Sun Belt

Black Rock Coffee Bar Expands its Texas Footprint with New Store Opening in San Antonio

Retrieved on: 
Wednesday, April 3, 2024
Sun Belt, Environment, Inc., Privately held company, Philosophy, Coffee, Black, Fastest, Nightclub

Scottsdale, Arizona, April 03, 2024 (GLOBE NEWSWIRE) -- Black Rock Coffee Bar , known for its premium roasted coffees, teas, smoothies and flavorful Fuel® energy drinks, has announced the grand opening of its newest store in San Antonio, Texas.

Key Points: 
  • Scottsdale, Arizona, April 03, 2024 (GLOBE NEWSWIRE) -- Black Rock Coffee Bar , known for its premium roasted coffees, teas, smoothies and flavorful Fuel® energy drinks, has announced the grand opening of its newest store in San Antonio, Texas.
  • This marks the fourth establishment in San Antonio and the 32nd in the Lone Star State, solidifying Black Rock Coffee Bar’s commitment to  providing exceptional coffee experiences across Texas.
  • “We are excited to bring our signature blends and warm atmosphere to coffee enthusiasts in the San Antonio area,” said Mark Davis, CEO Black Rock Coffee Bar.
  • “This is just the beginning of our journey in San Antonio, and we have more exciting store openings on the horizon, so stay tuned!”
    The new 2000-square-foot Black Rock Coffee Bar store showcases the boutique coffee chains’ signature industrial modern design.

Piedmont Office Realty Trust Earns ENERGY STAR® Partner Of The Year Sustained Excellence

Retrieved on: 
Thursday, March 28, 2024
Organization, Environment, Biophysical environment, PDM, Sale, Sun Belt, Social, Partner

Atlanta, March 28, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont") (NYSE:PDM), an owner of Class A office properties located primarily in the Sun Belt, announced today that the U.S. Environmental Protection Agency and the U.S. Department of Energy has recognized the company with its highest level of recognition - 2024 ENERGY STAR Partner of the Year – Sustained Excellence.

Key Points: 
  • Atlanta, March 28, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont") (NYSE:PDM), an owner of Class A office properties located primarily in the Sun Belt, announced today that the U.S. Environmental Protection Agency and the U.S. Department of Energy has recognized the company with its highest level of recognition - 2024 ENERGY STAR Partner of the Year – Sustained Excellence.
  • The sustained excellence distinction is awarded to organizations who have earned Partner of the Year for several consecutive years and have gone beyond the criteria needed to qualify for recognition.
  • “We are honored to receive ENERGY STAR’s highest level of recognition with the Partner of the Year – Sustained Excellence award,” said Brent Smith, Piedmont’s President and Chief Executive Officer.
  • ENERGY STAR’s Sustained Excellence award affirms our longstanding efforts to reduce energy consumption across our portfolio.

Ascendant Capital Partners and Culver Investment Partners Acquire Portfolio of Multifamily Properties in Houston’s Fast Growing Texas Medical Center Neighborhood

Retrieved on: 
Monday, April 8, 2024
Professional Services, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, REIT, Sun Belt, Ascendant, Partnership, CIP, Acquisition, Medical Center, Texas Medical Center, Student, Collection, Housing, Elle, Commercial property

Ascendant Capital Partners ("Ascendant"), a vertically integrated real estate investment and operating platform, and Culver Investment Partners ("CIP"), a multifamily investment platform focused on existing core-plus and value-add multifamily communities, today announced the acquisition of the Elle Collection portfolio in the Texas Medical Center area, a populous and growing submarket of Houston, TX, for approximately $60 million.

Key Points: 
  • Ascendant Capital Partners ("Ascendant"), a vertically integrated real estate investment and operating platform, and Culver Investment Partners ("CIP"), a multifamily investment platform focused on existing core-plus and value-add multifamily communities, today announced the acquisition of the Elle Collection portfolio in the Texas Medical Center area, a populous and growing submarket of Houston, TX, for approximately $60 million.
  • The Elle Collection comprises three multifamily assets – Elle at the Medical Center, Vie at the Medical Center, and Plaza Townhomes at the Medical Center – totaling 470 units.
  • The Medical Center is a major economic driver for Houston, attracting a strong tenant base of medical professionals and students.
  • The partnership will seek to implement a strategic capital improvement plan to enhance the resident experience at the Elle Collection properties.

Piedmont Completes Sale of One Lincoln Park

Retrieved on: 
Wednesday, March 20, 2024
Central Expressway, Sun Belt, PDM, Foot, Sale

The building is a 10-story, approximately 257,000-square foot, office building which was 59% leased at the end of fourth quarter 2023.

Key Points: 
  • The building is a 10-story, approximately 257,000-square foot, office building which was 59% leased at the end of fourth quarter 2023.
  • The net proceeds from the sale were used to pay off the approximately $50 million remaining balance of the Company’s 2024 Senior Unsecured Notes that mature in March.
  • Commenting on the transaction, C. Brent Smith, Piedmont’s President, and Chief Executive Officer, said, “We are pleased to harvest the value in a high-quality asset through the disposition of One Lincoln Park to an all-cash buyer.
  • Furthermore, Piedmont will be retained as property manager, resulting in a seamless transition for existing tenants and the buyer, as well as a positive outcome for stockholders.”

Black Rock Coffee Bar is Set to Open a New Store in Buckeye, Arizona

Retrieved on: 
Tuesday, March 19, 2024
Sun Belt, Environment, Inc., Privately held company, Philosophy, Coffee, Black, Fastest, Nightclub

This is the boutique coffee chain’s 37th store in the Phoenix metro area and 42nd in the state, reinforcing Black Rock’s rapid growth in Arizona.

Key Points: 
  • This is the boutique coffee chain’s 37th store in the Phoenix metro area and 42nd in the state, reinforcing Black Rock’s rapid growth in Arizona.
  • “We’ve always believed in fostering meaningful connections over exceptional coffee, and our commitment to these principles resonates deeply as we expand into Buckeye,” said Mark Davis, CEO Black Rock Coffee Bar.
  • “We invite the residents of Buckeye to join us in creating a vibrant hub where coffee lovers can gather, share stories and build lasting connections.”
    The new 2000-square-foot Black Rock Coffee Bar store showcases the boutique coffee chains’ signature industrial modern design.
  • In 2023, Black Rock Coffee Bar ranked 1179th among America’s Fastest-Growing Private Companies by Inc. Magazine’s 5000 Annual List.

Tricon Residential Releases 2023 Annual Sustainability Report

Retrieved on: 
Tuesday, March 26, 2024
Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, REIT, Certification, Culture, LEED, TCN, Ethics, Sale, Sun Belt, TSX, Gold, Sustainability, Family

Tricon Residential Inc. (NYSE: TCN, TSX: TCN) ("Tricon" or the “Company”), an owner, operator and developer of single-family rental homes in the U.S. Sun Belt and multi-family rental apartments in Canada, released its annual sustainability report today.

Key Points: 
  • Tricon Residential Inc. (NYSE: TCN, TSX: TCN) ("Tricon" or the “Company”), an owner, operator and developer of single-family rental homes in the U.S. Sun Belt and multi-family rental apartments in Canada, released its annual sustainability report today.
  • The report is a comprehensive review of the Company’s progress toward its five strategic sustainability priorities: Our People, Our Residents, Our Impact, Our Governance and Our Innovation.
  • “I am incredibly proud to share our annual sustainability report, which highlights our commitment to responsible business practices and showcases how Tricon’s best-in-class resident experience is deeply intertwined with our sustainability program,” said Gary Berman, Chief Executive Officer and President of Tricon.
  • The full 2023 Sustainability report, a summary digest version, and our 2023 Sustainability performance scorecard are available on Tricon’s website at www.triconresidential.com/about/sustainability/ .

EastGroup Properties Announces First Quarter 2024 Earnings Conference Call and Webcast

Retrieved on: 
Thursday, April 4, 2024
Conference, Growth, Sun Belt, CFO, Telephone, Acquisition, Transport, EGP, Multimedia

JACKSON, Miss., April 4, 2024 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company" or "EastGroup") announced today that it will hold its First Quarter Earnings Conference Call and Webcast on Wednesday, April 24, 2024, at 11:00 a.m. Eastern Time.

Key Points: 
  • JACKSON, Miss., April 4, 2024 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company" or "EastGroup") announced today that it will hold its First Quarter Earnings Conference Call and Webcast on Wednesday, April 24, 2024, at 11:00 a.m. Eastern Time.
  • On the call, Marshall Loeb, CEO, and Brent Wood, CFO, will discuss the Company's first quarter results, current operations, and earnings outlook for 2024.
  • EastGroup plans to release financial results for the quarter after the market closes on April 23, 2024.
  • A live broadcast of the conference call is available by dialing 1-800-836-8184 (conference ID EastGroup) or by webcast through a link on the Company's website at www.eastgroup.net .

Newmark Announces Expansion of Retail Capital Markets Team; Hires Industry Expert Conor Lalor to Lead

Retrieved on: 
Thursday, March 28, 2024
Minter, RKF, Newmark Group, Sun Belt, Lead, Sale, Lalor, Senior, Capital market, CRC, Gold, ICSC, Financial services

Lalor's team will also collaborate closely with Chairman of Global Retail, Newmark Retail Services Mark Masinter and the broader Retail services team to advise clients on the latest retail trends.

Key Points: 
  • Lalor's team will also collaborate closely with Chairman of Global Retail, Newmark Retail Services Mark Masinter and the broader Retail services team to advise clients on the latest retail trends.
  • The expansion of Retail Capital Markets further strengthens Newmark's cohesive retail services platform and the firm's Capital Markets business offerings.
  • "This is an exciting time in the retail sector, with strong fundamentals and investor interest rapidly expanding," said Lalor.
  • "Newmark has built a world-class retail leasing and capital markets business, and the opportunity to lead and team up with some of the industry's most renowned and respected professionals creates immeasurable value-creation opportunities for our clients, combining expert insight into retail trends with capital markets advisory.

WATG Appoints John Page as Principal, Senior Director of Business Development for the Americas

Retrieved on: 
Tuesday, March 26, 2024
Principal, University, Sun Belt, Central Florida, Balfour Beatty Construction, Business development, Indian, Marketing, Architecture, WATG

LOS ANGELES, March 26, 2024 /PRNewswire/ -- WATG , the world's preeminent leader in luxury hospitality design, has announced the appointment of John Page as Principal and Senior Director of Business Development for the Americas.

Key Points: 
  • LOS ANGELES, March 26, 2024 /PRNewswire/ -- WATG , the world's preeminent leader in luxury hospitality design, has announced the appointment of John Page as Principal and Senior Director of Business Development for the Americas.
  • In his role as Principal / Senior Director of Business Development, John will be responsible for supporting WATG's growth strategy in The Americas in gaming, entertainment, hospitality and residential (multifamily and senior living) sectors.
  • "John's appointment in The Americas further elevates our business development team to support the sophisticated needs of our highly diverse client community.
  • Prior to rejoining WATG, Page held business development positions with Yates Construction, Balfour Beatty Construction, VallyCrest Companies and Tutor Perini Building Corporation.

UCLA Anderson Forecast Sees Higher Interest Rates and Restrained Growth in 2024, but Likelihood of U.S. Recession Fades

Retrieved on: 
Wednesday, March 13, 2024
Depression, Homelessness, Employment, Swag, Growth, Face, Weakness, Federal funds, Federal, Perception, Policy, Child, Management, AI, Private sector, Sun Belt, Robotics, Housing, Holiday, GDP, Fed, Federal Reserve, UCLA, Government, Television, Weather

LOS ANGELES, March 13, 2024 /PRNewswire/ -- The UCLA Anderson Forecast ended 2023 ringing an up note as its December forecast asserted that the long, lingering possibility of a recession had faded because of expansionary fiscal policy, new national industrial policy and a national consumer base that continued to spend, despite the perception of economic uncertainty. The first forecast of 2024 continues these themes, while also noting that the recurring threats of a government shutdown are short-lived and no longer sounding any serious alarms, and the strong second half of 2023 will carry into the new year.

Key Points: 
  • The forecast now expects less inventory adjustment in the current quarter and a moderation of consumer spending growth.
  • As a result, the GDP growth forecast for the first quarter of 2024 Q1 is lower, but still a respectable 2.2%.
  • However, the impact of higher interest rates will be felt in restraining growth in 2024.
  • The upside of the forecast is productivity growth thanks to new technology that drives higher wages and higher GDP.