PNC sells Dupont branch for $60.75 million PNC Bank has sold its Dupont Circle branch to a Dallas-based pension fund adviser for $60.75 million, marking the second time in a year that PNC has dispatched a former Riggs Bank branch.
L&B Realty Advisors LLP acquired 1913 Massachusetts Ave. NW, a fully-leased, 48,447-square-foot building, on behalf of one of its pension fund clients, said Paul Noland, L&B's director of acquisitions. The sale, recorded Wednesday, amounts to $1,253 per square foot.
PNC has signed a fresh 15-year lease on its…
Wed, 04 Mar 2015 22:23:40 +0000 Quiksilver postpones release of first-quarter earnings report Surf apparel maker Quiksilver Inc. said it has postponed the release of its first-quarter earnings report because of a possible error that was noticed by management.
The Huntington Beach-based company said it also is postponing its earnings conference call and webcast previously scheduled to take place on March 5 due to a "revenue cut-off issue" identified by management and brought to the attention of the audit committee.
The news sent shares of Quiksilver plummeting by nearly 14 percent Wednesday…
Wed, 04 Mar 2015 22:22:21 +0000 Uber still calling for full repeal of San Antonio’s ride-sharing ordinance Some City Council members are hopeful San Antonio can reach a compromise on a reworked ride-sharing ordinance that will keep companies like Lyft and Uber from exiting the market.
However, it appears proposed changes to the ordinance, approved in December, may not be enough to satisfy at least one of those operators.
Uber Texas General Manager Chris Nakutis issued a statement on Wednesday afternoon critical of San Antonio's handling of the regulatory process.
"The regulations adopted in December…
Wed, 04 Mar 2015 22:22:01 +0000 Report: Freescale targeted by a second possible suitor NXP Semiconductors NV wasn't the only company looking to buy Austin-based Freescale Semiconductor Inc.
Singapore- and California-based Avago Technologies Ltd. was in discussions to acquire Freescale last month, Reuters reported Wednesday, citing four sources familiar with the situation.
Avago, which reports a market capitalization of $32 billion, had lined up banks to finance an offer. However, it ended negotiations when Freescale shares surged above $36 on Feb. 13 after the New York Post reported…
Wed, 04 Mar 2015 22:20:19 +0000 SWACO hires Battelle to craft solid waste diversion plan The Solid Waste Authority of Central Ohio has hired Battelle for a $57,000 first phase of a study that could add another $500,000 to identify strategies and technology to turn 1 million tons of waste a year into a valuable commodity instead of burying it in the Franklin County landfill.
A year ago, SWACO had said it found that answer in Team Gemini LLC, a Florida developer planning a waste-sorting facility and a green energy industrial park. The company is behind in payments to the agency, but new…
Wed, 04 Mar 2015 22:19:19 +0000 Toyota promotes U.S. executives Japanese car maker Toyota has announced executive changes across its North American operations that it says will diversify its global leadership and further strengthen regional integration in North America so it can respond more quickly and effectively to customers' needs.
The changes, effective April 1, include giving James Lentz the additional title of president of Toyota Motor Engineering & Manufacturing, North America, Inc. (TEMA). Lentz currently is senior managing officer of Toyota Motor Corp.…
Wed, 04 Mar 2015 22:19:16 +0000 When it comes to boosting email responses, size and looks matter Great subject lines intrigue customers to open your email. Engaging content holds their attention. But what is it that makes them take the next step — click on the links and take you up on your offers?
Compelling content and offers aside, the actual length of the message and the number of images in the email can influence a customer's decision to take action.
A recent analysis of more than 2.1 million emails sent by small business owners to more than 100 customers over the course of 13 weeks…
Wed, 04 Mar 2015 22:18:41 +0000 Fuhu to equip Uber cars with Nabi tablets El Segundo-based Fuhu Inc. is teaming with Uber to equip cars with its Nabi tablets for kids to create a "more family-friendly experience" for riders.
The service is launching in the Washington, D.C. area for parents using Uber's UberFamily option. Families can choose to be picked up in cars equipped with Fuhu's Nabi tablets, which feature access to the company's Nabi Pass mixed-media subscription service and Wings Unlimited educational platform.
Fuhu said the aim is to ease family travel by keeping…
Wed, 04 Mar 2015 22:18:21 +0000
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