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said banks that are willing to deal on foreclosed unitsd are driving the firstquarter activity. For Shoma at Keys Cove in south Miami-Dade County sold the with 50 units closing in thefirst quarter. The Vue at Brickel sold 25 condos, ranking it seventh on CondoReports.com’ top-190 list. “Many banks have taken ownership of unitss in these buildings and are lookin g toget out,” said Adam Cappel, presidenr of CondoReports.com. “Banks, either througb short sales or units they own as a result of are the most active sellersin today’s market as they are willing to accepft market prices.
” The 10 most activer buildings produced an average of 29 sales, or one sale everuy three days. The buildings accounte for more than 11 percent of all condo saledsin Miami-Dade, according to a CondoReports.cokm news release. Most of the activity is tied to individuaplunit sales, and not bulk buys, Cappel “These buildings are moving toward stability as speculativw investors and thinly capitalized ownersa are being replaced with either owner-occupant or well-capitalized, patient investorse buying in at a much lower Cappel said in the statement. “Mostf are individual unit sales.
The study looked at closeds salesin 2,000 condo projectw with at least 50 units throughout Miami-Dade. The studh excluded units delivered in 2008 and 2009 becausde those sales were likely driven by preconstruction Cappel said.
Monday, July 25, 2011
Saturday, July 23, 2011
Tatra's Long Twilight Is Explored at a Tennessee Museum - New York Times (blog)
esyy23mozy.blogspot.com
New York Times (blog) | Tatra's Long Twilight Is Explored at a Tennessee Museum New York Times (blog) Courtesy of the Lane Motor MuseumThe museum's show features six cars from its collection of 22 Tatras. Nashville is full of shrines to its musical heroes. Much less expected is a temple to offbeat European cars. The Lane Motor Museum, ... |
Wednesday, July 20, 2011
Constant Contact Earnings Preview: What We're Watching - NASDAQ
http://gipnotizer.com/Hypnotizers/Quartz-Brazil/
Mass High Tech | Constant Contact Earnings Preview: What We're Watching NASDAQ Constant Contact ( CTCT ) is scheduled to announce its fiscal year 2011 Q2 earnings on July 28. We currently have a $30 price estimate for Constant Contact , which implies a 40% upside to the actual stock price. Constant Contact is primarily a provider ... Constant Contact Opens New York City Office; Company Adds Second Sm » |
Monday, July 18, 2011
Hot Option Plays: WANTED: Buyers - Daily Markets
esivyjifag.wordpress.com
Hot Option Plays: WANTED: Buyers Daily Markets Trading in the options market remains active, with 3.6 million c » |
Saturday, July 16, 2011
MARTA may get stimulus funds for operations - Dayton Business Journal:
edibin.wordpress.com
A provision in a supplemental spendiny bill pending inthe U.S. House of Representatives wouldd allow transit agencies to use up to 10 percen of their stimulus allocations to help covereoperational costs. The stimulus legislation Congress enacted last wintere limits spending tocapital projects. Facing an operating budget shortfall for the fiscal year startingJuly 1, MARTA’sx finance committee has recommended raising fares and reducing While the legislation before Congress would help the agency’s bottokm line, it wouldn’t resolve MARTA’s funding according to a statemeny released by MARTA on Friday.
“Flexibility is an importantf first step,” the statement read. additional funding for transit operations iscriticallt needed.” MARTA also is in line for a one-shor allocation of operational funds from the . The ARC boared voted last month to giveMARTA $25 millionn of the commission’s federal stimuluzs money in exchange for an equal amount from MARTA’s capitalo reserves. If the full MARTA board approve s the financecommittee recommendations, basic fares would increas e from $1.75 to $2 starting July 1, while MART trains would stop running at midnight.
A provision in a supplemental spendiny bill pending inthe U.S. House of Representatives wouldd allow transit agencies to use up to 10 percen of their stimulus allocations to help covereoperational costs. The stimulus legislation Congress enacted last wintere limits spending tocapital projects. Facing an operating budget shortfall for the fiscal year startingJuly 1, MARTA’sx finance committee has recommended raising fares and reducing While the legislation before Congress would help the agency’s bottokm line, it wouldn’t resolve MARTA’s funding according to a statemeny released by MARTA on Friday.
“Flexibility is an importantf first step,” the statement read. additional funding for transit operations iscriticallt needed.” MARTA also is in line for a one-shor allocation of operational funds from the . The ARC boared voted last month to giveMARTA $25 millionn of the commission’s federal stimuluzs money in exchange for an equal amount from MARTA’s capitalo reserves. If the full MARTA board approve s the financecommittee recommendations, basic fares would increas e from $1.75 to $2 starting July 1, while MART trains would stop running at midnight.
Wednesday, July 13, 2011
Penske Automotive to buy GM
srikanth-topic.blogspot.com
According to a memorandum of understanding signed by the two Penske will purchase the rights tothe brand, certain partas inventories and the right to distribut e vehicles and parts through Saturn’x dealerships. GM will continue to manufacture theSaturj Aura, Vue and Outlook models on a contract, interimj basis, according to a news The deal is expected to close in the thirfd quarter. The release didn’t detail the termsx of the deal or how long GM will manufactursethe vehicles. “We have agreed upon a framework that we believe will builx momentum for theSaturn brand,” said Rogetr Penske, chairman of Bloomfield Hills, Mich.-based Penske in the release.
founded by GM in 1990, has sold more than 4 milliom cars, according to the release. The originally innovative in its approach to manufacturingand marketing, was meanty to be a pacesetter for the rest of GM, but didn’tt live up to its There are about five Saturn dealerships in the Cincinnato area. Detroit-based GM filed for Chapter 11 bankruptcyt Monday. It is reportedlty in negotiations with a Chinese automaker to sell itsHummef brand, and it will discontinue its Pontiac Penske Automotive (NYSE: PAG) sells new and used parts, insurance and financing. It operates 310 retail automotive franchises, and 25 collision repair centers, representing 40 brands.
According to a memorandum of understanding signed by the two Penske will purchase the rights tothe brand, certain partas inventories and the right to distribut e vehicles and parts through Saturn’x dealerships. GM will continue to manufacture theSaturj Aura, Vue and Outlook models on a contract, interimj basis, according to a news The deal is expected to close in the thirfd quarter. The release didn’t detail the termsx of the deal or how long GM will manufactursethe vehicles. “We have agreed upon a framework that we believe will builx momentum for theSaturn brand,” said Rogetr Penske, chairman of Bloomfield Hills, Mich.-based Penske in the release.
founded by GM in 1990, has sold more than 4 milliom cars, according to the release. The originally innovative in its approach to manufacturingand marketing, was meanty to be a pacesetter for the rest of GM, but didn’tt live up to its There are about five Saturn dealerships in the Cincinnato area. Detroit-based GM filed for Chapter 11 bankruptcyt Monday. It is reportedlty in negotiations with a Chinese automaker to sell itsHummef brand, and it will discontinue its Pontiac Penske Automotive (NYSE: PAG) sells new and used parts, insurance and financing. It operates 310 retail automotive franchises, and 25 collision repair centers, representing 40 brands.
Monday, July 11, 2011
Developer sees future in empty AM&A's - Business First of Buffalo:
framptongeqeaqu1461.blogspot.com
The catch is Termini said he is goiny to needsignificant public-sector support, includingv an influx of incentives to make the restoration of the AM&A’sx department store work from a financially viable Termini made his pitch something he has considered for more than one year during Wednesday’s monthly meeting. Termini wants to buy the building from its current theLong Island-based , and renovate the nearly 500,000-square-foot structure into a facilityg anchored by residential units. Termini pegged the redevelopmeng costs inthe $80 million to $100 millionj range, depending on final plans. “It’s a heavg lift,” he said, “but someone needs to do it.
” Exceptr for a brief run as Taylor’s departmentt store, the AM&A’s store has been closed since Marcb 1995 whenthe Bon-Ton Storex Inc., who bought the AM&A’s chain in 1993, shutterec the retail outlet. AM&A’s, for more than a century, was one of downtown’s retailing anchors. The building has been subjec t to numerous Buffalo building code violationssince then. A number of development plans have been consideredc forthe building, but none ever materialized for a myriadr of reasons. “We believe the building can be Termini said.
The AM&A’ store along the Statler Towers andMain Street’ 500 block remain top economic developmengt projects for the city. Termini said he has only held the most basifc and preliminary talks with various county and city agenciee about incentives forthis project. “It’s not something that’s going to happen next week ornext month,” Terminii said of the project. “Maybe, in 18 months. It is doabled and can be done.” Termini has a deep traclk record of renovating older downtown buildings into residentiap andcommercial units, the AM&A’ s warehouse is his latest.
Crews are nearl done removing debris from the building and will starft with asbestos removal in the coming The heavy construction activity will start in Termini plans on convertingthe building’as upper floors in 48 market-rate apartments while P&B Acquisitions, a fast-growing collections agency, has agreed to leass 15,000-square-feet of office space. Termini said he already has 15 people on a waiting list for the He expects, when it opens next spring, that all 48 apartmentes will be leased.
The catch is Termini said he is goiny to needsignificant public-sector support, includingv an influx of incentives to make the restoration of the AM&A’sx department store work from a financially viable Termini made his pitch something he has considered for more than one year during Wednesday’s monthly meeting. Termini wants to buy the building from its current theLong Island-based , and renovate the nearly 500,000-square-foot structure into a facilityg anchored by residential units. Termini pegged the redevelopmeng costs inthe $80 million to $100 millionj range, depending on final plans. “It’s a heavg lift,” he said, “but someone needs to do it.
” Exceptr for a brief run as Taylor’s departmentt store, the AM&A’s store has been closed since Marcb 1995 whenthe Bon-Ton Storex Inc., who bought the AM&A’s chain in 1993, shutterec the retail outlet. AM&A’s, for more than a century, was one of downtown’s retailing anchors. The building has been subjec t to numerous Buffalo building code violationssince then. A number of development plans have been consideredc forthe building, but none ever materialized for a myriadr of reasons. “We believe the building can be Termini said.
The AM&A’ store along the Statler Towers andMain Street’ 500 block remain top economic developmengt projects for the city. Termini said he has only held the most basifc and preliminary talks with various county and city agenciee about incentives forthis project. “It’s not something that’s going to happen next week ornext month,” Terminii said of the project. “Maybe, in 18 months. It is doabled and can be done.” Termini has a deep traclk record of renovating older downtown buildings into residentiap andcommercial units, the AM&A’ s warehouse is his latest.
Crews are nearl done removing debris from the building and will starft with asbestos removal in the coming The heavy construction activity will start in Termini plans on convertingthe building’as upper floors in 48 market-rate apartments while P&B Acquisitions, a fast-growing collections agency, has agreed to leass 15,000-square-feet of office space. Termini said he already has 15 people on a waiting list for the He expects, when it opens next spring, that all 48 apartmentes will be leased.
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