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Source: http://www.rgj.com/article/20130801/ENT/308010043/1056
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Sunday, August 4, 2013
Practical Advice For Your Commercial Real Estate Dealings
Many people have made it big investing in commercial property. There is no formula that is magic in providing you a successsful life. What is needed is understanding of the industry, a good amount of hard work and experience. This article has some tips to help you begin your adventure in real estate.
Make sure that you invest some time researching local income levels and other factors, such as unemployment rates or local employers plans for expanding or contracting their businesses before you invest a large amount of funds into real estate. If your house is near a hospital, university or other large employment centers, they will usually sell quicker and also, at a higher value.
Pest control is an important issue to look at when you rent or lease. Especially when you rent in an area known to be infested by bugs or rodents, ask your rental agent about pest control policies.
TIP! Take the time to be certain you are satisfied with a piece of real estate before you purchase it. Do not make impulsive decisions.
Commercial Real Estate
Consider visiting websites that contain a wealth of information beneficial to new and seasoned commercial real estate investors alike. You can never learn too much about commercial real estate, so make it your aim to always keep adding to your store of knowledge about the subject.
The location of the property is the most important factor to consider when investing in commercial real estate. Think about the neighborhood your property is located in. Look at similar neighborhoods to determine the likely growth trends over time for your property?s neighborhood. What you are seeing now in terms of commercial potential might be very different a few years from now.
TIP! An essential fundamental of commercial property is location, location, location. Neighborhood is important, even when you are looking at commercial property.
Compared with buying a home, purchasing commercial real estate requires more time, money and paperwork. The added time and effort are crucial, however, to getting the return that you want on your investment.
At first, you may be required to spend a significant amount of time on a commercial investment. It will take time to find an opportunity that is profitable, and afterwards, you may have to wait for repairs and remodeling before you can start monetizing your investment. Don?t abandon you commercial real estate venture because it currently consumes so much of your time. Once you get the property ready, you will be compensated for years to come.
Think larger when you?re thinking about two commercial properties that are viable. Regardless of which way you choose, coming up with the capital is a common factor, so often times it will be be worth digging a little bit deeper to get the larger property in order to maximize your long-term profits. However, buying several units will cause the price of an individual unit to decrease.
TIP! If you have two commercial properties on your short list, you should buy the larger one, if at all possible. Regardless of whether the property you decide on has twenty units or fifty, the process of obtaining financing will be the same, and in both cases will require substantial effort.
When starting out in commercial real estate, it is important you understand the measurement labeled Net Operating Income, or NOI for short. For the investment to be profitable, it has to produce more income than operating expenses.
Make sure your asking price is realistic. There are a number of variables that can affect the realistic value of your property.
Less Likely
TIP! When choosing brokers with whom to work, find out the amount of experience they have dealing with commercial properties. Make sure that the agent has the proper expertise with the type of real estate purchase or sale you are looking for.
If your plan is to use your commercial properties as rental properties, you should seek buildings of solid and simple construction. These types of buildings attract tenants more quickly than other buildings, as prospective tenants know that the building is less likely to have maintenance issues. These buildings also provide much easier maintenance for both the tenants and the owner, as they are less likely to require repairs.
Always make sure that utilities can be accessed from the commercial property you are looking into. Your business is sure to have unique utility requirements, but services typically required by most include sewage, water, power, telecommunications and maybe even natural gas.
When you are selling a commercial property, always make sure to include all buyers; this includes local and non-local buyers. Many people only think locals will buy their property, and that?s a mistake. There are many private investors who prefer to purchase reasonably-priced real estate that is not local to where they reside.
TIP! Make sure that you?re not asking for an unrealistic price for your property. There are many things that can impact your value greatly.
Do a walk-through of each property on your short list. Think about asking a contractor to assist you in evaluating each of the properties, since they will likely see things that you may miss. Decide on an initial offer and start negotiations. Judge the counteroffers prior to making a decision either way.
Before you move into your new space, it may need to be improved. This may be simple changes such as painting or rearranging furniture. Other changes may be more significant, such as moving walls or installing new doors. Get an agreement ahead of time about who will be financially responsible for these improvements, or at least try to have the landlord responsible for part of the cost.
It?s critical to have emergency maintenance contact information very accessible. Inquire with your landlord about who handles the emergency repairs in the space you rent. Be sure to have emergency numbers on hand, and remember to check about a quoted response time for maintenance emergencies. Use the information from your landlord to prepare an emergency plan to protect your reputation and customer service for the times when your normal business flow is disrupted.
TIP! Check out where the utility hook-ups are on any commercial property. You are going to need to sign up for utility services on your commercial property, along with the ones you have at your business.
Commercial real estate agents come in different types. You have a full service broker who works on behalf of both the tenant and landlord, then you have brokers who only work with tenants. You may be helped much more with a broker who just works with the tenant, as that person most likely has more experience in handling tenants successfully.
As long as you are willing to put forth the effort, it is possible to become very successful in the industry. Keep this information in mind and apply it to your business. Continue educating yourself about commercial real estate, and find any way you can to up your game. As you gain more experience, you increase your chances for success.
Source: http://www.maynaseric.com/practical-advice-for-your-commercial-real-estate-dealings-7
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Danny Green Talks NBA Finals Loss
Danny Green visited The Breakfast Club to talk about playing in the NBA Finals with the San Antonio Spurs, being drafted to Cleveland and getting cut after ?The Decision,? playing in the D-league and getting back in the league last year, running into the Miami Heat players at the club after the loss, and more.
Source: http://teamyee.tv/2013/08/03/danny-green-talks-nba-finals-loss/
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Saturday, August 3, 2013
China nixes patent for Gilead HIV, hepatitis drug Viread
Gilead Chairman and CEO John Martin.
The patent protecting Gilead Sciences Inc.'s HIV and hepatitis B drug Viread has been revoked by China officials.
The move, explained BioWorld, gives China greater leverage in ongoing negotiations with drug companies around pricing. For Gilead, it is another strike against Viread, which also has had its patent protection reversed in India and Brazil.
"It is a fairly groundbreaking decision," China health analyst Robert McTiernan of IHS Healthcare told BioWorld. "The big trend is that (China wants) pharma companies to be more flexible on pricing. They will likely be able to use this decision to negotiate lower prices on more drugs."
Viread, which is Foster City-based Gilead's (NASDAQ: GILD) third best-selling drug, costs 1,470 yuan, or about $240, a hefty price for most Chinese.
Gilead is led by Chairman and CEO John Martin.
Taking away Viread's patent would open the door for its active ingredient, tenofovir, to be made generically at a time when international aid organizations are cutting grants to China for fighting the AIDS virus.
Aunisco, a major Chinese manufacturer of active pharmaceutical ingredients in China, had challenged Gilead's patent, BioWorld reported. It wants to sell the drug in China and export it to countries where it is not patented.
Viread registered first-half sales of $460.5 million, 57 percent of that coming from outside the United States. GlaxoSmithKline plc (NYSE: GSK) markets and sells Viread in Asia.
Ron Leuty covers biotech, higher education and China for the San Francisco Business Times.
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CIOs can drive business innovation, says IBM chief | The African World
The pace of change in the world of IT is phenomenal. Every three months, new trends and technologies emerge that change the way people live and work. Keeping up with ongoing technological revolutions and further applying them to solve business problems has become a daunting task. This according to Hamilton Ratshefola, Sales Director for IBM South Africa.
Technological innovation, followed by application innovation, is what has the capacity to set one business apart from their competitors, allowing them to bring better products to market faster, and meet consumer needs before consumers are aware they have those needs. Innovative thinking also solves complex business problems with solutions that streamline operations and improve efficiencies.
?Ultimately, the ability to innovate will determine who operates most effectively and holds the greatest market share.? says Ratshefola
For every innovation that begins with the question: ?What can we do with this??, there are numerous possible applications. Determining which new solutions can be employed to deliver what business innovations requires supremely innovative thinking. This is where a partnership with professional innovators is called for.
IBM has the world?s biggest ?war chest? of patents and is a veteran innovator of 100 years? standing.
?IBM is in the business of revolutionising technologies for the purpose of problem-solving. Of the 450,000 global staff, more than 150,000 are in research, software development and business consulting to deliver smart solutions to business problems. In addition, in order to remain at the cutting edge of innovation, IBM has constantly reengineered itself for over a century, pioneering strategies and solutions it now passes on to business. ?
?We believe that wherever there is a system of operation in society, government or business, technological innovation has the power to improve it. This is why IBM has long moved beyond its role as a hardware giant. It is now also the world?s third-largest software company and a global consulting powerhouse. IBM?s consultants around the world are delivering advanced solutions to the most complex problems, spanning departments and capabilities, both in the public and private sector, ? adds Ratshefola.
Innovation has a knock-on effect. By innovating in one area, we are able to apply the innovation to multiple other areas.? For example, the chips developed by IBM for gaming consoles. Due to the demands of gaming, these chips are capable of running multiple processes simultaneously, in nanoseconds. Now, they are also in use in banking mainframe computers for fraud detection. Because they are capable of complex processing, they support advanced analysis to detect transaction anomalies instantly, which the actual transaction is taking place. There are numerous commercials applications for them too.
But it is beyond the scope of the average enterprise to track hundreds of thousands of new patents, assess their capabilities, and determine which of them could be applied to solving business challenges. It?s more necessary in today?s economic climate to seek the advice of expert consultants who not only understand the potential for the new technologies, but who actually invented them.
Source: http://www.theafricanworld.tv/2013/08/02/cios-can-drive-business-innovation-says-ibm-chief/
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Friday, August 2, 2013
Why can't the snakes cross the road, secret lives of baby snakes and other questions
[unable to retrieve full-text content]Researchers are conducting some of the first ever scientific studies of neonate pine snakes, performing snake surgery for radio tracking and helping snakes survive road crossings through the busy New Jersey shore traffic.
Source: http://feeds.sciencedaily.com/~r/sciencedaily/~3/0gPenz8bv7c/130802132209.htm
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'Glee' cast to film PSAs for Cory Monteith tribute
TV 
12 hours ago
GUS RUELAS / Reuters
"Glee" star Cory Monteith arrives at the "Do Something Awards" in Santa Monica.
"Glee" star Cory Monteith's castmates will film PSAs about drug abuse to air during a tribute to the late actor, Kevin Reilly, Fox's chairman of entertainment, said on Thursday.
The show and network said goodbye to the 31-year-old actor in a private memorial service last week that was "beautiful and touching," Reilly said at the Television Critics Association summer press tour. Monteith died on July 13 in a Vancouver hotel from a heroin and alcohol overdose.?
Producers now face the sad challenge of dealing with the exit of Monteith's beloved character, Finn Hudson, and how his loss will impact the last two seasons of Fox's hit musical comedy.
"This show truly was a family," Reilly said. "They went through an extraordinary experience together, young kids for the first time and (executive producer Ryan Murphy) being their sort of surrogate dad. He's been dealing with all of that, and only now are we getting down to the work."
When the show returns on Sept. 26, plans will move forward for the two-part Beatles tribute that has been in the works for several years. The exit of Finn, the quarterback-turned-glee-club leader, will be the focus of the third episode, Reilly said. It is possible producers will weave unused footage of Monteith throughout the episode, he added. But it has not been decided if the character will die of a drug overdose, Reilly said.
"Ryan will be shooting the PSAs ... the cast as cast members, as friends of his, they are going to speak directly with the audience," he said. "I think they?re going to be very, very impactful. ... What we all said (at the memorial service), what everybody knows, you see some people struggling with addiction ? it?s clear. They?re very easily put in a category: 'Oh he?s dark, oh she was always a partier.' Cory was a big open, life force. He was not a problem. Everybody loved him. He didn?t look like that. He looked straight as an arrow. He was very open about it in his past, not as open about it in the present.
"Nobody was shocked but everybody was ultimately shocked," Reilly continued. "Because it was an accident that happened to somebody struggling with an addiction. And I think hopefully that?s what can come of this ? of illuminating that particular kind of addiction. That?s what Ryan?s gonna be doing on the show. I have to give them a few weeks to get their hands around how they?re going to do it creatively on the show."
The proceeds from the music in Monteith's tribute episode will go to a fund that is being set up for the late actor, Reilly said. After the tribute episode airs, the show will be on a three-week hiatus to accommodate the World Series, Reilly said.
"He was a beautiful guy and I?ve just been saddened over the whole thing," Reilly said.
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