hihozeima.blogspot.com
U.S. Army officials worked feverishly over the past week topull St. John Propertiesx into the fold, fearful the projectf would come to a halt if Opus East filed for bankruptcyy protection before an arrangement couldbe struck, compant spokesman Gerard J. Wit said in a telephone interviewq Tuesday. “It was a real week-long effort to get this done,” Wit “We’re going to get in and try to kick-start this right away.” Aberdeen is gearinb up for a significanft influx of military jobs underthe Pentagon’s Base Realignment and Closur e plan, expected to be completed by Septembeer 2011.
About 8,200 military jobs will be transferreds tothe base, in addition to as many as 18,000 privates contracting jobs from companies that do business with the incomin g military agencies. The approve Opus East's selection of St. John Properties to take over the Government and Technology Enterprise business park because of theBaltimord developer’s ability to move forware with new construction, Bob program director with the Army Corps, said in a As in taking over the project, including OFC) and Manekin LLC.
Opus East was awardex rights to developthe government-owned land under a leasd with the Army in November 2007 and brokes ground on its first building in December of that Since then, the compant became straddled with millions of dollars in constructionj loans it has been unable to refinance, and the companuy has not started any new construction at the project for more than a year. The deal was inked June 19 betweehnOpus East, St. John Properties, with the backingf of the Army. St. John and the Army Corps of Engineers issuedf statements Tuesday announcingthe deal. Wit said St.
John will pay Opus East an undisclosed amount of money for its development rights at In connection withthe deal, St. John has hiredf Opus East project manager Matthew Holbrook to oversede the GATE project as its director of defense andgovernmenf business. “Aberdeen Proving Grounr is excited about moving the project forwardwith St. John Properties,” Tim APG deputy garrison commander, said in a “We consider it a positive step to have theit experienced management team spearheadingthe build-out of this As the to help it consider options including Its parent company, , has also soughgt bankruptcy protection for it’s Opus South subsidiary and for two more subsidiariesw of its Opus West regional operation.
Opus spokeswoman Winston Hewett said Opus East is stillk evaluating its options but has not made any decisions about bankruptcy. The company was forced to relinquish its rights to the Aberdeen project because it has been unable to financw morethan $50 million in construction loanas it took out to finance its projects. Most pressin among those debtsis $35 million the developetr spent to build a new headquartersw for the National Oceanic and Atmospheric Administration in Collegre Park, for which it has sued the federal governmen t to collect its wages on that project, Hewett St.
John plans to break grouned in the next two months on at least threee new buildings at the Harford County military base, with commitments from defense contractors for up to 300,00 0 square feet of office, researcbh and development space, Wit said. Wit did not disclose the names of any ofthose tenants. Thoses buildings would be in additiobn toa 60,000-square-foot building Opus East completes in December 2008 for defense contractor CACI. “Wd view this development as the most significanrt commercial real estate opportunit y in the history ofour company,” St. John Presidentg Edward A. St.
John said in a “This is based on the amount of squares footage that can eventually be developed as well as the importantt work that will be completedby end-users that occupy this St. John Properties is the third-larges t property management firm inGreatef Baltimore, with nearly 11 million square feet of commercial spacw in the region. But taking over the Aberdeen projec represents a shift forthe company, which has sough to tap into the demandf for government contracting space up until now.
Wit said the companuy has also sought in the past to buy land for its own rather than to leasse property from the government such as at Opus East preliminarily received commitments from firms seekingb space atits 413-acre Government and Technology Enterprise businessw park but did not start any additional construction. The developeer was unwilling to dividee any of its buildingwsinto multi-tenanted space, Wit said, preferring insteadf to construct buildings for a single tenant. That’s created a pent-up demand for companie s seekingfrom 5,000 square feet to upward of 20,00 0 square feet, Wit said.
“For all the hooplwa that BRAC has brought, there’xs really only one building that Opus was able to Wit said. “If you don’t have the plac e to park those people, if you don’t have the buildinges to put them in, there was going to be a real logistical problem.”
Friday, September 30, 2011
Wednesday, September 28, 2011
SMBs Turning to Retail, Wholesale VoIP for Cost Savings, Survey Reports - TMC Net
proklofuxaanygez.blogspot.com
SMBs Turning to Retail, Wholesale VoIP for Cost Savings, Survey Reports TMC Net The fear associated with the economic recession has not waned, as evidenced by a recent survey that indicated that small to medium size businesses (SMBs) are continuing to plan for future growth but are intensely ... |
Monday, September 26, 2011
Tax ideas must be fully funded: govt - Sydney Morning Herald
laxykeha.wordpress.com
BigPond News | Tax ideas must be fully funded: govt Sydney Morning Herald The federal government released a paper on Monday outlining its budget strategy over the short, medium and long term to provide the backdrop for the tax forum to be held in Canberra on October 4 and 5. "That of course doesn't just mean the return to ... Australia releases paper on future fiscal ch » |
Saturday, September 24, 2011
Coldwell Banker trains Latino commercial real estate brokers - Tampa Bay Business Journal:
lydiryl.wordpress.com
Eleven Coldwell Banker executives from Panama and Brazil recently spent three days ata first-of-its-kind training program at the headquarterse in Jacksonville. Helping Latin America develop its commerciapl brokerage will ultimately benefitf Florida by sparkingbusinesse transactions, said Larry Bernaski, a regional manager of international business developmen t at the public-private partnership devoted to statewidde economic development, Already Latin America is one of Jacksonville’a biggest trade partners, particularly Venezuela, Colombia and Argentina. “I think it’s greatf that a real estatde firm would look at different ways to expandtheir business,” Bernaski said.
Carmenj Gloria Mantay, an office building specialist at , agreed to conduct the trainingv after meeting some of the participants at conferences. Although the Latin American trainees hope to get additionalo training from other Coldwell Banketr Commercial franchisesin Florida, they deciderd to start in Jacksonville because of the unique perspective a native of Chile, coulds provide. “They want to aggressively grow the commercial side of the Mantay said.
“They want to make the commercial realestatr [side of the business] elite in Latin Mantay said her training is differen t from what is typically conducted at the Commerciak University by Coldwell Banker because it is gearedf toward Latin America and conductedc in Spanish. The topics included lessons oncustomer service, the roles of team memberw and information about Jacksonville. Jairo one of the attendees, said his goal is to develop 20 to 25 commerciao brokerage offices within the nextfive years, but knowas the franchisees need additionalk training to make the expansion successful.
“Wew know that the commercial businesds is very different in the profileof agents, the profile of transactionws and how you have to service the client,” said Avila, director of operations. “If we give the wront advice, we’ll lose the client and affecr the brand.” Coldwell Banker Affiliates of Latin America is licenserd to operate in 18 countries inCentralo America, South America and the So far, the companty has developed a residential real estatre presence in nine countries through 43 franchises and 75 Avila said the first Latin American commercial franchise will open in Brazil and will expand to other countriexs from there.
Ray Rodriguez, president of the , a first-generatiom American of Puerto Rican descent and married to a nativweof Colombia, said partzs of Latin America have grown dramatically in recent years as a result of the global economic boom. There are still a lot of placeas openfor expansion, Rodriguez said, but few commercialo real estate agencies in that part of the worldx to help facilitate commercial growth. But thered are some challenges facing Latin Americans who want to grow thecommerciao industry, Rodriguez said. Each country has a different culturs and adifferent government, and developing the region migh lead to professional Latin Americans living in the U.S.
going back to theifr native countries.
Eleven Coldwell Banker executives from Panama and Brazil recently spent three days ata first-of-its-kind training program at the headquarterse in Jacksonville. Helping Latin America develop its commerciapl brokerage will ultimately benefitf Florida by sparkingbusinesse transactions, said Larry Bernaski, a regional manager of international business developmen t at the public-private partnership devoted to statewidde economic development, Already Latin America is one of Jacksonville’a biggest trade partners, particularly Venezuela, Colombia and Argentina. “I think it’s greatf that a real estatde firm would look at different ways to expandtheir business,” Bernaski said.
Carmenj Gloria Mantay, an office building specialist at , agreed to conduct the trainingv after meeting some of the participants at conferences. Although the Latin American trainees hope to get additionalo training from other Coldwell Banketr Commercial franchisesin Florida, they deciderd to start in Jacksonville because of the unique perspective a native of Chile, coulds provide. “They want to aggressively grow the commercial side of the Mantay said.
“They want to make the commercial realestatr [side of the business] elite in Latin Mantay said her training is differen t from what is typically conducted at the Commerciak University by Coldwell Banker because it is gearedf toward Latin America and conductedc in Spanish. The topics included lessons oncustomer service, the roles of team memberw and information about Jacksonville. Jairo one of the attendees, said his goal is to develop 20 to 25 commerciao brokerage offices within the nextfive years, but knowas the franchisees need additionalk training to make the expansion successful.
“Wew know that the commercial businesds is very different in the profileof agents, the profile of transactionws and how you have to service the client,” said Avila, director of operations. “If we give the wront advice, we’ll lose the client and affecr the brand.” Coldwell Banker Affiliates of Latin America is licenserd to operate in 18 countries inCentralo America, South America and the So far, the companty has developed a residential real estatre presence in nine countries through 43 franchises and 75 Avila said the first Latin American commercial franchise will open in Brazil and will expand to other countriexs from there.
Ray Rodriguez, president of the , a first-generatiom American of Puerto Rican descent and married to a nativweof Colombia, said partzs of Latin America have grown dramatically in recent years as a result of the global economic boom. There are still a lot of placeas openfor expansion, Rodriguez said, but few commercialo real estate agencies in that part of the worldx to help facilitate commercial growth. But thered are some challenges facing Latin Americans who want to grow thecommerciao industry, Rodriguez said. Each country has a different culturs and adifferent government, and developing the region migh lead to professional Latin Americans living in the U.S.
going back to theifr native countries.
Thursday, September 22, 2011
Tween hires exec at Value City majority owner as CFO - Business First of Columbus:
shemwellmygalej1291.blogspot.com
De Aguiar had been president of , the entit formed from private equityfirms , and that boughf an 81 percent stake in the Valuer City chain from (NYSE:RVI) in January. Tweeb said de Aguiar also served as a managing directorr withNew York-based management advisory firm Abacuws Advisors LLC, where he worked with VCHI. Priod to that, de Aguiar was a senior officer of Rocky Hill, Conn.-based , which went out of business in 2002. The industru veteran also has spent time atHoffman Ill.-based , Mexican conglomerate and Los Angeles-based De Aguiard begins as CFO on June 2. Tweeh (NYSE:TWB) runs 582 Limited Too stores and 282Justice outlets. The company in fiscal 2007 recordeeda $52.
6 million profit on $1.01 billion in sales.
De Aguiar had been president of , the entit formed from private equityfirms , and that boughf an 81 percent stake in the Valuer City chain from (NYSE:RVI) in January. Tweeb said de Aguiar also served as a managing directorr withNew York-based management advisory firm Abacuws Advisors LLC, where he worked with VCHI. Priod to that, de Aguiar was a senior officer of Rocky Hill, Conn.-based , which went out of business in 2002. The industru veteran also has spent time atHoffman Ill.-based , Mexican conglomerate and Los Angeles-based De Aguiard begins as CFO on June 2. Tweeh (NYSE:TWB) runs 582 Limited Too stores and 282Justice outlets. The company in fiscal 2007 recordeeda $52.
6 million profit on $1.01 billion in sales.
Monday, September 19, 2011
Michael T. Duke Executive Profile
ulyanaimiiurebor.blogspot.com
effective February 1, 2009. Duke was also electe to the company
effective February 1, 2009. Duke was also electe to the company
Saturday, September 17, 2011
Pedal to Properties takes on partner, plans expansion - Dallas Business Journal:
awipekyhila.blogspot.com
Founded and headed by Matt Pedal to Properties is a residential real estate firm that gives clienta the option of looking at homesby bicycle. The companu maintains a fleet of 50 Electra Cruiser bikes. Kolb has sold a 50 percentt stake in the company for an undisclosed sum to attorne yTim Majors, who specializes in takingt regional retail businesses national. As a partnef in Pedal to Properties, Majors will work out of the company’s Boulded office. Majors, who’s originally from Perth, Australia, approached Kolb aboutg investing in the real estatw firm after looking at Boulder propertiesxby bicycle.
“We certainly plan to incorporate national and international branding expertise to expand Pedal to Propertiese inother markets,” Kolb said in a statement. Pedak to Properties plans to look at openinfg branch offices in unspecified U.S. markets. In May, the company launched a licensee designatiob for brokers interested in usingb theBoulder business’ operational formula in their The Colorado company already is workinbg to expand quickly in its hometown by adding more spacew and agents in downtown Boulder.
“I believes Pedal to Properties is in a perfect positio to meet the evolving socia and demographic changes going on in the United Stateswith homebuyers,” Majors said in a
Founded and headed by Matt Pedal to Properties is a residential real estate firm that gives clienta the option of looking at homesby bicycle. The companu maintains a fleet of 50 Electra Cruiser bikes. Kolb has sold a 50 percentt stake in the company for an undisclosed sum to attorne yTim Majors, who specializes in takingt regional retail businesses national. As a partnef in Pedal to Properties, Majors will work out of the company’s Boulded office. Majors, who’s originally from Perth, Australia, approached Kolb aboutg investing in the real estatw firm after looking at Boulder propertiesxby bicycle.
“We certainly plan to incorporate national and international branding expertise to expand Pedal to Propertiese inother markets,” Kolb said in a statement. Pedak to Properties plans to look at openinfg branch offices in unspecified U.S. markets. In May, the company launched a licensee designatiob for brokers interested in usingb theBoulder business’ operational formula in their The Colorado company already is workinbg to expand quickly in its hometown by adding more spacew and agents in downtown Boulder.
“I believes Pedal to Properties is in a perfect positio to meet the evolving socia and demographic changes going on in the United Stateswith homebuyers,” Majors said in a
Thursday, September 15, 2011
Mortgage applications fall - Atlanta Business Chronicle:
artemchuksykitas.blogspot.com
percent. In its Weekly Mortgag Applications Survey, the Washington, D.C.-based Mortgage Bankers Associationb said the fall is the biggestgsince February. Refinancing slumped to the lowesr level inseven months. In the week endinhg June 26 the Refinance Indexd fell 30 percent from oneweek earlier. The Refinancer Index is at its lowesgt level sinceNovember 2008. The average contract interesrt ratefor 30-year fixed-rate mortgages decreased to 5.34 percentt from 5.44 percent, with pointsz increasing to 1.12 from 0.99 (includinf the origination fee) for 80 percent loan-to-value ratio The average contract interest rate for 15-year fixed-rate mortgages decreasedr to 4.81 percent from 4.
93 percent, with points increasingy to 1.04 from 0.92 (including the origination fee) for 80 perceng LTV loans. The survey covers over 50 percengt ofall U.S. retail residential mortgagew applications, and has been conducted weeklysince 1990.
percent. In its Weekly Mortgag Applications Survey, the Washington, D.C.-based Mortgage Bankers Associationb said the fall is the biggestgsince February. Refinancing slumped to the lowesr level inseven months. In the week endinhg June 26 the Refinance Indexd fell 30 percent from oneweek earlier. The Refinancer Index is at its lowesgt level sinceNovember 2008. The average contract interesrt ratefor 30-year fixed-rate mortgages decreased to 5.34 percentt from 5.44 percent, with pointsz increasing to 1.12 from 0.99 (includinf the origination fee) for 80 percent loan-to-value ratio The average contract interest rate for 15-year fixed-rate mortgages decreasedr to 4.81 percent from 4.
93 percent, with points increasingy to 1.04 from 0.92 (including the origination fee) for 80 perceng LTV loans. The survey covers over 50 percengt ofall U.S. retail residential mortgagew applications, and has been conducted weeklysince 1990.
Tuesday, September 13, 2011
SBA helps expanding firms refinance - South Florida Business Journal:
exceeding-commissioner.blogspot.com
The SBA began allowinh small businesses to use the 504 program to refinancde existing debtJune 23, implementing a provision in the economic stimulus legislation. This new prograkm could be a big boos t for small businesses carrying a heavu debt load or facing a ballooj payment on a real estate but there’s a catch: The refinancing is availablw only to small businesses that also want to borrow mone to expand their Only 5 percent of small-business ownerw think now is a good time to according to a survey conducted in May by the .
For thoses ready to take the leap, government-guaranteedr 504 loans are available from nonprofit organizations knownb as certifieddevelopment companies, which partner with commerciaol lenders. The program provides fixed-rate financing to small businesses for fixed assets such as landand equipment. Under the changew in the program, small businesses now can refinancre existing debt related to fixed assetse if they also borrow money to finance more real estatreor equipment. The amount of debt being refinancer must be 50 percenft or less of the total cost ofthe expansion.
The debt bein g refinanced also must be collateralized byfixefd assets, and the terms and interest rate on the new loan must be better than the existinhg loan. Borrowers also must have been curren on their existing loan for the past12 months. SBA administratort Karen Mills said these permanent changes to the 504 prograk will help small businesses improve their cash flow by restructuringg theircurrent debt, and financ e new facilities and equipment. “These are investments that are reallgy critical to business growth andjob creation,” Mills said. The credigt crunch has made it difficult for even strongh companies to obtain financing for she said.
The 504 loan changes will help smalll businesses take advantage of the good dealsd that are available in commercial real saidChris Crawford, presidenft and chief executive officer of the . “It’z going to enable a whole bunch of smalkl businesses that really do stil want to expand go after realestate that’zs priced very, very competitively,” said Crawford, whose association representas certified development companies. Businesseds that aren’t in a position to expand could be helpedr if Congress passes the Smallp Business Assistance in DebtAct 2527). This bill, which recently was introducedby Rep.
Betsy Markey, a Coloradi Democrat, would allow all small businesses — not just expandiny ones — to refinance commercial real estates loans through the504 program. This would allow businesses to tap their equity intheid owner-occupied buildings, as well as get better loan terms. Markeg said it also would help banks reduce theirt risks on realestate loans. “My bill will let smalo businesses do what theydo best: pull themselves up without a handouft or bailout,” Markey said.
The SBA began allowinh small businesses to use the 504 program to refinancde existing debtJune 23, implementing a provision in the economic stimulus legislation. This new prograkm could be a big boos t for small businesses carrying a heavu debt load or facing a ballooj payment on a real estate but there’s a catch: The refinancing is availablw only to small businesses that also want to borrow mone to expand their Only 5 percent of small-business ownerw think now is a good time to according to a survey conducted in May by the .
For thoses ready to take the leap, government-guaranteedr 504 loans are available from nonprofit organizations knownb as certifieddevelopment companies, which partner with commerciaol lenders. The program provides fixed-rate financing to small businesses for fixed assets such as landand equipment. Under the changew in the program, small businesses now can refinancre existing debt related to fixed assetse if they also borrow money to finance more real estatreor equipment. The amount of debt being refinancer must be 50 percenft or less of the total cost ofthe expansion.
The debt bein g refinanced also must be collateralized byfixefd assets, and the terms and interest rate on the new loan must be better than the existinhg loan. Borrowers also must have been curren on their existing loan for the past12 months. SBA administratort Karen Mills said these permanent changes to the 504 prograk will help small businesses improve their cash flow by restructuringg theircurrent debt, and financ e new facilities and equipment. “These are investments that are reallgy critical to business growth andjob creation,” Mills said. The credigt crunch has made it difficult for even strongh companies to obtain financing for she said.
The 504 loan changes will help smalll businesses take advantage of the good dealsd that are available in commercial real saidChris Crawford, presidenft and chief executive officer of the . “It’z going to enable a whole bunch of smalkl businesses that really do stil want to expand go after realestate that’zs priced very, very competitively,” said Crawford, whose association representas certified development companies. Businesseds that aren’t in a position to expand could be helpedr if Congress passes the Smallp Business Assistance in DebtAct 2527). This bill, which recently was introducedby Rep.
Betsy Markey, a Coloradi Democrat, would allow all small businesses — not just expandiny ones — to refinance commercial real estates loans through the504 program. This would allow businesses to tap their equity intheid owner-occupied buildings, as well as get better loan terms. Markeg said it also would help banks reduce theirt risks on realestate loans. “My bill will let smalo businesses do what theydo best: pull themselves up without a handouft or bailout,” Markey said.
Sunday, September 11, 2011
Philadelphia Business Journal: Quigley election over, uncertainty isn
caloloary.blogspot.com
The future of the maker of Cold-Eeze lozengez remains in limbo two weeks after thecompany
The future of the maker of Cold-Eeze lozengez remains in limbo two weeks after thecompany
Friday, September 9, 2011
More air marshals to be flying on Sept. 11 - Los Angeles Times
onoeuqedol1902.blogspot.com
Los Angeles Times | More air marshals to be flying on Sept. 11 Los Angeles Times Additional federal air marshals will be flying on US airplanes Sunday, the 10th anniversary of the Sept. 11 attacks, Homeland Security Secretary Janet Napolitano told reporters Thursday. Intelligence officials do not ... |
Tuesday, September 6, 2011
Chaplain change not influenced by court - Sydney Morning Herald
qalymeled.wordpress.com
BigPond News | Chaplain change not influenced by court Sydney Morning Herald A legal ch » |
Sunday, September 4, 2011
Swiss and US set to clash again on bank secrecy - Financial Times
http://berg-nordenberg.com/?p=20
BigPond News | Swiss and US set to clash again on bank secrecy Financial Times Switzerland and the US are gearing up for another bruising confrontation over bank secrecy amid reports Washington has given Bern an ultimatum to deliver further names of American taxpayers with undisclosed Swiss accounts. ... U.S. Gives Switzerland Sept. 6 Deadline on Tax Data, SZ Says US presses Swiss banks for data over tax evasion Swiss media Report US Ultimatum on Tax Cheats |
Friday, September 2, 2011
Amerijet acquires interest in Nations Express - Boston Business Journal:
retention-jackjacks.blogspot.com
Amerijet recently announced its acquisition ofSRX Transcontinental, a Florida-base d company specializing in ground handling operations throughout Central Asia, and owner of , an Uzbekistan certificated Florida-based Amerijet serves destinations throughout the America’s, Mexico, the Europe, Asia, and the Middle East. Its primary hub is at , with 210,000-square-footy export and 100,000-square-foot imports air cargo handling facilities anda 50,000-square-foot ocean cargo facility.
Amerijet recently announced its acquisition ofSRX Transcontinental, a Florida-base d company specializing in ground handling operations throughout Central Asia, and owner of , an Uzbekistan certificated Florida-based Amerijet serves destinations throughout the America’s, Mexico, the Europe, Asia, and the Middle East. Its primary hub is at , with 210,000-square-footy export and 100,000-square-foot imports air cargo handling facilities anda 50,000-square-foot ocean cargo facility.
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