prnewswire | September 17, 2020
BBVA USA has launched a sustainability-focused commercial real estate loan for clients across its footprint, marking a milestone in the bank's new 5-year strategic plan implemented in January 2020. The loan is designed to help small business owners with closing costs related to the purchase of commercial real estate, provided the property meets certain environmental sustainability standards. The loan is another step the bank is taking in support of the second pillar of its strategic plan - focusing on aligning business efforts with economic, social and environmental sustainability.
Invictus Capital Partners | June 02, 2020
Invictus Capital Partners, L.P., a Washington, D.C.-based alternative investment management firm, today announced the creation of a commercial real estate credit division, Invictus Commercial Real Estate Finance. It will be led by Ricardo Koenigsberger and Kenneth Witkin who have been appointed as Senior Managing Directors and Co-Presidents and charged with strategically building and managing a multi-disciplined commercial real estate credit platform.
prnewswire | October 14, 2020
Global workforce transformation solutions provider GP Strategies Corporation reported today it has entered into an amendment to the lease for its headquarters facility in Columbia, Maryland that, effective January 1, 2021, will reduce its space by approximately 22,000 square feet and reduce its rental expense for this office by approximately $750,000 per year. This amendment is part of a global reevaluation of real estate needs, which has resulted in strategic decisions on lease consolidations and office closures over the past year. These actions are expected to result in approximately $2.0M of annual savings in facility expenses for the Company in 2021 compared to 2020.