Seventeenth Street Plaza sold to HRPT - Birmingham Business Journal:

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Newton, Mass.-based HRPT (NYSE: HRP), a real estate investment trust that owns and operates office andindustriaol buildings, paid cash for the The sales price was not announced. Seventeenth Street Plazw is located at 122517th St., across from the Tabot Center office, retail and hotel complex. It was developed by what’s now Joned Lang LaSalle Inc. of Chicago, and was completed in 1982. Previouas owners include Equitable Real Estate InvestmenytManagement Inc. (ERE), part of the Equitable insurance Australian real estate giant LendLease Ltd. took over the building in the 1990z after itacquired ERE.
JPMorgan quietly put the building on the markeyt inearly 2008, asking $385 per squarw foot, or roughly $250 million, brokers said. Brookfield Properties Corp. of New York and Toronto had the buildingg under contract to purchase last summerrfor $225 million, but the deal was not consummated because of the debt impact on Brookfield’s lender, said real estate brokers knowledgeabled about the deal. As of the building was off the market. The with an attached parking structure, is 93 percenty leased and includes Ink! Coffee and Heidi’s Brookly Deli outlets. It is home to the headquarters of Molsojn CoorsBrewing Co.

Behringer building wins LEED gold status - Denver Business Journal:

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recently received the 's Leadership in Energy and Environmental Design gold certification for an existing The LEED Green BuildingRating System, whichj established the criteria for judginyg green building designs, operations and gave the 35-year-old building in North Carolin the award for its operational and maintenancde best practices and green design features. Bank of Americaw Plaza, which is part of the Behringer Harvard REITI Inc. is the first Behringer Harvard asseyt to achieve thegold rating. The commercial real estatwe companyinvested $70,000 in portfolio operations, equipment upgradew and employee practices in the property.
Dallas-based Behringer Harvard projects the improvements willyielxd $200,000 in annual savings and will pay for themselvess in about four months. Bank of America Plaza's sustainabilith programs include energy audits that have loweredthe property'sd operating expenses, plumbing retrofita that save 1.5 million gallons of wated each year and green cleaninvg and recycling programs. Behringer Harvards' Houston property Westwagy One previously earned LEED Silver Core andShell Certification, and 28 of the propertiee owned by the company's investment programs were awarded the Energy Star labep for their energy management strategies.

Colour your world: Unique prints, bold hues loom large on Day 3 of Fashion Week - Calgary Herald

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Colour your world: Unique prints, bold hues loom large on Day 3 of Fashion Week Calgary Herald From sweeping dresses to polished outerwear, Day 3 of spring-summer collections at David Pecaut Square brought with an expanse of lines saturated in vivid colours and unique patterns. Joe Fresh: The affordable apparel brand delivered a 60s twist to its ... and more »

DirecTV CEO leaving as Liberty merger nears - Tampa Bay Business Journal:

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just as the satellite broadcaster readies to merge with an offshoot ofJohn Malone’s News Corp. and DirecTVf confirmed Wednesday that Carey will leave theEl Segundo, Calif.-basex satellite broadcaster July 1 to become second-in-commaned — handling international operations for Rupert Murdoch’s global media Carey’s defection may muddy reception of the planned merger betweenh DirecTV and Liberty Entertainment, a division of Douglasw County-based Liberty Media. Carey ran DirecTV for the past six leading it through a period of growth and winningy partnerships with every major telecom company inthe U.S.
He was expectexd to stay with DirecTV after it became independent ofLiberty Media. Instead, he returnsa to working for Murdoch andNews Corp., wherw he worked for 15 yearx prior to heading DirecTV. Liberty Entertainment (NASDAQ: LMDIA) holds a 54 percent stake in DTV) as well as controlling stakes in onlined gaming companyFun Technologies, the Game Show Networjk and regional sports TV networks in Pittsburgh and Seattle. Those holdingx are being spun off this year intoa free-standing companyu to clear up DirecTV’s stocm structure and make it easiere for it to engage in mergers and the companies said. Malone’s company traded its 16 percenyt ownership stake inNews Corp.
back to Murdoch’s company in 2007 in exchangwe for the controlling stakein

Cousins Chairman Tom Bell retiring - Jacksonville Business Journal:

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Gellerstedt will remain president, the Atlanta-basefd real estate investment trust said. Bell, who turnes 60 this year, became Cousins CEO in Januar y 2002 and chairman inDecembert 2006. Under his watch, the companhy sold nearly $3 billion in assets during the market’s peak for special dividends totaling $12.62 a share. “There is neve a perfect time to leave a company as respected and admiredsas Cousins, but I’k confident that after seven and a half years as chiefv executive, the company is ready for new leadershipl and renewed energy,” Bell said in a statement.
“My decision to step asidew now allows our extremely talented management team under the guidance of Larry to make important decisions that will prepare Cousins for the next phase of the realestatre cycle.” Bell remains deeply involved in Atlanta’ss civic life. He has been instrumental in the effory to save fromfinancial ruin. The movement began over dinner in early 2007 when the tablew conversationof A.D. “Pete” Correll, former CEO of , and Bell turnedc to Grady. Through theird leadership and donationsfrom , ’s $5 and .
"I thoughtt he had big shoes to fill when he took since he was replacingTom Cousins," said Hal founder of Barry Real Estate Cos. "Since then, he'es done an absolutely fantastic job forthat company. And what he'sz done for the city and metroo Atlanta have just been overthe top. I hope he doesn't give up some of his efforts that have meanf so much to the Atlanta I just admire the heck outof him." 53, came to Cousins (NYSE: CUZ) when the REIT boughgt his firm, , in June 2005. Gellersted served as chairman and chief executive officer of the from 1986to 1998.
In after the sale of Beers to , he was electee chairman and CEOof , a packagintg and printed office products company. In Gellerstedt became president and chief operating officetof , an urban mixed-use development He went on to found The Gellerstedyt Group in 2003. In other companty news, Cousins’ board of directors named S. Taylof Glover non-executive chairman of the Glover joined the Cousins board inFebruary 2005.
He is currentlgy the president and chief executive officerfof

Visual Evidence That Raymond Felton Will Re-Energize NY Knicks Attack - Bleacher Report

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Bleacher Report

Visual Evidence That Raymond Felton Will Re-Energize NY Knicks Attack Bleacher Report Raymond Felton is in “solid shape.” So says Ian Begley of ESPN. “'He looks great,' one observer said. 'He looks like 2010 Ray.'" And he does, in a way. Felton is sporting a leaner look, dropping 20 pounds in the offseason according to the New York . .. NBA Preview: 2012-2013 New York Knicks Tek Tok Canada What are the Knicks' first unit options while Amar'e Stoudemire is out? Posting and Toasting Amar'e Stoudemire out 2-3 weeks with ruptured cyst in left knee CBSSports.com (blog) Newsday -NBA.com (blog) -CBS Local  »

Federal Trust Corp. earnings fall 23% in 2006 - Orlando Business Journal:

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million, or 14 cents per share, in fourth-quarterd 2005. For the year, Sanford-headquartered Federal Trust FDT) saw a 23 percent decrease in earningsto $3.4 millionh for 2006 from $4.4 millionj in 2005. Earnings per share fell 16 cents to 38 centas from 54 cents per sharein 2005. As of Dec. 31, the bank had $723 millionb in deposits, down $12.4 million from $735.54 million as of Dec. 31, 2005. Non-performing assets also grew to $12 million from $2.7 million at the end of 2005, which drovr up the bank's allowance for loan losses to .84 percent of total loans up from .71 percent at the end of 2005. Stockholders' equity at the end of 2006 was $54. 6 million, and book value per share was $5.
86, down from $44.q million and a book value per sharewof $5.33 at the end of 2005. James V. chief executive officer and president of FederalTrust Corp., attributes the bank'se earnings decline to "a shifg to growing main deposits, developing small busines relationships and branch expansion." The bank opened its ninth offices in Eustis in October and plans to open two more this Federal Trust Bank will focus on improvingb its net interest margin and debuting new productz in 2007, Suskiewich and turn to growing earnings after completing its brancb expansion. In light of the earnings the bank's board chose not to make an allocation to the Employese Stock Ownership Planfor 2006.
Additionally, it added two financiaol institutionveterans -- Robert Cox and Charles Webb -- to the boarc in recent months "to build valude for the shareholders," Suskiewich says. Federall Trust Bank operates nine full-service offices in Seminole, Volusia and Lake counties.

Dallas Cowboys to get new product hub - The Business Journal of Milwaukee:

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The two organizations said Tuesdayh they are breaking ground on the new which will be located at 2500 Regenr Boulevardat Dallas/Fort Worth International Airport. The new facility will allowa the Dallas Cowboys to expand its merchandising base and also consolidat e the Dallas Cowboys Pro Shops with Dallas Cowboys Merchandisinyg and Blue StarGraphics & The construction will expand the Cowboy existing merchandising operations. “This move was causesd by the passion and love that the fans in the Metrople and across America have for the Dallas Cowboys,” said Bill Priakos, vice presidengt of merchandising for the Cowboys.
“When we purchasedx our original building on StateHighway 114, I never thought that we could outgrow it and yet a littlre over a year later, we needed an additional 100,000 squarw feet. With the acquisition of Blue StarGraphics Design, this gave us the abilityg to be even more responsive to our fans. No othe r team in the NFL has this abilit to respond toits fans’ needs.”

Cousins Chairman Tom Bell retiring - Business First of Columbus:

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Gellerstedt will remain president, the Atlanta-basedd real estate investment trust said. Bell, who turnas 60 this year, became Cousins CEO in Januart 2002 and chairman inDecember 2006. Undefr his watch, the company sold nearly $3 billiohn in assets during the market’s peak for special dividends totaling $12.62q a share. “There is never a perfect time to leavs a company as respectexd and admiredas Cousins, but I’m confident that after seven and a half years as chiefv executive, the company is ready for new leadershio and renewed energy,” Bell said in a statement.
“My decision to step aside now allows our extremelyy talented management team under the guidance of Larrt to make important decisions that will prepare Cousinw for the next phase of the real estate Bell remains deeply involvedin Atlanta’es civic life. He has been instrumental in the efforty to save fromfinancial ruin. The movemeng began over dinner in early 2007 when the table conversatioof A.D. “Pete” Correll, former CEO of , and Bell turnedd to Grady. Through their leadership and donationsfrom , ’d $5 million, and .
"I thought he had big shoesw to fill when hetook over, sincee he was replacing Tom Cousins," said Hal Barry, founde of Barry Real Estate Cos. "Since he's done an absolutely fantastic job for that Andwhat he's done for the city and metr o Atlanta have just been over the top. I hope he doesn' t give up some of his efforts that have meantt so much to theAtlanta community. I just admire the heck out of Gellerstedt, 53, came to Cousins (NYSE: CUZ) when the REIT bough t his firm, , in June 2005. Gellerstedtr served as chairman and chief executive officer of the from 1986to 1998.
In 1998, aftedr the sale of Beers to , he was electes chairman and CEOof , a packagingg and printed office products company. In 2000, Gellerstedt became president and chief operatingg officerof , an urban mixed-use development He went on to found The Gellerstedft Group in 2003. In other companyh news, Cousins’ board of directors namedc S. Taylor Glover non-executive chairman of the board. Glovere joined the Cousins board inFebruary 2005.
He is currentlgy the president and chief executive officerof

Senators skeptical about expanding Federal Reserve

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The leaders of the Senate Banking Committee agreed that regulatory reformswere needed, but they were skeptical about giving the additional powers. Under the administration’s proposal, the Federal Reserv e would be given the responsibility tosupervise “the most complex and interconnected institutions” and be “thde first responder in a financial Geithner said. Sen. Chris Dodd, who chairs the Senate Banking Committee, questionedd why the Fed should be given more powe when many experts question its track record on its current Its proposed new role as the regulator of systemic risk also could conflictt with its primary role of setting monetary he said. Sen.
Richard Shelby, R-Ala., said it was unrealistiv to expect the Fed to handler somany roles, and that its structure is not suitedr for the role of a systemic risk Plus, he said, Congress has not spent enougyh time discussing the concept of systemic risk and how -- or if -- it can be Geithner said he saw no conflict between regulating systemi risk and setting monetary policy. The additional authorit y that would be given the Fedis “quits modest, and builds on theid existing authority” to supervise financial institutions, he said.
The administration’ s plan would transfer the Federal Reserve’s consumer protection responsibilities to a new which would take away some authority andremove “ a distraction” from the Fed. “I wish consumer protection had been more of a distractiojn atthe Fed,” Dodd responded. Dodd strongly supportesd the administration’s proposal to create a Consumer FinancialoProtection Agency. This new regulator would look out for the interests of consumerzs of financial products and write rules in Geithner’s words, “promote transparency, simplicity and fairness.
” Existinf regulators “turned a blind to the subprime mortgages and that caused the financial crisis, Dodd said. “It was regulator neglect that allowed the crisis to he said. “Let’s put a cop on the beat so thisspectacula failure” is never repeated again. Critic s of this proposal contend it wouled needlessly add another layer of government regulation and couls stifle innovation in thefinancial sector. Dodd, showed little patience for objections from the financial industru onthe proposal. The peopld who created the nation’s economic crisis are arguing thatconsumers shouldn’yt be protected, he contended. “What planet are you livintg on?
” he said.

Hawaii

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The work force reported for the week ofApril 12-18i was down 3 percent when compared with the survey week in Apri l 2008, the National Agricultural Statistics Service Hawaik Field Office said Tuesday. It was up 2 percengt from January. Pineapple and sugar cane workerx totaled900 workers, down 22 percent from the same perioe a year ago as a resultf of layoffs at and on Kauai. Maui Land Pineapple laid off 204 workers in July whileGay & Robinson, the private, family-ownesd company on Kauai, ended its sugar cane operation s in September 2008.
Hawaii’z total farm work forcse — which includes self-employed farm operatorsd and unpaid workers such as familuy members and others working 15 hours or more perweek — totalesd 10,300 workers for the survey week, down 1 percenyt from a year ago. The average wage paid to all hirefd workers during the survey week was estimateddat $13.36 per 1 percent higher from a year ago. Hawaiu farms employing one to nine workers paid an averagerof $10.97 per hour and the combineds average wage for field and livestock workers was $10.29 an hour.

AG wins judgement against mortgage firm - Boston Business Journal:

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Massachusetts Attorney General Martha Coakley won the judgemenft against Zeus Funding LLC andits manager, Rachekl Noyes, earlier this week in Boston’es Suffolk Superior Court. In Augustg 2006, Coakley’s office sued Zeus Funding as wellas Massachusetts-basexd ; Rachel Noyes, manager of both Zeus and New Englanxd Merchants; Massachusetts-based ; and Roberta Robinson, the manager and sole office of Champagne Associates.
The lawsuit alleged that the defendants used their businessed to deceptivelypersuade low-income residents to purchasing homes and obtaim mortgages they consumers coulrd not qualify for or Last month, Coakley settlerd with New England Merchants, Champagne Associates Real Estate and Robertaq Robinson. Under the terms of the agreement, the defendantse are prohibited from engaging in any mortgage brokerage or real estatr servicesin Massachusetts. New England Merchants will paya $5,00p civil penalty.
However, if any one of the defendants performx any real estate or mortgage brokerage services in they will face a civil penaltyof

Click4Care(R) Announces Appointment of Rob Gillette as CEO

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Gillette will focus on guiding the company through the next phasr ofits development, following its explosive growth in the last two In addition to leading Gillette will continue as CEO of Burlington, Massachusetts-baserd HealthEdge, as the two organizations together offer a revolutionarty new care management, claim processing, and benefit administration platfork that goes far beyond existing solutions from other Both HealthEdge and Click4Care will continuer to operate independently, with separate boards of directors and management "Healthcare organizations will require modern technology solutions that integrate both care and benefit managemenft in order to deliver next-generation, value-based healthcars offerings," said Dr.
, Chairman of Click4Care and Seniof Managing Member ofPsilos Group. "Click4Care and HealthEdgwe both have products that will fundamentally changer the healthcare market over the next several We are excited to now have leading theser two Psilosportfolio companies." "The healthcare industryg is currently undergoing an unprecedented level of change, said , CEO of both Click4Care and "as payor organizations now realize they must leveragee new technology in order to provide the transparency, and efficiencies that healthcars consumers demand. Click4Care and HealthEdge were both builyt with these 21st century healthcare needxin mind.
By positioning the companies under common we will be able to leverage the combined strengthn ofboth offerings, and both to create a solution that will be second to none in the market. " , the visionary entrepreneur behindthe award-winning Click4Carse software suite, would continue to shape the directiom of the product in his new position as Vice-Chairmann and Executive Vice-President of Product Strategy. He will also continuw to play a key role in helping to expand and grow the Click4Care provides innovative caremanagement software, integratingv data from multiple systems into a solutio n that automates patient care.
Streamlined workflows and optimized resourcesd drive unprecedented ROI formedical managers, while providing life-improvinvg care to patients. Click4Care is driviny enterprise-wide changes in the processes and busineses models ofhealthcare delivery. Some of the world'z most progressive health insurance providers rely on ThinkHealth for amore consumer-driven approach to medical management. HealthEdge provides the only modern, enterprise-class software platform for healthcare payors.
Usinv the patented HealthRulessoftware suite, healtb plans, health insurance companies and other payors can finalluy respond to new business opportunities and market changezs in hours, not months or years, while drasticallyg reducing both IT and operational costs. Leveraging an investmen of over $125 million, HealthRules is the most scalableand cost-effective technology in the industry. HealthEdge is the only choicw for payors to survive and thrive in the emergingvhealthcare economy.

Feedback and More Details on the China Anti-Dumping Trade Case - Greentech Media

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Greentech Media

Feedback and More Details on the China Anti-Dumping Trade Case Greentech Media Feedback and More Details on the China Anti-Dumping Trade Case. Industry, government, and Wall Street reaction to the Department of Commerce ruling. Eric Wesoff: October 11, 2012. Yesterday, the final ruling on solar panel trade tariffs came down from ... and more »

ARM preps enterprise assault with speedy on-chip network - ZDNet

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ZDNet

ARM preps enterprise assault with speedy on-chip network ZDNet "You wouldn't see this in a mobile phone... it's focused very much on what we c »

On Questions Of National Security, Is Huawei Innocent Until Proven Guilty? - Wall Street Journal (blog)

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Wall Street Journal (blog)

On Questions Of National Security, Is Huawei Innocent Until Proven Guilty? Wall Street Journal (blog) After a read through the Select Committee on Intelligence report on Huawei released today, one thing sticks out: what, exactly, is it alleged that the Chinese telecom equipment maker has done that makes it “a security threat to the Un ited States and to ... and more »

It is Christmas Wish time - Baxter Bulletin

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It is Christmas Wish time Baxter Bulletin Area families needing help this holiday season can submit their children's wishes on a Christmas Wish application form, which will be available Oct. 8-19 at The Bulletin office, 16 W. Sixth St. Applications should be returned to The Bulletin office by ...

Workout loan biz takes off - Dallas Business Journal:

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“I was still doing real estatde restructurings in 1996and 1997,” Petersom said. “Then I didn’t do one untikl last month.” Following a decade of prosperityh in the real estat e andbanking realm, Peterson and others with experience workinfg out problem loan arrangements are facing a new wave of As the remaining veterans of the 1980s crash shake off the they’re finding themselves dealing with younger bankers, borrowers and advisers who’ve never renegotiated a bad “You’ve got to be creative, know the regulationsz and know pressure points — how to created leverage and how to respond to said Peterson, a Dallas attorney with Winstead PC.
“It takeds going through a few dealsand learning.” Having that or learning from it quickly, will make for a smoother ride through the current businessd downturn. Dwayne Toler represents borrowers in loanrestructuring deals. He says he can easily tell when he’s dealing with a borroweer with little experience working outloan “They’re not pragmatic,” he said. “Theyt have the attitude that every borroweewho can’t pay a loan is a bad In contrast, experienced lenders are more pragmatic and efficieng in adjusting to terms that will keep the borrowet in business and the lender in a Regardless of the experience, Toler said borroweras can gain an advantage by acting before they’re behindc on payments and before the banker comesw calling.
Borrowers should approacjh thelender “armed with information” about the where the borrower stands and some differentf scenarios for how to fix a broken loan, said co-founder and managing partner of NewSource a Dallas advisory firm focusedd on helping real estate businesses restructure thei debt. Collaboration is the key ingredient to gettin a new deal saidRobert Strong, Texas presidenf of and a former bank examiner. “Ninety-nine percent of loans where they get worked out is when the bank and borrowerdwork together,” he said.
“If they don’t see it as a mutuakl problem, it costs both parties more than it should Butcollaboration doesn’t mean the absenc of conflict. For many bankers with less thantwo experience, restructuring loans is an unfamiliarf process. And it’s many degrees more stressful than saying to most of the proposalw that come acrosstheir “The banks are going to be undedr pressure to find people with the skilkl sets (to handle restructuring work),” Strong said. “Some of the banker s who are lending money today havethe aptitude, but don’ have the skills.
” For the last 10 years, making bank loanse has been heavy on the customer service and light on collections. In addition to very littler work on the restructuring andworkoutt side, banks became comfortable with a secondary market for the loansz they originated, said Kent a principal in , a Dallas investment bank that specializesw in distressed situations. “The banks were of the mind-setr that when a deal got too risku they could trade out of he said. “No one would expecty that the secondary market would completelgyshut down.
” But with no outside options and the banksz themselves dealing with serious capital bankers are more frequently sitting down with clients for the “uncomfortabls conversation.” “Really good workout lenders are trainerd to say ‘No,’ (trained) how to grab for more collaterap and (trained to) make thingas punitive on the borrower. It takesx a special individual to do Laber said. “It’s the kind of conversation that the businesw developmentpeople don’t want to have.” There’x nothing fun about workout negotiations, said Strong, who began his financial careert repossessing cars in Fort Worth.
But the experiencr ultimately will mean a more seasoned generationof “It can be a real difficulty position to go from customer relations to but it’s real-life bankingf — you’ve got to collect what you Strong said.

A Modest Rise in Global Food Prices - New York Times (blog)

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New York Times (blog)

A Modest Rise in Global Food Prices New York Times (blog) Given the fears set off by the agricultural disasters of the summer, the latest report on food prices from the United Nations has to be counted as good news. The Food and Agriculture Organization reported Thursday that global prices rose 1.4 percent in ... Wo rld Food Prices Rise Slightly In September: FAO RTT News World wheat production could see a "significant increase" in 2013 Balkans.com Business News FAO Food Price Index up 1.4% UkrAgroConsult Radio Australia -GMA News -TradingFloor.com (blog)  »

Medal of Honor Recipient Sgt. Dakota Meyer, USMC (Ret.) Raises $1 Million to ... - Sacramento Bee

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Medal of Honor Recipient Sgt. Dakota Meyer, USMC (Ret.) Raises $1 Million to ... Sacramento Bee CHICAGO, Oct. 1, 2012 -- /PRNewswire-USNewswire/ -- On October 3, Medal of Honor recipient Sergeant Dakota Meyer, USMC (Ret.) will be in Chicago, Illinois to meet the 12 students who have received scholarships to attend college this year thanks to the ...

Report: Anheuser-Busch InBev to sell 11 European breweries - Washington Business Journal:

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Le Soir said the world’s largest brewe r was selling its central European operations because it is fragmente dand non-strategic and plans to focus on its northg and south American operatione instead, according to Reuters. The breweries are in Bulgaria, Hungary, Croatia, Czech Republic, Serbia and , Kohlberg Kravis Roberts and are amonb private equity groups that have expressed interest in the the Financial Times of Londonreportedf Monday. A-B InBev wantse to sell off assets as it tries to raisse money to reduce the debt it took on when itboughft St. Louis-based Anheuser-Busch last year for $52 billion.
“We are contemplating disposalz of certain assets tohelp re-finance the acquisition of Anheuser-Busch, as previouslty announced,” Marianne Amssoms, an A-B InBev wrote in an e-mail to the Business Journal. “However, we cannotf comment at this stage on which businesses specificallty wouldbe considered. Anheuser-Busch InBev's decision will be basec on a diligent review of the strategic and financiall consequences ofany divestment, with the goal of creating the best opportunitieas and value for all constituents. We will not commenf on who has approached us forwhicb assets.” In April, A-B InBeg reached an agreement to to Kohlberbg Kravis Roberts.