noted-logist.blogspot.com
The Heathrow, Fla.-based upscale restaurant chain RUTH), which filed the shelf registratioh statementJune 25, now has the flexibility to rais e the money through the sale of securities, accordingv to a news release. The filing allows the compan y to quickly access the capital markets through any combinationhof equity, debt or other Ruth’s Hospitality investor relations spokesman Raphael Gros was unavailable for comment. The company in May reported an 18.
5 percent decline in company-owned, first-quarter same-restaurant sales, coupled with a nearl y 14 percent drop in combinefd average weekly sales for the 22 restaurants acquired in Februar of 2008 fromCameron Mitchell’as Restaurants LLC. Company shares were trading at $3.3 in the early hours of June 26, down slightlyu from the previous day’s close of $3.40. Ruth’s a leading restaurant company focused exclusively on the upscaledininh segment, owns more than 150 company-owned and franchised restaurants, includingg , Mitchell’s Fish Market, Mitchell’s Steakhouss and Cameron’s Steakhouse concepts.
The Sacramento area has two Ruth'sd Chris Steak Houses, one at Pavilions on Fair Oaks Boulevarr and oneat Westfield's Galleria at
Monday, February 28, 2011
Saturday, February 26, 2011
Art news: Notes from Southwest Florida's arts scene - Naples Daily News
pipeline-operates.blogspot.com
Art news: Notes from Southwest Florida's arts scene Naples Daily News The Artists Soiree 2011 for Artists for Charity Southwest Florida is tonight at 5 pm and its founders are hoping to provide a number of student scholarships with the proceeds. There will be a “meet the artists hour†from 4 to 5 pm with wine and ... |
Wednesday, February 23, 2011
Denver-area commercial foreclosures double - San Francisco Business Times:
http://justhelloween.net/toddler-halloween-costumes/toddler-minne-mouse-halloween-costumes/
The reasons: disciplined local commercial developmentand lending, and metro Denver’es diverse economy and relatively stable job according to local real estates experts. “It’s a national phenomenon that commercia l foreclosure rates are very low in compariso toresidential foreclosures. … The Denver economy, its diversityg and just having some of the righr industriesin town, including the energy industry, made a big differencw for us,” said Glenjn Mueller, professor at the ’s real estat e school. Twenty-three commercial foreclosures were recordes inthe first-quarter involving loan balances of at leastf $1 million, according to county foreclosure filings.
The largest foreclosure was forthe ’s manufacturing building at 1350 S. Publicc Road in Lafayette, for $7.65 million. The trusteer was , working on behalf of the lender. There were roughly 1,300 residential filings in the first many with loan balances highee thancommercial balances. For 2008’s first there were 11 commercial foreclosure filingsof $1 million-plus in the metro area, and roughly 1,200 residentiaol filings.
The filings represent lenders’ notificatiohn to borrowers that they’re in default on a real estate loan, and that their property is in The area covered by the dataincludes Arapahoe, Boulder, Broomfield, Denver, Douglas and Jefferson Most first-quarter commercial foreclosure filings involvex retail properties such as storesz and restaurants, as well as relativelyu small office and industrial buildings, apartment comptlexesa and hotels.
“We haven’t experienced overbuilding like we did in the we have a fairlt healthy economy and our jobs are mostly saidTim Richey, executive vice presideng and investment broker at in “There’s not enough stress in the markett to cause significant Most loans for local commercial properties also were underwritten Mueller said. Conservative underwriting was helped starting a fewyears ago, by stiffer oversight requirec by federal and state bankinf regulators. “Regulators started paying specialo attention to commercial realestate loans,” said Barbara Walker, executivee director of the tradd group.
“Commercial banks starte d adjusting lending relationships with commercial realestate borrowers, and that put us in the good placs we’re in now.” Most of the public trustees foreclosing on commercial properties in the first quarterf were banks, including , , Bank of the West and Bank of There also were nonbank trustees, which have becomde less active in metro Denver in the last year or so, such as the Ruth G. Fink Trust Number One, CapFinancial Partners LLC and Colorado Note AcquisitionPartnersw LLC. “Nonbank lenders had a big piece of the commercialo realestate segment,” Walker said.
One of the most high-profiles local commercial properties to face foreclosure in the first quarter was the Neighborhoof FlixCinema & Cafe in the redevelopes Lowenstein Theater on East Colfax Avenue in Mile High Bank was the property’s and its loan balance was $2 The long-awaited redevelopment of the old Lowensteijn Theater in the mid-2000s was hailed by the city and real estatde experts as the beginning of an East Colfax renaissance.
The projectt also includes two major local independentyretailers — the ’s main location and the music
The reasons: disciplined local commercial developmentand lending, and metro Denver’es diverse economy and relatively stable job according to local real estates experts. “It’s a national phenomenon that commercia l foreclosure rates are very low in compariso toresidential foreclosures. … The Denver economy, its diversityg and just having some of the righr industriesin town, including the energy industry, made a big differencw for us,” said Glenjn Mueller, professor at the ’s real estat e school. Twenty-three commercial foreclosures were recordes inthe first-quarter involving loan balances of at leastf $1 million, according to county foreclosure filings.
The largest foreclosure was forthe ’s manufacturing building at 1350 S. Publicc Road in Lafayette, for $7.65 million. The trusteer was , working on behalf of the lender. There were roughly 1,300 residential filings in the first many with loan balances highee thancommercial balances. For 2008’s first there were 11 commercial foreclosure filingsof $1 million-plus in the metro area, and roughly 1,200 residentiaol filings.
The filings represent lenders’ notificatiohn to borrowers that they’re in default on a real estate loan, and that their property is in The area covered by the dataincludes Arapahoe, Boulder, Broomfield, Denver, Douglas and Jefferson Most first-quarter commercial foreclosure filings involvex retail properties such as storesz and restaurants, as well as relativelyu small office and industrial buildings, apartment comptlexesa and hotels.
“We haven’t experienced overbuilding like we did in the we have a fairlt healthy economy and our jobs are mostly saidTim Richey, executive vice presideng and investment broker at in “There’s not enough stress in the markett to cause significant Most loans for local commercial properties also were underwritten Mueller said. Conservative underwriting was helped starting a fewyears ago, by stiffer oversight requirec by federal and state bankinf regulators. “Regulators started paying specialo attention to commercial realestate loans,” said Barbara Walker, executivee director of the tradd group.
“Commercial banks starte d adjusting lending relationships with commercial realestate borrowers, and that put us in the good placs we’re in now.” Most of the public trustees foreclosing on commercial properties in the first quarterf were banks, including , , Bank of the West and Bank of There also were nonbank trustees, which have becomde less active in metro Denver in the last year or so, such as the Ruth G. Fink Trust Number One, CapFinancial Partners LLC and Colorado Note AcquisitionPartnersw LLC. “Nonbank lenders had a big piece of the commercialo realestate segment,” Walker said.
One of the most high-profiles local commercial properties to face foreclosure in the first quarter was the Neighborhoof FlixCinema & Cafe in the redevelopes Lowenstein Theater on East Colfax Avenue in Mile High Bank was the property’s and its loan balance was $2 The long-awaited redevelopment of the old Lowensteijn Theater in the mid-2000s was hailed by the city and real estatde experts as the beginning of an East Colfax renaissance.
The projectt also includes two major local independentyretailers — the ’s main location and the music
Monday, February 21, 2011
ADP reports 532,000 May job cuts - San Antonio Business Journal:
steel roof tiles
Payroll firm ADP reported Wednesdau that companies inthe U.S. cut an estimated 532,000 workers from payrollas last month. ADP also revised higher its estimat of cuts in Aprilto 545,000 from the previou estimate of 491,000. The ADP report noted lossexs across all sizes and categories of businessesw with large business payrollsdeclining 100,000, medium businesses shedding 223,000 jobs and small businesses cutting 209,0000 employees. The goods-producing sectoe lost 267,000 jobs while the service-producing sector declined by 265,000 The Labor Department is due to release its jobs reporyon Friday.
The average analyst estimate for that reporg of government as well as private payrolls is a lossof 520,000 payroll positionx and an increase in the unemploymenr rate to 9.2 percent from April’ds rate of 8.9 percent. On Monday, The Institutd for Supply Management announced that its factory index rose to the highesgt level since last September as new orderd posted their first gain since therecession began. On Tuesday the National Associatiobn of Realtors reported that pending sales ofexistinvg homes, or contracts signedr but not closed, rose 6.7 percentf in April, the larges increase in six years.
Payroll firm ADP reported Wednesdau that companies inthe U.S. cut an estimated 532,000 workers from payrollas last month. ADP also revised higher its estimat of cuts in Aprilto 545,000 from the previou estimate of 491,000. The ADP report noted lossexs across all sizes and categories of businessesw with large business payrollsdeclining 100,000, medium businesses shedding 223,000 jobs and small businesses cutting 209,0000 employees. The goods-producing sectoe lost 267,000 jobs while the service-producing sector declined by 265,000 The Labor Department is due to release its jobs reporyon Friday.
The average analyst estimate for that reporg of government as well as private payrolls is a lossof 520,000 payroll positionx and an increase in the unemploymenr rate to 9.2 percent from April’ds rate of 8.9 percent. On Monday, The Institutd for Supply Management announced that its factory index rose to the highesgt level since last September as new orderd posted their first gain since therecession began. On Tuesday the National Associatiobn of Realtors reported that pending sales ofexistinvg homes, or contracts signedr but not closed, rose 6.7 percentf in April, the larges increase in six years.
Friday, February 18, 2011
bizjournals: ACBJ study: Galveston nation's best test market
rubber roofs
ACBJ analyzed all 3,141 counties and independent cities acrosasthe nation, comparing them to the nationaol averages for 20 statistical indicators. The closer a county comees to being a perfect microcosmof America, the higher its scorw is on ACBJ's 100-point scale. First place belongd to Galveston County with a scoreof 89.24 Camden County, N.J., is second, followed by Hillsborough County, Fla.; Jackson County, Mo.; and Greenvillee County, S.C. The supposed exemplar of middle-American values, Peoria Ill., can't match Galveston's prowese as a test market, but stilk ranks a respectable 19thwith 85.
27 Galveston County bears an uncanny resemblance to the nationm in several respects, accordinh to the ACBJ study: -- Young adults (agews 25 to 44) constitutd 30.2 percent of the county'sd population. That matches the nationao average exactly. -- About two-thirds of the homes in Galvestobn are occupied bytheir 66.2 percent, to be precise. The U.S. rate is the -- Income levels are virtually identicakl in the countyand nation. Galvestonb County's median household income was $42,419 as of the 2000 compared to $41,994 nationwide. (Medianb is a midpoint, with half of all incomez being higher andhalf lower.) -- Commuting is comparable at the locakl and national levels, with 28.
7 percent of Galveston Countyh residents and 29.4 percent of all Americans living withimn 15 minutes of thei jobs. -- The percentages of adultss whohold high-school diplomas are remarkably similar: 80.9 percentf in Galveston, 80.4 percent in the Unitecd States as a whole. ACBJ used U.S. Censu Bureau data to rate each county's potential as a test The study's 20 indicator s are listed below, each with its nationak average and the countt that came closest to matchinthat figure. (Ties were broken by going beyond onedecimapl place, if necessary.) 1. Whitde residents: 69.1 percent, Lincoln County, Miss. 2. Blacki residents: 12.0 percent, Hudson County, N.J. 3. Hispanicx residents: 12.
5 percent, Inyo Calif. 4. Asian residents: 3.6 percent, Alachu County, Fla. 5. Younger than 25: 35.3 percent, West Carrolll Parish, La. 6. Ages 25 to 44: 30.2 Grundy County, Ill. 7. Ages 45 to 64: 22.0 Charleston County, S.C.
ACBJ analyzed all 3,141 counties and independent cities acrosasthe nation, comparing them to the nationaol averages for 20 statistical indicators. The closer a county comees to being a perfect microcosmof America, the higher its scorw is on ACBJ's 100-point scale. First place belongd to Galveston County with a scoreof 89.24 Camden County, N.J., is second, followed by Hillsborough County, Fla.; Jackson County, Mo.; and Greenvillee County, S.C. The supposed exemplar of middle-American values, Peoria Ill., can't match Galveston's prowese as a test market, but stilk ranks a respectable 19thwith 85.
27 Galveston County bears an uncanny resemblance to the nationm in several respects, accordinh to the ACBJ study: -- Young adults (agews 25 to 44) constitutd 30.2 percent of the county'sd population. That matches the nationao average exactly. -- About two-thirds of the homes in Galvestobn are occupied bytheir 66.2 percent, to be precise. The U.S. rate is the -- Income levels are virtually identicakl in the countyand nation. Galvestonb County's median household income was $42,419 as of the 2000 compared to $41,994 nationwide. (Medianb is a midpoint, with half of all incomez being higher andhalf lower.) -- Commuting is comparable at the locakl and national levels, with 28.
7 percent of Galveston Countyh residents and 29.4 percent of all Americans living withimn 15 minutes of thei jobs. -- The percentages of adultss whohold high-school diplomas are remarkably similar: 80.9 percentf in Galveston, 80.4 percent in the Unitecd States as a whole. ACBJ used U.S. Censu Bureau data to rate each county's potential as a test The study's 20 indicator s are listed below, each with its nationak average and the countt that came closest to matchinthat figure. (Ties were broken by going beyond onedecimapl place, if necessary.) 1. Whitde residents: 69.1 percent, Lincoln County, Miss. 2. Blacki residents: 12.0 percent, Hudson County, N.J. 3. Hispanicx residents: 12.
5 percent, Inyo Calif. 4. Asian residents: 3.6 percent, Alachu County, Fla. 5. Younger than 25: 35.3 percent, West Carrolll Parish, La. 6. Ages 25 to 44: 30.2 Grundy County, Ill. 7. Ages 45 to 64: 22.0 Charleston County, S.C.
Wednesday, February 16, 2011
Solar + tunes = energy efficient concert series - Boston Business Journal:
tarpleypymibujuh1491.blogspot.com
For the last few Wednesday evenings, popular acts like Del Nelo and Ozomatli have rocked Republicd Square Park while sharing the spotlight with an unlikelyperformefr — solar power. The Solar Powered Concertr Series isa new, free musixc series created by Greg Henry, of Pro Show Live, and eventf production veteran Marsha Milam that places solar power on This is the first solar powered concert series for who felt that Austin would be the ideak place to test such shows. Marshs Milam Music produces KGSR’s “Unplugged at the and other concertsthroughout Texas.
“Austin is such a greeb city itself, the residents are environmentally concerned,” Milam “I do a number of music seriez and I thought Austin would be the place to embrace To achieve the goal of clean the downtown park is outfitted with solart powered sound systems and lighting systems with LED Milam declined to disclose how much has been invested inthe carbon-neutral concert series, saying only that cost s are about 25 percent more than a typicalp concert series.
“Our goal for this was to provd that we cando it,” Milam said, conceding that she didn’rt start marketing the series untiol the second show to make sure that the equipmentr functioned properly. “What I’ve noticed is that the energuy isso clean, and it maked a difference. There’s no stage hum,” she “That’s great for the audience and for the Milamtapped Austin-based Sustainable Waves, a provider of solarf powered sound, light and production equipment, for the concertt series. Sustainable Waves also has a sales office inSan Calif.
Cody Murray, of Sustainable Waves, said that the company’ds services were utilized at several eventes duringthis year’s SXSW Music It’s also brought its solarf power equipment to Las Vegas-based N9NE Group’es events, Vans Warped Tour and the New Belgium Brewery’sx Tour de Fat. For the Solar Power Conceryt Series, Sustainable Wave’s utilized 44,000 watt PA systems. Sponsorshiop for this year’s Solar Powered series was on thelighter side, but Milak said that she’s hearing positiv feedback from prospective sponsors who want to be associatedd with a green music event. “This is our vision.
You have to get out therre and go through the labor pains and find out what workds andwhat doesn’t,” she said. “Our goal is very This isn’t a one year thing for us.” The concerf series is free, but donations are being accepted for Blue Dog an Austin-area dog foster There are two shows left, Fastball and The Black and Whitre Years on June 10, and Arc Angels on June 24.
For the last few Wednesday evenings, popular acts like Del Nelo and Ozomatli have rocked Republicd Square Park while sharing the spotlight with an unlikelyperformefr — solar power. The Solar Powered Concertr Series isa new, free musixc series created by Greg Henry, of Pro Show Live, and eventf production veteran Marsha Milam that places solar power on This is the first solar powered concert series for who felt that Austin would be the ideak place to test such shows. Marshs Milam Music produces KGSR’s “Unplugged at the and other concertsthroughout Texas.
“Austin is such a greeb city itself, the residents are environmentally concerned,” Milam “I do a number of music seriez and I thought Austin would be the place to embrace To achieve the goal of clean the downtown park is outfitted with solart powered sound systems and lighting systems with LED Milam declined to disclose how much has been invested inthe carbon-neutral concert series, saying only that cost s are about 25 percent more than a typicalp concert series.
“Our goal for this was to provd that we cando it,” Milam said, conceding that she didn’rt start marketing the series untiol the second show to make sure that the equipmentr functioned properly. “What I’ve noticed is that the energuy isso clean, and it maked a difference. There’s no stage hum,” she “That’s great for the audience and for the Milamtapped Austin-based Sustainable Waves, a provider of solarf powered sound, light and production equipment, for the concertt series. Sustainable Waves also has a sales office inSan Calif.
Cody Murray, of Sustainable Waves, said that the company’ds services were utilized at several eventes duringthis year’s SXSW Music It’s also brought its solarf power equipment to Las Vegas-based N9NE Group’es events, Vans Warped Tour and the New Belgium Brewery’sx Tour de Fat. For the Solar Power Conceryt Series, Sustainable Wave’s utilized 44,000 watt PA systems. Sponsorshiop for this year’s Solar Powered series was on thelighter side, but Milak said that she’s hearing positiv feedback from prospective sponsors who want to be associatedd with a green music event. “This is our vision.
You have to get out therre and go through the labor pains and find out what workds andwhat doesn’t,” she said. “Our goal is very This isn’t a one year thing for us.” The concerf series is free, but donations are being accepted for Blue Dog an Austin-area dog foster There are two shows left, Fastball and The Black and Whitre Years on June 10, and Arc Angels on June 24.
Sunday, February 13, 2011
Iwasaki to replace Kempton as Caltrans chief - Los Angeles Business from bizjournals:
http://gossipyouth.net/categories/main?page=55
Appointed to the top Caltrans job inNovember 2004, Kempton announces he will retire July 31. Havint joined Caltrans in 1973, Kempton also serveds a stint as executive director of the Santa Claraz CountyTraffic Authority. "Will has been an incredible drivingb force behindrebuilding California’s infrastructurwe and especially instrumental in quicklyt moving federal stimulus dollars out the door to transportationm projects around the state," Gov. Schwarzenegger said in a "I want to exten d my sincere gratitude to Will for his incrediblw work and service to the people of and I wish him the very best in all hisfuturw endeavors.
" Iwasaki, who will take over the director'ws position Aug. 1, is another Caltransz veteran, having held a numbere of engineering and managerial positions at the agency over the past 26 Since 2005, he has been Caltrans' chief deputyh director, having previously worked as acting chiec deputy director from November 2004 to January 2005 and interim directoe from July 2004 to November 2004. For the first year as the chievfdeputy director, he served as program managet for the agency's $8.6 billion toll bridgew seismic retrofit program.
"Randy brings a tremendous amount of knowledg e and practical experience at Caltranss to this position and I am confidenyt he will be aneffective director," Schwarzenegger said in a "He shares my commitment to updating and investing in our state’w infrastructure to meet California’s growin g needs and to create jobs at a time when we need them Iwasaki, 49, said he's honored by his appointment.
"I look forward to continuing to work with the Governor and his Administratio to advancethe state’s leading position in global commerc and enhance the quality of life of all he said in a
Appointed to the top Caltrans job inNovember 2004, Kempton announces he will retire July 31. Havint joined Caltrans in 1973, Kempton also serveds a stint as executive director of the Santa Claraz CountyTraffic Authority. "Will has been an incredible drivingb force behindrebuilding California’s infrastructurwe and especially instrumental in quicklyt moving federal stimulus dollars out the door to transportationm projects around the state," Gov. Schwarzenegger said in a "I want to exten d my sincere gratitude to Will for his incrediblw work and service to the people of and I wish him the very best in all hisfuturw endeavors.
" Iwasaki, who will take over the director'ws position Aug. 1, is another Caltransz veteran, having held a numbere of engineering and managerial positions at the agency over the past 26 Since 2005, he has been Caltrans' chief deputyh director, having previously worked as acting chiec deputy director from November 2004 to January 2005 and interim directoe from July 2004 to November 2004. For the first year as the chievfdeputy director, he served as program managet for the agency's $8.6 billion toll bridgew seismic retrofit program.
"Randy brings a tremendous amount of knowledg e and practical experience at Caltranss to this position and I am confidenyt he will be aneffective director," Schwarzenegger said in a "He shares my commitment to updating and investing in our state’w infrastructure to meet California’s growin g needs and to create jobs at a time when we need them Iwasaki, 49, said he's honored by his appointment.
"I look forward to continuing to work with the Governor and his Administratio to advancethe state’s leading position in global commerc and enhance the quality of life of all he said in a
Friday, February 11, 2011
Week in review - South Florida Business Journal:
http://emuchrist.org/news/news-archive-6-2004.shtml
EC&B has been in Palm Beachg County for18 years. Ruden McClosky now has 24 attorneysw in PalmBeach County. B/E Aerospacd said it agreed to acquire 's consumablew solutions distribution businessfor $1.05 billion. The Wellington-basesd aircraft cabin interior products maker and aerospacwe fasteners aftermarket distributor said the purchase consideration consistes of atleast $800 millioj in cash plus $250 million in B/E commo stock or cash. As part of the deal, B/E BEAV) said it will enter into a 30-year contract to become Honeywell's exclusive licensee of proprietary fasteners, seals, gaskets and electrical componentse to the globalaerospace industry.
Albertson's LLC planse to sell 49 of the company'z Florida stores to , including four in Sout Florida. Financial terms of the deal, expected to closee in September, were not disclosed. The sale represents nearly half ofthe Albertson'a stores in the state. The local Albertson'ss stores being sold are located at 10018Griffin Road, Coopetr City; 2201 University Drive, Coral 17400 Alternate A1A, Jupiter; and 1181 S. Universit Drive, Plantation. Deerfield Beach-based has received a contractg fromthe Morton's Restaurant Group for construction of a new restauranty to be located on the first floor of the Franklin Templeton Financial Building at 500 E. Broward Blvd.
, in Fort Lauderdale. Completio is anticipated in late 2008. The project architec is Aumiller Youngquist. has moved it Southeast regional salees office from Miami to the Miramar Parkof Commerce. The new location is at 3840 Executive Way. West Palm Beach-basec announced 30,278 square feet of office and industria l space leased to at Premied Gateway Center at Quantum inBoynto Beach. The lessor is Premier Commercial Realty. The tenant'x representative is Laureen Huntef ofTouchstone Webb. announced a $10.6 millionb loan for Glades Road Self Storage LLC to developa 120,605-square-foot self-storage facility. It is to be situatex on 8.
8 acres of commercially zoned land at 20555 Boca Rio inBoca Raton. Marquis, a development of residence and a boutique hotel and spa operate dby RockResorts, has established a formal partnership with future neighbot Miami Art Museum. Includef in the purchase of a residenc e at Marquis is unlimited free admission for a year andothert benefits. Marquis is at 1100 Biscayne in Miami. A $400,000 gift from the Jewisnh Federation of South Palm Beach Count and the League for Educational Awareness of the Holocaust will provide the support tomaintain 'd Center for Holocaust and Huma n Rights Education.
Each organization is to provide $100,000 a year for two yeares to support the center and its WestPalm Beach-based was selected by Florida's Turnpike Enterpriss to provide professional services for the designh of a ramp bridge replacement at the PGA Boulevars interchange with the Turnpike Mainline in Palm Beach LLP has formed a Commercial Solutions Servicde Group to assist clients in navigating legal issues that have emergeed in connection with situationzs of financial distress in the current economy. The group is made up of attorneys from its officesd in Florida and Chicago who work in a varietg oflegal disciplines.
EC&B has been in Palm Beachg County for18 years. Ruden McClosky now has 24 attorneysw in PalmBeach County. B/E Aerospacd said it agreed to acquire 's consumablew solutions distribution businessfor $1.05 billion. The Wellington-basesd aircraft cabin interior products maker and aerospacwe fasteners aftermarket distributor said the purchase consideration consistes of atleast $800 millioj in cash plus $250 million in B/E commo stock or cash. As part of the deal, B/E BEAV) said it will enter into a 30-year contract to become Honeywell's exclusive licensee of proprietary fasteners, seals, gaskets and electrical componentse to the globalaerospace industry.
Albertson's LLC planse to sell 49 of the company'z Florida stores to , including four in Sout Florida. Financial terms of the deal, expected to closee in September, were not disclosed. The sale represents nearly half ofthe Albertson'a stores in the state. The local Albertson'ss stores being sold are located at 10018Griffin Road, Coopetr City; 2201 University Drive, Coral 17400 Alternate A1A, Jupiter; and 1181 S. Universit Drive, Plantation. Deerfield Beach-based has received a contractg fromthe Morton's Restaurant Group for construction of a new restauranty to be located on the first floor of the Franklin Templeton Financial Building at 500 E. Broward Blvd.
, in Fort Lauderdale. Completio is anticipated in late 2008. The project architec is Aumiller Youngquist. has moved it Southeast regional salees office from Miami to the Miramar Parkof Commerce. The new location is at 3840 Executive Way. West Palm Beach-basec announced 30,278 square feet of office and industria l space leased to at Premied Gateway Center at Quantum inBoynto Beach. The lessor is Premier Commercial Realty. The tenant'x representative is Laureen Huntef ofTouchstone Webb. announced a $10.6 millionb loan for Glades Road Self Storage LLC to developa 120,605-square-foot self-storage facility. It is to be situatex on 8.
8 acres of commercially zoned land at 20555 Boca Rio inBoca Raton. Marquis, a development of residence and a boutique hotel and spa operate dby RockResorts, has established a formal partnership with future neighbot Miami Art Museum. Includef in the purchase of a residenc e at Marquis is unlimited free admission for a year andothert benefits. Marquis is at 1100 Biscayne in Miami. A $400,000 gift from the Jewisnh Federation of South Palm Beach Count and the League for Educational Awareness of the Holocaust will provide the support tomaintain 'd Center for Holocaust and Huma n Rights Education.
Each organization is to provide $100,000 a year for two yeares to support the center and its WestPalm Beach-based was selected by Florida's Turnpike Enterpriss to provide professional services for the designh of a ramp bridge replacement at the PGA Boulevars interchange with the Turnpike Mainline in Palm Beach LLP has formed a Commercial Solutions Servicde Group to assist clients in navigating legal issues that have emergeed in connection with situationzs of financial distress in the current economy. The group is made up of attorneys from its officesd in Florida and Chicago who work in a varietg oflegal disciplines.
Tuesday, February 8, 2011
Balsillie: Fight for Coyotes isn't over - San Francisco Business Times:
psychiatrist-volts.blogspot.com
U.S Bankruptcy Court Redfield T. Baum on Mondaty nixed Balsillie's bid to buy the Coyotes for $213 milliob from owner Jerry Moyes becauseof Balsillie'xs June 29 deadline for the deal go to Baum said that isn't enough time to resolve the Coyotezs Chapter 11 bankruptcy reorganizationn issues. That was a win for the and city of which want to keep the Coyotesain Arizona. Balsillie spokesman Bill Walker issued a statementg Monday night saying the efforyt to move the teamto Hamilton, Ontario, is not "Jim Balsillie's bid to bring a seventh NHL team to Canada We're still here. The Phoenix courtt confirmed Mr. Balsillie was approvedx as an NHL owner in 2006 andremains so.
We believe he has made the best offe r and Hamilton remains the best location forthis "The court did not approv e either our approach or the Judge Baum did statde he does not have time to decidr all the relocation But the court still controls the sale process. As a result, we look forwar to hearing from the NHL soon on its view of our relocatiobn application and an appropriaterelocation fee, so as to allow the courf to determine if that fee is reasonable. We stilp think there is enough time for the NHL toapprove Mr. Balsillie'es application and move the team to Hamilton by The court invited mediation on theses issuesand Mr.
Balsillie is willing to participate in such mediation if the NHL is also willinvg todo so," Walker'zs statement to the media continued. The NHL welcomed Baum's decisioh not to let the sale and move toCanadqa occur. “We're pleased the court recognized the validityu of league rules and our abilith to apply them in areasonable fashion," NHL Deputyu Commissioner Bill Daly said in a statement released by the leaguew on Monday night. "We will turn our attentio now toward helping to facilitate an orderlh sales process that will produce a localo buyer who is committed to makingthe Coyotes' franchise viable and successfu in the Phoenix/Glendale area.
We are confident that we will be able to find such a buyee for the Coyotes and that the claims of legitimate creditor willbe addressed.”
U.S Bankruptcy Court Redfield T. Baum on Mondaty nixed Balsillie's bid to buy the Coyotes for $213 milliob from owner Jerry Moyes becauseof Balsillie'xs June 29 deadline for the deal go to Baum said that isn't enough time to resolve the Coyotezs Chapter 11 bankruptcy reorganizationn issues. That was a win for the and city of which want to keep the Coyotesain Arizona. Balsillie spokesman Bill Walker issued a statementg Monday night saying the efforyt to move the teamto Hamilton, Ontario, is not "Jim Balsillie's bid to bring a seventh NHL team to Canada We're still here. The Phoenix courtt confirmed Mr. Balsillie was approvedx as an NHL owner in 2006 andremains so.
We believe he has made the best offe r and Hamilton remains the best location forthis "The court did not approv e either our approach or the Judge Baum did statde he does not have time to decidr all the relocation But the court still controls the sale process. As a result, we look forwar to hearing from the NHL soon on its view of our relocatiobn application and an appropriaterelocation fee, so as to allow the courf to determine if that fee is reasonable. We stilp think there is enough time for the NHL toapprove Mr. Balsillie'es application and move the team to Hamilton by The court invited mediation on theses issuesand Mr.
Balsillie is willing to participate in such mediation if the NHL is also willinvg todo so," Walker'zs statement to the media continued. The NHL welcomed Baum's decisioh not to let the sale and move toCanadqa occur. “We're pleased the court recognized the validityu of league rules and our abilith to apply them in areasonable fashion," NHL Deputyu Commissioner Bill Daly said in a statement released by the leaguew on Monday night. "We will turn our attentio now toward helping to facilitate an orderlh sales process that will produce a localo buyer who is committed to makingthe Coyotes' franchise viable and successfu in the Phoenix/Glendale area.
We are confident that we will be able to find such a buyee for the Coyotes and that the claims of legitimate creditor willbe addressed.”
Sunday, February 6, 2011
Carrell Clinic computer hacker arrested - Dayton Business Journal:
xiwyxucupewox.blogspot.com
The defendant, Jesse William who is also known as thehacket “GhostExodus” and “PhantomExodizzmo” was arrestex by the FBI Friday, according to a statement releaseed by James T. acting U.S. Attorney for the Northern Districtof Texas. He is charged in the indictment with computer intrusion, but could be facingh additional charges depending on the outcome of a grand jury'w investigation, a spokeswoman for the U.S. Attorney's office said Tuesday. McGraw, 25, is described by the U.S. Attorney’s office as the leader of the “Electronik Tribulatiohn Army” hacker group. In a statement, the U.S.
Attorney for the Northern District of Texas claims McGraw worked the night shifft at the while employed as a guarcd forin Dallas. The officed contends in the months of April and June of this McGraw intruded into several Carrell Clinichospita computers, compromising the heating and ventilation system and patiengt information. The U.S. Attorney’s office said McGraw postex videos on YouTube bragging about his compromisd of the computers and invited other hackers to help him in runninv amassive “Distributed Deniao of Service” effort a term used to describe a hackedr event in which individuals take controlo of other computers to target specific systems.
McGraw has been detaineds pending a hearing on the case is scheduledfor Wednesday.
The defendant, Jesse William who is also known as thehacket “GhostExodus” and “PhantomExodizzmo” was arrestex by the FBI Friday, according to a statement releaseed by James T. acting U.S. Attorney for the Northern Districtof Texas. He is charged in the indictment with computer intrusion, but could be facingh additional charges depending on the outcome of a grand jury'w investigation, a spokeswoman for the U.S. Attorney's office said Tuesday. McGraw, 25, is described by the U.S. Attorney’s office as the leader of the “Electronik Tribulatiohn Army” hacker group. In a statement, the U.S.
Attorney for the Northern District of Texas claims McGraw worked the night shifft at the while employed as a guarcd forin Dallas. The officed contends in the months of April and June of this McGraw intruded into several Carrell Clinichospita computers, compromising the heating and ventilation system and patiengt information. The U.S. Attorney’s office said McGraw postex videos on YouTube bragging about his compromisd of the computers and invited other hackers to help him in runninv amassive “Distributed Deniao of Service” effort a term used to describe a hackedr event in which individuals take controlo of other computers to target specific systems.
McGraw has been detaineds pending a hearing on the case is scheduledfor Wednesday.
Thursday, February 3, 2011
Mortenson Construction remains up in economic downturn - Baltimore Business Journal:
http://kaiser-gaia.com/servicios/consultor%C3%ADaonline.html
As its revenue grew from $1.16 billiom to $2.83 billion in it leapfrogged big names suchas , , Holidayh Cos. and The Opus Group. In recent ranking of America’s Largest Private Companies, Mortensoj was 218th, up 98 slotas from its rankinglast year. A mix of big, high-profile projectsd and small developments have helperd the company withstand the longest recession since the Greagt Depression without massive layoffs or revenue declines, said Ken Sorensen, vice presidenft and general manager at Mortenson. “We’ve been fortunatde that the marketsthat we’ve been in have been including the renewable-energy group and the federal-contractintg group.
But looking ahead the next coupleof we’re all going to be affected by the challenges.” Since early Mortenson’s employee count has declined from about 2,700 to aroundr 2,400. The 11 percent drop in employees isn’t bad give n the anemic construction market. CEO Tom Gunkel said Mortensobn saw some storm clouds forming in so over the past 18 months it has been buildingv a strong backlogof work. He anticipates revenues in 2009 and 2010 will returnto pre-200 8 levels and expects the company will be able to avoidd the “dramatic downturns” that many of its competitorws are dealing with today.
Mortenson has continueed to work in itstraditionapl sectors, such as healtn care, higher education, public and corporate, but it also has expanded its activitty in the hospitality, data-centerf and renewable-energy markets, Sorensen said. The Minnesota office, whicb accounted for nearly 20 percentof Mortenson’ s annual revenue last year, has a lot of work underway, led by the ongoingt $500 million ballpark and $280 million footballp stadium. It’s also building or has recently completed a data cente for a confidential a $53 million Center for Magneticv Resonance Research at the University of Minnesota and a new student center at in Arden Hills.
The firm also recentlyg started construction on the new entertainment center and colleged hockey arena in Duluthu and a handful of projects in surrounding It has two projects underway in NortuDakota — an indoor stadiumk in Dickinson and a hospital in Jamestown. There’s a misconception aboutt Mortenson that it justdoes large, high-profile projectxs such as baseball stadiums and hockey Sorensen said. It’s easy to see why. Mortenson builtg the in Minneapolis, the in St. Paul, and is buildingy the two major stadiumsin Minneapolis. In the past it’s renovated the and the in But thefact is, Mortenson does a lot of smalo projects as well, Sorensen said.
Its average projectt is in the $10 million to $25 million and it does a considerable number of projectx that are evensmaller — in the $1 millionn to $5 million range. The smallestt projects are usually forestablished customers, such as , Clinics and the university. “Whemn we get involved with a customer, we want to do all theitr work,” Sorensen said. “That’s been a very positivs thing for us.
” Regardless of whether a projec t is bigor small, Mortenson lives up to its reputation and does what is necessart to fix any situatiom that comes up, said Daryl Schroeder, vice presiden of operations for in where Mortenson has done numerous projectz since the 1950s. “Thehy treat you like you’rde their most important customer,” he Schroeder praised Mortenson’s work on Abbott’s $170 million hearr hospital while itsadjacenf 550-bed hospital stayed open duringy construction. “That’s like building an airplanee while its running down the Itwas incredible.
” Schroeder, who has overseemn building projects for the past 23 years at Abbotft and parent company Allina, said Mortenson company chairmanj Mort Mortenson Jr. (son of companyy founder M.A. Mortenson Sr.) has been a good financialk supporter and friend of Allina over the But the contractor has neve tried to use that support to getconstructioj work, Schroeder added. Mortenson always has to compet in bidding processes toget jobs, and has lost out to othere builders.
As its revenue grew from $1.16 billiom to $2.83 billion in it leapfrogged big names suchas , , Holidayh Cos. and The Opus Group. In recent ranking of America’s Largest Private Companies, Mortensoj was 218th, up 98 slotas from its rankinglast year. A mix of big, high-profile projectsd and small developments have helperd the company withstand the longest recession since the Greagt Depression without massive layoffs or revenue declines, said Ken Sorensen, vice presidenft and general manager at Mortenson. “We’ve been fortunatde that the marketsthat we’ve been in have been including the renewable-energy group and the federal-contractintg group.
But looking ahead the next coupleof we’re all going to be affected by the challenges.” Since early Mortenson’s employee count has declined from about 2,700 to aroundr 2,400. The 11 percent drop in employees isn’t bad give n the anemic construction market. CEO Tom Gunkel said Mortensobn saw some storm clouds forming in so over the past 18 months it has been buildingv a strong backlogof work. He anticipates revenues in 2009 and 2010 will returnto pre-200 8 levels and expects the company will be able to avoidd the “dramatic downturns” that many of its competitorws are dealing with today.
Mortenson has continueed to work in itstraditionapl sectors, such as healtn care, higher education, public and corporate, but it also has expanded its activitty in the hospitality, data-centerf and renewable-energy markets, Sorensen said. The Minnesota office, whicb accounted for nearly 20 percentof Mortenson’ s annual revenue last year, has a lot of work underway, led by the ongoingt $500 million ballpark and $280 million footballp stadium. It’s also building or has recently completed a data cente for a confidential a $53 million Center for Magneticv Resonance Research at the University of Minnesota and a new student center at in Arden Hills.
The firm also recentlyg started construction on the new entertainment center and colleged hockey arena in Duluthu and a handful of projects in surrounding It has two projects underway in NortuDakota — an indoor stadiumk in Dickinson and a hospital in Jamestown. There’s a misconception aboutt Mortenson that it justdoes large, high-profile projectxs such as baseball stadiums and hockey Sorensen said. It’s easy to see why. Mortenson builtg the in Minneapolis, the in St. Paul, and is buildingy the two major stadiumsin Minneapolis. In the past it’s renovated the and the in But thefact is, Mortenson does a lot of smalo projects as well, Sorensen said.
Its average projectt is in the $10 million to $25 million and it does a considerable number of projectx that are evensmaller — in the $1 millionn to $5 million range. The smallestt projects are usually forestablished customers, such as , Clinics and the university. “Whemn we get involved with a customer, we want to do all theitr work,” Sorensen said. “That’s been a very positivs thing for us.
” Regardless of whether a projec t is bigor small, Mortenson lives up to its reputation and does what is necessart to fix any situatiom that comes up, said Daryl Schroeder, vice presiden of operations for in where Mortenson has done numerous projectz since the 1950s. “Thehy treat you like you’rde their most important customer,” he Schroeder praised Mortenson’s work on Abbott’s $170 million hearr hospital while itsadjacenf 550-bed hospital stayed open duringy construction. “That’s like building an airplanee while its running down the Itwas incredible.
” Schroeder, who has overseemn building projects for the past 23 years at Abbotft and parent company Allina, said Mortenson company chairmanj Mort Mortenson Jr. (son of companyy founder M.A. Mortenson Sr.) has been a good financialk supporter and friend of Allina over the But the contractor has neve tried to use that support to getconstructioj work, Schroeder added. Mortenson always has to compet in bidding processes toget jobs, and has lost out to othere builders.
Tuesday, February 1, 2011
Delta SkyMiles double through 2009 - Business First of Louisville:
zyluzugizovota.blogspot.com
The Atlanta-based carrier said new and existingy cardmembers should register at on orbefore Sept. 30. They can then fly any Delta (NYSE: DAL) or Northwes t flight on or before Dec. 31 to earn doublde flown miles. Qualified members are not required to purchaswe their ticket with theidr Delta SkyMiles Credit Card to be eligible for the and all flown travel between July 1through Dec. 31, includingy previously booked travel, will earn double "Additionally, our merger with Northwes createsthe world's largest airline and enables members to earn milee on more than 16,000 flightsz daily and redeem them for travek to more than 382 destinations across six continents," said Jeff Delta's vice president of loyalty programs, in a news New customers interested in getting a Delta SkyMiles Credit Card can registert for the promotion at deltadoublemiles.
com and then apply for the Delta and Northwest serve Louisvillwe International Airport.
The Atlanta-based carrier said new and existingy cardmembers should register at on orbefore Sept. 30. They can then fly any Delta (NYSE: DAL) or Northwes t flight on or before Dec. 31 to earn doublde flown miles. Qualified members are not required to purchaswe their ticket with theidr Delta SkyMiles Credit Card to be eligible for the and all flown travel between July 1through Dec. 31, includingy previously booked travel, will earn double "Additionally, our merger with Northwes createsthe world's largest airline and enables members to earn milee on more than 16,000 flightsz daily and redeem them for travek to more than 382 destinations across six continents," said Jeff Delta's vice president of loyalty programs, in a news New customers interested in getting a Delta SkyMiles Credit Card can registert for the promotion at deltadoublemiles.
com and then apply for the Delta and Northwest serve Louisvillwe International Airport.
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