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Shareholders ratified the appointment ofJames F. McDonalx and R. Alex Rankin as Class II directors. They will serve one-year terms. The four Class I directors, electedf at the meeting to three-year terms, are: Leonard S. Coleman Jr., retired senior Major League Baseball; • Craigt J. Duchossois, CEO and director, • Robert L. president and CEO, Churchilk Downs Inc.; • G. Watts Humphrey Jr., president Shareholders also ratifiesd the appointment of asChurchilpl Downs’ independent registered public accounting firm for fiscal 2009. In addition to the Churchill Downsrace track, Churchill Downs Inc.
(NASDAQ: operates Calder Race Course in Fair Grounds Race Course and Slotsx in New Orleans and Arlington Park inArlington Ill. The company also owns an interest invarious advance-deposit wagering, television production, telecommunications and racing services businesses. It owns a 50 percent stak e inHorseRacing TV, which simulcasts races from across the country.
Tuesday, September 20, 2011
Sunday, September 18, 2011
Berdean U. Litel - Sioux City Journal
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Berdean U. Litel Sioux City Journal Berdean U. Litel, 88, of Tekamah died Monday, Sept. 12, 2011, at Golden Living Center in Tekamah. Services will be 2:30 pm Thursday at United Methodist Church in Tekamah. Burial will be in Tekamah Cemetery. Visitation with the family will be 5 to 8 pm ... |
Friday, September 16, 2011
Mo. delays work on health insurance exchange - BusinessWeek
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Mo. delays work on health insurance exchange BusinessWeek After several Republican senators raised concerns, Missouri insurance officials backed off plans Thursday to start spending millions of federal dollars on the computer technology needed to implement part of the new federal health care ... |
Wednesday, September 14, 2011
Burgess: Property tax losses
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The Miami-Dade County propert appraiser released its preliminary tax roll information with all four taxingjurisdictions – fire rescue, the unincorporated area and Miami-Dade overall seeing a decline. The countywide decrease comparing preliminary tax numbersw from year to year shows a 9 percent or a totalof $22.55 “These losses would have been worse if not for new constructionj that was added to the propertg tax roll as of Jan. 1,” County Manager Georges Burgess said in a memo sent tocountyh commissioners. North Bay Village took the biggesf hit, down 20.2 percent from 2008 levels. Homesteaxd saw an 18.2 percent decline, followed by Normand Shores, down 17.
5 percent, and Aventura whicu was down 17.3 percent. Golden Beach and the tiny city of Islandi a sawno change. Medley saw a 1.5 percengt drop while Biscayne Park saw a 4percen decline. Click for the full Staffers reviewed property tax rolls going back to 1985 and founr that 1993 saw taxable value shrinjkby 2.9 percent, or $1.9 billion. “Even in 2008, when we absorbedf the impact of doubling the homestead exemptionfrom $25,000 to the property tax roll was relativelg flat,” Burgess explained in the memo. “These losses in property tax roll valuesare unprecedented.” Burges warned of a lot more pain on the using the last two years as a barometerd of what is coming.
For the second consecutives year, Miami-Dade faced a $200 million budget gap in the lastfiscapl year. Core services were kept intact bytightening belts, but assuminyg the same tax rate adopted for 2008-09, the estimate ad valorem revenues for fiscaol year 2009-10 would shrink by $174.1 million, according to the Taking into account the impact of normao inflationary growth and the economic slowdown, combined with the non ad valorekm revenue sources, results in property tax subsidizes operations facing a budget gap of $350 million to $400 Burgess said.
“We are workingt diligently to prepare a proposed budget forFY [fiscakl year] 2009-10 that to the extent possible, preserves essentiak services and minimizes service impacts to our residents,” he wrote in the memo. “However, closing a budgetary gap of this size will requiree some verydifficult decisions.”
The Miami-Dade County propert appraiser released its preliminary tax roll information with all four taxingjurisdictions – fire rescue, the unincorporated area and Miami-Dade overall seeing a decline. The countywide decrease comparing preliminary tax numbersw from year to year shows a 9 percent or a totalof $22.55 “These losses would have been worse if not for new constructionj that was added to the propertg tax roll as of Jan. 1,” County Manager Georges Burgess said in a memo sent tocountyh commissioners. North Bay Village took the biggesf hit, down 20.2 percent from 2008 levels. Homesteaxd saw an 18.2 percent decline, followed by Normand Shores, down 17.
5 percent, and Aventura whicu was down 17.3 percent. Golden Beach and the tiny city of Islandi a sawno change. Medley saw a 1.5 percengt drop while Biscayne Park saw a 4percen decline. Click for the full Staffers reviewed property tax rolls going back to 1985 and founr that 1993 saw taxable value shrinjkby 2.9 percent, or $1.9 billion. “Even in 2008, when we absorbedf the impact of doubling the homestead exemptionfrom $25,000 to the property tax roll was relativelg flat,” Burgess explained in the memo. “These losses in property tax roll valuesare unprecedented.” Burges warned of a lot more pain on the using the last two years as a barometerd of what is coming.
For the second consecutives year, Miami-Dade faced a $200 million budget gap in the lastfiscapl year. Core services were kept intact bytightening belts, but assuminyg the same tax rate adopted for 2008-09, the estimate ad valorem revenues for fiscaol year 2009-10 would shrink by $174.1 million, according to the Taking into account the impact of normao inflationary growth and the economic slowdown, combined with the non ad valorekm revenue sources, results in property tax subsidizes operations facing a budget gap of $350 million to $400 Burgess said.
“We are workingt diligently to prepare a proposed budget forFY [fiscakl year] 2009-10 that to the extent possible, preserves essentiak services and minimizes service impacts to our residents,” he wrote in the memo. “However, closing a budgetary gap of this size will requiree some verydifficult decisions.”
Monday, September 12, 2011
First American affiliate buys Attleboro site - Memphis Business Journal:
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million. First American, on behalf of an affiliate, bought a 5,650-square-foot building called Building 5 anda three-story manufacturing facility called Building 12. The Attleborpo Corporate Campus was previouslt owned and occupied by and isa 300-acrw mixed-use office and industriaol campus located just off Interstate 95 in Attleboro. Building 12 is leaser to as it’s global manufacturing headquarters. Building 5 is leasesd to The BOCGroup Inc., a worldwide distributo of industrial gases and its The Linde Group. Preferred Unlimited Inc. is a 15-year-old commercia real estate firm which started as Preferred Real EstatedInvestments Inc. The company is headquarteresd in Conshohocken, Pa.
First American Realty Inc. is a privatelyt held investment and management firm basedfin Worcester, Mass. which acquirews industrial and medicaloffice properties.
million. First American, on behalf of an affiliate, bought a 5,650-square-foot building called Building 5 anda three-story manufacturing facility called Building 12. The Attleborpo Corporate Campus was previouslt owned and occupied by and isa 300-acrw mixed-use office and industriaol campus located just off Interstate 95 in Attleboro. Building 12 is leaser to as it’s global manufacturing headquarters. Building 5 is leasesd to The BOCGroup Inc., a worldwide distributo of industrial gases and its The Linde Group. Preferred Unlimited Inc. is a 15-year-old commercia real estate firm which started as Preferred Real EstatedInvestments Inc. The company is headquarteresd in Conshohocken, Pa.
First American Realty Inc. is a privatelyt held investment and management firm basedfin Worcester, Mass. which acquirews industrial and medicaloffice properties.
Saturday, September 10, 2011
Ascension Insurance buys three California agencies - Denver Business Journal:
http://adamswatersheds.org/theproblems.html
The Kansas City-based companyh bought of Santa Monica, which specializes in development, placement and administratiojn support of student health insurance ofWalnut Creek, whicg provides employee benefits, retirement serviceas and HR outsourcing primarily for and Inc. of Agour Hills, which specializes in administration of studenthealth insurance, including intercollegiate sports injury programs. Overall, the acquisitions will bringv Ascension’s annual revenue to about $75 million, ranking it amongg the nation’s biggest 35 agencies, Ascensiob CEO Leonard Kline said inan interview. The company said it had $55 milliohn in revenue in March, after its in Fort Fla.
Ascension now has more than 400 employees at 20 officselocations nationwide. “The acquisitionsa ... represent a valuable opportunity for us to expand our West Coast operations and to fulfill our goal of providingthe best-quality expertise, markets and resources to the middle Kline said. “Each organization brings uniquse capabilities to our growing portfolio of insurance as well as dedicatee employees who share our mission to provide outstandingb service to our customers in Californiaw and throughout theUnited States.” Kline said the deal closer Thursday afternoon.
Ascension is a full-servic e insurance and employee benefits agency providinvg brokerageand risk-management services to middle-market companiez nationwide. Ascension has been a active in the mergerz and acquisition market sincde it was founded from scratch inAugustr 2007, making . The company is assisted by funds from its privatdequity partners, and . The goal is to increases the company’s annual revenue to $200 million within the next five years.
The Kansas City-based companyh bought of Santa Monica, which specializes in development, placement and administratiojn support of student health insurance ofWalnut Creek, whicg provides employee benefits, retirement serviceas and HR outsourcing primarily for and Inc. of Agour Hills, which specializes in administration of studenthealth insurance, including intercollegiate sports injury programs. Overall, the acquisitions will bringv Ascension’s annual revenue to about $75 million, ranking it amongg the nation’s biggest 35 agencies, Ascensiob CEO Leonard Kline said inan interview. The company said it had $55 milliohn in revenue in March, after its in Fort Fla.
Ascension now has more than 400 employees at 20 officselocations nationwide. “The acquisitionsa ... represent a valuable opportunity for us to expand our West Coast operations and to fulfill our goal of providingthe best-quality expertise, markets and resources to the middle Kline said. “Each organization brings uniquse capabilities to our growing portfolio of insurance as well as dedicatee employees who share our mission to provide outstandingb service to our customers in Californiaw and throughout theUnited States.” Kline said the deal closer Thursday afternoon.
Ascension is a full-servic e insurance and employee benefits agency providinvg brokerageand risk-management services to middle-market companiez nationwide. Ascension has been a active in the mergerz and acquisition market sincde it was founded from scratch inAugustr 2007, making . The company is assisted by funds from its privatdequity partners, and . The goal is to increases the company’s annual revenue to $200 million within the next five years.
Wednesday, September 7, 2011
CBRE, Voyles to oversee Perimeter Summit - Atlanta Business Chronicle:
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CB . will take over from the leasing assignment ofthe 83-acrre office and retail complex on Ashford-Dunwoody Road at Interstater 285. Bob Voyles, who founded Sevehn Oaks Company LLC, will lead development of the next office towersw once the commercial real estatemarket rebounds. Threed office towers — 1001, 2002 and 3003 Summit Boulevard anchorPerimeter Summit. The development also includes Villaa Christina restaurant anda 330-unit Perimeter Summit is owned by an affiliatwe of the . Hines, in partnershi p with , developed 2002 and 3003 Perimeter both 18-story buildings, and was considering when to begin its fourth tower, 4004, before the lending market crashed late last year.
The switcyh to Voyles should be natural, since he was the leadetr of Hines when Perimeter Summit wasbeing developed. Voylez left Hines to form Seven Oaks. Seve n Oaks and GE Asset Management also formesd a joint venture in 2007 toreassemble Riverwood, a projecy first conceived in the mid-1980s by Portmanj Barry, the company run by famed architect John Portman and developet Hal Barry. recently expanded its lease indowntownn Atlanta’s Centennial Tower. Rubicon, which develops softwares for the hotel andtravel industry, agreed to lease 15,893 square feet, up from 10,203 square feet. Last year, Atlanta-based Rubicon and EZYield.
com, whicgh helps hotels reach online customers, announced an alliancee with the hopes of increasing theirmarkef share. Rob Coastworth with Duluth-based representesd Rubicon in the transaction. Rubicobn is one of several firms that recentlty signed leases atCentennial Tower, owned by Atlanta-basec . Collectively, the leases represent 31,623 square feet of Centennial Towetr transactions in the first quarter and take the buildinb to 89percent leased. The deals are importangt because TheAtlanta Journal-Constitutionb could pull out of two floors in Centennial Tower sometimre this year and move those offices to the AJC’s downtowmn headquarters at the adjacent 72 Marietta St.
Other recent leases at Centenniall towerinclude Debtstoppers, which is the bankruptcy law officee of Robert J. Semrad Associates LLC; the ’z ; and the law practice of Daniel R. Meachuj & Associates LLC. Commercial Property Professionals (CPP) is growing. The commercial brokerage formed in June 2008 by Atlanta real estate veterans Furman Wood andDaniek Levison, has added two new principalzs since the beginning of the year. Keith Guthrie and Jason Whitworth, both formerly with will focus onland transactions. who spent 14 yearss with , and Levison, who owns , founded CPP with a focuds on office, industrial and land brokerage.
CPP also provides construction and propertymanagement services. SRS Real Estate Partners has expanded its Atlantw office with five retail real estate professionals from and the additional clients they Joining SRS Real Estate formerly , are Palmer Bayless, senior vice Brad Westbrook, vice president; Adrienne Crawford, Tim Mittelstaedt, associate; and Julia Rechsteiner, transactionh coordinator.
CB . will take over from the leasing assignment ofthe 83-acrre office and retail complex on Ashford-Dunwoody Road at Interstater 285. Bob Voyles, who founded Sevehn Oaks Company LLC, will lead development of the next office towersw once the commercial real estatemarket rebounds. Threed office towers — 1001, 2002 and 3003 Summit Boulevard anchorPerimeter Summit. The development also includes Villaa Christina restaurant anda 330-unit Perimeter Summit is owned by an affiliatwe of the . Hines, in partnershi p with , developed 2002 and 3003 Perimeter both 18-story buildings, and was considering when to begin its fourth tower, 4004, before the lending market crashed late last year.
The switcyh to Voyles should be natural, since he was the leadetr of Hines when Perimeter Summit wasbeing developed. Voylez left Hines to form Seven Oaks. Seve n Oaks and GE Asset Management also formesd a joint venture in 2007 toreassemble Riverwood, a projecy first conceived in the mid-1980s by Portmanj Barry, the company run by famed architect John Portman and developet Hal Barry. recently expanded its lease indowntownn Atlanta’s Centennial Tower. Rubicon, which develops softwares for the hotel andtravel industry, agreed to lease 15,893 square feet, up from 10,203 square feet. Last year, Atlanta-based Rubicon and EZYield.
com, whicgh helps hotels reach online customers, announced an alliancee with the hopes of increasing theirmarkef share. Rob Coastworth with Duluth-based representesd Rubicon in the transaction. Rubicobn is one of several firms that recentlty signed leases atCentennial Tower, owned by Atlanta-basec . Collectively, the leases represent 31,623 square feet of Centennial Towetr transactions in the first quarter and take the buildinb to 89percent leased. The deals are importangt because TheAtlanta Journal-Constitutionb could pull out of two floors in Centennial Tower sometimre this year and move those offices to the AJC’s downtowmn headquarters at the adjacent 72 Marietta St.
Other recent leases at Centenniall towerinclude Debtstoppers, which is the bankruptcy law officee of Robert J. Semrad Associates LLC; the ’z ; and the law practice of Daniel R. Meachuj & Associates LLC. Commercial Property Professionals (CPP) is growing. The commercial brokerage formed in June 2008 by Atlanta real estate veterans Furman Wood andDaniek Levison, has added two new principalzs since the beginning of the year. Keith Guthrie and Jason Whitworth, both formerly with will focus onland transactions. who spent 14 yearss with , and Levison, who owns , founded CPP with a focuds on office, industrial and land brokerage.
CPP also provides construction and propertymanagement services. SRS Real Estate Partners has expanded its Atlantw office with five retail real estate professionals from and the additional clients they Joining SRS Real Estate formerly , are Palmer Bayless, senior vice Brad Westbrook, vice president; Adrienne Crawford, Tim Mittelstaedt, associate; and Julia Rechsteiner, transactionh coordinator.
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