Cushman & Wakefield

Cushman & Wakefield Sells, Greystone Provides $14.6 Million in Acquisition Financing for Multifamily Property in Savannah, Georgia

Retrieved on: 
Wednesday, October 25, 2023
Sale, Growth, Cushman & Wakefield, Cushman, Acquisition, Financial services

The financing was originated by Carter King, Director at Greystone, and sale arranged by Nelson Abels, Taylor Bird, Laura Aylor, and Austin Weathington of Cushman & Wakefield’s Sunbelt Multifamily Advisory Group.

Key Points: 
  • The financing was originated by Carter King, Director at Greystone, and sale arranged by Nelson Abels, Taylor Bird, Laura Aylor, and Austin Weathington of Cushman & Wakefield’s Sunbelt Multifamily Advisory Group.
  • Constructed in 2004, Bradley Pointe Apartments in Chatham County is a garden-style community offering one-, two-, three- and four-bedroom units.
  • This value-add opportunity is well situated in the Georgetown submarket with true barriers to entry and lack of supply.
  • The property will benefit from 17k new jobs coming to the market poised for future growth.

Caliber Completes Sale of Northsight Crossing Retail Center in Scottsdale

Retrieved on: 
Wednesday, October 25, 2023
Commercial Building & Real Estate, Construction & Property, Professional Services, Finance, Sale, Cushman & Wakefield, Tenant, Broker, Cryptocurrency, Commercial property, Caliber

CaliberCos Inc. (NASDAQ: CWD) (“Caliber”), a real estate investor, developer, and manager, today announced the sale of Northsight Crossing, a prominent retail center located in Scottsdale, Ariz.

Key Points: 
  • CaliberCos Inc. (NASDAQ: CWD) (“Caliber”), a real estate investor, developer, and manager, today announced the sale of Northsight Crossing, a prominent retail center located in Scottsdale, Ariz.
  • The property was purchased in January 2022 by Northsight Crossing AZ, LLC, a Caliber co-sponsored single asset syndication, for $21.1 million and was sold this month to Hunt Retail Investments, LLC, a local investment group for $27.4 million.
  • Following the purchase of this retail center, Caliber and its partners completed tenant improvements and executed a number of new leases, resulting in a sale at a capitalization rate of 6.75%.
  • “This asset sale is another example of the value that Caliber’s investment platform offers the market,” said Chris Loeffler, CEO of Caliber.

Amazon hires Azul to speed up deliveries in the North of Brazil

Retrieved on: 
Wednesday, October 25, 2023
Cushman & Wakefield, Health, Growth, City, Safety, Motorcycle, Investment, Airline, Warehouse, Amazon

SÃO PAULO, Oct. 25, 2023 /PRNewswire/ -- Amazon and Azul Linhas Aéreas Brasileiras signed an agreement to strengthen the package delivery capacity in the North region of Brazil. Thanks to this project with the largest company in terms of number of commercial flights and cities served in the national territory, Amazon consumers in local metropolis like Manaus and Belém, for example, will start to receive orders transported on Azul planes within two days, and in Macapá, in up to three.

Key Points: 
  • Amazon serves 100% of the municipal districts in Brazil through the combination of its operation and third-party partners.
  • The project with Azul Cargo has airlines that will transport packages from the Amazon Fulfillment Center, in Cajamar (SP), to cities in the North region.
  • Amazon now takes advantage of this breadth and connectivity of air networks to further optimize its deliveries in the country.
  • In addition, Azul Cargo's seven own aircrafts cover national routes with higher demand and all the safety and speed that the market demands.

Jennifer Staciokas Joins Connexus Living Board of Directors

Retrieved on: 
Tuesday, October 24, 2023
Insurance, Cushman & Wakefield, SVP, Entrepreneurship, Cushman, RFP, Pleasure, Property management, Pinnacle, Marketing

WASHINGTON, Oct. 24, 2023 /PRNewswire-PRWeb/ -- Connexus Living, the nation's leading no-cost procurement and request for proposal (RFP) company in the real estate sector, announced today that industry veteran Jennifer Staciokas has joined its Board of Directors.

Key Points: 
  • WASHINGTON, Oct. 24, 2023 /PRNewswire-PRWeb/ -- Connexus Living , the nation's leading no-cost procurement and request for proposal (RFP) company in the real estate sector, announced today that industry veteran Jennifer Staciokas has joined its Board of Directors.
  • "Connexus Living is tackling the often overlooked time-intensive contract, insurance and procurement process in the real estate industry," says Staciokas.
  • It is an honor to serve on the Connexus Living Board as they continue to optimize processes and change how the industry manages procurement and RFPs."
  • "I have had the pleasure of knowing Jennifer for more than 20 years and we could not be more humbled to have her join our Board," says Joe Summers, Co-Founder and COO of Connexus Living.

Business Park Sofia Appoints Jordan Krastev as Chief Commercial Officer and Managing Director

Retrieved on: 
Monday, October 23, 2023
Commercial Building & Real Estate, Construction & Property, Professional Services, Business, Business Park Sofia, Business park, Growth, Cushman & Wakefield, Cushman, CCO, Strategic planning, University of National and World Economy, Management

Business Park Sofia is proud to announce the appointment of Jordan Krastev as the Chief Commercial Officer (CCO) and Managing Director, a strategic move that reflects the company's commitment to continued growth of the Park.

Key Points: 
  • Business Park Sofia is proud to announce the appointment of Jordan Krastev as the Chief Commercial Officer (CCO) and Managing Director, a strategic move that reflects the company's commitment to continued growth of the Park.
  • Mr. Krastev brings a wealth of experience and a proven track record of success to his new role, as he rejoins Business Park Sofia.
  • "We are thrilled to welcome back Jordan Krastev as our Chief Commercial Officer and Managing Director.
  • His deep industry knowledge, strategic mindset, and dynamic leadership skills will be instrumental in guiding Business Park Sofia to new heights," said Tomasz Radwanski – Managing Partner at Business Park Sofia/Arco Capital.

Skechers Celebrates 15 Years of Giving at This Month’s Skechers Pier to Pier Friendship Walk for Kids

Retrieved on: 
Monday, October 23, 2023
General Sports, Entertainment, Teens, Fashion, Children, Footwear, Retail, Celebrity, University, Primary, Secondary, Finance, Education, Banking, Professional Services, Philanthropy, DEI (Diversity, Equity and Inclusion), Fund Raising, Foundation, Textiles, Consumer, People with Disabilities, Sports, Manufacturing, Events, Concerts, Science, Snyder Memorial Museum and Creative Arts Center, Life skills, Ross Stores, Cushman & Wakefield, Bank, Los Angeles Angels, Futurepop, Workforce, Apple TV, Volunteering, Athlete, Hulu, Multimedia, Friends, Learning, Sign language, Leisure, Massachusetts Board of Education, Bank of America, Rest, Yoga, TJX Companies, Student, Rare Beauty, Love, Netflix, Music, WSS, Big 5 Sporting Goods, Los Angeles Dodgers, Library, Skechers, McCarthy, Nursing, Campus, Nickelodeon, Walking, Los Angeles Kings, Kinecta Federal Credit Union, Turkish Airlines, The Walt Disney Company

View the full release here: https://www.businesswire.com/news/home/20231023378750/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20231023378750/en/
    Skechers Pier to Pier Friendship Walk Founder Michael Greenberg celebrates the 2022 event in Manhattan Beach, CA.
  • (Photo: Business Wire)
    “Over 15 years, our Walk has changed the lives of thousands of kids.
  • Today, we are making an indelible impact on children, families, volunteers, and companies that support our work,” said Michael Greenberg, founder of the Skechers Pier to Pier Friendship Walk.
  • Our kids work hard and we should have their backs, every single day.”
    Skechers Pier to Pier Friendship Walk donations support the future Friendship Campus (The Greenberg Family / Skechers Center)—a $55 million, 3.25-acre campus that will offer a life-changing community for friendship and learning.

18th Annual Sam's Night Event Raises Over $1,400,000 For Duchenne Muscular Dystrophy Research

Retrieved on: 
Thursday, October 19, 2023
Cushman & Wakefield, PwC, Sam's Club, Clarion Partners, Colliers (company), PGIM, Research, Altus Group, Friends, PPMD, Male, Growth, Wells Fargo, JLL, Vinson & Elkins, Duchenne, Duchenne muscular dystrophy, CBRE, Trammell Crow Company, Ernst & Young, Private investigator, Fidelity National Financial

DALLAS, Oct. 19, 2023 /PRNewswire/ -- The Killian family, of Rockwall, are celebrating a record-breaking fundraising milestone with their annual Sam's Night event, to benefit Parent Project Muscular Dystrophy (PPMD). The 18th annual fundraiser, held on Thursday, October 12, 2023, raised an impressive sum of over $1,400,000. This fundraising success broke their previous record from last year's event when they raised $1.1 million. Thanks to its generous supporters, Sam's Night has raised $5.6 million since its inception in 2005.

Key Points: 
  • DALLAS, Oct. 19, 2023 /PRNewswire/ -- The Killian family, of Rockwall, are celebrating a record-breaking fundraising milestone with their annual Sam's Night event , to benefit Parent Project Muscular Dystrophy (PPMD).
  • The 18th annual fundraiser, held on Thursday, October 12, 2023, raised an impressive sum of over $1,400,000.
  • Thanks to its generous supporters, Sam's Night has raised $5.6 million since its inception in 2005.
  • Sam's Night (originally known as Sam's Family Fun Day) was started by the Killian family after their son Sam was diagnosed with Duchenne muscular dystrophy (Duchenne).

Cushman & Wakefield Arranges, Greystone Provides $223,869,000 Refinancing for The Harbor Point Portfolio in Stamford

Retrieved on: 
Tuesday, October 10, 2023
Freddie Mac, Harbor Point, Interstate Highway System, Metro-North Railroad, Glenbrook station (Metro-North), One Bedroom, Stamford Transportation Center, Capital market, Rosenberg, Cushman & Wakefield, Commercial property, Hotel, Amtrak, Towne Street Historic District

Greystone’s Judah Rosenberg originated the four loans, all seven-year fixed-rate Freddie Mac mortgages with 35-year amortization periods.

Key Points: 
  • Greystone’s Judah Rosenberg originated the four loans, all seven-year fixed-rate Freddie Mac mortgages with 35-year amortization periods.
  • “We are thrilled to have successfully arranged the financing for the Harbor Point Portfolio, featuring four prestigious Class A multifamily properties situated in Stamford's coveted South End,” said Alascio.
  • The portfolio consists of a mix of studio, one-bedroom, two-bedroom and three-bedroom units ranging from 544 square feet to 1,429 square feet.
  • The portfolio is located within a ten-minute walk from the Stamford Transportation Center, servicing the Metro-North and Amtrak trains allowing convenient access to and from Manhattan.

Enterprise Connect Announces 2024 Event Program, with a Heavy Focus on Enterprise End User Speakers

Retrieved on: 
Tuesday, October 10, 2023
Technology, Other Communications, Consulting, Marketing, Other Technology, Thought Leadership, Communications, Professional Services, Other Professional Services, EY, Consultant, Yum, Gaylord Palms Resort & Convention Center, Exhibition, Delta Air Lines, Medtronic, Connect, Software, Learning, Keurig, Cushman & Wakefield, Conference, Mobile phone

The event takes place March 25-28, 2024 at the Gaylord Palms in Orlando, FL.

Key Points: 
  • The event takes place March 25-28, 2024 at the Gaylord Palms in Orlando, FL.
  • “I’m thrilled to have an incredibly robust lineup of speakers representing large enterprises, who will lead sessions that their peers will find invaluable,” said Eric Krapf, General Manager, Enterprise Connect.
  • For more than 30 years, Enterprise Connect has brought corporate IT decision makers together with industry vendors, analysts, consultants, and channel partners to focus on the issues central to enterprise communications and customer experience.
  • The Enterprise Connect Conference Program offers more than 50 sessions spanning ten tracks , four of which are new this year:

KBRA Releases Research – Building Vintage Driving Office Distress; Municipal Response Varies

Retrieved on: 
Thursday, October 5, 2023
Professional Services, Other Professional Services, Other Construction & Property, Commercial Building & Real Estate, Finance, Construction & Property, KBRA, City, MSA, Office of Fair Housing and Equal Opportunity, Cushman & Wakefield, 2.0, CMBS

KBRA releases a report on the higher distress rates of older office buildings and how municipalities are dealing with the growing stock of obsolete office properties.

Key Points: 
  • KBRA releases a report on the higher distress rates of older office buildings and how municipalities are dealing with the growing stock of obsolete office properties.
  • When analyzing the CMBS 2.0 office population based on year built, KBRA found that older office buildings are generally associated with higher rates of delinquent or specially serviced current loans (collectively, the distress rate).
  • To combat some of the older vintage office properties with high vacancies that may have become obsolete, cities are taking steps to revive struggling downtown office business districts.
  • In the report, we looked at how the top five MSAs (Denver, Chicago, Philadelphia, Washington, D.C., and Houston) with the highest office distress rates are handling older vintage stock.