DT Fine Art

HILLSBORO, OR, Jan 27, 2012 (MARKETWIRE via COMTEX) –
Columbia Commercial Bancorp

/quotes/zigman/372738 CLBC
+28.79%

, a single bank holding
company for Columbia Community Bank (the Bank), reports a net profit
of $160,000, or $0.05 per diluted share for the fourth quarter of
2011 compared to a net profit of $121,000, or $0.04 per diluted share
for the third quarter. For the full year ended December 31, 2011, net
income was $184,000, or $0.05 per diluted share compared to a net
loss of $1.1 million, or ($0.36) per diluted share for the same
twelve month period in 2010.

“The Company is very pleased with all the recent trends which include
net profits for three of the past four quarters, a year-to-date
profit for 2011 after two years of losses, significantly reduced
exposure to the residential construction market, reduced
non-performing assets, reduced reliance on non-core funding,
increased capital ratios, increasing net interest income and margin,
and reduced loan loss provisions and other troubled asset related
expenses,” states the Company’s President and CEO, Rick A. Roby. And
he continues, “And we are confident these trends are not merely short
term in nature, but that they are all signs of a strengthening
Company leading into 2012 and beyond.”

Assets

Total assets as of December 31, 2011 at $352.6 million were down
$11.7 million, or 3.2%, over the quarter as the Company utilized low
yielding excess cash and securities to retire $10.1 million in
brokered certificates and other non-local deposits while also
reducing outstanding OREO by almost $2.0 million. When compared to
total assets of $358.5 million as of December 31, 2010, assets are
down $5.9 million, or 1.6%, over this past year as the Company
decreased loans by $6.5 million and outstanding OREO by $2.6 million
while increasing its liquidity via cash and investments by $3.4
million. The Company’s Chief Financial Officer, Bob Ekblad, states,
“And moving forward into 2012 we will continue to reduce some of the
Bank’s low-yielding excess liquidity and reduce OREO and other
non-performing assets to pay down even more high cost non-core
deposits and debt which will of course benefit the Company’s earnings
in 2012 as it did throughout 2011.”

Total loans at $238.4 million as of December 31, 2011 are down $1.6
million over the past quarter and are down $6.5 million, or 2.6%,
when compared to the $244.9 million outstanding as of December 31,
2010. “The reduction in overall loans is the result of our continued
strategy to reduce residential construction and land development
loans,” states Fred Johnson, the Company’s Chief Credit Officer. As
of December 31, 2011 construction and land development loans totaled
$34.4 million, or 14.4% of the Bank’s total loans which is a
reduction of $10.1 million over the past quarter as they totaled
$44.5 million at September 30, 2011, and is a reduction of $14.6
million, or 29.8%, over the year when compared to the $49.0 million,
or 20.0% of total loans as of December 31, 2010. And Mr. Johnson
adds, “And the Bank continues to be successful with its additional
goal of growing the other segments of its loan portfolio as together
they grew by almost $8.1 million, or 4.1% over the year.”

The Bank had $388,000 in net charge-offs over the quarter reducing
the allowance for loan losses to $7.1 million, or 2.97% of loans as
of December 31, 2011 compared to $7.5 million, or 3.11% of loans as
of September 30, 2011. During the year the Bank had $2.4 million in
charge-offs, $588,000 in recoveries and a $1.4 million loan loss
provision expense which accounts for the change from the $7.5 million
balance in the allowance for loan losses, or 3.07% of loans, as of
December 31, 2010. Net loan charge-offs of $1.8 million for 2011 are
down considerably when compared to the $3.9 million for 2010 and the
$4.7 million in net charge-offs during 2009.

As of December 31, 2011, the Bank had no loans that were past due
over 30 days and still accruing interest.

Non-performing assets consist of loans on nonaccrual status and other
real estate owned (OREO) which in aggregate were $19.0 million as of
December 31, 2011 compared to $24.4 million as of September 30, 2011
and $22.1 million the prior year-end. The $5.4 million reduction in
non-performing assets over this past quarter relate to a $1.9 million
reduction in OREO from a variety of property sales and a $3.5 million
reduction from pay downs in non-performing construction loans.
“Despite a difficult, but somewhat improving real estate market, the
Bank has and continues to actively and aggressively work through its
non-performing assets which are almost exclusively derived from
problematic construction and land development loans,” states Mr.
Johnson. During 2011, the Bank reduced OREO by $4.9 million through
the full or partial sales within 15 different projects at a net gain
of $114,000. Within the $8.4 million OREO balance as of December 31,
2011, the Bank has 15 various projects ranging in value from $31,000
for a single lot to $4.8 million for a significant development in
southern Oregon.

Deposits

“The Bank continues to reduce its reliance on brokered and
nontraditional out-of-area deposits while expanding and penetrating
deeper into its local core deposit base,” stated Mr. Ekblad. Total
deposits for the Bank at $239.1 million as of December 31, 2011 are
down 4.7% or $11.9 million for the fourth quarter and 5.4% or $13.7
million for the year, but during the fourth quarter the Bank reduced
its brokered and non-traditional out-of-area deposits by $10.1
million and year-to-date they have been reduced by over $25.3
million. “And while this reduction in non-core deposits is causing
overall total deposits to go down, this shouldn’t overshadow our
successes with local deposits which grew by almost $12.0 million over
the past year,” continued Mr. Ekblad. As of December 31, 2011, the
Bank had $15.0 million in brokered deposits compared to $27.7 million
as of December 31, 2010 and $57.1 million as of December 31, 2009.
The Bank has $9.9 million in brokered deposits that mature throughout
2012 which will not be renewed.

Earnings

“The Company’s construction loan portfolio continues to shrink and
after beginning to see some recent signs of stabilization in our
local real estate markets and therefore with our construction related
loans, the Company did not take any loan loss provision expense for
the past two quarters. This has led not only to positive returns for
these two quarters, but also for the year,” states Mr. Roby. The
Company is reporting net income of $160,000 for the most recent
quarter ended December 31, 2011 compared to $121,000 for the prior
quarter ended September 30, 2011. And for the full-year ended
December 31, 2011, the Company is reporting a net income of $184,000
after a loan loss provision expense of $1.4 million compared to the
full-year 2010 when the Company reported a net loss of $1.1 million
after $2.5 million in loan loss provision expense.

Net interest income has been very consistent for the past two
quarters at $2.4 million each and at $9.4 million for the full year
of 2011, it is $579,000, or 6.6% above the $8.8 million for 2010.
“Interest income on earning assets is down for the quarter and this
year as outstanding loans are down modestly and earnings on
investments and the Bank’s excess liquidity are negligible. However,
this has been more than offset by the reduction in interest expense
brought on by the decrease in higher costing brokered deposits and
other deposit repricing opportunities,” states Mr. Ekblad. Net
interest margin for fourth quarter 2011 at 3.08% is very consistent
with the 3.09% for the prior third quarter of 2011 and at 3.08% for
the full year, it is 31 basis points higher than in 2010 when it was
2.77%.

Non-interest income was consistent for the fourth and third quarter
of 2011 at $155,000 each and up by $146,000, or 29.3% for the full
year 2011 where it was $645,000 compared to $499,000 for 2010. This
change in non-interest income comes primarily from increased rental
income on the Bank’s OREO properties. Non-interest expense of $2.2
million for the fourth quarter of 2011 is also relatively consistent
with the prior third quarter while for the full year of 2011
non-interest expense at $8.8 million is $146,000, or 1.7%, higher
than the $8.7 million for 2010. Expenses related to troubled assets
which include legal, foreclosure, and OREO expenses were $210,000 for
the fourth quarter compared to $336,000 in the third quarter and for
the entire 2011 year were just over $1.0 million compared to $792,000
for 2010. As evidenced during this most recent quarter, these
expenses are expected to be down considerably in 2012 as the Bank
reduces its level of non-performing assets.

Capital

The Bank’s capital ratios grew during 2011 from increased retained
profits and the reduction of assets but this was somewhat mitigated
by an increase in the disallowed deferred tax asset for regulatory
capital calculation purposes. The Bank’s leverage ratio and total
risk-based capital ratios were 7.63% and 11.42% as of December 31,
2011 compared to 7.53% and 11.19% as of December 31, 2010,
respectively. The Bank’s capital ratios continue to exceed those
required to be considered “well-capitalized” according to the
standard regulatory guidelines.

About Columbia Commercial Bancorp:
Information about the Company’s
stock may be obtained through the Over the Counter Bulletin Board at

www.otcbb.com . Columbia Commercial Bancorp’s stock symbol is CLBC.

Columbia Commercial Bancorp was formed in 2002 as a holding company
for Columbia Community Bank, which was opened in 1999 by local
business people to deliver loan and deposit product solutions through
experienced and professional bankers to businesses, nonprofits,
professionals, and individuals throughout Washington County and the
greater Portland metropolitan area. The Bank has been named among the
“100 Best Companies to Work for in Oregon” by Oregon Business
Magazine (2009 and 2007) and the Bank has also been named by Portland
Business Journal as one of the “100 Fastest-Growing Private Companies
in Oregon” consistently over the past several years.

For more information about Columbia Commercial Bancorp, or its
subsidiary, Columbia Community Bank, call (503) 693-7500 or visit our
website at
www.columbiacommunitybank.com . Information contained in or
linked to our website is not incorporated as a part of this release.

Certain statements in this release may constitute forward-looking
statements within the definition of the “safe-harbor” provisions of
Section 21E of the Securities Exchange Act of 1934, as amended. These
forward-looking statements are subject to significant uncertainties,
which could cause actual results to differ materially from those set
forth in such statements. Forward-looking statements are those that
incorporate management’s current expectations and plans based on
information currently know to them. These statements can sometimes be
identified by words such as “believe,” “estimate,” “anticipate,”
“expect,” “intend,” “will,” “may,” “should,” or other similar phrases
or words. Readers are cautioned not to place undue reliance on
forward-looking statements. In particular, they should not be
construed as assurances of a given level of performance or as
promises of a given set of management’s actions. Some of the factors
that could cause management to deviate from its current plans, or
could cause the Company’s results to differ from current
expectations, include the effect of localized or regional economic
shifts that may affect the collectability of loans or the value of
the collateral underlying those loans; the effects of laws,
regulations, policies and government actions upon the Company’s
assets and operations; sensitivity to the Northwestern Oregon
geographic markets and events affecting those markets; and the
impacts of new government initiatives upon us and our borrowers. The
Company does not intend to publicly release any revisions to these
forward-looking statements to reflect events or circumstances after
the date of this release or to reflect the occurrence of
unanticipated events.

Columbia Commercial Bancorp
Consolidated Balance Sheet
Unaudited
(amounts in 000′s, except per share data and ratios)

% Change
2011 September
December 31, vs. 30, % Change
2011 2010 2010 2011 Quarter
———- ———- —— ———- ——-

ASSETS
Cash & due from banks $ 25,982 $ 18,743 38.6% $ 35,120 -26.0%
Federal funds sold 10,000 9,995 0.1% 5,000 100.0%
Investment securities
– available for sale 58,417 62,261 -6.2% 61,992 -5.8%
Investments – Other 2,307 2,401 -3.9% 2,307 0.0%

Gross loans 238,403 244,868 -2.6% 239,968 -0.7%
Allowance for loan
losses (7,083) (7,525) -5.9% (7,471) -5.2%
———- ———- —— ———- ——-
Net loans 231,320 237,343 -2.5% 232,497 -0.5%

Other real estate
owned 8,408 11,051 -23.9% 10,370 -18.9%
Other assets 16,174 16,704 -3.2% 17,055 -5.2%
———- ———- —— ———- ——-

Total Assets $ 352,608 $ 358,498 -1.6% $ 364,341 -3.2%
========== ========== ====== ========== =======

LIABILITIES
Deposits $ 239,083 $ 252,816 -5.4% $ 250,940 -4.7%
Repurchase agreements 26,722 19,893 34.3% 26,692 0.1%
Federal funds
purchased – – 0.0% – 0.0%
FHLB borrowings 52,635 52,635 0.0% 52,635 0.0%
Other borrowings 4,513 4,453 1.3% 4,457 1.3%
Junior subordinated
debentures 8,248 8,248 0.0% 8,248 0.0%
Other liabilities 3,433 3,110 10.4% 3,560 -3.6%
———- ———- —— ———- ——-
Total Liabilities 334,634 341,155 -1.9% 346,532 -3.4%

STOCKHOLDERS’ EQUITY 17,974 17,343 3.6% 17,809 0.9%
———- ———- —— ———- ——-
Total Liabilities
and Stockholders’
Equity $ 352,608 $ 358,498 -1.6% $ 364,341 -3.2%
========== ========== ====== ========== =======

Shares outstanding at
end-of-period 3,151,581 3,145,081 3,151,581
Book value per share $ 5.70 $ 5.51 $ 5.65
Allowance for loan
losses to total loans 2.97% 3.07% 3.11%
Non-performing assets
(non-accrual loans &
OREO) $ 18,984 $ 22,134 $ 24,446

Bank Tier 1 leverage
ratio (5% minimum for
“well-capitalized”) 7.63% 7.53% 7.38%
Bank Tier 1 risk-based
capital ratio (6%
minimum for “well-
capitalized”) 10.15% 9.92% 9.66%
Bank Total risk-based
capital ratio (10%
minimum for “well-
capitalized”) 11.42% 11.19% 10.92%

Consolidated Statement of Operations
Unaudited
(amounts in 000's, except per share data and ratios)

Three Months Ending Twelve Months Ending
-------------------- ---------------------
% %
12/31/2011 9/30/2011 Change 12/31/2011 12/31/2010 Change
---------- --------- ------ ---------- ---------- ------
INTEREST INCOME
Loans $ 3,581 $ 3,676 -2.6% $ 14,649 $ 15,439 -5.1%
Investments 241 277 -13.0% 1,171 1,711 -31.6%
Federal funds
sold and other 17 19 -10.5% 65 86 -24.4%
---------- --------- ------ ---------- ---------- ------
Total interest
income 3,839 3,972 -3.3% 15,885 17,236 -7.8%
---------- --------- ------ ---------- ---------- ------

INTEREST EXPENSE
Deposits 689 821 -16.1% 3,359 5,316 -36.8%
Repurchase
agreements and
federal funds
purchased 74 87 -14.9% 329 329 0.0%
FHLB borrowings 536 535 0.2% 2,125 2,125 0.0%
Other
borrowings 120 121 -0.8% 483 460 5.0%
Junior
subordinated
debentures 61 59 3.4% 238 234 1.7%
---------- --------- ------ ---------- ---------- ------
Total interest
expense 1,480 1,623 -8.8% 6,534 8,464 -22.8%
---------- --------- ------ ---------- ---------- ------

NET INTEREST
INCOME BEFORE
PROVISION FOR
LOAN LOSSES 2,359 2,349 0.4% 9,351 8,772 6.6%

PROVISION FOR
LOAN LOSSES - - 0.0% 1,350 2,500 -46.0%
---------- --------- ------ ---------- ---------- ------

NET INTEREST
INCOME AFTER
PROVISION FOR
LOAN LOSSES 2,359 2,349 0.4% 8,001 6,272 27.6%

NON-INTEREST
INCOME 155 155 0.0% 645 499 29.3%

NON-INTEREST
EXPENSE 2,194 2,261 -3.0% 8,844 8,698 1.7%

INVESTMENTS-
REALIZED GAINS
/ (LOSSES) - - 0.0% 603 643 -6.2%
INVESTMENTS -
OTHER THAN
TEMPORARY
IMPAIRMENT (25) - n/a (25) (375) -93.3%
OREO VALUATION
ADJUSTMENTS &
GAINS/(LOSSES)
ON SALES - NET (8) (93) -91.4% (188) (393) -52.2%
---------- --------- ------ ---------- ---------- ------

INCOME (LOSS)
BEFORE
PROVISION FOR
INCOME TAXES 287 150 192 (2,052)

PROVISION
(BENEFIT) FOR
INCOME TAXES 127 29 8 (919)
---------- --------- ---------- ----------

NET INCOME
(LOSS) $ 160 $ 121 $ 184 $ (1,133)
========== ========= ========== ==========

Earnings (Loss)
per share -
Basic $ 0.05 $ 0.04 $ 0.06 $ (0.36)

Earnings (Loss)
per share -
Diluted $ 0.05 $ 0.04 $ 0.05 $ (0.36)

Return on
average equity 3.54% 2.67% 1.03% -6.14%
Return on
average assets 0.18% 0.13% 0.05% -0.30%
Net interest
margin 3.08% 3.09% 3.08% 2.77%
Efficiency ratio 87.3% 90.3% 88.5% 93.8%

CONTACT:
Rick A. Roby
President and Chief Executive Officer
503-693-7500
or
rick@columbiacommunitybank.com

SOURCE: Columbia Commercial Bancorp

mailto:rick@columbiacommunitybank.com

Copyright 2012 Marketwire, Inc., All rights reserved.

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Add CLBC to portfolio

CLBC

Columbia Commercial Bancorp

$
1.70

+0.38
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Volume: 14,800
Jan. 30, 2012 3:29p

A Madison Avenue art dealer, Robert Scott Cook, has been charged with defrauding a client of 16 artworks by Picasso, Manet, Matisse, Renoir and others worth more than $4.2 million, the United States Attorney’s Office in Manhattan announced on Thursday. Over a period of six years Mr. Cook, the principal of Cook Fine Art, secretly sold watercolors, drawings and photographs to galleries and auction houses behind the owner’s back, according to the attorney’s office. The FBI.s assistant director in charge in New York, Janice K. Fedarcyk, said the charge is that Mr. Cook is a crook.” If convicted he faces a maximum of 20 years in jail and a $250,000 fine.

The attorney’s office did not identify the client, but this past summer Courthouse News reported that a man named George Ball had filed suit against Mr. Cook and his wife in Manhattan federal court, in which he accused Mr. Cook of taking $5.3 million he got for selling works by Matisse, Picasso, Egon Schiele, and Wassily Kandinsky owned by Mr. Ball.

Mr. Ball’s suit stated that a lawyer who said he represented Mr. Cook had called Mr. Ball and told him “that Cook and his wife were not in the country, that plaintiff was expecting to receive a large amount of money, but that the money that plaintiff was expecting to receive would not be forthcoming because it has been spent. “

The lawyer, James Eisenhower, said that Mr. Cook was trying to raise $1 million to repay Mr. Ball and “that Cook hoped to avoid being prosecuted,” the suit said.

Mr. Eisenhower could not be reached for comment.

The Gunstream file

Jerry Gunstream is being held on a $10,000 bail. He will appear
in court Monday if he does not post bail. A court date will be set
for Gunstream if he bails out. 

The case was investigated by Idaho State Police because
Gunstream had worked for the city of Nampa. Canyon County passed
the case to the Ada County prosecutor because former county
prosecutor John Bujak had listed his former law office with
Gunstream’s real estate company.

Gunstream served as the city of Nampa’s director of finance and
administration from 1998 to 2000. 

He also served as chairman of the board for the Nampa Chamber of
Commerce from 1996 to 1997. 

He formed Gunstream Commercial Real Estate in 2000, and in July
2008, the company joined with Coldwell Banker Commercial as an
affiliate. 

Tags: Commercial

 

By Al Yoon

In some cases, it pays to wait out the slump in commercial real estate.

A troubled-loan specialist firm recently sold the loan on the Crescent, a Beverly Hills, Calif., retail-and-apartment complex to a group of buyers including BlackRock Realty for about $85 million?about $8 million less than the property value at the height of the boom in 2007 but $12 million more than the loan’s unpaid balance.

Harris Trifon, a commercial mortgage bond strategist at Deutsche Bank, characterized the sale as astounding, considering that the average loss on 2006 and 2007 vintage loans is 50%?well above even the average 40% loss on all commercial property mortgages emerging from the real estate bubble.

By actually turning a profit on the loan, which it has been trying to resolve for three years, troubled-loan specialist firm CW Capital Asset Management has demonstrated that in some cases, patience pays. Many have said that quickly resolving delinquent loans?and accepting large losses?is the best way to restore health to the US commercial real estate market.

The loan that CW Capital Asset Management sold is the largest principal repayment so far among 200 loans in a $7.5 billion commercial mortgage-backed security called GSMS 2007-GG10.

Expectations of losses on the deal?which market participants describe as one of the riskier CMBS issued at the height of the property boom in 2007?remain high, at more than 17%, with more than half of the pool either considered loans of concern or already sitting with delinquent loan workout firms, according to a Fitch Ratings review of the bond in October.

But proceeds from the Crescent loan were high enough to cover fees and provide a reserve to cover some losses from other loans in the bond, Trifon said in a note to clients.

The loan’s workout is so much different than what we are accustomed to seeing, especially from the GG10 deal, that it warranted study, Trifon added.

Prices of commercial property?which includes offices, stores, warehouses and apartment buildings?have recently rebounded slightly after declining more than 40% since 2007, according to a Moody’s/REAL property index. Prices had fallen as the recession cut income needed to pay debt service or to support earlier appraisals that assumed rising cash flow.

BlackRock’s bid with Korman Commercial Properties followed a series of new appraisals showing the property’s value has rebounded since the depths of the financial crisis. At its nadir, the property had lost nearly half of its $93 million 2007 value, the appraisal said, according to Trifon.

By late 2010, when CW Capital completed a foreclosure, the appraised value had risen by $10 million, he said. In April of last year, another appraisal estimated the property’s worth at $71.6 million.

While we believe this is a unique case of the asset regaining its lost value over time after the market dislocation, it supports one of our beliefs that some of the appraisals done in 2009 and 2010 [are] no longer reflective of market value, he said.

The market is not out of the woods yet, however. Many parts of it cannot even see the edge of the woods. Fitch Ratings said Friday that loans needing special attention are on the rise and are likely to continue increasing. The number of loans moved to special servicing rose to 340 last quarter, the most of any period in 2011, the ratings firm said in a report.

Write to Al Yoon at albert.yoon@dowjones.com

SAN ANTONIO, Jan. 27, 2012 — Proactive Commercial Lending Group of San Antonio, TX, has been honored with a recognition by San Antonio Business Journal in its selection of Largest SA Commercial Mortgage Lenders.

SAN ANTONIO, Jan. 27, 2012 /PRNewswire-USNewswire/ — Announcing a special recognition appearing in the September, 2011 issue of San Antonio Business Journal published by American City Business Journals, Proactive Commercial Lending Group was selected for the following honor:Largest SA Commercial Mortgage Lenders

(Photo: http://photos.prnewswire.com/prnh/20120127/DC43153)

A spokesperson from Proactive Commercial Lending Group commented on the recognition: This is quite an honor for us. The fact that San Antonio Business Journal included Proactive Commercial Lending Group in its selection of Largest SA Commercial Mortgage Lenders, signals that our constant efforts towards business excellence are paying off.#xA0;We are proud to be included in this recognition.

About Proactive Commercial Lending Group: a short profile by and about the honoree:Proactive is still here and closing loans!! We have many new programs and investors ready to close. So call us now to Get Started!!

Following the publication of Proactive Commercial Lending Groups selection for San Antonio Business Journals Largest SA Commercial Mortgage Lenders list, American Registry seconded the honor and added Proactive Commercial Lending Group to the Registry of Business Excellence#x2122;. An exclusive recognition plaque, shown here, has been designed to commemorate this honor.

For more information on Proactive Commercial Lending Group, located in San Antonio, TX, please call 210-568-3803, or visit www.proactivelendinggroup.com.

This press release was written by American Registry, LLC with contributions from Proactive Commercial Lending Group on behalf of Proactive Commercial Lending Group and was distributed by PR Newswire, a subsidiary of UBM plc.

American Registry, LLC is an independent company that serves businesses and professionals such as Proactive Commercial Lending Group who have been recognized for excellence. American Registry offers news releases, plaques and#xA0;The Registry#x2122;, an online listing of over 2 million#xA0;significant business and professional recognitions.#xA0;Search The Registry#x2122; at#xA0;http://www.americanregistry.com.

Contact Info: Proactive Commercial Lending Group Phone: 210-568-3803Email Address: bmyles@proactivelendinggroup.com

SOURCE Proactive Commercial Lending Group

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Hey readers! Welcome to the first installment of Fine Art Friday. Here on DeviceMAG we noticed there was a completely untouched portion of the gaming industry on the site specifically when it came to the wonderful art that populates it. So, we decided to add this new weekly segment to highlight a wonderful work of art that we’ve come across on the internet. There are many talented artists out there, both professional and amateur, that should not go unnoticed.

For our first week, we have an incredible spin on one of gaming’s favorite characters brothers, Mario and Luigi. Splash Damage’s environment artist Johnathan Flethcer designed this new iteration of the famous plumbers. One of the best things about the characters is the back-story that he developed for the overshadowed brother Luigi.

On the Polycount Forums he writes:

His jealousy of Mario and his success turned him to a life of alcohol and drugs, where he developed heavy mental damage and severe paranoia causing him to believe that ghosts are attacking him. He fights them off with his trusty Henry Hoover.

The designs for the characters are great and having a more mature spin on the Super Mario Bros. would make for an excellent game. He even made a video of the characters in motion and you’re just begging for someone to press the start button and explore this world.

Take note Nintendo! To see more work from Johnathan, head over to his website.

Let us know what you think of the art piece in the comments below.

This vendor-written tech primer has been edited by Network World to eliminate product promotion, but readers should note it will likely favor the submitters approach.

Troubleshooting Fibre Channel networks can be as much an art as it is a science, but there are some basic best practices you can follow to reduce the guessing and speed resolution. Here are 10 tips to help you get to the bottom of pesky problems:

1. Generally, problems are reported by the application user. As a first step, the SAN admin will usually gather dumps, logs and traces. At the same time, hell sometimes remove other users or applications that are less critical; perhaps hell stop backups, and remove other potential bottlenecks. While this may fix the immediate problem, it often stops the underlying cause from being discovered. If youve only removed the symptom and you stop there, youre likely to see trouble later on.

OUTLOOK:
Data center, cloud fabrics to heat up in 2012

To continue reading, register here to become an Insider. Youll get free access to premium content from CIO, Computerworld, CSO, InfoWorld, and Network World. See more Insider content or sign in.

A 10-second preview of a Super Bowl ad took the internet by storm on Thursday. The clip featured actor Matthew Broderick throwing open the curtains of a window, looking into the camera and asking, How can I handle work on a day like today?

Thats before the classic bow-bow-chicka-chicka from Ferris Buellers Day Off plays, ending the preview with just the date of the Super Bowl left to tease us.

It seems clear that Broderick reprises the role of Ferris Bueller, but the preview told us nothing else. The YouTube video listed no company and didnt suggest the product that the ad would ultimately feature.

MTV News reached out to both Broderick and one of the producers of Ferris Buellers Day Off, Tom Jacobson, for comment, but neither responded to our requests.

Then Friday (January 27), the automotive blog Jalopnik reported that a source familiar with Hondas operations revealed that Ferris will appear in a commercial for the car company during the Super Bowl. The source also added that the spot was going to mimic much of the original film, except this time prominently featuring Hondas, Jalopnik reported. The big jump the two valets do in Camerons dads Ferrari? We hear this time its going to be a Honda CR-V.

Jalopniks source also said Honda apparently put a lot of money behind the ad, even going as far as to hire The Hangover director Todd Phillips to create the spot.

Although the Honda story sounds likely, we will have to wait until February 5 to find out exactly what Ferris has been up to.

MCLEAN, Va., Jan. 27, 2012 /PRNewswire via COMTEX/ –
Gladstone Commercial Corporation

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(the “Company”) reported today that it purchased a 52,130 square foot office building in suburban Washington, DC, for $10.775 million plus fees and expenses. The building is leased on a long-term basis to Independent Project Analysis, Inc (“IPA”).

IPA provides consultancy services in project evaluation and project system benchmarking to clients around the globe in industries ranging from petroleum exploration and production to food and consumer products.

“We are excited to add another high quality office building in a major national market and IPA’s worldwide headquarters to our portfolio,” said Buzz Cooper, the Managing Director responsible for the transaction.

“We are excited to add this property and quality tenant to our existing portfolio, and we are looking forward to continuing to grow our portfolio during 2012,” said Chip Stelljes, the Company’s President and Chief Investment Officer.

Gladstone Commercial Corporation is a publicly-traded real estate investment trust (“REIT”) that focuses on investing in and owning triple-net leased industrial, commercial, medical and retail real estate properties. The Company currently owns 73 properties. Including payments through December 2011, the Company has paid 89 consecutive monthly cash distributions on its common stock. The Company has paid 72 consecutive monthly cash distributions on its Series A preferred stock, 63 consecutive monthly cash distributions on its Series B preferred stock and 21 consecutive monthly cash distributions on its Senior Common Stock. The Company has never skipped, reduced or deferred a monthly distribution since inception, over eight years ago. Additional information can be found at
www.gladstonecompanies.com .

For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit
www.gladstone.com .

All statements contained in this press release, other than historical facts, may constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Words such as “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates” and variations of these words and similar expressions are intended to identify forward-looking statements. Readers should not rely upon forward-looking statements because the matters they describe are subject to known and unknown risks and uncertainties that could cause the Company’s business, financial condition, liquidity, results of operations, funds from operations or prospects to differ materially from those expressed in or implied by such statements. Such risks and uncertainties are disclosed under the caption “Risk Factors” of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2010, as filed with the SEC on March 8, 2011 and on the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2011, as filed with the SEC on November 1, 2011. The Company cautions readers not to place undue reliance on any such forward-looking statements which speak only as of the date made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE Gladstone Commercial Corporation

Copyright (C) 2012 PR Newswire. All rights reserved

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Jan. 27, 2012 4:00p

(Update: Coach Jim Harbaugh expressed surprised that the media did not attend practice today. You were welcome out there, Harbaugh said. However, the 49ers did not take the media past the locked gates and to the practice field until the team was in their post-practice huddle and walking off the field. Harbaugh disputed a teams spokesmans contention that there was no access because the walk-through ran long. The teams official participation report was the same as yesterdays, mainly that tight end Delanie Walker did not practice and Harbaugh later said Walker wont play Saturday.)

The largest press contingent of the season is present at the 49ers facility. Nobody is apparently going to see the 49ers on the practice field, however.

The media window was slated for when the 49ers stretch after their walk-through session, at approximately 12:30 pm A team spokesman said the walk-through ran late, the stretching session was eliminated and the 49ers went straight into team drills, from which the media has been banned all season (as allowed under league rules).

Coach Jim Harbaugh is expected to address the media at 1:55 pm, after which the locker room will be open for 45 minutes. No media access is scheduled for Friday, as is the 49ers norm a day before the game.

Here is the NFLs media policy regarding access at practice:

Following the completion of Week 2 of the NFL preseason schedule through the regular season and playoffs, daily practice (Monday through Friday) must be open to local media (those who regularly cover the team) for at least the first 30 minutes or until the start of team work. It is permissible to limit the videotaping or photographing of certain portions of practice. Starting the week prior to the opening of the regular season, clubs are required to designate on the NFL Intranet site and issue to local media the names of those players who missed any portion of 11-on-11 team or individual work on the specified days noted in the NFL Injury Report policy.

The until the start of team work is a loophole that has forced the media into abreviated views throughout this season, and access two days before games typically has consisted of only a few minutes of watching players stretch (and not practicing).

Meanwhile in New Orleans, linebacker Jonathan Vilma (knee), receiver Lance Moore (hamstring) and tight end John Gilmore (toe) did not practice, according to the Times-Picayunes Mike Triplett. Safety Roman Harper (ankle) practiced in limited fashion after sitting out Wednesdays session. Linebacker Jonathan Casillas (knee) also was limited, Triplett reported.

The Saints will fly to San Francisco later today, and coach Sean Payton told Triplett that Vilma should be back for Fridays walk-through at Candlestick.