City Holding(CHCO)
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City Office REIT Announces Second Quarter 2025 Earnings Release and Conference Call
Prnewswire· 2025-07-11 20:05
Group 1 - City Office REIT, Inc. will release its financial results for the quarter ended June 30, 2025, before the market opens on July 31, 2025 [1] - A conference call will be held at 11:00 am Eastern Time on July 31, 2025, to discuss the financial results [2] - A supplemental financial package will be available on the company's website to accompany the discussion [2] Group 2 - City Office REIT is focused on acquiring, owning, and operating office properties primarily in Sun Belt markets [6] - The company currently owns or has a controlling interest in 5.4 million square feet of office properties [6] - City Office has elected to be taxed as a real estate investment trust for U.S. federal income tax purposes [6]
Happy City Holdings Limited Announced Partial Exercise of Underwriter's Over-Allotment Option
GlobeNewswire News Room· 2025-07-11 15:00
Core Viewpoint - Happy City Holdings Limited has successfully completed a partial exercise of its over-allotment option in its initial public offering, raising additional funds for business expansion and working capital [1][2]. Group 1: Offering Details - The underwriters exercised their over-allotment option to purchase an additional 112,000 Class A Ordinary Shares at a price of $5.00 per share, resulting in additional gross proceeds of $0.56 million [1]. - The total number of Class A Ordinary Shares sold in the offering increased to 1,212,000 shares, with total gross proceeds reaching $6.06 million before deductions [1]. - The Class A Ordinary Shares began trading on the Nasdaq Capital Market on June 24, 2025, under the symbol "HCHL" [1]. Group 2: Use of Proceeds - The company intends to utilize the net proceeds from the offering for business expansion in Hong Kong and Southeast Asia, as well as for working capital and general corporate purposes [1]. Group 3: Company Overview - Happy City Holdings Limited operates three all-you-can-eat hotpot restaurants in Hong Kong, offering mixed style, Shabu Shabu-style, and Thai-style specialty hotpot [5]. - The company emphasizes a strong commitment to food quality and aims to provide an immersive dining experience through its unique brand image and prime restaurant locations [5].
PRIME FiBER Breaks Ground in Sun City, Arizona as Part of Wholesale Fiber Agreement with AT&T
Prnewswire· 2025-07-10 21:30
Core Insights - PRIME FiBER has commenced construction on a high-speed fiber network in Sun City, Arizona, marking a significant milestone in its expansion efforts [1][2] - The project is part of a wholesale fiber broadband services agreement with AT&T, contributing to AT&T's goal of reaching 60 million fiber locations in the U.S. by the end of 2030 [2][3] - The initial service areas in Sun City are expected to go live in the coming months, enhancing internet infrastructure in the region [4] Company Overview - PRIME FiBER is an open-access fiber-to-the-home (FTTH) infrastructure provider, serving various stakeholders including ISPs and enterprises across the U.S. [5] - The company is backed by InLight Capital, a private investment firm based in Sugar Land, Texas, which focuses on long-duration capital growth [7] Industry Context - The collaboration between PRIME FiBER and AT&T is part of a broader trend in the telecommunications industry aimed at improving internet access and reliability for communities [3][6] - The expansion into Arizona follows PRIME FiBER's previous deployments in Florida, indicating a strategic growth plan within the U.S. market [2]
PureVoltage Hosting Increases New York City Footprint with Major Telehouse / KDDI Expansion
GlobeNewswire News Room· 2025-07-09 20:40
Core Insights - PureVoltage Hosting announces a major expansion at the Telehouse facility in Staten Island, New York, reinforcing its position as the largest client at this location and commitment to providing high-performance infrastructure services globally [1][2] Capacity Expansion and Power Investment - The expansion includes the addition of 96 secure private-locking racks and 500kW of power, enhancing the company's ability to support enterprise, cloud, colocation, and AI workloads with improved reliability and flexibility [2] - PureVoltage has increased its connectivity to the New York International Internet Exchange (NYIIX), now exceeding 800Gbps of capacity, ensuring ultra-low latency and fast routing to major carriers and ISPs [4] Infrastructure Resilience - PureVoltage has maintained over 12 years of uninterrupted service at the Telehouse facility, demonstrating resilience even during catastrophic events like Hurricane Sandy, with no power-related downtime [3] Robust Features and Custom Solutions - The company offers a range of services including dedicated servers, bare metal, colocation, and cloud VPS solutions, designed to scale seamlessly for various workloads such as AI training clusters and fintech applications [5][10] - Key features include DDoS protection, 24/7 proactive network monitoring, carrier-neutral bandwidth, and compliance-ready environments [6] Vision for Future Growth - PureVoltage aims to expand across key markets including New York, Dallas, Los Angeles, Seattle, Tampa, and Chicago, with its relationship with Telehouse being crucial for future growth [6] - The Staten Island facility is strategically located for disaster resilience and long-term uptime, supporting enterprise digital transformation [9]
Medical City Dallas Hospital Adopts Perimeter's Innovative OCT Imaging Technology for Surgery
Prnewswire· 2025-07-02 12:00
Core Insights - Perimeter Medical Imaging AI, Inc. has announced the adoption of its S-Series OCT technology by Medical City Dallas Hospital for high-resolution visualization during surgeries, following the hospital's participation in a pivotal trial for the next-generation B-Series device [1][2] - The S-Series OCT technology, cleared by the FDA in 2021, provides real-time, cross-sectional imaging at the cellular level, making it suitable for identifying regions of interest in tissue microstructures [2][3] - The B-Series device, which integrates proprietary AI technology, is currently under evaluation by the FDA for use in breast-conserving surgeries [1][3] Company Overview - Perimeter Medical Imaging AI is based in Toronto and Dallas, focusing on transforming cancer surgery with advanced imaging tools that address significant medical needs [3] - The company’s S-Series OCT system is FDA-cleared and offers real-time visualization of excised tissues, while the investigational B-Series device has received a grant of up to US$7.4 million from the Cancer Prevention and Research Institute of Texas [3] Technology Details - The S-Series OCT is designed for evaluating excised human tissue microstructures, providing two-dimensional, cross-sectional, real-time depth visualization [4] - The technology is optimized for identifying features such as blood vessels, ducts, and glands, which are critical for visualizing surgical margins [2][4]
CSE Bulletin: Consolidation - City View Green Holdings Inc. (CVGR)
Newsfile· 2025-06-30 21:44
Group 1 - City View Green Holdings Inc. announced a consolidation of its issued and outstanding common shares at a ratio of one (1) post-consolidated common share for every ten (10) pre-consolidated common shares [1][2][3] - The total number of outstanding shares will be reduced to approximately 45,681,347 common shares following the consolidation [1][3] - The name and symbol of the company will remain unchanged despite the share consolidation [2][4] Group 2 - All open orders will be canceled at the close of business on July 2, 2025, and dealers are advised to re-enter their orders considering the share consolidation [2][4] - Trading on a consolidated basis will commence on July 3, 2025, with the record date and anticipated payment date also set for July 3, 2025 [5] - The new CUSIP and ISIN for the consolidated shares are 178718201 and CA1787182015, respectively, while the old CUSIP and ISIN are 178718102 and CA1787181025 [5]
Credit Rating For The Unrated REITs (Part 4): City Office REIT, Inc.
Seeking Alpha· 2025-06-30 15:06
Group 1 - The article invites active investors to join a free trial and engage in discussions with sophisticated traders and investors [1] Group 2 - There are no disclosed stock, option, or derivative positions in any mentioned companies, and no plans to initiate such positions within the next 72 hours [2] - The article expresses the author's own opinions and is not compensated beyond Seeking Alpha [2] Group 3 - Past performance is not indicative of future results, and no specific investment recommendations are provided [3] - The views expressed may not reflect those of Seeking Alpha as a whole, and the analysts may not be licensed or certified [3]
Simon Boosts Portfolio With Brickell City Centre's Retail Arm Buyout
ZACKS· 2025-06-30 14:50
Core Insights - Simon Property Group (SPG) has acquired Swire Properties' stake in Brickell City Centre's open-air shopping center, gaining full ownership and management of the asset, which is expected to enhance leasing and revenue growth, thereby creating shareholder value [1][9] Group 1: Acquisition Details - The acquisition includes a 500,000-square-foot retail asset within Brickell City Centre, which features over 90 retail stores and 15 dining locations across three city blocks [2][3][9] - Previously, SPG held a 25% non-managing interest in the retail space at Brickell City Centre [1] Group 2: Property Overview - Brickell City Centre is a mixed-use destination covering five million square feet, known for its architectural sophistication and completed in 2016 [2] - The shopping center is anchored by a Saks Fifth Avenue and includes a Casa Tua Cucina location, providing a diverse dining and entertainment experience [3] Group 3: Company Strategy - Simon Property has been restructuring its portfolio to focus on premium acquisitions and transformative redevelopments, including the complete takeover of The Mall Luxury Outlets from Kering and a multimillion-dollar redevelopment at Smith Haven Mall [4][5] - The company has been investing billions to enhance its properties and drive footfall [4] Group 4: Market Challenges - The company faces challenges from growing e-commerce adoption and a high debt burden, which may strain retailers' balance sheets amid macroeconomic uncertainty [6] - SPG's shares have declined by 3.4% over the past three months, slightly worse than the industry's decline of 3.1% [6]
Simon® Acquires Swire Properties' Interest in the Open-Air Shopping Center at Brickell City Centre
Prnewswire· 2025-06-27 14:33
Core Insights - Simon has acquired Swire Properties' interest in the retail and parking at Brickell City Centre, transitioning from a 25% non-managing interest to full ownership and management of the asset [1][4]. Group 1: Company Overview - Simon is a real estate investment trust (REIT) focused on premier shopping, dining, entertainment, and mixed-use destinations, and is part of the S&P 100 [5]. - Swire Properties, Inc. is a leading developer in South Florida, known for its $1 billion master-planned development of Brickell City Centre and recognized for its commitment to sustainable development [6]. Group 2: Property Details - Brickell City Centre is a mixed-use property covering approximately five million square feet, featuring a 500,000-square-foot open-air shopping center under the Climate Ribbon, which provides sunshade, airflow, and rainwater collection [2]. - The shopping center includes over 90 retail stores and more than 15 premium dining and entertainment locations, anchored by Saks Fifth Avenue and featuring brands like Apple, Chanel, and Nike [3].
Happy Belly Food Group's Rosie's Burgers Announces the Signing of Its First Real Estate Location in Atlantic Canada for the City of Halifax, Nova Scotia
Newsfile· 2025-06-26 10:15
Core Insights - Happy Belly Food Group Inc. has signed its first real estate location for Rosie's Burgers in Halifax, Nova Scotia, marking a significant step in its national expansion strategy [1][3][5] Expansion Strategy - The company has secured 105 locations under area development agreements across various provinces including Atlantic Canada, Saskatchewan, Manitoba, British Columbia, Alberta, and Ontario [5] - The growth strategy involves a dual-track approach of corporate store development alongside an asset-light franchise model [5][7] Market Potential - Halifax is identified as an ideal location due to its strong demographics, economic stability, and vibrant culinary culture, with a population exceeding 600,000 [8] - The city has a youthful demographic driven by major universities and a thriving student scene, which aligns with the target market for fast-casual and comfort food [8] Brand Positioning - Rosie's Burgers aims to become Canada's leading national smash burger brand, leveraging its expertise in the burger category and a robust franchising platform [5][7] - The brand focuses on providing franchisees with essential tools and resources for success, emphasizing a predictable and disciplined growth approach [7]