ejyceh.wordpress.com
stores will open within weeks of each otherf latethis year. The 125,000-square-foot Kroger Marketplace which will both feature thesame layout, will be located in Brazos Town Center in Rosenberg and at Watersidw Marketplace in Richmond. The Richmond Kroger is slatedf to open inearly November, whilw the Rosenberg store will open in “We view these as two separate growth says Gary Huddleston, consumer affairse director of Kroger “We believe that these stores will serve two differenyt markets and we’ll do well in both of thes e areas.” Huddleston says the Brazos Town Centerf store, located at U.S.
Highway 59 and FM 762 in will primarily servethe Richmond/Rosenberg market, while the Waterside Marketplaces location, at Grand Parkway and Mason Road in will serve the Katy market. Both Kroger Marketplace stores will featurew a FredMeyer Jewelers’ store as well as a larged home furnishing section with Ashlety Furniture. The stores will also offer grocer y anddeli products, a largew floral section, gourmet and chef-preparedd foods, a wine shop with a wine a drive-thru pharmacy and a Kitchenplace area with upscale kitchenware and placre settings. Huddleston says the format will be even largerthan Kroger’s upscale Signature Store concept.
The placement of the superr stores so close together in outlying suburbs is especially sincethe Richmond/Rosenberg area isn’t particularlgy known as a hotspot for In fact, the Starbucks location in Rosenberg at 24406 U.S. Highway 59, was one of the firsrt to close early last year when the coffee chai began shutteringunprofitable units. Barkley vice president of development and operations for the Greatetr Fort Bend EconomicDevelopmengt Council, says even though Richmond and Rosenberg are considered “sistef cities,” the two Kroger Marketplacd locations will serve “vastlyg different” customers.
He believes the Rosenberg storse will fill a void left in the local grocer y market whenKmart Corp. pulled out of Texas and closede its store at State Highway 36and U.S. 59 in 2003. “Peoplr in Rosenberg really don’gt have a major grocer in a conveniengt placeto shop, so I thinkm they’ll do well,” he says. Despitse the close proximity of the twogiangt stores, Peschel says, Kroger was very picky in its site selectioh process and only chose areaz that could support a storde now and also show strong potentiak for growth in the future. “I think they’vwe found that,” he says. “There is a need for this type of shoppingv experience inthe area.
” LOCATION, LOCATION Steve Fritzer, vice president of investmentse for Jacksonville, Fla.-based Regency Centers, which owns Watersidr Marketplace, says the center is 65 percent leased, with Krogetr Marketplace serving as the anchor. He points out that the 147,857-square-foogt center is located in the sixth-fastest growing residential ZIP code in the Withina three-mile radius, there is a population of 33,2112 people with an annualk average household income of $96,754. The cente is also located at an intersectiohn that will be one of the two controlledf access points on Grand Parkwa connecting driversfrom U.S. Highway 90 to the Westpark Tollroad.
The other Kroger Marketplace location inthe 546-acre Brazos Town Center in Rosenberg will be in a simila situation. According to research by Houston-base NewQuest Properties, which owns Brazo s Town Center, the median househol d income in the trade area is in excessof $50,0000 annually. Peschel says that despite the struggling national andregiona economies, Fort Bend County is continuing to grow, havintg added approximately 30,000 new residents last year. He says the county is expected to reacu more than 1 million residenta in the next15 years.
Saturday, May 5, 2012
Thursday, May 3, 2012
Money-losing Ilikai hotel to close - San Francisco Business Times:
avaohev.blogspot.com
The hotel and condominium complex’s owner, New York-based commercial lender , said Tuesdagy that the hotel has been losing monegy for months and that therw is no sign ofa turnaround. “Unfortunately, alternativese to reduce the operatinbg losses at the hotel have not to datebeen achieved, thus leadingy to the decision to close the said the statement by Andrew G. iStar Financial senior vice At least 75 workers representeds by UNITE HERELocal 5, the hotel and restaurant workers’ union, will lose thiert jobs.
The closure was not The lender bought the Ilikaki at a foreclosure auction in April after developee Brian Anderson defaulted on the loan he took out in 2006 to buy the building and 203residential units. But iStafr soon made clear it didn’t want to be in the hoteo business when it refused to put up the money for continuing the It said in a January lette r toJoseph Toy, then the property's that it had no intention of funding hotepl operations. Toy is presidenty and CEO of . The closure of the hotel doesn’g affect 806 of the 1,009 unitxs within the Ilikai, which are privately ownecd condominiums ortime shares. iSta said the common areas and pool willremainb open.
Hotel occupancy was low and withits first-flooe restaurants and retail space shut down, the hote l had the look of an abandoned a sore point with the fulltime condominium residents. iStar is looking for a buyert for the propertybut it’s a difficult sell at a time when most sourcez of commercial financing are dry. The iStaer statement left open the possibility the hotepl wouldbe reopened. "The compangy has explored all available options to avoir the shutdown of the hotelk operations and recognizes the impact such a decisiohn will have on the condominium ownersand residents, hotel employeesd and guests," the iStar statement said.
"The company continuexs to evaluate possible uses for the property that will addressacommunity needs." iStar said guestsx would be moved to othe r hotels for the duration of theirf stays. In April, iStar successfully bid $51 millionm for the Ilikai’s 203 residential unitds and 16commercial units, which include the front office and retail restaurants and parking. Rumors of the Ilikai’as closure had been circulating forsome time, especially over the past few weeks. When the Ilikak opened in February 1964with 1,050 guest rooms and condominium apartments, it was consideredr the first luxury high-rise hotel in Hawaii.
It was also one of the firstr buildings to feature a mix of traditional hotelp rooms and condominiums owned by permanent residents ofthe building. Many of the condominiu m owners are elderly and some have lived in the buildinv sincethe 1960s. Anderson's attempt to renovate the Ilikai's commonh areas was complicated by repeated clashes with the residents who dominatedrthe building's condominium association and challengeed some of his plans. The hotelp gained an international reputation as the location of the famous openinv shotof “Hawaii where Jack Lord stands on the penthouse balcong of the Ilikai.
The hotel and condominium complex’s owner, New York-based commercial lender , said Tuesdagy that the hotel has been losing monegy for months and that therw is no sign ofa turnaround. “Unfortunately, alternativese to reduce the operatinbg losses at the hotel have not to datebeen achieved, thus leadingy to the decision to close the said the statement by Andrew G. iStar Financial senior vice At least 75 workers representeds by UNITE HERELocal 5, the hotel and restaurant workers’ union, will lose thiert jobs.
The closure was not The lender bought the Ilikaki at a foreclosure auction in April after developee Brian Anderson defaulted on the loan he took out in 2006 to buy the building and 203residential units. But iStafr soon made clear it didn’t want to be in the hoteo business when it refused to put up the money for continuing the It said in a January lette r toJoseph Toy, then the property's that it had no intention of funding hotepl operations. Toy is presidenty and CEO of . The closure of the hotel doesn’g affect 806 of the 1,009 unitxs within the Ilikai, which are privately ownecd condominiums ortime shares. iSta said the common areas and pool willremainb open.
Hotel occupancy was low and withits first-flooe restaurants and retail space shut down, the hote l had the look of an abandoned a sore point with the fulltime condominium residents. iStar is looking for a buyert for the propertybut it’s a difficult sell at a time when most sourcez of commercial financing are dry. The iStaer statement left open the possibility the hotepl wouldbe reopened. "The compangy has explored all available options to avoir the shutdown of the hotelk operations and recognizes the impact such a decisiohn will have on the condominium ownersand residents, hotel employeesd and guests," the iStar statement said.
"The company continuexs to evaluate possible uses for the property that will addressacommunity needs." iStar said guestsx would be moved to othe r hotels for the duration of theirf stays. In April, iStar successfully bid $51 millionm for the Ilikai’s 203 residential unitds and 16commercial units, which include the front office and retail restaurants and parking. Rumors of the Ilikai’as closure had been circulating forsome time, especially over the past few weeks. When the Ilikak opened in February 1964with 1,050 guest rooms and condominium apartments, it was consideredr the first luxury high-rise hotel in Hawaii.
It was also one of the firstr buildings to feature a mix of traditional hotelp rooms and condominiums owned by permanent residents ofthe building. Many of the condominiu m owners are elderly and some have lived in the buildinv sincethe 1960s. Anderson's attempt to renovate the Ilikai's commonh areas was complicated by repeated clashes with the residents who dominatedrthe building's condominium association and challengeed some of his plans. The hotelp gained an international reputation as the location of the famous openinv shotof “Hawaii where Jack Lord stands on the penthouse balcong of the Ilikai.
Tuesday, May 1, 2012
GM Tonawanda takes 5-week recess - Business First of Buffalo:
bhutan-warwick.blogspot.com
About 500 factory workers and 140 salaried personnel are affectefd bythe five-week shutdown. said in May that productiob would be stopped for three weeks at the locall facility as the automaker reduces inventory by temporarilyt idling a number ofits plants. That period is beinbg combined with theregular two-week plannee companywide shutdown that starts on June 29. Spokeswomab Nina Price said that a small workforceof “maybe 100” is staying on the job durinvg much of the plant’s three-week shutdown. No schedulw change at the local planty has been ordered at this time because of an extensiobn of the temporary summertime closuresd at sevenGM factories, she said.
These locationw include the Oshawa, Ont., car and other assembly plantsat Ohio, Shreveport, La., and Orion Township - whicb receive engines from Tonawanda. The latest round of closuresd was announced this week and range from one addedr week at the Oshawa factory to four additional weeks at the Lansing Grand Rive r plantin Michigan. Most of the locationss will go down for three added weeksin July.
About 500 factory workers and 140 salaried personnel are affectefd bythe five-week shutdown. said in May that productiob would be stopped for three weeks at the locall facility as the automaker reduces inventory by temporarilyt idling a number ofits plants. That period is beinbg combined with theregular two-week plannee companywide shutdown that starts on June 29. Spokeswomab Nina Price said that a small workforceof “maybe 100” is staying on the job durinvg much of the plant’s three-week shutdown. No schedulw change at the local planty has been ordered at this time because of an extensiobn of the temporary summertime closuresd at sevenGM factories, she said.
These locationw include the Oshawa, Ont., car and other assembly plantsat Ohio, Shreveport, La., and Orion Township - whicb receive engines from Tonawanda. The latest round of closuresd was announced this week and range from one addedr week at the Oshawa factory to four additional weeks at the Lansing Grand Rive r plantin Michigan. Most of the locationss will go down for three added weeksin July.
Monday, April 30, 2012
5 Questions about Sky Song - Memphis Business Journal:
zolinstanixes.blogspot.com
Scarlett Spring, Executive vice presidentg of business development, is a very targeteds kind of commercial development. What makes it unique? “SkySongh is unique in several ways. First, it is a dynamicd private-public partnership that seeks to accelerate successful commercialization ofnew ventures. Another important aspectg is innovation and Because of the relationship with Arizona State SkySong offers businesses access to resources and talent in a collaborativwe way that integrates academia andprivat enterprise, which is especially beneficial to emerging technologies companies.
SkySong is attracting global corporationd that will have a footprint in developinhggreater Phoenix’s high-tech environment.” SkySong seems to have succeeded in attracting a stronvg collection of global boutique tech firms. How was the developmeng and leasing team able to pull that off in this kind of downeconomicx environment? “International emerging tech firms looking at greater Phoenix as an entru point into the U.S. market are seeking an collaborative environment. The model at SkySong offerw flexibility. During this downturn, international companies are lookintg for ways to limift risk and increase acceszsto talent.
The partnerships they are developing are complemented by dynami c companies that are locatingwithihn SkySong.” Have you observed any significant niche office developments in the countryh that could be models for future Valleu projects? “Properties that have a unique proposition, meaning it is more than an officr complex, are gaining attention among clients. An example that is interesting is aPacifiv Northwest-based tech accelerator. It combines the best of an incubatoer model with venture capital Will we see more targeteddcommercial developments, and what will be the drawing card?
“First, the largest impact we see is a requesr for (Leadership in Energy and Environmental Design)-certifiex buildings. Companies are becoming more sensitive to greejn andsustainability issues.” Are some developersz specializing more in niche commercial developments? “Yes. Every developer’s goal is to create valuw in theproperty they’res building. The degree to which they are willing to accep risk generally determines how far they will pursuenichee developments.
What we’re seeing mostly is sustainability as a themed incorporatedinto public-private partnerships, biotechy parks and incubation We have recognized national leaderas in the greater Phoenix market and leveragse GPEC’s Community Building Consortiu for expertise regarding development, desighn and construction.”
Scarlett Spring, Executive vice presidentg of business development, is a very targeteds kind of commercial development. What makes it unique? “SkySongh is unique in several ways. First, it is a dynamicd private-public partnership that seeks to accelerate successful commercialization ofnew ventures. Another important aspectg is innovation and Because of the relationship with Arizona State SkySong offers businesses access to resources and talent in a collaborativwe way that integrates academia andprivat enterprise, which is especially beneficial to emerging technologies companies.
SkySong is attracting global corporationd that will have a footprint in developinhggreater Phoenix’s high-tech environment.” SkySong seems to have succeeded in attracting a stronvg collection of global boutique tech firms. How was the developmeng and leasing team able to pull that off in this kind of downeconomicx environment? “International emerging tech firms looking at greater Phoenix as an entru point into the U.S. market are seeking an collaborative environment. The model at SkySong offerw flexibility. During this downturn, international companies are lookintg for ways to limift risk and increase acceszsto talent.
The partnerships they are developing are complemented by dynami c companies that are locatingwithihn SkySong.” Have you observed any significant niche office developments in the countryh that could be models for future Valleu projects? “Properties that have a unique proposition, meaning it is more than an officr complex, are gaining attention among clients. An example that is interesting is aPacifiv Northwest-based tech accelerator. It combines the best of an incubatoer model with venture capital Will we see more targeteddcommercial developments, and what will be the drawing card?
“First, the largest impact we see is a requesr for (Leadership in Energy and Environmental Design)-certifiex buildings. Companies are becoming more sensitive to greejn andsustainability issues.” Are some developersz specializing more in niche commercial developments? “Yes. Every developer’s goal is to create valuw in theproperty they’res building. The degree to which they are willing to accep risk generally determines how far they will pursuenichee developments.
What we’re seeing mostly is sustainability as a themed incorporatedinto public-private partnerships, biotechy parks and incubation We have recognized national leaderas in the greater Phoenix market and leveragse GPEC’s Community Building Consortiu for expertise regarding development, desighn and construction.”
Saturday, April 28, 2012
Developer pulls out of Sierra Vista as approval costs increase - South Florida Business Journal:
fusajacuxejilyp.blogspot.com
The Sierra Vista Specific Planoverlaysz 2,100 acres of untapped grassland at the city’a southwest limits eyed as Roseville’s next majot growth area once the West Roseville Specific Plan is builty out. Like most plans, it aims to converyt land into homes andcommercial development. Richland, Sacramento’s second-largest developer based on acreage, controls 400 acrees at the western portion of the plan or about 20 percent of theoverallk property. That land will no longerf be part of the SierraVistza plan. The company is dissatisfied with the progress in gettinhg approvals and is leery of pumping inadditionaol funding, vice president Steve Thurtle said.
Othere major owners in Sierra Vistainclude , and . The groulp had planned to gain approvalsfor 10,300 homee and a substantial commercial center, but the plan will likelu be revised with Richland’s exit. Representatives from othe r landowners did not return callsseekingf comment. City officials said the approval process for Sierra Vistsa will recommence once the owners decide how to proceedcwithout Richland’s input or funding. Richlanx said owners have alreadyspent $3.5 milliohn and determined the entitlement procesw could cost an additional $3.5 million or more.
“Wse did not want to continue to fund that level of Thurtle said, noting that Richlandc had contributed about $1 million. “You don’t approach entitlements the way it has been done in the last 10 Why not take our time and do it more Richland has other holdings in Roseville and is a major participan in new growth areas in Thurtle didn’t want to characterize the company’s stancee as pulling out of the Sierra Vistz project because it would rejoin if costs could be The company proposed renegotiating contracts with consultants hiredr to perform the lengthyg analysis that accompanies major developments, but other owners didn’ t want to go that route.
Thurtlee said consultants have been willing to rewori contractsbecause there’s been a drop-off in demand for theirf services due to the housing slump. But another majoe factor was that criticalk utility issuesremain unresolved. John Roseville’s assistant city manager of community development, acknowledgexd that consultants had not established a definitivwe water source or a plan to handle the increased traffic that comes withnew “We feel comfortable that we will be able to addreszs these issues,” Sprague The city is in discussions with the and the over waterf purchases for the new development.
There is heightened interest in the area due to the presenc e ofseasonal wetlands, areas that environmental groups fiercely defensd from development. Sprague said the city has initiatedf a policy of consulting federal agenciezs involved in preserving wetlands such as the and the befor e major developmentsare approved. The Sierra Vista Specifix Plan might require a separate environmental analysis over And that will likely pushcostse up. “It can be very expensive,” he The application for the Sierra Vista plan is beint processed almost concurrently with another to the the CreekviewSpecific Plan.
It’s a 570-acre plot with longtimwe property owners who have suggestedbuilding 3,000 homes, a mixed-use component and commerciall development. About a fourth of the land is reserve d foropen space. Together, the two plansd called for about 13,3000 homes and would square off Roseville’sw western boundary. Annexation of new landse into the city, however, can take years.
The Sierra Vista Specific Planoverlaysz 2,100 acres of untapped grassland at the city’a southwest limits eyed as Roseville’s next majot growth area once the West Roseville Specific Plan is builty out. Like most plans, it aims to converyt land into homes andcommercial development. Richland, Sacramento’s second-largest developer based on acreage, controls 400 acrees at the western portion of the plan or about 20 percent of theoverallk property. That land will no longerf be part of the SierraVistza plan. The company is dissatisfied with the progress in gettinhg approvals and is leery of pumping inadditionaol funding, vice president Steve Thurtle said.
Othere major owners in Sierra Vistainclude , and . The groulp had planned to gain approvalsfor 10,300 homee and a substantial commercial center, but the plan will likelu be revised with Richland’s exit. Representatives from othe r landowners did not return callsseekingf comment. City officials said the approval process for Sierra Vistsa will recommence once the owners decide how to proceedcwithout Richland’s input or funding. Richlanx said owners have alreadyspent $3.5 milliohn and determined the entitlement procesw could cost an additional $3.5 million or more.
“Wse did not want to continue to fund that level of Thurtle said, noting that Richlandc had contributed about $1 million. “You don’t approach entitlements the way it has been done in the last 10 Why not take our time and do it more Richland has other holdings in Roseville and is a major participan in new growth areas in Thurtle didn’t want to characterize the company’s stancee as pulling out of the Sierra Vistz project because it would rejoin if costs could be The company proposed renegotiating contracts with consultants hiredr to perform the lengthyg analysis that accompanies major developments, but other owners didn’ t want to go that route.
Thurtlee said consultants have been willing to rewori contractsbecause there’s been a drop-off in demand for theirf services due to the housing slump. But another majoe factor was that criticalk utility issuesremain unresolved. John Roseville’s assistant city manager of community development, acknowledgexd that consultants had not established a definitivwe water source or a plan to handle the increased traffic that comes withnew “We feel comfortable that we will be able to addreszs these issues,” Sprague The city is in discussions with the and the over waterf purchases for the new development.
There is heightened interest in the area due to the presenc e ofseasonal wetlands, areas that environmental groups fiercely defensd from development. Sprague said the city has initiatedf a policy of consulting federal agenciezs involved in preserving wetlands such as the and the befor e major developmentsare approved. The Sierra Vista Specifix Plan might require a separate environmental analysis over And that will likely pushcostse up. “It can be very expensive,” he The application for the Sierra Vista plan is beint processed almost concurrently with another to the the CreekviewSpecific Plan.
It’s a 570-acre plot with longtimwe property owners who have suggestedbuilding 3,000 homes, a mixed-use component and commerciall development. About a fourth of the land is reserve d foropen space. Together, the two plansd called for about 13,3000 homes and would square off Roseville’sw western boundary. Annexation of new landse into the city, however, can take years.
Thursday, April 26, 2012
Research gives Commerce new tools for banking clients - Kansas City Business Journal:
evittiebodum1296.blogspot.com
In February, Commerce added Integratecd Industry Intelligence Tools from to its interna Customer RelationshipManagement system. It now can compile account detailxs and contact information abouteach customer, the customer'z industry and more into a detailed report. First Research industry profilesdescribe industry-specificf products, operations, technology, sales, marketing, finance, earnings, wages, regulations, employmeny growth, and regional and international issues. Research is available on more than 150individuap industries.
"Commerce Bank is the firs of our customers to integrate First Researchj Industry Intelligence into theirCRM system, and because of theifr success, other clients are sure to follow in their said David Buffaloe, vice president of marketing at Firstg Research, based in Raleigh, N.C. "We currentlty have more than 50,000 usersz that access our Industry Intelligencevia (our Web site) or througg their own intranet." First Research providesz quarterly industry updates, information aboutg business trends, opportunities within the industry, a discussion of cruciaol issues that face the industry and linkes to related industries. The company also providews updatesvia e-mail alerts.
"Ouf intent has always been to understand who our customer are and whatdrives them," said Andrew Kaplan, executive vice president of commercial banking in Commerce's Kansaxs City office. "It's not good enough to say we'rre a 'business bank,' so we need to understands each industry represented byour customers," said who also generates sales with "We have a group of (bank) officers that deals only in agribusiness and a group that only works with larg construction companies. Their job and focus is to understandx the players in that marketplace and the particular issuesd thataffect them.
"We're making a loan for six or 10 years, and we have credit concernxs forfuture repayment, so we have to understanc what's happening in the industry." Duringb May, Commerce Bank officers accessede the system 307 times, Kaplan Information about the trucking industry took the most hits, due in part to recenyt concerns about rising fuel prices. He said customerds already have noticed the difference in the loan knowledge base. "What we hear is, 'Gee, you understandr who we are.' That'as our job as Kaplan said.
"We are hiring and equippinbg and training and investing in technology to help us better understand our industries -- and to get our officers that informatio at a moment's notice." Joe Yuza, vice presiden t and credit service manager for in Wichita, said the bank recentl completed the first year of its contrac with First Research to routinely access industry information. "More than 50 perceng of our entire staff accesses the information per he said, "and several have set up e-mai l alerts, which they share with some customers.
I think it'a a very (favorable) cost-to-benefit expense for Steven Simpson, a banking consultant, said Commerce's use of Firstg Research information is an innovativeand cutting-edge progra he had never come across. As managiny director of products forin Austin, Texas, he offers products and consulting designed to improve performance at community banks. "The big focus today is to becoms a trusted adviser to your commercial loan customers," Simpson said. "(Having this also helps with risk mitigation, and it allows a community bank to level the playing fiel with knowledge when larger bankse have big research anddevelopment budgets.
" Below are sampls industry-specific profiles, which a bank could pass along to commercia l lending clients in the hospital industry. The material is provide d by First Research. Industrg Overview: The industry is highly fragmented: the largesyt 50 organizations hold less than 30 percent of the Competitive landscape: Demand for hospitalp services is driven by demographicz and advances in medical care and technology. The profitability of individuall companies depends onefficient operations. Salesz and marketing: Public healtjh insurance programs, including Medicare and Medicaid, on average account for closer to 60 percent ofhospital revenue.
Privatw health insurance plans account for another35 percent. Finance and Medicare has a major influencde on the paymentshospitals receive, as many other payers use Medicare payment schedules as their benchmark. Business challenges/critical issues/rapidly rising hospitao costs: Because of advances in medical knowledge, the costs to providse good medical care haveincreased rapidly. The total cost of hospital services in the United Statese increased 36 percent from 1998 to 2003 and is expectedd to increase at an annual rate of more than 6 Other challenges/competition from outpatient Non-hospital clinics ...
are a rapidly growing competitor for Many hospitals currently get as much as a third of revenue from treating outpatientsd in hospital clinicsand can't cut costs to make up for the lost
In February, Commerce added Integratecd Industry Intelligence Tools from to its interna Customer RelationshipManagement system. It now can compile account detailxs and contact information abouteach customer, the customer'z industry and more into a detailed report. First Research industry profilesdescribe industry-specificf products, operations, technology, sales, marketing, finance, earnings, wages, regulations, employmeny growth, and regional and international issues. Research is available on more than 150individuap industries.
"Commerce Bank is the firs of our customers to integrate First Researchj Industry Intelligence into theirCRM system, and because of theifr success, other clients are sure to follow in their said David Buffaloe, vice president of marketing at Firstg Research, based in Raleigh, N.C. "We currentlty have more than 50,000 usersz that access our Industry Intelligencevia (our Web site) or througg their own intranet." First Research providesz quarterly industry updates, information aboutg business trends, opportunities within the industry, a discussion of cruciaol issues that face the industry and linkes to related industries. The company also providews updatesvia e-mail alerts.
"Ouf intent has always been to understand who our customer are and whatdrives them," said Andrew Kaplan, executive vice president of commercial banking in Commerce's Kansaxs City office. "It's not good enough to say we'rre a 'business bank,' so we need to understands each industry represented byour customers," said who also generates sales with "We have a group of (bank) officers that deals only in agribusiness and a group that only works with larg construction companies. Their job and focus is to understandx the players in that marketplace and the particular issuesd thataffect them.
"We're making a loan for six or 10 years, and we have credit concernxs forfuture repayment, so we have to understanc what's happening in the industry." Duringb May, Commerce Bank officers accessede the system 307 times, Kaplan Information about the trucking industry took the most hits, due in part to recenyt concerns about rising fuel prices. He said customerds already have noticed the difference in the loan knowledge base. "What we hear is, 'Gee, you understandr who we are.' That'as our job as Kaplan said.
"We are hiring and equippinbg and training and investing in technology to help us better understand our industries -- and to get our officers that informatio at a moment's notice." Joe Yuza, vice presiden t and credit service manager for in Wichita, said the bank recentl completed the first year of its contrac with First Research to routinely access industry information. "More than 50 perceng of our entire staff accesses the information per he said, "and several have set up e-mai l alerts, which they share with some customers.
I think it'a a very (favorable) cost-to-benefit expense for Steven Simpson, a banking consultant, said Commerce's use of Firstg Research information is an innovativeand cutting-edge progra he had never come across. As managiny director of products forin Austin, Texas, he offers products and consulting designed to improve performance at community banks. "The big focus today is to becoms a trusted adviser to your commercial loan customers," Simpson said. "(Having this also helps with risk mitigation, and it allows a community bank to level the playing fiel with knowledge when larger bankse have big research anddevelopment budgets.
" Below are sampls industry-specific profiles, which a bank could pass along to commercia l lending clients in the hospital industry. The material is provide d by First Research. Industrg Overview: The industry is highly fragmented: the largesyt 50 organizations hold less than 30 percent of the Competitive landscape: Demand for hospitalp services is driven by demographicz and advances in medical care and technology. The profitability of individuall companies depends onefficient operations. Salesz and marketing: Public healtjh insurance programs, including Medicare and Medicaid, on average account for closer to 60 percent ofhospital revenue.
Privatw health insurance plans account for another35 percent. Finance and Medicare has a major influencde on the paymentshospitals receive, as many other payers use Medicare payment schedules as their benchmark. Business challenges/critical issues/rapidly rising hospitao costs: Because of advances in medical knowledge, the costs to providse good medical care haveincreased rapidly. The total cost of hospital services in the United Statese increased 36 percent from 1998 to 2003 and is expectedd to increase at an annual rate of more than 6 Other challenges/competition from outpatient Non-hospital clinics ...
are a rapidly growing competitor for Many hospitals currently get as much as a third of revenue from treating outpatientsd in hospital clinicsand can't cut costs to make up for the lost
Tuesday, April 24, 2012
First American affiliate buys Attleboro site - Portland Business Journal:
bakakinkorypon.blogspot.com
million. First American, on behalrf of an affiliate, bought a 5,650-square-foot building called Building 5 anda 213,000-square-foot, three-story manufacturing facility called Building 12. The Attleboro Corporate Campus was previously owned and occupied by and isa 300-acre mixed-usw office and industrial campus located just off Interstatew 95 in Attleboro. Building 12 is leasex to as it’s global manufacturingv headquarters. Building 5 is leased to The BOCGroup Inc., a worldwide distributor of industrial gases and its The Linde Group. Preferred Unlimited Inc. is a 15-year-olx commercial real estate firm which started as Preferrefd Real EstateInvestments Inc.
The company is headquarteree in Conshohocken, Pa. First Americabn Realty Inc. is a privately held investmenrt and management firm basedin Mass. which acquires industrial and medicaloffice properties.
million. First American, on behalrf of an affiliate, bought a 5,650-square-foot building called Building 5 anda 213,000-square-foot, three-story manufacturing facility called Building 12. The Attleboro Corporate Campus was previously owned and occupied by and isa 300-acre mixed-usw office and industrial campus located just off Interstatew 95 in Attleboro. Building 12 is leasex to as it’s global manufacturingv headquarters. Building 5 is leased to The BOCGroup Inc., a worldwide distributor of industrial gases and its The Linde Group. Preferred Unlimited Inc. is a 15-year-olx commercial real estate firm which started as Preferrefd Real EstateInvestments Inc.
The company is headquarteree in Conshohocken, Pa. First Americabn Realty Inc. is a privately held investmenrt and management firm basedin Mass. which acquires industrial and medicaloffice properties.
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