Monday, March 26, 2012
Dealer plans February opening for Rocklin Mercedes-Benz - Sacramento Business Journal:
The steel is up and the floors are poured forthe building, which, at more than 60,0090 square feet, will house new-car salea and service at Granite Court. Grinzewitsch anticipatew the dealership, which fronts Interstate 80, will open by At $17.5 million for the buildingf andanother $2 million for equipmenf and furniture, the project is ’s most expensive. The cost of the project increase d byabout $1.5 milliob when workers “ran into rock” preparing for a retaining But, Grinzewitsch acknowledged, it is Rocklin. Von Housenn has offered service at the site since 1998 andadder used-car sales this year.
The new building will display 20 to 25 cars on the firsrt floor and four cars on the second Grinzewitsch said. For customers needing a bite, the dealershil will have a bistro. It also will add 38 serviced bays to the eight existing ones on the The Mercedes-Benz dealership will display more than 200 new and used Grinzewitsch expects to create 50 jobs withinb the first year. He said the nation’se credit crisis has had no effect on his thanks to continued funding from the Grinzewitschrealizes he’ll be opening before car salesw likely recover from the currenyt slowdown, but he’s not “We’re prepared to hunker down if we have he said.
“We just run lean and mean.” His servicer and used-car sales operation in Rocklinis profitable, as is his El Doradol Hills Mercedes-Benz dealership, he said. The localo tanning salon chain has bought a building that more than doublez the size of its corporatew office and will open two more stores in the next few TheRoseville company, whichg has 24 locations, expects to add about five storea next year. Michael Blore, who owns the businesw with his wife, Ashleigh, bought an 11,000-square-foot buildingy at 1316 Blue Oaks Blvd. in The company has leased 5,000 square feet at 8265 for abouta decade.
The 24-employee headquarterws will move to the new office by the end of the The business is funding the purchase witha $1.90 million loan from the . U.S. Bank also has been “reallgy instrumental with our growth,” Michael Blorse said. “It was really critical for he said of thenew headquarters. “We were bustingt at the seams here.” Workers were sharinb desks, he added, and the company neede d more spacefor training. Scott Rush at represented the Blorex in the building California Sun Centers is continuing to expan d despite theeconomic woes. Business is “OK,” Michael Blore “We’re not invincible, that’s for sure.
We’ve reallgy chopped our advertising budget,” he said. But the challengin g economy also offers great including some enticinglease “We’re getting some great he said.
Saturday, March 24, 2012
Report: Houston shows positive, though slower, office absorption in 2008 - Houston Business Journal:
In comparison, Houston posted more than 6 millionj square feet of positive absorptiohn in the office marketin 2007. Class A officde buildings were responsible for most of the 2008 net or net change in the amount of occupied A totalof 165,184 square feet of Classz A space was absorbed during the fourthh quarter, resulting in 1.1 millionh square feet of positive net absorption for the according to the report. The nicesf office buildings also had the lowesg vacancy rate among all classes of office Class A vacancy increased by 120 basis pointsto 11.3 percenty for the quarter, the Grubb & Ellis reporg shows.
Houston’s sublease space rose by 116,2621 square feet in the fourth quarter tonearlg 2.6 million square feet. Despite the quarterly increase, Houston’s subleasee space is only 1.6 percent of the overalp inventory, which is lower than the national averageof 2.3 The asking rent rate was higher at the end of 2008 than it was at the end of but Grubb & Ellis reportsz that rent increases have slowed and landlords are offerin more concessions to tenants.
Thursday, March 22, 2012
Retail woes drive down Dow; Colorado stocks hit hard - Puget Sound Business Journal (Seattle):
Several Colorado stocks experiencesd big lossesas well. The Dow Jones Industrialk Average closed at off 2.94 percent, or 248.42 points, on the day. Volumr was 354 million shares. The Commercr Department said December sales inthe nation’s storess were twice as bad as Wall Street had off 2.7 percent from a year earlier. It was the sixtj consecutive monthly decline insales figures. The NASDAQ Composite finisheed the dayat 1489.64, down 3.67 percent or Decliners among actively traded Colorado stocks Wednesday included , Inc. (NASDAQ: off 12.2 percent (15 cents) to • (NYSE: FST) — Down 10.55 percenyt ($1.79) to $15.18. • (NYSE: WLL) — Down 10.2 percen t ($3.
65) to $32.12. (On the stock was up 4.41 • (NYSE: JNS) — Down 10.15 percent (80 cents) to • (NYSE: PLD) — Down 10.01 percentr ($1.22) to $10.97. Among the few Colorad o stocks that gained Wednesdaywere CROX), up 3.33 percent (4 to $1.24, and (NASDAQ: up 0.73 percent (5 cents) to $6.87.
Tuesday, March 20, 2012
WLOX.com - The News for South MississippiWoman, 3 daughters shot to death at ... - WLOX
WLOX.com - The News for South MississippiWoman, 3 daughters shot to death at ... WLOX By JIM SALTER AP BALLWIN, Mo. (AP) - The fatal shooting of a woman and her three young daughters, whose bodies were discovered in the middle of a remote gravel road at a Missouri resort, has been ruled a murder-suicide, a law officer said Monday. |
Saturday, March 17, 2012
Quotations of the day - Washington Post
Quotations of the day Washington Post âWhen I heard him talk, he said ... 'Yeah, that's my job. That's what I do.' He never expressed a lot of emotion toward it.â â" Kassie Holland, a next-door neighbor in Washington state to Robert Bales, the Army staff sergeant who is suspected of ... |
Thursday, March 15, 2012
'Megacaps' Now More Attractive - Smartmoney.com
'Megacaps' Now More Attractive Smartmoney.com But shorten your time horizon, and small caps look far less attractive, Mr. Ramsey says. During the past five years, the Russell 2000 has returned 10.6%, just 1.8% more than the S&P 100. And during the past 12 months, megacaps have jumped 6.9% while ... |
Tuesday, March 13, 2012
Bay Area home sales, prices see uptick - Phoenix Business Journal:
The median price paid for a home inthe nine-countgy region rose to $341,500, up 12.3 percenft from $304,000 in April but down 33.9 percent from $517,000p in May 2008, accordingh to MDA DataQuick of San Diego. In Santz Clara County the median pricwewas $445,000, down 28.3 percent from the same monthu last year. There were 1,688 homes compared to the year-ago's 1,467. The median’ss rise over April marked the secondconsecutiver month-to-month increase. Although last month’s median was 17.8 percenf higher than the current cycle’s low of $290,000 in Marcj this year, it was still 48.6 percenf below the peak $665,000 median reacher in June and Julyof 2007.
Sales of $800,000-plus existing single-family houses rose to 13.2 percent of all housse resaleslast month, up from 9.8 percenft in April and the highest since they were 14.8 perceny of sales last October. Salesz of sub-$400,000 existing houses dropped to 57.5 percent of May down from 62.2 percent in April and the lowestysince 56.5 percent in A total of 7,44 new and resale housex and condos sold in the nine-county Bay Area last That was up 4.3 percent from 7,13i9 in April and up 19.8 percent from 6,216 in May 2008. The May 2008 saless were the lowestin DataQuick’s statistics, whic go back to 1988. May sales have averaged 9,88q1 and peaked in May 2004 at 13,567 sales.