chauezhelolocu1622.blogspot.com
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.
Thursday, June 30, 2011
Monday, June 27, 2011
Report: Foreclosures are top sellers - Nashville Business Journal:
showarticle-cultura.blogspot.com
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.
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.
Saturday, June 25, 2011
Trump Tower Tampa buyer tells courts The Donald misled her - South Florida Business Journal:
adavuxuf.wordpress.com
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.
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.
Thursday, June 23, 2011
Airbus trounces Boeing with another record order - Boston Globe
belyaevostapuki.blogspot.com
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 » |
Monday, June 20, 2011
Dave Brown Executive Profile
shemwellmygalej1291.blogspot.com
**All Executive profile data provided byDow
**All Executive profile data provided byDow
Saturday, June 18, 2011
Former APG business park developer Opus East to liquidate under Ch. 7 - Puget Sound Business Journal (Seattle):
http://dumbartonhouse.org/restoration.htm
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.
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.
Thursday, June 16, 2011
Minnesota Supreme Court rules for Franken; Coleman concedes - New Mexico Business Weekly:
pohevovotybuc.blogspot.com
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.
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.
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