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Industrial Property Brokers and Colliers International complete sale for $10 million in Fostoria PDF Print E-mail
Written by Delphos   
Thursday, September 04, 2014 10:34 AM

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Fostoria, Ohio – Industrial Property Brokers and Colliers International in Greater Cincinnati are pleased to announce the completed sale of an industrial warehouse at 130 W. Jones Road in Fostoria, Ohio, for $10 million.

The 588,000-square-foot industrial property was sold by Herb Krumsick to an undisclosed buyer. Tim Echemann, SIOR, CCIM, President of Industrial Property Brokers and Norm Khoury, CCIM, SIOR, Brokerage Senior Vice President with Colliers International in Greater Cincinnati, represented the seller in the transaction. “We have seen an uptick in industrial activity in areas surrounding Fostoria,” said Echemann. “This is the first large property sale the community has seen in sometime. It’s a positive sign for more transactions to move forward.”

The 558,000-square-foot warehouse property sits on 12.625 acres and was almost full leased at the time of the sale by a variety of tenants. Krumsick is one of the top investment brokers in the U.S. and has been in real estate investment for 45 years. He and his other principal partners, Dan Carney, the founder of Pizza Hut, and Ken Wagnon, who owns Capital Enterprises (150 Pizza Huts, Freddy’s Steakburgers and other restaurants concepts), bought the building when it was vacant. The investors quickly rehabbed the building; painted it, laid new asphalt in the parking lots, replaced damaged sheet insulation, fixed and installed T5 lighting and completed other general property maintenance. About six months after they purchased the facility, the entire building was leased to Ohio Logistics and H.J. Heinz. During the down turn in the economy a few years ago, there was a significant amount of vacancy in the building. Today the property is 95% occupied. “This has been a good investment for us. We are very pleased that we were able to turn it around and fully lease the facility and eventually sell it,” stated Krumsick.

Krumsick added, “We also owned the 488,000 square foot. warehouse located at 110 E. Jones which we purchased at about the same time. We rehabbed that building and leased it to Arm & Hammer. We sold that building last year to an investment group that is Boston based.”

Khoury added that “it’s great to see tertiary cities along the I-75 Corridor, like Fostoria, making strides in commercial real estate.” Khoury and Echemann have worked together for more than 20 years in the Industrial/Commercial real estate industry, specifically in the marketing of industrial properties along the I-75 corridor.

 
7 cardinal rules to retirement planning PDF Print E-mail
Written by Delphos   
Thursday, September 04, 2014 10:33 AM

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An onslaught of retiring baby boomers; the uncertain duration of Social Security funding; difficulty with workplace retirement accounts like 401(k)s – even if these factors were stronger than they are now, you’d still have a heavy burden in managing your finances during retirement, says financial planner Carl Edwards.

“Financial planning for retirement has always been a daunting prospect; the current landscape simply makes your preparation that much more crucial in using your assets well,” says Edwards, a highly credentialed consultant and owner of C.E. Wealth Group, (http://www.cewealth.com).

“Many advisors and clients rely too much on single product lines. This misuse often gives products and the financial industry in general a bad name. Advisors who are restricted in the types of financial products they can offer or understand may not provide the best advice. Independent and credentialed planners, on the other hand, don’t have their hands tied in what they can offer clients and may provide better advice.”

Edwards reviews seven essential points that everyone should know regarding retirement planning.

• Avoid trying to time the market. Markets often move in cycles and some investors believe that they can boost their investment returns by buying at the bottom and selling at the top. The problem is that investors are terrible at correctly predicting market movements and multiple studies have shown that market timers usually end up with significantly smaller retirement savings than buy-and-hold investors. While it can be stressful to see your portfolio plummet during a market correction, it’s important to stay calm and focus on your long-term strategy.

• Use risk-appropriate financial vehicles. Retiring can be a risky business. The days of relying on employer-provided pension plans are largely over and retirees now have to deal with risks including investment, inflation, healthcare, longevity and others. Though the total elimination of risk isn’t possible, we can manage many of them through competent retirement planning and a clear understanding of factors like your goals, time horizon and financial circumstances.

• Invest in the most tax-efficient manner. Taxes can take a big bite out of investment returns, which is why we stress tax-efficient planning with our clients. While taxes are just one piece of the overall financial puzzle, it’s important to structure your investments so that you are able to keep what you earn.

• Complete a cash flow analysis. Retirement will involve major changes to your finances. Sources and timing of income will change and financial priorities may shift as you start generating income from retirement savings. A cash flow analysis will identify spending patterns and help ensure that you have enough income to support your retirement lifestyle.

• Guarantee your required income. For many retirees, having income that is not subject to market fluctuations is an important part of their retirement plan. Many will have at least some level of guaranteed income from Social Security or defined benefit pension plans. However, if you are worried that your expenses exceed your guaranteed income, a financial advisor can help you explore options for additional streams of income for life. Guarantees are subject to the paying ability of the income provider.

• Utilize longevity planning. Today’s retirees are living longer than ever and many worry about outliving their assets. Longevity planning is about preparing for a happy, comfortable and independent retirement and can help ensure that your wealth lasts as long as you need it to.

• Consider the effects of inflation. Inflation is one of the biggest issues facing retirees because they are disproportionately affected by rising prices. Escalating food, fuel and medical costs can devastate a retirement portfolio unless these costs have been factored into your planning. Positioning your retirement portfolio to fight inflation is critical to ensuring adequate income in retirement.

 

(Carl Edwards, MBA, ChFC®, is a Chartered Financial Consultant® and is the owner of C.E. Wealth Group, (http://www.cewealth.com). He has passed the Series 7, Series 66 and Series 63 securities industry exams. In addition, he has passed the Series 24 principal exam. He represents High Street Asset Management as an Investment Adviser Representative and Calton & Associates, Inc. as a Registered Representative. Edwards is also a licensed insurance agent in Life, Health, Medicare Supplement and Long Term Care insurances.)

 
Ruse named honorary chairman of Findlay•Hancock County Chamber Golf tournament PDF Print E-mail
Written by Delphos   
Thursday, September 04, 2014 10:32 AM

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FINDLAY - The Findlay•Hancock County Chamber of Commerce has invited Bill Ruse, president and CEO of Strategy and Solutions, LLC, to be recognized as the honorary chairman at this year’s Chamber Golf Tournament on September 8, at the Findlay Country Club. Ruse was selected for his commitment and dedication not only locally but abroad most notably from his work at the Blanchard Valley Health System, former Chairman of the Chamber of Commerce in 2000 and 1993, and his leadership through the Findlay Rotary Club.

Bill retired from Blanchard Valley in 2001 after serving as its President and CEO for 36 years. In recognition of his years of leadership, Blanchard Valley named its new 65,000 square foot building on its Findlay hospital campus the “William E. Ruse Center”. A Rotarian since 1983 and a member of the Findlay Rotary Club, Bill has served as the Club’s President and chaired the Past President’s Committee. In addition, he’s served as an Assistant Governor of Rotary International, and became the Governor of Rotary’s District 6600, overseeing 67 clubs, for the 2003/2004 Rotary year. He has been active in many national, state and community organizations including the Findlay Hancock County Chamber of Commerce, United Way of Hancock County, Salvation Army of Findlay, Red Cross of Hancock County, Hancock County Safety Council, Findlay Development LLC, and The University of Findlay.

“Bill always has been and continues to be actively involved in the local business community not to mention his global humanitarian outreach through Rotary”, said Dionne Neubauer, Director, Findlay•Hancock County Chamber of Commerce. “As a visionary and great leader, it is with great pleasure that we honor him at the Chamber Tournament.”

A division of the Findlay-Hancock County Alliance, the proceeds from the golf tournament will go toward the overall mission of the organization to drive growth and prosperity in the Findlay/Hancock County region by providing resources to local small-to-large businesses, and improve economic opportunities for all. Registration deadline is August 29. For more information on the outing, contact the Chamber of Commerce at 419-422-3313, or visit FindlayHancockChamber.com.

 

(The Findlay•Hancock County Alliance is a partnership bringing growth and prosperity to the Findlay/Hancock County community. Through a strong economic development focus, leadership programs, business building initiatives and volunteer opportunities, the Alliance helps position its community among the best micropolitan communities in the United States. The Alliance is a blend of the area’s best resources including the Findlay•Hancock County Chamber of Commerce, Findlay-Hancock County Economic Development and the Hancock County Convention & Visitors Bureau.)

 
Conley joins Dickman Supply as Branch Manager PDF Print E-mail
Written by Delphos   
Thursday, September 04, 2014 10:31 AM

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Industrial and Electrical supplier Dickman Supply is bringing additional experience to its Marysville store with the recent addition of Bill Conley. Conley has taken on the role of Branch Manager and brings 18 years of experience in electrical distribution with him. Bill is a 1998 graduate of The Ohio State University, beginning in the electrical distribution industry as an intern while at Ohio St.

Many area businesses will recognize Conley from his most recent position as an agent with Concept Sales, where he represented 12 of the industry’s top manufacturers in the greater Columbus area.

According to Dickman Vice-President, Chris Geise, “We are excited to have Bill joining our Marysville team. His knowledge and experience in the market will enhance the support we provide to customers at our newest location as we continue to grow in the Marysville area.”

 

Dickman Supply, which opened in Marysville in October of 2013 at 548 N Main Street, is one of the largest independently-owned and operated electrical and industrial suppliers in the state of Ohio, serving contractors, commercial, and industrial companies in West and Central Ohio and also Eastern Indiana from their locations in Sidney, Greenville, Celina, and Marysville.

 
3 proven management techniques that work in any business PDF Print E-mail
Written by Delphos   
Thursday, September 04, 2014 10:30 AM

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In business, the only thing that matters is what works, says Peder Johnsen, a third-generation specialist in senior living communities.

“The people in your company who are dealing with your customers – the clerks, the caregivers, the customer service reps – are where the rubber meets the road,” says Johnsen, CEO of Concordis Senior Living, www.concordisseniorliving.com, which owns, operates and develops senior housing communities.

“That’s why it’s essential for the company leaders, the men and women in the offices that are often far from the front lines, to be where the action is on a regular basis,” he says.

Concordis’ specialties include managing senior-living communities for other owners and developers, an art it has perfected, Johnsen says.

“We developed certain practices over the decades, first by building assisted-living communities and then by operating them,” he says. “These practices work in any business because they keep the leadership actively involved in what’s going well – and not – on the front lines, and provides a system for regular communication through all layers of the company.”

Johnsen offers these tips for management that produces excellent results:

• Identify the influencers in each work group. As with most businesses, senior living communities require teams of staff, from administrators to housekeepers and everyone in between. Within the various groups that make up your business, identify the key players – the people who influence others’ behavior, whether or not they hold a title or official authority. Meet with them on a regular basis so you can stay plugged in to what’s happening on the front lines.

• Identify areas that need improvement. Talk to them about systems and areas that need to be fixed, overhauled or eliminated, and about how team members are working together. They’ll often have ideas for innovations. The idea is not to look for people or problems to blame, but to work together to develop solutions and improve the team’s overall efforts.

“The information you get in speaking with these key players is invaluable,” Johnsen says. “There may be nothing at all wrong, which is great, but these meetings give you, the CEO or manager, the information you need to constantly improve. It also reinforces the message to employees that they and their ideas are valued members of the team.”

• Figure out those “wildly important goals.” You can have the best people in the field working for you, yet if they’re not specifically guided to a certain goal, they are putting their time and effort toward an end that they’re assuming is correct. CEOs and other upper-level managers have the 30,000-foot view, so it’s up to them to guide everyone beneath them.

“Short-term priorities may change slightly or drastically on a regular basis,” Johnsen says. “Your team may be self-sufficient, but their vision is limited to their daily duties. If they don’t know that a goal or objective has changed, they can’t work toward it.”

 

(Peder Johnsen is the CEO of Concordis Senior Living, www.concordisseniorliving.com, which owns, operates and develops senior housing communities. He’s a third-generation assisted-living specialist whose grandfather and father built one of the first contemporary-style ALFs in Florida more than 30 years ago. Johnsen took over administration of two small facilities at age 18. Today, he runs the full spectrum of ALFs – from “ALF lites,” where most residents live very independent lifestyles but know assisted-living services are available if they should need them, to homes specializing in care for residents with Alzheimer’s and dementia. He is an industry leader in staff development and training, and has overseen the development, acquisition and financing of several communities.)

 
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