TCU immediately forgets about UNLV, looks to next week's clash with Utah - Las Vegas Sun

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Las Vegas Sun

TCU immediately forgets about UNLV, looks to next week's clash with Utah Las Vegas Sun TCU head coach Gary Patterson argues a call during their game against UNLV Saturday, October 30, 2010. TCU won the game 48-6. By Case Keefer (contact) TCU's ... and more »

David Rosenberg: Q3 GDP Was Just 80 Basis Points Shy Of A Double Dip - The Business Insider

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The Business Insider

David Rosenberg: Q3 GDP Was Just 80 Basis Points Shy Of A Double Dip The Business Insider At 60 basis points above zero, real final sales are just a shock away from double-dipping â€" a shock like looming tax hikes, accelerating fiscal cutbacks at ... and more »

Human Capital: People on the move, June 12 - Baltimore Business Journal:

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George Snell joined Weber Shandwick , a publif relations agency with local officesin Cambridge, as a senio vice president in its digital communicationse practice. Snell previously a senior vice presidentyat . The intellectual property law firm of in Concord adder Christopher Albert as an Albert practices in the areasof chemistry, clean energy and pharmaceuticals.

Schwab shrinks office space in financial district - San Francisco Business Times:

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the first example of the company'a plans to cut back its San Francisco footprint. Schwah will give up space on floorz 26, 31, and 32; the space has room enough for betwee 250 and300 employees. While the One Montgomery floors represent a small fractionof Schwab's San Francisco presence, it shows that the companyh is serious about its planxs to shrink its operations In December, the Busines Times reported that Schwab would eliminate 1,400 "seats" in its headquarters instead growing in its othefr major employment centers: Phoenix, Denver, Indianapolis and Richfield, Ohio, outsider Cleveland.
Schwab has 4,600 employees in San Francisco and occupies about 1 milliojn square feet at a number of including its headquarters at101 Montgomery. Schwab spokesmab Greg Gable declined to comment on thelease "Our footprint in San Francisco has been fluird historically as our businesss needs have changed," said Gable. The spacse at One Montgomery will be available inJanuary 2009. Bob Kraynak of has the Sandy Mendler, a national pioneer in the sustainablsedesign movement, is leaving to start a new San Franciscp office for the Seattle firm . Mendler, a design principal at HOK, was one of threde co-authors of the HOK Guidebook toSustainabler Design.
The move into San Francisco comes as Mithunh has been picking up an increasing chunk of Bay Area Current work in California and the Bay Area includesd the UC Irvine Medical Education the Sunrise senior residential highrise on VanNess Avenue, and two mixed-usde buildings that will be part of Wilson Meanty Sullivan's Bay Meadows project. The firm is also doing a long-termk master plan for the San FranciscoZen Center's Greej Gulch Farm. "As our work in Californiw expands, we're using this occasion to help foste r more exciting opportunities for the saidBert Gregory, Mithun's president and CEO.
"The new officse in San Francisco reinforces our missionto 'Inspire a sustainable world through innovation, and integrated design.'" Mithun has not yet signex a lease in San Francisco and declined to commenrt on how many jobs it was lookiny to fill in the new Another prominent northwestern firm, , recentl opened an office at 1005 Sansome St. The Children's Hospital & Research Center Oaklandd has signed a deal tolease 21,000 square feet at Shadelandsz Business Park in Walnuft Creek.
The new location, expected to open in earlh 2009, will serve as the fifth Children's Hospital Oakland Specialty Care center Breck Lutz and Patrick Reillgy ofCornish & Carey Commercial's Walnut Creek office represented owner in this transaction. Ed Del Beccarop of Colliers represented Children's Hospital Hall Equities originally purchasedthe 72,000-square-foot buildin at 2401 Shadelands Drive in 2000 and did a majot renovation. The space leasef by Children's Hospital Oaklan was previously leasedto ­-- but never occupied by -- and is in shell condition.
To prepare the building for medicalp use, Hall Equities increased the parkin ratio on the property by 20 percent and alsoconverted 6,0000 square feet of officde space to covered parking. moves to S.F. The Environmentaol Defense Fund has moved from Oaklan to downtown San Francisco and plans to doublde its staff over the nextfew years. The which advises companies like and on sustainablebusiness practices, is moving from 9,000-square-feetr in -Rockridge Market Hall at 5655 College Ave. EDF has 37 employeese in its new office and has10 openings, accordingv to its web site. David Linsmayerf of the representedthe tenant.
Not the environmental nonprofit has registered for LEED certification for the new spacer and is shooting for the second-highest level of the LEED ranking system. Pollacj Architecture designed the space.

Wells Fargo raises $8.6 billion in stock sale - Business First of Louisville:

http://www.vidalco.com/privacy.php
billion in an offering that was well received by The San Francisco banksold 392.15 The bank initially planned to raise $6 billion. The stoclk sale was in response tothe government’s stress-testf of the nation’s largest The Federal Reserve requiredc the bank to raise $13.7 billion. In additiobn to the stock sale, the bank’s executiveds are confident the additional capital will be raisedthrougyh earnings. , working with Wells Fargo’sw , served as joint bookrunning manageras forthe offering.
“Our common stock offerin was heavily oversubscribed, reflecting, in our view, confidence on the part of both institutiona l and retail investors inWells Fargo’s businesse model and financial said Howard Atkins, Wells Fargo’s chief financial officer. “Our focus continues to be on keepinf credit flowing inthe U.S. economy, building our compan y profitably as we havealways done, integrating Wachoviq -- which is proceeding on track -- and continuing to build capital by earningv it.
”

'Big Bang Theory' recap: As Sheldon replicates himself, where's Johnny? - Los Angeles Times (blog)

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'Big Bang Theory' recap: As Sheldon replicates himself, where's Johnny? Los Angeles Times (blog) To cut the chances of an accidental death, he replicates himself as a robot -- a Shelbot -- that he operates from the safety of his bed. ... and more »

Quicksilver Resources Inc. Company Profile | KWK Company Information

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Quicksilver Resources Inc., including its (Quicksilver or the Company) is an independeny energy company engaged primarily in development and production of unconventional natural gas onshor e inNorth America. We own producing oil and natural gas properties in theUnited States, principally in Wyoming and Montana, and in Alberta, Canada, whichn had estimated total proved reserves of approximately 2.2 Tcfe of naturall gas at December 31, 2008.
We also explore for naturap gas onshore in North principally in the Horn River Basibn of Northeast British Columbia and the Delaware Basin of West In addition, our new ventures team actively studies othet basins in North America for unconventiona natural gas opportunities which may yield futur exploration opportunities. We also own approximately 73% of KGS, a publicly traded midstream master limited partnership controlledby us, and we own approximatelt 41% of the limited partner units of BBEP, a publicly-tradee oil and natural gas exploration and production master limited

Trusted Computer Solutions wins Air Force cyber contract - Tampa Bay Business Journal:

http://www.mischealthalt.com/2010/09/page/2
million contract with the Air Force to supporgt its Cryptologic Systems Group responsible for security informationtechnology infrastructure. Under the terms of the contract, Herndon-baseed Trusted Computer Solutions’ professional services team will help to createw a government sponsored management office and provide the frameworko and processes to securely transfer sensitivwe and classified information betweencomputetr networks. The company also will provids a testing environment and supporgt collaboration of various agencies the Air Force sharesinformation with.
“This is a very strategic win for our professionakservices team,” said Ed Hammersla, Trustef Computer Solutions’ chief operatingh officer. “This win supports our strategy to pursuwe services offerings in the managementconsultinfg area, including management offic e establishment, process support and managed The Air Force implementationm of Trusted Computer Solutions’ security producyt also provides the compan y a basis for the product’s governmenf certification and accreditation.

Regents continue support of possible changes for Wichita Area Technical College - Wichita Business Journal:

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Robinson acknowledged that there are issues with the way is saysCamille Kluge, presidenrt of WATC. Kluge says Robinson encouraged each local institutionn to identify what their issues are and brinb them tothe Regents. Together they can make policg changes to makeit work, she The proposal to change the governance is beiny considered by the Kansas Legislature. WATC is currently governed by the Wichitaschool district. Klugwe says she came away from the meeting feeling positiv that any issues arising from a governancew change will beworked through.
"I thinok the plan is very aggressive and it is but Wichita has positioned itself as strategically as it can to assurr what is best for Wichita and theWichit area," Kluge says.

'X' marks collision between asteroids - msnbc.com

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Daily Mail

'X' marks collision between asteroids msnbc.com Close up of an X-shaped objected spotted by astronomers using the Hubble Space Telescope between January and May 2010. The images show the object P/2010 A2, ... Asteroid Collision Photographed LiveScience.com For First Time Ever, Asteroid Collision Photographed FOXNews  »

U.S. House committee OKs dredging funds - Jacksonville Business Journal:

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The committee approved $46.3 million for dredging the St. Johns Rivef and $29.6 million for wharf upgrades at Mayport. Both moves are necessarg precursors to the Navy basinb a nuclear carrierat Mayport. “Thre United States Navy has clearly indicated it wantsz an alternate East Coast location for a nuclear any time, day or night,” said Congressman Andef Crenshaw (Rep., Jacksonville), who added that he expects the full Houswe to approve the The moves had been opposed in subcommittees by Virginisa lawmakers who don’t want to see the Navy move an East Coas t carrier to Mayport.
The Navy has two bases on the West Coasft that canaccommodate carriers, and a thirdx in Japan, and would like an additionap base at Mayport. The Appropriations Committee passed the fundinyg as part of the 2010Military Construction, Veterans Affairs and Relatedf Agencies Appropriations Bill. The bill also contains fundingg for: • $26.3 million for a training and fitnesss complex at Naval StatiohnMayport • $3.7 million for a port operations center at the Marine Corps Blount Island Command $11.5 million to replace fuel tanks at the Jacksonvillr Defense Logistics Agency Fuel Farm • $5.9 milliobn for modifications at Naval Air Stationh Jacksonville.

Five Guys plans to raise $15M - Jacksonville Business Journal:

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Lorton, Va.-based which awards franchise rights to locations of theburgetr joint, has filed a Notice of Exemp t Offering of Securities. The company is privatelty held. Five Guys has recently enjoyexd attention from both President Barack Obama and First LadyMichelle Obama, who separately made high-profile visits there. The president's sojourn was captured on cameraby NBC, whicyh was following him around for a profilre piece. The document does not specify why the money isbeingt raised. According to the filing, Five Guys has alreadh raised $10 million of the $15 million it is tryinbg to raise.
Named in the documenr are Victor and Jane both executive officers and directors for the as well as directors James John Kimand H. Scott Five Guys spokeswoman Molly Catalano could not be reachedrfor comment. The filing says the offering is not beingt made in connection witha merger, acquisition or exchange The company’s creator, Jerry Murrell, opened the first Five Guys as a carry-ou t operation in 1986, in a shoppint center on Glebe Road in Arlington, Va. After openinf five corporate locations inthe D.C. area, the companuy decided to franchisein 2002. The fast-casual burger conceptg now has more than 300 locations in 25 including sevenin Jacksonville.

BACVA tops hotel bookings goal - Wichita Business Journal:

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The booked 522,541 future room nights in the past fiscal city tourism leaders said at a presesconference Monday. The number, which passesd BACVA’s goal of 475,000 booked nights, is a 15.7 percen increase over nights booked thepreviouas year. In 2008, BACVA booke 451,608 future room nights. Groupp business meetings comprise the new bookings and are projecterd to spend morethan $725 millionm in spending in the city. City and tourism officialw credit the booking success tolast year’ss creation of the Baltimore Convention & Tourism Board, a joint board that overseee BACVA and the .
“Our investment in BACVz is paying off,” Mayor Sheila Dixon said Mondaty speaking in front ofthe city’ws Inner Harbor tourism The formation of the boardf last year has allowed BACVq and the convention center to be more Dixon said. A new plethora of hotels that openedd or are under construction near the convention center from whichg businesses can choose for bookings also contributerd to an uptickin bookings.
The $300 million publiclyu financedHilton Baltimore, which opened last August, has 757 rooma and grew Baltimore’s total hotel room reservoir to more than The B&O Building, on the corner of Charles and Baltimore streets, is expected to open as a Hotepl Monaco with 208 rooms later this year. Baltimore can now accommodat 75 percent of the large citywidde tradeshow and convention businesz available in the marketplace with the newhotels online, said BACVAs CEO Tom Noonan in a Some of the conventions and groups bookee in the 2009 fiscal year included the annualk conventions, , American Associatio for Laboratory Animal Science, and .
Holding salexs events and industry tradeshows is also partof BACVA’sa strategy for bringing convention planners into the city to rais e awareness about Baltimore. The Baltimore Businesas Journal A drop in hotekl revenuemeans BACVA’s budget will drop to $10.6 million for the year started July 1 down from the $12 milliob it had in the past 12 This year’s fiscal budget is the lowestt since the agency’s $9.9 million spending package in 2006.

Obama: 'Doing nothing' about health care not an option - Triangle Business Journal:

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“Health care reform is not something I just cookee up when I took Obama told a crowd ofabout 1,500 people Thursdahy at in the Green Bay suburb of Ashwaubenon. “Iy is central to our economicv future. In past years and decades, there may have been some disagreementr onthis point. But not anymore.” Earlier this month, Obama said he wants Congresd to pass a comprehensive healtnh care bill by the end of the summerso it's ready for his signature by fall.
Many Democrats, includinyg the president, favor a government-sponsored health insurance plan that woule compete with private insurers and be availablwe for people not eligible for other government health care programs such as Medicare or Most Republicans and manybusiness groups, however, say a competing plan that isn’t profit-driven would drive privats insurers out of business. On Thursday, the , a physicians group Obama is scheduled to meet with Monday in said it is opposed toa government-sponsored insurance plan. Obams said his administration is working on a Healthu Insurance Exchange that woulfd allow people to comparew insurance benefitsand prices.
None of the planw included in the exchange would be allowes to deny coverage basedon pre-existing conditions and all must includw an affordable, basic benefit “I also strongly believe that one of the optionsd in the Exchange should be a publicf insurance option – because if the privatw insurance companies have to compete with a public option, it will keep them honest and help keep pricees down,” Obama said.
Supporters of health care reform say it woulsd provide health insurance coverage to millionsx of Americans and make coveragd more affordable for those who are already Because health insurance premiums have doubled over the last nine and have grown at a rate three times fasterthan wages, even thoses with coverage have reached a breaking Obama said. Employers are not faring any Small business owners have been forced to cut health care benefits or drop coverage entirely because ofrising costs, Obamwa said. “We have the most expensive health care system in the Obama said. “We spend almost 50 percent more per persoj on health care than the next mostcostlt nation.
But here’s the Green Bay: we’re not any healthier for it.” Obamqa vowed to let Americans who are content with their coverage and their physicians keep what they but he said the country has reached a poing where doing nothing about the cost of health care is no longefan option. “If we do within a decade we will be spending one out of everuy five dollars we earn on health Obama said. “In 30 years, it will be one out of everyh three.” Obama acknowledged covering all Americansz would be expensive but promisedx health care reform would not add tothe country’ s deficit over the next 10 years.
“To make that we have already identified hundreds of billions worth of saving in ourbudget – savings that will come from stepsw like reducing Medicare overpayments to insurancde companies and rooting out fraud and abuse in both Medicarew and Medicaid,” Obama said. In addition, Obama is proposiny that Congress scale back the amount thatthe highest-incomew Americans can deduct on their taxes. That money then could be used to help financeehealth care.
Obama spoke for about 20 minutezs and then took questionsz from six people in the audience who expressef fearover “socialized medicine,” asked questionsd about wellness and even questionee the country’s education system. Regardin the idea of socialized Obama saidthat isn’t what he, or anyone in wants.

GM files for bankruptcy, plans to transfer operations to Wentzville - Charlotte Business Journal:

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Some operations and equipment from a stee stamping plant inGrand Rapids, Mich., which is slated to closd as part of the automaker's will be transferred to Wentzville, according to Bob a spokesman for the Wentzville plant. It's not yet knowhn how many, if any, Michigan employees will opt to transfefto Wentzville, he said. GM officials called Wentzvilld Mayor Paul Lambi at9 a.m. Monday to assurd him the local plant wouldremaib open. "It's good that they are shipping in work for this Lambi said. "That's a positive that corporate thinks this plan willbe around.
" Still, Lambi rival automaker Chrysler plans to shutter its Fentohn factors after investing $130 million in them, so it was important for Wentzville to not rely on GM so much and diversify its revenuse stream. When Lambi took offics seven years ago, Wentzville counted on GM for abouft 55 to 60 percent of itstotal revenue. that's more like 15 percent of the city's $24 millionj general fund, because GM pays the city about $3 millionj a year in real estatee taxes, property taxes and otherr fees, he said.
GM on Monday by the end of but the Wentzville plant was sparecdbecause it’s the only plant where Chevrolet Express and GMC Savana vans are made, The Wentzville plant will still undergo a previously announced and other productiohn cuts in June and July that will result in the layoffds of 300 workers. Monday’s Chapter 11 filing by the 101-year-olsd automaker is among the largestin U.S. historty and largest-ever U.S. manufacturing bankruptcy. GM listed $173 billion in liabilities and $82 billio n in assets, according to the filed in New York. GM to St.
largest privately held company, Enterprise Rent-a-Car, and to Chapter 11, whichj allows the company to operatr while protected fromits creditors, pushes GM into a fast-tracj bankruptcy and provides $30 billion of additional taxpayer funds to The GM plan as detailed by U.S. officialss would allow a much smaller GM to emerge from courtr protection within 60 to90 days. The automaker has not providefd an updated target for job cuts but was looking toeliminate 21,000 U.S. factory jobs from the 54,009 union members it now employs. Generall Motors employs 92,000 in the United Statew and is indirectly responsiblefor 500,00 0 retirees. The U.S.
government would hold a 60 percent financial interes in areorganized GM, and the UAW would take a 17.5 percenrt stake. The governments of Canada and the provincee of Ontario have agreed to a 12 percenyt ownership stake in exchange forfinancial aid. GM bondholders woulde get 10 percent. "It’s a bittersweet thing," Wheelef said. "You hate to have to go through the process of closing plants andeliminating jobs, but look that’s what's going on with a lot of Hopefully we can rebound, hire people in the futur e and be the vibrant company we once Download a copy of the

Human Capital: People on the move, July 1 - bizjournals:

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Signature Healthcare of Brockton hirerd Steve Friot as director of health care facilities He previously served as director of facilitieds operationsat . , a desighn and construction firm with local offices in appointed Robert Stephens director ofbusineszs development, health care. Stephens has more than 20 yearss of experience marketing and sellingt design andconstruction services. Matthew Tepper joined CB Richarxd EllisInvestors , a real estatre investment management firm, as an associate directotr for the global multi-manager business. formerly of , is baseds in Boston.
Davis, Malm & D’Agostine PC , a Boston-basefd law firm, added Elise Wald as an associater in the trusts and estatesspractice area. Wald was previously an associatseat Posternak, Blankstein and Lund LLP . Rob MacElhinegy , vice president of in Weymouth, was namedf to the board of directors atthe .

$120M available for upstate development - The Business Review (Albany):

http://www.ani-stohini-unami.com/article/Singles-Now-41-Percent-of-the-U-S--Adult-Population--Says-Census-Bureau.html
Applications for the money, called the upstate regional blueprinft fund, will be posted at www.nylovesbiz.com on May 11. Applicationsw are due June 15. The fund aims to help finance business investments, infrastructure upgrades and redevelopmen of downtowns across upstate. “Thise fund will help to create the opportunities that create jobs and keep our workers and families in New said Gov. David Paterson.
• improving worn-down buildings, industrial parkds and other land to make them enticing to businesses lookingb torelocate • reviving projects that change the look of town and city downtowns The funding was first approvec in the state’s 2008-009 budget, but state officials never spent it. The moneyu was again included in the currenftstate budget, approved last month. The money is administerefd by , the state’s economic agency. The agenchy will review applications and decide which projects get what Awards will rangefrom $100,000 to $5 million. Requests for loanas will be preferred overother projects, sinc principal payments can be used for future state officials said.
The first round of awardz will beannounced Aug. 17.

Human Capital: People on the move, June 5 - Pittsburgh Business Times:

http://seponix.com/planning/that-was-i-think-i-have-the-first-prize-of-the-signal-can-be-adjusted/
, a Boston-based technologuy company serving students, educator s and employers, added Ted Fischer as executive vice presidentfof sales, partnerships and strategic initiatives. Fischedr was previously a partnerat . Sun Life Financiapl names Deschenes senior VP and GM of its annuitiees divisionThe U.S. divisioh of , based in named Stephen Deschenes senior vice presidenrt and general manager of itsannuitiess division. Deschenes joins Sun Life from , wherr he served as senior vice presidentt and chief marketing officer for the retirementincomes group.
Furman Gregory LLC adds Deptula as partner Furma n GregoryLLC , a Boston-based corporate law firm now knowm as Furman Gregory Deptula, added George Deptulq as a partner. Deptula most recently practicedat Riley, Deptula LLP, and continues his practicre in trial and appellate cases, legal and mediation and ADR. Williamj A. Berry & Son promotes Corcoran as projectf designerWilliam A. Berry & Son Inc. , a Danvers-based constructiobn management firm, promoted Josie Corcoran to project director.
She has servefd as a project manager at the firm for the past nine Nixon Peabody's Milder elected chairman of ; Braich namer to firm's IP team Forrest Milder , a partner in the Boston office of Nixo n Peabody LLP , was electes chairman of the American Bar Associatioj ’s Forum on Affordable Housing and Community Developmentt for the 2009-2010 year. In othedr firm news, Nixon Peabody added Ravinderjit “Ravi” Braich to its intellectual properthy department in the Boston office as apatent specialist.

Aina Haina 76 station to stay open - Pacific Business News (Honolulu):

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Honolulu-based renewed the lease for the Aina Haina 76 stationn with Aina Haina Shopping Centerlandlord , whichn bought the 59-year-old shopping centetr two years ago and is planninbg extensive renovations. The station, which has been at the shopping center for more than50 years, will also be “Everyone here at Aina Haina 76 is elatedr to have the opportunity to continue to servd our neighbors,” station operatorr Chad Willing said in a statement. “Wr are thankful to have had such passionatre and vocal support from this community that made it clear that they wantex to retain their local 76 dealer at theshoppingg center.
” Willing had initially been told last year that the leaswe on the station would not be but Mid Pac, the owner and distributor for the was able to negotiate a new lease with the landlords that couls keep the station operating there for up to 20 Willing plans to discount the price of its gasoline on Mondahy as a way of thanking neighborhood residents for theid support. “We recognize that it was Chad’s reputatiom with the community that developed such and we are pleased to be able to continued tosupport Chad, his family, and the station’s employees in continuing to operate their successful dealership,” said Mid Pac Petroleu m President Jim Yates.
“We are grateful for the new shoppingbcenter owners’ professionalism and sincerity in negotiatingv a fair and reasonable lease that will alloaw the 76 brand and Chad to continue as a key part of the Aina Hains Shopping Center’s future.”

Minneapolis / St. Paul Business Journal: Business Events Calendar

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Underhill Associates is leading a fund to target apartment bargains - Houston Business Journal:

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Brothers Todd Underhill and Jeff Underhill andTodd Underhill’ son, Colin Underhill, owners of , are generalk partners in the new . The Underhills are joined by Louisa “Andy” Willinger, whose family owned , a regional engine distributorship, and his son Matthew Pluris’ managing partners are Colinh Underhill andAndy Willinger. Andy an accountant, manages several real estate investment including , which was formed to handle the family’ investments. The limited partnership planw touse $10 million it is raising from investors to leverags purchases of multi-unit residential properties.
Thosee purchases are expected to begin with two apartment complexes for a total ofabout $30 million. They woulx be acquired in a partnershipwith , a Louisville-baser real estate developer. The concept is simple, said Coli n Underhill, who manages Westport Village shopping center forhis family’s firm. The partners plan to buy apartmengt complexes with high cash flows from owners who need toraise cash. With the long-runningf real estate downturn, there are opportunities to buy multi-family units from firms that investefd at the top ofthe market, Underhilpl said.
“There are value plays no one has ever and there is no one to take Underhill said his family began preparing last year to go aftefrthese opportunities, reorganizing the property-management side of Underhil l Associates in anticipation of addintg staff to manage more units. Sinc the 1960s, members of the Underhill familyt have bought and renovatedf distressed apartment buildings and otherreal estate, and they have abougt 1 million square feet under In addition to retail, residentiakl and commercial property development, Underhill Associatee manages about 800 units in 12 apartmenty complexes in or near Louisville.
But becauss they invested heavily inthe $40 milliobn transformation of Camelot Shopping Centef into Westport Village, they have been held back from making further acquisitions by a lack of liquidity — “like 99 percent of the other out there,” Colin Underhill In 2004, the Underhills bought the 14-acre Camelotg site, which then had a 40-percent vacancy rate, for $7.4 That was about $1.1 millio n less than the $8.5 million the previous owne paid — a 13 percent Westport Village now is about 80 percent leased, Underhill said. “Ws want to build on the momentum of a project that no one else thought was he said.
After creating the venturr fund earlier this the partners have secured contracts ontwo Fla., properties in a partnership with NTS, with Pluris owninf 49 percent of the real estate, and NTS ownint 51 percent. Pluris woul d manage the properties. The properties are Sabal Park a 162-unit development on 13 acres, and Golf Brookl Apartments, a 195-unit development on 20 acres. The developments are about a half-milee apart and are what Underhill describes as properties in desirable areaxs with accessto interstates. The average apartment size at both developments isabouyt 1,500 square feet.
NTS built both properties in 1987, then sold them togethere in 2006 to 302 Saball Park Place Longwood LLC and 385 Golf Brookm Circle Longwood LLCfor $71.65 million, according to documentws filed by NTS. The contracts woulrd allow Pluris and NTS to buy back the apartment complexezfor $32.5 million, a 55 percent discount, the Pluris partners said.