Wednesday, December 19, 2007

Servidyne posts $344,872 Q2 loss

Servidyne Inc. was in the red in the second quarter of fiscal 2008.

Atlanta-based Servidyne (NASDAQ: SERV), an energy services, facility management and real estate company, had a net loss of $344,872, or a loss of 10 cents a share, on $5.4 million in revenue. This compares with net income of $355,951, or earnings of 10 cents a share, on $4.8 million in revenue in the second quarter of 2007.

The results for the second quarter of 2007 included a real estate gain on sale of 44 cents a share.

Servidyne also reported it has sold Johnson Square Office Park in Marietta, Ga., for $10.3 million. The company plans to re-deploy the $3.4 million in net cash proceeds from the sale by buying one or more income producing properties to defer the income taxes otherwise payable on the gain.

"I am pleased with our consistent results in real estate, as well as the revenue growth and higher backlog at our building performance expert segment," said Alan R. Abrams, chairman, president and CEO.

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source: bizjournals.com

Richardson appoints Shendo replacement at Indian Affairs Department

Gov. Bill Richardson has appointed Teresa C. Gomez to serve as acting secretary of Indian Affairs to replace outgoing secretary Benny Shendo, who plans to announce his run for Congress this week.

Gomez was appointed to serve as deputy cabinet secretary for the New Mexico Indian Affairs Department in June 2006. In that role, she was appointed to serve on the Governor's Women's Health Advisory Council and the State-Tribal DWI Task Force. She has also represented the Department on the Children's Cabinet, Behavioral Health Planning Council and the Behavioral Health Purchasing Collaborative.

Gomez is a New Mexico native and a member of the Pueblo of Isleta. She holds a bachelor's degree and a master's degree, both in political science, from the University of New Mexico. She will serve in the post while a search for a permanent secretary takes place.

Shendo was the first cabinet-level secretary in the department, which was created in 2004 and was the first of its kind in the country, according to Richardson's office.

"Benny Shendo has provided thoughtful leadership and I'm grateful for his service," Richardson said in a news release.

Shendo plans to make a formal announcement on Dec. 20 that he will run for the Third Congressional District seat, currently held by U.S. Rep. Tom Udall, D-NM. Udall is running for the Senate post being vacated (at the end of his term next year) by U.S. Senator Pete Domenici, R-NM. Domenici, who was elected to the Senate in 1972, announced earlier this year that he will not seek re-election next year because of his health.

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source: bizjournals.com

Capital Communications buys land to build 10th branch office

Capital Communications Federal Credit Union paid $500,000 for the three parcels of land on which it is building its 10th branch office.

The Colonie, N.Y. credit union purchased the land, at the intersection of Interstate 787 and Ontario St. in Cohoes, from the city of Cohoes, the New York State Department of Transportation and an individual named James Braman. Capital Communications was represented in the transaction by Conley Associates' of Albany.

Paula Stopera, CEO of Capital Communications, said the foundation has been laid for the new office, which is expected to open in early April.

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source: bizjournals.com

Jacobs gets mediacity:uk contract

Jacobs Engineering Group Inc. was awarded a services contract from Peel Media Ltd. for work on phase one of the mediacity:uk project.

The mediacity:uk project will provide new accommodations and studio facilities for the BBC and consists of the site infrastructure, three new office buildings, a hotel, residential towers, a multi-story parking structure, and a television and radio studio complex.

Jacobs will provide civil, structural, and environmental design services under the contract, the terms of which were not disclosed.

Pasadena-based Jacobs (NYSE: JEC) provides technical, professional, and construction services. The company has more than 52,000 employees worldwide.

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source: bizjournals.com

Funding cut for DHS move to St. E's

The U.S. Department of Homeland Security's plans to build a massive new headquarters on the western campus of St. Elizabeths Hospital could collapse after Congress removed a funding provision for the project in a bill that is expected to be finalized Wednesday.

The U.S. House of Representatives cut millions of dollars from the discretionary spending bill Dec. 17 for fiscal 2008 that would have been reserved for the General Services Administration, which owns the western campus of St. E's, to build the DHS headquarters.

The bill was moved to the Senate, which agreed on the basic tenants late Tuesday and put in a total $70 billion in war funding for Iraq and Afghanistan.

The House is expected to vote on the war funding late this afternoon, according to Kirsten Brost, spokeswoman for Congressman David Obey (D-Wis.) who heads the House committee on appropriations.

The overall bill is now $555 billion, including war funding, and money for the D.C. courts and D.C. central library, among other things.

In the original bill, there was $345 million slated so the GSA could start building the headquarters for the Coast Guard. The money was cut out so the bill would adhere to the president's spending cap.

In a Dec. 18 release, D.C.'s congressional delegate, Eleanor Holmes Norton, called the change a "temporary setback."

Norton successfully pushed to get DHS interested in moving to the property in Anacostia, in order to drive economic development there. DHS proposed relocating 14,000 employees to the site, which historical preservationists and planning officials have said might be too many for the western campus to accommodate.

Though the buildings on the western campus are boarded up and remain walled off from the community, plans for the security agency's arrival had been moving forward. Norton held a subcommittee hearing on how to leverage the agency's move Dec. 12, at which Anacostia residents and business leaders pushed for more relaxed security restrictions at the site to ease DHS employees' spending in the community. D.C. plans to rebuild the eastern campus of St. E's into a mixed-use development.

Norton's statement said the western campus "could still be funded and move without significant delay," because it has support from two House committees and two Senate committees. Norton has already "begun discussions concerning this possibility," the statement said.

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source: bizjournals.com