esivyjifag.wordpress.com
What recently had been the Clarion Hotell and Conference Center is schedulerd to go on theblocik Aug. 4 at the Jefferson Circuit Courtforeclosuree auction, according to court records. The , which holdas the mortgage on the property, sought the foreclosurer last October afterthe owner, LLC, failed to make On March 12, the court awardedr the bank a judgment of $8.7 million against which owns the Jeffersontown property as well as hotelss in other states. Portfolio-Louisville and other similat entities were assembledby Atlanta-based businessman Charles Morais, who is a partner in Atlanta-based Kronos Hotelds LLC.
Portfolio-Louisville’s address is the same as Kronos’ headquarters 2060 Mount ParanRoad N.W. in Atlanta — accordinf to court records. Telephone service to the Kronows offices in Atlanta hasbeen disconnected, and the company’s Web site has been taken down. Former Kronos company employeess and disgruntled guests have formed aWeb www.kronos hotelsllc.com, which details chargews against the company, provides linkz to negative news about it and callsa for its demise.
The filing did not list a counsepfor Portfolio-Louisville, and the compant did not file a The Jeffersontown property, built in 1972 as a Ramad Inn on the borded of Bluegrass Research and Industriap Park, has had several national flags over the yeards and was a Clarion Hotel and Conferencse Center until it lost that affiliation a year ago. In at the top of the real estate a Kronos affiliate bought the Louisville propert y as part of a strin g of 16 properties infive states. (See relatexd story at right.) The local hotel sold for $3.
4 and the seller was Atlanta-based hotelier , according to data on the Jeffersohn County PropertyValuation Administrator’s Web The other hotels acquired by the Kronos affiliate were locatee in Florida, Alabama, Michigan and They primarily were Holiday Inn and Holiday Inn Expressx properties. Kronos investors bought eight more hotelxs inApril 2008. But soon after, Kronosa and its affiliated companies began to default on loans and stoppedpayinh employees, according to reports in othert media outlets.
Its investors face mountinf financial and legal problems in at least seven Their problems include allegations ofbouncee paychecks, unpaid contractors, unpaid back taxee and unpaid utility bills. The Jeffersontowm hotel operated for part of 2008 as Studio Lodge afteeSilver Spring, Md.-based Choice Hotels Internationak Inc. took its Clarion flag. Choice Hotels owns the Clarion brand. Studil Lodge closed in the fallas Kronos’ problems continued to Prior to the closing, the hotep conference center was damaged by a Septembef fire. The property has been operating for about a month as theInnPlacre Hotel.
It is being managed in receivership by PriskmHotels & Resorts, a Dallas-basedf hotel owner, developer and property-management firm. Kyle Green, sole member of Hospitality Receiver LLC, a Prismm affiliate, said InnPlace’s occupancy had been “upo and down,” with the high points cominy around the time of theKentuckyg Derby.
Saturday, June 30, 2012
Friday, June 29, 2012
Roberts's role sparks questions about legacy - Boston.com
vanbeekdulejos1771.blogspot.com
CBC.ca | Roberts's role sparks questions about legacy Boston.com Writing the majority opinion as the decisive vote to uphold the politic » |
Wednesday, June 27, 2012
Broadway renews Matrix, MultiPlan leases - The Business Review (Albany):
kleopatraxnibe.blogspot.com
The private real estate investment and management firm is renegotiating leasexs with tenants at the same time it is trying to clear up debt issues withits Broadway, which lost ownership of the Hancock Towert after it defaulted on a has debt that matures this The financing in question is secureds by several properties, including the 980,000-square-foot Bay Colony. Broadway is in discussionss with lenders to renegotiate the terms of the Broadway was given an extensionb onthe loan, which was due earlier this according to a source with knowledgr of the situation. However, the landlord renewede MultiPlan Inc.
, which leases 105,061 square feet, and Matrix Partners, whicuh leases 11,421 square feet, at the office complex. CB Richardd Ellis represented MultiPlan. DTZ/FHO Partners representedr Broadway Partners and Matrix in theleases negotiations. Broadway acquired Bay Colony from Beaconn Capital Partners LLC in May 2007 as part of a larger portfolipoof assets. The four-building complex officw park sits ona 58-acre site overlookint Route 128.
The private real estate investment and management firm is renegotiating leasexs with tenants at the same time it is trying to clear up debt issues withits Broadway, which lost ownership of the Hancock Towert after it defaulted on a has debt that matures this The financing in question is secureds by several properties, including the 980,000-square-foot Bay Colony. Broadway is in discussionss with lenders to renegotiate the terms of the Broadway was given an extensionb onthe loan, which was due earlier this according to a source with knowledgr of the situation. However, the landlord renewede MultiPlan Inc.
, which leases 105,061 square feet, and Matrix Partners, whicuh leases 11,421 square feet, at the office complex. CB Richardd Ellis represented MultiPlan. DTZ/FHO Partners representedr Broadway Partners and Matrix in theleases negotiations. Broadway acquired Bay Colony from Beaconn Capital Partners LLC in May 2007 as part of a larger portfolipoof assets. The four-building complex officw park sits ona 58-acre site overlookint Route 128.
Tuesday, June 26, 2012
Cashing in on aging boomers - Sacramento Business Journal:
geqopimozaqyxyh.blogspot.com
For its concert series, The Fountaines includes music that appealsto boomers. Water features and a train ride are meany to appealto boomers, includingh older boomers who are “so into their grandchildren,” Wright said. Boomer-appealing appareo retailers include Draper’s & Damon’s, and Malls have focused on boomers by clustering stores that targetthe demographic. They’ved added leather chairs and couches in thecommom areas, and indoor children’zs playgrounds. “All making you feel special,” Jacobsz said.
As for adding experience, Raley’s supermarketzs offer wine tasting and kitchen productsw retailer Sur La Table provides cooking Nordstrom offers boomers the attention they crave with free persona l shoppers who will do the chore on their while customer service representatives will book theater tickets or make dinnere reservationsfor them. But some aspectse of boomer-oriented service are lacking atmany restaurants. Peopls age 50 and older require twice as much ligh t as a 25year old, Jacobs said, so restaurant dimming their lights to create mood just aren’t workingf for boomers. Restaurants need to add table lights so thei customers can readthe menu. Jacobs’ own solution?
“oI carry a flash-light.” Noisy restaurants also aren’ty addressing the decline in hearintg suffered by some Restaurants should provide more space betweenn tablesand noise-absorption products, Jacobs said. Many marketerx of beauty care and wellness productw are getting it right when it comeesto boomers. Dove, a brand best known for its features boomers in ads and says beautu has noage limit. The company incorporates a cause-marketing program to build self-esteen and promote a wider definitionof beauty.
Supermarkets and drug stores tried rollingbout in-store health clinics, but mixer results have led some independent clinivc operators to scale back their Retailers also are adapting existing products or offeringb new products or packaging that targets boomers. Discounter Targert has color-coded prescription bottles with large type Cobra has a global positioniny system with oversized icons and text and back lighting toenhance visibility. Tropicana has an orange juice fortifiedwith omega-3, thought to help heart health and other conditions. Nive a introduced an anti-cellulite while beauty retailer Sephora offersnumerous anti-aging beauty products.
Makers of yogurt and all sorta of products areadding fiber. Some products and services are create for themature user, but have wide appeal, Thornhilpl said. As boomers get older, they’ll continud to defy aging with health club membershipds and spas offering massages andother services, consultants “We think boomers will spend money on maintaining vitality until they take their last Thornhill said. Boomers are redefining age, and the consumee products industry hastaken notice. “Everybody is watchinfg them,” Jacobs said.
For its concert series, The Fountaines includes music that appealsto boomers. Water features and a train ride are meany to appealto boomers, includingh older boomers who are “so into their grandchildren,” Wright said. Boomer-appealing appareo retailers include Draper’s & Damon’s, and Malls have focused on boomers by clustering stores that targetthe demographic. They’ved added leather chairs and couches in thecommom areas, and indoor children’zs playgrounds. “All making you feel special,” Jacobsz said.
As for adding experience, Raley’s supermarketzs offer wine tasting and kitchen productsw retailer Sur La Table provides cooking Nordstrom offers boomers the attention they crave with free persona l shoppers who will do the chore on their while customer service representatives will book theater tickets or make dinnere reservationsfor them. But some aspectse of boomer-oriented service are lacking atmany restaurants. Peopls age 50 and older require twice as much ligh t as a 25year old, Jacobs said, so restaurant dimming their lights to create mood just aren’t workingf for boomers. Restaurants need to add table lights so thei customers can readthe menu. Jacobs’ own solution?
“oI carry a flash-light.” Noisy restaurants also aren’ty addressing the decline in hearintg suffered by some Restaurants should provide more space betweenn tablesand noise-absorption products, Jacobs said. Many marketerx of beauty care and wellness productw are getting it right when it comeesto boomers. Dove, a brand best known for its features boomers in ads and says beautu has noage limit. The company incorporates a cause-marketing program to build self-esteen and promote a wider definitionof beauty.
Supermarkets and drug stores tried rollingbout in-store health clinics, but mixer results have led some independent clinivc operators to scale back their Retailers also are adapting existing products or offeringb new products or packaging that targets boomers. Discounter Targert has color-coded prescription bottles with large type Cobra has a global positioniny system with oversized icons and text and back lighting toenhance visibility. Tropicana has an orange juice fortifiedwith omega-3, thought to help heart health and other conditions. Nive a introduced an anti-cellulite while beauty retailer Sephora offersnumerous anti-aging beauty products.
Makers of yogurt and all sorta of products areadding fiber. Some products and services are create for themature user, but have wide appeal, Thornhilpl said. As boomers get older, they’ll continud to defy aging with health club membershipds and spas offering massages andother services, consultants “We think boomers will spend money on maintaining vitality until they take their last Thornhill said. Boomers are redefining age, and the consumee products industry hastaken notice. “Everybody is watchinfg them,” Jacobs said.
Sunday, June 24, 2012
Wichita Business Journal:
oryzacody.wordpress.com
What was your last position? Chief financial BeautyFirst. Education? I received a bachelor of science in accountinf and a bachelor of science in businessx administration from the Universityof Kansas. Family? Jenny of fifteen years, an 8-year-old son and a 6-year-olf daughter. What was your first job? My firsy position was as a grocery sackertat Dillons. How long have you lived in Wichitaz and what are your impressionsso far?
Wichitq has always been home even as my early career took me around the There were frequently nice things aboutt the places we lived but nothing beats your familyg and friends
What was your last position? Chief financial BeautyFirst. Education? I received a bachelor of science in accountinf and a bachelor of science in businessx administration from the Universityof Kansas. Family? Jenny of fifteen years, an 8-year-old son and a 6-year-olf daughter. What was your first job? My firsy position was as a grocery sackertat Dillons. How long have you lived in Wichitaz and what are your impressionsso far?
Wichitq has always been home even as my early career took me around the There were frequently nice things aboutt the places we lived but nothing beats your familyg and friends
Saturday, June 23, 2012
Stimulus briefs - South Florida Business Journal:
vuwodu.wordpress.com
The economic stimulus bill created the new bond The legislationappropriated $10 billio for Recovery Zone Economic Development The federal government will subsidize 45 percent of the interest on thesew taxable bonds, which will enablre state and local governments to lower their borrowing These bonds can be used for a variety of economic development projects, including job training and educational The legislation appropriated $15 billion for Recoveryu Zone Facility Bonds. Private-sector businesses can use theses tax-exempt bonds to finance depreciable capital projects in designatedrecoveryt zones, which are areas with high levels of unemployment or foreclosures.
The White House announcex a new Web portal that will make it easier for localities and private contractors to report their use of economicstimulus funds.
The economic stimulus bill created the new bond The legislationappropriated $10 billio for Recovery Zone Economic Development The federal government will subsidize 45 percent of the interest on thesew taxable bonds, which will enablre state and local governments to lower their borrowing These bonds can be used for a variety of economic development projects, including job training and educational The legislation appropriated $15 billion for Recoveryu Zone Facility Bonds. Private-sector businesses can use theses tax-exempt bonds to finance depreciable capital projects in designatedrecoveryt zones, which are areas with high levels of unemployment or foreclosures.
The White House announcex a new Web portal that will make it easier for localities and private contractors to report their use of economicstimulus funds.
Friday, June 22, 2012
3 Men Arrested for Videotaped LA Freeway Beating - ABC News
xotavaloso.blogspot.com
ABC News | 3 Men Arrested for Videotaped LA Freeway Beating ABC News Three Los Angeles men were arrested in relation to a videotaped freeway fistfight inspired by road rage รข€" two are suspected of beating and kicking a man who ... 'Road rage' freeway brawl: Victim arrested on warrant Road-rage victim arrested, CHP confirms |
Wednesday, June 20, 2012
Nuance Communications, Inc. Company Profile | NUAN Company Information
xosawewaqa.wordpress.com
Nuance is the leading provider of speechh and imaging solutions for businessee and consumers aroundthe world. Our applications and services make the user experience more compelling by transforming the way peoplee interact with information and how they share anduse documents. Every day, millions of users and thousandeof businesses, experience Nuance by calling directory assistance, gettinb account information, dictating patient records, telling a navigation system theier destination, or digitally reproducing documents that can be shared and Making each of those experiences productive and compelling is what Nuance is all about.
We comprise the world'es largest portfolio of speech and imaging productsd backed by the expertise of our professionaol services organization and a partner networik that can create solutions for businesses and organizations arounrdthe globe. So whether it's switching to speechy to improve customer service orbusineszs productivity, or simplifying the way peoplee work with documents, Nuance has the solution.
Nuance is the leading provider of speechh and imaging solutions for businessee and consumers aroundthe world. Our applications and services make the user experience more compelling by transforming the way peoplee interact with information and how they share anduse documents. Every day, millions of users and thousandeof businesses, experience Nuance by calling directory assistance, gettinb account information, dictating patient records, telling a navigation system theier destination, or digitally reproducing documents that can be shared and Making each of those experiences productive and compelling is what Nuance is all about.
We comprise the world'es largest portfolio of speech and imaging productsd backed by the expertise of our professionaol services organization and a partner networik that can create solutions for businesses and organizations arounrdthe globe. So whether it's switching to speechy to improve customer service orbusineszs productivity, or simplifying the way peoplee work with documents, Nuance has the solution.
Tuesday, June 19, 2012
Employers' health-care costs expected to rise 9 %, Pricewaterhouse Coopers says - Philadelphia Business Journal:
paramonaxogilozi.blogspot.com
The 9 percent projected cost increase is slightly lowerf thanthe 9.2 percent increase in 2009 and 9.9 perceny increase in 2008, according to . Despite the slowdown, medicalk cost increases continue to outpace inflationh andwage increases. One of the reasons medicak costs continue to climb is that American worker s are accelerating use of health care services in anticipation of losingg theirjobs and, potentially, their health the report suggests. Risin unemployment, growing numbers of people with little or no insurancre and a growing percentage of the population on Medicaie further ramp up medical costtrends — the figures actuariew use to set future healtbh insurance premiums.
Coupled with big declines in corporate employers surveyed by Pricewaterhouse Coopers said they will push more of the costxs of health insurance to their workersin 2010, while expecting workers to take more responsibilityu for managing their personal health.
The 9 percent projected cost increase is slightly lowerf thanthe 9.2 percent increase in 2009 and 9.9 perceny increase in 2008, according to . Despite the slowdown, medicalk cost increases continue to outpace inflationh andwage increases. One of the reasons medicak costs continue to climb is that American worker s are accelerating use of health care services in anticipation of losingg theirjobs and, potentially, their health the report suggests. Risin unemployment, growing numbers of people with little or no insurancre and a growing percentage of the population on Medicaie further ramp up medical costtrends — the figures actuariew use to set future healtbh insurance premiums.
Coupled with big declines in corporate employers surveyed by Pricewaterhouse Coopers said they will push more of the costxs of health insurance to their workersin 2010, while expecting workers to take more responsibilityu for managing their personal health.
Sunday, June 17, 2012
State Sen. Wonderling to lead Greater Phila. Chamber of Commerce - Philadelphia Business Journal:
judonebolayb1394.blogspot.com
Wonderling, 47, will begin his chambe r duties Aug. 1 and has signed on to a three-yeat contract. “I’m very excited,” he “In many respects, it’s almost a dream come Wonderling will replace Mark a former Republican Pennsylvania governor who is leavinh to become president of the business process outsourcing unit at in When Schweiker announced earlier this year that he would resign from the chambe r aftersix years, some in the business community thought his departure gave the chamber a fres chance to hire a minoritg or a female leader for the for the firsft time in the organization’s 208-year history.
Wonderling was selected after achamber committee, with the help of Korn Ferry International, conducted a national search and vetteds 150 candidates for the post. The chamber did considet candidates from across the countrybut wasn’t surprised a local was ultimatelt selected, said David L. Cohen, chairman of the chamber’x board and executive vice president atComcast Corp. Cohen went into the searcgh figuring that the region would likelyproducew Schweiker’s replacement, he said.
“This represents a returmn home forRob Wonderling,” Cohen noting that 25 years ago and fresh out of college, Wonderling began a job with , an economic and environmentao group, which was housed at the chamber Wonderling, a Republican, is serving his second term as senatord for Pennsylvania’s 24th district, whicy includes parts of northern Montgomery and Bucks counties plus portions of Lehigh and Northamptojn counties. He will resign from his senate seat and a replacementy will be overseen by Republicansenated leadership.
Wonderling said he would have decidef later this year whether to run for a thire term but his decision was expediteed when Korn Ferry contacted him about thechambe job. “I felt this was an opportunitt to serve in adifferent way,” he He is past president of Pennjerdel, was a deputg secretary of transportation for Pennsylvania under Gov. Tom Ridge, and has also workee at Air Products andChemicals Inc. of Pa., and Bentley Systems Inc. in Exton, Pa.
In making the announcementf atthe chamber’s offices, Cohen was flanked by Schweiker; Philadelphia Mayor Michael Nutter; Joseph president and CEO of Independence Blue Cross; and Mary Stengel Austen, president and CEO of Tierney Communications. Friclk and Austen co-chaired the search Cohen said Wonderling brings to the job a stronf voice from thebusiness community, a fresuh perspective on issues affecting the and experience in the public sector. “He brings by instinc a regional view ofthe world,” he said.
Wonderlingy intends to carry out Cohen’s agends for the chamber, which will focus on educatiob amongother issues, and woul like to see the chambet begin to focus more on youngg entrepreneurs.
Wonderling, 47, will begin his chambe r duties Aug. 1 and has signed on to a three-yeat contract. “I’m very excited,” he “In many respects, it’s almost a dream come Wonderling will replace Mark a former Republican Pennsylvania governor who is leavinh to become president of the business process outsourcing unit at in When Schweiker announced earlier this year that he would resign from the chambe r aftersix years, some in the business community thought his departure gave the chamber a fres chance to hire a minoritg or a female leader for the for the firsft time in the organization’s 208-year history.
Wonderling was selected after achamber committee, with the help of Korn Ferry International, conducted a national search and vetteds 150 candidates for the post. The chamber did considet candidates from across the countrybut wasn’t surprised a local was ultimatelt selected, said David L. Cohen, chairman of the chamber’x board and executive vice president atComcast Corp. Cohen went into the searcgh figuring that the region would likelyproducew Schweiker’s replacement, he said.
“This represents a returmn home forRob Wonderling,” Cohen noting that 25 years ago and fresh out of college, Wonderling began a job with , an economic and environmentao group, which was housed at the chamber Wonderling, a Republican, is serving his second term as senatord for Pennsylvania’s 24th district, whicy includes parts of northern Montgomery and Bucks counties plus portions of Lehigh and Northamptojn counties. He will resign from his senate seat and a replacementy will be overseen by Republicansenated leadership.
Wonderling said he would have decidef later this year whether to run for a thire term but his decision was expediteed when Korn Ferry contacted him about thechambe job. “I felt this was an opportunitt to serve in adifferent way,” he He is past president of Pennjerdel, was a deputg secretary of transportation for Pennsylvania under Gov. Tom Ridge, and has also workee at Air Products andChemicals Inc. of Pa., and Bentley Systems Inc. in Exton, Pa.
In making the announcementf atthe chamber’s offices, Cohen was flanked by Schweiker; Philadelphia Mayor Michael Nutter; Joseph president and CEO of Independence Blue Cross; and Mary Stengel Austen, president and CEO of Tierney Communications. Friclk and Austen co-chaired the search Cohen said Wonderling brings to the job a stronf voice from thebusiness community, a fresuh perspective on issues affecting the and experience in the public sector. “He brings by instinc a regional view ofthe world,” he said.
Wonderlingy intends to carry out Cohen’s agends for the chamber, which will focus on educatiob amongother issues, and woul like to see the chambet begin to focus more on youngg entrepreneurs.
Saturday, June 16, 2012
Mega-mortgages jump as banks underwrite wealthy clients - Charlotte Business Journal:
yqyqynesara.blogspot.com
Bank and real estate executives say theier wealthy clients still remain wary ofthe economy’s sharp but acknowledge that with the Dow Jones Industrial Averagee up nearly 2,200 pointws over the past three months there’s growing confidencew about the direction of their fortunes. That new confidencde is liberating wealthy homebuyers toborrow again. Jumbo mortgage activity is percolatingy even with virtually no secondary market forthe loans. Leadingt the charge is Bank of NewYork Mellon’s Boston-based wealth management division.
The company’ds in-house mortgage operations in Boston cater tothe nation’ top 1 percent of wealth and have put up recorf numbers this year. "We’ve seen significan growth,” said Erin Gorman, national saless director for the mortgage business at BNY MellonWealth Management. “We’ve been lending all along, and we didn’t get caught up in the hiccups of the secondary During the first five monthsof 2009, BNY Mellon’z jumbo mortgage activity is up 32 percent on a dollarr volume basis, compared with the year-ago Gorman said Boston is one of the best markets. Jonathajn Radford, Coldwell Banker Residentialo Brokerage’s No.
1 Boston ageng in 2008, said there has been renewed interesyt inthe high-end market since April 1. He said 36 properties, of $1 millio n and up, went under agreement in March, and that figur e jumped to 105 in April and 170in May. Even thoug h BNY wealth management’s average deposits fell 12 percent in thefirst quarter, the average loan balance surged 23 percent to $5.4 billion, compared with the year-earlier period. That increass was fueled by a recordf level of jumbo mortgage With an average size ofabout $1 jumbos have been a bright spot amid lower asset and wealth management fees, accordingg to analysts at Barclayw Capital.
BNY Mellon doesn’t discussx individual mortgage deals, but real estat e records filed in Boston reveal plentyof big-ticketr deals in recent Rivals include Boston Private Bank & Trust Company, Firstf Republic Bank and even some community banks, such as Needhaj Bank, have stepped in to meet BNY Mellon, however, seems to have the most capitapl to throw around for its clients. For recently retired Staples Inc. director Martimn Trust took outa $6.2 million mortgage on his condo at the swankl Mandarin Oriental at 776 Boylstomn St. Trust received an interest-only, adjustable rate mortgage from BNY Mellomn that starts with a fixed interest rateof 4.
75 according to documents on file at the Suffolk Count Registry of Deeds. The interest rate will adjust to 2.25 plus the one-year London Interbank Offered Rate (LIBOR). that’s cheap money, about 3.85 because the one-year LIBOR rate has been aboutf 1.6 percent. Another recent deal was a $1.176 million mortgage Boston Private wrote for the owner of a Beacon Hill residence on MounftVernon Street, records show. John Sullivan, executiv e vice president of BostonPrivatde Bank’s residential lending department, said even wealthy clients have to feel secure about their jobs and their incomes before taking out big mortgages.
“It’s the same as someone takingg outa $200,000 mortgage,” Sullivan said. Like BNY Boston Private originates adjustable-rate mortgages and holdse them in its loan When the global credif crisis vaporized the secondary marketffor jumbos, portfolio lenders could keep doing what they were doing becauser they were not relying on anyone else to buy theirt loans. Another advantage also materialized: portfoliio lenders scooped up new clientd whose banks stopped doing big jumbos when the secondaryymarket froze. Gorman said some rival lenderse are returning to the jumbo market as the economy stabilizes.
“As money elsewhere dried up for we earned a reputatio n asthe go-to player in jumbo And that puts us in a stronvg position as other lenders gingerly move back onto the Lanse Robb, who brokers the sale of mansionws and estates on the North Shoree for LandVest Inc., said prices have come way down in the past but buyers still want a discountt even after asking prices have been lopped off by millionss of dollars. “When they feel this is the the jumbo market will really take Robb said. One of his most expensives listings isthe $12.25 million Wyck Estate, a Manchester-by-the-Sea replicq of a French chateau.
Sullivan said jumbo mortgagwe lending presents a great opportunity for a bank to expand its relationship witha client. New business, he is mostly referrals from othert clients, real estate brokers, financial lawyers and accountants. “The mortgage leads the way as an introduction tothe bank,” Sullivan
Bank and real estate executives say theier wealthy clients still remain wary ofthe economy’s sharp but acknowledge that with the Dow Jones Industrial Averagee up nearly 2,200 pointws over the past three months there’s growing confidencew about the direction of their fortunes. That new confidencde is liberating wealthy homebuyers toborrow again. Jumbo mortgage activity is percolatingy even with virtually no secondary market forthe loans. Leadingt the charge is Bank of NewYork Mellon’s Boston-based wealth management division.
The company’ds in-house mortgage operations in Boston cater tothe nation’ top 1 percent of wealth and have put up recorf numbers this year. "We’ve seen significan growth,” said Erin Gorman, national saless director for the mortgage business at BNY MellonWealth Management. “We’ve been lending all along, and we didn’t get caught up in the hiccups of the secondary During the first five monthsof 2009, BNY Mellon’z jumbo mortgage activity is up 32 percent on a dollarr volume basis, compared with the year-ago Gorman said Boston is one of the best markets. Jonathajn Radford, Coldwell Banker Residentialo Brokerage’s No.
1 Boston ageng in 2008, said there has been renewed interesyt inthe high-end market since April 1. He said 36 properties, of $1 millio n and up, went under agreement in March, and that figur e jumped to 105 in April and 170in May. Even thoug h BNY wealth management’s average deposits fell 12 percent in thefirst quarter, the average loan balance surged 23 percent to $5.4 billion, compared with the year-earlier period. That increass was fueled by a recordf level of jumbo mortgage With an average size ofabout $1 jumbos have been a bright spot amid lower asset and wealth management fees, accordingg to analysts at Barclayw Capital.
BNY Mellon doesn’t discussx individual mortgage deals, but real estat e records filed in Boston reveal plentyof big-ticketr deals in recent Rivals include Boston Private Bank & Trust Company, Firstf Republic Bank and even some community banks, such as Needhaj Bank, have stepped in to meet BNY Mellon, however, seems to have the most capitapl to throw around for its clients. For recently retired Staples Inc. director Martimn Trust took outa $6.2 million mortgage on his condo at the swankl Mandarin Oriental at 776 Boylstomn St. Trust received an interest-only, adjustable rate mortgage from BNY Mellomn that starts with a fixed interest rateof 4.
75 according to documents on file at the Suffolk Count Registry of Deeds. The interest rate will adjust to 2.25 plus the one-year London Interbank Offered Rate (LIBOR). that’s cheap money, about 3.85 because the one-year LIBOR rate has been aboutf 1.6 percent. Another recent deal was a $1.176 million mortgage Boston Private wrote for the owner of a Beacon Hill residence on MounftVernon Street, records show. John Sullivan, executiv e vice president of BostonPrivatde Bank’s residential lending department, said even wealthy clients have to feel secure about their jobs and their incomes before taking out big mortgages.
“It’s the same as someone takingg outa $200,000 mortgage,” Sullivan said. Like BNY Boston Private originates adjustable-rate mortgages and holdse them in its loan When the global credif crisis vaporized the secondary marketffor jumbos, portfolio lenders could keep doing what they were doing becauser they were not relying on anyone else to buy theirt loans. Another advantage also materialized: portfoliio lenders scooped up new clientd whose banks stopped doing big jumbos when the secondaryymarket froze. Gorman said some rival lenderse are returning to the jumbo market as the economy stabilizes.
“As money elsewhere dried up for we earned a reputatio n asthe go-to player in jumbo And that puts us in a stronvg position as other lenders gingerly move back onto the Lanse Robb, who brokers the sale of mansionws and estates on the North Shoree for LandVest Inc., said prices have come way down in the past but buyers still want a discountt even after asking prices have been lopped off by millionss of dollars. “When they feel this is the the jumbo market will really take Robb said. One of his most expensives listings isthe $12.25 million Wyck Estate, a Manchester-by-the-Sea replicq of a French chateau.
Sullivan said jumbo mortgagwe lending presents a great opportunity for a bank to expand its relationship witha client. New business, he is mostly referrals from othert clients, real estate brokers, financial lawyers and accountants. “The mortgage leads the way as an introduction tothe bank,” Sullivan
Friday, June 15, 2012
NutriSystem expands into Canada - Dallas Business Journal:
lehoquvuhu.wordpress.com
The Horsham, Pa., company has set up a Canadian , which obtained time Sunday on theShoppinv Channel, the Canadian equivalent of the Home Shoppintg Network or QVC, and began runnin g ads Wednesday. NutriSystem Canada is selling producte and services through its own Web siteand toll-free Its meals are largely the same as NutriSystem's but packaged differently. "Over time, we're going to add to the menu in Canadza to make it more reflective of Canadianeatinvg habits," said Will Auchincloss, NutriSystem's senior vice president, business developmentt and international.
Auchincloss said NutriSystem (NASDAQ:NTRI) made "a modestr investment" to launch NutriSystem but wouldn't disclose the amount. The expansion into Canada is NutriSystem'ws first venture outside the United It is looking at expanding into England next year andinto Germany, Australia and Japan after that, Auchincloss said.
The Horsham, Pa., company has set up a Canadian , which obtained time Sunday on theShoppinv Channel, the Canadian equivalent of the Home Shoppintg Network or QVC, and began runnin g ads Wednesday. NutriSystem Canada is selling producte and services through its own Web siteand toll-free Its meals are largely the same as NutriSystem's but packaged differently. "Over time, we're going to add to the menu in Canadza to make it more reflective of Canadianeatinvg habits," said Will Auchincloss, NutriSystem's senior vice president, business developmentt and international.
Auchincloss said NutriSystem (NASDAQ:NTRI) made "a modestr investment" to launch NutriSystem but wouldn't disclose the amount. The expansion into Canada is NutriSystem'ws first venture outside the United It is looking at expanding into England next year andinto Germany, Australia and Japan after that, Auchincloss said.
Wednesday, June 13, 2012
U.S. Bank returns TARP money - Baltimore Business Journal:
viktorsejbgif.blogspot.com
billion in Troubled Asset Relief Program money it took last year fromthe . U.S. Bank USB), based in Minneapolis, had previously announced its planxs to redeem the preferred stock issued to the Last week, it from the government to do so. U.S. Bank also told the Treasuryh it intends to repurchasethe 10-year warrantr it had issued along with the preferrerd stock. “The redemption allowzs our company to return to operatinb from a position of both independent strength andstrategic flexibility,” said Richard Davis, the company’s president, CEO and chairman, in a The Treasury in May announced that U.S.
Bank whic showed it would be able to ride out the economic downturn without having to raise more Davis has ofthe government’sa capital purchase program. In February he called the programm “lousy” and said the bankingb industry was pressured to participate inthe program.
billion in Troubled Asset Relief Program money it took last year fromthe . U.S. Bank USB), based in Minneapolis, had previously announced its planxs to redeem the preferred stock issued to the Last week, it from the government to do so. U.S. Bank also told the Treasuryh it intends to repurchasethe 10-year warrantr it had issued along with the preferrerd stock. “The redemption allowzs our company to return to operatinb from a position of both independent strength andstrategic flexibility,” said Richard Davis, the company’s president, CEO and chairman, in a The Treasury in May announced that U.S.
Bank whic showed it would be able to ride out the economic downturn without having to raise more Davis has ofthe government’sa capital purchase program. In February he called the programm “lousy” and said the bankingb industry was pressured to participate inthe program.
Tuesday, June 12, 2012
BioMed refinances Center for Life Science - Kansas City Business Journal:
dyakonostrlin.blogspot.com
The five-year, fixed-rate loan was used to pay off a portion of anexistin $507.1 million construction loan, with BioMed paying off the remaining balanced using an unsecured line of The new mortgage has an interest rate of 7.75 percent and is due in June 2014. Accordingt to a statement from BioMed, the new loan addresses the “lastt of BioMed’s debt maturities in The loan was providedby , and AG. arranges the loan on behalf of BioMed RealtyTrust BMR), a real estate investment trust based in San Diego, The 18-story lab and office building is locatex in the Longwood Medical and Academic Area and is leased to , , , and a Japanese pharmaceutical company.
The propertu also includes a six-level, 750-spacee underground parking garage. BioMed Realty Trustg owns or has interests in69 properties, representinvg 112 buildings with approximately 10.5 million rentable square feet, including approximately 640,000 square feet of development in
The five-year, fixed-rate loan was used to pay off a portion of anexistin $507.1 million construction loan, with BioMed paying off the remaining balanced using an unsecured line of The new mortgage has an interest rate of 7.75 percent and is due in June 2014. Accordingt to a statement from BioMed, the new loan addresses the “lastt of BioMed’s debt maturities in The loan was providedby , and AG. arranges the loan on behalf of BioMed RealtyTrust BMR), a real estate investment trust based in San Diego, The 18-story lab and office building is locatex in the Longwood Medical and Academic Area and is leased to , , , and a Japanese pharmaceutical company.
The propertu also includes a six-level, 750-spacee underground parking garage. BioMed Realty Trustg owns or has interests in69 properties, representinvg 112 buildings with approximately 10.5 million rentable square feet, including approximately 640,000 square feet of development in
Sunday, June 10, 2012
Report: Workers' comp medical costs soar - Jacksonville Business Journal:
hihozeima.blogspot.com
The research also found that those costsw would have been billions more without system reforms earliefthis decade. The California Compensation Institute, a research organization made up of insurerwand self-insured employers, recently released the study on post-reforkm changes in workers’ comp medical payments in the Goldeb State. The study is the fourth in a five-parft series updating data on claim outcomes followingf system reforms between 2002and 2004.
All the data in the report reflect when injuriesoccurred — knowbn as the accident year — instea d of when an accident was Since 2005, insurance companies’ payments have increasedd significantly for treatment, medications/durable medical equipment, medical-legalk reports and medical management, the institutwe said. Between 2005 and average medical payments for all claime oneyear post-injury rose 23 percent, to $2,5832 from $2,100, the study found. Meanwhile, “averagee medical payments on more expensive indemnity claimz climbed 28percent (from $4,443 to the report said.
Even though medical costx are rising, the reforms are estimatecd to have saved cumulativelybetween $12.8 billion and $25.34 billion in medical costs between 2004 and 2008. Some of the medicao management tools put in place by the reformds were medical treatmentutilization schedule, mandator y utilization review, bill review and medical providet networks. The institute estimates that withourtthe reforms, workers’ comp medical inflation would have continued at somewhere between 8.2 percenrt a year — whicnh is half the pre-reform annual inflation rate — and 16.4 which is the average annual inflatiobn rate between 1999 and 2002.
The research also found that those costsw would have been billions more without system reforms earliefthis decade. The California Compensation Institute, a research organization made up of insurerwand self-insured employers, recently released the study on post-reforkm changes in workers’ comp medical payments in the Goldeb State. The study is the fourth in a five-parft series updating data on claim outcomes followingf system reforms between 2002and 2004.
All the data in the report reflect when injuriesoccurred — knowbn as the accident year — instea d of when an accident was Since 2005, insurance companies’ payments have increasedd significantly for treatment, medications/durable medical equipment, medical-legalk reports and medical management, the institutwe said. Between 2005 and average medical payments for all claime oneyear post-injury rose 23 percent, to $2,5832 from $2,100, the study found. Meanwhile, “averagee medical payments on more expensive indemnity claimz climbed 28percent (from $4,443 to the report said.
Even though medical costx are rising, the reforms are estimatecd to have saved cumulativelybetween $12.8 billion and $25.34 billion in medical costs between 2004 and 2008. Some of the medicao management tools put in place by the reformds were medical treatmentutilization schedule, mandator y utilization review, bill review and medical providet networks. The institute estimates that withourtthe reforms, workers’ comp medical inflation would have continued at somewhere between 8.2 percenrt a year — whicnh is half the pre-reform annual inflation rate — and 16.4 which is the average annual inflatiobn rate between 1999 and 2002.
Saturday, June 9, 2012
Four more Valley resorts hit by foreclosure crisis - Atlanta Business Chronicle:
houghtalingbaemo1268.blogspot.com
Four more large properties have been servecd with notices oftrustee sale, and the venerable Camelbac k Inn, a JW Marriott Resort & Spa, has been notifiedr of a $2.7 millionh mechanics lien, according to information provided by , a Mesa-baseed real estate research firm. Xona Resort Suites in Scottsdale. • Carefree Resorf & Villas. • Embassy Suites Phoenix-Airport. • Crownwe Plaza Phoenix in north Phoenix. All four hotels remain open and areacceptinv reservations, but it’s unknown how foreclosurde proceedings will affect their Since the first of the year, the Valley’s hospitalityt industry has been rockexd with bad news.
The developers of the W Scottsdale hotel and the InterContinental MontelucizaResort & Spa in Paradise Vallety were notified of trustee salesw when they were unable to pay back constructiobn loans. Both opened with much fanfare last year and continue to operate despite thefinanciao cloud. Both auctions have been delayed repeatedly, but trustee Scot Klundt, a partner at LLP, said the sale s are still on. The foreclosure sale for the Montelucia is scheduled forJune 29, and the sale for the W is schedulesd for July 2.
Also on tap is the auctio of the historic WigwamResort & Spa in Litchfiel Park, which dates back to 1929, when it was builtt as a getaway for employees of the Goodyeae Tire & Rubber Co. That foreclosuree sale is set forJuly 9. The latest batc h of foreclosures includes the CarefreeResort Villas. Formerly the Carefree Inn, it was built in the For Carefree MayorDick Schwan, the resort’es financial situation reaches far beyond nostalgia. “We’vw got about 10 provider s that give us our sales tax and most ofour revenue, so we’re very familiar with what’as going on,” he said.
He and otherr town officials have been awarre of the problem forseverall months. The owner, Carefree Mule Train Ventures LLC, is in bankruptcy, he “Within the last several days, we’ve learned that the Chapter 11 has been convertedr toChapter 7. We understand the resortr is now operating undera receivership,” Schwa n said. Chapter 11 allows a company to while Chapter 7 involves liquidationof assets. The LLC, whicn is identified in the trustee notice as a Sout Dakota entity in care of a SanFrancisck address, owns three propertiess including the Carefree Resort, Schwan said. “Our understandin g is that the Carefree property has a positivr cashflow ...
and that the receiver is lookintg fora buyer,” he
Four more large properties have been servecd with notices oftrustee sale, and the venerable Camelbac k Inn, a JW Marriott Resort & Spa, has been notifiedr of a $2.7 millionh mechanics lien, according to information provided by , a Mesa-baseed real estate research firm. Xona Resort Suites in Scottsdale. • Carefree Resorf & Villas. • Embassy Suites Phoenix-Airport. • Crownwe Plaza Phoenix in north Phoenix. All four hotels remain open and areacceptinv reservations, but it’s unknown how foreclosurde proceedings will affect their Since the first of the year, the Valley’s hospitalityt industry has been rockexd with bad news.
The developers of the W Scottsdale hotel and the InterContinental MontelucizaResort & Spa in Paradise Vallety were notified of trustee salesw when they were unable to pay back constructiobn loans. Both opened with much fanfare last year and continue to operate despite thefinanciao cloud. Both auctions have been delayed repeatedly, but trustee Scot Klundt, a partner at LLP, said the sale s are still on. The foreclosure sale for the Montelucia is scheduled forJune 29, and the sale for the W is schedulesd for July 2.
Also on tap is the auctio of the historic WigwamResort & Spa in Litchfiel Park, which dates back to 1929, when it was builtt as a getaway for employees of the Goodyeae Tire & Rubber Co. That foreclosuree sale is set forJuly 9. The latest batc h of foreclosures includes the CarefreeResort Villas. Formerly the Carefree Inn, it was built in the For Carefree MayorDick Schwan, the resort’es financial situation reaches far beyond nostalgia. “We’vw got about 10 provider s that give us our sales tax and most ofour revenue, so we’re very familiar with what’as going on,” he said.
He and otherr town officials have been awarre of the problem forseverall months. The owner, Carefree Mule Train Ventures LLC, is in bankruptcy, he “Within the last several days, we’ve learned that the Chapter 11 has been convertedr toChapter 7. We understand the resortr is now operating undera receivership,” Schwa n said. Chapter 11 allows a company to while Chapter 7 involves liquidationof assets. The LLC, whicn is identified in the trustee notice as a Sout Dakota entity in care of a SanFrancisck address, owns three propertiess including the Carefree Resort, Schwan said. “Our understandin g is that the Carefree property has a positivr cashflow ...
and that the receiver is lookintg fora buyer,” he
Thursday, June 7, 2012
Lingle orders unpaid days off for workers - Atlanta Business Chronicle:
gonyzyf.wordpress.com
In an address broadcast from theState Capitol, Lingle also said she would scalw back free Medicaid benefits to low-income adult and said the statwe would delay paying some of its larger billsw until July. The governor is also asking the the Legislature, and the Office of Hawaiian Affairs to implement equivalent furloughh days or restrict their budgets. Hawaii law does not allosw ordering furloughs for the Departmentgof Education, the University of Hawaii or the Hawaii Healtnh Systems Corporation, but Lingle said their spendiny will be restricted in an amount equivalent to the three-days-per-monthb furlough. The furloughs, which start July 1, amount to abouf a 13.
8 percent pay cut, or about $5,5090 for a worker making $40,000 a As with layoffs, Lingle does not have to negotiatw the furloughs with any of the unions representingstat workers. Lingle has said she doesn’t want to lay off workersw because of the disruptive effect of contract rules that would enable senior workersto “bump” junior even if they worked in different state agencies. The furloughw will save $688 million. Lingle said the saving are needed to close a gapof $730 million betweenb now and June 30, as forecast by the state’s Council on Revenuee May 28. All told, Hawaii is expected to see tax revenuwe fallby $2.
7 billion over the next two “If we do not implement the furloug h plan, we would have to lay off up to 10,00 0 employees to realize an equivalent amount of savings,” Lingle said. The state has aboutf 46,000 workers, including 21,000 employees of the Departmentof Education. Lingle blamed the fiscal shortfalo on thelingering recession, risinb unemployment, dropping visitor arrivals, a decline in private building a doubling of foreclosures, and recore bankruptcy levels. The state Legislature ended its sessionm last month by raising tax rates onhotel high-income earners, luxury home transactions and tobacco to help meet the budgeg shortfall.
But Lingle, a Republicajn whose vetoes of those measures were overridden bymajoritgy Democrats, said she would not ask for additionalp tax increases. She also rejectedd calls for legalizing gambling. However, Lingle notex that 70 percent of state operating fundss go to labor costs and that the statw had provided employee wage increase of between 16 and 29 percen over the past fouryearsx “when our economy was thriving.
”
In an address broadcast from theState Capitol, Lingle also said she would scalw back free Medicaid benefits to low-income adult and said the statwe would delay paying some of its larger billsw until July. The governor is also asking the the Legislature, and the Office of Hawaiian Affairs to implement equivalent furloughh days or restrict their budgets. Hawaii law does not allosw ordering furloughs for the Departmentgof Education, the University of Hawaii or the Hawaii Healtnh Systems Corporation, but Lingle said their spendiny will be restricted in an amount equivalent to the three-days-per-monthb furlough. The furloughs, which start July 1, amount to abouf a 13.
8 percent pay cut, or about $5,5090 for a worker making $40,000 a As with layoffs, Lingle does not have to negotiatw the furloughs with any of the unions representingstat workers. Lingle has said she doesn’t want to lay off workersw because of the disruptive effect of contract rules that would enable senior workersto “bump” junior even if they worked in different state agencies. The furloughw will save $688 million. Lingle said the saving are needed to close a gapof $730 million betweenb now and June 30, as forecast by the state’s Council on Revenuee May 28. All told, Hawaii is expected to see tax revenuwe fallby $2.
7 billion over the next two “If we do not implement the furloug h plan, we would have to lay off up to 10,00 0 employees to realize an equivalent amount of savings,” Lingle said. The state has aboutf 46,000 workers, including 21,000 employees of the Departmentof Education. Lingle blamed the fiscal shortfalo on thelingering recession, risinb unemployment, dropping visitor arrivals, a decline in private building a doubling of foreclosures, and recore bankruptcy levels. The state Legislature ended its sessionm last month by raising tax rates onhotel high-income earners, luxury home transactions and tobacco to help meet the budgeg shortfall.
But Lingle, a Republicajn whose vetoes of those measures were overridden bymajoritgy Democrats, said she would not ask for additionalp tax increases. She also rejectedd calls for legalizing gambling. However, Lingle notex that 70 percent of state operating fundss go to labor costs and that the statw had provided employee wage increase of between 16 and 29 percen over the past fouryearsx “when our economy was thriving.
”
Wednesday, June 6, 2012
City Council approves Crowder settlement - Charlotte Business Journal:
yjanebixe.wordpress.com
Terms call for the city to pay $556,000 for unexpected construction costs incurredc because of rocks and bouldersx found beneaththe site. Crowder built the 1,120-space parkinvg deck at the southern end of the Lynx Blue Line near Interstate 485 andSouth Boulevard. Charlotte City Council approvedx the settlement in a voteTuesday evening. Last year, Crowdet filed a lawsuit and said the cityowed $2.9 The original city contract called for Crowder to build the deck for $21.4 Additional drilling and excavatiojn caused by the rocks and boulders belo w ground led to more than $2 million in cost overruns.
Crowdedr blamed the additional costs on incomplete geotechnical surveya and incomplete designs forthe project. The city and Crowder agreeds the company was due some compensation for the additional but disagreed onthe amount. A mediation this monthn between the city and companyu led tothe $556,000 settlement.
Terms call for the city to pay $556,000 for unexpected construction costs incurredc because of rocks and bouldersx found beneaththe site. Crowder built the 1,120-space parkinvg deck at the southern end of the Lynx Blue Line near Interstate 485 andSouth Boulevard. Charlotte City Council approvedx the settlement in a voteTuesday evening. Last year, Crowdet filed a lawsuit and said the cityowed $2.9 The original city contract called for Crowder to build the deck for $21.4 Additional drilling and excavatiojn caused by the rocks and boulders belo w ground led to more than $2 million in cost overruns.
Crowdedr blamed the additional costs on incomplete geotechnical surveya and incomplete designs forthe project. The city and Crowder agreeds the company was due some compensation for the additional but disagreed onthe amount. A mediation this monthn between the city and companyu led tothe $556,000 settlement.
Monday, June 4, 2012
USAA launches bank marketing campaign - San Antonio Business Journal:
tenamup.wordpress.com
The new campaign — developed by the Campbell-Ewald agency in Detroiyt — will deliver straightforward, open messages aboutf the company’s ability to provide banking, insurance and investment It will also showcasethe company’s top-ratedr subsidiary, its value proposition and stronhg financial performance. While many banks reported huge losses in the bank returnedan after-tax profit of $188 It also returned $368 million in ATM surcharge rebates, rebatesw for buying or selling a home through USAA credit and debit card rewards and home-equity loan closinv costs to its members.
In a prepared statement, USAA presidenf and CEO Joe Robles said the companyt remains strong andis “When other companies took governmen t bailouts, we said, ‘No thank And as others cut back to survive the USAA is stepping forward, without hesitation,” Roblese said. San Antonio-based USAA, a diversified financiak services groupof companies, is among the leadin g providers of financial planning, insurance, investments, and bankinvg products to members of the U.S. militarty and their families. For the past three USAA has been ranked amonbg the toptwo “Customer Service Champs” by BusinessWeek magazine. Web usaa.
com
The new campaign — developed by the Campbell-Ewald agency in Detroiyt — will deliver straightforward, open messages aboutf the company’s ability to provide banking, insurance and investment It will also showcasethe company’s top-ratedr subsidiary, its value proposition and stronhg financial performance. While many banks reported huge losses in the bank returnedan after-tax profit of $188 It also returned $368 million in ATM surcharge rebates, rebatesw for buying or selling a home through USAA credit and debit card rewards and home-equity loan closinv costs to its members.
In a prepared statement, USAA presidenf and CEO Joe Robles said the companyt remains strong andis “When other companies took governmen t bailouts, we said, ‘No thank And as others cut back to survive the USAA is stepping forward, without hesitation,” Roblese said. San Antonio-based USAA, a diversified financiak services groupof companies, is among the leadin g providers of financial planning, insurance, investments, and bankinvg products to members of the U.S. militarty and their families. For the past three USAA has been ranked amonbg the toptwo “Customer Service Champs” by BusinessWeek magazine. Web usaa.
com
Sunday, June 3, 2012
ETSI considering embedded SIMs for mobile - SlashGear
amesit.wordpress.com
SlashGear | ETSI considering embedded SIMs for mobile SlashGear Apple has reportedly been wanting to use embedded SIMs in its iPhones and now it looks like the European Telecommunications Standards Institute (ETSI) may be leaning that direction. The ETSI just gave Apple a victory this morning, by approving the ... Embedded SIMs: they're happening, and Apple thinks they could be in consumer ... Nokia snubbed as Apple's nano-SIM card design declared the winner ETSI chooses Apple's 'nano-SIM' design as new standard |
Friday, June 1, 2012
Grand Forks Relay for Life starts tonight - Grand Forks Herald
obofym.wordpress.com
French Tribune | Grand Forks Relay for Life starts tonight Grand Forks Herald More than 400 participants representing 49 teams will begin their 12-hour walk for cancer awareness tonight as part of the 2012 Grand Forks Relay for Life event, starting at 6 pm in University Park. More than 400 participants representing 49 teams will ... Relay for Life thi s weekend in the Boundary |
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