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Capital Keeps Pouring Into Booming US Residential Solar Market

April 16th, 2014 by admin | Permalink

The residential solar installation and finance market is remaking itself through new alliances, vertical integration and hybrid sales channels, as well as with access to increasingly cheaper capital. We are in a post-CSI era and yet installation prices continue to fall.

The early winners in this high-growth and volatile market have emerged. But the landscape is still shifting.

Residential solar news roundup

SunEdison closed the first $150 million of a $300 million three-year project finance revolving credit facility arranged by Deutsche Bank Securities, according to a release. The debt is intended to support the development and acquisition of new projects in the United...

FNB acquires OBA Financial Services

April 16th, 2014 by admin | Permalink

FNB Corp. has announced plans for yet another acquisition, as the Hermitage bank continues to grow by buying smaller institutions.

OBA Financial Services Inc., the Germantown, Md.-based parent of OBA Bank, has agreed to an all-stock transaction valued at about $23.56 per share, or $94 million, according to an announcement this morning. The value was calculated using the 20-day average closing stock price of FNB Corp.

The deal is expected to add about $390 million in total assets, $290 million in total deposits, $300 million in loans and six banking locations, according to the announcement.

FNB, which operates under the First National Bank banner, last year expanded its Maryland...

Dr. Kerry Goad Now Offers CareCredit Financing for Treatments Such as Laser …

April 15th, 2014 by admin | Permalink

Dr. Kerry Goad Now Offers CareCredit Financing for Treatments Such as Laser Gum Surgery and Dental Implants in Richardson, TX.
Patients of Dr. Kerry Goad can now access convenient financing options through the CareCredit program to help cover the costs of dental procedures. Patients can apply online to quickly receive financing for time-sensitive treatments like laser gum surgery and the placement of dental implants.

Woodridge Park Board to consider financing options for ARC

April 14th, 2014 by admin | Permalink

Woodridge Park Board to consider financing options for ARC

Residents provide feedback on ARC design at open houses
Published: Monday, April 7, 2014 12:09 pm CDT

Why ‘reshoring’ is the coming thing

April 14th, 2014 by admin | Permalink

Reshoring: to New York Times columnist Paul Krugman, it is an ugly new term, but apparently

the new thing. To 1980s rock fans who fondly remember U2s Rattle and Hum performance, it may not seem so new, as the manufacturing equivalent of Bonos reclamation of Helter Skelter — This is a song Charles Manson stole from the Beatles. Were stealing it back.

MassDevelopment sees signs of a small but growing trend: US manufacturers stealing back jobs and production from overseas, a movement called reshoring.

The Reshoring Initiative, an industry-led effort to bring manufacturing jobs back to the United States, says about 160 companies have returned work to the United States from...

One color for water tower

April 13th, 2014 by admin | Permalink

The single color without a logo or city name reduces the cost of the tower by $25,000 from the original price tag of about $3 million.

“We’re advised by esteemed engineers there are two ways to decorate a tower,” said Councilman Dan Buchanan. “One is to make it conspicuous, and the other is to make it inconspicuous, and I think the light blue would be just fine.”

The color and logo have been a topic of discussion for the last three City Council meetings, said Councilman Charlie Kourajian.

“It seems we spent more time on the color than on the $2 million to build it,” he said.

Work is slated to begin this spring.

The...

Alliance Data to Offer Private Label Credit Card to Customers of Independent …

April 12th, 2014 by admin | Permalink

International Diamond Distributors has signed a multi-year agreement with Alliance Data Systems to provide private label credit card services. Based in New York Citys Diamond District, IDD is a diamond jewelry provider for independent jewelers.

Alliance Datas Retail Services division will manage the Iddeal Credit Card, with benefits such as flexible financing options and payment plans. In addition, Alliance Data will provide a portfolio of marketing services designed to optimize cardholder acquisitions and retention in the jewelry retail segment, as well as reduce the sales cycle between customer jewelry purchases for IDD partners.

The Iddeal Credit Card from Alliance Data...

Familiar questions, few answers so far for OMB’s latest financial systems effort

April 12th, 2014 by admin | Permalink

The departments of Commerce and Housing and Urban Development and the Coast Guard
are planning to outsource their financial management systems in the coming year.

These three agencies have only one choice in how they modernize their financial
management systems through a federal shared services provider.

The Office of Management and Budgets March 2013
policy created a federal first priority for agencies to modernize their
financial management systems through a shared services provider.

But this second attempt by OMB to move agencies to financial management shared
services is fraught with the same obstacles of a decade ago.

In the mid-2000s,...

TODAY’S DEALS: The Bassuk Organization Closes $73.5M for NYC’s Chelsea …

April 11th, 2014 by admin | Permalink

Apr. 7, 2014

TODAYS DEALS: The Bassuk Organization Closes $73.5M for NYC’s Chelsea Tower

New York–The Bassuk Organization Inc. has originated a $73.5 million financing from TIAA-CREF for Chelsea Tower, a 33-story, 228-unit luxury apartment community in Manhattan at 100 West 26th Street.

Terms include 20-year permanent financing, with 35-year amortization. The borrower is Samp;P/DM 26 Development LLC, an entity comprised of members from the Steinberg amp; Pokoik families and The DeMatteis Organizations. The Bassuk Organization had previously placed the construction loan and the original permanent financing for the borrower in 2001 and 2004,...

Representatives introduce ‘Clean Energy Choice’ bill

April 6th, 2014 by admin | Permalink

The state Assembly may discuss legislation to allow more sources of money for green energy projects within the year.

State Representatives Gary Tauchen, R-Bonduel, and Chris Taylor, D-Madison, introduced a “Clean Energy Choice” bill Friday that would legalize more financing options for renewable energy production, according to a statement from RENEW Wisconsin.

“Clean Energy Choice” would remove restrictions for funding renewable energy projects for homeowners, businesses and local governments, according to the statement.

RENEW Wisconsin is a nonprofit organization comprised of businesses, organizations and individuals that promote green energy initiatives.

Michael...

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