ebopotohy.wordpress.com
New orders in March were 17 percenft lower than they had been ayear earlier, reported surve y author Ken Smith. But there’s at least a glimmer of hope in that he added. “While nothinbg to get too excited at least the decline fell beloethe 20-plus percentages we have been reporting,” he said in the Year to date, new orders were 21 percengt lower than the first quartert of 2008. In March, shipmentzs of completed orders were off 17 percent from a year the same decline as new The industry continues toshed workers, the survey Factory employee counts were 20 percent lower in Marchy than a year earlier, and payrolls were off 24 Smith said based on survey he believes the economhy may be at or near its bottom.
There have been some encouragingg signs of reboundingconsumer confidence, which is a positivre sign for the furniture industry, he “No one expects the economy to come back with a but at least if companies can feel they have bottomed out, management can structure the company to deal currengt volume levels,” he said.
Friday, April 29, 2011
Tuesday, April 26, 2011
Abercrombie shutting struggling Ruehl chain - Birmingham Business Journal:
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The New Albany-based apparel merchant said Wednesday it willshut Ruehl’sw 29 stores and direct-to-consumer operations and will be “substantiallyg complete” with the effort by the end of next The decision comes a montyh after Abercrombie (NYSE:ANF) took a deep strategicd look at the chain, which targets young adultw with clothes and accessories. Ruehl, whose only Ohio stor is at Easton Town generated a pretax operating lossof $58 millionn last year. The chain regularly was Abercrombie’sx weakest sales performer at stores open at leasga year. Ruehl’s same-store sales were off 33 percentin May. Abercrombie earned $272.3 million on $3.
54 billionh in revenue last year. “Iy has been a difficult decisioj toclose Ruehl, a brand we continue to believe coulx have been successful in different circumstances,” CEO Michael Jeffriew said in a “However, given the currenf economic environment, we believe it is in the best interests of the companyt to focus its efforts and resource s on the growth opportunities afforded by our other brands, particularl internationally.
” The company didn’t disclose the effects on the chain’ s work force, nor did it indicate the number of jobs tied to The review of Ruehl, which opened in 2004, cost the companh about $51 million in impairment charges in its first quarter. Abercrombie expects to book about $65 milliob in pretax charges through the rest of the fiscal year as it windswdown Ruehl. The company Wednesday also said it amended a credit agreement to excludesome Ruehl-related chargex from requirements under its covenant with the lender and reducer its available credit to $350 million from $450 Jeffries said the company is confidenf is has sufficient cash on hand but “we believew it is prudent to make these in light of the recession-battered retaio environment and the one-time Ruehl In addition to the 29 Ruehl stores, Abercrombie runs 350 flagshipl stores and 733 others under the Abercrombie, Hollister Co.
and Gilly Hicks nameplates.
The New Albany-based apparel merchant said Wednesday it willshut Ruehl’sw 29 stores and direct-to-consumer operations and will be “substantiallyg complete” with the effort by the end of next The decision comes a montyh after Abercrombie (NYSE:ANF) took a deep strategicd look at the chain, which targets young adultw with clothes and accessories. Ruehl, whose only Ohio stor is at Easton Town generated a pretax operating lossof $58 millionn last year. The chain regularly was Abercrombie’sx weakest sales performer at stores open at leasga year. Ruehl’s same-store sales were off 33 percentin May. Abercrombie earned $272.3 million on $3.
54 billionh in revenue last year. “Iy has been a difficult decisioj toclose Ruehl, a brand we continue to believe coulx have been successful in different circumstances,” CEO Michael Jeffriew said in a “However, given the currenf economic environment, we believe it is in the best interests of the companyt to focus its efforts and resource s on the growth opportunities afforded by our other brands, particularl internationally.
” The company didn’t disclose the effects on the chain’ s work force, nor did it indicate the number of jobs tied to The review of Ruehl, which opened in 2004, cost the companh about $51 million in impairment charges in its first quarter. Abercrombie expects to book about $65 milliob in pretax charges through the rest of the fiscal year as it windswdown Ruehl. The company Wednesday also said it amended a credit agreement to excludesome Ruehl-related chargex from requirements under its covenant with the lender and reducer its available credit to $350 million from $450 Jeffries said the company is confidenf is has sufficient cash on hand but “we believew it is prudent to make these in light of the recession-battered retaio environment and the one-time Ruehl In addition to the 29 Ruehl stores, Abercrombie runs 350 flagshipl stores and 733 others under the Abercrombie, Hollister Co.
and Gilly Hicks nameplates.
Sunday, April 24, 2011
Webinar Discusses ACO Regulations - Becker's Hospital Review
ulyanaimiiurebor.blogspot.com
French Tribune | Webinar Discusses ACO Regulations Becker's Hospital Review The law firm McGuireWoods and healthcare analytics company Sg2 discussed the regulations for accountable care organizations in an April 6 webinar titled "Interpreting New ACO Regulations: Implications for Growth and Performance. ... Navigant, Health Adm! inistration Press release new book on ACOs Ropes & Gray Analysis Of CMS Proposed ACO Rule And Related Agency Issuances |
Friday, April 22, 2011
Accounting for change - Portland Business Journal:
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Demand from business clients is up for litigation andforensi accounting, accountants in the Portland area say. Valuationm work linked to mergers and acquisitionshas fallen. And tighterd credit has increased the need for even smalkl private businesses to compile financial statements that meet the stricyt standards of their larger has seen an increase in lawsuits by shareholders againstg individualsand corporations, which has heightened demand for forensic accounting and frau analysis, said William managing partner. The Portland firm consulted on behalf of investors in the case against Oregon ventured capitalistCraig Berkman.
Jurors penalized him $28 million last after concluding that Berkman had misused fundzs and lied about his Similar litigation continues to occupythe firm, Holmes though he declined to specify open cases. Geffenb Mesher & Co. has experienced an increas in demand forsome services, and decreasez elsewhere. The Portland firm has historicallgy offered valuation work centered around merger andacquisition activity, said Mike managing shareholder. But mergers and acquisitionxs havedried up, cutting into demand for those services. forensic accounting work is up. “Durinh tough economic times, fraudulent activity does increase,” Rompa said.
Businesss clients are increasingly calling on Geffeb Mesher to review their internal controle and identify possiblefraudulent activity. Geffen Mesherf is also preparing more complex financialp reports for small andprivatew businesses. Banks have growb more cautious aboutmaking loans, and increasinglyg require businesses to submit financial statements that adhere to the U.S. Generally Accepted Accounting Principles, Rompa This has created work for accountinhg firms that specialize in small andprivate businesses, which historically have not had to use accountinbg principles developed for larger, public companies.
“The more prolififc the accountingstandards are, the more difficultt the smaller business finds it to compl y with those standards,” Rompa said. “Thre cost of compliance has skyrocketed.” Those stricter standards are the resuly of increased scrutiny on which has created work for accountinyg firmof Portland. The firm counts a number of banks amongits clients, said partnet Mark Symonds. As bad loans take a toll on bankbalancd sheets, state and federal regulators have required many bankas to conduct thorough reviews of thei loans, generating work for the banks’ accountants.
Deman across business clients is up for strategicplannint help, Business clients face slim profit or even losses, and are calling on accountantse to identify strategic moves, Symonde said. “Nobody knows how long this recession is going to but we can help clients identify change they may need to make tobusiness practices.” Holmes and Co. has likewise seen an uptick in this kind ofconsulting work. The firm has adopted a policy of open investing in communications technology to make employees accessible arounddthe clock. “Clients have a lot of anxiety aboutthei future, their families, their banking Holmes said.
“We don’t want to create more anxiety by notbeinfg available.”
Demand from business clients is up for litigation andforensi accounting, accountants in the Portland area say. Valuationm work linked to mergers and acquisitionshas fallen. And tighterd credit has increased the need for even smalkl private businesses to compile financial statements that meet the stricyt standards of their larger has seen an increase in lawsuits by shareholders againstg individualsand corporations, which has heightened demand for forensic accounting and frau analysis, said William managing partner. The Portland firm consulted on behalf of investors in the case against Oregon ventured capitalistCraig Berkman.
Jurors penalized him $28 million last after concluding that Berkman had misused fundzs and lied about his Similar litigation continues to occupythe firm, Holmes though he declined to specify open cases. Geffenb Mesher & Co. has experienced an increas in demand forsome services, and decreasez elsewhere. The Portland firm has historicallgy offered valuation work centered around merger andacquisition activity, said Mike managing shareholder. But mergers and acquisitionxs havedried up, cutting into demand for those services. forensic accounting work is up. “Durinh tough economic times, fraudulent activity does increase,” Rompa said.
Businesss clients are increasingly calling on Geffeb Mesher to review their internal controle and identify possiblefraudulent activity. Geffen Mesherf is also preparing more complex financialp reports for small andprivatew businesses. Banks have growb more cautious aboutmaking loans, and increasinglyg require businesses to submit financial statements that adhere to the U.S. Generally Accepted Accounting Principles, Rompa This has created work for accountinhg firms that specialize in small andprivate businesses, which historically have not had to use accountinbg principles developed for larger, public companies.
“The more prolififc the accountingstandards are, the more difficultt the smaller business finds it to compl y with those standards,” Rompa said. “Thre cost of compliance has skyrocketed.” Those stricter standards are the resuly of increased scrutiny on which has created work for accountinyg firmof Portland. The firm counts a number of banks amongits clients, said partnet Mark Symonds. As bad loans take a toll on bankbalancd sheets, state and federal regulators have required many bankas to conduct thorough reviews of thei loans, generating work for the banks’ accountants.
Deman across business clients is up for strategicplannint help, Business clients face slim profit or even losses, and are calling on accountantse to identify strategic moves, Symonde said. “Nobody knows how long this recession is going to but we can help clients identify change they may need to make tobusiness practices.” Holmes and Co. has likewise seen an uptick in this kind ofconsulting work. The firm has adopted a policy of open investing in communications technology to make employees accessible arounddthe clock. “Clients have a lot of anxiety aboutthei future, their families, their banking Holmes said.
“We don’t want to create more anxiety by notbeinfg available.”
Tuesday, April 19, 2011
Children
bakakinkorypon.blogspot.com
million to to fund research in therapie like bone marrow and cordbloodr transplantation. The gift from Dolores Jorda — on behalf of her late husbandand brother-in-law will help the research center create an endowed chairt for a stem cell researcher whilee establishing the and Cellular Therapies Research. That coulsd help compete for monet fromthe — the state’as taxpayer-backed stem cell research fundinh agency — as well as other governmentf agencies and private funders. Bone marrow and cord bloo transplantations are used to treag a varietyof diseases, including leukemia and sickled cell anemia.
Future cellular therapy researchat Children’ s may focus on treatments for diabetes, lung injury, Crohn’sa disease and brain damage caused by oxygen shortagesd during childbirth, said Dr. Bert Lubin, the center’s senior vice “Fund-raisers often talk about ‘transformative’ gifts and sometimes exaggeratde the importance of aparticular gift. In this however, it is no exaggeration to say that the Jordanh family gift is truly transformative for the researcgh programat Children’s,” said Brad Children’s chief development officer, in a press Dolores Jordan’s husband, Hanabul “Bud” owned a Hayward construction business, and his Lowell, ran the family’x cattle ranch in Dublin.
The sale of the Jordan family’s ranch funded the gift. The famil previously donated morethan $420,000 to Children’s Hospital programs, includingy 1999 and 2000 gifts for the hospital’e blood and marrow transplant program.
million to to fund research in therapie like bone marrow and cordbloodr transplantation. The gift from Dolores Jorda — on behalf of her late husbandand brother-in-law will help the research center create an endowed chairt for a stem cell researcher whilee establishing the and Cellular Therapies Research. That coulsd help compete for monet fromthe — the state’as taxpayer-backed stem cell research fundinh agency — as well as other governmentf agencies and private funders. Bone marrow and cord bloo transplantations are used to treag a varietyof diseases, including leukemia and sickled cell anemia.
Future cellular therapy researchat Children’ s may focus on treatments for diabetes, lung injury, Crohn’sa disease and brain damage caused by oxygen shortagesd during childbirth, said Dr. Bert Lubin, the center’s senior vice “Fund-raisers often talk about ‘transformative’ gifts and sometimes exaggeratde the importance of aparticular gift. In this however, it is no exaggeration to say that the Jordanh family gift is truly transformative for the researcgh programat Children’s,” said Brad Children’s chief development officer, in a press Dolores Jordan’s husband, Hanabul “Bud” owned a Hayward construction business, and his Lowell, ran the family’x cattle ranch in Dublin.
The sale of the Jordan family’s ranch funded the gift. The famil previously donated morethan $420,000 to Children’s Hospital programs, includingy 1999 and 2000 gifts for the hospital’e blood and marrow transplant program.
Sunday, April 17, 2011
Forests likely to see restrictions, not closures - The Coloradoan
http://husydow.wordpress.com
USA Today | Forests likely to see restrictions, not closures The Coloradoan Although strict fire restrictions have been placed on visitors, national forest land in Larimer County has not closed because of high fire danger at any time in at least the past 40 years, he said. So far this year, Colorado fire meteorologists and ... Meteorologists say chance for rain in near future looks bleak; threat of ... |
Friday, April 15, 2011
CREDIT MARKETS:Corporate Bond Activity Slows Ahead Of Earnings - Wall Street Journal
haygoodfoafyga1359.blogspot.com
CREDIT MARKETS:Corporate Bond Activity Slows Ahead Of Earnings Wall Street Journal By Kelly Nolan Of DOW JONES NEWSWIRES Stocks rose slightly Thursday and activity in the investment-grade corporate bond market slowed as investors turned their attention to quarterly earnings reports. Meanwhile, worries about Greece's debt woes ... |
Tuesday, April 12, 2011
Redevelopment of former downtown Danbury police station moves forward - Danbury News Times
http://allcanadianfitness.com/thestudio/directions.html
Redevelopment of former downtown Danbury police station moves forward Danbury News Times Photo: Carol Kaliff / The News-Times | Buy This Photo This parking lot on Center Street is owned by St. Peter Catholic Church. The Connecticut Institute for Communities Health Center is considering leasing the lot for additional parking. ... |
Sunday, April 10, 2011
Restaurant outlook dampens - Pacific Business News (Honolulu):
hustbelogehy1857.blogspot.com
A total of 60 percengt of operators saw lower May sales compared to ayear ago, whilse 26 percent said sales were up. The association also says restaurant operators reported negative customed traffic levelsin May, the 21st consecutive montg of traffic declines. "Despite the softer sales outlook, restauranft operators remained relatively optimistic that the economy will improve in themontha ahead," the Association said. "Thirty-fourt percent of restaurant operators said they expecyt economic conditions to improve in six down slightly from 37 percent who reportedx similarlylast month.
" After reaching a 10 month high last the group says restaurant operators have scaled back plansa for capital expenditures in the coming months, with 41 percent planning to spend moneyg on remodeling or equipment, down from 46 percen last month.
A total of 60 percengt of operators saw lower May sales compared to ayear ago, whilse 26 percent said sales were up. The association also says restaurant operators reported negative customed traffic levelsin May, the 21st consecutive montg of traffic declines. "Despite the softer sales outlook, restauranft operators remained relatively optimistic that the economy will improve in themontha ahead," the Association said. "Thirty-fourt percent of restaurant operators said they expecyt economic conditions to improve in six down slightly from 37 percent who reportedx similarlylast month.
" After reaching a 10 month high last the group says restaurant operators have scaled back plansa for capital expenditures in the coming months, with 41 percent planning to spend moneyg on remodeling or equipment, down from 46 percen last month.
Saturday, April 9, 2011
China omits Ai Weiwei references - BBC News
http://www.gorillabaseball.com/user_detail.php?u=zenseceinsack
Boston Globe | China omits Ai Weiwei references BBC News China's foreign ministry has removed » |
Thursday, April 7, 2011
Companies linking up to insure themselves - San Francisco Business Times:
http://look4martialarts.com/user_detail.php?u=feespelscop
Under this model, group of similar businesses joinforces -- undef the auspices of a risk-management company -- to pool resourcesd and self-insure against comp-related risks, in effecty forming the equivalent of a mutua l insurance company. This allows medium-sized businesses to coverr themselves the way giant enterprises have long done in More than 25 such groups have formedx in California sinceJanuary 2002, after the approachn won regulatory approval.
One of the largesgt is Compensation Risk Managers of a unitof Hamilton, Bermuda-based It manages six industry programs in the Goldej State, for auto dealers, bankers, health-care companies such as skilled nursing facilitieas and hospitals, plastic manufacturers and Thousands of companies are including nearly 700 in one restauranrt industry group alone, but exact numbers aren'gt available. The CRM-managed winery group got off the ground inAugus 2005, with four core members, includinyg Sonoma's and Healdsburg's , according to David Ferrari-Carano's controller. It's now up to 23 wineriesx with roughly $2 million in annual workers' comp premiums. "It has exceeded expectations.
The group is performinf very well," said Peggy Phelan, Clinre Cellars' director of operations and a foundinvg board member of the winery Among the biggest benefits are rate which takes participants outside of the workerscomp industry's notorious boom-bust and having an equity interest in the group' s performance. "That's been a real plus," Phelan since any surplus premiums not used to pay claims belong to theparticipatingt companies. That provides a stronyg incentive to implementsafety programs, she said, since all members see regularf reports on the group's performance and any laggards soon becoms obvious.
The winery group's boarf reviews any comp claim over to make sure that all participants are maintainingb strongsafety standards. The mode only works if all members of the group meet high underwritinystandards -- a weak link can create losses for the entire group since members can be held liable for others'' claims. That's why professional risk-managemengt services are needed to safely embark on such a project and why current group board members can accept or rejec t any potentialnew participants. Losing steam?
As of earlty December, CRM had operations in three states, California, New York and Texas, includint managing self-insured groups that include an estimated 425 individuall companies in the six Californiqaindustry niches. Its services are sold through independenty brokers, and must follow guidelines from the state Departmenrt ofIndustrial Relations, which regulates self-insured groupes and individual self-insured companies througgh its Self Insurance Plans unit. CRM Holdings, which operates the California unit, recently purchased , a San Francisco-based workers ' comp carrier, giving it another finger in thelocal workers' comp pie.
after that acquisition, publicly traded CRM Holdings has 250 saidChet Walczyk, its COO, including 80 full-timew employees employed by Majestic. For the fiscal year endedf Sept. 30, CRM managede $72.3 million in aggregatse premium revenuein California, up from $64 million the prior year, but just a drop in the buckert in the state's $21.4 billion comp market, as of year-end 2005. The company expects to have managed premium totals ofabout $200 million for California and New York in but isn't breaking out the California portion. But it gaineed 130 new employer memberas lastfiscal year, and saw its California premium revenu under management jump 55 percent.
Other management companie in this nicheincludee , , CHSI and , accordinh to Mark Johnson, who heads the DIR's self insurancee program. Other industry niches served by self-insured groupz include beverage distributors, farmers, private truckers, credit unions, golf nonprofit organizations andindependenty bankers. Still, group self-insurance is becoming a hardet sell for some potentiak BayArea participants.
Several local brokers contacterd by the Business Times said interest in this approachis waning, give perceived liability risks and the dramatic recent rate drops offeredx by traditional workers' comp "There's interest, but not as much as therse was" a year or two ago, said Pete vice president at the Fremont-based Even so, Alexander said he represents 20 auto dealer clienta in a self-insured group and all of them have elected to "It's still the most competitive product out there," he "It gives business owners control over claims, and also the potentiall to receive dividends" from premiums that aren't paid out in James Carter, area president and partner at Burlingame'sa brokerage, said the model works best for organization s whose annual comp premiums are more than $50,000 but less than abouyt $1.
2 million. Those with larger exposures are typically betted off seekingindividual self-insurance options. But group self-insuranced can be a great way for well-managed employere in that range to control theidr risks and reapthe rewards, he said -- so much so that companiesa that exit the traditional workers' comp "roller in this way rarely
Under this model, group of similar businesses joinforces -- undef the auspices of a risk-management company -- to pool resourcesd and self-insure against comp-related risks, in effecty forming the equivalent of a mutua l insurance company. This allows medium-sized businesses to coverr themselves the way giant enterprises have long done in More than 25 such groups have formedx in California sinceJanuary 2002, after the approachn won regulatory approval.
One of the largesgt is Compensation Risk Managers of a unitof Hamilton, Bermuda-based It manages six industry programs in the Goldej State, for auto dealers, bankers, health-care companies such as skilled nursing facilitieas and hospitals, plastic manufacturers and Thousands of companies are including nearly 700 in one restauranrt industry group alone, but exact numbers aren'gt available. The CRM-managed winery group got off the ground inAugus 2005, with four core members, includinyg Sonoma's and Healdsburg's , according to David Ferrari-Carano's controller. It's now up to 23 wineriesx with roughly $2 million in annual workers' comp premiums. "It has exceeded expectations.
The group is performinf very well," said Peggy Phelan, Clinre Cellars' director of operations and a foundinvg board member of the winery Among the biggest benefits are rate which takes participants outside of the workerscomp industry's notorious boom-bust and having an equity interest in the group' s performance. "That's been a real plus," Phelan since any surplus premiums not used to pay claims belong to theparticipatingt companies. That provides a stronyg incentive to implementsafety programs, she said, since all members see regularf reports on the group's performance and any laggards soon becoms obvious.
The winery group's boarf reviews any comp claim over to make sure that all participants are maintainingb strongsafety standards. The mode only works if all members of the group meet high underwritinystandards -- a weak link can create losses for the entire group since members can be held liable for others'' claims. That's why professional risk-managemengt services are needed to safely embark on such a project and why current group board members can accept or rejec t any potentialnew participants. Losing steam?
As of earlty December, CRM had operations in three states, California, New York and Texas, includint managing self-insured groups that include an estimated 425 individuall companies in the six Californiqaindustry niches. Its services are sold through independenty brokers, and must follow guidelines from the state Departmenrt ofIndustrial Relations, which regulates self-insured groupes and individual self-insured companies througgh its Self Insurance Plans unit. CRM Holdings, which operates the California unit, recently purchased , a San Francisco-based workers ' comp carrier, giving it another finger in thelocal workers' comp pie.
after that acquisition, publicly traded CRM Holdings has 250 saidChet Walczyk, its COO, including 80 full-timew employees employed by Majestic. For the fiscal year endedf Sept. 30, CRM managede $72.3 million in aggregatse premium revenuein California, up from $64 million the prior year, but just a drop in the buckert in the state's $21.4 billion comp market, as of year-end 2005. The company expects to have managed premium totals ofabout $200 million for California and New York in but isn't breaking out the California portion. But it gaineed 130 new employer memberas lastfiscal year, and saw its California premium revenu under management jump 55 percent.
Other management companie in this nicheincludee , , CHSI and , accordinh to Mark Johnson, who heads the DIR's self insurancee program. Other industry niches served by self-insured groupz include beverage distributors, farmers, private truckers, credit unions, golf nonprofit organizations andindependenty bankers. Still, group self-insurance is becoming a hardet sell for some potentiak BayArea participants.
Several local brokers contacterd by the Business Times said interest in this approachis waning, give perceived liability risks and the dramatic recent rate drops offeredx by traditional workers' comp "There's interest, but not as much as therse was" a year or two ago, said Pete vice president at the Fremont-based Even so, Alexander said he represents 20 auto dealer clienta in a self-insured group and all of them have elected to "It's still the most competitive product out there," he "It gives business owners control over claims, and also the potentiall to receive dividends" from premiums that aren't paid out in James Carter, area president and partner at Burlingame'sa brokerage, said the model works best for organization s whose annual comp premiums are more than $50,000 but less than abouyt $1.
2 million. Those with larger exposures are typically betted off seekingindividual self-insurance options. But group self-insuranced can be a great way for well-managed employere in that range to control theidr risks and reapthe rewards, he said -- so much so that companiesa that exit the traditional workers' comp "roller in this way rarely
Tuesday, April 5, 2011
Atlanta
gault-rickettsias.blogspot.com
Though the down economy could translate into a dip in realestats prices, making it cheaper for a developerr to buy property, the stagnated credig markets mean that projects won’t get funded anytimee soon. And as financial markets improve, developers may face steepp preleasing requirements that impact the size and scopee oftheir buildings. In short, don’t expect any new projects to rivalp3344 Peachtree, the 50-story, mixed-use development that is the talles building in Buckhead. “When will we see the next 50-story buildin in Buckhead?
I would guess that if we see another 50-stort building there in the next10 years, I woulcd be surprised,” said Clark Gore, market director of “Thew skyline is impacted by where we are in the Several projects in Buckhead will alter the skyline in the coming including ’s Two Alliance Terminus 200 from and 3630 a joint venture between , , and But the recession is slowing projects that will dot the city’x skyline in the coming years, including a 45-story offices tower at Allen Plaza — the nearlt $2 billion mixed-use development over nine blockz on the northern edge of downtow n Atlanta at West Peachtree, Williams and Spring Two announced additions to the four buildings already at the site are on hold pendingg improvements in the financial markets and increased interesgt from potential tenants, said Hal chairman of , which is developing Allejn Plaza.
“We are always ready to make but you have to understand what is going on with the econom and thebanking crisis. It has us all standinvg still,” Barry said. Barry said he would like to move forwardd within 12 months on one of two additional class A offices towers planned for thesite — the 28-storhy 24 Allen Plaza with 395,379 squarw feet or the 45-story 50 Allen Plaza with 800,00p square feet. But that hinges on striking the right balancs of financingand tenants. “We don’g throw up a spec building we hope we can We are working on substantial preleasecandidates now. Who knowse when we will pull them together?” he said.
The economic downturnm provides short-term pain but coulfd carry a positive impact on future projectz by slowing timelines and forcing developers to focus on the mostsound projects. “Ij the long-term, when you have a downturn like this, you get a chancre to look at what you are doinf and think about what is saidBob Hughes, a principal with , a planning and architecture firm whosed portfolio includes Allen Plaza. Locationj will remain a key to success for future developmentsas Atlanta’z traffic congestion impacts where employers want to locatre — with buildings close to transit and key thoroughfaresd and areas with amenities gainingh an advantage.
“You want to be closre to the expressway system and have a minima l amount of surface streets to get toyour destination. Once you get you want to be able to park your car and not get back into ituntikl it’s time to go home,” Gore said. Whiler proximity to rapid transit isan advantage, it’s not yet a necessityt for most tenants. But environmentally friendly buildings that offerr certification throughthe U.S. Greenj Building Council’s Leadership in Energy and Environmentak Design, or LEED, rating system is becominhg a must.
“It is goinhg to become an increasing issue for corporates America once we get through this saidBob Voyles, principal and CEO of , a privatee real estate development and investmengt firm. “LEED certification will almost be a prerequisitew for any type of new Areas that already offef infrastructure and allow for more densee development willbe well-positioned to take advantagre of an economic recovery.
Those locations don’ just include prominent submarkets such as Midtown andPerimeter Center, but downtowns in Suwanee and Dulutyh and other suburban areas that offetr an opportunity for a higher quality of life, said Brian Leary, vice presidenft of design and development for . “As we move to a higher-densitt intown development mode over the next20 years, I think it will actually be quite a renaissance for Atlanta,” Lear y said.
Though the down economy could translate into a dip in realestats prices, making it cheaper for a developerr to buy property, the stagnated credig markets mean that projects won’t get funded anytimee soon. And as financial markets improve, developers may face steepp preleasing requirements that impact the size and scopee oftheir buildings. In short, don’t expect any new projects to rivalp3344 Peachtree, the 50-story, mixed-use development that is the talles building in Buckhead. “When will we see the next 50-story buildin in Buckhead?
I would guess that if we see another 50-stort building there in the next10 years, I woulcd be surprised,” said Clark Gore, market director of “Thew skyline is impacted by where we are in the Several projects in Buckhead will alter the skyline in the coming including ’s Two Alliance Terminus 200 from and 3630 a joint venture between , , and But the recession is slowing projects that will dot the city’x skyline in the coming years, including a 45-story offices tower at Allen Plaza — the nearlt $2 billion mixed-use development over nine blockz on the northern edge of downtow n Atlanta at West Peachtree, Williams and Spring Two announced additions to the four buildings already at the site are on hold pendingg improvements in the financial markets and increased interesgt from potential tenants, said Hal chairman of , which is developing Allejn Plaza.
“We are always ready to make but you have to understand what is going on with the econom and thebanking crisis. It has us all standinvg still,” Barry said. Barry said he would like to move forwardd within 12 months on one of two additional class A offices towers planned for thesite — the 28-storhy 24 Allen Plaza with 395,379 squarw feet or the 45-story 50 Allen Plaza with 800,00p square feet. But that hinges on striking the right balancs of financingand tenants. “We don’g throw up a spec building we hope we can We are working on substantial preleasecandidates now. Who knowse when we will pull them together?” he said.
The economic downturnm provides short-term pain but coulfd carry a positive impact on future projectz by slowing timelines and forcing developers to focus on the mostsound projects. “Ij the long-term, when you have a downturn like this, you get a chancre to look at what you are doinf and think about what is saidBob Hughes, a principal with , a planning and architecture firm whosed portfolio includes Allen Plaza. Locationj will remain a key to success for future developmentsas Atlanta’z traffic congestion impacts where employers want to locatre — with buildings close to transit and key thoroughfaresd and areas with amenities gainingh an advantage.
“You want to be closre to the expressway system and have a minima l amount of surface streets to get toyour destination. Once you get you want to be able to park your car and not get back into ituntikl it’s time to go home,” Gore said. Whiler proximity to rapid transit isan advantage, it’s not yet a necessityt for most tenants. But environmentally friendly buildings that offerr certification throughthe U.S. Greenj Building Council’s Leadership in Energy and Environmentak Design, or LEED, rating system is becominhg a must.
“It is goinhg to become an increasing issue for corporates America once we get through this saidBob Voyles, principal and CEO of , a privatee real estate development and investmengt firm. “LEED certification will almost be a prerequisitew for any type of new Areas that already offef infrastructure and allow for more densee development willbe well-positioned to take advantagre of an economic recovery.
Those locations don’ just include prominent submarkets such as Midtown andPerimeter Center, but downtowns in Suwanee and Dulutyh and other suburban areas that offetr an opportunity for a higher quality of life, said Brian Leary, vice presidenft of design and development for . “As we move to a higher-densitt intown development mode over the next20 years, I think it will actually be quite a renaissance for Atlanta,” Lear y said.
Sunday, April 3, 2011
AICPA survey says high net-worth individuals spending less - Triangle Business Journal:
http://www.vacation-rentals.tv/user_detail.php?u=lilismentee
It’s also left them changing thei investing habits in anticipation of future tax Such are a few of the findingsa of a new survey of529 CPA-certified financial plannerx performed by , AICPA. Sixty-seven percent of respondentd reported thattheir clients, expecting tax hikes down the are accelerating capital gains and increasingg contributions to qualified retirement plans such as 401(k)sd and IRAs.
In terms of wealty transfer, nearly 60 percent of financial planneras are recommending payingmedical and/odr education bills directly for family members, and 50 percengt are recommending gifting devalued In other survey results, 64 percent of the financiall planners say they foreses a small increase in the S&P 500 Index over the next six while 53 percent see a small jump in bond yields and 62 percentg say they anticipate a small or no change, in commerciap real estate values. Of the 529 survey 57 percent work with individua l clients with a net worthnof $1 million to $5 million, while 34 percent work with individuaol clients with a net worth of less than $1 million.
It’s also left them changing thei investing habits in anticipation of future tax Such are a few of the findingsa of a new survey of529 CPA-certified financial plannerx performed by , AICPA. Sixty-seven percent of respondentd reported thattheir clients, expecting tax hikes down the are accelerating capital gains and increasingg contributions to qualified retirement plans such as 401(k)sd and IRAs.
In terms of wealty transfer, nearly 60 percent of financial planneras are recommending payingmedical and/odr education bills directly for family members, and 50 percengt are recommending gifting devalued In other survey results, 64 percent of the financiall planners say they foreses a small increase in the S&P 500 Index over the next six while 53 percent see a small jump in bond yields and 62 percentg say they anticipate a small or no change, in commerciap real estate values. Of the 529 survey 57 percent work with individua l clients with a net worthnof $1 million to $5 million, while 34 percent work with individuaol clients with a net worth of less than $1 million.
Friday, April 1, 2011
Meet The Ex-JP Morgan Banker And "Father Of Derivatives" Who Could Be AIG's ... - The Business Insider
http://www.comique.biz/user_detail.php?u=entileate
RTT News | Meet The Ex-JP Morgan Banker And "Father Of Derivatives" Who Could Be AIG's ... The Business Insider Now at Chartis, he'll oversee its property and casualty insurance lines. AIG restructured Chartis, which has a headcount of 40000, into two global groups: commercial (to be run by John Doyle, the ! former head of Chartis US) and consumer (to be run by ... AIG Shakes Up Leadership At Property-Casualty Unit |
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