http://subamochip.wordpress.com/
Under the terms of the agreement, Cambridge, Mass.-baseds CombinatoRx will issue shares of common stock to Neuromed stockholdersso that, post merger, each shareholders will have 50 percenyt of the voting power in the combined company. The deal is closelhy tied to a recent transaction that saw Neuromed sell the commercial right s toits pain-management drug candidate Exalgo to , a subsidiary of That agreementf included an upfront paymentr of $15 million and several potential milestone paymentse and related compensation if certain commercial benchmarkas are met. Those payouts also coul d alter the ownership composition of the newlygmerged company.
For example, if Exalgoo is approved by thebefore 2010, CombinatoRx shareholders will see their ownershi p stake in the combined company slip to 30 percent. If the drug does not win FDA approvalby 2011, CombinatoRx shareholders will then assume a 70 perceny ownership stake in the according to regulatory filings. Alexizs Borisy will step down as president and CEO of CombinatoRx to pursueother activities.
Borisy will supporf CombinatoRx as a member of its scientificadvisorgy board, according to the The boards of directors of both CombinatoRz and Neuromed have approved the proposed merger which is subject to customary closing including receipt of various required approvals from the CombinatoR and Neuromed stockholders. In May, CombinatoRx CRXX) said it narrowed its net loss for the firsft quarter amid aggressive cost cutting that included laying off almosft half its staff and slashes to its research anddevelopment budget.
Wednesday, July 27, 2011
Monday, July 25, 2011
Handke
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Phalen, who bought the restaurant last year withhis wife, said the award-winning restaurant at 520 S. Fron St. will shut down June 20 afterf 18 yearsin business. The restaurant was founde d by ChefHartmut Handke. The closing comes severa l months after business took a 40 percent dropand didn’tr bounce back, Phalen said. An upstairs bar dubbed Encoree that the Phalens opened since acquiring the restauranperformed “just fine” but couldn’t prop up its lagging flagshi business. “Fine dining really took a tremendoua dive at the end of October and we never reallyg recoveredfrom that,” he said. “It really put us in a bad spot.
” Handke and his namesakw restaurant took in numerous accoladews overthe years, the fine dining spot recentlt being named by reviewer OpenTable as the best restauranr in the city, Phalen According to Handke’s online bio, at chefhandke.com, he is one of only 75 chefs in the country who has achieved certified master chef certificatioj given by , which is recognized as the highest achievementt in the profession. He’s had limited involvement with the eatery inrecent months.
Phalen, who bought the restaurant last year withhis wife, said the award-winning restaurant at 520 S. Fron St. will shut down June 20 afterf 18 yearsin business. The restaurant was founde d by ChefHartmut Handke. The closing comes severa l months after business took a 40 percent dropand didn’tr bounce back, Phalen said. An upstairs bar dubbed Encoree that the Phalens opened since acquiring the restauranperformed “just fine” but couldn’t prop up its lagging flagshi business. “Fine dining really took a tremendoua dive at the end of October and we never reallyg recoveredfrom that,” he said. “It really put us in a bad spot.
” Handke and his namesakw restaurant took in numerous accoladews overthe years, the fine dining spot recentlt being named by reviewer OpenTable as the best restauranr in the city, Phalen According to Handke’s online bio, at chefhandke.com, he is one of only 75 chefs in the country who has achieved certified master chef certificatioj given by , which is recognized as the highest achievementt in the profession. He’s had limited involvement with the eatery inrecent months.
Saturday, July 23, 2011
DineEquity discloses rent for Applebee's locations - Dallas Business Journal:
vittitowmehigyk1238.blogspot.com
million a month in initial base rent to lease back the181 Applebee'sd restaurant properties it sold this week. In a filinfg late Thursday, Glendale, Calif.-based DineEquity (NYSE: DIN) said its accountinyg evaluation ofthe $337 million in sale-leasebacm gross proceeds may prompt an impairment charge for the second quarteer of 2008. Details on the charg e will be discussed in a July29 second-quarterd conference call, the filinv said. An initial monthly interest expense relatex to the lease payment will beabout $2 million, to decreasw as company-operated Applebee's restaurants are Annual rent expense per restaurant is about meaning rent would cost abouy 7.
5 percent of an average per-restaurant salez volume of about $2.3 the filing said. The leasd is for an initial 20-year term with five-year extension options. The base rent rate will increase 2 perceny in each of the nextfive years. Rates will increasde 10 percent in 2018and 2023. IHOP boughty for $2.04 billion on Nov. 29. The sale of Applebee's real estatde and franchisingof company-operated restaurants are meant to help finance the purchase.
million a month in initial base rent to lease back the181 Applebee'sd restaurant properties it sold this week. In a filinfg late Thursday, Glendale, Calif.-based DineEquity (NYSE: DIN) said its accountinyg evaluation ofthe $337 million in sale-leasebacm gross proceeds may prompt an impairment charge for the second quarteer of 2008. Details on the charg e will be discussed in a July29 second-quarterd conference call, the filinv said. An initial monthly interest expense relatex to the lease payment will beabout $2 million, to decreasw as company-operated Applebee's restaurants are Annual rent expense per restaurant is about meaning rent would cost abouy 7.
5 percent of an average per-restaurant salez volume of about $2.3 the filing said. The leasd is for an initial 20-year term with five-year extension options. The base rent rate will increase 2 perceny in each of the nextfive years. Rates will increasde 10 percent in 2018and 2023. IHOP boughty for $2.04 billion on Nov. 29. The sale of Applebee's real estatde and franchisingof company-operated restaurants are meant to help finance the purchase.
Wednesday, July 20, 2011
SBC acquires Sterling in $3.9B deal - San Francisco Business Times:
http://yarisip.comli.com/
billion. San Antonio-based SBC, which owns Pacificx Bell, said its acquisition of the business-to-business software provider will help bolster its offeringz by addinganother Internet-based product to its set of telecommunicationzs services. Columbus, Ohio-based Sterling, with annuaol revenue of $561 million, builds and manages securse online marketplaces where multiple buyers and sellerw canconduct business, exchange goods and services, and shar e information in real time. Sterling said it will operate as a separater subsidiarywithin SBC's global markete group and remain based in Columbus. The deal is slatexd to close inlate March.
Got a date with your ventures capitalist ata low-profile spot such as the neighborhoof Carrow's, Coco's or Denny's? Take Changes are in store for those restaurants. Parent compan of Spartanburg, S.C., said it plans to sell 630 Carrow's and Coco'sw restaurants nationwide and remodel or sell its835 Denny's The announcement comes as Advanticaa pulls out of Chapter 11 bankruptcy Apple Computer Inc. of Cupertino announced Feb. 17 the launch of the i-Bookk notebook computer, which will sport doublr the memory and hard drive size of thepreviouss model. The i-Book costs about $1,599 and was firstr released inJapan Feb. 18.
Launchingg the product there makeas sense given its strongInterney population. The notebook beganm shipping in the United States andworldwide Feb. 23. Axolotp Corp. of Mountain View, a maker of clinical messaginf software, has struck a co-marketing agreement with which provides applications and services that improve communications between physicians, the pharmaceutical industry and other health care The companies will promote each other's products and work togethere to provide a completew solution for physician offices. Financiaol terms of the deal werenot disclosed. Axolotl'es Elysium product suite links labs, hospitals and pharmacies to manage clinical data.
The addition of iPhysicianNet's free PCs and videoconferencinv link to pharmacy companies will provide additionapl cost savings and convenience for Axolotlofficials said. Pacific Video Resources LLC, a San Francisco-baseds video and electronic media acquired Cupertino-based Compaq Computer Corp.'s media production group--the largest teleproduction operation betwee n San Francisco and Los Angeles. The unit is now operating as an independengt commercial operationcalled PVR-Silicon The purchase price was not Hewlett-Packard Co.
reported first-quarter earnings that slightlyexceeded analysts' expectations as quarterly revenue increased 14 Earnings from continuing operation s were $794 million, or 80 cents per share, on revenud of $11.7 billion. That compares with earnings of $882 or 85 cents per share, on revenur of $10.2 billion in the same period in 1999. Analyst s expected HP to earn 78 centsper
billion. San Antonio-based SBC, which owns Pacificx Bell, said its acquisition of the business-to-business software provider will help bolster its offeringz by addinganother Internet-based product to its set of telecommunicationzs services. Columbus, Ohio-based Sterling, with annuaol revenue of $561 million, builds and manages securse online marketplaces where multiple buyers and sellerw canconduct business, exchange goods and services, and shar e information in real time. Sterling said it will operate as a separater subsidiarywithin SBC's global markete group and remain based in Columbus. The deal is slatexd to close inlate March.
Got a date with your ventures capitalist ata low-profile spot such as the neighborhoof Carrow's, Coco's or Denny's? Take Changes are in store for those restaurants. Parent compan of Spartanburg, S.C., said it plans to sell 630 Carrow's and Coco'sw restaurants nationwide and remodel or sell its835 Denny's The announcement comes as Advanticaa pulls out of Chapter 11 bankruptcy Apple Computer Inc. of Cupertino announced Feb. 17 the launch of the i-Bookk notebook computer, which will sport doublr the memory and hard drive size of thepreviouss model. The i-Book costs about $1,599 and was firstr released inJapan Feb. 18.
Launchingg the product there makeas sense given its strongInterney population. The notebook beganm shipping in the United States andworldwide Feb. 23. Axolotp Corp. of Mountain View, a maker of clinical messaginf software, has struck a co-marketing agreement with which provides applications and services that improve communications between physicians, the pharmaceutical industry and other health care The companies will promote each other's products and work togethere to provide a completew solution for physician offices. Financiaol terms of the deal werenot disclosed. Axolotl'es Elysium product suite links labs, hospitals and pharmacies to manage clinical data.
The addition of iPhysicianNet's free PCs and videoconferencinv link to pharmacy companies will provide additionapl cost savings and convenience for Axolotlofficials said. Pacific Video Resources LLC, a San Francisco-baseds video and electronic media acquired Cupertino-based Compaq Computer Corp.'s media production group--the largest teleproduction operation betwee n San Francisco and Los Angeles. The unit is now operating as an independengt commercial operationcalled PVR-Silicon The purchase price was not Hewlett-Packard Co.
reported first-quarter earnings that slightlyexceeded analysts' expectations as quarterly revenue increased 14 Earnings from continuing operation s were $794 million, or 80 cents per share, on revenud of $11.7 billion. That compares with earnings of $882 or 85 cents per share, on revenur of $10.2 billion in the same period in 1999. Analyst s expected HP to earn 78 centsper
Monday, July 18, 2011
San Francisco Things to Do - View San Francisco Attractions
ucojaje.wordpress.com
Chinatown Pacific Avenue San Francisco, CA The oldest Chinatown in the country; to wander around this neighborhoodr is tohop continents. Come to windowa shop, stay to eat. De Young/Goldem Gate Park 50 Hagiwara Tea Gardej DriveSan Francisco, CA 94118 (415) 750-3600 This museukm cost more than $200 to build,, and its proven a criticakl and popular hit. The permanent collectionb is particularly strong inOceanic art, and it
Chinatown Pacific Avenue San Francisco, CA The oldest Chinatown in the country; to wander around this neighborhoodr is tohop continents. Come to windowa shop, stay to eat. De Young/Goldem Gate Park 50 Hagiwara Tea Gardej DriveSan Francisco, CA 94118 (415) 750-3600 This museukm cost more than $200 to build,, and its proven a criticakl and popular hit. The permanent collectionb is particularly strong inOceanic art, and it
Saturday, July 16, 2011
Thursday, July 14, 2011
Paul Ryan's misleading historical analogy in the debt limit talks - Washington Post (blog)
xoqylyjibo.wordpress.com
Paul Ryan's misleading historical analogy in the debt limit talks Washington Post (blog) (Democrats are equally guilty of such historical amnesia, as we demonstrated when we gave Sen. Barbara Boxer Pinocchios for a highly misleading account of the budget surplus.) Let's take a trip down memory land and see what really happened in 1997 and ... |
Monday, July 11, 2011
Beige Book: Weaker economy for Ohio - Dayton Business Journal:
acklinegymejac1362.blogspot.com
The Cleveland Fed in its “beige book” analysia of Ohio, eastern Kentuckuy and western Pennsylvania, reported signs of further deterioratio nsince mid-April. That’s the story for much of the rest of the with all 12 of the district banks indicating economic conditionws stayed weak or got worsethrough May. Manufacturing – With production down slightly through this year but off sharply compared with most Fedcontacts aren’t expecting condition s to bottom out until at least the thirdd quarter. Steel processors, are seeing a sharp decline begin tolevell off, but no turnaround is expected this year.
Most respondenta said they’ve cut payroll costs by wage cuts and a reductionin • Real estate – The Fed noteed an increase in optimism amont respondents, though conditions remain rougb compared with last Residential builders expect activity to remain relatively unchanged in the next few months, though some are hopeful an uptick could take place befores the end of the year. Both residential and commercialp builders noted troubles securing which has led to construction delays or shutdowns on thecommerciak end.
• Consumer spending – The Fed reportedf relatively stable sales for retailers in thelast six-weel period, with most not expecting majod changes through September. New-vehiclew sales, contacts said, dropped during the period amid an ongoing crisizs inthe industry, though used car lots saw a “modest • Banking – The Fed trackes mixed demand for commercial and industrial though refinancing applications on the residential side remain “verhy strong.” Core deposits jumpe d sharply during the six weeks even as competition declined, the Fed As for tighter lendinf standards, they’re “firmly in place” with no expectations for easing up.
• Energy – Coal companies have reported production declines as demand from utilitiex has declined because ofexcessa inventory. At the same time, prices for coal dropped while gas and oil prices were steadty or onthe rise. • Transportatiom – Freight companies reported low volumes but told theFed they’rse seeing this year’s decline moderate. Most Fed contactsa expect conditions to hold steadythrougu September.
The Cleveland Fed in its “beige book” analysia of Ohio, eastern Kentuckuy and western Pennsylvania, reported signs of further deterioratio nsince mid-April. That’s the story for much of the rest of the with all 12 of the district banks indicating economic conditionws stayed weak or got worsethrough May. Manufacturing – With production down slightly through this year but off sharply compared with most Fedcontacts aren’t expecting condition s to bottom out until at least the thirdd quarter. Steel processors, are seeing a sharp decline begin tolevell off, but no turnaround is expected this year.
Most respondenta said they’ve cut payroll costs by wage cuts and a reductionin • Real estate – The Fed noteed an increase in optimism amont respondents, though conditions remain rougb compared with last Residential builders expect activity to remain relatively unchanged in the next few months, though some are hopeful an uptick could take place befores the end of the year. Both residential and commercialp builders noted troubles securing which has led to construction delays or shutdowns on thecommerciak end.
• Consumer spending – The Fed reportedf relatively stable sales for retailers in thelast six-weel period, with most not expecting majod changes through September. New-vehiclew sales, contacts said, dropped during the period amid an ongoing crisizs inthe industry, though used car lots saw a “modest • Banking – The Fed trackes mixed demand for commercial and industrial though refinancing applications on the residential side remain “verhy strong.” Core deposits jumpe d sharply during the six weeks even as competition declined, the Fed As for tighter lendinf standards, they’re “firmly in place” with no expectations for easing up.
• Energy – Coal companies have reported production declines as demand from utilitiex has declined because ofexcessa inventory. At the same time, prices for coal dropped while gas and oil prices were steadty or onthe rise. • Transportatiom – Freight companies reported low volumes but told theFed they’rse seeing this year’s decline moderate. Most Fed contactsa expect conditions to hold steadythrougu September.
Saturday, July 9, 2011
Ten banks allowed to repay TARP funds - Wichita Business Journal:
http://cashemporium.com/Luxury/Dancers-Necklace/
The Treasury Department did not name the 10 but said they were being approved for early repaymeng of the federal bailout funds under the Troublecd Asset ReliefProgram (TARP) because the so-called stress testas performed by the government revealeds they were healthy enough to pay back the money. The departmenr said the institutions have met the requirementes for repayment established by federalbanking supervisors. It notedd that many banks recently have raised equity capital from privatew investors and haveissued long-term debt that is not guaranteed by the “These repayments are an encouraging sign of financiao repair, but we still have work to Treasury Secretary Tim Geithnere said.
More than 600 banks received a total of nearly $200 billion through the department’s Capital Purchase Program. Abourt $2 billion of this money was paidback previously. Unded the program, banks that repay their preferred stocm can repurchase the warrants that the TreasuryDepartmenyt holds. Besides the proceeds from the sales of the the department also hasreceived $4.5 billion in dividend payments from program participants. Proceeds from the repayments to go theTreasurh Department’s general fund. They can be used to reduce the nationak debt and can serve as a cushion in case the departmenty needs to respond to financial emergencies in the thedepartment said.
The list of 10 banks was not publiclyt disclosed, but many of the banks confirmesd separately in press releases that they received approva to buy back preferree shares sold to thefederal government, including two banksa with sizable Milwaukee-area presences: USB) and J.P. Morganm Chase (NYSE: JPM). U.S. Bank was cleared to repayy $6.6 billion in TARP funds and Chasw was approved to repayall $25 billion in TARP fundds it received. Locally based banks that received TARP funde include andof Milwaukee, of Menomone e Falls and in Brookfield. M&I, the Milwaukee-area' largest bank, was not among the list of 10 banks approve d to repay itsTARP funds, accordinf to media reports.
M&I said in May that it begah to sell stock in a sale that could raisew as muchas $350 million in proceeds, part of whichn the bank said it may use to repay a portiom of the $1.7 billion capital infusion it received in November 2008 underf TARP if approved by
The Treasury Department did not name the 10 but said they were being approved for early repaymeng of the federal bailout funds under the Troublecd Asset ReliefProgram (TARP) because the so-called stress testas performed by the government revealeds they were healthy enough to pay back the money. The departmenr said the institutions have met the requirementes for repayment established by federalbanking supervisors. It notedd that many banks recently have raised equity capital from privatew investors and haveissued long-term debt that is not guaranteed by the “These repayments are an encouraging sign of financiao repair, but we still have work to Treasury Secretary Tim Geithnere said.
More than 600 banks received a total of nearly $200 billion through the department’s Capital Purchase Program. Abourt $2 billion of this money was paidback previously. Unded the program, banks that repay their preferred stocm can repurchase the warrants that the TreasuryDepartmenyt holds. Besides the proceeds from the sales of the the department also hasreceived $4.5 billion in dividend payments from program participants. Proceeds from the repayments to go theTreasurh Department’s general fund. They can be used to reduce the nationak debt and can serve as a cushion in case the departmenty needs to respond to financial emergencies in the thedepartment said.
The list of 10 banks was not publiclyt disclosed, but many of the banks confirmesd separately in press releases that they received approva to buy back preferree shares sold to thefederal government, including two banksa with sizable Milwaukee-area presences: USB) and J.P. Morganm Chase (NYSE: JPM). U.S. Bank was cleared to repayy $6.6 billion in TARP funds and Chasw was approved to repayall $25 billion in TARP fundds it received. Locally based banks that received TARP funde include andof Milwaukee, of Menomone e Falls and in Brookfield. M&I, the Milwaukee-area' largest bank, was not among the list of 10 banks approve d to repay itsTARP funds, accordinf to media reports.
M&I said in May that it begah to sell stock in a sale that could raisew as muchas $350 million in proceeds, part of whichn the bank said it may use to repay a portiom of the $1.7 billion capital infusion it received in November 2008 underf TARP if approved by
Thursday, July 7, 2011
The First Casualty Is Always Art (VIDEO) - Huffington Post (blog)
youngmanmeledero1636.blogspot.com
The First Casualty Is Always Art (VIDEO) Huffington Post (blog) The event was beautifully organized, with a trade fair during the day, and performances at the clubs Melkweg, Sugar Factory and the imposing Bimhuis at night. Business interaction was lively throughout; at the fair, at the shows, at dinners and at ... |
Monday, July 4, 2011
Sacramento Restaurants & Sacramento Dining Guide
bojony.wordpress.com
Sacramento, CA 95814 916-443-3772 Average dinner for two, with $80 - $100 Ella opened with much fanfare in making Sacramento's K Street Mall a dining destination. With its elegant "comforft food" offerings, the restaurant offerds first-class seafood and re-imagined favorites such as meatballs and pork The large, upscale restaurant features long, family-stylw tables, private eating and a smaller, intimate lounge. The service is graciou s and attentive, and owner and chef Randall Sellan d is a celebrated fixturw in the Sacramentorestaurant scene. Biba Restaurangt 2801 Capitol Ave.
Sacramento, CA 95816 916-455-242q2 Average dinner for two, with drinks: $100 - $120 The gran dame of Sacramento's restauran scene, Biba Caggiano has been servinfg upscale Italian cuisine for more than 20 The menu changes includes everything from pasta to saladd to duckand lamb. Caggiano has been honoref with Resolutions from the CaliforniqState Legislature, and has publishes eight best-selling cookbooks.
La Provencw Restaurant and Terrace 110 Diamond CreekPlace Roseville, CA 916-789-2003 Average dinner for two, with drinks: $80 French and Mediterraneam cuisine dominate at this Roseville The rustic, casual restaurant has indoor seating, with a and an outdoor patio with views of the garden. La Provencse used traditional materials inits construction, but has modernn touches, including wireless Internet acceszs in its private dining room. Roxy Restaurant and Bar 2381 FairOaks Sacramento, CA 916-489-2000 Average dinner for two, with $60 - $80 A laid-back and fun sister to Gov.
Schwarzenegger'd preferred "Lucca" restaurant, Roxy is a playfulo take on Sacamento's "Old West" The cowboy theme extends to its which changes often and skews from seared ahi to cheddarfmashed potatoes, and to its western-shirt clad Roxy offers swanky food with low-key
Sacramento, CA 95814 916-443-3772 Average dinner for two, with $80 - $100 Ella opened with much fanfare in making Sacramento's K Street Mall a dining destination. With its elegant "comforft food" offerings, the restaurant offerds first-class seafood and re-imagined favorites such as meatballs and pork The large, upscale restaurant features long, family-stylw tables, private eating and a smaller, intimate lounge. The service is graciou s and attentive, and owner and chef Randall Sellan d is a celebrated fixturw in the Sacramentorestaurant scene. Biba Restaurangt 2801 Capitol Ave.
Sacramento, CA 95816 916-455-242q2 Average dinner for two, with drinks: $100 - $120 The gran dame of Sacramento's restauran scene, Biba Caggiano has been servinfg upscale Italian cuisine for more than 20 The menu changes includes everything from pasta to saladd to duckand lamb. Caggiano has been honoref with Resolutions from the CaliforniqState Legislature, and has publishes eight best-selling cookbooks.
La Provencw Restaurant and Terrace 110 Diamond CreekPlace Roseville, CA 916-789-2003 Average dinner for two, with drinks: $80 French and Mediterraneam cuisine dominate at this Roseville The rustic, casual restaurant has indoor seating, with a and an outdoor patio with views of the garden. La Provencse used traditional materials inits construction, but has modernn touches, including wireless Internet acceszs in its private dining room. Roxy Restaurant and Bar 2381 FairOaks Sacramento, CA 916-489-2000 Average dinner for two, with $60 - $80 A laid-back and fun sister to Gov.
Schwarzenegger'd preferred "Lucca" restaurant, Roxy is a playfulo take on Sacamento's "Old West" The cowboy theme extends to its which changes often and skews from seared ahi to cheddarfmashed potatoes, and to its western-shirt clad Roxy offers swanky food with low-key
Saturday, July 2, 2011
PwC hires CBRE for relocation opportunities - Atlanta Business Chronicle:
http://vinyl-banners-chicago.com/insure-drivers-using-banners-.html
has hired CB . as its strategic real estatre adviser forthe firm’s Atlanta New York-based PwC leases about 150,0000 square feet at 10 Tenth The lease expires in late 2012. The CBRE which consists of John Shlesingerfrom CBRE’x Atlanta office and Timothy Dempsegy from CBRE’s New York will examine the accounting firm’sa potential relocation opportunities throughout greater Atlanta, as well as represenyt PwC in any discussions with its current CBRE, PwC’s national real estate services provider, providez transaction management and projecrt management services throughout the United States on behalf of PwC.
About 10 years ago, PricewaterhouseCoopers moved nearly 860 employeesto Midtown’w 10 Tenth St., known as the Millenniukm office building, located at 10th and West Peachtree That deal gave a huge boost to what was then a struggliny Midtown office market. PricewaterhouseCoopers joins many other large professional servicesd firms that are starting their search for new leasese in theAtlanta market, includingg Big Four competitor and downtowm office tenant , which is currentlh housed at SunTrust Plaza.
a real estate joint venture between Georgia-Pacific LLC and MetLife recently awarded the leasing and managementtof Georgia-Pacific Center to The firm will beginb the assignment on June 16. has beenmarketingb and managingthe 52-story,1.1 million-square-foot tower at 133 Peachtree St. Georgia-Pacific leases 820,000 squarw feet for its corporate Georgia-Pacific Center has abouyt 124,000 square feet of contiguous spacd available for lease onthe 27th, 28th, 29th, 30th and 31st floors. The buildinyg is 87 percent leased.
Jones Lang LaSalle Managinb Director Linda Bolan willlead management-transition while Mark Harrington and Jamilyn Boze will be responsibld for the daily management of the property. Jones Lang LaSallse senior vice presidents Glenn Aspinwallo and Jeff Frantz willlead leasing. “We’ve assemblerd an all-star team to work with GA-MET to furthef the success of thislandmark building,” said Clarl Gore, Jones Lang LaSalle Atlanta market director. “It’s a great asset and a terrificv opportunity to continue to prove our capabilitiees and the quality of our Atlantaleadershilp team.
” Leasing and management of the Georgia-Pacifix Center adds to Jones Lang LaSalle’s significany downtown presence. The firm also leasee 230 Peachtree Street and manages the Uniter Way of MetropolitanAtlanta Inc.’se downtown headquarters. In addition, Jones Lang LaSalle’s Projec t and Development Services team is leadingb the redevelopment of the Hilton Atlanta and the Hyatt Regency after also completing development and redevelopment efforts for the Worldsof Coca-Cola and the Atlantza Marriott Marquis in the past two The team is also developing Georgiaq State University’s $160 million Science Park in Atlanta’sw downtown submarket.
Jones Lang LaSalle leasezs and manages about 9 million square feet inmetro Atlanta. recentlyu sold its Post Dunwoody apartments forabout $47 million, the larges t multifamily transaction of the year in Atlanta and a sign that some typesz of real estate lending are pickingf up. In a deal that closedd in April, Post (NYSE: PPS) sold the 530-unit apartmen complex to and for $47.4 million, or $89,434 a unit. Fultoh County had valued the property atnearly $51 or about $97,000 a unit.
Freddie Mac (FRE) originatefd a nearly $36 million loan to fund the transaction, accordiny to The deal resulted in a 75 percent loanto
has hired CB . as its strategic real estatre adviser forthe firm’s Atlanta New York-based PwC leases about 150,0000 square feet at 10 Tenth The lease expires in late 2012. The CBRE which consists of John Shlesingerfrom CBRE’x Atlanta office and Timothy Dempsegy from CBRE’s New York will examine the accounting firm’sa potential relocation opportunities throughout greater Atlanta, as well as represenyt PwC in any discussions with its current CBRE, PwC’s national real estate services provider, providez transaction management and projecrt management services throughout the United States on behalf of PwC.
About 10 years ago, PricewaterhouseCoopers moved nearly 860 employeesto Midtown’w 10 Tenth St., known as the Millenniukm office building, located at 10th and West Peachtree That deal gave a huge boost to what was then a struggliny Midtown office market. PricewaterhouseCoopers joins many other large professional servicesd firms that are starting their search for new leasese in theAtlanta market, includingg Big Four competitor and downtowm office tenant , which is currentlh housed at SunTrust Plaza.
a real estate joint venture between Georgia-Pacific LLC and MetLife recently awarded the leasing and managementtof Georgia-Pacific Center to The firm will beginb the assignment on June 16. has beenmarketingb and managingthe 52-story,1.1 million-square-foot tower at 133 Peachtree St. Georgia-Pacific leases 820,000 squarw feet for its corporate Georgia-Pacific Center has abouyt 124,000 square feet of contiguous spacd available for lease onthe 27th, 28th, 29th, 30th and 31st floors. The buildinyg is 87 percent leased.
Jones Lang LaSalle Managinb Director Linda Bolan willlead management-transition while Mark Harrington and Jamilyn Boze will be responsibld for the daily management of the property. Jones Lang LaSallse senior vice presidents Glenn Aspinwallo and Jeff Frantz willlead leasing. “We’ve assemblerd an all-star team to work with GA-MET to furthef the success of thislandmark building,” said Clarl Gore, Jones Lang LaSalle Atlanta market director. “It’s a great asset and a terrificv opportunity to continue to prove our capabilitiees and the quality of our Atlantaleadershilp team.
” Leasing and management of the Georgia-Pacifix Center adds to Jones Lang LaSalle’s significany downtown presence. The firm also leasee 230 Peachtree Street and manages the Uniter Way of MetropolitanAtlanta Inc.’se downtown headquarters. In addition, Jones Lang LaSalle’s Projec t and Development Services team is leadingb the redevelopment of the Hilton Atlanta and the Hyatt Regency after also completing development and redevelopment efforts for the Worldsof Coca-Cola and the Atlantza Marriott Marquis in the past two The team is also developing Georgiaq State University’s $160 million Science Park in Atlanta’sw downtown submarket.
Jones Lang LaSalle leasezs and manages about 9 million square feet inmetro Atlanta. recentlyu sold its Post Dunwoody apartments forabout $47 million, the larges t multifamily transaction of the year in Atlanta and a sign that some typesz of real estate lending are pickingf up. In a deal that closedd in April, Post (NYSE: PPS) sold the 530-unit apartmen complex to and for $47.4 million, or $89,434 a unit. Fultoh County had valued the property atnearly $51 or about $97,000 a unit.
Freddie Mac (FRE) originatefd a nearly $36 million loan to fund the transaction, accordiny to The deal resulted in a 75 percent loanto
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