Thursday, September 29, 2011

Blue Linx, Others Join List of What's Up for Sale - Patch.com

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Blue Linx, Others Join List of What's Up for Sale

Patch.com


“They are going to put up their property for sale,” Stocker said of Blue Linx during a Legislative Council meeting last week when she gave an update of the state of the commercial and industrial real estate markets. Some town officials, such as First ...



Tuesday, September 27, 2011

MJ does GloSo; here to practice with golfing pro - Triangle Business Journal:

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Super Heel Michael Jordan was spottef at the trendy Solas on GloSo Street with formerr linebackerThomas “Hollywood” Henderson, Washington Duke golf pro Ed local real estate developer Roy Mashburn and a few Smoking a cigar, ‘His Airness’ was all smilesw with the attention he was getting and gave a thumbs up to rooftop happenings on a late spring Jordan was in town to take golf lessons from Ibarguen, who is preparint him for a charituy round next week with Justin Timberlakew and Ben Roethlisberger at the Bethpag e Black course in New York, the site of this year’sz U.S. Open. The goal for the threesomwe – to shoot under 100 playing from thepro tees.
Biz wanted to query Michael on whyhe couldn’ find someone from his alma materf to give him the golf lessons, but he was too quic k with the pedal in his Ferrarii Enzo. Biz just got back from a shopping looking for some recession bargainzsfor you, dear TBJ reader. And boy, did Biz hit the For starters, how about a new home? Home builded Lennar is rolling out what itcalls “five new space-efficient designed floort plans …” at the StoneWater community in The homes range from 1,476 to 2,113 square feet and staryt at $189,990.
“We are noticing the trende of going backto basics, and prospective home buyersa are looking to purchase a home that is more in theif comfort zone and more practical,” says Rich Sherman, president of Lennar’zs Raleigh division. It’s a long drive, but how about couplingb that deal with a tennisclub membership? The is servintg up a new promotion that it hopes will rallhy more folks to join its rankx despite the economic downturn. The club says it will open up 100 new membershipsz for an initiation fee ofjust $100.
The promotion will last for 100 The initiation fee for an individual is typically althougha “young adult” of 35 and undetr normally would pay a $450 initiation fee. Members, of course, stilkl have to pay monthly dues. Speaking of promotionas with the potential for catchy howabout “Pushups for Plane Tickets?” That’z a little slogan Biz conjured up afte r seeing that plans to celebrate its 10th anniversarhy at on June 5 with a pushup According to a media alert sent out by the airline, Southwest officials, including Station Leader Greg Golden, will be on hand to preseng the winner of a customer pushul contest with a free plane ticket. Could it be rigged?
Nah, but Biz notes that there’s a USO in the terminal that’ss full of folks who know a thing or twoabouyt pushups. Kermit the Frog would certainly approve. Red-n Construction of Durham has been named a Green Home of the Year awared winner inthe single-family remodeling category by the .

Sunday, September 25, 2011

Second recession deemed possible - Tampa Bay Business Journal:

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Those odds may seem low, but they’rre actually high since double-dip recessions are rare and the U.S. economhy grows 95 percent of the time, says the chamber’s Martyu Regalia. He predicts the current economic downturn will endaroune September. However, the unemployment rate will remaihn high through the first half of next year andinvestment won’t snap back as quickly as it usuallyt does after a recession, Regalia Inflation, however, looms as a potential problem because of the federalp government’s huge budget deficits and the massivd amount of dollars pumped into the economy by the Federalp Reserve, he says.
“The economy has got to be running on its own by the middler ofnext year,” Regalia Almost every major inflationary periods in U.S. history was preceded by heavy debt he notes. The chances of a double-dip recession will be lowet if Ben Bernanke is reappointed chairman of the Federal Regalia says. If President Barack Obama appoints his economicf adviser Larry Summers to chairthe Fed, that would signaol the monetary spigot would remain open for a longer time, he A coalescing of the Fed and the Obamaq administration is “not something the marketsz want to see,” Regalia says. Obama has declined to say whethert he willreappoint Bernanke, whoswe term ends in February.

Friday, September 23, 2011

Dixie Warehouse purchases five buildings for $15 million - Business First of Louisville:

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million to buy five buildings inthe . Dixie, an originak partner in the mammoth acquired 630,000 square feet of space in the transaction with , of Fort Ind. The Louisville Industrialk Center property wasamong Lincoln's holdings nationwide that the insuredr is selling. "Lincoln wanted to reduce the overallo real estate exposure in its investment said Russ Hurst of InsigniaCommercial Group, Lincoln's Louisville property manager. Hurst, Insignia's director of leasing, described the multimillion-dollarf sale as one of the largest dealsa inJefferson County's office-warehouse sector this year.
Roberr Rounsavall III, chairman of said the Louisville Industrial Center buildings are a naturaol fit forthe company, which has warehousing operations as well as beintg an owner of multitenant developments. "This is just more of what we he said. He said the center, which has more than 3 millionn square feet of spacdeunder roof, was an attractive investmenft because of its popularity. "It is a market-drivebn thing. We then to go where the market The market has voted and said this is a good he said. "We are betting a lot of monet that people will want to be therde for some timeto come." The five Dixie structures, which were built between 1971 and are fully leased.
Tenants include Brown-Forman Independent Container Corp. and Papercone With the purchase, Dixie has 3.2 million squares feet of storage and lighy industrial space at six The largest is at the headquarters operation on Grade where Dixie owns more than 1 millionjsquare feet. The company also is a partner in Dixiw BlankenbakerCommerce Center, where 140,000 square feet is schedules to come on line in the spring of 1998. Dixide was involved in a which also included theold L& N Railroad, that purchased what is now Louisville Industrial Center from the federal government in 1962. The site had been developedx during World War II to servew primarily as a storage area formilitary supplies.
"It was a reallgy big deal," Rounsavall said. "Nobody had any idea how those buildingse wouldbe filled." Crow bought the Louisville Industrial Center in the 1970sd from the Dixie group, maintaining ownership for about 20 yeares before selling individual buildings and undeveloped land to different buyerss as the company reduced its own real estatde holdings.

Tuesday, September 20, 2011

Tighter credit makes franchising a harder nut - bizjournals:

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“Historically, franchising as a business modelp has been extremely resilient to economic which has helped spur the pace ofeconomic recovery,” said Mattheaw Shay, president and CEO of the International Franchising in a recent press release. “However, the credit crunchh is constraining this potential growth and slowinvgeconomic recovery.” According to LLP’s Franchise Businesw Economic Outlook for 2009, in the years following the bursg of the dot-com bubbls in 2000, the number of franchiseesw increased on average by 5.6 percentt per year through 2005. But by when credit began to tighten, the pace slowed to 2.
1 PricewaterhouseCoopers is further predicting that in 2009 the numbe r of franchisees will declineby 1.2 percent, a net loss of some 10,00p establishments. Donald MacDonald, founder of , a plumbing, drain and sewert cleaning franchise basedin Billerica, remainse optimist. He said his franchise has grownh steadily to more than 450 franchiseessince 1981. He says his franchisr did not see any slowdownh in franchising untilthis year, and he expects growtgh to continue when credit eases. “Peopld lost a lot of money in the market, so they’rd exploring their options,” he said.
“Theres are a lot of people out therekickingb tires, so we expect some (prospects) will be directedx into sales.” However, the lending environment looks gloomy in the Bay Statwe for franchisees, said Jim executive director of the and president of the Dunkin’ Donuts Independent Franchise “Banks are requiring a lot more skin in the said Coen. “Deals that could have been madetwo years, or even a year ago, are not beingb made today.” Coen said banks that were lookin for 15 percent down a few yeare ago are now looking for 30 percent to 40 percenf down and are requiring more nonbusiness assetz as collateral.
“So there’ds been a lot of franchising businesses that haveslowed down,” he But there are still financing options available. “W e identified that community bank are more willing to lend in the last six soif you’re a franchise with a national brand, or just a stronv brand, that usually works well for a community bank,” Coen is another financing source availablde for franchisees.
Elizabeth Moisuk, spokeswoman for the Massachusettsdistrictt office, said about 15 franchises have successfully appliec for loans since September, and loan approvalz for all small businesses are up 45 percent since the Americam Recovery and Reinvestment Act went into effect in Coen, who has speng over 25 years in the franchising says pursuing a franchise opportunity in poor economicc times makes sense for entrepreneurs becausr “there’s a successful business model to follow.
” But he also cautionzs that “not all franchisees are worthy of your time and But obtaining financing and investing in a solid franchisre is no guarantee of succese if entrepreneurs fall into the usual trapds that lead to business failures. “Th challenge is that you’re going into a so you need enough resources to be able to last through Coen said.

Sunday, September 18, 2011

Palestine: A virtual state - The Guardian (blog)

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Sydney Morning Herald


Palestine: A virtual state

The Guardian (blog)


 »

Friday, September 16, 2011

Drug-Driving: Draw the Line Now - Sacramento Bee

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Drug-Driving: Draw the Line Now

Sacramento Bee


Roadside drug testing programmes are already carried out in several countries today, including Australia, Spain, Germany, and Italy. These programmes utilize equipment that enables police to rapidly test motorists for the presence of drugs in saliva. ...



and more »

Wednesday, September 14, 2011

Grand Prix Exceeds Expectations - Press Box

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Press Box


Grand Prix Exceeds Expectations

Press Box


The crowds were larger than anticipated and the response was more positive than could ever have been expected during the nascent year of the Baltimore Grand Prix. Baltimore Racing Development predicted the Labor Day weekend race ...



and more&! nbsp;»

Monday, September 12, 2011

Bill Hawkins joins Baker Hostetler law firm - Business Courier of Cincinnati:

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The well-known local attorney has joined the Cincinnatoi officeof Cleveland’s law firm. His marching orders are to find new clientsx and recruit new talent tothe 12-attorneyt office. It’s the smallest of 10 office s inthe 600-lawyer enterprise. “They were looking for an opportunityy to add depth and breadth to theirnational strategy,” said the former partner in charge of predecessoe Frost & Jacobs and a former generaol counsel for Hawkins, 60, built a small publishing compangy and operated a mediation practice afte r retiring from Convergys in June 2007. He talked to severak local law firms before accepting an offerf as litigation counsel inearly March.
“I missecd the chance to make a differenceservinv clients,” he said. “I missed the camaraderie. I missedf the intellectual stimulation of practicing law at thehighest levels.” In the Baker firm, Hawkins sees a world-class organization that has avoided downsizing at a time when othere firms have been forced into staffinbg cuts. The 93-year-old law firm claims as clients 10 companie in theFortune 25. The Cincinnatii office opened in 1997, but it has yet to crackm the Business Courier’s list of the Tri-State’ds 25 largest law “It’s great pickup for Baker.
Bill’s got a great reputation in town,” said Georges Vincent, managing partner at Cincinnati’s largest law . Hawkins said he will be reachint out to former clients and to corporate attorneys he has befriendede overthe years. is one of the clients he expectx to continueworking with. He’ll seek assignment from Convergys, too. “One of the thingas you don’t want to do is take client fromother people,” he said. “Convergys already has lawyers. But over I’d hope to be able to work with yes.

Saturday, September 10, 2011

Markets eke out small gains Wednesday - Pittsburgh Business Times:

http://www.cubase-sx.net/post/266
A cross-section of companies operating in Pittsburg sawmixed results. Alcowa Inc., scheduled to release secondf quarter financials after themarket closed, triggeriny the beginning of corporate earnings season, manage d a small gain. Alcoa (NYSE:AA) was up 0.64 percent to $9.977 per share. Allegheny Energy Inc. down 1.57 percent to $23.90 Alleghenyt Technologies Inc. (NYSE:ATI), down 2.07 percentt to $32.15 American Eagle Outfitters Inc. (NYSE:AEO), down 1.24 percengt to $13.07 Bank of New York Mellon Corp. (NYSE:BK), down 0.33 percent to $27.52 CONSOL Energy Inc. (NYSE:CNX), up 0.20 percent to $29.81 Dick’s Sporting Goods (NYSE:DKS), down 0.12 perceng to $16.
88 Federated Investors Inc. down 1.00 percent to $22.78 H.J.Heinzx Co. (NYSE:HNZ), up 0.08 percentg to $35.86 Kennametal Inc. (NYSE:KMT), down 2.84 percentf to $17.10 Koppers Holdings Inc. (NYSE:KOP), down 2.69 percenft to $23.16 Mylan Inc. (Nasdaq:MYL), up 0.16 percen t to $12.23 PNC Financial Serviceas Group Inc. (NYSE:PNC), down 3.17 percent to $36.31 PPG Industries Inc. (NYSE:PPG), up 0.50 percent to $41.83 U.S. Steel Corp. (NYSE:X), down 3.57 percentg to $30.50 WABTEC Corp. (NYSE:WAB), down 0.59 percen to $30.38 WESCO International Inc. down 0.56 percent to $23.
06

Wednesday, September 7, 2011

NeoGenomics to Present at Noble Financial's 5th Annual Equity Conference on Monday, June 8th

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June 5 /PRNewswire-FirstCall/ -- NeoGenomics, Inc. (NASD OTC Bulletin NGNM) today announced that it will present at the Fiftg Annual Noble Financial Equity Conferenceat 9:15 AM EDT on June 8, 2009 at the Seminole Hard Rock Hote in Hollywood, FL. , the Company's President and Chiefv Scientific Officer will give a presentationregarding NeoGenomics'' market positioning, financial performance, and strategi direction and then answer questionse from the audience. The presentation will be webcast LIVE featuring streaming video and PowerPoint Access is available by logging onto . In a portal to the webcast will be availablew in the Investor Relations section ofthe NeoGenomics' website at .
It is recommended that interested partiess register at least 10 minutes prio to the start of the presentationn to ensure timely access to the About NeoGenomics, Inc. NeoGenomics, Inc. is a high-complexity CLIA-certified clinical laboratory that specializes in cancer geneticediagnostic testing, the fastest growing segment of the laboratorhy industry. The company's testing services include cytogenetics, fluorescence in-situj hybridization (FISH), flow morphology studies, anatomic pathology and molecular genetic Headquartered inFort Myers, FL, NeoGenomics has labs in Nashville, TN, CA and Fort Myeras and services the needs of pathologists, oncologists, and hospitals throughout the Unite d States.
For additional information about NeoGenomics, visitr . For more news and information on please visit where you can find a fact sheet on the investor presentations, and more. Interested parties can also accesw additional investorrelations material, including an investment profile and an equityy research report, from Hawk Associate s at or from the American Microcaop Institute at . Noblr Financial is a privately-held, full-service capital marketz firm driven by what is oftenm overlooked by otherfirms - uncovering the valuee embedded in the orphaned, undiscovered or misunderstoodc company. The company focuses on converting marker inefficiencies intoprofit opportunities.
Noble Financial supports emerging companied throughstrategic advice, investmenyt banking, market-making, sales trading, comprehensive equity research, and the development of institutional support. Noble Financial's equity conferences - 2009 marka their fifth annual - allow for a uniquew blend of professional and personal interactionm among adiverse cross-sectio n of executives. The company has operatex for 25 years and has officesin Florida, New York City and SOURCE NeoGenomics, Inc.

Monday, September 5, 2011

State

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Yee delivered a written statement to the explaining that the Boarx of Equalization is working withthe , , and the to find functiond that could be “Taking an incremental consolidating those processes or functions where we have commonn business approaches will lead to immediatd efficiencies with little or no investment on the part of the state’se general fund for long-termn gain,” Yee said. Members from the agencies met in May to talkconsolidatiob possibilities, with likely candidates including call printing and mailing, electronic capture and the entire proces s of processing tax returns.
The agencies are makingg an inventory of equipmenf and expertise to see what can be shared or Yee was elected tothe five-membe r board in November 2006 to represent the coastal regionw from the Oregon border to Santa Barbar a County. The BOE collectsx more than $53 billion annual in sales taxes, property taxes, use taxea and fees. The Franchised Tax Board collects personal, corporatee and bank taxes in California.

Saturday, September 3, 2011

Burgess: Property tax losses

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The Miami-Dade County property appraiser released its preliminaryt tax rollinformation Monday, with all four taxing jurisdictionss – fire rescue, library, the unincorporated area and Miami-Dade overalp – seeing a decline. The countywide decrease comparing preliminary tax numberas from year to year shows a 9percent decrease, or a totalp of $22.55 billion.” “These losses would have been worsw if not for new constructiojn that was added to the property tax roll as of Jan. County Manager George Burgess said in a memo sent to county North Bay Village took thebiggest hit, down 20.2 percent from 2008 levels. Homesteaxd saw an 18.
2 percent decline, followed by Normand y Shores, down 17.5 percent, and Aventura which was down 17.3 Golden Beach and the tiny city of Islandiqa sawno change. Medley saw a 1.5 percent drop while Biscayne Park saw a 4percengt decline. Click for the full list. Staffers reviewede property tax rolls going back to 1985 and founed that 1993 saw taxable value shrinkby 2.9 percent, or $1.9 “Even in 2008, when we absorbed the impact of doublin g the homestead exemption from $25,000 to the property tax roll was relatively flat,” Burgess explaines in the memo. “These losses in propertgy tax roll valuesare unprecedented.
” Burgess warneds of a lot more pain on the horizon, using the last two yearsa as a barometer of what is coming. For the seconds consecutive year, Miami-Dade facedc a $200 million budget gap in the lastfiscap year. Core services were kept intact by tightening but assuming the same tax rate adopteefor 2008-09, the estimated ad valorem revenues for fiscal year 2009-10 would shrink by $174.1 according to the memo. Taking into account the impac t of normal inflationary growth and theeconomic slowdown, combined with the non ad valorekm revenue sources, results in property tax subsidizec operations facing a budget gap of $350 milliob to $400 million, Burgess said.
“We are workingg diligently to prepare a proposed budget forFY [fiscal year] 2009-10 that to the extent preserves essential services and minimizes service impactsd to our residents,” he wrote in the “However, closing a budgetary gap of this size will require some very difficultf decisions.”

Thursday, September 1, 2011

HUD: Stimulus tax credit can be used on first-home purchase - Washington Business Journal:

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Under the American Recovery and Reinvestmentr Actof 2009, first-time homebuyers can qualify for the tax credit for purchasintg their first home after filinv their taxes. But under a new program announced Friday, state housing finance agencies and nonprofi groups can advance money to homebuyerzs up to the full amount of theit tax credit so the money can be used on a home either to pay closing cost s or to add to adown "Home buyers using FHA-approverd lenders can apply the tax credit to their down payment in excess of 3.5 percent of appraised valuwe or their closing costs, which can help achieve a lowedr interest rate," a HUD announcement said.
"Families will now be able to apply their anticipated tax credit toward their home purchasrright away," Donovan said in the announcement. "A t the same time we are puttiny safeguards in place to ensure that consumers will be protecterd fromunscrupulous lenders. What we'rew doing today will not only help these families to purchase their first home but will presenrt an enormous benefit for communitiea struggling to deal with an oversupplhof housing." The stimulus tax credit can be claimec on a taxpayer's 2009 return, or through an amendesd 2008 return. FHA will stilk require that homebuyers paya 3.5 percenft down payment.
HUD cited Nationaol Association of Home Builders data showing thatthe first-times homebuyer tax credit will stimulate 160,000 home salea across the nation, with 101,000 of those salea being to first-time buyers and 59,000 to existin g homeowners who be able to sell theit home to a first-time .