REAL ESTATE TECHNOLOGY
businesswire | December 09, 2020
Ridge Real Estate Partners LP ("Dune"), a main New York-based land venture firm, today reported the proceeded with extension of its group.
To additional expand upon its extending presence in the western district, two experienced venture experts were included the Los Angeles office. Ridge has been effectively putting resources into the western area since 2007, and proceeding to expand on this solid speculation movement, on November 18, 2020, Dune shut on the procurement of Fairways at Lowry, an all around found 450-unit multi-family resource in metro Denver that is appropriate for repositioning.
Ridge additionally declared the recruiting of a prepared business improvement expert and two venture partners in New York.
Five New Hires Bolster Investment Team and Business Development Capabilities
Bianca Tomkoria and Garrett Criden have joined Dune in Los Angeles as Vice President and Associate, individually, of the speculation group. Driven by Aaron Greeno, the Los Angeles-based venture group is liable for sourcing and executing exchanges across the western United States.
Amar Jhaveri, CFA, CAIA, has joined Dune as Vice President – Capital Markets in New York. In this new job, Mr. Jhaveri will work intimately with Julie Brenton, Head of Investor Relations, to distinguish, create and uphold connections inside the institutional speculator network.
Patrick Farrell and Irwin Tejeda are likewise joining Dune as Associates in New York to help the group's speculation exercises.
These five fresh recruits follow a progression of advancements and increments to the senior initiative group that occurred recently. In February, Dune elevated Cia Buckley Marakovits to President and CIO and Eric Calder to Co-CIO. Aaron Greeno joined Dune in July and was designated Head of West Coast.
REAL ESTATE INVESTMENT
Living Vogue LLC | June 07, 2021
Living Vogue LLC, doing business as Living Vogue Real Estate, a Sarasota, Florida-based luxury real estate company, is delighted to announce the adoption of EthereumMax ($eMax) and Kishu Inu ($KISHU) cryptocurrencies as payment options for property sales, escrow deposits, and agent commissions. The company intends to use blockchain accounting based on the Ethereum network's capacity for smart contracts to add enhanced security and confidence to its inherently large-scale real estate financial transactions.
"We are excited to offer these other payment options to our clients and agents, as we handle hundreds of millions of dollars in transactions every year. Wire fraud and contract security are significant issues in real estate transactions. Cryptocurrency and blockchain technologies provide solutions to these problems. South Florida has a large number of eMax and Kishu coin holders, and we are pleased to offer a practical use for these currencies, "Mark Coppens, CEO of Living Vogue Real Estate, said.
EthereumMax and Kishu Inu are both yield-based tokens built on the secure Ethereum network, which means they reward holders with a 2% redistribution reward to every transaction. This growth is particularly appealing when funds are held in escrow. Cryptocurrency transactions, when handled correctly, can be executed more securely and swiftly than traditional currency methods. In addition, the company intends to provide agents the option of receiving their sales commissions in eMax or Kishu coins.
Living Vogue Real Estate has announced plans to build a showroom inside the Mall at University Town Center (UTC) in Sarasota, Florida, as part of its continued expansion in Southwest Florida. The addition allows Living Vogue to scale operations further following record growth in 2020 as the area's fastest-growing real estate company. The success is due, in large part, to the uniquely luxurious experience they provide to clients, as well as the ensuing visceral attraction of talented agents.
EthereumMax ($eMax) is a decentralized ERC-20 growth token built on the Ethereum network's security. It was created to bridge the gap between the emergence of community tokens and the well-known foundational coins of crypto by creating a unique token that provides recurring and automatic financial rewards to its holders while also providing a pathway for practical long-term use in everyday life. Kishu Inu ($KISHU) is a community-focused, decentralized cryptocurrency that offers instant rewards to holders and is built on the secure Ethereum network.
REAL ESTATE TECHNOLOGY
Coretrust Capital Partners | September 27, 2021
Coretrust Capital Partners is one of the first office building owners in the country to install bi-polar ionization generators that purify the air within all elevator cars at its large office properties in Philadelphia, Los Angeles and Pasadena. Coretrust collaborated with three leading elevator companies to pioneer the innovative technology since each of its buildings has different elevator suppliers.
The bi-polar technology produces a natural bio-climate rich in positive and negative oxygen ions, each with an electric charge like those that exist in nature. The generator sends these ions into the entire elevator cab through the ventilation system. This is a pure and natural air purifying process that effectively restores the natural balance of ions in the air and neutralizes bacteria and virus cells, molds, odor causing particles, aerosols, and VOCs, Ricci states.
Fujitec installed the IONFUL developed with the Sharp Corporation, to purify elevator cab air and decrease the risk of inhaling airborne pathogens at 2 Liberty Place in Philadelphia. Several efficacy reports over the past 15 years proved ionization effectiveness in mitigating the transmission of airborne pathogens including viruses, bacteria and fungi.
- Joseph Rennekamp, Vice President, Operations, Fujitec America, Inc
In addition, Coretrust worked with the three companies to completely overhaul and modernize all elevators at its three buildings: FourFortyFour South Flower Street in Los Angeles; 2 Liberty Place in Philadelphia; and PASARROYO office campus in Pasadena CA. The elevator companies also installed touchless destination dispatch systems in each car, allowing tenants to use personalized access cards to call cars to their respective floors without touching buttons.
The elevator bi-polar ionization program is just one of the smart technologies that Coretrust has incorporated into its buildings to create a safe and healthy workplace for its tenants. Technologies include ADIBOT UV-C Robots placed in sensitive areas at night to disinfect air and surfaces against COVID-19 and other harmful airborne pathogens. The robots -- the first to be deployed at any office building in the country -- are created and manufactured by UBTECH Robotics, a global leader in intelligent humanoid robotics and AI technologies.
A central element in achieving virtually hospital grade indoor air quality at all Coretrust properties is the patented Biowall MAX, an Ultraviolet Germicidal Irradiation Air Disinfection system by Sanuvox Technologies, Inc., a global leader in ultraviolet air purification. The Biowall MAX sterilizes 99.9 percent of airborne bio-contaminants and virtually eliminates the HVAC (Heating Ventilation Air Conditioning) system as a mode of virus transmission in buildings.
Along with the Biowall MAX, Coretrust further enhanced indoor air quality by installing the highest effective MERV air filters allowable at each building, making frequent fresh air purges and allowing maximum fresh air ventilation throughout the day.
A major Coretrust innovation was hacking the curtain wall of the FourFortyFour tower to create a 1,000-square-foot terrace that brings fresh air and sunlight into the 22,500-square-foot Workplace Innovation Lab on the sixth floor. Similar fresh air indoor terraces can be created for occupants at all our properties as desired, said Ricci.
Coretrust also has added automatic doors, touchless parking garage entry, touchless security access for visitors and touchless restroom fixtures for tenant health and safety.
Its comprehensive programs to create a safe office environment have earned Coretrust the first three global UL Verified Healthy Buildings Marks for Indoor Air and Water Quality for FourFortyFour, 2 Liberty Place and PASARROYO. The buildings also have earned U.S. Green Building Council LEED Gold Certification, GBAC STAR™ accreditation from the Global Biorisk Advisory Council, a division of ISSA, and WELL Building Health-Safety certification. These certifications by third party independent organizations recognize Coretrust's technologies and operating processes that prioritize building occupants' safety and wellness.
Coretrust believes its comprehensive commitment to health, wellness and sustainability distinguishes its properties as Smart, Safe and Beautiful and among America's Best Workplaces, Ricci concludes.
About Coretrust Capital Partners
Coretrust Capital Partners, LLC is a Los Angeles-based private real estate operating company formed in 2014 by three original partners of Thomas Properties Group, Inc. Coretrust, a Registered Investment Advisor, provides fiduciary investment management services to institutional clients in both co-investment and separate account vehicles targeting opportunistic, value-add, core plus and core strategies in the office sector. Coretrust targets acquisitions in major urban centers located in the West Coast, Southwest and the Mid-Atlantic regions.