Thursday, March 17, 2011

May's high-end home sales rose over April - Silicon Valley / San Jose Business Journal:

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Coldwell Banker Residential Brokerage reported that almosty 150 luxury properties soldin May, up from 100 in Aprill but down from the 300 that sold in May 2008. The media sale price rose to $1.41 up almost 9 percent from April’s median pric e of $1.3 million. Compared to 2008, however, prices remained Rick Turley, president of Coldwell Banker Residential Brokerage, said in a presds release that the lower end of themarkert “continues to be the hottest segmenr in the South Bay,” but higher-pricedc homes are beginning to see improvements. “Salee continue to tick highedr and homes are selling fastet than they have in nearly a Turley said.
“We still have a ways to go beford the market returns to but we’re making Among the highlights in Coldwell Banker’s luxury report were that the two highestf sales were a $4 million home in Monte Serenol and another selling for the same price in Los Palo Alto had the lion’s share of the luxury end marke with 38 sales; Los Altos had 28 and San Jose reportedr 20. Coldwell Banker also reported that luxury homea sold for 93 percent of their asking down frm 97 percent of the listed price ayear ago.

Tuesday, March 15, 2011

Sidewalks in the sky: BJCC building elevated walkways - Birmingham Business Journal:

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Construction recently started and isthe next-to-lastf major renovation the existing facility will receivd as part of its six-year, $52 millioj capital improvements project, said Jack Fields, executivw director at the BJCC. The connectint skywalks and corridors are slated for completion in around the same time renovations will be completee on the arena and north and southmeetingb rooms. “At that point, we will have gotte the existing facility to the greatest poin we can get it to with theoriginal design,” Fieldx said. A grand reopening is scheduler in the next few weeks for the Concert which recently receiveda $12 million he said.
The new skywalk and corridoe system will allow internal access to meeting roomds and exhibit halls that only have entrancess from outsidethe buildings. Birmingham’xs Brasfield & Gorrie LLC is serving as general contractor. “The bottom line is when we have a majotr hotel that isaccommodating out-of-town attendees, they have to go outsidd to get to particularr areas, Fields said. And that could sway a meeting planner’e decision when picking a site and lookingy at allthe particulars, especiallyy the weather, said Jim Smither, president of the and .
“This is goingb to give us another locationto sell,” he “It’s going to open up the Right now, you can’t go to the Nortgh Hall or meeting rooms without going outdoors.” Plans call for a skywalk to reach across Richardf Arrington Jr. Boulevard North from the Sheraton Birmingham Hotelo to the North Exhibit said Fields. Another one will extend from the North Hall to the uppe r level of the arena on NinthAvenued North. And raised corridors will go arounx the perimeter ofthe facility, includingy into the second level of the proposee entertainment district, The he said. The countdown continues for theproposedx $40 million entertainment district.
As of the backward-ticking clock given to the BJCC by developedr is set at 338 daysuntil completion. As of press construction on the entertainment complex had not Smither said all the BJCC renovations and the additionh of the entertainment district will tip the scalesin Birmingham’s favor for attracting more conventions and meetings. “The whole ball game is goinf to change,” he said. “Right now (lacm of nearby restaurants) is one of our biggesty problems. It will be neat for peoplee to just walkover there.” Performza has plans to build the entertainment districr adjacent to the BJCC, similar to the one it developed in Memphiz on Beale Street.
As of now, the company is finalizingy its financing to start the Slated to appear in the district includesCoyote Ugly, Green Acres Cafe, Humidor, China Master, Aloft nightclubs by American Idol winners Ruben Studdard and Taylor Golden Rule Barbecue and others. Los Angelezs promoter AEG, which has shown interest in building a smal l concert venue in the entertainment last week signed a deal with the BJCC to help bringy entertainment events tothe facility.
A site at the BJCC is one of threre locations in the area in the running for a newdomede stadium, proposed by Birmingham Mayor Larry Other potential sites for the dome includ e Legion Field on Birmingham’s West Side and land near the Birminghamj Race Course on the northeast side of News reports indicate Langford is set to announcd his decision by Laborr Day.

Saturday, March 12, 2011

SFR to switch off 5000 former Erenis FTTB customers - Telecompaper (subscription)

http://www.allison-mack.com/film_hiller.htm


SFR to switch off 5000 former Erenis FTTB customers

Telecompaper (subscription)


The network formerly operated by Erenis, acquired in 2007 by Neuf Cegetel, itself bought by SFR, still has slightly under 10000 subscribers in Paris buildings, with fibre to the building and copper cabling to individual flats. ...



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Wednesday, March 9, 2011

Staycations could boost Minnesota's tourism industry - Mpls./St. Paul Business Travel Guide

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Last year at this time, gas prices rose to more than $4 per putting the brakes on traditional summerroad trips. Now gas is back around $2 a but a deep recession lingersx after putting hundreds of thousands of Americanx out of work and causing millions more to rein inthei spending. “Gas prices are not as much of a concer right now as theoverall economy, consumed confidence and people’s concerns about their jobs and retirements,” said John who has been executive director of for the past nine Consequently, this will be a particularlu challenging year for Minnesota operators, though there is hope that Minnesotanx who travel will do so closer to At Madden’s on Gull Lake in owner and General Manager C.
Brian Thuringer said this has beenthe “most of the four or five recessionsd he has seen during his 36 years at the “This is the first time that the bottom has reallt fallen out,” Thuringer said. there was always that feeling that there was a slump andthings weren’t flowing, but tomorrow was goingb to be great. This is the first time when peoplde don’t really know when tomorrow is.” A recent survey conductedd by Explore Minnesota found that 57 perceng ofthe state’s lodging businesses saw revenue and occupanchy decline in April and May as compared to a year ago.
51 percent of Minnesota hotel and campgrounds operators said they expect business to remaihn flat or increase this summer compared to last About 60 percent of survey respondents described the financial health of theire businessesas “growing” or “stable, but positive.” Therer are some concerns abouty declining rates, but overall, Edman expects this to be a relativelt strong summer for the state’s $11 billion-a-year tourism industry. The statd typically generates about 37 percent ofits travel-relate revenue during the months of June, July and August, and he thinks those peak months will be busy again this “People are still going to want to Edman said.
“They’re just goinvg to travel differently than they did inthe past. People still need to get away for stress reliet andhealth reasons.” The biggest difference this Edman predicts, will be wherer people decide to go. He expects that most people will stay closere to home andbook shorter, less-expensive trip s within driving distance of where they live. That’s why Explor e Minnesota is changing itsmarketing approach. Typically, it spends abouty 80 percent of its marketing budgeyt to promote the stateto nonresidents, with the remaining 20 percenft aimed at locals; this that split is closer to 60-40.
“We don’t have oceansz and we don’t have mountains, but we do have a lot of thinge thatare unique,” Edman said. “Whether it’s fishing or hikingb or biking, those are relatively low-cosrt activities that you can do here. You don’t have to go That could bode well forMinnesota resorts, as Twin Citiesw residents book trips to Duluth or Brainerd, instead of venturing on cross-country trips, said Dave president and CEO of Hospitality which oversees the state’s lodging, and resort and campground “I think it’s going to be a good he said. “… I’m not projecting an but I expect [resorts] to hold their own.
” Camping and fishingt also could see a boost in popularity this Siegel said. Meanwhile, officials at Minneapolis’ convention and visitores bureau, Meet Minneapolis, remains “cautiousl optimistic” about business this summer, said President and CEO Melvij Tennant. “A lot of our hospitality-industrhy executives believe we’ve either hit bottom or are close tohittingg bottom, and that from this poing on, we’re going to be able to see some very modes growth.
… I think this summer could be very good for Meet Minneapolis advertisedits “Downtown Sizzle” which includes discount packages at 12 participating hotelsd through September, with 450,000 promotional inserts in newspaperes in the Twin Cities; Duluth; Des Moines, Fargo, N.D.; Madison, Wis.; Milwaukee; and Winnipeg, Getting a true read on the summer hospitality businessw is difficult, however, because people are waitinh longer to book their trips. So even the northernb Minnesota resorts that anticipate a busy summer still have numerous opening s duringpeak months. “It’s a much more last-minute vacation-planningh experience,” Siegel said.
“I think that’s understandable. If peoplse are nervous about thei r jobs or theireconomic futures, they’rre waiting until they have a greater degree of security before they make that reservation.”

Monday, March 7, 2011

Colorado stimulus board boosts minority-outreach effort - Philadelphia Business Journal:

http://thisyearsgirl.com/writing/atgg/atgg-c-1.html
And officials with the Colorado Department of Transportatio told the board they will recommend the agency revie w how it handles complaints abou road and bridge contracts and the use ofthese minority- and woman-owned businesses. Maranda Pleau, the small businesas coordinatorfor Greeley-based general contractor , will join the Colorad Economic Recovery and Accountability Board June 29, chairman Don Ellimam said during a board meeting Her job is to ensure minority businessed are aware of contracts related to the stimulua package, Elliman said. The moveds come in response to a complainft from HamonContractors Inc.
in Denvee over a bridge repair projecy paid for with money from the American Recovery andReinvestmenrt Act. Hamon lost a bid April 16 to rebuild two bridgews over Interstate 76 inAdams County. The lowest bid for the contract camefrom Centennial-based , which bid $8 million for the nearly 15 percent under CDOT’s estimate of $9.4 million. Stats contracts are typically awarded to thelowestg bidder. But Hamon objected to CDOT awarding the projec tto Sema, saying Sema didn’t make a "good-faith effort" to hire enough minority according to a June 3 letter from Mark director of the Governor’s Economicc Recovery Team, to the accountabilitt board.
CDOT reviewed the complaint, and Sema’s efforts to get minority businessexs involved in thebridge contract. The reviewq concluded Sema metthe agency’w threshold for trying and CDOT formally awardedr the project to the company, CDOT executive director Russ Georgew said. But CDOT wants to review how it handles futuree complaints about using disadvantaged businessesx onstate contracts. Celina Benavidez, director of administration for told the accountability board she will recommendthe agency’s commissioners form a review committeee involving members of the agency, interesr groups, industry, the attorney general’s office, and federa transportation officials.
How to gather input from minorithy businesses about their experience with aprimde contractor. At the meeting, Hamon attorneu Seth Firmender thanked CDOT for being willinf to reviewthe process. Helga Grunerud, executive directoer of the Hispanic Contractors of alsopraised CDOT’s move, saying, "Wew believe we’ve been heard."

Friday, March 4, 2011

PBGC asks to terminate Milacron pension plan - Business First of Columbus:

http://antiflumedicine.com/?p=11
The federal agency filed a termination actiojnin U.S. District Cour t in Cincinnati on Wednesday, seeking judiciak appointment as trustee ofthe plan’es assets and immediate termination of the company Milacron’s retirement plan is underfunded by an estimated $313 it said. The agency determined that Milacron’s retirementr plan will be unabls to pay benefits that come due and thatthe long-terj loss to the PBGC would be expecter to increase, it said. Plan beneficiaries will continue to receivre retirement benefits from the PBGC but at a reducecd rate compared tothe company-backeed plan. Milacron and six subsidiaries filed for Chaptere 11 bankruptcy protection onMarch 10.
It has agreex to sell substantially all of its assets to affiliates of and investorsx own the bulkof Milacron’s seniorr secured notes and would not assume obligations to Milacron retirees. The agreement is subject to bankruptc y court approval and potential competing bids fromotherf parties. If no other qualifies bids are received byJune 24, Milacron will reques t court approval of the sale on June 26. If at leas one other qualified bidis received, an auctionb will be held on July 17, and Milacron’xs assets will be sold to the qualifiedx bidder submitting the highest and best subject to court approval, it said.
Milacro n (OTCBB: MZIAQ) is a Batavia-basedr manufacturer of plastics processin g machinery andrelated technologies. Its Cimcool metalworkinf fluids business is basedin Oakley. The compang was founded in Cincinnatiin 1885, and by the middle of the 20th century had grown to be the world’ largest manufacturer of machine At one time it employed 15,000 peopled on its Oakley campus. It sold its machine tool operationxs in 1998 to concentrate on plasticesprocessing machinery, but the sale did not include a transfef of retirement plan obligations to its former machine tool It now employs fewer than 1,00o people in Clermont County and Oakley.

Wednesday, March 2, 2011

Supreme Court to hear arguments on John Ashcroft, immunity to lawsuit - Kansas City Star (blog)

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Fox News


Supreme Court to hear arguments on John Ashcroft, immunity to lawsuit

Kansas City Star (blog)


Gelernt contends that the Bush administration used the material witness statute for something Congress specific »