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Newton, Mass.-based HRPT (NYSE: HRP), a real estate investmeng trust that owns and operates officew andindustrial buildings, paid cash for the The sales price was not announced. Seventeenth Stree t Plaza is located at 122517th St., acrossa from the Tabor Center retail and hotel complex. It was develope d by what’s now Jonees Lang LaSalle Inc. of Chicago, and was completed in 1982. Previous ownerds include Equitable Real Estate InvestmentManagement Inc. (ERE), part of the Equitable insurance Australian real estate giant LendLease Corp. Ltd. took over the buildinyg in the 1990s after itacquiree ERE.
JPMorgan quietly put the buildintg on the market inearly 2008, asking $385 per squarse foot, or roughly $250 million, broker s said. Brookfield Properties Corp. of New York and Toronto had the building under contract to purchase last summerfor $225 but the deal was not consummated becauss of the debt crisis’ impact on Brookfield’as lender, said real estate brokers knowledgeable about the As of October, the building was off the The building, with an attached parking structure, is 93 percent leased and includes Ink! Coffee and Heidi’x Brooklyn Deli outlets. It is home to the headquarters of Molson CoorsBrewing Co.
Friday, August 19, 2011
Wednesday, August 17, 2011
State higher-education board awards major grants to San Antonio College - St. Louis Business Journal:
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The Texas Higher Education Coordinatintg Board is furnishing the funding over the next three One grant will support a summer bridge programn to serve 11th and 12th grade studentds from San Antonio Independent School San Antonio College wantas to help students from the schoolk district who are not colleg e ready make the transition from high schoolpto college. Another grant will support SanAntoniop College’s Senior Summer Program, which accept recent graduates from Jefferson, Fox Tech, Lanier, Highlands, Kennedy, Holmes, Jay, Lee and Alamo Heights high These students have an opportunity to earn up to seven college credits.
The third gran t will allow San Antonio College to recruit, assess and enroll 11th and 12th grader from Edgewood Independent School These students will be provided with college-readinessx coursework in English and math and receive one-on-one counseling, tutorinv and participate in field trips. “These grantds will give us many more resources to help studentxs succeed academically and move onto college,” San Antoniko College President Robert E. Zeigler says. “Achieving academic succesas will help students have fulfilling careers and improve the quality of life inour community.
We enjoyu our relationships with local high schools and see these programs as beneficial to the colleg eand students.” These programs are offerexd through the college’s divisioh of evening, weekend and distance The state awards grants to community colleges and participatingf school districts as a way to help low-income students do well in college.
The Texas Higher Education Coordinatintg Board is furnishing the funding over the next three One grant will support a summer bridge programn to serve 11th and 12th grade studentds from San Antonio Independent School San Antonio College wantas to help students from the schoolk district who are not colleg e ready make the transition from high schoolpto college. Another grant will support SanAntoniop College’s Senior Summer Program, which accept recent graduates from Jefferson, Fox Tech, Lanier, Highlands, Kennedy, Holmes, Jay, Lee and Alamo Heights high These students have an opportunity to earn up to seven college credits.
The third gran t will allow San Antonio College to recruit, assess and enroll 11th and 12th grader from Edgewood Independent School These students will be provided with college-readinessx coursework in English and math and receive one-on-one counseling, tutorinv and participate in field trips. “These grantds will give us many more resources to help studentxs succeed academically and move onto college,” San Antoniko College President Robert E. Zeigler says. “Achieving academic succesas will help students have fulfilling careers and improve the quality of life inour community.
We enjoyu our relationships with local high schools and see these programs as beneficial to the colleg eand students.” These programs are offerexd through the college’s divisioh of evening, weekend and distance The state awards grants to community colleges and participatingf school districts as a way to help low-income students do well in college.
Monday, August 15, 2011
Downtown at the Gardens faces foreclosure - New Mexico Business Weekly:
fusajacuxejilyp.blogspot.com
The 337,000-square-foot shopping complex openedc in 2005 with high hopes of capitalizint on the wealthy residents of norther PalmBeach County, but it has lost many of its original Downtown at the Gardens is owned by , a joint venturw between Skokie, Ill.-based and the . manages the shopping Main tenants includeCobb Theater, , the , TooJay’sx and RA Sushi. Downtown at the Gardens was a succesws initially, but a flawed design and expensiv rent didit in, said Orin Rosenfeld, VP of ' retaik services group in Boca Raton. People frequentecd the movie theater and restaurants on the exterior of the but the retailers on the insidwe are dying because they get sparse foot traffic, he said.
"It wasn't designee to have a proper flow of traffifc throughthe project," Rosenfelcd said. "They need to get someone inside there to drawpeople in." A message left at the managemeng office of Downtown at the Gardensw was not immediately returned. On July 1, BH AABE DATG, an affiliatw of Boca Raton-based and Rockville, Md.-based Berman Enterprises, filecd a foreclosure complaintagainst , according to Palm Beach County Circuit Court records. It seeks foreclosured on the property, at 11701 Lake Victoriw Gardens Ave., based on a mortgage made for $140 The affiliate of Ashkenazy & Agus Ventures boughtr the shopping center’s mortgage from in January.
In April, it signefd a modification agreement withthe mall’s owner that requirerd it to make a $3.3 million escrow deposi t as additional security until the properthy improves its debt services coverage ratio and its occupancy West Palm Beach-based attorney Gary M. who represents the Ashkenazy Agus Ventures inthe lawsuit, said Downtown at the Gardenz Associates missed the June 1 mortgagee payment. He said the developerf is working with his client on a smoot h transition to hand overthe property. They filed a joint stipulatedd judgment of foreclosure proposal withthe “My clients are multigenerational real estate developers,” Dunkel said.
“Theirt intention is to invest in this project and revitalizse Downtown atthe Gardens. They want to make it the significanyt project that it was expectedto
The 337,000-square-foot shopping complex openedc in 2005 with high hopes of capitalizint on the wealthy residents of norther PalmBeach County, but it has lost many of its original Downtown at the Gardens is owned by , a joint venturw between Skokie, Ill.-based and the . manages the shopping Main tenants includeCobb Theater, , the , TooJay’sx and RA Sushi. Downtown at the Gardens was a succesws initially, but a flawed design and expensiv rent didit in, said Orin Rosenfeld, VP of ' retaik services group in Boca Raton. People frequentecd the movie theater and restaurants on the exterior of the but the retailers on the insidwe are dying because they get sparse foot traffic, he said.
"It wasn't designee to have a proper flow of traffifc throughthe project," Rosenfelcd said. "They need to get someone inside there to drawpeople in." A message left at the managemeng office of Downtown at the Gardensw was not immediately returned. On July 1, BH AABE DATG, an affiliatw of Boca Raton-based and Rockville, Md.-based Berman Enterprises, filecd a foreclosure complaintagainst , according to Palm Beach County Circuit Court records. It seeks foreclosured on the property, at 11701 Lake Victoriw Gardens Ave., based on a mortgage made for $140 The affiliate of Ashkenazy & Agus Ventures boughtr the shopping center’s mortgage from in January.
In April, it signefd a modification agreement withthe mall’s owner that requirerd it to make a $3.3 million escrow deposi t as additional security until the properthy improves its debt services coverage ratio and its occupancy West Palm Beach-based attorney Gary M. who represents the Ashkenazy Agus Ventures inthe lawsuit, said Downtown at the Gardenz Associates missed the June 1 mortgagee payment. He said the developerf is working with his client on a smoot h transition to hand overthe property. They filed a joint stipulatedd judgment of foreclosure proposal withthe “My clients are multigenerational real estate developers,” Dunkel said.
“Theirt intention is to invest in this project and revitalizse Downtown atthe Gardens. They want to make it the significanyt project that it was expectedto
Saturday, August 13, 2011
Lenovo increases market share, still No. 4 in PC sales - The Business Journal of Milwaukee:
http://www.fasett.info/faqxs.html
Morrisville-based Lenovo shipped more than 5.7 million PCs in the secondc quarter, enough for an 8.7 percent markef share. That’s up from 8.2 percent in the same period last remains the leaderwith 19.8 percent market share, followeed by Dell at 16.1 percent and Acer at 10 rounds out the top five with 5.3 percenft market share. Overall, sales for all PC maker are downby 3.1 percent compared to last a decline that IDC attributes to the global economi c downturn. But IDC also says the slump has been mitigated by a changes in the PC market that emphasizes a portableand cost-oriented computer experience rather than a performance-driven one.
Loren Loverde, director of IDC’s Worldwide Tracke r Program, said in a statement that the resultsw are a positive indicator for the secondd halfof 2009. New productr launches, seasonal growth and greate r economic confidence should support a returnn to growth for PC makers by the end ofthe year, he said. But business customerws continue to hold back growth as many businesses remaihn conservative withtheir spending.
Morrisville-based Lenovo shipped more than 5.7 million PCs in the secondc quarter, enough for an 8.7 percent markef share. That’s up from 8.2 percent in the same period last remains the leaderwith 19.8 percent market share, followeed by Dell at 16.1 percent and Acer at 10 rounds out the top five with 5.3 percenft market share. Overall, sales for all PC maker are downby 3.1 percent compared to last a decline that IDC attributes to the global economi c downturn. But IDC also says the slump has been mitigated by a changes in the PC market that emphasizes a portableand cost-oriented computer experience rather than a performance-driven one.
Loren Loverde, director of IDC’s Worldwide Tracke r Program, said in a statement that the resultsw are a positive indicator for the secondd halfof 2009. New productr launches, seasonal growth and greate r economic confidence should support a returnn to growth for PC makers by the end ofthe year, he said. But business customerws continue to hold back growth as many businesses remaihn conservative withtheir spending.
Wednesday, August 10, 2011
Aziz Ansari on 30 Minutes or Less, Paying Dues, and His Judd Apatow ... - Movieline
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Movieline | Aziz Ansari on 30 Minutes or Less, Paying Dues, and His Judd Apatow ... Movieline According to Ansari, he's just been paying his dues. “You look at people like Steve Carell, Will Ferrell and all those guys,†Ansari explained to Movieline during a brief chat at San Diego's Comic-Con last month, where he joined director Ruben ... |
Monday, August 8, 2011
Kauffman: Venture capital industry needs to shrink - Birmingham Business Journal:
http://pendennisclub.org/history.html
Only 16 percent of the 900 companiezs thatmade ’s list of the fastest-growinhg companies from 1997 to 2007 receivesd venture capital, the study found. Less than 1 percent of the estimater 600,000 new businesses a year that hire employeea are backedby VCs. The study said the VC industr needs to shrink because its returns are stagnatintg or declining while its assetes under managementare growing. Over a 10-yearr time frame, returns on venturre investments were 10 percent belosw the Russell 2000 Indexof small-cap stocks. The study notee that information technology and telecommunications are maturre andless capital-intensive now.
Plus, the stocjk market and potential corporate buyers are less intereste in young and unprofitable companies thanin VC’s “Venture participants now need to overcome their resistance to change, so they can most effectivelg fund entrepreneurs and offer investors competitive said Paul Kedrosky, a Kauffman senior felloww who authored the study. – Kent Hoover
Only 16 percent of the 900 companiezs thatmade ’s list of the fastest-growinhg companies from 1997 to 2007 receivesd venture capital, the study found. Less than 1 percent of the estimater 600,000 new businesses a year that hire employeea are backedby VCs. The study said the VC industr needs to shrink because its returns are stagnatintg or declining while its assetes under managementare growing. Over a 10-yearr time frame, returns on venturre investments were 10 percent belosw the Russell 2000 Indexof small-cap stocks. The study notee that information technology and telecommunications are maturre andless capital-intensive now.
Plus, the stocjk market and potential corporate buyers are less intereste in young and unprofitable companies thanin VC’s “Venture participants now need to overcome their resistance to change, so they can most effectivelg fund entrepreneurs and offer investors competitive said Paul Kedrosky, a Kauffman senior felloww who authored the study. – Kent Hoover
Saturday, August 6, 2011
J.G. Wentworth bankruptcy plan OK
http://www.0et0.com/2006/babygirlsn.html
As part of the deal, J.G. Wentworth’e parent, private equity firm of New York, will inves $100 million of new equity to supportongoinh operations. It will also provide as much as $35 million for the company to buy loans from lenders in exchanged for new preferred interestds inthe company. The Bryn Mawr, Pa.-based compangy sought acceptance of its plan from its lenders beforw what is called a prepackaged More than 90 percent of the term lenders thecompany said. J.G.
Wentworth said its decision to file for Chaptet 11 came after an extensive revieq of alternatives to address pressuresfrom “extremely challenginvg capital markets and high borrowing and was unanimously approved by the company’s board of directors. In December, J.G. Wentworth laid off 120 of its 200 employeezs and closed its LasVegas office. Founded in 1991, it moveed from Philadelphia to Bryn Mawrin 2003.
As part of the deal, J.G. Wentworth’e parent, private equity firm of New York, will inves $100 million of new equity to supportongoinh operations. It will also provide as much as $35 million for the company to buy loans from lenders in exchanged for new preferred interestds inthe company. The Bryn Mawr, Pa.-based compangy sought acceptance of its plan from its lenders beforw what is called a prepackaged More than 90 percent of the term lenders thecompany said. J.G.
Wentworth said its decision to file for Chaptet 11 came after an extensive revieq of alternatives to address pressuresfrom “extremely challenginvg capital markets and high borrowing and was unanimously approved by the company’s board of directors. In December, J.G. Wentworth laid off 120 of its 200 employeezs and closed its LasVegas office. Founded in 1991, it moveed from Philadelphia to Bryn Mawrin 2003.
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