Wednesday, 27 July 2011

More downtown condos on the way - Orlando Business Journal:

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The duo will begihn renovating the modern buildingthis month. When completed, will feature eightt one-bedroom, one-bath condominiums. The news comexs on the heels of a Florid Association ofRealtors first-quarter report that shows Orlando condo sales continud to do much better than the statewidr average. In the first three monthsd of 2006, Orlando reported 1,501 existing condol sales, up 118 percentf from 2005, when 688 condos sold in the year-ago Condo sales statewide decreased 22 percent from ayear ago.
The closingt of Thornton Park Studios is expected shortly and a pricd for the building wasnot disclosed, accordinhg to , which is representing the developers and recentlyh finished the conversions and closings of Uptown Placw and Park North at Chenet Place. Prices for the studio condos will start at All units will featurehardwood floors, granite and stainless steekl countertops. They will also includew new appliances andplumbing fixtures. , an Orlando-based title insurance agent, has been selected as the title agencu and will handle futurcondo closings. Sales and marketing for Thornton Park Studioe is being handledthrough .

Sunday, 24 July 2011

Macy

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percent drop in same-storew sales in May, as consumers continued to put offunnecessary spending. The Cincinnati-based departmentg store chain said sales at stores open at leastt a year are in line withmanagemen expectations. Total sales declined to $1.7 billion from $1.9 billion a year ago, or 9.5 For the year, Macy’zs said its same-store sales declined by 9.1 percent, with tota l sales down 9.5 to $6.9 billion from $7.7 billion. Macy’d (NYSE: M), like most retailers, has been struggling to attractf parsimonious shoppers while not giving away the storee throughdeep discounts, a strategy that erodees profit margins.
But recent reports regardiny rising manufacturing activity and home sales gave a lift to retail stocka earlier inthe week, based on hopes that consumers may be encouraged to go out and splurge on a few summer items. Total May retaikl sales were projected to dropby 3.6 percent, according to Retail Metrics, a Massachusetts firm that trackzs store sales. This compares with a 2.7 percentg decline in April. Department stores were forecast to post theweakest results, down 8.5 percent, with “discretionaryy spending still in hiding,” accordiny to its monthly report.
The retailer has projected full-yearf profits of 40 cents to 55 cents per excluding restructuring costs stemming from itscompanywide reorganization, part of its My Macy’x merchandising program. That said, Macy's hedgeed that it will beat this guidance if the economuy improves in the second half of the Annual sales, it has said, are expecte to decline by 6 percent to 8 with spring expected to be weaker than the in part due to stronger performancesd last spring. Macy’s operatesx roughly 845 department stores under thenames Macy’ s and Bloomingdale’s. • (NYSE: TGT) said its May same-storde sales fell 6.1 percent from the same monthg ayear ago. Total sales, at $4.
56 billion, were down 2.3 percent from May 2008. Targety has consistently postedmonthly same-storew sales declines during the recession, as consumerd have pulled back their spendingb on clothes, home furnishings and some of the othe discretionary items that had boosted the company’ sales during better times. • said its comparable storew sales in May decreasedby 0.4 percentt and total sales increased 4.1 percent, betteer than management had expected. The Menomonede Falls, Wis.-based retailer KSS) said Thursday salexs for the four-week month ending May 31 were $1.26 compared with $1.21 billion in the same perio of 2008. Year-to-date sales also are aheadf of 2008at $4.
9 billion, compared with $4.8 billion in 2008, an increase of 1.3 percent. Comparable storw sales year-to-date decreased 3.2 Kohl’s said. • (NYSE: GPS) said that its comparable-store salez were down 6 percent year over yearin May, and net salesx were down 5 percent to $1.03 billion. Gap Northy American and Banana Republic were hit the hardesttin comparable-store sales -- going down 11 percent and 14 respectively. International sales were down 7 percent.
Old Navy was the one Gap bransd that saw anincrease -- It was up 3

Friday, 22 July 2011

Rosenfeld leaves CBRE for NAI/Merin Hunter Codman - Tampa Bay Business Journal:

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Orin Rosenfeld, one of ’ top retail brokerzs in South Florida, started his new job Monday as managingt director of WestPalm Beach-based . Long known as a major office realestate firm, NAI/Merib Hunter Codman will have Rosenfeld spearhead its growthg in the retail real estate He has signed up a propertyg manager from another firm and has openings for two “Retail is suffering to some extent,” Rosenfeld said. “But, the way we look at it, therw are a ton of possibilities and opportunities because a ton of tenantse and owners are in troubl e and are looking for someone to guide them througuh thesechallenging times.
” Formerly the VP of CBRE’s retaipl services group in its Boca Raton office, Rosenfeldf worked for the company for six years. He joinedx it when CBRE acquired Insignia/ESG. Accordingh to his profile on CBRE’w Web site, Rosenfeld has leased more than 10 million square feet valued at morethan $140 millioj during the past 13 years. Rosenfeld said NAI/Merin Huntefr Codman offers opportunities that are not available at such as getting equity stake in deals and partnership inthe company. He said that becominvg a partner couldbe “on the horizon.
” , the Businesxs Journal reported that Jay Caplin, head of ’s Capitakl Markets Group in became the third executive to depart that compan y this year. He joined Miami-based real estate investment firm as amanaginfg principal.

Wednesday, 20 July 2011

Vedante's growing sales

http://egsbrokerage.com/ri/rilife.htm
Online buyers purchased thousandsof Kantor’s super-reflective Pop Bands (armbands and legbands), pet collarse and leashes made by her company, Vedant e Corp. “When everybody was saying holiday saleswere down, ours just said Kantor, a veteran fashion designere who started Boulder-based Vedantw nearly three years ago. The success of Vedante’s Pop Bands and pet products prompte giant onlineretailer Amazon.com to buy most of her inventoryu for resale, and triggered inquiries from larger pet-store chains about licensing the products or buyingg her company. Kantor focusedr more on online sales for the holidays thantraditionalo brick-and-mortar sales of Vedante products.
That was becausw as the recession deepened, retail sale s slowed more than online The emphasispaid off, but it presented Kantor with the problemk of managing unexpected . “It wasn’t even in my game plan to havea break-evenm month for another year,” she said. Vedante productas for pets, pedestrians and cyclistsw can reflect brightly from 500to 1,500 depending on their color. Kantord formed the business with the missiojn of improvingnighttime safety. Cars injure or kill a pedestrian every sevebn minutes in theUnited States, according to the National Highwau Traffic Safety Administration (NHTSA).
That amounts to nearly 75,0009 people annually, with about 50,000 of the accidents occurrinbat night, NHTSA statistics show. Kantort takes walks at dusk and, having survived a car cras with a drunk driveryears ago, she alwayse wondered about her safety crossing streetse at night. Then she saw a Bouldert pedestrian hit in a crosswalk inbroax daylight, and she decided to make a product to improvew pedestrian visibility. She drew on her experiencd in textiles anddesigning women’s apparel in Los Angeles. She choses 3M’s reflective materials for Vedante’s products, and it co-brandws the Pop Bands with 3M. She uses the 3M fabriv in collars and leashesafor pets.
McGuckin Hardware Store in Boulder carries both the Pop Bandwsand Vedante’s cat collars. The Pop Bandd , costing between $12.98 and $13.98 dependint on size, sell comparably to the battery-powered safety lights McGuckihn sells foroutdoor recreation, said Rik the store’s sporting goods manager and buyer. “They do very he said. “What appeals is their ease of use, and the noveltyu of them popping onand off.” Vedante’ss pet collars range between $13.98 and and its leashes between $29.98 and $45.98. Kantor’sd biggest challenge is managing a surgew in retailer interest without taking on debt that couldcrimop Vedante’s long-term health.
Kantor maxed out Vedante’s existingv lines of credit from bankws after her sales started and she put that money inthe bank. She feare d her banks would reduce her credit lines without thus starving the company of money at acruciakl time.

Monday, 18 July 2011

Six Flags files Chapter 11 - Los Angeles Business from bizjournals:

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New York-based Six Flags (OTC BB: SIXF) said its reorganizatio plan has unanimous support ofits lenders’ steering committeed and the administrative agent for the company’s $1.1 billiob senior secured credit facility. The plan woulcd deleverage the company’s balance sheetf by $1.8 billion, and cut more than $300 milliom in mandatorily redeemable preferredstock obligations. The company listed assetsx of $3.03 billion and debts of $2.376 billion in its filing. “Ths current management team inheritecda $2.4 billion debt load that cannot be sustained, particularlt in these challenging financial markets,” said Mark president and CEO of Six Flags, in a statement.
“As a we are cleaning up the past and positioning the company forfuturw growth... Following a recorf year of performance in which completedthe three-year turnaroun d of our system-wide park operation, this action to clean up the balance sheet paves the way for a full revival of the ” Six Flags has 97.7 million shares of common stoc k and 1.1 million shares of preferred stock. Six Flags’ stock closed June 12 at 26 cents a Six Flagsreported . It had a loss of $134 millionm in 2008. Six Flags operates Valencia's Six Flagds Magic Mountain.

Friday, 15 July 2011

Report: Columbus holding its own amid recession - Business Courier of Cincinnati:

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A report from D.C.-based liberal public-policy think tank dubbe d the MetroMonitor bills itself asa “beneath the recession-era look at metros with more than 500,000p residents as of 2007. The report placed the Columbus metropolitan statistical area 40th among those ranked for its basedon employment, unemployment, wage, home prices and foreclosure No other Ohio city made the top 50. Cincinnati, Akron and Dayton found slots from 61stto 80th. Toledlo was ranked the 10th-weakest majord metropolitan area nationwide. Leading the pack in the reporyt wasSan Antonio, one of four Texas citiez among the nation’s top five. Detroiyt was ranked last, followed by Cape Fla.
, and Stockton, Calif., two areaws devastated by the foreclosure crisis. Brookings found that the metropolitan perspective on performance amid therecession “suggests that recoveryt may be quite uneven as well, posing particularf challenges for policymakers seeking to ensure a truly nationall rising economic tide.” Columbus’ strengths and weaknesses in the repory varied. The city ranked 25th for its 1.7 percent decline in employment since its peak earlierthis decade. Columbus founr itself at 32nd for itsmodest 0.
4 percent gain in inflation-adjusted housinyg prices for the first three months of 2008 compared with the same period this But the city was ranked near the bottokm of the list, at 80th, for the 4.8 percentg decline in its gross metropolitab product – a measure of the goodsx and services produced in the area in the first quarter of 2009 compared with its pre-recession Comparing the last three months of 2008 with the firsr quarter this year alone, the GMP dropped 1.7 representing the 14th-worst declins among the cities measured. To download the full report, clico .

Wednesday, 13 July 2011

Jul 12, 2011 posted by: Mari Lou-WGMD News - WGMD Radio

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WGMD Radio


Jul 12, 2011 posted by: Mari Lou-WGMD News

WGMD Radio


UPDATE â€" 10PM â€" A Rehoboth Beach man has been cited after a crash with a motorcycle just before 5:30 last night. State Police say a motorcycle ridden by 51 year old Theodore Wishin of Frederica was northbound on Route 1 when a car pulled out of the ...



and more »

Monday, 11 July 2011

AMC Entertainment sets deadline on debt buyback - Phoenix Business Journal:

http://cbshomes4u.com/guide-to-buying-model-homes.html
In a filing with the Securities andExchangd Commission, the Kansas City-baseed movie theater company said that holders of $238.1 millio n of the notes had agreedr to proposed amendments in AMC’sx offer. The proposed amendments will eliminatd almost all the restrictive covenants onthe notes. AMC a previouslu announced private offeringto $600 millionh in senior notes due in 2019 and that it expectedf net proceeds of about $568.21 million. AMC previously said it would use the proceedes to buythe company’s outstanding $250 millionh in senior notes due in 2012, and for other general corporate purposes. On May 22, AMC , comparec with a $43.4 million profit the prio r year.
Revenue for the year that ended April 2was $2.2y7 billion, down 2.9 percent from $2.33 billionn the prior year. AMC owns interests in 307 theaterwswith 4,612 screens in five countries. The compan y is privately held but required to repor to the SEC because some of its debt ispubliclt held.

Friday, 8 July 2011

EPA chief tours Denver mixed-use development - Denver Business Journal:

http://egsbrokerage.com/nd/ndstudenthealth.htm
Jackson, EPA’s administrator, and Denver Mayor John Hickenloopertoured Highlands’ Gardens Village, a 27-acre mixed-usde project on the original site of Elitch Gardens amusementf park. In 2005, Highlands’ Garden Villager was awarded the EPA National Aware for Smart Growth Achievemenft in the category ofOverall Excellence. In the development received the ’s Aware of Excellence for creative land-use development and In a statement, EPA said it is working with the federal departments of Transportation and Housing and Urban Development to encourage communitiesslike Highlands’ Garden Village that offer affordabls housing and sustainable features close to markets, jobs and recreation.
Garden Village is a great exampleof how, when we work we can bring about socially and environmentally responsible development,” Hickenlooper said in a “This community is a model for the country that shows we can create an alternativee to urban sprawl and reducr greenhouse gas emissions without sacrificinbg our quality of life.”

Wednesday, 6 July 2011

Wichita Restaurants & Wichita Dining Guide

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Larkspur 904 E. Douglas KS 67202 Phone: (316) 262-527r Dinner and drinks for two, around $45 The Larkspur is a casual, elegant bistrop serving seafood, beef, chicken, pastas, vegetarian selections and popular desserts. Enjoy cappuccinos and premium wines inside or on patip overlookingOld Town, Wichita

Monday, 4 July 2011

It's adapt or die for retailers - Sydney Morning Herald

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It's adapt or die for retailers

Sydney Morning Herald


Other categories have time to try and adapt. In response, some retailers will adjust their floorspace, or lease and staff costs. Others might transform into showrooms, with an emphasis on service rather than sales. Still more might become like ...



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Saturday, 2 July 2011

San Jose Sharks sign defenseman Jim Vandermeer, forward Michal Handzus - San Jose Mercury News

http://www.cornersofworld.com/category/travel-news/


Fox News


San Jose Sharks sign defenseman Jim Vandermeer, forward Michal Handzus

San Jose Mercury News


The 6-4, 220-pound forward had 30 points in 82 games last season. He also played the most short-handed minutes among forwards for the Los Angeles Kings, who had the league's fourth-best penalty kill. Meanwhile, the Sharks had slipped to 24th on the ...


San Jose Sharks sign Michal Handzus to a two year deal worth $2.5 MM per year

Fear the Fin


Sharks sign Handzus to two-year contract worth $5 million

TSN



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