ThinkProgress | BP claims feds are improperly withholding documents about estimated size of ... Washington Post But the deal doesn't resolve the Justice Department's claims against the company over the blowout, which triggered a deadly explosion on the Deepwater Horizon rig and spawned the nation's worst offshore oil spill. BP says the government is impro perly ... BP Claims US Hiding Evidence on Size of Gulf Oil Spill Daily Oil News: BP Claims US Covered Up 2010 Spill BP Workers Can't Sue Retirement Plan Over Spill, Judge Says |
Friday, March 30, 2012
BP claims feds are improperly withholding documents about estimated size of ... - Washington Post
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Wednesday, March 28, 2012
Vance Smith named GDOT commissioner - Atlanta Business Chronicle:
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Smith, R-Pine Mountain, a 17-year legislativw veteran who rose in the rankd to become chairman of the House Transportation wasthe board’s unanimous choics among from eight applicants. “I’m very excited,” he said followinhg the vote. “I’m ready to go to Smith succeedsGena Evans, who was fired by the board last February after a rocky tenure. Board members elected her by one vote in Octobef 2007 to becomethe agency’s first female commissioner. Although Evanx enjoyed the supportof Gov. Sonny Perdue, she soon came undere fire for slowing down the awarding of highwaconstruction contracts.
In her efforts to overhaup the agency’s operations, she turned up a huge backlog of projectse far beyondthe DOT’s fundin capabilities. It was Smith was lost out to Evanzsin 2007, and he quickly emerged as her likely successor to head the DOT, with its $2.4 billiohn annual budget and 5,4090 employees. “Vance is the right man in the righyt place at theright time,” said boarf member Larry Walker of Perry, who headed the commissionetr search team that recommended Smith. Smith takes over a position with less authorit than previousDOT commissioners.
During this year’s Generapl Assembly session, lawmakers approved a bill backesd by Perdue creating the position of director of planningf withinthe agency. Hourds after Smith’s election, Perdue appointed Todd Long, a former DOT to the planningdirector post. Long, who worked at the agency for 18 yeare before spending the last two yeards withthe , said he and Smity have worked well together in the past and will do so Smith said the new power-sharing set-upp didn’t diminish his desire for the commissioner’s job. “Ir it was something I didn’t feel comfortable I wouldn’t have put my name in the he said.
Smith, 57, will take officw on June 25 at a salaruof $175,000 a year. He said he will devote his full efforte tothe DOT, having sold his construction businesw last year. Gerald Ross, who has servesd as interim DOT commissioner since will return to his role asthe agency’s chiev engineer.
Smith, R-Pine Mountain, a 17-year legislativw veteran who rose in the rankd to become chairman of the House Transportation wasthe board’s unanimous choics among from eight applicants. “I’m very excited,” he said followinhg the vote. “I’m ready to go to Smith succeedsGena Evans, who was fired by the board last February after a rocky tenure. Board members elected her by one vote in Octobef 2007 to becomethe agency’s first female commissioner. Although Evanx enjoyed the supportof Gov. Sonny Perdue, she soon came undere fire for slowing down the awarding of highwaconstruction contracts.
In her efforts to overhaup the agency’s operations, she turned up a huge backlog of projectse far beyondthe DOT’s fundin capabilities. It was Smith was lost out to Evanzsin 2007, and he quickly emerged as her likely successor to head the DOT, with its $2.4 billiohn annual budget and 5,4090 employees. “Vance is the right man in the righyt place at theright time,” said boarf member Larry Walker of Perry, who headed the commissionetr search team that recommended Smith. Smith takes over a position with less authorit than previousDOT commissioners.
During this year’s Generapl Assembly session, lawmakers approved a bill backesd by Perdue creating the position of director of planningf withinthe agency. Hourds after Smith’s election, Perdue appointed Todd Long, a former DOT to the planningdirector post. Long, who worked at the agency for 18 yeare before spending the last two yeards withthe , said he and Smity have worked well together in the past and will do so Smith said the new power-sharing set-upp didn’t diminish his desire for the commissioner’s job. “Ir it was something I didn’t feel comfortable I wouldn’t have put my name in the he said.
Smith, 57, will take officw on June 25 at a salaruof $175,000 a year. He said he will devote his full efforte tothe DOT, having sold his construction businesw last year. Gerald Ross, who has servesd as interim DOT commissioner since will return to his role asthe agency’s chiev engineer.
Monday, March 26, 2012
Homes destroyed in fast-growing Colorado wildfire - Fox News
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Fox News | Homes destroyed in fast-growing Colorado wildfire Fox News The fast-moving fire burned at least 4 1/2 square miles, and residents of more than 900 homes were ordered to evacuate. Up to a dozen sm » |
Saturday, March 24, 2012
Incorporate color of the year into your home - Austin American-Statesman
ethelbertdiya3334.blogspot.com
Austin American-Statesman | Incorporate color of the year into your home Austin American-Statesman The hue is a vivacious alternative to last year's cheery honeysuckle, and design experts say it's easy to incorporate into any home. Pillows, bedspreads and tabletop accessories in this high-impact color can add spice to any room. Threads: Styles and colors for spring Brighten Your Home This Spring With The Season's Top Five Decorating Tips And ... |
Thursday, March 22, 2012
YRC Worldwide says it seeks pension reform, not federal bailout - Kansas City Business Journal:
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Last month, The Wall Street Journal reportefd thatOverland Park-based YRC (Nasdaq: YRCW) planned to seek $1 billio in Troubled Asset Relief Program fundsa — typically used for bankes — to help with its . But Chairmajn and CEO Bill Zollars, in a video postee on a YRC Web saidthe company’s main interest is pensiojn reform with the federal government’s help. “We’rwe not asking for a We don’t want any money from the federal Zollars said. “What we would like to do is be more competitivew in the marketplace and get rid of some of the costs thatreallyu don’t relate to how well we’re doinbg our business.
” The company pays about $40 millioh a month to 36 multiemployer pension fundxs for its roughly 38,000 unionizedx employees. Multiemployer pension funds have theird rootsaround 1980, when thousandx of unionized companies contributed, Zollars said. “Overt time, many of those companies have gone outof business,” he “The responsibility for providing retirees their benefits fell to the companied that remained. It was kind of the ultimate penalthfor success.” YRC now covers for many retirees who didn’ty work for the company, and remedyingb the situation requires some government help, Zollarw said. The company is starting discussionsxabout situation.
“What we would like to do is fix the structurapl inequities that exist today between multiemployee pension plansand single-employer he said. YRC has been postinf losses as a long freight recession continues, and it integrated To maintain liquidity, the companuy has been selling property and cuttinbg employee wages in return for ownership in the Now, YRC seeks to defer several months of pensiom payments, using real estate as collateral. The company lost $257.4 million in the firsty quarter on revenueof $1.5 billion, compared with a loss of $46.3u7 million, or 82 cents a share, in the same quartee a year earlier. YRC ranks No.
2 on the Kansazs City BusinessJournal ’s list of area public
Last month, The Wall Street Journal reportefd thatOverland Park-based YRC (Nasdaq: YRCW) planned to seek $1 billio in Troubled Asset Relief Program fundsa — typically used for bankes — to help with its . But Chairmajn and CEO Bill Zollars, in a video postee on a YRC Web saidthe company’s main interest is pensiojn reform with the federal government’s help. “We’rwe not asking for a We don’t want any money from the federal Zollars said. “What we would like to do is be more competitivew in the marketplace and get rid of some of the costs thatreallyu don’t relate to how well we’re doinbg our business.
” The company pays about $40 millioh a month to 36 multiemployer pension fundxs for its roughly 38,000 unionizedx employees. Multiemployer pension funds have theird rootsaround 1980, when thousandx of unionized companies contributed, Zollars said. “Overt time, many of those companies have gone outof business,” he “The responsibility for providing retirees their benefits fell to the companied that remained. It was kind of the ultimate penalthfor success.” YRC now covers for many retirees who didn’ty work for the company, and remedyingb the situation requires some government help, Zollarw said. The company is starting discussionsxabout situation.
“What we would like to do is fix the structurapl inequities that exist today between multiemployee pension plansand single-employer he said. YRC has been postinf losses as a long freight recession continues, and it integrated To maintain liquidity, the companuy has been selling property and cuttinbg employee wages in return for ownership in the Now, YRC seeks to defer several months of pensiom payments, using real estate as collateral. The company lost $257.4 million in the firsty quarter on revenueof $1.5 billion, compared with a loss of $46.3u7 million, or 82 cents a share, in the same quartee a year earlier. YRC ranks No.
2 on the Kansazs City BusinessJournal ’s list of area public
Tuesday, March 20, 2012
Indeed, The New iPad Is Hotter Than Its Predecessor (Updated w/Apple's Response) - AppAdvice
humojo.wordpress.com
AppAdvice | Indeed, The New iPad Is Hotter Than Its Predecessor (Updated w/Apple's Response) AppAdvice Now, it has been confirmed; Apple's newest tablet is indeed the hottest to date, and not necessarily in a good way. After five minutes of running GLBenchmark, the folks at Tweakers.net say the new iPad reached 92.5 Fahrenheit (33.6 degrees centigrade) ... Review: New iPad revolutionary in its subtlety of change The Warmth of Other iPads New iPad runs 10 degrees hotter than iPad 2, test shows |
Sunday, March 18, 2012
Swedish Christian Art Exhibition Depicting Jews As Rats Should Be Canceled - Huffington Post
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Swedish Christian Art Exhibition Depicting Jews As Rats Should Be Canceled Huffington Post The Simon Wiesenthal Center, a leading Jewish Human Rights NGO, is calling for the canceling of a Swedish Christian Art exhibition that depicts Israelis as gun-toting rats devouring the "Holey Land" [sic] and urges authorities to investigate if ... |
Friday, March 16, 2012
Merkel Leaves Door Open to Pool Bailout Funds - BusinessWeek
paramonaxogilozi.blogspot.com
Bloomberg | Merkel Leaves Door Open to Pool Bailout Funds BusinessWeek By Rebecca Christie and Tony Czuczka on March 16, 2012 German Chancellor Angela Merkel left the door open to boosting the euro-area financial backstop, saying that a decision on reinforcing the firew » |
Wednesday, March 14, 2012
Emails from above? Men say they received electronic communication from dead friend - New York Daily News
wilhelminadora4287.blogspot.com
New York Daily News | Emails from above? Men say they received electronic communication from dead friend New York Daily News By Nina Mandell / NEW YORK DAILY NEWS Emails from the account of Jack Froese, right, with a friend, have been going out to friends after his death. A group of friends in Dunmore, Pa., told the BBC.com that months after their fri end, Jack Froese, ... Friends receive emails from dead man's account |
Monday, March 12, 2012
Kendall
hihozeima.blogspot.com
million foreclosure lawsuit against the developer of theRivendelpl single-family home project in West Kendall. The Miami-basedf bank filed the foreclosure action on June 9against Miami-basedd Crestview II, Marsol One LLC and managinbg member Marcial Solis, according to records. The complaint target s 28 unsold homes and home sites in which is along MillerDrive (Southwest 56th between Southwest 167th Avenu e and the Miccosukee Golf and Country Club. After starting construction in 2004, Crestview II sold 103 homess in Rivendell from 2005 through the most recent sale in Fort Lauderdale-based attorney Charles Lichtman, who represents TotalBank in its demand for $12.
2 million on the outstanding did not immediately return a call seekinf comment. TotalBank reported having $86.4 million in late or unpaisd loans, or nearly 6.5 percent of its total as of March 31. In filed a foreclosure action against Crestview II and Solis overa $2.1 millionm mortgage.
million foreclosure lawsuit against the developer of theRivendelpl single-family home project in West Kendall. The Miami-basedf bank filed the foreclosure action on June 9against Miami-basedd Crestview II, Marsol One LLC and managinbg member Marcial Solis, according to records. The complaint target s 28 unsold homes and home sites in which is along MillerDrive (Southwest 56th between Southwest 167th Avenu e and the Miccosukee Golf and Country Club. After starting construction in 2004, Crestview II sold 103 homess in Rivendell from 2005 through the most recent sale in Fort Lauderdale-based attorney Charles Lichtman, who represents TotalBank in its demand for $12.
2 million on the outstanding did not immediately return a call seekinf comment. TotalBank reported having $86.4 million in late or unpaisd loans, or nearly 6.5 percent of its total as of March 31. In filed a foreclosure action against Crestview II and Solis overa $2.1 millionm mortgage.
Saturday, March 10, 2012
Wednesday, March 7, 2012
Estrogen taken alone is linked to lower breast cancer risk - Los Angeles Times
http://usbhero.com/remanufactured-vector-travel.html
Los Angeles Times | Estrogen taken alone is linked to lower breast cancer risk Los Angeles Times An analysis finds that women who took the hormone by itself after menopause had a reduced risk of developing breast cancer. But it's not quite that simple. Many women who used estrogen alone as hormone replacement the rapy after menopause had a lower ... Estrogen lowers breast cancer risk in some Estrogen pills reduce breast cancer risk in study of menopausal women Estrogen Lowers Breast Cancer Risk In Some Women |
Monday, March 5, 2012
Eden Township health-care district buys Dublin office complex - San Francisco Business Times:
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The seller was of Irvine, whic h developed the 7-acre complex, accordintg to district spokeswomanCassandra Phelps. Phelpds said she couldn't disclose the sales price, but added that the district hadpaid "w fair market price" for the property that would increasde over time as certain benchmarks are met. Another source familiaf with earlier discussions said a price in the vicinit of morethan $60 million had been The district originally founded Castro Valley's , and has shared governance of the hospitall with giant Sutter Health since 1998.
Dublin is outside the public district's which has raised some "I don't know why they would purchased a property outside the saida high-level source in the Bay Area health-care As various points, Triad had sought a hospital tenant interestefd in occupying part of the at Tassajara Road and Dublib Blvd., and considered developing a six-story, 100-bed hospitalp there, mystifying local hospital industry sources. the complex would have included three buildingwstotaling 178,000 square feet, according to Triad'sw original vision. Two buildings totaling abour 115,000 square feet have been and one is occupied bythe , also affiliatexd with Sutter, district officials said Jan.
9. The thirx building has yet to be The districtsaid it's been interestedx in the property since the summer of when Eden leased a 59,000-square-foot medical offic e building there. That lease was assumecd by Palo Alto Medical Foundatiojn about ayear later, and PAMF now has offices Last November, the district and Sutter reachexd an agreement under which Sutterr would pay to build a seismic replacement for the aging Castro Valley medicalk center and the district's board would give up its governanc role. According to Phelps, that agreement will kick in when constructionm begins on thereplacement hospital, which is expectedc by 2010.
The district will continue to own , currentlh operated by Sutter, and the Dublin officials said, and will continure to provide funding for health services in centraklAlameda County. "The board of directoras had the opportunity to purchase the property earlierthis year, in the fastest growing community in Alamedaq County -- a community with few medical servicea at the time," Dr. Rajendra chairman of the District said in a statement sent to the San FranciscooBusiness Times.
"We believe that having a presencew in the Dublin community placef the District in a stronger position to suppory the Castro Valley campus while expanding medicaol services for residents of eastern Castro Valley and While plans for the third building arenot developed, the site is zonec for use as medical office space and for an acute-cares hospital. District officials said they will continus to explore all optionxs forthe site, which could involve further development or a futur e sale.
Officials didn't clearly explainm why Eden Township woulsd buy a medical property to help supporty Eden Medical Center when Eden will no longef be affiliated with the district within afew
The seller was of Irvine, whic h developed the 7-acre complex, accordintg to district spokeswomanCassandra Phelps. Phelpds said she couldn't disclose the sales price, but added that the district hadpaid "w fair market price" for the property that would increasde over time as certain benchmarks are met. Another source familiaf with earlier discussions said a price in the vicinit of morethan $60 million had been The district originally founded Castro Valley's , and has shared governance of the hospitall with giant Sutter Health since 1998.
Dublin is outside the public district's which has raised some "I don't know why they would purchased a property outside the saida high-level source in the Bay Area health-care As various points, Triad had sought a hospital tenant interestefd in occupying part of the at Tassajara Road and Dublib Blvd., and considered developing a six-story, 100-bed hospitalp there, mystifying local hospital industry sources. the complex would have included three buildingwstotaling 178,000 square feet, according to Triad'sw original vision. Two buildings totaling abour 115,000 square feet have been and one is occupied bythe , also affiliatexd with Sutter, district officials said Jan.
9. The thirx building has yet to be The districtsaid it's been interestedx in the property since the summer of when Eden leased a 59,000-square-foot medical offic e building there. That lease was assumecd by Palo Alto Medical Foundatiojn about ayear later, and PAMF now has offices Last November, the district and Sutter reachexd an agreement under which Sutterr would pay to build a seismic replacement for the aging Castro Valley medicalk center and the district's board would give up its governanc role. According to Phelps, that agreement will kick in when constructionm begins on thereplacement hospital, which is expectedc by 2010.
The district will continue to own , currentlh operated by Sutter, and the Dublin officials said, and will continure to provide funding for health services in centraklAlameda County. "The board of directoras had the opportunity to purchase the property earlierthis year, in the fastest growing community in Alamedaq County -- a community with few medical servicea at the time," Dr. Rajendra chairman of the District said in a statement sent to the San FranciscooBusiness Times.
"We believe that having a presencew in the Dublin community placef the District in a stronger position to suppory the Castro Valley campus while expanding medicaol services for residents of eastern Castro Valley and While plans for the third building arenot developed, the site is zonec for use as medical office space and for an acute-cares hospital. District officials said they will continus to explore all optionxs forthe site, which could involve further development or a futur e sale.
Officials didn't clearly explainm why Eden Township woulsd buy a medical property to help supporty Eden Medical Center when Eden will no longef be affiliated with the district within afew
Saturday, March 3, 2012
Convention bureau to cut expenses 9 percent - Atlanta Business Chronicle:
haygoodfoafyga1359.blogspot.com
ACVB will freeze pay, change benefits providers and put a temporart freeze on new hires to help make up for flaggingy tax and privatesector revenues. Overall revenue is projectedc to bedown 3.2 percent for the bureaj in 2009. Overall, the bureau will cut expensezs by 9percent — mainly in payroll and related costsw — though it will boost its promotions budgeft slightly to help stimulate the sale of hotel room nights. Hospitality is an $11. 4 billion industry for Atlanta.
But with consumers cutting back on leisur travel and businesses slashing travel budgets, industry experts say Atlanta and citiez nationwide face a very difficult ACVB projects its revenues from taxes, membershipl fees, donations and donated services will be about $16.3 million. The nonprofit tourism agency plans to boost spendinvg on its promotional efforts in a year in whicyh it has a primes opportunity to capture lucrativetradeshow business. ACVB President-electt William Pate said the bureau hopes 2009 will bringy a big boost tofuture years.
The city playzs host to two Super Bowls of tradeshow Meeting Professionals International and the International Association of Exhibitionsxand Events. Pate said the bureauu hopes to ink deals for tradeshowswortj $250 million in economic impact during the two City officials might have approved a solution to one drawbackj to dining in downtown. A new regulation that allows valett parking on Peachtree Street downtown is turning into quite the draw for new restaurants and retailers. Robert Patterson, managing partner of the 180 , the redeveloperr of the bottom three floors of theformedr Macy’s downtown, said the city has given his project clearance for curbside valet parking.
Pattersonj said it’s a selling poiny for prospective retailers and restaurants that will occupy the buildingg along with anexhibition center. Developers expect to announce future retaiol and restauranttenants soon. Another restaurant that citerd valet parking as a bonus wasIl Mulino, the upscalw Italian concept that openecd recently in ’s One Ninety One Peachtree Tower. The terracottaq warriors sure know how to scares upa crowd. Michael Shapiro, the executive director of the , said “The Firsr Emperor: ” has quickly become “ther most popular exhibit we’ve ever had” based on advanced ticket salesand early-gate receipts.
The High has sold 100,00 advance tickets and 70,000 visitors have passef through the turnstiles in the firstthree weeks, Shapirok said. The High also noticed its largest-ever day-after-Thanksgiving with 7,000 attendees. The exhibit, which features archers and horses fromthe long-buried army of Firs t Emperor Qin, has been recognized as a top exhibit of 2008 by Time magazinwe and The . Shapiro said the exhibit could get an additional boostg in attendance in January after Brand Atlantsa begins its marketing campaign in earnest outsidsthe city.
The warriors exhibition and The and theGreat Pharaohs” exhibitiomn at is projected to bring more than 1 millionj visitors and a $150 million shot in the arm to the metr area’s economy. William the president-elect of the Atlanta Conventionh & Visitors Bureau, said the exhibits “cement the powerd of cultural tourism in the TheW Atlanta-Downtown Hotel & Residenceas is rounding out its managemen team. Susan Deluzain Barry has been namex director of salesand marketing; Jaly Bekele will be the directo of talent resources; and Maguy Larochelle is the director of revenue management. Last the (NYSE: HOT) hotel named Tim Dahlen its newgenerak manager.
The W Atlanta-Downtownh is set to open Jan. 27.
ACVB will freeze pay, change benefits providers and put a temporart freeze on new hires to help make up for flaggingy tax and privatesector revenues. Overall revenue is projectedc to bedown 3.2 percent for the bureaj in 2009. Overall, the bureau will cut expensezs by 9percent — mainly in payroll and related costsw — though it will boost its promotions budgeft slightly to help stimulate the sale of hotel room nights. Hospitality is an $11. 4 billion industry for Atlanta.
But with consumers cutting back on leisur travel and businesses slashing travel budgets, industry experts say Atlanta and citiez nationwide face a very difficult ACVB projects its revenues from taxes, membershipl fees, donations and donated services will be about $16.3 million. The nonprofit tourism agency plans to boost spendinvg on its promotional efforts in a year in whicyh it has a primes opportunity to capture lucrativetradeshow business. ACVB President-electt William Pate said the bureau hopes 2009 will bringy a big boost tofuture years.
The city playzs host to two Super Bowls of tradeshow Meeting Professionals International and the International Association of Exhibitionsxand Events. Pate said the bureauu hopes to ink deals for tradeshowswortj $250 million in economic impact during the two City officials might have approved a solution to one drawbackj to dining in downtown. A new regulation that allows valett parking on Peachtree Street downtown is turning into quite the draw for new restaurants and retailers. Robert Patterson, managing partner of the 180 , the redeveloperr of the bottom three floors of theformedr Macy’s downtown, said the city has given his project clearance for curbside valet parking.
Pattersonj said it’s a selling poiny for prospective retailers and restaurants that will occupy the buildingg along with anexhibition center. Developers expect to announce future retaiol and restauranttenants soon. Another restaurant that citerd valet parking as a bonus wasIl Mulino, the upscalw Italian concept that openecd recently in ’s One Ninety One Peachtree Tower. The terracottaq warriors sure know how to scares upa crowd. Michael Shapiro, the executive director of the , said “The Firsr Emperor: ” has quickly become “ther most popular exhibit we’ve ever had” based on advanced ticket salesand early-gate receipts.
The High has sold 100,00 advance tickets and 70,000 visitors have passef through the turnstiles in the firstthree weeks, Shapirok said. The High also noticed its largest-ever day-after-Thanksgiving with 7,000 attendees. The exhibit, which features archers and horses fromthe long-buried army of Firs t Emperor Qin, has been recognized as a top exhibit of 2008 by Time magazinwe and The . Shapiro said the exhibit could get an additional boostg in attendance in January after Brand Atlantsa begins its marketing campaign in earnest outsidsthe city.
The warriors exhibition and The and theGreat Pharaohs” exhibitiomn at is projected to bring more than 1 millionj visitors and a $150 million shot in the arm to the metr area’s economy. William the president-elect of the Atlanta Conventionh & Visitors Bureau, said the exhibits “cement the powerd of cultural tourism in the TheW Atlanta-Downtown Hotel & Residenceas is rounding out its managemen team. Susan Deluzain Barry has been namex director of salesand marketing; Jaly Bekele will be the directo of talent resources; and Maguy Larochelle is the director of revenue management. Last the (NYSE: HOT) hotel named Tim Dahlen its newgenerak manager.
The W Atlanta-Downtownh is set to open Jan. 27.
Thursday, March 1, 2012
Equitable Building auctioned for $30M - Birmingham Business Journal:
polinaagyvtiwu.blogspot.com
The new owner, , an affiliate of Capmarok Bank, bought the 33-story tower for $29.t5 million, said attorney William Rothschild, with law firm . Sutherlanx was representing the lender, , which was foreclosingt on theEquitable Building. Capmarok was the only bidder on Equitable as most commercial real estateobservers Equitable's former owner, San Diego-basesd , paid about $57 million to acquire the buildiny in 2007, but its value plummeted to $42 million by earlg 2009.
Equastone received 90 percentg financing from Capmark toacquire Equitable, but planse to stabilize the building's occupancy and turn it into an income-producinv asset never materialized amid the wors commercial real estate crisis in 20 The tower -- designex by renowned architectural firm -- has remainedf about half occupied this year. is managing and leasingv the building. It's expected to court the Fulton Countygpublic defender’s office, which is seeking at leastt a 50,000-square-foot lease downtown. The public defender'x office was looking at the Equitable but the financial crisis facing the tower helped derai lthe move.
Rothschild was assister in the transactionby Sutherland'xs Jason Kirkham.
The new owner, , an affiliate of Capmarok Bank, bought the 33-story tower for $29.t5 million, said attorney William Rothschild, with law firm . Sutherlanx was representing the lender, , which was foreclosingt on theEquitable Building. Capmarok was the only bidder on Equitable as most commercial real estateobservers Equitable's former owner, San Diego-basesd , paid about $57 million to acquire the buildiny in 2007, but its value plummeted to $42 million by earlg 2009.
Equastone received 90 percentg financing from Capmark toacquire Equitable, but planse to stabilize the building's occupancy and turn it into an income-producinv asset never materialized amid the wors commercial real estate crisis in 20 The tower -- designex by renowned architectural firm -- has remainedf about half occupied this year. is managing and leasingv the building. It's expected to court the Fulton Countygpublic defender’s office, which is seeking at leastt a 50,000-square-foot lease downtown. The public defender'x office was looking at the Equitable but the financial crisis facing the tower helped derai lthe move.
Rothschild was assister in the transactionby Sutherland'xs Jason Kirkham.
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