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Both loans should close withinb60 days. Highwoods (NYSE: HIW) says it will use the mone to repay debt and for generalcorporate “We are very pleasef with these loan commitments, which will further fortify our alreadt healthy balance sheet, enhance our liquidity and position Highwoods to take advantager of future growth opportunities,” Ed president and chief executive said in a written statement. Accordinbg to Highwoods, the two loand are: * A $115.0 6.5-year secured loan provided by at a fixed rateof 6.875 It is secured by a pool of 10 assets in Raleigh and Tampa. * A $47.3 million, 7-yearr secured loan arranged by at a fixed rateof 7.5 percent.
It is secured by the officee portion of RBC Plazain Raleigh. Highwoods also announcec that it has paid off a secured loanof $107 which carried a rate of 7.8 percent and was originallty scheduled to mature in November 2009. There were no prepayment penalties.
вторник, 9 октября 2012 г.
понедельник, 8 октября 2012 г.
TotalBank to take Q4 charge after six late
tarpleypymibujuh1491.blogspot.com
The subsidiary of Spain’s filed the foreclosurw actions in South Florida courts on mortgages that were originallyu writtenat $46.4 million – although at least $8.1 milliohn had been paid back prior to the The bank had $34.4 million in noncurrenf loans as of Sept. 30, representing 2.6 perceng of its portfolio, according to data. TotalBank President and CEO Bill Heffernan said some of thosw loans were noncurrent in the third but others will show up on the books in thefourtu quarter, as slow home sales caused theit deterioration. He said the bank has not finalizerd the amount of charges to increase the reserves it would take to account forthosew loans.
Even with the foreclosure suits looming, TotalBanki prefers to work out the situation with borrowers rather than take the Heffernan said. “These are constructionh loans where they were relyinfgon sales,” he said. “It becomes a land loan, but it’sw hard to service it without , which took out a $15 million loan to buildx 72 single-family homes in They were not completed. , whic h is related to the above company and signed a $3.3 million mortgage on a 33-acre agricultural-zoned site in , the holder of an $11.8 millionm mortgage for its uncompletexd 9-acre townhome project in , a developer of a Coral Gables condol with 35 unsold units. It owes $3.6 million on its $5.
5 milliobn mortgage. It’s the third foreclosure lawsuit pending against an affiliatew ofCoconut Grove-based . at the Falls, whicnh sold one of its 12 single-family home s in Kendall and owes $3.7 million on its $5.5 millionn mortgage. , developer of a 5.2-acr site with residential approvals in Royal Palm Itowes $689,495 on a $5.2 million mortgage. BankAtlantifc seeks to foreclose on 163 unsold homes inHome Devco’xs Tivoli Isles community, west of Delray Beach. The Fort Lauderdale-based bank’s mortgage with the developer forthe 315-single-familyh home community grew as large as $76.23 million in 2006.
When BankAtlantixc modified the mortgagein April, Home Devco Tivoli Isles owed $40.7 million. U.S. Century Bank filed two larged foreclosure actions in December against project s that never got out ofthe ground. The Doral-based bank filed for foreclosurs against Millennium BayHarbor – an affiliater of Hallandale Beach-based – over its uncomplete d 25-unit mid-rise condo in Bay Harborf Islands. The developer held a $7.4 million mortgagwe with U.S. Century Bank and a separatee $22 million mortgage with a Spanish which isa co-defendant in the foreclosure The other U.S. Century Bank foreclosure is against over anuncompleted 36-townhome project in Hialeah. In it still owed $4.
6 million on a $7.6 million Palm Beach Gardens-based Harbour Walk Preserve has losta $17.y million foreclosure judgment to Stuart-based , and is set to lose its property at public auction. The 53-acre commercial project, at Wright Boulevardx and U.S. Highway 1 in Stuart, is scheduled for publifc saleon Jan. 27 at 10 a.m. at the Palm Beachg County courthouse.
The subsidiary of Spain’s filed the foreclosurw actions in South Florida courts on mortgages that were originallyu writtenat $46.4 million – although at least $8.1 milliohn had been paid back prior to the The bank had $34.4 million in noncurrenf loans as of Sept. 30, representing 2.6 perceng of its portfolio, according to data. TotalBank President and CEO Bill Heffernan said some of thosw loans were noncurrent in the third but others will show up on the books in thefourtu quarter, as slow home sales caused theit deterioration. He said the bank has not finalizerd the amount of charges to increase the reserves it would take to account forthosew loans.
Even with the foreclosure suits looming, TotalBanki prefers to work out the situation with borrowers rather than take the Heffernan said. “These are constructionh loans where they were relyinfgon sales,” he said. “It becomes a land loan, but it’sw hard to service it without , which took out a $15 million loan to buildx 72 single-family homes in They were not completed. , whic h is related to the above company and signed a $3.3 million mortgage on a 33-acre agricultural-zoned site in , the holder of an $11.8 millionm mortgage for its uncompletexd 9-acre townhome project in , a developer of a Coral Gables condol with 35 unsold units. It owes $3.6 million on its $5.
5 milliobn mortgage. It’s the third foreclosure lawsuit pending against an affiliatew ofCoconut Grove-based . at the Falls, whicnh sold one of its 12 single-family home s in Kendall and owes $3.7 million on its $5.5 millionn mortgage. , developer of a 5.2-acr site with residential approvals in Royal Palm Itowes $689,495 on a $5.2 million mortgage. BankAtlantifc seeks to foreclose on 163 unsold homes inHome Devco’xs Tivoli Isles community, west of Delray Beach. The Fort Lauderdale-based bank’s mortgage with the developer forthe 315-single-familyh home community grew as large as $76.23 million in 2006.
When BankAtlantixc modified the mortgagein April, Home Devco Tivoli Isles owed $40.7 million. U.S. Century Bank filed two larged foreclosure actions in December against project s that never got out ofthe ground. The Doral-based bank filed for foreclosurs against Millennium BayHarbor – an affiliater of Hallandale Beach-based – over its uncomplete d 25-unit mid-rise condo in Bay Harborf Islands. The developer held a $7.4 million mortgagwe with U.S. Century Bank and a separatee $22 million mortgage with a Spanish which isa co-defendant in the foreclosure The other U.S. Century Bank foreclosure is against over anuncompleted 36-townhome project in Hialeah. In it still owed $4.
6 million on a $7.6 million Palm Beach Gardens-based Harbour Walk Preserve has losta $17.y million foreclosure judgment to Stuart-based , and is set to lose its property at public auction. The 53-acre commercial project, at Wright Boulevardx and U.S. Highway 1 in Stuart, is scheduled for publifc saleon Jan. 27 at 10 a.m. at the Palm Beachg County courthouse.
воскресенье, 7 октября 2012 г.
Cause of Mt Lyell disaster questioned - ABC Online
batyushkinuxit.blogspot.com
Cause of Mt Lyell disaster questioned ABC Online The cause of the Mount Lyell mining disaster is under the microscope on the eve of its centenary. Fire broke out in the North Mount Lyell mine in October 1912, killing 42 miners and trapping about a hundred more underground. A Royal Commission ... |
пятница, 5 октября 2012 г.
Big Bird, Jim Lehrer, Romney-Obama debate judgements flood Twitter, Facebook - Newsday
jiqatili.wordpress.com
Newsday | Big Bird, Jim Lehrer, Romney-Obama debate judgements flood Twitter, Facebook Newsday Big Bird, Jim Lehrer, Romney-Obama debate judgements flood Twitter, Facebook. Origin » |
четверг, 4 октября 2012 г.
Economists: Recession to end in third quarter - The Business Journal of Milwaukee:
ofycagvezi.blogspot.com
The committee cited consumer spending stabilizing in the first half of this allowing businesses to reduce costs and as well as reducing layoffes and investmentspending cutbacks. In combinatiomn with the stimulus and an improvemengt in thefinancial markets, it is likelyt the economy will expand in the second half of the Bruce Kasman, committee chairman and chief economisg for New York-based (NYSE: said the economy will return to but not health.
“Growth in the comingt quarters is likely to gathere momentum but will not prove sufficiently robust to undo much of the severde damage done to our labor markets andpublidc finances,” Kasman said in a news For the third quarter, the committee forecasts inflation-adjusted grossd domestic product will return to positivwe growth, picking up to a more than 3 percenr pace by the second half of 2010. Tom economics professor at , said the committee’s forecasts are in line with otherds that economists haveput together.
He said most believ the recession will end either in the third quarter or fourth quarter ofthis year, with a few projectiny it won’t be until the first quarter of 2010. the committee is projecting an end tothe three-year downturhn in the housing market, with housing starts risiny later this year and home valuesa moving up modestly in 2010. “Lower pricees and low mortgage rates have greatly improvedc the affordabilityof homes,” Kasman said. “A recovery in the housingy sector will be an important contributor toeconomicd growth.
” However, credit will remain tight and bank economistd said jobs will continue to be Unemployment is expected to peak at 10 percenrt nationally and remain at or above 9.5 percenft through next year. Budget deficitws are expected to remain wellabovew $1 trillion this year and next The 13-member committee forecasts the 10-year Treasury bond yield will stay in the 3.75 percenf to 4.25 percent range through next year because core inflation is forecast to fall towards 1 However, the committee is concerned about the rising trend in federal debt and the implications for inflatiohn risk beyond 2010.
The committee cited consumer spending stabilizing in the first half of this allowing businesses to reduce costs and as well as reducing layoffes and investmentspending cutbacks. In combinatiomn with the stimulus and an improvemengt in thefinancial markets, it is likelyt the economy will expand in the second half of the Bruce Kasman, committee chairman and chief economisg for New York-based (NYSE: said the economy will return to but not health.
“Growth in the comingt quarters is likely to gathere momentum but will not prove sufficiently robust to undo much of the severde damage done to our labor markets andpublidc finances,” Kasman said in a news For the third quarter, the committee forecasts inflation-adjusted grossd domestic product will return to positivwe growth, picking up to a more than 3 percenr pace by the second half of 2010. Tom economics professor at , said the committee’s forecasts are in line with otherds that economists haveput together.
He said most believ the recession will end either in the third quarter or fourth quarter ofthis year, with a few projectiny it won’t be until the first quarter of 2010. the committee is projecting an end tothe three-year downturhn in the housing market, with housing starts risiny later this year and home valuesa moving up modestly in 2010. “Lower pricees and low mortgage rates have greatly improvedc the affordabilityof homes,” Kasman said. “A recovery in the housingy sector will be an important contributor toeconomicd growth.
” However, credit will remain tight and bank economistd said jobs will continue to be Unemployment is expected to peak at 10 percenrt nationally and remain at or above 9.5 percenft through next year. Budget deficitws are expected to remain wellabovew $1 trillion this year and next The 13-member committee forecasts the 10-year Treasury bond yield will stay in the 3.75 percenf to 4.25 percent range through next year because core inflation is forecast to fall towards 1 However, the committee is concerned about the rising trend in federal debt and the implications for inflatiohn risk beyond 2010.
вторник, 2 октября 2012 г.
Patriots soaring, except for secondary - Boston.com
qalymeled.wordpress.com
Globe and Mail | Patriots soaring, except for secondary Boston.com The running game erupted thanks to equal parts vision and patience from rookie Brandon Bolden, play c » |
понедельник, 1 октября 2012 г.
FTC: No answer to high Buffalo gas prices - South Florida Business Journal:
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The probe was called for by Rep. Brian Higgins, D-Buffalo, and Sen. Charles Schumer afterf retail gas prices at area stationzs last fall ranked among the highesg inthe nation. At the same time, prices in most other U.S. metropolitabn areas were declining faster along with the priceof oil. In a letterr sent May 13 by FTC Chairman Jon Leibowitz to the agency said after a careful andextensivw investigation, regulators could not find any evidence of illegal activityg in gasoline markets in any of the affected cities. The agency monitored priced in Buffalo, Jamestown, Rochester and Burlington, Vt.
“To the staff found evidence suggesting that it is unlikely that illegak conduct caused thoseprice levels, although staff was unablew to identify precise reasons why retailk gas prices in Western New York did not fall as quicklh as prices in otherr Northeast cities,” Leibowitz wrote. What the agench did note was that after Higgins releasedran (OPIS) report on Dec. 4, 2008 citing Jamestown and the Buffalo-Niagarq regions among the top 5most “profitable” for gasoline retailers, the prices for unleaded gas decreasedd from an average of $2.25 to $1.85 by the end of 2009.
In mid-Novembe r of last year, the average price of a gallo of unleaded gas in the Buffalo areawas $2.66 compared to the statewids average of $2.53 and the national averaged of $2.15. New York state has the third-highesty taxes on fuel in the according to thevariousw sources, trailing only California and Connecticut. The investigatiojn said it analyzed prices overa 10-yea period for Buffalo, Rochester, Jamestownb and Burlington, using Albany as a baseline. The FTC did note that pricese in the four cities were significantl y higher than thosein Albany.
From there, FTC staffersw looked at potential supply disruptions but again could not find any marketr conditions to explain theprice differences. the attorney generals from both New York state and Vermont checkefd on potential illegal behavior by gasoline operators but did not find any Investigators also looked to see if therr was the possibility of collusion but saidthat “it woulsd have been very difficult to establish and maintain effectiver collusive agreement to raise retailk prices in Buffalo throughout the fall of last Higgins intends to raise public awarenesz to the issue and has co-sponsored a bill pushingt for passage of price-gouging legislation as well as federal law to stop speculatio in the oil market that may triggerf higher gasoline costs.
“While we might not have proofd of illegal activity or a clear definition of why our pricee wereso high, what is clear is retailers were actinhg in bad faith through some type of implici collusion and retailers and consumers shoulr know that we were watching then and are watchinfg now and will continue to work to make sure this doesn’yt happen again,” said Higgins in responsd to the investigation. As of the AAA daily fuel gaug e report said the average cost per gallon of unleadedf fuel in the Buffalo area was upfrom $2.17 a month ago. Those currengt prices, however, were the same as Albany and 3 cent s belowstatewide average.
The probe was called for by Rep. Brian Higgins, D-Buffalo, and Sen. Charles Schumer afterf retail gas prices at area stationzs last fall ranked among the highesg inthe nation. At the same time, prices in most other U.S. metropolitabn areas were declining faster along with the priceof oil. In a letterr sent May 13 by FTC Chairman Jon Leibowitz to the agency said after a careful andextensivw investigation, regulators could not find any evidence of illegal activityg in gasoline markets in any of the affected cities. The agency monitored priced in Buffalo, Jamestown, Rochester and Burlington, Vt.
“To the staff found evidence suggesting that it is unlikely that illegak conduct caused thoseprice levels, although staff was unablew to identify precise reasons why retailk gas prices in Western New York did not fall as quicklh as prices in otherr Northeast cities,” Leibowitz wrote. What the agench did note was that after Higgins releasedran (OPIS) report on Dec. 4, 2008 citing Jamestown and the Buffalo-Niagarq regions among the top 5most “profitable” for gasoline retailers, the prices for unleaded gas decreasedd from an average of $2.25 to $1.85 by the end of 2009.
In mid-Novembe r of last year, the average price of a gallo of unleaded gas in the Buffalo areawas $2.66 compared to the statewids average of $2.53 and the national averaged of $2.15. New York state has the third-highesty taxes on fuel in the according to thevariousw sources, trailing only California and Connecticut. The investigatiojn said it analyzed prices overa 10-yea period for Buffalo, Rochester, Jamestownb and Burlington, using Albany as a baseline. The FTC did note that pricese in the four cities were significantl y higher than thosein Albany.
From there, FTC staffersw looked at potential supply disruptions but again could not find any marketr conditions to explain theprice differences. the attorney generals from both New York state and Vermont checkefd on potential illegal behavior by gasoline operators but did not find any Investigators also looked to see if therr was the possibility of collusion but saidthat “it woulsd have been very difficult to establish and maintain effectiver collusive agreement to raise retailk prices in Buffalo throughout the fall of last Higgins intends to raise public awarenesz to the issue and has co-sponsored a bill pushingt for passage of price-gouging legislation as well as federal law to stop speculatio in the oil market that may triggerf higher gasoline costs.
“While we might not have proofd of illegal activity or a clear definition of why our pricee wereso high, what is clear is retailers were actinhg in bad faith through some type of implici collusion and retailers and consumers shoulr know that we were watching then and are watchinfg now and will continue to work to make sure this doesn’yt happen again,” said Higgins in responsd to the investigation. As of the AAA daily fuel gaug e report said the average cost per gallon of unleadedf fuel in the Buffalo area was upfrom $2.17 a month ago. Those currengt prices, however, were the same as Albany and 3 cent s belowstatewide average.
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