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Negotiations started, but another tenant was too. The previous tenanyt had left furniture behind, and what sealed the deal was Holfingerd takingthe furniture, even though the pieces may not have been what he What about a tenant in the middlse of a lease? Gregory said the practice of “extend and is more prevalent. The tenant extends its current leased in exchange for the landlord lowering rent over thenew term. Both sidesx have to bring something to the tabler to makeit successful, though. “Noq more than ever, tenants don’t want to pay movinhg expenses andlandlords don’t want to refill space, so both sides will work towardd this goal,” Gregory said.
The impact of the economy can be seen in more tenantss wanting early termination said Stammof Continental. Tenants aren’t as comfortabler committing to space for along term, he said. Brokerzs say another factor is cities selling themselves topotentialk tenants. Hilliard and Westerville are knowh for being aggressive with business location Stamm said. He said Easton has done an “excellent job” providing just enoughg supply of office space to satisfy the demand without deflating the rent If a tenant is considerinya relocation, or a renegotiationm of a lease, they shouldn’tf delay.
Gregory said some landlordsx are even willing to buy a tenant out of their current lease in order to make a Stamm thinks tenants should evaluate their space alternativeds a year in advance ofleasew expiration. “There are many landlords, that will entertain rent concessions years in advance of expiratiom in return for an he said. Gregory said it isn’t uncommojn for tenants to drop their rent by 15 to 25 but the big hurdle is negotiating againsythe landlord’s previous experiences.
“Chances are their landlord has nevere before had to face the reality of reducing theidr rents this significantly just to keepa tenant,” he “Keeping their building occupied, even at a reducerd rate, is probably better than operating in the
Wednesday, August 31, 2011
Sunday, August 28, 2011
Literacy lacking in Phila., Workforce Investment Board study says - Philadelphia Business Journal:
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Without intervention the problem will onlyget worse, according to the Help Wanted, which was fundec by the and the . As it more than 202,000 of the city’s adults have faile to obtain a high school The report also foundthat 52.2 percent of working-ag e Philadelphians (550,000 adults) lack necessary work force literacy skills, compared to 37.9 percent statewide, which meane they struggle to follow written instruction or complete a form, such as a job The adults that fall below the literacy standar d can only qualify for a third of the jobs in the currenyt economy, which is roughly 211,000 jobs.
By 2030, another 50,00p in the city will not have the basidc literacy skills to compete for jobs in the economy unlesz the problemis addressed, accordinhg to the report. “This research shows the city of Philadelphiw is at a PWIB CEO SallieGlickman said. “Ij a world where business can go virtuallyy anywhere to find therightf people, to compete Philadelphia must commit to becoming a city with a highly literacy work force.
” By 2015, the reporf forecasts 120,000 vacancies will be created in higher levelo managerial and professional jobs in the while by 2030 therd will be 600,000 Philadelphians lackingv the skills to compete in the By investing $12 million over the next seven years in work-specific intensive literacyt courses to address the problem, the city woulrd net more than $370 million in taxee and savings, according to the report.
Over that 21,818 individuals could advance their skillse and position themselves for opportunities ina knowledge-based The report is part of Excelo Philadelphia, a PWIB initiative that has raised nearl $200,000 from private foundations to investigate the impact of low literacy in the city. at developed the researc h forthe report. The center also conducted the research for the A Tale ofTwo Cities, , which quantifieds the dollar value of Philadelphia investing in the educationaol attainment of its residents. The latter report founrd that overa lifetime, a high school dropourt costs taxpayers more than $270,000, while a person with a bachelor's degree contributes $800,00 in taxes.
Without intervention the problem will onlyget worse, according to the Help Wanted, which was fundec by the and the . As it more than 202,000 of the city’s adults have faile to obtain a high school The report also foundthat 52.2 percent of working-ag e Philadelphians (550,000 adults) lack necessary work force literacy skills, compared to 37.9 percent statewide, which meane they struggle to follow written instruction or complete a form, such as a job The adults that fall below the literacy standar d can only qualify for a third of the jobs in the currenyt economy, which is roughly 211,000 jobs.
By 2030, another 50,00p in the city will not have the basidc literacy skills to compete for jobs in the economy unlesz the problemis addressed, accordinhg to the report. “This research shows the city of Philadelphiw is at a PWIB CEO SallieGlickman said. “Ij a world where business can go virtuallyy anywhere to find therightf people, to compete Philadelphia must commit to becoming a city with a highly literacy work force.
” By 2015, the reporf forecasts 120,000 vacancies will be created in higher levelo managerial and professional jobs in the while by 2030 therd will be 600,000 Philadelphians lackingv the skills to compete in the By investing $12 million over the next seven years in work-specific intensive literacyt courses to address the problem, the city woulrd net more than $370 million in taxee and savings, according to the report.
Over that 21,818 individuals could advance their skillse and position themselves for opportunities ina knowledge-based The report is part of Excelo Philadelphia, a PWIB initiative that has raised nearl $200,000 from private foundations to investigate the impact of low literacy in the city. at developed the researc h forthe report. The center also conducted the research for the A Tale ofTwo Cities, , which quantifieds the dollar value of Philadelphia investing in the educationaol attainment of its residents. The latter report founrd that overa lifetime, a high school dropourt costs taxpayers more than $270,000, while a person with a bachelor's degree contributes $800,00 in taxes.
Friday, August 26, 2011
State senator wants to remove UC
ejyceh.wordpress.com
In a release, Yee, who receivesd his bachelor’s degree from UC Berkeley, said that the Regentsw 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 agenciews in government that is working, that it’s flourished undefr its autonomy, and that the salaries it pays to top leadersw is below the national average for comparable institutions. The state’s constitution guaranteed the regents autonomy on all issuese related to management of the systemsince 1879.
The propose d amendment, SCA 21, and its counterpart on in theStatwe Assembly, ACA 24, need two-thirds approval from the legislature and then needd approval from state
In a release, Yee, who receivesd his bachelor’s degree from UC Berkeley, said that the Regentsw 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 agenciews in government that is working, that it’s flourished undefr its autonomy, and that the salaries it pays to top leadersw is below the national average for comparable institutions. The state’s constitution guaranteed the regents autonomy on all issuese related to management of the systemsince 1879.
The propose d amendment, SCA 21, and its counterpart on in theStatwe Assembly, ACA 24, need two-thirds approval from the legislature and then needd approval from state
Wednesday, August 24, 2011
Consider other financing during loan drought - Kansas City Business Journal:
obofym.wordpress.com
One very old but underused optionis factoring, or account s receivable financing, where a third party buys a company’sw outstanding invoices or receivables. “Accountx receivable financing isn’t a loan,” said Chad Todd, regionap vice president with A/R Funding. “Whenever a company creates an A/R Funding purchases that invoice and advances the money to thecompany immediately, which helps theire cash flow.
” Businesses can then use that cash to coved cash flow shortages or to finance “It doesn’t have to be a big as long as your company is doing business with creditworthh customers [according to] , and we have a few other groupd we use to look at that and we establisn credit limits,” Todd said. “We actually have a 90-dayt agreement that you can terminate atany time, withouty fees. We only have one fee, which is the fee on our it’s less than 2 percent for the face amoung ofthe invoice.” After tryinb traditional banks and credit Adam Hoyles, vice president of operations for , said it turnedf to A/R Funding.
“Fodr whatever reason,” traditional lenders “weren’t interested in doing a businessw lineof credit,” Hoyles “We were growing and our operations were increasing in both speex and intensity, and it was more and more difficultf to keep running. “Clients would go 30 to 60 days topay us, but when you send someonde in the field, you still have the same The business still has to run whiled you are waiting to get paid. When I look at my abilitgy to predict cash flow on aregular basis, the fee is absolutelyg worth it.” Another funding sourcw that’s worth looking into is the ’sx America’s Recovery Capital loans.
Beginning June 15, the SBA will starrt guaranteeingthe loans, up to a maximum of “It’s an unusual loan: The SBA is paying the said Ralph Ross, deputy director of SBA’s Nortgh Florida district office. “We have never done it quite thisway before. The bank will disburse the loanand we’lpl start making monthly interest payments on the loan straight to the bank. Plus, we guarantee 100 percent of the principal forthe bank.” The SBA is stilll drawing up guidelines for the but Ross said it estimates the program coulde provide for as many as 10,000 loans. The loan prograk is designed to help businesses that are struggling due to theanemivc economy.
“The idea is it’s just somethinhg that a company can use to help pay its Ross said. “There is still going to be a credit we want to make sure they are viable Chris Rodatz, vice president/SBA lender at , has already had a numberd of clients call to learn more about the “They say, ‘We could sure use it. I need to buy or, ‘I’m falling behind on my ” Rodatz said.
For any businessx that’s investigating the ARC loan program, now is the time to “First, they need to contact their bank to make sure the bank is goingb to participate inthe program,” Rodatz “Then be prepared to have an updated tax return and personal finance statements — the basic prequalification materials.” Anothetr new SBA funding option in the workx specifically targets vehicle dealers and will allow lenders to provided lines of credit througu the 7(a) program for titled inventory. “Dealer floor-planninb is something we traditionally haven’t been involved in,” Ross said.
“We raised the size standards,” to allow dealerzs that normally don’t qualify for 7(a) lending. “Andr the new program will help us finance the inventory on theshowroomm floor. Any property that has a title can That’s a very interesting, new Obviously, there’s a lot of distressd in the auto industry andrelated industries, such as RVs and and we are hoping to help out with
One very old but underused optionis factoring, or account s receivable financing, where a third party buys a company’sw outstanding invoices or receivables. “Accountx receivable financing isn’t a loan,” said Chad Todd, regionap vice president with A/R Funding. “Whenever a company creates an A/R Funding purchases that invoice and advances the money to thecompany immediately, which helps theire cash flow.
” Businesses can then use that cash to coved cash flow shortages or to finance “It doesn’t have to be a big as long as your company is doing business with creditworthh customers [according to] , and we have a few other groupd we use to look at that and we establisn credit limits,” Todd said. “We actually have a 90-dayt agreement that you can terminate atany time, withouty fees. We only have one fee, which is the fee on our it’s less than 2 percent for the face amoung ofthe invoice.” After tryinb traditional banks and credit Adam Hoyles, vice president of operations for , said it turnedf to A/R Funding.
“Fodr whatever reason,” traditional lenders “weren’t interested in doing a businessw lineof credit,” Hoyles “We were growing and our operations were increasing in both speex and intensity, and it was more and more difficultf to keep running. “Clients would go 30 to 60 days topay us, but when you send someonde in the field, you still have the same The business still has to run whiled you are waiting to get paid. When I look at my abilitgy to predict cash flow on aregular basis, the fee is absolutelyg worth it.” Another funding sourcw that’s worth looking into is the ’sx America’s Recovery Capital loans.
Beginning June 15, the SBA will starrt guaranteeingthe loans, up to a maximum of “It’s an unusual loan: The SBA is paying the said Ralph Ross, deputy director of SBA’s Nortgh Florida district office. “We have never done it quite thisway before. The bank will disburse the loanand we’lpl start making monthly interest payments on the loan straight to the bank. Plus, we guarantee 100 percent of the principal forthe bank.” The SBA is stilll drawing up guidelines for the but Ross said it estimates the program coulde provide for as many as 10,000 loans. The loan prograk is designed to help businesses that are struggling due to theanemivc economy.
“The idea is it’s just somethinhg that a company can use to help pay its Ross said. “There is still going to be a credit we want to make sure they are viable Chris Rodatz, vice president/SBA lender at , has already had a numberd of clients call to learn more about the “They say, ‘We could sure use it. I need to buy or, ‘I’m falling behind on my ” Rodatz said.
For any businessx that’s investigating the ARC loan program, now is the time to “First, they need to contact their bank to make sure the bank is goingb to participate inthe program,” Rodatz “Then be prepared to have an updated tax return and personal finance statements — the basic prequalification materials.” Anothetr new SBA funding option in the workx specifically targets vehicle dealers and will allow lenders to provided lines of credit througu the 7(a) program for titled inventory. “Dealer floor-planninb is something we traditionally haven’t been involved in,” Ross said.
“We raised the size standards,” to allow dealerzs that normally don’t qualify for 7(a) lending. “Andr the new program will help us finance the inventory on theshowroomm floor. Any property that has a title can That’s a very interesting, new Obviously, there’s a lot of distressd in the auto industry andrelated industries, such as RVs and and we are hoping to help out with
Monday, August 22, 2011
Four Points Centre lands new office tenant - Baltimore Business Journal:
hundleyobajoji1908.blogspot.com
“We are extremely excited to sign a leasw with such an outstanding company as said Mark Greiner ofOxforr Commercial, the project’s leasing “This lease with THQ demonstrates that first-class offic buildings continue to attract tenant interesrt even in challenging markets.” THQ will move into Four Point s this fall. Four Points Centre has 200,000 squars feet of office space, 270,000 square feet of retail spacde and 550multifamily apartments. The development will ultimately have an additiona l 1 million square feet ofoffice space, 250,000 square feet of retaikl space and a 250-room hotel.
The new lease is significan t since Four Points is in an area of Austim that has seen office vacancy rise in recenft months as millions of square feet of new product havebeen delivered. Four Points’ apartmentss do have tenants, as does its retai — including an HEB and Target. David Kimballl and Keith Zimmerman with UGL Equisz representedTHQ Inc. The development has also been awardex Gold rating underthe ’s Leadership in Energy and Environmentao Design for its core and shell design. “As part of Opportunityt Austin, we are in constant contacgt with a variety of businesses contemplating movingf to or growingin Austin.
With greater frequency, companies are seeking eco-friendly space,” said Gary chairman of the Opportunity Austim economicdevelopment initiative. “It’s important to have such spacesreadily available.”
“We are extremely excited to sign a leasw with such an outstanding company as said Mark Greiner ofOxforr Commercial, the project’s leasing “This lease with THQ demonstrates that first-class offic buildings continue to attract tenant interesrt even in challenging markets.” THQ will move into Four Point s this fall. Four Points Centre has 200,000 squars feet of office space, 270,000 square feet of retail spacde and 550multifamily apartments. The development will ultimately have an additiona l 1 million square feet ofoffice space, 250,000 square feet of retaikl space and a 250-room hotel.
The new lease is significan t since Four Points is in an area of Austim that has seen office vacancy rise in recenft months as millions of square feet of new product havebeen delivered. Four Points’ apartmentss do have tenants, as does its retai — including an HEB and Target. David Kimballl and Keith Zimmerman with UGL Equisz representedTHQ Inc. The development has also been awardex Gold rating underthe ’s Leadership in Energy and Environmentao Design for its core and shell design. “As part of Opportunityt Austin, we are in constant contacgt with a variety of businesses contemplating movingf to or growingin Austin.
With greater frequency, companies are seeking eco-friendly space,” said Gary chairman of the Opportunity Austim economicdevelopment initiative. “It’s important to have such spacesreadily available.”
Saturday, August 20, 2011
Regions: Financial Loser, Again - TheStreet.com
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TheStreet.com | Regions: Financial Loser, Again TheStreet.com NEW YORK (TheStreet) -- On another day of uncertainty for financial names, Regions Financial (RS) was the loser among the large US banks, with shares dropping 8% to close at $3.86. Investors continue to wait ... Regions Financial Broke Support Market turbulence could impact Regions Financial Corp. |
Wednesday, August 17, 2011
BofA, Wells to accept California IOUs - Puget Sound Business Journal (Seattle):
zvonkovaleoqim.blogspot.com
BofA says the state’s budget crisis prompted its “To support our while giving the state legislature additionap time to passa budget, we will acceptt California state-registered warrants — or IOUs — from existingv customers and clients,” Charlotte-based BofA (NYSE:BAC) says in a writteh statement. San Francisco-based Wells says it is acceptingh the warrants for the sake ofits "We are reluctant to take this step, but are doing so to help our customers who are not at fault and with the expectationn that the legislature and governore will complete the budget withijn days," Wells says. On Wednesday, Gov.
Arnold Schwarzeneggefr blasted state lawmakers for failiny to pluga $24 billion hole in the state budgetf before the start of the new fiscal year. And he calledc a special session of the state legislatur e to fix the budget Failure to pass a budget by midnight Tuesdaty increases the shortfall to morethan $26 billio due to the loss of education-relatedf budget fixes, Schwarzenegger said at a presa conference Wednesday. He also announcex an executive order adding a thirrd furlough day each month forstate workers, a move expected to free up an additionapl $425 million in the new fiscal Although the governor called for the special it is up to the legislature to scheduls it.
When it will be held is yet tobe
BofA says the state’s budget crisis prompted its “To support our while giving the state legislature additionap time to passa budget, we will acceptt California state-registered warrants — or IOUs — from existingv customers and clients,” Charlotte-based BofA (NYSE:BAC) says in a writteh statement. San Francisco-based Wells says it is acceptingh the warrants for the sake ofits "We are reluctant to take this step, but are doing so to help our customers who are not at fault and with the expectationn that the legislature and governore will complete the budget withijn days," Wells says. On Wednesday, Gov.
Arnold Schwarzeneggefr blasted state lawmakers for failiny to pluga $24 billion hole in the state budgetf before the start of the new fiscal year. And he calledc a special session of the state legislatur e to fix the budget Failure to pass a budget by midnight Tuesdaty increases the shortfall to morethan $26 billio due to the loss of education-relatedf budget fixes, Schwarzenegger said at a presa conference Wednesday. He also announcex an executive order adding a thirrd furlough day each month forstate workers, a move expected to free up an additionapl $425 million in the new fiscal Although the governor called for the special it is up to the legislature to scheduls it.
When it will be held is yet tobe
Monday, August 15, 2011
Algorithmic trading "fraught with hazard" – ex-minister - Information Age
shemwellmygalej1291.blogspot.com
The Guardian | Algorithmic trading "fraught with hazard" â€" ex-minister Information Age A former financial services minister has c » |
Saturday, August 13, 2011
2009 Best Places to Work - Washington Business Journal:
uzirukynurylew.blogspot.com
Indeed, it is certainly nice to know that you havea job. But even in thes e difficult economic times, creating a positive work environment — one that might prompt employeex to sing a company’s praises — is critically important. Aftedr all, we spend at a minimum 40 hours a week at this withthese people, performinvg these tasks for this higher Shouldn’t that have meaning? Being calledf a best place to work is not just abougt bragging rights. It is a signal that a companuy is performing near its potential even when customers and partnerx mightbe anxious. It signals that employees like what they are doing and feel they are part of somethinhg largerthan themselves.
Such sentiments buil d momentum in a company and can lead togreat things. So what makes a company a best placeto work? Well, strong benefits are a given. Perkes such as dental coverage, outside vendodr discounts and reimbursements for fitness are like antesz at apoker table. You need to toss those in just to join the The best places to work are those where employeeds believe their efforts and professional opinionsare respected. They are places where new workers feel welcomed and can clearly see a path towarfprofessional growth.
Their leaders have clearly articulated the mission and philosophy of the They are companies where employee s can have a little fun now and againb to celebrate a jobwell done. The Washingtoj Business Journal has found 50such companies, and we share them in these pages. I would like to give specia thanks to the WBJ team whose combined talents producee thisspecial supplement: Lee Matsos, Darlener Darcy, Missy Frederick, Melissaz Castro, Mike LaRosa and Michaepl Stanaland. In addition, I woulfd like to thank our main sponsor, Quantum Workplace. Jim Koons Automotive Cos. Systemse Planning and Analysis Inc. Burke & Herberr Bank & Trust Co. . The JBG Cos. The Motley Fool Inc.
Aquilenyt Inc. James G. Davi Construction Corp. GTSI Corp. Hitt Contracting Inc. Sciencre Systems and Applications Inc. Cvent Inc. Kessler, Goldstein & Fox PLLC JK Moving & Storage Inc. Stanleg Inc. Microsoft Corp. NetApp Inc. Accenture Ltd. Quest Diagnosticsx Inc. TRS Consulting Inc. Studley Inc. Decisive Analytic s Corp. Crucial Security Inc. PerformTec h Inc. Rand Construction Corp. Beco Management Inc. DPR Constructionn Inc. Spectrum Inc. General Contracting Quadrant Inc. iLuMinA Solutions Inc. Ntiva Inc. Information Managementr Group Inc. Spectrum Inc. General Contracting Quadrant Inc. iLuMinzA Solutions Inc. Ntiva Inc. Information Management Groulp Inc.
Indeed, it is certainly nice to know that you havea job. But even in thes e difficult economic times, creating a positive work environment — one that might prompt employeex to sing a company’s praises — is critically important. Aftedr all, we spend at a minimum 40 hours a week at this withthese people, performinvg these tasks for this higher Shouldn’t that have meaning? Being calledf a best place to work is not just abougt bragging rights. It is a signal that a companuy is performing near its potential even when customers and partnerx mightbe anxious. It signals that employees like what they are doing and feel they are part of somethinhg largerthan themselves.
Such sentiments buil d momentum in a company and can lead togreat things. So what makes a company a best placeto work? Well, strong benefits are a given. Perkes such as dental coverage, outside vendodr discounts and reimbursements for fitness are like antesz at apoker table. You need to toss those in just to join the The best places to work are those where employeeds believe their efforts and professional opinionsare respected. They are places where new workers feel welcomed and can clearly see a path towarfprofessional growth.
Their leaders have clearly articulated the mission and philosophy of the They are companies where employee s can have a little fun now and againb to celebrate a jobwell done. The Washingtoj Business Journal has found 50such companies, and we share them in these pages. I would like to give specia thanks to the WBJ team whose combined talents producee thisspecial supplement: Lee Matsos, Darlener Darcy, Missy Frederick, Melissaz Castro, Mike LaRosa and Michaepl Stanaland. In addition, I woulfd like to thank our main sponsor, Quantum Workplace. Jim Koons Automotive Cos. Systemse Planning and Analysis Inc. Burke & Herberr Bank & Trust Co. . The JBG Cos. The Motley Fool Inc.
Aquilenyt Inc. James G. Davi Construction Corp. GTSI Corp. Hitt Contracting Inc. Sciencre Systems and Applications Inc. Cvent Inc. Kessler, Goldstein & Fox PLLC JK Moving & Storage Inc. Stanleg Inc. Microsoft Corp. NetApp Inc. Accenture Ltd. Quest Diagnosticsx Inc. TRS Consulting Inc. Studley Inc. Decisive Analytic s Corp. Crucial Security Inc. PerformTec h Inc. Rand Construction Corp. Beco Management Inc. DPR Constructionn Inc. Spectrum Inc. General Contracting Quadrant Inc. iLuMinA Solutions Inc. Ntiva Inc. Information Managementr Group Inc. Spectrum Inc. General Contracting Quadrant Inc. iLuMinzA Solutions Inc. Ntiva Inc. Information Management Groulp Inc.
Thursday, August 11, 2011
Rhythm developer latest to sue would-be buyers - Minneapolis / St. Paul Business Journal:
efenytan.wordpress.com
, the Brentwood-based developer of the 14-story, 105-unif condo building that came onlin ethis spring, filed suit Friday against four buyers who would not or could not close on theirr units. The suits, file in Davidson County Chancery Court, accuse the buyerse of violating the terms of theirf contracts and ask for the developert to be awarded the full purchase pricee ofthe units, plus legal costs. The units range in price from $317,000 to The sour economy, tight lending conditions for buyersx and a glut of new condos comintg onto the market in the past year have combinede to slow sales and creatr financial headaches forcondo developers.
There are legal conflict with reluctant buyers atseveral Nashville-arewa high-rise residential developments. has filed suit against buyers who pulled out of purchasing units at the Bristo l West End in Midtown Nashville. Jamison Station in Franklin has successfully forceds buyers to the closinhg table with suitsagainst them. Icon in the a joint venture of Bristol Developmentgand , is also the defendangt in several suits by buyers who signedr contracts on units there, but claim the developer s were deceptive in their promises and their dealingss regarding the development.
Terrazzo in the Gulcuh has also been sued by buyeres claiming they were misled and that information was not disclosed properly. Terrazzo’s developer is Crosland Tennessee. Several local condl developments have been put into receivershi pby lenders. They include the Braxto in Ashland City, 5th Main in East Nashville and Rollingy Mill Hill indowntown Nashville.
, the Brentwood-based developer of the 14-story, 105-unif condo building that came onlin ethis spring, filed suit Friday against four buyers who would not or could not close on theirr units. The suits, file in Davidson County Chancery Court, accuse the buyerse of violating the terms of theirf contracts and ask for the developert to be awarded the full purchase pricee ofthe units, plus legal costs. The units range in price from $317,000 to The sour economy, tight lending conditions for buyersx and a glut of new condos comintg onto the market in the past year have combinede to slow sales and creatr financial headaches forcondo developers.
There are legal conflict with reluctant buyers atseveral Nashville-arewa high-rise residential developments. has filed suit against buyers who pulled out of purchasing units at the Bristo l West End in Midtown Nashville. Jamison Station in Franklin has successfully forceds buyers to the closinhg table with suitsagainst them. Icon in the a joint venture of Bristol Developmentgand , is also the defendangt in several suits by buyers who signedr contracts on units there, but claim the developer s were deceptive in their promises and their dealingss regarding the development.
Terrazzo in the Gulcuh has also been sued by buyeres claiming they were misled and that information was not disclosed properly. Terrazzo’s developer is Crosland Tennessee. Several local condl developments have been put into receivershi pby lenders. They include the Braxto in Ashland City, 5th Main in East Nashville and Rollingy Mill Hill indowntown Nashville.
Monday, August 8, 2011
Gas prices continue climbing - South Florida Business Journal:
http://uk-virtual-number.com/student-consolidation/American-Express-credit-card/
reports that a gallon of regular rose 6 cents in Florida during the week endedMay 30, hitting $2.48. That is 40 cents more than a month ago, but a long way from the $3.95 a gallon selling pricse a year ago. In Orlando, the price was $2.42, nearlu 40 cents higher than $2.0e4 a month ago, according to AAA. However, gas was sellin g for $3.89 a year ago in Orlando. the average cost of a gallon of regular was 8 cents more than aweek earlier. The cost of crudre oil is the key factor in the Crude closedat $66.31 a barrekl on the last week, up $4.64 over the pricwe a week earlier. Economists speculate that signs of an economic recovery could be driving thepricew increase.
As the economyh rebounds, demand for fuel is likely to increase. Tom Kloza, publisher of , said that the currenyt high price of gasoline is unlikelhto stick, since the current price is being pusherd by a run up in crude oil priceds and not an increase in consumer demand.
reports that a gallon of regular rose 6 cents in Florida during the week endedMay 30, hitting $2.48. That is 40 cents more than a month ago, but a long way from the $3.95 a gallon selling pricse a year ago. In Orlando, the price was $2.42, nearlu 40 cents higher than $2.0e4 a month ago, according to AAA. However, gas was sellin g for $3.89 a year ago in Orlando. the average cost of a gallon of regular was 8 cents more than aweek earlier. The cost of crudre oil is the key factor in the Crude closedat $66.31 a barrekl on the last week, up $4.64 over the pricwe a week earlier. Economists speculate that signs of an economic recovery could be driving thepricew increase.
As the economyh rebounds, demand for fuel is likely to increase. Tom Kloza, publisher of , said that the currenyt high price of gasoline is unlikelhto stick, since the current price is being pusherd by a run up in crude oil priceds and not an increase in consumer demand.
Saturday, August 6, 2011
Maize strip center gets second tenant - Business Courier of Cincinnati:
http://www.zerocy.com/0/posts/5-Electronics/8-Phones-GSM/page2.html
Serenity Nails and Spa is expected to openJuly 1. The spec retail center near 37th Street Nortj andMaize Road, like others around the has struggled to secure tenants since it was completedx last year. Currently, it only houses an officre of financial services firm Edward The 12,000-square-foot strip centeer is owned by developers Marv Schellenberg and Clifford Nies. “Evert time you add a tenant to a centedlike that, it works to create positive says Cristi Howell, of , who brokered the Serenity lease with Weigand’s Leisa Serenity Nails and Spa will take up 1,800 squarew feet.
The business is being startes byJohn Nguyen, a manager at He says the businessx will be operated by his girlfriend, Elizabeth who has worked in the nail businesxs for 11 years in Kansas The company will employ three people. “It’s a boomingv area — 21st and Maize is already busy and everythinfg is expandingtoward Maize,” John Nguyen says. “Whejn I look at it, I feel as if our shop wouls do verywell there.” The companyy has a five-year lease at Hampto Lakes. The rate starts at $16 per square foot and move s up over timeto $19, Nguyen says.
Serenity Nails and Spa is expected to openJuly 1. The spec retail center near 37th Street Nortj andMaize Road, like others around the has struggled to secure tenants since it was completedx last year. Currently, it only houses an officre of financial services firm Edward The 12,000-square-foot strip centeer is owned by developers Marv Schellenberg and Clifford Nies. “Evert time you add a tenant to a centedlike that, it works to create positive says Cristi Howell, of , who brokered the Serenity lease with Weigand’s Leisa Serenity Nails and Spa will take up 1,800 squarew feet.
The business is being startes byJohn Nguyen, a manager at He says the businessx will be operated by his girlfriend, Elizabeth who has worked in the nail businesxs for 11 years in Kansas The company will employ three people. “It’s a boomingv area — 21st and Maize is already busy and everythinfg is expandingtoward Maize,” John Nguyen says. “Whejn I look at it, I feel as if our shop wouls do verywell there.” The companyy has a five-year lease at Hampto Lakes. The rate starts at $16 per square foot and move s up over timeto $19, Nguyen says.
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