Ethiopia seeks topographic survey of Lake Tana sub-basin HydroWorld ADDIS ABABA, Ethiopia 12/13/11 (PennWell) -- Ethiopia's Ministry of Water and Energy invites expressions of interest from consultants to perform a topographic survey of the Lake Tana sub-basin flood plain in Ethiopia. Responses are due December 26. ... |
Friday, December 30, 2011
Ethiopia seeks topographic survey of Lake Tana sub-basin - HydroWorld
edibin.wordpress.com
Tuesday, December 27, 2011
FAR: Florida home sales up again - Houston Business Journal:
coras-newport.blogspot.com
Even better news: The statewide mediaj sales price in May for existing homexs and condos rose over theprevious month, according to the . "Evetr since March we have seen a pretty dramatixc increase in the number of saidBill Richardson, districg sales manager for in Boca Raton. "We have also seen a slightf uptick inmedian pricing," he In South Florida, Miami led the pack in volumre with a 76 percent increase in the sale of existiny single-family homes. That translatexs to 597 homes soldin May, comparee to 339 in the previous same-year period. In Miami, the mediam price for an existing single-family home fell 36 percentr to $194,700 in May from $329,900 a year ago.
The good news is that the mediabn pricerose $17,700 from April, when it was Miami also led in condo sales, which were up 36 percent to 571 unitzs from 420 a year ago. The medianj price, however, was cut in half to $140,40 from $280,700 a year ago. However, it was up $6,900 from when the median priceewas $133,500. Existing home sales in Fort Lauderdale rose 47 percent to 780in May, compared to 530 home sold during the same time a year ago. But the median price fell 36 percentto $190,000 from And, it was down slightly from April'zs median price of $191,300. Condo sales in Fort Lauderdale were up 25 percenrt to 799 unitslast month, up from 639 a year ago.
The mediah price fell 42 percenrto $80,400 from $138,900, but was up slightlyy from April's median price of $79,900. Existing home sales in West Palm Beacuh inched up 5 percent to 737 from 702 ayear ago. The mediam price of a single-family home fell 30 percent to $232,909 from $330,900, and was down slightly from April'sx median price of $234,400. Existing condoi sales in West Palm Beach rose just 3 percent to 676 from 655 unitsz ayear ago. The median price of an existin condo fell 33 percentto $107,500 from but was up $9,3090 from April's median price of $98,200.
Richardsomn said the housing inventory in Palm Beach Countyh has fallen to around 11 or 12 months from a high in December 2007 of about 55 The question Richardson hears from most buyers is when will wehit bottom? "I think we are at the Do I think the bottojm will rise dramatically? I think we will rumble alonb the bottom for a while," he The one "fly in the ointment" is the backlog in the distressede property market, noted Richardson. Real estate analyst Jack McCabe "The biggest wave of foreclosures is yet to he said. Add to that the fact that statewided unemployment has risento 10.2 percent, and McCabre foresees even more foreclosure filings down the road.
existing home sales rose 16 percent in May with a total of 13,921 homes sold, up from 12,044e homes in the same periocd a year ago. May existinb home sales were up 6.2 percentf over April’s statewide activity, according to FAR. prices for existing single-family homes rose in May to $144,4009 from $138,500 in April. Condo salesz were up 21 percentg in May compared to the same time ayear ago, and 3.8 percenf compared to April. Statewide prices for existinyg condoswere $113,400 in May, up from $106,600 in April.
"Thwe improving sales of existing single-family homes and condos is a trendr we have been seeing for severap months inFlorida – what is new in this month'd data release is that we are seeintg evidence of prices beginning to firm," Sean director for the 's Instituts for Economic Competitiveness, said in a news release. The mediam sales price for existing homes last month was down 29 percent from a year ago when itwas However, the statewide median price for existingf homes in May was higher than the mediamn price reported in each of the previous four Year-over-year condo sales were up 21 percenf to 4,839 units in May, comparefd to 3,998 units in May 2008.
The statewidd existing condo median sales pricd last monthwas $113,400, down 38 percent from a year ago when it was
Even better news: The statewide mediaj sales price in May for existing homexs and condos rose over theprevious month, according to the . "Evetr since March we have seen a pretty dramatixc increase in the number of saidBill Richardson, districg sales manager for in Boca Raton. "We have also seen a slightf uptick inmedian pricing," he In South Florida, Miami led the pack in volumre with a 76 percent increase in the sale of existiny single-family homes. That translatexs to 597 homes soldin May, comparee to 339 in the previous same-year period. In Miami, the mediam price for an existing single-family home fell 36 percentr to $194,700 in May from $329,900 a year ago.
The good news is that the mediabn pricerose $17,700 from April, when it was Miami also led in condo sales, which were up 36 percent to 571 unitzs from 420 a year ago. The medianj price, however, was cut in half to $140,40 from $280,700 a year ago. However, it was up $6,900 from when the median priceewas $133,500. Existing home sales in Fort Lauderdale rose 47 percent to 780in May, compared to 530 home sold during the same time a year ago. But the median price fell 36 percentto $190,000 from And, it was down slightly from April'zs median price of $191,300. Condo sales in Fort Lauderdale were up 25 percenrt to 799 unitslast month, up from 639 a year ago.
The mediah price fell 42 percenrto $80,400 from $138,900, but was up slightlyy from April's median price of $79,900. Existing home sales in West Palm Beacuh inched up 5 percent to 737 from 702 ayear ago. The mediam price of a single-family home fell 30 percent to $232,909 from $330,900, and was down slightly from April'sx median price of $234,400. Existing condoi sales in West Palm Beach rose just 3 percent to 676 from 655 unitsz ayear ago. The median price of an existin condo fell 33 percentto $107,500 from but was up $9,3090 from April's median price of $98,200.
Richardsomn said the housing inventory in Palm Beach Countyh has fallen to around 11 or 12 months from a high in December 2007 of about 55 The question Richardson hears from most buyers is when will wehit bottom? "I think we are at the Do I think the bottojm will rise dramatically? I think we will rumble alonb the bottom for a while," he The one "fly in the ointment" is the backlog in the distressede property market, noted Richardson. Real estate analyst Jack McCabe "The biggest wave of foreclosures is yet to he said. Add to that the fact that statewided unemployment has risento 10.2 percent, and McCabre foresees even more foreclosure filings down the road.
existing home sales rose 16 percent in May with a total of 13,921 homes sold, up from 12,044e homes in the same periocd a year ago. May existinb home sales were up 6.2 percentf over April’s statewide activity, according to FAR. prices for existing single-family homes rose in May to $144,4009 from $138,500 in April. Condo salesz were up 21 percentg in May compared to the same time ayear ago, and 3.8 percenf compared to April. Statewide prices for existinyg condoswere $113,400 in May, up from $106,600 in April.
"Thwe improving sales of existing single-family homes and condos is a trendr we have been seeing for severap months inFlorida – what is new in this month'd data release is that we are seeintg evidence of prices beginning to firm," Sean director for the 's Instituts for Economic Competitiveness, said in a news release. The mediam sales price for existing homes last month was down 29 percent from a year ago when itwas However, the statewide median price for existingf homes in May was higher than the mediamn price reported in each of the previous four Year-over-year condo sales were up 21 percenf to 4,839 units in May, comparefd to 3,998 units in May 2008.
The statewidd existing condo median sales pricd last monthwas $113,400, down 38 percent from a year ago when it was
Sunday, December 25, 2011
FEC report reveals doubts about Buchanan's credibility - Florida Independent
badillodacyroic1505.blogspot.com
WTSP 10 News | FEC report reveals doubts about Buchanan's credibility Florida Independent Buchanan has long maintained his innocence but, according to the FEC report, some of the congressman's statements “didn't seem credible.†As first reported by The Florida Independent, the FEC charged that Kazran and the dealership violated campaign ... The Influence Industry: FEC came close to finding against Buchanan in straw ... Florida GOPer Vern Buchanan Said FEC 'Exonerated' Him â€" It Didn't Buchanan 'more likely than not' violated law, FEC report claims |
Friday, December 23, 2011
American Eagle first quarter earnings decline - Denver Business Journal:
houston-nearly.blogspot.com
Net income for the quarter ended May 2was $22.9 million, or 11 cents per compared to $43.9 million, or 21 cents, for the year-ag quarter. The teen clothing retailer, based on Pittsburgh's Sout h Side, saw total sales decline 4 percentr year-over-year, to $612 million, from $640.3w million. Comparable-store sales for American Eaglde (NYSE:AEO) were down 10 percenrt for the quarter, compared to a 6 perceng decline in the same quarter ayear ago. "Whiler we are never satisfied with anearnings decline, there are earlyg indications that the business is CEO Jim O'Donnell said in a He cited improvement in the AE brand and categoriesw like dresses and accessories.
Analysts were expecting earnings per shard of7 cents, in line with management’s recengt guidance, as the company seeks to improvse its women’s apparel and maintaih its sales during a time when most retailers are facingt difficult sales declines and malls are drawing fewer Jennifer Black, a principal of Oregon-basexd research company Jennifer Black & Associates LLC, saw reasoj for optimism. “I think it’s a very democratic branrd and it appeals to a lot of different she said. “They’re in a pretty good position becauser they offer consumers value but they have thebrandr name.
” Black was encouragedd by the women’s assortmentg that American Eagle has rolled out in its praising the increased selection of women’ dresses and women’s denim, a weakness at the compant of late, for both tappingh into the “Boho trend and offering selection that enables female shopperas to mix and match. She also was strongluy encouraged about the returnh ofRoger Markfield, the company’es former Co-CEO and Chief Merchandising Officer who retired in 2006.
His returnm to American Eagle was announced in under the newly created titler of Executive Creative Black saidshe didn’t expect Markfield’sa new strategies to have any major influence until the fall. Holly Guthrie, an analystf for suburban Philadelphia-based Boenning & Scattergood Equith Research, also expected the company won’t see any meaningful turn arouncuntil then. “In October same store sales decelerated at a fast andfuriousd pace,” she wrote in a recenf report.
“We believe that (comparabled store sales) could continue to be negativ e for the next four to five months and most importantlu the biggest volume sales are seen when productsxare promoted.”
Net income for the quarter ended May 2was $22.9 million, or 11 cents per compared to $43.9 million, or 21 cents, for the year-ag quarter. The teen clothing retailer, based on Pittsburgh's Sout h Side, saw total sales decline 4 percentr year-over-year, to $612 million, from $640.3w million. Comparable-store sales for American Eaglde (NYSE:AEO) were down 10 percenrt for the quarter, compared to a 6 perceng decline in the same quarter ayear ago. "Whiler we are never satisfied with anearnings decline, there are earlyg indications that the business is CEO Jim O'Donnell said in a He cited improvement in the AE brand and categoriesw like dresses and accessories.
Analysts were expecting earnings per shard of7 cents, in line with management’s recengt guidance, as the company seeks to improvse its women’s apparel and maintaih its sales during a time when most retailers are facingt difficult sales declines and malls are drawing fewer Jennifer Black, a principal of Oregon-basexd research company Jennifer Black & Associates LLC, saw reasoj for optimism. “I think it’s a very democratic branrd and it appeals to a lot of different she said. “They’re in a pretty good position becauser they offer consumers value but they have thebrandr name.
” Black was encouragedd by the women’s assortmentg that American Eagle has rolled out in its praising the increased selection of women’ dresses and women’s denim, a weakness at the compant of late, for both tappingh into the “Boho trend and offering selection that enables female shopperas to mix and match. She also was strongluy encouraged about the returnh ofRoger Markfield, the company’es former Co-CEO and Chief Merchandising Officer who retired in 2006.
His returnm to American Eagle was announced in under the newly created titler of Executive Creative Black saidshe didn’t expect Markfield’sa new strategies to have any major influence until the fall. Holly Guthrie, an analystf for suburban Philadelphia-based Boenning & Scattergood Equith Research, also expected the company won’t see any meaningful turn arouncuntil then. “In October same store sales decelerated at a fast andfuriousd pace,” she wrote in a recenf report.
“We believe that (comparabled store sales) could continue to be negativ e for the next four to five months and most importantlu the biggest volume sales are seen when productsxare promoted.”
Wednesday, December 21, 2011
Regent pays off 3344 debt, may buy distressed assets - Atlanta Business Chronicle:
doqujamup.wordpress.com
Regent paid off a$139 million loan from New York-bases (NYSE: SFI). Regent also has an equity partne r onthe tower. While the terms of the transaction with iStad werenot available, Regent repurchased the debt at a Typically, a building owner in Regent’s position can expect a 25 percenr to 40 percent discounted rate on the primarily because the loan on 3344 Peachtrew was performing well. The nearly 470,000-square-footr tower is 74 percenr occupied and includes tenantsw such as real estate services firm and the law firm LittletMendelson P.C.
The Atlanta-based real estats development company began pursuing a deal to pay off debt last year in the hopesw of having more cash on hand to purchase the growinv number ofdistressed properties. Since its startt in 1983, Regent has carried out about $2 billioj in transactions, and about half of them have involveddistressed Some of the properties includethe 29-story Towerd Place 100, which Regent acquired in 1993. It then renovatex and repositionedthe building. The Tower Placwe transaction also involved the parcep that eventually became3344 Peachtree.
we’ve always looked to acquire distressedr assets, and we wanted to be in position in this marketg to be able to do this once saidDavid Tennery, principal of office propertie s and development for Regent Partners. “Thixs transaction with iStar allowsw usto -focus on executing our capital deploymenft strategy. ” The move may also give Regent an advantage in the competitiveBuckhead marketplace, where the owners of four new office towers are vying for a numbee of large corporate tenants at a time when commercial buildingy values are plummeting and leasing activity is slowing.
Many corporate boardsz of directors and lenders are scrutinizinfg the debt structure on office towers even more closelyy than inyears past, as they considert whether to pull the trigger on a new Regent has about 78,000 square feet of contiguouxs space in the buildinv set aside on the 22nd, 23rd and 24th , which is lookinfg for about 50,000 squares feet, and representatives of ’s Atlanta office, have each toured 3344 Peachtreew in recent weeks, according to commercial real estate Tennery could not comment on how closee Regent is to potentiallh landing another large tenant.
“Our position in the market, that we’rwe well leased-up and our debt structure is is allowing us to attract interest from creditworthy tenants,” Tennery said. A few big Alere Health Care, the Nuclear Regulatorh Commission and the law firm Seyfarth Shaw LLP made up the list of largesyt office leases during thefirst quarter, accordingh to Atlanta’s top commercial real estate servicee firms. Alere Health which agreed to a 117,000-square-fooy lease at the Towers at was the largest transaction accordinhg to Jones Lang LaSalle and Colliersw SpectrumCauble Inc.
lists the Nucleafr Regulatory Commission’s nearly 100,000-square-foot lease at Peachtree Center as the largesrt deal in the first Seyfarth Shaw’s 84,000-square-foot lease at Danielk Corp. and ’s 1075 Peachtree marked the second-largesft transaction, according to all three brokerage AssurantSpecial Property’s 70,393-square-foot service center in Duluth, accordingg to Colliers Spectrum Cauble. ’es 56,658-square-foot-lease at 5560 New Northside according toCushman & Wakefield. Southeaster n Data Cooperative’s, 39,500 square feet at 100 Ashford according to ColliersSpectrum Cauble.
It’s commo to have some discrepancy among thebrokerage firm’s Beltmann renews. The Beltmann Group, a residentiaol and commercial movingservices company, recentlt renewed for 96,160 square feet at 7030 Buford Highway in ’s John Crawford and Ray Dankberg brokerec the industrial deal. “Although the Beltmann Groupl still had a year left on its we took advantage of markeg conditions andrenewed early, securinyg economic savings and a generous tenant improvement allowance to update the office said Crawford. The company is one of the largest agencgy groupsfor .
The Beltmann Groulp offers residential, office and industrial relocation services; logisticw services, includingthe shipping of motorcycles; coin-operater amusements; retail fixture and display installation; and warehousing/distributiomn services. Setting the market? The details of a recentr and notable Buckhead office lease are cominvto light. , which is developingb the final building in itsTerminusx project, recently landed Firethorn Holdings LLC in its 25-story Terminuas 200 tower. The concessions involved in the deal coulc help set the markeft for future leasesin Buckhead, whers L.P., and Pope & Land Enterprises Inc., and are also chasinv deals for their new buildings.
Firethorn leased 50,000 square feet for six yearsz inTerminus 200. It receives at least 12 months of free commercial real estatesources said. Firethorn will pay about $35.25r per square foot, with an escalation rate of 3 percent duringv the course of the sources said. Firethorn will also receiv tenant improvement allowances ofnearl $80 per square foot. Several commercial real estate brokers in recent weeks have said tenant improvement allowanceds on some deals have been closeto $100 per squared foot.
Cousins said it couldn’t comment on the financial terms ofany “We specifically have a contract with Firethorm that prevents us from discussing this said Cousins spokesman Cameron Lease negotiations for a couple of big deala in Buckhead have slowed, or come to a halt, in recentr months. Tishman Speyer was close to landing for itsnew 20-stor Two Alliance Center. Munich American, a subsidiary of Munich Re AG, has delayedr its decision indefinitely. , a risk adviserf and insurance broker, is moving closeer to a deal that could also allow it to end up at Two or potentially renew atthe 19-storyu Prominence building — its home for the past 10 Neal to Colliers.
Mike Neal recently joined Collierz SpectrumCauble Inc. Neal moves over from CB Richar dEllis Inc., where he served as senior vice presidenr of retail services. Neal has earnedr the Atlanta Commercial Board of Top Five Producer Award in 10 of the past14
Regent paid off a$139 million loan from New York-bases (NYSE: SFI). Regent also has an equity partne r onthe tower. While the terms of the transaction with iStad werenot available, Regent repurchased the debt at a Typically, a building owner in Regent’s position can expect a 25 percenr to 40 percent discounted rate on the primarily because the loan on 3344 Peachtrew was performing well. The nearly 470,000-square-footr tower is 74 percenr occupied and includes tenantsw such as real estate services firm and the law firm LittletMendelson P.C.
The Atlanta-based real estats development company began pursuing a deal to pay off debt last year in the hopesw of having more cash on hand to purchase the growinv number ofdistressed properties. Since its startt in 1983, Regent has carried out about $2 billioj in transactions, and about half of them have involveddistressed Some of the properties includethe 29-story Towerd Place 100, which Regent acquired in 1993. It then renovatex and repositionedthe building. The Tower Placwe transaction also involved the parcep that eventually became3344 Peachtree.
we’ve always looked to acquire distressedr assets, and we wanted to be in position in this marketg to be able to do this once saidDavid Tennery, principal of office propertie s and development for Regent Partners. “Thixs transaction with iStar allowsw usto -focus on executing our capital deploymenft strategy. ” The move may also give Regent an advantage in the competitiveBuckhead marketplace, where the owners of four new office towers are vying for a numbee of large corporate tenants at a time when commercial buildingy values are plummeting and leasing activity is slowing.
Many corporate boardsz of directors and lenders are scrutinizinfg the debt structure on office towers even more closelyy than inyears past, as they considert whether to pull the trigger on a new Regent has about 78,000 square feet of contiguouxs space in the buildinv set aside on the 22nd, 23rd and 24th , which is lookinfg for about 50,000 squares feet, and representatives of ’s Atlanta office, have each toured 3344 Peachtreew in recent weeks, according to commercial real estate Tennery could not comment on how closee Regent is to potentiallh landing another large tenant.
“Our position in the market, that we’rwe well leased-up and our debt structure is is allowing us to attract interest from creditworthy tenants,” Tennery said. A few big Alere Health Care, the Nuclear Regulatorh Commission and the law firm Seyfarth Shaw LLP made up the list of largesyt office leases during thefirst quarter, accordingh to Atlanta’s top commercial real estate servicee firms. Alere Health which agreed to a 117,000-square-fooy lease at the Towers at was the largest transaction accordinhg to Jones Lang LaSalle and Colliersw SpectrumCauble Inc.
lists the Nucleafr Regulatory Commission’s nearly 100,000-square-foot lease at Peachtree Center as the largesrt deal in the first Seyfarth Shaw’s 84,000-square-foot lease at Danielk Corp. and ’s 1075 Peachtree marked the second-largesft transaction, according to all three brokerage AssurantSpecial Property’s 70,393-square-foot service center in Duluth, accordingg to Colliers Spectrum Cauble. ’es 56,658-square-foot-lease at 5560 New Northside according toCushman & Wakefield. Southeaster n Data Cooperative’s, 39,500 square feet at 100 Ashford according to ColliersSpectrum Cauble.
It’s commo to have some discrepancy among thebrokerage firm’s Beltmann renews. The Beltmann Group, a residentiaol and commercial movingservices company, recentlt renewed for 96,160 square feet at 7030 Buford Highway in ’s John Crawford and Ray Dankberg brokerec the industrial deal. “Although the Beltmann Groupl still had a year left on its we took advantage of markeg conditions andrenewed early, securinyg economic savings and a generous tenant improvement allowance to update the office said Crawford. The company is one of the largest agencgy groupsfor .
The Beltmann Groulp offers residential, office and industrial relocation services; logisticw services, includingthe shipping of motorcycles; coin-operater amusements; retail fixture and display installation; and warehousing/distributiomn services. Setting the market? The details of a recentr and notable Buckhead office lease are cominvto light. , which is developingb the final building in itsTerminusx project, recently landed Firethorn Holdings LLC in its 25-story Terminuas 200 tower. The concessions involved in the deal coulc help set the markeft for future leasesin Buckhead, whers L.P., and Pope & Land Enterprises Inc., and are also chasinv deals for their new buildings.
Firethorn leased 50,000 square feet for six yearsz inTerminus 200. It receives at least 12 months of free commercial real estatesources said. Firethorn will pay about $35.25r per square foot, with an escalation rate of 3 percent duringv the course of the sources said. Firethorn will also receiv tenant improvement allowances ofnearl $80 per square foot. Several commercial real estate brokers in recent weeks have said tenant improvement allowanceds on some deals have been closeto $100 per squared foot.
Cousins said it couldn’t comment on the financial terms ofany “We specifically have a contract with Firethorm that prevents us from discussing this said Cousins spokesman Cameron Lease negotiations for a couple of big deala in Buckhead have slowed, or come to a halt, in recentr months. Tishman Speyer was close to landing for itsnew 20-stor Two Alliance Center. Munich American, a subsidiary of Munich Re AG, has delayedr its decision indefinitely. , a risk adviserf and insurance broker, is moving closeer to a deal that could also allow it to end up at Two or potentially renew atthe 19-storyu Prominence building — its home for the past 10 Neal to Colliers.
Mike Neal recently joined Collierz SpectrumCauble Inc. Neal moves over from CB Richar dEllis Inc., where he served as senior vice presidenr of retail services. Neal has earnedr the Atlanta Commercial Board of Top Five Producer Award in 10 of the past14
Monday, December 19, 2011
Get started 'On' Dec. 19: Payroll tax cut extension stalls, optimism ... - Washington Post (blog)
llrx-royce.blogspot.com
Get started 'On' Dec. 19: Payroll tax cut extension stalls, optimism ... Washington Post (blog) Another indicator shows improving optimism: A survey conducted by financial software firm Reckon found that two third of small businesses enjoyed either increased or stable revenue this year and more than 80 percent expect to have positive or stable ... |
Saturday, December 17, 2011
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