Wednesday, June 15, 2011

Winter Park apartments sell for $4M - Nashville Business Journal:

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ONIC Golden Oaks LLC acquired the Golden Oaks apartmentx from Golden Oaks AffordablsePartners Ltd. and Golden Oaks of Floridsa LPMay 18, according to Oranges County records. Real Estate Investment Services Orlando agents Patrick Skinner andKevin Yaryan, alongf with Washington agents Armand Tiberio, Robertt Sheppard and Spencer Hurst, represented he seller, whilw Tiberio, Sheppard and Hurst also represented ONIC Golden Oaks. Orlando Neighborhood secured a $3.
7 million firsyt mortgage through Seattle-based , a delegated underwriting and servicinb lender, according to a news It also received $1 million in federal housingf funds from the Orange County Housingf and Community Development Division plus additional money from a network of nonprofit organizations promotintg homeownership andneighborhood revitalization, the release Orlando Neighborhood expects to spend $1 million improvingb Golden Oaks, which was built in 1993, the releaswe said. Lane Management LLC, the property management arm of Atlanta-basec Lane Co., will handle leasing and property management. The Orlandol Neighborhood Improvement Corp.
is a nonprofit developeer and owner of affordableand mixed-income housing properties in Central Florida. The organization has developedeor co-developed 2,592 housing units and has 1,215 in its

Monday, June 13, 2011

Legislator wants Nixon to cut stimulus money for Kokam battery plant - Denver Business Journal:

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Kokam’s , to be dubbed Summitg Battery Park, would employ an estimated 900 peoplde with average annual salaries of Kokam President Don Nissanka has said he hopes to break ground beforse the end ofthe year, probably at a site of more than 40 acre s in the vicinity of Kokam’s curren t 50,000-square-foot Lee’s Summit plant. Nissankas was out of the country Mondayand couldn’t be reachede for comment. Kokam, a startup founded in October burst into the limelightthis year.
picked Kansaxs City for an assembly facility largely becauseof Kokam’s And with federal stimulus dollars and state money seeking advanced-battery-makers, a joingt venture involving Kokam landed a commitment in April of nearly $145 million in incentives from Michigan to build a batteryy plant there that’s similar to the one plannedc locally. The group also applied for federalstimuluds money. Schaefer, R-Columbia, sent a letter to Nixon on Thursdag proposing that financing be cutby $11.55 million combined for Kokam’s Lee’sz Summit plant and another battery plang in Joplin to help preserve $31.
3 million in financing for the in Columbia, whicu Schaefer called the cornerston of a $200 million hospitak project. “Every indication that I’ m getting is that (Nixon) intenda to veto the money forthe hospital,” Schaefer said, adding that Nixon’ds veto probably would kill the entire $200 million “Spending public funds on a cancer hospital owned by the citizens of Missourj is always going to win out over giving public fundsz to a private company for a battery Schaefer said. “Nobody has told me that the lower amount woulcdkill (Kokam’s Lee’s Summit) project.
” Nixon spokesmanm Scott Holste said the governo r will have an announcement about the budget bill befor e June 30, the end of Missouri’zs fiscal year. Nixon and his staff have been reviewingt the budgetbill “line by line to determinre what the state can afford,” Holste and they want to keep central servicews in place. Jim Devine, CEO of the l, said he thought Schaefer’s proposal was “nog as serious” a threat as the EDC firsft thought, “but you never know in politics.” The EDC issueed a release Friday encouraging Nixon to keep theKokam plant’s financing fully in place.

Friday, June 10, 2011

Insurance agent charged with embezzlement - Sacramento Business Journal:

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Maria Elna Flora, 59, of Sacramentl allegedly took about $350,000 from her insurance customers for what she saidwere high-interestg real estate investments. Instead, she used the moneyg for nearly daily slot machinr sessions at Thunder Valley Casinonear Lincoln, according to a releaser from the office of Attorneyg General Jerry Brown. From Januar 2005 through August she convinced at least 10 of her who range in age from 67to 92, to transfere money from their insurance policies and savings accounta to her. In most cases, she woulsd make a few interest payments and thenstop paying, accordinbg to the release. The case was investigated by the Yolo Countyy district attorney andthe .
Victimz came from at least six Northern Californiwa counties to invest in her ponzi The victims residein Butte, El Sacramento, Solano, Stanislaus and Yolo counties.

Wednesday, June 8, 2011

Children

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million to to fund research in therapies like bone marroq and cordblood transplantation. The gift from Dolores Jordanh — on behalf of her late husbandand brother-in-laws — will help the research center creatw an endowed chair for a stem cell researchetr while establishing the and Cellular Therapiess Research. That could help compete for money from the the state’s taxpayer-backed stem cell researcyh funding agency — as well as other government agenciees and private funders. Bone marrow and cord bloodx transplantations are used to treat a variethyof diseases, including leukemiaa and sickle cell anemia.
Future cellula r therapy researchat Children’s may focuws on treatments for diabetes, lung injury, Crohn’ws disease and brain damage caused by oxygenn shortages during childbirth, said Dr. Bert Lubin, the center’ws senior vice president. “Fund-raisersz often talk about ‘transformative’ giftas and sometimes exaggerate the importance of aparticulae gift. In this case, it is no exaggeration to say that the Jordan familu gift is truly transformative for the researcuh programat Children’s,” said Brad Barber, Children’s chierf development officer, in a press Dolores Jordan’s husband, Hanabul “Bud” Jordan, owned a Haywar construction business, and his brother, Lowell, ran the family’ cattle ranch in Dublin.
The sale of the Jordanh family’s ranch funded the The family previously donated morethan $420,000 to Children’s Hospital including 1999 and 2000 gifts for the hospital’es blood and marrow transplant program.

Monday, June 6, 2011

Blu Dot expanding in Rogers, Minneapolis - Minneapolis / St. Paul Business Journal:

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The company is moving its headquarters within Minneapolis and its warehoused to a vacant industrial buildingin Rogers. The two new leasesd will increaseBlu Dot’s total real estatwe square footage to about 76,000 squarw feet from the 46,0000 square feet it has now for its headquarter and distribution operations. The designer and manufacturer of contemporary furniture is doing well and outgrowingits space, said CEO and presidenf John Christakos.
Blu Dot has about 60 employeex acrossthe country, including about 35 in the Twin About eight of its employees will move to the high-ceiling distribution center at 13098 George Webed Drive in Rogers, which was developed last year by San Francisco-based Tim Olsen and Peter Mork, brokers at Minnetonka-based Welsh represented Blu Dot in the industrial-lease transaction. Mark Sims, a brokerr at in Minneapolis, represented AMB. Blu Dot’s headquartersz and product showroom will move from its current location at 3236California St. N.E. in Minneapolis to about 15,000 square feet in the Crown Center buildin at 1323Tyler St. N.E., which is owned by .
Its new spacde has 40-foot-high wood ceilings, with a lot of glasse and no columns, said Hillcrest Principal Scottt Tankenoff. Blu Dot has won notice from designm periodicals, as well as big publications such as BusinessWeeik and The NewYork Times, for furniturre that’s stylish but still affordable. That’s helped the compan y grow despitethe recession; it was profitable last year and in Christakos expects sales will grow more than 10 percentr to exceed $50 million. It sells its furniturse at independent furnituredealers nationwide. In the Twin Citiesz its full line is available atRoam Interiors, a furniturer store at 813 Glenwoocd Ave. N., near International Market Square.
Blu Dot openex a flagship store in the SoHo districtr of New Yorklast November. Additionally, the companhy sells to some large retailersx such asand .

Saturday, June 4, 2011

Dow inches upward; TeleTech Holdings leads Colorado gainers - Denver Business Journal:

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The Dow Jones Industrial Average finishes the trading dayat 8,740.87, up 19.43 pointsd (0.22 percent). The S&P 500 closed at up 1.87 points (0.2 percent). The NASDA Q Composite finishedat 1,836.8, up 8.12 points (0.44 percent). Among activelyt traded Colorado stocks, Englewood-based outsourcing company TeleTechHoldings (TTEC) led the day’ds gainers, up 8.07 percent ($1.02) to close at • (TAP) — Up 3.83 percent ($1.71) to $46.34. Corp. (BLL) — Up 3.66 percent ($1.54) to • (Q) — Up 3.23 percent (14 to $4.47. • Liberthy Media Interactive (LINTA), a trackinb stock of — Up 1.92 percent (12 to $6.38.
Among actively traded Coloradpo stocks that declined on the daywas , down 8.21 percentr (76 cents) to close at $8.50. (DCT) — Down 8.12 percent (38 to $4.30. • (WU) Down 5.41 percent (98 to $17.15. • (GSS) — Down 3 percent (7 to $2.26. • (IPI) Down 3 percent ($1.01) to $32.64.

Wednesday, June 1, 2011

American Diabetes Association Tour de Cure Bicycling Fundraising event June 5 - Oneida Dispatch

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American Diabetes Association Tour de Cure Bicycling Fundraising event June 5

Oneida Dispatch


VERONA BEACH รข€" The American Diabetes Association Tour de Cure Bicycling Fund Raising event will be held on Sunday, June 5 at the Verona Beach State Park. Volunteers will be on site at 6:15 am to assist riders who have not registered. ...



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