CRE

BOMI's J. Bradley Kennedy Scholarship Applications Open

Retrieved on: 
Friday, March 15, 2024
Friends, Trustee, Brad, Education, CRE, Workforce, Nursing

ANNAPOLIS, Md., March 15, 2024 /PRNewswire-PRWeb/ -- BOMI's Board of Trustees is pleased to announce that applications for the J. Bradley Kennedy Scholarship are now being accepted. The scholarship was established in 2011 to strengthen the workforce and help ensure industry professionals can access higher education to advance their careers.

Key Points: 
  • ANNAPOLIS, Md., March 15, 2024 /PRNewswire-PRWeb/ -- BOMI's Board of Trustees is pleased to announce that applications for the J. Bradley Kennedy Scholarship are now being accepted.
  • The scholarship was established in 2011 to strengthen the workforce and help ensure industry professionals can access higher education to advance their careers.
  • BOMI created the scholarship in honor of Mr. J. Bradley (Brad) Kennedy's focus on excellence and his lifelong commitment to education.
  • The annual scholarship is awarded to a student who is pursuing a career in property or facilities management.

Yingli Solar Secures Two Prominent French Carbon Footprint Certifications

Retrieved on: 
Friday, March 15, 2024
Certification, WWF, Recycling, ESG, Research, CRE, Yingli, Carbon, Commission, CRE4, Giant panda, PV, Renewable energy

BAODING, China, March 15, 2024 /PRNewswire/ -- Yingli Solar has recently been awarded the French carbon footprint CRE4 certification and PPE2 certification, distinguishing itself as one of the select few PV enterprises to acquire both esteemed French carbon footprint certifications.

Key Points: 
  • BAODING, China, March 15, 2024 /PRNewswire/ -- Yingli Solar has recently been awarded the French carbon footprint CRE4 certification and PPE2 certification, distinguishing itself as one of the select few PV enterprises to acquire both esteemed French carbon footprint certifications.
  • The French carbon footprint certification, administered by the Commission de Régulation de l'Énergie (CRE), represents the most authoritative standard required for PV products exceeding 100kWp aiming to enter the French market.
  • Consequently, attaining the French carbon footprint certification is particularly challenging, especially the PPE2 certification introduced in 2023, which builds upon the CRE4 criteria with more exacting demands.
  • Yingli Solar, as one of the pioneers in China's PV industry, has consistently led the way in carbon emission reduction and carbon neutrality.

Climate-Resilient Real Estate: Innovative Alliance by Two Climate-Tech Startups

Retrieved on: 
Tuesday, March 12, 2024
Partnership, Expected shortfall, SAN, Climate change, Climate, RWDI, CRE, Risk management

Together, the leading climate-tech startups are offering a unified and actionable solution to empower real estate stakeholders — including owners, investors, and asset managers — to manage climate risks effectively and promptly.

Key Points: 
  • Together, the leading climate-tech startups are offering a unified and actionable solution to empower real estate stakeholders — including owners, investors, and asset managers — to manage climate risks effectively and promptly.
  • Leveraging the combined expertise of both platforms, clients gain access to comprehensive climate-risk assessments and transform challenges into opportunities for building asset resilience.
  • "We provide our clients with granular information about the risk of climate hazards to their property.
  • "Our innovative solutions and commitment to data-sharing reflect our dedication to fostering a safer and more resilient future for everyone."

Hilco Corporate Finance Expands Investment Banking Advisory Team

Retrieved on: 
Tuesday, March 12, 2024
Consumer, Corporate services, Business, Goldberg, CRE, Acquisition, University, Senior, HCF, Capital market, Hilco Global, Financial services

CHICAGO, March 12, 2024 /PRNewswire/ -- Hilco Corporate Finance (HCF), Hilco Global's investment banking advisory firm, continues to strengthen its team with the appointment of two industry leaders. Josh Goldberg joins as Senior Managing Director for Consumer and Retail M&A, based in New York City, while Alina Mardesich assumes the role of Managing Director for Commercial Real Estate Finance, based in Los Angeles.

Key Points: 
  • Josh Goldberg joins the team as Senior Managing Director for Consumer & Retail M&A Advisory, and Alina Mardesich as Managing Director for Commercial Real Estate Finance
    CHICAGO, March 12, 2024 /PRNewswire/ -- Hilco Corporate Finance (HCF), Hilco Global's investment banking advisory firm, continues to strengthen its team with the appointment of two industry leaders.
  • Mr. Goldberg commented, "What excited me about joining Hilco to build the healthy M&A advisory practice is the sheer depth of experience and network within the Hilco Corporate Finance team, as well as the Hilco Global organization.
  • I was impressed with the strength of the existing Hilco Corporate Finance team in both Special Situations and Capital Markets and, with a new M&A advisory team, Hilco Corporate Finance is positioned to provide investment banking services to our clients at every stage and circumstance of our middle-market clients."
  • Encompassing capital advisory, M&A advisory, and special situations/ restructuring investment banking services, we continue to build our practice from a client's point of view – focusing on a solutions-oriented, not merely a transactional, approach.

LandGate Announces Strategic Alliance with CoreLogic to Enhance Real Estate and Energy Analytics

Retrieved on: 
Monday, March 11, 2024
EV, Organization, Government, Growth, Entrepreneurship, Intelligence, CRE, Wind, Insurance, Carbon, Mineral, Landgate, Investment, CoreLogic, Mining

This alliance leverages the collective expertise of both companies, culminating in a powerful union of real estate and energy.

Key Points: 
  • This alliance leverages the collective expertise of both companies, culminating in a powerful union of real estate and energy.
  • Together, they aim to provide a comprehensive solution that will benefit various stakeholders in the real estate and energy sectors.
  • "This alliance is testament to what we've been saying for a long time, 'the energy and real estate industries have merged together.'
  • It's a must-have dataset for anyone dealing with real estate or energy assets," says Craig Kaiser, President and Co-Founder of LandGate.

EU banks are robust, but signs of credit quality deterioration are becoming apparent, the EBA’s Risk Dashboard shows

Retrieved on: 
Friday, April 5, 2024
RDB, EBA, Risk, RWA, Roe, NPL, CRE, Elis James, LCR, Bank

EU banks are robust, but signs of credit quality deterioration are becoming apparent, the EBA’s Risk Dashboard shows

Key Points: 
  • EU banks are robust, but signs of credit quality deterioration are becoming apparent, the EBA’s Risk Dashboard shows
    The European Banking Authority (EBA) today published its Q4 2023 quarterly Risk Dashboard (RDB), which discloses aggregated statistical information for the largest EU/EEA institutions.
  • EU/EEA’s banks capitalisation stands at record levels, liquidity has improved, while return on equity (RoE) stood at 10.3%.
  • Yet, early signs of credit quality deterioration have become more apparent.
  • Financial market conditions during the first months of 2024 were benign with high level of debt issuances from banks.

Altus Group Nominates Jim Hannon and Will Brennan to its Board of Directors

Retrieved on: 
Wednesday, February 28, 2024
Collection, Corporate governance, Intelligence, Risk management, CRE, TSX, Altus Group, Growth, MBA, CFA, Human resources, Compensated emancipation, University, Partner, Committee, AGM, Harvard Business School, Economics, McDiarmid, Management

“Our strategic growth plan includes expanding Altus Group’s asset performance and risk management solutions to help clients drive superior performance through advanced analytics.

Key Points: 
  • “Our strategic growth plan includes expanding Altus Group’s asset performance and risk management solutions to help clients drive superior performance through advanced analytics.
  • Their addition to the Board is an important step in our ongoing board refreshment process.”
    Will Brennan is the Managing Partner of Long Path Partners, an investment firm that he founded in 2018, and a long-standing shareholder of Altus Group.
  • He brings a unique investor perspective to the Board with a deep understanding of Altus Group’s operations and market opportunity.
  • Both directors have made lasting contributions to Altus Group’s corporate governance initiatives and continual efforts to drive shareholder value.

AFC Gamma to Separate Commercial Real Estate Lending Business into Independent Public Company

Retrieved on: 
Thursday, February 22, 2024
SUNS, AFC, Investment, Telephone, CRE, REIT, Sale, ID, Conference, Specialization, O'Melveny & Myers, Security (finance), Bank

ET Today

Key Points: 
  • ET Today
    WEST PALM BEACH, Fla., Feb. 22, 2024 (GLOBE NEWSWIRE) -- AFC Gamma, Inc. (NASDAQ:AFCG) (“AFC Gamma”) today announced that its Board of Directors has unanimously approved a plan to spin-off its commercial real estate (“CRE”) portfolio into an independent, publicly traded company that intends to elect REIT status, Sunrise Realty Trust, Inc. (“SUNS”).
  • AFC Gamma has solidified its position as a leading institutional lender to state-licensed cannabis operators, and we believe now is the right time to spin off our traditional commercial real estate operations into a standalone public company,” said Daniel Neville, AFC Gamma’s Chief Executive Officer.
  • As two separate companies, AFC Gamma and SUNS each plan to have some overlapping corporate management but will have distinct investment teams and boards of directors comprised primarily of independent directors.
  • First, AFC Gamma will contribute, and SUNS will accept and assume, all the assets, liabilities and business related to AFC Gamma’s commercial real estate lending business, as currently conducted by SUNS, including the operations, properties, services and activities of such business.

Altus Group Reports Q4 and Fiscal 2023 Financial Results; Announces Quarterly Dividend Payment

Retrieved on: 
Thursday, February 22, 2024
Cloud, Intelligence, Free cash flow, Net, CRE, TSX, Analytics, Altus Group, Funding, Table, Adjustment, Earnings, Property tax, Revenue, EPS, Development, Environment, Retail

Consolidated Adjusted EBITDA* was $34.2 million, down 2.2% (3.4% on a Constant Currency basis).

Key Points: 
  • Consolidated Adjusted EBITDA* was $34.2 million, down 2.2% (3.4% on a Constant Currency basis).
  • Net cash provided by operating activities was $44.7 million, up 62.7%, and Free Cash Flow* was a record $40.1 million, up 109.3%.
  • Analytics revenues were $103.2 million, up 7.4% (6.1% on a Constant Currency basis), of which Recurring Revenue* was $93.0 million, up 8.4% (7.0% on a Constant Currency basis).
  • “2023 was a year of significant progress driving revenue, profit and free cash flow growth,” commented Jim Hannon, Chief Executive Officer of Altus Group.

Altus Group Enhances Valuation Offer with New Pan-European Dataset

Retrieved on: 
Wednesday, February 21, 2024
Intelligence, Pan-European, CRE, TSX, Altus Group, Core, Data science, Geography, Data, Commercial property

LONDON, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Altus Group Limited (ʺAltus Group” or the “Company”) (TSX: AIF), a leading provider of asset and fund intelligence for commercial real estate (“CRE”), announced today that it has enhanced its European valuation offer with a new Pan-European dataset to compare and analyse commercial property valuation performance.

Key Points: 
  • LONDON, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Altus Group Limited (ʺAltus Group” or the “Company”) (TSX: AIF), a leading provider of asset and fund intelligence for commercial real estate (“CRE”), announced today that it has enhanced its European valuation offer with a new Pan-European dataset to compare and analyse commercial property valuation performance.
  • "As an independent provider of valuation management solutions, Altus Group is ideally positioned to partner with the CRE industry to drive valuation transparency,” said Julien Sporgitas, EMEA Valuation Leader at Altus Group.
  • “The Pan-European valuation dataset raises the bar for real estate analytics in Europe, bringing new insights on the drivers of commercial property valuations.
  • Altus Group’s Pan-European valuation dataset creates a centralised, standardized valuation dataset offering granular insight into why property values are changing.