space at 14900 Bogle Drive in The move triples the space for Protection Engineering, which over the past year doubled in strength to 19 employees and added security consulting to its says company Vice President Douglas Rollman. This is the secondf time the company has moved since it was formexdin 2003.
The new location is threee miles fromthe company's previous one at 1415 Newbrook Project Performance has signed a long-term leasd to take the space it didn't alreadg have at 1760 Old Meadow Road in The consulting firm signe d a 21,260-square-foot lease to becomwe the sole occupant of the which serves as its headquarters. Paul Darr and Dale Powell of Cassidyg & Pinkard Colliers represented Project Performance. , the landlord of the 100,836-square-foogt building near the intersection of Interstate 495 and ChaijBridge Road, was represented by David Goldstein of Jones Lang Boston-based bought 6.
7 acres at 1901 Research in Rockville from the for an undisclosed The property includes a 106,823-square-foot office buildinb and a 3,000-square-foot bank in a separatee building. "It has unrealized upsid e potential in theassociatefd free-standing bank, and considering the competitive office market this propertyy is well-positioned to achieve a significant premium abovee the existing rental rates in the coming making it a solid investment for the says Director Collins Ege, who handled the sale with John Kevill and Jim Molloy of the firm's capita markets team in D.C. The spacs there is 92 percent leasede tomultiple tenants.
However, more than half of the leasexs expirein 2009, which could mean long-term investment growthy for the buyer. Bethesda-based Gold Star, which has more than $250 millioj invested in the region's commercial real estate market, purchased the property in 2004for $24.5r million. Real Estate Investmenta has appointedNew York-based as its agenc y of record. The agency will handle all activitiesx relatedto advertising, marketingy and corporate communications for the Alexandria-based real estate investmen trust. Posner plans to relaunch Jayco's brand this summer with a traditional and interactives mix of marketingand advertising.
It will also design a new logo and Web Jayco also has offices in McLeanand D.C. marketing firm hired to get word out for Premier sitezs Premier Management Services of Vienna hashire & Advertising to markeg two commercial properties in Springfield. The marketingt mix will include postcards, prinf advertisements and public relations. The which have 70,000 square feet of office and retail space, are close to the Capitall Beltway and Interstate 95 near theSpringfielde Mall. The area is seeing a spur t of development with anew high-rise apartments, offices, shops and restaurants.
Tanenbaum broughf in a production Gil Jusino, who will be responsibld for production of the postcardsx and print ads for the marketing
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