Sunday, October 31, 2010

Wells Fargo continues integration of Wachovia with name change - Boston Business Journal:

http://www.theholistichound.net/article/Golden-Chocolate-Chip-Cookies.html
The change reflects the bank’s continued integratiojn with , which acquired Charlotte-based on Dec. 31. “By adopting the Wells Fargo nameand brand, we’re now fullg part of one of the world’sz most respected financial companies,” says Neil chief executive of Wells Fargo Bank International. “Ww look forward to satisfying all ofour clients’ financia needs across Europe and helping them succeed financially.” Wells Fargo Bank International is a European Union bank headquartered in Ireland.
In Wells Fargo’s investment-banking and capital-markets businesses, whichy formerly operated under the Wachovia Securities and certain WellsFargo brands, have taken the name Wellas Fargo Securities. Retail brokerage products and services formerlyh marketed as Wachovia Securities are now offeres through WellsFargo Advisors. Wells Fargo (NYSE:WFC) is based in San Francisco.

Friday, October 29, 2010

Expertise key in picking attorney - Business First of Buffalo:

http://fishing-sea.com/Baits-and-Scents/Jumbo-Leech/
The question of when to hire an attorne y depends largely on the size of the prospective saidThomas Stahl, who managew corporate practice offices in Los Angeles, Washington and New York for LLC. Stahl said, hiring a corporate attorney in the beginning stagez of establishing a business is the best plan of actionn because a good lawyer will set the operationh up right thefirst time, preparing for almos every eventuality. And almost every company, no matter what its needs a lawyer, he said. “What kind of busineses are you looking to establish do you want to go public or are you looking to startsomethint smaller?” he said.
“Even for a private company, it comezs down to whether or not you areraising money. If you’re doing that, then there are securitiew laws that need to be immediately and many new business owneras forgetabout that.” If a company is raisinbg money, its lawyer needs to have securitiezs experience, Stahl said. “Most people think that if they are raisingy money through friends and familg it is nobig deal, but under the Federal Securitiesx Act, if you’re on the phonee raising money, you are selling shares and are subjec t to regulatory laws,” he “If you’re running a one- or two-manb operation you may not have need of as much legall advice as a larger company, but if you follow the rules from the start, you will protecyt yourself and your investors.
” In terms of businesses should look for a corporate attorneg who can serve as an “issue spotter” and raisde red flags when problems are on the horizon, said Stevem Spielvogel, a partner with in New York City and co-founder of the “I used to teach a law school and one of the thingzs I told my studentz was, if you’re an in-house counsel, you need to be a trainecd issue spotter,” he said. “For your lawyer may not have any expertis e in taxlaw litigation, but he or she needs to be able to identif y and determine who in the firm can handle thosw matters for you if something crops up.
Once you know it is out you can get a trainedlitigator Spielvogel, who also serves as president of the Internationalo Network of Boutique Law Firms (www.inblf.com), said it’s important to make sure your attorneu has expertise in your specific area of business or type of “Make sure to check that the lawyer handlinyg your case has handled this particular type of mattere before,” he said. “If you have a heart problem, you go to a a brain issue – a neurologist. The same goes for “If you have an issue on trademark infringement, check your lawyer’s background. Have they writtem papers on this subject? I thinkl these things are important.
” Stahl said owners should to look for an attorneg who is familiar witheach state’d “blue sky” laws, as well as federapl laws. If a business is financeed only by those working in the then a simpler frameworkis available. “Youi can do a pretty barebones setupthat won’t cost too much and will protectt your interests,” he said. “Some (limited liabilitgy corporations) can be done very if they’re done right.
“If you’re just talking about a basic husband-and-wife operation, the cost for the wholw thing is inthe $1,000 range, dependinvg on what part of the country you are The operating agreement gets trickier as you add peoplr … forcing the cost up.” Spielvogel and Stah l agreed that once a client’es needs have been a law firm always should be able to establisnh what the costs will be upfront. Both attorneysx also agreed that it is paramount to do your researcg on thelawyer you’re considering hiring. Meet with the personh one on one, check his or her and ask to speak toformedr clients. “Do your due diligence,” Spielvogel said.
“Becaused if you pick the wrong lawyer, it could be a very expensivd nightmarefor you.”

Thursday, October 28, 2010

Orinda, Octagon plan loft/retail conversion - Puget Sound Business Journal (Seattle):

wilhelminadora4287.blogspot.com
Atlanta-based and Charlotteville, Va.-based reported their plan s for the property at 222Mitchelp Street, but they did not disclose financialk terms of the deal. The 350,000-square-foot structure was built in stagesz from 1929 to 1979on 2.1 acred and occupies the entire city block bounded by Spring, Mitchell and Nelson Streets. Orinda and Octagonb will convert the property into a rentapl building with 205 loft unitsw and morethan 70,000 square feet of commerciap space. Occupancy is expected in January 2011.
“The redevelopment of 222 Mitchellk Street into rental loftzs and retail space will play a significant role in the rebirtyh of this part ofdowntown Atlanta,” said Dillon president of Orinda, in a “We’re certain that living at 222 Mitchelpl Street will appeal to young professionals who work as well as to college students, especially those who alreadyh attend one of the many fine institutionss in the area, such as Georgia State University, Spelman, Clark Atlanta University and Georgia

Tuesday, October 26, 2010

Chiefs-Broncos Still A Hot Ticket In Kansas City - Arrowhead Pride

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Kansas City Star


Chiefs-Broncos Still A Hot Ticket In Kansas City

Arrowhead Pride


To buy Kansas City Chiefs tickets through us, check out the Tickets tab at the top right of the site. The Kansas City Chiefs are 4-2 and in first place of ...


Chiefs Coach Todd Haley Takes Season One Quarter At A Time.

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Monday, October 25, 2010

Civic leaders' high-stepping benefits Youth at Goodwill - Denver Post

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Civic leaders' high-stepping benefits Youth at Goodwill

Denver Post


Roselyn Saunders and Carrie Mesch chaired the event that also paid tribute to Martin Pocs, vice chairman of DHR International, for his longstanding support ...



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Saturday, October 23, 2010

Textron cancels Cessna Columbus program - The Business Review (Albany):

http://needsaw.com/which-is-the-best-portable-table-saw-or-contractor-table-saw.php
In April, the company announced it would suspenfdthe program, leading Cessna leaders to say it would only be a matte of time until the project came But in Thursday’s filingg with the SEC, Textron (NYSE:TXT) said “Upon additionaol analysis of the business-jet market related to this productt offering, we decided to formally cancel furtherr development of the Citation Columbus.” Textron says it alreadg had incurred about $50 million in capitalizer tooling and facility costs relatedf to the project. It says it will recor a non-cash pre-tax charge of abouyt $43 million for the first two quarters of 2009 to reflectf the impairment of the facility andtoolinvg assets.
Wichita Mayor Carl Brewer, who was in Denvert Friday at a conference, had not heard the Columbus projectr was being canceled until askefd about it by the WichitaBusiness Journal. “I’j disappointed,” Brewer says. “... We believe this is part of the futurse for the cityof Wichita. We’re just really disappointed that it At thesame time, he he understands the economic climate has forcedc businesses to make tough decisions. The project was to have built 600,000-square-foot final assembly building at Cessna wher the majority ofthe $27 million business jet woul be built. There was also to have been a 45,000-square-foo t physical plant to serve themain building.
Constructiob costs were expected tobe $200 millio and bids were put out in • • • • • Columbus, Kan.-basesd Inc. Apart from the loss in constructiojn jobs, the Wichita area now appears to have lost out for good onthe 1,000o direct jobs and the 3,000 spin-ofv jobs the program was estimateds to create. It also appears likely that Cessns will have to pay backthe $10 milliob it received in city and countyt incentives and the $33 milliohn it received from the state for the Like Brewer, Sedgwick County Commissioner Tim Nortojn says he is disappointed to hear the news of the “I think most Wichitans and the business communitgy looked at that as a big announcement,” he “It takes a littls bit of the wind out of the sails for Cessnz and general aviation.
It could have been a huge boos t to Wichita over the next couple years and I thinmk everybodysaw that.” Norton says he hopex the project will be able to return somewhere down the The business plan that was put in place, he still could be a good fit.

Friday, October 22, 2010

Homes still unaffordable in the region - Boston Business Journal:

http://www.georgetownchamberofcommerce.org/news/general-news/43-georgetown-chamber-elects-new-executive
Case spoke as part of an evenyt hosted by theon Tuesday. The foundation released its sixth-annuall Housing Report Card, which found that despiter falling prices, homeownership remains out of reach foryountg people. At the same time homeowner s are losing equity because prices havedeclinexd rapidly. Case, co-author of the widelgy used / , said Boston is clearing its inventory through twochannelxs — auctions and traditional Case said about 20 percent of the sales in Bostonn are a result of foreclosure sales wherer bank-owned properties are being resold. Compared to otheer areas of the country, Boston has held up during the downturn with pricesd decliningabout 10.
8 percent from peak compared to 20 percen t and 30 percent declines in places like Las Vegas, and Detroit, Mich. • The number of foreclosuresw on single family homea in Greater Boston has increased by more than 100 percent each yearsincd 2005, with an estimatee 4,000 foreclosures predicted for 2008. Rents have increased whil renter incomeshave declined, resulting in a ratii of rent to income of up from 0.28 in just six years and placinvg increased economic pressure on low-income area residents.
Greater Boston will continue to see itspopulatioh age, with the number of households aged 35 to 44 projectes to decline by more than 50,000 unitz by 2017 while households aged 55 to 64 increas e by almost 70,000 and households aged 65 to 74 increaser by almost 74,000 units in that same The recent decline in home prices has made the region more affordable — but only Between 2005 and 2007, home prices droppefd 5.5 percent, while median househol d income grew be about 9.3 percent. As a result, the ratiio of home price to income standzat 5.77 for 2007, down from a high of 6.68 in 2005.
The Housintg Report Card study was producedx by economistBarry Bluestone, directorf of the Center for Urban and Regional Policy at .

Wednesday, October 20, 2010

Alameda's Avigen in sale talks - Birmingham Business Journal:

http://justdentist.net/pediatric-dentist/saint-anthony-pediatric-dentist-coverage/
Avigen and MediciNova said Thursday thattheir “understanding” couldf give Avigen shareholders net cash liquidation value plus $3 million. Avigen shareholders could elect to receiver cash at closing or a convertible security that woulc be converted into MediciNovas stock at a conversion priceof $4 or more “ot a mutually agreeable volume-weighted average price of MediciNovz common stock.” Avigen CEO, President and CFO Andrew Sauter said in a pressd release that final termsa of the deal coulf be presented to shareholders in the thirdx quarter. The deal includes Avigen’sw Phase II drug, designed to treat pain and drug addiction.
MediciNovsa is working on drugs for asthma symptoms andmultipled sclerosis. Avigen’s mid-stage drug to control muscles tightness in multiple sclerosis patientz failed a trialin October. That sent the stock price spiraling, and Biotechnology Values Fund bought more than 25 percent ofthe stock. BVF presseed then-president and CEO Kenneth Chahine to find a way toreturj Avigen’s roughly $50 million in cash to BVF eventually proposed a deal for a BVF subsidiary to buy Avigebn and then merge the company with MediciNova.
It withdrew that offeer after shareholders in March did not elect its slate of boardr nominees but the company said itwould

Tuesday, October 19, 2010

A&R Development picked for $17M Jonestown project - Baltimore Business Journal:

http://gravitygun.ru/
The project falls into the city’s aims to remakee Central Avenue, which has seen a wave of new development in recent years buildinyg off the success of nearbyuHarbor East. A&R, led by Anthony Rodgers, hopes to builx a mixed-use development including 107 rental apartments, 18,000o square feet of retail space and 156parking spaces. said Tuesday it awarded the firm exclusive negotiating rightse forthe city-owned land at 110 S. Centra Ave. and 1120 Granby St. The propertiesd combine for about 29,000 square The BDC, the city’s economic development arm, offered the and two others, up for redevelopment in August 2008.
“These properties give the city the opportunitty totake vacant, underutilized properties and have them renewed as privates enterprises that will generate taxes and enhancs the Jonestown/Washington Hill community,” BDC President M.J. Brodie said in a statement. The city also tappe Mitey LLC to negotiate for a seconf siteat 1301-1309 E. Lombard St. Mitey is a real estate company formedby Gerry’s Tire which hopes to use the propertgy to expand its adjacent Mitey plans to use the 4,518-square-footr property in the short term as a temporarhy parking lot for its business and would expand onto the city-owned propertu in the future.
The city is reserving the rightsx for thethird property, at 130 S. Central Ave.

Sunday, October 17, 2010

Lakers blog profile: zio69 is almost certain he saw a young Kobe Bryant in Italy - Los Angeles Times (blog)

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Lakers blog profile: zio69 is almost certain he saw a young Kobe Bryant in Italy

Los Angeles Times (blog)


Hometown: Pistoia, Italy. Kobe Bryant's dad used to play for the local ball team. I think I even spotted Joe "Jellybean" Bryant, a young Kobe and his sister ...



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Saturday, October 16, 2010

Bradley Center pact adds revenue - The Business Journal of Milwaukee:

ermolayxitpev.blogspot.com
million a year in much-needed revenu e for the downtown Milwaukee sports and entertainment facility. In addition, an agreement between the Bradlet Center and provided to The Businesz Journal revealed that center officials are expecte to try to sell naming rightse to theretail center. Other revenuee opportunities could include sponsorship of theretaikl center’s public areas and advertising on electronic signa that would be part of the project. Lauth, the country’s 13th-largest commercial developer, is partnering with the Bradleg Center on a possible project asthe venue’xs board seeks additional revenue streams.
The 1988 structure is old by National Basketball Association and the Bradley Center board is working with the to providre more revenue tothe club. The agreement sets a two-yeadr feasibility period, expiring in July 2010, for Lauth to securs tenants, financing and all necessary approvals from the cityof Milwaukee. Duringt that two-year period, Bradley Center officials must acquire about 5 acres from Milwaukee County for the Lauth officials have said the projecft would bea three-story complex with midsize and small retailers, restaurants and entertainment attractions.
The site woule be bounded by North Fourth and NorthSixtu streets, the Bradley Center and either West Juneau Avenue or West McKinlehy Avenue in the Park East Bradley Center officials admitted that the project has slowe due to the economic recession; few nationalo retail tenants are adding locations. “But Lauth has confidenc that once retailers start to look at new opportunities there will be interest inthis project,” said Steve president of the Bradley Center.
Jim Smith, Lauth’sw senior director of could not be reached for According tothe agreement, rent on the land will startf at $20,000 an acre in the first year and increasd each year up to $80,000 an acre in the fourth year of the The rent would jump to $80,000 an acre earliedr if the project becomes 95 percent leased. The namingb rights’ opportunities are important to Bradley Center Plans to sell the naming rights to the sportss facility were dropped in April 2008 after the childremn of JaneBradley Pettit, the philanthropis t who donated $90 milliomn to build the center, publicly opposed the effort.
“Ws think there would be a lot of potentiakl revenue opportunities withthis development,” Costello Scott Welsh, president of , a Milwaukew real estate brokerage and developmentr firm, said it is important for Lauth and Bradlehy Center officials to continue working on the projectt despite the economic downturn. “You need to be planningt for the future now so when we come out of this you are ready to go,” he Welsh said a similad project in Minneapolis near the Target Center, home of the NBA’sd , includes a luxury hotel, high-enx restaurant and movie theater.
The projecgt also would be importantr for the continued redevelopmenft of the Park East corridor on the nort h side ofdowntown Milwaukee. Inland is redevelopinbg a building nearbyat , a multimillion-dollar renovatio of the former Pabst Brewing “Any improvements in the area are good for all of Welsh said. “There is a lot of momentujm in this part of downtown that will positivelyy impact the areafor years.

Thursday, October 14, 2010

CoreRx plans new jobs, major expansion - Tampa Bay Business Journal:

framptongeqeaqu1461.blogspot.com
The company also is in the process of purchasingf a facility in Hillsborough County to replacee its currentleased site, said Todd president and chief executive. Davia was one of five founders of CoreRcxin 2006. The company now has 13 Based onjob creation, CoreRx has applied for Florida’ Qualified Target Industry Tax Refund, Daviau said. QTI is a statee incentive available for companies thatcreate high-wage jobs in targeted high value-added industries. In a CoreRx said the planned new high-skilkl jobs would have average salaries of at least which is 150 percenft ofthe state’s average annuak wage.
The new facility will have 80,000 square about eight times the size ofthe company’s currenf location. It’s currently undergoing $5 million in renovations, the release said. Daviau said he woulfd be able to announce more details aboutg the site in a few Growing customer demand promptedthe expansion. CoreRx performs formulation, analysis, clinical manufacturing and other services for thepharmaceutical industry, and like other contracty research organizations, has gotten a boost as drug companies The company was in negotiation with other areaa but ultimately decided to stay in Hillsborough County because of the qualityt of life, Daviau “We are pleased we have been able to accommodate the company’s expansion here,” Ken Hagan, chairman of the Hillsborough County Board of County Commissioners, said in the release.
Hagebn said several agencies helped make the deal arealitty including: the Governor’s Office of Trade and Economic Development; , the ; the Committe of One Hundred and Hillsborough County’z Economic Development Department. CoreRx’s growth “illustrates the succes s of our efforts to retain and recruirt companies in the corporate headquarters and lifesciencews clusters,” John Adams Jr.
, president and chief executive of Enterprisee Florida, the state’s principal economic development organization, said in the

Wednesday, October 13, 2010

Trinamool obstructing Bengal's development: Buddhadeb - Sify

evittiebodum1296.blogspot.com


Trinamool obstructing Bengal's development: Buddhadeb

Sify


Burdwan (West Bengal), Oct 10 (IANS) West Bengal Chief Minister Buddhadeb Bhattacharjee Sunday said the opposition Trinamool Congress is creating obstacles ...



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Monday, October 11, 2010

Sunday, October 10, 2010

Fred

vadimsudigrenev.blogspot.com
The Memphis-based discount retailer reported salezsof $134.7 million for May, down 6 percent compared to salews of $143.4 million in May 2008. These numbersd include Fred’s (NASDAQ: closing 74 underperforming stores and 23 Excludingthose stores, Fred’z sales increased 1 percent compared to last May. Comparabls store sales in May rose 0.2 percent, down compared to 3.4 percen in the same period last year. For the firstr four fiscal monthsof 2009, the compan y reported total sales of $593. 1 million, down 2.4 percent compared to $607.7 million for the same year-ago period.
However, excluding stores closed in sales from ongoing stores increased 4 percent compareds to thesame four-month period last On a comparable store basis, year-to-date sales increasef 2.1 percent compared to 2.4 percent last year. Fred’s openex one new pharmacy in May. Fred’s operateds 666 discount merchandise stores, including 24 franchised storews nationwide. Shares closed down 12 cents to $14.232 per share Wednesday.

Friday, October 8, 2010

TravelCenters of America Technicians Score Big at the TMC! - MarketWatch (press release)

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TravelCenters of America Technicians Score Big at the TMC!

MarketWatch (press release)


WESTLAKE, Ohio, Oct 08, 2010 (BUSINESS WIRE) -- TravelCenters of America LLC announced that one of its technicians qualified as a "SuperTech" Champion in ...



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Thursday, October 7, 2010

Rutgers freshman RB Jordan Thomas could see expanded role against Connecticut - The Star-Ledger - NJ.com

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The Star-Ledger - NJ.com


Rutgers freshman RB Jordan Thomas could see expanded role against Connecticut

The Star-Ledger - NJ.com


... Martinek still nursing an ankle injury, coach Greg Schiano acknowledged that Thomas (35 carries for 115 yards this season) could see an expanded role. ...



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Tuesday, October 5, 2010

Survey: Americans lack knowledge about generics - Nashville Business Journal:

http://armeniantrip.biz/newbies-hints-for-grand-deals-along-with-scrumptious-meals-at-your-awesome-ireland-vacation.html
And, while research has shown that generics have saves the health care system anestimatefd $734 billion in the last 10 years, two-thirds of those surveyedc don’t know the true cost differences between generic and brans name drugs, according to the survey conductedf by , a leading pharmacy benefit managemeng organization. “Using generics helpa make health care more affordabl withoutcompromising results,” Jacqueline Prescription Solutions CEO said in a news release.
“Manu Americans erroneously believe that the most expensived drug is always the mosteffective drug, so by helping to changr perceptions, we can help people save moneuy and still get the best treatment available.” Thirty-one perceng of respondents indicated they knew that a brandx name drug cost 50-70 percent more on average than its generidc counterpart. Seventy-one percent of consumers remain concernedc about drug costs with more than one infour (27 having either delayed filling, not filled, or not taken as directefd a prescription drug to save money. Twenty-one percent of all respondentsw say they have talked to their doctor recentlyt about switching to a lessexpensivee drug.
Fifty-seven percent of those polled said they take prescriptiodrugs weekly. Of those, 83 percent (or 47 percent of the tota sample) take generics. Of thoss who do not take generic drugs on aweeklg basis, 58 percent say it is becaused there is no generic available for the drug they Sixty-four percent of those who take generics say theit doctor recommended them and 43 percent say their pharmacist recommendesd them. Of those who do not take generic drugs on a weekly basis, 58 percent say they would if theitr pharmacist brought a generic to their attention as a less expensive, identical and 52 percent say theifr doctor would have to recommend it.

Monday, October 4, 2010

Lions Gate nominates Rachesky to board - Dayton Business Journal:

polinaagyvtiwu.blogspot.com
Rachesky, through his LLC, is the largest shareholder in Lions witha 19.8 percent stake. MHR Fund Managemeny will support management's slate of nominees at the meeting, accordint to a release from Lions The statement said that the rest of the slates will be announced at a later time. The nomination of Rachesky is likelg in response to pressure from activisf investorCarl Icahn, who has been upping his stake Rachesky is a former Icahn advisor. Rumors have persistedd as to whetherIcahn . He has been criticalp of the studio's expenses and especially . Icahn currently holdds a 16.9 percent stake in the company.
Should an individual gain more than 20 percent of the a change of control threshold wouldbe surpassed, potentiallhy resulting in a default on the company's $340 million credit Santa Monica-based Lions Gate LGF) is a movie Among its titles are the Tyler Perr "Madea" comedies and the "Saw" horrof franchise.

Saturday, October 2, 2010

St. John Properties takes over Opus East business park at Aberdeen Proving Ground - Puget Sound Business Journal (Seattle):

tulusenoveb.blogspot.com
U.S. Army officials worked feverishluy over the past week topull St. John Propertiesd into the fold, fearful the project would come to a halt if Opus East filecd for bankruptcy protection before an arrangement coulfbe struck, company spokesman Gerarr J. Wit said in a telephone interview Tuesday. “It was a real round-the-clock, week-long effort to get this Wit said. “We’re going to get in and try to kick-stary this right away.” Aberdeen is gearing up for a significangt influx of military jobs underthe Pentagon’s Base Realignmenft and Closure plan, expected to be completefd by September 2011.
About 8,200 military jobs will be transferree tothe base, in addition to as many as 18,000 private contracting jobs from companiesw that do business with the incoming militaru agencies. The approved Opus East's selectio of St. John Properties to take over the Governmen and Technology Enterprise business park because of theBaltimore developer’s abilit y to move forward with new construction, Bob Penn, program director with the Army Corps, said in a statement. As in taking over the including (NYSE: OFC) and Manekin LLC.
Opus East was awardede rights to developthe government-owned land under a lease with the Army in November 2007 and brokr ground on its first buildinyg in December of that Since then, the company becamed straddled with millions of dollars in construction loans it has been unabl e to refinance, and the company has not startex any new construction at the projecgt for more than a year. The deal was inkede June 19 betweenOpus East, St. John with the backing of the Army. St. John and the Army Corpz of Engineers issued statements Tuesday announcingfthe deal. Wit said St. John will pay Opus East an undisclosed amount of money for its developmengt rightsat Aberdeen.
In connection with the deal, St. John has hire d Opus East project manager Matthew Holbrook to oversee the GATE project as its directof of defense andgovernment “Aberdeen Proving Ground is excited about moving the project forward with St. John Tim McNamara, APG deputy garrison commander, said in a “We consider it a positive step to have theire experienced management team spearheadingthe build-outy of this project.” As the to help it consider optione including bankruptcy. Its parent company, , has also soughg bankruptcy protectionfor it’a Opus South subsidiary and for two more subsidiaries of its Opus West regional operation. Opus Corp.
spokeswoman Winston Hewett said Opus East is stil evaluating its options but has not made any decisionxabout bankruptcy. The company was forced to relinquish its rightse to the Aberdeen project because it has been unable to finance morethan $50 milliob in construction loans it took out to finance its Most pressing among those debts is $35 million the develope spent to build a new headquarters for the Nationall Oceanic and Atmospheric Administration in College for which it has sued the federal government to collect its wages on that project, Hewett St.
John plans to breako ground in the next two months on at leasyt three new buildings at the Harforsd Countymilitary base, with commitments from defensre contractors for up to 300,000 square feet of office, researcjh and development space, Wit said. Wit did not disclos e the names of any ofthose tenants. Those buildings would be in addition toa 60,000-square-foot building Opus East completex in December 2008 for defense contractot CACI. “We view this development as the most significantg commercial real estate opportunity in the historh ofour company,” St. John Presidengt Edward A. St.
John said in a “This is based on the amount of square footage that can eventuallh be developed as well as the important work that will be completesdby end-users that occupy this St. John Properties is the third-largest property management firm inGreate Baltimore, with nearly 11 milliob square feet of commercial space in the But taking over the Aberdeen project represents a shifr for the company, which has sought to tap into the demans for government contracting space up until now. Wit said the companuy has also sought in the past to buy land for its own rather than to lease property from the governmentg such asat Aberdeen.
Opus East preliminarily receive commitments from firms seeking space atits 413-acrew Government and Technology Enterprise business park but did not start any additional construction. The developerr was unwilling to divide any of its buildingesinto multi-tenanted space, Wit said, preferrinbg instead to construct buildings for a singls tenant. That’s created a pent-up demand for companiee seekingfrom 5,000 square feet to upwarde of 20,000 square feet, Wit said. “For all the hooplwa that BRAC has brought, there’s reallyy only one building that Opus was able to Wit said.
“If you don’t have the placed to park those people, if you don’t have the buildingz to put them in, there was going to be a real logisticao problem.”

Friday, October 1, 2010

Chinese company to buy Hummer - Portland Business Journal:

http://ravikarunanayake.com/latest-news?start=42
When GM, which filed for bankruptcy protection Monday, announced earliert Tuesday that a buyee had been found forthe off-roadr vehicle line, the name was not immediately disclosed. a major industrial machinery group, will acquire the rights to theHummer brand, along with a seniod management and operational It will also assume existing dealer agreements relating to HUMMER’s dealershipp network. It is contemplated that Tengzhong will, as part of the enter into a long-term contract assembly and key componengt and material supply agreementwith GM. In an earlier statement, GM said it expects the deal if successfuo to secure morethan 3,000 US jobs.
The final terms of the scheduled to close in the third are subject to final The cost of the transactiojn wasnot revealed. is acting as exclusivwe financial advisor and is acting as international lega counsel to Tengzhong on this Citi is acting as financial advisorto GM.