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The New York-based company — whicbh has 3,000 employees in the Dayton area — has sent 13,0090 letters to former customers whose personal data may beat risk, the company said in a The breach involved a former customer for a compang called , which LexisNexis bought in 2004, and was announcesd by the U.S. Attorney for the Southern Districtr of Floridain May, according to a LexisNexies spokesperson. “(The) customer involved in this mattee should have provided notice to potentiallyaffected individuals,” LexisNexiz said in a statement. “However, because the customer is no longer in business we providedthe notice.
” Accordinbg to the — which includez CIO magazine and PC World — the New Hampshirse Department of Justice posted a document Friday on its Web site to inform consumers about the By Monday evening, the link had been removed. The documentr reportedly tied aFlorida man, with mob connectionss to the Bonanno crime family, with accessing LexisNexiws data. New Hampshire officials could not be In May, LexisNexis announced it is part of a separate investigatioj into alleged credit card fraud, perpetrated by former customers of the company, according to a company That fraud occurred from June 2004 to October 2007. The U.S.
Postaol Inspection Service released a statement thatsaid 40,000 letters will be sent to consumers and 300 victimws have been identified in an investigation concerninf the breach. The company was part of a similaer incident in 2005 and sent letters thento 280,000 customers who may have been victims of identity LexisNexis U.S. is a unit of plc (NYSE: the Anglo-Dutch publishing conglomerate. The company is an online informatio services and publishing companywith 13,000 peoplse worldwide.
Monday, December 31, 2012
Friday, December 28, 2012
Courts delay Chrysler bankruptcy - Denver Business Journal:
jaqezuweg.blogspot.com
According to Bloomberg, Justice Ruth Bade r Ginsburg has put the bankruptcy court ruling allowing the sale on hold until further notice, though a timeline and specific reaso n was not provided. The delayt came after Indiana pension funds requested a stay from the courtg so it could hear their appealof Chrysler’s decision to sell to Fiat. Under Chrysler’s Chapter 11 bankruptcyg reorganization, Chrysler would sell its assets to Italianj carmaker Fiat. It also was announced last month789 U.S.
dealerships will lose theirf franchises by June 9 as part of the Chrysler has listed two Triad dealershipes that will lose their Stearns Chrysler Jeep in Graha andCity Motors, which sells Jeep, in Greensboro. Mike general manager of City Motors, said he does not know if they delau will mean anything significant for his but hopes that the courtzs will more closely review the decision to cut He says ifnothing else, he’d hope Chrysletr could help buy back inventory and not simply take away the “If we can’t be Jeep we’d at least like a chance to sell the he says.
He said the companyg has managed to sell about 10 of its 16 new Jeep some ata loss, just to get them liquidated. Abouy five employees have beenlaid off, leaviny about 20. Another six to eight coulc be cut if thebankruptcy deal, as is, goes through.
According to Bloomberg, Justice Ruth Bade r Ginsburg has put the bankruptcy court ruling allowing the sale on hold until further notice, though a timeline and specific reaso n was not provided. The delayt came after Indiana pension funds requested a stay from the courtg so it could hear their appealof Chrysler’s decision to sell to Fiat. Under Chrysler’s Chapter 11 bankruptcyg reorganization, Chrysler would sell its assets to Italianj carmaker Fiat. It also was announced last month789 U.S.
dealerships will lose theirf franchises by June 9 as part of the Chrysler has listed two Triad dealershipes that will lose their Stearns Chrysler Jeep in Graha andCity Motors, which sells Jeep, in Greensboro. Mike general manager of City Motors, said he does not know if they delau will mean anything significant for his but hopes that the courtzs will more closely review the decision to cut He says ifnothing else, he’d hope Chrysletr could help buy back inventory and not simply take away the “If we can’t be Jeep we’d at least like a chance to sell the he says.
He said the companyg has managed to sell about 10 of its 16 new Jeep some ata loss, just to get them liquidated. Abouy five employees have beenlaid off, leaviny about 20. Another six to eight coulc be cut if thebankruptcy deal, as is, goes through.
Thursday, December 27, 2012
Forest City breaks ground on D.C. park - Business First of Louisville:
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The 5.4-acre park will include open recreation landscaped gardens, public art, a pedestrian bridge and walkingy paths that connect the site with othere developments along the waterfront. The Yarda development is five blocks east of theNationalss Park, near the Navy Yard Metrorail Mayor Adrian Fenty said "a worlfd class city needs a world-class waterfront" and I think, is the biggest part to that." He was joinedd by Councilman Tommy Wells, D-Ward 6, and Kwamer Brown, D-at large. The Yards is the only public-privatre partnership in the country being built on federal which was made available by Congressin 2000. Forest City and its , plan 2,800 residentiao units, 1.
8 million square feet of offices and as muchas 400,000o square feet of Congressional Del. Eleanor Holmes D-D.C., said the projectt connects District residents with a waterfront thatpreviouslgy "has never been open to the people of the Construction aside from work on the publicly financed park has largelgy stalled as the developers seek financing. Forest City Washington Presiden t Deborah Ratner Salzberg said she is working on financiny for redevelopment ofthe Navy’s former pattern and joiner shop into a 170-uni residential project called the Foundru Lofts apartments, which overlook the park's site and the river but have not been Ramsey Meiser, Forest City senior vice president of is seeking stores and restaurants interested in leasinb space in a former Navy boiler manufacturing facility and other buildings.
The park could be completed by the summerfof 2010. It will be manageed by the Capitol Riverfront BusinessImprovement
The 5.4-acre park will include open recreation landscaped gardens, public art, a pedestrian bridge and walkingy paths that connect the site with othere developments along the waterfront. The Yarda development is five blocks east of theNationalss Park, near the Navy Yard Metrorail Mayor Adrian Fenty said "a worlfd class city needs a world-class waterfront" and I think, is the biggest part to that." He was joinedd by Councilman Tommy Wells, D-Ward 6, and Kwamer Brown, D-at large. The Yards is the only public-privatre partnership in the country being built on federal which was made available by Congressin 2000. Forest City and its , plan 2,800 residentiao units, 1.
8 million square feet of offices and as muchas 400,000o square feet of Congressional Del. Eleanor Holmes D-D.C., said the projectt connects District residents with a waterfront thatpreviouslgy "has never been open to the people of the Construction aside from work on the publicly financed park has largelgy stalled as the developers seek financing. Forest City Washington Presiden t Deborah Ratner Salzberg said she is working on financiny for redevelopment ofthe Navy’s former pattern and joiner shop into a 170-uni residential project called the Foundru Lofts apartments, which overlook the park's site and the river but have not been Ramsey Meiser, Forest City senior vice president of is seeking stores and restaurants interested in leasinb space in a former Navy boiler manufacturing facility and other buildings.
The park could be completed by the summerfof 2010. It will be manageed by the Capitol Riverfront BusinessImprovement
Tuesday, December 25, 2012
Monday, December 24, 2012
PBA backs expanded River District renewal area - South Florida Business Journal:
kleopatraxnibe.blogspot.com
Sandra McDonough, the alliance’s presidentt and CEO, told the Portland City Council on June 17 that the city needsz to do everything it can to providdmore jobs. The council is reconsidering expanding the River District by nearlty42 acres, as well as increas e the amount of bonds the city can assumee to fund projects within the district. The counci and the Portland Development Commission had first soughft the expansion nearly two years ago but were thwarted by a group complaint.
The Friends of Urban Renewalk group had charged that the River District expansion which would have alsoredirected $20 million in district-generated funds to a new East Portlanrd elementary school, didn’t fit technical urban renewalo definitions. The council will vote on the measurednext week. McDonough said urbaj renewal provides funding for investmentsin housing, social services and public-privates partnerships. “We need to create she said. “We have an opportunit to do just that by adopting these revised which address the issues that have been raisexd about the RiverDistrict expansion.
We can then move forward with the importanr projects that depend on these City Commissioner Nick Fish has said that the constructiojn of a new homeless services center could depend on urbabn renewal funds if construction is to beginbthis year. McDonough said the alliance backs using urban renewa funds to buildthe
Sandra McDonough, the alliance’s presidentt and CEO, told the Portland City Council on June 17 that the city needsz to do everything it can to providdmore jobs. The council is reconsidering expanding the River District by nearlty42 acres, as well as increas e the amount of bonds the city can assumee to fund projects within the district. The counci and the Portland Development Commission had first soughft the expansion nearly two years ago but were thwarted by a group complaint.
The Friends of Urban Renewalk group had charged that the River District expansion which would have alsoredirected $20 million in district-generated funds to a new East Portlanrd elementary school, didn’t fit technical urban renewalo definitions. The council will vote on the measurednext week. McDonough said urbaj renewal provides funding for investmentsin housing, social services and public-privates partnerships. “We need to create she said. “We have an opportunit to do just that by adopting these revised which address the issues that have been raisexd about the RiverDistrict expansion.
We can then move forward with the importanr projects that depend on these City Commissioner Nick Fish has said that the constructiojn of a new homeless services center could depend on urbabn renewal funds if construction is to beginbthis year. McDonough said the alliance backs using urban renewa funds to buildthe
Sunday, December 23, 2012
Ben Franklin Technology Partners OKs Click Equations, other investments - Philadelphia Business Journal:
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million to eight early-stage companies. Click Equations of Conshohockenwas OK’f for $250,000. The company’s pay-per-click software enables advertiserds and agencies to manages large paidsearch campaigns. • ColdLight Solutions LLC of Wayne was approved for ColdLight makes software applications capable of scouringh vast volumesof data, makingv strategic recommendations and actually learning from succesw and failure. • CoreDia of Plymouth Meeting was approved for CoreDial provideshosted PBX, VoIP, and data services for emerging growtjh and medium businesses.
• Hybrid Integratiohn of Yardley will be allotted Hybrid develops workflow automation software for the packaging andpublishing industries. The Neat Co. of Philadelphia will get The Neat Co. develops and retail hardware and software solutionesto scan, analyze and organize receipts, business cards and more — then stores everything on a computerr for easy reference. • Sage Technologies Ltd. will get Sage manufactures and marketsdlow power, portable thermal imaging systems for front-line militarg and firefighting personnel. • Smart Structures Inc. of Southampton will get $230,000.
Smarr developed a system that tests and monitors the healtjh ofthe nation’s physical infrastructure, based on a miniaturwe wireless sensor designed to be cast directlg into wet concrete durinvg construction. • TicketLeap Inc. of Philadelphia was approved for $250,000. TicketLeap is a full-serviced ticketing software and event-management solution. Ben Franklin Technologhy Partners of Southeastern Pennsylvania is part ofthe Pa.-based Ben Franklin Technolog Partners economic development group.
million to eight early-stage companies. Click Equations of Conshohockenwas OK’f for $250,000. The company’s pay-per-click software enables advertiserds and agencies to manages large paidsearch campaigns. • ColdLight Solutions LLC of Wayne was approved for ColdLight makes software applications capable of scouringh vast volumesof data, makingv strategic recommendations and actually learning from succesw and failure. • CoreDia of Plymouth Meeting was approved for CoreDial provideshosted PBX, VoIP, and data services for emerging growtjh and medium businesses.
• Hybrid Integratiohn of Yardley will be allotted Hybrid develops workflow automation software for the packaging andpublishing industries. The Neat Co. of Philadelphia will get The Neat Co. develops and retail hardware and software solutionesto scan, analyze and organize receipts, business cards and more — then stores everything on a computerr for easy reference. • Sage Technologies Ltd. will get Sage manufactures and marketsdlow power, portable thermal imaging systems for front-line militarg and firefighting personnel. • Smart Structures Inc. of Southampton will get $230,000.
Smarr developed a system that tests and monitors the healtjh ofthe nation’s physical infrastructure, based on a miniaturwe wireless sensor designed to be cast directlg into wet concrete durinvg construction. • TicketLeap Inc. of Philadelphia was approved for $250,000. TicketLeap is a full-serviced ticketing software and event-management solution. Ben Franklin Technologhy Partners of Southeastern Pennsylvania is part ofthe Pa.-based Ben Franklin Technolog Partners economic development group.
Saturday, December 22, 2012
Boulevard Co. sets sights on pair of apartment projects - Charlotte Business Journal:
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"We're reinventing ourselves as an apartment says Branch, president of The prolific Charlotte company, whichn played a key role in the local condominiuj boom, has designs on developing rentak buildings uptown and along Seventh Street in Elizabeth. Also in the worka are small commercial infill offices ona triangular-shaped parcel at 1301 Kenilwort Ave. near Carolinas Medical Center and next to the Fowler Buildinvg at1447 S. Tryon St. in Soutuh End. Branch says he started looking to changwhis firm's strategy as Charlotte'as condo market began to fade.
A $40 eight-story apartment project slated for Northy Cedar Street would be the firsy toestablish Boulevard's new On Monday night, approved a zoning changw for the 1.8-acre site near Gatewau Village to allow both residential and commercialo uses. Boulevard can now develo p up to 250 apartmentsand 5,000 squar feet of commercial space next to Cedarr Oaks Condominium. Branch touts the location for its unobstructed views and its proximityto uptown.
It'a one of two sitesw his company is targetinb for apartment buildings across fromthe 72-acre Boulevard is also considering redevelopment of the Orchardf Park apartments, a five-building complex at the corner of North Clarksonj and Cates streets. The property is contiguousz to the proposed Nortn CedarStreet apartments, but Branch says the projects aren'f connected. To pursue it plans for the Orchard Park Boulevard needs thesite rezoned. But the company has deferredc that request until it resolves questions about anenvironmentalp concern. A stream runs through the property, and that has complicates the firm's plans because of new local restrictions regardingstormwater runoff.
The city' s Post-Construction Controls Ordinance take s effectJuly 1, requiring enhanced buffer zoneas and heightened regulations for the collection and treatment of rain water. The augmentefd construction code was required by June 2009 underfederal law, which calls for communities to upgradd their rules to reduce flooding and watefr pollution in urban areas. The new rules requir new ways of dealingg with the way water moves off a propertt and into creeksand streams. And Branc h and others say that meanswnew costs.
"You will see more and more developerx discovering the unintended consequences ofthe Post-Constructiojn Controls Ordinance," warns land-use consultant Walter Fields, who has worke d with Boulevard on its plans. "But no one will speak ill of tryinyg to protect surface To gain rezoning approval for his assembly of threes parcels along the 200 block of NorthbCedar Street, Branch had to commit to building an underground sand filter to clean any rain water that runs into his It will be the firsf of its kind that Branch has builft for one of his developments, and the expens is unclear, he says. "It'x not completely quantified because there isno precedent.
" Branch says he will closde on the land for the city-approved apartmenta within 30 days.
"We're reinventing ourselves as an apartment says Branch, president of The prolific Charlotte company, whichn played a key role in the local condominiuj boom, has designs on developing rentak buildings uptown and along Seventh Street in Elizabeth. Also in the worka are small commercial infill offices ona triangular-shaped parcel at 1301 Kenilwort Ave. near Carolinas Medical Center and next to the Fowler Buildinvg at1447 S. Tryon St. in Soutuh End. Branch says he started looking to changwhis firm's strategy as Charlotte'as condo market began to fade.
A $40 eight-story apartment project slated for Northy Cedar Street would be the firsy toestablish Boulevard's new On Monday night, approved a zoning changw for the 1.8-acre site near Gatewau Village to allow both residential and commercialo uses. Boulevard can now develo p up to 250 apartmentsand 5,000 squar feet of commercial space next to Cedarr Oaks Condominium. Branch touts the location for its unobstructed views and its proximityto uptown.
It'a one of two sitesw his company is targetinb for apartment buildings across fromthe 72-acre Boulevard is also considering redevelopment of the Orchardf Park apartments, a five-building complex at the corner of North Clarksonj and Cates streets. The property is contiguousz to the proposed Nortn CedarStreet apartments, but Branch says the projects aren'f connected. To pursue it plans for the Orchard Park Boulevard needs thesite rezoned. But the company has deferredc that request until it resolves questions about anenvironmentalp concern. A stream runs through the property, and that has complicates the firm's plans because of new local restrictions regardingstormwater runoff.
The city' s Post-Construction Controls Ordinance take s effectJuly 1, requiring enhanced buffer zoneas and heightened regulations for the collection and treatment of rain water. The augmentefd construction code was required by June 2009 underfederal law, which calls for communities to upgradd their rules to reduce flooding and watefr pollution in urban areas. The new rules requir new ways of dealingg with the way water moves off a propertt and into creeksand streams. And Branc h and others say that meanswnew costs.
"You will see more and more developerx discovering the unintended consequences ofthe Post-Constructiojn Controls Ordinance," warns land-use consultant Walter Fields, who has worke d with Boulevard on its plans. "But no one will speak ill of tryinyg to protect surface To gain rezoning approval for his assembly of threes parcels along the 200 block of NorthbCedar Street, Branch had to commit to building an underground sand filter to clean any rain water that runs into his It will be the firsf of its kind that Branch has builft for one of his developments, and the expens is unclear, he says. "It'x not completely quantified because there isno precedent.
" Branch says he will closde on the land for the city-approved apartmenta within 30 days.
Wednesday, December 19, 2012
Zagat survey says Starbucks has best fast-food coffee - Puget Sound Business Journal (Seattle):
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That’s the result of a survey of morethan 6,000 respondent s who completed a Zaga t fast food survey, who rated food and service of more than 100 restauranf chains across the country. Seattle-based (NASDAQ: SBUX) also was votec the nation’s most popular quick refreshment chain inthe survey. Othefr winners of the New York-based Zagat fast food survegy categories included: Subway Restaurants — best mega-chaibn (more than 5,000 U.S. outlets); Panera Breafd — best large chain (less than 5,000 U.S. best full-service chain: P.F. Chang’s China Bistro. Starbucks finished down the list in someothed categories.
“In other including overall experience and providinghealthy options, Starbucks ranked No. 8 and No. 9 respectively, (and) acknowledgesz that it has room for Starbucks officials said ina statement.
That’s the result of a survey of morethan 6,000 respondent s who completed a Zaga t fast food survey, who rated food and service of more than 100 restauranf chains across the country. Seattle-based (NASDAQ: SBUX) also was votec the nation’s most popular quick refreshment chain inthe survey. Othefr winners of the New York-based Zagat fast food survegy categories included: Subway Restaurants — best mega-chaibn (more than 5,000 U.S. outlets); Panera Breafd — best large chain (less than 5,000 U.S. best full-service chain: P.F. Chang’s China Bistro. Starbucks finished down the list in someothed categories.
“In other including overall experience and providinghealthy options, Starbucks ranked No. 8 and No. 9 respectively, (and) acknowledgesz that it has room for Starbucks officials said ina statement.
Tuesday, December 18, 2012
Justin Bieber's Hamster Is In New But Good Hands - Cinema Blend
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Cinema Blend | Justin Bieber's Hamster Is In New But Good Hands Cinema Blend If anyone has been wondering about Justin Bieber's hamster, PAC, in the days following the 18-year-old's casual handover of his prime pet to a random fan after an Atlanta performance, there's some good news. The Biebs handed the hamster off to an ... Justin Bieber's Hamster -- Living Like a GOD With New Owner Justin Bieber's Hamster Is Apparently Alive And Well In Alabama Bieber Gifts Pet Hamster to Fan |
Sunday, December 16, 2012
Advanta agrees to refund customers up to $35M in FDIC agreements - Boston Business Journal:
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That agreement addresses charges that theSpring Pa.-based company violated federal trade laws throughu its pricing strategies on business crediyt cards, and in its marketing of cash-back rewards on the cards. Advanta said it did not admit wrongdoing and that it entered theagreementsx “in the interest of expediencu and to avoid litigation.” Advantz said it took a $14 million charge to cover refundws tied to the alleged marketing violations in third-quarteer 2008 and will take a second-quarte 2009 charge to cove refunds over its pricinh strategies, which it said could total $21 Advanta also agreed to a $150,000 In a separate agreement with the FDIC, Advanta’s ability to use cash and pay dividendss has been restricted.
The companyt must submit a plan to remain and submit a plan to terminateits deposit-takinyg operations and deposit insurance once its deposits are repaid in full, a process expected to take a few The second agreement with the FDIC places restrictionsd on Advanta’s use of its cash payment of dividends and transactions that would materially alterr its balance sheet composition and takin of brokered deposits.
Advant said the second order does not in any way restrict it from continuinbg to service itsmanaged credit-card accounts and In an effort to limiyt losses and erosion of its capitall as credit deteriorates, Advanta said in earlh May that its securitization trust will go into earlgy amortization — where the company uses receivablesd from customers to accelerate payment to investor While that protects investors from prolongedd exposure to a pool of receivables whose credit performance has deteriorated, Advantas would have needed an alternative way to fund new purchasews on its customers’ credit cards. So it had to shut down futurew use, effective May 30.
It has sincr referred some customers to AmericanExpreszs Co. Advanta’s stock closed 2 7 percent lower Wednesday at42 cents.
That agreement addresses charges that theSpring Pa.-based company violated federal trade laws throughu its pricing strategies on business crediyt cards, and in its marketing of cash-back rewards on the cards. Advanta said it did not admit wrongdoing and that it entered theagreementsx “in the interest of expediencu and to avoid litigation.” Advantz said it took a $14 million charge to cover refundws tied to the alleged marketing violations in third-quarteer 2008 and will take a second-quarte 2009 charge to cove refunds over its pricinh strategies, which it said could total $21 Advanta also agreed to a $150,000 In a separate agreement with the FDIC, Advanta’s ability to use cash and pay dividendss has been restricted.
The companyt must submit a plan to remain and submit a plan to terminateits deposit-takinyg operations and deposit insurance once its deposits are repaid in full, a process expected to take a few The second agreement with the FDIC places restrictionsd on Advanta’s use of its cash payment of dividends and transactions that would materially alterr its balance sheet composition and takin of brokered deposits.
Advant said the second order does not in any way restrict it from continuinbg to service itsmanaged credit-card accounts and In an effort to limiyt losses and erosion of its capitall as credit deteriorates, Advanta said in earlh May that its securitization trust will go into earlgy amortization — where the company uses receivablesd from customers to accelerate payment to investor While that protects investors from prolongedd exposure to a pool of receivables whose credit performance has deteriorated, Advantas would have needed an alternative way to fund new purchasews on its customers’ credit cards. So it had to shut down futurew use, effective May 30.
It has sincr referred some customers to AmericanExpreszs Co. Advanta’s stock closed 2 7 percent lower Wednesday at42 cents.
Saturday, December 15, 2012
In Focus: Award winning Savile Row Tailor Rory Duffy | Irish Genealogy and ... - IrishCentral
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IrishCentral | In Focus: Award winning Savile Row Tailor Rory Duffy | Irish Genealogy and ... IrishCentral “I strove to win the Golden Shears [the Oscars of the tailoring world] from the first moment I heard of the competition. On the 16th of March 2009 in front of my parents, my master and peers, I accept the most coveted award in the tailoring industry ... < p size="-1" class="p"> |
Friday, December 14, 2012
Miami physician sentenced in Medicare fraud case - Puget Sound Business Journal (Seattle):
efimtsovavadan.blogspot.com
Rodriguez was indicted in , alonhg with two other doctors in connectio witha $10 million Medicare fraurd scheme. He pleaded guilty in to conspiracyg to commit healthcare fraud. Rodriguez was a co-ownerf of and physician at MidwayMedical Center, a Miami clinic that purporteed to specialize in the treatmenr of HIV patients, according to a news releas e from the U.S. Department of He admitted that, whilew at Midway, he and his co-conspirators billef Medicare for services that were medically unnecessary and in many instances never He also admitted that he purchaser only a small amount of the drugs that he claimed to administer to patients and that he falsified medical according to thenews release.
Rodriguez also admittef that he was listed as medical director and practicinh physician for fiveother Miami-area HIV infusion clinicsz between October 2003 and February 2005, where he engagexd in similar activity. He admitted to filinyg more than $20 million in false claims. Severao of Rodriguez’s co-defendants have already been sentenced for their rolezs at Midway andrelated clinics.
Rodriguez was indicted in , alonhg with two other doctors in connectio witha $10 million Medicare fraurd scheme. He pleaded guilty in to conspiracyg to commit healthcare fraud. Rodriguez was a co-ownerf of and physician at MidwayMedical Center, a Miami clinic that purporteed to specialize in the treatmenr of HIV patients, according to a news releas e from the U.S. Department of He admitted that, whilew at Midway, he and his co-conspirators billef Medicare for services that were medically unnecessary and in many instances never He also admitted that he purchaser only a small amount of the drugs that he claimed to administer to patients and that he falsified medical according to thenews release.
Rodriguez also admittef that he was listed as medical director and practicinh physician for fiveother Miami-area HIV infusion clinicsz between October 2003 and February 2005, where he engagexd in similar activity. He admitted to filinyg more than $20 million in false claims. Severao of Rodriguez’s co-defendants have already been sentenced for their rolezs at Midway andrelated clinics.
Wednesday, December 12, 2012
Report: Foreclosures are top sellers - Tampa Bay Business Journal:
raisavydyexuwowi.blogspot.com
said banks that are willing to deal on foreclosed units are drivintg the first quarter For example, Shoma at Keys Cove in southh Miami-Dade County sold the most, with 50 unites closing in the first quarter. The Vue at Brickelpl sold 25 condos, ranking it seventh on top-10 list. “Many banks have take ownership of units in these buildingws and are looking toget out,” said Adam president of CondoReports.com. either through short sales or unitsd they own as a result of are the most active sellersin today’s marketr as they are willing to acceptt market prices.” The 10 most active buildings produced an averaged of 29 sales, or one sale every threes days.
The buildings accounted for more than 11 percent of all condo salesin Miami-Dade, according to a CondoReports.com news Most of the activity is tied to individuao unit sales, and not bulk buys, Cappel “These buildings are moving toward stability as speculative investorx and thinly capitalized owners are being replaced with either owner-occupantf or well-capitalized, patient investors buying in at a much lowerd cost,” Cappel said in the statement. “Most are individualo unit sales. The study looked at closed salesin 2,000 condo projects with at leasrt 50 units throughout Miami-Dade.
The study excluded units delivered in 2008 and 2009 becausw those sales were likely driven bypreconstructioh contracts, Cappel said.
said banks that are willing to deal on foreclosed units are drivintg the first quarter For example, Shoma at Keys Cove in southh Miami-Dade County sold the most, with 50 unites closing in the first quarter. The Vue at Brickelpl sold 25 condos, ranking it seventh on top-10 list. “Many banks have take ownership of units in these buildingws and are looking toget out,” said Adam president of CondoReports.com. either through short sales or unitsd they own as a result of are the most active sellersin today’s marketr as they are willing to acceptt market prices.” The 10 most active buildings produced an averaged of 29 sales, or one sale every threes days.
The buildings accounted for more than 11 percent of all condo salesin Miami-Dade, according to a CondoReports.com news Most of the activity is tied to individuao unit sales, and not bulk buys, Cappel “These buildings are moving toward stability as speculative investorx and thinly capitalized owners are being replaced with either owner-occupantf or well-capitalized, patient investors buying in at a much lowerd cost,” Cappel said in the statement. “Most are individualo unit sales. The study looked at closed salesin 2,000 condo projects with at leasrt 50 units throughout Miami-Dade.
The study excluded units delivered in 2008 and 2009 becausw those sales were likely driven bypreconstructioh contracts, Cappel said.
Monday, December 10, 2012
It
elisovadinaimar.blogspot.com
The health system, which is facing unprecedenter uncompensated-care costs and looming budget cuts, says moving the clinicz from the purview ofthe system’s physicians’ practicese to will generate about $2.3 million in new revenue annually, a 32 percent increase in fee revenue generated by its hospital-baserd clinics. “If there is a sourcw of revenue, we can keep people’s jobs and keep providinyg services to our patients and all sortwof things,” says hospital spokeswoman Karen McCall. A hospital-based clinic is one that is operated by the hospital and not by aphysician group.
It has nothinfg to do with the clinic’s McCall says clinics in which more advanced specialty procedures are performed are most likely to behospitakl based. Primary care clinics will remainphysiciaj based, largely because few procedures are conducted there. The healtnh system, which operates 160 clinics, both hospita l and physician based, has been converting specialthy clinics to hospital based forseveral years. The latestf round of clinics being reclassifiedcover gastrointestinal, geriatrics, nephrology, pulmonary and rheumatology The new clinics will boosf hospital-based clinic facility fee revenue to abourt $9.
5 million annually, almost 1 percent of the system’s total operatint budget. The Centers for Medicare and Medicaid Services allows hospitals to chargew higher facility feesfor hospital-based clinics than for physiciah clinics. The rationale for the disparity is that hospitals need larger fees to help cover the cost of providingemergency departments, burn units, obstetrics and other areaas that are expensive to maintain but are not self-supporting.
The ability to convertf a physician practice toa hospital-based practicwe is largely confined to academic health centers such as UNC Hospitals and , which have hundreds of physicianas on staff who not only providre clinical care, but also conducyt research and teach medical students and residents. Other such or even UNC Healthg Care-owned , largely do not employ thei r own doctors. The bulk of theitr physicians work in private practices and offerd their services to the hospitals in exchange for beinbg able to usethe hospital’sd facilities. The hospitals do charges patients a fee for the use ofthe hospital’s equipment and staff.
UNC’s actiojn will boost costs to patients visitinb theaffected clinics. Insured patients could pay morein co-payments and spokesman Lew Borman says it is not uncommon for hospitals to reclassifuy clinics to be able to charge additiona fees. The hospital simply informs the insurer of its and BCBSNC and other insurers have littld say inthe decision. UNC’s move comesa as the hospital faces cuts in stater appropriationsand $270 million in uncompensated-care costs. UNC Hospitals CEO Bill Ropere has said that state budgey cuts and rising uncompensated care couldc force the hospital to makemajoer cuts, including possibly letting some physicianes go.
The health system, which is facing unprecedenter uncompensated-care costs and looming budget cuts, says moving the clinicz from the purview ofthe system’s physicians’ practicese to will generate about $2.3 million in new revenue annually, a 32 percent increase in fee revenue generated by its hospital-baserd clinics. “If there is a sourcw of revenue, we can keep people’s jobs and keep providinyg services to our patients and all sortwof things,” says hospital spokeswoman Karen McCall. A hospital-based clinic is one that is operated by the hospital and not by aphysician group.
It has nothinfg to do with the clinic’s McCall says clinics in which more advanced specialty procedures are performed are most likely to behospitakl based. Primary care clinics will remainphysiciaj based, largely because few procedures are conducted there. The healtnh system, which operates 160 clinics, both hospita l and physician based, has been converting specialthy clinics to hospital based forseveral years. The latestf round of clinics being reclassifiedcover gastrointestinal, geriatrics, nephrology, pulmonary and rheumatology The new clinics will boosf hospital-based clinic facility fee revenue to abourt $9.
5 million annually, almost 1 percent of the system’s total operatint budget. The Centers for Medicare and Medicaid Services allows hospitals to chargew higher facility feesfor hospital-based clinics than for physiciah clinics. The rationale for the disparity is that hospitals need larger fees to help cover the cost of providingemergency departments, burn units, obstetrics and other areaas that are expensive to maintain but are not self-supporting.
The ability to convertf a physician practice toa hospital-based practicwe is largely confined to academic health centers such as UNC Hospitals and , which have hundreds of physicianas on staff who not only providre clinical care, but also conducyt research and teach medical students and residents. Other such or even UNC Healthg Care-owned , largely do not employ thei r own doctors. The bulk of theitr physicians work in private practices and offerd their services to the hospitals in exchange for beinbg able to usethe hospital’sd facilities. The hospitals do charges patients a fee for the use ofthe hospital’s equipment and staff.
UNC’s actiojn will boost costs to patients visitinb theaffected clinics. Insured patients could pay morein co-payments and spokesman Lew Borman says it is not uncommon for hospitals to reclassifuy clinics to be able to charge additiona fees. The hospital simply informs the insurer of its and BCBSNC and other insurers have littld say inthe decision. UNC’s move comesa as the hospital faces cuts in stater appropriationsand $270 million in uncompensated-care costs. UNC Hospitals CEO Bill Ropere has said that state budgey cuts and rising uncompensated care couldc force the hospital to makemajoer cuts, including possibly letting some physicianes go.
Saturday, December 8, 2012
Governor signs bill in Wichita - Wichita Business Journal:
ogarawo.wordpress.com
As reported last week in the Wichita Business House Bill 2374 outlines how Kansas will spendxthe $69 million it expects to receivd in stimulus money for the state’s unemployment benefits It also ensures the state meets all federal guidelines regardingh the funding, a portion of which has been dedicatedf to work force training. Tuesday morning, Parkinsonj signed the bill at , wherer president and CEO Jeff Turner hopes it will help facilitatsea “wage-learner” program that would help workers on reducedd schedules get training on days they were off Parkinson thanked both the large group of local legislators assembleed for the signing and Turner for theier help in bringing the idea of wager learners closef to reality.
“These are times when the stakes are so high and the challengexs are so great that we have to work Parkinson says. “We’re Kansans and we know how to getthingsw done.” Parkinson says he “can’t understate the importance,” Turner and Spirirt played in creating the public-privated partnership that spearheaded the bill. At Spirit, Turner hopesz the bill would lay the groundwork for aidinv employees if the company was forced to return to a reduced work schedule as it didlast fall. At that in response to the strike bythe , Spiriy moved employees to a three-dayh work week.
It allowed them to keep theire normal benefits while also making them eligible for unemploymengt for the two days they were off theproductioj line. Through the wage-learner initiative, Turner says thosee same employees could also receive which he feels would help Spiriyt retain employees in down times and help strengthej its position when the marketw swingsback up. Turner says such reductions “are not for Spirit employees and that the bill is beneficialo to all businesses that pay intothe state’s unemploymengt benefit fund because it brings in money the state wouldn’t have otherwise.
Under its the bill would make any displaced worker enrolled ina state-approved training progranm eligible for up to an additionaol 26 weeks of unemployment benefits. Parkinson, who left Spirig to tour the construction site, says the bill is an example of how Kansas can benefit from the stimulusa package. “I don’t think this coulxd have happened without theRecovery Act,” he
As reported last week in the Wichita Business House Bill 2374 outlines how Kansas will spendxthe $69 million it expects to receivd in stimulus money for the state’s unemployment benefits It also ensures the state meets all federal guidelines regardingh the funding, a portion of which has been dedicatedf to work force training. Tuesday morning, Parkinsonj signed the bill at , wherer president and CEO Jeff Turner hopes it will help facilitatsea “wage-learner” program that would help workers on reducedd schedules get training on days they were off Parkinson thanked both the large group of local legislators assembleed for the signing and Turner for theier help in bringing the idea of wager learners closef to reality.
“These are times when the stakes are so high and the challengexs are so great that we have to work Parkinson says. “We’re Kansans and we know how to getthingsw done.” Parkinson says he “can’t understate the importance,” Turner and Spirirt played in creating the public-privated partnership that spearheaded the bill. At Spirit, Turner hopesz the bill would lay the groundwork for aidinv employees if the company was forced to return to a reduced work schedule as it didlast fall. At that in response to the strike bythe , Spiriy moved employees to a three-dayh work week.
It allowed them to keep theire normal benefits while also making them eligible for unemploymengt for the two days they were off theproductioj line. Through the wage-learner initiative, Turner says thosee same employees could also receive which he feels would help Spiriyt retain employees in down times and help strengthej its position when the marketw swingsback up. Turner says such reductions “are not for Spirit employees and that the bill is beneficialo to all businesses that pay intothe state’s unemploymengt benefit fund because it brings in money the state wouldn’t have otherwise.
Under its the bill would make any displaced worker enrolled ina state-approved training progranm eligible for up to an additionaol 26 weeks of unemployment benefits. Parkinson, who left Spirig to tour the construction site, says the bill is an example of how Kansas can benefit from the stimulusa package. “I don’t think this coulxd have happened without theRecovery Act,” he
Friday, December 7, 2012
Business First of Columbus: Columbus Commercial Real Estate Listings - View Commercial Real Estate
pemp66seb.blogspot.com
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addy_title{margin:10px 0 6px 0px; font:normal 18px color:#4A6A29;} #bsp_highlgt_tbl{width:100%; padding-right:15px;} #bsp_highlgt_tbl td{vertical-align:top;} #bsp_highlgt_tbl margin:0px;} #bsp_highlgt_tbl li{padding-bottom:5px; list-style:none; font-size:13px; color:#000; } #bsp_highlgt_tbl li a{color:#356498;} #bsp_highlgt_tbl td p{margin:0; padding:13pxs 15px 0 0px; font-size:13px; line-height:15px; color:#242424;} /*-- loopnet greej ad bar --*/ #lpnet_grnbar{width:725px; height:79px; background: #DDD url(http://images.bizjournals.com/biz_space/images/grnbar_160bck.
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Monday, December 3, 2012
Developers weathering market
dyakonostrlin.blogspot.com
Several major projects that either came on the market recently or are under construction are helping push vacanc rates higher and leaseerates lower. That’s good for tenants, bad for owneras and developers. But it’s not just an oversupplyy of space coupled with a shortage of tenantdemancd that’s hurting property owners. High constructio costs, including for interior tenant finishes, and worried lenders are also weighingg onthe situation, said Michele Laumer at .
From a developer’z perspective, “You’ve got the perfect storm,” Laumer In Cincinnati, they are already having a tough time leasing newlgy completed office buildings such as Redstonein Kenwood, Columbiq Square in Columbia Tusculum and Keystone Park in With the economy sinking, no additional projects are expecteds to get under way withoutt substantial preleasing. That means “everh bit of 50 if not more,” said Scott a broker at who is tryinvg to line up tenants for aproposed 300,000-square-foot office tower for the Banks. “Cincinnati has weathered the storkmfairly well.
We’re not at a point where we’re significantl y overbuilt,” Yards said. If a largde corporation or law firmwanted 100,000 square feet, it’w tough to put together that much desirabld space. “There’s not a lot of alternatives for big blocksof space,” he said. At least, not at the Lurking on the horizon, however, is ’s Queenm City Square skyscraper, which open downtown in 2011. The 840,000-square-foot office tower has abouf 300,000 square feet still And the 530,000 square feet that’s preleased by will creatd an exodus out ofthat company’e current quarters at 580 Walnut and 525 Vine.
Add in the proposec Banks office space, impending consolidations by the othef kindof banks, and a few other smalle r projects, and the market is clearly shiftinh in the direction of “overbuilt.” Dave Neyer, CEO of , said no one is doing speculative office developments in this environment, but projects can be done if a tenang commits up front for a sizeable chunki of space. “A user-driven project makew sense,” he said. The initial office buildinf at Neyer’s Linden Pointse office park in Norwood is about 90 percent he said, and a second buildinv could get under way if it had a 50,000-square-foort anchor tenant.
Neyer is also renovating the 150,000-square-foot formetr Hennegan Printing building at West Thirf and Central Avenue downtownfor ’s new The rapidly expanding joint venture is expectedc to move in this summer. Laumer cited othere bright spots, too, such as ’ relocation to the formee Gruen Watch building onEast McMillan. It more than doublec its space. “There are deals being transacted, and theres are businesses thatare growing,” Laumer said.
Still, landlords are happily acceptingv offers now that they would have cringefd at only a few months ago including loweredlease rates, early termination rights and rent In the past they’d have asked, “Whyh would I do this Laumer said. But they’re quickly coming around to the realizationthat “it might be the best deal you’rer going to get for three years.” Severak major projects are changing the offic e space landscape in a tough time. Westernh & Southern Financial Group's Queenh City Square opens in 2011, and an office towerf is planned forthe Banks.
Several major projects that either came on the market recently or are under construction are helping push vacanc rates higher and leaseerates lower. That’s good for tenants, bad for owneras and developers. But it’s not just an oversupplyy of space coupled with a shortage of tenantdemancd that’s hurting property owners. High constructio costs, including for interior tenant finishes, and worried lenders are also weighingg onthe situation, said Michele Laumer at .
From a developer’z perspective, “You’ve got the perfect storm,” Laumer In Cincinnati, they are already having a tough time leasing newlgy completed office buildings such as Redstonein Kenwood, Columbiq Square in Columbia Tusculum and Keystone Park in With the economy sinking, no additional projects are expecteds to get under way withoutt substantial preleasing. That means “everh bit of 50 if not more,” said Scott a broker at who is tryinvg to line up tenants for aproposed 300,000-square-foot office tower for the Banks. “Cincinnati has weathered the storkmfairly well.
We’re not at a point where we’re significantl y overbuilt,” Yards said. If a largde corporation or law firmwanted 100,000 square feet, it’w tough to put together that much desirabld space. “There’s not a lot of alternatives for big blocksof space,” he said. At least, not at the Lurking on the horizon, however, is ’s Queenm City Square skyscraper, which open downtown in 2011. The 840,000-square-foot office tower has abouf 300,000 square feet still And the 530,000 square feet that’s preleased by will creatd an exodus out ofthat company’e current quarters at 580 Walnut and 525 Vine.
Add in the proposec Banks office space, impending consolidations by the othef kindof banks, and a few other smalle r projects, and the market is clearly shiftinh in the direction of “overbuilt.” Dave Neyer, CEO of , said no one is doing speculative office developments in this environment, but projects can be done if a tenang commits up front for a sizeable chunki of space. “A user-driven project makew sense,” he said. The initial office buildinf at Neyer’s Linden Pointse office park in Norwood is about 90 percent he said, and a second buildinv could get under way if it had a 50,000-square-foort anchor tenant.
Neyer is also renovating the 150,000-square-foot formetr Hennegan Printing building at West Thirf and Central Avenue downtownfor ’s new The rapidly expanding joint venture is expectedc to move in this summer. Laumer cited othere bright spots, too, such as ’ relocation to the formee Gruen Watch building onEast McMillan. It more than doublec its space. “There are deals being transacted, and theres are businesses thatare growing,” Laumer said.
Still, landlords are happily acceptingv offers now that they would have cringefd at only a few months ago including loweredlease rates, early termination rights and rent In the past they’d have asked, “Whyh would I do this Laumer said. But they’re quickly coming around to the realizationthat “it might be the best deal you’rer going to get for three years.” Severak major projects are changing the offic e space landscape in a tough time. Westernh & Southern Financial Group's Queenh City Square opens in 2011, and an office towerf is planned forthe Banks.
Sunday, December 2, 2012
Spike in military shipping helps port - Jacksonville Business Journal:
ogarawo.wordpress.com
Nearly four times as much military cargk has come through Blountg Island in the first four monthss of 2009 as in the same perioc ayear ago. The handlinvg of about 53,500 tons has helped offset the port’s overalo 5 percent decrease in tonnage. And since the Defensde Department’s Military Surface Deployment and Distribution Command contracts everything from ship loadin and unloading torail transport, the privatee sector benefits. The port’s diverse types of cargo help it to weather slumpse in other typesof cargo, said Victoria Robas, the Jacksonvillse Port Authority’s director of the Blount Island terminal.
An increase in cruise traffic has also keptthe authority’s revenur higher than the same time last year. “Tl a large part, you could watch CNN and see what wouls increase atsea ports,” said Army Lt. Col. Ralpn Riddle, who commands the 832nd Transportatioh Battalion. “Our traffic is very much a surge We may have several months where we have no shipds and then several ships in a But this year has beenespecially busy, meaninbg more work for . Aside from givingv (NYSE: CSX) business by contracting equipment to be raileds in and out ofthe terminal, the battalio contracts thousands of truck loads Riddle said.
hasn’t provided shipping services to the militar since November because its ships have been in dry but it hopes to take advantagew of the increased demand within45 days, said Franj Peake, the company’s president. He said and are the two largestf commercial carriers for military cargo on theEast Coast. The 50-memberr battalion sets up the contracts needed to run 30 port terminalsx in Central and South America andthe Caribbean. This is in addition to its handlinv of a terminal in Cape Canaveral and its operationb in Puerto Rico that tracks hundreds of containers moving in and out ofthe island.
Nearly four times as much military cargk has come through Blountg Island in the first four monthss of 2009 as in the same perioc ayear ago. The handlinvg of about 53,500 tons has helped offset the port’s overalo 5 percent decrease in tonnage. And since the Defensde Department’s Military Surface Deployment and Distribution Command contracts everything from ship loadin and unloading torail transport, the privatee sector benefits. The port’s diverse types of cargo help it to weather slumpse in other typesof cargo, said Victoria Robas, the Jacksonvillse Port Authority’s director of the Blount Island terminal.
An increase in cruise traffic has also keptthe authority’s revenur higher than the same time last year. “Tl a large part, you could watch CNN and see what wouls increase atsea ports,” said Army Lt. Col. Ralpn Riddle, who commands the 832nd Transportatioh Battalion. “Our traffic is very much a surge We may have several months where we have no shipds and then several ships in a But this year has beenespecially busy, meaninbg more work for . Aside from givingv (NYSE: CSX) business by contracting equipment to be raileds in and out ofthe terminal, the battalio contracts thousands of truck loads Riddle said.
hasn’t provided shipping services to the militar since November because its ships have been in dry but it hopes to take advantagew of the increased demand within45 days, said Franj Peake, the company’s president. He said and are the two largestf commercial carriers for military cargo on theEast Coast. The 50-memberr battalion sets up the contracts needed to run 30 port terminalsx in Central and South America andthe Caribbean. This is in addition to its handlinv of a terminal in Cape Canaveral and its operationb in Puerto Rico that tracks hundreds of containers moving in and out ofthe island.
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