Berks office space: Still a buyer's market

John Gleason, left, executive director of Digestive Disease Associates, and Dr. Louis La Luna, president, outside the practice?s new office building in Wyomissing.

By Erin Negley
Reading Eagle
Digestive Disease Associates started as Berks? first gastroenterology practice in 1972 and has grown to a staff of 13 physicians plus an affiliated surgery center that saw more than 12,000 patients last year.

Through the years, the practice has expanded to three locations in the Wyomissing area, but patients often went to the wrong office. There was little physical room for the company to grow.

So the search for a bigger space started in 2011.

It?s still a buyer?s market, and Digestive Disease Associates found a brand-new building in the Wyomissing Corporate Center that included a deal for improvements. In December, the practice opened a 19,000-square-foot office, and, across the hall, Berks Center for Digestive Health, a 12,000-square-foot surgery center for colonoscopies and other procedures. The building has space for the more than 90 employees, for a lab and for growth.

The Berks County commercial real estate market is better than it was at the start of the recession, but it?s still sluggish. Tenants and buyers still have the upper hand. Vacancies for office space in both the suburban and Reading markets, across class levels, increased in 2012, and average rental rates decreased, but real estate sources are looking for 2013 to improve.

?The economy is not going to blast off,? said Jeff Meyers, senior real estate economist with CoStar Group, a Washington D.C. provider of commercial real estate information. ?The office market absolutely will improve, but it won?t be strong until 2014 or 2015.?

?

Nationally, the commercial real estate market continued its slow recovery in 2012, aided by the recovering equity and residential markets and historically low interest rates, according to ?Expectations and Market Realities in Real Estate 2013: Turn the Page? released in February by Deloitte, Real Estate Research Corp. and the National Association of Realtors. However, in the second half of the year, real estate sales slowed as uncertainty increased with the election and the ?fiscal cliff.?

?We?re not back to 2007 levels, but we?re steadily on our way up,? said Sam Tenenbaum, real estate economist with CoStar Group.

Locally, real estate sales and leases increased in 2012.

?I think everybody was hoping to see when the bottom was going to hit and take advantage of the low rates and the good deals,? said Bryan Cole, a broker with NAI Keystone Commercial & Industrial LLC, Exeter Township.

?It?s still in a recovery mode, still unsettled, but it?s much better than 2011,? said Steve Willems, the company?s managing principal.

During the recession, many companies cut costs, laid off employees and streamlined operations.

?The ones that did make it came out much stronger,? Willems said.

Those companies now are taking that accumulated cash and looking for the best real estate deals. Investors have quickly scooped up foreclosed properties at big discounts.

?

A sketch of National Penn Bancshares Inc.?s building planned for Spring Township.

Wyomissing and Spring Township remain the top neighborhoods for office space. In late 2012, for example, A to Z Vacuum and Fan moved to North Park Road in Wyomissing, and National Penn Bank started building a new building at Spring Ridge in Spring Township.

Wyomissing has evolved to become Berks County?s economic center, said Fred Levering, a Realtor with Prudential Landis Homesale Services and a member of borough council. Some tenants? first question to him as a Realtor is whether a property has a Wyomissing address.

?People want to be where it?s perceived as successful,? he said.

for Spring Township. Below: The former Arrow International Inc. building in Wyomissing is one of the commercial buildings on the market in Berks County.

There?s also the benefit of proximity to businesses. Wyomissing recently relaxed parking requirements and continues to maintain landscaping along State Hill Road to keep up appearances.

Last year?s commercial real estate market was the best in the borough since the beginning of the recession, Levering said.

?We?re not bleeding anymore, but we?re not yet growing how we?d like to be,? he said.

There?s growth elsewhere, too. Several Muhlenberg Township companies, such as Reitnouer Inc., Fidelity Technologies Corp. and Pratt Industries, have expanded.

Also, construction is under way for several large warehouses at Berks Park 78 in Bethel Township.

However, Fairgrounds Square Mall, the center of the Fifth Street Highway corridor, was in foreclosure and recently was auctioned.

?

In Reading, Berks Women in Crisis? new headquarters on Chestnut Street and 525 Student Apartments on Lancaster Avenue opened in 2012.

National tenants and franchises looking to expand in urban markets continued to consider Reading as well, said Alan W. Shuman, president of Shuman Development Group, 50 N. Fifth St.

And top-quality urban retail spaces with good parking are doing well, Shuman said. But financing is difficult if an investor doesn?t qualify for federal loan programs.

There are still large blocks of vacant downtown Reading office space, including about 25,000 square feet at the Madison building. The largest vacancy came after CNA announced plans to sell its building at Fourth and Penn streets and move to a smaller building outside the city. The company uses 80,000 square feet of the 260,000-square-foot building.

While there?s demand for quality commercial space, costs for lower-class space have dropped.

?There?s lots of bargain-hunters or bottom-feeders looking for distressed properties they can pick up for pennies on the dollar,? Shuman said.

???

With some of the economic uncertainty past, commercial real estate appears to be positioned well in 2013, according to the real estate report.

?The outlook is for a continued slow recovery, with modest economic growth over the next few years and for slow job growth to continue,? the report said. ?It is expected that once businesses get used to the new tax increases, business spending (including hiring) may increase.?

Locally, there?s pent-up demand in the suburban market, which should improve sales and leases this year, especially at Berks Park 78 and the Airport Industrial Park in Bern Township.

?We?re optimistic that it?s going to be a pretty good year,? Cole said. ?There?s new deals getting done as we speak.?

Contact Erin Negley: 610-371-5047 or enegley@readingeagle.com.

Source: http://businessweekly.readingeagle.com/berks-office-space-still-a-buyers-market/?utm_source=rss&utm_medium=rss&utm_campaign=berks-office-space-still-a-buyers-market

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NKorea's Kim visits front-line troops amid tension

South Korean Army soldiers work on their K-9 self-propelled artillery vehicle during an exercise against possible attacks by North Korea near the border village of Panmunjom in Paju, South Korea, Monday, March 11, 2013. South Korea and the U.S. on Monday kicked off an annual military drill amid worries about a possible bloodshed following North Korea?s threat to scrap a decades-old war armistice and launch a nuclear attack on the U.S. (AP Photo/Ahn Young-joon)

South Korean Army soldiers work on their K-9 self-propelled artillery vehicle during an exercise against possible attacks by North Korea near the border village of Panmunjom in Paju, South Korea, Monday, March 11, 2013. South Korea and the U.S. on Monday kicked off an annual military drill amid worries about a possible bloodshed following North Korea?s threat to scrap a decades-old war armistice and launch a nuclear attack on the U.S. (AP Photo/Ahn Young-joon)

South Korean protesters hit a huge banner with a picture of North Korean leader Kim Jong Un during a rally denouncing North Korea's recent threat and supporting South Korean President Park Geun-hye near the presidential Blue House in Seoul, South Korea, Monday, March 11, 2013. South Korea and the United States began annual military drills Monday despite North Korean threats to respond by voiding the armistice that ended the Korean War and launching a nuclear attack on the U.S. (AP Photo/Lee Jin-man)

South Korean protesters wearing masks hold placards during a rally denouncing the annual joint military exercises, dubbed Key Resolve and Foal Eagle, between South Korea and the United States, near the U.S. Embassy in Seoul, South Korea, Monday, March 11, 2013. South Korea and the United States began annual military drills Monday despite North Korean threats to respond by voiding the armistice that ended the Korean War and launching a nuclear attack on the U.S. (AP Photo/Lee Jin-man)

A South Korean protester holds a sign during a rally denouncing the annual joint military exercises, dubbed Key Resolve and Foal Eagle, between South Korea and the United States, near the U.S. Embassy in Seoul, South Korea, Monday, March 11, 2013. South Korea and the United States began annual military drills Monday despite North Korean threats to respond by voiding the armistice that ended the Korean War and launching a nuclear attack on the U.S. (AP Photo/Lee Jin-man)

South Korean protesters wearing masks hold placards during a rally denouncing the annual joint military exercises, dubbed Key Resolve and Foal Eagle, between South Korea and the United States, near the U.S. Embassy in Seoul, South Korea, Monday, March 11, 2013. South Korea and the United States began annual military drills Monday despite North Korean threats to respond by voiding the armistice that ended the Korean War and launching a nuclear attack on the U.S. The letters read "When the war occurs, all 70 million people will die." (AP Photo/Lee Jin-man)

SEOUL, South Korea (AP) ? North Korea's young leader urged front-line troops to be on "maximum alert" for a potential war as a state-run newspaper said Pyongyang had carried out a threat to cancel the 1953 armistice that ended the Korean War.

Kim Jong Un told artillery troops stationed near disputed waters that have seen several bloody clashes in past years that "war can break out right now," according to a report by North Korean state media.

Kim's visit and the armistice claim are part of a torrent of angry North Korean rhetoric that has followed last week's U.N. sanctions over Pyongyang's Feb. 12 nuclear test. Pyongyang has also vowed to strike the United States with nuclear weapons.

It is unclear, however, what will come next and whether North Korea will match its words with action. A U.N. spokesman said that Pyongyang cannot unilaterally dissolve the armistice. Pyongyang is also years away from acquiring the smaller, lighter nuclear warheads needed to pose a credible nuclear missile threat to the United States.

Indeed, several signs pointed to business as usual between the Koreas ? despite the bluster.

North Korea apparently cut one telephone and fax hotline at a village straddling the Demilitarized Zone between the countries, but otherwise there have been no substantial operational changes, Seoul's Unification Ministry and Joint Chiefs of Staff said Tuesday.

There are at least two other working communication channels between the Koreas. As they did Monday, the two Koreas used a separate military hotline Tuesday to allow hundreds of South Koreans to cross the border to a jointly run factory park in the North Korean border town of Kaesong, according to the South's Unification Ministry.

Much of the bellicosity is seen as an effort to shore up loyalty among citizens and the military for Kim Jong Un.

Still, North Korea's anger, and Seoul's stern rebuttals, is boosting animosity and causing worries on an already tense Korean Peninsula. The rivals this week are also holding dueling military drills.

U.S. National Security adviser Tom Donilon told the Asia Society in New York that Pyongyang's claims may be "hyperbolic," but the United States will protect its allies.

"There should be no doubt: We will draw upon the full range of our capabilities to protect against, and to respond to, the threat posed to us and to our allies by North Korea," Donilon said.

Aside from the nuclear threats, Pyongyang has so far only made a somewhat mysterious promise to strike its enemies at a time and place of its own choosing. This alarms many, however, as two sudden attacks blamed on North Korea killed 50 South Koreans in 2010.

Seoul has responded to North Korean threats with tough talk of its own and has placed its troops on high alert.

The North Korean government made no formal announcement on its repeated threats to scrap the 60-year-old armistice, but the country's main newspaper, Rodong Sinmun, reported that the armistice was nullified Monday as Pyongyang had said it would.

The North has threatened to nullify the armistice several times before, and in 1996, after one such vow, it sent hundreds of armed troops into a border village. The troops later withdrew.

Despite the Rodong Sinmun report, U.N. spokesman Martin Nesirky said the armistice is still valid and still in force because the armistice agreement had been adopted by the U.N. General Assembly and can't be dissolved unilaterally.

Nesirky added that officials at U.N. headquarters in New York were unaware of any operational changes on the ground on the Korean Peninsula.

White House spokesman Jay Carney said the U.S. was "certainly concerned by North Korea's bellicose rhetoric. And the threats that they have been making follow a pattern designed to raise tension and intimidate others."

The angry words from both Koreas haven't stopped them from communicating about the only remaining operational symbol of joint cooperation, the Kaesong industrial complex. It is operated in North Korea with South Korean money and know-how and a mostly North Korean workforce ? and provides a badly needed flow of hard currency to a country where many face food shortages.

"If South Koreans don't go to work at Kaesong, North Korea will suffer" financially, said analyst Hong Hyun-ik at the private Sejong Institute in South Korea. "If North Korea really intends to start a war with South Korea, it could have taken South Koreans at Kaesong hostage."

The 11-day U.S.-South Korean joint military drills that started Monday involve 10,000 South Korean and about 3,000 U.S. troops. Those coincide with two months of separate U.S.-South Korean field exercises that began March 1.

Also continuing are large-scale North Korean drills that Seoul says involve the army, navy and air force. The South Korean Defense Ministry said there have been no military activities it considers suspicious.

The North Korean rhetoric escalated as the U.N. Security Council on Thursday approved a new round of sanctions over Pyongyang's nuclear test.

"This is part of their brinksmanship," said Daniel Pinkston, a Seoul-based expert on North Korea with the International Crisis Group think tank. "It's an effort to signal their resolve, to show they are willing to take greater risks, with the expectation that everyone else caves in and gives them what they want."

Part of what North Korea wants is a formal peace treaty to end the Korean War, instead of the armistice that leaves the peninsula still technically in a state of war. It also wants security guarantees and other concessions, direct talks with Washington, recognition as a nuclear weapons state, and the removal of 28,500 U.S. troops stationed in South Korea.

Pinkston said there is little chance of fighting breaking out while war games are being conducted, but he added that he expects North Korea to stage some sort of provocation in the future.

North Korea was responsible for an artillery attack that killed four South Koreans in 2010. A South Korean-led international investigation found that North Korea torpedoed a South Korean warship that same year, killing 46 sailors. Pyongyang denies sinking the ship.

South Korean and U.S. officials have been closely monitoring Pyongyang's actions and parsing its recent rhetoric, which has been more warlike than usual.

Under new President Park Geun-hye, South Korea's Defense Ministry, which often brushes off North Korean threats, has looked to send a message of strength in response to the latest comments from Pyongyang.

The ministry has warned that the North's government would "evaporate from the face of the Earth" if it ever used a nuclear weapon.

While outside scientists are still trying to determine specifics, the North's rocket test in December and third nuclear test last month may have pushed the country a step closer to acquiring the ability to hit the U.S. with weapons of mass destruction.

Analysts have also said that more missile and nuclear tests are possible reactions from North Korea.

North Korea has a variety of missiles and other weapons capable of striking South Korea. Both the warship sinking and island shelling in 2010 occurred near a western sea boundary that North Korea fiercely disputes. It has been a recurring flashpoint between the rivals that has seen three other bloody naval skirmishes since 1999.

___

Associated Press writers Peter James Spielmann at the United Nations, and Nedra Pickler, Matthew Pennington and Bradley Klapper in Washington contributed to this report.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/cae69a7523db45408eeb2b3a98c0c9c5/Article_2013-03-11-Koreas-Tension/id-ea20f9eb0b5a43cdb86b94dfaaf53031

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Armed intruders break into college dorm in Pa.

By Andrew Rafferty, Staff Writer, NBC News

Police in Pennsylvania are investigating how three gun-toting intruders got past a security official and into a Kutztown University dormitory early Friday morning.

Around 1:45 a.m., three men, two of which had guns, made their way into the dorm and knocked on one of the resident's doors, officials said.

When a student answered the knock, the assailants, dressed head to toe in black, forced their way into the room, police told NBCPhiladelphia.com.

The dorm invaders struck one of the students, searched the room, then fled without taking anything, according to school officials.

In order to get to the room, the men needed to get by a security officer at the building?s front desk and a key card is needed to open the outside door.

?These individuals bullied their way in and made their way to this particular room,? Matt Santos, a Kutztown University spokesman, told NBC Philadelphia. ?It was definitely a breach of security.?

Officials at the school of some 9,000 undergraduates, located in western Pennsylvania, say the intruders likely targeted the dormroom and it was not a random act.

Police are offering a $5,000 reward for information about the break in.

Source: http://usnews.nbcnews.com/_news/2013/03/11/17274682-armed-intruders-break-into-college-dorm-in-pennsylvania?lite

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Rovio adds TV channel to its games, launches Angry Birds Toons on March 17th

If Rovio wants to rival Disney, it's going to need to broaden its distribution network, right? It turns out that the company is going the opposite way, bundling a video channel inside its apps to showcase its first TV show; Angry Birds Toons -- a 52-episode series chronicling the never-ending fight against those egg-thieving pigs. In addition to phones and tablets, the show will be available on Xfinity and Samsung Smart TVs, with Roku and TV stations outside of the US to follow in short order. Of course, we're not too sure Disney's worried -- after all, it's spent $4.05 billion to get the real Mark Hamill, not Red Bird in a blonde wig.

Filed under: Home Entertainment, Software, HD

Comments

Source: http://www.engadget.com/2013/03/11/rovio-tv-channel/

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Sandberg Controversial Quotes - Business Insider

Facebook COO Sheryl Sandberg appeared on "60 Minutes" tonight to explain her controversial views on women in the workplace.

Sandberg insists that one reason there are fewer woman in top leadership roles than men is because women hold themselves back.

She says she's not blaming women. She's trying to get them to recognize when and why they don't speak up for themselves.

Sandberg has taken heat over this. Critics say it's easy for a billionaire, even a self-made one, to tell others that they should be doing more at work and making their husbands do more of the childcare and housework at home.

During this interview with journalist Norah O'Donnell, Sandberg wasn't over-the-top or abrasive. But she did stand firm.

?Here are the most in-your-face statements she made:

1. "Men still run the world."
2. "Women attribute their success to working hard, luck and help from other people. Men will attribute that same success to their own core skills."
3. Women hurt themselves by "leaning back. They say, I'm busy or I want to have a child one day, I couldn't possibly take on any more. Or I'm still learning on my current job. I've never had a man say that to me."
4. "I'm not suggesting women aren't ambitious ... but when it comes to ambition to lead, to be the leader of whatever you are doing, men/boys outnumber girls/women."
5. "My message is not one of blaming women. There's an awful lot we don't control, but there is an awful lot we can control and we can do for ourselves, to sit at more tables, raise more hands."
6. "I want every little girl who someone says 'they're bossy' to be told instead, 'you have leadership skills' because I was told that and because every woman I know who's in a leadership position was told that."
7. "Everyone knows that marriage is the biggest personal decision you make, but it's the biggest career decision you can make. ... Partner with the right person because you cannot have a full career and a full life at home with the children if you are also doing all the housework and childcare."
8. "I am not saying everyone has the resources or opportunities I have. I am not saying every husband is going to wake up tomorrow, read a book and do his share. I'm saying that women need to own the power that they have, negotiate for raises."
9. "The things that hold women back, hold them back from sitting at the boardroom table and they hold women back from speaking at the PTA meeting."
10. "I feel guilty a lot. I compare myself with the women who are home with their kids. I think I'm a little intimidated. Every woman feels guilty about the choices that they make."

Sandberg admits she's bothered that there hasn't been a woman president yet. When O'Donnell asked her why she doesn't lean in and run for office, Sandberg replied, "I feel that I'm doing all the leaning in I can do right now."

That's why so many woman are annoyed. They are doing all the leaning in they can do, too, and are doing it without the benefit of Sandberg's financial resources.

That said, there's plenty to like in Sandberg's bigger message for women ? and for men:

• Challenge yourself
• Have faith in yourself
• Get as much help in the home as possible
• And learn how to negotiate.

Julie Bort is co-author of the parenting book, "Mommy Guilt: Learn to Worry Less, Focus on What Matters Most, and Raise Happier Kids" which she wrote while raising two kids and working full-time as a technology journalist.

?

Source: http://www.businessinsider.com/sandberg-controversial-quotes-2013-3

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Home Improvement ? Factors to Consider before Buying Hardwood ...

March 11th, 2013

Posted by : admin

Everybody dreams of building a new home for himself.? For that he tries to work very hard and therefore earn a lot of money so that the person can make his own home one day.? It has been recently observed that whenever people try to decorate and renovate their homes they try their best to get the best flooring for their homes.? These flooring are extremely important because they are supposed to be used every single day and therefore their quality have to be extremely high.? Nowadays there are many companies that provide this flooring for rooms.? These flooring of different qualities and prices and are also made from different materials and have different types in hardwood flooring in Toronto.? A customer can select his own flooring according to his budget and the type of flooring he wants.? However there are many factors that one has to consider before deciding on which flooring are going to be best for him.

One of the key factors that have to be considered before taking the decision is that you have to know your budget.? This is extremely important because then you will be able to decide which type of flooring you are supposed to look at and which companies.? Secondly you are supposed to decide what type of flooring you want to have in your home.? Many people like to go for marble flooring and others would think that hardwood Toronto flooring would be much better. After that you have to decide which company the one to approach in this regard.? There are a lot of companies that are selling different types of flooring of different qualities.? However you have to check out their services that they provide.? Some companies even offer after sale services so that they are able to satisfy their customers? maximum.? You can research two different companies and then compare their prices.

Source: http://www.pmiller-realtor.com/factors-to-consider-before-buying-hardwood-flooring.html

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Cairo And Luxor Tours From Dahab

By: Al Baraa Travel Two days Tour to Cairo and Luxor from Dahab by flight

Tour Type:Dahab tours
Tour Length:2 Days / 1 Night
City Tour:Cairo and Luxor
Pick up Point:Your hotel in Dahab
Drop off Point:Your hotel in Dahab

Tour Itinerary : -
Day1: Dahab fly to Cairo, sightseeing in Cairo, fly to Luxor
We will pick you up from your hotel in Dahab by air-conditioned vehicle transfer from Dahab to Sharm El Sheikh airport for your short flight to Cairo. In Cairo you will accompanied by your Egyptologist guide to start your trip in Cairo, you will visit the famous Great Giza Pyramids, one of the Seven Wonders in the ancient world. Giza Pyramids are constructed from 5000 years by millions of limestone, continue your way to mysterical Sphinx, the half Lion and half Human statue stands guard over the tombs. Lunch will be served during Cairo tour, proceed your trip in Cairo to visit the Egyptian Museum, which renewed in 1900 to neo-classical style by the French architect Marcel Dourgnon, it was exhibited 120000 objects till now from the pre historical era to Greco-Roman period, the most interesting in the Egyptian Museum is the golden treasure of Tutankhamen. Then you will be transferred to Old Cairo to visit Coptic Cairo, it become Christian stronghold with many churches, there are only five remaining. Hanging Church is the famous church, as it become the centre of Christian church of Egypt, it was named for its location in the top of the south gate of the Fortress of Babylon. Free time in Cairo with many optional tours, then you will drive back to Cairo airport for the flight to Luxor with direct transfer to your hotel in Luxor for overnight stay.

Day 2: Luxor sightseeing back to Dahab
You will be picked up from your hotel in Luxor by air-conditioned coach to visit the Valley of the Kings located in the West bank of Nile River, the Valley of the Kings was the royal cementry for 62 pharaohs, as King Tutmosis I, Tutmosis III, Tut-Ankh-Amon, King Ramses VI, King Mrenptah and Amonhotep II. Proceed your tour in Luxor to visit Hatshepsut temple (Deir el Bahari). Hatshepsut temple is one of the most dramatically situated in the world. Hatshepsut queen ruled Egypt about 20 years. Then you will visit the Colossi of Memnon, they are only remains of the mortuary temple. Lunch will be served during your Luxor tour, then continue your trip in Luxor to visit the Karnak temple (ipet- isut), it is the most sacred of places. Karnak temple is culmination of three main temples and several smaller enclosed temples around twenty nine temples, so it is the largest and most impressive of all temples in Egypt. Free time in Luxor, then you will drive back to Luxor airport for the flight to Sharm El Sheikh with direct transfer to your hotel in Dahab.

Tour Includes : -

- Meet and greet services by our travel REP in Dahab hotels
- Return flight tickets Sharm / Cairo/ Luxor/ Sharm
- All transfers by air-conditioned vehicles in Dahab, Cairo & Luxor
- All sightseeing tours as per tour itinerary in Cairo & Luxor
- All admission fees to sightseeing in Cairo & Luxor as per tour itinerary
- Professional English speaking tour guide in Cairo & Luxor
- 1 Mineral water and soft drink during Cairo and Luxor tour
- Lunch meals during Cairo and Luxor tour at local restaurant in Cairo & Luxor
- Hotel accommodation at 4* hotel with breakfast in Luxor

Tour Excludes : -

- Optional tours in Cairo and Luxor
- Personal expenses in Cairo and Luxor

For more information and prices please visit

http://www.albaraagroup.com/Egypt/Excursions/Dahab/Two-days-tour-to-Cairo-and-Luxor-by-plane/

For More Excursions

http://www.albaraagroup.com/Egypt/Excursions/Dahab/

For Hot Deals And Best Offers Please Visit

http://www.albaraagroup.com/

Or contact us
Magdy Abdel ghany
Call : -
002 01062922290
Email : -
Info@albaraagroup.com

---

About the Author:
www.albaraagroup.com

Article Originally Published On: http://www.articlesnatch.com

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Source: http://www.articlesnatch.com/Article/Cairo-And-Luxor-Tours-From-Dahab/4475024

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