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Party City Appoints Barry Litwin as New President & CEO
Prnewswire· 2024-08-12 13:00
WOODCLIFF LAKE, N.J., Aug. 12, 2024 /PRNewswire/ -- Party City Holdco Inc. is thrilled to announce that Barry Litwin will be joining the company as their new President and Chief Executive Officer (CEO). "The team and I look forward to welcoming Barry to the Party City family," said Bob Hull, Chairman of the Board at Party City. "We are extremely confident that Barry's expertise in fostering business growth and transformation as well as his people-focused leadership style will bring Party City to the next le ...
Banana Republic Celebrates the Opening of Newly Redesigned Store in Century City, California
Prnewswire· 2024-08-08 19:07
LOS ANGELES, Aug. 8, 2024 /PRNewswire/ -- Today, Banana Republic, a lifestyle brand in the Gap Inc. (NYSE: GPS) portfolio, announces the reopening of their location at Westfield Century City in Los Angeles following the reopening of the brand's New York City flagship store in SoHo earlier this spring. Experience the full interactive Multichannel News Release here: https://www.multivu.com/players/English/9283451-banana-republic-century-city-california/ Banana Republic Celebrates the Opening of Newly Redesign ...
City Holding(CHCO) - 2024 Q2 - Quarterly Report
2024-08-07 13:54
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $2.50 par value CHCO NASDAQ Global Select Market ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ...
G7 Capital City Police Take Delivery of KWESST T-SAS Systems(TM) and Enter into Agreement to Trial KWESST Lightning(TM)
Newsfile· 2024-08-07 12:17
. . . G7 Capital City Police Take Delivery of KWESST TSAS Systems(TM) and Enter into Agreement to Trial KWESST Lightning(TM) August 07, 2024 8:17 AM EDT | Source: KWESST Micro Systems Inc. Ottawa, Ontario--(Newsfile Corp. - August 7, 2024) - KWESST Micro Systems Inc. (NASDAQ: KWE) (TSXV: KWE) (TSXV: KWE.WT.U) ("KWESST" or the "Company") today announced that a G7 capital city police service (the "Agency") has taken delivery of three T-SAS™ systems (previously announced as "Overwatch Commander" when the order ...
MARRIOTT INTERNATIONAL SIGNS AGREEMENT WITH ZHONG AN COMMERCIAL GROUP TO BRING W HOTELS TO HANGZHOU
Prnewswire· 2024-08-02 02:00
SHANGHAI, Aug. 1, 2024 /PRNewswire/ -- Marriott International, Inc. recently announced that it has signed an agreement with Zhong An Commercial Group, part of China New City Group, to bring the W Hotels brand to Hangzhou. Anticipated to open in 2031, W Hangzhou will be located at the northwest intersection of Minhe Road and Liyi Road in Qianjiang Century City, Hangzhou's developing new CBD. With its bold, detail-driven design, elevated service, and engaging always-on programming, the hotel is poised to beco ...
City Office REIT Reports Second Quarter 2024 Results
Prnewswire· 2024-08-01 10:00
Core Insights - City Office REIT, Inc. reported a GAAP net loss of approximately $5.6 million for Q2 2024, with a core FFO of about $11.5 million, indicating ongoing challenges in profitability despite some positive leasing activity [2][3][34]. Financial Performance - Total rental and other revenues for the quarter were $42.3 million, down from $44.6 million in the same quarter of the previous year [2][34]. - The company declared a cash dividend of $0.10 per share for common stock and $0.4140625 per share for Series A Preferred Stock, both paid on July 24, 2024 [13][14]. - The net loss attributable to common stockholders was $5.6 million, or $0.14 per diluted share, compared to a loss of $2.5 million, or $0.06 per diluted share, in Q2 2023 [35]. Leasing Activity - The company executed approximately 269,000 square feet of new and renewal leases during the quarter, with renewal cash rents increasing by 4.3% compared to expiring rents [2][5]. - New leases signed had a weighted average lease term of 6.3 years at an effective annual rent of $25.95 per square foot [8]. Portfolio Operations - As of June 30, 2024, the total portfolio consisted of 5.6 million net rentable square feet, with an occupancy rate of 83.0%, or 87.3% including signed leases not yet occupied [4][5]. - Same Store Cash NOI decreased by 2.0% year-over-year for the three months ended June 30, 2024 [4]. Capital Structure - The company had total principal outstanding debt of approximately $652.4 million, with about 90% of the debt being fixed rate or effectively fixed due to interest rate swaps [9]. - The weighted average interest rate on the debt was 5.0%, with a weighted average maturity of approximately 2.3 years [9]. Strategic Initiatives - The CEO highlighted the company's focus on strategic property upgrades and enhancing the balance sheet, with the highest quarterly new leasing activity since the pandemic [3]. - The company successfully renewed its last two 2024 property-level debt maturities, extending maturities by two and five years [3]. Disposition of Real Estate - The company transferred its Cascade Station property in Portland, Oregon, to the lender, reducing total debt outstanding by $20.6 million and recognizing a net loss of $1.5 million on the transaction [12].
Applied Digital Secures Final $25 Million from Garden City Facility Sale
GlobeNewswire News Room· 2024-07-30 20:40
DALLAS, July 30, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing (HPC) applications, announced today that it has met the conditional approval requirements related to the release of the escrowed funds from the sale of its Garden City, Texas facility. The Company has now received the remaining $25 million of the purchase price held in esc ...
Gabelli Funds to Host 30th Annual Aerospace & Defense Symposium at The Harvard Club, New York City Thursday, September 5, 2024
GlobeNewswire News Room· 2024-07-30 20:00
RYE, N.Y., July 30, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds, LLC, is hosting our annual Aerospace & Defense Symposium at The Harvard Club in New York City on September 5th. The conference will draw top executives from more than ten companies, with a focus on the themes of strong demand outlook, high barriers to entry, large aftermarket opportunity, growth in excess of GDP, defense spending, and M&A potential for the Aerospace and Defense industry. Attendees will also have the opportunity to meet with managem ...
The City of Vineland, NJ Achieves $1 Million in Online Surplus Sales Through GovDeals Partnership
GlobeNewswire News Room· 2024-07-30 12:30
VINELAND, N.J., July 30, 2024 (GLOBE NEWSWIRE) -- The City of Vineland, New Jersey has recently reached the milestone of over $1 million in surplus property auction sales conducted on GovDeals, the leading online auction marketplace for government agencies, educational institutions, and related agencies to sell surplus assets. According to Jeanine N. Meneghettie, the city's Qualified Purchasing Officer, "Reallocating surplus assets and transforming them into additional resources for serving our community is ...
Bank of Botetourt Files Application for New Office at Melrose Plaza located in Roanoke City
Prnewswire· 2024-07-30 12:00
As a 125-year-old community bank, this expansion highlights the Bank's commitment to providing personalized banking services, including mortgage, commercial and agricultural lending, insurance, and wealth management solutions to customers throughout the region. Bank of Botetourt has a rich history of serving the banking needs of individuals and businesses, and the new office will provide an opportunity for Bank of Botetourt to be a valuable member of Roanoke City. The new office will be staffed by experienc ...