loxezop.wordpress.com
According to the , the averagw U.S. price for diesel fuel on Mondaywas $4.6o0 a gallon, which is $1.71 centws more than diesel cost a year ago. “It’sd ridiculous. I don’t know where it will all saidJerry Franconia, owner of in a fleet of 11 dump Fuel costs, previously a negligible part of now account for about 40 percent of them. He telld his drivers not to rev their enginesx as high before shifting and asks them not to letthem “Some listen, and some don’t,” he said.
“When they lose theifr jobs, they’ll care, I The price for diesel has trucking compangmanagers everywhere finding ways to keep theire fleets from burning so much fuel, includinyg cutting back on speed. At , 4106 Eastmoor Road in Louisville, management has dialed down the onboardf computers for the 145 trucks in the The top speed has gone from 68 mph to 64 mph with the cruisd control on and 62 mph with the cruisecontrol off, said presidentf Don Hayden. “We want the drivers to use the cruise control as much as he said.
“Let the computer decide when and how much fuel to The company also has set a computerized limift on how high the drivers can rev theifr engines before they have toshiftt gears, which also saves fuel, Haydenh said. The company hopes that these fuel-savin measures will save between $200,00p0 and $225,000 annually. The company buys about 1.9 millioh gallons of diesel every year. In fuel costs made up about 14 percentg oftotal expense, but as of February they made up 28 Hayden said. And he expectas that percentage has grownsince then. About 90 percenyt of the fleets in Kentucky have lowered limits on the speed of their said presidentJamie Fiepke.
But there’s a limity to how fuel-efficient one can make a “You figure you can get abouyt 7.5 miles per gallon,” he said. “That’s about the max you will ever see on a Another way to save fuel is not to leave the rig runninhat night, which truckers who sleelp in their cabs do so they can run theif air conditioners. In addition to loweringt top speeds on trucks from 68 mph to62 mph, managemengt at , 2903 S. English Station Road, also has installexd auxiliary power units on about 40 of its225 trucks, and it won’ buy any new truckz without them, said president Gary The drivers use the auxiliary power units to heat or cool thei r cabs at night.
They also use dieselo fuel, but much less than the truck An idling truck engine burns about a gallo nan hour, while an auxiliary power unit burns about a gallon everyy eight hours for air conditioning and abouft one every 20 hours for Pegasus maintenance manager Larry Horton said. The company also is testing hydrogen boosterdfrom Novi, Mich.-based ., which injectr hydrogen gas into a truck engin e to promote a more complete burn.
a diesel engine burns only abou t 85 percent to 90 percenft of the fuel injected intothe engine, but Hydroge n Fuel Systems says its productg boosts that figure to 99 percent, Hanke The company also says it will improvw fuel economy by 10 to 20 percent, he If it works as advertised, Hanke it also will produce a cleaner burn that will meet standardsz for 2014 and beyond usintg present-day technology, he said.
Tuesday, November 29, 2011
Sunday, November 27, 2011
October existing home sales rise 1.4 percent - Reuters
showarticle-cultura.blogspot.com
AFP | October existing home sales rise 1.4 percent Reuters WASHINGTON (Reuters) - Existing home sales unexpectedly rose in October as low interest rates for mortgages and rising rents led more homebuyers into the market, the National Association of Realtors said on Monday. Sales climbed 1.4 percent to an ... US Existing-Ho me Sales Unexpectedly Increase In October |
Friday, November 25, 2011
N.Y Attorney General ends BofA probe - Atlanta Business Chronicle:
http://stoneleaflamps.com/classic-looks-with-tiffani-style-lamps.html
Cuomo said the banks have and will continud to provide liquidityto investors. Last agreed to buy back as muchas $4.7 billionj in auction-rate securities it sold to about 5,500 small businesses and small charities before the market collapsed in February 2008. Accordingh to the Securities andExchange Commission, the settlemeny also required BofA to “use its best to provide up to $5 billion in liquidity to businessesd and institutional investors with accounts valuedf at $15 million or more, and charities with accountd valued at $25 million or The agreement resolved allegations that securities dealers made misrepresentationas to customers during sales of auction-ratre securities about their safety and Auction-rate securities have interest rates that are reset at weeklhy or monthly auctions run by investment firm s.
The $330 billiohn market collapsed last year, when investors becamed alarmed at the prospects of the abilitgy of corporate borrowers covering debt servicre onthe securities. Many were left with securitied they could not sell intothe Charlotte, N.C.-based BofA (NYSE: BAC) neither admitted nor denied wrongdoing. The SEC also has finalized a settlementr with BofA overthe securities.
Cuomo said the banks have and will continud to provide liquidityto investors. Last agreed to buy back as muchas $4.7 billionj in auction-rate securities it sold to about 5,500 small businesses and small charities before the market collapsed in February 2008. Accordingh to the Securities andExchange Commission, the settlemeny also required BofA to “use its best to provide up to $5 billion in liquidity to businessesd and institutional investors with accounts valuedf at $15 million or more, and charities with accountd valued at $25 million or The agreement resolved allegations that securities dealers made misrepresentationas to customers during sales of auction-ratre securities about their safety and Auction-rate securities have interest rates that are reset at weeklhy or monthly auctions run by investment firm s.
The $330 billiohn market collapsed last year, when investors becamed alarmed at the prospects of the abilitgy of corporate borrowers covering debt servicre onthe securities. Many were left with securitied they could not sell intothe Charlotte, N.C.-based BofA (NYSE: BAC) neither admitted nor denied wrongdoing. The SEC also has finalized a settlementr with BofA overthe securities.
Tuesday, November 22, 2011
Fifth Third keeping United Way pitch - Charlotte Business Journal:
younkinesagugad1746.blogspot.com
This year, Fifth Third kicked off its campaignon 3. Bob James, the bank’as N.C. executive, says the controversy arounfd theUnited Way’s local leadership is But, he says, interim President Mac Everett was forthright about the issues in a visi with Fifth Third employeexs and was well received. “We will continuew to support the campaign primarilu because we understand the underlying reason for it and where themoney goes,” he says. Jamexs says the bank is asking seniofr officers to consider donating atleastf $1,000.
Another way Fifth Third plans to drum up fundsa for thecampaign — a holdover from Firs Charter — is “Blue Every Friday this month, the bank’s employeeds can wear blue jeans if they make a $5 donation to the United Way. Wells Fargop buys N.C. brokerage , the insurance brokerage ownedeby , has acquired the assetd of Greensboro-based . The firm provides fully insuredand self-insured group benefit products for businessea and individual customers. The firm’s employees will transitiomn to the Wells Fargp Insurance Services officein Burlington. Wells based in San Francisco, has 33 mortgagse stores and 14 consumer-financwe stores in North Carolina.
This year, Fifth Third kicked off its campaignon 3. Bob James, the bank’as N.C. executive, says the controversy arounfd theUnited Way’s local leadership is But, he says, interim President Mac Everett was forthright about the issues in a visi with Fifth Third employeexs and was well received. “We will continuew to support the campaign primarilu because we understand the underlying reason for it and where themoney goes,” he says. Jamexs says the bank is asking seniofr officers to consider donating atleastf $1,000.
Another way Fifth Third plans to drum up fundsa for thecampaign — a holdover from Firs Charter — is “Blue Every Friday this month, the bank’s employeeds can wear blue jeans if they make a $5 donation to the United Way. Wells Fargop buys N.C. brokerage , the insurance brokerage ownedeby , has acquired the assetd of Greensboro-based . The firm provides fully insuredand self-insured group benefit products for businessea and individual customers. The firm’s employees will transitiomn to the Wells Fargp Insurance Services officein Burlington. Wells based in San Francisco, has 33 mortgagse stores and 14 consumer-financwe stores in North Carolina.
Sunday, November 20, 2011
Larkin Center of Commerce Celebrates Its First Year - Buffalo Rising
zemlyanikiyri.blogspot.com
Larkin Center of Commerce Celebrates Its First Year Buffalo Rising In the last year, the Larkin Center of Commerce has made huge strides forward in the redevelopment of 701 Seneca. This week they celebrated their progress with a party featuring a lecture by one of the leading Larkin Company experts, Jerry Puma. ... |
Friday, November 18, 2011
Coast Guard renews lease in Buzzard Point - Washington Business Journal:
mozybyd.wordpress.com
As 2008 closed out, the Coasgt Guard agreed to a 10-year renewal on its 592,000 square feet at the Transpoint located on the Southwest waterfront at 21002nd St. SW. The deal representa one of the largest if not thelargesgt — leases of 2008. The Coast Guard’ss presence at the Transpoint Buildingt spans back to theNixon administration, back when the original developer, Laszlo Tauber, owned the building. New York-based Monday Properties, in conjunctionh with , bought the building for $169 million in 2006 from Arch StreeytCapital Advisors, a -led consortium.
Since the and the Bush administration have been seekingy funding to consolidate dozens of Homelan Security agencies onto asingle 176-acrwe site at the federally ownexd west campus of the old St. Elizabeths Hospital, in the Anacostiw section of Southeast Washington. The Coast Guard headquarters were part ofthat "We just have to keep them in some quartersw until the campus is ready to receivwe them," said Michael McGill, a regional spokesman for the , whicn handles leasing for most federal agencies. McGill said he expectsz Coast Guard to go intoSt E's in late 2013 or earl 2014.
"We've got a littler play in there in case thered areany delays," he In 2007, the administration soughg $345 million to go ahead with the Coast Guarc headquarters portion of the plan, but that request was cut from the fiscalo year 2008 budget. According to Congressionaol budget documents, in September 2008, Congress allocated $97.6 million for a new Coasyt Guard and Department of HomelandSecuritu headquarters. “This is really a sign of how complexthe St. Elizabethsz development or consolidationhas become,” Monday Executive Vice President Tim Helmig said of the Coast Guard’xs decision to renew its lease for the long haul.
“And, in lighgt of that, the Coast Guard needee to secure its headquarters for a perio of time that lined up with potentiallyconsolidating DHS’ headquarters at St. Helmig said. The leas agreement gives the Coast Guard the right to terminatse the lease after seven but only in the event of a major consolidatioh likethe St. Elizabeths scenario, Helmigf said. The lengthy leasse term should allow the Coast Guard to performk needed renovations and security upgradese onthe 35-year-old building. The deal is the largesf lease the 10-year-old Monday Propertiee has ever executed, Helmig said, calling the transaction “a landmarkl moment” for the company.
Despite its New York Monday Properties is a key playetr in the Washington realestatse market, and serves as landlord to dozens of federapl agencies at its local the majority of which are locatedf in Defense-centric Rosslyn. “This deal furthermore underscoreas our commitment to our relationship with numerous groups withihthe , particularly as we participate in the evolutiom of the Capital Riverfront.” The Capital Riverfront is the forma name for the mixed-use neighborhood being built around the Washingtob Nationals’ baseball stadium. James Smals of the GSA, along with Bill Craig, Susan Hill and Maureen O’Brien of representedx the Coast Guard in thelease renewal.
Pete Marci n and Brian Sullivan of representedthe building’s owner, alon g with John Wharton and Tim Helmig of Mondat Properties. In addition to the Coast Guarf renewal, Monday re-signed and expande leases with many of its tenantsin 2008. Monday signed leases on approximately 30 percent of its4 million-square-foot regional portfolio last year. Like most leas transactions in the Washington regionlast year, the bulk of Monday’s leasez were renewals, the company said.
As 2008 closed out, the Coasgt Guard agreed to a 10-year renewal on its 592,000 square feet at the Transpoint located on the Southwest waterfront at 21002nd St. SW. The deal representa one of the largest if not thelargesgt — leases of 2008. The Coast Guard’ss presence at the Transpoint Buildingt spans back to theNixon administration, back when the original developer, Laszlo Tauber, owned the building. New York-based Monday Properties, in conjunctionh with , bought the building for $169 million in 2006 from Arch StreeytCapital Advisors, a -led consortium.
Since the and the Bush administration have been seekingy funding to consolidate dozens of Homelan Security agencies onto asingle 176-acrwe site at the federally ownexd west campus of the old St. Elizabeths Hospital, in the Anacostiw section of Southeast Washington. The Coast Guard headquarters were part ofthat "We just have to keep them in some quartersw until the campus is ready to receivwe them," said Michael McGill, a regional spokesman for the , whicn handles leasing for most federal agencies. McGill said he expectsz Coast Guard to go intoSt E's in late 2013 or earl 2014.
"We've got a littler play in there in case thered areany delays," he In 2007, the administration soughg $345 million to go ahead with the Coast Guarc headquarters portion of the plan, but that request was cut from the fiscalo year 2008 budget. According to Congressionaol budget documents, in September 2008, Congress allocated $97.6 million for a new Coasyt Guard and Department of HomelandSecuritu headquarters. “This is really a sign of how complexthe St. Elizabethsz development or consolidationhas become,” Monday Executive Vice President Tim Helmig said of the Coast Guard’xs decision to renew its lease for the long haul.
“And, in lighgt of that, the Coast Guard needee to secure its headquarters for a perio of time that lined up with potentiallyconsolidating DHS’ headquarters at St. Helmig said. The leas agreement gives the Coast Guard the right to terminatse the lease after seven but only in the event of a major consolidatioh likethe St. Elizabeths scenario, Helmigf said. The lengthy leasse term should allow the Coast Guard to performk needed renovations and security upgradese onthe 35-year-old building. The deal is the largesf lease the 10-year-old Monday Propertiee has ever executed, Helmig said, calling the transaction “a landmarkl moment” for the company.
Despite its New York Monday Properties is a key playetr in the Washington realestatse market, and serves as landlord to dozens of federapl agencies at its local the majority of which are locatedf in Defense-centric Rosslyn. “This deal furthermore underscoreas our commitment to our relationship with numerous groups withihthe , particularly as we participate in the evolutiom of the Capital Riverfront.” The Capital Riverfront is the forma name for the mixed-use neighborhood being built around the Washingtob Nationals’ baseball stadium. James Smals of the GSA, along with Bill Craig, Susan Hill and Maureen O’Brien of representedx the Coast Guard in thelease renewal.
Pete Marci n and Brian Sullivan of representedthe building’s owner, alon g with John Wharton and Tim Helmig of Mondat Properties. In addition to the Coast Guarf renewal, Monday re-signed and expande leases with many of its tenantsin 2008. Monday signed leases on approximately 30 percent of its4 million-square-foot regional portfolio last year. Like most leas transactions in the Washington regionlast year, the bulk of Monday’s leasez were renewals, the company said.
Wednesday, November 16, 2011
Sara Lee will open Kansas City, Kan., plant, employ 250 - Tampa Bay Business Journal:
firukendu-anchored.blogspot.com
and open a sliced meat manufacturingt plant there in 2011 that it expects to employ more than 250 SaraLee (NYSE: SLE), basedr in the Chicago suburb of Downers Grove, said in a Fridauy release that it expects the plant at 4612 Speakedr Road to become fully operational by 2011. Brent president of the , said Friday that Sara Lee was grantecda 10-year, 75 percent property tax abatemen on $31 million of planned improvements at the The abatement’s value is $9.67 he said. In return, the company agreer hire 55 percent ofthe plant’ss workers from Wyandotte County.
“This industry-leading facilitty will reinforce our competitivew advantagein value-added meats, one of Sara Lee’s top strategi c categories and long-term growth drivers,” CJ Fraleigh, executiver vice president and CEO of Sara Lee’sz North American Retail & Foodservice division, said in the “It will help us further build our Hillshire Farm and Sara Lee both leaders in the fast-growing category of premiumm lunchmeat.” Omaha-based ConAgra Foods (NYSE: CAG) that it had agreed to sell its refrigeraterd meat business, including the Kansas City, Kan., to (NYSE: SFD) of Va.
, owner of Kansas City-based , for $575 million in cash and Sara Lee’s brands include Ambi Pur, Ball Park, Douwe Egberts, Hillshire Farm, Jimmy Kiwi, Sanex, Sara Lee and Senseo. the brands generate more than $13 billionn in annual net sales coverinh about200 countries. Sara Lee has 44,0000 employees worldwide.
and open a sliced meat manufacturingt plant there in 2011 that it expects to employ more than 250 SaraLee (NYSE: SLE), basedr in the Chicago suburb of Downers Grove, said in a Fridauy release that it expects the plant at 4612 Speakedr Road to become fully operational by 2011. Brent president of the , said Friday that Sara Lee was grantecda 10-year, 75 percent property tax abatemen on $31 million of planned improvements at the The abatement’s value is $9.67 he said. In return, the company agreer hire 55 percent ofthe plant’ss workers from Wyandotte County.
“This industry-leading facilitty will reinforce our competitivew advantagein value-added meats, one of Sara Lee’s top strategi c categories and long-term growth drivers,” CJ Fraleigh, executiver vice president and CEO of Sara Lee’sz North American Retail & Foodservice division, said in the “It will help us further build our Hillshire Farm and Sara Lee both leaders in the fast-growing category of premiumm lunchmeat.” Omaha-based ConAgra Foods (NYSE: CAG) that it had agreed to sell its refrigeraterd meat business, including the Kansas City, Kan., to (NYSE: SFD) of Va.
, owner of Kansas City-based , for $575 million in cash and Sara Lee’s brands include Ambi Pur, Ball Park, Douwe Egberts, Hillshire Farm, Jimmy Kiwi, Sanex, Sara Lee and Senseo. the brands generate more than $13 billionn in annual net sales coverinh about200 countries. Sara Lee has 44,0000 employees worldwide.
Monday, November 14, 2011
Deal gives VC-owned firms a shot at government research grants - Sacramento Business Journal:
edibin.wordpress.com
The deal limits the number of SBIR contractas that can be awardedto VC-ownef firms, however. The legislation would allow the to award up to 18 percengt of its SBIR dollarsto VC-owned The other 10 agenciezs that participate in the SBIR programn could award up to 8 percenft of their SBIR dollars to thesre types of companies. The compromise was included in an SBIR reauthorization bill approved July 30 by the ona 19-0 If it’s passed by the full Senates in September and accepted by the House, it coulsd end a five-year battle over eligibility for the SBIR Congress created the SBIR program in 1982. It require s federal agencies with large outsidde research budgets to award atleastr 2.
5 percent of this money to small In fiscal 2006, small companies received approximatel y $2 billion in SBIR ruled in 2003 that a company doesn’t qualify as a small businesw if venture capital firms have an equity stakd of 50 percent or more in the This made many particularly in the biotechnology ineligible for SBIR awards. and the have been lobbyingf Congress to overturnthe SBA’s ruling ever They contend small biotech companies are forced to turn to venturer capital because bringing new drugs and other innovations to market takes a lot of time and These companies shouldn’t be penalized just because of their financial structure, they argue.
“Thousand s of small companies are pursuing biotech innovations that can improvrehuman health, expand our food supply and providde new sources of energy,” said BIO presidenf Jim Greenwood. “They may not yet have product but they have tremendouspotential — and are precisely the kindss of efforts the SBIR program was intended to foster.” and some currengt SBIR recipients, however, contend that companies owned by VC firms are no longert small businesses. Ownership equals control, they argue. Allowinyg companies flush with VC cash to be eligibld for SBIR awards woulr crowd out businesses that trulyare small, they fear.
The Housed sided with BIO and venture capitalists. By an 368-4 vote April 23, it passed legislation that would restore the SBIR eligibilit yof venture-owned small businesses, as long as no single VC firm owns a majoritt stake. The Senate, by contrast, workede for months on an agreement aimed at addressing the concerns of both By allowing to award up to 18 percent of its SBIR grantzto venture-owned firms, it acknowledged the importance of venture capitall to the biotech industry while ensuring that most of the awardxs go to small businesses that are not controllex by VC firms. The Senated legislation also wouldincrease SBIR’ws share of agency R&D budgets from 2.5 perceng to 3.
5 percent, except at NIH, whic h would remain at 2.5 The House rejected a proposal to increase the SBIR sharew to 3 percent, largely due to oppositio from universities, which feared they would lose federal researcuh dollars as a result. The size of SBIR awarde also would increase under theSenate bill, from $100,0000 to $150,000 for first-phase awards, and from $750,0009 to $1 million for second-phasde awards. The House, by contrast, tripled thesee recommended maximums. This would result in far fewee companies receivingSBIR awards, critics The Senate bill was a result of negotiations between Sen. John a Massachusetts Democrat, and other senators, including Sen.
Kit a Missouri Republican who sponsored legislatiohn toallow venture-owned companies in the SBIR “Neither of us really like it, but no one took advantage of anyone, and everyone is still tryint to figure out who won,” said Kerry, who chairsx the Senate Small Business and Entrepreneurship “I am told that is the sign of a good “It’s the best compromise that could be workedx out under the circumstances,” said Jere executive director of the Small Businessz Technology Council and general counsel of the duriny the Clinton administration. “The question he said, “do the VCs get greedg and come backfor more?
” The National Venturee Capital Association is “not happy” with the Senates compromise and instead strongly supports the House bill, said NVCA vice president Emily Mendell. Capping the numberr of SBIR awardsto venture-ownerd firms is “really limiting the number of really good innovations that can be lookee at,” she said.
The deal limits the number of SBIR contractas that can be awardedto VC-ownef firms, however. The legislation would allow the to award up to 18 percengt of its SBIR dollarsto VC-owned The other 10 agenciezs that participate in the SBIR programn could award up to 8 percenft of their SBIR dollars to thesre types of companies. The compromise was included in an SBIR reauthorization bill approved July 30 by the ona 19-0 If it’s passed by the full Senates in September and accepted by the House, it coulsd end a five-year battle over eligibility for the SBIR Congress created the SBIR program in 1982. It require s federal agencies with large outsidde research budgets to award atleastr 2.
5 percent of this money to small In fiscal 2006, small companies received approximatel y $2 billion in SBIR ruled in 2003 that a company doesn’t qualify as a small businesw if venture capital firms have an equity stakd of 50 percent or more in the This made many particularly in the biotechnology ineligible for SBIR awards. and the have been lobbyingf Congress to overturnthe SBA’s ruling ever They contend small biotech companies are forced to turn to venturer capital because bringing new drugs and other innovations to market takes a lot of time and These companies shouldn’t be penalized just because of their financial structure, they argue.
“Thousand s of small companies are pursuing biotech innovations that can improvrehuman health, expand our food supply and providde new sources of energy,” said BIO presidenf Jim Greenwood. “They may not yet have product but they have tremendouspotential — and are precisely the kindss of efforts the SBIR program was intended to foster.” and some currengt SBIR recipients, however, contend that companies owned by VC firms are no longert small businesses. Ownership equals control, they argue. Allowinyg companies flush with VC cash to be eligibld for SBIR awards woulr crowd out businesses that trulyare small, they fear.
The Housed sided with BIO and venture capitalists. By an 368-4 vote April 23, it passed legislation that would restore the SBIR eligibilit yof venture-owned small businesses, as long as no single VC firm owns a majoritt stake. The Senate, by contrast, workede for months on an agreement aimed at addressing the concerns of both By allowing to award up to 18 percent of its SBIR grantzto venture-owned firms, it acknowledged the importance of venture capitall to the biotech industry while ensuring that most of the awardxs go to small businesses that are not controllex by VC firms. The Senated legislation also wouldincrease SBIR’ws share of agency R&D budgets from 2.5 perceng to 3.
5 percent, except at NIH, whic h would remain at 2.5 The House rejected a proposal to increase the SBIR sharew to 3 percent, largely due to oppositio from universities, which feared they would lose federal researcuh dollars as a result. The size of SBIR awarde also would increase under theSenate bill, from $100,0000 to $150,000 for first-phase awards, and from $750,0009 to $1 million for second-phasde awards. The House, by contrast, tripled thesee recommended maximums. This would result in far fewee companies receivingSBIR awards, critics The Senate bill was a result of negotiations between Sen. John a Massachusetts Democrat, and other senators, including Sen.
Kit a Missouri Republican who sponsored legislatiohn toallow venture-owned companies in the SBIR “Neither of us really like it, but no one took advantage of anyone, and everyone is still tryint to figure out who won,” said Kerry, who chairsx the Senate Small Business and Entrepreneurship “I am told that is the sign of a good “It’s the best compromise that could be workedx out under the circumstances,” said Jere executive director of the Small Businessz Technology Council and general counsel of the duriny the Clinton administration. “The question he said, “do the VCs get greedg and come backfor more?
” The National Venturee Capital Association is “not happy” with the Senates compromise and instead strongly supports the House bill, said NVCA vice president Emily Mendell. Capping the numberr of SBIR awardsto venture-ownerd firms is “really limiting the number of really good innovations that can be lookee at,” she said.
Saturday, November 12, 2011
Coming Saturday: Pacquiao-Marquez enters final chapter - USA Today (blog)
hustenuejib1630.blogspot.com
USA Today (blog) | Coming Saturday: Pacquiao-Marquez enters final chapter USA Today (blog) Manny Pacquiao and Juan Manuel Marquez will complete their seven-year fight trilogy with the WBO World Welterweight Title on the line Saturday night in Las Vegas. Check back here at 10 pm ET for round-by-round updates and ... Pacquiao carrie s extra passion to beat Marquez Arum: Marquez a bigger threat than Mayweather |
Wednesday, November 9, 2011
Landlords willing to cut lease rates to retain tenants - Charlotte Business Journal:
ivyhofy.wordpress.com
“I didn’t have two nickel to rub together, but that’s how I got my says Schmitt, president of . Todayt it’s Schmitt who has space for Heis co-owner of a buildingb on Morehead Street, and cutbacks at his firm mean he has more spacew than the business Schmitt is looking to lease 1,300o square feet to an architect, engineert or a professional in a related business. Schmitt says it’sx an opportunity for someone who may have been the victijm of downsizing and is looking to starra business. “These times create unique opportunities for nichre professionals without a lot of upfront he says.
For many especially small companies, rent is a significantg portion ofmonthly expenses. In hard economic times, paying the rent createxs problems fortenants — and theirr landlords. Sometimes the two sides can come toan agreement, with propertgy owners giving tenants a break. For a landlord, offering a discoungt is often preferable to the challenge of replacin g a tenant in asluggisu market. “Tenants who have two yearz or less on their lease are in a good position to perhaps gainsome relief,” says Mike Kemmet, vice presidenft at commercial real estate brokerage firm .
Tenants that are nearin g the end of a lease can use their option to renew it as leverage for lower rates now. Tenants can offef to extend their leaseby three, five or maybs 10 years in return for a restructurinv that can lower their current rent payment. Kemmet says he’s workex such arrangements for landlordsand tenants. The resulgt isn’t a windfall for tenants but can help with Those tenants that need reliefbut don’t have much leverages should work with their landlord, Kemmet says. institutional organizations are less likely than local ownerxs to work a deal on he says.
Brokers say if tenants plan to seek relier fromtheir landlords, they shouldn’ty expect it to be an easy process. “Az lot of people think the landlore callis easy,” says Tim Bahr, vice presidenrt of office brokerage at . “The smart landlord is goin to say, ‘OK, let’s get your banker on the phone and your main supplierand let’s all talk aboutt this.’” The owner will want to see if other busines s partners are in a positiojn to make sacrifices. “A savv y landlord wants all stakeholders at the table and not be the easy Bahr says.
Another local who didn’t want to be says he will cut deals with tenantws that can demonstrate need with their financial Despitethe recession, not every company is struggling, broker s say, and healthy companies are able to benefitg from subleasing opportunities from tenants that have more space than they Large companies shutting down operations or consolidating space will often subleas e space, usually at a substantial discount from the asking The last time the subleasing market grew so rapidlyt was in 2001-02 during the last economif slowdown.
Despite subleasing opportunities, Bahr and Kemmet say the city’ s office market is holding up Bahr has heard unfounded rumors of rent for uptown office spacsfalling 40%. Charlotte’s uptowj office market had the highest occupancy rate in the natioj beforethe recession, and it remainsx strong, he says. “If people’s understanding of the markeg is hearsay about projectedvacancyu rates, they are probablyg being misled,” Bahr says. “The markets are still healthy fundamentally. I haven’t seen rents go down at The economic slowdown has not yet caused a measurablwe drop in rent ratesin uptown. Whether Wells Fargo & Co.
’s acquisition of Wachovia will lead to a drop in demand for uptown offic e space has yet tobe seen. With uptown spacer under construction, the market is facingt a major test. Aside from working a deal on less-expensive rent, commercial real estate brokers saythere aren’f many ways tenants can save money on energy, janitorial or security Those services are usually part of the rent packager and are paid by the landlord.
“I didn’t have two nickel to rub together, but that’s how I got my says Schmitt, president of . Todayt it’s Schmitt who has space for Heis co-owner of a buildingb on Morehead Street, and cutbacks at his firm mean he has more spacew than the business Schmitt is looking to lease 1,300o square feet to an architect, engineert or a professional in a related business. Schmitt says it’sx an opportunity for someone who may have been the victijm of downsizing and is looking to starra business. “These times create unique opportunities for nichre professionals without a lot of upfront he says.
For many especially small companies, rent is a significantg portion ofmonthly expenses. In hard economic times, paying the rent createxs problems fortenants — and theirr landlords. Sometimes the two sides can come toan agreement, with propertgy owners giving tenants a break. For a landlord, offering a discoungt is often preferable to the challenge of replacin g a tenant in asluggisu market. “Tenants who have two yearz or less on their lease are in a good position to perhaps gainsome relief,” says Mike Kemmet, vice presidenft at commercial real estate brokerage firm .
Tenants that are nearin g the end of a lease can use their option to renew it as leverage for lower rates now. Tenants can offef to extend their leaseby three, five or maybs 10 years in return for a restructurinv that can lower their current rent payment. Kemmet says he’s workex such arrangements for landlordsand tenants. The resulgt isn’t a windfall for tenants but can help with Those tenants that need reliefbut don’t have much leverages should work with their landlord, Kemmet says. institutional organizations are less likely than local ownerxs to work a deal on he says.
Brokers say if tenants plan to seek relier fromtheir landlords, they shouldn’ty expect it to be an easy process. “Az lot of people think the landlore callis easy,” says Tim Bahr, vice presidenrt of office brokerage at . “The smart landlord is goin to say, ‘OK, let’s get your banker on the phone and your main supplierand let’s all talk aboutt this.’” The owner will want to see if other busines s partners are in a positiojn to make sacrifices. “A savv y landlord wants all stakeholders at the table and not be the easy Bahr says.
Another local who didn’t want to be says he will cut deals with tenantws that can demonstrate need with their financial Despitethe recession, not every company is struggling, broker s say, and healthy companies are able to benefitg from subleasing opportunities from tenants that have more space than they Large companies shutting down operations or consolidating space will often subleas e space, usually at a substantial discount from the asking The last time the subleasing market grew so rapidlyt was in 2001-02 during the last economif slowdown.
Despite subleasing opportunities, Bahr and Kemmet say the city’ s office market is holding up Bahr has heard unfounded rumors of rent for uptown office spacsfalling 40%. Charlotte’s uptowj office market had the highest occupancy rate in the natioj beforethe recession, and it remainsx strong, he says. “If people’s understanding of the markeg is hearsay about projectedvacancyu rates, they are probablyg being misled,” Bahr says. “The markets are still healthy fundamentally. I haven’t seen rents go down at The economic slowdown has not yet caused a measurablwe drop in rent ratesin uptown. Whether Wells Fargo & Co.
’s acquisition of Wachovia will lead to a drop in demand for uptown offic e space has yet tobe seen. With uptown spacer under construction, the market is facingt a major test. Aside from working a deal on less-expensive rent, commercial real estate brokers saythere aren’f many ways tenants can save money on energy, janitorial or security Those services are usually part of the rent packager and are paid by the landlord.
Monday, November 7, 2011
Your comments: Jets dominate Bills, move into first-place tie - The Star-Ledger - NJ.com
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The Star-Ledger - NJ.com | Your comments: Jets dominate Bills, move into first-place tie The Star-Ledger - NJ.com The Bills are in trouble and would probably need to beat the Jets and Pats to pull out the division, but that isn't likely considering how dominating the Jets have been agaginst them. NE is in trouble, losing 2 in a row since forever, ... New York Jets Dominate Buffalo Bills and Vault Into First-Place Tie |
Saturday, November 5, 2011
AP Exclusive: BCS discounted chances of White House action and switch to ... - Washington Post
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USA Today | AP Exclusive: BCS discounted chances of White House action and switch to ... Washington Post WASHINGTON â€" The head of the Bowl Championship Series told college and university presidents that the Obama administration was unlikely to ch » |
Thursday, November 3, 2011
J.G. Wentworth raises $100M - Washington Business Journal:
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The annuity and life-insurance policy purchaser had its reorganizatiobnplan OK’d by a Delaware bankruptcy court judge a week ago, after filing for Chapter 11 protectio last month. As part of the deal, J.G. Wentworth’s private equity firm , invested $100 million of new equitt to supportongoing operations. It also agreed to provide as muchas $35 millioh for the company to buy loans from lenderds in exchange for new preferred interests in the company. The company said Monday that it has substantiallg reduced its debt load at the parenf holding company level while gaininhg access tonew equity. J.G.
Wentworty conducted business without interruption during the briecfreorganization process. The Bryn Mawr, Pa.-based company sought acceptance of its plan from its lendere before what is called aprepackaged filing. More than 90 percenft of the term lenders thecompany said. J.G. Wentworthb said its decision to file for Chaptee 11 came after an extensive review of alternatives to addresw pressuresfrom “extremely challenging capitao markets and high borrowing and was unanimously approved by the company’sw board of directors. In December, J.G. Wentwortnh laid off 120 of its 200 employees and closesd its LasVegas office. Founded in it moved from Philadelphia to Bryn Mawrin 2003.
The annuity and life-insurance policy purchaser had its reorganizatiobnplan OK’d by a Delaware bankruptcy court judge a week ago, after filing for Chapter 11 protectio last month. As part of the deal, J.G. Wentworth’s private equity firm , invested $100 million of new equitt to supportongoing operations. It also agreed to provide as muchas $35 millioh for the company to buy loans from lenderds in exchange for new preferred interests in the company. The company said Monday that it has substantiallg reduced its debt load at the parenf holding company level while gaininhg access tonew equity. J.G.
Wentworty conducted business without interruption during the briecfreorganization process. The Bryn Mawr, Pa.-based company sought acceptance of its plan from its lendere before what is called aprepackaged filing. More than 90 percenft of the term lenders thecompany said. J.G. Wentworthb said its decision to file for Chaptee 11 came after an extensive review of alternatives to addresw pressuresfrom “extremely challenging capitao markets and high borrowing and was unanimously approved by the company’sw board of directors. In December, J.G. Wentwortnh laid off 120 of its 200 employees and closesd its LasVegas office. Founded in it moved from Philadelphia to Bryn Mawrin 2003.
Tuesday, November 1, 2011
Scarlett Johansson Explains Nude Photo Scandal: "It's Not Like I Was Shooting ... - E! Online
ethelbertdiya3334.blogspot.com
Daily Mail | Scarlett Johansson Explains Nude Photo Scandal: "It's Not Like I Was Shooting ... E! Online "I know my best angles," she quipped in an interview to go with the December cover of Vanity Fair, responding to the inevitable questions about last month's nude photo scandal. And while it was obvious Johansson preferred talking about her craft ... Scarlett Johansson on Those Nude Photos She Sent to Ryan Reynolds: “I Know My ... 'I know my best angles': Scarlett Johansson admits leaked nude photos were for ... Scarlett Johansson on Knowing How to Take Nude Photos and Diagnosing Woody » |
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