Archive for May, 2009

Terrorist flees to Lebanon, FBI confirms

A master bomb maker who once targeted commercial airliners and was suspected of aiding the Iraq insurgency has fled to Lebanon, an FBI official has confirmed. There is information that…

29

05 2009

Slim Down for Summer With Something Delicious: Le Grand Provides Mouthwatering Solutions That Will Make Losing Weight Tasty and Fun!

ST.-JOSEPH-DU-LAC, Quebec, May 29 /PRNewswire/ — Swimsuit season is back along with American’s two most feared words, “pool party.” Step out from the crowd this…

29

05 2009

Highwoods Closes $62M Retail Portfolio Sale to Lane4 Property Group

Highwoods Properties (NYSE:HIW) recently closed on the $62.1 million sale of three grocery-anchored community shopping centers in the Kansas City area. The 572,000-square-foot portfolio includes 158,516 square feet of ground-leased property to tenants…

29

05 2009

PBSJ Selects MetWest One for New HQ

The PBSJ Corp., a national engineering and construction firm, is relocating its headquarters to MetWest One in Tampa. The 15-year, 83,000-square-foot lease is set to commence in January 2010.

The 10-story, 240,320-square-foot office building at 4030…

29

05 2009

Jack Welch’s Night of a Thousand Retorts

Vanity Fair crowned Jack Welch the star of a panel discussion of the economic mess, saying he presented “an unapologetic defense of old-school capitalism.”

29

05 2009

Putting On the Ritz at Bank of America

Bank of America employees heading down to corporate headquarters in Charlotte, N.C., will soon have a more luxurious place to lay their heads: the bank’s very own Ritz-Carlton hotel.
The 147-room, $65 million, 18-story “eco-friendly” building is being touted as the city’s first luxury hotel, with more than 12,000 square feet of function space, a [...]

29

05 2009

Mint Condition, Low Miles

Savvy buyers are discovering that almost new trumps brand-new. The many advantages can include lower prices, easier financing and a stable building.



29

05 2009

Living In | Greenpoint, Brooklyn: Polish Is Still Spoken, but Industry Is History

Greenpoint, a traditionally Polish neighborhood in Brooklyn, is attracting younger residents and families with its lower prices, large parks, and growing restaurant scene.



29

05 2009

Parts Maker Is Said to Reach Tentative Deal for G.M.’s Opel

G.M., Magna International and the government of Germany have reportedly reached a tentative deal that would see Magna take a major stake in G.M.’s European operations.



29

05 2009

Investigators Review Events Leading to Shooting of Officer

The department was investigating whether three officers had identified themselves or demanded that Officer Omar J. Edwards drop his weapon before an officer opened fire.



29

05 2009

Japan’s core CPI falls 0.1% in April on year+

(Kyodo) _ (EDS: LEAD STORY TO FOLLOW) Japan’s key consumer price index fell 0.1 percent in April from a year earlier, the government said Friday. The core nationwide CPI, which…

28

05 2009

Japan’s April jobless rate rises to 5.0%, highest since 2003+

(Kyodo) _ (EDS: LEAD STORY TO FOLLOW) Japan’s seasonally adjusted unemployment rate stood at 5.0 percent in April, up from 4.8 percent in March, reaching the 5 percent level for the…

28

05 2009

177-Store Anchor Blue Denim Chain Files Bankruptcy

Denim and casual apparel retailer, Anchor Blue Retail Group, and four of its affiliated companies, have filed Chapter 11 Bankruptcy. As of May 28, Anchor Blue listed 177 stores in AZ (17), CA (95), CO (5), FL (18), GA (1), ID (1), NM (8) , NV (5), OR…

28

05 2009

Liquidity, Liquidity, Liquidity

With bank lending a challenge, publicly held property REITs and real estate operating companies (REOCs) have started turning to their investors for a bailout – and are getting it.

At least 29 property REITs and REOCs have gone to market with secondary…

28

05 2009

Mark Cuban Sues S.E.C. Over Records in Inquiry

Mark Cuban, the billionaire owner of the Dallas Mavericks basketball team, sued the Securities and Exchange Commission on Thursday, asserting that the S.E.C. unlawfully withheld documents about an insider-trading investigation of him.

28

05 2009

U.A.W. Defends Itself and Takes On G.M. Bondholders

The United Automobile Workers union, which stands to receive up to 20 percent of the new version of General Motors once it restructures, is battling back against critics who say it has received a sweetheart deal from the government.

28

05 2009

Streetscapes | Commissioned by Astor: Buildings for a City He Could Live Without

William Waldorf Astor gave New York some of its most distinctive architecture, even though he concluded that America was no place for a gentleman.



28

05 2009

Ahead, a Summer of Deals

From Cape Cod to the Jersey Shore, from Ocean City, Md., to the Carolina beaches, the sluggish rental market means discounts and incentives for prospective renters.



28

05 2009

New G.M. Plan Gets Support From Key Bondholders

G.M. said a key group of bondholders agreed to a 10% stake, with warrants to buy an additional 15%, in exchange for accepting the bankruptcy plan.



28

05 2009

Sotomayor’s Sharp Tongue Raises Issue of Temperament

Conservatives opposed to Judge Sonia Sotomayor’s nomination see her demeanor on the bench as a potential vulnerability.



28

05 2009