Bank of America

Institutional Property Advisors Brokers Sale and Arranges Financing for $94.5 Million Southeast Phoenix Multifamily Asset

Retrieved on: 
Thursday, March 14, 2024
Professional Services, Luxury, Family, Consumer, Convenience Store, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Fitness & Nutrition, Retail, Finance, Health, Consulting, Bank of America, Intel, Walking, IPA, Bank, Microchip Technology, Sale, Acquisition, MMI, Marcus & Millichap, Grumman, The Park, Wells Fargo

Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale and financing of Alta Chandler at The Park, a 291-unit mid-rise multifamily asset in Chandler, Arizona.

Key Points: 
  • Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale and financing of Alta Chandler at The Park, a 291-unit mid-rise multifamily asset in Chandler, Arizona.
  • IPA Capital Markets arranged $52 million in acquisition financing.
  • Downtown Chandler is one mile from the property and within five miles there is 18.9 million square feet of retail and dining.
  • The property has an open-concept leasing office and clubhouse, a convenience market, sky lounge, fitness center, and a private, multi-purpose fitness room.

Uplinq Bolsters Leadership Team with Addition of Derek Ellington as Strategic Advisor

Retrieved on: 
Thursday, March 14, 2024
Small Business, Banking, Professional Services, Finance, Bank of America, Visa, Growth, COVID-19, Bank, News, Small business, Ernst & Young, Wells Fargo, Financial Technologies Group

Uplinq Financial Technologies , the first global credit decisioning support platform for small business lenders, today announced the addition of prominent financial services leader Derek Ellington as strategic advisor.

Key Points: 
  • Uplinq Financial Technologies , the first global credit decisioning support platform for small business lenders, today announced the addition of prominent financial services leader Derek Ellington as strategic advisor.
  • As a strategic advisor, Ellington will work with Uplinq’s current clients, providing counsel and thought leadership as they progress through the proof of concept phase and begin implementing Uplinq’s technology into their small business lending practices.
  • In his capacity as strategic advisor, Ellington will also help Uplinq navigate the rapidly evolving regulatory environment of small business lending.
  • “Welcoming Derek as a strategic advisor is an enormous win to both our Uplinq community and our evolving roster of current and prospective clients,” said Uplinq CEO Ron Benegbi.

Empire State Realty Trust Announces New $715 Million Credit Facility

Retrieved on: 
Monday, March 11, 2024
Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, REIT, Bank of America, BofA Securities, Chase Bank, Wells Fargo, Partnership, Bank, Empire State Building, U.S. Bancorp, Bank of Montreal, JPMorgan Chase, ESRT, Security (finance)

Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”) today announced that Empire State Realty OP, L.P., its operating partnership, has entered into a new credit facility in the principal amount of $715 million, which consists of a $620 million revolving credit facility and a $95 million term loan facility.

Key Points: 
  • Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”) today announced that Empire State Realty OP, L.P., its operating partnership, has entered into a new credit facility in the principal amount of $715 million, which consists of a $620 million revolving credit facility and a $95 million term loan facility.
  • The new revolving credit facility matures on March 8, 2029, inclusive of two six-month extension periods at the option of the Company, and replaces the existing revolving credit facility that was due to mature in March 2025.
  • The term loan facility matures on March 8, 2029, inclusive of two twelve-month extension periods at the option of the Company, and replaces the existing term loan facility that matures in March 2025.
  • “We are pleased with the successful execution of our new credit facility that maintains our strong liquidity position and extends our balance sheet flexibility as we continue to focus on generating stakeholder value,” said Christina Chiu, Empire State Realty Trust’s President.

Richard Petretti joins Schimenti as Director of Estimating to Lead Firmwide Cost & Estimating Strategies

Retrieved on: 
Thursday, April 4, 2024
Bank of America, Citigroup, Growth, Apple, Construction, Lucid Motors, JPMorgan Chase, Bank, Volunteering, Rich

NEW YORK, April 4, 2024 /PRNewswire/ -- Richard Petretti, a recognized estimating and cost analysis leader in the construction industry, has joined Schimenti as Director of Estimating.

Key Points: 
  • NEW YORK, April 4, 2024 /PRNewswire/ -- Richard Petretti, a recognized estimating and cost analysis leader in the construction industry, has joined Schimenti as Director of Estimating.
  • Richard Petretti joins Schimenti Construction as Director of Estimating to lead firmwide cost & estimating strategies.
  • I will focus on enhancing preconstruction and cost management strategies, aligning with the company's commitment to growth and excellence.
  • I'm committed to leading the estimating department's success, ensuring we consistently deliver outstanding value to our clients."

Cboe Clear Europe Secures Support of Additional Key Participants for Launch of Securities Financing Transactions Clearing Service

Retrieved on: 
Thursday, April 4, 2024
Bank of America, Clearing house (finance), Growth, Rural sociology, Risk, CRR, CRD, Bank, CCP, SFT, UCITS, Capital Requirements Regulation 2013, Capital Requirements Directives, State Street, ETF, State, Security (finance)

Brings total number of launch participants to nine, comprising a broad range of key market participants, including banks, clearing firms, asset managers and custodians

Key Points: 
  • Brings total number of launch participants to nine, comprising a broad range of key market participants, including banks, clearing firms, asset managers and custodians
    Launch on track for Q3 2024, subject to regulatory approvals
    AMSTERDAM and LONDON, April 4, 2024 /PRNewswire/ -- Cboe Clear Europe, Cboe's Amsterdam-based pan-European clearing house, today announced that it has secured the support of additional participants to support the launch of its Central Counterparty (CCP) clearing service for securities financing transactions (SFTs).
  • Their commitment brings the total number of launch participants for the SFT clearing service to nine, comprising a broad range of key market participants, including banks, clearing firms, asset managers and custodians.
  • Alessandro Cozzani, Managing Director, Bank of America, said: "We are excited to embark on this journey with Cboe Clear Europe.
  • At launch, Cboe Clear Europe will be the only pan-European CCP offering these consolidated services for SFTs in European cash equities and ETFs."

Mayer Brown and The Watson Institute at Brown University Host Second Annual Digital Trust Summit to Convene CEO and Board Members to Discuss AI Governance Solutions

Retrieved on: 
Wednesday, April 3, 2024
Bank of America, Culture, Chair, NACD, Conference, The Conference Board, Acceleration, Mayer Brown, Trust, United, Address, Empathy, Salesforce, Committee, Intuition, Ethics, Bank, Chairperson, United Nations, Research, Artificial intelligence, Honeywell, Policy, Lead, Social responsibility, IBM, Privacy, Brown University, Alphabet Inc., Private sector, BPM, IBM Consulting, LOS, Summit, Trustee, Government, Economic development, UN, Medical device

LOS ANGELES, April 3, 2024 /PRNewswire/ -- On March 28, 2024, corporate and government leaders gathered to discuss the critical need for trustworthy frameworks for building and deploying AI and other emerging technologies at the second annual Digital Trust Summit. The Summit was co-hosted by the Watson Institute at Brown University, The Conference Board, Nasdaq, Bank of America and Mayer Brown, and sponsored by Ankura, Further, Crowdstrike, Exterro and BPM.

Key Points: 
  • The Summit was co-hosted by the Watson Institute at Brown University, The Conference Board, Nasdaq, Bank of America and Mayer Brown, and sponsored by Ankura, Further, Crowdstrike, Exterro and BPM.
  • Through informed decision-making and ongoing dialogue, the Digital Trust Summit helps to shape a future where innovation and ethics coexist, ensuring trust in the digital landscape."
  • Brian Moynihan, Chair of the Board and CEO of Bank of America: "Building and strengthening trust in the current digital age is critical.
  • As such, the Summit organizers announced the third annual Digital Trust Summit is scheduled for March 28, 2025 at Brown University.

Your Alaska Airlines Mileage Plan miles go farther with Global Getaways

Retrieved on: 
Wednesday, April 3, 2024
Spend, Bank of America, Visa Inc., Alaska Airlines, MVP, Plan, Travel, Bank, Air Tahiti Nui, Qatar Airways, Starlux Airlines, Mileage, Collection, Airline

SEATTLE, April 3, 2024 /PRNewswire/ -- Eager to get even more bang with your Mileage Plan miles? Alaska Airlines has just the ticket with Global Getaways. Starting today, we're offering savings of up to 50% on award redemptions to select international destinations with us and our global partners. Mileage Plan members can redeem miles throughout April at alaskaair.com for reduced award travel from September through November to an amazing collection of locations.

Key Points: 
  • Alaska Airlines has just the ticket with Global Getaways .
  • Starting today, we're offering savings of up to 50% on award redemptions to select international destinations with us and our global partners.
  • Mileage Plan members can redeem miles throughout April at alaskaair.com for reduced award travel from September through November to an amazing collection of locations.
  • "We're continuing to invest in making Mileage Plan the most rewarding loyalty program with the industry's most valuable currency."

Co-branded Credit Card Market Projected to Reach $25.72 billion by 2030 - Exclusive Report by 360iResearch

Retrieved on: 
Wednesday, April 3, 2024
Citigroup, Bank of America, Growth, Intelligence, Partnership, Travel, GDPR, Bank, Credit card, Sale, General Data Protection Regulation, American Express, Visa Inc., Table, Online shopping

PUNE, India, April 2, 2024 /PRNewswire/ -- The report titled " Co-branded Credit Card Market by Vendor Type (Card Issuer, Card Network, Retailer), Credit Card Type (Physical Credit Cards, Virtual Credit Cards), End-User - Global Forecast 2024-2030 " is now available on 360iResearch.com's offering, presents an analysis indicating that the market projected to grow from a size of $13.41 billion in 2023 to reach $25.72 billion by 2030, at a CAGR of 9.74% over the forecast period.

Key Points: 
  • PUNE, India, April 2, 2024 /PRNewswire/ -- The report titled " Co-branded Credit Card Market by Vendor Type (Card Issuer, Card Network, Retailer), Credit Card Type (Physical Credit Cards, Virtual Credit Cards), End-User - Global Forecast 2024-2030 " is now available on 360iResearch.com's offering, presents an analysis indicating that the market projected to grow from a size of $13.41 billion in 2023 to reach $25.72 billion by 2030, at a CAGR of 9.74% over the forecast period.
  • In the United States, a pronounced credit culture and the appeal of attractive rewards programs have established co-branded credit cards.
  • We proudly unveil ThinkMi, a cutting-edge AI product designed to transform how businesses interact with the Co-branded Credit Card Market.
  • "Dive into the Co-branded Credit Card Market Landscape: Explore 193 Pages of Insights, 290 Tables, and 22 Figures"

Co-branded Credit Card Market Projected to Reach $25.72 billion by 2030 - Exclusive Report by 360iResearch

Retrieved on: 
Wednesday, April 3, 2024
Citigroup, Bank of America, Growth, Intelligence, Partnership, Travel, GDPR, Bank, Credit card, Sale, General Data Protection Regulation, American Express, Visa Inc., Table, Online shopping

PUNE, India, April 2, 2024 /PRNewswire/ -- The report titled " Co-branded Credit Card Market by Vendor Type (Card Issuer, Card Network, Retailer), Credit Card Type (Physical Credit Cards, Virtual Credit Cards), End-User - Global Forecast 2024-2030 " is now available on 360iResearch.com's offering, presents an analysis indicating that the market projected to grow from a size of $13.41 billion in 2023 to reach $25.72 billion by 2030, at a CAGR of 9.74% over the forecast period.

Key Points: 
  • PUNE, India, April 2, 2024 /PRNewswire/ -- The report titled " Co-branded Credit Card Market by Vendor Type (Card Issuer, Card Network, Retailer), Credit Card Type (Physical Credit Cards, Virtual Credit Cards), End-User - Global Forecast 2024-2030 " is now available on 360iResearch.com's offering, presents an analysis indicating that the market projected to grow from a size of $13.41 billion in 2023 to reach $25.72 billion by 2030, at a CAGR of 9.74% over the forecast period.
  • In the United States, a pronounced credit culture and the appeal of attractive rewards programs have established co-branded credit cards.
  • We proudly unveil ThinkMi, a cutting-edge AI product designed to transform how businesses interact with the Co-branded Credit Card Market.
  • "Dive into the Co-branded Credit Card Market Landscape: Explore 193 Pages of Insights, 290 Tables, and 22 Figures"

Tory Burch and BofA Unveil Free Online Educational Resource for Women Entrepreneurs

Retrieved on: 
Tuesday, April 2, 2024
Bank of America, Woman, Partnership, COVID-19, Education, Entrepreneurship, Bank, Small business, Tory Burch, Tutoring

CHARLOTTE, N.C., April 2, 2024 /PRNewswire/ -- Bank of America and the Tory Burch Foundation today unveiled a new pillar in their long-term commitment to empower women entrepreneurs. The Tory Burch Foundation Business Webinars presented by Bank of America is a virtual program featuring education on a range of entrepreneurial topics and a robust content library for on-demand learning. It is poised to be the largest, free online educational resource available for women entrepreneurs -- building on a decade-long partnership-- including The Tory Burch and Bank of America Capital Program, which provided more than $100 million in low-cost capital to women entrepreneurs.

Key Points: 
  • CHARLOTTE, N.C., April 2, 2024 /PRNewswire/ -- Bank of America and the Tory Burch Foundation today unveiled a new pillar in their long-term commitment to empower women entrepreneurs.
  • It is poised to be the largest, free online educational resource available for women entrepreneurs -- building on a decade-long partnership-- including The Tory Burch and Bank of America Capital Program , which provided more than $100 million in low-cost capital to women entrepreneurs.
  • "It takes more than a great idea and determination to build a business; it takes resources," said Tory Burch, Executive Chairman and Chief Creative Officer of Tory Burch.
  • The sessions will be offered live and on-demand -- for free -- on the Tory Burch Foundation website and YouTube.