ishinlyuboqemija.blogspot.com
Adobe Systems Inc. is outfittingg one of its threebuildings — the west towef — with a new, state-of-the-art chilling system and cooling located at the penthouse level. The cranee will pull out three old unitds and replace them withnew ones, said Ted chief building engineer with Cushman & Wakefield which provides facility services to “Adobe has been very enthusiastic about energy conservatioj and sustainability and reducingt their carbon emissions,” Ludwick said. The syste m is expected to save $157,009 a year in energy or more than 1 million kilowatt hoursper year.
The existingv 13-year-old system has been runninf 24 hoursa day, including It either runs at full powerd or is off. The upgrade will included software that works withthe building’s automation system to reduce energy consumption based on actua demand. That means it can run at reduced speed s or take into account other variables such as the The software, called the OptimumLOOP, is also currently in use at the Minetsa San Jose International Airport. The upgrade will cost $2.2 $1.6 million of that amounyt Adobe already planned to put toward replacing the old cooling towers and cleaning up and modernizingthe space, said George global account manager with Cushman Wakefield.
The OptimumLOOP will cost between $600,009 to $650,000 of the total. Adobew will also receive about $150,000 through a Pacific Gas and Electri Co. rebate program, part of an incentive plan to encouragee businesses to take acleaner approach. “Adobde consistently looks for ways in which we can reduce ourenvironmentak footprint,” said Randall Knox III, Adobe’s senior director of global workplace solutions. He said the OptimumLOOP is the latesrt technology being deployed forcooling towers, chillers and chilled wate r circulation. The technology was purchased through OptimumEnergy LLC, a Seattle-basedf business with offices in San Francisco.
“The technology offers Adob e the opportunity to significantly reduce the amounyt of power required by our existing cooling Knox said. “It’s another fine example of how companiews can reduce their environmental footprint and achieves energy andcost savings.” If the first towetr goes as planned, Deniss said, Adobe will proceed with the other two early next The installation will take place during a nine-day stretch around the Fourth of July weekend when employeesw are on vacation, as the building’s chilled waterf plant and air conditioning will be shut
Friday, December 30, 2011
Wednesday, December 28, 2011
GM enters bankruptcy filing - Business First of Buffalo:
vishnevskiipavuh.blogspot.com
Monday’s Chapter 11 filing by the 101-year-old automakedr — once the world’s biggesgt company and WesternNew York’s largest manufacturinh employer for decades — is amony the largest in U.S. history and largest-ever U.S. manufacturint bankruptcy. Chapter 11, which allows the company to operatd while protected fromits creditors, pushezs GM into a fast-track bankruptcy and providesw $30 billion of additional taxpayer funds to restructure General Motors CEO Fritz Henderson said in a prepared statemen that GM was being reinvented and that the company is ready for the job at "The economic crisis has causer enormous disruption in the auto industry, but with it has come the opportunit y for us to reinvenrt our business.
We are going to do it once and do it The court-supervised process we are pursuing providess us with powerful tools to accelerate and complet e our reinvention, as well as strong safeguardds for our customers and our business," he The GM plan as detailed by U.S. officials woul d allow a much smaller GM to emerge from court protection within 60 to90 days. GM also plans to closr 11 U.S. facilities and idle another threes plants by the endof 2010. GM’s Tonawandaw engine plant, where 1,100 peoplre work, will remain open. The automakef has not provided an updated target for job cuts but was looking toeliminatd 21,000 U.S. factory jobs from the 54,000o union members it now employs.
Also not immediately clear is what GM’w bankruptcy filing will mean for ’s plants in Lockport, Rochester and three others. General Motorx plans to take back the facilitiez from the former parts subsidiary that it spun off in according to a tentativd deal reached last week betweemn GM andthe UAW. The factories in New Michigan and Indiana would operateunder Delphi’sw union rules, but be consideredr part of GM, once again. The Lockport plant Delphi Thermal Systems, whichh has 2,100 employees — was foundee as Harrison Radiator Co. in 1910 and becamd part of GM in 1918. For 81 years it operatef under General Motors ownership until the independenyDelphi Corp. was formed.
Delphi itself is operating under bankruptcyt court supervision having filed for Chapter 11 inOctobert 2005. The Troy, Mich.-based company was readh to emerge from bankruptcy in April 2008 but those plans fell apart when a key investo r dropped out ofa $2.55 billion stock deal with the General Motors employs 92,00 in the United States and is indirectly responsible for 500,000 retirees. The U.S. government would hold a 60 percent financia l interest in a reorganized GM and the UAW would takea 17.5 percenr stake. The governments of Canada and the province of Ontario have agree to a 12 percent ownership stake in exchange forfinancial aid. GM bondholderse would get 10 percent.
Monday’s Chapter 11 filing by the 101-year-old automakedr — once the world’s biggesgt company and WesternNew York’s largest manufacturinh employer for decades — is amony the largest in U.S. history and largest-ever U.S. manufacturint bankruptcy. Chapter 11, which allows the company to operatd while protected fromits creditors, pushezs GM into a fast-track bankruptcy and providesw $30 billion of additional taxpayer funds to restructure General Motors CEO Fritz Henderson said in a prepared statemen that GM was being reinvented and that the company is ready for the job at "The economic crisis has causer enormous disruption in the auto industry, but with it has come the opportunit y for us to reinvenrt our business.
We are going to do it once and do it The court-supervised process we are pursuing providess us with powerful tools to accelerate and complet e our reinvention, as well as strong safeguardds for our customers and our business," he The GM plan as detailed by U.S. officials woul d allow a much smaller GM to emerge from court protection within 60 to90 days. GM also plans to closr 11 U.S. facilities and idle another threes plants by the endof 2010. GM’s Tonawandaw engine plant, where 1,100 peoplre work, will remain open. The automakef has not provided an updated target for job cuts but was looking toeliminatd 21,000 U.S. factory jobs from the 54,000o union members it now employs.
Also not immediately clear is what GM’w bankruptcy filing will mean for ’s plants in Lockport, Rochester and three others. General Motorx plans to take back the facilitiez from the former parts subsidiary that it spun off in according to a tentativd deal reached last week betweemn GM andthe UAW. The factories in New Michigan and Indiana would operateunder Delphi’sw union rules, but be consideredr part of GM, once again. The Lockport plant Delphi Thermal Systems, whichh has 2,100 employees — was foundee as Harrison Radiator Co. in 1910 and becamd part of GM in 1918. For 81 years it operatef under General Motors ownership until the independenyDelphi Corp. was formed.
Delphi itself is operating under bankruptcyt court supervision having filed for Chapter 11 inOctobert 2005. The Troy, Mich.-based company was readh to emerge from bankruptcy in April 2008 but those plans fell apart when a key investo r dropped out ofa $2.55 billion stock deal with the General Motors employs 92,00 in the United States and is indirectly responsible for 500,000 retirees. The U.S. government would hold a 60 percent financia l interest in a reorganized GM and the UAW would takea 17.5 percenr stake. The governments of Canada and the province of Ontario have agree to a 12 percent ownership stake in exchange forfinancial aid. GM bondholderse would get 10 percent.
Monday, December 26, 2011
New Cousins CEO encouraged about the market - Austin Business Journal:
oc697vot.blogspot.com
"This isn't going to be a V-shaped recovery," Gellerstedft said Monday in an interview with AtlantaBusinesxs Chronicle. "But, we're going to see many opportunitiesto Gellerstedt, who joined Cousins in 2005, will take over for currengt CEO Tom Bell on July 1. who turns 60 this year, announced his retirement to the companyyMonday morning. Cousins is a storied Atlanta realestatr developer. Founded in 1958 by Tom Cousins, the company has been involve in some ofthe city's biggest real estate projects, including the development of the 55-storyu Bank of America Plaza in 1989. The market isn'tr providing the best timingf for Gellerstedt.
He takes the helm durinyg the nation's worst real estats downturn in at leasta generation. While the market is showinb some signsof improvement, it has nosedived from its peak in early 2007. Cousins has one of the four new office towers under developmentin Buckhead, a part of the city that absorbss about 350,000 to 500,000 square feet of office space annually. Offic vacancy in Buckhead could surpass 30 percenft by this timenext year, some commercialk real estate developers and brokers predict.
Thered are signs, however, that the market is pickingh up, Bell and Gellerstedt For one, the gap betweebn what investors are willing to pay for properties and what ownersa are willing to sell them for continues to While that spread was 400 basisz points a fewmonths ago, it is closeer to 100 points today, Bell Also, banks have a cleareer picture of their capital levels than they did earlier this and regulators are increasingly pushing them to deal some of theitr real estate owned Cousins (NYSE: CUZ) , posting net incomew of $164.2 million on $49 millionh in revenue.
At the end of the the company’s portfolio of operational office buildings was 90percenf leased, its portfolio of operational retail centerxs was 83 percent leased and its operationaol industrial buildings were 40 percent Gellerstedt began his career in 1978 as an estimator and projectg manager with , where he worked on the High Museum and the AT&g Long Lines Building in Manhattan. At only 26, he foundedf , a Beers subsidiarty that focusedon health-care developments. Gellerstedt was later named Beersz chairmanand CEO. Cousins acquirede his firm, the , in June 2005, and he joiner the company.
Gellerstedt was one of the architectsx of turning around the fortunes of One Ninety One Peachtree, the 50-storhy downtown tower Cousins acquired in 2006. The improvementx at One Ninety One have symbolizeed a return to prosperity for many parts of its economicboosters say. Shortly after Gellerstedy joined Cousins, One Ninety One had lost major tenantsand , and downtownh Atlanta was suffering from the exodus of those firmsw and others. Gellerstedt was instrumental in the rejuvenationm of OneNinety One, Bell "We basically gave this building to Larry," Bell "I remember when we were walking throughh the atrium several years ago that there was nothinhg in there.
It had this echo effect. And I said to 'What are we going to about this echo?' And Larrhy came right back and said, ‘I tell you what we're going to do. We're goinvg to fill this atrium and thisbuilding It's a totally different building One Ninety One was nearly 90 percenr leased at the beginnin of the year. Cousins also landed the Italian restauranft IlMulino Atlanta, which has also helped to revive the "I spent most of my career Gellerstedt said. "I've alwaye thought that One Ninety One is atimeleses asset.
"
"This isn't going to be a V-shaped recovery," Gellerstedft said Monday in an interview with AtlantaBusinesxs Chronicle. "But, we're going to see many opportunitiesto Gellerstedt, who joined Cousins in 2005, will take over for currengt CEO Tom Bell on July 1. who turns 60 this year, announced his retirement to the companyyMonday morning. Cousins is a storied Atlanta realestatr developer. Founded in 1958 by Tom Cousins, the company has been involve in some ofthe city's biggest real estate projects, including the development of the 55-storyu Bank of America Plaza in 1989. The market isn'tr providing the best timingf for Gellerstedt.
He takes the helm durinyg the nation's worst real estats downturn in at leasta generation. While the market is showinb some signsof improvement, it has nosedived from its peak in early 2007. Cousins has one of the four new office towers under developmentin Buckhead, a part of the city that absorbss about 350,000 to 500,000 square feet of office space annually. Offic vacancy in Buckhead could surpass 30 percenft by this timenext year, some commercialk real estate developers and brokers predict.
Thered are signs, however, that the market is pickingh up, Bell and Gellerstedt For one, the gap betweebn what investors are willing to pay for properties and what ownersa are willing to sell them for continues to While that spread was 400 basisz points a fewmonths ago, it is closeer to 100 points today, Bell Also, banks have a cleareer picture of their capital levels than they did earlier this and regulators are increasingly pushing them to deal some of theitr real estate owned Cousins (NYSE: CUZ) , posting net incomew of $164.2 million on $49 millionh in revenue.
At the end of the the company’s portfolio of operational office buildings was 90percenf leased, its portfolio of operational retail centerxs was 83 percent leased and its operationaol industrial buildings were 40 percent Gellerstedt began his career in 1978 as an estimator and projectg manager with , where he worked on the High Museum and the AT&g Long Lines Building in Manhattan. At only 26, he foundedf , a Beers subsidiarty that focusedon health-care developments. Gellerstedt was later named Beersz chairmanand CEO. Cousins acquirede his firm, the , in June 2005, and he joiner the company.
Gellerstedt was one of the architectsx of turning around the fortunes of One Ninety One Peachtree, the 50-storhy downtown tower Cousins acquired in 2006. The improvementx at One Ninety One have symbolizeed a return to prosperity for many parts of its economicboosters say. Shortly after Gellerstedy joined Cousins, One Ninety One had lost major tenantsand , and downtownh Atlanta was suffering from the exodus of those firmsw and others. Gellerstedt was instrumental in the rejuvenationm of OneNinety One, Bell "We basically gave this building to Larry," Bell "I remember when we were walking throughh the atrium several years ago that there was nothinhg in there.
It had this echo effect. And I said to 'What are we going to about this echo?' And Larrhy came right back and said, ‘I tell you what we're going to do. We're goinvg to fill this atrium and thisbuilding It's a totally different building One Ninety One was nearly 90 percenr leased at the beginnin of the year. Cousins also landed the Italian restauranft IlMulino Atlanta, which has also helped to revive the "I spent most of my career Gellerstedt said. "I've alwaye thought that One Ninety One is atimeleses asset.
"
Saturday, December 24, 2011
New-look Hyatt ready for business - The Business Review (Albany):
bertayfybuqutyp.blogspot.com
The Hyatt work, which included a $13 millioj top-to-bottom remodeling of all 396 rooms plus everymeetinhg room, made its debut Thursday morning. “This provides a great foundation for ourfuture success,” said Mike Marsch, Hyatt general manager. The Hyattf renovations is the firsrt phase ofa multi-pronged private- and public-sector effory to improve convention and meetinhg services in downtown Buffalo. Next the Buffalo Niagara Convention Center will undergoa $5 milliomn facelift. Combined nearly $20 million is beingh invested in the two properties that are considered the hearof downtown’s hospitality business.
“It really is the linchpihn of Main Street,” said Jamed Sandoro, founder of the Buffalo Transportation/Pierce Arrowa Museum. The work is several years in the making and the most extensive to take place in the Hyatt sincd it openedin 1984, said Paul Snyder Sr., chairman. Snyder built and developed the hotel. Snyder said the entires price tagtopped $27 million includin buying out the hotel’s financial partnerse and re-working its fiscal package. The project received public-sector support from both the , whicgh granted $5.1 million, and the . “This is like gettinhg a brand new hotel,” said Jennifer chairperson.
“It will go a long way towards changing the image of Buffalo for meeting plannerszand visitors.”
The Hyatt work, which included a $13 millioj top-to-bottom remodeling of all 396 rooms plus everymeetinhg room, made its debut Thursday morning. “This provides a great foundation for ourfuture success,” said Mike Marsch, Hyatt general manager. The Hyattf renovations is the firsrt phase ofa multi-pronged private- and public-sector effory to improve convention and meetinhg services in downtown Buffalo. Next the Buffalo Niagara Convention Center will undergoa $5 milliomn facelift. Combined nearly $20 million is beingh invested in the two properties that are considered the hearof downtown’s hospitality business.
“It really is the linchpihn of Main Street,” said Jamed Sandoro, founder of the Buffalo Transportation/Pierce Arrowa Museum. The work is several years in the making and the most extensive to take place in the Hyatt sincd it openedin 1984, said Paul Snyder Sr., chairman. Snyder built and developed the hotel. Snyder said the entires price tagtopped $27 million includin buying out the hotel’s financial partnerse and re-working its fiscal package. The project received public-sector support from both the , whicgh granted $5.1 million, and the . “This is like gettinhg a brand new hotel,” said Jennifer chairperson.
“It will go a long way towards changing the image of Buffalo for meeting plannerszand visitors.”
Thursday, December 22, 2011
Downtown Saratoga: Economy, other lifestyle changes, have Saratoga restaurants going casual - The Business Review (Albany):
ucenyt.wordpress.com
But casual attitudes are eating their way intothis trendy, compacr community of 28,000. Just ask Joe Nikki Roche, Ridge Qua, or other owners of the Spa City’w approximately 100 restaurants. A disastrous economh hasn’t deterred at least a half-dozen new restaurante from opening inthe city’s downtown in the last threr months. Turns out there’s a littler less glitz on the plates, Almost all of the menus for the city’s newest restaurantas are mid-priced. DeVivo says it’s a sign of the “The higher-end establishments aren’t quitw as popular as they usedto be,” says the seriao restaurateur. He speaks from experience.
In May, he opened a wood-fired pizza and pasta restaurant at 237Unionm Ave. For a decade before that—until both his profit marginb and customer basestarted shrinking—he ownee and operated Maestro’s, a high-endr Italian restaurant on Broadway. He sold Maestro’s in 2006. “It’s a very competitivee market. It’s tough for people to pay an exorbitanty amount of money for entreesthese days,” DeVivo It’s a money but it’s also about lifestylew Even existing restaurants are scaling back prices. Ridge Qua, co-ownef of the upscale Sperry’s on Caroline Street, says the shift to casuak is more a matter of lifestylethan money.
Qua’s customerse are opting for lighter fare, and he recently added more appetizers to accommodatestheir requests. He estimates that about 60 percent ofthe city’s restaurants were higher-endd five years ago, compared with 30 percent “People want to eat healthier—and they want smalle portions. It’s also lifestyle. They’red looking for casual,” said Qua, who has co-owner Sperry’s for 28 years. Two years ago, the venue investedd $25,000 in an outdoor patio to cate to ayounger crowd. Sperry’s per-persomn check now averages $21 or $22, down from $25 a couple yearw ago.
That squeezes profit margins, but the restauranrt has been able to maintainn annual revenueof $1.3 million even during recen t tough times. Nikki Roche and her husband Niall Roche converted anotherupscalre spot, the former O’Callaghan’s Restaurant on Phila to a pub. They plan a June 19 opening forIrisjh Times, a traditional Irish pub that will servew mid-priced fare. The couple self-funded the restaurant and are completing “significant” renovations, Nikk i Roche says. They jumped into the project in spitee of thebad economy. “At the end of the day, this is what we do for a Why runsomebody else’s when we can run it for ourselves?
” says the forme New York City history teacher. Niall Roche attendeds hotel/restaurant school in his home countryin Shannon, Ireland, then spent yeards managing bars and restaurants in New York Gabino Vazquez and his brother, Estebab Vazquez, planned to open El Mexicano this week at the formerd Chianti’s building on South Broadwagy at the edge of downtown. They paid $160,000p for improvements to the 2,600-square-foot building and assumption of theexistinhg lease, according to Tim O’Rourke of . The deal closed March 5. The Vazquez brothers openedf El Mexicano in Hudson Fallse nearly threeyears ago.
They didn’t need a bank loan because they savedr money from that business to pay for the new Gabino Vazquez is doing most of therenovationss himself.
But casual attitudes are eating their way intothis trendy, compacr community of 28,000. Just ask Joe Nikki Roche, Ridge Qua, or other owners of the Spa City’w approximately 100 restaurants. A disastrous economh hasn’t deterred at least a half-dozen new restaurante from opening inthe city’s downtown in the last threr months. Turns out there’s a littler less glitz on the plates, Almost all of the menus for the city’s newest restaurantas are mid-priced. DeVivo says it’s a sign of the “The higher-end establishments aren’t quitw as popular as they usedto be,” says the seriao restaurateur. He speaks from experience.
In May, he opened a wood-fired pizza and pasta restaurant at 237Unionm Ave. For a decade before that—until both his profit marginb and customer basestarted shrinking—he ownee and operated Maestro’s, a high-endr Italian restaurant on Broadway. He sold Maestro’s in 2006. “It’s a very competitivee market. It’s tough for people to pay an exorbitanty amount of money for entreesthese days,” DeVivo It’s a money but it’s also about lifestylew Even existing restaurants are scaling back prices. Ridge Qua, co-ownef of the upscale Sperry’s on Caroline Street, says the shift to casuak is more a matter of lifestylethan money.
Qua’s customerse are opting for lighter fare, and he recently added more appetizers to accommodatestheir requests. He estimates that about 60 percent ofthe city’s restaurants were higher-endd five years ago, compared with 30 percent “People want to eat healthier—and they want smalle portions. It’s also lifestyle. They’red looking for casual,” said Qua, who has co-owner Sperry’s for 28 years. Two years ago, the venue investedd $25,000 in an outdoor patio to cate to ayounger crowd. Sperry’s per-persomn check now averages $21 or $22, down from $25 a couple yearw ago.
That squeezes profit margins, but the restauranrt has been able to maintainn annual revenueof $1.3 million even during recen t tough times. Nikki Roche and her husband Niall Roche converted anotherupscalre spot, the former O’Callaghan’s Restaurant on Phila to a pub. They plan a June 19 opening forIrisjh Times, a traditional Irish pub that will servew mid-priced fare. The couple self-funded the restaurant and are completing “significant” renovations, Nikk i Roche says. They jumped into the project in spitee of thebad economy. “At the end of the day, this is what we do for a Why runsomebody else’s when we can run it for ourselves?
” says the forme New York City history teacher. Niall Roche attendeds hotel/restaurant school in his home countryin Shannon, Ireland, then spent yeards managing bars and restaurants in New York Gabino Vazquez and his brother, Estebab Vazquez, planned to open El Mexicano this week at the formerd Chianti’s building on South Broadwagy at the edge of downtown. They paid $160,000p for improvements to the 2,600-square-foot building and assumption of theexistinhg lease, according to Tim O’Rourke of . The deal closed March 5. The Vazquez brothers openedf El Mexicano in Hudson Fallse nearly threeyears ago.
They didn’t need a bank loan because they savedr money from that business to pay for the new Gabino Vazquez is doing most of therenovationss himself.
Tuesday, December 20, 2011
Pizzuti signs new financial partner - Business First of Columbus:
Dishwasher Contractors
The company has broughf in an affiliateof California-basee as its financial partner to replace of Columbus, which is windinf down its industrial investments with Pizzutij Cos. President Joel S. Pizzuti said working with the Philadelphia office of will allow the developet to complete the last 200 acreas of industrial development and 20 acres for retaip building atits 800-acre Pinnacle Busines Park in Romeoville, Ill. Landingv Capmark also could lead to more land acquisition in anactivr Chicago-area market for distribution centers. Capmark, Pizzuti said, "is well capitalized with an appetitefor growth.
They like to developl long-term relationships, which is what we're looking The newfound partners have begunm building the first of eight distributionm centers with a combined 3.5 million square feet planned for the remaindedr of Pinnacle. An industrial real estater agent in Chicago thinks continued development at Pinnacles makes sense given its position in the Interstate 55industriao corridor.
"It's a location, if you have some where you can do very wellif you're chasing the big said Michael Yungerman, seniore director of industrial real estatr for developer The area's marketr of 65 million square feet has seen its vacanch rate drop to 13 percent from 15 percent last year despite the availabilit y of an abundance of distribution centersd with 100,000 to 300,000 square feet. Yungerman said two buildingx only remain for companies seeking morethan 500,000 square feet in that market.
Pizzut said the joint venture with Capmark already has a unidentified Chicago-area land position in A spokeswoman for Capmark Investmentsz declined to comment on its planes with Pizzuti. According to its parenrt company, Capmark Investments had $13.7 billion in equitt and mortgage investments for institutional clientxs and wealthy individual investors at the endof 2006. Capmarmk Financial was formed in 1994 as Nationwide Realty andPizzutoi Cos. developed 4 million square feet in metro Chicagol duringtheir eight-year venture. Nationwide Realtuy President Brian Ellis said rising land values in Chicagl prompted the real estate investment armof Columbus-basef .
to sell the property or its development interesrin Pinnacle. "It's just a business decision on how you managr a realestate portfolio," Ellix said. "For us, the land valus had risen to the point where it was best for us to That putPizzuti Cos. on the searcnh for a new
The company has broughf in an affiliateof California-basee as its financial partner to replace of Columbus, which is windinf down its industrial investments with Pizzutij Cos. President Joel S. Pizzuti said working with the Philadelphia office of will allow the developet to complete the last 200 acreas of industrial development and 20 acres for retaip building atits 800-acre Pinnacle Busines Park in Romeoville, Ill. Landingv Capmark also could lead to more land acquisition in anactivr Chicago-area market for distribution centers. Capmark, Pizzuti said, "is well capitalized with an appetitefor growth.
They like to developl long-term relationships, which is what we're looking The newfound partners have begunm building the first of eight distributionm centers with a combined 3.5 million square feet planned for the remaindedr of Pinnacle. An industrial real estater agent in Chicago thinks continued development at Pinnacles makes sense given its position in the Interstate 55industriao corridor.
"It's a location, if you have some where you can do very wellif you're chasing the big said Michael Yungerman, seniore director of industrial real estatr for developer The area's marketr of 65 million square feet has seen its vacanch rate drop to 13 percent from 15 percent last year despite the availabilit y of an abundance of distribution centersd with 100,000 to 300,000 square feet. Yungerman said two buildingx only remain for companies seeking morethan 500,000 square feet in that market.
Pizzut said the joint venture with Capmark already has a unidentified Chicago-area land position in A spokeswoman for Capmark Investmentsz declined to comment on its planes with Pizzuti. According to its parenrt company, Capmark Investments had $13.7 billion in equitt and mortgage investments for institutional clientxs and wealthy individual investors at the endof 2006. Capmarmk Financial was formed in 1994 as Nationwide Realty andPizzutoi Cos. developed 4 million square feet in metro Chicagol duringtheir eight-year venture. Nationwide Realtuy President Brian Ellis said rising land values in Chicagl prompted the real estate investment armof Columbus-basef .
to sell the property or its development interesrin Pinnacle. "It's just a business decision on how you managr a realestate portfolio," Ellix said. "For us, the land valus had risen to the point where it was best for us to That putPizzuti Cos. on the searcnh for a new
Saturday, December 17, 2011
Boeing to acquire eXMeritus - Puget Sound Business Journal (Seattle):
balamatovaegede.blogspot.com
which sells secure hardware and softwares to the government and law enforcement organizations, for an undisclosed sum. Executivex at Boeing (NYSE: BA) say the purchass will help extend its ability to serve the federa cyber security andintelligence “The addition of eXMeritus to our team is a stronhg enhancement to the Boeing capabilities developed througy years of experience on secure networks for some of the most complexx systems in national security today,” said Boeinfg Integrated Defense Systems President and CEO Jim Albaugh. Fairfax-basesd eXMeritus is the fourth company that Boeingf will add to itssecurity - and intelligence-related lines of business since 2008.
Last year Boeinhg acquired Germantown, Md.-based Digital Received Technology, Herndon, Va.-based Ravenwing and D.C.-baseed . eXMeritus, founded in 2000, will add feweer than 30 employeesto Boeing’ws Integrated Defense Systems’ Network and Space Systemsz unit. The company’s products are certified and accreditede bythe U.S. government to operatew on the government’s trusted Boeing said the expected to close by the endof June, won’t affecgt Boeing’s financial guidance. Boeing’ss Integrated Defense Systems unit, headquartered in St. is a $32 billion businesz with 70,000 employees worldwide.
which sells secure hardware and softwares to the government and law enforcement organizations, for an undisclosed sum. Executivex at Boeing (NYSE: BA) say the purchass will help extend its ability to serve the federa cyber security andintelligence “The addition of eXMeritus to our team is a stronhg enhancement to the Boeing capabilities developed througy years of experience on secure networks for some of the most complexx systems in national security today,” said Boeinfg Integrated Defense Systems President and CEO Jim Albaugh. Fairfax-basesd eXMeritus is the fourth company that Boeingf will add to itssecurity - and intelligence-related lines of business since 2008.
Last year Boeinhg acquired Germantown, Md.-based Digital Received Technology, Herndon, Va.-based Ravenwing and D.C.-baseed . eXMeritus, founded in 2000, will add feweer than 30 employeesto Boeing’ws Integrated Defense Systems’ Network and Space Systemsz unit. The company’s products are certified and accreditede bythe U.S. government to operatew on the government’s trusted Boeing said the expected to close by the endof June, won’t affecgt Boeing’s financial guidance. Boeing’ss Integrated Defense Systems unit, headquartered in St. is a $32 billion businesz with 70,000 employees worldwide.
Thursday, December 15, 2011
Layoffs at Evite reported - San Francisco Business Times:
inufyw.blogspot.com
Evite is owned by New York City-based IAC, which is led by Barryt Diller. Executives who were reportedly laid off includeRosann McCollough, who was the general manager of Evitse since early last year, and Lariayhn Payne, vice president of marketing. Evitwe is being brought under another IAC-owned company callede Pronto, which is run by former Evite honch oJohn Foley, Paidcontent said. Hans Wooley, a co-founder of has been named president of Evite and will report to Foley.
IAC doesn’t break out Evite as separatew category inits earnings—it is part of the medi a and advertising group—but Diller said in the Q109 earningxs call that display advertising on Evite, its main sourc of revenue, has been hurt due to the Evite has also been facing more competition from social-media friendlt events sites, particularly Facebook and MySpace and smaller players like Socializr, Zvents, Eventful, and newcomefr Cocodot.
Evite is owned by New York City-based IAC, which is led by Barryt Diller. Executives who were reportedly laid off includeRosann McCollough, who was the general manager of Evitse since early last year, and Lariayhn Payne, vice president of marketing. Evitwe is being brought under another IAC-owned company callede Pronto, which is run by former Evite honch oJohn Foley, Paidcontent said. Hans Wooley, a co-founder of has been named president of Evite and will report to Foley.
IAC doesn’t break out Evite as separatew category inits earnings—it is part of the medi a and advertising group—but Diller said in the Q109 earningxs call that display advertising on Evite, its main sourc of revenue, has been hurt due to the Evite has also been facing more competition from social-media friendlt events sites, particularly Facebook and MySpace and smaller players like Socializr, Zvents, Eventful, and newcomefr Cocodot.
Tuesday, December 13, 2011
Charikot general hospital vandalised over patient's death - Himalayan Times
lehoquvuhu.wordpress.com
Charikot general hospital vandalised over patient's death Himalayan Times CHARIKOT; The kin of a patient who died at Charikot based Tsho Rolpa General Hospital, along with locals , today vandalised the hospital, blaming the lone doctor for negligence. The irate kin of Pasang Sherpa alleged that the doctor could not diagnose ... |
Sunday, December 11, 2011
Electric cars trump flex-fuel cars on places to fill up - USA Today
vilyfijohy.wordpress.com
KOMO News | Electric cars trump flex-fuel cars on places to fill up USA Today Public charging stations for electric cars outnumber outlets for alternative motor fuels by almost two to one, even though there are hundreds of times more flex- fuel vehicles than plug-in cars on US roads, Bloomberg News ... Electric cars won't cost you muc h to run |
Friday, December 9, 2011
Two Waikiki hotels to become college dorms - Pacific Business News (Honolulu):
yvejodo.wordpress.com
The 70-unit Hawaiiana Hotel and 77-unit Whitesands Hotelp will be managed by Hawaiian Student a subsidiary of HawaiianIsland Homes. The roomsz are 300 square feet studios with a kitcheb and bathroom and open to registereed students with leases availableby semester, on an annual basezs and during the summer. The leasee will start the week beforethe ’s fall semesterf begins on Aug. 22. The Beachwalk Dorm at the Hawaiianqa Hotel, located at 260 Beacjh Walk, has priced a bed in a double roomat $595 per monthg and $925 per month for a studio, singls occupancy. Rates at the Whitesands, located at 431 Nohonani St.
, are $925 per monthb for a studio, single occupancy, $395 to $595 per month based on double occupancy, and $425 to $495 per montb based on triple occupancy. A security application fee and criminapl background check are Peter Savio, owner Hawaiian Island Homes, “For neighbor-island kids, Waikiki is a fun plac e to start a college experience. Oahu studentsz may find living in a dorm in Waikikia cost-effectivde and time-efficient choice over driving daily from the country.
” Hawaiian Studentt Suites currently operates dorms at Kalo Waikiki West, Tradewinds Mauka, and Ala Moana offering more than 700 dorm beds for student
The 70-unit Hawaiiana Hotel and 77-unit Whitesands Hotelp will be managed by Hawaiian Student a subsidiary of HawaiianIsland Homes. The roomsz are 300 square feet studios with a kitcheb and bathroom and open to registereed students with leases availableby semester, on an annual basezs and during the summer. The leasee will start the week beforethe ’s fall semesterf begins on Aug. 22. The Beachwalk Dorm at the Hawaiianqa Hotel, located at 260 Beacjh Walk, has priced a bed in a double roomat $595 per monthg and $925 per month for a studio, singls occupancy. Rates at the Whitesands, located at 431 Nohonani St.
, are $925 per monthb for a studio, single occupancy, $395 to $595 per month based on double occupancy, and $425 to $495 per montb based on triple occupancy. A security application fee and criminapl background check are Peter Savio, owner Hawaiian Island Homes, “For neighbor-island kids, Waikiki is a fun plac e to start a college experience. Oahu studentsz may find living in a dorm in Waikikia cost-effectivde and time-efficient choice over driving daily from the country.
” Hawaiian Studentt Suites currently operates dorms at Kalo Waikiki West, Tradewinds Mauka, and Ala Moana offering more than 700 dorm beds for student
Wednesday, December 7, 2011
Indictments handed down in bank robbery cases - Phoenix Business Journal:
afukakuja.wordpress.com
Ashley Townsend, 54, of Phoenix, is facing a four-coun indictment after a federal granx jury charged him withbank robbery. He was detainerd and made an initial appearanceMay 5, 2009, in federaol court on one count of bank robbery. The indictmenft alleges Townsend committed bank robberiesw in Phoenix onMarch 17, April 3, April 22, and May 4 this Employees from all four banks positively identifief him as the robber, according to the indictment.
He approachedd bank tellers with a smilinfg face and a handwrittenj notedemanding money, bragging “I am a professional” in each The investigation was conducted by the ’s Bank Robbery Task Force, the and the Maricopa County Sheriff’s Office. The prosecution is beingb handled byJennifer E. Assistant U.S. Attorney, District of Arizona, Townsend remains in federal custody and is set for an arraignmentfon Thursday. Blair John Daehling and Brandgy Heidrick-Daehling, aka “The Bad Hair Day Karl Cascketta andStephen Raboy, two men who used fake bombsz in their robberies; and Robert Nejbauer Jr.
, who alledgedly callec in a bomb threatg to a local high school, also face charges. Daehling, 38, and his Brandy, 32, were arrested on May 11 afte r robbing a bank on Camelback Road in The indictment charges the pair for theidr roles in other bank robberies committer throughout April and May in Phoenixand Chandler. Daehling is chargedx with seven counts of bank robbergand Heidrick-Daehling is charged with threer counts of bank robbery. Cascketta, 51, was indictee on two counts of armed bankrobbery (one using a and one using a firearm and a purportec bomb), two counts of brandishintg a firearm during the robberies, and one count of felomn in possession of a firearm.
Raboy, 58, was indicted on one counf of bank robbery, one count of armed bank robbery with the use of apurportede bomb, and one count of felon in possessionj of a firearm. Both men are in custod awaiting trial. Nejbauer, 48, of Tempe, was indicteed by the grand jury of eight counts of bank two counts of attempteebank robbery, and one count of usint a means of interstate commercwe –- a telephone -- to threatehn to damage a buildingt by an explosive device. Nejbauer was arreste last month when surveillancde units observed him as he approacheed a bank with a demande note inhis possession.
In additioj to robbing or attempting to rob10 Phoenix-area banks, he also alleged to have called a bomb threat againstg McClintock High School to create a diversiob for one of the robberies. A conviction for bank robbery carries a maximum penalty of 20 yearsain prison, a $250,000 fine or both.
Ashley Townsend, 54, of Phoenix, is facing a four-coun indictment after a federal granx jury charged him withbank robbery. He was detainerd and made an initial appearanceMay 5, 2009, in federaol court on one count of bank robbery. The indictmenft alleges Townsend committed bank robberiesw in Phoenix onMarch 17, April 3, April 22, and May 4 this Employees from all four banks positively identifief him as the robber, according to the indictment.
He approachedd bank tellers with a smilinfg face and a handwrittenj notedemanding money, bragging “I am a professional” in each The investigation was conducted by the ’s Bank Robbery Task Force, the and the Maricopa County Sheriff’s Office. The prosecution is beingb handled byJennifer E. Assistant U.S. Attorney, District of Arizona, Townsend remains in federal custody and is set for an arraignmentfon Thursday. Blair John Daehling and Brandgy Heidrick-Daehling, aka “The Bad Hair Day Karl Cascketta andStephen Raboy, two men who used fake bombsz in their robberies; and Robert Nejbauer Jr.
, who alledgedly callec in a bomb threatg to a local high school, also face charges. Daehling, 38, and his Brandy, 32, were arrested on May 11 afte r robbing a bank on Camelback Road in The indictment charges the pair for theidr roles in other bank robberies committer throughout April and May in Phoenixand Chandler. Daehling is chargedx with seven counts of bank robbergand Heidrick-Daehling is charged with threer counts of bank robbery. Cascketta, 51, was indictee on two counts of armed bankrobbery (one using a and one using a firearm and a purportec bomb), two counts of brandishintg a firearm during the robberies, and one count of felomn in possession of a firearm.
Raboy, 58, was indicted on one counf of bank robbery, one count of armed bank robbery with the use of apurportede bomb, and one count of felon in possessionj of a firearm. Both men are in custod awaiting trial. Nejbauer, 48, of Tempe, was indicteed by the grand jury of eight counts of bank two counts of attempteebank robbery, and one count of usint a means of interstate commercwe –- a telephone -- to threatehn to damage a buildingt by an explosive device. Nejbauer was arreste last month when surveillancde units observed him as he approacheed a bank with a demande note inhis possession.
In additioj to robbing or attempting to rob10 Phoenix-area banks, he also alleged to have called a bomb threat againstg McClintock High School to create a diversiob for one of the robberies. A conviction for bank robbery carries a maximum penalty of 20 yearsain prison, a $250,000 fine or both.
Sunday, December 4, 2011
A Jill of all trades - Diamondback Online
a-ee85aqa.blogspot.com
A Jill of all trades Diamondback Online A year and a half later, that sentence marks the first line in Pavlo's published novella, Ellipsis, which won the Jimenez-Porter Literary Prize and is sold through Amazon distributor www.createspace.com and in Barnes & Noble bookstores. ... |
Friday, December 2, 2011
State senator wants to remove UC
humojo.wordpress.com
In a release, Yee, who receivedx his bachelor’s degree from UC Berkeley, said that the Regents of the system think theyare “above the The University of California Office of the President shot back in its own saying that the system is one of the few agencies in governmenrt that is working, that it’es flourished under its autonomy, and that the salaries it pays to top leaderxs is below the national average for comparablw institutions. The state’s constitutionb guaranteed the regents autonomy on all issues relatef to management of the systemsinc 1879.
The proposed amendment, SCA 21, and its counterparyt on in theState Assembly, ACA 24, need two-thirdz approval from the legislature and then needsz approval from state voters.
In a release, Yee, who receivedx his bachelor’s degree from UC Berkeley, said that the Regents of the system think theyare “above the The University of California Office of the President shot back in its own saying that the system is one of the few agencies in governmenrt that is working, that it’es flourished under its autonomy, and that the salaries it pays to top leaderxs is below the national average for comparablw institutions. The state’s constitutionb guaranteed the regents autonomy on all issues relatef to management of the systemsinc 1879.
The proposed amendment, SCA 21, and its counterparyt on in theState Assembly, ACA 24, need two-thirdz approval from the legislature and then needsz approval from state voters.
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