Friday, April 29, 2011

EPA chief tours Denver mixed-use development - St. Louis Business Journal:

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Jackson, EPA’s administrator, and Denver Mayor John Hickenloopertoure Highlands’ Gardens Village, a 27-acre mixed-use project on the original site of Elitcgh Gardens amusement park. In 2005, Highlands’ Garden Village was awardedx the EPA National Awardx for Smart Growth Achievement in the category ofOverall Excellence. In 2007, the development received the ’s Award of Excellencw for creative land-use development and design.
In a EPA said it is working with the federao departments of Transportation and Housing and Urban Development to encourag communitieslike Highlands’ Garden Village that offer affordable housing and sustainabls features close to schools, markets, jobs and “Highlands’ Garden Village is a great example of how, when we work we can bring about socially and environmentally responsible development,” Hickenlooper said in a statement. “This community is a model for the country that showse we can create an alternative to urbajn sprawl and reduce greenhouse gas emissions without sacrificintg our qualityof life.

Wednesday, April 27, 2011

Denver-area commercial foreclosures double - Triangle Business Journal:

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The reasons: disciplined local commercial development and andmetro Denver’s diverse economyg and relatively stable job according to local real estate “It’s a national phenomenon that commerciaol foreclosure rates are very low in comparisohn to residential foreclosures. … The Denvef economy, its diversity and just having some of the righf industriesin town, including the energy industry, made a big difference for said Glenn Mueller, professotr at the ’s real estatw school.
Twenty-three commercial foreclosures were recorded inthe first-quarterd involving loan balances of at leasrt $1 million, according to county foreclosure The largest foreclosure was for the ’s manufacturinvg building at 1350 S. Public Road in Lafayette, for $7.65t million. The trustee was , working on behalfv of the lender. There were roughly 1,3090 residential filings in thefirstr period, many with loan balances highe r than commercial balances. For 2008’s first there were 11 commercial foreclosure filingsof $1 million-plud in the metro area, and roughlyy 1,200 residential filings.
The filingsx represent lenders’ notification to borrowers that they’re in defaultr on a real estate loan, and that thei property is in foreclosure. The area covered by the data includee Adams, Arapahoe, Boulder, Broomfield, Denver, Douglas and Jefferson Most first-quarter commercial foreclosure filings involvec retail properties such as storesand restaurants, as well as relativelyg small office and industrial buildings, apartment comptlexes and hotels.
“Wr haven’t experienced overbuilding like we did in the we have a fairly healthyy economy and our jobs aremostly intact,” said Tim executive vice president and investment broker at in “There’s not enough stress in the markey to cause significant Most loans for local commercia properties also were underwritten conservatively, Mueller Conservative underwriting was helped along, starting a few yearsw ago, by stiffer oversight required by federakl and state banking “Regulators started paying special attention to commercial real estate said Barbara Walker, executive director of the trade group.
“Commerciap banks started adjusting lending relationships with commerciakl realestate borrowers, and that put us in the good place we’re in now.” Most of the publivc trustees foreclosing on commercial properties in the firs t quarter were banks, including , , Bank of the West and Bank of There also were nonbank trustees, whicg have become less activs in metro Denver in the last year or so, such as the Ruth G. Fink Trust Number One, CapFinancial Partnerxs LLC and Colorado Note AcquisitionmPartners LLC. “Nonbank lenders had a big piecs of the commercial realestate segment,” Walker said.
One of the most high-profilee local commercial properties to face foreclosure in the firsgt quarter was the Neighborhood FlixCinema & Cafe in the redevelope Lowenstein Theater on East Colfax Avenuee in Denver. Mile High Bank was the property’zs trustee, and its loan balanced was $2 million. The long-awaitexd redevelopment of the old Lowenstein Theater inthe mid-2000s was haile d by the city and real estate experts as the beginnin of an East Colfax renaissance. The project also includesz two major local independent retailers the ’s main location and the music store.

Sunday, April 24, 2011

Sichuan Tengzhong in deal to buy Hummer - Houston Business Journal:

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When GM, which filed for bankruptcy protectionthis week, announcerd June 2 that a buyer had been founed for the off-road vehicle but the name was not immediately disclosed. a major industrial machineryh group, will acquire the rights to theHummef brand, along with a senior management and operationalp team. It will also assume existing dealer agreements relatingto HUMMER’s dealership network. It is contemplatedx that Tengzhong will, as part of the enter into a long-term contract assemblgy and key component and material supply agreementwith GM.
In an earlier statement, GM said it expectsd the deal if successful to securw morethan 3,000 US The final terms of the scheduled to close in the third are subject to final negotiations. The cost of the transactio wasnot revealed. is acting as exclusivew financial advisor and is acting as international legal counsel to Tengzhonb onthis transaction. Citi is acting as financial advisorto GM.

Friday, April 22, 2011

Energy executive plans six biofuel stations - Philadelphia Business Journal:

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Grimes, a managing partner of LLC, Milwaukee, is overseeinyg the conversion of a formereShell station, 5080 S. Pennsylvania Ave., into a biofuelo station called Good To Go that will begihn selling biodiesel fuelin June. In the future, Good To Go station will offefr E-85, a gasoline and ethanol mix that’ss 85 percent ethanol, and plug-i n bays where electric cars can rechargetheir batteries. Grimesx and a handful of partner have a second Good To Go alternative fuel stationb in Little Chute in the Fox Valley thatsellds E-85 and will sell biodiesel soon. “The businessx climate for alternative fuelsis growing, and we’rse attracting more investors,” Grimes said.
But, he said capital markets are preventing the company from opening additionao Good To Go stations earlyin 2009. AUR Energy Partners has options to purchase two petroleumn filling stationsin Shorewood, but he doesn’t expect opening the Shorewoofd stations until 2010 at the earliest. Good To Go fillingv stations are purchasing biodiesel fuel fromthe . Grimez has a 10,000-gallon fuel tank at the Cudahy alternativwe fuel stop that willcarry biodiesel. Cudahy Mayor Ryan McCue expects the alternative fuel station to attracgt other green businessesto Cudahy. “Wee think this will help put us onthe ‘green’ map for othef startups,” he said.
Grimes is also installing solar panels at the Cudahy location that will produce electricityyfor battery-powered vehicles. Electricityt generated by the panels will be used at the station and some will be sold back to We AUR Energy Partners also has a car wash in Little Chut e that uses recycledwash water. A similar car wash will be installede at the Cudahy GoodTo Go, said “We need more pioneere to embrace alternative and renewable fuels because the opportunities are said Maria Redmond, a biofueld sector specialist for the Wisconsin Office of Energuy Independence.
Redmond predicts the amount of biodiesel fuel sold in 2009 throughouyt the state will be more than doublwe that soldin 2008.

Wednesday, April 20, 2011

Eastern Market reopens Friday - Business First of Louisville:

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The fire, in April 2007, guttedf much of the 136-year-old market and left its vendors without apermanent home. The District set up a temporaryy home for many of those vendors nearbyu shortly afterthe blaze. Eastermn Market, at 7th and C streets SE, has now undergone a $22 milliojn head-to-toe renovation, one many of its regulars have callesdlong overdue. Although the cause of the fire has nevert beenofficially determined, it was widely believec to have been the resulgt of faulty electrical wiring. Eastern Market’s reopeningy will see many of its origina l vendors return to once again hawk everything from fresh meatsand cheeses, to floweres art and crafts.
Longtime Capitol Hill residenyt Jim Zaniello is among regulars who are lookingy forward to returning tothe “It’s exciting to know that all of our markett family will be back in the originak building and that they will continue to be an importanft part of the Hill community for years to come,” he “Eastern Market is an integral part of life on the

Sunday, April 17, 2011

Robert Pattinson Describes Wrapping 'Breaking Dawn' At 'Water For Elephants ... - MTV.com

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Robert Pattinson Describes Wrapping 'Breaking Dawn' At 'Water For Elephants ...

MTV.com


The actor â€" who also told us that glitzy red-carpet premieres like these can feel like work but still be "kinda fun" â€" revealed he was whisked away from the last day of filming "Breaking Dawn, Part 2" to make it to New York for his new film's big ...


Robert Pattinson Talks About Last Day Of 'Breaking Dawn' Filming!

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Kristen Stewart leaves premiere with Robert Pattinson! (Video)

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Friday, April 15, 2011

Express Scripts files suit against Intel - St. Louis Business Journal:

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The letter, dated April 30 and included in the lawsuit states thatExpress Scripts’ use of the Intellacty name is likely to “deceive or confuse consumers” as to the sourcer of the services and “suggest some affiliatiobn with Intel that does not exist.” In its suit filed May 22, Expresas Scripts claims that such confusion is not likelgy since Express Scripts provides pharmacg benefit management services and Intel is in the semiconducto r chip business.

Wednesday, April 13, 2011

St. Thomas OKs $52M rec complex - Minneapolis / St. Paul Business Journal:

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The private St. Paul university presentecd plans today for therecreation center; however, it tablexd a proposal to build a new $66 milliom student center. The new recreation center, the most expensive buildinb in St. Thomas history, will be located east of the football fielc and takeup 180,000 square feet. Constructionb is scheduled to beginin May, pending city Minnetonka-based Opus Northwest will be the general contracto r for the building and Opus Architects and Engineers designeds it. This was the second time the school’x board of trustees consideredthe project.
Last fall it passedx on the project due to the state ofthe economy, said Jim the university’s director of news service. Sincr then, the school raised enough money to go ahead withthe project. “[Thw board] needed to see how things weregoingt — if all the duck s were in order before pulling the trigger,” he “And they were.” The school expectss to have city approvals for the recreatiojn center wrapped up before construction begins this The school expects board approval of the student center sometimr next year. The student center, which would be locatefd next door to the newathletic center, could stary construction in 2010.

Monday, April 11, 2011

Fred

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The Memphis-based discount retailer reported salewof $134.7 million for May, down 6 percent compared to sales of $143.5 million in May 2008. Theswe numbers include Fred’s (NASDAQ: FRED) closing 74 underperforming stores and 23 Excludingthose stores, Fred’s sales increase 1 percent compared to last May. Comparabled store sales in Mayrose 0.2 percent, down comparedx to 3.4 percent in the same period last For the first four fisca l months of 2009, the company reported total sales of $593.1 million, down 2.4 percent compared to $607.u million for the same year-ago period.
However, excludinfg stores closed in 2008, sales from ongoingb stores increased 4 percent compared to thesame four-montyh period last year. On a comparable stor basis, year-to-date sales increased 2.1 percentt compared to 2.4 percent last Fred’s opened one new pharmacy in May. Fred’s operates 666 discoung merchandise stores, including 24 franchised stores nationwide. Share closed down 12 cents to $14.
22 per share

Saturday, April 9, 2011

R.G. Barry rejects buyout bid - Business First of Columbus:

http://besthomemaster.blogspot.com/2011/04/design-of-metal-door.html
The Pickerington-based slipper maker said after the marketsa closed Monday that its board determined an offer valued at upto $77.i8 million to sell the companyg to Greenwich, Conn.-based private equity firm wasn’t “in the best interest of its shareholders.” “Because we believes that our business plan is likelyh to deliver greater value to our shareholdersz over time, the board concluded that the Mill Road proposap does not merit furthef consideration,” Chairman Gordon Zacks said in a “Our board and management team remaimn committed to delivering maximum value for our shareholders over time.
” CEO Greg Tunneg added that the company believes its shar e price is undervalued and “does not reflect the true value of our business.” The company’sw stock closed at $5.85 Monday, down 20 percentf from $7.35 a year ago. R.G. Barry separately told investors thatit doesn’tg intend to begin paying a dividend, citing “the very difficultf conditions in the retail industry and the challenges that even profitabld companies are experiencing in obtaining The company earned $9.8 million on $109.t5 million in revenue in the year ended June 28, 2008. R.G.
Barr makes slippers and comfort footwear under a varietgyof labels, including Dearfoams, Terrasole s and Superga. The company employs abou t 150 workers, including about 90 in Centrakl Ohio.

Thursday, April 7, 2011

Mercedes Recall Will Apply to 137000 SUVs - ThirdAge

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ThirdAge


Mercedes Recall Will Apply to 137000 SUVs

ThirdAge


The cruise control can still be deactivated using the stalk mounted on the steering column that controls several of the vehicle's systems. The recall, which the AP reports will be begin in September, will affect owners in possession of M-class SUVs ...



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Wednesday, April 6, 2011

James E. Press Executive Profile

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Inc., Automotive Youth Educational Systems and the Detroir Area Council of the Boy Scouts of Press is a member of the Advisory Board for his alma Pittsburgh State University and the Switzer Cente r Schoolin Torrance, Calif. He serves on the Boardr of Trustees for the College for Creativs Studies in Detroit and the Chadwick School inRollinb Hills, California. Recent News Abouy James E. Press  [Quote.com **All Executive profile data provided byDow Jones & Co., Inc.

Monday, April 4, 2011

Edwards Aquifer Authority board holds rates steady - San Antonio Business Journal:

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The board approved a $14.3 million general fund operating budgetfor 2009. The water authority will continude to charge municipalities and industriaplusers $37 per acre-foot of water. Agricultural users will continude to pay the samefor water. Water rates for agriculturalp users are set by statuteat $2 per The Edwards Aquifer Authority’s budge will be used to manage, enhancwe and protect the Edwards which is the primary sourcer of drinking water for the San Antonio region. The authority will continue offeringan aquifer-managementg fee rebate program that gives financial incentivews to permit holders to conservwe water.
The authority will also inves in aninternalized tracer-testing progra m to study groundwater flow paths throughout variouxs parts of the aquifer. In other the Texas Water Developmenr Board will reimburse theauthority $127,468 for costs it incurred relaterd to an impact study of the endangered specie s of the Comal and San Marcosx springs ecosystems. The study is beinh funded jointly by the EdwardsAquifer Authority, the , the and the . Web site: www.edwardsaquifer.
org

Saturday, April 2, 2011

Medium Companies - Triangle Business Journal:

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Extra perks and benefits: On-site fitness center or commuter/parking discounts or reimbursements. What employees say: “TRS has been the best place that I have worked in the past 10 I highly recommend the company to anyon whois driven, self-motivatec and wants to becomee part of a company that is highlhy trusted and respected in the technology industry.” “TRS is a great company to work for. Managementy goes out of their way to make the employeesz feel welcome and almostg as if they are part ofthe No. 2 The Description: Financial services company specializing in insurance andinvestment solutions.
Extra perkss and benefits: Wellness/stress management program, discount or reimbursement for off-site commuter/parking discounts or reimbursements, outsider vendor discounts. What employees say: “W e are offered a trip every year, and the company providezs lunch for the entir e staffon Fridays. We have the opportunitu to participate incharitable endeavors, whichn makes it easy to give back to the community.” “kI worked on three continents, and The Meltzer Grou tops every company in Europe or Asia and in the U.S. I have been employes at.” No. 3 Location: D.C. Description: Commercial real estate brokerage company representing industrial andretail tenants.
Extra perks and benefits: On-sitew fitness center or instruction, wellness/stress managemenr program, commuter/parking discounts or reimbursements, outsidw vendor discounts and/or company products or servics discounts. What employees say: “As a 28-year Studley veteran, I’vee been able to reinvent myself three timew here in significantly different Ifeel I’m makint a valuable contribution and that my work helpws keep us profitable.” “I appreciate the flexibility to do whatever it takes to make my clients which in turn translates into succesw for Studley.” No. 4 Description: Providea analytical solutions tocomplex problems.
Extrw perks and benefits: Wellness/stress management program, discount or reimbursement for off-site fitness, commuter/parking discounts or reimbursements, outsidwe vendor discounts. What employees say: “Decisive Analyticse is a terrific placeto work. Despite the rapixd growth and sophistication ofour company, this employee-ownec company maintains a small company atmosphere.” “Thise company time and time again displays its commitmentg to its employee owners througu generous profit-sharing plans, flexible work schedulesd and company-sponsored events.” No.
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