CRE

Join Us for CREFC's Spring Symposium in New York

Retrieved on: 
Wednesday, March 20, 2024

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:

Digitalizing Commercial Real Estate Sales: A Streamlined and Cost-Effective Alternative to Traditional Brokerage Methods

Retrieved on: 
Tuesday, March 19, 2024

BOCA RATON, Fla., March 19, 2024 /PRNewswire/ -- Reitrades, the pioneering technology firm leading the digital transformation of CRE investment sales, is redefining industry standards by transforming traditional practices with state-of-the-art digital solutions. Founded by CRE veteran Artur Muller, the company aims to contribute to a future where transactions are conducted with greater ease and at a lower cost.

Key Points: 
  • Reitrades is a private CRE marketplace for accredited investors to purchase and sell mid-market and institutional assets ($10M+) directly, without broker involvement.
  • Sellers engage brokers to assist with the marketing and sales process, aiming to maximize the sales price.
  • In addition, many sellers still rely on brokers for access to buyer networks and guidance/representation.
  • Visit Reitrades' website at www.reitrades.com to apply to join as an accredited buyer or list a property for sale.

BOMI's J. Bradley Kennedy Scholarship Applications Open

Retrieved on: 
Friday, March 15, 2024

ANNAPOLIS, Md., March 15, 2024 /PRNewswire-PRWeb/ -- BOMI's Board of Trustees is pleased to announce that applications for the J. Bradley Kennedy Scholarship are now being accepted. The scholarship was established in 2011 to strengthen the workforce and help ensure industry professionals can access higher education to advance their careers.

Key Points: 
  • ANNAPOLIS, Md., March 15, 2024 /PRNewswire-PRWeb/ -- BOMI's Board of Trustees is pleased to announce that applications for the J. Bradley Kennedy Scholarship are now being accepted.
  • The scholarship was established in 2011 to strengthen the workforce and help ensure industry professionals can access higher education to advance their careers.
  • BOMI created the scholarship in honor of Mr. J. Bradley (Brad) Kennedy's focus on excellence and his lifelong commitment to education.
  • The annual scholarship is awarded to a student who is pursuing a career in property or facilities management.

Yingli Solar Secures Two Prominent French Carbon Footprint Certifications

Retrieved on: 
Friday, March 15, 2024

BAODING, China, March 15, 2024 /PRNewswire/ -- Yingli Solar has recently been awarded the French carbon footprint CRE4 certification and PPE2 certification, distinguishing itself as one of the select few PV enterprises to acquire both esteemed French carbon footprint certifications.

Key Points: 
  • BAODING, China, March 15, 2024 /PRNewswire/ -- Yingli Solar has recently been awarded the French carbon footprint CRE4 certification and PPE2 certification, distinguishing itself as one of the select few PV enterprises to acquire both esteemed French carbon footprint certifications.
  • The French carbon footprint certification, administered by the Commission de Régulation de l'Énergie (CRE), represents the most authoritative standard required for PV products exceeding 100kWp aiming to enter the French market.
  • Consequently, attaining the French carbon footprint certification is particularly challenging, especially the PPE2 certification introduced in 2023, which builds upon the CRE4 criteria with more exacting demands.
  • Yingli Solar, as one of the pioneers in China's PV industry, has consistently led the way in carbon emission reduction and carbon neutrality.

Climate-Resilient Real Estate: Innovative Alliance by Two Climate-Tech Startups

Retrieved on: 
Tuesday, March 12, 2024

Together, the leading climate-tech startups are offering a unified and actionable solution to empower real estate stakeholders — including owners, investors, and asset managers — to manage climate risks effectively and promptly.

Key Points: 
  • Together, the leading climate-tech startups are offering a unified and actionable solution to empower real estate stakeholders — including owners, investors, and asset managers — to manage climate risks effectively and promptly.
  • Leveraging the combined expertise of both platforms, clients gain access to comprehensive climate-risk assessments and transform challenges into opportunities for building asset resilience.
  • "We provide our clients with granular information about the risk of climate hazards to their property.
  • "Our innovative solutions and commitment to data-sharing reflect our dedication to fostering a safer and more resilient future for everyone."

Hilco Corporate Finance Expands Investment Banking Advisory Team

Retrieved on: 
Tuesday, March 12, 2024

CHICAGO, March 12, 2024 /PRNewswire/ -- Hilco Corporate Finance (HCF), Hilco Global's investment banking advisory firm, continues to strengthen its team with the appointment of two industry leaders. Josh Goldberg joins as Senior Managing Director for Consumer and Retail M&A, based in New York City, while Alina Mardesich assumes the role of Managing Director for Commercial Real Estate Finance, based in Los Angeles.

Key Points: 
  • Josh Goldberg joins the team as Senior Managing Director for Consumer & Retail M&A Advisory, and Alina Mardesich as Managing Director for Commercial Real Estate Finance
    CHICAGO, March 12, 2024 /PRNewswire/ -- Hilco Corporate Finance (HCF), Hilco Global's investment banking advisory firm, continues to strengthen its team with the appointment of two industry leaders.
  • Mr. Goldberg commented, "What excited me about joining Hilco to build the healthy M&A advisory practice is the sheer depth of experience and network within the Hilco Corporate Finance team, as well as the Hilco Global organization.
  • I was impressed with the strength of the existing Hilco Corporate Finance team in both Special Situations and Capital Markets and, with a new M&A advisory team, Hilco Corporate Finance is positioned to provide investment banking services to our clients at every stage and circumstance of our middle-market clients."
  • Encompassing capital advisory, M&A advisory, and special situations/ restructuring investment banking services, we continue to build our practice from a client's point of view – focusing on a solutions-oriented, not merely a transactional, approach.

LandGate Announces Strategic Alliance with CoreLogic to Enhance Real Estate and Energy Analytics

Retrieved on: 
Monday, March 11, 2024

This alliance leverages the collective expertise of both companies, culminating in a powerful union of real estate and energy.

Key Points: 
  • This alliance leverages the collective expertise of both companies, culminating in a powerful union of real estate and energy.
  • Together, they aim to provide a comprehensive solution that will benefit various stakeholders in the real estate and energy sectors.
  • "This alliance is testament to what we've been saying for a long time, 'the energy and real estate industries have merged together.'
  • It's a must-have dataset for anyone dealing with real estate or energy assets," says Craig Kaiser, President and Co-Founder of LandGate.

EU banks are robust, but signs of credit quality deterioration are becoming apparent, the EBA’s Risk Dashboard shows

Retrieved on: 
Friday, April 5, 2024

EU banks are robust, but signs of credit quality deterioration are becoming apparent, the EBA’s Risk Dashboard shows

Key Points: 
  • EU banks are robust, but signs of credit quality deterioration are becoming apparent, the EBA’s Risk Dashboard shows
    The European Banking Authority (EBA) today published its Q4 2023 quarterly Risk Dashboard (RDB), which discloses aggregated statistical information for the largest EU/EEA institutions.
  • EU/EEA’s banks capitalisation stands at record levels, liquidity has improved, while return on equity (RoE) stood at 10.3%.
  • Yet, early signs of credit quality deterioration have become more apparent.
  • Financial market conditions during the first months of 2024 were benign with high level of debt issuances from banks.

Altus Group Nominates Jim Hannon and Will Brennan to its Board of Directors

Retrieved on: 
Wednesday, February 28, 2024

“Our strategic growth plan includes expanding Altus Group’s asset performance and risk management solutions to help clients drive superior performance through advanced analytics.

Key Points: 
  • “Our strategic growth plan includes expanding Altus Group’s asset performance and risk management solutions to help clients drive superior performance through advanced analytics.
  • Their addition to the Board is an important step in our ongoing board refreshment process.”
    Will Brennan is the Managing Partner of Long Path Partners, an investment firm that he founded in 2018, and a long-standing shareholder of Altus Group.
  • He brings a unique investor perspective to the Board with a deep understanding of Altus Group’s operations and market opportunity.
  • Both directors have made lasting contributions to Altus Group’s corporate governance initiatives and continual efforts to drive shareholder value.

AFC Gamma to Separate Commercial Real Estate Lending Business into Independent Public Company

Retrieved on: 
Thursday, February 22, 2024

ET Today

Key Points: 
  • ET Today
    WEST PALM BEACH, Fla., Feb. 22, 2024 (GLOBE NEWSWIRE) -- AFC Gamma, Inc. (NASDAQ:AFCG) (“AFC Gamma”) today announced that its Board of Directors has unanimously approved a plan to spin-off its commercial real estate (“CRE”) portfolio into an independent, publicly traded company that intends to elect REIT status, Sunrise Realty Trust, Inc. (“SUNS”).
  • AFC Gamma has solidified its position as a leading institutional lender to state-licensed cannabis operators, and we believe now is the right time to spin off our traditional commercial real estate operations into a standalone public company,” said Daniel Neville, AFC Gamma’s Chief Executive Officer.
  • As two separate companies, AFC Gamma and SUNS each plan to have some overlapping corporate management but will have distinct investment teams and boards of directors comprised primarily of independent directors.
  • First, AFC Gamma will contribute, and SUNS will accept and assume, all the assets, liabilities and business related to AFC Gamma’s commercial real estate lending business, as currently conducted by SUNS, including the operations, properties, services and activities of such business.