NMBW honors first Best of Bar recipients - Business First of Columbus:

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Attendees gathered at the offices for a cocktaik reception to celebratethe lawyers’ Albuquerque Mayor Martin Chávez and Henryy Alaniz, president of the State Bar of New addressed the group and presented the The NMBW sought nominees from State Bar members and the community of outstanding lawyers in 10 categories. A panel including a formetr New Mexico Attorney General and retired District Courr judge selectedthe honorees. The judges consideree factors thatincluded nominees’ professional achievement and communitgy involvement. •James C. Jacobsen, New Mexico Attorneg General’s Office •Perry E. Bendicksen III, •Jennifer L. •Robert P. Tinnin Jr.
, •Charles J. Rodey Law Firm •Frank A. New Mexico Gaming Control Boarr •Timothy R. Van Valen, Brownstein Hyat Farber Schreck •David P. Buchholtz, Brownstein Hyatt Farber Schrecok •Pete Dinelli, City of Albuquerque •Bruce C. Throne, •John R. •Steven L. Hernandez, •Douglas Meiklejohn, •Rosalie (Lisa) Chavez, •Lynmn H. Slade, Modrall Sperling •Catherind Baker Stetson,

As recession grows, more Seattle work goes into development limbo - Puget Sound Business Journal (Seattle):

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Developer Mark Gordon plannexd to buildtwo “really nice town on a hilltop overlooking Lake Unioj just west of Interstate 5 untipl the economy put his project in Now, little more than the foundationb sits on that space. “If I builtt it and no one buys it, it woul d put me in even greater troublethan I’mj in now,” Gordon said, adding that he has put too much money into the Boylston Avenue property to turn it into rentak units. Meanwhile, waiting for the housinh market to turn around is The unfinished constructionis “a blight on the he said.
“It doesn’t make me happg because I’m paying for it and the neighbors aren’t happy because they’d rathetr look at anything other than a job he said. “I didn’t ask for this. I’m just Only half-kidding, he says, “working at McDonald’as is probably a better alternative than what Ido now.” At the site of the forme r Ballard Denny’s, developer had plands to build 32,000 square feet of retail and 287 condos. But it will only move “depending on the market,” said Mark Nemirow, a companyg executive. Already, development has been delayee a year, in part because of the landmarkj status ofthe site.
Now the company is waiting to receivde a permit from the city in the next coupls months that will allow it to cleaj up the abandoned buildings on the But the companystill doesn’t have firm planes for building. “We’re not sure if we’r going to develop or get it into a positionjwhere it’s available to said Nemirow. “We want to be readh when the timeis right.” Using an informal the City of Seattle identified these propertiee as potentially stalled. It was the first such survey in thecity said, and representas an unusually large slowdown in city development projects. Values are based on squarwe footage.
Demolition projects have zero estimatexd valueby default. Description: Demolish existin g bowling alley Leilani Lanes as per Unfit BuildingOrder #1011341 Subject to Fieldx Inspection (STFI). Description: Phass I of IV for Constructioh ofstructures (AW-8, AW-10, & as Research Labs & Labs & Offices for Excavation & PIles per plans/ (Ref MUP 3004392). Estimate value: $8,700,000 Description: Phase II of III for construction ofa 2-st R & D facility/Core & Shell super Structure/Build per Estimated value: $2,755,623 Description: Demolisuh existing bldg per plot plan subject to field Description: Phase I of IV to constructf 23-story high-rise/Shoring, Excavation & Grading only/Hotel, restaurant, Assembly, and accessory parking/build per plans.
6/6/200y7 Revision to shoring. Estimated value: $1,535,000 Construct 4-Unit townhouse, per (West 4-plex). Estimated value: $519,635 Phase I of II Gradinh / Excavation and Shoring for future construction of mixeduse building, per plans.

'Seminar' a brilliant comedy - Poughkeepsie Journal

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Six Flags files for Chapter 11 - Triangle Business Journal:

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The New York-based chain of parks has been tryinf unsuccessfully this year to renegotiate termsd with lenders on hundreds of millions of dollardin debt. Six Flags parks, includingf its in Largo., will continue to operate as usualunderf reorganization. “The current managementr team inheriteda $2.4 billionj debt load that cannot be sustained, particularlyu in these challenging financial said Six Flags chief executive Mark Shapiro in a statement. “As a we are cleaning up the past and positioning the company forfuture growth.
” Snyder, who took control of the company in a board room battlr more than three years ago, and the managemen team he appointed have been unable to return Six Flagw to profitability. The company reported a $146.32 million first quarter loss and a sharp drop in despite a modest two percent increas in park attendance compared to ayear ago. Six Flagsx is seeking bankruptcy cour approval for a prearranged restructuring that woulcd cut its debtby $1.8 billion and wipe out more than $300 millionj in preferred shareholder stock. Six Flags failed to win creditor approval for a plan to swap debt for equity inthe company.
As a resulyt of its bankruptcy filing, that exchange offerf is no longer onthe table, it Six Flags sold several properties last year to raise It still operates 20 amusement park in North America.

Arizona Cardinals close in on Phoenix Suns, Diamondbacks, Coyotes lag all - Baltimore Business Journal:

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Market research conducted as part of a possiblwe relocation of the to Canada shows the Cardinals and National Football Leagure catapulting in popularity among localsports consumers. Canadian billionaire Jim Balsillie wantd to buy the Coyotesfor $213 million and move the team to Ontario. His relocation plan submitted to the National Hocket League includes market the The surveys, conducted in late May for Balsillie by Hotspex Inc., show the Cardinals gaining favor in a Phoenid sports market traditionally dominatedr by the and . One surve y looked at the overall appealo among fans forthe region’s four majof sports teams.
The Cardinals garnered 53 percentsupporr — equal to the Diamondbacks and just behind the 54 percenr mark received by the Phoenix The Coyotes came in at 29 The survey did not say how many fans were The survey also found that footbal is the most popular spor in the Phoenix area with 53 percentf of residents following the NFL on a regulae basis. Major League Baseball was second at 45 percenf followed by the Nationap Basketball Association at 44 percenty and National Hockey League at 20 percenttof Phoenix, according to the surve and Balsillie’s application to move the The Cardinals and NFL also did the best when it comeds to consumers choice of sports to attend.
Fifty-seven percent of those surveyed showerd a strong desire to attend an NFL That compares to 51 percent who stronglty wanted to see a Major LeagueBasebalk game, 46 percent an NBA game and 30 percent for The Cardinals traditionally have been a doormaf both in the NFL and the Phoenid sports market where the D-Backs and Suns have made multipler playoff appearances. The Cards, which moved to University of Phoenixd Stadiumin 2006, had not hosted a home playofdf game since 1947 and team owners the Bidwill family were unpopular among local fans.
But the Cardinalsx playoff winslast season, a National Footbal l Conference championship and last-second Super Bowl loss pushed them highed in a market struggling with cuts in consumert spending. The Cardinals playofg success also compares withthis season’s failures by Suns and Coyotesw to make their playoffs and a slow 2009 seasoj start by the D-backs.

Filling NCR headquarters space to be difficult - Dayton Business Journal:

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Brokers said donating NCR’zs (NYSE: NCR) 1.3 million-square-foot building to an educatiom institution or the city of Dayton may be thebest bet. The brokersw said trying to marke the space to another corporate user woul d be difficult as there are few single users out ther e needing thatmuch space. It could be parcele d into an office complex formultiple users. NCR intends to sell the a companyspokesperson said. The five-story property is among the largesgt office buildings in theDayton area. Paul owner and broker with Dayton-based , said a good optionh would be to donate the building tothe .
NCR would gain the benefits of atax write-off and the university wouldd have a business campus, complete with parking, a cafeteriqa and plenty of space for classrooms, to mold for its needs. “j bet they’ve already talked abougt donating it to Hutchins said. “Giving it to UD is a NCR gets a hugetax write-off and UD gets a high-tech technology center.” Mark Fornes, owner of Centerville-based , “It would be really nice if they give it to Fornes said. “It would be a nice gesturde in return for taking their headquarters out.” NCR’s headquarters, at 1700 S. Pattersoh Blvd., sits on 54 acres.

Rural expansion plans poise Sutter, CHW for growth - San Francisco Business Times:

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is opening a small surgica l hospital in Yuba Citynext month, a firs for the company as it boosts services in outlying areas. And riva , parent company of local Mercy hospitals, established a new medical group in Grass Valle ythis month. Both moves bring health care resources and jobs to growin rural communities where the health systems face no competitionhfrom . The dominant player in Sacramenti and many other urban areasin California, Kaiser has 5,000 memberz in the foothills, but no facilities and no plansd for expansion there. Sutter’s new hospital is a jointg venture with doctors and a nationao surgicalhospital company.
It will compete with the in Yuba City and raising fears it will attract lucrative electiveand short-stayg surgeries, leaving complex — and expensive acute and emergency care to two existingh community hospitals. There doesn’t appeard to be a comprehensive strategy at Sutter to go into the surgical hospital business; the move in Yuba City is a responsew to local health care and doctor There are plans, however, for a surgicalp hospital at Sutter’s new (relocated) campus in Sant Rosa. It will be jointly owned with locakl physicians.
CHW has hospitals up and down California, many of them in rura settings such as Grass Valley that have a hard timerecruiting physicians, said Mike executive director of the Catholic Healthcare West Medicak Foundation. Doctors like becoming employees in a groulp where they can hand off the busines side of the practice and focuson patients. CHW’z new offers a way to do that, he adding that CHW is looking at a similar expansiomin Merced. The Grass Valley expansion won’t infrings on the local doctorsfor now, and couldf help them by bringing more primary care physiciansz to town, but a comprehensive network of specialistes would pose a threat.
The Sutter and CHW initiative are “probably a good thing,” said Kareb Taranto, a Sacramento health care consultanft who works withmedical “I’m seeing larger systems trying to get accessz to a hub in what used to be rurap areas — but are no longer.” $5.7 milliohn economic boost Sutter’s newest hospital, named -North is a for-profit joint venture among Sutteer North Medical Foundation, a group of independent Yuba City and Sutter North has 72 physicians. It owns 51 percentt of the $40 million, 46,000-square-foot hospital. The group of 15 surgeonz owns 40 percent andNational Surgical, 9 percent.
The 14-bedf hospital will offer general surgery and proceduresin gynecology, orthopedics, plastic podiatry, urology and conditions of the ear, nose and The hospital is expected to employ 30 to 40 when it opens next month, and betweem 90 and 100 by year-end. That’s a significanyt boon to Yuba County, which had an unemployment rateof 19.1 percengt in February, the fourth-highest in the Sutter Surgical expects to pay $4.1 million in salariesx and benefits in the firsgt year of operation. The hospital estimates it will spendf morethan $540,000 on services and professional and $1.1 million in supplies annually.
Improve attract doctors The goal is to improvre surgical care in the community and creatre an environment that attracts more doctorsd topractice there. “Interesting and wonderful things happen when you havephysician owners,” said Toni chief executive officer at Sutter Surgicall Hospital. “When they (it becomes) part of them.” A grouo of Yuba City surgeons began searching for a hospital partner about eightyears ago. They bought the land and contacte d NationalSurgical Hospitals, but the three-way deal took a whiles to complete.
Sutter North now owns the land and the but leases it back to the corporatiob in which it has a 51percent

Credit Suisse to expand in S. Fla. - South Florida Business Journal:

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Michael Nies, director of the Miamu and Palm Beach officesfor Zurich, Switzerland-based Credit said the headcount in Palm Beacg should increase from 13 now to 25 or 30 after it move into a 9,892-square-foot office at Phillips Poinf in June. Nies said the new officd could hold as many as 40 people as it looksd to hire two or three relationshipmanagers – Credit Suisse’s term for wealthn advisers – plus support staff each year. In December, formefr advisers Tim Tiller, Eric Wilsoh and Bryan DeFrances joinedCredit Suisse’s Palm Beacbh office. Nies said his company has attracterd employeesbecause it’s been stable during all the marketg turmoil.
Another Swiss bank, , has also succeeded in luring wealth advisersfrom U.S.-owned firms to its South Florida offices. It recentlyt added 16 financial advisers at its six SoutgFlorida offices. “Some of the dislocations in the marke t and turmoil have people looking at solid institutionsx with a great history that are well Nies said. There has also been plentyh of movement in the Palm Beachoffic market, with many companies leaving the islaned for West Palm Beach, said Mark Pateman, an associatde in ’s commercial brokerage.
As leases on the islandc expire and the landlords ask for high renewal many tenants are choosing instead to moveinto less-expensivw offices on the other side of the he said.

Unlikely coalition to steer debate over gas emissions - Business First of Columbus:

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and are among 11 companies in a new coalition that has submittee a list of principles they hope will guid e the EPA as it establishes greenhousegas standards. The coalition is being coordinater bythe , an environmental advocacy organization in D.C., and includes eight electric utilities. It would appeafr to be an odd grouping since environmentao groups often rail against power plants and automakersx as big producers of carbon dioxidee emissions linked toglobal warming.
But Environmental Defense Fund spokesman Tony Kreindleersaid it’s a sign of the timeds as businesses and environmentalists recognize they need to work “We want to work with folkse in a common cause,” he “to find a solution to what has been a majofr debate.” Uncertainty over regulation of greenhousw gases and the resulting costs is making it difficultr for companies to invest in plants and Kreindler said. “They want a seat at the table so they can influencew policy and not be run over by he said. The debate took a major turn in April last year when the ruled gases causing global warming are pollutants under the federal CleanAir Act.
The high couryt also found the federal governmen t can regulate carbon dioxide andother heat-trapping The question, Kreindler said, is whethee the EPA will chart the course for regulatingv greenhouse gas emissions or if the issu e will be addressed through legislation from the Democrats who control Congress and President-elect Barack Obama when they take control of federaol policy in January. Coalition members prefef the issue be settledby Congress, Kreindler said, but they feel it’x important to lay out their principles to the EPA shouldd the agency drive the rule-making.
Amongb the principles are that the EPA should base its actions on work closely with Congress and make it a prioritt to create regulations thatare cost-effective, can be implemente and produce lasting benefits. AEP decided to join the coalition to give it more of a voice should the EPA take the lead on greenhousegas emissions, said Melissa McHenry, a spokeswomajn for the Columbus-based utility. “All of us want to create ways to address greenhouse gas emissions in a way we thinko makes sensefor (the she said. “It’s importanrt for us to participate inthe process.
” Such a cooperativew approach fits with Honda’s said Edward Cohen, the automaker’s vice presidentt of government and industry relations. Rather than resistt government regulations, he said, Honda works with policymakers tofind solutions. Cohen said Honda also decided to be part of the coalitio n because of its size at a time when special interesg groups are swamping the EPA with greenhouswegas proposals. “There is a greater chance for answers thanthe free-for-alk that’s going on,” he said.

Boulevard Co. sets sights on pair of apartment projects - Charlotte Business Journal:

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The other two parcels are owned bythe , a locapl nonprofit group. Those tracts include a 20-year-old single-family house that has received a charitable tax exemptionsinc 1996, according to public records. Site plans from Charlotte-based show an eight-story complex up to 100 feet tall and an elevates courtyard atits center. Earlier renderings by showed a Gothic-styled structure with The latest drawings submitted by Housing Studik show a simpler construction with no decorative designm elements alongthe rooftop.
Construction timelines are uncertaij because of instability withinn thefinancial markets, Branch says, addintg that he's comfortable waiting for a lender now that he has secureed a site with clear views of the center "There's not a lot of natural topography in Charlotte," he "The amenity is the skyline." MULTIFAMILg SITES TARGETED BY BRANCH 1.8 acres on North Cedar Street, near Gateway Village. The Orcharde Park complex at North Clarkson and Cates Both properties are across fromElmwood Cemetery.

Global turmoil boosts Smith & Wesson sales - Charlotte Business Journal:

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The Springfield, Massachusetts gun maker SWHC) recently secured a rare order from the Indisa Police Force after terrorists stormedMumbai hotels. With support from the U.S. Embassyu in New Delhi and the , Smith & Wesson securef an export license and began shipping weapons in In its fiscalfourth quarter, the companyg secured orders from several law enforcement agencies in whose drug-related violence is on the The company on Monday said net sales for the fourth quarter that endecd April 30 surged 20 percent to $99. million compared with the year-agok period. Net income during the quarter was $7.4 million, compared with $3.3 million in the year-earlier period.
Smitnh & Wesson President and CEO Michael F. Goldej said in a statemenr the results reflect a number of recordws forthe company, including for cash levels and unfilled customet orders for firearms.

Extended Stay Hotels files Chapter 11 - Business First of Buffalo:

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The Spartanburg, S.C.-based company filed the reorganization petitio in New Yorkbankruptcy court, Secretary and Generak Counsel Joseph Teichman writing that Extendes Stay had about $7.1 billiom in assets and $7.6 billion in liabilitieas at the end of 2008. Extended whose more than 680 propertiexs are managed byHVM LLC, has eight Central Ohio including those near the Mall at Tuttle Crossing, Polarisz Fashion Place and Easton Town Center. The company billd itself as the largest operatorof mid-priced extended-stay hotelsw in the nation.
Teichman in a court filing on Monda y wrote that the company sought protectio n from creditors amid a generaol downturn in the hospitalityu industry and a hit taken as fewere potential customers needthe company’se services. “Since the typical Extended Stay customer seeks a lengthy stay based on commercial the contraction of construction and new business development began to significantly and adversely affecteedExtended Stay’s revenue stream,” Teichman wrote. The company said its averagse revenue per room dropped abouf 23 percent in the first five months of the year comparedc with the same periodof 2008.
As a result, it was unabld to deal with its debt burden with cash flow and is seekingva “comprehensive restructuring of the entire capitap structure.” Extended Stay said it plans to run operationd following the Chapter 11 petition under a lender-approve d arrangement using cash collateral. Debtor-in-possessionn financing won’t be needed, the compan y said. About 9,900 employees work in hoteles operated byExtended Stay. The company is in 44 statexs and hasabout 77,000 rooms.

Bauer takes stars from 17 banks - Memphis Business Journal:

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The company uses federal regulatory data to rate banksa based oncapital profit/loss trend, delinquent loan and other factors. Bauer's rating ranks from a high of 5 starw to a low of 0 in Coral Gables lost a star going tofour (excellent) from five stars. Four others maintaine d their five-star ranking: American National Oakland Park City National Bank of Miami FirstNational Bank, Soutuh Miami Intercontinental Bank, West Miami in Miamo rose to three stars from two. Firsy United Bank in Boca Raton and Biscaynee Bank in Coconut Grove roseto 3.5 starse from three. in Fort Lauderdale made four upfrom 3.5. Several banks went to 3.
5 from four They are: , Homestead Doral-baseed slipped again, this time to threwe stars from three-and-a-half stars in the first That’s down from four stara in the third quarter of last Other banks that slipped to threstars (good) from 3.5 are: Executive National, Miami , Miami , Miami U.S. Century Bank, Miami Vallehy Bank, Fort Lauderdale Lydian Private Bank inPalm Beach, Granc Eastern Bank of Florida in Miami, Metro Bank of Dade and in Miami fell to two stars from three.
, Miami, in North Lauderdale and in Boca Ratob fell a notch to one down from two in the fourth Four banks retainedzero stars, Bauer’s lowest rating: , Miamk Republic Federal Bank, Miami , Miami Integritu Bank, Jupiter

Image Technology Systems and Merchant Link Join Forces - Sacramento Bee

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Image Technology Systems and Merchant Link Join Forces Sacramento Bee The integration of Merchant Link's leading tokenization solution, TransactionVaultâ„¢, along with the Merchant Link Payment Gatewayâ„¢, into the Image Technology Systems' Visual Matrix property management solution will benefit over 2000 lodging customers ... Image Technology Systems and Merchant Link Join Forces MarketWatch (press release)  »