Posted by Gerry1982 on

Devco Continues to Support Hotel

The New Jersey Development Corporation is a nationally recognized real estate development firm that is well known for its ability to raise public debt in order to redevelop existing real estate or build new projects. The company has built a number of different projects including renovations of cultural buildings, development of student housing projects, and building local government buildings.

One of the most recognized projects that the New Jersey Development Corporation has been involved in is a project known as The Heldrich, which is a new hotel and conference center that the company built in 2005. The project was funded from a variety of different sources including about $20 million from the Casino Reinvestment and Redevelopment Committee.

While it was expected that the hotel would be able to attract dozens of major conferences per year, it has not been as successful of a project as was once thought. The project in recent years has had less that 65% occupancy and has continued to lose money, as it has not been able to attract the high-end conferences that hotels need to succeed.

According to an article written by the Press of Atlantic City, the lack of cash flow has continued to be a problem for the hotel. The primary owners of the company have continued to have to invest personal assets in order to keep the property operational. One area that the property has struggled has been to make its payments on its loans due to lenders and bondholders. In the last month, the owners were not able to make a $1 million payment due on principal and interest.

References

http://www.pressofatlanticcity.com/news/breaking/unpaid-million-crda-loan-raises-questions-about-new-brunswick-devco/article_a03318e2-dcdb-11e5-a563-67611bc7b7bc.html

http://www.devco.org/projects/index.shtml

 

Posted by Gerry1982 on

The Benefits Of Talk Fusion For You And Your Business

When it was first introduced to our society it came in the form of science fiction movies, video communication is now a very important part of our basic communication practices. Talk Fusion is one of the leaders in video technology and they continue to build on that experience. Most people are familiar with social media practices and the fact that they have the ability to carry on face-to-face conversations with friends from around the world.

Productivity tools

Video communications is an awesome tool for personal use but the area where it will shine the most will be in business relations. Talk Fusion offers a variety of products and services to help the entrepreneur become a lot more productive. Chatting with customers with a camera may be a good idea but the benefits of the video will take you much further than that. Businesses are being encouraged to use their business technology for sending video emails and conducting live meetings with employees and clients both near and far.

A change of pace

When Bob Reina graduated from the University of South Florida his first order of business was to join the police academy. Bob went on to graduate from his class and to serve his community as a police officer. Most people would agree that even though he enjoyed a good laugh he was very committed to any goal he set for himself.

True calling

One area that seemed to be of particular interest to Bob was marketing and he went on to explore those interests at a few different companies. It was not until he decided to start Talk Fusion in 2007 that things began to turn around. This would be an opportunity to join his love for marketing with his interest in video conferencing. Bob Reina was not just about business in fact he would be known by his friends to be exceptionally kindhearted around animals

Posted by Gerry1982 on

Ricardo Guimaraes, Presidente of Banco BMG Highlights Reasons to Study for an MBA, Comments on Forbes List of Prestgious Ivy League Universities

by Ricardo Guimarães

Though I have a family lineage in both the mining and finance industries, my work experience at Banco BMG has offered its own unique challenges. Offering the right financial products to the right consumers takes experience and education. Though many people can find success in the business marketplace without an MBA, I always recommend getting one if you don’t have a lot of business experience already.

Don’t Get Confused

Though you might regularly hear of people that have had no business training, that are doing well in a particular industry; more often than not, if you dig a little deeper, you’ll find that they’ve had extensive experience in business or finance; or they have some extraordinary natural skill set or ability.

Therefore, for many potential business professionals, getting an MBA is the best step to take before entering the marketplace. Here’s Forbes list of top Ivy League business programs:

Stanford Business School is number one with a 7% graduation rate. This challenging program costs $126,000/year and only takes students that score 730 or higher on their GMATs.

Harvard Business School is number two with a 12% graduation rate. This challenging program costs $139,000/year and only takes students that score 730 or higher on their GMATs.

The Booth School of business is number three with a 24% graduation rate. This challenging program costs $128,000/year and only takes students that score 730 or higher on their GMATs.

The Warton School of Business is number four with a 20% graduation rate. This challenging program costs $137,000/year and only takes students that score 728 or higher on their GMATs.

The Haas School of Business is number five with a 13% graduation rate. This challenging program costs $110,000/year and only takes students that score 720 or higher on their GMATs.

The Tuck School of Business is number six with a 22% graduation rate. This challenging program costs $135,000/year and only takes students that score 720 or higher on their GMATs.

The Yale School of Management is number seven with a 24% graduation rate. This challenging program costs $124,000/year and only takes students that score 720 or higher on their GMATs.

The Kellogg School of Management is number eight. This challenging program costs $127,600/year and only takes students that score 720 or higher on their GMATs.

The Columbia Business School is number nine with a 18% graduation rate. This challenging program costs $136,000/year and only takes students that score 716 or higher on their GMATs.