Recent News: GE Real Estate, GE Aviation, GE in Japan, Global Growth, GE Energy in IL & TX, Carbon Emissions, and GE Water in Turkey

GE Invests $18M in Two Apartment Complexes
GE Real Estate of Norwalk, CT has made an equity investment of $17.8 million with partner BH Equities to acquire two adjacent Class A multifamily assets located in this newly developed community 12 miles north of North Dallas. The properties are Benton Pointe, a 456-unit, three-story garden apartment complex at 425 Benton Dr., and Lansbrook at Twin Creek, a 288-unit, two-story garden apartment complex at 505 Benton Dr....

GE Aviation, Rolls-Royce complete testing phase for F136 engine
The F136 engine being developed by GE Aviation and Rolls-Royce for the U.S. Joint Strike Fighter (F-35) program, has moved another step toward production, the companies said....

Japanese biomass fires up GE engines
Two General Electric Jenbacher gas engines fueled by gasified wood chips are operating at Japan’s largest wood gas-to-energy plant, producing 2 megawatts of electricity for local power 400 kilometers north of Tokyo...

GE looking overseas to find growth
Worried about the U.S. economy? Go global.That's the philosophy of the massive conglomerate, which is globalizing all of its businesses. Overseas sales accounted for more than half of GE's total revenue for the first time last year, and there is likely more growth ahead....

GE Finalizes its Exit from Japanese Consumer Finance
An auction for General Electric Co.’s consumer finance business in Japan is entering its final stage, signaling the latest stage of consolidation of the ailing industry....

GE invests in Texas, Illinois wind projects
GE Energy Financial Services, a unit of GE, is partnering for the third time with leading global wind power developer Invenergy Wind LLC, by investing in Illinois and Texas wind farms that will produce emissions-free electricity equivalent to taking 96,000 average US cars off the road. Together, the two projects will produce nearly 250 megawatts of power...

Ahead of the Pack
General Electric Co. Chairman and CEO Jeffrey R. Immelt has become one of the country's leading advocates of government-mandated caps on carbon emissions. Not because he's an environmentalist -- he says he isn't -- but because he feels government will impose those caps someday so business should get out in front on the issue...

GE has plans for desalination facilities in Turkey
Kürşat Özkan, General Electric’s regional executive for Turkey and southwest Asia, has said that his company has been working on a number of projects to desalinate sea water and to recycle used water, moves of critical importance as climatologists suggest Turkey will be countries facing serious water shortages in 20 to 25 years....