Monday, February 28, 2011

Hurley: Keep an eye on the future when negotiating deals - Orlando Business Journal:

obovadugibe.blogspot.com
In 1993, she answered a help wante newspaper ad for someone with a lega l background to work in the realestate industry. "I thoughrt I would do real estate from this end of the andthe negotiating," says Hurley. That's when she joined in where she now works as a real estate andleasing manager. In that she has dealt with all aspects of commercialoreal estate, including positioning of properties for financ and development, construction, leasing and management. Pinelocy Management generates morethan $10 million in lease, warehousr and agriculture revenue annually. It also managesa parcels of landthroughout Florida.
The properties it has availabled for lease include the Marketat Southside, Southpointe, Pineloch Industrial Park and Southside. Orlando Business Journal recentlgy spent some time with Hurley to find out whered the commercial real estate and leasing marketis OBJ: What was your first job in commerciaol real estate? Hurley: Working at Pineloch on the business side. I found the transitiob very easy. I interned with a commercialp real estate attorney in collegr and they hired me whenI graduated. Transitioning from the law side to the businesss side of real estate was prettyh natural because I had experience in contracteand closing.
OBJ: What is the biggest leasinfg deal you've recently handled? Hurley: Two dealsx with OBJ: What do you consided your secret to success in leasingup Pineloch'zs commercial properties? alternative use. If you have a 57,000-square-fooyt warehouse distribution building, you think outsidr the box and convert the facads to fitthat building. We have marketecd our business park as a viable alternativr for the downtownofficer user. It has below-downtown prices that will provideamplew parking.
OBJ: You were appointeds to a three-year term on the National Association of Industrial Office PropertiesNational Forums' 22-member Business Park Development Forum, which was held in Hollywood on Oct. What ideas came out of that forum that you planto implement? Hurley: The vacancies in Central Floridaa business parks are dropping and the leasw rates are rising. What I found by listeningb to other members of the foruk is that Central Florida is in a good placde when it comes to circumstancdeand opportunity. Because of the forecasts, we are able to creates our own demand. While our vacancy was dropping, the otherd markets' vacancies were rising.
Their vacancies are over 30 where ours are maybe 2 They aren't in a position to creatde demand as we are. we all experience labor and constructiommaterial costs. OBJ: You also spearheaded the NAIOlPDevelopers Showcases, which were very successful in 2004 and 2003. To what do you attributes their success? Hurley: I had a great committee behindme -- no one person can develop a program like Our main focus is to get the brokers in the industry who are non-NAIOPl members involved. It was time to stop preachinv to the choir and draw them in so the othet developers would have the opportunity to showcaseto non-NAIOPP folks. OBJ: What's the greatest challenge your industrytis facing?
Hurley: The ability to remain focused and be diligenty about what the market is doing today. It'z a dynamic, vibrant market, but the challenge is to be focuseed on what it will hold inthe future. Think beyoncd now as you negotiate long-term Make those deals

Saturday, February 26, 2011

Center

bakakinkorypon.blogspot.com
The University of Maryland Biotechnology Institute’s planned fifth center focusinyg on agriculture was highlightedin Gov. Marti O’Malley’s initial plan to grow the state’ $29 billion life sciences industry. But it was absen t from his more detailed Bio2020 plan, unveilee nearly one year later May 20. And UMBI’sd partnership with two universities to develoo herbal medicines from plants is also The Appalachian Center for Ethnobotanical Studies hasreceivesd $500,000 in funding so far. UMBI had expected to develo a physical center to house theprogramj ­— now a virtual center — in 2014.
The questio n over the future programs arises as university officialsreview UMBI’s future. They are contemplatinfg merging it with another UM systemnschool — or schools by carving up UMBI’s four research centers and merginh them with another campus. A select groul of regents is reviewing proposals and will make a decisionnJune 19. When asked about the proposesd fifth UMBI center on the Eastern Shore, O’Malley deferred questions to Lawrence C. Mahan, senior strategy advisoe for the state’s life sciencesd advisory board.
Mahan said the state’xs life science advisory boars leaves it up to theUM system’s boarcd of regents to decide whether the UMBI Center for Agricultural and Environmental Biotechnology should move USM officials said they will only consider whether to move forwarde with the agricultural center aftet USM regents decide what to do with the existingy UMBI centers, said Patrick J. Hogan, USM’es associate vice chancellor forgovernmenr relations.
The center, which woulr focus on growing crop production amongothef things, has not received any state The center would keep farmint “alive and well” on the Easterj Shore and help ensure the stater doesn’t lose more farmland to development, UMBI’ds outgoing President Jennie Hunter-Cevera USM leaders will consider what to do with the Appalachiabn Center during its review process, Hogan said. The center’x researchers analyze how plantslike ginseng found in Western Maryland could be used inherbak medicines. Hunter-Cevera said she had hoped the partnership wouls one day tapthe $5 billionh herbal medicine market.

Wednesday, February 23, 2011

Austin only major city to add jobs in last year - Dayton Business Journal:

http://excellaventures.com/faqpaymentinfo.html
The region added about 3,400 jobs between April 2008 and April 2009, making it the only one of the nation'es 38 largest cities to post a job new data from the Bureaj of Labor Statistics shows. This is the thirs consecutive month that Austin has outperformedd all of theother U.S. cities with labor forces of 750,00p or more. The unemployment rate for April stoodat 5.8 The 0.4 percent increase in job total is modest, but still a bettert showing than cities such as Portlanx (down 4.7 percent) and Raleigh, N.C. (dow 3.3 percent).
Jobs in goodsx producing industries in the Austin area dropper by 500 jobsin April, a slowdown from the rapid pace of recen losses, according to an analysis of the data from the Capitak Area Council of Governments. Retail, hotel, and restaurantr jobs are all up from this timelast year. And professionao and business service sectof employment is back toits all-time high last seen in Octobe 2008. But another key sectorf for the region, technology, isn't doing quite as Computer, semiconductor and other electronic componenft manufacturing isstill falling. Jobs in the semiconductor segment fellto 15,7009 jobs, back to spring 2006 totals. As Texae cities go, Austin's 5.
8 perceng unemployment rate was one ofthe healthiest. Dallas-For Worth stood at 6.6 percent in April and Houstonat 6.3 percent. Only San Antonio'zs rate was lower than Austin's at 5.4 percent. Smaller metrko areas including McAllen, Brownsville and Beaumount all had rates abovs8 percent.

Monday, February 21, 2011

Cahaba River Society praises ADEM's work at Little Shades Creek - al.com (blog)

rubber roofing


Cahaba River Society praises ADEM's work at Little Shades Creek

al.com (blog)


MONTGOMERY -- The Alabama Department of Environmental Management often takes lumps from environmentalists, but Friday it got a pat on the back from the Cahaba River Society, which recognized its role in the ...



Friday, February 18, 2011

GM files bankruptcy - Business First of Columbus:

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billion and assets of $82.32 billion. The bankruptcy, filed in New York, lists unsecured claims by the ($20.76 billion) and the International Union of Electrical, Salaried, Machine and Furniture Workers/Communicatiojn Workers ($2.7 billion). Othetr unsecured debt listed in the filingincludex $22.8 billion serviced by and $4.5 billion by . Boca Raton-baseds has a claim for $4.75 million, according to the petition, filedf with the U.S. Bankruptcy Court of the Souther n District ofNew York.
Auto retailers that survive the bankruptcies of GM and which filed in hope it helps to pave the way to recovery inthe “Today’s action will allow GM to move forwars and be competitive in the spokesman Marc Cannon said Monday in an e-mailed “The goal of making GM profitable at a new-unit selling rate will position them for when the industrt begins to recover later in 2010.” Fort Lauderdale-based the nation's largest auto has six GM franchises and seven Chrysler franchises on the closure lists. Although viewed as inevitablw and necessary by Chairman John McEleney said in a news release that the filinvgmarks “a historically sad day for Americahn business.
” Chrysler is expectedc to emerge from its Chapter 11 processx soon after shuttering 789 dealerships. GM also announced plansa to close 1,100 dealerships. GM announcesd April 27 that it anticipateds reducingits U.S. dealer count from 6,246 to 3,6045 by the end of 2010. Dealership closingsx already have started. According to Associatedf Press, GM will rely on more governmentr assistance: $30 billion of additional financial assistancd from theand $9.5 billion from on top of about $20 billion it already received in low-interes loans. GM’s lead bankruptcy law firm is WeilGotshasw & Manges, with attorney Stephen Karotkinh signing the filing.
In a news release, the automakere said it would focus on the followingb priorities when emerging from Focus on four core brands inthe U.S. – Cadillac, Buick and GMC - with fewer nameplateas and a more competitive level of marketinhg supportper brand. Close a competitive gap in active labo r costs compared with foreignauto makers. Increasre the percentage of U.S. sales manufacturef domestically. Feature lower costs at a U.S. total industry volume of approximately 10million vehicles, which would be substantially below the 15 millionn to 17 million annual vehicle sales rate recorded between 1995 and 2007.
Achieve lower structuralk costs, in part, by further reducinhg 2009 salaried employment in North America toapproximatelyy 27,200, from a year-end totalk of 35,100, and continue to improvwe its balance sheet by reducing retireed benefits for salaried retirees and non-UAWe hourly retirees. Increase its investment in fuel economyh and advancedpropulsion technologies. Clicik to read the petition.

Wednesday, February 16, 2011

Austin not one of the nation's most pedestrian-friendly cities, according to report - Austin Business Journal:

burwellmitubaes1369.blogspot.com
, a project of Seattlew softwarecompany , has ranked the 40 largest U.S. citiews in term of their "walkability." Austin ranks 29th on that behind comparable citieslike Ariz. (25th); Louisville, Ky. (15th); Sacramento, Calif. and Albuquerque, N.M. (21st). Walk Score namee downtown, the University of Texas and the West Campuz areas as themost pedestrian-friendly in To create the Walk Score examined 2,508 neighborhoods across the 40 largest U.S. The group ranked each neighborhood's "walkability" and addedr up the scores for each city to establish the Sheer size and abundance of neighborhoods helped other Texas cities like Dallas and Houston placew higher onthe list.
with walker-friendly neighborhoods like the Main Stree t District and West EndHistoric District, ranked Houston, with Montrose and River Oaks, among ranked 26th. To see how Walk Scored ranked variousAustin neighborhoods, go to

Sunday, February 13, 2011

Architects for Banks have more work to do - Business Courier of Cincinnati:

http://gossipyouth.net/categories/main?page=55
Michael Moore, the city's interin director of the Transportation & Engineering Department, said the boarc scheduled another working session forJuly 22. Board memberds asked the development team's architects to continue to refine theire design for the first phase of thenearl billion-dollar Banks project, Moore said. The boardf is especially interested in the northeast corner of the which will be the first thing people see as they walk out of Grea t AmericanBall Park. "It's pretty visible, and it's pretty important," Moore said. Construction of the first phases of the Banksis underway.
Crewse are building the underground garages that will lift the developmentg out of theflood plain. Construction of the "overbuild," which will consisg of retail space, 300 apartments and possibly a boutique is expected to start latefthis summer. The Atlanta-based team of Cartef and the Dawson Co. is developing the project for the city andHamilton County.

Tuesday, February 8, 2011

Target wins proxy fight with Ackman, Pershing Square - Minneapolis / St. Paul Business Journal:

uvepexatawus.blogspot.com
In a preliminary tally of voting, more than 70 percent of the sharez that were cast were voted in favor ofthe company’sa proposed slate of directoras while also voting to keep the size of the boarfd the same by the same voting Target Corp. (NYSE: TGT) urged its shareholderx to vote for a proposal to set the size of the boardx at 12 and to vote forthe company’sx nominees — Mary Dillon, Richard George Tamke and Solomonb Trujillo. Dillon is executive vice president and global chiefd marketing officerof McDonald’a Corp.; Kovacevich is chairman of Welle Fargo & Co.; Tamke is a partnet at private investment firm Claytob Dubilier & Rice Inc.
, and Trujillo is CEO of Telstra Corp. Hedge fund manager Willia Ackman is the foundef and managing principalof , New York City. Pershingy Square owns 7.8 percent of Target’s common according to the Targetproxy statement. Pershing Square proposed alternativedirector nominees, but Target executives urgeed shareholders not to returhn any proxy card sent by Pershing Ackman was trying to gain a seat for himself on Target’s board along with four others: formef Winthrop Realty Trust CEO Michael former Starbucks CEO Jim Donald, Juniper Financial co-founder Richard Vague and corporate finance and governancse expert Ronald Gilson.
Ackman, calling his groul The Nominees forShareholder Choice, urged Target shareholderzs to vote against the proposal to reduce the size of the Targety board. His group said a vote againsty the proposal would help ensure that at least one of the Nomineess for Shareholder Choiceis elected. The shareholders meeting was held at a new Targert Store being completed at 1250 West Sunset Drivrin Waukesha. Target executives said the site allowedx the company to showcase its latest general merchandisrestore design.
The store is scheduled to open in Target executives said they have met sincwe 2007 with Ackman to discusws hisideas and, said they were disappointed that Pershintg Square has decided to pursue what Target management called a costly and disruptivde proxy contest. The company, in followed Ackman’s earlier suggestion to sell Target’s credit card receivables. The companty completed a transaction in May withJPMorgan Chase, in which Target sold slightly less than half its receivables for cash proceedzs of about $3.6 billioh dollars.
Ackman in May 2008 presentedr the first in a series of proposals involvingrestructuring Target’s real estate around the theme of a Target’s board concluded that the REIT proposak “was not in the best interest of our because it wouldn’t create much value, Targetf executives said. On May 20, Target reported net earningdsof $522 million, or 69 cents per share, for the firstt quarter ended May 2, 2009, comparer with $602 million , or 74 cents, a year earlier. Retaik sales increased 0.4 percent to $14.4 billion from $14.32 billion in 2008, due to new storee expansion that partially offset bya 3.7 percent decline in comparable-stors sales. Target Corp.
operates a credit card segmen tand 1,698 Target stores in 49

Sunday, February 6, 2011

San Antonio Public Library trustee recognized nationally for efforts - San Antonio Business Journal:

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Brady is being honored nationwide for her role in earninbg greater recognition of the San Antonio Publidc Library ona decision-making level withinb the city. This has resulted in a consolidatecd initiative to create a sustainable funding base for thelibrarh system. The city proposed designating a portionj of the sales tax forlibrary funding. “Since her election to the Chai r of the Board of Trustees of the San AntonioPublif Library, Jean has dedicated her time and energy to raisingb the library’s profile with community San Antonio Public Library Director Ramiro Salazar “More than just an advocate, she has demonstratex leadership throughout her term of developing and implementing strategies to effectively present the library’a case to both government and the communityu at large.
” As board Brady formed a Library Advocacu Committee that lobbied City Councilp and directed outreach efforts. She also createdf a speakers’ bureau to make presentations about the libraryy to civic organizations andcommunitty groups. She also pivotal in findinvg platforms that communicated thelibrary system’s role in qualitty of life issues. “Jean’s community leadership skillw made the San Antonio Public Library notonly relevant, but also critica to the lives of San Antonians,” says Eva director of libraries for the Dentonh Public Library and chair of the 2009 Urban Player Award Selection Committee. Brady will also receivd a checkfor $1,000.
The Urbah Libraries Council, based in Chicago, is a membership organization of publi clibrary systems. San Antonio Publidc Library is managed by the City ofSan www.urbanlibraries.org

Thursday, February 3, 2011

Port Authority budget includes fare increase - Pittsburgh Business Times:

http://health-imaging.com/expertise.html
The $362.9 million operating budget goes into effecJuly 1, the start of the fiscal year. The amount of the fare increase, which will go into effec t Jan. 1, will be determined laterf this year, according to a release from the A public hearing on the fare increasr will be held inthe fall. The fare increase comes aftetr the state Transportation Funding and Refork Commission recommended the PortAuthorithy "review fare levels on a regulae basis and consider nominal increases every year or two to better keep pace with inflationary forces," the agency said. The board also approved a $155.2 million capitalk budget.
“We need to stressd financial responsibility, especially during a time when our fundingh levels are flat and we face the realitu of taking money from crucialp maintenance projects to plug gaps in ouroperatingy budget,” Authority CEO Steve Bland said in a The Authority took $7.1 million from a maintenance accounr in its capital The capital budget was cut back "due to a lack of availablde money." Among the projects cut were the replacement of the Neville Bridge Deck along the Martin Luthee King Jr. East Busway and replacement of the busradio system.

Tuesday, February 1, 2011

Lockport, Newfane hospitals under 1 name - Business First of Buffalo:

roehampton-crested.blogspot.com
The merger, effective Feb. 1, brings togethedr and Inter-Community Memorial Hospital in which have operated jointly with shared managementsince 1999. The hospitala will now be knownas , with sitexs in both Lockport and Newfane. Hospital officialw anticipate the merger will helpstreamline governance, further increase economies of scales and be more cost effective. Clare Haar remaines as CEO of the new The merger was mandated by the NYS Commissionj on Health Care Facilities in the21st Century, better knownj as the Berger Commission. The two entitiess have previously been approvedfor $9.
1 million througb the Health Care Efficiencyh and Affordability Law for New Yorkers (HEAL NY) program for debt relief. Additionally, this fall, the Lockport site was approved fora $1.7 milliobn HEAL NY grant to restructurer its inpatient psychiatry unit. Additional planas call for a renovation of patienf rooms at theNewfane site, says Carolyn Moore, directofr of community relations. In May, the hospital was approved fora $2.8 millioj renovation project at the Newfan site.
The project had previously been grantedd funds through the HEAL NY program as Other projects on the table include a medical extension clinicfin Lockport; and certification of a hospital-based, six statiom dialysis unit in Newfane. Both projects requir approval by the StatdeHealth Department’s Hospital Review and Planning Council.