TORONTO, Nov. 14, 2023 (GLOBE NEWSWIRE) — Nexus Industrial REIT (the “REIT”) (TSX: NXR.UN) announced today its results for the quarter ended September 30, 2023. Highlights November 1 – acquired a 336,448 square foot industrial property located in London, Ontario for $55.8 million with $27.1 million of the purchase price being settled in units valued… [Read More]
The Real Brokerage to Present at Upcoming Investor Conferences
TORONTO & NEW YORK–(BUSINESS WIRE)–The Real Brokerage Inc. (NASDAQ: REAX), the fastest growing publicly traded real estate brokerage, today announced that its Chairman and Chief Executive Officer, Tamir Poleg, will present at the following investor conferences:
Stephens Annual Investment Conference:
Date: Tuesday, November 14, 2023
Time: 2:00 p.m. ET (1:00 p.m. CT)
Webcast link: https://wsw.com/webcast/stph34/reax/1832544
Needham 3rd Annual Consumer Tech / E-commerce Virtual Conference:
Date: Monday, November 20, 2023
Time: 12:00 p.m. ET
Webcast link: https://wsw.com/webcast/needham137/reax/2256336
Real’s remarks will be broadcast live and a replay will be available for one year at the links below, and by visiting the “Investors” section of www.onereal.com.
About Real
Real (NASDAQ: REAX) is a real estate experience company working to make life’s most complex transaction simple. The fast-growing company combines essential real estate, mortgage and closing services with powerful technology to deliver a single seamless end-to-end consumer experience, guided by trusted agents. With a presence throughout the U.S. and Canada, Real supports more than 12,000 agents who use its digital brokerage platform and tight-knit professional community to power their own forward-thinking businesses. Additional information can be found on its website at www.onereal.com.
Contacts
For additional information, please contact:
Ravi Jani
Vice President, Investor Relations and Financial Planning & Analysis
investors@therealbrokerage.com
908.280.2515
For media inquiries, please contact:
Elisabeth Warrick
Senior Director, Marketing, Communications & Brand
elisabeth@therealbrokerage.com
201.564.4221
Northview Residential REIT Announces Q3 2023 Financial Results, Including Successful Completion of the Recapitalization Event, Continued Strong Same Door Performance, and Improved FFO Payout Ratio
Not for distribution to U.S. newswire services or for dissemination in the United States. CALGARY, Alberta, Nov. 13, 2023 (GLOBE NEWSWIRE) — Northview Residential REIT (“Northview” or the “REIT”, formerly Northview Fund) (NRR.UN – TSX), today announced financial results for the three and nine months ended September 30, 2023. All amounts in this news release… [Read More]
Brookfield Property Partners Declares Quarterly Dividends on Listed Preferred Units
All dollar references are in U.S. dollars, unless noted otherwise. BROOKFIELD NEWS, Nov. 13, 2023 (GLOBE NEWSWIRE) — Brookfield Property Partners (“BPY” or the “Partnership”) announced today that the Board of Directors has declared quarterly distributions on the Partnership’s Class A Nasdaq-listed BPYPP, BPYPO, BPYPN and BPYPM (TSX: BPYP.PR.A) preferred units of $0.40625 per unit,… [Read More]
Achim Degen appointed to Chief Executive Officer of Colliers in Germany
Recognised industry expert with 34 years of experience LONDON, Nov. 13, 2023 (GLOBE NEWSWIRE) — Leading diversified professional services and investment management company Colliers (NASDAQ and TSX: CIGI) today announced Achim Degen, current Managing Director in Munich, has been appointed Chief Executive Officer (CEO) of Colliers in Germany, effective immediately, reporting to Davoud Amel-Azizpour, CEO,… [Read More]
Hudson Pacific Completes $455 Million Bentall Centre Loan Refinancing
LOS ANGELES–(BUSINESS WIRE)–Hudson Pacific Properties, Inc. (NYSE: HPP), a unique provider of end-to-end real estate solutions for tech and media tenants, announced today the successful refinancing of the loan secured by Bentall Centre, a 1.5 million-square-foot office property located in Vancouver, British Columbia and owned in partnership with Blackstone.
Upon the closing of this refinancing, Hudson Pacific has no debt maturities until December 2024. The new $454.8 million mortgage loan amount (reflects prior day foreign currency exchange rates from CAD) bears an interest rate of 230 basis points over CORRA, which the partnership swapped to a fixed rate of 4.36%, and matures in 2027. The loan was refinanced by the original international and domestic lending group led by RBC.
“In partnership with Blackstone, we are pleased to have successfully refinanced our loan secured by Bentall Centre, which underscores the quality of the asset and the associated strong operating performance,” said Chief Financial Officer, Harout Diramerian. “Hudson Pacific now has no debt maturities until December 2024, as we continue to take a strategic and multifaceted approach to fortifying our company’s balance sheet.”
“Bentall Centre is well positioned for the future, and we look forward to continuing to serve as a home for so many of Vancouver’s incredible companies,” said Chuck We, Executive Vice President, Pacific Northwest and Canada Office Operations.
Since acquiring the property in 2019, Hudson Pacific and Blackstone have made significant capital investments in Bentall Centre to ensure the campus remains a vibrant part of the downtown core. These include asset modernization, the addition or redesign of tenant-specific amenities, as well as the curation of publicly accessible outdoor plazas to incorporate an array of events, pop-up retailers and art exhibits, such as the recently installed OVERFLOW IV sculpture by world-renowned artist Jaume Plensa. The partnership also added programmable LED lighting to the tower crowns, making Bentall Centre a dynamic night-time landmark within the Vancouver skyline. During Blackstone and Hudson Pacific’s ownership, the property has maintained a leased rate of more than 90%.
About Hudson Pacific Properties
Hudson Pacific Properties (NYSE: HPP) is a real estate investment trust serving dynamic tech and media tenants in global epicenters for these synergistic, converging and secular growth industries. Hudson Pacific’s unique and high-barrier tech and media focus leverages a full-service, end-to-end value creation platform forged through deep strategic relationships and niche expertise across identifying, acquiring, transforming and developing properties into world-class amenitized, collaborative and sustainable office and studio space. For more information visit HudsonPacificProperties.com.
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as “may,” “will,” “should,” “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” or “potential” or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events, or trends and that do not relate solely to historical matters. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond the company’s control, which may cause actual results to differ significantly from those expressed in any forward-looking statement. All forward-looking statements reflect the company’s good faith beliefs, assumptions and expectations, but they are not guarantees of future performance. Furthermore, the company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. For a further discussion of these and other factors that could cause the company’s future results to differ materially from any forward-looking statements, see the section entitled “Risk Factors” in the company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission, or SEC, and other risks described in documents subsequently filed by the company from time to time with the SEC.
Contacts
Investor Contact
Laura Campbell
Executive Vice President, Investor Relations & Marketing
(310) 622-1702
lcampbell@hudsonppi.com
Media Contact
Laura Murray
Senior Director, Communications
(310) 622-1781
lmurray@hudsonppi.com
Demolition Underway at Devron Developments’ New Downtown Project, 101 Spadina
– Located at Spadina Avenue and Adelaide Street, 101 Spadina will include a 38-storey building next to a brand new public park –
– Click here to access 101 Spadina park renderings and demolition photos –
TORONTO–(BUSINESS WIRE)–Devron Developments (Devron), one of Toronto’s leading residential home builders passionate about creating high quality, long-term livable condominiums (condos), has begun demolition on its latest project site, 101 Spadina. Devron’s new 38-storey pre-construction development project located on Toronto’s largest avenue – at the southeast corner of Spadina Avenue and Adelaide Street – is set to deliver livable condos and timeless architecture to Toronto’s downtown core.
Demolition work started in late October, paving the way for the next milestone in the project, geothermal drilling, which is set to begin in the new year. This sustainable energy source will not only reduce carbon emissions but also provide cost savings for homeowners in the long term. In addition to offering sustainable benefits, as part of Devron’s commitment to creating vibrant and inclusive communities, Devron will provide the City with a 10,000 sq. ft. public park adjacent to the development site. Accessible to both 101 Spadina homeowners and the public, the park will provide a much-cherished green space in the downtown area. Click here to access 101 Spadina park renderings and demolition photos.
“Beyond this demolition milestone, we’re excited by the opportunity to deliver homes and architecture that is deserving of Toronto and the impact we hope this project will have on 101 Spadina’s future homeowners and the surrounding community,” said Pouyan Safapour, President of Devron. “We’re also thrilled that as part of this project, we have the opportunity to create a 10,000 sq. ft. public park. We know proximity to greenery and third spaces are of high importance to people and families. That’s why our goal is to create spacious and livable homes, and the addition of this park will only enhance our vision of redefining what downtown living looks like.”
Sales for 101 Spadina are set to launch next year, with a focus on end users looking for high-quality and livable homes in the downtown core. 101 Spadina is redefining livability in downtown Toronto. Visit 101spadina.com to register and receive the most up-to-date project information.
About Devron Developments
Devron Developments (Devron) is an award-winning residential home builder, passionate about positively impacting people’s lives and experiences by creating long-term livable spaces in the Greater Toronto Area. With a portfolio of notable condominiums like The Vanguard, The Winslow, and the upcoming 101 Spadina, Devron is committed to elevating communities through thoughtful architecture that enhances the cityscape, and high-quality buildings with a focus on livability, and sustainability. With nearly one million square feet of mixed-use property under development, Devron strives to create homes and inspiring spaces for end-users that are tailored to their neighbourhoods. Discover more by visiting www.devron.com.
Contacts
For more information:
Kayla Ciaschi
Talk Shop
647-985-9109
kayla@talkshopmedia.com
OfficeSpace Releases Workplace Intelligence Technology to Benchmark Office Utilization & Drive Return-to-Office (RTO) Strategy
The technology helps facility and corporate real estate teams optimize real estate portfolios and operational expenses while improving hybrid work culture
ALPHARETTA, Ga.–(BUSINESS WIRE)–#deskbooking—OfficeSpace Software (“OfficeSpace”), the top-rated workplace management software on G2’s software review site today announced the release of its Workplace Intelligence solution to help teams track and benchmark utilization data across real estate portfolios in real-time.
Workplace Intelligence by OfficeSpace automates the collection, management, and data visualization of WiFi, badge, and desk booking data sources in intuitive cloud dashboards powered by Looker, a Gartner Magic Quadrant Challenger for analytics. Facility managers, heads of corporate real estate, and workplace experience strategists use the solution to make data-driven decisions about their real estate and employee experience strategies.
The technology saves users 3 – 10 hours a week by automating data collection and analysis workflows and eliminates data inaccuracies–increasing time for strategic decision-making and delivering a positive ROI across multiple business functions, from real estate to HR.
“We built Workplace Intelligence to help our clients understand where they can expand or contract their real estate footprint, refine their return-to-office (RTO) strategies, plan for spikes in attendance, reduce operational expenses, and boost employee engagement,” explains Andres Avalos, Chief Product Officer at OfficeSpace.
“Workplace Intelligence is a strategic asset for executive teams navigating unprecedented change in employee experience and workplace management,” shares Erin Mulligan Helgren, CEO of OfficeSpace. “This technology provides objective data to drive decisions that positively impact the bottom line and company culture.”
Workplace Intelligence uses advanced dashboards to benchmark employee presence by Site, Department, Employee Type, and Time by collating presence data from WiFi, badge, and desk booking sources. The solution helps teams understand which locations are most utilized, what percentage of their workforce is in-office, remote, or hybrid, which days and times have the highest and lowest attendance, and which employees are on-site on a given day. It also helps teams understand when to schedule employee events and services, and forecast new site selections. Analysts can drill down into the data, export and collate it with other data sets, and schedule recurring reports to keep stakeholders informed about utilization patterns to drive strategic decision-making.
“In today’s dynamic work environment, transparency and communication are key,” says Andres Avalos, Chief Product Officer. “Workplace Intelligence helps leaders have data-driven conversations with employees about their RTO strategies and ultimately supports teams in creating employee experiences that attract and retain top talent.”
The solution heralds a new chapter of innovation from the IWMS and Workplace Experience Application leader which was founded in 2008 and has recently added expert executives with specialized expertise in AI, Data, and B2C User Experience, including new Chief Executive Officer, Erin Mulligan Helgren, formerly of Bonterra/Social Solutions, Calytera, SunPower, Bazaarvoice, and Dell, Chief Product Officer, Andres Avalos, formerly of User Testing and IBM Watson, Mark Masters, Chief Financial Officer, formerly of Salesforce, Jask, Tact.AI, and HopIn, Heather Larrabee, formerly of GoSpotCheck AI, FORM, and Whole Foods Market-Amazon, Yoni Rouache, Chief Sales Officer, formerly of IBM, Varicent, and Target, and Sahara Muradi, VP of Product, formerly of MLB, Marriott Bonvoy, and CVent.
OfficeSpace is offering self-guided product tours and live weekly webinars showcasing Workplace Intelligence in action with Q&A. To register or for more information click here.
About OfficeSpace Software
OfficeSpace is the workplace management platform enabling the future of work, with software that helps teams plan, connect, and perform in the hybrid workplace. 1,600 of the world’s top organizations use OfficeSpace to get the most out of their space and connect the people in it, with intuitive space planning, desk and room booking, employee wayfinding, visitor management, and workplace intelligence. OfficeSpace is named Easiest to Use, Best Meets Requirements, Users Most Likely to Recommend, and Overall Leader, Fall 2023 on G2’s enterprise software review site. OfficeSpace was also featured as a top supplier in Gartner’s 2023 Market Guide for Workplace Experience Applications. The company is backed by Vista Equity Partners and Resurgens Technology Partners. Follow OfficeSpace on LinkedIn, @OfficeSpace Software.
Contacts
OfficeSpace Software Media Contact
Heather Larrabee, Chief Marketing Officer
1 (770) 728-8118
press@officespacesoftware.com
Melcor Developments announces third quarter results, declares quarterly dividend of $0.16 per share
EDMONTON, Alberta, Nov. 08, 2023 (GLOBE NEWSWIRE) — Melcor Developments Ltd. (TSX: MRD), an Alberta-based real estate development and asset management company, today reported results for the third quarter and nine months ended September 30, 2023. The third quarter Management Discussion & Analysis (MD&A) and Condensed Interim Financial Statements are available on our website (www.melcor.ca) under… [Read More]
Firm Capital Apartment REIT Reports Q3/2023 Results and Provides Strategic Review Update
All figures in $USD unless otherwise noted. TORONTO, Nov. 08, 2023 (GLOBE NEWSWIRE) — Firm Capital Apartment Real Estate Investment Trust (“the “Trust”), (TSXV: FCA.U), (TSXV: FCA.UN) is pleased to report its financial results for the three and nine months ended September 30, 2023 as well as provide an update regarding the previously announced Strategic… [Read More]
CAPREIT Reports Third Quarter 2023 Results
TORONTO, Nov. 08, 2023 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX: CAR.UN) announced today strong operating and financial results for the three and nine months ended September 30, 2023. Management will host a conference call to discuss the financial results on Thursday, November 9, 2023 at 9:00 a.m. ET. HIGHLIGHTS… [Read More]
SmartCentres Real Estate Investment Trust Releases Third Quarter Results For 2023
TORONTO, Nov. 08, 2023 (GLOBE NEWSWIRE) — SmartCentres Real Estate Investment Trust (“SmartCentres”, the “Trust” or the “REIT”) (TSX: SRU.UN) is pleased to report its financial and operating results for the quarter ended September 30, 2023. “Building on a successful first half of the year, we are pleased to report stronger performances in all areas of… [Read More]
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