coras-newport.blogspot.com
Here’s a thought: Take a look at a soft emotionap intelligence skill that yields hardsales results, optimism. Ther e is evidence that supportsx the theory that sales teamse possessing high levels of optimism make companies more One of the best case studies comeas from the work that psychologist Martin Seligmann did with Metropolitan Life in New He convinced Met Life to give him accesa to their new employees and administer theusuak testing, as well as a new test he developec that measured optimism. He followed the progress of new salespeopls for one year and found that salespeopled who scored high in optimism sold 33 percentg more insurance than those whoscored low.
After two years, the optimistiv group of salespeople were thriving intheir positions, whicu increased retention and decreased the costs associated with turnover and increasedr sales. How optimistic is your organization? There is a lot of pressw on theswine flu, and peopld are worried about catching it. There is another epidemic to watchb out forin today’s pessimism. It can be deadlt when it hits an organization because emotiondare contagious. The clinical term is emotionao contagion and is definedxas “the transmission of When people are in a certain mood happy or depressed — that mood is often communicatede to others.
What is the mood at your company A sales manager sharess the story of a rep who started everyy conversation in the lastdownturn with, “Yoy probably don’t have any money so you don’tr want to buy The self-fulfilling prophecy was set by the salesperson, and the prospec t followed the salesperson’s No deal. So what can you do to stop the epidemiof pessimism? Study and duplicate optimistid salespeople. When faced with adversity, optimistixc salespeople ask themselves: • What’s good about this? They know that adversity is wherde true character is formed and great lessons are taught.
Optimists take advantage of this schooling because they know that lessonss learned today make mone inthe future. • What can I do aboutr this situation? Optimists know that controol equals action, action yields results and resultsincrease • What is funny about this?? Humor is a great way to relievwe stress, which frees up the mind for creativity and Optimistic salespeople take control. They know saleds is the greatest profession to be in during a They can meet with mentors who can help them look at anotheer way of doing business intough times. They can outworkm their competitors.
They can invest in learnin and outsmart their Optimistic salespeoplemanage results, not
Thursday, May 31, 2012
Tuesday, May 29, 2012
Kim Kardashian's 'draining' divorce - Monsters and Critics.com
titus-neither.blogspot.com
earsucker | Kim Kardashian's 'draining' divorce Monsters and Critics.com Speaking to her sister, Khloe, on 'Keeping Up with the Kardashians' last night (28.05.12), she said: 'My divorce has been re » |
Monday, May 28, 2012
Nas' 'Daughters' Video Gives Rare Look Into Personal Life - MTV.com
afyfojahejus.blogspot.com
AceShowbiz | Nas' 'Daughters' Video Gives Rare Look Into Personal Life MTV.com Nas is known for being a man of few words, but the private MC gives a rare look into his personal life with the new video for "Daughters," which premiered Sunday on MTV Jams. The clip features a guest appearance from his 17-year-old daughter Destiny ... Nas Relives Problems He Faced as a Father in 'Daughters' Music Video News: Nas Is Like: Destiny Finds God's Son In New "Daughters" Music Video [Video] "Daughters" Video Review |
Saturday, May 26, 2012
Resolution of reserve encroachment issue sought - Otago Daily Times
aleksanovlsys.blogspot.com
Otago Daily Times | Resolution of reserve encroachment issue sought Otago Daily Times Earlier this year, a complaint from a member of the public alerted the Queenstown Lakes District Council to a private tennis court and garage partially built on recreation reserve land at Don and Joan Kindley's property on Wicklow Tce, overlooking the ... |
Friday, May 25, 2012
National Museum of American History digs up Bobcat archives - Portland Business Journal:
houghtalingbaemo1268.blogspot.com
The renovated institution acquiree 56 cubic feet of corporate records fromNorth Dakota-based Bobcaty Co., which document American marketing and business The collection includes pictures, employee newsletters, drawings, scrapbooks and audio-visualo materials. The papers join the museum’s archivezs center and some will be on displayfrom Nov. 30 through Jan. 17, 2010. Bobcat Co. originatee as , a Gwinner, N.D.-basedr family-owned agricultural equipment maker that startedin 1947. “Bobcat Co. of Nortj Dakota represents the ingenuity and innovation ofAmericabn business,” said Brent Glass, directo of the museum.
“These records contribute to the better understandin g ofAmerican entrepreneurship.” The records date from the 1940s to the present and show how a family-owned company evolved into an industry
The renovated institution acquiree 56 cubic feet of corporate records fromNorth Dakota-based Bobcaty Co., which document American marketing and business The collection includes pictures, employee newsletters, drawings, scrapbooks and audio-visualo materials. The papers join the museum’s archivezs center and some will be on displayfrom Nov. 30 through Jan. 17, 2010. Bobcat Co. originatee as , a Gwinner, N.D.-basedr family-owned agricultural equipment maker that startedin 1947. “Bobcat Co. of Nortj Dakota represents the ingenuity and innovation ofAmericabn business,” said Brent Glass, directo of the museum.
“These records contribute to the better understandin g ofAmerican entrepreneurship.” The records date from the 1940s to the present and show how a family-owned company evolved into an industry
Wednesday, May 23, 2012
Delhi police constable murder: Forensic experts find road rage theory unconvincing - Times of India
cahijisebi.wordpress.com
Delhi police constable murder: Forensic experts find road rage theory unconvincing Times of India LUCKNOW: Forensic evidence has raised doubt over road rage theory in the murder of Delhi Police head constable who was shot dead in Meerut on May 15. But, given the sensitivity of the case which involves the murder of a policeman from another state, ... Not road rage, colleagues killed my son, says father |
Tuesday, May 22, 2012
Europe stocks ease, weighed down by data, banks - Reuters
afukakuja.wordpress.com
Europe stocks ease, weighed down by data, banks Reuters * FTSEurofirst 300 down 0.3 percent * Weak euro zone sentiment reignites concerns * Strong energy, autos outweighed by weak financials and drugs By Toni Vorobyova LONDON, April 26 (Reuters) - European equities dipped into the red on Thursday, ... |
Sunday, May 20, 2012
Cibolo nets new Cambria hotel - Jacksonville Business Journal:
omagyvoham.wordpress.com
Cambria, which Choice describes as theplace "where form and function meet," is the new upscale brand in the Choicr Hotels family. The all-suite propert features a state-of-the-art fitness center, a barist a bar, and an indoor pool and spa. The rooms includde separate sitting areas, flat-screen televisions and wireless Internet. The new Cambria will be locatedd at 17703 Interstate Highway35 North. "As trave l to the San Antonio area continuesto grow, both leisur e and business travelers are looking for a refreshing take on traditiona l hotel design and amenities," says William brand president for Cambria Suites. "And this Cambriqa Suites will offerjust that.
" The 129-suitre hotel will be owned by locally based development firm . The Cibolop Cambria marks the latest development under this flag in greatertSan Antonio. As reportes by the Business Journallast February, a new Cambriaa is also planned for a site at 8505 Broadwah in North Central San That hotel is being developed by The The hotelp development/management firm is building two hotels -- including the Cambria -- and accompanying restaurants on the site, which was previously home to the Center for Antiquea and the Airport Conventiom Center. Silver Spring, Md.-based Choicr Hotels reports that asof Sept.
30, 2007, there were 59 Cambriaa Suites hotels in the developmentr pipeline in26 U.S. states and in
Cambria, which Choice describes as theplace "where form and function meet," is the new upscale brand in the Choicr Hotels family. The all-suite propert features a state-of-the-art fitness center, a barist a bar, and an indoor pool and spa. The rooms includde separate sitting areas, flat-screen televisions and wireless Internet. The new Cambria will be locatedd at 17703 Interstate Highway35 North. "As trave l to the San Antonio area continuesto grow, both leisur e and business travelers are looking for a refreshing take on traditiona l hotel design and amenities," says William brand president for Cambria Suites. "And this Cambriqa Suites will offerjust that.
" The 129-suitre hotel will be owned by locally based development firm . The Cibolop Cambria marks the latest development under this flag in greatertSan Antonio. As reportes by the Business Journallast February, a new Cambriaa is also planned for a site at 8505 Broadwah in North Central San That hotel is being developed by The The hotelp development/management firm is building two hotels -- including the Cambria -- and accompanying restaurants on the site, which was previously home to the Center for Antiquea and the Airport Conventiom Center. Silver Spring, Md.-based Choicr Hotels reports that asof Sept.
30, 2007, there were 59 Cambriaa Suites hotels in the developmentr pipeline in26 U.S. states and in
Saturday, May 19, 2012
M&I Foundation grants to prevent foreclosures - The Business Journal of Milwaukee:
goldenayreyg1666.blogspot.com
The charitable giving arm of (NYSE: MI) is donating a total of $75,00 to strengthen organizations that provide foreclosurew counselingand first-time homebuyer education. Urbanh Economic Development Association (UEDA) of Milwaukee, to support UEDA’s work to convenew housing-related organizations to best serve those in need of foreclosurerprevention resources; Fair Housing Council, to support the Fair Housing Council’s foreclosure prevention community outreach; Housing Milwaukee, to support education programming for first-time homebuyers; Unitef Community Center, Milwaukee, to support the first-timre home buyers education program; Selecg Milwaukee, Milwaukee, to support foreclosure prevention programming; and Career Youth Development, Milwaukee, to support first-tims home buyers program.
Milwaukee-basefd M&I Marshall & Ilsley Bank is also providinvhomeowner assistance, through a progran announced Dec. 18, 2008, that includes a foreclosure moratorium that is in place throughJune 30. M&I’sd Homeowner Assistance Program also features streamlined assistancre programs for potentially distressed homeowners who are identified in advancde and proactivelyoffered assistance.
The charitable giving arm of (NYSE: MI) is donating a total of $75,00 to strengthen organizations that provide foreclosurew counselingand first-time homebuyer education. Urbanh Economic Development Association (UEDA) of Milwaukee, to support UEDA’s work to convenew housing-related organizations to best serve those in need of foreclosurerprevention resources; Fair Housing Council, to support the Fair Housing Council’s foreclosure prevention community outreach; Housing Milwaukee, to support education programming for first-time homebuyers; Unitef Community Center, Milwaukee, to support the first-timre home buyers education program; Selecg Milwaukee, Milwaukee, to support foreclosure prevention programming; and Career Youth Development, Milwaukee, to support first-tims home buyers program.
Milwaukee-basefd M&I Marshall & Ilsley Bank is also providinvhomeowner assistance, through a progran announced Dec. 18, 2008, that includes a foreclosure moratorium that is in place throughJune 30. M&I’sd Homeowner Assistance Program also features streamlined assistancre programs for potentially distressed homeowners who are identified in advancde and proactivelyoffered assistance.
Thursday, May 17, 2012
LandMar files for bankruptcy - Houston Business Journal:
xosawewaqa.wordpress.com
The Jacksonville-based residential development company was amontg 125 affiliates that filed along with itsparent Charlotte-based , in the Western Distric of Texas. Crescent’s estimated liabilities are morethan $1 according to the filing, and its largest at $13.6 million, is to Bank of The filing was necessary, according to a statemenft on Crescent’s Web site, for the companyg to reorganize its finances, reduce its debt level and improvee its capital structure.
Crescent intends to operate its continuing businesses without any significant interruptiojn during the restructuring process because of a recentlyobtainex debtor-in-possession financing facility of $110 million from a grou of its existing lenders, according to the statement. Andrew Crescent’s chief restructuring officer, has been named CEO while its former chief Arthur Fields, has retired and will work with Crescent in an advisort capacity. “We have been in active discussions with our lenderas and other stakeholders as we work towards an agreemenyt that will bring our capital structurd in line with the current economic Hede said in a statement onthe company’s Web site.
Charlotte-based Crescentt has been pursuing alternatives to shore up its balance sheetfor months, including selling some of its assets. The companty is jointly owned by (NYSE: DUK) and Morgan Stanleh and has 38 residential communities under developmengt inthe Carolinas, Georgia, Texas, Arizonqa and Florida. Crescent acquires a controlling interest in LandMar in butleft LandMar’s founder, Ed Burr, in controlo of the company until he resigne after a failed attempt to buy back the companyg in 2007. The Jacksonville Economicc Development Commission authorized city lawyers in May to startt the foreclosure process onthe 41-acrde parcel that was to be the Shipyards.
Plans for the Shipyardsa included 1 million square feet ofoffice 100,000 square feet of commercial space, 662 residentialp units, 350 hotel rooms and 150 marina slips. LandMar has developedx or had plans to develoop dozens more properties in Florida and throughoutthe Southeast.
The Jacksonville-based residential development company was amontg 125 affiliates that filed along with itsparent Charlotte-based , in the Western Distric of Texas. Crescent’s estimated liabilities are morethan $1 according to the filing, and its largest at $13.6 million, is to Bank of The filing was necessary, according to a statemenft on Crescent’s Web site, for the companyg to reorganize its finances, reduce its debt level and improvee its capital structure.
Crescent intends to operate its continuing businesses without any significant interruptiojn during the restructuring process because of a recentlyobtainex debtor-in-possession financing facility of $110 million from a grou of its existing lenders, according to the statement. Andrew Crescent’s chief restructuring officer, has been named CEO while its former chief Arthur Fields, has retired and will work with Crescent in an advisort capacity. “We have been in active discussions with our lenderas and other stakeholders as we work towards an agreemenyt that will bring our capital structurd in line with the current economic Hede said in a statement onthe company’s Web site.
Charlotte-based Crescentt has been pursuing alternatives to shore up its balance sheetfor months, including selling some of its assets. The companty is jointly owned by (NYSE: DUK) and Morgan Stanleh and has 38 residential communities under developmengt inthe Carolinas, Georgia, Texas, Arizonqa and Florida. Crescent acquires a controlling interest in LandMar in butleft LandMar’s founder, Ed Burr, in controlo of the company until he resigne after a failed attempt to buy back the companyg in 2007. The Jacksonville Economicc Development Commission authorized city lawyers in May to startt the foreclosure process onthe 41-acrde parcel that was to be the Shipyards.
Plans for the Shipyardsa included 1 million square feet ofoffice 100,000 square feet of commercial space, 662 residentialp units, 350 hotel rooms and 150 marina slips. LandMar has developedx or had plans to develoop dozens more properties in Florida and throughoutthe Southeast.
Wednesday, May 16, 2012
Dozens of flyswatters wash up on Alaska beaches - Seattle Post Intelligencer
karnergetajequ1416.blogspot.com
Bakersfield Now | Dozens of flyswatters wash up on Alaska beaches Seattle Post Intelligencer During the past week, dozens of flyswatters bearing logos of collegiate and professional sports teams have washed up on Kodiak beaches, and beachcombers have set out to collect them. Kodiak resident Todd Anderson even created a page on Google Maps to ... Dozens of flyswatters wash up on beaches in Alaska months after containers ... Cosco Yokohama Flyswatter Spill: Dozens Of Swatters Wash Up On Alaska Beaches |
Monday, May 14, 2012
Sooners snag three conference titles - Norman Transcript
ishinlyuboqemija.blogspot.com
Sooners snag three conference titles Norman Transcript Also, it was a pretty good day for the Sooners. Oklahoma's men placed third (with 91 points, 59 behind A&M) and the women sixth (with 63 points, 76 behind Texas), while the program added three more individual conference titles Sunday at Kansas State. |
Saturday, May 12, 2012
Barry-Wehmiller unit buys British equipment maker - St. Louis Business Journal:
ishinlyuboqemija.blogspot.com
signed the deal June 9 to buy of England. Terms were not disclosed. Randy vice president of sales at said Apollo generated revenue ofabout $5 million last year and employxs 15 people. Lorenz said the acquisition of Apollo will closde late this month orearly July. He said Steve Brimble, who headsz MarquipWardUnited's sales division in Europe and will take on the additional role of managing directo for the newlyacquired company. "It's a smalol acquisition but it will enable us to expand our markets in Europe and the Middle Lorenz said. The acquisition of Apollo Sheeters is the second thata Barry-Wehmiller subsidiary has made this year.
In April, of Minneapolisd announced it signed a deal to purchasethe high-speedd beverage cartoning and packaging line of of Kiel, for an undisclosed amount. Barry-Wehmiller operates 10 business unitd in all and generated revenuseof $941 million last year compareds to $772 million in 2006. Last Barry-Wehmiller bought five companies, including of Salem, Ill., and Los Angeles-baseds Glenn Ostle, editorial director of Paperr 360, a trade publication that focuses on the paper and pulp said MarquipWardUnited efforts to expand its market overseassis timely. "Over the last 10 years, the pulp and paped market in the U.S. has matured" Ostle said.
"In some countrieas like China, it's growing and they need new machines. It's also growing in India and inSouthn America, especially Brazil, where a lot of paper comes
signed the deal June 9 to buy of England. Terms were not disclosed. Randy vice president of sales at said Apollo generated revenue ofabout $5 million last year and employxs 15 people. Lorenz said the acquisition of Apollo will closde late this month orearly July. He said Steve Brimble, who headsz MarquipWardUnited's sales division in Europe and will take on the additional role of managing directo for the newlyacquired company. "It's a smalol acquisition but it will enable us to expand our markets in Europe and the Middle Lorenz said. The acquisition of Apollo Sheeters is the second thata Barry-Wehmiller subsidiary has made this year.
In April, of Minneapolisd announced it signed a deal to purchasethe high-speedd beverage cartoning and packaging line of of Kiel, for an undisclosed amount. Barry-Wehmiller operates 10 business unitd in all and generated revenuseof $941 million last year compareds to $772 million in 2006. Last Barry-Wehmiller bought five companies, including of Salem, Ill., and Los Angeles-baseds Glenn Ostle, editorial director of Paperr 360, a trade publication that focuses on the paper and pulp said MarquipWardUnited efforts to expand its market overseassis timely. "Over the last 10 years, the pulp and paped market in the U.S. has matured" Ostle said.
"In some countrieas like China, it's growing and they need new machines. It's also growing in India and inSouthn America, especially Brazil, where a lot of paper comes
Friday, May 11, 2012
Quintet of Gallatin Valley natives are now Bobcats - The Bozeman Daily Chronicle
edovogopu.wordpress.com
Quintet of Gallatin Valley natives are now Bobcats The Bozeman Daily Chronicle Of course the quintet exhibits both the academic and athletic abilities to do so, but four Bozeman High graduates â€" Sonia Antar, Tanner Burgard, Kevin Close, Dan Jackson â€" and Manhattanite Mike Asay also made the conscious and clear decision to ... |
Wednesday, May 9, 2012
Nissan consolidates distribution centers in Mount Juliet - Atlanta Business Chronicle:
andreychukuze.blogspot.com
Plans to build a 717,000-square-foor industrial building for the company in the Couchviller Pike Business Center were announced Tuesday bythe center’s owner and developedr . Construction is slated to begin laterthis month. The move will combin e Nissan’s operations now housed in two buildings in Smyrnza in the AlamvilleRoad area, and no additionalk jobs are expected to be added, says Nissam spokeswoman Julie Lawless. The tentative opening date is April 2010, she says. The new Nissan Partes Distribution Center will featurea 32-foot clear height and a trucok parking/loading area to accommodate 275 truck trailersz around the building perimeter.
The building is designed to accommodatse future expansions upto 1.2 million squard feet. Don Kent and Clinton both vice presidents within Nashville, brokeredr the long-term lease. Terms were not The Couchville Pike Business Cente r is located 25 miles eastof Nashville.
Plans to build a 717,000-square-foor industrial building for the company in the Couchviller Pike Business Center were announced Tuesday bythe center’s owner and developedr . Construction is slated to begin laterthis month. The move will combin e Nissan’s operations now housed in two buildings in Smyrnza in the AlamvilleRoad area, and no additionalk jobs are expected to be added, says Nissam spokeswoman Julie Lawless. The tentative opening date is April 2010, she says. The new Nissan Partes Distribution Center will featurea 32-foot clear height and a trucok parking/loading area to accommodate 275 truck trailersz around the building perimeter.
The building is designed to accommodatse future expansions upto 1.2 million squard feet. Don Kent and Clinton both vice presidents within Nashville, brokeredr the long-term lease. Terms were not The Couchville Pike Business Cente r is located 25 miles eastof Nashville.
Monday, May 7, 2012
Sunday, May 6, 2012
NTSB call falls on deaf ears - Columbia Daily Tribune
cicugaha.wordpress.com
NTSB call falls on deaf ears Columbia Daily Tribune JEFFERSON CITY (AP) â€" Late last year, federal safety officials made a 2010 deadly crash in rural eastern Missouri a focal point in a nationwide call to ban drivers from using their cellphones while behind the wheel. The National Transportation Safety ... |
Friday, May 4, 2012
Report: Fortress to invest in First Southern Bank - South Florida Business Journal:
cahijisebi.wordpress.com
, Lightyear Capital and Crestview Partnera will provide a capital injectionof $800 million nearly twice the size of Firsr Southern’s assets, according to the report. A sourced with knowledge of the situation told the Busineses Journal that this deal was closs tobeing announced. It would stilpl require regulatory approval. Anothe r source familiar with the deal said the threeNew York-basefd private equity firms would take equal stake s in the bank and the same number of seatss on the board. Such a deal woul mark the second private equity and hedge fund investmenf in a South Florida bank in thepast week. On May 21, a group led by W.L. Ross & Co.
, and bought the operationzs ofCoral Gables-based out of With five branches, First Southern had $407 million in assets as of March 31 and 1.8 percent of its loanws were noncurrent. It was strongly capitalized afteerreceiving $10.9 million througu the ’s Target Asset Relier Program (TARP) during the first quarter. First Southern officials were not availablsefor comment. The Financial Times reportf said Fortress would partner with two othed hedge funds to make the capital investmeng intoFirst Southern, which would be a vehicle for futurre bank acquisitions. Fortress manages $26.5 billionb in assets.
A company spokeswoman did not immediately return a call seeking Crestview Partners managesabout $4 billiojn in capital. Lightyear Capital manages about $3 billiobn in capital. A spokeswoman had no comment.
, Lightyear Capital and Crestview Partnera will provide a capital injectionof $800 million nearly twice the size of Firsr Southern’s assets, according to the report. A sourced with knowledge of the situation told the Busineses Journal that this deal was closs tobeing announced. It would stilpl require regulatory approval. Anothe r source familiar with the deal said the threeNew York-basefd private equity firms would take equal stake s in the bank and the same number of seatss on the board. Such a deal woul mark the second private equity and hedge fund investmenf in a South Florida bank in thepast week. On May 21, a group led by W.L. Ross & Co.
, and bought the operationzs ofCoral Gables-based out of With five branches, First Southern had $407 million in assets as of March 31 and 1.8 percent of its loanws were noncurrent. It was strongly capitalized afteerreceiving $10.9 million througu the ’s Target Asset Relier Program (TARP) during the first quarter. First Southern officials were not availablsefor comment. The Financial Times reportf said Fortress would partner with two othed hedge funds to make the capital investmeng intoFirst Southern, which would be a vehicle for futurre bank acquisitions. Fortress manages $26.5 billionb in assets.
A company spokeswoman did not immediately return a call seeking Crestview Partners managesabout $4 billiojn in capital. Lightyear Capital manages about $3 billiobn in capital. A spokeswoman had no comment.
Wednesday, May 2, 2012
Trump Waikiki buyers sue developer - Austin Business Journal:
obofym.wordpress.com
The lawsuit, filed in 1st Circuif Court in Honolulu, alleges that Los Angelea developer claimed in a 2006 presse released that the New York real estate mogul was a but that the fine print noted that Trump had merely licensed his name in a deal that coul be terminated or revoked atany “These people were investing in a Rolls Royce. They were told it coulfd magically turn intoa Ford,” said attorneu Warren Price, who filed the lawsuit on behalf of the buyers, who include six Hawaiji couples, two doctors from San the head of a Californi meat exporting business and a professional basketball player from New Orleans.
Pricd plans to amend the complaint within the next two weekss to include buyersfrom Japan, he A spokesman for Irongate issuerd a written statement sayinbg the developer would pursue its own claimsx against the buyers. All 464 units of the 38-storhy hotel-condominium tower at the Diamondd Head end of Fort DeRussy sold in one day inNovemberr 2006. About half of the buyers are from the balance are from the Mainland andother countries. The buyeres of the 11 units had placed deposits of 20 percentt on everything from studioes pricedat $500,000 to three-bedroom suites priceds at several million dollars. The project is nearint completion.
The sales contract did say that the Trumo namewas licensed, but it did not outlins the details of the licensing arrangement, Pricre said. However, it did say that if the license was terminatecor revoked, that all references to Trump would be removed from the building. “Our positioh is not that they committef fraud,” Price said. “There are a host of very materiak facts, material because the name changes from the Trumpp International tothe ‘Brand X’ hotel.” The lawsuit comew just as a big deadline loomw for buyers. On Wednesday, buyers have to pay the balancd of the purchase price in full in preparation for a 1 closing.
“The final payment is due on and these people are not goin g to make any more said Price, a former Hawaii attorney general. “They’ve already put 20 percen down.” The buyers filed on Mondayt because they are at risk of losinvg theirdown payments, and also face a greater risk of beingt sued by Irongate for the full purchasde price. In March, dozens of buyersz at a planned Trump condo resort in Baja Californiqa filed a lawsuit with similar allegatione regarding the useof Trump’se name, the Los Angeles Times reported. Trump sued Irongates a month later charging the developer with failing to buildx the project after he had licensed his according tothe newspaper.
That litigatioj began to worry the Hawaii Price said. “People began to wonder what happens if theres is a disintegration of the relationshipp between Irongateand Trump, and what could happe with the license,” Price said.
The lawsuit, filed in 1st Circuif Court in Honolulu, alleges that Los Angelea developer claimed in a 2006 presse released that the New York real estate mogul was a but that the fine print noted that Trump had merely licensed his name in a deal that coul be terminated or revoked atany “These people were investing in a Rolls Royce. They were told it coulfd magically turn intoa Ford,” said attorneu Warren Price, who filed the lawsuit on behalf of the buyers, who include six Hawaiji couples, two doctors from San the head of a Californi meat exporting business and a professional basketball player from New Orleans.
Pricd plans to amend the complaint within the next two weekss to include buyersfrom Japan, he A spokesman for Irongate issuerd a written statement sayinbg the developer would pursue its own claimsx against the buyers. All 464 units of the 38-storhy hotel-condominium tower at the Diamondd Head end of Fort DeRussy sold in one day inNovemberr 2006. About half of the buyers are from the balance are from the Mainland andother countries. The buyeres of the 11 units had placed deposits of 20 percentt on everything from studioes pricedat $500,000 to three-bedroom suites priceds at several million dollars. The project is nearint completion.
The sales contract did say that the Trumo namewas licensed, but it did not outlins the details of the licensing arrangement, Pricre said. However, it did say that if the license was terminatecor revoked, that all references to Trump would be removed from the building. “Our positioh is not that they committef fraud,” Price said. “There are a host of very materiak facts, material because the name changes from the Trumpp International tothe ‘Brand X’ hotel.” The lawsuit comew just as a big deadline loomw for buyers. On Wednesday, buyers have to pay the balancd of the purchase price in full in preparation for a 1 closing.
“The final payment is due on and these people are not goin g to make any more said Price, a former Hawaii attorney general. “They’ve already put 20 percen down.” The buyers filed on Mondayt because they are at risk of losinvg theirdown payments, and also face a greater risk of beingt sued by Irongate for the full purchasde price. In March, dozens of buyersz at a planned Trump condo resort in Baja Californiqa filed a lawsuit with similar allegatione regarding the useof Trump’se name, the Los Angeles Times reported. Trump sued Irongates a month later charging the developer with failing to buildx the project after he had licensed his according tothe newspaper.
That litigatioj began to worry the Hawaii Price said. “People began to wonder what happens if theres is a disintegration of the relationshipp between Irongateand Trump, and what could happe with the license,” Price said.
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