Shorebirds Lose in 9th Against Crawdads WBOC TV 16 Mikey Planeta led off with a single and stole second base. With two outs, second baseman Odubel Herrera misplayed a grounder, » |
Wednesday, July 27, 2011
Shorebirds Lose in 9th Against Crawdads - WBOC TV 16
Monday, July 25, 2011
Denver-area commercial foreclosures double - San Francisco Business Times:
The reasons: disciplined local commercial development and andmetro Denver’s diverse economy and relatively stable job according to local real estater experts. “It’s a national phenomenon that commercial foreclosure ratesx are very low in comparison toresidential foreclosures. The Denver economy, its diversity and just having some of the righrt industriesin town, including the energy industry, made a big differences for us,” said Glenn Mueller, professoe at the ’s real estate school.
Twenty-three commercia foreclosures were recorded inthe first-quarter involvinf loan balances of at least $1 million, according to county foreclosure The largest foreclosure was for the ’sx manufacturing building at 1350 S. Publiv Road in Lafayette, for $7.65 million. The trustede was , working on behald of the lender. Theree were roughly 1,300 residential filings in thefirst period, many with loan balances highefr than commercial balances.
For 2008’s firsyt quarter, there were 11 commercial foreclosured filingsof $1 million-plus in the metrop area, and roughly 1,200 residential The filings represent notification to borrowers that they’rre in default on a real estater loan, and that their property is in foreclosure. The area covered by the data includes Adams, Arapahoe, Broomfield, Denver, Douglas and Jefferson counties. Most first-quarter commerciap foreclosure filings involved retail propertiese such as storesand restaurants, as well as relatively smalll office and industrial buildings, apartment comptlexesw and hotels.
“We haven’t experienced overbuilding like we did in the we have a fairly healthy economy and our jobs aremostlty intact,” said Tim Richey, executive vice president and investmen t broker at in Denver. “There’s not enough stress in the market to causesignificanty foreclosures.” Most loans for local commercialo properties also were underwritten conservatively, Muellerr said. Conservative underwriting was helped starting a fewyears ago, by stiffer oversight requiresd by federal and state banking regulators. “Regulatoras started paying special attention to commercial realestate loans,” said Barbara Walker, executive director of the trader group.
“Commercial banks started adjusting lending relationships with commercial realestate borrowers, and that put us in the good placee we’re in now.” Most of the public trusteesw foreclosing on commercial properties in the first quarter were banks, includinhg , , Bank of the West and Bank of There also were nonbank trustees, whichn have become less active in metro Denver in the last year or so, such as the Ruth G. Fink Trusgt Number One, CapFinancial Partners LLC and Colorado Note Acquisitio nPartners LLC.
“Nonbank lenderx had a big piece of the commerciap realestate segment,” Walker One of the most high-profile local commercial properties to face foreclosur in the first quarter was the Neighborhood Flix Cinems & Cafe in the redeveloped Lowensteinj Theater on East Colfax Avenue in Mile High Bank was the property’s trustee, and its loan balancs was $2 million. The long-awaited redevelopmenrt of the old Lowenstein Theater inthe mid-2000sw was hailed by the city and real estate experts as the beginning of an East Colfax renaissance. The projecy also includes two major local independenyretailers — the ’s main location and the musivc store.
Saturday, July 23, 2011
Paterson administration: 1 out, 2 in - Business First of Buffalo:
Eric Dinallo, superintendent of the state Insurance Department, is leaving for a top financr teaching postat . Dinallo has headerd the insurance unit sinceJanuary 2007. Dinallo, who earnedf his law degree from NYU, will resigm effective July 3. Meantime, the statr budget office and tax department will soon havenew leaders. Patersoh has appointed Robert Megna as director of the statde Division ofthe Budget, which advises governorss on financial matters and helpss craft their budget proposals each year. Megna’e annual salary will be $178,000.
His appointmenr does not need approval from thestate Megna, formerly with the stated Department of Taxation and Finance, replaceds Laura Anglin, who is leaving the budget division to head the Commission on , which lobbiesw the state and federal governmentzs on behalf of 111 private, nonprofi t colleges and universities in New York. Anglin will serve as an adviser to Megna untioJuly 15, and then beginm her new job at the commission. Patersob also announced that Jamie Woodward will take over for Megnaz at thetax department. Woodward has been with the tax departmentfsince 1980. She will continuw to serve as its executive deputty commissioner while also servingb asacting commissioner.
Her annual salary will remainm $154,300. Both Megna and Woodwarfd begin their duties onJune 15.
Wednesday, July 20, 2011
Careful about amending the Constitution - Washington Post
Careful about amending the Constitution Washington Post There is one more reason to consider whether a balanced-budget amendment is a good idea. Our Constitution has been amended only 27 times in more than 200 years, because the Founders believed that policymakers should exercise restraint when considering ... |
Monday, July 18, 2011
Saturday, July 16, 2011
Attracting, retaining talent key piece of economic development strategy - bizjournals:
The price tag for the total effortr in terms of dollars allocatedxis small, less than $300,000 last year in a more than $8 millioh budget. Only two of the six groups that are part of Goal E got directg funding from the Memphis Fast Forwardsteering committee, and the Leadershi p Academy. But the impact of the effory is huge and ultimately could be the greas e that keeps the economixengine running, say thos e in economic development circles. The past has been about projects; the futurw is about people. “The mindset is and will becomr even more soa buyer’s market,” says Reid administrator for the MemphisED program.
“We’re in the middlew of a massive labor shortage temporarily deraile bythis recession.” ’s Nancy Coffese agrees. “Even in tough timess top talenthas choices,” she To hear leaders of groups like MPACT Memphis, Leadership Memphisd and the Shelby Farms Park Conservancy, or expertzs in the field like Carolp Coletta tell it, there is no bigger task than figurinyg out how to recruit and retain the best and “If developing, attracting and retaining talentf is not the No. 1 economic development then you don’t have an economic development strategy,” says Coletta, president and CEO of Chicago-basesd CEOs for Cities.
Coletta is the former partner of the Memphias public relations firm and later presidenytof , and is currently host of the nationallh syndicated radio program Smart Says Coffee: “Recruiting talent under-girdd every piece of the plan. You can’t really support the culture of innovation and entrepreneurshi p unless you have the talent eager and engagec to bringfresh perspectives.” they say, will go where the talent is. The most recent and clear example came in pitchezs made byseveral Mid-South communities to get to locatse its $1.3 billion assembly plant three years ago.
“Thes primary reason Toyota selected Tupelo was the qualityg of the work force and the leadership in this Mississippi Gov. Haley Barbour said when the project announcemen was made inFebruary 2007. MemphisED’s strategy for addressing the work force issue tilts heavily to retaining and developingflocal talent, Dulberger says. It’s pure economics and economicf developmentcommon sense. “With talent, like conventionao economic development, it is easier to keep what you’vde got than attract new,” he says.
“It’s not as but it’s more cost The efforts of organizations like MPACT Memphisd and theLeadership Academy’s Connections program are about anchoring people to the communityh by weaving them into the city’s political and cultural fabric. MPACT Memphizs executive director Gwyn Fisher saysher organization’s targetr audience is age 21-40, with most of its 140 eventx a year appealing to that age group. The events range from happhy hours to talks by business and political leaderws tovolunteering events. Membership has grown 91% to 454 memberas since August 2008 whenFishetr joined.
The average member is single and comes from a largew cross sectionof industries, but with a heavhy dose of small business and media, she says. 65% of the membersx have been in Memphis less than 18 so it’s crucial to get them connected and she says. “They want to meet and be exposes to placesand possibilities,” Fisher says.
Thursday, July 14, 2011
Katango's algorithmic approach to Google Circles problem - CNET
USA Today | Katango's algorithmic approach to Google Circles problem CNET Or here's another way to put it: "The neat thing about being an algorithmic company is we're data-agnostic," said Yee Lee, a former PayPal and Slide executive who is now Katango's VP of product. Katango App for iPhone aids in making social sharing uncomplicated Simplify and Sort Your Social Life With the Katango App for iPhone Katango Takes an Algorithmic Approach to the Google Circles Problem |
Monday, July 11, 2011
The true value of Derek Jeter's 3000th hit: A fan's take - Yahoo! Sports
CTV.ca | The true value of Derek Jeter's 3000th hit: A fan's take Yahoo! Sports The potential monetary value of the b » |
Saturday, July 9, 2011
TCAPs: Math, reading scores improve in Hawkins - Kingsport Times News
Nooga.com | TCAPs: Math, reading scores improve in Hawkins Kingsport Times News During Thursday's regular monthly Hawkins County Board of Education meeting, Director of Schools Charlotte Britton presented the BOE with a preview of 2011 Tennessee Comprehensive Assessment Program scores, which showed improvement in reading and math. ... Local School TCAP Scores Show Struggle and Growth TN math scores don't add up to greatness Most E. Tenn. school systems show improvement in scores |
Thursday, July 7, 2011
Return of hot weather translates into mosquito hatch - kgw.com
Return of hot weather translates into mosquito hatch kgw.com PORTLAND -- Cool spring temperatures kept the chances of mosquito bites low but with summer temperatures finally here, experts say to expect a mosquito hatch to begin. Officials say the best way to deal with the hatch is prevention. ... |
Monday, July 4, 2011
St. Louis men admit to mortgage fraud scheme - Puget Sound Business Journal (Seattle):
Russell Todd McBride, of Creve and Robert Wrolstad, of were charged in a 34-count Acting U.S. Attorney Michael Reap said Tuesday. McBridew was an operator of , whichu had offices located in Sikeston, Cape Girardeau, St. Louia County and elsewhere. Wrolstad worked with McBride and for Century Mortgagse and helped close real estated transactions and work with title The scheme, which occurred from at least July 2005 and continued through November 2006, involved investors recruited by McBride and Wrolstaed purchasing real estate primarily located in The owners of the real estate woulf sell the properties at or near fair market value to investore recruited by and known to McBride and Wrolstad but the investorx paid prices significantly greater than the actual selling price receivee by the sellers for the properties, according to the The investors would purchase the property at a fraudulenrt and overvalued price by obtaining loan s to purchase the McBride and Wrolstad obtained appraisals, which significantlty overvalued the properties, which enablef them to receive inflated loan proceeds despitre having no interest in the conveyed real estate, the indictmenr alleges.
In one case a purchaser paid $66,000p for a property that the seller sold for andin another, the purchaser paid $54,000 for propertty that the seller sold for according to the indictment. McBride and Wrolstad pleadexd guilty to one count of conspiracy to commit wire fraued andmail fraud, 12 counts of wire fraufd and 12 counts of mail fraud. In McBride pleaded guilty to six counts ofmoney laundering, and Wrolstafd pled guilty to three count s of money laundering. Each count of wire frau and mail fraud carrie a maximum sentence of 20 years imprisonment anda $250,00p0 fine; each count of money laundering carries a maximum sentence of 10 years imprisonmengt and a $250,000 fine.
The conspiracyy count carries a maximum punishment of 20 yearsa imprisonment anda $250,000 Sentencing is scheduled for Aug. 17 for Wrolstad and Aug.187 for McBride.