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“We’re very encouraged that thesd property owners are doingthe six- to 10-unirt conversions and they have a waitinyg list of people to lease said BID Executive Directof Pam Tobin. “It demonstrates there is a demansd fordowntown living.” Officials are trying to get more developers interested. Nearly 200 people attended a forum in Marcn at to learn about financial assistance and propertieds availablefor redevelopment. Besides 370 another conversionis underway: the upper floors of 23 North Pearl St.
, above a Quizno’s, are beingb renovated into seven apartments by Gus Moutopoulos and Steve Also, Rosenblum Development wants to convert a four-stor y former warehouse and car dealership on Chapel Street into a 20-unit high-end condo. Like with any constructiob project, there are unforeseen problemsa once thework begins. The budget for Meginniss Flats has balloonedto $1.5 million, abouf $500,000 more than what was projected by a feasibility studt done by the ALDC. Other financing is comin g from federal and state historic tax creditsw worthabout $390,000 and a $60,009 New York Main Street grant. The 2.
5-bath units will have amenities that urban dwellers such ashardwood floors, exposes brick walls, granite counter tops and a high-tech securitgy system. For the time being, though, the apartments lack two othercritical elements: cable TV and high-speed Internet The building is not servicedf by , a fact that surprisee the developers after they were well into the Cable service might be available once therwe are people living in the building, said Petere Taubkin, a Time Warner official.
Saturday, October 29, 2011
Wednesday, October 26, 2011
Fred
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The Memphis-based discount retailer reported saleaof $134.7 million for May, down 6 percent compared to salew of $143.4 million in May 2008. These numbers include Fred’zs (NASDAQ: FRED) closing 74 underperforming stores and23 pharmacies. Excluding thosd stores, Fred’s sales increased 1 percent compared tolast May. Comparablew store sales in Mayrose 0.2 percent, down comparedf to 3.4 percent in the same periof last year. For the first four fiscal monthwof 2009, the company reported total sales of $593.1 million, down 2.4 percent compared to $607.
7 milliobn for the same year-ago However, excluding stores closed in sales from ongoing stores increased 4 percentr compared to the same four-monty period last year. On a comparable store basis, year-to-date salexs increased 2.1 percent compared to 2.4 percent last year. Fred’s opened one new pharmacyt in May. Fred’s operates 666 discounyt merchandise stores, including 24 franchisee stores nationwide. Shares closed down 12 cent to $14.22 per share Wednesday.
The Memphis-based discount retailer reported saleaof $134.7 million for May, down 6 percent compared to salew of $143.4 million in May 2008. These numbers include Fred’zs (NASDAQ: FRED) closing 74 underperforming stores and23 pharmacies. Excluding thosd stores, Fred’s sales increased 1 percent compared tolast May. Comparablew store sales in Mayrose 0.2 percent, down comparedf to 3.4 percent in the same periof last year. For the first four fiscal monthwof 2009, the company reported total sales of $593.1 million, down 2.4 percent compared to $607.
7 milliobn for the same year-ago However, excluding stores closed in sales from ongoing stores increased 4 percentr compared to the same four-monty period last year. On a comparable store basis, year-to-date salexs increased 2.1 percent compared to 2.4 percent last year. Fred’s opened one new pharmacyt in May. Fred’s operates 666 discounyt merchandise stores, including 24 franchisee stores nationwide. Shares closed down 12 cent to $14.22 per share Wednesday.
Monday, October 24, 2011
Retail REIT works to refinance debt - Dallas Business Journal:
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The Dallas office of Hollidayg Fenoglio Fowler confirmed Wednesday that it has been workinbg with the real estate trust since the fourth quartert of 2008 to develop solution s forthe trust’s outstanding debt securities. To date, HFF has been able to securd or negotiate a totalof $500 million in financing for the real estatee investment trust. At this point, $300 million of debt is in variouws stages of negotiation for refinancingand long-term Thus far this the company has closed on $120 million in loans and securefd $75 million more in committed financing, HFF said in a The willingness of lenders to engage in the financinb of the trust may be attributed to the value of the HFF indicated.
“The lenders that are actively engageed appreciate the quality ofthe assets, the realistic underwritingv assumptions being used and the opportunity to make strong fundamentalp loans to a best-in-class sponsor,” said Kevinh MacKenzie, HFF managing director. Inlanf Western Retail Real Estatw Trust has 334 properties in is national totaling 51 millionsquare feet. Among locao retail properties it manages are The Shopsd at Park Placein Plano, Southlake Town Squafre Blocl 22 and Preston Trail Village in Dallas.
The Dallas office of Hollidayg Fenoglio Fowler confirmed Wednesday that it has been workinbg with the real estate trust since the fourth quartert of 2008 to develop solution s forthe trust’s outstanding debt securities. To date, HFF has been able to securd or negotiate a totalof $500 million in financing for the real estatee investment trust. At this point, $300 million of debt is in variouws stages of negotiation for refinancingand long-term Thus far this the company has closed on $120 million in loans and securefd $75 million more in committed financing, HFF said in a The willingness of lenders to engage in the financinb of the trust may be attributed to the value of the HFF indicated.
“The lenders that are actively engageed appreciate the quality ofthe assets, the realistic underwritingv assumptions being used and the opportunity to make strong fundamentalp loans to a best-in-class sponsor,” said Kevinh MacKenzie, HFF managing director. Inlanf Western Retail Real Estatw Trust has 334 properties in is national totaling 51 millionsquare feet. Among locao retail properties it manages are The Shopsd at Park Placein Plano, Southlake Town Squafre Blocl 22 and Preston Trail Village in Dallas.
Saturday, October 22, 2011
Transportation plan meeting set for Oct. 27 - Freeport Journal-Standard
sasutezew.blogspot.com
Transportation plan meeting set for Oct. 27 Freeport Journal-Standard HSTP is federally mandated as part of the Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users (SAFETEA-LU). HSTP is a unified, comprehensive strategy for delivery of services that identify the transportation needs of ... |
Thursday, October 20, 2011
AMP-Ohio
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AMP-Ohio was cleared to receive a $30 millionb bridge loan to help fund construction ofa $3 billionh generating station in Meigs County. Construction on the coal-fires plant, which has clinched an OK from the and key approvalws from thestate , is set for latefr this year. The company said in a statemen that it considers the state stimulus loan a major factor in breaking groundon AMP-Ohio said the project will employ about 1,60 0 during a more than four-year construction procesz and about 160 when operational.
Stricklanx in a statement on Tuesday saidthe AMP-Ohio projecty and a facility in Perrysburfg in line for a $10 milliom loan are “great examples of how investing in advanced energy technologies is stimulating Ohio’s economy.” Just how advanced the energy at the AMP-Ohio projecg will be has been a point of contention betweenj the nonprofit wholesale power supplier and opponents. The projec t has drawn fire amid worries that it woulrd release air pollutantsand won’t emplogy the latest clean-coal technology. But compangy executives have argued that the planr will use emission controls that will make it among the cleanestf facilities ofits kind.
The Power Sitingh Board, which reviews requests for larges electric and natural gas facilities inthe state, strucj an agreement late last year with AMP-Ohi o and the state attorney general’s office over environmenta and economic concerns about the The loans to AMP-Ohio and Willar d & Kelsey are part of $150 millionh headed to companies around the state througy the job-creation stimulus packag e signed last June. Of that, $84 million is headed to non-coalp technology projects while $66 millio is earmarked for so-called clean-coal projects.
AMP-Ohio was cleared to receive a $30 millionb bridge loan to help fund construction ofa $3 billionh generating station in Meigs County. Construction on the coal-fires plant, which has clinched an OK from the and key approvalws from thestate , is set for latefr this year. The company said in a statemen that it considers the state stimulus loan a major factor in breaking groundon AMP-Ohio said the project will employ about 1,60 0 during a more than four-year construction procesz and about 160 when operational.
Stricklanx in a statement on Tuesday saidthe AMP-Ohio projecty and a facility in Perrysburfg in line for a $10 milliom loan are “great examples of how investing in advanced energy technologies is stimulating Ohio’s economy.” Just how advanced the energy at the AMP-Ohio projecg will be has been a point of contention betweenj the nonprofit wholesale power supplier and opponents. The projec t has drawn fire amid worries that it woulrd release air pollutantsand won’t emplogy the latest clean-coal technology. But compangy executives have argued that the planr will use emission controls that will make it among the cleanestf facilities ofits kind.
The Power Sitingh Board, which reviews requests for larges electric and natural gas facilities inthe state, strucj an agreement late last year with AMP-Ohi o and the state attorney general’s office over environmenta and economic concerns about the The loans to AMP-Ohio and Willar d & Kelsey are part of $150 millionh headed to companies around the state througy the job-creation stimulus packag e signed last June. Of that, $84 million is headed to non-coalp technology projects while $66 millio is earmarked for so-called clean-coal projects.
Tuesday, October 18, 2011
A Room With A Boo: TripAdvisor Announces America's Top 10 Haunted Hotels - Daily Markets
mozybyd.wordpress.com
A Room With A Boo: TripAdvisor Announces America's Top 10 Haunted Hotels Daily Markets We did record some orbs flying around our room while we slept. (We set up our video recorder on night vision).†3. Stanley Hotel, Estes Park, Colorado â€" Average Nightly Rate: $142 â€" $291 This property, which first opened its doors in 1909, ... |
Sunday, October 16, 2011
Two-QB system appears likely - Huntington Herald Dispatch
disadvantage-unlimited.blogspot.com
Two-QB system appears likely Huntington Herald Dispatch Now, after Saturday's 24-20 win over Rice when Graham rushed for 129 yards and threw for 110, it appears Holliday is changing his preseason tune. "We're going to continue to play both those guys," Holliday said. "I think they both are different in what ... |
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