News Hub | News Direct

Real Estate

Commercial Home Building Property Management REIT Real Estate Residential
Article thumbnail News Release

Copper Property CTL Pass Through Trust Files Quarterly Report for the Period Ended September 30, 2023

Copper Property CTL Pass Through Trust

Copper Property CTL Pass Through Trust (“the Trust”) has filed its Quarterly Report on Form 10-Q for the quarter ended September 30, 2023. As previously announced, the Trust will host a live conference call to discuss its recently filed financial and operating results. Conference Call Details: DATE: Tuesday, November 7, 2023 TIME: 11:00 am CDT | 12:00 pm EDT DIAL-IN: U.S. & Canada Toll Free: (877) 841-2983 or International (215) 268-9893 WEBCAST: www.ctltrust.net via the Investor Relations Section or click here to access REPLAY (Available for 30 days): U.S. & Canada Toll Free: (877) 660-6853 / International: (201) 612-7415 Conference ID#: 13742364 Telephone Replays will be made available approximately 3 hours after conference end time. Participants will be required to state their name and company upon accessing the replay. Additional information, including the Trust’s Monthly and Quarterly Reports, as well as other filings with the Securities and Exchange Commission (“SEC”) can be accessed via the Trust’s website at www.ctltrust.net. About Copper Property CTL Pass Through Trust Copper Property CTL Pass Through Trust (the “Trust”) was established to acquire 160 retail properties and 6 warehouse distribution centers (the “Properties”) from J.C. Penney as part of its Chapter 11 plan of reorganization. The Trust’s operations consist solely of owning, leasing and selling the Properties. The Trust’s objective is to sell the Properties to third-party purchasers as promptly as practicable. The Trustee of the trust is GLAS Trust Company LLC. The Trust is externally managed by an affiliate of Hilco Real Estate LLC. The Trust is intended to be treated, for tax purposes, as a liquidating trust within the meaning of United States Treasury Regulation Section 301.7701-4(d). For more information, please visit https://www.ctltrust.net/. Forward Looking Statement This news release contains certain “forward-looking statements”. All statements other than statements of historical fact are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward looking terminology such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “our vision,” “plan,” “potential,” “preliminary,” “predict,” “should,” “will,” or “would” or the negative thereof or other variations thereof or comparable terminology and include, but are not limited to, the Trust’s expectations or beliefs concerning future events and stock price performance. The Trust has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While the Trust believes these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond its control. These factors, including those discussed in the Trust’s Registration Statement on Form 10 filed with the Securities and Exchange Commission (the “SEC”), may cause its actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements. For a further list and description of such risks and uncertainties, please refer to the Trust’s filings with the SEC that are available at www.sec.gov. The Trust cautions you that the list of important factors included in the Trust’s SEC filings may not contain all of the material factors that are important to you. In addition, in light of these risks and uncertainties, the matters referred to in the forward-looking statements contained in this news release may not in fact occur. The Trust undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law. Contact Details Jessica Cummins - Investor Relations +1 847-313-4755 jcummins@hilcoglobal.com Company Website https://ctltrust.net/about/default.aspx

November 06, 2023 04:15 PM Eastern Standard Time

Article thumbnail News Release

Copper Property CTL Pass Through Trust Issues Monthly Reporting Package for October 2023

Copper Property CTL Pass Through Trust

Copper Property CTL Pass Through Trust (“the Trust”) has filed a Form 8-K containing its monthly report for the period ended October 31, 2023. An aggregate total distribution of $7.9 million or $0.105682 per trust certificate will be paid on November 10, 2023, to certificateholders of record as of November 9, 2023. Additional information, including the Trust’s Monthly and Quarterly Reports, as well as other filings with the Securities and Exchange Commission (“SEC”) can be accessed via the Trust’s website at www.ctltrust.net. About Copper Property CTL Pass Through Trust Copper Property CTL Pass Through Trust (the “Trust”) was established to acquire 160 retail properties and 6 warehouse distribution centers (the “Properties”) from J.C. Penney as part of its Chapter 11 plan of reorganization. The Trust’s operations consist solely of owning, leasing and selling the Properties. The Trust’s objective is to sell the Properties to third-party purchasers as promptly as practicable. The Trustee of the trust is GLAS Trust Company LLC. The Trust is externally managed by an affiliate of Hilco Real Estate LLC. The Trust is intended to be treated, for tax purposes, as a liquidating trust within the meaning of United States Treasury Regulation Section 301.7701-4(d). For more information, please visit https://www.ctltrust.net/. Forward Looking Statement This news release contains certain “forward-looking statements”. All statements other than statements of historical fact are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward looking terminology such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “our vision,” “plan,” “potential,” “preliminary,” “predict,” “should,” “will,” or “would” or the negative thereof or other variations thereof or comparable terminology and include, but are not limited to, the Trust’s expectations or beliefs concerning future events and stock price performance. The Trust has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While the Trust believes these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond its control. These factors, including those discussed in the Trust’s Registration Statement on Form 10 filed with the Securities and Exchange Commission (the “SEC”), may cause its actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements. For a further list and description of such risks and uncertainties, please refer to the Trust’s filings with the SEC that are available at www.sec.gov. The Trust cautions you that the list of important factors included in the Trust’s SEC filings may not contain all of the material factors that are important to you. In addition, in light of these risks and uncertainties, the matters referred to in the forward-looking statements contained in this news release may not in fact occur. The Trust undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law. Contact Details Jessica Cummins - Investor Relations +1 847-313-4755 jcummins@hilcoglobal.com Company Website https://ctltrust.net/about/default.aspx

November 06, 2023 04:15 PM Eastern Standard Time

Article thumbnail News Release

Lesser-Known Tips to Protect Your Home During National Fire Prevention Month

Gutterglove

October is National Fire Prevention Month, and there’s no better time to heighten awareness of home fires and how to help prevent them. Did you know that home fires are the most common disaster in this country? In fact, they are so dangerous that they claim more lives in a typical year than all natural disasters combined. Although you may be familiar with common tips, like testing smoke alarms and cooking safety, to honor the spirit of the month, here are some lesser-known fire prevention tips that are just as important. Hidden Home Fire Hazards Five common causes may account for most home fires, but that still leaves a large portion of home fires to be accounted for, including those from what we consider more hidden fire hazards like these: Recalled products – Periodically checking the U.S. Consumer Product Safety Commission website can help you stay up-to-date on commonly recalled products like appliances, lamps, and computer batteries. Loose outlets – Pay attention when you plug in items because the interior parts of electrical outlets can loosen over time. If the plug doesn’t fit snugly, consider replacing the outlet. Excess Sawdust – When remodeling your home, sawdust, which is highly combustible when left on surfaces, can quickly build up. So ensure you regularly vacuum work surfaces and dispose of the sawdust properly. Household products – Take care when using products like non-dairy coffee creamer, nail polish remover, 9-volt batteries, and cleaning solutions, as they can be highly flammable. Dishwashers – It’s unsurprising that appliances like stoves and dryers can be fire hazards, but your dishwasher? Nearly 500 fires yearly are caused by faulty dishwashers when leaking water enters the heating element or electrical components. Bird nests – You’ll likely find these around the exterior of your house, but make sure they aren’t perched on your outdoor lighting or gutters where they could be potential fire hazards. Gutters – Debris, like pine needles and leaves, can accumulate in your gutters and become highly flammable once they dry out. You must regularly clean your gutters or install gutter guards to prevent this. Gutterglove Protects Homes One Gutter At A Time Gutter guards block debris by creating a barrier between the roof and the gutter system that stops it from entering while allowing water to flow. This prevents you from taking on the burden of regularly cleaning gutters while offering peace of mind that they remain free of flammable debris. All gutter guards require occasional maintenance to clear surface debris which can accumulate over time. This maintenance can be safely and easily carried out using Gutterglove’s specialized 360 Gutter Guard Brush. We’ve been manufacturing gutter guards since 2003. Gutterglove products and accessories are designed to protect any home, regardless of roof type or gutter size, with both do-it-yourself and professionally installed product options of the highest quality available. Specifically, our stainless-steel micro mesh gutter guards work in two ways for fire prevention: The mesh tightness blocks flammable debris from accumulating inside the gutter, which can create kindling for fire embers. The gutter guard material is fire-tested and is Wildland-Urban Interface (WUI) compliant. Gutterglove® is an innovation company focused on products, programs, and technology for the home improvement space. They manufacture gutter guards and accessories designed to protect any home, regardless of roof type or gutter size, with both do-it-yourself and professionally installed product options. Their innovation extends beyond products into new programs and technology that deliver seamless support to customers and contractors nationwide. Starting in 1996 as a gutter cleaning business, the team at Gutterglove noticed gutter guards needed to perform as promised. Gutterglove explored new designs, the best materials, and customers' needs to create an extensive patented portfolio of the highest quality gutter guards available. Gutterglove is proud to offer the Nation's Most Trusted Gutter Guards®. For more information, please visit our website www.gutterglove.com. Contact Details Madison Baber +1 210-213-2426 madison@rprfirm.com Company Website https://www.gutterglove.com/

November 02, 2023 05:17 PM Eastern Daylight Time

Image
Article thumbnail News Release

Copper Property CTL Pass Through Trust Schedules Live Call to Discuss Recent Financial and Operating Results

Copper Property CTL Pass Through Trust

Copper Property CTL Pass Through Trust (“the Trust”) announced today that it will host a live conference call on Tuesday, November 7, 2023 at 12:00 pm Eastern Time. Members of the Trust’s management team will discuss its recent financial and operating results as reflected in the Trust’s monthly report for the period ended October 31, 2023, and Form 10-Q for the period ended September 30, 2023, both of which are expected to be filed prior to the call. The conference call will include a question and answer (Q&A) session. Conference Call Details: DATE: Tuesday, November 7, 2023 TIME: 11:00 am CDT | 12:00 pm EDT DIAL-IN: U.S. & Canada Toll Free: (877) 841-2983 or International (215) 268-9893 WEBCAST: www.ctltrust.net via the Investor Relations Section or click here to access REPLAY (Available for 30 days): U.S. & Canada Toll Free: (877) 660-6853 / International: (201) 612-7415 Conference ID#: 13742364 Telephone Replays will be made available approximately 3 hours after conference end time. Participants will be required to state their name and company upon accessing the replay. Additional information, including the Trust’s Monthly and Quarterly Reports, as well as other filings with the Securities and Exchange Commission (“SEC”) can be accessed via the Trust’s website at www.ctltrust.net. About Copper Property CTL Pass Through Trust Copper Property CTL Pass Through Trust (the “Trust”) was established to acquire 160 retail properties and 6 warehouse distribution centers (the “Properties”) from J.C. Penney as part of its Chapter 11 plan of reorganization. The Trust’s operations consist solely of owning, leasing and selling the Properties. The Trust’s objective is to sell the Properties to third-party purchasers as promptly as practicable. The Trustee of the trust is GLAS Trust Company LLC. The Trust is externally managed by an affiliate of Hilco Real Estate LLC. The Trust is intended to be treated, for tax purposes, as a liquidating trust within the meaning of United States Treasury Regulation Section 301.7701-4(d). For more information, please visit https://www.ctltrust.net/. Forward Looking Statement This news release contains certain “forward-looking statements”. All statements other than statements of historical fact are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward looking terminology such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “our vision,” “plan,” “potential,” “preliminary,” “predict,” “should,” “will,” or “would” or the negative thereof or other variations thereof or comparable terminology and include, but are not limited to, the Trust’s expectations or beliefs concerning future events and stock price performance. The Trust has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While the Trust believes these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond its control. These factors, including those discussed in the Trust’s Registration Statement on Form 10 filed with the Securities and Exchange Commission (the “SEC”), may cause its actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements. For a further list and description of such risks and uncertainties, please refer to the Trust’s filings with the SEC that are available at www.sec.gov. The Trust cautions you that the list of important factors included in the Trust’s SEC filings may not contain all of the material factors that are important to you. In addition, in light of these risks and uncertainties, the matters referred to in the forward-looking statements contained in this news release may not in fact occur. The Trust undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law. Contact Details Jessica Cummins - Investor Relations +1 847-313-4755 Jcummins@hilcoglobal.com Company Website https://ctltrust.net/about/default.aspx

November 01, 2023 12:16 PM Eastern Daylight Time

Article thumbnail News Release

LevLane Advertising Announces New Philadelphia Headquarters

LevLane

LevLane Advertising, one of Philadelphia’s oldest independent full-service advertising agencies, is pleased to announce the relocation of its Philadelphia headquarters to a new state-of-the-art space at One Logan Square. The move, which comes on the heels of the agency's announcement appointing Josh Lev as president, marks a new chapter in the company's growth and its commitment to providing innovative solutions and thinking for clients. LevLane had called the historic Wanamaker Building home since 2004 and had been operating out of a 13,914-square-foot area within the building until its last official day of lease on June 30, 2023. The relocation of the headquarters and the initiative to bring employees back into the office on a flexible schedule represents a significant milestone for the agency and ties to a broader approach of fostering collaboration, adaptability and mentorship. "My hope is that our return-to-office strategy, in combination with this move to a collaborative workspace, will position both the agency and our employees for sustained growth and future success," said Josh Lev, president of LevLane. "My goal is to encourage mentorship between our seasoned employees and our incredible young talent while embracing an innovative approach to our work environment." The new office space, located in One Logan Squareat 130 N. 18th Street, Ste. 310, Philadelphia, PA, is situated at an iconic location in the heart of Philadelphia, just off the Benjamin Franklin Parkway. It offers 7,373 square feet of contemporary design and will provide employees with an inspiring environment for creativity and collaboration. The building, managed by Brandywine Realty Trust, is in a prime location just a short distance from the beautiful new Comcast Center and many other city landmarks. “As part of our strategy for the future, we’re committed to fostering a hybrid work environment, and this new space will allow our employees to balance remote work and in-person collaborative efforts,” said Liz Weir, chief marketing officer. “The new headquarters was designed to accommodate a flexible work model, with spaces that will enable communication and collaboration, whether employees are in the office or working remotely.” "There is nothing like being in the heart of Philadelphia,” said Bruce Lev, chief creative officer and co-founder. “We’ve had a presence in the city for decades, and I believe that has been a contributing factor to our success and longevity. We believe in the incredible talent pool here, the rich cultural scene and the thriving business community, which have all contributed to our growth over the years. We are proud to continue our journey here, serving our clients and contributing to the strength of Philadelphia's business community." About LevLane LevLane Advertising is a full-service independent advertising agency headquartered in Philadelphia and has been building brands people love for nearly 40 years. The award-winning agency integrates traditional creative expertise with cutting-edge digital capabilities in its menu of services, including search engine optimization (SEO), search engine marketing (SEM), programmatic media, strategy, creative and branding, media and analytics, social media, content marketing, and public relations. For more information about LevLane and its capabilities, connect with us on LinkedIn, Instagram and Facebook. Contact Details LevLane Lauren Stralo +1 484-747-0172 lstralo@levlane.com Company Website https://www.levlane.com

October 31, 2023 11:15 AM Eastern Daylight Time

Article thumbnail News Release

VTS Chief Technology Officer Recognized as National Honoree for Connect CRE’s Women in Real Estate Awards

VTS

VTS, the industry's only technology platform that unifies owners, operators, brokers, and their customers across the real estate ecosystem, today announced its Chief Technology Officer, Swaroopa Penikelapati, has been recognized as a national honoree for Connect CRE’s Women in Real Estate Awards. In its seventh consecutive year, the list spotlights women across 11 regions and nationally whose talent, leadership and vision have been influential in commercial real estate. “It is an honor to be named as one of Connect CRE’s Women in Real Estate this year and to be recognized alongside a group of passionate and talented women that drive our industry forward,” said Swaroopa Penikelapati, Chief Technology Officer at VTS. “Although real estate has always been a male-dominated industry, we at VTS have made great strides in female representation at the C-Suite level, and I look forward to creating even more opportunities for women both within VTS and the industry at large.” Penikelapati was recognized for her significant contributions to VTS’ recent growth, such as her key contributions to the development of VTS Activate, the company’s newly launched tenant experience solution built off the previous acquisitions of tenant experience companies Rise Buildings and Lane Technologies. With over 20 years of experience working in technology, she carries the unique acumen to drive successful product integrations following mergers and acquisitions. Throughout her time at VTS, Penikelapati has maximized value for the platform’s customers, serving as the main support system for technical decisions and areas of opportunity. She has kept VTS at the forefront of the industry by ensuring the platform operates at its fullest potential for optimal customer satisfaction and continues to act as an advocate for hiring and retaining diverse talent within the organization. “Swaroopa has been at the core of our mission to modernize commercial real estate for all industry players and has been an invaluable force behind both the success of our platform, as well as the enrichment of VTS’ culture and spirit,” said Nick Romito, CEO of VTS. “This award is incredibly well-deserved following what’s been an exceptional year for our company and the evolution of our platform, and this can be attributed to Swaroopa’s guidance and visionary leadership.” This year’s Women in Real Estate Awards features nominees across the commercial real estate spectrum, including women in technology, development, finance, brokerages, and investment among other disciplines. The list recognizes the trailblazers who are driving the industry forward, celebrating their personal achievements as well as their invaluable contributions to their respective organizations. About VTS VTS is the industry's only technology platform that unifies owners, operators, brokers, and their customers across the commercial and residential real estate ecosystems. In 2013, VTS revolutionized the commercial real estate industry's leasing operations with what is now VTS Lease. Today, the VTS Platform is the largest first-party insights and collaboration engine in the industry, transforming how strategic decisions are made and executed by real estate professionals across the globe. With the VTS Platform, consisting of VTS Lease, VTS Market, VTS Activate, and VTS Data, every stakeholder in real estate is given real-time market information and workflow tools to do their job with unparalleled speed and intelligence. VTS is the global leader, with more than 60% of Class A office space in the U.S., and 13 billion square feet of office, residential, retail, and industrial space is managed through our platform worldwide. VTS is utilized by over 45,000 professionals and over 1.2 million total users, including industry-leading customers such as Blackstone, Brookfield Properties, LaSalle Investment Management, Hines, BXP, Oxford Properties, JLL, and CBRE. To learn more about VTS, and to see our open roles, visit www.vts.com. Contact Details Marino PR Sofia Chevez +1 646-912-5354 schevez@marinopr.com Company Website https://www.vts.com/

October 31, 2023 09:00 AM Eastern Daylight Time

Article thumbnail News Release

Cedar raises $3m to take on US housing crisis

Cedar

The US housing market is short 6.5 million homes after more than a decade of under-building relative to population and demand growth. Cedar is today announcing a $3M seed funding round to take this problem head on, with software that helps real-estate developers and professionals maximize the housing potential of urban infill properties. Cedar believes that the complexities of urban development are driving builders to construct homes ever-farther from city centers, thus contributing to the supply-demand mismatch creating a crisis of affordability today. Kyle Vansice, co-founder of Cedar added: “Not only is the US not building enough housing to support our population growth, we’re not building homes in the right places - urban centers where current and future generations want to live and work, and be closer to their friends, family, and cultural amenities.” The funding round was led by Caffeinated Capital with participation from Tishman Speyer Ventures, Maria Davidson (CEO of celebrated construction startup Kojo), David Rubenstein via Shorewind Capital, Alumni Ventures, among others. Cedar’s cap table also includes global venture capital firm Antler as an early investor (pre-seed round). Founded in 2022 by Kyle Vansice, Nate Peters and Rahul Attraya, Cedar is radically collapsing the time and cost for developers to source and evaluate real-estate projects, a major inefficiency in today’s real-estate market. It often takes longer to acquire, design, and permit a housing project than it does to build it - largely due to the slow, consultant driven, and regulatory burdened process of solving the 3D puzzle that is a real-estate development project. And while 80% of cities are composed of housing, almost no software exists to help developers know where and what can be built in the city - a critical market gap Cedar is filling. The Cedar platform uses generative algorithms and a mix of public and proprietary data to quickly generate a broad array of building designs, accurately predicting the development yield on any parcel in a city, and converting complex land-development regulations into real development scenarios that maximize a property's financial potential. Cedar is on a mission to standardize a fragmented process of value creation that typically takes months of consultant work and adds hundreds of thousands of dollars to each development project. By challenging the fundamentals on housing design and location, Cedar is creating a pathway to help deliver the residential needs of communities across the US. “By connecting local zoning and land development regulations with a national standard for infill housing and urban density, Cedar is the first technology startup that is offering a fresh vision for housing development and design for the future,” Nate Peters, co-founder of Cedar added. Cedar believes the immediate opportunity for builders and developers lies in places that were previously built for largely single-family development, but offer the potential to dramatically densify to create more livable and walkable neighborhoods. The future of urban development needs to move beyond the binary of either single-family homes or luxury high-rise to include the “missing middle” scale - a term coined by Dan Parolek and his firm Opticos Design. Rahul Attraya, co-founder of Cedar added: “The smaller, non-institutional “missing middle” scale projects are critical to creating a more economically and environmentally sustainable density in our cities. They present the key to providing the breadth of affordable options cities need. But getting innovative housing built in urban areas is not easy, and builders, developers, and the design community take big risks to make them happen - Cedar is supporting this effort by providing sophisticated planning and analysis technology that reduces risk and maximizes their potential. The infill multi-family construction is a $300B+ market annually, and is expected to nearly double by 2030. It is not only America’s fastest growing housing development type, but according to a recent University of California Berkeley study, the single most effective tool in reducing the carbon emissions of our society. Cedar has coverage across Austin now, but has ambitious plans to expand to a number of major American cities over the next 12-18 months. Varun Gupta, Partner at Caffeinated Capital, commented: “Characterizing the economic value of any parcel of land through its current and future development opportunities will drive massive value to developers, brokers, states and municipalities, and other stakeholders. With it, Cedar could help usher in a new golden era of municipal development and help solve America’s housing shortage.” Tyler Norwood, General Partner US at Antler, Cedar’s initial investor remarked: "We backed the Cedar team from day zero. As an early investor, we worked with Kyle, Rahul, and Nate as they experimented and fought to crack open a wedge into this market. The Cedar team is ambitious and tenacious, exactly the qualities required to scale a mammoth proptech opportunity. This 0-1 stage of a company is such a hard but exhilarating time — I feel honored that a team this strong gave Antler the opportunity to be a partner on this journey and it is exciting to see Cedar quickly gaining traction. I look forward to continue supporting the team as they build the future of urban infill development starting in our own backyard, Austin, TX. “ About Cedar Cedar is reducing the cost and time to source and evaluate real-estate projects by building software that accurately predicts development yield on any opportunity, converting complex land-development regulations into real development options that maximize a property's financial potential. Using proprietary algorithms and data, Cedar empowers real-estate developers to evaluate potential projects 10X faster, standardizing a fragmented process that typically takes months of consultant work and adds hundreds of thousands of dollars to each development project. Cedar is on a mission to help developers maximize ROI, de-risk investment by accurately predicting development yield as fast as possible. Doing so will create a more efficient real-estate market that will lead to more affordable, livable, walkable cities. About Caffeinated Caffeinated invests early (often at inception stage) and throughout the lifecycle of technology companies that produce meaningful value and transform the largest markets in the world. About Tishman Speyer Tishman Speyer is a leading owner, developer, operator and investment manager of first-class real estate in 36 key markets across the United States, Europe, Asia and Latin America. Our portfolio spans market rate and affordable residential communities, premier office properties and retail spaces, industrial facilities, and mixed-use campuses. We create state-of-the-art life science centers through our Breakthrough Properties joint venture, and foster innovation through our strategic proptech investments. With global vision, on-the-ground expertise and a personalized approach, we are unparalleled in our ability to foster innovation, quickly adapt to global and local trends and proactively anticipate our customers’ evolving needs. By focusing on health and wellness, enlightened placemaking and customer-focused initiatives such as our tenant amenities platform, ZO, and our flexible space and co-working brand, Studio, we tend not just to our physical buildings, but to the people who inhabit them on a daily basis. Since our inception in 1978, Tishman Speyer has acquired, developed, and operated 533 properties, totaling 223 million square feet, with a combined value of over $129 billion (U.S.). Our current portfolio includes such iconic assets as Rockefeller Center in New York City, The Springs in Shanghai, TaunusTurm in Frankfurt and the Mission Rock neighborhood currently being realized in San Francisco. About Alumni Ventures Alumni Ventures offers accredited individuals access to professional-grade venture capital— a key asset class missing from the portfolios of many sophisticated investors. Since launching its first venture fund in 2014, AV has raised more than $1.2 billion from nearly 10,000 individual accredited investors, and has built a community of over 650,000 opt-in subscribers to their innovation-focused newsletters. AV evaluates thousands of venture investment opportunities every year and has a portfolio of over 1,200 venture backed companies. In 2022, PitchBook ranked AV as the #1 most active VC firm in the US, and #3 in the world. AV funds are private, for-profit, and not affiliated with or sanctioned by any school. For more information, visit https://www.av.vc/ Contact Details Cedar Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.cedar.build/

October 31, 2023 09:00 AM Eastern Daylight Time

Image
Article thumbnail News Release

Pocketbook Agency Earns a Coveted Spot on Inc.’s Second Annual Power Partner Awards List

Pocketbook Agency

Today is a defining moment for Pocketbook Agency as Inc. Business Media acknowledges their modern, transformative approach to recruitment with a position on the second annual Power Partner Awards, which honors B2B organizations across the globe that have proven track records supporting entrepreneurs and helping startups grow. Anticipating tomorrow's needs while meeting today's demands, Pocketbook Agency stands out not only for its innovative methodologies but also for its commitment to forging deep-rooted relationships in a constantly evolving business landscape. Brittany Dolin, Co-Founder of Pocketbook Agency, highlights the philosophy that has underpinned their success: "Recruitment, for us, is a personal journey. We've transitioned from the era of old recruitment to focus on meaningful relationships. Every interaction, every match we make, is deeply personal and is a testament to our team's dedication." Serving a vast spectrum of sectors, from Entertainment & Music to Crypto & FinTech, Pocketbook Agency has become synonymous with discretion and precision. Their matchmaker approach sets them apart, making them the preferred choice for A-list celebrities, Fortune 500 leaders, and ultra-high-net-worth families. “Trusted B2B partners provide guidance and expertise that founders rely on at various steps of their organization’s journey. Partners that possess a demonstrated ability to deliver quality support are at the core of entrepreneurship and help bring big ideas to life,” says Scott Omelianuk, editor-in-chief of Inc. Business Media. With their modernized approach, Pocketbook Agency is redefining what it means to recruit in today's digital age. Nicole Dayan, Co-Founder, emphasizes the agency's forward-thinking mindset: "Our craft is built on commitment, loyalty, and an innate understanding of people. Recognition by Inc. is a reflection of our tireless efforts to stay ahead of the curve and always prioritize the human connection in a digital world." For those who value the confluence of technology and human intuition, Pocketbook's mantra resonates: "Your next hire should be your best hire." To view the complete list, go to: https://www.inc.com/power-partner-awards/2023 The November 2023 Issue of Inc. magazine is available online now at https://www.inc.com/magazine and will be on newsstands beginning October 31, 2023. About Inc. Business Media: About Inc. Business Media The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community they need to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com. About Pocketbook Agency: Pocketbook Agency, founded in 2014 by Brittany Dolin and Nicole Dayan, is a modern recruiting firm built for the needs of today, and anticipates the demands of tomorrow. Headquartered in Los Angeles, the women owned and operated elite agency specializes in bespoke administrative and support roles for both corporate and domestic environments. Applying years of industry experience and relationship-building to curate the very best support talent pool available in today’s market, Pocketbook serves accomplished founders, a-list celebrities, fortune 500 leaders and ultra high-net-worth clients across Entertainment & Music, Early-Stage Companies, Technology Businesses, Real Estate, Finance, Venture Capital & Private Equity, Crypto & FinTech, Beauty & Fashion, Food & Beverage, Hospitality & Luxury, Media and more. For more information, please visit https://www.pocketbookagency.com/ Contact Details JConnelly on Behalf of Pocketbook Agency Lori Rogers +1 973-476-6862 lrogers@jconnelly.com Company Website https://www.pocketbookagency.com/

October 31, 2023 09:00 AM Eastern Daylight Time

Article thumbnail News Release

Visit by His Majesty’s Trade Commissioner for North America to Electric Works, Fort Wayne, Indiana

Ancora L&G

Ancora L&G, yesterday welcomed Emma Wade-Smith OBE to Electric Works, in her capacity as His Majesty’s Trade Commissioner for North America and HM Consul General New York, during an official visit to Indiana. During the visit, the Trade Commissioner also met with representatives from the Indiana Economic Development Corporation, the City of Fort Wayne, NEI, and Greater Fort Wayne Inc., as well as regional business leaders. Electric Works, the former site of the General Electric campus, was developed by a public-private partnership of Ancora, Biggs Group, and Weigand Construction, together with the City of Fort Wayne, Allen County, and the State of Indiana. Construction started in 2020, with a strategic focus on urban redevelopment and a commitment to community revitalization. At its peak, the site on which Electric Works stands—an 18-building industrial complex—employed about a third of Fort Wayne's workforce and for over eight decades, produced electric motors, transformers and other critical components. Following decades of deindustrialization and waves of job cuts, the campus closed in 2015. The West Campus – Phase 1 – of Electric Works is a $286 million mixed-use development of 740,000 sq. ft.; the largest historic adaptive reuse project in the State of Indiana. West Campus includes a mix of uses including creative office, retail, entertainment, healthcare, innovation and co-working, a public market and local produce food hall, education, as well as public and event spaces. Building on the success of the West Campus, Phase 2 of Electric Works is planned as a $143.4 million mixed-use development of market rate housing, affordable and low-income housing - including units targeted to 55+ age bracket; over 10,000 sq. ft. new model early childhood learning center in partnership with a university to train new teachers; commercial space; a health/wellness center and parking. As part of the visit, there was a tour of Amp Lab, a new public education model for up to 400 11th and 12th grade students, which provides a STEAM (Science Technology Engineering Arts and Mathematics) curriculum and immersive learning and internship opportunities, in partnership with Electric Works’ businesses. Amp Lab has supported 800 pupils so far from the Fort Wayne area. Jeff Kingsbury, Chief Connectivity Officer, Ancora L&G, said, “To achieve inclusive growth, innovation districts like Electric Works prioritize talent attraction, development, and retention. Affordable housing and education are important to talent, and are therefore critical economic development issues in both the U.S. and the U.K. We discussed these shared challenges and opportunities with the Trade Commissioner during her visit to the campus and appreciate the time she spent with us and her interest and support for the community’s vision of Electric Works.” Emma Wade Smith OBE, HM Trade Commissioner for North America and HM Consul General New York, said: “ We signed the UK’s first State-level trade and economic cooperation agreement with Indiana in May 2022. At the heart of our ambitions is increasing trade and spurring more inclusive and sustainable economic growth, where opportunities and meaningful jobs are accessible to people across our communities. The Ancora Electric Works development is a terrific example of how UK-US collaboration can enable the revitalisation of such iconic and historic industrial sites. The transformation of this facility has captured the imagination of the community, by promoting access to opportunities that support our shared priorities in innovation, STEAM (science, technology, engineering, arts and math) and sustainability.” Riley Johnson, Director of Amp Lab, said, “Amp Lab is a unique learning environment built for students of diverse backgrounds to gain real-world experience. We were honored to host Trade Commissioner Emma Wade-Smith and thrilled to be recognized as a model of innovative and agile education.” ENDS Notes to editors Ancora L&G A joint venture between U.S.-based science and technology real estate developer Ancora and Legal & General Capital ( LGC ), the investment arm of global asset manager Legal & General, Ancora L&G acquires and develops real estate to serve high-growth science, technology, and innovation tenants in partnership with and proximate to leading U.S. anchor institutions. Ancora was founded in 2019 by Josh Parker with co-founders John Philipchuck and Jeff Kingsbury. Currently capitalized at $500 million with plans to expand to $4 billion, Ancora L&G currently has projects in Atlanta, Georgia (Georgia Tech); Providence, Rhode Island (Brown University); and New Haven, Connecticut (Yale University). Legal & General Capital Legal & General Capital (LGC) is Legal & General Group’s alternative asset platform, creating assets for Legal & General Retirement and third-party clients in order to achieve improved risk-adjusted returns for our shareholders. LGC has built its market leading capabilities in a range of alternative assets, delivering depth of resource, track record and intellectual property. Investing in the real economy and creating alternative assets that deliver a tangible societal impact, its purpose is to invest society’s capital for society’s benefit. L&G has invested around £30 billion ($37 million) in levelling-up regional UK economies and has strong track record in investing in technology and life sciences. LGC’s investments include residential property; specialist commercial real estate; clean energy; alternative credit; and venture capital. As LGC’s capability to create alternative assets continues to grow, it will not only continue to grow its balance sheet of alternative assets but also create alternative assets for third party investors. Legal & General Group Established in 1836, Legal & General is one of the UK’s leading financial services groups and a major global investor, with international businesses in the U.S., Europe, Middle East, and Asia. With over £1.24 trillion in total assets under management, we are the UK’s largest investment manager for corporate pension plans and a UK market leader in pension risk transfer, life insurance, workplace pensions and retirement income. Legal & General Group currently manages $1.4 trillion of assets globally and is increasing its presence in the U.S. for both equity and debt vehicles. The year-old Ancora L&G joint venture builds on the successful track record of Ancora’s team and the investing record of LGC in the UK, including over $5 billion currently committed to science and technology development projects at Oxford, Manchester, and other leading universities in the UK. Contact Details Meir Kahtan Public Relations, LLC (MKPR) Meir Kahtan +1 917-864-0800 mkahtan@rcn.com Director of External Engagement, Legal & General Margrit Williams +1 347-387-7555 margrit.williams@landg.com

October 27, 2023 04:52 PM Eastern Daylight Time

Image
1 ... 1112131415 ... 86