Thursday, June 30, 2011

Real Estate Roundup - Portland Business Journal:

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PGE, which is majority owner of two hydroelectric projectsx inthe area, purchased 1,146 acres to preserve wildlife habitat. Albert Burney Auction Co. conducted the which brought in a totalof • Razorfish LLC leased 7,468 square feet at 1532 S.W. Morrisom St. from Allied Works Architecture. Pattik Shmilenko of Windermere/Cronin & Caplan Real Estate representeed Razorfish. Caryl Brown of Debbie Thomas Real Estate representeedthe property. • Bridgeport Eye Physicians LLCleased 3,259 squarr feet at 20015 S.W. Pacificd Highway, Sherwood, from Sherwood West LLC. Chuci Pollack represented the tenant. Kevin VandenBrink and Caseyy Pileggi of MacadamForbes Inc. representeed the property.
• Portland Communitt Land Trustleased 1,514 square feet of office spacwe at Patton Park Apartments on Northeast Interstate Blvd. Charlottd Larson and Sara Daley of Urban Workds Real Estate represented Patton SquareLeasinh LLC. • Heart Roasting leased 1,500 square feet at 2211 E. Burnsidse St., Portland, from Burnside Holdings LLC. Kathleen Healty of Urban Works Real Estate brokeredthe • Portland Baroque Orchestra leaseed 1,301 square feet at Jeffrey Center, 1020 S.W. Portland, from Weston Investment Co. LLC. Stevw Root of American Property Management representefdthe property. • Winston Compan leased 4,800 square feet at 7854 S.W. Nimbuse Ave., Beaverton, from RREEF.
Joe Kapplee of Macadam Forbes Inc. represented the David Levich represented RREEF. • Atomicv Auto leased 23,000 squarwe feet at 2510 S.E. Sandy Blvd. from MLK LLC. Tyler Sheilzs of Grubb & Ellis Co. represented the tenant. Dan Bozich of Urban Works Real Estate representedthe • Brake Brothers LLC leased 7,964 square feet at 4125 S.E. 82nd Portland, from Big O Tires LLC. Rod Brokenshire of Macadanm Forbes Inc. brokered the transaction. • Key Bank of Oregomn leased 2,913 square feet at Southeasty 41st and Hawthorne streeta fromHFT Hawthorne. Grubb & Ellis Co. represented the tenant.
Dan Bozicn of Urban Works Real Estat represented theproperty • The Bob Shoppe leasedx 1,600 square feet at 1379 N. Pacific Woodburn, from Kalberer Co. John Brandhorsrt of Bluestone & Hockley Real Estate Services brokeredxthe transaction. • Mabel & Zora LLC lease 1,200 square feet at 1747 N.E. Alberta St., Portland, from Albertaz Central LLC. Kathleen Healy of Urban Workz Real Estate brokeredthe • RLTL LLC purchaseds the 13,000-square-foot RiteAid store at Southeast 39th and Divisio n streets in Portland for $2.49 million. Rite Aid was the seller and has signedfa 10-year lease for the property with five 10-yearf options to renew.
The sale include 52,000 square feet of land. Robert Niehausx of Niehaus Properties Inc. and Alex MacLean of CRA brokerecd the sale andlease back. • Crosas Creek Trucking Inc. of Centrapl Point purchased a 120,000-square-foot warehouse and cold storagwe facility in Medfordfor $2.3 million. The seller was Southerh OregonSales Inc. Curtis Burrill of Burril l Real Estate LLC representedthe buyer. Kevinj Kaufman of CB Richard Ellis representedthe • ST Boomer LLC purchased a 14,106-square-foot officee building, 345 N.E. 102nd Ave., Portland, from PMT Buildinf LLC for $1.2 million. Joe Kappler and Kevin VandenBrinmk of MacadamForbes Inc. brokered the deal.

Thursday, June 23, 2011

Port seeks proposals for cruise terminal - Jacksonville Business Journal:

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Authority Executive Director Rick Ferrin said by the time the boared receives proposals in three to six months it will have a bettere idea of how the cruise industry will fare duringhthe recession. The board’s decisionm followed an all-day workshop where it was briefesd by staff members and consultants on the feasibilituy of funding the construction ofthe $60 millioj terminal. A new terminal is needexd because the site of the present cruisee terminal will be partof Ltd.’xs 150-acre container terminal. The prospect of a growing cruisr industry received an encouraging push after replacedthe 1,486-passenger Celebratio with the 2,052-passenger Fascination last year.
The Jacksonville City Councilk delayed a vote on the issueuntil Feb. 10. The authority’sx plans have been fought by many residentsd who say the proposed terminal will destroythe area’ws charm and its shrimping industry. Davif Miller, the authority’s financial analyst, said even if Carnivaol pulled their service afterfive years, the authority’ss debt coverage service would be able to covedr 1.53 times their debt. “It’s lower than the targe t but that’s not the end of the he said. The authority is currentlg ratedat 1.75 times its debt despite being contractuallg obligated to cover 1.
25 Ferrin said Carnival said it would be willin g to enter into a five-year contract with the The cruise industry’s growth has slowe due to the recession but ther is still much potential for the Jacksonvillew market, said Andrew Moody, head of Businesas Research & Economic Advisors. The Pennsylvania consultin firm specializes in internationakl andregional tourism. European ships are bein g redeployed to theUnited States, he said. Jacksonville already has service to theeasternm Caribbean, a growing market for the As larger ports, such as Miami and Cape near their capacity, cruise lineas will transfer ships to smaller cruise terminals like said Moody.
Jacksonville’s cruise terminal is also positioned better than similarlyu sized cruise sites inthe region. For instance, Charleston’ds cruise service is shrinking and one cruise executived saidit wasn’t clear whether the authority there wanted cruise ships, Moody The major southeast ports account for 94 perceng of cruises to the Caribbean, with smaller portas like Jacksonville accounting for about 6 percent. Aboutf 75 Caribbean cruises leave from the The potential market for cruise passengersz coming to Jacksonville has just begun to be Moody said. The averaged cruise passenger is between 25 and 80 and has a househole income of morethan $40,000. About 1.
5 millionm people within a six-houdr drive of Jacksonville fitthat profile. The authoritgy expects nearly 180,000 passengers and $3.9 millionh in revenue through the Fascination’s callinhg on the current terminal 78 times per Moody said Jacksonville is penetrating less than 4 percent of itspotentialp market, compared to the industry average of 18 to 20 He said appears to be moving its servics out of Charleston and could potentially bring a northeast callint ship down to Jacksonville during the off-season. “We believe Carnival is likely to keep its ship in Moody said.
He said the company will likely replace the Fascination withthe 2,700-passengerd Triumph, and then the 2,900-passenger Norwegian will likely bring its 2,200-passenger Spirit. Despite the the industry continues to sail at 100 percen capacity and is expected to pric its cruises so that it can continure todo so, said Louis Woods, a economics and geography professor. He said the construction of a new terminall would createabout 1,500 jobs. Once complete, the terminal would have an annual economic impactof $500 million. Visit Jacksonvillew spokeswoman Lyndsay Rossman said each cruise passengere spendsabout $300 in the area.
If the cruise service ends, hotels could be forcedd to layoff employees, and the drive for more hotels and museums would be slowed. Dan King, Hyatt Regency Jacksonville Riverfrontgeneral manager, said hotels reported a 6 perceng to 7 percent occupancy drop when the Carnival line servicr stopped between April and mid-September. With 40 percent of passengerds staying in Jacksonville before or after the hotels loggedabout 18,000o room nights annually.
David Kaufman, the authority’s seniod director of planning and properties, saic currentf terminal plans call fora 1,400 space, five-story parking garage and about 25,000-square-feet of retail space, whicn local retailers would have firsg dibs on. The authority plans to builfd a 150,000-foot dock that would be turnesd over toa yet-to-be-identified shrimpinfg cooperative. Cruise ships will also be required toburn low-sulphur fuel whilre in port. The terminal will also meet Mayport’s architectural guidelines.

Tuesday, June 21, 2011

Cable Again Pushes 'TV Everywhere' Amid Programmer Resistance - Wall Street Journal

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Cable Again Pushes 'TV Everywhere' Amid Programmer Resistance

Wall Street Journal


--Cable distributors continue push to make more pay-TV programming available online and on mobile devices. --Some programmers still resist, citing financial and technical hurdles. --"We'll get there," Comcast executive says. ...



and more »

Saturday, June 18, 2011

Phoning home from Bangkok police cell - Sydney Morning Herald

http://audi-style.com/news.php?id=1


Sydney Morning Herald


Phoning home from Bangkok police cell

Sydney Morning Herald


Former Sydney nightclub owner turned food importer Adam Freeman will spend at least a week in a cell at Bangkok police headquarters until NSW police can bring him back to face drug manufacturing charges. Freeman, 28, the son of organised crime figure ...



and more »

Thursday, June 16, 2011

Delvon Roe, Michigan State forward, sidelined with ankle injury - SportingNews.com

http://www.theinsyderz.com/2002/italiano/lago-di-garda.html


The Flint Journal - MLive.com


Delvon Roe, Michigan State forward, sidelined with ankle injury

SportingNews.com


The only good news about Delvon Roe's injury is that he didn't hurt his knee. A 6-8 senior forward at Michigan State, Roe will miss the next six weeks of training with an ankle sprain, according to the Grand Rapids Press. Roe's career has been damaged ...


Michigan State's Delvon Roe to miss 6 weeks with sprained ankle

The Flint Journal - MLive.com



 »

Tuesday, June 14, 2011

Burgess: Property tax losses

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The Miami-Dade County property appraiser releasexd its preliminary tax rollinformation Monday, with all four taxinhg jurisdictions – fire library, the unincorporated area and Miami-Dade overall – seeingh a decline. The countywide decrease comparing preliminarh tax numbers from year to year shows a 9perceng decrease, or a total of $22.55 billion.” “Thes losses would have been worse if not for new construction that was addede to the property tax roll as of Jan. County Manager George Burgess said in a memo sent tocountu commissioners. North Bay Village took the biggest hit, down 20.2 percent from 2008 levels. Homesteadd saw an 18.
2 percen t decline, followed by Normandy Shores, down 17.5 percent, and Aventurz which was down 17.3 percent. Golden Beach and the tiny city of Islandiw sawno change. Medley saw a 1.5 percent drop whil Biscayne Park saw a 4percent decline. Clickl for the full list. Staffers reviewed property tax rollsw going back to 1985 and founr that 1993 saw taxable value shrinikby 2.9 percent, or $1.9 billion. “Even in 2008, when we absorbe the impact of doubling the homestead exemptiohfrom $25,000 to $50,000, the propert tax roll was relatively flat,” Burgessx explained in the memo. “These losses in property tax roll valuesare unprecedented.
” Burgessa warned of a lot more pain on the horizon, using the last two yearw as a barometer of what is For the second consecutive year, Miami-Dade faced a $200 millionm budget gap in the last fiscal Core services were kept intact by tightening but assuming the same tax rate adopted for the estimated ad valorem revenues for fiscal year 2009-10 would shrinkj by $174.1 million, according to the memo. Taking into account the impact of normal inflationary growthb and theeconomic slowdown, combinex with the non ad valorem revenue results in property tax subsidizex operations facing a budget gap of $350 milliojn to $400 million, Burgessd said.
“We are working diligentlyg to prepare a proposed budgef forFY [fiscal year] 2009-10 that to the extent possible, preserves essential services and minimizese service impacts to our residents,” he wrote in the memo. closing a budgetary gap of this size will require some verydifficulf decisions.”

Saturday, June 11, 2011

FKI wins $46 million in contracts in past month - St. Louis Business Journal:

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The contract is one of three airport jobs that the city of Atlants has awardedFKI Logistex. The St. Louis-basecd company also won a $24 million contract in September to installa mail-sorting and distributio system at the John F. Kennedy International Airporgt inNew York. FKI Logistex is the North America n arm ofFKI PLC, a $2.5 billion-in-revenue publiclgy traded British engineering conglomerate. FKI Logiste has annual sales ofabout $450 The latest FKI Logistex contracts come afterf FKI PLC reorganized the division in May, moveds its headquarters to St. Louis from and named Stephen Ackerman asits president. Ackerman, an was president of FKI's Alveyt Systems unit prior tothe promotion.
As part of the FKI combined its eight subsidiarie in theUnited States, including Buschman Conveyor, Mathews Conveyor and Crisplanft Inc., to create one Nortg American division. The British company began its operationin St. Louis in when it acquired Pinnacle Automation then Alvey's parent company, for about $22.45 million. Ackerman said FKI Logistexc is seeing increasing work as airports around the nation instalk new screening systems designed to detect explosives in luggagre and packages before they are loaded into The contracts are good newsas FKI, like othe capital equipment manufacturing firms across the works to recover from the economic downturn that put a damperf on spending, Ackerman said.
The assignments will help keep staffing stablsat FKI, which employds about 600 people in St. Louis and an additional 1,300 in other North American cities, Ackerman said. FKI Logistex's businesws is organized in threemain divisions: warehouse and distribution; manufacturingg systems operations; and airport, post and parcel The manufacturing operation is based in St. Louis and makes a wide rangr of machinery, including conveyors and palletizers used to move goodws in warehouses andmanufacturingt plants. While FKI Logistex continues to grow, it faces stiffv competition from global playerz in thelogistics industry, including HK Systemss Inc., headquartered in New Wis.
; Siemens AG basesd in Munich, Germany; and Osaka, Japan-based Daifuku Co. Ltd. HK, for launched a radio frequencyidentification (RFID) system that majort retailers, such as Wal-Mart, and the U.S Departmentt of Defense have begun using. RFID technology, which FKI Logistes also is developing, enables companies and other organizationzs to track the movement of merchandisew and supplies on computers that receive data from electroni c chips embedded in special labeld that are stuck on packagesor pallets. The electronic chips in RFID labels emit radio signal s that contain informationaboutg goods, similar to bar codes.
However, unlikse bar code systems, an RFID reader does not requirw a direct line of sight to collect data because it uses radil signals rather thanlasetr light.

Thursday, June 9, 2011

Some good news on Seattle housing front - Baltimore Business Journal:

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percent. The bad news is that the averagse price of a Seattle homedropped 16.8 percent in Aprilo from a year earlier, which is getting closefr to the national average decline of 18.1 percent. A month earlier, the Standard & Poor’s/Case-Shiller Home Price a monthly index that tracks home prices in 20majord U.S. cities, indicated a 16.1 percent home pricse drop in Seattle. Between March and April, in the nation’sa 20 largest cities coveree bythe study, the nationap average was a 0.6 percent From April 2008 to Aprikl 2009, all 20 U.S. marketse posted drops. The markets showing the smallesrt declines wereDenver (down 4.9 Dallas (down 5 percent) and Boston (down 7.7 percent).
In home prices fell 35.3 percenf in the past year and in Las theyfell 32.2 percent. The survey tracks changees in the value of the residential real estat e market by comparing sale prices of specifi c sample homes in a city at twodifferenrt times. The survey assigns an indexd number to each city and does not reporft actualhome prices. The index is a measure of how much home pricesz have gone up or down in each markeg sinceJanuary 2000, which has been assigned a price inded of 100 in that market.

Tuesday, June 7, 2011

Frazier museum chooses Bandy Carroll Hellige as it agency of record - The Business Journal of Milwaukee:

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Previously, the museum had no single agenchof record, with several Louisville advertisinf firms handling the work, said Kristaw McHone, public relations and marketing directo r for the museum. “I just decided to consolidate all that with BandyCarroll Hellige,” McHone Bandy Carroll Hellige will develop and implement all including branding, marketing, advertising, public relationsa and interactive programs for the museum, the release The Frazier museum, 829 W. Main St.
, was founded in 2004 by Owsle yBrown Frazier, the retired vice chairman of , the Louisville-basedd spirits and wine The museum has about 100,000 square feet of antique arms and historicapl items, many of whicnh are from Frazier’s private collection. Bandy Carroll Hellige was foundecd in 1989 by partnersSusann Bandy, Mark Carroll and Tim Hellige and has a total of 44 employees at its headquarterxs in Louisville, Ky.
and an officee in Indianapolis, according to the

Sunday, June 5, 2011

Memorial Hermann, UniCare create PPO - Houston Business Journal:

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MHealth Insured was formed by the Houston hospitall system along with its physician Memorial Hermann Health Network and , a subsidiary of Indianapolis-basex (NYSE: WLP). “Clinical integration involvea providers working together in an interdependent fashion so that they can pool infrastructursand resources, and implement and monitor protocols, ‘best practices’ and variouzs other organized processes,” Dr. Doug Ardoin, physician in chiet at Memorial HermannHealthcare System, said in a “This enables providers to offer higher quality healtuh care in a more efficient manner than they likelyt could achieve working independently.
“Thed result is primary care physicianw and specialists of all kinds working more closely togetheer and in a better coordinated MHealth Insured is available to individuals as well as smal andlarge employers.

Thursday, June 2, 2011

Kansas City Fed district manufacturing improves - Puget Sound Business Journal (Seattle):

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The production index for manufacturers reporting an increase in productiomn in June from May was9 — its first foray into positivr territory since August. About 33 percent of companies surveyec said productionwas up, and about 22 percent said it was The index was at -3 in May and -8 a year ago. Productiohn indexes increased for durable andnondurable goods-producing plants. The indexes for new orders and order backlog all increased forthe second-straighgt month and emerged from negative territory. The employmeng index was -10 in up from -13 in May. It was at -9 a year ago. The averaged employee workweek indexhit 3, jumping from -14 in May and -3 a year ago.
The indes had been negative since Inventories for materials and finished goodsremainerd negative, worsening from May to June and from last year. The future-productioj outlook index reached 13, up from 1 in May and down from 17 ayear ago. The futurs capital expenditures index fellto -13 in June from -10 in May. The bank said most firma indicated “some lingering hesitancy on major investments due to the only recent picku pin activity.” The 10th district coverz Western Missouri, Kansas, Colorado, Nebraska, Wyoming and northern New Mexico.