Friday, September 30, 2011

La Madeleine chooses new HQ site in Dallas - Business First of Columbus:

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La Madeleine said it will relocatesinto 17,000 square feet at 12201 Merir Drive in Dallas. The building that will house the restaurant chainn is a Class A building that just recentlyuunderwent renovation. Le Madeleine signed a 10-year lease with Parmenterr Two Forest LP forthe space. La Madeleinde said it was attracted to the space because the facilityh provides the company with the room needee to grow withthe company. Dallas-based architectural firm Bensonb and Hlavaty will design theinterior space. The facilitgy is scheduled to be ready for its new tenantdsin mid-July. La Madeleine's currenft headquarters is at 6688 N. Central Exwy, Ste.
700 in La Madeleine was represented byJosh White, senio r vice president with ; and Sharron principal with Transwestern. The landlord was represented by Matt vice presidentwith .

Wednesday, September 28, 2011

CircuitCity.com comes back to life - Orlando Business Journal:

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Systemax (NYSE: SYX) said in a statemeng that it plans to compet with other online retailers by offerinhdiscounted prices, fast shipping and a wide selectiob of products, as well as offering photpo galleries and videos of thousandsz of consumer electronics and computed products. The company already has the TigerDirect.com businessz and acquired last year. "This acquisition and quick launch of the allnew CircuitCity.com further solidifiews Systemax's position as a leaded in online retailing of value-priced, branded computers and consumerr electronics," said Richard Leeds, chairman and chietf executive officer of Systemax. "Circuit City is one of the iconicd brandsin U.S.
electronics retailing with a 60-year A check of the Web site Mondayshowed CircuitCity.com offering everything from GPS systems to BlackBerry phones and flat-screen TVs.

Monday, September 26, 2011

Northland takes page from automakers

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The company, , announced it is launchingb a Rent Assurance Program that is being rolleds out acrossthe Newton-based company’s entire portfolio. The company’ s multifamily holdings total 16,670 units in nine Massachusetts, Connecticut, Rhode North Carolina, South Carolina, Tennessee, Texas and Arizona. In Massachusetts, Northland owns 1,23 apartment units in Danvers, Quincy, Westborough and Worcester. The programj resembles those announced by automakeres such as and to boost sales from wary consumerss who are tightening their belts in anticipatiojn of potentialjob losses.
Hyunda recently announced a new and improved version of its HyundaiAssurance Program, whicj enables some customers to turn their cars back in to dealeres if they get laid off withibn a year. Hyundai’s new Assurance Plus program will covefr three months of car paymentsz while the buyer looks for anew job. At the end of 90 the customer can still return the car ifthey haven’tr found a job. Likewise, Ford’s “Advantage Plan” covers payments of up to $700 per montj for as long as a year for buyerd who have beenlaid off.
Much like the desperate measureds car manufacturers are taking to sell cars in one of the worstt economic climatesin decades, Northland’s program enables its residents to “wal k away from his or her lease, withouft paying termination fees,” in the evenf that the person involuntarily loses his or her The program is available to new residentsx and residents who renew leases. Time will tell if Northland’sd program helps it sign up new tenantas inits buildings. Generally, residents sign long-termm leases that are extremely hard to break withouylegal intervention.
According to publishede reports, Hyundai saw sales increase 14 percent in the month the AssurancePrograj launched, while U.S. salez were the weakest for the month in27 years. “Inb these challenging economic times, we believe it’ s important to offer our residents peaceof mind,” Northlanfd Vice President Diane Yensen said in a “Losing your income can be a scary situation, and provides our residents with an ‘out’ in the event that they involuntarily lose their job and need to breakm their lease.” Northland owns $2.1 billion of apartmen properties totaling 19 million squares feet and has a developmenrt pipeline in excess of $1 billion.
was awarded the leasing assignment for 399Boylston St., a 13-story, 228,820-square-foot office building in Boston’s Back Bay. The buildinvg has one vacant floor, said Duncah Gratton, a partner at DTZ/FHO Partners. will vacates 8,900 square feet and another tenant, McNamew Lawrence & Co., is leaving 4,600p square feet at the end of the said Gratton, who noted the building is 8 percent vacantr today. New tenants will be asked to pay in thelow $40s-per-square-fooy range to lease space in the building. Shorenstein Properties LLC purchased the building in March 2007from Rockwood/Abbeyt Fee LLC for an undisclosed price.
At the time the building was 100 percen leased to 14 tenants including NATIXISAsseyt Management, software developer ZANTAZ Inc. and The building’s 14,000 squarw feet of ground-floor retail space is leasee toand . Shorensteinh recently spent $575,000 on lobby renovations and morethan $1 million in repairsz to the building’s exterior and operating systems.

Friday, September 23, 2011

South End condos auctioned off for $12M - Boston Business Journal:

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The units at The 1850 were sold for a 20 percenr to 30 percent discount to listing according toSue Hawkes, presidentg of . In total the sale of the lofts, and 21 parkinv spaces for $35,000 each, generated nearly $12 milliob for developer . “The debt and the lenderx were very, very pleased,” said Hawkes, presideny of Velocity Marketing Services. Proceedz from the auction were used to pay off a firstt mortgage with andmezzanine debt, said Hawkes who declined to provide detailsw about the loans. The auction was held on Sunday atthe . Bids for the loftsw at the 60-unit, five-story project started at $175,000.
Unitas ranging in size from 679 squaree feetto 1,564 square feet sold for between $271,000 to $552,000, accordingf to a report from Condo Domain Boston. The most-recent askinv prices for the units rangedfrom $335,000p to $799,000. Hawkes said the auction that for theright price, buyers will come off the noting that the auction generated two years worth of salexs in one day. The 1850 is a formerd piano factory and general warehousre which was renovatedlast spring.
In a previously unpublished interview, John a senior vice president with the Cresset said he originally anticipated it wouled take 14 months to 16 months to sell out the lofts whichfeature 10-foot ceilings, originapl brick walls and stainlessd steel appliances. Cresset sold 25 of 60 unitsx in the 18 months it had been marketintgthe project.

Wednesday, September 21, 2011

SJ Mercury workers reach tentative contract deal, includes 9% in pay cuts - Sacramento Business Journal:

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An additional 2 percent cut in pay wouls take effectin January. The Mediaq Workers Guild represents 257 Mercury News including about 130 in editorial jobs and 127in circulation, finance and support positions. A ratification meeting to discussa and vote on the proposed contracg is scheduled for Monday If approved, it would last 18 expiring Nov. 30, 2010. Other concessions include reduced vacation accruals and the relocation ofthe Merc’zs copy desk to Walnut Creek, where MediaNews’ is It owns the Mercury News and 11 othef daily papers in the which include virtually all of the daily papers in the Bay Area excepy the and .
“This contract settlement representw our best efforts atprotecting workers, jobs and quality at the Mercur y News,” the Guild’s San Francisco-based Local 39521 said in a “It is not something that we recommend Mac Tully, the Mercury publisher and president, could not immediately be reachex for comment about the tentative agreement. The deal wouldf also permit management to require up to five furlough days in move remaining circulation and financr jobs to the Bay AreaNews Group’zs shared services center in San Ramon, consolidatde advertising functions in the East Bay and San hire commission-only sales representatives to develop new business, and win some additionakl subcontracting rights, according to the The contract negotiations have taken place duriny grim times for dailyu newspapers.
Several major papers have foldecd inrecent months, including the and the print versiobn of the , and many major metropolitan including the San Francisco Chronicle, , , and , face dauntinvg financial challenges.

Monday, September 19, 2011

NHL chiefs to be deposed on Reinsdorf bid, Gretzky fights Glendale request to see tax returns - Dallas Business Journal:

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U.S. Bankruptcy Court Judge Redfield T. however, shot down an effort by Moyes’ legal team to deposde Reinsdorf. The Bettman and Daly depositions will occur laterdthis month. Reinsdorf, Phoenix attorneu and lobbyist John Kaites and former Los Angeles Angels and Montrealk Expos President Tony Tavares put forwarda $148 million offer to refinance and rework the Coyotes debt — a deal that callz for keeping the team in Glendale. That rivalds a $213 million, cash offer from Research in Motionb CEOJim Balsillie, who wantas to move the team to Ontario.
Moyes’ attorneys had sought more information from Reinsdor and the NHL regardingthe bid’s specifics, includinb how much cash, if any, is A federal bankruptcy official administering the Phoeniz Coyotes Chapter 11 reorganization also wants more information regarding Reinsdorf’s bid. U.S. Trusteew attorneys Ilene Lashinsky and Larry Watson are among thosde seeking more details on the Reinsdorf bid submittecdlast month. U.S.
Trustee is a federal entituy that administers bankruptcy cases and sometimees puts forth its opinion in material There are also efforts by Moye sand Balsillie’s attorneys to see what happenefd to the three other possibled bids to keep the team in which the NHL had talked about. Baum also is considering a requesr by the city of Glendale to have Coyotes coachand part-ownedr Wayne Gretzky’s tax records and finances disclosed. Gretzky’e attorneys are fighting that effort. The Coyotes coacyh makes $8 million annually, according to bankruptcyy court documents. He would get a $22 million pay-outy if the team moves to Canada and he steps down as part ownetrand coach.

Saturday, September 17, 2011

GM files for bankruptcy, plans to transfer operations to Wentzville - Orlando Business Journal:

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Some operations and equipment from a stee stamping plant inGranrd Rapids, Mich., which is slated to close as part of the automaker's restructuring, will be transferred to according to Bob Wheeler, a spokesman for the Wentzville plant. It's not yet known how if any, Michigan employees will opt to transfer to he said. GM officials called Wentzville Mayorf Paul Lambi at9 a.m. Monday to assur e him the local plant wouldremain open. "It'a good that they are shipping in work for this Lambi said. "That's a positive that corporate thinks this planf willbe around.
" Still, Lambj said, rival automaker Chrysler plans to shutter its Fentoh factors after investing $130 million in them, so it was importanf for Wentzville to not rely on GM so much and diversif y its revenue stream. When Lambi took officer seven years ago, Wentzvills counted on GM for about 55 to 60 percent of itstotap revenue. Today, that's more like 15 percenty of the city's $24 million general fund, becauswe GM pays the city about $3 millio a year in real estate property taxes andother fees, he said.
GM on Mondau by the end of but the Wentzville plant was sparedbecauses it’s the only plant where Chevroleg Express and GMC Savana vans are The Wentzville plant will still undergo a previously announcexd and other production cuts in June and July that will resulty in the layoffs of 300 Monday’s Chapter 11 filing by the 101-year-old automaker is among the largest in U.S. history and largest-ever U.S. manufacturin g bankruptcy. GM listed $173 billion in liabilities and $82 billion in according to the filed inNew York. GM to St.
largest privately held company, Enterprises Rent-a-Car, and to Chapter 11, whichu allows the company to operate while protected fromits creditors, pushees GM into a fast-track bankruptcy and provides $30 billionh of additional taxpayer funds to restructure. The GM plan as detailedr by U.S. officials would allow a much smalle GM to emerge from couryt protection within 60 to 90 The automaker has not provideds an updated target for job cuts but was lookingb toeliminate 21,000 U.S. factory jobs from the 54,00 0 union members it now employs. General Motors employsa 92,000 in the United States and is indirectly responsiblrfor 500,000 retirees. The U.S.
government would hold a 60 percenr financial interest in areorganized GM, and the UAW wouled take a 17.5 percent stake. The governments of Canadza and the province of Ontario have agreed to a 12 perceng ownership stake in exchange forfinancial aid. GM bondholders wouled get 10 percent. "It’e a bittersweet thing," Wheeler said. "You hate to have to go througyh the process of closing plant andeliminating jobs, but look around, that’sa what's going on with a lot of Hopefully we can rebound, hire peopls in the future and be the vibrany company we once were.
" Downloadd a copy of the

Thursday, September 15, 2011

Donald Trump and Rick Perry chow down in NYC - CBS News

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Telegraph.co.uk


Donald Trump and Rick Perry chow down in NYC

CBS News


Rick Perry arriving to Trump Towers in Manhattan, Sept. 14, 2011. NEW YORK - Texas Gov. Rick Perry met celebrity businessman Donald Trump on Wednesday night for a dinner that threatens to undermine the Republican presidential hopeful's populist cred. ...


Rick Perry Supplemented Wealth With Profitable Deals Involving Political ...

Huffington Post


Republican presidential race: Rick Perry talks about his faith, forsaking talk ...

Telegraph.co.uk


Rick Perry battles charges of 'crony capitalism'

San Francisco Chronicle



 »

Tuesday, September 13, 2011

Merck and BGI Establish Strategic Collaboration focused on Biomarkers and ... - MarketWatch (press release)

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Merck and BGI Establish Strategic Collaboration focused on Biomarkers and ...

MarketWatch (press release)


These accomplishments include sequencing one percent of the human genome for the International Human Genome Project, contributing 10 percent to the International Human HapMap Project, carrying out research to combat SARS and German deadly E. coli, ...



and more »

Saturday, September 10, 2011

Home prices gyrate across Raleigh-Durham ZIP codes - Triangle Business Journal:

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And what may keep the home price from escalating rapidly is the risinyg fear thatthe nation’s home appraisal systejm is broken. Citing a need for stricter lenders already want appraisers to be cautious whenvaluingg homes. And just like the pendulun shifts from one side to expect appraisers to take a conservativee approach when coming to slapping a valueon homes. “Thed appraisal industry shares the blame for themortgage meltdown,” says Stace Anfindsen, who runs in Cary. “The industry already has to adheree to new rules that are being forcedon us.
Thers will be no more direct contact betweenj the appraiser andthe originator/processor that ordered the We now have to deal with some appraisal management compan who now (has) to be paid.” But there are signa of hope that could get Triangle home salea and home prices going Bank estimates suggest that the numberr of homes held under foreclosurew by banks is dwindling. During the firstg quarter, banks held off on foreclosing due to pressured fromthe government. That mode has changed in the past couplerof months, as banks are beginninvg to clear their books by foreclosing on propertiesx and getting rid of them privately or throughn the open market.
Community bankzs generally are holders of anequityy line, not the original loan, says Jim Beck, president of Raleigh’ s . “ But I must say most of the exposurde for the community banks has beenwith builders. And there may be more to On May 26, the Federall Housing Finance Agency came out with a reporty that may further calm the fears of area According to theFHFA data, the Raleigh-Cart market is the 51st strongest in the nation, baser on the annual change in home FHFA calculated the price change after analyzing purchases and refinance data. In FHFA’w same list, the Durham-Chapel Hill metro ranked 45th amony 294metro areas.

Thursday, September 8, 2011

CEO Ellison says Oracle might make netbooks - Business First of Buffalo:

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His comments came at a Sun conferencwe for users of Java softwaree which he also said could be usedon netbooks. Oraclse (NASDAQ:ORCL) earlier this year agreed to acquirweSun (NASDAQ:JAVA) for $7 "I don't see why some of those devices shouldn'y come from Sun," Reuters quoted Ellison as saying. "Theres will be computers that are fundamentallhy basedon Java." Netbooks are inexpensive laptopl computers designed to connect wirelessl y and are used primarily for checking email and browsing the Web. The market for them is expected to grow to between 20 millio n and 30 million unitthis year, up from the 11.7 million sold last year when theitr sales took off.
Most PC makers now have a netboojk model and if Oracle does get into the marke it will go up againstthe . (NASDAQ:HPQ) and , which either make netbooks or develop softwarefor them. Acer said Tuesdauy it will make a laptop runningon ’se (NASDAQ:GOOG) Android operating system instead of Microsoftg Windows, which most makers now use.

Tuesday, September 6, 2011

Human Capital: People on the move, July 1 - bizjournals:

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Signature Healthcare of Brockton hired Steve Friott as director of health carefacilitiess management. He previously served as directot of facilities operationsat . , a designm and construction firm with local officeesin Worcester, appointed Robert Stephens director of businesx development, health care. Stephens has more than 20 yeare of experience marketing and selling desigh andconstruction services. Matthew Tepper joined CB Richardd EllisInvestors , a real estates investment management firm, as an associate director for the global multi-managee business. Tepper, formerly of , is basede in Boston.
Davis, Malm & D’Agostine PC , a Boston-basedr law firm, added Elise Wald as an associate in the trustss and estatespractice area. Wald was previously an associate at Blankstein and LundLLP . Rob MacElhineu , vice president of in was named to the board of directors atthe .

Sunday, September 4, 2011

'Eden Reframed' opens to the public Saturday - Vashon-Maury Island Beachcomber

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'Eden Reframed' opens to the public Saturday

Vashon-Maury Island Beachcomber


Saturday's event will include music by Amy Denio, a multi-instrumentalist composer and singer based in Seattle. Both the dream weaving and the story hive are interactive, so more contributions can be added at Saturday's ceremony and over time, ...



Friday, September 2, 2011

Twitter, LinkedIn play role in finding a job, displaying your tech smarts - bizjournals:

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For years, I have been preaching a job searcn strategy promoting the thought that if you travelo allavenues simultaneously, you are more likely to find your destination. At no time has this approachy been more critical than today with so many peoplew lookingfor work. Although we seem to have no problem acceptinbg the concept of reinventingour images, there exists a large grouo of candidates who turn away from more intimidatingv unfamiliarities. Simply, some are unwilling to enter the wildernessw ofunknown technologies. Baby boomerse are most often risk-averse when it comes to job search technologies, thereby fulfilling the prophecuy ofcareer obsolescence.
It is far more difficult for a CFO to admiyhe doesn’t use Twitter becausr he’s expected to know what it is. And I meet candidatea daily who assure me they are linked in at though they’ll sheepishly acknowledge that’sw not what I asked. If your repliee are “what’s that?” or “not yet,” then you are dangerouslgy stalling yourjob search. Connectint to colleagues online brings benefits tojob seekers, yet many harboe fears so they stay I, too, was afraid of new technologiess because I didn’t want to face But once I began to discovetr job openings on tech tools that didn’t exist in 2005, I couldn’ afford to be the one For me, these are most valuable: LinkedIn (linkedin.
com) has more than 35 milliobn members in more than 140 Most are adults and employed. Executives from all Fortune 500 companiea areon LinkedIn. Most have disclose d what they do andwheres they’ve worked in the past. To job seekera looking to researcha company’s decisio n makers, look no further than LinkedIn. It can offer great information for the But it is as important to be as it is to be able to locate and learnabout others. If a human resources office r wants to research a prospective executivebut doesn’y see him on LinkedIn, she may feel he won’t be on the leadinh edge.
With LinkedIn, you can join discussionb groups, answer questions submitted by PresidenftBarack Obama, spread the word that you’re in the job markert (no stigma if done properly) and securd endorsements from your colleagues. It is imperative that you creatsea profile. Also, I recommened a professionallydone head-and-shoulders photo accompany it. A health-car company from Albany, N.Y., recently called my firm in its search for asalee representative. We had a great candidate who had retainec us for coaching earlierthat day. Not activelhy job hunting, she had no and when I callex the company they almost passedon her.
Gettinh creative, I suggested the employer review and accept herLinkedIn profile. The following day they met. We caughf up with creating her resume, whic h is far more compelling, but a LinkedIn presencde openedthe door. Twitter (twitter.com) was born just three yearz ago from the genius of two younvg men inSan Francisco. Unlike Twitter is a living entity reminiscent of the originao Web chat rooms with aslightg delay. Within the Twitter communities, thoss with commonality of purpose and motiver tendto congregate.
When you sign up with you secure a screen name and can use it to post and receiver messages to a network of Instead of sending adozen e-maild or text messages, you send one messagee to your Twitter account, and the service distributez the communication to your friends. Members use Twitter to organiz gatherings, carry on a group conversation, or send a quick You selectively follow the folkws who provide valuable information to your job search and others inevitablfollow you. While I find it enjoyable to follow members ofthe media, my sole purposde for participating is to harvest job openingas for my clients.
There are numerous organizationes to follow that can be segmented by I am most intriguedby @jobshouts, @job angels, I find who to follow by scopinhg out the home pages of colleagues following those who are likelt to tweet either sage advices or job openings. During a May seminar, an executivew recruiter from Atlanta helped train our candidatez onphone interviewing. Spending 10 minutes with each job she provided a critiquee on communication skillsand messaging. We met on Twittefr and have forged an alliance out of common No doubt, this is only one story of collaborationj what could be more fulfilling for the isolatexd job seeker.
Some word of caution: Twitter can be very casuakl and, should you engage with folks in enjoyablewconversation alone, you might be think that no one else will read your That would be a Much like e-mail, instant messaging and LinkedIn discussions, anythingt on Twitter is stored in some permanent Internet warehouse. Data security folks have mentioned blocking andprivacy devices, but I wouldd never take the chance.