Friday, March 30, 2012

Dealer plans February opening for Rocklin Mercedes-Benz - Sacramento Business Journal:

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The steel is up and the floors are poured forthe building, which, at more than 60,0000 square feet, will house new-car sales and service at Granite Court. Grinzewitscuh anticipates the dealership, whichb fronts Interstate 80, will open by mid-February. At $17.5 million for the buildingh andanother $2 million for equipmentr and furniture, the project is ’ds most expensive. The cost of the project increasesd byabout $1.5 million when workers “ran into rock” preparing for a retaininv wall. But, Grinzewitsch acknowledged, it is Rocklin. Von Houseb has offered service at the site sincw 1998 andadded used-car sales this year.
The new buildinv will display 20 to 25 cars on the first floor and four cars on the second Grinzewitsch said. For customers needin g a bite, the dealership will have a It also will add 38 service bays to the eight existin g ones onthe property. The Mercedes-Benz dealershi p will display more than 200 new and used Grinzewitsch expects to create 50 jobs within the first year. He said the nation’s credi t crisis has had no effecy onhis project, thanka to continued funding from the Grinzewitsch realizes he’ll be openiny before car sales likely recover from the currentf slowdown, but he’s not deterred.
“We’re prepareds to hunker down if wehave to,” he “We just run lean and mean.” His servicwe and used-car sales operation in Rocklin is as is his El Doradop Hills Mercedes-Benz dealership, he said. The loca l tanning salon chain has bought a building that more than doubleds the size of its corporate offics and will open two more stores in the nextfew months. The Roseville company, which has 24 locations, expectsd to add about five storesnext year. Michaelo Blore, who owns the business with his Ashleigh, bought an 11,000-square-foot building at 1316 Blue Oaks Blvd. in The company has leased 5,000 square feet at 8265 for abouta decade.
The 24-employeer headquarters will move to the new officee by the end ofthe year. The business is fundingy the purchase witha $1.9o million loan from the . U.S. Bank also has been “reallyu instrumental with our growth,” Michael Blore said. “Itr was really critical for he said of thenew “We were busting at the seams Workers were sharing desks, he added, and the company needed more spacr for training. Scott Rush at represented the Blores in thebuildinhg purchase. California Sun Centeras is continuing to expanfd despite theeconomic woes. Business is Michael Blore said. “We’re not invincible, that’as for sure.
We’ve really chopped our advertising he said. But the challenging economyg also offersgreat opportunities, including some enticing lease “We’re getting some great deals,” he said.

Wednesday, March 28, 2012

Medtronic

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million to competitor for damages related to a pateny infringement verdict from a federal Circuit Court. The court reviewed a December 2007 verdict, which claimesd that Medtronic (NYSE: MDT) had infringerd on DePuy’s patent of a line of multiaxial screwsw used inspinal surgery. The courg affirmed a $149.1 million award for lost profits. But the courg reversed previous sanctions, which dropped $77.21 million in outright damagesand $10.5 million in fees and other costs.
The Vertex line of screwes is no longer onthe Memphis-based Medtronic Spinal and Biologics businesse president Steve La Neve said the rulingt “has no bearing on our current Vertex Select and OC Systems,” which are othedr spinal systems. The case will now be remandeed to a trial court for calculation of thereducedc judgment, which will include amounts both for post-judgment and pre-judgment interestf on the damages. Based outside of Medtronic isthe world’s largesft medical device company. Its spinalk and biologics business units are based in Memphisz where itemploys 1,550.

Monday, March 26, 2012

ASU, NAU, UofA presidents back Brewer

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percent sales tax. Arizona State Universityy PresidentMichael Crow, Northern Arizona University President John Haeger and Universityt of Arizona President Robert Sheltonn have come out in support of Brewer’se budget fearing proposals by the Republican-controlle Legislature will contain draconiajn cuts to school budgets. “While the governor’sx budget includes tens of millions of dollars of cuts for the threes stateuniversities – on top of the hundredsx of millions in cuts we have already taken those cuts are substantially less than the totalk cuts in the proposed legislative which includes an additional $90 milliob in university auxiliary fund sweeps,” said Crow in a “These funds include payments students have made for self-supportingf services such as the book store, residence hallz and cafeterias.
” Fiscal 2009 budget measures have promptedf layoffs, furloughs and program cuts at the universities and officials expecgt more cuts in the fiscap 2010 budget as the state facex a $3 billion to $4 billio n deficit. Crow said major cuts could mean closure of ASU West in northwesf Phoenix and its Polytechnid campusin Mesa. Brewer’s budgert would use federal stimulus money and the sale s tax increase to mitigate cuts in education andhealtuh care. In addition to asking voter for thetax boost, she is proposingh a ballot proposition to allow the Legislatured to adjust voter-mandated spending. NAU’s Haeger has written Brewerd offering to help to promotethe budget.
Brewer took over for Janegt Napolitano who resigned as governor tobecome U.S. Homelandf Security secretary. Anti-tax groups oppose Brewer’d proposed sales tax increase saying consumer spending isalready strained.

Friday, March 23, 2012

ICS warehouse project to begin in September - Jacksonville Business Journal:

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The major obstacle obscuring that visioj wasremoved Aug. 17 when the city of Jacksonvills and the Spence family finalized a settlemenrt agreement with regardingThe . ICS' lease agreement had been put on hold durintg that dispute when the cityGeneral Counsel'x Office advised the port authority board that the financial viabilitu of ICS' project could be jeopardized because ICS and the former developer of The Shipyards, are controlled by the Spenc family. The recent settlement agreement satisfied the final contingency that theport authority's boarxd imposed Aug. 2 when it approvex ICS' lease.
Port authority Executive Directot Rick Ferrin signed the lease agreement withICS Aug. 17, port spokesmanj Robert Peek said. ICS projects the new warehouss will create 45 to 60new jobs, according to a port authorit y news release. The lease agreement with ICS calls for the companyg to increase its annual payments to the port toabout $2 millionm a year. The port authority will make about $6 millionj in improvements to infrastructure at Talleyrand to go alonh with theestimated $21 million that ICS will spenx to build the warehouse.
however, said there is still some work to be done to meet his goal of startingg to build during Labor Day For starters, ICS has yet to completw a service agreement with UPM North the Illinois-based operating unit of Finland-based UPM, the international papef company that ICS is countingv on to be its major sourcr of revenue for the warehouse. "We do not have a signe contract withICS yet," said Rebeccs Theim, communications director for UPM North America.
"Obviously, we couldn'yt have a deal with ICS until they had a deal with the port But the fact that ICS and the port have signed their leasw is apositive development, Theim said, adding "we'rs continuing to negotiate with [ICS] and are hopefulk that we can reacjh an agreement." For his part, Browhn said the most important business terms have been agreedr on, such as a 10-year agreement with optionas to renew. "It's down to whered their counsel and ours are finishing up Brown said.
Other matters that must be finalized include acquisition ofMaster Terminal, also a port tenant, and a stevedorin g servicing agreement with Pioneer a sister company of Maste r Terminal. Also, ICS must complete its financinyfor construction. Brown said all of those details had been in the workas andwere "fast approaching" completioj before they essentially came to a halt when ICS got draggefd into the TriLegacy dispute. "We project abouy two to three weeks to get all this Brown said. "We hope to be closec and finished with everything by 3 and start construction by the week ofLaborr Day.
" Meanwhile, the port must finishj a lease amendment with another port tenant, whicj will essentially trade one acre of its leasexd property for two of Brown said UPM has been a grear partner and has been very patient while waiting for The Shipyards and Cecil Commercde Center resolution. But lately, that patience had showbn signs ofgrowing thin. In a June 7 e-mail from UPM Nortjh America General Counsel Terry McBride to Jacksonville Assistant General CounselGayle Petrie, McBride complained that approvap of ICS' lease had been put off a numbef of times in the past few monthsa due to concerns that "far exceedd the scope of legalp review by the Office of Generak Counsel.
" And he suggestec that the delays "could result in significant additionalp cost to the project and, if could threaten the project UPM, which is lookinhg to expand on the business it already does at the port'd Blount Island Marine Terminal, had grown so concernesd about the status of lease that it sent severak senior leaders to Jacksonville recently to get a first-hands explanation from Ferrin regarding what the hold-uo was. McBride told The Business Journalthat UPM, formerlt known as UPM-Kymmene, considered itselrf "the innocent party ...
caughtr in someone else's

Monday, March 19, 2012

Shirley Ann Jackson Executive Profile

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**All Executive profile data provided byDow Jones & Co., Inc.

Saturday, March 17, 2012

San Antonio Public Library trustee recognized nationally for efforts - San Antonio Business Journal:

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Brady is being honored nationwid for her role in earning greater recognition of the San Antonio Public Library ona decision-makinh level within the city. This has resulted in a consolidatee initiative to create a sustainable fundiny base for thelibraryg system. The city proposed designating a portion of the sales tax forlibrary funding. “Sinces her election to the Chair of the Board of Trusteesz of the San Antonio Public Jean has dedicated her time and energy to raisingvthe library’s profile with community decision-makers,” San Antoniok Public Library Director Ramiro Salazar says.
“More than just an advocate, she has demonstraterd leadership throughout her termof office, developing and implementing strategies to effectivelyt present the library’s case to both government and the communithy at large.” As board chair, Brady formed a Library Advocacy Committee that lobbiedx City Council and directed outreach She also created a speakers’ bureauu to make presentations about the library to civic organizations and communityt groups.
She also pivotal in finding platforms that communicated thelibrarg system’s role in quality of life “Jean’s community leadership skills made the San Antoniol Public Library not only relevant, but also critical to the livews of San Antonians,” says Eva director of libraries for the Denton Public Libraryh and chair of the 2009 Urban Player Award Selection Committee. Brady will also receives a checkfor $1,000. The Urbanj Libraries Council, based in Chicago, is a membership organizationn of publiclibrary systems. San Antoni o Public Library is managed by the City ofSan Antonio. www.urbanlibraries.
orv

Thursday, March 15, 2012

NY Senate remains in lock down - Business First of Buffalo:

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The Senate chambers remain locked shut two days after two Democratd sided with all 30 Republicans in a sudden move tooust Sen. Malcolm Smith, D-Queens, as majority leader. Democratzs argue that the vote is they have locked the doors to the Senated chamber and refuse to open Control of the Senate remainxs up inthe air; the bipartisan groupl of senators, and remaining Democrats, each say they control the The chaos has shut down the legislative process in the Senate. It also jeopardizes what few days remainm in the regular legislative which is supposed to end onJune 22. Democrats have held a 32-3p0 majority in the Senate sinces January, following victories in the November2008 elections.
It was the party’as first time in control of the chamber in almost45 years. On June 8, two downstate Democrats — Sens. Pedro Espadza Jr. and Hiram Monserrat e — voted with all 30 Republican tomake Sen. Dean Skelos, a Long Island the Senate’s new majority leader. Espada and Monserrat e both remain Democrats. The groupl also elected Espada as temporary presidentt ofthe chamber. That means Espadaz would become acting governorif Gov. Davisd Paterson were incapacitated or leavessthe state. The two positions are typicalluy held byone person. Chaos erupted in the Senatse chamber afterthe vote, and most Democratss walked out.
The live-feed of Senate proceedingd was promptly turned off afterthe vote, and the lightsd in the Senate were shut off for a few minutes. Amongg the outsiders who played a role in the processs isThomas Golisano, owner of the Buffalk Sabres and founder of Responsible New York, a groupo active in seeking reforms to the state'se political structure. The new, so-callee “bipartisan coalition,” planned to have a legislative session at3 p.m. The groupl is scheduled to vote on more than30 “We expect to have the session in the Senatd chamber,” said Scott Reif, a spokesmajn for Senate Republicans. “We could have it though; we’ve made that point.
” Democratzs say they will not unlock the doors to the Senate and that any votes taken today by the coalition are not Democrats also say that Smitjh is stillthe chamber’ss majority leader. Smith's spokesman, Austin Shafran, issuex a statement saying the "purported coup was an unlawfukl violation of New York states law and the Senats rules and we do notaccept it." "Thre Senate majority is fully prepared to go back to the people’w work, but will not enter the chamber to be governed by unlawfukl rules," Shafran continued.
"We plan to file an actiob for a temporary injunction to enjoin the Republicanw from illegitimately usurping authority from the peopler ofNew York.” By law, the majority leaded dictates when the Senatd officially goes into session. Paterson said beforw leaving for an afternoon economic roundtable in Buffalko that he wants the Senatd doors tobe unlocked, and for the senators to vote in the again, on who is majority leader. He pledged to work with whoever ends up electexmajority leader. “We could bring in OGS [the stat Office of General Services] and homelands security and blast through theSenat doors,” Paterson said sarcastically.
Patersonn has acknowledged that he has no power to dictaterthe process. “I may not like the process, but I’j not going to try to influence the They have to workthis out,” Patersoj said. “They have to act like Democrats continue toinvestigatd whether, or how, to take the bipartisab coalition to court over their Such a court case coulsd take weeks, or even months, to resolve, ensuring that the legislative session would have to be extended. Gary a spokesman for the state Courtof Appeals, said parties can ask judges to expedite cases. He said that ofte n happens withelection disputes.
The Court of Appeals is the highest court in the Spencer said he is not awarse of any provision enabling a case to go straighty to the Court of Appeals tobe decided, even if it involved a branch of state “In general, cases can be expedited. They just move on a faste track thanother cases,” Spencer “But even those do begin at the trial court and then the appellate division, and then the Courty of Appeals.

Tuesday, March 13, 2012

Rehabbed Allston site lands first tenant - Minneapolis / St. Paul Business Journal:

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The lease, announced Thursday by on behalf ofthe site’s includes 2,400 square feet on the first flooe of 226 Harvard Ave. and 11,000 square feet on the secon d floor. The three-story, 30,000-square-foot building was developecd on aspeculative basis, or without a tenant, beginningh in the first quarter of last year, said Jaso n Weissman, the founder and principal of Bostonn Realty Advisors. The Beyda Family purchased the which was previously agas station, in October of 2007. “There’ds not many retail deals that have happenedat all, nothing in the last six said Weissman.
Weissman is seeking other retail and officse tenants for the remainderf of the building which is located between a TJMaxxc andStaples stores. Asking rents for retai space in the buildingare $52 per square foot and the thirxd floor office space couldr rent for about $30 per square foot. Urban Outfitters was founded in 1970 and operates more than 130 storeds in theUnited States, Canada and The store sells women’s and men’s clothing and itemse for the home gearee toward 18- to 30-year-olds.

Sunday, March 11, 2012

New England starting lottery with `for life' prize - Boston.com

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New England starting lottery with `for life' prize

Boston.com


Beginning Sunday, the Lucky for Life tickets will go on sale for $2 apiece in Connecticut, Rhode Island, Massachusetts, New Hampshire, Vermont and Maine. The top prize is $1000 a day for a winner's life. The concept has been successful in Connecticut, ...



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Friday, March 9, 2012

Visual 2000 On-Demand Training program for fashion sector - Fibre2fashion.com

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Visual 2000 On-Demand Training program for fashion sector

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Visual 2000 International Inc. announces a new Visual 2000 On-Demand Training solution that provides clients with priority access to exclusive, remote training classes focused on their specific needs. Subscribers to the new premium service can invite ...



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Wednesday, March 7, 2012

Michael Jackson's death ends London comeback concert series by Anschutz's AEG - Sacramento Business Journal:

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The concerts were to be staged by Anschut EntertainmentGroup (AEG) at London'z 20,000-seat O2 Arena, formerly knownn as the Millennium Dome, which AEG operates. They were to be Jackson'zs first in 12 years. Jackson was declaredr dead Thursday at the UCLA Medica Center after paramedics called to his rented home nearbgy could notrevive him. Jackson was in Los Angeles preparing for theLondob concerts. The singer's brother Jermaine said that Jackson sustained an apparentcardiac arrest, but an autopsg and toxicology tests were to begin Friday. Polics also are investigating the death in what officiala described as a routine procedure in sucha high-profilde death.
AEG and its Los Angeles-based unit are part of the Denver-basedr AEG also operates the Staples Centerr inLos Angeles, home of the Los Angeled Lakers, and many other besides being one of the industry's largest concert A spokesman for Anschutz declined to comment AEG Live posted a statement on its websitre that "a further announcement for ticket holdersz will be made in due course," and a spokeswoman said a statement on the situationm may be made later. Some $85 million in ticketds had been sold for the series of 50 billedas "This Is It," at prices for standard seats ranging from $80 to $125, . VIP "Thriller were sold at up to $1,300.
About 750,00p people had bought . The music-industry journal Billboard estimatecd potential profits from the showsat $115 millio n through ticket sales, VIP packages and merchandise, plus more from a proposex tour following the London dates. The Los Angeles Times that AEG Live had investee morethan $20 million in the show's Billboard placed the figure at $30 The Times said the show was to have featured as many as 22 sets as well as high-wire AEG Live CEO Randy Phillips, in a , called the show'ws technology "the most cutting edge ever employesd on a tour.
We're using technology that's never been used before in live News reportssaid Jackson, 50, had undergone an extensives physical recently in preparation for the series of showx to satisfy insurance requirements and had passe the medical tests. There have been reports that AEG at leastg initially had trouble getting insurance for the show But in theMay interview, Phillips said AEG Live "is well insured for the event" aftert having earlier said the company mighr have to "self-insure" the shows. ABC said Jackson "reportedly" had been paid a $10 millionn advance for the shows.
The singer -- once ranke d one of the wealthiest persons in showbusinessd -- died some $400 million in debt, according to news

Monday, March 5, 2012

Albany officials promote small-scale apartment conversions - Washington Business Journal:

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One example is at 370 Broadway, across from the Administration The upper three floors of thelate 19th-century building are being convertefd into six, 1,400-square-foot to 1,600-square-footg apartments that will rent for $1,80 this fall. A commercial tenant will be soughtr for thefirst floor. The owners dubbe the apartments TheMeginniss Flats, in honor of the old electrical companu whose name graces the rear of the buildinhg in big white letters that have faded over The sign is painted over the red brick facade and must be preserves because the property was built in 1898 and is in a historicf district. Financing small projects can be just as tricku as thelarge ones.
Even though the owners were armex with a feasibility study showing the potentialfor apartments, they weren’t able to get a bank loan because the real estatwe market had soured. “Nobody wanted to finance this saidMike Hannah, a tax attornety and certified public accountant. “Oned lender wanted us to put inanotherf $500,000 first.” Hannah and his partneras ultimately got $1 million in private financingb from sources in the Boston area. The interest-onlyt construction loan enabled them to buy materials and hire contractor to startthe renovations.
The apartmentd are located in a part of the city that could see big changes in years to come if a proposed convention center ever gets Plans call for the center to be located on the parking lots behined the row of buildings that includes370 Broadway. The decrepift Trailways bus station next to 370 Broadway would be demolishes to make way for a pedestrian plaza leading to theconvention center. Hannah and his partners aren’t counting on the conventionh center to make the apartmentxsa success. There have been many delays in the conventiomn centerplanning and, as of now, no commitmenrt from Gov.
David Paterson to fund the entire $230 million “I stopped even thinking about it,” said Hannah, who owns the buildin g with his wife, Michele Hannah, and anothed couple, Brenda Gould and Perr Gould. The Hannahs used to run a commercial priny shop on the first floor but sold it four yearsz ago whenbusiness declined. The Gouldzs became part owners of the property infall 2006. The partners are convincer there will be strong demand for the apartments from young professionals and empty nesters who want to live Those are the same demographic groupss that other developers havebeen targeting, though the tough financing climatr has stalled or killed two large, high-profile downtownh developments over the past year.
Plans for the 125-unit , a luxuruy condominium tower on nort h Broadway have been although saysit hasn’t given up. Nearby, plansd for an upscale 175-unit apartmenyt building and 125-room hote l are on hold while the land owner tries to sell thedevelopmentr rights. Small-scale residential projects areless profitable, but they are also more Over the past five or six there have been several conversions of upper-floor buildings into apartmentws within the boundaries of the Downtown Business Improvement District.