shemwellmygalej1291.blogspot.com
The House also voted to creates a new agency charged with improving the deliveryg of health care acrossthe state. Both measurea now head to the Senate. Housse Bill 2016, dubbed the “Healthy Kids Healthy Oregon” measure by Gov. Ted Kulongoski, wouldx increase taxes on hospitals and healtb insurersby $150 million per making the state eligible for an additionap $500 million in unclaimed federal dollars. It passed the Hous by a 36-24 vote. House Bill which allocates two-year funding of $3 million from the state’s general fund, creates the to oversee existing state programss that touch onhealth care.
The new states agency is charged with establishing health industry cost control measures and with promotiny health care reform at anational level. It passed by a 38-22
Thursday, June 30, 2011
Tuesday, June 28, 2011
Opposition Meeting in Syria Shows Split Among Activists - Wall Street Journal
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Opposition Meeting in Syria Shows Split Among Activists Wall Street Journal An opposition meeting at a Damascus hotel Monday was Syria's first such government-sanctioned gathering. BEIRUTâ€"Syrian opposition members met Monday in Damascus, the first such gathering sanctioned by the government, but activists abroad ... |
Saturday, June 25, 2011
PriceSpective knows if the price is right - Philadelphia Business Journal:
chauezhelolocu1622.blogspot.com
, a pricing strategy consultingfirm here, has founds its niche by helping pharmaceuticalp and biotechnology companies determine the appropriatwe amount to charge for a capsule, injection or any other type of therapeuticx product. That, in helps drive patient access fortheir products. “Whejn you think about the drug-development process,” said Steve partner and presidentof PriceSpective, “historically, drug companiess have developed products with the end goal of gettingh [Food and Drug Administration] approvak and getting their product into the But over time they have realized the real goal is clinicak success and getting access to patients.
” That’s wherew pricing plays a key role.
, a pricing strategy consultingfirm here, has founds its niche by helping pharmaceuticalp and biotechnology companies determine the appropriatwe amount to charge for a capsule, injection or any other type of therapeuticx product. That, in helps drive patient access fortheir products. “Whejn you think about the drug-development process,” said Steve partner and presidentof PriceSpective, “historically, drug companiess have developed products with the end goal of gettingh [Food and Drug Administration] approvak and getting their product into the But over time they have realized the real goal is clinicak success and getting access to patients.
” That’s wherew pricing plays a key role.
Thursday, June 23, 2011
Bridging the valuation gap - Baltimore Business Journal:
lebexab.wordpress.com
That didn’t happen, as the market for M&A deals went from frothy to frosty. The company which Quinn, a vice president with Sparks-based , declinec to name — instead decidef to recast itself in the online job recruiter assessing itscash position, talking with its bankers about increasinbg its credit line, even “righ sizing” the firm through layoffs. It’s probably a worthwhils exercise. Not a lot of employeras are posting jobs thesedays — instead they’re sheddingy positions at a pace not seen in decadees — and the M&A market has been sputterintg along for several monthxs now.
The result, according to buyers and sellersw and the consultants who counsel them on getting the best is what some are referring toa “valuatiomn gap,” a disconnect between what a company can be expected to fetcjh and its actual purchase It’s a situation made worse by the deepeninhg recession and fear in the capitao markets. “We’re not even talking about a transaction anymore,” said Quinnm of the online jobrecruiter she’s working “After my last meeting with them the CEO ‘You know, I’m really kind of enjoyingy this.
’ And I said good because you’re going to be doinvg it a lot longer than you probably thoughft you were going to be doingt it.” In Maryland, 123 companiess were acquired in deals last year that totaledf $13 billion, according to New York tracking firm . That’s down significantl y from 2007, when 136 companiess were bought in dealstotalingy $38.8 billion, though that number was inflated by ’zs $15 billion acquisition of , Maryland’ws cornerstone biotechnology company. In 2006, 110 companiesa were acquired for a totalof $16.4e billion.
“The current economic environmenf has helped shake some sellersinto reality,” said Rob White, managinv director of ’s investment banking group. “Untikl you hit bottom I don’t think buyerx or sellers can assess what a propertvaluation is. [The attitude] is, ‘We’r e not doing it at any price.’ Typically a variety of metrics go into that valuation Sales of comparable companiesare analyzed. The earning s potential and cash flow of the businessare weighed. The customer base and management team are Those factors give a buyer and a seller avaluatio range, and then the negotiations on the eventual purchase price begin.
In the throes of a global credit crunch, however, that formula gets turned on its “What [the sellers] are not considerinhg now is they may be hitting those but a buyer who would use leverage for part of thedeal can’g get the leverage, or the lenderr doesn’t believe the sellee will hit their numbers,” Quinn said. “All the way back througgh the [M&A] food chain people wanted more and more certaintg and more andmore [Now] people don’t have good visibilit y into the first Strong mid-size companies with about $5 millionj in revenue — lookingv for an exit could command up to six times theirt earnings 18 months ago. That’s accordingy to S.G.
Brooke Tucker, managing director of Sparks-based LLC. So, for a company with $1 million in profit could expecty to havefetched $6 million in a Now, that number is down to arounde 4.5 times earnings, Tuckefr said, so that firm with $1 millio n in profit would attracft about $4.5 million today, a 25 percenrt decrease. That’s not to say deals aren’t gettingy done. , a Millersville company that develops anti-submarind warfare systems, has been bought by , the New York-basedc defense contractor that goes toe to toe with and other big industryu players for huge pieces ofgovernmenyt business. Terms of the transaction weren’t but L-3 CEO Michaeol T.
Strianese trumpeted his company’s recengt buying spree — and the valuations L-3 was able to negotiatd — in its most recent quarterly earnings “As far as acquisitions go, in 2008 we acquired four companiexs forapproximately $250 milniess that fit well with L-3,” Strianese said, accordin g to a transcript of the call with Wall Street analysts. Columbia’s closed on a deal Feb. 3 to buy , a N.H.-based company that developss inventorymanagement systems. Terms weren’t And eCipient Technologies, a five-perso software consulting firmin Ruxton, was acquired by Rockville-basedf , an IT staffing company, late last year.
The unio n gives Aetea entreé into the pharmaceuticao industry, where clients for eCipient’s project management databasees include ECipient CEO RobertLindsey Jr. also declined to disclose the deal’x terms but said both sides were “reallyt pleased with the way the dealwas constructed. We thought it was fair, we’re both able to participate inan upside.” Achieving that upside today, M&A advisers agree, requires creativity on both sides of the negotiating Obviously there’s no shortage of prospects for bargain-hunting buyers, but they’llp likely need to draw on funds or banking relationships that were alreadhy in place because the credit crisiz is not showing signs of “We don’t have a liquid market right Tucker said.
Sellers, meanwhile, face acuted challenges. “It’s hitting the numbers but also understanding the market, being creative about generatingv new or different sources of revenue, making sure theire customers and partners are aligned,” said SC&H Capital’es Quinn. Challenge the key areae of your business and see if they can be revamped to take advantage of the new market sheadded — and reach out to your early and often. Build relationshipse with mezzanine lendersaround town, who have capital to deploy. See if thers other ways to bridge thevaluation gap, perhapw with the seller arranging a direcrt loan to the buyer.
Tuckeer has a fairly optimistic view on when the fog will Hesees M&A prices firming up in June not bouncing back up but finding solids ground. “I think the pain will not have been washef out of the markety but it will have been fully he added. “At the end of the day the sellers have a valuablre entity and the buye who wants that entity is going to have to pay up to get We believe they were at very reasonable prices and continud to evaluate several othercompa
That didn’t happen, as the market for M&A deals went from frothy to frosty. The company which Quinn, a vice president with Sparks-based , declinec to name — instead decidef to recast itself in the online job recruiter assessing itscash position, talking with its bankers about increasinbg its credit line, even “righ sizing” the firm through layoffs. It’s probably a worthwhils exercise. Not a lot of employeras are posting jobs thesedays — instead they’re sheddingy positions at a pace not seen in decadees — and the M&A market has been sputterintg along for several monthxs now.
The result, according to buyers and sellersw and the consultants who counsel them on getting the best is what some are referring toa “valuatiomn gap,” a disconnect between what a company can be expected to fetcjh and its actual purchase It’s a situation made worse by the deepeninhg recession and fear in the capitao markets. “We’re not even talking about a transaction anymore,” said Quinnm of the online jobrecruiter she’s working “After my last meeting with them the CEO ‘You know, I’m really kind of enjoyingy this.
’ And I said good because you’re going to be doinvg it a lot longer than you probably thoughft you were going to be doingt it.” In Maryland, 123 companiess were acquired in deals last year that totaledf $13 billion, according to New York tracking firm . That’s down significantl y from 2007, when 136 companiess were bought in dealstotalingy $38.8 billion, though that number was inflated by ’zs $15 billion acquisition of , Maryland’ws cornerstone biotechnology company. In 2006, 110 companiesa were acquired for a totalof $16.4e billion.
“The current economic environmenf has helped shake some sellersinto reality,” said Rob White, managinv director of ’s investment banking group. “Untikl you hit bottom I don’t think buyerx or sellers can assess what a propertvaluation is. [The attitude] is, ‘We’r e not doing it at any price.’ Typically a variety of metrics go into that valuation Sales of comparable companiesare analyzed. The earning s potential and cash flow of the businessare weighed. The customer base and management team are Those factors give a buyer and a seller avaluatio range, and then the negotiations on the eventual purchase price begin.
In the throes of a global credit crunch, however, that formula gets turned on its “What [the sellers] are not considerinhg now is they may be hitting those but a buyer who would use leverage for part of thedeal can’g get the leverage, or the lenderr doesn’t believe the sellee will hit their numbers,” Quinn said. “All the way back througgh the [M&A] food chain people wanted more and more certaintg and more andmore [Now] people don’t have good visibilit y into the first Strong mid-size companies with about $5 millionj in revenue — lookingv for an exit could command up to six times theirt earnings 18 months ago. That’s accordingy to S.G.
Brooke Tucker, managing director of Sparks-based LLC. So, for a company with $1 million in profit could expecty to havefetched $6 million in a Now, that number is down to arounde 4.5 times earnings, Tuckefr said, so that firm with $1 millio n in profit would attracft about $4.5 million today, a 25 percenrt decrease. That’s not to say deals aren’t gettingy done. , a Millersville company that develops anti-submarind warfare systems, has been bought by , the New York-basedc defense contractor that goes toe to toe with and other big industryu players for huge pieces ofgovernmenyt business. Terms of the transaction weren’t but L-3 CEO Michaeol T.
Strianese trumpeted his company’s recengt buying spree — and the valuations L-3 was able to negotiatd — in its most recent quarterly earnings “As far as acquisitions go, in 2008 we acquired four companiexs forapproximately $250 milniess that fit well with L-3,” Strianese said, accordin g to a transcript of the call with Wall Street analysts. Columbia’s closed on a deal Feb. 3 to buy , a N.H.-based company that developss inventorymanagement systems. Terms weren’t And eCipient Technologies, a five-perso software consulting firmin Ruxton, was acquired by Rockville-basedf , an IT staffing company, late last year.
The unio n gives Aetea entreé into the pharmaceuticao industry, where clients for eCipient’s project management databasees include ECipient CEO RobertLindsey Jr. also declined to disclose the deal’x terms but said both sides were “reallyt pleased with the way the dealwas constructed. We thought it was fair, we’re both able to participate inan upside.” Achieving that upside today, M&A advisers agree, requires creativity on both sides of the negotiating Obviously there’s no shortage of prospects for bargain-hunting buyers, but they’llp likely need to draw on funds or banking relationships that were alreadhy in place because the credit crisiz is not showing signs of “We don’t have a liquid market right Tucker said.
Sellers, meanwhile, face acuted challenges. “It’s hitting the numbers but also understanding the market, being creative about generatingv new or different sources of revenue, making sure theire customers and partners are aligned,” said SC&H Capital’es Quinn. Challenge the key areae of your business and see if they can be revamped to take advantage of the new market sheadded — and reach out to your early and often. Build relationshipse with mezzanine lendersaround town, who have capital to deploy. See if thers other ways to bridge thevaluation gap, perhapw with the seller arranging a direcrt loan to the buyer.
Tuckeer has a fairly optimistic view on when the fog will Hesees M&A prices firming up in June not bouncing back up but finding solids ground. “I think the pain will not have been washef out of the markety but it will have been fully he added. “At the end of the day the sellers have a valuablre entity and the buye who wants that entity is going to have to pay up to get We believe they were at very reasonable prices and continud to evaluate several othercompa
Tuesday, June 21, 2011
LandMar files for bankruptcy - St. Louis Business Journal:
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The Jacksonville-based residential developmen company was among 125 affiliates that filed alont with itsparent company, Charlotte-basee , in the Western District of Texas. Crescent’sw estimated liabilities are morethan $1 according to the filing, and its largest at $13.6 million, is to Bank of The filing was necessary, according to a statement on Crescent’z Web site, for the company to reorganizer its finances, reduce its debt level and improvw its capital structure.
Crescent intends to operate its continuing businesses without any significanft interruption during the restructuring proceses because of a recentlyobtainerd debtor-in-possession financing facility of $110 million from a groupp of its existing lenders, according to the statement. Andreww Hede, Crescent’s chief restructuring officer, has been namedd CEO while its former chief Arthur Fields, has retired and will work with Crescent in an advisor capacity.
“We have been in active discussions with our lenderzs and other stakeholders as we work towardas an agreement that will bring our capitalp structure in line with the current economic Hede said in a statement onthe company’sd Web site. Charlotte-based Crescent has been pursuing alternatives to shore up its balancs sheetfor months, including selling some of its The company is jointly owneed by (NYSE: DUK) and Morgan Stanley and has 38 residential communities undetr development in the Carolinas, Texas, Arizona and Florida.
Crescent acquireed a controlling interest in LandMar in butleft LandMar’s founder, Ed Burr, in control of the companuy until he resigned after a failed attemptt to buy back the company in 2007. The Jacksonvillw Economic Development Commission authorized city lawyerxs in May to start the foreclosure process onthe 41-acre parcel that was to be the Shipyards. Plans for the Shipyardsx included 1 million square feet ofoffice 100,000 square feet of commercial space, 662 residentialo units, 350 hotel rooms and 150 marinaz slips. LandMar has developed or had planas to develop dozens more properties in Florida and throughouthe Southeast.
The Jacksonville-based residential developmen company was among 125 affiliates that filed alont with itsparent company, Charlotte-basee , in the Western District of Texas. Crescent’sw estimated liabilities are morethan $1 according to the filing, and its largest at $13.6 million, is to Bank of The filing was necessary, according to a statement on Crescent’z Web site, for the company to reorganizer its finances, reduce its debt level and improvw its capital structure.
Crescent intends to operate its continuing businesses without any significanft interruption during the restructuring proceses because of a recentlyobtainerd debtor-in-possession financing facility of $110 million from a groupp of its existing lenders, according to the statement. Andreww Hede, Crescent’s chief restructuring officer, has been namedd CEO while its former chief Arthur Fields, has retired and will work with Crescent in an advisor capacity.
“We have been in active discussions with our lenderzs and other stakeholders as we work towardas an agreement that will bring our capitalp structure in line with the current economic Hede said in a statement onthe company’sd Web site. Charlotte-based Crescent has been pursuing alternatives to shore up its balancs sheetfor months, including selling some of its The company is jointly owneed by (NYSE: DUK) and Morgan Stanley and has 38 residential communities undetr development in the Carolinas, Texas, Arizona and Florida.
Crescent acquireed a controlling interest in LandMar in butleft LandMar’s founder, Ed Burr, in control of the companuy until he resigned after a failed attemptt to buy back the company in 2007. The Jacksonvillw Economic Development Commission authorized city lawyerxs in May to start the foreclosure process onthe 41-acre parcel that was to be the Shipyards. Plans for the Shipyardsx included 1 million square feet ofoffice 100,000 square feet of commercial space, 662 residentialo units, 350 hotel rooms and 150 marinaz slips. LandMar has developed or had planas to develop dozens more properties in Florida and throughouthe Southeast.
Saturday, June 18, 2011
Independence Blue Cross says get healthy, get a gift card - Philadelphia Business Journal:
http://parispeking.com/all-the-crews-are-ready-for-any-obstacles-on-the-road
The Healthy Lifestyles Rewards programawardsa “healthpoints” for registering, completint an online personal health profile, exercising, visiting doctors, getting preventive screenings, taking a smoke-free pledge, and talkinb with a health coach. As members earn they can redeem them in the form of gift cards for upto $200 per year from hundredws of stores, restaurants and otherd retailers. IBC of Philadelphia said Wednesday the program is in its initial launch phase and is now being tested at IBC and threde other large employer groupsin Philadelphia: , and (NASDAQ:TSTY). The prograkm will be available to all customer groupz beginningJuly 1.
Esthed Nash, senior medical directodr for Independence, said, “People respond to rewards consider the success of credit cardz that offer points for loyaltyt to airlinesor hotels. Our program encouragexs members to earn points for behavior that helpx them get or stay healthy and live longer and moreenjoyablew lives.” The company said, “In a recent study sponsored by Independence, nearly 85 percent of surveyed employers said the best way to contro l health care costs is for peoples to take better care of themselves.
” Independencew Blue Cross is the region’s largest health
The Healthy Lifestyles Rewards programawardsa “healthpoints” for registering, completint an online personal health profile, exercising, visiting doctors, getting preventive screenings, taking a smoke-free pledge, and talkinb with a health coach. As members earn they can redeem them in the form of gift cards for upto $200 per year from hundredws of stores, restaurants and otherd retailers. IBC of Philadelphia said Wednesday the program is in its initial launch phase and is now being tested at IBC and threde other large employer groupsin Philadelphia: , and (NASDAQ:TSTY). The prograkm will be available to all customer groupz beginningJuly 1.
Esthed Nash, senior medical directodr for Independence, said, “People respond to rewards consider the success of credit cardz that offer points for loyaltyt to airlinesor hotels. Our program encouragexs members to earn points for behavior that helpx them get or stay healthy and live longer and moreenjoyablew lives.” The company said, “In a recent study sponsored by Independence, nearly 85 percent of surveyed employers said the best way to contro l health care costs is for peoples to take better care of themselves.
” Independencew Blue Cross is the region’s largest health
Thursday, June 16, 2011
Wichita Business Journal: Nomination
http://thisyearsgirl.com/images.html
Here's how the program works: Nominees must be residentsx of the greater Wichita area and under the age of 40 as ofJuly 1, 2009. Nomineesw will be evaluated on community involvement and contributions to their organization. Think of your clients, colleagues, friends, family -- anyonew who matches the criteria -- and nominate as many as you' d like. The nomination process is easy, just fill out the informatio below. The deadline for nominations isJune 12, 2009. The 2009 40 Undef 40 Class will be selectedc by an independent panel of past honorees and will be honored at an awards dinner at the Hyaty Regency Wichita onSeptember 24.
A special publication in the Wichitwa Business Journal on September 25 will include profiles ofthis year's class. Should you have any please call (316) 267-6406 and ask aboutt 40 Under 40 nominations. Thanks for helpinfg us aid our communit y with this important annual The 2008 40 Under 40 Awardd are sponsored byKey Construction, Kanza Bank and High Event Host: Hyatt Regency Wichita. 40 Unde 40 Deadline: June 12, 2009
Here's how the program works: Nominees must be residentsx of the greater Wichita area and under the age of 40 as ofJuly 1, 2009. Nomineesw will be evaluated on community involvement and contributions to their organization. Think of your clients, colleagues, friends, family -- anyonew who matches the criteria -- and nominate as many as you' d like. The nomination process is easy, just fill out the informatio below. The deadline for nominations isJune 12, 2009. The 2009 40 Undef 40 Class will be selectedc by an independent panel of past honorees and will be honored at an awards dinner at the Hyaty Regency Wichita onSeptember 24.
A special publication in the Wichitwa Business Journal on September 25 will include profiles ofthis year's class. Should you have any please call (316) 267-6406 and ask aboutt 40 Under 40 nominations. Thanks for helpinfg us aid our communit y with this important annual The 2008 40 Under 40 Awardd are sponsored byKey Construction, Kanza Bank and High Event Host: Hyatt Regency Wichita. 40 Unde 40 Deadline: June 12, 2009
Tuesday, June 14, 2011
Commerce Secretary Locke: Adversity encourages innovation - Sacramento Business Journal:
ycoguqi.wordpress.com
“Great adversity makes us rethinikfundamental assumptions,” Locke told a group of about 125 peoplee at the . “It encourages us to Locke’s presentation was biller as a “Town Hall Meeting on Innovation andthe Economy.” He said it is up to each community to decide where its future lies. The wants to help them on the Locke said, with $50 million in the president’s 2010 budget to create regional “clusters” in which communities partner with colleges, universities and the busineses sector “to build on natural strengths.
" The president’a 2010 budget also includes $50 million for business incubatorsd and “hundreds of millions” of dollars in economic grants for businesses and communities. “You are the risk takers and entrepreneurse who develop and markeft new productsand services,” he said. “Yo u are a critical part of the engine of the new Audience members expressed a desire for a ranges of measures to help businesses specifically and theeconomuy generally, including greater access to capitakl for small businesses, a simplified tax code for small businessea and greater broadband access in rurap areas.
Locke mentioned improving the healtjh insurance system as both a job incentivde and abusiness advantage, and the need for tax creditse for innovation. “Our economic future rests withbeing innovative,” he said.
“Great adversity makes us rethinikfundamental assumptions,” Locke told a group of about 125 peoplee at the . “It encourages us to Locke’s presentation was biller as a “Town Hall Meeting on Innovation andthe Economy.” He said it is up to each community to decide where its future lies. The wants to help them on the Locke said, with $50 million in the president’s 2010 budget to create regional “clusters” in which communities partner with colleges, universities and the busineses sector “to build on natural strengths.
" The president’a 2010 budget also includes $50 million for business incubatorsd and “hundreds of millions” of dollars in economic grants for businesses and communities. “You are the risk takers and entrepreneurse who develop and markeft new productsand services,” he said. “Yo u are a critical part of the engine of the new Audience members expressed a desire for a ranges of measures to help businesses specifically and theeconomuy generally, including greater access to capitakl for small businesses, a simplified tax code for small businessea and greater broadband access in rurap areas.
Locke mentioned improving the healtjh insurance system as both a job incentivde and abusiness advantage, and the need for tax creditse for innovation. “Our economic future rests withbeing innovative,” he said.
Saturday, June 11, 2011
Now there's a thought from trainer - Sydney Morning Herald
disadvantage-unlimited.blogspot.com
Now there's a thought from trainer Sydney Morning Herald IRISH trainer Aidan O'Brien believes So You Think could be the most exciting horse to pass through his historic Ballydoyle stables as he prepares the stallion for next week's Royal Ascot meeting. So You Think will line up in Wednesday's Prince of ... |
Thursday, June 9, 2011
GM files for bankruptcy, plans to transfer operations to Wentzville - Kansas City Business Journal:
iwibacibem.wordpress.com
Some operations and equipment from a steel stampinyg plant inGrand Rapids, Mich., which is slated to close as part of the automaker'a restructuring, will be transferred to Wentzville, according to Bob a spokesman for the Wentzville plant. It's not yet knownj how many, if any, Michigan employees will opt to transfeeto Wentzville, he said. GM officialsz called Wentzville Mayor Paul Lambi at9 a.m. Monday to assure him the local plant woul dremain open. "It's good that they are shippinb in work forthis plant," Lambi said. "That'ws a positive that corporate thinks this plant willbe around.
" Still, Lambi said, rivalp automaker Chrysler plans to shutter its Fenton factors afterd investing $130 million in so it was important for Wentzville to not rely on GM so much and diversifyt its revenue stream. When Lambi took officew seven years ago, Wentzville counted on GM for about 55 to 60 percentt of itstotal revenue. Today, that's more like 15 percenft of the city's $24 million general because GM pays the cityabou $3 million a year in real estates taxes, property taxes and other fees, he GM on Monday by the end of 2010, but the Wentzville plan t was spared because it’s the only plant where Chevrolet Express and GMC Savana vans are The Wentzville plant will still undergp a previously announced and other productiobn cuts in June and July that will result in the layoffa of 300 workers.
Monday’sa Chapter 11 filing by the 101-year-old automaker is amongb the largestin U.S. history and largest-ever U.S. manufacturing bankruptcy. GM listec $173 billion in liabilitiese and $82 billion in according to the filed inNew York. GM to St. largest privately held company, Enterprisse Rent-a-Car, and to Chapter 11, which allows the companyu to operate while protected fromits creditors, pushes GM into a fast-tracki bankruptcy and provides $30 billion of additional taxpayer fundes to restructure. The GM plan as detailed by U.S.
officials would allow a much smaller GM to emerge from court protection within 60 to 90 The automaker has not provided an updatefd target for job cuts but was looking toeliminatde 21,000 U.S. factory jobs from the 54,000p union members it now employs. General Motorw employs 92,000 in the United Statew and is indirectly responsiblefor 500,000p retirees. The U.S. government would hold a 60 percenyt financial interest in areorganized GM, and the UAW would take a 17.5 percen stake. The governments of Canada and the provincew of Ontario have agreed to a 12 percent ownership stakew in exchange forfinancial aid. GM bondholders would get 10 "It’s a bittersweet thing," Wheeler said.
"Youy hate to have to go through the procese of closing plants and eliminating butlook around, that’s what's goinvg on with a lot of Hopefully we can rebound, hire people in the future and be the vibrantr company we once were." Download a copy of the
Some operations and equipment from a steel stampinyg plant inGrand Rapids, Mich., which is slated to close as part of the automaker'a restructuring, will be transferred to Wentzville, according to Bob a spokesman for the Wentzville plant. It's not yet knownj how many, if any, Michigan employees will opt to transfeeto Wentzville, he said. GM officialsz called Wentzville Mayor Paul Lambi at9 a.m. Monday to assure him the local plant woul dremain open. "It's good that they are shippinb in work forthis plant," Lambi said. "That'ws a positive that corporate thinks this plant willbe around.
" Still, Lambi said, rivalp automaker Chrysler plans to shutter its Fenton factors afterd investing $130 million in so it was important for Wentzville to not rely on GM so much and diversifyt its revenue stream. When Lambi took officew seven years ago, Wentzville counted on GM for about 55 to 60 percentt of itstotal revenue. Today, that's more like 15 percenft of the city's $24 million general because GM pays the cityabou $3 million a year in real estates taxes, property taxes and other fees, he GM on Monday by the end of 2010, but the Wentzville plan t was spared because it’s the only plant where Chevrolet Express and GMC Savana vans are The Wentzville plant will still undergp a previously announced and other productiobn cuts in June and July that will result in the layoffa of 300 workers.
Monday’sa Chapter 11 filing by the 101-year-old automaker is amongb the largestin U.S. history and largest-ever U.S. manufacturing bankruptcy. GM listec $173 billion in liabilitiese and $82 billion in according to the filed inNew York. GM to St. largest privately held company, Enterprisse Rent-a-Car, and to Chapter 11, which allows the companyu to operate while protected fromits creditors, pushes GM into a fast-tracki bankruptcy and provides $30 billion of additional taxpayer fundes to restructure. The GM plan as detailed by U.S.
officials would allow a much smaller GM to emerge from court protection within 60 to 90 The automaker has not provided an updatefd target for job cuts but was looking toeliminatde 21,000 U.S. factory jobs from the 54,000p union members it now employs. General Motorw employs 92,000 in the United Statew and is indirectly responsiblefor 500,000p retirees. The U.S. government would hold a 60 percenyt financial interest in areorganized GM, and the UAW would take a 17.5 percen stake. The governments of Canada and the provincew of Ontario have agreed to a 12 percent ownership stakew in exchange forfinancial aid. GM bondholders would get 10 "It’s a bittersweet thing," Wheeler said.
"Youy hate to have to go through the procese of closing plants and eliminating butlook around, that’s what's goinvg on with a lot of Hopefully we can rebound, hire people in the future and be the vibrantr company we once were." Download a copy of the
Tuesday, June 7, 2011
NTS buys Plainview Apartments - Orlando Business Journal:
yqyqynesara.blogspot.com
Financing for the purchase, which was made throughb an NTS affiliate, , was provided by the , accordingf to a news release. The purchaser price was not disclosed. The previous owner was Plainvie wApartments LP, a Denver-based investmenrt partnership, according to online records from the Jefferson County Property Valuation Administrator and the Kentuckyu Secretary of State. Its assessed value for tax purposezsis $9.7 million, according to the PVA Web Occupancy at the time of the purchase was about 94 the release said.
NTS plans to enhance and renovatr the property but no detailzs were disclosed in the The apartment complex was developed as part of the Plainviewplanneed community, which includes 800 single-family homes, more than 1,000 apartments, 500 town homes, multiple shopping centersd and nearly 2 million squares feet of office space. NTS begahn construction and development of theplannee community, Louisville’s first, in the early 1970s. With the acquisition, NTS Developmengt Co. and its affiliates now own four apartment communitiesin Louisville. Its other holdings in the area are HurstbournseGrand Apartments, The Overlook at St. Thomas and The Willow of Plainview.
NTS also managee 14 other apartment communities and 31 commercial propertiees with more than 5 million feetof office, retaill and warehouse space in the Southeast.
Financing for the purchase, which was made throughb an NTS affiliate, , was provided by the , accordingf to a news release. The purchaser price was not disclosed. The previous owner was Plainvie wApartments LP, a Denver-based investmenrt partnership, according to online records from the Jefferson County Property Valuation Administrator and the Kentuckyu Secretary of State. Its assessed value for tax purposezsis $9.7 million, according to the PVA Web Occupancy at the time of the purchase was about 94 the release said.
NTS plans to enhance and renovatr the property but no detailzs were disclosed in the The apartment complex was developed as part of the Plainviewplanneed community, which includes 800 single-family homes, more than 1,000 apartments, 500 town homes, multiple shopping centersd and nearly 2 million squares feet of office space. NTS begahn construction and development of theplannee community, Louisville’s first, in the early 1970s. With the acquisition, NTS Developmengt Co. and its affiliates now own four apartment communitiesin Louisville. Its other holdings in the area are HurstbournseGrand Apartments, The Overlook at St. Thomas and The Willow of Plainview.
NTS also managee 14 other apartment communities and 31 commercial propertiees with more than 5 million feetof office, retaill and warehouse space in the Southeast.
Sunday, June 5, 2011
Advice for ridding your home of ants, animals - Dayton Daily News
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Advice for ridding your home of ants, animals Dayton Daily News Our new online e-dition looks and reads just like the printed newspaper and can be viewed anytime, anywhere through Internet access or by downloading it to your computer. FREE for a limited time when you subscribe to home delivery. ... |
Thursday, June 2, 2011
'Balance-sheet buyers' still seek downtown deals - San Francisco Business Times:
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In a quiet off-marke t deal, Principal Real Estate Investors has acquiredf 150Spear St. for $142. million. 's Zach Siegel and Seth Siegel representedthe seller, . The at $567 a square foot, represented a nice return for PacificxEagle Holdings, which bought the 260,000-square-foot structurew in 2002 from Divco West Propertiez for $102.8 million, or $400 a square foot. The buildingb is 72 percent occupied, with Nasdaq, Dunn and Bradstreet, and amony the largest tenants. Last year Principal bought 333Markegt St. for $377 million. While some clasws B and non-core assetx are selling for as much as 20 percent less than Seth Siegel says the 150Spead St.
transaction shows that "strong deals are pricing through thecredit turmoil." "The deal didn't get retraded, and we hit our target said Siegel. "Principal was great to work They executed in a timely fashion aspromised -- no ifs, ands or The 150 Spear deal was not the only transaction to close as 2007 came to an end. Just 14 monthsw after snappingit up, and sold Hawthorn e Plaza to a joint venture of Hines and The price was not disclosedr but said to be more than $400 a squarre foot, or $176 million.
The sellerds acquired it in September 2006for $127 The San Francisco office of Eastdil Securedx represented TMG and Farallon Capitol in the The two-building office complex, locates at 75 Hawthorne St. and 95 Hawthorne St., is 82 perceng leased with 73 percent of the spacd occupied by thefederal government, includinf the EPA's southwest regional headquarters, which leasews approximately 260,000 square feet. San Francisco'sw real estate community is mourningv the loss of Jacque a national pioneer in tenant representatio and vice chairman with He died ofa sudden, systemic infection that ultimatelhy caused organ failure. He was 58.
A former head of Studley's Chicago office, Ducharme "wase a great mentor to so many brokers," said Steves Barker, a Studley executivd vice presidentand co-branch manager. "Hde was one of the most unassumingly intelligen people that any ofus encountered. While Jacque enjoyedf incredible success as one of the very top real estatd brokers inthe world, he was without questio the most modest person I have ever known." Thosse interested in making an expression of sympathy are asker to consider donations in Jacque's memory to: Larkin Street Youth Services, 701 Sutter St., San Francisco, CA 94107.
Developef Molasky Pacific opened a sales office for its Ellingtonn condo highrise project amid a crowded markeg indowntown Oakland. The 134-unit project in the waterfrongt Jack London Square districtt is competing withapproximately 1,200 other market-ratew housing units for sale in according to numbers through October from condo-marketing-firm the That's why Molaskg and its marketing firm, , decided to give the buildintg a unique, cream-and-beige appearance and to launch and elaborats web site. The companies are positioning the Ellington as the firstt luxury condominium project in JackLondon Square.
"W hoped to allow prospective buyers get a feel for the residencr before it has actuallybeen completed," said Andreaa Bassman of design firm , also roped into the effort. Stillo under construction, the Ellington is slated for completion in The Business Times is seeking toidentift 2007's biggest and best real estate deals, and its top for our annual Real Estate Deals of the Year To nominate your best deals or a go to . The deadline for nominationes is Jan. 24.
In a quiet off-marke t deal, Principal Real Estate Investors has acquiredf 150Spear St. for $142. million. 's Zach Siegel and Seth Siegel representedthe seller, . The at $567 a square foot, represented a nice return for PacificxEagle Holdings, which bought the 260,000-square-foot structurew in 2002 from Divco West Propertiez for $102.8 million, or $400 a square foot. The buildingb is 72 percent occupied, with Nasdaq, Dunn and Bradstreet, and amony the largest tenants. Last year Principal bought 333Markegt St. for $377 million. While some clasws B and non-core assetx are selling for as much as 20 percent less than Seth Siegel says the 150Spead St.
transaction shows that "strong deals are pricing through thecredit turmoil." "The deal didn't get retraded, and we hit our target said Siegel. "Principal was great to work They executed in a timely fashion aspromised -- no ifs, ands or The 150 Spear deal was not the only transaction to close as 2007 came to an end. Just 14 monthsw after snappingit up, and sold Hawthorn e Plaza to a joint venture of Hines and The price was not disclosedr but said to be more than $400 a squarre foot, or $176 million.
The sellerds acquired it in September 2006for $127 The San Francisco office of Eastdil Securedx represented TMG and Farallon Capitol in the The two-building office complex, locates at 75 Hawthorne St. and 95 Hawthorne St., is 82 perceng leased with 73 percent of the spacd occupied by thefederal government, includinf the EPA's southwest regional headquarters, which leasews approximately 260,000 square feet. San Francisco'sw real estate community is mourningv the loss of Jacque a national pioneer in tenant representatio and vice chairman with He died ofa sudden, systemic infection that ultimatelhy caused organ failure. He was 58.
A former head of Studley's Chicago office, Ducharme "wase a great mentor to so many brokers," said Steves Barker, a Studley executivd vice presidentand co-branch manager. "Hde was one of the most unassumingly intelligen people that any ofus encountered. While Jacque enjoyedf incredible success as one of the very top real estatd brokers inthe world, he was without questio the most modest person I have ever known." Thosse interested in making an expression of sympathy are asker to consider donations in Jacque's memory to: Larkin Street Youth Services, 701 Sutter St., San Francisco, CA 94107.
Developef Molasky Pacific opened a sales office for its Ellingtonn condo highrise project amid a crowded markeg indowntown Oakland. The 134-unit project in the waterfrongt Jack London Square districtt is competing withapproximately 1,200 other market-ratew housing units for sale in according to numbers through October from condo-marketing-firm the That's why Molaskg and its marketing firm, , decided to give the buildintg a unique, cream-and-beige appearance and to launch and elaborats web site. The companies are positioning the Ellington as the firstt luxury condominium project in JackLondon Square.
"W hoped to allow prospective buyers get a feel for the residencr before it has actuallybeen completed," said Andreaa Bassman of design firm , also roped into the effort. Stillo under construction, the Ellington is slated for completion in The Business Times is seeking toidentift 2007's biggest and best real estate deals, and its top for our annual Real Estate Deals of the Year To nominate your best deals or a go to . The deadline for nominationes is Jan. 24.
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