Jordan Fried, Principal of Sterling Organization, is Named a 2022 Honoree of ICSC’s 4...
WEST PALM BEACH, Fla. - December 28, 2022 - (Newswire.com)
Jordan Fried, one of three Principals at Sterling Organization, has been named a 2022 ICSC 4 Under 40 honoree. This highly coveted award honors the next generation of leaders in the Marketplaces Industry. "To receive this recognition from peers is extremely meaningful to me," said Mr. Fried. "It is also incredibly exciting to have an opportunity to join the ICSC Board of Trustees as a Next Gen Trustee, where I am hopeful to bring a fresh and valued perspective to the variety of initiatives conducted by ICSC," he added.
In Mr. Fried's current role as Principal at Sterling Organization, the West Palm Beach, FL-based, vertically integrated, private equity real estate investment firm with a national portfolio of 73 properties totaling approximately 12.3 million square feet, he is responsible for the identification, analysis and execution of new retail real estate investment opportunities and the disposition of retail properties. Additionally, he oversees the capital markets group which spearheads all financing and refinancing efforts for the firm and also sits on Investment Committees for all of the firm's investment vehicles.
"We are very proud, but not surprised, to hear that Jordan has been recognized by our industry in receiving the 4 Under 40 Award from ICSC. I have worked alongside Jordan for 10 years and have watched him grow and excel throughout his journey in our industry. Jordan is a consummate professional, hardworking, highly intelligent, relationship-oriented, ethical and someone I am honored to call a partner," said Brian Kosoy, Managing Principal and CEO of Sterling Organization.
One of Fried's career aspirations is to continue mentoring the next wave of industry talent. "When I started with Sterling, we were a much smaller company than we are now and as a result, I was fortunate to work closely with the firm's senior executives and gain exposure to many different aspects of the business. I've been extremely fortunate to have numerous accomplished executives graciously share their time and offer valuable advice to me throughout my career," he said. "I am hopeful that I can provide similar coaching and mentorship for the next generation of talent as they seek to establish their own careers in real estate," he added.
"This award recognizes Jordan as a person of strong character, ethics and integrity who has earned the trust and respect of those around him," said Adam Munder, Principal of Sterling Organization. "As a partner in business, and as a person, Jordan is and has been a great role model for the next generation of industry talent and Sterling team members," he added.
Mr. Fried holds a BBA from The George Washington University and received an MBA with honors from Emory University's Goizueta Business School.
Contact Information:
Dana Verhelst
SVP, Marketing
[email protected]
+15618127476
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Original Source: Jordan Fried, Principal of Sterling Organization, is Named a 2022 Honoree of ICSC's 4 Under 40 Award
MountainWest Real Estate Begins Negotiations With City of Chula Vista and Metropolitan Transportation System...
CHULA VISTA, Calif. - December 28, 2022 - (Newswire.com)
MountainWest Real Estate received approval from The City of Chula Vista, California, and Metropolitan Transportation System (MTS) to begin negotiations for the proposed Bayview Point, a mixed-use mobility hub development located on a 10-acre site between 707 F Street and 750 E Street in Chula Vista, California.
The MountainWest Real Estate development team includes Chelsea Investment Corporation, Campus Architect — Tucker Sadler Architects, The Concord Group, Kimley-Horn, Wimmer Yamada & Caughey and Andrea Trapp — Creative Director that will work alongside MountainWest on the negotiations with The City of Chula Vista and Metropolitan Transit System. The Bayview Point development team will demonstrate to The City of Chula Vista and MTS how the mixed-use mobility hub development plan is aligned with the program and composition of land uses, and meets the vision and priority uses established for MTS and city-owned sites to create a vibrant urban and transit-oriented development for Chula Vista's urban core.
Bayview Point includes luxury residential towers, affordable housing, five-star hotel and restaurants, retail, fitness center, medical office, outdoor public-use spaces and transportation programming. Tucker Sadler Architects' design concept for Bayview Point weaves the fabric of Chula Vista South Bay and San Diego by connecting and integrating rather than setting itself apart as an isolated place. The design complements established neighboring uses, and is a vibrant and unique place that cohesively links urban streetscape to a new welcoming transportation hub. "The contemporary design inspiration is a reflective of the different Southern California soft hues of the ocean, sunrise and sunsets over the marina, and majestic mountain ranges," said Greg Mueller, CEO and Principal Designer, Tucker Sadler Architects.
The proposed Bayview Point's $900 million budget will provide employment opportunities to thousands of local residents and produce approximately 4,000 temporary jobs during construction, including 2,531 workers directly onsite, and 286 permanent jobs will be in place after the completion of the development, including 184 positions directly onsite.
"Chula Vista's Bayview Point will be on a prime 10-acre location with unobstructed views. Chula Vista's partnership with MTS and the MountainWest team's vision will create a destination location that will bring substantial renewal and economic activity for the city," said Chula Vista Mayor John McCann.
"The City of Chula Vista presented MountainWest with an opportunity to create a dynamic vision for the 10-acre site as a sought-after place to live, work and enjoy the connectivity of Chula Vista's urban core with the UC San Diego Blue Line Trolley and San Diego's Big Bay. The best part is that we collaborated with key stakeholders for input, so it really was a concerted team effort," said Jim Pieri, CEO of MountainWest.
Bayview Point will include 267 affordable housing units for low-income individuals and families. "What we see, particularly in San Diego County, is an extreme shortage of affordable housing in the rental market and this is the strongest foothold toward economic stability. Chelsea Investment Corporation is proud to be a part of the affordable housing solution, and to be a part of changing people's lives for the better," said Chelsea Investment Corporation founder Jim Schmid.
Contact Information:
Kevin O'Neill
[email protected]
Kimberley Monday
Monday Agency - Public Relations & Communications
[email protected]
310-703-7781
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Original Source: MountainWest Real Estate Begins Negotiations With City of Chula Vista and Metropolitan Transportation System to Develop Bayview Point in Chula Vista, CA
New Barstow Policing Programs Get Underway as Economic Development Plans Emerge for Future Major...
Hereafter Farms is Building America’s Largest Sustainable Eco Community on 460 Acres in Georgia
ATLANTA - December 27, 2022 - (Newswire.com)
"It's surreal that we're actually doing it," states Hereafter Farms Co-Founder Farrakhan Ali.
Their plan is to create a self-sustaining town where they and over 100 families will grow their own food, teach their own children, build sustainable housing, and develop businesses to create a healthy economic ecosystem that expands far beyond the community itself.
"When I started there were only a few of us. It was the height of the pandemic and I think we were all forced to think differently. I thought to myself, if there was ever a time to move towards self-sufficiency, this is it. It's time to do what I've been thinking about all these years. What I couldn't plan for was that there were thousands of people who were thinking the exact same thing I was at that time," says Ali.
After months of searching, they found the perfect property.
Their 460 acres in Georgia has water, roads, existing tiny homes, and enough infrastructure for them to get a few projects off the ground quickly.
The secret, according to Ali, is keeping God at the center of everything.
The 100+ families are a diverse group of farmers, educators, health professionals, builders, tradesmen, seniors and millennials, and from the looks of it, they have the people they need to build and manage their town.
When asked why they chose the name "The Hereafter," Ali explains it to us, "It's a new environment. Hereafter means something new, right here. We're building something new, growing something new, because we have a safe environment where everyone can be free to think and live creatively and peacefully."
They plan to farm their own food using organic techniques, greenhouses, tower farms, row crops, and harvesting natural energy to create sustainable growing systems using solar energy. Animals are in their future, and they have timber for expanded home construction.
Their school seems to be a top priority. "Studies show mental health in children has had a downward trend. We are neutralizing that by offering them a safe space and an inclusive educational experience, reconnecting them with nature, with themselves, with God, and with their neighbors."
The business plan is to create commercial activity that circulates currency within the community and expands outward into a public marketplace.
Their plan is to build in phases. The first phase includes clearing land, purchasing agricultural supplies and farming equipment, renovating the preexisting structures on the land, and covering the costs to get the development kicked off.
"We're not just building this town for us, but to leave a legacy for the next generation, so they can create a better world than the one we grew up in."
You can support their initiative here: https://gofund.me/fd454c98
Contact Information:
Farrakhan Muhammad
PR
[email protected]
4706930390
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Original Source: Hereafter Farms is Building America's Largest Sustainable Eco Community on 460 Acres in Georgia
JS Bank Solves Problems as Pakistan’s First Bank to Offer INSTANT Cashback on Credit...
With inflation rising and prices touching the ceiling, JS Bank, one of Pakistan's fastest-growing banks, has come up with a unique offering that aims to solve these problems for its customers. Living up to its role as an industry trendsetter, JS Bank has launched the First Instant Cashback on JS Credit Cards.
JS Credit Card holders will receive instant cashback when they purchase fuel at any station across Pakistan. In addition to this, the bank is all set to introduce cashback on other expenditures in the coming months, such as on groceries, travel, utility bills, and even educational fee payments.
In this economically tough situation, JS Bank's initiative helps customers in saving money at the time of purchase since cashback is automatically applied at checkout. This way, customers will never miss the opportunity to save while refueling or shopping. Unlike other products, which can take up to 30 days to give cashback to customers, JS Bank sends the cashback instantly.
Once the program is fully launched, consumers will be able to purchase products from thousands of leading brands with instant cashback. Whether it's holiday shopping, a new fridge, or a birthday gift, customers can go to thousands of retailers where they can shop and get universal cashback on all their purchases.
Sharing his views on the new offering, Fahad Siddiqui, Head of Products, said, "While cashback is not a new feature, JS Bank is the first Pakistani bank to offer it instantly - which means no more waiting till the end of the month to get your money back - greatly solving the problems that customers face due to high prices."
JS Credit Cards are offered in four main variants - Classic, Gold, Platinum, and Signature - with varying credit limits and additional benefits for cardholders.
The instant cashback feature comes as a big sigh of relief for customers across the country since the prices of fuel, groceries, and even utility bills have recently gone up.
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About JS Bank: JS Bank is amongst the fastest-growing Banks in Pakistan, with both a domestic and international presence. The Bank is a leader in the SME space and has a substantial footprint in Digital Banking and Consumer Loans. JS Bank has been recognized on multiple international and national forums, including the prestigious AsiaMoney, Asian Banking, Finance, DIGI, and Pakistan Banking Awards. The Bank is part of JS Group, one of Pakistan's most diversified financial services groups. For more information, please visit http://www.jsbl.com/.
Contact Information:
Muhammad Ali Khan
Marketing
[email protected]
+92-300-8988500
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Original Source: JS Bank Solves Problems as Pakistan's First Bank to Offer INSTANT Cashback on Credit Cards
CellPay Announces Partnership With MoneyGram to Expand Bill Payment Options for Consumers Across the...
Churchill Exceeds $10 Billion in Capital Deployment in 2022
Wakefield BioChar Enters the Carbon Market Under an Agreement With Puro.earth
MansionLife.com Launches Invest, an Industry-First SFR Fractional Investing Platform, to Help Scale Its Network...
MansionLife.com Announces Mansion Invest
With Mansion Invest, retail and institutional investors can tap into Mansion's valuable real estate portfolio in an accessible and scalable way.
Today, Mansion Group Inc., a Charlotte-based startup founded by investor & retired Red Ventures Chief Digital Officer John Sutton, has come out of stealth mode and announced the development and coming launch of Mansion Invest, the industry's first vertically integrated, fractional single-family home rental real estate investment platform. Invest transforms Mansion's customers into partial property owners by enabling them to own a share of the inspiring homes they can book across the Mansion network.
Mansion will leverage the Mansion Invest platform to expand its network of inspired, flexible, single-family rental homes across the U.S. Through this new platform, Mansion will more than 5x the number of rental homes available to its members by the end of 2023, positioning Mansion to enable its members to seamlessly move across its network of homes as they embark on the next step in their nomadic journeys.
With Mansion Invest, retail and institutional investors can tap into Mansion's valuable real estate portfolio in an accessible and scalable way. Luxury short-term rental homes offer attractive fundamentals, including regularly generated revenue from guest bookings and single-family homes' stability and appreciation profile. Mansion Invest shareholders will have the potential to earn dividend-yielding-passive income with 4% - 8% targeted annual dividends for most offerings, deposited every quarter, PLUS share in any home appreciation in the event of a sale and the tax benefits that come with REIT taxation for most offerings.
The launch of Mansion Invest comes at a moment when investors are increasingly looking to diversify their portfolios after continued public market losses throughout 2022. While the demand to invest in single-family homes remains high due to their stability and appreciation, the soaring interest rates have made the asset class increasingly out of reach for many investors.
"Mansion Invest provides a truly unique investment experience that allows retail investors to make real estate investment decisions in ways similar to how they shop for their own dream homes, hopefully, one that can also create tremendous value for them over time. Unlike others in the category, Mansion Invest will provide access to single-family real estate investments for all retail investors, not just high net-worth accredited investors. By creating an experience that provides them the choice of which homes to become an owner/shareholder in," said John Sutton, Founder of Mansion Group and its primary investor, "Mansion will enable the everyday investor to invest in homes and communities they believe in. We're creating something extraordinary for neighborhoods that can bring the pride of homeownership to the home rental space, something missing from most REITs. Combine this aspect with the ability for our investors to stay in the homes they invest in or allow their friends and family to book easily in the Mansion app, and you create a new class of SFR rentals that are more connected to the spirit of the community and those that live in it."
Mansion Group is working to build tomorrow's single-family rental experience for guests and investors. John Sutton & his co-founders/early investors have invested over $2MM to build the business without traditional venture capital, far less than their peers, reflecting a focus on ensuring the development of a sustainable, long-term business. Mansion has worked tirelessly over the past three years to develop the operational expertise to ensure an excellent guest experience, which leads to outstanding performance for investors in the homes on the Mansion platform. Mansion Group stands out in the fast-growing tech-enabled single-family rental space by vertically integrating and owning 100% of the homes on the platform, essential to providing uncompromising hospitality, next-generation intelligent home technology, and a consistent experience across a wide range of locations in addition to enabling Mansion to provide the platform for retail investors to become owners of the single-family rentals on Mansion.
With over 1,900+ stays managed since launching in early 2019, Mansion Group has experience in the complex single-family rental space unmatched by most tech startups; and experience that has delivered consistently great customers reviews, many of whom highlight "hospitality, quality of the design, and excellent attention to detail" as top reasons for choosing Mansion properties over alternative homes on platforms like Airbnb. Through the Mansion Life app, consumers can book a home with inspiring designs (furnished by the in-house furniture & interior design brand MansionDistrict.com), exceptional amenities, high-quality beds, hotel-grade cleaning, and 24/7 concierge services.
Mansion Group, which began as a real estate investment company and has become a leader in using AI-powered analytics to identify investment homes, owns and operates numerous properties across Charlotte, NC. The company acquired these properties after evaluating them using Mansion's proprietary AI+Human platform, "TheButler," which analyzes thousands of data points such as recent sales, Average Daily Rates of competitors, nearby hotel occupancy, walkability, historical appreciation, submitted development permits, and more to identify target investment homes. By early 2023, Mansion plans to more than double its rental investment properties by expanding into new high-demand cities in the southeast U.S.
The next generation of companies are ones where users are transformed into owners. Introducing ownership to the Mansion platform unlocks access to wealth creation for the average investor and a more significant affinity for the Mansion member experience. In tandem, Mansion opens location expansion, which results in more growth and opportunities for people to enjoy the home rental experience of the future.
Mansion Invest is currently in closed BETA as Mansion works alongside its FINRA-registered Broker Dealer Dalmore Group to register the offering with the SEC, but interested investors can join the waitlist at MansionLife.com; waitlist slots are limited. Questions can be directed to [email protected].
Contact Information:
John Sutton
CEO & Founder
[email protected]
8334683789
Kirby Smith
Head of Communications
[email protected]
8334683789
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Original Source: MansionLife.com Launches Invest, an Industry-First SFR Fractional Investing Platform, to Help Scale Its Network of Upscale, Flexible Single-Family Rental Homes Across the U.S.
