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St. James Place retirement community refinances debt

Thursday, 26 March 2015 11:52 Written by
St. James Place, a retirement community on Lee Drive, has issued $63.3 million in bond debt and will use the money for a number of purposes, including to retire a 2007 bond issue, two bank loans and terminate an interest rate swap, according to investment banker Ziegler. St. James issued two sets of bonds: $56.7 million in tax-exempt, fixed-rate bonds, and $6.6 million in taxable, fixed-rate bonds. "This transaction will convert their shorter-term
Baton Rouge-based duo designs iPhone case with crank to charge phones
Thursday, 26 March 2015 09:16 Written by
Two former LSU students have designed an iPhone case that allows users to charge their phones by cranking a handle on the back. Mark Gabriel and Erik Durr, co-founders of Baton Rouge-based Ampware, say the inspiration for the CrankCase came from Hurricane Katrina in 2005. Both men relied solely on their cell phones to stay connected to friends and family. In 2013, they began working on a device that would keep a smartphone powered when
Setpoint opening $400,000 product showroom at Baton Rouge HQ
Wednesday, 25 March 2015 18:31 Written by
Automation provider Setpoint Integrated Solutions will open a $400,000 interactive, industrial process showroom at its headquarters in Baton Rouge. The April 16 opening of the Integrated Technology Center will coincide with a grand opening for Setpoint’s new 113,000-square-foot U.S. operations headquarters at 19151 Highland Road. Setpoint is a subsidiary of PON Holdings B.V. of the Netherlands. “The ITC provides an innovative and interactive experience in a control room setting that provides a complete
LSU institute helps train Cyber Defense team
Wednesday, 25 March 2015 18:30 Written by
The LSU Stephenson Disaster Management Institute is helping train Louisiana National Guard members as part of a cyber security initiative. The institute has trained 40 Guard members — part of the state’s new CDIRT or Cyber Defense Incident Response Team — at a newly constructed joint “Cyber Range” in Baton Rouge. The partnership with the Louisiana National Guard is designed to facilitate information sharing about cyber threats between military and civilian sectors, according
Report: Baton Rouge Mid City ER closure a warning to other states following Louisiana's path
Wednesday, 25 March 2015 11:22 Written by
Baton Rouge General's decision to close its Mid City Emergency Room is an early warning to states that rejected federal funding to expand Medicaid, according to a Bloomberg News report. The story says the closure is "a real- world ripple effect of the ideological clash over President Barack Obama's health-care law." Nationwide, charity hospitals will lose billions of federal aid in late 2016. Expanding Medicaid was supposed to offset those funding cuts. "It's
Bloomberg report: Baton Rouge Mid City ER closure warning to other states
Wednesday, 25 March 2015 09:51 Written by
Baton Rouge General's decision to close its Mid City Emergency Room is an early warning to states that rejected federal funding to expand Medicaid, according to a Bloomberg News report. The story says the closure is "a real- world ripple effect of the ideological clash over President Barack Obama's health-care law." Nationwide, charity hospitals will lose billions of federal aid in late 2016. Expanding Medicaid was supposed to offset those funding cuts. "It's
Insurance company owner allegedly looted assets
Wednesday, 25 March 2015 09:49 Written by
Louisiana’s Insurance Department, along with those in Delaware and Texas, allowed a 20-something private-equity investor to buy two insurance companies in 2013 even though he had little experience in the industry. The investor, Alexander Chatfield Burns, allegedly replaced hundreds of millions of dollars worth of stock and bonds with nonpublicly traded or worthless assets, according to The Wall Street Journal. Those companies have since been seized by regulators because of issues with their
Mid City ER closure an indicator of things to come
Wednesday, 25 March 2015 09:41 Written by
Baton Rouge General's decision to close its Mid City Emergency Room is an early warning to states that rejected federal funding to expand Medicaid, according to a Bloomberg News report. The story says the closure is "a real- world ripple effect of the ideological clash over President Barack Obama's health-care law." Nationwide, charity hospitals will lose billions of federal aid in late 2016. Expanding Medicaid was supposed to offset those funding cuts. "It's
Sternbergs start leadership transition at Starmount, AlwaysCare
Tuesday, 24 March 2015 19:01 Written by
Starmount Life Insurance Co. and sister Baton Rouge company AlwaysCare Benefits Inc. have started a transition in leadership to the next generation for the family owned companies. The companies have named Erich Sternberg as chief executive officer and Deborah Sternberg as president. Erich Sternberg will share the CEO and chairman roles with the companies’ founder, Hans Sternberg. Erich Sternberg was president of Starmount Life and AlwaysCare, while Deborah Sternberg was executive vice president.
Zachary shopping center sold for $2.3 million
Tuesday, 24 March 2015 15:55 Written by
A Zachary shopping center has been sold for nearly $2.3 million to a group of investors from Natchez, Mississippi. Vidal Davis and Geronimo Hardwood Timber LLC purchased the Lake Pointe Center at 19900 Old Scenic Highway, said Randy Herring, an agent with Mike Falgoust & Associates Commercial Real Estate. Herring represented the buyers and the seller, Victoria Investment Properties LLC of Baton Rouge. According to records with the Mississippi Secretary of State’s Office,
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