iwibacibem.wordpress.com
The money was granted in collaboration withthe U.S. Army Medical Research and Materiel Command and the through the Ft. Detrick Technology Transfer The purpose of the technology transfer progra is to raise awareness of new and developingt technologies and funding them to transition as viable projectsfor follow-omn funding in the market place. Each companu that received funding was awardedapproximately $50,000 between March 2008 and May 2009, making up the initiative’s second round of financiap awards since its $750,000 program extension. The fundss for the program’s second phase were secured by Sen. Barbarwa Mikulski, D-Md., and Rep. Roscoe G. Bartlett, “The [Ft.
Detrick Technology Transfer program is enabling area businesses to harnes s the technologies being developed at Fort Detricj and apply them to thecommercial sector,” said “This will lead to new products that have the power to createe jobs and save lives.” Mikulski announced the firs phase of the tech transfer program in March 2005 when 11 companiesw received funding. in Rockville: The company is developinb a health care technology calledmiTag system, which is a scalable wirelessw sensor solution for improving patient in Frederick: The company is developintg a technology called the GeNov Screen to identify, isolate, and producw antibody-like molecules.
in The company is developing an on-demand biotech products including a combination vaccine against plague and BioAssay Works LLCin Ijamsville: The company is developinf a lateral-flow visual diagnostic test to detecg and differentiate single sample multiple pathogenic poxviruses, including variola, vaccinia, and monkeypox. in Catonsville: The compan y is safety-testing a medical product called which isa non-compressible, intracavitary hemostatic agent. CynerGenre IDMP in Frederick: The company is validating and implementing a supplemental diagnosixof Malaria, HIV, and Dengue usinf its Infectious Disease Multiplex Panel approach, whichg could allow for creation of biosensors.
LLC in Baltimore: The companty is developing required components and systekm framework to enable conversational interfaces for telemedicine tools. Such tools would allosw professional medics touse voice, gesture, and othet human-- computer interactions to access and document information in electronic medical records. in Rockville: The companyh is developing technology to preserve mammalian cells in drier format that can easilybe re-hydrater for a variety of uses.
LLC in The company is evaluating the effec t of Imagilin patented probioticss as a food supplement to enhance the immune responsiveness of guineaw pigs upon immunization or challenge with virulent The evaluation will suggest the ability of Imagilin patented probioticw to enhance the immunization ofa vaccine. in The company is developing micropatterned substrates for viral infectivity assays. Juxtopia in The company is customizing its Wearable Assistance and Situational Awareness (WASA) goggles and service to allow U.S.
Army combar medics to access and document information to electrical medical recordxvia hands-free voice-requests and in Baltimore: The company is developinyg cell therapies to treat brain and spina l cord injuries.
Tuesday, June 12, 2012
Sunday, June 10, 2012
Sapphire plans $100 million investment in green crude from algae - New Mexico Business Weekly:
bojony.wordpress.com
The San Diego-based startupo plans to invest $100 million in a 300-acre biofuelk operation that will convert algae into gasolinr startingin 2011, the firsrt such algae-based, commercial-scale biofuel production facility in the U.S. Once the site’as commercial viability is plans call for it to expandto 1,200p acres and produce more than 1 millionj gallons per day of green said Sapphire CEO Jason Pyle. That would generate a tota investmentof $1 billion over the next eightg years. “Green crude will replace black crude rightt here inNew Mexico,” Pyle said in a keynote addressd at the first annual conferencw of the Southwestern Biofuelsx Association in Albuquerque May 27-28.
“We’rr looking at the next industrial revolution.” Sapphirwe is not the only company planning a localbiofuelk operation, but other companies want to make not gasoline, and those methods use a variety of cropsw and feedstocks. Sapphire is unique becauswe it has developed a proprietary process for turning oil from alga into renewable gasoline that is genetically identical to sweet crud pumped from the That means it can simply replace petroleum as fuel for groundr and air transport without any modificationhto refineries, pipelines or vehicles, Pyle said.
“Drop-inb solutions that don’t require retooling the nation’s fuel delivery system are the only way to make the biofue lindustry successful,” said Pyle. “That’s the futuree Sapphire is workingto build.” Major investors are betting heavily on The company formed in May 2007 and has raised more than $100 millionn in venture capital. Backers include financial powerhouses, such as , the , and – an investment holdinh company owned by founderBill Gates. The company has recruitecd top scientists andindustryy leaders.
Refining’s former vice president, Cynthia Warner, becam e Sapphire’s president this Brian Goodall, who led the team that conductedVirginn Galactic’s groundbreaking 747 flight in 2008 with biofuels, is now Sapphire’z vice president of downstream technology. “Theh have a phenomenal bank of technica people andteam leaders,” said Lennhy Martínez, Gov. Bill Richardson’s polic advisor for rural economic “Their project is technically very feasible.” like all biofuel Sapphire facesmajor challenges.
Steve associate director of ’s Agricultural Experiment said a lot of research is stilll needed to reachcommercial viability, particularlg in regard to water use, environmentak impact and economic sustainability. In fact, NMSU is now conductinh a study on biofuel productionb costs and potential ways to profitablyg scale up to commerciallevels (see related articlw on page 1). “It all has to be sustainable environmentalltyand economically, although I think those things can be Loring said.
“They’re not show Among the companiespursuing biofuels, Sapphirer has inspired more confidence than most, said Vaughm Gangwish, executive director of the Southwesterj Biofuels Association. “Like all new technologies, biofuels must be but I think Sapphire will meet its Gangwish said. “They’re clearly on the leadingv edge.” Sapphire has investesd $8 million in a test-and-development facility that began operatingv in December at the West Mesa Industrial Park in Las The center experiments with algae seed varietiees developedat Sapphire’s headquarters in San The facility operates nine algar production ponds to map growthu rates and other It conducts wet and dry oil productivity and processing tests in 15,000o square feet of lab space, said Operations Managed Bryn Davis.
“We’re the boots-on-the-ground operation for the science cominyg outof California,” Davis said. Pyle said Sapphire’s planned 300-acre facility will be a pre-commercial demonstration site to provemarkey viability. Sapphire has the money to build thisfirstg stage, but it needs a lot more capita l to later expand to 1,200 acres. “If we’r going to generate more than $800 milliobn in new private investment, investors first need to be convincede that the economics of the facilityare guaranteed,” Pyle Construction of the first stagde will start in summer 2010 and conclude in earlty 2011.
It will employ at least 400 permanent workers, and thousandz – if the facility’s expansion moves forward. The facility’a location has already been sited and but itremains confidential, Pyle said. U.S. Sen. Tom D-NM, announced in late however, that the Department of Energy approveda $951,000 granft for a Sapphire Energy algae-to-fuel demonstration project in Portales.
The San Diego-based startupo plans to invest $100 million in a 300-acre biofuelk operation that will convert algae into gasolinr startingin 2011, the firsrt such algae-based, commercial-scale biofuel production facility in the U.S. Once the site’as commercial viability is plans call for it to expandto 1,200p acres and produce more than 1 millionj gallons per day of green said Sapphire CEO Jason Pyle. That would generate a tota investmentof $1 billion over the next eightg years. “Green crude will replace black crude rightt here inNew Mexico,” Pyle said in a keynote addressd at the first annual conferencw of the Southwestern Biofuelsx Association in Albuquerque May 27-28.
“We’rr looking at the next industrial revolution.” Sapphirwe is not the only company planning a localbiofuelk operation, but other companies want to make not gasoline, and those methods use a variety of cropsw and feedstocks. Sapphire is unique becauswe it has developed a proprietary process for turning oil from alga into renewable gasoline that is genetically identical to sweet crud pumped from the That means it can simply replace petroleum as fuel for groundr and air transport without any modificationhto refineries, pipelines or vehicles, Pyle said.
“Drop-inb solutions that don’t require retooling the nation’s fuel delivery system are the only way to make the biofue lindustry successful,” said Pyle. “That’s the futuree Sapphire is workingto build.” Major investors are betting heavily on The company formed in May 2007 and has raised more than $100 millionn in venture capital. Backers include financial powerhouses, such as , the , and – an investment holdinh company owned by founderBill Gates. The company has recruitecd top scientists andindustryy leaders.
Refining’s former vice president, Cynthia Warner, becam e Sapphire’s president this Brian Goodall, who led the team that conductedVirginn Galactic’s groundbreaking 747 flight in 2008 with biofuels, is now Sapphire’z vice president of downstream technology. “Theh have a phenomenal bank of technica people andteam leaders,” said Lennhy Martínez, Gov. Bill Richardson’s polic advisor for rural economic “Their project is technically very feasible.” like all biofuel Sapphire facesmajor challenges.
Steve associate director of ’s Agricultural Experiment said a lot of research is stilll needed to reachcommercial viability, particularlg in regard to water use, environmentak impact and economic sustainability. In fact, NMSU is now conductinh a study on biofuel productionb costs and potential ways to profitablyg scale up to commerciallevels (see related articlw on page 1). “It all has to be sustainable environmentalltyand economically, although I think those things can be Loring said.
“They’re not show Among the companiespursuing biofuels, Sapphirer has inspired more confidence than most, said Vaughm Gangwish, executive director of the Southwesterj Biofuels Association. “Like all new technologies, biofuels must be but I think Sapphire will meet its Gangwish said. “They’re clearly on the leadingv edge.” Sapphire has investesd $8 million in a test-and-development facility that began operatingv in December at the West Mesa Industrial Park in Las The center experiments with algae seed varietiees developedat Sapphire’s headquarters in San The facility operates nine algar production ponds to map growthu rates and other It conducts wet and dry oil productivity and processing tests in 15,000o square feet of lab space, said Operations Managed Bryn Davis.
“We’re the boots-on-the-ground operation for the science cominyg outof California,” Davis said. Pyle said Sapphire’s planned 300-acre facility will be a pre-commercial demonstration site to provemarkey viability. Sapphire has the money to build thisfirstg stage, but it needs a lot more capita l to later expand to 1,200 acres. “If we’r going to generate more than $800 milliobn in new private investment, investors first need to be convincede that the economics of the facilityare guaranteed,” Pyle Construction of the first stagde will start in summer 2010 and conclude in earlty 2011.
It will employ at least 400 permanent workers, and thousandz – if the facility’s expansion moves forward. The facility’a location has already been sited and but itremains confidential, Pyle said. U.S. Sen. Tom D-NM, announced in late however, that the Department of Energy approveda $951,000 granft for a Sapphire Energy algae-to-fuel demonstration project in Portales.
Saturday, June 9, 2012
Medium Companies - Business First of Louisville:
tenamup.wordpress.com
Extra perks and benefits: On-site fitness center or commuter/parking discounts or What employees say: “TRaS has been the best place that I have worked in the past 10 I highly recommend the company to anyone whois driven, self-motivatedx and wants to become part of a compan y that is highly trusted and respectee in the technology industry.” “TRS is a great companty to work for. Management goes out of theitr way to make the employeeas feel welcome and almosrt as if they are part ofthe family. No. 2 The Financial services company specializing in insurance andinvestment solutions.
Extr a perks and benefits: Wellness/stress management discount or reimbursementfor off-sits fitness, commuter/parking discounts or outside vendor discounts. What employees say: “We are offered a trip every year, and the compang provides lunch for the entire staff on We have the opportunity to participatew incharitable endeavors, which makew it easy to give back to the community.” “kI worked on three continents, and The Meltzef Group tops every company in Europe or Asia and in the U.S. I have been employeed at.” No. 3 Location: D.C. Commercial real estate brokerage companyrepresentinv office, industrial and retail tenants.
Extrwa perks and benefits: On-site fitness centetr or instruction, wellness/stress management program, commuter/parking discountes or reimbursements, outside vendor discounts and/or company products or servicse discounts. What employees say: “As a 28-yeae Studley veteran, I’ve been able to reinvent myself three timews here in significantlydifferent roles. I feel I’m makingf a valuable contribution and that my work helpa keepus profitable.” “I appreciate the flexibilit y to do whatever it takes to make my clientsa successful, which in turn translates into success for No. 4 Description: Provides analytical solutions tocomple problems.
Extra perks and benefits: Wellness/stress managemenft program, discount or reimbursement for off-site commuter/parking discounts or reimbursements, outside vendor What employees say: “Decisive Analyticws is a terrific place to Despite the rapid growth and sophisticationj ofour company, this employee-owned company maintains a smalk company atmosphere.” “This company time and time agaibn displays its commitment to its employee owners through generous profit-sharing flexible work schedules and company-sponsored events.” No.
5
Extra perks and benefits: On-site fitness center or commuter/parking discounts or What employees say: “TRaS has been the best place that I have worked in the past 10 I highly recommend the company to anyone whois driven, self-motivatedx and wants to become part of a compan y that is highly trusted and respectee in the technology industry.” “TRS is a great companty to work for. Management goes out of theitr way to make the employeeas feel welcome and almosrt as if they are part ofthe family. No. 2 The Financial services company specializing in insurance andinvestment solutions.
Extr a perks and benefits: Wellness/stress management discount or reimbursementfor off-sits fitness, commuter/parking discounts or outside vendor discounts. What employees say: “We are offered a trip every year, and the compang provides lunch for the entire staff on We have the opportunity to participatew incharitable endeavors, which makew it easy to give back to the community.” “kI worked on three continents, and The Meltzef Group tops every company in Europe or Asia and in the U.S. I have been employeed at.” No. 3 Location: D.C. Commercial real estate brokerage companyrepresentinv office, industrial and retail tenants.
Extrwa perks and benefits: On-site fitness centetr or instruction, wellness/stress management program, commuter/parking discountes or reimbursements, outside vendor discounts and/or company products or servicse discounts. What employees say: “As a 28-yeae Studley veteran, I’ve been able to reinvent myself three timews here in significantlydifferent roles. I feel I’m makingf a valuable contribution and that my work helpa keepus profitable.” “I appreciate the flexibilit y to do whatever it takes to make my clientsa successful, which in turn translates into success for No. 4 Description: Provides analytical solutions tocomple problems.
Extra perks and benefits: Wellness/stress managemenft program, discount or reimbursement for off-site commuter/parking discounts or reimbursements, outside vendor What employees say: “Decisive Analyticws is a terrific place to Despite the rapid growth and sophisticationj ofour company, this employee-owned company maintains a smalk company atmosphere.” “This company time and time agaibn displays its commitment to its employee owners through generous profit-sharing flexible work schedules and company-sponsored events.” No.
5
Friday, June 8, 2012
Seattle, Bellevue luxury condominium towers are slow to fill up - Business First of Columbus:
olimstgon.blogspot.com
The units — at Fifteen the Four Seasons Private Residences, Olivr 8, Bellevue Towers and Washington SquareTowers — represent the majority of large condos that have openes here in the past 18 In many cases, dozens of pre-sale agreements booked by developerzs have failed to come to fruition. Countg records show just 317 units have recorded closee sales out ofthe 1,321 offered at these five projects, which is fewer than some of the developers had expected to sell at this The sluggish pace of sales is ripplinbg through the region’s housinfg market. Developers have been forced to extendx their loans and offer extensions and other support to naildown buyers.
If sale s don’t pick up, some of the pain couled spread to lenders and others involvecdwith development. Empty towers also are hardly a sales-booste for the region’s fragile housint market, which has only recently seen an uptick in sale following abrutal year. “It’ds a psychology question,” said Desiree regional labor economistfor Seattle-King County. “u can imagine how people will feel lookinb around and how confidentf people will feel inmakingv purchases.” The reasons for the sales slowdown are Some prospective buyers are havingg difficulty selling their current homes to pay for their new which range from $369,000 for a studiko to $9.
2 million for a four-bedroom penthouse. Some potentiall buyers have either lost jobs or fearthey will. Otherds no longer qualify for the loan they line d up when they first agreedto buy. With housing pricees still sliding, some buyers also wonder if they might be payingtoo “A lot of buyers are questioninf what the real valuer of those units really are,” said land use economisyt Matt Gardner, a principal in markeyt research firm Gardner Economics LLC, basedr in Seattle. Speculators who bet that prices would risealso aren’y closing.
Bellevue Towers is being sued by prospectivr buyers who want their earnestmoney back, while some prospectivde buyers at Olive 8 are exploring legal action, the developer “Very clearly the dynamics of the economy have changed,” said Mark a principal at Portland-based Gerding Edlen Development, the developer of Bellevue Towers. “We’re trying to work with each individuao buyer.” The Puget Sound Business Journal used data provided by the King Count y Department of Assessments in calculating completed sales for eachcondo project. The records run throughj the first week of June and only includ e sales ofcompleted units.
In some developers have closed on more units since then that have not yet been The Olive 8 development in downtownb Seattle has completed 16 sales out of 229 unitws since it opened in according tocounty data. Whils developer said the project has closed at leastt a dozenmore sales, that’s stilpl half of the closings it had anticipated by this said President David Thyer. Acrosas the lake, Bellevue Towers has recordes just 29 sales out of534 units, according to count y records. The developers, who say they have since closex on severalmore units, say they didn’f have a set salees goal, but were anticipating “more than that.
” To be sure, developers have recentlgy reported an uptick in buyer interesgt as part of the housing market’s improvement in the last couple of months. Two of the five projects, the Four Seasonsz and Fifteen Twenty-One, say they expec t to pay off their constructionloane shortly. And few new projects are in the worka to further floodthe market. But developers’ salexs struggles illustrate the plethora of issues that are still affectinf the residential realestate market. As a result, developersd are pulling out a host of tool to fillempty buildings. Among them: — R.C.
the developer of Olive 8, has turned itself into a lende r and is offering qualified potential buyerwssecond mortgages. That allows potential home buyersxwho don’t meet stricter condo mortgage guidelines to affordf the home, said Thyer. “We’re in a positiohn to make those loans,” he said. Washingtonh Square developer is also offering second mortgagesw at interest rates matched to thefirst mortgage. Some developers are offering buyerds who have put down earnest money extensions on their closing date as they work througuh thelending process, including Olive 8, Fifteen Twenty-Onde Second Avenue and Bellevue Towers.
Bellevue Towers has startex a “seller assistance program,” available to potentialo buyers who have already put money down on a condobut can’tg go through with the purchase because theit current homes won’t sell. If the buyer has to lower the pricer of thecurrent home, Bellevuw Towers will similarly lower the price of the said Patrick Clark, principal of RealtyTrust. — Washingtonn Square, perhaps the most aggressive in itssales strategy, is offeringy outside real estate agents a 3 percent commission on any salesw they bring to the The project also has a lease-to-own program under whicbh a renter can apply up to six monthss of lease payments to the down payment if the renter decidea to buy the unit.
So far 52 unitzs have been leased underthe program. It’s too soon to tell how many will be convertedsto sales, with the majority of the leases carryingv into 2010, said Mike Nielson, the chie operating officer of Washingtoh Square. As developers wrangle with prospective buyers for they also are workingwith lenders.
The units — at Fifteen the Four Seasons Private Residences, Olivr 8, Bellevue Towers and Washington SquareTowers — represent the majority of large condos that have openes here in the past 18 In many cases, dozens of pre-sale agreements booked by developerzs have failed to come to fruition. Countg records show just 317 units have recorded closee sales out ofthe 1,321 offered at these five projects, which is fewer than some of the developers had expected to sell at this The sluggish pace of sales is ripplinbg through the region’s housinfg market. Developers have been forced to extendx their loans and offer extensions and other support to naildown buyers.
If sale s don’t pick up, some of the pain couled spread to lenders and others involvecdwith development. Empty towers also are hardly a sales-booste for the region’s fragile housint market, which has only recently seen an uptick in sale following abrutal year. “It’ds a psychology question,” said Desiree regional labor economistfor Seattle-King County. “u can imagine how people will feel lookinb around and how confidentf people will feel inmakingv purchases.” The reasons for the sales slowdown are Some prospective buyers are havingg difficulty selling their current homes to pay for their new which range from $369,000 for a studiko to $9.
2 million for a four-bedroom penthouse. Some potentiall buyers have either lost jobs or fearthey will. Otherds no longer qualify for the loan they line d up when they first agreedto buy. With housing pricees still sliding, some buyers also wonder if they might be payingtoo “A lot of buyers are questioninf what the real valuer of those units really are,” said land use economisyt Matt Gardner, a principal in markeyt research firm Gardner Economics LLC, basedr in Seattle. Speculators who bet that prices would risealso aren’y closing.
Bellevue Towers is being sued by prospectivr buyers who want their earnestmoney back, while some prospectivde buyers at Olive 8 are exploring legal action, the developer “Very clearly the dynamics of the economy have changed,” said Mark a principal at Portland-based Gerding Edlen Development, the developer of Bellevue Towers. “We’re trying to work with each individuao buyer.” The Puget Sound Business Journal used data provided by the King Count y Department of Assessments in calculating completed sales for eachcondo project. The records run throughj the first week of June and only includ e sales ofcompleted units.
In some developers have closed on more units since then that have not yet been The Olive 8 development in downtownb Seattle has completed 16 sales out of 229 unitws since it opened in according tocounty data. Whils developer said the project has closed at leastt a dozenmore sales, that’s stilpl half of the closings it had anticipated by this said President David Thyer. Acrosas the lake, Bellevue Towers has recordes just 29 sales out of534 units, according to count y records. The developers, who say they have since closex on severalmore units, say they didn’f have a set salees goal, but were anticipating “more than that.
” To be sure, developers have recentlgy reported an uptick in buyer interesgt as part of the housing market’s improvement in the last couple of months. Two of the five projects, the Four Seasonsz and Fifteen Twenty-One, say they expec t to pay off their constructionloane shortly. And few new projects are in the worka to further floodthe market. But developers’ salexs struggles illustrate the plethora of issues that are still affectinf the residential realestate market. As a result, developersd are pulling out a host of tool to fillempty buildings. Among them: — R.C.
the developer of Olive 8, has turned itself into a lende r and is offering qualified potential buyerwssecond mortgages. That allows potential home buyersxwho don’t meet stricter condo mortgage guidelines to affordf the home, said Thyer. “We’re in a positiohn to make those loans,” he said. Washingtonh Square developer is also offering second mortgagesw at interest rates matched to thefirst mortgage. Some developers are offering buyerds who have put down earnest money extensions on their closing date as they work througuh thelending process, including Olive 8, Fifteen Twenty-Onde Second Avenue and Bellevue Towers.
Bellevue Towers has startex a “seller assistance program,” available to potentialo buyers who have already put money down on a condobut can’tg go through with the purchase because theit current homes won’t sell. If the buyer has to lower the pricer of thecurrent home, Bellevuw Towers will similarly lower the price of the said Patrick Clark, principal of RealtyTrust. — Washingtonn Square, perhaps the most aggressive in itssales strategy, is offeringy outside real estate agents a 3 percent commission on any salesw they bring to the The project also has a lease-to-own program under whicbh a renter can apply up to six monthss of lease payments to the down payment if the renter decidea to buy the unit.
So far 52 unitzs have been leased underthe program. It’s too soon to tell how many will be convertedsto sales, with the majority of the leases carryingv into 2010, said Mike Nielson, the chie operating officer of Washingtoh Square. As developers wrangle with prospective buyers for they also are workingwith lenders.
Wednesday, June 6, 2012
Related Group, Starwood plan St. Regis in Bal Harbour - South Florida Business Journal:
authors-morphology.blogspot.com
and said they plan a joinr venture to developthe property. The , is to rise on the 10 waterfront acresthe 645-room Sheraton has occupied across the stree from . The property woulx be the second St. Regis Resort Residences in the area. The 169-room Fort Lauderdaled property isunder construction, due to open in the second Though their development deal is not yet Miami-based Related Group and White N.Y.
-based Starwood (NYSE: HOT) said they have already tappec professionals for the , known for its work impacting the Chicago skyline local firm , known for condoz including , and in Miami Beach, all Related Group properties landscape architect , the originapl landscape designer for the Village of Bal Harbout and the Bal Harbour Shops Steven Heyer, Starwoodr chief executive officer, praised Related Group'zs experience in development, project conceptualization, mixed-use development and salese and marketing for upscale residential projects in South Florida.
He calledx those qualities a perfect complement tohis company's ultra-luxury loyal customer base and existing, untapped real estatse holdings. "We expect that this relationship will allow us to maximiz e the unrealized potential of our land while enhancing the strengthof Starwood's presence in this affluengt market," Heyer said. The partners did not give an idea how largre the new buildingmight be. However, amenitiees planned for the St. Regies Resort & Residences, Bal include butler and concierge a spaand restaurant.
and said they plan a joinr venture to developthe property. The , is to rise on the 10 waterfront acresthe 645-room Sheraton has occupied across the stree from . The property woulx be the second St. Regis Resort Residences in the area. The 169-room Fort Lauderdaled property isunder construction, due to open in the second Though their development deal is not yet Miami-based Related Group and White N.Y.
-based Starwood (NYSE: HOT) said they have already tappec professionals for the , known for its work impacting the Chicago skyline local firm , known for condoz including , and in Miami Beach, all Related Group properties landscape architect , the originapl landscape designer for the Village of Bal Harbout and the Bal Harbour Shops Steven Heyer, Starwoodr chief executive officer, praised Related Group'zs experience in development, project conceptualization, mixed-use development and salese and marketing for upscale residential projects in South Florida.
He calledx those qualities a perfect complement tohis company's ultra-luxury loyal customer base and existing, untapped real estatse holdings. "We expect that this relationship will allow us to maximiz e the unrealized potential of our land while enhancing the strengthof Starwood's presence in this affluengt market," Heyer said. The partners did not give an idea how largre the new buildingmight be. However, amenitiees planned for the St. Regies Resort & Residences, Bal include butler and concierge a spaand restaurant.
Tuesday, June 5, 2012
Lane4 completes purchase of three Kansas City-area shopping centers - Kansas City Business Journal:
ukatekexo.wordpress.com
million. The Kansas City Business Journal reportefd that the PrairieVillage Shops, the Corinth Square shopping center in Prairi Village and the Fairway Shopws in Fairway were under contract to investors led by a Kansas City-based commercial real estate brokeragew and development firm. Highwoods (NYSE: HIW), based in Raleigh, disclosed the sale price in aThursday release. The threee shopping centers have a combinex 2009 appraised value ofabout $64 million, accordingf to figures from the Johnson Countg Appraiser’s Office. The three shopping centers contain 416,00p0 square feet combined and were, on average, 94.5 percentr leased and 55 years old, Highwoods said.
The properties generate a combined annual cash net operatinfg income ofabout $5.4 million. The new owners plan no “immediate majo changes” to the shopping centers, Jeff Berg, senior vice presiden t and principalof Lane4, said in a separate release Thursday. “We intend to enhance and upgraded the centers as opportunities ariseover time, but theswe improvements will not change their basic Lane4 President Owen Buckley said in the “We look forward to taking good care of them and feel they represenf an excellent opportunity to invest in our Kansas City developer Jesse Clydr Nichols built the grocery-anchored shopping centers in the and the JC Nichole Co.
sold them to Highwoods in 1998.
million. The Kansas City Business Journal reportefd that the PrairieVillage Shops, the Corinth Square shopping center in Prairi Village and the Fairway Shopws in Fairway were under contract to investors led by a Kansas City-based commercial real estate brokeragew and development firm. Highwoods (NYSE: HIW), based in Raleigh, disclosed the sale price in aThursday release. The threee shopping centers have a combinex 2009 appraised value ofabout $64 million, accordingf to figures from the Johnson Countg Appraiser’s Office. The three shopping centers contain 416,00p0 square feet combined and were, on average, 94.5 percentr leased and 55 years old, Highwoods said.
The properties generate a combined annual cash net operatinfg income ofabout $5.4 million. The new owners plan no “immediate majo changes” to the shopping centers, Jeff Berg, senior vice presiden t and principalof Lane4, said in a separate release Thursday. “We intend to enhance and upgraded the centers as opportunities ariseover time, but theswe improvements will not change their basic Lane4 President Owen Buckley said in the “We look forward to taking good care of them and feel they represenf an excellent opportunity to invest in our Kansas City developer Jesse Clydr Nichols built the grocery-anchored shopping centers in the and the JC Nichole Co.
sold them to Highwoods in 1998.
Sunday, June 3, 2012
Week in review - South Florida Business Journal:
uqudenlid.blogspot.com
In February, Insurance Commissioner Kevin McCarty approveda 6.4 percenr increase in workers’ compensation rates in response to the statd high court’s October ruling. Wednesday’s announcement followes Gov. Charlie Crist’s signing of a bill last week that caps feesin workers’ comp The bill essentially undi d the court’s ruling in Emma Murray v. , which would have allowedd attorneys whohandle workers’ compensation cases to collect more Under the new law, attorneys will be paid basedr on a set fee schedule. The rollbacko will save employersabout $172 million in insurancr costs, according to McCarty. It effectively restores the 18.
6 percent rate decreasre that tookeffect Jan. 1, with a projected savings of $610 millionn for Florida employers. After a rouned of cost cutting by a newmanagement team, the parengt corporation of has regained profitability. BRCH Corp. earner $8,434 on revenue of $96 million in its fiscalp third quarter endedMarch 31, improved from a $20.0 million loss on revenue of $92.5 millio n for the same period of according to the nonprofit’s report to its bondholders. The hospital’ws board hired Jerry Fedele as CEO in October ashis Brentwood, Tenn.-based FTI Healthcare, workede on a consulting deal with the hospitapl to improve its operations.
Fedele immediatelu embarked on an expense reduction plan that included laying off 38 employeeas andrenegotiating contracts. For its next step to reduce the hospital’s executives are negotiating for more favorable contractsw with managed care planse and its oncology and infusion theraptyphysician group. Former Palm Beach Countyu Commissioner Mary McCarty will be spending the next three and a half yeardsbehind bars. McCarty, 54, was sentenced to prison in West Palm Beach federal court and immediately taken into In March, McCarty pleaded guiltg to mail and wire fraud conspiracy.
She admitted in her plea to misusingg her position to personallyenrich herself, her husbansd and their associates through a series of municipal bond transactionz and through her receipt of gifts and gratuitiesd from entities and people doing business befors the commission. She failed to revealp her financial interests while advocating for numerousx matters beforethe commission, and failed to file or filed incomplete or false disclosure reports to conceapl her true financial interest from the public.
Calder Race Course is gettin into the gaming derby by breaking ground onan $85 104,000-square-foot casino with 1,225 slot The slot machine operations are expected to create 250 to 300 jobs at which is just south of the Miami-Dade/Broward county line near Land Shark Stadium, home to the . The Caldet complex also will includethre restaurants. Track owner Churchill Downs (NASDAQ: CHDN) hopesa to have the complex completed by early in time for the Super Bowl and Pro Bowl at LandSharj Stadium. , a privately held asset-tracking company, has moved its headquartera from Fort Lauderdale to the technology incubatotr at inBoca Raton.
The move should help the company leveragse the expertise of nearby business development professionals withtechnologhy experience, co-owner and President Steveb Muntean said. BlackBox has nine employees in Boca Raton and five more inBuenos Aires, Argentina. The company hopes to have 25 employeezsby 2010, Muntean said.
In February, Insurance Commissioner Kevin McCarty approveda 6.4 percenr increase in workers’ compensation rates in response to the statd high court’s October ruling. Wednesday’s announcement followes Gov. Charlie Crist’s signing of a bill last week that caps feesin workers’ comp The bill essentially undi d the court’s ruling in Emma Murray v. , which would have allowedd attorneys whohandle workers’ compensation cases to collect more Under the new law, attorneys will be paid basedr on a set fee schedule. The rollbacko will save employersabout $172 million in insurancr costs, according to McCarty. It effectively restores the 18.
6 percent rate decreasre that tookeffect Jan. 1, with a projected savings of $610 millionn for Florida employers. After a rouned of cost cutting by a newmanagement team, the parengt corporation of has regained profitability. BRCH Corp. earner $8,434 on revenue of $96 million in its fiscalp third quarter endedMarch 31, improved from a $20.0 million loss on revenue of $92.5 millio n for the same period of according to the nonprofit’s report to its bondholders. The hospital’ws board hired Jerry Fedele as CEO in October ashis Brentwood, Tenn.-based FTI Healthcare, workede on a consulting deal with the hospitapl to improve its operations.
Fedele immediatelu embarked on an expense reduction plan that included laying off 38 employeeas andrenegotiating contracts. For its next step to reduce the hospital’s executives are negotiating for more favorable contractsw with managed care planse and its oncology and infusion theraptyphysician group. Former Palm Beach Countyu Commissioner Mary McCarty will be spending the next three and a half yeardsbehind bars. McCarty, 54, was sentenced to prison in West Palm Beach federal court and immediately taken into In March, McCarty pleaded guiltg to mail and wire fraud conspiracy.
She admitted in her plea to misusingg her position to personallyenrich herself, her husbansd and their associates through a series of municipal bond transactionz and through her receipt of gifts and gratuitiesd from entities and people doing business befors the commission. She failed to revealp her financial interests while advocating for numerousx matters beforethe commission, and failed to file or filed incomplete or false disclosure reports to conceapl her true financial interest from the public.
Calder Race Course is gettin into the gaming derby by breaking ground onan $85 104,000-square-foot casino with 1,225 slot The slot machine operations are expected to create 250 to 300 jobs at which is just south of the Miami-Dade/Broward county line near Land Shark Stadium, home to the . The Caldet complex also will includethre restaurants. Track owner Churchill Downs (NASDAQ: CHDN) hopesa to have the complex completed by early in time for the Super Bowl and Pro Bowl at LandSharj Stadium. , a privately held asset-tracking company, has moved its headquartera from Fort Lauderdale to the technology incubatotr at inBoca Raton.
The move should help the company leveragse the expertise of nearby business development professionals withtechnologhy experience, co-owner and President Steveb Muntean said. BlackBox has nine employees in Boca Raton and five more inBuenos Aires, Argentina. The company hopes to have 25 employeezsby 2010, Muntean said.
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