MATERIALS

Ricoh and Coghlin Companies help manufacturers bring emerging technologies to market faster

Ricoh & Coghlin | October 01, 2021

Ricoh USA, Inc.announced it is teaming with Coghlin Companies, a leading product development and contract manufacturing services provider, to accelerate and enhance support and service of manufacturers bringing new and complex electromechanical equipment – such as industrial robotics, medical devices, additive manufacturing and other emerging technologies – to market. The collaboration leverages RICOH Service Advantage, a leading service and support offering that provides technology manufacturers with the scalability and flexibility to meet service needs and move their businesses forward.

"There are many synergies with the type of technologies Ricoh supports through the RICOH Service Advantage program, such as automation, additive manufacturing and robotics," said Chris Coghlin, CEO, Coghlin Companies, Inc. "Ricoh is a tenured and proven partner that provides ongoing and valuable post-sale technical service and support expertise to our manufacturing customers. The company's commitment extends to our customer's customer who can leverage the global Ricoh service delivery infrastructure to support their offerings at scale through this unique collaboration."

RICOH Service Advantage's extensive technical and customer support infrastructure – from end-user training and remote services to ongoing maintenance and onsite break/fix support –   combined with Coghlin Companies' engineering, global fulfillment and contract manufacturing expertise, gives manufacturers access to the full complement of post-sale technology lifecycle services and support solutions needed to grow their businesses.

"With RICOH Service Advantage, we help customers deliver scalable, comprehensive, flexible service and support offerings that provide a significant competitive advantage,Creating and executing superior, repeatable service strategies is a part of our foundation at Ricoh, and we're excited to team up with Coghlin Companies to deliver an end-to-end engineering, manufacturing and aftermarket solution ecosystem that enables manufacturers to deliver advanced technology to their customers."

-Jim Kirby, Vice President, Service Advantage, Ricoh USA, Inc.

Coghlin Companies and Ricoh are currently supporting a broad range of customers, including a vast, Internet-based enterprise that sells a variety of products and delivers media directly and indirectly to millions of customers worldwide.

About Coghlin Companies
Coghlin Companies and its wholly owned subsidiaries, Columbia Tech and Cogmedix, are a fourth generation, privately held time to market services company providing world-class product development, manufacturing, global fulfillment and aftermarket services to a diversified group of capital equipment innovators in the medical, life sciences, energy, homeland security, robotics and automation, communications, semiconductor, LED, water treatment, and food and beverage industries.

About RICOH
Ricoh is empowering digital workplaces using innovative technologies and services that enable individuals to work smarter from anywhere.With cultivated knowledge and organizational capabilities nurtured over its 85-years history, Ricoh is a leading provider of digital services and information management, and print and imaging solutions designed to support digital transformation and optimize business performance.Headquartered in Tokyo, Ricoh Group has major operations throughout the world and its products and services now reach customers in approximately 200 countries and regions. In the financial year ended March 2021, Ricoh Group had worldwide sales of 1,682 billion yen (approx. 15.1 billion USD).

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MATERIALS, CONSTRUCTION

Holcim US Unites Legacy Brands in Colorado

Holcim | September 29, 2022

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CONSTRUCTION

Jones Street Investment Partners Secures $179 Million in Construction Financing for Three Northeast Multifamily Projects

Jones Street Investment Partners | November 15, 2022

Jones Street Investment Partners, a private equity real estate firm focused on multifamily assets located throughout the Northeast and Mid-Atlantic regions of the U.S., today announced that it has secured $179 million in construction financing to develop luxury multifamily communities in Kittery and Brunswick, Maine, as well as Manchester, New Hampshire. Securing these loans enables Jones Street to expand its portfolio in key secondary markets across the Northeast that are severely supply constrained and have demonstrated consistently strong rental growth. “We appreciate the support of our financing partners, Our ability to secure these loans at attractive terms is a testament to the strength of our relationships, the quality of our business plans and our established track record. Each of these projects aligns with our emphasis on long-term, cash flowing investment strategies that have the potential to deliver attractive risk-adjusted returns. We look forward to ingraining ourselves within each of these communities and delivering exceptional living experiences to our future residents.” -Matt Frazier, founder and CEO of Jones Street Investment Partners. Jones Street secured a $70 million loan from Key Bank as well as a $7.9 million preferred equity investment from a major investment manager to develop Seacoast Residences, a 282-unit multifamily community located at 76 Dennett Road in Kittery. The five-building property, which is situated along I-95 and immediately across the border from Portsmouth, New Hampshire, will feature luxury unit finishes, a resort-style swimming pool, fitness center, dog park, sun deck, and on-site nature trails. Seacoast Residences is located in an area with a limited supply of rental product and is poised to benefit from its proximity to major employment centers. A number of national and regional businesses operate in the New Hampshire and Southern Maine seacoast regions, including Andover Healthcare, Portsmouth Naval Shipyard, CSI Engineering, Northwestern Mutual, and Sun Life Financial, among others. Jones Street expects to complete construction in early 2024. Bangor Savings Bank provided Jones Street with a $36 million loan to develop an amenity-rich, 181-unit multifamily community in Brunswick. Located on Admiral Fitch Avenue in a Qualified Opportunity Zone, the property sits within the Brunswick Landing Development, a former naval base that is being revitalized and includes nearly 2 million square feet of commercial and industrial space. Ideally situated three miles from downtown Brunswick and within 30 minutes of downtown Portland, which is experiencing sustained rent growth, the property is expected to benefit from the strong employment market. A number of major regional and national employers, including L.L.Bean, VividCloud and General Dynamics Bath Iron Works, as well as top-ranked Bowdoin College, operate in the area. The property is expected to be completed by the fourth quarter of 2024. Jones Street secured a $65.1 million loan from Berkshire Bank to develop a 250-unit multifamily community in downtown Manchester. Located at 75 Canal Street within a Qualified Opportunity Zone, the property will consist of studio, one-, two- and three-bedroom apartments and approximately 2,000 square feet of ground-floor retail space. It will also feature an array of amenities including a clubhouse with a full-service kitchen and game room, fitness center, business center and two outdoor courtyards. Manchester boasts low unemployment rates, high affordability and strong economic growth. This has translated into high occupancy and consistently strong rental growth. Major employers in the area include Oracle, TD Bank, New York Life and Southern New Hampshire University. Jones Street expects construction to be completed in the summer of 2024. About Jones Street Investment Partners: Jones Street Investment Partners is a privately held real estate investment management firm focused on multifamily investments located in the Northeast and Mid-Atlantic regions of the United States. Formed in 2014, the Boston-based firm is an opportunistic and disciplined value-based investor focused primarily on the management of long-term, cash-flowing investment strategies and drawing on the capabilities of affiliate Jones Street Residential for asset and property management. Aligning an institutional-quality investment and operational approach with the economic and strategic interests of its investors, Jones Street is a trusted source of investment opportunities for its capital partners. Jones Street’s portfolio consists of 4,389 apartment units with approximately $1.3 billion of current assets under management and $360 million of equity invested.

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MATERIALS, CONSTRUCTION

Carrier Ventures Invests in Next-Generation Sustainable Technology Startups

Carrier | September 15, 2022

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ENGINEERING TECH

IBM Acquires Dialexa to Speed Digital Innovation

IBM | September 26, 2022

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Business intelligence competence is weaving intelligence into the fabric of processes to build smarter businesses. It’s about knowing what questions to ask to deliver complete insight.The business fails to harness opportunities, deliver value and operate efficiently.

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