dyakonostrlin.blogspot.com
The amendment to the deal would giveuntil Dec. 1, 2011, to complete its $1 millionj purchase of the Carolina Theatre from the The extension would come at no cost to which plans to restore the theater and attacha high-end condo tower at the property, located at Sixth and North Tryon streets. The firm was facing a July 17 closint deadline to buy the site and is stilpl trying tosecure 30% of the financing it needs to develoop the condo tower, caller Encore. The company has made $250,000 in nonrefundable depositws tothe city. It also has presolfd eight of the 20 plannedr residentialunits — which start at $1.
75 million — and all five floors of plannecd commercial space, according to city documents. But the fina leg of financing, in the form of mezzaninee debt, has been hard to come by due to volatility in the credit markets and uncertainttsurrounding Charlotte’s real estate market.
Saturday, December 29, 2012
Friday, December 28, 2012
Fisc cliff not worrying mkts; may rise 15% in 2013: Ambit - Moneycontrol.com
idozxun.blogspot.com
Fisc cliff not worrying mkts; may rise 15% in 2013: Ambit Moneycontrol.com Andrew Holland of Ambit Capital believes a solution to the US fiscal cliff could be around the corner. Going into 2013, Holland feels the markets are set for all-time highs and may even book gains of around 15 percent. Bazaar at 08:00 am ... |
Thursday, December 27, 2012
Hawaii fish farm wants to invest $13 million to quadruple moi production - Houston Business Journal:
aleksanovlsys.blogspot.com
, which is owned by of Lihue, Kauai, is seekiny permits to expand its state ocean lease from 28 acres to61 acres. That would enable the Kailua-based company to quadruple the volume of its cagew and increase productionfrom 1.2 million pounds to 5 million pounds annually. The expansion requires four permits, which the compant applied for late last month two from thestate , one from the state Health Departmengt and a federal permit. Hukilau, which grew out of a project in thelate 1990s, expectx the expansion to generate $20 million in annual with wholesale prices of about $4 a pound.
The company sellxs its product almost entirely within the to restaurantsand markets, said co-owner and CEO Rand y Cates. Hukilau’s current operation includes foursubmergerd cages, each measuring 3,000 cubifc meters in size. Its permiyt applications seek approval to replace the existinvg cages with eight new ones that are doubl e the current cage The larger set would still be two miles offshoree inMamala Bay. The expansion is expected to cost $13 which Cates said will be financed through federall loans andprivate funds.
He expectes the permitting process to be completed in the first quarter of next Hukilau also is building afingerling (babyu fish) hatchery in Campbell Industrial Park in The facility is expected to be completed this year and produced about 10 million fingerlings annually. If approved, Hukilau Foods’ expansiom would follow the downsizing of Kona BlueWater Hawaii’s only other open-ocean fish farm. The Kona farm announced earlietr this year that it will reduc e annual production of its farmed Hawaiianb yellowtail from 1 million poundxto 600,000 pounds. Hukilau Foods grew out of a UH aquaculturs research projectthat Cates, a former commercial took over in 1999.
He formed in 2000 to convertf thepilot open-ocean farm into a In 2007, Grove Farm Co. acquiref Cates’ company and renamed it Grove Farm Fish andPoi LLC, whichj does business as Hukilauy Foods.
, which is owned by of Lihue, Kauai, is seekiny permits to expand its state ocean lease from 28 acres to61 acres. That would enable the Kailua-based company to quadruple the volume of its cagew and increase productionfrom 1.2 million pounds to 5 million pounds annually. The expansion requires four permits, which the compant applied for late last month two from thestate , one from the state Health Departmengt and a federal permit. Hukilau, which grew out of a project in thelate 1990s, expectx the expansion to generate $20 million in annual with wholesale prices of about $4 a pound.
The company sellxs its product almost entirely within the to restaurantsand markets, said co-owner and CEO Rand y Cates. Hukilau’s current operation includes foursubmergerd cages, each measuring 3,000 cubifc meters in size. Its permiyt applications seek approval to replace the existinvg cages with eight new ones that are doubl e the current cage The larger set would still be two miles offshoree inMamala Bay. The expansion is expected to cost $13 which Cates said will be financed through federall loans andprivate funds.
He expectes the permitting process to be completed in the first quarter of next Hukilau also is building afingerling (babyu fish) hatchery in Campbell Industrial Park in The facility is expected to be completed this year and produced about 10 million fingerlings annually. If approved, Hukilau Foods’ expansiom would follow the downsizing of Kona BlueWater Hawaii’s only other open-ocean fish farm. The Kona farm announced earlietr this year that it will reduc e annual production of its farmed Hawaiianb yellowtail from 1 million poundxto 600,000 pounds. Hukilau Foods grew out of a UH aquaculturs research projectthat Cates, a former commercial took over in 1999.
He formed in 2000 to convertf thepilot open-ocean farm into a In 2007, Grove Farm Co. acquiref Cates’ company and renamed it Grove Farm Fish andPoi LLC, whichj does business as Hukilauy Foods.
Tuesday, December 25, 2012
'Zynga has done free-to-play a terrible disservice' - SOE boss - Computerandvideogames.com
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'Zynga has done free-to-play a terrible disservice' - SOE boss Computerandvideogames.com PC News · PC Reviews · PC Previews · PC Features · PC Interviews · PC Gamer · Forums · Xbox forums · PlayStation forums · Nintendo forums · PC forums · Off Topic forum · Store · Free Games · Aliens Colonial Marines. Trending now Elder Scrolls V: Skyrim ... |
Monday, December 24, 2012
City passes on buying ex-forge site - Business First of Buffalo:
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At issue was how much BUDC is willingg to pay forthe 12.5 acree that the site’s owner, , wants to The land carries a $295,000 pricse tag, but the development agencyy has countered with a $60,000 offer, citingg potential environmental issues with the formee industrial site. BUDC and Howden had until May 18 to striks a deal or the city development agencuy could back away fromthe deal. When the potentialo sale price could notbe reached, BUDC officials decided to end negotiations with Howden Inc. The move was not “We decided not to move said David Stebbins, BUDC vice A $10,000 deposit was returnefd to BUDC.
Stebbins said environmental work conductedr during the due diligence period may help any future buyer forthe “They will be better informed,” Stebbinw said. Hanging in the balance is a proposalfrom Rev. Matthewq Brown from the to use the land as the home fora $17 millionh urban redevelopment effort that will be anchoredf by a series of residential projects and community Stebbins said he hopes to meet with Browm later this week to see if that projecty will continue to advance, “If they want to do it on theie own, maybe there’s something we can do to help them,” Stebbina said.
At issue was how much BUDC is willingg to pay forthe 12.5 acree that the site’s owner, , wants to The land carries a $295,000 pricse tag, but the development agencyy has countered with a $60,000 offer, citingg potential environmental issues with the formee industrial site. BUDC and Howden had until May 18 to striks a deal or the city development agencuy could back away fromthe deal. When the potentialo sale price could notbe reached, BUDC officials decided to end negotiations with Howden Inc. The move was not “We decided not to move said David Stebbins, BUDC vice A $10,000 deposit was returnefd to BUDC.
Stebbins said environmental work conductedr during the due diligence period may help any future buyer forthe “They will be better informed,” Stebbinw said. Hanging in the balance is a proposalfrom Rev. Matthewq Brown from the to use the land as the home fora $17 millionh urban redevelopment effort that will be anchoredf by a series of residential projects and community Stebbins said he hopes to meet with Browm later this week to see if that projecty will continue to advance, “If they want to do it on theie own, maybe there’s something we can do to help them,” Stebbina said.
Sunday, December 23, 2012
Now No. 2, go! has its own money challenges - Pacific Business News (Honolulu):
stockdaleiqemico1521.blogspot.com
So now the question is whetherthe Phoenix-based airline can handle the Aviation industry experts say go!'s fleet of 50-passenger CRJ-200s can't handle the passenged load needed to successfully compete against No. 1 . Jonathanj Ornstein agrees. "We have said from the very beginnin that we were looking at bigger said Ornstein, president and CEO of go! parentf company . "But that's still a little bit down the We may not need to expand capacity or add more but flying 10 flights ona 90-seatefr would be much more cost efficient than flying 17 flightsa on a 50-seater." Go!
this week increases its daily interisland flights from 54 to 94 and is bringingy in an eighth plane later this But even those flightxs don't add up to the capacitg left by Aloha, whose 737s carried aboutr 130 passengers between the Islands. Aloha stillk carried about one-third of Hawaii interisland passengers in includingsome 760,000 to the Big Island and 740,000o to Maui. If go! is to claimj Aloha's position and Mesa has to quickly reverse its downward revenued trajectory and woo back localcustomers who, stunned by Aloha's may prefer Hawaiian over go!
"I think two carriers can be accommodatec and survive and serve said George Hamlin, managing director of ACA an aviation and aerospace consulting firm in Fairfax, Va. "Mes a would not have entered themarkert otherwise. "But this is not a wildluy profitable market, and there have been barrier to others tryingto enter. Has anyonre ever made any real moneyin it?" Mesa and all airlines are struggling with the sudden increase in jet fuel up 69 percent in the past year. But farew have only risen incrementally, draining profits from an industryh that had just started to recoverr from the 2001 recession and the 11 attacks.
"I don't know what their cash balanc e is, but if Mesa were to lose eitherrthe [$80 million] Hawaiian lawsuitg appeal or the Aloha lawsuit, that wouldc be a significant blow," Hamlin referring to two lawsuits filed against Mesa by the Hawaik airlines. Demand for Mesa's regional services on the Mainland, "has slackened considerably," he said. Throughj code-sharing operations, Mesa operates as US Airways Delta Connection andUnitesd Express. It also flies independently as andas go! Expres through Hawaii-based Mokulele Airlines. That translates into more than 180 aircraftr with morethan 1,10o0 daily departures to 170 cities in 46 Canada, Mexico and the Bahamas.
And in October, Mesa launched a joint venture with Shenzhen Airlinese in China to fly regional routes Butthe company, which employees 5,00 and generates revenue exceeding $1.4 billio annually, also is losing money. Thanks to the Hawaiian rulint and troubles with its AirMidwest Mesa's losses in 2007 totaled $81.5 million, a sharp contrast to the $33.90 million profit in 2006. Mesa lost $2.8 million in the firsgt quarterof 2008. Mesa also is dealing with the publix relations nightmare over reports thattwo go! pilots fell aslee while flying the 200 miles from Honolulu to Hilo in The pilots were firer and the Federal Aviation Administratiom is investigating.
And on Tuesday, Mesa complained publicly that Deltsa Air Lines intended to terminate the DeltaConnection agreement, a potentialluy costly development.
So now the question is whetherthe Phoenix-based airline can handle the Aviation industry experts say go!'s fleet of 50-passenger CRJ-200s can't handle the passenged load needed to successfully compete against No. 1 . Jonathanj Ornstein agrees. "We have said from the very beginnin that we were looking at bigger said Ornstein, president and CEO of go! parentf company . "But that's still a little bit down the We may not need to expand capacity or add more but flying 10 flights ona 90-seatefr would be much more cost efficient than flying 17 flightsa on a 50-seater." Go!
this week increases its daily interisland flights from 54 to 94 and is bringingy in an eighth plane later this But even those flightxs don't add up to the capacitg left by Aloha, whose 737s carried aboutr 130 passengers between the Islands. Aloha stillk carried about one-third of Hawaii interisland passengers in includingsome 760,000 to the Big Island and 740,000o to Maui. If go! is to claimj Aloha's position and Mesa has to quickly reverse its downward revenued trajectory and woo back localcustomers who, stunned by Aloha's may prefer Hawaiian over go!
"I think two carriers can be accommodatec and survive and serve said George Hamlin, managing director of ACA an aviation and aerospace consulting firm in Fairfax, Va. "Mes a would not have entered themarkert otherwise. "But this is not a wildluy profitable market, and there have been barrier to others tryingto enter. Has anyonre ever made any real moneyin it?" Mesa and all airlines are struggling with the sudden increase in jet fuel up 69 percent in the past year. But farew have only risen incrementally, draining profits from an industryh that had just started to recoverr from the 2001 recession and the 11 attacks.
"I don't know what their cash balanc e is, but if Mesa were to lose eitherrthe [$80 million] Hawaiian lawsuitg appeal or the Aloha lawsuit, that wouldc be a significant blow," Hamlin referring to two lawsuits filed against Mesa by the Hawaik airlines. Demand for Mesa's regional services on the Mainland, "has slackened considerably," he said. Throughj code-sharing operations, Mesa operates as US Airways Delta Connection andUnitesd Express. It also flies independently as andas go! Expres through Hawaii-based Mokulele Airlines. That translates into more than 180 aircraftr with morethan 1,10o0 daily departures to 170 cities in 46 Canada, Mexico and the Bahamas.
And in October, Mesa launched a joint venture with Shenzhen Airlinese in China to fly regional routes Butthe company, which employees 5,00 and generates revenue exceeding $1.4 billio annually, also is losing money. Thanks to the Hawaiian rulint and troubles with its AirMidwest Mesa's losses in 2007 totaled $81.5 million, a sharp contrast to the $33.90 million profit in 2006. Mesa lost $2.8 million in the firsgt quarterof 2008. Mesa also is dealing with the publix relations nightmare over reports thattwo go! pilots fell aslee while flying the 200 miles from Honolulu to Hilo in The pilots were firer and the Federal Aviation Administratiom is investigating.
And on Tuesday, Mesa complained publicly that Deltsa Air Lines intended to terminate the DeltaConnection agreement, a potentialluy costly development.
Friday, December 21, 2012
Tedco awards $600K to tech firms - Triangle Business Journal:
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The money was granted in collaboration withthe U.S. Army Medicalp Research and Materiel Command and the throughthe Ft. Detricj Technology Transfer Initiative. The purpose of the technologg transfer program is to raise awareness of new and developing technologied and funding them to transition as viable projectsfor follow-on funding in the market place. Each compang that received funding was awardedapproximately $50,009 between March 2008 and May making up the initiative’s second round of financial awards sincr its $750,000 program extension. The funda for the program’s second phase were secured by Sen. Barbaraw Mikulski, D-Md., and Rep. Roscoe G. Bartlett, R-Md. “Ths [Ft.
Detrick Technology Transfer Initiative] progran is enabling area businesses to harness the technologiees being developed at Fort Detricmk and apply them to thecommercial sector,” said Mikulski. “Thisa will lead to new products that have the powedr to create jobs and save Mikulski announced the first phase of the tech transfe program in March 2005 when 11 companiesreceivesd funding. in Rockville: The company is developing a health care technologyy calledmiTag system, which is a scalable wireless sensor solution for improvingy patient flow. in Frederick: The companty is developing a technology called the GeNova Screento isolate, and produce antibody-like molecules.
in The company is developing an on-demansd biotech products including a combinatiob vaccine against plague and BioAssay Works LLCin Ijamsville: The companyt is developing a lateral-flow visual diagnostic test to detecty and differentiate single sample multiple pathogenic including variola, vaccinia, and in Catonsville: The company is safety-testin g a medical product called which is a non-compressible, intracavitary hemostatic agent. CynerGenw IDMP in Frederick: The company is validating and implementing a supplemental diagnosisof HIV, and Dengue using its Infectious Diseasde Multiplex Panel approach, which could allow for creatioj of biosensors.
LLC in Baltimore: The company is developint required components and system framework to enable conversationalp interfaces for telemedicine Such tools would allow professional medicsx touse voice, gesture, and othefr human-- computer interactions to access and document information in electronic medical records. in The company is developing technologuy to preserve mammalian cells in dried format that can easilube re-hydrated for a variety of uses. LLC in The company is evaluating the effect of Imagilin patentesd probiotics as a food supplement to enhancer the immune responsiveness of guinea pigs upon immunization or challengr withvirulent pathogens.
The evaluatiojn will suggest the ability of Imagilin patented probiotics to enhanced the immunization ofa vaccine. in The company is developing micropatterne d substrates for viralinfectivity assays. Juxtopia in Baltimore: The companyg is customizing its Wearable Assistance and SituationalAwarenesse (WASA) goggles and service to allowq U.S. Army combat medics to accesas and document information to electricalk medical recordsvia hands-free voice-requests and voice-responses. in Baltimore: The companty is developing cell therapies to treat brain and spinakcord injuries.
The money was granted in collaboration withthe U.S. Army Medicalp Research and Materiel Command and the throughthe Ft. Detricj Technology Transfer Initiative. The purpose of the technologg transfer program is to raise awareness of new and developing technologied and funding them to transition as viable projectsfor follow-on funding in the market place. Each compang that received funding was awardedapproximately $50,009 between March 2008 and May making up the initiative’s second round of financial awards sincr its $750,000 program extension. The funda for the program’s second phase were secured by Sen. Barbaraw Mikulski, D-Md., and Rep. Roscoe G. Bartlett, R-Md. “Ths [Ft.
Detrick Technology Transfer Initiative] progran is enabling area businesses to harness the technologiees being developed at Fort Detricmk and apply them to thecommercial sector,” said Mikulski. “Thisa will lead to new products that have the powedr to create jobs and save Mikulski announced the first phase of the tech transfe program in March 2005 when 11 companiesreceivesd funding. in Rockville: The company is developing a health care technologyy calledmiTag system, which is a scalable wireless sensor solution for improvingy patient flow. in Frederick: The companty is developing a technology called the GeNova Screento isolate, and produce antibody-like molecules.
in The company is developing an on-demansd biotech products including a combinatiob vaccine against plague and BioAssay Works LLCin Ijamsville: The companyt is developing a lateral-flow visual diagnostic test to detecty and differentiate single sample multiple pathogenic including variola, vaccinia, and in Catonsville: The company is safety-testin g a medical product called which is a non-compressible, intracavitary hemostatic agent. CynerGenw IDMP in Frederick: The company is validating and implementing a supplemental diagnosisof HIV, and Dengue using its Infectious Diseasde Multiplex Panel approach, which could allow for creatioj of biosensors.
LLC in Baltimore: The company is developint required components and system framework to enable conversationalp interfaces for telemedicine Such tools would allow professional medicsx touse voice, gesture, and othefr human-- computer interactions to access and document information in electronic medical records. in The company is developing technologuy to preserve mammalian cells in dried format that can easilube re-hydrated for a variety of uses. LLC in The company is evaluating the effect of Imagilin patentesd probiotics as a food supplement to enhancer the immune responsiveness of guinea pigs upon immunization or challengr withvirulent pathogens.
The evaluatiojn will suggest the ability of Imagilin patented probiotics to enhanced the immunization ofa vaccine. in The company is developing micropatterne d substrates for viralinfectivity assays. Juxtopia in Baltimore: The companyg is customizing its Wearable Assistance and SituationalAwarenesse (WASA) goggles and service to allowq U.S. Army combat medics to accesas and document information to electricalk medical recordsvia hands-free voice-requests and voice-responses. in Baltimore: The companty is developing cell therapies to treat brain and spinakcord injuries.
Thursday, December 20, 2012
Dayton region lands stimulus funds to improve water quality - Puget Sound Business Journal (Seattle):
ogarawo.wordpress.com
The added three Montgomery County projects to its revised American Recovergy and Reinvestment Actfundable list. Lesher Drive Sanitary Sewet Rehabilitation willreceive $150,000 in water pollution controlo loan funds; • Souty Dixie Sanitary Sewer Lining will receive $215,000; and Western Regional Tertiary Filters Rehabilitation will receivee $1.2 million in stimulus funds. Finapl approval of these projects and others announced earlier are stilk subject to regulatory Other Dayton-area projects scheduled to receive fundinf include $506,750 to connect Sidney supply service to Hillview in Shelby County, $6 million to upgrade high servicew pumps in Sidney, and $1.
8 millionn for a metering project in Sidney. The states is receiving $58.5 million in stimulus fundin g for drinking water projectsand $220.5 million in stimulus funding for water pollution control
The added three Montgomery County projects to its revised American Recovergy and Reinvestment Actfundable list. Lesher Drive Sanitary Sewet Rehabilitation willreceive $150,000 in water pollution controlo loan funds; • Souty Dixie Sanitary Sewer Lining will receive $215,000; and Western Regional Tertiary Filters Rehabilitation will receivee $1.2 million in stimulus funds. Finapl approval of these projects and others announced earlier are stilk subject to regulatory Other Dayton-area projects scheduled to receive fundinf include $506,750 to connect Sidney supply service to Hillview in Shelby County, $6 million to upgrade high servicew pumps in Sidney, and $1.
8 millionn for a metering project in Sidney. The states is receiving $58.5 million in stimulus fundin g for drinking water projectsand $220.5 million in stimulus funding for water pollution control
Monday, December 17, 2012
U.S. home builder mood dips, but up in West - Portland Business Journal:
batyushkinuxit.blogspot.com
The / Housing Market Index declined one point to 15 in but rose two pointse in the Western regionto 14. “The outloo for home sales has improved somewhat inrecengt months, due largely to implementation of the first-time home buye r tax credit and gains in housing affordability,” said NAHB Chairman Joe a home builder from Okla. “However, looking forward, home builders are facing a few including expiration of the tax credit at the end of a recent upturn in interest and especially the continuing lack of credi t for housing production Two out of three ofthe HMI’s componen indexes were unchanged in June, including the index gaugingv current home sales, which held at 14, and the indexd gauging traffic of prospective which held at 13.
Meanwhile, the indexs gauging expectations for the next six months declined asingle point, to 26. The nationalk decline was driven entirely by builders in the which isthe nation’s largestg housing market. There, the HMI declinef 3 points to 15, while the rest of the regionssposted gains. In addition to the gain in the West, the Northeastf had a one-point gain to 20 and the Midwest showeda one-poing gain to 15.
The / Housing Market Index declined one point to 15 in but rose two pointse in the Western regionto 14. “The outloo for home sales has improved somewhat inrecengt months, due largely to implementation of the first-time home buye r tax credit and gains in housing affordability,” said NAHB Chairman Joe a home builder from Okla. “However, looking forward, home builders are facing a few including expiration of the tax credit at the end of a recent upturn in interest and especially the continuing lack of credi t for housing production Two out of three ofthe HMI’s componen indexes were unchanged in June, including the index gaugingv current home sales, which held at 14, and the indexd gauging traffic of prospective which held at 13.
Meanwhile, the indexs gauging expectations for the next six months declined asingle point, to 26. The nationalk decline was driven entirely by builders in the which isthe nation’s largestg housing market. There, the HMI declinef 3 points to 15, while the rest of the regionssposted gains. In addition to the gain in the West, the Northeastf had a one-point gain to 20 and the Midwest showeda one-poing gain to 15.
Sunday, December 16, 2012
Glean tips from "Tipping Point" - Business First of Buffalo:
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Gladwell identifies three kinds of people who have the ability to influence us and effectysweeping change. He calls them Connectors, Maven s and Salesmen. Since all three personalitgy types are essential in creatintsocial change, it helps to recognize the people in your work environmenr who fit each category. Let's start with Connectors. Gladwell researched a 1974 studycalled "Getting a Job" by Mark Granovette r and found that half of employed people foundr their jobs through a personal But when the "quality" of thesd connections was analyzed, the studies proved that people don't get their jobs through friends; they get them through Gladwell makes a strong case: "Weak ties are always more importanf than strong ties.
" Your friends tend to occupty the same world you do; they go to the same stores and social gatherings. But acquaintances are more likely to know abourtjob openings, for example, that you don't. Peoplde who have the most intricate web of acquaintances are the Mavens are information brokers because they shares and trade whatthey know. Mavens, accordingg to Gladwell, "have the knowledges and the social skills tostart word-of-mouth epidemics. It'sd not so much what they know, but how they pass it When it comes to startinga trend, we need a Connector who will spread the word and a Maven whosee word will be trusted. But we also need a Salesman who has the skillsato persuade.
Good salespeople seem to have an Attractiveness and optimismare givens, but Gladwell pointa out just how persuasive nonverbal and even subliminal messages can be. Look at the world arouncd you. It may seem like an implacable place. It is not. With the slightes push -- in just the right placr -- it can be tipped.
Gladwell identifies three kinds of people who have the ability to influence us and effectysweeping change. He calls them Connectors, Maven s and Salesmen. Since all three personalitgy types are essential in creatintsocial change, it helps to recognize the people in your work environmenr who fit each category. Let's start with Connectors. Gladwell researched a 1974 studycalled "Getting a Job" by Mark Granovette r and found that half of employed people foundr their jobs through a personal But when the "quality" of thesd connections was analyzed, the studies proved that people don't get their jobs through friends; they get them through Gladwell makes a strong case: "Weak ties are always more importanf than strong ties.
" Your friends tend to occupty the same world you do; they go to the same stores and social gatherings. But acquaintances are more likely to know abourtjob openings, for example, that you don't. Peoplde who have the most intricate web of acquaintances are the Mavens are information brokers because they shares and trade whatthey know. Mavens, accordingg to Gladwell, "have the knowledges and the social skills tostart word-of-mouth epidemics. It'sd not so much what they know, but how they pass it When it comes to startinga trend, we need a Connector who will spread the word and a Maven whosee word will be trusted. But we also need a Salesman who has the skillsato persuade.
Good salespeople seem to have an Attractiveness and optimismare givens, but Gladwell pointa out just how persuasive nonverbal and even subliminal messages can be. Look at the world arouncd you. It may seem like an implacable place. It is not. With the slightes push -- in just the right placr -- it can be tipped.
Saturday, December 15, 2012
U.S. Century Bank seeks foreclosure on 10-acre Miami site - South Florida Business Journal:
hihozeima.blogspot.com
The Doral-based bank filed a notice of foreclosure on April 28against Miami-based Estates at the Colonial Drive Estates and managing members Bernard Kopel, Enrique Kopel and Jose A. according to county court records. The lawsuit is basef on a mortgage madeby U.S. Century Bank in April 2007 for $7 millioj and last modified in Novembedr 2007with $2.5 million outstanding. Jose Kopeol said his company would challengethe bank’sd foreclosure lawsuit. He declined to discuss the situation with his Kopel said the Estates at the Groves projectr is in the middle of The Web site for the projecty says the master developer isBrighr Builders, a division of Sib-Con.
The site is at the northeasyt corner of ColonialDrive (Southwest 160tbh Street) and Newton Road (Southwest 157th in the Country Walk area. The developer filesd a notice of commencement to build12 single-family homes there in 2007. Miamki attorney Aliette Rodz, who represents U.S. Century Bank, was not able to commenrt on the lawsuit. U.S. Centuruy Bank reported $81.7 million in noncurrent loans, representing 5.6 percent of its total loans, as of March 31.
The Doral-based bank filed a notice of foreclosure on April 28against Miami-based Estates at the Colonial Drive Estates and managing members Bernard Kopel, Enrique Kopel and Jose A. according to county court records. The lawsuit is basef on a mortgage madeby U.S. Century Bank in April 2007 for $7 millioj and last modified in Novembedr 2007with $2.5 million outstanding. Jose Kopeol said his company would challengethe bank’sd foreclosure lawsuit. He declined to discuss the situation with his Kopel said the Estates at the Groves projectr is in the middle of The Web site for the projecty says the master developer isBrighr Builders, a division of Sib-Con.
The site is at the northeasyt corner of ColonialDrive (Southwest 160tbh Street) and Newton Road (Southwest 157th in the Country Walk area. The developer filesd a notice of commencement to build12 single-family homes there in 2007. Miamki attorney Aliette Rodz, who represents U.S. Century Bank, was not able to commenrt on the lawsuit. U.S. Centuruy Bank reported $81.7 million in noncurrent loans, representing 5.6 percent of its total loans, as of March 31.
Thursday, December 13, 2012
How Non-Profits Relied on Social Media in 2012 [INFOGRAPHIC] - Mashable
llrx-royce.blogspot.com
How Non-Profits Relied on Social Media in 2012 [INFOGRAPHIC] Mashable Fundraising for non-profits is no easy task. No matter how noble the cause, getting folks to part with their hard-earned cash presents a tricky challenge. But, more than ever, non-profits are relying on social media to reach their target audiences and ... |
Wednesday, December 12, 2012
Brywood Centre construction will start later in the summer - Washington Business Journal:
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The approved Tri-Land’s plan to redevelolp the at 63rd Streeft and Blue Ridge Cutofflast month. The approved $5.6 milliob in TIF reimbursements forthe $30.87 million project in June 2008. Tri-Land is basee in Westchester, Ill. “We are very excited to be movingy forward with thisredevelopment project,” Tri-Land Executive Vice Presidentg Hugh Robinson said in a “We have had a greag relationship with the city and the two districyt council members, Terry Riley and Cindhy Circo, throughout this process.
We look forwarx to delivering a renewed, high-quality project to this great Redevelopment ofthe 183,000-square-foot center will include a new facade, updatedf signage and lighting, landscapinb upgrades, expansion of a Price Choppee supermarket that anchors the center and increased pad-sitre availability along 63rd Street. Tri-Land also hopese to announce a new anchor tenan t soon forthe 37-year-old center. Tri-Land owns and manages more than 2.8 million square feet of retail space inthe Midwest, Mid-Atlantic and Southeastt regions of the country.
It specializesz in acquiring and revitalizing distressed and undervalued community centers ranginygfrom 100,000 square feet to 750,000 squarew feet.
The approved Tri-Land’s plan to redevelolp the at 63rd Streeft and Blue Ridge Cutofflast month. The approved $5.6 milliob in TIF reimbursements forthe $30.87 million project in June 2008. Tri-Land is basee in Westchester, Ill. “We are very excited to be movingy forward with thisredevelopment project,” Tri-Land Executive Vice Presidentg Hugh Robinson said in a “We have had a greag relationship with the city and the two districyt council members, Terry Riley and Cindhy Circo, throughout this process.
We look forwarx to delivering a renewed, high-quality project to this great Redevelopment ofthe 183,000-square-foot center will include a new facade, updatedf signage and lighting, landscapinb upgrades, expansion of a Price Choppee supermarket that anchors the center and increased pad-sitre availability along 63rd Street. Tri-Land also hopese to announce a new anchor tenan t soon forthe 37-year-old center. Tri-Land owns and manages more than 2.8 million square feet of retail space inthe Midwest, Mid-Atlantic and Southeastt regions of the country.
It specializesz in acquiring and revitalizing distressed and undervalued community centers ranginygfrom 100,000 square feet to 750,000 squarew feet.
Sunday, December 9, 2012
Big earnings on Monday: TI, ABM Industries, Greif - MarketWatch
sucujovide.wordpress.com
Big earnings on Monday: TI, ABM Industries, Greif MarketWatch ABM Industries Inc. (NYSE:ABM) is expected to report fourth-quarter earnings of 44 cents a share. Greif Inc. (NYSE:GEF) is forecast to post fourth-quarter earnings of 56 cents a share. This Story has 0 Comments. Read them & join the conversation. More ... |
Saturday, December 8, 2012
Fred
paramonaxogilozi.blogspot.com
The Memphis-based discount retailer reported saleof $134.7 million for May, down 6 percent compared to salew of $143.4 million in May 2008. Thesde numbers include Fred’s FRED) closing 74 underperforming stores and 23 Excludingthose stores, Fred’s sales increased 1 percentt compared to last May. Comparablre store sales in Mayrose 0.2 down compared to 3.4 percent in the same period last For the first four fiscal months of 2009, the company reportefd total sales of $593.1 million, down 2.4 percent comparedf to $607.7 million for the same year-agko period.
However, excluding stores closed in 2008, salew from ongoing stores increased 4 percenty compared to thesame four-month periox last year. On a comparable storwe basis, year-to-date sales increased 2.1 percent compared to 2.4 percent last Fred’s opened one new pharmacy in May. Fred’s operatesd 666 discount merchandise including 24 franchised stores Shares closed down 12 centsto $14.22 per shar Wednesday.
The Memphis-based discount retailer reported saleof $134.7 million for May, down 6 percent compared to salew of $143.4 million in May 2008. Thesde numbers include Fred’s FRED) closing 74 underperforming stores and 23 Excludingthose stores, Fred’s sales increased 1 percentt compared to last May. Comparablre store sales in Mayrose 0.2 down compared to 3.4 percent in the same period last For the first four fiscal months of 2009, the company reportefd total sales of $593.1 million, down 2.4 percent comparedf to $607.7 million for the same year-agko period.
However, excluding stores closed in 2008, salew from ongoing stores increased 4 percenty compared to thesame four-month periox last year. On a comparable storwe basis, year-to-date sales increased 2.1 percent compared to 2.4 percent last Fred’s opened one new pharmacy in May. Fred’s operatesd 666 discount merchandise including 24 franchised stores Shares closed down 12 centsto $14.22 per shar Wednesday.
Wednesday, December 5, 2012
Mergers: Districts ponder joining forces - Business First of Buffalo:
titus-neither.blogspot.com
The Town of Tonawanda resident headedthe 17-member board for seven years befors stepping down in March. Yet he didn’t retire. He continuees to serve as WesternNew York’s regent, and he remains as outspoke n as ever about educational One of his pet topicx is the sheer number of local school There are too many of them, he says, and theidr enrollments are generally too small. “Why do you need 28 schoopl districts inErie County?” he asks. “I’ed like to see somethint like five districts in the countyh insteadof 28. I’d even like to start talkinv about a countywideschool district, like they have in North Carolina and a few other states.
” Bennett’sd stand is buttressed by a report released last Decembefr by the State Commission on Property Tax “New York State has too many school the report says flatly. It suggests that districtsw with fewerthan 1,000 students should be required to merg with adjacent systems, and districtsa with enrollments between 1,000 and 2,00o0 should be encouraged to follow Such proposals hit home in Western New where 66 of the region’s 98 school districtsd have enrollments below 2,000, including 38 with fewer than 1,000p students from kindergarten through 12th grade.
The heart of this issure is a matter of benefitas andcosts -- pitting the perceived advantageas of combining two or more districtws against the potential loss of loca l control and self-identity. Advocates maintain that mergerx allow consolidated districts to be more construct better schools and offer a widert range ofchallenging courses. “It’s not only a financial To me, it’s a mattert of equity,” says Bennett.
“If you had a regionaol high school, maybe serving seven or eight ofthe districts, it would give kids the opportunity to work with each otherf -- and to have the best of the But opponents contend that merger bring more bureaucracy, longer bus ridess for students and diminution of locakl pride. “In this community, the world revolves arounr this school,” says Thomas Schmidt, superintendent of the 478-pupil Sherman Central School District inChautauqua County. “I f the school went away, Sherman, N.Y., woulsd lose a great deal of its identity.
” School consolidation has been a emotional issue for a The state was crosshatchedby 10,5655 districts in 1910, many of them centeresd on one-room schoolhouses. A push for greatere efficiency reduced that numberto 6,4009 by the outbreak of World War II, then swiftly down to 1,300 by 1960. New York now has 698 Statewide enrollment works outto 2,540 pupils per district, whichg falls 25 percent below the national average of according to the State Commissiom on Property Tax Relief. The gap is even largefr in WesternNew York, which had 104 districtsa when Business First began rating schoolxs in 1992.
Mergers have since reducesd that number to 98 school They educate an averageof 2,268 33 percent below the U.S. norm. A comprehensive efforrt to push regional enrollment up to the nationall average would require the elimination of 33 Westernj NewYork districts. That process would be complicated, rancorous -- and extremely unlikely. There is no shortagse of candidatesfor consolidation, to be Business First easily came up with 13 hypothetica l mergers, most of them based on standards proposed in last December’s report. These unions would involve districts from all eight for a summary of these 13potentia consolidations. It should be stressed that this list is not reality.
State officialx lack the power to force districts to Initiative must be taken at the local whichhappens infrequently. Only one prospective merger in Western New York has currentlhy reached an advanced stageof negotiations. Brocton and Fredoni began consolidation talks last eventually commissioning a feasibility study at the beginningof winter. If they decider later this year that a merge rmakes sense, voters in both districts would be given their say in a
The Town of Tonawanda resident headedthe 17-member board for seven years befors stepping down in March. Yet he didn’t retire. He continuees to serve as WesternNew York’s regent, and he remains as outspoke n as ever about educational One of his pet topicx is the sheer number of local school There are too many of them, he says, and theidr enrollments are generally too small. “Why do you need 28 schoopl districts inErie County?” he asks. “I’ed like to see somethint like five districts in the countyh insteadof 28. I’d even like to start talkinv about a countywideschool district, like they have in North Carolina and a few other states.
” Bennett’sd stand is buttressed by a report released last Decembefr by the State Commission on Property Tax “New York State has too many school the report says flatly. It suggests that districtsw with fewerthan 1,000 students should be required to merg with adjacent systems, and districtsa with enrollments between 1,000 and 2,00o0 should be encouraged to follow Such proposals hit home in Western New where 66 of the region’s 98 school districtsd have enrollments below 2,000, including 38 with fewer than 1,000p students from kindergarten through 12th grade.
The heart of this issure is a matter of benefitas andcosts -- pitting the perceived advantageas of combining two or more districtws against the potential loss of loca l control and self-identity. Advocates maintain that mergerx allow consolidated districts to be more construct better schools and offer a widert range ofchallenging courses. “It’s not only a financial To me, it’s a mattert of equity,” says Bennett.
“If you had a regionaol high school, maybe serving seven or eight ofthe districts, it would give kids the opportunity to work with each otherf -- and to have the best of the But opponents contend that merger bring more bureaucracy, longer bus ridess for students and diminution of locakl pride. “In this community, the world revolves arounr this school,” says Thomas Schmidt, superintendent of the 478-pupil Sherman Central School District inChautauqua County. “I f the school went away, Sherman, N.Y., woulsd lose a great deal of its identity.
” School consolidation has been a emotional issue for a The state was crosshatchedby 10,5655 districts in 1910, many of them centeresd on one-room schoolhouses. A push for greatere efficiency reduced that numberto 6,4009 by the outbreak of World War II, then swiftly down to 1,300 by 1960. New York now has 698 Statewide enrollment works outto 2,540 pupils per district, whichg falls 25 percent below the national average of according to the State Commissiom on Property Tax Relief. The gap is even largefr in WesternNew York, which had 104 districtsa when Business First began rating schoolxs in 1992.
Mergers have since reducesd that number to 98 school They educate an averageof 2,268 33 percent below the U.S. norm. A comprehensive efforrt to push regional enrollment up to the nationall average would require the elimination of 33 Westernj NewYork districts. That process would be complicated, rancorous -- and extremely unlikely. There is no shortagse of candidatesfor consolidation, to be Business First easily came up with 13 hypothetica l mergers, most of them based on standards proposed in last December’s report. These unions would involve districts from all eight for a summary of these 13potentia consolidations. It should be stressed that this list is not reality.
State officialx lack the power to force districts to Initiative must be taken at the local whichhappens infrequently. Only one prospective merger in Western New York has currentlhy reached an advanced stageof negotiations. Brocton and Fredoni began consolidation talks last eventually commissioning a feasibility study at the beginningof winter. If they decider later this year that a merge rmakes sense, voters in both districts would be given their say in a
Tuesday, December 4, 2012
Whitacre plans to stay planted in S.A. as GM chair - Puget Sound Business Journal (Seattle):
ogarawo.wordpress.com
But that is preciselyt the role he will playif GM’sa Chapter 11 reorganization plan is approved by the U.S. Bankruptcyg Court. Interim GM Chairman Kent Kresa saysthe Detroit-based automakefr has tapped Whitacre, former chairmann and CEO of , to lead the companyt once it exits bankruptcy. Was Whitacrer expecting that he would be the next chairmamnof GM? “No,” he tells the in an exclusive interview. But is he ready to roll up hissleeves “This is a chance for me to do some public service that is important for the country and for the company,” Whitacrer explains. “I hope I can help get this where we want itto go.
” On June 1, GM announcee that it had filed voluntary petitions for reliev under Chapter 11 of the United Statews Bankruptcy Code in the U.S. Bankruptcy Court for the Southernb District ofNew York. The company’sz reorganization plan includes selling substantially all of its globalp assets to anew GM. That sale is subject to the approval ofthe court. Kresa will continue to serve as interimk chairmanuntil GM’s reorganization plan is approved and Whitacrer takes over the “The appointment of Ed Whitacr e as chairman represents a very auspicious beginning for the new Kresa said in a press statement.
“Wes look forward,” he adds, ‘to workiny with him to complete the reinvention of GM and maximiz the enormous potential of thisnew Whitacre, 67, was chairman and CEO of AT&T Inc. and its predecessort companies from 1990to 2007. It was under his watch that what was then Southwestern Bell relocatex its headquartersfrom St. Louis to San Antonio. Sinces then, Whitacre has taken a vested interest in theAlamo City. In addition to the millions of dollars contributeed by the company in the San Antonio community, Whitacre has been publicly recognized for his personal contributione to the city.
Last San Antonio witnessed the opening of the Musep Alameda with the help of corporate partnersaand AT&T. Whitacre served as honorary chairman of the museum for itsgrand opening. In 2003, for UTSA President Ricardo Romo presented Whitacre with the inaugural Tom Frostr Award for his leadership in business and his dedicatio to enhancing the community through persona l andcorporate philanthropy. In 1998, he served as the chairmajn for the United Way Community Campaigm for San Antonio andBexare County. Because of thoswe deep South Texas roots, and despite of his new Whitacre says he will not leave San Antonikfor Detroit. “This is my city,” says Whitacrwe about San Antonio.
“I’m not moving.” That said, Whitacree does hope to help restored faith in anhistoric company. “We just want to help this he says.
But that is preciselyt the role he will playif GM’sa Chapter 11 reorganization plan is approved by the U.S. Bankruptcyg Court. Interim GM Chairman Kent Kresa saysthe Detroit-based automakefr has tapped Whitacre, former chairmann and CEO of , to lead the companyt once it exits bankruptcy. Was Whitacrer expecting that he would be the next chairmamnof GM? “No,” he tells the in an exclusive interview. But is he ready to roll up hissleeves “This is a chance for me to do some public service that is important for the country and for the company,” Whitacrer explains. “I hope I can help get this where we want itto go.
” On June 1, GM announcee that it had filed voluntary petitions for reliev under Chapter 11 of the United Statews Bankruptcy Code in the U.S. Bankruptcy Court for the Southernb District ofNew York. The company’sz reorganization plan includes selling substantially all of its globalp assets to anew GM. That sale is subject to the approval ofthe court. Kresa will continue to serve as interimk chairmanuntil GM’s reorganization plan is approved and Whitacrer takes over the “The appointment of Ed Whitacr e as chairman represents a very auspicious beginning for the new Kresa said in a press statement.
“Wes look forward,” he adds, ‘to workiny with him to complete the reinvention of GM and maximiz the enormous potential of thisnew Whitacre, 67, was chairman and CEO of AT&T Inc. and its predecessort companies from 1990to 2007. It was under his watch that what was then Southwestern Bell relocatex its headquartersfrom St. Louis to San Antonio. Sinces then, Whitacre has taken a vested interest in theAlamo City. In addition to the millions of dollars contributeed by the company in the San Antonio community, Whitacre has been publicly recognized for his personal contributione to the city.
Last San Antonio witnessed the opening of the Musep Alameda with the help of corporate partnersaand AT&T. Whitacre served as honorary chairman of the museum for itsgrand opening. In 2003, for UTSA President Ricardo Romo presented Whitacre with the inaugural Tom Frostr Award for his leadership in business and his dedicatio to enhancing the community through persona l andcorporate philanthropy. In 1998, he served as the chairmajn for the United Way Community Campaigm for San Antonio andBexare County. Because of thoswe deep South Texas roots, and despite of his new Whitacre says he will not leave San Antonikfor Detroit. “This is my city,” says Whitacrwe about San Antonio.
“I’m not moving.” That said, Whitacree does hope to help restored faith in anhistoric company. “We just want to help this he says.
Monday, December 3, 2012
Chrysler plans to close two Raleigh-Durham dealerships - Triangle Business Journal:
ogarawo.wordpress.com
Dodge on Wake Forest Road in Raleigh and Johnsoj Chrysler Dodge Jeep on Jackie Robinson Drive in Durhajm are on the list of the 789 dealershipss Chrysler wants to drop to download a PDF of the entire The move means that Chrysler wantsz to pull the franchise rights that allows the dealers to sellthe automaker's It’s expected that the dealers will be able to appeal Chrysler’w decision. Even if they can't continue to sell Chrysler automobiles, dealerxs could stay in business by reachinhg agreements with other manufacturers or movingf aroundexisting inventory.
Southern States, for said in a news release Thursday afternoon that it would move its Nissaj dealership on Wake Forest Road into theDodgde showroom. Southern States sells Buicks, Mazdas, Nissans, Subarus and Volkswagens from its lots and showroomsa on either side of Wake Forestf Road just south of SixForks Road. Jeff Gorton, Southernb States' chief financial officer, said in a writtehn statement that his company had no plans to eliminatre jobs but that some employees may move to new positionas tofill needs.
As for losing Gorton said his company was shedding alosing "Sales, profit margins, parts and servicre with Dodge have continued to shrink over the past severao years, until being a Dodger dealer is no longer a profitablw venture,” he said. Mark Gabriella, generakl manager of Johnson ChryslerDodge Jeep, was unavailablse for comment. Privately held Chrysler fileed for Chapter 11 bankruptcy in April in a deal that includee a partnershipwith Italy’s Fiat. Anotherf round of dealership eliminations is expecte d to be announcedthis week.
is expectecd to announced 2,600 dealership cuts before the end of theday Editor's note: The Chrysler list includes 14 dealerships with Nortj Carolina addresses, but one of those dealerw actually is in California. That dealership, FAA Serramonte, is owneed by Sonic Automotive Inc. of whose address was used in the filing.
Dodge on Wake Forest Road in Raleigh and Johnsoj Chrysler Dodge Jeep on Jackie Robinson Drive in Durhajm are on the list of the 789 dealershipss Chrysler wants to drop to download a PDF of the entire The move means that Chrysler wantsz to pull the franchise rights that allows the dealers to sellthe automaker's It’s expected that the dealers will be able to appeal Chrysler’w decision. Even if they can't continue to sell Chrysler automobiles, dealerxs could stay in business by reachinhg agreements with other manufacturers or movingf aroundexisting inventory.
Southern States, for said in a news release Thursday afternoon that it would move its Nissaj dealership on Wake Forest Road into theDodgde showroom. Southern States sells Buicks, Mazdas, Nissans, Subarus and Volkswagens from its lots and showroomsa on either side of Wake Forestf Road just south of SixForks Road. Jeff Gorton, Southernb States' chief financial officer, said in a writtehn statement that his company had no plans to eliminatre jobs but that some employees may move to new positionas tofill needs.
As for losing Gorton said his company was shedding alosing "Sales, profit margins, parts and servicre with Dodge have continued to shrink over the past severao years, until being a Dodger dealer is no longer a profitablw venture,” he said. Mark Gabriella, generakl manager of Johnson ChryslerDodge Jeep, was unavailablse for comment. Privately held Chrysler fileed for Chapter 11 bankruptcy in April in a deal that includee a partnershipwith Italy’s Fiat. Anotherf round of dealership eliminations is expecte d to be announcedthis week.
is expectecd to announced 2,600 dealership cuts before the end of theday Editor's note: The Chrysler list includes 14 dealerships with Nortj Carolina addresses, but one of those dealerw actually is in California. That dealership, FAA Serramonte, is owneed by Sonic Automotive Inc. of whose address was used in the filing.
Saturday, December 1, 2012
Real estate vets opening hardware store - Orlando Business Journal:
batyushkinuxit.blogspot.com
Jeff Pfeil and Deane Pfeikl are opening later this summer at 63Third St., the same address where they renovated the upper four floors into 19 luxurh apartments called The Conservatory. The husband-and-wifee team -- who own the commercial leasingt and marketingfirm Inc. in Saratoga Springs -- say a hardwarde store is needed downtown to serve local businessese and residents who must now travel miles away tobuy tools, equipmen t and other supplies. They know the frustration firsthand after doing two residential renovation projects inthe city, the Conservatory and Powers Park Lofts in north Troy. “Our construction staff was runninb all over to pick up the JeffPfeil said.
“We were spending a lot of time drivingv to Latham and I was hauling a lot from in We thought, ‘Gee, there’s a void here.’” Trojan Hardwars on Congress Street recently closed after 94 years in business, leaving downtown with no othet hardware stores. The closest is across the Hudson River in Watervliey or uptown near the town of Pfeil Hardware will be part of inFort Ind., the nation’s second largest hardware co-operative. The store will be managesd by Steven Lesnewskiof Pittsfield, Mass., who has more than 25 yearw of experience in the hardwarr industry.
The 8,700-square-foot store will stock hardware, small appliances, fasteners, electrical and plumbing Benjamin Moore paints andotherf products. It won’t sell lumber. The Pfeilzs have been planning the store fora year. As part of their research they visited hardware stores in college towns and larges cities to see what kinds of products customers They also searched hard for someone to managethe “The decision wasn’t final until we foundd the right person,” Pfeil said. The Pfeila have been in the commercial real estate and developmen t business for more than20 years, but this will be the firsr time they will own a store. There’as a reason for that.
“Because of all the years we workes with retailers very closely we have a pretty thorouggh understandingof retail, that’s probably why we never went into it,” Jeff Pfeil said. “It’s sort of a but retail is a lot of hard long hours and all the things that comewith it.” they knew from personal experience a hardware store is neede and were encouraged by the resultws of their marketing studies. Finding a seasonedr store manager was also Mayor Harry Tutunjian cheered the announcement aboutthe store. “Jeff and Deane Pfeilk have a record of success in Troy and I am sure that this new venturew will succeed as Tutunjian said.
“The residents of Troy will benefit from havingt a well stocked urbam hardware store in the heartg ofthe city.” The opening of Pfeil Hardware, whicy is tentatively set for September, will return retailing to a downtowj building that had long served as the home of Stanley’zs department store. The building sat empty for years beforew the Pfeils bought it and converte d the upper floors into 19 luxury apartmentds they callThe Conservatory. All but two of the apartments were occupiedx as ofJuly 1. The Pfeils declinedr to say how much they spentin start-up costs for the hardwarwe store.
Nor did they want to say how much they coul d have received per square foot had they leased the first floor space toanotherr tenant. Lease rates in downtown Troy were $10 to $20 per squarde foot as of the fourth quartedof 2008, according to CB Richard Ellis/Albany.
Jeff Pfeil and Deane Pfeikl are opening later this summer at 63Third St., the same address where they renovated the upper four floors into 19 luxurh apartments called The Conservatory. The husband-and-wifee team -- who own the commercial leasingt and marketingfirm Inc. in Saratoga Springs -- say a hardwarde store is needed downtown to serve local businessese and residents who must now travel miles away tobuy tools, equipmen t and other supplies. They know the frustration firsthand after doing two residential renovation projects inthe city, the Conservatory and Powers Park Lofts in north Troy. “Our construction staff was runninb all over to pick up the JeffPfeil said.
“We were spending a lot of time drivingv to Latham and I was hauling a lot from in We thought, ‘Gee, there’s a void here.’” Trojan Hardwars on Congress Street recently closed after 94 years in business, leaving downtown with no othet hardware stores. The closest is across the Hudson River in Watervliey or uptown near the town of Pfeil Hardware will be part of inFort Ind., the nation’s second largest hardware co-operative. The store will be managesd by Steven Lesnewskiof Pittsfield, Mass., who has more than 25 yearw of experience in the hardwarr industry.
The 8,700-square-foot store will stock hardware, small appliances, fasteners, electrical and plumbing Benjamin Moore paints andotherf products. It won’t sell lumber. The Pfeilzs have been planning the store fora year. As part of their research they visited hardware stores in college towns and larges cities to see what kinds of products customers They also searched hard for someone to managethe “The decision wasn’t final until we foundd the right person,” Pfeil said. The Pfeila have been in the commercial real estate and developmen t business for more than20 years, but this will be the firsr time they will own a store. There’as a reason for that.
“Because of all the years we workes with retailers very closely we have a pretty thorouggh understandingof retail, that’s probably why we never went into it,” Jeff Pfeil said. “It’s sort of a but retail is a lot of hard long hours and all the things that comewith it.” they knew from personal experience a hardware store is neede and were encouraged by the resultws of their marketing studies. Finding a seasonedr store manager was also Mayor Harry Tutunjian cheered the announcement aboutthe store. “Jeff and Deane Pfeilk have a record of success in Troy and I am sure that this new venturew will succeed as Tutunjian said.
“The residents of Troy will benefit from havingt a well stocked urbam hardware store in the heartg ofthe city.” The opening of Pfeil Hardware, whicy is tentatively set for September, will return retailing to a downtowj building that had long served as the home of Stanley’zs department store. The building sat empty for years beforew the Pfeils bought it and converte d the upper floors into 19 luxury apartmentds they callThe Conservatory. All but two of the apartments were occupiedx as ofJuly 1. The Pfeils declinedr to say how much they spentin start-up costs for the hardwarwe store.
Nor did they want to say how much they coul d have received per square foot had they leased the first floor space toanotherr tenant. Lease rates in downtown Troy were $10 to $20 per squarde foot as of the fourth quartedof 2008, according to CB Richard Ellis/Albany.
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