News@Northeastern | Northeastern University to establish system of regional campuses across the US News@Northeastern Advancing a model of higher education that moves “beyond the traditional boundaries of place,†Northeastern University President Joseph E. Aoun announced today that the university will launch a system of regional campuses in selected American cities. ... |
Monday, October 31, 2011
Northeastern University to establish system of regional campuses across the US - News@Northeastern
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Saturday, October 29, 2011
Ventas to buy 67 facilities run by Louisville's Senior Care - Business First of Louisville:
http://www.firewalkingdreams.com/vp/51827.html
Louisville-based Ventas (NYSE: VTR) will pay $649 million in cash and compant stock to buy the according to anews release. The facilities will be leasedx to subsidiariesof , a Louisville-based compan y formed last year to run the Reichmanns' long-term care portfoli o in the United States. Senior Care is led by Pat a veteran of the healtg careand long-term care industries. Mulloy once led Louisville-based Atria Communitie s Inc., now The Reichmanns, a prominenrt Canadian real estate family, have significant holdings in the United States and including IPCUS REIT. IPC's U.S. operationds also are based in Louisville.
The family'es long-term care portfolio includes 74 facilities in16 states. It also includesd two Louisville-based companies that are becoming part ofSeniof Care: The Elmcroft Group and United Rehagb LLC. United Rehab operates 17 skilled-nursing facilities and two rehabilitatioh hospitals, primarily in Kentucky. Elmcroft operates eight assisted-living communities located in the southeastern United As BusinessFirst , the Reichmann-familyg entities originally had planned to sell most of theitr long-term care properties through an initial publi offering on the Toronto Stocik Exchange.
It was not immediatelh clear how the deal with Ventas will affect that and Mulloy could not be reachedrfor comment. In the news release, Mulloy said "Senior Care will generats morethan $15 million in operating income by next year and be one of the largestt privately held long-term care and seniora housing enterprises in the The company, which combiner many of the Reichmann enterprises in this has nearly 6,000 employees and abou t 6,200 beds. "We are very pleased to begin our corporatw lifewith Ventas's strong endorsement, evidencedx by its $649 million investmenr in our business," Mulloy said in the release.
For Ventas, the deal means it will add about $50 million in annual rent payments througyhthe 15-year lease -- and two five-year the release said. The deal is expectedc to add about 4 cents per share to funds from operations in the first year afterd thedeal closes, the release Funds from operations, a commom measure of performance for real estate investment trusts, excludes depreciation, gains and losse on real estate sale and other items. Last Ventas reported funds from operationzof $200.1 million, or $2.09 per share on $333 Ventas also will continue its diversification, lessening its reliance on rent from its formed sister company, Louisville-based Kindred.
Followinv the purchase and lease arrangement withSenio Care, Kindred's leases will representy about 46 percent of Ventas's annual revenue, the release said. In 2005, Kindred paid $199.1 millionb in rent payments to Ventas, or about 52 percent of annual revenue for its225 facilities. "We are excited to announcew this acquisition, which exemplifies the continued execution of our strategic growth anddiversificatiom plan," Ventas CEO Debra A. Cafaro said in the release.
"Ihn one step, we are adding an important newtenant relationship, acquiring a diverse portfolio of assetw with a large component of privatse pay revenues, and continuing our commitment to strong internal growty from rental escalations," Cafark added.
Louisville-based Ventas (NYSE: VTR) will pay $649 million in cash and compant stock to buy the according to anews release. The facilities will be leasedx to subsidiariesof , a Louisville-based compan y formed last year to run the Reichmanns' long-term care portfoli o in the United States. Senior Care is led by Pat a veteran of the healtg careand long-term care industries. Mulloy once led Louisville-based Atria Communitie s Inc., now The Reichmanns, a prominenrt Canadian real estate family, have significant holdings in the United States and including IPCUS REIT. IPC's U.S. operationds also are based in Louisville.
The family'es long-term care portfolio includes 74 facilities in16 states. It also includesd two Louisville-based companies that are becoming part ofSeniof Care: The Elmcroft Group and United Rehagb LLC. United Rehab operates 17 skilled-nursing facilities and two rehabilitatioh hospitals, primarily in Kentucky. Elmcroft operates eight assisted-living communities located in the southeastern United As BusinessFirst , the Reichmann-familyg entities originally had planned to sell most of theitr long-term care properties through an initial publi offering on the Toronto Stocik Exchange.
It was not immediatelh clear how the deal with Ventas will affect that and Mulloy could not be reachedrfor comment. In the news release, Mulloy said "Senior Care will generats morethan $15 million in operating income by next year and be one of the largestt privately held long-term care and seniora housing enterprises in the The company, which combiner many of the Reichmann enterprises in this has nearly 6,000 employees and abou t 6,200 beds. "We are very pleased to begin our corporatw lifewith Ventas's strong endorsement, evidencedx by its $649 million investmenr in our business," Mulloy said in the release.
For Ventas, the deal means it will add about $50 million in annual rent payments througyhthe 15-year lease -- and two five-year the release said. The deal is expectedc to add about 4 cents per share to funds from operations in the first year afterd thedeal closes, the release Funds from operations, a commom measure of performance for real estate investment trusts, excludes depreciation, gains and losse on real estate sale and other items. Last Ventas reported funds from operationzof $200.1 million, or $2.09 per share on $333 Ventas also will continue its diversification, lessening its reliance on rent from its formed sister company, Louisville-based Kindred.
Followinv the purchase and lease arrangement withSenio Care, Kindred's leases will representy about 46 percent of Ventas's annual revenue, the release said. In 2005, Kindred paid $199.1 millionb in rent payments to Ventas, or about 52 percent of annual revenue for its225 facilities. "We are excited to announcew this acquisition, which exemplifies the continued execution of our strategic growth anddiversificatiom plan," Ventas CEO Debra A. Cafaro said in the release.
"Ihn one step, we are adding an important newtenant relationship, acquiring a diverse portfolio of assetw with a large component of privatse pay revenues, and continuing our commitment to strong internal growty from rental escalations," Cafark added.
Wednesday, October 26, 2011
Man questioned after woman and her toddler daughter stabbed to death in Skokie - Chicago Tribune
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Chicago Tribune | Man questioned after woman and her toddler daughter stabbed to death in Skokie Chicago Tribune Police were questioning a Skokie man after a woman and her 27-month-old daughter were found stabbed to death at a Skokie home this afternoon, authorities said. Skokie police and firefighters were dispatched to ... Woman and Young Daughter are Victims of Double Homicide in Skokie |
Monday, October 24, 2011
Saturday, October 22, 2011
Parnell addresses Alaska Federation of Natives - Alaska Dispatch
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Alaska Dispatch | Parnell addresses Alaska Federation of Natives Alaska Dispatch Sean Parnell spoke at the Alaska Federation of Natives convention early Friday morning, pledging to make the state's rural communities better places to live. "I pledge to you today that we will not rest as long as the epidemic of violence and sexual ... Alaska Federation of Natives committee undecided about 2012 location Alaska Federation of Natives Convention Begins in Anchorage Parnell addresses Alaska Federation of Natives; topics include domestic ... |
Thursday, October 20, 2011
Stadium deal faces injunction attempt - San Francisco Business Times:
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Grace Solares and Elvis who filed suitin February, filed an emergency motiobn Monday in an effort to stop the sale of the bondes altogether. A copy of the temporaruy injunction motion provided by the plaintiff alleges the county is exceeding its constitutionalk tax and spending powers by issuing bonds tied to the professionalsports tax/tourist development tax. As a resulgt of the motion and to avoid a cloud that could affecy the interest rate onthe bonds, the county has pushed back the bond sale Miami-Dade spokeswoman Vicki Mallette said. the closing date for all the bondsz remainsJuly 14.
The countg had already planned to push back the bond closingg date due to a requesty change on how some financing fees are paidto , whichy has provided the county with a letter of creditr for the project. Wachovia’ s letter of credit is for two years atapproximately $100 million. The Wachovias change would require an amendment to the bond ordinance that allowed the county to issue Professional Sports Franchise Tax and Tourist DevelopmenftTax bonds. County commissioners will get a chanc e to consider the change at a specialo meetingon Friday. A public hearing and secondx reading is scheduled forJune 30.
If count y commissioners approve theWachovia change, the three parties would have until mid-Juluy to close on financing, instead of the end of Miami-Dade County and the partiesd also will be given until July 15, insteae of July 1, to pull out of the The change would not impact the projecteds financing expenditures the county commission already has reviewed, according to a statement from County Manager Georgs Burgess. “Our confidence in the project and its underlying funding plan has not he said in a statemenyton Monday.
On Friday, Burgess also wantas to make “minor technical corrections” to the county deed that conveys two parcelx to the city of Miamii for the stadium Burgess also is working with Miamk to modify the deed on the stadium site to reflect the changde inthe deal’s new termination date. The city of Miamik commission will meet Thursday to consider the Wachovia In April, county commissioners approved issuing bonde totaling a maximum of $536 millioh toward construction of the $640 million, 37,000-seaft ballpark.
Grace Solares and Elvis who filed suitin February, filed an emergency motiobn Monday in an effort to stop the sale of the bondes altogether. A copy of the temporaruy injunction motion provided by the plaintiff alleges the county is exceeding its constitutionalk tax and spending powers by issuing bonds tied to the professionalsports tax/tourist development tax. As a resulgt of the motion and to avoid a cloud that could affecy the interest rate onthe bonds, the county has pushed back the bond sale Miami-Dade spokeswoman Vicki Mallette said. the closing date for all the bondsz remainsJuly 14.
The countg had already planned to push back the bond closingg date due to a requesty change on how some financing fees are paidto , whichy has provided the county with a letter of creditr for the project. Wachovia’ s letter of credit is for two years atapproximately $100 million. The Wachovias change would require an amendment to the bond ordinance that allowed the county to issue Professional Sports Franchise Tax and Tourist DevelopmenftTax bonds. County commissioners will get a chanc e to consider the change at a specialo meetingon Friday. A public hearing and secondx reading is scheduled forJune 30.
If count y commissioners approve theWachovia change, the three parties would have until mid-Juluy to close on financing, instead of the end of Miami-Dade County and the partiesd also will be given until July 15, insteae of July 1, to pull out of the The change would not impact the projecteds financing expenditures the county commission already has reviewed, according to a statement from County Manager Georgs Burgess. “Our confidence in the project and its underlying funding plan has not he said in a statemenyton Monday.
On Friday, Burgess also wantas to make “minor technical corrections” to the county deed that conveys two parcelx to the city of Miamii for the stadium Burgess also is working with Miamk to modify the deed on the stadium site to reflect the changde inthe deal’s new termination date. The city of Miamik commission will meet Thursday to consider the Wachovia In April, county commissioners approved issuing bonde totaling a maximum of $536 millioh toward construction of the $640 million, 37,000-seaft ballpark.
Tuesday, October 18, 2011
Dan Snyder stays at Six Flags under reorganization - Jacksonville Business Journal:
igoeosysata1533.blogspot.com
Six Flags is also seekinyg a $600 million loan, secure d by its assets, and $150 milliomn in a new revolvingycredit line. The company’s executive retention plan would keep Snyderf as board memberand chairman. Mark currently chief executive, as well as chiec financial officer Jeffrey Speed and several other top managemenft would also stay on inexecutivse roles. Six Flags, which announced its Chapter 11 bankruptc y filing overthe weekend, listed $2.4 billion in debt and $3 billioh in assets. It hopes to cut debt by $1.8 billio and wipe out more than $300 million in preferreds stock.
Snyder and his managementy team, who took control of the themew park operator three and a halfyears ago, have not been able to returj the company to profitability, despite increasing attendancwe and selling several park to raise capital last year. The company reported a $146 milliomn first quarter loss. Six Flags has said its reorganizatiobn will not affect park operationsx and its vendors and employees will continu tobe paid. Six Flags 20 theme parks includein Largo.
Six Flags is also seekinyg a $600 million loan, secure d by its assets, and $150 milliomn in a new revolvingycredit line. The company’s executive retention plan would keep Snyderf as board memberand chairman. Mark currently chief executive, as well as chiec financial officer Jeffrey Speed and several other top managemenft would also stay on inexecutivse roles. Six Flags, which announced its Chapter 11 bankruptc y filing overthe weekend, listed $2.4 billion in debt and $3 billioh in assets. It hopes to cut debt by $1.8 billio and wipe out more than $300 million in preferreds stock.
Snyder and his managementy team, who took control of the themew park operator three and a halfyears ago, have not been able to returj the company to profitability, despite increasing attendancwe and selling several park to raise capital last year. The company reported a $146 milliomn first quarter loss. Six Flags has said its reorganizatiobn will not affect park operationsx and its vendors and employees will continu tobe paid. Six Flags 20 theme parks includein Largo.
Sunday, October 16, 2011
BlackBerry's maker 'assessing' redress - The National
acklinegymejac1362.blogspot.com
USA Today | BlackBerry's maker 'assessing' redress The National Research In Motion (RIM), which makes the BlackBerry smartphone, is "assessing" how to compensate operator partners, including Etisalat and du, after four days of disruption to email and data services. The UAE's two telecommunications companies agreed ... RIM Crafts Damage Control As Service Returns |
Thursday, October 13, 2011
Canal expansion impact: Multi-modal center planned - Tampa Bay Business Journal:
http://munafik.info/article.php?story=20071222131436609
has chosen a site just nortb of the Manatee County line to buildits , a facility near Port Manatere that would provide a distributio hub directly to consumers using rail and trucks, takin g advantage of its proximity to shipping from the Panams Canal and busier Gulf of Mexico transportationj traffic. “When we were looking for the righgt site, two of the absoluted keys we were looking for was its proximity to both rail and saidDick Ellison, a principal for Inland Port that is leading the project. “Thi s land was just off [U.S.] 41, which is not heavilty traveled at this pointin time, but it may be.
Interstatese 275 and 75 were very close tothe site, which mean we have some direct pointsa to Tampa, Miami, Jacksonville, Orlando, and Atlanta.” Constructionb of the multimodal center wouldf take approximately 10 years and includwe 2.6 million square feet of warehouse enough to accommodate between 15 and 25 It also is expected to generater some $89 million in total labodr income once complete, representing an average annualk salary of $49,400. It’s expected to contribute $6.
7 milliojn each year in gross ad valorem property tax income toHillsboroughj County, according to projections by But to become reality, it will need to clearxs some governmental hurdles over the next two to three including zoning changes and a necessart amendment to the county’xs comprehensive plan, Inland Port Systems plans to spend $125 million in labor alone for construction of the Ellison wouldn’t share how much build out for the Bay area centef is expected to but a typical multimodal center sitting on 500 acres of land with 7 millioh square feet of structures – more than double of what’sw planned near Port Manatee would have a total valuer of $750 million, according to an investod presentation on the Inland Port Web site.
Inlanrd Port is expected to present its projecrt to theApril 7. However, it will need approvalds at both the count and state level before any workcan begin.
has chosen a site just nortb of the Manatee County line to buildits , a facility near Port Manatere that would provide a distributio hub directly to consumers using rail and trucks, takin g advantage of its proximity to shipping from the Panams Canal and busier Gulf of Mexico transportationj traffic. “When we were looking for the righgt site, two of the absoluted keys we were looking for was its proximity to both rail and saidDick Ellison, a principal for Inland Port that is leading the project. “Thi s land was just off [U.S.] 41, which is not heavilty traveled at this pointin time, but it may be.
Interstatese 275 and 75 were very close tothe site, which mean we have some direct pointsa to Tampa, Miami, Jacksonville, Orlando, and Atlanta.” Constructionb of the multimodal center wouldf take approximately 10 years and includwe 2.6 million square feet of warehouse enough to accommodate between 15 and 25 It also is expected to generater some $89 million in total labodr income once complete, representing an average annualk salary of $49,400. It’s expected to contribute $6.
7 milliojn each year in gross ad valorem property tax income toHillsboroughj County, according to projections by But to become reality, it will need to clearxs some governmental hurdles over the next two to three including zoning changes and a necessart amendment to the county’xs comprehensive plan, Inland Port Systems plans to spend $125 million in labor alone for construction of the Ellison wouldn’t share how much build out for the Bay area centef is expected to but a typical multimodal center sitting on 500 acres of land with 7 millioh square feet of structures – more than double of what’sw planned near Port Manatee would have a total valuer of $750 million, according to an investod presentation on the Inland Port Web site.
Inlanrd Port is expected to present its projecrt to theApril 7. However, it will need approvalds at both the count and state level before any workcan begin.
Tuesday, October 11, 2011
Bush announces $17.4B bailout for GM, Chrysler - Birmingham Business Journal:
ibitasony.wordpress.com
billion in emergency loans to and in order to keep them in The money will come from the Troubled AsseftRelief Program, the $700 billion financial rescue packages approved by Congress in October. The automakers will have until Marc 31 to show they have viable plans to including restructuring their compensation to be competitivd withforeign automakers. If they fail to do this, they will have to pay back theloanz immediately. Under ordinary circumstances, Bush said he would allos “the free market to take its whichwould ”most certainly lead to a disorderlyt bankruptcy and liquidation” for Chrysler and GM. This, he “is the price failed companies must pay.
” “But thesee are not ordinary circumstances,” Bush said. Givejn the current financial crisisand recession, allowingb these companies to collapse is “not a responsibled course of action,” he said. “Such a collapse would deal an unacceptably painful blow to hardworking Americans far beyond the auto Bush said. It would result in additional job losses and a longer recession,” he said. The credit squeeze brough t automakers to the brink of bankruptcy faster than they Bush said, and they did not have time to prepare for an orderlhy bankruptcy proceeding.
Plus, consumers woulcd be reluctant to buy vehicles from companies going througha bankruptcy, he Bush said the loans to automakers wouldf have conditions similar to those includefd in the legislation that failed to pass the Senatee last week. This will give automakers an incentive to restructureeoutside bankruptcy, and a brief window in which to do so, he “We believe they are capablse of doing” this, Bush said. “Chrysler is committexd to meetingthese requirements,” said Chrysler Chairman and CEO Bob GM issued a statement saying the loans “wilpl allow us to accelerate the completion of our aggressive restructuring plan for long-term, sustainabld success.
It will lead to a leaner, stronged General Motors.” If the automakers can’t restructurw outside a bankruptcy court, the three months will give them time to prepar e forthe process, Bush said. Restructuring will requirwe “meaningful concessions” from everyone involved in the auto Bush said. “The time to make hard decisionx to become viable is now or the only optionn willbe bankruptcy,” Bush said. The domestiv automakers’ financial crisis . It will accelerate the geographif shiftof U.S. auto production from nortyh tosouth — a trened already occurring, said Barry Hirsch, an economica professor at .
“You’ve had a real shift in auto Hirsch said. “I see that continuing to I don’t see the Midwest reasserting itself as the dominant TheSouth — with its low-cost, non-unionh reputation — marketed itself to foreign automakers as the ideal outposr to launch a competitive assault on the Big More than 306 auto and vehicle-relatedf companies have a presence in employing more than 23,000, accordingb to the . is building its first U.S.-bases assembly plant in the Peach State a $1.2 billion investment expected to creatr thousands of auto jobs.
billion in emergency loans to and in order to keep them in The money will come from the Troubled AsseftRelief Program, the $700 billion financial rescue packages approved by Congress in October. The automakers will have until Marc 31 to show they have viable plans to including restructuring their compensation to be competitivd withforeign automakers. If they fail to do this, they will have to pay back theloanz immediately. Under ordinary circumstances, Bush said he would allos “the free market to take its whichwould ”most certainly lead to a disorderlyt bankruptcy and liquidation” for Chrysler and GM. This, he “is the price failed companies must pay.
” “But thesee are not ordinary circumstances,” Bush said. Givejn the current financial crisisand recession, allowingb these companies to collapse is “not a responsibled course of action,” he said. “Such a collapse would deal an unacceptably painful blow to hardworking Americans far beyond the auto Bush said. It would result in additional job losses and a longer recession,” he said. The credit squeeze brough t automakers to the brink of bankruptcy faster than they Bush said, and they did not have time to prepare for an orderlhy bankruptcy proceeding.
Plus, consumers woulcd be reluctant to buy vehicles from companies going througha bankruptcy, he Bush said the loans to automakers wouldf have conditions similar to those includefd in the legislation that failed to pass the Senatee last week. This will give automakers an incentive to restructureeoutside bankruptcy, and a brief window in which to do so, he “We believe they are capablse of doing” this, Bush said. “Chrysler is committexd to meetingthese requirements,” said Chrysler Chairman and CEO Bob GM issued a statement saying the loans “wilpl allow us to accelerate the completion of our aggressive restructuring plan for long-term, sustainabld success.
It will lead to a leaner, stronged General Motors.” If the automakers can’t restructurw outside a bankruptcy court, the three months will give them time to prepar e forthe process, Bush said. Restructuring will requirwe “meaningful concessions” from everyone involved in the auto Bush said. “The time to make hard decisionx to become viable is now or the only optionn willbe bankruptcy,” Bush said. The domestiv automakers’ financial crisis . It will accelerate the geographif shiftof U.S. auto production from nortyh tosouth — a trened already occurring, said Barry Hirsch, an economica professor at .
“You’ve had a real shift in auto Hirsch said. “I see that continuing to I don’t see the Midwest reasserting itself as the dominant TheSouth — with its low-cost, non-unionh reputation — marketed itself to foreign automakers as the ideal outposr to launch a competitive assault on the Big More than 306 auto and vehicle-relatedf companies have a presence in employing more than 23,000, accordingb to the . is building its first U.S.-bases assembly plant in the Peach State a $1.2 billion investment expected to creatr thousands of auto jobs.
Sunday, October 9, 2011
Jefferson Development buys Hurstbourne Green building - Business First of Louisville:
lihung-associations.blogspot.com
million to buy the Cingular Building in Hurstbournse Greenbusiness park. The deal closed Jan. 9, and the seller was an investmentt group calledKellso LLC, accordinv to information on the Jeffersonb County Clerk's Web site. Kevin Cogan, presidentf and CEO of Jefferson Development, said he planss to invest an undetermined amount later this year to upgrades common areas inthe four-story, 70,000-square-foot, Class A facilitu at 1650 Lyndon Farm He also is planning to launch an aggressive leasinfg effort to replace the building's ancho tenant, , when it moves out of the 35,0009 square feet it leases there in May.
The wireless carrier, which has 80 workers in the building, will relocate to AT& T Kentucky's downtown offices at 601 W. Chestnut St., according to Rob director of Cingular Wirelesxs forCentral Kentucky. Cingular Wireless is solely ownecby , following its 2006 merger with The two companiesx had owned Cingular jointly. At one time, the wirelessd company had leased the entire Hurstbourne Greenoffic building. Cogan said he has hired local real estatde brokerage CBRichard Ellis/Louisville to handle leasingt duties for his latest acquisition. The building'es occupancy will drop to 50 percentf whenCingular relocates. Other tenants include , and two insurancee companies.
Cogan said the 10-year-old propertg has a number of keyselling points, including a completes data center, backup abundant parking, good condition and a stron g location in the thriving Hurstbourne Parkway Naming rights opportunities are available to any tenant willing to take at leasrt a full floor in the building, he added. David managing director, senior vice president and a broker with CBRichardx Ellis/Louisville, said he is "veru bullish on our ability to backfill the Cingular Building space.
" He pointexd out that his firm leased two floorsz in the building to other businesses when Cingular downsized several years ago and said the suburban office market has been activse and has tightened in recent months. Cogan said the Cingular Building "really fit well" with Jefferson Development'ws other holdings. The company, which he former in 1987, owns more than 800,000 square feet of officwe space and hasanother 250,000 square feet undedr development. Jefferson Development also has residential, medical, retail, apartment and industriak warehouse holdings inseveralo states.
One of the company's office properties is The Columnes ofHurstbourne Green, a 41,000-square-foot facility that adjoins the Cingulafr Building at 1661 Lyndon Farm Cogan said he might expand the Cingular Building or buile another free-standing office facility on its seven-acre site to accommodates tenant growth at The Columns building. |
million to buy the Cingular Building in Hurstbournse Greenbusiness park. The deal closed Jan. 9, and the seller was an investmentt group calledKellso LLC, accordinv to information on the Jeffersonb County Clerk's Web site. Kevin Cogan, presidentf and CEO of Jefferson Development, said he planss to invest an undetermined amount later this year to upgrades common areas inthe four-story, 70,000-square-foot, Class A facilitu at 1650 Lyndon Farm He also is planning to launch an aggressive leasinfg effort to replace the building's ancho tenant, , when it moves out of the 35,0009 square feet it leases there in May.
The wireless carrier, which has 80 workers in the building, will relocate to AT& T Kentucky's downtown offices at 601 W. Chestnut St., according to Rob director of Cingular Wirelesxs forCentral Kentucky. Cingular Wireless is solely ownecby , following its 2006 merger with The two companiesx had owned Cingular jointly. At one time, the wirelessd company had leased the entire Hurstbourne Greenoffic building. Cogan said he has hired local real estatde brokerage CBRichard Ellis/Louisville to handle leasingt duties for his latest acquisition. The building'es occupancy will drop to 50 percentf whenCingular relocates. Other tenants include , and two insurancee companies.
Cogan said the 10-year-old propertg has a number of keyselling points, including a completes data center, backup abundant parking, good condition and a stron g location in the thriving Hurstbourne Parkway Naming rights opportunities are available to any tenant willing to take at leasrt a full floor in the building, he added. David managing director, senior vice president and a broker with CBRichardx Ellis/Louisville, said he is "veru bullish on our ability to backfill the Cingular Building space.
" He pointexd out that his firm leased two floorsz in the building to other businesses when Cingular downsized several years ago and said the suburban office market has been activse and has tightened in recent months. Cogan said the Cingular Building "really fit well" with Jefferson Development'ws other holdings. The company, which he former in 1987, owns more than 800,000 square feet of officwe space and hasanother 250,000 square feet undedr development. Jefferson Development also has residential, medical, retail, apartment and industriak warehouse holdings inseveralo states.
One of the company's office properties is The Columnes ofHurstbourne Green, a 41,000-square-foot facility that adjoins the Cingulafr Building at 1661 Lyndon Farm Cogan said he might expand the Cingular Building or buile another free-standing office facility on its seven-acre site to accommodates tenant growth at The Columns building. |
Friday, October 7, 2011
Katie Holmes' new horror film Don't Be Afraid Of The Dark scared Tom Cruise - Mirror.co.uk
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Just Jared | Katie Holmes' new horror film Don't Be Afraid Of The Dark scared Tom Cruise Mirror.co.uk Tom Cruise was so scared after watching wife Katie Holmes in her latest movie, the horror thriller Don't Be Afraid Of The Dark, that he had to watch another, less frightening film before he could go to sleep. ... Katie Holmes: Starbucks with Suri! Katie Holmes Takes Suri to Visit Tom Cruise on the Set of 'One Shot' Katie Holmes And Suri Cruise Go On A Starbucks Run (PHOTOS) |
Wednesday, October 5, 2011
Lathrop makes key IP hire - Kansas City Business Journal:
kowutoco.wordpress.com
The successful recruiting of Bob Lesley, who also once serveds as IP practice group chairman at a predecessorto , is anothere key step in Lathrop'ss push to expand its IP practice group. The decade-olr group has grown to nearlyu50 lawyers. "I've been watching Lathrop's progress the last 10 yearsw in the intellectualproperty area," said Lesley, who officially started at Lathrop on Jan. 29. "There'sz been just tremendous growth here. They seem to have real strength and a great client Lesley brings his book of clientsto Lathrop.
He servees as regional counsel for power tool giantr and handles all IP work for clients such asOverland Park-basecd , Mission-based business seminar provider SkillPath and , a fan and heatert manufacturer based near Wichita. Intellectual property law has becomre enormously important during the past 15 According toThe , as much as 85 percent of Fortunw 500 companies' market capitalization is tied to intellectual -- rather than tangible -- assets. A Feb. 26 studt found that the number of IP lawsuits dipped slightlgy for the second year in a row in 2006 afterd rising the previous16 years, but the U.S. Supremde Court is set to take up more IP casesw this year thanever before.
Lesley was with Stinson Mag Fizzell PC for20 years, including five as leader of its IP group beginning in 1997. Back he said, Lathrop "was not very well knowh for doingIP litigation." Lathrop hired its firsr intellectual property lawyer, Bill Rudy, in 1996. Managinyg Partner Tom Stewart said he was in talkd with Lesley for about three months and was drawj to him because of hiscourtroom experience. "There are very few experienced IP trial attorneysout there, and Bob is one of Stewart said.
"Up until there just weren't a wholer lot of IP So people who actually have some experiencw doing that arereally Lesley's successful trial judgments include copyright and trademarm infringement cases. He also has defended numerous patent disputesw for manufacturersof toasters, space heaters, fans and other small appliances. And he has won noncompetre and tradesecret disputes. In one, he represented Burns & In another, he representede three high-level executives who left to form acompetingg business. Two eventually created .
Trenrt Webb, chairman of Kansasw City-based 's intellectual property litigationpractice group, agree that it's crucial -- and rare -- for lawyerw to have extensive IP courtroom experience. "I think it'es important that you get IP litigatorss who have actual experience in front of juries and are equipped to put complec matters in understandable terms for ordinary lay he said. "Sometimes IP litigators get so consumec by the complexity of the detailsd that they forget about the need to distill complexd techy issues into digestible informationfor jurors.
" Although many lawyers may call themselvexs IP litigators, a lot of the casesx are settled long before they get to said Chris Holman, associate professor of law at the University of Missouri-Kansad City. "More often than not, the litigatiom involves pretrial motions and he said. Holman, who previouslgy worked as in-house patent counsel for severao Silicon Valleybiotech companies, also was an associate at two West Coas t IP boutique law firms -- both of whicb were swallowed by largde general practice firms. Holman said large firm s have been gobbling up boutique IP firms and goingb after keylateral hires.
"It's one of the hottesg areas in law," he "A lot of the big firmas have gotten into it in recent yearzs because itis profitable." Kansas City used to have three main boutiquer IP firms; now there is one -- . Stewart said the IP growtu has been important tohis firm'w bottom line. "They're reallty busy, and they're really sprear thin," he said. "We are handling litigatiobn matters all over thecountrty now, from coast to coast.
We eithedr needed to clone some of our existintgIP lawyers, or we needed to bring in somebody like Bob Lathrop's IP growth 1996 • Bill the firm's first IP lawyer, joins and beginxs to build a practice 2001 • The firm opensw a Boulder IP office, which now has 11 lawyers and four pateng agents. 2003 • Gerry Kraai, an IP litigatort and patent lawyer, joins from Shughart Thomson Kilroy PC. Kraai previously was leade of , a main local IP boutiqure firm. 2004 • The firm opens its New York which now has 12 includingDean Bierkan, the former leaded of all IP and trademark matters for H.J. Heinz Co.
2005 The firm opens its Denved office, staffed by litigators who have handledIP litigation. 2007 The firm has 45 IP lawyers. Key additionzs in early 2007 includeBob Lesley, Bierka n and Drew Sanders, former in-house copyrighyt law counsel for Sony and the American Societyy of Composers, Authors and Publishers.
The successful recruiting of Bob Lesley, who also once serveds as IP practice group chairman at a predecessorto , is anothere key step in Lathrop'ss push to expand its IP practice group. The decade-olr group has grown to nearlyu50 lawyers. "I've been watching Lathrop's progress the last 10 yearsw in the intellectualproperty area," said Lesley, who officially started at Lathrop on Jan. 29. "There'sz been just tremendous growth here. They seem to have real strength and a great client Lesley brings his book of clientsto Lathrop.
He servees as regional counsel for power tool giantr and handles all IP work for clients such asOverland Park-basecd , Mission-based business seminar provider SkillPath and , a fan and heatert manufacturer based near Wichita. Intellectual property law has becomre enormously important during the past 15 According toThe , as much as 85 percent of Fortunw 500 companies' market capitalization is tied to intellectual -- rather than tangible -- assets. A Feb. 26 studt found that the number of IP lawsuits dipped slightlgy for the second year in a row in 2006 afterd rising the previous16 years, but the U.S. Supremde Court is set to take up more IP casesw this year thanever before.
Lesley was with Stinson Mag Fizzell PC for20 years, including five as leader of its IP group beginning in 1997. Back he said, Lathrop "was not very well knowh for doingIP litigation." Lathrop hired its firsr intellectual property lawyer, Bill Rudy, in 1996. Managinyg Partner Tom Stewart said he was in talkd with Lesley for about three months and was drawj to him because of hiscourtroom experience. "There are very few experienced IP trial attorneysout there, and Bob is one of Stewart said.
"Up until there just weren't a wholer lot of IP So people who actually have some experiencw doing that arereally Lesley's successful trial judgments include copyright and trademarm infringement cases. He also has defended numerous patent disputesw for manufacturersof toasters, space heaters, fans and other small appliances. And he has won noncompetre and tradesecret disputes. In one, he represented Burns & In another, he representede three high-level executives who left to form acompetingg business. Two eventually created .
Trenrt Webb, chairman of Kansasw City-based 's intellectual property litigationpractice group, agree that it's crucial -- and rare -- for lawyerw to have extensive IP courtroom experience. "I think it'es important that you get IP litigatorss who have actual experience in front of juries and are equipped to put complec matters in understandable terms for ordinary lay he said. "Sometimes IP litigators get so consumec by the complexity of the detailsd that they forget about the need to distill complexd techy issues into digestible informationfor jurors.
" Although many lawyers may call themselvexs IP litigators, a lot of the casesx are settled long before they get to said Chris Holman, associate professor of law at the University of Missouri-Kansad City. "More often than not, the litigatiom involves pretrial motions and he said. Holman, who previouslgy worked as in-house patent counsel for severao Silicon Valleybiotech companies, also was an associate at two West Coas t IP boutique law firms -- both of whicb were swallowed by largde general practice firms. Holman said large firm s have been gobbling up boutique IP firms and goingb after keylateral hires.
"It's one of the hottesg areas in law," he "A lot of the big firmas have gotten into it in recent yearzs because itis profitable." Kansas City used to have three main boutiquer IP firms; now there is one -- . Stewart said the IP growtu has been important tohis firm'w bottom line. "They're reallty busy, and they're really sprear thin," he said. "We are handling litigatiobn matters all over thecountrty now, from coast to coast.
We eithedr needed to clone some of our existintgIP lawyers, or we needed to bring in somebody like Bob Lathrop's IP growth 1996 • Bill the firm's first IP lawyer, joins and beginxs to build a practice 2001 • The firm opensw a Boulder IP office, which now has 11 lawyers and four pateng agents. 2003 • Gerry Kraai, an IP litigatort and patent lawyer, joins from Shughart Thomson Kilroy PC. Kraai previously was leade of , a main local IP boutiqure firm. 2004 • The firm opens its New York which now has 12 includingDean Bierkan, the former leaded of all IP and trademark matters for H.J. Heinz Co.
2005 The firm opens its Denved office, staffed by litigators who have handledIP litigation. 2007 The firm has 45 IP lawyers. Key additionzs in early 2007 includeBob Lesley, Bierka n and Drew Sanders, former in-house copyrighyt law counsel for Sony and the American Societyy of Composers, Authors and Publishers.
Monday, October 3, 2011
Jury sentences convicted rapist to life in prison, assesses $10000 fine - Victoria Advocate
husydow.wordpress.com
YNN Austin | Jury sentences convicted rapist to life in prison, assesses $10000 fine Victoria Advocate "Those trophies were in his house so he could become aroused and yes maybe even sexu » |
Saturday, October 1, 2011
Elwha River flows freely past destroyed dam portion - Peninsula Daily
yvejodo.wordpress.com
Indian Country Today Media Network.com | Elwha River flows freely past destroyed dam portion Peninsula Daily Most of the Elwha River gushes through the newly removed portion of the Elwha Dam at left. Photo is from the Elwha Dam webcam, part of the National Park Service array at http://tinyurl.com/damwebcams. Bennett Pearson of Whidbey Island, left, ... Elwha River flowing past parti » |
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