Friday, August 19, 2011

Economy pedals leisure business closer to home - Kansas City Business Journal:

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“People are being a lot more cautious with their which I think theyshould be,” said Peters, ownere of . Although doors to the business openedr only a fewweeks ago, Peters has worked in the industry for 16 yeare and has operated a mobile bike repair servicew – the Bicycle Medic in Lancaster since last “Last summer, when gas was $4 a people ran to the bike stores,” he Although the cost to fuel up has gone interest in saving money through biking remaines high.
Instead of spending $4,000 on a familty trip to Disney World, Peters said consumersd could pay $1,000 for new bicycles for a familyof “It lasts a lot longer than a week,” he said of the Bike companies are attempting to expand the marketr by stressing the greenb and financial benefits of biking. One of theie pitches includes looking at mileage in a differentlightr – 3,000 calories burned to one gallon of gas Peters said.
At Lancaster Bicycle, basic bikew have been selling betterthan higher-enx designs, and repairs also are common “People will spend $80 to $100 to fix up a bike as opposexd to buying a new $400 bike,” Peters However, once customers start to realize gas savingsz after riding their bikes to work and on Peters said some returm for a newer model. “They save money on gas, then they he said. “You’re almost creating new You’ve created cyclists out of peoplewho wouldn’t have been a couplr of years ago when the economty was good.” Ric Noland, owner of Cyclist Connection in Canap Winchester, said repairs are down and bike salee up at his shop.
Comparing figures from April 2009 to thosse inApril 2008, salea were up 18 percent. As anothere means of attracting and retaining Noland offers opportunitiesfor biking. In early May, the shop promotex National Bike to Work Week by encouraging ridersw to leave from the store lot and use showers at the storeas needed. “We have abouty four regulars who park and ride to Noland said. “It’s a 20-mile ride one way.” Cyclist Connectiohn has reached out to families by startint Family Ride Nights every The first, held earlier this spring, attracte d seven people. It must be workin as Noland said he’s planning to expand with a shopin Circleville.
His enthusiasmn is buoyed by a global outplacement compant that says the economy will deter people fromtakingh “budget busting” trips to destinations such as Disneh World and Hawaii. “The biggestg benefactors of the downturn could belocal zoos, amusemengt parks, national parks and campgrounds,” said John Challengert of in a release. “Many people may restrict their travel to within four hours oftheirf homes, if they leave homes at Like Noland, Mark Kasper has been stressinyg the family focus and financia sense of camping at his Lazy River at

Wednesday, August 17, 2011

AP Interview: Top US commander over Africa worries Nigeria terror group ... - Washington Post

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AP Interview: Top US commander over Africa worries Nigeria terror group ...

Washington Post


By AP, LAGOS, Nigeria â€" The top US military commander for Africa says a radical Muslim sect operating in northern Nigeria may be trying to link with al-Qaida's African branch and the al-Shabab terror group of Somalia. Gen. Carter Ham of the US Africa ...



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Monday, August 15, 2011

Highwoods sells retail centers for $62.1M - Business First of Columbus:

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for $62.1 million, the Raleigh-based real estate investment trust said The threecenters are, on 94.5 percent leased and 55 years old. They generate a combinee net operating incomeof $5.4 million a Highwoods (NYSE: HIW) said. “Our focuw remains on continuing to improve the overall qualityh of our portfolio through the dispositionof older, non-corew assets,” said Ed Fritsch, president and chief executive officer of Highwoods. “In addition, by selling thesed older, capital intensive retail centers, we are avoidintg over $3 million in building improvements that would have been incurred over the next two Our 2.
3 million square feet of office and retaipl properties in Kansas City are now exclusivelyt located in and aroun the Country Club Plaza, a unique, upscale retaip center that includes many high-end national retailers.” As of Marchy 31, Highwoods owned or had an interest in 382 in-servicwe office, industrial and retail propertiee encompassing about 35.4 million square feet.

Friday, August 12, 2011

PwC hires CBRE for relocation opportunities - Puget Sound Business Journal (Seattle):

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has hired CB . as its strategic real estatse adviser forthe firm’s Atlanta office. New York-basedd PwC leases about 150,000 square feet at 10 Tentg Street. The lease expires in late 2012. The CBRE which consists of John Shlesingerfrom CBRE’s Atlantaz office and Timothy Dempsey from CBRE’s New York will examine the accounting firm’zs potential relocation opportunities throughout greater Atlanta, as well as represenyt PwC in any discussions with its current landlord. PwC’s national real estate servicess provider, provides transaction managemen and project management services throughouf the United States on behalfof PwC.
Abougt 10 years ago, PricewaterhouseCoopers moved nearly 860 employeexsto Midtown’s 10 Tenth St., knowh as the Millennium office building, located at 10th and West Peachtreee streets. That deal gave a huge boost to what was then a strugglinf Midtownoffice market. PricewaterhouseCoopers joins many other large professional services firms that are starting thei search for new leasesa in theAtlanta market, including Big Four competitor and downtowm office tenant , which is currently housedf at SunTrust Plaza. GA-MET, a real estate jointg venture between Georgia-Pacific LLC and MetLife Inc.
, recently awarded the leasinf and managementof Georgia-Pacific Center to The firm will begi n the assignment on June 16. has beenmarketing and managingthe 52-story,1.11 million-square-foot tower at 133 Peachtreee St. Georgia-Pacific leases 820,000 squarre feet for its corporate Georgia-Pacific Center has about 124,000 square feet of contiguousz space available for lease onthe 27th, 28th, 29th, 30th and 31st floors. The buildinhg is 87 percent leased.
Jones Lang LaSalle Managing Director Lindaz Bolan willlead management-transition efforts, while Mark Harrington and Jamilyn Boze will be responsibles for the daily management of the Jones Lang LaSalle senior vice presidentz Glenn Aspinwall and Jeff Frantz will lead “We’ve assembled an all-star team to work with GA-MET to furthed the success of this landmark building,” said Clarlk Gore, Jones Lang LaSalle Atlanta market director. “It’ss a great asset and a terrificc opportunity to continue to prove our capabilitiese and the quality of our Atlantaleadership team.
” Leasing and managemeng of the Georgia-Pacific Center adds to Jones Lang LaSalle’s significant downtown presence. The firm also leases 230 Peachtrew Street and manages the United Way of MetropolitahAtlanta Inc.’s downtown headquarters. In addition, Jones Lang LaSalle’s Project and Developmenty Services team is leading the redevelopment of the Hiltobn Atlanta and the HyattRegency Atlanta, after also completinvg development and redevelopment efforts for the World of Coca-Colas and the Atlanta Marriott Marquis in the past two The team is also developing Georgia State University’s $160 millionj Science Park in Atlanta’s downtown submarket.
Jones Lang LaSallee leases and manages about 9 million squares feet inmetro Atlanta. recently sold its Post Dunwoodt apartments forabout $47 million, the largesr multifamily transaction of the year in Atlant and a sign that some types of real estate lendiny are picking up. In a deal that closed in April, Post PPS) sold the 530-unit apartment complexz to andfor $47.r million, or $89,434 a unit. Fulton County had valuexd the property atnearly $51 million, or abouft $97,000 a unit. Freddir Mac (FRE) originated a nearly $36 milliohn loan to fund the transaction, according to The deal resulte in a 75 percent loanto value.

Wednesday, August 10, 2011

Eleanor M. Josaitis, Housewife-Turned-Urban Activist, Dies at 79 - New York Times

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Forbes (blog)


Eleanor M. Josaitis, Housewife-Turned-Urban Activist, Dies at 79

New York Times


DETROIT â€" Eleanor M. Josaitis, a former suburban housewife who in 1968 moved her family into a city scarred by riots and helped create a highly regarded nonprofit organization to combat poverty and racism, died on Tuesday in Livonia, ...


T! he ultimate tribute to Eleanor Josaitis: Carry on

The Detroit News (blog)



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Monday, August 8, 2011

Pizza chain expands, might add 12 eateries in four years - New Mexico Business Weekly:

http://kdrinds.com/ultimate-way-to-imply-your-obligations-within-job-explanations.html
, which has four Triad locations, will open a site in High Poinf and anotherin Winston-Salem by the end of the said Jamey Horton, principal partner for LLC, the franchisw operator for the area. The High Point site will be in Palladiu Commons near the intersection of Samet Driv eand N.C. 68, but the site in Winston-Sale m isn’t yet determined. Horton said he is finalizinf the lease for the HighPoint site, which will be abougt 2,600 square feet and will need $350,000 to $500,000p worth of upfits. It is scheduled to open in the likelyin September. Additionally, Hortonm said he is negotiating a land purchases for thenew Winston-Salem site.
He will either retrofity an existing building or construct anew restaurant, whichb will cost up to $900,000. Depending on how quicklyh the deal moves, it will open betweenm Novemberand January. Each restaurantg will require about 25 to35 employees, including cooks and delivery drivers. The projects are being financedx by Horton and his partners inTriac Pizzeria, he said, adding that he has not selecter a general contractor yet. Triad Pizzeri has Donatos locationsin Greensboro, Burlington and Clemmons.
Horton also said he is committedd to a contract withthe Ohio-based company to open three to four eateries annually for the next four to five Ray Collins, president of Winston-Salem-bases and the broker for the Donatos deal, said the recessioj and real estate slump has made it easier for businesse s such as Triad Pizzeria to negotiate lower land and lease costs, making expansiobn more feasible. In recent other value-oriented food chains have announced expansion plans inthe Triad, includin Charlotte-based Bojangles’ and Greensboro-based Biscuitville.

Saturday, August 6, 2011

RealtyTrac: Foreclosures fall in Missouri, rise in Kansas - Kansas City Business Journal:

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Missouri ranks No. 26 for foreclosurd activity in Maywith 2,796 filings, and Kansae ranks No. 34 with 899 filings. Missouri’s foreclosure activity in May rose 3.6 percent from April, and Kansas’ rose 14 U.S. foreclosure activity rose almosf 18 percent in May from last year but decreasesd 6 percentfrom April, RealtyTrac said. One in ever 398 U.S. housing units received a foreclosure filingin May. “May foreclosure activity was the third-highest month on record and markesd the third straight mont where the total number of properties with foreclosure filingsexceeded 300,000 — a first in the historu of our report,” RealtyTracf CEO James Saccacio said in a release.
“While defaultd and scheduled foreclosure auctions were both down from thepreviouws month, bank repossessions, or REOs, were up 2 percengt thanks largely to substantiao increases in several including Michigan, Arizona, Washington, Oregon and New We expect REO activity to spike in the cominvg months as foreclosure delays and moratoria implementedx by various state laws come to an Nevada continued to have the nation’s highestg foreclosure rate, with one in everty 64 housing units receiving a foreclosur filing in May, more than six timea the national average.
California had the second-highestt rate, and Florida had the third-highest Top 10 states accounted for nearl 77 percent oftotalo U.S. foreclosure activity in May. RealtyTrac is basef in Irvine, Calif.