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Thor Equities Group Chairman, Joe Sitt, Makes Guest Appearance on Bloomberg Markets to Discuss Inflation, Electric Vehicles, and More

Retrieved on:

Tuesday, April 9, 2024

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On Bloomberg Markets, Joe Sitt was asked about the competition among luxury retailers for properties, which he believes “tend to move cyclically with their stock prices and businesses”.

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On Bloomberg Markets, Joe Sitt was asked about the competition among luxury retailers for properties, which he believes “tend to move cyclically with their stock prices and businesses”.
Finally, and most remarkably, Joe Sitt discussed electric vehicles, range anxiety, and the Electreon stock which increased 400% since he first mentioned the company on Bloomberg Markets one year prior.
Governments across the world are prioritizing electric roads and the company won government issued tenders for electric roads in France, Sweden, Germany, Israel, Norway and China.
Thor became interested in the company due to the real estate aspect of parking lots and the solution to difficulties of individual recharging.

Thor Equities Group Chairman Joe Sitt on CNBC: “The Demand for Data Centers is Voracious”

Retrieved on:

Wednesday, February 28, 2024

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On Squawk on the Street, Joe Sitt shared his views on the rapid advancing of artificial intelligence that is driving the demand for data center storage.

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On Squawk on the Street, Joe Sitt shared his views on the rapid advancing of artificial intelligence that is driving the demand for data center storage.
To illustrate his point, Mr. Sitt referenced Thor Equities’ new development in Spain, which had an original budget of 400M Euros but quickly escalated to 2.6B Euros due to demand from a potential tenant.
Once office properties became stressed, Thor was able to free capital which allowed the company to chase industrial real estate and data centers, Thor’s largest convictions currently.
He concluded there may be light at the end of the tunnel and “offices could regenerate to its highest and best use, which may be data centers”.

Thor Equities Group Chairman, Joe Sitt, Makes Guest Appearance on Fox Business to Discuss Investing in the Commercial Real Estate Industry

Retrieved on:

Thursday, October 5, 2023

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New York, NY, Oct. 05, 2023 (GLOBE NEWSWIRE) -- Joe Sitt, Chairman of leading global real estate firm, Thor Equities Group, spoke with Fox Business’ Stuart Varney on October 5th to discuss the latest in commercial real estate, and which asset classes he considers to be most favorable in today’s market.

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New York, NY, Oct. 05, 2023 (GLOBE NEWSWIRE) -- Joe Sitt, Chairman of leading global real estate firm, Thor Equities Group, spoke with Fox Business’ Stuart Varney on October 5th to discuss the latest in commercial real estate, and which asset classes he considers to be most favorable in today’s market.
On Varney & Co., Joe Sitt reiterated his conviction in industrial real estate, referring to the sector as a "bright spot" compared to the struggling office sector.
Thor Equities has been a major investor in Mexico for years and Thor has built a robust portfolio of assets throughout Latin America.
Furthermore, Sitt touched on Thor Equities’ assets in the data center class which are benefitting from AI and demand for speed.

Thor Equities Group Chairman, Joe Sitt, Makes Guest Appearance on Bloomberg Markets to Discuss Current Real Estate Trends and Shares Insights on Investment Strategies During a War Economy

Retrieved on:

Friday, March 24, 2023

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However, Sitt said he continues to “chase the positives” and sees strength in co-working with strong occupancy rates across the nation.

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However, Sitt said he continues to “chase the positives” and sees strength in co-working with strong occupancy rates across the nation.
He also cited high occupancy rates in offices across Europe after a recent visit, representing economic recovery.
As a political investor, Mr. Sitt believes America is in a “war economy” which involves playing by a different set of rules.
On the other side, in terms of physical real estate where the opportunities will be, are in cash.

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

Retrieved on:

Tuesday, February 21, 2023

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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.

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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.

Thor Equities Group Continues Industrial Expansion in Greater Los Angeles Market

Retrieved on:

Thursday, December 1, 2022

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This latest acquisition represents the third industrial acquisition in the Greater Los Angeles region for Thor.

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This latest acquisition represents the third industrial acquisition in the Greater Los Angeles region for Thor.
Located in the West Inland Empire, one of the strongest industrial submarkets in the entire nation, 10516CommerceWay offers users a rare opportunity to access millions of consumers on the West Coast in record time, said Chairman of Thor Equities Group, JoeSitt.
Earlier last month, Thor acquired its fourth industrial property in the state of Georgia with the procurement of a 40-acre parcel in Adairsville.
Thor Equities is a leader in the development, leasing and management of office, industrial, laboratory, residential, hotel and mixed-use assets in premier urban locations worldwide.

Thor Equities Group Continues Industrial Expansion in Georgia

Retrieved on:

Wednesday, November 9, 2022

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We see tremendous potential in this site and expect its advantageous location alongside I-75 to appeal to a range of logistics operators, said Chairman of Thor Equities Group, JoeSitt.

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We see tremendous potential in this site and expect its advantageous location alongside I-75 to appeal to a range of logistics operators, said Chairman of Thor Equities Group, JoeSitt.
Thor Equities is currently leasing its neighboring industrial development, Gordon Logistics Center, a Class-A, ultramodern manufacturing/logistics facility with above-standard specifications.
Thor Equities has amassed a widespread industrial portfoliowith holdings in key markets in New Jersey, California, Georgia, Texas, Pennsylvania, and Illinois in the US; and Spain, France, the UK, and the Netherlands abroad.
Thor Equities is a leader in the development, leasing and management of office, industrial, laboratory, residential, hotel and mixed-use assets in premier urban locations worldwide.

Thor Equities Group Welcomes Velvet Taco to Wynwood Walk in Miami

Retrieved on:

Monday, September 19, 2022

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Miami, FL, Sept. 19, 2022 (GLOBE NEWSWIRE) -- Thor Equities Group, a global leader in urban real estate development, leasing and management, announced it has signed a long-term lease with trendsetting fast-casual restaurant, VelvetTaco, at Wynwood Walk in Miami.

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Miami, FL, Sept. 19, 2022 (GLOBE NEWSWIRE) -- Thor Equities Group, a global leader in urban real estate development, leasing and management, announced it has signed a long-term lease with trendsetting fast-casual restaurant, VelvetTaco, at Wynwood Walk in Miami.
A one-of-a-kindtacoconcept with an exciting and original menu,VelvetTacohas selected Wynwood Walk for their first location in Florida.
VelvetTacois an ideal fit for the vibrant Wynwood neighborhood and we are thrilled they have selected our development for their debut in Florida, said Chairman of Thor Equities Group, JoeSitt.
Thor Equities is a leader in the development, leasing and management of office, industrial, laboratory, residential, hotel and mixed-use assets in premier urban locations worldwide.

Thor Equities Group Announces Second Industrial Acquisition in Chicago

Retrieved on:

Friday, March 18, 2022

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Situated on 6-acres, Thor plans to develop a Class A, 109,000 square foot industrial building at the site.

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Situated on 6-acres, Thor plans to develop a Class A, 109,000 square foot industrial building at the site.
Thors latest acquisition on Tower Road signifies an opportunity to invest in a top-performing market and develop a best-in-class industrial asset.
We are longstanding believers in Chicago, as evidenced by our diverse portfolio throughout the city, and are pleased to announce plans for our first ground-up industrial development in the Midwest, said Chairman of Thor Equities Group, JosephSitt.
Thor has been increasingly active in the industrial sector and recently announced the acquisition of a key industrial asset in Northern New Jersey last month.

Global Gateway Alliance Releases Statement on LaGuardia Terminal Revitalization

Retrieved on:

Friday, February 4, 2022

New York, NY, Feb. 04, 2022 (GLOBE NEWSWIRE) -- Global Gateway Alliance Chairman Joe Sitt today released the following statements regarding the opening of LaGuardias new central Terminal.

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New York, NY, Feb. 04, 2022 (GLOBE NEWSWIRE) -- Global Gateway Alliance Chairman Joe Sitt today released the following statements regarding the opening of LaGuardias new central Terminal.
On behalf of Global Gateway Alliance, I am thrilled LaGuardias Terminal B refurbishment has reached completion.
When Global Gateway Alliance was established, LaGuardia was deemed one of the worst airports in the country and now features one of the finest airport terminals in the world.
In early 2013, Joe Sitt invested $1M to seed Global Gateway Alliance and make the much-needed improvements to LaGuardia, John F. Kennedy, and Newark Liberty International airports.