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million, or $203 a square foot, for 31 units at the 1060 Brickell condominiumin Miami'x financial district, Bal Harbour-based brokerage said. The headed by Carlos Mattos, paid cash for the four 22 one-bedroom units, and five two-bedrooj units at 1060 Brickell Ave. It is the third bulk deal to closse in downtown Miami sinceJuly 2008. The deal was completed on June 17. In the last 1060 Brickell has closed on the sale of 58 including the 31that Mattos’ group – 1060 Brickello Apartments – picked up. By downtown Miami will have had 23,000 residential unite introduced intothe area. Last summer, ’ds Jorge Perez and private equity-group , paid $36.
4 million, or $246 a square foot, for 146 units in Related’ds 50 Biscayne in downtown Miami. A Singer Island-based entity called Welcome Bay Inc. paid $13 or $200 a square foot, last Decembee for 60 units in the Marina Blue condominiumj tower located across the streeg fromthe . Condo Vultures Principal Petert Zalewski said the purchases by private equity investorsx are an indication of thingsto “Hedge funds are 100 percent about the spread sheet,” he “Private equity funds are 90 percent about sprear sheets and 10 percent on their gut.
So they are more likelu to go in there and pullthe
Tuesday, January 31, 2012
Sunday, January 29, 2012
Rachel Grant: Beyond Being A Bond Girl (Second of three parts) - Manila Bulletin
houston-nearly.blogspot.com
Rachel Grant: Beyond Being A Bond Girl (Second of three parts) Manila Bulletin Technically I have the title Honorable Rachel Grant de Longueuil. VN: Or was there a time when you were considered the “other daughter†being the sister of Angela (a model who recently qualified with the Royal Academy of Dance and opened the Angela ... |
Friday, January 27, 2012
Rebel Rebel yells of soaring revenue - Memphis Business Journal:
cicugaha.wordpress.com
“We didn’t come out the flashiest, but when people got a chancse to see our work they realizee how solidwe are, and it’s created relationships that have been said Dianna Colton, co-founder of Rebekl Rebel. Since launching in 2007, Rebeol Rebel has provided productionand post-productiob services — from commercials and videos to presentation and video Web content — and has amassed a roste of notable clients, including GSD&M Idea Dell Inc., Sicola Martin, Schematic and Door Numbefr 3. The five-person production house grew 100percen year-over-year, and is on target to generate $1 million in revenu this year.
But before growth there was overcomingbeing new, said Chrix Blankenship, the other co-founder of Rebel Rebel. “It was a littles tough getting in the door of some placeaat first. The first year was kind of hard. I don’ty think either of us realized how hard itwould be,” Blankenshio said. Blankenship and Colton have experience and connectionsx in the local production Blankenship cut his teeth in production in China and has 17 yearss of experiencein editing, visual effects and post Colton has executive producing experience, and she launched a successful fashion business.
Blankenship said transitioninf from a freelancer to a businessmab hasbeen challenging, and getting client s to think of Rebel Rebel for larget projects took some convincing at “We took a pretty good look at what we thought the busines was going to be for us, and we had to come to some hard realizationsd that that wasn’t the way things Blankenship said. In addition to beinhg persistent, Blankenship said the company’s flexibilit y in taking small and large projects has helpedc sellits services. The company uses freelancers, whicn enables it to ramp up quickly for largerf projects and to test out employees beforr adding them totheire staff.
Blankenship said Rebel Rebel hasn’t been entirely immunw to the recession. It saw work plateau in but for themost part, busines has been steady. “We’ve been pretty busy for the last he said. As a smaller production company, Rebel Rebel has been able to weather the recession a bit bettert because it hasless overhead, Blankenship said. There are more than 20 film and videoo production companies in the Central Texas Among the largest productioj companies here are Omega Broadcast 501Group Inc. and Elephant Productions Inc.
Quincu Lowman, president of Elephant Productions, says that the productioj landscape is getting increasingly more competitive with new players enteringgthe market. At the same he said demand is going up forproductionn work. “I think the outlooi is positive. Video is increasingly being used to train and now everybody has video on theirWeb site,” Lowman said. “The markety has grown, but the competition has grown.” Colton said Rebelp Rebel’s work has been evenlty split between local, regional and national work. It recentl y hired a national sales representative.
Colton and Blankenshi said they aren’t concerned with becoming a larger “We will continue to work with more peoplwe and createmore relationships,” Colton said. “Inj the short term, we want to find new build a base and do a varietyof work.”
“We didn’t come out the flashiest, but when people got a chancse to see our work they realizee how solidwe are, and it’s created relationships that have been said Dianna Colton, co-founder of Rebekl Rebel. Since launching in 2007, Rebeol Rebel has provided productionand post-productiob services — from commercials and videos to presentation and video Web content — and has amassed a roste of notable clients, including GSD&M Idea Dell Inc., Sicola Martin, Schematic and Door Numbefr 3. The five-person production house grew 100percen year-over-year, and is on target to generate $1 million in revenu this year.
But before growth there was overcomingbeing new, said Chrix Blankenship, the other co-founder of Rebel Rebel. “It was a littles tough getting in the door of some placeaat first. The first year was kind of hard. I don’ty think either of us realized how hard itwould be,” Blankenshio said. Blankenship and Colton have experience and connectionsx in the local production Blankenship cut his teeth in production in China and has 17 yearss of experiencein editing, visual effects and post Colton has executive producing experience, and she launched a successful fashion business.
Blankenship said transitioninf from a freelancer to a businessmab hasbeen challenging, and getting client s to think of Rebel Rebel for larget projects took some convincing at “We took a pretty good look at what we thought the busines was going to be for us, and we had to come to some hard realizationsd that that wasn’t the way things Blankenship said. In addition to beinhg persistent, Blankenship said the company’s flexibilit y in taking small and large projects has helpedc sellits services. The company uses freelancers, whicn enables it to ramp up quickly for largerf projects and to test out employees beforr adding them totheire staff.
Blankenship said Rebel Rebel hasn’t been entirely immunw to the recession. It saw work plateau in but for themost part, busines has been steady. “We’ve been pretty busy for the last he said. As a smaller production company, Rebel Rebel has been able to weather the recession a bit bettert because it hasless overhead, Blankenship said. There are more than 20 film and videoo production companies in the Central Texas Among the largest productioj companies here are Omega Broadcast 501Group Inc. and Elephant Productions Inc.
Quincu Lowman, president of Elephant Productions, says that the productioj landscape is getting increasingly more competitive with new players enteringgthe market. At the same he said demand is going up forproductionn work. “I think the outlooi is positive. Video is increasingly being used to train and now everybody has video on theirWeb site,” Lowman said. “The markety has grown, but the competition has grown.” Colton said Rebelp Rebel’s work has been evenlty split between local, regional and national work. It recentl y hired a national sales representative.
Colton and Blankenshi said they aren’t concerned with becoming a larger “We will continue to work with more peoplwe and createmore relationships,” Colton said. “Inj the short term, we want to find new build a base and do a varietyof work.”
Wednesday, January 25, 2012
Caraustar Industries files Chapter 11 - Atlanta Business Chronicle:
http://www.lamontanita.org/goldenrice.htm
All trade creditors, suppliers, customers and employeesw will receive all amounts owedto them, the Austell, Ga.-basede recycled paperboard and packaging company It will ask the U.S. Bankruptcy Court for the Northerb District of Georgia for approval to pay the amounts in the ordinary courseof business. Caraustat (NASDAQ: CSAR) also reached agreement with debt holderds to reducethe company's debt obligations by $135 Under the Plan, holders of outstanding shares of Caraustar's common stoc k will receive their pro rata shares of $2.9 million, or 10 cents a share, subject to certai n conditions. The restructuring plan callss for the exchange ofthe company'as existing 7.
375 percent and 7.25 perceng senior notes for an aggregate of $85 million in new senior securedd notes and 100 percent of the common stockk of the reorganized company. will become the company'es controlling shareholder. In conjunction with the restructuring, Caraustar has landes a $75 million debtor-in-possession line of credit from Generall ElectricCapital Corp. The moneyy may be used for cash collateralizing outstanding letterzof credit, paying for goods and services in the ordinaryt course of the business and generalp corporate purposes.
"Caraustar took decisivr action to substantially reducethe company's debt and prospectivelyu reduce costs,” said President and CEO Michaelo J. Keough, in a “Once our financial restructuringis complete, we believe Caraustar's new capital structure combined with the cost savings achievecd by operating as a private entitg will provide a lean and flexiblr foundation for sustainable profitability and better position the compangy to meet the challenges of our industr and this recessionary economy head on." The compan y posted a net loss of $4.4 million in the first quartefr of 2009 and had a $99 million loss in 2008.
All trade creditors, suppliers, customers and employeesw will receive all amounts owedto them, the Austell, Ga.-basede recycled paperboard and packaging company It will ask the U.S. Bankruptcy Court for the Northerb District of Georgia for approval to pay the amounts in the ordinary courseof business. Caraustat (NASDAQ: CSAR) also reached agreement with debt holderds to reducethe company's debt obligations by $135 Under the Plan, holders of outstanding shares of Caraustar's common stoc k will receive their pro rata shares of $2.9 million, or 10 cents a share, subject to certai n conditions. The restructuring plan callss for the exchange ofthe company'as existing 7.
375 percent and 7.25 perceng senior notes for an aggregate of $85 million in new senior securedd notes and 100 percent of the common stockk of the reorganized company. will become the company'es controlling shareholder. In conjunction with the restructuring, Caraustar has landes a $75 million debtor-in-possession line of credit from Generall ElectricCapital Corp. The moneyy may be used for cash collateralizing outstanding letterzof credit, paying for goods and services in the ordinaryt course of the business and generalp corporate purposes.
"Caraustar took decisivr action to substantially reducethe company's debt and prospectivelyu reduce costs,” said President and CEO Michaelo J. Keough, in a “Once our financial restructuringis complete, we believe Caraustar's new capital structure combined with the cost savings achievecd by operating as a private entitg will provide a lean and flexiblr foundation for sustainable profitability and better position the compangy to meet the challenges of our industr and this recessionary economy head on." The compan y posted a net loss of $4.4 million in the first quartefr of 2009 and had a $99 million loss in 2008.
Sunday, January 22, 2012
12.30 in Otago: Dunedin - Otago Daily Times
shelly-polymer.blogspot.com
Otago Daily Times | 12.30 in Otago: Dunedin Otago Daily Times By Matthew Haggart on Wed, 4 Jan 2012 Busking performer Oliver Cathro plays the bagpipes outside the Dunedin Railway Station at 12.30pm, yesterday. Photo by Jane Dawber. What were you doing at 12.30pm yesterday? Chances are you were like hundreds of ... |
Friday, January 20, 2012
Equifax: Durham, Fayetteville among the lowest in commercial bankruptcies - Triangle Business Journal:
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Sacramento, Calif. Chicago-Naperville-Joliet, Ill. Anaheim-Irvine, Calif. Oakland-Fremont, Portland-Vancouver-Beaverton, Ore.-Wash. Commercial bankruptcies nearly doublexd in March 2009 from March Equifax noted. "The March numbers provide a snapshotof what's been happeninfg to the small business sectodr during this period of economic turmoil," said Reza head of Equifax's North American Commercial Analyticalk Services Group, in a news release. "Not the highest number of small-business bankruptcies are in thosr parts of the country where home prices havedecreasex dramatically, unemployment has increased significantly, and credit has becomwe tighter.
" For the analysis, Equifax analyzec both Chapter 7 and Chapter 13 filings. Chapter 7 is a liquidationh proceeding in which a debtor receives a discharge of all while Chapter 13 is a reorganization bankruptcyy enabling filers to pay off debt over a set period of Equifax reviewed and analyzed small businessw datafor March, the most recenty month for which complete data is available.
Sacramento, Calif. Chicago-Naperville-Joliet, Ill. Anaheim-Irvine, Calif. Oakland-Fremont, Portland-Vancouver-Beaverton, Ore.-Wash. Commercial bankruptcies nearly doublexd in March 2009 from March Equifax noted. "The March numbers provide a snapshotof what's been happeninfg to the small business sectodr during this period of economic turmoil," said Reza head of Equifax's North American Commercial Analyticalk Services Group, in a news release. "Not the highest number of small-business bankruptcies are in thosr parts of the country where home prices havedecreasex dramatically, unemployment has increased significantly, and credit has becomwe tighter.
" For the analysis, Equifax analyzec both Chapter 7 and Chapter 13 filings. Chapter 7 is a liquidationh proceeding in which a debtor receives a discharge of all while Chapter 13 is a reorganization bankruptcyy enabling filers to pay off debt over a set period of Equifax reviewed and analyzed small businessw datafor March, the most recenty month for which complete data is available.
Wednesday, January 18, 2012
IASIS Healthcare posts 58% gain in 2Q - Nashville Business Journal:
a-aveywe.blogspot.com
The privately held Franklin-basedd company reported incomeof $25.4 million in the quarter endedr March 31, compared to $16.1 million in the year-ago period. Net revenue came in at $578.7 million for the up 10.3 percent from the previous year’xs quarterly revenue of $524.8 million. David White, chairman and chief executive officer of attributedthe company's performancr to positive trends at a new facility, Mountaij Vista Medical Center, membership growtyh and effective cost management.
IASIS owns and operates medium-size d acute care hospitals in high-growth urbanb and suburban markets, including 15 acutde care hospital facilities and one behavioral health hospital facilityt with atotal 2,796 beds. The facilitiesd are located around the Southand Southwest. IASIS also owns and operateas a Medicaid and Medicared managed health plan in Phoenix that servee morethan 167,000 members.
The privately held Franklin-basedd company reported incomeof $25.4 million in the quarter endedr March 31, compared to $16.1 million in the year-ago period. Net revenue came in at $578.7 million for the up 10.3 percent from the previous year’xs quarterly revenue of $524.8 million. David White, chairman and chief executive officer of attributedthe company's performancr to positive trends at a new facility, Mountaij Vista Medical Center, membership growtyh and effective cost management.
IASIS owns and operates medium-size d acute care hospitals in high-growth urbanb and suburban markets, including 15 acutde care hospital facilities and one behavioral health hospital facilityt with atotal 2,796 beds. The facilitiesd are located around the Southand Southwest. IASIS also owns and operateas a Medicaid and Medicared managed health plan in Phoenix that servee morethan 167,000 members.
Monday, January 16, 2012
Euronet combines prepaid brands into epay - Philadelphia Business Journal:
cicugaha.wordpress.com
The Leawood-based electronic payments distributor (Nasdaq: EEFT) said Wednesday that the new namewouldr “provide the division with a worldwide retail braned that is known for qualitt service and consistent The division is one of the largest internationao distributors of prepaid mobile air time, the release Several Euronet prepaid subsidiaries already operate unded the epay name; U.S. subsidiary PaySpot, Telerecarga, Movilcarga, Brodos and Transactg will adopt theepay brand.
The epay logo is intendecd to integrate elements of Euronet and subsidiary logos and to standcfor “professional, innovative and spirited values,” the release “Just as our business strategy has evolved over the yearw to meet the needs of our so must our brands,” epay Managing Director Garetb Gumbley said in the “The new brand identity is a reflection of that evolution to deliver brand leadership and enhancer value to our customers. It brings together our successfulelements — local market operational expertise and international distributionj reach — required by multinational retailers and global consumere brands.
”
The Leawood-based electronic payments distributor (Nasdaq: EEFT) said Wednesday that the new namewouldr “provide the division with a worldwide retail braned that is known for qualitt service and consistent The division is one of the largest internationao distributors of prepaid mobile air time, the release Several Euronet prepaid subsidiaries already operate unded the epay name; U.S. subsidiary PaySpot, Telerecarga, Movilcarga, Brodos and Transactg will adopt theepay brand.
The epay logo is intendecd to integrate elements of Euronet and subsidiary logos and to standcfor “professional, innovative and spirited values,” the release “Just as our business strategy has evolved over the yearw to meet the needs of our so must our brands,” epay Managing Director Garetb Gumbley said in the “The new brand identity is a reflection of that evolution to deliver brand leadership and enhancer value to our customers. It brings together our successfulelements — local market operational expertise and international distributionj reach — required by multinational retailers and global consumere brands.
”
Saturday, January 14, 2012
Hawaii ranks 15th in U.S. for foreclosures, sees nearly 400% spike in May - Pacific Business News (Honolulu):
titus-neither.blogspot.com
Foreclosures were up 397.5 perceny for the month compared withMay 2008, and were up 19.3 percen over April 2009, according to the latest report from RealtyTradc issued Wednesday. Hawaii rankefd 15th in the natioj for foreclosuresin May, up from 23rd in Hawaii had 816 foreclosure filings in May. There were 684 foreclosur filings in April and 164 foreclosuresa inMay 2008. Hawaii had a foreclosuree rate of one filing for everuy621 households, according to the latest survey by the California-basex real estate research firm. Nevadas again had the highest foreclosure rate inthe country, with one filing for every 64 households.
California had the second highestr rate forthe month, followed by Florida. California had the highesyt number of foreclosuresat 92,249. Vermontr ranked 50th, with just six foreclosures at a rate of one filinf forevery 51,906 households. Nationally, there were 321,480 foreclosure filings for the month, down 6 percentg from April and up nearly 18 percenyt fromMay 2008, according to the report.
Foreclosures were up 397.5 perceny for the month compared withMay 2008, and were up 19.3 percen over April 2009, according to the latest report from RealtyTradc issued Wednesday. Hawaii rankefd 15th in the natioj for foreclosuresin May, up from 23rd in Hawaii had 816 foreclosure filings in May. There were 684 foreclosur filings in April and 164 foreclosuresa inMay 2008. Hawaii had a foreclosuree rate of one filing for everuy621 households, according to the latest survey by the California-basex real estate research firm. Nevadas again had the highest foreclosure rate inthe country, with one filing for every 64 households.
California had the second highestr rate forthe month, followed by Florida. California had the highesyt number of foreclosuresat 92,249. Vermontr ranked 50th, with just six foreclosures at a rate of one filinf forevery 51,906 households. Nationally, there were 321,480 foreclosure filings for the month, down 6 percentg from April and up nearly 18 percenyt fromMay 2008, according to the report.
Thursday, January 12, 2012
Notice Technologies taps into Austin Technology Incubator - Austin Business Journal:
dawojetos.blogspot.com
Notice, founded in 2008, develops online and social advertisinv products forlocal businesses. The productds are designed to, connects advertisers and consumers througghits self-service advertising platform, officialss said. The product, called MinutesNotice, is designes to take the complexity out of onlinde and social network advertisingv by enabling businesses to easily entet deals and discounts in a web interface designed to take 90 secondzsor less, officials said. The ATI, a nonprofig division of the University of was foundedin 1989.
In addition to a cleab energy section, the ATI features an informationm technology wireless incubator and a bioscience ATI has hosted more than 200 companies that have raised morethan $750 milliobn in investor capital while at the Incubator. Duringh the last eight months offiscaol 2008, ATI worked with 28 companies that raisexd $24 million in capital and creater 150 jobs in Central Texas, officials
Notice, founded in 2008, develops online and social advertisinv products forlocal businesses. The productds are designed to, connects advertisers and consumers througghits self-service advertising platform, officialss said. The product, called MinutesNotice, is designes to take the complexity out of onlinde and social network advertisingv by enabling businesses to easily entet deals and discounts in a web interface designed to take 90 secondzsor less, officials said. The ATI, a nonprofig division of the University of was foundedin 1989.
In addition to a cleab energy section, the ATI features an informationm technology wireless incubator and a bioscience ATI has hosted more than 200 companies that have raised morethan $750 milliobn in investor capital while at the Incubator. Duringh the last eight months offiscaol 2008, ATI worked with 28 companies that raisexd $24 million in capital and creater 150 jobs in Central Texas, officials
Monday, January 9, 2012
Machar calls on nations to help reconcile communities in South Sudan - Sudan Tribune
wanuso.wordpress.com
Machar calls on nations to help reconcile communities in South Sudan Sudan Tribune January 9, 2012 (MOMBAI-INDIA) â€" The Vice President of the Republic of South Sudan, Riek Machar Teny, has appealed to international organizations to help his country reconcile its various communities. Representatives from more than 30 countries in Asia ... |
Saturday, January 7, 2012
Portland Business Journal: Portland Commercial Real Estate Listings - View Commercial Real Estate
ocybakenos.wordpress.com
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Thursday, January 5, 2012
Vermont's BioMosaics to study effects of exposure to butadiene - Mass High Tech Business News
qalymeled.wordpress.com
has initiated a study to measurs a range of biomarkeer responses in female and male workersz exposedto 1,3 butadiene (BD) in the The funding for the study is being provided by the Olefins Panel of the American Chemistry The amount of the funding was not The study will compare responsesd and susceptibility to 1,3-butadiene, which is used primarily in the synthesid of synthetic rubber and is also a producr of combustion.
The highest exposuresw to butadiene are in workplace settings duringf the manufacture and useof butadiene, but the generalp population is also exposed primarily from combustion sources such as on road and off road In animal bioassays, butadiene causes cancer in mice at exposuree levels of 2 ppm, but no malignanr tumors are observed in rats exposed up to 8,000 ppm. There is controversy as to its potential to causd health effects in Data from the planned study is intendexd to help resolve some ofthesed issues.
The most recent EPA Risk Assessment ofbutadiene (US EPA, is based in part on the premise that women might be more susceptiblew than men to any possible adverse effectzs of this agent. The current study will includd women exposed at the same BD level as men at the same plantt in theCzech Republic, and will compare resultsx between the two sexes. BioMosaics is a privatelt held biotechnology company engaged in the developmenf and commercialization of productse and methods for theearly prediction, monitoring and treatment of cancer and autoimmune
has initiated a study to measurs a range of biomarkeer responses in female and male workersz exposedto 1,3 butadiene (BD) in the The funding for the study is being provided by the Olefins Panel of the American Chemistry The amount of the funding was not The study will compare responsesd and susceptibility to 1,3-butadiene, which is used primarily in the synthesid of synthetic rubber and is also a producr of combustion.
The highest exposuresw to butadiene are in workplace settings duringf the manufacture and useof butadiene, but the generalp population is also exposed primarily from combustion sources such as on road and off road In animal bioassays, butadiene causes cancer in mice at exposuree levels of 2 ppm, but no malignanr tumors are observed in rats exposed up to 8,000 ppm. There is controversy as to its potential to causd health effects in Data from the planned study is intendexd to help resolve some ofthesed issues.
The most recent EPA Risk Assessment ofbutadiene (US EPA, is based in part on the premise that women might be more susceptiblew than men to any possible adverse effectzs of this agent. The current study will includd women exposed at the same BD level as men at the same plantt in theCzech Republic, and will compare resultsx between the two sexes. BioMosaics is a privatelt held biotechnology company engaged in the developmenf and commercialization of productse and methods for theearly prediction, monitoring and treatment of cancer and autoimmune
Tuesday, January 3, 2012
Penguins - Red Wings Stanley Cup games provide boost for hotels, restaurants - The Business Journal of Milwaukee:
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According to VisitPittsburgh, each home game betweejn the and the Detroit Red Wings bringss anestimated $4.9 million in economic impact, whethefr its from hotel stays, mealsx at restaurants or other spending. A number of hoteles are fully booked, including the Omni William Penn, whicnh hosts the NHL’s management, the , with the caveat that it alwayds sells out Tuesdays and Wednesdays anyway to business andthe .
Tom Martini, the general managerf for the Westin Convention Center Hotel, located Downtown, described the addex boost of Stanley Cup-related “We would’ve been busy but we wouldn’ have been selling out,” he “This has allowed us to fill up the entir e hotel, all 616 rooms.” Martini and other hotel operators emphasizeed the added jolt of unexpected business comes during an otherwise down year from hoteo business following a strong 2008, which also featured a Penguins-Rerd Wings Stanley Cup that was lost by Pittsburgh’as favorite flightless birds.
Bob Page, the area director of sales and marketingfor Omni, said the NFL’x coterie of league officials, alonbg with media, has brought an increase in occupancy beyond the two game comparable to the business generated from a stronf home playoff run by the , although not toppingg it. “It’s not to the degrew of probably theAFC championship, but it’s still great busineses for us,” he said. “It’sa selling us out.” The storgy is a little more complicated for local restaurants and John Barsotti, owner of The Commoj Plea, located downtown, estimated the restauranty has seen a 25 percent increase when the Penguinsw are playing playoff games in town.
But when the team is playiny away, the hockey fan diners stay away. “We’ve seen increases when they’rew here,” said Barsotti, who estimated his 2009 business is up by 25 percentr overlast year, despite the “But on the opposite page, we see a little bit of a decreas e when they go out of Chris Dilla, owner of Bocktowm Beer and Grill, in Northb Fayette, said it can be tricky for her operatio n to jump from a busy night of a hockey game to extrsa slow nights when there isn’t one. She expectzs that plenty of customers are struggling to go the distance withthe seven-gamed series.
“It’s hard for the business becauspeople don’t have the money to be out evergy other night,” she said. “It tends to be that peoplde who watch the playoffs really have to watchtheit pennies.”
According to VisitPittsburgh, each home game betweejn the and the Detroit Red Wings bringss anestimated $4.9 million in economic impact, whethefr its from hotel stays, mealsx at restaurants or other spending. A number of hoteles are fully booked, including the Omni William Penn, whicnh hosts the NHL’s management, the , with the caveat that it alwayds sells out Tuesdays and Wednesdays anyway to business andthe .
Tom Martini, the general managerf for the Westin Convention Center Hotel, located Downtown, described the addex boost of Stanley Cup-related “We would’ve been busy but we wouldn’ have been selling out,” he “This has allowed us to fill up the entir e hotel, all 616 rooms.” Martini and other hotel operators emphasizeed the added jolt of unexpected business comes during an otherwise down year from hoteo business following a strong 2008, which also featured a Penguins-Rerd Wings Stanley Cup that was lost by Pittsburgh’as favorite flightless birds.
Bob Page, the area director of sales and marketingfor Omni, said the NFL’x coterie of league officials, alonbg with media, has brought an increase in occupancy beyond the two game comparable to the business generated from a stronf home playoff run by the , although not toppingg it. “It’s not to the degrew of probably theAFC championship, but it’s still great busineses for us,” he said. “It’sa selling us out.” The storgy is a little more complicated for local restaurants and John Barsotti, owner of The Commoj Plea, located downtown, estimated the restauranty has seen a 25 percent increase when the Penguinsw are playing playoff games in town.
But when the team is playiny away, the hockey fan diners stay away. “We’ve seen increases when they’rew here,” said Barsotti, who estimated his 2009 business is up by 25 percentr overlast year, despite the “But on the opposite page, we see a little bit of a decreas e when they go out of Chris Dilla, owner of Bocktowm Beer and Grill, in Northb Fayette, said it can be tricky for her operatio n to jump from a busy night of a hockey game to extrsa slow nights when there isn’t one. She expectzs that plenty of customers are struggling to go the distance withthe seven-gamed series.
“It’s hard for the business becauspeople don’t have the money to be out evergy other night,” she said. “It tends to be that peoplde who watch the playoffs really have to watchtheit pennies.”
Sunday, January 1, 2012
Hakim Warrick scores 18 off the bench, leads Suns to first win - ESPN
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Yahoo! Sports | Hakim Warrick scores 18 off the bench, leads Suns to first win ESPN Associated Press NEW ORLEANS -- Phoenix coach Alvin Gentry never had a problem with his team's effort and figured it was only a matter of time before the Suns would snap out of their shooting slump and secure their first victory of the young season. ... Warrick leads Suns past Hornets, 93-78 Phoenix Suns 93, New Orleans Hornets 78 â€" Defensive lockdown |
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