RE-BRANDING: Hotel/Condo Conversion

UrbanAmerica in a joint venture with Buena Vista Hospitality Group has acquired and has converted the former Sheraton World Resort and Spa into a condo-hotel. The property, now named International Plaza Resort & Spa is an existing and fully operational hotel, spa, and is directly adjacent to Sea World and within a few miles of both Disney and Universal theme parks.

OPINION: UA is taking some of the hotel rooms and converting them into condos. Construction has began on the hotel. This a great chance for second home investments and time shares. What's great about is that you would have all the amenities of a hotel built in. The re-branding of a hotel is not an easy task, a lot is involved in getting your name out and in promoting your product in the market. The marketing sales campaign is out!

Sep 8 Benchmark had NEGATIVE effect

Brokerage firms had hoped to get a lift from the Fed's decision in late September to reduce its benchmark interest rate and try to restore confidence. But shares of most firms, like that market, have experienced a decline since the close on Sep 18. SOURCE - JPMorgan

Rice Sees Mideast

Hands painted bood red, protester Diree Anita Ali-Fairooz confrionts Secratary of Sate Candoleeza Rice before she testiffies to Congress on Iraq, Iran and Isreal-Palesttine conflict.

In a House hearing interrupted by anti-war protesters, Rice said an upcoming peace conference inn Annapolis is needed to spur moderate Palestinian forces. She blamed Iran for fanning flames in the region, including what she called "new support for Hamas" militants.

Another Year for Astroland

Astroland will roll on another year... so if you have not gone recently GO! Executives from Coney Island and its landlord, Thor Equities announced yesterday their agreement to keep the park open throught next summer. Thor bought the park last year for $30 million.

Urban II Acquisitions

As of July 07, UA has invested it $50 million New Markets Tax Credit allocation. This month UA was awarded an additonal $75 million in NMTC program.

Fiscal Needs before Social Obligation:

LEFT - Richmond McCoy : RIGHt- John Utendahl

INSIDER ENRICHMENT ACT
Both men are exploiting a federal law called CRA - the Community Reinvestment; enacted 24 years ago. It was designed to encourage federal banks, thrift & mortage banks to suppy credit to common folks in communities in which they take deposits from. **If banks fail to satify CRA requirements, they will have trouble completing mergers and open themselves for class actions.

Both men cashed in this market, they team up with some big wigs to include: American Express-KEN CHENUALT, AOL Time Warner- DICK PARSON & fame merger lawyer JOSEPH FLOM of Skadden, Arps, Slate, Meagher & Flom and called it..... UrbanAmerica! Well there you have it folks, that's how is all got started.

2007 TRAILBLAZER AWARD

UA's President & CEO, Richmond McCoy, was recently awarded the 2007 Trailblazer Award at this years Global Diversity Summit. The award is in recognition of the great strides forward Mr. McCoy has taken the firm in being the forerunner of bringing institutional capital to urban markets. It is the peers in the industry that have recognized Mr. McCoy for his leadership and success with UrbanAmerica opening urban markets to institutional investment.

Lee Iacocca and Snoop Dogg shoot a Chrysler ad.

FO SssHIZZLE:

Fifteen years after retiring from the car business, Iacocca, 82, still is remembered as the man who gave us the Mustang and the minivan. Who saved Chrysler, and who created the Detroit Big Three when he bought No. 4, American Motors, to acquire its Jeep line.

New York Yankees Partnership

OFFICERS:

Principal Owner: George M. Steinbrenner III

Chairman, Yankee Global Enterprises: Harold Z. (Hal) Steinbrenner

President: Randy Levine

Hal Steinbrenner has enlisted Felix Lopez, the husband of his other sister, Jessica, to serve as his envoy in New York. Lopez will travel to New York at least twice a month to evaluate the club's personnel, both on and off the field.

GET MONEY to Launch the Business

Assets Under Management

The Wall Street Journal

* See What Capital Raise Efforts will get you!!

Battle of the Overpass - May 26, 1937

Union organizers obtained a permit to distribute handbills at the gates of the Rouge plant. Over fifty union representatives, including many women, arrived at the plant to distribute circulars which cited the Wagner Act and entreated workers to join the UAW.
Above: Three Ford security men approach UAW organizers just before the Battle of the Overpass in 1937. The union men are, from left, Robert Kanter, Walter Reuther, Richard Frankensteen and J.J. Kennedy.

Ford Goons Give a Beating!!

Ford goons pulled Frankensteen's coat over his head and began beating him.

Reuther & Frankensteen After the Battle

Several men had been stationed around the entrance to the Rouge including Angelo Caruso, boss of the Down River gang, wrestlers Warshon Sarkisien and Ted Gries, boxer Oscar Jones, and Ford servicemen. The organizers were ordered to leave, but witnesses say, before they even had a chance, the attack began.

Call For Protest

Frankesteen speaks at a June, 1937, meeting called to protest the beatings at the Battle of the Overpass at the Ford Rouge Plant. ***Look at the Camera (Photo files of The Detroit News.)

Editorial: Hempstead Needs a Visionary Plan

Newsday
October 11, 2007

*Hempstead Village has unfortunately shut the door on a $2 billion project that had the promise of restoring it as a thriving regional center. The vision was too big, too grand and too upscale for some, especially the personal and political opponents of Mayor Wayne Hall.

OPINION: Mayor Hall, after 14 months of negotiating, still didn't have the votes; he refuses to let the village "rot away." UA should participate in the revitalization by offering 15%-20% of affordable housing

Read More at: http://www.libn.com/article.htm?articleID=40247

Hempstead Redevelopment Plan Scuttled

October 7, 2007
Hempstead Redevelopment Plan Scuttled
By ANNIE CORREAL

*IN a surprise turnaround, the Hempstead Village mayor has withdrawn plans for a $2 billion redevelopment project that would have razed 26 acres downtown and replaced shabby storefronts and vacant lots with 2,500 condominiums and a new commercial district.

OPINION: Plan was strangled and sucked into the wind. Ignorance play a huge part by the trustees.

Source: http://query.nytimes.com/gst/fullpage.html?res=9402EEDE1231F934A35753C1A9619C8B63

FOREIGN ACQUISITIONS IN THE U.S., YEAR TO DATE

BACK OF THE ENVELOPE

OPINION: Analysts expect that one consequence of the week dollar will be an increase in acquisitions of American companies by foreign investors. Two came in this week: Nokia bought Navteq for $8.1 billion and Toronto-Dominion Bank purchased Commerce Bancorp for $8.5 billion.

Country / Deals / Value/ % MARKET SHARE:
*Canada, 356 deals make $51.4B - 18.6%
*Britain, 191 make $42.2B – 15.3%
*Netherlands, 32 make $24B – 8.7%
*Spain, 13 make $21.7B – 7.9%
*Australia, 92 make $15.9B – 5.8%
*Germany, 40 make $14.4B – 5.2%
*Saudi Arabia, 2 make $12.7B – 4.6%
*Sweden, 32 make $10.9B – 4.0%
*Switzerland, 24 make $10.9B – 4%
*United Arab Emirate, 7 makes $8.3B – 3.0%

Source: Thomson Financial

Website - Usage & E-Commerce

This company's site is for informational purposes only. It provides a general overview of the company, management team, investment strategy, investor relations, News and sitemap section.

This wouldn't be a site to purchase goods by far, hence a conversion rate would not play out here. Instead MS SharePoint was incorporated as a one-stop informational and a communications resource for the stakeholders. Investors, property managers, tenants and employees may login in to access relevant dasboards.

UrbanAmerica Plan Pulled

UrbanAmerica plan pulled
By David Winzelberg

*Just before voting on a $2 billion plan to revitalize Hempstead Village's downtown, Mayor Wayne Hall pulled UrbanAmerica’s proposal from consideration Tuesday night.
Citing “irreconcilable differences” between village trustees over the proposed redevelopment, Hall mentioned concerns about the mortgage rates and a declining housing market.

Opinion: It might have been the best move to nix the plan out of the Trustee's hands. This might create another opportunity to present the proposed site plan once again. The proposed plan would have created about 5,200 construction jobs, 1,200 permanent jobs and about $35 million a year in tax revenue.

Hempstead to Vote as Last

ONE MORE TIME... The Village of Hempstead will vote tonight on UrbanAmerica's plan to redevelop 26 acres of its downtown.
The $2 billion proposal to build 2,500 condos, 600,000 square feet of retail and office space and a performing arts center has been debated by the village board of trustees for months and several votes on the project were scheduled and postponed.
There was speculation that a vote last week was postponed because Hempstead Mayor Wayne Hall didn’t have the votes necessary to get the plan approved. Tonight’s meeting is scheduled for 7 p.m. at the Village Hall.

G.M. May Close 2 More Plants Under Deal

G.M. May Close 2 More Plants Under Deal
By THE ASSOCIATED PRESS

*DETROIT (AP) -- The tentative contract between General Motors Corp. and the United Auto Workers would allow GM to close a plant each in Michigan and Indiana and possibly shut down several other facilities, according to a detailed copy of the agreement.
The moves are the downside of job security pledges that the UAW won in the negotiations, including commitments for new products at 16 plants. About 74,000 hourly GM workers will vote on the pact starting this week, with a final tally to be done by Oct. 10.

Read more: http://www.nytimes.com/aponline/business/AP-Auto-Talks.html?_r=1&oref=slogin&ref=business&pagewanted=print