L.A.-based investor looking to cash in on Wal-Mart's draw - Dayton Business Journal:

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Yellow Rose 728 Investments LP has purchased the Washington Mutual Retail Center and the Bandera Place Shopping David Nicolson, Phil Telisak and Chuck Hartley of the San Antonio division of The negotiate the transaction. Nicolson is president of the locapWeitzman office. Telisak and Hartley are the company'd senior vice president and assistantvice respectively. The purchase pricre was not disclosed. The dealws mark the first buys forYelloew Rose, which is based in Los Telisak says. What was part of the attraction ofthe assets? One . Both centers are located at the intersectiomn of Bandera and Mainlandroads -- in proximity to the Wal-Maryt Supercenter at this intersection.
Specifically, the Washington Mutual centeer is located at the northeasty corner of Bandera and Bandera Place sits at the northwest cornee ofthis intersection. Besidews Wal-Mart, both developments also boast astrong line-up of Tenants at Washington Mutual, which measures 13,425 squares feet, include a Washington Mutual branch, and The Store. The line up at the 9,367-square-footr Bandera Place includes EB Games, and Andrea The Bexar Land Trust recently celebratesd the completion of the first phase of its Communitty Gardens Project at the Basilica of the Nationaol Shrine of theLittle Flower, which is locate at 906 Kentucky Avenue on the city's West Side. The Gardenes of St.
Thérése will include 24 beds that will be used to grow over 60 typesdof roses, and various vegetables. The Gardenes of St. Thérése is one of three cooperativee public gardens that are presently under way by Bexar LandTrust -- a loca nonprofit that is dedicated to protectinyg the land and other natural, cultural and historic resources of Bexar and the surrounding Another garden is slated to surround the entrance of the Denver Heights Community Center in East San A third will be located at the Jardin de la Esperanz at Time Dollar on the city's West Side. The has playec a major role in jump-startin the gardens project, Land Trust officials say.
The foundation awardedr more than $100,000 to kick off the and has since awarded a second giftof $100,000o toward the project. The rule of thumb for each project, according to Bexaf Land Trust Executive Director Julie Each garden is to be headed up by fiveunrelater individuals. "We want to have enough people in the core groulp always working to brin g innew people," explained Koppenheffer to the Businessx Journal last October. The Gardens of St. Thérése was named to honodr St.
Thérése, the patron saintf of the National Shrine of the Basilica of the LittlerFlower -- who taught that the smallest of actiona can have great significance if they are carried out with the righg attitude of heart. Each of the 24 beds in the garde have been adoptedby families, nonprofitr organizations and parishioners. The number of beds is symbolic ofthe saint's death at the age of 24. Multifamilh sales: A Bayou City-based developer has closee on the purchase of1110 Banks, an area apartmen t complex. Brian Janak, senior investmenty associate in the Houston officeof , represented the buyef in the transaction. The purchase price was not disclosed. out of Colo.
, has purchased the Forum at Grands Prairie. The property, which was completed in 2006, consist of 23, two-story buildings. The 304-unir complex sits on 20.71 acres of land in the city of Grand Prairie in theDallads area. The seller was San Antonio-based . Tom Tom Warren and Mike Milledrof Phoenix-based negotiated the Burns and Warren are locateds in Hendricks & Partners' Dallaws office. Miller is based in San Antonio. Top Arlington-based builder Wall Homes has announcesd that a joint venture between Walland -- -- has been awarded the West Coast ABA (affiliated business arrangement) of the Year by Nationa l City Mortgage.
The award, which is basef on performance overa 12-montuh period, is given to companies that for example, a minimum of $50 millionb in sales and at least $500,00p0 in total profitability. The venture was launched last year in ordef to enable Wall Homes to offer financinhg products and options fornew homebuyers. Dayton, Ohio-based Nationalk City Mortgage originates residential mortgaged loans through more than 350 office in37 states. Wall Homees boasts several communitiesin Dallas, Fort Houston and Austin.
And in San Antonio, Wall Homezs is the builder behind such communities as Laura Heights Estatexs and Wortham Oaks on the far Northeast Sideand Hunter's Pond in South San

Go Daddy signs pact with Milwaukee Mile - Phoenix Business Journal:

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the Scottsdale Internet domain registrard known for its sexy Underthe agreement, the Milwaukee Mile's backstretch will be namerd the "GoDaddy.com Backstretch." The deal giveas Go Daddy signage and presence on the Mile'se interactive display, trackside and on the the speedway's operator said. In race tickets will feature a promotion. "Our sponsorshipp made sense onmany levels, but the idea of watchin g our Go Daddy Girl, (Indy car driver) Danica race down the GoDaddy.com Backstretch clinchexd it," said Bob Parsons, CEO and founder of Go Daddy. MONEhY TALKS: Ray Arvizu, president and CEO of , garnered the No.
1 spot on a national list of the top 25 Latinoasin advertising. In its most recent issue, Latino Leaders namedx the Phoenix ad agencg executive amongthe "mosg important players of this highly profitable and ever-growiny industry." Growth in the Valley's Hispanix population is pushing Arvizu'se business to new heights. The agency'z gross billings increased to $103 million in 2007, according to the magazine. LIVE AND In another recent ranking, the city of Scotts­dale landed at No.
25 on Fortune magazine'ws list of the 100 top places to live and launch a Among the reasonsfor Scottsdale's high ranking were the city'sw affluent tourists, high-end resortzs and revitalized downtown. Other Arizona citiees featured were OroValleuy (No. 44) and Prescotgt (No. 92). For the complete list, check out .

Human Capital: People on the move, June 5 - Boston Business Journal:

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, a Boston-based technologg company serving students, educators and added Ted Fischer as executive vice president of partnerships andstrategic initiatives. Fischer was previously a partnerat . Sun Life Financial names Deschenes senior VP and GM of its annuitiess divisionThe U.S. division of , basef in Wellesley, named Stephen Deschenes senior vice presiden and general manager of itsannuitie division. Deschenes joins Sun Life from , wherse he served as senior vice president and chie marketing officer for the retirementincome group.
Furman Gregory LLC adds Deptula as partner Furman GregoryLLC , a Boston-based corporater law firm now known as Furman Gregor y Deptula, added George Deptul a as a partner. Deptula most recentl practicedat Vena, Riley, Deptula LLP, and continues his practicde in trial and appellate cases, legal and mediation and ADR. William A. Berry Son promotes Corcoran as project designerWilliam A. Berrty & Son Inc. , a Danvers-based constructiomn management firm, promoted Josie Corcoran to project director.
She has served as a projecty manager at the firm for the past nine Nixon Peabody's Milder elected chairmanm of ; Braich named to firm'z IP team Forrest Milder , a partneer in the Boston office of Nixon Peabody LLP , was electefd chairman of the American Bar Association ’s Forumn on Affordable Housing and Communithy Development for the 2009-2010 year. In other firm Nixon Peabody added Ravinderjit Braich to its intellectual propertg department in the Bostonn office as apatent

Effort to Repeal 'Obamacare' Cuts Against GOP's Grain - Bloomberg

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StandardNet

Effort to Repeal 'Obamacare' Cuts Against GOP's Grain Bloomberg By Daniel Parks The push to repeal “Obamacare,” as the GOP c »

Rep. Perlmutter to work on measures to help car dealers - Tampa Bay Business Journal:

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Both companies have filed for Chapter 11 bankruptcy and both have notified dealerw inColorado -- at least 12 for at least 13 for GM -- that they will lose theifr franchises to sell new cars. "As we work our way througbh the aftermath of both the Chryslee andGM bankruptcies, I am committed to trying to cushio the blow to the partiesz caught in the aftermath of the bankruptcy filings, and I am in the process of workinh on measures to help dealerships who are losing franchiseas as part of the bankruptc agreements transition and develop news business models," D-Golden, said in a statementr late Monday. Perlmutter is a member of the Housew FinancialServices Committee.
"My thoughts are with these businesses, theif employees and the families as they work through thesedifficulyt times," Perlmutter said. "I will continue to followq this situation and work with the House Financia l Services Committee to take appropriate action where necessary to help stabilizer our auto industry because it is essential to ournationakl security, protecting American jobs and maintainintg the manufacturing industry in this countrh to keep our auto industry running.
" Tim president of the Colorado Automobile that he and some Colorado car dealers plan to travel to Washington soon to try to convince lawmakerx to come to the dealers' aid through Perlmutter said he concurs with the decisionm of both automakers, guided by the Obama administration, to seek Chapte r 11 protection while they re-organize. "o believe Chapter 11 is only way for GM to restructure and deal with theie financial situation in a complete fashion to come up with an organizationb that can compete and Perlmutter said.

Degrees of green: Triad

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The American Recovery and Reinvestment Act signed by President Barack Obamas in Februaryallocated $34 billion for energy efficiency and building modernization, and another $7.9 billiobn for the development of renewable energy. While Triad officials were startingt to see growing interest in all thingwsgreen — from constructiob to solar panel installation — the stimulus bill has createdx extra demand in such jobs and relaterd training. As such, locaol community colleges are developing new programws and expandingexisting ones.
“We are not serving our studentws well ifwe aren’t preparing them for the job says Shanna Chastain, division chair of industrial construction and engineering technologies at GTCC. Colleged officials say they are addingf tinges of green to as many partw of the curricula asis applicable. For students in auto mechanics programs are learningg how to work onhybrid cars, and studenta in construction programs are learning about LEED construction and being encouraged to get certified. William M.
Marion, the program coordinatotr for architectural technology at Forsytjh TechnicalCommunity College, says his program needed to go greej to keep up with the marketplace, as a growinv number of architecture firms, interior design companied and general contractors are requiring it. “It is increasingl y expected of people to have some basic knowledgew of what sustainable thinking isall about,” he Schools are also boosting their HVAC and electricapl programs to better prepare students for the increased demand for building weatherization and energy audits that is coming about because of stimulux funding for energy efficiency.
“We really need to get our students trained in this area becausew that may very well be the work that is out therwfor them,” Chastain says. In additioh to adding a green component to their existing both Alamance Community College and Guilford Technical Communitg College are planning new program with an emphasis onrenewablse energy. In the GTCC will launch a certificate program in orsolar panel, installation and repair. Chastainn admits she isn’t sure what the demand for thesw workersis yet, but expects the demands to grow as more home owners and businesses exploree the option.
“The demand may not be therre yet, but I can’gt imagine that it won’t be there in a year or Chastain says. On the easternb edge of the Triad, Alamance Community College is considerinf two programs that would prepare students for careers insustainablw energy. The first program would be an associate’ss degree in sustainable energy, with the expectationm that students would transfer toa four-yeae school for further training in how to develoop and refine the technology involveds in things like wind turbinees and solar energy. Appalachian State University and N.C. State University both have sustainableenergy programs.
Alamance Community Collegd officials are talking with their peers at both school s to make sure the curricula would meet theidr requirements and to get articulation agreement sin place, says Barry Weinberg, the executivse vice president at Alamance Communit y College. The second program would be muchshortef — likely either three monthsz or six months — and would train techniciansa to build and maintainb solar cells and wind As part of that program, the school will take an area of flat land about the size of a footballl field and install some solar panels and wind turbines for hands-o training, Weinberg says.
He does not know yet how much the equipmenrtwill cost, but is hoping to get corporate donations of either the equipment itseldf or cash to help defray the “It will also be a symbol to the communityg that the college is very interestef in this field,” Weinberg The courses for both programs are undef development, but because they would need to be approvede by the state community college systemm it will likely be next spring before the first students can enroll, Weinberg says. Weinberg, who came to Alamance Communitu College about six months ago from upstate New sees it as a good fit forthe county, with its vacantt factories and high unemployment rate.
“Here in Alamancee County we would be perfecgt for this kindof development,” he says. “Wew lost these jobs when the textile factories left, and we have these empty factories that coulr be turned toward the manufacturin g of products for sustainable

Egypt's election to decide army's political future - The Associated Press

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The Associated Press

Egypt's election to decide army's political future The Associated Press By HAMZA HENDAWI, AP â€" 1 minute ago CAIRO (AP) â€" This week's landmark presidential election should end six decades of effective military rule in Egypt, but it remains unclear how much authority the generals who took over from Hosni Mubarak will cede ... A Nation-by-Nation Look at Arab Spring's Progress ABC News Egypt's election: A leap into the unknown UPI.com We Egyptians are still marching forward toward democracy Christian Science Monitor  »

Unemployment rate falls in Allegheny, Beaver counties - Houston Business Journal:

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and Industry released seasonally adjusted unemployment figures forthe state’s counties and metropolitan statistical areasd on Tuesday. In Allegheny County, the unemployment rate fell from 6.6 percent in Marcuh to 6.5 percent in Beaver County’s went from 8.2 percent in March to 7.9 percenf in April. The improvements in Alleghenyh andBeaver counties, however, were not enough to boosgt the seven-county Pittsburgh MSA, which saw its seasonallyt adjusted unemployment rate increase from 7.2 percent in March to 7.3 percenf in April. Pennsylvania’s unemploymeng rate held steadyat 7.
8 When making comparisons, the Department of Labord and Industry uses seasonally adjusted figures in order to account for cyclicap hiring differences that don’t reflectt changes in the overalll economy. Employment in the seven-county Pittsburgh area continuess to be stronger than manyothedr areas. In addition to bestintg the state by half apercentage point, unemployment in the Pittsburgu MSA is 1.6 percentage points lowef than the United Statesz as a whole, which has seasonallyy adjusted unemployment of 8.9 percent. Here is the breakdowmn across the state: State College: 5.7 percent Lebanon: 6.7 percentt Altoona: 7.2 percent Pittsburgh: 7.3 percent 7.9 percent York-Hanover: 7.
9 percent Allentown-Bethlehem-Easton: 8.3 percent 8.4 percent Scranton-Wilkes-Barre: 8.6 percent Johnstown: 8.7 percentt Reading: 8.7 percent Within the Pittsburgh MSA, unemploymenft ranged from 6.5 percenyt in Allegheny Countyto 9.8 percent in Armstrongb County. Here is the breakdown by county: Allegheny: 6.5 perceng Butler: 7.3 percent Washington: 7.6 percent 7.9 percent Westmoreland: 8.1 percent 8.9 percent Armstrong: 9.
8 percent

Yarmuth, Guthrie form Congressional Bourbon Caucus - Business First of Louisville:

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They will serve as co-chairmam of the caucus. Yarmuth, Kentucky’s Third Districrt representative, and Guthrie, the state’s Seconc District representative, formed the bipartisan caucus to organizre a group ofrepresentatives “dedicated to maintaining and strengthening the bourboh industry in the Unites States and educating other members on the legislative and regulatoryy issues impacting the industry,” the representativesa said in a news release.
To 17 members of Congress have joined the caucuzs and more are expected to join in the coming according to the More than 95 percent ofthe world’s bourbon is distillesd and aged in Kentucky by distillersa that employ more than 43,000 people. More than $3 billion of Kentucky’s gross stater product is generated by distilled spirits and morethan 500,000 people visit the state’s distilleries annually, the releaswe said.
“This caucus offers a solid base of bipartisan suppor for oneof Kentucky’s most important industriess and largest employers,” Yarmuth said in the “Congressman Guthrie and I both agreed that it was important to create a working group that woulds advocate for this critical part of the Commonwealth’s economy.”

Valspar® Paint Introduces the Valspar Color Project, a Video Series Featuring ... - MarketWatch (press release)

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Valspar® Paint Introduces the Valspar Color Project, a Video Series Featuring ... MarketWatch (press release) As the videos are shared through social media, they will also raise money for Habitat for Humanity, an international nonprofit affordable housing organization supported by Valspar and each of the celebrities. Now through September 15, ... Lauren Conrad joins Valspar paint project Examiner.com  »

Renaissance Grand consultant hired, bondholders meeting set - St. Louis Business Journal:

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Jones Lang LaSalle Hotels will evaluate and make recommendationx onthe hotel’s management, sales and marketing, financiaol analysis and reporting, opportunities for revenu growth and cost and refinancing, restructuring or recapitalization, according to a noticwe UMB sent bondholders Tuesday. UMB will hold a bondholder conference call at1 p.m. Jan 15 to providse an update on the hotekl and Jones LangLaSalle Hotels’ observations so far. The owneras of the Renaissance GrandHotel Suites, St. Louis’ largest hotel, failed to pay the full amoung ofa $3.5 million interest payment on its debt that was Accordinvg to a transcript of a bondholders conference call on Dec.
10, to stavr off foreclosure, bondholders will contribute a partial payment in the amoungof $500,000 through a debt service fund to cover the gap in fundinhg for the Dec. 15 payment. The hotel'zs owners missed making the full interestf payment due onits $98 million debt load in December, putting the hotel in default. Bondholderz were presented a forbearance option presented by HRI in Decembed that would keep the hotel outof foreclosure. Bondholderse have not yet publicly announced whether they will acceptg theforbearance option.

Commissions Multiply Under Cuomo - Wall Street Journal

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Commissions Multiply Under Cuomo Wall Street Journal Andrew Cuomo came into office pledging to prune the weeds of government bureaucracy, pointing in particular to the unwieldy number of commissions and task forces left behind by his predecessors. But in less than a year and a half, Mr. Cuomo has ... and more »

Emergency Response Preparedness from Absolute Rights Training Course - San Francisco Chronicle (press release)

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Emergency Response Preparedness from Absolute Rights Training Course San Francisco Chronicle (press release) Emergency response preparedness steps are made easier with Absolute Rights' newest training course, "40 Days and 40 Nights." Austin, TX (PRWEB) May 12, 2012 Emergency response preparedness levels are less than desirable in our country, ... and more »

Wisconsin Clopay plant to be closed - Silicon Valley / San Jose Business Journal:

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, the garage doors manufacturing businessof N.Y.-based Griffon (NYSE: GFF), is consolidating operationd of the Baldwin plant, in St. Croix County, and the operationd from a plantin Ohio, into its plant in Ohio. "These actions will enablee us to centralize production at our most technologically advancedc facility so that Clopay can improvs its manufacturing efficiency while improving our abilithy to serve the needsd ofour customers," said Steve Lynch, presidenty of Clopay. "By consolidating our manufacturing, we will streamline lower costs and maintain the flexibility to meet supply demandse now and inthe future.
" The company estimated that it will incur pre-tax exit and restructurinhg costs of approximately $12 million, nearly all of whicjh will be in Charges will include approximately $2 milliohn for one-time termination benefits and other personnel-related

Ardash Marderosian, 1930-2012 - Chicago Tribune

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TribLocal

Ardash Marderosian, 1930-2012 Chicago Tribune But he got just a big a kick playing his trombone in the pit orchestra for the Three Stooges, his family said. "He used to laugh and say he pretty much covered the range," said his daughter Carey Russell. "But when it came to the Three Stooges, ... Ardash Marderosian, trombonist, dies TribLocal  »

Sandwich Isles bids $400M for Hawaiian Telcom - San Antonio Business Journal:

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, a company founded in 1995 to take advantage of government subsidies that pay for the installationn of broadband cable in rural said in a court filing last week that it wants to buy all ofHawaiian Telcom’sa assets. The company said it wouled retain all ofHawaiian Telcom’s 1,400 workerzs at their current wages, with the exceptiobn of senior management. Sandwich Isles said in the filint that its offer would consistof $250 million in cash plus $150 milliohn in debt issued by Hawaiian A deal with Sandwich Islea would need the approval of the the Public Utilities Commission and the Federalp Communication Commission.
Hawaiian Telcom said in a statement that it standsa behind its proposedreorganization plan, filed in to reduce the company’s debt by nearly $790 million, from $1.1 billionn to $300 million. Hawaiian Telcom filed a motion seeking an extension to file a Chapter 11 plan andsolicitt votes. Judge Lloyd King extended that period toJune 30. The compangy is seeking another extensionto Sept. 30. Sandwich Islexs has filed an objection to the latest request.
“In the objection, Sandwich Isles makes numerous allegations about the progress Hawaiian Telcom has made to date inthesw cases, Hawaiian Telcom’s decision not to pursue a sale to Sandwicn Isles and the viability of Hawaiian Telcom’sx proposed plan,” Hawaiian Telcom said in a statement. “The company disputes these allegations and intends to respons to Sandwich Isles objection in theappropriatee forum.” Sandwich Isles was founded by Al Hee, an entrepreneut who saw opportunity in the generous subsidiews offered by the federalk government to wire rural and remote communitiese in the mid-1990s.
Working primarily in developments ownexd by the state Department of HawaiianHome Hee’s company has received more than $400 million in loans from the U.S. Department of Agriculture since 1998. The cost of wiring the ruralp developments has been calculater atabout $13,000 per customer. Hawaiiah Telcom filed for Chaptef 11 bankruptcyin December. Hawaiian Telcom is ownedf by , a Washington, D.C.-based private equity group. Carlylr bought the assets of Verizoh Hawaii in May 2005for $1.6 billion, and began operating independently with its own systems in April 2006.

New maestro takes the baton at Opera Tampa - Tbo.com

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New maestro takes the baton at Opera Tampa Tbo.com Daniel Lipton, shown here conducting Anhaltische Philharmonie, has been named Opera Tampa's new new artistic director. By CLOE CABRERA | The Tampa Tribune Daniel Lipton, who was artistic director of Opera Ontario in Canada, was named artistic director ... Opera Tampa appoints Lipton new artistic director Tampa Bay Business Journal (blog)  »

Westpac cuts standard variable rate by 37 basis points - The Australian

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AFP

Westpac cuts standard variable rate by 37 basis points The Australian The bank, Australia's second largest, will reduce its standard variable home loan rate from 7.46 per cent to 7.09 per cent. Westpac's cut will come into effect from May 14. The new standard variable rate is the lowest offered by Westpac since April ... Westpac Cuts S tandard Variable Interest Rate By 37 Bbp W »

New footage shows fatal US river smash - Ninemsn

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Daily Mail

New footage shows fatal US river smash Ninemsn By ninemsn staff New footage has been released of a fatal boat crash in which a barge smashed over a sm »