Latest news with #leasing
Associated Press
14 hours ago
- Business
- Associated Press
CP Group Announces Nearly 25,000 SF of New Leasing Activity at One and Two Ravinia in Atlanta, Ga.
ATLANTA--(BUSINESS WIRE)--Jul 22, 2025-- CP Group, a vertically-integrated commercial real estate owner-operator and developer across the Sunbelt, today announced that it has executed nearly 25,000 square feet of leasing agreements at One and Two Ravinia – two 17-story office towers totaling 800,000 square feet in the Dunwoody neighborhood of Atlanta. Situated in one of metro Atlanta's most prestigious, well-known suburban office parks, One and Two Ravinia offers a prime Central Perimeter address directly adjacent to the Perimeter Mall and steps from a wide variety of dining and retail establishments. CP Group's investment in the buildings, including the redevelopment of its on-site amenity offerings and common areas, as well as the addition of flexible, move-in-ready spec suites, has led to a wave of leasing activity, bringing five new tenants to the property. Glenn Kolker, Preston Menning, and Lauren Slappey of Stream Realty represent the landlord as the exclusive leasing agents for the buildings. 'Today's business leaders are seeking a workplace experience that prioritizes both convenience and modern amenities — and Ravinia delivers on both,' said Scott Barr, Senior Vice President at CP Group. 'In an office market where flight-to-quality continues to drive leasing decisions, the newly built spec suites, sweeping views, and seamless accessibility have positioned Ravinia as a standout choice for companies looking to elevate their workplace experience and attract top talent.' CP Group recently completed a multi-million-dollar capital improvements program across One and Two Ravinia. Enhancements spanning the two towers include lobby upgrades, renovation and expansion of the café and coffee bar, complete with outside seating, and the addition of a modern tenant lounge also with outdoor seating to provide comfortable spaces for employees to meet, host, and collaborate. CP Group also upgraded the onsite multi-room conference facility that seats up to 150 and introduced 85,000-square-feet of premium spec suites, ranging from 2,000 to 10,000 square feet, as part of its 'worCPlaces' flexible workspace offering. This program is designed to offer customized, move-in-ready suites that meet the needs of companies seeking adaptable yet scalable office environments for evolving teams. CP Group built seven spec suites on the 16 th and 17 th floors at the end of 2024, five of which have already been leased – with the remaining two currently in negotiations – all within just six months of delivery. In addition to these new renovations and upgrades, One and Two Ravinia also offer a 500-room Crowne Plaza Hotel, shuttle service to Perimeter Mall and MARTA station, a state-of-the-art fitness center, private electric vehicle charging stations, multiple outdoor workspaces, a putting green, and more. Tenants of One and Two Ravinia have consistently praised the prime location as one of the property's most compelling features, particularly the immediate highway access it affords to I-285; seamless connectivity to Ga. 400, I-75, and I-85; and proximity to Hartsfield-Jackson Atlanta International Airport. To learn more about the office buildings, visit: About CP Group Founded in 1986, CP Group is a vertically integrated commercial real estate firm and value-add investor with deep market knowledge across the Sunbelt. The firm has acquired, repositioned, and operated over 170 office and mixed-use properties, totaling more than 64 million square feet and valued at over $8 billion. The firm applies its market expertise and integrated operations to deliver experience-driven environments that support tenant retention and maximize asset value. CP Group maintains offices in Atlanta, Boca Raton, Dallas, Denver, Jacksonville, Miami, and Washington, D.C. For more information, visit View source version on CONTACT: Media Contact: Jordan Rankin, Antenna Group 646.887.2699 [email protected] KEYWORD: UNITED STATES NORTH AMERICA GEORGIA INDUSTRY KEYWORD: COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY SOURCE: CP Group Copyright Business Wire 2025. PUB: 07/22/2025 02:28 PM/DISC: 07/22/2025 02:28 PM
Yahoo
2 days ago
- Business
- Yahoo
Harry Upcott Joins Vinson & Elkins to Drive Aviation Finance Expansion in Europe
By Daniella Parra Vinson & Elkins has expanded its global aviation finance practice with the addition of Harry Upcott as a partner in its London office, it said. Upcott brings extensive experience advising on complex aviation and satellite financing, leasing, and M&A deals, and is recognized for his commercially practical approach, the law firm said. 'Vinson & Elkins has a clear focus on building a strong international platform in aviation finance,' Vinson & Elkins Partner Harry Upcott said. 'The firm's integrated capabilities across finance, capital markets and restructuring provide a market-leading platform for supporting clients in this dynamic sector.' READ MORENever Miss an Insight, Our Newsletter Contact: Exec Edge Editor@ Click to follow us on LinkedIn
Bloomberg
5 days ago
- Business
- Bloomberg
Garuda New 737 Plane's Higher Rent May Strain Finances Further
Garuda is paying twice as much to lease its latest Boeing Co. 737 Max jet than it does for the older 737 planes in its fleet, another potential blow to its finances as it tries to return to profitability. The struggling Indonesian airline is paying around $400,000 per month for the 737 Max 8 it has leased from BOC Aviation Ltd., according to people familiar with the matter. The state-owned carrier pays on average $200,000 a month for its existing older Boeing 737-800 fleet, the people said, asking not to be identified discussing details that are private.
Yahoo
5 days ago
- Business
- Yahoo
SL Green Realty Corp (SLG) Q2 2025 Earnings Call Highlights: Strong Leasing Activity and ...
Leasing Activity: Over 540,000 square feet leased in Q2, totaling 1.3 million square feet year-to-date. Pipeline: Over 1 million square feet for near-term execution, with 80% of leases under 25,000 square feet. Investment Profit: Nearly $90 million profit on a $130 million investment in the 522 mortgage position. Cash Proceeds: Over $300 million from the 522 transaction and 625 Madison Avenue interest sale. Fund Commitments: Over $500 million closed in Q2, totaling over $1 billion to date. Corporate Liquidity: Over $2 billion in liquidity and fund availability. Earnings Guidance: Raised by $0.40 per share at the midpoint. FFO Guidance Increase: $0.40 or 7.4% increase at the midpoint. Incremental FFO: $0.69 per share from 522 Fifth mortgage repayment. Interest Expense: Trending $0.10 per share above original expectations. NOI Performance: Slightly better than original expectations. Summit Attendance: Higher than projections in Q2, on target for the first six months. Discounted Debt Gains: Potential for gains larger than the $20 million currently in guidance. Warning! GuruFocus has detected 8 Warning Signs with SLG. Release Date: July 17, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points SL Green Realty Corp (NYSE:SLG) achieved over 540,000 square feet of leasing in the second quarter, bringing the year-to-date total to 1.3 million square feet. The company successfully monetized its investment in the 522 Fifth Avenue mortgage position, realizing nearly $90 million of profit on a $130 million investment. SL Green Realty Corp (NYSE:SLG) raised its earnings guidance at the midpoint by $0.40 per share, reflecting increased profitability. The company closed over $500 million of fund commitments, bringing the total to over $1 billion, enhancing corporate liquidity. SL Green Realty Corp (NYSE:SLG) is actively pursuing a casino license bid for Caesars Palace Times Square, which could significantly boost tax revenue and local business without displacing residents. Negative Points There was a slight dip in occupancy in the second quarter, which surprised the market. Interest expense is trending above original expectations by about $0.10 per share, primarily due to decisions around potential asset sales. The company's other income line item saw a $15 million quarter-over-quarter decline, attributed to less fee income. The unpredictability and lumpiness of income streams make modeling the company's financials complex. Concerns were raised about potential political changes in New York City affecting the business environment, although no immediate impact on tenant discussions was noted. Q & A Highlights Q: The market was surprised by a slight dip in occupancy in the second quarter. Can you explain the pipeline and any known move-outs that could affect your ability to hit the 93.2% leased occupancy by the end of the year? A: Marc Holliday, CEO, explained that the dip was due to an unbudgeted tenant default at 711 Third Avenue. He emphasized that the leasing volume remains strong, with a pipeline of 1 million square feet and reiterated confidence in hitting the year-end occupancy target. Q: Regarding the gain at 522 Fifth Avenue, did you expect it to be monetized so quickly, and why was the investment disclosure not found on your balance sheet? A: Marc Holliday, CEO, stated that while the rapid resolution was faster than expected, it was within the range of outcomes. Matthew Diliberto, CFO, explained that the investment was a CMBS investment, which does not receive the same disclosure as the preferred equity portfolio. Q: Have you noticed any change in tenant discussions since the primary elections, and is it impacting leasing decisions? A: Marc Holliday, CEO, confirmed that there has been no impact on tenant negotiations or leasing decisions due to the primary elections. Q: Can you provide more color on the strengthening demand in Midtown and its impact on investment opportunities and rent growth? A: Marc Holliday, CEO, noted that tenant demand is increasing, especially in areas like Third Avenue, due to the high costs in core Midtown. This demand, coupled with limited new supply, is expected to drive rent growth and investment opportunities. Q: How does the plan to freeze rent impact the underwriting for office-to-residential conversions? A: Marc Holliday, CEO, explained that the proposal primarily affects stabilized units and is not applicable to free market and affordable housing. He noted that SL Green does not have investments in the rent-stabilized sector, so the impact is negligible for the company. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Auto Express
6 days ago
- Automotive
- Auto Express
Finding the best car finance deals is far more difficult than it should be
At our recent Auto Express New Car Awards event, I bent the ear of a couple of car-brand bosses about how hard it is to compare finance deals. The huge variety of up-front payments, mileage limits and lengths of contract can really disguise how good or bad the deal is in terms of overall cost. Advertisement - Article continues below That's great for customers, because you can tailor a deal to your circumstances, be it via a big deposit and small monthly payments, or nothing in advance and higher monthlies. And that's just leasing. If you're looking at a PCP, then throw in final balloon-payment percentages as well to make it even more flexible. All of this means you can tweak a deal to your heart's content, but it makes it bloomin' hard to compare one with another when you've got a shortlist of cars. It leads to a deal with an appealing headline figure catching your eye, only to have almost instant deflation when you see the offer's small print, and you don't want to put your life savings down as a deposit. At the moment buyers have to tread very carefully: that attention-grabbing figure almost certainly isn't as good as it looks, and before you start hunting for the best deal on your shiny new wheels, you have to be very clear on how much cash you have available to put in up-front and what you're willing and/or able to pay per month, as well as your average annual mileage. Skip advert Advertisement - Article continues below So I'm starting a campaign for a standard starting point, so everyone can see, with minimal effort, exactly what one car costs against another. Maybe a lease figure over four years at 10,000 miles a year with three months of payments up-front. I know that's not going to tie in with a lot of drivers' actual usage, but it's a start. Then by all means tailor the deal to your budget and circumstances, but at least give us a level playing field to begin with. Now, I'm aware this isn't totally realistic, and the whole thing is more complicated than I'm deliberately making out, but you see my point. Making things easier for buyers should be the priority, so can we please have a neat way of at least pulling together a shortlist of cars within budget? The number of car companies – both established brands and the newer arrivals – models and powertrains already makes it an overwhelming choice for some. Add over-complicated headline finance rates and it's all just too much. The campaign for plain-English finance rates starts here! Did you know you can sell your car through Auto Express ? We'll help you get a great price and find a great deal on a new car, too . Find a car with the experts New Xiaomi YU7 2025 review: a world-beating new EV to worry the establishment New Xiaomi YU7 2025 review: a world-beating new EV to worry the establishment BMW or Mercedes would do anything to keep the new Xiaomi YU7 from sale in the UK and Europe, and this is why Electric Car Grant in detail: Which cars will get the UK EV discount? Electric Car Grant in detail: Which cars will get the UK EV discount? The government has set out its plan to help reduce the cost of affordable EVs by introducing a new £3,750 Electric Car Grant for new EVs sold under £3… Electric Mercedes CLA Shooting Brake will keep going long after rivals need to stop Electric Mercedes CLA Shooting Brake will keep going long after rivals need to stop The second of Merc's new-era EVs is here in the form of an attractive estate with a huge range
