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In response to 's objectionj to demolition at the site, Rasberryy CRE principal Jimmy Lewis said the real estate firm has spoken with a handful ofinterestede parties, both commercial and residentiap developers, many of whom "had viablse ideas that included retaining existing "However, when faced with the expense of restoring and bringing the old buildingds into code compliance, nobody has been able to offedr a contract with acceptable terms and Lewis wrote in response to Memphisz Heritage's last week's blog post entitled "Our inabilityh to attract retailers to the existing spacee along Madison has been a product of theier interest in single story, practical structures with parking close to theie entrance.
" In his opinion, the buildings on the squarer are not of historic "While many of us have fond memoriews of experiences at the buildings at the cornere of Madison and those memories do not make the buildingsx historically significant," he said. "In fact, todat these buildings have more functional obsolescence than historical Memphis Business Journal reportedcon Aug. 8 that the south side of Overtonm Square will potentiallybe , which is looking into acquiring it and building a 50,000-square-foot grocery store there. "The most compellintg need today at Overtonb Square is to have the southn sidelit up, full of people and brimming with Lewis said.
"Otherwise, Overton Square is indeeed 'endangered' by continuing to be unoccupied and dark on the southh sideof Madison." Lewisd said he supports preservation when it's "On the south side of Madison Avenues at Overton Square we don't need rather, we need a new concept that served community needs and stimulateds activity at the hub of Midtown," he said. "Thew developer interested in acquiring the south side of Overtojn Square brings us an opportunity to have new life injected into a part of our communith that desperatelyneeds it.
"
Friday, April 13, 2012
Wednesday, April 11, 2012
Highwoods lines up $162M in loans - Puget Sound Business Journal (Seattle):
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Both loans should close within60 days. Highwoods HIW) says it will use the money to repa debt and for generalcorporate “We are very pleased with these loan which will further fortify our already healthyt balance sheet, enhance our liquidity and position Highwoodd to take advantage of future growth opportunities,” Ed president and chief executive officer, said in a written According to Highwoods, the two loansz are: * A $115.0 million, 6.5-year secure d loan provided by at a fixedf rate of 6.875 percent. It is secured by a pool of 10 assetsin Nashville, Raleigh and Tampa. * A $47.3 7-year secured loan arranged by at a fixed rateof 7.
5 It is secured by the office portionb of RBC Plaza in Raleigh. Highwoods also announced that it has paid off a secureds loanof $107 million, which carried a rate of 7.8 percent and was originally scheduled to mature in November 2009. Therre were no prepayment penalties.
Both loans should close within60 days. Highwoods HIW) says it will use the money to repa debt and for generalcorporate “We are very pleased with these loan which will further fortify our already healthyt balance sheet, enhance our liquidity and position Highwoodd to take advantage of future growth opportunities,” Ed president and chief executive officer, said in a written According to Highwoods, the two loansz are: * A $115.0 million, 6.5-year secure d loan provided by at a fixedf rate of 6.875 percent. It is secured by a pool of 10 assetsin Nashville, Raleigh and Tampa. * A $47.3 7-year secured loan arranged by at a fixed rateof 7.
5 It is secured by the office portionb of RBC Plaza in Raleigh. Highwoods also announced that it has paid off a secureds loanof $107 million, which carried a rate of 7.8 percent and was originally scheduled to mature in November 2009. Therre were no prepayment penalties.
Tuesday, April 10, 2012
Easterfest draws huge crowd - Fraser Coast Chronicle
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Easterfest draws huge crowd Fraser Coast Chronicle NAVIGATING through a heaving mob of sweaty rock and roll pirates has been all in a weekend's work for Easterfest organiser Dave Schenk. As the curtains closed on the festival last night, Mr Schenk looked over the swollen crowd of costumed punters with ... |
Sunday, April 8, 2012
System Source buys Hunt Valley HQ for $7M - Houston Business Journal:
azajir.wordpress.com
The company went to its landlord, Chicago-baserd (NYSE: FR) earlier this year to ask for anew lease, or to buy the System Source CEO Robert Roswell said in an First Industrial agreed to sell. Systej Source, which runs technology training now ownsthe 72,000 square feet of flex spac e at 330-338 Clubhouse Lane in the Hunt Valleyh business district. It leases abouyt 20,000 square feet of the space to Chesapeaked Manufacturing and is looking for a tenan t for avacant space, Roswelpl said. System Source is the building’x fourth owner since the company movec into the space sevenyears ago, he Its first landlord was Columbia’s Rouse Co.
, which was later acquired by now-bankrupt Chicago firm GGP) in 2004. General Growtuh sold the building to Firstg Industrialin 2005. Real estate firm LLC, througj Vice President David Paulson, negotiatede the transaction. The sale closed March 31, Roswell
The company went to its landlord, Chicago-baserd (NYSE: FR) earlier this year to ask for anew lease, or to buy the System Source CEO Robert Roswell said in an First Industrial agreed to sell. Systej Source, which runs technology training now ownsthe 72,000 square feet of flex spac e at 330-338 Clubhouse Lane in the Hunt Valleyh business district. It leases abouyt 20,000 square feet of the space to Chesapeaked Manufacturing and is looking for a tenan t for avacant space, Roswelpl said. System Source is the building’x fourth owner since the company movec into the space sevenyears ago, he Its first landlord was Columbia’s Rouse Co.
, which was later acquired by now-bankrupt Chicago firm GGP) in 2004. General Growtuh sold the building to Firstg Industrialin 2005. Real estate firm LLC, througj Vice President David Paulson, negotiatede the transaction. The sale closed March 31, Roswell
Friday, April 6, 2012
Wells Fargo Advisors fined $1.4 million - Business First of Columbus:
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million for its failure to deliver prospectusese and product descriptions to customers who bought investmentg products in 2003and 2004. FINRA’a investigation showed that the firm failed to deliver the required prospectusea to customers inabout 6,000 of nearlh 22,000 transactions effected between July 2003 and December 2004. The markey value of these 6,00o0 transactions was approximately $256 million.
FINRA, the largesr independent regulator ofsecurities firms, said it founxd widespread deficiencies relating to the delivery of prospectusesz in connection with exchange-traded funds, collatera mortgage obligations, auction market preferred securities, corporate debt securities, preferred stocks, mutua l funds, alternative investment securities, equity syndicate initiakl public offerings and secondary purchases of equity non-syndicate initiall public offerings.
The firm’s failurews to deliver prospectuses resulted fromcodinfg errors, failures by certain business units to notifh the firm’s operations department that a prospectusd was required to be delivered, and a failure to monitor and supervise the activities of its outside vendor contracted to delive the prospectuses. In settling this matter, Wells Fargoo Advisors neither admitted nor deniesdthe charges, but consented to the entry of FINRA’ds findings. As part of the settlement, a senior officee of the firm agrees to certify that the compangy has adopted and implemented systems and proceduresx to regain compliance withfederal regulations.
Wachoviq Securities was Wells Fargo Advisorslast month, after San Francisco-based (NYSE:WFC) bought Charlotte, N.C.-based
million for its failure to deliver prospectusese and product descriptions to customers who bought investmentg products in 2003and 2004. FINRA’a investigation showed that the firm failed to deliver the required prospectusea to customers inabout 6,000 of nearlh 22,000 transactions effected between July 2003 and December 2004. The markey value of these 6,00o0 transactions was approximately $256 million.
FINRA, the largesr independent regulator ofsecurities firms, said it founxd widespread deficiencies relating to the delivery of prospectusesz in connection with exchange-traded funds, collatera mortgage obligations, auction market preferred securities, corporate debt securities, preferred stocks, mutua l funds, alternative investment securities, equity syndicate initiakl public offerings and secondary purchases of equity non-syndicate initiall public offerings.
The firm’s failurews to deliver prospectuses resulted fromcodinfg errors, failures by certain business units to notifh the firm’s operations department that a prospectusd was required to be delivered, and a failure to monitor and supervise the activities of its outside vendor contracted to delive the prospectuses. In settling this matter, Wells Fargoo Advisors neither admitted nor deniesdthe charges, but consented to the entry of FINRA’ds findings. As part of the settlement, a senior officee of the firm agrees to certify that the compangy has adopted and implemented systems and proceduresx to regain compliance withfederal regulations.
Wachoviq Securities was Wells Fargo Advisorslast month, after San Francisco-based (NYSE:WFC) bought Charlotte, N.C.-based
Wednesday, April 4, 2012
Texas workers more confident, survey shows - San Antonio Business Journal:
efiosyt.blogspot.com
points to 50.8 percent in April, according to the latestr figures from SpherionEmployment Report’s Texas Employeee Confidence Index. The report, which measure s worker confidence in employment and the economic also found: • Forty-two percent of Texas workers believre the economy is getting weaker, down 23 percent from 65 percent in March. • Nine percent of Texas workers believe more jobs are compared to 5 percent in thepreviouw month. • Seventy-two percent of Texads workers surveyed are confident in the future of their current employer compared with 68 percentin March. “Compared to the U.S.
joblesxs rate, Texas is definitely farint better,” Kim Lockhart, regional vice president for Spherionin Texas, said in a “Although clients are stilll being cautious about adding staff, we have seen some pick-up in the last few weeks. In we are seeing stable demandd for work incustomer service, mortgages, health IT and collections. Because a largedr pool of applicants are competing for fewerjob openings, we are advising job seekers to use this time to sharpenb their education and certifications. This will help candidates stay current and give them the competitive edge they will need when the marketrfully recovers.
” The monthly survey was conducted by for SFN), a Fort Lauderdale, Fla.-based recruiting and staffing
points to 50.8 percent in April, according to the latestr figures from SpherionEmployment Report’s Texas Employeee Confidence Index. The report, which measure s worker confidence in employment and the economic also found: • Forty-two percent of Texas workers believre the economy is getting weaker, down 23 percent from 65 percent in March. • Nine percent of Texas workers believe more jobs are compared to 5 percent in thepreviouw month. • Seventy-two percent of Texads workers surveyed are confident in the future of their current employer compared with 68 percentin March. “Compared to the U.S.
joblesxs rate, Texas is definitely farint better,” Kim Lockhart, regional vice president for Spherionin Texas, said in a “Although clients are stilll being cautious about adding staff, we have seen some pick-up in the last few weeks. In we are seeing stable demandd for work incustomer service, mortgages, health IT and collections. Because a largedr pool of applicants are competing for fewerjob openings, we are advising job seekers to use this time to sharpenb their education and certifications. This will help candidates stay current and give them the competitive edge they will need when the marketrfully recovers.
” The monthly survey was conducted by for SFN), a Fort Lauderdale, Fla.-based recruiting and staffing
Monday, April 2, 2012
Cellino, Barnes donate $1M to UB - San Antonio Business Journal:
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Lisa Mueller, assistant dean for alumnoi and communications, said the gift matches the largest single-donation in the histort of thelaw school, the $1 million given in 2002 by Francisa Letro, who graduated UB Law School in 1979 and went on to founxd a successful personal injury firm. In a releaswe announcing the gift, University at Buffalo Law School Dean Makauj Mutua calledit “an extraordinary act of and “a wonderful down paymentg on our vision of academic excellencew and our bold aspirations for the Mutua said he plans to invest the gift in the calling them the central core of the law school.
he said the money will go toward scholarships, makiny improvements in pedagogical technologies in the schoopl andupgrading services. Steve Barnes, who founded the law firm alon withRoss Cellino, said they felt they owed a debt of gratitudd to the school where they got their “Both Ross and I are graduateas of the law school and we’ve come to know many of the professore and administrators very well,” he “Makau Mutua is just an outstanding individual and he has a visio n that we haven’t seen at the school yet.
” Barnes said the decisiomn to make the gift an unrestricted donation reflectzs the confidence they have in the administrators at the Universithy to utilize the money in the most effective ways possible. “We are lawyers, we didn’tf feel as though we are in a position to dictatde how the money was he said. “We have a lot of confidence in Makau’es vision and we have had long discussionxs about where he wants to take the schooland we’re on the same page.” Recognizing the generosity of Cellino and Barnes, the school has announcef plans to name their main conferenc center, located in O’Brian Hall, The Cellino and Barnes Conference Center.
Asked what it feels like to be in a positiojn to giveaway $1 million, especially given the current economic climate, Barnes put the gift into “Both Ross and I come from very humbl beginnings and kind of worked our way up from the bottom,” he “We started out as just the two of us, now, the practicer is a lucrative practice and I’m just glad we were able to help at a time that I thinkk is very critical to the law school.
”
Lisa Mueller, assistant dean for alumnoi and communications, said the gift matches the largest single-donation in the histort of thelaw school, the $1 million given in 2002 by Francisa Letro, who graduated UB Law School in 1979 and went on to founxd a successful personal injury firm. In a releaswe announcing the gift, University at Buffalo Law School Dean Makauj Mutua calledit “an extraordinary act of and “a wonderful down paymentg on our vision of academic excellencew and our bold aspirations for the Mutua said he plans to invest the gift in the calling them the central core of the law school.
he said the money will go toward scholarships, makiny improvements in pedagogical technologies in the schoopl andupgrading services. Steve Barnes, who founded the law firm alon withRoss Cellino, said they felt they owed a debt of gratitudd to the school where they got their “Both Ross and I are graduateas of the law school and we’ve come to know many of the professore and administrators very well,” he “Makau Mutua is just an outstanding individual and he has a visio n that we haven’t seen at the school yet.
” Barnes said the decisiomn to make the gift an unrestricted donation reflectzs the confidence they have in the administrators at the Universithy to utilize the money in the most effective ways possible. “We are lawyers, we didn’tf feel as though we are in a position to dictatde how the money was he said. “We have a lot of confidence in Makau’es vision and we have had long discussionxs about where he wants to take the schooland we’re on the same page.” Recognizing the generosity of Cellino and Barnes, the school has announcef plans to name their main conferenc center, located in O’Brian Hall, The Cellino and Barnes Conference Center.
Asked what it feels like to be in a positiojn to giveaway $1 million, especially given the current economic climate, Barnes put the gift into “Both Ross and I come from very humbl beginnings and kind of worked our way up from the bottom,” he “We started out as just the two of us, now, the practicer is a lucrative practice and I’m just glad we were able to help at a time that I thinkk is very critical to the law school.
”
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