Conntact.com - CT Business News Journal

GREENWICH, Conn.--(BUSINESS WIRE)--Urstadt Biddle Properties Inc. (NYSE: UBA and UBP), a real estate investment trust, today announced its fourth quarter and full year financial results for the fiscal year ended October 31, 2011. The company also announced an increase in the quarterly dividend rates on its Class A and Common stock. Diluted funds from operations (“FFO”) for the quarter ended October 31, 2011 amounted to $7,846,000 or $0.25 per Common share and $0.28 per Class A Common share compa

TRUMBULL, Conn.--(BUSINESS WIRE)--SRS sponsors whitepaper that defines how the IPMVP guideline intersects with the ASTM Building Energy Performance Assessment (BEPA) standard methodology to confidently project energy savings.

GREENWICH, Conn.--(BUSINESS WIRE)--Urstadt Biddle Properties Inc. (NYSE: UBA and UBP) announced today that its subsidiary had completed the purchase of the Eastchester Plaza Shopping Center in the Town of Eastchester, Westchester County, New York. In connection with the purchase, the Company assumed a first mortgage encumbering the property in the approximate amount of $3.6 million that bears interest at the rate of 7.64% per annum. The mortgage matures in April 2012. The remaining equity needed

EAST CLEVELAND, Ohio--(BUSINESS WIRE)--At 4:30 p.m. on Dec. 1, GE Lighting, in conjunction with the National Park Foundation is inviting families to gather round the laptop to see the National Christmas Tree come to life.

WESTERLY, R.I.--(BUSINESS WIRE)--Washington Trust’s Commercial Real Estate Group recently provided a $1,850,000 commercial mortgage to Soscia Enterprises, Inc. for the refinancing and completion of renovations to Coventry Shoppers Park, a neighborhood shopping plaza located at 22 Coventry Shoppers Park in Coventry, Rhode Island. "We are pleased to provide Soscia Enterprises, Inc. with financing for the renovations of the shopping plaza, a property that has a history of strong, long-term tenancy,

GREENWICH, Conn.--(BUSINESS WIRE)--United Rentals, Inc. (NYSE: URI) today announced that it will participate in the Bank of America Merrill Lynch Leveraged Finance Conference on Thursday, December 1, 2011. The conference will include a presentation by Michael Kneeland, chief executive officer, and William Plummer, chief financial officer. The presentation, which is scheduled to begin at 4:10 p.m. (EST), will be available via the following link: https://www.veracast.com/webcasts/baml/credit2011/i

LOUISVILLE, Ky. & LIBBY, Mont.--(BUSINESS WIRE)--GE Appliances & Lighting and Flathead Electric Cooperative (FEC) agree to pilot enabling participating FEC members to lower energy bills while helping FEC find ways to reduce peak-time power costs.

LONDON--(BUSINESS WIRE)--GE Hitachi Nuclear Energy (GEH) signed a MOU with Fluor Corp. where Fluor would serve as GEH’s engineering, procurement and construction partner for the announced new reactor project in Poland.

TRUMBULL, Conn.--(BUSINESS WIRE)--SRS sponsors whitepaper that defines how the new ASTM Building Energy Performance Assessment (BEPA) standard is being used in energy auditing.

NEW HAVEN, Conn.--(BUSINESS WIRE)--Higher One Presenting at JMP Financial Services Conference

GREENWICH, Conn.--(BUSINESS WIRE)--United Rentals, Inc. (NYSE: URI) today announced that it will participate in the 2011 Citi Global Industrials Conference on Thursday, September 22, 2011. The conference will include a presentation by Michael Kneeland, chief executive officer, and William Plummer, chief financial officer. The presentation, which is scheduled to begin at 9:40 a.m. (EDT), will be available via the following link: http://www.veracast.com/webcasts/citigroup/industrials2011/22203213.

NEW BRITAIN, Conn.--(BUSINESS WIRE)--Stanley Black & Decker (NYSE: SWK) announced today that Senior Vice President and CFO Don Allan will participate in the Zelman & Associates 2011 Housing Summit on September 20th, 2011 in Dallas, TX. In connection with his participation at the Housing Summit, Mr. Allan will meet one-on-one with institutional investors throughout the day and take part in a panel discussion. The Company’s Investor Overview, which may be referred to during the Summit, can

DANBURY, Conn.--(BUSINESS WIRE)--Ethan Allen Interiors Inc. (“Ethan Allen” or the “Company”) (NYSE:ETH) announces upcoming events for investors and Ethan Allen shareholders. First Fiscal Quarter Financial Results: The Company plans to release its financial results for its first fiscal quarter after the markets close on October 24 followed by an analyst call at 11:00 a.m. on October 25. Details will be provided on the Company’s website. Annual Investor Conference: Ethan Allen will host its annual

GREENWICH, Conn.--(BUSINESS WIRE)--Gladstone Development Corp. announces that Winrock LLC has completed the purchase of The Shops at Ledgebrook in Winsted, Connecticut.

WINDSOR, Conn.--(BUSINESS WIRE)--Business Risk Partners has launched a new standard E&O (errors & omissions) policy form for home inspectors. The policy, underwritten by Lloyd’s of London, reflects “best in class” improvements across

TRUMBULL, Conn.--(BUSINESS WIRE)--Healthcare Facilities Symposium & Expo (HFSE) today announced the addition of a unique, new healing garden exhibit to this year’s show

NORWALK, Conn.--(BUSINESS WIRE)--EMCOR Group, Inc. (NYSE: EME) invites investors and other interested parties to listen to a live webcast of its presentation at the D.A. Davidson Tenth Annual Engineering & Construction Conference in San Francisco. Interested parties can view the presentation slides and listen to Tony Guzzi, EMCOR’s President and Chief Executive Officer, on Tuesday, September 20, 2011 at 10:00 a.m. EDT by going to www.emcorgroup.com.                 Time:           10:00 AM E

NORWALK, Conn.--(BUSINESS WIRE)--Campbell Soup Company (NYSE:CPB) and Pepperidge Farm executives will be joined by Connecticut state officials and Norwalk Mayor Richard Moccia to kick off the construction of a 34,000-square-foot innovation center. The ceremony will be held in Norwalk on Monday, Sept, 12, 2011. Campbell plans to invest $30 million in the project, reflecting its commitment to support continued growth and innovation in its Global Baking and Snacking portfolio, the company’s second-

GREENWICH, Conn.--(BUSINESS WIRE)--Urstadt Biddle Properties Inc. (NYSE: UBA and UBP), a real estate investment trust, today announced its third quarter and nine months financial results for the period ended July 31, 2011. Diluted Funds from Operations (FFO) for the quarter ended July 31, 2011 was $8,196,000 or $0.29 per Class A Common share and $0.27 per Common share, compared to $8,496,000 or $0.34 per Class A Common share and $0.31 per Common share in last year’s third quarter. For the first

FAIRFIELD, Conn.--(BUSINESS WIRE)--GE Chairman and CEO Jeff Immelt, who serves as chairman of the President’s Council on Jobs and Competitiveness, today issued the following statement on President Obama’s speech to Congress on jobs creation and competitiveness: President Obama made clear tonight that it is critical that all of us work together to create jobs in America. The 26 members of the President’s Council on Jobs and Competitiveness are pleased that the President embraced several Council r

NORWALK, Conn.--(BUSINESS WIRE)--Campbell Soup Company (NYSE:CPB) and Pepperidge Farm executives will be joined by Connecticut state officials and Norwalk Mayor Richard Moccia to kick off the construction of a 34,000-square-foot innovation center. The ceremony will be held in Norwalk on Monday, Sept, 12, 2011. Campbell plans to invest $30 million in the project, reflecting its commitment to support continued growth and innovation in its Global Baking and Snacking portfolio, the company’s second-

SAN FRANCISCO & OSSINING, N.Y.--(BUSINESS WIRE)--Providing both capital and collaboration, GE led a $22 million investment round in San Francisco-based Project Frog and began construction of one of its prefabricated environmentally sustainable buildings at GE’s renowned Learning Center in Ossining, NY. Led by GE (NYSE: GE) unit GE Energy Financial Services and joined by other investors including Claremont Creek Ventures, Greener Capital Partners and RockPort Capital Partners, the $22 million inv

SCHENECTADY, N.Y.--(BUSINESS WIRE)--GE will supply 300 MW of wind turbine technology and operation/maintenance services to E.ON Climate & Renewables projects in Illinois, including Settlers Trail Wind Farm and Pioneer Trail Wind Farm.

PLAINFIELD, Ind.--(BUSINESS WIRE)--Though the immediate threat of Hurricane Irene is past, millions of homeowners in the Northeast will deal with water and wind damage for weeks, if not months, to come. The Chimney Safety Institute of America (CSIA) offers these simple steps to help ensure safer home heating after the storm: Recognize Fireplaces and Furnaces as Major Appliances: Floors can become weakened, insulation can become sodden and metal rusts when water soaks a home. Consider replacement

STAMFORD, Conn.--(BUSINESS WIRE)--Aligned Asset Managers, LLC (“Aligned”), a portfolio company of leading private equity firm GTCR, today announced it has acquired a majority interest in The Townsend Group (“Townsend”). Townsend, established in 1983, is the largest global specialty real estate advisory and investment firm, with over $100 billion of total advised assets. Townsend allocates real estate capital on a discretionary and non-discretionary basis for over 85 leading institutional clients

NEW HAVEN, Conn.--(BUSINESS WIRE)--CITY OF NEW HAVEN ANNOUNCES PREFERRED DEVELOPMENT TEAM FOR THE FORMER COLISEUM SITE

GREENWICH, Conn.--(BUSINESS WIRE)--Urstadt Biddle Properties Inc., a real estate investment trust (NYSE: UBA and UBP) today announced the opening of a new supermarket anchor, BIG Y World Class Market, in its Townline Square Shopping Center in Meriden, CT. The tenant will occupy 55,000 square feet of GLA with a lease that extends through 2031. Big Y and the Company jointly invested over $3 million in the redevelopment of the tenant site which was formerly occupied by another grocery store tenant

HARTFORD, Conn.--(BUSINESS WIRE)--FM Facility Maintenance is the 478th fastest growing company in all of the United States according to the latest compilation of the top 5,000 by Inc. Magazine.

HARTFORD, Conn.--(BUSINESS WIRE)--FM Facility Maintenance, a Hartford-based leading provider of outsourced facility maintenance services, today announced that it has acquired the assets and certain liabilities of US Signs, Inc. US Signs is a national leader in providing brand application management for clients with multisite retail locations in the United States. With this acquisition, FM Facility Maintenance strengthens its position as a service provider of facility maintenance services to cust

WESTERLY, R.I.--(BUSINESS WIRE)--Washington Trust’s Commercial Real Estate Group recently provided $3.350 million in commercial mortgage financing for a newly constructed 30-unit Alzheimer’s facility in Westerly, RI.

NEW HAVEN, Conn.--(BUSINESS WIRE)--New Haven, CT-based, Pickard Chilton said today it planned and designed ExxonMobil’s new office campus that will be developed in north Houston, Texas.

GREENWICH, Conn.--(BUSINESS WIRE)--Urstadt Biddle Properties Inc. (NYSE: UBA and UBP), a real estate investment trust, today announced its second quarter and six months financial results for the period ended April 30, 2011. Diluted Funds from Operations (FFO) for the quarter ended April 30, 2011 was $7,600,000 or $0.27 per Class A Common share and $0.25 per Common share, compared to $6,784,000 or $0.27 per Class A Common share and $0.25 per Common share in last year’s second quarter. For the fir

GREENWICH, Conn.--(BUSINESS WIRE)--Joint Venture between affiliates of Wheelock Street Capital and Iconic Development acquires Terrace View Apartments student housing complex in Blacksburg, Virginia, the home of Virginia Tech.

PARIS--(BUSINESS WIRE)--GE and EnOcean partner on automation technology for domestic and commercial buildings. GE HabiTEQ and EnOcean battery-free wireless technology help reduce energy use, costs through control, automation

HARTFORD, Conn.--(BUSINESS WIRE)--RBS recently completed a $20 million senior credit facility for FM Global Holdings, Inc. d.b.a. FM Facility Maintenance. The proceeds will be used to provide working capital for growth and acquisition financing. FM Chairman, Jim Barnes said, “This $20 million facility completes the third step of our acquisition capital plan which began with at $12.5 million equity raise last August followed by a $6.5 million mezzanine debt facility closed at year end. Combined w

GREENWICH, Conn.--(BUSINESS WIRE)--Hanover Real Estate Partners (“Hanover”), a privately held real estate investment company focused on owning, managing and operating institutional grade commercial real estate assets across the United States, announced today that it has executed a total of five new lease agreements between its Marathon Oil Tower property, a 41-story, Class-A office building located in Houston, Texas, and its Colonial Center property, a four-story commercial office building locat

TRUMBULL, Conn.--(BUSINESS WIRE)--SRS has released its Peer Building Energy Benchmarking database which is a fully integrated component of SRS's Sustainable Real Estate Manager platform. The database contains over 120,000 buildings.

NEW BRITAIN, Conn.--(BUSINESS WIRE)--Stanley Black & Decker (NYSE: SWK) invites investors and the general public to listen to a webcast of a presentation by John Lundgren, President & CEO at the Credit Suisse Homebuilding and Building Products Conference on Wednesday, June 8th, 2011 at 1:45 pm ET. A live webcast of the presentation will be available on “Investors” section of the company’s website at www.stanleyblackanddecker.com. Stanley Black & Decker, an S&P 500 company, is a d

DESERT HOT SPRINGS, Calif.--(BUSINESS WIRE)--Competitive Power Ventures, Inc. (CPV), GE Energy Financial Services and Diamond Generating Corporation (DGC), co-owners of the planned $900 million CPV Sentinel power plant, announced today that they have closed the largest project financing in the U.S. thermal power industry this year, for the facility to be built in Riverside County, Calif. The CPV Sentinel project is located near Desert Hot Springs, five miles northwest of Palm Springs. It is expe

WILMINGTON, N.C.--(BUSINESS WIRE)--Global Nuclear Fuel-Americas has received a $300M contract from Constellation Energy Nuclear Group, to supply fuel and services to the utility’s Nine Mile Point Nuclear Station in central New York.

NORWALK, Conn.--(BUSINESS WIRE)--Clarion Partners announced today that, on behalf of one of its pension fund clients, it has acquired the minority interest of its partner of over 15 years, Fairfield Investors, in Merritt 7 Corporate Park, one of the leading office parks in Fairfield County with over 1.4 million square feet, in six Class A office buildings strategically located at the intersection of the Merritt Parkway and Route 7 in Norwalk, Connecticut. Clarion Partners has announced that it h

WESTERLY, R.I.--(BUSINESS WIRE)--Washington Trust’s C & I Lending Group has provided $2 million in financing to John R. Hess & Company, Inc., a distributor and marketer of a broad line of specialty chemicals located in Cranston, RI

WESTPORT, Conn.--(BUSINESS WIRE)--Westport Capital Partners sells office tower in Macau

NORWALK, Conn.--(BUSINESS WIRE)--EMCOR Group, Inc. (NYSE: EME) today announced that it has entered into a definitive agreement to acquire USM Services Holdings, Inc. (“USM”), a leading provider of facilities maintenance solutions in North America, from Transfield Services Limited (ASE: TSE) in an all-cash transaction for $255 million, representing $225 million for the base USM business plus $30 million for the net present value of a USM tax benefit. Transfield Services Limited is an Australian-b

SIMSBURY, Conn.--(BUSINESS WIRE)--Phase Zero Design is moving to accommodate their growing architecture practice.

BEIJING, China--(BUSINESS WIRE)--In two contracts worth nearly $100 million, GE Oil & Gas will supply its compression technology to PetroChina for the second West-to-East Pipeline, an important energy infrastructure project in China.

NORWALK, Conn.--(BUSINESS WIRE)--HEI Hotels & Resorts acquired the 309-room Sheraton Dallas North in Texas.