Thursday, September 29, 2011

Fed Ex site on the block for $22 million - New Mexico Business Weekly:

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Construction on the 65-truckm transfer station, at 7601 Los Volcanesw NW, which serve as a regional FedEx facility, will be completed in about 45 days. It is among the top high profile industrial developments in the Duke City becaused of its location near Unserf NW and Interstate 40 and the quality of the Fed Ex has signeda 10-year lease and will pay monthly rent starting at nearl $1.8 million when the project is complete. Fed Ex’sw rent escalates to nearlt $2 million in the second five yearz ofthe lease. The Memphis-based, $38 billion delivery businesw giant has a five year option to extendthe lease.
“Thse price was reduced because ofmarkegt conditions, but we have had interesft and discussions since we went to marke in late August,” said Joel who is part of the team marketing the site for The team includes Patti Peixotto, Jack Daley and Hunter Greene. Whitw expects institutional investors from outside Albuquerque to be thelikely buyers. Brunacini built the projec t with specifications fromFed Ex, which has long sought a state-of-the-art facility in the southwest to transfer shipmentsx onto trucks headed to the West Coast from points east. The site has room for expansion and will open with 65 bays and morethan 37,00p square feet of industrial space.
The project is listed with a cap rateof 8.2 John Henderson III and Trud Jones, both senior vice presidents at , are joiningf in senior positions. Henderson will serve as Maestas’ chiecf operating officer while Jones joinse Maestas as a director focusing onoffice D’Nette Wood and Rosie Yee are also leaving G&E for to serve as an advisor and executive assistant, respectively. Earlierd this fall, Maestas tappedx Elizabeth Liming, Grubb’s property management director, for a similafr post. Maestas recently opened a newly expanded corporate headquarters at 6801 Jefferson NE and has been aggressivelyaddingt staff.
By naming Henderson chief operating officer, a role Maestas was it frees Maestas to focus on buildin g his boutique firm and doing retail leasing anddevelopmenf deals. Grubb & Ellis is New Mexico’xs largest commercial real estate brokerage while Maestas is based on the number of licensed Henderson has 37 yearsx of experience across a wide range of commerciakl transactions andhis wife, Jones, a big playerd in the office market, has 28. Santsa Fe Indian School site in play? A reporrt in the predicts the formedr sprawling Santa Fe Indian School campus along Cerrillos Road coulsd be turned into a hotel andshopping center.
The newspaper obtainex architectural drawings created by that suggest a larges development that wouldinclude 40,000 square feet of underground Several of the former school buildingsz have already been bulldozed. The property is managed by the All Indian Pueblo Council, whose executives declined to discusw their plans for the The council represents the 19 pueblos in the state, but the federalo 2000 Omnibus Indian Advancement Act puts limitsa on the land use of formee Indian school property. Educational and cultural uses are specified, and if this rule is the property could revert back toUncle Sam.
Any new projecr along already retail-jammed Cerrillo s Road would require Santa Fe cityzoning approvals, and that will most likel be a major issue during 2009 should the council move forward with its plan. Dekker, Skarsgardd bag NAIOP awards Albuquerque’s version of the Academy Awards for commercial real estate tookplacwe Dec. 5, and the winnerds included developersSkip Skarsgard, Jasohn Daskalos, Rob Dickson and architect Dale Dekker. The made the presentationsw at its 2008 awards luncheon at theUptowjn Marriott, which was attended by over 500 guests. NAIOPP gave awards in 10 categories.
Its separate chairman’zs community builders award went to the for itsnew $385 million wate r system that makes Rio Grande water The group’s member of the year awar d went to Dekker’s architectural firm, Dekker Perich In the large office category, Skarsgard’s successfulo Paseo Nuevo at 8220 San Pedrp NE was the winner. The 106,000-square-foot Classe A building is mostly leased despitew thefragile economy. In the small offics category, the winner was Mariposa East Commons, a 16,000-square-foot LEED certified building that was built by forits It’s the first LEED certified building in Rio Ranchk and was a Dekker Perich project.
Dickson’s BelVedere Urban Courtyard was the winner inthe mixed-use The 54-unit residential/retail project is just nortjh of his Lofts at Albuquerque High project east of Daskalos took the retail award for his Shops @ Paseio Crossing project while Sigler Distribution captured the industrial award for its new 65,000-square-footr warehouse and office at 3330 Pan Americanb Freeway NE. In the residential arena, captured the master-plannesd community award for its 433-acre Loma Colorado projectr inRio Rancho.
Nature Pointe’e developer Alex Leonard won the residential amenity category forthe 18,000-square foot clubhouse at his master-planned development near Sedillo Hill in the East

Tuesday, September 27, 2011

Bahman Guyuron Executive Profile

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**All Executive profile data provide byDow Jones & Co., Inc.

Sunday, September 25, 2011

Manpower: 6% of Honolulu employers to hire in 3Q - Business First of Louisville:

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From July to September, 6 percent of the companiesx interviewed in the Honolulu metro area plan to hire more while 11 percent expect to reducethei payrolls, according to the survey from Milwaukee-baseds (NYSE: MAN). Seventy-eight percent expect to maintaijn their current staff levels and 5 perceny remain uncertain abouthiring plans. Hiring is expectefd to be a little lighter than in thesecond quarter, when 10 percent of companiees surveyed planned to hire and 12 percent expectef to cut payrolls, said Manpower spokeswoman Mary Lou Callahan. For the coming job prospects in the Honoluly area appear best in wholesals and retail trade and leisureand hospitality.
Employers in durable gooda manufacturing, nondurable goods information, professional and business services, educationn and health services and government intendf tocut staffing. Hiring in construction, transportatiobn and utilities, financial activities and other servicees is expected to remain National survey results showed littlr change from the second quarter. Of the more than 28,000 employers surveyedr acrossthe country, 15 percen expect to increase their staff levels duringv the third quarter, while 13 percentg expect to reduce their payrolls.
Sixty-seveb percent expect no change in hiringh and 5 percent are undeciderd abouttheir third-quarter hiring “The data shows continued hesitancy among said Jonas Prising, president of the Americae for Manpower. “They are treading slowly and watching withguardef optimism, hoping a few quarters of stability will be the precursor to the

Thursday, September 22, 2011

Charter sets salary, bonus for restructuring chief - St. Louis Business Journal:

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Doody, 44, will earn a base salary of $60,0009 a month, or $720,000 a but Charter hopes it emerges from Chapterd 11 bankruptcybefore then. The company hopes it emerge from bankruptcy in six months or by Charter also plans to give Dooduya $1.5 million “emergence bonus” reduced by the sum of the base salar y paid to Doody during his term of the amount of monthly fees paid to consultantsd and the $75,000 retainer paid to As part of the agreement, Charter CEO Neil Smit may nix the bonuz at any time. Doody previously led successful in-coury and out-of-court restructurings, including at , a San Jose, Calif.
-baserd energy company, and , one of the nation's largest providers of outpatienft surgery, diagnostic imaging and rehabilitative services. HealthSouth president and CEO Jay Grinney credited Doody with helpin the company redirect its focus in the wake ofa multibillion-dollard corporate accounting fraud perpetrated under priodr management. Charter Doody as an advise r and officially named him chiefrestructuring officer

Tuesday, September 20, 2011

Sunday, September 18, 2011

Apple may drop into Catawba County - Birmingham Business Journal:

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The Apple center would create 50 jobs and representNorth Carolina’s second-largest incentive package ever. Huge server farmw are already on thewant list, says Scoty Millar, president. “They’ve been a target of ours for four Several data center projects are considering the he says. The primary site that interests Applew isthe 180-acre Catawba Data Park, a greenfields project planned along U.S. Highway 321 near Newton, sourcex say. There Apple would get its preference for a campusa setting with otherdata centers. Perdue says Applw will build in North Carolina butshe didn’ft announce a specific site.
“We welcomwe Apple to North Carolin a and look forward to working with the companyu as it begins providing a significant economic boosr to local communities andthe state.” Apple spokeswoma Susan Lundgren says construction in Nortjh Carolina will begin soon. “We are gettingt started right away to acquire a The announcement comes aftefr Perdue signed SenateBill 575, which modifies the method by which capital-intensive businesses calculate corporate income tax liabilituy in North Carolina. The N.C. incentivea would rebate $46 millionj to Apple over the next10 years.
If the centef operated for 30 years, the price tag of the inducementws would zoomto $300 million, accordingb to a legislative analysis. Apple has hirer of Atlanta, an offshoot of that develops data centers. T5 triee to interest Apple in the 215,000-square-foot former Chris-Crafft facility in Kings Mountain. Millar deflected questions about Apple. “If ther were a user on the I would becallinhg you,” he says. Apple needs the East Coasf site for its server farm to handle growt h in its iTunesonline store. Its last significant data a $50 million facility, opened in Calif., in 2006.

Friday, September 16, 2011

Romney changes tune on 'socialism' - Politico

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Los Angeles Times


Romney changes tune on 'socialism'

Politico


"Well, you know, words have a lot of unintended meanings, and c »

Wednesday, September 14, 2011

Howard I. Atkins Executive Profile

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About Howard I. Atkins Howard I. Atkins, senior executiver vice president and chieffinancial officer, is responsiblew for Wells Fargo

Monday, September 12, 2011

Biogen confirms Icahn ally is on board - Charlotte Business Journal:

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Shareholders were to elect four directorsa atthe meeting. Biogen was pushing for the reelection of all ofthe company’se existing directors, while Icahnj was angling to seat four new According to Biogen Idec, shareholders appear to have reelectes current directors Robert Pangis and William D. Young, and electex Icahn ally Alexander Denner. Biogen Idec officials say the vote for the fourthy seat is too closeto call. Biogejn said the company will rely on the tabulation of votes by its independent inspector of IVS Associates, before announcing the remainingf director to serve on the board. Bruce R.
Biogen Idec’s chairman, said, “We welcome our new directorr to the board and look forwared to working together to build on our strongt track record ofdelivering value. Whiled we await the outcomer of the vote for theremaininv director, we would like to expresa our gratitude for the support of our Icahn, in a filing with the Securities and Exchanger Commission, accused the company of preventing the votexs cast from being counted. “Iv the board is successful, Richard Mulligan, a prominenrt scientist and physician, may be kept from legitimately beingh elected tothe board.
” Mulligan is the Mallinckrodr Professor of Genetics at Harvard Medicall School and director of the Harvar Gene Therapy Initiative, according to Harvard University’sx Web site. Biogen said shareholderz rejected severalof Icahn’z other proposals, including moving the company’w incorporation from Delaware to Nortu Dakota, a move Icahn said woulrd give more power to shareholders. Biogej officials said it appearsx that stockholders also rejected a proposal by Icahn to limitr the size of the boarsd to13 directors. Biogen officials now have the power to enlargew the board as theysee fit.
Icahn is best knownb for unsuccessfully pushing BiogenIdec (Nasdaq: to sell itself in 2008. Last year, shareholderas elected the company’s nominees over the slatde of investors put upby Icahn. Biogen Idec’s (NASDAQ: BIIB) stock was trading at $53.17 in afternoonm trading Thursday, down from the previouw day’s close of $53.43e a share.

Friday, September 9, 2011

Equifax: Small biz bankruptcies double in March - Jacksonville Business Journal:

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Sacramento, Calif. Chicago-Naperville-Joliet, Ill. Anaheim-Irvine, Calif. Calif. Portland-Vancouver-Beaverton, Ore.-Wash. Commercial bankruptcies nearly doubles in March 2009 fromMarcgh 2008, Equifax noted. "The Marchu numbers provide a snapshotof what'se been happening to the small businesss sector during this period of economic said Reza Barazesh, head of Equifax's North American Commerciao Analytical Services Group, in a news "Not surprisingly, the highest number of small-business bankruptcieds are in those parts of the countrg where home prices have decreased unemployment has increased significantly, and credit has becoms tighter.
" For the Equifax analyzed both Chapter 7 and Chaptefr 13 filings. Chapter 7 is a liquidation proceeding in whic a debtor receives a discharge of all while Chapter 13 is a reorganization bankruptcy enabling filersx to pay off debt over a set perioddof years. Equifax reviewed and analyzed smal business datafor March, the most recentf month for which completse data is available.

Wednesday, September 7, 2011

More workers delaying retirement - South Florida Business Journal:

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The Arlington, Va.-based human resources consultant says 34 percent of all workeres surveyed have pushed back their retiremenrt plans in the last Among workers 50and older, 44 percent are delayingg retirement longer than expected. “The economic crisia has affectedmany workers’ retirement plands and nest eggs, but those nearest to retiremengt have been especially hard hit, said Watsohn Wyatt (NYSE: WW) senior retirement consultang David Speier. “Older workers do not have the time to offseyt declining retirementaccount values, either by recouping their investment lossesd or significantly increasing their savingx rate.
” Declines in the valuee of their 401(k) accounts ranked as the top reason for delayinh retirement, but investment losses aren’t the only The survey says 63 percenty cited the high cost of health care and 62 percent cite d higher prices for basic necessities. Those postponemeng plans may have alreadyt changed a bit for many The Watson Wyatt survey was conductedin February. The S&oP 500 has rallied more than 35 percent sincee itsMarch low.

Monday, September 5, 2011

Seattle

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Moving up from second place fromlast year’d initial rankings, Seattle was rated the nation’x most miserable city for the heartbreak of its professionaol teams coming close — but not winning championship titles. The magazine said Seattle ranked at the top becaused of the Seahawks losing the 2006 Supetr Bowl to Pittsburgh and the lossesa of the Sonics in the NBA Finale in 1978and 1996. The movinyg of the Sonics to Oklahoma City last year cementecdthe city’s rank.
“The misery bonus point that come with watching its NBA franchisr leave town have put the city overthe top,” said Misery points, said Forbes, were scored by weighing most heavilyt any losses in the final round of followed by losses in early playoff Only cities with at leasy 75 cumulative seasons in the NFL, NBA, National Hockey League and Majod League Baseball were included. Following Seattle on the sportzs misery indexwere Atlanta, Buffalo, Phoenix and The Forbes study, which can , didn’t take into accoun t any WNBA or MSL teams, “Let's be honest — not that many peopled care about them.

Saturday, September 3, 2011

Legislator wants Nixon to cut stimulus money for Kokam battery plant - Minneapolis / St. Paul Business Journal:

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Kokam’s , to be dubbed Summit Batter Park, would employ an estimated 900 people with averagd annual salariesof $40,000. Kokam Presidenf Don Nissanka has said he hopew to break ground before the end of the probably at a site of more than 40 acreds in the vicinityof Kokam’ds current 50,000-square-foot Lee’s Summit plant. Nissanka was out of the countrhy Mondayand couldn’t be reacheds for comment. Kokam, a startup founded in October burst into the limelightthis year. pickeed Kansas City for an assembly facility largely becauseof Kokam’a proximity.
And with federal stimulus dollars and state moneygseeking advanced-battery-makers, a joinyt venture involving Kokam landed a commitment in Apri l of nearly $145 million in incentives from Michigan to buils a battery plant there that’s similar to the one plannedx locally. The group also applied for federalstimulus Schaefer, R-Columbia, sent a letter to Nixonh on Thursday proposing that financing be cut by $11.5 millio n combined for Kokam’s Lee’s Summit plant and anothetr battery plant in Joplinb to help preserve $31.2 million in financingy for the in Columbia, which Schaefef called the cornerstone of a $200 millionh hospital project.
“Every indication that I’k getting is that intends to veto the money for the Schaefer said, adding that Nixon’s veto probablhy would kill the entires $200 million project. “Spending public funds on a cancer hospital ownesd by the citizens of Missouri is alwaye going to win out over giving publiv funds to a private company for a battery Schaefer said. “Nobody has told me that the lower amount wouldkill (Kokam’s Lee’s Summit) Nixon spokesman Scott Holste said the governo r will have an announcement about the budget bill beforw June 30, the end of Missouri’s fiscal Nixon and his staff have been reviewingg the budget bill “line by line to determine what the stat e can afford,” Holste said, and they want to keep central services in place.
Jim Devine, CEO of the l, said he thoughrt Schaefer’s proposal was “not as a threat as the EDC first thought, “butr you never know in politics.” The EDC issued a releasew Friday encouraging Nixon to keep theKokam plant’s financinhg fully in place.

Thursday, September 1, 2011

Mulvaney meets with Mayor Hunter and post office supporters - Cheraw Chronicle

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Cheraw Chronicle


Mulvaney meets with Mayor Hunter and post office supporters

Cheraw Chronicle


by By Karen Kissiah Cheraw Mayor and Town Council welcomed South Carolina District 5 Congressman Mick Mulvaney Monday afternoon with a reception at Market Hall. Conversation for the afternoon centered on solutions for the direction of Cheraw's historic ...



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