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Business, community leaders pack Bradley Center for Bucks sale announcement: Slideshow Top business leaders, government officials and community supporters packed the lobby of the BMO Harris Bradley Center on Wednesday to hear Herb Kohl's announcement that he had sold the Milwaukee Bucks.
Kohl announced hedge fund executives Wesley Edens and Marc Lasry as the team's new owners, pending approval by the NBA. He drew a standing ovation when he announced a gift of $100 million toward a new arena. Lasry and Edens also will be contributing a total of $100 million.
Many board members ofâ€¦
Thu, 17 Apr 2014 01:04:00 +0000 Honolulu's office market gains space due to government agency moves Honoluluâ€™s real estate office market saw an increased vacancy in the first quarter with the Central Business District and the Kapiolani corridor amounting for a majority of the vacancies, according to a new report by CBRE Inc.
The losses can be attributed to government agencies moving out of surveyed office space to owner-occupied buildings, including the National Oceanic and Atmospheric Administration, the Office of Hawaiian Affairs and the Federal Bureau of Investigation, according to CBRE Inc.'sâ€¦
Thu, 17 Apr 2014 00:57:00 +0000 Survey shows who gained health insurance from first open enrollment period A new survey by the Urban Institute Health Policy Center has revealed more about the demographics of the estimated 5.4 million individuals estimated to be newly insured during the Affordable Care Actâ€™s first open enrollment period.
The quarterly Health Reform Monitoring Survey, funded by the Robert Wood Johnson Foundation and Ford Foundation, found that the number of uninsured adults between the ages of 18 and 64 fell by an estimated 5.4 million between September 2013 and early March â€” beforeâ€¦
Thu, 17 Apr 2014 00:44:00 +0000 Hedge fund king Bill Ackman and his wife give $17 million to Harvard Hedge fund manager Bill Ackman and his wife Karen have donated $17 million to Harvard University through their Pershing Square Foundation.
The gift will go to Harvardâ€™s Foundations of Human Behavior Initiative and endow three professorships and create a $5 million research venture fund, which is open to Harvard faculty, doctoral students and post-doctoral fellows.
The initiative aims to develop cost effective solutions â€“ and solutions that can be scaled â€“ to issues such as health care, economicâ€¦
Thu, 17 Apr 2014 00:43:00 +0000 Milwaukee Bucks sale another blow to Seattleâ€™s NBA hopes It was a longÂ shot to begin with.
The sale of the Milwaukee Bucks leaves Seattle with no imminent prospects for an NBA team.
Hedge fund executives Wesley Edens and Marc LasryÂ will buy the team from owner Herb Kohl. Kohl required prospective owners toÂ agree to keep the Bucks in Milwaukee.
Speculation had been swirling since Kohl announced he would sell the team in December that Seattle could be its destination, although that talk has dwindled in recent weeks.Â A Facebook page titled "Bringâ€¦
Thu, 17 Apr 2014 00:40:00 +0000 Fast-casual chain Cosi is moving its HQ to Boston from the Chicago area We often hear about startups and biotechs who move their corporate offices to theÂ Boston areaÂ to take advantage of the rich talent pool here.
But it also happens in other sectors â€” like the restaurant business.
Case in point: The new CEO of struggling fast-casual chain Cosi Inc. told shareholders today that heâ€™s going to move the corporate office from the Chicago area to downtown Boston.
To some extent, the move is being driven by the fact that this new CEO, R.J. Dourney, was already basedâ€¦
Thu, 17 Apr 2014 00:38:00 +0000 Innovation Elixir: What our kitchens, bathrooms and bedrooms may look like in a decade We know that technology is changing everything around us, but do you wonder what that might look like in reality in your kitchen, bathroom and bedroom a decade from now?
General Electric Co.Â invited me in for a glimpse of what its innovators think our homes might look like in the future in a project called "Home 2025."
It's not the first time GE has done this.Â In 1960, Arthur BecVar, GE's manager of industrial design for major appliances, and his team of designers imagined a kitchen of the future.â€¦
Thu, 17 Apr 2014 00:36:00 +0000 San Antonio Spursâ€™ value may spike as a result of Bucks deal There is no indication that San Antonio Spurs chairman Peter Holt is looking to cash out anytime soon. But Holt, also one of his teamâ€™s biggest fans, canâ€™t help but count dollars signs in his sleep now that the Milwaukee Bucks have been sold for an outrageous sum.
Herb Kohl, president and owner of the Bucks, which have one NBA title earned back in 1971, announced on Wednesday that he has entered into a signed purchase agreement to transfer ownership of the team to hedge fund executives Wesleyâ€¦