CRE

GlobeSt. Recognizes Rob Finlay of Thirty Capital as a 2024 Best Boss in Commercial Real Estate

Retrieved on: 
Wednesday, March 6, 2024
Innovation, Building, CRE, News, Data management, Mentorship, Communication, Commercial, Property, Creativity, NAA, Attitude, BOMA, Management

Real Estate Forum, a prominent source for commercial real estate news and insights, announces Rob Finlay, Founder and CEO of Thirty Capital, as a recipient of the 2024 Best Bosses in Commercial Real Estate Award.

Key Points: 
  • Real Estate Forum, a prominent source for commercial real estate news and insights, announces Rob Finlay, Founder and CEO of Thirty Capital, as a recipient of the 2024 Best Bosses in Commercial Real Estate Award.
  • "I am humbled to receive the Best Bosses in Commercial Real Estate Award from GlobeSt.
  • I am grateful for the opportunity to lead such an exceptional team at Thirty Capital, and I look forward to continuing to work together to push the boundaries of innovation in commercial real estate," said Finlay.
  • This award serves as a reminder of the importance of strong leadership, teamwork, and innovation in achieving success in commercial real estate," added Finlay.

VERSABANK REPORTS RESULTS FOR FIRST QUARTER FISCAL 2024: CONTINUED ROBUST GROWTH IN POINT-OF-SALE RECEIVABLE PURCHASE PROGRAM DRIVES 41% YEAR-OVER-YEAR INCREASE IN EPS TO ANOTHER NEW RECORD[1]

Retrieved on: 
Wednesday, March 6, 2024
Acquisition, ROCE, Commercial property, Real estate, CMHC, VersaBank, OCC, POS, CRE, Growth, Computer security, Calendar, Digital, OSFI, Commercial, Consolidated, DRTC, Common equity, RPP

While this had a slight dampening effect on first quarter results, we expect that this strategic adjustment will enhance ROE and contribute to stronger growth in subsequent quarters throughout the year."

Key Points: 
  • While this had a slight dampening effect on first quarter results, we expect that this strategic adjustment will enhance ROE and contribute to stronger growth in subsequent quarters throughout the year."
  • "2024 is unfolding slightly ahead of expectations for our Point-of-Sale Receivable Purchase Program, providing continued confidence in our ability to surpass our next total asset milestone of $5 billion during the 2024 fiscal year.
  • Total assets increased 22% year-over-year and 3% sequentially to a record $4.3 billion, with the increase driven primarily by 7% growth in Digital Banking Operations' Point of Sale Receivable Purchase Program (POS/RPP) portfolio.
  • DBG's gross profit amounts are included in DRTC's consolidated revenue which is reflected in non-interest income in VersaBank's consolidated statements of income and comprehensive income.

Trepp Q4 2023 Life Insurance Commercial Mortgage Total Return Index Report Reveals Previously Expected Rate Cuts Pushed Yields Lower, Boosting Mortgages' Total Return

Retrieved on: 
Friday, March 1, 2024
CRE, Trepp, Bank

NEW YORK, March 1, 2024 /PRNewswire-PRWeb/ -- Trepp, a leading provider of data, insights, and technology solutions to the structured finance, commercial real estate (CRE), and banking markets, has released the Q4 2023 returns report for its life insurance commercial mortgage index. The report identified high total returns, with major jumps in returns for the office, industrial, and retail sectors. Instantly access the report here: https://www.trepp.com/q4-2023-life-comps-report

Key Points: 
  • Trepp released the Q4 2023 LifeComps Total Return Index Report, revealing high total returns after previously expected rate cuts pushed yields lower.
  • NEW YORK, March 1, 2024 /PRNewswire-PRWeb/ -- Trepp, a leading provider of data, insights, and technology solutions to the structured finance, commercial real estate (CRE), and banking markets, has released the Q4 2023 returns report for its life insurance commercial mortgage index.
  • The report identified high total returns, with major jumps in returns for the office, industrial, and retail sectors.
  • Instantly access the report here: https://www.trepp.com/q4-2023-life-comps-report
    In Q4 2023, LifeComps participants reported a total return of 4.93%, primarily driven by a large price appreciation, a reversal from the negative return in Q3.

GridPoint Named a 2024 Globe St. Influencer in CRE Technology

Retrieved on: 
Tuesday, February 27, 2024
EVS, HVAC, Restaurant, Carbon footprint, CRE, Carbon, Internet, GridPoint, Global warming potential, CO2, VPP, Environment

RESTON, Va., Feb. 27, 2024 /PRNewswire-PRWeb/ -- GridPoint, a leading cleantech company that decarbonizes commercial buildings and accelerates a more sustainable energy future, today announced it has been named a 2024 Globe St. Influencer in CRE Technology. GridPoint was recognized for the advances made by its proprietary technology, GridPoint Intelligence™, which is deployed in more than 20,000 commercial buildings across the U.S. GridPoint Intelligence™ provides a full suite of asset monitoring, testing, reporting and control capabilities across a company's entire energy profile and carbon footprint.

Key Points: 
  • GridPoint recognized as an industry leader by Globe St. for its decarbonization and sustainability efforts within the commercial building sector
    RESTON, Va., Feb. 27, 2024 /PRNewswire-PRWeb/ -- GridPoint , a leading cleantech company that decarbonizes commercial buildings and accelerates a more sustainable energy future, today announced it has been named a 2024 Globe St. Influencer in CRE Technology.
  • 's CRE influencer series highlights professionals and companies that are working to improve the commercial real estate industry through innovative and adaptable technology.
  • "We are honored to be recognized as a 2024 influencer in commercial real estate technology," said Mark Danzenbaker, CEO of GridPoint.
  • Learn more about The Globe St. Real Estate forum and the other 2024 Globe St. Influencers in CRE Technology here .

Juniper Square Names Brandon Sedloff Chief Real Estate Officer

Retrieved on: 
Tuesday, February 27, 2024
CFO, SAN, Digital, CRE, BentallGreenOak, Growth, CBRE, LP record, GP, LaSalle Investment Management, Partnership, Management

SAN FRANCISCO, Feb. 27, 2024 /PRNewswire/ -- Juniper Square , the leading provider of partnership enablement to the private funds industry, today announced that Brandon Sedloff has been promoted to Chief Real Estate Officer.

Key Points: 
  • SAN FRANCISCO, Feb. 27, 2024 /PRNewswire/ -- Juniper Square , the leading provider of partnership enablement to the private funds industry, today announced that Brandon Sedloff has been promoted to Chief Real Estate Officer.
  • In this role, Sedloff will oversee the continued growth of Juniper Square's real estate vertical as the firm continues to expand its suite of products and services.
  • In his new role, Sedloff will drive Juniper Square's strategy for expanding its fund administration business among real estate investment managers.
  • Alex Robinson, Co-founder and CEO of Juniper Square, said, "Brandon is a respected leader within Juniper Square and across the CRE industry.

Fyle announces integration with Sage 300 Construction & Real Estate

Retrieved on: 
Tuesday, February 20, 2024
Sockeye salmon, Real estate, Construction, CRE, Commitment, Sage 300, Software

NEWARK, Del., Feb. 20, 2024 /PRNewswire/ -- Fyle, an expense management platform that works with customers' exciting credit cards, has integrated with Sage 300 Construction & Real Estate (CRE), a construction management and accounting software. This integration streamlines expense reporting, improves job costing accuracy, and gives construction companies real-time visibility into project budgets.

Key Points: 
  • Fyle's integration with Sage 300 CRE simplifies expense management and accounting for the construction and real estate industry.
  • NEWARK, Del., Feb. 20, 2024 /PRNewswire/ -- Fyle , an expense management platform that works with customers' exciting credit cards, has integrated with Sage 300 Construction & Real Estate (CRE) , a construction management and accounting software.
  • Dennis Stejskal, Head of Strategy for Sage Construction and Real Estate, expressed excitement for Fyle's focused approach to the construction industry: "Fyle's integration with Sage 300 CRE represents a major advancement in expense management for the construction industry.
  • Additionally, Fyle has a 2-way integration with Sage Intacct and Sage Intacct for Construction and works with leading Sage partners like Accordant, EthosSystems, Sockeye, and Kerr.

NAIOP Research Foundation Partners With Newmark on Industrial Report: Reshoring Manufacturing Jobs Will Continue to Drive Development of Industrial Real Estate

Retrieved on: 
Thursday, February 15, 2024
Momentum, CHIPS, CAE, Investment, CRE, CHIPS and Science Act, Growth, Plant, Government, Offshoring, Size, Partnership, Renewable energy

Forging the Future: Manufacturing Growth and Its Effects on North American Industrial Markets " was written by Newmark's Lisa DeNight , Managing Director, National Industrial Research and Liz Berthelette , CRE, Head of Northeast Research & National Life Science Research.

Key Points: 
  • Forging the Future: Manufacturing Growth and Its Effects on North American Industrial Markets " was written by Newmark's Lisa DeNight , Managing Director, National Industrial Research and Liz Berthelette , CRE, Head of Northeast Research & National Life Science Research.
  • "Currently, the U.S. has less than 5 billion existing square feet of statistically-tracked manufacturing inventory.
  • "The volume of proposed manufacturing projects has the potential to reshape the U.S. manufacturing base, which currently measures approximately 4 billion square feet.
  • Most of the new manufacturing construction will be build-to-suit or owner-built, but demand will also exist for speculative manufacturing space.

Granite Point Mortgage Trust Inc. Reports Fourth Quarter and Full Year 2023 Financial Results and Post Quarter-End Update

Retrieved on: 
Wednesday, February 14, 2024
REIT, Finance, Professional Services, Commercial Building & Real Estate, Construction & Property, Granite, USPAP, CRE, Internet, CECL, Sale, Access, LTV, Tenant, Risk, GAAP, Morgan Stanley, UPB, News, Goldman Sachs, GPMT, Hand, JPMorgan Chase, Bank

Granite Point Mortgage Trust Inc. (NYSE: GPMT) ("GPMT," "Granite Point" or the "Company") today announced its financial results for the quarter and full year ending December 31, 2023, and provided an update on its activities subsequent to quarter-end.

Key Points: 
  • Granite Point Mortgage Trust Inc. (NYSE: GPMT) ("GPMT," "Granite Point" or the "Company") today announced its financial results for the quarter and full year ending December 31, 2023, and provided an update on its activities subsequent to quarter-end.
  • A presentation containing fourth quarter and full year 2023 financial results can be viewed at www.gpmtreit.com .
  • Granite Point Mortgage Trust Inc. will host a conference call on February 15, 2024, at 11:00 a.m.
  • ET to discuss fourth quarter and full year 2023 financial results and related information.

GlobeSt. Recognizes Thirty Capital Financial as a 2024 Rainmaker in CRE Debt, Equity, and Finance

Retrieved on: 
Wednesday, February 14, 2024
CRE, News, Organization, CMBS, The Rainmakers, Risk management, Security (finance)

Real Estate Forum, a leading source for commercial real estate news and insights, has named Thirty Capital Financial, a Thirty Capital company, as a 2024 Rainmaker in CRE Debt, Equity, and Finance.

Key Points: 
  • Real Estate Forum, a leading source for commercial real estate news and insights, has named Thirty Capital Financial, a Thirty Capital company, as a 2024 Rainmaker in CRE Debt, Equity, and Finance.
  • is a testament to the dedication and expertise of the entire team at Thirty Capital Financial.
  • With over 125 years of collective experience in derivatives and debt markets, Thirty Capital Financial excels in managing financial risk, navigating market shifts, and evaluating exposure for clients' CRE portfolios.
  • "As recent events have highlighted the importance of planning for the worst-case scenario, Thirty Capital Financial remains steadfast in its commitment to helping CRE companies navigate financial risks.

Transparent Energy Records 14th Consecutive Year of Organic Annual Revenue Growth, Establishes Broad Transactional Expertise in Renewable-Energy Procurement

Retrieved on: 
Wednesday, February 14, 2024
Acquisition, REC, Guarantee of origin, CRE, Natural gas, Culture, Growth, Transparency, ESG, Fortune 500, Entrepreneurship, Central Waqf Council, Partner (business rank), VPPA, Renewable energy

FAIRFIELD, N.J., Feb. 14, 2024 (GLOBE NEWSWIRE) -- Transparent Energy, the national leader in auction-based energy procurement for renewable energy, traditional power, and natural gas, today announced record bookings for Q4 2023 and its 14th consecutive year of organic annual revenue growth.

Key Points: 
  • FAIRFIELD, N.J., Feb. 14, 2024 (GLOBE NEWSWIRE) -- Transparent Energy, the national leader in auction-based energy procurement for renewable energy, traditional power, and natural gas, today announced record bookings for Q4 2023 and its 14th consecutive year of organic annual revenue growth.
  • In addition, Transparent Energy has experienced growing demand for its energy-efficiency offerings, resulting in numerous onsite upgrades and installations.
  • Over the course of the year, Transparent Energy also added more than 20 new strategic partners, including an ESG and sustainability reporting leader with over 1.2 billion sq.
  • Concluded Paul Shagawat , Co-Founder and Managing Partner, Transparent Energy, “2023 was a great year by any measure for our company.