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Cresimore Joins Presidia Asset Management as Director of Business Development, and Investor Relations

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  Andrew Cresimore GREENSBORO, N.C. – Presidia Asset Management, a full-service real estate firm offering brokerage, property management, and consulting services, has announced that industry veteran Andrew Cresimore has joined the firm as Director of Business Development, and Investor Relations. Presidia has been helping investors create wealth through commercial real estate since 2009 with a tradition of innovative solutions, attentive customer care and collaboration, and first-class quality to ensure success and maximize value for clients, owners, partners, and residents. “We welcome Andrew to Presidia Asser Management. He brings over 20 years of solid, real estate management experience in the multifamily industry with multiple asset types,” said Presidia Asset Management, LLC President Gina Hensley, RPA, CPM, CCIM. “I am energized for this opportunity at Presidia. Over the past 22 years, I have enjoyed working across many disciplines in my career,” noted Cresimore. “I beli...
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Florida Green Building Coalition and Florida Housing Coalition Partner to Catalyze Affordable Green Housing

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By Mike Bonts, Editor T ALLAHASSEE/ST. PETERSBURG, Fla. -  The Florida Green Building Coalition (FGBC) and Florida Housing Coalition (FHC) have formed a new partnership to accelerate the development of sustainable, green-certified affordable housing. The non-profit organizations announced their initiative at the Florida Housing Coalition’s 37th Annual Statewide Affordable Housing Conference held in Orlando. The initiative will support wide-spread adoption of green building practices in affordable housing rehabilitation programs and green-certified new construction. Combining expertise, FGBC and FHC will work together to develop resources and support implementation of FGBC’s green building standards to Florida’s affordable housing stock. “We are excited about this partnership. FGBC has been a supporter of FHC’s important mission. Together, we can ensure certified green affordable housing provides tangible benefits for residents, builders, developers and communities,” said FGBC Execu...
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Perigold To Open Brick-and-Mortar Storefronts, With First Confirmed Location in WPB’s CityPlace

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REAL ESTATE WIRE FEATURE BOSTON-- -Perigold, the luxury retailer serving as the destination for the world’s best home brands, is excited to announce plans for retail stores with its first-ever confirmed storefront in CityPlace, West Palm Beach’s most visited destination with curated open-air shopping, dining, art and events in the heart of downtown.  This new venture marks a significant milestone in the brand’s ambitious expansion plan to build a brick and mortar presence in key markets, and create a real-world experience for their customers to be able to discover and interact with their products in a meaningful way. “Perigold is the destination for luxury home. Prior to our launch in 2017, consumers in particular had limited access to the best in home design. No retailer was offering the breadth of categories, styles, and designer-loved brands that we have, all in one place” A Vision for the Future of Luxury Shopping Perigold is set to launch a series of retail stores in 2025, con...
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SITE Centers Provides 2024 Transaction and Financing Update

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  By Mike Bonts, Editor BEACHWOOD, Ohio - -SITE Centers Corp. (NYSE: SITC), an owner of open-air shopping centers in suburban, high household income communities,  provided an update on second quarter 2024 transaction and financing activity in connection with presentations at NAREIT’s REITweek Investor Conference. "SITE Centers has closed on the sale of two properties in the second quarter to date for an aggregate gross sale price of $50.2 million bringing total dispositions since June 30, 2023 to $1.0 billion. In addition to completed sales to date, the Company has executed contracts to sell $649.6 million of assets where the general due diligence period has expired with an additional $1.2 billion of assets with executed contracts which remain subject to the completion of buyer’s due diligence or nonbinding letters of intent.  Overall pricing levels for the completed and expected 2024 asset sales demonstrate the quality of the SITE Centers portfolio and are consistent wit...
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ShopOne and its JV Partners Expand Portfolio In Florida, Acquiring Two Value-Add Grocery-Anchored Shopping Centers

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  By Mike Bonts, Editor NEW YORK-  ShopOne Centers REIT Inc . (“ShopOne”), together with its joint venture partners Pantheon and a leading global institutional investor, today announced the acquisition of two grocery-anchored shopping centers in Florida: Midway Plaza in Miami-Fort Lauderdale and Lithia Square in Tampa.  The properties were acquired in two independent transactions, and bring the number of grocery-anchored, necessity-based shopping centers in the JV’s Florida portfolio to four. The 218,400 square-foot, 84% occupied Midway Plaza is anchored by Publix and is located in Tamarac, Broward County’s third most populous community. The center serves a densely populated trade area with an estimated 85,000 and 187,000 people residing within a two- and three-mile radius, respectively. Midway Plaza will also benefit from its proximity to multiple new residential developments, including over 1,600 units planned or under construction. The property’s anchor tenants – Publi...
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St. Johns County Disaster Preparedness and Recovery Open House is Aug. 29

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  ST. AUGUSTINE (August 19, 2024) – With Hurricane season and tropical storms in the news, the St. Johns County Voluntary Organizations Active in Disaster (VOAD) and Long-Term Recovery Organization (LTRO) are holding an Open House to learn more about what they do in time of pending disaster and recovery. The Open House is Thursday Aug. 29, 9 a.m. – Noon at United Way 117 Bridge St. in St Augustine. The event will have light refreshments and door prize raffles. VOAD/LTRO is a coalition of non-profit organizations, faith-based groups, government agencies and community partners dedicated to providing a coordinated disaster response and recovery efforts. Community members are also welcome to join. Membership provides the ability to tap into shared resources and being connected to donations and funding opportunities. This holistic approach reduces duplication of services and offers a strong mechanism to respond to disasters with cohesion and coordination. Their mission is to fo...
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The Farm at Okefenokee First to Use New Bitcoin Program

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NEW YORK – Abra, a global platform for digital asset prime services and wealth management, today announced a partnership with BitPay, the world's largest provider of Bitcoin and cryptocurrency payment services.  Via the Abra and Bitpay partnership Bitpay merchants will have access to a bitcoin-backed loan product for their customers to make purchases. Abra, via its subsidiary, Abra Capital Management LP (ACM), will support BitPay merchant customers that want to borrow against their BTC collateral to make purchases. Customers pledge bitcoin as collateral to a loan, then use the loan proceeds to fund high value purchases. Once the loan is paid off, the bitcoin is returned to the borrower’s wallet. The Farm at Okefenokee , a 705-acre regenerative farming community in Folkston, Ga., is the first merchant to use this partnership to offer bitcoiners a way to purchase cabins at the farm. The community at The Farm enjoys a modern, self-sufficient lifestyle with like-minded neighbors and b...
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