Tenant | Jotup

Ryan Sullivan Joins Lincoln Property Company as National Data Center Group Leader

Retrieved on:

Tuesday, March 26, 2024

Professional Services, Business, Commercial Building & Real Estate, Finance, Construction & Property, REIT, Lincoln, Landmark, Real estate, Organization, Digital Realty, GI Partners, Tenant, Acquisition, AI, University, Capital market, Property, Machine learning

Lincoln Property Company ("Lincoln"), a global, full-service real estate firm , announced that Ryan Sullivan has joined the company as Executive Vice President and National Data Center Group Leader, overseeing Data Center Investments and Capital Markets.

Key Points:

Lincoln Property Company ("Lincoln"), a global, full-service real estate firm , announced that Ryan Sullivan has joined the company as Executive Vice President and National Data Center Group Leader, overseeing Data Center Investments and Capital Markets.
In this new role, Mr. Sullivan will be responsible for broadening the firm’s data center offering, by partnering with Lincoln’s national commercial and industrial platforms to identify and execute on data center opportunities across the country, including new investments, development, leasing and third-party services for institutional investors, data center operators and end users.
Mr. Peck, who founded the practice 15 years ago, will continue to serve as an advisor supporting both Lincoln’s legacy data center assets and the transition of the data center platform leadership to Mr. Sullivan.
John Greenwood and Brent Streetman, two leading experts within Lincoln’s national Data Center group, will directly report to Mr. Sullivan, who is based in Dallas.

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 .

Terreno Realty Corporation Sells Property in Seattle, WA for $11.0 Million

Retrieved on:

Monday, April 1, 2024

Commercial Building & Real Estate, Construction & Property, REIT, Risk, Tenant, Sale, Annual report

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, sold an industrial property located in Seattle, Washington on March 29, 2024 for a sale price of approximately $11.0 million.

Key Points:

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, sold an industrial property located in Seattle, Washington on March 29, 2024 for a sale price of approximately $11.0 million.
The property consists of a 25,000 square foot industrial distribution building on 1.5 acres which is 100% leased to one tenant.
The property was purchased by Terreno Realty Corporation on May 6, 2016 for approximately $4.7 million.
Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles; Northern New Jersey/New York City; San Francisco Bay Area; Seattle; Miami; and Washington, D.C.

VTS Announces Launch of VTS 4 – Powered by the New VTS Demand Model, Bringing Predictive Data to Commercial Real Estate

Retrieved on:

Tuesday, March 26, 2024

Commercial Building & Real Estate, Apps, Applications, Technology, Construction & Property, Other Technology, Software, Other Construction & Property, Data Management, Artificial Intelligence, VTS, Benchmarking, Intelligence, Tenant, Ecosystem, Property management

VTS 4 transforms industry intelligence for commercial real estate landlords to understand the market better than their competitors and predict tenant demand through enhanced data and AI-generated insights.

Key Points:

VTS 4 transforms industry intelligence for commercial real estate landlords to understand the market better than their competitors and predict tenant demand through enhanced data and AI-generated insights.
As part of VTS 4, the VTS Demand Model is built from the industry’s only real-time dataset and predicts tenant demand 6-9 months ahead of leasing activity.
These advancements unlock a host of new analytics to VTS’ existing data product, including expanding VTS Data to the London market, bringing commercial real estate’s only real-time data and insights to the UK.
As part of VTS 4, the VTS Demand Model aggregates data around three key areas of the VTS Platform: real-time supply and demand data, marketing analytics, and pricing data.

According to Green Street's Local Data Company, Retail Market Activity Spikes Amid Economic Challenges

Retrieved on:

Thursday, March 21, 2024

The latest report by the Local Data Company and Green Street, covering key developments across the entire GB retail and leisure market over 2023, shows a spike in numbers of both closures and openings, representing significant churn.

Key Points:

The latest report by the Local Data Company and Green Street, covering key developments across the entire GB retail and leisure market over 2023, shows a spike in numbers of both closures and openings, representing significant churn.
View the full release here: https://www.businesswire.com/news/home/20240321897891/en/
Local Data Company 2023 Retail and Leisure Trends Analysis (Graphic: Green Street & Local Data Company)
Rises in interest rates and operational costs compounded the challenges for GB retailers, leading to a year-on-year increase in closures of 14% between 2022 and 2023.
Despite the economic headwinds seen over 2023, the latest data indicates a notable level of resilience across GB retail and leisure.
Green Street and LDC anticipate that flexibility and careful strategy will enable agile retailers and developers to navigate any upcoming challenges and identify opportunities.

U.S. Properties Group Signs New Lease with UFC GYM at The Streets of Indian Lake – Hendersonville, Tennessee

Retrieved on:

Tuesday, March 19, 2024

The opening of UFC GYM at The Streets of Indian Lake is anticipated by the summer of 2024.

Key Points:

The opening of UFC GYM at The Streets of Indian Lake is anticipated by the summer of 2024.
UFC GYM is owned locally by George Girgel, a resident of Franklin, Tennessee and a successful entrepreneur in Tennessee and other states.
“We share a passion to make UFC GYM one of the most successful brands in the fitness industry.
What’s more, they can do so in a facility that is second-to-none.” - Mark Mastrov, Executive Chairman, UFC GYM.

Walker & Dunlop Arranges $109 Million Construction Financing for Brooklyn Multifamily Development

Retrieved on:

Monday, March 18, 2024

Professional Services, Communications, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, Public Relations, Investor Relations, Walker & Dunlop, Fulton Street (Brooklyn), EMP, Pacific Street (album), Tenant, Atlantic Avenue, Multimedia, Amusement park

Walker & Dunlop, Inc. announced today that it structured $109,000,000 in construction financing for the development of 1034-1042 Atlantic Avenue, a to-be-constructed, 247-unit Class-A multifamily development located on two conjoining parcels creating a cross-block lot between Atlantic Avenue and Pacific Street in Brooklyn, New York.

Key Points:

Walker & Dunlop, Inc. announced today that it structured $109,000,000 in construction financing for the development of 1034-1042 Atlantic Avenue, a to-be-constructed, 247-unit Class-A multifamily development located on two conjoining parcels creating a cross-block lot between Atlantic Avenue and Pacific Street in Brooklyn, New York.
(Photo: Business Wire)
The Walker & Dunlop Capital Markets team, led by Keith Kurland , Aaron Appel , Jonathan Schwartz , Adam Schwartz , Jordan Casella and William Herring acted as exclusive advisors to EMP Capital Group.
The team identified QuadReal Property Group as the lender to secure the five year, interest-only construction loan.
To learn more about Walker & Dunlop’s broad financing options, visit our website .

Soteria Inspect for Microsoft 365 Now Available in the Microsoft Azure Marketplace

Retrieved on:

Tuesday, March 26, 2024

Software, Technology, Security, Microsoft, Organization, Software as a service, Cayman Islands, Entra, Risk, Tenant, MDR, API, Partner, LATAM, Online shopping

Soteria, a leading cybersecurity services company, today announced the availability of its Software-as-a-Service (SaaS) solution, Inspect for Microsoft 365, in the Microsoft Azure Marketplace, an online store providing applications and services for use on Azure.

Key Points:

Soteria, a leading cybersecurity services company, today announced the availability of its Software-as-a-Service (SaaS) solution, Inspect for Microsoft 365, in the Microsoft Azure Marketplace, an online store providing applications and services for use on Azure.
“Soteria Inspect provides an easy path for customers to assess the configuration of their Microsoft 365 tenant and provides a clear target for configuration improvements to reduce risk and increase their security posture,” said Doug Hislop, Product Lead of Inspect for Microsoft 365.
Inspect for Microsoft 365 offers customers visibility and security recommendations by inspecting the resources and configuration settings in their Microsoft 365 tenants.
“Microsoft welcomes Soteria Inspect for Microsoft 365 to Azure Marketplace, where global customers can find, try, and buy from among thousands of partner solutions,” said Jake Zborowski, General Manager, Microsoft Azure Platform at Microsoft Corp. “Azure Marketplace and trusted partners like Soteria help customers do more with less by increasing efficiency, buying confidently, and spending smarter.”
The Azure Marketplace is an online market for buying and selling cloud solutions certified to run on Azure.

Options Technology Transforming Security by Harnessing the Power of Microsoft's Integrated Solutions

Retrieved on:

Thursday, March 14, 2024

View the full release here: https://www.businesswire.com/news/home/20240314906531/en/

Key Points:

View the full release here: https://www.businesswire.com/news/home/20240314906531/en/
Microsoft's commitment to enhancing security across its platforms has transformed enterprise security technology.
With security built into every layer, from asset management to threat detection and response, Microsoft has redefined the security landscape.
Options Technology (Options) is a financial technology company at the forefront of banking and trading infrastructure.
At Options, our services are woven into the hottest trends in global technology, including high-performance Networking, Cloud, Security, and AI (Artificial Intelligence).

Coalition calls on Governor Newsom to uphold funding for Equitable Building Decarbonization Program

Retrieved on:

Wednesday, April 3, 2024

SACRAMENTO, Calif., April 3, 2024 /PRNewswire/ -- A coalition of environmental justice and equity groups, environmental organizations, energy providers, and equipment manufacturers submitted a letter yesterday urging Governor Newsom and California policymakers to uphold $922 million for the California Energy Commission's Equitable Building Decarbonization (EBD) Program and bolster the program with $400 million in a climate bond that will appear before voters in November. The EBD Program would help expand access to cooling, improve air quality, reduce climate pollution, and boost the health and comfort of low-income and environmental justice communities. It would also accelerate the state's goal of installing 6 million heat pumps by 2030.

Key Points:

Large-scale solutions like the Equitable Building Decarbonization Program can provide clean air and cooling, and help meet California's climate goals.
Shrinking funding for the program would have negative impacts on Californians," said Jose Torres, California Director at the Building Decarbonization Coalition.
While this program has been successful in providing much-needed upgrades, increased funding would have resulted in greater success with implementation.
The Building Decarbonization Coalition (BDC) aligns critical stakeholders on a path to transform the nation's buildings through clean energy, using policy, research, market development, and public engagement.