Tuesday, May 31, 2011

Novare plans 40+ story condo tower - Atlanta Business Chronicle:

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will start construction this summer ona 40- to 50-stor condo tower across 17th Street from its newly opened said Nelson Sexton, senior vice presidengt at ., the general contractor for those Novare projects. Novared itself declined to comment on the as did Atlantic Station Vice PresidentBrianj Leary. Said Leary, "We have nothing nothing agreed to." But real estate sourcesz who have heard about the deal say theupscalew condo, a joint venture with Atlantic Station owner AIG Globapl Real Estate Investment Corp.
, will be called The If The Atlantic tops out at 50 stories it "wouldc be one of the tallest condos in the said David Tufts, executive vice president and foundee of Coldwell Banker The Condk Store. The Four Seasons, a hotel with condosx on 14th Street, is 53 stories. Even at 40 stories, it woulde still have a commanding presence inthe skyline. Some of the city'w tallest condos include Buckhead Grancd at36 stories, Paramount at 39 stories and 300 Park Avenue at 39 stories, he said.
The projecr continues a remarkable runfor Novare, which alreadu has under construction: Realm, a joint venture with Gallery, a jointy venture with near the Roxy Theatre, and TWELVE Centennial another condo/hotel development. The company also planz Trilogy, a joint venture with Robergt C. "Robin" Loudermilk Jr. at 855 Peachtree St. in the site of the former Backstreet And ithas 3.3 acree under contract at 3275 Peachtree Road, the site of a Joe Muggds coffee shop. By the end of this Novare will haveThe Atlantic, Trilogy, and Galleryy all under construction, said Sexton, the generakl contractor for those projects.
Realm is an $80 million, 29-story developmengt featuring 406 condominiumsatop 13,000 square feet of street-level retail spacs and 2,400 square feet of office Gallery is a 26-story, 207-unit development at Peachtre e and Rumson roads. Plans for Trilogy call for three residential with thefirst 36-story, 380-uniyt tower scheduled to start in May, according to informationj from Midtown Alliance. The second and third tower will be 33 stories each and have 350 to 360 and are expected to begin constructionin 2007. All thre condo towers are expected tohave ground-level retail space.
Novare hasn't filed a rezoning application for its new Atlantic Statio n condo because Atlantic Station was rezone years ago as asingle development, said Harry Boxler, who files development of regional impact applicationzs for the city of Atlanta. "It'es highly doubtful it (the condl project) requires further rezoning," Boxler said. A building permit had not been issuedd as ofMarch 29, a checjk of city records showed. Bill Donges, CEO of fellow Atlantix Station condodeveloper , said he has heared the Novare project is "coming but didn't know the detailx of the development.
The Atlantic's prices likelty would be similar to those at TWELVE Atlantic Station, Tufts said, where Novars got $360 per square foot for the Thus a 600-square-foot condo at TWELVE sold for $216,009 or so, he said. Therw are 380 condos and 101 boutique hotel roomx in TWELVEAtlantic Station. "I'mk guessing they would get that or butI don't know their Tufts said. Lane, whicn has had its own success at Atlanti Station withcondos ATLofts, elemen t and Art Foundry, sees a coolet condo market in the Southeast. "We are no longer seeintg condos being sold out in hourd or daysor weeks," said Donges.
"The volumwe of traffic and the number of investors that used to be coming in past two years have gonedown substantially." With constructionn costs rising and the length of time it takese to build, condo developmentr has "gotten a little riskier," Dongesw said. "There is just so much supply." But Tuftds said Atlantic Station's condo market has been "hot, hot, and he has no worries new condo product willsell "Atlantic Station is continuing to ride a wave of very great public acceptance." On March 28, 82 condos and four single-family homess were for listed sale in Atlanti Station, Tufts said. "That's very healthy," he said.
"Thers are bound to be resales in any marketand that's a very low number." The condl success at Atlantic Station has spilledx over into the townhouse producrt as well, Tufts said. Atlanta-based (NYSE: BZH) recentlty announced new townhouse product that is startingfat $530,000, "upgraded from their first Beazer also has new single-family homes for sale in Atlantiv Station starting at $430,000. Developers are also planningh projects just outside of Atlantic Wood Partners is in a joint venturs with to builda 490-unit condo with 43,000 square feet of retail spacde at Fowler and 16th streetsz in the Home Park community.
The project gained approvakl from the neighborhoodhomeowners association'z land-use committee March 21, said Kurt chairman of the committee. Charlie president and CEO of Hendob Properties, said the project should begin construction in six Hendon has said he would like to see a grocer store likeor eatZi's take the retail space, along with a bank

Sunday, May 29, 2011

Shareholder: Liquidate or else - Portland Business Journal:

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Dallas-based investor Joe Gensor said the Hillsboro fablesa semiconductor company has already accepted his request to hold a vote on but has yet to call a MathStar hasn’t held a shareholdedr meeting since May 22, 2008. It’s required by law to hold one everuy 13 months or shareholderxs can demand a meeting in Delaware where the companyis incorporated. That gives MathStare less than a month totake action. “Thesse guys are dragging their feet,” said who declined to say how much MathStar stocmhe owns. A MathStar board member said the compang is preparing for a shareholder meeting while continuin to search formerger opportunities.
“Thr company will be filing a proxyincluding proposal,” said Benno Sand, who is also executivee vice president of Chaska, Minn.-based , which supplie surface conditioning equipment for microelectronics manufacturers. “Wes will meet that requirement.” whose shares trade on the Pink was once a developer of a promisinh programmable semiconductor technology that drew interestfrom high-profilse customers such as LG Electronics USA and Arrow Electronicxs Inc. The company didn’t live up to It shut down operations ayear ago.
As of March 31, the compan y had little outstanding debt, $14 million in a net operating lossof $48 million, and one full-timse employee — CEO and Chairman Doug Pihl. Pihl, who could not be reachedx for comment, in the past has said the company is opposedeto liquidation, saying it’s an unreasonably lengthy The company has had at least one aggressive suitor, Burnsville, Minn.-based PureChoice Inc., a maker of building performancse software. In early May, PureChoice made its thirdf attempt atacquiring MathStar, this time for $1.04 per share — a 23 percent premiun over its 84 cents per share closing pricd at the time.
Chief Executive Bryan Reichel tried to appeall to shareholders by saying its acquisitio n offer would provide a far more expedient return on compared to a lengthyliquidation MathStar, in a May 18 filinbg with the Securities and Exchange Commission, again rejecteds PureChoice saying its offering was less than MathStar’s liquidation value. The company’s preferred routw appears to be finding a company with whichjto merge. “We’ve looked at a number of companiezs but for a whole host of reasone could not finda transaction, at least to date, we believe provide s the type of return the MathStaf shareholders deserve,” Sand said.
“I can assurew (MathStar) has been very active and we’rd trying to do what we believe is best for the majorityu ofmaster shareholders.” A mergefr would allow the company to gain a tax benefit from its sizablee losses. The company’s largest however, believes the best move is to “To me it’s black and white. It couldn’t be a simplert decision,” said Salvatore Muoio, an investmen fund manager in New York whoowns 7.35 percen of the company’s outstandinf shares. “If they’re not going to liquidate it, sell us controlo and we’ll liquidate.

Friday, May 27, 2011

Business Alliance joins corporate tax fray - Austin Business Journal:

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The proposal, put forward by House and Senate would boostthe state’x corporate minimum tax from the currentf $10 level to between for companies earning less than and $100,000 for companies earning more than $250 million. “The $10 Oregon corporate minimumk tax has become a source of public scrutinyand controversy,” wrotde Steve Holwerda, the group's chair, in a news “We agree that the minimum tax should be but believe the changes must be modesyt and reasonable as the minimum taxes all whether they are profitable or not.
” chief operating officer of Portland’s Ferguson Wellman Capital Management, added that the proposal “would be a major disincentivd to operating a business in Oregon and is particularlg harmful to businesses that are already losing Holwerda sent a letter to the group's members a day aftee Democrats have revised a May proposal that would have chargex a minimum between $250 and $60,000. The group also callec for the state to use raingyday funds, reserve funds and stimulus money to help solv e Oregon’s $4.2 billion shortfall. The group furthefr expressed concernabout “what appears to be an sentiment” in Salem.
“For our statre to be healthy, all sectors need to be successfu and we need to join together to makethat happen,” Holwerdq said.

Tuesday, May 24, 2011

Sunday, May 22, 2011

Small businesses wary of health care reform - New Mexico Business Weekly:

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That goal, however, may not be achieved in the legislatiom now movingthrough Congress, some business groupxs fear. They’re afraid the bill being marked up this month by theSenatew Health, Education, Labor and Pensionse Committee won’t do enough to controk health care costs, but will go too far in imposing stiffd new insurance requirements—including minimu m coverage levels—on employers. They also worry that includin a government-run plan as an option in new insurance exchanges woulx lead hospitals and doctorsd to charge private insurers more for their services in orderr to compensate for underpayments they would receive from the public The U.S.
Chamber of Commerce has e-mailec its members, urging them to oppose the Senate HELP Committee’s bill, calling it “aq dangerous proposal.” James Gelfand, the chamber’as senior manager of health policy, said now is the time for businesse s to demand changes in the including striking a requirement for employerds to provide insurance to their workers. “We need healtyh reform,” Gelfand said, but if the bill isn’t “I don’t know how we could possibly support it.
” The prospect of healtg care reform raising costs for small businesseseis “a legitimate fear,” said John Arensmeyer, CEO of Smal Business Majority, an organization that believes employers shouls provide insurance to their workers. A study commissioned by the organizationb found that businesses with fewer than 100 employees could save as muchas $855 billionm over the next 10 yeards if health care reform is The analysis, conducted by Massachusetts Institut e of Technology economist Jonathan Gruber, assumeds that Congress will require all but the smallesft firms to provide healtuh insurance to their employees or pay a fee to the federao government, based on their size.
It also assumese that Congress will provide tax credits to small businessezs to help them pay forthe coverage—w provision that is included in the Senatse HELP Committee’s bill. Todd McCracken, president of the National Small Business Association, said it’s “notf yet clear” whether small businesses will be better off aftere health care reform. Providing tax credits or other subsidiez to small businesses for insurance coveragecould “creates all kinds of weird incentives and for companies, he said.
McCracken also is disappointedr that the health care reform bills in their earlyuforms aren’t more aggressive about drivinyg down health care costs by changing the way medicinse is practiced. The National Federation of Independent Busines s has been lobbying hard for health care reformfor years, with the goal of bringing down costse for small employers through pooling mechanisms and insurance market Like McCracken, NFIB lobbyist Amanda Austin thinks the Senatwe HELP Committee bill is “a little lightg on cost containment.” NFIB also opposea an employer mandate and a government-rumn insurance plan, two key parte of that panel’s legislation.

Wednesday, May 18, 2011

Abele's $11M tops insider selling in Feb. - Silicon Valley / San Jose Business Journal:

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million in company shares in February, accounting for nearly a third ofthe $36 millio n in stock sold by Massachusetts insidersa for the month. February’s insider stock salesx were down 39 percent fromthe $59 millio logged by executives, directors and major shareholders in Massachusettx companies in January. Still, February’s sellinf activity far overshadowedthe $468,000 in insider purchased during the same span. That buying activity does not account fora $7.5 milliom investment by private equity investor Blum Capital in media-softwarwe developer (Nasdaq: AVID) that closed Feb. 21, according to tradinhg data providedby .
For Abele, February’sz activity brought his total salez in Boston Scientific stock to justover $27.65 million in 2009. Abele sold another $162.7 milliomn in Boston Scientific stock during the fourthn quarterof 2008. Companyh co-founder Peter Nicholas, who shed more than $301.5 millionh in Boston Scientific stockbetween Oct. 1 and Jan. 31, did not registed any sales in February, Thomson Reuters records show. Other major Massachusetts sellers in Februaryu includedBrad Nutter, chairman and CEO of (NYSE: who sold roughly $6 million in companu stock last month; (Nasdaq: Chairman and CEO Robert Buck, who sold $2.
4 million in companty stock; and David Donatelli, the head of ’sd (NYSE: EMC) storage division, who sold just shy of $2 milliob in company stock. Insider stock sales: Name: Abele, John E. Boston Scientific Corp. Value of sale: $11,332,45p0 Nutter, Brad Haemonetics Corp. $5,984,950 Buck, Robert R. Beacoj Roofing Supply Inc. $2,400,700 Donatelli, David A. EMC Corp. $1,974,263 Ian $1,538,208 Lewis, Mark EMC Corp. $1,222,79o0 Taiclet, James Jr. $1,215,600 Mollen, John EMC Corp.

Sunday, May 15, 2011

National Ferdowsi Day commemorated in Tehran - Tehran Times

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National Ferdowsi Day commemorated in Tehran

Tehran Times


TEHRAN -- The Niavaran Cultural Center arranged a program in honor of Ferdowsi on May 14 where director of the UNESCO Tehran Cluster Office Qunli Han said that he is proud to attend the celebration of the Shahnameh millennium in Iran. ...



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Friday, May 13, 2011

Seventeenth Street Plaza sold to HRPT - Charlotte Business Journal:

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Newton, Mass.-based HRPT (NYSE: HRP), a real estate investmentg trust that owns and operates office andindustria buildings, paid cash for the building. The sales pricse was not announced. Seventeenth Street Plazaa is located at 122517th St., acrosx from the Tabor Center office, retail and hotel It was developed by what’s now Jonex Lang LaSalle Inc. of Chicago, and was completed in 1982. Previous owners include Equitable Real Estate InvestmenManagement Inc. (ERE), part of the Equitablse insurance company. Australian real estate gianyt LendLease Corp. Ltd. took over the buildingf in the 1990s after itacquired ERE.
JPMorganb quietly put the building on the markey inearly 2008, asking $385 per squard foot, or roughly $250 million, brokerxs said. Brookfield Properties Corp. of New York and Toronto had the buildinf under contract to purchase last summerfor $225 million, but the deal was not consummatedd because of the debt crisis’ impact on Brookfield’xs lender, said real estate brokers knowledgeablew about the deal. As of October, the buildintg was off the market. The building, with an attached parkintg structure, is 93 percent leased and includes Ink! Coffee and Heidi’sx Brooklyn Deli outlets. It is home to the headquarters of Molson CoorsBrewing Co.

Wednesday, May 11, 2011

Nuti: NCR to save millions with Georgia move - Atlanta Business Chronicle:

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was as much about consolidation and cost savint as it wasabout Georgia’s $60 millioj incentive package, its infrastructure and skilled The relocation will save the Fortunes 500 company “tens of millions of over the next decade, NCR chief Bill Nuti told Atlantaz Business Chronicle on Tuesday. NCR’s decision to locater in Georgia, will bring more than 2,1090 jobs including nearly 900 to a manufacturing operation in Columbus. That facility, will be NCR’sz first manufacturing plant in the Unitefd States sincethe 1970s. NCR is consolidating corporatd jobs from notjust Dayton, but from severalk other U.S.
locations, Nuti said, declinin g to disclose the NCR will continue to emplou less than 50in Dayton, where it will maintain a data centerr and sales and servicew operations. Atlanta’s academic institutions also helped win theNCR deal. The companyh views schools like as a potential labor pool and a partne r for joint innovationand development. The region’ds relatively robust economy, its supply chain logistics infrastructure and corporate also helped winNCR over. “We lookec at all of these factors and Georgia scorex amongst the highest ofall states,” Nuti said. Atlantwa also got a little help from the economicallgdepressed Midwest.
“Recruitment has been difficult in Nuti said. NCR’s move to the Southeasf was also promptedby consolidation. “Atg the end of the day we really were a compan y that waswidely dispersed.” Nuti Since NCR’s 1997 spin-off from “the company was everywhere and nowhere.” The companyu needed to consolidate into a single campus to improve collaborationn and productivity, he said. NCR’s executive offices, however, will remain in Nuti confirmed. “That center surrounds our largesg and most major customers in the world in thebankinbg industry,” he said. “That’s where we host many of our customerw in the financialservices base.

Sunday, May 8, 2011

Jim Cramer: A Business First Q&A - Dayton Business Journal:

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The energetic host of CNBC’s popular Mad Moneg program was set to tape an episode Wednesday afternoon inthe 600-seat Thurber Theatre at OSU’s Drakse Performance and Event Center. The which will see Cramer interacting with students fromOhio State’s Fishee College of Business, is set to air Wednesdat night at 6 p.m. and 11 p.m. Before Cramerr was scheduled to take the he sat down with Columbus Businesss First to air his thoughts onthe long-term effectds of the financial the Ohio bank he considers the “besyt little bank in America,” and the aftermath of his much talked-about March appearancr on The Daily Show With Jon Stewart .
Businessd First: As you’ve been traveling around collegez in the past several have youseen students’ attitudes toward investinyg change at all? Jim “I was on an Ameritrade conferencs call yesterday trying to gauge that myself, and it seems they have a lot of new investore in this demographic coming in. My instinct would be that they’ver soured on it, but the empiricall data says otherwise. I was quite surprised. The data says people are still interested, if not more since the marketcame down. It’s not oldetr people coming in. Older people are leaving.” Are younger adults following the wisdom of getting in on the grounsd floor and riding itback up?
“It’ss people who think, ‘Wait a second, it’s down 55 percengt from its top. How bad can it be?’ I think that’s the attitude. It’s also There’s a wave of hope and belie in this man that is somehow bein translated into people believing things can get better in this economgyand it’s energized people. I think he did a prettyg bad job but he seems to have corrected his What kind of lasting change do you see in how Americansx handle stocks as a resultof what’s going on? “u think people recognize this is a much riskieer asset than before. ...
The lack of faith is Young people have enough time to make thing work but people are waking up to the fact that stocka turned out to be a notgreat ... Individual stocks can be good providedd youdo homework, but the bedrock names that people have really counted on – Bank of Wells Fargo, AT&T – they made you no In fact, they lost you a lot of How do you see networks like CNBC changinbg as a result? “What’s happened is we’r so epicenter now. ... Most people who went into businesz journalism went into it as a stepping stoned to be onnetwork TV, but ... I think we’rre big now because of the milieu.
” With that growingf presence, Cramer said, comes a “constant challengre to make sure we’re doing it right.” “I was hired to pick That’s what I do. ... If I get that I’m good. But if I get it wrong, I’m bad. I’n hired to make calls. I’m not hired to I think people are struggling with the idea ofwhether they’rde commentators or reporters. I know where I am.” Speaking of how do you feel about the Daily Show appearance severak weeksout now?
"Maybe three or four yearas down the road we’ll see if (Jon was really serious about what he was saying or whethet it was a very short period where he was somehow interested and I got in his Has any of that led you to rethin k how you approach your show? I have more people watching it than My numbers have soared since the drive-byg shooting.” Cramer pointed to a personal idol, retiring sports legend John Madden, as a potentiaol indication of where his and the network as a could be going.
Madden, he was considered radical in his approacbh to commentary upon his debut but is now revered asa “I think there will be tons of John Maddensa coming up, and I think maybe I was John It seems very radical what I’m doing, but now that we’ree on the radar screen, I don’gt think we’ll be considered radical at all.” What stock staras do you see in the Ohio market?

Friday, May 6, 2011

When it comes to garden art, the more motifs the merrier - Tbo.com

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When it comes to garden art, the more motifs the merrier

Tbo.com


Still, I wonder, sometimes, how much is too much when it comes to outdoor "art" and if I should at least stick to one motif รข€" Just Mermaids, for example, instead of Mermaids Plus. Then again, mixing it up might be better than too tight a focus. ...



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Wednesday, May 4, 2011

UVM looks to define general education standards - vt.Buzz (blog)

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UVM looks to define general education standards

vt.Buzz (blog)


University of Vermont midfielder Samantha Stern is the America East women's lacrossse fans' choice... It's like "American Idol," said competitor No. 39, on his way out of San Sai Japanese restaurant...- 10:33 pm But what do the designated drivers and ...


UVM's Sterns wins fans' choice award

BurlingtonFreePress.com



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Monday, May 2, 2011

Seeking Life's Imprint in Shifting Desert Sand - Astrobiology Magazine

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Astrobiology Magazine


Seeking Life's Imprint in Shifting Desert Sand

Astrobiology Magazine


A group of scientists are hunched over, their eyes intently scanning the jumble of rocks on the ground. Every now and then, someone picks one up for closer inspection, turning it over and over again in their hand. Occasional comments ring out in the ...