Businesses
News releases, reports, statements and associated documents from U.S. and international businesses.
Featured Stories
Yaskawa Electric's Next-Generation Industrial Robot With AI and Autonomy Uses Wind River Linux
ALAMEDA, California, April 18 -- Wind River, a subsidiary of Intel, issued the following news release on April 17, 2024:
Wind River(R), a global leader in delivering software for mission-critical intelligent systems, today announced that Wind River Linux is being used by Yaskawa Electric Corporation, a leading manufacturer of servo motor, AC drives, and industrial robots, in the development of its new product, MOTOMAN NEXT.
MOTOMAN NEXT is capable of autonomous adaptivity to the environment and can make judgments with advanced AI capabilities. Yaskawa's new robot is powered by NVIDIA(R) Jetson
... Show Full Article
ALAMEDA, California, April 18 -- Wind River, a subsidiary of Intel, issued the following news release on April 17, 2024:
Wind River(R), a global leader in delivering software for mission-critical intelligent systems, today announced that Wind River Linux is being used by Yaskawa Electric Corporation, a leading manufacturer of servo motor, AC drives, and industrial robots, in the development of its new product, MOTOMAN NEXT.
MOTOMAN NEXT is capable of autonomous adaptivity to the environment and can make judgments with advanced AI capabilities. Yaskawa's new robot is powered by NVIDIA(R) JetsonOrin(TM) and Wind River Linux to realize new levels of intelligence and autonomy. It can handle challenging tasks in unstructured environments, driving automation into new application areas that previously were challenging to automate due to the need for human-level perception and judgment capabilities.
"AI is opening exciting new pathways. We are pleased to support the next generation of AI-capable robotics from an industry leader such as Yaskawa in combination with Wind River Linux and NVIDIA Jetson," said Amit Ronen, Chief Customer Officer, Wind River. "Together with Yaskawa and NVIDIA, we can help teams rapidly innovate in machine learning and AI to deliver more intelligent systems."
MOTOMAN NEXT can execute tasks based on its judgment of changes in the surrounding environment and the system's status, including accounting for other robots and peripheral devices. It can perform tasks that previously required human recognition skills and judgment, such as navigating an optimal path to avoid obstacles or sorting and boxing items of varying color and shape, as well as tasks with many variables and uncertain elements. Wind River Linux is used in the MOTOMAN NEXT autonomous control unit, running on NVIDIA Jetson Orin.
A platform for edge AI, embedded, and robotics applications, NVIDIA Jetson provides scalable software, a modern AI stack, production-ready ROS packages, and application-specific AI workflows. It can share AI software and cloud-native workflows while delivering the power-efficient performance required for building software-defined autonomous machines and breakthrough edge AI solutions. The combination of Wind River Linux and the NVIDIA Jetson platform enables advanced-AI edge applications.
As the embedded industry's leading and most advanced Linux platform,(1) Wind River Linux helps teams develop, deploy, and operate robust, reliable, and secure embedded solutions running on a purpose-built Linux operating system. Wind River Linux offers high stability and security to meet high-performance needs for mission-critical applications. For more information about Wind River Linux, visit http://www.windriver.com/products/linux.
* * *
About Yaskawa Electric
Yaskawa Electric has always provided support to the leading business across the ages by transforming as "a MOTOR manufacturer", "an AUTOMATION company" to "a MECHATRONICS company" based on its management philosophy of contributing to the development of society and the welfare of humankind through the performance of its business since the establishment in 1915. We propose the new solution concept "i(3)-Mechatronics" to realize continuous improvements in customers' productivity by integrating mechatronics products with utilization of digital data. We strengthen our core businesses of servo motor, controller, AC drives and industrial robots using these core technologies to the full, and evolve mechatronics by the use of digital data. We achieve revolutionary industrial automation and are committed to contributing to solve customers' business challenges. To learn more, visit at http://www.yaskawa-global.com.
* * *
About Wind River
Wind River is a global leader in delivering software for mission-critical intelligent systems. For more than four decades, the company has been an innovator and pioneer, powering billions of devices and systems that require the highest levels of security, safety, and reliability. Wind River software and expertise are accelerating digital transformation across industries including automotive, aerospace, defense, industrial, medical, and telecommunications. The company offers a comprehensive portfolio supported by world-class global professional services and support and a broad partner ecosystem. To learn more, visit Wind River at http://www.windriver.com.
* * *
Original text here: https://www.windriver.com/news/press/news-20240417
[Category: BizComputer Technology]
WarnerMedia: New HGTV Series Who's Afraid of a Cheap Old House? Will Inspire Bargain Buyers to Take on and Reimagine Dreamy Older Homes
NEW YORK, April 18 -- WarnerMedia, a media and entertainment company, issued the following news release on April 16, 2024:
Cheap Old Houses, the addictive social media phenomenon with nearly three million followers, including an impressive roster of A-list celebrities, has inspired a new HGTV series Who's Afraid of a Cheap Old House?, premiering Tuesday, May 14, at 10 p.m. ET/PT. Led by historic preservationist Elizabeth Finkelstein and her husband Ethan Finkelstein, a budget-conscious historic build expert, the series will appeal to bargain hunters who dream of owning a classic home affordably
... Show Full Article
NEW YORK, April 18 -- WarnerMedia, a media and entertainment company, issued the following news release on April 16, 2024:
Cheap Old Houses, the addictive social media phenomenon with nearly three million followers, including an impressive roster of A-list celebrities, has inspired a new HGTV series Who's Afraid of a Cheap Old House?, premiering Tuesday, May 14, at 10 p.m. ET/PT. Led by historic preservationist Elizabeth Finkelstein and her husband Ethan Finkelstein, a budget-conscious historic build expert, the series will appeal to bargain hunters who dream of owning a classic home affordablypriced at under $150,000 with features like antique fireplaces, original wood floors, leaded glass windows, vintage appliances and inviting front porches.
During the eight-episode season, the Finkelsteins will take potential buyers on tours of two listings--from traditional styles such as Colonial Revival, Craftsman, Tudor and Queen Anne to out-of-the-box ones like a church and a firehouse--that are brimming with history and unique architecture.
"Saving these houses isn't for the faint of heart, but it's worth it," said Elizabeth. "Our cheap old house movement caught fire on social media. Now, we're taking buyers house hunting so they can buy and restore a cheap old house of their own."
Ethan and Elizabeth will guide hopeful homebuyers through the emotional highs and lows of not only purchasing but also preserving real estate steals. Once the buyers choose their ideal project, the Finkelsteins, along with interior designer Jennifer Salvemini and architectural designer Scott Reed, will help them overhaul the forgotten places into beautifully restored gems that feature contemporary elements.
"We use the history of each house to design and restore," said Ethan. "We love to show homeowners the magic of cheap old houses."
The series will kick off in Whitehall, New York, where the Finkelsteins travel in their classic truck, Old Blue, to meet partners Bill and Joe, scenic artists who currently own a centuries-old home but wish to transform a unique building into their new dwelling. Ethan and Elizabeth will show them a former fraternal meeting hall in Italianate style with stunning arched windows and exposed brick and a firehouse with intact metal tin ceilings and walls--both built in the 1800s.
Until the new series premieres, HGTV fans can stream the original series Cheap Old Houses on discovery+ and get premiere updates on HGTV.com and via @HGTV and #CheapOldHouses on Facebook, X (formerly known as Twitter), Instagram, TikTok and Threads. Fans also can engage with behind-the-scenes content and check out the Finkelstein's latest property listings at @cheapoldhouses on Instagram.
The series is produced by Critical Content in association with Roberts Media.
* * *
ABOUT HGTV
HGTV delivers families with relatable stories, superstar real estate and renovation experts and amazing home transformations that inspire a passionate audience. For anyone seeking entertaining and aspirational home and lifestyle content, HGTV is the place to be. HGTV offers: a top 10 cable network that is distributed to just over 69 million U.S. households; a website, HGTV.com, that attracts an average of 11 million people each month; a social footprint of more than 34 million; HGTV Magazine, a monthly publication that reaches more than one million readers; and exclusive collections of home-oriented products through the HGTV Home(R) consumer products line. Viewers can become fans of HGTV and interact with other home improvement enthusiasts through Facebook, X (formerly known as Twitter), Pinterest, Instagram, TikTok and Threads. HGTV is owned by Warner Bros. Discovery, a leading global media and entertainment company available in more than 220 countries and territories and 50 languages whose portfolio also includes Discovery Channel, Max, discovery+, CNN, DC, Eurosport, HBO, HBO Max, HGTV, Food Network, OWN, Investigation Discovery, TLC, Magnolia Network, TNT, TBS, truTV, Travel Channel, MotorTrend, Animal Planet, Science Channel, Warner Bros. Film Group, Warner Bros. Television Group, Warner Bros. Games, New Line Cinema, Cartoon Network, Adult Swim, Turner Classic Movies, Discovery en Espanol, Hogar de HGTV and others. For more information, please visit http://www.wbd.com.
* * *
Original text here: https://press.wbd.com/us/media-release/new-hgtv-series-whos-afraid-cheap-old-house-will-inspire-bargain-buyers-take-and?language_content_entity=en
[Category: BizMedia]
Venable Ranks Among American Lawyer Magazine's Top 100 Firms
WASHINGTON, April 18 -- Venable, a law firm, issued the following news release:
Venable LLP is pleased to announce that it has been named to American Lawyer magazine's 2024 Am Law 100 list. The annual ranking lists U.S. law firms based on 2023 gross revenue. Venable LLP moved up the list from last year to #64.
The firm also ranked strong in other categories, including:
* #62 - Revenue per Lawyer
* #67 - Profits by Lawyer
* #78 - Compensation - All Partners
* #80 - Profits per Equity Partner
American Lawyer Media (ALM) is a business-to-business information and intelligence media company that
... Show Full Article
WASHINGTON, April 18 -- Venable, a law firm, issued the following news release:
Venable LLP is pleased to announce that it has been named to American Lawyer magazine's 2024 Am Law 100 list. The annual ranking lists U.S. law firms based on 2023 gross revenue. Venable LLP moved up the list from last year to #64.
The firm also ranked strong in other categories, including:
* #62 - Revenue per Lawyer
* #67 - Profits by Lawyer
* #78 - Compensation - All Partners
* #80 - Profits per Equity Partner
American Lawyer Media (ALM) is a business-to-business information and intelligence media company thatdelivers premium content to professionals in the legal, financial services, benefits, consulting, property and casualty insurance, and real estate industries. Its annual Am Law 100 list is based on data submitted voluntarily by firms and investigated by reporters. Visit the publication's website for more details.
* * *
Venable LLP is an American Lawyer Global 100 law firm headquartered in Washington, DC that serves as primary counsel to a worldwide clientele of large and mid-sized organizations, nonprofits, high-net-worth entrepreneurs, and other individuals. With more than 900 professionals across the country, including in California, Delaware, Florida, Illinois, Maryland, New York, Virginia, and Washington, DC, the firm strategically advances its clients' objectives in the U.S. and around the globe. Venable, which is celebrating its 124th anniversary, advises clients on a broad range of business and regulatory law, legislative affairs, complex litigation, and the full range of intellectual property disciplines. For more information, please visit https://www.venable.com/.
* * *
Original text here: https://www.venable.com/about/news/2024/04/american-lawyer-magazines-top-100-firms
[Category: BizLaw/Legal]
Reimagined Onboard Experience With American Airlines Takes Off With Launch of New Amenities, Elevated Dining and More
FORT WORTH, Texas, April 18 -- American Airlines issued the following news:
American Airlines is heating up the inflight experience ahead of the summer travel season with a wave of premium onboard enhancements to make travel even more enjoyable. Customers will fly in style with a new, reimagined amenity kit series and bedding, and savor new dishes throughout their journey. In the future, customers can anticipate an increasingly elevated experience with the arrival of new Flagship Suite(R) seats.
"We thoughtfully curate each element of the onboard experience so every customer can look forward
... Show Full Article
FORT WORTH, Texas, April 18 -- American Airlines issued the following news:
American Airlines is heating up the inflight experience ahead of the summer travel season with a wave of premium onboard enhancements to make travel even more enjoyable. Customers will fly in style with a new, reimagined amenity kit series and bedding, and savor new dishes throughout their journey. In the future, customers can anticipate an increasingly elevated experience with the arrival of new Flagship Suite(R) seats.
"We thoughtfully curate each element of the onboard experience so every customer can look forwardto the time they spend in flight," said Kim Cisek, American's Vice President of Customer Experience. "Part of the magic of travel is connecting our customers to the people and experiences that matter most to them. We're taking that concept to the skies by introducing a new, dynamic onboard program that's inspired by feedback from our customers and team members."
American worked with a mix of boutique and well-known brands to create a program that will evolve throughout the years and feature rotating kit designs and high-quality skincare products in addition to the new bedding program.
A rotation of stylish new amenities and more
The new program will be on board more than 300 international and transcontinental flights beginning Memorial Day weekend in Flagship(R) First Class, Flagship(R) Business Class and Premium Economy cabins.
American's primary amenity kit will be available yearlong for customers flying in premium cabins. The kit will include staple amenities customers have come to expect while in flight, such as a toothbrush, dental kit, eye mask and earplugs, in addition to new and evolving skincare products and offerings. American will cycle new brands and products within the kits for customers in all premium cabins, creating a unique customer experience several times over, based directly on customer feedback.
American collaborated with beauty retailer Thirteen Lune to curate the skincare offerings, which will feature high-quality beauty brands from Thirteen Lune's tailored collection with wide ranging representation of diverse founders and voices such as Joanna Vargas and Relevant.
Limited-edition kits
In addition to these rotating products within the kits, customers will enjoy limited-edition specialty kits created in collaboration with diverse designers and brands based primarily in the U.S. Through the designs of these specialty kits, American will recognize specific milestones and initiatives that reflect the values and backgrounds of the airline's customers and team members. These limited-edition kits will debut in the months and years ahead.
In fact, the all-new amenity program will launch with a Thirteen Lune specialty kit to introduce customers to the new kit line and the opportunity to start collecting the limited-edition kits. Customers flying in premium cabins will receive the Thirteen Lune kit for the first few weeks of the kickoff to the new program. Customers can then look forward to receiving the primary amenity kit on board throughout the rest of the summer.
Each specialty kit will be available for a limited time on eligible flights in Flagship(R) First Class, Flagship(R) Business Class and Premium Economy. Travelers will be able to learn about each brand and partner featured in the specialty kit by scanning a QR code found within the kit.
Elevated bedding inspired by customer feedback
Customers will travel in elevated comfort with new bedding, pillows and sleepwear that deliver on customer expectations for a restful experience on board. In American's research with customers, travelers shared that 75% prefer dual-sided pillows, with different materials on each side of the pillow. Based on this feedback, customers traveling across Flagship(R) First Class or Flagship(R) Business Class will enjoy a dual-sided pillow with cool touch fabric on one side, and traditional fabric on the other.
Those traveling in Flagship(R) First Class on international flights will continue to enjoy a set of pajamas, based on feedback that 80% of first class customers value having pajamas onboard. In addition, travelers in Flagship(R) Business Class on all international flights will now enjoy slippers onboard, instead of only on ultra long-haul flights.
Customers in all cabins, including Premium Economy and Main Cabin, will enjoy enhanced bedding, with cabin-specific options such as lumbar pillows, throw blankets, premium duvets and fleece blankets -- all developed from premium brands that are leaders in their space.
American collaborated with the inflight textile company John Horsfall to develop bedding made with recycled materials from their Re-Thread(R) collection*.
Nearly all of the pillows, duvets and blankets created for American flights were made with recycled fibers that maintain a premium feel, while filled bedding includes 100% recycled fill. To reduce single-use plastic waste connected to the distribution of pillows and blankets, customers traveling in Flagship(R) First, Flagship(R) Business and Premium Economy will now receive their bedding in a reusable zipper product bag also made with recycled fibers. Using the bag will save 25 tons of plastic waste a year.
New dining menus soar within the U.S. and beyond
While dining on board, customers can embrace the journey with diverse flavors and new menus that are inspired by popular American Airlines destinations worldwide. The offerings feature internationally inspired pastas, salads and more.
Travelers jet-setting to one of American's new summer destinations like Nice, France; Naples, Italy; or Copenhagen, Denmark, will be able to relish delicious offerings like macadamia crusted sea bass with citrus cream sauce, quinoa, toasted orzo, and haricots verts. In addition to these offerings, pan roasted chicken, tortellini pasta and other offerings, including new pre-order options, will continue to roll out this spring for business class on flights from the U.S. to international destinations.
Customers traveling from Europe in business class can choose to indulge in menu items like chili marinated chicken with mojo verde sauce, sweet potato mash, roasted corn and mini chili or gnocchi duet with plain and beetroot gnocchi, lentil ragout, apple chutney, brown butter, roasted spring onion and sliced green onion.
Customers traveling on domestic first class can also discover new offerings on their journey. Travelers can enjoy cuisine such as shawarma seasoned grilled chicken, three cheese sacchetti pasta, chicken enchiladas or a plant based stuffed red pepper. Customers can also choose from new pre-order options, including short rib mac and cheese.
These new options in premium cabins will provide a range of diverse culinary creations and award-winning wines. For AAdvantage(R) members, miles and status can help unlock access to some of these premium inflight experiences.
Suite experience
Beyond the new inflight amenities, bedding and dining options on board this summer, customers can look forward to an even more elevated experience onboard future Boeing 787-9, 777-300 and Airbus A321XLR aircraft, featuring a new interior with the Flagship(R) Suite seat and refreshed seats and amenities across Premium Economy and Main Cabin.
Customers traveling in the Flagship Suite(R) seat will be surrounded by comfort and convenience including wireless charging, Bluetooth capability and multiple storage spaces. With standard features such as lie-flat seats and direct-aisle access, American has modernized the experience by adding privacy doors and the ability to relax in a chaise lounge position, making the Flagship Suite(R) seat a personalized experience in the skies.
Customers looking for even more luxury will be able to further enhance their experience with a distinguished front row experience on new Boeing 787-9 and retrofitted 777-300 aircraft through the Flagship Suite(R) Preferred seat. This seat will offer customers expansive space, several storage areas and exclusive amenities like a Nest Bedding(R) mattress pad, a throw blanket, a memory foam lumbar pillow, Nest Bedding(R) pajamas and an exclusive amenity kit featuring additional skincare products from Thirteen Lune by Joanna Vargas and Relevant.
As these new interiors roll out, customers traveling in Premium Economy will also enjoy new amenities like wireless charging, additional storage space and privacy headrest wings. Customers traveling in Main Cabin will enjoy new 4K seatback screens and new Bluetooth connectivity and AC and USB-A/USB-C charging ports. All customers will be able to browse high-speed Wi-Fi and watch up to 1,500 free entertainment content offerings.
AAdvantage makes travel better
For AAdvantage(R) members, using miles can help unlock access to upgrade into these enhanced premium experiences, including new inflight amenities, sleepwear, bedding and dining options.
Status members may also receive complimentary upgrades, further enhancing their premium travel experience.
The program rewards members for the time they spend with American, and also provides them with rewards and benefits. New in time for summer, members traveling on tickets purchased with miles can now receive upgrade offers to buy into a higher cabin via aa.com or mobile app when traveling within the contiguous U.S.
*Re-Thread(R) products are made with certified materials.
* * *
About American Airlines Group
To Care for People on Life's Journey(R). Shares of American Airlines Group Inc. trade on Nasdaq under the ticker symbol AAL and the company's stock is included in the S&P 500. Learn more about what's happening at American by visiting news.aa.com and connect with American @AmericanAir and at Facebook.com/AmericanAirlines.
* * *
Original text here: https://news.aa.com/news/news-details/2024/Reimagined-onboard-experience-with-American-Airlines-takes-off-with-launch-of-new-amenities-elevated-dining-and-more-MKG-OB-04/default.aspx
[Category: BizAerospace]
Nexstar Media Group to Participate in Upcoming Investor Conferences
IRVING, Texas, April 18 (TNSres) -- Nexstar Media Group, a television broadcasting company, issued the following news release on April 17, 2024:
Nexstar Media Group, Inc. (NASDAQ: NXST) today announced that executive management will participate in two institutional investor conferences in May:
* MoffettNathanson Technology, Media & Telecom Conference
Location: The Hilton Midtown - New York, NY
Date: Tuesday, May 14, 2024
Fireside Chat Presentation: 9:00 a.m. ET
Speaker: Perry A. Sook, Chairman and CEO
* JPMorgan 52nd Annual Global Technology, Media and Communications Conference
Location:
... Show Full Article
IRVING, Texas, April 18 (TNSres) -- Nexstar Media Group, a television broadcasting company, issued the following news release on April 17, 2024:
Nexstar Media Group, Inc. (NASDAQ: NXST) today announced that executive management will participate in two institutional investor conferences in May:
* MoffettNathanson Technology, Media & Telecom Conference
Location: The Hilton Midtown - New York, NY
Date: Tuesday, May 14, 2024
Fireside Chat Presentation: 9:00 a.m. ET
Speaker: Perry A. Sook, Chairman and CEO
* JPMorgan 52nd Annual Global Technology, Media and Communications Conference
Location:The Westin Boston Seaport District - Boston, MA
Date: Monday, May 20, 2024
Fireside Chat Presentation: 1:10 p.m. ET
Speakers: Perry A. Sook, Chairman and CEO
A live webcast and replay of the MoffettNathanson and JPMorgan fireside chats will be available through the "Events and Presentations" section under "Investor Relations" on Nexstar's website at http://www.nexstar.tv.
Please contact your MoffettNathanson and JPMorgan sales representative to register for the conferences and to request meetings with Nexstar management.
* * *
About Nexstar Media Group, Inc.
Nexstar Media Group, Inc. (NASDAQ: NXST) is a leading diversified media company that produces and distributes engaging local and national news, sports and entertainment content across its television and digital platforms, including more than 310,000 hours of programming produced annually by its business units. Nexstar owns America's largest local television broadcasting group comprised of top network affiliates, with over 200 owned or partner stations in 117 U.S. markets reaching 220 million people. Nexstar's national television properties include The CW, America's fifth major broadcast network, NewsNation, America's fastest-growing national cable news network, popular entertainment multicast networks Antenna TV and Rewind TV, and a 31.3% ownership stake in TV Food Network. The Company's portfolio of digital assets, including its local TV station websites, The Hill and NewsNationNow.com, are collectively a Top 10 U.S. digital news and information property. For more information, please visit nexstar.tv.
* * *
Original text here: https://www.nexstar.tv/nexstar-to-participate-in-upcoming-investor-conferences-may-2024/
[Category: BizMedia]
Kirkland Advises Forward Consumer Partners on Acquisition of Firehook Bakery
CHICAGO, Illinois, April 18 -- Kirkland and Ellis, a law firm, issued the following news release:
Kirkland & Ellis advised private investment firm Forward Consumer Partners on the acquisition of artisan baking business Firehook Bakery.
The transaction was announced April 17, 2024. Pierre Abushacra, Firehook's founder, will retain a significant minority ownership stake in the company. Firehook marks the first acquisition from Forward's $425 million Fund I, which was oversubscribed and closed at its hard cap in December 2023.
Read the transaction press release.
The Kirkland team was led by corporate
... Show Full Article
CHICAGO, Illinois, April 18 -- Kirkland and Ellis, a law firm, issued the following news release:
Kirkland & Ellis advised private investment firm Forward Consumer Partners on the acquisition of artisan baking business Firehook Bakery.
The transaction was announced April 17, 2024. Pierre Abushacra, Firehook's founder, will retain a significant minority ownership stake in the company. Firehook marks the first acquisition from Forward's $425 million Fund I, which was oversubscribed and closed at its hard cap in December 2023.
Read the transaction press release.
The Kirkland team was led by corporatepartner Amanda Border and associates Kendahl Mordini, Sydney Hood and Ross Taylor; tax partner Liam Murphy; debt finance partners Kathryn Leonard and Grant Bowen; and technology & IP transactions partner Bernadette Coppola.
* * *
Original text here: https://www.kirkland.com/news/press-release/2024/04/kirkland-advises-forward-consumer-partners-on-acquisition-of-firehook-bakery
[Category: BizLaw/Legal]
Greenberg Traurig Advises GLP on Logistics Property Acquisition in Philippsburg
BERLIN, Germany, April 18 -- Greenberg Traurig, a law firm, issued the following news release:
Global law firm Greenberg Traurig, LLP advised GLP on the acquisition of a logistics property in Philippsburg, in the Karlsruhe metropolitan area, measuring approximately 116,000 square meters, as part of a sale-and-lease-back transaction. The purchase price is confidential.
GLP is a global project developer, owner, and operator of logistics properties, data centers, and systems for renewable energy.
GLP will renovate the property after the current tenant vacates, modernizing it according to sustainability
... Show Full Article
BERLIN, Germany, April 18 -- Greenberg Traurig, a law firm, issued the following news release:
Global law firm Greenberg Traurig, LLP advised GLP on the acquisition of a logistics property in Philippsburg, in the Karlsruhe metropolitan area, measuring approximately 116,000 square meters, as part of a sale-and-lease-back transaction. The purchase price is confidential.
GLP is a global project developer, owner, and operator of logistics properties, data centers, and systems for renewable energy.
GLP will renovate the property after the current tenant vacates, modernizing it according to sustainabilitystandards, transforming it into a logistics and commercial property suitable for third-party use, and offering a flexible space.
Greenberg Traurig advised GLP on both the purchase agreement and the lease agreement, as well as on financing issues.
* * *
Background:
This is the second time GLP has retained Greenberg Traurig in the context of a property acquisition. Greenberg Traurig provided advice to GLP in 2022 regarding the acquisition of a building plot in Rhineland-Palatinate.
* * *
Original text here: https://www.gtlaw.com/en/news/2024/04/press-releases/greenberg-traurig-advises-glp
[Category: BizLaw/Legal]
