http://myeclass.net/05.htm
All three have experience developing ormanaging large-scale, low-income or mixed-incom e housing projects. Neil Albert, D.C. deputy mayor for planninvg andeconomic development, praised the respondents and their interesr in the $170 million project during a recession. "This especially in light of the currenteconomix conditions, speaks volumes about the value of this opportunity,” Alberf said in a statement. The city plans to tear down Park Morton'sx eight, three-story buildings and build a mixed-use housing complex with a park of atleasr 10,000 square feet. It is the seconrd project underthe city'zs ambitious New Communities initiative, in which D.C.
offers to rebuils highly concentrated public or highly subsidizedr housingwith mixed-income, mixed-use neighborhoods to which originao residents are encouraged to return. Two of the three teams have not done majo r real estate projectsin D.C. One is led by LLC, a Philadelphia-baser specialist in mixed-income, multifamily housing. Pennrose partnered with FM Atlantic LLC and HarrisonAdaohaw LLC. Another team is led by of Linthicum, whichu has completed a number of major HOPE VI thefederal low-income housingf development program on which New Communities is Landex partnered with the and Spectrum The third bid come s from a team headed by the , headquartered just off Georgi a Avenue and led by Adriahn Washington, former president and chief executive officer of the D.
C.’se former public-private developer, the Anacostisa Waterfront Corp. Washington's partnet is Inc., a Boston-based nonprofirt builder that has built morethan 22,000 housingg units nationally and also has experience with HOPE VI. “Park Morto n has the potential to bethe single-mosft transformative project to revitalize Georgia Albert said. “We need a partner that is capable of more than justbuilding housing. We are looking for someonew who is committed to building a safernew community.
"
Monday, March 7, 2011
Saturday, March 5, 2011
WESCO outlines succession plan - Pacific Business News (Honolulu):
http://nail-polish-biz.com/NailDiscoloration/preparation-of-nail-polish
Engel, who joined the construction materials and procurementf services providerin 2004, is currentlyg senior vice president and COO, as well as a membert of WESCO’s board. Current CEO Roy who has served in that role since will serve as executivs chairman until his term on the board expires inMay 2011. “Fore the past several years, the board of directors and I have place d a high priority ontalent management,” Haleu said in a statement.
“Today’s announcement represents a major organizational milestone forthe company, and I am very pleased that we are immediatelgy able to begin the process of transitioninvg to new roles and responsibilities with an experiencedc and seasoned management team.” CFO Stephen Van Oss has been namedf COO, effective Sept. 1 and will continue to servee as seniorvice president. He will be replaced by Richarde P. Heyse, who joinsw WESCO as vice president and CFOJune 15. WESCO, whicb employs about 7,200, is based at Statiomn Square on Pittsburgh’s South Side. The company’d 2008 sales were about $6.1 billion.
Engel, who joined the construction materials and procurementf services providerin 2004, is currentlyg senior vice president and COO, as well as a membert of WESCO’s board. Current CEO Roy who has served in that role since will serve as executivs chairman until his term on the board expires inMay 2011. “Fore the past several years, the board of directors and I have place d a high priority ontalent management,” Haleu said in a statement.
“Today’s announcement represents a major organizational milestone forthe company, and I am very pleased that we are immediatelgy able to begin the process of transitioninvg to new roles and responsibilities with an experiencedc and seasoned management team.” CFO Stephen Van Oss has been namedf COO, effective Sept. 1 and will continue to servee as seniorvice president. He will be replaced by Richarde P. Heyse, who joinsw WESCO as vice president and CFOJune 15. WESCO, whicb employs about 7,200, is based at Statiomn Square on Pittsburgh’s South Side. The company’d 2008 sales were about $6.1 billion.
Wednesday, March 2, 2011
Two MERC commissioners resign - Memphis Business Journal:
quarterly-limiting.blogspot.com
The resignations of Gary Reynolds and Janice Marquis come abou t two weeks before councilors for of which MERC is a plan to vote on a measure that would give the council more contropover MERC’s general manager. The move could ostensibly lead to the firingy of MERC General ManagerDavid who’s under fire from Presidentg David Bragdon. Reynolds and Marquis both opposethe Reynolds, president of the Portlane accounting firm Perkins & Co., mentioned the buildinf problems between Metro and MERC in his resignation “During the economic my attention needs to be focused on our clientss at Perkins & Co.,” Reynolds wroted in his letter to Bragdon.
“That said, I am disappointer in the recent breakdowmn in the working relationship between the Metrol Council andthe , and believde it could have been handled differently.” a commercial real estate broker and the commission’s vice chair, didn’tg mention the upcoming proposa in her letter to Bragdon, but resigned two years before her term was set to end. In a letter to Portland city commissioneras earlierthis month, Marquis and commission membeer Ray Leary urged the council to help delayt Metro’s vote on the MERC oversight Leary, Marquis, Reynolds and three of the other four remaininv MERC commissions also sent Bragdon a letter backing Woolson.
The letter came after Bragdonm questioned the leadership of MERC Genera l ManagerDavid Woolson. The other commissiojn member, Don Trotter, resigned last montu and will leave the boarsJune 30. Reynolds’ resignation takea effect June 30. Marquis’ takess effect July 15. The terms of Trotter and Reynolds woulf have expired at the end of 2009while Marquis' term was to expirse at the end of 2010. The Metro Council plansw to vote on the MERCmeasurd — which would give Metro the authority to hire and fire the MERC general manager — at its July 9 It was introduced by councilorsd Rod Park and Rex Burkholder, who also have concernsa about Woolson’s performance.
MERC oversees the Oregohn Convention Center, the Portland Center for the Performingv Arts and the Portland MetropolitabnExposition Center. Metro’s councilors are mulling a $457 million budgetg for fiscalyear 2009-2010. The regional governmenr serves 1.4 million people in the metropolitah area’s 25 cities.
The resignations of Gary Reynolds and Janice Marquis come abou t two weeks before councilors for of which MERC is a plan to vote on a measure that would give the council more contropover MERC’s general manager. The move could ostensibly lead to the firingy of MERC General ManagerDavid who’s under fire from Presidentg David Bragdon. Reynolds and Marquis both opposethe Reynolds, president of the Portlane accounting firm Perkins & Co., mentioned the buildinf problems between Metro and MERC in his resignation “During the economic my attention needs to be focused on our clientss at Perkins & Co.,” Reynolds wroted in his letter to Bragdon.
“That said, I am disappointer in the recent breakdowmn in the working relationship between the Metrol Council andthe , and believde it could have been handled differently.” a commercial real estate broker and the commission’s vice chair, didn’tg mention the upcoming proposa in her letter to Bragdon, but resigned two years before her term was set to end. In a letter to Portland city commissioneras earlierthis month, Marquis and commission membeer Ray Leary urged the council to help delayt Metro’s vote on the MERC oversight Leary, Marquis, Reynolds and three of the other four remaininv MERC commissions also sent Bragdon a letter backing Woolson.
The letter came after Bragdonm questioned the leadership of MERC Genera l ManagerDavid Woolson. The other commissiojn member, Don Trotter, resigned last montu and will leave the boarsJune 30. Reynolds’ resignation takea effect June 30. Marquis’ takess effect July 15. The terms of Trotter and Reynolds woulf have expired at the end of 2009while Marquis' term was to expirse at the end of 2010. The Metro Council plansw to vote on the MERCmeasurd — which would give Metro the authority to hire and fire the MERC general manager — at its July 9 It was introduced by councilorsd Rod Park and Rex Burkholder, who also have concernsa about Woolson’s performance.
MERC oversees the Oregohn Convention Center, the Portland Center for the Performingv Arts and the Portland MetropolitabnExposition Center. Metro’s councilors are mulling a $457 million budgetg for fiscalyear 2009-2010. The regional governmenr serves 1.4 million people in the metropolitah area’s 25 cities.
Monday, February 28, 2011
'Civic Center Eats' market, caf kicks off for summer - Denver Business Journal:
evittiebodum1296.blogspot.com
Civic Center Eats is slated to run from11 a.m. to 2 p.m. each Tuesdaty through Sept. 29. Mayor John Hickenlooperd was marking Tuesday's opening with a scheduled 11:300 a.m. appearance to make smoothies witha bicycle-powered Presented by the Civic Center Conservancy, a nonprofi that works to preserve Civivc Center Park, and produced by , the program is bases at the plaza between the Voorhiee Memorial and Greek Theater.
It's "a opportunity for downtown employees, residents and visitors to experience CivicfCenter Park, enjoy a delicious outdoor purchase fresh Colorado producw and goods, listen to live and connect with the community," conservancy executivr director Lindy Eichenbaum Lent said in a Local vendors will be selling produce, and other and shaded tables will be available. Businessea and agencies sponsoring the weeklg program include Riverfront ParkCommunity Foundation, Holmed Roberts & Owen LLP, EnCan a Oil & Gas, Foster Graham Milstein & Calisheer LLP, Kiewit Building Group, Brownsteinn Hyatt Farber Schreck LLP, Haselden Construction, Questar Denver Pavilions, the City and County of the Colorado Oil and Gas Association and the Denvedr Post.
Civic Center Eats is slated to run from11 a.m. to 2 p.m. each Tuesdaty through Sept. 29. Mayor John Hickenlooperd was marking Tuesday's opening with a scheduled 11:300 a.m. appearance to make smoothies witha bicycle-powered Presented by the Civic Center Conservancy, a nonprofi that works to preserve Civivc Center Park, and produced by , the program is bases at the plaza between the Voorhiee Memorial and Greek Theater.
It's "a opportunity for downtown employees, residents and visitors to experience CivicfCenter Park, enjoy a delicious outdoor purchase fresh Colorado producw and goods, listen to live and connect with the community," conservancy executivr director Lindy Eichenbaum Lent said in a Local vendors will be selling produce, and other and shaded tables will be available. Businessea and agencies sponsoring the weeklg program include Riverfront ParkCommunity Foundation, Holmed Roberts & Owen LLP, EnCan a Oil & Gas, Foster Graham Milstein & Calisheer LLP, Kiewit Building Group, Brownsteinn Hyatt Farber Schreck LLP, Haselden Construction, Questar Denver Pavilions, the City and County of the Colorado Oil and Gas Association and the Denvedr Post.
Friday, February 25, 2011
St. Louis hotels half full in November - St. Louis Business Journal:
mastering-input.blogspot.com
St. Louis occupancy fell 5.5 perceny in November to 50 percent, compared to 52.8 percen in November 2007, according to a recen t reportfrom Nashville, Tenn.-based Smith Travep Research. Occupancy in November 2008 fell in all of the top25 U.S. marketws except Houston, which saw its occupancyh climb 10.9 percent for the month to 70 percent. Amon the top markets, San Diego saw the biggest drop in falling 18.8 percent to 57.9 percenf occupancy for the month. In St. Louis, year-to-dat occupancy through Novemberfell 3.3 percent to 60.2 from 62.3 percent in the same perior in 2007. That mirrored occupancy in the top25 U.S. which saw the measurew fall 3.
6 percent through Novembere 2008, to 67 percent from 69.5 percentr through November 2007. Total U.S. occupancyu fell 4 percent through November2008 — to 61.8 from 64.4 percent through Novembef 2007. In St. Louis, year-to-datd revenue per available room was down 1 percent through November 2008 to RevPAR for all top 25 markets through Novemberd wasdown 0.4 percen to $89.32. St. largest hotel, downtown, will be next monthn after bondholders ofthe $277 million hotel initiated foreclosure proceedings this week.
The 1,000-roon Renaissance repeatedly failed to generatw enough revenue to cover interest payments on its The hotel remains open and continues to operateunded Marriott’s management. Nationally, Smith Travel Researcnh said it expects occupancy rates to dropanother 3.9 percent in 2009, with a corresponding 2 percent drop in room A rebound in both measures is forecast for 2010.
St. Louis occupancy fell 5.5 perceny in November to 50 percent, compared to 52.8 percen in November 2007, according to a recen t reportfrom Nashville, Tenn.-based Smith Travep Research. Occupancy in November 2008 fell in all of the top25 U.S. marketws except Houston, which saw its occupancyh climb 10.9 percent for the month to 70 percent. Amon the top markets, San Diego saw the biggest drop in falling 18.8 percent to 57.9 percenf occupancy for the month. In St. Louis, year-to-dat occupancy through Novemberfell 3.3 percent to 60.2 from 62.3 percent in the same perior in 2007. That mirrored occupancy in the top25 U.S. which saw the measurew fall 3.
6 percent through Novembere 2008, to 67 percent from 69.5 percentr through November 2007. Total U.S. occupancyu fell 4 percent through November2008 — to 61.8 from 64.4 percent through Novembef 2007. In St. Louis, year-to-datd revenue per available room was down 1 percent through November 2008 to RevPAR for all top 25 markets through Novemberd wasdown 0.4 percen to $89.32. St. largest hotel, downtown, will be next monthn after bondholders ofthe $277 million hotel initiated foreclosure proceedings this week.
The 1,000-roon Renaissance repeatedly failed to generatw enough revenue to cover interest payments on its The hotel remains open and continues to operateunded Marriott’s management. Nationally, Smith Travel Researcnh said it expects occupancy rates to dropanother 3.9 percent in 2009, with a corresponding 2 percent drop in room A rebound in both measures is forecast for 2010.
Wednesday, February 23, 2011
St. John Properties takes over Opus East business park at Aberdeen Proving Ground - Boston Business Journal:
http://consoleunderground.com/unlimited/tvshows.html
U.S. Army officials worked feverishly over the past week topull St. John Propertiesd into the fold, fearful the projecyt would come to a halt if Opus East filed for bankruptch protection before an arrangement couldfbe struck, company spokesman Gerare J. Wit said in a telephone interview “It was a real round-the-clock, week-long effort to get this Wit said. “We’re going to get in and try to kick-stary this right away.” Aberdeen is gearinyg up for a significanyt influx of military jobs underthe Pentagon’s Base Realignmeng and Closure plan, expected to be completec by September 2011.
About 8,2000 military jobs will be transferred to the in addition to as manyas 18,000 privat e contracting jobs from companies that do business with the incomingg military agencies. The selected St. John Properties to take over the Governmenyt and Technology Enterprise business park because of theBaltimorre developer’s ability to move forward with new construction, Bob program director with the Army Corps, said in a As in taking over the project, including OFC) and Manekin LLC.
Opus East was awardes rights to developthe government-owned land under a lease with the Army in Novembefr 2007 and broke ground on its firstr building in December of that Since then, the company became straddled with million s of dollars in construction loans it has been unabld to refinance, and the company has not started any new constructionh at the project for more than a year. The deal was inkexd June 19 betweenOpus St. John Properties and the Wit said. St. John and the Army Corps of Engineeras issued statements Tuesday announcing the Witsaid St. John will pay Opus East an undisclosed amount of money for its development rightsat Aberdeen. In connection with the deal, St.
John has hired Opus East projecg manager Matthew Holbrook to oversee the GATE project as its directod of defense andgovernment “Aberdeen Proving Ground is excited about movin g the project forward with St. John Tim McNamara, APG deputy garrison said in a statement. “We conside it a positive step to have their experienced managemenr team spearheadingthe build-out of this project.” As the to help it considerr options including bankruptcy. Its parentf company, , has also sought bankruptcu protectionfor it’s Opus Southn subsidiary and for two more subsidiaries of its Opus West regionall operation. Opus Corp.
spokeswoman Winstoj Hewett said Opus East is stilo evaluating its options but has not made any decisionasabout bankruptcy. The company was force d to relinquish its rights to the Aberdeen projecf because it has been unable to finance morethan $50 milliohn in construction loans it took out to finances its projects. Most pressing amont those debtsis $35 million the developer speny to build a new headquarters for the National Oceanicv and Atmospheric Administration in College Park, for which it has sued the federalo government to collect its wagesa on that project, Hewett said. St.
John planas to break ground in the next two month on at least three new buildings at the Harfors Countymilitary base, with commitmentw from defense contractors for up to 300,0090 square feet of office, research and developmenf space, Wit said. Wit did not disclosr the names of any ofthose tenants. Those buildings would be in additionb toa 60,000-square-foot building Opus East completed in December 2008 for defense contractor “We view this development as the most significant commerciaol real estate opportunity in the historyh of our company,” St. John President Edward A. St.
John said in a “This is based on the amounf of square footage that can eventually be developerd as well as the important work that will be completedeby end-users that occupy this space.” St. John Properties is the third-largestf property management firm inGreater Baltimore, with nearly 11 milliojn square feet of commercialk space in the region. But takingv over the Aberdeen project representz a shift for the which has sought to tap into the demanrd for government contracting space upuntil now. Wit said the compan has also sought in the past to buy land for its own rather than to lease property from the government such asat Aberdeen.
Opus East preliminarily received commitmentss from firms seeking space atits 413-acre Government and Technology Enterprise business park but did not start any additiona construction. The developer was unwilling to divid any of its buildingsinto multi-tenanted Wit said, preferring instead to construct buildings for a single That’s created a pent-uo demand for companies seeking from 5,000 square feet to upwarx of 20,000 square feet, Wit said.
“For all the hooplaq that BRAC has brought, there’s really only one buildinhg that Opus was ableto build,” Wit “If you don’t have the place to park those people, if you don’ t have the buildings to put them in, therse was going to be a real logisticalp problem.”
U.S. Army officials worked feverishly over the past week topull St. John Propertiesd into the fold, fearful the projecyt would come to a halt if Opus East filed for bankruptch protection before an arrangement couldfbe struck, company spokesman Gerare J. Wit said in a telephone interview “It was a real round-the-clock, week-long effort to get this Wit said. “We’re going to get in and try to kick-stary this right away.” Aberdeen is gearinyg up for a significanyt influx of military jobs underthe Pentagon’s Base Realignmeng and Closure plan, expected to be completec by September 2011.
About 8,2000 military jobs will be transferred to the in addition to as manyas 18,000 privat e contracting jobs from companies that do business with the incomingg military agencies. The selected St. John Properties to take over the Governmenyt and Technology Enterprise business park because of theBaltimorre developer’s ability to move forward with new construction, Bob program director with the Army Corps, said in a As in taking over the project, including OFC) and Manekin LLC.
Opus East was awardes rights to developthe government-owned land under a lease with the Army in Novembefr 2007 and broke ground on its firstr building in December of that Since then, the company became straddled with million s of dollars in construction loans it has been unabld to refinance, and the company has not started any new constructionh at the project for more than a year. The deal was inkexd June 19 betweenOpus St. John Properties and the Wit said. St. John and the Army Corps of Engineeras issued statements Tuesday announcing the Witsaid St. John will pay Opus East an undisclosed amount of money for its development rightsat Aberdeen. In connection with the deal, St.
John has hired Opus East projecg manager Matthew Holbrook to oversee the GATE project as its directod of defense andgovernment “Aberdeen Proving Ground is excited about movin g the project forward with St. John Tim McNamara, APG deputy garrison said in a statement. “We conside it a positive step to have their experienced managemenr team spearheadingthe build-out of this project.” As the to help it considerr options including bankruptcy. Its parentf company, , has also sought bankruptcu protectionfor it’s Opus Southn subsidiary and for two more subsidiaries of its Opus West regionall operation. Opus Corp.
spokeswoman Winstoj Hewett said Opus East is stilo evaluating its options but has not made any decisionasabout bankruptcy. The company was force d to relinquish its rights to the Aberdeen projecf because it has been unable to finance morethan $50 milliohn in construction loans it took out to finances its projects. Most pressing amont those debtsis $35 million the developer speny to build a new headquarters for the National Oceanicv and Atmospheric Administration in College Park, for which it has sued the federalo government to collect its wagesa on that project, Hewett said. St.
John planas to break ground in the next two month on at least three new buildings at the Harfors Countymilitary base, with commitmentw from defense contractors for up to 300,0090 square feet of office, research and developmenf space, Wit said. Wit did not disclosr the names of any ofthose tenants. Those buildings would be in additionb toa 60,000-square-foot building Opus East completed in December 2008 for defense contractor “We view this development as the most significant commerciaol real estate opportunity in the historyh of our company,” St. John President Edward A. St.
John said in a “This is based on the amounf of square footage that can eventually be developerd as well as the important work that will be completedeby end-users that occupy this space.” St. John Properties is the third-largestf property management firm inGreater Baltimore, with nearly 11 milliojn square feet of commercialk space in the region. But takingv over the Aberdeen project representz a shift for the which has sought to tap into the demanrd for government contracting space upuntil now. Wit said the compan has also sought in the past to buy land for its own rather than to lease property from the government such asat Aberdeen.
Opus East preliminarily received commitmentss from firms seeking space atits 413-acre Government and Technology Enterprise business park but did not start any additiona construction. The developer was unwilling to divid any of its buildingsinto multi-tenanted Wit said, preferring instead to construct buildings for a single That’s created a pent-uo demand for companies seeking from 5,000 square feet to upwarx of 20,000 square feet, Wit said.
“For all the hooplaq that BRAC has brought, there’s really only one buildinhg that Opus was ableto build,” Wit “If you don’t have the place to park those people, if you don’ t have the buildings to put them in, therse was going to be a real logisticalp problem.”
Sunday, February 20, 2011
Clark County mustard maker to add facility - Dayton Business Journal:
rubber roofing
, a fourth-generation, family ownee company, plans to buildf at least 60,000 square feet of new warehouse and distributiohn space inMorefield Township, north of Springfield, said Shane Clark County planning director. Woeber makes different types of mustard and horseradish sauce for consumers and the foodservice industry. The company is investing about $5.3 million to buildr the facility, according to an applicatiom it filed for a localtax abatement. Springfield-basefd Kapp Construction Inc. is building the facility and alread y hasbroken ground. Farnsworth said the compang is expanding, not relocating out of Springfield, whicyh is a misconception that he said hascrepyt up.
Currently, Woeber occupies more than 100,000 squarew feet of office and production spacein Springfield, employing about 140 The new jobs created for the distributiojn facility will pay between $25,000 and $35,009 a year, according to the Woeber officials did not return calls seeking The Clark County Commission is expecterd to vote soon on $350,000 in tax abatements to facilitatee the expansion. Morefield Township trusteexs already have approved the provided the company use part of the money it saves from the abatement to provide localacademic scholarships, Farnsworth said.
Clark County Commissioner John Detricik said Woeber Mustard is a good example of the patchworkj of companies in his county that are thriving despite a general economicdownturn nationwide. He said he is particularlyy happy to see Woeber doing well because the family is deeplg rooted inthe community. Detrick said many companies thrive near Springfiels because of its interstate which can place distributors to half ofthe country's plus Canada, within a day's In recent years, other food makerxs and distributors, such and have expandec their Clark County operations. Bob Evans announced last year it would expansd its Springfield facilityby 65,000 square adding 20 jobs to the 43 there.
, a fourth-generation, family ownee company, plans to buildf at least 60,000 square feet of new warehouse and distributiohn space inMorefield Township, north of Springfield, said Shane Clark County planning director. Woeber makes different types of mustard and horseradish sauce for consumers and the foodservice industry. The company is investing about $5.3 million to buildr the facility, according to an applicatiom it filed for a localtax abatement. Springfield-basefd Kapp Construction Inc. is building the facility and alread y hasbroken ground. Farnsworth said the compang is expanding, not relocating out of Springfield, whicyh is a misconception that he said hascrepyt up.
Currently, Woeber occupies more than 100,000 squarew feet of office and production spacein Springfield, employing about 140 The new jobs created for the distributiojn facility will pay between $25,000 and $35,009 a year, according to the Woeber officials did not return calls seeking The Clark County Commission is expecterd to vote soon on $350,000 in tax abatements to facilitatee the expansion. Morefield Township trusteexs already have approved the provided the company use part of the money it saves from the abatement to provide localacademic scholarships, Farnsworth said.
Clark County Commissioner John Detricik said Woeber Mustard is a good example of the patchworkj of companies in his county that are thriving despite a general economicdownturn nationwide. He said he is particularlyy happy to see Woeber doing well because the family is deeplg rooted inthe community. Detrick said many companies thrive near Springfiels because of its interstate which can place distributors to half ofthe country's plus Canada, within a day's In recent years, other food makerxs and distributors, such and have expandec their Clark County operations. Bob Evans announced last year it would expansd its Springfield facilityby 65,000 square adding 20 jobs to the 43 there.
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