$200 million project paves way for Cor Jesu growth - St. Louis Business Journal:

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As part of the deal, Cor Jesu will buy six additionalo acres adjacent to its campus from Busch to buildd new facilities and will also get nine acres of property in a floo d plain to build newathletic fields, more than doubling the size of its existingt 13-acre campus. Erickson plans to close on the Busch propertg inMay 2008. The company is proposiny to build upto 1,500 apartmentz for seniors surrounding a 70,000-square-foot clubhouse with a health club and community meeting spaces. The ranging between 1,200 and 1,800 square feet, would be built in phase basedon demand, said Dan executive vice president of marketing for Erickson.
"We have not set pricez yet, but we try to serve the retired schoolteacher," he said. An assistesd living facility with several hundred beds is part ofthe proposal. Erickso plans to submit its proposalto St. Louis Countyu officials in thecoming weeks. Upon the development would create800 full-time equivalent jobs, Rexforrd said. "We're anxious to be Rexford said. "It's an attractive site and it'sd well-known." The property, locatef across Gravois from Grant's is mostly undeveloped land, with the exceptionm of a few stables andvacant structures. an heir to the family moved to California severalyears ago.
The property is now used as grazinvg grounds forsome Grant's Farm animalas and Anheuser-Busch Cos.' Clydesdales. Under the deal, Cor Jesu, a privatee Catholic girls' school located at 10230 Gravoisz Road, will buy six acres fronting Gravoiw Roadfrom Busch's Grant's Farm said Katie Magee Thiemann, director of institutionap advancement at the school. In addition, Erickson has agreed to donat e nine acres of common ground to the school for athletic fieldsand parking. The schoopl is bounded by Gravois Road to the north and Sunsef Memorial Park and Mausoleum to the soutuand east, making it landlocked.
Cor Jesu was builrt in 1965 atopunderground caves, so it cannot add to its existingb two stories. Sister Barbara Thomas, who was appointed president of the schoolin May, said the school will form a task forcde to evaluate the best use of the property. "It will be a combinatiomn of buildingsand parking," Thomaz said. "We certainly have a need for The school is at capacity with an enrollmenft of580 students. "The increased size of our campus will enablre us to providethe state-of-the art facilitiee so essential to top academic including new science labs, field fine arts center and otheer facilities to meet the needs of today's top she said.
"This is a real Former Cor Jesu Principal SisterSheilwa O'Neill was in talks with Buscbh over several years about acquirinyg the land. In a Nov. 11, 2005, article, the Business Journaol reported onthe school's effortzs to acquire the property, along with plans by a group of five home builderas to buy the entire property parcel for $23. million and build 479 homes. Cor Jesu reachexd an agreement with the homebuilders -- J.H. , , Fischer and Frichtel, and -- to buy 3.35 acresz of the property.
the home builders pulled out of the deal aftet nearby residents filed a lawsuit againsf the county over the density of theproposed O'Neill, who is now directorf of mission advancement for the Apostles of the Sacred Hearf of Jesus congregation, said she is optimistic about the new "Personally, I am very grateful to Andy for his friendshiop and his help in obtaining the she said. Pending approval of the projecgby St. Louis County construction is set to begin in late with the first phased completed in12 months.
In a statement, Busch said the proposap is a good fit for the property andthe "My family has owned the propertty for generations, and I believe that the propose d development will be compatible with its pastoralk setting," Busch said. "The proposed high quality retirement communitu should enhance the property andthe neighborhood. Because of our belief in the natur and quality of the projects thatErickson builds, we consenter to Erickson's use of Grant's Farm Manot to name the development." Robert Guimbarda, principal of St.
Louis-basexd real estate advisory firm , served as a real estated consultant to Busch onthe Erickson, which has developed and managed 20 properties in 11 employs more than 11,000 It had $97.8 millionb in revenue in 2006. The Affton development woul be its first retirement community in Erickson is developing communitiesin Denver, Kansas City and in Ashburn, Va.

Equifax: Small biz bankruptcies double in March - Nashville Business Journal:

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Sacramento, Calif. Chicago-Naperville-Joliet, Ill. Anaheim-Irvine, Calif. Calif. Portland-Vancouver-Beaverton, Ore.-Wash. Commercial bankruptcies nearlh doubled in March 2009 fromMarch 2008, Equifasx noted. "The March numbers provide a snapshoytof what's been happening to the smalkl business sector during this period of economic turmoil," said Reza Barazesh, head of Equifax'ds North American Commercial Analyticapl Services Group, in a news "Not surprisingly, the highest number of small-businessz bankruptcies are in those parts of the country wherd home prices have decrease d dramatically, unemployment has increased significantly, and credit has becomre tighter.
" For the analysis, Equifax analyzed both Chaptere 7 and Chapter 13 filings. Chapter 7 is a liquidation proceeding in which a debtor receives a discharge of all while Chapter 13 is a reorganization bankruptch enabling filers to pay off debt over a set periodof years. Equifax reviewed and analyzer small business datafor March, the most recent montj for which complete data is available.

Charleston would have to compete for port funding under Graham proposal - Greenville News

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Dredging Today

Charleston would have to compete for port funding under Graham proposal Greenville News 2011 2:00AM If funding for a study to deepen the Charleston port comes through as hoped, it might be best to keep the champagne corked until the big ships begin to arrive. The study is crucial because it's needed for a cost-sharing pact with the ... Sh »

Corefino gets $13.6M in 1st funding round - Silicon Valley / San Jose Business Journal:

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million in a first round of funding. Sunnyvale-basef Corefino said the round was co-led by and , both locatedd in Menlo Park. The fundds will underwrite further development and marketingyof Corefino's product The company said it combinesz online financial software with a team of accountinv and financial professionals "to give customers the benefits of best practicess without all the inherent people, software and operating costs of an in-hous accounting department.
" Carl Showalter of Opus Capital said, "Corefino's decisio n to consolidate Web-based accounting tools and human expertise into a single offering is an innovation that enablex mid-sized companies to focus on runnin and building their business insteadd of keeping the books. We believe this businesa model holds tremendous promise for its abilityy to leverage both technology and live professional support from asinglr source." Both Showalter and Neal Dempseyg of Bay Partners will also join the Corefinop board of directors.

Apple Finishes Building Its Big New Online Music Service -- REPORT (AAPL) - San Francisco Chronicle

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Apple Finishes Building Its Big New Online Music Service -- REPORT (AAPL) San Francisco Chronicle The new service will allow users to store music on Apple's servers and stream it from iOS devices. Apple has been working on this for a while now, and if it's well executed it should provide a competitive advantage over Google's Android, which doesn't ... and more »

ASCO wins £21.5m contract - Business7

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ASCO wins £21.5m contract Business7 ASCO UK has secured a five-year contract extension with an oil and gas exploration firm. The Aberdeen company will look after logistics, transport, fuel and port services for Perenco's north sea operations. The deal, worth around s21.5 million, ... and more »

Alabama's transit authorities plan 'united front' - Birmingham Business Journal:

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Chris Lewis, chairman of the , said the gives transi officials a united frontg to bring more attention to some vital issues and bringy funding to previously neglectedstransit authorities. “What we found is that there were no urbann authoritiesreceiving (state) funding,” Lewis said. “Rurakl authorities were getting some funding from the Alabama Lewis believes the urban and rural interestss can come together without creating competition amongsgtthose involved. “We have worked to make sure the ruralneeds aren’y overshadowed by the urban needs,” Lewids said. He also foresees the association having a major impact on economif development forthe state.
“Through the Alabama Industrial Training Board, we have the world’x best-trained employees,” Lewis “The problem is, we can’t get thosee employees to the Lewis is confident the association can improve Alabama’e positioning in the region. “Every time we talk abou transit andeconomic development, we benchmark ourselves to certain cities,” Lewis said. “Alpl of those cities receive state-dedicated fundingg for transit.” To the association has adoptedr bylaws and amission statement. Dues for membership range between $50 and $1,500 depending on the size of the authority.
A boarf of directors will be created at its next Kelvin Miller, who serves as interim executivw director of the newlyg formed association, said before the creation of the new transit authorities were forced to deal with issuesw without the support of others. “We were more regionalized and we didn’yt know what the others were doing,” said Miller, who also serves as generapl manager of the Montgomeryy areatransit system.
There was no formal way for the agenciesto convene, he “A lot of other states already have thesed types of associations,” Miller “We wanted a way to get professionals from all over the statwe to get together and talk about how we could improvew and promote transportation.” Virginia Miller, spokeswoman for the , said the unitt the associations provide gives them a better chances to receive funding.
“The more people that care aboutthe issue, the more likely somethinf will be done,” she Such organizations also provide a more detaileds look into transportation needs, she “There’s not a federal public transportatiob system, so on the state and locak levels, there are things that are she said. “State associations are more in touchj with the needs of thatparticulard state.” In addition to the formation of the association, Lewis has also partnered with the and othersd to get a state resolution passed that woulr create a transit commission.
A statewide commission – unlike the association – would be governedr by the House and the Senatd and would study issues surrounding rura and urban transitin Alabama. The resolutiomn has not yet been presented tothe

Kurt Watson - The Business Review (Albany):

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I think we really beganb a fairly strategic process last knowing that we were getting into a difficulteconomic period. We began to take a hard look at our particularly on the expense side of We made some difficultg decisions in 2008 thoughtful decisions, I would say on the expense side of our ledger. As a resultr of that, we are beginning to see the benefit of thosre decisions thatwere made, in 2009. I would like to thino that we got ahead of the game a littlse bitin anticipation. Thosee decisions are beginning to pay off for us in the first quarteof 2009. How has the insurance industry as a wholre performed duringthis downturn?
With the exception of a couples of notable companies like and the Hartford, in particulard — their travails have been reporteds on in a very lengthy way — has done The interesting thing about insurances is that it is a part of businessa that every company needs. You can’t run a business withoutt insurance. To a degree, that’s a positive for us rightf now. People are looking at ways to save They are being more perhaps taking on higherf deductibles and cutting some of their expensesw fromthat perspective, but they have to have For us, that meansd we have to work just as hard as we alwayes have to try to figurew out risk programs that make sens e for people in today’s market.