Technology

HILCO REAL ESTATE SALES SUCCESSFULLY FACILITATES BANKRUPTCY SALE OF 23,500± SF FORMER SCHOOL IN HOUSTON, TEXAS

Published

6 days ago

November 8, 2024

NORTHBROOK, Ill., Nov. 8, 2024 /PRNewswire/ — Hilco Real Estate Sales (HRE) is pleased to announce the successful sale of the former Holy Trinity Episcopal School, located in the northeast area of greater Houston, Texas at 11810 Lockwood Rd. The sale process, which was completed in an expedited timeframe, highlights HRE’s ability to overcome key challenges and generate strong interest among prospective buyers.

One of the critical challenges addressed by HRE was the need to reactivate the water and wastewater supply at the property. By proactively gathering detailed information on the costs, timeline and key contacts needed to restart these services, HRE was able to educate potential buyers, streamlining their decision-making process.

Additionally, HRE provided full transparency regarding the shared MUD (Municipal Utility District) agreement tied to the property. The company worked with legal experts to clarify the agreement and ensured all prospective buyers understood the associated responsibilities, costs and documentation. This clear approach helped ease concerns and created a smoother path to a successful sale.

HRE’s marketing strategy emphasized the versatility of the former school building, showcasing its potential for multiple uses. Buyers were drawn to the property’s possibilities, from transforming it into a community center or residential development to repurposing it for industrial or specialized facilities like medical centers or tech hubs. The building’s continued use as an educational facility also remained a strong option.

To further accelerate the sale, HRE implemented a robust marketing campaign, leveraging digital platforms, real estate websites, social media and local, regional and national advertising. HRE hosted three official on-site inspections, providing prospective buyers an opportunity to tour the property, assess competition and engage directly with HRE representatives. These touchpoints played a crucial role in increasing interest and driving competition, leading to the successful and timely sale of the property to the Sheldon Independent School District.

“This sale was a testament to the power of a targeted and transparent approach,” said Steve Madura, senior vice president of Hilco Real Estate Sales. “By addressing the property’s complexities upfront and highlighting its immense versatility, we were able to generate significant interest from a variety of users in a compressed timeframe. We’re proud to have delivered a solution that benefited both the seller and the future end users of this unique property…which are the children within this district.”

“Our extensive experience in bankruptcy sales enabled us to move swiftly and navigate the complexities of this transaction,” added Ben Zaslav, director of business development at Hilco Real Estate Sales. “By leveraging our knowledge and market insight, we created a competitive environment and secured a successful outcome for all parties involved.”

Sarah Martin, board president with Holy Trinity Episcopal School Inc., said, “I am thrilled. We love that Sheldon Independent School District is the buyer. Chris Murray, Iain Kennedy, Steve Madura and Michael Kneifel have been great to work with. I couldn’t have asked for a better team to make this happen. They’re doing good in the world!”

The sale was completed within seven days of the sale confirmation hearing, highlighting HRE’s ability to deftly maneuver around tight deadlines to provide exceptional results.

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 (HilcoGlobal.com), 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.

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SOURCE Hilco Real Estate

Technology

Gentoo Media – Mandatory notification of trade

Published

8 minutes ago

November 14, 2024

ST JULIANS, Malta, Nov. 14, 2024 /PRNewswire/ — MJ Foundation Fundacja Rodzinna, a company related to Mateusz Juroszek, Board Member and primary insider of Gentoo Media Inc. (Gentoo) has today acquired 115,604 shares in Gentoo at a price of SEK 24,996 per share. After this transaction, close associates of Mateusz Juroszek hold 24,027,766 shares in Gentoo.

This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

For further information, contact:
Tore Formo, Group CFO, tore.formo@g2m.com, +47 91668678

About Gentoo Media

Gentoo Media is a market-leading affiliate connecting operators and players in the online gambling and sports betting industry. Gentoo Media offers an array of iGaming affiliate solutions, such as paid marketing expertise and quality traffic through our prominent industry sites including AskGamblers, Time2Play, CasinoTopsOnline, WSN and Casinomeister. In 2024, Gentoo Media (formerly GiG Media) became Gentoo Media Inc. following a legal split separating the Media and Platform and Sportsbook business in Gaming Innovation Group (GiG) into two independently listed companies. Gentoo Media Inc. is dual listed on the Oslo Stock Exchange (ticker “G2MNO”) and Nasdaq Stockholm (ticker “G2M”). www.gentoomedia.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/gentoo-media-inc/r/gentoo-media—mandatory-notification-of-trade,c4066199

View original content:https://www.prnewswire.co.uk/news-releases/gentoo-media—mandatory-notification-of-trade-302305030.html

Technology

Xinhua Silk Road: World IoT expo 2024 opens in E. China’s Wuxi to showcase future of smart connectivity

Published

8 minutes ago

November 14, 2024

BEIJING, Nov. 14, 2024 /PRNewswire/ — The World Internet of Things (IoT) Exposition 2024 kicked off on Monday in Wuxi City of east China’s Jiangsu Province, attracting industry leaders, representatives of enterprises and experts from across the globe to discuss industry trends and demonstrate innovative applications.

At the expo’s opening ceremony, Wuxi unveiled a national pilot project in intelligent connected vehicles, which aims to create a cohesive mode for car owners, vehicles and cities connection, contributing Wuxi’s expertise to smart vehicle initiatives.

Additionally, a new smart sensing chip engineering center was launched, representing an investment of over 1 billion yuan and focusing on high-density large-scale substrates and other advanced chip technologies to strengthen the city’s integrated circuit development.

The event also saw the release of several major IoT research achievements, including the 2024 IoT innovation development Taihu index and the 2024 white paper on advanced sensing technology and applications.

The three-day event features exhibitions, panel discussions, and thematic sessions that showcase the latest development in IoT innovations and applications. This year’s expo is poised to drive Wuxi’s high-quality growth in IoT while promoting global tech collaboration and knowledge sharing in the IoT field.

Wuxi has become a navigator of the IoT industry in China. The latest statistics show that in 2023, the scale of the IoT industrial cluster in Wuxi surpassed 450 billion yuan, taking the lead in Jiangsu Province.

Original link: https://en.imsilkroad.com/p/343117.html

SOURCE Xinhua Silk Road

Technology

Agoda Highlights Five Urban Hikes for Adventurous Travelers

Published

8 minutes ago

November 14, 2024

SINGAPORE, Nov. 14, 2024 /PRNewswire/ — Digital travel platform Agoda introduces five urban hikes across Asia, offering travelers a chance to experience the perfect blend of city life and nature. These hikes, ranging from family-friendly to more challenging trails, provide an unmatched perspective on some of Asia’s most dynamic cities.

Whether it’s Elephant Hill in Taipei, with its stunning views of the Taipei 101, or Hong Kong’s famous Dragon Back, active travelers are in for a treat when embarking on these city hike adventures.

Andrew Smith, Senior Vice President, Supply at Agoda said: “Asia is special to have so many incredible hike routes right in the heart of these popular cities. The five highlighted hikes are just a sample of the many breathtaking city trails the continent has to offer. Adventurous travelers will want to try them all and thankfully Agoda helps make travel affordable with great value deals on over 4.5 million properties globally.”

These are the five city hikes, ranked from easiest to most challenging:

Kuala Lumpur’s Bukit Nanas Forest Reserve offers a unique experience of trekking through a tropical rainforest right in the city center. The trail is relatively easy, with well-marked paths and informative signboards about the local flora and fauna, making it a great choice for families and nature enthusiasts.

Elephant Hill in Taipei offers a short but rewarding climb. The trail is well-maintained and provides stunning views of Taipei’s skyline, including the famous Taipei 101. It’s an ideal spot for those looking to enjoy a quick escape into nature without straying far from the city.

In Singapore, the Southern Ridges trail offers a moderate hike through a series of interconnected parks and gardens. Spanning 10 kilometers, this trail provides a lush green corridor amidst the urban environment, with highlights including the Henderson Waves bridge and panoramic views of the city.

Namsan in Seoul presents a slightly more challenging hike, leading to the N Seoul Tower. The trail is popular among locals and tourists alike, offering a mix of natural beauty and cultural landmarks, with several routes to choose from depending on the desired difficulty level.

Finally, Hong Kong’s Dragon’s Back is a favorite for its breathtaking views of the coastline and the South China Sea. This moderately challenging hike is known for its undulating ridges and scenic vistas, providing a rewarding experience for those willing to tackle its ups and downs.

In each of these city hike destinations, Agoda offers great value accommodation. In addition to holiday properties, Agoda’s 130,000 flight routes and 300,000 activities ensure the platform is the one-stop travel solution to help booking an entire trip. The latest Agoda deals can be found in the Agoda app or on agoda.com/deals.

— ENDS —

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SOURCE Agoda

Technology4 days ago

CloudOne Digital Appoints Packet Cofounder and Former Equinix Executive Zach Smith to Board of Directors to Drive Growth in Bare Metal and Hybrid-Cloud Solutions