Renting

Armada Hoffler Announces 45,000 Square Foot Office Lease at Southern Post in Roswell, Georgia

Retrieved on: 
Friday, February 2, 2024
Tenant, Environment, The Battery, Food, Battery, Renting

VIRGINIA BEACH, Va., Feb. 02, 2024 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE: AHH) announced a 45,000 square foot corporate office tenant will join the robust tenant lineup at its Southern Post mixed-use development in Roswell, Georgia.

Key Points: 
  • VIRGINIA BEACH, Va., Feb. 02, 2024 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE: AHH) announced a 45,000 square foot corporate office tenant will join the robust tenant lineup at its Southern Post mixed-use development in Roswell, Georgia.
  • “This expansive lease is a testament to the appeal of Southern Post,” said Louis Haddad, President and CEO of Armada Hoffler.
  • This lease comes shortly after Armada Hoffler finalized a 7,400 square foot office lease with CA South at Southern Post.
  • The construction firm based in Atlanta is relocating its headquarters from The Battery in Cobb County, Georgia to Southern Post.

Homes.com Ranked Among Top 50 U.S. Domains In Organic Visibility Improvement in 2023

Retrieved on: 
Friday, February 2, 2024
Online Retail, Retail, Other Construction & Property, Commercial Building & Real Estate, Construction & Property, REIT, Growth, Homes.com, Google Search, CoStar Group, Realtor.com, School, Renting

Each year, the IndexWatch ranking uses the SISTRIX Visibility Index to measure U.S. domains with the strongest organic visibility growth and declines on Google.com.

Key Points: 
  • Each year, the IndexWatch ranking uses the SISTRIX Visibility Index to measure U.S. domains with the strongest organic visibility growth and declines on Google.com.
  • SITRIX measures rankings of over 100 million domains for 100 million keywords on Google, with Homes.com’s ranking being earned specifically from Google’s U.S. Index.
  • Homes.com’s spot on this list is a testament to the banner year it had in 2023.
  • For more information about SISTRIX’s IndexWatch 2023, including the full ranking list, please visit here .

Green Street Releases 2024 U.S. Sector Outlooks with Expanded Historical Market-Level Data

Retrieved on: 
Thursday, February 1, 2024
Professional Services, Data Analytics, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, Multimedia, Intelligence, Growth, Self, COVID-19, Pressure, Apartment, Microsoft Excel, Research, News, Outlook, Renting, Street, Publication, Retirement, CRE, NOI, Software as a service, Analytics, Data

To accompany the Outlook reports, Green Street is also now providing downloadable back-up Excel data files and historical time series for market-level effective rent, rent growth, and occupancy data that is continuously updated.

Key Points: 
  • To accompany the Outlook reports, Green Street is also now providing downloadable back-up Excel data files and historical time series for market-level effective rent, rent growth, and occupancy data that is continuously updated.
  • Despite significant value degradation, the Office sector remains the most unattractively priced traditional sector, justifying an underweight.
  • Request a sample report for more information on Green Street’s 12 U.S. and Pan-European Sector Outlooks.
  • Green Street is the preeminent provider of actionable commercial real estate research, news, data, analytics, and advisory services in the U.S. and Europe.

Wolfspeed Reports Financial Results for the Second Quarter of Fiscal Year 2024

Retrieved on: 
Wednesday, January 31, 2024
Technology, Hardware, Semiconductor, Growth, GAAP, Internet, EV, Silicon, Sale, Original equipment manufacturer, WOLF, Completeness, Renting

Wolfspeed, Inc. (NYSE: WOLF) today announced its results for the second quarter of fiscal 2024.

Key Points: 
  • Wolfspeed, Inc. (NYSE: WOLF) today announced its results for the second quarter of fiscal 2024.
  • For its third quarter of fiscal 2024, Wolfspeed targets revenue from continuing operations in a range of $185 million to $215 million.
  • Wolfspeed incurred $10.5 million of factory start-up costs and $35.6 million of underutilization costs in the second quarter of fiscal 2024.
  • Wolfspeed will host a conference call at 5:00 p.m. Eastern time today to review the highlights of its second quarter results and its fiscal third quarter 2024 business outlook, including significant factors and assumptions underlying the targets noted above.

United Rentals Announces Next-Generation Access Management Solution

Retrieved on: 
Tuesday, January 30, 2024
Architecture, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Building Systems, RFID, Senior, Renting, Access management, Access, Safety, Digital, Strategy, Workplace, Workforce

United Rentals, Inc. (NYSE: URI), the world's largest equipment rental company, today announced a next-generation access management solution that seamlessly manages jobsite and equipment access through RFID badges.

Key Points: 
  • United Rentals, Inc. (NYSE: URI), the world's largest equipment rental company, today announced a next-generation access management solution that seamlessly manages jobsite and equipment access through RFID badges.
  • United Rentals has next-generation access management solutions available for rent as part of our one-stop site mobilization solution that includes fencing, restrooms, offices, and temporary power.
  • The same RFID badge can be used for equipment access management, where access control keypads are installed, creating a seamless end-to-end access management solution.
  • This new solution augments United Rentals’ PIN code-based equipment access solutions, which are already available on thousands of rental units.

Planet Financial Group Continues Steady Growth in 2023

Retrieved on: 
Tuesday, January 30, 2024
SFR, Social, National Forest Foundation, Biophysical environment, PMG, ESG, Government National Mortgage Association, USDA, Correspondent, Tree, Renting, Synkronized

MERIDEN, Conn., Jan. 30, 2024 /PRNewswire/ -- During 2023, Planet Financial Group, LLC, parent of national mortgage lender and servicer Planet Home Lending, LLC and  Planet Management Group, LLC, reported consistent performance in origination, servicing and asset management.

Key Points: 
  • MERIDEN, Conn., Jan. 30, 2024 /PRNewswire/ -- During 2023, Planet Financial Group, LLC , parent of national mortgage lender and servicer Planet Home Lending, LLC and Planet Management Group, LLC , reported consistent performance in origination, servicing and asset management.
  • Planet Financial Group's commitment to corporate excellence and responsibility further solidified its position as an industry leader.
  • In 2023, Planet also expanded its commercial servicing platform to include sub-servicing for private clients.
  • Correspondent volume held steady in 2023, ending at $23.78 billion, off a scant 1% from 2022 volume of $24.10 billion.

Getmyboat and Your Boat Club Launch Partnership

Retrieved on: 
Thursday, January 18, 2024
Partnership, History, Ecosystem, Consumer, Acquisition, Water, Glastron, Renting

MENLO PARK, Calif., Jan. 18, 2024 (GLOBE NEWSWIRE) -- Getmyboat , the world's leading booking platform for yacht charters and boat rentals and Your Boat Club, the world’s largest privately-owned boat club, are joining forces to expand offerings to meet customer demand in key locations.

Key Points: 
  • MENLO PARK, Calif., Jan. 18, 2024 (GLOBE NEWSWIRE) -- Getmyboat , the world's leading booking platform for yacht charters and boat rentals and Your Boat Club, the world’s largest privately-owned boat club, are joining forces to expand offerings to meet customer demand in key locations.
  • Through this partnership, Your Boat Club’s rental fleets will be available for rent via the Getmyboat platform, giving boat renters more access than ever to the joys of being on the water.
  • The partnership is an extension of Groupe Beneteau’s partnership with Your Boat Club while introducing a new strategy for its Glastron brand, ultimately giving more customers access to the brand via seamless rental experiences.
  • “Your Boat Club continues to aggressively grow membership, which inherently drives our location, accessibility and value strategies,” explains Luke Kujawa, owner of Your Boat Club.

United Rentals Announces Record Fourth Quarter and Full-Year1 2023 Results, Introduces 2024 Outlook and Enhanced Capital Allocation Strategy, Including a Reduced Leverage Target, $1.5 Billion of Share Repurchases and 10% Increase to Dividend

Retrieved on: 
Wednesday, January 24, 2024
Architecture, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Building Systems, Income tax, Table, Bank statement, Regulation S-K, Analysis, OEC, Share repurchase, Public expenditure, Tax, GAAP, Acquisition, EPS, Regulation, Depreciation, Renting, Item, Bookkeeping

Net income for the quarter increased 6.3% year-over-year to $679 million, while net income margin decreased 120 basis points to 18.2%.

Key Points: 
  • Net income for the quarter increased 6.3% year-over-year to $679 million, while net income margin decreased 120 basis points to 18.2%.
  • Free cash flow excludes merger and restructuring related payments, which cannot be reasonably predicted for the 2024 outlook.
  • Adjusted EBITDA for the quarter increased 9.8% year-over-year to a fourth quarter record of $1.809 billion, while adjusted EBITDA margin decreased 150 basis points to 48.5%.
  • General rentals segment rental revenue increased 13.1% year-over-year, including the impact of the Ahern Rentals acquisition, to a fourth quarter record of $2.289 billion.

STORE Capital Announces Upgrade of ABS Master Funding Notes by S&P Global Ratings

Retrieved on: 
Thursday, January 18, 2024
Construction & Property, REIT, Tenant, S&P, Store Capital, S&P Global, BBB, Health, AAA, Renting

STORE Capital LLC (“STORE”, “STORE Capital” or the “Company”), an internally managed net-lease real estate investment trust (REIT) that invests in Single Tenant Operational Real Estate, today announced that S&P Global Ratings (“S&P”) upgraded certain of its STORE Master Funding net-lease mortgage notes.

Key Points: 
  • STORE Capital LLC (“STORE”, “STORE Capital” or the “Company”), an internally managed net-lease real estate investment trust (REIT) that invests in Single Tenant Operational Real Estate, today announced that S&P Global Ratings (“S&P”) upgraded certain of its STORE Master Funding net-lease mortgage notes.
  • Notes upgraded by S&P include $1.29 billion of STORE’s outstanding A+(sf) notes which were upgraded to AA(sf) and $210 million of STORE’s outstanding BBB(sf) notes which were upgraded to A(sf).
  • The ratings action also affirmed ratings on all of STORE’s outstanding AAA(sf) notes totaling $1.34 billion.
  • “We are very excited to see that S&P has upgraded and affirmed the ratings for our notes.

Parman Holdings Corporation Acquires Cleburne Farm Supply

Retrieved on: 
Wednesday, January 24, 2024
Link Belt, Equipment, Growth, CFS, Renting, AGCO

COLUMBIA, Tenn., Jan. 24, 2024 /PRNewswire/ -- Parman Holdings Corporation, an employee-owned company, is set to acquire Cleburne Farm Supply (CFS) in January 2024.

Key Points: 
  • COLUMBIA, Tenn., Jan. 24, 2024 /PRNewswire/ -- Parman Holdings Corporation, an employee-owned company, is set to acquire Cleburne Farm Supply (CFS) in January 2024.
  • CFS will operate as a second location for Parman Tractor & Equipment (PT&E), a subsidiary of Parman Holdings.
  • Pat Campbell, owner of Cleburne Farm Supply, established the Columbia based dealership on Bear Creek Pike 20-plus years ago.
  • Parman Holdings acquired Parman Tractor & Equipment 5 years ago and has experienced significant growth through the diversification expansion into construction and agricultural equipment.