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INVL Partner Global Real Estate Fund I raises an additional USD 1.85 million from investors
Globenewswire· 2026-01-05 07:30
Group 1 - INVL Partner Global Real Estate Fund I has raised an additional USD 1.85 million from investors, bringing the total raised to USD 15.39 million from 51 investors in the Baltic States [1][3] - The fund targets investors seeking diversification in the U.S. real estate market, highlighting the successful completion of its fifth placement round [2] - The fund's portfolio includes investments in real estate funds managed by Brookfield Asset Management and will soon include a fund managed by Hines, both of which are prominent players in the real estate sector [4] Group 2 - Brookfield Asset Management manages over USD 1 trillion in assets, with approximately USD 270 billion in real estate, ranking third globally in real estate assets under management [5] - The fund aims to increase capital value over the long term while providing periodic income to investors [6] - INVL Asset Management is recognized as the leading Baltic alternative asset manager, managing over EUR 2 billion across various asset classes [7]
BLAQclouds, Inc. Announces Spinout of BLAQclouds Property Group and Shareholder Distribution Details
Globenewswire· 2025-12-31 13:00
Core Viewpoint - BLAQclouds, Inc. is planning to spin out its wholly owned subsidiary, BLAQclouds Property Group, which will focus on acquiring and managing income-producing commercial real estate, providing shareholders with direct exposure to real assets [1][8][10]. Spinout Distribution Details - The ex-dividend date for the distribution of shares in BLAQclouds Property Group is set for January 5, 2026, at 4:00 PM Eastern Time [2][6]. - Shareholders will receive one share of BLAQclouds Property Group for every one hundred shares of BLAQclouds, Inc. owned as of the ex-dividend date [6][5]. - Dominion Stock Transfer will act as the transfer agent for the distribution [6]. Strategic Focus of BLAQclouds Property Group - BLAQclouds Property Group will concentrate on the acquisition, ownership, and management of brick-and-mortar commercial real estate in high-growth and strategically selected markets [6][10]. - The spinout aims to create a clearer investment profile for both BLAQclouds and BLAQclouds Property Group, allowing each entity to operate with a focused mandate [10][8]. Ongoing Relationship Between the Companies - Post-spinout, BLAQclouds Property Group will maintain operational independence while benefiting from BLAQclouds' technology stack [9][10]. - BLAQclouds will retain a 60% ownership stake in BLAQclouds Property Group and will serve as the Chief Technical and Blockchain Architect for the properties owned by the group [14]. Company Overview - BLAQclouds, Inc. bridges traditional finance and decentralized ecosystems, focusing on building blockchain applications that simplify commerce and payments [11]. - The company aims to make spending cryptocurrency as easy and trusted as traditional currency [11].
GigaCloud Technology Inc Expands Fulfillment Network with New Facility in New Jersey
Globenewswire· 2025-12-09 13:00
Core Insights - GigaCloud Technology Inc has announced a new lease for a fulfillment center in Jackson Township, New Jersey, which will enhance its global fulfillment infrastructure and support the growth of its marketplace ecosystem [1][2]. Company Expansion - The new facility spans approximately 617,000 square feet and is set to commence operations in January 2026, making it GigaCloud's largest facility in New Jersey [1][2]. - With this addition, GigaCloud's fulfillment network now includes 38 strategic locations totaling over 11 million square feet across five countries [2]. Operational Strategy - The CEO of GigaCloud emphasized that the new facility strengthens the company's fulfillment network and capacity to handle increasing transaction volumes, highlighting the importance of an optimized operational footprint for their Supplier Fulfilled Retailing® model [3]. - The company aims to evolve its infrastructure in line with long-term demand, enabling reseller and retailer customers to grow confidently [3]. Company Overview - GigaCloud Technology Inc specializes in global end-to-end B2B technology solutions for large parcel merchandise, integrating various services into a single platform known as the "GigaCloud Marketplace" [4]. - The marketplace connects manufacturers, primarily in Asia, with resellers in the U.S., Asia, and Europe, facilitating efficient cross-border transactions [4].
Nordic Fibreboard AS consolidated unaudited interim report for the third quarter of 2025
Globenewswire· 2025-11-28 16:05
MANAGEMENT REPORT Consolidated net sales for Q3 2025 were € 1.99 million, which was a 2.5% increase compared to the same period last year (Q3 2024: € 1.94 million). Nordic Fibreboard`s sales revenue Q3 2025 was generated from the Group`s main activity, which is the production and wholesale of fibreboard. The consolidated EBITDA of Nordic Fibreboard for Q3 2025 was positive € 94 thousand, the EBITDA margin was positive 5% (Q3 2024: EBITDA was negative € 19 thousand, and the EBITDA margin was negative 1%). Co ...
Changes in the Supervisory Board of subsidiary
Globenewswire· 2025-11-28 15:00
The membership of the Supervisory Board of Aktsiaselts Infortar subsidiary AS Elenger Grupp is changing. As of December, 1 2025 Priit Tamme is appointed as a member Supervisory Board based on a resolution of the sole shareholder of AS Elenger Grupp. The Supervisory Board of AS Elenger Grupp will continue with five members. Infortar operates in seven countries. the company's main fields of activity are maritime transport. energy and real estate. Infortar owns a 68.47% share in Tallink Grupp. a 100% share in ...
Fannie Mae intends to foreclose on Bronx properties
Yahoo Finance· 2025-10-01 16:20
Group 1 - Fannie Mae has initiated foreclosure proceedings on a $61.5 million loan associated with two properties in New York City, citing default on payments since April 2020 [3][7] - The borrower, Fordham Fulton Realty Corp., has entered into multiple forbearance agreements but still owes payments due from October 2024 onward [3] - Legal issues for Fordham Fulton Realty include a lawsuit filed by The Legal Aid Society on behalf of 62 tenants seeking repairs for over 600 open violations in Fulton Towers [5][6] Group 2 - Tenants have reported severe neglect, including prolonged heat and water outages, and malfunctioning elevators, leading to allegations of falsified certifications by the landlord [6][7] - Fannie Mae's complaint seeks a receiver to manage the properties, foreclosure of the mortgage, and a monetary judgment against the borrower and guarantor for any remaining funds post-foreclosure [7]
Witkoff Sold $120 Million Stake in His Company, Disclosure Shows
Yahoo Finance· 2025-09-14 15:52
Core Points - Steve Witkoff sold an interest in his real estate management company for $120 million to avoid potential conflicts of interest [1][3] - The financial disclosure indicates Witkoff's assets are valued at least $350 million, with several holdings exceeding $50 million [4][3] - Witkoff's portfolio includes residential and commercial real estate, stakes in various tech companies, and digital assets [5] Group 1: Financial Disclosure - The financial disclosure was submitted in August and indicates Witkoff's official start date as June 30 [2] - The document does not confirm approval from ethics officials at the White House [2] - Witkoff's holdings include upscale properties in major cities such as Los Angeles, Miami Beach, and New York City [3] Group 2: Asset Valuation - Witkoff's assets include residential real estate in Southampton, New York, and a cash account at a US bank [4] - Other significant holdings include a stake in SpaceX, shares in Cisco Systems, Reddit, and Uber [5] - Witkoff received $34 million in distributions from a holding company that includes various real estate developments and World Liberty Financial [6]
Nordic Fibreboard AS consolidated unaudited interim report for the second quarter of 2025
Globenewswire· 2025-08-28 15:15
Core Insights - Nordic Fibreboard experienced a significant decline in consolidated net sales for Q2 2025, totaling € 1.87 million, a 14% decrease from € 2.18 million in Q2 2024, primarily due to reduced sales in European Union markets [1][7][9] - The company's EBITDA for Q2 2025 was negative € 94 thousand, compared to a positive € 217 thousand in Q2 2024, indicating a decline in profitability driven by increased repair and maintenance costs [3][22] - The net loss for Q2 2025 was € 46 thousand, worsening from a net loss of € 23 thousand in the same period last year [4][22] Financial Performance - Total revenue for Q2 2025 was € 1,868 thousand, down from € 2,179 thousand in Q2 2024, with fibreboard production and sales contributing € 1,867 thousand and real estate management only € 1 thousand [5][22] - The EBITDA margin for Q2 2025 was negative 5%, a significant drop from a positive 10% in Q2 2024, reflecting the overall decline in operational efficiency [3][22] - The total operating loss for Q2 2025 was € 222 thousand, compared to an operating profit of € 86 thousand in Q2 2024 [6][22] Segment Analysis - Fibreboard production and sales saw a revenue decrease to € 1.87 million in Q2 2025, with a notable 52% drop in sales within the Estonian market [7][9] - Real estate management revenue fell to € 1 thousand in Q2 2025 from € 9 thousand in Q2 2024, attributed to the termination of rental agreements due to high communal costs [2][10] - The EBITDA for the fibreboard segment was negative € 67 thousand in Q2 2025, compared to a positive € 228 thousand in Q2 2024, indicating a significant decline in profitability [9][22] Market Outlook - The market for energy-efficient and environmentally friendly products is expected to grow, with the company aiming to lead in this segment by providing innovative solutions [18][19] - The company plans to continue investing in product development and customer relationships to adapt to market changes and maintain competitiveness [17][19] - A merger agreement between Nordic Fibreboard AS and Pärnu Riverside Development OÜ has been established to simplify the company's structure, which may enhance operational efficiency [21]
Caliber Establishes LINK Token Digital Asset Treasury
Globenewswire· 2025-08-28 11:15
Core Viewpoint - Caliber has approved a new digital asset treasury strategy focused on acquiring LINK tokens, positioning itself as a first-mover among U.S. public companies in blockchain-based treasury management practices [1][4] Group 1: Digital Asset Treasury Strategy - The Board of Directors has adopted a comprehensive digital asset treasury policy (DAT Policy) to manage and maximize returns from digital asset holdings, specifically LINK tokens [1][3] - The DAT Policy includes guidelines for acquisition, custody, management, security protocols, and internal controls [3][6] - The strategy aims to enhance shareholder value, strengthen the balance sheet, and improve liquidity [3][4] Group 2: Formation of Advisory Board - The Caliber Crypto Advisory Board (CCAB) has been established to provide guidance on the implementation and oversight of the DAT Strategy and related initiatives [2][5] - The CCAB will assist in aligning the company's capital structure with best practices in digital asset treasury strategies [2] Group 3: Investment Rationale - Holding LINK as a reserve asset is expected to provide exposure to a high-quality, liquid digital asset with long-term appreciation potential [4] - The integration of Chainlink's technology is anticipated to automate and improve key business processes, enhancing operational efficiency [4][5] - Recent partnerships between Chainlink and major institutions like Mastercard and SWIFT highlight its critical role in the future of finance [5] Group 4: Funding and Growth Strategy - Caliber plans to fund LINK acquisitions through existing cash reserves, equity-based securities, and its ELOC [6] - The company aims to leverage its 16-year track record of innovation in investment offerings to grow its LINK digital asset treasury [6][7]
What to know about the Manhattan office building housing Blackstone, NFL that was scene of shooting
Fox Business· 2025-07-29 17:15
Company Overview - The shooting incident occurred at 345 Park Avenue, which serves as the headquarters for several firms, including Blackstone, Rudin Management, and the NFL [1][2] - Blackstone has been a tenant in the building since 1988 and recently expanded its office space from 719,000 square feet to 1.06 million square feet, occupying 55% of the building [5] Incident Details - The gunman, identified as Shane Tamura, had a grievance against the NFL and mistakenly entered the wrong elevator bank during the shooting [7][9] - The incident resulted in the deaths of four individuals, including Wesley LePatner, Global Head of Core+ Real Estate at Blackstone, and an NYPD officer, Didarul Islam [15] Company Response - Following the shooting, Blackstone's offices in Manhattan were closed on the following day, with employees instructed to work from home [17] - KPMG, another tenant in the building, also closed its office and advised employees to work remotely [17]