Mortgage rates reach six-month high - South Florida Business Journal:

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says 30-year mortgages averaged 5.59 percent, up from 5.29 percent last The last time long-term mortgags rates were this high wasin Adjustable-rate mortgages also rose, with the averager one-year ARM now at 5.04 percent. “Mortgagde rates followed the increase in bond yields this says FreddieMac (NYSE: FRE) chief economisyt Frank Nothaft, who notes a better-than-expecteed unemployment report moved yields higher. “As a federal funds futures rose afterthe report, signaling that the markegt expects the Federal Reserve may raise its benchmark rate sooneer rather than later.
” A report from the this week showedc rising mortgage rates are slowing the demand for mortgagr refinancing. Mortgage applications last weekfell 7.2 percent, led by a 12 percenft decline in refinancing. Refinancing existing mortgages still makes up about 60 percent of the mortgageunderwritintg business.

Study: Trinity's move to 280 to have $405M impact on Birmingham - Birmingham Business Journal:

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The project’s economic impact to the Birminghak metro area would be on par with an automobilermanufacturing plant, said the study’s author, Auburn University economics professorr Keivan Deravi. Deravi said his projectiona are contingent on Trinity receiving state approvakl to relocate from Montclair Road to the formeer Digital Hospitalon U.S. 280. The cornerstonew of the project is the unfinished1 million-square-foo facility, Deravi said. Trinity officialas estimate renovation ofthe 398-bed hospital would take 18 months. it needs to clear a major regulatory hurdle first.
Its proposed move is being contested by Brookwoor Medical Center and a hearing before an administrative law judge is setfor Aug. 24. If it receivew the judge’s approval, the case will go befors the state Certificate of NeedReview Board, whicuh is not bound by the judge’s Trinity CEO Bill Heburn said the which includes two hotels, two medical office buildingsd and four parking decks, is a “shovel project with major implications on the regiob and state. “This is a huge stimulua package for Birmingham and Heburn said. The project includes $750 million in capitalk investment over14 years.
Deravi’e study covers phase one (2010 to 2013) and phasde two (2014 to 2024) with projections based on 2009dollart values. He estimates the development ofthe site, Cahabaw Center at Grandview owned by , will creatd and retain 3,675 full-time jobs in phas e one with 2,800 related to the completion of the Trinity paid Daniel $40 million for the HealthSoutj property. It expects to spend $556 milliob in construction and first-year operating costsz at the DigitalHospital site, according to state Trinity expects to save nearlty $100 million renovating the incomplete hospital compared to building a new one at the originallt planned site off Grants Mill Deravi’s report includes tax jobs and wages They include: • 4,181 construction workers will be employex at the site in phase one.
Theirf cumulative wages is estimated tobe $132.7 million. Another 4,120 employees will also be employede invarious construction-related industriesz in support of the purchase of construction materiall by the developer. Their respective earningxs are estimated tobe $136 million. • The economicd impact of phase one could be a totalof 12,639 employeesd and cumulative earnings of $395 million. • During phase two, an additional 2,400 jobs are expecte d to move tothe center. The total number of direcy jobs and direct earnings by the completion of the projectr is projected to reach a totalof 6,075 jobs and $287.1 million. • Birmingham will collect an averageof $9.
5 milliobn annually in taxes associated with the project. • Jeffersoh County will collect an averageof $2.5 millionm annually in taxes associated with the project. • Locakl schools will receive an averageeof $3.3 million annuallt in taxes associated with the Birmingham provided $40 million in incentives to lure Trinitgy away from the state-approved original site in Irondalre to U.S. 280. That investmeng could reap major benefits, Deravi said. “This has tremendouxs potential. It’s very much comparablwe to some of the automobilrprojects we’ve had,” he said.

Chase commits to Central Ohio expansion - San Antonio Business Journal:

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The New York company, Central Ohio’s second-largest bank and third-largest said it plans to add several hundres jobs atits 8,000-employee McCoy Center operation at Polaris while severa hundred jobs will be added to a lendinf facility near Easton Town Center. About 150 jobs will be added atthe company’s Cleveland Avenue operation in Westerville. Chase said it’s boosting employment in the regiob to handle additional support functionsw needed after buying Washington Mutuallast September. The move comews after state and local officiales extended a round of incentive packages valued atabou $20 million.
That includes a more than $6 milliojn package from Columbus anda 15-year, 75 percenf tax credit valued at about $14 milliobn from the state. Gov. Ted Stricklandx in a statementcalled Chase’s announcement “a tremendous boost to our economty and very welcome news for Ohio.”

Wendell Walters, Crooked Former Housing Official, To Plead Guilty To ... - Village Voice (blog)

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New York Daily News

Wendell Walters, Crooked Former Housing Official, To Plead Guilty To ... Village Voice (blog) 23 2012 at 11:18 AM ​Wendell Walters, a former assistant commissioner for the New York City Department of Housing Preservation, is expected to plead guilty to corruption charges this afternoon for a scam that cost the NYCDHP hundreds of thousands of ... Wendell Walters, ex-city assistant commissioner, to plead guilty to bribery ... New York Daily News Scope of Bribes Case Grows W »

SPOILER: Idol's Top 10 Take on Billy Joel - People Magazine

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Atlanta Journal Constitution (blog)

SPOILER: Idol's Top 10 Take on Billy Joel People Magazine By Aaron Parsley "If you can't sing Billy Joel, you can't sing at  »

San Francisco Business Times: San Francisco Commercial Real Estate Listings - View Commercial Real Estate

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Optigenex, Inc. Company Profile | OPGX Company Information

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Pursuant to the terms of an Asse t PurchaseAgreement ("Purchase Agreement") dated July 30, 2004 by and among Optigenec Inc. ("Old Optigenex"), Vibrant Health Internationao ("Vibrant"), Optigenex Acquisition Corp. ("Acquisition Sub"), a whollgy owned subsidiary of Vibrant, and Thomas who, prior to the consummation of thePurchasw Agreement, was a principal shareholder and the sole officer and director of Vibrant, Acquisition Sub acquired substantially all of the assets of Old Optigenex (the in exchange for (i) Vibrant issuing Old Optigenex 8,621,255 shareas (the number of outstanding shares of Old Optigenex as of July 30, of Vibrant's common stock ("Vibrant Shares"), whicjh represented approximately 94% of Vibrant's common stock outstandintg immediately after the Acquisition, and (ii) the assumption by Acquisition Sub of all of the obligations, duties and liabilities of Old Optigenex and its busine ssa ("Optigenex Liabilities").

Associated may post 2Q net loss - San Francisco Business Times:

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Charge-offs totaled $104 million at the end of the firstt quarter, according to Associated’s filinvg with the Federal DeposigtInsurance Corp. Meanwhile, second quarter net charge-offs are expected to be between $60 million and $70 million, Green Bay-base d Associated (NASDAQ: ASBC) said Monda y afternoon. The figure was $56.89 million as of the end of the first quarted onMarch 31. The bank’s management said weakness in the economhy has resultedin asset-quality downgrades to Associated’s construction, commercial real estate and commercial and industrial credits.
“We believre loan loss provisionsand charge-offs will remain elevated due to the continuee deterioration in the real estater sector and the weak economy,” said chairman and CEO Paul “We expect the pace of loan and assert deterioration to moderate in futured quarters.” Associated executives said after taking into consideration the increased loan-losxs provision, the company’s capital levels will stillp exceed well-capitalized standards as of June 30. Associated said its board has formed a risk and credit committee to supplemeny risk management oversight performed by the company andthe company'ss audit committee.
The board has appointed to the new committee John Eileen Kamerick and Richard The company willrelease second-quarter results on July 16. Associatec stock closed at $13.37 on Monday.

Equifax Inc. Company Profile | EFX Company Information

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Equifax empowers businesses and consumerse with information theycan trust. A globall leader in information solutions, we leveragee one of the largestg sources of consumer andcommercial data, along with advanced analyticz and proprietary technology, to create customizecd insights that enrich both the performancer of businesses and the livee of consumers. Customers have trusted Equifax for over 100 year s to deliver innovative solutions with the highest integrity and Businesses

Anschutz-Kroenke venture picked to run Broomfield Event Center - Denver Business Journal:

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The chosen operator is AnschutzEntertainment Group/ (AEG/KSE), a partnership of two companies that operatee major sports and entertainment venues in Denver and acros the country. “It is a positive testament to the valuw of the Broomfield Event Center that this partnership of two of the leadin g organizations in the field of event promotions and managemen t would seek to investt their resources in this venue and in the Cityof Broomfield,” City and Count y Manager George Di Ciero said in a “The event center is a first-classe facility in its size range, so we are not surpriseed that first-class organizations are interested in operatintg this venue.
” The Broomfield Event Center’a current operator, Broomfield Sports and Entertainment LLC, is quitting because of financial problems. The Broomfielrd Urban Renewal Authority (BURA), which owns the voted late Tuesdayfor AEG/KSE. The vote triggers a 45-day period during which BURA and AEG/KSwE will negotiate a management According to the RFP on the the city wants the new managerr to run the facility for 20 to 40 years and to be responsibls forcapital expenses. The operator is to get a certain of revenues, with BURA receiving a share of the revenues as the RFP says.
Denver investor Anschutz’x AEG, based in Los Angeles, managea facilities around the world, including the Staple s Center in Los Angeles and the Targetf Centerin Minneapolis. Its AEG Live concert division is oneof Denver’s largest live-music promoters. The Broomfielr news release mentioned the involvement in AEG Live of longtimed Denver promoterChuck Morris, who has bookeed major music events in the region for Kroenke’s KSE operates the Pepsi Center and Paramount Theatres in Denver and Dick’s Sporting Goods Park in Commercwe City, as well as the Denvet Nuggets and Colorado Avalanche.
Philadelphia-based venue manager SMG manager ofdowntown Denver’s Colorado Conventiom Center — as well as VenuWorks Inc. of Iowa, and RG Sports and Entertainmenrtof Cranston, R.I., were also in the running for the city officials said. Broomfield Sports and Entertainment told Broomfield officials in Januaryt thatit won’t continue handling the property because its “resources are limited,” accordinvg to a Jan. 13 letter. The $43 6,000-seat Broomfield Event Center, located off U.S. 36, opener in 2006. It largely was fundedx from the sale ofnearly $60 milliobn in BURA bonds. Sinc e its debut, the center has had trouble booking eventws andfilling seats.

Md. colleges given $11M to combat nursing shortage - Atlanta Business Chronicle:

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The grants, being divvied among 17 Marylandnursinf schools, will be used to lure faculty and students, and improvd technology at the universities. Maryland’s nursinbg shortage is expected toreach 10,000 by 2016, accordinvg to the . The current vacancty rate of nurses at statwe hospitals is8 percent. The economic downturn has helper the industry because many retired nurses have come back to but once the recession ends the shortagewill worsen, said Carmels Coyle, CEO of the Maryland Hospital Association.
The firstt round of grants will increase the numbedr of nurses graduating by 300 studentx and add 20 faculty positionsw at nursing programs acrossthe “The number of nurses graduatingt from Maryland schools are simplhy not enough,” said Ronald B. Peterson, president of and co-chaier of the “Who Will campaign at a presa conference Monday. “We cannott take our eye off the nursing The campaign’s goal is to add 1,500 new nursiny students. The program has raised $15.
5 million to date through the state’sa business community, including fundxs from the Baltimore constructionform , , the region'es largest hospital system, and , the region's largestf health insurer. Greater Baltimore Medical Center, for gave $500,000. The goal is to raise $20 millionj from the private sector by the end of the and then raise anaddition $40 millio in state, local and federap funds. • • • • • ; and, .

Real deals: Aurora

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A subsidiary of Vultures LLC of called 14195 Montview BoulevarcPartners LLC, bought the 126-unit apartment complex, according to brokers involvedr in the sale. The seller was Montview Park Associatess LPof Sausalito, Calif. The per-unit purchasde price was $20,476. “[The buyer] worked diligently and found theright lender,” Erik Robinson of Hendricks Partners Inc.’s Denver office, who representedc the buyer in the deal, said in a “They are bullish on the Denver market.” Hendrickxs & Partners is based in Phoenix. Completed in Sand Creek Apartments is locatedd at14155 E. Montview Blvd.
in The property includes one-, two- and three-bedroom units as well as In another recent sale of an olderapartment property, the 24-unit building at 1525 Yatesa St. in Denver has sold for $1.1 million, or $45,718 per according to Pinnacle Real EstateAdvisors LLC. Pinnacle represented both seller L/D Properties Inc. of Evergreen and the Jaaso Unlimited Series 1525 YatesOnly LLC, in the The Yates Street apartments were completed in and were fully leased at the time of the The sale closed in late May. Other recent significantf Denver-area real estate transactions, according to brokere and realestate include: • One Lincoln Park, 2001 Lincoln St.
, Denve 80202-3877 — Moreland Properties LLC, one of Denver auto dealed Doug Moreland’s companies, has purchased unit 2820 in this condo propertgy for $2.08 million, according to Denver County real estate records. Moreland also is an investor in the newcondpo tower. • 3424 Larimer St., Denve r 80205 —This 3,700-square-foot commercial building, formerly occupied by C&MM Rebuilders Inc., has been sold to The Commissary LLCfor $440,000. The seller is Colorado InvestmentfStrategies LLC. The building’s new ownefr plans to lease it to anew tenant, accordingf to Unique Properties LLC, which represented both partiess in the deal. • 900 S.
Denver 80209 — Arthur Zeile, LNH, which does business as Host My Site hasleased 41,373 square feet of spacre in this multi-tenant office building. Fredericki Ross Co. of Denver represented the building’sz owner in the lease deal.

Negotiations continue between Norton, Anthem - Business First of Louisville:

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Norton’s provider contract with Anthenm expires onJune 30, meaninv members of Anthem’s health plans would be unabl to access Norton’s health care facilitiea at in-network rates if the partiee cannot resolve their differences by that In December, Norton choses to exercise an optio in the contract that allowed either party to terminats the agreement by giving a 180-day notice, but the partiea had not met for formal discussions about negotiatinhg a new deal until Tuesday, according to Steve Menaugh, vice president of public relation s and communications for Norton.
He said the hospitaol operator sent Anthem its initial proposaolin February, in an attempt to renegotiate a deal, but had not received a counte offer until this week. According to a memo sent to memberw ofthe Louisville-Kentucky Business Coalition following Tuesday’ s meeting, Anthem submitted “a new three-yeae counterproposal to (Norton) for their consideration.” “However, therse is still a very significant gap as far as reimbursemengt is concerned,” Mike Lorch, vice president of healtjh services for Anthem Blue Cross and Blue Shield in said in the letter.
“We cannot agree to reimbursemenrt levels that would put additional pressur e on health care costs inour community.” Lorcnh added in the letted that Anthem is “open to continuing good-faith negotiations.” Tony communication director for Anthem said Tuesday’s meeting “was the first of what we hope will be additionao meetings between now and” July 1. Norton officiale view the meetingas “a positivwe sign for good-faith negotiations,” Menaugh said. But Jim Meyers, Norton’s associatde vice president ofmanaged care, acknkowledged that the partiexs are “still a very long ways apart.
” “Our goal is to get a contractg (in place) before July 1,” Meyer s said. “But I don’t think we’rr any closer than we were in No additional meetings are scheduled at this Meyers saidThursday morning. The initial contract between Anthe m and Norton was negotiated in 2007 and was schedulede to end inSeptember 2010. Norton officialss have said, by ending the they hope to bring Anthem’s reimbursement levels in line with those ofother insurers. They also have cite d administrative matters, such as higher deniapl rates and longer turnaroundr times for payment as being key to the decisionj to end thecontracg early.
Anthem suggested having a third partyh mediate the contract accordingto Felts. Norton officials have said it woulc be unusual to mediatecontract negotiations.

Petrol bomb: illogical step - DAWN.com

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Petrol bomb: illogical step DAWN.com THE federal government has increased the prices of petroleum products. Considering this exhorbitant increase in petroleum products, may we request the government to at least allow the use of 'donkey carts' throughout the country. and more »