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City Office REIT Announces Fourth Quarter and Full Year 2024 Earnings Release and Conference Call
Prnewswire· 2025-01-10 21:05
VANCOUVER, Jan. 10, 2025 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office" or the "Company") announced today it will release its financial results for the quarter and year ended December 31, 2024, before the market opens on Thursday, February 20, 2025.City Office's management will hold a conference call at 11:00 am Eastern Time on February 20, 2025 to discuss the Company's financial results. Additionally, a supplemental financial package to accompany the discussion of the results will be po ...
Terreno Realty Sells Industrial Property in Union City
ZACKS· 2025-01-09 16:01
Terreno Realty Corporation (TRNO) announced the disposition of a vacant industrial distribution building encompassing around 66,000 square feet on 3.0 acres of land in Union City, CA. The sale was carried out for around $16.9 million on Jan. 7, 2025.The move is part of the company’s financing strategy, through which it aims to maintain financial flexibility to facilitate long-term growth. Terreno Realty purchased the property on March. 26, 2015 for $7.4 million. The investment yielded an unleveraged intern ...
Salt Lake City's Life Science Ecosystem Poised for Significant Growth
Newsfile· 2025-01-08 16:23
Salt Lake City Life Science Ecosystem - Salt Lake City is rapidly becoming a hub for the life science industry, driven by medical innovation, a supportive business environment, and a flourishing specialized real estate market [1] - The growth is fueled by a collaborative spirit within the community, where stakeholders work together to drive excellence in the life sciences sector [1] - Colliers International's Salt Lake City office is leveraging its expertise in commercial real estate to support the burgeoning life science market, including a project to address data analysis needs in the life science workspace [1] Industry Growth and Economic Impact - The life science industry in Utah has seen impressive job growth of 5.1% annually over the last decade, with an average annual salary of $96,000 [3] - The industry contributed $21.6 billion to the state's GDP in 2022 [3] - Utah ranks third in the U.S. for the concentration of life science jobs, highlighting its emergence as a major hub [3] - Over 1,600 life science establishments operate in Utah, ranging from small startups to large companies with over 1,000 employees [3] Colliers International and Life Sciences Practice - Colliers International is a leading global diversified professional services company specializing in commercial real estate services, engineering consultancy, and investment management, with operations in 70 countries and 22,000 professionals [8][10] - The Colliers Life Sciences Practice Group in Utah offers comprehensive services tailored to the life sciences industry, including site selection, master planning, design, construction, and ongoing operations [9] - Colliers has delivered approximately 20% compound annual investment returns for shareholders over nearly 30 years, with annual revenues exceeding $4.5 billion and $99 billion of assets under management [10] Chris Kirk and Colliers Salt Lake City Office - Chris Kirk, Managing Director of Colliers International's Salt Lake City office, has nearly three decades of experience in commercial real estate, specializing in the telecommunications, defense, and life sciences sectors [4][5] - Chris is recognized for his expertise in repositioning properties to achieve maximum market visibility and for his role in strengthening Utah's economic landscape through various board memberships [5][7] - He holds the prestigious Society of Industrial and Office Realtors (SIOR) designation and is a sought-after speaker and educator in the commercial real estate industry [6]
Mercury Becomes First Major Insurance Company to Return to Paradise California as City's Rebuilding Efforts Gain Momentum
Prnewswire· 2025-01-07 17:00
Innovative City Planning and State Officials' Leadership Pave the Way for Mercury Insurance to Begin Offering Homeowners Coverage to Paradise Residents in the Wake of Catastrophic Wildfire PARADISE, Calif., Jan. 7, 2025 /PRNewswire/ -- Mercury Insurance (NYSE: MCY), a leading provider of property and casualty insurance, announced today that the company will begin writing new homeowners insurance policies in the town of Paradise, CA. Mercury is the first major insurance company to begin offering policies to ...
Party City to auction off leases to all US stores as it goes out of business
New York Post· 2025-01-07 03:56
Company Overview - Party City operates 695 stores in the United States and 155 stores across Canada, Puerto Rico, and Mexico [2][7] - The company announced the closure of all its US stores after 40 years of operation due to high inflation and declining customer demand [6][7] Auction Details - Party City is auctioning off leases for all 695 US store locations through A&G Real Estate Partners [1][6] - The auction features turn-key spaces in strategic retail locations with favorable lease terms, suitable for both urban and suburban markets [2] - The bidding deadline is set for early February [3][5] Real Estate Portfolio - The store portfolio is described as large and diverse, with many locations in high-traffic shopping centers [4] - A&G Real Estate Partners highlights the portfolio as an extraordinary opportunity for expanding retail operators [4] Industry Context - The closure of Party City marks the end of an era in the retail industry, reflecting broader challenges faced by traditional retailers [4] - The former owner of Modell's Sporting Goods expressed interest in acquiring Party City and Big Lots, potentially reviving the brand [5]
Vail stock struggles as strike leads to long lines at Park City Mountain
CNBC· 2025-01-06 15:23
Labor Dispute Impact - Vail Resorts shares dropped more than 5% over the last week and around 6% compared with a month ago due to a labor dispute involving the Park City Professional Ski Patrol Association [4] - The strike has caused long lines, closures, and delays at Park City, leading to customer complaints on social media [1] - The labor dispute could turn into a "professional crisis" for CEO Kirsten Lynch, as the situation has frustrated customers and investors [5] Union Demands and Company Response - The Park City patrol is demanding a raise in base wages to $23 per hour from $21, which has remained unchanged since 2022 [3] - Vail did not offer a counterproposal to the union's demands related to wages or benefits as of Dec 27, the first day of the strike [3] - The union encouraged readers not to buy lift tickets or spend at resorts during the strike to pressure Vail into securing a fair contract [4] Industry Context - The labor dispute has raised awareness of the consolidation of America's ski resorts under Vail and a few other companies [2] - Park City, the largest U S mountain by lift access and a host of the 2002 Winter Olympics, is a key asset for Vail, which also owns Breckenridge and dozens of other resorts [2][4]
Mountain and Ski Resorts Market Report 2024-2028 & 2033 Featuring Major Players, Alterra Mountain Co, Vail Resorts, Mammoth Mountain, Park City Mountain Resort, and Snowbird Ski Resort
GlobeNewswire News Room· 2025-01-06 09:31
Market Overview - The mountain and ski resorts market size grew from $13.24 billion in 2023 to $14.74 billion in 2024 at a CAGR of 11.3% [2] - The market is expected to grow to $22.71 billion by 2028 at a CAGR of 11.4% [3] - Asia-Pacific is projected to be the fastest-growing region in the forecast period [4] Growth Drivers - Rising disposable income, advancements in transportation infrastructure, and growing popularity of winter sports contributed to historic growth [2] - Adaptation to climate change, increasing health and wellness trends, and rising foreign tourism are expected to drive future growth [3] - The growing popularity of winter sports, supported by advancements in equipment and better access to ski resorts, is a key driver [5] Industry Trends - Adoption of artificial intelligence, growth of adventure tourism, and virtual reality experiences are key trends [3] - Major companies are focusing on developing innovative AI-integrated features to enhance guest services and improve safety measures [7][8] - Vail Resorts introduced My Epic Assistant, an AI-powered feature offering real-time information and personalized recommendations [9] Market Segmentation - The market is segmented by services, age group, consumer orientation, booking channel, and tourist type [14] - Services include skiing, trekking, rides, sledding, snowmobiling, and other activities [15] - Age groups range from below 15 years to above 55 years [15] - Booking channels include online and in-person booking [15] - Tourist types include domestic and international visitors [15] Competitive Landscape - Major companies in the market include Vail Resorts, Alterra Mountain Company, Mammoth Mountain, and Whistler Blackcomb [12] - Vail Resorts acquired Crans-Montana Mountain Resort for $0.12 billion to expand its presence in the European ski market [10] Regional Analysis - The market covers countries such as Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, and Spain [4] - The global market is analyzed by region and country, with forecasts provided for 2018-2023, 2023-2028, and 2033 [15][16]
Strong U.S. dollar and high yields weaken gold fundamentals, but price still has a path to $3,000/oz in 2025 – City Index's Razaqzada
KITCO· 2024-12-27 19:11
Ernest HoffmanErnest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations. Ernest began working in market news in 2007, establishing the broadcast division of CEP News in Montreal, Canada, where he developed the fastest web-based audio news service in the world and produced economic news videos in partnership with MSN and the TMX. He has a Bachelor's degree Specialization in ...
City View Green Announces First Tranche Closing and Extension of Its Non-Brokered Private Placement
Newsfile· 2024-12-23 13:27
Toronto, Ontario--(Newsfile Corp. - December 23, 2024) - City View Green Holdings Inc. (CSE: CVGR) (OTC Pink: CVGRF) ("City View" or the "Company"), an innovative Canadian-based cannabis-infused edibles manufacturing company, announces that it has now completed a first tranche (the "First Tranche") of its non-brokered private placement (the "Offering") previously announced on October 17, 2024. Under the First Tranche, the Company has issued 23,475,000 units for gross proceeds of $234,750. No finder's fees ...
Party City going out of business after 40 years
Fox Business· 2024-12-20 22:21
Party City is permanently shutting down. CEO Barry Litwin said it was "necessary to commence a wind down process immediately" for the party supplies retailer, CNN reported Friday, citing comments from a Party City conference call with its corporate workers. While speaking Friday with Party City staff, Litwin reportedly said Party City’s "very best efforts have not been enough to overcome" the issues it has been facing and that the company has "done everything possible that we could to try to avoid this outc ...