Dormitory

Latitude 33 Planning & Engineering and Development Team Receive National DBIA Award for UC San Diego's Nuevo East Graduate Student Housing

Retrieved on: 
Tuesday, November 14, 2023
Associate, SAN, DBIA, PDC Awards Dinner, Gold, Yoga, Student, Dormitory, National Film Awards, National Harbor, Maryland, Latitude, Exchange, Conference, Federal, USGBC, University, Engineering, Bangladesh Technical Education Board, Certification, UC, Policy, Nursing, Interior design, MD

SAN DIEGO, Nov. 14, 2023 /PRNewswire/ -- Latitude 33 Planning & Engineering joins the University of California, San Diego and other project partners in celebrating UC San Diego Nuevo East Graduate Student Housing's national recognition by the Design-Build Institute of America (DBIA). The organization named Nuevo East a winner of a National Award of Merit in the Educational Facilities category. Recipients were honored at DBIA's annual Awards Dinner on November 2, 2023, at the Design-Build Conference & Expo in National Harbor, MD. This award is the latest in a series of National DBIA awards for Latitude 33, demonstrating the firm's excellent outcomes as part of a design-build team.

Key Points: 
  • SAN DIEGO, Nov. 14, 2023 /PRNewswire/ -- Latitude 33 Planning & Engineering joins the University of California, San Diego and other project partners in celebrating UC San Diego Nuevo East Graduate Student Housing's national recognition by the Design-Build Institute of America (DBIA).
  • The $220 million mixed-use UC San Diego Nuevo East Graduate Student Housing community consists of 712,000 total square feet which house 1,374 students.
  • In 2021, UC San Diego Nuevo West Graduate Student Housing earned a National DBIA Best of Award for Best Use of BIM/VDC.
  • In 2019, UC San Diego Mesa Nueva Graduate and Professional Student Housing earned a National DBIA Best of Award for Best in Teaming.

Preston Hollow Community Capital Completes $51.65 Million Bond Purchase for AMDA College of the Performing Arts

Retrieved on: 
Tuesday, November 7, 2023
Finance, Consulting, Banking, Professional Services, Other Education, Continuing, University, Asset Management, Education, DASNY, PHCC, Nixon Peabody, New York City Mayor's Office of Management and Budget, Dormitory, Orrick, Law, AMDA, College, LLP, Dormitory Authority of the State of New York, Student, Partnership, Counsel, Life insurance, Bond

Preston Hollow Community Capital (“PHCC”) completed the purchase of $51.65 million in tax-exempt and taxable revenue bonds issued through the California Municipal Finance Authority (“CMFA”) and the Dormitory Authority of the State of New York (“DASNY”) on behalf of AMDA College of the Performing Arts (“AMDA”).

Key Points: 
  • Preston Hollow Community Capital (“PHCC”) completed the purchase of $51.65 million in tax-exempt and taxable revenue bonds issued through the California Municipal Finance Authority (“CMFA”) and the Dormitory Authority of the State of New York (“DASNY”) on behalf of AMDA College of the Performing Arts (“AMDA”).
  • The financing, originated by PHCC, was comprised of $91.65 million of bonds -- $31.085 million of tax-exempt bonds plus $4.585 million of taxable bonds through CMFA, and $55.98 million of tax-exempt bonds through DASNY.
  • Proceeds from the issuance will be used to refinance existing bank debt and fund capital improvements at the New York City and Los Angeles campuses.
  • Nixon Peabody LLP served as underwriter’s Counsel and Locke Lord LLP acted as counsel to AMDA.

MCOMS celebrates 4 years of partnership with Allbridge

Retrieved on: 
Wednesday, June 28, 2023
Margaritaville, Hospitality, Montage, Partnership, Hospital Show, Ace, Booth, Dormitory, OTT, VOD, Name, Graduate, Senior living, Chromecast, Hotel, Lite

RALEIGH, N.C., June 28, 2023 /PRNewswire-PRWeb/ -- Throughout this journey, MCOMS has been proud to offer our cutting-edge B2B product suite, including HOTstream B2B Mosaic, Lite, and Standalone Casting, enabling Allbridge to deliver exceptional guest experiences across the United States. We are thrilled to commemorate four years of collaboration between MCOMS and Allbridge, as we reflect on the numerous successful projects that have shaped our B2B partnership, transforming the way guests interact with in-room entertainment and technology.

Key Points: 
  • MCOMS, a leading guest-facing solutions provider for the Hospitality industry, is celebrating 4 years of partnership with Allbridge, a leader in property technology solutions for Hospitality, Multifamily, Senior Living and Student Housing in the United States.
  • We are thrilled to commemorate four years of collaboration between MCOMS and Allbridge , as we reflect on the numerous successful projects that have shaped our B2B partnership, transforming the way guests interact with in-room entertainment and technology.
  • Our partnership has not only delivered exceptional results to more than 60 properties but also opened doors to innovation and limitless possibilities within the hospitality industry.
  • "We look forward to continuing to serve our customers with the highest level of quality and innovation, and we are excited to expand our reach with our partnership with MCOMS."

Pear VC Closes an Oversubscribed $432 Million Seed Fund

Retrieved on: 
Tuesday, May 30, 2023
Technology, Venture Capital, Business, Entrepreneur, Finance, Consumer, Professional Services, Artificial Intelligence, Other Technology, DEI (Diversity, Equity and Inclusion), Software, Internet, Hardware, Women, Aurora, Cloud, Circle, IPO, Marketing, DoorDash, Culture, Pear VC, Pear, Organization, Helmy Eltoukhy, Entrepreneurship, Investment, Google Cloud, Engineering, AI, VC, Environment, CPO, Female, Dormitory, Renewable energy, Video game, Affinity, Aurora Solar Car

Today, Pear VC (“Pear”) has announced that it closed its 4th fund, closing at $432 million.

Key Points: 
  • Today, Pear VC (“Pear”) has announced that it closed its 4th fund, closing at $432 million.
  • According to Prequin Ltd., Q4 2022 VC fundraising was down 65% from the previous year.1 This fundraising by Pear is one of the largest seed funds raised in recent years by a non-multistage fund, marking a bright spot in an otherwise choppy VC environment.
  • Pear’s Fund I is a top 5th percentile performing fund, in terms of net DPI.2 Pear was started by Pejman Nozad and Mar Hershenson in 2013.
  • With Fund IV, Pear looks to increase the size and scale of the Female Founders Circle program.

Sierra College Breaks Ground on Affordable Student Housing with Support from the State of California and Local Donors

Retrieved on: 
Tuesday, April 11, 2023
Marsh Creek State Park (California), Autumn, Interim, Food, Housing, ASSC, Education, Bed, Lieutenant, Sleep, Sierra College, Dormitory, Community college, Language, Financial endowment, Student, Investment, Trustee, Students' union, Transport, Cornell University Board of Trustees, Tutoring, Management, Nursing, Hospital

ROCKLIN, Calif., April 11, 2023 /PRNewswire-PRWeb/ -- Sierra College broke ground today on a campus-changing student housing complex that when completed will provide housing for more than 350 students. Construction of the student housing project is made possible through funding from the State of California and Sierra College general funds. Through careful planning, the monthly rent for most students will be substantially below market rate for the area. Additionally, with investments from members of the community, the cost of housing for students with the greatest need will be significantly decreased, in some cases down to no cost to the student. With the beginning of construction, substantial completion is scheduled for Summer, 2025 and expected occupancy for the Fall, 2025 semester.

Key Points: 
  • Construction of the student housing project is made possible through funding from the State of California and Sierra College general funds.
  • ROCKLIN, Calif., April 11, 2023 /PRNewswire-PRWeb/ -- Sierra College broke ground today on a campus-changing student housing complex that when completed will provide housing for more than 350 students.
  • Construction of the student housing project is made possible through funding from the State of California and Sierra College general funds.
  • Sierra College Student Housing Facts:
    Current available student housing beds: 120
    Total number of beds when complete: 358
    The new student housing at Sierra College will be a central part of the Rocklin campus, adjacent to the Student Union and Library/Learning Resource Center.

Juniper Networks Brings More Simplicity, Scale and Security to Enterprise Networking with Three-Step Campus Fabric Workflow and New EX Distribution Switch

Retrieved on: 
Tuesday, March 7, 2023
Technology, Mobile, Wireless, Security, Telecommunications, Software, Networks, Electronic Design Automation, Data Management, Artificial Intelligence, Cloud, Network, SD, IEEE 802.1AE, NYSE, VNA, EVPN, Student, Intelligence, Campus, Machine learning, EX, Gigabit Ethernet, Risk, Mist, Internet of things, Juniper Networks, Natural language, Juniper EX-Series, Headache, Magic Quadrant, JNPR, AI, GBP, Organization, Dormitory, MTTR, Artificial Intelligence for IT Operations, Network equipment provider, Video game, Customer service, Juniper

In addition, the new Juniper Networks EX4400-24X distribution switch delivers the power of Mist AI™ and the cloud to enterprise campus distribution deployments and low-density data center top-of-rack environments.

Key Points: 
  • In addition, the new Juniper Networks EX4400-24X distribution switch delivers the power of Mist AI™ and the cloud to enterprise campus distribution deployments and low-density data center top-of-rack environments.
  • These additions to Juniper’s award-winning wired switching portfolio bring even more scale, performance and security to the AI-driven enterprise.
  • Plus, Juniper’s new cloud native EX4400-24X distribution switch enables greater operational agility, scale and granular access control security policies.
  • When combined, the Juniper solution can deliver greater operational efficiencies, improved user experiences and enhanced security for the campus.”

Landmark Properties to Develop Purpose-Built Residential Community to Serve University of Southern California Students

Retrieved on: 
Wednesday, March 8, 2023
Macdonald, Shannon, BMO Stadium, Bed, Student, Campus of the University of Southern California, Autumn, USC, Dormitory, McDonald's, Landmark, Love, University, Banq, Recreation, Socialization, University of Southern California, Restaurant, Tier, Senior, Cryptocurrency, Management, Hotel, Newmark

Construction is scheduled to begin by the end of 2023 on the 435-unit community located 0.3 miles from The University of Southern California's campus.

Key Points: 
  • Construction is scheduled to begin by the end of 2023 on the 435-unit community located 0.3 miles from The University of Southern California's campus.
  • “We are excited to break ground on our first project at USC,” said Landmark President and CEO Wes Rogers.
  • "We are excited to break ground on our first project at USC," said Landmark President and CEO Wes Rogers.
  • The University of Southern California is the oldest private research university in the state and has an enrollment of 49,500 students.

Douglas Sitt Appointed as Executive Vice President and Head of Capital Markets at Vesper Holdings

Retrieved on: 
Tuesday, February 21, 2023
Vesper, Sitt, Investment, Entrepreneurship, Capital, Housing, Capital market, Growth, Dormitory, Cryptocurrency, Financial services

New York, NY, Feb. 21, 2023 (GLOBE NEWSWIRE) -- Vesper Holdings ("Vesper"), a privately-held real estate investment firm based in New York City, is pleased to announce the appointment of Douglas Sitt as Executive Vice President and Head of Capital Markets.

Key Points: 
  • New York, NY, Feb. 21, 2023 (GLOBE NEWSWIRE) -- Vesper Holdings ("Vesper"), a privately-held real estate investment firm based in New York City, is pleased to announce the appointment of Douglas Sitt as Executive Vice President and Head of Capital Markets.
  • In his new role, Sitt will oversee the company’s investments, fundraising efforts and manage its relationships with institutional investors and lenders.
  • Prior to joining Vesper Holdings, he most recently served as Co-Head of Student Housing at Rittenhouse Realty, a commercial real estate brokerage firm.
  • “We are thrilled to welcome Douglas to Vesper Holdings as our new Head of Capital Markets” said Elliot Tamir, Co-Founder and Co-CEO of Vesper Holdings.

Fannie Mae Multifamily Closes 2022 With $69 Billion in Volume

Retrieved on: 
Friday, January 27, 2023
LIHTC, White House Communications Agency, Delegate, Calendar, OTCQB, Partnership, Native Americans, Fannie Mae, Risk, American Seniors Housing Association, Investment, Low-Income Housing Tax Credit, Dormitory, DUS, Senior, Commercial property, Renewable energy, Real estate, TruAmerica Multifamily

WASHINGTON, Jan. 27, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) provided more than $69 billion in debt financing to support the multifamily market in 2022. Through our Delegated Underwriting and Servicing (DUS®) platform, along with our Low-Income Housing Tax Credit (LIHTC) equity, we delivered on our mission to provide access to affordable housing throughout the country.

Key Points: 
  • WASHINGTON, Jan. 27, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) provided more than $69 billion in debt financing to support the multifamily market in 2022.
  • Notably, Multifamily Affordable Housing volumes totaled $10.3 billion in 2022, up nearly 7 percent from $9.6 billion in 2021, while Structured Transactions and Student Housing increased from $5.7 billion to $10.3 billion (82.6 percent) and $0.9 billion to $1.2 billion (26 percent), respectively.
  • Fannie Mae was able to commit all of its $1.7 billion cap for calendar years 2021 and 2022 and these investments create or preserve more than 35,000 affordable units.
  • "We want to thank our DUS lenders for their partnership and helping us support the multifamily market," said Rob Levin, Senior Vice President and Multifamily Chief Customer Officer, Fannie Mae.

Parks Associates Announces Call for Papers for Inaugural Smart Spaces: Apartments, Hospitality, and Community Living, April 17-18 in Plano, Texas

Retrieved on: 
Wednesday, December 21, 2022
Internet, British Parking Association, App Store (iOS/iPadOS), Consumer, MDU, IOT, Digital media, Energy management, Future, Cox Communications, Health, CSA, Interview, Marketing, Dormitory, OTT, Conference, Senior, Arize, Multimedia, HOA, New business development, Community Living Ontario, OMICS Publishing Group, ROI, Research, SMB, Online shopping, Television, Hospitality, Homebase

DALLAS, Dec. 21, 2022 /PRNewswire/ -- Parks Associates today announced the topics and call for papers for its inaugural event, Smart Spaces: Apartments, Hospitality, and Community Living, being held in-person on April 17-18 at the Hilton Granite in Plano, Texas, and virtually July 20, October 5, and November 30. The firm's latest research on tech innovations and deployment in the multifamily, MDU (multi-dwelling unit), and SMB (small-to-medium business) markets finds 77% of property managers and building owners who have installed smart home devices report the added tech led to increased rents in their properties.

Key Points: 
  • The event features keynote speakers John Butrim , Vice President - Multifamily, HOA & Builder, ADT Multifamily, and Guillermo Rivas , Vice President of New Business Development, Cox.
  • Early sponsors include Vantiva, Arize, CSA, Cox Communities, The Nice Group, Rapid Response Monitoring, Homebase, and Cooktop Safety.
  • Parks Associates, a woman-owned and woman-led internationally recognized market research and consulting company, specializes in emerging technology solutions serving the consumer and small to medium business (SMB) markets.
  • Each year, Parks Associates hosts industry webcasts, Smart Spaces: Apartments, Hospitality, and Community Living, the CONNECTIONS™ Conference Series, Connected Health Summit, Smart Energy Summit: Engaging the Consumer, and Future of Video: OTT, Pay TV, and Digital Media.