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.
Thursday, March 1, 2012
Tuesday, February 28, 2012
Phoenix Mayor Phil Gordon proposes green college campus downtown, looks for stimulus aid - Denver Business Journal:
http://www.skxksoftware.com/catalog/office-computer-order-209-94513/
The Phoenix mayor would like to see the sustainability campux located near 7th Avenue and Van Buren Street just west of thedowntowbn core. He said and would be the centerpieces of the new Downtown Phoenix already is home to a growinvg ASU campus and a biomedical center that features program from ASU and the Universityof Arizona. Thosew existing higher education assets are locatedin downtown’s core and to it easternj edges. The city of Phoenix has been lobbying federalpagencies — including the U.S. Departments of Education, Energg and Housing and Urban Development — to help fund the greej campus via the AmericanRecoveryh & Reinvestment Act of 2009.
The $787 billion federaol stimulus offers education and research grantes for solar and alternativer energy and in othersustainability niches. Gordonh will be in Washington next week talking to Obamasadministration officials, including Vice President Josephb Biden about the stimulus. That will include meetinge withthe U.S. Department of Labor about the sustainabilith effort as well as work forcse development fundingvia ARRA. Therde is a Rio Salado College adultr education center off of 7th Avenue nearFilmore Street. Gordon said Rio Saladop owns some other land and there are vacant parcels that coulx be used fora sustainability/greeb campus.
The campus would be geared toward environmental andsustainable architecture, engineering and workforce Gordon said more specific planas and details of the west downtown campus are being worker and could be unveiled this fall. ASU has been uppingv its green and sustainable programs at its Tempre andother campuses. Gordon, ASU President Michael Crow and the Greatere Phoenix Economic Council also want to bolsterthe Valley’ s solar energy production and make the region a centeer for alternative energy source. That includes Gordon wantin the city to become the Silicobn Valley for solar energy and reducethe Valley’ds urban heat island by paintinvg rooftops white.
The Phoenix mayor would like to see the sustainability campux located near 7th Avenue and Van Buren Street just west of thedowntowbn core. He said and would be the centerpieces of the new Downtown Phoenix already is home to a growinvg ASU campus and a biomedical center that features program from ASU and the Universityof Arizona. Thosew existing higher education assets are locatedin downtown’s core and to it easternj edges. The city of Phoenix has been lobbying federalpagencies — including the U.S. Departments of Education, Energg and Housing and Urban Development — to help fund the greej campus via the AmericanRecoveryh & Reinvestment Act of 2009.
The $787 billion federaol stimulus offers education and research grantes for solar and alternativer energy and in othersustainability niches. Gordonh will be in Washington next week talking to Obamasadministration officials, including Vice President Josephb Biden about the stimulus. That will include meetinge withthe U.S. Department of Labor about the sustainabilith effort as well as work forcse development fundingvia ARRA. Therde is a Rio Salado College adultr education center off of 7th Avenue nearFilmore Street. Gordon said Rio Saladop owns some other land and there are vacant parcels that coulx be used fora sustainability/greeb campus.
The campus would be geared toward environmental andsustainable architecture, engineering and workforce Gordon said more specific planas and details of the west downtown campus are being worker and could be unveiled this fall. ASU has been uppingv its green and sustainable programs at its Tempre andother campuses. Gordon, ASU President Michael Crow and the Greatere Phoenix Economic Council also want to bolsterthe Valley’ s solar energy production and make the region a centeer for alternative energy source. That includes Gordon wantin the city to become the Silicobn Valley for solar energy and reducethe Valley’ds urban heat island by paintinvg rooftops white.
Sunday, February 26, 2012
Mass. company says it has H1N1 vaccine - Atlanta Business Chronicle:
http://www.lz5az.com/2008/01/partnership-with-automattic-inc-owners-of-the-wordpressc/
The synthetic vaccine has not yet been testedein humans. Replikins CEO Samuel Bogoc h said the company is actively seeking a pharmaceuticak or academic partner to conduct clinical trials on the Replikins has developed a software platform that analyzess influenza viruses to determine how activethey are, by lookinh at a certain peptides — groupsz of amino acids — that replicate quickly. The company issued a press release a year ago warnintg that the swine flu was becominf more active and therefore more likely to bespreadd widely. The company says this same platformj makes it possible to engineerthose quickly-replicatinhg peptides into a vaccine.
The vaccine wouldr be in powder form and wouldbe re-hydratex for use in clinical trials. The companyt has also produced a vaccine to targetaviam flu. This vaccine has been tested in a groupl of chickens atthe , and the studu was completed earlier this year. Professor Mark Jackwood, who conducted the said he found “statistically significant results” for the bird flu vaccind by delivering it to the upper respiratory tract ofthe birds. The study has been submitted to anundisclosedd peer-reviewed journal. Synthetic vaccines are typically thoughyt to be less effective than those made from theviruses However, the vaccines can be brought to markeft much more quickly, once approved.
Tom a spokesman at the , said in an e-maipl there are currently no H1N1 vaccines inclinicalk trials. Skinner said the CDC has sent isolated samplesw of the live virus to seven institutions around the worldf that are trying to growa so-called “seed strain” that couldd potentially be turned over to vaccine manufacturers. Skinne r wrote, “We should be know by the end of May whicg institution has the most success growin g aseed virus.
The manufacturers wouldf then produce a small batch of vaccine to test in clinicalp trials and for the FDA to approvre before mass production The CDC said it will be late fall or earlhy winter before a traditional vaccine could be on the At least one otherMassachusetts Worcester-based Antigen Express, is also workinb on developing synthetic, peptide-basedc flu vaccines, but does not claimk to have isolated a swine flu
The synthetic vaccine has not yet been testedein humans. Replikins CEO Samuel Bogoc h said the company is actively seeking a pharmaceuticak or academic partner to conduct clinical trials on the Replikins has developed a software platform that analyzess influenza viruses to determine how activethey are, by lookinh at a certain peptides — groupsz of amino acids — that replicate quickly. The company issued a press release a year ago warnintg that the swine flu was becominf more active and therefore more likely to bespreadd widely. The company says this same platformj makes it possible to engineerthose quickly-replicatinhg peptides into a vaccine.
The vaccine wouldr be in powder form and wouldbe re-hydratex for use in clinical trials. The companyt has also produced a vaccine to targetaviam flu. This vaccine has been tested in a groupl of chickens atthe , and the studu was completed earlier this year. Professor Mark Jackwood, who conducted the said he found “statistically significant results” for the bird flu vaccind by delivering it to the upper respiratory tract ofthe birds. The study has been submitted to anundisclosedd peer-reviewed journal. Synthetic vaccines are typically thoughyt to be less effective than those made from theviruses However, the vaccines can be brought to markeft much more quickly, once approved.
Tom a spokesman at the , said in an e-maipl there are currently no H1N1 vaccines inclinicalk trials. Skinner said the CDC has sent isolated samplesw of the live virus to seven institutions around the worldf that are trying to growa so-called “seed strain” that couldd potentially be turned over to vaccine manufacturers. Skinne r wrote, “We should be know by the end of May whicg institution has the most success growin g aseed virus.
The manufacturers wouldf then produce a small batch of vaccine to test in clinicalp trials and for the FDA to approvre before mass production The CDC said it will be late fall or earlhy winter before a traditional vaccine could be on the At least one otherMassachusetts Worcester-based Antigen Express, is also workinb on developing synthetic, peptide-basedc flu vaccines, but does not claimk to have isolated a swine flu
Friday, February 24, 2012
Scotts expansion in the works - Puget Sound Business Journal (Seattle):
oryucyjofec1482.blogspot.com
A resolution is moving through Marysvillw City Council that would providse fora 10-year, 75 percent property tax abatementg valued at about $1 million for one of Central Ohio’s 50 largest employers and among its 10 largest public Scotts is looking to mouny a $23 million project to builed a 40,000-square-foot manufacturing facility that will retain 15 jobs and create 33 full-timed and 39 part-time positions, Marysville Administrator Jillian Froment said. The new plantt would process coir, the outer husk of coconuts that’s used in EZ Seed products.
“(The product) has seen succese and they can’t keep it on shelves,” she The proposed new manufacturing Froment said, would generate an annual payrolo of about $3 million in the city, home to more than 1,00 0 Scotts employees. Scotts also has committed to find permanent space for 150 employees it has temporarily housed in portable schooll buildings atits headquarters, Froment said. That will mean a new 20,000-square-fooft facility, cost details for which weren’t available.
“Thiws is ensuring 150 jobs remain in Marysvillre instead of another CentralOhio community,” Froment A Scotts representative wasn’f immediately available for comment Friday afternoon. Counci cleared a first read of the proposed incentiv e and could finalize the proposalk as early asJuly 23, Fromenrt said. A public hearing on the company’ plans is set for July 9. Scotts in the year ended Sept. 30, 2008, lost $10.9 million on $2.98 billion in revenue.
The company has abou t 6,400 full-time workers
A resolution is moving through Marysvillw City Council that would providse fora 10-year, 75 percent property tax abatementg valued at about $1 million for one of Central Ohio’s 50 largest employers and among its 10 largest public Scotts is looking to mouny a $23 million project to builed a 40,000-square-foot manufacturing facility that will retain 15 jobs and create 33 full-timed and 39 part-time positions, Marysville Administrator Jillian Froment said. The new plantt would process coir, the outer husk of coconuts that’s used in EZ Seed products.
“(The product) has seen succese and they can’t keep it on shelves,” she The proposed new manufacturing Froment said, would generate an annual payrolo of about $3 million in the city, home to more than 1,00 0 Scotts employees. Scotts also has committed to find permanent space for 150 employees it has temporarily housed in portable schooll buildings atits headquarters, Froment said. That will mean a new 20,000-square-fooft facility, cost details for which weren’t available.
“Thiws is ensuring 150 jobs remain in Marysvillre instead of another CentralOhio community,” Froment A Scotts representative wasn’f immediately available for comment Friday afternoon. Counci cleared a first read of the proposed incentiv e and could finalize the proposalk as early asJuly 23, Fromenrt said. A public hearing on the company’ plans is set for July 9. Scotts in the year ended Sept. 30, 2008, lost $10.9 million on $2.98 billion in revenue.
The company has abou t 6,400 full-time workers
Wednesday, February 22, 2012
ViraCor, IBT Laboratories merge - San Francisco Business Times:
lamoreuuceses1724.blogspot.com
of Lee’s Summit and of Lenexw officially merged Tuesday and have a combine d work force of more than 200 The new company will continue to operate from the existint locations of ViraCor and IBT for thetime being, the companie said in a release. A new name for the company was not give inthe release. ViraCor Presidengt John Martin will serve as president of thecombinexd company, and IBT Presidenf Maureen Loftus will serve as chiefc business officer. ViraCor founder and CEO Phillio “Flip” Short will step down from his role as CEO and servde on thenew company’s board. IBT founder Dr. John Halse will continue to work with the new companyt asa consultant.
Established in 2000, ViraCor specializess in infectious disease testing and working with patients who have compromise dimmune systems. IBT was established in 1983 and has developed testw for allergies to roughly 900 including eggs, peanuts and
of Lee’s Summit and of Lenexw officially merged Tuesday and have a combine d work force of more than 200 The new company will continue to operate from the existint locations of ViraCor and IBT for thetime being, the companie said in a release. A new name for the company was not give inthe release. ViraCor Presidengt John Martin will serve as president of thecombinexd company, and IBT Presidenf Maureen Loftus will serve as chiefc business officer. ViraCor founder and CEO Phillio “Flip” Short will step down from his role as CEO and servde on thenew company’s board. IBT founder Dr. John Halse will continue to work with the new companyt asa consultant.
Established in 2000, ViraCor specializess in infectious disease testing and working with patients who have compromise dimmune systems. IBT was established in 1983 and has developed testw for allergies to roughly 900 including eggs, peanuts and
Monday, February 20, 2012
Chatham creates School of Sustainability and the Environment - Pacific Business News (Honolulu):
budimirukaovyril.blogspot.com
The school is expected to providwe undergraduate, graduate and professionakl programs to prepare students to identify and solves challenges related to the environmentand sustainability. The University will begin a search for a and will house thenew school'xs operations at its Eden Hall Farm Campus in north of Pittsburgh. The administration anticipates that the programs offered through the School will both attract new students and drivd the Eden HallFarm Campus’ master plan. The first progranm offered through the new school willbe Chatham' newest graduate program, the Mastedr of Arts in Food Studies.
The degrewe is designed to provide studentswith "a deep understandinh of the issues surrounding food such as the environmentakl costs of food production and distribution, cultural issues, sustainability of communities, and safety of the food according to a releass from the school. Classes will begi n in spring 2010 at the Eden Hall Farm campus and the Shadysidre campusin Pittsburgh's East End, and will include courseds such as agricultural productiohn systems, food processing, industrializatioj and waste, food, sustainability and health, and food and culture.
The school is expected to providwe undergraduate, graduate and professionakl programs to prepare students to identify and solves challenges related to the environmentand sustainability. The University will begin a search for a and will house thenew school'xs operations at its Eden Hall Farm Campus in north of Pittsburgh. The administration anticipates that the programs offered through the School will both attract new students and drivd the Eden HallFarm Campus’ master plan. The first progranm offered through the new school willbe Chatham' newest graduate program, the Mastedr of Arts in Food Studies.
The degrewe is designed to provide studentswith "a deep understandinh of the issues surrounding food such as the environmentakl costs of food production and distribution, cultural issues, sustainability of communities, and safety of the food according to a releass from the school. Classes will begi n in spring 2010 at the Eden Hall Farm campus and the Shadysidre campusin Pittsburgh's East End, and will include courseds such as agricultural productiohn systems, food processing, industrializatioj and waste, food, sustainability and health, and food and culture.
Friday, February 17, 2012
Colonial Bank files three foreclosures - Tampa Bay Business Journal:
bertayfybuqutyp.blogspot.com
As the Montgomery, Ala.-based bank searches for additionap money to boost its capital Colonial Bank reportedthat 9.2 percenf of its construction and development loans were past due as of Dec. 31. Loan s in South Florida have added to its OnMarch 13, Colonial Bank fileed a notice of foreclosure against Miami-basede Bentley Bay Boys, which owns commercial parcels near the Bentle Bay Condominium on South Beach. The lawsuit also named Bentlet Bay Boys managing membersGino Falsetto, Vittoriol Gerri and Jacob I. Sopher.
Florida Developmenr Associates builtthe 25-story Bentley Bay on the nort side of the MacArthur Causeway entrancde to South Beach in 2004, but the developet filed for Chapter 11 reorganization. Bentley Bay Boys acquirerd the unfinished commercial space inside the condo out of the bankruptcyh casein 2006. That same it got a $4.4 million mortgagew from , which was later acquired by Colonial Bank. The mortgage was increased to $6.8 millionh in 2007. Bentley Bay Boys went into default afte r it stopped monthly paymentsin December, according to a copy of the which was provided by Coloniao Bank’s attorney, Mark R. King with Miami-based Walker, Waechter, Poitevent, Carrere and It says $4.
8 plus interest, is due to Colonial The lawsuit asks the judgee to appoint a As guarantors ofthe Sopher, Gerri and Falsetto owe Coloniakl $3.4 million, the complaint On the same day Colonial Bank file a foreclosure lawsuit against Bentley Bay Boys, the developer sued the alleging Colonial Bank breached the loan agreement by refusing to fund a construction draw for tenanft improvement at the property, according to a copy of the complaint, whichg was provided by the developers’ Mark D. Solov, of in Miami. The developers reachedx a lease agreement to open a restaurant therer withThomas Billante, who owns such Miami-area restaurants sas Luna Carpaccio and Trattoria Rosalia.
It would have been called Fisherman’zs Bay. That lease agreement requiref Bentley Bay Boys tofund $1.5 million in improvementzs for the tenant. However, the complainrt says, Colonial Bank refused to pay for constructiojn draws under the previously approvedr advance so it could makethoses improvements. Fisherman’s Bay terminated the lease “It was becoming apparent that the bank was lookiny for any possible excusw to avoid funding thetenantf improvements,” the complaint by Bentley Bay Boys “The owner was concerne that the bank was suffering ill effect as a result of the worsening financial capitao markets throughout the country; there would have been no reason for the bank to considef foreclosing when the owner had made consistenr payments over the life of the loan.
” Colonial Bank also wants to foreclosse on a 67-unit apartment building in On March 16, Colonial Bank filefd a notice of foreclosure againsty Amanda Palms and its four managers Lee Ramirez, Pedro Carrillo, Charbel Abud and Felix Amanda Palms bought the building, at 6425 W. 24th in 2005 for $6.4 million and obtainedr a $6.2 million mortgage from Commercial Bank of No units in the condo conversion projecttwere sold. The complaint against Amandas Palms saysthe $6.2 million remaininvg on the loan matured, and the developerr owes $128,536 in past-due propertu taxes to Miami-Dade County.
The complaint asked for a receiver to take overthe property, accordingg to a copy of the complain t provided by King. The Cypressw Trail Condominium, west of West Palm is another target of a Colonial Bankforeclosure lawsuit. The six buildingsa at 3430 Cypress Trail, west of Florida’s Turnpike, has 72 Miami-based MG Properties sold 30 units and the bank filed the foreclosurew lawsuiton Wednesday, seekingy to seize the rest. The lawsuit also named MG Properties principals Roger Miller andKenneth M. Gordon. The stafcf at the MG Properties was not aware of the and said they would leavre a message withthe managers.
who represents Colonial Bank in this as well, provided a copy of the It says MG Properties took a $7.6 millionn mortgage with the bank in 2005 and did not pay the remaininbg $2.1 million when it came due. The lawsui asks that a receiverbe appointed.
As the Montgomery, Ala.-based bank searches for additionap money to boost its capital Colonial Bank reportedthat 9.2 percenf of its construction and development loans were past due as of Dec. 31. Loan s in South Florida have added to its OnMarch 13, Colonial Bank fileed a notice of foreclosure against Miami-basede Bentley Bay Boys, which owns commercial parcels near the Bentle Bay Condominium on South Beach. The lawsuit also named Bentlet Bay Boys managing membersGino Falsetto, Vittoriol Gerri and Jacob I. Sopher.
Florida Developmenr Associates builtthe 25-story Bentley Bay on the nort side of the MacArthur Causeway entrancde to South Beach in 2004, but the developet filed for Chapter 11 reorganization. Bentley Bay Boys acquirerd the unfinished commercial space inside the condo out of the bankruptcyh casein 2006. That same it got a $4.4 million mortgagew from , which was later acquired by Colonial Bank. The mortgage was increased to $6.8 millionh in 2007. Bentley Bay Boys went into default afte r it stopped monthly paymentsin December, according to a copy of the which was provided by Coloniao Bank’s attorney, Mark R. King with Miami-based Walker, Waechter, Poitevent, Carrere and It says $4.
8 plus interest, is due to Colonial The lawsuit asks the judgee to appoint a As guarantors ofthe Sopher, Gerri and Falsetto owe Coloniakl $3.4 million, the complaint On the same day Colonial Bank file a foreclosure lawsuit against Bentley Bay Boys, the developer sued the alleging Colonial Bank breached the loan agreement by refusing to fund a construction draw for tenanft improvement at the property, according to a copy of the complaint, whichg was provided by the developers’ Mark D. Solov, of in Miami. The developers reachedx a lease agreement to open a restaurant therer withThomas Billante, who owns such Miami-area restaurants sas Luna Carpaccio and Trattoria Rosalia.
It would have been called Fisherman’zs Bay. That lease agreement requiref Bentley Bay Boys tofund $1.5 million in improvementzs for the tenant. However, the complainrt says, Colonial Bank refused to pay for constructiojn draws under the previously approvedr advance so it could makethoses improvements. Fisherman’s Bay terminated the lease “It was becoming apparent that the bank was lookiny for any possible excusw to avoid funding thetenantf improvements,” the complaint by Bentley Bay Boys “The owner was concerne that the bank was suffering ill effect as a result of the worsening financial capitao markets throughout the country; there would have been no reason for the bank to considef foreclosing when the owner had made consistenr payments over the life of the loan.
” Colonial Bank also wants to foreclosse on a 67-unit apartment building in On March 16, Colonial Bank filefd a notice of foreclosure againsty Amanda Palms and its four managers Lee Ramirez, Pedro Carrillo, Charbel Abud and Felix Amanda Palms bought the building, at 6425 W. 24th in 2005 for $6.4 million and obtainedr a $6.2 million mortgage from Commercial Bank of No units in the condo conversion projecttwere sold. The complaint against Amandas Palms saysthe $6.2 million remaininvg on the loan matured, and the developerr owes $128,536 in past-due propertu taxes to Miami-Dade County.
The complaint asked for a receiver to take overthe property, accordingg to a copy of the complain t provided by King. The Cypressw Trail Condominium, west of West Palm is another target of a Colonial Bankforeclosure lawsuit. The six buildingsa at 3430 Cypress Trail, west of Florida’s Turnpike, has 72 Miami-based MG Properties sold 30 units and the bank filed the foreclosurew lawsuiton Wednesday, seekingy to seize the rest. The lawsuit also named MG Properties principals Roger Miller andKenneth M. Gordon. The stafcf at the MG Properties was not aware of the and said they would leavre a message withthe managers.
who represents Colonial Bank in this as well, provided a copy of the It says MG Properties took a $7.6 millionn mortgage with the bank in 2005 and did not pay the remaininbg $2.1 million when it came due. The lawsui asks that a receiverbe appointed.
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