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MIAMI BEACH, Fla.--(BUSINESS WIRE)--Michael Capponi, one of Miami's most respected and well-known hospitality entrepreneurs, known for setting records in event promotion, is now setting records in the real estate market. Capponi, Principal of The Capponi Group, which specializes in the development of high-end, luxury single-family homes, has set a Miami Beach record with the $4.3 million sale of a Sunset Island II home, the highest price ever recorded for an existing, non-waterfront property. The renovated three-story, 9,600 sq. ft. residence, located on a 13,000 sq. ft. lot at 2501 Bay Avenue, Miami Beach, has seven bedrooms, four full bathrooms, two powder rooms, a large formal dining room, and a loft-like living room with 25-foot ceilings and bay views. It features Caribbean overtones throughout and contains a separate family room with mahogany built-ins, an entertainment complex with a large movie theatre, a wine cellar room, wet bar, billiard room and gym.
In a bid to plug loopholes in the country's coastline security, Coastguard plans to set up five major coastguard stations by next year and boost its strength by inducting 21 more warships. The force also plans to set up three marine coastal security units off the Arabian coast with the help of Union Home Ministry on fast track basis to check smuggling of arms and explosive material by terrorist groups operating from Pakistani soil, Coastguard Director General Vice Admiral R F Contractor said.Making a presentation at the Coastguard Commanders conference here in the presence of Defence Minister Pranab Mukherjee, Contractor said the three new marine police stations were planned to be set up at Vereval, Dahanu and Murud Janjira in Guajart."These stations would be set up on fast track in coordination with the Home Ministry in view of the prevailing security situation", Contractor said.The Commanders conference was also attended by the Defence Secretary Shekar Dutt and senior defence and Home Ministry officials.
The government will recover $98.5 million from a software contractor charged with providing fraudulent prices during negotiations that allowed the company to sell to agencies through the General Services Administrations federal supply schedules program. .
The presence of Portuguese companies at the fourth edition of the Civil Construction, Public Works and Security Fair, ConstroiAngola, achieved the objectives that were set, said last Sunday a top official of the Portuguese Industrial Association (AIP), Sandra Fragoso. In an interview to ANGOP, at the last day of Constri Angola fair that was opened Wednesday here, she said that he was satisfied, considering the contacts made by the Portuguese companies. .
Core Construction Florida won a contract to build 108 luxury condominiums at Clermont Yacht Club off Highway 27 on Masthead Boulevard overlooking Lake Minneola in Clermont. Edward A. Storey II, director of business development for the Orlando general contracting company, says construction is set to begin in November on the $26 million project. .
New evidence from animal models suggests marijuana may contain compounds that slow the memory loss associated with Alzheimer's disease. Older rats treated with a synthetic chemical similar to marijuana significantly improved their ability to navigate a maze. Researchers believe the strong anti-inflammatory effects of marijuana slow Alzheimer's progression. The link between chronic inflammation and the progression of Alzheimer's is compelling, said Gary Wenk, a study co-author and a professor of psychology at Ohio State University. “Inflammation in the brain is part of aging," Wenk said. “It happens to almost all of us as we age. But in some cases, this inflammation gets out of hand and causes serious damage." Treatment with a synthetic compound similar to marijuana reduced inflammation in older rats in addition to making the animals “smarter," said Wenk, who is also a professor of neuroscience and molecular virology, immunology and medical genetics.
A group of men accused of scamming mobile home owners across San Antonio are in some big legal trouble. The Attorney General says Andrew and Edward Huizar and David Barroso were unlicensed by the State when they sold consumers used mobile homes. The men are accused of fraud by issuing bad titles and leaving consumers with debts for unpaid taxes and other liens. Court documents show the men used the business names A&E Investments, Sweet Homes, Harper Enterprises and Dilley Mobile Homes. The Attorney General just hit the Huizars and Barroso with a court-ordered legal injunction. It freezes their bank accounts and shuts down their allegedly illegal business practices. In a statement about the temporary injunction, Attorney General Abbott said, "This will deprive them of any further ability to take hard-earned money from innocent consumers dreaming of home ownership." Abbott is asking the Manufactured Home Division to issue clear titles to all of Huizar and Barroso's alleged victims.
Volunteer fireman Mike Shrout risks his life to help others because that's what he does, not for the glory that follows.
During an open house held during Fire Safety Week in Fulton, Shrout was presented with the State Fire Marshals Lifesaving Award and an Award of Valor - two of the highest recognitions a fireman can receive.Shrout doesn't believe his actions deserve special honor. Following the presentation, the 25-year fire veteran said, “The award means a lot to me, but I don't feel I did anything that any other firefighter would not have done. That's what we do."Shrout was recommended for the awards for the “selfless action" he took this March in saving the life of a Fulton woman, who was trapped in the basement of her collapsed, tornado-ravaged home.According to Central Fire District Protection reports, the newly built modular home was lifted off its foundation and had caved in and split in two with homeowner Joyce King trapped under the debris.Her husband Lawrence - who had escaped and crawled to a neighbor's house for help - also was injured.
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