Sellers

El Pollo Loco Holdings, Inc. Announces Third Quarter 2023 Financial Results

Retrieved on: 
Thursday, November 2, 2023

COSTA MESA, Calif., Nov. 02, 2023 (GLOBE NEWSWIRE) -- El Pollo Loco Holdings, Inc. (Nasdaq: LOCO) today announced financial results for the 13-week period ended September 27, 2023.

Key Points: 
  • COSTA MESA, Calif., Nov. 02, 2023 (GLOBE NEWSWIRE) -- El Pollo Loco Holdings, Inc. (Nasdaq: LOCO) today announced financial results for the 13-week period ended September 27, 2023.
  • Income from operations in the third quarter of 2023 was $13.7 million, compared to $6.9 million in the third quarter of 2022.
  • Since the date of their sale, these restaurants are now included in the total number of franchised El Pollo Loco restaurants.
  • The Company will host a conference call to discuss financial results for the third quarter of 2023 today at 4:30 PM Eastern Time.

1 HOTELS LAUNCHES LONDON'S FIRST NATURE-DRIVEN HOTEL EXPERIENCE

Retrieved on: 
Monday, November 6, 2023

LONDON, Nov. 6, 2023 /PRNewswire/ -- 1 Hotels, the nature-inspired mission-driven hotel brand founded by hospitality visionary Barry Sternlicht, announces the official opening of 1 Hotel Mayfair, its UK flagship and first European destination, developed in collaboration with Crosstree Real Estate Partners. Located on a fashionable corner of historic Mayfair overlooking the mature trees of Green Park, 1 Hotel Mayfair brings the beauty of nature to central London through vertical landscapes, sustainable design, farm-to-table food, and nature-inspired immersive experiences.

Key Points: 
  • "At 1 Hotel Mayfair, we have meticulously curated a sustainable destination, drawing inspiration from the innate beauty of the natural world that surrounds us.
  • Our brand's purpose-driven ethos seamlessly harmonizes with the vibrant tapestry of London and the illustrious Mayfair district," says SH Hotels & Resorts Chief Executive Officer Raul Leal.
  • "We are delighted to bring 1 Hotels' industry-leading sustainability focus to London as an alternative vision of modern luxury compared to the traditional hotels that dominate Mayfair.
  • With 1 Hotels' signature biophilic design combined with its deep-rooted passion and authenticity around environmental responsibility, 1 Hotel Mayfair is a fresh addition to London's hotel scene," said Sean Arnold & Nick Lyle, Founders, Crosstree Real Estate Partners.

1 HOTELS LAUNCHES LONDON'S FIRST NATURE-DRIVEN HOTEL EXPERIENCE

Retrieved on: 
Monday, November 6, 2023

LONDON, Nov. 6, 2023 /PRNewswire/ -- 1 Hotels, the nature-inspired mission-driven hotel brand founded by hospitality visionary Barry Sternlicht, announces the official opening of 1 Hotel Mayfair, its UK flagship and first European destination, developed in collaboration with Crosstree Real Estate Partners. Located on a fashionable corner of historic Mayfair overlooking the mature trees of Green Park, 1 Hotel Mayfair brings the beauty of nature to central London through vertical landscapes, sustainable design, farm-to-table food, and nature-inspired immersive experiences.

Key Points: 
  • "At 1 Hotel Mayfair, we have meticulously curated a sustainable destination, drawing inspiration from the innate beauty of the natural world that surrounds us.
  • Our brand's purpose-driven ethos seamlessly harmonizes with the vibrant tapestry of London and the illustrious Mayfair district," says SH Hotels & Resorts Chief Executive Officer Raul Leal.
  • "We are delighted to bring 1 Hotels' industry-leading sustainability focus to London as an alternative vision of modern luxury compared to the traditional hotels that dominate Mayfair.
  • With 1 Hotels' signature biophilic design combined with its deep-rooted passion and authenticity around environmental responsibility, 1 Hotel Mayfair is a fresh addition to London's hotel scene," said Sean Arnold & Nick Lyle, Founders, Crosstree Real Estate Partners.

California Regional MLS Launches CubiCasa Floor Plans

Retrieved on: 
Monday, October 30, 2023

CHINO HILLS, Calif., Oct. 30, 2023 /PRNewswire/ -- California Regional MLS (CRMLS), the largest MLS in the United States, now provides users with no-cost 2D floor plans with measurements through CubiCasa, a leading global real estate software company.

Key Points: 
  • CHINO HILLS, Calif., Oct. 30, 2023 /PRNewswire/ -- California Regional MLS (CRMLS), the largest MLS in the United States, now provides users with no-cost 2D floor plans with measurements through CubiCasa, a leading global real estate software company.
  • With this new partnership, CRMLS and CubiCasa will deliver more value to consumers through digital floor plans and help create a more organized and transparent real estate market.
  • With our CubiCasa partnership, we can influence market adoption of floor plans thanks to their easy-to-use technology and valuable data outputs."
  • CRMLS users will receive special access to free floor plans, discounts on add-on features, and access to a network of real estate photographers who are already actively using CubiCasa in their shoots.

Existing-Home Sales Fell 2.0% in September

Retrieved on: 
Thursday, October 19, 2023

The median existing-home sales price grew 2.8% from one year ago to $394,300, marking the third consecutive month of year-over-year price increases.

Key Points: 
  • The median existing-home sales price grew 2.8% from one year ago to $394,300, marking the third consecutive month of year-over-year price increases.
  • Existing-home sales faded in September, according to the National Association of Realtors®.
  • Among the four major U.S. regions, sales rose in the Northeast but receded in the Midwest, South and West.
  • Distressed sales[5] – foreclosures and short sales – represented 1% of sales in September, unchanged from last month and the previous year.

VOXX International Corporation Reports its Fiscal 2024 Second Quarter Financial Results

Retrieved on: 
Tuesday, October 10, 2023

The gross margin in the Fiscal 2024 second quarter was 25.2% as compared to 23.3% in the Fiscal 2023 second quarter, an increase of 190 basis points.

Key Points: 
  • The gross margin in the Fiscal 2024 second quarter was 25.2% as compared to 23.3% in the Fiscal 2023 second quarter, an increase of 190 basis points.
  • Net loss attributable to VOXX International Corporation in the Fiscal 2024 second quarter was $11.1 million as compared to a net loss attributable to VOXX International Corporation of $10.2 million in the comparable Fiscal 2023 period.
  • The Company reported a basic and diluted loss per share attributable to VOXX International Corporation of $0.47 in the Fiscal 2024 second quarter as compared to a basic and diluted loss per common share attributable to VOXX International Corporation of $0.42, in the comparable Fiscal 2023 period.
  • Net loss attributable to VOXX International Corporation in the Fiscal 2024 six-month period was $21.8 million as compared to a net loss attributable to VOXX International Corporation of $16.7 million in the comparable Fiscal 2023 period.

Avalon Park Group Holding AG and Avalon Park International LLC Enter into Stock Purchase Agreement with Gentex Corporation

Retrieved on: 
Tuesday, October 10, 2023

ORLANDO, Fla., Oct. 10, 2023 /PRNewswire/ -- Avalon Park Group ("APG"), a diversified family of companies across multiple industries and geographies, is pleased to announce today that it has entered into Stock Purchase Agreement with Gentex Corporation (NASDAQ: GNTX) to sell 50% of its total ownership stake in VOXX International Corporation (NASDAQ: VOXX).

Key Points: 
  • ORLANDO, Fla., Oct. 10, 2023 /PRNewswire/ -- Avalon Park Group ("APG"), a diversified family of companies across multiple industries and geographies, is pleased to announce today that it has entered into Stock Purchase Agreement with Gentex Corporation (NASDAQ: GNTX) to sell 50% of its total ownership stake in VOXX International Corporation (NASDAQ: VOXX).
  • The Stock Purchase Agreement was signed on October 5, 2023 between Avalon Park International LLC and Avalon Park Group Holding AG, as Sellers, and Gentex Corporation, as the Purchaser.
  • As noted in its Form 4 filing with the Securities and Exchange Commission on August 21, 2023, Gentex Corporation previously owned 173,808 shares of VOXX International's Class A Common Stock.
  • Gentex is one of our key partners in Biometrics and we've worked closely with them on the Automotive side of our business as well.

Northern California-based Reliance Real Estate Advisors Announces New Partners Max Rattner and Blake Miller

Retrieved on: 
Monday, October 9, 2023

SAN FRANCISCO, Oct. 9, 2023 /PRNewswire/ -- Reliance Real Estate Advisors (RREA), San Francisco's premier boutique real estate firm, has announced Max Rattner and Blake Miller have joined the market-leading agency as Partners.

Key Points: 
  • SAN FRANCISCO, Oct. 9, 2023 /PRNewswire/ -- Reliance Real Estate Advisors (RREA), San Francisco's premier boutique real estate firm, has announced Max Rattner and Blake Miller have joined the market-leading agency as Partners.
  • "In Blake Miller and Max Rattner, we have found just that."
  • The son of a transactional real estate attorney, Max believes that success is founded upon strong relationships, diligent work, and creative problem solving.
  • "At Reliance Real Estate Advisors, we firmly believe that a team's success lies in its diversity and collaborative spirit.

Blend Income Expands Verification Coverage through New Assets-Derived Income Capability

Retrieved on: 
Tuesday, September 26, 2023

Blend, a leading provider of cloud banking services, today announced the addition of Assets-Derived Income to its existing Blend Income product.

Key Points: 
  • Blend, a leading provider of cloud banking services, today announced the addition of Assets-Derived Income to its existing Blend Income product.
  • Blend Income is now integrated with Freddie Mac’s AIM Check application programming interface (API).
  • Blend Income pre-populates a consumer’s loan application with income and employment information derived from the consumer’s direct deposit history.
  • Through Assets-Derived Income, Blend is able to provide a fully integrated, single income verification solution with greater coverage and a seamless consumer experience at a competitive price.”
    Blend continues to support Freddie Mac offerings, such as AIM for assets verification, borrower cash flow assessment, and rent payment history.

Grindrod Shipping Holdings Ltd. Announces Entry Into Sale and Purchase Agreements

Retrieved on: 
Monday, September 25, 2023

SINGAPORE, Sept. 25, 2023 (GLOBE NEWSWIRE) -- Grindrod Shipping Holdings Ltd. (NASDAQ: GRIN) (JSE: GSH) (“Grindrod Shipping” or "Company"), a global provider of maritime transportation services predominantly in the drybulk sector, announced the entry by Grindrod Shipping Pte.

Key Points: 
  • SINGAPORE, Sept. 25, 2023 (GLOBE NEWSWIRE) -- Grindrod Shipping Holdings Ltd. (NASDAQ: GRIN) (JSE: GSH) (“Grindrod Shipping” or "Company"), a global provider of maritime transportation services predominantly in the drybulk sector, announced the entry by Grindrod Shipping Pte.
  • Ltd., a wholly owned subsidiary of Grindrod Shipping, as buyer, and Grindrod Shipping, as parent, into two sale and purchase agreements (the “Sale and Purchase Agreements”) to acquire the entire issued share capital of Taylor Maritime Management Limited and Tamar Ship Management Limited (the “Companies”) from, in the case of Taylor Maritime Management Limited, Taylor Maritime Group Limited and, in the case of Tamar Ship Management Limited, Taylor Maritime Group Limited and Temeraire Holding (MI) Limited (together, the “Sellers”) (collectively the “Acquisition”).
  • Following the Acquisition, the Companies will become wholly owned subsidiaries of Grindrod Shipping.
  • Grindrod Shipping intends to finance the transaction with a combination of cash on hand and allotment of new Grindrod Shipping ordinary shares over the two years from completion.