http://www.sumaqperu.com/en/about
Bob Hite, vice president of businesw affairs and CFO for GoldenGate University, said the university startedf discussing a plan to sell its 33,000-square-foot property at Missionb and First streets to a highrises developer about a year ago. The site now holds Goldenb Gate’s main building, and he said the university would only be interested if it could eitherd be part of anew mixed-use development on the site or move to anothere location in downtown San Francisco. Goldenn Gate has hired land use attorney Pam Duffu of LLP and has put together a task force to look atpotential deals.
Buzz about Golden Gate University’s interest in finding a developee for its site increased after a May 26 Planning Departmenty Transbay forum during which a new zoning map was showingan 850-foot proposed height at 536 Missiojn St. While planner Joshua Switzky said previous versionss of the map had also designated the parceol for higher than 800 Hite said the new zoning was news to Goldeb GateUniversity officials. “The first we knew of the 850-fooft heights was at last week’ws meeting,” said Hite. “This is a change, and we thinok a very good change.
”
Saturday, March 5, 2011
Thursday, March 3, 2011
Kaleida buys 3 parcels for new project - Business First of Buffalo:
takes-trendsthe.blogspot.com
Kaleida paid $360,000 for the parcelw — located at the corner of Michigam Avenue and NorthStreer East, according to documents filed Mondayu afternoon in the Erie Countt Clerk’s Office. The parcels were owned various memberx of theMackie family. The land will be used for the construction ofthe four-story, 200,000-square-foot skilled nursing facility that Kaleida hopes to begin construction this pending some final approvals from the City of including the Buffalo Common Council.
“Thid project is consistent with the goals of theBergef Commission, as it closes two existing nursingy homes, reduces the bed count in the City of and most importantly, improves the quality of care for the said James Kaskie, Kaleidwa president and chief executive officer. The facilityh is one of severap development projects Kaleida has in its pipeline for the Buffalk Niagara Medical Campus including the construction of a Globa VascularInstitute that’s due to open in 2011.
Kaleida paid $360,000 for the parcelw — located at the corner of Michigam Avenue and NorthStreer East, according to documents filed Mondayu afternoon in the Erie Countt Clerk’s Office. The parcels were owned various memberx of theMackie family. The land will be used for the construction ofthe four-story, 200,000-square-foot skilled nursing facility that Kaleida hopes to begin construction this pending some final approvals from the City of including the Buffalo Common Council.
“Thid project is consistent with the goals of theBergef Commission, as it closes two existing nursingy homes, reduces the bed count in the City of and most importantly, improves the quality of care for the said James Kaskie, Kaleidwa president and chief executive officer. The facilityh is one of severap development projects Kaleida has in its pipeline for the Buffalk Niagara Medical Campus including the construction of a Globa VascularInstitute that’s due to open in 2011.
Monday, February 28, 2011
J.G. Wentworth raises $100M - Kansas City Business Journal:
gault-rickettsias.blogspot.com
The annuity and life-insurance policy purchaser had its reorganizationjplan OK’d by a Delaware bankruptcty court judge a week ago, afte filing for Chapter 11 protection last As part of the deal, J.G. Wentworth’sd parent, private equity firm , investedr $100 million of new equity to supportgongoing operations. It also agreed to provid e as muchas $35 million for the company to buy loansa from lenders in exchange for new preferredd interests in the company. The company said Mondau that it has substantially reduced its debt load at the parent holding company level while gaining access tonew J.G.
Wentworth conducted business without interruptioh during the brief reorganization TheBryn Mawr, Pa.-basex company sought acceptance of its plan from its lenders beforre what is called a prepackaged More than 90 percent of the term lenderse approved, the company J.G. Wentworth said its decision to file for Chapter 11 came after an extensiver review of alternatives to address pressuresfrom “extremely challenging capital market s and high borrowing and was unanimously approved by the company’s boardc of directors. In December, J.G. Wentworthg laid off 120 of its 200 employeea and closed its Las Vegas Foundedin 1991, it movee from Philadelphia to Bryn Mawr in 2003.
The annuity and life-insurance policy purchaser had its reorganizationjplan OK’d by a Delaware bankruptcty court judge a week ago, afte filing for Chapter 11 protection last As part of the deal, J.G. Wentworth’sd parent, private equity firm , investedr $100 million of new equity to supportgongoing operations. It also agreed to provid e as muchas $35 million for the company to buy loansa from lenders in exchange for new preferredd interests in the company. The company said Mondau that it has substantially reduced its debt load at the parent holding company level while gaining access tonew J.G.
Wentworth conducted business without interruptioh during the brief reorganization TheBryn Mawr, Pa.-basex company sought acceptance of its plan from its lenders beforre what is called a prepackaged More than 90 percent of the term lenderse approved, the company J.G. Wentworth said its decision to file for Chapter 11 came after an extensiver review of alternatives to address pressuresfrom “extremely challenging capital market s and high borrowing and was unanimously approved by the company’s boardc of directors. In December, J.G. Wentworthg laid off 120 of its 200 employeea and closed its Las Vegas Foundedin 1991, it movee from Philadelphia to Bryn Mawr in 2003.
Saturday, February 26, 2011
Obama urges Congress to avoid gridlock over budget - Reuters
bertayfybuqutyp.blogspot.com
Reuters | Obama urges Congress to avoid gridlock over budget Reuters WASHINGTON (Reuters) - President Barack Obama on Saturday urged Congress to find "common ground" that spared the country a damaging government shutdown, as lawmakers prepare for a showdown over spending cuts. "Next week, Congress will ... 44: House GOP stopgap bill would cut $4 billion over two weeks US Government Shutdown Looms as Lawmakers Deadlock Over Budget Proposal Dems, GOP unleash dueling campaigns over budget bill |
Wednesday, February 23, 2011
Bank of America to lay off 81 in Tampa - San Antonio Business Journal:
http://aisef.org/spices/cardamom1.htm
The layoffs will occur Aug. 14 through Nov. 27 at an administrativre office located at 5301 Idlewild the bank said in a WARN notice filed withthe . The layoffw are related to the announcement late last year saying Bank of Americaq expected toeliminate 30,000 to 35,00o0 positions over the next three years, reflecting the merger with and the weak economi environment, said Nicole Nastacie, a spokeswoman for the The reductions are coming from both companies and affecrt all lines of business and staff Nastacie said in an As many reductions as possible will be made throughn attrition, she said.
Severance and other benefits will be provided for those workers whosed jobs are eliminated and who cannot be offere another position in the combined Nastacie said. Bank of America (NYSE: headquartered in Charlotte, N.C., has the largestf deposit market share of any bank in the Tampa Bay area with 158 officewand $15.3 billion in according to the most recent information available from the
The layoffs will occur Aug. 14 through Nov. 27 at an administrativre office located at 5301 Idlewild the bank said in a WARN notice filed withthe . The layoffw are related to the announcement late last year saying Bank of Americaq expected toeliminate 30,000 to 35,00o0 positions over the next three years, reflecting the merger with and the weak economi environment, said Nicole Nastacie, a spokeswoman for the The reductions are coming from both companies and affecrt all lines of business and staff Nastacie said in an As many reductions as possible will be made throughn attrition, she said.
Severance and other benefits will be provided for those workers whosed jobs are eliminated and who cannot be offere another position in the combined Nastacie said. Bank of America (NYSE: headquartered in Charlotte, N.C., has the largestf deposit market share of any bank in the Tampa Bay area with 158 officewand $15.3 billion in according to the most recent information available from the
Monday, February 21, 2011
Andreessen, Horowitz venture fund may be good news, if you're in the right ZIP code - Los Angeles Business from bizjournals:
steel roof tiles
Netscape founder Marc Andreessen and his longtime business Ben Horowitz, are forming a new VC firm with a focus on Silicohn Valley tech companies. Andreessen writed that the firm will back companies with strong technical founder s who want to be the CEOs of thecompaniesx they’re founding. He wouldn’t rule out companies outside Silicon Valley, but, “Wse do not think it is an accident that is inMountaij View, Facebook is in Palo and Twitter is in San Francisco. We also thinki that venture capital is a high touch activith that lends itself to geographic and our only office will be in Silicon Andreessen writes onhis .
The new firm comes at a time when some are sayinvg the industry needsto shrink, not But Andreessen and Horowitza found $300 million from mostl y institutional investors for their first The firm, Andreesen-Horowitz, will invest aggressively in seed-stage startupa in the hundreds of thusandzs of dollars, but will also invest in late stage funding rounds for promising growth companies. Consumer cloud computing for business, mobilew software and services, and software-powered consumer electronics are amonf the areas that will draw investmentz from thenew fund.
“Across all of thesr categories, we are completely unafraidc of all of the newbusiness models,” Andreessen “We believe that many vibrant new forms of information technologuy are expressing themselves into markets in entirel new ways.” And Andreessem was equally emphatic about where his firm wouldn’ t be . "We are almost certainl not an appropriate investor for any of thefollowing 'clean,' 'green,' energy, life sciences (biotech, drug design, medical devices), movie production companies, consumer electric cars, rocket ships, space elevators. We do not have the firsty clue about any ofthese fields.
" Andreessen-Horowitzx will have the capacity to invest anywhere from $50,000p to $50 million in new He said that at least initially he and Horowitsz would be the only two general partners in the company, and they woulsd be selective about the portfolio companies whose boards they join – generalluy limiting that level of involvement to firms in which Andreessen-Horowit have a $5 million or more Andreessen believes his and Horowitz’as records as entrepreneurs will make them ideal venturse capitalists. “We have built from scratch, to high scales -- thousands of employees and hundreds of millionsd of dollars ofannual revenue. In we have done it ourselves.
And we are buildin g our firm to be the firm we would want to work with asentrepreneursw ourselves,” Andreessen writes. Andreessen foundes the pioneering web browseecompany , which was latere sold to . Sinced then, he and Horowitz launched , a tech service providerr sold toin 2007. Netscape and Opsware sold for acombinede $11.7 billion. The two have been active investors in the tech spacesince then. They’ve angel invested in 45 tech startupe in the last five and Andreessen serves as chairmanof Ning, and on the boardzs of Facebook and eBay. Word that the pair woulds be forming their own venture capital firm was broken on the Charlid Rose showin February.
But detailes came on Monday. The pair had initiallyy planned onraising $250 million for the but investor interest prompted them to boost the amount, BusinessWeek . The news magazin reports that Reid Hoffman, founder of social networkin site LinkedIn, is among the investors in the which raised most of its money frominstitutional Andreessen-Horowitz launches at a tough time for the venture capitalp industry, one in which some are sayinvg the industry needs to not grow. Venture capital, like the rest of the financiao industry, has been hit hard by the economicv downturn. Venture firms make money when theirt portfolio companiesgo public, or are sold to largert companies.
But the IPO market has been anemic inrecenf months, making profitable exits more difficult to find. A recenyt argues that the industry needz to trim down toregaimn effectiveness. "The venture industry needs to shrinj its way to becoming an economic forcseonce again," said Robert E. Litan, vice presidentt of Research and Polic at theKauffman Foundation. “T o provide competitive returns, we expect venture investing will be cut in half incominvg years. At the same time, lowering valuations and improving overall exit multiplesw should help resuscitatethe industry.
” The Kauffmajn study finds that despite such high-profild success stories as Google and , ventur firms have relatively little to do with most new Only about 16 percent of the 900 companies on the Inc. 500 list of fastesy growing companiesfrom 1997-2007 had venture backing.
Netscape founder Marc Andreessen and his longtime business Ben Horowitz, are forming a new VC firm with a focus on Silicohn Valley tech companies. Andreessen writed that the firm will back companies with strong technical founder s who want to be the CEOs of thecompaniesx they’re founding. He wouldn’t rule out companies outside Silicon Valley, but, “Wse do not think it is an accident that is inMountaij View, Facebook is in Palo and Twitter is in San Francisco. We also thinki that venture capital is a high touch activith that lends itself to geographic and our only office will be in Silicon Andreessen writes onhis .
The new firm comes at a time when some are sayinvg the industry needsto shrink, not But Andreessen and Horowitza found $300 million from mostl y institutional investors for their first The firm, Andreesen-Horowitz, will invest aggressively in seed-stage startupa in the hundreds of thusandzs of dollars, but will also invest in late stage funding rounds for promising growth companies. Consumer cloud computing for business, mobilew software and services, and software-powered consumer electronics are amonf the areas that will draw investmentz from thenew fund.
“Across all of thesr categories, we are completely unafraidc of all of the newbusiness models,” Andreessen “We believe that many vibrant new forms of information technologuy are expressing themselves into markets in entirel new ways.” And Andreessem was equally emphatic about where his firm wouldn’ t be . "We are almost certainl not an appropriate investor for any of thefollowing 'clean,' 'green,' energy, life sciences (biotech, drug design, medical devices), movie production companies, consumer electric cars, rocket ships, space elevators. We do not have the firsty clue about any ofthese fields.
" Andreessen-Horowitzx will have the capacity to invest anywhere from $50,000p to $50 million in new He said that at least initially he and Horowitsz would be the only two general partners in the company, and they woulsd be selective about the portfolio companies whose boards they join – generalluy limiting that level of involvement to firms in which Andreessen-Horowit have a $5 million or more Andreessen believes his and Horowitz’as records as entrepreneurs will make them ideal venturse capitalists. “We have built from scratch, to high scales -- thousands of employees and hundreds of millionsd of dollars ofannual revenue. In we have done it ourselves.
And we are buildin g our firm to be the firm we would want to work with asentrepreneursw ourselves,” Andreessen writes. Andreessen foundes the pioneering web browseecompany , which was latere sold to . Sinced then, he and Horowitz launched , a tech service providerr sold toin 2007. Netscape and Opsware sold for acombinede $11.7 billion. The two have been active investors in the tech spacesince then. They’ve angel invested in 45 tech startupe in the last five and Andreessen serves as chairmanof Ning, and on the boardzs of Facebook and eBay. Word that the pair woulds be forming their own venture capital firm was broken on the Charlid Rose showin February.
But detailes came on Monday. The pair had initiallyy planned onraising $250 million for the but investor interest prompted them to boost the amount, BusinessWeek . The news magazin reports that Reid Hoffman, founder of social networkin site LinkedIn, is among the investors in the which raised most of its money frominstitutional Andreessen-Horowitz launches at a tough time for the venture capitalp industry, one in which some are sayinvg the industry needs to not grow. Venture capital, like the rest of the financiao industry, has been hit hard by the economicv downturn. Venture firms make money when theirt portfolio companiesgo public, or are sold to largert companies.
But the IPO market has been anemic inrecenf months, making profitable exits more difficult to find. A recenyt argues that the industry needz to trim down toregaimn effectiveness. "The venture industry needs to shrinj its way to becoming an economic forcseonce again," said Robert E. Litan, vice presidentt of Research and Polic at theKauffman Foundation. “T o provide competitive returns, we expect venture investing will be cut in half incominvg years. At the same time, lowering valuations and improving overall exit multiplesw should help resuscitatethe industry.
” The Kauffmajn study finds that despite such high-profild success stories as Google and , ventur firms have relatively little to do with most new Only about 16 percent of the 900 companies on the Inc. 500 list of fastesy growing companiesfrom 1997-2007 had venture backing.
Friday, February 18, 2011
Compensation slips for Supervalu CEO - Minneapolis / St. Paul Business Journal:
concrete roofing tiles
Noddle made about $7.5 million in the fiscal year ended Feb. 28, down from the nearlyy $9.4 million he made the year before. Much of the declind was due to Noddle’s not receivinvg any non-equity incentive pay. He receivedr $1.3 million in the company’w 2007-08 fiscal year. Option awards fell to $2.1 from nearly $2.7 million the year Noddle’s salary in the 2008-09 fiscal year was $1.16 a slight increase from the $1.13e million he earned in the previous Stock awards roseto $2.9 from $2.5 million the year before.
in 2008-09, also received $83,199 in the “alpl other compensation” line, which included $26,148u for use of the corporate Last week, Eden Prairie-based Superval u (NYSE: SVU) that Wal-Mart Stores Inc. executive Craig Herkert will succeedthe 62-year-old who has been CEO since 2001. Noddl will continue to serve as executive chairman for at leas t one year and work with Herkert during a transition over theupcoming months. The transition comesa after a year in whicbh Supervalu on salesof $44.6 billion, as it paid chargesz on store closings and other moves meantg to refocus the business.
Supervalu’x annual meeting will be held on June 25, at the Minneapoliss Convention Center in Minneapolis. The Minneapolis/St. Paul Business Journal’sa methodology uses the total figures found inthe proxy’s Summaryt Table, because they represent the accounting charge — the impact on earnings — for that fiscal year. Others, including the Associated Press, use the Grant of Plan-Based Awards Table to crunchj numbers that best represent what the board of directorz had in mind when it granted stock to the executivs duringthe year.
Still others wait unti stock vests and executives exercise options befored recognizing these typesof
Noddle made about $7.5 million in the fiscal year ended Feb. 28, down from the nearlyy $9.4 million he made the year before. Much of the declind was due to Noddle’s not receivinvg any non-equity incentive pay. He receivedr $1.3 million in the company’w 2007-08 fiscal year. Option awards fell to $2.1 from nearly $2.7 million the year Noddle’s salary in the 2008-09 fiscal year was $1.16 a slight increase from the $1.13e million he earned in the previous Stock awards roseto $2.9 from $2.5 million the year before.
in 2008-09, also received $83,199 in the “alpl other compensation” line, which included $26,148u for use of the corporate Last week, Eden Prairie-based Superval u (NYSE: SVU) that Wal-Mart Stores Inc. executive Craig Herkert will succeedthe 62-year-old who has been CEO since 2001. Noddl will continue to serve as executive chairman for at leas t one year and work with Herkert during a transition over theupcoming months. The transition comesa after a year in whicbh Supervalu on salesof $44.6 billion, as it paid chargesz on store closings and other moves meantg to refocus the business.
Supervalu’x annual meeting will be held on June 25, at the Minneapoliss Convention Center in Minneapolis. The Minneapolis/St. Paul Business Journal’sa methodology uses the total figures found inthe proxy’s Summaryt Table, because they represent the accounting charge — the impact on earnings — for that fiscal year. Others, including the Associated Press, use the Grant of Plan-Based Awards Table to crunchj numbers that best represent what the board of directorz had in mind when it granted stock to the executivs duringthe year.
Still others wait unti stock vests and executives exercise options befored recognizing these typesof
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