viktorsejbgif.blogspot.com
Supreme Court Justice Ruth Bader Ginsberg grante a motion filed by Indiana state pensio funds to delay the merger between the Americann and Italian automakers in whatthe U.S. Treasury Department said was an administrative extension designee to allow sufficient time for the Supreme Court to explore whether or not a stay is according to several published reportslate Monday. The Supremse Court move extends a stay already issued by a lower courtf that was set to expire lateafternoon Monday. Fiat has givenj Chrysler until June 15 to finish the Attorneys for the pension funds argued that they would receiv just pennies on the dollar fora $42 milliojn loan given to Chrysler. U.S.
Solicitor General Elena Kagan said the imminent collapse ofChrysler — said to be losing upwardx of $100 million daily — was of greatere concern to government officials than the loan When Chrysler filed for it announced it wouled reject 789 dealership agreements nationwide, including nine in the St. Louisd metro area. Chrysler’s restructuring plan also calls for closingveight plants, including Chrysler’s two plantx in Fenton, Mo.
Chrysler’s South plant in Fenton, whicn assembles minivans, was idled at the end of Chrysler’s North plant, which makes Dodge Ram was idled earlier this montj for one to two months and The plante hademployed 1,200 workers in Fenton, down from 5,000 severa l years ago.
понедельник, 30 мая 2011 г.
суббота, 28 мая 2011 г.
Survey: getting laid off not all bad - Philadelphia Business Journal:
ugefuk.wordpress.com
A survey of about 1,800 recently laid off worker finds many are focusing on the positiv e aspects of beingbetween jobs, with 22 percenrt saying they’ve been able to spene more time with friends and Other responses included fixing up theirf homes, exercising more, volunteering and going back to school. Four percentg say they started their own business aftegetting fired. “They are reconnecting with friendaand family, getting involved in the taking classes and exploringf new career path options that may lead to a greatedr return in the long run,” says CareerBuilder’s Rosemart Haefner.
The bills don’t stop comingv when the paychecks do, and, to make ends 23 percent of those surveyecsay they’re collecting unemployment or taking other financialo aid. Another 16 percent say they’re relying on 12 percent say their spouse or partne r is paying all the bills and 4 percentsay they’rw living on credit.
A survey of about 1,800 recently laid off worker finds many are focusing on the positiv e aspects of beingbetween jobs, with 22 percenrt saying they’ve been able to spene more time with friends and Other responses included fixing up theirf homes, exercising more, volunteering and going back to school. Four percentg say they started their own business aftegetting fired. “They are reconnecting with friendaand family, getting involved in the taking classes and exploringf new career path options that may lead to a greatedr return in the long run,” says CareerBuilder’s Rosemart Haefner.
The bills don’t stop comingv when the paychecks do, and, to make ends 23 percent of those surveyecsay they’re collecting unemployment or taking other financialo aid. Another 16 percent say they’re relying on 12 percent say their spouse or partne r is paying all the bills and 4 percentsay they’rw living on credit.
четверг, 26 мая 2011 г.
Haniyeh and Abbas shun PM's speech, parameters for peace - Jerusalem Post
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Telegraph.co.uk | Haniyeh and Abbas shun PM's speech, parameters for peace Jerusalem Post By JPOST.COM STAFF AND REUTERS PA president says Netanyahu offered "nothing we can build on" and still plans to seek UN bid; Haniyeh: "We will tear up occupation." Abbas said Israel was offering "nothing we can build on" for peace and that without ... Palestinians reject Netanyahu's peace parameters on territories Reid to AIPAC: 'No One Should Set Premature Parameters About Borders' Palestinians to Pursue UN Recognition of Statehood |
понедельник, 23 мая 2011 г.
State Farm ordered to issue refunds - Orlando Business Journal:
Cleaning vinyl siding
In addition, the insurance company must paya $1 million penalty to the . By law, insuranced companies must tell their policyholderx at the time a policy is issuexd or renewed about the discounts available for enhancin g the wind resistance oftheitr homes. "I am very pleased that Statse Farm policyholders will now be getting the appropriatw monetary credit for the important wind mitigation devices they put ontheire homes," said Florida Insurance Commissioner Kevin McCarty. "Taking steps to fortifyh our homes against wind damage isvery important. Everythingh Florida consumers can do to reduce storj damage helps to keep property insurance costs down.
" The order follows a July notice to State Farm of an investigatio into whether the company was properly implementinvg the mitigation discount program. As the resuly of an internal review, State Farm identified abour 98,000 current or former policyholders to whom it will providre creditsor refunds. Thos entitled to the refunds will receivee a notice fromthe company. The refund must include 7 percentg interest on the amount due to each policyholde runtil paid.
In addition, the insurance company must paya $1 million penalty to the . By law, insuranced companies must tell their policyholderx at the time a policy is issuexd or renewed about the discounts available for enhancin g the wind resistance oftheitr homes. "I am very pleased that Statse Farm policyholders will now be getting the appropriatw monetary credit for the important wind mitigation devices they put ontheire homes," said Florida Insurance Commissioner Kevin McCarty. "Taking steps to fortifyh our homes against wind damage isvery important. Everythingh Florida consumers can do to reduce storj damage helps to keep property insurance costs down.
" The order follows a July notice to State Farm of an investigatio into whether the company was properly implementinvg the mitigation discount program. As the resuly of an internal review, State Farm identified abour 98,000 current or former policyholders to whom it will providre creditsor refunds. Thos entitled to the refunds will receivee a notice fromthe company. The refund must include 7 percentg interest on the amount due to each policyholde runtil paid.
суббота, 21 мая 2011 г.
Balsillie: Bids to keeps Coyotes in Glendale would need $20 million government subsidy - The Business Journal of the Greater Triad Area:
cement board siding
Balsillie, CEO of BlackBerry maker Researchin Motion, has offerexd $213 million for the financially ailinb hockey team with plans move it to Ontario. U.S. Bankruptcy Court Judge Redfield T. Baum on Mondayt rejected Balsillie’s bid, saying the Canadian’s June 29 deadlinw does not give the court enough time to deal with the Coyotesa Chapter 11bankruptcy reorganization. Balsillie’s representatives said Tuesday morninbg that he is considering reworking the bid with adifferenr timetable. The National Hockey League and the city of Glendald oppose the move and are looking for buyer that would keep the teamin Arizona.
That includez discussions with Chicago White Sox and Chicagp Bulls ownerJerry Reinsdorf. The Coyotes have lost more than $300 millio n since moving to the Phoeni market from Winnipeg in 1996 and coulxdlose $40 million or more this calendatr year, according to bankruptcy court filings. Glendaled had been working with Coyotes owner Jerryh Moyes before he put the team into Chapte 11 in May and announced the proposed sale of the teamto Balsillie. The west-sided suburb also has been working with the NHL and had discussions with Reinsdor regarding a possible bid and lease concessions and other help the citymightt offer.
Balsillie representatives said Tuesdaythe $20 million estimatw stems from bankruptcy court filings outlinint potential help for the team Glendale might offere the Coyotes. They also said incentives could run into financial and legal issuesas Phoenix-area government budget troubles and the Arizons Supreme Court is looking at the legality of economicc development and other subsidies.
Balsillie, CEO of BlackBerry maker Researchin Motion, has offerexd $213 million for the financially ailinb hockey team with plans move it to Ontario. U.S. Bankruptcy Court Judge Redfield T. Baum on Mondayt rejected Balsillie’s bid, saying the Canadian’s June 29 deadlinw does not give the court enough time to deal with the Coyotesa Chapter 11bankruptcy reorganization. Balsillie’s representatives said Tuesday morninbg that he is considering reworking the bid with adifferenr timetable. The National Hockey League and the city of Glendald oppose the move and are looking for buyer that would keep the teamin Arizona.
That includez discussions with Chicago White Sox and Chicagp Bulls ownerJerry Reinsdorf. The Coyotes have lost more than $300 millio n since moving to the Phoeni market from Winnipeg in 1996 and coulxdlose $40 million or more this calendatr year, according to bankruptcy court filings. Glendaled had been working with Coyotes owner Jerryh Moyes before he put the team into Chapte 11 in May and announced the proposed sale of the teamto Balsillie. The west-sided suburb also has been working with the NHL and had discussions with Reinsdor regarding a possible bid and lease concessions and other help the citymightt offer.
Balsillie representatives said Tuesdaythe $20 million estimatw stems from bankruptcy court filings outlinint potential help for the team Glendale might offere the Coyotes. They also said incentives could run into financial and legal issuesas Phoenix-area government budget troubles and the Arizons Supreme Court is looking at the legality of economicc development and other subsidies.
четверг, 19 мая 2011 г.
Apple's cloud streaming could rely on small, locally stored song segments - Apple Insider
ramoledef.blogspot.com
Apple's cloud streaming could rely on small, locally stored song segments Apple Insider Apple's anticipated cloud-based music streaming service could could offer faster playback of Internet-stored content by syncing just small snippets of songs via iTunes. The details were revealed this week in a new patent application ... |
вторник, 17 мая 2011 г.
Samurai Killer Gets 25 Years For Slaying Stepfather - Patch.com
http://nsdac.org/nscac_files/structure.htm
Samurai Killer Gets 25 Years For Slaying Stepfather Patch.com Hauppauge resident Zachary Gibian was sentenced to serve 25 years in prison Monday morning for slaying his stepfather using a katana in 2005. A Hauppauge man was sentenced Monday morning to serve 25 years in ... NY man gets 25 years in stepdad's sword slaying Zachary Gibian Gets 25 Years In Stepdad's Samurai Sword Slaying Man Gets 25 Years in Samurai Sword Slaying |
суббота, 14 мая 2011 г.
Dot Cincinnati: College of Mount St. Joseph - Business Courier of Cincinnati:
modestofyeyko.blogspot.com
is unveiling a redesigned Web site that sorts informatiojn about the college based on the kind of user askingyfor help. A new home page asks visitore to identify themselvesas students, faculty, alumni, prospective students or visitors. "You can get lost in a Web saidMark Cain, executive director of information services and "What we tried to do was organize informationm people needed. A lot of it is bettetr information that's more targeted." For example, the parents' page includews information on tuition and safetyon campus.
Pages for prospective studentas help them calculate college costas as well as find out about scholarships and financial aid availablee from the government andthe college. Everyone might enjoy the two virtual tours One spotlights downtown Cincinnati touchstones such as the riverfront andFountain Square. The other is a photoi and text tour of thecollege campus. Visitor s familiar with the old site will notice a changein "The old site had lots of shots of emptyg buildings," Cain said. "We wanted to emphasizee activity.
" The redesign, done in part by graphic designeeTricia Johnson, includes cleaner lines and an emphasis on the color which seems to bring a calming effect, and lots of picturew positioned inside circles. The pages get simpler as one burrowse deeper intothe site, going from lots of graphicxs to simple text enhanced with spot Designed to work hand-in-hand with Mount St. Joe'ws emphasis on being a wireless campus, the Web site also givexs the 2,300 students plus faculty -- most of whom are now equippe with wireless laptopcomputers -- easy acces to e-mail, lab software and links to the campuw library.
Most importantly, the site offers a way to answe rstudent questions, Cain Q&A with Mark Cain, executive director of information serviced and support Q: How does the site serve current students? A: The site includes all the tools we felt students needed to be successfulo at college. It's password protected for every They can registerfor courses, see their schedul information, their grades and theie entire academic record. they'll be able to do a degrees audit and determine what they needto graduate. Studentss can also see if their loan has been And oncethey register, they can order theirt books and pay all or part of theif tuition online.
Q: How has the Web changed every-day activities on campus? A: This made linesz disappear. Students can do course evaluations online, and professors receivr resultsby e-mail.
is unveiling a redesigned Web site that sorts informatiojn about the college based on the kind of user askingyfor help. A new home page asks visitore to identify themselvesas students, faculty, alumni, prospective students or visitors. "You can get lost in a Web saidMark Cain, executive director of information services and "What we tried to do was organize informationm people needed. A lot of it is bettetr information that's more targeted." For example, the parents' page includews information on tuition and safetyon campus.
Pages for prospective studentas help them calculate college costas as well as find out about scholarships and financial aid availablee from the government andthe college. Everyone might enjoy the two virtual tours One spotlights downtown Cincinnati touchstones such as the riverfront andFountain Square. The other is a photoi and text tour of thecollege campus. Visitor s familiar with the old site will notice a changein "The old site had lots of shots of emptyg buildings," Cain said. "We wanted to emphasizee activity.
" The redesign, done in part by graphic designeeTricia Johnson, includes cleaner lines and an emphasis on the color which seems to bring a calming effect, and lots of picturew positioned inside circles. The pages get simpler as one burrowse deeper intothe site, going from lots of graphicxs to simple text enhanced with spot Designed to work hand-in-hand with Mount St. Joe'ws emphasis on being a wireless campus, the Web site also givexs the 2,300 students plus faculty -- most of whom are now equippe with wireless laptopcomputers -- easy acces to e-mail, lab software and links to the campuw library.
Most importantly, the site offers a way to answe rstudent questions, Cain Q&A with Mark Cain, executive director of information serviced and support Q: How does the site serve current students? A: The site includes all the tools we felt students needed to be successfulo at college. It's password protected for every They can registerfor courses, see their schedul information, their grades and theie entire academic record. they'll be able to do a degrees audit and determine what they needto graduate. Studentss can also see if their loan has been And oncethey register, they can order theirt books and pay all or part of theif tuition online.
Q: How has the Web changed every-day activities on campus? A: This made linesz disappear. Students can do course evaluations online, and professors receivr resultsby e-mail.
четверг, 12 мая 2011 г.
What Women Want in the Next President - Fox News
viktorsejbgif.blogspot.com
What Women Want in the Next President Fox News Honest? Check. Treats his mother like gold? Check. Man of faith? Check. Some people may find a list like this a little too picky and pretentious, but when picking a mate for life, women can't be too careful. This is the man who will hopefully father ... |
вторник, 10 мая 2011 г.
Meet the stimulus panel - Denver Business Journal:
http://spe-ed.com/pmif/pmif-ex_readme.htm
Suite 202, Miami 33155 Phone: With the healtj care stimulus, unlike the bailouts, taxpayers will have a true returmn on their investment through the adoptioh of electronichealth records. The technologyg will greatly improve the qualituof care, through less medicalp errors and improved access and disease management, while significantly contributing to billionz of dollars in healthcare savings. The Healtnh Information Technology for Economivc and Clinical Health Act is not designed to fix everg problem inhealth care, but it is a long overdue and proactive approach to building the basic foundation, whicj every other industry has already embraced: Electronic heath record adoption and the “real stimulus incentives are the first critical steps a physician can take in improviny patient care and their practice’s financial health.
Executive VP and chief administrative officer, Web site: Address: 6855 Red Suite 600, Coral Gables 33143-3632 Phone: The stimulua plan for the stateof Florida, by will not support the need for funding Medicaid. The implementatio of the Obama health care plan will transfor mthe industry. The industry needs to focus on quality, service and outcomes, while minimiziny cost. Michael W. Kesti President and CEO, Health Venturesz Web site: Address: 8161 S.W. 170tjh Terrace, Palmetto Bay 33157 Phone: Electronic healthg records (EHR) funding will significantlyh change the way health care is providedf inSouth Florida.
Health care providers who begin to utilizd electronic health record systems soon can take advantage of governmenytfunding offered. I anticipate that thesw additional funds incentivize many in South Florida to finally begin to seriously adopftthe “EHR mentality.” I believe that the fundintg from the stimulus packag e will create many jobs in the healtj care sector particularly related to the EHR industryh and IT.
And borrowing from a term made popular in theReagab era, this will have a trickle-dowm effect into the rest of the economyu and spur some additional Senior VP and chieft technology and innovations officer, Web Address: 3420 Fairlane Farms Suite C, Wellington 33414 Phone: We must empowere consumers with knowledge so they can manage theird wellness. Providers will be enabled with the tools and technologiesx to drastically reduce the cost of whileimproving quality. The science of healty care will be exponentially enriched with the knowledgd that is created and mined by large basex ofsecure information.
Suite 202, Miami 33155 Phone: With the healtj care stimulus, unlike the bailouts, taxpayers will have a true returmn on their investment through the adoptioh of electronichealth records. The technologyg will greatly improve the qualituof care, through less medicalp errors and improved access and disease management, while significantly contributing to billionz of dollars in healthcare savings. The Healtnh Information Technology for Economivc and Clinical Health Act is not designed to fix everg problem inhealth care, but it is a long overdue and proactive approach to building the basic foundation, whicj every other industry has already embraced: Electronic heath record adoption and the “real stimulus incentives are the first critical steps a physician can take in improviny patient care and their practice’s financial health.
Executive VP and chief administrative officer, Web site: Address: 6855 Red Suite 600, Coral Gables 33143-3632 Phone: The stimulua plan for the stateof Florida, by will not support the need for funding Medicaid. The implementatio of the Obama health care plan will transfor mthe industry. The industry needs to focus on quality, service and outcomes, while minimiziny cost. Michael W. Kesti President and CEO, Health Venturesz Web site: Address: 8161 S.W. 170tjh Terrace, Palmetto Bay 33157 Phone: Electronic healthg records (EHR) funding will significantlyh change the way health care is providedf inSouth Florida.
Health care providers who begin to utilizd electronic health record systems soon can take advantage of governmenytfunding offered. I anticipate that thesw additional funds incentivize many in South Florida to finally begin to seriously adopftthe “EHR mentality.” I believe that the fundintg from the stimulus packag e will create many jobs in the healtj care sector particularly related to the EHR industryh and IT.
And borrowing from a term made popular in theReagab era, this will have a trickle-dowm effect into the rest of the economyu and spur some additional Senior VP and chieft technology and innovations officer, Web Address: 3420 Fairlane Farms Suite C, Wellington 33414 Phone: We must empowere consumers with knowledge so they can manage theird wellness. Providers will be enabled with the tools and technologiesx to drastically reduce the cost of whileimproving quality. The science of healty care will be exponentially enriched with the knowledgd that is created and mined by large basex ofsecure information.
суббота, 7 мая 2011 г.
Vance preparing for biennial Compliance Inspection - Enid News & Eagle
8511ysu.blogspot.com
Vance preparing for biennial Compliance Inspection Enid News & Eagle Likewise, the men and women at Vance Air Force Base have spent the past several months preparing for what amounts to the base's final exam â€" the biennial Compliance Inspection. The CI focuses on whether or not a base is following Air Force ... |
четверг, 5 мая 2011 г.
Brywood Centre construction will start later in the summer - The Business Journal of Milwaukee:
http://www.passfailstudios.com/index.php?id=50
The approved Tri-Land’s plan to redevelop the at 63rd Street and Blue Ridgde Cutofflast month. The approved $5.6 million in TIF reimbursements forthe $30.7 million project in June 2008. Tri-Landx is based in Westchester, Ill. “Wew are very excited to be movinb forward with thisredevelopment project,” Tri-Lands Executive Vice President Hugh Robinson said in a release. “We have had a greagt relationship with the city and the two districtcouncilo members, Terry Riley and Cindy throughout this process. We look forwars to delivering a renewed, high-quality projecyt to this great community.
” Redevelopment of the 183,000-square-foogt center will include a new facade, updated signage and landscaping upgrades, expansion of a Pricwe Chopper supermarket that anchors the center andincreased pad-site availabilit along 63rd Street. Tri-Land also hopeds to announce a new anchor tenant soon forthe 37-year-old Tri-Land owns and manages more than 2.8 million squares feet of retail space in the Mid-Atlantic and Southeast regions of the country.
It specializes in acquirint and revitalizing distressed and undervalued community centers ranginygfrom 100,000 square feet to 750,000 square
The approved Tri-Land’s plan to redevelop the at 63rd Street and Blue Ridgde Cutofflast month. The approved $5.6 million in TIF reimbursements forthe $30.7 million project in June 2008. Tri-Landx is based in Westchester, Ill. “Wew are very excited to be movinb forward with thisredevelopment project,” Tri-Lands Executive Vice President Hugh Robinson said in a release. “We have had a greagt relationship with the city and the two districtcouncilo members, Terry Riley and Cindy throughout this process. We look forwars to delivering a renewed, high-quality projecyt to this great community.
” Redevelopment of the 183,000-square-foogt center will include a new facade, updated signage and landscaping upgrades, expansion of a Pricwe Chopper supermarket that anchors the center andincreased pad-site availabilit along 63rd Street. Tri-Land also hopeds to announce a new anchor tenant soon forthe 37-year-old Tri-Land owns and manages more than 2.8 million squares feet of retail space in the Mid-Atlantic and Southeast regions of the country.
It specializes in acquirint and revitalizing distressed and undervalued community centers ranginygfrom 100,000 square feet to 750,000 square
вторник, 3 мая 2011 г.
St. John Properties takes over Opus East business park at Aberdeen Proving Ground - The Business Review (Albany):
afukakuja.wordpress.com
U.S. Army officials worked feverishly over the past week topull St. John Properties into the fold, fearful the projecg would come to a halt if Opus East filedr for bankruptcy protection before an arrangement couldbe struck, compang spokesman Gerard J. Wit said in a telephonre interview Tuesday. “It was a real round-the-clock, week-long effort to get this Wit said. “We’re going to get in and try to kick-stary this right away.” Aberdeen is gearing up for a significany influx of military jobs underthe Pentagon’s Base Realignment and Closure plan, expected to be completed by September 2011.
About 8,200 military jobs will be transferred to the in addition to as manyas 18,000p private contracting jobs from companies that do business with the incomintg military agencies. The approved Opus East's selectio of St. John Properties to take over the Government and Technologgy Enterprise business park because of theBaltimore developer’es ability to move forwarsd with new construction, Bob Penn, progranm director with the Army Corps, said in a statement. As in takingb over the project, including (NYSE: OFC) and Manekin LLC.
Opus East was awardee rights to developthe government-ownedx land under a lease with the Army in November 2007 and broked ground on its first building in Decemberr of that year. Since then, the company becames straddled with millions of dollares in construction loans it has been unablewto refinance, and the company has not started any new constructio n at the project for more than a The deal was inked June 19 between Opus East, St. John with the backing of the Army. St. John and the Army Corpsz of Engineers issued statements Tuesday announcing the Witsaid St. John will pay Opus East an undisclosesd amount of money for its developmengt rightsat Aberdeen. In connection with the St.
John has hired Opus East project manager Matthew Holbrook to oversee the GATE projectf as its director of defense andgovernment “Aberdeen Proving Ground is excitesd about moving the project forward with St. John Tim McNamara, APG deputy garrison commander, said in a “We consider it a positivd step to have their experienced management team spearheadinthe build-out of this project.” As the to help it consideer options including bankruptcy. Its parent company, , has also soughrt bankruptcy protectionfor it’s Opus South subsidiary and for two more subsidiariezs of its Opus West regional operation.
Opus spokeswoman Winston Hewett said Opus East is still evaluatinbg its options but has not made any decisionsabouft bankruptcy. The company was forced to relinquish its righta to the Aberdeen project because it has been unable to financed morethan $50 million in constructionn loans it took out to finance its projects. Most pressing among those debtsis $35 million the developef spent to build a new headquarters for the National Oceanivc and Atmospheric Administration in College for which it has sued the federal governmengt to collect its wages on that project, Hewett St.
John plans to breamk ground in the next two months on at leastt three new buildings at the Harford Countygmilitary base, with commitments from defense contractors for up to 300,000 square feet of office, research and development Wit said. Wit did not disclose the names of any ofthose tenants. Those buildings would be in addition toa 60,000-square-footy building Opus East completed in December 2008 for defense contractof CACI. “We view this development as the most significanrt commercial real estate opportunity in the historty ofour company,” St. John President Edward A. St.
John said in a “This is based on the amount of squaree footage that can eventually be developed as well as the importan t work that will be completedby end-userw that occupy this St. John Properties is the third-largest property management firm in Greater with nearly 11 million squarew feet of commercial spac e inthe region. But taking over the Aberdeen project represents a shift forthe company, whicgh has sought to tap into the demand for governmentg contracting space up until now. Wit said the compangy has also sought in the past to buy land for its own rather than to lease property from the governmenty such asat Aberdeen.
Opus East preliminarily receives commitments from firms seeking space atits 413-acre Governmentf and Technology Enterprise business park but did not startg any additional construction. The developer was unwillin to divide any of its buildingwinto multi-tenanted space, Wit said, preferring insteadx to construct buildings for a single tenant. That’s create d a pent-up demand for companies seekingfrom 5,000p square feet to upward of 20,000 square Wit said. “For all the hooplaz that BRAC has brought, there’s really only one buildingt that Opus was able to Wit said.
“If you don’rt have the place to park those people, if you don’t have the buildingw to put them in, there was going to be a real logistical problem.”
U.S. Army officials worked feverishly over the past week topull St. John Properties into the fold, fearful the projecg would come to a halt if Opus East filedr for bankruptcy protection before an arrangement couldbe struck, compang spokesman Gerard J. Wit said in a telephonre interview Tuesday. “It was a real round-the-clock, week-long effort to get this Wit said. “We’re going to get in and try to kick-stary this right away.” Aberdeen is gearing up for a significany influx of military jobs underthe Pentagon’s Base Realignment and Closure plan, expected to be completed by September 2011.
About 8,200 military jobs will be transferred to the in addition to as manyas 18,000p private contracting jobs from companies that do business with the incomintg military agencies. The approved Opus East's selectio of St. John Properties to take over the Government and Technologgy Enterprise business park because of theBaltimore developer’es ability to move forwarsd with new construction, Bob Penn, progranm director with the Army Corps, said in a statement. As in takingb over the project, including (NYSE: OFC) and Manekin LLC.
Opus East was awardee rights to developthe government-ownedx land under a lease with the Army in November 2007 and broked ground on its first building in Decemberr of that year. Since then, the company becames straddled with millions of dollares in construction loans it has been unablewto refinance, and the company has not started any new constructio n at the project for more than a The deal was inked June 19 between Opus East, St. John with the backing of the Army. St. John and the Army Corpsz of Engineers issued statements Tuesday announcing the Witsaid St. John will pay Opus East an undisclosesd amount of money for its developmengt rightsat Aberdeen. In connection with the St.
John has hired Opus East project manager Matthew Holbrook to oversee the GATE projectf as its director of defense andgovernment “Aberdeen Proving Ground is excitesd about moving the project forward with St. John Tim McNamara, APG deputy garrison commander, said in a “We consider it a positivd step to have their experienced management team spearheadinthe build-out of this project.” As the to help it consideer options including bankruptcy. Its parent company, , has also soughrt bankruptcy protectionfor it’s Opus South subsidiary and for two more subsidiariezs of its Opus West regional operation.
Opus spokeswoman Winston Hewett said Opus East is still evaluatinbg its options but has not made any decisionsabouft bankruptcy. The company was forced to relinquish its righta to the Aberdeen project because it has been unable to financed morethan $50 million in constructionn loans it took out to finance its projects. Most pressing among those debtsis $35 million the developef spent to build a new headquarters for the National Oceanivc and Atmospheric Administration in College for which it has sued the federal governmengt to collect its wages on that project, Hewett St.
John plans to breamk ground in the next two months on at leastt three new buildings at the Harford Countygmilitary base, with commitments from defense contractors for up to 300,000 square feet of office, research and development Wit said. Wit did not disclose the names of any ofthose tenants. Those buildings would be in addition toa 60,000-square-footy building Opus East completed in December 2008 for defense contractof CACI. “We view this development as the most significanrt commercial real estate opportunity in the historty ofour company,” St. John President Edward A. St.
John said in a “This is based on the amount of squaree footage that can eventually be developed as well as the importan t work that will be completedby end-userw that occupy this St. John Properties is the third-largest property management firm in Greater with nearly 11 million squarew feet of commercial spac e inthe region. But taking over the Aberdeen project represents a shift forthe company, whicgh has sought to tap into the demand for governmentg contracting space up until now. Wit said the compangy has also sought in the past to buy land for its own rather than to lease property from the governmenty such asat Aberdeen.
Opus East preliminarily receives commitments from firms seeking space atits 413-acre Governmentf and Technology Enterprise business park but did not startg any additional construction. The developer was unwillin to divide any of its buildingwinto multi-tenanted space, Wit said, preferring insteadx to construct buildings for a single tenant. That’s create d a pent-up demand for companies seekingfrom 5,000p square feet to upward of 20,000 square Wit said. “For all the hooplaz that BRAC has brought, there’s really only one buildingt that Opus was able to Wit said.
“If you don’rt have the place to park those people, if you don’t have the buildingw to put them in, there was going to be a real logistical problem.”
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