#Fort Equity Market Revenue

[linneajospeh]

The Role Of A Financial Advisor In Business Growth

A financial advisor offering financial planning services in Fort Worth, TX plays a pivotal role in fostering business growth by providing strategic financial guidance, helping businesses manage risks, and maximizing profits. Whether it’s a small startup or an established company, financial advisors bring expertise that helps businesses navigate complex financial decisions and create sustainable growth strategies. Below are key ways financial advisors contribute to business growth.

Strategic Financial Planning

A well-structured financial plan is the backbone of any growing business. Financial advisors help businesses create and implement detailed plans that align with their long-term goals. This involves forecasting revenue, managing expenses, and determining necessary investments. By developing realistic financial projections, financial advisors ensure that businesses maintain healthy cash flow, minimize unnecessary costs, and prioritize spending on initiatives that fuel growth.

Moreover, financial advisors analyze market trends and industry-specific challenges to position the business for future success. This strategic planning helps companies identify new growth opportunities while ensuring that they remain competitive in their market.

Access to Capital and Investment Guidance

Access to capital is crucial for expansion, whether it’s launching new products, expanding operations, or entering new markets. Financial advisors assist businesses in securing funding from various sources such as loans, venture capital, or private equity. They analyze the company’s financial situation to determine the best funding options with the most favorable terms. With a financial advisor’s guidance, businesses can avoid costly financing mistakes that could hinder their growth.

Additionally, financial advisors provide investment guidance, helping businesses allocate resources efficiently. They recommend investment opportunities that align with the company’s risk tolerance and growth objectives, ensuring that capital is used effectively to generate the highest possible returns.

Risk Management and Mitigation

Every business faces financial risks, from market fluctuations and regulatory changes to operational challenges. A financial advisor helps companies identify potential risks and create risk management strategies to minimize their impact. For example, they may advise on creating emergency funds, securing appropriate insurance coverage, or diversifying investments to protect the business during economic downturns.

Through risk mitigation, financial advisors ensure that businesses remain resilient in the face of uncertainty and can recover quickly from unexpected financial setbacks. This focus on risk management contributes to long-term stability, which is essential for sustained growth.

Tax Optimization Strategies

Taxes can significantly impact a business’s bottom line, especially if not managed efficiently. Financial advisors specialize in tax planning and can recommend strategies to minimize tax liabilities. This could involve identifying eligible deductions, taking advantage of tax credits, or restructuring business operations to benefit from more favorable tax regulations.

By optimizing the company’s tax strategy, financial advisors can free up more capital for reinvestment into growth initiatives. Proper tax planning not only saves money but also ensures compliance with relevant tax laws, reducing the risk of costly penalties.

Performance Monitoring and Analysis

Tracking the financial health of a business is crucial to ensuring growth. Financial advisors monitor key performance indicators (KPIs) and analyze financial data to provide insights into the company’s performance. They identify trends in revenue, profit margins, and operational efficiency, helping business owners make informed decisions based on real-time financial data.

This ongoing monitoring allows companies to make adjustments in their growth strategies as needed. Whether the business needs to cut costs, reallocate resources, or explore new opportunities, financial advisors provide the financial clarity needed to steer the company toward its growth goals.

Succession Planning and Exit Strategies

As businesses grow, it becomes increasingly important to plan for the future, especially regarding ownership transition. Financial advisors assist business owners in developing succession plans, ensuring a smooth transition of leadership when the time comes. Whether the plan involves passing the business to family members, selling it to key employees, or finding external buyers, financial advisors help structure the process to maximize value.

For businesses considering mergers, acquisitions, or sales, financial advisors also help develop exit strategies that align with long-term goals. They ensure that the business is financially prepared for any transitions, protecting the company’s value and securing its legacy.

Conclusion

In conclusion, a financial advisor plays an integral role in fostering business growth by providing strategic financial planning, securing funding, managing risks, optimizing taxes, monitoring performance, and guiding succession planning. Their expertise enables business owners to focus on operational excellence while knowing their financial future is in capable hands. By working with a financial advisor, businesses can accelerate growth, remain competitive, and achieve long-term financial success.

[denialbrian]

Pros and Cons of Buying a Condominium in the Cayman Islands

Every family or individual has a unique wishlist for finding their next home. The ideal property should align with the buyer’s lifestyle, taste, and work or family requirements. There are many properties available, so knowing all your Cayman Islands real estate options makes it easier to choose the right one.

One option is a condominium or condo. If you want a home with low maintenance and a strong sense of community, a condo might be perfect for you.

To help you understand what owning condos in the Cayman Islands is like, we’ve listed some pros and cons.

Why Condos Are the Best Option to Invest in Cayman

The Cayman Islands are an excellent destination for investors and future homeowners, with numerous land, house, and condo options. Condominiums are a wise and economical choice.

They are typically less expensive than single-family homes and offer maintenance services for shared areas and exteriors. Many condos provide attractive amenities such as pools, gyms, and social rooms and additional security features such as gated entrances and cameras.

Condos in desirable locations can also generate consistent rental revenue, and common areas and events serve to foster community. To make an informed purchase decision, research and consult a reputable Cayman real estate company.

Benefits of Buying a Condominium in Cayman Islands 

1. No More Maintenance Worries

Owning a condo means enjoying the perks of homeownership without stressing over chores like yard work or fixing up the exterior. Your condo association handles all that for a fee.

2. Enjoy Luxury Amenities

Condo living often comes with access to shared facilities like gyms and pools, giving you access to amenities you might not afford on your own in a traditional house.

3. Affordable Option

Condos typically cost less than standalone homes, making them a more accessible choice for many buyers. 

4. Ready to Move In

Some condos come fully furnished, saving you the hassle of buying and moving furniture. Plus, if interior design isn't your forte, that's no problem.

5. Community Feel

Living in a condo means becoming part of a larger community where you can make connections with neighbors and feel a sense of belonging. Remember that not all communities are alike, so do your homework.

6. Safety First

Condo complexes often offer security features like guards and call boxes, providing peace of mind for residents. Being part of a community can make leaving home for extended periods feel safer.

7. Personalize Your Space

When you own a condo, you're free to make changes to suit your taste, whether that's painting walls or making other improvements without needing permission.

8. Close to the Action

Many condos are in vibrant neighborhoods with plenty of dining and entertainment options. You might even be able to ditch the car and walk to work, saving on transportation costs.

9. Managed Living

Condo associations ensure everyone follows the rules and maintains the community's standards. They also organize events to foster a sense of community and ensure residents' happiness.

10. Build Your Wealth

Buying a condo allows you to build equity, increasing your financial stake in the property over time and potentially providing a profit if you decide to sell in the future.

Drawbacks of Investing in Condos

1. Monthly fees: Monthly fees: Condo living offers numerous benefits, but there are monthly fees for property maintenance, security, and recreational facilities. These fees and mortgage and other obligations can accumulate over time, so budgeting is essential for minimizing financial stress.

2. Community Regulations: Living in a condo necessitates adhering to community standards, such as pet policies and event hosting guidelines. Understanding these constraints ensures that they are appropriate for your living situation.

3. Resale Challenges: Selling condominiums might be difficult due to a narrower buyer market and potential concerns about association fees and rules. This might increase buyers' financial risk and make reselling more difficult.

4. Privacy Concerns: Condo living may lack the privacy of single-family homes, with shared walls and proximity to neighbors potentially leading to noise disturbances. Consider your tolerance for communal living before making a decision.

5. Delinquency Impact: To run properly, condo communities rely on residents paying association dues on time. Delinquent payments burden other residents, compromising community maintenance and services. 

6. Limited Land Ownership: Since land ownership is shared by community members, owning a condo only entitles one to the property above ground. This lessens the need for outside upkeep and gives less control over how the land is used.

7. Storage Constraints: Condos typically offer limited storage space, necessitating careful consideration of personal possessions and large items. Additional storage units may be available but may not accommodate significant belongings.

Final Words

If you're considering a condo as your next home, consider whether it fits your lifestyle and whether you're ready for financial responsibility. After reviewing these advantages and disadvantages of buying condos for sale in Cayman Islands, we hope you'll have a clear idea of what's right for you and get closer to finding your dream home, whether it's a condo or something else.

[twoflipstwotwists]

Madison Kocian would've loved to keep a family in-state college tradition, but she'd long known it likely wouldn't be possible.

The 2016 U.S. Olympic gymnast and Dallas native had several relatives on her dad's side attend the University of Texas. Many on her mom's went to Texas A&M.

Kocian is now in her junior gymnastics season at UCLA.

Her experience in Los Angeles includes a 2018 team national championship and five event All-America honors. Kocian wouldn't change her decision to compete for the illustrious gymnastics program.

But she's wondered what would've happened if she had the option to compete college gymnastics in her home state.

Despite Texas being a hotbed for gymnastics talent at the club and Olympic levels, none of the state's 21 Division I universities offer the sport.

As the NCAA gymnastics season culminates with the national semifinals and championship April 19-20 in Fort Worth, all eight teams competing have at least one gymnast who trained in Texas on their rosters.

Coaches, gymnasts and advocates for the sport's national growth said a few Texas universities have explored, at varying levels, the option to add gymnastics but by not yet doing so are missing opportunities to quickly contend for titles.

"So many gymnasts would want to stay in Texas," Kocian said. "If [universities] could fund a program and get some good coaching staff, I think they would have a good opportunity to win a national championship pretty early on."

Of gymnasts competing in the semifinals Friday -- with the top two teams from the two four-squad meets advancing to the final Saturday -- 18 trained in Texas, including 12 in the Dallas area.

Defending national champion UCLA features three: Macy Toronjo at Texas Dreams Gymnastics in Coppell and Kocian and Katelyn Ohashi, whose floor routine went viral online this season, at World Olympic Gymnastics Academy in Plano.

Oklahoma, which has four Texas gymnasts on its roster and has won two of the last three national titles, is also a top contender. Coach K.J. Kindler and her staff emphasize recruiting in Texas, marketing proximity to home.

"If any Division I institutions in Texas were to implement gymnastics," Kindler said, "they would have the opportunity to win a national championship within five years."

Haley Poinsette, a 2017 University of Houston graduate, had similar thoughts to Kocian when she formed the school's club gymnastics team in 2015. After missing opportunities for scholarships because of injuries while training in high school, Poinsette acted on her desire to compete locally.

In the last three years, she's lobbied Houston's administration to boost the club to varsity and worked with the College Gymnastics Growth Initiative, which aims to educate and fund college athletic departments' additions of gymnastics.

Houston made the most progress among recent colleges exploring gymnastics, said Randy Lane, CGGI chair and UCLA assistant coach.

The CGGI's committee met with Houston officials for a presentation in June 2017, offering insight to training facilities, budgeting and even showcasing a mock leotard design.

In his pitches, Lane acknowledges gymnastics is expensive. The equipment and facilities aren't compatible with other sports. Men's and women's basketball and volleyball, for example, can all share a court.

NCAA gymnastics is also a 12-scholarship, head-count sport while not generating revenue like football or basketball. With just 62 Division I colleges in the country offering the sport, a full season's schedule often requires air travel and extensive planning.

The CGGI offers suggestions, such as renting time at a local club facility if a school doesn't already have one on campus, and is creating an endowment fund to provide start-up contributions for interested universities.

Lane said he's also talked with an official at Texas A&M, which has a gymnastics practice facility for its university club team on campus, and a friend gauged Texas' interest.

Neither Houston, Texas A&M or Texas made their athletic directors available for comment. Texas A&M said in a statement it's in full compliance with Title IX sports sponsorship and gender equity. A spokesman at Texas said he wasn't aware of any discussions to add another sport, and a spokesman at Houston declined comment.

Lane said the CGGI hasn't made recent progress in communication.

"You can ask every Texas athlete out there that's going to another school right now: Would they have stayed home in Texas? And I think 90 percent of them would've said yes," Lane said. "Once you have one school to add [gymnastics] in Texas that's Division I, it's going to be such a fight for those kids that want to stay."

While the CGGI focuses its efforts throughout the country, pushes in Texas reflect the state's rich gymnastics history.

In the last four Olympic cycles, four women's gymnastics team members lived or trained in Texas. Three of the last four Olympic all-around champions -- Simone Biles (2016), Nastia Liukin (2008) and Carly Patterson (2004) -- are from Texas.

Two of the country's top private club programs -- WOGA and Texas Dreams -- are in the Dallas area. Unlike other sports, where participating on high school teams is the best avenue to earning a college scholarship, gymnastics is club-based because high schools don't often offer the sport and many standout gymnasts home school.

Lisa Bowerman, head gymnastics coach at Division II Texas Woman's University in Denton, the state's only college gymnastics program, said she's had gymnasts join her team instead of accepting out-of-state Division I spots to remain close to home.

Texas Woman's has won two of the last three USA Gymnastics Collegiate National Championships, which are held separate from the NCAA for Division I, II and III college gymnastics programs with less than 7.5 full scholarships.

"Having an option in-state for those full-ride opportunities and again, just more opportunity available for girls to stay right here in Texas," Bowerman said, "I would 1,000 percent be all for that."

Lane last summer rallied several prominent Olympians, including Texas Dreams owner and former world champion Kim Zmeskal, Houston graduate Shannon Miller and Dallas-native Liukin, to participate in a social media push aimed at Houston adding the sport.

Poinsette used a mutual friend to help encourage a tweet deeming Biles' potential interest in coaching at Houston.

Many hope that enthusiasm for expansion shines this week at the first of four consecutive finals in Fort Worth.

The CGGI has planned a "Flippin 5K" and pre-championship festival Saturday to promote their initiative and fundraise.

Kocian said her family, many of those Texas-university alumni, will have an easy commute for in-person support.

She also expects a strong contingent of coaches and gymnasts from WOGA, along with other club programs throughout the state, to attend because for a couple of days, college gymnastics will be in Texas.

All eight teams competing in the NCAA women's gymnastics semifinals have at least one gymnast who lived or trained in Texas.

Gymnasts who trained in the Dallas area competing in the semifinals:

[cliftonsteen]

Coffee News Recap, 13 Aug: Arabica prices projected to rise 13% by end of 2021, BOP 2021 announces winners & other stories

Every Friday, Perfect Daily Grind rounds up the top coffee industry news of the week. Here are this week’s stories.

Mon, 9 Aug – illycaffè announces Farm-to-Table Scholarship with The Culinary Institute of America. The programme will support those taking food business management and applied food studies degrees. Two to four scholarships will be given to eligible students.

Mon, 9 Aug – Royal Coffee to host hybrid palate development class in September. On 23 September, Royal Coffee will hold a combined virtual and in-person tasting event on spices and floral notes. Remote attendees can order tasting kits, while fully vaccinated attendees can purchase limited in-person tickets. Registration closes on 7 September.

Mon, 9 Aug – Chobani’s I Dream of Creamer campaign announces winning flavour. “Sizzlin’ Brown Sugar” received the highest number of votes. The new coffee creamer will be available in US stores nationwide.

Mon, 9 Aug – Arabica prices expected to increase by 13% by end of 2021 due to Brazil frost. Reuters predicts ICE arabica prices will reach US 198.50 cents/lb by the end of the year. Brazil’s 2022/23 harvest is anticipated to decrease by around 5 million bags due to extreme weather.

Mon, 9 Aug – Best of Panama 2021 competition announces winners. The Nuguo fermented coffee from Café Gallardo placed first in the natural Geisha category, achieving 94.75 points. The highest scoring coffee in the washed Geisha category was from Itza Priscila Sittón Vega de Amar, receiving 93.50 points. The BoP auction will be held on 22 September.

Mon, 9 Aug – Nestlé and JDE partner for recycling collection service with Oxford City Council. As part of Nestlé and JDE’s Podback service, Oxford residents can recycle plastic and aluminium capsules using designated curbside collection bags. Once collected, recycling services will separate the coffee grounds from the packaging.

Mon, 9 Aug – Fellow releases Shimmy Coffee Sieve. The sieve includes metal filters under 200 microns to remove microfines. The Shimmy Coffee Sieve’s design was inspired by cocktail shakers.

Mon, 9 Aug – Intergovernmental Panel on Climate Change (IPCC) report claims average global temperatures will increase by 1.5°C within 20 years. The report states human activity is “unequivocally to blame” for climate change, and that rapid and immediate action to reduce carbon emissions is necessary to prevent further temperature increases. Less developed regions, such as coffee-growing countries, are expected to be more heavily impacted by climate change. The UN Climate Change Conference (COP26) will be held in November.

Mon, 9 Aug – New tree species named after Puro Fairtrade coffee. Puro tree (Sciadophyllum Purocafeanum) was discovered in Ecuador in 2019. It is now the third tree species named after Puro Fairtrade coffee, following the Puro frog and Puro orchid. Puro Fairtrade coffee focuses on sourcing beans from environmentally sustainable initiatives.

Mon, 9 Aug – Clever Bean Coffee Company launches Kickstarter for Clever Cold Brewer. The brewing device includes a finer filter and a larger brewing chamber. The Utah company also offers a subscription service of pre-ground coffee sachets.

Tues, 10 Aug – Tiny Capital announces AeroPress investment. The Canadian holding company will support AeroPress’ product development. Alan Adler, the founder of AeroPress, will retain ownership of the company.

Tue, 10 Aug – Swiss Water releases 2021 second quarter financial results. Revenue increased by 9% to US $28.8 million compared to the same period last year. Sales volumes of Swiss Water’s decaffeinated coffee rose by 74% in Europe, compared to the first half of 2020.

Tue, 10 Aug – SOHO Coffee Co. develops online coffee product range. The UK company now sells three new single origin coffees and brewing products via its online shop. The coffee and food-to-go chain also offers a subscription service.

Tue, 10 Aug – Cauldryn launches Cauldryn Coffee Pro insulated flask. The thermal flask can be set to a customisable temperature range using an app. The 10-hour battery can also boil water.

Tue, 10 Aug – Sigep event to return in-person in January 2022. The B2B Italian coffee and dessert event will be held from 22 to 26 January in Rimini. The event will include a three-day “Digital Agenda” for one-to-one networking.

Tue, 10 Aug – Sucafina reports pallet costs have increased by over 100% since January 2021. Increases in wood prices in Antwerp have led to rising prices for coffee pallets. Sucafina also states similar price increases may occur in Dubai.

Tue, 10 Aug – London chain AMT Coffee plans rebrand under Change Please. AMT operates 50 outlets in service stations and hospitals throughout the UK. The company’s new partnership with social enterprise Change Please aims to double the number of locations by 2024.

Tue, 10 Aug – Gong cha to open Covent Garden location. The Taiwan bubble tea company operates over 1,500 stores in 21 countries. The new London location will include 40 different options for customising drinks.

Wed, 11 Aug – COE El Salvador 2021 auction results announced. Buyers included those from the US, Japan, China, Thailand, and Saudi Arabia. The highest scoring coffee (a semi-washed Pacamara) was purchased for US $70/lb by Big Face Coffee – led by NBA player Jimmy Butler.

Wed, 11 Aug – Euromonitor International report finds sales of soy milk are declining. The growth of almond, oat, coconut, and pea milks have led to a drop in soy milk sales. Euromonitor also predicts lab-grown dairy milk may become more popular in the next five years.

Wed, 11 Aug – Cecafé announces Brazil’s July 2021 exports decreased by almost 13%. Shipments fell to over 2.8 million bags, which is a 12.8% decrease on the July 2020 figures. Cecafé says that increasing freight prices and a lack of container space are to blame.

Wed, 11 Aug – Dunkin’ releases new autumn menu items. The Pumpkin Cream Cold Brew and Pumpkin Spice Signature Latte will be available on 18 August. The brand is also launching a “100% Guatemalan Coffee” as part of its single-origin Limited Batch Series.

Wed, 11 Aug – Caravela Coffee achieves carbon neutral operations. The company has become the world’s first green coffee trader to achieve the Carbon Neutral Silver Standard certification. The certification was granted by One Carbon World, a partner of the UN’s Climate Neutral Now initiative. By 2025, the company aims to certify every kilogram of coffee produced as carbon neutral.

Wed, 11 Aug – Cropster Hub rebrands as “V-Hub” after Vollers Group purchase. The commodity logistics group purchased Cropster to develop its functionalities and enhance logistics and delivery services.

Thu, 12 Aug – REBBL launches “STACKED COFFEE” RTD line. The oat milk coffee product range comes in Café Mocha, Vanilla Latte, Hazelnut Latte, and Straight Black flavours. The RTD products also include reishi and lion’s mane mushroom extracts.

Thu, 12 Aug – Brazilian government to provide R$1.2 billion (US $225 million) emergency credit line. Smallholder farmers will be able to access funds using agricultural insurance. Procafé will conduct a survey to assess the level of support required. Earlier estimates report 21.2% of 800,000 hectares of arabica may have been damaged.

Thu, 12 Aug – Tony’s Coffee releases single-use Coffee Brew Bags. The nitrogen-flushed coffee bags have a steep time of 4 to 6 minutes. The packaging is also compostable.

Thu, 12 Aug – Café Grumpy launches US subscription service. The Brooklyn roaster will now provide weekly, fortnightly, or monthly coffee and cold brew subscriptions – with nationwide delivery.

Thu, 12 Aug – ICO report finds July 2021 coffee prices hit highest levels since November 2014 after Brazil frost. Between 20 and 26 July, daily arabica prices increased by 25.4%, from US 165.65 cents/lb to US 207.8 cents/lb. The average price for Brazilian naturals increased by 8.4% to US 160.62 cents/lb – the highest monthly average since January 2015.

Fri, 13 Aug – Oatly to open third US production facility in 2023. The proposed 280,000 sq ft facility in Fort Worth, Texas will produce around 150 million litres of oat milk. The company plans to open nine global factories by 2023.

Fri, 13 Aug – Genuine Origin and Coffee Coalition for Racial Equity to host booth at Specialty Expo. Green coffee traders Genuine Origin will sponsor the booth, while the non-profit CCRE will select six black-owned businesses to exhibit at the expo’s Roaster Village.

Fri, 13 Aug – Bellwether Coffee releases 2020 sustainability report. The roasting solutions company states revenue grew over 100% as installations of its roasters doubled compared to 2019. Bellwether was able to reduce CO2 emissions by 896,096 lbs (406,462 kg) throughout the year, and sustainably sourced over 390,000 lbs (176,901 kg) of coffee.

Here are a few news stories from previous weeks that you might find interesting. Take a look.

Wed, 4 Aug – Starbucks Korea partners with MINI Korea for new campaign. New beverages include Zest Green Blended, Ruby Red Chilling Ice Tea, and Rooftop Grey Latte. The partnership will include MINI+Starbucks brewing cars – serving coffee and other beverages from the Starbucks Korea menu.

Thu, 5 Aug – JDE Peet’s publishes 2021 first half financial results. Sales increased by 4.2% compared to the same period in 2020, fuelled by the at-home market. Peet’s also launched its first range of flavoured K-Cup capsules, including Caramel Brûlée, Vanilla Cinnamon, and Hazelnut Mocha.

Thu, 5 Aug – Panera Bread, Caribou Coffee, and Einstein Bros Bagels form Panera Brands. CEO of Panera Bread, Niren Chaudhary, has been appointed as the Group CEO of Panera Brands. The three companies combined operate some 4,000 locations across 10 countries.

Thu, 5 Aug – Café Santo Domingo expands distribution in US. Dominican company Industrias Banilejas and US company Goya Foods signed an agreement for the distribution of Café Santo Domingo products in the northeastern US. Café Santo Domingo is considered to be one of the Dominican Republic’s largest coffee distributors.

Fri, 6 Aug – Ecommerce brand Meritage Coffee debuts on US market. The organic coffee company is selling four blends: Founder’s Reserve, New York Blend, Breakfast Blend, and Espresso Roast. Meritage also offers a subscription service.

Fri, 6 Aug – TORR Industries launches three new cold brew systems. The Brew50, TwinBrew, and Quadbrew are designed to accommodate small, medium, and large-sized coffee businesses, respectively. TORR claims the machines can extract batches of cold brew in under 2 hours.

Fri, 6 Aug – Coffee startup Morning closes series A funding round. The Singapore capsule machine company received US $1.27 million in its funding round from technology firm Razer. Investments will be used to fulfil back orders and international market expansion.

Fri, 6 Aug – Global coffee creamer market to increase by US $2.51 billion by 2025. Demand for plant-based creamers is expected to be significant. The North American market will contribute to 32% of market growth during the period.

Fri, 6 Aug – Fairtrade Fortnight begins to promote Fairtrade products. The annual campaign runs from 6 to 19 August, and encourages retailers to raise consumer awareness of the Fairtrade brand. Gender equity, environmentally sustainable practices, and ending child slavery are focuses of the campaign, including in coffee supply chains.

Fri, 6 Aug – Farmer Brothers appoints Waheed Zaman to its board of directors. Zaman has previously served as Senior Vice President and Chief Corporate Strategy & Administrative Officer at the Hershey Company. He will now serve on Farmer Brothers board’s audit committee.

Sun, 8 Aug – Starbucks launches two new Pumpkin Spice retail products. The Pumpkin Spice Non-Dairy Creamer is made with almond milk, oat milk, coconut oil, and pea protein. The Pumpkin Spice Cold Brew Concentrate includes arabica coffee with pumpkin, cinnamon, and nutmeg flavours. Both products will be available in US supermarkets.

Sign up to our weekly coffee news recap to get a summary of all the biggest stories in the sector, delivered straight to your inbox every Monday.

Want to keep up with current affairs in the coffee industry? Check out last week’s stories.

Photo credits: Fernando Pocasangre

The post Coffee News Recap, 13 Aug: Arabica prices projected to rise 13% by end of 2021, BOP 2021 announces winners & other stories appeared first on Perfect Daily Grind.

Coffee News Recap, 13 Aug: Arabica prices projected to rise 13% by end of 2021, BOP 2021 announces winners & other stories published first on https://espressoexpertweb.weebly.com/

[shruticmi-universe]

LOW DENSITY POLY ETHYLENE (LDPE) MARKET         ANALYSIS

Low Density Poly Ethylene LDPE Market, By Technology (Autoclave, Tubular), By Application (Film & Sheets, Extrusion Coating, Injection Moulding, Others), and By Region (North America, Latin America, Europe, Asia-pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 – 2027

Low-density poly ethylene is a type of thermoplastic polymer of ethylene which is produced by using a free radical polymerization the process at high pressure. They have low tensile strength but high flexibility and offer superior resistance property to chemical and electricity which makes it ideal to use across automotive, packaging, construction, and insulation coax application. It is also used in the food industry for the packaging of food products such as snacks, dairy, sweets, and baked &frozen food products.

The global low-density poly ethylene (LDPE) is projected to surpass US$ 60.0 billion by the end of 2027, in terms of revenue, growing at CAGR of 5.6% during the forecast period (2020 to 2027).

Drivers

Growth in the retail industry is expected to raise demand for LDPE across the packaging of consumer goods that are sold in retail outlets is predominantly propelling the market growth of LDPE. According to the India Brand Equity Foundation, the Indian retail industry reached to US$ 950 billion in 2018 at CAGR of 13% and expected to reach US$ 1.1 trillion by 2020. Hence, growth in the retail the industry is projected to fuel the market growth of the LDPE.

The rise in construction activities is expected to foster the market growth of low-density polyethylene. General containers, trays, pipes, various bathroom and kitchen products are produced by using LDPE. According to Building Design & Construction, the global construction output is forecast to rise to US$ 12.9 trillion by 2022, up from US$ 10.8 trillion in 2017. Thus, growth in the construction is expected to augment market growth LDPE.

Regionally, Asia-pacific dominated the global green packaging market in 2019, reporting 36% market share in terms of revenue, followed by Europe and North America, respectively.

Figure 1. Global Low-Density Poly Ethylene Market, Revenue Share (%), in Terms of Value, By Region, 2019

Market Restraints

Rising use of linear low-density polyethylene (LLDPE) in place of LDPE or blend with it is expected to hinder the market growth of low density polyethylene. The use of LLDPE save material improves the performance of the product and is also environmentally friendly. Moreover, it also improves clarity and processing properties thus is likely to pose a threat to the LDPE market.

Strict regulation regarding the environmental impact of LDPE as they are not biodegradable encourage the user to opt for bio-degradable products such as paper bags and other recycled materials. Thus, strict environmental regulations are expected to hamper the market growth of the LDPE.

Market Opportunities

Development of bio-based polyethylene from sugarcane is expected to offer immense growth opportunity to the market of LDPE over the forecast period.

The rising demand for building energy infrastructure across developed countries is expected to foster the market growth of LDPE. LDPE is widely used in the insulation product in the construction industry.

Figure 2. Global Low-Density Poly Ethylene Market - Opportunity Analysis

 Market Trends

Shifting preferences of consumers towards lightweight packaging solution is expected to be a major trend in the market. Moreover, the growing demand for flexible packaging is also projected to foster the market growth of the low-density polyethylene over the forecast period.

The rising trend of increasing production capacity of polyethylene to cater to growing demand across the globe is expected to augment the market growth of LDPE. For instance, in November 2020, Dow plans to install a new furnace in its steam cracker at Fort Saskatchewan, Alberta, Canada, to increase its ethylene capacity, currently 1.42 million metric tons/year by 130,000 metric tons/year.

  Figure 3. Global Low-Density Poly Ethylene Market, Revenue Share (%), By Application, In 2019

On the basis of application, films & sheet dominated the global low-density poly ethylene (LDPE) in 2019 with around 27% of market share in terms of revenue, followed by others and extrusion coating, respectively.

Competitive Section

Key players are operating in the global low-density poly ethylene (LDPE) market are LyondellBasell Industries N.V, ExxonMobil Corporation, The Dow Chemical Company, Saudi Basic Industries Corporation, BASF-YPC Company Limited, Qatar Petrochemical Company Q.S.C, LG Chem Ltd., E.I. du Pont de Nemours and Company, Braskem S.A., and Formosa Plastics Corporation

Few Recent Developments

ExxonMobil Corporation

In July 2018,     ExxonMobil announced the startup of a new 650,000 mt/year polyethylene     plant at its Beaumont, Texas, refining, and chemical complex, the latest     in more than 13 million tons/year of new US PE capacity online, under     construction or planned through 2028.

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Source: https://www.coherentmarketinsights.com/market-insight/low-density-poly-ethylene-ldpe-market-3844

[csrgood]

OppenheimerFunds Supports Chicago Community During Distribution Symposium

OppenheimerFunds, a leading global asset manager, supported the local community in Chicago this week during the firm’s Distribution Symposium, a semi-annual conference for more than 250 members of the firm’s Distribution team. In partnership with Cradles to Crayons and Boys & Girls Clubs of Chicago, employees assembled care packages for children served by both organizations. OppenheimerFunds also provided each nonprofit with a $10,000 grant.

“Twice a year, our distribution team gets together to train, share successes and gain new insights that ultimately help us better serve our clients,” said John McDonough, Head of Distribution and Marketing at OppenheimerFunds. “Our employees also look forward to giving back to the communities that host our conferences and are proud to volunteer with great local organizations such as Cradles to Crayons and Boys & Girls Clubs of Chicago.”

Employees assembled and donated:

400 clothing packages that will help provide infants with a week’s worth of outfits.

3,000 hat and glove packages to help keep 10-12 year children warm during the winter months.

800 school backpacks filled with school supplies.

Cradles to Crayons launched in 2002 and has operations in Boston, Philadelphia and Chicago. The nonprofit provides children from birth through age 12 living in homeless or low-income situations with the essential items they need to thrive at home, at school and at play.

“We are pleased to partner with OppenheimerFunds to help provide children with much needed clothing,” said Bernard Cherkasov, Executive Director, Cradles to Crayons. “The hats, gloves and infant clothes will be extremely welcomed by the children and families that benefit from our programs."

Since 1902, the Boys & Girls Clubs of Chicago have provided the city's children with a safe, positive and supportive place where they can take advantage of after-school programs, activities and services designed to prepare them for the future and achieve their fullest potential.

“Every day, our clubs help young people build the skills that will help them to make positive contributions in their homes and communities,” said Mimi LeClair, President & CEO, Boys & Girls Clubs of Chicago. “The backpacks and school supplies donated by OppenheimerFunds will give these kids the tools that will help them succeed in the classroom and beyond.”

OppenheimerFunds’ corporate philanthropy and community initiatives also include its 10,000 Kids by 2020 program, which aims to introduce 10,000 students to math literacy programs through nonprofit partnerships and active employee volunteerism. The firm works closely with organizations including the National Museum of Mathematics, Boys & Girls Club, MATHSWORLDUK, Common Impact and Cross-Cultural Solutions, which provides impactful and sustainable service opportunities and skills based volunteer programs.

OppenheimerFunds Distribution Symposium Volunteer Highlights

Date

Location

Organization

Activity

Amount Donated

January 2011

Dallas, TX

Dallas Children’s Hospital

Created murals for hospital walls

$10,000

August 2011

Chicago, IL

Chicago Cares to benefit Woodson South Elementary School

Refurbished local school facilities

$10,000

January 2012

Fort Worth, TX

USO Dallas

Assembled and donated backpacks for troops

$10,000

August 2012

Salt Lake City, UT

Boys & Girls Club of Greater Salt Lake

Built and donated bicycles

$10,000

January 2013

New York, NY

Breezy Point Relief Fund

Assembled and donated care packages

$10,000

August 2013

Laguna Nigel, CA

Las Palmas Elementary School

Refurbished local school facilities

$10,000

January 2014

Dallas, TX

Flood victims

Provided various types of assistance

$10,000

August 2014

Washington, DC

Boys Town

Made campus improvements, organized donated items, created backpacks, repaired kitchen facilities

$10,000

January 2015

Atlanta, GA

USO Council of Georgia

Gathered and donated care packages for troops

$10,000

August 2015

San Diego, CA

Support the Enlisted Project (STEP)

Built 75 wheelchairs for donation

$10,000

August 2015

San Diego, CA

Ronald McDonald House

Stuffed ~100 teddy bears for children

$10,000

January 2016

Atlanta, GA

Hands On Atlanta

Assembled 600 snack packs and hygiene essential kits

$10,000

July 2016

Boston, MA

Boston Cares

Constructed 30 toddler beds and packed 100 blankets and 100 superhero capes

$10,000

January 2017

Atlanta, GA

Boys & Girls Clubs of Metro Atlanta

Assembled and donated 300 College Bound Care packages

$10,000

August 2017

San Diego, CA

Operation Homefront

Created 400 baby care packages for local military families

$10,000

August 2017

San Diego, CA

Boys & Girls Clubs of Greater San Diego

Helped build 20 model solar cars with children from Boys & Girls Clubs of Greater San Diego and donated 100 model solar car kits to the organization’s STEM program

$10,000

January 2018

Dallas, TX

Trusted World

Attendees packed and donated 20,000 meal kits to be distributed to families recovering from recent natural disasters.

$10,000

January 2018

Dallas, TX

Boys & Girls Clubs of Greater Dallas

Assembled and donated 175 Robotics IQ Kits for the organization’s STEM program.

  $10,000

July 2018

Chicago, Illinois

Boys & Girls Clubs of Chicago

Assembled and donated 800 backpacks filled with school supplies

$10,000

July 2018

Chicago, Illinois

Cradles to Crayons

Assembled and donated 400 infant clothing packages and 3,000 hat and glove packages.

$10,000

 #  #  #

About OppenheimerFunds

OppenheimerFunds, Inc., a leader in global asset management, is dedicated to providing solutions for its partners and end investors. OppenheimerFunds, including its subsidiaries, manages more than $246 billion in assets for over 13 million shareholder accounts, including sub-accounts, as of June 29, 2018.

Founded in 1959, OppenheimerFunds is an asset manager with a history of providing innovative strategies to its investors. The firm’s 16 investment management teams specialize in equity, fixed income, alternative, multi-asset, and factor and revenue-weighted-ETF strategies, including ESG as a signatory of the UN PRI. OppenheimerFunds and its subsidiaries offer a broad array of products and services to clients, who range from pensions and endowments to financial advisors and individual investors. OppenheimerFunds and certain of its subsidiaries provide advisory services to the Oppenheimer family of funds, and OFI Global Asset Management offers solutions to institutions. The firm is also active through its Philanthropy & Community initiative: 10,000 Kids by 2020, reaching children with introductions to math literacy programs.

Web: oppenheimerfunds.com

Tweets: twitter.com/OppFunds

Podcasts: oppenheimerfunds.com/advisors/podcasts

Shares of Oppenheimer funds are not deposits or obligations of any bank, are not guaranteed by any bank, are not insured by the FDIC or any other agency, and involve investment risks, including the possible loss of the principal amount invested.

Before investing in any of the Oppenheimer funds, investors should carefully consider a fund’s investment objectives, risks, charges and expenses. Fund prospectuses and summary prospectuses contain this and other information about the funds, and may be obtained by asking your financial advisor, visiting oppenheimerfunds.com or calling 1.800.CALL OPP (225.5677). Read prospectuses and summary prospectuses carefully before investing.

Oppenheimer funds are distributed by OppenheimerFunds Distributor, Inc.

225 Liberty Street, New York, NY 10281-1008

© 2018 OppenheimerFunds Distributor, Inc. All rights reserved.

source: http://www.csrwire.com/press_releases/41232-OppenheimerFunds-Supports-Chicago-Community-During-Distribution-Symposium?tracking_source=rss

[savetopnow]

2018-03-24 11 BUSINESS now

BUSINESS

Business Insider

Andrew McCabe has a sobering message for former FBI colleagues after his 'nightmare' firing

Trump moves to limit transgender individuals from military service

THE EVOLUTION OF ROBO-ADVISING REPORT: How automated investment products are disrupting and enhancing the wealth management industry

Fired FBI deputy director Andrew McCabe unleashes on Trump

AI IN E-COMMERCE: How artificial intelligence can help retailers deliver the highly personalized experiences shoppers desire

Harvard Business Review

Pay Injustices

Apple’s Pact with 13 Health Care Systems Might Actually Disrupt the Industry

Emergency Responders and the Dangers of “Masculinity Contests”

How to Manage an Employee Who Cries Easily

Research: Legal Marijuana and Gay Marriage Have Been Good for U.S. Innovation

Inc

5 Ways Truly Great Bosses Keep Their Employees From Burning Out

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Why the Cannabis Industry Is Interested in Cryptocurrency Offerings

Starbucks Just Announced That It's Reached 100 Percent Pay Equity. Here's What You Can Learn From Their Success

New York Times Business

A Fourth Woman Files a Defamation Suit Against Bill O’Reilly

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Reddit Business

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Because management failed to act last summer after Gordon Hayward left, the Jazz are still on pace to backslide, despite their run

FB is blocking users from posting URL to a website allowing them to find out what data FB has collected on them (edited).

Your 'role will be removed': Whole Foods fires workers in 7-minute leaked conference call

Reddit Startup

Writing a Product Spec - Example From A Startup Founder

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Is there anything wrong with starting a business using WordPress and a pre-built WordPress theme if the theme can do what you are looking for and you can get an MVP built quickly to test?

Who runs your user tests at your startup?

Struggling with brand’s name

The Economist Business and Finance

Ukraine convinces Ryanair to return

Markets think trade war is good for "absolutely nothing"

Dropbox goes public

The EU wants to tax tech giants’ revenues

The world’s three biggest engine-makers hit a snag

Wall Street Journal Business

China Started Trade War, Not Trump

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Trump Signs Bill to Fund Government But Blasts Measure

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Yahoo Finance

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Roseanne Barr’s outburst on ‘Kimmel’ wins cheers

Syrian army celebrates as rebels quit most of their Ghouta stronghold

Fort Standard's Terrazzo Planters and Other Top Picks from the AD Design Show

[southbournegroup-blog]

How to Invest in Oil without Taking a Risk

Bob Ravnaas raised a paddle in a Houston auction house to secure his first block of mineral rights 19 years ago, when oil prices were swooning below $20 a barrel.

A generation later, that same West Texas oilfield is still spinning off royalties, part of a mineral-rights empire amassed by Ravnaas that stretches across 20 states and delivers millions of dollars in cash payments. Kimbell Royalty Partners LP, where the former petroleum engineer is now chief executive officer has stakes in 48,000 oil and natural-gas wells in some of the hottest U.S. shale patches. These days, it’s not alone.

America’s drilling boom is making a hot commodity out of one of the stodgiest of oilfield assets, the monthly royalty check. Lured by the promise of steady returns without the cost of actually operating wells, companies like Kimbell are racing to acquire rights around the U.S. Private-equity giants including EnCap Investments LP and Blackstone Group LP are getting into the game as well, pouring billions into the market.

“It’s become a very attractive investment," said Ravnaas, whose Fort Worth, Texas, company went public in February with a $90 million offering. “Oil and gas production has increased dramatically in the last ten years, and the size of the royalty market is increasing exponentially along with it."

Drillers have negotiated with landowners for decades to tap the reserves below their acreage. But mineral rights have taken on new value as advanced drilling techniques sparked a renaissance in oilfields across the U.S. The rights guarantee holders an upfront bonus when an operator decides to drill and a cut of revenues for each barrel sold thereafter.

Generational Turnover

The growth in interest has been fueled by generational turnover. As time has passed, mineral rights have been passed down and diluted among successive generations. Descendants now see better value in packaging and selling off those rights for an upfront payment or equity in the new minerals companies, Ravnaas said.

In what was once a mom-and-pop business, $20 million deals with Texas cattle ranches or other major landowners have become more common, according to the CEO. Speculators are knocking on doors and blanketing mailboxes in hot shale plays, hoping to amass mineral rights for cheap before the drilling companies arrive.

Royalties typically range from an eighth of the per-barrel price to as high as a quarter in coveted areas like the Permian shale basin in Texas and New Mexico. Rights-holders aren’t on the hook for operating or financing costs to run the wells, although their income does depend on a driller’s willingness to keep pumping. Crude futures have fallen 14 percent in New York this year and were at $46.53 a barrel as of 10:06 a.m. on Friday.

“It’s effectively a zero-cost exposure to the minerals" said Brian Brungardt, a Stifel Nicolaus & Co. analyst in St. Louis. He tracks Kimbell and two other royalty-chasing partnerships, Black Stone Minerals LP (no relation to the equity firm) and Viper Energy Partners LP.

20 Million Acres

Collectively, the companies have spent more than $120 million to acquire new rights this year and now hold a claim on oil and gas royalties from more than 20 million acres in the Permian, Bakken, Marcellus and other shale fields, according to corporate filings.

Private equity firms have jumped in as well, seeing mineral rights as a more affordable entree into the U.S. shale boom.

In the Permian, drilling rights have reached $40,000 an acre and higher in the past year. The top price for mineral rights in the area is closer to $20,000 an acre, although competition has been pushing the tab up, said Rich Aube, co-president of New York-based Pine Brook Partners. The firm has devoted more than $100 million to royalty investments, including Brigham Minerals LLC.

“It’s a new way to invest in the same resources in a way that’s less capital-intensive," Aube said in a telephone interview. “You have a lot of folks who want exposure to these resources with a different risk profile and have found this more attractively priced."

Encap, Blackstone

Houston-based EnCap, among the biggest energy-focused buyout firms, has devoted $1 billion to mineral investments, while New York-based Blackstone has invested more than a half-billion dollars. Aube said he knew of at least a dozen other equity firms that have assembled their own minerals teams.

Representatives at EnCap and Blackstone declined to comment.

The firms are pitching mineral rights as a new asset class for investors seeking better returns in a world of ultra-low interest rates.

Viper Energy and Black Stone Minerals pay quarterly distributions that yielded more than 7.2 percent apiece as of this week, while Kimbell’s yield was projected at 5.6 percent, according to data compiled by Bloomberg. Each beats the average investment-grade energy bond yield of about 3.5 percent, according to Bloomberg Barclays index data.

“You’ve got hundreds and hundreds of landmen that are constantly putting together an acre here and an acre there and then selling," said R. Davis Ravnaas, Kimbell’s chief financial officer and the CEO’s son. “We meet a new team almost every week."

The risk for royalty collectors is that they’re at the mercy of a third party -- oil companies -- to keep the petroleum pumping. Kimbell reported a net loss in each of the last three years, after more than $40 million in writedowns related to slumping oil and gas prices.

Despite those paper losses, cash flow and production continued to grow, the company said in an emailed statement. Kimbell credited “a highly tuned acquisition strategy which focuses on only buying high quality properties with ongoing development and upside potential."

The market’s volatility puts a premium on having the right executive team, said Brungardt, the Stifel analyst.

“You need a team in place that has got the experience in not only analyzing reserves and well economics but also the acquisition side," he said. “You may be sitting on a lot of acreage, but if nobody’s interested in it, you are out of luck."

“It’s critically important to purchase not only the right rocks but the right rocks operated by the right operators," added Aube, of Pine Brook Partners. “You don’t control the pace of drilling, but that’s a judgement that affects the value of your asset and what your cash flow is going to look like over time.”

[bingtoolbar]

A Brief Explanation Of "Purchasing" and also "Offering" In Forex Trading.

These days everyone is discussing a new successful task called Foreign exchange trading as well as the great possibility this task represents for individuals happy to brake free from the corporate globe as well as start working from home or any kind of where else without losing their present way of living or even enhancing it.The majority of skilled traders think about that the very best as well as most rewarding of the resources markets is the Foreign exchange market. For many years Foreign exchange trading was the sole domain name of significant banks, huge financial institutions and nations central banks; as an example the U.S. Reserve bank. But nowadays, thanks to the internet the market has been opened to every person willing to discover the very best methods in forex trading and also with the purpose of making significant revenues as the institutions pointed out over that each year and regularly make very high profits from trading in the Forex market. home for sale fort wayne You have numerous benefits when trading the forex markets, as an example; you don't have to stress over costs you could need to pay to your broker; there are also none of the usual charges to which futures and equity investors are accustomed to pay constantly; no exchange or cleaning costs, no NFA or SEC costs.The forex market has 5 major currencies: US Dollar, Japanese Yen, British Pound, Euro and the Swiss Franc. It is because of their great popularity in world's commerce transactions and its high activity that these 5 moneys represent over 70% of North American trading. Obviously there are other tradable currencies; they include the Canadian, Australian as well as New Zealand Dollars. These minor moneys account for 4% - 7% of the total market quantity. With each other, all this 5 majors and minors currencies constitute the foundation of the Foreign exchange market.The concept of "Buying" in Foreign exchange describes the acquisition of a particular money set to open a trade and also "Marketing brief" refers to the selling of a particular currency to open up a profession, i.e, simply the contrary. When you Get, you are expecting the price of the currency pair to boost with time, i.e., you get cheap to sell high; which is easy to understand. In the case of Selling short, it looks a bit much more complicated. Below the means to earn loan is to originally offer a currency set that you assume will certainly lose value in an offered period of time and then, once it happened, you will certainly purchase it back at the brand-new price now you can market it at the previous higher price the currency had when you opened up the profession, so you earn the distinction in prices. It might appear sort of complicated when you are starting, once you remain in front of your trading terminal it will certainly look much easier.

[rbaquarock]

Industrial Area Farukhnagar

Industrial Area Farukhnagar, Farukhnagar is a municipality in the Gurgoan district of the state of Haryana. A part of the Ahirwal region it shares its border with Jhajjar district. Established in 1732 under the Mughal emperor Farrukhsiyar by his governor Faujdar Khan who also became the first Nawab of Farukhnagar. Farukhnagar in Haryana has always been one of the important trading towns known for its salt manufactured from saline water obtained from the villages around it. The salt was called Sultanpur Salt after the location of the most prominent salt work of the area. Sultanpur was the centre of salt production for use in Delhi and the United Provinces until the late 19th century. Salt was produced by extracting brine from wells using bullocks and drying in open plots. And we all know that salt was a major revenue for the government in British Raj.

Farukhnagar has had a rich history of being governed by the Mughals, the Jats and finally the British. The palace of the Nawab of Farrukhnagar aligns the main bazaar of the town and is known as Sheesh Mahal. It is a double-storey structure in red sandstone, Mughal bricks and Jhajjar stone built by Faujdar Khan. It has decorative interiors of elaborate mirror inlay work, hence the name, Sheesh Mahal or Glass Palace. It's baradari, or a pavilion with 12 doorways, now houses Municipal committee office. The archaeological department is restoring the palace, and its premises also has a memorial dedicated to the martyrs of Indian Rebellion of 1857 from the town.

Sethani Ki Chhatri is an elaborate memorial cenotaph in the shape of a two-storeyed chhatri, which is a pillar pavilion with eight arched openings on each floor and floral decorative motifs used profusely.

Farrukhnagar railway station was built during the British Raj and opened when the first-meter gauge railway track in India, was opened between Delhi to Rewari ) in 1873, along with a branch line from Garhi Harsaru to Farukhnagar specifically for the salt trading.

Farrukhnagar Fort’s Dilli Darwaza with its impressive bastion is an important feature of the fort. It is one of three surviving entrances to the town, out of earlier five gated entrances which have slowly expanded by the growing town.

Farukhnagar, along with rich heritage culture, has also become an exceptional industrial area due to cheap resources and connectivity with the Golden Quadrilateral.

It always has been a busy commercial area because of its strategic location and resources available. And because of its strategic, it is attracting a lot of economic projects.

One such project is the Reliance MET Project that is the Model Economic Township Limited Project started by Reliance in the industrial area in Farukhnagar due to its proximity to the National Capital Region. This project is situated in Jhajjar districts and Gurgoan district covering the Farukhnagar Industrial Area in Haryana, both of which are industrially backwards and in the process of getting commercially evolved.

The project covers thirty revenue villages 22 of which are in Jhajjar district while the rest 8 are in Gurgoan district including the Industrial Area in Farukhnagar.

Some of the important reasons why Farukhnagar Industrial Area has been selected for this project are-

Being part of the National Capital Region sharing a border with Delhi which has very high connectivity not only in the country but also worldwide.

Lying within the Delhi Mumbai Industrial Corridor Project's influence area, it is well connected with the Dedicated Freight Corridor.

The industrial area has been declared as an Urban area from utilising the various provisions of urban facilities provided to the area.

The project is covered by Farukhnagar Development Plan Area in the South.

Due to the proximity of Farukhnagar to large consumption centres of Gurugram and Manesar and easy access of communication because of the Delhi-Jaipur Highway or NH48, it is an ideal location for being an industrial hub for logistics as well as industrial parks. And because of the above-stated facts, Farukhnagar is a house to a lot of leading commercial sectors like e-commerce, logistics, automotive, etc.

Easy connectivity to Dwarka Expressway and KMP Expressway and proximity to T3- Indira Gandhi International Airport along with policies that are industry-oriented make the Industrial area in Farukhnagar an upcoming prime destination for Multinational companies from all around the globe.

One such Industrial park in Farukhnagar is the Embassy Industrial Park spread over 108 acres of land. With such large e-commerce into business in India, logistics plays a major role in its success. With land availability, cheaper costs of land, proximity to the National Capital Region, key consumption market and easy connectivity to the Golden Quadrilateral has made the Industrial area in Farukhnagar an epicentre for the businesses around it.

Farukhnagar has evolved into an excellent automobile hub with manufacturing sites of a lot of automobile companies like Honda, Denso, Bajaj Auto, Hero Motors, Maruti group amongst others.

Because of its proximity to the upcoming KMP Expressway and Dwarka Expressway, it has by default na one the first choice for local logistics and warehouses. The industrial area serves to consolidate the industrial footprint in the north of the country.

Due to the employment opportunities coming up in the Industrial Area, the locals in and around Farukhnagar are also getting job opportunities based on their skill set.

Since a lot of logistics and warehouses being needed in the Industrial area, a lot of places especially those who are not in use are being developed into those warehouses and are being leased out by the locals to earn a handsome amount. Along with this, a lot of companies are buying outlands and constructing their warehouses for their goods or leasing out their warehouses for some extra income.

The warehouses are equipped with a state-of-the-art facility backed by highly trained manpower, custom-made design to suit the customer’s need and world-class safety standards.

Farukhnagar, however, has no direct rail connectivity. The only connection by rail is from Gurgoan. But, the state government has taken the initiative to get the rail network developed as it would mean more business to the industrial area.

A lot of warehouses are available for lease with lease range starting from one lakhs ranging to a crore. These warehouses are fully equipped depending upon the range and budget, especially with sewerage plant, power backup, water and electricity and security services for the smooth functioning of any business ought to be taking place there. Giants such Flipkart, Hero motors, Honda and many more have leased out warehouses in the industrial area of Farukhnagar to boom their business and not lag in the race.

A lot of premium commercial plots of varied size with planned strategic locations within the licensed industrial area of Farukhnagar are readily available. These plots are meant both for residential as well as commercial purposes.

These residential plots are planned to accommodate affordability at various levels to make the industrial area a smart space to live for all skill sets of individuals and all basic amenities. The colonies are planned to strengthen the concept of “walk to work” concept.

Warburg Pincus private equity and Embassy Group’s joint venture Embassy Industrial Parks acquired a 110-acre land parcel in the Industrial Area in Farrukhnagar. The industrial and warehousing company already leased out 1 million sq ft of this proposed development. Hence the development of the industrial area is also being developed to become a township.

A good part of the equity capital being generated is being invested by these industrial giants in the industrial area further to develop the industrial area of Farukhnagar for creation of better investment opportunities along with employment opportunities.

Hopefully, this expansion and growth of the industrial area keep on rising to make the industrial area of Farukhnagar a world-class industrial area and one of the best to invest it.

For further details call us at 9650389757 or visit our portal : www.aquarock.in

[goplayfantasycricket-blog]

Bright Future of Fantasy sports games in India

Fantasy sports games are the ‘in’ thing nowadays across the globe. The surge for fantasy sports games in the last few years has seen tremendous growth. Not only is it a medium for a sports fan to showcase his/her knowledge about that particular sport, but they can be a part of the game virtually. It also allows fans to win real cash by playing the game at home or in the workplace. These games are available on websites as well as on fantasy mobile apps.

For all our readers, fantasy games are online games available on various platforms through which users can make their teams with real players on match days and take part in cash-based leagues. The main aim is to compete with other users and achieve a good ranking on the leaderboard. The user wins real money, depending on the criteria of the league that they selected.

With over a billion cricket fans in India, it was a matter of time when fantasy cricket games took the world by storm. India now has around 60 online fantasy cricket website for fantasy sports fans. The fantasy gaming industry started in 2008 in India with the introduction of the biggest T20 festival of the world, the Indian Premier League. But it was in the last few years when the industry picked up well in India with the advent of other global T20 leagues. These games are not only limited to the world of cricket, but Kabaddi, football, and other sports fans can try their hands on these leagues as well.

The fantasy sports gaming industry in India is growing at a rapid pace and is a thriving business nowadays. With most cities having access to the 4G network and with increasing penetration of smartphones in Tier 2 & 3 cities, fantasy games are here to stay. And with the advent of Kabaddi, Football, and other sports leagues in India, there will be an increase in the size of the user base at a fast rate.

The fantasy India market is expected to reach over $5 billion in the next two years. The gaming industry is not only attracting customers but is very popular among private equity firms.

Let’s look at some top fantasy cricket websites and fantasy mobile apps

Dream 11

Dream 11 is at the top of the tree when it comes to fantasy sports gaming in India. It is considered to be the biggest and the most user-friendly online fantasy gaming website in India. Founded in 2008 by Harsh Jain and Bhavit Seth, Dream 11 became the first Indian company to enter the unicorn club last year with a database of 5 crore users. Cricket being their forte, they have opened their platform for Football and Kabaddi as well. With sports personalities like Harsha Bhogle and MS Dhoni endorsing the app, Dream 11 has set standards for others to follow.

Halaplay

Halaplay was founded by BITS Pilani alumni Swapnil Saurav, Prateek Anand, Ananya Singhal, and Aman Kesari in 2017. In March, it raised about $5 million from global mobile gaming leader Nazara Technologies and casino gaming company Delta Corp. The Sports platform claims a 10x user growth in the last 12 months and expects to grow exponentially in the 2020 IPL season. With a user base of 4 million people, Halaplay is coming up well in the industry.

Apne11

Founded in June 2019, Apne11 is the newest member of the fantasy gaming industry. The former World Cup winning captain, Kapil Dev, is the brand ambassador of the particular app. With over a million active users in less than eight months, Apne11 announced their presence in grand style. In less than six months, they have generated a revenue of $1 million. Their target is to reach 500,000 users by the end of this year’s IPL season and widen the prize pool to about Rs. 10 crore.

Balle Baazi

The Delhi-based startup, founded by Saurabh Chopra in 2018, has a user base of one million. It is one of the few online platforms dedicated only to the sport of cricket. The popularity of cricket in India and the number of international tournaments this year is expected to drive further growth of the platform. BalleBaazi gives the option to its users to create their own leagues and invite the ones they want to engage with.

Green signal by the Indian Judiciary has helped the fantasy gaming industry in India gain trust in the market. The fantasy gaming industry is becoming a profitable sector for both consumers and businesses. The number of investors who are willing to invest money on fantasy cricket websites and fantasy mobile app and the technological advancement in India has all contributed to the significant growth of the fantasy gaming industry in the country.

[alfredrserrano]

Developers are banking on co-living, but will it catch on?

Grove Central

When Pebb Capital principal James Jago attended Tulane University in the early 2000s, he lived in “a dumpy house” with three roommates.

But now, college students increasingly have the option to live off-campus in luxury student housing loaded with amenities like resort-style pools with cabanas, coffee bars, game rooms, movie theaters and fitness centers with yoga and indoor cycling studios. In Miami, near Florida International University and the University of Miami, developers are building high-end housing for affluent students. And when those students depart for the real world, they don’t want to downgrade their living arrangements.

“Students graduating have high expectations,” Jago said.

Therefore, Boca Raton-based Pebb Capital is investing in co-living developments, the grown-up version of dorm living that is taking off in South Florida. Pebb has injected $10 million into Property Markets Group’s 1,200-unit X Las Olas development, currently under construction in Fort Lauderdale, and plans to invest in the firm’s X project at 400 Biscayne Boulevard in downtown Miami.

Jago and other developers are betting on Florida’s growing population of recent graduates and those new to the workforce — specifically, those in the 25-to-35-year-old range — who want to live in the urban cores but can’t afford to pay sky-high rents. In the co-living buildings, renters pay about 20 percent less than they would for a studio apartment, but developers make more by fitting more bedrooms in one unit.

RELATED STORY: WATCH: Developers and co-living operators shed light on the growing industry

Typically housing three to four tenants, co-living units feature bedrooms that are much smaller than those in traditional apartments, but each usually has its own bathroom. 

And to sweeten the deal for tenants, co-living projects offer a slew of amenities. X Miami in downtown Miami boasts a gym, dog park, screening lounge, co-working lab and pool deck that’s known to host frequent pool parties. Cocktail bar Jaguar Sun is located in its lobby.

“What co-living does is it enables the elevation of their standard of living for young professionals. You can lower your monthly [cost] by renting a bedroom. It creates a sense of community,” Jago said.

Brian Koles, director of brand and marketing for Miami X developer PMG, said that while “we build buildings to make money, we firmly believe that it can be a win for everyone.”

PMG is the biggest developer of rent-by-the-bedroom apartment housing in South Florida and was the first to open a large-scale project when it delivered X Miami in 2018. The 32-story, 464-unit tower is now 97 percent leased.

Only 20 percent of PMG’s co-living projects — the three- and four-bedroom units — are actually reserved for co-living, Koles said. That allows renters to “graduate” from leasing bedrooms to their own units as they get promotions or move in with significant others.

Now that X Miami has been up and running for over a year, PMG is launching a division to expand across the country. The venture, called Society, includes X Las Olas, 400 Biscayne, a Wynwood project, one in Phoenix and another in Orlando. All five buildings will be branded Society. (See sidebar.)

But Koles and PMG will soon have some competition from another local developer who sees similar opportunities in the micro-apartment format. Miami-based Terra Group and Grass River Property, currently developing 401-unit Grove Central, inked a deal to bring in national co-living startup Common to manage a portion of the project — 22 units with 106 bedrooms.

“Co-living is supposed to garner more revenue in less space but at the same time deliver an affordable rent that is below the AMI [area median income] of a neighborhood,” said Terra Group president David Martin.

Co-living also allows multifamily developers to differentiate themselves from the competition, said Luis Flores, an attorney at Saul Ewing Arnstein & Lehr whose clients include PMG.

Even Richard Branson, who’s known to look into the future for his next big idea, will brand a Virgin hotel and residential tower with 150 furnished micro and co-living rental units, which will start at under 400 square feet. Scheduled for a 2023 delivery, the Brickell project is expected to break ground in 2020.

Startups surge

The affordability crisis nationwide and in Miami specifically creates an opportunity for builders and startup operators of co-living, who have been flocking to the region. According to an exclusive report from the Miami Herald, an October 2019 study by Florida International University’s Jorge M. Pérez Metropolitan Center found that more than half of cost-burdened renters — households that spend more than 30 percent of their income on rent — are spending more than 50 percent of their paychecks on rent.

Common Coliving Melrose

Startups like Common and Ollie are eager to swoop in with solutions. The two co-living operators have expanded throughout the U.S. and are now signing local long-term lease deals with apartment landlords and developers.

“You have a lot of supply that’s really geared toward luxury renters. It’s clear that there is really a need for affordable housing,” said Brian Lee, senior director of real estate at Common.

New York-based Ollie, which has raised $15 million, will manage 400 beds in one of three buildings at Gables Station, NP International’s mixed-use project in Coral Gables. Life Time Fitness is opening at the development, which will include about 120,000 square feet of retail space. (Read more about the project on page 46.)

Led by founder and CEO Brad Hargreaves, Common rents out rooms in furnished, shared apartments on flexible lease terms in 32 locations in New York City, Chicago, Los Angeles, San Francisco, Oakland, Seattle and Washington, D.C. It signs leases for ground-up new developments and will also work with owners of existing buildings to convert larger two-bedroom units into three-bedrooms, and so on.

It then leases out bedrooms for rents that are 15 to 20 percent below what a studio in the same neighborhood is being marketed for. Rents in Miami will start at about $1,000 a month, Lee said. Common uses technology that generates leads, matches roommates and schedules tours.

The company sells annual memberships to residents who can transfer between properties if they’re moving to another city with Common locations. It has more than 1,000 members, according to a spokesperson.

In October, Common investor Six Peak Capital announced it had hired Cushman & Wakefield to raise $1 billion in debt and equity to fund its expansion of co-living in the U.S. Common has raised over $65 million since it was founded in 2015, from investors that include Norwest, Maveron, 8VC and LeFrak.

Common has yet to open a location in Miami, but it has about 800 bedrooms in the local pipeline. It’s also negotiating deals for roughly 2,500 bedrooms throughout South Florida.

The startup’s first location will open in late 2020 or early 2021 in a cluster of homes in Little Havana that will total 130 bedrooms.

At Terra and Grass River Property’s Grove Central, where Common is leasing a small portion of the apartment component, workforce housing apartments and retail space are also part of the mix. The development features easy access to the Coconut Grove Metrorail station.

Construction at Grove Central is expected to go vertical in the second quarter of next year. Martin said the developers worked with Common to design the units with smart kitchens, shoe and shirt storage, suites for couples, efficient bathrooms and “as much community space as possible.”

The project will have theaters, gyms, lounges, co-working space and coffee shops in addition to the retail space that’s already planned.

‘Urbin’ infill

Though it’s more common in European markets, co-living is still a fairly new asset class in the U.S., so Terra said it is testing the market by leasing only 10 to 15 percent of the units to Common. Cities also have different caps on how many unrelated families can live in one housing unit, or do not allow co-living at all.

“It’s a test, but it’s also what I think works,” Martin said. “Traditional apartments have a certain cap rate. For co-living, there has not been that much trading. We don’t really understand how the capital markets are going to treat it.”

Martin is also an investor in Urbin, a co-living, co-working and wellness real estate platform led by developer Rishi Kapoor, the CEO of Miami-based Location Ventures. The company is moving forward with a co-living project at 1234 to 1260 Washington Avenue in Miami Beach after the City Commission there passed legislation allowing co-living in November 2019.

Urbin has raised $85 million in funding from the Murphy family of Coastal Construction, former NFL player Jonathan Vilma, Rudy Touzet of Banyan Street Capital and others. At least three locations are in the pipeline for South Florida, and Kapoor said he hopes to open 100 locations in the coming decade.

Mitash Kripalani, director of investment services at Colliers International South Florida, is listing the 61-bedroom building at 800 South Dixie Highway for sale. Location Ventures took it over two and a half years ago, renovated it and put an ad up on Craigslist to rent out the bedrooms, geared toward attracting students from the University of Miami. Kapoor said he used the building as a model for Urbin.

Co-living projects are in some cases getting “higher rents than Class A product in Brickell” because developers are able to rent a bedroom out for $1,300 a piece, according to Kripalani.

“Some people say it’s a fad,” Kripalani said. “But I think as rents grow, if you’re a young millennial and you want to live downtown for [$1,300] a month, your best option is co-living.”

The post Developers are banking on co-living, but will it catch on? appeared first on The Real Deal Miami.

from The Real Deal Miami https://therealdeal.com/miami/2020/02/17/developers-are-banking-on-co-living-but-will-it-catch-on-2/ via IFTTT

[cathrynstreich]

Celebrating 40 Years: RISMedia’s John Featherston Reflects

(Above) Scenes from my desk during the company’s early days)

An early rendition of the magazine from the spring of 1986

Editor’s Note: In 2020, RISMedia is commemorating our 40th year, and celebrating our incredible milestone with photos, stories and more, in Real Estate magazine and on RISMedia.com. We extend our gratitude to our partners for their steadfast support, and to you, our readers, for allowing us to continue delivering on our mission. As our Executive Vice President Darryl MacPherson (DMAC) often says…”Onward!”

In commemoration of RISMedia’s 40th year, our founder, John Featherston, gave us a glimpse into the beginnings of the business, what’s changed over the years, and what he’s learned.

Why don’t we begin where it started…how did you get involved in real estate, and how did you launch the National Relocation & Real Estate magazine (today, known as RISMedia’s Real Estate magazine)? John Featherston: My first managerial position was as a district supervisor for PHH Home Equity handling the company’s real estate activities in Southern California, Arizona, Nevada and Hawaii. The company was growing rapidly, and we were in need of a more robust network of real estate brokerage companies and appraisers to handle the needs of our clients.

In those formative years, I saw the value of identifying and connecting real estate professionals, mainly brokerage owners of multi-office firms. At the time, there weren’t many. Then there was the growing desire to connect these firms with third-party sources of new business. In this case, it started with corporate relocation and referrals; however, I believed the value would be much greater connecting local and regional real estate leaders with both third-party sources of new business and other real estate professionals.

At first, a directory was the ��connector”—then, in 1982-1983, we started with a limited magazine section of our annual directory, which ultimately evolved into our magazine in 1985.

Me, hard at work during the formative years

What were your biggest challenges early on? JF: The idea of starting a business in 1980, when mortgage interest rates were 18.5 percent and the prime interest rate was 15.5 percent…who in their right mind would have said, “Gee, I think now is a great time to start a business whose very existence would be predicated on selling and closing more homes!” In the early days, we were constantly challenged with questions from prospective clients like, “Who are you?” and “I have never heard of a business like yours—why should I spend any money with you?” We were young and new, and had no history to point them towards. We also lived in a different world. In the early 1980s, there were no computers, no cell phones, no email, no internet—you had relationships and personal testimonials, and those things either opened doors for you to present your ideas and plans, or, they didn’t!

We spent thousands of hours writing letters on typewriters, making phone calls and sending out bulk mailings, all to build our name and open doors to decision makers for opportunities to tell our story.

Of course, we also had the same challenges every startup had: lack of money and skillsets. No one was more determined than we were to succeed. I couldn’t wait for success to reach us—so, I went ahead without it!

All smiles as we hit the links while attending one of RISMedia’s early events

What are key moments in RISMedia’s story? JF: Pivotal moments in our history include:

Launching our first printed directory in 1981

Launching our freestanding magazine and having our first trade booth at the National Association of REALTORS® convention in 1985—a tradition that today establishes us as the longest continuous service exhibitor at the convention

Establishing our own meetings/events in 1987

Hiring DMAC away from an existing client in 1992

Establishing our own internet service company in 1994, which we later sold

Formally changing the name of our magazine to “RISMedia’s Real Estate” from “National Relocation & Real Estate” in 2005

Hiring a new breed of highly skilled and dedicated professionals starting in 2000, who’ve been the blueprint going forward, pushing us to improve our culture and our team (Beth, Christy, Maria, Kara, Kelli, “Big D” Dwyer…)

Holding down the fort at our trade show booth—a tradition that began in 1985, making us the longest continuous service exhibitor at the National Association of REALTORS® convention

Who were your mentors over the years? JF: We’ve been fortunate to have had many mentors over the years. From 1980 to the early 1990s, their advice focused on structure, finance and general business. From the mid-’90s to today, there has been a constant flow of younger advisors more in-tune with change and technology, which have become the driving forces of our business as far as positioning our content and influence.

My first mentors, however—and the most important—were my mom and dad. They always believed in what I initially outlined to them in the summer of 1980, and encouraged me to follow my dream. My dad was a successful and brilliant businessman, but, more importantly, an honest person and terrific father. Mom was equally brilliant—she was named the “Small Business Person of the Year,” 10 years after my dad passed away, by the Norwalk Chamber of Commerce in recognition for her many travel books sold throughout the world.

Of non-family mentors…the list is long! Dick Schlott, an iconic real estate broker, is a mentor I’ve had for more than 35 years. In the early days, I frequently visited SCORE, the Service Corps of Retired Executives, and sought advice from many retired leaders. These were my initial mentors, and without them, this company would not have survived.

Throwing it back to 1999!

A lot’s come and gone in the industry since 1980, especially considering the evolution of technology. How did the company pivot? JF: After surviving the early years, we realized we needed to quickly jump on the “new technology” bandwagon and produce all of our magazine pages in-house, rather than employing typesetters, which had been around since 1439, when Gutenberg invented the printing press. We had to migrate to using a new-fangled machine named after a fruit—an Apple—to stay alive and compete. We were among the first to realize that to succeed and survive, we had to learn how to use desktop publishing systems. The Macintosh 1984, 128 RAM, was the technology that propelled us forward!

Since then, technology and its adoption at RISMedia has never stopped, and drives the backbone of our business every day.

What about the “hard times”? How did the company navigate those? JF: During the Savings and Loan Crisis in the late 1980s and early 1990s, a third of our revenue sources went out of business in one year. That gave us a precursor to what would happen twice more in the years to come: the internet bubble of the late 1990s and the Great Recession and housing collapse of 2006-2010. That taught us to be nimble, agile, and to never, ever put all our hopes and dreams in one basket. Standing together as a team during the darkest days of the recession, we had countless discussions with industry leaders and brokerage owners, sharing with them confidence and hope that the housing market will rebound and, together, we will find a path back to success. That’ll always rank among the most challenging of times, and will also be known in our history as the catalyst for changes in how we operated.

CAPTION: DMAC and I sharing a laugh on stage at our 24th annual Power Broker event, November 2019 (Credit: AJ Canaria, PlanOmatic)

As an advocate for the industry, what are you most proud of? JF: You have to believe in what you do, or you will ultimately fail. We believe homeownership is part of the American Dream, and helps ordinary people become better citizens in many ways—not the least of which is allowing them to build wealth, while having the pride of owning the very home they live in. That is core to what RISMedia stands for: opportunity. We’re proud of our position. We need to continue to protect homeownership, because it helps ensure and protect all of our freedoms.

As you reflect on 40 years, what are your parting thoughts? JF: Real estate has given me a second home and purpose, and allowed an average but driven person like me to have a meaningful career, surrounded by a great partner and so many wonderful friends to work with, both within the company and around the nation. It was Mark Twain that said, “Find a job you enjoy doing and you will never have to work a day in your life.” Well, Mr. Twain was right!

Suzanne De Vita is RISMedia’s senior online editor. Email her your real estate news ideas at sdevita@rismedia.com.

The post Celebrating 40 Years: RISMedia’s John Featherston Reflects appeared first on RISMedia.

Celebrating 40 Years: RISMedia’s John Featherston Reflects published first on https://thegardenresidences.tumblr.com/

[savetopnow]

2018-03-24 08 BUSINESS now

BUSINESS

Business Insider

Dropbox CEO talks about how he went from rejecting Steve Jobs to an $11 billion IPO (DBX)

THE ANDROID MESSAGING EVOLUTION: How Google is responding to messaging app dominance (GOOG, GOOGL)

Evidence suggests Floyd Mayweather will never fight Conor McGregor in the octagon — but Mayweather does have a good reason to keep the rumor alive

The Trump administration just moved to effectively ban bump stocks

Here's where the future of retail is headed in 2018 (TGT, WMT, AMZN)

Harvard Business Review

Pay Injustices

Apple’s Pact with 13 Health Care Systems Might Actually Disrupt the Industry

Emergency Responders and the Dangers of “Masculinity Contests”

How to Manage an Employee Who Cries Easily

Research: Legal Marijuana and Gay Marriage Have Been Good for U.S. Innovation

Inc

5 Ways Truly Great Bosses Keep Their Employees From Burning Out

6 Creative Ways to Slash Your Social Media Marketing Spending

Facebook Just Announced Two New Tools To Help Influencers Make Money on their Platform

Why the Cannabis Industry Is Interested in Cryptocurrency Offerings

Starbucks Just Announced That It's Reached 100 Percent Pay Equity. Here's What You Can Learn From Their Success

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A Fourth Woman Files a Defamation Suit Against Bill O’Reilly

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Because management failed to act last summer after Gordon Hayward left, the Jazz are still on pace to backslide, despite their run

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Questions from someone that’s about to start a career in the business world

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Best Coworking space in San Francisco?

Do Cold Emails Work for B2B SaaS or Freelancers?

Is there anything wrong with starting a business using WordPress and a pre-built WordPress theme if the theme can do what you are looking for and you can get an MVP built quickly to test?

Who runs your user tests at your startup?

Struggling with brand’s name

The Economist Business and Finance

Ukraine convinces Ryanair to return

Markets think trade war is good for "absolutely nothing"

Dropbox goes public

The EU wants to tax tech giants’ revenues

The world’s three biggest engine-makers hit a snag

Wall Street Journal Business

Trump Signs Bill to Fund Government But Blasts Measure

Facebook Looks to Calm Advertisers After Cambridge Analytica Crisis

Dropbox IPO Defies Market's Gravity With 36% Jump

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Fort Standard's Terrazzo Planters and Other Top Picks from the AD Design Show

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[walterfrodriguez]

Developers are banking on co-living, but will it catch on?

Grove Central

When Pebb Capital principal James Jago attended Tulane University in the early 2000s, he lived in “a dumpy house” with three roommates.

But now, college students increasingly have the option to live off-campus in luxury student housing loaded with amenities like resort-style pools with cabanas, coffee bars, game rooms, movie theaters and fitness centers with yoga and indoor cycling studios. In Miami, near Florida International University and the University of Miami, developers are building high-end housing for affluent students. And when those students depart for the real world, they don’t want to downgrade their living arrangements.

“Students graduating have high expectations,” Jago said.

Therefore, Boca Raton-based Pebb Capital is investing in co-living developments, the grown-up version of dorm living that is taking off in South Florida. Pebb has injected $10 million into Property Markets Group’s 1,200-unit X Las Olas development, currently under construction in Fort Lauderdale, and plans to invest in the firm’s X project at 400 Biscayne Boulevard in downtown Miami.

Jago and other developers are betting on Florida’s growing population of recent graduates and those new to the workforce — specifically, those in the 25-to-35-year-old range — who want to live in the urban cores but can’t afford to pay sky-high rents. In the co-living buildings, renters pay about 20 percent less than they would for a studio apartment, but developers make more by fitting more bedrooms in one unit.

RELATED STORY: WATCH: Developers and co-living operators shed light on the growing industry

Typically housing three to four tenants, co-living units feature bedrooms that are much smaller than those in traditional apartments, but each usually has its own bathroom. 

And to sweeten the deal for tenants, co-living projects offer a slew of amenities. X Miami in downtown Miami boasts a gym, dog park, screening lounge, co-working lab and pool deck that’s known to host frequent pool parties. Cocktail bar Jaguar Sun is located in its lobby.

“What co-living does is it enables the elevation of their standard of living for young professionals. You can lower your monthly [cost] by renting a bedroom. It creates a sense of community,” Jago said.

Brian Koles, director of brand and marketing for Miami X developer PMG, said that while “we build buildings to make money, we firmly believe that it can be a win for everyone.”

PMG is the biggest developer of rent-by-the-bedroom apartment housing in South Florida and was the first to open a large-scale project when it delivered X Miami in 2018. The 32-story, 464-unit tower is now 97 percent leased.

Only 20 percent of PMG’s co-living projects — the three- and four-bedroom units — are actually reserved for co-living, Koles said. That allows renters to “graduate” from leasing bedrooms to their own units as they get promotions or move in with significant others.

Now that X Miami has been up and running for over a year, PMG is launching a division to expand across the country. The venture, called Society, includes X Las Olas, 400 Biscayne, a Wynwood project, one in Phoenix and another in Orlando. All five buildings will be branded Society. (See sidebar.)

But Koles and PMG will soon have some competition from another local developer who sees similar opportunities in the micro-apartment format. Miami-based Terra Group and Grass River Property, currently developing 401-unit Grove Central, inked a deal to bring in national co-living startup Common to manage a portion of the project — 22 units with 106 bedrooms.

“Co-living is supposed to garner more revenue in less space but at the same time deliver an affordable rent that is below the AMI [area median income] of a neighborhood,” said Terra Group president David Martin.

Co-living also allows multifamily developers to differentiate themselves from the competition, said Luis Flores, an attorney at Saul Ewing Arnstein & Lehr whose clients include PMG.

Even Richard Branson, who’s known to look into the future for his next big idea, will brand a Virgin hotel and residential tower with 150 furnished micro and co-living rental units, which will start at under 400 square feet. Scheduled for a 2023 delivery, the Brickell project is expected to break ground in 2020.

Startups surge

The affordability crisis nationwide and in Miami specifically creates an opportunity for builders and startup operators of co-living, who have been flocking to the region. According to an exclusive report from the Miami Herald, an October 2019 study by Florida International University’s Jorge M. Pérez Metropolitan Center found that more than half of cost-burdened renters — households that spend more than 30 percent of their income on rent — are spending more than 50 percent of their paychecks on rent.

Common Coliving Melrose

Startups like Common and Ollie are eager to swoop in with solutions. The two co-living operators have expanded throughout the U.S. and are now signing local long-term lease deals with apartment landlords and developers.

“You have a lot of supply that’s really geared toward luxury renters. It’s clear that there is really a need for affordable housing,” said Brian Lee, senior director of real estate at Common.

New York-based Ollie, which has raised $15 million, will manage 400 beds in one of three buildings at Gables Station, NP International’s mixed-use project in Coral Gables. Life Time Fitness is opening at the development, which will include about 120,000 square feet of retail space. (Read more about the project on page 46.)

Led by founder and CEO Brad Hargreaves, Common rents out rooms in furnished, shared apartments on flexible lease terms in 32 locations in New York City, Chicago, Los Angeles, San Francisco, Oakland, Seattle and Washington, D.C. It signs leases for ground-up new developments and will also work with owners of existing buildings to convert larger two-bedroom units into three-bedrooms, and so on.

It then leases out bedrooms for rents that are 15 to 20 percent below what a studio in the same neighborhood is being marketed for. Rents in Miami will start at about $1,000 a month, Lee said. Common uses technology that generates leads, matches roommates and schedules tours.

The company sells annual memberships to residents who can transfer between properties if they’re moving to another city with Common locations. It has more than 1,000 members, according to a spokesperson.

In October, Common investor Six Peak Capital announced it had hired Cushman & Wakefield to raise $1 billion in debt and equity to fund its expansion of co-living in the U.S. Common has raised over $65 million since it was founded in 2015, from investors that include Norwest, Maveron, 8VC and LeFrak.

Common has yet to open a location in Miami, but it has about 800 bedrooms in the local pipeline. It’s also negotiating deals for roughly 2,500 bedrooms throughout South Florida.

The startup’s first location will open in late 2020 or early 2021 in a cluster of homes in Little Havana that will total 130 bedrooms.

At Terra and Grass River Property’s Grove Central, where Common is leasing a small portion of the apartment component, workforce housing apartments and retail space are also part of the mix. The development features easy access to the Coconut Grove Metrorail station.

Construction at Grove Central is expected to go vertical in the second quarter of next year. Martin said the developers worked with Common to design the units with smart kitchens, shoe and shirt storage, suites for couples, efficient bathrooms and “as much community space as possible.”

The project will have theaters, gyms, lounges, co-working space and coffee shops in addition to the retail space that’s already planned.

‘Urbin’ infill

Though it’s more common in European markets, co-living is still a fairly new asset class in the U.S., so Terra said it is testing the market by leasing only 10 to 15 percent of the units to Common. Cities also have different caps on how many unrelated families can live in one housing unit, or do not allow co-living at all.

“It’s a test, but it’s also what I think works,” Martin said. “Traditional apartments have a certain cap rate. For co-living, there has not been that much trading. We don’t really understand how the capital markets are going to treat it.”

Martin is also an investor in Urbin, a co-living, co-working and wellness real estate platform led by developer Rishi Kapoor, the CEO of Miami-based Location Ventures. The company is moving forward with a co-living project at 1234 to 1260 Washington Avenue in Miami Beach after the City Commission there passed legislation allowing co-living in November 2019.

Urbin has raised $85 million in funding from the Murphy family of Coastal Construction, former NFL player Jonathan Vilma, Rudy Touzet of Banyan Street Capital and others. At least three locations are in the pipeline for South Florida, and Kapoor said he hopes to open 100 locations in the coming decade.

Mitash Kripalani, director of investment services at Colliers International South Florida, is listing the 61-bedroom building at 800 South Dixie Highway for sale. Location Ventures took it over two and a half years ago, renovated it and put an ad up on Craigslist to rent out the bedrooms, geared toward attracting students from the University of Miami. Kapoor said he used the building as a model for Urbin.

Co-living projects are in some cases getting “higher rents than Class A product in Brickell” because developers are able to rent a bedroom out for $1,300 a piece, according to Kripalani.

“Some people say it’s a fad,” Kripalani said. “But I think as rents grow, if you’re a young millennial and you want to live downtown for [$1,300] a month, your best option is co-living.”

The post Developers are banking on co-living, but will it catch on? appeared first on The Real Deal Miami.

from The Real Deal Miami & Miami Florida Real Estate & Housing News | & Curbed Miami - All https://therealdeal.com/miami/2020/01/09/developers-are-banking-on-co-living-but-will-it-catch-on/ via IFTTT

[blueweaveconsulting-blog]

Global Halal Food Market, By Product Type, By Application, By Distribution Channel, By Region, Size, Share, Revenue, Emerging Trends, Growth and Forecast, 2015–2025

The Global Halal Food Market has witnessed a rampant rise in demand for halal-certified products in fast few years due to the increasing population of Muslims across the globe with the rise in disposable income to utilize these products & services is expected to further augment the growth of the market over the coming years. With a large, diverse, and educated consumer base of young Muslims, the Islamic economy can be considered as one of the fastest growing sects globally, where the Islamic economy is creating vast opportunities for the economic growth. These factors are anticipated to be crucial factors backing the halal foods industry growth. Moreover, with the growing awareness of halal food and it’s positioning as hygienic and healthy food among both Muslim and non-Muslim community resulted in an increase in the consumption and acceptance of halal food among which is expected to drive the demand over the forecast period. However, the primary concern for the manufacturers is to determine the specific standard hence, the manufacturers have to constantly update various certifications as leading organizations for halal standardization and accreditation have been taking steps to harmonize the standards. Furthermore, manufacturers have been trying to drive change in the entire value chain of this market including raw material, product development to finished product packaging, marketing and spreading the benefits of consuming these products along with the creative advertisement is fueling the halal food market over the forecast period.

Meat & Alternative of Halal Food Market is projected to be the leading segment of the overall market during the forecast period.

Sample copy of Study Report for Overview of Global Market is Available@ https://www.blueweaveconsulting.com/global-halal-food-market-1986/#ReportSample

In terms of Product types, the global Halal Food market is segmented into as Meat & Alternatives, Milk & Milk Products, Fruits & Vegetables, Cereals & Grains, and Other Food & Beverage Products. Halal meat & alternative segment has always been a remarkable growth owing to the formation of Organization of Islamic Cooperation (OIC) to take the initiative of setting an international standard for these food items due to which the industry participants have been successful to a great extent in building consumer trust and pushing penetration of the product category to even higher levels. Additionally, the halal certified food assures that the food is clean and safe for consumption and is made in a hygienic manner. Furthermore, Rising living standards and improved lifestyles has also increased the market.

Processed Food & Beverages Industry is projected to leading industry for utilizing applications of the Halal Food during forecast period

In terms of Application, the segment of processed food and beverages accounted for the largest share in the global halal products market in past years owing to the rising global demand for processed food, the segment is expected to maintain its steady growth rate during the forecast period as well. Processed food & beverages segment was followed by bakery products segments. Beverages such as carbonated drinks, packaged juice, and sweeteners with halal certification are expected to witness significant demand over the forecast period. Muslims have also spent huge amount in halal tourism globally, among the top destinations of halal tourism, Malaysia is at the top, followed by the UAE, and Turkey. Hence, the opportunities are enormous in the sector of halal tourism for both Muslim and Non-Muslim countries.

Halal Products Market in Asia Pacific Is Projected To Have the Dominant Share

Global Halal Food Market based on regional analysis is segmented as North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. Asia Pacific has the highest market share in terms of revenue and is projected to maintain its dominance in the market over the forecast period followed by the Middle East and Africa, Europe, North America and Latin America. As the dynamics within the Muslim world change with the continues trend of globalization to shape consumers’ tastes, habit, and spending patterns across the world will have increasingly influential the share in the established markets of the Middle East and Asia, particularly by influencing global corporate halal strategies.

Key Developments in Global Halal Food Market

Arlene     Dickinson and One World Foods partner to bring authentic Halal     food experience to Canadians.

District     Ventures Capital has closely tied up an equity investment with OneWorld     Foods (“OneWorld”), a Canadian producer of authentic ethnic and Halal     foods.

Don’t miss the business opportunity of Halal Food Market. Consult to our analyst and gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides the growth potential, upcoming trends and statistics of Global Halal Food Market size & forecast. The report promises to provide state-of-the-art technology of Halal Food production and industry insights which help decision makers to take sound strategic decisions. Furthermore, the report also analyzes the market drivers and challenges and competitive analysis of the market.

View Complete Table of Content Having Unique Analysis on Several Factors: https://www.blueweaveconsulting.com/global-halal-food-market-1986/#TOC

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