iwyqaxewun.wordpress.com
David Risdon would like to see discount other retail, office space and perhaps some residential uses across from his High Rock “The concept would be like a Birkdale Village but with premiumm outlets,” he says, referring to the mixed-use center in Huntersville. The timeline woulsd be dictated by a recovery fromthe recession, he Risdon, chief executive of , the limitedx liability company developing High Rock Raceway, would devotd 40 acres on U.S. Highwagy 29 to the new project. He would seek a retai l developer to build theoutlet center. The plan calls for as much as 300,0000 square feet of retail space andabout 200,00o0 square feet of offices.
A museum and hotel are also planned on the Combined withthe $30 2.15-mile road-course racetrack and 114 adjacent townhouses, the totall price tag for High Rock will be $205 The track is being builtt on 200 acres once occupiedf by N.C. Finishing Co., or Color-Tex International, a formedr Fieldcrest Cannon plant that wasonce Rowan’as largest employer. The facility closed in eliminating its last350 jobs. The credit crisis and recession have delayef the project since it was announcedin 2005. of Calif., pulled its offer of a $30 million constructioh loan earlierthis year.
Now Risdon has the interesf of a consortium of insurance and pension companies in financinvg the track and townhouse phase ofthe project. He declines to identify the financiers. This the Spencer Board of Aldermen approvedxa 28-page development agreement that was required by Risdon’se investors. The agreement requirew the track and an initial phase of townhousesd be complete by a year after sitework begins. Risdon expectsw grading to startnext month. He has 20 years to completee theentire project, accordin g to the development agreement. Clayton Homes, whicu operates three plants within 30 minutes of High will buildthe townhouses.
The structurex will be fabricated at the plant and erected at thedevelopmenyt site. Spencer Town Manager Larry Smith says the potential tax revenude and prestige of the project make it wort hthe delays. “We’re behind the project as much as wecan
Friday, May 11, 2012
Wednesday, May 9, 2012
N.C. high in self-employed company starts - The Business Journal of the Greater Triad Area:
dyakonostrlin.blogspot.com
The Census Bureau calls such businessesnonemployet businesses, which are typically self-employed individuals operating a very unincorporated company. North Carolina’s growth rate for nonemployee businesseswas 6.7 percent from 2006 to the most recent data available. Georgia led the nationm with a 6.9 percent increase, followed by Alabamz at a 6.8 percent The economic sectors represented by nonemployerr businesses include real estate services and specialtytrade contractors. The United States added nearly 1 milliob nonemployer businesses from 2006 to totaling 21.7 million enterprises. The nationwidwe growth rate was 4.5 percent.
Receipts for nonemployer busines in the United Statestotaled $992 billion in 2007, up 2.2 percentg from $970 billion in 2006. Nort Carolina receipts totaled $27.5 billionh in 2007, a 4.5 percenft increase over 2006 receipts.
The Census Bureau calls such businessesnonemployet businesses, which are typically self-employed individuals operating a very unincorporated company. North Carolina’s growth rate for nonemployee businesseswas 6.7 percent from 2006 to the most recent data available. Georgia led the nationm with a 6.9 percent increase, followed by Alabamz at a 6.8 percent The economic sectors represented by nonemployerr businesses include real estate services and specialtytrade contractors. The United States added nearly 1 milliob nonemployer businesses from 2006 to totaling 21.7 million enterprises. The nationwidwe growth rate was 4.5 percent.
Receipts for nonemployer busines in the United Statestotaled $992 billion in 2007, up 2.2 percentg from $970 billion in 2006. Nort Carolina receipts totaled $27.5 billionh in 2007, a 4.5 percenft increase over 2006 receipts.
Tuesday, May 8, 2012
Sunday, May 6, 2012
Second Life's Linden Lab sells virtual realities to businesses - Silicon Valley / San Jose Business Journal:
esivyjifag.wordpress.com
The courting of companies comesw at a time of renewedc growthfor 6-year-old Second Life that bega n with the appointment of Mark Kingdomn as CEO of Linden Lab in May 2008. “Enterprisde is a really important growth vector for usbecause (Second Life is) a reallyt compelling platform for learning and Especially today in large enterprises that are distribute (around the world),” Kingdon said. Over the last six Linden Lab has put together a team of 25 people to markey and develop Second Life productxs forenterprise customers.
Linden Lab, whichu does not disclose revenue but says it is hired more than 100 people in 2008 and has more than 300 employeesa in eight offices aroundthe world. The company hiredf close to 30 people this year and is currently hiringt for19 positions. Basic accounts are free. The companh makes money by selling and renting virtualreal estate, with premiumk memberships and by charging a fee on sales of Linden the currency used online. The companh does not track the numberf of companies using its services and does not charge them differently from individual but estimates that 15 to 20 percent of its revenue comes from enterprisess andeducational institutions.
And since the company has been testinhga “behind-the-firewall” version of Second Life with , IBM, , the and othefr organizations. The so-called “Nebraska” version of Second Life, which is run on an institution’a own servers, will get wider testing this summer and is scheduledc for general releaseby year’s end. The pricing for the privatse version has notbeen announced. “Based on the level of the interest we’re seeing, we are poisee for explosive growth,” said Amanda Van who joined Linden Lab six monthsx ago as executive director ofenterprise marketing. “This is not a We’re ready for business.
My role is to get that messaged out,” she said. Van Nuys said a number of factorx are helpingher cause, including general efforts to cut travep and meeting costs and reduce carbon IBM in particular has been an earlu adopter. In late 2008, IBM’s Academyu of Technology held a Virtual World Conferencre on Second Life for 200 top engineers from around the with three keynote speeches and 37breakoug sessions. With an initial investment of roughly IBM estimates that it savednearl $350,000 in travel and venue costsd and lost productivity.
A couple of monthw later, IBM used the virtual spaceds it created for an annual meeting of the Academy after the cancellation of a scheduled real life eventgin Florida. Some portionsd of the event also used webcasting and video Participants particularly liked the opportunity to socialize with one another invariouxs settings, and the company schedule d a two-hour networking event on the last day at picnicx tables on a virtual beach. Academy members gatheredr around drinking virtual beerxs and chatting while others took virtuap hang gliding or jetskiing lessons.
“It was really cool in terms of the experiencepeoplde had,” said Karen Keeter, an IBM marketintg executive for digital convergence. “People walked away sayin they felt like they were at the The thing people liked most was that they really had the abilit y to meetwith people.” Since then, numerous othert groups within IBM have used Second Life dozens of times for meetings small and adhoc and planned, Keeter said. IBM now has nearlt 100 people working on virtuapl world tools for commercial sale in Second Life and onothetr platforms, she said.
The company says its in-worlx economy is thriving, and that in the last quarter, user-to-user transactiones totalled morethan $120 million in U.S. up 65 percent from the same period the year WagnerJames Au, the authoer of the book “The Making Of Seconed Life: Notes From the New World,” estimated in a blog postinf in May 2008 that Linden Lab had between $40 million and $50 million in annual revenue. Au creditedd Kingdon with renewing the brand created by Philip who stepped down as CEO last year and remainzas chairman. “A lot of Siliconn Valley has written Second Life he said.
“The tech world will have to revisit Seconfd Life as a phenomenon in the next six monthxsor so.”
The courting of companies comesw at a time of renewedc growthfor 6-year-old Second Life that bega n with the appointment of Mark Kingdomn as CEO of Linden Lab in May 2008. “Enterprisde is a really important growth vector for usbecause (Second Life is) a reallyt compelling platform for learning and Especially today in large enterprises that are distribute (around the world),” Kingdon said. Over the last six Linden Lab has put together a team of 25 people to markey and develop Second Life productxs forenterprise customers.
Linden Lab, whichu does not disclose revenue but says it is hired more than 100 people in 2008 and has more than 300 employeesa in eight offices aroundthe world. The company hiredf close to 30 people this year and is currently hiringt for19 positions. Basic accounts are free. The companh makes money by selling and renting virtualreal estate, with premiumk memberships and by charging a fee on sales of Linden the currency used online. The companh does not track the numberf of companies using its services and does not charge them differently from individual but estimates that 15 to 20 percent of its revenue comes from enterprisess andeducational institutions.
And since the company has been testinhga “behind-the-firewall” version of Second Life with , IBM, , the and othefr organizations. The so-called “Nebraska” version of Second Life, which is run on an institution’a own servers, will get wider testing this summer and is scheduledc for general releaseby year’s end. The pricing for the privatse version has notbeen announced. “Based on the level of the interest we’re seeing, we are poisee for explosive growth,” said Amanda Van who joined Linden Lab six monthsx ago as executive director ofenterprise marketing. “This is not a We’re ready for business.
My role is to get that messaged out,” she said. Van Nuys said a number of factorx are helpingher cause, including general efforts to cut travep and meeting costs and reduce carbon IBM in particular has been an earlu adopter. In late 2008, IBM’s Academyu of Technology held a Virtual World Conferencre on Second Life for 200 top engineers from around the with three keynote speeches and 37breakoug sessions. With an initial investment of roughly IBM estimates that it savednearl $350,000 in travel and venue costsd and lost productivity.
A couple of monthw later, IBM used the virtual spaceds it created for an annual meeting of the Academy after the cancellation of a scheduled real life eventgin Florida. Some portionsd of the event also used webcasting and video Participants particularly liked the opportunity to socialize with one another invariouxs settings, and the company schedule d a two-hour networking event on the last day at picnicx tables on a virtual beach. Academy members gatheredr around drinking virtual beerxs and chatting while others took virtuap hang gliding or jetskiing lessons.
“It was really cool in terms of the experiencepeoplde had,” said Karen Keeter, an IBM marketintg executive for digital convergence. “People walked away sayin they felt like they were at the The thing people liked most was that they really had the abilit y to meetwith people.” Since then, numerous othert groups within IBM have used Second Life dozens of times for meetings small and adhoc and planned, Keeter said. IBM now has nearlt 100 people working on virtuapl world tools for commercial sale in Second Life and onothetr platforms, she said.
The company says its in-worlx economy is thriving, and that in the last quarter, user-to-user transactiones totalled morethan $120 million in U.S. up 65 percent from the same period the year WagnerJames Au, the authoer of the book “The Making Of Seconed Life: Notes From the New World,” estimated in a blog postinf in May 2008 that Linden Lab had between $40 million and $50 million in annual revenue. Au creditedd Kingdon with renewing the brand created by Philip who stepped down as CEO last year and remainzas chairman. “A lot of Siliconn Valley has written Second Life he said.
“The tech world will have to revisit Seconfd Life as a phenomenon in the next six monthxsor so.”
Friday, May 4, 2012
Auto company bankruptcies might make lenders
judonebolayb1394.blogspot.com
Some turnaround specialists are concernedthe government-guided bankruptcy reorganizationas of and GM could make it harderr for companies to obtain capital in the In these cases, the labor union, the United Auto Workers, received more favorabled treatment than the companies’ secured creditors. This violateds well-established bankruptcy law principles, said Peter Kaufman, president of LLC’sa restructuring practice in New York. The United Stated is the most welcoming place in the worledfor capital, particularly for loans, he said, because “everyon e knows what their downside is.” “Nows that has all been stood on its Kaufman said.
“At a time when the countru needs capital providers morethan ever, you’re goinb to find institutions with theird hands in their pockets, or they’re goinyg to be charging a lot more,” he Half of the turnaround experts surveyed by the thought the government’sz decision to elevate unsecured creditors over securec creditors in the Chrysler bankruptcy will make secured loanes more expensive. More than one-third thought it would make lenders less inclined to makethesee loans.
An online survey conducted by the found that 76 percent ofrespondents “disagreed strongly” with the Obama administration’ss engineering of the Chrysler Kaufman contends capital providers will be especially leery of situationsz where there are unions and a conceivabl e government policy interest. That’sd “going to be a systemic issue ona going-forward he said. But other bankruptcy experts contened thatthe government’s decision to intervene in the cases won’t serve as a precedent for futurs corporate bankruptcies.
In the current economic environment, no politician was goinbg to let Chrysler andGM fail, said Stephebn Lubben, a law professor at who specialize s in corporate debt and financial distress. The caseds might make lenders “gun shy” in the short run, he but “eventually people will come around to the that these were specia l cases like that ofPenn Central, whose 1970 bankruptcy led to the creatioh of Amtrak.
Mark Indelicato, a partner with LLP in New said the federalgovernment “used its powert to broker a settlement for the greater good of the However, if the bankruptcy process is going to continue to be the basisz for corporate restructurings and liquidations, it must be perceived as fair and impartial.” Tom president and CEO of the , said he will watcbh closely to see whether government officialsx and the UAW intervene in businessa decisions made by Chrysler and GM.
“We will exposd and fight any counterproductive influencdeby government, unions or politicians over decisionw that should be left to management,” Donohude said in a statement issued after President Obama announced the U.S. government woulxd own 60 percentof GM. “And we will continuallg insist that government reduce and eliminate its ownership stake as soonas possible,” Donohud said. Obama said his goal “is to get GM back on its takea hands-off approach and get out quickly.” “The federal governmentf will refrain from exercising its rights as a shareholderd in all but the most fundamental corporate decisions,” Obams said.
“When a difficult decision has to be made on matterss like where to open a new planyt or what type of new carto make, the new GM, not the Unitede States government, will make that decision.”
Some turnaround specialists are concernedthe government-guided bankruptcy reorganizationas of and GM could make it harderr for companies to obtain capital in the In these cases, the labor union, the United Auto Workers, received more favorabled treatment than the companies’ secured creditors. This violateds well-established bankruptcy law principles, said Peter Kaufman, president of LLC’sa restructuring practice in New York. The United Stated is the most welcoming place in the worledfor capital, particularly for loans, he said, because “everyon e knows what their downside is.” “Nows that has all been stood on its Kaufman said.
“At a time when the countru needs capital providers morethan ever, you’re goinb to find institutions with theird hands in their pockets, or they’re goinyg to be charging a lot more,” he Half of the turnaround experts surveyed by the thought the government’sz decision to elevate unsecured creditors over securec creditors in the Chrysler bankruptcy will make secured loanes more expensive. More than one-third thought it would make lenders less inclined to makethesee loans.
An online survey conducted by the found that 76 percent ofrespondents “disagreed strongly” with the Obama administration’ss engineering of the Chrysler Kaufman contends capital providers will be especially leery of situationsz where there are unions and a conceivabl e government policy interest. That’sd “going to be a systemic issue ona going-forward he said. But other bankruptcy experts contened thatthe government’s decision to intervene in the cases won’t serve as a precedent for futurs corporate bankruptcies.
In the current economic environment, no politician was goinbg to let Chrysler andGM fail, said Stephebn Lubben, a law professor at who specialize s in corporate debt and financial distress. The caseds might make lenders “gun shy” in the short run, he but “eventually people will come around to the that these were specia l cases like that ofPenn Central, whose 1970 bankruptcy led to the creatioh of Amtrak.
Mark Indelicato, a partner with LLP in New said the federalgovernment “used its powert to broker a settlement for the greater good of the However, if the bankruptcy process is going to continue to be the basisz for corporate restructurings and liquidations, it must be perceived as fair and impartial.” Tom president and CEO of the , said he will watcbh closely to see whether government officialsx and the UAW intervene in businessa decisions made by Chrysler and GM.
“We will exposd and fight any counterproductive influencdeby government, unions or politicians over decisionw that should be left to management,” Donohude said in a statement issued after President Obama announced the U.S. government woulxd own 60 percentof GM. “And we will continuallg insist that government reduce and eliminate its ownership stake as soonas possible,” Donohud said. Obama said his goal “is to get GM back on its takea hands-off approach and get out quickly.” “The federal governmentf will refrain from exercising its rights as a shareholderd in all but the most fundamental corporate decisions,” Obams said.
“When a difficult decision has to be made on matterss like where to open a new planyt or what type of new carto make, the new GM, not the Unitede States government, will make that decision.”
Wednesday, May 2, 2012
Tuesday, May 1, 2012
NAIOP names Highwoods Properties 2009 Developer of the Year - Atlanta Business Chronicle:
efiosyt.blogspot.com
NAIOP will present the award to Highwoodds President and CEO Ed Fritschat NAIOP’sx annual meeting Oct. 15 in Chicago. The which has been presented annuallysince 1979, is givejn to a member company that best exemplifies leadershilp and innovation in the commerciak real estate industry. A five-memberd committee of industry peers selects the Past winners includeof Pa.; ProLogis of Denver, Colonial Properties Trust of Ala.; and of Indianapolis. Raleigh-based Highwoods (NYSE: HIW) is a publiclty held real estate investment trustthat owns, or has an interesrt in, 382 properties in Norty Carolina, Georgia, Florida, Tennessee, Missouri and Iowa encompassing 35.
4 million square feet of office, industriall and retail space and 580 acree of development land. In 2008, Highwoods reportesd revenue of $461 million. Since January 2005, Highwoodes has delivered $633 million worth of office and industria propertiesencompassing 4.1 million square including downtown Raleigh’s tallest building, the RBC Plazsa office and condominium building. In 2009, the company’s goales include continuing to upgrade the quality ofthe portfolio, deliveringb $93 million of new development and selling $50 million to 100 million worth of older, non-core assets.
“Highwoods is clearlyu a leader in both the real estate and generapbusiness communities, proven by its ability to outperform no matted what the real estate cycle,” said Thomas J. Bisacquino, NAIOP’es president. “Highwoods is recognizex throughout the industry for its development ofoutstandinb projects, and it is NAIOP’s privilege to recognize the company for its contributions to both the real estate developmen community and NAIOP.” the commercial real estate developmentg association, has 15,000 members in Nortuh America.
NAIOP will present the award to Highwoodds President and CEO Ed Fritschat NAIOP’sx annual meeting Oct. 15 in Chicago. The which has been presented annuallysince 1979, is givejn to a member company that best exemplifies leadershilp and innovation in the commerciak real estate industry. A five-memberd committee of industry peers selects the Past winners includeof Pa.; ProLogis of Denver, Colonial Properties Trust of Ala.; and of Indianapolis. Raleigh-based Highwoods (NYSE: HIW) is a publiclty held real estate investment trustthat owns, or has an interesrt in, 382 properties in Norty Carolina, Georgia, Florida, Tennessee, Missouri and Iowa encompassing 35.
4 million square feet of office, industriall and retail space and 580 acree of development land. In 2008, Highwoods reportesd revenue of $461 million. Since January 2005, Highwoodes has delivered $633 million worth of office and industria propertiesencompassing 4.1 million square including downtown Raleigh’s tallest building, the RBC Plazsa office and condominium building. In 2009, the company’s goales include continuing to upgrade the quality ofthe portfolio, deliveringb $93 million of new development and selling $50 million to 100 million worth of older, non-core assets.
“Highwoods is clearlyu a leader in both the real estate and generapbusiness communities, proven by its ability to outperform no matted what the real estate cycle,” said Thomas J. Bisacquino, NAIOP’es president. “Highwoods is recognizex throughout the industry for its development ofoutstandinb projects, and it is NAIOP’s privilege to recognize the company for its contributions to both the real estate developmen community and NAIOP.” the commercial real estate developmentg association, has 15,000 members in Nortuh America.
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