Marcus & Millichap (NYSE: MMI) announced the sale of The SEBO, an early century historic apartment building located in the prestigious Roosevelt Historic District of Downtown Central Phoenix. The asset commanded a sales price of $1,200,000 or $150,000 per unit.

Brian Tranetzki and Rich Butler, multifamily investment specialists in Marcus & Millichap’s Phoenix office had the exclusive listing, marketed the property and negotiated the transaction on behalf of the seller, a local private investment partnership.

“The SEBO is a re-development opportunity of an existing early century historic apartment building that had been converted to office space in the 1950’s and is now in the process of being converted back to eight high end boutique multifamily units. According to the Arizona Business Journal, apartment rents in Roosevelt Row and central Phoenix core are the most expensive for the entire metro area, surpassing rents in Old Town Scottsdale, reportedly for the first time ever. The property is located in the heart of the Phoenix arts district, a vibrant downtown community providing truly authentic city living in one of the fastest growing areas of the State,” says Tranetzki.

The property is located at 402 West Roosevelt Street, Phoenix, Arizona.

“Situated in the heart of the popular and historic Roosevelt Row, this epicenter of Central Phoenix is surrounded by some of the top entertainment venues in Phoenix which includes the Herberger Theater, Comerica Theater, The Orpheum Theater, Phoenix Symphony Hall, Arizona Center for the Arts and the Phoenix Science Center. SEBO is also walking distance to Arizona State University’ s downtown campus, the University of Arizona College of Medicine, ASU’ s Sandra Day O’ Connor School of Law and the Phoenix Biomedical Campus for UofA and NAU,” adds Butler.

TUCSON, AZ — The Javelin™ Joint Venture team, a partnership between Raytheon Company (NYSE: RTN) and Lockheed Martin (NYSE: LMT), signed a letter of intent (LOI) with Tata Power Company Limited operating through its Strategic Engineering Division (SED), to explore co-development and production of the Javelin anti-armor missile system.

Javelin is a compact, lightweight missile designed for one-soldier operations in all environments. It is made by the Javelin Joint Venture, a partnership between Raytheon Company and Lockheed Martin. Javelin has been adopted by international armed forces around the world. It is currently fielded with the U.S. Army and U.S. Marine Corps, and has also been approved for 15 foreign military sales customers.

“This agreement brings together three world leaders in aerospace and defense technology to extend Javelin to new customers, new applications and new platforms,” said John Halvey, Javelin Joint Venture president at Raytheon Missile Systems. “With this deal, we are also reinforcing our continued support of the ‘Make in India’ initiative.”

As part of the LOI, the Javelin Joint Venture (JJV) and Tata Power SED will create a strategy to co-develop and produce the Javelin missile system and integrate platform mounts to meet Indian requirements. This includes ground combat vehicle, dismounted infantry and rotorcraft applications.

“The combat-proven Javelin continues to fulfill a critical precision-strike role with our domestic and international partners,” said Rich Benton, Javelin Joint Venture vice president and Javelin program director at Lockheed Martin Missiles and Fire Control. “We look forward to working with Tata Power SED to maximize the versatility and lethality of Javelin on these new platforms.”

In addition to meeting the Government of India’s “Make in India” objectives, the LOI establishes a framework for future technological cooperation between the Javelin Joint Venture and Tata Power SED.

“Since the early 1980s,Tata Power SED has established its R&D and ‘Make in India’ credentials, as part of Dr. Kalam’s Integrated Guided Missile Development Program,” said Rahul Chaudhry, Chief Executive Officer at Tata Power SED. “Now, our partnership with the JJV will bring the world’s best technology to our soldiers enabling battlefield supremacy. Indian industry will benefit immensely from the depth and range of this planned technology transfer and co-development.”

The Tata Power Company Limited operating through it’ Strategic Engineering Division (Tata Power SED) has been a leading private-sector player in the indigenous Design, Development, Production, Integration, Supply and Life-cycle Support of mission critical Defence Systems of Strategic importance, for close to four decades. During this period, the Division has partnered the Ministry of Defence (MoD), the Armed Forces, DPSUs and DRDO in the development & supply of state-of- the-art Systems and emerged as a Prime Contractor to MoD for Indigenous Defence Production when it secured Orders for Pinaka Multi Barrel Rocket Launcher, Akash Army Launcher and Integrated EW System for the Indian Army and for the Akash Air Force Launcher, COTS-based Automatic Data Handling System for Air Defence and Modernisation of Airfield Infrastructure (MAFI) for the Indian Air Force, Tactical Communication Systems and Battlefield Management Systems. For more information, visit www.TataPowerSED.in.

By Allie Bice | Cronkite News

WASHINGTON – Arizona election officials said that “at no point” was voter registration information “accessed or manipulated” after an attempted hack into the state’s database over the summer.

The Arizona Statewide Voter Registration System, which holds personal information on 3.4 million Arizona voters, was shut down for 10 days in June after an FBI warning of a “credible threat” to the system, according to the Arizona Secretary of State’s office.

“Our office performed an exhaustive security review of the statewide voter registration system with the help of the Arizona Department of Administration and our voter registration software vendor,” said Matt Roberts, a spokesman for the secretary of state.

He said the office also took steps to ensure the voter rolls were secure for Tuesday’s primary election.

Cybersecurity experts said the hack attempts – voting records in Illinois were also reportedly targeted – appeared to be fairly crude and unsuccessful, but they serve as reminders that any online system can be a target.

“This election cycle has brought home the fact that our election infrastructure and our election technology is technology and, like all technology, it is intentionally subject to attacks,” said Lawrence Norden, a voting technology expert at the Brennan Center for Justice at the New York University School of Law.

“That doesn’t mean that the integrity of our national election is at risk, but it does mean that we should be thinking of all the security measures that we know about and make sure they’re in place,” he said.

Norden said that the integrity of elections should not be questioned as a result of this summer’s hacks. But an Arizona State University expert said that as voters head to polls, they should remain alert and file complaints if they face any difficulties.

“Test it out. Make sure you’re in the system. Go to your polling place and make sure everything runs smoothly,” said

Jamie Winterton, director of Strategic Research Initiatives at ASU’s Global Security Initiative. “The best thing to do is to show up and vote.”

Winterton said Tuesday this summer’s attempted hack did not appear to be “particularly sophisticated” in that it attempted to get into the voter database using simple code, which is “not a terribly difficult thing to protect against because code has weird symbols in it.”

“Code has equal signs, semicolons, and quotes. Nobody’s name has those things,” Winterton said. “Just by making some simple rules and trying to think, ‘How will people use this for bad things?’ We could solve a lot of problems.”

The hacks came to light after Yahoo News reported Monday on an Aug. 18 FBI Cyber Division alert to “need to know” recipients that said the agency had received information about two separate IP addresses trying to hack board of election websites in two states. The alert does not name the states, but Yahoo’s Michael Isikoff reported that “sources familiar with the document” confirmed Arizona and Illinois were the states.

The FBI bulletin encouraged states to “contact their Board of Elections and determine if any similar activity to their logs, both inbound and outbound, has been detected. Attempts should not be made to touch or ping the IP addresses directly.”

The FBI declined to comment on the alert, saying in an e-mailed statement Monday only that it “routinely advises private industry of various cyber threat indicators observed during the course of our investigations. This data is provided in order to help systems’ administrators guard against the actions of persistent cyber criminals.”

Roberts said the only damage from the assault on the state’s system was the leak of credentials used by county elections employee to access the system.

He said the office has not found further evidence of malware in its voter registration system, but is looking to implement a “two-factor authentication” before people can access the system.

“I log in to the system using a password, and then I’m e-mailed or texted a different authentication password,” Roberts said of the change being considered. “You can’t just log in by yourself without a second level of security ensuring that you are who you are trying to say you are.”