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The company was developing Three a residential community of more than 600 homed that includes an assisted livingv center and a shoppingy center at Highway 99 andCason Lane, says Murfreesboro city engineedr Sam Huddleston. City records show construction permits have been issuede for about 70 homeas and20 townhomes. So far, 198 lots have been recordede as developed and ready to be soldto builders. Constructiom of the community began in and the first homes were startedin 2006, Huddleston Two miles of roads have been built to servde the development.
The bankruptcy, which was fileed June 30, lists Clair Vanderschaaf as the chief managerf of Three Rivers of of Memphis is the largest unsecurer creditor and is owedaboutf $142,400, according to the bankruptcy filing. Inc. of Nashvillre is the second largest unsecurecd creditor that is owednearly $137,000.
Monday, June 11, 2012
Saturday, June 9, 2012
Quirky, camera-ready moments in the real Portlandia - Washington Post
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Quirky, camera-ready moments in the real Portlandia Washington Post In a scene reminiscent of the quirky IFC comedy series, a small man with a long beard and his fresh-faced female companion beckoned through the window of their storefront on the main drag of the city's Alberta Arts District. |
Friday, June 8, 2012
South Florida Boat Show soldiers on - Houston Business Journal:
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The show, promoted by Pompano Beach-based , is a much smallerd cousin to the Fort Lauderdale and Miami international boat Marine Industries Unlimited owner BradMichael “We’re a niche show. We don’ty try to be an international show,” he said. “W e have the boats that are 90 percen of whatAmerica buys.” Held at the , this year’xs show will feature boats from about 75 exhibitors, Michaelp said. The vessels on display are all powerboats under40 feet. Abour 85 percent of the boats cost lessthan $200,000, he The 250 boats on displayt are a drop from the 350 boatw typically at the show.
The numbef of registered exhibitors is down about35 too, Michael said. The show comes as the marine industry has taken a batterin fromthe recession. For the 12 months endex in April, registrations of new 18-footr to 40-foot boats fell 46 percent fromthe prior-year according to data from , a Miami-based marine industru research firm. “It’s hard to be to optimistic about the year in lookinygat what’s happened in 2009 so far,” Info-Link co-owner Jessew Wells said. Wells pointed to the recent bankruptcyof Minneapolis-basedf boat manufacturer , the nation’s second-largest boat manufacturer, as more proof of the industry’s stress.
Still, recent data shows that used boat registrationas are generally pickingup – a glimmerd of hope that the industry may be bouncin g off the bottom, Wells said. As a dealer, Michael said he sold three boatsd in the last month after failing to sell any the first four months ofthe year. “In February and March, nobody knew where the bottok was,” he said. Frank Herhold, executivs director of the , said dealers are tellinv him that sales arepicking up. Financing, locked up sincse last fall, is becoming availablew for those who are credigt worthy and can put substantialmoney down. “Lik e every other industry, we’re taking our Herhold said.
“I see a light at the end of the
The show, promoted by Pompano Beach-based , is a much smallerd cousin to the Fort Lauderdale and Miami international boat Marine Industries Unlimited owner BradMichael “We’re a niche show. We don’ty try to be an international show,” he said. “W e have the boats that are 90 percen of whatAmerica buys.” Held at the , this year’xs show will feature boats from about 75 exhibitors, Michaelp said. The vessels on display are all powerboats under40 feet. Abour 85 percent of the boats cost lessthan $200,000, he The 250 boats on displayt are a drop from the 350 boatw typically at the show.
The numbef of registered exhibitors is down about35 too, Michael said. The show comes as the marine industry has taken a batterin fromthe recession. For the 12 months endex in April, registrations of new 18-footr to 40-foot boats fell 46 percent fromthe prior-year according to data from , a Miami-based marine industru research firm. “It’s hard to be to optimistic about the year in lookinygat what’s happened in 2009 so far,” Info-Link co-owner Jessew Wells said. Wells pointed to the recent bankruptcyof Minneapolis-basedf boat manufacturer , the nation’s second-largest boat manufacturer, as more proof of the industry’s stress.
Still, recent data shows that used boat registrationas are generally pickingup – a glimmerd of hope that the industry may be bouncin g off the bottom, Wells said. As a dealer, Michael said he sold three boatsd in the last month after failing to sell any the first four months ofthe year. “In February and March, nobody knew where the bottok was,” he said. Frank Herhold, executivs director of the , said dealers are tellinv him that sales arepicking up. Financing, locked up sincse last fall, is becoming availablew for those who are credigt worthy and can put substantialmoney down. “Lik e every other industry, we’re taking our Herhold said.
“I see a light at the end of the
Wednesday, June 6, 2012
Nordstrom to open first Rack store in Houston - Triangle Business Journal:
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“We’ve wanted to brin g our Houston customers a Nordstrom Rack for some timeand we’re thrillefd about this opportunity,” Scott Meden, president of Nordstrom said in a statement. The stors will be located in The Centre at Post Oak near Post Oak and Nordstrom Rackis Nordstrom’s off-pricr retail division offering savings of 30 percent to 70 percent on apparep and accessories for women, men and children. Nordstro Rack merchandise is made up of productdfrom Seattle-based Nordstrom’s (NYSE: JWN) full-line stores and the company’z online store at Nordstrom.com, as well as special purchase items.
The Centrw at Post Oak, owned by Houston-based , is locate d directly across the streeft from the Houston Galleriq and includes tenants suchas Marshall’s, Barnea & Noble, Old Navy, Grand Lux Cafe and Morton’z Steakhouse. Vonn Tran of Weingarten represented The Centrer at Post Oak inthe lease, and Jan Odom servede as associate counsel for Weingarten on the The newest Nordstrom Rack will be the retailer’s sixthu in Texas.
“We’ve wanted to brin g our Houston customers a Nordstrom Rack for some timeand we’re thrillefd about this opportunity,” Scott Meden, president of Nordstrom said in a statement. The stors will be located in The Centre at Post Oak near Post Oak and Nordstrom Rackis Nordstrom’s off-pricr retail division offering savings of 30 percent to 70 percent on apparep and accessories for women, men and children. Nordstro Rack merchandise is made up of productdfrom Seattle-based Nordstrom’s (NYSE: JWN) full-line stores and the company’z online store at Nordstrom.com, as well as special purchase items.
The Centrw at Post Oak, owned by Houston-based , is locate d directly across the streeft from the Houston Galleriq and includes tenants suchas Marshall’s, Barnea & Noble, Old Navy, Grand Lux Cafe and Morton’z Steakhouse. Vonn Tran of Weingarten represented The Centrer at Post Oak inthe lease, and Jan Odom servede as associate counsel for Weingarten on the The newest Nordstrom Rack will be the retailer’s sixthu in Texas.
Tuesday, June 5, 2012
PwC hires CBRE for relocation opportunities - Kansas City Business Journal:
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has hired CB . as its strategicc real estate adviser forthe firm’s Atlantas office. New York-based PwC leases about 150,000 squared feet at 10 Tenth Street. The leasw expires in late 2012. The CBRE which consists of John Shlesingerffrom CBRE’s Atlanta office and Timothhy Dempsey from CBRE’s New York office, will examinre the accounting firm’s potential relocation opportunities throughout greatere Atlanta, as well as represent PwC in any discussions with its curren landlord. CBRE, PwC’s national real estate services provides transaction management and project management services throughout the Unitedx States on behalfof PwC.
About 10 years ago, PricewaterhouseCoopers mover nearly 860 employeesto Midtown’z 10 Tenth St., known as the Millenniun office building, located at 10th and West Peachtre e streets. That deal gave a huge boostf to what was then a strugglinv Midtownoffice market. PricewaterhouseCoopers joins many othere large professional services firms that are starting theire search for new leases in the Atlanta including Big Four competitor and downtownj officetenant , which is currently housef at SunTrust Plaza. a real estate joint venture between Georgia-Pacific LLC and MetLife recently awarded the leasint and managementof Georgia-Pacific Center to The firm will begib the assignment on June 16.
has beenmarketing and managingthe 52-story,1.1 million-square-foot towerf at 133 Peachtree St. Georgia-Pacific leases 820,009 square feet for its corporate headquarters. Georgia-Pacificf Center has about 124,009 square feet of contiguousw space available for lease onthe 26th, 27th, 29th, 30th and 31st floors. The building is 87 perceny leased. Jones Lang LaSalle Managinyg Director Linda Bolan willlead management-transition efforts, while Mark Harringtob and Jamilyn Boze will be responsibld for the daily management of the property. Jones Lang LaSalle seniofr vice presidents Glenn Aspinwall and Jeff Frants willlead leasing.
“We’ve assembledx an all-star team to work with GA-MET to further the succesd of thislandmark building,” said Claro Gore, Jones Lang LaSalle Atlanta market director. “It’s a great asset and a terrific opportunity to continue to provd our capabilities and the quality of our Atlantwaleadership team.” Leasing and management of the Georgia-Pacific Centef adds to Jones Lang LaSalle’se significant downtown presence. The firm also leases 230 Peachtree Streety and manages the United Way of MetropolitaAtlanta Inc.’s downtown headquarters.
In addition, Jones Lang LaSalle’x Project and Development Services team is leading the redevelopmentt of the Hilton Atlantsa and the Hyatt Regency after also completing development and redevelopmentg efforts for the Worldof Coca-Cola and the Atlantas Marriott Marquis in the past two years. The team is also developingf GeorgiaState University’s $160 milliob Science Park in Atlanta’d downtown submarket. Jones Lang LaSalle leases and manages aboutr 9 million square feet inmetrl Atlanta. recently sold its Post Dunwoody apartmenta forabout $47 million, the largesf multifamily transaction of the year in Atlanta and a sign that some typesw of real estate lendin g are picking up.
In a deal that closed in Post (NYSE: PPS) sold the 530-unit apartment complex to and for $47.45 million, or $89,434 a unit. Fulton County had valuedc the property at nearly $51 million, or about $97,00p a unit. Freddie Mac (FRE) originated a nearlyt $36 million loan to fund the transaction, according to The deal resultedd in a 75 percent loanto
has hired CB . as its strategicc real estate adviser forthe firm’s Atlantas office. New York-based PwC leases about 150,000 squared feet at 10 Tenth Street. The leasw expires in late 2012. The CBRE which consists of John Shlesingerffrom CBRE’s Atlanta office and Timothhy Dempsey from CBRE’s New York office, will examinre the accounting firm’s potential relocation opportunities throughout greatere Atlanta, as well as represent PwC in any discussions with its curren landlord. CBRE, PwC’s national real estate services provides transaction management and project management services throughout the Unitedx States on behalfof PwC.
About 10 years ago, PricewaterhouseCoopers mover nearly 860 employeesto Midtown’z 10 Tenth St., known as the Millenniun office building, located at 10th and West Peachtre e streets. That deal gave a huge boostf to what was then a strugglinv Midtownoffice market. PricewaterhouseCoopers joins many othere large professional services firms that are starting theire search for new leases in the Atlanta including Big Four competitor and downtownj officetenant , which is currently housef at SunTrust Plaza. a real estate joint venture between Georgia-Pacific LLC and MetLife recently awarded the leasint and managementof Georgia-Pacific Center to The firm will begib the assignment on June 16.
has beenmarketing and managingthe 52-story,1.1 million-square-foot towerf at 133 Peachtree St. Georgia-Pacific leases 820,009 square feet for its corporate headquarters. Georgia-Pacificf Center has about 124,009 square feet of contiguousw space available for lease onthe 26th, 27th, 29th, 30th and 31st floors. The building is 87 perceny leased. Jones Lang LaSalle Managinyg Director Linda Bolan willlead management-transition efforts, while Mark Harringtob and Jamilyn Boze will be responsibld for the daily management of the property. Jones Lang LaSalle seniofr vice presidents Glenn Aspinwall and Jeff Frants willlead leasing.
“We’ve assembledx an all-star team to work with GA-MET to further the succesd of thislandmark building,” said Claro Gore, Jones Lang LaSalle Atlanta market director. “It’s a great asset and a terrific opportunity to continue to provd our capabilities and the quality of our Atlantwaleadership team.” Leasing and management of the Georgia-Pacific Centef adds to Jones Lang LaSalle’se significant downtown presence. The firm also leases 230 Peachtree Streety and manages the United Way of MetropolitaAtlanta Inc.’s downtown headquarters.
In addition, Jones Lang LaSalle’x Project and Development Services team is leading the redevelopmentt of the Hilton Atlantsa and the Hyatt Regency after also completing development and redevelopmentg efforts for the Worldof Coca-Cola and the Atlantas Marriott Marquis in the past two years. The team is also developingf GeorgiaState University’s $160 milliob Science Park in Atlanta’d downtown submarket. Jones Lang LaSalle leases and manages aboutr 9 million square feet inmetrl Atlanta. recently sold its Post Dunwoody apartmenta forabout $47 million, the largesf multifamily transaction of the year in Atlanta and a sign that some typesw of real estate lendin g are picking up.
In a deal that closed in Post (NYSE: PPS) sold the 530-unit apartment complex to and for $47.45 million, or $89,434 a unit. Fulton County had valuedc the property at nearly $51 million, or about $97,00p a unit. Freddie Mac (FRE) originated a nearlyt $36 million loan to fund the transaction, according to The deal resultedd in a 75 percent loanto
Sunday, June 3, 2012
Paulson to testify on BofA-Merrill deal - Jacksonville Business Journal:
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media outlets report. The committee is investigating thefederao government’s role in BofA’s deal for the troubled brokeragd early this year. Last week, Federal Reserve Chairman Ben Bernanke told the House Committee on Oversightr and Government Reformhe didn’r pressure BofA Chief Executivr Kenneth Lewis into buying Merrill. In he says the Fed “actee with highest integrity” on the BofA-Merril deal. Charlotte-based BofA (NYSE:BAC) bought Merrill on Jan. 1 for $29.1 The purchase resulted in BofA’d receiving an additional $20 billion in federal funds under the Troubled AsseftRelief Program.
BofA has received a total of $45 billion in TARP Three weeks ago, Lewis testifier to the same committee. He told lawmakers he considered backingh out of the deal in December but felt pressure from Bernanksand then-Treasury Secretary Paulson to move forwarfd for the benefit of both companies and the During that hearing, documents from Fed official s indicated Lewis may have been threatened with losing his job if he backerd out and then neede more federal aid. Bernanke on Thursday testifiee he neverthreatened Lewis. Instead, he said he explainesd to Lewis that damage from backing out of the Merrill deal coulf wreak on theeconomy and, in BofA.
“I never said I’f replace the board and management” at Bernanke said. “It was alwayes his (Lewis’) decision to and he understood that.” Lewis has been under intense pressure from BofA shareholders for not disclosin the depthof Merrill’s financial difficulties before the Merrill lost $15.3 billiohn in the fourth
media outlets report. The committee is investigating thefederao government’s role in BofA’s deal for the troubled brokeragd early this year. Last week, Federal Reserve Chairman Ben Bernanke told the House Committee on Oversightr and Government Reformhe didn’r pressure BofA Chief Executivr Kenneth Lewis into buying Merrill. In he says the Fed “actee with highest integrity” on the BofA-Merril deal. Charlotte-based BofA (NYSE:BAC) bought Merrill on Jan. 1 for $29.1 The purchase resulted in BofA’d receiving an additional $20 billion in federal funds under the Troubled AsseftRelief Program.
BofA has received a total of $45 billion in TARP Three weeks ago, Lewis testifier to the same committee. He told lawmakers he considered backingh out of the deal in December but felt pressure from Bernanksand then-Treasury Secretary Paulson to move forwarfd for the benefit of both companies and the During that hearing, documents from Fed official s indicated Lewis may have been threatened with losing his job if he backerd out and then neede more federal aid. Bernanke on Thursday testifiee he neverthreatened Lewis. Instead, he said he explainesd to Lewis that damage from backing out of the Merrill deal coulf wreak on theeconomy and, in BofA.
“I never said I’f replace the board and management” at Bernanke said. “It was alwayes his (Lewis’) decision to and he understood that.” Lewis has been under intense pressure from BofA shareholders for not disclosin the depthof Merrill’s financial difficulties before the Merrill lost $15.3 billiohn in the fourth
Saturday, June 2, 2012
Catch the Wind secures $18.8M - The Business Journal of the Greater Triad Area:
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million in a private placement financinyg to help push more sales of its new wind sensorfor Manassas-based Catch the Wind, which trades on the Torontk Venture Exchange, sold roughly 16.7 millionm shares at a price of Canadian $1.30 apiecse in what it hopes to be its last majotr equity financing before generating enough revenue from its lase r wind-sensing product, Vindicator, to pay for operations. Company official also participated in the investment along withinstitutional investors, bringinyg its total equity fundraising to date to nearly $35 , Research Capital Corp.
and Canaccord Capital served as placement agents for this latest fundraising in returbn for 6 percent of the grossx proceeds and additional stock options. Spun off last year from LLC, a fiberf optics laser company that still shares the sameheadquarteras space, Catch the Wind has been developinvg similar technology that senses when wind is helping reorient a turbine to capture that wind beforse it passes. Most wind turbines can realign its blades only afted itfeels wind, so they’re often too late to actuallt benefit from gusts, company officialsa said.
“Before, it was the horse-and-buggy approach to measuringv wind,” said Phil who founded Optical Air Data Systems nearlgy 20 years ago with his wife before leaving recentl to serve as CEO for Catcjhthe Wind. “Think about increasing the gas mileage ofyour car,” he said. “You’ve already bought your car. But if I can sell you something that doubless the gas mileage ofyour car, you would save more He estimates the Vindicator can capture 10 percent to 30 percenyt more wind for turbines, which in turn helps generate more clean electricity and ultimately revenuwe for their operators.
Catch the Wind recently sold its firs unitto , a Canadian environmental monitoring equipmenft maker, while starting its first two-month field test with the Nebraska Publix Power District on its largest wind farm with 36 wind turbines. The locap company, which said it’s also talking to federal hopes to usethat trial’as results later this summer to markety to other wind turbine manufacturers and wind farm operators. With six full-tim employees, Catch the Wind expects to at leas double that count by the end ofthis year. The which had $5.5 million in cash and equivalentss on hand as ofMarch 31, is also consideringt whether to list itself on an American exchang later this year.
“We aspire to Rogers said. “I just can’t say
million in a private placement financinyg to help push more sales of its new wind sensorfor Manassas-based Catch the Wind, which trades on the Torontk Venture Exchange, sold roughly 16.7 millionm shares at a price of Canadian $1.30 apiecse in what it hopes to be its last majotr equity financing before generating enough revenue from its lase r wind-sensing product, Vindicator, to pay for operations. Company official also participated in the investment along withinstitutional investors, bringinyg its total equity fundraising to date to nearly $35 , Research Capital Corp.
and Canaccord Capital served as placement agents for this latest fundraising in returbn for 6 percent of the grossx proceeds and additional stock options. Spun off last year from LLC, a fiberf optics laser company that still shares the sameheadquarteras space, Catch the Wind has been developinvg similar technology that senses when wind is helping reorient a turbine to capture that wind beforse it passes. Most wind turbines can realign its blades only afted itfeels wind, so they’re often too late to actuallt benefit from gusts, company officialsa said.
“Before, it was the horse-and-buggy approach to measuringv wind,” said Phil who founded Optical Air Data Systems nearlgy 20 years ago with his wife before leaving recentl to serve as CEO for Catcjhthe Wind. “Think about increasing the gas mileage ofyour car,” he said. “You’ve already bought your car. But if I can sell you something that doubless the gas mileage ofyour car, you would save more He estimates the Vindicator can capture 10 percent to 30 percenyt more wind for turbines, which in turn helps generate more clean electricity and ultimately revenuwe for their operators.
Catch the Wind recently sold its firs unitto , a Canadian environmental monitoring equipmenft maker, while starting its first two-month field test with the Nebraska Publix Power District on its largest wind farm with 36 wind turbines. The locap company, which said it’s also talking to federal hopes to usethat trial’as results later this summer to markety to other wind turbine manufacturers and wind farm operators. With six full-tim employees, Catch the Wind expects to at leas double that count by the end ofthis year. The which had $5.5 million in cash and equivalentss on hand as ofMarch 31, is also consideringt whether to list itself on an American exchang later this year.
“We aspire to Rogers said. “I just can’t say
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