Coastal Ridge Real Estate Selects TreasuryXpress' for Comprehensive Cash and Transaction Visibility

Cision PR Newswire | March 11, 2020

TreasuryXpress, the global leader in frictionless and on-demand treasury management software today announced that leading full-service real estate investment firm, Coastal Ridge Real Estate, has selected TreasuryXpress to help achieve greater visibility and control over their cash and payment management processes. For Coastal Ridge, the ability to achieve a single point of visibility over their cash positions and transactions is key.  With an aggressive acquisition pipeline that's already seen two deals take place in 2020, it is vital that the firm automate their accounting and treasury operations in order to scale with their financial expansion and new asset acquisitions.  "With our rapid growth and expansion, we need technology that can keep pace," says Paul Colgan, Vice President of Accounting and Finance at Coastal Ridge. "Implementing the TreasuryXpress technology will allow us to view, access, and manage our cash positions in a single repository."

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REAL ESTATE INVESTMENT

SKB acquires a 24,235 rentable square foot industrial property, located in the historic Ballard neighborhood of Seattle, Washington.

SKB | December 20, 2021

ScanlanKemperBard (SKB) has announced the acquisition of 600 NW 40th Street, an industrial property situated on 0.83 acres just off Leary Way NW between the Ballard and Fremont neighborhoods. The property consists of two warehouses, with one having been recently completed in 2020. The property is currently 100% leased by a single tenant, Glass Eye Studios, who have been operating out of the property since its construction in 1978. Glass Eye Studios is one of the oldest and largest privately-owned glass blowing operations in the country and has served as the training ground for some of the most famed glass artists of the Pacific Northwest. We are thrilled to be making our second investment this month and third overall in the Inter-Bay region of Seattle. We are strong supporters of the manufacturing and community in the area. We hope to preserve that community by making these key acquisitions" SKB President, Todd Gooding, About ScanlanKemperBard SKB is an established real estate developer and operator based in Portland, Oregon. Since its inception in 1993, SKB has originated total portfolio activity of $4.78 billion, comprised of 31.2 million square feet of office, industrial and retail space and 2,154 residential units. With longstanding relationships in each of its markets, SKB has the ability to source, structure and execute value creation across a wide spectrum of real estate opportunities.

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REAL ESTATE INVESTMENT

Embrey Sells The Harper Luxury Apartments In Franklin, Tennessee

Embrey | April 22, 2022

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INVESTMENTS

Lev Lending Launches to Vertically Integrate Commercial Real Estate Financing

Lev | February 09, 2022

Lev has launched Lev Lending, the world's first end-to-end digital lending platform for commercial real estate (CRE), to transform the industry's notoriously complex lending process into a surprisingly beautiful digital experience. Lev Lending is the new direct lending arm of Lev, the CRE financing platform that originated nearly $1 billion in loans via its marketplace in 2021. Lev brings speed and transparency to CRE financing by streamlining the application process with automation and deal management tools for borrowers and brokers, along with powerful financing and closing technologies. Borrowers are automatically matched with the right lender through an intuitive interface. Lev Lending utilizes Lev's proprietary AI tech and deep industry expertise to rewire the entire CRE financing process from quote to close. The platform will initially specialize in permanent, non-recourse loans on single-tenant net lease (NNN) properties. In its soft launch period, Lev Lending closed multiple million-dollar loans on retail properties such as Dollar General and KFC in as little as 30 days–or as much as 3x faster than traditional lenders. Over the last decade, most industries have been simplified by technology. Finally, these changes are coming to CRE lending, We're building a platform that not only makes life easier for current investors to get financing, but also simplifies the experience for the lender. It's a win-win for all industry players." Yaakov Zar, founder and CEO of Lev. Lev's technology infrastructure allows the company to scale its business nationally and support all asset types. By automating manual tasks, it has changed the way originators, executors and brokers provide support to their clients. As a result of this differentiated experience, the company grew 10x in 2021–its second year in business. Our goal is to become the nexus of all CRE transactions. Today's commercial borrowers are demanding fast, digital experiences that mirror consumer processes. They want a Rocket Mortgage for their commercial properties. Whether you're a borrower using our marketplace for the best deal, or you're a natural fit for NNN via Lev Lending, we're here with a fast, beautifully-engineered lending experience." Zar. About Lev Lev is the commercial real estate financing platform offering fast, transparent access to capital from the world's leading financial institutions. Having closed $1 billion in CRE mortgages in 2021, Lev has grown 10x year-over-year thanks to its proprietary approach to CRE financing, including the industry's only API. Founded in 2019, Lev has raised $40 million from StepStone Group, First American Title, NFX, Canaan Partners, JLL Spark, Animo Ventures and Ludlow Ventures, among others.

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REAL ESTATE TECHNOLOGY

CapStone Holdings Inc. and Blaq Projects Continue Their Growing Partnership on New State-of-the-Art Real Estate Development in Australia

CapStone Holdings Inc. | March 11, 2022

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Spotlight

With more personalized storage solutions and more than 750 convenient locations nationwide, our customers can expect to get more out of self storage than they put in. Same space. Same price. More services. Now that's smart. CubeSmart has the best-trained managers in the industry who are committed to delivering top-notch, unparalleled service. We’ve elevated ourselves through our first-in-industry WOW! Department. Focused on delivering a better storage experience than our Customers could have imagined, WOW! is the next step in the evolution of customer service. Interested in working at CubeSmart? Go to careers.cubesmart.com.

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