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OUT OF OFFICE ALERT: Work Anywhere in the World Courtesy of Velocity Global

Velocity Global

Nationwide contest sends three winners to live anywhere in the world for a full year and keep their current job Velocity Global to showcase the positive impact of remote work by supporting the winners at no cost to their employers Velocity Global, the leading provider of global talent solutions, today announced its Out of Office Year TM contest, which provides three winners the ability to work remotely in their current jobs from anywhere in the world, paid for by Velocity Global. "In this new world of work, you can be the CEO of your own career. Talent can move across the country or across the world on their own terms and their employer can benefit,” said Ben Wright, Velocity Global founder, and CEO. “The ‘Out of Office Year’ demonstrates to employers and employees how simple it is to work from anywhere, all while gaining new life experiences and a broader world view.” Workplace flexibility remains top of mind for workers. According to an August 2021 survey from FlexJobs, 58% of employees reported they wanted to be full-time remote post-pandemic. It’s a desire among business leaders as well. In the 2022 Velocity Global Work in Progress report, 63% of the more than 1,000 tech leaders surveyed said they would prefer to work from a new location such as closer to family or overseas. As employers continue to institute policies around different workplace concepts – remote, in-office, or hybrid – employees are evaluating if those policies align with their priorities. “The ability to work remotely is one of the most important conversations employers can have with their current and potential employees,” said Robert Herjavec, founder and CEO of Herjavec Group and Velocity Global brand ambassador. “I grew a leading cybersecurity company by committing to hire top talent from anywhere. I know the benefits that ‘work anywhere’ brings to a business, but now employees know the benefits it brings to their lives. There’s no turning back and Velocity Global’s Out of Office Year sheds light on how simple it can be to make this benefit a reality.” Out of Office Year Contest Details The contest is open to all U.S. residents interested in moving to another location while keeping their current job. At OOOyear.com, applicants submit up to a 60-second video explaining where and why they want to work remotely. Velocity Global will select three applicants and fulfill their dreams of working anywhere. Velocity Global will facilitate the conversation between the employees and their employers regarding worry-free compliance, payroll, and employee support. Velocity Global will support that employee through its global work platform in any of more than 185 countries for one year at no cost to the employer. The employer simply continues to pay the salary, benefits, and other regulatory requirements just as they do now for that employee. The winners and their stories will be chronicled through Velocity Global’s social media channels to inspire other employees and employers to enter the future of work. For more information about the contest or to submit an entry, please visit OOOyear.com. Applications are now open until January 31, 2022. About Velocity Global Velocity Global accelerates the future of work beyond borders. Its global work platform simplifies the employer and employee experience to employ any talent anywhere with just a click through its proprietary cloud-based workforce management technology, backed by personalized expertise and unmatched global scale. As the largest global Employer of Record (also known as International PEO) in 185 countries and all 50 United States, more than 1,000 brands rely on Velocity Global to build global teams without the cost or complexity of setting up foreign legal entities or state registrations. The company offers additional services including Independent Contractor Compliance to assess a workforce, and Agent of Record (AoR) to streamline payments to contractors. Velocity Global was named a “Leader” in Global Employer of Record services by prominent analyst firm NelsonHall. Founded in 2014, the company has hundreds of employees across six continents. For more information visit velocityglobal.com. Contact Details Velocity Global Eli Rice +1 720-650-4348 news@velocityglobal.com Company Website https://velocityglobal.com/

December 15, 2021 07:01 AM Mountain Standard Time

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STATHERO DAILY FANTASY SPORTS PLATFORM CLOSES A $4 MILLION SERIES A FUNDING ROUND BASED ON A $37 MILLION VALUATION LED BY BFG SPORTS BET

StatHero

The ONLY independent fantasy sports company playable in 34 states, StatHero lets DFS players go H2H against house lineups instead of in short-odds contests with unknown users. The fantasy sports and sports betting hybrid has become a game-changing force in the DFS space with 400% month-over-month growth in deposits and players betting an average of $1,500/yr; THREE TIMES the average spend of industry leading apps DraftKings and FanDuel. It’s this type of explosive growth that drew the attention of Illinois-based BFG Sports Bet, a venture capital fund with over a decade of experience in the highly regulated gaming industry. BFG is leading StatHero’s $4 million Series A Round of funding, on a $37 million valuation. The prospect of high-growth potential is obvious and this marks a significant next step. Monica and Robert Breslow of BFG Sports Bet: “We believe StatHero is the most innovative, exciting, user-friendly DFS platform available on the market today and has potential for tremendous growth. The combination of the gaming market, passion of the founders and the clear innovation of the gameplay itself really set them apart in our eyes. Not to mention the disruption that StatHero has been able to bring to this industry over such a short period of time.” Following a $2 million seed round investment in June of 2020 (also led by BFG) StatHero focused its energy and resources on innovation and development. It has fueled a considerable rise in users and has seen the company’s valuation more than double in the time since. Jason Jaramillo, Founder of StatHero: “This Series A round is so special to me because our original investors made it a priority to double up on their investment of StatHero. 2022 is going to be very big for us.” StatHero’s combination of skill-based games and low barrier of entry has allowed players to dive deeper into games while claiming a well over 50% winning percentage. As the company focuses on the future, a Series B round of funding is on the horizon for next spring. Until then, new products, new leagues and new features will be added to complement the slate of head-to-head contests and PARLAYS. About STATHERO Combining the best of fantasy sports and sports gaming, StatHero is a first of its kind daily fantasy sports platform. The company has exploded in growth since founded in 2019 in large part due it’s simple gameplay, low commitment and instant gratification. Stathero uses the familiar fantasy sports based format to allow players to compete against posted lineups across a variety of professional sports and game types including Survivor Pools, Head-to-Head and Fantasy Parlays. Their patent pending gameplay gives players an advantage unlike any other in fantasy sports. It’s truly daily fantasy the way it was meant to be played - one-on-one. For more information, visit: www.stathero.com and follow us on Twitter @StatHeroHq. For media/press inquiries on, please contact: Dianne Quirante, dianne@emcbowery.com Contact Details STATHERO Dianne Quirante +1 323-654-0001 dianne@emcbowery.com Company Website https://stathero.com/

December 15, 2021 06:00 AM Eastern Standard Time

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Embracing the ‘Long Drink’

YourUpdateTV

Long Drink – or “lonkero” – is a traditional Finnish cocktail that typically consists of gin, grapefruit soda, and tonic. Inspired by the Long Drink, The Boston Beer Company is launching all-new ‘Bevy Long Drink.’ Recently, Annette Fritsch, Senior Director of Product Development at The Boston Beer Company, participated in a satellite media tour to discuss the inspiration of the ‘Bevy Long Drink’ and much more. A video accompanying this announcement is available at: https://youtu.be/IZOxmeqyGkk The Long Drink was first created when the Finnish government commissioned a refreshing cocktail to serve guests attending the 1952 Summer Olympics in Helsinki. While inspired by the traditional cocktail, Bevy Long Drink will be the first Long Drink inspired beverage available in the U.S. without spirits. Bevy Long Drink is made with an original malt base containing natural flavors and wild juniper berries and is currently available in two styles, Hard Citrus Refresher and Hard Berry Refresher. Bevy's new hard citrus refresher is made from a delicious and easy-drinking blend of citrus flavors and wild juniper berries for an exceptionally thirst-quenching beverage that's perfect for any occasion. Bevy Long Drink is slightly sweet, tart, refreshing, and packed with flavor, all at 5.8% ABV. Boston Beer, maker of other industry leading alcohol beverages Samuel Adams beer, Twisted Tea, Truly Hard Seltzer, Angry Orchard, and Dogfish Head beer plans to continue its proven track record of innovation to bring Finland's best kept secret to US drinkers. For more information and to find Bevy Long Drink near you, visit bevylongdrink.com About Annette Fritsch: Annette is director of new product development for Boston Beer Company. She loves beer, and yet she was inspired by the great opportunities she envisioned in the rapidly expanding “Beyond Beer” category. She oversaw the development of Truly which attracted an immediate following and was the biggest industry innovation since the introduction of light beers in the 1970s. Always up for a new challenge and anticipating the next big thing, Annette’s most recent project is the development of the first malt-based long drink – or “lonkero” called Bevy, a refreshing and flavorful innovation inspired by the national beverage of Finland. About The Boston Beer Company: The Boston Beer Company, Inc began in 1984 brewing Samuel Adams beer and the Samuel Adams brand is currently recognized as one of the largest and most respected craft beer brands. Our portfolio of brands also includes Truly Hard Seltzer, Twisted Tea, Angry Orchard Hard Cider and Dogfish Head Brewery as well as other craft beer brands such as Angel City Brewery and Coney Island Brewing. For more information, please visit our investor relations website at www.bostonbeer.com, which includes links to all of our respective brand websites. About YourUpdateTV: YourUpdateTV is a social media video portal for organizations to share their content. It includes separate channels for Health and Wellness, Lifestyle, Media and Entertainment, Money and Finance, Social Responsibility, Sports and Technology. Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

December 14, 2021 05:00 PM Eastern Standard Time

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The Perfect Last-Minute Gift from Style Icon Carolyne Roehm

Greenleaf Book Group

Style icon and lifestyle maven Carolyne Roehm has been part of American design culture for more than four decades, with a career spanning the fashion, gardening, entertaining, publishing, and decorative arts worlds. Her new book collection, Passions (Greenleaf Book Group, Dec 7, 2021), demonstrates Roehm’s ability to find beauty in all phases of life. Passions consists of three volumes of elegant and inspiring images representing aspects of Roehm’s life that define her remarkable career: Flowers and Gardens, Feminine Touch, and Furry Friends. Roehm’s enchanting watercolors and stunning photographs are interspersed with charming quotes and thoughts to add context and small delights to readers’ lives. “I hope this little trio of books about the joy I’ve found in flowers and gardening, allure in feminine style, and love of furry friends delights and inspires you as it has me,” Roehm said. Meant to enliven and endear, these pages are filled with beautiful images that will encourage the stylish friends and family on your holiday list to embrace their own passions in life. “Carolyne is an artist and lives an artist’s life,” said a recent feature from New York Social Diary. “She’s famous to many for being a fashion designer. Her work is beauty. She’s a doer and gets out there and does it herself. But always with the eye for beauty. Beauty to please, to pleasure, and to assure. This book is about that for me, and that is what this artist does.” Pick up your copy of Passions today and stay updated on Carolyne Roehm’s endeavors by visiting carolyneroehm.com. About the Author Carolyne Roehm is one of America’s most renowned and beloved fashion, interior, and garden designers. Finding a mentor in Oscar de la Renta, Carolyne worked alongside the couture great for 10 years before launching her own fashion house in 1985. A discerning eye and passion for beauty led her into the world of flowers, where her books are often referred to as the best in their field. Subsequent entertaining and interiors titles cemented her position as one of America’s lifestyle experts. She is a former President of the Council of Fashion Designers of America, with appearances in both the Who’s Who of Women in America and the International Best Dressed List Hall of Fame. She was honored by Manolo Blahnik with a shoe in her name and in a fitting tribute legendary designer Bill Blass labeled Carolyne “The ultimate tastemaker.” Regardless of the medium, Carolyne’s unerring eye and innate sense of style has turned out timeless products including clothes, jewelry, shoes, swimwear, fragrance, candles, table linens, home accessories, and luggage. Now the author of twelve books, Roehm’s mission is to teach others how to capture and create beauty in their lives, in both the everyday and out of the ordinary. More about Greenleaf Book Group Greenleaf Book Group is an independent publisher and distributor located in Austin, Texas, dedicated to empowering authors. Greenleaf’s hybrid publishing model is uniquely positioned to offer the benefits of both traditional publishing and self-publishing. To learn more about Greenleaf, visit www.greenleafbookgroup.com. Contact Details Greenleaf Book Group Sam Ofman +1 512-891-6100 media@greenleafbookgroup.com

December 14, 2021 11:10 AM Eastern Standard Time

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The Roberto Clemente Museum Tour Experience Sponsored By AARP

Atlantino LLC

Atlantino LLC, producers of the broadcast special “The Roberto Clemente Museum Tour Experience,” announced today that it will air this one-hour special on December 18th and 19th, 2021 via Regional Sports Networks in English and select Hispanic Networks in Spanish. AARP will be the broadcast’s presenting sponsor. The Roberto Clemente Museum Tour Experience will air in multiple markets in the United States and Puerto Rico, at varying dates and times on December 18th and 19th, 2021. The broadcast event will take the audience on a tour through the newly re-opened Roberto Clemente Museum at the Museo del Deporte in Guaynabo, Puerto Rico. It will also feature interviews with: Manny Ramirez, Richie Ray, Lou Melendez, Ray Negron, Omar Minaya, Bart Hernandez, Luis Sojo, Leonor Colon, and more! The special broadcast event will air during Prime Time on the following channels and platforms December 18th and 19th in the US: YES Network, NBC Sports, Vme TV, AT&T SportsNet, MASN, BronxNet, Bally Sports, Spectrum TV Noticias en Español, and Mega TV. NESN will also air it on December 26th, 2021. Local air dates and times can be found at http://atlantinoevents.com/. “With the 50th anniversary of the passing of Roberto Clemente approaching on December 31st, 2022, this broadcast marks the beginning of a year-long campaign to promote the legacy of Roberto Clemente by encouraging Clemente fans to visit this historic museum exhibit and see first-hand the Clemente memorabilia, art, personal documents, and photos,” according to Broadcast Executive Producer, Ralph Paniagua of Atlantino LLC. "We are proud to continue to highlight the enduring legacy of Roberto Clemente, one of the greatest sports icons of our time,”, said Yvette Peña, AARP's vice president of Hispanic/Latino Audience Strategy, in the Office of Diversity, Equity and Inclusion. "Through service, integrity and grace, Clemente continues to be an example for our communities and AARP is committed to keeping that Latino legacy alive," she added. This broadcast event is co-sponsored by Goya Foods and Guaynabo City. Strategic partners, producers, and media allies for this event include FizzyLabs, 3 Eyes LLC, HypeSmack, LatinoBaseball.Com, Museo del Deporte de Puerto Rico, 21 In Rights, Inc, The Roberto Clemente Foundation, and Soundwave Riders. About AARP AARP is the nation’s largest nonprofit, non-partisan organization dedicated to empowering Americans 50 and older to choose how they live as they age. With nearly 38 million members and offices in every state, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands, AARP works to strengthen communities and advocate for what matters most to families with a focus on health security, financial stability, and personal fulfillment. AARP also works for individuals in the marketplace by sparking new solutions and allowing carefully chosen, high-quality products and services to carry the AARP name. As a trusted source for news and information, AARP produces the nation’s largest circulation publications, AARP The Magazine and AARP Bulletin. To learn more, visit www.aarp.org or follow @AARP and @AARPadvocates on social media. About Atlantino LLC Over the past 36 years, Ralph and Joseph Paniagua have built Atlantino into a powerhouse sponsorship and activations platform for Latino sports, entertainment, experiential, and digital. Through Atlantino and the company’s Latino Baseball and Latino Boxing media properties, Ralph has spearheaded Fortune100 brand activations with more than 18 Major League Baseball teams, the Roberto Clemente Foundation, and more recently Golden Boy. Contact Details Heather Lopez +1 305-647-9275 atlantinollc@gmail.com Company Website https://atlantinoevents.com/

December 14, 2021 09:30 AM Eastern Standard Time

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Omdia tech analysts to judge Innovation Awards at ShowStoppers @ CES 2022

ShowStoppers

Omdia, the global research leader, today announced that its analysts will return to host and judge the Innovation Awards at ShowStoppers® at CES, the press event during the CES tradeshow in Las Vegas. The judges will evaluate new consumer electronics, smart home and robotics, mobility, fitness and health, and productivity products introduced during ShowStoppers, to be held January 5, 2022, 6-10 p.m. at the Wynn Hotel & Casino. “The ShowStoppers event marks an important occasion for Omdia analysts as the first time they will evaluate new technology hitting the market for several years,” said Paul Gagnon, Senior Director of Research for Consumer Electronics and ProAV at Omdia. “We look forward now to seeing how tech has evolved to meet the challenges of Covid – which has been a significant catalyst for change -- and the new products for work, home and play that industry leaders and startups will introduce at ShowStoppers for delivery to consumers and business users.” About the awards The Omdia Technology Innovation Awards distinguishes ingenuity and innovation exhibited by companies and products at ShowStoppers @ CES. This year’s awards will recognize the most innovative products in these categories: Home Entertainment (includes AR, VR & gaming) Smart Home & Robotics (includes drones and smart appliances) Mobility (includes mobile accessories and mobile computing) Fitness, health and wellbeing (includes air quality sensors/sanitizers) Productivity (includes work from home) The judges are renowned Omdia analysts, including: Paul Gagnon, Senior Research Director | Consumer Electronics & ProAV Paul Gray, Senior Research Manager | Home Devices Ken Park, Senior Research Manager | TV & ProAV Nina Rao, Research Analyst | Consumer Electronics Gerrit Schneemann, Principal Analyst | Smart Phone “We are delighted to welcome back the world-class experts at Omdia to weigh in on a new generation of products and services emerging from the pandemic to change how we use tech in daily life and business,” said Dave Leon, partner, ShowStoppers. Award application process Companies exhibiting at ShowStoppers can apply for an award and obtain more detailed information by visiting http://awards.showstoppers.com/ Companies may submit up to three candidate products, technologies or services for the Omdia Technology Innovation Awards. Omdia and ShowStoppers have agreed to an embargo on any announcements that should not be made public prior to the awards. About Omdia Omdia is a leading research and advisory group focused on the technology industry. With clients operating in over 120 countries, Omdia provides market-critical data, analysis, advice and custom consulting. Omdia was formed in 2020 following the merger of IHS Markit, Tractica, Ovum and Heavy Reading. Sitting at the heart of the Informa Tech portfolio, Omdia reaches over four million technology decision makers, influencers and practitioners that form part of the wider Informa Tech community and has specialist research practices focusing on Enterprise IT, AI, Internet of Things, Communications Service Providers, Cybersecurity, Components & Devices, Media & Entertainment and Government & Manufacturing. For more information about Omdia, please visit https://omdia.tech.informa.com/ Stay connected with Omdia on Facebook, LinkedIn, Twitter and YouTube. About ShowStoppers Now in its 26th year, ShowStoppers, https://www.showstoppers.com/, is the global leader in producing press and business events spanning the U.S., Europe and Asia. Each event organizes product launches, sneak previews and demonstrations for selected journalists, bloggers, industry and financial analysts, venture capitalists and business executives. Industry leaders, innovators and startups exhibit to generate news coverage and product reviews, make new connections, promote brand and open new markets. ShowStoppers produces official press events at CE Week, IFA and NAB; partners with CTA, IFA, GSMA and CEATEC; and produces events during CES, IFA, MWC, NAB, CE Week, CEATEC and other tradeshows. ShowStoppers TV streams online, broadcasting live press events and conferences, month after month. To learn more about how you and your company can meet the press at ShowStoppers press events in person and online at ShowStoppers TV, contact Lauren Merel, mailto:lauren@showstoppers.com, +1 908-692-6068, or Dave Leon, mailto:dave@showstoppers.com, +1 845-821-6123. For press registration, please contact Steve Leon, mailto:sl@showstoppers.com, +1 310-936-8530. Contact Details Andy Reese Director, Marketing at Informa Tech | Omdia +1 408-220-9601 andy.reese@omdia.com Steve Leon Principal, ShowStoppers +1 310-936-8530 sl@showstoppers.com Company Website https://showstoppers.com

December 13, 2021 09:30 AM Eastern Standard Time

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ThriveFantasy Partners with Fanatics to Continue NFL and College Football Growth Strategy

ThriveFantasy

ThriveFantasy, the leading player prop daily fantasy sports and esports platform, announced today it has signed a partnership deal with Fanatics, the fast growing American online retailer of licensed sportswear, sports equipment and merchandise. Through this partnership, Fanatics will provide ThriveFantasy with several co-branded marketing benefits aimed at cross promoting its unique offerings to the growing and active Fanatics fan and user base. Among these services will include advertising on Fanatics social media platforms and co-branded email marketing to its fan base. “Fanatics has become a one-of-a-kind brand in this space. Because of this, it made complete sense to create this type of partnership,” says Adam Weinstein, founder and CEO of ThriveFantasy. “We believe that there is a large cross over between the Fanatics fan base and those who play daily fantasy and esports and we can’t wait to engage, so that ThriveFantasy can become a go to destination for them.” About ThriveFantasy ThriveFantasy is a Daily Fantasy Sports and Esports App for Player Props. Thrive eliminates the countless hours of research users have to spend, by only focusing on the top-tier athletes that have the biggest impact on the game. Follow ThriveFantasy on Instagram (@ThriveFantasy), Twitter (@ThriveFantasy) and Facebook (ThriveFantasy). Download the app today via the App Store and Google Play. App Store https://apps.apple.com/us/app/thrivefantasy/id1240062484 Google Play https://play.google.com/store/apps/details?id=com.appster.p2f&hl=en_US Contact Details Michael Adorno +1 917-399-3743 mvadorno@gmail.com Company Website https://www.thrivefantasy.com/

December 13, 2021 09:01 AM Eastern Standard Time

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Centre for Neuro Skills Introduces Telerehabilitation: Instant Access to Therapies, Staff and CNS Physicians

Centre for Neuro Skills

Centre for Neuro Skills (CNS), a premier provider of treatment for traumatic and acquired brain injury, has introduced telerehabilitation services to offer patients greater flexibility in their therapy program. CNS’ telerehabilitation services offer enhancements beyond its previously offered telehealth program. Since the beginning of 2020, CNS has delivered more than 125,000 hours of telehealth care to patients. Using the RingCentral Video® platform, powered by Zoom, patients receive full rehabilitation at home, virtually access therapies, clinicians and their treatment team from their CNS clinic. “CNS cares about rehabilitation success both in-clinic and at home, and telerehabilitation therapies focus on building life skills that lead to independence,” said Chris Persel, Regional Director of Clinical Services and Director of Behavior Programming at Centre for Neuro Skills. “Now, in their own environment, patients can work with their therapy team using the telerehabilitation toolkit as a desktop box of essentials to help build memory, cognition, reasoning, dexterity, education and other personal management details.” Therapy in real-time: All treatment modules are provided and vital living skills are taught; in-clinic therapies are replicated in the patient’s home setting and staff can suggest adaptive aids by viewing the home environment; return-to-work scenarios that can be modeled and practiced at home; therapists teach safety skills that patients can practice in real time. Telerehabilitation kit: CNS sends a boxed kit of learning aids to telerehabilitation and some hybrid patients. Included is a user’s guide for navigating RingCentral Video, learning tools, notebooks, a calculator, pens, a water bottle and a desktop whiteboard. Hybrid rehabilitation: Patients can opt for both in-clinic and virtual treatment. Telemedicine: Patients, therapists and families can consult online with physicians. In a recent national survey by the Brain Injury Association of America, telehealth was found to be a highly effective therapy platform. According to the survey of more than 400 providers, 94% of therapists reported that their patients’ recovery progressed using telehealth. About Centre for Neuro Skills Centre for Neuro Skills is an experienced and respected world leader in providing intensive rehabilitation and medical programs for those recovering from all types of brain injury. CNS covers a full spectrum of advanced care from residential and assisted living to outpatient/day treatment. Founded by Dr. Mark Ashley in 1980, CNS has seven locations in California and Texas. For more information about Centre for Neuro Skills, visit: www.neuroskills.com, Facebook, Twitter, LinkedIn, YouTube. Media, please note: Visual assets, including photos, are available. To request an interview with CNS leadership, clinical staff or patients, please contact Robin Carr at (415) 971-3991 or CNS@landispr.com. Contact Details Landis Communications Inc. Robin Carr +1 415-971-3991 cns@landispr.com Company Website https://www.neuroskills.com/

December 10, 2021 06:17 AM Eastern Standard Time

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Plans Unveiled for $750 Million Redevelopment of Iconic Metrocenter Mall Property in Phoenix

Concord Wilshire Companies

One of Phoenix’s most iconic properties is about to become the largest mall redevelopment project in Arizona history, transforming into a vibrant new addition to the city’s core. Concord Wilshire Capital (“CWC”) and TLG Investment Partners (“TLGIP”) (collectively, the “Developer”) announced today that they have contracted to acquire the iconic Metrocenter Mall located in Phoenix, Arizona, and plan to invest approximately $750 million to redevelop the Metrocenter Mall property into a residential and mixed-use community. The Developer has formed a strategic alliance with Hines, the international real estate firm, to redevelop and repurpose the Metrocenter Mall into a community-driven walkable village that will be home to a variety of residential apartments, curated boutiques, popular retail stores, restaurants, bars, a town-center park, and other commercial and entertainment venues (the “Village”). The Village will be situated on approximately 68 acres of prime land in a qualified Opportunity Zone. The plans for the Village include over 2,600 multifamily units, 100,000 square feet of essential and service retail. Total construction costs are expected to be over $750 million. The Village will be designed as a self-contained community encompassing the city’s new Light Rail Station that is currently under construction within the Village. The City of Phoenix is investing approximately $150 million to build this Light Rail Station. The Light Rail Station is scheduled to be delivered in 2024 as part of the Northwest Extension. The Light Rail Station will serve as one of the major focal points of the Village and will provide direct connectivity to Downtown Phoenix, the Phoenix Sky Harbor International Airport, ASU, and communities to the east. “This is an enormous economic boost to the entire west side of Phoenix,” said Mayor Kate Gallego. “The connectivity provided by the light rail extension means easy access to shopping, entertainment, housing, and – perhaps most importantly – to jobs. In addition to the many construction jobs created by this redevelopment, there will be opportunities available to work in the businesses that will take root and grow in the Village. I am excited, optimistic, and thrilled that Concord Wilshire is investing in the future of Phoenix.” Residents and visitors of the Village will be able to enjoy an array of anticipated amenities, including pet-friendly parks and greenspace, an amphitheater, pedestrian and bicycle pathways, a walkable retail promenade, shops, restaurants and immersive water features. The Village will also be designed to integrate with and complement certain existing amenities and venues within the Metrocenter Mall through its partially shaded internal pathways and roads. The existing amenities and shops include a 150,000 square foot Walmart Supercenter, a public library, the Arizona Canal with its own pedestrian and bicycle pathways, the Rose Mofford Park (which provides free afternoon activities for children and teenagers), a theme-park, and a cinema. The Village will also provide approximately 4,100 parking spaces programmed in up to 7 garage decks conveniently located for use by the community, residents of the Village, visitors, and for the Light Rail Station Park-and-Ride users. “We are excited to be a part of the redevelopment of the former Metrocenter Mall into a vibrant mixed-use community with a sense of place that will enhance the public investments,” said Chris Anderson, Senior Managing Director of Hines. “Good things come to those who wait, and now, the spotlight will shine on our beloved Metrocenter once again, thanks to Phoenix's new partner in economic development, Concord Wilshire Capital. I am excited to collaborate and transform Metrocenter into a vital hub of social gatherings, cultural diversity and economic growth," said Councilwoman Ann O'Brien of Phoenix District 1, where Metrocenter is located. "I am grateful for all the hard work that went into making this exciting partnership happen." The Developer has also reached preliminary terms with the City of Phoenix, subject to City Council approval, for a public private partnership for public improvements, by and through a to-be-formed Community Facilities District (CFD), for the Village. The public improvements are planned to be funded through CFD assessment bonds and will be primarily for the construction of public parking garages. “We are proud to be working with the City of Phoenix again. The proposed redevelopment of the Metrocenter Mall property will be another substantial project to further the city’s redevelopment and revitalization plan for the North Mountain Redevelopment Area” said Nate Sirang, President of Concord Wilshire Capital. “This redevelopment of such a memorable mall and destination for area residents reflects our continued commitment to the Phoenix market. We are excited to create a first-class destination for local families, while contributing meaningfully to the community and its economy and safety.” On June 28, 2021, CWC signed a contract with Carlyle Development Group of New York, the Mall owner, to acquire the Metrocenter Mall, and the inspection period has been successfully completed. The transaction is scheduled to close in the second half of 2022. The Company has reached an agreement with Carlyle to demolish the mall ahead of closing. In 2016, Carlyle led the rezoning of the Metrocenter Mall and the surrounding parcels and obtained the City Council Approval for a Planned Unit Development (“PUD”) designation, as well as lobbying for the relocation of the Light Rail Station into the Metrocenter Mall, paving the way for a successful future mixed-use development. “We worked very hard to obtain approval for a flexible PUD that allows a high density residential and mix-use development in the metro Phoenix market. We are excited and proud that the Developer and the City of Phoenix are incorporating our vision into the redevelopment of this iconic location,” said Abdi Mahamedi, President of Carlyle Development Group. About Concord Wilshire Concord Wilshire is a nationally recognized leader in residential, resort, and mixed-use real estate development and construction with over $10 billion in total value of developed and acquired assets. Since 1992, Concord Wilshire has developed, constructed, and invested in distinguished real estate assets in major markets throughout the United States. An award winning company, Concord Wilshire has received an array of accolades for many of its developments throughout the nation in recognition of its commitment to development, marketing, architectural design, and interior design. Concord Wilshire has a successful and extensive track record that spans multiple investment cycles. ( www.concordwilshire.com ) About TLG Investment Partners TLG Investment Partners is a Fort Lauderdale based real estate investment firm headed by Leland Pillsbury and Christopher Nieberding. The company invests in multiple classes of real estate including recreation, residential and commercial properties. About Hines Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 255 cities in 27 countries. Hines oversees investment assets under management totaling approximately $83.6 billion1. In addition, Hines provides third-party property-level services to more than 367 properties totaling 138.3 million square feet. Historically, Hines developed, redeveloped or acquired approximately 1,486 properties, totaling over 492 million square feet. The firm currently has more than 171 developments underway around the world. With extensive experience in investments across the risk spectrum and all property types, and a foundational commitment to ESG, Hines is one of the largest and most-respected real estate organizations in the world. Visit www.hines.com for more information. 1Includes both the global Hines organization as well as RIA AUM as of June 30, 2021. Contact Details Tom Evans +1 602-448-5483 tevans@onadvertising.com

December 09, 2021 04:00 PM Eastern Standard Time

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