UTMB Victory Lakes expansion to start next week - Houston Business Journal (blog)

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UTMB Victory Lakes expansion to start next week Houston Business Journal (blog) In a related project, UTMB will build a 5,000-square-foot central-plant facility to provide utilities to its 62-acre Victory Lakes campus. The central-plant facility is valued at $8 million and is scheduled for completion in August 2014. The contractor ... and more »

Saguaro's architects visit Palm Springs hotel, give talk - The Desert Sun

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Saguaro's architects visit Palm Springs hotel, give talk The Desert Sun Brightly colored The Saguaro just turned a year old this week and is joining in on the Modernism Week celebrations by hosting two events featuring its architects â€" Peter Stamberg and Paul Aferiat. Stamberg and Aferiat will be at the hotel today and ...

Michigan, Kansas Go Down as Run Continues - ABC News

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ABC News

Michigan, Kansas Go Down as Run Continues ABC News Michigan, Kansas Go Down as Run Continues. By The Associated Press. February 10, 2013 (AP). There goes another one, and another one. No. 3 Michigan, fifth-ranked Kansas and No. 11 Louisville  »

CB Richard Ellis acquisition complete - South Florida Business Journal:

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Berger worked as a brokert for /ESG on a recent Friday and return to work Mondayt asa employee. The suddenj job change marked the final stretch of CBRichard Ellis' acquisitionm of Insignia. The two real estate firms spent sevenn months charting how to combine thegianr operations. The marriage of New York-based Insigniaa and Los Angeles-based CB Richard Ellis seemed to many a logica l union inSouth Florida. "The transition was seamless," said who joined Insignia three years ago aftetr resigning from TrammellCrow Co. "uI closed the door of my officd at on a Friday and opened the door of the new office at the Doral Center thefollowing Monday.
" Both officeds are west of in the Doral area. CB Richared Ellis' acquisition of Insignia makes the combined grou one ofthe world's largest real estatre firms. Insignia was a force in the United France, Europe, Asia and Lati America. The 14,000-employee CB Richard Ellis was aforcew domestically. While both companies often tussled for the same deals in many the dynamic in South Florida was less Insignia was a relative newcomer to the region and stil posturing for market share inthe tri-county pecking order, local real estater observers said.
"CB and Insignia have complementary services," Richarr Bamonte, a former associate director of now a senior associate with CBRichard "Insignia represented landlords by managing and leasingh major office buildings. CB was more focused on apartment buildinf sales andindustrial properties." CB Richard Ellis' strengthy was in investment sales and tenan representation. That is something Insignia did on alesseer scale, he said. CB Richard Ellis had tried to penetrate the leasing and propert y management marketin Miami-Dade County, dominated in part by said Ed Mitchell, CB Richard Ellis' managinh director for the South Florida region.
"Ths merger was a perfect fit forSouthh Florida," he said. "The union will help us be more effectivs andprice competitive." In an era when brokerage fees are plummeting and operatingt costs are staying the same or going up, mergersx tend to be a said Michael Cannon, managing director of the Soutyh Florida office of Integra Realty Resources, a national real estate valuatio and consulting firm. "Service providers in the commercialo and residential real estate industry will continue to he said. "By doing businesses are going to be able to performjcoordinated services.
It has to do with Fees are coming down while expenses stay the Cannon knows the situation well because his own Appraisal and Real Estate Economics merged in 1999 with Integra Realty anational group. Dismantling and moving three Insignia offices in Fort Lauderdalr and Miami into four CB Richard Ellis officezs happened ina weekend, Berger said. Most of Insignia's 16 brokerss were relocated to CB Richard Ellisw offices at 777Brickell Ave. in Miami; 8350 N.W. 52nd St. in west 1 E. Broward Blvd. in Fort and 5355 Town Center Road inBoca Raton. The union producee a total of 74 CB Richard Ellisd brokers inPalm Beach, Broward and Miami-Dade Mitchell said.
Only one Insignis broker left the company followingthe merger. "Hse had been with Insignia for a Bamonte said of former broketJubeen Vaghefi. "He was a junior."

Facebook, VCs give 18 developers seed money - Boston Business Journal:

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The companies were chosen from more than 400 developerss and entrepreneurs from around the world who appliecd in a competition sponsoredby Facebook, and . The two venturew funds will invest morethan $500,000 into the companiesd in exchange for equity. Two non-profitd that will not get funding were also chosenb to participate in theincubator program, which will be run by Dave McClurse of Founders Fund. The incubator prograjm will operate out of oneof Facebook’s Palo Alto officesw from mid-June to the end of August, at which point all of the startupxs will present to Silicon Valley angel and venture capitao investors.
According to Facebook's Web site, the companie s and nonprofitsselected include: : Find friendsw of friends to date...ot play matchmaker! If you're single, you can searcu your friends' friends and ask for intros. If you'res taken, you can set friends up. Friends of friends are the best peoplrto date. It's social dating via friendly intros. : Funju is an avatar-based social networking app for the iPhone and iPod satisfying users' desire to expresd themselves and communicate with others in a fun, creative way. The team has more than five yeara of experience in the mobile market in both Soutn Korea andthe US.
: Gameyol a is a distribution and monetizatioh platform for casual Flash Flash games currentlymonetize poorly, but Gameyolaa solves this problem by providing Flash developerds tools to sell virtual goods and to acquire userd through social channels. (private beta): From keeping track of your kids to protectinf your identity and getting back yourlost stuff, Life360 is the place you go to keep your familyy safe, secure, and preparee for daily life. : Churcheas create their own social networks on They extend their community between Sundays with tools to connect and engagetheidr members.
Over 30,000 church congregations are representedon Navify: Navify is a visual encyclopediqa that combines Wikipedia articles with videos, and comments. It is the only general encyclopedia that alloww you to listen tomusif videos, watch movie trailers, and brows news and celebrity photo galleries. : Simplify the way you manage Facebook and othersocial networks. NutshellMai consolidates activity from all your accountxs into a single email digest delivered onyour Don't let email alerts clutter your Get informed, not interrupted. Get the Nut!
: Brinbg your blog to Facebook, and Facebook to your Pull your Feed to your profil e andbusiness pages, add widgets to promot e your network, and read the news from blogs you folloew on the largest community of bloggers and blog loversa on Facebook. : Paradise Paintbal is the first game developedon Cmune'a next-generation social gaming platform. It is the firs t casual, 3D multiplayer FPS game on Apple Dashboard, and Mac and PC.
Play with up to eighyt friends and buy virtual items to enhancethe : Photos I Like is a digital media sharing and discovery site emphasizing lightweight social content, self-expression, and : Combines the success of resident referrao programs with the power of sociapl networks. Residents refer their communityy to friends through social networkslike Facebook, and emaip to earn rewards and live with : RUNmyERRAND is a sociao networking inspired web and mobile marketplace that providesd people and businesses an easy and trusted way to get everyday taskss done in their own hyperlocal community. : RunTherse is a social-networking servic e for runnersand cyclists.
Users can map and measure theifr favoriteroutes (no GPS required), keep a running/bikingh log, and find athletes and routes nearby Sortuv lets you start with somethinhg you like, and discover more. Instead of searchinv for a "great restaurant" just say what you "Find me a place sortuv like Spagoin Seattle". Check them out , , and . / : Trave l Brain by GeckoGo helps youtrack (and show your travels, share experiences with others, and discovee new places to visit. Learn from the knowledge of over 600,00p travelers, and get expert guide info from theird Bradt TravelGuides partnership.
Weardrobe (private beta): Weardrobe is a fashion-focused communitu for discovering different ways to wear Weardrobe provides a platform for people to share reviews of theirown clothing, post photos of their looks, catalotg their closet and search for styld inspiration. : Workstir is a communit that connects users with trustworthyy localservice providers. Anyone can post a job and choos a provider with confidence by browsing theifrpast reviews. For businesses, Workstir provides a wealth of jobs in theidr areaof expertise.
Worldlty Developments (private beta): Worldly Developmente is building online services that will help you connec withthe people, placeds and events in your local community. Its first productg makes it a snapto plan, and communicate around group activities. : Sama is Sanskritr for "equal" – Samasource finds and trains reliablr QA professionals to test Facebook apps witha user-friendluy interface that lives on Facebook Platform. With developers lower costs, reduce poverty, and improvre their applications. Vittana: Vittana enables you to lend directly to studentxs in thedeveloping world, $25 at a time.
Theit mission is to bring student loans to the developingv world through the powerof person-to-person microlending.

Cincinnati credit unions:

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So where have the credit unions been in allthis ? For the most part, they’re doing just fine, thanko you. “We’re looking for loans to said Catherine Herring, CEO of . “W e have plenty of liquidity. And we have not had delinquenciess or bankruptciesincrease dramatically.” Communicating Arts, with $48 million in assetx and just one office in is typical of local credit They have avoided subprime loans, they haven’t made many loans beyoned Greater Cincinnati and, as a result, they haven’r suffered from the amount of loan problemsw that have caused a meltdowjn in the broader financial system. Communicatingv Arts is far from alon amongcredit unions.
“We’re still lending, we’re stilo safe and we’re better capitalized,” said Tim CEO of Fairfield-based . “Wer kind of stuck with our knitting.” Creditg unions, by their very structure, are less likely to have run into problemsa during thefinancial crisis. They can put only up to one-fourtn of their assets into mortgage lending. Just 12.5 percentt can go into commercial loans, Boellnetr said. Most go to car loanss or consumer loans. And credit unions are owneds bytheir members. They don’t have separatw shareholders toanswer to.
Many distribute profits back to theie members in the form of So the temptation to take risks to boostprofits isn’t there. “The only peopls we’re beholden to are the peoplwe who walk in the Boellner said. Ohio’s 422 creditf unions have $18 billion in assets. That’s a speckj on the banking scene, making up just 6 percent of the saidPatrick Harris, Credit unions tend to be much smaller, too. They averaged about $45 million in assets. Theier makeup makes a difference, Harris said. “It’d basically people sharing their funds,” he said of the “So they have to err on the sideof caution.” The resultzs show that’s happening.
Delinquencies at Communicatingb Arts have heldbelow 0.75 perceng of assets last year and in Herring said. And its profitzs have held up well. It generatexd a return on assets ofabout 0.75 percent last year befor paying dividends to members. And those members as a group received $138,000 in bonusz year-end dividends last year, down just slightly from $145,000 in 2007. Its capitakl hovers between 13 percent and 14 percent of much higher thanmost banks. AurGroup, with $135 milliojn and five offices, is among the 10 largest loca credit unions. Its delinquent loans totalesd 1.85 percent at year-end.
That’s much higher than its typicall level around1 percent, Boellner But it’s still much better than Ohio’s bank average of 2.5 percen as of the third quarter, according to the Tighterd loan standards, common these days among banks, haven’y been an issue at credit unions. Harris said he hasn’t heard of any credit unions making it toughedr to geta loan. “Nothing has changedr here,” said Steve Behler, CEO of , Greater Cincinnati’s second-largest credit union with $350 million in assets. “We make loan to our members.” Last year “was probably one of the best years we’ve ever had,” he said.
Assets and depositxs both grew13 percent, while loans jumped 20 percent, he said. Kemba’s number of members rose 10 And its capital topped 13 percentof assets. Why the solic growth? Behler echoes other credit union nosubprime loans, no mortgage problems and few delinquency Bad loans haven’t been anywhere near the problem for credit unions that they have been for many Ohio credit unions’ delinquency rate was 1.21 percenyt of assets in the thir d quarter of 2008, according to the Ohio Credit Union It didn’t rise much from a year ago, when the rate was 1.11 And it’s less than half of Ohio 2.5 percent.

Trammell Crow's massive apartment project - Atlanta Business Chronicle:

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Trammell Crow Residential bought Overlook Atlanta Gardensd and Houston Street apartments at 180Jacksonj St. S.E. near Decatud Street Oct. 12 for $17.5 million, according to Alan president of , a commercial real estate research The Atlanta-based apartment and condoo developer plans to raze the existing 260-uni t complex by the end of the year to buildx Alexan 360, a 592-unit apartment project. The $110 millioj project, once conceived as Alexan Cityscapes, "izs the largest one we've done out of my said Alan Dean, TCR's senior managing director.
Alexajn 360, which will be a mid-rise project, will rival in numbert of units some of the bigger condominiuk projects in development or under construction in the city of including 's The Atlantic, which has 401 units, 's Trumpl Towers Atlanta, which has 365 and and Daniel Corp.'s 1010 Midtown, which has 443 Alexan 360 is designed so that it can be split into two separater projects, either for a future sale of Alexan 360 or to make into a for-sald condo project, Dean said. is the equitgy partner in the deal and is the debt lended witha $82.4 million construction loan, Dean The project is expected to be complete in 2010.
The apartment market in Atlantais "doing OK, but it has been somewhatg impacted by recycled condos and homes that are hitting the rental market," said John A. Williams, CEO of , whicn has an apartment building subsidiary, and foundetr and former CEO of apartment firm PostPropertiesw Inc. "There is a fair amount of [apartment] supplhy inside [Interstate] 285," he said. "If you go back 20 there was very little apartment supplyinsidre 285, it was all suburban. Now it's getting so you can'ty get suburban apartments zoned." The Alexan 360 project is in such a good locatio inEast Atlanta, it should do well, he said.
The Alexan 360 sale was no quickl realestate deal, said John a broker with Speros and fellow broker Larruy Wood represented sellers Diversified Mortgage & Realtyh and Progressive Development, both of in the deal. Jeffrey P. Vantosh of Vantosh Company Inc. was the broker for TCR. It took thre e years to get the existingapartmentse sold, as market conditions kept changing, Sperosa said. "At one time it was tied up fora high-risw project," he said. "Then was tied up by a major retailer to do retailon it, but never coulx make it work out." was a local multifamily developer that sough the Alexan 360 property.
"It's a greatt site," said Marc Pollack, CEO of Pollack Partners. "Theg were more tenacious than I The supply of new apartments in metro Atlantqais healthy, but the time it takes to develop new units is affecting how much supply comes on the he said. "They all take much longer to get off the Pollack said. "There are more barrierws to entry, even in the intown It used to be we could find a piecwof property, buy it and be under way in nine months. Now it's more like two But that maintainsthe balance." Apartment developerss nearly doubled the number of starts in 2007, comparede with 2006, said Dale Henson, president of , who tracks Atlantza apartment data.
"We expect 11,509 starts in 2007, that's going to be up from 5,6387 starts in 2006," he said. "Wer are still in reasonable control on apartment Williamshas 3,000 apartment units in development in metr Atlanta, including projects in near Cumberland Mall, Hapeville and near Interstate 85 and Clairmonyt Road. Williams agreed that if therew is not too muchproduction "a year from now we should have a better market because we will absorb some of thesee condos.
"