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Business events scheduled for the coming month Updated: Fri, May 25, 2012 FRIDAY, June 1 WASHINGTON — Labor Department releases employment data for May, 8:30 a.m. Eastern; Commerce Department releases personal income and spending for April, 8:30 a.m.; Institute for Supply Management releases its manufacturing index for May, 10 a.m.; Commerce Department releases construction spending... Read More
Jay Peak owners buy another Vt. resort Published: Thu, May 24, 2012 MONTPELIER, Vt. (AP) — The owners of northern Vermont's Jay Peak resort announced Thursday they have closed on the purchase of another northern Vermont ski hill, Burke Mountain, a move Jay Peak's president said would strengthen both businesses. Bill Stenger, president and co-owner of Jay Peak, near the Canadian... Read More
State Fair of Virginia site sells for $5.35M Published: Tue, May 22, 2012 RICHMOND, Va. (AP) — The State Fair of Virginia property in Caroline County has been sold at a foreclosure auction for nearly $5.35 million. Mark Lovell of Cordova, Tenn.-based Universal Fairs on Tuesday bought the State Fair of Virginia's real estate, including the 360-acre Meadow Event Park site where Triple... Read More
US home sales up across the country, hopeful sign Updated: Tue, May 22, 2012 WASHINGTON (AP) — Americans are buying more homes in every region of the country, the latest indication that the housing market could be on the mend. An increasing portion of those sales are from first-time buyers, who are critical to a housing recovery. Sales of previously occupied rose 3.4 percent in April... Read More
Argentina: Black market grows with currency Updated: Sat, May 19, 2012 BUENOS AIRES, Argentina (AP) — Along a busy street in the Argentine capital, the man in the brown suit doesn't need to speak above a whisper to sell his goods: "Money change. Money change." Those who want to swap pesos for dollars follow him through a run-down mall to a lingerie store. There, amid bras and... Read More
AP source: New deal for area near Mets stadium Updated: Thu, May 17, 2012 NEW YORK (AP) — A new deal between the Bloomberg administration and a group of developers including the owners of the Mets calls for the remediation and redevelopment of a 20-acre area of the blighted Willets Point neighborhood next to Citi Field, adding retail and ultimately new housing in a time frame that... Read More
US economy picks up after early spring slump Updated: Wed, May 16, 2012 WASHINGTON (AP) — Maybe the U.S. economy's strength this winter wasn't just weather-related after all. Home construction is near a three-year high. And factory output has risen in three of the year's first four months. The data released Wednesday suggest growth in the April-June quarter is off to a good start,... Read More
1st quarter home sales up in Wash, prices languish Updated: Fri, May 11, 2012 SPOKANE, Wash. (AP) — Sales of existing homes in Washington state surged in the first quarter of the year, but average prices did not, according to a new report. The number of homes sold returned to levels that were close to average for the past 20 years, and were up 11.3 percent from the same period a year ago,... Read More
Business Highlights Updated: Thu, May 10, 2012 ___ JPMorgan CEO Dimon acknowledges $800 million segment loss JPMorgan Chase, the largest bank in the U.S., said Thursday that it expects to lose $800 million this quarter on complex investments made by its own traders. The company's stock plunged more than 6 percent in after-hours trading after the loss was... Read More
Babe Ruth's suburban Boston home for sale Updated: Mon, May 7, 2012 SUDBURY, Mass. (AP) — The suburban Boston home where Babe Ruth lived after he had been sent to the New York Yankees is for sale, and the asking price is more than Ruth made in his entire playing career. The estate known as Home Plate Farm in Sudbury, Mass., is on the market for $1.65 million. Ruth, who for... Read More
US economy recovering but isn't yet accelerating Updated: Thu, May 3, 2012 WASHINGTON (AP) — The U.S. economy's recovery looks enduring. It's just not very strong. Hiring, housing, consumer spending and manufacturing all appear to be improving, yet remain less than healthy. Economists surveyed by The Associated Press expect growth to pick up this year, though not enough to lower... Read More
RI home sales up 22 percent in first quarter Published: Wed, May 2, 2012 WARWICK, R.I. (AP) — The Rhode Island Association of Realtors says sales of single-family homes in the state increased 22 percent in the first three months of the year compared with last year's first quarter, but prices dipped 11 percent amid foreclosure and short sales. The real estate group says 1,500 homes... Read More
Ventas 1Q profit more than doubles on acquisitions Updated: Fri, Apr 27, 2012 CHICAGO (AP) — Medical real estate company Ventas Inc. said Friday its funds from operations grew in the first quarter thanks to acquisitions and rent hikes. The company's funds from operations grew to $263.9 million, or 91 cents per share, from $121 million, or 75 cents per share. FFO adds such items as... Read More
The annual Architecture Tour promises to showcase several stops with unique views Updated: Wed, Apr 4, 2012 The American Institute of Architects-Central Oklahoma Chapter's 11th annual Architecture Tour is set for noon to 6 p.m. April 14. Read More
New ballpark name criticized for ties to gambling, city suburb Updated: Thu, Apr 5, 2012 Oklahoma City leaders, including Mayor Mick Cornett, are urging the Oklahoma City RedHawks and the Chickasaw Nation to reconsider their decision to rename the Bricktown ballpark after the town of Newcastle and the tribe's casino, Newcastle Casino. While team and casino representatives hailed the agreement as a new... Read More
City Arts Center in Oklahoma City will move from State Fair Park to downtown Updated: Thu, Mar 29, 2012 The City Arts Center will move from its longtime home at State Fair Park in Oklahoma City to a 4.5-acre spread at NW 12 and Broadway Drive — a downtown location that is at the northern entry to Automobile Alley. Read More
Business Highlights Published: Tue, Mar 27, 2012 Business Highlights Read More
Oklahoma real estate notes Updated: Fri, Mar 9, 2012 Oklahoma City Home Show set for March 23-25 at State Fair Park. Read More
Retail shining crew forming for Interstate 240, south Oklahoma City loop Updated: Fri, Mar 2, 2012 Urban Land Institute Oklahoma, the Oklahoma City Planning Department and South Oklahoma City Chamber of Commerce are working with an “Urban Innovations” grant from the national ULI Foundation. The aim is to gather information and draft short- and long-term recommendations for revitalizing retail investment along... Read More
No vacancy at downtown Oklahoma City garages; Thunder suite holders face uncertain parking future Updated: Mon, Feb 27, 2012 Oklahoma City's downtown parking system is running at 95 percent occupancy and property managers are being advised more parking can't be guaranteed for any new companies that might relocate to the central business district. Read More
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