DOCSLIB.ORG

Forest City Enterprises, Inc. 2000 Annual Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Forest City Enterprises, Inc. 2000 Annual Report Forest City Enterprises, Inc. 2000 Annual Report Terminal Tower • 50 Public Square Suite 1100 • Cleveland, Ohio 44113 Portfolio of Real Estate Nashua Cambridge Stamford New York Jackson Washington, D.C. Hampton-Newport News Los Angeles San Diego LEGEND Shopping Centers Hotels HIGHLIGHTS - JANUARY 31, 2001 Office Buildings Apartments Retail Square Feet Shopping Centers Including Anchors Under Construction Regional Offices 17,523,000 Land Development Lumber Trading Group Offices Office Buildings Leasable Square Feet NOTE: Numbers indicate properties in each market. 7,789,000 Tampa Hotels Rooms 3,040 Fort Lauderdale (1) Apartments Units Miami 36,239 (1) Includes residual interest in 6,966 syndicated affordable housing units. Forest City Enterprises, Inc. 2000 ANNUAL REPORT FINANCIAL HIGHLIGHTS Effective January 31, 2001, Forest City Enterprises, Inc. implemented a change in the presentation of its financial results from the pro-rata method of consolidation to the full consolidation method, in accordance with the Financial Accounting Standards Board’s Emerging Issues Task Force Issue No. 00-1. A discussion regarding this change is included in Note A -“Summary of Significant Accounting Policies”. Prior year amounts have been About the Cover re-presented under the full consolidation method. “If you’ve got a little time to spare, I want to take you there. January 31, Come and meet those dancing feet on the avenue I’m taking 2001 2000 (in thousands, except per share data) you to . 42nd Street.” Operating Results: - Al Dubin (lyricist) Revenues . $ 794,785 $ 698,788 Earnings before depreciation, amortization and deferred taxes (EBDT)(1) . 147,809 132,639 The luster is back on one of New York City’s busiest Net earnings . 91,637 40,802 and most immortalized streets, thanks to the cooperative Per Share: (1) redevelopment efforts of the public and private sectors. EBDT . $ 4.87 $ 4.40 Forest City’s part in the dramatic renewal of 42nd Street Net earnings . $ 3.02 $ 1.35 Weighted average common shares outstanding . 30,333 30,153 stands midway between Seventh and Eighth Avenues in Share Price: Times Square, a few doors from Disney’s refurbished New Class A . $ 41.55 $ 26.06 Amsterdam Theater and half a block from where “The Ball” Class B . 42.05 30.38 drops on New Year’s Eve. Financial Position: Our exciting new mixed-use project combines new Consolidated assets . $ 4,030,470 $ 3,666,355 construction with historic elements of the renowned Harris, Real estate, at cost . 3,526,146 3,206,642 Liberty and Empire Theaters. 42nd Street even made the Guinness Book of World Nonrecourse mortgages . 2,439,912 2,188,594 Records when the landmark Empire Theater - all 37,000 tons of it - was moved 168 Long-term debt, including senior and subordinated debt . 409,900 367,000 feet down the street to house the spectacular lobby of the AMC Theaters. Sure to Consolidated shareholders’ equity . 456,636 386,506 be a destination for New Yorkers and tourists alike, the development is anchored (1) The Company uses an additional measure, along with net earnings, to report its operating results. This measure, referred to as Earnings Before Depreciation, by the 444-room Hilton Times Square and includes 305,000 square feet of retail Amortization and Deferred Taxes (“EBDT”), is not a measure of operating results or cash flows from operations as defined by generally accepted accounting principles and may not be directly comparable to similarly-titled measures reported by other companies. The Company believes that EBDT provides additional and entertainment space. We have already welcomed such top names as Madame information about its operations and, along with net earnings, is necessary to understand its operating results. The Company’s view is that EBDT is an indicator of the Company’s ability to generate cash to meet its funding requirements. EBDT is defined as net earnings before extraordinary gain, excluding Tussaud’s Wax Museum and HMV Records. the following items: i) provision for decline in real estate; ii) gain (loss) on disposition of properties and other investments; iii) beginning in the year ended January 31, 2001, the adjustment to recognize rental revenues and rental expenses using the straight-line method; and iv) noncash charges from Forest City Rental Properties Corporation for depreciation, amortization and deferred income taxes. With retail, office, hotel and residential projects in all five boroughs, Forest City is one of the most active developers in New York City. EBDT Real Estate, at Cost For the years ended January 31, (in millions) As of January 31, (in billions) CONTENTS Page 2. Letter to Shareholders Page 6. Strategic Business Unit Discussions Page 22 . Portfolio of Real Estate Page 26. Selected Financial Data and Report of Independent Accountants Page 29 . Consolidated Financial Statements Page 34 . Notes to Consolidated Financial Statements ■ Pro-Rata ■ Full-Consolidation Page 59 . Quarterly Consolidated Financial Data Forest City Enterprises, Inc. is principally engaged in the ownership, development, acquisition and management of commercial Page 60 . Management’s Discussion and Analysis and residential real estate throughout the United States. The Company owns properties in 22 states and the District of Columbia. Forest City also conducts land development projects and is one of the nation’s largest lumber wholesalers. The Company’s Class A and Class B common shares are listed on the New York Stock Exchange – FCEA and FCEB. The Company’s primary markets include Boston, Chicago, Cleveland, Denver, Las Vegas, Los Angeles, New York, Philadelphia, Pittsburgh, Richmond (Virginia), San Francisco and Washington D.C. Forest City Enterprises Inc. • 2000 Annual Report 1 Dear Fellow Shareholders Forest City had an excellent year in 2000. Revenues, Earnings Before Depreciation, Amortization over” during the year, was 19.4 percent. Within the Commercial Group, sales in the retail portfolio and Deferred Taxes (EBDT), EBDT per share, and shareholders’ equity - all reached record levels. increased 1.8 percent from last year to $355 per square foot. Year-end occupancies were strong across EBDT increased 10.7 percent to $148 million, or $4.87 per share, marking the 21st consecutive all major business units with retail at 92 percent, office at 97 percent and residential at 95 percent. year of increases. Consolidated revenues increased 13.7 percent and real estate revenues were up In addition to managing occupancies, rents and expenses for NOI growth, we continually analyze our 24 percent compared with the prior year. During the past five years, our shareholders’ equity has grown portfolio to determine when properties reach the point where the majority of the value created has been to $456 million from $189 million, and increased 18.1 percent from the prior year. Our cumulative realized and we could better employ the proceeds elsewhere. In 2000, we remained true to this strategy EBDT was $595 million for the same five-year period. and disposed of five properties. For two of these assets, we believed we could no longer add value. The A primary objective at Forest City is to continually improve shareholder value. We believe consistent other three were high-quality assets where we realized exceptional value and were structured as tax-deferred performance over time will be rewarded in the marketplace. Our share price posted a 30.1 percent exchanges, enabling us to reinvest the proceeds into higher yielding projects. The sales of these five annualized total return over the last five years and is testimony to our focus on long-term value creation. properties resulted in a net gain, after tax, of $16.7 million and generated $45 million for reinvestment. In the short-term, our shares generated a 40.8 percent return for the calendar year 2000, outperforming the broad market, real estate stocks in general and our peer group. Dividends declared in 2000 totaled Targeted Markets With Select Products 23 cents per share, up 21 percent from last year, representing the sixth consecutive year of increases. Portfolio Additions As a real estate developer, our growth depends on continued improvement in our existing properties, We added 17 properties to our portfolio in 2000. Our 12 new developments and five acquisitions portfolio additions from new development and timely acquisitions. We had a very active year in 2000 furthered our strategy of concentrating on projects in targeted markets, particularly the New York City with the addition of 17 properties and five property dispositions. We added interests in 488,000 metropolitan area. We added interests in: (i) 3,245 residential units located primarily in New York, square feet of new commercial space, 907 hotel rooms in two projects and more than 3,000 residential California, Virginia and Florida, representing a cost of $332 million, (ii) 401,000 square feet of retail and supported-living units. Our estimated average stabilized unleveraged return on these property projects located in four different boroughs of New York City, at a cost of $67 million and (iii) 907 hotel additions was 10.9 percent on a total cost of $535 million at the Company’s share. rooms in Manhattan, representing a cost of $131 million. At year end, our development and construction program had 14 projects under construction totaling One of the big stories in 2000 occurred in the Residential Group, where we completed one of our $545 million at our share of the cost and more than 20 projects under development, ensuring our future most active years with 10 additions to our portfolio – five developments and five acquisitions. Six of growth. Total real estate, at Forest City’s pro-rata share of cost, grew to $3.8 billion. During the past five these were in the supported-living business, including five in the greater New York City metropolitan years, we opened or acquired 62 projects, representing a total cost of more than $1.5 billion at our share.
Load more

Recommended publications
  • Prom 2018 Event Store List 1.17.18
    State City Mall/Shopping Center Name Address AK Anchorage 5th Avenue Mall-Sur 406 W 5th Ave AL Birmingham Tutwiler Farm 5060 Pinnacle Sq AL Dothan Wiregrass Commons 900 Commons Dr Ste 900 AL Hoover Riverchase Galleria 2300 Riverchase Galleria AL Mobile Bel Air Mall 3400 Bell Air Mall AL Montgomery Eastdale Mall 1236 Eastdale Mall AL Prattville High Point Town Ctr 550 Pinnacle Pl AL Spanish Fort Spanish Fort Twn Ctr 22500 Town Center Ave AL Tuscaloosa University Mall 1701 Macfarland Blvd E AR Fayetteville Nw Arkansas Mall 4201 N Shiloh Dr AR Fort Smith Central Mall 5111 Rogers Ave AR Jonesboro Mall @ Turtle Creek 3000 E Highland Dr Ste 516 AR North Little Rock Mc Cain Shopg Cntr 3929 Mccain Blvd Ste 500 AR Rogers Pinnacle Hlls Promde 2202 Bellview Rd AR Russellville Valley Park Center 3057 E Main AZ Casa Grande Promnde@ Casa Grande 1041 N Promenade Pkwy AZ Flagstaff Flagstaff Mall 4600 N Us Hwy 89 AZ Glendale Arrowhead Towne Center 7750 W Arrowhead Towne Center AZ Goodyear Palm Valley Cornerst 13333 W Mcdowell Rd AZ Lake Havasu City Shops @ Lake Havasu 5651 Hwy 95 N AZ Mesa Superst'N Springs Ml 6525 E Southern Ave AZ Phoenix Paradise Valley Mall 4510 E Cactus Rd AZ Tucson Tucson Mall 4530 N Oracle Rd AZ Tucson El Con Shpg Cntr 3501 E Broadway AZ Tucson Tucson Spectrum 5265 S Calle Santa Cruz AZ Yuma Yuma Palms S/C 1375 S Yuma Palms Pkwy CA Antioch Orchard @Slatten Rch 4951 Slatten Ranch Rd CA Arcadia Westfld Santa Anita 400 S Baldwin Ave CA Bakersfield Valley Plaza 2501 Ming Ave CA Brea Brea Mall 400 Brea Mall CA Carlsbad Shoppes At Carlsbad
    [Show full text]
  • Amtrak Saved from Bankruptcy Marpasks for GAO Trains Regain a Future in an 11Th-Hour Move, the U.S
    ' ~§§§(fO~§[fil [Fd§~~ [M]§OD1J8 ·'(l\11ehig~n Ohio • Indiana Issue 128 November 1997 Amtrak saved from bankruptcy MARPasks for GAO Trains regain a future In an 11th-hour move, the U.S. Congress has saved Am­ investigation trak from an almost -certain bankruptcy by passing the Am­ trak reform and reauthorization bill. The measure passed In a letter to U.S. Senator Spen­ both the Senate and House of Representatives without any cer Abraham (R-Michigan), objection. With the clock ticking down to a holiday re­ MARP has asked for a General Ac­ cess, Republicans and Democrats negotiated an agreement counting Office (GAO) investiga­ that drew support from interest groups that were at odds tion and assessment of the effec­ only days earlier. tiveness ofAmtrak's management. Amtrak's access to $2.3 billion in capital investment The request was prompted by the funds, included in the Taxpayer Relief Act of 1997, was fall schedules for the Chicago-De­ tied to passage of the reform bill. The capital funds are troit corridor, which went into ef­ needed to retire old debt and to upgrade aging facilities fect Oct. 26. and rolling stock. Without these, Amtrak was facing the The new schedules are the long­ prospect having to go back to unsympathetic creditors in est in Amtrak's history, and, at six December, which probably would have forced Amtrak to hours (Chicago-Detroit), are even file for bankruptcy. longer than they were in the days of Penn Central. After over $100 mil­ It is quite likely that, if Amtrak had filed for bankruptcy, ., a large portion of the national system would have been lion of track and signal work by the -' linnirl<=>tf>rl to n<=>v off rrPrlitor<:: Tn<:tP<=>rl A rntr<=>k h!'l<:: <::nrl- State of Michigan and Amtrak over - x-~-~..,...----~~~I~-.:t D.l.-.;;;; ~I~ ~··e- prospect having to go_back to unsympathetic creditors in est in Amtrak's history, and, at six December, which probably would have forced Amtrak to hours (Chicago-Detroit), are even file for bankruptcy.
    [Show full text]
  • IN the SUPREME COURT of OHIO STATE of OHIO, : Case No. 2014-0313 : Appellee, : : Death Penalty Case - Vs - : : RICHARD JAMES BEASLEY, : : Appellant
    Supreme Court of Ohio Clerk of Court - Filed February 06, 2015 - Case No. 2014-0313 IN THE SUPREME COURT OF OHIO STATE OF OHIO, : Case No. 2014-0313 : Appellee, : : Death Penalty Case - vs - : : RICHARD JAMES BEASLEY, : : Appellant. : On Appeal from the Summit County Court of Common Pleas Summit County, Ohio, Case No. CR201201069 MERIT BRIEF OF APPELLEE STATE OF OHIO SHERRI BEVAN WALSH (#0030038) TYSON FLEMING* (#0073135) Summit County Prosecutor *Counsel of Record 53 University Avenue OHIO PUBLIC DEFENDER’S OFFICE Akron, OH 44308 250 E. Broad Street, Suite 1400 330-643-2800 (voice) Columbus, OH 43215 330-643-8277 (facsimile) 614-644-9651 (voice) 614-644-0708 (facsimile) Special Assistant Summit County Prosecutor [email protected] THOMAS E. MADDEN (#0077069) DANIEL PAUL JONES (#0041224) Senior Assistant Attorney General OHIO PUBLIC DEFENDER’S OFFICE 150 E. Gay Street, 16th Floor 250 E. Broad Street, Suite 14001 Columbus, OH 43215 Columbus, OH 43215 614-995-3234 (voice) 614-466-5394 (voice) 866-239-5489 (facsimile) 614-644-0708 (facsimile) [email protected] [email protected] STEPHEN MAHER* (#0032279) RANDALL LEE PORTER (#0005835) *Counsel of Record OHIO PUBLIC DEFENDER’S OFFICE Senior Assistant Attorney General 250 E. Broad Street, Suite 1400 [email protected] Columbus, OH 43215 614-466-5394 (voice) Counsel for Appellee, State of Ohio 614-644-0708 (facsimile) [email protected] Counsel for Appellant, Richard Beasley TABLE OF CONTENTS TABLE OF CONTENTS ................................................................................................................
    [Show full text]
  • The Afterlife of Malls
    The Afterlife of Malls John Drain INTRODUCTION teenage embarrassments and rejection, along with fonder It seems like it was yesterday: Grandpa imagined the search memories – from visiting Mall Santa to getting fitted for my for some new music would distract him from an illness prom tux. that was reaching its terminal stage. This meant a trip to the Rolling Acres Mall at Akron’s western fringe; probably Some spectators interpret the decline of malls as a signal the destination was a Sam Goody, which in 1996 was as that auto-oriented suburban sprawl is finally unwinding. synonymous with record store as iTunes is with music today. Iconoclasts might attribute their abrupt collapse to a Grandpa bought a couple tapes and then happily strolled conspiracy of “planned obsolescence,” or even declare this the mall concourse. But his relief quickly faded; he slowed a symptom of a decadent society. Some will fault today’s his clip and sidled into a composite bench-planter on a politics or the Great Recession (anachronistically, in most carpeted oasis, confessing, “I am so tired.” cases). Some attribute the decline to a compromised sense of safety among crowds of people who aren’t exposed Grandpa and his cohort – the rubber workers – have mostly to an intensive security screening (certainly the violent vanished from Akron. The Rolling Acres Mall is abandoned. incidents in Ward Parkway Mall in Kansas City2 or the City The so-called “shadow retail” that gradually built up around Center in Columbus3 lend some credence to this view that the mall is today the shadow of a ghost.
    [Show full text]
  • 09 WBB Guide.Indd
    TABLE OF CONTENTS GENERAL INFORMATION Table of Contents 1 City of Akron, Ohio 2 The Akron Advantage 3 Colleges and Law School 4 Diversity and Student Support 5 Dr. Luis M. Proenza, President 6 2009 Board of Trustees 7 This is Akron Basketball 8-9 This is Rhodes Arena 10-11 UA Athletics Mission Statement / Athlete Involvement 12 Akron Athletics Accomplishments 13 COACHING STAFF Head Coach Jodi Kest 14-15 Associate Head Coach Curtis Loyd 16 Assistant Coaches / Support Staff 16-17 2009-10 SEASON PREVIEW Roster Information 20 TV / Radio Roster 21 Season Outook 22-23 Returner Profiles 24-39 Newcomer Profiles 40-41 MAC Composite Schedule 42 Opponent Information / Lodging Schedule 43 2008-09 SEASON REVIEW Season Statistics 46-49 Career Game-by-Game 50-51 Game Recaps / Box Scores 52-61 AKRON RECORDS & HISTORY All-Time Letterwinners 63 Annual Leaders 64-65 Team Records 66 Single-Game Records 67 Season Records 68 Career Records / All-Americans / Coaching History 69 Team Records 70 Postseason History 71 Year-by-Year Team Statistics 72 All-Time Series Records 73 Year-by-Year Results 74-78 THE UNIVERSITY Quick Facts / Media Policies 80 Tom Wistrcill / Senior Staff 81 ISP Sports Network 82 ISP / Corporate Sponsors 83 Staff Directory 84-85 Mid-American Conference 86-87 Media Outlets 88 CREDITS Writing, Layout and Design: Paul Warner Editorial Assistance: Amanda Aller, Gregg Bach, Mike Cawood Cover Design: David Morris, The Berry Company Photography: John Ashley, Jeff Harwell Printing: Herald Printing (New Washington, Ohio) Follow Akron women’s Basketball on the offi cial web site of UA athletics, www.GoZips.com.
    [Show full text]
  • RICHARD BEASLEY Appellant
    rii %^^L IN THE SUPREME COURT OF OHIO STATE OF OHIO Appellee, CASE NO. 14-0313 -vs- RICHARD BEASLEY Death Penalty Case Appellant. ;"I' ". R ';l H; ; On Appeal from the Court of Common Pleas, Summit, Ohio Case No. CR-2012 01 0169(A) APPENDIX TO MERI'I' BRIEF OF APPELLANT RICHARD BEASLEY Office of the Summit County Prosecutor Office of the Ohio Public Defender SHERI BEVAN-WALSH - 0012084 RANDALL PORTER - 0005835 Hamilton County Prosecutor Assistant State Public Defender Office of the Summit County Prosecutor TYSON FLEMING - 0073135 Summit County Safety Building Assistant State Public Defender 53 University Avenue, 6th Floor Akron, Ohio 44308 DANIEL JONES - 0041224 (330) 643-7459 Assistant State Public Defender and Office of the Ohio Public Defender 250 East Broad St., Suite 1400 THOMAS E. MADDEN - 0077019 Columbus, Ohio 43215 Counsel of Record (614) 466-5394 (614) 644-0708 (FAX) STEPHEN MAHER - 0032279 Randall.Portergopd.ohio. gov. Tyson.Flemingkopd.ohio.gov Special Summit County Prosecutors Daniel.Jones(cr,opd.ohio. ov Office of the Ohio Attorney General 150 E. Gay Street, 16th Floor Columbus, Ohio 43215 (614) 728-7055 COUNSEL FOR APPELLEE COUNSEL FOR APPELLANT INDEX TO APPENDIX OF RICHARD BEASLEY Notice of Appeal ............................................................................................................. A-1 Journal Entry ................................................................................................................... A-4 Sentencing Opinion ......................................................................................................
    [Show full text]
  • CBL & Associates Properties 2012 Annual Report
    COVER PROPERTIES : Left to Right/Top to Bottom MALL DEL NORTE, LAREDO, TX CROSS CREEK MALL, FAYETTEVILLE, NC BURNSVILLE CENTER, BURNSVILLE, MN OAK PARK MALL, KANSAS CITY, KS CBL & Associates Properties, Inc. 2012 Annual When investors, business partners, retailers Report CBL & ASSOCIATES PROPERTIES, INC. and shoppers think of CBL they think of the leading owner of market-dominant malls in CORPORATE OFFICE BOSTON REGIONAL OFFICE DALLAS REGIONAL OFFICE ST. LOUIS REGIONAL OFFICE the U.S. In 2012, CBL once again demon- CBL CENTER WATERMILL CENTER ATRIUM AT OFFICE CENTER 1200 CHESTERFIELD MALL THINK SUITE 500 SUITE 395 SUITE 750 CHESTERFIELD, MO 63017-4841 strated why it is thought of among the best 2030 HAMILTON PLACE BLVD. 800 SOUTH STREET 1320 GREENWAY DRIVE (636) 536-0581 THINK 2012 Annual Report CHATTANOOGA, TN 37421-6000 WALTHAM, MA 02453-1457 IRVING, TX 75038-2503 CBLCBL & &Associates Associates Properties Properties, 2012 Inc. Annual Report companies in the shopping center industry. (423) 855-0001 (781) 398-7100 (214) 596-1195 CBLPROPERTIES.COM HAMILTON PLACE, CHATTANOOGA, TN: Our strategy of owning the The 2012 CBL & Associates Properties, Inc. Annual Report saved the following resources by printing on paper containing dominant mall in SFI-00616 10% postconsumer recycled content. its market helps attract in-demand new retailers. At trees waste water energy solid waste greenhouse gases waterborne waste Hamilton Place 5 1,930 3,217,760 214 420 13 Mall, Chattanooga fully grown gallons million BTUs pounds pounds pounds shoppers enjoy the market’s only Forever 21. COVER PROPERTIES : Left to Right/Top to Bottom MALL DEL NORTE, LAREDO, TX CROSS CREEK MALL, FAYETTEVILLE, NC BURNSVILLE CENTER, BURNSVILLE, MN OAK PARK MALL, KANSAS CITY, KS CBL & Associates Properties, Inc.
    [Show full text]
  • 30Th Annual All Porsche Car Show & Swap Meet 2017
    Northern Ohio Region PCA Newsletter | April 2017 Amelia Island Display Photo: Kathy Kurkov 30th Annual All Porsche Car Show & Swap Meet 2017 Literature & Toy Meet: Friday June 2nd 6PM-9PM Swap Meet & Car Show: Saturday June 3rd 8AM-3PM New, Used and Hard to Find Parts Porsche Vendors from around the country Peoples’ Choice Porsche Car Show Old and New Porsche Cars on Display Check stoddard.com for details or contact Linda 1-800-342-1414 Ext.238 for booth space reservation. Stoddard NLA-LLC 190 Alpha Park (driveway 21) Highland Heights, Ohio 44143 USA Features The Board ........................................ 3 Staff Columns Porschephiles-Nature or Nuture 8 Pace Lap ........................................................2 Dan Engel Bryan Lingruen Amelia Island Review .................10 Anniversaries & New Members .............12 Kathy Kurkov Pat Ellert Around the Zone .........................14 Board Meeting Minutes ..........................13 Michael Soriano Jim Forcina Checkered Flag......................................... 32 Meet Chuck Resnik ...................... 17 Les Checel Member of the Month................18 Brad Kennett Happenings The Mart April Events ................................4-7 The Paddock .................................22 CIC Weekend ..............................16 Classified Ads Artwood Derby ..........................19 Support our Sponsors ................25 Advertiser’s Index Visit us on the web at www.norpca.org NOR’s website with up-to-date event schedules, downloadable forms, pictures, Voices in color, and more! Voices from the Trunk is the official publication of Northern Ohio Region (NOR) Porsche Club of America (PCA). Statements and opinions herein are those of the authors and do not neces- sarily represent the official position of NOR or PCA. Permission is granted for other PCA Regions to reprint articles, provided credit is given to the author and Voices from the Trunk.
    [Show full text]
  • Real Property Located in Akron, OH Warehouse / Commercial Building
    (As available @ 10/2012 - subject to change without notice) Real Property Located in Akron, OH Warehouse / Commercial Building 705-711 Johnston Street 5-Story Brick Building Containing Approximately 98,000 SF +/- GBA Located in Akron, Ohio Summit County Presented Exclusively by: Ag REAL ESTATE GROUP, INC. Eric M. Silver, Receiver & Broker Eric Zimmerman, Vice President ! Summit County Court of Common Pleas Case No: 2011 10 5746 Truliant Federal Credit Union vs Kontur LLC., et al CONSUMER GUIDE TO AGENCY RELATIONSHIPS Ag Real Estate Group, Inc. We are pleased you have selected Ag Real Estate Group, Inc. to help you with your real estate needs. Whether you are selling, buying or leasing real estate, Ag Real Estate Group, Inc. can provide you with expertise and assistance. Because this may be the largest financial transaction you will enter into, it is important to understand the role of the agents and brokers with whom you are working. Below is some information that explains the various services that agents can offer and their options for working with you: Representing the Sellers Most sellers of real estate choose to list their home for sale with a real estate brokerage. When they do so, they sign a listing agreement that authorizes the brokerage and the listing agent to represent their interests. As the seller’s agent, the brokerage and listing agent must: follow the seller’s lawful instructions, be loyal to the seller, promote the seller’s best interests, disclose material facts to the seller, maintain confidential information, act with reasonable skill and care, and account for any money they handle in the transaction.
    [Show full text]
  • A Covariance Structural Analysis of a Conceptual Neighborhood Model
    A COVARIANCE STRUCTURAL ANALYSIS OF A CONCEPTUAL NEIGHBORHOOD MODEL A dissertation submitted to Kent State University in partial fulfillment of the requirements for the degree of Doctor of Philosophy by Kevin A. Butler August 2008 Dissertation written by Kevin A. Butler B.S., The University of Akron, 1995 M.S., The University of Akron, 2003 Ph.D., Kent State University, 2008 Approved by __________________________________, Chair, Doctoral Dissertation Committee Milton Harvey, Ph. D. __________________________________, Members, Doctoral Dissertation Committee Michael Hu, Ph. D. __________________________________ David Keller, Ph. D. __________________________________ Mandy Munro-Stasiuk, Ph. D. __________________________________ Scott Sheridan, Ph. D. Accepted by ____________________________________, Acting Chair, Department of Geography Mandy Munro-Stasiuk, Ph. D. ____________________________________, Dean, College of Arts and Sciences Timothy S. Moerland, Ph. D. ii TABLE OF CONTENTS LIST OF FIGURES ................................................................................................................ viii LIST OF TABLES .................................................................................................................... xi ACKNOWLEDGMENTS ....................................................................................................... xiii Chapter 1. Consequences of Metropolitan Fragmentation: The Neighborhood Concept ............... 1 Introduction ...................................................................................................................
    [Show full text]
  • CCLB 12-25-06 a 81 CCLB.Qxd
    CCLB 12-25-06 A 81 CCLB 12/5/2006 12:59 PM Page 1 DECEMBER 25-31, 2006 WWW.CRAINSCLEVELAND.COM CRAIN’S CLEVELAND BUSINESS 81 Name of college or university Full-time equivalent Student/ % of enrollment Operating budget Address enrollment faculty Annual tuition undergraduate Type of institution (millions) Endowment Rank Phone/web site Fall 2006 Fall 2005 % change ratio Room & board graduate Affiliation Year founded (millions) President 29 OHIO COLLEGE OF PODIATRIC MEDICINE 311 273 13.9 26:1 24,000 0 4 year NA NA Thomas V. Melillo 10515 Carnegie Ave., Cleveland 44106 NA 100 private 1916 216-231-3300/www.ocpm.edu 30 DEVRY UNIVERSITY ᕡ 186 NA NA 10:1 12,340 62 4 year NA NA Galen H. Graham 6000 Lombardo Center, Seven Hills 44131 NA 38 private 1931 regional vice president 216-328-8754/www.devry.edu 31 ST. MARY SEMINARY & GRAD. SCHOOL OF THEOLOGY 119 117 1.7 11:1 9,000 0 4 year 2.5 39.0 Rev. Thomas W. Tifft 28700 Euclid Ave., Wickliffe 44092 6,650 100 private 1848 440-943-7600/www.stmarysem.edu 32 ASHLAND THEOLOGICAL SEMINARY/CLEVELAND CTR. 100 105 -4.8 NA 8,640 0 3 year NA NA John Schultz 4645 Richmond Road, Warrensville Heights 44128 NA 100 private 1906 216-292-1100/www.ashland.edu/seminary Originally published Oct. 9, 2006 NA=Not available. Enrollment number is for the Fall, 2005 semester. Crain’s Cleveland Business uses staff research and the most current references available to Business lists and the 2006 Book of LIST RESEARCHED BY DEBORAH W.
    [Show full text]
  • Higbee Building Cleveland, Ohio
    100 PUBLIC SQUARE HIGBEE BUILDING CLEVELAND, OHIO Rico A. Pietro, SIOR Principal 216.525.1473 [email protected] David Leb Sales Associate 216.525.1488 [email protected] 100 PUBLIC SQUARE AREA / NEIGHBORHOOD AMENITIES • EXCELLENT ACCESS TO ALL MAJOR FREEWAY SYSTEMS AND PUBLIC TRANSPORTATION • GROWING RESIDENTIAL COMMUNITY • HOME TO ALMOST 3,000 RESIDENTS • 15 HOTELS WITH OVER 3,300 ROOMS CURRENTLY AVAILABLE IN OR ADJACENT TO THE CBD WITHIN WALKING DISTANCE TO THE FOLLOWING • THE RITZ CARLTON & RENAISSANCE HOTEL • RTA CENTRAL STATION • CANAL BASIN PARK • QUICKEN LOANS ARENA • PROGRESSIVE FIELD • GREATER CLEVELAND AQUARIUM • JACOBS PAVILION AT NAUTICA 100 Public Square is a thirteen (13) story office • JACK CLEVELAND CASINO building built in 1931 to house the Higbee department • PLAYHOUSE SQUARE DISTRICT, HOME TO NUMEROUS ENTERTAINMENT store. The historic 815,000 SF building overlooks the & THEATRE VENUES AND RESTAURANTS newly renovated Public Square. Large windows pro- vide beautiful views of downtown Cleveland and the • RETAIL SHOPS Flats. It features covered and surface parking avail- • WIDE RANGE OF FOOD ESTABLISHMENTS able for tenants, major fiber optic backbones, easy • ROCK & ROLL HALL OF FAME & MUSEUM access to many restaurants, hotels, banks, shopping, • GREAT LAKES SCIENCE CENTER all public transportation (RTA), direct connectivity to • VOINOVICH PARK the Avenue at Tower City, close proximity to highways • TOWER CITY CENTER and on-site building management. 100 public square • LAKE ERIE was awarded LEED certification at the Gold level in 2010 by the U. S. Green Building Council. 1 2 100 PUBLIC SQUARE BUILD IT SAMPLE FINISHED SPACE The Historic Higbee building offers redevelopment opportunities in the Cleveland Central Business District in YOUR the newly renovated Public Square.
    [Show full text]