Opi

Office Properties Income Trust Commences 427,000 Square Foot Mixed-Use Redevelopment of 20 Mass in Washington, D.C.

Retrieved on: 
Thursday, July 22, 2021
Retail, Other Construction & Property, Commercial Building & Real Estate, Construction & Property, REIT, Office Products, Opi

Office Properties Income Trust (Nasdaq: OPI) today announced commencement of a redevelopment project at 20 Massachusetts Avenue NW (20 Mass) in Washington, D.C.

Key Points: 
  • Office Properties Income Trust (Nasdaq: OPI) today announced commencement of a redevelopment project at 20 Massachusetts Avenue NW (20 Mass) in Washington, D.C.
  • The project will redevelop 20 Mass from a seven-story, 340,119 square foot Class B office building to a 10-story, 427,000 square foot mixed-used property and is expected to be completed in early 2023.
  • Christopher Bilotto , President and Chief Operating Officer of OPI made the following statement:
    Upon completion, 20 Mass will be a state-of-the-art mixed-use destination with premier office space.
  • However, once the redevelopment is completed, 20 Mass may not attract tenants and visitors at the same levels OPI expects.

Office Properties Income Trust Announces Two Class A Acquisitions Totaling $550 Million

Retrieved on: 
Monday, June 28, 2021
Commercial Building & Real Estate, Construction & Property, REIT, Real estate investment trust, Opi, Income trust, Articles, Organizations, Economy

Office Properties Income Trust (Nasdaq: OPI) today announced that it has completed the acquisition of two Class A office properties for a total of $550.0 million, excluding closing costs.

Key Points: 
  • Office Properties Income Trust (Nasdaq: OPI) today announced that it has completed the acquisition of two Class A office properties for a total of $550.0 million, excluding closing costs.
  • OPI also acquired the approximately 345,917 square foot Class A office property known as Twelve24 in Atlanta, GA for $195.0 million, excluding closing costs, reflecting a current GAAP cap rate of 6.3% at closing.
  • OPI used cash and drew approximately $350 million under its unsecured credit facility to fund these acquisitions.
  • Office Properties Income Trust is a real estate investment trust, or REIT, focused on owning, operating and leasing properties primarily leased to single tenants and those with high credit quality characteristics such as government entities.

Office Properties Income Trust Prices $300 Million of 2.650% Senior Notes Due 2026

Retrieved on: 
Thursday, May 13, 2021
Construction & Property, Professional services, REIT, Finance, Communication, Forward-looking statement, Opi

b"Office Properties Income Trust (Nasdaq: OPI) today announced that it has priced an underwritten public offering of $300 million of 2.650% senior notes due 2026 (\xe2\x80\x9cNotes\xe2\x80\x9d).

Key Points: 
  • b"Office Properties Income Trust (Nasdaq: OPI) today announced that it has priced an underwritten public offering of $300 million of 2.650% senior notes due 2026 (\xe2\x80\x9cNotes\xe2\x80\x9d).
  • Actual results may differ materially from those contained in or implied by OPI\xe2\x80\x99s forward-looking statements as a result of various factors.
  • Forward-looking statements involve known and unknown risks, uncertainties and other factors, some of which are beyond OPI's control.
  • For example:\nThis press release states that the closing of the Notes offering is expected to occur on May 18, 2021.

REEF® and OPI Co-Create Sandals Inspired by Iconic Nail Lacquer Shades

Retrieved on: 
Monday, April 19, 2021
Opi, Reef, Nail polish, Lacquer, Culture, Clothing

"\nThe new women\'s REEF x OPI collection lets fans of both brands express themselves through style and color.

Key Points: 
  • "\nThe new women\'s REEF x OPI collection lets fans of both brands express themselves through style and color.
  • "With our fashion-forward, playful, and iconic color, OPI is the ideal inspiration for a sandal collection and REEF has a renowned reputation for quality and comfort.
  • OPI nail lacquer is available in more than 200 shades.
  • OPI Infinite Shine is a no-light three-step long wear lacquer system offering long-wear, high-shine and ease of application and removal.

Celebrity Nail Artist, Jenny Bui Named ArtIstic Ambassador By OPI

Retrieved on: 
Thursday, March 18, 2021
Nail care, Beauty, Nail polish, Suzi Weiss-Fischmann, Aesthetics, Jenny Bui, Fashion, Nail art, Opi, Manicure, Brand ambassador, Bui

LOS ANGELES, March 18, 2021 /PRNewswire/ -- OPI , the world's number one salon nail care brand, has tapped prominent celebrity nail artist and 24-year industry professional Jenny Bui to serve as itsArtistic Ambassador.

Key Points: 
  • LOS ANGELES, March 18, 2021 /PRNewswire/ -- OPI , the world's number one salon nail care brand, has tapped prominent celebrity nail artist and 24-year industry professional Jenny Bui to serve as itsArtistic Ambassador.
  • As OPI's Artistic Ambassador, Bui will work with OPI's Education, Digital, Social, and Influencer Marketing teams to create and share pristinenail designs and how-to's.
  • "I will always be passionate about beautifying nails and empowering clients to feel great about themselves," says Bui.
  • "We are thrilled to welcome Jenny to the OPI family," said OPI Co-Founder and Brand Ambassador Suzi Weiss-Fischmann.

imPRESS & OPI Partner to Create Press-On Nails in THE Most Popular OPI Colors

Retrieved on: 
Tuesday, February 16, 2021
Nail care, Suzi Weiss-Fischmann, Manicure, Opi, Nail, Mani, Impress, Businesspeople

The mani mavens at imPRESS have spent nearly a decade perfecting gel press-on nails into an instant gratification manicure that is quick, foolproof, and hassle-free.

Key Points: 
  • The mani mavens at imPRESS have spent nearly a decade perfecting gel press-on nails into an instant gratification manicure that is quick, foolproof, and hassle-free.
  • The new OPI x imPRESS Color Press-On Manicure combines this leading technology with richly pigmented, fashionable colors to bring affordable luxury directly to consumers.
  • "With OPI x imPRESS we're giving women more options when it comes to application," says OPI Co-Founder and Brand Ambassador Suzi Weiss-Fischmann.
  • Available in ten best-selling OPI shades, each kit includes 30 nails, a prep pad, and a manicure stick.

ACTFL and LTI Announce Five Assessments Recommended for College Credit by American Council on Education

Retrieved on: 
Friday, October 23, 2020
Pedagogy, Education, Articles, Oral Proficiency Interview, Education in the United States, Language proficiency, Language assessment, American Council on the Teaching of Foreign Languages, American Council on Education, Opi

ALEXANDRA, Va., Oct. 23, 2020 /PRNewswire/ -- ACTFL and Language Testing International (LTI), the exclusive licensee of ACTFL assessments, are pleased to announce that the American Council on Education's College Credit Recommendation Service (ACE CREDIT) has evaluated and recommended college credit for five ACTFL language proficiency assessments: ACTFL Oral Proficiency Interview (OPI) , ACTFL Oral Proficiency Interview Computer (OPIc) , ACTFL Reading Proficiency Test (RPT) , ACTFL Listening Proficiency Test (LPT) , and ACTFL Writing Proficiency (WPT) .

Key Points: 
  • ALEXANDRA, Va., Oct. 23, 2020 /PRNewswire/ -- ACTFL and Language Testing International (LTI), the exclusive licensee of ACTFL assessments, are pleased to announce that the American Council on Education's College Credit Recommendation Service (ACE CREDIT) has evaluated and recommended college credit for five ACTFL language proficiency assessments: ACTFL Oral Proficiency Interview (OPI) , ACTFL Oral Proficiency Interview Computer (OPIc) , ACTFL Reading Proficiency Test (RPT) , ACTFL Listening Proficiency Test (LPT) , and ACTFL Writing Proficiency (WPT) .
  • "ACTFL is pleased for its assessments to, once again, be recommended for credit by ACE.
  • ACTFL offers a total of five assessments that have been recommended for college credit by ACE CREDIT.
  • For a complete listing of these assessments, please visit the ACTFL page on the ACE CREDIT National Guide website.

Office Properties Income Trust Appoints Christopher Bilotto as President and Chief Operating Officer Effective January 1, 2021

Retrieved on: 
Monday, October 12, 2020
Other Construction & Property, Commercial Building & Real Estate, Construction & Property, REIT, Opi, Opi

Office Properties Income Trust (Nasdaq: OPI) today announced that Christopher Bilotto has been appointed as President and Chief Operating Officer of OPI, effective January 1, 2021.

Key Points: 
  • Office Properties Income Trust (Nasdaq: OPI) today announced that Christopher Bilotto has been appointed as President and Chief Operating Officer of OPI, effective January 1, 2021.
  • Mr. Bilotto has been Vice President of OPI since 2019 and Chief Operating Officer of OPI since May 2020.
  • Prior to joining RMR in 2011, Mr. Bilotto worked at General Growth Properties in various management roles.
  • Mr. Bilotto succeeds David M. Blackman, who is retiring from RMR on June 30, 2021 and therefore resigning from his executive officer positions at OPI, RMR and other affiliated companies, effective December 31, 2020.

Office Properties Income Trust Prices $150 Million of 6.375% Senior Notes Due 2050

Retrieved on: 
Tuesday, June 16, 2020
Commercial Building & Real Estate, Construction & Property, REIT, Economy, Real estate investment trust, Income trust, Real estate investing, Opi, Finance, Money

Office Properties Income Trust (Nasdaq: OPI) today announced that it has priced an underwritten public offering of $150 million of 6.375% senior notes due 2050 (Notes).

Key Points: 
  • Office Properties Income Trust (Nasdaq: OPI) today announced that it has priced an underwritten public offering of $150 million of 6.375% senior notes due 2050 (Notes).
  • OPI granted the underwriters an option to purchase up to $22.5 million of additional Notes within 30 days.
  • Office Properties Income Trust is a real estate investment trust, or REIT, focused on owning, operating and leasing properties primarily leased to single tenants and those with high credit quality characteristics such as government entities.
  • This press release states that OPI has granted the underwriters an option to purchase up to $22.5 million of additional Notes.

KKR Prevails in Coty Professional Beauty Deal

Retrieved on: 
Tuesday, May 12, 2020
Nail care, Companies, Industries, Coty, Inc., Reckitt Benckiser, Kohlberg Kravis Roberts, Body modification, Coty, Henkel, Manicure, Nail salon, Opi

Parsippany, NJ, May 12, 2020 (GLOBE NEWSWIRE) -- In one of the most competitive M&A battles in professional beauty history, KKR came out the winner in the deal reached over the weekend for Coty Professional Beauty.

Key Points: 
  • Parsippany, NJ, May 12, 2020 (GLOBE NEWSWIRE) -- In one of the most competitive M&A battles in professional beauty history, KKR came out the winner in the deal reached over the weekend for Coty Professional Beauty.
  • However, with this bleak outlook, the dynamics of the Coty Professional Beauty deal shifted, giving the upper hand to KKR, with Henkels position as a strategic buyer weakened due to the challenging current and future state of the salon industry.
  • Kline also expects the OPI professional nail care brand to seek greater retail and online sell-through, as nail salon businesses are likely to suffer the greatest closure casualties in professional beauty.
  • Klines worst-case global forecast for professional beauty indicates the market will dip to $20 billion by 2024, contracting by approximately $5 billion from the $25 billion it registered in 2019.We thus expect KKR will retain its ownership of Coty Professional Beauty throughout this period, perhaps selling it to Henkel at some point in the future.