Commercial Building & Real Estate

JBG SMITH Announces Date of First Quarter 2024 Results

Retrieved on: 
Tuesday, April 9, 2024
Technology, Residential Building & Real Estate, Other Technology, Commercial Building & Real Estate, 5G, Construction & Property, Building Systems, SMITH, JBG

JBG SMITH (NYSE: JBGS), a leading owner and developer of high-quality, mixed-use properties in the Washington, DC market, today announced that it will report first quarter 2024 financial results after the close of trading on April 30, 2024.

Key Points: 
  • JBG SMITH (NYSE: JBGS), a leading owner and developer of high-quality, mixed-use properties in the Washington, DC market, today announced that it will report first quarter 2024 financial results after the close of trading on April 30, 2024.
  • The Company’s quarterly investor package, including its earnings release, will be available in the Investor Relations section of its website at investors.jbgsmith.com .

The Present and Future of Proptech: Charting a Clearer Path in Murky Markets

Retrieved on: 
Tuesday, April 9, 2024
Banking, Technology, Professional Services, Data Analytics, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Other Technology, Software, Building Systems, Other Professional Services, Internet, Data Management, Finance, Fintech, Artificial Intelligence, Automation, ROI, VLY, Growth, General partnership, Pitch book, Bank, AI, Investment, Future, Corporation, Renewable energy

The report was developed in collaboration with Pitchbook, Chris Green, Founder and CEO of GreenPoint Partners and Zak Schwarzman, General Partner, MetaProp.

Key Points: 
  • The report was developed in collaboration with Pitchbook, Chris Green, Founder and CEO of GreenPoint Partners and Zak Schwarzman, General Partner, MetaProp.
  • The majority of 2023 industry-wide investment in Proptech - 70 percent - was in venture capital with 144 deals closed for a combined value of $2.9 billion.
  • This was a sharp decline from 2022 as the pace of deal making in Proptech was impacted by the general slowdown in most other asset classes.
  • “This decline can be attributed to a number of economic and geopolitical factors,” said Tom Iadanza, President, Valley Bank.

Slice Expands to 47 States + D.C. with PHLY AM Best A++ Rated Contractors General Liability Insurance

Retrieved on: 
Tuesday, April 9, 2024
Building Systems, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Insurance, Technology, Small Business, Professional Services, Urban Planning, Other Technology, REIT, Landscape, Interior Design, Networks, Architecture, Other Construction & Property, Partnership, AM Best, General contractor, Life insurance

Slice Labs Inc (Slice), a pioneering technology company revolutionizing insurance solutions for small businesses, proudly announces its expansion into 7 additional states and the District of Columbia with Philadelphia Insurance (PHLY) backed AM Best A++ rated Contractors General Liability small business insurance product, now providing coverage in a total of 47 states; all but Kentucky, Louisiana and New York.

Key Points: 
  • Slice Labs Inc (Slice), a pioneering technology company revolutionizing insurance solutions for small businesses, proudly announces its expansion into 7 additional states and the District of Columbia with Philadelphia Insurance (PHLY) backed AM Best A++ rated Contractors General Liability small business insurance product, now providing coverage in a total of 47 states; all but Kentucky, Louisiana and New York.
  • Slice continues to set the standard in the industry with its fully digital small business insurance offering, featuring PHLY’s top-rated contractors general liability product.
  • This expansion enables agents to provide coverage for over 60 class codes in 47 states plus the District of Columbia.
  • With this latest milestone, Slice reaffirms its commitment to near-nationwide accessibility and superior insurance protection for small businesses across the United States.

GeoVera Announces Combination of Its Insurance Carriers with SafePort Insurance Company to Create GeoVera Nova Holdings; Will Simultaneously Sell MGA to SageSure

Retrieved on: 
Tuesday, April 9, 2024
Professional Services, Residential Building & Real Estate, Insurance, Commercial Building & Real Estate, Finance, Construction & Property, Asset Management, AXA, Growth, CFO, Partnership, LLP, Nasrin, Kirkland & Ellis, MGA, Reinsurance

GeoVera Insurance Holdings, Ltd. (“GeoVera”), a leading provider of specialty property insurance, today announced that it has entered into a definitive agreement to sell its insurance carriers and managing general agent (“MGA”) businesses.

Key Points: 
  • GeoVera Insurance Holdings, Ltd. (“GeoVera”), a leading provider of specialty property insurance, today announced that it has entered into a definitive agreement to sell its insurance carriers and managing general agent (“MGA”) businesses.
  • Upon completion of the transactions, a newly formed entity, GeoVera Nova Holdings, Inc. (“GeoVera Nova”), will control four insurance operating subsidiaries: GeoVera Insurance Company, GeoVera Specialty Insurance Company, Coastal Select Insurance Company, and SafePort Insurance Company (“SafePort”), a property-focused insurance carrier.
  • Additionally, the MGA operations of GeoVera will be acquired by SageSure, one of the largest independent MGAs focused on catastrophe-exposed markets, and GeoVera Nova will become a carrier partner of SageSure.
  • John Forney and Brian Sheekey, currently CEO and CFO, respectively, of GeoVera, will continue in the same roles at GeoVera Nova.

LP Building Solutions Expands LP NovaCore® Thermal Insulated Sheathing Line for More Energy-Efficient Homes

Retrieved on: 
Tuesday, April 9, 2024
Home Goods, Residential Building & Real Estate, Building Systems, Retail, Commercial Building & Real Estate, Construction & Property, Green Technology, Manufacturing, Environment, Forest Products, Natural Resources, Other Manufacturing, Interior Design, Architecture, Other Construction & Property, XPS, OSB, Multimedia, R5, LP, Engineered wood

LP Building Solutions (LP), a leading manufacturer of high-performance building products, today announced a significant expansion in its LP NovaCore® Thermal Insulated Sheathing line.

Key Points: 
  • LP Building Solutions (LP), a leading manufacturer of high-performance building products, today announced a significant expansion in its LP NovaCore® Thermal Insulated Sheathing line.
  • View the full release here: https://www.businesswire.com/news/home/20240409840073/en/
    LP NovaCore® Thermal Insulated Sheathing line expands with the addition of R3 and R7 thickness options.
  • Featuring cutting-edge Owens Corning® FOAMULAR® NGX™ XPS foam, these panels can strengthen thermal resistance and help shield homes against fluctuating temperatures.
  • “Expanding our range of insulated sheathing reflects LP’s dedication to meeting the evolving needs of builders,” said LP NovaCore Product Manager Billy Webb.

SageSure to Acquire GeoVera MGA, Including GeoVera’s Industry-Leading Underwriting Franchise in Residential Earthquake Risk

Retrieved on: 
Tuesday, April 9, 2024
Professional Services, Residential Building & Real Estate, Insurance, Commercial Building & Real Estate, Finance, Construction & Property, Ares Management, Partnership, Wind, E&S, Willkie Farr & Gallagher, MGA, Reinsurance

Upon the transaction’s completion, SageSure will assume the underwriting operations of GeoVera MGA’s best-in-class residential earthquake franchise.

Key Points: 
  • Upon the transaction’s completion, SageSure will assume the underwriting operations of GeoVera MGA’s best-in-class residential earthquake franchise.
  • With the addition of the GeoVera MGA’s deep earthquake expertise, the transaction will further enhance SageSure’s robust catastrophe risk underwriting capabilities and accelerate its entrance into new markets, including Oregon and Washington.
  • “We are excited to enter into an agreement that solidifies SageSure as one of the leading underwriters of catastrophe-exposed property risk in the US.
  • “We are proud to partner with SageSure on this innovative transaction,” said John Forney, President and CEO of GeoVera.

Catalyst Investment Partners Closes $186.9 Million in LP Commitments for Catalyst IOS Fund II

Retrieved on: 
Tuesday, April 9, 2024
Consulting, Residential Building & Real Estate, Commercial Building & Real Estate, Urban Planning, Construction & Property, REIT, Professional Services, Transport, Logistics, Supply Chain Management, Other Construction & Property, Finance, Trust, IOS, Fund, Marketing, Growth, Catalysis, LP record, Entrepreneurship

Catalyst Investment Partners, a leading IOS-focused investment manager, announced today it has held a final close of Catalyst IOS Fund II (“Fund II” or the “Fund”) oversubscribed with $186.9 million in LP commitments.

Key Points: 
  • Catalyst Investment Partners, a leading IOS-focused investment manager, announced today it has held a final close of Catalyst IOS Fund II (“Fund II” or the “Fund”) oversubscribed with $186.9 million in LP commitments.
  • Fund II received broad-based institutional interest both domestically and internationally, surpassing the $150 million fundraise target.
  • The Fund is the second in the firm’s IOS Fund Series focused on densely populated, infill industrial markets with high barriers to entry.
  • Fund II will grow the Catalyst IOS portfolio to over $500 million in gross asset value, made possible by the firm’s 20-person team dedicated purely to IOS.

Easterly Government Properties Schedules First Quarter 2024 Earnings Release and Conference Call

Retrieved on: 
Tuesday, April 9, 2024
Courts, White House, Federal Government, Public Policy, Government, Commercial Building & Real Estate, Construction & Property, REIT, DEA, PIN

Easterly Government Properties, Inc. (NYSE: DEA) today announced that the Company will release its first quarter 2024 financial results on April 30, 2024.

Key Points: 
  • Easterly Government Properties, Inc. (NYSE: DEA) today announced that the Company will release its first quarter 2024 financial results on April 30, 2024.
  • A conference call will be held Tuesday, April 30, 2024, at 11:00am Eastern time.
  • The management team will review first quarter performance, discuss recent events and conduct a question-and-answer session.
  • There will also be a live audio, listen-only webcast of the call on the Investor Relations section of Easterly’s Investor Relations website at ir.easterlyreit.com .

HappyCo Unveils AI-Powered Centralized Maintenance Platform

Retrieved on: 
Tuesday, April 9, 2024
Software, Supply Chain Management, Professional Services, Technology, Residential Building & Real Estate, Commercial Building & Real Estate, Small Business, Artificial Intelligence, Construction & Property, Retail, Human Resources, Building Systems, Principal, Automation, Attention, Acquisition, AI, Catalog, Boardwalk, Integrated operations

HappyCo announced today the debut of Centralized Maintenance , marking an industry-first step towards transforming maintenance operations from a challenge into a strategic advantage for multifamily property owners and managers.

Key Points: 
  • HappyCo announced today the debut of Centralized Maintenance , marking an industry-first step towards transforming maintenance operations from a challenge into a strategic advantage for multifamily property owners and managers.
  • Drawing on direct industry feedback and a proven track record of nearly 4 million units served, HappyCo introduces Centralized Maintenance to meet demonstrable demand.
  • With Centralized Maintenance, operators can optimize maintenance team efficiency, leading to cost savings and strategic spend management.
  • Now, property owners and managers, onsite teams, and technicians can tap into the power of centralized maintenance and AI with HappyCo already looking ahead.

Walker & Dunlop HUD Team Finances Over $135 Million for Six Rhode Island Properties in Six Months

Retrieved on: 
Tuesday, April 9, 2024
Commercial Building & Real Estate, Construction & Property, Finance, Public Relations, Investor Relations, Urban Planning, Communications, Professional Services, Building Systems, Other Construction & Property, Residential Building & Real Estate, Walker & Dunlop, Growth, Partnership, FHA, MAP, Housing, Multimedia, DSCR, HUD

Walker & Dunlop, Inc. announced today that it arranged $135,323,400 in HUD loans for six multifamily properties in Rhode Island between October 2023 and February 2024.

Key Points: 
  • Walker & Dunlop, Inc. announced today that it arranged $135,323,400 in HUD loans for six multifamily properties in Rhode Island between October 2023 and February 2024.
  • The team worked alongside the U.S. Department of Housing and Urban Development (HUD) to complete the financing.
  • View the full release here: https://www.businesswire.com/news/home/20240409630799/en/
    The Walker & Dunlop HUD Financing team, led by Chris Rumul , served as exclusive advisors to the client, Carpionato Group, and successfully arranged all six loans.
  • Carpionato Group is a longtime HUD client of Walker & Dunlop, with six HUD-insured loans currently in the company’s servicing portfolio.