SGD

Safe and Green Development Corporation Acquires XENE Real Estate AI Software

Retrieved on: 
Thursday, February 8, 2024
Acquisition, Innovation, Senior, Majestic, SGD, Rita of Armenia, MWH, Cryptocurrency

MIAMI, Fla, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQ: SGD) (“SG Devco” or the “Company”), today announced that it has closed on the previously announced acquisition of Majestic World Holdings (“MWH”), a real estate technology firm and owner of the Xene AI Software platform (“XENE Platform”).

Key Points: 
  • MIAMI, Fla, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQ: SGD) (“SG Devco” or the “Company”), today announced that it has closed on the previously announced acquisition of Majestic World Holdings (“MWH”), a real estate technology firm and owner of the Xene AI Software platform (“XENE Platform”).
  • Under the terms of the agreement, Matthew Barstow, MWH CEO & President will become Senior Vice President of Innovation at SG Devco.
  • David Villarreal, President & CEO of Safe and Green Development Corporation, stated, “Majestic is an innovator in real estate technology with a unique asset base and people with deep industry knowledge.
  • The XENE Platform is designed to streamline property transactions and offer a cost-effective alternative to traditional buyers' agent models.

Safe and Green Development Corporation Executes Contract to Sell St Mary’s Site for $1.35M

Retrieved on: 
Monday, February 5, 2024
City, SGD, IP, St. Mary's, Sale, Pleasure, Film industry

MIAMI, Fla, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQ: SGD) (“SG Devco” or the “Company”) is pleased to announce that it has entered into an agreement to sell its St Mary's property to Pigmental Studios for $1.35 million.

Key Points: 
  • MIAMI, Fla, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQ: SGD) (“SG Devco” or the “Company”) is pleased to announce that it has entered into an agreement to sell its St Mary's property to Pigmental Studios for $1.35 million.
  • The St Mary’s property consists of approximately 29 acres zoned for a manufacturing facility.
  • After discussions with the City & Pigmental Studios, the Company decided to sell the property to accommodate Pigmental Studios’ expansion in the area.
  • The Company remains interested in the St Mary’s region and will remain active via its investment in the Cumberland Inlet Project.

Hamilton Reserve Bank Accepts 70 Deposit Currencies, Expanding Staff, Offices Worldwide In 2024

Retrieved on: 
Wednesday, January 17, 2024
Banking, Professional Services, Finance, AED, Privacy, DKK, SGD, JPY, GBP, FX, Trust, Multimedia, Bank, Globalization, USD, NZD, MXN, CHF, HKD, CAD, Temenos, CNY, Cryptocurrency

View the full release here: https://www.businesswire.com/news/home/20240117015042/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240117015042/en/
    Hamilton Reserve Bank is now accepting 70 different currencies as client deposits, including all of the world’s major currencies.
  • Powered by Temenos , the world’s largest banking software provider, Hamilton Reserve Bank enables fast customer onboarding 100% online in 20 minutes .
  • Ghassan Nasr, CEO , International Markets of Hamilton Reserve Bank commented: “What makes Hamilton Reserve Bank so successful as the primary local bank for our worldwide clients is quite simple: total privacy, fast banking transactions, and best hassle-free private banking services.
  • These 70+ deposit currencies have well-positioned Hamilton Reserve Bank as the ‘local global bank’ for many clients.

Safe and Green Development Corp Provides Xene AI Software Expansion Plans

Retrieved on: 
Tuesday, January 16, 2024
SGD, Partnership, Insurance, Majestic, Ecosystem, Organization, Rita of Armenia, Marketing, REO

MIAMI, Fla, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQ: SGD) (“SG Devco” or the “Company”) and Majestic World Holdings (“MWH”), a real estate technology firm and owner of the Xene AI Software platform (“XENE Platform”), are pleased to announce the roll out strategy for the Xene platform.

Key Points: 
  • MIAMI, Fla, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQ: SGD) (“SG Devco” or the “Company”) and Majestic World Holdings (“MWH”), a real estate technology firm and owner of the Xene AI Software platform (“XENE Platform”), are pleased to announce the roll out strategy for the Xene platform.
  • The XENE Platform, empowered by state-of-the-art AI technology, is expected to transform the real estate landscape.
  • David Villarreal, President & CEO of Safe and Green Development Corporation, stated, “We are extremely happy to announce the nationwide roll out the Xene platform in the coming weeks through a comprehensive sales and marketing program.
  • The XENE Platform is designed to streamline property transactions and offer a cost-effective alternative to traditional buyers' agent models.

Safe and Green Development Corporation Announces Strategic Property Monetization Initiative throughout 2024

Retrieved on: 
Tuesday, January 9, 2024
Contribution, SGD

MIAMI, Fla, Jan. 09, 2024 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQ: SGD) (“SG Devco” or the “Company”) is pleased to announce that it will strategically look to monetize its real estate holdings throughout 2024.

Key Points: 
  • MIAMI, Fla, Jan. 09, 2024 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQ: SGD) (“SG Devco” or the “Company”) is pleased to announce that it will strategically look to monetize its real estate holdings throughout 2024.
  • The company has already initiated this strategy with the previously announced Contribution Agreement of Lago Vista wherein the property is valued at $11.5M as an equity interest in the development.
  • David Villarreal, President & CEO of Safe and Green Development Corporation stated, “Over the past three years we have worked diligently to garner valuable entitlements on the land we have acquired.
  • We will analyze certain markets to determine how we can best monetize the appreciation of the land value.

Safe and Green Development Corporation Announces Update on LOI for Acquisition of Xene Real Estate AI Software

Retrieved on: 
Thursday, January 4, 2024
MWH, BETA, Acquisition, SGD, Rita of Armenia, Insurance

MIAMI, Fla, Jan. 04, 2024 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQ: SGD) (“SG Devco” or the “Company”) is pleased to announce an update to the previously announced proposed investment in Majestic World Holdings (“MWH”), a real estate technology firm and owner of the Xene AI Software platform (“XENE Platform”). After conducting initial due diligence, the Company has negotiated a complete acquisition of Xene Platform along with its parent company MWH. The company will look to complete the acquisition by the end of the first quarter subject to final approval by the Board of Directors and execution of definitive documents.

Key Points: 
  • MIAMI, Fla, Jan. 04, 2024 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQ: SGD) (“SG Devco” or the “Company”) is pleased to announce an update to the previously announced proposed investment in Majestic World Holdings (“MWH”), a real estate technology firm and owner of the Xene AI Software platform (“XENE Platform”).
  • After conducting initial due diligence, the Company has negotiated a complete acquisition of Xene Platform along with its parent company MWH.
  • The XENE Platform completed a successful BETA launch earlier in 2023 and MWH has already started generating revenues.
  • David Villarreal, President & CEO of Safe and Green Development Corporation, stated, “The successful BETA run earlier in 2023 has given us the confidence to move forward with a complete acquisition of the XENE Platform.

Safe & Green Holdings CEO Provides Letter to Shareholders

Retrieved on: 
Wednesday, January 3, 2024
Tunnel, Trust, MPA, SGD, Letter, Growth

MIAMI, Jan. 03, 2024 (GLOBE NEWSWIRE) -- Safe & Green Holdings Corp. (NASDAQ: SGBX) (“Safe & Green Holdings” or the “Company”), a leading developer, designer, and fabricator of modular structures for residential, commercial, and point-of-care medicine, today provided the following letter to stockholders from Paul Galvin, the Company’s Chairperson and CEO:

Key Points: 
  • (SG DevCo) into a separate, publicly traded entity, which involved more than a year of dedicated effort and hard work from the Safe & Green team.
  • With a robust construction pipeline exceeding $800 million and record growth, we have expanded our manufacturing capabilities to meet the increasing demand.
  • Looking towards 2024, the prospects for Safe & Green Holdings are promising thanks to our current involvement in numerous projects.
  • I want to express my heartfelt gratitude to our Board of Directors and the entire Safe & Green Holdings team for their relentless efforts and significant contributions to the Company's achievements over the past year.

Fogo de Chão Expands Chicagoland Presence With a New Location in Schaumburg

Retrieved on: 
Tuesday, December 19, 2023
Economic development, Partnership, Restaurant, SGD, Ageing, Woodfield Mall, Commerce, Butcher

SCHAUMBURG, Ill., Dec. 19, 2023 (GLOBE NEWSWIRE) -- Fogo de Chão , the internationally-renowned restaurant from Brazil that allows guests to make culinary discoveries at every turn, announced today the signing of a lease agreement for its fifth restaurant in Chicagoland.

Key Points: 
  • SCHAUMBURG, Ill., Dec. 19, 2023 (GLOBE NEWSWIRE) -- Fogo de Chão , the internationally-renowned restaurant from Brazil that allows guests to make culinary discoveries at every turn, announced today the signing of a lease agreement for its fifth restaurant in Chicagoland.
  • The restaurant in Schaumburg, a northwestern suburb of Chicago and a thriving economic center, will offer a new dining experience to residents.
  • "As a major hub for business, economic development, and commerce in the Midwest, we are excited to expand in the Chicago market," said Barry McGowan, Chief Executive Officer of Fogo de Chão.
  • The restaurant marks the fifth Fogo location in Illinois, joining existing restaurants in Rosemont, Oak Brook, River North and Naperville.

Safe and Green Development Corporation Provides Update On Lago Vista Property with $11.5 Million Contribution Agreement

Retrieved on: 
Thursday, December 14, 2023
MNO, SGD, JV

David Villarreal, President & CEO of Safe and Green Development Corporation stated, “This is truly an exciting time for us as we continue to move forward according to our initial timeframes and schedules in the development process of Lago Vista.

Key Points: 
  • David Villarreal, President & CEO of Safe and Green Development Corporation stated, “This is truly an exciting time for us as we continue to move forward according to our initial timeframes and schedules in the development process of Lago Vista.
  • We anticipate that Lago Vista will become a premier development.
  • We are now looking forward to the next steps as we conclude 2023 with some major milestones being accomplished.”
    The Lago Vista property was originally purchased by SG Devco’s subsidiary for $3.5 million in 2021.
  • It is anticipated that that the JV will secure construction financing, which is a condition to the closing of the JV.

Safe and Green Development Corporation Announces Entry into Contribution Agreement to Form a Joint Venture to Develop the Lago Vista Property

Retrieved on: 
Monday, December 4, 2023
Partnership, SGD, JV

MIAMI, Fla., Dec. 04, 2023 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQ: SGD) (“SG Devco” or the “Company”) is pleased to announce that it has agreed to enter into a contribution agreement with an affiliate of MNO Partners to form a joint venture (the “JV”) to develop the Lago Vista property.

Key Points: 
  • MIAMI, Fla., Dec. 04, 2023 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQ: SGD) (“SG Devco” or the “Company”) is pleased to announce that it has agreed to enter into a contribution agreement with an affiliate of MNO Partners to form a joint venture (the “JV”) to develop the Lago Vista property.
  • MNO Partners is a community-centric real estate development firm that sponsors vibrant, healthy, and active places to live in the Austin-San Antonio corridor.
  • The cost to fully develop the property is estimated to be  approximately $80 million dollars which includes the development of the project from conception to completion.
  • The Lago Vista property was originally purchased by SG Devco’s subsidiary for $3.5 million in 2021.