A smart solution for cost-efficient production saves space in the warehouse

To ensure smooth production under the demanding conditions in conveying engineering or driving technology, the highly stressed shaft connections have to be maintained and repaired every now and then. However, due to excessive wear flawless connections are not given any longer and fretting corrosion makes maintenance a lengthy and expensive issue. It is a great nuisance if the necessary connecting piece is neither in stock nor available at short notice.... 

Business Park Serving Los Angeles and the Inland Empire is Acquired by Koll/PER Partnership for $39.9 Million

A 313,367-square-foot, multi-tenant business park that straddles the county line between Los Angeles and San Bernardino counties in Upland, Calif., has been acquired for $39.9 million by Koll/PER, a limited liability company owned by The Koll Company, the Newport Beach, Calif.-based real estate acquisition, development and management firm, and the Public Employee Retirement System of Idaho (PERSI). Consisting of 17 single-story industrial, office... 

The Locke Group and Sovran Self Storage Close Acquisition of Lock-N-Key Portfolio

The Locke Acquisition Group LLC announced today that it represented Sovran Self Storage, Inc. in its acquisition of Hendry Investments Inc.’s 21 self storage facilities operated under the trade name Lock-N-Key. Sovran Self Storage is a Real Estate Investment Trust listed on the NYSE under the symbol SSS. Sovran will operate the properties under its brand: Uncle Bob’s Self Storage. The portfolio, valued at $143 million, was acquired by Sovran through... 

ConEdison Solutions to Provide Energy Services for the New York Power Authority

ConEdison Solutions, one of America’s leading energy service providers, has been awarded a contract through competitive bidding to provide energy services for the New York Power Authority (NYPA), the nation’s largest state-owned power organization. NYPA, which provides low-cost electricity to New York customers that include government agencies, community-owned electric systems, private utilities for resale, and job-producing companies, launched... 

GENIVAR Income Fund Acquires Zenix, an Ontario Engineering Firm

The GENIVAR Income Fund is pleased to announce the acquisition of Zenix Engineering Ltd., an Ottawa-based firm specialising in building services such as envelope design and roofing, fire and life safety, code review, security, interior design and architecture, as well as mechanical-electrical and structural design. With this acquisition, GENIVAR now has over 550 employees in its Ontario offices. “I am very pleased to welcome Zenix onto GENIVAR’s... 

Price Legacy Corporation Declares Series 1 Preferred Stock Dividend

Price Legacy Corporation announced today that its Board of Directors declared a dividend of 29 cents per share payable on August 15, 2008 to Price Legacy 6.82% Series 1 Cumulative Redeemable Preferred (OTC: PLREP) shareholders of record on August 8, 2008. The Company is a subsidiary of PL Retail LLC, a joint venture between Kimco Realty Corporation (NYSE: KIM) and clients of DRA Advisors LLC.

Less stock means lower compensation for Valspar CEO

Total compensation for The Valspar Corp.’s CEO William Mansfield dropped 24 percent in 2006, even though his salary and bonus both jumped, the company reported Friday. According to Valspar’s proxy statement for fiscal year 2006, which ended Oct. 27, Mansfield earned $826,923 in salary, and received a $2,797,067 bonus. In 2005, he received $680,173 in salary and a $359,131 bonus. However, his total compensation dropped to $5.1 million in... 

Citizen forms equity and business alliance with Miyano

Citizen Machinery Co, a division of Citizen Watch Co, has formed an equity and business alliance with fellow Japanese company Miyano Machinery, following acquisition by Citizen of 29.9 per cent of the stock of Miyano. Citizen claims to be “clear world leader” in CNC sliding-head machine tool technology for material up to 32 mm bar size and Miyano, “clear leader” in high productivity fixed-head mill/turning in capacities between... 

Termex safe operator panels for oil and gas applications

Pepperl+Fuchs introduces Termex – a family of intrinsically safe text and graphic panels. Termex operator panels feature a monochrome LC display for flexible and cost-effective PLC and computer-based operation and monitoring of machines and processes located in hazardous areas. Termex is suitable for fixed or mobile use in oil and gas applications. The system displays key Gravity Tool Interface, Inclination and Azimuth information from data...