Sunday, October 31, 2010

UK to order Serco to explain cash demand - paper - Reuters

http://www.bravelead.com/en/games/winter-atv


UK to order Serco to explain cash demand - paper

Reuters


Francis Maude, the minister in charge of the government's cost-cutting drive, has ordered Serco to account for its actions, the paper said. ...


Anger as Serco forces 'cash for Coalition cuts' on suppliers

Telegraph.co.uk



 »

Thursday, October 28, 2010

Homebuilder McStain files for Chapter 11 - Puget Sound Business Journal (Seattle):

batyushkinuxit.blogspot.com
The Louisville-based company declared $10 millionn to $50 million in assets, and the same range in McStain -- which does businessa as McStainNeighborhoods -- has told customersz it plans to sell its finished homes and complete those that are under construction. The filing does not affect the Indiaj Peaks South neighborhood because of a separate ownership In February of this McStain told customers on its websitethat “we have been assured by our bankera and other professional associates that we are healthier than most of the privatse builders they deal with. … To paraphrase Mark ‘The rumors of our demise have beengreatlgy exaggerated.
’ Rumors that we filed for bankruptcyt are simply not true.” Other Colorado builders to declare Chapterf 11 recently include Village Homes of Colorado in Greenwoofd Village, which had last year’x largest local bankruptcy reorganization with $138.4 milliomn in debt, and Tousa Inc., the Florida-baserd parent of Colorado’s Engle Homes Inc. John Lainb Homes of Irvine, Calif., whichb was active in metro filed Chapter 11 earlythis year. McStain’sz largest unsecured creditorsinclude Scheer’s Inc. of Illinoids (which is owed $10.85 million), Key Bank ($3 million), CRE4009 Centennial LLC-Crestone ($2 million) and William and Associates ofBoulded ($1.
54 million), according to the bankruptcy Other unsecured creditors include First National GE Capital, Namaste Solar Electric Inc., Guy’s Floor Services Inc. and the City and County of Denver (sales tax). McStain has takeb significant steps to cut costs and shore up its flaggingb business in thelast year. The builder’sx former president and CEO, Eric Wittenberg, voluntarilh left the company in late summer 2008 to save and was replaced byMcStain co-founder Tom Hoyt took the titles president and board McStain Enterprises also closed its physicalp headquarters operation in Louisvillw last November.
At that time, McStaij had 21 employees, down from 75 peopl early last fall and from a peak of 115 a fewyearw ago. Remaining employees were to creates avirtual office, using cell phones and computers. Tom and Carolinr Hoyt, with their friend David Stainton, started McStain in when they bought a small Boulder custon builder called HorizonBuilding Co. Over the the partners built the company from a simpled custom builder to a designer and developerof master-planned communitiee such as Indian Peaks in Lafayette and MeadowView in Longmont. They also moved into energy-efficient housing.
McStain has workes on several urbaninfill projects, as including ones in Denver’s Lowryu and Stapleton neighborhoods and Belmar in

Tuesday, October 26, 2010

ePharmacy plan broadens care for Saint Luke

vasilisaxavymar.blogspot.com
Using the ePharmacy system, two pharmacistsw at in Lee’s Summit provide overnight coverag e to sixSaint Luke’s facilities. Prescriptions are scanned so they can be reviewefd electronicallyin Lee’s Summit, and by entering the informatioh into the computer system, pharmacists allow for medicationds to be dispensed by automated cabineta at the hospitals. The initiak phase has been in place for abouya month, and Seniod Pharmacy Director Doug DeJony said it paid dividends almost immediately when a pharmacisyt dispensed a customized dose of antibiotics in the middle of the Before ePharmacy, pharmacists at Sain t Luke’s South handled overnight requests at four facilitiesz in Lee’s Summit, Kansas City and Smithville.
Rising demand made that and the ePharmacy plan was more economical than adding pharmacists ateach site. Meanwhile, after-hours coveragd at Saint Luke’s facilities outsids the metropolitan area was limitedto on-call pharmacists for By developing the system in-house, Saint Luke’s is spending a quarteer of what it would have to pay to contractf for the service. Saint Luke’s eventuallyu may offer the service for facilities outside its systemj togenerate revenue. The growingh use of telepharmacies is being closelu watched by thein Md., said Anthea Francis, a directorf with the group.
A nationwide shortage of pharmacistsd is making the practicemore common, she said, as are accreditation rulees aimed at more pharmacist oversight of drug dispensing. Adequate staffing of telepharmacy sitesais crucial, she said, becausr pharmacists do more than simplgy fill orders. “It’s not just as simple as peoplee seemto think,” she said.

Monday, October 25, 2010

Wells Fargo Insurance Services nabs Las Vegas brokerage in buying spree - Pittsburgh Business Times:

http://iancurtispsychiatrist.com/about/
The brokerage network, part of WFC) said the deal closed June 1. Termds were not disclosed. According to has been in businesssince 1999, when it was founded by John and focuses exclusively on health and benefits with customers in the hospitality, health-care, auto sales and home developmentr niches. Grady is now managing directord ofemployee benefits. Wells Fargo Insurance Services isthe world’s fifth-largest insurance brokerage and the nation’s largest bank-owned according to Business Insurance magazine’s 2008 list, with more than 200 officezs in 37 states. The brokerages network has been on a buyingspreee recently.
It bought Novato’s and in earluy April, and about a month before that acquiredWalnut Creek-based , an employede benefits consulting firm that also has officesx in Houston and among other deals in recent months.

Sunday, October 24, 2010

A READER WRITES | 'Vote early and vote often' - New Bern Sun Journal

http://stratfordlanding.org/holidaycontest.html


San Francisco Chronicle (blog)


A READER WRITES | 'Vote early and vote often'

New Bern Sun Journal


Vote early and vote often...รข€ I don't know who actu »

Friday, October 22, 2010

"Mutu Bisa Bangkitkan La Viola" - Okezone

http://www.uludagyenidogan.com/page/Directv-Hdtv-Satellite-Receiver-Guide.html


Okezone


"Mutu Bisa Bangkitkan La Viola"

Okezone


FLORENCE - Keterpurukan tengah dialami Fiorentina. Namun, penjaga gawang Sebastien Frey meyakini, kembalinya Adrian Mutu mampu membangkitkan La Viola. ...



and more »

Thursday, October 21, 2010

Buyers wage bidding wars as real estate bottoms out - Birmingham Business Journal:

http://www.anvilinformatics.com/news/pr2001-10-16.html
It’s a market where sellers receivde multiple competing offers to buy their homes for more than theifr asking price and buyers areenterinyg counteroffers. On the surface, the return of biddinf wars doesn’t add up given the residentiapl real estate market is in one of the worsrt slumpsin decades. But with home prices back to 2002 savvy buyers are snapping up unprecedentexbargains — and to a growinb extent, competing with each other to get them before the market hits bottom and pricew start rising broadly.
Ye, a real estater broker with in Cambridge who represents buyersand sellers, has witnessexd bidding wars on both sides of Buyers are competing for aggressivelt priced properties in exclusive Bostonm neighborhoods and bedroom communities in the inner suburbs where steep discounts have rarely been found. The salex range from traditional single-family homes, to short sales, to properties in foreclosurr that are being unloadedby banks.
Regardlesx of the property type, buyers are afte r deep discounts and finding pockets of the real estats market to be hotterthan “It’s almost like a market within a market,” Ye “If you are well-priced and your conditiobn is great, these (homes) are moving.” Ye tickedd off a half-dozen properties where she’s been involved in bidding wars on behalfc of clients. In some cases, the biddersx are proposing prices that are thousandsa of dollars above the asking Recently Ye solda three-bedroom, one-bath home at 186 Bainbridges St. in Malden where the winning bidderspaid $14,000 above the asking price.
Ye said she received sevehn offers onthe 1,344-square-foot Colonial, whic h was listed for $265,000. The buyers paid $279,300 after their original offerof $285,000 was reduced followinfg the home inspection. Across the state buyers and theirt agents are finding themselves in a contest for homees that are selling for much less than theassessexd value. Scott McNeill listed an 809-square-foof condo in Boston’s inventory-constrained North End and receivedxthree offers. The property — which features granited kitchen countertops, travertine bathroom tile and rooftoprights — is under agreement for above the $489,000 askinvg price.
McNeill, a sales manager at in didn’t disclose the price because the deal will not clossuntil June. Bidding wars are taking some buyers by McNeill said another client of his was outbie ona one-bedroom, 789-square-foot condo in the Fenway. His client eventually won when the previous bidde walked away fromthe deal. The propertg was listed for $389,000 and is underd agreement for close to theasking price. “The reason she lost out is becaussshe didn’t believe the market is as hot as it McNeill said. “She just couldn’t believe there was actually someone biddinvagainst her.
” McNeill said he believes buyerse are willing to pay over the asking price for propertiesd because they are tired of waitintg for the bottom of the markert and want to seizs the chance to own condos in trendy neighborhoods like the South End and brownstonesw on picturesque Back Bay streets. Brian Rugg of Rugg Realth and formerly of ERA Boston has a clienyt who was outbid twice in thelast month. The first offer was made on a Wayland home that was on the markeyt forapproximately $389,000 and sold within “cents” of the askiny price. His client then bid $376,000 on a home in Readintg that was listedfor $410,000.
The offetr was rejected even after Rugg’s clients increased their bid to $395,000. Rugg believess the home sold for $399,000. Rugg said people are watching the market Inhighly sought-after areas from Boston to the innere suburbs, Rugg encourages clients to make offerse as quickly as possible. “We clearly saw this kind of behavior back in the heydayin 2003, 2004, Rugg said.

Tuesday, October 19, 2010

E Ink to be bought for $215 million - Silicon Valley / San Jose Business Journal:

http://vtlg-asia.com/index.php?language=English&menu=&News_SN=43
“Combining E Ink and PVI createe a single public company that is dedicated toelectronic paper,” said Russell J. co-founder, President and CEO of E Ink “With a common ownership structure, we can get closef to customers aroundthe world, streamlinew the supply chain, and speed up new product development.” E Ink has raisedc more than $150 million, mostly from a grou p of strategic investors that include newspaper publisher , (NYSE: MOT) and INTC). Sony Corp. (NYSE: SNE) and Amazon.com Inc. AMZN) turned to E-Ink earliert this year to provide the displayas fortheir e-books — the Sony Reader and the Amazon Kindlew 2.
E Ink’s product is a thin and flexibld film packedwith molecules. The moleculesx can be manipulated to produc imagesand text. It looks much like a printed The 12-year-old company’s revenue has grow n exponentially, placing it in the top 10 of the BostonBusiness Journal'd 2008 list of the fastesty growing private companies in Massachusetts. E Ink postes revenue of approximately $41 million in a more than 140 percent increased overthe $17 million in revenue it saw in 2007. It’ss seen revenue growth of 720 percent over the pastthrew years. A big increase in business came in July 2007 and was drivehn by the marketing push of Sony arounits Reader, Wilcox said.
By the end of that Sony released an updated version of the Readed and Amazon released the first version ofthe Kindle. The including the latest version, has enjoyed some popular presw and endorsements from includingOprah Winfrey. In the process the e-bookj as gained marketshare. Today e-books have aboutr a 3 percent market penetration. “E-books have movedx from something everyone was skepticalabout ... to now if you get on an you have pretty good chance ofseeingg e-books being used in the aisles,” Wilcox said in a recenty BBJ interview. The road map for 2009 includes e-books with different size The big market at the momengtis publishing, Wilcox said.
But that could mean spreadinh into the realms of textbooks and Wilcox said the company will add some jobs to keep apace with probably between 10 to 20 positionsthis year.

Monday, October 18, 2010

SIUE goes to court over failed conference center - St. Louis Business Journal:

elzeyfirekuut1795.blogspot.com
Developer William Shaw and couldn’t come up with financingy for the hotel andconferences center, which was to be called the Spring Green Lodgee and located at University Park, SIUE’s research and technology according to university spokesmahn Gregory Conroy. The project, firsf announced in 2004, died in 2007 when a grounsd lease between SIU and WLS expired following extensione forthe project. SIUE filed a declaratorgy judgment action Monday inMadison County, Ill., seekingt to have the court bring legal closure to its hote conference center project.
If WLS would have to remove all constructio n equipment and materials and remove the building foundation it constructedr to comply with the terms of the Conroy said. That woulcd free up the site, located at Illinois Routw 157 and UniversityPark Drive, to become availablew for lease and development, the university said. University Park currentlyu has 23 tenants representing a numbetr of business sectors including agricultural health sciences, design professionals and information The most recent announced addition to the park is the Blooe Processing Center and National Testing The American Red Cross plans to move to a 15-acre site at University Park Drive and Soutn Research Drive and bring more than 500 jobs to the

Saturday, October 16, 2010

Green Township OKs Mercy hospital plan - The Business Journal of Milwaukee:

evlampiyacyxybyw.blogspot.com
The plan passed 3-0. “We’re very pleaserd to get to this stag e and excited to take the next saidPete Gemmer, spokesmaj for Mercy. “We realize there is still a lot of work to do and we look forwar to continuing to work with the residentsa and the township leaders to develop a hospitap everyone can be proud The project will now be submitteed to the Hamilton County Regional Commission for probablynext month, Gemmer said. The plannerd hospital and parking areas would cover about 40 acres and sit near toInterstate 74. The facility, to cost $200 million, couldr open in early 2014.
The proposed site is 60 Mercy has said it will close itstwo West-Sids hospitals: Mercy Hospital Western Hills and Mercy Hospital Moun t Airy. The new with 200 to 250 beds, will be a replacemen t for them. Some residents in the area had expressed concern about increased traffic as a result ofthe hospital, whos main access road would be from North Bend at roughly the midway poingt between Kleeman and Boomer. Gemmer said a traffic impact study through the HamiltonCountyg Engineer’s Office is nearly complete.

Friday, October 15, 2010

California losing ground in manufacturing - The Business Journal of the Greater Triad Area:

lamoreuuceses1724.blogspot.com
Manufacturing “still drives California’s economy in many but the state is losing ground to other statee and nations because of its regulatory climate, tax burden and reputation as a difficultf and costly place to do business,” the wrote in the reporft released Tuesday. The paid for the study, calledc “Manufacturing 2.0: A More Prosperoud California,” to create a better understanding of the currenft state of manufacturing and the need for action to savethe state’s most critical engine of economic the association said in a news The Assembly Committee on Jobs, the Economy and Economifc Development is scheduled to discuss the report next The committee is trying to understand the manufacturinfg sector’s role in the state’es economic recovery.
“California’s economy has been built on The sector’s steady decline is undoubtedluya ‘canary in a coal mine’ for the state’s association president Jack Stewart said in the news release. “Californiq has the capacity to innovate and make things but it is not at all livingy up toits potential.” The report says that the impactws from lost manufacturing jobs have been devastating.
The study looks at California’d manufacturing decline compared tocompetitive “peer” states, shows what the state would look like if it had maintained year 2000 levela of manufacturing, and explains the huge economic benefitw and ripple effects from high and even low wage manufacturing. The Milkenh Institute also examines the challengee the industry faces in California and recommendsa some changes to make the sectofr more competitive in theGolden State. The trader association had the Milken Institut e prepare a similar study sevenyears ago.
“Since and even before the currentinternationalp recession, California manufacturing has remained in decline, with little attention from policymakers,” the news release said. If California had maintainedc the same level of manufacturinv from 2000to 2007, the state would have $27 billioj more in manufacturing waged and $54 billion more in total manufacturing related the report found. “Just do the math on those numbersa to see how much more the state would have seen in tax Stewart said inthe release. “It’s absolutelh crucial that our state doesn’t neglect this sectorf for anotherseven years.
” California has been losinyg manufacturing jobs, particularly high-value-added manufacturing, to Washington, Texas and the report said. California was home to 1.5 million manufacturingt jobs in 2007, while its seven peer statezs had 2.7 million manufacturing Those states added morethan 62,000 manufacturiny jobs between 2003 and while the Golden State lost 79,000 manufacturing jobs durinb the same period. California, in fact, is losing a larger sharr of manufacturing employment, especially in high-tech, and is losing thosse jobs at a faster thereport found. Those peer stateds also are “using targeted incentivesz to keep and lure manufacturers away from thestudy said.
“California manufacturing is innovative, exciting and wealth creating,” Pamelaz Kan, president of Bishop-Wisecarver Corp., said in the release. “Ws employ 53 California workers who make great wages and very innovative and technical products for many othermanufacturing sectors. We hear constantly about our California and clients’ struggles with regulatort uncertainty and costs.” Kan’s family founded Bishop-Wisecarver, which is baserd in the Contra Costa County city of in 1950.
“This report,” she said, “is a wake up call to California’s policymakers that we need a focused manufacturing strateggy in the state to retain and growthe nation’s most covetedd producers.”

Wednesday, October 13, 2010

Athens News And Views - Flagpole Magazine

coeragnheidur3778.blogspot.com


Athens News And Views

Flagpole Magazine


Some stories are so unlikely, so convoluted and far-reaching that one doesn't know whereรข€"or, in fact, whetherรข€"to begin telling them. ...



Tuesday, October 12, 2010

First American affiliate buys Attleboro site - San Antonio Business Journal:

http://www.virtualworlds2008.com/speakers/andreaslober.html
million. First American, on behalc of an affiliate, boughrt a 5,650-square-foot building called Buildint 5 anda 213,000-square-foot, three-story manufacturing facility called Building 12. The Attleborpo Corporate Campus was previously owned and occupied by and isa 300-acr e mixed-use office and industrial campus located just off Interstatw 95 in Attleboro. Building 12 is leased to as it’s globall manufacturing headquarters. Building 5 is leased to The BOCGroup Inc., a worldwide distributor of industrialk gases and its parent, The Linde Group. Preferreds Unlimited Inc. is a 15-year-old commercia real estate firm which started as Preferred Real EstateInvestmentsw Inc.
The company is headquartered in Pa. First American Realty Inc. is a privatelyt held investment and management firm basedin Worcester, Mass. which acquires industrial and medicaloffice

Sunday, October 10, 2010

Sources: NCR could relocate HQ to Georgia - Philadelphia Business Journal:

http://azcss.com/en/cgi/page_1.html
Ohio government officials said word began swirling May 28 thatNCR NCR) is , according to the Daytoh Business Journal , a sister publicationb of Atlanta Business Chronicle . Last NCR said it would move its Worldwide Customere Services headquarters tometro Atlanta, investing $15 milliohn and creating more than 900 jobs in Peachtree City and While it remains to be seen if Atlanta gets anothere Fortune 500 headquarters, NCR is rumored to be opening an additiona facility in the Peach State, Atlanta Busineszs Chronicle has learned. An announcement aboug that venture is expected as earlg asnext week, sources in Atlantza and Dayton said.
NCR is believed to have looked at sitezin Savannah, and Columbus, Ga., accordinh to a source. The global technology company coul be eyeingabout 100,000 square feet of offic e space. Based on the square footage estimates, real estatr sources said, the operation could house 300 to 400 Company officials and Georgisa economic development officialsremained tight-lipped on any potential development. NCR global spokesman Richard Maton told the Dayton Business Journal the company does not responsd to rumors and Inthe past, NCR has been quick to deny rumorx of its relocation and affirm its commitment to remaining in Dayton.
A Georgia Department of Economic Developmenft spokeswoman did not return calls Friday and A spokeswoman said she had no informatioh on the matter and a executiv edeclined comment. In October, NCR said it will co-locate an NCR Learninfg Center and its Customer Care Center hub for the Americas region withthe company’s existing Global Service Material s operation in Peachtree NCR, founded in Dayton, is the city's largest company, with 20,000 global employeex and $5.3 billion in annual The company relocated its executive offices to New York City two yearas ago and leased a floore at 7 World Trade Center building.
This past the company told employeesx it is undergoing a structural reorganization and woulcd cut an unknown amount of itsglobak workforce. That same month, the companu removed the language "world from the sign at its Daytonj campus. Rumors have long circulated that NCRwoulds move, however Ohio government and economic developmentf officials said speculation reachex a new level in the past few The Ohio Department of Development has repeatedlt sought information from the but as of Friday eveninh NCR remained mute, a state official told the Dayto Business Journal . Ohio Gov.
Ted Stricklane and NCR CEO Bill Nuti, attempteed to talk on Friday, however they were unabler to coordinatea time.

Saturday, October 9, 2010

Martek Biosciences Corp. 2Q profit rises 20 percent - Boston Business Journal:

tatyanagepoji.blogspot.com
The company reported $92.4 million in revenu e for the quarter endingAprio 30, up 2 percent from the same period last year. It earned $11 million in net or 33 cents perdiluted share, during the secon d quarter, compared with $9.2 million, or 28 centw per diluted share, during the seconc quarter of last year. Analysts polled by expected the company to earn 29 cents per shareand $89 milliobn in revenue. Martek (NASDAQ: MATK) sellzs nutritional oils derived from algae that are used ininfanr formula, dietary supplements and food producte such as yogurt and juice. Sales of its nutritionall supplements to the nursing market rose to arecord $9.
8 But the company warned that its infanrt formula sales in the third and fourthy quarters could drop as retailers trim thei r inventories of the product. The company anticipatexs that infant formula revenue will grow in fiscal 2010 as a result of stronf demand for infant formula products containinh its nutritional oils DHAand ARA. The Omega-3 fatty acids are believed to play an important role in brain and eye study that could showthat Martek’as DHA can slow the progression of Alzheimer’w disease.

Thursday, October 7, 2010

Trading Higher on Heavy Volume are Shares of Cardtronics on 1.4x Above-Average ... - Comtex Smartrend

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Comtex Smartrend


Shares of Cardtronics (NASDAQ:CATM) are trading up 1% to $15.50 today on above average volume. Approximately 377000 shares have traded hands ...


SmarTrend's Trend Spotter See Continued Upward Momentum on Shares of ...

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 »

Wednesday, October 6, 2010

Nepal fails to elect new PM despite 10 attempts - Hindustan Times

http://terrymichael.net/Htm_SiteArticles/TerryMichadStreet.ComArticleKremlinized_12_08_09.htm


India Talkies


Nepal fails to elect new PM despite 10 attempts

Hindustan Times


Nepal has been without an effective government for 98 days now. And it seems it will continue that way for some more time. Needing support of 300 lawmakers ...


Nepal's 10th vote for premier founders on party disagreements

Monsters and Critics.com


Big three meeting ahead of tenth PM voting inconclusive; talks for 'package ...

Nepalnews.com


NC's Poudel facing Nepal PM election today, Hosts tea party at his 5 Star House

Telegraphnepal.com


Republica -www.reviewnepal.com -Himalayan Times


 »

Monday, October 4, 2010

Governor lobbies for increased incentives for film industry - Wichita Business Journal:

http://skrh.org/support/annualfund.html
Kulongoski is seeking support for SenatreBill 621, which woulsd reauthorize and increase the financial incentives for moviemakers. The plan is cappedf at $10 million per biennium. Kulongosku wants to raise the capto $15 million. A Senate committede passed thebill Monday. In the firs t six months of 2009, television and movid productions invested morethan $40 million in Oregon, accordingf to the governor’s office. That’s the highestf total in 15 years. In recent weeks, a Harrisonm Ford movie called “Ths Untitled Crowley Project” and the TNT seriese “Leverage” have been shooting in Portland.
Producers for "Thr Untitled Crowley Project" joined Kulongoski at Monday's presse conference at . “Oregon has becoms an A-list location for the film and television industry and an important critical pieceof Oregon’z economy,” the governor said in a news “Green energy is one bright spot in Oregon’s economy and the film industru is another, generating an additional $1.1 milliojn in income for Oregon workers and locap businesses for every $1 million spent by a The governor credited the incentive program, created in with spurring the growth of the state's film program from a $2.1 milliomn industry to an $8 million industry.

Sunday, October 3, 2010

UDR offers apartment-search application for iPhone - Washington Business Journal:

tatyanagepoji.blogspot.com
The Highlands Ranch-based apartment owner's locator app allowz users to search apartmentsby location, and number of bedrooms and It offers photos, amenities lists and floor plans of listed apartments, and pricex are updated daily. The app "knows" where the user is locate through GPS technology and can offer maps and directions toselectes apartments. Users can save the apartments they choosee in afavorites folder, and even place a hold on an apartment until the user can visit. UDR said the applicatiojn currently offers apartmentsin California, Florida, Maryland, Oregon, Tennessee, Virginia and Washington state as well as D.C.
The app is availablew through Apple's online iStore or for free downloadrby . The new iPhonr service "fits perfectly into UDR's mobile strategy to attract and retai n apartment renters who are becoming more reliant on a mobile devicde and less reliant on theirpersonalk computers," said Steve UDR's VP of sales and in a statement. "Not only are we attractiny apartment prospects within theUnited States, but from around the worls now." In addition to the iPhone app, UDR also has WAP- and iPhone-compatibled websites, at and respectively.
UDR is an apartment-investment trust that owns about 45,0090 apartment units and had another 2,000 underr development as of March 31.

Friday, October 1, 2010

Apartment provider Corporate Accommodations Inc. brings buying furniture in-house - Pittsburgh Business Times:

nadezhdaqedyxos.blogspot.com
A 20-year-old company that provides short-term apartmentd to area guests on corporate temporary Corporate Accommodations was facingtwo problems: rising cost in renting furniture and the obstacle of not beiny able to clean and prepare its apartments’ furniturd on weekends, when units often turn over. “We’re very qualituy conscious. We never want somebody to move in to a carpetthat isn’tt professionally cleaned or furniture that might have a stain or a said Bates, president and CEO of the “We just knew that it would be bettert for the customer and thus better for us if they could move in on the So in 2006, the company embarked on a progra m to buy all its own furniture and outfiy all its units with them.
While any job that requirex moving furniture takes both muscl eand planning, consider the scale of what Corporate Accommodations faced: On average, the companuy leases 150 apartments each year, in 12 locations throughout the city, all of whichy are leased by guests stayingh for varying and changing lengths of Then consider the size of the which employs 23 people and last year achievex revenue of $5.4 million. Yet in a time in whicnh outsourcing as many business functionds as possible is standard operating procedure for so many Bates saw good reason to integrate furnitur e intoits operations.
Guestse would have the best possible experience; Corporate Accommodations woulde have better control over itsown operations, and the company woulxd be able to pick up new clients. Batesw and his staff estimate today that they are able to get 30 customerw a year on the weekend that the compan would havepreviously lost. “The more chances that we can say yes, then the betterf off our customers are goingto be, and the bettef off we’re going to be,” he None of which made the taskes involved any easier. First, the compant needed a warehouse, so it boughtt an 8,000-square-foot structure near its offices. it needed furniture.
For beds, Corporate Accommodations hired a local company to build frames and But perhaps the biggesf task was toinvest $700,000 to buy box mattresses, sofas, love seats, deskas and other accessories, which the company imported from That equaled 18 shipping containers that then needed to be truckes across the country and delivered to Finally, it needed trained staff. Corporate Accommodations startedf a new division and sent employees to classeeson carpet-cleaning and furniture repair.
Considering the size of the warehouse and the gradual coming and going ofthe company’s the delivery of the furniture needed to be staggered over Lou Oliva, an industrial real estat e broker with Downtown-based Grubb Ellis Co., said understanding the logistics for such shipments can be challenginhg for the biggest companies, which typicallh hire third-party logistics firms to handle such “Small companies can be very organized, understand the process and do a good job with he said. The company integrated the new furniture into its apartment s starting inJanuary 2006, a seasonak low ebb for its rentals, and completed the switcy during an approximately nine-month span.
While Bates said the compan y planned the big changewith Murphy’s Law in mind, the transitionm went smoothly. Customer surveys are generatinh volunteered responses praising theleather furniture. Sometimez they even offer to buy it. Batese said Corporate Accommodations now operates withgreater cost-certaintyg and is less vulnerable to practicesw of other companies. “It makew us feel like a bigge company because we createxd a wholenew division, we have more control, and we don’t have to function under someone else’zs policies, procedures and hours,” he said. “It made us more independent.