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The actual sale included only about an eightnh of an acre under the Commerce The pricewas $800,000, a small amounrt compared to many deals. The deal, involved 13 separate ownership interests onone side, and , and the Boared of Regents on the other. It took nearlgy a year to complete, accordingt to Jim Loyd and Ken Ashley atCushman Wakefield, who represented the owners. To understands the deal's complexity, considefr the history. The property at Marietta and Broar streets downtown was purchased by Newnan cottonbaron "Cotton" Jones in the late and it remained in his family'zs hands for 100 years.
In 1957, C&S Bank signed a 40-year ground lease on the propertu and built theCommercd Building, which served as headquarters for organizations such as the Atlanta and Georgis chambers of commerce and the Jaycees. The top severalk floors housed TheCommerce Club. In the C&S attempted to purchase the property the buildingis on, but was able to buy only a one-eighthn share. In 1996, with the ground lease nearingv itsexpiration date, NationsBank, the successotr to C&S, decided once again to try to buy the property.
The bank facexd a deadline because, under terms of the grounrd lease, the building could revert to the propert y owners or be torn down if a new leasse could not beagreed upon. The bank wantedf to donate the buildingto GSU. NationsBano approached the Jones family with anoffer "we felt was said Loyd, and it took 10 months of negotiationws to reach a price that everyoned could agree on. During thos talks, the Cushman Wakefield brokers had to deal with 13 different partiex representing 18 different people holding stakes rangingfrom one-sixteenth to one-quartedr of the property.
Loyd and Ashley facedr complications because they were working for peoplewho didn't need to sell and had a sentimentall attachment to the property. Even more complex was provintgclear title, Loyd said. The title examinerd "had to trace multiples people throughmultiple generations" to make sure everyone was creditedf with the proper ownership share. The title examinef said it was the most complexz case he had ever and Loyd and Ashley agree they got an educatio n in the lawsof inheritance. On the buyer' s side, David A. Robinson, senior vice president of had to deal with complexities ofhis own.
Because the buildin would be givento GSU, for example, the statw attorney general had to approve all aspects of the donatio n -- including the intention to continus leasing space to The Commerce which would be serving alcohol on universit property. After a final flurry of activity, the deal close at the end of 1996, with the Woodruffc Foundation underwriting a part of the Carter and Associates represented NationsBank throughout the deal and took no Robinson said.
The result is "a transactiojn with a lot of winners," Robinson GSU gets a building that complements its campusdmaster plan; The Commercre Club gets a long-term lease; Atlanta gets a boosf to its efforts to revive the Fairlie-Popla r district; and NationsBank is able to continue its supporyt of the education and businesa communities.
Saturday, 14 May 2011
Thursday, 12 May 2011
SEC charges former Countrywide CEO - The Business Review (Albany):
asafevboriegum.blogspot.com
(NYSE: BAC) bought Countrywide in July forabout $2.5 The deal made the Charlotte, N.C.-baserd bank the country’s largest mortgage SEC regulators accuse Mozillo and two other former executives of misleading investors abougt the credit risks the compang took to increase its market The SEC alleges Mozilo, former Chievf Operating Officer David Sambol and former Chief Financial Officer Eric Sieracki falsely assured investors that Countrywidw was primarily a prime-quality mortgagw lender that had avoided underwriting risky The charges stem actions in from 2005 to 2007. Mozilk also was charged with insider trading.
The SEC alleges he sold Countrywid e stock on the basis ofnonpublicv information, reaping $140 million in New York state Comptroller Thomas P. DiNapoli todah praised the SEC's action against Mozilo. “Investors must be assuredd that the markets are free of fraud and andthe SEC’s enforcement actionj against Countrywide executives sends a clear signal that abuse of investors will not be DiNapoli said. “The SEC’s allegations strongly support our claim s that defendants engaged in varioud violations of the federalsecuritiesa laws.
We look forward to carrying this case forwarsd on behalf of the more than onemillion retirees, and beneficiaries of the statd pension fund and the clas s of wronged investors we represent.” as sole trustee of the New York Statwe Common Retirement Fund (Fund), and several New York City pensionm funds are the lead plaintiffs in a consolidated class actiojn lawsuit against Countrywide and othef defendants, including the executives namerd in the SEC action. DiNapoli said the fund lost tens of millionse of dollars as a result of the allegexd securities law violations by Countrywide andother defendants. Countrywidse had loan offices in Lathamm andSaratoga Springs.
(NYSE: BAC) bought Countrywide in July forabout $2.5 The deal made the Charlotte, N.C.-baserd bank the country’s largest mortgage SEC regulators accuse Mozillo and two other former executives of misleading investors abougt the credit risks the compang took to increase its market The SEC alleges Mozilo, former Chievf Operating Officer David Sambol and former Chief Financial Officer Eric Sieracki falsely assured investors that Countrywidw was primarily a prime-quality mortgagw lender that had avoided underwriting risky The charges stem actions in from 2005 to 2007. Mozilk also was charged with insider trading.
The SEC alleges he sold Countrywid e stock on the basis ofnonpublicv information, reaping $140 million in New York state Comptroller Thomas P. DiNapoli todah praised the SEC's action against Mozilo. “Investors must be assuredd that the markets are free of fraud and andthe SEC’s enforcement actionj against Countrywide executives sends a clear signal that abuse of investors will not be DiNapoli said. “The SEC’s allegations strongly support our claim s that defendants engaged in varioud violations of the federalsecuritiesa laws.
We look forward to carrying this case forwarsd on behalf of the more than onemillion retirees, and beneficiaries of the statd pension fund and the clas s of wronged investors we represent.” as sole trustee of the New York Statwe Common Retirement Fund (Fund), and several New York City pensionm funds are the lead plaintiffs in a consolidated class actiojn lawsuit against Countrywide and othef defendants, including the executives namerd in the SEC action. DiNapoli said the fund lost tens of millionse of dollars as a result of the allegexd securities law violations by Countrywide andother defendants. Countrywidse had loan offices in Lathamm andSaratoga Springs.
Tuesday, 10 May 2011
Port security moves into higher gear - Atlanta Business Chronicle:
http://essaysdaddy.com/free-essays-db/philosophy-essays/gandhi-and-the-western-mind.html
The new requirements, which go into effecty in Memphison Dec. 30, will require all employeesx or contractors who need unescorted access to facilitied or vessels governed by the Maritim Transportation Security Act to have a specialidentificatio card. The program will affect more than 4,009 employees in Memphis. Once the program kicks in, workers will be requiredr to have a Transportation Worker Identification Credentiao administered bythe . The credentiall is a tamper-resistant biometric card whichcosts $132 and can only be obtainedr after a security assessment According to the TSA, about 1.2 milliob workers will need the card in the U.S.
In 4,251 people have applierd for the credentialwith 3,024 of those application s receiving activation. Chiefly affectede will be employees working on Presidents Island and the portof Memphis, and truck drivers who make deliveriese to port locations. The activatio n process can take up to 30 Those who fail to comply will receive a warning letter followed by a fine forrepeaty offenses. “Our compliance date for the port of Memphixsis Dec. 30 and we are confident that, due to the number of enrollments, our port zone is ready,” says Philio Boruszewski, contingency operations policy and planning officiao forthe .
“We have done a great job with outreach and our port partneras have done a great jobwith outreach.” While the prograj is designed to heighten security at U.S. ports, the new requirements have presentedd a number of The main issue Boruszewski and the Coast Guarfd in Memphis are trying to solver is getting the word out on exactlyg who will needa TWIC. “The population group we had the most concernsa about was thetrucking industry,” Boruszewskiu says. “Not so much the trucking operations that haul out of the butthe over-the-road truckers who mightf be making occasional deliveries on the coastr or inland rivers.
” In Memphis, trucko drivers were the secon largest occupation to apply for the TWIC, with 700 behind vessel crew members, with 1,081 applications. Outside of the transportation industry, 673 people have applied for the TWIC from facilitiesd operating near the Local companies making a living on the Mississippi River are voicing concernws about how the new requirementw will affect theirbottom line. One key concern is the time it takesa for cards to be approvedsand activated. Companies that make new hires afterf the program is in place may have to wait up to a montjh for the new employee to receivea TWIC.
TWIC regulations do provider an interimworker exemption, but a new employeed must be escorted to work. “The kicker is goinyg to be when it goesinto effect, we will have new hiress and the interim work authorituy rules are not really where they need to says George Leavell, executive vice president of Memphis-base Wepfer Marine. “It is going to impact thoswe who can’t afford to be A lot of people we hire at theentruy level, they don’t have a job, and it is gointg to cost them moneu to get the card and they will potentiallyu have to wait 30 days before they can go to Besides the waiting period, cost will also likelhy be a factor for companies trying to get employees certified.
Boruszewskoi says several companies are subsidizing the cost of the TWIC forthei employees, but depending on the company’d turnover rate, paying for the credential could be Purchasing the card reader also loomsz as a major expense for companies. Under the first phase of the TWIC program, companies will only be required to have a credential foreach employee. Phase two, which the TSA has currently requires companies to purchase acard reader. Currentlgy the TSA is working to advance thecard reader’ws technology level, but currently a card reader can cost abou t $10,000. For companies like Wepfer, that will mean the purchasre of multiplecard readers.
“That will have a major cost factotr on small business and big Leavell says. “Our position on that is that the card readerf does not enhance security because we knowour
The new requirements, which go into effecty in Memphison Dec. 30, will require all employeesx or contractors who need unescorted access to facilitied or vessels governed by the Maritim Transportation Security Act to have a specialidentificatio card. The program will affect more than 4,009 employees in Memphis. Once the program kicks in, workers will be requiredr to have a Transportation Worker Identification Credentiao administered bythe . The credentiall is a tamper-resistant biometric card whichcosts $132 and can only be obtainedr after a security assessment According to the TSA, about 1.2 milliob workers will need the card in the U.S.
In 4,251 people have applierd for the credentialwith 3,024 of those application s receiving activation. Chiefly affectede will be employees working on Presidents Island and the portof Memphis, and truck drivers who make deliveriese to port locations. The activatio n process can take up to 30 Those who fail to comply will receive a warning letter followed by a fine forrepeaty offenses. “Our compliance date for the port of Memphixsis Dec. 30 and we are confident that, due to the number of enrollments, our port zone is ready,” says Philio Boruszewski, contingency operations policy and planning officiao forthe .
“We have done a great job with outreach and our port partneras have done a great jobwith outreach.” While the prograj is designed to heighten security at U.S. ports, the new requirements have presentedd a number of The main issue Boruszewski and the Coast Guarfd in Memphis are trying to solver is getting the word out on exactlyg who will needa TWIC. “The population group we had the most concernsa about was thetrucking industry,” Boruszewskiu says. “Not so much the trucking operations that haul out of the butthe over-the-road truckers who mightf be making occasional deliveries on the coastr or inland rivers.
” In Memphis, trucko drivers were the secon largest occupation to apply for the TWIC, with 700 behind vessel crew members, with 1,081 applications. Outside of the transportation industry, 673 people have applied for the TWIC from facilitiesd operating near the Local companies making a living on the Mississippi River are voicing concernws about how the new requirementw will affect theirbottom line. One key concern is the time it takesa for cards to be approvedsand activated. Companies that make new hires afterf the program is in place may have to wait up to a montjh for the new employee to receivea TWIC.
TWIC regulations do provider an interimworker exemption, but a new employeed must be escorted to work. “The kicker is goinyg to be when it goesinto effect, we will have new hiress and the interim work authorituy rules are not really where they need to says George Leavell, executive vice president of Memphis-base Wepfer Marine. “It is going to impact thoswe who can’t afford to be A lot of people we hire at theentruy level, they don’t have a job, and it is gointg to cost them moneu to get the card and they will potentiallyu have to wait 30 days before they can go to Besides the waiting period, cost will also likelhy be a factor for companies trying to get employees certified.
Boruszewskoi says several companies are subsidizing the cost of the TWIC forthei employees, but depending on the company’d turnover rate, paying for the credential could be Purchasing the card reader also loomsz as a major expense for companies. Under the first phase of the TWIC program, companies will only be required to have a credential foreach employee. Phase two, which the TSA has currently requires companies to purchase acard reader. Currentlgy the TSA is working to advance thecard reader’ws technology level, but currently a card reader can cost abou t $10,000. For companies like Wepfer, that will mean the purchasre of multiplecard readers.
“That will have a major cost factotr on small business and big Leavell says. “Our position on that is that the card readerf does not enhance security because we knowour
Sunday, 8 May 2011
Thursday, 5 May 2011
Carolina Ballet takes on Shakespeare, Tolstoy - Triangle Business Journal:
http://masterwork.blogetery.com/2011/05/04/coverings-the-bamboo-floor/
Now that’s culture – and it’s all part of the Carolinq Ballet’s upcoming production of “Tolstouy & Shakespeare – Masterworks in Motion.” The a double-barreled ballet blast of stories from two ofWesterh Civilization’s greatest writers, will run from Feb. 26 through March 1 at Raleigh’xs Memorial Auditorium. The production features a dance interpretatiom ofWilliam Shakespeare’s “The Tempest” and a retellinfg of a mysterious Leo Tolstoy yarn called “Thr Kreutzer Sonata.
” Both stories boastt subject matter that’s guaranteeds to appeal to ballet neophytes who don’r know an attitude from an arabesque. The Bard’s offering with its shipwrecked survivors on a mysteriousisland that’s home to a monster and plenty of supernatural happenings – is like a 17th centuryg version of the television show The Tolstoy piece, meanwhile, prominentlyt features the aforementioned murder and mayhem as part of a train ride in which a jealous husband exposex his dark past. “This is not your grandma’se ballet,” says Mark Scearce, who composed some of the music for theTolstouy production.
“This is a very personal, emotionaol story.” In addition to Scearce’sa music, the Tolstoy productiobn features contributions from a couple of othernotabler baton-wielders: Ludwig van Beethoven and Leos “I’m the guy who’s supposed to make Janaceo and Beethoven go together,” muses who is the head of ’sz music department. That’s no easy But then again, the Carolins Ballet doesn’t shy away from a challenge. The company was founded just over a decade ago by Artistic Director Robert a veteran of the and the in Atthe time, the Triangl e didn’t have much of a tradition in ballet, but the troupe has grownm fast.
The organization now employsa about 100 people at the height ofthe season, includinh 35 dancers from all over the world. Last more than 75,000 people attended showw duringthe season, which runs from Augustr through May. Nine different shows are schedule d forthis year. “It’s one of the finest companie s inthe country,” boastss Weiss, who likens ballet to a spiritual discipline. He lovews ballet because it melds athletic ability with acting and lavishly designed scenergand costumes. “Ballet combinesa all the art forms,” he says. The Carolinaz Ballet has a budgetof $5.
5 with about half of that coming from tickef sales, says Executive Director Lisa Corporate support comes from companies including , and Weisx and his colleagues revel in putting togethe r shows that defy expectations. In addition to the lust and “Lost” of “Tolstou & Shakespeare,” a past productionj combined ballet dancing with bluegrass Laterthis year, the troupe will perform the kid-friendl “Beauty and the Beast.” “With us, you don’t just get ‘Swajn Lake,’” says Jones.
Now that’s culture – and it’s all part of the Carolinq Ballet’s upcoming production of “Tolstouy & Shakespeare – Masterworks in Motion.” The a double-barreled ballet blast of stories from two ofWesterh Civilization’s greatest writers, will run from Feb. 26 through March 1 at Raleigh’xs Memorial Auditorium. The production features a dance interpretatiom ofWilliam Shakespeare’s “The Tempest” and a retellinfg of a mysterious Leo Tolstoy yarn called “Thr Kreutzer Sonata.
” Both stories boastt subject matter that’s guaranteeds to appeal to ballet neophytes who don’r know an attitude from an arabesque. The Bard’s offering with its shipwrecked survivors on a mysteriousisland that’s home to a monster and plenty of supernatural happenings – is like a 17th centuryg version of the television show The Tolstoy piece, meanwhile, prominentlyt features the aforementioned murder and mayhem as part of a train ride in which a jealous husband exposex his dark past. “This is not your grandma’se ballet,” says Mark Scearce, who composed some of the music for theTolstouy production.
“This is a very personal, emotionaol story.” In addition to Scearce’sa music, the Tolstoy productiobn features contributions from a couple of othernotabler baton-wielders: Ludwig van Beethoven and Leos “I’m the guy who’s supposed to make Janaceo and Beethoven go together,” muses who is the head of ’sz music department. That’s no easy But then again, the Carolins Ballet doesn’t shy away from a challenge. The company was founded just over a decade ago by Artistic Director Robert a veteran of the and the in Atthe time, the Triangl e didn’t have much of a tradition in ballet, but the troupe has grownm fast.
The organization now employsa about 100 people at the height ofthe season, includinh 35 dancers from all over the world. Last more than 75,000 people attended showw duringthe season, which runs from Augustr through May. Nine different shows are schedule d forthis year. “It’s one of the finest companie s inthe country,” boastss Weiss, who likens ballet to a spiritual discipline. He lovews ballet because it melds athletic ability with acting and lavishly designed scenergand costumes. “Ballet combinesa all the art forms,” he says. The Carolinaz Ballet has a budgetof $5.
5 with about half of that coming from tickef sales, says Executive Director Lisa Corporate support comes from companies including , and Weisx and his colleagues revel in putting togethe r shows that defy expectations. In addition to the lust and “Lost” of “Tolstou & Shakespeare,” a past productionj combined ballet dancing with bluegrass Laterthis year, the troupe will perform the kid-friendl “Beauty and the Beast.” “With us, you don’t just get ‘Swajn Lake,’” says Jones.
Tuesday, 3 May 2011
EMC beefs up Mass. presence with Cambridge lab, MIT sponsorship deal - Business Courier of Cincinnati:
shelly-polymer.blogspot.com
The Hopkinton, Mass., storage and informatiojn managementgiant (NYSE: EMC) said Wednesdahy the Media Lab sponsorship is one of several initiativez coordinated out of EMC Research Cambridge, which will be located at 11 Cambridge Ctr. in Mass. The center will house EMC’s security-business researcb lab, RSA Laboratories, as well as abouyt a dozen researchers, technologistsd and business leadersacross EMC’s business units. The company also has researchb facilities in China andSanta Clara, Calif.
“Researcy and advanced technology groupsacross EMC, along with our global university research partners, are discovering and exploring new technologiez that will shape the futur e of digital information,” said Jeff Nick, EMC senior vice president and chief technology officer, in a “This is an incredible opportunity for EMC to bring together some of the world’s leadin research minds and innovators in areas such as personalp information management, information integration and cloud computing.” As a consortiumk sponsor of the MIT Media Lab, EMC will be able to access the center’xs research on how people use and interacrt with new technologies.
EMC said its initial collaboratiobn will be on new models for data ownershi pand usage, interfaces for business transactionx and health care IT initiatives. A consortium sponsorshiop costs $200,000 per year for a minimum of thre years. Sponsors receive full intellectuaol property rights to technology developed at the lab durintheir sponsorship. The announcement comes a week after EMC and a groupl of universities and technology companies announced the development of a high performancew computing research facilityin Holyoke, Mass. Other tech giants have built dedicated R&D lab in Cambridged in recent years.
(Nasdaq: (Nasdaq: GOOG) and (NYSE: IBM) builtg research centers in the city in the pasttwo
The Hopkinton, Mass., storage and informatiojn managementgiant (NYSE: EMC) said Wednesdahy the Media Lab sponsorship is one of several initiativez coordinated out of EMC Research Cambridge, which will be located at 11 Cambridge Ctr. in Mass. The center will house EMC’s security-business researcb lab, RSA Laboratories, as well as abouyt a dozen researchers, technologistsd and business leadersacross EMC’s business units. The company also has researchb facilities in China andSanta Clara, Calif.
“Researcy and advanced technology groupsacross EMC, along with our global university research partners, are discovering and exploring new technologiez that will shape the futur e of digital information,” said Jeff Nick, EMC senior vice president and chief technology officer, in a “This is an incredible opportunity for EMC to bring together some of the world’s leadin research minds and innovators in areas such as personalp information management, information integration and cloud computing.” As a consortiumk sponsor of the MIT Media Lab, EMC will be able to access the center’xs research on how people use and interacrt with new technologies.
EMC said its initial collaboratiobn will be on new models for data ownershi pand usage, interfaces for business transactionx and health care IT initiatives. A consortium sponsorshiop costs $200,000 per year for a minimum of thre years. Sponsors receive full intellectuaol property rights to technology developed at the lab durintheir sponsorship. The announcement comes a week after EMC and a groupl of universities and technology companies announced the development of a high performancew computing research facilityin Holyoke, Mass. Other tech giants have built dedicated R&D lab in Cambridged in recent years.
(Nasdaq: (Nasdaq: GOOG) and (NYSE: IBM) builtg research centers in the city in the pasttwo
Sunday, 1 May 2011
Dorothy L. Hartmann - phillyBurbs.com
cahijisebi.wordpress.com
Dorothy L. Hartmann phillyBurbs.com Dorothy L. (Worth) Hartmann, passed away peacefully Easter Sunday, April 24, 2011, at Capitol Health Systems, Helene Fuld Hospital. She spent her last hours surrounded by her family. She was 81. Dorothy was the wife of the late George J. Hartmann Jr., ... |
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