Brookfield Properties

ACRE and Project Destined Launch Bridge Program to Introduce Underserved Communities to Careers in Multifamily Direct Lending

Retrieved on: 
Thursday, March 9, 2023

ACRE , a global real estate private equity firm, and its partner Project Destined, a social impact platform that provides students in underserved communities with training in financial literacy, entrepreneurship and real estate, today announced the launch of a training program focused on multifamily direct lending.

Key Points: 
  • ACRE , a global real estate private equity firm, and its partner Project Destined, a social impact platform that provides students in underserved communities with training in financial literacy, entrepreneurship and real estate, today announced the launch of a training program focused on multifamily direct lending.
  • The eight-week bridge program will afford students based in New York City with training in origination, fundraising, underwriting and due diligence.
  • Accepted fellows will have the opportunity to join weekly bridge program sessions, earn scholarships and network with ACRE executives.
  • ACRE joins a growing list of partners that includes Wells Fargo, JLL, Newmark, Greystar, Hines, Eastdil Secured, and Brookfield Properties.

FD Stonewater Announces Advisory Committee for New Value-Add Evergreen Fund

Retrieved on: 
Thursday, March 9, 2023

ARLINGTON, Va., March 9, 2023 /PRNewswire-PRWeb/ -- The FD Stonewater STAR Evergreen Fund, L.P. (the "STAR Evergreen Fund") formally announced Michael McNamara, Daniel Philips, and Nancy McGrath as initial members of the fund's Advisory Committee. The Advisory Committee's primary role is to review and opine on conflicts of interest related to the fund. The fund launched in December 2022 to pursue a Single Tenant Active Return (STAR) strategy focused on assembling a diversified portfolio of mission-critical single-tenant real estate assets in U.S. secondary and tertiary markets across industrial, government, research and development, and office sectors. In December 2022, FD Stonewater announced the first closing of the STAR Evergreen Fund in the amount of $19 million, simultaneous with the acquisition of two seed assets.

Key Points: 
  • The FD Stonewater STAR Evergreen Fund, L.P. (the "STAR Evergreen Fund") formally announced Michael McNamara, Daniel Philips, and Nancy McGrath as initial members of the fund's Advisory Committee.
  • ARLINGTON, Va., March 9, 2023 /PRNewswire-PRWeb/ -- The FD Stonewater STAR Evergreen Fund, L.P. (the "STAR Evergreen Fund") formally announced Michael McNamara, Daniel Philips, and Nancy McGrath as initial members of the fund's Advisory Committee.
  • In December 2022, FD Stonewater announced the first closing of the STAR Evergreen Fund in the amount of $19 million, simultaneous with the acquisition of two seed assets.
  • Jeffrey Toporek, Co-Founder for FD Stonewater said, "we are incredibly grateful to Mike, Dan, and Nancy for their continued commitment to, and support of, FD Stonewater and the STAR Evergreen Fund.

Textile Artist Alice Kettle wins the 2023 Brookfield Properties Craft Award

Retrieved on: 
Thursday, March 2, 2023

LONDON, March 2, 2023 /PRNewswire/ -- Recognised as one of the most important textile artists in the UK, Alice Kettle, represented by Candida Stevens Gallery, has been announced as the winner of the 2023 Brookfield Properties Craft Award. Kettle won the award, a leading contemporary craft prize for UK-based artists worth the equivalent value of £60,000, in recognition of her significant contribution to the national story of contemporary craft and making. 

Key Points: 
  • LONDON, March 2, 2023 /PRNewswire/ -- Recognised as one of the most important textile artists in the UK, Alice Kettle , represented by Candida Stevens Gallery , has been announced as the winner of the 2023 Brookfield Properties Craft Award.
  • Kettle won the award, a leading contemporary craft prize for UK-based artists worth the equivalent value of £60,000, in recognition of her significant contribution to the national story of contemporary craft and making.
  • The artist was selected as the award winner by the curatorial teams at Crafts Council and Brookfield Properties.
  • This year we celebrate an artist committed to her practice and an ever-changing narrative, which we strongly believe will create two stunning summer shows for the public."

SPOT TO OPEN SIXTH U.S. OFFICE IN CHICAGO

Retrieved on: 
Tuesday, February 21, 2023

CHICAGO, Feb. 21, 2023 /PRNewswire/ -- Spot, one of the fastest-growing logistics companies in North America, announced today it will open another office, its sixth in the U.S., in Chicago this October. The company has signed a new, 31,000-square-foot lease for the 11th floor at 24 E. Washington Street, also known as the Marshall Field & Company Building, a landmark that includes Macy's and the famous Tiffany Dome Ceiling. The new office will accommodate Spot's exponential growth and further support the company's hiring goals by leveraging the area's diverse talent pool. Spot plans to hire 200 employees over the next two years, initially focusing on sales and technology positions.

Key Points: 
  • CHICAGO, Feb. 21, 2023 /PRNewswire/ -- Spot, one of the fastest-growing logistics companies in North America, announced today it will open another office, its sixth in the U.S., in Chicago this October.
  • Spot plans to hire 200 employees over the next two years, initially focusing on sales and technology positions.
  • "We chose Chicago because of the city's exceptionally strong talent network," said Spot Co-Founder Andrew Elsener.
  • To learn more about Spot's open positions, visit spotinc.com/careers, and to learn more about open tech positions, visit Spot's technology company, Red Technologies, at redtms.com/careers.

Brookfield Properties, Credit Suisse, Cy Capital and HIRE Capital spearhead Brazil real estate data initiative

Retrieved on: 
Tuesday, January 31, 2023

NEW YORK, Jan. 30, 2023 /PRNewswire/ -- Preciso today announced the successful expansion of its data exchange platform to Brazil, with the participation of global and domestic funds including Brookfield Properties, Credit Suisse Hedging-Griffo (CSHG), Cy Capital and HIRE Capital, among others. The group of investment funds, FIIs and banks will independently and anonymously contribute and access redacted lease data for office and industrial assets to support underwriting and leasing activities and strengthen investment theses.

Key Points: 
  • NEW YORK, Jan. 30, 2023 /PRNewswire/ -- Preciso today announced the successful expansion of its data exchange platform to Brazil, with the participation of global and domestic funds including Brookfield Properties, Credit Suisse Hedging-Griffo (CSHG), Cy Capital and HIRE Capital, among others.
  • Preciso's focus on data verification and recognition of key confidentiality considerations has created the necessary balance to ensure institutional participation.
  • "This revolutionary commercial real estate initiative will enable companies to deliver maximum returns at a time of global uncertainty and to continue to attract foreign capital," said Preciso's Isi Stein.
  • "Preciso addresses this challenge, and we are excited to be involved in this innovative initiative, which will certainly help many players in the real estate market to obtain better quality real estate data."

California Homebuilding Foundation Announces 2023 Hall of Fame Inductees

Retrieved on: 
Wednesday, January 18, 2023

The California Homebuilding Foundation today announced its 2023 Hall of Fame honorees, comprising of homebuilding professionals who have exemplified the Foundation’s mission of forging a bright future for the next generation of homebuilders.

Key Points: 
  • The California Homebuilding Foundation today announced its 2023 Hall of Fame honorees, comprising of homebuilding professionals who have exemplified the Foundation’s mission of forging a bright future for the next generation of homebuilders.
  • “The Foundation is proud to place five honorees into our Hall of Fame in 2023, each of whom represent a gold standard in the homebuilding industry for innovation, leadership and philanthropy,” said Terri Brunson, Executive Director of the California Homebuilding Foundation.
  • “We are excited to honor these individuals, whose names and work will be added to our esteemed list of California homebuilding professionals in our Hall of Fame.”
    Since 1985, the Foundation has annually honored outstanding individuals in the homebuilding industry through its Hall of Fame.
  • The 2023 Hall of Fame honorees are Adrian Foley (Brookfield Properties), Michael Maples and Gregg Nelson (Trumark Homes), Leonard Miller (BrightSky Residential) and John Shea (J.F.

Vivid Seats Announces Grand Opening of New Chicago Headquarters

Retrieved on: 
Thursday, December 15, 2022

Over the last year, Vivid Seats entered the public markets on the NASDAQ and has achieved record revenues in each quarter since.

Key Points: 
  • Over the last year, Vivid Seats entered the public markets on the NASDAQ and has achieved record revenues in each quarter since.
  • Our new headquarters is both an investment in Vivid Seats’ current and future employees, as well as Chicago’s growing tech sector,” said Stan Chia, Chief Executive Officer of Vivid Seats.
  • “On behalf of Chicago’s business community, we congratulate the entire Vivid Seats team on the opening of its new corporate headquarters space in the Marshall Field building,” said Michael Fassnacht, President & CEO, World Business Chicago.
  • Vivid Seats has been recognized by Newsweek as one of America’s Best Companies for Customer Service in ticketing.

Clip Money is Here for Retailers Beyond Black Friday With Next Gen Cash Deposit Solution

Retrieved on: 
Thursday, December 1, 2022

BOSTON, Dec. 01, 2022 (GLOBE NEWSWIRE) -- Clip Money, Inc. (Clip) (TSXV:CLIP) (OTCQB:CLPMF) is a first-to-market cash deposit solution that brings convenient, cost-effective financial services to retailers.

Key Points: 
  • BOSTON, Dec. 01, 2022 (GLOBE NEWSWIRE) -- Clip Money, Inc. (Clip) (TSXV:CLIP) (OTCQB:CLPMF) is a first-to-market cash deposit solution that brings convenient, cost-effective financial services to retailers.
  • Clip, as a result, is focused on supporting retailers so that they, in turn, can deliver exceptional customer service over the holiday season.
  • Clips network of secure self-service deposit boxes are conveniently located in common areas of malls and large retailers where business customers can quickly and safely deposit cash.
  • Clip Money, Inc. improves the business deposit experience through transformational digital and mobile enabled platform services.

VTS Strengthens its Leadership Team with New CTO to Support Technological Innovation

Retrieved on: 
Thursday, December 1, 2022

In her new role, Penikelapati will lead the entire engineering and IT teams driving innovation and continuing VTS work in providing best-in-class technology solutions for customers.

Key Points: 
  • In her new role, Penikelapati will lead the entire engineering and IT teams driving innovation and continuing VTS work in providing best-in-class technology solutions for customers.
  • As CTO, Penikelapati will partner with VTS Chief Product Officer, Gijo Mathew, to build and scale VTS entire platform for customers, driven by unique first-party data and insights available only to VTS.
  • As our platform and customer base expands, it's imperative that we continue to expand our best-in-class team with top talent who share our collective VTS values, said Nick Romito, CEO of VTS.
  • With the VTS Platform, consisting of VTS Data, VTS Market, VTS Rise, and VTS Lease, every business stakeholder in commercial real estate is given the real-time market information and executional capabilities to do their job with unparalleled speed and intelligence.

Clip Money Inc. Reports Third Quarter 2022 Results

Retrieved on: 
Thursday, November 24, 2022

TORONTO, Nov. 23, 2022 (GLOBE NEWSWIRE) -- Clip Money Inc. (TSX-V: CLIP) (OTCQB: CLPMF) (Clip Money or the Company), a company that operates a multi-bank self-service deposit system for businesses, is pleased to announce its financial results for the three and nine months ended September 30, 2022.

Key Points: 
  • TORONTO, Nov. 23, 2022 (GLOBE NEWSWIRE) -- Clip Money Inc. (TSX-V: CLIP) (OTCQB: CLPMF) (Clip Money or the Company), a company that operates a multi-bank self-service deposit system for businesses, is pleased to announce its financial results for the three and nine months ended September 30, 2022.
  • The Clip Money cash deposit network officially went live in the United States (U.S.) in July 2022, accepting business deposits at ClipDrop Box locations across the U.S.
    Transaction volumes continue to steadily ramp.
  • Clip Money was named Best CashTech Startup at the CashTech Innovation Awards, which took place at the Future of Cash Conference in Madrid, Spain on September 15, 2022.
  • A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements.