Sun Belt

Multifamily Veteran JoAnn Blaylock Joins Birchstone Residential as President

Retrieved on: 
Mercredi, mai 1, 2024
Jo-Ann Stores, Greystar Real Estate Partners, ALM (company), Culture, Environment, Acquisition, Sun Belt, Growth, Management

COPPELL, Texas, May 1, 2024 /PRNewswire/ -- Birchstone Residential, a culture-based property management company focused on creating a great place for residents to call home and for associates to grow their careers, today announced the addition of veteran multifamily executive JoAnn Blaylock as president. The venerable Blaylock joins Birchstone, which serves as the in-house property arm of Ashcroft Capital, to guide the growing company with her comprehensive experience, expertise and dynamic leadership style.

Key Points: 
  • COPPELL, Texas, May 1, 2024 /PRNewswire/ -- Birchstone Residential , a culture-based property management company focused on creating a great place for residents to call home and for associates to grow their careers, today announced the addition of veteran multifamily executive JoAnn Blaylock as president.
  • The venerable Blaylock joins Birchstone, which serves as the in-house property arm of Ashcroft Capital, to guide the growing company with her comprehensive experience, expertise and dynamic leadership style.
  • Blaylock has an extensive multifamily resume and most recently served as president of Quarterra Living, the property management arm of Lennar Corporation's multifamily division.
  • Blaylock helped launch the property management division in 2014 and was responsible for the strategic direction and operation of Quarterra's nationwide portfolio.

Trepp and Commercial Real Estate Direct Release Q1 2024 Quarterly Data Review, Analyzing Data that Shows Trouble in Multifamily & Office CRE Sectors

Retrieved on: 
Mardi, avril 30, 2024
CMBS, Delinquent, QDR, Sun Belt, CRE, Property management

NEW YORK, April 30, 2024 /PRNewswire-PRWeb/ -- Trepp, a leading provider of data, insights, and technology solutions to the structured finance, commercial real estate (CRE), and banking markets, and Commercial Real Estate Direct, a publication that brings high-end news and information to CRE professionals, released the Q1 2024 edition of the Quarterly Data Review (QDR). This magazine provides a comprehensive overview of the data, trends, and activity in the CRE finance markets. Access the QDR magazine here: https://www.trepp.com/q1-2024-quarterly-data-review

Key Points: 
  • Trepp and Commercial Real Estate Direct released the Q1 2024 edition of the Quarterly Data Review (QDR), offering in-depth analysis and insights into the commercial real estate and CMBS markets, following persistent troubles in the office sector, and rising distress across the board.
  • NEW YORK, April 30, 2024 /PRNewswire-PRWeb/ -- Trepp, a leading provider of data, insights, and technology solutions to the structured finance, commercial real estate (CRE), and banking markets, and Commercial Real Estate Direct, a publication that brings high-end news and information to CRE professionals, released the Q1 2024 edition of the Quarterly Data Review (QDR).
  • This magazine provides a comprehensive overview of the data, trends, and activity in the CRE finance markets.
  • The QDR magazine leverages data and insights from Trepp and Commercial Real Estate Direct to reveal trends in the commercial real estate market.

Black Rock Coffee Bar Continues Rapid Expansion with its 38th Store Opening in the Phoenix Metro Area

Retrieved on: 
Jeudi, avril 18, 2024
Coffee, Fastest, Black, Environment, Sun Belt, Privately held company, Inc., Philosophy, Nightclub

With five new Black Rock Coffee Bar locations opening in the last four months across the Grand Canyon State, and a total of 10 openings nationwide since January, the boutique coffee bar continues its growth trajectory, now boasting 43 stores across Arizona and 135 stores nationwide.

Key Points: 
  • With five new Black Rock Coffee Bar locations opening in the last four months across the Grand Canyon State, and a total of 10 openings nationwide since January, the boutique coffee bar continues its growth trajectory, now boasting 43 stores across Arizona and 135 stores nationwide.
  • The new Black Rock Coffee Bar, located at 635 E. Hunt Hwy in San Tan Valley, will host a soft launch on Friday, April 19th, followed by its grand opening on Wednesday, April 24th.
  • We are excited to bring the unique Black Rock Coffee Bar experience to the thriving community of San Tan Valley,” said Mark Davis, CEO Black Rock Coffee Bar.
  • In 2023, Black Rock Coffee Bar ranked 1179th among America’s Fastest-Growing Private Companies by Inc. Magazine’s 5000 Annual List.

Franklin Street Properties Corp. Announces First Quarter 2024 Results

Retrieved on: 
Mardi, avril 30, 2024
Commercial Building & Real Estate, Construction & Property, REIT, Sale, Internet, Net income, Note 2, Franklin Street, VIE, News, Alert messaging, Investment, Monument, Webcast, Financial instrument, FFO, Foot, Sun Belt, Funds from operations, Consolidated, Current research information system, Sponsor, Bank statement, FSP, GAAP, G&A, Note

Franklin Street Properties Corp. (the “Company”, “FSP”, “we” or “our”) (NYSE American: FSP), a real estate investment trust (REIT), announced its results for the first quarter ended March 31, 2024.

Key Points: 
  • Franklin Street Properties Corp. (the “Company”, “FSP”, “we” or “our”) (NYSE American: FSP), a real estate investment trust (REIT), announced its results for the first quarter ended March 31, 2024.
  • G&A expenses for the first quarter of 2024 were $0.3 million higher than the first quarter of 2023.
  • Today’s news release, along with other news about Franklin Street Properties Corp., is available on the Internet at www.fspreit.com .
  • A conference call is scheduled for May 1, 2024, at 11:00 a.m. (ET) to discuss the first quarter 2024 results.

Home-Ownership Surprise: 10 Unexpectedly Affordable Places for 2024

Retrieved on: 
Mercredi, avril 24, 2024
Sun Belt, City, Head, Gold, Silver, Sunshine State, Housing

NEW YORK, April 24, 2024 /PRNewswire/ -- Despite the challenges of soaring home prices and a competitive market, NationalBusinessCapital.com, the fintech lending platform for businesses, discovered 10 elite metropolitan areas where buying a home is surprisingly within reach.

Key Points: 
  • With remote work becoming the norm and retirement plans taking shape, the dream of homeownership in desirable locations may be more attainable than many realize.
  • NationalBusinessCapital's inaugural report on home affordability reveals a silver lining in a market where affordability sometimes seems out of reach.
  • ● Florida Cities Buck the Trend: Despite experiencing explosive growth, no Florida cities made it into the top 10 most expensive places to buy a home.
  • Home values in these areas are more in line with local salaries, making homeownership more feasible than expected.

Black Rock Coffee Bar Expands its Texas Footprint with New Store Opening in San Antonio

Retrieved on: 
Mercredi, avril 3, 2024
Sun Belt, Environment, Inc., Privately held company, Philosophy, Coffee, Black, Fastest, Nightclub

Scottsdale, Arizona, April 03, 2024 (GLOBE NEWSWIRE) -- Black Rock Coffee Bar , known for its premium roasted coffees, teas, smoothies and flavorful Fuel® energy drinks, has announced the grand opening of its newest store in San Antonio, Texas.

Key Points: 
  • Scottsdale, Arizona, April 03, 2024 (GLOBE NEWSWIRE) -- Black Rock Coffee Bar , known for its premium roasted coffees, teas, smoothies and flavorful Fuel® energy drinks, has announced the grand opening of its newest store in San Antonio, Texas.
  • This marks the fourth establishment in San Antonio and the 32nd in the Lone Star State, solidifying Black Rock Coffee Bar’s commitment to  providing exceptional coffee experiences across Texas.
  • “We are excited to bring our signature blends and warm atmosphere to coffee enthusiasts in the San Antonio area,” said Mark Davis, CEO Black Rock Coffee Bar.
  • “This is just the beginning of our journey in San Antonio, and we have more exciting store openings on the horizon, so stay tuned!”
    The new 2000-square-foot Black Rock Coffee Bar store showcases the boutique coffee chains’ signature industrial modern design.

Piedmont Office Realty Trust Earns ENERGY STAR® Partner Of The Year Sustained Excellence

Retrieved on: 
Jeudi, mars 28, 2024
Organization, Environment, Biophysical environment, PDM, Sale, Sun Belt, Social, Partner

Atlanta, March 28, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont") (NYSE:PDM), an owner of Class A office properties located primarily in the Sun Belt, announced today that the U.S. Environmental Protection Agency and the U.S. Department of Energy has recognized the company with its highest level of recognition - 2024 ENERGY STAR Partner of the Year – Sustained Excellence.

Key Points: 
  • Atlanta, March 28, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont") (NYSE:PDM), an owner of Class A office properties located primarily in the Sun Belt, announced today that the U.S. Environmental Protection Agency and the U.S. Department of Energy has recognized the company with its highest level of recognition - 2024 ENERGY STAR Partner of the Year – Sustained Excellence.
  • The sustained excellence distinction is awarded to organizations who have earned Partner of the Year for several consecutive years and have gone beyond the criteria needed to qualify for recognition.
  • “We are honored to receive ENERGY STAR’s highest level of recognition with the Partner of the Year – Sustained Excellence award,” said Brent Smith, Piedmont’s President and Chief Executive Officer.
  • ENERGY STAR’s Sustained Excellence award affirms our longstanding efforts to reduce energy consumption across our portfolio.

Ascendant Capital Partners and Culver Investment Partners Acquire Portfolio of Multifamily Properties in Houston’s Fast Growing Texas Medical Center Neighborhood

Retrieved on: 
Lundi, avril 8, 2024
Professional Services, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, REIT, Sun Belt, Ascendant, Partnership, CIP, Acquisition, Medical Center, Texas Medical Center, Student, Collection, Housing, Elle, Commercial property

Ascendant Capital Partners ("Ascendant"), a vertically integrated real estate investment and operating platform, and Culver Investment Partners ("CIP"), a multifamily investment platform focused on existing core-plus and value-add multifamily communities, today announced the acquisition of the Elle Collection portfolio in the Texas Medical Center area, a populous and growing submarket of Houston, TX, for approximately $60 million.

Key Points: 
  • Ascendant Capital Partners ("Ascendant"), a vertically integrated real estate investment and operating platform, and Culver Investment Partners ("CIP"), a multifamily investment platform focused on existing core-plus and value-add multifamily communities, today announced the acquisition of the Elle Collection portfolio in the Texas Medical Center area, a populous and growing submarket of Houston, TX, for approximately $60 million.
  • The Elle Collection comprises three multifamily assets – Elle at the Medical Center, Vie at the Medical Center, and Plaza Townhomes at the Medical Center – totaling 470 units.
  • The Medical Center is a major economic driver for Houston, attracting a strong tenant base of medical professionals and students.
  • The partnership will seek to implement a strategic capital improvement plan to enhance the resident experience at the Elle Collection properties.

Piedmont Completes Sale of One Lincoln Park

Retrieved on: 
Mercredi, mars 20, 2024
Central Expressway, Sun Belt, PDM, Foot, Sale

The building is a 10-story, approximately 257,000-square foot, office building which was 59% leased at the end of fourth quarter 2023.

Key Points: 
  • The building is a 10-story, approximately 257,000-square foot, office building which was 59% leased at the end of fourth quarter 2023.
  • The net proceeds from the sale were used to pay off the approximately $50 million remaining balance of the Company’s 2024 Senior Unsecured Notes that mature in March.
  • Commenting on the transaction, C. Brent Smith, Piedmont’s President, and Chief Executive Officer, said, “We are pleased to harvest the value in a high-quality asset through the disposition of One Lincoln Park to an all-cash buyer.
  • Furthermore, Piedmont will be retained as property manager, resulting in a seamless transition for existing tenants and the buyer, as well as a positive outcome for stockholders.”

Black Rock Coffee Bar is Set to Open a New Store in Buckeye, Arizona

Retrieved on: 
Mardi, mars 19, 2024
Sun Belt, Environment, Inc., Privately held company, Philosophy, Coffee, Black, Fastest, Nightclub

This is the boutique coffee chain’s 37th store in the Phoenix metro area and 42nd in the state, reinforcing Black Rock’s rapid growth in Arizona.

Key Points: 
  • This is the boutique coffee chain’s 37th store in the Phoenix metro area and 42nd in the state, reinforcing Black Rock’s rapid growth in Arizona.
  • “We’ve always believed in fostering meaningful connections over exceptional coffee, and our commitment to these principles resonates deeply as we expand into Buckeye,” said Mark Davis, CEO Black Rock Coffee Bar.
  • “We invite the residents of Buckeye to join us in creating a vibrant hub where coffee lovers can gather, share stories and build lasting connections.”
    The new 2000-square-foot Black Rock Coffee Bar store showcases the boutique coffee chains’ signature industrial modern design.
  • In 2023, Black Rock Coffee Bar ranked 1179th among America’s Fastest-Growing Private Companies by Inc. Magazine’s 5000 Annual List.