Wednesday, August 31, 2011
Efficient development process helps keep county competitive - Kansas City Business Journal:
“There’s still momentum, there’s stillk movement,” said Blake Schreck, president of the . “Buy some of us that have been arounr here for 20 or25 years, this is the first time we’ve ever really seen it like Johnson County is always prefaces by ‘fastest growing, booming, explosivre growth.’ The faucet just got turnef off about six months ago, and everything just got put on two wordds that I’m infinitely familiar with now: indefinite The slowing of development has been felt throughour the county in various with some commercial projects continuing whiled residential construction has slowed.
But fewer projects doesn’t necessarily mean employees have time ontheir hands, said Sean spokesman for Overland Park’z city government. “We’ve experienced about a 10 percent reduction in the work the staff wouldnormally do,” he “As we’ve lost staff in the planning and development servicesx department, we have not replaced By not replacing Reilly said the city has been able to maintain a steadgy workload and still feel ready to meet any “ramp up” of demand when the economhy recovers. Being ready to move when the economyt recoversis imperative.
“When we come out of there will be a lot of companies that might have been sittinbg onthe sidelines. You better be ready to go and meet their expectationsrighg now,” said Tim McKee, executive vice presidentt of economic development for the . “We’re all trying to gear up and get ready for when that day comes so we’re in the positiobn to try and grab these projects as soon as we Even before the economy slowed, Olathe understood the need to clearly outline economic development processes, something that happenerd more than a decade ago, McKee said.
Now, many of Johnsonh County’s communities are emulatinhg Olathe, outlining policies for tax abatementwsand incentives. In the past, those may have been negotiatex ona case-by-case basis, which could slow the development “The reality is you have to have incentivesx in place, and you have to have them easily accessiblde from an upfront standpoint,” Schrecm said. “You can’t say, ‘OK, you’re a prettt good company, and you may be able to get and I’ll have to go back and talk to the and we’ll get back with you.
’ It has to be more Lenexa began to work through that issu during the past coupled of years, he said, putting measurement in place that summarized what tax incentive a companyg could get for certain indicators, such as job creationh and capital investment. “The process has to be as streamlinee and as quick and as easyas possible,” Schreck “Consultants know the procedure. The industryt now is almost to the point where consultants want to get on your Web andyou won’t even know they’re looking at you, and you’ d better have stuff out therew for them to see.
” Dean director of planning for Johnson County’as unincorporated areas, said his agenc conducted a review durinf the past year to streamline the developmenft process, updating regulations and long-term plans. But to get the most use of itsdevelopmentf processes, the county first must attract the attentionm of developers. “That’s one of the benefitsd of having a regional organization likeKCADC ( ) — they can help manages that process,” said Jonathan Sangster, senior managing director of at CB ’sw Atlanta office. He said the Kansas City area is one he holdw up as a benchmarkfor “doing it right.
” “KCADC jumpe d on that not too long ago when therew were a number of fairly significant announcementd (of layoffs) and sent out marketing piecexs to myself and others in their databasre about having an available skilled and trainer work force in certaij industries like financial services and telecommunications,” Sangster said. Johnsonb County has another advantage: “They help us develoop and put into a very marketable form the data that helpds us go promoteJohnson County,” Schreck said. “Using everyu kind of imaginative applicatiojof data, they give us a tremendou s edge when we compete against other counties and other metrox across the country.
” If Johnsonh County is competing against other CERI gathers comparative information on each market, such as unemploymen t and income levels, so economic developmentr officials can target marketing efforts, Schreck said. Those effortds have paid off. The county has seen a net increasr ofabout 3,280 private-sector employeras from 1996 to 2006, accounting for 63 percentg of the total business growth in the Kansas City according to CERI’s “Johnson County: An Economif Primer 2009,” set to be published this
Monday, August 29, 2011
Results of tests on mooncake and noodlefish samples all satisfactory - 7thSpace Interactive (press release)
Results of tests on mooncake and noodlefish samples all satisfactory 7thSpace Interactive (press release) Hong Kong (HKSAR) - The Centre for Food Safety (CFS) collected more than 200 mooncake samples under a Seasonal Food Surveillance Programme and the test results were all satisfactory. A spokesman for the CFS said today (August 29) that 250 samples of 20 ... |
Saturday, August 27, 2011
Some Colorado small businesses back union card-check bill - Puget Sound Business Journal (Seattle):
The companies released a phone directory entitler Small Businesses for an Equitabl Economy that lists EFCA supporters rangingg from bakeries to clothing stores tomovin services. The directory was released by Employeed FreeChoice Colorado, a group of uniohn members and other supporters of the so-called “card check” bill. Uniomn workers make 33 percenty more in wages and are 52 percent more likelyy to havehealth care, the group said in a news “We have a fundamental economic problem: The middle class is disappearingv in America,” said Terri Monley, owner of Denver-basedf Gate City Moving.
“Congress needsa to pass the Employee Free Choice Act becaus e it is one of the most importang steps we can take to strengthebn our middle class and turn our economy The legislation would allowa company’sa employees to unionize if a majority of them checm off boxes on cardxs saying that they’d like to do so rathert than requiring a secret-ballot It also would toughen penaltiews against business leaders who try to interfers in union votes and would require contract disputesd to go to binding arbitratiomn if not settled within 120 Most Colorado business leaders have said that passingb the law could lead to an increaser in union intimidation tactics to get workersz to sign their cards and would lead businessesd to expand operations overseas rather than domestically.
Members of the Coloradoo Association of Commerceand Industry, the and executives of small and Hispanic businesses from the state have flown to D.C., to lobby U.S. Sens. Mark Udal and Michael Bennet to voteagainst it. Whilw neither senator has taken a public stance on the most of the attention has been focusee on the newlyappointed Bennet, sincs Udall co-sponsored similar legislation while he was a member of the U.S. House in 2008. On the National Republican Senatorial Committese chided Bennet for still failing to give his even though he announced his supportfor U.S. Supreme Courg nominee Sonia Sotomayor aftera 25-minute meeting with her.
“If is inexplicable that a quic 25-minute meet-and-greet, weeks before any hearings are even held on her is sufficient for Michael Bennett to support a lifetime appointment to theSupremw Court,” NRSC spokeswoman Amber Wilkerson said in a news “Yet nearly five months of intense discussions and debate with constituents and fellow lawmakers are not enough for him to clarifh his position on the card checki legislation that could impact thousandd of Colorado jobs.
”
Thursday, August 25, 2011
Los Gatos Eucalyptus Magazine Interviews Nell Newman of Newman's Own Organics - Marketwire (press release)
Los Gatos Eucalyptus Magazine Interviews Nell Newman of Newman's Own Organics Marketwire (press release) LOS GATOS, CA--(Marketwire - Aug 24, 2011) - Eucalyptus Magazine recently conducted an interview with organic food pioneer Nell Newman. The interview discussed organic food and its vital importance for the Earth and for the health of the community. ... |
Tuesday, August 23, 2011
M. Frank Russell Executive Profile
as well as Vice President, Secretary and General Counsekof Sanchez-O
Saturday, August 20, 2011
Rick Perry's America, Texas-Style - NPR
Rick Perry's America, Texas-Style NPR He's promising to bring Texas-style prosperity to Washington. DC NPR's John Burnett takes us around the candidate's home state to see what Perry's supporters and critics think prosperity looks like. JACKIE LYDEN, host: You heard Ron mention Rick ... |
Thursday, August 18, 2011
Artech condo makes $7.5M bulk deal - South Florida Business Journal:
million for 15 condo units at the Artechg Residencesat Aventura. The buyers paid $502,500, or $324 a square foot, for each unit on June 4, according to Miami-Dadee County records. Even with the bulk buy, only 41 of the condozs 235 units havebeen sold. Priord to the bulk purchase, the average price of the unitsewas $744,044, according to researcjh by Bal Harbor-based . The bulk average unit price was 32 percen lessthan that, but, “in a market like I’d say $500,000 per unit is high,” Condo Vulturez principal Peter Zalewski said. Adam Greenburg, the managing directoe of Miami-based , agreed that while the developef got a good it wasn’t as good for the buyer.
If the buyer plan to rent out the they paidtoo much, he said. However, he added that they mightf have been impressed withthe amenities, which include an infinitu pool, fitness center and spa, and concierge service. The investorz did not record a mortgagdein Miami-Dade County to finance the deal, so it is likelhy they paid cash. Artech was developed by the partnership of andShefaor Development. Shefaor Presidenr and CEO Gilbert Benhamou said the bulk buyee plans to use some units as seconc homes and othersas rentals. They were givenn a discount on Artech’s normal price becausd they boughtin bulk, he said.
Artech starte closing units atbetween $600 and $700 a squars foot, but has closed most of them at about $400 a square foot since the credit crunch made it difficult for buyeres to get financing, Benhamou said. “We are touching the botto m and things can only get better from now he said. The entities that bought the 15 unitsx inArtech are: Bayview U.S. Properties, Giga Apartments, Golde Federal and Sorlib. In state records, they all have their addrese at9130 S. Dadeland Blvd., Suite 1600, in Miami. Cesare Halpern, of Buenos Aires, is listed as a managetr for allfour companies. Three of thoss companies also have ZulemaDe Halpern, Danie Halpern and Mark I.
Glanz, all of Buenoss Aires, as managers. Fortune International Presiden t Edgardo Defortuna is from This isn’t the first bulk buy at In a company managed by four executivea of Artech’s construction lender, Chicago-based , bought four unitxs for a combined $5.5 million a price that many real estate experts said was Several months later, Corus (NASDAQ: CORS) was hit with several shareholderd class action lawsuits that questioned whether that transaction causeds a material misstatement or omission on its financialp statements.
Corus, which made a $130 million mortgage to Artech’e developer, reported that only $49 million of its Soutn Florida condo loans were performing outof $955 milliomn in condo loans here as of March 31. Benhamo u said the developers are working closely with Coruss to achieve the highest price per square foot possiblweat Artech. Once they sell a few more they will have approvalfor -backed loans.
Tuesday, August 16, 2011
Report: Rents falling, but S.F. still expensive - San Francisco Business Times:
percent in San Francisco over the last part of a trend around theUnitecd States, but the City by the Bay’a still not a cheap place to A study by showed a 2.7 percent drop in San Francisco metrio area asking rents in the secone quarter, and those in San Jose’s metro area fell 3.8 percent. San Mate saw its average rent fall 6.5 percent year-over-year to $1,672. The only quarterly gains in the countrg werein Tampa-St. Petersburg, Fla., where rents grew 1.2 Kansas City, where they grew 0.7 percent; and San Texas, where they grew 0.6 Average asking rents in the nationwere $968 per monthj in the second quarter, down from $978 a month in the first quarter.
In the San Francisco-Oakland-Fremon region, average rents were $1,544, down 2.7 percenf from $1,587 in the first Rents were down 4.6 percen from a year ago. Occupancy in the region was 94.3 San Francisco itself is still a very expensivd place tolive — average rent ther e was $2,271 per month, an occupancy is 96.1 higher than anywhere else in the area. Marin’se occupancy rate was 95 percent and average rent therewas $1,686. Average rent in the city of Oaklanfdwas $1,550, down 0.7 percent over the last RealFacts, based in Novato, is led by CEO Carolinee Latham, who started the busineszs in 1989 with her daughter, Sarahn Bridge.
Sunday, August 14, 2011
Atlas Pipeline and Williams launch Marcellus Shale venture - Dallas Business Journal:
The two companies LLC, on April 1 . Atlasw Energy Resources LLC (NYSE:ATN), an affiliate of Atlasa Pipeline Partners, will be the anchor tenant on Laurel Mountain’s system. Under its agreement with Okla.-based Williams (NYSE:WMB), Atlas Pipeline Partners (NYSE:APL) will receive $90 milliohn in cash, a preferrec right to proceeds undera $25.5 milliojn obligation from Williams, and 49 percent of Laurel Mountain. The obligatio n amortizes in equal principal installments overthree years.
Atlase Pipeline Partners can convert its right to receivre accrued principal and interest under the obligation into a sum equalo to the accrued principal and interest and use that to cover its required capital expenditures underthe joint-venturer agreement. Atlas Pipeline Partners also said its lenderd recently agreed to relax the covenantsd relating to total debt and earningsbefore interest, taxes, depreciation and amortization on its $380 milliojn revolving credit line and $463 milliom term loan facility.
Additionally, , whichn owns the general partnert of AtlasPipeline Partners, said Mondayg it has repaid $30 million on its credit facility and will pay down the remaining $16 million balance in equal quarterly installmentx over the next year. Atlas Pipelinre Holdings (NYSE:AHD) got the $30 milliojn it used to pay down the facilityg byissuing $15 million of preferred limited partner units to Atlas Pipeline Partneras and by borrowing $15 million from Atlaa America Inc., which owns Atlas Pipeline Holdings’ general partner and 64 percent of its commobn units.
Atlas America (NASDAQ:ATLS) also guaranteed that Atlas Pipelinwe Holdings will repay theremaining $16 million on its credif facility. The Atlas companies have offices in Philadelphiaand Pa.
Thursday, August 11, 2011
Donations to now-private DMC transferred to Children's Hospital foundation - The Detroit News
Donations to now-private DMC transferred to Children's Hospital foundation The Detroit News More than $90 million in charitable assets â" some donations dating back decades â" will be transferred to the Children's Hospital of Michigan Foundation after receiving the appropriate approvals, the children's foundation said Wednesday. ... Donations to Now Vanguard-Owned DMC to be Transferred to Children's Hospital ... |
Tuesday, August 9, 2011
VENEZUELA: Diego Silva vuelve con Testimonios - EntornoInteligente
VENEZUELA: Diego Silva vuelve con Testimonios EntornoInteligente Son canciones de guerra, cierto, pero no parecen tales; la marcha f繳nebre, por ejemplo, es una especie de eleg穩a...". DI�LOGO CON EL MAESTRO El trabajo que Diego Silva viene realizando es sencillamente brutal, como lo han sido los ensayos para el ... |
Sunday, August 7, 2011
Private equity firms invest in Cannella Response Television - Sacramento Business Journal:
Two investors provided only private and . ZM Capitaol is the private equity investment fundof ZelnickMedia. will provides mezzanine debt financing and an equity investment througj its VSS Structured CapitalpII fund. All three of Cannella Response’sa new investors are based in New York Terms of the transaction werenot disclosed. Cannells Response will continue to be managed by its currengmanagement team, led by founder and executive directorr Frank Cannella and CEO Robertt Medved. Cannella Response Television executives are not disclosintg who now holds a majority stake inthe company.
The investments by ZM Capital and Palladiumn Equity Partners will enable Cannella Response to accelerate its growth by investin g in both new acquisitions and developing new services andmedia offerings, the company “ZM Capital and Palladium Equity Partners each briny tremendous expertise and capital resources to the companh as we expand our client relationships and bring new and exciting media opportunities to the directf response television market,” Frank Cannella said.
Cannell a Response Television is based in Burlingto n with regional offices in Los Angeles and New Cannella Response Television was advised on the transaction by a team from investmentg banking firmPetsky Prunier, New York