Candlewood Suites becomes newest Amherst hotel - bizjournals Business Travel Guide

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The 76 all-suites hotel opened on The Candlewood Suites is ownexd and operated byof Cheektowaga. The hotel is the 12th in Hart’sx resume including six in the immediated BuffaloNiagara region. Located on Flint Road in just across Maple Road from the Universitt atBuffalo campus, the hotel neighbors another Hart-ownedc property, Hotel Indigo, which itself opened two years ago. Hart Hotels investedr $6.9 million in building the Candlewoocd Suites. The project was privately Part ofthe , Candlewood Suites is populard with those travelers who will be in area for extendedx period of time. Each suite has fully-equippef kitchen and offers large workspace along with high speedInternet access.
The hotel has such amenities as the Candlewoodd Cupboard where guests can shopfor meals, beverages or rent movies or music. The hotelo also has a gym that’as open all day, a 24-hourr laundry service and an outdoor gazebo for It isa pet-friendly hotel. “Wer believe this brand and our proximate location to the SUNY Buffaloo campus and our management experiencew will be a winning formula for years into the saidDavid Hart, company president and chieft executive officer. The hoteo will employ approximately20 people.

Report: Foreclosures are top sellers - Nashville Business Journal:

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said banks that are willing to deal on foreclosed unitas are driving the firstyquarter activity. For example, Shoma at Keys Cove in soutbh Miami-Dade County sold the most, with 50 units closing in the first The Vue at Brickell sold 25 ranking it seventhon CondoReports.com’ top-10p list. “Many banks have taken ownership of units in thesee buildings and are looking to get saidAdam Cappel, president of “Banks, either through shorf sales or units they own as a result of foreclosures, are the most activer sellers in today’s market as they are willingt to accept market The 10 most active buildings produced an averager of 29 sales, or one sale every three The buildings accounted for more than 11 percen of all condo sales in Miami-Dade, according to a CondoReports.
co m news release. Most of the activit is tied to individualunit sales, and not bulk Cappel said. “These buildings are moving towarsd stability as speculative investors and thinly capitalize d owners are being replaced witheither owner-occupant or patient investors buying in at a much lower cost,” Cappelo said in the statement. “Most are individual unit The study looked at closed salesin 2,000 condo projects with at least 50 units throughout Miami-Dade. The studg excluded units delivered in 2008 and 2009 because those sales were likely drivehn bypreconstruction contracts, Cappel said.

Trump Tower Tampa buyer tells courts The Donald misled her - South Florida Business Journal:

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A few buyers have been outspoken in sayinvg the real blame for the fabledcondominium tower's failure lays in New York at the feet of "Thde Donald," Donald Trump himself. Now anothee buyer has decided talk isn'y enough. Frustration over the celebritty developer's role in the project has mounted, and she believesd a judge shouldhear it. Jean Shahnasarian sued his company , and Trump Towedr Tampa for, among other charges, misleadingt buyers to believe that Trum p was part of the developmengt team ofthe 52-story tower and not simplyh a licensed name. The case was filecd at the end of May inthe , just weeks before SimDag/RoBELL sought Chapter 11 bankruptcy protection.
The bankruptcy staye SimDag/RoBEL's involvement in the lawsuit, but Christine A. Lamiaa of in Tallahassee, who is representingy Shahnasarian inthe case, said the suit is movinyg forward against Trump and his New York City-basesd company. Shahnasarian wants her deposit returned and to be release d fromthe sale. A bad investment? Shahnasarian and husbanrd -- Dr. Michael Shahnasarian, foundee of on Dale Mabry Highway -- paid a $278,0090 deposit for a $1.39 million unit on the 27th floore of Trump Tower Tampa in late 2005 with an agreemengt that the tower would be complete d by the endof 2008.
But by November developers made it clearthey wouldn't be able to meet that constructionh deadline and asked buyers to sign extensionx that provided for a numbet of incentives including accrued interest on deposits. Shahnasarian, had already given up. She decided to leave her contract and began to ask for a refund of her deposit as earlt asAugust 2007, the complaint reads. She received a letteer from Title Agency ofFlorida Inc. in Indianm Shores explaining that $139,000 of her deposit remained in escroaw as the other half was paid to SimDagfor "construction and development purposes," according to the court filing.
Purchased agreements called for 20 percent deposits with 10 percent going to escrowq and the other being made available to the developerw to help coverconstruction costs. The lawsuit claims Shahnasariabn has yet to receive a refunfd of her deposit and that she was defraudes out of that money since all aspects of thetransaction -- especially Trump's actual involvement in the property -- were not disclosed. Claimes by Shahnasarian are untrue, said Trump'zs local lawyer Christopher L. Griffin of . "Wer fully reject and deny any allegationof misrepresentation, and we intendx to continue to vigorously contest the Griffin said.
Lamia declined to comment and insteae referred tocourt records. That case file includes a number of newspapefr clippings as well as a press releasedated Jan. 10, 2005, from the Trumpl Tower Tampa Web site with theheadline "Donalde J. Trump to partner with SimDag LLC in developinhg a new residential condominium tower indowntownb Tampa." The release credits Trump with announcint plans for the tower and states he will partner with SimDa to build it. The release quotesa Tampa mayor Pam Ioriopraising Trump'sw "investment in Tampa.
" Trump's actual involvement -- where he woulc receive more than $2 million and a cut of the unit saleas for the use of his name -- was reveale d shortly before he filed suit against SimDag and the original developmen t partners in district court in May 2007. In that still pending, he is demanding the balanced of $1 million owed for the licensing fee and to have his name removedx fromthe project. SimDag countersuee claiming Trump breached the contract when he publicly revealed his involvement inthe project, a licensing deal that was supposed to remain secret. Frank SimDag's CEO, didn't return a call seekint comment. Trump Tower Tampa was never able to fullty get offthe ground.

Airbus trounces Boeing with another record order - Boston Globe

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Telegraph.co.uk

Airbus trounces Boeing with another record order Boston Globe Airbus said Wednesday, June 22, 2011, Indian low-cost carrier IndiGo has ordered 180 aircraft, including 150 of its new A320neo fuel saving jets, in what it c »

Dave Brown Executive Profile

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**All Executive profile data provided byDow

Former APG business park developer Opus East to liquidate under Ch. 7 - Puget Sound Business Journal (Seattle):

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Unable to refinance millions of dollarzin debts, the company planx to liquidate its portfoliop of commercial properties throughout the It was unclear how much Opus East expects to fetcn for its properties. Parent company , of Minneapolis, made the announcemenyt in a news release and said anotheer ofits subsidiaries, Ariz.-based Opus West, expects to seek Chaptet 11 protection in July. In its bankruptcy the company listed assets ofbetween $50 millio n and $100 million and liabilities of between $100 million and $500 “Declining real estate values and tight credi t markets continue to impedre the refinancing of assets and restructuringt of lending agreements,” Mark CEO of Opus Corp.
, said in a In addition to general market conditions, the company citedx $35 million in unpaid wages from the federal for a projectf it was developing in College Park for the , companuy spokeswoman Winston Hewett said in a telephone interview. The company had ceased building speculative officed buildings more than ayear ago, and it trimme its workforce from about 100 employees last year to abouf 16 employees as of June 15. The company did not include all of its subsidiarieas inthe filing.
It excluded, for example, Marylandf Enterprise LLC, which was developing the propertygfor NOAA, and Nursery Corner LLC, which builg a 160,000-square-foot office building in Linthicun Heights for defense contractotr Opus East has developed more than 13.3 millio square feet of space since 1994. Opus West has develope d more than 52.7 million square feet since 1979. Theswe bankruptcies come on the heels of the April 22 bankruptcy of OpusSouthy Corp., an Opus affiliate based in Atlanta. Opus has said it planx to wind down its operations in that part of the countrtas well. Opus has said it plana to continue to run its remaining operating companies, Opus North Corp.
, basexd in Chicago, and Opus Northwest, based in Minnetonka. Those units are actively pursuing They also have been less affectesd bythe recession, due to their mix of project healthy balance sheets and strongefr markets, according to Opus' press release. Opus said its development activity has fallen tojust 4.8 million square feet in down from 34 million square feet in 2007 and 35 milliomn square feet in 2008.

Minnesota Supreme Court rules for Franken; Coleman concedes - New Mexico Business Weekly:

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to receive the certificate of electioh as United States Senator from the Statdof Minnesota," the courr wrote in its opinion. Read the full rulingt here. The court rejected a legal challengee from RepublicanNorm Coleman, who claimed that a three-judger trial court erred in concludinyg that Franken received the most legally cast votes in the The three-judge panel issued its opinion on April 13 that Franken beat Coleman by 312 voted and should be seated as senator.
In upholding the April ruling, the justices said Coleman'sw appeal had "not shown that the trial court's findings of fact are clearly erroneouas or that the court committed an errorr of law or abuse dits discretion." In a statement Minnesota DFL Part Chair Brian Melendez and Associate Chair Donna Cassutt offeref congratulations to Franken. “Throughouf this long process, Minnesotand have seen what kind of senator Al Frankebnwill be: determined, patient, thoughtful and ready to work for our Now it is time for the senator-elecr to be seated so that Minnesota is once agai n fully represented in the United States Senate." Afterr Gov.
Tim Pawlenty certifies the election results, Franken, the Democraticf candidate, will be seated as Minnesota's juniore senator. Pawlenty told CNN on Sunday that he was preparecd to sign thecertificatse "as soon as I'm directed or required Such a certification is now all but as Coleman himself conceded the race in a presas conference Tuesday afternoon in the backyard of his home. “Any further litigationj damages the unity ofour state,” he asking the public to congratulate Franken as the new U.S. Coleman, who served one term in the U.S. held a 215-vote lead over Frankenm after the Nov. 4 election.
The margin was slim enouggh to force amandatory recount, which Frankenm won.

With money tight, more people forgo elective surgery - The Business Journal of Milwaukee:

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By December, there were fewer facelifts and breasr reductions on the booksat , said Dr. Jamesw Chappell. Patients spent their disposable dollars buying holidayg presents for their kids ratherr than oncosmetic procedures. This year, business is down 15 percent, largelhy due to a drop in cosmetic procedures. The surgeon also performes reconstructive surgery. Call it the ugly side of the Fewer people are getting their vision their teeth whitened and theirtummies tucked. Physiciand in Greater Baltimore blame the economg for curtailingelective procedures. The numbers back up theirr claim.
Of course, massive layoffz or widespread bankruptcies that have hit othe r industries are not affectingthese practices. But health long thought by many to bea recession-prooff industry, also finds itself beinyg dragged down by the global financial Surveys show that doctorws are seeing fewer patients overall due to the But elective procedures took the biggest nosedivwe because patients pay thousands of dollars up fronyt entirely out of their own pockets. Eye doctors, dentists and plasticd surgeons say parts of their practices that rely on insurancee are either not suffering or suffering less than theircosmetix business. Elective business is the cash cow.
For reconstructive plasti surgery — say following a car accident cataract surgery andother non-elective procedures, doctors will get a fraction of their bill covered by insurance companies. Since Marylandc has one of the lowestf medical reimbursement rates inthe nation, many doctorsd practicing in the state depend on the cosmetif procedures to sustain their To make up for the dip in doctors are cutting costs, diversifying their business and offering discounts to get more patients in the Will things turn around? Ophthalmologist Dr. Jay C. Grochmak sees no end in sight tothe “I’m not hopeful,” he said.
The housing and auto industries arestill weak, said Grochmal, who practices in Catonsvillew and Ellicott City. And if people are not confident abou tthe economy, they are less likelyt to get Lasik and other electives surgery, he said. “I don’t see an end to it anytim e soon.” But others, like Dr. are more optimistic. Two teachers came in last month wanting breast implants in time forthe summer. Here’ a look at the professionals feeling the bruntr of the electivesurgery drought. In 24 Dr.
Roger Levin has never seen anything likethis “I’ve never seen dentistry affected by the said Levin, owner of Owings Millws dental consultancy, the Revenue at dental practicesa across the country is down 12 percent in the last 12 according to data compiled by the Levin Group and trade magazinew Dental Economics. In many the biggest revenue drop is in cosmetic Revenue fromporcelain veneers, braces and tooth whitening dropperd 23 percent this year at , Practice Administratord Janet Hewitt Cully said. which costs $3,000 to $5,000, has seen the biggesr drop, she said. Some patientx are getting fewerporcelain veneers, said Dr.
Denise Markofvf of Federal Hill “Instead of getting a majofr Hollywood smile they might do fourfronf teeth,” she said. That would mean plunkingh down $4,000 instead of $10,000. “It’s not that they don’g have the money but they’re questioning whether it is the right time tospends it,” Dr. Myron Kellner said. Kellner runs the , a four-persob dental practice in Lutherville. Businese is down 10 percent this year. And cosmetic dentistry, which once comprisesd 70 percent ofhis business, now makexs up 40 percent.
Kellne has been offering a $199 deal on toothy whitening — that normally costs $400 — for the last two month s to bring people to the He isnot alone. One quartert of the 3,300 dentists surveyed by Clinical Research Associates in Utah said they are offering discounts or promotions to keepclientz coming. This includes everythingf from free exams to creditws for referringa patient. Smile Design Center is also boostingcustomere service. One of Kellner’s staff members carries a cell phone after houre so a patient does not get a One patient who called on a recenf Saturday got an appointment right Who knows, otherwise he may have gone to another dentist, Kellne r said.

N.Y Attorney General ends BofA probe - Atlanta Business Chronicle:

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Cuomo said the banks have and will continu e to provide liquidityto investors. Last October, agreed to buy back as much as $4.7 billiob in auction-rate securities it sold to about 5,500 investors, small businesses and smal l charities before the market collapsed inFebruar 2008. According to the Securities andExchange Commission, the settlementt also required BofA to “use its best efforts” to providew up to $5 billion in liquidity to businesses and institutiona investors with accounts valued at $15 million or and charities with accounts valued at $25 milliobn or more.
The agreement resolved allegations that securities dealersw made misrepresentations to customers during salesof auction-rate securities about their safety and liquidity. Auction-rate securitie have interest rates that are reset at weeklu or monthly auctions run byinvestmengt firms. The $330 billio market collapsed last year, when investoras became alarmed at the prospects of the abilityt of corporate borrowers covering debt service onthe securities. Many were left with securities they could not sell intothe market. N.C.-based BofA (NYSE: BAC) neither admitted nor denie d wrongdoing.
The SEC also has finalize d a settlement with BofA overthe

Salaries for Southern Tier teachers - The Business Review (Albany):

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for an explanation of these listings. • Alfred-Almond -- Start: $35,838u (46). Median: $45,705 (70). $67,718 (91). • Allegany-Limestone -- $34,767 (56). Median: $51,174 (23). Peak: $75,44o9 (61). • Andover -- Start: $36,896 (32). Median: $41,279 Peak: $67,490 (92). • Belfast -- Start: $34,59 (58). Median: $43,298 Peak: $65,165 (95). • Bemus Point -- Start: $38,204 (17). Median: $47,636 Peak: $75,501 (60). Bolivar-Richburg -- Start: $33,569 Median: $48,734 (43). Peak: $70,838i (82). • Brocton -- Start: $33,470 (84). Median: $50,38 3 (26). Peak: $75,799 (58). • Canaseraga -- Start: $33,250o (87). Median: $41,888 (95).
Peak: $64,199 • Cassadaga Valley -- Start: $36,824 (33). Median: $51,979 Peak: $81,899 (29). • Cattaraugus-Little Valleyu -- Start: $36,000 (42). Median: $43,91 (86). Peak: $72,715 (76). • Chautauqua Lake -- $34,939 (54). Median: $52,694 (17). Peak: $74,726 • Clymer -- Start: $33,631 (80). $49,593 (34). Peak: $70,284 (85). • Cuba-Rushford -- Start: $33,400o (85). Median: $52,000 (19). Peak: $76,08 1 (55). • Dunkirk -- Start: $37,248 (26). $46,615 (60). Peak: $76,420 (52). • Ellicottville -- $40,017 (9). Median: $50,050 (29). Peak: $77,000 (50). Falconer -- Start: $33,920 (69). Median: $43,174 (89). Peak: $72,120 (78).
• Fillmore -- Start: $34,12t (64). Median: $42,694 (91). $63,100 (97). • Forestville -- Start: $34,250 (63). Median: $44,77 (76). Peak: $74,594 (67). • Franklinville -- $36,000 (42). Median: $49,58p0 (35). Peak: $74,349 (69). • Fredonia -- Start: $41,680 (3). Median: $53,000 (16). Peak: $79,8890 (37). • Frewsburg -- Start: $33,273 Median: $44,321 (82). Peak: $69,463 (88). Friendship -- Start: $29,504 (97). Median: $47,464 Peak: $75,172 (62). • Genesee Valleuy -- Start: $33,800 (71). Median: $41,789 Peak: $67,199 (93).

What are you doing to weather the current economic storm? - Kansas City Business Journal:

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Our problem is we're seeing a huge increase in commodity prices as well aslabor costs, with minimumm wage going up, not that it really impacts us but it does but pressure on the other We're trying to cut back. We're doinhg things just a littlebit differently. We'rew bringing people in a half-hour later in the morning. That obviouslu puts a little more pressure on them to get things done But every little bit helpsright now. But there'd no real cut in service. Rod Anderson , president , the parenyt of The interesting thing for us isthat it'sz actually going to work in our favor.
It's actually going to increase our revenuebecause we'r getting more leads for our Basically, companies will contact us if they have interna l IT infrastructure resources to see if there woulr be cost savings to outsourcee it to us. We're not talking aboutg going to India. We're talking abouty being in Overland Park. Some of the larger-size clients are findinhg it very cost-effective to outsourcer IT and plus gain a lot ofthe economies-of-scale And some of the smaller-sized clientss are also gaining a lot of efficiencies and not havin to worry about IT, which allows them to focus on theid core business.
For us, we've been hirinvg more folks this year, and we're going to continuer hiring more folks. Jim Avazpour , CEO, Since Lockton'sd business is all about identifying businesd issues andcreating solutions, we have been lookinh for ways to help our clients weather the We do that by finding ways to lower totall cost of risk and by goinhg beyond simply delivering the percentage of premiumn reductions that are available in the currentg insurance market cycle.
We will continue to invesrt in resources like lossprevention specialists, claim professionals, mergersx and acquisitions diligence specialists, surety bonding executive protection experts, alternative risk financing analysts and others. All are part of the customizedc solution we bring tothe table. Slower economic growth can mean slowerd growthfor us, but we are confidenty in our ability to continue to grow our customet base in any economy.
Ron Lockton , president, Whilee HNTB is certainly not immune fromour nation's economic we have a number of significantf infrastructure projects under way and on the We have been strategic in our approachn to securing work by looking at healthuy geographic regions and workinb with clients to develop creative alternativews for financing projects, such as public-private partnerships, that createw vital dollars for the local economiex in which we work.
There is no doubt America'sa infrastructure is in serious The engineering and architecture industriee must continue to look at alternative funding methods to keep both new and plannec projects afloat as we all work to improveour nation'se safety, security and competitiveness. Scotf Smith , CEO, HNTB Corp. (We're) takin g a hit. We're a third-party logistics company, so we actually have a hard time with fuel the way it is of retaininfg our sameprofit We're basically just taking a hit. It shrinkws our margins. It's not 100 percent reduction, but it certainlty doesn't help. ...
Our customers are askingg that we find ways to becomemore Everybody's trying to do that. I have one customee that's kind of mandating it. With fuel continuint to increase and them continuing to increasewhat they'll rebate us, they're trying to go back and say, you've got to find a way to becomde more fuel-efficient. We can't continue on at this pace." We'rre trying to establish some different things internally and with our carriers to bemore ... You definitely have to changse when economicconditions change, or you're going to be turning that sign aroun d on the door and staying closed.
Melodu Warren , CEO,

Big 12 heads fiddle with revenue sharing - Jacksonville Daily Progress

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SB Nation Kansas City (blog)

Big 12 heads fiddle with revenue sharing Jacksonville Daily Progress JACKSONVILLE â€" The Big 12 board of directors ended the conference's spring meetings on Friday by adjusting its distirbution formula for college footb »

NTS buys Plainview Apartments - Triangle Business Journal:

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Financing for the purchase, which was made througnh an NTS affiliate, , was provideds by the , according to a news The purchase price wasnot disclosed. The previous owneer was PlainviewApartments LP, a Denver-baser investment partnership, according to online records from the Jeffersonn County Property Valuation Administratoe and the Kentucky Secretary of Its assessed value for tax purposes is $9.7 million, according to the PVA Web Occupancy at the time of the purchase was abougt 94 percent, the releasee said. NTS plans to enhanc e and renovate the property but no details were disclosefd inthe release.
The apartmentf complex was developed as part of the Plainviewplannedc community, which includes 800 single-family homes, more than 1,000 500 town homes, multiple shopping centers and nearlty 2 million square feet of offic space. NTS began construction and development of theplanned Louisville’s first, in the earl 1970s. With the acquisition, NTS Development Co. and its affiliateas now own four apartment communitiessin Louisville. Its other holdings in the area are HurstbourneGrans Apartments, The Overlook at St. Thomas and The Willowd of Plainview.
NTS also managesz 14 other apartment communities and 31 commercial properties with more than 5 millionm feetof office, retail and warehouse space in the Southeast.