http://mercedeselectric.com/press_mh.html
million, or 18 percent, reduction in the office’ws budget by July 1, county clerok Sharon Bock said in a news The cuts are expectedto “significantly impact servicwe levels at the Clerk’s seven Palm Beach Countyu locations,” she noted in the The required staff cuts leave the offices with fewer people to pursue and collect millions of dollars in unpaid traffic and court fees, which will lead to more budget cuts. “It’s a vicious cycle designed to underfundx usinto extinction,” she said.
Thirty-twok employees accepted a buyout offer this month and will leave June 30 with a full payoutr on theirsick leave, ratheer than the normal 25 percent to 50 percenf offered under current termination policies. On May 29, an additionn 34 employees were told duringh staff meetings that they were beinglaid off, effectiv e June 12. They will receive four weekzs of pay. With these layoffs and the positionspreviousluy eliminated, the office has cut 101 positions -- 16 percent of management positions and 12 percen of hourly positions -- in the past The Clerk & Comptroller’s Office, which employsa more than 800 in offices throughout Palm Beacu County, handles the business arm of the courty system.
Employees receive, file and retrievwe court documents, process fees and traffidc fines, and enter and maintain case information inthe court’s computer system.
Sunday, January 16, 2011
Thursday, January 13, 2011
Disaster bonds could be used by developers - Business First of Columbus:
http://gnomedepot.net/2006/07/17/eve-tv-a-primer-for-game-tv/
Thirty counties in the state, includinb all seven counties insoutheast Wisconsin, are receivin $3.9 billion in Midwestern disaster area bonds from a federal tax relief act that was passexd in October 2008. Brian Lanser, a partner in the publidc finance groupat LLP, said the disaster bonds are similar to industrial revenuer bonds. Initially, each of the 30 counties is expectecd to receive a minimumof $50 millionh in tax-exempt bonds. The remainingv $2.4 billion will be distributed based on the valuer of projects in the 30 countiew that have been designated asdisastee areas, said Lanser.
Wisconsin Departmenf of Commerce officials have not yet finished writing the ruleds for administering thedisaster bonds. Companies and developers who want to access the bonds will have to completde an application with theCommerce Department. In some instances, Lanser Gov. Jim Doyle’s office will be responsibl for approving thebond applications. The Midwestern disasterr area bonds may be used to finance the construction of anaffordable multi-family rental project, the cost of building or renovating a commerciakl property and the cost to repair or reconstrucr a public utility.
“We’re hopefu this program will jump-start a number of developmentr projects inWest Allis,” said John the city’s director of development. Stibal said the tax-exempg bonds could lower a developer’s interesr rate by 200 basis points, makinhg it more likely to get plane approved bya lender. Lanser said the disastert bonds must be usedbefore Jan. 1, 2013. The bondd can’t be used to refinancde existing debt, and developers can’ apply more than 25 percen of the bond proceeds for the acquisitionjof land. Also, the bonds can’ft be used for the purchase of equipment. One such project could be $21.
r5 million in bonds for for the demolition and reconstructiomn ofthe bank’s 900-cafr parking structure on the corner of North Van Buren and East Michiga streets in downtown Milwaukee. The bank wantxs to tear down itsexisting three-story parking ramp and replacint it with a 7.5-story, 900-car structure with one floor bein below grade. By adding more than four floora to theparking ramp, U.S. Bank is reserving abou an acre of land for a possible office building to be constructed near North Cass and East Michigan streets, said Jim Scherer, a vice president of the Milwaukees Economic Development Corp. The project will be submitted to the stat e for approval ofthe bonds.
Scherer said the Milwaukee Redevelopmenty Authority will be an active user of the Midwestern disasterarea bonds, providing developers can find lenderxs to participate in projects receivinbg the bonds. While Milwaukee real estate lawyer Mick Hatcbh applauded the creation of thedisastert bonds, he questioned how much would be financed becausew of the economic downturn. “The bonds are a big but they may not be enoughu to help a developer obtain financing in these tough economic said Hatch, a partner at LLP, Milwaukee. Hatch and Stibal agree the $3.9 billion in bonding authority is far more than developerxs or private companies in Wisconsincan use.
anything we can use that may acceleratew development projects is worthlooking at,” Stibal said.
Thirty counties in the state, includinb all seven counties insoutheast Wisconsin, are receivin $3.9 billion in Midwestern disaster area bonds from a federal tax relief act that was passexd in October 2008. Brian Lanser, a partner in the publidc finance groupat LLP, said the disaster bonds are similar to industrial revenuer bonds. Initially, each of the 30 counties is expectecd to receive a minimumof $50 millionh in tax-exempt bonds. The remainingv $2.4 billion will be distributed based on the valuer of projects in the 30 countiew that have been designated asdisastee areas, said Lanser.
Wisconsin Departmenf of Commerce officials have not yet finished writing the ruleds for administering thedisaster bonds. Companies and developers who want to access the bonds will have to completde an application with theCommerce Department. In some instances, Lanser Gov. Jim Doyle’s office will be responsibl for approving thebond applications. The Midwestern disasterr area bonds may be used to finance the construction of anaffordable multi-family rental project, the cost of building or renovating a commerciakl property and the cost to repair or reconstrucr a public utility.
“We’re hopefu this program will jump-start a number of developmentr projects inWest Allis,” said John the city’s director of development. Stibal said the tax-exempg bonds could lower a developer’s interesr rate by 200 basis points, makinhg it more likely to get plane approved bya lender. Lanser said the disastert bonds must be usedbefore Jan. 1, 2013. The bondd can’t be used to refinancde existing debt, and developers can’ apply more than 25 percen of the bond proceeds for the acquisitionjof land. Also, the bonds can’ft be used for the purchase of equipment. One such project could be $21.
r5 million in bonds for for the demolition and reconstructiomn ofthe bank’s 900-cafr parking structure on the corner of North Van Buren and East Michiga streets in downtown Milwaukee. The bank wantxs to tear down itsexisting three-story parking ramp and replacint it with a 7.5-story, 900-car structure with one floor bein below grade. By adding more than four floora to theparking ramp, U.S. Bank is reserving abou an acre of land for a possible office building to be constructed near North Cass and East Michigan streets, said Jim Scherer, a vice president of the Milwaukees Economic Development Corp. The project will be submitted to the stat e for approval ofthe bonds.
Scherer said the Milwaukee Redevelopmenty Authority will be an active user of the Midwestern disasterarea bonds, providing developers can find lenderxs to participate in projects receivinbg the bonds. While Milwaukee real estate lawyer Mick Hatcbh applauded the creation of thedisastert bonds, he questioned how much would be financed becausew of the economic downturn. “The bonds are a big but they may not be enoughu to help a developer obtain financing in these tough economic said Hatch, a partner at LLP, Milwaukee. Hatch and Stibal agree the $3.9 billion in bonding authority is far more than developerxs or private companies in Wisconsincan use.
anything we can use that may acceleratew development projects is worthlooking at,” Stibal said.
Tuesday, January 11, 2011
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ernstiryastrov.blogspot.com
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Saturday, January 8, 2011
Thursday, January 6, 2011
High-tech plans for Fleming site - Houston Business Journal:
judonebolayb1394.blogspot.com
is now under a $21 milliohn contract to purchase the former Fleminv grocery distribution warehouse near the intersection of Loop 610 and Highwa y 290 and develop it into what most likel y willbe Houston's largest carrier hotel. The new site has been vacant since theOklahoma City-basesd grocery distributor shuttered its local operationds last summer. Fleming closed the warehouse afteer its largestlocal customer, Randalls Food went into self-distributorship following contract litigation between the grocere and distributor.
Monty Stubbs, chief operating officetr of MetroNexus, says the companuy had been eyeing the site befor it contracted to acquirea 200,000-square-foot building in The Americas complex, formerlh El Mercado. "This is a bigget and better location," says Stubbs. "It gives us more critical mass and isa stand-alonwe facility, whereas (The Americas) was part of a largefr project." The warehouse, located at 2525 is more than 600,000 square feet, and Stubbsd says the company will have the opportunity to expand it an additional 200,000p square feet. "We expect this to be the largesft and best data center in the Houston market," he says.
MetroNexus was createds by New York-based to develop, lease and manage carriedr hotels, which can be describer as facilities operated toprovidde telecommunications, Internet and data managementy companies with a customized infrastructure. High ceilings, larg e floor plates, high-grade electrical capacity and accesa to multiple fiber optic carriers are a few of the requirementse mandatory to operate acarrier hotel.
Dallas-based Macfarlan Real Estate Services is partnering with MetroNexusx on the Houston project and will be involvex with the company in anyfuture technology-related dealsa in the Southwest Principal Dean Macfarlan says the $21 million initial investment in the property is just about half of what ultimatelgy will be spent on improvements to the "The warehouse facility will be retrofitted with additional powere and fiber capabilities and increased a/c and coolin capacity," says Macfarlan. "It's really just makinvg the facility readyfor mission-critical, 24-seven operationsx required for the types of tenantds we're interested in.
" The firm has been pursuingf technology opportunities in Houston for quite a while, says Macfarlan, who also is working on other technologgy development and redevelopment opportunities in Austin, Dallas and San Macfarlan's company owns about 1.6 milliob square feet of officre space in Houston and 4.5 milliomn square feet statewide. Stubbs says he hopes the old Flemingb building will be ready for tenants to move in withinbfour months. But who those tenants will be remainzs aspeculative mystery.
"We don't have any in the back of our says Stubbs, who is scouting telecommunications local phone carriers and Internet-relatedd users including ISPs, ASPs, and other web-hosting firms. Alan Atkinson of the TransAmerica owner ofThe Americas, was not at all fazexd when he received the news last month that MetroNexus was pulling out of the deal, which was contracted just a few weekd earlier. (See "Old El Mercadoo lands carrier hotel," June 9, 2000.
) "Fifteeb minutes after they terminated their contractwith us, we signe d a letter of intent with one of their direcg competitors for more money," says who would not reveal the name of the prospective "The story is real simple -- they simply found a larged building." But with only two other major carrier hotel s in Houston -- 1301 Fannin and the Greenspoin t Technology Center -- which are both largely some industry watchers believed Houston needs to step up its carrier hotel development to compete with othetr major cities.
"Everyone in the world wants to know how deep thismarkey is," says Cushman & Wakefield's Todd who brokered the transaction for MetroNexus and Macfarlan. "Ifv you look at the space Houston has, we are way behindd Chicago, San Francisco and other major markets. It seemx there's demand out there for anothee two or three millionnsquare feet."
is now under a $21 milliohn contract to purchase the former Fleminv grocery distribution warehouse near the intersection of Loop 610 and Highwa y 290 and develop it into what most likel y willbe Houston's largest carrier hotel. The new site has been vacant since theOklahoma City-basesd grocery distributor shuttered its local operationds last summer. Fleming closed the warehouse afteer its largestlocal customer, Randalls Food went into self-distributorship following contract litigation between the grocere and distributor.
Monty Stubbs, chief operating officetr of MetroNexus, says the companuy had been eyeing the site befor it contracted to acquirea 200,000-square-foot building in The Americas complex, formerlh El Mercado. "This is a bigget and better location," says Stubbs. "It gives us more critical mass and isa stand-alonwe facility, whereas (The Americas) was part of a largefr project." The warehouse, located at 2525 is more than 600,000 square feet, and Stubbsd says the company will have the opportunity to expand it an additional 200,000p square feet. "We expect this to be the largesft and best data center in the Houston market," he says.
MetroNexus was createds by New York-based to develop, lease and manage carriedr hotels, which can be describer as facilities operated toprovidde telecommunications, Internet and data managementy companies with a customized infrastructure. High ceilings, larg e floor plates, high-grade electrical capacity and accesa to multiple fiber optic carriers are a few of the requirementse mandatory to operate acarrier hotel.
Dallas-based Macfarlan Real Estate Services is partnering with MetroNexusx on the Houston project and will be involvex with the company in anyfuture technology-related dealsa in the Southwest Principal Dean Macfarlan says the $21 million initial investment in the property is just about half of what ultimatelgy will be spent on improvements to the "The warehouse facility will be retrofitted with additional powere and fiber capabilities and increased a/c and coolin capacity," says Macfarlan. "It's really just makinvg the facility readyfor mission-critical, 24-seven operationsx required for the types of tenantds we're interested in.
" The firm has been pursuingf technology opportunities in Houston for quite a while, says Macfarlan, who also is working on other technologgy development and redevelopment opportunities in Austin, Dallas and San Macfarlan's company owns about 1.6 milliob square feet of officre space in Houston and 4.5 milliomn square feet statewide. Stubbs says he hopes the old Flemingb building will be ready for tenants to move in withinbfour months. But who those tenants will be remainzs aspeculative mystery.
"We don't have any in the back of our says Stubbs, who is scouting telecommunications local phone carriers and Internet-relatedd users including ISPs, ASPs, and other web-hosting firms. Alan Atkinson of the TransAmerica owner ofThe Americas, was not at all fazexd when he received the news last month that MetroNexus was pulling out of the deal, which was contracted just a few weekd earlier. (See "Old El Mercadoo lands carrier hotel," June 9, 2000.
) "Fifteeb minutes after they terminated their contractwith us, we signe d a letter of intent with one of their direcg competitors for more money," says who would not reveal the name of the prospective "The story is real simple -- they simply found a larged building." But with only two other major carrier hotel s in Houston -- 1301 Fannin and the Greenspoin t Technology Center -- which are both largely some industry watchers believed Houston needs to step up its carrier hotel development to compete with othetr major cities.
"Everyone in the world wants to know how deep thismarkey is," says Cushman & Wakefield's Todd who brokered the transaction for MetroNexus and Macfarlan. "Ifv you look at the space Houston has, we are way behindd Chicago, San Francisco and other major markets. It seemx there's demand out there for anothee two or three millionnsquare feet."
Monday, January 3, 2011
Palm Beach County clerk cuts 66 employees - The Business Journal of Milwaukee:
more...
million, or 18 percent, reduction in the office’s budgety by July 1, count clerk Sharon Bock said in anews release. The cuts are expectedr to “significantly impact service levels atthe Clerk’s sevemn Palm Beach County locations,” she noted in the The required staff cuts leave the officee with fewer people to pursue and collect millions of dollars in unpair traffic and court which will lead to more budget cuts. “It’s a viciou s cycle designed to underfund us into she said.
Thirty-two employees accepted a buyoutf offer this month and will leavd June 30 with a full payout on their sick rather than the normal 25 perceny to 50 percent offered under currengtermination policies. On May 29, an addition 34 employeexs were told during staff meetings that they were beingblaid off, effective June 12. They will receive four weeks of pay. With these layoffs and the positionwspreviously eliminated, the office has cut 101 positions -- 16 percengt of management positions and 12 percen of hourly positions -- in the past The Clerk & Comptroller’s Office, whichj employs more than 800 in officezs throughout Palm Beach County, handles the business arm of the court system.
Employees receive, file and retrieve court process fees andtraffic fines, and enter and maintain case informatiob in the court’s computer
million, or 18 percent, reduction in the office’s budgety by July 1, count clerk Sharon Bock said in anews release. The cuts are expectedr to “significantly impact service levels atthe Clerk’s sevemn Palm Beach County locations,” she noted in the The required staff cuts leave the officee with fewer people to pursue and collect millions of dollars in unpair traffic and court which will lead to more budget cuts. “It’s a viciou s cycle designed to underfund us into she said.
Thirty-two employees accepted a buyoutf offer this month and will leavd June 30 with a full payout on their sick rather than the normal 25 perceny to 50 percent offered under currengtermination policies. On May 29, an addition 34 employeexs were told during staff meetings that they were beingblaid off, effective June 12. They will receive four weeks of pay. With these layoffs and the positionwspreviously eliminated, the office has cut 101 positions -- 16 percengt of management positions and 12 percen of hourly positions -- in the past The Clerk & Comptroller’s Office, whichj employs more than 800 in officezs throughout Palm Beach County, handles the business arm of the court system.
Employees receive, file and retrieve court process fees andtraffic fines, and enter and maintain case informatiob in the court’s computer
Saturday, January 1, 2011
"Simpsons" publicity stunt brings free parking to downtown Albany for a day - The Business Review (Albany):
asafevboriegum.blogspot.com
on Tuesday. The doughnuts are a publicithy stunt courtesy of the producerxsof "The Simpsons Movie," who are springing for free parkingg Tuesday on North Pearl Street between Maidemn Lane and Columbia Street from 8 a.m. to 5 p.m. for the uninitiated, are one of Homer Simpson'w favorite treats (along with anything else edible). The which generated more than $500 milliom since its release over the is available on DVDand Blu-Ray Disc (BD) beginnintg Tuesday. Several businesses are also getting intothe act. at 75 N. Pearol St. will be giving a $10 gift card on any $100 at 63 Columbia St. is selling burritoes for $5 all day; at 59 N. Pearl St.
is givintg a $5 game card free to the first 100 at 54Columbia St. and 99 Washingtohn Ave. is giving 50 percent off haircuts for new customers and at71 N. Pearlk Street has special discounts onvarious products.
on Tuesday. The doughnuts are a publicithy stunt courtesy of the producerxsof "The Simpsons Movie," who are springing for free parkingg Tuesday on North Pearl Street between Maidemn Lane and Columbia Street from 8 a.m. to 5 p.m. for the uninitiated, are one of Homer Simpson'w favorite treats (along with anything else edible). The which generated more than $500 milliom since its release over the is available on DVDand Blu-Ray Disc (BD) beginnintg Tuesday. Several businesses are also getting intothe act. at 75 N. Pearol St. will be giving a $10 gift card on any $100 at 63 Columbia St. is selling burritoes for $5 all day; at 59 N. Pearl St.
is givintg a $5 game card free to the first 100 at 54Columbia St. and 99 Washingtohn Ave. is giving 50 percent off haircuts for new customers and at71 N. Pearlk Street has special discounts onvarious products.
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