Latest news with #GreenBrick
Business Wire
04-08-2025
- Business
- Business Wire
Green Brick Partners, Inc. Announces Dual Listing on NYSE Texas
PLANO, Texas--(BUSINESS WIRE)--Green Brick Partners, Inc. (NYSE: GRBK) (the 'Company' or 'Green Brick'), the third largest homebuilder in Dallas-Fort Worth, and one of Fortune Magazine's fastest growing companies in 2024, announced the dual listing of its common stock on NYSE Texas, the newly launched fully electronic equities exchange headquartered in Dallas, Texas. The Company will maintain its primary listing on the New York Stock Exchange and trade with the same 'GRBK' ticker symbol on NYSE Texas. Jim Brickman, CEO and Co-Founder of Green Brick, said, 'We are proud to join NYSE Texas as a Founding Member, further strengthening our deep roots in the state and demonstrating our support for Texas's entrepreneurial spirit and thriving economy. As the third largest homebuilder in Dallas-Fort Worth, and with a growing footprint in Austin and Houston, we remained dedicated to developing high quality housing and communities that offer lasting value.' 'As a key homebuilder in the state of Texas, Green Brick Partners is an exciting addition to our community of NYSE Texas Founding Members,' said Chris Taylor, Chief Development Officer, NYSE Group. About Green Brick Partners, Inc. Green Brick Partners, Inc (NYSE: GRBK), the third largest homebuilder in Dallas-Fort Worth, is a diversified homebuilding and land development company that operates in Texas, Georgia, and Florida. Green Brick owns five subsidiary homebuilders in Texas (CB JENI Homes, Normandy Homes, Southgate Homes, Trophy Signature Homes, and a 90% interest in Centre Living Homes), as well as a controlling interest in a homebuilder in Atlanta, Georgia (The Providence Group) and an 80% interest in a homebuilder in Port St. Lucie, Florida (GHO Homes). Green Brick also retains interests in related financial services platforms, including Green Brick Title, Green Brick Mortgage, and Green Brick Insurance Services. The Company is engaged in all aspects of the homebuilding process, including land acquisition and development, entitlements, design, construction, marketing, and sales for its residential neighborhoods and master-planned communities. For more information about Green Brick Partners Inc.'s subsidiary homebuilders, please visit
Yahoo
12-07-2025
- Business
- Yahoo
These bricks are made from coffee and they slash energy use by 80%
Australian researchers at Swinburne University of Technology have developed strong, sustainable bricks made from used coffee grounds—offering a potential breakthrough in reducing construction's carbon footprint. On June 27, the university announced signing an IP licensing deal with Green Brick to launch these sustainable bricks. "For the last century, materials have been judged by one thing: cost per square meter, but in the next chapter, we'll judge them by carbon, transparency, and circularity. And those metrics favor a new product," said Philip Ng, Green Brick's founder. An estimated nine million tonnes of ground coffee are used globally each year. This consumption results in approximately 18 million tonnes of wet spent coffee grounds (SCGs) generated as a byproduct. The growing organic waste presents an environmental challenge. Most of that spent coffee is in landfills, creating methane – a greenhouse gas. Over 1.3 million cups in Australia alone are sold daily, leading to about 10,000 tonnes of coffee waste yearly. And it adds to the nation's carbon footprint. That's why a team led by Dr. Yat Wong from the university decided to find a way to use this discarded waste. While past efforts have seen coffee waste transformed into biochar for concrete, like a footpath in Pakenham, Victoria, and even processed into coffee oil by a UK-based Bio-bean, Dr. Wong's team has found a new purpose. The researchers used coffee waste from cafes and restaurants in this new work. The coffee waste was blended with clay and incorporated with an alkali activator to create their low-emission bricks. This specific formulation is key, enabling the bricks to be baked at 200 degrees Celsius (360°F), i.e., 80 percent less than the temperatures required for conventional brick firing. "It's lighter on energy, faster to produce, and designed to reduce electricity-related CO₂ emissions by up to 80 percent per unit," Dr. Wong said. The new method for brick production drastically reduces the environmental impact typically associated with standard, energy-intensive manufacturing that relies on fossil fuels. An earlier study pointed out that a single kilogram of brick produced using coal firing generates approximately 64.26 grams of CO2 emissions. What's more, these sustainable bricks are said to be remarkably durable, doubling "the Australian minimum standard for strength." The team says the project delivers a powerful dual benefit: it diverts massive amounts of coffee waste from landfills, reducing methane emissions and creating a low-carbon, high-performance building material. Meanwhile, the quest for sustainable brick production extends beyond coffee grounds. For example, in 2024, architecture studio Grimshaw, in partnership with the University of East London (UEL), developed "Sugarcrete." This innovative brick is made from bagasse, a byproduct of sugarcane. Bricks produce 15 to 20 percent of the carbon emissions of traditional bricks. Moreover, its carbon footprint is 20 times smaller and four to five times lighter than traditional concrete. It is exciting to see researchers worldwide develop innovative, sustainable building solutions, leveraging everything from spent coffee to sugarcane waste. What could be the next sustainable option?
Yahoo
15-05-2025
- Entertainment
- Yahoo
UK Indie Film ‘Tramp' Secures Theatrical Deal With China Film Group — Cannes Market
EXCLUSIVE: UK independent film Tramp has secured a theatrical distribution deal with China Film Group. The film is set for theatrical release in China towards the end of this year or early-2026, with production company EMC Productions adding that they are also exploring opportunities for the film to be available on Chinese streaming platforms. More from Deadline 'Narnia's Short Theatrical-To-Netflix Window Won't Cannibalize Imax B.O. Says CEO Rich Gelfond Martin Freeman & Olga Kurylenko To Star In Thriller 'Let God Sort It Out' For Newly Launched Cobalt Sky Motion Picture Group & Raised By Wolves - Cannes Market Adriatic Film & TV Awards To Launch In Montenegro In October Tramp is a sports drama that explores the worlds of mixed marital arts (MMA) and motherhood. Loosely inspired by real athletes, the film follows a British-Polish fighter whose meteoric rise is derailed by an unexpected pregnancy. Produced by London-based EMC Productions, the film stars Izabella Malewska (Cold Feet, Holby City) and Alessandro Babalola (Top Boy, The Ministry of Ungentlemanly Warfare), and is shot by Tristan Chenais (Rogue Agent, Dust to Dreams). Tramp is the debut feature from Philip James McGoldrick. Earlier this year, EMC Productions brought in Chinese producer Jiawei Li, who also runs Green Brick, an initiative that aims to foster cross-cultural collaboration between the UK and Chinese film industries, focusing on international film projects, commercials and music videos. 'We'd like to underline how unusual Tramp's position is in today's landscape' said McGoldrick. 'Some high-level sales directors were convinced we wouldn't get this far — let alone secure international distribution. When was the last time a wholly British film, with no U.S. studio backing, achieved this kind of reach? It's a rare moment, and we're incredibly proud of it.' McGoldrick added: 'We're pleased to bring our debut feature to China through our partnership with Green Brick, led by our associate producer Jiawei Li. Green Brick was founded to strengthen cultural ties between the UK and China, and we're proud to be collaborating with them. The film embodies so much of what makes British culture unique, so we're excited to share that with Chinese audiences. The release will be handled by China Film Group, the country's largest and most established distributor- giving Tramp a unique opportunity to access China's multi-billion-dollar theatrical market with the support of trusted local partners.' Li said: 'I deeply appreciate the Tramp film project and am honored to be part of it. I will be leading efforts to distribute Tramp in the Chinese market through my collaboration with China Film Group, while also exploring opportunities for the film to be available on major Chinese streaming platforms.' Marina Elderton, producer and co-founder of EMC Productions, added: 'Tramp offers an unvarnished look at life behind the spectacle of MMA — it's about the personal struggles, resilience, and reinvention that shape a fighter's journey, and in many ways, all of ours. With the film now complete, we're following a carefully curated festival strategy, targeting platforms that align with its vision and champion the kind of character-driven storytelling at its core.' Best of Deadline Where To Watch All The 'Mission: Impossible' Movies: Streamers With Multiple Films In The Franchise Everything We Know About 'My Life With The Walter Boys' Season 2 So Far 'Bridgerton' Season 4: Everything We Know So Far
Yahoo
27-04-2025
- Business
- Yahoo
Billionaire David Einhorn's Hedge Fund Crushed the Stock Market in the First Quarter of 2025. Here Are His Top 3 Holdings.
It was a volatile first quarter for the broader benchmark S&P 500 index, which dealt with questions about high valuations and concerns about tariffs, although the first quarter, ending on March 31, came right before the big tariff-induced sell-off in April. In the first quarter, the S&P 500 fell roughly 4.6%. Meanwhile, billionaire David Einhorn's hedge fund, Greenlight Capital, now known as DME Capital Management, generated an 8.2% return, according to Reuters. In a letter to shareholders viewed by Reuters, Einhorn said the fund turned bearish in February, concerned about the Trump administration's policies. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Einhorn said Greenlight turned to gold in the quarter and also put several shorts on against undisclosed consumer companies. At the end of 2024, Einhorn's fund owned 36 stocks valued at close to $1.95 billion. Here were Greenlight's three largest holdings at the end of 2024. By far the fund's largest position, Einhorn actually helped found the homebuilder Green Brick Partners (NYSE: GRBK). Einhorn partnered with the experienced real estate investor Jim Brickman during the Great Recession and formed a real estate equity fund called JBGL, which began acquiring cheap land and lending to experienced but distressed homebuilders. The housing market eventually recovered around 2013, and then JBGL went public through a reverse capitalization in 2014 and became Green Brick. Unlike many homebuilders, Green Brick owns a lot of the land it builds on. At the end of 2024, the company owned or controlled over 37,800 lots. Green Brick largely operates in attractive housing markets in states with growing populations, such as Texas, Florida, and Georgia. Performance has been quite strong in recent years. In the fourth quarter, Green Brick closed a record 1,019 units. Since 2020, earnings have grown at a compound annual growth rate of 39% and consistently generated high returns on assets and equity. The stock is up over 700% in the last five years and still trades at only 7 times forward earnings. The housing market always faces uncertainty, and pending tariffs could cause certain costs and material prices to rise, potentially impacting the business. However, given the unique attributes of the company and its skilled management team, Green Brick can certainly keep moving higher over time and reclaim the highs seen in late 2024. CONSOL Energy is a Pennsylvania-based coal producer that owns several very productive mining operations in the Northern Appalachian Basin. The company's most prominent mining operation is the Pennsylvania Mining Complex, which comprises three large underground mines that can produce roughly 28.5 million tons of coal per year. Last year, CONSOL and Arch Resources announced the two companies would conduct a merger of equals to form Core Natural Resources (NYSE: CNR), a deal that closed earlier this year. Arch also runs mines that produce coal for the steel industry. The combined entity will own 11 mines, ranging from metallurgical to high-calorific-value thermal coals. Metallurgical coal is used to make steel, while thermal coal is used to create electricity. Core Natural Resources does a good deal of business outside the U.S. In 2024, the company generated over 10% of revenue from customers in both China and India. The tariff saga between the U.S. and China has likely contributed to the stock's intense sell-off this year, as China has imposed 15% tariffs on coal imports into the country. Shares are down close to 32% this year. Given tariff concerns and the ongoing shift away from coal, the company certainly faces long-term headwinds that may keep investors away. But the Trump administration is undoubtedly not going to prioritize initiatives to combat climate change, and it's still unclear whether the world can completely abandon coal-powered energy altogether. Core Natural Resources has been consistently profitable over the last three years and trades at only 8 times forward earnings. The large annuity and life insurance company Brighthouse Financial (NASDAQ: BHF) has held up well this year, with its stock up by about 9%. Einhorn may be thinking that this is a potential acquisition target. In 2024, Brighthouse struggled to get its risk-based capital (RBC) ratio into the 400% to 450% range, which is considered the minimum most investors like to see in the industry. The RBC ratio essentially evaluates the theoretical capital needed to take on the risk of an insurer's business. Earlier this year, media reports began to surface, suggesting management was looking to sell the business, or parts of it. In mid-March, analysts at Raymond James upgraded Brighthouse to a strong buy on the merits that a sale or partial sale through creative alternatives could unlock significant shareholder value. In the meantime, Raymond James analysts thought Brighthouse should raise capital to boost cash-flow-generating capabilities, which could demonstrate some of its strength to potential buyers. Obviously, a lot of the thesis at this point hinges on some kind of acquisition. This can always be a risky strategy, but it can also generate significant gains if successful. Brighthouse is probably one of those positions you can take a smaller position in but don't need to invest too heavily in. Before you buy stock in Green Brick Partners, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Green Brick Partners wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $594,046!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $680,390!* Now, it's worth noting Stock Advisor's total average return is 872% — a market-crushing outperformance compared to 160% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of April 21, 2025 Bram Berkowitz has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Green Brick Partners. The Motley Fool has a disclosure policy. Billionaire David Einhorn's Hedge Fund Crushed the Stock Market in the First Quarter of 2025. Here Are His Top 3 Holdings. was originally published by The Motley Fool Sign in to access your portfolio
