Phoenix

Peachtree Group Successfully Closes Third Delaware Statutory Trust, Providing Prime Opportunity for 1031 Exchange Investors

Retrieved on: 
Tuesday, February 6, 2024

This strategic acquisition presented a compelling opportunity for 1031 exchange investors seeking to reinvest proceeds from the sale of appreciated real estate while enjoying tax deferral benefits and maintaining a robust allocation to real estate.

Key Points: 
  • This strategic acquisition presented a compelling opportunity for 1031 exchange investors seeking to reinvest proceeds from the sale of appreciated real estate while enjoying tax deferral benefits and maintaining a robust allocation to real estate.
  • Since forming its DST program in Aug. 2022, Peachtree Group has quickly become a top-15 sponsor in the securitized 1031 exchange marketplace, according to a year-end market equity update from Mountain Dell Consulting.
  • Peachtree Group underscores its commitment to innovation and investor satisfaction, aligning with the core principles of the 1031 exchange and offering investors a seamless avenue to transition capital gains into a new passive investment, particularly within the thriving hotel sector.
  • Moreover, hotels stand to benefit from the enduring imbalance between growing demand and slower supply, further solidifying hotels' position as a resilient investment," Witt said.

Visit Newport Beach Wins 'Extraordinaire Award' at the 2024 Rose Parade® with Record-Setting 165-Foot-Long Entry

Retrieved on: 
Monday, January 8, 2024

NEWPORT BEACH, Calif., Jan. 8, 2024 /PRNewswire/ -- Visit Newport Beach is elated to announce the prestigious achievement of winning the coveted Extraordinaire Award at the 135th Rose Parade® in Pasadena, California, held on January 1, 2024. The triumphant return of Newport Beach to this globally renowned event after an 18-year hiatus has been marked by the record-breaking float entry, 'Jingle on the Waves,' which not only stood out as the longest float in the parade but has now been recognized with the Extraordinaire Award. The float featured an array of 57,211 floral elements including mums, statice, strawflower, lentils, iris, carnations, seaweed, and various other creative touches representing the Newport Beach spirit.

Key Points: 
  • The third boat was a special Rose Parade Queen tribute which included four former Tournament of Roses® Rose Queens® who currently reside in Newport Beach.
  • "Our winning float, 'Jingle on the Waves,' not only reflects the vibrant spirit of Newport Beach but also harmonizes with the universal language of music celebrated in the 2024 Rose Parade®," says Gary Sherwin, President & CEO of Visit Newport Beach.
  • The historic ties between Newport Beach and the Rose Parade presented by Honda, run deep.
  • Visit Newport Beach is looking forward to continuing this partnership with the Rose Parade is eagerly awaits the years to come!

Cloudian Introduces HyperStore Bucket Migrator for the Amazon S3 Express One Zone Storage Class

Retrieved on: 
Wednesday, November 29, 2023

SAN MATEO, Calif., Nov. 29, 2023 (GLOBE NEWSWIRE) -- Cloudian today announced the launch of the HyperStore Bucket Migrator for the Amazon S3 Express One Zone storage class, a groundbreaking utility designed to empower organizations with seamless data migration capabilities from Cloudian HyperStore on-premises storage to S3 Express One Zone.

Key Points: 
  • SAN MATEO, Calif., Nov. 29, 2023 (GLOBE NEWSWIRE) -- Cloudian today announced the launch of the HyperStore Bucket Migrator for the Amazon S3 Express One Zone storage class, a groundbreaking utility designed to empower organizations with seamless data migration capabilities from Cloudian HyperStore on-premises storage to S3 Express One Zone.
  • The HyperStore Bucket Migrator for S3 Express One Zone seamlessly migrates on-premises object storage data to any AWS Availability Zone with S3 Express One Zone, thereby letting customers rapidly utilize available GPU resources and the highest performance of all Amazon S3 storage classes.
  • “The new HyperStore Bucket Migrator for S3 Express One Zone accomplishes this by enabling frictionless data movement between Cloudian HyperStore on-premises storage and S3 Express One Zone, empowering organizations to fully embrace the benefits of high-performance storage for their most demanding use cases, whether at the edge, core or cloud."
  • For more information about the Cloudian’s HyperStore Bucket Migrator for S3 Express One Zone and how it can enhance your data management capabilities, visit Cloudian.com/AWS .

Wellesley Asset Management, Inc. Announces New Portfolio Manager to Join its Investment Team

Retrieved on: 
Tuesday, December 19, 2023

PORTSMOUTH, N.H., Dec. 19, 2023 /PRNewswire/ -- Wellesley Asset Management ("Wellesley"), an asset manager specializing in convertible bonds, is pleased to announce the recent addition of David Clott, CFA, to its Portfolio Management team.

Key Points: 
  • PORTSMOUTH, N.H., Dec. 19, 2023 /PRNewswire/ -- Wellesley Asset Management ("Wellesley"), an asset manager specializing in convertible bonds, is pleased to announce the recent addition of David Clott, CFA, to its Portfolio Management team.
  • A highly respected investment professional with 30 years of experience, David's convertible bond investing experience began in the mid 1990's as an analyst at Phoenix Investments.
  • David joined Aviva Investors in 1999 as a US convertible bond portfolio manager and in 2002 David founded the Aviva Investors Global Convertible Bond Strategy, launching a European based long only convertible mutual fund.
  • "We are thrilled to have such a seasoned professional join our convertible bond team," said Michael Miller, President and Chief Investment Officer.

RF-Backed Ally Waste Adds to Valet Trash Platform in Bulk

Retrieved on: 
Thursday, December 14, 2023

RF Investment Partners and its portfolio company, Ally Waste Services, are pleased to announce the acquisition of Waste Consolidators, Inc., a provider of bulk waste collection services for residential and commercial complexes.

Key Points: 
  • RF Investment Partners and its portfolio company, Ally Waste Services, are pleased to announce the acquisition of Waste Consolidators, Inc., a provider of bulk waste collection services for residential and commercial complexes.
  • This investment builds on the success of Ally Waste’s partnership with Waste Control and the integration of its bulk waste removal services earlier this year.
  • Waste Consolidators also offers miscellaneous trash and maintenance services, including “trash outs,” power washing, gutter cleaning, and more.
  • The introduction of Waste Consolidators further establishes Ally Waste’s bulk trash removal services and increases route density in the Phoenix and major Texas markets.

H&E Equipment Services Signs Definitive Agreement To Acquire Phoenix-based Precision Rentals

Retrieved on: 
Monday, December 11, 2023

H&E Equipment Services, Inc. (“H&E” or the “Company”) (NASDAQ: HEES) today announced the signing of a definitive agreement to acquire the business of Precision Rentals (“Precision”).

Key Points: 
  • H&E Equipment Services, Inc. (“H&E” or the “Company”) (NASDAQ: HEES) today announced the signing of a definitive agreement to acquire the business of Precision Rentals (“Precision”).
  • Based in Phoenix, Arizona, the company operates a branch in Phoenix and a second location in Aurora, Colorado.
  • Precision offers a mix of general rental assets with a total fleet size, as measured by original equipment cost, of approximately $70 million and an attractive average fleet age of 37 months.
  • Brad Barber, chief executive officer of H&E Equipment Services, Inc., identified compelling strategic benefits associated with the acquisition, citing, “Since 2006, Precision Rentals has successfully grown its equipment rental business through a focus on reliability, fleet diversity and exceptional customer service.

Loloft, Innovative National Industrial Coworking Company, Signs 12 Year Lease for 50,000 Square Feet in Workspace Property Trust’s Premier Suburban Phoenix Location

Retrieved on: 
Monday, December 11, 2023

Workspace Property Trust (Workspace), the preeminent US suburban commercial office property owner and partner for the Fortune 1000, announced today that Loloft, an innovator in the industrial coworking industry, has leased 51,902 square feet of space at 4750 South 44th Place in Phoenix, Arizona.

Key Points: 
  • Workspace Property Trust (Workspace), the preeminent US suburban commercial office property owner and partner for the Fortune 1000, announced today that Loloft, an innovator in the industrial coworking industry, has leased 51,902 square feet of space at 4750 South 44th Place in Phoenix, Arizona.
  • Loloft, short for "Local Logistics, Flexible Terms,” has seen strong success and proof-of-concept with their first location in Downtown Rogers, Arkansas adjacent to Walmart’s headquarters in Bentonville.
  • Workspace owns and operates suburban office and light industrial buildings in 14 of the top 20 US metropolitan areas and has owned the 4750 South 44th Place property since 2016.
  • Loloft is on the leading edge of the industrial coworking industry and a perfect tenant for 4750 44th Street.

GMS Reports Second Quarter Fiscal 2024 Results

Retrieved on: 
Thursday, December 7, 2023

GMS Inc. (NYSE: GMS), a leading North American specialty building products distributor, today reported financial results for the fiscal second quarter ended October 31, 2023.

Key Points: 
  • GMS Inc. (NYSE: GMS), a leading North American specialty building products distributor, today reported financial results for the fiscal second quarter ended October 31, 2023.
  • Net debt leverage was 1.5 times as of the end of the quarter, down from 1.6 times at the end of the second quarter of fiscal 2023.
  • For the second quarter of fiscal 2024, cash provided by operating activities improved to $118.1 million, compared to cash provided by operating activities of $107.3 million in the prior year period.
  • GMS will host a conference call and webcast to discuss its results for the second quarter of fiscal 2024 ended October 31, 2023 and other information related to its business at 8:30 a.m. Eastern Time on Thursday, December 7, 2023.

Carvana and Phoenix Rising FC Ink Multi-Year Commitment, Extending Their Winning Streak for a Seventh Season and Beyond

Retrieved on: 
Wednesday, December 6, 2023

Carvana , an industry pioneer for buying and selling used cars, announces the multi-year extension of its partnership with Phoenix Rising FC.

Key Points: 
  • Carvana , an industry pioneer for buying and selling used cars, announces the multi-year extension of its partnership with Phoenix Rising FC.
  • View the full release here: https://www.businesswire.com/news/home/20231206893966/en/
    Carvana Signs Multi-Year Deal with Phoenix Rising FC (Graphic: Business Wire)
    "I am thrilled to once again be extending our partnership with Carvana," said Phoenix Rising FC President, Bobby Dulle.
  • “Carvana takes great pride in extending our partnership with Phoenix Rising FC,” said Ryan Keeton, Chief Brand Officer at Carvana.
  • For more details about the upcoming 2024 season, matches, and youth program offerings, please visit https://www.phxrisingfc.com/

University of Phoenix Empowers Young Minds with Hackathon Jr. Event

Retrieved on: 
Wednesday, December 6, 2023

Geared towards nurturing budding talents in technology and innovation, the event provides a unique platform for young minds to explore the world of coding and problem-solving.

Key Points: 
  • Geared towards nurturing budding talents in technology and innovation, the event provides a unique platform for young minds to explore the world of coding and problem-solving.
  • "Hackathon Jr. provides an incredibly valuable experience as it allows young minds to experience their potential in the world of technology,” shares University of Phoenix Agile People Leader Cora Asher.
  • “The Hackathon Jr. is not just an event; it's an opportunity for our future leaders to explore, collaborate, and learn the art of problem-solving.
  • "We are thrilled to have the opportunity to hold the Hackathon Jr. event at the University of Phoenix," said Lorenzo, Co-founder and CEO of Hackathon Jr. "University of Phoenix and Hackathon Jr. both believe in empowering the next generation of innovators, and events like this celebrate our mutual commitment to providing accessible and enriching educational experiences.