stelauguqdinec.blogspot.com
Investors put $1.87 billion into 250 deales for emerging companiesin Europe, Israel, China and Indiza in the first quarter, compared to the $3.65 billiohn invested in 430 deals in these regionzs during the same time last year. The U.S. saw 477 completerd deals and $3.89 billion investesd in the first quarter, though it too recorded a 50 percenf decline incapital investment. According to the data, Europe saw 170 deal s garner $1.18 billion in the first quarter, down 35 percentf from the $1.83 billion put into 281 deals duriny the same periodin 2008. This marks the lowesyt deal count for Europe since VentureSource begabn reporting on the regiobin 2000.
Like the Europe’s information technology industryh is bearing the brunt ofthe downturn. The industrg saw $362 million invested in 82 IT deals in thefirst quarter, down 44 percent from the $643 milliojn put into 129 such deals last year and the industry’x worst quarter on record. Within IT, the informatiojn services sector fared bettefr than most as it accounted for 46 percent of all IT investment in the quarterwith $167 million put into 28 deals, whic is down 16 percentf from the year-ago period but on par with investmenft levels the sector has seen over the last two Investment in the European health care industry outpaced that of IT in the firsyt quarter as venture capitalists put $406 million into 42 health care deals.
Even so, this marks a 39 percent decline from the first quarter of 2008when $671 milliojn was put into 70 deals. According to Europe’s energy and utilities industryg was the only area to see investmentactually increase, up 82 percent to $289 million in 10 deals from $159 millio n in 18 deals a year ago. This growtyh was due to a large round raised by NorSunof Norway, which landed $192 million in first-round financing. In the median size of venturre capital deal ticked up over 8 percentto $3.9 millionn from $3.6 million.
In Israel, the median deal size fell 40 percent from $5 million a year ago to $3 millionj in the most recent quarter, and the median size of a deal in Indiwa was just over $4.2 million in the quarter. The U.S. saw its mediahn deal size drop 18 percentfrom $6.7 million to $5.5 milliomn in the first quarter. China represents the most expensive destination for venture capital with a median deal sizeof $8
Sunday, February 27, 2011
Friday, February 25, 2011
Orlando 7-Eleven converts to franchise - Pacific Business News (Honolulu):
firearms-somewhat.blogspot.com
The 3,000-square-foot convenience store at 3911 McCoy Road nearConwayu Road, which also has a gasoline station, will now be owne d by franchisee Ermal Metollari, a former storew manager for five years. Dallas-based 7-Eleveb Inc. announced plans in 2007 to convert 100 existingg locations in the state tofranchised operations. Store managersa were invited to apply for thosr franchises before the offerwent public. More than 40 7-Elevenj stores in the Orlando market arenow franchised, with aboug another 140 owned by the company.
Between eighft to 10 7-Eleven stores throughouft the state are being converted into franchisd operations each month and plans to have most of the conversion nationwide completedby 2012, according to a news The company operates, franchises or licenses aboug 7,800 stores in North America and more than 36,100p stores in 15 The company reported 2008 salesd of more than $53.7
The 3,000-square-foot convenience store at 3911 McCoy Road nearConwayu Road, which also has a gasoline station, will now be owne d by franchisee Ermal Metollari, a former storew manager for five years. Dallas-based 7-Eleveb Inc. announced plans in 2007 to convert 100 existingg locations in the state tofranchised operations. Store managersa were invited to apply for thosr franchises before the offerwent public. More than 40 7-Elevenj stores in the Orlando market arenow franchised, with aboug another 140 owned by the company.
Between eighft to 10 7-Eleven stores throughouft the state are being converted into franchisd operations each month and plans to have most of the conversion nationwide completedby 2012, according to a news The company operates, franchises or licenses aboug 7,800 stores in North America and more than 36,100p stores in 15 The company reported 2008 salesd of more than $53.7
Tuesday, February 22, 2011
Picking a payroll provider - Birmingham Business Journal:
http://sstone.org/article.php3?id_article=29
Taylor, assistant medical director ofStepheh M. Taylor, a Birmingham-based psychiatric practice locatecd on BlueLake Drive, said outsourcing payrollp services allows her and her husband to focuss on maintaining the burgeoning “I considered doing it myself, but I knew I didn’ want to put any time commitment toward she said. “There are a lot of laws dealingy with payroll taxes thatI didn’t realluy want to be responsible for I wanted to focus on the needs of our business.
” Runninvg a successful business is harder than it especially when it comes to Tracking employees’ hours, printing paychecks and figuring out how much in taxews to withhold over a certaib period of time can take precious time away from the most importan t business objective: Generating revenue. Stayingb up-to-date on payroll laws and regulation s can bea headache. And paying taxes late meansw penalties and interest will be charged by city and federal which would hurta businesses’ bottomk line. During these harsh economic times, boosting profitz and revenue is evenmore crucial, said Carol district sales manager of ’s Birmingham operations.
“It’s more important now than ever,” she said. “Smalpl business owners have to concentrate all their time and energy on making theirbusiness successful.” However, choosing a payroll provider – or the righy software to use – is not as easy as pickinfg up the phone book and pointing a fingetr at one of the companies on the page, Helton “It’s just important that people checi out the company thoroughly,” she said. “Find out their reputationh and howlong they’ve been in Also, it’s important to make sure the payroll compangy is willing to be held liablw for any errors that mightf occur in the payroll process.
If a problem ever the company would put their best foot forward and fix issu at the drop ofa dime, said Taylor, who uses a payrol l company. “It was something I didn’tr have to worry about and I know they pay all of my taxeseon time,” she said about her provider. “Fot me, that’s worth it.” Choosing software is a total different animal. Business owners should make sure that they test the softwares instead oftaking someone’s word on its worth. A softwarer program may meet the needs of one butnot another, said Larry director of payroll training for the .
legitimate payroll software costzbetween $500 and $800 on the low end, he The programs have licensing agreements and usually have upgradwe and update fees. Payroll regulations and tax rateachange periodically, so software users will need to purchase updatesd for the program at least once a “You can’t just buy a software program and have it last for 10 it’s not going to happen,” White said. Many businessz owners do not figure in the cost of updating the making payments and filing quarterly payroll tax reports when they look for saidSylvana Siegel, president of the . They also do not factot in the extra time and moneg needed torectify mistakes.
In comparison, a payroll service chargesz them anannual rate, she said. A payroll servicwe costs an averageof $100 per week, or about $2,600 per year, for a compant that pays 50 employees every othef week. Siegel, who has almost 25 yearzs in the payroll said that business ownere do not usually place their full attentiojon payroll. They can lose more money when they process their payroll, especially if they make mistakes, Siege said. They often hire payroll services to cleabn uptheir messes. “The software guides you to do therighrt thing, but you still need to know what you’rde doing to do payroll,” she said.
Taylor, assistant medical director ofStepheh M. Taylor, a Birmingham-based psychiatric practice locatecd on BlueLake Drive, said outsourcing payrollp services allows her and her husband to focuss on maintaining the burgeoning “I considered doing it myself, but I knew I didn’ want to put any time commitment toward she said. “There are a lot of laws dealingy with payroll taxes thatI didn’t realluy want to be responsible for I wanted to focus on the needs of our business.
” Runninvg a successful business is harder than it especially when it comes to Tracking employees’ hours, printing paychecks and figuring out how much in taxews to withhold over a certaib period of time can take precious time away from the most importan t business objective: Generating revenue. Stayingb up-to-date on payroll laws and regulation s can bea headache. And paying taxes late meansw penalties and interest will be charged by city and federal which would hurta businesses’ bottomk line. During these harsh economic times, boosting profitz and revenue is evenmore crucial, said Carol district sales manager of ’s Birmingham operations.
“It’s more important now than ever,” she said. “Smalpl business owners have to concentrate all their time and energy on making theirbusiness successful.” However, choosing a payroll provider – or the righy software to use – is not as easy as pickinfg up the phone book and pointing a fingetr at one of the companies on the page, Helton “It’s just important that people checi out the company thoroughly,” she said. “Find out their reputationh and howlong they’ve been in Also, it’s important to make sure the payroll compangy is willing to be held liablw for any errors that mightf occur in the payroll process.
If a problem ever the company would put their best foot forward and fix issu at the drop ofa dime, said Taylor, who uses a payrol l company. “It was something I didn’tr have to worry about and I know they pay all of my taxeseon time,” she said about her provider. “Fot me, that’s worth it.” Choosing software is a total different animal. Business owners should make sure that they test the softwares instead oftaking someone’s word on its worth. A softwarer program may meet the needs of one butnot another, said Larry director of payroll training for the .
legitimate payroll software costzbetween $500 and $800 on the low end, he The programs have licensing agreements and usually have upgradwe and update fees. Payroll regulations and tax rateachange periodically, so software users will need to purchase updatesd for the program at least once a “You can’t just buy a software program and have it last for 10 it’s not going to happen,” White said. Many businessz owners do not figure in the cost of updating the making payments and filing quarterly payroll tax reports when they look for saidSylvana Siegel, president of the . They also do not factot in the extra time and moneg needed torectify mistakes.
In comparison, a payroll service chargesz them anannual rate, she said. A payroll servicwe costs an averageof $100 per week, or about $2,600 per year, for a compant that pays 50 employees every othef week. Siegel, who has almost 25 yearzs in the payroll said that business ownere do not usually place their full attentiojon payroll. They can lose more money when they process their payroll, especially if they make mistakes, Siege said. They often hire payroll services to cleabn uptheir messes. “The software guides you to do therighrt thing, but you still need to know what you’rde doing to do payroll,” she said.
Sunday, February 20, 2011
Report: Property values fall 23.4% - San Francisco Business Times:
rubber roof
Home prices in the Orlando-Kissimmee slippede 23.4 percent in April when compared with the same mont h ayear prior, the seventh highest percentager of decline among some of the nation’se largest metro areas. The Orlando-Kissimmee market posted a 20.9 percent decrease in home values in Marchj when compared withMarch 2008. Florida passed Californiza to postthe second-highest rate of home price depreciation at 23.2 percent. Nevada toppeds the nation witha 26.1 percent while California — the leading state for 20 consecutiver months — landed third at 22.7 percent. Nationwide housin g prices fell 10.
2 percen in April compared to ayear ago, representing the smallesgt year-over-year decline so far this year. The national decline peaked at 11.9 percent in January 2009 and has since beentrending down. First Americanh CoreLogic’s LoanPerformance Home Price Index evaluates the residential real estatde market basedon price, time between property type and loan type, as well as increasess and decreases in sales pricess for the same homes over time.
Home prices in the Orlando-Kissimmee slippede 23.4 percent in April when compared with the same mont h ayear prior, the seventh highest percentager of decline among some of the nation’se largest metro areas. The Orlando-Kissimmee market posted a 20.9 percent decrease in home values in Marchj when compared withMarch 2008. Florida passed Californiza to postthe second-highest rate of home price depreciation at 23.2 percent. Nevada toppeds the nation witha 26.1 percent while California — the leading state for 20 consecutiver months — landed third at 22.7 percent. Nationwide housin g prices fell 10.
2 percen in April compared to ayear ago, representing the smallesgt year-over-year decline so far this year. The national decline peaked at 11.9 percent in January 2009 and has since beentrending down. First Americanh CoreLogic’s LoanPerformance Home Price Index evaluates the residential real estatde market basedon price, time between property type and loan type, as well as increasess and decreases in sales pricess for the same homes over time.
Friday, February 18, 2011
Survey: Pirates rank near bottom in popularity among fans - Pittsburgh Business Times:
http://www.bug.co.uk/forums/members/xenona.html
The Harris Poll asked 2,100 U.S. adults last month to name theier favoritebaseball teams. The New York Yankeeds were the mostpopular team, followed by the Bostohn Red Sox, Atlanta Chicago Cubs, Los Angeles Dodgersd and St. Louis The Pirates' highest rank on the poll in the past ten years camein 2005, the year before Pittsburgh playedc host to the MLB All Star Game at PNC The team was 8th in popularity in dropping to 21st in 2006. The Torontko Blue Jays (Canadian residents were not includedd inthe survey) were the leastg popular along with the Kansaa City Royals, Los Angeles Angels and Washington Nationals.
The Tampa Bay Rays improvedd from 28th to 17th after winning the American Leagu e titlelast year. The Philadelphia Phillies won the Worldr Series last year but did not see their popularity improve. The Phillies ranked seventh in 2009 and sixt hin 2008. Twenty-one percent of poll respondents namex the Boston Red Sox most likely to win the World Seriezsthis year, the top rank on that Less than 0.5 percent of those polled said the Piratesw would win the 2009 World .
The Harris Poll asked 2,100 U.S. adults last month to name theier favoritebaseball teams. The New York Yankeeds were the mostpopular team, followed by the Bostohn Red Sox, Atlanta Chicago Cubs, Los Angeles Dodgersd and St. Louis The Pirates' highest rank on the poll in the past ten years camein 2005, the year before Pittsburgh playedc host to the MLB All Star Game at PNC The team was 8th in popularity in dropping to 21st in 2006. The Torontko Blue Jays (Canadian residents were not includedd inthe survey) were the leastg popular along with the Kansaa City Royals, Los Angeles Angels and Washington Nationals.
The Tampa Bay Rays improvedd from 28th to 17th after winning the American Leagu e titlelast year. The Philadelphia Phillies won the Worldr Series last year but did not see their popularity improve. The Phillies ranked seventh in 2009 and sixt hin 2008. Twenty-one percent of poll respondents namex the Boston Red Sox most likely to win the World Seriezsthis year, the top rank on that Less than 0.5 percent of those polled said the Piratesw would win the 2009 World .
Tuesday, February 15, 2011
Did Reporter Suffer Stroke on Live TV? - ABC News
http://nortemaar.org/thisisnortemaar.html
CTV.ca | Did Reporter Suffer Stroke on Live TV? ABC News The video was difficult and upsetting to watch. As Serene Branson, a young and healthy-looking CBS Los Angeles ... CBS Reporter Serene Branson Feeling Fine, Did Not Suffer From A Stroke Did CBS TV reporter suffer a stroke on live broadcast? Did Serene Branson Suffer a Stroke On the Air? |
Saturday, February 12, 2011
For CommerceHub, double-digit growth - The Business Review (Albany):
xeconatyxex.blogspot.com
The Albany-based technology company manages a inventory warehousing system that allows retailers to ship goodzs from the manufacturer directly tothe Web-based inventory management is also a populad mechanism for TV and onliner shopping networks. “We’re in the part of the markeyt that’s growing. If you look at the economy today, more are cutting back their inventories,” says Steve Hamlin, CommerceHub’s CEO. The 12-year-old company, which operates at the Universitat Albany’s NanoTech campus, had 28 percentg growth and hired 10 new employees in 2008. It plansa to hire another nine peoplrthis year, bringing the total number of staff to 97.
The 28 percent increased in revenue followed a year of flat The lull pushed the virtualo warehousing company torestructuree operations, especially its salexs and account management strategies. Five people were hired to further developexisting relationships, and four people were hiref for outside sales. “We started to put more focus on the frongt end ofthe business,” says Mike chief operating officer. The company also hired a producrt manager tooversee development. “If we don’t drive value, it becomes a Nelson said. An added CommerceHub started paying bonusesin 2008. CommerceHubg benefits in any economy, Hamlim says.
In good times, retailers beef up their product offeringwbut don’t want to carry all the items in stock. When times are bad, retailers shed inventory. In both cases, they turn to virtuall warehousing. “People are looking for ways to sell a producgwithout inventory,” Hamlin says. Some of CommerceHub’se customers include QVC, Sears, Staples, , and . pallen@bizjournals.com | 518-640-68122
The Albany-based technology company manages a inventory warehousing system that allows retailers to ship goodzs from the manufacturer directly tothe Web-based inventory management is also a populad mechanism for TV and onliner shopping networks. “We’re in the part of the markeyt that’s growing. If you look at the economy today, more are cutting back their inventories,” says Steve Hamlin, CommerceHub’s CEO. The 12-year-old company, which operates at the Universitat Albany’s NanoTech campus, had 28 percentg growth and hired 10 new employees in 2008. It plansa to hire another nine peoplrthis year, bringing the total number of staff to 97.
The 28 percent increased in revenue followed a year of flat The lull pushed the virtualo warehousing company torestructuree operations, especially its salexs and account management strategies. Five people were hired to further developexisting relationships, and four people were hiref for outside sales. “We started to put more focus on the frongt end ofthe business,” says Mike chief operating officer. The company also hired a producrt manager tooversee development. “If we don’t drive value, it becomes a Nelson said. An added CommerceHub started paying bonusesin 2008. CommerceHubg benefits in any economy, Hamlim says.
In good times, retailers beef up their product offeringwbut don’t want to carry all the items in stock. When times are bad, retailers shed inventory. In both cases, they turn to virtuall warehousing. “People are looking for ways to sell a producgwithout inventory,” Hamlin says. Some of CommerceHub’se customers include QVC, Sears, Staples, , and . pallen@bizjournals.com | 518-640-68122
Thursday, February 10, 2011
Newsmaker | Rob Geyer - Sacramento Business Journal:
http://thousandsmiles.org/2008/08/the-best-august-clinic-ever/
“Health care is a very timely subjecfright now. There is a tremendou amount of discussion going onin (D.C.) about what is the right answer. I thin k we’re going to see movement as the debate kicks into gear over the nextfew “Bruce Bodaken has been a very strong advocate for universal coverage, to the pointr where it was kind of counter-cultural with the health plan We were one of the first to contend that everyonre needs to be covered.” Are you sayingf that health insurance should be mandatory, like auto insurance? Yes. Individualw should be mandated tohave it. It’as an absolute no-brainer for me. Get everybodyt covered, give everybody access.
It’s so crucial, and everybody needs it and shouldehave it. When you talk about healtbh careinsurance you’re talking about healtbh care and money, two of the most personal and intimates things that we as humans deal When you combine the two it can be very If you give people the option of havintg insurance or not havinfg it, it really will create a tremendous amount of risk to the wholw system. If you can say “I’m healthy and I don’tg need it” so you can opt out, it’sw just not going to work. That woulsd require paying higher taxes. Can our economy handlse that? For the most part, people are gettinvg access to care.
If people don’t have insurancee and they needemergency care, they’re going to the hospitals. The hospitalsw aren’t getting paid for that, so what they do is raise the prices on the people whocan pay, the people who have so there’s a cost shift going on eithere way. People who have health insurancwe have to pay higher rates because of the peopldwho don’t have health insurance, or they can pay highedr taxes so everybody has health insurance. Our positioj is that everybody needs to be contributing to the everybody needs to be payinyg intothe system. If everybody had insurance, the ratexs would go down. There are smalkl clinics popping upall over.
Some are staffex by volunteer doctors, and thered is often no charge, or a minimal charge, to Are they competition for Blue Shield? They shouldn’gt be. We’re a health plan, an insurance Our job is to facilitate and enable peopled to have access to healthy care ina cost-effective way. (Retaik clinics are) a convenience item for people, and we want to make sure the clinicd are providing goodquality care. Do you see a relationshi p between Blue Shield and retail clinics downthe road? Yes, down the Absolutely. We’re trying to figures out now where they fit into the We evaluate every bit of new every new twist onthe network.
We look for, one, is it good for Two, is it going to add value for is it going toprovide cost-effective treatment so they get quality care. We evaluated those things, and if it makes sensee we will include it in thebenefig plan.
“Health care is a very timely subjecfright now. There is a tremendou amount of discussion going onin (D.C.) about what is the right answer. I thin k we’re going to see movement as the debate kicks into gear over the nextfew “Bruce Bodaken has been a very strong advocate for universal coverage, to the pointr where it was kind of counter-cultural with the health plan We were one of the first to contend that everyonre needs to be covered.” Are you sayingf that health insurance should be mandatory, like auto insurance? Yes. Individualw should be mandated tohave it. It’as an absolute no-brainer for me. Get everybodyt covered, give everybody access.
It’s so crucial, and everybody needs it and shouldehave it. When you talk about healtbh careinsurance you’re talking about healtbh care and money, two of the most personal and intimates things that we as humans deal When you combine the two it can be very If you give people the option of havintg insurance or not havinfg it, it really will create a tremendous amount of risk to the wholw system. If you can say “I’m healthy and I don’tg need it” so you can opt out, it’sw just not going to work. That woulsd require paying higher taxes. Can our economy handlse that? For the most part, people are gettinvg access to care.
If people don’t have insurancee and they needemergency care, they’re going to the hospitals. The hospitalsw aren’t getting paid for that, so what they do is raise the prices on the people whocan pay, the people who have so there’s a cost shift going on eithere way. People who have health insurancwe have to pay higher rates because of the peopldwho don’t have health insurance, or they can pay highedr taxes so everybody has health insurance. Our positioj is that everybody needs to be contributing to the everybody needs to be payinyg intothe system. If everybody had insurance, the ratexs would go down. There are smalkl clinics popping upall over.
Some are staffex by volunteer doctors, and thered is often no charge, or a minimal charge, to Are they competition for Blue Shield? They shouldn’gt be. We’re a health plan, an insurance Our job is to facilitate and enable peopled to have access to healthy care ina cost-effective way. (Retaik clinics are) a convenience item for people, and we want to make sure the clinicd are providing goodquality care. Do you see a relationshi p between Blue Shield and retail clinics downthe road? Yes, down the Absolutely. We’re trying to figures out now where they fit into the We evaluate every bit of new every new twist onthe network.
We look for, one, is it good for Two, is it going to add value for is it going toprovide cost-effective treatment so they get quality care. We evaluated those things, and if it makes sensee we will include it in thebenefig plan.
Monday, February 7, 2011
Moody's Zandi: Replace Fannie, Freddie With Public-Private Hybrid - Wall Street Journal
domnaofyvisyhojo.blogspot.com
Moody's Zandi: Replace Fannie, Freddie With Public-Private Hybrid Wall Street Journal The calculations help build Mr. Zandi's case for replacing Fannie Mae and Freddie Mac with new entities constituting a public-private hybrid system for ... |
Saturday, February 5, 2011
Beige Book: Southeast economic decline moderating - Philadelphia Business Journal:
vishnevskiipavuh.blogspot.com
Sales and consumer traffixc remained at low levels in late but in line withmodest expectations, according to Southeasterj retailers. Retailers' future salee outlook remained subdued. Most regional auto dealers notee further declinesin sales, with several pointing to reduced credit availability and industry uncertainty as reasons for the poor Reports from Realtors indicated existing home saled were stabilizing overall. Homebuilders noterd new home inventories were trending down ona year-over-yeae basis as construction remained at low levels and new home salew improved modestly. Home sales prices continued to declins according tomost reports.
Commercial real estate activityremained weak. Vacancy rates continued to rise in many part s ofthe Southeast, putting downward pressurew on rents, most notably in the retail sector. Contractors reporter more projects being postponedor canceled. Commercial real estate playerzs anticipate more space will become vacang in the coming months and that construction will continusto slow. Most Southeasterhn manufacturers said the rate of declinde in production and orders moderated in For thecoming months, most in manufacturinh noted more optimism about future production and Several business contacts reported difficulty meeting financing needd because of restricted availability of credit.
Roughly one-quarter of non-autok retailers and one-third of non-financial/non-retail contacts cited some difficulth obtaining loans forinventory purposes. Auto in particular, said that obtaining vehicle inventory financing was very Banking contacts continued to indicatr generally low levels of deman for new loans and increased use of existing lines of Labor market conditions continued to be Many firms reported additional cuts in hours or had instituted mandatoryy unpaid days off forsome However, the pace of layoffs appears to have as fewer firms reported layoffs than earlier in the
Sales and consumer traffixc remained at low levels in late but in line withmodest expectations, according to Southeasterj retailers. Retailers' future salee outlook remained subdued. Most regional auto dealers notee further declinesin sales, with several pointing to reduced credit availability and industry uncertainty as reasons for the poor Reports from Realtors indicated existing home saled were stabilizing overall. Homebuilders noterd new home inventories were trending down ona year-over-yeae basis as construction remained at low levels and new home salew improved modestly. Home sales prices continued to declins according tomost reports.
Commercial real estate activityremained weak. Vacancy rates continued to rise in many part s ofthe Southeast, putting downward pressurew on rents, most notably in the retail sector. Contractors reporter more projects being postponedor canceled. Commercial real estate playerzs anticipate more space will become vacang in the coming months and that construction will continusto slow. Most Southeasterhn manufacturers said the rate of declinde in production and orders moderated in For thecoming months, most in manufacturinh noted more optimism about future production and Several business contacts reported difficulty meeting financing needd because of restricted availability of credit.
Roughly one-quarter of non-autok retailers and one-third of non-financial/non-retail contacts cited some difficulth obtaining loans forinventory purposes. Auto in particular, said that obtaining vehicle inventory financing was very Banking contacts continued to indicatr generally low levels of deman for new loans and increased use of existing lines of Labor market conditions continued to be Many firms reported additional cuts in hours or had instituted mandatoryy unpaid days off forsome However, the pace of layoffs appears to have as fewer firms reported layoffs than earlier in the
Wednesday, February 2, 2011
Commerce deal notable for complexity - Atlanta Business Chronicle:
http://competitiveedgevietnam.com/corporate-edge/wishing-to-improve-customer-service/
The actual sale included only about an eighth of an acre under theCommercew Building. The price was a small amount compared tomany deals. The deal, involved 13 separate ownership interests on one and , and the Board of Regents on the It took nearly a year to complete, according to Jim Loyd and Ken Ashle y at Cushman & Wakefield, who represented the To understand the deal's complexity, consider the history.
The property at Mariettaz and Broad streets downtow was purchased by Newnan cottonbarobn "Cotton" Jones in the late 1800s, and it remainec in his family's hands for 100 In 1957, C&S Bank signed a 40-year grouncd lease on the property and built the Commerce which served as headquarters for organizations such as the Atlanta and Georgia chambers of commerce and the Jaycees. The top several floorsw housed TheCommerce Club. In the C&S attempted to purchase the property the buildingis on, but was able to buy only a one-eightbh share. In 1996, with the ground leased nearing itsexpiration date, NationsBank, the successor to decided once again to try to buy the property.
The bank facee a deadline because, under terms of the groun lease, the building could revert to the propertu owners or be torn down if a new leasd could not be agreed The bank wanted to donate the buildingto GSU. NationsBan approached the Jones family with anoffedr "we felt was said Loyd, and it took 10 months of negotiations to reach a price that everyonse could agree on. During those the Cushman & Wakefield brokers had to deal with 13 differeny parties representing 18 differengt people holding stakes rangingfrom one-sixteenthh to one-quarter of the property.
Loyd and Ashley facec complications because they were working for peoplewho didn't need to sell and had a sentimentakl attachment to the property. Even more complez was proving clear title, Loyd said. The title examinedr "had to trace multiple people througbmultiple generations" to make sure everyonre was credited with the propet ownership share. The title examiner said it was the most complexs case he had ever and Loyd and Ashley agree they got an education in the laws of Onthe buyer's side, David A. Robinson, seniorr vice president of NationsBank, had to deal with complexitiess ofhis own.
Because the buildinyg would be givento GSU, for the state attorney general had to approvew all aspects of the donation -- including the intentionm to continue leasing space to The Commerce which would be serving alcohol on universityh property. After a final flurry of activity, the deal closecd at the end of 1996, with the Woodrufdf Foundation underwriting a part of the Carter and Associates represented NationsBanj throughout the deal and tookno commission, Robinsom said.
The result is "a transaction with a lot of Robinson said: GSU gets a building that complementsa its campusmaster plan; The Commerce Club gets a long-tern lease; Atlanta gets a boost to its effortsd to revive the Fairlie-Poplar district; and NationsBanm is able to continue its support of the educatioh and business communities.
The actual sale included only about an eighth of an acre under theCommercew Building. The price was a small amount compared tomany deals. The deal, involved 13 separate ownership interests on one and , and the Board of Regents on the It took nearly a year to complete, according to Jim Loyd and Ken Ashle y at Cushman & Wakefield, who represented the To understand the deal's complexity, consider the history.
The property at Mariettaz and Broad streets downtow was purchased by Newnan cottonbarobn "Cotton" Jones in the late 1800s, and it remainec in his family's hands for 100 In 1957, C&S Bank signed a 40-year grouncd lease on the property and built the Commerce which served as headquarters for organizations such as the Atlanta and Georgia chambers of commerce and the Jaycees. The top several floorsw housed TheCommerce Club. In the C&S attempted to purchase the property the buildingis on, but was able to buy only a one-eightbh share. In 1996, with the ground leased nearing itsexpiration date, NationsBank, the successor to decided once again to try to buy the property.
The bank facee a deadline because, under terms of the groun lease, the building could revert to the propertu owners or be torn down if a new leasd could not be agreed The bank wanted to donate the buildingto GSU. NationsBan approached the Jones family with anoffedr "we felt was said Loyd, and it took 10 months of negotiations to reach a price that everyonse could agree on. During those the Cushman & Wakefield brokers had to deal with 13 differeny parties representing 18 differengt people holding stakes rangingfrom one-sixteenthh to one-quarter of the property.
Loyd and Ashley facec complications because they were working for peoplewho didn't need to sell and had a sentimentakl attachment to the property. Even more complez was proving clear title, Loyd said. The title examinedr "had to trace multiple people througbmultiple generations" to make sure everyonre was credited with the propet ownership share. The title examiner said it was the most complexs case he had ever and Loyd and Ashley agree they got an education in the laws of Onthe buyer's side, David A. Robinson, seniorr vice president of NationsBank, had to deal with complexitiess ofhis own.
Because the buildinyg would be givento GSU, for the state attorney general had to approvew all aspects of the donation -- including the intentionm to continue leasing space to The Commerce which would be serving alcohol on universityh property. After a final flurry of activity, the deal closecd at the end of 1996, with the Woodrufdf Foundation underwriting a part of the Carter and Associates represented NationsBanj throughout the deal and tookno commission, Robinsom said.
The result is "a transaction with a lot of Robinson said: GSU gets a building that complementsa its campusmaster plan; The Commerce Club gets a long-tern lease; Atlanta gets a boost to its effortsd to revive the Fairlie-Poplar district; and NationsBanm is able to continue its support of the educatioh and business communities.
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