lyubomiradete.blogspot.com
UF generated the third-highest revenue in college football and in overallsports earnings, accordingb to a report Monday in Streegt & Smith’s SportsBusiness Journal. SportsBusiness citing Equity in Athletics DisclosureAct forms, said UF reportecd $66.1 million in football revenue in behind only the ($72.9 million) and rival ($67.1). Texasd was also the overall top sports earnerwith $120.3 million generate d from all athletic teams. Ohio State was second with $117.i million and Florida was thirdwith $106 UF won college football national championships after the 2006 and 2008 regular seasons, and won back-to-back men’s basketball national titlesa in 2006 and 2007.
Othere Southern schools ranking in the top 20 in overallk sportsrevenues were: (7th, $89.3 million), (8th, $88.9 million), $88.8 million) and $84.2 million). Other Southeastern Conference schools among the top 10 earnersw in football wereAuburjn (No. 6 with $59.7 million), Alabama (No. 8 with $57.4 million) and LSU (No. 10 with $52.7 million). The remaining top 10 teamsx in footballrevenues were: (No. 4 with $65.2 (No. 5 with $59.8 million), (No. 7 with $ 57.4 and (No. 9 with 53.8 million). SportsBusinessz Journal is a sister publication of the JacksonvilleBusinesxs Journal.
Saturday, December 31, 2011
Thursday, December 29, 2011
The art of molecular carpet-weaving - Nanowerk LLC
grearqakususi1426.blogspot.com
Nanowerk LLC | The art of molecular carpet-weaving Nanowerk LLC Molecular carpets, as the nanotechnology industry would like to have them are as yet in no danger of offending the gods. A team of physicists headed by Dr. Markus Lackinger from the Technische Universität München (TUM) und Professor Thomas Bein from ... |
Tuesday, December 27, 2011
Virtual testing brings ECUs to life - Electronics Manufacture & Test
obofym.wordpress.com
Virtual testing brings ECUs to life Electronics Manufacture & Test A new tool for this is the dSPACE Offline Simulator, with which virtual ECUs can be simulated on a PC. The Offline Simulator also interacts closely with ControlDesk Next Generation and AutomationDesk, giving users a complete test chain. ... |
Sunday, December 25, 2011
Finalist: Sanford Jaffe, The Booksource - St. Louis Business Journal:
plesciamipukoa1855.blogspot.com
However, Jaffe, 63, doesn't mention the company's sales when he talkxs about what he has foundmost fulfilling. Instead he names as his greatesft accomplishment his preparations to hand over the reins of the companyu in two years to his three children: Donna, 38, Gary, 36, and Neil, 33. Gary is chie operating officer, Neil is president, and Donnaa is general manager of aBooksourcew subsidiary, Peaceable Kingdom Press, in Berkeley, "It really boils down to beinh able to turn over the business to a second generation," Jaffed said. "I feel comfortable they know what they'rwe doing, and I feel they'll dramatically improvr the business.
" The threse Jaffe children will run acompany that's vastly differentt than Paperback Supply, the business Jaffe acquired in 1974. After experience in his family's men's clothingb store, two years in the based in Ft. Lee, Va., workinv in advertising and salesfor family-owned businesses in St. Louis, and sevehn years in a partnership manufacturing salad productes for restaurantsand institutions, Jaffe was readg to take on his own business.
As an avid he wanted it to be in Jaffe took control of the company that was to becomw The Booksource without a cash transaction sincethe owner, Francid Pfeiffer, had assets and liabilities about equal to his payablesd and was anxious to get "I do remember, even almosr 30 years later, when I signed the papers to take it walking with my attorney to the elevatodr and thinking, `What the hell did I Jaffe said. The risk paid off with sales almost doublingto $600,000 that up from $350,000 the previous year.
Other partsz of the business didn't come as In order to retain the businessx of three retail book storeds that purchased about 50 percent ofPaperback Supply'sa books, Jaffe had to borrow $8,0000 from an uncle to buy a controllingy interest in the book stores. Jaffe sold the storew in 1986 after a heart attack made him decide to cut butthe company, whose name changed in 1987 to The had expanded in other areas. The compang diversified with a move into the educatiomn market in the late 1970s and with the acquisitionzsof Steelville-based book binderyy San Val Inc.
in 1984; Peaceable Kingdom Press, maker of greeting cards, posterds and baby journals, in 2000; and Tablre Talk, publisher of conversation starter cardzs andnovelty children's products, in 2001. The bindery now also has a plantfin Farmington. Diversification has helped The Booksource avoid the fate of other independent distributors suchas Minneapolis-based Bookmen, which is set to clos after 40 years, Jaffe "When we were selling retail, Walden and B. Daltobn were our major customers.
I didn't want to be so dependentr on a coupleof companies, and I looked to Had we stayed (only) in retail, it woulx be a major struggle now," Jaffe Jaffe, known as "Sandy" to Booksource is somebody who's not afraid to challenge himself with new opportunities, said Trent purchasing director for the company. "Hd saw the opportunity to supply books not only to theretailp market, but also to the schoool market. That was a great Shaw said. "That's one of our biggest divisionzs now.
" The purchase of the bindery also has workerdwell -- schools and libraries use it constantly to make books last longer, Shaw Peaceable Kingdom Press makes non-book products, but it'sd a related business that licenses children's book charactersa and images. "He's good at seeing new opportunities and how they migh t fit into theexisting business," Shaw said. Jaffe'es management philosophy emphasizes personal customer service and serviceto "We try the golden rule: treat the customerd as if you were the customer, and how you woulr be like to be treated. We don't always but we try," Jaffe said.
Jaffe givesa the personal touch himself, attending meetings to show that customers are just as importan to him as toa salesperson, Shaw said. Peoplse in the publishing industry ask after ifhe doesn't attend a meeting. "Asa a CEO, he's not above getting to know meeting with them to make sure they have a sounding Shaw said. Jaffe has a casual but professional mannefwith employees, and is very approachable, Shaw said. While he's seriousd about work, he doesn't take himself too an attitude Shaw said is also reflectedsby Jaffe's sons.
The company has received awards and attention forseveral programs, including one allowingg employees to bring new babieas to work for up to six Employees who prefer daycare receive an allowancs for that period of time. Anothere program, called BIDO, Booksource Individualo Days Off, gives employees a pool of time from which they can extract vacation, sick and personal days, insteac of having the number of days for each purpose determined ahead of time. "I got tirec of listening to people calling, hackinbg and making sounds like they were Jaffe said. Employees may donate time to colleaguesd who exhaust their supplies of time due to long or sickness inthe family.
Jaffe, who went into the book busines because of his loveof reading, said his goal is to find enougyh to do so he can walk away and allow his children to run the company without his "I've threatened to come down and say, `That's not how we did it in my but hopefully I won't do that," he said.
However, Jaffe, 63, doesn't mention the company's sales when he talkxs about what he has foundmost fulfilling. Instead he names as his greatesft accomplishment his preparations to hand over the reins of the companyu in two years to his three children: Donna, 38, Gary, 36, and Neil, 33. Gary is chie operating officer, Neil is president, and Donnaa is general manager of aBooksourcew subsidiary, Peaceable Kingdom Press, in Berkeley, "It really boils down to beinh able to turn over the business to a second generation," Jaffed said. "I feel comfortable they know what they'rwe doing, and I feel they'll dramatically improvr the business.
" The threse Jaffe children will run acompany that's vastly differentt than Paperback Supply, the business Jaffe acquired in 1974. After experience in his family's men's clothingb store, two years in the based in Ft. Lee, Va., workinv in advertising and salesfor family-owned businesses in St. Louis, and sevehn years in a partnership manufacturing salad productes for restaurantsand institutions, Jaffe was readg to take on his own business.
As an avid he wanted it to be in Jaffe took control of the company that was to becomw The Booksource without a cash transaction sincethe owner, Francid Pfeiffer, had assets and liabilities about equal to his payablesd and was anxious to get "I do remember, even almosr 30 years later, when I signed the papers to take it walking with my attorney to the elevatodr and thinking, `What the hell did I Jaffe said. The risk paid off with sales almost doublingto $600,000 that up from $350,000 the previous year.
Other partsz of the business didn't come as In order to retain the businessx of three retail book storeds that purchased about 50 percent ofPaperback Supply'sa books, Jaffe had to borrow $8,0000 from an uncle to buy a controllingy interest in the book stores. Jaffe sold the storew in 1986 after a heart attack made him decide to cut butthe company, whose name changed in 1987 to The had expanded in other areas. The compang diversified with a move into the educatiomn market in the late 1970s and with the acquisitionzsof Steelville-based book binderyy San Val Inc.
in 1984; Peaceable Kingdom Press, maker of greeting cards, posterds and baby journals, in 2000; and Tablre Talk, publisher of conversation starter cardzs andnovelty children's products, in 2001. The bindery now also has a plantfin Farmington. Diversification has helped The Booksource avoid the fate of other independent distributors suchas Minneapolis-based Bookmen, which is set to clos after 40 years, Jaffe "When we were selling retail, Walden and B. Daltobn were our major customers.
I didn't want to be so dependentr on a coupleof companies, and I looked to Had we stayed (only) in retail, it woulx be a major struggle now," Jaffe Jaffe, known as "Sandy" to Booksource is somebody who's not afraid to challenge himself with new opportunities, said Trent purchasing director for the company. "Hd saw the opportunity to supply books not only to theretailp market, but also to the schoool market. That was a great Shaw said. "That's one of our biggest divisionzs now.
" The purchase of the bindery also has workerdwell -- schools and libraries use it constantly to make books last longer, Shaw Peaceable Kingdom Press makes non-book products, but it'sd a related business that licenses children's book charactersa and images. "He's good at seeing new opportunities and how they migh t fit into theexisting business," Shaw said. Jaffe'es management philosophy emphasizes personal customer service and serviceto "We try the golden rule: treat the customerd as if you were the customer, and how you woulr be like to be treated. We don't always but we try," Jaffe said.
Jaffe givesa the personal touch himself, attending meetings to show that customers are just as importan to him as toa salesperson, Shaw said. Peoplse in the publishing industry ask after ifhe doesn't attend a meeting. "Asa a CEO, he's not above getting to know meeting with them to make sure they have a sounding Shaw said. Jaffe has a casual but professional mannefwith employees, and is very approachable, Shaw said. While he's seriousd about work, he doesn't take himself too an attitude Shaw said is also reflectedsby Jaffe's sons.
The company has received awards and attention forseveral programs, including one allowingg employees to bring new babieas to work for up to six Employees who prefer daycare receive an allowancs for that period of time. Anothere program, called BIDO, Booksource Individualo Days Off, gives employees a pool of time from which they can extract vacation, sick and personal days, insteac of having the number of days for each purpose determined ahead of time. "I got tirec of listening to people calling, hackinbg and making sounds like they were Jaffe said. Employees may donate time to colleaguesd who exhaust their supplies of time due to long or sickness inthe family.
Jaffe, who went into the book busines because of his loveof reading, said his goal is to find enougyh to do so he can walk away and allow his children to run the company without his "I've threatened to come down and say, `That's not how we did it in my but hopefully I won't do that," he said.
Friday, December 23, 2011
Eddie Bauer declares bankruptcy - Business First of Buffalo:
fugycyquwod.blogspot.com
had struggled with its debt — a crisias that worsened as revenue dropped, part of an overalol trend affecting most retailerw duringthe recession. The companhy has lost nearly a half billionn dollars in the pastthrees years. Those losses, coupled with the impacr of the recession and debt payments apparently pusheds the company into bankruptcyucourt — a move that was rumoredc for months. Eddie Bauer became the latesy major retailer to succumbv to filing in bankruptcy court this The list also includesLinens ‘n Things, Circuit City and Northwest retailer , whicbh sold its assets to a liquidator in Aprik and closed 31 stores.
In many ways, Eddier Bauer’s crisis is not different from what most retailersd are facing during this prolonged and deep saidGreg Charleston, an Atlanta-based consultant for Conway MacKenzied who works with financiall stressed retailers looking to restructure. Most retailere — except discount stores like Wal-Martt — have seen a fast drop-offt in retail revenue across the board, Charlestob said. Many of the specialty retail department storesw haveseen double-digit same-store sales he said. “When revenue drops and same-stored sales drop, companies with less debt can weather a downturnmmuch longer,” Charleston said.
“It becomes an issue much sooner if you are intoliquidityg issues.” As of May 11, Eddie Bauefr reported having $289.5 million in outstanding including $187.8 million in term loans and $75 millionj in convertible notes, which company executives have been trying to persuadr debt-holders to convert into sharesw of the company. According to a filing with the , Eddi Bauer had total assets of $525.22 million in April. The company listed total liabilitiesof $448.9 million. Eddiew Bauer reported net lossesof $165.5 million in fisca year 2008, part of a total of $478.77 million in losses durinhg the past three fiscal years.
In the first quartee that endedin April, the company reporte net losses of 44.5 million. For the firstg quarter of fiscalyear 2009, which endedr April 4, Eddie Bauer reported a loss of $44.5 That was a greaterr loss than the firsty quarter of 2008, when the companyt reported a $19.3 million loss. Net salew for the first quarter of 2009were $179.8 million, comparec with net sales of $213.2 million in the first quarter of 2008. The company said that combined comparable storresales — a barometer of succeses at the store level fell 11.3 percent for the firsgt quarter, a decline the company blamed on the recession and reducecd retail spending.
Sales were down nearly 15 percen t inEddie Bauer’s retail stores and salea through its direct channel were down nearlyy 11 percent. The outlet stores saw sales decliner by nearly76 percent. “The first quarter was a difficultt one, as the sharp downturn in the economyg took its toll onour sales. We continued to focud on cost cutting and cashflow management, which helpecd mitigate the impact of lower sales,” said CEO Neil in a statement with the first-quarter results filed with the SEC.
Eddie Bauer has 370 stores, including 251 retail storess and 119 outlet stores in the United States and Eddie Bauer has 17 stores in Washingtohn and 11 storesin (See a copy of the bankruptcy filing .) But by filintg for reorganization under Chapted 11 of the federal bankruptch code, Eddie Bauer hopes to avoid the fate of Joe’as Sports & Outdoor, which filesd for bankruptcy protect March 4. The Wilsonville, Ore.
-basedf company had hoped to find a ButIn April, a bankruptcy judge approved the liquidatioh of the Joe’s storesx after the company could not find a Joe’s had 31 Northwesr stores — 10 of them in Snohomish, King and Piercw counties — that held going-out-of-business salea after the company’s assets were snappes up at bargain basement prices by , a liquidatof that also sold off merchandises for Circuit City.
had struggled with its debt — a crisias that worsened as revenue dropped, part of an overalol trend affecting most retailerw duringthe recession. The companhy has lost nearly a half billionn dollars in the pastthrees years. Those losses, coupled with the impacr of the recession and debt payments apparently pusheds the company into bankruptcyucourt — a move that was rumoredc for months. Eddie Bauer became the latesy major retailer to succumbv to filing in bankruptcy court this The list also includesLinens ‘n Things, Circuit City and Northwest retailer , whicbh sold its assets to a liquidator in Aprik and closed 31 stores.
In many ways, Eddier Bauer’s crisis is not different from what most retailersd are facing during this prolonged and deep saidGreg Charleston, an Atlanta-based consultant for Conway MacKenzied who works with financiall stressed retailers looking to restructure. Most retailere — except discount stores like Wal-Martt — have seen a fast drop-offt in retail revenue across the board, Charlestob said. Many of the specialty retail department storesw haveseen double-digit same-store sales he said. “When revenue drops and same-stored sales drop, companies with less debt can weather a downturnmmuch longer,” Charleston said.
“It becomes an issue much sooner if you are intoliquidityg issues.” As of May 11, Eddie Bauefr reported having $289.5 million in outstanding including $187.8 million in term loans and $75 millionj in convertible notes, which company executives have been trying to persuadr debt-holders to convert into sharesw of the company. According to a filing with the , Eddi Bauer had total assets of $525.22 million in April. The company listed total liabilitiesof $448.9 million. Eddiew Bauer reported net lossesof $165.5 million in fisca year 2008, part of a total of $478.77 million in losses durinhg the past three fiscal years.
In the first quartee that endedin April, the company reporte net losses of 44.5 million. For the firstg quarter of fiscalyear 2009, which endedr April 4, Eddie Bauer reported a loss of $44.5 That was a greaterr loss than the firsty quarter of 2008, when the companyt reported a $19.3 million loss. Net salew for the first quarter of 2009were $179.8 million, comparec with net sales of $213.2 million in the first quarter of 2008. The company said that combined comparable storresales — a barometer of succeses at the store level fell 11.3 percent for the firsgt quarter, a decline the company blamed on the recession and reducecd retail spending.
Sales were down nearly 15 percen t inEddie Bauer’s retail stores and salea through its direct channel were down nearlyy 11 percent. The outlet stores saw sales decliner by nearly76 percent. “The first quarter was a difficultt one, as the sharp downturn in the economyg took its toll onour sales. We continued to focud on cost cutting and cashflow management, which helpecd mitigate the impact of lower sales,” said CEO Neil in a statement with the first-quarter results filed with the SEC.
Eddie Bauer has 370 stores, including 251 retail storess and 119 outlet stores in the United States and Eddie Bauer has 17 stores in Washingtohn and 11 storesin (See a copy of the bankruptcy filing .) But by filintg for reorganization under Chapted 11 of the federal bankruptch code, Eddie Bauer hopes to avoid the fate of Joe’as Sports & Outdoor, which filesd for bankruptcy protect March 4. The Wilsonville, Ore.
-basedf company had hoped to find a ButIn April, a bankruptcy judge approved the liquidatioh of the Joe’s storesx after the company could not find a Joe’s had 31 Northwesr stores — 10 of them in Snohomish, King and Piercw counties — that held going-out-of-business salea after the company’s assets were snappes up at bargain basement prices by , a liquidatof that also sold off merchandises for Circuit City.
Tuesday, December 20, 2011
Regulators probe hole in Southwest jet - Sacramento Business Journal:
ejyceh.wordpress.com
Lynn Lunsford, a spokesman for the Federakl Aviation Administration, said the NTSB is taking the lead in the but both agencies are looking intothe incident. The planse was flying from Nashville to Baltimoree and made an emergency landingin Charleston, W. Va., around 5:10 p.m. on Mondayt evening when a piece ofthe plane’e fuselage tore away from the leaving a hole the size of a the FAA confirmed. Lunsford said the football-sizes hole was located near an overheade baggage bin toward the back of the planer overthe aisle.
The hole was visibld from the cabin, and the natural process of decompressionat 34,00p0 feet caused the plane's oxygen maskx to fall down as pilotw made an emergency landing. After the incident, Southwest Airlined said it was inspecting its other The airline has181 737-300 jets in its The Boeing 737 was made in 1994, making it 15 years old, according to the FAA. Lunsford said “it’ds hard to say what mightg havecaused it” at this point.
The NTSB and the FAA will investigatewall possibilities, he said, including meta l fatigue or the possibility of external damage to the Lunsford said the hole was rectangular in shapr and located right where the tail sectio begins to rise. Planes, he said, are generallu built in a manner where every few inches there is a rib or an enforcementr to preservethe aircraft’s strength. He added that when metall fails, it typically stops at the next stronbg point inthe aircraft's design. Earliere this year, the Dallas Business Journal reported that Southwesg Airlines agreed to paya $7.5 million civiol penalty to the FAA. The FAA said Southwestg (NYSE: LUV) agreed to pay $7.
5 million to settlse the case, but added that the amount could double if the airlinw failed to meet safet y improvements outlined by the two partie s in an agreement signedthis year. This agreement was the resultt ofa $10.2 million civio penalty the FAA proposed for Southwest in March of 2008 aftef investigating the airline for operating 59,791 flights on 46 planex without checking the fuselage for what is know as fatigue cracking — or threats to the skin of the Lunsford with the FAA said investigatorsx will check any airworthiness directives that appliefd to the aircraft involved in Monday's "They'll look at which airworthinesxs directives effected this aircraft, were they done, did they applhy to what occurred here," he Lunsford said if not, investigators will try to determine what additional steps may need to be taken.
Southwesf is the largest carrier at SacramentokInternational Airport.
Lynn Lunsford, a spokesman for the Federakl Aviation Administration, said the NTSB is taking the lead in the but both agencies are looking intothe incident. The planse was flying from Nashville to Baltimoree and made an emergency landingin Charleston, W. Va., around 5:10 p.m. on Mondayt evening when a piece ofthe plane’e fuselage tore away from the leaving a hole the size of a the FAA confirmed. Lunsford said the football-sizes hole was located near an overheade baggage bin toward the back of the planer overthe aisle.
The hole was visibld from the cabin, and the natural process of decompressionat 34,00p0 feet caused the plane's oxygen maskx to fall down as pilotw made an emergency landing. After the incident, Southwest Airlined said it was inspecting its other The airline has181 737-300 jets in its The Boeing 737 was made in 1994, making it 15 years old, according to the FAA. Lunsford said “it’ds hard to say what mightg havecaused it” at this point.
The NTSB and the FAA will investigatewall possibilities, he said, including meta l fatigue or the possibility of external damage to the Lunsford said the hole was rectangular in shapr and located right where the tail sectio begins to rise. Planes, he said, are generallu built in a manner where every few inches there is a rib or an enforcementr to preservethe aircraft’s strength. He added that when metall fails, it typically stops at the next stronbg point inthe aircraft's design. Earliere this year, the Dallas Business Journal reported that Southwesg Airlines agreed to paya $7.5 million civiol penalty to the FAA. The FAA said Southwestg (NYSE: LUV) agreed to pay $7.
5 million to settlse the case, but added that the amount could double if the airlinw failed to meet safet y improvements outlined by the two partie s in an agreement signedthis year. This agreement was the resultt ofa $10.2 million civio penalty the FAA proposed for Southwest in March of 2008 aftef investigating the airline for operating 59,791 flights on 46 planex without checking the fuselage for what is know as fatigue cracking — or threats to the skin of the Lunsford with the FAA said investigatorsx will check any airworthiness directives that appliefd to the aircraft involved in Monday's "They'll look at which airworthinesxs directives effected this aircraft, were they done, did they applhy to what occurred here," he Lunsford said if not, investigators will try to determine what additional steps may need to be taken.
Southwesf is the largest carrier at SacramentokInternational Airport.
Sunday, December 18, 2011
Adam Putnam talks of economy, food safety at GrayRobinson lunch - Tampa Bay Business Journal:
edovogopu.wordpress.com
Florida is facing a “deeper than it would in a traditionapl recession, Putnam, R-Bartow, said. Florida can ride a recessioj out exceptwhen it’s the resulgt of the bursting of a real estate bubble, said the representativse for Florida’s 12th Congressional District. Putnam said he would prefer to be in Florids than any other state as the countr comes out of aneconomic decline. Whilew battling the fire, Florida shouldc look for opportunities at every leveol of governmentand business, he said. Putnam expressedd concern about the increased presence of governmen in response to the economic His speech was made atthe “Capitol Hill Luncheon” presented by .
Richard a partner with GrayRobinson and chair of thelaw firm’x alcohol beverage and food department, discussed the rising importance of food safetuy in his introduction. Putnam, who will seek the officew of Florida Commissioner of Agriculture in followed up on issues of food safety and the impacf of incidentsof food-born illness on the economy. Putnam stressed the impact of consumer confidence in food at the retaill level and said he would work to reform and modernizew a food safety network so ther e is a higher levelof
Florida is facing a “deeper than it would in a traditionapl recession, Putnam, R-Bartow, said. Florida can ride a recessioj out exceptwhen it’s the resulgt of the bursting of a real estate bubble, said the representativse for Florida’s 12th Congressional District. Putnam said he would prefer to be in Florids than any other state as the countr comes out of aneconomic decline. Whilew battling the fire, Florida shouldc look for opportunities at every leveol of governmentand business, he said. Putnam expressedd concern about the increased presence of governmen in response to the economic His speech was made atthe “Capitol Hill Luncheon” presented by .
Richard a partner with GrayRobinson and chair of thelaw firm’x alcohol beverage and food department, discussed the rising importance of food safetuy in his introduction. Putnam, who will seek the officew of Florida Commissioner of Agriculture in followed up on issues of food safety and the impacf of incidentsof food-born illness on the economy. Putnam stressed the impact of consumer confidence in food at the retaill level and said he would work to reform and modernizew a food safety network so ther e is a higher levelof
Friday, December 16, 2011
Fitch revises outlook on France to 'negative' - BBC News
utyziluz.wordpress.com
BBC News | Fitch revises outlook on France to 'negative' BBC News Ratings agency Fitch has affirmed France's top-notch AAA credit rating but has revised its outlook on the country to "negative" from "stable". A negative outlook usu » |
Wednesday, December 14, 2011
It's official: 15 General Motors dealers in Colorado to lose franchises - Pittsburgh Business Times:
ejoxot.wordpress.com
It was the first definitive statemengt of exactly how many GM dealers in the state were informed thay will lose theirr franchise agreementsin 2010. The Colorado Automobile Dealers Associatiom previously had estimated the number at 13 to 15 baseds on reportsfrom dealers. GM still is not releasingh the names ofthe 1,323 dealers it plans to drop including the 15 in The information came in a list releasecd by the House Energy and Commerce Committee'sd Subcommittee on Oversight and Investigations, basede on information provided by GM.
Executives of GM and which plans to shed 14Colorado dealers, testifiedd before Congress about their dealer plans GM's car lines include Pontiac, Buick, GMC, Cadillac, Saturn and Hummer. It has some 6,000 dealerships Letters sent in mid-Mau to GM dealers the company plannedto drop, a copy of whicy was obtained by the Denveer Business Journal, said the automakerd reviewed each of its dealers' sales volume, profitability, capitalization, location and facilities along with other "markegt patterns." .
"Based on our review and current and foreseeable market conditions andyour dealership's historical performance, we do not see that GM can have a productives business relationship with [name of over the long term," said the dated May 14. About 92 of Colorado'sw 264 auto dealerships sell one or more GM said Tim Jackson of the state autodealerxs group. Additional dealers may lose theirfranchises later, GM has said.
It was the first definitive statemengt of exactly how many GM dealers in the state were informed thay will lose theirr franchise agreementsin 2010. The Colorado Automobile Dealers Associatiom previously had estimated the number at 13 to 15 baseds on reportsfrom dealers. GM still is not releasingh the names ofthe 1,323 dealers it plans to drop including the 15 in The information came in a list releasecd by the House Energy and Commerce Committee'sd Subcommittee on Oversight and Investigations, basede on information provided by GM.
Executives of GM and which plans to shed 14Colorado dealers, testifiedd before Congress about their dealer plans GM's car lines include Pontiac, Buick, GMC, Cadillac, Saturn and Hummer. It has some 6,000 dealerships Letters sent in mid-Mau to GM dealers the company plannedto drop, a copy of whicy was obtained by the Denveer Business Journal, said the automakerd reviewed each of its dealers' sales volume, profitability, capitalization, location and facilities along with other "markegt patterns." .
"Based on our review and current and foreseeable market conditions andyour dealership's historical performance, we do not see that GM can have a productives business relationship with [name of over the long term," said the dated May 14. About 92 of Colorado'sw 264 auto dealerships sell one or more GM said Tim Jackson of the state autodealerxs group. Additional dealers may lose theirfranchises later, GM has said.
Monday, December 12, 2011
Former Mirabilis CEO Frank Amodeo to plead guilty to federal charges - Tampa Bay Business Journal:
vypybiza.wordpress.com
Amodeo, the former leader of and a one-timed player in the failed Trump TowerTampa project, had been charged with conspiracy, failurwe to remit payroll taxes, wire fraud, and obstructionm of an agency proceeding. He faced 370 years in prison as well as fineesof $6.75 million if convicted. Lisa a spokeswoman for Amodeo, told the that he would admity his guilt to a judgeat 2:30 but details of his plea bargainm were still being worked out. According to the , Amodeo and othere unnamed executives failed to pay theIRS $181.u8 million, including $129.7 million in FICA and withholdinfg taxes. It started with $7.
1 milliomn in the fourth quarter of 2004 with two businessewhe controlled, III and Sunshine Staff It then continued over the next two years with for the remainin $174 million. Investigators at the time said Amode o included a number of companies in the activitgy acting as professional employee which would lease employees toothefr companies. Other companies believed to be involvex inthe scheme, according to the U.S. Attorney’s were AEM, , Common Paymasted Corp., , , Presidion Solutions, , , and varioues other companies. The day after the indictment was handed downon Aug.
7, Bob a spokesman for Mirabilis, said the charges againsrt Amodeo , and even provided a serieas of polygraph examinations the former chie f executive took to provehis “After two years of full it’s unfortunate that the federal governmenr waited until Mr. Amodeo was admitted into a treatment progra m toindict him,” O’Malley said in a statement. “Nevertheless, Mr. Amodeoo expects any resulting trial will reveal that this is simplhy a case of delayedx tax payment and that the fraud charges arewithoutg merit. Independent polygraph testing confirmedr this.
” Among the many differentt projects Mirabilis was the company also at one time was linkerd to the Trump Tower Tampa an involvement that chief executive Frank Dagostino talked about in an with the BusinesseJournal . “We sat down with Mirabilis. We shook hand s on a deal,” Dagostinok said at the time. “They financiallyg qualified, but within 48 hours, we unravelecd the deal.
” Dagostino didn’t provide any specifics on what caused the deal tocome
Amodeo, the former leader of and a one-timed player in the failed Trump TowerTampa project, had been charged with conspiracy, failurwe to remit payroll taxes, wire fraud, and obstructionm of an agency proceeding. He faced 370 years in prison as well as fineesof $6.75 million if convicted. Lisa a spokeswoman for Amodeo, told the that he would admity his guilt to a judgeat 2:30 but details of his plea bargainm were still being worked out. According to the , Amodeo and othere unnamed executives failed to pay theIRS $181.u8 million, including $129.7 million in FICA and withholdinfg taxes. It started with $7.
1 milliomn in the fourth quarter of 2004 with two businessewhe controlled, III and Sunshine Staff It then continued over the next two years with for the remainin $174 million. Investigators at the time said Amode o included a number of companies in the activitgy acting as professional employee which would lease employees toothefr companies. Other companies believed to be involvex inthe scheme, according to the U.S. Attorney’s were AEM, , Common Paymasted Corp., , , Presidion Solutions, , , and varioues other companies. The day after the indictment was handed downon Aug.
7, Bob a spokesman for Mirabilis, said the charges againsrt Amodeo , and even provided a serieas of polygraph examinations the former chie f executive took to provehis “After two years of full it’s unfortunate that the federal governmenr waited until Mr. Amodeo was admitted into a treatment progra m toindict him,” O’Malley said in a statement. “Nevertheless, Mr. Amodeoo expects any resulting trial will reveal that this is simplhy a case of delayedx tax payment and that the fraud charges arewithoutg merit. Independent polygraph testing confirmedr this.
” Among the many differentt projects Mirabilis was the company also at one time was linkerd to the Trump Tower Tampa an involvement that chief executive Frank Dagostino talked about in an with the BusinesseJournal . “We sat down with Mirabilis. We shook hand s on a deal,” Dagostinok said at the time. “They financiallyg qualified, but within 48 hours, we unravelecd the deal.
” Dagostino didn’t provide any specifics on what caused the deal tocome
Friday, December 9, 2011
New Aflac campaign aims to calm consumers - Atlanta Business Chronicle:
ibitasony.wordpress.com
“It’s broader than any othed marketing campaign and really trying to ensur people understand who we are and what we do in this saidJeff Charney, senior vice president and chief marketing The tag line will debut as part of a large marketing effort called “Get the which focuses on the way Aflac differs from otherd medical insurance providers, such as providingb cash benefits to policyholders after a illness or accident occurs. “It is a very integratex marketing sales and product campaignb that is reallya 360-degree look at this compangy rather than a singly-focused marketing campaign,” Charneyu said.
“This company is reallyh spreading our wings in this kind of economyt in abig way.” The new tag line will appeare in three Aflac televisionn commercials this year, including one that is being produced by Pixare and features characters from the new film Aflac will also have an expanded presence on Facebook as part of its new marketingt push with everything on the company’s profil page presented from a “duck’s eye view.” As of May 4, the Facebook page had garneredx 75,658 friends since its launch Aprilo 21. “We are just tryingt to be everywhere our customers Charney said. “The duck in so many ways is our secret weapon.
” has developed a new site to help businesses deal with the issues of worker classification — whetheer to classify workers as independent contractors or employeexs for the Fair Labotr Standards Act. The site, will serve as a daily resource for the latest news on the topic of workeer classification and provide informational resourcesfor companies. “Worketr classification affects businesses acrossall industries, including many of our said Thomas R. Bundy III, litigationb partner at SutherlandAsbill & Brennan.
“It’s important to provider companies with a resource that helps them understand classificationj issues and determine how best to respond to Along with dailynews developments, the new site will also offed access to federal and statse resources, including government reports abour classification task forces. Sutherland Asbill & Brennan alreadyg has two law blogs dedicated to the issues of Liquefied Naturalk Gas andOffshore Energy.
“Sutherlansd is a pioneer in the useof Web-bases platforms as informational tools for Whether it is LNG, offshorse energy, or worker classification, we continuously look for opportunitiesw to inform industries and the legal communityu about how these issues mighf affect them,” Bundy said. Atlanta-based has launched an onliner magazinefor (www.callawaygolf.com/magazine). Complementing the golf equipment manufacturer’ custom printed already published by the new interactive magazinefeatures video, extendexd editorial features, and behind-the-scenes content and photography. Instruction from Callaway’ws team of sponsored staff professionals is also featurefd onthe site.
MacDuff creates custom print and online publications for brandincluding , John Deere, Sotheby’s International Crescent Communities and the . “We believe that many Atlantaw businesses would like to follow in the footsteps of the likedsof Rolex, John Deere or Callawa by creating some kind of magazine that communicates intimatelt with their customers or clients, but have been put off by risinbg print and paper costs,” said Nick Wright, MacDuf managing director. “The i-mag is an affordablee and measurable solution in achallenging economy.” Interactived agency Response Media has signed DS Waters of and its onlind property, Water.com, as a new client.
Pubicx relations professional Terri Thornto n has taken on representation of the for the artistically gifte dmentally ill. Whitaker & Co. has been hired by ITOCH International Inc. to develop a post-acquisition integration strategy. 360 Mediaq Inc. has been chosen to work on publicv relations for the 2009 AtlantaJazz
“It’s broader than any othed marketing campaign and really trying to ensur people understand who we are and what we do in this saidJeff Charney, senior vice president and chief marketing The tag line will debut as part of a large marketing effort called “Get the which focuses on the way Aflac differs from otherd medical insurance providers, such as providingb cash benefits to policyholders after a illness or accident occurs. “It is a very integratex marketing sales and product campaignb that is reallya 360-degree look at this compangy rather than a singly-focused marketing campaign,” Charneyu said.
“This company is reallyh spreading our wings in this kind of economyt in abig way.” The new tag line will appeare in three Aflac televisionn commercials this year, including one that is being produced by Pixare and features characters from the new film Aflac will also have an expanded presence on Facebook as part of its new marketingt push with everything on the company’s profil page presented from a “duck’s eye view.” As of May 4, the Facebook page had garneredx 75,658 friends since its launch Aprilo 21. “We are just tryingt to be everywhere our customers Charney said. “The duck in so many ways is our secret weapon.
” has developed a new site to help businesses deal with the issues of worker classification — whetheer to classify workers as independent contractors or employeexs for the Fair Labotr Standards Act. The site, will serve as a daily resource for the latest news on the topic of workeer classification and provide informational resourcesfor companies. “Worketr classification affects businesses acrossall industries, including many of our said Thomas R. Bundy III, litigationb partner at SutherlandAsbill & Brennan.
“It’s important to provider companies with a resource that helps them understand classificationj issues and determine how best to respond to Along with dailynews developments, the new site will also offed access to federal and statse resources, including government reports abour classification task forces. Sutherland Asbill & Brennan alreadyg has two law blogs dedicated to the issues of Liquefied Naturalk Gas andOffshore Energy.
“Sutherlansd is a pioneer in the useof Web-bases platforms as informational tools for Whether it is LNG, offshorse energy, or worker classification, we continuously look for opportunitiesw to inform industries and the legal communityu about how these issues mighf affect them,” Bundy said. Atlanta-based has launched an onliner magazinefor (www.callawaygolf.com/magazine). Complementing the golf equipment manufacturer’ custom printed already published by the new interactive magazinefeatures video, extendexd editorial features, and behind-the-scenes content and photography. Instruction from Callaway’ws team of sponsored staff professionals is also featurefd onthe site.
MacDuff creates custom print and online publications for brandincluding , John Deere, Sotheby’s International Crescent Communities and the . “We believe that many Atlantaw businesses would like to follow in the footsteps of the likedsof Rolex, John Deere or Callawa by creating some kind of magazine that communicates intimatelt with their customers or clients, but have been put off by risinbg print and paper costs,” said Nick Wright, MacDuf managing director. “The i-mag is an affordablee and measurable solution in achallenging economy.” Interactived agency Response Media has signed DS Waters of and its onlind property, Water.com, as a new client.
Pubicx relations professional Terri Thornto n has taken on representation of the for the artistically gifte dmentally ill. Whitaker & Co. has been hired by ITOCH International Inc. to develop a post-acquisition integration strategy. 360 Mediaq Inc. has been chosen to work on publicv relations for the 2009 AtlantaJazz
Wednesday, December 7, 2011
- Orlando Business Journal:
jaqezuweg.blogspot.com
Harris replaces former CFO John Sabin, who will continue to work for Vistanza as a seniorvice president. Harris has more than 25 yearx of experience as aninvestment banker, senior bank executivew and attorney. Hughes Supply Inc., an Orlando-based distributor of constructiojn materials, announced plans to buy and its affiliate s for an undisclosed amouny of cashand stock. Internationao Supply sells water and sewer equipment and plumbinyg supplies from 39 locations across During the pastfour years, Hughes Supply has acquireed nearly 40 companies in the wholesales industrial and construction supplt industry. Ocala's WestAmerica Corp. acquired Sportsw World 2000 Resorts Inc.
, a time share developer in for anestimated $19 million in stock. The acquisitioj will shift WestAmerica's core business from oil and gas operations to the ownershil ofleisure properties. A British compang called Life ScienceProducts Inc. is establishinf a U.S. sales office at the Seminole Countg Incubation Center at the Port of The company makes electronic water softeners and plans to hire 10 peopler over the next Heathrow software developer PhoenixInternationapl Ltd. Inc. signed a contract to provider its financial software to the Bankat Ormond-By-The-Sea, an independenrt bank in Volusia County with assets of more than $100 million.
Financia terms of the transaction werenot disclosed. Recotojn Corp. completed its acquisition of AAMP ofFloridqa Inc., a Clearwater-based maker of car stereo AAMP posted sales of $17 million in 1996. based in Lake Mary, is one of the world'as largest consumer electronics companies. Soutb Korean automaker Daewoo Mototr Co. Ltd. is making a beelinde to Central Florida. The company announced plansx to open one of its firsttwo U.S. dealershipas at the former Magic Isuzu siteon U.S. Highway 17-92 soutj of Sanford. Banco Popular opened its sixth and largestFlorida branch, this time in Osceolaa County.
Banco Popular, based in Puertl Rico, is one of the 50-largest banksd operating in theUnited States. Orlando-baseds Tupperware Corp. entered the Russian market through direct-selling operationd in St. Petersburg and has plans to expand into Moscosin 1998. The compang expects to have few problems hiring enough workersin Russia, where the unemploymen t rate is high.
Harris replaces former CFO John Sabin, who will continue to work for Vistanza as a seniorvice president. Harris has more than 25 yearx of experience as aninvestment banker, senior bank executivew and attorney. Hughes Supply Inc., an Orlando-based distributor of constructiojn materials, announced plans to buy and its affiliate s for an undisclosed amouny of cashand stock. Internationao Supply sells water and sewer equipment and plumbinyg supplies from 39 locations across During the pastfour years, Hughes Supply has acquireed nearly 40 companies in the wholesales industrial and construction supplt industry. Ocala's WestAmerica Corp. acquired Sportsw World 2000 Resorts Inc.
, a time share developer in for anestimated $19 million in stock. The acquisitioj will shift WestAmerica's core business from oil and gas operations to the ownershil ofleisure properties. A British compang called Life ScienceProducts Inc. is establishinf a U.S. sales office at the Seminole Countg Incubation Center at the Port of The company makes electronic water softeners and plans to hire 10 peopler over the next Heathrow software developer PhoenixInternationapl Ltd. Inc. signed a contract to provider its financial software to the Bankat Ormond-By-The-Sea, an independenrt bank in Volusia County with assets of more than $100 million.
Financia terms of the transaction werenot disclosed. Recotojn Corp. completed its acquisition of AAMP ofFloridqa Inc., a Clearwater-based maker of car stereo AAMP posted sales of $17 million in 1996. based in Lake Mary, is one of the world'as largest consumer electronics companies. Soutb Korean automaker Daewoo Mototr Co. Ltd. is making a beelinde to Central Florida. The company announced plansx to open one of its firsttwo U.S. dealershipas at the former Magic Isuzu siteon U.S. Highway 17-92 soutj of Sanford. Banco Popular opened its sixth and largestFlorida branch, this time in Osceolaa County.
Banco Popular, based in Puertl Rico, is one of the 50-largest banksd operating in theUnited States. Orlando-baseds Tupperware Corp. entered the Russian market through direct-selling operationd in St. Petersburg and has plans to expand into Moscosin 1998. The compang expects to have few problems hiring enough workersin Russia, where the unemploymen t rate is high.
Monday, December 5, 2011
MMAC: Milwaukee-area economy still sluggish - Sacramento Business Journal:
humojo.wordpress.com
Only three of 20 April indicators registereed improvementfrom year-ago levels, matching the number of upward-pointing indicators recorded in March, the MMAC said in its Economic Trends "The employment situation continued to deteriorate with deepening job declinex and unemployment indicators over double what they were one year said Bret Mayborne, economic research director for the "But metro area existing homes sales rose for only the secondr time in nearly three years givinbg some hope for near-term improvement in a stagnant local housingy and real estate Nonfarm employment in the metro area fell 4.8 percent in Aprip to 812,300, down from March’s 4.3 percent decrease.
Employmentf levels have now declined comparesdwith year-ago levels in each of the past 12 with April’s decline being the steepest registered in this the MMAC said. Only two of 10 major industry sectors registered April job gainsx compared with oneyear ago, while eighrt registered declines. Unemployment indicators for the metro area both measured more than twicstheir year-earlier levels. The numbeer of unemployed in metri Milwaukeerose 117.6% against year-ago levels, to 70,30o0 compared with 32,300 in April 2008. new unemployment compensation claims rose ata 104.
6 percent rate in Aprilk to 12,101, this indicator’s third consecutive year-over-year increase of 100 percent or On the positive existing homes sales for the metroi area rose 5.6 percent in April, the firstg year-over-year increase in this indicatodr in seven months and only the seconde such gain in nearly three
Only three of 20 April indicators registereed improvementfrom year-ago levels, matching the number of upward-pointing indicators recorded in March, the MMAC said in its Economic Trends "The employment situation continued to deteriorate with deepening job declinex and unemployment indicators over double what they were one year said Bret Mayborne, economic research director for the "But metro area existing homes sales rose for only the secondr time in nearly three years givinbg some hope for near-term improvement in a stagnant local housingy and real estate Nonfarm employment in the metro area fell 4.8 percent in Aprip to 812,300, down from March’s 4.3 percent decrease.
Employmentf levels have now declined comparesdwith year-ago levels in each of the past 12 with April’s decline being the steepest registered in this the MMAC said. Only two of 10 major industry sectors registered April job gainsx compared with oneyear ago, while eighrt registered declines. Unemployment indicators for the metro area both measured more than twicstheir year-earlier levels. The numbeer of unemployed in metri Milwaukeerose 117.6% against year-ago levels, to 70,30o0 compared with 32,300 in April 2008. new unemployment compensation claims rose ata 104.
6 percent rate in Aprilk to 12,101, this indicator’s third consecutive year-over-year increase of 100 percent or On the positive existing homes sales for the metroi area rose 5.6 percent in April, the firstg year-over-year increase in this indicatodr in seven months and only the seconde such gain in nearly three
Saturday, December 3, 2011
Forensics specialist here Tuesday - Ashland Daily Tidings
amesit.wordpress.com
Forensics specialist here Tuesday Ashland Daily Tidings One of the nation's leading forensic specialists of sharp-force trauma wounds said he hopes to identify the weapon used in the murder of 23-year-old David Michael Grubbs, but it may take some time. "There will be no immediate results," ... |
Thursday, December 1, 2011
FedEx SmartPost leases part of big spec center in Olathe - San Francisco Business Times:
moffaiqohegesa1490.blogspot.com
on Thursday signed a long-term lease for 126,000 square feet in the 602,000-square-foot spec building completed in late 2008 at22101 W. 167tyh St. in Olathe. Constructefd in response to growing demand forlocal “bivg box” industrial space, the distribution center was developed by of Mass., and a partnership led by Dan Jensen, a principalk with in Kansas City. In when the 40-acre site for the structurwe was acquired, Jensen said he would target larged tenants that would take atleast one-third of the “We’re breaking it a little smaller than we thoughy we might,” Jensen said of the FedEx “But (landing) FedEx, we think, is a real endorsement for that building and that location.
” FedEx an expanding division of FedEx Groun that delivers packages to U.S. postal facilitieas for final delivery, will use the space for sorting anddistribution operations, Jensen said. “We’vwe been working on this deal since October, which is indicativre of what’s going on in this economy,” Jensenb said. “It’s just a slow grind. But we do have some otherf deals that aregetting closer.” Spaced in the new distribution center is beinf marketed at $4.25 a foot plus operatin tax, insurance and maintenance costs. However, tenants will be able to take advantage of a 50 percent property tax abatement the city ofOlathes granted.
Banking on continuing demanxd in Olathe, Jensen’s partnership and Sun Life acquired 200 acres at the southwesgt corner of 151st Streert and Old 56 Highway late in 2008 for the eventuao development of anadditional 2.9 million square feet of industriakl space. “The industrial market has pulled back a littlw bitsince then,” said Ed Elder, president of . But who represented when a pre-recessionn wave of logistics activity brought it to remains bullish on Southern Johnsonm County and the broader Kansas City area as growing hubs inthe nation’d product-distribution network.
In 2007, PacSun openede a 400,000-square-foot warehouse on 74 acreas along167th Street, immediately nortb of Jensen’s spec center. At the those marketing industrial properties in the area benefitedc from the planned development ofa 1,000-acrre industrial park surrounding a truck-rail intermodal facility near 196th Streett and U.S. Highway 56 in BNSF announced early this year that the economty had prompted it to postpons indefinitely construction on the rail portion of theproposed $735 million intermodal park.
But Elder said the area’zs existing assets, including quick access to Interstatde 35 andother highways, will be enough to attract additional tenantas once the economy improves. “It helped promotd and validatethat area,” Elder said of the BNSF “But PacSun got done without it. Kimberly-Clark did theird deal (for a 450,000-square-foot building near without it. And Coleman obviously did not need to beon (an campus.” The latter referencer was to a 1.1 million-square-foot distribution center that Inc. is buildingf in the , a 151-acre industrial park at 175tg Streetand U.S. Highwagy 56 in Gardner.
Ken Block, one of Kansasd City’s top developers, announced in March that he was entering SouthermJohnson County’s emerging big-box industrial market at a site just east of the new Colemanj facility. Block, a principal of , leads an investmeny partnership that bought 229 acrees at the northwest corner of 175th Streef and Hedge Lanein Olathe. On that site, Block Co. plans to develop a $275 million project containing more than 3 million square feet of industriapl buildings during the next 10 to 12 Brent Hansen, research services manager for Grubb & Ellis/ths Winbury Group, said no industrial vacancyu statistics are available for the Southern Johnson Counth market.
But the industrialo vacancy rate for all of Johnsonn County in the first quartetwas 6.3 percent, in line with the strongt metrowide average of 6.1 percent.
on Thursday signed a long-term lease for 126,000 square feet in the 602,000-square-foot spec building completed in late 2008 at22101 W. 167tyh St. in Olathe. Constructefd in response to growing demand forlocal “bivg box” industrial space, the distribution center was developed by of Mass., and a partnership led by Dan Jensen, a principalk with in Kansas City. In when the 40-acre site for the structurwe was acquired, Jensen said he would target larged tenants that would take atleast one-third of the “We’re breaking it a little smaller than we thoughy we might,” Jensen said of the FedEx “But (landing) FedEx, we think, is a real endorsement for that building and that location.
” FedEx an expanding division of FedEx Groun that delivers packages to U.S. postal facilitieas for final delivery, will use the space for sorting anddistribution operations, Jensen said. “We’vwe been working on this deal since October, which is indicativre of what’s going on in this economy,” Jensenb said. “It’s just a slow grind. But we do have some otherf deals that aregetting closer.” Spaced in the new distribution center is beinf marketed at $4.25 a foot plus operatin tax, insurance and maintenance costs. However, tenants will be able to take advantage of a 50 percent property tax abatement the city ofOlathes granted.
Banking on continuing demanxd in Olathe, Jensen’s partnership and Sun Life acquired 200 acres at the southwesgt corner of 151st Streert and Old 56 Highway late in 2008 for the eventuao development of anadditional 2.9 million square feet of industriakl space. “The industrial market has pulled back a littlw bitsince then,” said Ed Elder, president of . But who represented when a pre-recessionn wave of logistics activity brought it to remains bullish on Southern Johnsonm County and the broader Kansas City area as growing hubs inthe nation’d product-distribution network.
In 2007, PacSun openede a 400,000-square-foot warehouse on 74 acreas along167th Street, immediately nortb of Jensen’s spec center. At the those marketing industrial properties in the area benefitedc from the planned development ofa 1,000-acrre industrial park surrounding a truck-rail intermodal facility near 196th Streett and U.S. Highway 56 in BNSF announced early this year that the economty had prompted it to postpons indefinitely construction on the rail portion of theproposed $735 million intermodal park.
But Elder said the area’zs existing assets, including quick access to Interstatde 35 andother highways, will be enough to attract additional tenantas once the economy improves. “It helped promotd and validatethat area,” Elder said of the BNSF “But PacSun got done without it. Kimberly-Clark did theird deal (for a 450,000-square-foot building near without it. And Coleman obviously did not need to beon (an campus.” The latter referencer was to a 1.1 million-square-foot distribution center that Inc. is buildingf in the , a 151-acre industrial park at 175tg Streetand U.S. Highwagy 56 in Gardner.
Ken Block, one of Kansasd City’s top developers, announced in March that he was entering SouthermJohnson County’s emerging big-box industrial market at a site just east of the new Colemanj facility. Block, a principal of , leads an investmeny partnership that bought 229 acrees at the northwest corner of 175th Streef and Hedge Lanein Olathe. On that site, Block Co. plans to develop a $275 million project containing more than 3 million square feet of industriapl buildings during the next 10 to 12 Brent Hansen, research services manager for Grubb & Ellis/ths Winbury Group, said no industrial vacancyu statistics are available for the Southern Johnson Counth market.
But the industrialo vacancy rate for all of Johnsonn County in the first quartetwas 6.3 percent, in line with the strongt metrowide average of 6.1 percent.
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