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Looks like ....
EVOQ is in liquidation mode
Evoq sells 6 acres in the Central Business District for 80 million +..
UP 136% YTD.. Los Angeles coming back strong.
Very very nice .....
How 'bout that DGIT today ......
$50 million in cash generated from operations for the first six months .. looking for another $50 million in the next six months
Who knew .... sometimes you just gotta do a lil homework ...
More gains to come from here .... JMHO ... will double from here
Put this on your radar ..... NOW
Also ... get some ITI on your sheets at current levels cuz it's a sleeper until it's not ...
Good luck to all.
BTW, EVOQ is burning cash in it's operations. Not good. Someone needs to put out the fire at EVOQ. The new mgmt team just aint gittin her dun.
What a pile of .... EVOQ
So the 2012 statements are now published .... can you say UGGGLY
$23 million down the 2012 drain ....
2012 is a WHOPPING $23 million cash LOSS from operations.
That is $7 million more $$$$ in LOSSES than 2011.
It's been two years for the new management .... Bad Bad & Bad
We are now 7 months into 2013 ..... wonder if that means another $12 million in cash DOWN the drain. Of course who knows, since new mgmt has completely failed at communicating ....
New mgmt just aint gittng her dun ...
What a pile of .... EVOQ this is ...
FEDERAL TAX WITHHOLDING
The great irony of our time...
Massive government intrusion into private can only be combatted by massive private intrusion into government. Like most things in life...its and M&A deal!
Its all about people! So we are either one big group or all individuals. Hurry up and figure it out!
NEW OLD WORLD ORDER
Whats the market rate of providing emergency services to one of these billionaire idiots if there life or a loved ones life was in danger. These usurious scoundrels should be shown how it feels to beg and plead for livelihood...our rate is 20% of net worth...payable before any services take place!
Now it's David Murdocks turn to justify forcing owners to sell stock involuntarily. How about going into the market and buying the shares like everybody else does! Time for all these elite idiots to worry about operating rather than acquiring or re-acquiring.
Rock and a hard spot
No one seems very concerned...Gotta love the Meruelos. Who are these people! Rumor is the mom is the real killer.
The only concern remains figuring out what to do with a modern -day sweat shop disguised as 'Made in America' propaganda. Antiquated facility, undocumented workers, questionable work standards...not even sure you could get a fire truck to the right areas in an emergency. Even if they had a 99 yr lease...they gotta go!
Is his name 'Jack' Maddox!
Paying both sides ....
So it looks like EVOQ decided to sue Maddux and ...
gets to pay both sides of the legal bills ...
and will also pay his legal bills for losing their appeal ...
Oooouchhhhh!
Not very good business practices in play ...
Who's in charge anyways ...
WE LOVE CARLOS QUENTIN
Gotta stand corrected...AGonzalez is a classic player.
JHamilton has no head and APujols has no body.
Its going to be a great season...
All-Star Design Experts Join Team For Repurpose Of Los Angeles' Alameda Square (4/11/13)
Joey Shimoda and Mathew Foster Partner with Creative Space in Re-imagination of Historic 1.4 Million Square Foot Campus
LOS ANGELES, April 11, 2013 /PRNewswire/ -- Creative Space, an integrated development and marketing firm, announced today that seasoned architect and Contract Magazine's Designer of the Year, Joey Shimoda , along with branding expert Mathew Foster , have partnered with Creative Space to revitalize the iconic 1.4 million square foot Alameda Square campus strategically centered between Downtown Los Angeles' Fashion and Arts Districts. The two Arts District based- firms have joined forces with Creative Space to lead the site planning, architecture, and branding for the property.
Joey Shimoda AIA of Shimoda Design Group will contribute his architectural expertise to the restoration of the historic factory buildings. Shimoda is known for commercial and interior architecture for such clients as Steelcase, Mikimoto, Rolex, TOMS Shoes, MTV Networks and Bad Robot headquarters. Shimoda plans to provide a road map that allows for Alameda Square to take advantage of its existing architecture while injecting a new sense of place into the spaces in between the old and the new. His team is envisioning templates that allow for the project to encourage place making and social gathering. The catalyst includes special events, fresh food and open air retail with an emphasis on the globally home grown fashion community.
Rounding out this all-star team is Mathew Foster who brings his expertise in design and branding to Alameda Square. Formerly of Portland, Oregon, Foster has been instrumental in developing identities for a host of independent brands, and has worked with some of the best companies on the West Coast– including Wieden+Kennedy, Ace Hotel, 72 & Sunny and GAP.
"We are thrilled to have both Joey and Mathew partner with us on this highly-anticipated project," said Tyler Stonebreaker , chief executive officer and co-founder, Creative Space. " Alameda Square is one of the largest industrial complexes in Los Angeles with deep roots in the city's produce industry and more recently the fashion/apparel world. Our goal is to broaden its footprint and appeal to both local and global fashion/apparel companies while simultaneously bringing fresh perspective to the historic produce market on the western portion of the 32-acre campus."
Built in the early 1900s, Alameda Square has been home to a railroad terminal, produce market, food manufacturing plant and, most recently, fashion/apparel headquarters. Said Foster, "My goal is to create a mixture of classic and historic masculinity that reflects Alameda Square 's railroad and warehouse origins balanced with the bright, irreverence and playfulness of grocery, produce and fashion."
Creative Space was brought in by EVOQ Properties, Inc. ("EVOQ"), a publicly owned real estate private equity firm, to oversee the revamp of the factory buildings into the region's central hub for fashion innovation. The massive four-building complex at Seventh and Alameda Street in Downtown Los Angeles currently houses American Apparel, which occupies half of the space and Groceries, who recently moved from the adjacent Arts District and is occupying 30,000 square feet in Building 2. Splendid® and Ella Moss® contemporary lifestyle brands will be the next major tenants to relocate their corporate headquarters to Alameda Square in April 2013 and will occupy 84,000 square feet in Building 1.
Creative Space
Creative Space is fundamentally transforming the industry by rethinking the entire framework of the real estate process for businesses and property owners. Headquartered in Downtown Los Angeles's Arts District, Creative Space was founded by Tyler Stonebreaker , a trailblazer in bridging the creative world and real estate, and Michael Smith , an accomplished music and media entrepreneur. Creative Space has worked with varied clients in the hospitality, entertainment, fashion and craft industries including Poketo, Handsome Coffee Roasters, OHWOW, Beckley Boutique and Warner Music Group. To learn more about Creative Space, please visit www.creativespace.us.
Media Contact:
Melissa Barto
JCUTLER media group
Melissa@jcutlermedia.com
SOURCE Creative Space
RELATED LINKS
http://creativespace.us
All-Star Design Experts Join Team For Repurpose Of Los Angeles' Alameda Square (4/11/13)
Joey Shimoda and Mathew Foster Partner with Creative Space in Re-imagination of Historic 1.4 Million Square Foot Campus
LOS ANGELES, April 11, 2013 /PRNewswire/ -- Creative Space, an integrated development and marketing firm, announced today that seasoned architect and Contract Magazine's Designer of the Year, Joey Shimoda , along with branding expert Mathew Foster , have partnered with Creative Space to revitalize the iconic 1.4 million square foot Alameda Square campus strategically centered between Downtown Los Angeles' Fashion and Arts Districts. The two Arts District based- firms have joined forces with Creative Space to lead the site planning, architecture, and branding for the property.
Joey Shimoda AIA of Shimoda Design Group will contribute his architectural expertise to the restoration of the historic factory buildings. Shimoda is known for commercial and interior architecture for such clients as Steelcase, Mikimoto, Rolex, TOMS Shoes, MTV Networks and Bad Robot headquarters. Shimoda plans to provide a road map that allows for Alameda Square to take advantage of its existing architecture while injecting a new sense of place into the spaces in between the old and the new. His team is envisioning templates that allow for the project to encourage place making and social gathering. The catalyst includes special events, fresh food and open air retail with an emphasis on the globally home grown fashion community.
Rounding out this all-star team is Mathew Foster who brings his expertise in design and branding to Alameda Square. Formerly of Portland, Oregon, Foster has been instrumental in developing identities for a host of independent brands, and has worked with some of the best companies on the West Coast– including Wieden+Kennedy, Ace Hotel, 72 & Sunny and GAP.
"We are thrilled to have both Joey and Mathew partner with us on this highly-anticipated project," said Tyler Stonebreaker , chief executive officer and co-founder, Creative Space. " Alameda Square is one of the largest industrial complexes in Los Angeles with deep roots in the city's produce industry and more recently the fashion/apparel world. Our goal is to broaden its footprint and appeal to both local and global fashion/apparel companies while simultaneously bringing fresh perspective to the historic produce market on the western portion of the 32-acre campus."
Built in the early 1900s, Alameda Square has been home to a railroad terminal, produce market, food manufacturing plant and, most recently, fashion/apparel headquarters. Said Foster, "My goal is to create a mixture of classic and historic masculinity that reflects Alameda Square 's railroad and warehouse origins balanced with the bright, irreverence and playfulness of grocery, produce and fashion."
Creative Space was brought in by EVOQ Properties, Inc. ("EVOQ"), a publicly owned real estate private equity firm, to oversee the revamp of the factory buildings into the region's central hub for fashion innovation. The massive four-building complex at Seventh and Alameda Street in Downtown Los Angeles currently houses American Apparel, which occupies half of the space and Groceries, who recently moved from the adjacent Arts District and is occupying 30,000 square feet in Building 2. Splendid® and Ella Moss® contemporary lifestyle brands will be the next major tenants to relocate their corporate headquarters to Alameda Square in April 2013 and will occupy 84,000 square feet in Building 1.
Creative Space
Creative Space is fundamentally transforming the industry by rethinking the entire framework of the real estate process for businesses and property owners. Headquartered in Downtown Los Angeles's Arts District, Creative Space was founded by Tyler Stonebreaker , a trailblazer in bridging the creative world and real estate, and Michael Smith , an accomplished music and media entrepreneur. Creative Space has worked with varied clients in the hospitality, entertainment, fashion and craft industries including Poketo, Handsome Coffee Roasters, OHWOW, Beckley Boutique and Warner Music Group. To learn more about Creative Space, please visit www.creativespace.us.
Media Contact:
Melissa Barto
JCUTLER media group
Melissa@jcutlermedia.com
SOURCE Creative Space
RELATED LINKS
http://creativespace.us
A KISS ....
Keep It Simple Stupid ....
Considering this company is failing as a "public" company in all respects at communicating timely information as a "PUBLICY" held company ...
can someone tell me WHAT THE HELL this actually says ...
>>>> Total gross proceeds from the sale were $16.25 million. A portion of the net proceeds was used for general corporate purposes and additional leasing costs at other company properties.
“Capital from this sale will enable us to continue focusing on our core assets, including Alameda Square, in Downtown Los Angeles. Investing in improvements to those properties will attract creative companies that are looking for a unique space at the cross-section of the burgeoning arts and fashion hubs in Los Angeles,” said Martin Caverly, CEO of EVOQ Properties. <<<<
A portion ???? what portion 99% or 2%
Net proceeds ??? a dollar, a thousand dollars, a million dollars
Investing ??? really ... WOW! Builing tenant improvements is considered investing ... wtf ... c'mon they're treating their own investors as idiots ...
This is horribly written and doesn't say crap .... nobody other than current insiders could make sense of this. Better off not to release this kind of crappy communication.
New management is in trouble here ... JMHO
Bad, Bad and even worse than prior mgmt.
EVOQ Properties Announces Sale of Desmond Building in Downtown Los Angeles (4/04/13)
LOS ANGELES--(BUSINESS WIRE)--EVOQ Properties, Inc. (OTC - EVOQ.PK), a publicly owned real estate firm headquartered in Downtown Los Angeles, today announced the disposition of the Desmond Building, located at 425 West 11th Street in Los Angeles.
Total gross proceeds from the sale were $16.25 million. A portion of the net proceeds was used for general corporate purposes and additional leasing costs at other company properties.
“Capital from this sale will enable us to continue focusing on our core assets, including Alameda Square, in Downtown Los Angeles. Investing in improvements to those properties will attract creative companies that are looking for a unique space at the cross-section of the burgeoning arts and fashion hubs in Los Angeles,” said Martin Caverly, CEO of EVOQ Properties.
About EVOQ Properties Inc.
EVOQ is one of the largest property owners in downtown Los Angeles, with holdings in industrial, office, retail, residential, and mixed-use real estate. For additional information on EVOQ and its properties, please visit the Company’s website at EvoqProperties.com.
Forward Looking Statements
This release contains forward-looking statements that are made in reliance upon the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are generally accompanied by words such as "anticipate," "continues," "expect," "forecast," "outlook," "believe," "estimate," "should" and "will" and words of similar effect that convey future meaning, concerning the Company's operations, economic performance and management's best judgment as to what may occur in the future. Future events involve risks and uncertainties that may cause actual results to differ materially from those we currently anticipate. The actual results for the current and future periods and other corporate developments will depend upon a number of economic, competitive and other influences. Many of these risks and uncertainties are beyond the control of the Company, and any one of which, or a combination of which, could materially and adversely affect the results of the Company's operations and its financial condition. We undertake no obligation to update information contained in this release.
Contacts
For EVOQ Properties
Christie Ly
Mobile: 917-617-2437
christiely3@gmail.com
http://www.businesswire.com/news/home/20130404006348/en/EVOQ-Properties-Announces-Sale-Desmond-Building-Downtown
A cool $10 million and a thank you ...
Meruelo now down a cool $10 million on DGIT ...
A big thank you to the seller of DGIT as I am a buyer and simply taking shares in ... THANKS ...
Hey what's UP with EVOQ ... stock price is UP ... hey this company is alive and breathing .... WOW!
I am a buyer today again ...
of DGIT .... A Meruelo company
and IMO stay away from EVOQ as it's an inside job (NOW) ...
Good Luck to All ..
I am a buyer today ...
I'm buying DGIT today ....
The setup looks great ....
Is anyone else looking at DGIT or in the name ... (hint IMO you can use both hands today to buy)
BTW, IMO EVOQ is not investable as new mgmt is worse than old and will end up with the spoils ...
Good luck to all ..
The DGIT move was in 2012 ...
Did you find it ... do you know A Meruelo
It was followed by the DGIT announcement referenced ...
and another move of significance was made shortly after the DGIT announcement ...
but not by Meruelo .... go find it ... cuz it's a signature move ...
This DGIT was and is a great tip for you 56Chevy to seize and get your due diligence completed ...
I'm now long more that 20,000 shares of DGIT at or near current levels .. peanuts in comparison ...
I plan to get even longer ...
BTW, did I see an ad for filming posted on an EVOQ proerty today? where it says call 1-800 film evq or something like this ... has anyone else seen this? the property is on 8th street ..
Good luck to everyone ....
Is this the move at DGIT Meruelo made?
Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Digital Generation, Inc.
NEW YORK, March 20, 2013 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of Digital Generation, Inc. ("Digital Generation" or the "Company") (NasdaqGS: DGIT -News). The investigation focuses on whether the Company and its executives violated federal securities laws.
On February 19, 2013, shares of Digital Generation fell $2.53 or 28% to close at $6.45 after the company announced its failure to find a buyer or strategic partner and on the company's fourth quarter and 2012 annual report, where annual consolidated revenue decreased by 4% year to year, and the company took a $20.8 million loss, including a $11.4 million goodwill impairment charge. The 2012 loss from continuing operations (including a goodwill impairment charge of $219.6 million) was $238.8 million.
http://ih.advfn.com/p.php?pid=nmona&article=56826843
Huge insider buying ....
There were huge insider buying this week ....
in DGIT with approximately $2.3 million shares purchased in the open market by COB, CEO et al.
It represents about 1% of the shares ....
Meruelo still in for $27 million ...
Quite different from EVOQ ... where you wouldn't have a clue WTF is going on ... cuz certain people lack integrity ...
Dropped a cool $7 million ...
Looks like Meruelo dropped a cool $7 mil on DGIT since last week.
I bot more DGIT shares in the $6 range this week while out of town in Arizona. Hey it was raining and snowing in Phoenix. ??
And DGIT was burying Meruleo this week.
Now long DGIT ....
Following Meruelo into DGIT ....
Nuff said.
Looks to me like .....
Meruelo got a better deal on Trump Plaza than Taylor et al got on taking over MMPI .....
Trump Plaza comes with a (gambling) license to legally steal money from the public ....
The article said the buildings original cost to build was over $200 million and so it looks like he's buying it at 10 cents on the dollar .... not sure if any debt was assumed but it doesn't look like it ....
On another note .... I got bids just below the market on DGIT as I follow Meruelo into the name ...
Also, please keep in mind Richard and Alex are brothers with separate business interests ..
Good Luck to all
Just amazing they could do that deal after the BK in LA.
Meruelo tells Donald Trump you're FIRED ...
Meruelo buys Trump Plaza amongst other things ...
http://www.npr.org/templates/story/story.php?storyId=172031001
Alex Meruelo is on the move ...
Meruelo on the move .....
Did anyone notice that Meruelo is making a move on DGIT ....
Kinda interesting ......
EVOQ Announces Sale of Three Properties in Los Angeles (1/30/13)
LOS ANGELES--(BUSINESS WIRE)--EVOQ Properties, Inc. (OTC - EVOQ.PK), a publicly owned real estate firm headquartered in Downtown Los Angeles, today announced the disposition of three non-core assets located in Los Angeles. The sales occurred in December and January.
The sales included 915-949 S. Hill, a series of vacant lots and industrial buildings, and industrial buildings located at 759 Ceres Avenue and 643 Gladys Avenue. All of the properties are in Los Angeles.
Total gross proceeds from the sales were $19.5 million. A portion of the net proceeds was used to retire approximately $15.3 million of secured principal debt and $1.7 million of contingent deferred interest.
“We continue to actively pursue our plan to strategically dispose of non-core assets, which allows us to re-invest the capital into opportunities that have the strongest potential for growth and return on investment,” said Martin Caverly, CEO of EVOQ Properties. “We believe our focus on our core assets in Downtown Los Angeles will bring long-term value not only to our company, but to the development of those neighborhoods into a stronger community.”
About EVOQ Properties Inc.
EVOQ is one of the largest property owners in downtown Los Angeles, with holdings in industrial, office, retail, residential, and mixed-use real estate. For additional information on EVOQ and its properties, please visit the Company’s website at EvoqProperties.com.
Forward Looking Statements
This release contains forward-looking statements that are made in reliance upon the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are generally accompanied by words such as "anticipate," "continues," "expect," "forecast," "outlook," "believe," "estimate," "should" and "will" and words of similar effect that convey future meaning, concerning the Company's operations, economic performance and management's best judgment as to what may occur in the future. Future events involve risks and uncertainties that may cause actual results to differ materially from those we currently anticipate. The actual results for the current and future periods and other corporate developments will depend upon a number of economic, competitive and other influences. Many of these risks and uncertainties are beyond the control of the Company, and any one of which, or a combination of which, could materially and adversely affect the results of the Company's operations and its financial condition. We undertake no obligation to update information contained in this release.
Contacts
For EVOQ Properties
Christie Ly
Mobile: 917-617-2437
christiely3@gmail.com
http://www.businesswire.com/news/home/20130130005408/en/EVOQ-Properties-Announces-Sale-Properties-Los-Angeles
YOUR DAYS ARE NUMBERED
Curious if all the parking AA employees enjoy is included in the lease agreement? Got to think if those scumbags moved their production to a more suitable location AA would be better off...Might even be able to pay the labor a little better, or god forbid hire legal workers. So its either move now and possibly salvage the company and maybe even own a tangible asset, or move in 6 yrs(if you make it that long) with nothing. Wouldn't mind owning a lil APP stock! Dov is the decision still yours? Anybody been to the municipal facilities on Bauchet St.? Would love to take a bulldozer...
Are you sure the company is still called EVOQ. Thought it was BREAD AND CIRCUS LP. Wasted time, wasted money, wasted energy but lots of memories and few regrets.
Healthcare, Housing, Media, Water and Energy...
Viva Green-T Bills!
By the way...there are two or three individuals who could apply the tourniquet and save the appendage...but first the company has to recognize the problem and realize they need help!
EVOQ needs a tourniquet ...
I get the sense this lil piggy is bleeding badly and needs big time help ....
A touniquet will stop the bleeding but it really needs a blood transfusion which means DILUTION.
Steer clear of this private piglet of a company lead by three blind expensive mice.
In a funny note .... Today, Los Angeles Mayor Antonio Villaraigosa joined the Campaign to Fix the National Debt Steering Committee.
How ironic as ....
The City of Los Angeles will file BK within 3 years because of Tony Valar.
At least-- were getting news from the company
EVOQ Announces Disposition of Nine Non-Core Assets (11/19/12)
LOS ANGELES--(BUSINESS WIRE)--EVOQ Properties, Inc. (OTC - EVOQ.PK), a publicly owned real estate firm headquartered in Downtown Los Angeles, today announced the disposition of nine non-core assets located throughout Southern California. The sales all occurred in 2012.
The sales included the Union Lofts building in Downtown Los Angeles; 2415 Washington Boulevard, 5707 South Alameda Street, 1000 East Cesar Chavez Boulevard, 718 Jackson Street and 644 Gladys Avenue, which are industrial buildings in Los Angeles; a parking lot at 648 Stanford Street in Los Angeles; and two vacant land sites in Covina and Sylmar.
Total gross proceeds from the sales were $55.4 million. A portion of the net proceeds was used to retire approximately $35.8 million of secured debt.
“EVOQ’s strategy is to strategically dispose of non-core assets, refocus our efforts and re-invest in our properties with significant value-add potential in Downtown Los Angeles,” said Martin Caverly, CEO of EVOQ Properties.
About EVOQ Properties Inc.
EVOQ is one of the largest property owners in downtown Los Angeles, with holdings in industrial, office, retail, residential, and mixed-use real estate. For additional information on EVOQ and its properties, please visit the Company’s website at EvoqProperties.com.
Forward Looking Statements
This release contains forward-looking statements that are made in reliance upon the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are generally accompanied by words such as "anticipate," "continues," "expect," "forecast," "outlook," "believe," "estimate," "should" and "will" and words of similar effect that convey future meaning, concerning the Company's operations, economic performance and management's best judgment as to what may occur in the future. Future events involve risks and uncertainties that may cause actual results to differ materially from those we currently anticipate. The actual results for the current and future periods and other corporate developments will depend upon a number of economic, competitive and other influences. Many of these risks and uncertainties are beyond the control of the Company, and any one of which, or a combination of which, could materially and adversely affect the results of the Company's operations and its financial condition. We undertake no obligation to update information contained in this release.
Contacts
Grayling for EVOQ Properties
Christie Ly
christie.ly@grayling.com
213-802-1153
Mobile: 213-268-1136
http://www.businesswire.com/news/home/20121119005329/en/EVOQ-Properties-Announces-Disposition-Non-Core-Assets