| ProLogis Bids A$1.24 Billion for Macquarie ProLogis (Update3)
ProLogis will pay A$1.43 per share, 12 percent more than the last price before trading was halted yesterday, according to a statement from the Denver-based company today. ProLogis will add A$2.1 billion of real estate assets owned by Sydney-based Macquarie ProLogis, which counts Unilever Plc and Black & Decker Corp. among its U.S. tenants. The deal comes after Blackstone Group LP bought Equity Office Properties Trust for $39 billion in February as rents rise and vacancies fall. ``Explosive demand for real estate in the U.S. has hurt the trust's ability to buy assets,'' said Justin Blaess, who manages $2 billion of property stocks at ING Investment Management in Sydney. ``Investors have also been wary because the stronger Australian dollar has cut local dollar-denominated returns.'' The Australian dollar has increased in value by 4.6 percent against the U.S.
Dust control bids awarded to Overland Park firm
Scotwood Industries of Overland Park was awarded its bids for delivering and applying magnesium chloride to control dust on Miami County's gravel roads.Staff at the Miami County Highway Department selected about 400 miles of county gravel roads for magnesium chloride treatment this spring. Travel patterns, traffic patterns and detour routes were criteria used to selected the road sections to be treated.The County Commission awarded Scotwood's bids of $21,315 for delivery and $161,455 for the application of the magnesium chloride. Envirotech of Greeley, Colo., bid a delivered price of $20,909 and an applied price of $162,974J.R. McMahon, county public services director, recommended awarding both bids to Scotwood. The company has supplied magnesium chloride to the county in previous years and is familiar with county roads and staff.
JIMI HENDRIX: 1966 Fender Mustang Guitar Sells For $400000
Reuters is reporting that Jimi Hendrix's 1966 Red Fender Mustang guitar fetched $400,000 at an auction Saturday (April 21) to benefit musicians who lost everything in Hurricane Katrina.
The auction at New York's Hard Rock Cafe by Julien's Auctions raised $2,436,900, including a 20 percent buyer's fee, for Music Rising, a charity set up by U2 guitarist The Edge and other musicians after the 2005 Gulf Coast hurricane. It marked the first time such a wide selection of U2 memorabilia was available to collectors, organizers said.
Read more at www.reuters.com. .
Brackets don't just hold up shelves
Take it, Mark: "Bracketology -- the practice of parsing people, places and things into discrete one-on-one matchups to determine which of the two is superior or preferable." While sports fans use it to predict which team will prevail, bracketology has busted out into pop culture. The Morning News, an online magazine, sponsors a yearly "Tournament of Books," in which guest judges (including The Decemberists' Colin Meloy) oversee matchups between books. The volume that makes it through various voting rounds without getting eliminated emerges victorious. The Web is also packed with other totally trivial, but fun, matchups devoted to finding the best band, best car, worst company, best beer and so on. But the most complete bracketology roundup is undoubtedly "The Enlightened Bracketologist," edited by Reiter and Richard Sandomir, New York Times sports TV columnist.
2 bids to build hospital withdrawn
Two down; two to duke it out. Earlier this year, four bids were thrown in the ring to build a hospital in Wesley Chapel. On Wednesday, the deadline for applications to the state's review process, two of those bids were withdrawn. University Community Health and Adventist Health System abandoned its individual bids, opting to combine forces in a joint bid. Its rival is BayCare Health System, backed by USF Health. All want to raise acute-care facilities of about 100 beds each to serve central Pasco's growing population. The state reviews bids twice a year to regulate health care supply and determine how and where facilities get built. The decision is due in June. LUTZ Animal hospital break-in nets $8 Police are looking for burglars who broke into the Cypress Creek Animal Hospital, busting out a window and then rummaging the reception area before stealing $8 in change.
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