ABR Inc.

Fairbanks, AK, United States
Fairbanks, AK, United States

Time filter

Source Type

ATLANTA, May 16, 2017 (GLOBE NEWSWIRE) -- Concurrent, (NASDAQ:CCUR), a global leader in storage, protection, transformation and delivery of visual media assets, and Appear TV, a leading global provider of next-generation video processing platforms for broadcast and streaming high-quality video, today announced Appear TV has integrated its ABR streaming solution with Concurrent’s AquariTM visual asset storage. Appear TV’s just-in-time packaging origin solution delivers all the streaming functionality required by today’s demanding OTT broadcasters. Concurrent’s Aquari Storage is a modern, intelligent storage solution, which features simultaneous support for multiple file or object-based workloads. Globally deployed and massively scalable to exabytes of capacity, Aquari scales performance and capacity independently, which translates into improved flexibility and a reduced total cost of ownership to support increasing needs for storage and management of visual assets. Millions of households in more than 120 countries across five continents receive TV signals transmitted by Appear TV solutions. Appear TV’s ABR platform supports all major streaming protocols, HLS, DASH, MSS and HDS and their associated DRMs, full featured catch-up TV, network PVR and VOD. Comprehensive integration APIs for content management systems, middleware, and content ingest solutions offer unique flexibility for digital media delivery. “Concurrent’s Aquari Storage combined with Appear TV’s ABR just-in-time packager offers a complete video segmentation engine, high-performance storage DRM engine and origin server solution,” said Carl Walter Holst, CEO, Appear TV. “After thorough testing, we can confidently say that unlimited TV delivery has been achieved.” “Broadcast and content streaming applications demand more manageable, scalable, and intelligent storage,” said Scott Ryan, Senior Vice President, Storage Systems at Concurrent. “Our storage architecture backing Appear TV’s adaptive bitrate streaming satisfies a market need for systems that are more sophisticated and better engineered for the way consumers demand digital media today.” About Appear TV Appear TV is based in Oslo, Norway, with an additional office in Bangkok, Thailand. The company produces world-class equipment that enables operators to deliver professional broadcast services to millions of users around the globe. The company is dedicated to developing reliable, revenue-generating and innovative solutions for operators looking to deliver real-time content to the home. Appear TV headends are designed for modularity, high density, and flexibility. www.appeartv.com. About Concurrent    Concurrent (NASDAQ:CCUR) is a global software and solutions company that develops advanced applications on a core foundation of high performance Linux and storage technologies. We serve industries and customers that demand uncompromising performance, reliability and flexibility to gain a competitive edge, drive meaningful growth and confidently deliver best-in-class solutions that enrich the lives of millions of people around the world every day. Offices are located in North America, Europe and Asia. Visit www.concurrent.com for further information and follow us on Twitter: www.twitter.com/Concurrent_CCUR. Certain statements made or incorporated by reference in this release may constitute "forward-looking statements" within the meaning of the federal securities laws. Statements regarding future events and developments and the company's future performance, including, but not limited to, management's expectations, beliefs, plans, estimates, or projections relating to the future, are forward-looking statements within the meaning of these laws. All forward-looking statements are subject to certain risks and uncertainties that could cause actual events to differ materially from those projected. Other important risk factors are discussed in Concurrent's Form 10-K filed August 30, 2016 with the Securities and Exchange Commission (“SEC”), and in subsequent filings of periodic reports with the SEC. The risk factors discussed in the Form 10-K and subsequently filed periodic reports under the heading "Risk Factors" are specifically incorporated by reference in this press release. Forward-looking statements are based on current expectations and speak only as of the date of such statements. Concurrent undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of future events, new information, or otherwise. Concurrent Computer Corporation and its logo are registered trademarks of Concurrent. All Concurrent product names are trademarks or registered trademarks of Concurrent while all other product names are trademarks or registered trademarks of their respective owners.


BOSTON--(BUSINESS WIRE)--Brightcove (NASDAQ: BCOV) announced today at its user conference, PLAY, the beta availability of Context Aware Encoding, a new video compression technology that lowers the total cost of ownership and improves video quality. Context Aware Encoding uses machine learning and deep video analysis to achieve optimum quality for each video with the fewest bits necessary. This patent-pending approach to transcoding enables Brightcove customers to maximize visual quality while reducing storage and delivery bandwidth requirements by up to 50 percent. The release of Context Aware Encoding addresses two mandates in Brightcove’s Manifesto for Transforming the Experience and Economics of Online Video in 2017. The technology radically improves the user experience publishers can deliver to their viewers by improving video experiences for users in situations where bandwidth is limited. Unlike other encoding solutions, the Brightcove technology takes into account the broader context of the video experience, creating a custom encoding profile tailored to the combination of each individual video’s content complexity and viewing environment. The result for viewers is a higher quality video that starts up faster and buffers less. Reducing video operations and delivery costs by up to 50 percent is another focus for Brightcove in 2017. For Brightcove’s media customers that are managing hundreds of videos and millions of streams, the cost savings on storage and bandwidth are meaningful. By reducing the number of renditions created and automatically adjusting the bitrates, Brightcove estimates that for many customers, cost savings on storage can approach 50 percent, and on average 40 percent on bandwidth. Context Aware Encoding analyzes each individual video and optimizes it for the target device and bandwidth profiles. The technology then optimizes video parameters such as resolution and framerate, and codec parameters like bitrate, codec profile and level, and creates the appropriate adaptive bitrate (ABR) ladder from this. By contrast, content-based approaches perform analysis to choose a more optimal bitrate from an existing ABR ladder. “Context Aware Encoding provides more bang for the bit to Brightcove Video Cloud customers,” Anil Jain, executive vice president and general manager, Media Business Unit, Brightcove, said. “In keeping with the manifesto that we’re living by in 2017, we’re proud of this new technology that simplifies the transcoding process and delivers on the promise to greatly enhance the user experience and significantly cut operational spend.” Current Brightcove Video Cloud customers interested in participating in the Context Aware Encoding beta program can contact Brightcove. About Brightcove Brightcove Inc. (NASDAQ:BCOV) is the leading global provider of powerful cloud solutions for delivering and monetizing video across connected devices. The company offers a full suite of products and services that reduce the cost and complexity associated with publishing, distributing, measuring and monetizing video across devices. Brightcove has thousands of customers in over 70 countries that rely on the company’s cloud solutions to successfully publish high-quality video experiences to audiences everywhere. To learn more, visit www.brightcove.com. This press release may include forward-looking statements regarding anticipated objectives, growth and/or expected product and service developments or enhancements. Such forward-looking statements may be identified by the use of the following words (among others): "believes," "expects," "may," "will," "plan," "should" or "anticipates," or comparable words and their negatives. These forward-looking statements are not guarantees but are subject to risks and uncertainties that could cause actual results to differ materially from the expectations contained in these statements. For a discussion of such risks and uncertainties, see "Risk Factors" in the Company's filings with the Securities and Exchange Commission, including its most recent annual report on Form 10-K. Brightcove assumes no obligation to update any forward-looking statements contained in this press release in the event of changing circumstances or otherwise, and such statements are current only as of the date they are made.


ATLANTA, May 16, 2017 (GLOBE NEWSWIRE) -- Concurrent, (NASDAQ:CCUR), a global leader in storage, protection, transformation and delivery of visual media assets, and Appear TV, a leading global provider of next-generation video processing platforms for broadcast and streaming high-quality video, today announced Appear TV has integrated its ABR streaming solution with Concurrent’s AquariTM visual asset storage. Appear TV’s just-in-time packaging origin solution delivers all the streaming functionality required by today’s demanding OTT broadcasters. Concurrent’s Aquari Storage is a modern, intelligent storage solution, which features simultaneous support for multiple file or object-based workloads. Globally deployed and massively scalable to exabytes of capacity, Aquari scales performance and capacity independently, which translates into improved flexibility and a reduced total cost of ownership to support increasing needs for storage and management of visual assets. Millions of households in more than 120 countries across five continents receive TV signals transmitted by Appear TV solutions. Appear TV’s ABR platform supports all major streaming protocols, HLS, DASH, MSS and HDS and their associated DRMs, full featured catch-up TV, network PVR and VOD. Comprehensive integration APIs for content management systems, middleware, and content ingest solutions offer unique flexibility for digital media delivery. “Concurrent’s Aquari Storage combined with Appear TV’s ABR just-in-time packager offers a complete video segmentation engine, high-performance storage DRM engine and origin server solution,” said Carl Walter Holst, CEO, Appear TV. “After thorough testing, we can confidently say that unlimited TV delivery has been achieved.” “Broadcast and content streaming applications demand more manageable, scalable, and intelligent storage,” said Scott Ryan, Senior Vice President, Storage Systems at Concurrent. “Our storage architecture backing Appear TV’s adaptive bitrate streaming satisfies a market need for systems that are more sophisticated and better engineered for the way consumers demand digital media today.” About Appear TV Appear TV is based in Oslo, Norway, with an additional office in Bangkok, Thailand. The company produces world-class equipment that enables operators to deliver professional broadcast services to millions of users around the globe. The company is dedicated to developing reliable, revenue-generating and innovative solutions for operators looking to deliver real-time content to the home. Appear TV headends are designed for modularity, high density, and flexibility. www.appeartv.com. About Concurrent    Concurrent (NASDAQ:CCUR) is a global software and solutions company that develops advanced applications on a core foundation of high performance Linux and storage technologies. We serve industries and customers that demand uncompromising performance, reliability and flexibility to gain a competitive edge, drive meaningful growth and confidently deliver best-in-class solutions that enrich the lives of millions of people around the world every day. Offices are located in North America, Europe and Asia. Visit www.concurrent.com for further information and follow us on Twitter: www.twitter.com/Concurrent_CCUR. Certain statements made or incorporated by reference in this release may constitute "forward-looking statements" within the meaning of the federal securities laws. Statements regarding future events and developments and the company's future performance, including, but not limited to, management's expectations, beliefs, plans, estimates, or projections relating to the future, are forward-looking statements within the meaning of these laws. All forward-looking statements are subject to certain risks and uncertainties that could cause actual events to differ materially from those projected. Other important risk factors are discussed in Concurrent's Form 10-K filed August 30, 2016 with the Securities and Exchange Commission (“SEC”), and in subsequent filings of periodic reports with the SEC. The risk factors discussed in the Form 10-K and subsequently filed periodic reports under the heading "Risk Factors" are specifically incorporated by reference in this press release. Forward-looking statements are based on current expectations and speak only as of the date of such statements. Concurrent undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of future events, new information, or otherwise. Concurrent Computer Corporation and its logo are registered trademarks of Concurrent. All Concurrent product names are trademarks or registered trademarks of Concurrent while all other product names are trademarks or registered trademarks of their respective owners.


VANCOUVER, BC--(Marketwired - May 18, 2017) - Inca Networks, the Intelligent Video Delivery company, today announced the immediate availability of new enhancements to extend Emergency Alert System (EAS) support in the company's IP to Analog and IP to QAM Tangram modules. Cable TV and IPTV operators will benefit from this EAS support which includes integration with Trilithic EAS and other manufacturers supporting the Common Alerting Protocol (CAP). Severe weather warnings, special announcements and government communication, are some of the Emergency Alerts that operators may be required to broadcast on a given day. With these new enhancements from Inca, operators can now easily monitor and send out EAS signals to specific chosen video streams on both their analog and digital RF video networks. Each Inca GT21 analog edge decoder, part of the modular WISI Tangram platform, can ingest multiple HD or SD IP streams in either MPEG-2 or MPEG-4 format and convert them to NTSC modulated RF analog outputs for delivery to legacy analog TV networks. This allows operators to support legacy analog tiers of service while simplifying head end equipment and power consumption and integrating with modern IP video headend architectures. Each Inca GT23 QAM modulator, can receive multiple IP single program transport stream (SPTS) or multiple program transport stream (MPTS) and distribute them on digital QAM carriers for use by modern digital televisions. The GT23 EdgeQAM can co-exist in the same chassis as the GT21 analog edge card, allowing operators to support both legacy and modern video networks from a single 1RU Tangram chassis. Inca Networks' EAS software is available now. For more information, and to arrange an online demonstration of the product, please visit: www.incanetworks.com Inca Networks, a WISI company, is reinventing the future of multiscreen video delivery. Inca offers industry-leading Intelligent Video Delivery™, a revolutionary software-centric solution for intelligent, real-time processing of linear and multiscreen television content. At its core is VidiOS™, an advanced software processing and monitoring engine that provides deep visibility and control of all video flows, combined with powerful, modular hardware. Inca's IP video solutions address all aspects of next-generation video, including high-density MPEG-4 and MPEG-2 HD and SD transcoder modules for linear and multiscreen adaptive bit-rate (ABR) and HTTP live streaming (HLS) services; demultiplexing and remapping of MPTS video from satellite and off-air sources to SPTS streams in digital cable, DSL and fiber to the home (FTTH) IPTV networks; multi-viewer mosaic and status monitoring software, digital music service demuxing, and modular ASI to IP conversion. In July 2015, the Wilhelm Sihn Jr. (WISI) company acquired Inca Networks Inc. Founded in 1926, WISI is one of the world's pioneers in broadband reception and distribution technology. Today, WISI's field of business is the development, production and distribution of products and solutions in the following areas: automotive antenna and cabling, components for broadband networks, fiber optics for broadband, digital signal reception, processing and modulation for TV and radio, in-house multimedia. Inca Networks sells and distributes WISI's Tangram and Chameleon platforms to the North American, Caribbean and Latin American markets. Video providers around the globe use Inca to easily and affordably deliver content to any screen on any network, all with a superior customer viewing experience and a second-to-none view of the network. www.incanetworks.com. Trilithic's EAS division is a leading supplier of homeland security government-mandated emergency alert systems for broadband and other communication system providers. As the communications industry continues its rapid evolution, Trilithic has begun offering comprehensive systems and services to address a wide variety of emergency alert system needs, including the design and architectural layout of complex analog and digital EAS networks. https://eas.trilithic.com Image Available: http://www.marketwire.com/library/MwGo/2017/5/17/11G139210/Images/GT_21_W-a80a5ef7c866a764bad668253b01b5ef.jpg Image Available: http://www.marketwire.com/library/MwGo/2017/5/17/11G139210/Images/Tangram-30beb119a1c9a39b9c5bc55ab5338229.jpg Image Available: http://www.marketwire.com/library/MwGo/2017/5/17/11G139210/Images/GT_23_W-bde3a467be1290e7ba7291141cea0629.jpg


ATLANTA, May 16, 2017 (GLOBE NEWSWIRE) -- Concurrent, (NASDAQ:CCUR), a global leader in storage, protection, transformation and delivery of visual media assets, and Appear TV, a leading global provider of next-generation video processing platforms for broadcast and streaming high-quality video, today announced Appear TV has integrated its ABR streaming solution with Concurrent’s AquariTM visual asset storage. Appear TV’s just-in-time packaging origin solution delivers all the streaming functionality required by today’s demanding OTT broadcasters. Concurrent’s Aquari Storage is a modern, intelligent storage solution, which features simultaneous support for multiple file or object-based workloads. Globally deployed and massively scalable to exabytes of capacity, Aquari scales performance and capacity independently, which translates into improved flexibility and a reduced total cost of ownership to support increasing needs for storage and management of visual assets. Millions of households in more than 120 countries across five continents receive TV signals transmitted by Appear TV solutions. Appear TV’s ABR platform supports all major streaming protocols, HLS, DASH, MSS and HDS and their associated DRMs, full featured catch-up TV, network PVR and VOD. Comprehensive integration APIs for content management systems, middleware, and content ingest solutions offer unique flexibility for digital media delivery. “Concurrent’s Aquari Storage combined with Appear TV’s ABR just-in-time packager offers a complete video segmentation engine, high-performance storage DRM engine and origin server solution,” said Carl Walter Holst, CEO, Appear TV. “After thorough testing, we can confidently say that unlimited TV delivery has been achieved.” “Broadcast and content streaming applications demand more manageable, scalable, and intelligent storage,” said Scott Ryan, Senior Vice President, Storage Systems at Concurrent. “Our storage architecture backing Appear TV’s adaptive bitrate streaming satisfies a market need for systems that are more sophisticated and better engineered for the way consumers demand digital media today.” About Appear TV Appear TV is based in Oslo, Norway, with an additional office in Bangkok, Thailand. The company produces world-class equipment that enables operators to deliver professional broadcast services to millions of users around the globe. The company is dedicated to developing reliable, revenue-generating and innovative solutions for operators looking to deliver real-time content to the home. Appear TV headends are designed for modularity, high density, and flexibility. www.appeartv.com. About Concurrent    Concurrent (NASDAQ:CCUR) is a global software and solutions company that develops advanced applications on a core foundation of high performance Linux and storage technologies. We serve industries and customers that demand uncompromising performance, reliability and flexibility to gain a competitive edge, drive meaningful growth and confidently deliver best-in-class solutions that enrich the lives of millions of people around the world every day. Offices are located in North America, Europe and Asia. Visit www.concurrent.com for further information and follow us on Twitter: www.twitter.com/Concurrent_CCUR. Certain statements made or incorporated by reference in this release may constitute "forward-looking statements" within the meaning of the federal securities laws. Statements regarding future events and developments and the company's future performance, including, but not limited to, management's expectations, beliefs, plans, estimates, or projections relating to the future, are forward-looking statements within the meaning of these laws. All forward-looking statements are subject to certain risks and uncertainties that could cause actual events to differ materially from those projected. Other important risk factors are discussed in Concurrent's Form 10-K filed August 30, 2016 with the Securities and Exchange Commission (“SEC”), and in subsequent filings of periodic reports with the SEC. The risk factors discussed in the Form 10-K and subsequently filed periodic reports under the heading "Risk Factors" are specifically incorporated by reference in this press release. Forward-looking statements are based on current expectations and speak only as of the date of such statements. Concurrent undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of future events, new information, or otherwise. Concurrent Computer Corporation and its logo are registered trademarks of Concurrent. All Concurrent product names are trademarks or registered trademarks of Concurrent while all other product names are trademarks or registered trademarks of their respective owners.


ATLANTA, May 16, 2017 (GLOBE NEWSWIRE) -- Concurrent, (NASDAQ:CCUR), a global leader in storage, protection, transformation and delivery of visual media assets, and Appear TV, a leading global provider of next-generation video processing platforms for broadcast and streaming high-quality video, today announced Appear TV has integrated its ABR streaming solution with Concurrent’s AquariTM visual asset storage. Appear TV’s just-in-time packaging origin solution delivers all the streaming functionality required by today’s demanding OTT broadcasters. Concurrent’s Aquari Storage is a modern, intelligent storage solution, which features simultaneous support for multiple file or object-based workloads. Globally deployed and massively scalable to exabytes of capacity, Aquari scales performance and capacity independently, which translates into improved flexibility and a reduced total cost of ownership to support increasing needs for storage and management of visual assets. Millions of households in more than 120 countries across five continents receive TV signals transmitted by Appear TV solutions. Appear TV’s ABR platform supports all major streaming protocols, HLS, DASH, MSS and HDS and their associated DRMs, full featured catch-up TV, network PVR and VOD. Comprehensive integration APIs for content management systems, middleware, and content ingest solutions offer unique flexibility for digital media delivery. “Concurrent’s Aquari Storage combined with Appear TV’s ABR just-in-time packager offers a complete video segmentation engine, high-performance storage DRM engine and origin server solution,” said Carl Walter Holst, CEO, Appear TV. “After thorough testing, we can confidently say that unlimited TV delivery has been achieved.” “Broadcast and content streaming applications demand more manageable, scalable, and intelligent storage,” said Scott Ryan, Senior Vice President, Storage Systems at Concurrent. “Our storage architecture backing Appear TV’s adaptive bitrate streaming satisfies a market need for systems that are more sophisticated and better engineered for the way consumers demand digital media today.” About Appear TV Appear TV is based in Oslo, Norway, with an additional office in Bangkok, Thailand. The company produces world-class equipment that enables operators to deliver professional broadcast services to millions of users around the globe. The company is dedicated to developing reliable, revenue-generating and innovative solutions for operators looking to deliver real-time content to the home. Appear TV headends are designed for modularity, high density, and flexibility. www.appeartv.com. About Concurrent    Concurrent (NASDAQ:CCUR) is a global software and solutions company that develops advanced applications on a core foundation of high performance Linux and storage technologies. We serve industries and customers that demand uncompromising performance, reliability and flexibility to gain a competitive edge, drive meaningful growth and confidently deliver best-in-class solutions that enrich the lives of millions of people around the world every day. Offices are located in North America, Europe and Asia. Visit www.concurrent.com for further information and follow us on Twitter: www.twitter.com/Concurrent_CCUR. Certain statements made or incorporated by reference in this release may constitute "forward-looking statements" within the meaning of the federal securities laws. Statements regarding future events and developments and the company's future performance, including, but not limited to, management's expectations, beliefs, plans, estimates, or projections relating to the future, are forward-looking statements within the meaning of these laws. All forward-looking statements are subject to certain risks and uncertainties that could cause actual events to differ materially from those projected. Other important risk factors are discussed in Concurrent's Form 10-K filed August 30, 2016 with the Securities and Exchange Commission (“SEC”), and in subsequent filings of periodic reports with the SEC. The risk factors discussed in the Form 10-K and subsequently filed periodic reports under the heading "Risk Factors" are specifically incorporated by reference in this press release. Forward-looking statements are based on current expectations and speak only as of the date of such statements. Concurrent undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of future events, new information, or otherwise. Concurrent Computer Corporation and its logo are registered trademarks of Concurrent. All Concurrent product names are trademarks or registered trademarks of Concurrent while all other product names are trademarks or registered trademarks of their respective owners.


Sarasota, FL, April 16, 2017 --( Jackson & Associates General Contractors Inc., along with the developers, condo owners, building tenants, construction crew and project contributors, participated in the ceremony of placing the last beam atop the structure. This age-old tradition or “builders’ rite” served notice to the community that the project has reached a significant milestone, and allowed the General Contractor to recognize the many individuals who have contributed to the project. The Topping Out Party was hosted by the development team of Dr. Mark Kauffman; Joe R. Hembree, Hembree & Associates; Elita Krums-Kane; Thomas Jackson, President, Jackson & Associates General Contractors; and prominent members of the greater Sarasota community. The project, located on a challenging site, is almost two months ahead of schedule. The celebration included closing Lemon Avenue for food and fun, guided tours of the project and the collection of individual contributions to a planned 1500 State Street Time Capsule. “As builders, it is important that we preserve these age-old rituals,” said Jackson. “Topping Off Ceremonies, time capsules and signing of structural walls are important benchmarks of a project. They serve as a marker to indicate we were here, we will be here, and we built an edifice that will endure the test of time.” About Jackson & Associates Jackson & Associates General Contractors Inc. has been instrumental in construction projects along Florida's west coast since 1992. A respected Sarasota firm, Jackson & Associates reached another milestone in 2017, marking 25 years of service. The firm's portfolio represents a myriad of high-end residential, multi-story, commercial, hospitality, retail and restoration projects. A strong commitment to quality and community is its foundation for solid performance on every project. 1500 State Street With only three remaining condos available for sale, this boutique community is set to deliver a superior urban lifestyle. Marketed exclusively by Kylie Jackson, REALTOR, GRI, and Pam Charron, Broker/Associate, CLHMS, CRS, ABR, of Berkshire Hathaway HomeServices Florida Realty. For information, please visit 1500StateStreet.com. 1500 State Street’s retail and commercial components are marketed by Hembree and Associates. A positive response to this vibrant downtown location identifies 1500 State Street as the new home of Sarasota Magazine & 941 CEO, RE/MAX Platinum Realty, Optional Art, S’mack’s Restaurant and Moon & Company Eyewear. Sarasota, FL, April 16, 2017 --( PR.com )-- One of the most exciting urban projects to come to downtown Sarasota in recent years has reached a milestone. The mixed-use development 1500 State Street, at the corner of State Street and Lemon Avenue, celebrated its topping off in a ceremony held recently.Jackson & Associates General Contractors Inc., along with the developers, condo owners, building tenants, construction crew and project contributors, participated in the ceremony of placing the last beam atop the structure. This age-old tradition or “builders’ rite” served notice to the community that the project has reached a significant milestone, and allowed the General Contractor to recognize the many individuals who have contributed to the project.The Topping Out Party was hosted by the development team of Dr. Mark Kauffman; Joe R. Hembree, Hembree & Associates; Elita Krums-Kane; Thomas Jackson, President, Jackson & Associates General Contractors; and prominent members of the greater Sarasota community. The project, located on a challenging site, is almost two months ahead of schedule.The celebration included closing Lemon Avenue for food and fun, guided tours of the project and the collection of individual contributions to a planned 1500 State Street Time Capsule.“As builders, it is important that we preserve these age-old rituals,” said Jackson. “Topping Off Ceremonies, time capsules and signing of structural walls are important benchmarks of a project. They serve as a marker to indicate we were here, we will be here, and we built an edifice that will endure the test of time.”About Jackson & AssociatesJackson & Associates General Contractors Inc. has been instrumental in construction projects along Florida's west coast since 1992. A respected Sarasota firm, Jackson & Associates reached another milestone in 2017, marking 25 years of service. The firm's portfolio represents a myriad of high-end residential, multi-story, commercial, hospitality, retail and restoration projects. A strong commitment to quality and community is its foundation for solid performance on every project.1500 State StreetWith only three remaining condos available for sale, this boutique community is set to deliver a superior urban lifestyle. Marketed exclusively by Kylie Jackson, REALTOR, GRI, and Pam Charron, Broker/Associate, CLHMS, CRS, ABR, of Berkshire Hathaway HomeServices Florida Realty. For information, please visit 1500StateStreet.com.1500 State Street’s retail and commercial components are marketed by Hembree and Associates. A positive response to this vibrant downtown location identifies 1500 State Street as the new home of Sarasota Magazine & 941 CEO, RE/MAX Platinum Realty, Optional Art, S’mack’s Restaurant and Moon & Company Eyewear. Click here to view the list of recent Press Releases from 1500 State Street


News Article | April 17, 2017
Site: www.prweb.com

International Real Estate Specialist Danna Hinz, of The Hinz Group at RE/MAX Alliance - Louisville, has chosen Vested Interest in K9s as the charity to support in 2017. “As a prior Sheriff’s Deputy, these K-9 units are very close to my heart,” said Hinz. “Many agencies don’t have the funding to provide life-saving vests for their animals. I love being able to help in such a vital way, both for them and their handlers.” Vested Interest in K9s is a non-profit with a special mission to provide state-of-the-art bullet and stab protective vests to dogs of law enforcement and related agencies throughout the country. Each vest provides the ultimate protection for K9s and is made in the United States. Vested Interest in K9s has an exclusive rate for these vests, making it possible to provide a vest to one K9 in the United States for a donation in the amount of $1,050. Ordinarily, these vests are valued between $1,795-$2,234. “We hope to donate 5-10 vests this year,” added Hinz. “As a former deputy with the Boulder County Sheriff’s Department, I am excited to learn that the Boulder County Sheriff’s Department was a recent recipient of one of these protective K9 vests.” Those who become a sponsor of Vested Interest in K9s have the option of having their vest embroidered at no extra cost. Each vest has a five-year warranty. Help protect K9 officers across the country and become a sponsor today by visiting http://www.vik9s.org/become-a-sponsor/. About Danna Hinz, The Hinz Group at RE/MAX Alliance - Louisville Danna Hinz is a Certified Distressed Property Expert (CDPE), Accredited Buyer’s Representative (ABR) and Graduate, REALTOR Institute (GRI). Throughout the years, she has developed great relationships with reliable loan officers in the area. For more information, please call or text (303) 901-3860, or visit http://www.thehinzgroup.com. The office is located at 225 W. South Boulder Road, Louisville, CO 80027. About the NALA™ The NALA offers small and medium-sized businesses effective ways to reach customers through new media. As a single-agency source, the NALA helps businesses flourish in their local community. The NALA’s mission is to promote a business’ relevant and newsworthy events and achievements, both online and through traditional media. For media inquiries, please call 805.650.6121, ext. 361.


UNIONDALE, N.Y., May 05, 2017 (GLOBE NEWSWIRE) -- Arbor Realty Trust, Inc. (NYSE:ABR), today announced financial results for the first quarter ended March 31, 2017.  Arbor reported net income for the quarter of $15.6 million, or $0.30 per diluted common share, compared to $1.1 million, or $0.02 per diluted common share for the quarter ended March 31, 2016.  Adjusted funds from operations (“AFFO”) for the quarter was $24.7 million, or $0.33 per diluted common share, compared to $6.9 million, or $0.13 per diluted common share for the quarter ended March 31, 2016.1 For the quarter ended March 31, 2017, the Agency Business generated revenues of $48.0 million, compared to $51.1 million for the fourth quarter of 2016. Gain on sales, including fee-based services, net was $19.2 million for the quarter, reflecting a margin of 1.40% on loan sales, compared to $14.9 million and 1.58% for the fourth quarter of 2016. Income from mortgage servicing rights was $20.0 million for the quarter, reflecting a rate of 1.74% as a percentage of loan commitments, compared to $29.0 million and 2.05% for the fourth quarter of 2016. At March 31, 2017, loans held-for-sale was $573.2 million which was primarily comprised of unpaid principal balances totaling $565.2 million, with financing associated with these loans totaling $564.3 million. The fee-based servicing portfolio totaled $14.47 billion at March 31, 2017, an increase of 7% from December 31, 2016, primarily as a result of $1.29 billion of new loan originations during the quarter. Servicing revenue, net was $4.8 million for the quarter, and consists of servicing revenue of $16.7 million net of amortization of mortgage servicing rights totaling $11.9 million. Loans sold under the Fannie Mae program contain an obligation to partially guarantee the performance of the loan (“loss-sharing obligations”). At March 31, 2017, the Company’s allowance for loss-sharing obligations was $32.2 million which consists of general loss sharing guaranty obligations of $28.0 million, representing 0.24% of the Fannie Mae servicing portfolio, and $4.2 million of loss-sharing obligations on specifically identified loans with losses determined to be probable and estimable. At March 31, 2017, the loan and investment portfolio’s unpaid principal balance, excluding loan loss reserves, was $1.74 billion, with a weighted average current interest pay rate of 5.81%, compared to $1.80 billion and 5.71% at December 31, 2016.  Including certain fees earned and costs associated with the loan and investment portfolio, the weighted average current interest pay rate was 6.45% at March 31, 2017, compared to 6.39% at December 31, 2016. The average balance of the Company’s loan and investment portfolio during the first quarter of 2017, excluding loan loss reserves, was $1.80 billion with a weighted average yield on these assets of 6.39%, compared to $1.79 billion and 6.38% for the fourth quarter of 2016. At March 31, 2017, the Company’s total loan loss reserves were $83.0 million on seven loans with an aggregate carrying value before loan loss reserves of $186.6 million. The Company also had three non-performing loans with a carrying value of $1.0 million, net of related loan loss reserves of $22.2 million. The Company purchased, at a discount, $20.9 million of its junior subordinated notes, with a carrying value of $19.8 million, resulting in the recognition of a gain on extinguishment of debt of $7.1 million. The balance of debt that finances the Company’s loan and investment portfolio at March 31, 2017 was $1.38 billion with a weighted average interest rate including fees of 4.51%, as compared to $1.35 billion and a rate of 4.45% at December 31, 2016. The average balance of debt that finances the Company’s loan and investment portfolio for the first quarter of 2017 was $1.37 billion, as compared to $1.44 billion for the fourth quarter of 2016. The average cost of borrowings for the first quarter was 4.51%, compared to 4.82% for the fourth quarter of 2016. The decrease in average cost was primarily due to the maturity of the Company’s remaining interest rate swaps as well as from the acceleration of fees related to the unwind of a CLO in the fourth quarter, partially offset by an increase in the one-month LIBOR interest rate. The Company is subject to various financial covenants and restrictions under the terms of its CLO vehicles and financing facilities. The Company believes it was in compliance with all financial covenants and restrictions as of March 31, 2017 and as of the most recent CLO determination dates in April 2017. In April 2017, the Company completed its seventh collateralized securitization vehicle totaling $360.0 million of real estate related assets and cash. An aggregate of $279.0 million of investment grade-rated notes were issued, and the Company retained an $81.0 million equity interest in the portfolio. The notes have an initial weighted average interest rate of 1.99% plus one-month LIBOR, excluding fees and transaction costs. The facility has a three year replenishment period that allows the principal proceeds from repayments of the collateral assets to be reinvested in qualifying replacement assets, subject to certain conditions. The Company reopened its 6.50% Convertible Senior Notes due 2019 and issued an additional $13.8 million for a total outstanding principal amount of $100.0 million. The proceeds received by the Company are intended to be used to make investments in our business and for general corporate purposes. The Company announced today that its Board of Directors has declared a quarterly cash dividend of $0.18 per share of common stock for the quarter ended March 31, 2017, representing an increase of 6% over the prior quarter dividend of $0.17 per share. The dividend is payable on May 31, 2017 to common stockholders of record on May 17, 2017. The ex-dividend date is May 15, 2017. As previously announced, the Board of Directors has declared cash dividends on the Company's Series A, Series B and Series C cumulative redeemable preferred stock reflecting accrued dividends from March 1, 2017 through May 31, 2017. The dividends are payable on May 31, 2017 to preferred stockholders of record on May 15, 2017. The Company will pay total dividends of $0.515625, $0.484375 and $0.53125 per share on the Series A, Series B and Series C preferred stock, respectively. The Company will host a conference call today at 10:00 a.m. ET. A live webcast of the conference call will be available at www.arbor.com in the investor relations area of the website. Those without web access should access the call telephonically at least ten minutes prior to the conference call. The dial-in numbers are (866) 516-5034 for domestic callers and (678) 509-7613 for international callers. Please use participant passcode 10756167. After the live webcast, the call will remain available on the Company's website through May 31, 2017.  In addition, a telephonic replay of the call will be available until May 12, 2017. The replay dial-in numbers are (855) 859-2056 for domestic callers and (404) 537-3406 for international callers. Please use passcode 10756167. Arbor Realty Trust, Inc. (NYSE:ABR) is a real estate investment trust and national direct lender specializing in loan origination and servicing for multifamily, seniors housing, healthcare and other diverse commercial real estate assets. Arbor is a Top 10 Fannie Mae DUS® Multifamily Lender by volume and a Top Fannie Mae Small Loan lender, a Freddie Mac Program Plus® Seller/Servicer and the Top Freddie Mac Small Balance Loan Lender, a Fannie Mae and Freddie Mac Seniors Housing Lender, an FHA Multifamily Accelerated Processing (MAP)/LEAN Lender, a HUD-approved LIHTC Lender as well as a CMBS, bridge, mezzanine and preferred equity lender, consistently building on its reputation for service, quality and flexibility. With a fee-based servicing portfolio of over $14 billion, Arbor is a primary commercial loan servicer and special servicer rated by Standard & Poor’s with an Above Average rating. Arbor is also on the Standard & Poor’s Select Servicer List and is a primary commercial loan servicer and loan level special servicer rated by Fitch Ratings. Arbor is externally managed and advised by Arbor Commercial Mortgage, LLC. Certain items in this press release may constitute forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995.  These statements are based on management’s current expectations and beliefs and are subject to a number of trends and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Arbor can give no assurance that its expectations will be attained.  Factors that could cause actual results to differ materially from Arbor’s expectations include, but are not limited to, continued ability to source new investments, changes in interest rates and/or credit spreads, changes in the real estate markets, and other risks detailed in Arbor’s Annual Report on Form 10-K for the year ended December 31, 2016 and its other reports filed with the SEC. Such forward-looking statements speak only as of the date of this press release. Arbor expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Arbor’s expectations with regard thereto or change in events, conditions, or circumstances on which any such statement is based. During the quarterly earnings conference call, the Company may discuss non-GAAP financial measures as defined by SEC Regulation G. In addition, the Company has used non-GAAP financial measures in this press release. Supplemental schedules of each non-GAAP financial measure and the comparable GAAP financial measure can be found on page 11 of this release.


News Article | May 2, 2017
Site: www.businesswire.com

NEW YORK--(BUSINESS WIRE)--Gramercy Property Trust (NYSE:GPT) today reported financial results for the first quarter of 2017. Gramercy Property Trust (NYSE:GPT) today reported net income to common shareholders of $7.6 million, or $0.05 per diluted common share, for the three months ended March 31, 2017. Net income also includes $4.6 million of gains on disposals of real estate, net of impairments. Net income for the three months ended March 31, 2017 includes a $4.9 million other-than-temporary impairment attributable to the Company's retained CDO bonds. For the first quarter of 2017, the Company generated NAREIT defined FFO of $67.4 million, or $0.47 per diluted common share, and for the first quarter of 2016, FFO was $62.1 million, or $0.44 per diluted common share. The Company also reported Core FFO of $72.5 million, or $0.51 per diluted common share during the quarter, compared to Core FFO of $76.9 million, or $0.54 per diluted common share for the first quarter of 2016. The Company generated adjusted funds from operations, or AFFO, of $68.1 million, or $0.48 per diluted common share during the first quarter of 2017, compared to AFFO of $72.7 million, or $0.51 per diluted common share for the first quarter of 2016. A reconciliation of FFO, Core FFO and AFFO to net income available to common shareholders is included in this press release. For the first quarter of 2017, the Company recognized total revenues of approximately $130.0 million, an increase of 3% over total revenues of $126.2 million reported in the prior quarter, primarily attributable to acquisition activity. The Company reaffirms its previously announced outlook for 2017 with expected Core FFO of $2.10 - $2.25 per diluted common share and expected AFFO of $1.95 - $2.10 per diluted common share. As of March 31, 2017, the Company owned interests in 318 properties containing an aggregate of approximately 66.7 million rentable square feet with 98.4% occupancy and an ABR weighted average remaining lease term of 7.5 years. In the first quarter of 2017, the Company acquired five industrial properties in separate transactions for an aggregate purchase price of approximately $94.1 million with an initial cash capitalization rate of 7.4%. In the first quarter of 2017, the Company also completed a build-to-suit property valued at $29.6 million and acquired a vacant property for $2.4 million. Subsequent to quarter end, the Company acquired two properties in Savannah, Georgia and Baltimore, Maryland and entered into one build-to-suit transaction in Spartanburg, South Carolina, for total estimated investments across all three of $77.3 million at an initial cash capitalization rate of 7.8%. First quarter 2017 property acquisitions are summarized in the chart below: Pursuant to the Company's previously announced disposition plan, during the quarter, the Company disposed of seven buildings including one vacant property for aggregate gross proceeds of $51.7 million. The weighted average remaining lease term for the occupied properties was 6.4 years at closing and the blended exit capitalization rate for the occupied properties was 6.5%. During the first quarter of 2017, the Company recorded net gain on disposals of $17.4 million for the seven assets sold during the quarter and impairment charges of $12.8 million related to two assets which are under contract to be sold in the second quarter. Subsequent to quarter end, the Company disposed of two retail bank branches and one single-tenant office for $47.0 million. First quarter 2017 property dispositions are summarized in the chart below: At March 31, 2017, the Company owned a 14.2% interest in Gramercy Property Europe plc ("Gramercy Europe"), an 80% interest in the Goodman U.K. joint venture, and a 5.1% interest in eight former Goodman Europe joint venture properties (now 94.9% owned by Gramercy Europe). During the first quarter of 2017, Gramercy Europe acquired one property. Since inception, Gramercy Europe has acquired 35 properties for €725.0 million, which includes the properties previously part of the former Goodman Europe joint venture. Subsequent to quarter end, the Company and its partners entered into an agreement to sell 100% of Gramercy Europe's assets to a consortium of clients managed by AXA Investment Managers - Real Assets. The total gross valuation is approximately €1.0 billion ($1.1 billion) with an exit cap rate of approximately 6.2%. The transaction and a simultaneous disposition by the Company of its 5.1% minority interest in eight former Goodman Europe joint venture properties is expected to result in net distributions to the Company of approximately €90.7 million ($96.6 million), inclusive of a promoted interest distribution of approximately €7.9 million ($8.4 million). The Company funded €50.0 million ($53.3 million) of equity capital into Gramercy Europe and has a €3.1 million ($3.3 million) carrying value in the 5.1% minority interest. Completion of the transaction is subject to the satisfaction of customary conditions. The transaction is expected to close in the third quarter of 2017; however, there can be no assurances that the transaction will close on the terms described herein or at all. During the first quarter of 2017, the Company executed three new leases aggregating approximately 165 thousand square feet for an average lease term of 8.4 years and a leasing spread of 28.1% over prior annual base rent ("ABR"). Also, the Company executed and commenced two lease renewals aggregating approximately 700 thousand square feet for an average lease term of 7.5 years and a leasing spread of 20.4% over prior ABR. The Company's asset and property management business, which operates under the name Gramercy Asset Management, currently manages approximately $1.1 billion of commercial properties for third parties, including $918.0 million in Europe. At the end of the first quarter of 2017, the Company wound up the KBS asset management agreement. The Company sold almost 700 properties in 330 transactions on behalf of KBS, earning $24.0 million in incentive fees, and $35.8 million in fees for property and asset management services provided since December 2013 when the management agreement was renegotiated with KBS. In the first quarter of 2017, Gramercy Asset Management recognized fee revenues of $4.6 million for property management, asset management, and administrative fees, as compared to $5.2 million for the prior quarter. The decrease in fees of approximately $0.6 million for the first quarter of 2017 is primarily attributable to the wind up of the KBS asset management agreement. Gramercy Asset Management recorded $1.4 million in incentive fees earned from the Company's third-party asset management business for the first quarter of 2017. As of March 31, 2017, the Company maintained approximately $784.5 million of liquidity, as compared to approximately $851.7 million of liquidity reported at the end of the prior quarter. Liquidity includes $56.3 million of unrestricted cash as compared to approximately $67.5 million reported at the end of the prior quarter. During the quarter, the Company drew down $60.0 million and repaid $5.0 million previously drawn on the Senior Unsecured Revolving Credit Facility. As of March 31, 2017, there were $121.8 million of borrowings outstanding under the revolving credit facility. General and administrative (or "G&A"), expenses were $8.8 million for the quarter ended March 31, 2017 compared to $9.3 million in the prior quarter. G&A expenses included non-cash share compensation costs of approximately $2.1 million for the quarter ended March 31, 2017 compared to $1.6 million in the prior quarter. The decrease in G&A expenses of $0.5 million is primarily due to decreased compensation costs. During the first quarter of 2017, the Company issued 731,453 shares through its "At-The-Market" equity issuance program ("ATM") for net proceeds of $19.7 million. In April 2017, the Company completed an underwritten public offering of 10,350,000 common shares, which includes the exercise in full by the underwriters of their option to purchase 1,350,000 additional common shares. The common shares were issued at a public offering price of $27.60 per share and the net proceeds from the offering were approximately $274.2 million. The Company intends to use the net proceeds of this offering to fund the future acquisition of its target assets and for working capital and other general corporate purposes, which may include the repayment or repurchase of indebtedness. The Company paid a first quarter 2017 dividend on the Company’s 7.125% Series A Cumulative Redeemable Preferred Shares in the amount of $0.44531 per share on March 31, 2017 to preferred shareholders of record as of the close of business on March 15, 2017. In April, the Company paid a dividend of $0.375 per common share for the first quarter of 2017. The first quarter dividend was paid on April 14, 2017 to holders of record as of March 31, 2017. Subsequent to quarter end, the Company declared a second quarter 2017 common share dividend of $0.375 per share payable on July 14, 2017 to shareholders of record as of June 30, 2017. Subsequent to quarter end, the Company also declared a second quarter 2017 dividend on the Company's 7.125% Series A Cumulative Redeemable Preferred Shares in the amount of $0.44531 per share, payable on June 30, 2017 to preferred shareholders of record as of the close of business on June 20, 2017. Gramercy Property Trust is a leading global investor and asset manager of commercial real estate. The Company specializes in acquiring and managing high quality, income producing commercial real estate leased to high quality tenants in major markets in the United States and Europe. To review the Company’s latest news releases and other corporate documents, please visit the Company's website at www.gptreit.com or contact Investor Relations at 888-686-0112. The Company's executive management team will host a conference call and audio webcast on Wednesday, May 3, 2017, at 11:00 AM EDT to discuss first quarter 2017 financial results. Presentation materials will be posted prior to the call on the Company's website, www.gptreit.com. Interested parties may access the live call by dialing 1-888-317-6003, or for international participants 1-412-317-6061, using passcode 8507582. Additionally, the live call will be webcast in listen-only mode on the Company’s website at www.gptreit.com in the Investor Relations section. A replay of the call will be available at 2:00 PM EST, May 3, 2017 through midnight, May 17, 2017 by dialing 1-877-344-7529, or for international participants 1-412-317-0088, using the access code 10104833. The Company has used non-GAAP financial measures as defined by SEC Regulation G in this press release. A reconciliation of each non-GAAP financial measure and the comparable GAAP financial measure can be found in this release. The Company has used non-GAAP financial measures as defined by SEC Regulation G in this press release. A reconciliation of each non-GAAP financial measure and the comparable GAAP financial measure can be found in this release. Funds from operations (“FFO”): The revised White Paper on FFO approved by the Board of Governors of the National Association of Real Estate Investment Trusts, or NAREIT, defines FFO as net income (loss) (determined in accordance with GAAP), excluding impairment write-downs of investments in depreciable real estate and investments in in-substance real estate investments and sales of depreciable operating properties, plus real estate-related depreciation and amortization (excluding amortization of deferred financing costs), less distributions to noncontrolling interests and gains/losses from discontinued operations and after adjustments for unconsolidated partnerships and joint ventures. Core FFO and adjusted funds from operations (“AFFO”): Core FFO and AFFO are presented excluding property acquisition costs, loss on extinguishment of debt, other-than-temporary impairments on retained bonds, mark-to-market on interest rate swaps, and one-time charges. AFFO of the Company also excludes non-cash share-based compensation expense, amortization of above- and below-market leases, amortization of deferred financing costs and non-cash interest, amortization of lease inducement costs, non-real estate depreciation and amortization, amortization of free rent received at property acquisition, straight-line rent, and these AFFO adjustments as they pertain to the Company's unconsolidated equity investments. The Company believes that Core FFO and AFFO are useful supplemental measures regarding the Company’s operating performances as they provide a more meaningful and consistent comparison of the Company’s operating performance and allows investors to more easily compare the Company’s operating results. FFO, Core FFO and AFFO do not represent cash generated from operating activities in accordance with GAAP and should not be considered as alternatives to net income (determined in accordance with GAAP), as indications of our financial performance, or to cash flow from operating activities as measures of our liquidity, nor are they entirely indicative of funds available to fund our cash needs, including our ability to make cash distributions. Our calculations of FFO, Core FFO and AFFO may be different from the calculations used by other companies and, therefore, comparability may be limited. This press release contains forward-looking information based upon the Company's current best judgment and expectations. Actual results could vary from those presented herein. The risks and uncertainties associated with forward-looking information in this release include, but are not limited to, factors that are beyond the Company's control, including the factors listed in the Company's Annual Report on Form 10-K, in the Company's Quarterly Reports on Form 10-Q and in the Company's Current Reports on Form 8-K. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. For further information, please refer to the Company's filings with the Securities and Exchange Commission. This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of the securities, nor shall there be any sale of these securities, in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Loading ABR Inc. collaborators
Loading ABR Inc. collaborators