Word: trusted
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Dates: during 2000-2009
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...training and development managers. The rooftop patio hosts just about every hokey team-building exercise ever invented. Trainees regularly participate in 100-person lap sits, in which each person sits on the next one's knees, forming a circle while trying mightily to stay balanced. There are blindfolded "trust walks" and, until recently, group-dancing first thing in the morning. Sadly, Morning Boogie was phased out after the speaker system got blown away in a typhoon...
...condo. Instead, their company, Premier Pacific Vineyards, has been snapping up land in prime wine-growing areas of California, Oregon and Washington since 2002. Hill and Wollack are developing vineyards that produce high-end grapes used in premium wines. The play? Bundle their vineyards into a real estate investment trust (REIT), and take it public...
Even Entertainment Properties Trust, a publicly traded REIT that owns movie theaters, recently ventured into the vineyard business, purchasing at least three vineyards, all focusing on upscale grapes. Chief executive David Brain believes demographics will drive that sector for the next 10 to 15 years, and he expects average annual returns of about 10%. The demand has pushed the price per acre in Napa Valley's premium vineyards to between $200,000 and $300,000, up from between $125,000 and $180,000 in 2002, according to Tony Correia, president of Correia-Xavier Inc., a property appraiser in Fresno, Calif...
Even now, it's not all wine and roses. Vintage Wine Trust, a private REIT formed in San Rafael, Calif., in January 2005, is already looking at alternatives to taking the company public. Chief financial officer Tamara Fischer says finding buyout targets and persuading wineries to sell through sale-leasebacks have been tougher than expected. "We thought we'd have $300 million invested in 18 months," she says. "But at 28 months, we only have $165 million...
...Policy Board chairman has some latitude to launch studies into issues that concern him, and some Democrats, including many who have put great trust and hope in Gates, have suggested that Hamre's appointment represents an important changing of the guard at the Pentagon...