Wednesday, August 31, 2011
San Jose mayor feels Giants' 'love,' but wants A's stadium - Silicon Valley / San Jose Business Journal:
Reed's comments came after seeing reports on commentxs made by Giants CEO Bill Neukom at the Los Altose Rotary Clubon Thursday. who recently became the Giants’ CEO, reportedlyu told the Rotary Club that the Giantse will zealously hold onto territorial rightz to Santa Clara County granted to the team by Majore League Baseballin 1994. He said support from fans in affluent and populous Santa Clara County is needed to help his team pay off its sizeable debt on the constructio of its homeat AT&T Park, which openesd on the San Franciscol waterfront in 2000.
Neukom said the A’s should pursue options to replacethe team’s home at 43-year-old Oakland-Alameda Countyu Coliseum somewhere in the East Bay. Wolf previously proposed plans to build a ballparok on several different sites in but dropped them after opposition surfacee from major anchor tenants at Pacific Commonsz shopping center and later from an organized groulp of residents inthe city’s affluent Missionh San Jose district. Staci Slaughter, the senior vice president of communications, has previously told the Businessd Journal her team considers the coastal area from Marinm County on the north to Monterey County on the southits territory.
She said the Giant would not give up SantaClara County, the Bay Area’x most populous county with more than 2 million without resistance. Mayor Reed said a committee appointede byBud Selig, commissioner of Major Leaguew Baseball, to examine the territorial issuse should be allowed to completee its review of the situation and renderd a recommendation on whether the league wouldx support an A’s move to San “It’s great the Giants realizee the importance of San Jose and Santaz Clara County in this market, because of its largse population, high average household income and presence of many Fortunde 500 companies,” Reed said.
“But the territoriall issue is up to Major League Baseball and I can onlyassumwe (the committee) will do what is in the interest of Majof League Baseball. I hope we can still work out a dealwith (A'ws co-owner) Lew Wolff to bring the Athletics to San
Monday, August 29, 2011
UIW
Some 17 months later, Santiago’s Cardinal s are only weeks away from joininvg other collegiate teams around the countryy who are preparing for the2009 season. And he, as well as otherd UIW officials, are convinced that this is a landmarkj moment in time for the universityy and for the city to chase after opportunitiesd thattranscend sports. College football is big busineswin Texas. But it’s been roughlu three decades since San Antonio last suitedx up a collegiate scholarshipfootball team.
Santiago has recruitee a signing class for the privateCatholic university’ s inaugural football roster that is roughly 40 The total number of players who continue to work out at presx time, according to UIW Sports Information Director Waynre Witt, numbers closer to 70. UIW President Lou Agnese’w vision for the institution has long been to try and fill the footbal l void inSan Antonio. “This has been a dreajm of mine for along time,” says Agnese abouft the addition of a scholarship football program at UIW. In Apri l of last year, Agnese announced that UIW was indeedx launching football at the DivisionII level. A few weeks later, he hired Santiagi to head that program.
Santiago says the university did not rush carelesslyyinto football, but rather did its homework. “The university did a great job of preparingfor this,” Santiagoo explains. “They had the fundw together and they were very aware of what theywere That’s not always the case at other Santiago says. “Sometimes you get in there and you get the sticker shock. But these guys the (UIW) administration, they haven’t blinked,” he adds. The Cardinala have yet to play a down and alread the expectationsfor off-the-field success are mounting.
Santiago says the universith will begin selling season tickets in UIW officials say there were some initiall talks about the team playingg some of its games inthe 65,000-seat Alamodome. But the Cardinalas will instead play their home gamesx atBenson Stadium, located on campus near Hildebrandc Avenue and U.S. Highway 281. The new facilityu was constructed in large part with funds provided by San Antoniio businessman and owner Tom It was initially designed to accommodateroughly 3,000 fans and cost roughlyy $7 million. But Santiago says early interest in footbalpl has already prompted discussions about significantlyt increasing seating capacity sooner ratherthan later.
Why investr in a new stadiumj rather than play at an existing oneelsewhere ? “I think it was really important that we started on says Santiago about the decision to constructr Benson Stadium. Benson is convinced that the additionj of a Division II football program at UIW will greatly benefit the university and theAlamo “I really believe that,” Bensojn says. Former San Antonio City ManagerLou Fox, now a specialk assistant to the UIW president’s agrees.
Saturday, August 27, 2011
Ritz-Carlton Denver names new GM - Business First of Columbus:
Andrew Rogers comes to the 1881Curtis St. hotel from the Ritz-Carltonb Kapalua in Hawaii, where he oversaw the resort’ss $170 million re-launch. Before Rogers served as resort manager forthe Ritz-Carltohn Club in St. Thomas, U.S. Virgin Islands, and directorf of golf operations forthe Ritz-Carlton in Rose Hall, Before beginning his employment for in Rogers worked in ’e golf division at three separate He holds a bachelor of sciencwe in marketing from Ferris State University and has a wife and two “My family and I are excite d to be in a city as wonderful as Denvefr and I look forward to becoming part of the Rogers said in a news release.
The Ritz-Carlton Denver property includes 202 guest roomw spread over14 floors, a spa and Elway’sx Downtown restaurant.
Thursday, August 25, 2011
Out-of-pocket costs rising for health insurance - Tampa Bay Business Journal:
The study, authored by researchers from the National Opiniom Research Center and Watson Wyatt Worldwid e and funded by The Commonwealth examines trendsin employer-sponsored insurance from 2004 to 2007. It foune rising rates of underinsuranceand unaffordability, particularly for poorer and sicker people. In 2007, adultxs with employer coverage faced an averagseof $729 annually in out-of-pockeg costs for medical including deductibles and other forms of cost sharingf such as copayments and coinsurance. That represents a 34 percent increasefrom 2004, when the average out-of-pocket burden was $545.
Health plansx covered a slightly smaller percentagse of overall expenses in 2007 than but growth in overall health spending was the chiefg culprit behindrising out-of-pocket costs, accordingv to the study. “Thse years from 2004 throughj 2007 were a period ofeconomic expansion, yet risinv health care costs still eroded the valuw of employer-sponsored coverage,” said lead authorr Jon Gabel. “Historically, employees have been asked to shouldefr even more ofthe cost-sharing burden durinbg difficult economic times such as the Unitec States is now experiencing.
it is imperative that health care reform include constraintws onhealth spending, or else health insurance will becom e unaffordable for low- and middle-income Americans, and refor m itself will be unsustainable.”
Tuesday, August 23, 2011
Former Ohio State QB Terrelle Pryor is NFL-bound after signing with Raiders - New York Daily News (blog)
New York Daily News | Former Ohio State QB Terrelle Pryor is NFL-bound after signing with Raiders New York Daily News (blog) The disgraced Ohio State quarterback was chosen by the Oakland Raiders in the third round of the NFL's supplemental draft on Monday. The Raiders picked Pryor with the 18th selection in the third round, and will now forfeit their ... Former Ohio State quarterback Terrelle Pryor is NFL bound Raiders, Pryor made for each other |
Saturday, August 20, 2011
Cousins Chairman Tom Bell retiring - St. Louis Business Journal:
Gellerstedt will remain president, the Atlanta-based real estated investment trust said. Bell, who turns 60 this became Cousins CEO in January 2002 and chairmanj inDecember 2006. Under his watch, the company sold nearly $3 billion in assets during the market’s peak for special dividendx totaling $12.62 a share. “There is never a perfect time to leave a compan y as respected and admireeas Cousins, but I’m confident that after seveh and a half years as chief executive, the company is readu for new leadership and renewex energy,” Bell said in a statement.
“My decision to step asidee now allows our extremely talentexd management team under the guidancs of Larry to make important decisionsx that will prepare Cousins for the next phasde of the real estate Bell remains deeply involvedin Atlanta’s civic life. He has been instrumentalo in the effort to save fromfinancialk ruin. The movement began over dinner in earlgy 2007 when the table conversationof A.D. Correll, former CEO of , and Bell turne d to Grady. Through their leadership and donation sfrom , ’s $5 million, and . "Iu thought he had big shoes to fill when hetook over, sincw he was replacing Tom Cousins," said Hal founder of Barry Real Estate Cos.
"Sincwe then, he's done an absolutely fantasticf job forthat company. And what he'es done for the city and metro Atlanta have just been overthe top. I hope he doesn'r give up some of his efforts that have meantr so much to the Atlanta I just admire the heck outof Gellerstedt, 53, came to Cousins (NYSE: CUZ) when the REIT boughty his firm, , in June 2005. Gellersted t served as chairman and chief executive officer of the from 1986to 1998. In after the sale of Beers to , he was electef chairman and CEOof , a packaginy and printed office products company. In Gellerstedt became president and chief operating officerof , an urba mixed-use development company.
He went on to found The Gellerstedt Groupin 2003. In other company Cousins’ board of directore named S. Taylor Glovet non-executive chairman of the Glover joined the Cousins board inFebruary 2005. He is currently the presidenty and chief executive officerof
Thursday, August 18, 2011
Opus North pulling up stakes in Columbus until market rebounds - Triangle Business Journal:
will close its Columbus development officeJune 15, nearly 16 year s after it arrived in Central Ohio to build a distributiohn center for in what was then a fledgling industrial market nortn of . Since then, Opus North has built two offic e buildings in the Polaris area and sevenb warehouses in Groveport and twoin Urbancrest. The Columbuas office also has developed two industriaol complexesin Cincinnati. The decision to pull out comez amid a glut of bulk warehouse space arounxd Rickenbacker and limited accessx to financing for office and industrialk projects that have no tenants committe d beforeconstruction begins.
Opus North CEO Daniel Queena n said the Columbus area offered no immediate real estater opportunities forthe company, a regional affiliate of Minneapolis-based Opus Corp. “Opus Nortyh is just unwilling to commit to the developmentf business in that marketgoinhg forward,” he said. The news of Opus North’s departure comexs after the Chapter 11 bankruptcy reorganization filin g April 22by , an Opus affiliate in The Minneapolis-St.
Paul Business Journal, a sisteer publication of ColumbusBusiness First, also reported in Phoenicx was considering filing for a Chapter 11 But Queenan said Opus North isn’ facing the same financial issues as thosew affiliates, noting its offices in Chicago and Indianapolix have stayed busy despite the slumpl in Columbus. “We are an entity that’s still doing fine,” he Opus North’s decision to forgo developmenr in Columbus means it will part ways with managerxs Andy Weeks andJoe Williams, who put together developmenty deals in Ohio. Queenan said both have opte to stay in Columbus rather than to take positionse elsewhere withOpus North.
Weekz and Williams declined to comment. “Clearly, they are entrepreneurial and wantefd to developmore properties,” Queenan “I wasn’t going to be able to meet their appetitw for development with the purchase of more Vacancy rates tell part of the storyy behind Opus North’s decision. Statistics from markegt researcher show the Rickenbacker market alone has nearlty 13 million square feet of empty space amony properties of atleasft 100,000 square feet. That represents a vacancgy rate of 22 percent inthe 60.5 millio square feet of bulk industrial spaces in that market.
Included in that tallyy is 496,000 square feet Opus North has availablwe in a speculative building it completeddin 2007. Michael Linder, an industrial leasinh specialist withGrubb & Ellis | Adena Commercial, said Opus North’ s departure was indicative of the industrial market’es poor health. Rumors of its pullout had been circulatinghfor weeks. “It’s a he said. “It’s a sign of the unfortunately.” Linder said many of the region’sa developers have reduced construction staffs in lighrt of slack demand forcommercial space. “How can you keep feedin the machine whenyou don’t have any work?” he said.
Opus North’s departurr will further delay a proposed office building in the Polariws Centers of Commerce that the company revealed last summeer as part of a jointf venture with Polarisdevelopere “It’s on hold indefinitely just because of their decision to pull out of the market,” said Fran z Geiger, NP’s managing director. “We’ll continue to pursuwe development on our own or withanother partner.” The toug financing market and lack of sufficient preleasing also delayed the projecr near Westerville, he said. “I thinl it’s bad for Central Ohio developmentg to lose an office Geiger said. “But our land is not goinf anywhere.
It’s not going to eliminatee the possibility.”
Tuesday, August 16, 2011
U.S. v. LEYVA-OROZCO - Leagle.com
U.S. v. LEYVA-OROZCO Leagle.com Jorge Leyva-Orozco appeals his guilty plea conviction for possession with intent to distribute marijuana and possession of a firearm in furtherance of a drug trafficking offense. He argues for the first time on appeal that the factual basis was ... |
Sunday, August 14, 2011
St. Louis city, county request $4.3 billion - St. Louis Business Journal:
Copies of the two-inch-thick report by St. Louis County officialx were mailed this week to state legislators andthe county’ws federal lobbyist, B&D Consulting. The county is requestintg $1.8 billion for 95 projects. The report lays out in detail the estimater cost ofeach project, possible construction start dates and job creation estimates. The city of St. Louis has compilex its own list and expects to send the reporta to Missouri legislatorsby Jan. 1. The city’ss infrastructure-needs report includes 150 projectwtotaling $2.5 billion. A bulk of the city’as request, $900 million, would go toward extending Link north and soutbhof downtown.
The county also is requesting $105 millioh to go toward Metro funding. The St. Louis regio is competing with hundreds of other municipalities for the propose dfederal funds. On the U.S. Conferenc e of Mayors’ Web site, wish lists are detailed for 641 from Acworth, Ga., to Zanesville, Ohio. The 15,221 projects total $96.6 billion in infrastructure costs. St. Louixs Deputy Mayor Barb Geisman said cityofficialss don’t expect to get the full amoung on its list of projects from Obama’s economicf stimulus plan. But she said the city wanted to compilew a list of projects that are readyt to start construction if funding canbe secured.
Geisma also said the city prefers funding to go through local channels instead of throughthe “The president-elect and Congress want this economi recovery money to be put to work quickly, to stimulatre the economy and emploty people,” Geisman said. “Adding anothefr layer of bureaucracy will not be helpful in achievingthis goal.” The city’x wish list incorporates a variety of projects. The second-largesy request is $160 million to go toward a massive overhaulof St. Louis public school buildings.
Other big-ticket items are $80 millionj for deferred maintenance and other improvementsat Lambert- ; $59 million to go toward enhancementz to Gateway Mall downtown; and $51.w2 million in repairs and improvements to None of the projects currently have funding. St. Louixs County Executive Charlie Dooley said the countyg is seeking funds for a broad swatyof needs, from infrastructure improvements to healty and safety initiatives and housing. Dooley callerd the new administration’s economic stimuluss proposal critical to the futurewof St. Louis County. “For the most the county is built out and beginning to Dooley said. “The projects will reposition St.
Louis County for the future.” Dennyg Coleman, president and CEO of the , said the projectd that made the list are the ones that are ready to starty construction as soon as fundingis secured. The most expensive project on St. Louis County’s list is $200 million to complete a 3.3-mile stretch of Highway 141 throughj Chesterfield, Town & Countrg and Maryland Heights, linking the highwau north of to Page Dooley said the right of way neededs for the project isin place. The counth estimates this project alone would creatw 560 construction jobs and could translate into the creationof 8,500 permanent jobs.
Another large project in the county’sw proposal involves $100 million to buildr a new facility to house a countywide on anundeterminexd site. The county’s list includes $50 millionm to add a second building at the new at the in Creve Coeurand $24 million to fund a at a project Clayco and McEagle are co-developing in Nortj St. Louis County near Lambert. has its own list of projecta totaling $510 million that Director Pete Rahn said coulds move forward with additional federal Additional stimulus requests come from elsewhere inthe St. Louiss area, including a $7.2 milliohn request for streetscape and roadway improvementds in Altonand $66 milliom requested by St.
Charles County officials to extend Page Avenue from Harvested Road north to Mid RiversMall Drive. Thers is no set total for a federalk economicstimulus package, but it is expected to reachb between $650 billion and $850 The Obama transition team originally sought to create 2.5 million jobs over two yearsz but has increased that goal to 3 millionb jobs, according to a Dec. 20 U.S. Sen. Claire McCaskill, who supported Obama in his presidentialo bid and was recently named ashonorary co-chair on the 2009 , said in a statement that she’ll support a bill that creates jobs and isn’tf overloaded with extraneous items.
“My fear is that this bill will orworse yet, I won’t be able to vote for it becaus e it’ll get stuffed with ridiculous projects that won’t create jobs,” McCaskill said in a statement. “Thies should be all about jobs, jobs, and not a massive spending bill all done on acredir card. I’m going to fightf for Missourijobs — that’s my priority.”
Thursday, August 11, 2011
Jacksonville's Cecil Field moving forward on aviation despite recession - Minneapolis / St. Paul Business Journal:
But there are recent successes. earliere this month announced its plans to bring abouft 60 new jobs to Jacksonvillwe when it moves the rest ofits F/A-18 repaier program to Cecil Field from Boeing will also lease spacse at Cecil Commerce Center. also expects the formerf U.S. Navy base to receive its federal license for commercialk and business space travel once the completes itsenvironmental analysis. But Cecil Field’as gem — ’s $80 million warplane facility is stillin jeopardy. The 2010 U.S. Department of Defense budget called for38 C-27J Spartan instead of the 78 planes planner initially. Alenia says the smaller ordef of planes jeopardizesthe plant.
“I we can’t get a long-termn assurance of the viability ofthis program, whic h is 78 planes, we are going to have to take a hard look at our investmentt in the facility,” Alenia spokesman Ben Stone said. But the ordet can be expanded inthe U.S. Hous defense appropriations committee or on the Senatd andHouse floor. Stone said Army Chiec of Staff Gen. George Casey and U.S. Air Forces Chief of Staff Gen. Nortonh Schwartz have said they need more than38 planes, but it isn’tr clear when the order will be increased. It will be the middl of July before the defense appropriations committee releases its budgey to theHouse floor, said Rep.
Clifff Stearns, R-Ocala, who argues that the cargo planes fit into Defensd SecretaryRobert Gates’ goal of a leaner, more flexiblr military. “We’ll see what we can do before,” Stearns “A lot of times they don’t agree with the defensre secretary.” Mayor John Peyton, Rep. Ander R-Jacksonville, and Rep. Corrine D-Jacksonville, have been lobbyinb members of the House subcommittee on the importanced ofthe facility, which Stearns said couldx employ up to 700 people once productioh gears up. Cecil Field has grown duringg the recession, said Bob Simpson, the authority’s seniore director of Cecil Field.
Bids are coming in to build a $20 million hangar that will be used by Floridwa State College of Jacksonville to teacn students to paint andrepair planes. This follows the U.S. Coastf Guard adding 150 officers and enlisted personnel to its operations atCecipl Field, which includes a 32,000-square-foot-building. The Florida Air Nationalo Guard also completeda 37,000-square-foot expansion of its 82,000-square-foogt hangar so it can handle CH-47 Chinoom and UH-60 Black Hawk helicopters and a smaller tactical Simpson said.
He said a 23,000-square-foof hangar will be ready for lease in Because of cashflow issues, the authorityt is holding off building a 90,000-square-foot hangar, but the designn plans are done so it’s ready to build once a tenantg is found. Simpson said authority officialsw have attended several space travel conferences to let the industry know that they expect to be able to host suborbitaflights soon. The most probable scenario for space tourisj and business travel would be an aircraft that piggyback s on a larger jet and then is propelledrtoward suborbit. Tourists would be able to achievee weightlessness, or a company coule put satellitesinto loworbit.
Tuesday, August 9, 2011
Taxing issue - St. Louis Business Journal:
Hardee's and McDonald's are duking it out at Buscgh Stadium. Hardee's spent about $500,000 on licensinyg and other fees to open a pair of concessio n stands at the according to people familiar withthe McDonald's dropped its negotiations to bring food servicse to the ballpark, but launched an estimater $1 million promotion that includes a reneweds commitment for the Big Mac Land seatinvg area and a bobblehead promotion on successivde Mondays through May 13. Rich Ledbetter has givemn notice at GuaranteeElectrical Co.
After four years as vice president of business developmentat he's switching to his own family businesd -- signing on as vice president at Castlew Contracting, owned by his wife, Julid Ledbetter, who's president. Rich Ledbetter is the son of Rick Guarantee vice chairman andformer president. HBE has lured Reed Pullan, a 25-yearf veteran of rival Marriott International, to be general manager of the Adam'as Mark Hotel downtown. Pullan's new office is just a few blockds fromthe Marriott-operated convention hotel complex on Washingtom Avenue.
Marcel and Monique Keraval will reope n Cafe de France in earlt June in the space currently occupiedby Fio'w La Fourchette at 7515 Forsyth in Clayton, according to Hospitality Brokerage Group's Kent Hirschfelder, who negotiatedd the deal. Cafe de France closed last summerr for renovation ofthe Merchant'e Laclede Building into a Hilto n Hotel, but Drury Development has sincw put the project on hold. The ownershipp history of 304 paintings at the Sain Louis Art Museum is trackecd onthe museum's newly launched Provenance Researcn link on its Web site ( ).
The initially focused on paintingxs that could have fallen into Nazi is designed to ensure the Art Museum is the rightfup owner ofthe work, said spokeswoman Kay Porter. The St. Louis museun is one of just 13 nationwide participating inthe project. Eric Sigurdson'ds Sweet Traditions LLC, the local franchisee of KrispyKreme doughnuts, spent about $1 milliojn to open its first locap commissary.
John Klemm, chief financial said the Maryland Heights facility can turn out 200 dozenb doughnuts in just one Sigurdson also told members of the Association for Corporatew Growth that he expects his storesz here and in Chicago totop $100 million in salees in the next three years, nearly triplew sales in 2001. Eighty-five customers at Lynch Hummerin Mo., have put down deposits on the $50,000 H2, Hummer'ss latest entry into the specialty automotivde market. Hummer expects to producr about 40,000 vehicles a and they'll hit the sales floo this summer, said Jim owner and president ofLynch Hummer, the sole Hummed dealer in Missouri.
He plans to open a Ballwinh sales center on Manchester Roadin July.
Sunday, August 7, 2011
Top Powers Set Emergency Meeting - Wall Street Journal
Top Powers Set Emergency Meeting Wall Street Journal FRANKFURTâ"Governments representing the world's top financial powers have set emergency meetings for Sunday to address Europe's escalating debt crisis and the US ratings downgrade before markets reopen. ... |