sábado, 10 de noviembre de 2012

Morgan Lewis ditches associates

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Instead the firm said it will look at the entir e contribution tothe firm, including “level of efficiency and value in serving clients, results achieved, contribution to our culture, participation in our and other factors.” The firm said it stilol expects “sufficiently engaged” associates will reach the 2,000-billabl e hour threshold and it will have substantialp weight in awarding bonuses. The firm declineed to comment about the reasonzs forthe change.
Duane Morriss has changed the name of its trust subsidiaryfrom , to The subsidiary’s president, David Glickman, said the firm wantecd to stress service so it was inspired to pick the world’ds highest peak as its name. Duane Morrid formed the unit in 2007. a former managing director of in Wilmington joinedd inAugust … Beglegy Carlin & Mandio of Langhorne will be acquiring the law firm run by Statew Rep. Scott Petri (R-Bucks), who will join the 18-lawyer firm as of also includesan associate. Petri will focus on litigationb and realestat … Former partner Louiws Sinatra joined Offit Kurman as a partner. The rest of Pelinoi joined Jan.
1… Eric Spevak, the 2008 president of the Camden CountytBar Association, has taken his name off the door at Haddonfielf family law firm , which changeed its name to Adinolfi & Spevak will remain as senioe counsel.

viernes, 9 de noviembre de 2012

AEP buying solar energy from Ohio facility - The Business Journal of the Greater Triad Area:

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The Columbus-based utility on Mondayy said its AEP Ohio subsidiary signedxa 20-year agreement with , a subsidiaryu of Boulder, Colo.-based developer . The company planx to begin building a 10 megawattt solar facility in Wyandot Countyu in November that could be up and runninhg a yearfrom now. Financial terms of the deal weren’tt disclosed, but AEP said the deal includes allthe facility’s energy outpu and renewable energy credits tied to the plant, to be locatesd near an AEP substation. Renewablre energy credits are sold separate from powere facilities generate and are used to verify compliancd with new alternative energy standard s implemented through an electriclaw Gov.
Ted Stricklansd signed last year, according to information from the Office of theOhio Counsel. AEP said the deal marks its first transactiohn for solar energy following previousw deals fornearly 1,8000 megawatts of wind energy. The utility previously has set a goal ofaddin 2,000 megawatts of wind or other renewabler energy by the end of 2011. American Electric (NYSE:AEP) delivers electricity in 11 states, including Ohio. The company last year earned $1.38 billion on $14.
6 billion in

miércoles, 7 de noviembre de 2012

Lane4 completes purchase of three Kansas City-area shopping centers - Kansas City Business Journal:

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million. The Kansas City Business Journap reported that the PrairieVillage Shops, the Corintgh Square shopping center in Prairie Village and the Fairwayh Shops in Fairway were under contract to investore led by Lane4, a Kansas City-bases commercial real estate brokeragde and development firm. Highwoods (NYSE: based in Raleigh, N.C., disclosed the sale prices in aThursday release. The three shoppingy centers have a combined 2009 appraisede value ofabout $64 million, according to figures from the Johnsojn County Appraiser’s Office. The three shopping centers contain 416,000 square feet combined and on average, 94.5 percent leased and 55 years old, Highwoodsz said.
The properties generate a combined annualk cash net operating income ofabout $5.4 million. The new owners plan no “immediatde major changes” to the shopping Jeff Berg, senior vice president and principaklof Lane4, said in a separate release Thursday. “We intend to enhance and upgrade the centers as opportunities arise over time, but these improvements will not changre their basic character,” Lane4 President Owen Buckley said in the “We look forward to takinf good care of them and feel they represent an excelleny opportunity to invest in our community.
” Kansas City developer Jess Clyde Nichols built the grocery-anchored shopping centerz in the mid-1900s, and the JC Nicholx Co. sold them to Highwoods in 1998.

martes, 6 de noviembre de 2012

Simon Property to manage the Galleria - Puget Sound Business Journal (Seattle):

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Indianapolis-based Simon Property Group (NYSE: SPG) said it will take over managemenf duties fromon Aug. 1. The real estate investment which owns and develops retailreal estate, said Wednesda y it will be assuming all management and marketing duties for the Galleriaz Dallas. "We are pleased to take on the property managemenr functions ofthese high-quality assets at the request of the institutionapl owner," said Rick Sokolov, Simon's president and chiefr operating officer. The Dallas Business Journal announced earlietr in the year that Simonb Property Group had raisedr upto $1 billion in a secondary stockm offering to purchase properties.
At the there was speculation thatSimon Property, whichj owns or has a stake in nearly 400 malls, may be a potential bidder to manage the Galleria Dallas with the mall’ previous manager General Growtnh Properties filing for bankruptcy earlier this year. Simojn Property Group is already involved in shopping centerse such as Grapevine AllenPremium Outlets, Irving Mall and Firewheel Town Centet in Garland.

domingo, 4 de noviembre de 2012

Analysis: Week from hell turns into seven days to remember for Swansea City - WalesOnline

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Analysis: Week from hell turns into seven days to remember for Swansea City

WalesOnline


IT WAS supposed to be the week from hell for Swansea City, instead it turned into seven days to remember.Seven days in which they took on the reigning Premier League champions, League Cup holders and current European champions yet still came out ...



and more »

sábado, 3 de noviembre de 2012

Sloan resigns from BofA board - Houston Business Journal:

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Sloan offered his resignation to new board chairmanh Walter Masseylast week, the bank said in a May 29 regulatoru filing. BofA didn’t disclose Sloan’ss reason for resigning. As the lead independenty director, Sloan has been under intense criticism in recenft months as the bank suffered througn a sharp stock price decline aftefr acquiring MerrillLynch & Co. BofA also has receiver $45 billion of taxpayer aid. , a Houston-basede investment firm that holds 1.1 million BofA was among several groups that waged a proxyt againstthe country’s largest bank holding including calling for Sloan’ws ouster.
Sloan was narrowly re-elected to the bank’s board at the annual meetinbgin April. Meanwhile, shareholdera voted to strip BofA Chief Executive Kenneth Lewis ofthe bank’s and Massey was elected to take over board Lewis remains the bank’s CEO and Sloan, 70, served as a BofA directore for 13 years. During his tenure, Sloan servee as chairman of both the executivde committee and the compensation andbenefits committee. He also was a membee of the corporategovernance committee.
“Temple has been a trustes adviser who has made an invaluable contribution to the successe ofour company,” Lewis said in a “We will miss his counsel and his BofA (NYSE: BAC) is based in N.C.

viernes, 2 de noviembre de 2012

Lawyer sanctioned in bond financing case - New Mexico Business Weekly:

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Fulton Superior Court Judgd Michael D. Johnson, who ruled in May that Woodham had intervenedd improperly in two bondvalidation proceedings, ordered the attorne to pay more than $430,000 to covert the defendants’ court costs. In a case involving an Atlanta-based condominium developer, the judge accused Woodham of “unethicap … and possibly illegal” conduct for offerinv to withdraw his intervention in the lawsuit fora $1.3 million. According to court Woodham responded that he only intended to ask for and that the money was to go to ahomeless shelter, not for his personal use.
Woodham and the ADA have been lockef in a legal dispute spreading over several He has been challenginhg the legalityof lease-purchase bonds approved durinfg the last two yearz by both the ADA and the Developmenft Authority of Fulton County. Both authoritiesx have defended the bonds as legitimate and vitao economicdevelopment tools.