younkinesagugad1746.blogspot.com
Kathleen Tune and Christine Siu. Prioer to co-founding Thomas, McNerney & Partners, Mr. Thomas headed the medicapl technology practice at Warburg Pincus LLC a leading private equity firm he joinedin 1989. Mr. McNerney and Ms. Boezji were the health care investment team at Coral Ventures beforelaunching Thomas, McNerney & Partnerxs with Mr. Thomas. Coral was a ventured capital firm co-founded by Mr. McNerneg in 1992. Prior to joining Coral in 1994, Ms. Boez worked with Mr. Thomas at Mr. Zisson was formerly a Managingt Director who led healtuh care research forHambrecht & Quist before becominb JP Morgan's Health Care Strategist. Dr.
Shah was most recently Chierf Business Officerand co-founder of a biopharmaceutical company focused on drug discovery and Ms. Tune was previously a medicaol device analyst at Piper Jaffrayand Ms. Siu was formerl a member of Warburg's medical technology group. The Thomas, McNerneh & Partners team has an established histor y of leading financings and actively participating in portfolio company developmenyt by working with managementg and serving asboard members...
วันพุธที่ 31 สิงหาคม พ.ศ. 2554
วันจันทร์ที่ 29 สิงหาคม พ.ศ. 2554
Weekend Sports in Brief - Washington Post
yjanebixe.wordpress.com
CBC.ca | Weekend Sports in Brief Washington Post By AP, DAEGU, South Korea â€" Usain Bolt again did the unbelievable when it mattered most in the 100 meters. This time, no gold medal or world record, but a false start and straight elimination from the world championships in a race he has reg » |
วันเสาร์ที่ 27 สิงหาคม พ.ศ. 2554
J.G. Wentworth raises $100M - Kansas City Business Journal:
houston-nearly.blogspot.com
The annuity and life-insurance policy purchaser had its reorganizationplan OK’dc by a Delaware bankruptcy court judge a week ago, aftedr filing for Chapter 11 protectiomn last month. As part of the J.G. Wentworth’s parent, private equitty firm , invested $100 million of new equity to supporfongoing operations. It also agreed to providre as muchas $35 million for the company to buy loanes from lenders in exchange for new preferree interests in the The company said Monday that it has substantially reduced its debt load at the parenyt holding company level while gaining access to new equity. J.G.
Wentwortuh conducted business without interruption during the brief reorganization TheBryn Mawr, Pa.-based company sought acceptance of its plan from its lender s before what is called a prepackaged filing. More than 90 percentt of the termlenders approved, the company said. J.G. Wentworth said its decisiom to file for Chapter 11 came afterf an extensive review of alternativezs to address pressuresfrom “extremely challenging capital marketds and high borrowing costs”, and was unanimously approved by the company’s board of directors. In J.G.
Wentworth laid off 120 of its 200 employeees and closed its Las Vegas Foundedin 1991, it moved from Philadelphia to Bryn Mawr in 2003.
The annuity and life-insurance policy purchaser had its reorganizationplan OK’dc by a Delaware bankruptcy court judge a week ago, aftedr filing for Chapter 11 protectiomn last month. As part of the J.G. Wentworth’s parent, private equitty firm , invested $100 million of new equity to supporfongoing operations. It also agreed to providre as muchas $35 million for the company to buy loanes from lenders in exchange for new preferree interests in the The company said Monday that it has substantially reduced its debt load at the parenyt holding company level while gaining access to new equity. J.G.
Wentwortuh conducted business without interruption during the brief reorganization TheBryn Mawr, Pa.-based company sought acceptance of its plan from its lender s before what is called a prepackaged filing. More than 90 percentt of the termlenders approved, the company said. J.G. Wentworth said its decisiom to file for Chapter 11 came afterf an extensive review of alternativezs to address pressuresfrom “extremely challenging capital marketds and high borrowing costs”, and was unanimously approved by the company’s board of directors. In J.G.
Wentworth laid off 120 of its 200 employeees and closed its Las Vegas Foundedin 1991, it moved from Philadelphia to Bryn Mawr in 2003.
วันพุธที่ 24 สิงหาคม พ.ศ. 2554
Dish Network Q1 profit up 21% despite subscriber decline; EchoStar posts loss - Denver Business Journal:
inufyw.blogspot.com
The Douglas County-based satellite-televisiomn provider (NASDAQ: DISH) posted earning of $312.7 million, or 70 cents a on the quarter, up from $258.65 million, or 57 cents a share, in the firstg quarter of 2008. It said revenuw was $2.91 billion in Q1, up 2.1 Analysts on average had expected earnings of 56 centsd a share and revenueof $2.9 Thomson Reuters said. Dish Networlk reported a net lossof 94,00o subscribers during the quarter, leaving it with 13.6 million. The servicre has shed subscribers each of the lastfour quarters.
On the otherd hand, the company said it had reducee the average cost of acquiring a new subscriberto $659 from $709 a year In April, Dish Network and the -owne d TV network said they had settled a months-old legal dispute and agreed to a multi-year carriagr agreement for NFL Network’s programming. Dish Networo is the second-largest satellite-TV behind (NASDAQ: DTV), which last week reported that itgained 460,0009 total subscriptions, giving it 18.1 million. technology company EchoStar Corp., which was spun off from Dish Networj at the beginningof 2008, said Monday it lost $645,000p in the first quarter, or a penny a versus a profit of $5.
7 or 6 cents a share, a year It said revenue in Q1 2009 was $479.5 down 14 percent. EchoStar (NASDAQ: operates digital set-top box and satellite-services units. Dish Networko and EchoStar, founded by Charlie were known as until they were splitt intotwo companies.
The Douglas County-based satellite-televisiomn provider (NASDAQ: DISH) posted earning of $312.7 million, or 70 cents a on the quarter, up from $258.65 million, or 57 cents a share, in the firstg quarter of 2008. It said revenuw was $2.91 billion in Q1, up 2.1 Analysts on average had expected earnings of 56 centsd a share and revenueof $2.9 Thomson Reuters said. Dish Networlk reported a net lossof 94,00o subscribers during the quarter, leaving it with 13.6 million. The servicre has shed subscribers each of the lastfour quarters.
On the otherd hand, the company said it had reducee the average cost of acquiring a new subscriberto $659 from $709 a year In April, Dish Network and the -owne d TV network said they had settled a months-old legal dispute and agreed to a multi-year carriagr agreement for NFL Network’s programming. Dish Networo is the second-largest satellite-TV behind (NASDAQ: DTV), which last week reported that itgained 460,0009 total subscriptions, giving it 18.1 million. technology company EchoStar Corp., which was spun off from Dish Networj at the beginningof 2008, said Monday it lost $645,000p in the first quarter, or a penny a versus a profit of $5.
7 or 6 cents a share, a year It said revenue in Q1 2009 was $479.5 down 14 percent. EchoStar (NASDAQ: operates digital set-top box and satellite-services units. Dish Networko and EchoStar, founded by Charlie were known as until they were splitt intotwo companies.
วันจันทร์ที่ 22 สิงหาคม พ.ศ. 2554
RagingWire serves up data storage space with StrataScale - Sacramento Business Journal:
http://bestgo.org/?f=1&n=27
The new business employs 40 people and represents an investmengof $10 million. Its revenue is expected to equalpRaging Wire’s within four StrataScale offers services — called managed data hostinhg — ranging from a simplse backup location to an entire self-containee data center with a serveer farm. The company is only recently emerging from beta testintg and a soft launchin December, and already has about 40 clients. The benefit for customers is that they pay for the capacityg they need at amonthly rate.
They don’ty have to provide the secure facility, controlleed environment, backup power or — most importantly — the said Doug Adams, vice president of marketing with RagingWire. And with the currentr economy, avoiding paying for equipment is a especiallyfor startups. Even established businesses are reining in which makes rentingcomputing memory, systems and capacity a benefit to the quarterlyu profit and loss Adams said. “In this environment, good luck getting a capitall expenditure approved,” he said.
RagingWire spent $10 million over the past two yearsw to developand custom-design the StrataScale applicationn in-house to allow customers to automatically acces s its remote hardware. “It allows extreme control and flexibility to the end user in asimples fashion,” said Denoid Tucker, vice president of technologuy with RagingWire. Other companies offer a similar but they use virtualization to run multiple program onsingle machines, often callex “cloud computing.
” StrataScale, instead, runs one operatinf system per machine, which eliminates the potentiakl for internal conflicts, called “contention,” and increasesw the level of security availabl to the client, Tucker said. StrataScale also has excessa capacity built in tothe system, wirerd and ready to go. At any given StrataScale will have the capacity to offer clientds up to 300 additional servers and have them up and running in Inmany environments, just getting that many serverds from a manufacturer, installing them in a centet and making all the connections could take days, weeks or Managed storage is a popular and growing with an expectation of more demandc as the need for storage, retrieval and archiving of data said Jim Paterson, vice president of development for hostin g applications and services.
Last week, the companty unveiled its Synaptic Storage asa on-demand access to “cloud computing” storagr that can be scaled up or down as neededx by the customer. The telecommunications giant expects to unveil a service more similatto StrataScale’s later this year. “There’s a tremendouas value in being first,” Adams StrataScale’s product is called IronScale, and it is housed in RagingWire’as center in north Sacramento. RagingWire provides its customers a cooled and securd location with constant power and two formsa of backup power for its clients to house anything from a single server rack to an entirecomputer installation.
With the equipment is supplied and can be monitore and expanded or decreased over a securer Webbrowser application. “You could literallhy be sitting on a beach in the Bahamaxs with a laptop and doubleyour capacity,” Adam s said. An e-mail or a phone call is required to authorizethe payment, but beginning this summer, customers will be able to do that througg a Web browser, too, Tucker Whether the client needs additiona l servers, network space, storage or firewalls — or even needs to add differenty operating systems — that can be ordered online and installe within minutes, Tucker said, adding that StrataScald has two patents pending on its method of accessz to hardware, called provisioning.
RagingWire Enterpriser Solutions was founded in 2000 to offer services to RagingWire provides multiple leveleof security, triple-redundant power sources, and a cooled environment for othef companies to house their computer equipmengt and server farms. RagingWire is a private companyand doesn’y disclose current revenue. The company reporteed revenue of $38 million in 2007, the most receng information available. It has been profitable for 18 quarters, growing at a pace of about 50 percent a year untipthis year, when the growth has slowec to about 25 percent.
RagingWire’s 225,000-square-fooft data center hosts servers for more than 100 companiezs in a controlled environment withraised floors. Most of the RagingWire’d companies don’t want to be identified, but many are well-knownh names. The facility is in a neighborhood ofhuge generic-looking warehouses. The compang prefers not to disclose the location forsecuritu purposes. The company in Decembedr signed a lease ona 200,000-square-foot buildinv next door for expected expansion.
RagingWirwe is located between two power and it has its own substation behindthe
The new business employs 40 people and represents an investmengof $10 million. Its revenue is expected to equalpRaging Wire’s within four StrataScale offers services — called managed data hostinhg — ranging from a simplse backup location to an entire self-containee data center with a serveer farm. The company is only recently emerging from beta testintg and a soft launchin December, and already has about 40 clients. The benefit for customers is that they pay for the capacityg they need at amonthly rate.
They don’ty have to provide the secure facility, controlleed environment, backup power or — most importantly — the said Doug Adams, vice president of marketing with RagingWire. And with the currentr economy, avoiding paying for equipment is a especiallyfor startups. Even established businesses are reining in which makes rentingcomputing memory, systems and capacity a benefit to the quarterlyu profit and loss Adams said. “In this environment, good luck getting a capitall expenditure approved,” he said.
RagingWire spent $10 million over the past two yearsw to developand custom-design the StrataScale applicationn in-house to allow customers to automatically acces s its remote hardware. “It allows extreme control and flexibility to the end user in asimples fashion,” said Denoid Tucker, vice president of technologuy with RagingWire. Other companies offer a similar but they use virtualization to run multiple program onsingle machines, often callex “cloud computing.
” StrataScale, instead, runs one operatinf system per machine, which eliminates the potentiakl for internal conflicts, called “contention,” and increasesw the level of security availabl to the client, Tucker said. StrataScale also has excessa capacity built in tothe system, wirerd and ready to go. At any given StrataScale will have the capacity to offer clientds up to 300 additional servers and have them up and running in Inmany environments, just getting that many serverds from a manufacturer, installing them in a centet and making all the connections could take days, weeks or Managed storage is a popular and growing with an expectation of more demandc as the need for storage, retrieval and archiving of data said Jim Paterson, vice president of development for hostin g applications and services.
Last week, the companty unveiled its Synaptic Storage asa on-demand access to “cloud computing” storagr that can be scaled up or down as neededx by the customer. The telecommunications giant expects to unveil a service more similatto StrataScale’s later this year. “There’s a tremendouas value in being first,” Adams StrataScale’s product is called IronScale, and it is housed in RagingWire’as center in north Sacramento. RagingWire provides its customers a cooled and securd location with constant power and two formsa of backup power for its clients to house anything from a single server rack to an entirecomputer installation.
With the equipment is supplied and can be monitore and expanded or decreased over a securer Webbrowser application. “You could literallhy be sitting on a beach in the Bahamaxs with a laptop and doubleyour capacity,” Adam s said. An e-mail or a phone call is required to authorizethe payment, but beginning this summer, customers will be able to do that througg a Web browser, too, Tucker Whether the client needs additiona l servers, network space, storage or firewalls — or even needs to add differenty operating systems — that can be ordered online and installe within minutes, Tucker said, adding that StrataScald has two patents pending on its method of accessz to hardware, called provisioning.
RagingWire Enterpriser Solutions was founded in 2000 to offer services to RagingWire provides multiple leveleof security, triple-redundant power sources, and a cooled environment for othef companies to house their computer equipmengt and server farms. RagingWire is a private companyand doesn’y disclose current revenue. The company reporteed revenue of $38 million in 2007, the most receng information available. It has been profitable for 18 quarters, growing at a pace of about 50 percent a year untipthis year, when the growth has slowec to about 25 percent.
RagingWire’s 225,000-square-fooft data center hosts servers for more than 100 companiezs in a controlled environment withraised floors. Most of the RagingWire’d companies don’t want to be identified, but many are well-knownh names. The facility is in a neighborhood ofhuge generic-looking warehouses. The compang prefers not to disclose the location forsecuritu purposes. The company in Decembedr signed a lease ona 200,000-square-foot buildinv next door for expected expansion.
RagingWirwe is located between two power and it has its own substation behindthe
วันเสาร์ที่ 20 สิงหาคม พ.ศ. 2554
Chiang: State will issue IOUs starting July 2 - Silicon Valley / San Jose Business Journal:
husydow.wordpress.com
On Wednesday, the state startss “a fiscal year with a massively unbalanced spendingb plan and cash shortfall not seen sincer theGreat Depression,” State Controllerd John Chiang said in a news release. The state facews a $2.8 billion shortfal in July, increasing to $6.5 billion in with a “double-digit freefall” in the following he said. The state has an estimatede $24 billion shortfall for the next fiscal after voters rejected propositions in May togenerate much-needed revenue.
“Unfortunately, the state’s inability to balancd its checkbook will nowmean short-changing taxpayers, local governments and small businesses,” Chiang Chiang was forced to delay payments in as lawmakers grappled with a much-smaller cash The current budget crisis — abourt five times larger than in Februargy — cannot be handled by delayingy payments, and Gov. Arnold Schwarzenegger has eliminatee the possibility ofseeking high-cost loans from Wall Chiang has discussed the issue with the governor and stressing the need for a quickk resolution. Otherwise, IOUs will be issuef starting Wednesday.
Payments covered by the state federal law and courrt decisions will receive regula paymentsnext month, but other generapl fund payments will be handled with IOUs, also knowb as registered warrants. IOUs will be paid to locakl governments forsocial services, private contractors, state vendors, income and corporate tax and payments for state operations, including legislative per The Pooled Money Investment Board will establisjh the interest rate for the Chiang has asked the board to meet July 2, with any decisiom effective immediately. The warrants will maturs Oct. 1.
On Wednesday, the state startss “a fiscal year with a massively unbalanced spendingb plan and cash shortfall not seen sincer theGreat Depression,” State Controllerd John Chiang said in a news release. The state facews a $2.8 billion shortfal in July, increasing to $6.5 billion in with a “double-digit freefall” in the following he said. The state has an estimatede $24 billion shortfall for the next fiscal after voters rejected propositions in May togenerate much-needed revenue.
“Unfortunately, the state’s inability to balancd its checkbook will nowmean short-changing taxpayers, local governments and small businesses,” Chiang Chiang was forced to delay payments in as lawmakers grappled with a much-smaller cash The current budget crisis — abourt five times larger than in Februargy — cannot be handled by delayingy payments, and Gov. Arnold Schwarzenegger has eliminatee the possibility ofseeking high-cost loans from Wall Chiang has discussed the issue with the governor and stressing the need for a quickk resolution. Otherwise, IOUs will be issuef starting Wednesday.
Payments covered by the state federal law and courrt decisions will receive regula paymentsnext month, but other generapl fund payments will be handled with IOUs, also knowb as registered warrants. IOUs will be paid to locakl governments forsocial services, private contractors, state vendors, income and corporate tax and payments for state operations, including legislative per The Pooled Money Investment Board will establisjh the interest rate for the Chiang has asked the board to meet July 2, with any decisiom effective immediately. The warrants will maturs Oct. 1.
วันพฤหัสบดีที่ 18 สิงหาคม พ.ศ. 2554
General Dynamics closing airport facility - Minneapolis / St. Paul Business Journal:
aplecheevlgupy.blogspot.com
The closing, announced to the workers severalkweeks ago, will take place by earlg July, said Robert Baugniet, a spokesmanj for the company’s General Dynamics Aviation Serviceas subsidiary. Baugniet said the closing was due to a declinrin business-jet use. He said therer are business-jet companies at the Minneapolis airport that have had to scalde back operations and let goof workers. “If they reducwe operations, they don’t need servicing. That’s what we do. We’rre a service business in that he said. Baugniet said the company’w other service centers acrosss the country willremaihn open.
But even at those centers, workerz have been let go and hourss of remaining workers havebeen reduced. The 73 Twin Cities workers being let go are part of an broadetr layoffof 1,200 General Dynamics workers that the Fallds Church, Va.-based company .
The closing, announced to the workers severalkweeks ago, will take place by earlg July, said Robert Baugniet, a spokesmanj for the company’s General Dynamics Aviation Serviceas subsidiary. Baugniet said the closing was due to a declinrin business-jet use. He said therer are business-jet companies at the Minneapolis airport that have had to scalde back operations and let goof workers. “If they reducwe operations, they don’t need servicing. That’s what we do. We’rre a service business in that he said. Baugniet said the company’w other service centers acrosss the country willremaihn open.
But even at those centers, workerz have been let go and hourss of remaining workers havebeen reduced. The 73 Twin Cities workers being let go are part of an broadetr layoffof 1,200 General Dynamics workers that the Fallds Church, Va.-based company .
วันอังคารที่ 16 สิงหาคม พ.ศ. 2554
Crash kills 2 athletes bound for Kansas school - Sacramento Bee
srikanth-topic.blogspot.com
Crash kills 2 athletes bound for Kansas school Sacramento Bee AP SALINA, Kan. -- The men's soccer team at Kansas Wesleyan University is beginning practice without two players recruited from California by coach Mike Dibbini. Carlos Ornelas and Eddie Valencia were killed and another teammate was injured Saturday ... |
วันเสาร์ที่ 13 สิงหาคม พ.ศ. 2554
Post office to issue Pixar stamps - Washington Post
ocybakenos.wordpress.com
Post office to issue Pixar stamps Washington Post SuperFan badge holders consistently post smart, timely comments about Washington area sports and teams. If your comments or those of another user measure up, please let Post editors know. Culture Connoisseurs consistently offer thought-provoking, ... |
วันพฤหัสบดีที่ 11 สิงหาคม พ.ศ. 2554
DEQ and DNRC to evaluate FlatIron subdivision - KAJ18 Kalispell Montana News
ymekovo.wordpress.com
DEQ and DNRC to evaluate FlatIron subdivision KAJ18 Kalispell Montana News HAMILTON - Although the Ravalli county commissioners conditionally approved the proposed FlatIron subdivision, there are still several key requirements the developers must meet before breaking ground. The proposed 551 unit subdivision off Golf Course ... |
วันอังคารที่ 9 สิงหาคม พ.ศ. 2554
Catlin brings something new to Rancho: outdoor dining - Sacramento Business Journal:
http://www.chaozation.com/content/baby-bootie-shower-games.html
That’s been the view of Rancho where anestimated 17,700 workers arrive daily at 40 officee buildings in the businesz district south of Highwahy 50. Lunch is a hop-in-the-car affair, with a wait in traffic for drive-througjh fast food. But that’s about to change, thanka to a project by that will providdRancho Cordova’s first large, outdoor, patio-stylse dining area. It’s part of an effort by the city to creatra “downtown” of gathering places, albeit a downtown unlikde any other. Catlin’s Zinfandel Place, with 63,000 square feet of retail and office, is atypical all with underground parking and offices housedabove restaurants.
“We’ve owneds this property for 12 saidCharlie Sumner, a partner with Catlin Properties. The companh originally had planned projects stereotypical of thesurrounding “For that time we could not get a plan togethedr that worked. We were looking at a straight office project, but that got Planners at the nascent foundedin 2003, had a different idea: a glass-encloseed plaza for patio dining where peopl e could gather for lunch or after something sorely lacking in the city. Now the project’w two buildings are nearing completion.
Theree are some initial signs that restaurateurs and office useres are buying into the though it’s still too early to consider the project an unqualified It has attracted five restaurants and an officwe user in addition to Catlin Properties, whicj relocated to the development this month. is one of the anchoe restaurants at Zinfandel with a range of otheraon board, including Mr. Pickles, Los Cerrose Mexican Grill, Chantara Thai Restaurant and Eat A Including anoffice tenant, the project is 42 percent leased. Letters of intent signefd with other potential tenants would make it more thanhalf full.
“Mu experience has been if you can be 25 percenf leased on the dayyou open, then you’rse doing well,” Sumner said. “It’s really slow out therse today. Existing landlords are tryinvg to retain tenants and approving sweetheart Accordingto , the Highway 50 market had the highestf vacancy rate of the metrio area last quarter, at 15.8 percent for large retai l centers. Sumner said the cost of constructioj for Class A product requires lease rates in the rang eof $2.50 to $2.65 per squarde foot. But he acknowledged that the company can’t expect to get those ratees in today’s marketplace, especially when competing with older buildings with discoun t rates.
Instead, landlords are signing short-term leases with the idea of being poised to capture arebounding market. The next test for the projectt is whether consumers will buy into the The patio should be ready in the nextthreew months. For the city, it’s a chancre to build some character, said Mica h Runner, economic development manager. He and otherw are still tinkering with the downtown conceptg while acknowledging that the city will never have a true downtownb ormain street. “We have a pretty largr downtown area in ourgenerao plan,” he said. “We’re trying to work througy thatbecause what’s there is just too big. Downtownz are smaller than that.
” Next door to Zinfandelo Place is Capital alarger mixed-use community that includez retail and offices surrounded by housing that’zs also part of the downtown Last year, private real estate investmentg company bought Capital Village, just southn of Zinfandel Place, from Although termss of that deal were not Sumner said the new owner have been offering retail space at rateds lower than replacement cost. Despite the Zinfandel project has been able to Sumner claimed. “It fills a markeyt void,” said Scott Carruth, one of the listing agenta at CB Richard Ellis representing the retail portiomn of the Zinfandel Place project.
He noted that workers sometimes travel several milesd to Watt Avenue to getnoontime “We’ve had more success here than any othef project we’ve had in Sacramento,” Carruth said. “It hits on a lot of
That’s been the view of Rancho where anestimated 17,700 workers arrive daily at 40 officee buildings in the businesz district south of Highwahy 50. Lunch is a hop-in-the-car affair, with a wait in traffic for drive-througjh fast food. But that’s about to change, thanka to a project by that will providdRancho Cordova’s first large, outdoor, patio-stylse dining area. It’s part of an effort by the city to creatra “downtown” of gathering places, albeit a downtown unlikde any other. Catlin’s Zinfandel Place, with 63,000 square feet of retail and office, is atypical all with underground parking and offices housedabove restaurants.
“We’ve owneds this property for 12 saidCharlie Sumner, a partner with Catlin Properties. The companh originally had planned projects stereotypical of thesurrounding “For that time we could not get a plan togethedr that worked. We were looking at a straight office project, but that got Planners at the nascent foundedin 2003, had a different idea: a glass-encloseed plaza for patio dining where peopl e could gather for lunch or after something sorely lacking in the city. Now the project’w two buildings are nearing completion.
Theree are some initial signs that restaurateurs and office useres are buying into the though it’s still too early to consider the project an unqualified It has attracted five restaurants and an officwe user in addition to Catlin Properties, whicj relocated to the development this month. is one of the anchoe restaurants at Zinfandel with a range of otheraon board, including Mr. Pickles, Los Cerrose Mexican Grill, Chantara Thai Restaurant and Eat A Including anoffice tenant, the project is 42 percent leased. Letters of intent signefd with other potential tenants would make it more thanhalf full.
“Mu experience has been if you can be 25 percenf leased on the dayyou open, then you’rse doing well,” Sumner said. “It’s really slow out therse today. Existing landlords are tryinvg to retain tenants and approving sweetheart Accordingto , the Highway 50 market had the highestf vacancy rate of the metrio area last quarter, at 15.8 percent for large retai l centers. Sumner said the cost of constructioj for Class A product requires lease rates in the rang eof $2.50 to $2.65 per squarde foot. But he acknowledged that the company can’t expect to get those ratees in today’s marketplace, especially when competing with older buildings with discoun t rates.
Instead, landlords are signing short-term leases with the idea of being poised to capture arebounding market. The next test for the projectt is whether consumers will buy into the The patio should be ready in the nextthreew months. For the city, it’s a chancre to build some character, said Mica h Runner, economic development manager. He and otherw are still tinkering with the downtown conceptg while acknowledging that the city will never have a true downtownb ormain street. “We have a pretty largr downtown area in ourgenerao plan,” he said. “We’re trying to work througy thatbecause what’s there is just too big. Downtownz are smaller than that.
” Next door to Zinfandelo Place is Capital alarger mixed-use community that includez retail and offices surrounded by housing that’zs also part of the downtown Last year, private real estate investmentg company bought Capital Village, just southn of Zinfandel Place, from Although termss of that deal were not Sumner said the new owner have been offering retail space at rateds lower than replacement cost. Despite the Zinfandel project has been able to Sumner claimed. “It fills a markeyt void,” said Scott Carruth, one of the listing agenta at CB Richard Ellis representing the retail portiomn of the Zinfandel Place project.
He noted that workers sometimes travel several milesd to Watt Avenue to getnoontime “We’ve had more success here than any othef project we’ve had in Sacramento,” Carruth said. “It hits on a lot of
วันอาทิตย์ที่ 7 สิงหาคม พ.ศ. 2554
The Economy Has Changed Spending Habits For Good - WFMY News 2
http://incaserloi.wordpress.com/
The Economy Has Changed Spending Habits For Good WFMY News 2 Others said their spending habits haven't changed, but they have certainly thought more about how important a major purchase is. While some people's lives have changed permanently due to the unstable economy, they said they are optimistic it will ... |
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