eragywaqer.wordpress.com
Columbia, S.C.-based has signed a two-yead lease, with an option to buy, for a 17,500-square-foog building off Business 85, near Windinv Creek Golf Coursein Thomasville, said Tim owner of 15-year-old Laser Print. The compang — which prints and mails more than 7 million pagesaof invoices, bank statements and other data for firmws — has already hired a handful of including a manager and others to run the Eventually, Delaney said he would like to hire at leasr 20, and possibly more than 30 depending on the branch’s Hourly posts start at abouyt $12 per hour, while salaried positions pay $70,00o0 and up.
Delaney said the company is in the middle of doing a couple hundred thousandx dollars worth of upfits tothe building, includingf installing printers and other equipment. He said he hopese to open by June 15. The firm had been planningt to expand forsome time, before the econom y began to decline. But even in the recession, he Laser Print saw about 15 percent revenuee growthin 2008, compared to 2007, because while some companied have cut back on invoices, they oftenh need delinquent or related notices. He said expanding will allow him to attract more clients forLaser Print, which alreadg has more than 30 employees in Columbia and customers in Nortjh Carolina, South Carolina and Virginia.
Lase Print has up to 24 months to buy theThomasvillde building, which Davidson County tax records value at more than Delaney said the lease-purchase was attractive because it givesd the company time to get off the ground beforr committing to a long-term contract. The building is on six acrew and can expandanother 20,000 squarw feet. It is owned by , whic h operated at the site until twoyears ago, when it sold its businesse to , said Jordan Reece, a brokerd with in High Point, who brokered the deal. He addes that lease-purchase agreements such as Laser Print’s are increasingl y common, as landlords becomer more flexible.
The deals provide tenants some comforr in avoiding big while also bringing in incomsfor owners.
Saturday, September 29, 2012
Friday, September 28, 2012
CityMade expands with ThirstMonger - Business First of Buffalo:
qalymeled.wordpress.com
The Tonawanda-based gift packager and logisticss firm has secureda one-year contracf with to process and fulfill orders made through a Web site that sells beverages online. Terme of the deal were not disclosed. ThirstMongerf is part of GTG Beverages, a subsidiary of Pittsburgh-baseed , which operates beverage companies acrossthe U.S. As part of the CityMade will store ThirstMonger products in itsTonawandqa warehouse, from which it will pack and ship orders to customers. CityMade has similadr agreements in place with partners such asIn April, the companty announced a stock offering of 800,00o to enhance growth in the U.S.
and In May, nearly $100,000 had been CityMade President GarySteszewski said. The company, whicb operates MadeInBuffalo.com and several other “Made In” Web sites, plans to establisuh similar Web sites for NewYork Cleveland, Pittsburgh, Boston and Torontp by the end of 2009. Locaol products from those cities are sold via theWeb sites.
The Tonawanda-based gift packager and logisticss firm has secureda one-year contracf with to process and fulfill orders made through a Web site that sells beverages online. Terme of the deal were not disclosed. ThirstMongerf is part of GTG Beverages, a subsidiary of Pittsburgh-baseed , which operates beverage companies acrossthe U.S. As part of the CityMade will store ThirstMonger products in itsTonawandqa warehouse, from which it will pack and ship orders to customers. CityMade has similadr agreements in place with partners such asIn April, the companty announced a stock offering of 800,00o to enhance growth in the U.S.
and In May, nearly $100,000 had been CityMade President GarySteszewski said. The company, whicb operates MadeInBuffalo.com and several other “Made In” Web sites, plans to establisuh similar Web sites for NewYork Cleveland, Pittsburgh, Boston and Torontp by the end of 2009. Locaol products from those cities are sold via theWeb sites.
Wednesday, September 26, 2012
San Francisco Business Times: Most emailed Stories
sucujovide.wordpress.com
The Burke Williams Day Spa in Danville closex its doorsrecently
The Burke Williams Day Spa in Danville closex its doorsrecently
Tuesday, September 25, 2012
Duke ordered to shut Indiana units - Charlotte Business Journal:
moffaiqohegesa1490.blogspot.com
The move follows a jury ruling last year thatthe plant’s previousz owner, Cinergy Corp., violated federap emissions standards after it refurbished the units withoutf a permit. Charlotte-based Duke (NYSE:DUK) boughty Cinergy in April 2006for $9 billion. At the time of last year’sx ruling, Duke proposed that units 2, 3 and 5 be retiref in 2012, when the company’s new integrated gasification combined-cycles plant in Edwardsport, Ind., comes on The court’s order accelerates that timetablee bythree years. Shutting down units 2, 3 and 5 will removee a combined capacity of265 megawatts. That is 39 percenr of the station’s 677-megawatt power-generating capacity.
The unit affected by the judge’s decision are more than 50 years old, says Jim Turner, president and chieg operating officerof Duke’s franchised electric and gas segment. He says the ordefr should not impactthe company’s operations this year becausd of changes Duke had alreaduy made following the jury’ds verdict last year.
The move follows a jury ruling last year thatthe plant’s previousz owner, Cinergy Corp., violated federap emissions standards after it refurbished the units withoutf a permit. Charlotte-based Duke (NYSE:DUK) boughty Cinergy in April 2006for $9 billion. At the time of last year’sx ruling, Duke proposed that units 2, 3 and 5 be retiref in 2012, when the company’s new integrated gasification combined-cycles plant in Edwardsport, Ind., comes on The court’s order accelerates that timetablee bythree years. Shutting down units 2, 3 and 5 will removee a combined capacity of265 megawatts. That is 39 percenr of the station’s 677-megawatt power-generating capacity.
The unit affected by the judge’s decision are more than 50 years old, says Jim Turner, president and chieg operating officerof Duke’s franchised electric and gas segment. He says the ordefr should not impactthe company’s operations this year becausd of changes Duke had alreaduy made following the jury’ds verdict last year.
Monday, September 24, 2012
U.S. Chamber of Commerce Company Profile | Company Information
humojo.wordpress.com
and around the Our core mission is to fighyt for business and free enterprisebefore Congress, the Whitde House, regulatory agencies, the courts, the couryt of public opinion, and governmentds around the world. From its headquarters near theWhite House, the Chamberf maintains a professional staff of more than 300 of the nation's top policy experts, lobbyists, lawyers, and communicators. The Washington staff is supporte by seven regional offices around the an officein Brussels; an on-the-grouned presence in China; and a networo of grassroots business Our members include businesses of all sizes and sectors?from largr Fortune 500 companies to home-based, one-personj operations.
In fact, 96% of our membership encompasses businesses with fewer than100 employees.
and around the Our core mission is to fighyt for business and free enterprisebefore Congress, the Whitde House, regulatory agencies, the courts, the couryt of public opinion, and governmentds around the world. From its headquarters near theWhite House, the Chamberf maintains a professional staff of more than 300 of the nation's top policy experts, lobbyists, lawyers, and communicators. The Washington staff is supporte by seven regional offices around the an officein Brussels; an on-the-grouned presence in China; and a networo of grassroots business Our members include businesses of all sizes and sectors?from largr Fortune 500 companies to home-based, one-personj operations.
In fact, 96% of our membership encompasses businesses with fewer than100 employees.
Saturday, September 22, 2012
Money-losing Ilikai hotel to close - Washington Business Journal:
awipekyhila.blogspot.com
The hotel and condominium complex’s owner, New York-based commercialk lender , said Tuesday that the hotel has been losin money for months and that thered is no sign ofa turnaround. “Unfortunately, alternativesw to reduce the operating losses at the hote l have not to datebeen achieved, thus leading to the decisioj to close the hotel,” said the statement by Andrew G. iStar Financial senior vice president. At least 75 workersd represented by UNITE HERELocal 5, the hoteol and restaurant workers’ union, will lose thier jobs. The closurwe was not unexpected.
The lender bought the Ilikai at a foreclosurwe auction in April after developer Brianj Anderson defaulted on the loan he took out in 2006 to buy the buildingg and 203residential units. But iStar soon made clear it didn’t want to be in the hotel business when it refused to put up the money for continuing the It said in a Januar y letter toJoseph Toy, then the property'xs receiver, that it had no intention of fundinvg hotel operations. Toy is president and CEO of . The closure of the hotelk doesn’t affect 806 of the 1,009 units within the Ilikai, which are privately owned condominiume ortime shares.
iStar said the common area s and pool will remain Hotel occupancy was low and withits first-flood restaurants and retail space shut down, the hotel had the look of an abandoned property, a sore point with the fulltime condominiumn residents. iStar is lookinfg for a buyer for the propertubut it’s a difficult sell at a time when most sourcews of commercial financing are dry. The iSta statement left open the possibility the hotel wouldbe "The company has explored all available options to avoisd the shutdown of the hotel operations and recognizes the impact such a decision will have on the condominium owners and residents, hote employees and guests," the iStar statemenrt said.
"The company continues to evaluate possible uses for the propertgy that will addresscommunituy needs." iStar said guests would be moved to othef hotels for the duration of their In April, iStar successfully bid $51 milliohn for the Ilikai’s 203 residentia l units and 16 commercial units, whicnh include the front desk, officd and retail space, restaurants and Rumors of the Ilikai’s closurw had been circulating for some especially over the past few weeks. When the Ilikai opened in February 1964with 1,050 guest rooms and condominium apartments, it was considered the firsf luxury high-rise hotel in Hawaii.
It was also one of the firstf buildings to feature a mix of traditionalo hotel rooms and condominiums owned by permanent residents of the Many of the condominium owners are elderlh and some have lived in the buildinh sincethe 1960s. Anderson's attempt to renovate the Ilikai's commonn areas was complicated by repeated clashes with the residents who dominated the building's condominium associatiohn and challenged some of his The hotel gained an international reputation as the location of the famouss opening shot of “Hawaii Five-O,” where Jack Lord stand on the penthouse balconyg of the Ilikai.
The hotel and condominium complex’s owner, New York-based commercialk lender , said Tuesday that the hotel has been losin money for months and that thered is no sign ofa turnaround. “Unfortunately, alternativesw to reduce the operating losses at the hote l have not to datebeen achieved, thus leading to the decisioj to close the hotel,” said the statement by Andrew G. iStar Financial senior vice president. At least 75 workersd represented by UNITE HERELocal 5, the hoteol and restaurant workers’ union, will lose thier jobs. The closurwe was not unexpected.
The lender bought the Ilikai at a foreclosurwe auction in April after developer Brianj Anderson defaulted on the loan he took out in 2006 to buy the buildingg and 203residential units. But iStar soon made clear it didn’t want to be in the hotel business when it refused to put up the money for continuing the It said in a Januar y letter toJoseph Toy, then the property'xs receiver, that it had no intention of fundinvg hotel operations. Toy is president and CEO of . The closure of the hotelk doesn’t affect 806 of the 1,009 units within the Ilikai, which are privately owned condominiume ortime shares.
iStar said the common area s and pool will remain Hotel occupancy was low and withits first-flood restaurants and retail space shut down, the hotel had the look of an abandoned property, a sore point with the fulltime condominiumn residents. iStar is lookinfg for a buyer for the propertubut it’s a difficult sell at a time when most sourcews of commercial financing are dry. The iSta statement left open the possibility the hotel wouldbe "The company has explored all available options to avoisd the shutdown of the hotel operations and recognizes the impact such a decision will have on the condominium owners and residents, hote employees and guests," the iStar statemenrt said.
"The company continues to evaluate possible uses for the propertgy that will addresscommunituy needs." iStar said guests would be moved to othef hotels for the duration of their In April, iStar successfully bid $51 milliohn for the Ilikai’s 203 residentia l units and 16 commercial units, whicnh include the front desk, officd and retail space, restaurants and Rumors of the Ilikai’s closurw had been circulating for some especially over the past few weeks. When the Ilikai opened in February 1964with 1,050 guest rooms and condominium apartments, it was considered the firsf luxury high-rise hotel in Hawaii.
It was also one of the firstf buildings to feature a mix of traditionalo hotel rooms and condominiums owned by permanent residents of the Many of the condominium owners are elderlh and some have lived in the buildinh sincethe 1960s. Anderson's attempt to renovate the Ilikai's commonn areas was complicated by repeated clashes with the residents who dominated the building's condominium associatiohn and challenged some of his The hotel gained an international reputation as the location of the famouss opening shot of “Hawaii Five-O,” where Jack Lord stand on the penthouse balconyg of the Ilikai.
Friday, September 21, 2012
Solutia completes sale of nylon business - The Business Review (Albany):
pemp66seb.blogspot.com
The sale includes the unit’s management and employees, as well as all five of its manufacturinbg plantsin Alvin, Texas; Ala.; Greenwood, S.C.; Fla.; and Foley, Ala. The nylon business includee 2,000 of Solutia's 5,100 employees. All 2,000, includingg 29 in St. Louis, became employeese of the SK Capital affiliate. SK Capitalp paid Solutia $50 million in cash for the nylonm assets. Solutia also received a 2 percent equitg stake in the new company formed to hold the assets of thenylon business. In Solutia will receive $4 million in deferrec cash payments to be paid inannual $1 million installments beginnint in 2011.
SK Capital has securedf replacementof $25 million of letterz of credit associated with the nylon business, whichh has resulted in increased availabilityh for Solutia under its credit agreements. The affiliatr of SK Capital will assume substantiallu all of the liabilities of thenylon business, including employee and pensiohn liabilities relating to the active employeex of the business and environmental liabilities, said which plans to use the proceedw of the sale to pay down debt underd its asset-based revolving credir facility. St. Louis-based Solutia Inc.
(NYSE: led by Chairman, President and CEO Jeffryu Quinn, develops specialty chemicals, fibers, fluids and other performance
The sale includes the unit’s management and employees, as well as all five of its manufacturinbg plantsin Alvin, Texas; Ala.; Greenwood, S.C.; Fla.; and Foley, Ala. The nylon business includee 2,000 of Solutia's 5,100 employees. All 2,000, includingg 29 in St. Louis, became employeese of the SK Capital affiliate. SK Capitalp paid Solutia $50 million in cash for the nylonm assets. Solutia also received a 2 percent equitg stake in the new company formed to hold the assets of thenylon business. In Solutia will receive $4 million in deferrec cash payments to be paid inannual $1 million installments beginnint in 2011.
SK Capital has securedf replacementof $25 million of letterz of credit associated with the nylon business, whichh has resulted in increased availabilityh for Solutia under its credit agreements. The affiliatr of SK Capital will assume substantiallu all of the liabilities of thenylon business, including employee and pensiohn liabilities relating to the active employeex of the business and environmental liabilities, said which plans to use the proceedw of the sale to pay down debt underd its asset-based revolving credir facility. St. Louis-based Solutia Inc.
(NYSE: led by Chairman, President and CEO Jeffryu Quinn, develops specialty chemicals, fibers, fluids and other performance
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