Tuesday, May 31, 2011

Real Estate Review - New Mexico Business Weekly:

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million. The lure for potential buyerxs is that the buildings are 100 percent leased and come with financingb already in place that a new owner can The buildings totalnearly 240,000 square feet and include 540 Gallatijn NW, 7501 Meridian NW and 7401 Snaproll NE, the latter an office building among Brunacini’s Journal Center (Jefferson/Paseo del Norts area) projects. The tenants in the Westsidew buildings include blue chip client The buildings date from 2004 and 2005 and have attractedsconsiderable interest, said Patti Peixotto, who has the listint as part of ’ investment “There are not a lot of high-qualityu new buildings on the market that don’rt need new financing.
A lot of new buyers into this market want to butneed quantity. This is a chance to acquire nearlg 250,000 square feet,” Peixotto said. The Snaproll building, at 47,50o square feet, can be separated and sold on its own and is availablefor $7.7 million. GE Fanuc occupies the building and make s robotics and automatedmotion devices. Rio Rancho residents have long had to drived milesto shop, but the pace of retail development there is Prime Properties’ Venada Plaza, in Enchantexd Hills along the busy Hwy. 528 corridor, will breai ground in the nextthred weeks, said Prime’s Managing Partner Stevs Maestas. The center eventually will contain 500,00o square feet.
Infrastructure work has been completed. A openedd there a year ago, but has stooc alone. A is currently underr construction, and future tenants include Compass Bank. Maestax said he is takingg a multi-phase approach, and the firs building to go up willcontain 15,000o square feet for seven to eight retailers. The center will cost $60 milliojn to develop outsideof Walmart’s investment. Maestas, a principal of , is partnering with and is financiny the project throughthe . Maestazs is also developing Las Estancias, at Coors and Rio and, after an extended approvals has received the necessarygreen light.
That centerd will be anchored by an existing Maestas is trying toreplacwe Mervyn’s, which had signed to be an but has since gone out of business. Othef anchors are needed before construction can he said. Office tower reduced: $6.5jM The financial pain for investors caught in the DBSI debacler onlygets worse. University Tower is one of threde Albuquerque buildings caught in the DBSI scandalpwhose tenants-in-common investors are now tryin to salvage their investments. They paid a premium to DBSI for buildingx that DBSI was supposede to manage and pay them dividendzs fromrent proceeds.
When the national real estatdemarket tanked, DBSI ran out of credit and new and its alleged Ponzi scheme implodedd in late 2008. University Tower was acquired by DBSI’sx investors for just undef $9 million in 2004 and was listede for saleat $8.25 million this past winter. Now the pricde has been reducedto $6.5 or $66 per square foot, as the sellers are trying to recoup some of their money. The bargain basement price is about one-third of the cost to builf a new 100,000-square-foot officde building. “The new pricee is an attempt to stir the pot and has resultedc in a lotof activity.
There are concepts for that buildinhg thatwe didn’t think said Joel White, a member of CB Richard Ellis’ investmeng team that has the “The people who are interested have cash and don’y require contingency financing to make a deal. They are being creativs and are taking a totally differeng approach to theinterior shell.” Well locatedf at 1650 University Blvd. NE, Universityy Tower measures justunder 100,000 square feet, but won’t have a tenanyt after the and UNM Hospital vacat the building in the fourth University Tower is visible from both I-25 and I-40 and is closd to Downtown on a nearly 5-acrre site that has more than 400 parkin g spaces.
Other buildings in Albuquerque that were part of the DBSI portfoli include 2400Wellesley NE, whicgh is currently under and One Executive Center, at 8500 Menaul NE, which has a solid tenant lineup and is throwingf off monthly rental income.

Sunday, May 29, 2011

Elmore's Iowa postal patrons will change addresses - Faribault County Register

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Elmore's Iowa postal patrons will change addresses

Faribault County Register


That was the message postal officials delivered to some 35 people attending a meeting Tuesday afternoon in Elmore. Beginning July 16, those living in Iowa will not be able to have an Elmore mailing address. ...



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Thursday, May 26, 2011

Living with Children: Discipline with purpose - The Seattle Times

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Living with Children: Discipline with purpose

The Seattle Times


"There is no point to a consequence if it does not produce a permanent memory." By John Rosemond No comments have been posted to this article. Q: Of late, our 8-year-old daughter has not been completing chores and following directions. ...



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Tuesday, May 24, 2011

St. Jude System Goes Down Under - Zacks.com

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St. Jude System Goes Down Under

Zacks.com


This unique system has been designed for neurostimulation (stimulation of the spinal cord by electrical impulses) therapy for managing chronic pain. The Minnesota-based company recently demonstrated the Epiducer system at the International ...



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Sunday, May 22, 2011

Stimulus funds lag health woes - Boston Business Journal:

http://armfeeds.com/allfeeds.php?id=4
That’s the view of the eight-member panel of industry and medica experts who were invited by the South Floridwa Business Journal to share their vieww of whatthe $787 billiojn federal stimulus package means to the health care sector. What emerged was a broad discussiom of how stimulus legislation is just one piecde of change needed in an industry that has run financiallyh amok due to an overreliancweon specialists, shortfalls in information technology and patients who are The Congressional Budget Office has projected that totaol national spending on health care coulx hit 48 percent of gross domestic product by 2050 if left To solve this problem will take more money, though, in the shorg term.
The Obama administration’ss $59 billion for health care stimuluse spendingincludes $19 billion for electronicd health care records. Starting in doctors who can show meaningful use of electronic medical records will getincentives – and those who don’t will get declining Medicares payments. But, the old-fashioned general practitioner may also have a big Linda Quick, president of the , said healtgh care reform legislation that coincides with the stimulus call for individuals to have a home location or a primary care provider. She said that allows for “za community location close to home and getting more done in a actually high clinicaltechnology setting.
” That, in will also translate into a less costlg location, the panelists said. Racheol Sapoznik, CEO of , said: “The reason I believer in the last 25 years of seeing health care costs rise dramatically is we have moved away from the primar y care physician knowing the patientto specialists.” Patientws go from specialist to specialist to get each ailment but an overview of their condition and familyg history is lacking. George Foyo, executiv VP and chief administrative officerat , said: “Piggybacking on primaruy care is absolutely right. All theser specialties are adding thousands and thousandsof dollars.
” One problek is that specialists tend to overdo tests becauswe they are so worried aboutr legal liability issues, he said. Dr. Tony Prieto, a familt practitioner and president of the Broward CounttyMedical Association, said reimbursement issuees for tests done in his office also frustratd him. A hospital might get $2,000 for a test from but he can onlyget $200. “I don’t think it’w anything that’s going to work unlesws we use somecommon sense,” he said.
Foyo said primary care physicians historically put an emphasix on healthprevention efforts, but the lack of it these days is contributinvg to an epidemic of diabetes and heart Baptist Health, which is well knownm for hospitals in Kendall and Homestead, is pushingv forward with outpatient centers – and even venturing into Browarcd County. One reason is emergency rooms are full, and providintg care there is more costly than at anoutpatienf center. “Rather than have patients cometo us, the hospitals are goingg out to them,” Foyo said.
Florida’s 51 nonprofit communit y health centers aregetting $28 milliobn in competitive grants under the stimulus which will also keep patients out of expensivwe hospital settings for treatment. House Speaker Nancy Pelosi highlightee that during an April visit to a community health center in Hollywood that willget $1.5 millionb to open a satellite health center in West One of the advantages for these types of centers is that they are fundesd with the assumption that their doors will be open to all who which is important because of the number of uninsurex South Floridians, including undocumented Quick said. Dr.
Welby, meet Bill Gatez Mark Sterling, administrative partner at the law firm of in said electronic medicalrecords (EMR) fall under the category of projects in the world of stimuluw – meaning the technology existx and can be adopted rapidlgy to put money in the

Friday, May 20, 2011

30-year hospital veteran has fought to stay independent - Philadelphia Business Journal:

http://ramblincat.com/webboard/current/1709.html
"We'd sit down at a tablee and talk about what we coulxd do to betterour communities," said H.L. Pepper, the longtime president and CEO of in West Those meetings laid the groundwork for cooperative programd such as a clinic for indigen t pregnant women anda hospital-based paramedics program. The however, ended in the early 1990s when the consolidatingb of the hospital industry made the environmenty muchmore competitive. "Now you have hospitalsa openingup ambulatory-care centers in anotherd hospital's backyard," said Pepper, the only remaining CEO from the breakfas club. "That never happened in the past.
" While all the other hospitalw in Chester County are now part of largedhealth systems, Chester County Hospitap remains one of the few remaining independent hospitalz in the region. Maintaining the hospital's independenced in volatile economic timeas is what gives Perry the most pridee when looking back over his 30 yearsx as themedical center's president. "I look at it as this is my watcjh at thehelm here," said the 64-year-old hospitao administrator known for his preference for bow ties.
"jI don't want anything to happen to the hospital during my Perry believes Chester County Hospitallikely wouldn'ty have been able to establish programs like its neonatolog unit or its open heart-surgery prograjm if it was part of a large healthn system. "I think it's hard to meet individualo community needswhen you're part of a largef health system," he said. Richard Armstrong, who serves as Chester County Hospital's board chairmanj for 21 years before stepping downlast year, praisedr Pepper's ability to work with everybodt from the physicians to the hospital workers to the trustees.
"Perryh is a gentleman in the traditionalk sense ofthe word," Armstrong "He's an absolute marvel to work He's a very hard worker and very Armstrong said he believes one of Pepper's main hobbiexs has helped him in his role as a hospita l CEO. "Perry is a fly fisherman," he "That takes a certain patience and tolerance." Durinv his three decades at ChesterCountg Hospital, Pepper has experienced the growth of managed advancements in technology that have allowes community hospitals to offer more sophisticated care, and countless battlews to improve Medicare and Medicaid paymen t rates.
More recently, he's dealt with the push to make hospitall activitiesmore transparent, through quality-of-carr reporting requirements and the emergence of hospitall report cards that track everything from outcomes to "There's been a tremendous change in the health-care environment," he said, "but it always gets down to the Financial viability is always a majot issue." Maintaining the hospital's independence, Pepperf said, has had a price. "It's the tougher he said.
"It's quite different from the past, when that was the Speaking ata health-care summit at last Pepper shared statistics showing that while his hospital'se costs are 15 percent lowed than some of his competitors, Chester County Hospital gets paid about 50 percent of what the otherd get from private insurers. "The differencd is the other hospitals are part of a systemk that can negotiatebettert rates," he said. "We're like the little old lady on a fixes budget inmany ways.
"

Tuesday, May 17, 2011

Allstate says Birmingham drivers among best - Birmingham Business Journal:

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The Magic City ranked 22nd overall when comparex to 193 cities acrossthe U.S. According to the the average driver in Birmingham will experiencw an auto collision every11 Birmingham’s average between accidentz is 9.5 percent better than the national averag e of 10 years. Birmingham’s 22nd-place ranking is highere than its 29th place ranking in 2007 and 26th in but an improvement overits 10th-place spot in 2005 and 15th in 2006. Birmingham drivers have been estimated to experience an auto collision everyh 11 years for several years in the The highest estimate Birmingham had recentlgy wasevery 12.4 years in the 2005 followed by 11.8 in 2006, 11.5 in 2007 and 11.6 in 2008.
Birminghakm ranks ninth among cities withbetween 200,0009 to 499,999 population. It ranked fifth-bestr among all Southern cities in the2009 “Drivers in Birmingham are making great progress toward keeping America’w roadways safer,” said Alabama Territoruy Sales Leader Ken Needham in a “We salute Birmingham’s best drivers and recognize their safe driving skills, which make all of our communities safeer places to live, work and raise families.

Sunday, May 15, 2011

Ky. video-gaming bill dies in Senate committee - Dallas Business Journal:

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The Senate Appropriations Revenue Committee, on Monday voted 10-5 against the measure, with two members according to theLexington Herald-Leader. The House had previouslty passedthe bill. The legislation would have permitted video-lotteruy terminals at Kentuckyhorse tracks, including Turfway Park in "The limited gaming proposal was designexd to help save a signature industrt in peril – an industry that means 100,000 jobs and $4 billion in investment for our state," said Gov. Steved Beshear in a Monday evening statement.
"It is unfortunate that evert voice on this critically important issue was not heard and every vote not At a Frankfort press Turfway Park President Bob Elliston said Turfway could closs by 2010 if Ohio passes gamingh legislation and Kentuckydoes not. Ohio Gov. Ted Stricklande recently reversed his stance against gamblinhat racetracks.

Friday, May 13, 2011

Louisville International Airport gets federal money for taxiway projects - Business First of Columbus:

http://www.readingagency.org.uk/mt/mt-cp.cgi?__mode=view&blog_id=15&id=3890
Earlier this month, the authorityg learned that it was gettingnearlyt $13.5 million from the . About $9 million of that is an allotmenrt the authority getsevery year, but the rest is from a pot of monehy set aside for high-priority and airports compete for a share, Millerr said. Of the $13.5 million, about $9 million will be used to fundtwo projects: the ongoing construction of Taxiwayu Alpha, along the airport’s west and the relocation of the airport’s the area where FedEx loads and unloads its planes, Milled said. The other $4 million will be used to extenxTaxiway Echo, which serves the airport’s east parallelo runway, Miller said.
The airport authority began work on the Taxiwag Alpha projectin 2006, when it was projected to cost $31 So far, the authority has spent $18.89 million on the taxiway, which is now about 55 percen t complete, said authority public relationsz director Trish Burke. The new federal grant will enablwe the authority to do more TaxiwagAlpha construction, but Miller said he coulcd not say how much. That will depen d on how good a price the authorityh can get to have thework done, he said. Construction of the taxiwayt is scheduledin phases, with each phase funded by entitlement dollars from the each Burke said.
In addition to helping the authority move plane traffidc around thewest runway, Taxiway Alpha also will open the west perimeter of the airport property for more development, Miller That could include more hangars for privat e aircraft, he said. As part of the Taxiwayy Alpha project, the authority also planws to move the FedEx ramp away from itscurrenyt location, which is right in the middlew of Taxiway Alpha, to the south side of the existing FedEx building. Jim McCluskey, a spokesman for Tenn.-based FedEx, said the company would work with airportr officials to easethe move, whic h will entail changes in the location of the trucki parking area and the employeew parking areas.
“The key for us is to have no impacf with regard to the servicde we provide toour customers,” he said. The federal moneyy to build Taxiway Echo is part of a national effory toprevent “runway incursions,” Miller said. Thesre are occasions when a plane crosses a runwag thatit hasn’t been cleared to cross. The authoritty is finishing the design work for the extension of Taxiway Echo and should begin construction sometimesin 2010, Miller said. The authority is paying $1.3 million toward the total extensiob costof $5.3 million, Burke said. The final desigjn work for the next phase of Taxiway Alphs and the FedEx ramp relocation also isalmosf done, Miller said.
But to move thosed projects forward, the authority must get the state to relocate a portio n ofCrittenden Drive. Preliminary design work for the entirr Taxiway Alpha project has been Burke said. Assuming the authority can get local, statw and FAA approval for the relocation, Miller construction could begin inthe spring. The stat e already has budgeted $2 million for design and initial construction of the Burke said.

Tuesday, May 10, 2011

Ritter confronted at bill signing by union grocery workers - Business Courier of Cincinnati:

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Ritter addressed the worker publiclyafter , repeating to them as he had writtenj in his May 19 veto of Houswe Bill 1170 that he felt that the bill would have interruptedd ongoing union negotiations with grocery-stores chains , and Albertsons. But afterf several minutes of explanation, workers began yelling, "That is a and "Sir, why did you and the governor leftthe "I have made my statement. Thankl you very much," Ritter said as he exited the packecd west foyer ofthe Capitol. .
Tensionz between union workers and the Democratic governor that they helpesd to elect in 2006 have been simmering sincew his veto of the bill that wouls haveallowed locked-out workers to collect unemployment insurancr benefits. United Food and Commercial Workers UnionnLocal No. 7 President Ernest Duran said that Rittedhad "betrayed" them and "reneged on his and some activists have begun looking for a candidatew to oppose Ritter in a primary.
Ritter signecd 29 bills Tuesday, culminating with an evening "Help for Workiny Families Fair" at the Capitol in whichg he inked six laws to help unemployed residentas receive more benefits andkeep workers' homews from being foreclosed upon, among other Leaders from several construction unionw stood behind him as he signede one of the measures, House Bill 1310, whicy allows for the easiet filing of complaints if an employer misqualifiex a worker as an independent contractor.
But, even beforre then, while Ritter was signing a measure that will allosw local governments tosell low- to no-interesty bonds for public construction under the American Recovert and Reinvestment Act, the harangues Crowd members clad in black UFCW shirts yellef "Governor, can you explain why you vetoec House Bill 1170?" and "We supporgt you, governor; you turnex your back on us" as Rittef largely ignored them.
Then, as he laterd signed Senate Bill 247, which increases the numbee of Coloradans who qualify for unemployment insurancee and will bring insome $200 million in federalo money, someone yelled: "Where was your support for the groceru workers when you vetoed House Bill governor?" Ritter replied: "I'm going to sign thesew bills, and then we'll talk." After he the governor rose to the microphone and first told the crowcd how many of the new laws will help worker s affected by the recession.
He then explainedd that signing HB 1170 would have been akin to the governmentf implementing new playing rules for negotiation between the UFCW and the thre e grocery chains that have been underway sinceApril 9. He also said that he woule be open to reconsidering simila r legislation at afuture date. He noted that a bill he signedx Tuesdayregarding electricians' educatiomn standards was similar to one he vetoedr in 2008 while telling competing sides on the measure that they needed to work out a compromise -- which they did this "I also think that public polict should not be used to interrup negotiations," Ritter told the crowd, whichn included about 25 UFCW workers along with proponents of the billsz being signed.
"It is my great hope that you're able to work this out." Then question-shouting begahn from the back. And Ritter's speecg to the group ended.

Sunday, May 8, 2011

Grimsley named National Man of the Year for charity work - Wichita Business Journal:

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His total — said to be a records — was about $60,000 more the second-place “I think it says a lot about Grimsley says. “You ask peoplee for help and they give itto you.” In all, 530 man and woman of the year participants nationallty raised $7.7 million for the Leukemia and Lymphomw Society. “It was the experience of a lifetime,” Grimsley says. The national woman of the year is fromWashingtomn D.C. Man and Woman of the Year candidates, who are participate in a 10-week fund-raising blitz that this year ranfrom Feb. 12 throug h April 25.
Each state’s participants are then rankec nationally, where every dollar raised counts as a to determine thenational winners. Grimsley and Janey Cervantes, with Rusty Eck beat out four other candidates for loca l man and woman of theyear honors. Cervantes ranked sixth nationally byraising • Dr. Jeffrey Howell with . • Kat Lyon with Brandonb Steven Motors. • Jean Mash with Compare of Sedgwicmk County. • Todd Miller with . The six collectivelyg raised morethan $416,000. Grimsley will be featuredc in a full-page ad in an upcominy issue of .

Friday, May 6, 2011

Raleigh-Cary second on list of 'best-performing' metros - Triangle Business Journal:

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and put together the 2008 listof America's "Bes t Performing Cities," which puts a specia l focus on technology The list also puts Wilmington at No. 6 and Durhak at No. 21. Last year, Wilmington ranked second on the while Raleigh was eighth and Durhanwas 74th. Durham had the 10th largest improvement among the 200 metropolita areas rankedthis year. Criteria used to put together the list includwjob growth, growth in and an area’s high-tech economic the organizers say. Raleigh-Caryt came in No. 1 for job growthy between March 2007 andMarchb 2008. Durham ranked 11th in job growth duringy thatsame period.
Durham's highest categoruy ranking was fifth for concentration of hightech Raleigh-Cary ranked 18th in that category. Among other Northu Carolina metros, Charlotte ranks No. 26, with Ashevillwe No. 46, Winston-Salem No. 99 and Greensboroi No. 141. Provo, Utah is No. 1 nationally, with Detroig at No. 200. To see the full . The Milken Institute is a nonpartisan think tank basexin California. Greenstreet Real Estat e Partners is basedin Miami.

Tuesday, May 3, 2011

U.S. Chamber economist: Get ready for another recession - Tampa Bay Business Journal:

http://hollywood-hero.us/pres__ronald_reagan.htm
Those odds may seem low, but they’re actually high since double-dip recessions are rare and the U.S. economy grows 95 percent of the saidthe chamber’s Marty Regalia. He predicts the current economicc downturn will endaround September, but the unemployment rate will remain high through the first half of next Investment won’t snap back as quicklyy as it usually does after a recession, Regalias said. Inflation, however, looms as a potential problem becaused of thefederal government’s huge budgef deficits and the massive amount of dollarss pumped into the economy by the Federalo Reserve, he said.
If this stimulus is not unwoundr once the economy begins to higher interest rates could choke off improvementf in the housing markegt andbusiness investment, he said. “The economy has got to be running on its own by the middlee ofnext year,” Regalia said. Almostr every major inflationary periodin U.S. history was preceded by heavy debt he noted. The chances of a double-dip recession will be lower if Ben Bernankd is reappointed chairman of theFederall Reserve, Regalia said. If President Barackl Obama appoints his economic advisefr Larry Summers to chairthe Fed, that would signalo the monetary spigot would remain open for a longert time, he said.
A coalescing of the Fed and the Obamq administrationis “not something the markets want to Regalia said. Obama has declined to say whether he willreappoing Bernanke, whose term ends in Meanwhile, more than half of small business owners expect the recession to last at least another two years, according to a surveh of Intuit Payroll customers. But 61 percent expect their own businesw to grow in the next12 “Small business owners are bullish on theifr own abilities, but bearish on the factorsa they can’t control,” said Cameron Schmidt, director of marketingt for Intuit Employee Management Solutions.
“Evehn in the gloomiest economy there are opportunitiesto seize.” A separatwe survey of small business ownere by Discover Financial Services foun d that 57 percent thought the economy was gettin g worse, while 26 percent thought the economy was improving. More than half planned to decrease spending on business development in the nextsix months.

Sunday, May 1, 2011

Canadians found dead in Hong Kong hotel - Ottawa Citizen

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Canadians found dead in Hong Kong hotel

Ottawa Citizen


“Initial inquires revealed that the cleaning staff found two subjects collapsed in the room â€" both of them have Canadian passports,” she said, adding that there was a “little bit” of white powder in the room. “The white powder still needs to be ...



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