CRE

ViVO Real Estate Group Charts New Course, Announces New Strategic Partnership and Acquisition

Retrieved on: 
Thursday, April 4, 2024
Other Construction & Property, Commercial Building & Real Estate, Construction & Property, Bank of America, CCIM, Growth, Partnership, Knowledge, Bank, Tenant, CRE, Acquisition, Vivo, University, Senior, MBA, American City Business Journals, Florida International University, HSBC, Multimedia, Wells Fargo, Management

Additionally, ViVO has acquired boutique full-service brokerage firm JACOG Advisors led by Francisco Giron, MBA, CCIM, introducing a new step for ViVO into the capital markets side of the business.

Key Points: 
  • Additionally, ViVO has acquired boutique full-service brokerage firm JACOG Advisors led by Francisco Giron, MBA, CCIM, introducing a new step for ViVO into the capital markets side of the business.
  • The strategic shift, recent acquisition and new partnership have been in the works since January as ViVO’s leadership team looked to position itself to capitalize on the surge of new construction in the region.
  • His impressive track record in commercial brokerage and strategic advisory roles has solidified his reputation as a leading expert in South Florida's real estate market.
  • This strategic alignment aims to bolster ViVO's market position, ensuring the delivery of comprehensive and sophisticated real estate solutions to meet the evolving needs of its clientele.

Building Engines Chooses SharpLaunch as Exclusive Provider of CRE Marketing Functionality for Prism

Retrieved on: 
Wednesday, April 3, 2024
Marketing, Digital Marketing, Communications, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Building Systems, Partnership, PMT, NOI, Prism, Tenant, Growth, CRE

This exclusive partnership between Prism and SharpLaunch represents a significant advancement in commercial real estate technology, empowering property managers to leverage top-tier property management alongside best-in-class CRE marketing tools to maximize Net Operating Income (NOI).

Key Points: 
  • This exclusive partnership between Prism and SharpLaunch represents a significant advancement in commercial real estate technology, empowering property managers to leverage top-tier property management alongside best-in-class CRE marketing tools to maximize Net Operating Income (NOI).
  • “The Building Engines Prism solution is recognized throughout the CRE industry as the leading building operations platform,” said Bob Samii, CEO of SharpLaunch.
  • “We are thrilled that Building Engines chose SharpLaunch to be the sole provider of CRE marketing functionality for Prism.
  • SharpLaunch is committed to helping Building Engines customers unlock new opportunities for growth and differentiation in an increasingly competitive landscape.”
    “Today’s CRE landscape demands marketing solutions that can keep pace with industry trends and deliver measurable results,” stated Daniel Russo, President of JLLT Property Management Technology (PMT).

KCP Credit Analysis Now Available on the Bloomberg Terminal

Retrieved on: 
Thursday, March 28, 2024
Banking, Professional Services, Insurance, Finance, SYT, Research, CRE, Lisp (programming language), KBRA, Bloomberg Terminal, BVAL, Senior, Credit, Workflow, CMBS, KCP, KRBA, Freddie Mac

KBRA Credit Profile (KCP), an industry-leading monthly surveillance platform covering more than 1,300 commercial real estate (CRE) securitizations including collateralized loan obligations (CLOs), is pleased to announce that KCP’s proprietary, deal-level statistics are now available on the Bloomberg Terminal.

Key Points: 
  • KBRA Credit Profile (KCP), an industry-leading monthly surveillance platform covering more than 1,300 commercial real estate (CRE) securitizations including collateralized loan obligations (CLOs), is pleased to announce that KCP’s proprietary, deal-level statistics are now available on the Bloomberg Terminal.
  • In addition, mutual KCP and Bloomberg customers that are entitled by KBRA may access in-depth commentaries and scenarios, enhancing Bloomberg Terminal workflow solutions and providing commercial mortgage-backed securities (CMBS) investors with the latest analysis on CRE collateral.
  • The enhanced credit analysis on the Bloomberg Terminal builds on KCP's work with Bloomberg's premier evaluated pricing service, BVAL , which incorporates KCP information into its daily pricing snapshots to provide the highest quality pricing on difficult-to-price securities.
  • Kate Kennedy, Senior Managing Director at KRBA, said: “KBRA Analytics is thrilled to now offer its KCP product’s timely and best-in-class CRE analysis and research on the Bloomberg Terminal.

Benefit Street Partners L.L.C. Announces Closing of $120 Million Loan on a Texas Office Portfolio

Retrieved on: 
Thursday, March 28, 2024
Professional Services, Commercial Building & Real Estate, Finance, Construction & Property, Asset Management, REIT, Silver, Commercial property, BSP, RMWC, City, CRE, Creativity, Real estate

(“BSP” or the “Company”) today announced the closing of a $120 million floating-rate senior loan to Silver Star Properties REIT (“Silver Star”), intended to facilitate the liquidation of Silver Star’s legacy real estate portfolio.

Key Points: 
  • (“BSP” or the “Company”) today announced the closing of a $120 million floating-rate senior loan to Silver Star Properties REIT (“Silver Star”), intended to facilitate the liquidation of Silver Star’s legacy real estate portfolio.
  • Silver Star expects to sell all current assets within their portfolio and subsequently acquire self-storage properties and transition to a self-storage REIT.
  • RMWC, a boutique private lender, provided a co-terminus second mortgage loan for $15 million at closing, for a combined loan of $135 million.
  • An inventory loan on office, retail, and industrial assets in three different cities is not something many lenders are capable of handling.

KBRA Assigns Ratings to Provident Financial Services, Inc.

Retrieved on: 
Monday, March 25, 2024
Banking, Professional Services, Insurance, Finance, BBB, Provident Bank, Risk, NCO, ESG, Tenant, Provident, CRE, Acquisition, Capital, KBRA, Outlook, NIM, PFS, Telescopic sight

KBRA assigns a senior unsecured debt rating of BBB+, a subordinated debt rating of BBB, and a short-term debt rating of K2 to Iselin, New Jersey-based Provident Financial Services, Inc. (NYSE: PFS) ("Provident" or "the company").

Key Points: 
  • KBRA assigns a senior unsecured debt rating of BBB+, a subordinated debt rating of BBB, and a short-term debt rating of K2 to Iselin, New Jersey-based Provident Financial Services, Inc. (NYSE: PFS) ("Provident" or "the company").
  • In addition, KBRA assigns deposit and senior unsecured debt ratings of A-, a subordinated debt rating of BBB+, and short-term deposit and debt ratings of K2 to its main subsidiary, Provident Bank.
  • Provident’s ratings are supported by its well-executed banking model that has been implemented by an experienced management team, which has produced favorable long-term performance through various economic and interest rate cycles.
  • Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com .

Thompson Thrift's Slate at Fishers District Named 2024 Multifamily Development of the Year in CoStar Impact Awards

Retrieved on: 
Tuesday, April 2, 2024
Slate, Trade, Growth, CoStar Group, CRE, Stainless steel, United, Linear park, Commercial property

INDIANAPOLIS, April 2, 2024 /PRNewswire/ -- Thompson Thrift, a full-service real estate company engaged in multifamily, mixed-use, retail, industrial and commercial projects across the country, earned national recognition today when Slate at Fishers District was named the multifamily development of the year for Indianapolis as part of the 2024 CoStar Impact Awards. Winners—chosen for their growth, diversification, and ability to overcome unique challenges in their markets—were selected from a panel of more than 660 industry professionals drawn from each respective market.

Key Points: 
  • INDIANAPOLIS, April 2, 2024 /PRNewswire/ -- Thompson Thrift , a full-service real estate company engaged in multifamily, mixed-use, retail, industrial and commercial projects across the country, earned national recognition today when Slate at Fishers District was named the multifamily development of the year for Indianapolis as part of the 2024 CoStar Impact Awards.
  • Sitting on approximately 25 acres in the master-planned Fishers District development, Slate at Fishers District consists of one-, two- and three-bedroom villas, along with three- and four-bedroom townhomes, all in a modern farmhouse style.
  • "Now in its third year, the CoStar Impact Awards are an incredible opportunity to recognize the real estate projects fundamentally transforming the industry landscape," said Andy Florance, Founder and Chief Executive Officer of CoStar Group.
  • Thompson Thrift is a full-service real estate development company focused on ground-up commercial and mixed-use development across the Midwest, Southeast and Southwest.

SOCOTEC Spearheads Expert Guidance in Construction Site Challenges and Troubled Project Turnarounds

Retrieved on: 
Thursday, March 28, 2024
Risk, Senior, Certification, Studio B, TIC, Building material, CRE, Engineering, Communication, Safety, Risk management

Such complexities frequently manifest as scheduling delays, job site frustrations, and budgetary tensions, prompting building owners to seek effective solutions.

Key Points: 
  • Such complexities frequently manifest as scheduling delays, job site frustrations, and budgetary tensions, prompting building owners to seek effective solutions.
  • SOCOTEC, a nationwide firm renowned for its architectural, engineering, and construction consulting services, emerges as a beacon of resolution, identifying and solving critical issues that hinder project delivery.
  • SOCOTEC experts emphasize the importance of third-party assistance to assess project planning, execution, delivery and any other complex situations that can take part on a construction project site in order to resolve conflicts and get the project back on track to a successful completion.
  • SOCOTEC's proactive project advisory expertise offers comprehensive services including project management, project loss consulting, and CRE assessment, aimed at reducing risk and enhancing project outcomes.

Northwind Group Welcomes Robert Kalish as Managing Director, Head of Capital Markets

Retrieved on: 
Wednesday, March 27, 2024
Royal Bank of Scotland, NatWest Markets, Royal Bank, Knowledge, Capital market, RBS, Health care, CRE, KPG

NEW YORK, March 27, 2024 /PRNewswire/ -- Northwind Group, a Manhattan-based real estate private equity firm and debt fund manager, announced today the appointment of Robert Kalish as the company's Managing Director, Head of Capital Markets. In this role, Kalish will lead Northwind's capital markets, fund raising, capital formation and business development initiatives. Kalish will report to Founder and Managing Partner Ran Eliasaf and work closely with the leadership team to oversee company growth. Kalish is well respected in the financial services sector and brings years of experience across multiple alternative investment asset classes and strategies. Over his career, Kalish spearheaded capital formations with about $3B of capital raised across alternative products.

Key Points: 
  • NEW YORK, March 27, 2024 /PRNewswire/ -- Northwind Group , a Manhattan-based real estate private equity firm and debt fund manager, announced today the appointment of Robert Kalish as the company's Managing Director, Head of Capital Markets.
  • In this role, Kalish will lead Northwind's capital markets, fund raising, capital formation and business development initiatives.
  • Kalish will report to Founder and Managing Partner Ran Eliasaf and work closely with the leadership team to oversee company growth.
  • Over his career, Kalish spearheaded capital formations with about $3B of capital raised across alternative products.

Newmark's Data Visualization Technology and Service, Newlitic™, Receives ISO/IEC 27001 Certification

Retrieved on: 
Tuesday, March 26, 2024
Certification, Newmark Group, CRE, Data, ISO/IEC, Risk management

Newlitic, launched in 2023 , is a versatile and intuitive software and service tool for corporate real estate (CRE) professionals.

Key Points: 
  • Newlitic, launched in 2023 , is a versatile and intuitive software and service tool for corporate real estate (CRE) professionals.
  • "Receiving this certification show's Newmark's dedication to data protection," said Mike Runicles , Chief Operating Officer, Global Corporate Services.
  • "Our technology team has delivered a product that inspires client confidence, empowering leaders to analyze real estate metrics effectively and advance their data-driven strategies."
  • With the ability to connect to multiple data sources and implement at scale, Newlitic helps users track trends, anticipate challenges and quickly make effective decisions.

Join Us for CREFC's Spring Symposium in New York

Retrieved on: 
Wednesday, March 20, 2024
Olympic Games, Network, CRE, Mentorship, Woman, Collection, World championship, Hearing, Management

NEW YORK, March 20, 2024 /PRNewswire/ -- The CRE Finance Council (CREFC), the trade association that exclusively represents the nearly $6 trillion commercial and multifamily real estate finance industry, will host its annual Spring Symposium on April 16 in New York City. Now in its eighth year, this event offers a robust program that is a component of CREFC's ongoing effort to enhance the visibility and profile of women professionals in commercial real estate finance.

Key Points: 
  • NEW YORK, March 20, 2024 /PRNewswire/ -- The CRE Finance Council (CREFC), the trade association that exclusively represents the nearly $6 trillion commercial and multifamily real estate finance industry, will host its annual Spring Symposium on April 16 in New York City.
  • Ms. Pendergast added: "The Spring Symposium is part of CREFC's ongoing effort to provide women professionals opportunities to network and build their careers through mentoring.
  • This year's Spring Symposium features Dr. Colleen M. Hacker, a mental skills coach and performance psychology specialist who was a coaching staff member for six Olympic Games and a dozen World Championship events.
  • Following the speed mentoring, this year's Spring Symposium offers a series of panel sessions addressing timely topics and issues for CRE finance professionals, including: