College of New Rochelle

Adaptive Reuse to Drive Distressed Investing in 2024 and Beyond

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星期三, 五月 8, 2024
Education, ROI, Feature article, A&G, Port, Bankruptcy, Distress, Freemasonry, COVID-19, Environment, Bed Bath & Beyond, Bed, College, CMBS, JCR, Multimedia, Creativity, FDIC, College of New Rochelle, Cazenovia College, Commercial property

NEW YORK, May 8, 2024 /PRNewswire/ -- Distressed investing will be a prime focus in commercial real estate in 2024 and beyond, with the office market continuing as the largest source of stress, advised a real estate sales veteran from A&G Real Estate Partners. 

Key Points: 
  • "At $518 per square foot, this price is heavily discounted versus replacement cost and an example of an adaptive use triumph."
  • In retail real estate, reuse opportunities include backfilling vacant anchor spaces with the likes pickleball courts, self-storage facilities, daycare/early education centers or residential buildings.
  • Two recent A&G deals in New York illustrate the potential for adaptive use to benefit this sector.
  • "These imaginative solutions," Koulichkov concludes, "can provide the distressed investor with a valuable edge" in producing higher cash-on-cash yields.

A&G Accepting Offers on 225 Acres of College Real Estate in Unity, Maine

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星期三, 八月 9, 2023
Unity College, College of New Rochelle, Maintenance, Kaplan University, Dowling College, University, A&G, Education, Bed, Cazenovia College, Bloomfield College, Head, Multimedia, Organization, Internet, Greystar Real Estate Partners, Student, Running, Laboratory, Growth, ESG, Interstate 95, Interstate Highway System, Biomass, Property management, Management, Tunnel, Tourism

NEW GLOUCESTER, Maine, Aug. 9, 2023 /PRNewswire/ -- Unity Environmental University—a nonprofit, fully accredited institution with a main campus in New Gloucester—is offering for purchase its 225-acre, secondary teaching location at 90 Quaker Hill Rd. in Unity.

Key Points: 
  • "The University is bucking the trend of distress in higher education in a remarkable way," noted Emilio Amendola , Co-President of A&G and head of the New York-based firm's real estate sales division.
  • "It is a beautiful location, situated on 225 acres surrounded by woodlands and hills and just a short walk from downtown Unity, with an abundance of amenities."
  • "These facilities are well-maintained, with buildings totaling more than 100,000 square feet and with approximately 600 beds in all," noted Christian Koulichkov , Managing Director, Real Estate Sales, A&G Real Estate Partners.
  • "By acquiring these assets in addition to the real estate, a school could be up and running with up to 600 students very quickly."

New York State Police to Sign Two-Year Cazenovia College Lease

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星期三, 七月 26, 2023
College of New Rochelle, Kaplan University, A&G, Cazenovia College, Head, Sale, Greystar Real Estate Partners, Hyatt Grand Central New York, Central New York, Management

CAZENOVIA, N.Y., July 26, 2023 /PRNewswire/ -- Cazenovia College will serve as the home of the New York State Police Auxiliary Academy in a lease transaction arranged by A&G Real Estate Partners and announced by Governor Kathy Hochul.

Key Points: 
  • Located in the heart of Cazenovia—a scenic village 20 miles south of Syracuse in Central New York—the nearly 200-year-old college ceased operations this past spring.
  • "Along with Governor Hochul, we're extremely pleased to announce this creative and constructive outcome."
  • Part of Governor Hochul's plan to bolster public safety in New York state, the leased space is large enough to allow up to 275 recruits and 115 instructors, according to the governor's office.
  • The New York-based firm's past engagements in the education sector include ITT/Daniel Webster College, Dowling College, The College of New Rochelle, Career Education Corp., and Kaplan University.

National Civil Rights Museum Hosts its 6th Ruby Bridges Reading Festival

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星期二, 五月 9, 2023
Presidential Citizens Medal, Connecticut College, College of New Rochelle, Ruby Bridges, Left–right political spectrum, Smile, Music, Partnership, Teachers College, Columbia University, Memphis Public Library, Education, Magic, The New York Times, Parent, National Civil Rights Museum, Bridge, Greenhouse effect (United States Supreme Court), The Walt Disney Company, Tulane University, Literacy, This Is Your Time, Community, Reading, Supreme court, International Paper, Through My Eyes, Family, NAACP, Rain, Entertainment, Book, Founders Park

Memphis, TN, May 09, 2023 (GLOBE NEWSWIRE) -- The National Civil Rights Museum is proud to partner with civil rights and literacy advocate Ruby Bridges for the sixth year to host the Ruby Bridges Reading Festival on Saturday, May 13, from 10:00 am to 3:00 pm.

Key Points: 
  • Memphis, TN, May 09, 2023 (GLOBE NEWSWIRE) -- The National Civil Rights Museum is proud to partner with civil rights and literacy advocate Ruby Bridges for the sixth year to host the Ruby Bridges Reading Festival on Saturday, May 13, from 10:00 am to 3:00 pm.
  • The free festival celebrates Bridges’ legacy of advocating for equal rights, literacy, and tolerance by bringing together families across racial, economic, and educational backgrounds through reading.
  • “I am so proud of this partnership with the National Civil Rights Museum and the tradition we’ve built together of supporting the community and emphasizing the importance of literacy,” said Bridges.
  • “Community events like the Ruby Bridges Reading Festival allow parents and educators to acquire summer reading resources for enrichment opportunities that can impact tomorrow’s future leaders.”
    Over 10,000 children’s books are typically given away during the festival.

Mercy College Celebrates Honorees and Raises More Than $400,000 for Student Scholarships at its 42nd Annual Trustees' Gala

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星期一, 五月 8, 2023
Communication, Natural science, Serviam, Anesthesiology, Time management, Mercy College (New York), Howard University College of Medicine, Boston University School of Public Health, Retirement, Division, Faculty, Alers, Friends, Health promotion, Motivation, Mercy College, CNR, Community Impact Newspaper, The College of Medicine, Parent, Lung cancer, Medicine, Thought, Gerald Loeb Lifetime Achievement Award winners, College of New Rochelle, Professional, Fire, Student, School, Charles R. Drew University of Medicine and Science, Female, Nursing, Tutoring, Science, Mercy, Health, Trustee, Imamura, College, Biology

DOBBS FERRY, N.Y., May 8, 2023 /PRNewswire-PRWeb/ -- Today, Mercy College announced that it raised more than $400,000 at its 42nd Annual Trustees' Scholarship Gala to benefit student scholarships. Held at Glen Island Harbour Club in New Rochelle, New York on May 4th, the event drew nearly 300 attendees, including community leaders, as well as Mercy trustees, students, Mercy and College of New Rochelle (CNR) alumni, faculty and staff, and friends who gathered in person and virtually to celebrate the evening's honorees and raise critical funds for students.

Key Points: 
  • Mercy College announced that it raised more than $400,000 at its 42nd Annual Trustees' Scholarship Gala to benefit student scholarships.
  • DOBBS FERRY, N.Y., May 8, 2023 /PRNewswire-PRWeb/ -- Today, Mercy College announced that it raised more than $400,000 at its 42nd Annual Trustees' Scholarship Gala to benefit student scholarships.
  • "I'm so proud of how proud our alumni are for their degrees of Mercy College," said Tim Hall, president of Mercy College, who received a standing ovation.
  • "Mercy College has brought incredible resources to our community and to its students under President Hall," said Westchester County Legislator Imamura.

Global Leader Indra Nooyi Speaks at Mercy College about Breaking Down Barriers

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星期三, 五月 3, 2023
CNR, Workforce, Dobbs Ferry, New York, College of New Rochelle, College, Women in Science Hall of Fame (U.S. State Department), Education, Choice, Workplace, Woman, PepsiCo, National Women's Studies Association, Student, Portrait, Inequality, Singapore Women's Hall of Fame, Mercy, Mercy College, Faculty, Family, Management, Nursing, Indra Nooyi, Smithsonian Institution

DOBBS FERRY, N.Y., May 3, 2023 /PRNewswire-PRWeb/ -- On May 1, 2023, Mercy College welcomed Indra Nooyi, former chairman & CEO, PepsiCo, to its Dobbs Ferry campus for an engaging conversation about breaking down barriers. Nooyi, a global leader who rose to become PepsiCo's chairman and chief executive officer, shared insights she developed over the years – included in her book "My Life in Full: Work, Family, and Our Future" – about gender bias, inequality and being a mother in today's workforce. Nearly 250 people attended the event, including Mercy College students, faculty, staff, Mercy and College of New Rochelle (CNR) alumni, Mercy Trustees and community partners spanning the education, nonprofit and business sectors.

Key Points: 
  • DOBBS FERRY, N.Y., May 3, 2023 /PRNewswire-PRWeb/ -- On May 1, 2023, Mercy College welcomed Indra Nooyi, former chairman & CEO, PepsiCo, to its Dobbs Ferry campus for an engaging conversation about breaking down barriers.
  • Nearly 250 people attended the event, including Mercy College students, faculty, staff, Mercy and College of New Rochelle (CNR) alumni, Mercy Trustees and community partners spanning the education, nonprofit and business sectors.
  • "It is indeed an honor to host a corporate luminary and visionary thinker such as Indra Nooyi," said Tim Hall, president of Mercy College.
  • That good global citizenship is something we try to instill in all our students at Mercy College as they head into their various careers."

A&G Offers Two Campuses of Cazenovia College in Central New York

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星期三, 三月 29, 2023
Heart, Kaplan University, Dowling College, College, Senior, A&G, Cazenovia College, Head, Research, Multimedia, Micron Technology, Greystar Real Estate Partners, College of New Rochelle, Student, Economic development, Health, House, Management, Real estate, Central New York

CAZENOVIA, N.Y., March 29, 2023 /PRNewswire/ -- The main campus and equestrian center of Cazenovia College are available in the latest education-sector real estate sale by A&G Real Estate Partners.

Key Points: 
  • Firm now accepting offers for wooded campus dotted with 19th-century brick buildings, along with a well-known equestrian and horse-industry education center
    The nearly 200-year-old college boasts two campuses in the heart of Cazenovia, a scenic village 20 miles south of Syracuse in Central New York.
  • The 27-acre, 14-parcel main campus and the approximately 244-acre equestrian center, including adjacent land, are available for purchase either together or separately.
  • "Cazenovia College is the centerpiece of the village and will remain very important to the community," he said.
  • The New York-based firm's past engagements in the education sector include ITT/Daniel Webster College, Dowling College, The College of New Rochelle, Career Education Corp., and Kaplan University.

A&G Co-Presidents: Selling Real Estate and Renegotiating Leases Can Be a Winning Strategy for Colleges and Universities

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星期一, 二月 6, 2023
City, Goodwin University, Paier College, Tenant, Higher education, Greystar Real Estate Partners, University of Bridgeport, Human, Bloomfield College, COVID-19, Consultant, AGB, Education, Sale, Dowling College, Cambridge College, Coffee, School, Healey, College, Montclair State University, Marketing, Association of Governing Boards of Universities and Colleges, A&G, Multimedia, College of New Rochelle, Real estate, Management, Commercial property, Auction, Property management, University

NEW YORK, Feb. 6, 2023 /PRNewswire/ -- Colleges and universities can generate more liquidity from real estate optimization projects if they first study the needs of landlords, prospective buyers and local communities, advised executives from A&G Real Estate Partners and Cambridge College in a Jan. 19 webinar.

Key Points: 
  • The Association of Governing Boards of Universities and Colleges (AGB) produced the one-hour program, " Using Real Estate to Bolster Liquidity in Higher Education ."
  • Healey, who formerly spearheaded real estate strategies at Connecticut's The University of Bridgeport, said many schools could benefit from real estate optimization given today's declining enrollments, rising interest rates and higher inflation.
  • Panelists said boards of healthy and distressed schools can avoid leaving money on the table by taking a methodical approach to renegotiating leases, selling real estate assets and conducting sale-leaseback transactions.
  • Boards should be wary of third-party consultants who apply a one-size-fits-all approach to real estate marketing and deals, Amendola cautioned.

SEC Announces Enforcement Results for FY 2021

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星期四, 十一月 18, 2021
Ripple Labs, RBC Capital Markets, Coronavirus, Sale, CEO, Wells Fargo, Technology, Book, PCAOB, Community Bank, BlueCrest Capital Management, Locus, Orthodox, KPMG, Chief executive officer, Public Company Accounting Oversight Board, Naked short selling, ICO, UBS, Pfizer, WPP, Nikola, SEC, FCPA, Goldman Sachs, College of New Rochelle, Charles Ponzi, Risk management, COVID-19, 1Malaysia Development Berhad scandal, Record, Silicon, CFO, Advertising, Fraud, S&P, Division, Natural Resources, CPA, Growth, Virtual CFO, Cryptocurrency, Management, Audit, Private investigator, Financial adviser, Pharmaceutical industry, Financial services, Security (finance)

Suspended two former KPMG auditors for alleged improper professional conduct during the audit of the not-for-profit College of New Rochelle.

Key Points: 
  • Suspended two former KPMG auditors for alleged improper professional conduct during the audit of the not-for-profit College of New Rochelle.
  • Barred a securities lawyer from practicing or appearing before the SEC.
  • Brought a number of important actions against companies and executives, including: Under Armour ; Sequential Brands Group ; and SAExploration Holdings and four former executives .
  • Charged two individuals for alleged wash trading in the options of certain meme stocks in early 2021.

Mercy College's 'A' Stable Outlook Credit Rating Reaffirmed by Standard & Poor's

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星期六, 八月 24, 2019
Credit rating agencies, Standard & Poor's, College of New Rochelle, Finance, Companies, Service companies

DOBBS FERRY, N.Y., Aug. 23, 2019 /PRNewswire-PRWeb/ --Mercy College today announced its 'A' Stable Outlook credit rating was reaffirmed by Standard & Poor's Rating Services, which is evidence of the College's strong capacity to meet its financial commitments and maintain a healthy financial outlook.

Key Points: 
  • DOBBS FERRY, N.Y., Aug. 23, 2019 /PRNewswire-PRWeb/ --Mercy College today announced its 'A' Stable Outlook credit rating was reaffirmed by Standard & Poor's Rating Services, which is evidence of the College's strong capacity to meet its financial commitments and maintain a healthy financial outlook.
  • In assigning the 'A' rating with a stable outlook, Standard & Poor's also cited the agreement with The College of New Rochelle (CNR) to provide CNR students with an uninterrupted pathway to achieving their college degrees.
  • "Standard & Poor's rating recognizes Mercy College's keen fiscal responsibility, management and stability," said Bruce J. Haber, Chairman of the Board of Mercy College.
  • "The 'A' rating by Standard & Poor's is a testament to Mercy College's ongoing financial stewardship and management," said President Tim Hall.