News Hub | News Direct

Real Estate

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

A second significant deal for Nofar Energy in Poland’s renewable energy market

Ivri PR

In line with its strategic plan and following its entry into Poland’s renewable energy market, Nofar Energy (NOFR) today announced a second significant deal in Poland. Nofar reported it had purchased a portfolio of solar projects with a total capacity of 185 megawatts. Earlier this week, the company said it had signed an agreement with Electrum SP. Z O.O, a leading player in Poland’s renewable energy market. Under the contract, the two companies will jointly own a corporation devoted to initiating, developing, managing, and maintaining photo-voltaic (PV) and wind energy projects in Poland with a capacity of up to 1,250 megawatts. The expansion of Nofar’s operations in Poland adds to the projects, companies, and development platforms that Nofar already owns in the USA, Spain, Romania, Italy, and Israel. Under the new deal, Nofar Europe (90%) inked an agreement to buy a portfolio of solar projects in Poland with a total capacity of 185 megawatts, which are in different stages of construction and development. The projects are acquired from Paged Real Estate, which will develop them until RTB. The company plans to connect the projects to the power grid in 2023-2024. The portfolio comprises 14 projects with capacities ranging from 1 to 68 megawatts. The projected construction cost of all the projects in the portfolio is € 96.6 million, and their projected annual revenues are estimated at € 11.7 million with a yearly EBITDA of approx. € 7.8 million. Nadav Tenne, CEO of Nofar Energy, said, “the current deal and the partnership with Electrum, which we announced earlier, adds to Nofar’s development momentum in the USA, Italy, Romania, Spain, and Israel. Anchored in the global organizational infrastructure that we built over the past year, including initiation, development, funding, construction, and management in the said markets. Nofar’s unique business model, organizational scheme, and global presence allow it to develop additional growth platforms in profitable growth. At the same time, the company invests in its current operations to ensure continued rapid growth.” Poland’s renewable energy market In February 2021, the Polish government adopted the Polish Energy Policy for 2040 (PEP2040). The policy stipulates that by 2030, coal-based electricity will be reduced from 66% to 56%, CO 2 emissions will be reduced by 30%, and the rate of renewable energies in power generation will increase from 13% to at least 23%. These milestones will be implemented concurrently with constructing marine power generation facilities and increased power generation from nuclear energy. Furthermore, the Polish government has also undertaken to shut down all the coal mines in the country by 2049. Poland’s renewable energy market is projected to grow substantially over the next few years, among others, to comply with the policy objectives. An independent consulting company estimated that 11.3 gigawatts of new power generation projects from renewable sources (solar and wind) will be built by 2025. By 2030, the capacity would increase by 25.7 gigawatts compared with today’s power. Of this capacity, 10.3 gigawatts will be generated from solar plants, 9.4 from land-based wind energy facilities, and the balance from wind energy facilities located in the sea. Thus, by 2025, electricity from renewable sources is expected to account for 21% and 42% by 2030, compared with 13% in 2021. Contact Details nofar-energy Dikla Ivri Pardnoy +972 52-380-4085 Dikla@ivripr.com Company Website https://www.nofar-energy.com/

November 25, 2021 01:55 AM Eastern Standard Time

Image
Article thumbnail News Release

REALTORS® Reveal Buying and Selling Tips for a Competitive Real Estate Market

YourUpdateTV

A video accompanying this announcement is available at: https://youtu.be/McIbClV5apA Drive down any street in America over the past two years and one thing is obvious: the real estate market is booming. How hot is it? Nearly 9 out every 10 homes (86%) sold in September 2021 were on the market for less than a month. Existing-home sales jumped 7% in September as each of the four major U.S. regions witnessed monthly sales increases. The median existing-home sales price climbed 13.3% from a year ago. So, what is the real estate outlook for 2022? The National Association of REALTORS® weighs in. “All markets are seeing strong conditions and home sales are the best they’ve been in 15 years,” said Dr. Lawrence Yun, chief economist of NAR. “The housing sector’s success will continue, but I don’t expect next year’s performance to exceed this year’s.” Additionally, Yun predicts that mortgage rates will see an increase of 3.7% in the coming months, a rise attributed to persistent high inflation. Home prices rose an average of 12% in 2020 and 2021, while inflation rose 3%. While NAR has a good idea of what to expect nationally, nobody knows your neighborhood better than a REALTOR® who lives and works in your community. They wade through complicated, data-heavy volumes of information about local markets to help consumers navigate what is the most complex and important transaction of their lives. In fact, while most buyers begin their home search online, 9 out of 10 still choose the assistance of a trusted real estate agent to guide them through this infrequent, complicated transaction. For more information, visit https://www.realtor.com/ 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

November 22, 2021 09:00 AM Eastern Standard Time

Video
Article thumbnail News Release

Nofar Energy enters Poland’s renewable energy market with significant initiative

Nofar Energy Ltd.

In line with its strategic plan and following the launch of operations in the USA, Spain, Romania, and Italy over the past few months, Nofar Energy continued to expand its global traction by entering Poland’s renewable energy market. Today, the company reported that Nofar Europe (90%) executed an agreement with Electrum S.P. Z O.O on the joint holding of a corporation that will initiate, develop, manage, and maintain photo-voltaic and wind energy projects with a capacity of up to 1,250 megawatts. The two companies will co-manage the joint venture, including identifying opportunities for renewable energy in Poland, initiation, development, and acquisition of greenfield and RTB renewable energy projects, and project maintenance. Nofar Europe will own 80% of the joint corporation and Electrum the remaining 20%. Electrum is a leading consulting, engineering, and technology company in the Polish market. As an independent power producer (IPP), it specializes in preparing, implementing, launching, operating, and maintaining investment projects in the Renewable Energy Sources (RES) sector, information, and industry. It also engages in the comprehensive management of energy assets, such as wind and photo-voltaic farms, cogeneration systems, energy storage, hydrogen facilities, SMRs, and WTE). Dr Miroslaw Poplawski, CEO of Electrum, said, “the joint venture with Nofar Energy perfectly fits into the implementation of our long-term strategy based on IPP energy & information business formula and focused on co-creating an alternative energy system. I’m really impressed by Nofar’s vision, innovative thinking and its extraordinary business success way. For sure partnership with Nofar Energy shall generate a very strong positive impact on the RES market in Poland and create exceptionally attractive results for both companies including speed-up of our business development and high profits. What’s more, this agreement makes Electrum much more global and builds an additional value for our brand. No doubt there is a synergy effect between us. Congratulations and all the best for our partners from Nofar Energy!” Nadav Tenne, CEO of Nofar Energy, said, “as part of implementing our strategic plan for expanding our global traction, we devoted the past few months to in-depth studying of the Polish market, and careful assessment of several alternatives for starting operations there. As a result, we chose to establish a joint venture with Electrum because of its extensive renewable energy experience, proven capabilities in developing and setting up complex infrastructure projects, and the high level of its executives and workers. Moreover, Electrum features strong synergy with Nofar’s operations which we believe would yield significant growth and successful implementation of hundreds of megawatts with a robust return on investment. I am excited by the new partnership and congratulate our new partners in Electrum, wishing us success in the new venture.” Poland’s renewable energy market In February 2021, the Polish government adopted the Polish Energy Policy for 2040 (PEP2040). The policy stipulates that by 2030, coal-based electricity will be reduced from 66% to 56%, CO 2 emissions will be reduced by 30%, and the rate of renewable energies in power generation will increase from 13% to at least 23%. These milestones will be implemented concurrently with constructing marine power generation facilities and increased power generation from nuclear energy. Furthermore, the Polish government has also undertaken to shut down all the coal mines in the country by 2049. Poland’s renewable energy market is projected to grow substantially over the next few years, among others, to comply with the policy objectives. An independent consulting company estimated that 11.3 gigawatts of new power generation projects from renewable sources (solar and wind) will be built by 2025. By 2030, the capacity would increase by 25.7 gigawatts compared with today’s power. Of this capacity, 10.3 gigawatts will be generated from solar plants, 9.4 from land-based wind energy facilities, and the balance from wind energy facilities located in the sea. Thus, by 2025, electricity from renewable sources is expected to account for 21% and 42% by 2030, compared with 13% in 2021. Contact Details Dikla Ivry Pardnoy +972 52-380-4085 dikla@ivripr.com Company Website https://www.nofar-energy.com/

November 22, 2021 01:25 AM Eastern Standard Time

Image
Article thumbnail News Release

National Rural Housing Coalition Convenes on Housing Advocacy

National Rural Housing Coalition

Washington, DC (November 15, 2021) -- Today, rural housing and community development professionals across the country convene at the annual meeting of the National Rural Housing Coalition (NRHC). Founded in 1969, NRHC is a national membership organization and the nation’s oldest rural housing advocacy coalition. Coalition members will hear today from key U.S. Department of Agriculture (USDA) Rural Development Officials, including Under Secretary for Rural Development Xochitl Torres Small. In addition, Coalition members will discuss rural housing programs and policy issues and the status of federal legislation affecting affordable housing programs. At the meeting, NRHC will release its most recent Rural Housing Impact Report, made possible through a generous grant from Wells Fargo. The report documents the success of nonprofit organizations in improving housing conditions in small towns and farming communities across America. NRHC surveyed its members on their work financing the construction of homeowner and rental housing, the development of community facilities, and the provision of housing counseling and technical assistance. Coalition survey data was supplemented by data from three housing and community development intermediaries supporting more than 100 organizations working in rural communities: Habitat for Humanity, NeighborWorks, and Rural LISC. The report covers housing activities for organizations’ most recent fiscal year. Among the key findings:  Survey participants deployed $3.7 billion toward creating, preserving, or financing some 20,000 units of affordable housing for homeowners. This included 9,700 units of new housing comprising of 1,046 new construction units; more than 1,600 units through USDA’s Mutual Self Help Housing program and Habitat for Humanity; more than 4,300 home repairs, and some 2,600 units of newly acquired housing. Key sources of financing included private sector capital assembled by NeighborWorks, and USDA’s section 502 direct loan program; and  Survey participants developed, preserved, or managed more than 40,000 units of rental housing in rural communities. This activity included more than $387 million in financing for new construction or preservation of existing housing. The most common sources of funding of included federal Low Income Housing Tax Credits, USDA rural rental housing loans, and the Department of Housing and Urban Development’s Home Investment Partnership. Using an economic impact model developed by the National Association of Home Builders, NRHC estimated that the economic activity resulting from survey participants’ rural housing development generated 13,645 jobs. Other important survey data points include:  More than 72,000 households received housing counseling; of that number, 68,000 received pre-purchase counseling;  Four survey respondents are Community Development Financial Institutions (CDFIs) and provided more than $48 million in loans supporting 1,400 units of affordable housing;  Rural housing organizations also provided assistance to 43 water and wastewater systems serving close to 13,000 households;  Three Intermediary organizations provided grant assistance of more than $4.3 million to 173 rural housing organizations; and  Four survey respondents reported providing training and technical assistance to 169 organizations and 700 individuals. The report also includes rural housing “success stories” from 19 NRHC member organizations, highlighting their efforts to improve affordable housing in rural America. The data and stories in the report highlight the success of rural housing organizations at a moment when federal rural housing support has slowed to a trickle. Since Fiscal Year 2000, loan subsidies for low-income homeownership, rental and farmworker housing, and related assistance have been cut by more 60 percent. “A generation of budget cuts for rural housing programs at the U.S. Department of Agriculture is one of the driving factors of housing distress in rural areas, including the low rate of construction, the incidence of substandard housing, and the high cost of housing. The report highlights the ingenuity of rural housing organizations in filling the gaps resulting from anemic federal support,” said Bob Rapoza, Executive Secretary of NRHC. Rural housing advocates will use the next few weeks to make their case to lawmakers for more support for rural housing. About the National Rural Housing Coalition In 1969, a group of concerned rural community activists, public officials, and non-profit developers formed the National Rural Housing Coalition (NRHC) to fight for better housing and community facilities for low-income rural families. Today, NRHC works to promote and defend the principle that rural people have the right — regardless of income — to a decent, affordable place to live, clean drinking water, and basic community services. For more information, visit Ruralhousingcoalition.org. Contact Details National Rural Housing Coalition Bob Rapoza +1 202-393-5225 bob@rapoza.org

November 15, 2021 08:56 AM Eastern Standard Time

Article thumbnail News Release

Nostromo secures a $9.1 million equity investment by Migdal and Freepoint Commodities

Nostromo Energy Limited

Nostromo Energy Ltd. (TASE: NOST), provider of sustainable energy storage solutions to commercial and industrial buildings, based on its proprietary IceBrick™ technology, announced today a $9.1M equity financing by Migdal Group, one of the largest financial groups in Israel, investing approximately $7M, and another $2M by Freepoint Commodities, a Stamford, CT based commodities and energy trading company and developer of renewable energy projects. The investment was in the form of a private issuance of ordinary shares at a price per share of $10.8, including non-tradable 30-months’ warrants to invest an additional $6.4M ($5.0M by Migdal and $1.4M by Freepoint) at a price per share of $15.1, representing a 40% premium on the transaction price. Completion of the investment depends on the approval by the Tel-Aviv Stock Exchange for listing the issued shares for trade. The proceeds of this investment will be used by Nostromo to expand its business operations in the US market, as well as expand its R&D, software, engineering, project management, production, Q&A, regulatory and US sales and marketing organization. “This investment further strengthens our financial position and, more importantly, creates partnership with two important shareholders with significant value. Migdal is a leading institutional investor, with a clear commitment to clean energy, energy storage, and sustainability in general,” says Yoram Ashrey, CEO of Nostromo. “Freepoint brings a broad and deep understanding of energy markets, which will be highly valuable to us as we grow in the US market.” “As renewable sources of power provide more of our electricity needs in the future, there will be an increasing demand for storage systems to balance the power grid. Nostromo’s innovative IceBrick is a solution unique in its safety and reliability, and will no doubt be a compelling mechanism to create behind-the-meter power storage in the future. We are highly impressed by the Nostromo team’s achievements to date and look forward to working with them in the future to expand commercial adoption of the IceBrick technology.” Said David Messer, CEO of Freepoint Commodities. About Nostromo Energy Nostromo accelerates the renewable energy revolution, with its sustainable energy storage solution that enables commercial and industrial buildings to do their part in stopping climate change by becoming large-scale energy storage assets. Nostromo paves the way to a carbon free electric grid, while offering a safe, clean and financially beneficial system to building owners. Nostromo’s revolutionary technology, the IceBrick™, stores cold energy during off-peak or surplus solar hours and uses it to power commercial space cooling, which accounts for approximately 40% of power demand during peak hours. https://www.nostromo.energy Contact Details Lea Berdugo +972 54-297-3672 lea@reblonde.com Company Website https://nostromo.energy/

November 11, 2021 09:00 AM Eastern Standard Time

Article thumbnail News Release

Provident Bank Survey Shows Bidding Wars are the New Norm for Home Buyers

Provident Bank

Provident Bank, a leading New Jersey-based financial institution, today released a new Home Buyer Research Report showing increased competition in the housing market. In fact, approximately 61% of the survey’s 400 respondents – all recent home buyers – competed in at least one bidding war during their home search. Despite competition, most said their winning offer on the home they ultimately purchased was at or above asking price with more than 25% saying their winning offer was more than 10% above asking price. Additionally, 70% of respondents reported a positive buying experience. “Our survey showed that first-time home buyers have not been scared off by the competitive housing market,” said Tony Labozzetta, President & COO, Provident Bank. “The research shows that motivators to move are largely quality of life factors like better neighborhoods, better schools, job relocation or transfer. The good news is that most have been pleased with the overall home buying process despite the competitive market.” The survey also found that recent buyers are offering lower down payments. Despite most respondents offering less than 20% for a down payment, they had no difficulty obtaining a mortgage. Mortgage rates are still historically low for many recent home buyers, with 31% saying their rate is between 2-3%. Additional findings include: Approximately 75% of home buyers did at least half of their home shopping in-person, while 25% did most of their home shopping online. More than half (55%) think they overpaid for their home, however, 44% of respondents do not regret buying now. Over half of respondents think they will stay in their home for five years or fewer. Methodology Provident Bank surveyed 400 recent home buyers in the U.S. between the ages of 25 and 54. A full research report is available upon request. About Provident Bank Provident Bank, a community-oriented financial institution offering “Commitment you can count on” since 1839, is the wholly owned subsidiary of Provident Financial Services, Inc. (NYSE:PFS), which reported assets of $13.39 billion as of September 30, 2021. With $10.84 billion in deposits, Provident Bank provides a comprehensive suite of financial products and services through its network of branches throughout northern and central New Jersey, as well as Bucks, Lehigh and Northampton counties in Pennsylvania and Queens County in New York. The Bank also provides fiduciary and wealth management services through its wholly owned subsidiary, Beacon Trust Company and insurance services through its wholly owned subsidiary, SB One Insurance Agency, Inc. For more information about Provident Bank, visit www.provident.bank or join the conversations on Facebook (ProvidentBank) and Twitter (@ProvidentBank). Contact Details Provident Bank Keith Buscio, Director of Public Relations +1 732-590-9407 Keith.Buscio@Provident.Bank

November 11, 2021 08:03 AM Eastern Standard Time

Article thumbnail News Release

Home Maintenance Tips for the Winter: How to Know if You Need to Call an Expert

YourUpdateTV

A video accompanying this announcement is available at: https://youtu.be/2UPtX1CdE1s Ready or not, winter is on its way. Depending on where you live, you might've already felt the temperature drop, which means it's a good time to start preparing your home for the coldest months ahead. But if you’re not an expert in DIY home maintenance, knowing where to look and knowing what to look for can be difficult. It may be time to call in the real experts. On Thursday, November 4 th, Chief Operating Officer of One Hour Heating & Air Conditioning, Benjamin Franklin Plumbing and Mister Sparky Electric, Mark Dawson conducted a nationwide media tour to share helpful tips on preparing your home for winter and for the influx of family and friends this holiday season. For more information, expert and licensed professionals at Benjamin Franklin Plumbing, One Hour Heating & Air Conditioning and Mister Sparky are ready to assist and service homeowners across the country. To request a service, visit: https://www.mistersparky.com/ https://www.benjaminfranklinplumbing.com/ https://www.onehourheatandair.com / 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

November 10, 2021 04:54 PM Eastern Standard Time

Video
Article thumbnail News Release

Copper Property CTL Pass Through Trust Issues Monthly Reporting Package for October 2021

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, 2021. An aggregate total distribution of $6.2 Million or $0.082498 per trust certificate will be paid on November 10, 2021 to certificateholders of record as of November 9, 2021. LIVE CONFERENCE CALL The Trust will be hosting a live conference call to discuss its Quarterly Report on Form 10-Q for the period ended September 30, 2021 (“Quarterly Report”) and its Monthly Report for the periods ended September 30, 2021 and October 31, 2021 (“Monthly Report”). The Trust’s sales progress, strategy and NASDAQ listing status will also be discussed. The conference call will be held on Thursday, November 11, 2021 at 12 noon Central Time/1:00 pm Eastern Time and will include a Question and Answer (Q&A) session. CONFERENCE CALL DETAILS: DATE: Thursday, November 11, 2021 TIME: 12:00 Noon CST | 1:00 pm EST 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#: 13725079 Additional information, including the Trust’s Monthly Report and Quarterly Report, 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 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 Copper Property CTL Pass Through Trust Larry Finger | Principal Financial Officer +1 310-526-1707 lfinger@ctltrust.net IRRealized LLC Mary Jensen | Investor Relations +1 310-526-1707 mary@irrealized.com Company Website https://ctltrust.net/about/default.aspx

November 09, 2021 05:14 PM Eastern Standard Time

Article thumbnail News Release

WHEELER REAL ESTATE INVESTMENT TRUST, INC. ANNOUNCES THE RELEASE OF ITS THIRD QUARTER 2021 FINANCIAL AND OPERATING RESULTS

Wheeler Real Estate Investment Trust, Inc.

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) (“WHLR” or the “Company”) announced today that it has reported its financial and operating results for the three and nine months ended September 30, 2021 on Form 10-Q. In conjunction with this announcement, the Company has posted to its website supplemental information regarding WHLR's financial and operating results for the three and nine months ended September 30, 2021. This information, as well as additional information on WHLR and its business activities, can be accessed via the Investor Relations page at www.whlr.us. ABOUT WHEELER REAL ESTATE INVESTMENT TRUST, INC. Headquartered in Virginia Beach, VA, Wheeler Real Estate Investment Trust, Inc. is a fully integrated, self-managed commercial real estate investment trust (REIT) focused on owning and operating income-producing retail properties with a primary focus on grocery-anchored centers. Please visit the Company's website for more information. Interested parties may access the website through the following link www.whlr.us. Contact Details Wheeler Real Estate Investment Trust Mary Jensen | Investor Relations +1 757-627-9088 mjensen@whlr.us

November 09, 2021 04:15 PM Eastern Standard Time

12345 ... 18