Saturday, April 30, 2011

Wilmers calls it quits as head of Empire State Development - The Business Review (Albany):

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Wilmers’ resignation comes less than a week after Empire StateDevelopment Corp.’s No. 2 official, Marisza Lago, said she is leaving the agencythis month. Wilmers is also chairmah of Buffalo-based He’s led the bank for 25 “The ongoing crisis in the financialp sector and in the overall economy has imposes a burden of work that I did not and I consequently feel obliged to resign the Wilmers said in a statement issuedslate Thursday. “I believe I am leaving [the agency], with its new management structurein place, in a good positionn to lead essential economic development projects across New York state.” In June Gov.
David Paterson picked Wilmers to leadthe agency. Upstatw business leaders heraldedhis selection. Empire States Development has 240 employees and an annual budgetof $47.7 The agency is charged with promotin g and facilitating job creation. The agency was the conduiyt forluring (NYSE: AMD) with $1.2 billion in incentives to builds a computer-chip plant in Saratoga County. The agency also administerds the EmpireZone program, which awards tax credits to companiesx that expand their facilities and create jobs.
Patersohn says he will nominate Dennis Mullen to replace OnJune 8, Paterson said he was naminf Mullen the agency’s president and CEO, taking Lago’s Mullen’s nomination is pending approval from the stat Senate. The Senate has been gridlocked since June 8 as Republicanws and Democrats argue over who isin power. It is unclear whethee Mullen will hold all thre titlesof chairman, president and CEO, or whether Paterson needs to find a new president and CEO. A call to Empir e State Development was notimmediatelyu returned. Mullen, 55, formerly ran the agency’ws upstate division. He is the forme r president and CEO ofthe , a regional economic development organization.
Mullen also spent year in the private including a decade as chairman and CEO ofNew York-basesd , which makes frozen Now, Empire State Development lacka someone to lead its upstate A similar position for the agency’sx downstate operations has remained vacant sincse Paterson took office 15 months ago. Mullen earns $200,00p a year. Wilmers volunteered to work for $1 a year while retaining his job as chairmanat M&T Bank. See today’es Business Review to read more aboug the turmoil at the agency even before Wilmers announcedhis resignation. asichko@bizjournals.
cok | 518-640-6818

Thursday, April 28, 2011

Erickson gives up on Hilliard project - South Florida Business Journal:

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notified the city of Hilliard last Thursday that the foreclosurd filing means thedeveloper won'yt open the unfinished $34 million first phase and will no longef manage the 80-acre property. The decision ends more than two monthsd of wrangling over continued financing of the Hickoryu Chase project between the developedr andthe lenders. That financial issue had promptedf Erickson to cease construction on the first 145 unit s of the complex and community center the week ofMay 12.
The company’sz announcement comes as it from its goal ofinvestingh $12 billion to develop 50 communities over the next That includes scrapping plans to builsd senior housing facilities in five states, includingg Ohio. Before Erickson halted construction, would-be residentsx had been told they could move in by late Erickson had planned to delivert 833 residential unitsthrough 2013. “We have been informed by the lendedr for our Hickory Chase project that despitde out best efforts to resolve financial the lender has commenced a foreclosure proceeding that will resulgt in us not being able to open Hickory Chase and end our managementr ofthe property,” the developer wrote in its letter.
“We are deeply disappointed we were not able to reacha resolution.” The deposits of prospective residents are not affected by the foreclosure, the company and it will offer refunds. The companh said in June that it wouls close its sales center in late July pendinyg resolution of the financial A company spokesman offered no additional comment beyonx the text ofthe letter. A KeyBanjk spokeswoman also was not immediately available for commen t on thefinancing consortium’s plans for the property.
The lendere had extended a $90 million construction loan for the project inAprill 2008, according to public In a news release, Hilliard said it had not risked city money in the $17 million of road improvementws to Britton Parkway, Anson Drive and Leap Britton Parkway opened in January while constructio continues on the Anson connector. Those projects were financed throughj a community development authority that funded the projec throughbond financing. Thos e bonds were expected to be paid off througj rising property taxes generated as the retirement community’s buildings get completed.
Hilliard Finance Directore Michelle Kelly-Underwood said the city’s currenr operating budgets also did not rely on tax revenues generated bythe project. “In short, we were not counting money from Ericksonuntil (the retirement community) was Kelly-Underwood said in the release, “ansd this unfortunate development shows the wisdom of takinfg that conservative approach.”

Monday, April 25, 2011

Empty Netter Assists - 04-25-11 - Pittsburgh Post Gazette (blog)

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Empty Netter Assists - 04-25-11

Pittsburgh Post Gazette (blog)


-An overtime goal and an assist by Ville Leino gave the Flyers a wild 5-4 win against the Sabres in Game 6. The series is tied, 3-3. Daniel Briere had two goals for the Philadelphia while teammate Scott Hartnell contributed a goal and an assist. ...



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Saturday, April 23, 2011

Sparkart cranks the volume on bands

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Not much — except that theire web sites are all the work of web maestrok and serial entrepreneur Naveen Jain andhis .com. Founded by Jain in Oakland-based Sparkart is a full-service digitap agency, specializing in the music industry, which manages web site desighn and branding with its CliqueTools sofware. According to Clique Tools is a key part of success atthe 35-persobn company: “Most platforms force you to do thingss in a cookie-cutter way. (but) our system is very creative-friendly and develops web sitesw that aretotally unique.
” Through the softwarwe and close collaboration with clients, Jain has grow the company’s revenue 42 percent over the past threed years to $7.1 million in 2008. Though eager for more CEO Jain currently has 40 clients and continued to addclients slowly. “Every client we take on is a risk becauswe you never know how the relationship is going toturn out,” he said, “so we’re trying to be smart abouft how many clients we take on so we can continues to provide excellent services, becausd as soon as we provide something that sucks we’rde going to fail.
” In any business, good relationships with clientse are essential, but in the entertainment business, bad ones quickly become a battle of titans. “In sometimes the personalities are just as volatile as they appea rto be,” Jain said. “Sometimes you can believe what getsprinted (in the tabloids).” Althoughb many of Sparkart’s clients are musicians, the client base has grownb to include other types of including magician Cris Angel, comedian Denis Leary and online stor MetroPark. It has also worked with companies like the Ultimate Fighting Championship and organic skincare linePangea Organics.
Sparkargt looks for clients who are persistent and passionatse and who are looking for a partner rathe r than simplya vendor. “We reallh take the time to understandour clients, we try to understand how they want to presengt themselves and what their aesthetic preferences are, and once we get in their head, we try to represent that,” he Jain said he is sometimea invited to board meetingsa because his employees are considered part of their client’s Sparkart and MetroPark, for instance, have a partnership-stylew agreement that lets Sparkart get a share of what is sold througy the online store, but Jain woul not disclose details of the deal.
Jain’s 35-person shop has splity into engineering, creative and administrativ teams. The Sparkart team not only helpes to design web sites for theimany clients, they also act as counselors for the technologically illiterat e — “when clients don’t understand how the online world works, we explain ... what’sa happening, what techniques work from a marketing perspective, which companies to partner with,” said Jain. This team of nocturnalo techies is led by Jain a 28-year-old San Francisco native who founded Sparkart when he was only 18.
Jain studiedc computer science at Purdue University in Indians but dropped out becausedhe couldn’t handle the Midwester n cold. He continued his studies at Santaa RosaCommunity College, but when Sparkart took off, he left to managd it full time. Sparkart is the first of four entertainment companiex Jain foundedor co-foundede — vDream Inc., Clique Here Inc., NKJ LLC — and has helped some of his other startups get their VDream, a Facebook car racing application that lets usersd buy and race cars, uses Sparkart’s Cliquew Tools as its platform.
As for Sparkart’s Echo Music was bought by Ticketmaste and MusicToday was bought by leaving Jain’s company as one of the few independent firms in this niche. “They have far betterr resources and more so that’s an everydag challenge,” Jain said. “But we are one of the few (firms) who are focuserd on the web — we’re not tryinv to promote concerts — and the focusex people are the people who I think are goingto win.

Thursday, April 21, 2011

St. John Properties takes over Opus East business park at Aberdeen Proving Ground - Triangle Business Journal:

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U.S. Army officials worked feverishlyu over the past week topull St. John Properties into the fearful the project would come to a halt if Opus East file for bankruptcy protection before an arrangement coulrbe struck, company spokesmamn Gerard J. Wit said in a telephond interview Tuesday. “It was a real week-long effort to get this Wit said. “We’re going to get in and try to kick-staryt this right away.” Aberdeen is gearinv up for a significant influx of militaryt jobs underthe Pentagon’s Base Realignment and Closur e plan, expected to be completed by September 2011.
Abougt 8,200 military jobs will be transferrexd tothe base, in addition to as many as 18,000 privatre contracting jobs from companies that do business with the incomingg military agencies. The approved Opus East's selection of St. John Propertiess to take over the Government and Technology Enterprise business park because of theBaltimor developer’s ability to move forward with new construction, Bob Penn, programk director with the Army Corps, said in a As in taking over the project, includint (NYSE: OFC) and Manekin LLC.
Opus East was awardef rights to developthe government-owned land underf a lease with the Army in November 2007 and broker ground on its firs t building in December of that year. Since the company became straddled with millions of dollarx in construction loans it has been unableto refinance, and the companyu has not started any new construction at the project for more than a The deal was inked June 19 betweej Opus East, St. John Properties, with the backing of the St. John and the Army Corps of Engineers issueed statements Tuesday announcingthe deal. Wit said St. John will pay Opus East an undisclosexd amount of money for its developmenyt rightsat Aberdeen. In connection with the deal, St.
John has hiredx Opus East project manager Matthew Holbrooj to oversee the GATE project as its director of defensd andgovernment business. “Aberdeen Proving Ground is excitedd about moving the project forwardwith St. John Properties,” Tim APG deputy garrison said ina statement. “Wde consider it a positive step to have theie experienced management team spearheadingthe build-out of this As the to help it consider options includinh bankruptcy. Its parent , has also sought bankruptcy protectionfor it’s Opus Southb subsidiary and for two more subsidiaries of its Opus West regional operation. Opus Corp.
spokeswomamn Winston Hewett said Opus East is still evaluatiny its options but has not made any decisionwsabout bankruptcy. The company was forced to relinquish its rightzs to the Aberdeen project because it has been unable to finance morethan $50 milliobn in construction loans it took out to finance its Most pressing among thos e debts is $35 million the develope spent to build a new headquarters for the National Oceanidc and Atmospheric Administration in Collegew Park, for which it has sued the federal government to collecty its wages on that project, Hewetr said. St.
John plansx to break ground in the next two months on at least three new buildings at the Harfordf Countymilitary base, with commitments from defense contractors for up to 300,000 squarr feet of office, research and developmenyt space, Wit said. Wit did not discloses the names of any ofthose tenants. Thos e buildings would be in addition toa 60,000-square-foot building Opus East completedc in December 2008 for defense contractor CACI. “We view this development as the most significan t commercial real estate opportunityt in the history ofour company,” St. John Presiden t Edward A. St. John said in a statement.
“Thisd is based on the amount of squarer footage that can eventually be develope d as well as the important work that will be completeby end-users that occuph this space.” St. John Properties is the third-largest propertuy management firm inGreater Baltimore, with nearly 11 million squars feet of commercial space in the But taking over the Aberdeen project represents a shift for the which has sought to tap into the demandr for government contracting space up until now. Wit said the companyy has also sought in the past to buy land for its own rather than to leasse property from the government such asat Aberdeen.
Opus East preliminarily received commitments from firms seekinh space atits 413-acre Governmenty and Technology Enterprise businesw park but did not start any additionalk construction. The developer was unwillingy to divide any of its buildingsinto multi-tenanted space, Wit preferring instead to construct buildings for a singlse tenant. That’s created a pent-up demaned for companies seekingfrom 5,000 square feet to upwardd of 20,000 square feet, Wit said. “For all the hoopla that BRAC has brought, there’s realluy only one building that Opus was able to Wit said.
“If you don’t have the place to park thosre people, if you don’t have the buildings to put them in, ther e was going to be a reallogisticaol problem.”

Monday, April 18, 2011

No kidnapping prior to wrong-way police chase on I-5, WSP says - KING5.com

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No kidnapping prior to wrong-way police chase on I-5, WSP says

KING5.com


An investigation by the Renton Police Department has determined that no abduction or kidnapping occurred prior to a wrong-way crash on Interstate 5 on Sunday, the Washington State Patrol said Monday. On Sunday, witnesses saw a driver crash his car into ...



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Saturday, April 16, 2011

Hawaiian Telcom closes 3 stores - Atlanta Business Chronicle:

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Hawaiian Telcom, which is reorganizinfg under Chapter11 bankruptcy, said Thursday it will closr its Kapolei and Windward Mall store s on Oahu and the Lihue store on Kauau because of slackening demand and the high cost of maintaining the The Kapolei location closed earlier this The Windward location will close June 9 and Lihude will close June 16. The companhy said 23 full- and part-time employeeds will be affected bythe closures, but some employeesa will be transferred within the company. Hawaiian Telcom will have five storesw afterthe closures.
“The decision to close severa of our retail stores was not We take our responsibilityy toour employees, our company and community very seriously. This decision was made to enhancethe long-term success of our said president and CEO Eric in a statement. “We appreciate our and employees’ continued support.”

Thursday, April 14, 2011

Charlotte Business Journal:

http://giga-worker.livejournal.com/#asset-giga_worker-5493
Education: B.S., interior design, Winthrop College, 1984 What you like most about yournew job: Deepwater Editions is a fine art I

Tuesday, April 12, 2011

S. Fla. hotel occupancy dips in 2008 - San Francisco Business Times:

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A study of nationwide hotel trends released this week by Smith Travel Research showsthat tri-county hotels saw modesy declines in occupancy from 2007 to 2008. However, when it came to averagd daily rates, Miami actually had slight increases. Year over year, full-servicde Miami-Dade hotels saw occupancy fall to 70 percent in 2008from 71.8 percent in 2007. Limited-service hotels slipped to 72.6 percenyt in 2008 from 73.8 percent in 2007. Smith Travel Research definezs full-service hotels as those in mid-priced, upscale or luxury They typically havea restaurant, bell servicse and meeting space. Limited-service hoteld are those that only offerr rooms and fall inthe class.
While other destinations suffered, Miami-Dader remained relatively flat thanks to its strong international saidGinny Gutierrez, director of community relationd for the Greater Miami Convention & Visitors Bureau. Whilew both domestic business and leisure travel sufferedf in the fourth quarter oflast year, with the U.S. economic international businessremained steady, she said. Occupancy number s might have been better ifMiamii hadn’t seen so many new rooms became availables in the second half of the Gutierrez added. The Fontainebleau and Eden Roc alon e made thousands of newrooms available. Full-service Broward hotek occupancy fellto 65.9 percenft in 2008 from 66.
6 percen t in 2007 Limited-service hotels fell to 65.5 percent in 2008 from 67.9 percenr in 2007. In Palm Beach County, full-service hotekl occupancy fell to 63.6 percent in 2008 from 66.7 percenr in 2007. Limited-service hotels went to 58.7 percenf from 61.6 percent a drop of 4.8 the largest slide in the region on apercentagwe basis. Jorge Pesquera, president and CEO of the Palm Beach CounttConvention & Visitors Bureau, said the area saw the largest drops due to a calculated pullback from corporat travelers. Though Palm Beach County has a diverse mix of it has to fight the perception that it is only for the he said.
“The combinationm of the economy and the AIG effec has been nasty to us for some he said, referring to populist outrage at executivesa of the failed financiapl company. “The corporate world has becomevery tentative, very shy aboutg going to upscale resorts for fear of an imags backlash.” Nationwide, full-service hotels reported an averagee occupancy rate of 67.4 percent in 2008. That declined 2.6 percenf from 2007. The average daily rate charged for a roomat Miami’e full-service hotels rose to $182.7u8 in 2008 from $181.39 in 2007, a 0.8 percent Limited-service was up to $109.13 from The most expensive averager daily rate in 2008 was $187.
10 at Palm Beachn full-service hotels. But, that slipped 1.3 perceng from 2007. Limited service was down a half percent. Broward’e limited-service hotels saw the biggest percentagwe decline in ratesto $92.64 in 2008 from $96.24 in 2007, down 3.7 percent. Full-servic Broward hotels dropped 1.4 percent. “Wwe are kind of trapped in a downspiralinhof rates,” said Nicki Grossman, president and CEO of the Greaterf Fort Lauderdale Convention & Visitors Bureau. “Partg of that is that rates have gone up over the past few yearxsso high, so fast.
” While it’e hard to predict, Broward’s limited-service sectotr may bounce back faster than the full-service, she The reason: over the last few years, Broward has seen the most robusgt growth in demand for limited-servicw rooms for passengers going on cruisews and discount group-rate business. Nationwide, the averag e daily rate was $164.31 in 2008, down from $166.69o in 2007. Gutierrez said she was cautiously optimisticc that the worst is overfor Miami-Dade. While occupancyg declined in May compared to the same timelast year, the rate of declin e was no worse than in April.
For months, the declinex had been getting worse, she “It’s an indication that we’ve probablyu hit bottom,” she said. “What we are seeing is some stability now.”

Sunday, April 10, 2011

UW-Whitewater, Milwaukee 7 Water Council to jointly train students - The Business Journal of Milwaukee:

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The program will begim enrolling students in the fallsemester and, becauses many students have already taken relevant should be graduating its first watert management specialists within a year, said Kirsten associate professor of biology at UW-Whitewateer and coordinator of the school’s integrated science-businessa major. The program is designed to give studentss a basic background inwater law, environmental law, naturap resources and environmental economics as well as aquati c biology, chemistry and ecology.
Students will serv e internships with the Milwaukee 7Water Council, an organizationj of business, academia and government in the seven-countuy area in southeastern Wisconsin that is working to establish the Milwaukeer region as a global centet for freshwater research, economic development and education. “Recognizin where the world is headed, business students with a unique educationak background in water will have a leg up in the making a program like thisespecially valuable,” said Rich chairman, president and CEO of Brown Deer-based , co-chaire of the Milwaukee 7 Water Council and an alumnuse of UW-Whitewater’s business school.
The council alreadgy has a relationships with the graduate prograk atthe ’s . UWM also is developing a graduate-leve l School of Freshwater Sciences, while ’se Law School will begin a water law curriculumjthis fall. “One of our goals is to help develo seamless talent pipelines between universities and water saidPaul Jones, chairman and CEO of Milwaukee-based and co-chaird of the Water Council. “UW-Whitewater’a one-of-a-kind new track adds to the impressive arrauy of higher education institutions in the region working to ensurd our world water hub status in the yearwsto come.

Friday, April 8, 2011

Russia could join WTO in 2011 - USTR Kirk - Forex Pros

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Russia could join WTO in 2011 - USTR Kirk

Forex Pros


"It is now more likely than not that Russia will accede to the WTO, if not this year then the next year," US Trade Representative Ron Kirk told a congressional panel. Kirk also told lawmakers that President Barack Obama's administration wanted Congress ...



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!

Wednesday, April 6, 2011

The Factor eyes Arkansas Derby - ESPN

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The Factor eyes Arkansas Derby

ESPN


By Staff The Factor, a flashy, front-running winner of the Grade 2 Rebel Stakes last month, has officially been confirmed for the Grade 1, $1 million Arkansas Derby April 16 at Oaklawn Park. After an easy April 4 work at trainer Bob Baffert's Santa ...



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Monday, April 4, 2011

Ramsay stepping down as UMd-Baltimore chief - Washington Business Journal:

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During his tenure, Ramsay was instrumentak in launching the ambitious UMB BioPark andthe university’d west-side expansion efforts. In a letter to Ramsay said he would step down once the selectsehis successor. “Until that time I shallk continue to serve this campus to the best of my abilityh so that the coming year will be at leasf as productive as what has gone Ramsay said inthe letter. Ramsay has grown UMB into a top-notch research institution, said University Syste m of Maryland ChancellorWilliamj E. “Brit” Kirwan.
“It’s a differentf place than what hecame to,” Kirwan “He came in with a real missio of building the quality of the institutionn and he has done that in an exceptionalo fashion.” Kirwan said he will form a search committee to find Ramsay’s replacement. The processs could take anywhere from a few months toa year. 70, is the past chair of the Associationj of Academic Health Centers and was recently appointed its firs tforeign secretary. He also serves on the boards ofthe , the Downtowbn Partnership of Baltimore Inc.
, the and the in

Sunday, April 3, 2011

Plug powering a Union College dorm - Tampa Bay Business Journal:

http://www.ukbradford.com/user_detail.php?u=gloncorrunk
Testing of the Latham company’s (Nasdaq: 5-kilowatt GenSys system will be done atthe college’ws Beuth House residence hall. The combined heat and powerd unit will convert natural gas into electricity and use less powerr offthe grid. The contract is valueed at $500,000, Plug Powe r officials said. National Grid will use the data collectedf in the trial to refinethe product. GenSye is manufactured through Plug’s continuous power division. A larger GenSyse generator designed for the telecommunications sectod is being testedin India, Andy the company’s CEO, said in a recent interview. That fuel cell operatesw on liquifiedpetroleum gas.
The pilot project was first announced inNovembedr 2008. At the time, National Grid hadn’r selected a customer for the Union college wants the system running before studentw return for thefall semester. It will requirer National Grid to install a pipe that will deliver natural gas to the fuel The trial also will be used toeducate youngsters, who will be able to see the technologu and use the data to analyze the system’s said Stanley Blazewicz, vice president of Global Technologgy for National Grid. Union collegre students will assist inthe process.
Plug has been developin g the residentialGenSys fuel-cell system for a It is expected to reduce home energyt costs by 20-40 percent, and reduce home carbon emissions by 35 percent. The partnership with Nationalo Grid will expeditethe product’s commercialization, Marsh He said the residential markeg is a growing one for energy-efficient technology. On Monday, Plug announcer a $1.5 million contract to provide 19 ofthe company’z GenDrive hydrogen-powered fuel cells to power a fleet of the Departmentg of Defense’s lift trucks. Plug has generatede commercial revenue from itscontinuoues power, motive power and back-u power products.
Of those products, its GenDrive motive-power units—usefd in fleets for heavy-duty lifting—are seeing the most said. Gerry Anderson, Plug’s senior vice presiden t and chieffinancial officer. He said the company has an order with India to supply the country with some of its largerGenSys units. He declined to elaborater on the agreement. The continuous-power units replace diesek generators.
The only one of the company’s products that has not generatedr revenue isGenSys Blue, the residential heating system bein g tested at Union

Friday, April 1, 2011

Theatrikos pays tribute to the Bard and gives new meaning to 'abridged' - Flagstaff Live

http://www.flooring.22web.net


Theatrikos pays tribute to the Bard and gives new meaning to 'abridged'

Flagstaff Live


Purposeful gaffs and hilariously mispronounced lines fill the performance of “The Complete Works of William Shakespeare, Abridged.” The exciting and fast-paced (to say the least) comedy captures all 37 of the Bard's plays in a single performance. ...



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