Distressed loans big business for St
Drive along U.S. 19 and you'll see hundreds of gas stations, restaurants and other small and mid-sized businesses — some of them financed with bank loans the borrowers are struggling to repay. That's where Directed Capital Resources comes in.Founded in 2001 by Chris Moench, now its CEO, the St. Petersburg company with an office in San Diego uses money raised from investors to buy distressed commercial loans. It helps the borrowers resolve their financial problems so the businesses can produce enough cash flow to make the loan payments and repay the investors with interest.Directed Capital's own business got a big vote of confidence last month when investment-banking giant Goldman Sachs gave ..>> view originalPinellas commission up next if Rays, St
ST. PETERSBURG— With expectations that the new City Council will break a year-long impasse regarding the Tampa Bay Rays stadium lease, the next stop will be the Pinellas County Commission. The commission controls the tourist tax money the city would need for a new ballpark should the Rays, after searching Pinellas and Hillsborough counties, decide to stay in St. Petersburg. “The next obvious thing is how to assemble some kind of a public-private financing to put a deal together,” council member Karl Nurse said. “And the county commission has to be involved in that conversation.” For while the city may choose to let the Rays to look around,..>> view originalSt
BY PAUL GUZZO Tribune staff TAMPA — Scott Deitche likes to joke that he was genetically predisposed to have a fascination for the American Mafia and booze: His grandfather was a small-time numbers runner for an organized crime syndicate in New Jersey and was fond of bars. “Both seem to be in my blood,” said Deitche, who has authored six history books on The Mob, including “Cigar City Mafia: A Complete History of the Tampa Underworld,” and nourishes a passion for mixology. In his sixth and latest book, Deitche manages to combine both interests. Titled “Cocktail Noir,” the book explores the role alcohol played in the rise..>> view originalFSView crew hits the road: 1237 Miles
Chance the Rapper performed in St. Petersburg on Thursday, one of three cities traveled to by the ‘FSView’ squad this weekend.(Photo: Devin Lowery/FSView)A weekend spent on the road didn’t sound much out of the ordinary for me.Agreeing to travel to Clemson after just getting back from seeingChance the Rapperin St. Petersburg the night before seemed fun – plus, I have never officially attended an FSU football game, so why not this one?I should’ve known right away that this was going to be everything but a normal weekend. On Thursday, the car was packed,Acid Rapwas streaming from my Soundcloud and I was patiently waiting for Perry and David to arrive. It was agreed upon that we would head out ..>> view originalSUNDAY CONVERSATION: Tampa Police: Majoring in minor offenses
... Miami, St. Petersburg and Orlando, the state's four other largest cities. And no other law enforcement agency in the state arrests more people than the Tampa ...>> view originalWPEC CBS Channel 12 News :: News - International News
International News The Latest: Memorial honors crash victims in St. Petersburg November 08, 2015 11:28 GMT Eds: Adds details from memorial service in St. Petersburg. With AP Photos.MOSCOW (AP) -- The latest on the crash of a Russian plane in Egypt that killed all 224 people onboard. (All times local.)2:25 p.m.Mourners have packed into the landmark St. Isaac's Cathedral in St. Petersburg for a memorial service for victims of the Russian plane crash.As a choir sang, the bell of the world's fourth-largest cathedral was tolling one time for each of the 224 victims. Most of the victims were from St. Petersburg or other areas of northwest Russia.The Russian airliner crashed Oct. 3..>> view originalFormer first lady Rhea Chiles dies at 84
Bill Cotterell, Democrat correspondent9:54 p.m. EST November 8, 2015Rhea Chiles(Photo: Mark Wallheiser/ State Archives of Florida)Former Florida First Lady Rhea Chiles, the wise and gentle “inner voice” of her husband’s remarkable political career, died Sunday at her home on Anna Maria Island. She was 84.Mrs. Chiles was surrounded by family members. A family spokesman said she had been in declining health and in hospice care, but died at home.“While she has faced health challenges over the last several years, up until the last three or four months, she continued to do the things she loved best – enjoying family and friends, painting and encouraging others,” the family’s statement said.The fo..>> view originalProperty flip warrants generous donation to CASA
Joseph Emerson purchasedproperty from Community Action to Stop Abuse and flipped it for a $569,000 profit.Tampa Bay Timessenior correspondent Susan Taylor Martin reported there's no indication anything improper occurred, but let's hope Emerson becomes one of CASA's most generous annual donors. It's the least he could do. …Heavendropt will beamong the more unique vendors at the Junior League of Tampa's Holiday Gift Market this weekend at the Florida State Fairgrounds.The program, which operates out of the Louise Graham Regeneration Center in St. Petersburg, recycles retired parachutes and converts them into necklaces, glasses cords, bracelets and pet bandanas. And the project employs people w..>> view originalTax credits, reduced costs make solar power options shine | TBO
TAMPA — Fields and rooftops filled with reflective slabs soaking in the power of the sun and converting it to energy appear to be all the rage this year with utilities and businesses throughout Tampa Bay. Company officials say they’re adding solar arrays because they want to be a good environmental partner, but building them now, by most accounts, just makes financial sense. Several factors play into the trend that has rooftops and parking lots glistening with mirrored panels at Tampa International Airport, Great Bay Distributors in St. Petersburg, Lockheed Martin in Oldsmar and other local sites. The growing trend reflects a dramatic drop in price for an altern..>> view originalClemson vaults Ohio State to No
Clemson is the new No. 1 in the Associated Press football poll, knocking Ohio State from the top spot for the first time this season.The Tigers are top-ranked in the media poll for the first time since the final poll of the 1981 season, when Clemson won its only AP national title.The Tigers received 31 first-place votes and 1,489 points after beating Florida State 23-13 on Saturday. Ohio State had 26 first-place votes and 1,460 points. The defending national champion had been first since the preseason, when it became the first team to be a unanimous preseason No. 1 in the 79-year history of the AP rankings.No. 3 Alabama climbed four spots and got two first-place votes. No. 4 Baylor also rece..>> view original
Monday, November 9, 2015
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