yzirapogyg.wordpress.com
An auction was to have beguh at9 a.m. Friday, a week aftefr the bankrupt discount retailer was sold to an affiliateof Men’ss Wearhouse (NYSE:MW) in a biddinfg war that lasted several hours. Limite d and formal objections tothat $67 millionh deal have since been filed in Delawarwe bankruptcy court, prompting a judge to send the chainm back for auction again. Among those objecting to the sale isCrowm Acquisitions, the company that was first in line to buy Filene’es assets. The company in a filinfg this week claimedthe Men’s Wearhousse transaction didn’t follow bidding procedures and described the auction itselr as “a travesty.
” Crown claimed that Men’s Wearhousd originally said it had no interest in buyingg Filene’s assets through an outright sale, but as part of a Crown said Men’s Wearhouse later swooped in with a bid that was filedf after a court deadline. The new auctioj was to have begub at9 a.m. Friday. A hearing following the auction is scheduledfor 12:3 p.m., according to court documents. Filene’ss Basement sought protection from creditors in May in Delawarebankruptc court, months after closing several stores. Columbus-baserd Retail Ventures Inc. (NYSE: which maintains a majority stake in discount shoe retailerDSW Inc. sold the chain this year to FB IIAcquisitiom Corp.
, a new entity owned by liquidationb and turnaround firm Buxbaumj Group.
Wednesday, February 29, 2012
Monday, February 27, 2012
Inmark moves to Avondale from Pinson - The Business Journal of Milwaukee:
http://www.articletape.com/business/news_2011-06-17-00-30-03-689.html
Real estate firm said the plastic containers and packaginhg companyleased 23,625 square feet of office and warehouse space at the park in The company has been in its currenty location in Pinson Valley for more than 20 years. Jack Key of Grahakm represented Inmark and Brad Moffat of represente dthe landlord. Graham said broker Walter Browjn has the listing on morethan 410,000 square feet of sublease space at the Colonnade in AT&T’s vacant South Tower Radiology Associates renewed its 4,669-square-foot lease at Vestavia Centre. Browh represented the landlord inthe transaction.
renewefd its lease in Calera and Decomqa Modular Systems renewed its leasein Combined, the two companies occupy more than 270,00 0 square feet of space in Graham & Co. The renewals were handled by Graham brokerzs Sonny Culp andOgde Deaton.
Real estate firm said the plastic containers and packaginhg companyleased 23,625 square feet of office and warehouse space at the park in The company has been in its currenty location in Pinson Valley for more than 20 years. Jack Key of Grahakm represented Inmark and Brad Moffat of represente dthe landlord. Graham said broker Walter Browjn has the listing on morethan 410,000 square feet of sublease space at the Colonnade in AT&T’s vacant South Tower Radiology Associates renewed its 4,669-square-foot lease at Vestavia Centre. Browh represented the landlord inthe transaction.
renewefd its lease in Calera and Decomqa Modular Systems renewed its leasein Combined, the two companies occupy more than 270,00 0 square feet of space in Graham & Co. The renewals were handled by Graham brokerzs Sonny Culp andOgde Deaton.
Saturday, February 25, 2012
Vending machine maker moving to South Carolina - Houston Business Journal:
http://trilib.com/taxonomy/term/703
As a result, 300 Crane Merchandising employeew will get pink slips in the comingf weeks as theEarth City-based company movews manufacturing operations to a plant in South Crane Merchandising, which has St. Louise roots dating back to 1933, makes snack and beverage vendiny machines and coffee machines at the EartuhCity plant. The company notified Missouri officials in April that it would begib laying off employees June 1 as part of its plantconsolidatiob plan. Tom Edwards, director of marketinh for Crane Merchandising, said economic developmentr officials from Missouri and Soutuh Carolina knew the company was weighing consolidating its operationzs eitherin St. Louis or at its plant in S.C.
“They (South Carolina officials) made a very aggressiver offer,” Edwards said. “They made direct contact with the Missouri, in our estimation, did not act in the same manner.” “Wse offered them $890,000 in new jobs training program if they had remained in Missouroi and brought new jobs tothe state. We thoughyt we brought a very competitive saidJohn Fougere, a spokesmamn for the Economic Development. Crand Merchandising had previously been approves for morethan $34,000 in job training which the company had not spent, Fougere Softening the blow will be the fact St. Louisd will remain headquarters forCranee Merchandising.
Edwards will be part of a 75-109 person team of engineers, sales and marketinf and administration peopleremaining here. Edwards declined to discusss financial incentives South Carolina made availablre but said they were significantly more than whatMissourj offered. Fougere said Missouri hoped to offer Crane Merchandisingadditiomn incentives, such as the Missouri Quality Jobs program, but Cranre Merchandising could not qualify undetr strict requirements for that program. Quality Jobs requires companiese to pay a wage equal to the county about $47,000 a year for St.
Louisz County, and provide more than half the health-care coverag for its workers; Crane Merchandising’s average wage is about $24,000, Fougere The requested a summary ofSouth Carolina’s incentive package for Crane Kara Borie, a spokeswoman for the Soutj Carolina , said May 27 the state would provider the information within 15 days. The Soutnh Carolina Department of Commerce issuedx a statement March 11 announcinh Crane Merchandising will investabour $20 million over time in its Willistobn facility, which now has the potential to increasde employment by 1,000 jobs over the next five The same press statement quotexd economic development officials from South Carolinaq saying Crane Merchandising’s consolidation was eithee going to create hundreds of new jobs in Willistonb or lead to a plant affecting about 500 workers in the South Carolina’s Department of Commerce Web site touts a pro-businesa environment with no or low state performance-based inc entives that rebate a portion of new withholding taxes, and an enterprisre zone retraining credit program that allows companies to reimburse themselves up to 50 percent of approved retraining costs, up to $500 a person per year.
Cranee Merchandising has put itsnearly 450,000-square-foogt facility in Earth City up for sale. Jeff Orf, senior directof with Gateway Commercial, is the lead broker for the Cranew Merchandising facility at 12949 Enterprise Way inEartb City. The property is dividede into two parts. The distribution center and manufacturing operationcovers 443,000 squarwe feet and has an askinhg price of $12 million; an adjacent, 39,816-square-foog office building has an asking price of $2.4 Both sites are on a 25-acre tracr and should be ready for occupancy by Orf said. Crane Merchandising started in St. Louis as , a businessz launched in 1933. Crane Co. acquired National Vendorse in 1985.
Last year Crane Merchandising madeup $402 million of the publicl traded Crane’s $2.6 billion in
As a result, 300 Crane Merchandising employeew will get pink slips in the comingf weeks as theEarth City-based company movews manufacturing operations to a plant in South Crane Merchandising, which has St. Louise roots dating back to 1933, makes snack and beverage vendiny machines and coffee machines at the EartuhCity plant. The company notified Missouri officials in April that it would begib laying off employees June 1 as part of its plantconsolidatiob plan. Tom Edwards, director of marketinh for Crane Merchandising, said economic developmentr officials from Missouri and Soutuh Carolina knew the company was weighing consolidating its operationzs eitherin St. Louis or at its plant in S.C.
“They (South Carolina officials) made a very aggressiver offer,” Edwards said. “They made direct contact with the Missouri, in our estimation, did not act in the same manner.” “Wse offered them $890,000 in new jobs training program if they had remained in Missouroi and brought new jobs tothe state. We thoughyt we brought a very competitive saidJohn Fougere, a spokesmamn for the Economic Development. Crand Merchandising had previously been approves for morethan $34,000 in job training which the company had not spent, Fougere Softening the blow will be the fact St. Louisd will remain headquarters forCranee Merchandising.
Edwards will be part of a 75-109 person team of engineers, sales and marketinf and administration peopleremaining here. Edwards declined to discusss financial incentives South Carolina made availablre but said they were significantly more than whatMissourj offered. Fougere said Missouri hoped to offer Crane Merchandisingadditiomn incentives, such as the Missouri Quality Jobs program, but Cranre Merchandising could not qualify undetr strict requirements for that program. Quality Jobs requires companiese to pay a wage equal to the county about $47,000 a year for St.
Louisz County, and provide more than half the health-care coverag for its workers; Crane Merchandising’s average wage is about $24,000, Fougere The requested a summary ofSouth Carolina’s incentive package for Crane Kara Borie, a spokeswoman for the Soutj Carolina , said May 27 the state would provider the information within 15 days. The Soutnh Carolina Department of Commerce issuedx a statement March 11 announcinh Crane Merchandising will investabour $20 million over time in its Willistobn facility, which now has the potential to increasde employment by 1,000 jobs over the next five The same press statement quotexd economic development officials from South Carolinaq saying Crane Merchandising’s consolidation was eithee going to create hundreds of new jobs in Willistonb or lead to a plant affecting about 500 workers in the South Carolina’s Department of Commerce Web site touts a pro-businesa environment with no or low state performance-based inc entives that rebate a portion of new withholding taxes, and an enterprisre zone retraining credit program that allows companies to reimburse themselves up to 50 percent of approved retraining costs, up to $500 a person per year.
Cranee Merchandising has put itsnearly 450,000-square-foogt facility in Earth City up for sale. Jeff Orf, senior directof with Gateway Commercial, is the lead broker for the Cranew Merchandising facility at 12949 Enterprise Way inEartb City. The property is dividede into two parts. The distribution center and manufacturing operationcovers 443,000 squarwe feet and has an askinhg price of $12 million; an adjacent, 39,816-square-foog office building has an asking price of $2.4 Both sites are on a 25-acre tracr and should be ready for occupancy by Orf said. Crane Merchandising started in St. Louis as , a businessz launched in 1933. Crane Co. acquired National Vendorse in 1985.
Last year Crane Merchandising madeup $402 million of the publicl traded Crane’s $2.6 billion in
Thursday, February 23, 2012
Consumer Comfort in US at Almost the Highest in Four Years - BusinessWeek
milicinodijoo1981.blogspot.com
Bloomberg | Consumer Comfort in US at Almost the Highest in Four Years BusinessWeek The Dow Jones Industrial Average climbed above the 13000 level this week for the first time in almost four years. It has gained about 21 percent since a recent low on Oct. 3 last year. The Dow was up 0.4 percent to 12993.01 at 11:20 am The Standard ... Americans' Confidence Reaches Highest Level Since 2008 in Bloomberg Index |
Tuesday, February 21, 2012
Phoenix Mayor Phil Gordon proposes green college campus downtown, looks for stimulus aid - Phoenix Business Journal:
vadimsudigrenev.blogspot.com
The Phoenix mayor would like to see the sustainabilityg campus located near 7th Avenue and Van Buren Streef just west of thedowntown core. He said and woulde be the centerpieces of thenew campus. Downtownn Phoenix already is home to a growingg ASU campus and a biomedical centerr that features programs from ASU and the Universityof Arizona. Those existing higher educationm assets are locatedin downtown’s core and to it easterbn edges. The city of Phoenix has been lobbyinvg federalagencies — including the U.S. Departments of Energy and Housing and UrbanDevelopment — to help fund the greenn campus via the American Recovery Reinvestment Act of 2009.
The $787 billiojn federal stimulus offers education and researc grants for solar and alternative energyh and in othersustainability niches. Gordon will be in Washington next week talkin to Obama administration including Vice President Joseph Biden aboutgthe stimulus. That will include meetingzs withthe U.S. Department of Labort about the sustainability effort as well as work forcse development fundingvia ARRA. There is a Rio Saladi College adult education center off of 7th Avenue nearFilmorwe Street. Gordon said Rio Saladko owns some other land and there are vacanf parcels that could be used fora sustainability/green campus.
The campuse would be geared toward environmental andsustainablde architecture, engineering and workforce development. Gordon said more specific plansd and details of the west downtown campus are beinvg worked and could be unveiledthis fall. ASU has been uppinh its green and sustainable programs at its Tempe andother campuses. ASU President Michael Crow and the Greaterd Phoenix Economic Council also want to bolste rthe Valley’s solar energy production and make the regiob a center for alternative energy source. That includes Gordon wantingf the city to become the Silicon Valley for solar energy and reduc ethe Valley’s urban heat island by paintint rooftops white.
The Phoenix mayor would like to see the sustainabilityg campus located near 7th Avenue and Van Buren Streef just west of thedowntown core. He said and woulde be the centerpieces of thenew campus. Downtownn Phoenix already is home to a growingg ASU campus and a biomedical centerr that features programs from ASU and the Universityof Arizona. Those existing higher educationm assets are locatedin downtown’s core and to it easterbn edges. The city of Phoenix has been lobbyinvg federalagencies — including the U.S. Departments of Energy and Housing and UrbanDevelopment — to help fund the greenn campus via the American Recovery Reinvestment Act of 2009.
The $787 billiojn federal stimulus offers education and researc grants for solar and alternative energyh and in othersustainability niches. Gordon will be in Washington next week talkin to Obama administration including Vice President Joseph Biden aboutgthe stimulus. That will include meetingzs withthe U.S. Department of Labort about the sustainability effort as well as work forcse development fundingvia ARRA. There is a Rio Saladi College adult education center off of 7th Avenue nearFilmorwe Street. Gordon said Rio Saladko owns some other land and there are vacanf parcels that could be used fora sustainability/green campus.
The campuse would be geared toward environmental andsustainablde architecture, engineering and workforce development. Gordon said more specific plansd and details of the west downtown campus are beinvg worked and could be unveiledthis fall. ASU has been uppinh its green and sustainable programs at its Tempe andother campuses. ASU President Michael Crow and the Greaterd Phoenix Economic Council also want to bolste rthe Valley’s solar energy production and make the regiob a center for alternative energy source. That includes Gordon wantingf the city to become the Silicon Valley for solar energy and reduc ethe Valley’s urban heat island by paintint rooftops white.
Sunday, February 19, 2012
Murdock: Dead voters threaten fair elections - Wicked Local
ejyceh.wordpress.com
Murdock: Dead voters threaten fair elections Wicked Local Exacerbating this mess, Pew finds, America's “antiquated, paper-based system remains costly and inefficient.†Oregon and Wyoming spend about $4 to register and manage each active voter. Canada, in contrast, uses modern, private-sector name-matching ... |
Friday, February 17, 2012
First IMA University focuses on economy, downtown development - Wichita Business Journal:
ucenyt.wordpress.com
David Strohm says the United States likely will pull out of the recessionm later this year or inearlyy 2010. When that happens, he says, the gross domestif product might only grow 1to 1.5 percent, comparedx to the 4 or 5 percent from previous “For the time it looks like you want to be optimistic and cautiouw at the same time,” he says. Strohm was one of two featuredc speakersduring ’s 2009 economicx update. Jeff Fluhr, president of the also spoke aboutthe city’s efforts to revitalizwe downtown.
IMA has sponsored similae events in its otherr markets and wanted to bring the program to saysKurt Watson, IMA’s president and chief operations “It’s our intent to bring in speakersa that we think the Wichita communitg would benefit from,” Watson says. IMA plans to sponsore similar presentations throughoutthe year. Strohmm says the recession already has lasteed longer than the previous 10 economifc downturns and pulling out ofit hasn’t been The federal government has spent billions of dollarss to stimulate the economy, but consumers still are reluctangt to spend, Strohm says. The GDP has dropped dramatically and businessese are stillshedding jobs.
Strohm predicts the nationalo unemployment rate, which currentlyy sits at 8.9 to climb above 10 percent beforr the recessionis over. The housing marke has rebounded, but stilkl is a ways off nationally, where one in eighy mortgages arein default, Strohm says. California, Florida, Nevadqa and Arizona combine to account for 46 percent ofall U.S. However, pending home salees are up 6.7 percent for April, the thirx straight increase, which means peopls are showing more interest in buying homes because of favorable interest ratesand first-timew home buyer tax credits.
“If we can get the housinfg issue off the frontpage (of then the economy is goin to generate some forward momentum,” Strohnm says. He says the stoclk market has rebounded inrecent months, but it would take 227 percen t growth to get it back to its previous Despite all the negative, Strohm emphasized the economy has showed signx recently that the recession may be nearing an end. Fluhr’s presentation, meanwhile, had a slightlyu different feel. He says he sees great potentia l fordowntown development.
Investing in downtown, he will help increase jobs, tourism and revenu e opportunities in theWichita
David Strohm says the United States likely will pull out of the recessionm later this year or inearlyy 2010. When that happens, he says, the gross domestif product might only grow 1to 1.5 percent, comparedx to the 4 or 5 percent from previous “For the time it looks like you want to be optimistic and cautiouw at the same time,” he says. Strohm was one of two featuredc speakersduring ’s 2009 economicx update. Jeff Fluhr, president of the also spoke aboutthe city’s efforts to revitalizwe downtown.
IMA has sponsored similae events in its otherr markets and wanted to bring the program to saysKurt Watson, IMA’s president and chief operations “It’s our intent to bring in speakersa that we think the Wichita communitg would benefit from,” Watson says. IMA plans to sponsore similar presentations throughoutthe year. Strohmm says the recession already has lasteed longer than the previous 10 economifc downturns and pulling out ofit hasn’t been The federal government has spent billions of dollarss to stimulate the economy, but consumers still are reluctangt to spend, Strohm says. The GDP has dropped dramatically and businessese are stillshedding jobs.
Strohm predicts the nationalo unemployment rate, which currentlyy sits at 8.9 to climb above 10 percent beforr the recessionis over. The housing marke has rebounded, but stilkl is a ways off nationally, where one in eighy mortgages arein default, Strohm says. California, Florida, Nevadqa and Arizona combine to account for 46 percent ofall U.S. However, pending home salees are up 6.7 percent for April, the thirx straight increase, which means peopls are showing more interest in buying homes because of favorable interest ratesand first-timew home buyer tax credits.
“If we can get the housinfg issue off the frontpage (of then the economy is goin to generate some forward momentum,” Strohnm says. He says the stoclk market has rebounded inrecent months, but it would take 227 percen t growth to get it back to its previous Despite all the negative, Strohm emphasized the economy has showed signx recently that the recession may be nearing an end. Fluhr’s presentation, meanwhile, had a slightlyu different feel. He says he sees great potentia l fordowntown development.
Investing in downtown, he will help increase jobs, tourism and revenu e opportunities in theWichita
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