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million, or 18 reduction in the office’s budget by July 1, count clerk Sharon Bock said in anews release. The cuts are expectedc to “significantly impact service levelws atthe Clerk’s seven Palm Beacn County locations,” she noted in the release. The required stafg cuts leave the officse with fewer people to pursu and collect millions of dollarsx in unpaid traffic and court which will lead to morebudget cuts. “It’ s a vicious cycle designed to underfund usinto extinction,” she said.
Thirty-twpo employees accepted a buyout offer this monthg and will leave June 30 with a full payout on their sick rather than the normal 25 percent to 50 percent offereed under currenttermination policies. On May 29, an addition 34 employees were told during staff meetings that they were beinhglaid off, effective June 12. They will receivs four weeks of pay. With thesse layoffs and the positionspreviously eliminated, the office has cut 101 positionsd -- 16 percent of management positions and 12 percent of hourly positionws -- in the past year.
The Clerk & Comptroller’ s Office, which employs more than 800 in officesw throughout PalmBeach County, handles the business arm of the courtg system. Employees receive, file and retrieve court documents, procesas fees and traffic fines, and enterd and maintain case information inthe court’s computer system.
Sunday, October 30, 2011
Friday, October 28, 2011
Workers laid-off from small businesses get health insurance break - The Business Journal of Milwaukee:
fabyqyku.blogspot.com
The American Recovery and Reinvestment Act gave a break to formet employees of companies with 20 or more employees by providingv a subsidy that cuts the cost ofCOBRzA health-care coverage by 65 percent. Illinoiw is extending the same break to workers laid off fromsmallef companies. The bill signed by Quinn provideds a 65 percent health insurancee payment subsidy to those who worked for companiess with fewer than20 employees. The bill givesw employees of small businesses who lost their jobsafter 1, 2008, and who declined COBRA because of its high a second chance to enteer the program.
Under this plan, those formed workers can continue their health insurancr coverage and receive a 65 percent premium The law also provides up to an additionall three months of coverage for manyformer employees. Sen. Susah Garrett, D-Highwood, and Rep. Karen May, D-Highwood, sponsored the legislation.
The American Recovery and Reinvestment Act gave a break to formet employees of companies with 20 or more employees by providingv a subsidy that cuts the cost ofCOBRzA health-care coverage by 65 percent. Illinoiw is extending the same break to workers laid off fromsmallef companies. The bill signed by Quinn provideds a 65 percent health insurancee payment subsidy to those who worked for companiess with fewer than20 employees. The bill givesw employees of small businesses who lost their jobsafter 1, 2008, and who declined COBRA because of its high a second chance to enteer the program.
Under this plan, those formed workers can continue their health insurancr coverage and receive a 65 percent premium The law also provides up to an additionall three months of coverage for manyformer employees. Sen. Susah Garrett, D-Highwood, and Rep. Karen May, D-Highwood, sponsored the legislation.
Tuesday, October 25, 2011
Grand Lacuna golf course hit with foreclosure - Houston Business Journal:
hustbelogehy1857.blogspot.com
This marks the second golf course in Palm Beach Counth with a pending foreclosure actionagainst it. A differenf lender is suing the 110-acre Emeralrd Dunes Golf Course in Royal Palm OnMay 29, Providence, R.I.-basedf filed a foreclosure actiobn against and managing member Kenneth W. Brown, accordinv to records. The lawsuit was baserd on a mortgage last modifiedat $2.7 million in 2004 the same year Grand Lacuna Group bought the golf courss for $3.5 million. An officiall at the Grand Lacuna golf course said he would forwarxd a messageto Brown, who did not immediatel y return the call. According to county property Grand Lacunahas 7,320 squard feet of facilities on the 115.
4-acrd site, at 6400 Grand Lacuna Blvd., in Lake Worth – near the southwestr corner of Lantana Road and Florida’ Turnpike. The par-71 courswe was developed in thelate Tampa-based attorney Mark J. Wolfson, who representds Textron in the lawsuit, did not immediately returnn a callseeking comment.
This marks the second golf course in Palm Beach Counth with a pending foreclosure actionagainst it. A differenf lender is suing the 110-acre Emeralrd Dunes Golf Course in Royal Palm OnMay 29, Providence, R.I.-basedf filed a foreclosure actiobn against and managing member Kenneth W. Brown, accordinv to records. The lawsuit was baserd on a mortgage last modifiedat $2.7 million in 2004 the same year Grand Lacuna Group bought the golf courss for $3.5 million. An officiall at the Grand Lacuna golf course said he would forwarxd a messageto Brown, who did not immediatel y return the call. According to county property Grand Lacunahas 7,320 squard feet of facilities on the 115.
4-acrd site, at 6400 Grand Lacuna Blvd., in Lake Worth – near the southwestr corner of Lantana Road and Florida’ Turnpike. The par-71 courswe was developed in thelate Tampa-based attorney Mark J. Wolfson, who representds Textron in the lawsuit, did not immediately returnn a callseeking comment.
Sunday, October 23, 2011
Clarence P. Cazalot Jr. Executive Profile
clarityviellegq67.blogspot.com
Clarence P. Cazalot Jr. is presidengt and chief executive officer of Marathon Oil Corporatio n and a member of the Marathonh Oil Corporation Boardof Directors. He joinex Marathon in March 2000. Immediately prior to Mr. Cazalot served as vice president ofTexaco Inc. and presiden t of Texaco
Clarence P. Cazalot Jr. is presidengt and chief executive officer of Marathon Oil Corporatio n and a member of the Marathonh Oil Corporation Boardof Directors. He joinex Marathon in March 2000. Immediately prior to Mr. Cazalot served as vice president ofTexaco Inc. and presiden t of Texaco
Friday, October 21, 2011
Chamber partners with firm to sell Birmingham - Birmingham Business Journal:
husolumiz.wordpress.com
That's the main reason the chambe has partneredwith 's relocation divisiojn to create a well-informes professional recruitment team to sell Birmingham to top officeer candidates. Cosby, the chamber's vice president and chiev marketing officer, says the prograjm will not be used for all corporatesrelocation efforts. Instead, the partnership will only be implementedfor high-levek officers of Birmingham's top 50 businesses. "This will represent immensr future popular earning powerfor Birmingham," Cosb y said.
"These are the peopl e who are going to make or break the Withthe program's concentration on top officeres of large companies, Cosby said the partnership will probably be used betweej 50 and 100 times per year. RealtySouth'a Debbie Robinson, director of the company's relocation division, said the company's relocation agents participaterd ina six-hour course with chamber leaders on July 13 to beginj the partnership.
The sessionm covered basic Birmingham information for therecruitinv process, as well as interesting trivia about the city and its main With RealtySouth already offering a full-service relocation program - the office relocated approximateluy 700 individuals and families during 2006 - Robinson said the partnershio was a natural fit. Cosbty said RealtySouth was chosen for the partnership because they are the only residentiakl real estate firm that is a member ofthe chamber'se Chairman's Circle and the firm also had an 11-employee team that worka on relocation efforts.
Despite their profession, Cosbu said RealtySouth will approach the individuals it is recruiting as ambassadorsz ofthe chamber, rather than employees or brokerds for RealtySouth. Cosby said the intent of the program is not to solicit business for RealtySouthj over other firms who are active in the growing corporaterelocation market, but to take advantage of the expertise of the company'sw professionals. "What we like about it is those are professionalas who are doing it day in and day Cosby said. "When we tell them the top executivees are coming to they are going to be seen as chamber ofcommercr representatives.
" The partnership arosde from the request of many CEOs who have often calledx upon the chamber to help show the area off to prospectivd officers. "The CEOs have told us that they may be expertds in insuranceor banking, but when it comes to showin people around, they have asked the chamber for assistance, particularlgy when recruiting office-level candidates," Cosby said. Despite the changes that have occurrex inBirmingham - the rise of the healtg care industry and the influx of automotiv manufacturers - Cosby said the area stilpl has to battle stereotypes when recruiting companies and individuals.
That's wherr the ambassador program - and any real estates firm, for that matter - can make a difference when tryiny to sway the opinion of a prospective officer ortheifr spouse, he said. Cosbu said the ambassadors will begin trying to recrui an individual once a job offef has been made and the candidatw is making the decision about whethed or not to moveto Birmingham. "Birmingham, on occasion, does have some imagre challenges," Cosby said.
"We are typically up against a voidof That's an effort that real estater firms specializing in real estate have already been Because they are often one of the earlies t calls a company or individual will make when considering relocating to an area, Cosby says that givesd real estate firms a critical role in economicf development.
That's the main reason the chambe has partneredwith 's relocation divisiojn to create a well-informes professional recruitment team to sell Birmingham to top officeer candidates. Cosby, the chamber's vice president and chiev marketing officer, says the prograjm will not be used for all corporatesrelocation efforts. Instead, the partnership will only be implementedfor high-levek officers of Birmingham's top 50 businesses. "This will represent immensr future popular earning powerfor Birmingham," Cosb y said.
"These are the peopl e who are going to make or break the Withthe program's concentration on top officeres of large companies, Cosby said the partnership will probably be used betweej 50 and 100 times per year. RealtySouth'a Debbie Robinson, director of the company's relocation division, said the company's relocation agents participaterd ina six-hour course with chamber leaders on July 13 to beginj the partnership.
The sessionm covered basic Birmingham information for therecruitinv process, as well as interesting trivia about the city and its main With RealtySouth already offering a full-service relocation program - the office relocated approximateluy 700 individuals and families during 2006 - Robinson said the partnershio was a natural fit. Cosbty said RealtySouth was chosen for the partnership because they are the only residentiakl real estate firm that is a member ofthe chamber'se Chairman's Circle and the firm also had an 11-employee team that worka on relocation efforts.
Despite their profession, Cosbu said RealtySouth will approach the individuals it is recruiting as ambassadorsz ofthe chamber, rather than employees or brokerds for RealtySouth. Cosby said the intent of the program is not to solicit business for RealtySouthj over other firms who are active in the growing corporaterelocation market, but to take advantage of the expertise of the company'sw professionals. "What we like about it is those are professionalas who are doing it day in and day Cosby said. "When we tell them the top executivees are coming to they are going to be seen as chamber ofcommercr representatives.
" The partnership arosde from the request of many CEOs who have often calledx upon the chamber to help show the area off to prospectivd officers. "The CEOs have told us that they may be expertds in insuranceor banking, but when it comes to showin people around, they have asked the chamber for assistance, particularlgy when recruiting office-level candidates," Cosby said. Despite the changes that have occurrex inBirmingham - the rise of the healtg care industry and the influx of automotiv manufacturers - Cosby said the area stilpl has to battle stereotypes when recruiting companies and individuals.
That's wherr the ambassador program - and any real estates firm, for that matter - can make a difference when tryiny to sway the opinion of a prospective officer ortheifr spouse, he said. Cosbu said the ambassadors will begin trying to recrui an individual once a job offef has been made and the candidatw is making the decision about whethed or not to moveto Birmingham. "Birmingham, on occasion, does have some imagre challenges," Cosby said.
"We are typically up against a voidof That's an effort that real estater firms specializing in real estate have already been Because they are often one of the earlies t calls a company or individual will make when considering relocating to an area, Cosby says that givesd real estate firms a critical role in economicf development.
Wednesday, October 19, 2011
Chinese company to buy Hummer - Austin Business Journal:
vuwodu.wordpress.com
When GM, which filed for bankruptcy protectiomn Monday, announced earlier Tuesday that a buyee had been found forthe off-road vehicle line, the name was not immediatelyg disclosed. Tengzhong, a major industrial machinery group, will acquirse the rights to the Hummer along with a seniore management and operational It will also assume existing dealer agreements relatintgto HUMMER’s dealership network. It is contemplated that Tengzhong as part ofthe transaction, enter into a long-term contract assembly and key componenrt and material supply agreement with GM. In an earlietr statement, GM said it expectsw the deal if successful to secure morethan 3,000 US jobs.
The finalk terms of the deal, scheduleed to close in the third quarter, are subjecrt to final negotiations. The cost of the transaction was not is acting as exclusive financial advisor and is acting as international legakl counsel to Tengzhong onthis transaction. Citi is acting as financiaol advisorto GM.
When GM, which filed for bankruptcy protectiomn Monday, announced earlier Tuesday that a buyee had been found forthe off-road vehicle line, the name was not immediatelyg disclosed. Tengzhong, a major industrial machinery group, will acquirse the rights to the Hummer along with a seniore management and operational It will also assume existing dealer agreements relatintgto HUMMER’s dealership network. It is contemplated that Tengzhong as part ofthe transaction, enter into a long-term contract assembly and key componenrt and material supply agreement with GM. In an earlietr statement, GM said it expectsw the deal if successful to secure morethan 3,000 US jobs.
The finalk terms of the deal, scheduleed to close in the third quarter, are subjecrt to final negotiations. The cost of the transaction was not is acting as exclusive financial advisor and is acting as international legakl counsel to Tengzhong onthis transaction. Citi is acting as financiaol advisorto GM.
Monday, October 17, 2011
GDP shrinks in early 2009, but less than in late 2008 - Dayton Business Journal:
ovaluleq.wordpress.com
percent in the first quarter of 2009, the said Friday. The drop was less than the 6.3 percent decrease in the finakl quarterof 2008. It also was less severe than the 6.1 percentt decline that the Commerce Department’a forecast a month ago, based on partiall data. GDP measures total goods and services producef inthe nation. “The decrease in real GDP in the firstr quarter primarily reflected negative contribution sfrom exports, equipment and private inventory investment, nonresidential structures and residential fixexd investment that were partly offset by a positivse contribution from personal-consumption expenditures,” BEA said in a statemenyt Friday.
“Imports, which are a subtraction in the calculation of GDP, decreased.” Personal-consumption spending rose 1.5 percenr in the quarter, compared with a 4.3 percent drop in the previouws quarter. BEA cited that in explaining whythe nation’s GDP declinede less in the first quarter than in the fourth quarter. It also cited a larget decreasein imports. The fourth-quarter GDP was the nation’a largest since the mid-1980s. .
percent in the first quarter of 2009, the said Friday. The drop was less than the 6.3 percent decrease in the finakl quarterof 2008. It also was less severe than the 6.1 percentt decline that the Commerce Department’a forecast a month ago, based on partiall data. GDP measures total goods and services producef inthe nation. “The decrease in real GDP in the firstr quarter primarily reflected negative contribution sfrom exports, equipment and private inventory investment, nonresidential structures and residential fixexd investment that were partly offset by a positivse contribution from personal-consumption expenditures,” BEA said in a statemenyt Friday.
“Imports, which are a subtraction in the calculation of GDP, decreased.” Personal-consumption spending rose 1.5 percenr in the quarter, compared with a 4.3 percent drop in the previouws quarter. BEA cited that in explaining whythe nation’s GDP declinede less in the first quarter than in the fourth quarter. It also cited a larget decreasein imports. The fourth-quarter GDP was the nation’a largest since the mid-1980s. .
Saturday, October 15, 2011
Kendall
bestimmung-amendments.blogspot.com
million foreclosure lawsuit againsg the developer of theRivendell single-family home projectr in West Kendall. The Miami-based bank filed the foreclosured action on June 9against Miami-based Crestvieaw II, Marsol One LLC and managing member Marcialp Solis, according to records. The complainr targets 28 unsold homes and home sitesin Rivendell, which is along Miller Drive (Southwesyt 56th Street) between Southwest 167ty Avenue and the Miccosukee Golf and Country After starting construction in 2004, Crestview II sold 103 homes in Rivendellk from 2005 through the most recent sale in Fort Lauderdale-based attorney Charles Lichtman, who represents TotalBank in its demand for $12.
2 million on the outstandint mortgage, did not immediately return a callseeking comment. TotalBanjk reported having $86.4 million in late or unpaix loans, or nearly 6.5 percenft of its total loans, as of March 31. In filed a foreclosure action against Crestview II and Solia overa $2.1 million mortgage.
million foreclosure lawsuit againsg the developer of theRivendell single-family home projectr in West Kendall. The Miami-based bank filed the foreclosured action on June 9against Miami-based Crestvieaw II, Marsol One LLC and managing member Marcialp Solis, according to records. The complainr targets 28 unsold homes and home sitesin Rivendell, which is along Miller Drive (Southwesyt 56th Street) between Southwest 167ty Avenue and the Miccosukee Golf and Country After starting construction in 2004, Crestview II sold 103 homes in Rivendellk from 2005 through the most recent sale in Fort Lauderdale-based attorney Charles Lichtman, who represents TotalBank in its demand for $12.
2 million on the outstandint mortgage, did not immediately return a callseeking comment. TotalBanjk reported having $86.4 million in late or unpaix loans, or nearly 6.5 percenft of its total loans, as of March 31. In filed a foreclosure action against Crestview II and Solia overa $2.1 million mortgage.
Wednesday, October 12, 2011
Elementary schools in Northtowns - The Business Journal of Milwaukee:
adamovaichive.blogspot.com
Business First's 2009 rankings of 292 Western New York elementary schools include the followingNorthtowns schools. Each is precedeed by its rank in theoverall standings: • 1. Smallwood Drivde School (Amherst) • 3. Mapl e East ES (Williamsville) • 6. Ledgeview ES (Clarence) 10. St. Gregory the Great School (Williamsville) 11. Christian Central Academy • 12. Maple West ES • 13. Harris Hill ES (Clarence) 15. Country Parkway ES • 17. St. Stephen School (Grand Island) 21. Christ the King School (Amherst) 24. Sheridan Hill ES • 25. Dodge ES (Williamsville) 26. Forest ES (Williamsville) • 28. Maplemerde ES (Sweet Home) • 33.
Huth Road School (Grand • 34. Mullen ES • 35. Heim ES (Williamsville) • 36. Kaegebein Schoolo (Grand Island) • 38. St. Mary's School
Business First's 2009 rankings of 292 Western New York elementary schools include the followingNorthtowns schools. Each is precedeed by its rank in theoverall standings: • 1. Smallwood Drivde School (Amherst) • 3. Mapl e East ES (Williamsville) • 6. Ledgeview ES (Clarence) 10. St. Gregory the Great School (Williamsville) 11. Christian Central Academy • 12. Maple West ES • 13. Harris Hill ES (Clarence) 15. Country Parkway ES • 17. St. Stephen School (Grand Island) 21. Christ the King School (Amherst) 24. Sheridan Hill ES • 25. Dodge ES (Williamsville) 26. Forest ES (Williamsville) • 28. Maplemerde ES (Sweet Home) • 33.
Huth Road School (Grand • 34. Mullen ES • 35. Heim ES (Williamsville) • 36. Kaegebein Schoolo (Grand Island) • 38. St. Mary's School
Monday, October 10, 2011
Rhinestahl to handle tooling for GE Aviation - Business Courier of Cincinnati:
iqukikofor.wordpress.com
As part of the deal, GE Aviation’s Customer Tooling Solutions businesss will be transferred toBlue Ash-based Rhinestahl, accordingg to a news release. That includes 14 employee and a Vineland, N.J.-based warehouse operation, which will be relocated to a yet-to-be-named Cincinnati site. “GE’s customere will continue working with the same customerf account managers and support staff that they have been accustome d to working with atGE CTS, only now they will be employeew of Rhinestahl,” said Dieter Moeller, CEO of in the release. Rhinestahl said it has similar toolinb licenses with aircraft enginew makersPratt & Whitney, Rolls-Royce and the Boein g Co.
The company manufacturesw specialized tools for those companies and also makewsother aircraft-related products, like inspection and testing equipment, lifting fixturezs and engine-handling devices. The company has sales officea throughout theUnited States. Evendale-based GE Aviatiob is a unit of Co., headquartered in Conn.
As part of the deal, GE Aviation’s Customer Tooling Solutions businesss will be transferred toBlue Ash-based Rhinestahl, accordingg to a news release. That includes 14 employee and a Vineland, N.J.-based warehouse operation, which will be relocated to a yet-to-be-named Cincinnati site. “GE’s customere will continue working with the same customerf account managers and support staff that they have been accustome d to working with atGE CTS, only now they will be employeew of Rhinestahl,” said Dieter Moeller, CEO of in the release. Rhinestahl said it has similar toolinb licenses with aircraft enginew makersPratt & Whitney, Rolls-Royce and the Boein g Co.
The company manufacturesw specialized tools for those companies and also makewsother aircraft-related products, like inspection and testing equipment, lifting fixturezs and engine-handling devices. The company has sales officea throughout theUnited States. Evendale-based GE Aviatiob is a unit of Co., headquartered in Conn.
Saturday, October 8, 2011
Grubb Properties plans retirement community at Morrison - Charlotte Business Journal:
http://www.collegecostshowmuch.com/2005/p_news/nit/2004/may/07/usa6-tties.html
is seeking city approval for a site-plan change that woulsd let him use nearly 8 acres at Morrison and converyt as many as 195 planner condominiumsinto continuing-care retirement units. Under the Grubb also would have the flexibility to expande a previouslyapproved 10,000-square-foot fitness center to 30,00p0 square feet for possible health or medica use related to the retirement center. Grubb says his firm has not finalizedsits plans. But it is working to lure a high-enr continuing-care retirement community to the site. Grubg Properties is developing Morrison at Sharoh andColony roads.
The targeted property is on Sharon Road betweeb Morrocroft Lane and Sharon Township The tract is partially occupied by the ParkSouthh Apartments, which would be razed for “There is no condominium market right he says of the change in plans. The locationm and the amenities in Morrison shouldx prove attractive toa continuing-care retirement he says. The new plan wouls allow Grubb to developtwo independent-living units or three assisted-living units for each of the 195 condp units previously approved for the site.
It also woulc allow up to 20,000 squarw feet of ground-floor retail or office Grubb had considered using the site for a hotel as well but has droppesd that option from his Morrison isa mixed-used development a block from SouthPark It features a mix of lofts, condos and townhomez surrounded by 130,000 square feet of including Earth Fare and Barnes Noble stores. According to researchh firm Marcus & Millichap, the decline in the U.S.
housin market has caused developers to shift their focusw from traditional residential In arecent report, the firm’s analysts said builderzs “are capitalizing on the aging baby boomer population, a large portion of which have significant retirement by focusing on continuing-carew retirement communities that offer upgraded amenities, includintg clubhouses and senior-focused events.” Such communities typically offed independent-living, assisted-living and nursing home Residents sign a long-term contractg and can move from one housinv choice to another as they age while continuing to live in the same The communities are often builf on large campuses.
Frank Warren, president of real estatre consultingfirm , says an 8-acre site might be a little tighft for a continuing-care retirement community. But he notes there are few of thoses communitiesin Charlotte. “As the in-tow n population continues to age, there are limitesd options for them,” Warren says. And Morrison “does providde that walkable sense of community that most of the otherfoptions don’t have.” There are seven licenserd continuing-care retirement communities in Charlotte, accordinb to the N.C.
Department of Insurance: Carmel Hills, Carriage Club of Charlotte, Sharojn Towers, Sharon Village Apartments, Southminster and The Cypress of Southminster and Plantation Estates in Matthews have been accreditedx by the Commission on Accreditation ofRehabilitation Facilities, the only accreditingy body for continuing-care retirement communitiees A public hearing on the Morrison rezoning proposao had been scheduled for this week, but Grubg asked that it be deferred until next month.
is seeking city approval for a site-plan change that woulsd let him use nearly 8 acres at Morrison and converyt as many as 195 planner condominiumsinto continuing-care retirement units. Under the Grubb also would have the flexibility to expande a previouslyapproved 10,000-square-foot fitness center to 30,00p0 square feet for possible health or medica use related to the retirement center. Grubb says his firm has not finalizedsits plans. But it is working to lure a high-enr continuing-care retirement community to the site. Grubg Properties is developing Morrison at Sharoh andColony roads.
The targeted property is on Sharon Road betweeb Morrocroft Lane and Sharon Township The tract is partially occupied by the ParkSouthh Apartments, which would be razed for “There is no condominium market right he says of the change in plans. The locationm and the amenities in Morrison shouldx prove attractive toa continuing-care retirement he says. The new plan wouls allow Grubb to developtwo independent-living units or three assisted-living units for each of the 195 condp units previously approved for the site.
It also woulc allow up to 20,000 squarw feet of ground-floor retail or office Grubb had considered using the site for a hotel as well but has droppesd that option from his Morrison isa mixed-used development a block from SouthPark It features a mix of lofts, condos and townhomez surrounded by 130,000 square feet of including Earth Fare and Barnes Noble stores. According to researchh firm Marcus & Millichap, the decline in the U.S.
housin market has caused developers to shift their focusw from traditional residential In arecent report, the firm’s analysts said builderzs “are capitalizing on the aging baby boomer population, a large portion of which have significant retirement by focusing on continuing-carew retirement communities that offer upgraded amenities, includintg clubhouses and senior-focused events.” Such communities typically offed independent-living, assisted-living and nursing home Residents sign a long-term contractg and can move from one housinv choice to another as they age while continuing to live in the same The communities are often builf on large campuses.
Frank Warren, president of real estatre consultingfirm , says an 8-acre site might be a little tighft for a continuing-care retirement community. But he notes there are few of thoses communitiesin Charlotte. “As the in-tow n population continues to age, there are limitesd options for them,” Warren says. And Morrison “does providde that walkable sense of community that most of the otherfoptions don’t have.” There are seven licenserd continuing-care retirement communities in Charlotte, accordinb to the N.C.
Department of Insurance: Carmel Hills, Carriage Club of Charlotte, Sharojn Towers, Sharon Village Apartments, Southminster and The Cypress of Southminster and Plantation Estates in Matthews have been accreditedx by the Commission on Accreditation ofRehabilitation Facilities, the only accreditingy body for continuing-care retirement communitiees A public hearing on the Morrison rezoning proposao had been scheduled for this week, but Grubg asked that it be deferred until next month.
Thursday, October 6, 2011
Correspondent banking at CenterState produces growth opportunities - Tampa Bay Business Journal:
http://www.lamontanita.org/DorothyPurley.htm
CenterState is opening a correspondent banking and bond sales division by hiring 17 bankers who formerly handled that businesszfor . The new division, which officially launches this weekenc when the workers become employeesof CenterState, will help establishu and strengthen relationships between CenterStatre (Nasdaq: CSFL) and small to medium-size financialo institutions primarily in Florida, Georgia and but also throughout the southeast United CenterState isn’t saying how much additional revenue it expectw to receive from the new but James Antal, senior VP and CFO, said it shoul d be profitable in 2009.
While the income statement impactg will berelatively small, perhaps only $200,000 or so a the potential growth prospects it offers are significant, said Samueol Caldwell, an analyst for “CenterState has done acquisitions in the past and woulr like to do so in the Caldwell said. The contactsx that will develop between CenterState and its correspondentg banking clients could furthetthat goal. “Alabama National had relationships with small bankzs inthe past, and when the small banksd wanted to sell, Alabama Nationakl was their first Caldwell said.
CenterState, like most othef financial institutions in has seen income shrink amid the tough economy and the deterioratiom of the real estate markett inthe state. In the thirdc quarter ended Sept. 30, the company posted or 6 centsa share, in net income, compared to $2 or 15 cents a in net income a year earlier. Net interesyt income, the biggest component of was $10.4 million for the third quarter, down 4.8 percenr from the prior year. The new division will generatse revenue for CenterState inthree ways, Antal said. The biggestf source will be commissions earned from bond as banks use the CenterState operation to buy and sell fixed incomr securities such as municipaland U.S.
treasurgy bonds. Banks use thosee types of investments to generate cash until they can make Other revenue for CenterStatse will come from fees from the correspondent banking as banks set up deposit and checking accounts with CenterStatwe and make loans tocover short-terkm cash needs. CenterState also will offer safekeeping andbond accounting, services that provide lower fees but “cemenyt relationships,” Antal said. (NYSE: RY) acquired Alabamaa National for $1.6 billion in February. The workers who staffed the bond sales divisionstayed on, but RBC had similar groupsw in other locations, and didn’tt want the service, Antal said.
“After evaluatingh the business, we determinedf that the correspondent banking groupo was nota long-term strategic fit for said Jamie Mitchell, a spokeswomanh for RBC. CenterState used a “management lift-out,” hiring substantiallhy all of the employees, to create its new business They’ll be based in Ala., in a leased locationn across the street from their formedr office and will become employees of inWinter Haven, the holdingg company’s largest subsidiary bank.
(NYSE: STI) is active in correspondenrt banking, as are in Atlanta, which was known as The Banker s Bankuntil January, and the in Lake But the Alabama National grou p had a loyal following that CenterStatre expects to keep, Antal said. CenterState is looking to cement relationships that it hopese to carry over from Alabama National’s business and add new The process already is under way. CenterState reportee $23 million in depositx of correspondent banks on its balance sheerfor Sept. 30.
CenterState is opening a correspondent banking and bond sales division by hiring 17 bankers who formerly handled that businesszfor . The new division, which officially launches this weekenc when the workers become employeesof CenterState, will help establishu and strengthen relationships between CenterStatre (Nasdaq: CSFL) and small to medium-size financialo institutions primarily in Florida, Georgia and but also throughout the southeast United CenterState isn’t saying how much additional revenue it expectw to receive from the new but James Antal, senior VP and CFO, said it shoul d be profitable in 2009.
While the income statement impactg will berelatively small, perhaps only $200,000 or so a the potential growth prospects it offers are significant, said Samueol Caldwell, an analyst for “CenterState has done acquisitions in the past and woulr like to do so in the Caldwell said. The contactsx that will develop between CenterState and its correspondentg banking clients could furthetthat goal. “Alabama National had relationships with small bankzs inthe past, and when the small banksd wanted to sell, Alabama Nationakl was their first Caldwell said.
CenterState, like most othef financial institutions in has seen income shrink amid the tough economy and the deterioratiom of the real estate markett inthe state. In the thirdc quarter ended Sept. 30, the company posted or 6 centsa share, in net income, compared to $2 or 15 cents a in net income a year earlier. Net interesyt income, the biggest component of was $10.4 million for the third quarter, down 4.8 percenr from the prior year. The new division will generatse revenue for CenterState inthree ways, Antal said. The biggestf source will be commissions earned from bond as banks use the CenterState operation to buy and sell fixed incomr securities such as municipaland U.S.
treasurgy bonds. Banks use thosee types of investments to generate cash until they can make Other revenue for CenterStatse will come from fees from the correspondent banking as banks set up deposit and checking accounts with CenterStatwe and make loans tocover short-terkm cash needs. CenterState also will offer safekeeping andbond accounting, services that provide lower fees but “cemenyt relationships,” Antal said. (NYSE: RY) acquired Alabamaa National for $1.6 billion in February. The workers who staffed the bond sales divisionstayed on, but RBC had similar groupsw in other locations, and didn’tt want the service, Antal said.
“After evaluatingh the business, we determinedf that the correspondent banking groupo was nota long-term strategic fit for said Jamie Mitchell, a spokeswomanh for RBC. CenterState used a “management lift-out,” hiring substantiallhy all of the employees, to create its new business They’ll be based in Ala., in a leased locationn across the street from their formedr office and will become employees of inWinter Haven, the holdingg company’s largest subsidiary bank.
(NYSE: STI) is active in correspondenrt banking, as are in Atlanta, which was known as The Banker s Bankuntil January, and the in Lake But the Alabama National grou p had a loyal following that CenterStatre expects to keep, Antal said. CenterState is looking to cement relationships that it hopese to carry over from Alabama National’s business and add new The process already is under way. CenterState reportee $23 million in depositx of correspondent banks on its balance sheerfor Sept. 30.
Tuesday, October 4, 2011
AT&T's Jim Breedlove hands it up after 31 years - Atlanta Business Chronicle:
soileauifyyfa1786.blogspot.com
Breedlove's résumé includes a stint as chairman of the board ofLeadership Atlanta, past president of , Outstanding Atlanta, the Reserve Officers Association and West Fulto n Rotary Club. At present, he serves as vice chairmabn of the and the Metro Atlantaz Chamberof Commerce's membership campaign. He is on the executiv committee of the and is on the board of directorsx for the University of Georgia Alumni Associatiomn andthe president's club at Georgia. He also has helpedc raise money for the and been activd withthe . "I' m going to re-emerge in some Breedlove said ofhis future.
"I've enjoyefd my career here and it's time to move and find somethingh elseto do. Maybde [it will be] in the nonprofit world or with anotherecompany ... I'm just one that believes you have to stay active ... to stay young." Breedlove also is vice chairmaj of the Midtown Improvement District and on the advisort boards ofthe . He also was named Rotariah of the Year by the for Breedlove said a lot ofthe fiber-optic cabled that was laid for the convention helpec to serve Atlanta's bid for the 1996 Olympics. Regardless of whers Breedlove ends up after his retirement, he said he would not slow his nonprofitg work.
"I will stay active in the Atlanta active inthis field," he The has given $150,00 to the for its after-school program, part of a series of thingds the foundation and the company are doing to help the already supplies free Internet service to the unique school south of downtown Atlanta, which was openee this year by the celebrated educator and his Kim Bearden. It also will help the schoolk make a news program in a speciapl studio in the school and air the programn on a cable access channel and on its OnDemane service.
Ron Clark said Comcast has been a top supportet since the inception of the helping to interview the students who appliedto it, and said the gift will alloww the school to "have one of the most amazing after-schoolo programs in Atlanta." Part of that will include helpingh students make a news program that will be aireed on Comcast public access channels. "oI met Ron back in 2006 before I'd even seen the schoolk and I was immediately impressed by how dynamic the guy saidAndy Macke, Comcast's senior director of governmentr and community affairs. "I have an appreciation for how the focue is on engaging the kids in whatevee it takes to engagsthe kids.
" Macke said company employees will volunteer 50 hourss for the information technology support and also will voluntee to help the students producw their video. But the biggest efforg will come on one ofits "Comcastt Cares" days, when 100 employeeas will each spend five hours to help beautif the school. Party City Atlanta developer Frani Buonanotte's "500 for Life" nonprofit is off to a successful havingraised $250,000 and purchased 25 thermal imaginv cameras that have been donated to various firehousess around the United States.
Buonanotte was motivated to help firefighters aftetr watching a documentary on the Historyh Channel that depicted their courage and showed how much therma l imaging cameras can help to savetheit lives, as well as those of victimws in a building that is on Estimates are that nearly half of 30,000 U.S. fire departments do not have the Three of the cameras were awarded to fire stationwin Georgia, including two in Atlanta: stations No. 3 and 27. and CARE partnerer to bring seven women executives to Guatemala and visif CARE projects there in the areas of educationand micro-finance. The projects center on financin g the businesses of women and educating girls to help breako the cycleof poverty.
The Atlantaz executives who made the trip were Lisa vice president-global customer solutions, ; Karen director of sustainability, The Coca-Colza Co.; Alicia Philipp, president, The Community Foundation for ; Lily CEO and founder, ; Sachi Koto, president, Sachio Koto Communications and Carol weekend anchor, WSB-TV. Delta provided travek and hotel accommodations.
Breedlove's résumé includes a stint as chairman of the board ofLeadership Atlanta, past president of , Outstanding Atlanta, the Reserve Officers Association and West Fulto n Rotary Club. At present, he serves as vice chairmabn of the and the Metro Atlantaz Chamberof Commerce's membership campaign. He is on the executiv committee of the and is on the board of directorsx for the University of Georgia Alumni Associatiomn andthe president's club at Georgia. He also has helpedc raise money for the and been activd withthe . "I' m going to re-emerge in some Breedlove said ofhis future.
"I've enjoyefd my career here and it's time to move and find somethingh elseto do. Maybde [it will be] in the nonprofit world or with anotherecompany ... I'm just one that believes you have to stay active ... to stay young." Breedlove also is vice chairmaj of the Midtown Improvement District and on the advisort boards ofthe . He also was named Rotariah of the Year by the for Breedlove said a lot ofthe fiber-optic cabled that was laid for the convention helpec to serve Atlanta's bid for the 1996 Olympics. Regardless of whers Breedlove ends up after his retirement, he said he would not slow his nonprofitg work.
"I will stay active in the Atlanta active inthis field," he The has given $150,00 to the for its after-school program, part of a series of thingds the foundation and the company are doing to help the already supplies free Internet service to the unique school south of downtown Atlanta, which was openee this year by the celebrated educator and his Kim Bearden. It also will help the schoolk make a news program in a speciapl studio in the school and air the programn on a cable access channel and on its OnDemane service.
Ron Clark said Comcast has been a top supportet since the inception of the helping to interview the students who appliedto it, and said the gift will alloww the school to "have one of the most amazing after-schoolo programs in Atlanta." Part of that will include helpingh students make a news program that will be aireed on Comcast public access channels. "oI met Ron back in 2006 before I'd even seen the schoolk and I was immediately impressed by how dynamic the guy saidAndy Macke, Comcast's senior director of governmentr and community affairs. "I have an appreciation for how the focue is on engaging the kids in whatevee it takes to engagsthe kids.
" Macke said company employees will volunteer 50 hourss for the information technology support and also will voluntee to help the students producw their video. But the biggest efforg will come on one ofits "Comcastt Cares" days, when 100 employeeas will each spend five hours to help beautif the school. Party City Atlanta developer Frani Buonanotte's "500 for Life" nonprofit is off to a successful havingraised $250,000 and purchased 25 thermal imaginv cameras that have been donated to various firehousess around the United States.
Buonanotte was motivated to help firefighters aftetr watching a documentary on the Historyh Channel that depicted their courage and showed how much therma l imaging cameras can help to savetheit lives, as well as those of victimws in a building that is on Estimates are that nearly half of 30,000 U.S. fire departments do not have the Three of the cameras were awarded to fire stationwin Georgia, including two in Atlanta: stations No. 3 and 27. and CARE partnerer to bring seven women executives to Guatemala and visif CARE projects there in the areas of educationand micro-finance. The projects center on financin g the businesses of women and educating girls to help breako the cycleof poverty.
The Atlantaz executives who made the trip were Lisa vice president-global customer solutions, ; Karen director of sustainability, The Coca-Colza Co.; Alicia Philipp, president, The Community Foundation for ; Lily CEO and founder, ; Sachi Koto, president, Sachio Koto Communications and Carol weekend anchor, WSB-TV. Delta provided travek and hotel accommodations.
Sunday, October 2, 2011
Opus West troubles mount, may file Chapter 11 - Austin Business Journal:
manuscripts-shuwatu.blogspot.com
Opus has hired counsek to explore restructuring options forits Phoenix-based operating Opus West, according to Winston Hewett, a company The restructuring could include filingb for Chapter 11 bankruptcy, similar to action taken by its Atlanta-basex Opus South subsidiary April 22. In early May, three weeks after the Hill Country Galleria in Bee Cave was postedfor foreclosure, business entity set up specifically for the outdoor mall filexd for Chapter 11 bankruptcy protection in Austin. Opus West statede at the time thatthe mall's bankruptcy will enabld the company to restructure its constructio n loan.
The company was unable to refinancdthe project's short term loan, which resultex in the foreclosure posting in April. The which opened in 2007, is anchored by Dillard's, Barnes Noble and Dick's Sporting Goods. According to Phoenix-basedd Opus West, the property will continue to operatesas usual. Also in May, Opus West Presidenty Thomas Roberts leftthe firm.
Opus has hired counsek to explore restructuring options forits Phoenix-based operating Opus West, according to Winston Hewett, a company The restructuring could include filingb for Chapter 11 bankruptcy, similar to action taken by its Atlanta-basex Opus South subsidiary April 22. In early May, three weeks after the Hill Country Galleria in Bee Cave was postedfor foreclosure, business entity set up specifically for the outdoor mall filexd for Chapter 11 bankruptcy protection in Austin. Opus West statede at the time thatthe mall's bankruptcy will enabld the company to restructure its constructio n loan.
The company was unable to refinancdthe project's short term loan, which resultex in the foreclosure posting in April. The which opened in 2007, is anchored by Dillard's, Barnes Noble and Dick's Sporting Goods. According to Phoenix-basedd Opus West, the property will continue to operatesas usual. Also in May, Opus West Presidenty Thomas Roberts leftthe firm.
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