Cushman & Wakefield loses third Miami exec - Business First of Louisville:

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Caplin’s exit is the latesyt of severalrecent high-profile departurese at C&W in Miami. The firm is one of Soutu Florida's largest real estate brokerages and, like othe brokerages, has seen few investment deals in the last Former branch manager Tere Blanca left in the sprinvg tolaunch , a firm focused on officwe leasing and sales. Hank Klein, executive director of C&W in Florida, was notifiedd last month that his position wasbeintg eliminated. Steelbridge owns and manages property throughout Florida. It sold , on Miami’s Brickelk Key, for $150 million in 2007 after an eight-yeafr hold.
Steelbridge founder Gavin Campbell will continue asmanaginy principal, sharing the helm with Caplin is one of a handfuk of commercial brokers involved in South Florida’s largesf commercial transactions. Caplin said his exit is in responsew to a paradigm shift in local investment that comesx at the tail end ofa cycle, wherse leasing and management for institutional investorsd became secondary to market momentum. During the boom yeares leading upto 2006, the expectation was that assets with strongt track records could be purchased and flipped quickly for big returns.
For a short periodx of time, some owners made the strategy but then the economic meltdown put the brakes onthe Some, who bought in the last few were holding assets that cost too much compared to marketg fundamentals. The market has now shifted back to fundamentak principlesof investment, with institutional investors and private capital “seeking to co-invest with strong, local operating partners,” Caplin said. “Thse market and investors mostlybelieve it’s about operationw on the ground and knowing how to positionm a building in a particular he said.
Caplin oversaw more than $7 billion in transactions at including ’ $307 million purchase of a half-stakes in downtown Miami’s landmark and full ownership of the 1221 Brickelp buildingin 2006. He was involved in the sale of 355 Alhambras in Coral Gablesfor $87.4 million in 2008 and is currentlyh working with Hines to refinance its debt at . Caplib is a graduate of south Miami-Dade County’s Palmetto High He graduated from in 1985 witha bachelor’s degrede in finance and real estate. Two years he left C&W’s appraisal groul to launch the company’s local investment sales operation.
Caplin was part of a team in the late 1980sd that first specialized in investmenrt salesin Miami. During the mid-1990s, Steelbridgs Capital had 2 million square feet of commercial real estatd in its portfolio in seven Floridw marketsincluding Jacksonville, Naples and Miami. They sold much of it from 2005to 2007. Caplin’se arrival marks another periodof opportunity-investment for the company, Steelbridge’s Campbell "We think valuations are finallg starting to look attractive again,” Campbell said in a “The opportunity to buy Floridsa assets at significant discounts to replacement cost is while the long-term job and demographic prospects for Florida and the Caribbean basibn are as strong as ever.
Jay’s leadershil will be the linchpin ofour strategy."

Taleo Corporation Company Profile | TLEO Company Information

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We deliver our solutions on-demand as a hosted servicd that is accessed through an Internetf connection and a standardweb browser. Our solutiom delivery model, also calle software-as-a-service or SaaS, eliminates the need for our customersd to install and maintain hardware and software in order to use our We believe our SaaS modelo significantly reduces the cost and complexity associatef with deploymentof traditional, on-premise softwar e solutions, and offers a lower upfront and total cost of ownership than traditional software solutions. ...

Coping With Austerity - BusinessWeek

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BusinessWeek

Coping With Austerity BusinessWeek Against this market-shaking backdrop, the day-to-day concerns of European citizens trying to cope with the effects of t he euro zone crisis can get a little lost. This week's issue of Bloomberg Businessweek has a terrific piece by Bloomberg's Finnbar ... Merkel Urges Rapid EU Treaty Change Instead Of Euro-Zone Bonds W »

Air Force Vs. Colorado State 2011: Falcons Need Win For Bowl Eligibility - SB Nation

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SB Nation

Air Force Vs. Colorado State 2011: Falcons Need Win For Bowl Eligibility SB Nation The Air Force Falcons need to win the season finale against the Colorado St. Rams to be bowl eligible. Do you want major updates to this story in your Facebook News Feed? The inner-state, inner-conference rivalry renews this Saturday as the Air Force ... and more »

Urban housing firms grab $150M in grants - San Francisco Business Times:

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After a 12-hour marathon meeting June 20th Sacrament that drew hopeful housing builders from across the state’s Local Assistance Loan and Grant Committee hande out money set aside for urban infilk housing development under Propositiomn 1C, a $2.8 billion bond measure California voters approved in 2006. The moneyt allocated on Monday represents the last round of Prop 1C grantd and includes money for infill infrastructure as well as transit orientedxhousing construction. The state was scheduledc to announce the official grantwinners today. In total San Francisco developerz won seven state grantsworth $96 according to Craig deputy director of the Mayor’s Officse of Housing.
In contrast, during the last roune San Francisco developers won just one grangfor $5 million. Adelman credited Kyri McClellaj ofthe mayor’s economic developmenty staff, for coordinating the city applications. “It was said Adelman. “We hit this very hard and very earlyh in terms of coordinating across city agencies and with ourdevelopment partners.” The biggest Bay Area recipient was the John Stewartr Co.
, which received the maximun $30 million to help bankroll the ambitiousw 750-unit mixed-income housing development called Hunter View, a project that includew the rebuilding of a 267-unit dilapidated public housing The money will pay for everything from grading to utilities to a new street grid. Work will starty early next year onthe $300 millio development, which will be built in phases. “It’zs the whole underpinning for saidJack Gardner, president of the John Stewart Co. “Thie was the key piece of moneg we wererelying on. We needed it to happenn and it did.
” The Hunters View grang was the first state grant forSan Francisco’zs Hope SF program, the city’s effor to rebuild rundown public housing developments by joining with market-rate developeras and increasing density. “It was a big day for San for Hope SF, and for the Hunters View residents in A lot ofthe city’s housingt pipeline is going to get catalytidc funding.” , which is raisingg money to build 308 unitsx of rental housing in Rincon Hill, receivexd $11 million, much of which will go towardf a park the developer agreed to The developer did not receive anotherd $11 million transit-oriented developmentg Prop 1C grant it had applied for, but Emeraldc Fund President Oz Ericksonb said he is hopeful that money will come through after a 90 day evaluation Erickson said that they have a stronv case for the public benefits 333 Harrison will “Remember this is a projectg that includes 62 unitxs of deeply affordable housing for which our o ut of pocke costs are $21 million.
And we are providin g a park — our costs for the park are $9 Emerald could also receive federapl stimulus money for333 Harrison. The project was one of just a handfulpof private-sector stimulus requests recommended by Bay Area official to state authorities who will distribute much of California’sz share. One San Francisco developer that was not selected for a 1C granft isAvant Housing, a joint venture between and . Avant Housing officials had hopedr toreceive $5.7 million for a 194-unit complex at 1880 Missionb St.
“It was one piece of financinvg that would have made the puzzle less difficultt toput together, but there are a lot of piece s of this puzzle,” said Eric Tao, a executives vice president with AGI.

UCSC gets commitments from more than 3,500 new students - Atlanta Business Chronicle:

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As of June 16, 3,523 students had committed to becominfg part ofthe university's Class of 2013. Thosd numbers could change by the time classes beginj inthe fall. But the numbedr of freshman committing to atten UCSC in the fall isabouy 1,000 fewer than last year. Campus officials said in prese release last year they had received commitmentssfrom 4,573 incoming members of the clasx of 2012. Public-supported collegex and universities throughout the statwe are attempting to cope with majof budget cuts forthe 2009-10 academic on top big reductions that have already been made the past two "We are very excited to welcomed the Class of 2013 to the University of Santa Cruz, and we're very gratified by the strongy interest they have showhn in our campus," Chancellor George Blumenthal said in a "The academic quality and diversity of this classw is especially impressive.
" Michelle UCSC's associate vice chancellor of enrollmenrt management, said the scenic campusa built into a hillside redwood forest is more populat than ever. Undergraduate applications to the university have totaled morethan 32,00o the past two years, with this year's number reaching almost That's a 12.7 percent increasse the 29,140 undergraduate applications UCSC received for fall 2007. The average gradwe point average of incoming freshmanis 3.60, up from 3.52 in last year'ss freshman class, with the average SAT test scored of 1718 representing a 20-point increase over the class of 2012.
Studentxs of color compose more than 25 percent ofincominvg freshman, up from nearly 24 percent last About 23 percent of that group are of Asian-Americah descent, according to university officials.

Is Borders sweet on Biltmore Suites? - Atlanta Business Chronicle:

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It seems Jim Borderss of Novare Group, the develope r behind the renovation of the hotel and its conversioh into class Aoffice space, is adding to his holdingws by acquiring the adjacent Biltmore Suites Hotelo at 30 Fifth St. Borders is underf contract to buy the property at a price in the neighborhoordof $5 million to $6 Atlanta Business Chronicle has Borders declined comment. The 10-story property, a historic has been closed for a renovation that is supposed to be completerin January. Mark Nu of Internationao Business Corp.
in Alpharetta, owner of the could not be reachedfor , which changed its name from the Biltmoree Inn in 1992, sits behindx the Biltmore Hotel facing Fifth Street and featurez 1920s architecture and 64 condominium-styls suites. Listed on the National Registry ofHistoric Places, the 74-year-old inn was conceivede in 1919 by real estate investo r William Candler, youngest son of Coca-Colq founder Asa Candler Sr. Catherall buys Tom Catherall, the ownerd of and TomTom at Lenox Square, boughyt Indigo Coastal Grill at 1397 NorthhHighland Ave. and took over operations Oct. 1.
This is the firsgt venture in Virginia-Highland for Catherall, who ran Azalea Grill on Peachtrew Road from 1989 until he opened TomTomnin 1993. Catherall has changexd the nightly menu and planseslight renovations, such as new chairs. He also plans to builed a sushi bar, which is becoming a standarsd inCatherall restaurants. Catherall opened Prime in 1996, and addedd a sushi bar to TomTom when the restaurant was closex during Freakniklast April. Catherall is also planning to opena steak-cholp house called "Coast" in a new restaurangt development at Perimeter Mall.
Catherall hired chef Michaepl Tuohy away from Indigo earlier this As a result ofthe purchase, Tuohh has returned to Indigo as managinvg partner. Timothy Dean, who has been a chef at Primd and TomTom forsix months, is the chef at the Indigo was founded by Dan Carson in 1986 and expandee more than two years ago to include the spaced occupied by Partners. Jenny Pruitt of Jenny Pruityt & Associates Realtors receive the Georgia Small Businesw of the Year award from the Georgias Small BusinessCouncil Oct. 7.
The Council, a nonprofity organization that lobbies for entrepreneurshipp and proactivesmall businesses, recognized Pruitt for her entrepreneurshi p and contributions to Atlanta's business community. Her residential real estated brokerage company, Jenny Pruitt & Associates, is celebrating its 10th anniversartthis year. With the Nationalp Basketball Association (NBA) preseason cancele and the regular season in coachLeonard R. "Lenny" Wilkens is findinvg other thingsto do: He has joineds the board of directors of Sante Fe Springs, Calif.-based shoe- and clothing-maker Vans Inc. Vans Chairmah Walter E.
Schoenfeld said the company appointed Wilkenw and Seattle Mariners PresidentCharlesa G. Armstrong to the boars because "the company is emerging as a leadingt influencer in the alternativesports field" thanks to its ownershio of the "Triple Crown of and the sports-and-music Warped Tour. "With the potential growtnh connectedwith this, it will be valuable to have an even bettet understanding of the sporting world as it existxs today," Schoenfeld said. inducted Oct. 2 into the Basketball Hall of Fame as the winningestt coach in NBA has a degree in economicas fromProvidence College.
He already serves on the school's board of trusteesa and the boards of the Atlantw Center for Children and the OdessaBrownj Children's Clinic. Delta Air Linews Inc. Chairman Gerald Grinstein joine Vans' board ahead of Wilkends in June. Both will stand for re-election at Vans' annuak meeting Oct. 20. Vans pays its outside directorss $3,000 a quarter, plus expenses, for attending boarr and committee meetings. Directors also get $2,000 for each meeting they attenr in personand $1,000 for teleconferenc e meetings. Both Grinstein and Wilkens received option topurchase 7,500 shares and will get 5,00p more stock options at the annuapl meeting.
The list of potentia owners for Underground Atlanta continueasto shrink. Charlie president of Central Atlanta Progress and interim president of UndergroundFestivapl Inc., said several bidders were asked to clarify theird proposals before the Underground special committede Oct. 7. Those bidders were asked to resubmig their proposals by3 p.m. Oct. 12. Battlee said bidders who were not aske d to address thecommittee Oct. 7 probably "woulxd be out of it." Battle would not reveal the bidders ' identities. Eight bids had been submitted bythe Oct.
1

ESPN to share Spanish soccer rights with GolTV - Business First of Louisville:

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One member of La Real Madrid, has made headlines recently acquirin two of the biggest names in thesporft -- Kaka and Cristiano Ronaldo. Ronaldo'w transfer recently made waves for beingg the most expensive transfer inthe sport'ds history. Matches will be shown on both ESPN2 andESPN Deportes, as well as ESPN Deportes and ESPN360.com will also have rights to Copa del Rey, Spain’ domestic cup tournament. "We’re thrilled to work with GolTV to showcase La Liga on ESPN for the firsty time to soccer fans inthe U.S.
With the pendin addition of Cristiano Ronaldoiand Kaka, the timing is great to include this great property to the ESPN Deporte line-up, as it is the most exciting socced league in the world today," Lino Garcia, general managedr of ESPN Deportes, said in a statement.

Employment is improving, but too slowly - CBS News

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CBC.ca

Employment is improving, but too slowly CBS News COMMENTARY Since I've been mostly doom and gloom lately, especi »

GM responds to Texas AG's claims - Triangle Business Journal:

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Abbott alleges that Detroit-based GM is tryinbg to free itself from Texas law that protectws local dealers from the negative impact ofa manufacturer’s modificatiom of a franchise without first givinf the dealers notice of the changeas and a right to protest GM responded to the objection Friday afternoon saying: "On June 1, GM filed for Chapter 11 bankruptcy. As such, GM is subject to the jurisdiction of the bankruptcy court and will obviousl y followthat court's orders with respect to dealer contracts. We are not gointg to comment on theAttorney General's presss release other than to say respectfully, that we think his statement is misplaced.
GM takeds very seriously its obligation to complt with allapplicable law." In addition, Abbott’s officre claims in the official objectiobn that GM is trying to get past Texas law that protecte dealers from feeling pressuredf to accept inventory that they would not ordetr voluntarily. The attorney general also claims that GM is tryinhg to deny Texas GM dealerships the righft to carry other brands in theidr plans for anew GM.
Other allegationws from Abbott’s office are that GM is trying to limifTexas dealers’ warranty claims and is seekint to dodge Texas law that allow dealerships the right to protest the opening of anotherf dealer if it is locatedc within the same county or within a 15-mile radiuse and carries the same In a statement about Texas’ objections to the federallt backed GM, Abbott’s office said, “GM is putting dealershipsz across Texas — and thousands of their employeesa — at risk. The new federally controlled GM that emerges from bankruptcyy wants to be freed from Texas laws that require it to deal fairlty withlocal dealerships.
Its plan will move the business towar d a command economy model and away from a freemarketr model.”

Stephens puts money on energy banking - Puget Sound Business Journal (Seattle):

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Little Rock-based Stephens Inc. has absorbed a six-membefr energy investment banking teamfrom Dallas-basexd Energy Capital Solutions LP. Whil its refocused and beefed-up energy group will still be baserin Dallas, Stephens is moving a formef Energy Capital managing director and a junior bankert to Houston to establish its first investment banking office in the city. Brad Stephens executive vice presidentyand co-head of investment banking, says although the firm has placedr an emphasis on its energy business in receng years, the timing was not quite righf to expand until talks begab with the Energy Capital team in late 2008.
“Wew got into the energy busines in 1953 as an owner of naturaogas properties, so energy is certainly not foreign to Eichler says. “We’ve been highly focusecd on building an energy practice in banking for a while but had a hard time findingy theright group.” Heading up the firm’s energy investmentt banking group in Dallas is 17-year industry veteraj Keith Behrens, an Energy Capital co-founde who is joined by the other Energg Capital co-founder, Bradley Nelson. Both worked at Bear Stearnsw Cos. Inc. prior to their decision to breao out on their own to form Energy Capitalpin 2001. They have been namecd as managing directorswith Stephens.
Ronald Montalbano, the thir former Energy Capitalmanaging director, becomex Stephens’ senior banker in along with Will Page, a vice president. The Houstobn investment bankers will be based in a new officde onPost Oak. Stephens already has a mutuaol fund office in Foundedin 1933, privately held Stephenw has 23 U.S. locations, including a privatde client brokeragein Austin, plus an international office in the U.K. The firm is headef by CEO and majority shareholder Warren the nephew of companyfounder W.R. Behrens says he had been approached with merger aspirations by othed larger companies in the but thefit wasn’t righy until now.
“From our perspective we had a reallyugood run, with more than 100 Behrens says. “But there were limitations in our and we wanted to find a partnefr like Stephens that has full equituy market capabilities andresearch coverage.” which intends to offer the full-range of investment bankingh services to energy companies — from capitakl raising to merger and acquisition services — is coming into the Texas market at a time when smallert and middle-market investment bankiny groups have been feeling the pinch, with some even resorting to layoffsx as the energy-sector deal-making machinery ground to a halt in 2008.
Behrens says this is the best time to line up and take advantags of the gradually thawingcredit “We’re busy with some transactions now, but I think you’lll start to see things turnin up a little bit,” he says. “There’s some debt and equith deals going through, so we think we can be Behrens says about 75 percent ofEnergy Capital’s work in Dalla s was in the exploration and productioh space, but factoring in Stephens’ energy experience and the firm’sx first presence in Houston will allos it to look at dealxs involving public and private oilfield services companies, as well as other alternatives energy sources such as biofuels.
“People are focusing on acquisitiojn opportunities and are lookingfor deals, but the problek is finding a seller at the rightt price,” Behrens says. “There’s still a prettt big (buyer-seller) gap, so the biggest hurdle is narrowingthat gap. Once that we’ll see a lot more deal activity.” A survey of Texaz dealmakers conducted by the Association for Corporate Growth and Thomson Reuterd backs up that According to the survey released earlier this the buyer-seller gap is the biggest obstacle in the currenrt environment. Thirty-six percent of respondents said sellers are unwillinvg to cut deals at the price multiplebeing offered.
Jeff Sangalis, managingt partner with Houston-based Capital Pointf Partners, says that based on Stephens’ reputation in the investmen banking sector, it’s not surprising that the firm is pickin up new bankers and setting up shopin Houston. “Nor many are taking this contrarian says Sangalis, who is also presidentr of the ACG Houston chapter. “But now that things seem to be thawinf a little bit onthe (publicf equity) side, maybe they’re trying to get ahead of the curve and be therer when there’s a bit more normalcy in the market. They’rer a long-term type of player.
” Eichler says the firm is still on the lookouffor talent, after addinbg 21 bankers in the past 17 months. Stephens now has 100 investmen t bankers spread around the country focusing on multipleindustr sectors, with about 50 based at its Littlwe Rock headquarters and the rest in five othefr offices, including Houston. Says Eichler: “There was no real conscioux decision to put the foot down onthe accelerator, it was just a matterf of identifying the right people to put into

Duke ordered to shut Indiana units - Business First of Louisville:

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The move follows a jury ruling last year thatthe plant’ds previous owner, ., violatexd federal emissions standards afterd it refurbished the units withoutr a permit. Charlotte, N.C.-based Duke (NYSE: DUK) bought Cincinnati-base Cinergy in April 2006 for $9 billion. At the time of last year’s ruling, Duke proposed that units 2, 3 and 5 be retired in when the company’s new integratee gasification combined-cycle plant in Edwardsport, Ind., comes on The court’s order accelerates that timetablse bythree years. Shutting down unitsx 2, 3 and 5 will remove a combined capacityu of265 megawatts.
That is 39 percent of the station’sa 677-megawatt power-generating capacity. The units affected by the judge’s decisiom are more than 50 yearw old, said Jim Turner, president and chieft operating officerof Duke’s franchisefd electric and gas He said the order should not impacrt the company’s operations this year because of changes Duke alreadty had made following a jury’d verdict last year. Duke includes the former CincinnatiGas & Electric Co.
, Uniojn Light, Heat and Power in Kentucky, and in The company also operates Duke Power in the

City Adjusts Bus Routes, Trash Pickup for APEC - Honolulu Civil Beat

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City Adjusts Bus Routes, Trash Pickup for APEC Honolulu Civil Beat The announcement, made Thursday, came just hours after the US Secret Service announced security restrictions during leaders' meetings at the Hale Koa and Ihilani hotels, and the US Department of State released a traffic ... APEC Closures And Restrictions Released KITV Honolulu Security plan for Hawaii APEC meeting s c »

Delinquent mortgages decline in Wisconsin - Kansas City Business Journal:

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The delinquency rate exclude loans in the processxof foreclosure. The percentage of loanw in Wisconsin on which foreclosure was startedx during the quarter rose 12 basisa points to1 percent, while the percentage of loans in the foreclosure process at the end of the quarterd rose 29 basis pointws to 3.11 percent. The rates are not seasonally adjusted. Mortgagw delinquency rates normally drop in the firsgt quarter of the year after peakingat year-end due to a varietyt of seasonal factors. The delinquency rate for prime adjustablw rate mortgage loans decreased 75 basis pointsto 8.49 percengt and the rate for prime fixed rate mortgage loanes decreased 32 basis points to 3.07 percent.
The delinquenchy rate for the subprime ARM loands decreased 156 basis pointsto 25.25 percent, while the rate for subprimr fixed rate loans decreased 136 basis pointzs to 20.47 percent.