Latest news with #NORA
Yahoo
5 days ago
- Business
- Yahoo
HILCO REAL ESTATE SALES CONTINUES PARTNERSHIP WITH NORA FOR UPCOMING NEW ORLEANS AUCTION FEATURING RESIDENTIAL & COMMUNITY DEVELOPMENT OPPORTUNITIES
NORTHBROOK, Ill., May 30, 2025 /PRNewswire/ -- Hilco Real Estate Sales is pleased to announce its continued participation with the New Orleans Redevelopment Authority (NORA) and their upcoming online auction of 100± vacant land parcels. Bidding will begin at 8:00 a.m. (CT), Tuesday, June 17, 2025, and conclude between 12:00 p.m. and 6:00 p.m. (CT) on Wednesday, June 18, 2025. This next installment features 97 vacant residential lots and 11 non-housing development opportunities, all with opening bids starting at $4,000. The addition of these non-housing sites presents a unique opportunity for individuals, neighborhood groups and local organizations to transform underutilized parcels into key community assets such as impactful spaces such as community gardens, green spaces, playgrounds, pocket parks, art installations or other public-use projects that serve local neighborhoods. These parcels are ideal for enhancing the livability and sustainability of the surrounding communities, especially when acquired by adjacent property owners for expansion or beautification purposes. "We are excited to expand this auction to include non-housing development options that can serve as catalysts for community connection," said Brenda Breaux, executive director of the New Orleans Redevelopment Authority. "With the inclusion of these parcels, we're encouraging innovative, community-driven projects that breathe new life into NOLA." Fernando Palacios, strategic consultant with Hilco Real Estate Sales, added, "This auction offers buyers an accessible entry point into property ownership while also supporting broader city revitalization. It empowers New Orleans residents to invest in their neighborhoods through creative and meaningful uses of land." The properties are being sold on an "as-is, where-is" basis. Winning bidders are required to complete rehabilitation or construction within 18 months of closing. For properties with a non-housing development option, buyers must complete a non-residential use—such as a garden, green space or similar project—in accordance with the New Orleans Comprehensive Zoning Ordinance within the same 18-month period. All buyers must keep properties code compliant from the time of closing through project completion. Prior to the auction, on-site inspections can be conducted at any time at the viewer's leisure. Closing is required within 30 calendar days after the auction and financing will not be a contingency so buyers will need to know they can close on their purchase within the required timeframe and have available pre-approval for their own personal financing. Buyers must obtain and maintain flood insurance for any structures as a condition of closing. There will be a virtual "Buyers' Seminar" on Thursday, June 5, 2025, at 5:30 p.m. (CT). For more information, including registration requirements, about this NORA auction, please contact Fernando Palacios at (504) 500-1891 or visit The terms and conditions set forth herein are for informational purposes only and shall not be deemed to be and are not intended to be a comprehensive or complete listing of the applicable terms and conditions. All potential buyers should read carefully the terms and conditions of the auction and sale set forth at The terms and conditions set forth at shall govern and shall supersede any terms and conditions set forth herein. For further information on the properties, sale process and terms, please visit or call (855) 755-2300. About Hilco Real Estate Sales Successfully positioning the real estate holdings within a company's portfolio is a material component of establishing and maintaining a strong financial foundation for long-term success. At Hilco Real Estate Sales (HRE), a Hilco Global company ( we advise and execute strategies to assist clients seeking to optimize their real estate assets, improve cash flow, maximize asset value and minimize liabilities and portfolio risk. We help clients traverse complex transactions and transitions, coordinating with internal and external networks and constituents to navigate ever-challenging market environments. The trusted, full-service HRE team has secured billions in value for hundreds of clients over 20+ years. We are deeply experienced in complex transactions including artful lease renegotiation, multi-faceted sales structures, strategic asset management and capital optimization. We understand the legal, financial, and real estate components of the process, all of which are vital to a successful outcome. HRE can help identify the most viable options and direction for a company and its real estate portfolio, delivering impressive results in every situation. View original content to download multimedia: SOURCE Hilco Real Estate, LLC Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
HILCO REAL ESTATE SALES CONTINUES PARTNERSHIP WITH NORA FOR UPCOMING NEW ORLEANS AUCTION FEATURING RESIDENTIAL & COMMUNITY DEVELOPMENT OPPORTUNITIES
NORTHBROOK, Ill., May 30, 2025 /PRNewswire/ -- Hilco Real Estate Sales is pleased to announce its continued participation with the New Orleans Redevelopment Authority (NORA) and their upcoming online auction of 100± vacant land parcels. Bidding will begin at 8:00 a.m. (CT), Tuesday, June 17, 2025, and conclude between 12:00 p.m. and 6:00 p.m. (CT) on Wednesday, June 18, 2025. This next installment features 97 vacant residential lots and 11 non-housing development opportunities, all with opening bids starting at $4,000. The addition of these non-housing sites presents a unique opportunity for individuals, neighborhood groups and local organizations to transform underutilized parcels into key community assets such as impactful spaces such as community gardens, green spaces, playgrounds, pocket parks, art installations or other public-use projects that serve local neighborhoods. These parcels are ideal for enhancing the livability and sustainability of the surrounding communities, especially when acquired by adjacent property owners for expansion or beautification purposes. "We are excited to expand this auction to include non-housing development options that can serve as catalysts for community connection," said Brenda Breaux, executive director of the New Orleans Redevelopment Authority. "With the inclusion of these parcels, we're encouraging innovative, community-driven projects that breathe new life into NOLA." Fernando Palacios, strategic consultant with Hilco Real Estate Sales, added, "This auction offers buyers an accessible entry point into property ownership while also supporting broader city revitalization. It empowers New Orleans residents to invest in their neighborhoods through creative and meaningful uses of land." The properties are being sold on an "as-is, where-is" basis. Winning bidders are required to complete rehabilitation or construction within 18 months of closing. For properties with a non-housing development option, buyers must complete a non-residential use—such as a garden, green space or similar project—in accordance with the New Orleans Comprehensive Zoning Ordinance within the same 18-month period. All buyers must keep properties code compliant from the time of closing through project completion. Prior to the auction, on-site inspections can be conducted at any time at the viewer's leisure. Closing is required within 30 calendar days after the auction and financing will not be a contingency so buyers will need to know they can close on their purchase within the required timeframe and have available pre-approval for their own personal financing. Buyers must obtain and maintain flood insurance for any structures as a condition of closing. There will be a virtual "Buyers' Seminar" on Thursday, June 5, 2025, at 5:30 p.m. (CT). For more information, including registration requirements, about this NORA auction, please contact Fernando Palacios at (504) 500-1891 or visit The terms and conditions set forth herein are for informational purposes only and shall not be deemed to be and are not intended to be a comprehensive or complete listing of the applicable terms and conditions. All potential buyers should read carefully the terms and conditions of the auction and sale set forth at The terms and conditions set forth at shall govern and shall supersede any terms and conditions set forth herein. For further information on the properties, sale process and terms, please visit or call (855) 755-2300. About Hilco Real Estate Sales Successfully positioning the real estate holdings within a company's portfolio is a material component of establishing and maintaining a strong financial foundation for long-term success. At Hilco Real Estate Sales (HRE), a Hilco Global company ( we advise and execute strategies to assist clients seeking to optimize their real estate assets, improve cash flow, maximize asset value and minimize liabilities and portfolio risk. We help clients traverse complex transactions and transitions, coordinating with internal and external networks and constituents to navigate ever-challenging market environments. The trusted, full-service HRE team has secured billions in value for hundreds of clients over 20+ years. We are deeply experienced in complex transactions including artful lease renegotiation, multi-faceted sales structures, strategic asset management and capital optimization. We understand the legal, financial, and real estate components of the process, all of which are vital to a successful outcome. HRE can help identify the most viable options and direction for a company and its real estate portfolio, delivering impressive results in every situation. View original content to download multimedia: SOURCE Hilco Real Estate, LLC
Techday NZ
23-05-2025
- Business
- Techday NZ
Ultra Violette proves tech transformation is a team sport
The cult Australian SPF-meets-skincare brand has been on a rapid growth trajectory since launching in 2019. From eCommerce-only roots to international expansion and major retail partnerships, Ultra Violette now operates across Australia, the UK, Southeast Asia, Canada and the US. Sustaining that level of growth meant rethinking the systems underneath it. In a recent NORA webinar, Ultra Violette's Head of Operations Jane Furphy and Annexa Director Matthew Owens shared the decisions that made it possible. Before the tech, the team By 2023, it was clear Ultra Violette had outgrown its original stack. With multiple instances of Xero and DEAR/Cin7 spread across regions, inventory visibility was limited, reporting was fractured and order management was increasingly manual. That would be a problem for any retailer but with a North American expansion looming, Ultra Violette couldn't afford any blind spots. Still, the transformation didn't start with selecting an ERP. It started with building the right internal capability to lead the change. "We had a fantastic finance manager - 2IC to the CFO - and we thought she would be great to lead the project... but we actually moved her from the finance team into my team so that we could make sure that she was a fully rounded finance and operational person who could help guide the team and understand both sides of that coin to be able to translate really easily between finance and operations." That move helped unify decision-making across teams and kept the implementation grounded in how the business actually worked. Cross-functional by necessity Digital transformation efforts often fall apart when teams solve for their own needs in isolation - finance chasing reporting fixes, ops focused on fulfilment and eCommerce doing its own thing. At Ultra Violette, the process forced those silos to come down. "Our e-commerce team were a big part of bringing in NetSuite and changing all of these systems," said Jane. "The rest of the business hadn't realised how big a part they would play." That shared involvement helped build momentum across the business - and the move to embed finance capability within ops further bridged the gap. The result was faster decision-making and smoother implementation across teams that were far more connected than before. The right system still matters – but it's not enough With the internal structure in place, Ultra Violette partnered with Annexa to implement, NetSuite as their ERP and Celigo as their integration platform. The project spanned four markets, four warehouses, and a new EDI setup – all delivered in under six months, just ahead of Black Friday. That speed was only possible because of the alignment behind the scenes. Jane credits the team's discipline around decision-making - particularly when it came to customisations. As she explained, the team encouraged users to spend time with the system before requesting changes. "If it really added value, we'd make the change but only where it was worthwhile." Matthew echoed the approach, noting that while restraint is important, so is confidence in tailoring systems when it makes sense. "Try not to customise wherever possible - but don't be afraid to if it creates real value. UV struck that balance well." A partner with the right fit Annexa played a central role in reducing risk throughout the project. From aligning regional operations to managing complex integrations, their team worked closely with Ultra Violette to keep the rollout on track. "We're detail people," said Jane. "We needed a partner who could work at that level of detail with us – someone we could reach quickly, who had local experience and who'd worked with businesses like ours before." That partnership proved particularly valuable during the warehouse integration phase. With four 3PLs going live across multiple regions in the lead-up to peak season, fallback plans and real-time coordination were essential. The go-live landed cleanly. A model for others scaling fast Ultra Violette's transformation offers a useful counterpoint to the platform-first approach many retailers take. Technology matters but leadership, structure, internal alignment and external partners are what determine whether it actually delivers. Want the full story? Catch the on-demand webinar to hear Jane and Matt unpack: · Building flexibility across D2C and wholesale · Structuring your teams to reduce friction
