http://sf.curbed.com/archives/2012/03/08/pacific_telephone_building_scraps_plans_for_condos_moves_on_to_office_space.php
Pacific Telephone Building Scraps Plans For Condos, Moves On To Office Space
Thursday, March 8, 2012, by Alex Bevk
Back in 2007, developers Wilson Meany Sullivan (of Ferry Building and One Powell fame) acquired the Timothy Pfleuger art deco skycraper at 140 New Montgomery Street. Known as the Pacific Telephone & Telegraph Building, the tower was one of the tallest skyscrapers on the West Coast at the time it was constructed in 1925. The developers had grand plans to renovate the building into luxury condos, and even got through the permitting and entitlements labyrinth in 2008. Unfortunately for them, the plans were hatched right before the recession, and the loss of funding cause the project to stall out for the past four years.
Thursday, March 8, 2012
140 New Montgomery: The More Things Change...
http://www.socketsite.com/archives/2012/03/140_new_montgomery_the_more_things_change.html
140 New Montgomery: The More Things Change...
Five years ago Wilson Meany Sullivan purchased the 26-story Pacific Telephone Building at 140 New Montgomery for $345 a square foot with plans to spend an additional $500 a square foot converting it from an office building to a five-star hotel and condominium tower, with a spa, restaurant and bar.
140 New Montgomery: The More Things Change...
Five years ago Wilson Meany Sullivan purchased the 26-story Pacific Telephone Building at 140 New Montgomery for $345 a square foot with plans to spend an additional $500 a square foot converting it from an office building to a five-star hotel and condominium tower, with a spa, restaurant and bar.
Tuesday, March 6, 2012
Bloomberg: Euro-Region Economy Shrank in Fourth Quarter as Investment, Exports Fell
Bloomberg
Euro-Region Economy Shrank in Fourth Quarter as Investment, Exports Fell
By Gabi Thesing - 2012.03.06 03:03 AM
Europe’s economy contracted in the fourth quarter as investment declined by the most since 2009 and exports and consumer spending dropped.
Euro-Region Economy Shrank in Fourth Quarter as Investment, Exports Fell
By Gabi Thesing - 2012.03.06 03:03 AM
Europe’s economy contracted in the fourth quarter as investment declined by the most since 2009 and exports and consumer spending dropped.
Monday, March 5, 2012
USA Today: Survey finds uptick in economic optimism
USA Today
Survey finds uptick in economic optimism
By Christopher S. Rugaber, The Associated Press
The U.S. economy is improving faster than economists had expected. They now foresee slightly stronger growth and hiring than they did two months earlier.
Survey finds uptick in economic optimism
By Christopher S. Rugaber, The Associated Press
The U.S. economy is improving faster than economists had expected. They now foresee slightly stronger growth and hiring than they did two months earlier.
Wednesday, February 29, 2012
Parallel Petroleum Welcomes Samsung C&T
permianbasin360.com
Parallel Petroleum Welcomes Samsung C&T
By: Mycah Glover
Updated: February 28, 2012
MIDLAND -- Deals are made in the Permian Basin oil and gas industry everyday, but not deals like this. Samsung C&T, a trading arm of Samsung Group, agreed to purchase Midland-based Parallel Petroleum from Apollo Global Management last year. Today, representatives from the Korean-based company traveled thousands of miles to formally announce their newest venture in the oil and gas business.
Parallel Petroleum Welcomes Samsung C&T
By: Mycah Glover
Updated: February 28, 2012
MIDLAND -- Deals are made in the Permian Basin oil and gas industry everyday, but not deals like this. Samsung C&T, a trading arm of Samsung Group, agreed to purchase Midland-based Parallel Petroleum from Apollo Global Management last year. Today, representatives from the Korean-based company traveled thousands of miles to formally announce their newest venture in the oil and gas business.
Tuesday, February 28, 2012
Bloomberg: Descending Treasury Yield Signals Slowing U.S.
Bloomberg
Descending Treasury Yield Signals Slowing U.S.
By John Detrixhe and Daniel Kruger - 2012.02.28 08:29 PM
The $10 trillion market for U.S. Treasuries is signaling that the economic recovery may be poised to weaken even as consumer confidence rises toward pre-recession levels.
Descending Treasury Yield Signals Slowing U.S.
By John Detrixhe and Daniel Kruger - 2012.02.28 08:29 PM
The $10 trillion market for U.S. Treasuries is signaling that the economic recovery may be poised to weaken even as consumer confidence rises toward pre-recession levels.
Bloomberg: U.S. Consumer Sentiment Climbs Toward ’08 Levels
Bloomberg
U.S. Consumer Sentiment Climbs Toward ’08 Levels
By Timothy R. Homan - 2012.02.28 01:28 PM
Consumer-confidence measures are climbing out of the depths reached during the last recession as employers step up hiring and stocks rally, signaling Americans may be poised to increase spending.
U.S. Consumer Sentiment Climbs Toward ’08 Levels
By Timothy R. Homan - 2012.02.28 01:28 PM
Consumer-confidence measures are climbing out of the depths reached during the last recession as employers step up hiring and stocks rally, signaling Americans may be poised to increase spending.
Reuters: PIMCO's Gross shifts to defensive investment model
Reuters
PIMCO's Gross shifts to defensive investment model
By Manuela Badawy
NEW YORK | Tue Feb 28, 2012 2:56pm EST
(Reuters) - It's time for defense, says Bill Gross, manager of the world's largest bond fund.
Gross, manager of PIMCO's $250 billion Total Return bond fund (PTTRX.O), used American football as a metaphor for his investment model in his March newsletter. He wrote that he has turned defensive as he watches out for potential downside risks and warns about the government's increased demand on available capital in the economy.
PIMCO's Gross shifts to defensive investment model
By Manuela Badawy
NEW YORK | Tue Feb 28, 2012 2:56pm EST
(Reuters) - It's time for defense, says Bill Gross, manager of the world's largest bond fund.
Gross, manager of PIMCO's $250 billion Total Return bond fund (PTTRX.O), used American football as a metaphor for his investment model in his March newsletter. He wrote that he has turned defensive as he watches out for potential downside risks and warns about the government's increased demand on available capital in the economy.
CNNMoney: Throwing cash at the housing market will make it worse
CNNMoney
Throwing cash at the housing market will make it worse
By Nin-Hai Tseng, writer-reporter February 28, 2012: 11:42 AM ET
Nearly half of current homeowners buying new homes by the end of 2012 are expected pay in cash, and that's not a good thing for home prices.
FORTUNE – In today's troubled housing market, it's all about the Benjamins.
Home prices are at a 9-year low, and it should come as no surprise. For the past three years, tighter lending standards and record foreclosures have driven an unusually higher number of homebuyers to pay for discounted properties in cash. The bulk has come from investors eyeing fixer uppers, as well as foreign buyers armed with wads of cash for properties from California to Miami.
Throwing cash at the housing market will make it worse
By Nin-Hai Tseng, writer-reporter February 28, 2012: 11:42 AM ET
Nearly half of current homeowners buying new homes by the end of 2012 are expected pay in cash, and that's not a good thing for home prices.
FORTUNE – In today's troubled housing market, it's all about the Benjamins.
Home prices are at a 9-year low, and it should come as no surprise. For the past three years, tighter lending standards and record foreclosures have driven an unusually higher number of homebuyers to pay for discounted properties in cash. The bulk has come from investors eyeing fixer uppers, as well as foreign buyers armed with wads of cash for properties from California to Miami.
Monday, February 27, 2012
Bloomberg: Greece Running Out of Alternatives: Krugman
http://www.bloomberg.com/news/2012-02-27/krugman-says-greece-running-out-of-alternatives-to-euro-exit.html
Greece Running Out of Alternatives: Krugman
By Anabela Reis - Feb 27, 2012 4:01 PM
Nobel-prize winning economist Paul Krugman said Greece is “close” to having no option but to quit the euro as austerity measures imposed on the nation hamper its economic recovery.
Greece Running Out of Alternatives: Krugman
By Anabela Reis - Feb 27, 2012 4:01 PM
Nobel-prize winning economist Paul Krugman said Greece is “close” to having no option but to quit the euro as austerity measures imposed on the nation hamper its economic recovery.
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