Lexington Avenue

KBRA Releases Research - CMBS Loan Performance Trends: May 2024

Retrieved on: 
Mercoledì, Maggio 29, 2024
Professional Services, Finance, Lexington Avenue, LL, Providence Place, Mom, Failure, CMBS, Bloomberg, KBRA, Bank

KBRA releases a report on U.S. commercial mortgage-backed securities (CMBS) loan performance trends observed in the May 2024 servicer reporting period.

Key Points: 
  • KBRA releases a report on U.S. commercial mortgage-backed securities (CMBS) loan performance trends observed in the May 2024 servicer reporting period.
  • The delinquency rate among KBRA-rated CMBS in May increased slightly to 4.71%, up 4 basis points (bps) from April.
  • Similarly, the total delinquent and specially serviced loan rate (distress rate) increased 16 bps to 8.45%.
  • In this report, KBRA provides observations across our $315.9 billion rated universe of U.S. private label CMBS including conduits, single-asset single borrower (SASB), and LL transactions.

Raytech Holding Limited Announces Closing of $6 Million Initial Public Offering

Retrieved on: 
Venerdì, Maggio 17, 2024
Offering, Lexington Avenue, Sale, Form, Prospectus, Common stock, Security (finance)

Hong Kong, May 17, 2024 (GLOBE NEWSWIRE) -- Raytech Holding Limited (the “Company” or “RAY”), a Hong Kong-headquartered company specializing in design, sourcing and wholesale of personal care electrical appliances for international brand owners, today announced the closing of its initial public offering (the "Offering") of 1,500,000 ordinary shares (the "Ordinary Shares") at an initial public offering price of $4 per share for total gross proceeds of $6,000,000, before deducting underwriting discounts and other offering expenses.

Key Points: 
  • Hong Kong, May 17, 2024 (GLOBE NEWSWIRE) -- Raytech Holding Limited (the “Company” or “RAY”), a Hong Kong-headquartered company specializing in design, sourcing and wholesale of personal care electrical appliances for international brand owners, today announced the closing of its initial public offering (the "Offering") of 1,500,000 ordinary shares (the "Ordinary Shares") at an initial public offering price of $4 per share for total gross proceeds of $6,000,000, before deducting underwriting discounts and other offering expenses.
  • The Offering closed on May 17, 2024, and the Ordinary Shares began trading on Nasdaq Capital Market on May 15, 2024, under the ticker symbol "RAY".
  • The Company has granted the underwriters, an option, within 45 days from the closing date of the Offering, to purchase up to an additional 225,000 Ordinary Shares at the initial public offering price, less underwriting discounts, to cover the over-allotments, if any.
  • Lafferty & Co., Inc. acted as the joint book runner, and Dominari Securities LLC acted as co-manager, (the “Underwriters”) for the Offering.

Raytech Holding Limited Announces Pricing of Its Initial Public Offering

Retrieved on: 
Mercoledì, Maggio 15, 2024
Offering, Lexington Avenue, Sale, Form, Prospectus, Security (finance)

Hong Kong, May 15, 2024 (GLOBE NEWSWIRE) -- Raytech Holding Limited (the “Company” or “RAY”), a Hong Kong-headquartered company specializes in design, sourcing and wholesale of personal care electrical appliances for international brand owners, today announced the pricing of its initial public offering (the "Offering") of 1,500,000 ordinary shares (the "Ordinary Shares") at a public offering price of $4 per share for total gross proceeds of $6,000,000, before deducting underwriting discounts and other offering expenses.

Key Points: 
  • Hong Kong, May 15, 2024 (GLOBE NEWSWIRE) -- Raytech Holding Limited (the “Company” or “RAY”), a Hong Kong-headquartered company specializes in design, sourcing and wholesale of personal care electrical appliances for international brand owners, today announced the pricing of its initial public offering (the "Offering") of 1,500,000 ordinary shares (the "Ordinary Shares") at a public offering price of $4 per share for total gross proceeds of $6,000,000, before deducting underwriting discounts and other offering expenses.
  • The Company has granted the underwriters an option, exercisable within 45 days from the closing date of the Offering, to purchase up to an additional 225,000 Ordinary Shares at the initial public offering price, less underwriting discounts, to cover over-allotments, if any.
  • The Offering is expected to close on May 17, 2024, subject to the satisfaction of customary closing conditions.
  • Lafferty & Co., Inc. acted as the joint book runner, and Dominari Securities LLC acted as co-manager for the Offering.

Alexander’s, Inc. Extends Bloomberg LP’s Global Headquarters Lease at 731 Lexington Avenue Tower Through 2040

Retrieved on: 
Lunedì, Maggio 6, 2024
Bloomberg L.P., Vornado, Vornado Realty Trust, Collection, Lexington Avenue, Real estate investing, Bloomberg, Growth

NEW YORK, May 06, 2024 (GLOBE NEWSWIRE) -- Alexander’s, Inc. today announced an 11-year lease extension agreement with Bloomberg LP which will begin at the expiration of the existing lease in 2029, continuing a long-standing headquarters presence at 731 Lexington Avenue through 2040.

Key Points: 
  • NEW YORK, May 06, 2024 (GLOBE NEWSWIRE) -- Alexander’s, Inc. today announced an 11-year lease extension agreement with Bloomberg LP which will begin at the expiration of the existing lease in 2029, continuing a long-standing headquarters presence at 731 Lexington Avenue through 2040.
  • Bloomberg, which relocated its global headquarters to the tower upon its completion, will continue to occupy all 946,815 square feet of office space in the building.
  • The company's headquarters at 731 Lexington remains its largest globally with 7,000 of its 12,000 New York-based employees.
  • Alexander’s is a Real Estate Investment Trust that owns 731 Lexington Avenue.

Scilex Holding Company Announces Closing of $15 Million Registered Direct Offering

Retrieved on: 
Giovedì, Aprile 25, 2024
Sale, Prospectus, Investment, Security (finance), Research, Lexington Avenue, Public expenditure, Form, PALO, Chronic pain, Telephone

Rodman & Renshaw LLC and StockBlock Securities LLC acted as the exclusive placement agents for the offering.

Key Points: 
  • Rodman & Renshaw LLC and StockBlock Securities LLC acted as the exclusive placement agents for the offering.
  • The gross proceeds for the offering were $15 million, prior to deducting the placement agents’ fees and other offering expenses payable by the Company.
  • The securities described above were offered by the Company pursuant to a “shelf” registration statement on Form S-3 (File No.
  • The securities were offered only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement.

Neo-Concept International Group Holdings Limited Announced Closing of Initial Public Offering

Retrieved on: 
Giovedì, Aprile 25, 2024
File, Sale, Prospectus, LLP, Offering, Underwriting, Lexington Avenue, Form, NCI

Hong Kong, April 25, 2024 (GLOBE NEWSWIRE) -- Neo-Concept International Group Holdings Limited (Nasdaq: NCI) (the “Company” or “Neo-Concept”), a one-stop apparel solution services provider which offers a full suite of services in the apparel supply chain, today announced the closing of its initial public offering (the “Offering”) of 2,320,000 ordinary shares at a price of $4.00 per share.

Key Points: 
  • Hong Kong, April 25, 2024 (GLOBE NEWSWIRE) -- Neo-Concept International Group Holdings Limited (Nasdaq: NCI) (the “Company” or “Neo-Concept”), a one-stop apparel solution services provider which offers a full suite of services in the apparel supply chain, today announced the closing of its initial public offering (the “Offering”) of 2,320,000 ordinary shares at a price of $4.00 per share.
  • The aggregate gross proceeds from the Offering were $9.3 million, before deducting underwriting discounts and other related expenses.
  • The ordinary shares began trading on The Nasdaq Capital Market on April 23, 2024 under the ticker symbol “NCI.”
    The Offering was conducted on a firm commitment basis.
  • Lafferty & Co., Inc. are Joint Book-Running Managers, with Dominari Securities LLC acting as Co-manager, for the Offering (the “Underwriters”).

Scilex Holding Company Announces $15 Million Registered Direct Offering

Retrieved on: 
Mercoledì, Aprile 24, 2024
Sale, Prospectus, Investment, Security (finance), Research, Lexington Avenue, Public expenditure, Form, PALO, Chronic pain, Telephone

Rodman & Renshaw LLC is acting as the exclusive placement agent for the offering.

Key Points: 
  • Rodman & Renshaw LLC is acting as the exclusive placement agent for the offering.
  • The closing of the offering is expected to occur on or about April 25, 2024, subject to the satisfaction of customary closing conditions.
  • The gross proceeds for the offering are expected to be approximately $15 million, prior to deducting the placement agent’s fees and other offering expenses payable by the Company.
  • The securities described above are being offered by the Company pursuant to a “shelf” registration statement on Form S-3 (File No.

Neo-Concept International Group Holdings Limited Announces Pricing of Initial Public Offering and Listing on Nasdaq

Retrieved on: 
Martedì, Aprile 23, 2024
Sale, Prospectus, LLP, Offering, Lexington Avenue, Form, EDGAR, Acquisition, NCI, Security (finance)

NEW YORK, April 23, 2024 (GLOBE NEWSWIRE) --  Neo-Concept International Group Holdings Limited (Nasdaq: NCI) (the “Company”), a one-stop apparel solution services provider, today announced the pricing of its initial public offering (the “Offering”) of 2,320,000 ordinary shares (the “Ordinary Shares”) on April 22, 2024, at a price of $4.00 per Ordinary Share.

Key Points: 
  • NEW YORK, April 23, 2024 (GLOBE NEWSWIRE) --  Neo-Concept International Group Holdings Limited (Nasdaq: NCI) (the “Company”), a one-stop apparel solution services provider, today announced the pricing of its initial public offering (the “Offering”) of 2,320,000 ordinary shares (the “Ordinary Shares”) on April 22, 2024, at a price of $4.00 per Ordinary Share.
  • Lafferty & Co., Inc. are JointBook-Running Managers, withDominari Securities LLC acting as Co-manager, for the Offering (the “Underwriters”).
  • The Offering is being conducted pursuant to the Company’s Registration Statement on Form F-1 (File No.
  • 333-275242) previously filed with, and subsequently declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on April 1, 2024.

Top Wealth Group Holding Limited Announces Closing of Initial Public Offering

Retrieved on: 
Venerdì, Aprile 19, 2024
File, Sale, Prospectus, Offering, Suite, Lexington Avenue, Form, Marketing, Telephone, Cryptocurrency

Hong Kong, April 18, 2024 (GLOBE NEWSWIRE) -- Top Wealth Group Holding Limited (the “Company” or “Top Wealth”), a Hong Kong-based supplier of luxury caviar products, today announced the closing of its initial public offering (the “Offering”) of 2,000,000 ordinary shares at a public offering price of US$4.00 per ordinary share.

Key Points: 
  • Hong Kong, April 18, 2024 (GLOBE NEWSWIRE) -- Top Wealth Group Holding Limited (the “Company” or “Top Wealth”), a Hong Kong-based supplier of luxury caviar products, today announced the closing of its initial public offering (the “Offering”) of 2,000,000 ordinary shares at a public offering price of US$4.00 per ordinary share.
  • In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 300,000 ordinary shares at the public offering price after the closing of the Offering, less underwriting discounts.
  • Proceeds from the Offering will be used for expanding the Company’s business internationally, brand promotion and marketing, and general working capital.
  • In addition, copies of the prospectus and free writing prospectus relating to the Offering may be obtained via the SEC’s website at www.sec.gov .

Walker & Dunlop Closes $155 Million Refinancing for Manhattan’s Lexington Hotel

Retrieved on: 
Giovedì, Maggio 2, 2024
Professional Services, Commercial Building & Real Estate, Lodging, Finance, Construction & Property, Travel, Tourist Attractions, Walker & Dunlop, Starbucks, MCR, Heart, Tourism, Lexington Avenue, 48th Street, Sponsor, Crunch Fitness, The Lexington Hotel NYC, Capital Group Companies, Multimedia, Collection, Lexington Hotel

Walker & Dunlop, Inc. announced today the completion of a $155 million refinancing deal for The Lexington Hotel , a historic landmark in the heart of Midtown Manhattan.

Key Points: 
  • Walker & Dunlop, Inc. announced today the completion of a $155 million refinancing deal for The Lexington Hotel , a historic landmark in the heart of Midtown Manhattan.
  • Acting as the exclusive advisor to Lexington Hotel Owner LLC, a joint venture between MCR, Island Capital Group LLC, and Three Wall Capital, Walker & Dunlop secured the financing through lender Hudson Bay Capital.
  • View the full release here: https://www.businesswire.com/news/home/20240502781850/en/
    Initially completed in 1929, The Lexington Hotel has undergone extensive renovations and conversions over the years, culminating in its transformation into a Marriott Autograph Collection hotel in 2013.
  • Situated within the dynamic market of Midtown East, The Lexington Hotel benefits from its proximity to major office developments and transportation hubs.