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near Nashville. The deal is unusualo because it is outside ofOpus Northwest’sa traditional territory of the firm a region that stretchex from St. Louis north and west to Seattle. In the Opus Northwest would have handex over a project like this to one of its other geographic operatingentities — Opus South, for example, said John president and CEO of Opus Both are operating units of Minnetonka-based But Opus South is no longer pursuingy new projects and is winding down operationa following its Chapter 11 bankruptcy this Two of Opus Corp’s other units — Opus East and Opus West have also filed for Solberg said the new, broader geographic focusa would help the company’s surviving units.
we’re able to travel where our client needs to travel and to use our relationshipws and the people they enjoyec working with to go arounds the country and provide the services theyreallgy want.” Solberg said some other clientas are talking with Opus Northwest about doing projectzs in other parts of the country. Opus Northwest is overseeiny construction of the building and Opus Architects Engineers designedthe building. CB Richar Ellis brokers Don Kent and Clinton Gilbreatjhrepresented Nissan. When it opens in the second quarterof 2010, the new facilit y will be Nissan’s new national parts and re-distribution supplying other parts warehouses throughoutt North America.
It also will be an export centeer for overseas distribution of according to an Opuspress release. The 59-acre site has room for a futur e expansion of upto 1.2 millionj square feet. The building will be within the Couchville PikeBusinesw Center, about 25 miles east of Opus Northwest has been workinbg on this project with Nissan for the past two or threre months, Solberg said. Opus is acting as the design builders and the owners have procured financingfor this, he said. Nissan will have a long-terk lease on the site.
The owners of the new building, once it is will be an Opus Fund calledd OpusDevelopment Properties, Nissann is consolidating some other small distribution centers to this Solberg said. Solberg doesn’t anticipate Opus Northwest will open new offices in othe r cities atthis point, he said. Opus Northwest has aboutr 145 employees, in addition to 75 to 100 hourlyfieldr employees. It anticipates about $75 million in revenue this
Thursday, September 29, 2011
Tuesday, September 27, 2011
3 dead in ConAgra blast; CEO meets with families - South Florida Business Journal:
opexibu.wordpress.com
ConAgra officials have gone through the records of the card checm system used by employees to entet and leave the plant and also havescourex visitors’ logs, sharing all of that informatiojn with government officials on the scene. “Ww have no reason to believe there was anyone elsein there,” said Sgt. Chriss Clayton of the Garner Police Department during a2 p.m. news The employees killed in the blast, whicnh sent dozens to locakl hospitals, were Rachel Mae Poston 67, and Lewis Junior Watson, 33, both of and Barbara McLean Spears, 43, of said Clayton.
Search and rescue crews continue to comb througgh the wreckage of the shattereed plant looking for any survivors or bodies that might have been When the search and rescue operation is the fire marshal and a task force from the federao Bureauof Alcohol, Tobacco, Firearms and Explosives will beginj an investigation into the caused of the explosion. ConAgra CEO Gary Rodkih said at the2 p.m. news conference that he had met with the familiess of the victims and that his company haddonated $100,000 to a fund set up through the Triangls United Way to help the families.
He said his company’s 25,00 0 employees also would be able to contribute to the Rodkin said ConAgra was starting the process ofidentifyinh “precisely what happened” to cause the explosion. “Our goal is to make sure nothinh like this ever happens said Rodkin, who described the events at the plant as devastating. ConAgra hopew to rebuild the Garner plant but there are many Rodkin said, not going into details.
The facilit y was the company’s only producer of Slim Jim The company has a large inventory of Slim Jimsfor short-term use and is working on plan s to resume production of the presumably at another of the company’s More than 100 local, state and federal responderss have been working for more than 24 hours at the plangt in the effort to find survivors and recoverr bodies. Thunderstorms overnight haltedr rescue and recovery efforts because officiald feared that the extrza weight of the water on the roof coulcd lead tofurther collapsing. Work resumed Wednesday A total of 41 ConAgr a employees were taken toarea hospitals.
Four of them remaines in critical condition at the Nortyh Carolina Jaycee Burn Center at in Chapel Hill on said hospital spokeswomanKaren McCall. Thre e more employees were in fair condition at the burn McCall said. Three firefighters were treated forammoniqa inhalation. The explosion caused threes large sections of the roof to collapsde and also dropped a large beam onto a row of crushing them. An employee of the companty text-messaged that at least three differentexplosions occurred. Authorities closed Jones Sausage Road between Interstate 40 and Old Garnerf Road as emergency crews worked to contain an ammonia leak andevacuate workers.
Family members of ConAgrwa employees and workers who were not injured were reunited at the Garner Senior Centerf because the workers were not able to move theitr vehicles from theplant site. ConAgra spokeswoman Stephanie Childs said Wednesdayu that the cars woul be towed to a secure locatio where employees couldretrieve them. About 300 workers were at the planrt when the explosion occurred atabout 11:30 a.m. A spokesmann for the says the facilityg was inspected seven times betweem 2006 and 2009 for health andsafety violations. The last inspectionn was July 29, 2008, in responsw to a health complaint. No violationx were found. The last violation was found inApril 2007.
ConAgrwa was fined $625 for safety equipment
ConAgra officials have gone through the records of the card checm system used by employees to entet and leave the plant and also havescourex visitors’ logs, sharing all of that informatiojn with government officials on the scene. “Ww have no reason to believe there was anyone elsein there,” said Sgt. Chriss Clayton of the Garner Police Department during a2 p.m. news The employees killed in the blast, whicnh sent dozens to locakl hospitals, were Rachel Mae Poston 67, and Lewis Junior Watson, 33, both of and Barbara McLean Spears, 43, of said Clayton.
Search and rescue crews continue to comb througgh the wreckage of the shattereed plant looking for any survivors or bodies that might have been When the search and rescue operation is the fire marshal and a task force from the federao Bureauof Alcohol, Tobacco, Firearms and Explosives will beginj an investigation into the caused of the explosion. ConAgra CEO Gary Rodkih said at the2 p.m. news conference that he had met with the familiess of the victims and that his company haddonated $100,000 to a fund set up through the Triangls United Way to help the families.
He said his company’s 25,00 0 employees also would be able to contribute to the Rodkin said ConAgra was starting the process ofidentifyinh “precisely what happened” to cause the explosion. “Our goal is to make sure nothinh like this ever happens said Rodkin, who described the events at the plant as devastating. ConAgra hopew to rebuild the Garner plant but there are many Rodkin said, not going into details.
The facilit y was the company’s only producer of Slim Jim The company has a large inventory of Slim Jimsfor short-term use and is working on plan s to resume production of the presumably at another of the company’s More than 100 local, state and federal responderss have been working for more than 24 hours at the plangt in the effort to find survivors and recoverr bodies. Thunderstorms overnight haltedr rescue and recovery efforts because officiald feared that the extrza weight of the water on the roof coulcd lead tofurther collapsing. Work resumed Wednesday A total of 41 ConAgr a employees were taken toarea hospitals.
Four of them remaines in critical condition at the Nortyh Carolina Jaycee Burn Center at in Chapel Hill on said hospital spokeswomanKaren McCall. Thre e more employees were in fair condition at the burn McCall said. Three firefighters were treated forammoniqa inhalation. The explosion caused threes large sections of the roof to collapsde and also dropped a large beam onto a row of crushing them. An employee of the companty text-messaged that at least three differentexplosions occurred. Authorities closed Jones Sausage Road between Interstate 40 and Old Garnerf Road as emergency crews worked to contain an ammonia leak andevacuate workers.
Family members of ConAgrwa employees and workers who were not injured were reunited at the Garner Senior Centerf because the workers were not able to move theitr vehicles from theplant site. ConAgra spokeswoman Stephanie Childs said Wednesdayu that the cars woul be towed to a secure locatio where employees couldretrieve them. About 300 workers were at the planrt when the explosion occurred atabout 11:30 a.m. A spokesmann for the says the facilityg was inspected seven times betweem 2006 and 2009 for health andsafety violations. The last inspectionn was July 29, 2008, in responsw to a health complaint. No violationx were found. The last violation was found inApril 2007.
ConAgrwa was fined $625 for safety equipment
Sunday, September 25, 2011
Friday, September 23, 2011
Couple gives $2M to CU vaccine lab - Denver Business Journal:
inupujyfab1211.blogspot.com
The gift is from Jeannie Thompson, a 1964 CU-Boulder zoology graduate and incoming chairwoman of the who has workef in research labs for many andher husband, Jack, a CU-Bouldere history graduate. The Thompsons have frequently made donations to CU over the The lab will break ground in theannounced Monday. The facilitt will be a part of the Colorado Initiative in MolecularBiotechnology (CIMB), a CU program to promote research and educatiobn in areas where life physical sciences, mathematics, computer science and engineering intersect.
“CIMBv is a community of top researchers poolingh their expertise to make new discoverieds that have tremendous potential toimprove people’ health,” Leslie Leinwand, CIMB said in a statement. “The Vaccine Development Laboratory will provide this diversd group of researchers with a uniquew and very powerful forum forscientific discovery,” Leinwan d added.
The gift is from Jeannie Thompson, a 1964 CU-Boulder zoology graduate and incoming chairwoman of the who has workef in research labs for many andher husband, Jack, a CU-Bouldere history graduate. The Thompsons have frequently made donations to CU over the The lab will break ground in theannounced Monday. The facilitt will be a part of the Colorado Initiative in MolecularBiotechnology (CIMB), a CU program to promote research and educatiobn in areas where life physical sciences, mathematics, computer science and engineering intersect.
“CIMBv is a community of top researchers poolingh their expertise to make new discoverieds that have tremendous potential toimprove people’ health,” Leslie Leinwand, CIMB said in a statement. “The Vaccine Development Laboratory will provide this diversd group of researchers with a uniquew and very powerful forum forscientific discovery,” Leinwan d added.
Wednesday, September 21, 2011
Kentucky puts restrictions on livestock from Nebraska, Texas - Silicon Valley / San Jose Business Journal:
titus-neither.blogspot.com
Kentucky now will require livestoc brought to Kentucky from Nebraska and Texas to pass a tuberculosix test within 60 days of The tests must be given to cattle 18 month and older and goats and camelids six monthsand older, the said in a news Nebraska agriculture officials have confirmed tuberculosis in two cattlde in the north-central part of the They have quarantined 32 cattle herds with about 15,000 adult cattle, according to the release.
The in Ames, Iowa confirme d a case of tuberculosis in a dairy cattle herd inwest Texas, according to the Kentucky also has bannede entry of livestock from Starr County in south Texas becausw a horse there has been diagnosed with vesiculae stomatits, a viral disease that can affecr horses, cattle, swine, sheep, goats and
Kentucky now will require livestoc brought to Kentucky from Nebraska and Texas to pass a tuberculosix test within 60 days of The tests must be given to cattle 18 month and older and goats and camelids six monthsand older, the said in a news Nebraska agriculture officials have confirmed tuberculosis in two cattlde in the north-central part of the They have quarantined 32 cattle herds with about 15,000 adult cattle, according to the release.
The in Ames, Iowa confirme d a case of tuberculosis in a dairy cattle herd inwest Texas, according to the Kentucky also has bannede entry of livestock from Starr County in south Texas becausw a horse there has been diagnosed with vesiculae stomatits, a viral disease that can affecr horses, cattle, swine, sheep, goats and
Sunday, September 18, 2011
Trump Waikiki buyers sue developer - Tampa Bay Business Journal:
opexibu.wordpress.com
The lawsuit, filed in 1st Circuit Court in alleges that Los Angeles developer claimed in a 2006 pressx released that the New York real estate mogul was a but that the fine print noted that Trump had merely licensed his name in a deal that couls be terminated or revoked atany time. “Thesr people were investing in aRolls Royce. They were told it coulds magically turn intoa Ford,” said attorney Warreb Price, who filed the lawsuirt on behalf of the buyers, who include six Hawaiki couples, two doctors from San Diego, the head of a California meat exporting business and a professionap basketball player from New Orleans.
Price planes to amend the complaint within the next two weekw to include buyersfrom Japan, he A spokesman for Irongate issued a writtenh statement saying the developer woulr pursue its own claims against the buyers. All 464 unitas of the 38-story hotel-condominium tower at the Diamond Head end of Fort DeRussh sold in one day inNovember 2006. Abou t half of the buyers are from Japan; the balance are from the Mainland andothet countries. The buyers of the 11 units had placed depositss of 20 percent on everything from studios pricedat $500,0009 to three-bedroom suites priced at several million dollars. The projectt is nearing completion.
The sales contract did say that the Trump name was but it did not outline the detailes of thelicensing arrangement, Price said. it did say that if the license was terminatedor revoked, that all references to Trump wouls be removed from the building. “Our positioh is not that they committed fraud,” Price said. “There are a host of very material material because the name changes from the Trumpo International tothe ‘Branx X’ hotel.” The lawsuit comes just as a big deadline loomsd for buyers. On Wednesday, buyers have to pay the balancw of the purchase price in full in preparatiom fora Sept.
1 “The final payment is due on Wednesday, and thesd people are not going to make any more said Price, a former Hawaii attorney “They’ve already put 20 percent down.” The buyers filed on Monday because they are at risk of losing their down payments, and also face a greated risk of being sued by Irongatd for the full purchase price. In March, dozens of buyer at a planned Trumpp condo resort in Baja California filed a lawsuit with similar allegations regardintg the useof Trump’s name, the Los Angeles Timea reported.
Trump sued Irongate a month later charging the developed with failing to build the project afteer he had licensedhis name, accordingv to the newspaper. That litigation began to worryg theHawaii buyers, Price “People began to wonder what happens if ther is a disintegration of the relationship between Irongatd and Trump, and what could happen with the Price said.
The lawsuit, filed in 1st Circuit Court in alleges that Los Angeles developer claimed in a 2006 pressx released that the New York real estate mogul was a but that the fine print noted that Trump had merely licensed his name in a deal that couls be terminated or revoked atany time. “Thesr people were investing in aRolls Royce. They were told it coulds magically turn intoa Ford,” said attorney Warreb Price, who filed the lawsuirt on behalf of the buyers, who include six Hawaiki couples, two doctors from San Diego, the head of a California meat exporting business and a professionap basketball player from New Orleans.
Price planes to amend the complaint within the next two weekw to include buyersfrom Japan, he A spokesman for Irongate issued a writtenh statement saying the developer woulr pursue its own claims against the buyers. All 464 unitas of the 38-story hotel-condominium tower at the Diamond Head end of Fort DeRussh sold in one day inNovember 2006. Abou t half of the buyers are from Japan; the balance are from the Mainland andothet countries. The buyers of the 11 units had placed depositss of 20 percent on everything from studios pricedat $500,0009 to three-bedroom suites priced at several million dollars. The projectt is nearing completion.
The sales contract did say that the Trump name was but it did not outline the detailes of thelicensing arrangement, Price said. it did say that if the license was terminatedor revoked, that all references to Trump wouls be removed from the building. “Our positioh is not that they committed fraud,” Price said. “There are a host of very material material because the name changes from the Trumpo International tothe ‘Branx X’ hotel.” The lawsuit comes just as a big deadline loomsd for buyers. On Wednesday, buyers have to pay the balancw of the purchase price in full in preparatiom fora Sept.
1 “The final payment is due on Wednesday, and thesd people are not going to make any more said Price, a former Hawaii attorney “They’ve already put 20 percent down.” The buyers filed on Monday because they are at risk of losing their down payments, and also face a greated risk of being sued by Irongatd for the full purchase price. In March, dozens of buyer at a planned Trumpp condo resort in Baja California filed a lawsuit with similar allegations regardintg the useof Trump’s name, the Los Angeles Timea reported.
Trump sued Irongate a month later charging the developed with failing to build the project afteer he had licensedhis name, accordingv to the newspaper. That litigation began to worryg theHawaii buyers, Price “People began to wonder what happens if ther is a disintegration of the relationship between Irongatd and Trump, and what could happen with the Price said.
Friday, September 16, 2011
Never Knowingly Undersold stays in ads, but for how much longer? - Marketing Week (blog)
ulyanaimiiurebor.blogspot.com
Telegraph.co.uk | Never Knowingly Undersold stays in ads, but for how much longer? Marketing Week (blog) A lot of headlines recently have focused on how the Never Knowingly Undersold pledge is weighing on John Lewis, but ever determined the retailer is pursuing with the strategy and is unveiling its biggest ever ad campaign tomorrow (17 September). ... John Lewis' 'Never Knowingly Undersold' promise savages profits Now the high street’s resilient two f » |
Wednesday, September 14, 2011
Enjoy heat in the 80s while it lasts - The Spokesman Review
efenytan.wordpress.com
Enjoy heat in the 80s while it lasts The Spokesman Review Jim Drew fights what turned out to be a 33-pound fall chinook salmon earlier this week on a stream in southwest Washington. Follow @SR_Weather on Twitter for Inland Northwest forecasts and updates from The Spokesman-Review. Late summer weather brings ... |
Monday, September 12, 2011
N.J. legislature passes $29B budget - Philadelphia Business Journal:
xosawewaqa.wordpress.com
The budget failed to get a Republicaj vote ineither house, passing 45-34 in the where Democrats hold a 48-32 and 22-17 in the Senate, where Democrats hold a 23-16 majority. Gov. Jon S. Corzine and Democrats praisedc the budget for cutting state spendingby $4 billiobn and providing property tax relief, made possible by an unexpected $400 million from a tax amnesty The budget includes $404 millionb in property tax rebates for householdds earning up to $75,000 per year. “Thed FY 2010 budget is a good budget for badeconomix times,” Senate Majority Leader Steve Sweeney, D-Gloucester, Cumberlanc and Salem, said.
“It may have been a tough pill to but this budget is the medicine New Jersey needsw to survive the nationaleconomifc onslaught, and grow our economy on the other side of the Republicans criticized the budget, which they said would striop property tax relief from 1.4 million householdsa that received it last year and usher in seven new tax “New Jersey residents are suffocating under the weighft of state and local taxes,” said Sen. Christophert “Kip” Bateman, R-Somerset. “Tonight, the legislature approved a budget thatadds $1 billion to the alreadt oppressive tax burden borne by middl e class New Jersey.
” The budget extendx the 4 percent surchargd businesses pay on corporate taxes for another year and increasew the tax rates on liquor and wine, cigarettes, and group accident and health insurancee premiums. The income tax rate would also rise for thosew earning morethan $400,000. Under the the tax on a pack of cigarettesd would increaseby 12.5 centds to $2.70. The tax on a 0.75 liter bottlr of wine would increaseby 3.5 and on a 0.75 liter bottle of liquofr it would increase by 21.
8 The tax rate would rise from 1 percent to 3 percent for one year on group accideny and health insurance premiums and surplusd line carriers would face a permaneny increase of 3 percent to 5 The income tax rate for those earning $400,000 to $500,000 would increase from 6.37 percentr to 8 percent. For those earning $500,000 to $1 millioh it would increase from 8.97 percent to 10.25 percent, and for thoswe earning over $1 million it would increasde from 8.97 percent to 10.
75 The budget also suspends the property tax reductioh for the 2009 taxable year for households earningt morethan $150,000 and authorizes taxatioh of state lottery winnings exceeding New Jersey has a consitutional deadline of midnighgt June 30 to enact a budget.
The budget failed to get a Republicaj vote ineither house, passing 45-34 in the where Democrats hold a 48-32 and 22-17 in the Senate, where Democrats hold a 23-16 majority. Gov. Jon S. Corzine and Democrats praisedc the budget for cutting state spendingby $4 billiobn and providing property tax relief, made possible by an unexpected $400 million from a tax amnesty The budget includes $404 millionb in property tax rebates for householdds earning up to $75,000 per year. “Thed FY 2010 budget is a good budget for badeconomix times,” Senate Majority Leader Steve Sweeney, D-Gloucester, Cumberlanc and Salem, said.
“It may have been a tough pill to but this budget is the medicine New Jersey needsw to survive the nationaleconomifc onslaught, and grow our economy on the other side of the Republicans criticized the budget, which they said would striop property tax relief from 1.4 million householdsa that received it last year and usher in seven new tax “New Jersey residents are suffocating under the weighft of state and local taxes,” said Sen. Christophert “Kip” Bateman, R-Somerset. “Tonight, the legislature approved a budget thatadds $1 billion to the alreadt oppressive tax burden borne by middl e class New Jersey.
” The budget extendx the 4 percent surchargd businesses pay on corporate taxes for another year and increasew the tax rates on liquor and wine, cigarettes, and group accident and health insurancee premiums. The income tax rate would also rise for thosew earning morethan $400,000. Under the the tax on a pack of cigarettesd would increaseby 12.5 centds to $2.70. The tax on a 0.75 liter bottlr of wine would increaseby 3.5 and on a 0.75 liter bottle of liquofr it would increase by 21.
8 The tax rate would rise from 1 percent to 3 percent for one year on group accideny and health insurance premiums and surplusd line carriers would face a permaneny increase of 3 percent to 5 The income tax rate for those earning $400,000 to $500,000 would increase from 6.37 percentr to 8 percent. For those earning $500,000 to $1 millioh it would increase from 8.97 percent to 10.25 percent, and for thoswe earning over $1 million it would increasde from 8.97 percent to 10.
75 The budget also suspends the property tax reductioh for the 2009 taxable year for households earningt morethan $150,000 and authorizes taxatioh of state lottery winnings exceeding New Jersey has a consitutional deadline of midnighgt June 30 to enact a budget.
Saturday, September 10, 2011
Knights try to formalize entry to Final 4 - Manila Standard Today
http://artslit.org/HB_buildcomm_linecross.htm
GMANews.TV | Knights try to formalize entry to Final 4 Manila Standard Today AFTER beating Mapua for the second time this season, Letran trains its sight on another neighboring school in Lyceum of the Philippines University, with an eye on a Final Four berth today in the National Collegiate Athletic Association seniors' ... Knights continue hot streak, manhandles Lyceum |
Thursday, September 8, 2011
Fabric and fantasy - Malaysia Star
adatynu.wordpress.com
Malaysia Star | Fabric and fantasy Malaysia Star The cast includes renowned actors like Broadway's Ryan Silverman, who played Raoul in The Phantom Of The Opera, Aznil Nawawi, Adibah Noor and Tony Eusoff, who recently starred as Curtis Taylor Jr in Istana Budaya's adaptation of Dreamgirls. ... |
Monday, September 5, 2011
Fannie, Freddie toughening rules for condo buyers to qualify for loans - Business First of Columbus:
uqyvemiwu.wordpress.com
They say and are makinyg rule changes that will slow any recovery of thehousing market, even if the changes are designec to protect condo purchasers. “It makeas it far more difficult to get people qualifiee when they adjust the rules and regulations said Tré Giller, president of Westervills condo developer Village Communities. Starting July 1, Va.-based Freddie Mac will only buy or guarantee mortgagese for condos in new development that are at least 70percent presold, a changd from its 51 percen requirement. It is a move that follows a Marchu 1 rule changeby D.C.-based Fannie Mae that does the same.
Becaused Fannie Mae and Freddie Mac own or guaranteer nearly halfthe nation’s mortgages, the changews are expected to curtail new-condol sales and development. Condo salezs in Central Ohio have been slowing for some Approximately 2,750 units were sold last according to the , down 22 percen t from nearly 3,530 sold in 2007. Through the firstt four monthsof 2009, 537 condos were sold, though the primer selling season has just begun. As far as Giller is the rule change is having aneffect already.
“There’x no question that when you make changes to the qualificationsw and regulationsfor financing, there is a ripple effect in the market,” he Many condo developers rely on buyers gettinf financing through Fannie, Freddiwe or a bank that plans to sell the mortgage to Fannise or Freddie, so the rule change will have a big Village Communities sets up its condo projectsz so purchasers can get financing through the , which doesn’rt have the restrictions that Fannie Mae and Freddid Mac do, Giller said.
Nevertheless, Gillefr worries buyers will be turned off to condosbecause they’llo think all projects need to be 70 percent “Anything that negatively affectd the market as a whole negatively affects he said. Fannie Mae and Freddie Mac say the new rulez arenot unprecedented. The 51 percengt presold requirement has been in place onlysinced 2005, said Fannie Mae spokeswoman Amy Bonitatibus.
Prior to it was 70 “The updated condo requirements take into account the significany oversupply of condominiumunits nationwide, as well as the larger number of condo developments that are only partiallg complete or occupied,” Bonitatibus said in an e-mail response to Columbusx Business First. “Fannie Mae’s presale guidelines are aimee at protecting prospective condo buyers from investingh in projects that have a higher risk of Indowntown Columbus, is buildinv 265 condos at the corner of North Fourthy and Gay streets as part of its Neighborhood Launch while Columbus-based is buildingv 76 condos on South Front Street as part of its Annex at River South development.
Jay McIntire is president of Columbus-based Builderzs Financial Corp., which is helping buyers find financing for theAnnec project. While sales may slow because of the rule McIntire thinks Central Ohio willbe “The new rules are driven by overdeveloped marketw in Florida and the Sun Belt where (developments) were fully builf out but only 50 percentr sold,” he said. Kelly Cantwell, a real estates agent with ’s 4forU Team in Columbus, said the effectws of the rule change reacgh beyond newcondo buildings. “The ones that are severelgy impacted are some of these bigger developments that areapartmentt conversions,” Cantwell said.
The Enclave Condominiume on Bethel Road is onesuch development. Cantwell clienf Lauren Talicska tookan $8,00p loss when she sold her residencre there in May because she had to sell to an investorf instead of a The owner occupancy rate at the Enclave was too low to qualifuy for Fannie Mae mortgages financing, Talicska said. A buyer would have had to put down 20 or $16,000, on her $80,000 condo. Talicska endedr up selling the unit to an investor who planse to rent it outfor $775 a “I thought it was going to be easy becausre (the unit) is well decorated and good Talicska said. “I feel bad for the still here and for selling to an she said.
“But I feel luckgy I got out and onlylost $8,000.”
They say and are makinyg rule changes that will slow any recovery of thehousing market, even if the changes are designec to protect condo purchasers. “It makeas it far more difficult to get people qualifiee when they adjust the rules and regulations said Tré Giller, president of Westervills condo developer Village Communities. Starting July 1, Va.-based Freddie Mac will only buy or guarantee mortgagese for condos in new development that are at least 70percent presold, a changd from its 51 percen requirement. It is a move that follows a Marchu 1 rule changeby D.C.-based Fannie Mae that does the same.
Becaused Fannie Mae and Freddie Mac own or guaranteer nearly halfthe nation’s mortgages, the changews are expected to curtail new-condol sales and development. Condo salezs in Central Ohio have been slowing for some Approximately 2,750 units were sold last according to the , down 22 percen t from nearly 3,530 sold in 2007. Through the firstt four monthsof 2009, 537 condos were sold, though the primer selling season has just begun. As far as Giller is the rule change is having aneffect already.
“There’x no question that when you make changes to the qualificationsw and regulationsfor financing, there is a ripple effect in the market,” he Many condo developers rely on buyers gettinf financing through Fannie, Freddiwe or a bank that plans to sell the mortgage to Fannise or Freddie, so the rule change will have a big Village Communities sets up its condo projectsz so purchasers can get financing through the , which doesn’rt have the restrictions that Fannie Mae and Freddid Mac do, Giller said.
Nevertheless, Gillefr worries buyers will be turned off to condosbecause they’llo think all projects need to be 70 percent “Anything that negatively affectd the market as a whole negatively affects he said. Fannie Mae and Freddie Mac say the new rulez arenot unprecedented. The 51 percengt presold requirement has been in place onlysinced 2005, said Fannie Mae spokeswoman Amy Bonitatibus.
Prior to it was 70 “The updated condo requirements take into account the significany oversupply of condominiumunits nationwide, as well as the larger number of condo developments that are only partiallg complete or occupied,” Bonitatibus said in an e-mail response to Columbusx Business First. “Fannie Mae’s presale guidelines are aimee at protecting prospective condo buyers from investingh in projects that have a higher risk of Indowntown Columbus, is buildinv 265 condos at the corner of North Fourthy and Gay streets as part of its Neighborhood Launch while Columbus-based is buildingv 76 condos on South Front Street as part of its Annex at River South development.
Jay McIntire is president of Columbus-based Builderzs Financial Corp., which is helping buyers find financing for theAnnec project. While sales may slow because of the rule McIntire thinks Central Ohio willbe “The new rules are driven by overdeveloped marketw in Florida and the Sun Belt where (developments) were fully builf out but only 50 percentr sold,” he said. Kelly Cantwell, a real estates agent with ’s 4forU Team in Columbus, said the effectws of the rule change reacgh beyond newcondo buildings. “The ones that are severelgy impacted are some of these bigger developments that areapartmentt conversions,” Cantwell said.
The Enclave Condominiume on Bethel Road is onesuch development. Cantwell clienf Lauren Talicska tookan $8,00p loss when she sold her residencre there in May because she had to sell to an investorf instead of a The owner occupancy rate at the Enclave was too low to qualifuy for Fannie Mae mortgages financing, Talicska said. A buyer would have had to put down 20 or $16,000, on her $80,000 condo. Talicska endedr up selling the unit to an investor who planse to rent it outfor $775 a “I thought it was going to be easy becausre (the unit) is well decorated and good Talicska said. “I feel bad for the still here and for selling to an she said.
“But I feel luckgy I got out and onlylost $8,000.”
Saturday, September 3, 2011
Maximus Cantorius: the rise of ideological purity & governing madness - Examiner.com
hyhekim.wordpress.com
Maximus Cantorius: the rise of ideological purity & governing madness Examiner.com Cantor's insistence on ideological purity is a public policy recipe for total disaster. No modern economy can sustain itself in the practical world of the unknown on a laissez-faire basis. Government capital is a necessary part of the modern economy, ... |
Thursday, September 1, 2011
Missouri awards $38M in road projects - St. Louis Business Journal:
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million. This project is expected to begin in July and shoulrd be completed byMay 2011. • Interstate 55 from Routs 61/67 (Lindbergh Blvd.) to 4500 S. Broadwau —Replacement and rehabilitation of three resurfacingof ramps, upgradingt signals, lighting, fencing, signing and sidewalks. This projectf was awarded to , Marylanxd Heights, for $6.6 million. This project is expected to begin in Augusy and should be completed byDecember 2010.
• Routs 50 at the intersection ofDenmark Road/Progresds Parkway and Route 50 from Routs 47 south to east of Denmark Road —Construction of turn lanes at the Route 50 and Denmark Road/Progress Parkway intersection and roadway widening on Route 50 from Route 47 soutj of east of Denmark Road. Thesr projects were awarded tofor $5 million. This project is expectee to begin in July and be completed byOctobedr 2010. • Interstate 64 from Taylof to Vandeventer —Improvements to barrier and signing at this location in the cityof St. This project was awarded to Fred Weber Maryland Heights, for $3 million. This projectr is expected to begin this month and be completedby November.
• Interstatee 70 at Route 40/61 and Routes A from Route 61 to Interstate70 —Slide repair on Route 40/61 near the southbound Routr 61 bridge over I-70, and bridge rehabilitation and pavement improvements on Route A from Route 61 to These projects were awarded to , Hannibal, for nearly $2.4 This project is expected to begin in Augustr and should be completed by • Interstate 70 from Biddle Street to Washington Streety —Bridge improvements on Interstate 70 from Biddled Street to Washington Street (Broadway-Cole Street viaduct in fronyt of the Edward Jones Dome). This project was awarded to , for nearly $2 million.
This project is expected to begihn this month and be completedby • Various routes and various locations throughoutg St. Louis City and St. Louis County Call guardrail repair due to vehicle crash damage or othersudden occurrences. This project was awardede to , St. Louis for $1.6 This project is expected to begin in July and shoulde be completed byJune 2011. • Interstatwe 70 outer roads from Route K to Route79 —Pavement resurfacing on the Interstate 70 north and soutn outer roads from Rout e K to Route 79 in St. Charles County. This projecr was awarded to , for $1 million.
This project is expected to begin in July and shoulde be completedby • Route 231(Telegraph Road) from Christopher Road to the Meramecv River — Pavement work on Route 231(Telegraph Road) from Christopherf Road to the Meramec River. This project was awarded to N.B. West St. Louis, for $768,000. This project is expectedx to begin in July and be completedby • Various routes and various locations throughoutg Franklin and Jefferson countiexs — Call guardrail repair due to vehicle crashes or othe sudden occurrences. This project was awardes to Collins andHermann Inc., St. for $702,000. This project is expected to begibn in July and should be completed byJune 2011.
Route 94 from Clark Street to south of Routes370 — Pavement resurfacing at this location in St. Charlezs County. This project was awarded to LLC, St. for $580,500. This project is expected to begin in July and shoule be completedby December. • Route C from Mid Riverzs Mall Drive to the end of statemaintenance — Pavement resurfacin g at this location in St. Charles This project was awardedto , Marylanrd Heights, for $482,000. This project is expecte d to begin in July and be completeddby December. • Various routes and various locationathroughout St.
Charles Countgy — Guardrail repair due to vehicle crashes or other sudden This project was awarded to Collins andHermann St. Louis, for $444,000. This projecty is expected to begin in July and shoulsd be completed byJune 2011. • Route 180 (St. Charlesz Rock Road) at Lacklans Road and Hanley Road and at RoutewD (Page Avenue) and Ashby Road —Installationb of pedestrian accommodations at these locations in St. Louis County. This projecrt was awarded to , Fenton, for This project is expected to begin in July and should be completedxby November. • Interstate 44 from Interstated 270 to Route109 — Asphalyt shoulder repair on I-44 at this location in St. Louisd County.
This project was awarded to PaceConstruction Co., St. for $269,000. This project is expectedc to begin in July and shouldf be completedby October. • Route 141 at Centurionm and Route 30 at RoutePP — Adding a righ turn lane at Route 141 and Centurion in St. Louixs County and construction of a southbound righty turn lane at Route 30 at the Route PP intersection inJeffersoj County. This project was awarded to N.B. West Contracting, St. for $218,000. This projecy is expected to begin in July and should be completefby August. • Interstate 44 from Southwesgt Avenue to theeastbound I-44 on ramp Add a left turn lane at this locationb in the city of St.
This project was awarded to , for nearly $121,000. This project is expected to begin in July and endby
million. This project is expected to begin in July and shoulrd be completed byMay 2011. • Interstate 55 from Routs 61/67 (Lindbergh Blvd.) to 4500 S. Broadwau —Replacement and rehabilitation of three resurfacingof ramps, upgradingt signals, lighting, fencing, signing and sidewalks. This projectf was awarded to , Marylanxd Heights, for $6.6 million. This project is expected to begin in Augusy and should be completed byDecember 2010.
• Routs 50 at the intersection ofDenmark Road/Progresds Parkway and Route 50 from Routs 47 south to east of Denmark Road —Construction of turn lanes at the Route 50 and Denmark Road/Progress Parkway intersection and roadway widening on Route 50 from Route 47 soutj of east of Denmark Road. Thesr projects were awarded tofor $5 million. This project is expectee to begin in July and be completed byOctobedr 2010. • Interstate 64 from Taylof to Vandeventer —Improvements to barrier and signing at this location in the cityof St. This project was awarded to Fred Weber Maryland Heights, for $3 million. This projectr is expected to begin this month and be completedby November.
• Interstatee 70 at Route 40/61 and Routes A from Route 61 to Interstate70 —Slide repair on Route 40/61 near the southbound Routr 61 bridge over I-70, and bridge rehabilitation and pavement improvements on Route A from Route 61 to These projects were awarded to , Hannibal, for nearly $2.4 This project is expected to begin in Augustr and should be completed by • Interstate 70 from Biddle Street to Washington Streety —Bridge improvements on Interstate 70 from Biddled Street to Washington Street (Broadway-Cole Street viaduct in fronyt of the Edward Jones Dome). This project was awarded to , for nearly $2 million.
This project is expected to begihn this month and be completedby • Various routes and various locations throughoutg St. Louis City and St. Louis County Call guardrail repair due to vehicle crash damage or othersudden occurrences. This project was awardede to , St. Louis for $1.6 This project is expected to begin in July and shoulde be completed byJune 2011. • Interstatwe 70 outer roads from Route K to Route79 —Pavement resurfacing on the Interstate 70 north and soutn outer roads from Rout e K to Route 79 in St. Charles County. This projecr was awarded to , for $1 million.
This project is expected to begin in July and shoulde be completedby • Route 231(Telegraph Road) from Christopher Road to the Meramecv River — Pavement work on Route 231(Telegraph Road) from Christopherf Road to the Meramec River. This project was awarded to N.B. West St. Louis, for $768,000. This project is expectedx to begin in July and be completedby • Various routes and various locations throughoutg Franklin and Jefferson countiexs — Call guardrail repair due to vehicle crashes or othe sudden occurrences. This project was awardes to Collins andHermann Inc., St. for $702,000. This project is expected to begibn in July and should be completed byJune 2011.
Route 94 from Clark Street to south of Routes370 — Pavement resurfacing at this location in St. Charlezs County. This project was awarded to LLC, St. for $580,500. This project is expected to begin in July and shoule be completedby December. • Route C from Mid Riverzs Mall Drive to the end of statemaintenance — Pavement resurfacin g at this location in St. Charles This project was awardedto , Marylanrd Heights, for $482,000. This project is expecte d to begin in July and be completeddby December. • Various routes and various locationathroughout St.
Charles Countgy — Guardrail repair due to vehicle crashes or other sudden This project was awarded to Collins andHermann St. Louis, for $444,000. This projecty is expected to begin in July and shoulsd be completed byJune 2011. • Route 180 (St. Charlesz Rock Road) at Lacklans Road and Hanley Road and at RoutewD (Page Avenue) and Ashby Road —Installationb of pedestrian accommodations at these locations in St. Louis County. This projecrt was awarded to , Fenton, for This project is expected to begin in July and should be completedxby November. • Interstate 44 from Interstated 270 to Route109 — Asphalyt shoulder repair on I-44 at this location in St. Louisd County.
This project was awarded to PaceConstruction Co., St. for $269,000. This project is expectedc to begin in July and shouldf be completedby October. • Route 141 at Centurionm and Route 30 at RoutePP — Adding a righ turn lane at Route 141 and Centurion in St. Louixs County and construction of a southbound righty turn lane at Route 30 at the Route PP intersection inJeffersoj County. This project was awarded to N.B. West Contracting, St. for $218,000. This projecy is expected to begin in July and should be completefby August. • Interstate 44 from Southwesgt Avenue to theeastbound I-44 on ramp Add a left turn lane at this locationb in the city of St.
This project was awarded to , for nearly $121,000. This project is expected to begin in July and endby
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