DAWN.com | Three-day pillion riding ban imposed in Karachi DAWN.com KARACHI: The Government of Sindh on Monday imposed a ban on pillion riding in Karachi for three days as a measure for maintaining peace in the commercial capital as the year draws to a close. The ban will be effective from 5 pm today, Dec 31, 2012 and ... Ban imposed on pillion ridi ng Sindh government, however, imposes a three-day ban on aerial firing, pillion ... Three-day ban on pillion riding imposed |
Monday 31 December 2012
Three-day pillion riding ban imposed in Karachi - DAWN.com
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Sunday 30 December 2012
Refi rally for TexasLending.com - Washington Business Journal:
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As many as 120 loan consultants, underwriters, accounting loan processors, loan closers and clerica l positions payingbetween $30,000 to more than $100,000 a year will be said Kevin Miller, president, CEO and founder of TexasLending.com. The jobs will be addes beginning in August and will be phased in during the next six tonine months, he The company has 160 employees now, down from 180 at the peak of the Norty Texas housing boom two years ago. Low mortgag e rates and Miller’s expectatiojn of climbing home sales are spurrinfthe company’s growth, he said.
“Wes expect rates to be low for the next year and a then we expect home purchasing to be strong afterf thatin Texas,” he said. The local housinfg market certainly has a lot of grounto recover. New-home sales in the Dallas-Fort Wort area were down 40% for the first four monthe of the year compared to the same perioxin 2008, and sales of pre-owned single-family homes were down 24% durinb that period, according to housiny market analyst David Brown, director of the Dallas office of There were 4,191 new-homde closings and 18,442 resales in the area through he said. Brown expects 2009 salese to trail year-ago numbers for the remainded ofthe year.
“We do expect to beginh to see some modest recovery in term of transactions beginningin 2010, assuminh we see the national economy begin to turn around and we see the jobs picturr begin to improve,” he said. About 70% of TexasLending.com’ business today is refinancing, compared with 40% to 50% at this time last Miller said. TexasLending.com closes $60 milliob to $80 million in monthly loan volume now, or about $850 million annually, Miller said. With the additionalk employees, Miller’s goal is to reachu $3 billion to $4 billion in annual loan volumre in the nextfive years, he said.
The compan y provides residential mortgage loansin Oklahoma, Florida, Michigan, Missouri and servicing all of them from the Dallas For the week ending May 22, mortgag loan application volume nationwide was up 28.5 % compared with the same week one year earlier, accordinv to a weekly survey by the Mortgage Bankers Refinancings made up 69.3% of the mortgages activity. Loan volume in Texas was $11.y7 billion in the first quarter ofthis year, down slightlyy from $12.4 billion in 2008, according to the Texas Mortgage Bankers Associatio statistics.
Mortgage industry employment in Texaws fell by more thana 30% from 2007 to but has since stabilized, said Scott Norman, vice president of the Texads Mortgage Bankers Association. Normanb said he’s heard anecdotally that the surge in refinancings is promptin mortgage lenders toadd employees, but he did not have specifixc industry employment numbers. To make room for new TexasLending.com has signed a lease for 69,000 square feet in its existinf location at 4100 Alpha Road inDallads — more than triple the size it currently said Ben Hautt with the commercial real estatr firm Stream Realty Partners LP.
Hautt recentlh left Stream’s Dallas office to launcnh the company’s office in Atlanta, whers he is managing partner. TexasLending.com will beginn moving into its expanded spacein August, after the completion of renovationw that are now under way. After TexasLending.com will occupy all of the third, fourtgh and fifth floor and part of the first floot inthe 11-story building, Hautt said. “It’s an and today that’s not something you see a lot Hautt said. “They’re thriving in the currenyt economy.” The 227,000-square-foot building at 4100 Alphza Road is part ofThe Centre, an 11-buildingv office complex north of Interstate 635 off Midwagy Road.
The asking lease rate for the spacw isabout $16.50 per square Hautt and Stream Realty colleagues Ben Sumner and Chad Hennings represented TexasLending.com in the lease, and Buddy Tompkins and Seth Thatcher of commercial real estate firm GVA Cawley represented the Hautt said TexasLending.com searched the market before decidingv to expand within its existinvg building.
As many as 120 loan consultants, underwriters, accounting loan processors, loan closers and clerica l positions payingbetween $30,000 to more than $100,000 a year will be said Kevin Miller, president, CEO and founder of TexasLending.com. The jobs will be addes beginning in August and will be phased in during the next six tonine months, he The company has 160 employees now, down from 180 at the peak of the Norty Texas housing boom two years ago. Low mortgag e rates and Miller’s expectatiojn of climbing home sales are spurrinfthe company’s growth, he said.
“Wes expect rates to be low for the next year and a then we expect home purchasing to be strong afterf thatin Texas,” he said. The local housinfg market certainly has a lot of grounto recover. New-home sales in the Dallas-Fort Wort area were down 40% for the first four monthe of the year compared to the same perioxin 2008, and sales of pre-owned single-family homes were down 24% durinb that period, according to housiny market analyst David Brown, director of the Dallas office of There were 4,191 new-homde closings and 18,442 resales in the area through he said. Brown expects 2009 salese to trail year-ago numbers for the remainded ofthe year.
“We do expect to beginh to see some modest recovery in term of transactions beginningin 2010, assuminh we see the national economy begin to turn around and we see the jobs picturr begin to improve,” he said. About 70% of TexasLending.com’ business today is refinancing, compared with 40% to 50% at this time last Miller said. TexasLending.com closes $60 milliob to $80 million in monthly loan volume now, or about $850 million annually, Miller said. With the additionalk employees, Miller’s goal is to reachu $3 billion to $4 billion in annual loan volumre in the nextfive years, he said.
The compan y provides residential mortgage loansin Oklahoma, Florida, Michigan, Missouri and servicing all of them from the Dallas For the week ending May 22, mortgag loan application volume nationwide was up 28.5 % compared with the same week one year earlier, accordinv to a weekly survey by the Mortgage Bankers Refinancings made up 69.3% of the mortgages activity. Loan volume in Texas was $11.y7 billion in the first quarter ofthis year, down slightlyy from $12.4 billion in 2008, according to the Texas Mortgage Bankers Associatio statistics.
Mortgage industry employment in Texaws fell by more thana 30% from 2007 to but has since stabilized, said Scott Norman, vice president of the Texads Mortgage Bankers Association. Normanb said he’s heard anecdotally that the surge in refinancings is promptin mortgage lenders toadd employees, but he did not have specifixc industry employment numbers. To make room for new TexasLending.com has signed a lease for 69,000 square feet in its existinf location at 4100 Alpha Road inDallads — more than triple the size it currently said Ben Hautt with the commercial real estatr firm Stream Realty Partners LP.
Hautt recentlh left Stream’s Dallas office to launcnh the company’s office in Atlanta, whers he is managing partner. TexasLending.com will beginn moving into its expanded spacein August, after the completion of renovationw that are now under way. After TexasLending.com will occupy all of the third, fourtgh and fifth floor and part of the first floot inthe 11-story building, Hautt said. “It’s an and today that’s not something you see a lot Hautt said. “They’re thriving in the currenyt economy.” The 227,000-square-foot building at 4100 Alphza Road is part ofThe Centre, an 11-buildingv office complex north of Interstate 635 off Midwagy Road.
The asking lease rate for the spacw isabout $16.50 per square Hautt and Stream Realty colleagues Ben Sumner and Chad Hennings represented TexasLending.com in the lease, and Buddy Tompkins and Seth Thatcher of commercial real estate firm GVA Cawley represented the Hautt said TexasLending.com searched the market before decidingv to expand within its existinvg building.
Saturday 29 December 2012
Selling a business now may make economic sense - Denver Business Journal:
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When housing prices headexd south, many homeowners refused to sell, or at least strongly resisted selling, their houses for less than the values they perceived they were worthu theyear before. The result was that many housexs were overpriced and sat on the markey for months before the owners eitherr conceded to reality by marking thepricesw down, or simply took their homes off the A similar mindset is occurring in many situations in whichy there is a business for Owners who may want to sell, but who are not beinb forced to sell because of personal or other forces, are resisting selling at lower multiplexs than their cohorts sold for in the relatively recentr past. But is that rational?
If we look back threw or four years from now and pricees havegone up, it may be. However, it may also prove to be a bad It’s extremely difficult, at best, to accuratelgy forecast where prices for publiclyh traded or privately held companies will be at any pointy inthe future. And they may go down even Manypeople forecast, but the key word is ”accurately.” It may be totallyg rational to sell now, even if prices are Earnings multiples that companies sell for in the markety at any specific point in time vary widel y depending on macro factors such as trends in the current economic technology changes, population growth and geographixc location.
Individual company characteristics, such as product lines, managemen and employee quality and company reputation may have majotr impacts on the value ofthe company. Regardless of the specifice ofthe company, macroeconomic turmoil such as we’re going througgh right now will have a major negatives impact on the vast majority of companies. A few may buck the but not many. Let’s say you own a companyg that has fallen in value in the past year from nine timesd earnings to sixtimes earnings. That’s a 33 percentf drop. If you have an offer to sell at six should youtake it? There is no definitive answer, becaus ultimately it depends on many personal and business factors.
But what you can say is if youdo sell, you may not be any worss off, and in fact, you may be betted off than if you had sold a year or two ago at a nine timex multiple. Here’s why: Over the past two yearas or so, the prices of many major itemw that affect our lives havedropped precipitously. Althoughy these numbers vary a little dayto day, here are a few Housing: Top 20 U.S. markets, down about 32 percent from the Florida, down more than 20 percent fromthe Miami, down about 47 percent from the Tampa: down about 41 percent from the Crude oil: down more than 55 percent from the Gas at the pump: down abourt 40 percent from the peak.
corn, down about 45 percent from recentg highs; steel, down more than 50 percent fromrecenrt highs; broad index, down almost 50 percen t from recent highs. Mortgage rates, 30-yeard fixed: currently at 40-year lows of less than 5 percentgannual rate. Stock prices: down aboug 40 percent from the Octoberf2007 high. Sellers may not be able to get the same prices for their businesses that they could two or threeyearsd ago. However, the prices of many of the majord items that they will invest in or consume with that money have fallenm at least as much as the prices oftheirr businesses. Food, energy, consumer goods and housing prices have fallej and are either stablse or decliningeven more.
Investments such as real estate and stockds have fallen significantly as On arelative basis, business owners may be no wors e off and, in fact, may be better off if they sell now in a broadlh depressed market. If an owner wantes to sell or has to sellfor personal, healtj or other reasons but waits until the value of the business he or she could be making a major First, the value of the businesz may not recover for a long time, if If the reason for selling is, say, health-related, it may be too late Secondly, if the value of the business recovers, the valuw of all of the items shown abovw will surely rise as well, wipinh out most or all of the advantage of
When housing prices headexd south, many homeowners refused to sell, or at least strongly resisted selling, their houses for less than the values they perceived they were worthu theyear before. The result was that many housexs were overpriced and sat on the markey for months before the owners eitherr conceded to reality by marking thepricesw down, or simply took their homes off the A similar mindset is occurring in many situations in whichy there is a business for Owners who may want to sell, but who are not beinb forced to sell because of personal or other forces, are resisting selling at lower multiplexs than their cohorts sold for in the relatively recentr past. But is that rational?
If we look back threw or four years from now and pricees havegone up, it may be. However, it may also prove to be a bad It’s extremely difficult, at best, to accuratelgy forecast where prices for publiclyh traded or privately held companies will be at any pointy inthe future. And they may go down even Manypeople forecast, but the key word is ”accurately.” It may be totallyg rational to sell now, even if prices are Earnings multiples that companies sell for in the markety at any specific point in time vary widel y depending on macro factors such as trends in the current economic technology changes, population growth and geographixc location.
Individual company characteristics, such as product lines, managemen and employee quality and company reputation may have majotr impacts on the value ofthe company. Regardless of the specifice ofthe company, macroeconomic turmoil such as we’re going througgh right now will have a major negatives impact on the vast majority of companies. A few may buck the but not many. Let’s say you own a companyg that has fallen in value in the past year from nine timesd earnings to sixtimes earnings. That’s a 33 percentf drop. If you have an offer to sell at six should youtake it? There is no definitive answer, becaus ultimately it depends on many personal and business factors.
But what you can say is if youdo sell, you may not be any worss off, and in fact, you may be betted off than if you had sold a year or two ago at a nine timex multiple. Here’s why: Over the past two yearas or so, the prices of many major itemw that affect our lives havedropped precipitously. Althoughy these numbers vary a little dayto day, here are a few Housing: Top 20 U.S. markets, down about 32 percent from the Florida, down more than 20 percent fromthe Miami, down about 47 percent from the Tampa: down about 41 percent from the Crude oil: down more than 55 percent from the Gas at the pump: down abourt 40 percent from the peak.
corn, down about 45 percent from recentg highs; steel, down more than 50 percent fromrecenrt highs; broad index, down almost 50 percen t from recent highs. Mortgage rates, 30-yeard fixed: currently at 40-year lows of less than 5 percentgannual rate. Stock prices: down aboug 40 percent from the Octoberf2007 high. Sellers may not be able to get the same prices for their businesses that they could two or threeyearsd ago. However, the prices of many of the majord items that they will invest in or consume with that money have fallenm at least as much as the prices oftheirr businesses. Food, energy, consumer goods and housing prices have fallej and are either stablse or decliningeven more.
Investments such as real estate and stockds have fallen significantly as On arelative basis, business owners may be no wors e off and, in fact, may be better off if they sell now in a broadlh depressed market. If an owner wantes to sell or has to sellfor personal, healtj or other reasons but waits until the value of the business he or she could be making a major First, the value of the businesz may not recover for a long time, if If the reason for selling is, say, health-related, it may be too late Secondly, if the value of the business recovers, the valuw of all of the items shown abovw will surely rise as well, wipinh out most or all of the advantage of
Thursday 27 December 2012
GTC's future clouded as cash dwindles - Boston Business Journal:
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The Framingham, Mass., biotech GTCB) said in its year-enc earnings release that its auditing firm, PricewaterhouseCooperes LLP, will detail in the company’s yet-to-be filed annualo report its “substantial doubt” that the company will be able to continur as a viable entity because of its cash burn rate and relativel y small amount of cashon hand. At year’s end, GTC had $11.76 million in cash and marketable securities, comparexd with $15.8 million at the end of 2007. The company expectzs to burn through anadditional $18 million to $22 milliomn this year, including projected revenues from partnershipse yet to be signed. GTC’s fourth quarter revenue fell to $1.
0 from $3.1 million in the same period in 2007. Its net loss for the fourtg quartertotaled $6.2 million, comparede with $9.8 million in 2007. For the full GTC’s revenue grew 19.9 percent to $16.7 million on increase s in services provided to a single Its net loss narrowed 38 percentto $22.7 million.
The Framingham, Mass., biotech GTCB) said in its year-enc earnings release that its auditing firm, PricewaterhouseCooperes LLP, will detail in the company’s yet-to-be filed annualo report its “substantial doubt” that the company will be able to continur as a viable entity because of its cash burn rate and relativel y small amount of cashon hand. At year’s end, GTC had $11.76 million in cash and marketable securities, comparexd with $15.8 million at the end of 2007. The company expectzs to burn through anadditional $18 million to $22 milliomn this year, including projected revenues from partnershipse yet to be signed. GTC’s fourth quarter revenue fell to $1.
0 from $3.1 million in the same period in 2007. Its net loss for the fourtg quartertotaled $6.2 million, comparede with $9.8 million in 2007. For the full GTC’s revenue grew 19.9 percent to $16.7 million on increase s in services provided to a single Its net loss narrowed 38 percentto $22.7 million.
Wednesday 26 December 2012
Ryder donates $1M to Red Cross - Minneapolis / St. Paul Business Journal:
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The foundation, affiliated with Miami-basecd (NSYE: R), will give $850,000 to the Americab Red Cross Disaster Relief Fundand $150,000 to the Greaterf Miami & the Keys Red Cross chapter. In making the Ryder becomes the newest memberd of the American Red Cross Annualk DisasterGiving Program, which includes , , , , , , , and . Gail president and CEO of the Greater Miami AmericanjRed Cross, said the program provides resources to help with a varieth of disasters, ranging from apartment or housde fires to hurricane relief. Ryder's announcement came on the openin g day of the 2009hurricane season.
Rydee is extending preferred pricing for rental vehiclesd to all local Red Cross chaptersz inthe U.S., and will encourage its 20,0090 U.S. employees to help suppor t disaster preparednessand response. “The American Red Cross is one of the most well respectee charitable organizations in the world and we greatly value the contribution s it makes to communities where we liveand work,” Rydetr Chairman and CEO Greg Swienton said in a news “As a transportation and logistices provider, we also understand the complexity and deptbh of timely resources needed to respone to disasters.
It is this strong linkage betweej Ryder’s business and the Red operational needs that drovd us to select the Red Crossas Ryder’a primary, national charitable partner."
The foundation, affiliated with Miami-basecd (NSYE: R), will give $850,000 to the Americab Red Cross Disaster Relief Fundand $150,000 to the Greaterf Miami & the Keys Red Cross chapter. In making the Ryder becomes the newest memberd of the American Red Cross Annualk DisasterGiving Program, which includes , , , , , , , and . Gail president and CEO of the Greater Miami AmericanjRed Cross, said the program provides resources to help with a varieth of disasters, ranging from apartment or housde fires to hurricane relief. Ryder's announcement came on the openin g day of the 2009hurricane season.
Rydee is extending preferred pricing for rental vehiclesd to all local Red Cross chaptersz inthe U.S., and will encourage its 20,0090 U.S. employees to help suppor t disaster preparednessand response. “The American Red Cross is one of the most well respectee charitable organizations in the world and we greatly value the contribution s it makes to communities where we liveand work,” Rydetr Chairman and CEO Greg Swienton said in a news “As a transportation and logistices provider, we also understand the complexity and deptbh of timely resources needed to respone to disasters.
It is this strong linkage betweej Ryder’s business and the Red operational needs that drovd us to select the Red Crossas Ryder’a primary, national charitable partner."
Tuesday 25 December 2012
Fontainebleau's Soffer caught by Lehman Bros. bankruptcy - Business Courier of Cincinnati:
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“When the retail division of the project lost accesds to fundingthrough Lehman, it was unablr to repay the resort for its share of said Scott Baena, of Bilzin Sumberg Baenwa Price Axelrod, who represents Fontainebleauu Las Vegas LLC in the bankruptcy. “Thayt put enormous stress on theresort entity, and that was the beginningy of the problems.” Fontainebleau Las Vegaxs LLC and two of its affiliates filed bankruptcy petitions in Miami late Tuesday. The Fontainebleaiu Miami Beach is not included inthe filing.
Soffer, also principao with Turnberry construction and development has partial, personal guarantees on portionse of the retail component of the Las Vegasd project, but those portions are not in bankruptcy yet, Baena said. The complex is 70 percent SinceDecember 2008, Lehman refuses to make any advances underd the project’s $315 million constructiobn loan, according to a motioj to maintain cash management filed in the After Lehman’s refusals, money stopped flowing througn the retail entity to the resort entity. In other lenders pulled their financing, and constructionj on the resort stoppedin May, Baen said.
The company said in a news release that the decision to file Chapter 11 was the resul of litigation with the other lenders on projecrt aboutnearly $800 million in construction funding for the project. Otherr lenders include , JPMorgan Chasd Bank and Deutsche BankTrust Co. Americas. In the shor t term, the company is seeking to stabilizd and protect the finished portion ofthe building, Baena said. “It’se no longer possible to downsizethe building,” he said. “The 30 percen t remaining construction is principallythe interior. We’ver got a lovely building waiting tobe finished.
”
“When the retail division of the project lost accesds to fundingthrough Lehman, it was unablr to repay the resort for its share of said Scott Baena, of Bilzin Sumberg Baenwa Price Axelrod, who represents Fontainebleauu Las Vegas LLC in the bankruptcy. “Thayt put enormous stress on theresort entity, and that was the beginningy of the problems.” Fontainebleau Las Vegaxs LLC and two of its affiliates filed bankruptcy petitions in Miami late Tuesday. The Fontainebleaiu Miami Beach is not included inthe filing.
Soffer, also principao with Turnberry construction and development has partial, personal guarantees on portionse of the retail component of the Las Vegasd project, but those portions are not in bankruptcy yet, Baena said. The complex is 70 percent SinceDecember 2008, Lehman refuses to make any advances underd the project’s $315 million constructiobn loan, according to a motioj to maintain cash management filed in the After Lehman’s refusals, money stopped flowing througn the retail entity to the resort entity. In other lenders pulled their financing, and constructionj on the resort stoppedin May, Baen said.
The company said in a news release that the decision to file Chapter 11 was the resul of litigation with the other lenders on projecrt aboutnearly $800 million in construction funding for the project. Otherr lenders include , JPMorgan Chasd Bank and Deutsche BankTrust Co. Americas. In the shor t term, the company is seeking to stabilizd and protect the finished portion ofthe building, Baena said. “It’se no longer possible to downsizethe building,” he said. “The 30 percen t remaining construction is principallythe interior. We’ver got a lovely building waiting tobe finished.
”
Sunday 23 December 2012
Bradenton Holiday Inn Express owners seek bankruptcy protection - South Florida Business Journal:
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Sroka Hospitality filed for Chapter 11 protection Monday inthe ’se Middle District of Florida claiming assets and liabilitiee of between $1 million and $10 court documents said. Sroka Hospitalit was founded in 2003 and purchased the Bradentonh hotel in 2007for $7.2 million, according to the company’s case managemengt summary filed with the Revenue was about $1.8 million in 2008 and is expected to be almosr half that in 2009 at $1 million. Bank of the West is stilol owed $4.3 million while the is owed justundere $2 million, documents said. The hoteo also owes $102,000 to the Manatee County Tax a debt thecompany disputes. Both loans were handle d throughthe .
Bank of the West said the hotel’e value has fallen from $7.2 million to $2.8 million based on its own appraisal, however, Sroka Hospitality said it believese the property isworth more. The hotel, located near Stat e Road 64 and Interstatew 75in Bradenton, sold in 2004 for $4.35t million. Sroka Hospitality purchased it afterd the company soldits St. Augustin e hotel in favor of having a Holidagy Inn Expressbranded hotel, according to publishedc reports.
Sroka Hospitality filed for Chapter 11 protection Monday inthe ’se Middle District of Florida claiming assets and liabilitiee of between $1 million and $10 court documents said. Sroka Hospitalit was founded in 2003 and purchased the Bradentonh hotel in 2007for $7.2 million, according to the company’s case managemengt summary filed with the Revenue was about $1.8 million in 2008 and is expected to be almosr half that in 2009 at $1 million. Bank of the West is stilol owed $4.3 million while the is owed justundere $2 million, documents said. The hoteo also owes $102,000 to the Manatee County Tax a debt thecompany disputes. Both loans were handle d throughthe .
Bank of the West said the hotel’e value has fallen from $7.2 million to $2.8 million based on its own appraisal, however, Sroka Hospitality said it believese the property isworth more. The hotel, located near Stat e Road 64 and Interstatew 75in Bradenton, sold in 2004 for $4.35t million. Sroka Hospitality purchased it afterd the company soldits St. Augustin e hotel in favor of having a Holidagy Inn Expressbranded hotel, according to publishedc reports.
Saturday 22 December 2012
Mass. nonprofits wary of charitable cap - Boston Business Journal:
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Sensing fresh financial pressure, local nonprofit leaders were noticeablg sober as they absorbed theObama Administration’s tax proposal, craftecd by a president who was elected with a gush of goodwilk from the nonprofit sector. The plan would increase the tax rate forthe nation’sx highest income earners and lower the rate at which certainh itemized deductions, including charitable giving, could be takenh to offset tax liability.
Supporg for Obama aside, and promising to give him more time to work throug hthe details, leaders of the state’s nonprofit sector generall agreed that his plan wouls hinder fundraising, no matter how committed the “With economic uncertainty greatly affecting the socia l service sector, we should be thinkingh of incentives so thesre organizations will get more help insteard of disincentives so they get less,” said Michael president and CEO of the The crux of the issu e is not whether Obama’s plan implemented in a recessionm would turn away some high net worth but by how much especially in Massachusetts, where a greater than averagde amount of philanthropic dollars come from donors in the highest tax bracketg and where nearly three-quarters of voters in the 2000 electiomn swept in a state charitable deduction law that was eliminated by the cash-strappex Legislature after just one “It starts from the heart and the tax breakws loosen the heart strings.
What encourages a donor to move forward is not theidea ‘I’ll get a tax break for it,’ said Nadia Yassa, director of estate and gift planning for . “Wha t a donor might think is, ‘Now that I’jm not getting as large a tax how much can I affordto give?’ Under the plan, individuals makinf $200,000 or more and households earning $250,000 or more would see certain itemizedc deductions reduced to 28 percent and the highesf income tax bracket increased to 39.6 percentf from 35 percent.
Simply put, the plan would cut the tax benefitf for each dollar given to charity while increasing the tax liability forthe nation’s top-tier The concern is that wealthgy donors would lose financial interesyt in charitable giving, particularly those with sufferinvg investment portfolios and shrinking cash flow, their passion for a nonprofit missiob weighed against the stark reality of dwindling personal wealth. Answers are not definitive as to howdeeplyt Obama’s plan would impact but the data leans in the same direction.
The , for one, has calculaterd that if the president’s proposal had been implementedin 2006, charitabled giving that year would have dropped nearlgy $4 billion, or 2.1 percent. And that was beforse recessionary belt-tightening. Meanwhile, nonprofits are fighting to keepdonora invested. saw individual donations declinee to 9 percent in 2008 from 12 percentyin 2007. “We don’t want to give people any reasomn tonot give, especially not now,” said Deborah Re, chievf executive officer. Cradles to Crayons has experienced a similar negative trencd with individual donations over the past two although its donor base hasgrownm overall.
Meanwhile, demand for services is “going nowherwe but up,” forcing the organization to “look cautiousl at operations,” said Jenniferr White, director of development and strategic partnerships. a Malden-based organization workingt with people whohave disabilities, expects to raise $350,000 from individuals out of this year’s $900,000 fundraising budget. “This is a concerbn for us,” said Michaeol Rodrigues, CEO, referring to the tax proposal. “Oufr major donors who support other causes have to be careful abouttotal giving.
” The president’s plan coulf take a big bite out of philanthropy in where an above average amount of charitablwe dollars come from the state’s wealthiest, according to a 2007 studyt by the and Philanthropy. The national study dividefd charitable givers into three incom ecategories — low, middle and high and the results ranked Massachusetts near the top in the numberf of donors from the highest-incomre group, those earning $100,000 or In addition, Massachusetts taxpayers have demonstratexd their affinity for charitable deductions, approving a ballot measure in the 2000 electionh with 72 percent of the vote.
The state charitable deductioj took effectin 2001, but the Legislature eliminated it aftetr a year, arguing that Massachusettas needed more tax revenue. For the year the deductiomn wasin place, 1.6 million statre taxpayers claimed $3.6 billion in charitable contributions upwards of $160 million in tax deductions, accordingb to the Massachusetts Departmengt of Revenue. At the time, the Senate Ways and Means Committee reported that eliminatingh the charitable deduction wasa measure, but it has not been restored.
“Oncse in place, it’s dubiouzs public policy to cut back especially inhard times, because restoring them is politicallty difficult,” said George McCully, president of Catalogue for Philanthropy.
Sensing fresh financial pressure, local nonprofit leaders were noticeablg sober as they absorbed theObama Administration’s tax proposal, craftecd by a president who was elected with a gush of goodwilk from the nonprofit sector. The plan would increase the tax rate forthe nation’sx highest income earners and lower the rate at which certainh itemized deductions, including charitable giving, could be takenh to offset tax liability.
Supporg for Obama aside, and promising to give him more time to work throug hthe details, leaders of the state’s nonprofit sector generall agreed that his plan wouls hinder fundraising, no matter how committed the “With economic uncertainty greatly affecting the socia l service sector, we should be thinkingh of incentives so thesre organizations will get more help insteard of disincentives so they get less,” said Michael president and CEO of the The crux of the issu e is not whether Obama’s plan implemented in a recessionm would turn away some high net worth but by how much especially in Massachusetts, where a greater than averagde amount of philanthropic dollars come from donors in the highest tax bracketg and where nearly three-quarters of voters in the 2000 electiomn swept in a state charitable deduction law that was eliminated by the cash-strappex Legislature after just one “It starts from the heart and the tax breakws loosen the heart strings.
What encourages a donor to move forward is not theidea ‘I’ll get a tax break for it,’ said Nadia Yassa, director of estate and gift planning for . “Wha t a donor might think is, ‘Now that I’jm not getting as large a tax how much can I affordto give?’ Under the plan, individuals makinf $200,000 or more and households earning $250,000 or more would see certain itemizedc deductions reduced to 28 percent and the highesf income tax bracket increased to 39.6 percentf from 35 percent.
Simply put, the plan would cut the tax benefitf for each dollar given to charity while increasing the tax liability forthe nation’s top-tier The concern is that wealthgy donors would lose financial interesyt in charitable giving, particularly those with sufferinvg investment portfolios and shrinking cash flow, their passion for a nonprofit missiob weighed against the stark reality of dwindling personal wealth. Answers are not definitive as to howdeeplyt Obama’s plan would impact but the data leans in the same direction.
The , for one, has calculaterd that if the president’s proposal had been implementedin 2006, charitabled giving that year would have dropped nearlgy $4 billion, or 2.1 percent. And that was beforse recessionary belt-tightening. Meanwhile, nonprofits are fighting to keepdonora invested. saw individual donations declinee to 9 percent in 2008 from 12 percentyin 2007. “We don’t want to give people any reasomn tonot give, especially not now,” said Deborah Re, chievf executive officer. Cradles to Crayons has experienced a similar negative trencd with individual donations over the past two although its donor base hasgrownm overall.
Meanwhile, demand for services is “going nowherwe but up,” forcing the organization to “look cautiousl at operations,” said Jenniferr White, director of development and strategic partnerships. a Malden-based organization workingt with people whohave disabilities, expects to raise $350,000 from individuals out of this year’s $900,000 fundraising budget. “This is a concerbn for us,” said Michaeol Rodrigues, CEO, referring to the tax proposal. “Oufr major donors who support other causes have to be careful abouttotal giving.
” The president’s plan coulf take a big bite out of philanthropy in where an above average amount of charitablwe dollars come from the state’s wealthiest, according to a 2007 studyt by the and Philanthropy. The national study dividefd charitable givers into three incom ecategories — low, middle and high and the results ranked Massachusetts near the top in the numberf of donors from the highest-incomre group, those earning $100,000 or In addition, Massachusetts taxpayers have demonstratexd their affinity for charitable deductions, approving a ballot measure in the 2000 electionh with 72 percent of the vote.
The state charitable deductioj took effectin 2001, but the Legislature eliminated it aftetr a year, arguing that Massachusettas needed more tax revenue. For the year the deductiomn wasin place, 1.6 million statre taxpayers claimed $3.6 billion in charitable contributions upwards of $160 million in tax deductions, accordingb to the Massachusetts Departmengt of Revenue. At the time, the Senate Ways and Means Committee reported that eliminatingh the charitable deduction wasa measure, but it has not been restored.
“Oncse in place, it’s dubiouzs public policy to cut back especially inhard times, because restoring them is politicallty difficult,” said George McCully, president of Catalogue for Philanthropy.
Tuesday 18 December 2012
Ohio University names new provost - Business First of Columbus:
kapitonragomo.blogspot.com
Named executive vice president and provost this week wasPamel Benoit, vice provost for advanced studiee and dean of the graduate school at the Universithy of Missouri. Benoit, who will starf July 1, has more than 20 yearss in academic andadministrative jobs, the schoolp said. She’ll make an annualo salary of $250,000, said Rebeccaw Watts, a spokesman in the office of OU PresidentRodericki McDavis. Also joining Ohio Universityy willbe Benoit’s husband, who becomes a professor in the communication studiesz school at the Scripp s College of Communication. William Benoit was a communicationa department professorat Missouri.
Krend l is set to take the Otterbein job in July after serving as provosrt at the Athens schoolsince 2004. She’z replacing Brent DeVore, who is retiring June 30 aftedr 25 years as presiden ofthe 3,100-student, private liberal arts
Named executive vice president and provost this week wasPamel Benoit, vice provost for advanced studiee and dean of the graduate school at the Universithy of Missouri. Benoit, who will starf July 1, has more than 20 yearss in academic andadministrative jobs, the schoolp said. She’ll make an annualo salary of $250,000, said Rebeccaw Watts, a spokesman in the office of OU PresidentRodericki McDavis. Also joining Ohio Universityy willbe Benoit’s husband, who becomes a professor in the communication studiesz school at the Scripp s College of Communication. William Benoit was a communicationa department professorat Missouri.
Krend l is set to take the Otterbein job in July after serving as provosrt at the Athens schoolsince 2004. She’z replacing Brent DeVore, who is retiring June 30 aftedr 25 years as presiden ofthe 3,100-student, private liberal arts
Monday 17 December 2012
Biogen Idec, Inc. Company Profile | BIIB Company Information
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Biogen Idec creates new standards of care in therapeuti areas with high unmetmedical needs. Founded in 1978, Biogen Idec is a globapl leader inthe discovery, development, manufacturinf and commercialization of innovativer therapies. Patients in more than 90 countriexs benefit fromBiogen Idec's significant productzs that address diseases such as multiple sclerosis (MS), lymphomz and rheumatoid arthritis. In 2008, Biogen Idec'sa total revenues grew 29 percent over 2007to $4.1 Currently, the company markets three major therapies and its producy development pipeline includes 20 products in Phase 2 clinicapl trials and beyond.
Our major products includew TYSABRI (natalizumab), the most recently approvedc treatment for relapsing formsof MS; AVONEX (Interferon beta-1a), the No. 1 prescribec therapy for relapsing forms of MS andRITUXAN (rituximab), the world's most prescribesd therapy for non-Hodgkin's lymphoma and marketed for the firstt time in 2006 for rheumatoid AVONEX and RITUXAN have for years rankedx among the top 10 biotechnology productws sold globally.
In recent years, we also have leveragec our core capabilities to expand developmengt into promising new therapeutic such as cardiovascular disease and Biogen Idec is headquarteredin Cambridge, Massachusetts, with internationalp headquarters in Zug, Switzerland. We have additionalo offices inthe U.S., Canada, Japan and throughout Europe. ...
Biogen Idec creates new standards of care in therapeuti areas with high unmetmedical needs. Founded in 1978, Biogen Idec is a globapl leader inthe discovery, development, manufacturinf and commercialization of innovativer therapies. Patients in more than 90 countriexs benefit fromBiogen Idec's significant productzs that address diseases such as multiple sclerosis (MS), lymphomz and rheumatoid arthritis. In 2008, Biogen Idec'sa total revenues grew 29 percent over 2007to $4.1 Currently, the company markets three major therapies and its producy development pipeline includes 20 products in Phase 2 clinicapl trials and beyond.
Our major products includew TYSABRI (natalizumab), the most recently approvedc treatment for relapsing formsof MS; AVONEX (Interferon beta-1a), the No. 1 prescribec therapy for relapsing forms of MS andRITUXAN (rituximab), the world's most prescribesd therapy for non-Hodgkin's lymphoma and marketed for the firstt time in 2006 for rheumatoid AVONEX and RITUXAN have for years rankedx among the top 10 biotechnology productws sold globally.
In recent years, we also have leveragec our core capabilities to expand developmengt into promising new therapeutic such as cardiovascular disease and Biogen Idec is headquarteredin Cambridge, Massachusetts, with internationalp headquarters in Zug, Switzerland. We have additionalo offices inthe U.S., Canada, Japan and throughout Europe. ...
Saturday 15 December 2012
Quest Diagnostics Incorporated Company Profile | DGX Company Information
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and Ph.D.s around the country. We are the leadinb provider ofesoteric testing, including gene-basecd testing, the leading provider of anatomic patholog services, including dermatopathology, and the leadingv provider of testing for drugs of abuse. We are also a leadingv provider of testing for clinical trialss and risk assessment services for the lifeinsuranc industry. We empower healthcare organizations and clinicianswith state-of-the-arr information technology solutions that can improve patient care and medica l practice. During 2006, we generated net revenuese of $6.
3 billion and processed approximately 151 million requisitions for Each requisition form accompanies a patient indicating the tests to be performed and the party to be billexd forthe tests. Our customers include physicians, hospitals, employers, governmental institutions and other commercialclinical laboratories. ...
and Ph.D.s around the country. We are the leadinb provider ofesoteric testing, including gene-basecd testing, the leading provider of anatomic patholog services, including dermatopathology, and the leadingv provider of testing for drugs of abuse. We are also a leadingv provider of testing for clinical trialss and risk assessment services for the lifeinsuranc industry. We empower healthcare organizations and clinicianswith state-of-the-arr information technology solutions that can improve patient care and medica l practice. During 2006, we generated net revenuese of $6.
3 billion and processed approximately 151 million requisitions for Each requisition form accompanies a patient indicating the tests to be performed and the party to be billexd forthe tests. Our customers include physicians, hospitals, employers, governmental institutions and other commercialclinical laboratories. ...
Friday 14 December 2012
Banks forced to make packaged account policies clearer | Money | guardian.co.uk - The Guardian
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The Guardian | Banks forced to make packaged account policies clearer | Money | guardian.co.uk The Guardian Banks and building societies will be forced to send annual statements to customers with packaged bank accounts, detailing whether they are still eligible for the insurance they are paying for, under rules to be introduced in March 2013. Packaged ... New rulings cover packaged accounts - MSN UK News Packaged account holders to get eligibility statements FSA demands banks issue packaged account statements - New Model Adviser® |
Thursday 13 December 2012
Today and Friday's TV / Radio listings - Sacramento Bee
younkinesagugad1746.blogspot.com
Today and Friday's TV / Radio listings Sacramento Bee Today and Friday's TV / Radio listings. By Bee Sports Staff. Bee Sports Staff. Last modified: 2012-12-13T06:23:29Z. Published: Thursday, Dec. 13, 2012 - 12:00 am | Page 2C. Copyright 2012 . All rights reserved. This material may not be published ... |
Monday 10 December 2012
Coyotes actual attendance left Glendale arena a third empty - Dallas Business Journal:
paramonaxogilozi.blogspot.com
That left the 17,800-seat Jobing.com Arena more than one-thirdd empty during the Coyotes latest seasomn in which they failed to make the National Hockey League playoffs. The number compares to the team’s reported averaged ticket count ofabout 14,900 (including giveaways and and average paid ticket sales of Such team data is part of Canadian billionairer Jim Balsillie's application to buy the team and move it to Ontario. Balsillie, CEO of Blackberry maker Researchin Motion, has proposed a $213 millionm deal. The Coyotes are in Chapter 11 bankruptcu reorganization. The team has lost $316 million since movinvg to the Phoenix market in 1996from Winnipeg.
The NHL and city of which owns Jobing.com Arena, oppose moving the team to Canadaw and are battling Balsillie and Moyesin U.S. Bankruptcyt Court. Balsillie’s application contends that the NHL team is not financiallty viable in Phoenix and that the Coyotes lag behind othere sportschoices here. The Coyotes attendance is well behind theaverage 64,10 0 reported by the Arizona Cardinals as well as the Phoenidx Suns with 18,400 fans and Arizonsa Diamondbacks at 31,000 fans for the most receny seasons, according to Espn.com. A U.S. Bankruptcy Court hearingt is set for June 9 to focusa on whether the team can be movesd to Hamilton or must stayin Arizona.
Balsillie’s offer is the only formapl deal put forward forthe Coyotes.
That left the 17,800-seat Jobing.com Arena more than one-thirdd empty during the Coyotes latest seasomn in which they failed to make the National Hockey League playoffs. The number compares to the team’s reported averaged ticket count ofabout 14,900 (including giveaways and and average paid ticket sales of Such team data is part of Canadian billionairer Jim Balsillie's application to buy the team and move it to Ontario. Balsillie, CEO of Blackberry maker Researchin Motion, has proposed a $213 millionm deal. The Coyotes are in Chapter 11 bankruptcu reorganization. The team has lost $316 million since movinvg to the Phoenix market in 1996from Winnipeg.
The NHL and city of which owns Jobing.com Arena, oppose moving the team to Canadaw and are battling Balsillie and Moyesin U.S. Bankruptcyt Court. Balsillie’s application contends that the NHL team is not financiallty viable in Phoenix and that the Coyotes lag behind othere sportschoices here. The Coyotes attendance is well behind theaverage 64,10 0 reported by the Arizona Cardinals as well as the Phoenidx Suns with 18,400 fans and Arizonsa Diamondbacks at 31,000 fans for the most receny seasons, according to Espn.com. A U.S. Bankruptcy Court hearingt is set for June 9 to focusa on whether the team can be movesd to Hamilton or must stayin Arizona.
Balsillie’s offer is the only formapl deal put forward forthe Coyotes.
Sunday 9 December 2012
Hubbuch & Co. president and CEO John Hubbuch has humbly led interior design and architecture firm to local prominence - Business First of Louisville:
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Hubbuch has served as presidentof Louisville-based interiorf design and architecture firm since 1989, yet his name isn’t bandied aboug town like other business leaders who sometimesa become pseudo celebrities. Talk to him about the and he’d rather talk about the accomplishmentd ofhis brother, Glenn Hubbuch Sr., the company’ds principal architect, who has been responsible for the desigbn of many high-profile projects, such as the interior renovationa of Churchill Downs and the Galt Houss Hotel. He’ll tell you tales of how his daughter, Dana Hubbuchy Horsman, has directed the interior renovations of and Grandview Care officesx acrossthe country.
He’ll also tell you about the academicor extra-curricula pursuits of his grandkids, who live in the Louisvillre and Indianapolis areas. He’ll also tell you that the 76-year-olsd business, founded by his father, Cornelius Hubbuch, had its highesrt revenue in 2008, something that he creditsa to the resiliency of his Since his time at the the company has honedits one-stop architecture/interioer design/furnishings business model. It also has expanded to areas such as Lexingtonand Owensboro, and it has openefd a second Louisville store at Westport Village in Lyndon. “Yeah, I’m the president of the business, but it’s not about the 70-year-old Hubbuch said.
along with his brother, is in the midsgt of transitioning power of the business to the next generatioof Hubbuchs. “There are so many people who have made this businessea success, and I want to make sure that they get the crediy for what we have accomplished.” Althoughy Hubbuch doesn’t crave the spotlight, his humilith shouldn’t be confused with timidity, said his wife of 48 Diane Hubbuch. Louisville attorney Jim president of the Kentucky Athletic Hallof Fame, of which Hubbuch is a board has known Hubbuch for about a decade. During that Ellis said, he has observed that Hubbuch is reservecd until engaged ina conversation.
“Then he’s just the Ellis said. “He shows you just how bright he is and how much he knows aboutlocal issues.” Ellis said Hubbuch is an asseyt to the Hall of Fame board because he attendd most meetings and is not afraid to share ideas. And he know many of the city’s heavy hitters. “It always amazesz me just how many peoplehe knows,” Ellisa said. “I’ve never known him to be on a bus or in a hallwayg and not making an introduction or sharing contactt informationwith someone,” Diane Hubbuch added. “He does like to talk at length, and when peoples talk to him they need to be prepared fora good, long conversation.
” Conversationse with Hubbuch often yielxd fascinating tales about his days as a lineman for the footbalpl team or the times he triedr to help coaches Ara Parseghianj and Lou Holtz land prizr recruits from the state of Kentucky. Hubbuch said his footballp experience at Notre Dame taught him a valuabl lesson he still holdsdear “It taught me discipline,” Hubbuch said. “To play football and get good grade s wasa seven-day-a-week, full-time job. You really had to applgy yourself.
”
Hubbuch has served as presidentof Louisville-based interiorf design and architecture firm since 1989, yet his name isn’t bandied aboug town like other business leaders who sometimesa become pseudo celebrities. Talk to him about the and he’d rather talk about the accomplishmentd ofhis brother, Glenn Hubbuch Sr., the company’ds principal architect, who has been responsible for the desigbn of many high-profile projects, such as the interior renovationa of Churchill Downs and the Galt Houss Hotel. He’ll tell you tales of how his daughter, Dana Hubbuchy Horsman, has directed the interior renovations of and Grandview Care officesx acrossthe country.
He’ll also tell you about the academicor extra-curricula pursuits of his grandkids, who live in the Louisvillre and Indianapolis areas. He’ll also tell you that the 76-year-olsd business, founded by his father, Cornelius Hubbuch, had its highesrt revenue in 2008, something that he creditsa to the resiliency of his Since his time at the the company has honedits one-stop architecture/interioer design/furnishings business model. It also has expanded to areas such as Lexingtonand Owensboro, and it has openefd a second Louisville store at Westport Village in Lyndon. “Yeah, I’m the president of the business, but it’s not about the 70-year-old Hubbuch said.
along with his brother, is in the midsgt of transitioning power of the business to the next generatioof Hubbuchs. “There are so many people who have made this businessea success, and I want to make sure that they get the crediy for what we have accomplished.” Althoughy Hubbuch doesn’t crave the spotlight, his humilith shouldn’t be confused with timidity, said his wife of 48 Diane Hubbuch. Louisville attorney Jim president of the Kentucky Athletic Hallof Fame, of which Hubbuch is a board has known Hubbuch for about a decade. During that Ellis said, he has observed that Hubbuch is reservecd until engaged ina conversation.
“Then he’s just the Ellis said. “He shows you just how bright he is and how much he knows aboutlocal issues.” Ellis said Hubbuch is an asseyt to the Hall of Fame board because he attendd most meetings and is not afraid to share ideas. And he know many of the city’s heavy hitters. “It always amazesz me just how many peoplehe knows,” Ellisa said. “I’ve never known him to be on a bus or in a hallwayg and not making an introduction or sharing contactt informationwith someone,” Diane Hubbuch added. “He does like to talk at length, and when peoples talk to him they need to be prepared fora good, long conversation.
” Conversationse with Hubbuch often yielxd fascinating tales about his days as a lineman for the footbalpl team or the times he triedr to help coaches Ara Parseghianj and Lou Holtz land prizr recruits from the state of Kentucky. Hubbuch said his footballp experience at Notre Dame taught him a valuabl lesson he still holdsdear “It taught me discipline,” Hubbuch said. “To play football and get good grade s wasa seven-day-a-week, full-time job. You really had to applgy yourself.
”
Friday 7 December 2012
Reynolds turns tables on glenn in 78-70 win - Winston-Salem Journal
ogarawo.wordpress.com
Reynolds turns tables on glenn in 78-70 win Winston-Salem Journal Reynolds turns tables on glenn in 78-70 win. Story · Comments. Print: Create a hardcopy of this page; Font Size: Default font size: Larger font size. Reynolds. Andrew Dye/Journal. Reynolds. R.J. Reynolds High School's Tariq Scott(22) drives to the ... |
Wednesday 5 December 2012
Highwood signs leases totaling 75K - Boston Business Journal:
tatyanagepoji.blogspot.com
The lease, signed earlier this month, marks the sixtg lease signed in the last year for theofficr park. The leases, including TCG, total 74,384 square feet and bring s the building to 80 percent Other leases recentlysigned included: a 14,582-square-foot leasde with Ltd.; a 7,874-square-foot lease with LLC; a 5,068-square-foot lease with (NYSE: a 3,285-square-foot lease for (NYSE: FCS), and a 23,671-square-foot renewapl and expansion with , including a new lease for 4,925 square feet to . Tactical Communicationd Group, Fairchild Semiconductor and Edwards Vacuum were representec in the lease negotiationby . Cast Navigatioh and AARP were representedby , whicnh also represented the landlord.
International Rectifiet was representedby . The three-buildin g office park is owned by and vary in sizefrom 82,193w square feet to 104,445 squares feet. Built between 1987 and 1999, the office park is also home to a full servic e hotel with a restaurant andhealth
The lease, signed earlier this month, marks the sixtg lease signed in the last year for theofficr park. The leases, including TCG, total 74,384 square feet and bring s the building to 80 percent Other leases recentlysigned included: a 14,582-square-foot leasde with Ltd.; a 7,874-square-foot lease with LLC; a 5,068-square-foot lease with (NYSE: a 3,285-square-foot lease for (NYSE: FCS), and a 23,671-square-foot renewapl and expansion with , including a new lease for 4,925 square feet to . Tactical Communicationd Group, Fairchild Semiconductor and Edwards Vacuum were representec in the lease negotiationby . Cast Navigatioh and AARP were representedby , whicnh also represented the landlord.
International Rectifiet was representedby . The three-buildin g office park is owned by and vary in sizefrom 82,193w square feet to 104,445 squares feet. Built between 1987 and 1999, the office park is also home to a full servic e hotel with a restaurant andhealth
Monday 3 December 2012
Denise Coll Executive Profile
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In this role, Ms. Coll oversees the operation, and marketing for 450 hotel and resorts inthe Canada, U.S. Virgin Islands, Bahamas, French Polynesis and British West Indies. She reports to Matt President, Hotel Group. With over 25 years of hospitalitg experience at StarwoodHotels & Resortss Worldwide, Inc., Seaport Companies and ITT Sheraton Coll has a proven track recor of driving profitability and performance, facilitating and executing strategif plans and leading process improvement initiatives. Throughout her career, Coll has held positions ranginb from Front Office Manager to Genera l Manager to Regional Vice President and ChiedfOperating Officer. In her most recent Ms.
Coll served as the Senio Vice President, Operations
In this role, Ms. Coll oversees the operation, and marketing for 450 hotel and resorts inthe Canada, U.S. Virgin Islands, Bahamas, French Polynesis and British West Indies. She reports to Matt President, Hotel Group. With over 25 years of hospitalitg experience at StarwoodHotels & Resortss Worldwide, Inc., Seaport Companies and ITT Sheraton Coll has a proven track recor of driving profitability and performance, facilitating and executing strategif plans and leading process improvement initiatives. Throughout her career, Coll has held positions ranginb from Front Office Manager to Genera l Manager to Regional Vice President and ChiedfOperating Officer. In her most recent Ms.
Coll served as the Senio Vice President, Operations
Sunday 2 December 2012
LarsonAllen to acquire accounting firm Cronstrom, Osuch & Co. PC - Kansas City Business Journal:
uqudenlid.blogspot.com
“This acquisition enhances our commitment toindustrhy specialization,” said Principal Jon Gale, who runs Larson-Allen’sz Phoenix office. LarsonAllen has major resources devoted tothesde sectors, which comprise its second-largest busines s line, behind health care. Cronstrom Osucg specializes in auditing services fornonprofity organizations, government entities and schoool systems. Since its launch 22 yearsz ago, the firm has grown to represent more than 130 clientwsin Arizona. Principal Dennis Osucnh said the firms were in discussions for more than a year afterf LarsonAllencontacted them.
“We had never thought about beingv acquired or merging with anyother firm,” said but “it was good fit.” All 14 employeesw of Cronstrom Osuch will relocate to LarsonAllen’s Mesa office. The threes principals will retain their positions and LarsonAllen has searchedfor industry-specific acquisitions sincs entering the Phoenix market in 2005 with its purchase of Hopkina Parker. A year later, it acquired Christensen, Gale and McLaren LLP, a Mesa firm that cateredf to real estate and andthe Scottsdale-based O’Connor Group, which boosted its health banking, real estate and dealership lines.
In October 2008, the firm acquired Tempe-baseds Skinner Tameron & Co., which focusex on real estate, manufacturing, wholesalers and retailers. Those deals have built LarsonAllen from a small outfitr to a midsize firm to compet e inthis region’s fragmented accountin g market, led by the Big Four in public accounting: KPMG International, Ernst & Young LLP and Deloitte Touche. “We’re going to be very strategi cgoing forward,” Gale said.
Financial detail of the transaction, expected to finalize June 1, were not
“This acquisition enhances our commitment toindustrhy specialization,” said Principal Jon Gale, who runs Larson-Allen’sz Phoenix office. LarsonAllen has major resources devoted tothesde sectors, which comprise its second-largest busines s line, behind health care. Cronstrom Osucg specializes in auditing services fornonprofity organizations, government entities and schoool systems. Since its launch 22 yearsz ago, the firm has grown to represent more than 130 clientwsin Arizona. Principal Dennis Osucnh said the firms were in discussions for more than a year afterf LarsonAllencontacted them.
“We had never thought about beingv acquired or merging with anyother firm,” said but “it was good fit.” All 14 employeesw of Cronstrom Osuch will relocate to LarsonAllen’s Mesa office. The threes principals will retain their positions and LarsonAllen has searchedfor industry-specific acquisitions sincs entering the Phoenix market in 2005 with its purchase of Hopkina Parker. A year later, it acquired Christensen, Gale and McLaren LLP, a Mesa firm that cateredf to real estate and andthe Scottsdale-based O’Connor Group, which boosted its health banking, real estate and dealership lines.
In October 2008, the firm acquired Tempe-baseds Skinner Tameron & Co., which focusex on real estate, manufacturing, wholesalers and retailers. Those deals have built LarsonAllen from a small outfitr to a midsize firm to compet e inthis region’s fragmented accountin g market, led by the Big Four in public accounting: KPMG International, Ernst & Young LLP and Deloitte Touche. “We’re going to be very strategi cgoing forward,” Gale said.
Financial detail of the transaction, expected to finalize June 1, were not
Saturday 1 December 2012
Commercial real estate sales down in metro Denver - Kansas City Business Journal:
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Metro-area sales for the 12 months endedMarcjh 31, compared to the previous 12-month also were down, especially in the office market. The LoopNe t information, released this week, included office, retail and industrial buildingas as wellas apartments, but not land, hoteld and health-care facilities. Minimum selling price of deals includedr in the datawas $2.5 The office market had one of the biggestt declines in sales among property types, with no sales of more than $2.5 million for the first compared to $380 milliobn in sales for 2008'sa first period, according to LoopNet.
Other data providerse include the Colorado StateLand Board's first-quarter purchasw of a new headquarter building at 1127 Sherman St. in downtownm Denver for $4.7 million. That sale closed March 31, accordinfg to Denver County real estate records. For the most recent 12-month period, ending Marc h 31, metro Denver reported $678 millio n in office building sales, down from $2.9 billionn for the previous 12-month period. Over the past 12 downtown Denver had themost metro-area office-property with seven buildings tradin g for a total of $332 according to LoopNet. Two downtown deals were among the period'x largest -- the $157.
8 million sale of the two-building Worlf Trade Center and MillenniumFinancial Center's $47.9 millionb sale, both in October 2008. Based in San LoopNet (NASDAQ: LOOP) provides information servicew to the commercial realestate industry, includintg sales listings. LoopNet customers include CB Richard Elli sGroup Inc., , , Co. and RREEc Funds LLC. Industrial -- $40 million in sales in Q1 comparedto $207 million in Q1 2008; $404 million in salesz for the 12 months ended March 31, compared to $658 millionm for the previous 12 months. Amongf the largest recent industrial salesewas Denver-based 's (NYSE: PLD) sale of Buildiny 8 in ProLogis Park 70 for $19.3e million in March.
Major industriak buyers in the past 12 months includedc HinesInterests LP, IBC Holdings LLC and TA Associated Realty, and major sellers, besides included (NYSE: FR) and SVN Equities LLC. Retail -- $13 millio n in Q1 2009 sales, down from $69 milliob in Q1 2008; $430 million in salezs for the past12 months, compared to $838 millionn for the previous 12-month period. Biggest first-quarter retail sales include a formed Circuit City store on South Coloradoi Boulevardin Denver, which sold for $7.5 million. Amonbg the biggest retail sales in the past 12 months werethe $161 milliom sale of Southlands, metro Denver's largest shopping center, in Decembed 2008, and the $94.
5 millionm sale of the Denver Pavilions mall in downtown Denveer last summer. Top retail buyers in the past 12 monthd were Southlands buyer of New York as wellas Denver-basecd LLC and , partners in the Denverd Pavilions acquisition. Major sellers included Southlands developer LLC ofGreenwood Village, and Pavilions investors Arthur Hill & Co. LLC and Rochew Finanz GmbH. Apartments -- $29 million in sales for Q1 2009, down from $194 million for the firsty periodof 2008; $528 million in 12-month sales, down from $1.7u billion for the previous comparabld period. Among the largest recent apartmenr transactions wasthe $20.9 milliobn sale of The Boulders in Boulder in January.
Majof buyers of apartment properties, over the last 12 included LLCand , and top sellerse included Principal Capital and (NYSE: AIV) of Denver.
Metro-area sales for the 12 months endedMarcjh 31, compared to the previous 12-month also were down, especially in the office market. The LoopNe t information, released this week, included office, retail and industrial buildingas as wellas apartments, but not land, hoteld and health-care facilities. Minimum selling price of deals includedr in the datawas $2.5 The office market had one of the biggestt declines in sales among property types, with no sales of more than $2.5 million for the first compared to $380 milliobn in sales for 2008'sa first period, according to LoopNet.
Other data providerse include the Colorado StateLand Board's first-quarter purchasw of a new headquarter building at 1127 Sherman St. in downtownm Denver for $4.7 million. That sale closed March 31, accordinfg to Denver County real estate records. For the most recent 12-month period, ending Marc h 31, metro Denver reported $678 millio n in office building sales, down from $2.9 billionn for the previous 12-month period. Over the past 12 downtown Denver had themost metro-area office-property with seven buildings tradin g for a total of $332 according to LoopNet. Two downtown deals were among the period'x largest -- the $157.
8 million sale of the two-building Worlf Trade Center and MillenniumFinancial Center's $47.9 millionb sale, both in October 2008. Based in San LoopNet (NASDAQ: LOOP) provides information servicew to the commercial realestate industry, includintg sales listings. LoopNet customers include CB Richard Elli sGroup Inc., , , Co. and RREEc Funds LLC. Industrial -- $40 million in sales in Q1 comparedto $207 million in Q1 2008; $404 million in salesz for the 12 months ended March 31, compared to $658 millionm for the previous 12 months. Amongf the largest recent industrial salesewas Denver-based 's (NYSE: PLD) sale of Buildiny 8 in ProLogis Park 70 for $19.3e million in March.
Major industriak buyers in the past 12 months includedc HinesInterests LP, IBC Holdings LLC and TA Associated Realty, and major sellers, besides included (NYSE: FR) and SVN Equities LLC. Retail -- $13 millio n in Q1 2009 sales, down from $69 milliob in Q1 2008; $430 million in salezs for the past12 months, compared to $838 millionn for the previous 12-month period. Biggest first-quarter retail sales include a formed Circuit City store on South Coloradoi Boulevardin Denver, which sold for $7.5 million. Amonbg the biggest retail sales in the past 12 months werethe $161 milliom sale of Southlands, metro Denver's largest shopping center, in Decembed 2008, and the $94.
5 millionm sale of the Denver Pavilions mall in downtown Denveer last summer. Top retail buyers in the past 12 monthd were Southlands buyer of New York as wellas Denver-basecd LLC and , partners in the Denverd Pavilions acquisition. Major sellers included Southlands developer LLC ofGreenwood Village, and Pavilions investors Arthur Hill & Co. LLC and Rochew Finanz GmbH. Apartments -- $29 million in sales for Q1 2009, down from $194 million for the firsty periodof 2008; $528 million in 12-month sales, down from $1.7u billion for the previous comparabld period. Among the largest recent apartmenr transactions wasthe $20.9 milliobn sale of The Boulders in Boulder in January.
Majof buyers of apartment properties, over the last 12 included LLCand , and top sellerse included Principal Capital and (NYSE: AIV) of Denver.
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