MMI

Nonprofit Money Management International (MMI) Reveals Insights on the Hispanic Financial Experience

Retrieved on: 
Wednesday, March 27, 2024
Foreign policy, Hispanic, MBE, Minority business enterprise, Education, Research, MMI, Money Management International, Senior counsel, Service provider, Perception, JPMorgan Chase

The study sheds light on the unique financial experiences and challenges faced by Hispanic consumers.

Key Points: 
  • The study sheds light on the unique financial experiences and challenges faced by Hispanic consumers.
  • Debt Perception and Management: Hispanics expressed negative feelings towards debt, with a strong desire for education and support to effectively manage their financial obligations.
  • "We have been committed to serving the Hispanic community for decades, and we are excited about the potential this research unlocks.
  • By understanding the nuances of Hispanic financial experience, we can evolve our outreach and programs to continue to meet their unique needs," said Michelle Jones , Chief External Affairs Officer at MMI.

Marcus & Millichap Publishes Institutional Multifamily Market Intelligence Report

Retrieved on: 
Thursday, March 21, 2024
Professional Services, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, Consulting, REIT, Momentum, IPA, MMI, Marcus & Millichap, Research, Growth, Face, San Francisco Bay Area, Property management

Marcus & Millichap (NYSE:MMI) , a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today it has released its Markets with Momentum report.

Key Points: 
  • Marcus & Millichap (NYSE:MMI) , a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today it has released its Markets with Momentum report.
  • The report cites key national multifamily performance statistics from February on rent growth, lease renewals, and vacancy.
  • Highlights of the report include:
    Nationally, average monthly apartment rents have climbed $6 so far in 2024.
  • This small improvement reverses the trend of mild rent cuts seen during the last half of 2023.

$125 Million Silicon Valley Multifamily Asset Sale and Financing Brokered by Institutional Property Advisors

Retrieved on: 
Monday, March 18, 2024
Commercial Building & Real Estate, Construction & Property, Finance, Consulting, Professional Services, Luxury, Retail, Residential Building & Real Estate, Community, Intel, EBay, Apple, Netflix, IPA, Air conditioning, Sale, Acquisition, MMI, Marcus & Millichap, Silicon, Samsung, Cisco, Adobe, State, PayPal

Institutional Property Advisors (IPA) , a division of Marcus & Millichap (NYSE: MMI) , announced today the sale of Prado, a 251-unit multifamily asset in Santa Clara, California.

Key Points: 
  • Institutional Property Advisors (IPA) , a division of Marcus & Millichap (NYSE: MMI) , announced today the sale of Prado, a 251-unit multifamily asset in Santa Clara, California.
  • The property traded for $125 million, or $498,008 per unit.
  • IPA Capital Markets arranged $73.5 million in acquisition financing.
  • “Investor demand for quality assets in supply-constrained markets is on the rise, as demonstrated by high engagement levels on listing assignments.

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.

GrowGeneration Reports Fourth Quarter and Full Year 2023 Financial Results; Provides First Quarter and Full Year 2024 Guidance

Retrieved on: 
Thursday, March 14, 2024
Cannabis, Agriculture, Natural Resources, Retail, Specialty, Tax, Growth, Vegetable, Webcast, Gardening, Sale, MMI, Depreciation, GAAP, Rationalization, Use, Calendar

Net revenues decreased $5.0 million, or 9%, to $49.5 million for the fourth quarter ended December 31, 2023, compared to $54.5 million for the fourth quarter ended December 31, 2022.

Key Points: 
  • Net revenues decreased $5.0 million, or 9%, to $49.5 million for the fourth quarter ended December 31, 2023, compared to $54.5 million for the fourth quarter ended December 31, 2022.
  • Net revenues for same-store sale locations open for the same period in 2022 and 2023 were $35.6 million in the fourth quarter 2023, compared to $37.0 million in the fourth quarter 2022.
  • Gross profit was $11.6 million for the fourth quarter 2023, an increase of $2.1 million, compared to gross profit of $9.6 million for the fourth quarter 2022.
  • Non-GAAP Adjusted EBITDA(1) was a loss of $3.7 million in the fourth quarter 2023, compared to a loss of $10.2 million in the fourth quarter 2022.

AlphaTrAI Names Seasoned FinTech Business Executive John F. Sweeney as President

Retrieved on: 
Thursday, April 4, 2024
Momentum, Automation, Exchange-traded fund, Unified managed account, Labour, Provenance, ETF, Fintech, Blockchain, SAN, Artificial intelligence, SMA, Entrepreneurship, AI, Osprey, Non-fungible token, MMI, Fidelity Investments, Investment, UMA, Cryptocurrency

SAN DIEGO, April 4, 2024 /PRNewswire/ -- AlphaTrAI, a technology consulting and service provider for the wealth and asset management industry, delivering results through the application of artificial intelligence and applied technologies, today announced the appointment of financial services executive, accomplished entrepreneur and FinTech innovator John Sweeney as its new president. Mr. Sweeney will use his over three decades of leadership experience, deep industry expertise and technological capabilities to lead the firm in implementing its strategic vision to drive automation and efficiency into the wealth and asset management industries. He will report directly to industry veteran and AlphaTrAI CEO and Chairman Bill Dwyer.

Key Points: 
  • John's a business builder who not only stays ahead of the curve but who can see around corners to maximize outcomes."
  • Before joining Osprey, he was Head of Wealth and Asset Management at Figure Technologies, a FinTech unicorn building Business to Consumer (B2C) financial products on top of a Business to Business (B2B) blockchain called Provenance.
  • "I've been watching Bill and his team at AlphaTrAI do extraordinary things at the intersection of AI and portfolio construction.
  • Mr. Sweeney spent over 19 years at Fidelity Investments as an Executive Vice President and head of several areas, including the managed accounts business, trust bank, retirement planning and portfolio construction tools and mutual fund product management.

Trailbreaker Resources Expands Land Package and Receives Drill Permit for Liberty Copper Property

Retrieved on: 
Monday, February 26, 2024
MMI, Acquisition, Soil, Outline, Anomaly, News, The Liberty Project, Liberty, Gold, AG, Copper

In addition, an existing drilling permit for the Liberty property has been transferred to Trailbreaker.

Key Points: 
  • In addition, an existing drilling permit for the Liberty property has been transferred to Trailbreaker.
  • The permit allows Trailbreaker to conduct a first-pass drilling program to test the Liberty Cu-Mo porphyry target.
  • Trailbreaker has initiated a “Request For Proposal” process with drill contractors to conduct a drilling program at Liberty in spring, 2024.
  • The existing permit will strategically allow us to drill-test the Cu-Mo porphyry target while also advancing additional targets across the property.

Marcus & Millichap Brokers $79 Million Orange County Multifamily Asset Sale

Retrieved on: 
Thursday, February 22, 2024
REIT, Finance, Professional Services, Commercial Building & Real Estate, Construction & Property, MMI, County, Honda Center, Hope International University, Leeson, Growth, Sale, Anaheim Regional Medical Center, Marcus & Millichap, California State University, Kaiser Permanente, Cypress College, Research, Partnership, Commercial property

Marcus & Millichap (NYSE:MMI) , a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Chateau de Ville, a 254-unit multifamily property in Anaheim, California.

Key Points: 
  • Marcus & Millichap (NYSE:MMI) , a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Chateau de Ville, a 254-unit multifamily property in Anaheim, California.
  • The asset was brought to market for the first time in over 50 years and traded for $79,076,710 or $311,326 per unit.
  • “Orange County has been the tightest major rental market in California for the past three years, and this trend is projected to continue with a fourth straight year of rent growth,” said Tyler Leeson, executive managing director investments in Marcus & Millichap’s Orange County office.
  • Leeson and Matt Kipp, Marcus & Millichap first vice president investments, represented the seller, a long-term partnership, and procured the buyer, a private investor.

Money Management Institute launches Academy in collaboration with NYU Stern Executive Education

Retrieved on: 
Thursday, February 29, 2024
MMI, Executive education, Education, CFA Institute, Curriculum, Learning, NYU, Business, Ecosystem, CAIA, NexGen, Knowledge, Investment, Management

NEW YORK, Feb. 29, 2024 /PRNewswire/ -- The Money Management Institute (MMI) is thrilled to announce the launch of Academy, its new professional development offering for future leaders in the financial services industry. Academy is a three-week career development program for NexGen investment professionals who have fewer than five years of experience. This program – delivered in collaboration with NYU Stern Executive Education – offers exposure to the latest management and leadership theories and applications as well as the varied roles, functions, and institutions of the financial services ecosystem.

Key Points: 
  • This program – delivered in collaboration with NYU Stern Executive Education – offers exposure to the latest management and leadership theories and applications as well as the varied roles, functions, and institutions of the financial services ecosystem.
  • Successful completion of this hybrid experience will equip participants with NYU Stern Executive Education co-branded certificates, professional upskilling, and an expanded network.
  • NYU Stern Executive Education certificate programs are led by Stern's world-renowned faculty and are designed for executives to retool, advance and expand their skills and knowledge.
  • Interested professionals and their management teams are encouraged to learn more about the Academy program on the MMI website ( www.mminst.org/academy ).

2024 Outlook: Middle Market Companies Set Financial Growth Records, Yet Remain Cautiously Optimistic Amid Emerging Risks

Retrieved on: 
Thursday, February 22, 2024
MMI, Attack, Risk management, Growth, Risk, Executive summary, Health, Chubb, NCMM, Insurance

WHITEHOUSE STATION, N.J., Feb. 22, 2024  /PRNewswire/ -- Chubb and the National Center for the Middle Market (NCMM) released today new data that reveals middle market companies demonstrated continued robust growth against the backdrop of inflationary pressures, cybersecurity threats, natural catastrophes and insurance coverage gaps. These findings are the centerpiece of the 2023 Year-End Middle Market Indicator (MMI).

Key Points: 
  • Middle market companies reported strong revenue growth compared to one year ago.
  • "Middle market companies are a bellwether for the overall health of the U.S. economy, and our survey shows they are posting record growth," said Ben Rockwell, Division President, Chubb Middle Market.
  • Increasing preparedness for emerging risks continues to be top of mind for the middle market.
  • The threat landscape for managing cybersecurity looms large for middle market companies, with 33% identifying insufficient cybersecurity protection.