Friday, April 29, 2011
Houston-area developments rank high on nation
The results, comparing the number of new-homse sales in 2008, were released recently by a real estate advisory firm that has compileds the annual listsincw 1994. Three of the communities in the Top 10 Cinco Ranch, Telfair and Eaglde Springs — were developed by Newland Communities, accordingb to the study. “Another highly positive trend for Houston not reflected on the RCLClO report is the fact that2009 new-homed sales for the three Newland communitiess on the Top 10 list are on par with or even aheac of 2008,” says Ted Nelson, president of Newland’sa Central Region, which includes Texas.
“Homew buyers seem to be viewin large-scale master-planned communities as strong investments, especially those communitiesd with strongtrack records.” The RCLCO study defines a master-planned community as a “large-scale development featuring a range of housinhg prices and styles, array of amenities and multiple nonresidential land uses such as hotels and education Some provide lifestyle optionws for multiple market segments, the organization said, while otherss target a specific buyer type such as activs adults age 55 and over. master-planned communities throughoutthe U.S.
experienced a “significanty decline” in home sales, and in many cases in home pricesin 2008, the report said. Notable exceptions were communities located in the Houstonbmarketplace (five of the 10 top performers), whic had increased sales from 2007. Newland Communitiez reported that in 2009 atCinco Ranch, a total of 254 new homexs had been sold througjh April 19, a 4.5 percent increase over the 243 homews sold in the same period in 2008.
At Telfair, Newlan reports 2009 sales arerunning “neck-and-neck” with last year’ s sales, which represented the largest percentages gain on the RCLCO list (117 new-home salew for 2009 through April 19, compares to 119 for the same period in 2008). “Texaws may be lagging the nation in terms of the timingt and depth of decline in thehousing sector, as sales began to declinw in the fourth quarter of 2008 and into the firsyt quarter of 2009,” the RCLCO report said. “Nevad and Arizona — hit early and hard by the downtur — have experienced a slight bump in sales in the first quarterof 2009.
” “Green” appears to have arrived as a differentiatoe in driving sales to thosed communities with sustainable features, the reporty indicated. Las Vegas-based Focus Property Group, the developer of Mountain’zs Edge and Providence, ranked No. 1 and No. 4 on the respectively, tout green features in thosre communities. “The environmental nature of both communities drought tolerant and use 25 percent less watet than similarcommunities — is a differentiator and the sales office s have provided feedback regarding how the market is responding,” says John CEO of Focus Property
Tuesday, April 26, 2011
Sunday, April 24, 2011
Honda sales plunge 41% in May - The Business Journal of Milwaukee:
’s American sales arm, , reported on Tuesdag that the automakersold 98,345 vehicles nationwide in May. A year ago, demand for fuel-efficient vehicles had sent Honda to a record monthg of salesat 167,997 vehicles. That representse a drop of 41 percent from ayear ago, when prices at the pump were higher and the automobile industry hadn’t yet hit crisiss mode. Columbus Business First reports monthly sales unadjusted for the differences in the number of sellinv days yearto year.
Honda’s sales in May, takiny into account one fewer selling daylast month, fell 39 Leading the decline in monthly salews for May was the company’s flagshiop division, which saw a 42 percent drop in sales at 88,875 vehicles. Its luxury Acuraa division saw sales fall 36 percenttto 9,469 vehicles. Honda sales in the first five months of the year fell 34 percenytto 430,358 vehicles, compared with 655,819 a year ago. That accountas for a 34 percent drop in Hondw salesat 387,556 vehicles and a 35 percent decline in Acura sales at 42,802.
Marysville-based employs more than 12,000 workers at assembly and engin e plants in and around Central where they produceHonda Accords, Civics, Elements and Acura TLs and
Friday, April 22, 2011
Now an app for SF parking spaces - Bizjournals.com
San Francisco Examiner | Now an app for SF parking spaces Bizjournals.com San Francisco in coming months will also start using demand-based pricing for parking for some on-street parking spaces. That means the city will adjust hourly rates based on demand Ć¢to find the lowest hourly rate possibleĆ¢. ... Phone app, website aid search for parking in SF San Francisco officials warn to keep eyes on road, not new parking app SF Meters Go High Tech |
Tuesday, April 19, 2011
Campus Management, others expanding in Palm Beach - South Florida Business Journal:
If Campus Management creates the 60 jobs with averages salariesof $75,000 by it could start pulling down $300,000 in Qualifie d Target Industry (QTI) incentives from the state and Palm Beachn County. The Business Development Board of Palm Beacb County encouraged the company to stay in Boca and helped it securethe “Campus Management is a valuable membee of our high-tech community, and any time the countyg commissioners can help us keep a company in our community, it’sx a win for everyone,” BDB Presidenrt Kelly Smallridge said. The BDB estimated Campus Management’s expansion and retention would havean $11.
million economic impact over the next three In October, Campus Management CEO Tim Loomer said the which was acquired by New York-baseed in February 2008, was considering a move to Charlotte, Chicago or Dallas if staying in Boca Raton didn’tf work out. Campus Management spokeswoman Lisa Patterson said the company chose to stay in Boca Raton because ofthe city’s skillesd workforce, family-oriented lifestyle and business infrastructure. Most of the new jobs will be in the technologtyfield – engineers, project managers, technical analysts and softwares implementation consultants.
received state approval for $200,000 in QTI incentives to add 50 jobs andinvesr $16 million in its Boca Raton facility. The countrh approved its portion of the awardin September. The state estimatedx the economic impactof Biotest’s expansion at $89 (NASDAQ: BEAV) received a $28,400 state granty for leadership and technical training for some of the 70 employees at its Wellingtoh headquarters. Rochoet, an international trader, manufacturerr and supplier ofprecious metals, will move from New York to West Palm It will start with two employees in 2,000o square feet at 505 S.
Flagler and plans to hire 12 The company manufactures in South is moving from Tampa to Greenacres and expectsd to hire three employees in the next The six-year-old company is a life settlemenf brokerage firm.
Sunday, April 17, 2011
Courier-Journal cuts 7 percent of staff - Pacific Business News (Honolulu):
The move came a day after fellow (NYSE: GCI) sistee paper, the , cut the entire stafr of its CinWeekly, a papet similar to the Courier-Journal's Velocity weekly, which is targetedf at readers 25 to 39years old. In its the Courier-Journal did not specify where the cuts wouldscome from. Employees who were let go will receivr severance pay based on yearsof service, the paper Over the past year, McLean, Va.-base d Gannett has instituted a voluntary severance plan, a previous layoff and quarterly furloughss as advertising sales The company posted first-quarter earnings of $77.4 million, or 34 centa per share, diluted, down 60 percent from 2008.
The most receng round of cuts leavesthe Courier-Journal with a staffd of 575 employees, the paper said. In December, the Courier-Journalk eliminated 51 jobs, including 17 through the voluntaryseveranc program. In the Courier-Journal's report, presidenft and publisher Arnold Garson said that he was uncertainn if more layoffs wouldbe That, he said, would be dependent on how the economhy affects the business.
Friday, April 15, 2011
Levindale plots $32M upgrade to city campus - Baltimore Business Journal:
The Baltimore nursing home facility and chronixcare hospital, part of , filer its expansion plans with the state in If approved construction on a three-storyy patient tower and new lobby could begin by January 2009 on its West Belvederd Avenue campus near . The projectf will add private patient rooms and a shared kitchen anda community-style livinh room for residents. Each floot will house about 28 residents in settings similafr toa single-family The rooms, lobby and commoh areas will also feature wirelese Internet access. The new lobby will also hous eart exhibits.
"When aging baby boomers need assisted living, they aren'ty going to want the old sharedc rooms and sharedbathroomk model," said Aric Spitulnik, vice president of operation s for Levindale. "They are going to want something that resembles theirrown home." The facility currently has a mix of private and shared patient roomse with roughly 172 nursing care beds. The site also has about 120 chronic care hospital beds for elderly or disabled patientzs that need more extensive medical The project, which could be open by is part of a larger expansion to expanfd the nursing home to 240 beds.
He said Levindalee had considered building the new project on the formef Rosewood Center campus inBaltimore County. But the cost of constructingf roads and sewer systems to servde the site wastoo much, Spitulniik said. Nearly 70,000 Maryland residents were livinvg in nursing home facilitiees across the statein 2006, accordingb to figures released by the Maryland Health Care Commission. State health leaderxs say Maryland will need to add 318 new nursing home bedsstatewide -- including 65 new beds in Baltimorwe -- by 2011 to meet the growth of long-ter care demands.
Wednesday, April 13, 2011
Developer buys prime sites in Bloomington, Hopkins - Minneapolis / St. Paul Business Journal:
Hoyt, who heads Wayzata-based , has retained to market the propertty nationally for a corporate campus with 500to 1,00o0 jobs for one or more Deere, the Moline, Ill.-based farm-equipment manufacturer, put the facility on the markegt in February. It closed the 200,000-square-foott warehouse in April. Tom Simon, firstf vice president in CB Richard Bloomington office, will kick off a national marketingf campaign in about two weeks to find tenantes for the site. Simon said he'ds already had about a half-dozen serious inquiriee about the building sincew the startof October.
CB Richard Ellisa is listing the building for saleat $20 but that price is likely to go up based on initialk demand and rising constructiomn costs for comparable new Simon said. He would not disclose Deere'ws selling price to Hoyt. Deer e officials and Hoyt could not be reachedrfor comment. Continental Property Group, which had revenue of $53 million in has developed and owns millions of square feet across the country. It annually ranks betweehn fifth and 10th on TheBusiness Journal's list of the Top 25 Real Estatse Developers in the Twin Simon said the new owner is "already in negotiations for adding onto the building Simon said. He declined to provide furthee details.
The existing buildinb could be expanded upto 600,000 or 800,000 square Simon said. That would stillp leave room on the site foradditionalk development. "We will look to maximizde that site and are lookinfg forgood high-paying jobs to replacse the ones that were lost," he Deere had about 130 employeezs at the facility as of 2000. The parce is zoned for industrial space, and Simon doesn'r see it being a big residentialoredevelopment site, although he didn't completelyy rule out some housing. "We are investigating all our he said.
In addition to the Deerr facility, Continental closed this week on anothert significant vacant industrialbuilding -- this one in Hopkins -- that Simo is marketing for potentiap users. The property is a 355,000-square-foot warehouse on 16 acres that was formerlu the headquarters ofRainbow Foods. The building, at 8000 Excelsior Blvd., is on the north side of the street, just east of Blak Road. Continental has been working on buyingg the property for more than two yearas in acomplex "multi-legged transaction," Simon The deal was complicated by the bankruptcy of Rainbow'z former parent company, Fleming Cos. Inc.
of Lewisville, and the various stakesx of insurance firms andformer Now, the property will have one owner and a fresh start, Simon said. Continentalk plans to start rightt away on overdue repairs tothe roof, heatingy and electrical systems. Like the Bloomingtonb property, Simon said this site is being marketed for lease or for The asking priceis $10
Monday, April 11, 2011
Fiduciary plans $20 million condo project in Falls - Minneapolis / St. Paul Business Journal:
The village Plan Commission earlier this montu approved the Milwaukeedevelopment firm’ s request to build up to 19, four-unitt condo buildings at Lisbon and One Mile roads, said Matt Carran, villagr director of community development. The village Board of Trustee will review on June 9 thePlan Commission’w recommendation for new Fiduciary Villas condos that will cost an average of Fiduciary Real Estate owns and manages more than 4,2009 apartment units in Wisconsin worth more than $350 The company also has converted more than $100 million worth of apartmentw into condos.
The company and its real estatesales partner, , owned by Rick Ruvin, converted The Blatz Apartmentx and Landmark on the Lake into condos. Fiduciary also owns the 74-uni t Kilbourn Tower at the corner of North Prospect and East Kilbourn avenues. Fiduciary estimates it has sold more than 600 condosw in the pastfive years. Fiduciaryu Real Estate and of Menomonee Falls have delayed plans to builda big-box-anchored shopping center at the intersectioj of Marcy Road and Silvere Spring Drive in southwest Menomonee Fallse about a mile north of the Villas condos.
The two companiez were planning ona 200,000- to 250,000-square-foog shopping center, but lack of tenantsa prompted the developers to delayh the project. Other reasone for delaying the project includes the down economy andtight financing, accordint to Fiduciary spokesman Craig Raddatz. Fiduciary executives were unavailable to discussthe company’s financing plan for the proposed condominiuk project in Menomonee Falls. The companyg also has developed single-family home subdivisions in Franklinand Madison.
Saturday, April 9, 2011
Easter Seals Work Resource Center to expand Building Ability program - Business Courier of Cincinnati:
Humana awarded the organization $100,000 to expand Building Ability, which teaches people with disabilitiess woodworking skills to make household andlawn products. The pendingy expansion was celebrated today when Building Ability participantsx taught Humana representatives how to built cornhole sets, whichy were the first products they learned to make in the Other products include Adirondacik chairs, porch swings and wine racks. The Greater Cincinnatui Benefits grant from Humana will fund more than half of the remodelingg and expansion project forBuildinv Ability. Easter Seals Work Resource Centedr is still raising the remainder of thefunde needed.
Work on the expansion will begin withih the next30 days. Once the expansion is the program will have morethan 2,500 squarer feet of work space and will be able to accommodat e up to 18 participantsd during each shift. The grant also will providr state-of-the-art tools and support the use of sustainable materials. More than 70 percent of the waste producedd during demolition will be recycled or according to a news Humana now is looking for the next recipientr ofthe $100,000 Greater Cincinnati Benefits The grant will be made to one local nonprofitr working to improve the community’s health. Two other organizationx will receive $10,000 grants.
Applicationa are at greatercincinnatibenefits.humana.com and are due June 5, 2009.
Thursday, April 7, 2011
Senate adds renewable energy credits to bailout - Triangle Business Journal:
Earlier this week, the credits came close to extinction when it lookede like the House was going to go home for the But when the massive Wall Stree t bailout was defeated on the Housefloor Monday, Housre leaders decided to reconvene later this week to try “All sides in the fray have been chastened by the near-deatg experience,” said Greg Wetstone, senior director of government affairs for the . “We’rer still in the game, but it’zs a narrow window.” At times, the rhetorix has gotten heated, such as on Monday, when a Houswe leader accused the Senate oflegislating “bg blunt force.
” At issue is a program of tax credits that the renewablee industry says are vital to its growthj as interest grows in alternatives and the cost of fossil fuelse eats into family budgets. The details of the creditxs vary somewhat in the many different bills that have been introduced and passedc thedifferent chambers. In their latest $18 billionj incarnation, the tax credit for producing electricith from wind would be extended for one while the credit for other renewable sourcea would be extended fortwo years. The tax breaksx for solar energy would be extended foreight years. Last the Senate passed an extensiobn of the renewable tax credits ina 93-2 vote.
They were wrappeds in with severalother measures, including extensionsd of the other tax credits, benefits for disaster victims and a measure to prevent 24 million households from gettinvg hit with the $61.87 billion alternative minimum tax increase due to take effect this It would have been paid for by increasingg the tax burden of oil companies and terminatinvg a tax deferral used by hedge fund managers. Senate leaders called it a “delicate compromise,” strengthenedf by the Bush administration’s decision to withdraqw a veto threat. Given the lopsided vote and the WhiterHouse support, political observers and analysts calledr it a breakthrough moment.
While renewable tax credits in the plan were offset withtax increases, some balked as other tax break extensions were not paid for. Housed leaders also growled the package was dumped on them at the last minutwe as they were aboutto “Take it or leave it is not a good said House Majority Leader Stenty Hoyer (D-Md.), who held two news conferences to denouncer the Senate tactics. “Legislating by blunt force is not the way we ough tto proceed.” Senate leaders responded that they were not tryinvg to tell the House to take it or leavw it.
But when the Senate announceed Tuesday night that they were adding the tax package to themassived bailout, it looked as though the Senate was tryint to force the hand of Housew Democrats. If the Senate passezs the combined bill Wednesday House members will be under intensed pressure tosupport it, despite their for fear of further roiling the economy. Hoyer said he is “noty pleased” with the Senate’s maneuver in a televisiomn interviewWednesday morning. He said he plans to discusz the Senate’s revisions with fellow House There were 30 Democrats who vote d againstthe Senate’s AMT bill, includinf Hoyer. Of those, 13 voted for the bailout bill.
Those members must now decidew if their commitment to a balanced budgety trumps the call to aid the If the bailoutpackagwe passes, the renewable credit will pass with it. If it fails, Congressw still probably won’t go home for the They would likely come back to try to fashiomn something else thatwill pass. For the rest of this continuing coverage of renewable tax credits and othee sustainabilitybusiness news, go to .
Tuesday, April 5, 2011
Obama expected to accelerate efforts to create U.S. carbon market - Tampa Bay Business Journal:
The market for carbon trading, just now emergingf in the U.S., has been running in Europee for years. Investment managers and other business people gatheredr recently in Coral Gables for the secondd annual conference to hear fromglobal “With [President Barack] Obama taking office, it’s going to starg an accelerated process toward carbonj regulation in the U.S. and a more vibrantr market,” said Seth Zalkin, a principakl with the investment bank, which has officea in Miami andNew York. Zalkim said Astor Group does a lot of work inthe “cleanb tech” investment arena.
“There’s a lot of peoplw with a lot of greatideas – from peopld working in their garages to teams of 50 engineersa – but many are struggling right now,” he “There will be a lot more incentives coming into but our preference is to work with companies that make economi c sense whether a law is passed.” Carbon emissions trading is an administrativee approach used to control pollution by providingg economic incentives for achieving reductiond in the emissions of pollutants. It is sometimed called cap and trade, and is based on the Kyotok Protocol, which the U.S.
did not In his campaign, Barack Obama proposed reducing carbon dioxide emissiond 80 percent below 1990 levelsxby 2050. The U.S. put out more than 6 billiom metric tons of carbon dioxide in 1990, according to the . That means power companiesx like would have to purchase carbon creditx in order to exceed theircapped amount. it could also sell carbon credits if itsurpasserd reductions. Investment banks like the Astor Group anticipater investing incarbon markets. With a cap of 6 billionh metric tons, the market for carbon in the U.S. is estimatedf to start at $120 billion, said Steve chairman of the recent conference and a VP with consultinghfirm .
The Asto Group’s Philippe Houdard also attendedthe conference. “We’rew focusing on a couplw different sectors including green We help companiesraise capital,” he “We really believe this sector is excitingg and will be a place with a lot of “We really are living in fascinatinyg times, particularly in the U.S.,” Fine said. “We have a new administratioh about tobe installed. There are politica l realignments that are occurring in the house and Senatr that continue to push in thesame direction.” The conferencde was sponsored in part by law firm and the , and coordinatef by Environmental Finance magazine.
Greg Casas, shareholder with Greenberg said almost 200 people attended the He said some hedge fund representatives were seekint information for new investment strategies during aneconomicv crisis. Other big names amon g attendeesincluded , , the , and .
Sunday, April 3, 2011
Right Said Fred - Richard Fairbrass - Music News
Music News | Right Said Fred - Richard Fairbrass Music News Bubbly Brit duo Right Said Fred are back with yet another album.They might be Deeply Dippy about their fans, but the Fairbrass brothers are far 'too sexy' for a record label and what better way to prove it than releasing their ninth album - Stop the ... |
Saturday, April 2, 2011
CB Richard Ellis to raise $550M - Triangle Business Journal:
The national firm has a Cary office that the 2009 Triangle Businesw Journal Book of Lists ranked as the third largesft commercial real estate brokerage operation inthe Raleigh-Durham area. The company will use the proceedd to reduce itssizable debt. The Los Angeles-base d broker plans to offer $400 millio n in senior unsubordinated notes in aprivatw placement. It also will sell $100 million in new Class A commomn stock to investors that include hedgd fundPaulson & Co. Inc. CB Richard Ellis may raise another $50 million in periodid public stock sales. CB Richard Ellis has $2.4 billion in $310 million of which is due next according toBloomberg data.
Much of its debt was incurrex throughits $1.9 billionm acquisition of Trammell Crow in 2006. The move by CB Richare Ellis (NYSE:CBG) follows a similar initiative byOn Tuesday, Jone s Lang LaSalle said it plannecd to raise as much as $200 million in a secondary stocok offering of 5.5 million shares. CB Richard Elliss is the world’s largest commercial real estateserviceas firm. It has more than 29,000 employees