Wicked Local | Taunton veteran highlighted in Comcast's new job-hunting feature Taunton Daily Gazette Tech Sgt. Forte is a Navy veteran, an Air National Guard member who recently served six months in Iraq, and a highly skilled electronics and communications technician. Now, with the help of Comcast's On Demand service, and its recently unveile d feature ... Comcast offers veterans help in their job search |
Thursday, February 16, 2012
Taunton veteran highlighted in Comcast's new job-hunting feature - Taunton Daily Gazette
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Monday, February 13, 2012
Town retreat's bill more than $7000 - Lynchburg News and Advance
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Town retreat's bill more than $7000 Lynchburg News and Advance That's how much the 2011 retreat â€" where those goals were created â€" cost. The town spent the majority of that money on a consultant, Tyler St. Clair, who provided four separate days of training â€" two for town staff and two for council members in ... |
Saturday, February 11, 2012
Lane4 completes purchase of three Kansas City-area shopping centers - Kansas City Business Journal:
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million. The Kansas City Business Journao reported that the PrairieVillagde Shops, the Corinth Square shoppinf center in Prairie Village and the Fairwayh Shops in Fairway were under contracy to investors led by a Kansas City-based commercial real estatw brokerage and development firm. Highwoods (NYSE: based in Raleigh, N.C., disclosed the sale price in a Thursday The three shopping centers have a combined 2009 appraised value ofabout $64 million, accordingy to figures from the Johnson County Appraiser’w Office. The three shopping centerd contain 416,000 square feet combined and were, on 94.5 percent leased and 55 yearsz old, Highwoods said.
The properties generatde a combined annual cash net operating income ofabout $5.4 million. The new owners plan no “immediatew major changes” to the shopping centers, Jeff senior vice president and principaof Lane4, said in a separatse release Thursday. “We intend to enhancse and upgrade the centers as opportunitieas ariseover time, but these improvementws will not change their basic Lane4 President Owen Buckley said in the “We look forward to taking good care of them and feel they representr an excellent opportunity to invest in our community.
” Kansas City developer Jesse Clyde Nichols builty the grocery-anchored shopping centers in the mid-1900s, and the JC Nicholsd Co. sold them to Highwoods in 1998.
million. The Kansas City Business Journao reported that the PrairieVillagde Shops, the Corinth Square shoppinf center in Prairie Village and the Fairwayh Shops in Fairway were under contracy to investors led by a Kansas City-based commercial real estatw brokerage and development firm. Highwoods (NYSE: based in Raleigh, N.C., disclosed the sale price in a Thursday The three shopping centers have a combined 2009 appraised value ofabout $64 million, accordingy to figures from the Johnson County Appraiser’w Office. The three shopping centerd contain 416,000 square feet combined and were, on 94.5 percent leased and 55 yearsz old, Highwoods said.
The properties generatde a combined annual cash net operating income ofabout $5.4 million. The new owners plan no “immediatew major changes” to the shopping centers, Jeff senior vice president and principaof Lane4, said in a separatse release Thursday. “We intend to enhancse and upgrade the centers as opportunitieas ariseover time, but these improvementws will not change their basic Lane4 President Owen Buckley said in the “We look forward to taking good care of them and feel they representr an excellent opportunity to invest in our community.
” Kansas City developer Jesse Clyde Nichols builty the grocery-anchored shopping centers in the mid-1900s, and the JC Nicholsd Co. sold them to Highwoods in 1998.
Thursday, February 9, 2012
Private equity firms invest in Cannella Response Television - The Business Journal of Milwaukee:
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Two investors provided only private equity: and . ZM Capitalo is the private equity investmenf fundof ZelnickMedia. will provids mezzanine debt financing and an equity investmenrt through its VSS Structured CapitalII fund. All threes of Cannella Response’s new investors are basedc in NewYork City. Termsw of the transaction werenot disclosed. Cannella Responser will continue to be managed by its currentmanagemenrt team, led by founder and executive director Franik Cannella and CEO Robert Medved.
Cannella Responser Television executives are not disclosing who now holds a majority stake in the The investments by ZM Capital and Palladium Equity Partners will enable Cannella Response to accelerate its growtnh by investing in both new acquisitions and developing new servicez andmedia offerings, the company “ZM Capital and Palladium Equity Partners each bringh tremendous expertise and capital resources to the company as we expand our clienft relationships and bring new and excitingf media opportunities to the direct response television market,” Franko Cannella said.
Cannella Response Television is based in Burlington with regiona offices in Los Angeles and New Cannella Response Television was advised on the transactionb by a team from investment bankingf firmPetsky Prunier, New York City.
Two investors provided only private equity: and . ZM Capitalo is the private equity investmenf fundof ZelnickMedia. will provids mezzanine debt financing and an equity investmenrt through its VSS Structured CapitalII fund. All threes of Cannella Response’s new investors are basedc in NewYork City. Termsw of the transaction werenot disclosed. Cannella Responser will continue to be managed by its currentmanagemenrt team, led by founder and executive director Franik Cannella and CEO Robert Medved.
Cannella Responser Television executives are not disclosing who now holds a majority stake in the The investments by ZM Capital and Palladium Equity Partners will enable Cannella Response to accelerate its growtnh by investing in both new acquisitions and developing new servicez andmedia offerings, the company “ZM Capital and Palladium Equity Partners each bringh tremendous expertise and capital resources to the company as we expand our clienft relationships and bring new and excitingf media opportunities to the direct response television market,” Franko Cannella said.
Cannella Response Television is based in Burlington with regiona offices in Los Angeles and New Cannella Response Television was advised on the transactionb by a team from investment bankingf firmPetsky Prunier, New York City.
Tuesday, February 7, 2012
New name, new location for Wachovia Securities - The Business Journal of Milwaukee:
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So far, that’s about the worstr glitch the firm has experiencecd as it drops the name and adopts the brand and venerablrestagecoach symbol. “We’ve got a new level of says Glasco, Charlotte’s market managetr and managing director of theSouthPark office. “But the same advisersw who some of our clients have had for as many as 25 yearws are the same people doingthe job. It’s just a new Wells Fargo bought Charlotte-based at the end of 2008. It recently merged three southCharlottes wealth-management offices that had operated under the Wachovia Securitiesz name.
The combined group moved into a 22,000-square-foott office — the entire eighth floor at 6000Fairview Road. The officwe bears the name Wells Fargo Advisores and becomes the first Wachovia officd here to take thenew owner’s moniker. Glasco and his managemenyt team say the transitionb hasbeen smooth. New signsx will be installed in the nextfew months. Busineszs cards, letterhead and the phone greetings have already Former Wachovia Securities offices in Lake Myers Park, uptown — and around the country — are makingh the same transition. In the Queenj City, where Wachovia has long held more depositxs and has more employees than anyother it’s a big adjustment.
“Sometimes you answer the phone andsay ‘Welld Fargo Advisors’ and you have to sit theree for a second and take it in,” Glascoo says. But he’s confident in the firm’zs ability to adapt and Wachovia expandedits wealth-management business through a number of mergersw and acquisitions during the past decade or so. Glasco says Wachovia Securities wasa “melting pot” of Interstatw Johnson/Lane, Wheat First, Prudential First Union Corp. and A.G. Edwards Inc. Most of the Wellsz Fargo Advisors offices here will be run by employeew who have been involved with amerger before.
“We’vs been able to take the best from each of thosew companies andmove forward,” says Will productivity manager at the SouthPark “Our goal is to keep the focus on the clients. The only changew they should notice isthe logo.” Nationally, Wellss Fargo Advisors employs nearly 16,00p advisers who oversee $910 billion in client assets. The Charlotte officew are part ofthe company’s private-client group, whichh operates independently from the retail bank The SouthPark office employs 42 adviserw who oversee about $6 billion in client H.B.
Smith, a senior vice presidenrt and assistantbranch manager, says the Charlottw office is one of the largesg on the East Coast and has retained its stafff through the name change. “This has endedd up being a marquee location,” Smith He predicts Charlotte will be a desired destinationj for promising advisers throughoutfthe company. Glasco says business has fallebn off in recent months because of theturbulent market. And it’s normap for a few clients to move their investmentzs elsewhere during a transition period afteta merger.
But Glasco predicts a net gain by year end as investorxs seek out brokers to managetheir “Right now, we’re seeing a flight to quality and name recognition,” he “And Wells Fargo is one of the most well-known brandsw in the world. That offers us a lot of Now, he just needs to keep the wheels onthe
So far, that’s about the worstr glitch the firm has experiencecd as it drops the name and adopts the brand and venerablrestagecoach symbol. “We’ve got a new level of says Glasco, Charlotte’s market managetr and managing director of theSouthPark office. “But the same advisersw who some of our clients have had for as many as 25 yearws are the same people doingthe job. It’s just a new Wells Fargo bought Charlotte-based at the end of 2008. It recently merged three southCharlottes wealth-management offices that had operated under the Wachovia Securitiesz name.
The combined group moved into a 22,000-square-foott office — the entire eighth floor at 6000Fairview Road. The officwe bears the name Wells Fargo Advisores and becomes the first Wachovia officd here to take thenew owner’s moniker. Glasco and his managemenyt team say the transitionb hasbeen smooth. New signsx will be installed in the nextfew months. Busineszs cards, letterhead and the phone greetings have already Former Wachovia Securities offices in Lake Myers Park, uptown — and around the country — are makingh the same transition. In the Queenj City, where Wachovia has long held more depositxs and has more employees than anyother it’s a big adjustment.
“Sometimes you answer the phone andsay ‘Welld Fargo Advisors’ and you have to sit theree for a second and take it in,” Glascoo says. But he’s confident in the firm’zs ability to adapt and Wachovia expandedits wealth-management business through a number of mergersw and acquisitions during the past decade or so. Glasco says Wachovia Securities wasa “melting pot” of Interstatw Johnson/Lane, Wheat First, Prudential First Union Corp. and A.G. Edwards Inc. Most of the Wellsz Fargo Advisors offices here will be run by employeew who have been involved with amerger before.
“We’vs been able to take the best from each of thosew companies andmove forward,” says Will productivity manager at the SouthPark “Our goal is to keep the focus on the clients. The only changew they should notice isthe logo.” Nationally, Wellss Fargo Advisors employs nearly 16,00p advisers who oversee $910 billion in client assets. The Charlotte officew are part ofthe company’s private-client group, whichh operates independently from the retail bank The SouthPark office employs 42 adviserw who oversee about $6 billion in client H.B.
Smith, a senior vice presidenrt and assistantbranch manager, says the Charlottw office is one of the largesg on the East Coast and has retained its stafff through the name change. “This has endedd up being a marquee location,” Smith He predicts Charlotte will be a desired destinationj for promising advisers throughoutfthe company. Glasco says business has fallebn off in recent months because of theturbulent market. And it’s normap for a few clients to move their investmentzs elsewhere during a transition period afteta merger.
But Glasco predicts a net gain by year end as investorxs seek out brokers to managetheir “Right now, we’re seeing a flight to quality and name recognition,” he “And Wells Fargo is one of the most well-known brandsw in the world. That offers us a lot of Now, he just needs to keep the wheels onthe
Sunday, February 5, 2012
Banks' entry alarms Realtors - Philadelphia Business Journal:
mcfarlainofuqub1258.blogspot.com
The Federal Reserve Board and the Treasury Departmeng have proposed a regulation that would alloew banks to handle brokerage and propertymanagemenft work, taking a bite out of some of the core taskas conducted by a Under the proposed rule, banks coul d market homes for sellers and line up buyers, as well as leasde and manage properties. The beauty of such a regulation for the bank s is that they could be the originatoer of mortgages on the propertiezs and also try to sell the partiesd on otherbank services. The bankes also contend that this woulcd streamline realestate transactions. Not the National Association of Realtors is having a fit over the proposa l and is fixing tofight it.
It has rallies its members to oppose the proposal between now andMarcgh 2, the end of a designated comment No word yet from commercial real estatse groups on their position on the matter even though it will also applyu to their work. Clearly, Realtors want to protect what they considersa their territory and fear that the if adopted, would lead to a deterioration of business. The national association believesz that the rule would open up the floodgates for banksw to gobble up small and large real estate agencies to gain market share and even driv e some brokerages out of In turn, several large banks coulx dominate the real estated industry, according to the group.
The organization also believea that it would be only a matter of time before just a few largew banks would control the realestate brokerage, relocation and management business. The proposakl would not only affect residential real estate but alsocommercial properties, permittiny banks to handle leases negotiations, rent collections and sales. Anotherf of the association's fears is that banks will be more concernedx about hawking their services during a real estatd transaction and will not adequately serve the needs of a home buyeeor seller.
"Banking-controlled real estate brokerages will becom e marketing arms of mortgage departments and otherd servicesbanks sell," the associatiom said in a statement. "We're concerne they will be more interested in makinbg a loan or selling mortgager insurance than helping a buyer find the best The group also contends that such a relationship could lead to higher costs if banks decide to bundlreand cross-sell products and services through its captivwe real estate brokerage subsidiaries.
the association said it's also worried that banks will shared confidential customer financial data with their real estatsbrokerage divisions, which could create an "unfair competitive advantage" over independent Realtors who don't have accesw to such information. The rule at issue, referredx to as the Gramm-Leach-Bliley Act of 1999, is the same rule that allowede banks to enter into the securities and insurancewbusiness . One of the more interesting highlights from the recentyannual Insignia/ESG forecast meetingg concerned the industrial real estate market.
By all accounts, industrial spacee continues tobe tight, with rents on an In the western which have more than 154 million square feet of industrial space, the vacancuy rate was 7.7 percent with rente ranging between $4.24 to $5.25 a square Noted was the constructionj of several buildings in the 40,000-square-foot to 60,000-squaree foot range instead of the largere shells. About 750,000 square feet of industrial space constructes last year were in thesesmaller blocks. In Philadelphia, it'es not just rents that are goinhg up but the price of industrial land, too.
Demand for properties in KeystonOpportunity Zones, which grants certai n tax relief to owners and businesse s locating there, has driven up the pricwe of industrial land during the last year, according to the For example, the price for an acre in Northeasy Philadelphia stood at $77,000 an acre at year-ends compared with $52,000 an acre the previouw year. GMAC Commercial Mortgage Corp., based in Horsham, Montgomery County, has established GMAC InstitutionalAdvisors LLC, which will focua on the real estate investment needs of institutional GMAC Commercial has received approval for the new subsidiaru from the Securities and Exchange The company's investment management business had centered exclusivelyy on commingled investment vehicles that acquired below-investment-grades commercial mortgage-backed securities.
The new subsidiary will branchg out toinclude investment-grade securities and also offer a variety of equity products. GMAC Commercial alreadh has $1.8 billion of assets under management, includin about $1 billion of CMBS investments and $800 millioj in a proprietary real estate Two Center City architectural firms have been retained to handlse what is considered one of thelargest -- if not the largestt -- casino-hotel project in Atlantic The joint venture firm of Bowerf Lewis Thrower and Cope Linder Associates were commissioned by big casino operators Boyd Gaming and MGM Miragde to complete The the first Las Vegas-style mega resortt to hit Atlantic Boyd Gaming and MGM Mirage are doinb the $1 billion project in a jointt venture.
The Borgata, or villagre in Italian, will boast an Italia motif. It will have a 2,010-room hotel as well as a 120,000-square-foot casino, 11 restaurants, and a European health spa, among othere amenities.
The Federal Reserve Board and the Treasury Departmeng have proposed a regulation that would alloew banks to handle brokerage and propertymanagemenft work, taking a bite out of some of the core taskas conducted by a Under the proposed rule, banks coul d market homes for sellers and line up buyers, as well as leasde and manage properties. The beauty of such a regulation for the bank s is that they could be the originatoer of mortgages on the propertiezs and also try to sell the partiesd on otherbank services. The bankes also contend that this woulcd streamline realestate transactions. Not the National Association of Realtors is having a fit over the proposa l and is fixing tofight it.
It has rallies its members to oppose the proposal between now andMarcgh 2, the end of a designated comment No word yet from commercial real estatse groups on their position on the matter even though it will also applyu to their work. Clearly, Realtors want to protect what they considersa their territory and fear that the if adopted, would lead to a deterioration of business. The national association believesz that the rule would open up the floodgates for banksw to gobble up small and large real estate agencies to gain market share and even driv e some brokerages out of In turn, several large banks coulx dominate the real estated industry, according to the group.
The organization also believea that it would be only a matter of time before just a few largew banks would control the realestate brokerage, relocation and management business. The proposakl would not only affect residential real estate but alsocommercial properties, permittiny banks to handle leases negotiations, rent collections and sales. Anotherf of the association's fears is that banks will be more concernedx about hawking their services during a real estatd transaction and will not adequately serve the needs of a home buyeeor seller.
"Banking-controlled real estate brokerages will becom e marketing arms of mortgage departments and otherd servicesbanks sell," the associatiom said in a statement. "We're concerne they will be more interested in makinbg a loan or selling mortgager insurance than helping a buyer find the best The group also contends that such a relationship could lead to higher costs if banks decide to bundlreand cross-sell products and services through its captivwe real estate brokerage subsidiaries.
the association said it's also worried that banks will shared confidential customer financial data with their real estatsbrokerage divisions, which could create an "unfair competitive advantage" over independent Realtors who don't have accesw to such information. The rule at issue, referredx to as the Gramm-Leach-Bliley Act of 1999, is the same rule that allowede banks to enter into the securities and insurancewbusiness . One of the more interesting highlights from the recentyannual Insignia/ESG forecast meetingg concerned the industrial real estate market.
By all accounts, industrial spacee continues tobe tight, with rents on an In the western which have more than 154 million square feet of industrial space, the vacancuy rate was 7.7 percent with rente ranging between $4.24 to $5.25 a square Noted was the constructionj of several buildings in the 40,000-square-foot to 60,000-squaree foot range instead of the largere shells. About 750,000 square feet of industrial space constructes last year were in thesesmaller blocks. In Philadelphia, it'es not just rents that are goinhg up but the price of industrial land, too.
Demand for properties in KeystonOpportunity Zones, which grants certai n tax relief to owners and businesse s locating there, has driven up the pricwe of industrial land during the last year, according to the For example, the price for an acre in Northeasy Philadelphia stood at $77,000 an acre at year-ends compared with $52,000 an acre the previouw year. GMAC Commercial Mortgage Corp., based in Horsham, Montgomery County, has established GMAC InstitutionalAdvisors LLC, which will focua on the real estate investment needs of institutional GMAC Commercial has received approval for the new subsidiaru from the Securities and Exchange The company's investment management business had centered exclusivelyy on commingled investment vehicles that acquired below-investment-grades commercial mortgage-backed securities.
The new subsidiary will branchg out toinclude investment-grade securities and also offer a variety of equity products. GMAC Commercial alreadh has $1.8 billion of assets under management, includin about $1 billion of CMBS investments and $800 millioj in a proprietary real estate Two Center City architectural firms have been retained to handlse what is considered one of thelargest -- if not the largestt -- casino-hotel project in Atlantic The joint venture firm of Bowerf Lewis Thrower and Cope Linder Associates were commissioned by big casino operators Boyd Gaming and MGM Miragde to complete The the first Las Vegas-style mega resortt to hit Atlantic Boyd Gaming and MGM Mirage are doinb the $1 billion project in a jointt venture.
The Borgata, or villagre in Italian, will boast an Italia motif. It will have a 2,010-room hotel as well as a 120,000-square-foot casino, 11 restaurants, and a European health spa, among othere amenities.
Thursday, February 2, 2012
Minimize drilling's threat to clean air - Philadelphia Inquirer
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Minimize drilling's threat to clean air Philadelphia Inquirer By Greg Vitali Marcellus Shale natural-gas drilling is a significant source of air pollution, and as drilling expands, so will the risk to human health and the environment. The drilling, processing, and transportation of Marcellus Shale gas require ... |
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