October, 2008 - Beacon Mutual extends Facilities Service Agreement

DIMEO PROPERTIES announced that it has received an extension to its facilities management agreement with The Beacon Mutual Insurance Co. The agreement covers the 60,000 sf headquarters building on Route 95 and the adjoining Training Center. Dimeo Properties competed with two local real estate service firms and one national firm for the prestegious assignment.

September, 2008 - Dimeo Joins Safety Alliance

DIMEO PROPERTIES announced that it has formally joined with 22 local Southern New England firms to form the Safety Alliance Furthering Educational Resources(SAFER). SAFER members have established a formal partnership with the Occupational Safety and Health Administration(OSHA)- Providence Area Office.

Through a series of monthly meetings, the Alliance will provide SAFER member firms with information, guidance, and access to training resources that will help protect employees' health and safety by eliminating and reducing work hazards. "Knowledge is the key to providing and ensuring a safe and healthful work environment," said Patrick Griffin, OSHA's area director for Rhode Island.

"This meeting, and those to follow, will allow everyone in the state's construction community – small and large employers, their employees and trainees, safety and health professionals, and OSHA – to obtain and exchange vital safety information free of charge and in a cooperative setting."

June, 2008 - Architectural Record/McGraw-Hill Features Metro 2 Atrium Renovations

In an effort to better the appearance and functionality of the windows in Metro 2, DIMEO PROPERTIES installed new energy efficient windows in the main lobby of Metro 2. The project was selected to appear on-line in Architectural Record's "Green Project Showcase" at archrecord.com

The new windows are gray, reflective Low E Argon filled insulated glass which will help the building's performance during both heating and cooling seasons. The primary contractor for the project, titled "Metro 2 Atrium Renovations", was Hareld Glass.

May, 2008 - Eileen Brierley Honored by IREM

At it's May meeting, Eileen Brierley was recognized by Chapter 88 of the Institute of Real Estate Management (IREM) as the 2008 Certified Property Manager (CPM) of the Year. Ms. Brierley is a Senior Property Manager with DIMEO PROPERTIES in the Warwick, RI office. A Rhode Island native, Ms. Brierley was formerly with CB Richard Ellis and Gilbane.

The Chapter also recognized DIMEO PROPERTIES as Accredited Management Organization (AMO) of the Year. Dimeo Properties has been recognized as an AMO for over ten years.

April, 2008 - Yale selects Dimeo Properties for 1201 Chapel Street assignment

DIMEO PROPERTIES announced that it has been selected to manage a 13,000 sf alumni office building at 1201 Chapel Street, New Haven, CT. The Victorian era stick framed building was formerly known as the Three Chimney's Inn. It was part of the University Properties urban reinvestment portfolio, but was recently turned over to Yale Facilities to provide office space for its alumni. The property went through an extensive renovation, led by local architect Christopher Williams. There are 19 offices, 2 conference rooms and a space for student interns.

The University selected Dimeo based on a competitive bid process which included two other real estate firms. Currently, it is Dimeo's sixth management assignment with the Yale Facilities Group.

March, 2008 - Dimeo Announces Year End Results

DIMEO PROPERTIES announced that it has achieved record revenues for the fiscal year ending December 31, 2007. Dimeo's gross revenues of $5.8 million represents an increase over revenues of $5.7 million for fiscal 2006.  Income from operations showed a slight decline to $1.66 million from $1.75 million in the prior year.

March, 2008 - Dimeo Properties moves to Verizon

DIMEO PROPERTIES moved to a new generation of mobile phones from Verizon Wireless. Moving to a new generation of phones, seemed to be the best way to take advantage of Exchange 2007. The new phones use Windows Mobile® 6 OS with Documents–to–Go for viewing and editing email attachments. Mobile 6 supports ActiveSync which allows mobile devices to receive updates to employee mailboxs, contacts, task lists, and calendars, often quicker than a desktop.

February, 2008 - New Windows Exchange 2007 Mail Server

DIMEO PROPERTIES completed its launch of Microsoft's Exchange Server 2007 and Outlook Web Access 2007. The new version of Exchange is running on a new Dell PowerEdge 2950 server. This process had been in the making for several months, and necessitated revamping one of our domain controllers to run 64 bit applications. The 64 bit domain controller will allow significantly more RAM to be used on any future servers on our network.

As a part of the Exchange rollout, we also had to upgrade our Brightmail antispam products to Symantec Mail Security for Microsoft Exchange (SMSME). Symantec, which bought Brightmail four years ago, does not plan to release a 64bit version of Brightmail as a stand alone product, but has integrated it into its SMSME product offering.

January, 2008 - Dimeo installs elevators at high rise apartment building in Providence

DIMEO PROPERTIES completed a replacement program for the passenger elevators at the Beneficent House, a ten story apartment building located at One Chestnut Street in Providence, RI. The project took approximately six months as the elevators were replaced sequentially. This was done so we could provide elevator service for the 180 residents for nearly the entire duration of the project.

The project team included Otis, Eveready Electric, Dominic & Sons, and Ascent Vertical Transportation Management Consultants of Hartford, CT. Replacement of the existing elevators, which were nearly forty years old, included removal of inefficient DC motors which were typical of traction elevators of the time. The project had the full support of the board, site staff, residents and vendors.

 2007