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LOS ANGELES, April 17, 2012 (GLOBE NEWSWIRE) -- PacMutual, a landmark building in Downtown Los Angeles, was acquired yesterday by developer Rising Realty Partners ("RRP") and funds controlled by their financial partner Mount Kellett Capital Management LP ("Mount Kellett".) The acquisition marks the notable reentry into the California real estate market by the RRP team of CEO and Chairman Nelson Rising, President Christopher Rising and Executive Vice President Reed Garwood. RRP plans to transform this historic property into a marquee lifestyle commercial office space for Class A local, regional and national tenants. Current occupancy is 63%.
"We've been observing a historic shift in how people use office space," says Nelson Rising. "Tenants are seeking work spaces that fit their business and professional lifestyles. They are looking for an experience. PacMutual offers all of that and more."
RRP teamed with Mount Kellett to acquire PacMutual, because of its strong asset value, premium location, unique historic design, street-facing retail, below-grade parking and the potential for larger floor plans.
"We're happy to be working on PacMutual with RRP as our management and acquisitions partner given their strong track record and the quality of this asset," said Andrew Axelrod of Mount Kellett Capital Management.
RRP is repositioning PacMutual to appeal to a variety of downtown Los Angeles office users, and has engaged Santa Monica-based real estate services firm Industry LTD to work with them on the building's transformation. Industry Partners, an affiliate of Industry LTD, will manage the leasing and marketing effort. RRP selected Industry Partners for its expertise and successful track record in repositioning a wide variety of office and industrial properties to meet the demands of creative office users who are driving leasing activity in Los Angeles.
Industry Partners will establish a Downtown Los Angeles office in PacMutual under the direction of Carle Pierose who will be responsible for leasing and Tom Majich who will be in charge of construction management.
"We are seeing the boundaries of the creative office market shifting East," says Industry Partners founder Jim Jacobsen. "With little or no space available in Santa Monica for creative users with a requirement of 10,000 square feet, downtown Los Angeles is becoming a more attractive alternative. Downtown LA has done a wonderful job in reinventing itself with more loft-style housing and an infrastructure of entertainment and services to support it, and as a result is attracting a new breed of office user."
The RRP lease-up strategy will benefit from improving market conditions in the heart of the city. Downtown Los Angeles has attracted over 500,000 square feet of tenants from the west side and other areas in the last two years. As regional access to the area improves and housing options become more available in the downtown area, this trend is expected to continue.
"We understand what a quality retail experience, in an inspiring setting, can do for a tenant's quality of life," says Christopher Rising. "Building-wide free Wi-Fi and 24/7 accessibility is essential, however, the tenant's experience must be authentic and not feel forced. Whether it's easy access to public transportation, more green areas, creating a sustainable environment, or simply constantly interacting with our tenants -- Our primary goal is to create a full lifestyle experience for our tenants, rather than just some place to work."
RRP knows California. Drawing from the seasoned experience of co-founder and real estate veteran Nelson Rising and the progressive vision of his team of real estate experts, RRP has strength in identifying prime California investment opportunities. This is their first project as a new company.
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L.A. Landmark Office Building to Get a Rising Reposition
New offices for Children Services -
April 18, 2012 by
Mr HomeBuilder
By Rita Price
The Columbus Dispatch Wednesday April 18, 2012 4:39 AM
Franklin County Children Services is breaking ground today on a $17 million East Region complex in Whitehall, above, that will allow it to consolidate operations from two sites. Below is the agencys office at 205 N. Hamilton Rd., one of two buildings that will close.
For employees whove spent years working in a noisy office next to a transmission shop, construction of the Franklin County Children Services east office building cant happen soon enough.
The families the agency works with will benefit, too, and tax dollars will be saved, according to Children Services.
Tom Drumm, a supervisor at the current East Region site, said he and other workers have been eagerly following the progress via architect renderings, building layout plans and construction photos.
You can probably find people who are more excited than I am, but it wouldnt be easy, Drumm said.
Children Services is holding a ceremonial groundbreaking today for the $17million office complex thats under construction at 4071 E. Main St. in Whitehall.
The agency has been planning and budgeting for the project for years. By consolidating operations, it expects to save about $780,000 a year on leases and other costs, Executive Director Chip Spinning said.
Thats the financial savings, he said. What you cant measure is how much better this will be for families. With 96,000 square feet, the complex will be far more family- and kid-friendly, officials say.
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New offices for Children Services
Photo by Travis Pratt
Tuscan Blue Design junior designer Heather O'Connell works at her computer on a kitchen design Wednesday morning in Frederick.
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The 2006 graduate of Gov. Thomas Johnson High School is working three jobs, all connected to interior design in one way or another.
O'Connell is junior designer at Tuscan Blue Design on North Market Street, a position she has held for about six months.
She also works for Kitchen Gallery in Urbana and has just started at Salvage, a downtown Frederick firm that gives new life to antique furniture.
"I worked with a design firm in Mount Airy while I was in high school," O'Connell said, "and I fell in love with it."
Working at three different businesses gives her multiple perspectives on interior design, O'Connell said.
She graduated with a degree in interior design and marketing from High Point University in North Carolina.
Her technical skills blend well with the creativity of Meredith Ericksen, owner of Tuscan Blue Design.
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Interior design more than just colors and fabrics for TJ grad
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Posted on April 16, 2012, Monday
PLEASE HELP: Saing (left) with some longhouse folk point to the damaged retaining wall in front of their longhouse.
SIBU: Soil erosion threatens a 31-door longhouse in Tanjung Berkakap, Bawang Assan after a retaining wall of belian and concrete piles was damaged by erosion.
The eroded part is no less than 20 metres from the end of Rumah Saing Beliang.
Its longhouse chief, Tuai Rumah Saing, 77, told reporters yesterday the Lebaan River had eaten into a part of the road and motor parking area.
The erosion has worsened in the last four years. If it continues, the road and motor parking area will eventually vanish, he said.
The erosion was caused by fast flowing water, apart from waves created by riverine transport such as express boats and ships.
We are appealing to the government and the peoples representative in the constituency to rebuild the retaining wall to prevent further erosion. If possible, use big blocks of concrete to build the retaining wall, he stated.
Saing said he had brought up the problem to the parties concerned including Bandar Sibu MP, the late Datuk Robert Lau. Representatives from the government department concerned came to survey the problem but no action was taken.
If this project cannot not be carried out at once, we request it to be implemented in stages, he said. The longhouse folk had been waiting for a long time for the solution.
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Longhouse endangered by soil erosion
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Citom requests condo’s traffic plan -
April 17, 2012 by
Mr HomeBuilder
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Citom requests condo’s traffic plan
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Survivors Of Marine Disaster Confined To Those On Carpathia. (Err)ant Liner Steaming at Rate of Eighteen Knots an Hour When She Struck Mountain of Ice That Sent Her to the Bottom--Shock of Impact Almost Demolishes Vessel. Decks Ripped Open and Torn and Sides and Bulkheads Split and Shattered From Bow to Almost Amidshipsin Mounting Jagged Ice Spur and Sliding Back From Her Position, the Ship Had Many Hull Plates Torn Out. Compartments Forward Speedily Flooded
St. Johns, N. F., April 16.From the steamship Bruce, bound for Sydney, the first detailed reports to-night of the sinking of the Titanic and the (chi)lling scenes attending her end.
The Bruce obtained her story of the disaster from wireless messages picked from several of the ships which had been in closest touch with the last (?)s of the mammoth White Star steamship, and which were afterward in zone of communication with the Bruces apparatus.
When the Titanic struck the mountain or ice that sent her to the bottom in four hours after the impact, she was steaming at the rate of eighteen (knot)s an hour. The shock almost demolished the proud vessel, which her (buil)ders and her captain had believed nothing could master.
Hitting the impenetrable ice mass fairly with her towering bows, the ship (was) almost rent asunder at the first blow. Her decks were ripped and torn, (?)sides and bulkheads were split and shattered as with the hammer of some (?)n from the bow to a point almost amidships.
MOUNTS JAGGED ICE; THEN SLIDES.
Her upper works and some of her boats were splintered, while a shower (of de)bris from her spars fell upon the decks like giant hail. Though the (ship) had struck the monster obstruction head on, as her bow rose clear of (the) water, smashed to an unrecognisable mass of bent and shivered steel, the (vess)el listed heavily to port and threatened to turn turtle before the recoil (?) of what was left of her proud form back to an even keel.
The Titanic had forced her giant bulk away up on a submerged spur of
iceberg, a phenomenon which is not infrequent in the, most disastrous (colli)sions with these ghostlike sentinels of the Banks. In mounting upon the (?)ed ice spur and in sliding back from her position the ship had torn out (man)y of her bulk plates from the amidships section forward to the bow.
COMPARTMENTS SPEEDILY FLOODED.
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'Only 868 Saved from the Titanic': New Orleans learns of the disaster
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Indianapolis, IN (PRWEB) April 16, 2012
The Department of Transportation in Tampa closed one of its exit ramp. It's the slimy mold covering the ramp that prompted the decision of the department. Wanting to help the state solve the problem in a safe, affordable and eco-friendly manner, Mold-Removal.biz suggested that organic-based mold removal products should be used in the remediation process.
Based on the report from TampaBay.com, it's the exit ramp in Southbound State Road 60 that got shut. The ramp, which goes to the Howard Frankland Bridge, is said too slick because of the mold presence. To clear the spores off, DOT closed the exit ramp last April 13. It said that work will continue for several more weekends.
Reportedly, it's the nearby drainage that primarily caused the mold problem in the ramp. When a retaining wall was built along the exit at Interstate 275, water started to seep through it coursing up to road after heavy storms. And as a result, mold and mildew grew.
Here is a part of the report Exit Ramp in Tampa Closed Due to Mold from Mold-Removal.biz:
If you are a Tampa motorist, here is one thing you must know before you hit the road the exit ramp from Southbound State Road 60 going to Howard Frankland Bridge has been closed. It will be shut down for several weekends starting the 13th of April. That's all thanks to the slimy mold.
"According to Tampa Bay Times, mold has made the said southbound exit ramp too slick for the motorists. To solve the problem and surely, to prevent any road accident, the Department of Transportation decided to close the ramp.
Read more about Mold Closed Tampa Exit Ramp at: http://www.mold-removal.biz/slimy-mold-exit-ramp-tampa-closed.htm
Apart from posing health risks, mold can also cause accidents. That's because so much of it can make a surface slimy and slippery. And so, wherever and whenever there is mold, a remediation process must be implemented said Mold-Removal.biz.
However, the site added mold removal products are essential to make the remediation process easier to complete. It warns consumers though that not all sprays available are safe. As it stated, some of them contain hazardous to health.
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Mold on the Road Gets Exit Ramp in Tampa Closed, Mold-Removal.biz Suggests Use of Organic-Based Mold Removal Products ...
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Kent County will receive a U.S. Department of Agricultural grant and loan worth a combined $600,000 to help the municipality extend its existing sewer system from Kitts Hummock to Pickering Beach.
U.S. Senators Tom Carper and Chris Coons, and U.S. Rep. John Carney (all D-Del) announced the USDA Water and Waste Disposal loan and grant on Monday in Washington, D.C.
The Delaware Bay is a precious economic and environmental resource, and it is vital that we protect and preserve it for generations to come, Carper said. This federal funding will allow Kent County to remove failing individual septic tanks and install a new central sewer system.
The federal aid will help Kent County provide the comprehensive public works system that people rely on, Coons said. The expansion helps Kent County reach about 560 people in 224 homes.
During my time in county government, I learned just how much of a challenge it can be for local governments to maintain a safe and reliable sewer system, he said. Its important, as well, that such systems are built and maintained in a way that respects and protects their surrounding environment, which is why this funding is so vital.
Kent County Department of Public Works Director Hans Medlarz said the expansion from Kitts Hummock to Pickering Beach was a much needed project for the beach communities.
We were lucky to get the additional funding to serve Pickering and it will actually help to reduce the [sewer] rate slightly for Kitts Hummock because we will have additional users on the system, he said.
Kent County applied for this federal funding through a state project priority list and this project ranked very highly on that list, Medlarz said. This will help the fragile ecosystem of the Delaware Bay.
If you have septic system, your water system goes right into the ground water and right into the Bay, he said. Theres no time lag.
Kent County is in the final stages of sewer installation at Kitts Hummock, Medlarz said.
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Kent County’s beach front sewer expansion gets financial boost from the feds
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Church Construction | Comments Off on ON GOING FENCE CONSTRUCTION @ SAN ANTONIO DE PADUA CHURCH – Video
15-04-2012 22:44 THE PLACE (theplaceaz.com) is expanding! Check out what is new in this community of faith, love and hope in Wickenburg, Arizona.
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THE PLACE Construction Project April 2012 - Video
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