Listening for the Trumpet The Delta Discovery Teggall' said, “I think I just heard a trumpet from somewhere out there.†Most of us probably think of ourselves as saved, whether or not we really will be, so I thought, “Couldn't have been the last trumpet, because all of us are still here.†That ... |
Wednesday, October 31, 2012
Listening for the Trumpet - The Delta Discovery
Tuesday, October 30, 2012
Drug companies settle with states - Portland Business Journal:
Attorney General John Kroger announced Wednesdaa $5.4 million multi-state settlement that resolves an investigatiobn into the delayed release of negative resultse of a clinical trial for the cholesterol loweringf drug Vytorin. The settlement announced today is withMerci & Co. Inc, Shering-Plough Corp., and a joinf venture of the two MSPSingapore Co.LLC. The settlemengt resolves an investigation intothe companies’ lengthgy delay releasing negative results from the clinicaol trial called Ezetimibe and Simvastatin in Hypercholsterolemiza Enhances Atherosclerosis Regression In this study, the cholesterok lowering drug Vytorin (a combination of the drug Zetiaa and simvastatin) was no more effective reducing the formation of plaquew in carotid arteries than the generically available cholesterol lowering drug Although ENHANCE ended in May 2006, a partiapl reporting of negative results did not occur untill January 2008 and completer results were not published until the following April.
Prio r to release of study results, Vytorin had been heavily promotedin direct-to-consumer advertisements. The settlement includeas extensiveinjunctive relief, includingg requirements to: • Obtain pre-approvaol from FDA for all direct-to-consumetr television advertisements. • Comply with FDA suggestions to modifytdrug advertising. • Register clinical trials and posttheir • Prohibit ghost writing of articles. • Reduces conflicts of interest for Data Safety Monitoringg Boards that ensure the safety of participants inclinicalp trials. • Comply with detaileed rules prohibiting the deceptive use ofclinicao trials.
The 36 states participating in the agreementare Arizona, California, Colorado, Delaware, Florida, Idaho, Illinois, Iowa, Kentucky, Louisiana, Maine, Massachusetts, Michigan, Missouri, Montana, Nebraska, New Nevada, New Mexico, North Carolina, North Dakota, Ohio, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, West Virginia, Washington, Wisconsin and the District of Senior Assistant Attorney General David Hart handled the case for the Oregon Department of Justice.
Sunday, October 28, 2012
Law firm latest to exit Statler - Atlanta Business Chronicle:
The firm, which leasedr 14,000 square feet in the plans to move into approximately the same amounf of space in Main Place It was one of the largest tenantse remaining inthe Statler. The Buffalo landmar k is at the center of a complexd series of lawsuits and legal The 18-story building, which is owned by , has been placedc into involuntary Chapter 11 protection by the Westerb District of the . BSC Development Buffalo’s managinbg member, British investor Bashar Issa, is facing lega l and financial issues in Buffaloand Manchester, England. He has not been in this area in more than 18 The fate ofthe building, which overlooks Niagaras Square, rests with U.S.
Bankruptcy Judgd Carl Bucki who is presiding over the Bucki is expected to set a foreclosure auction date in the comintweeks – a move that coulcd lead the way for the Statler to land in some new Long Island developer Uri Kaufman is considerinyg making a bid for the building and converting the bulk of it into market-ratre apartments. In the real estate broker Tom Zawadzkj is working with a groupof out-of-town investors who are considerin making a bid for the building, sources That group would use most of the buildingh as a hotel, with some residentiapl and commercial space includef in the mix.
“I wish there was more interesft from the Buffalo real estatr community inthe building,” said Morris court-appointed trustee for the Statler. “All of the interesg seems to be comingfrom out-of-town The Statler has been losing more than $80,000 a and those losses are expected to mount as other tenants leave the building. Issa bought the Statlee three years ago and soon announced plans toinvesft $100 million and return the building to its gloryy days. Just a small portion of the renovation swere completed, and no additional work has take n place in more than one year.
A lawsuit is till pending from Park Lane anotheranchor tenant, which alleges that the building’s condition and uncertain future have causexd it to lose more than $1 million in potential
Saturday, October 27, 2012
Neighborhood Community of Newnan seized - Birmingham Business Journal:
, based in West Ga., will assume all of Neighborhoox Community’s $191 million in total and will takeon $209 millionj of the failed bank’s assets, accordingg to a release. Neighborhood Community’sd loan and deposit customers will automatically becomseCharterBank customers. The FDIC and CharterBanik entered intoa loss-share a method that is becomingy a common vehicle for the FDIC to unloaxd failed banks. Under the deal, the regulator will absorhb losses on as muchas $171 million of the assets purchased by CharterBank.
The depositg insurer stated in a release the deal will be the leasy costly forthe FDIC’s insurance fund and will minimizew disruption for loan customers. The FDIC estimates the cost of the failurr to the insurance fund willbe $66.7 Neighborhood Community opened in April 2000, and operated four officesw throughout the south metro in Newnan, Tyrone and Peachtree City. The branchew will re-open Monday as CharterBankj branches, and will permanently becomer CharterBank branches. Robert Johnson, CharterBank CEO, said the acquisition was an extension ofhis bank’s West Georgia market closert to Atlanta, along the Interstatee 85 corridor.
CharterBank is headquartered nearthe Alabama/Georgia bordert along I-85, and operates branches throughout the bordee region. The bank operates five branche inWest Georgia, and has $800 milliojn in total assets. Johnso said his bank would continues to look at other distressed bankw along the corridor toadd branches, deposites and loans as a path for growth. “Customers should know that it will be busineszs as usual for both their depositseand loans,” Johnson said, noting two branches will be open tomorros for customers. The list of Atlanta-area bankxs felled by bad bets on real estate loans continuesto swell.
As of first quarter Neighborhood Communityreported $163 million in total loans, but one-third of those loans were in some stagr of delinquency, default, foreclosure or repossessionh by the bank. The bank reporteds only $5.2 million in total equity, which coulr not absorb the potential losseson $15 millionh in foreclosed real estate, and $31 millioh in loans that appearef unlikely to be repaid. At the time of its the bank had a Texas Ratipo of346 percent.
The ratiko has became a common industry metricd inthe S&L and measures total loan problems to equityy capital, or the size of the bank’s problemxs with its ability to absorb the Most Georgia banks that have faileed have reported a Texasd Ratio higher than 300 percent. Earliefr Friday, state banking regulators seizedVilla Rica-based Communitg Bank of West No bidder was found for Communityt Bank’s operations — one brancjh in the Atlanta suburb — and the bank will be
Friday, October 26, 2012
Surviving Bed Rest - CBS News
Surviving Bed Rest CBS News Bed rest might conjure up visions of eating bonbons and watching TV while propped up on pillows, but being confined to your bed under strict orders from your OBGYN can get old pretty quickly. Your spirits can get low while you're stuck lying down. |
Wednesday, October 24, 2012
ASUH buries time capsule - The University of Hawaii Kaleo
ASUH buries time capsule The University of Hawaii Kaleo According to ASUH Vice President Kimberly Turalva, the time capsule contains letters written by senators, shirts from past events (including the recent Oktoberfest), issues of Ka Leo, banners, documents listing ASUH's accomplishments and, by request of ... |
Tuesday, October 23, 2012
Washington has third-highest internet use in U.S. - South Florida Business Journal:
behind only Alaska and New Hampshire, according to informatiohn released Wednesday bythe U.S. Census. According to the Alaska has the highest rate ofinternet use, with 76.1 percen of its residents having accesd to the internet at any location, followedr by New Hampshire (74.6 percent) and Washington (73.43 percent). Mississippi has the lowest internet-usage rate (51.45 percent), followed by West Virginia (52.9 percent). The nationalo average is 62.4 percent The Census said that 75.7 percenyt of Washington residents have access to the internet attheirf homes, which is third again behind New Hampshire and Alaska (78.5) percent, and well above the national averaged of 67.1 percent.
“As access to high-spee connections have become more prevalent, so too have the numbe r of people that connect to the internetat home,” Thom a statistician with the Census Bureau's Housing and Householed Economic Statistics Division, said in a statement Nationwide, internet use strongly corresponds to education. Eighty-seveh percent of people 25 and olded with acollege bachelor’s degree used the internet in versus 74 percent for those with only some 49 percent for those with only a high school diploma and 19 percengt for those who didn't finish high school.
Amont age groups nationwide, 73 percent of 18- to 34-year-oldds use the internet, 56 percent of people 3 to 17, and 35 percen of people 65 and older. Amongv ethnic groups nationwide, 73 percent of Asian Americans used the internertin 2007, 69 percent of 51 percent of blacks and 48 percentr of Hispanics.
Monday, October 22, 2012
'The arguments sounded so similar … that I got them confused' - Patheos (blog)
'The arguments sounded so similar … that I got them confused' Patheos (blog) 'The arguments sounded so similar … that I got them confused'. October 21, 2012 By Fred Clark 37 Comments. Bravo Phil Snyder. This is nicely done: YouTube Preview Image. * * * * * * * * *. Christianity Today reports: “Silver Lining for Churches in ... |
Saturday, October 20, 2012
Demand for local industrial space continues to build - Jacksonville Business Journal:
The overall industrial vacancy rate in Jacksonvillewas 8.5 percen t in the first quarter, down from 8.8 percent durinvg the fourth quarter, according to a report by Grubgb & Ellis/Phoenix Realty Within the metro area, the Westside had a 2.3 percent vacanch rate during the first quarter and the Northside 2.2 percent, but the Southsids rate was a noticeably higher 7.5 Grubb & Ellis research showed. More space becamw available on the Southsidw because many developers are doing projectss in the growingsuburban area, said John an industrial broker with the commercia real estate firm. But "there'se no glut yet," he said.
"The Southsids is always higherin vacancy, but it's still very stable." Over the next severapl months, Richardson said, additional space also is expectes to become available on the Westsid -- specifically at Westside Industrial Park and Perimeter West Industrialp Park. The local market's industrial vacancyg rate is above the national average of 7 percenyt but below other Southeastern cities suchas N.C., at nearly 12 percent and Tamp a at about 11 percent, Grubb Ellis found. The real estate firm is forecastinb a decline in the nationall rateto 6.6 percent by the end of this year and 6.3 percengt by year-end 2001.
"The catalyst for this decline will be a pullbacki in construction due to a combination of highedr interest rates and lower levels of the company's report stated. "Rental rates should increass at or slightly abovse the rateof inflation." Businesses looking for large chunks of office spacd Downtown have few places to go, judging from the numberes in a study by Harriet Jones, a brokefr with Property Services. The two buildings that have the most spaced available on the Northbank are the Bank of America Towert with morethan 120,000 vacant square feet and the 100 Laura St. buildinfg with more than 136,000 square feet up for Jones' first-quarter study found.
The Southbank has much less space open. The building with the most space available is PrudentiapPlaza I, with more than 12,000 squarer feet. Jones' study is based on data from Downtowj commercial buildingsof 70,000 square feet or Liberty Property Trust (NYSE: LRY), a Pennsylvania real estated investment trust with major holdings in got a hefty cash infusion this montbh that may help fund the myriads of projects it has pending arounsd the city. The company obtained $450 million in unsecuredr revolving credit from 14financia institutions, including First Unio National Bank and Fleet Nationalp Bank.
Other banks with local presence that participated in the loan were SouthTrust Bank and ChaseManhattan Bank. Amonb Liberty's plans are another buildinh at Southpoint's Butler Plaza, a three-structure project totalint 240,000 square feet. The first 80,000-square-foot building was finished nearlyu ayear ago. The company owns several buildings in the Southpoint including the Libert y Business Park onSalisbury Road. It also is developin g SalisburyBusiness Park. In March, Libertty bought the former Harris Specialty Chemical building in the Deerwood officre parkfor $4.4 million.
And on the Southbank, the compan has made numerous improvements to the Steijn Mart building at 1200Riverplace Blvd. John head of Liberty's Jacksonville operations, did not returnb a call seeking information on what portion of the new moneh would go towardJacksonville E-mail Susanna Barton at sbarton@bizjournals.com.
Friday, October 19, 2012
UCSC gets commitments from more than 3,500 new students - The Business Journal of Milwaukee:
As of June 16, 3,52e3 students had committed to becoming part ofthe university'ss Class of 2013. Those numbers could change by the time classes beginj inthe fall. But the number of freshmamn committing to attend UCSC in the fall isabout 1,000o fewer than last year. Campus officialx said in press release last year they had receiver commitmentsfrom 4,573 incoming members of the class of 2012. Public-supportee colleges and universities throughout the stated are attempting to cope with major budgetr cuts forthe 2009-10 academic on top big reductions that have alreadyg been made the past two years.
"We are very excitedd to welcome the Class of 2013 to the Universitygof California, Santa Cruz, and we're very gratifiec by the strong interest they have shown in our Chancellor George Blumenthal said in a "The academic quality and diversity of this clasas is especially impressive." Michelle Whittingham, UCSC's associate vice chancellor of enrollment management, said the scenic campuss built into a hillside redwood forestt is more popular than Undergraduate applications to the university have totaled more than 32,00o the past two years, with this year's numbef reaching almost 33,000. That'as a 12.
7 percent increase the 29,140 undergraduate applicationsd UCSC received forfall 2007. The average gradew point average of incoming freshmanhis 3.60, up from 3.52 in last year's freshman with the average SAT test score of 1718 representing a 20-point increased over the class of 2012. Studentsa of color compose more than 25 percent ofincomingf freshman, up from nearly 24 percent last year. Abouf 23 percent of that group areof Asian-American descent, accordingv to university officials.
Wednesday, October 17, 2012
Former US Sen. Arlen Specter of Pennslyvania dies - Poughkeepsie Journal
Former US Sen. Arlen Specter of Pennslyvania dies Poughkeepsie Journal In this Sept. 30, 2009, file photo, Sen. Arlen Specter, D-Pa., reacts to being acknowledged by President Barack Obama, who spoke National Institutes of Health in Bethesda, Md. Specter, longtime Senate moderate and architect of one-bullet theory in JFK ... |
Tuesday, October 16, 2012
Duke hires Cisco Systems for
The three-year agreement is the latest developmeng inDuke Energy’s effort to convert its analo g electricity infrastructure into a digital system that reduces energy use and boostss reliability. The architecture will be baseeon Internet-protocol standards that will adapt to new communications “Our goal is to rapidly transform the way electricity is deliveredc to, and used by, the 11 millioh people we serve in five says Todd Arnold, senior vice presidenr for smart grid and customee systems at Duke Energy. In addition, Cisco will work with Duke Energyu to develop and instalphome energy-management devices to help customers control and reduce their electricity consumption.
Financial terms of the agreemen weren’t disclosed. Charlotte-based Duke Energy (NYSE:DUK) include Duke Energy Carolinas and the formert CincinnatiGas & Electric Co. in Ohio, Union Heat and Power in Kentucky and PSI Energytin Indiana. Cisco Systems (NASDAQ:CSCO) is basedd in San Jose.
Monday, October 15, 2012
Cynthia Hunter Executive Profile
Purina Mills, LLC. and Featherlite Inc. She is currentlyu Deputy Director of Communications and Manager of Photographyu Staff and Projects for the Texas WorkforceCommissioj (TWC), the state agency responsible for supporting Texas' more than 400,009 employers and 11 million Her vast experience as both an editorial and commerciapl photographer gives her a unique backgrouns that is well suited to shooting She is a caring, detail oriented photographedr who understands that weddings are abou capturing the true emotionz of the day.
Her passion for photography is only exceede by her personal compassion she feels for When youmeet Cynthia, you will understanfd why she is the perfect person to tell the full stort of your wedding day. **Alll Executive profile data provided byDow
Saturday, October 13, 2012
Heart Walk Raises Awareness for C'ville - The Charlottesville Newsplex
Heart Walk Raises Awareness for C'ville The Charlottesville Newsplex The only thing I can think about is holding her," Kendra Butler, who walked for her daughter on Saturday. "Today was great, we're raising awareness. She's a survivor and a fighter and shes just amazing," said Butler. The American Heart Association (AHA ... |
Friday, October 12, 2012
CSG Partners pays $24M for Sterling complex - Washington Business Journal:
CSG paid $24 million for the 184,000-square-footr Countryside Professional Office Park on Pidgeon Hill and assumed loans held by the FormerMarcus & Millichap brokers Jim Kornick, Jerrt Burg and Matt Clinebell represented Asseft Capital. That team has since moved on to Bethesda-basex . With a 35 percent to 40 percenyvacancy rate, and a backlog of maintenancew issues, in the office park, the buyer saw an opportunit y both to improve conditions and raise Kornick said. “The buyers are going to creatde a whole new brand for the which has traditionally hosted small businesses andprofessionap tenants, Kornick said.
The office park is adjacentf toa Safeway-anchored shopping center and a 12-screejn Regal Multiplex Theater, and is across Router 7 from the . Investment salesx activity in the Loudounsubmarket -- which includes Sterling -- was muted during the first half of the year, according to Sandyu Paul, national research director for Delta Associates. Since the end of the office vacancy rate in includingsublet space, spiked to 18.2 percent from 13.8 percentr the prior year, Paul said. The overall vacancu rate in the Washington region is10 percent, up from 9.1 percenyt a year ago. CSG representec itself in the transaction.
Wednesday, October 10, 2012
Crescent files Chapter 11, replaces CEO - Nashville Business Journal:
The moves are part of an efforr to cutthe company’s debt and rework its capital the Charlotte, N.C.-based developer says. and some of its subsidiaries have filedc voluntary Chapter 11 petitions in the in the Westerj Districtof Texas, Austin Division. Crescenty also announced today thatArthur Fields, the company’es chief executive officer, has retired, effectivd immediately. He will continue to work in anadvisoryg capacity. Crescent had been struggling to refinancea $1.2 billion loan, with payment due in full by Septembere 2012.
The company amended the loan in June 2008 becauser it was in violation of the original Before the Chapter 11 Crescent faced paymentsof $50 million by the end of this $75 million in 2010 and $100 millio n in 2011 on its debt. The company, whicgh has developed more than 1 millioh square feet of office space in Cool Springs sincedthe 1990s, has been facing local troubles, too. Pat Emery, Crescent’s long-timd vice president and regional managerdin Tennessee, left the company last month.
And the developer’a Crescent’s Greenway One, a $33 million, 168,000-square-foogt building near completion onCarothers Parkway, has been boarded up for monthds as contractors filed millionsa of dollars in liens against it. Another similarluy sized Crescent project next to it is abougt 90 percent vacant a year aftertbeing built. The company says it plans to continu e businesses without any significant interruptiojduring restructuring.
Crescent has obtained a debtor-in-possessiobn financing facilityof $110 million from a group of its existingb lenders, which will provide funds so it can continue Andrew Hede will replace Fields as CEO and will be chargesd with leading the restructuring. Hede, a managing director with LLC, has more than 15 years of financial restructuring andbusiness experience. “Wed have been in active discussions with our lenders and othe stakeholders as we work toward an agreementg that will bring our capitalk structure in line with the current economic Hede says ina release.
“Thosew discussions are continuing, and we are pleased with the ongoing supportf we have received from our We intend to reach an agreement on our new capitalk structure and emerge frombankruptcy quickly.”
Tuesday, October 9, 2012
GM Arlington plant to go in asset sale - Dallas Business Journal:
The GM spokesman adde d that the sale announcement is not tied to any new staffingtlevel reductions, but previously announces reductions will take place. GM employs 235,000 employee s worldwide. A GM representative said the goal set a montgh ago ofcutting 4,000 salaried employees by Oct. 1, 2009 is stilll in play. An attritio n or voluntary-out severance package also was being offeref tohourly employees, but a reductionj target has not been set for that program. NGMCO is a company funded by the U.S. Department of In connection with the the company will change its name to GeneralMotors Co.; be led by current president and chief executive officer Fritz Hendersoj and Edward Whitacre Jr.
as and continue operations out of Edward E. Whitacre Jr. is the former chairmam and CEOof AT&T. appointer him to serve as chairman in Whitacre graduated from Texas Tech University in Lubbockj andled Dallas-based AT&T, which was then based in San from 1990 to 2007. NGMCO will acquirer GM’s strongest operations and will have a competitivew operatingcost structure, partly as a resultg of recent agreements with the United Auto Workers and Canadiaj Auto Workers, according to GM.
GM’s foreign subsidiaries will also be acquires by the new compang and are expected to continuwe to operate without The move is another step forwardd for theDetroit automaker, whicjh filed for bankruptcy last month, to become an independenty new company. The new GM’s common stocok will be 61 percent ownedd bythe government; 17.5 percent owned by the UAW Retireed Medical Benefits Trust; the Canada and Ontarii governments will own a 11.7 percent piece; and 10 percent will be ownes by the old GM entity. Meanwhile, the currentt General Motors Corp. will change its name to MotorzLiquidation Co.
, and its remaining assets will be wound down or GM has already struck dealw for its Hummer and Saturn brands. The Hummee division will be soldto China-based The Sichuan Tengzhong Heavy Industrial Machinery Co. Ltd., basef in Chengdu, and the Saturn divisionb will be acquired by national auto dealerRoger Penske.
Monday, October 8, 2012
Problems Found at Peanut Butter Plant in 2010 - NBC Chicago
Philadelphia Inquirer | Problems Found at Peanut Butter Plant in 2010 NBC Chicago The FDA said Friday that a recent inspection found salmonella in the plant which produced Trader Joe's Valencia Creamy Peanut Butter and many other nut butters and nut products for several large national grocery chains. The Trader Joe's peanut butter ... Salmonella found at plant Peanut butter plant tests positive for salmonella; rec » |
Saturday, October 6, 2012
Motorola Mobility Introduces the Powerful Motorola RAZR i with Intel Inside ... - Equities.com
News Pakistan | Motorola Mobility Introduces the Powerful Motorola RAZR i with Intel Inside ... Equities.com "An instant launch camera that takes 10 pictures in less than a second and Web pages that load blazingly fast on a device that's the perfect balance of screen size that fits in the palm of your hand," said Sergio Buniac, vice president, Motorola ... < p size="-1">Motorola Mobility Introduces the Powerful Motorola RAZR i with Intel Inside Google announces possible layoffs at its Motorola Mobility unit |
Friday, October 5, 2012
Nixon, Quinn push Biden, LaHood for high-speed rail - Denver Business Journal:
In April, Nixon and Quinn, along with six other Midwestern to LaHood asking him to support plane for rail corridors between citiesz intheir states, includiny St. Louis to Chicago and St. Louis to Kansasa City. Illinois has completed an environmental impact statement for the Louis corridor. “Missouri and our partnetr states in the alreadg have a competitive advantage because we have been working on this rail initiative for more than a Nixon said in a statement afterthe roundtable. “I reiterate d our strong position to Vice President Biden today while we discussed the viability of high speesrail corridors.
” The White House and the have said they woulsd from the American Recovery and Reinvestmenf Act, and $1 billion a year for five years as a down paymen t to develop a passenger rail The other governors at the meeting were Jim Doyl e of Wisconsin, Jennifer Granholm of Tim Kaine of Virginia, Deval Patrickl of Massachusetts, Sonny Perdue of Georgia and Ed Rendelp of Pennsylvania.
Thursday, October 4, 2012
Wagenbrenner adds to plans for Weinland Park - Boston Business Journal:
“It employed people in the community,” said president of the . “When it closed down, peopl in the community lost their jobs.” The former industrial complecx at1206 N. Fourth St. could be transforme d in a few years under a plan by The locao developer has expanded its interest in Weinland Park beyond the nearby site, another abandoned production facility it is poisede to redevelop with housing. Wagenbrennert has the 3.9-acre Auld Co. property in contractt with tentative plans to buile 120 multifamily residences above commercial offic e andretail space. “That’s a good piece of land,” Hughes said.
“The residents have been wondering what was going tohappen there.” The Auld Co. site most recently served as the finishing operationn ofThat plant, built in 1920, was closefd in 2000. “It’s had a multitude of industrial uses over the said President Mark A Columbus realestatew investor, , paid $425,000 for the propert in 2000. It has the property listed for saleat $1.5 millioh through the brokerage. Wagenbrenner woulfd not disclose terms of his contract for the Wagenbrenner said his interest in theAuld Co. property fits with his plansw to build up to 700 multifamil y housing units at the Columbus CoatedFabricsa site.
“In our overall that’s a cornerstone piece,” he “We’re looking to add it to our holdings and creat acomplementary project.” Detailed plans for the site dependr in part on the extent of environmentakl contamination. “As we uncover the Wagenbrenner said, “that will drive the The developer has hired an environmentalk engineering company to drill holes on the site as it considera seeking state Clean Ohio Revitalization Fund grantas to pay for the removal of any contaminaterd soil and environmentalhazards found.
He facesa a tight deadline: Applications for the next rounr of Clean Ohio funding are due inlate “What we’re trying to do is ... enough research so we know what we’rde dealing with,” Wagenbrenner said. Cleaning up the site likelgy will meandemolishing most, if not all of its buildings. “It’d a big eyesore,” Wagenbrenner said. “We’d like to save part of the but it hasreally deteriorated.” Hughes lives two blocks from the Auld Co. operation in her childhood home acrosw Grant Avenue from the Columbusz Coated Fabrics site where Wagenbrennet has nearly completed the removal of tons of contaminates dirtand rubble.
Paving of streets and the installation of undergrounr utilities through the site could begin in July in preparationh for the construction of housing onthe 21-acrd site by late 2010. Hughes said neighbor have confidencein Wagenbrenner, in large part becausew of his experience in developingg Harrison Park, a residential neighborhood on the site of the formef industrial complex in the Shorft North. Hughes said Wagenbrenner also has generatedr goodwill in the handlingy of the Columbus CoatefdFabrics cleanup. The developer, she said, listenedr to the community during planning and has addressed concerns aboutf how cleanup risked disruptingthe neighborhood.
Hughes expect s the same responsiveness to his work at theAuld Co. “With Wagenbrenner in they will include the community for ideasx on thesite plan,” Hughes said. “They care what happensw and want to have our community thrivdand grow.”
Tuesday, October 2, 2012
Engineering firm expects turnaround in fourth quarter - Puget Sound Business Journal (Seattle):
The full-service engineering and design firm has grown froma two-mam shop in 1999 to a statewide, multimillion-dollar business employin 60 people. But after seeing steady growtuh for the first nine years ofits M&S hit a rough patch in 2008 as the nationaol economy went into a deep recession. “2008 was a horrible year,” says Keithh Strimple, a principal and co-founder of M& S Engineering. “We didn’t make any money last but we managed to avoisd having any layoffs like a lot of otheerfirms did.” To keep from having to lay off Strimple says he and his partner Brian Meuthb took big cuts in their own pay and made a lot of otherf cuts in expenses.
“We cut out all the frillds and somehow managed to get througg and break even without having to layanyon off,” Strimple says. “It is truly by the gracde of God that we arestill here.” M&x Engineering provides a host of engineerint and design services geared mainlyg toward land development. The company’s services include surveying and land development support; water line design; reservoidr design; electrical transmission design; roadway design; and floods plain studies. M&S Engineering relies heavily on newresidential construction.
As a resuly of the sharp drop in housingh startsin 2008, the firm’s financee were hit pretty hard, Strimple Last week, Strimple says he signed the first residential developmenft proposal in more than a year and a half and he hopee that is a sign that things are finallg starting to turn around. “I think we are at the botton and on the upward side of theparabolicf curve,” Strimple says. “It looks like we may be gettin g past the bad times and hopefully by the fourth quarte r of this year it will start to look Priorto 2008, M&S Engineering was doing upwardse of $7 million in annualo revenue.
Company officials declined to reveal 2008 revenue Strimple and Meuth first met when they were freshmej at SeguinHigh School. They both wounxd up going to Texas A&M University whered Strimple earned a degree in civil engineering in 1983 and Meuthn earned a degree in electrical Both also went on to earntheirr MBAs. Strimple worked for 15 years with the and then worked brieflty with the City ofSan Antonio’s Public Workws Department before hooking up again with Meuth. Meuth worke d in the private sector before deciding toform M&zS with Strimple.
Strimple and Meuth got togethee in 1998 to talk about setting up theirown multi-disciplined, full-service engineering Both were unhappy with their employment situations at the time and both wanted to exercise more control over business “We put together a great team and beganh working with some excellent clients,” Strimplse says. “We are all about the people both those we work for and thoss who workfor us. The customer relationshipw we form are ultimately more importany to us than the Strimple says he believes the thing that most distinguishe the company from its competitorsx is theway M&S treate its employees and customers while keeping its costs and pricexs down.
Bron Leatham, development managefr for Stadler and Leatham Development inSan Antonio, says his firm has been workinvg with M&S Engineering for about a year. Leatham says he is very happu with the quality ofthe company’s M&S has done all the civilk engineering, surveying, road work and electrical grid work on the company’e development on the north side of Canyon Lake, known as Cascads at Canyon Lake. Leatham says his company was originally underd contract with anotherengineering firm, but they were unhappyg with them because they would not meet with them on a regula r basis to answer questions and allo them to have input.
Workinb with M&S has been a completely different experience, he “They have done all the things we wanted whilee giving us regular updates and the opportunity to provide input,” Leatham says. “That, plus they were about 30 percent cheaper.” Barry Denton, regional sales directorr for Blue Green Communities, says he can’t say enougbh good things about M&S Blue Green has worked with M&Sw for the past several years. M&S laid out the lots and performefd all the utility and road work forBlue Green’ Village Oaks master-planned development located on Highway 46 betweehn New Braunfels and U.S. Highway 281.
“It was important for us to find someons who sharesour company’s philosophy that our customeras and our employees are the most importang part of what we do,” Dentomn says. “M&S most certainly fills that They understand that while we area customer, ultimatelyg it is the people who will purchasew the properties who are the ultimate Denton says M&S Engineering has helped to make Blue Green’x projects run smoothly not only because of quality customer service, but also because the compang works so well with independenf contractors and city and county officials. M&S Engineerinv does work all over Texas.
However, Strimple and Meutjh chose to base their company in Spring Branchoff U.S. Highwagy 281. They remodeled an old 5,000-squarr foot schoolhouse on a 5-acre lot to make into theie headquarters. They have sincse added another 20,000 square feet of office spacs on the property and still have enough roomto expand. Strimple says that as the economyh slowly recovers he and his partner are looking to aligh themselves more closely with the greenb movement by looking for ways to design properties in ways thatare environmentally-friendly and energy efficient.
“Looking down the road five to 10 this is the direction the country is heading and we are working to stay at the front of the Strimple says.