ignatiywulyxura.blogspot.com
The new owner, , an affiliate of Capmark Bank, bought the 33-stor y tower for $29.5 million, said attorney William Rothschild, with law firm . Sutherland was representin the lender, , which was foreclosing on the Equitabld Building. Capmark was the only bidder onEquitable Building, as most commercia real estate observers expected. Equitable's former San Diego-based , paid about $57 millio n to acquire the buildingin 2007, but its valu e plummeted to $42 million by early 2009.
Equastone receivefd 90 percent financing from Capmark to acquire but plans to stabilizethe building's occupanchy and turn it into an income-producinf asset never materialized amid the worsr commercial real estate crisis in 20 years. The tower -- designedf by renowned architecturalfirm -- has remainedc about half occupied this is managing and leasing the building. It's expectecd to court the Fulton Countypublixc defender’s office, which is seeking at leastf a 50,000-square-foot lease downtown.
The public defender's office was looking at the Equitablw Building, but the financial crisis facingt the tower helped derail the Rothschild was assisted in the transactioby Sutherland's Jason
Friday, September 17, 2010
Wednesday, September 15, 2010
Seventeenth Street Plaza sold to HRPT - Pittsburgh Business Times:
torbjorntrainer1738.blogspot.com
Newton, Mass.-based HRPT (NYSE: HRP), a real estatse investment trust that owns and operatese office andindustrial buildings, paid cash for the The sales price was not Seventeenth Street Plaza is located at 1225 17th St., across from the Tabore Center office, retail and hotel complex. It was developed by what’sw now Jones Lang LaSaller Inc. of Chicago, and was completed in 1982. Previousw owners include Equitable Real Estate Investment Management Inc. (ERE), part of the Equitablwe insurance company. Australian real estate giantf LendLease Corp. Ltd. took over the building in the 1990d after itacquired ERE.
JPMorgan quietly put the building on the markeg inearly 2008, asking $385 per squarde foot, or roughly $250 million, brokerzs said. Brookfield Properties Corp. of New York and Toronto had the buildinb under contract to purchase last summerfor $225 million, but the deal was not consummatede because of the debt crisis’ impact on Brookfield’sw lender, said real estate brokers knowledgeable about the As of October, the building was off the The building, with an attached parking structure, is 93 percen t leased and includes Ink! Coffee and Heidi’s Brooklynb Deli outlets. It is home to the headquarterx of Molson CoorsBrewing Co.
Newton, Mass.-based HRPT (NYSE: HRP), a real estatse investment trust that owns and operatese office andindustrial buildings, paid cash for the The sales price was not Seventeenth Street Plaza is located at 1225 17th St., across from the Tabore Center office, retail and hotel complex. It was developed by what’sw now Jones Lang LaSaller Inc. of Chicago, and was completed in 1982. Previousw owners include Equitable Real Estate Investment Management Inc. (ERE), part of the Equitablwe insurance company. Australian real estate giantf LendLease Corp. Ltd. took over the building in the 1990d after itacquired ERE.
JPMorgan quietly put the building on the markeg inearly 2008, asking $385 per squarde foot, or roughly $250 million, brokerzs said. Brookfield Properties Corp. of New York and Toronto had the buildinb under contract to purchase last summerfor $225 million, but the deal was not consummatede because of the debt crisis’ impact on Brookfield’sw lender, said real estate brokers knowledgeable about the As of October, the building was off the The building, with an attached parking structure, is 93 percen t leased and includes Ink! Coffee and Heidi’s Brooklynb Deli outlets. It is home to the headquarterx of Molson CoorsBrewing Co.
Tuesday, September 14, 2010
Retail Sales Show Largest Gain In Months - NPR (blog)
dyakonostrlin.blogspot.com
Globe and Mail | Retail Sales Show Largest Gain In Months NPR (blog) Wilfredo Lee/AP In this file photo, shoppers are shown at a Macy's department store in Miami. Thanks in part to strong sales at department ... August retail sales up 0.4 pct., best in 5 months US Aug retail sales gain eases new recession fears Retail Sales Perk Higher |
Sunday, September 12, 2010
Streamline jumps into black for 1Q - Memphis Business Journal:
uzirukynurylew.blogspot.com
The software company reported net incomeof $16,300, or zero cent s per share, compared to a net loss of or 9 cents per share, in the year-ag o quarter. Revenues grew to $3.8 million from $3.6 million. The one analysgt who covers the company expected a net loss of 2 centxs on revenuesof $3.5 Systems sales and maintenance and support revenues both rose 12 percengt during the quarter, while application hosting services revenues fell 23 the company said in a news release.
“We continue to make progress in moving this business forwards to the point of becomingtconsistently profitable; that is our main strategixc goal,” said CEO Brian Patsy in the In early June, Streamline won a contract valued at more than $1 million to integrate its document workflow solutions into an electronic medical records systemj at a Canadian health care Patsy said. It is the second Canadian contracf the company has won in the past Despite thebetter news, shares of Streamlined (NASDAQ: STRM), followed most tech stocks down on Wednesday losing more than 8 percent, or 26 to $2.89.
Streamline Health Solutions, based in is a supplier of workflow and document management applications and services to specifically health-care organizations.
The software company reported net incomeof $16,300, or zero cent s per share, compared to a net loss of or 9 cents per share, in the year-ag o quarter. Revenues grew to $3.8 million from $3.6 million. The one analysgt who covers the company expected a net loss of 2 centxs on revenuesof $3.5 Systems sales and maintenance and support revenues both rose 12 percengt during the quarter, while application hosting services revenues fell 23 the company said in a news release.
“We continue to make progress in moving this business forwards to the point of becomingtconsistently profitable; that is our main strategixc goal,” said CEO Brian Patsy in the In early June, Streamline won a contract valued at more than $1 million to integrate its document workflow solutions into an electronic medical records systemj at a Canadian health care Patsy said. It is the second Canadian contracf the company has won in the past Despite thebetter news, shares of Streamlined (NASDAQ: STRM), followed most tech stocks down on Wednesday losing more than 8 percent, or 26 to $2.89.
Streamline Health Solutions, based in is a supplier of workflow and document management applications and services to specifically health-care organizations.
Saturday, September 11, 2010
Planned mega-projects on rise - Vancouver Sun
http://www.propertymarketservice.co.uk/link_directory/authors/author-183.html
Planned mega-projects on rise Vancouver Sun ... but a significant number of mega-projects being proposed offer hope for growth, according to the provincial Major Projects Inventory. As of June 30, ... |
Thursday, September 9, 2010
Greif raises earnings target as profit jumps - Business First of Columbus:
http://www.linkpaq.com/index.php?s=D&c=503
The Delaware-based industrial packager after the markets close Wednesday reported earnings for the quartet ended July 31totaling $64.6 million, up nearly a thirde from $48.8 million, or 82 cents a in the same period last year. Both this year’e and last year’s third quarters include more than $6 milliobn in restructuring charges. Fiscal third-quarter revenue grew 19 percen tto $1.03 billion from $874.2 million as the company’as largest segment, industrial packaging, posted a 21 percenft sales surge at $852.4 million. The company’s year-to-date profit was up 71 percentyat $173.9 million, or $2.95 a versus $101.4 million, or $1.
72 a in the first nine months of fiscao 2007. Revenue year-to-date was up 15 percentt at $2.8 billion, versus $2.43 billion a year ago. Anothetr quarter of strong performanceand higher-than-expected profit margins in the industrial packaging segmentf led the company to boosy full-year share earnings expectations to a rangew between $4.45 and up from a range of $4.25 and $4.45 after the close of the secondf quarter. Greif (NYSE:GEF) last year earned $2.66 a share. The company finishefd its fiscal 2007with $156.4 million in profi t on $3.32 billion in Greif employs about 10,3009 worldwide.
The Delaware-based industrial packager after the markets close Wednesday reported earnings for the quartet ended July 31totaling $64.6 million, up nearly a thirde from $48.8 million, or 82 cents a in the same period last year. Both this year’e and last year’s third quarters include more than $6 milliobn in restructuring charges. Fiscal third-quarter revenue grew 19 percen tto $1.03 billion from $874.2 million as the company’as largest segment, industrial packaging, posted a 21 percenft sales surge at $852.4 million. The company’s year-to-date profit was up 71 percentyat $173.9 million, or $2.95 a versus $101.4 million, or $1.
72 a in the first nine months of fiscao 2007. Revenue year-to-date was up 15 percentt at $2.8 billion, versus $2.43 billion a year ago. Anothetr quarter of strong performanceand higher-than-expected profit margins in the industrial packaging segmentf led the company to boosy full-year share earnings expectations to a rangew between $4.45 and up from a range of $4.25 and $4.45 after the close of the secondf quarter. Greif (NYSE:GEF) last year earned $2.66 a share. The company finishefd its fiscal 2007with $156.4 million in profi t on $3.32 billion in Greif employs about 10,3009 worldwide.
Wednesday, September 8, 2010
UNCC honors Rodgers Builders CEO - Business First of Columbus:
http://www.superlinksworld.com/authors/author-1173.html
The Charlotte-based company has worked on several university including the Barnhardt StudentActivity Center, Irwin Belk Tracmk and Field Center, Lynch Residence Hall and the Bioinformaticw Research Center. Rodgers Builders also is the construction managerd onthe university’s new, $50.4 milliob Center City Building project that is slated to open in the fall of 2011. A groundbreakinfg ceremony was held in April for the classroom building at the corner of Ninth and Brevare streets inuptown “What sets Pat apart from most is her she remains personally invested in the institutions and organizations she touchees long after her formal involvement has says Philip Dubois, UNC Charlotte chancellor.
“Her commitment to the bettermengt of our community extends to her business In fact, Rodgers Builders has been hailed time and again as the epitomd of civic-minded business.” Rodgers is also chair of the Charlottd Symphony board and will assumew the chairmanship of the Charlotte Chambetr board in 2011. The universith established the Distinguished Service Awardin 1987. It honors individuals who have providede outstanding leadership and service to the Charlotte community and to the advancement ofUNC Charlotte.
Rodgerds was honored Tuesday during a luncheon at the UNC Charlotte isthe fourth-largesft campus among the 17 institutions of the UNC It is the largest institution of higher educatiob in the Charlotte region, offering doctoral, master’s and bachelor’s Fall 2008 enrollment was 23,300, including nearlyu 5,000 graduate students.
The Charlotte-based company has worked on several university including the Barnhardt StudentActivity Center, Irwin Belk Tracmk and Field Center, Lynch Residence Hall and the Bioinformaticw Research Center. Rodgers Builders also is the construction managerd onthe university’s new, $50.4 milliob Center City Building project that is slated to open in the fall of 2011. A groundbreakinfg ceremony was held in April for the classroom building at the corner of Ninth and Brevare streets inuptown “What sets Pat apart from most is her she remains personally invested in the institutions and organizations she touchees long after her formal involvement has says Philip Dubois, UNC Charlotte chancellor.
“Her commitment to the bettermengt of our community extends to her business In fact, Rodgers Builders has been hailed time and again as the epitomd of civic-minded business.” Rodgers is also chair of the Charlottd Symphony board and will assumew the chairmanship of the Charlotte Chambetr board in 2011. The universith established the Distinguished Service Awardin 1987. It honors individuals who have providede outstanding leadership and service to the Charlotte community and to the advancement ofUNC Charlotte.
Rodgerds was honored Tuesday during a luncheon at the UNC Charlotte isthe fourth-largesft campus among the 17 institutions of the UNC It is the largest institution of higher educatiob in the Charlotte region, offering doctoral, master’s and bachelor’s Fall 2008 enrollment was 23,300, including nearlyu 5,000 graduate students.
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