DOJ officials to take part in forum with high school students on sexual ... Washington Post It's part of Sexual Assault Awareness Month. The speakers will focus with students on healthy relationships, sexual assault prevention and early intervention. Among those scheduled to attend are Associate Attorney General Tom Perrelli, ... |
Friday, April 29, 2011
DOJ officials to take part in forum with high school students on sexual ... - Washington Post
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Sunday, April 24, 2011
Lane4 completes purchase of three Kansas City-area shopping centers - Business Courier of Cincinnati:
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million. The Kansas City Business Journal reportesd that the PrairieVillage Shops, the Corinth Square shoppingy center in Prairie Village and the Fairway Shopes in Fairway were under contract to investord led by Lane4, a Kansas City-basefd commercial real estate brokerage and developmen t firm. Highwoods (NYSE: HIW), based in N.C., disclosed the sale price in a Thursday The three shopping centers have a combinedx 2009 appraised value ofaboutf $64 million, according to figurea from the Johnson County Appraiser’s Office. The three shoppingb centers contain 416,000 square feet combined and were, on 94.5 percent leased and 55 years old, Highwoodzs said.
The properties generate a combined annuall cash net operating income ofabout $5.4 The new owners plan no “immediate major to the shopping centers, Jeff Berg, seniofr vice president and principal of said in a separate releas Thursday. “We intend to enhance and upgrade the centera as opportunities arise over but these improvements will not changr theirbasic character,” Lane34 President Owen Buckley said in the “We look forward to taking good care of them and feel they represengt an excellent opportunity to invest in our community.” Kansaws City developer Jesse Clyde Nichols built the grocery-anchored shopping centersz in the mid-1900s, and the JC Nicholes Co.
sold them to Highwoods in 1998.
million. The Kansas City Business Journal reportesd that the PrairieVillage Shops, the Corinth Square shoppingy center in Prairie Village and the Fairway Shopes in Fairway were under contract to investord led by Lane4, a Kansas City-basefd commercial real estate brokerage and developmen t firm. Highwoods (NYSE: HIW), based in N.C., disclosed the sale price in a Thursday The three shopping centers have a combinedx 2009 appraised value ofaboutf $64 million, according to figurea from the Johnson County Appraiser’s Office. The three shoppingb centers contain 416,000 square feet combined and were, on 94.5 percent leased and 55 years old, Highwoodzs said.
The properties generate a combined annuall cash net operating income ofabout $5.4 The new owners plan no “immediate major to the shopping centers, Jeff Berg, seniofr vice president and principal of said in a separate releas Thursday. “We intend to enhance and upgrade the centera as opportunities arise over but these improvements will not changr theirbasic character,” Lane34 President Owen Buckley said in the “We look forward to taking good care of them and feel they represengt an excellent opportunity to invest in our community.” Kansaws City developer Jesse Clyde Nichols built the grocery-anchored shopping centersz in the mid-1900s, and the JC Nicholes Co.
sold them to Highwoods in 1998.
Friday, April 22, 2011
Surprise opens new City Hall - Phoenix Business Journal:
afyfojahejus.blogspot.com
The city’s first-ever dedicated City Hall building is at16000 N. Civixc Center Plaza. The entire project — including a parking garagee — cost $48.2 million, and was paid for in cash by the WhileSurprise don’t have a traditional downtown the new City Hall is within walking distance of the Hearr Museum West and the Surprisr Tennis and Racquet Complex “Relocating City Hall to the Surprisew Civic Center Complex has transformed this area into the heart of the city,” said City Manager Randyu Oliver. City officials say the new City at 136,000 square feet, is designer around customer service.
A Development Services Center is a focalo point ofCity Hall, acting as a one-stop shop for annexatiobn proposals, zone changes, conditional use permits and many otheer common city services. New councio chambers are located in the east wing of the first and witha 170-seat capacity, more than doublr the size of the formetr council chambers. Before entering the chambers, visitoras will be required to pass through a security The city is hoping to fill much of its old City Hall buildinh withtechnology companies. The TechCeleratorf will be designed as an incubatotfor late-stage technology and biotecg startups. The city plans to begin leasingt space soon at the old city complex at12425 W.
Bell City officials say customized spaces will be availabled up toabout 5,000 square feet each, and lease s will start at $2 to $6 per square foot. Surprise will handld recruitment of tech companies tothe site. Businesds Journal Reporter Patrick O’Grady contributed to this story.
The city’s first-ever dedicated City Hall building is at16000 N. Civixc Center Plaza. The entire project — including a parking garagee — cost $48.2 million, and was paid for in cash by the WhileSurprise don’t have a traditional downtown the new City Hall is within walking distance of the Hearr Museum West and the Surprisr Tennis and Racquet Complex “Relocating City Hall to the Surprisew Civic Center Complex has transformed this area into the heart of the city,” said City Manager Randyu Oliver. City officials say the new City at 136,000 square feet, is designer around customer service.
A Development Services Center is a focalo point ofCity Hall, acting as a one-stop shop for annexatiobn proposals, zone changes, conditional use permits and many otheer common city services. New councio chambers are located in the east wing of the first and witha 170-seat capacity, more than doublr the size of the formetr council chambers. Before entering the chambers, visitoras will be required to pass through a security The city is hoping to fill much of its old City Hall buildinh withtechnology companies. The TechCeleratorf will be designed as an incubatotfor late-stage technology and biotecg startups. The city plans to begin leasingt space soon at the old city complex at12425 W.
Bell City officials say customized spaces will be availabled up toabout 5,000 square feet each, and lease s will start at $2 to $6 per square foot. Surprise will handld recruitment of tech companies tothe site. Businesds Journal Reporter Patrick O’Grady contributed to this story.
Tuesday, April 19, 2011
General aviation airports see signs that better times may not be far away - Houston Business Journal:
rajyifox.blogspot.com
After a six-month period that has seen the industr take hits to its public perceptiomn andbottom line, they say a return of consumed confidence and lower fuel prices point towardf a blue sky ahead. “Ifg you’re comparing it to a year ago, yeah, we’vse seen a decline,” says Mid West Corporate Aviationj CEOMarvin Autry. “(But) things are startin to level out.” Autry estimates his businesd at is down by 15 percent since this time last Fuel sales at Jabara in March weredown 16.87 percenrt compared to a year ago. However, fuel sales went from 61,769 gallons in February to 66,184 gallons in March. Fuel usager has dropped at the .
Even so, officiales there also are seeing signs of a Melissa McCoy, spokesperson for the Salina Airporyt Authority, says March’s fuel total of 182,205 gallons was the lowest levep seen since the early 90s. But the number of totakl operations in the first quarterwere That’s a 1.2 perceng decline from last but, she says, it’s a sign things are leveliny off. T.W. Anderson, manager of the , has 114 aircrafr based at his airport. Althoughg his hangars remain full, he says he has seen a drop in the numbed of aircraft stoppingto refuel.
But with sprinf in the air and the weather Anderson says more people are returninv to flyingtheir piston-driven Those airplanes burn AVgas, and Anderson says sales increasedd 5 percent in April. “I think what we’re seeintg is more people, now that they have a bettefr handle onthe economy, are going back to He has seen a drop in jet fuel sales which he says are down 20 percent from this time last crews aren’t flying through Newton as they used to. Andersom says of the 30 business jets used on the circuif to fly support teams to and from Newton typically sees 6 to 10 a stopping throughbetween coasts.
But he says as more crewa fly commercial tocut costs, just one of the NASCAtR jets has stopped there. The cost of fuel has droppesd dramatically in thepast year. In Newton, AVgas has fallenb from $4.88 a gallon at this time last year, to At Jabara, prices are down to $4.39 a Similar drops in jet fuel prices could begij spurring more business jet usage as According tothe , the average price of jet fuel $58.40 a barrel as of May 1 is down 58.7 percent from this time a year ago. For lower prices mean more incentiveto fly, whether for business or for fun.
And althoughj he thinks traffic levels will rebound by leveling off now means the ascentf back to those levelsis “I think things have hit a bottom,” he “I think people are startinf to have more confidencs in the economy.”
After a six-month period that has seen the industr take hits to its public perceptiomn andbottom line, they say a return of consumed confidence and lower fuel prices point towardf a blue sky ahead. “Ifg you’re comparing it to a year ago, yeah, we’vse seen a decline,” says Mid West Corporate Aviationj CEOMarvin Autry. “(But) things are startin to level out.” Autry estimates his businesd at is down by 15 percent since this time last Fuel sales at Jabara in March weredown 16.87 percenrt compared to a year ago. However, fuel sales went from 61,769 gallons in February to 66,184 gallons in March. Fuel usager has dropped at the .
Even so, officiales there also are seeing signs of a Melissa McCoy, spokesperson for the Salina Airporyt Authority, says March’s fuel total of 182,205 gallons was the lowest levep seen since the early 90s. But the number of totakl operations in the first quarterwere That’s a 1.2 perceng decline from last but, she says, it’s a sign things are leveliny off. T.W. Anderson, manager of the , has 114 aircrafr based at his airport. Althoughg his hangars remain full, he says he has seen a drop in the numbed of aircraft stoppingto refuel.
But with sprinf in the air and the weather Anderson says more people are returninv to flyingtheir piston-driven Those airplanes burn AVgas, and Anderson says sales increasedd 5 percent in April. “I think what we’re seeintg is more people, now that they have a bettefr handle onthe economy, are going back to He has seen a drop in jet fuel sales which he says are down 20 percent from this time last crews aren’t flying through Newton as they used to. Andersom says of the 30 business jets used on the circuif to fly support teams to and from Newton typically sees 6 to 10 a stopping throughbetween coasts.
But he says as more crewa fly commercial tocut costs, just one of the NASCAtR jets has stopped there. The cost of fuel has droppesd dramatically in thepast year. In Newton, AVgas has fallenb from $4.88 a gallon at this time last year, to At Jabara, prices are down to $4.39 a Similar drops in jet fuel prices could begij spurring more business jet usage as According tothe , the average price of jet fuel $58.40 a barrel as of May 1 is down 58.7 percent from this time a year ago. For lower prices mean more incentiveto fly, whether for business or for fun.
And althoughj he thinks traffic levels will rebound by leveling off now means the ascentf back to those levelsis “I think things have hit a bottom,” he “I think people are startinf to have more confidencs in the economy.”
Sunday, April 17, 2011
Levitt units up credit by $80M - South Florida Business Journal:
http://obesonuqa.wordpress.com
The Fort Lauderdale-based home builder reporteed the financing in a Thursday Securitieds and ExchangeCommission filing. In the Levitt (NYSE: LEV) said its Core Communities unit enterec the facilitywith , 15. The company said the funds are based on the appraisef value and other factors relating toabout 2,950p acres in its Tradition development in Port St. currently pledged to Transamerica. , a Core Communitiees subsidiary, guarantees the revolving credit Levitt said.
The subsidiary owns the 2,950 acres and Levit t said its guarantee is secured by the mortgage on the The facility includes a cross default provisionnwith $48 million of mortgage notew payable to Transamerica incurred in connection with the purchases of the property. Advances under the facility bear interestr at one month LIBOR plus a spread of 275 basis Levitt said. The company noted accrueed interest is due and payable monthly and all outstandinv principal is due and payableJune 1, 2011. Levitt said its subsidiary modified its credit agreemenftwith .
The change, made 13, increased the amount availablde for borrowingto $75 million from $35 It also amended the definition of "debt" to exclude liabilitie s associated with inventory not owned. Shares closeed up 22 cents to $11.76. The 52-weeki high was $25.50 on Jan. 10. The 52-weem low was $9.22 on Aug. 10.
The Fort Lauderdale-based home builder reporteed the financing in a Thursday Securitieds and ExchangeCommission filing. In the Levitt (NYSE: LEV) said its Core Communities unit enterec the facilitywith , 15. The company said the funds are based on the appraisef value and other factors relating toabout 2,950p acres in its Tradition development in Port St. currently pledged to Transamerica. , a Core Communitiees subsidiary, guarantees the revolving credit Levitt said.
The subsidiary owns the 2,950 acres and Levit t said its guarantee is secured by the mortgage on the The facility includes a cross default provisionnwith $48 million of mortgage notew payable to Transamerica incurred in connection with the purchases of the property. Advances under the facility bear interestr at one month LIBOR plus a spread of 275 basis Levitt said. The company noted accrueed interest is due and payable monthly and all outstandinv principal is due and payableJune 1, 2011. Levitt said its subsidiary modified its credit agreemenftwith .
The change, made 13, increased the amount availablde for borrowingto $75 million from $35 It also amended the definition of "debt" to exclude liabilitie s associated with inventory not owned. Shares closeed up 22 cents to $11.76. The 52-weeki high was $25.50 on Jan. 10. The 52-weem low was $9.22 on Aug. 10.
Friday, April 15, 2011
Danac gets good news from Montgomery County Planning Board - Nashville Business Journal:
savimy.blogspot.com
The Bethesda-based developer's 26-acre officd park in the Shady Grove Life Science Center is currently approvedfor 669,538 squarde feet of density and the campuse currently contains half of or 350,000 square feet. At a May 28 work the Montgomery County Planning Boarde decided to recommend in its drafy Gaithersburg West Master Plan that the property be developee with up to twice as much or contain upto 1.34 million squar e feet of office, retail and residentiak space. The southwest corner of the land currently includesa 272,000-square-foot, three-building compledx that houses software and pharmaceutical tenants.
The north side of the property contains the Metropolitan RegionalInformational Services' 72,000-square-footy headquarters. Last week, the board also recommended that Danac'sa Corridor Cities Transitway stop be located at or near its northeastern near the intersection of Diamondback Drive and Decoverly Drive. That is good news for Danac, since the boar had left out the stop in earlier The transit stop near the cornef may be developed whether the state retainds the current road alignment or adoptssthe county's locally preferred alternative.
The board also pickes that location because the northeastern corner is considered to be convenient for pedestrians from the Decoverlyresidential communities. "Wd have a long way to go, but we are encouragec by the planning board's recommendations," said Timothy Dugan, a Danacd attorney. Several more work sessions are schedulesd over the nexttwo months, and in July the planniny board will send its draft master plan to the county executivw who will have 60 days to review and commenty before it is sent to the county councip for deliberations.
The Bethesda-based developer's 26-acre officd park in the Shady Grove Life Science Center is currently approvedfor 669,538 squarde feet of density and the campuse currently contains half of or 350,000 square feet. At a May 28 work the Montgomery County Planning Boarde decided to recommend in its drafy Gaithersburg West Master Plan that the property be developee with up to twice as much or contain upto 1.34 million squar e feet of office, retail and residentiak space. The southwest corner of the land currently includesa 272,000-square-foot, three-building compledx that houses software and pharmaceutical tenants.
The north side of the property contains the Metropolitan RegionalInformational Services' 72,000-square-footy headquarters. Last week, the board also recommended that Danac'sa Corridor Cities Transitway stop be located at or near its northeastern near the intersection of Diamondback Drive and Decoverly Drive. That is good news for Danac, since the boar had left out the stop in earlier The transit stop near the cornef may be developed whether the state retainds the current road alignment or adoptssthe county's locally preferred alternative.
The board also pickes that location because the northeastern corner is considered to be convenient for pedestrians from the Decoverlyresidential communities. "Wd have a long way to go, but we are encouragec by the planning board's recommendations," said Timothy Dugan, a Danacd attorney. Several more work sessions are schedulesd over the nexttwo months, and in July the planniny board will send its draft master plan to the county executivw who will have 60 days to review and commenty before it is sent to the county councip for deliberations.
Tuesday, April 12, 2011
bizjournals: Search Results
http://gaates.org/documents/gdsHS01.shtml
the company that helped remake...... by on Septembere 5, 2008 ...Washington-based developer said Thursday ithas formed...... on Februaryu 7, 2002 ...A second vote is expected July 14, a date that developers . and Capstone Development LLC say woulsd allow them tobegin construction...... by on June 30, 2009 ...early when the search for private financing by developmentpartners . and Capstonee Development LLC stalled, Mayof Adrian Fenty proposed issuing $750...... by on June 18, 2009 ...packagse that would fund about 25 percent ofthe hotel, but . and Capston e Development have failed to attractf anestimated $300 million...... by on June 16, 2009 ...findd in the frozen credit markets.
O'Del said development partners . and Capstone Development had been dogged but unsuccessful intheir pursuit...... by on June 2, 2009 ...Teams led by Westermn Development Group, Stanton ., the Bozzuto Equity Residential, StreetSense Inc. and Development are still in the running...... by on May 22, 2009 ...propertiezs are located. Developers that have shown interest in Hineinclude .; EYA and the Neighborhoodx Development Corp.; Stanton Development Corp. and Eastbanc...... by on April 8, 2009 ...will its live-work-plauy promise appeal to potential tenants? Developer: . Owner: Affiliatea of Quadrangle and GMAsset Management, which is on September 26, 2008 ...
in the Nationaol Press Building at 529 14th St. NW to . It kept a 25 percentf interest and a partnership with by onAugust 12, 2008 ...construction loan on behalv of Perseus Realty LLC for the acquisition and of Redlanf Corporate Center phases II and III in Rockville. The on December 7, 2007 ...of the Towersx Crescent development inTysons Corner. D.C.-based . and AEW Capital Managemeng will builda 13-story, 295,000...... by on November 29, 2007 ...900-unit residentialo development on TowersCrescent Drive. D.C.-baser . and AEW Capital Management are pitchinga three-buildingy complex that...... by on October 5, 2007 ...ogf James G. Davis Construction . of "You don't...
Buchanan Partners, a Gaithersburg-basexd company. During the past few...... by on September 14, 2007 ... . The developerf has acquired the historic...... by on July 23, 2004 ...thse financing on behalf of andING Barings. Officialss with...... by on February 21, 2003 ...partnership led by District-baserd is nearing a deal by onNovember 16, 2001 ... will team with by on April 16, 1999 ... . has announce plans to bring a town-cente r style office development......
by on October 12, 1998
the company that helped remake...... by on Septembere 5, 2008 ...Washington-based developer said Thursday ithas formed...... on Februaryu 7, 2002 ...A second vote is expected July 14, a date that developers . and Capstone Development LLC say woulsd allow them tobegin construction...... by on June 30, 2009 ...early when the search for private financing by developmentpartners . and Capstonee Development LLC stalled, Mayof Adrian Fenty proposed issuing $750...... by on June 18, 2009 ...packagse that would fund about 25 percent ofthe hotel, but . and Capston e Development have failed to attractf anestimated $300 million...... by on June 16, 2009 ...findd in the frozen credit markets.
O'Del said development partners . and Capstone Development had been dogged but unsuccessful intheir pursuit...... by on June 2, 2009 ...Teams led by Westermn Development Group, Stanton ., the Bozzuto Equity Residential, StreetSense Inc. and Development are still in the running...... by on May 22, 2009 ...propertiezs are located. Developers that have shown interest in Hineinclude .; EYA and the Neighborhoodx Development Corp.; Stanton Development Corp. and Eastbanc...... by on April 8, 2009 ...will its live-work-plauy promise appeal to potential tenants? Developer: . Owner: Affiliatea of Quadrangle and GMAsset Management, which is on September 26, 2008 ...
in the Nationaol Press Building at 529 14th St. NW to . It kept a 25 percentf interest and a partnership with by onAugust 12, 2008 ...construction loan on behalv of Perseus Realty LLC for the acquisition and of Redlanf Corporate Center phases II and III in Rockville. The on December 7, 2007 ...of the Towersx Crescent development inTysons Corner. D.C.-based . and AEW Capital Managemeng will builda 13-story, 295,000...... by on November 29, 2007 ...900-unit residentialo development on TowersCrescent Drive. D.C.-baser . and AEW Capital Management are pitchinga three-buildingy complex that...... by on October 5, 2007 ...ogf James G. Davis Construction . of "You don't...
Buchanan Partners, a Gaithersburg-basexd company. During the past few...... by on September 14, 2007 ... . The developerf has acquired the historic...... by on July 23, 2004 ...thse financing on behalf of andING Barings. Officialss with...... by on February 21, 2003 ...partnership led by District-baserd is nearing a deal by onNovember 16, 2001 ... will team with by on April 16, 1999 ... . has announce plans to bring a town-cente r style office development......
by on October 12, 1998
Monday, April 11, 2011
J.G. Wentworth bankruptcy plan OK
aleshnikovenil.blogspot.com
As part of the deal, J.G. Wentworth’s parent, privates equity firm of New willinvest $100 million of new equitgy to support ongoing operations. It will also provide as much as $35 millionn for the company to buy loanx from lenders in exchange for new preferred interests in the TheBryn Mawr, Pa.-based company soughy acceptance of its plan from its lenders before what is callerd a prepackaged filing. More than 90 percentg of the termlenders approved, the company J.G.
Wentworth said its decisio n to file for Chapter 11 came aftere an extensive review of alternatives to address pressuresfrom “extremely challenging capital markets and high borrowinyg costs”, and was unanimously approvede by the company’s board of In December, J.G. Wentworth laid off 120 of its 200 employees and closex its LasVegas office. Founded in 1991, it movede from Philadelphia to Bryn Mawrin 2003.
As part of the deal, J.G. Wentworth’s parent, privates equity firm of New willinvest $100 million of new equitgy to support ongoing operations. It will also provide as much as $35 millionn for the company to buy loanx from lenders in exchange for new preferred interests in the TheBryn Mawr, Pa.-based company soughy acceptance of its plan from its lenders before what is callerd a prepackaged filing. More than 90 percentg of the termlenders approved, the company J.G.
Wentworth said its decisio n to file for Chapter 11 came aftere an extensive review of alternatives to address pressuresfrom “extremely challenging capital markets and high borrowinyg costs”, and was unanimously approvede by the company’s board of In December, J.G. Wentworth laid off 120 of its 200 employees and closex its LasVegas office. Founded in 1991, it movede from Philadelphia to Bryn Mawrin 2003.
Saturday, April 9, 2011
Masters: What to Expect on Day Three - Wall Street Journal (blog)
http://www.jafse.com/user_detail.php?u=bionmirwentee
Globe and Mail | Masters: What to Expect on Day Three W » |
Thursday, April 7, 2011
St. Louis moves to declare Kiel blighted - St. Louis Business Journal:
http://www.jafse.com/user_detail.php?u=bionmirwentee
The city’s Land Clearance for RedevelopmenrAuthority (LCRA) recommended to the Board of Alderman that the Kiel Oper a House at 1400 Market Street be redeclaree blighted. If that designation is approved by the it would provide the city the option of offeriny tax abatement to leaseholder SCP Worldwide to supporf a restoration of the buildiny into a theatrical andconcert venue. The property was deemed blightefd in the early 1990z before theadjoining arena, now called Scottrade Center, was Lawyers from the law firm hiree Jan.
27 by the LCRA to help pave the wayfor Kiel’sd redevelopment recommended the designation be restated for the operwa house portion of the property to eliminate any uncertaintyy or debate. New York City-based SCP Worldwide, whicyh owns the and holds the long-termj leases to Scottrade Centerand Kiel, has been exploringg plans to redevelop Kiel into an entertainment venued for more than two years. The price tag is estimatexd to rangebetween $40 million and $60 million. SCP Chairmanh Dave Checketts brought in LLCof Mo.
, as a redevelopment partner and as its general The plans stalled for some time, but were revivex again in recent “SCP wants to get moving as soon as and we’re working on a plan,” said Deputy Mayoe Barbara Geisman. “But it’s a complicatedr deal with manymoving parts.” The “blighted” designation would only mattet if the city, through the were to sell the Kiel property to SCP, whicbh currently leases it. Private ownership of a blighterd property would make the property eligible for tax But other forms ofpublic assistance, such as tax increment financint or tax credits, are also being discussed.
Those would not require SCP to purchaseKiel outright. “This remains a great project, and I think it absolutely will SCP Partner Ken Munoz said backin January. “We’re going to try to put togethetr a financial plan that makes sensedfor us, and we certainly want the city’ds support. It may be harder to do consideringf the constraints on credit and theoverallo economy, but we remain resolute that this is something we will get done.
” On SCP spokesman Eric Gelfan said the Blues owners “aree still in active discussions with the
The city’s Land Clearance for RedevelopmenrAuthority (LCRA) recommended to the Board of Alderman that the Kiel Oper a House at 1400 Market Street be redeclaree blighted. If that designation is approved by the it would provide the city the option of offeriny tax abatement to leaseholder SCP Worldwide to supporf a restoration of the buildiny into a theatrical andconcert venue. The property was deemed blightefd in the early 1990z before theadjoining arena, now called Scottrade Center, was Lawyers from the law firm hiree Jan.
27 by the LCRA to help pave the wayfor Kiel’sd redevelopment recommended the designation be restated for the operwa house portion of the property to eliminate any uncertaintyy or debate. New York City-based SCP Worldwide, whicyh owns the and holds the long-termj leases to Scottrade Centerand Kiel, has been exploringg plans to redevelop Kiel into an entertainment venued for more than two years. The price tag is estimatexd to rangebetween $40 million and $60 million. SCP Chairmanh Dave Checketts brought in LLCof Mo.
, as a redevelopment partner and as its general The plans stalled for some time, but were revivex again in recent “SCP wants to get moving as soon as and we’re working on a plan,” said Deputy Mayoe Barbara Geisman. “But it’s a complicatedr deal with manymoving parts.” The “blighted” designation would only mattet if the city, through the were to sell the Kiel property to SCP, whicbh currently leases it. Private ownership of a blighterd property would make the property eligible for tax But other forms ofpublic assistance, such as tax increment financint or tax credits, are also being discussed.
Those would not require SCP to purchaseKiel outright. “This remains a great project, and I think it absolutely will SCP Partner Ken Munoz said backin January. “We’re going to try to put togethetr a financial plan that makes sensedfor us, and we certainly want the city’ds support. It may be harder to do consideringf the constraints on credit and theoverallo economy, but we remain resolute that this is something we will get done.
” On SCP spokesman Eric Gelfan said the Blues owners “aree still in active discussions with the
Tuesday, April 5, 2011
Confidential - Dallas Business Journal:
adamovaichive.blogspot.com
• Teams from local corporations recentlgy did battle in perhaps the nerdiestgbenefit ever. Yep, it was the third-annuall Adult Spelling Bee for Literacy Instruction forTexaz , held May 14 at First Presbyteriam Church in Dallas. Teams from , Gardere Wynne Sewell LLP , , , the Dallads Chamber of Commerce and the DBJ risked flashbacks to the fourtbh grade and took their seats on stage. Hilarity ensued. Particularly when emcee KLUV-FMn personality Mitch Carr gavethe round-on word to the Chamber team hotel. The Dallas Chamber was a vocal supportefr of the controversial conventiohcenter hotel. “I so wantexd to use that in a sentence!
” Carr said aftef Jon Gilloon spelledit correctly. The Chamber team went on to win the trophyuwith psoriasis, which was a much easie r word than forsythia. I blamee missing that one on pronunciation, Mr. Carr. Leslise Clay with LIFT said the bee raisesabout $1,600 for adult literacty programs. LIFT helped 8,500 adults to learh to read for free last yearin Dallas, Tarrant and Collibn counties. • Fort Worth’s Tim Love , chef and ownef of the and The LoveShack , will compete on “Tolp Chef Masters,” a spin-off seriea of the Emmy Award-winninf “Top Chef” cable television show.
The realitt competition, which premieres June 10 on Bravo, will pit 24 world-renownecd chefs against each other. The winners get monety for charity. Guest judges will include Neil PatrickHarris , Zooety Deschanel and Jeff Lewis , as well as past “Tol Chef” winners. Love will be the only Texas chef onthe Let’s hope he won’r have to pack his knives and go. The is holding its 22nd-annual Charity Golf Classic June 5 to benefiytDallas Children’s Charities . The outing will be held at in The $200 entry fee includes fees, gifts, food, cart, libationsw and “surprises all over the course.
” And the societ will continue the “best-dressed hole” contest with decorations and antics at each hole. “All players will vote on whichh group put together the mostentertaining hole,” said John Krans , tournament chairman. There are several things in thisitem that, in combination, make me Regardless, for more go to www.dallaschildrenscharities.org.
• Teams from local corporations recentlgy did battle in perhaps the nerdiestgbenefit ever. Yep, it was the third-annuall Adult Spelling Bee for Literacy Instruction forTexaz , held May 14 at First Presbyteriam Church in Dallas. Teams from , Gardere Wynne Sewell LLP , , , the Dallads Chamber of Commerce and the DBJ risked flashbacks to the fourtbh grade and took their seats on stage. Hilarity ensued. Particularly when emcee KLUV-FMn personality Mitch Carr gavethe round-on word to the Chamber team hotel. The Dallas Chamber was a vocal supportefr of the controversial conventiohcenter hotel. “I so wantexd to use that in a sentence!
” Carr said aftef Jon Gilloon spelledit correctly. The Chamber team went on to win the trophyuwith psoriasis, which was a much easie r word than forsythia. I blamee missing that one on pronunciation, Mr. Carr. Leslise Clay with LIFT said the bee raisesabout $1,600 for adult literacty programs. LIFT helped 8,500 adults to learh to read for free last yearin Dallas, Tarrant and Collibn counties. • Fort Worth’s Tim Love , chef and ownef of the and The LoveShack , will compete on “Tolp Chef Masters,” a spin-off seriea of the Emmy Award-winninf “Top Chef” cable television show.
The realitt competition, which premieres June 10 on Bravo, will pit 24 world-renownecd chefs against each other. The winners get monety for charity. Guest judges will include Neil PatrickHarris , Zooety Deschanel and Jeff Lewis , as well as past “Tol Chef” winners. Love will be the only Texas chef onthe Let’s hope he won’r have to pack his knives and go. The is holding its 22nd-annual Charity Golf Classic June 5 to benefiytDallas Children’s Charities . The outing will be held at in The $200 entry fee includes fees, gifts, food, cart, libationsw and “surprises all over the course.
” And the societ will continue the “best-dressed hole” contest with decorations and antics at each hole. “All players will vote on whichh group put together the mostentertaining hole,” said John Krans , tournament chairman. There are several things in thisitem that, in combination, make me Regardless, for more go to www.dallaschildrenscharities.org.
Sunday, April 3, 2011
Realtors, auto dealers happy with slimmed-down tax breaks - Washington Business Journal:
http://www.novobr.com/user_detail.php?u=smuffpeme
The legislation increased the current $7,500 tax credit for first-time homebuyers to $8,000 and removed a requirement that it be repaif to the government over 15 The bill also extended the credituntil Dec. 1. The creditf phases out for taxpayers with adjusteds gross income of morethan $75,000 ($150,000 for joint returns). The estimates a Senate-passed $15,000 tax credit — availabls to anyone, not just first-time buyersd — would have generated an additional 500,0009 home sales. The thinks the slimmed-down version coulx stimulate upto 300,000 additional home sales.
The tax crediyt “will help bring first-time home buyers to the markett and reducehousing inventory,” said NAR Presidenr Charles McMillan, a broker with . Auto dealersa also had to settle for less than what they The original Senate version of the stimulus bill provided a tax deductionn for interest payments on car Thefinal bill, however, reduced that deductio to only sales and excise taxes paid on new vehicls purchases. Even this limited break “willk help jump-start auto sales,” said David Regan, vice president of legislative affairs forthe .
Many of the car buyerzs who will take advantage of the sales tax deduction probablyt would have bought acar anyway, said Clint managing principal for tax policyh at Deloitte Tax. But the tax creditf will “create some buzz” and give consumer a sense that “the government approves me buyinga car,” he
The legislation increased the current $7,500 tax credit for first-time homebuyers to $8,000 and removed a requirement that it be repaif to the government over 15 The bill also extended the credituntil Dec. 1. The creditf phases out for taxpayers with adjusteds gross income of morethan $75,000 ($150,000 for joint returns). The estimates a Senate-passed $15,000 tax credit — availabls to anyone, not just first-time buyersd — would have generated an additional 500,0009 home sales. The thinks the slimmed-down version coulx stimulate upto 300,000 additional home sales.
The tax crediyt “will help bring first-time home buyers to the markett and reducehousing inventory,” said NAR Presidenr Charles McMillan, a broker with . Auto dealersa also had to settle for less than what they The original Senate version of the stimulus bill provided a tax deductionn for interest payments on car Thefinal bill, however, reduced that deductio to only sales and excise taxes paid on new vehicls purchases. Even this limited break “willk help jump-start auto sales,” said David Regan, vice president of legislative affairs forthe .
Many of the car buyerzs who will take advantage of the sales tax deduction probablyt would have bought acar anyway, said Clint managing principal for tax policyh at Deloitte Tax. But the tax creditf will “create some buzz” and give consumer a sense that “the government approves me buyinga car,” he
Friday, April 1, 2011
Credit card delinquencies rise - New Mexico Business Weekly:
http://www.annuaire-lyon.info/user_detail.php?u=oceapette
Year over year, bank card delinquencies increased 11 percentfrom 1.19 to 1.32 percent 9 percent higher than in fourth-quarter 2008. Nevada at 2.44 perceng and Florida at 1.9 percent had the highest delinquency rates. The delinquency rate is defined as the ratilo of borrowers 90 days or more behind on one or more of theidrbank cards. Average credit card debt inchedf upwardnationally 0.82 percent to $5,776 from the previous quarter’sz $5,729, and 4 percent compared to the firstt quarter of 2008 at $5,548.
“Asd the recession entered its sixth we saw continued increases in averagde bankcard balances, as consumers strugglee to meet repayment obligations in a job market that continuews to deteriorate,” said Ezra Becker, director of consulting and strategy in TransUnion’e financial services group. “Thisw increase could be an indication that tax refund checks, typically used to pay down balance s during the first quartert in years past, are now beingb used to cover daily living expenses.” TransUnionm creates its quarterly reports from 27 million individual credit files.
Year over year, bank card delinquencies increased 11 percentfrom 1.19 to 1.32 percent 9 percent higher than in fourth-quarter 2008. Nevada at 2.44 perceng and Florida at 1.9 percent had the highest delinquency rates. The delinquency rate is defined as the ratilo of borrowers 90 days or more behind on one or more of theidrbank cards. Average credit card debt inchedf upwardnationally 0.82 percent to $5,776 from the previous quarter’sz $5,729, and 4 percent compared to the firstt quarter of 2008 at $5,548.
“Asd the recession entered its sixth we saw continued increases in averagde bankcard balances, as consumers strugglee to meet repayment obligations in a job market that continuews to deteriorate,” said Ezra Becker, director of consulting and strategy in TransUnion’e financial services group. “Thisw increase could be an indication that tax refund checks, typically used to pay down balance s during the first quartert in years past, are now beingb used to cover daily living expenses.” TransUnionm creates its quarterly reports from 27 million individual credit files.
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