Panda Express, a national franchise with 1,600 locations across 49 states, recently acquired the former Chantilly’s Rock N ‘50s at 3811 Airport Boulevard according to John Vallas at Vallas Realty, Inc. Demolition is expected to start soon for the new restaurant with the opening slated for March, 2014.
“Panda Express will join Dunkin Donuts, Chipotle, Cheddar’s and Jason’s Deli in an area on Airport Boulevard that has seen a number of re-developments,” Vallas said.
A local investor recently bought the 28,400-square-foot Wolf Bay Plaza retail center on Canal Road in Orange Beach. The property sold for roughly $1.56 Million. Marl Cummings with Cummings & Associates, Inc. handled the transaction for both buyer and seller.
Ingalls reports third quarter results
Huntington Ingalls Industries (NYSE: HII) in Pascagoula, MS, recently reported third quarter 2013 revenues of $1.64 Billion; a 2.6 percent increase from the same time frame last year. Third quarter diluted earnings per share was $1.36, up from $0.26 for same period of 2012.
The gains were primarily attributable to the impact of hurricane insurance recoveries, closing of the Gulfport Composite Center of Excellence and favorable resolution of outstanding contract changes in 2012.
“During this uncertain budget environment, our healthy backlog continues to support our programs. We remain confident in our ability to deliver 9-plus percent operating margin by 2015,” Mike Peters, Huntington Ingalls President and CEO, said.
“Despite challenges encountered during the test programs for the last two underperforming ships, we delivered LPD-25 Somerset shortly after the quarter’s end and are on a path to deliver LHA-6 America at the end of the first quarter of 2014,” Peters continued.
Other key Ingalls program milestone summaries for the third quarter were: Delivering the final aft peripheral vertical launch system (PVLS); Launching the fourth U.S. Coast Guard NSC, WMSL-753 Hamilton; Completing successful builder’s sea trials for LPD-25 Somerset — the ninth San Antonio-class ship; Starting fabrication of DDG-114 Ralph Johnson — Ingalls’ 30th Arleigh Burke-class destroyer.
New franchise owner gets “Rookie of the Year”
Local entrepreneur and BrightStar Care owner, Leon Maisel, was recently recognized at BrightStar’s national conference as a distinguished recipient of the company’s “Rookie of the Year” Award.
BrightStar Care is a national franchise with more than 250 locations in 38 states that provides medical and non-medical care to private clients within their homes, as well as supplemental care staff to corporate clients.
“This is truly an honor to be recognized in the BrightStar Care system,” Maisel said.
The company offers myriad services, including adult and elder homecare and childcare, as well as supplemental healthcare staffing to area hospitals and nursing homes. Care and staffing services include: companionship and personal care to assist seniors in their homes with activities of daily living, sick child care, transitioning patients safely home from the hospital, and skilled nursing care for patients suffering from a wide range of chronic conditions (i.e. heart failure, COPD, or pneumonia).
“Having a registered nurse readily available is what allows BrightStar to perform the wide variety of services that they offer, differentiating them from many other home healthcare services in the area,” Maisel said.
Maisel was chosen as one of four owners out of a total of 13 BrightStar Care locations across the country. All were considered “rookies” (opened within the last 18 months). They were chosen according to who had achieved the best first-year sales growth as well as consistently receiving excellent patient satisfaction scores from surveys across the nation.
Mobile attorney selected for new state committee
Jim Jeffries was recently selected to serve on a new Alabama Law Institute (ALI) committee created last July; one of only two attorneys in Mobile chosen for the position.
The Standing Family Law Legislative Committee is comprised of judges, lawyers, professors and legislators from across the state. Its goal is to serve as a sounding board for new family legislation introduced to the Alabama Legislature on Goat Hill.
“One of our first tasks will be to review the recent decision overturning the Bayliss case, which had been an Alabama law since 1989. It allowed judges to order non-custodial parents to help pay college expenses for children over 19. Child support ends at 19 by statute. As it stands, those parents can no longer be ordered to pay these costs. Obviously this is a big change having a major impact on many families moving forward,” Jeffries said.
Recently in the media, President Obama apologized for the thousands of individuals and small business owners that experienced cancelation and rate increase notices, forcing many off those pre-reform plans. In 2009, the president sold Obamacare to the American people on a promise made in response to concerns about health care reform. Citizens were worried they would lose their health insurance policies; the president promised that they could keep their policies.
According to Dennis Mayfield, President of Mayfield & Associates, providers will ante up millions in subsidy payments to the U.S. Treasury in 2014 along with government tax subsidies for the “400 percent or below” poverty level earners across all 50 States.
“Think about it like this; you own a company and one day the federal government decides everyone must buy something from you. Uncle Sam is going to subsidize 65 percent of the consumers to pay for it and basically force the other 35 percent of consumers to pony up or pay a tax penalty at year end. Sounds like a great deal, right?” Mayfield said.
The Affordable Care Act creates numerous challenges for virtually every facility and caregiver in every state across the country per Mayfield.
“Subsidy or not, this is unfamiliar territory for many Americans that now face higher premiums, taxes, penalty’s, usage fees and possibly more,” Mayfield said.