ermolayxitpev.blogspot.com
Centene Center, which was four yearx in the making, is one of just a few large-scals developments nationwide to lock in financing in the midstr of the tightcredit market. The U.S. Bank consortiumn committed to a construction loan forthe 17-story offic tower at Hanley and Forsyth, which will housr the corporate headquarters for Centene, one of St. largest public companies, and Armstrong Teasdale, one of the area’x largest law firms. Other banks providing financint for the project are The Regions Bank, , , and The Bank of Edwardsville. The amoung of the loan was not disclosed. The projecty also is receiving tax abatementtotalinb $18.9 million.
Len Toenjes, president of , said developerd that secure financing for projects now are seeingt cost savings of between 5 and 10 percent compared to 18months ago. “The bids are competitive, and right now, materialsa pricing is depressed,” Toenjee said. “The owners that have the like Centene, are going to get a heck of a Construction began in October to demolisuh the formerLibrary Ltd. building on the site and start work on the firsttwo floors. The equity partners in the project — Centene, Clayco and The funded the construction before financingwas finalized. The Komam Group, led by CEO Bill signed on as an equity partneer in the project earlierthis year. U.S.
Equitiesd of Chicago, which had led development dropped out as an equity partner but will still serv asa consultant. Centene Center will be Clayton’s first new officr building in nearly a decade when it is completed inJuly 2010. The crediyt crunch indefinitely delayed severall other commercial developments in including ’s $100 million office tower and Clayco and U.S. $568 million mixed-use development anchored by ’s headquarters. Othere area projects on hold included Shriner’s planned $170 million hospital at the campuesin St. Louis.
Clayton Mayor Lindqa Goldsteinsaid she’s hopeful Centene Center’s new retai l and restaurant space will spark development east of Hanleg on Forsyth to the station. Centene reportes 2008 revenue of $3.4 billion. The which has more than 500 locaol employees, is led by President and CEO Michael Neidorff.
Wednesday, June 29, 2011
Monday, June 27, 2011
Minister voices concern about immoral degeneration among Muslims - Myjoyonline.com
haga-aa8xuq.blogspot.com
Minister voices concern about immoral degeneration among Muslims Myjoyonline.com Hajia Hawawu Boya Gariba, Deputy Minister of Women and Children's Affairs at the weekend called on Muslims to critically examine their role and positions in helping to alleviate moral degeneration in the country. She said there was the need for the ... |
Saturday, June 25, 2011
Demand still there for logistics grads - Jacksonville Business Journal:
opexibu.wordpress.com
And in a job marketg where many collegegraduates can’t find much less jobs, finding a job that pays as much as $58,00 per year can be surreal. Abouft 90 percent of the graduates ofand ’ss logistics programs find jobs upon graduation. Part of the reasoh for their success is that there are only about 30 logistics programe inthe country, said Lynn who is associate director of UNF’s Transportatio and Logistics Flagship program. The other is that UNF’s prograjm has a reputation for not just teachinb students the theory of logistica but giving them the practica training so they can get workonce they’ve graduated.
UNF’zs program was ranked 13th in a September 2005 study by Suppl y ChainManagement Review, a trade magazine. University officials think they can do even bettetr and are betting that anew state-of-th art lab will help propel them closer to the top. The $330,0000 lab will give students experience withsoftwarwe — Oracle Advance Supply Chain Planning and SAP that they only previously learnedf about. The lab will make the transitiom into the work worlc even easierfor students, said Eric Bateh, a Decembe graduate of the program. “It got to the poinrt where I would attend the interviewa justfor fun,” said Bateh. “ I feel bad for all the other majors.
” After receivin several offers fromlogisticsd companies, he decided to sign up with , which had given him a $3,750 He said logistics students receive one-on-one attention from professords who have doctorates in the field and businesse experience. The Transportation & Logistics programj also hosts an annualCareer Day, which brings up to 25 companiews to the campus to interview Crowley Maritime is still hiringg but not at the same pace, mainly because turnovere has decreased as the economy has slowed, said Bryam Lee, the company’s vice president of humam resources.
He said the logisticsx job market in Jacksonville is healthier thanothe markets, such as New Jersey and Southern The demand for warehouses in Jacksonville hasn’t met their growth, but FCCJ logistics program graduates are still beinf hired. With the Workforce Credit Certificate, graduatesa have found jobs at LLC, , and other Jacksonville logistics companies, said Scott an FCCJ adjunct professor and PenserSC vice presidenyof technology. He said the majoritu of students, who complete the program in eight to 14 areswitching careers, with many coming from the ailin g construction industry.
Students tend to find warehousw supervising positions that paybetween $36,000 and $48,000 annually. FCCJ also has a logistics track for its associates applied science degree inbusiness administration, said Sandrq Beck, the school’s dean of workforcer development.
And in a job marketg where many collegegraduates can’t find much less jobs, finding a job that pays as much as $58,00 per year can be surreal. Abouft 90 percent of the graduates ofand ’ss logistics programs find jobs upon graduation. Part of the reasoh for their success is that there are only about 30 logistics programe inthe country, said Lynn who is associate director of UNF’s Transportatio and Logistics Flagship program. The other is that UNF’s prograjm has a reputation for not just teachinb students the theory of logistica but giving them the practica training so they can get workonce they’ve graduated.
UNF’zs program was ranked 13th in a September 2005 study by Suppl y ChainManagement Review, a trade magazine. University officials think they can do even bettetr and are betting that anew state-of-th art lab will help propel them closer to the top. The $330,0000 lab will give students experience withsoftwarwe — Oracle Advance Supply Chain Planning and SAP that they only previously learnedf about. The lab will make the transitiom into the work worlc even easierfor students, said Eric Bateh, a Decembe graduate of the program. “It got to the poinrt where I would attend the interviewa justfor fun,” said Bateh. “ I feel bad for all the other majors.
” After receivin several offers fromlogisticsd companies, he decided to sign up with , which had given him a $3,750 He said logistics students receive one-on-one attention from professords who have doctorates in the field and businesse experience. The Transportation & Logistics programj also hosts an annualCareer Day, which brings up to 25 companiews to the campus to interview Crowley Maritime is still hiringg but not at the same pace, mainly because turnovere has decreased as the economy has slowed, said Bryam Lee, the company’s vice president of humam resources.
He said the logisticsx job market in Jacksonville is healthier thanothe markets, such as New Jersey and Southern The demand for warehouses in Jacksonville hasn’t met their growth, but FCCJ logistics program graduates are still beinf hired. With the Workforce Credit Certificate, graduatesa have found jobs at LLC, , and other Jacksonville logistics companies, said Scott an FCCJ adjunct professor and PenserSC vice presidenyof technology. He said the majoritu of students, who complete the program in eight to 14 areswitching careers, with many coming from the ailin g construction industry.
Students tend to find warehousw supervising positions that paybetween $36,000 and $48,000 annually. FCCJ also has a logistics track for its associates applied science degree inbusiness administration, said Sandrq Beck, the school’s dean of workforcer development.
Thursday, June 23, 2011
Brywood Centre construction will start later in the summer - Phoenix Business Journal:
torbjorntrainer1738.blogspot.com
The approved Tri-Land’s plan to redevelop the at 63rd Streetr and Blue Ridge Cutofflast month. The approved $5.6 million in TIF reimbursementsd forthe $30.7 million projecrt in June 2008. Tri-Land is base d in Westchester, Ill. “We are very excited to be movinvg forward with thisredevelopment project,” Tri-Land Executivew Vice President Hugh Robinson said in a release. “Wer have had a great relationship with the city and the two districtcouncil members, Terry Rilegy and Cindy Circo, throughout this process. We look forward to delivering a renewed, high-quality project to this great community.
” Redevelopment of the 183,000-square-foog center will include a new facade, updated signage and landscaping upgrades, expansion of a Pricew Chopper supermarket that anchors the center andincreased pad-site availability along 63rd Tri-Land also hopes to announce a new anchor tenant soon for the 37-year-olc center. Tri-Land owns and manage s more than 2.8 million square feet of retaik space inthe Midwest, Mid-Atlanticf and Southeast regions of the country. It specializexs in acquiring and revitalizing distressed and undervalued community centera rangingfrom 100,000 square feet to 750,000 square feet.
The approved Tri-Land’s plan to redevelop the at 63rd Streetr and Blue Ridge Cutofflast month. The approved $5.6 million in TIF reimbursementsd forthe $30.7 million projecrt in June 2008. Tri-Land is base d in Westchester, Ill. “We are very excited to be movinvg forward with thisredevelopment project,” Tri-Land Executivew Vice President Hugh Robinson said in a release. “Wer have had a great relationship with the city and the two districtcouncil members, Terry Rilegy and Cindy Circo, throughout this process. We look forward to delivering a renewed, high-quality project to this great community.
” Redevelopment of the 183,000-square-foog center will include a new facade, updated signage and landscaping upgrades, expansion of a Pricew Chopper supermarket that anchors the center andincreased pad-site availability along 63rd Tri-Land also hopes to announce a new anchor tenant soon for the 37-year-olc center. Tri-Land owns and manage s more than 2.8 million square feet of retaik space inthe Midwest, Mid-Atlanticf and Southeast regions of the country. It specializexs in acquiring and revitalizing distressed and undervalued community centera rangingfrom 100,000 square feet to 750,000 square feet.
Monday, June 20, 2011
Colorado business conditions improve, Goss index shows - Houston Business Journal:
efiosyt.blogspot.com
But the index, based on a surve y of the state's supply managers, still fell below a pointf that would indicate likelyeconomic growth, Goss May's business index for Colorado rose to 44 in May from 38 in 41.3 in March and 43.5 in February, said head of the Goss Institute for Economic which conducts the survey. The state's index was 30.5 in Januaruy and 41.5 in December 2008. The indexd ranges between 0 and 100. An indexd greater than 50 indicates expectations of an expanding economyy over the next three to six 50 isgrowth neutral. New orders: up sharply from 37.2 in 37.8 in March and 47.8 in February. 43.0, up from 36.0 in April, 38.2 in Marcbh and 35.6 in February.
Deliveryg lead time: 25.4, down from 50.8 in April, 41.4 in Marchy and 52.2 in February. 40.4, up from 30.8 in April, down from 49.4 in Marcu and just over the February figureof 40.3. 42.7, up from 35.4 in 39.6 in March and 40.6 in Still, Goss said his survey suggests Coloradl still has a way to go to emergs fromthe downturn. "Manufacturers in the state, as a resultr of a sharp pullback in economic have terminated and cut back on construction projects in the Goss said ina "At the same time, firmas with ties to the energy sector continue to report somewhat weakedr conditions as a result of downturnes in energy commodity prices since the beginning of the national economicd recession.
" The Goss Institute uses the same methodology for its survet as the Institute for Supply Management, formerlg the Purchasing Management Association, in its national survey of its members. Goss separately released a three-statew composite index that includes Colorado, Utah and Across the three-state region, the Busineszs Conditions Index stoodat 38.9 in May, up slightlyt from 37.8 in down from 39.2 in Marcu and 44.6 in February, but up from 31.
6 in
But the index, based on a surve y of the state's supply managers, still fell below a pointf that would indicate likelyeconomic growth, Goss May's business index for Colorado rose to 44 in May from 38 in 41.3 in March and 43.5 in February, said head of the Goss Institute for Economic which conducts the survey. The state's index was 30.5 in Januaruy and 41.5 in December 2008. The indexd ranges between 0 and 100. An indexd greater than 50 indicates expectations of an expanding economyy over the next three to six 50 isgrowth neutral. New orders: up sharply from 37.2 in 37.8 in March and 47.8 in February. 43.0, up from 36.0 in April, 38.2 in Marcbh and 35.6 in February.
Deliveryg lead time: 25.4, down from 50.8 in April, 41.4 in Marchy and 52.2 in February. 40.4, up from 30.8 in April, down from 49.4 in Marcu and just over the February figureof 40.3. 42.7, up from 35.4 in 39.6 in March and 40.6 in Still, Goss said his survey suggests Coloradl still has a way to go to emergs fromthe downturn. "Manufacturers in the state, as a resultr of a sharp pullback in economic have terminated and cut back on construction projects in the Goss said ina "At the same time, firmas with ties to the energy sector continue to report somewhat weakedr conditions as a result of downturnes in energy commodity prices since the beginning of the national economicd recession.
" The Goss Institute uses the same methodology for its survet as the Institute for Supply Management, formerlg the Purchasing Management Association, in its national survey of its members. Goss separately released a three-statew composite index that includes Colorado, Utah and Across the three-state region, the Busineszs Conditions Index stoodat 38.9 in May, up slightlyt from 37.8 in down from 39.2 in Marcu and 44.6 in February, but up from 31.
6 in
Saturday, June 18, 2011
Dozens of consignment shops to close with foreclosure of Asheville building - Greenfield Daily Reporter
http://medavog.net/Adobe-Photoshop1/glava12.htm
Dozens of consignment shops to close with foreclosure of Asheville building Greenfield Daily Reporter AP ASHEVILLE, NC â€" The foreclosure of an Asheville building is forcing dozens of consignment shops to close. The Asheville Citizen-Times reports Saturday that the Downtown Market is set to be auctioned off July 13. Bobby Potts and Josiah Hyatt bought ... Foreclosure on Asheville Downtown Market threatens consignment sellers, other ... |
Thursday, June 16, 2011
United credit card policy could foul corporate travel - Kansas City Business Journal:
burwellmitubaes1369.blogspot.com
San Francisco’s dominant airlins informed some travel agencies that as of July 20 it will no longerf let them process credit and debit card purchasesd for airline ticketsusing United’s merchant-processing services. Instead, such agenciee would have to require travelers to pay with process card payments withthe agency’a own merchant processing service and forward the cash to Unitec or book the tickets on United’zs web site using the traveler’s credigt or debit card issued by , (NYSE: V) , (NYSE: MA) AXP) and others.
An agent using United’x web site, bypassing such travel systemz as Apolloand Sabre, would not alloaw companies to capture the discounts they have negotiated with Uniteed nor would it allow their trave l agent to survey several carriers on a route to find the lowes t price. “Several Bay Area companiexs have deals with United Airlinessfor discounts,” said Marc president of Casto Travel, which isn’t amongt the agencies that United has cut off from its merchant-processinvg service.
Casto says he’s reached out to some of the firm’ds corporate clients to express concernover United’s new card acceptancd policy, but declined to discusss what was said in those conversations. United Airlines UAUA) did not respond to requests for comment. United is hopinfg to shift the cost of accepting credit and debit cardss onto selectedtravel agencies. Those agencies say the airline’sd move shifts to them the risk for payingf out refunds if the carriergoes bankrupt. While it’s also likely to reduc e the amount of money that United has to keep in the bank to guarfagainst charge-backs, it wouldx increase those requirements for the travel agents.
That’sw a nonstarter for most agencies andtheir banks, which would have to honor charge-back requestws that could total billions of dollars in the event of an airlinr bankruptcy. “I don’t think there’s any travel agency, includinfg American Express Travel, that could shoulder that liability,” Castio said.
San Francisco’s dominant airlins informed some travel agencies that as of July 20 it will no longerf let them process credit and debit card purchasesd for airline ticketsusing United’s merchant-processing services. Instead, such agenciee would have to require travelers to pay with process card payments withthe agency’a own merchant processing service and forward the cash to Unitec or book the tickets on United’zs web site using the traveler’s credigt or debit card issued by , (NYSE: V) , (NYSE: MA) AXP) and others.
An agent using United’x web site, bypassing such travel systemz as Apolloand Sabre, would not alloaw companies to capture the discounts they have negotiated with Uniteed nor would it allow their trave l agent to survey several carriers on a route to find the lowes t price. “Several Bay Area companiexs have deals with United Airlinessfor discounts,” said Marc president of Casto Travel, which isn’t amongt the agencies that United has cut off from its merchant-processinvg service.
Casto says he’s reached out to some of the firm’ds corporate clients to express concernover United’s new card acceptancd policy, but declined to discusss what was said in those conversations. United Airlines UAUA) did not respond to requests for comment. United is hopinfg to shift the cost of accepting credit and debit cardss onto selectedtravel agencies. Those agencies say the airline’sd move shifts to them the risk for payingf out refunds if the carriergoes bankrupt. While it’s also likely to reduc e the amount of money that United has to keep in the bank to guarfagainst charge-backs, it wouldx increase those requirements for the travel agents.
That’sw a nonstarter for most agencies andtheir banks, which would have to honor charge-back requestws that could total billions of dollars in the event of an airlinr bankruptcy. “I don’t think there’s any travel agency, includinfg American Express Travel, that could shoulder that liability,” Castio said.
Monday, June 13, 2011
Report: New condo prices are down, sales shoot up - Washington Business Journal:
qypytcuvy.blogspot.com
Prices for new and converted condos fell the most insuburbamn Maryland, down 7.6 percent. The drops in Northern Virginisaand D.C. were lower, at 2.9 and 2.6 Delta, an Alexandria research firm, said two factors contributecd to the increased sales historically low interest rates and the busyhomebuying season. A totall of 618 units went under contract durinbthe quarter. For the first half of the year, 928 units went under contract, with Arlington County and Alexandria leadintg the area with 242units sold. There are 8,4800 units in projects now being marketed for and the number ofcancelled 694, in the quarter was the lowest since early 2006.
The Morris and Gwendolyn Cafrita Foundation changed its Art Place at Fort Tottem from condos to apartments and will go before the planninh board July 2 to seek approval for 529 apartment as part of the firsyt ofthree phases. decided to reworm its 80 units at 1444Irvin St. in Montgomery County, KB Home and Centex Homeas cancelledtheir Aventiene-Phase I, which woulds have delivered 30 residential Delta CEO Greg Leisch said the dwindlingb pipeline — now at its lowest in five yearse — will likely result in a shortage by causing effective prices to rise. Prices tend to rise when there inventory-to-sales ratio is at three yearsor less. It is currentlyu at 1.
7 years in Arlingtonn and Alexandriaand 2.8 years in D.C. For the it is 5.1 years. Because the number of projectes set to deliver inside the Beltwaty will drop to near Leisch said prices will rise sharplh between 2010and 2011. This is good news for projects like the which is among thelast high-enx condominium projects to deliver in Bethesda. “Therew are really very few upscal condoprojects standing, and clearly none are going to starrt any time soon,” said Marc Dubick, presidenft of Duball LLC, which developecd Lionsgate. “So when you look at ours with 30 unitz leftto sell, that’s only about a nine- to 18-month supply at most.
Then there is Park Potomac with 40 left and the Adaggiko with30 left. That is only 100 unitse in Montgomery County. Upscald buyers are going to be hard pressec tofind high-end unitsd in the area,” he said. Leiscyh predicts that apartment projects plannee as condominiums and converted to rental such asWilliam C. Smith Cos.’ 82-unit Park Vista in Southeast D.C., may convert back to condominium projects to meet the cominyg shortage before new projectsare “There is no lender who will loan on a new condlo project right now,” he said.
“We’vre got about 10,000 units that were converted to apartmentws when the market soured and they will be the ones to convert back to meet the first wave of demandarouns 2011, instead of having new construction.” Leisch cited Northwest D.C. and Tysons Corner as areas that will host the firstf wave of newconstructionn — expected in 2012 to 2015 when lenders regain confidence in the Leisch also noted a change in buyer behaviot compared to the boom: “Three yearsz ago, at the height of the people signed up to buy in advancw and were willing to walk away from theirr deposit when it came time to But in three years peoplde get new jobs, move get married, get divorcede and go through major lifestyle changes.
Now, people are buyinvg with settlements in 90 days and in that they are seeing the actual unitand it’s a serioud decision.” The result? The contract cancellatiom rate has dropped to 15 to 20 percent, down from 65 percentt last year.
Prices for new and converted condos fell the most insuburbamn Maryland, down 7.6 percent. The drops in Northern Virginisaand D.C. were lower, at 2.9 and 2.6 Delta, an Alexandria research firm, said two factors contributecd to the increased sales historically low interest rates and the busyhomebuying season. A totall of 618 units went under contract durinbthe quarter. For the first half of the year, 928 units went under contract, with Arlington County and Alexandria leadintg the area with 242units sold. There are 8,4800 units in projects now being marketed for and the number ofcancelled 694, in the quarter was the lowest since early 2006.
The Morris and Gwendolyn Cafrita Foundation changed its Art Place at Fort Tottem from condos to apartments and will go before the planninh board July 2 to seek approval for 529 apartment as part of the firsyt ofthree phases. decided to reworm its 80 units at 1444Irvin St. in Montgomery County, KB Home and Centex Homeas cancelledtheir Aventiene-Phase I, which woulds have delivered 30 residential Delta CEO Greg Leisch said the dwindlingb pipeline — now at its lowest in five yearse — will likely result in a shortage by causing effective prices to rise. Prices tend to rise when there inventory-to-sales ratio is at three yearsor less. It is currentlyu at 1.
7 years in Arlingtonn and Alexandriaand 2.8 years in D.C. For the it is 5.1 years. Because the number of projectes set to deliver inside the Beltwaty will drop to near Leisch said prices will rise sharplh between 2010and 2011. This is good news for projects like the which is among thelast high-enx condominium projects to deliver in Bethesda. “Therew are really very few upscal condoprojects standing, and clearly none are going to starrt any time soon,” said Marc Dubick, presidenft of Duball LLC, which developecd Lionsgate. “So when you look at ours with 30 unitz leftto sell, that’s only about a nine- to 18-month supply at most.
Then there is Park Potomac with 40 left and the Adaggiko with30 left. That is only 100 unitse in Montgomery County. Upscald buyers are going to be hard pressec tofind high-end unitsd in the area,” he said. Leiscyh predicts that apartment projects plannee as condominiums and converted to rental such asWilliam C. Smith Cos.’ 82-unit Park Vista in Southeast D.C., may convert back to condominium projects to meet the cominyg shortage before new projectsare “There is no lender who will loan on a new condlo project right now,” he said.
“We’vre got about 10,000 units that were converted to apartmentws when the market soured and they will be the ones to convert back to meet the first wave of demandarouns 2011, instead of having new construction.” Leisch cited Northwest D.C. and Tysons Corner as areas that will host the firstf wave of newconstructionn — expected in 2012 to 2015 when lenders regain confidence in the Leisch also noted a change in buyer behaviot compared to the boom: “Three yearsz ago, at the height of the people signed up to buy in advancw and were willing to walk away from theirr deposit when it came time to But in three years peoplde get new jobs, move get married, get divorcede and go through major lifestyle changes.
Now, people are buyinvg with settlements in 90 days and in that they are seeing the actual unitand it’s a serioud decision.” The result? The contract cancellatiom rate has dropped to 15 to 20 percent, down from 65 percentt last year.
Saturday, June 11, 2011
Furutani & Peters LLP: UPS Supervisor Awarded $162,992.85 in Overtime Compensation
pohevovotybuc.blogspot.com
"We are pleased that the jury foundin Mr. Marlo' s favor. UPS has routinely overworkeed its supervisors and intentionally misclassified its supervisors to avoifd paying overtime and deprive them of mealsz and rest periods that UPS is requires to provide underCalifornia law. This has allowesd UPS to deprive its California supervisors of substantial amountseach year," said , attorney for Mr. Marlo. "We hope that the jury'x verdict will send a message to UPS to followeCalifornia law, as well as reduce the excessive workloadr and the number of hours it forces its supervisorsd to work." v. United Parcekl Service, Inc., United Statew District Court for the Central Districrof California, Case No.
CV 03-4336 DDP (RZx). The verdicty was reached on May 20, 2009. Mr. Marlo was represented by of Furutani & Peters LLP in California. UPS was represented by Walker LLP. The Marlo case is the first of 55 currentlg pending supervisor overtime cases againstf UPS in California tobe
"We are pleased that the jury foundin Mr. Marlo' s favor. UPS has routinely overworkeed its supervisors and intentionally misclassified its supervisors to avoifd paying overtime and deprive them of mealsz and rest periods that UPS is requires to provide underCalifornia law. This has allowesd UPS to deprive its California supervisors of substantial amountseach year," said , attorney for Mr. Marlo. "We hope that the jury'x verdict will send a message to UPS to followeCalifornia law, as well as reduce the excessive workloadr and the number of hours it forces its supervisorsd to work." v. United Parcekl Service, Inc., United Statew District Court for the Central Districrof California, Case No.
CV 03-4336 DDP (RZx). The verdicty was reached on May 20, 2009. Mr. Marlo was represented by of Furutani & Peters LLP in California. UPS was represented by Walker LLP. The Marlo case is the first of 55 currentlg pending supervisor overtime cases againstf UPS in California tobe
Thursday, June 9, 2011
Orange Ozone Action Day Issued for the Midlands - WLTX.com
adavuxuf.wordpress.com
Orange Ozone Action Day Issued for the Midlands WLTX.com Columbia, SC (WLTX) - The hot, stagnant air over the Midlands will persist Thursday, prompting state health officials to issue an Orange Ozone Action Day. The alert is for the following Midlands counties: Calhoun, Fairfield, Kershaw, Lexington, ... South Carolina warning of air quality in Midlands, Upstate for some children ... |
Tuesday, June 7, 2011
Bright idea: Marvin Dufner makes millions recycling bulbs - Kansas City Business Journal:
http://exhumator.com/00-200-01_esoteric-religious-spiritual-relational-consciousness.html
After building his fluorescent light bulbrecycling company, H.T.R. Inc., into a national played with customers thatinclude , Walgreens, and Lowe’s, Dufnert sold the business in March to Houston-based an estimated $12 H.T.R.’s revenue reached $6 million last year, 17 timexs more than the $350,000 the company made when Dufned bought it in Decembee 1999. A decade ago, the business recycled about 30,00p0 fluorescent bulbs a month to keep hazardoua mercury out of landfillse andwater supplies.
That number reachedd about 18 million bulbs a year by the time of the Dufner andRaymond Kohout, his minority partnetr and chief operating officer, decided they needed to either invest a large amounty of capital to open additional recycling facilitieds or find a strategic partner or buyer for theird business. Dufner turned to lifelong friened James Stuart ofin Clayton. Stuart reachesd out to contacts atWaste Management, and after abouty a year of talks, he helped broker H.T.R.’s sale.
Dufner estimated fluorescent bulb recycling isa $100 millioj to $150 million Analyst Michael Hoffman of in Baltimorw noted that garbage disposal is a $52 billioh industry and medical waste disposal accounts for another $3 billiojn to $4 billion. Add-on services such as recycling can help a compang win additionalmarket share. “One of Waste Management’ws core goals is to grow its medical wastr business toabout $300 million in revenu e in the next 24 months,” Hoffman said. “Now they can walk into health-carer facilities and hospitals and offer to dispose of theirmedicak waste, regular trash and also their fluorescenyt bulbs, which for a hospital is no small thing.
” Waste Management, North America’s largestf waste disposal company, posted net income of $1.089 billion on revenue of $13.4 billion last year and employs about 46,000. Dufner, 54, grew up in Granite City and St. attending and at Carbondale. In 1991, he bought one of the first franchises ofEarth City-based Dent a company that provides paintless dent removao for automobiles. Dufner move to Atlanta to run his territory of Georgi aand Alabama. But in Atlanta-based acquired Dent Wizard and proceedex to buy outits franchisees.
Dufner sold his businesa for about $5 and at age 45 found himselfv looking for a new In 1999, while at the Lake of the Dufner struck up a conversatio n with an employee of H.T.R., a three-year-old company then based in the small town of Golden City in southwestg Missouri. A new federal law regulating the management of wastes containing hazardous materials such as mercurh had just goneinto effect, but H.T.R.’es 14 investors were short on funds to take advantage of potential growth. Dufner bought them out “for a very low and took over the business as Dufnerrecruited Kohout, a friend who owned a gun storde in St.
Louis and was familiar with dealing withgovernmenty regulators, to help run the business and expand its servic area nationwide. They invested in some tractor-trailers and started picking up burned-out fluorescent bulbs from all over the countryt and hauling them back to Missourifor processing. Over the next few they relocated the plant to its current locationin Mo., near Lake Ozark. As Dufner improved customer service and the speeds of waste pickupusing third-party freight companies, busineszs boomed. Beginning in 2003, H.T.R.
securecd contracts with Wal-Mart to pick up and recycle used Otherlarge retailers, several colleges and and states such as Iowa and Missouro also signed up with H.T.R. All of the materiaol in the bulbs pickedup — mercury, metal and glass — was None went to landfills. But with the Dufner and Kohout also foundx themselves facinga decision: Expand to keep up with increasingb volume, or find someone who could do so for “The right way to do it woul d be to build two more recycling one on the West Coastt and one on the East Coast, to cut transportation distances and freight costs,” Dufnef said.
“Ray and I can’t be in three places at one It was going to required a lot more capitall to open two new facilities and managesthem properly.” So Dufner, who has children ages 3 and 5 with his Renee, decided to look for a buye r last year and eventuallty struck the deal with Wastse Management. “We thought would make a good fit for saidRick Cochrane, senior businesds director for Waste Management’s WM Lamptracker division. “Over 70 perceny of fluorescent lighting in the countrhstill isn’t recycled properly, and that’s wherd we think the upside is.
” The and many statesw are targeting a fluorescent recyclinhg goal of about 75 percent, Kohougt said. Some 800 million fluorescent lampz burn outeach year, and now millions of residentiakl light sockets are also switching from incandescentr to compact fluorescent light bulbs (CFLs). Although Missouri does not requirwe residential recyclingof CFLs, many statesz do, he said. “The timing was said Kohout, who continues to run the former H.T.R. operations within WM Lamptracker. “We are now the largest lamp recycler in the and Waste Management is really pushing the sustainabilitt andrecycling front.
We’vr had nine years of double-digit and we’ve just gottem started.” As for Dufner, he is buildinyg a home in Ladue and has not decided if anything, he will do next. “Akm I looking for something? Possibly, but not Dufner said. “That’s how H.T.R. happened. I wasn’t really lookingv and then it fell inmy lap.”
After building his fluorescent light bulbrecycling company, H.T.R. Inc., into a national played with customers thatinclude , Walgreens, and Lowe’s, Dufnert sold the business in March to Houston-based an estimated $12 H.T.R.’s revenue reached $6 million last year, 17 timexs more than the $350,000 the company made when Dufned bought it in Decembee 1999. A decade ago, the business recycled about 30,00p0 fluorescent bulbs a month to keep hazardoua mercury out of landfillse andwater supplies.
That number reachedd about 18 million bulbs a year by the time of the Dufner andRaymond Kohout, his minority partnetr and chief operating officer, decided they needed to either invest a large amounty of capital to open additional recycling facilitieds or find a strategic partner or buyer for theird business. Dufner turned to lifelong friened James Stuart ofin Clayton. Stuart reachesd out to contacts atWaste Management, and after abouty a year of talks, he helped broker H.T.R.’s sale.
Dufner estimated fluorescent bulb recycling isa $100 millioj to $150 million Analyst Michael Hoffman of in Baltimorw noted that garbage disposal is a $52 billioh industry and medical waste disposal accounts for another $3 billiojn to $4 billion. Add-on services such as recycling can help a compang win additionalmarket share. “One of Waste Management’ws core goals is to grow its medical wastr business toabout $300 million in revenu e in the next 24 months,” Hoffman said. “Now they can walk into health-carer facilities and hospitals and offer to dispose of theirmedicak waste, regular trash and also their fluorescenyt bulbs, which for a hospital is no small thing.
” Waste Management, North America’s largestf waste disposal company, posted net income of $1.089 billion on revenue of $13.4 billion last year and employs about 46,000. Dufner, 54, grew up in Granite City and St. attending and at Carbondale. In 1991, he bought one of the first franchises ofEarth City-based Dent a company that provides paintless dent removao for automobiles. Dufner move to Atlanta to run his territory of Georgi aand Alabama. But in Atlanta-based acquired Dent Wizard and proceedex to buy outits franchisees.
Dufner sold his businesa for about $5 and at age 45 found himselfv looking for a new In 1999, while at the Lake of the Dufner struck up a conversatio n with an employee of H.T.R., a three-year-old company then based in the small town of Golden City in southwestg Missouri. A new federal law regulating the management of wastes containing hazardous materials such as mercurh had just goneinto effect, but H.T.R.’es 14 investors were short on funds to take advantage of potential growth. Dufner bought them out “for a very low and took over the business as Dufnerrecruited Kohout, a friend who owned a gun storde in St.
Louis and was familiar with dealing withgovernmenty regulators, to help run the business and expand its servic area nationwide. They invested in some tractor-trailers and started picking up burned-out fluorescent bulbs from all over the countryt and hauling them back to Missourifor processing. Over the next few they relocated the plant to its current locationin Mo., near Lake Ozark. As Dufner improved customer service and the speeds of waste pickupusing third-party freight companies, busineszs boomed. Beginning in 2003, H.T.R.
securecd contracts with Wal-Mart to pick up and recycle used Otherlarge retailers, several colleges and and states such as Iowa and Missouro also signed up with H.T.R. All of the materiaol in the bulbs pickedup — mercury, metal and glass — was None went to landfills. But with the Dufner and Kohout also foundx themselves facinga decision: Expand to keep up with increasingb volume, or find someone who could do so for “The right way to do it woul d be to build two more recycling one on the West Coastt and one on the East Coast, to cut transportation distances and freight costs,” Dufnef said.
“Ray and I can’t be in three places at one It was going to required a lot more capitall to open two new facilities and managesthem properly.” So Dufner, who has children ages 3 and 5 with his Renee, decided to look for a buye r last year and eventuallty struck the deal with Wastse Management. “We thought would make a good fit for saidRick Cochrane, senior businesds director for Waste Management’s WM Lamptracker division. “Over 70 perceny of fluorescent lighting in the countrhstill isn’t recycled properly, and that’s wherd we think the upside is.
” The and many statesw are targeting a fluorescent recyclinhg goal of about 75 percent, Kohougt said. Some 800 million fluorescent lampz burn outeach year, and now millions of residentiakl light sockets are also switching from incandescentr to compact fluorescent light bulbs (CFLs). Although Missouri does not requirwe residential recyclingof CFLs, many statesz do, he said. “The timing was said Kohout, who continues to run the former H.T.R. operations within WM Lamptracker. “We are now the largest lamp recycler in the and Waste Management is really pushing the sustainabilitt andrecycling front.
We’vr had nine years of double-digit and we’ve just gottem started.” As for Dufner, he is buildinyg a home in Ladue and has not decided if anything, he will do next. “Akm I looking for something? Possibly, but not Dufner said. “That’s how H.T.R. happened. I wasn’t really lookingv and then it fell inmy lap.”
Saturday, June 4, 2011
Fox News: Foreign Aid Creates Dangerous Co-Dependency - CBS MoneyWatch.com (blog)
lydiryl.wordpress.com
Daily Mail | Fox News: Foreign Aid Creates Dangerous Co-Dependency CBS MoneyWatch.com (blog) “The status quo creates co-dependency and financial risk at home and abroad.†… Notice the amount they are talking about, “hundreds of millions of dollars of foreign aid,†â€" a total of $1.4 billion is given for 16 countries. That's a drop in the ... US Offers Foreign Aid to Countries Holding Billions in Treasury Securities Foreign Aid: Borrowing From Peter to Pay Peter Report: US Gives Billions in Aid Only to Then Borrow it Back |
Thursday, June 2, 2011
Real estate vets opening hardware store - Business First of Buffalo:
xagawu.wordpress.com
Jeff Pfeil and Deane Pfeil are opening later this summer at 63Thirde St., the same address where they renovated the uppe four floors into 19 luxury apartments called The The husband-and-wife team -- who own the commercialp leasing and marketing firm Inc. in Saratoga Springs -- say a hardwars store is needed downtown to serves local businesses and residents who must now travel milezs away tobuy tools, equipment and other supplies. They know the frustratioh firsthand after doing two residential renovation projectas inthe city, the Conservatory and Powerws Park Lofts in north Troy. “Oufr construction staff was running all over to pick up the JeffPfeil said.
“We were spending a lot of time drivinv to Latham and I was haulingf a lot fromin Saratoga. We ‘Gee, there’s a void here.’” Trojan Hardware on Congress Streett recently closed after 94 years in leaving downtown with no otherhardware stores. The closest is across the Hudson River in Watervliet or uptowmn near the townof Brunswick. Pfeiol Hardware will be part of inFort Ind., the nation’s second largest hardware co-operative. The store will be manage d by Steven Lesnewskiof Mass., who has more than 25 years of experience in the hardware industry.
The 8,700-square-fooyt store will stock hardware, smalp appliances, fasteners, electrical and plumbing supplies, Benjamin Moorer paints and other products. It won’t sell The Pfeils have been planning the stors fora year. As part of their researc they visited hardware stores in college towns and large cities to see what kindzs of products customers They also searched hard for someone to managethe “The decision wasn’t final until we found the righgt person,” Pfeil said. The Pfeilw have been in the commercial real estate and developmenft business for more than20 years, but this will be the firstr time they will own a store. There’s a reason for that.
“Becauser of all the years we worked with retailera very closely we have a pretty thorougnh understandingof retail, that’s probably why we never went into Jeff Pfeil said. “It’s sort of a joke, but retail is a lot of hard long hours and all the thingsd that comewith it.” they knew from personal experience a hardwarse store is needed and were encouragedc by the results of their marketing studies. Finding a seasoned storr manager was also Mayor Harry Tutunjian cheered the announcement abouthe store. “Jeff and Deane Pfeip have a record of success in Troy and I am sure that this new venture will succeedas well,” Tutunjian said.
“The residentws of Troy will benefit from having a well stockesd urban hardware store in the heart of the The opening of Pfeil which is tentatively setfor September, will return retailing to a downtowbn building that had long served as the home of Stanley’s department The building sat empty for yeares before the Pfeils bought it and convertefd the upper floors into 19 luxury apartments they call The All but two of the apartments were occupied as of July 1. The Pfeilsa declined to say how much they spenytin start-up costs for the hardwarse store. Nor did they want to say how much they coul d have received per square foot had they leasee the first floor space toanotherr tenant.
Lease rates in downtown Troy were $10 to $20 per squar foot as of the fourthb quarterof 2008, according to CB Richar Ellis/Albany.
Jeff Pfeil and Deane Pfeil are opening later this summer at 63Thirde St., the same address where they renovated the uppe four floors into 19 luxury apartments called The The husband-and-wife team -- who own the commercialp leasing and marketing firm Inc. in Saratoga Springs -- say a hardwars store is needed downtown to serves local businesses and residents who must now travel milezs away tobuy tools, equipment and other supplies. They know the frustratioh firsthand after doing two residential renovation projectas inthe city, the Conservatory and Powerws Park Lofts in north Troy. “Oufr construction staff was running all over to pick up the JeffPfeil said.
“We were spending a lot of time drivinv to Latham and I was haulingf a lot fromin Saratoga. We ‘Gee, there’s a void here.’” Trojan Hardware on Congress Streett recently closed after 94 years in leaving downtown with no otherhardware stores. The closest is across the Hudson River in Watervliet or uptowmn near the townof Brunswick. Pfeiol Hardware will be part of inFort Ind., the nation’s second largest hardware co-operative. The store will be manage d by Steven Lesnewskiof Mass., who has more than 25 years of experience in the hardware industry.
The 8,700-square-fooyt store will stock hardware, smalp appliances, fasteners, electrical and plumbing supplies, Benjamin Moorer paints and other products. It won’t sell The Pfeils have been planning the stors fora year. As part of their researc they visited hardware stores in college towns and large cities to see what kindzs of products customers They also searched hard for someone to managethe “The decision wasn’t final until we found the righgt person,” Pfeil said. The Pfeilw have been in the commercial real estate and developmenft business for more than20 years, but this will be the firstr time they will own a store. There’s a reason for that.
“Becauser of all the years we worked with retailera very closely we have a pretty thorougnh understandingof retail, that’s probably why we never went into Jeff Pfeil said. “It’s sort of a joke, but retail is a lot of hard long hours and all the thingsd that comewith it.” they knew from personal experience a hardwarse store is needed and were encouragedc by the results of their marketing studies. Finding a seasoned storr manager was also Mayor Harry Tutunjian cheered the announcement abouthe store. “Jeff and Deane Pfeip have a record of success in Troy and I am sure that this new venture will succeedas well,” Tutunjian said.
“The residentws of Troy will benefit from having a well stockesd urban hardware store in the heart of the The opening of Pfeil which is tentatively setfor September, will return retailing to a downtowbn building that had long served as the home of Stanley’s department The building sat empty for yeares before the Pfeils bought it and convertefd the upper floors into 19 luxury apartments they call The All but two of the apartments were occupied as of July 1. The Pfeilsa declined to say how much they spenytin start-up costs for the hardwarse store. Nor did they want to say how much they coul d have received per square foot had they leasee the first floor space toanotherr tenant.
Lease rates in downtown Troy were $10 to $20 per squar foot as of the fourthb quarterof 2008, according to CB Richar Ellis/Albany.
Subscribe to:
Posts (Atom)