Collier

Colliers International Group Inc. Completes US$300 Million Bought Deal Public Offering of Equity

Retrieved on: 
Wednesday, February 28, 2024

TORONTO, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (TSX and NASDAQ: CIGI) (“Colliers” or the “Company”) is pleased to report that it has closed its previously announced bought deal public offering of 2,479,500 subordinate voting shares (the “Subordinate Voting Shares”), at a price of US$121.00 per Subordinate Voting Share for gross proceeds of US$300.0 million (the “Offering”) with a syndicate of underwriters led by BMO Capital Markets and J.P. Morgan as joint bookrunners, and including Mizuho, National Bank Financial, RBC Capital Markets, Scotiabank, Merrill Lynch, BTIG, LLC, CIBC Capital Markets, Goldman Sachs, Raymond James, TD Securities, Wells Fargo and Stifel Nicolaus (the “Underwriters”).

Key Points: 
  • TORONTO, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (TSX and NASDAQ: CIGI) (“Colliers” or the “Company”) is pleased to report that it has closed its previously announced bought deal public offering of 2,479,500 subordinate voting shares (the “Subordinate Voting Shares”), at a price of US$121.00 per Subordinate Voting Share for gross proceeds of US$300.0 million (the “Offering”) with a syndicate of underwriters led by BMO Capital Markets and J.P. Morgan as joint bookrunners, and including Mizuho, National Bank Financial, RBC Capital Markets, Scotiabank, Merrill Lynch, BTIG, LLC, CIBC Capital Markets, Goldman Sachs, Raymond James, TD Securities, Wells Fargo and Stifel Nicolaus (the “Underwriters”).
  • Colliers has granted the Underwriters an option, exercisable at the offering price for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering to cover over-allotments, if any.
  • The net proceeds of the Offering will be used to repay balances outstanding on the Company’s credit facility and are intended to create additional capacity to fund potential future acquisition opportunities and growth initiatives, and for general corporate purposes.
  • No securities regulatory authority has either approved or disapproved of the contents of this news release.

Colliers International Group Inc. Announces US$300 Million Bought Deal Public Offering of Equity

Retrieved on: 
Thursday, February 22, 2024

Colliers has granted the Underwriters an option, exercisable at the offering price for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering to cover over-allotments, if any.

Key Points: 
  • Colliers has granted the Underwriters an option, exercisable at the offering price for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering to cover over-allotments, if any.
  • The Offering is expected to close on or about February 28, 2024.
  • Subordinate Voting Shares may also be offered on a private placement basis in other international jurisdictions in reliance on applicable private placement exemptions.
  • Copies of the applicable offering documents, when available, can be obtained free of charge under the Company’s profile on SEDAR+ at www.sedarplus.com and EDGAR at www.sec.gov.

Green Street’s Real Estate Alert Proclaims: Smaller-Sales Still Outperformed in 2023

Retrieved on: 
Wednesday, February 21, 2024

Green Street’s Real Estate Alert has released its annual ranking of brokers representing sellers of assets priced between $5 and $25 million, or private-capital real estate market transactions.

Key Points: 
  • Green Street’s Real Estate Alert has released its annual ranking of brokers representing sellers of assets priced between $5 and $25 million, or private-capital real estate market transactions.
  • The rankings across multiple property types were published in the Feb. 20 Real Estate Alert special supplement, a culmination of the publication’s 2023 broker rankings in the institutional marketplace (deals over $25 million).
  • View the full release here: https://www.businesswire.com/news/home/20240221510535/en/
    New Real Estate Alert!
  • Download the Real Estate Alert Special Supplement for the full 2023 rankings and analysis of deals valued between $5 million and $25 million.

D2L Expands Leadership Team

Retrieved on: 
Wednesday, March 6, 2024

"We are thrilled to welcome Amy and Lee to the D2L executive leadership team," said John Baker, CEO and Founder of D2L.

Key Points: 
  • "We are thrilled to welcome Amy and Lee to the D2L executive leadership team," said John Baker, CEO and Founder of D2L.
  • Amy's appointment is a strong addition to our team, and we look forward to her work in building a company culture in which talent thrives.
  • With over a decade at D2L, most recently as Senior Vice President, Sales & Customer Success, Lee brings a wealth of experience from within the organization.
  • Lee's accomplishments at D2L, coupled with his background in sales at BlackBerry, help equip him to drive revenue growth and go-to-market excellence globally.

Yamin Shihab appointed as the Managing Director for Colliers Project Leaders- Middle East

Retrieved on: 
Thursday, February 22, 2024

DUBAI, UAE, Feb. 22, 2024 /PRNewswire/ -- Well-known diversified real estate services provider, Colliers Project Leaders- Middle East, has elevated Yamin Shihab to Managing Director.

Key Points: 
  • DUBAI, UAE, Feb. 22, 2024 /PRNewswire/ -- Well-known diversified real estate services provider, Colliers Project Leaders- Middle East, has elevated Yamin Shihab to Managing Director.
  • Yamin joined the firm in 2011 in Calgary, Canada, and went on to lead the Middle East business of Colliers Project Leaders in 2015.
  • "The next growth phase of Colliers Project Leaders- Middle East is an exciting one, and Yamin is the apt leader to steer the business ahead.
  • I am confident that Yamin will continue to mentor our talent, cultivate business relations, and unlock higher value for the firm," says Sankey Prasad, Chairman & MD, India & Middle East- Colliers Project Leaders.

Yamin Shihab appointed as the Managing Director for Colliers Project Leaders- Middle East

Retrieved on: 
Thursday, February 22, 2024

DUBAI, UAE, Feb. 22, 2024 /PRNewswire/ -- Well-known diversified real estate services provider, Colliers Project Leaders- Middle East, has elevated Yamin Shihab to Managing Director.

Key Points: 
  • DUBAI, UAE, Feb. 22, 2024 /PRNewswire/ -- Well-known diversified real estate services provider, Colliers Project Leaders- Middle East, has elevated Yamin Shihab to Managing Director.
  • Yamin joined the firm in 2011 in Calgary, Canada, and went on to lead the Middle East business of Colliers Project Leaders in 2015.
  • "The next growth phase of Colliers Project Leaders- Middle East is an exciting one, and Yamin is the apt leader to steer the business ahead.
  • I am confident that Yamin will continue to mentor our talent, cultivate business relations, and unlock higher value for the firm," says Sankey Prasad, Chairman & MD, India & Middle East- Colliers Project Leaders.

Kayne Anderson Real Estate Appoints Lee Asher as Senior Managing Director and Head of Medical Office Building Real Estate

Retrieved on: 
Wednesday, February 21, 2024

BOCA RATON, Fla., Feb. 21, 2024 /PRNewswire/ -- Kayne Anderson Real Estate today announced that Lee Asher has joined the firm as a Senior Managing Director and Head of Medical Office Real Estate.

Key Points: 
  • BOCA RATON, Fla., Feb. 21, 2024 /PRNewswire/ -- Kayne Anderson Real Estate today announced that Lee Asher has joined the firm as a Senior Managing Director and Head of Medical Office Real Estate.
  • In his new role, Mr. Asher will lead Kayne Anderson Real Estate's Medical Office strategy across all funds.
  • Kayne Anderson CEO and Kayne Anderson Real Estate Co-Founder and CEO Al Rabil commented, "We have worked closely with Lee for many years and have always respected his deep understanding and knowledge of the healthcare real estate ecosystem.
  • In 2013, Mr. Asher was named the "Healthcare Real Estate Executive of the Year" by Healthcare Real Estate Insights™ (HREI).

Burlington Stores, Inc. Expands by 67,865 Square Feet to Occupy a Total of 170,763 Square Feet at 1400 Broadway

Retrieved on: 
Thursday, February 8, 2024

Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that Burlington Stores, Inc. signed an expansion lease for an additional 67,865 square feet of office space across two full floors at 1400 Broadway.

Key Points: 
  • Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that Burlington Stores, Inc. signed an expansion lease for an additional 67,865 square feet of office space across two full floors at 1400 Broadway.
  • With this expansion, Burlington will occupy a total of 170,763 square feet within ESRT’s portfolio across five full floors, with a new 16-year lease term for the expansion space coterminous with the current office space.
  • View the full release here: https://www.businesswire.com/news/home/20240208772474/en/
    After an initial deal in 2010 for 35,182 square feet, Burlington has expanded with ESRT three times at 1400 Broadway for 135,581 additional square feet of space.
  • Shanae Ursini, Scott Klau, Neil Rubin, and Erik Harris represented the property owner.

Virtú Investments Acquires Multifamily Property via Contribution into Virtú Evergreen Fund, L.P.

Retrieved on: 
Monday, February 5, 2024

The property, sold by Rio Properties and brokered by Colliers, is the latest transaction in Virtú Investments’ contribution program.

Key Points: 
  • The property, sold by Rio Properties and brokered by Colliers, is the latest transaction in Virtú Investments’ contribution program.
  • Through the program, owners can contribute a property to the Virtú Evergreen Fund, L.P., which utilizes the IRS Section 721 mechanism to provide the seller with a tax-free contribution and in turn receive equivalent interest in the full portfolio of the Virtú Evergreen Fund.
  • Today’s announcement is the third multifamily property contribution into the fund.
  • “This acquisition highlights the Evergreen Fund’s unique contribution opportunities that support asset owners navigating the disposition and reinvestment process,” said Michael Green, Principal of Virtú Investments.

Nordstrom Rack to Open New Location in Fort Myers, Florida

Retrieved on: 
Thursday, January 25, 2024

(NYSE: JWN) announced plans to open a new Nordstrom Rack in Fort Myers, Florida in fall 2024.

Key Points: 
  • (NYSE: JWN) announced plans to open a new Nordstrom Rack in Fort Myers, Florida in fall 2024.
  • The 31,000-square-foot store will be located at Bell Tower , a landmark shopping, dining and entertainment destination centrally located in Fort Myers, Florida.
  • "Bell Tower is incredibly pleased to welcome Nordstrom Rack to the Fort Myers community," says Jim Brennan, General Manager for the shopping center.
  • The company operates six Nordstrom stores and 19 Nordstrom Rack stores in Florida, generating more than 2,600 jobs statewide.