Parlamento de República de Corea ratifica acuerdo de libre comercio con Perú Centro de Información por Internet de China La Asamblea Nacional de la República de Corea ratificó hoy un acuerdo de libre comercio (ALC) con Perú, lo que prepara el camino para una mayor cooperación entre las dos naciones. La ratificación tuvo lugar después de que el Comité de Asuntos ... |
Thursday, June 30, 2011
Parlamento de República de Corea ratifica acuerdo de libre comercio con Perú - Centro de Información por Internet de China
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Tuesday, June 28, 2011
PAS Technologies promotes Spriggs to CTO - Business Courier of Cincinnati:
tarpleypymibujuh1491.blogspot.com
Spriggs was vice president of product developmenyt of the privately held NorthKansax City-based company. He started with PAS Technologies’ predecessord company, , in 1996 as businesw unit manager of new product PAS said in a Thursday As CTO, he will overse e the company’s long-term technology strategy. “We’rre doing this because we feel that technology is the way to grow and satisftour customers,” company spokeswoman Marsha Farmer said Spriggs has 35 years of experiencee in operations and engineering assignments for , , and , as well as independen t consulting in the aviatiom and power generation industries, PAS said. He has received six U.S.
patentsa in his own name or as co-inventor. PAS Technologiess specializes inproviding cost-effective repair and overhaul servicez for the aerospace and industrial markets. It has about 600 about 280 of whom work in the KansazsCity area, Farmer said.
Spriggs was vice president of product developmenyt of the privately held NorthKansax City-based company. He started with PAS Technologies’ predecessord company, , in 1996 as businesw unit manager of new product PAS said in a Thursday As CTO, he will overse e the company’s long-term technology strategy. “We’rre doing this because we feel that technology is the way to grow and satisftour customers,” company spokeswoman Marsha Farmer said Spriggs has 35 years of experiencee in operations and engineering assignments for , , and , as well as independen t consulting in the aviatiom and power generation industries, PAS said. He has received six U.S.
patentsa in his own name or as co-inventor. PAS Technologiess specializes inproviding cost-effective repair and overhaul servicez for the aerospace and industrial markets. It has about 600 about 280 of whom work in the KansazsCity area, Farmer said.
Saturday, June 25, 2011
LiLo's claim Kombucha tea caused booze test failure vague, says expert - DailyIndia.com
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LiLo's claim Kombucha tea caused booze test failure vague, says expert DailyIndia.com New York, June 25: An expert has said that Lindsay Lohan's claim that Kombucha tea had caused her to fail a booze test, is very vague. The label of the fermented tea says its contains less than 0.5 percent alcohol. "It's never going to read. ... Lindsay Lohan Shouts The Word 'Tea' At Everyone Sniffing Her For Booze Pong |
Thursday, June 23, 2011
'True Blood' Season 4: Meet The New Vampires, Witches, Shapeshifters Of Bon Temps! - MTV.com
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'True Blood' Season 4: Meet The New Vampires, Witches, Shapeshifters Of Bon Temps! MTV.com days away, what better time to meet the new vampires, witches and shapeshifters moving into town? We caught up with the cast at this week's premiere event in LA and asked them to give a primerâ€â€a Character 101, if you willâ€â€on their juicy roles. ... |
Tuesday, June 21, 2011
Week in review - Washington Business Journal:
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percent, according to from the 2009 NationalDriveres Test. Nationwide, GMAC founed 20.1 percent of licensed Americans, or about 41 millioh drivers, would not pass a written driving test if taken Idaho and Wisconsin drivers tied for first in the with an average test scoreof 80.6 percent; New York driverx ranked last, with an average score of 70.5 When comparing genders, men are still more likelyy to pass the test than women, but the gap is considerablu smaller in 2009 (81 perceny of males versus 79 percent of females) than in 2008 (87 percenty of males versus 80 percent of according to the report.
Baptist Health South Floridas could not climb out of the red for the secondr quarter endedMarch 31, as its investment losses wiped out its operating income, according to a reporr the nonprofit issued to its bondholders. The Miami-baserd health care provider lost $24.8 million on operating revenueof $530.2 million in its seconr quarter. That’s improved from a loss of $26.7 million on operating revenuesof $470.2 million in the same quarte r of 2008. Baptist Health earned $30.7y million in the secon quarter from the operations of its five hospitals and othermedical facilities. However, that was negatee by a $49.1 million realized investment loss, among other accountinbg charges.
The nonprofit still had a strongcapitaol base, with $1.26 billio n in net assets as of March 31, down from $1.489 billion in net assets at the same time last South Florida’s eighth-largest accounting firm, Rachlin LLP, is mergingg with LLP, the largest accounting firm on New York’ Long Island. Newsletter Inside Public Accounting rankedMarcum & Kliegman the nation’s 23rd-largest accountint firm for 2008, with net revenue of $123.2 million. It had a 28 perceng growth rate.
Miami-based Rachlin ranked 81st, with $36 million in net revenuer and a 3 percent growth After the June1 merger, the combined firm will be knownh as Marcum in the and Rachlin will change its name to MarcumRachlin, a division of Marcuj LLP. The combined firm would have rankee 20th on the Inside Public Accounting list basedxon $159 million in net revenue. Following a two-yea investigation, the Miami-Dade State Attorney’se Office has cleared Miami CommissionerMichelle Spence-Jonea of allegations she accepted bribes associated with two high-profile residentiao projects.
She also was cleared of allegations that she interferee with city personnel decisions tied to the Miamji Department of Parksand Recreation, and accepted kickbacks during the time she was a cultura l arts coordinator for the city. Joseph Centorino, Miami-Dadse County’s public corruption division explained ina six-page memo that no evidence was discoveredf of payments to the commissioner for her support of the ’w proposed Grove Bay Residences project on waterfront land ownecd by Mercy Hospital. Stock Building Supplyh has become another casualty of thehousingg downturn. The Raleigh, N.C.
-based building and construction materialw supplier notified the that it will close its Homesteac plant on or about July 12 and lay off abougt141 employees. Its British parent company, , cut 40 percent of the company’w 11,000 jobs since 2006. Triangles Business Journal, a sister publication, reported on May 18 that the companyh was cutting as manyas 2,20 0 workers and canceling 210 lumberyard and showroom leases nationwided as part of its sale to a California-basefd private equity group.
percent, according to from the 2009 NationalDriveres Test. Nationwide, GMAC founed 20.1 percent of licensed Americans, or about 41 millioh drivers, would not pass a written driving test if taken Idaho and Wisconsin drivers tied for first in the with an average test scoreof 80.6 percent; New York driverx ranked last, with an average score of 70.5 When comparing genders, men are still more likelyy to pass the test than women, but the gap is considerablu smaller in 2009 (81 perceny of males versus 79 percent of females) than in 2008 (87 percenty of males versus 80 percent of according to the report.
Baptist Health South Floridas could not climb out of the red for the secondr quarter endedMarch 31, as its investment losses wiped out its operating income, according to a reporr the nonprofit issued to its bondholders. The Miami-baserd health care provider lost $24.8 million on operating revenueof $530.2 million in its seconr quarter. That’s improved from a loss of $26.7 million on operating revenuesof $470.2 million in the same quarte r of 2008. Baptist Health earned $30.7y million in the secon quarter from the operations of its five hospitals and othermedical facilities. However, that was negatee by a $49.1 million realized investment loss, among other accountinbg charges.
The nonprofit still had a strongcapitaol base, with $1.26 billio n in net assets as of March 31, down from $1.489 billion in net assets at the same time last South Florida’s eighth-largest accounting firm, Rachlin LLP, is mergingg with LLP, the largest accounting firm on New York’ Long Island. Newsletter Inside Public Accounting rankedMarcum & Kliegman the nation’s 23rd-largest accountint firm for 2008, with net revenue of $123.2 million. It had a 28 perceng growth rate.
Miami-based Rachlin ranked 81st, with $36 million in net revenuer and a 3 percent growth After the June1 merger, the combined firm will be knownh as Marcum in the and Rachlin will change its name to MarcumRachlin, a division of Marcuj LLP. The combined firm would have rankee 20th on the Inside Public Accounting list basedxon $159 million in net revenue. Following a two-yea investigation, the Miami-Dade State Attorney’se Office has cleared Miami CommissionerMichelle Spence-Jonea of allegations she accepted bribes associated with two high-profile residentiao projects.
She also was cleared of allegations that she interferee with city personnel decisions tied to the Miamji Department of Parksand Recreation, and accepted kickbacks during the time she was a cultura l arts coordinator for the city. Joseph Centorino, Miami-Dadse County’s public corruption division explained ina six-page memo that no evidence was discoveredf of payments to the commissioner for her support of the ’w proposed Grove Bay Residences project on waterfront land ownecd by Mercy Hospital. Stock Building Supplyh has become another casualty of thehousingg downturn. The Raleigh, N.C.
-based building and construction materialw supplier notified the that it will close its Homesteac plant on or about July 12 and lay off abougt141 employees. Its British parent company, , cut 40 percent of the company’w 11,000 jobs since 2006. Triangles Business Journal, a sister publication, reported on May 18 that the companyh was cutting as manyas 2,20 0 workers and canceling 210 lumberyard and showroom leases nationwided as part of its sale to a California-basefd private equity group.
Sunday, June 19, 2011
Colliers lands Meridian leasing - Charlotte Business Journal:
http://bitbest.com/en/music/page_66.html
The 1.9 million-square-foot complex at University Research Park was originally builft byIBM Corp. bought the 12-building campus in 2002 for $114 according to property Meridian Corporate Center had been managed and leasedrby Charlotte-based . Colliers is marketing 250,000 square feet of office space andabout 300,000 square feet that can be used as data Meridian Corporate Center, on 184 acresx at W.T. Harris Boulevarf and Interstate 85, is unusual because of its size and its extensiveselectrical system.
The latter includes a substationnon site, plus dual feeds from two other That provides redundant capabilitiesd critical for data centers and call A power outage occurred only once in the property’se history, and that was caused by a planew crashing into an electrical transmission system shortly after IBM constructed the buildings in 1979. Quotef lease rates are about $15 per square foot. recentlyt sold its office warehouse in the Old Hickory Businesz Park in Indian Trailfor $3.2 million, or $70.611 per square foot. The 45,320-square-foof building at 7171 Stinson Hartis Road is leased to Portablse StorageSystems Inc.
The buyers — Durham-basefd , a limited liability company — will take over management of The PODS Trinity Partners represented TrinityCapital Advisors. Vernon Averettt of representedthe buyer.
The 1.9 million-square-foot complex at University Research Park was originally builft byIBM Corp. bought the 12-building campus in 2002 for $114 according to property Meridian Corporate Center had been managed and leasedrby Charlotte-based . Colliers is marketing 250,000 square feet of office space andabout 300,000 square feet that can be used as data Meridian Corporate Center, on 184 acresx at W.T. Harris Boulevarf and Interstate 85, is unusual because of its size and its extensiveselectrical system.
The latter includes a substationnon site, plus dual feeds from two other That provides redundant capabilitiesd critical for data centers and call A power outage occurred only once in the property’se history, and that was caused by a planew crashing into an electrical transmission system shortly after IBM constructed the buildings in 1979. Quotef lease rates are about $15 per square foot. recentlyt sold its office warehouse in the Old Hickory Businesz Park in Indian Trailfor $3.2 million, or $70.611 per square foot. The 45,320-square-foof building at 7171 Stinson Hartis Road is leased to Portablse StorageSystems Inc.
The buyers — Durham-basefd , a limited liability company — will take over management of The PODS Trinity Partners represented TrinityCapital Advisors. Vernon Averettt of representedthe buyer.
Thursday, June 16, 2011
Debt, downturn drag R.H. Donnelley into Chapter 11 bankruptcy - Triangle Business Journal:
http://bankinonline.com/en/finance/page_11.html
The Cary company said that it has reacheds an agreement in principlewith “key creditor key creditore constituencies" on a reorganization plan that would reducs the company’s debt by $6.4 eliminating about $500 million in annual interesgt payments. The Chapter 11 filinbg punctuates a dramatic fallfor R.H. which had a $5 billion market capitalization inMay 2007. The company was broughf down by twomajor forces: (1) the flight of traditional Yellow Pages advertisers to the Interne t and (2) a staggerin g debt load of $9 billion, most of which was accumulatee through a series of acquisitions when the business was ridingh high.
The recession has only addeds tothe company’s woes, as evidenced by the of $401.22 million reported last month by R.H. Donnelley, whicuh said advertising sales slumped17 percent, to $598 “We just could not have anticipatede the severity of the economid downturn,” Swanson said in a telephone interview. R.H. Donnellehy (Pink Sheets: RHDC) employed 3,800 people as of March 1, company spokesmann Mike Truell said. Locally, R.H. Donnelleyt has 450 employees between its headquarters in Cary and its othe rTriangle location, in Morrisville, according to Truell.
The companhy has reduced its work force by more than 150 employees in the Triangl e and by at least 600 overall since the But Swanson told Triangle Business Journal that the companyt has no plans forfurther “It’s business as usual at R.H. Donnellet today and it will be (in the said Swanson, who says he expects his companyy to emerge from Chaptef 11 inearly 2010. As CEO sincw 2002, Swanson was the driving force behind three acquisitions totaling morethan $13 The biggest of those acquisitionsz came in 2006 when R.H. Donnelley bought larger riva at a total costof .
Beforee that, Swanson orchestrated the purchases of in 2004and Sprint’w directory publishing business in 2002, his firs t year as CEO. Asked if his compan y grew too bigtoo fast, Swanson defended the Of the Dex deal in particular, he said that his company’sa economic models projected a decline of 5 percent in printr advertising over five If that had held true, he said, R.H. Donnelleyt would have been fine. Instead, the companyh has been hit with double-digit drops in advertising revenus caused by Internet competitiomn andthe recession. “I wish it woulf have turned out differently,” Swansoj said. “No one could have put this into theirreconomic modeling.
” None of R.H. Donnelley’s bondholders have requestef anymanagement changes, Swanson said. R.H. Donnelley has tries to remake itself in recent months into a provider of online loca lsearch – in other words into a business like the ones that have siphones off much of its advertising base. But the debt proved too much to overcome withoutcreditor protection. In its filing with the U.S. Bankruptcyy Court for the Districtof R.H. Donnelley lists assets of $12.1 billion and liabilities of $12.9 billion. The compang plans to exchange its $6 billion in unsecuref bonds for 100 percent of the equityy inthe R.H. Donnelley that emerges from bankruptcy.
All existing sharew in the company will bewiped out. The company also will pay off morethan $400 million in debt before the company emerges from Chief Financial Officer Steve Blond y said. The new R.H. Donnelley will have $3 billio n in debt, Swanson said. R.H. Donnelley said that it does not anticipat needing toget debtor-in-possession financint because the company’s $300 million cash on hand and projected positiv e cash flow from operations should be sufficient to fund the businesse during the reorganization. Donnelley traces its roots to 1886, when the began publishing a phone directory thred timesa year. In 1961, the company was mergedc with Dun & Bradstreet.
After an expansion spurt, R. H. Donnelleyu was spun out of Dun Bradstreet in 1996 into an independen publiclytraded entity. R.H. Donnelley moved its headquarters to Caryfrom N.Y., in early 2004. North Carolina awarded the companya $4.3 millio Job Development Investment Grant in 2003 to make the move to the The company considered locations in Wake and Durham counties befored settling on Cary in a decision that won incentivesa from Wake County Economic Development and the town.
The Cary company said that it has reacheds an agreement in principlewith “key creditor key creditore constituencies" on a reorganization plan that would reducs the company’s debt by $6.4 eliminating about $500 million in annual interesgt payments. The Chapter 11 filinbg punctuates a dramatic fallfor R.H. which had a $5 billion market capitalization inMay 2007. The company was broughf down by twomajor forces: (1) the flight of traditional Yellow Pages advertisers to the Interne t and (2) a staggerin g debt load of $9 billion, most of which was accumulatee through a series of acquisitions when the business was ridingh high.
The recession has only addeds tothe company’s woes, as evidenced by the of $401.22 million reported last month by R.H. Donnelley, whicuh said advertising sales slumped17 percent, to $598 “We just could not have anticipatede the severity of the economid downturn,” Swanson said in a telephone interview. R.H. Donnellehy (Pink Sheets: RHDC) employed 3,800 people as of March 1, company spokesmann Mike Truell said. Locally, R.H. Donnelleyt has 450 employees between its headquarters in Cary and its othe rTriangle location, in Morrisville, according to Truell.
The companhy has reduced its work force by more than 150 employees in the Triangl e and by at least 600 overall since the But Swanson told Triangle Business Journal that the companyt has no plans forfurther “It’s business as usual at R.H. Donnellet today and it will be (in the said Swanson, who says he expects his companyy to emerge from Chaptef 11 inearly 2010. As CEO sincw 2002, Swanson was the driving force behind three acquisitions totaling morethan $13 The biggest of those acquisitionsz came in 2006 when R.H. Donnelley bought larger riva at a total costof .
Beforee that, Swanson orchestrated the purchases of in 2004and Sprint’w directory publishing business in 2002, his firs t year as CEO. Asked if his compan y grew too bigtoo fast, Swanson defended the Of the Dex deal in particular, he said that his company’sa economic models projected a decline of 5 percent in printr advertising over five If that had held true, he said, R.H. Donnelleyt would have been fine. Instead, the companyh has been hit with double-digit drops in advertising revenus caused by Internet competitiomn andthe recession. “I wish it woulf have turned out differently,” Swansoj said. “No one could have put this into theirreconomic modeling.
” None of R.H. Donnelley’s bondholders have requestef anymanagement changes, Swanson said. R.H. Donnelley has tries to remake itself in recent months into a provider of online loca lsearch – in other words into a business like the ones that have siphones off much of its advertising base. But the debt proved too much to overcome withoutcreditor protection. In its filing with the U.S. Bankruptcyy Court for the Districtof R.H. Donnelley lists assets of $12.1 billion and liabilities of $12.9 billion. The compang plans to exchange its $6 billion in unsecuref bonds for 100 percent of the equityy inthe R.H. Donnelley that emerges from bankruptcy.
All existing sharew in the company will bewiped out. The company also will pay off morethan $400 million in debt before the company emerges from Chief Financial Officer Steve Blond y said. The new R.H. Donnelley will have $3 billio n in debt, Swanson said. R.H. Donnelley said that it does not anticipat needing toget debtor-in-possession financint because the company’s $300 million cash on hand and projected positiv e cash flow from operations should be sufficient to fund the businesse during the reorganization. Donnelley traces its roots to 1886, when the began publishing a phone directory thred timesa year. In 1961, the company was mergedc with Dun & Bradstreet.
After an expansion spurt, R. H. Donnelleyu was spun out of Dun Bradstreet in 1996 into an independen publiclytraded entity. R.H. Donnelley moved its headquarters to Caryfrom N.Y., in early 2004. North Carolina awarded the companya $4.3 millio Job Development Investment Grant in 2003 to make the move to the The company considered locations in Wake and Durham counties befored settling on Cary in a decision that won incentivesa from Wake County Economic Development and the town.
Tuesday, June 14, 2011
Mattel toys with sustainable procurement - Purcon
hibleyytogoja1273.blogspot.com
Mongabay.com | Mattel toys with sustainable procurement Purcon Barbie maker Mattel has announced a sustainable procurement commitment for » |
Sunday, June 12, 2011
Obama calls for immigration reform - South Florida Business Journal:
valvookimakaj1362.blogspot.com
He also praised U.S. Sen. John R-Ariz., who was at a White Housde meeting on the issus and has supported a legal path for undocumentes immigrants and a guestworker program. “What’s also been acknowledgecd is that the 12 million or so undocumented workers are here who are not paying taxes in the waysthat we’df like them to be paying who are living in the shadows, that is a groul that we have to deal with in a common-sense way,” Obama said after the meeting.
On his formerd campaign foe, he said: “I want to especiallgy commend John McCain, who’s with me because along with folks like Lindsey he has already paid a significantt political cost for doing theright thing. I stand with him.” Obama also said he is making U.S. Homeland Security Secretary Jane t Napolitano a key point person on the immigrationrefork push. As Arizona’s former governor, Napolitano signefd an employer sanctions bill into law and backedx deployment of National Guard troops alongthe Arizona-Mexico She, however, was skeptical abouf a border wall and flirted with the idea of allowin illegal immigrants to obtain drivers licenses.
The federal governmen t also is looking to ease thenotorious wait-timesd for immigrants seeking work permits. Obama said that federal agencies are working to reduce backlogsd for Visa and work permity applications and willmove immigration-related agencies toward more consumer-friendlhy practices. The U.S. Citizenship and Immigration Service has struggled with applications backlogs frustrating immigrantswith wait-timews for assistance. “In the next 90 USCIS will launch a vastly improvecd Web sitethat will, for the first time allow applicants to get update on their status of theirf applications via e-mail and text message and Obama said at the White Houser meeting.
“And anybody who’s dealy with families who are trying to dealwith – navigat the immigration system, this is going to save them huge amountsx of time standing in line, waiting around, makinh phone calls, being put on hold. It’s an examplr of some things that we can do administratively evenas we’rr working through difficult issues surrounding comprehensive We’re going to leverage cutting-edge technology to reduce the unnecessary paperwork, backlogs, and the lack of transparench that’s caused so many people so much
He also praised U.S. Sen. John R-Ariz., who was at a White Housde meeting on the issus and has supported a legal path for undocumentes immigrants and a guestworker program. “What’s also been acknowledgecd is that the 12 million or so undocumented workers are here who are not paying taxes in the waysthat we’df like them to be paying who are living in the shadows, that is a groul that we have to deal with in a common-sense way,” Obama said after the meeting.
On his formerd campaign foe, he said: “I want to especiallgy commend John McCain, who’s with me because along with folks like Lindsey he has already paid a significantt political cost for doing theright thing. I stand with him.” Obama also said he is making U.S. Homeland Security Secretary Jane t Napolitano a key point person on the immigrationrefork push. As Arizona’s former governor, Napolitano signefd an employer sanctions bill into law and backedx deployment of National Guard troops alongthe Arizona-Mexico She, however, was skeptical abouf a border wall and flirted with the idea of allowin illegal immigrants to obtain drivers licenses.
The federal governmen t also is looking to ease thenotorious wait-timesd for immigrants seeking work permits. Obama said that federal agencies are working to reduce backlogsd for Visa and work permity applications and willmove immigration-related agencies toward more consumer-friendlhy practices. The U.S. Citizenship and Immigration Service has struggled with applications backlogs frustrating immigrantswith wait-timews for assistance. “In the next 90 USCIS will launch a vastly improvecd Web sitethat will, for the first time allow applicants to get update on their status of theirf applications via e-mail and text message and Obama said at the White Houser meeting.
“And anybody who’s dealy with families who are trying to dealwith – navigat the immigration system, this is going to save them huge amountsx of time standing in line, waiting around, makinh phone calls, being put on hold. It’s an examplr of some things that we can do administratively evenas we’rr working through difficult issues surrounding comprehensive We’re going to leverage cutting-edge technology to reduce the unnecessary paperwork, backlogs, and the lack of transparench that’s caused so many people so much
Thursday, June 9, 2011
Carstens to visit China on IMF tour: embassy - AFP
ramsdenjerrieas54.blogspot.com
Globe and Mail | Carstens to visit China on IMF tour: embassy AFP BEIJING â€" Mexican central bank governor Agustin Carstens will visit China next week to promote his bid to be the next IMF chief, his country's embassy has announced. Carstens will meet his Chinese counterpart, People's Bank of China governor Zhou ... French IMF Candidate 'Very Satisfied' After Beijing Talks Lagarde in India to get support for top IMF job Lagarde In India To Seek Support For IMF Top Job |
Tuesday, June 7, 2011
Lane4 completes purchase of three Kansas City-area shopping centers - Portland Business Journal:
inofiquxi.wordpress.com
million. The Kansas City Business Journal reported that the PrairisVillage Shops, the Corinth Squarre shopping center in Prairie Village and the Fairway Shops in Fairwayu were under contract to investorsa led by Lane4, a Kansas City-basecd commercial real estate brokerage and developmengt firm. Highwoods (NYSE: HIW), based in N.C., disclosed the sale price in aThursdayh release. The three shopping centers have a combinee 2009 appraised value ofabout $64 million, accordintg to figures from the Johnson County Appraiser’s Office. The thre e shopping centers contain 416,000 square feet combined and were, on average, 94.
5 percent leaseed and 55 years old, Highwoods The properties generate a combined annual cash net operatin income ofabout $5.4 million. The new ownersz plan no “immediate major changes” to the shoppinh centers, Jeff Berg, senior vice presidenty and principalof Lane4, said in a separate releasw Thursday. “We intend to enhance and upgradde the centers as opportunities ariseover time, but thesed improvements will not change their basic character,” Lane4 Presidentt Owen Buckley said in the release.
“We look forwarfd to taking good care of them and feel they represenrt an excellent opportunity to invest in our Kansas City developer Jess e Clyde Nichols builtthe grocery-anchored shopping center s in the mid-1900s, and the JC Nichold Co. sold them to Highwoods in 1998.
million. The Kansas City Business Journal reported that the PrairisVillage Shops, the Corinth Squarre shopping center in Prairie Village and the Fairway Shops in Fairwayu were under contract to investorsa led by Lane4, a Kansas City-basecd commercial real estate brokerage and developmengt firm. Highwoods (NYSE: HIW), based in N.C., disclosed the sale price in aThursdayh release. The three shopping centers have a combinee 2009 appraised value ofabout $64 million, accordintg to figures from the Johnson County Appraiser’s Office. The thre e shopping centers contain 416,000 square feet combined and were, on average, 94.
5 percent leaseed and 55 years old, Highwoods The properties generate a combined annual cash net operatin income ofabout $5.4 million. The new ownersz plan no “immediate major changes” to the shoppinh centers, Jeff Berg, senior vice presidenty and principalof Lane4, said in a separate releasw Thursday. “We intend to enhance and upgradde the centers as opportunities ariseover time, but thesed improvements will not change their basic character,” Lane4 Presidentt Owen Buckley said in the release.
“We look forwarfd to taking good care of them and feel they represenrt an excellent opportunity to invest in our Kansas City developer Jess e Clyde Nichols builtthe grocery-anchored shopping center s in the mid-1900s, and the JC Nichold Co. sold them to Highwoods in 1998.
Sunday, June 5, 2011
Fed: Economic conditions continue to weaken - Business First of Columbus:
zutkomi.blogspot.com
The Fed’s Beige Book economic analysis found that itsCleveland district, whicj encompasses Ohio, eastern Kentuck and western Pennsylvania, was one of 10 branchez to track worsening conditions since mid-January. Only two of the Fed’z branches, those in Philadelphia and Chicago, reportedc conditions as steady, but In the Cleveland residential construction remained sluggish with no expectations for a turnarouncdthis year. The retail industry notched slighy improvement, but the Fed said new vehicles salesremainef weak.
• Manufacturing output continued at aslowere pace, falling more than 25 percent year-over-year on Expectations for soft demand stretch into the next few contacts told the Fed. Auto production plunged in January comparec with December and ayear ago, the Fed said. Like residential builders, commercial construction companies told the Fed they expecy a significant slowdown in business to continue throughthe year, thougyh public works and energy projectds are seeing some growth. Most contacts reported cutting • Commercial and industrial lending at regiona banks remained flat or down compared withrecent months.
Consumerf lending appears to be stable to slightly up, with some bankers pointing to home equity lines of credift as a growing sector. • Energy production has remained though industrial demand along with oil and gas drilling have fallen. Several contacts told the Fed they plan to cut spendingf in the nextfew months, some citing troubles accessingv credit. • Transportation activity remained low with little change inrecentr weeks.
Conditions are expected to remainn slow or decline further throughoutthe year, the Fed
The Fed’s Beige Book economic analysis found that itsCleveland district, whicj encompasses Ohio, eastern Kentuck and western Pennsylvania, was one of 10 branchez to track worsening conditions since mid-January. Only two of the Fed’z branches, those in Philadelphia and Chicago, reportedc conditions as steady, but In the Cleveland residential construction remained sluggish with no expectations for a turnarouncdthis year. The retail industry notched slighy improvement, but the Fed said new vehicles salesremainef weak.
• Manufacturing output continued at aslowere pace, falling more than 25 percent year-over-year on Expectations for soft demand stretch into the next few contacts told the Fed. Auto production plunged in January comparec with December and ayear ago, the Fed said. Like residential builders, commercial construction companies told the Fed they expecy a significant slowdown in business to continue throughthe year, thougyh public works and energy projectds are seeing some growth. Most contacts reported cutting • Commercial and industrial lending at regiona banks remained flat or down compared withrecent months.
Consumerf lending appears to be stable to slightly up, with some bankers pointing to home equity lines of credift as a growing sector. • Energy production has remained though industrial demand along with oil and gas drilling have fallen. Several contacts told the Fed they plan to cut spendingf in the nextfew months, some citing troubles accessingv credit. • Transportation activity remained low with little change inrecentr weeks.
Conditions are expected to remainn slow or decline further throughoutthe year, the Fed
Thursday, June 2, 2011
Landlords file objections in Eddie Bauer bankruptcy - Business First of Buffalo:
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Eddie Bauer Holdings Inc. (NASDAQ: EBHI) wants a judge in U.S. bankruptc y court in Delaware to set a bid deadline of July 14 and a July 16 date to auctio offthe retailer’s But , headquartered in Santa Monica, Calif., and three otheer landlords want more time to evaluate any proposed deal. “The landlords did not create financial maladies, and should not bear the consequencesw of this bankruptcy through loss of theircontractualo rights,” Macerich and the other landlords said in a courty filing Thursday. Eddie Bauer filedx for Chapter 11 bankruptcy protectionJune 17.
The New York privates equity firm has made an offetr to buyEddie Bauer’s assets for $202 million, subjecft to an auction and bankruptcy cour t approval. CCMP has said it has agreed to keep most ofEddie Bauer’s 371 stores if it were the winningb bidder. But the compan y said it would close an undisclosed number ofunderperforminb stores. The Macerich Co. leases space to Eddie Bauer at Redmond Town Centerfin Redmond, Wash., and Portland’s Washington Also objecting in the bankruptcy case are Eddiwe Bauer landlords Southgate Mall Associates, The Forbeds Co. and Collectively the four companies lease space to 20 Eddie Bauedr stores in14 states.
Eddie Bauer Holdings Inc. (NASDAQ: EBHI) wants a judge in U.S. bankruptc y court in Delaware to set a bid deadline of July 14 and a July 16 date to auctio offthe retailer’s But , headquartered in Santa Monica, Calif., and three otheer landlords want more time to evaluate any proposed deal. “The landlords did not create financial maladies, and should not bear the consequencesw of this bankruptcy through loss of theircontractualo rights,” Macerich and the other landlords said in a courty filing Thursday. Eddie Bauer filedx for Chapter 11 bankruptcy protectionJune 17.
The New York privates equity firm has made an offetr to buyEddie Bauer’s assets for $202 million, subjecft to an auction and bankruptcy cour t approval. CCMP has said it has agreed to keep most ofEddie Bauer’s 371 stores if it were the winningb bidder. But the compan y said it would close an undisclosed number ofunderperforminb stores. The Macerich Co. leases space to Eddie Bauer at Redmond Town Centerfin Redmond, Wash., and Portland’s Washington Also objecting in the bankruptcy case are Eddiwe Bauer landlords Southgate Mall Associates, The Forbeds Co. and Collectively the four companies lease space to 20 Eddie Bauedr stores in14 states.
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