Real Estate – International World Of Business

The New Home Company Schedules Earnings Conference Call for the Fiscal 2025 Third Quarter

Press Room Team — Sat, 09 Aug 2025 13:44:12 +0000

IRVINE, Calif.–(BUSINESS WIRE)–The New Home Company today announced that the Company will release its financial results for the fiscal 2025 third quarter on its confidential data site on Thursday, August 14, 2025. The Company will also host a conference call beginning at 8:00 AM Pacific Time (11:00 AM Eastern Time) on Thursday, August 14, 2025 to review the results, discuss recent events and conduct a question-and-answer period.

The earnings release, investor presentation, conference call and webcast will be accessible to certain eligible participants, including holders of the Company’s Senior Notes, as described on the Investors section of the Company’s website at www.newhomeco.com. To participate in the call or webcast, eligible participants must submit a request for access through the Investors section of the Company’s website at least two business days prior to the conference call. To listen to the webcast live, eligible participants may access the link found in the Conference Call Information document on the Confidential Data Site. We recommend accessing the link approximately 15 minutes prior to the scheduled start time in order to register, download and install any necessary audio software. Please have your passcode ready when accessing or dialing into the call. An archive of the webcast will be available to eligible participants for a limited time.

About The New Home Company

New Home Company is a diversified asset-light homebuilder focused on the design, construction, and sale of attainable, consumer-driven, attached and detached single family homes targeting entry level and first time move up buyers within high growth markets in California, Arizona, Oregon, Washington, Colorado, Texas and Florida. For more information, visit www.newhomeco.com.

Contacts

Robert Irwin

Investor Relations

949-382-7838

investorrelations@newhomeco.com

US Commercial Real Estate Remains a Risk Despite Investor Hopes for Soft Landing

Press Room Team — Tue, 30 Jan 2024 00:06:29 +0000

One of the steepest price declines in at least a half century heightens risks to investors and lenders

The commercial real estate sector has been under intense pressure globally as interest rates have risen over the past couple of years. In the United States, with the largest commercial property market in the world, prices have tumbled by 11 percent since the Federal Reserve started raising interest rates in March 2022, erasing the gains of the preceding two years.

Higher borrowing costs tend to dampen commercial property prices directly by making investments in the sector more expensive, but also indirectly by slowing economic activity and reducing the demand for such properties. Nevertheless, the sharp decline in prices during the current US monetary policy tightening cycle is striking. As the Chart of the Week shows, contrary to the current policy cycle, commercial property prices remained generally stable or saw milder losses during past Fed rate hikes. Some of the earlier rate hikes, though, such as in 2004-06, were subsequently followed by a recession during which commercial property prices recorded notable declines as demand fell.

Deep woes

Prices in the US commercial real estate sector have plummeted more in the present monetary policy tightening cycle than in previous episodes.

Part of this divergence in price behavior between the recent and past monetary policy tightening cycles may be attributed to the steep pace of monetary policy tightening this time around, a factor that has contributed to the sharp increase in mortgage rates and commercial mortgage-backed securities spreads. It has also notably slowed private equity fundraising—an important source of financing for the sector in recent years, as noted in our recent Global Financial Stability Report.

Notwithstanding recent declines in US Treasury yields, higher financing costs since the beginning of the tightening cycle and tumbling property prices have resulted in rising losses on commercial real estate loans. Stricter lending standards by US banks have further restricted funding availability. For example, about two-thirds of US banks recently reported a tightening in lending standards for commercial construction and land development loans, up from less than 5 percent early last year.

The effects of tightening financial conditions on commercial property prices over the past two years have been compounded by trends catalyzed by the pandemic, such as teleworking and e-commerce, that have led to a drastically lower demand for office and retail buildings and pushed vacancy rates higher. Indeed, prices have slumped in these segments, and delinquency rates on loans backed by these properties have risen in this cycle of monetary policy tightening.

These challenges are particularly daunting as high volumes of refinancing are coming due. According to the Mortgage Bankers Association, an estimated $1.2 trillion of commercial real estate debt in the United States is maturing in the next two years. Around 25 percent of that is loans to the office and retail segments, most of which is held by banks and commercial mortgage-backed securities.

Prospects for the sector remain challenging, even as Fed officials signal interest rate cuts this year and investors grow more optimistic about a soft landing for the economy. Financial intermediaries and investors with a significant exposure to commercial real estate face heightened asset quality risks. Smaller and regional US banks are particularly vulnerable as they are almost five times more exposed to the sector than larger banks. The risks posed by the commercial property sector are also relevant for other regions, for example, in Europe, as many of the same factors are at play as in the US.

Financial supervisors must continue to be vigilant. Rising delinquencies and defaults in the sector could restrict lending and trigger a vicious cycle of tighter funding conditions, falling commercial property prices, and losses for financial intermediaries with adverse spillovers to the rest of the economy. Ongoing monitoring and management of risks related to the sector will be important to mitigate potential risks to macro-financial stability.

Miami-Dade Mayor Daniella Levine Cava Declares Affordability Crisis, Announces Urgent Solutions

Press Room Team — Fri, 08 Apr 2022 14:28:42 +0000

MIAMI ( April 07, 2022 ) —

On Friday, April 8, Miami-Dade Mayor Daniella Levine Cava will address the affordability crisis in Miami-Dade County with actions her administration is taking to deal with the crisis. The housing market in South Florida has become out of reach for many residents. Rents have increased over 30% in the last year, stifling economic development and placing strains on the ability of local businesses to find and retain workers. The mayor will also announce an executive directive, as well as additional funding for residents experiencing rent hikes.Who:Miami-Dade County Mayor Daniella Levine Cava
Dr. Michael Liu, Director of Public Housing and Community Services
Eulois Cleckley, Director and CEO of Transportation and Public Works
Lourdes M. Gomez, AICP, Director of Regulatory and Economic Resources
Alex Muñoz, Director of Internal Services
Cynthia Everett, Assistant Director of Community Action and Human ServicesWhat:Announcement of affordability crisis
Launch of mayor’s executive directive
Announcement of additional funds for residents that are extremely rent burdenedWhen:April 08, 2022 — 11:00 a.m.Where:Stephen P. Clark Government Center
111 NW 1st Street
29th Floor
Miami, FL 33128

Alexandria Real Estate Equities Expands Strategic Relationship With Moderna for New Facility to Be the Most Sustainable Laboratory Building in Cambridge

Press Room Team — Wed, 06 Oct 2021 18:07:08 +0000

PASADENA, Calif. and CAMBRIDGE, Mass., Sept. 30, 2021 /PRNewswire/- Alexandria Real Estate Equities, Inc. (NYSE: ARE), an urban office REIT and the first, longest-tenured and pioneering owner, operator and developer uniquely focused on collaborative life science, agtech and technology campuses in AAA innovation cluster locations, announced that Moderna has selected Alexandria to develop, operate and construct its new corporate headquarters and core R&D facility, the most leading-edge 462,000 RSF property at 325 Binney Street on the Alexandria Center® at One Kendall Square mega campus. Designed to be the most sustainable laboratory building in Cambridge, this high-performance development is expected to eliminate most of the fossil fuel consumption for building heating and enable the building to operate as a net-zero energy commercial laboratory facility. The building, which is targeting LEED Platinum Core & Shell, LEED Zero Energy and Fitwel certifications, will rely on ultra-efficient mechanical and envelope systems, geothermal energy as its primary heating source and on- and off-site renewable energy. 325 Binney Street’s resilient design proactively addresses climate risk through the incorporation of several innovative resiliency measures to mitigate the potential risks associated with flood precipitation.

325 Binney Street, Cambridge, Greater Boston. Courtesy of Alexandria Real Estate Equities, Inc. (PRNewsfoto/Alexandria Real Estate Equities, Inc.)

“Since 1997, Alexandria has been at the vanguard of Greater Boston’s life science ecosystem. We are very proud to be the pioneer of mission-critical life science real estate and the leading provider of this essential infrastructure in Greater Boston—the top life science cluster in the world—where we have strategically expanded our total asset base to approximately 15 million square feet, uniquely positioning ourselves to meet both the immediate space needs and provide a path to future growth for some of most innovative companies in the world—such as Moderna,” said Joel S. Marcus, executive chairman and founder of Alexandria Real Estate Equities, Inc. and Alexandria Venture Investments. “Moderna is a tremendous example of a highly disruptive, visionary company that has grown with Alexandria. Shortly after Moderna was founded in 2010, we identified the team and the transformative potential of its pioneering mRNA platform, and we have both invested in and provided the company with mission-critical real estate over the past 10 years. Today, as the world has recognized the value of Moderna’s novel science to address current and future healthcare challenges, we are honored to partner and support their unique needs as they scale to achieve their mission to create a new generation of transformative medicines for patients.”

325 Binney Street, Cambridge, Greater Boston. Courtesy of Alexandria Real Estate Equities, Inc. (PRNewsfoto/Alexandria Real Estate Equities, Inc.)

With unprecedented carbon emission reductions and health-promoting attributes, Moderna’s new headquarters will support the company’s growth as it continues to advance its pipeline of mRNA medicines that leverage its paradigm-shifting mRNA technology, the platform behind its COVID-19 vaccine, which received an emergency use authorization from the FDA. According to the U.S. Centers for Disease Control and Prevention, approximately 151 million doses of Moderna’s COVID-19 vaccine have been administered in the United States. The highly sustainable building will integrate leading-edge laboratory and high-end office space with engaging gathering spaces, walking paths and open outdoor areas to foster collaboration and life-changing innovation and enable Moderna to attract and retain the best talent. Construction at the site is underway, and the project is expected to deliver in 2023, when Moderna anticipates beginning a phased move-in process. Additionally, the ideal location at 325 Binney Street enables Moderna to expand in proximity to its manufacturing center in Norwood, Massachusetts, which is also owned and operated by Alexandria.

Learn more about 325 Binney Street’s pioneering and climate-resilient design as well as the Alexandria’s social impact leadership in the company’s 2020 ESG Report, which is available on the Corporate Responsibility page of the company’s website.

About Alexandria Real Estate Equities, Inc.

Alexandria Real Estate Equities, Inc. (NYSE: ARE), an S&P 500® urban office REIT, is the first, longest-tenured and pioneering owner, operator and developer uniquely focused on collaborative life science, agtech and technology campuses in AAA innovation cluster locations, with a total market capitalization of $36.3 billion as of June 30, 2021, and an asset base in North America of 58.1 million SF. The asset base in North America includes 36.7 million RSF of operating properties and 3.4 million RSF of Class A properties undergoing construction, 7.7 million RSF of near-term and intermediate-term development and redevelopment projects and 10.3 million SF of future development projects. Founded in 1994, Alexandria pioneered this niche and has since established a significant market presence in key locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland and Research Triangle. Alexandria has a longstanding and proven track record of developing Class A properties clustered in urban life science, agtech and technology campuses that provide our innovative tenants with highly dynamic and collaborative environments that enhance their ability to successfully recruit and retain world-class talent and inspire productivity, efficiency, creativity and success. Alexandria also provides strategic capital to transformative life science, agtech and technology companies through our venture capital platform. We believe our unique business model and diligent underwriting ensure a high-quality and diverse tenant base that results in higher occupancy levels, longer lease terms, higher rental income, higher returns and greater long-term asset value. For additional information on Alexandria, please visit www.are.com.

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, without limitation, statements regarding Alexandria’s sustainability goals with respect to the 325 Binney Street building, including the goal of achieving net–zero energy consumption; the expected receipt of LEED and Fitwel certifications; the expected continued advance of mRNA technology and the effectiveness of Moderna’s COVID-19 vaccine; and the impact of the new headquarters building on Moderna’s continued growth. These forward-looking statements are based on the Company’s present intent, beliefs or expectations, but forward-looking statements are not guaranteed to occur and may not occur. Actual results may differ materially from those contained in or implied by the Company’s forward-looking statements as a result of a variety of factors, including, without limitation, the risks and uncertainties detailed in its filings with the Securities and Exchange Commission. All forward-looking statements are made as of the date of this press release, and the Company assumes no obligation to update this information. For more discussion relating to risks and uncertainties that could cause actual results to differ materially from those anticipated in the Company’s forward-looking statements, and risks and uncertainties to the Company’s business in general, please refer to the Company’s filings with the Securities and Exchange Commission, including its most recent annual report on Form 10-K and any subsequently filed quarterly reports on Form 10-Q.

Economic forecast shows continued growth in home prices and low interest rates through year end

Press Room Team — Mon, 02 Aug 2021 04:40:52 +0000

According to our 2021 mid-year forecast, despite the major housing supply shortage and historically high house prices across the U.S., the housing market is expected to remain strong through the end of 2021.

Two key factors supporting housing market activity are low interest rates and the recovering labor market.

Whether you’re a homeowner looking to sell or refinance or a renter interested in buying, Freddie Mac’s forecast can provide valuable insights into housing trends — and, most important, your home investment.

Sellers: Home Prices Are Still High, But Demand Is Softening

The current real (inflation-adjusted) home prices are the highest they have been in 131 years of data dating back to 1890, according to data compiled by Nobel Prize winning economist Robert Shiller.
The value of your home is likely to remain high for many months to come, even when consumer prices begin to drop, because of the shortage of available homes on the market. We forecast the growth of home prices to be moderate in 2022.
The pace of home sales is slowing, even though sales remain above pre-pandemic levels. Potential homebuyers are facing fatigue from the seller’s market conditions through the past few months that have resulted in a rapid increase in home prices and high competition.

As a result of the high home prices and softening demand, selling your home may take longer than in the first half of 2021.

Homeowners and Homebuyers: Mortgage Rates Will Remain Low

Interest rates remain low, with the U.S. weekly average 30-year fixed-rate mortgage at 2.78% for the week of July 22, 2021.
We forecast mortgage rates will increase gradually later in the year, but we don’t expect to see a rapid rise. At the end of the year, we forecast the 30-year fixed-rate mortgage will average around 3.4%, rising to 3.8% by the fourth quarter of 2022.

Homeowners, if you haven’t yet, consider whether refinancing this year while mortgage rates are low could benefit you and your financial goals.

Homebuyers, low mortgage rates are providing modest relief in today’s market of strong home appreciation and low inventory.

Realty ONE Group to Open in Spain

Press Room Team — Thu, 10 Jun 2021 11:38:02 +0000

The Country is a Strategic Gateway to Realty ONE Group International’s European Expansion

LAS VEGAS, June, 2021 – Realty ONE Group, a modern, purpose-driven lifestyle brand and ONE of the fastest growing franchisors today, has sold the franchise rights to a new owner in Spain who looks to bring the company’s dynamic COOLTURE, branding, coaching and unique business model to the thriving country.

Istvan Pasku, an established businessman in multiple countries with a record of success as a marketer, entrepreneur and franchisor, has acquired the franchising rights in Spain. Realty ONE Group has been speaking with partners like Pasku for nearly two years as part of the company’s disciplined approach to global growth.

“We couldn’t have found a better, more knowledgeable partner, than Istvan in opening doors in this beautiful country,” said Kuba Jewgieniew, CEO and Founder of Realty ONE Group. “Istvan is hungry to achieve success, is a loving family man, and has a passion for helping others reach their goals just as he has.”

As a serial entrepreneur, Pasku has become a proficient marketer and has launched several successful international businesses. After experiencing a number of real estate property transactions himself, Pasku sees the opportunity to bring a new, more modern and exciting way of doing real estate to Spain.

“We are so happy to give real estate professionals the opportunity to reach their dreams,” said Istvan Pasku. “We truly believe that our success is their success and we are willing to support every member of Realty ONE Group Spain in pursuit of their dreams.”

Realty ONE Group International has heavily invested in its infrastructure to provide extraordinary service and support to existing and future franchise owners, evolving all aspects of its business, preparing to support 100 thousand real estate professionals around the globe. This includes zONE, our proprietary tech platform, as well as ONE University, our proprietary structured coaching programs, ONE Support, our effective and efficient centralized support system, along with marketing, branding, sales and more.

The UNBrokerage, as it’s known in the industry, has more than 16,000 real estate professionals in more than 300 offices in 45 states, Washington D.C. and Canada and just announced it has sold the franchise rights to Singapore.

Learn more at www.OwnAOne.com.

About Realty ONE Group
Founded in 2005, Realty ONE Group is an industry disruptor, radically changing the face of real estate franchising with its unique business model, fun coolture, technology infrastructure and superior support for its real estate professionals. The company has rapidly evolved to include more than 16,000 real estate professionals in over 300+ offices across 45 U.S. states, Washington D.C. and Canada. Realty ONE Group ranks in the top one percent in the nation by REAL Trends, has been recognized by Entrepreneur Magazine as a Top 5 Real Estate Franchise and has been on Inc. 500’s list of the Fastest-Growing Companies for seven consecutive years. Realty ONE Group is surging ahead, opening doors, not only for its clients but for real estate professionals and franchise owners. To learn more, visit www.RealtyONEGroup.com.

The new Commercial Real Estate Executives Report Improved Current Markets and Caution Ahead

Press Room Team — Fri, 04 Jun 2021 15:17:20 +0000

WASHINGTON, June, 2021 – Commercial real estate executives report Q2 market conditions have stabilized since the previous quarter, yet note the future is clouded by concerns about labor shortages, inflationary pressures and the outcome of current policy proposals in Washington, according to The Real Estate Roundtable’s Q2 Economic Sentiment Index released today.

The Real Estate Roundtable President and CEO Jeffrey D. DeBoer (PRNewsFoto/Real Estate Roundtable)

The Roundtable’s Overall Sentiment Index is scored on a scale of 1 to 100 by averaging Current and Future Indices; any result over 50 is viewed as positive. This quarter’s Overall Sentiment registered a score of 77.

The Roundtable’s Q2 Current Sentiment score of 78 is a 34-point increase over Q1, reflecting increased vaccination, a reduction in the number of positive COVID tests, and moves to reopen businesses. The current sentiment score also stands in contrast to the economic environment of one year ago, when the current sentiment score hit 13, an 11-year low.

However, sentiment reported in Q2 about Future Conditions registered a flat score of 75 – only one point more than the previous quarter – reflecting continued concerns about the pandemic’s long-term impacts.

Roundtable President and CEO Jeffrey DeBoer said, “Industry leaders are encouraged by the steady progress of vaccinations, rapidly declining infection rates and businesses reopening, but their ongoing concerns over increasing construction costs, inflationary pressures and labor supply have resulted in a more measured outlook.”

“As the long-term economic repercussions of the pandemic remain unclear, Washington lawmakers should prioritize new policies that encourage continued economic growth over initiatives that could hinder the recovery,” DeBoer added.

The Roundtable’s survey for the Q2 Sentiment Index also shows that eighty-three percent of respondents believe that general market conditions today are “much better or somewhat better” versus one year ago – and that availability of capital remains plentiful compared to one year ago.

The Roundtable’s Q2 Economic Sentiment Index’s Topline Findings include:

An Improvement in Current Market ConditionsRespondents’ views reflect the progress of the national vaccination rollout and improvements in near-term conditions, compared to the economic trough one year ago.
Increasing Values for In-Demand Asset ClassesRespondents report investors are starting to bid up asking prices for in-demand asset classes such as life science and storage.
Steady Capital MarketsMost respondents cited accessible capital market for debt and equity, especially when compared to a far more difficult overall market one year ago.

Data for the Q2 survey was gathered by Chicago-based FPL Associates on The Roundtable’s behalf.

Texas Home Buyers More Diverse and Earning Higher Income National Average Comparison

Press Room Team — Mon, 03 May 2021 18:52:27 +0000

AUSTIN, Texas , May 3, 2021 / PRNewswire-HISPANIC PR WIRE / – According to the Texas Home Buyers and Sellers Report for 2021, released by Texas REALTORS, Texas home buyers are more diverse and perceive Higher income compared to buyers nationwide. The annual report provides detailed insights on the demographics, motivations and opinions of Texas home buyers and sellers who executed a real estate transaction between July 2019 and June 2020. It also presents information related to income levels, ethnicity , ages, and perceptions of the home buying and selling process of Texas real estate consumers.

“The increase in income level is encouraging, as is the broader base of diversity among home buyers,” said Marvin Jolly , 2021 President of Texas REALTORS. “Even with higher income levels, buyers are currently facing one of the most challenging markets in history as the supply of homes for sale is extremely low in most of Texas. “

According to the report, the percentage of homebuyers who identified as Hispanic / Latino was 18%, up from 14% the previous year. In turn, 7% identified themselves as black / African American versus the previous 5% and, in the case of Asian / Pacific Islander people, the figure was 6% versus 4%. White / Caucasian home buyers decreased from 78% to 69% between the two reporting periods.

The majority of Texas home buyers (68%) were married couples, followed by single women (15%), single men (9%), and unmarried couples (6%). The median age of home buyers in Texas was 48, four years younger than the previous year. For its part, the median income of this group was $ 112,500 , exceeding the national average by $ 16,000 . Among all Texas home buyers, 31% purchased a property for the first time, the same number as the previous year.

Jolly added, “While median income continues to rise, median home prices have risen dramatically. As the voice of Texas real estate, it is a priority for Texas REALTORS to continue talking with our real estate leaders and working to ensure that home ownership remains feasible, especially for those looking to acquire a property for the first time. “

Among Texans who sold their homes, the most common motivation for listing their property on the market was to move closer to friends or family, followed by job transfers and wishes for a more spacious home. Sellers lived in their properties for an average of nine years. The median sales price was $ 70,000 higher than what sellers paid for their homes, and the median time properties were on the market was four weeks.

About the Texas Home Buyers and Sellers Report
Data from the 2021 edition of the Texas Home Buyers and Sellers Report is taken from the 2020 Texas Home Buyers and Sellers Profile , published by NAR, which analyzes survey data among Texans who bought or sold a home. between July 2019 and June 2020. Texas REALTORS® distributes information about the Texas housing market throughout the year, including quarterly market statistics, trends among home buyers and sellers, luxury home sales, and international trends among others. To view the full Texas Home Buyers and Sellers Report , visit texasrealestate.com .

About Texas REALTORS®
With more than 140,000 members, Texas REALTORS® is a professional affiliate organization representing all aspects of real estate in Texas . We are the advocates for REALTORS® and private property rights in Texas . Visit texasrealestate.com to learn more.

Ranked SARASOTA 81 out of 25 best Santo Domingo buildings

Press Room Team — Mon, 23 Nov 2020 01:43:16 +0000

The most attractive views of the city and the sea, near the largest park in the city, the Mirador Sur, located in the center within the range of very renowned bilingual and Spanish schools, as well as renowned shopping centers, among various advantages of the area, is housed this building, where modernity meets the location.

“Sarasota 81” is an apartment project located in this sector of Bella Vista, on Sarasota Avenue in the National District, in the best area of Santo Domingo. This project has units of 2 to 3 rooms with service room, including two, three or four parking lots per apartment, depending on the unit in question.

For the convenience of residents, and visitors, it has two next-generation elevators, which you will access from its spacious Lobby, fully furnished in marble.

According to the requirements of these times, the Pedralbes Group, builders of the same, has integrated 24/7 security controlling access, securing perimeters, as well as the common areas of the project, for its tranquility, and its family.

Designed by Body Ignition, it’s the world-class fitness center for residents’ health and wellness, modernly with its iPad Pro for comfort in your individual routines, air conditioning, and updatedly equipped with LifeFitness machines.

Below are relevant details of SARASOTA 81:

View of the sea and the city.
Two next-generation elevators.
Furnished and designed lobby.
Security camera system.
Infinity pool on level 16 with sea view.
Social area with lounge bar, billiards room, futbolin and more.
Terrace with cinema with 100-inch screen and BBQ.
Undisputed first-class termination.

About your Club House:

A spectacular social area of bar and lounge is designed, for private events with the pool located to admire a stunning sea view. The family will also have for their enjoyment and interrelationship, a playground, as well as an incredible terrace with outdoor cinema. Imagine it!

convenient amenities:

Total coverage Power plant.
Fire control systems.
Electric gates.
Common gas and water.

Essentially, in this majestic building on 81 Sarasota Avenue, with access to all its attractions and amenities, to the most attractive views of the city and the sea, depending on the apartment. Two, three or four parking per apartment, depending on the unit. Two next-generation elevators. Large lobby furnished in marble. Professionally designed and decorated. Surveillance camera systems that control the accesses, perimeters and common areas of the project. Pool on level 16 with a stunning sea view, and “the cinema in your home”.

How to be a happy owner of “Sarasota 81”?: Contact PIERRE Diaz-Ballester right now, Partner-Manager of OCEANS DR REALTY at 1(829) 849-4417, Santo Domingo.

You can also contactBUSINESS Goods & Investments and DREALSTATE Investments at (305) 301-9751, and (786) 569-8471 in the United States and anywhere in the world.

These numbers are also on WhatsApp, for their ease, so you can write to them, or via email to info@theballestergroup.biz

IDB launches Innopolis Contest to award urban innovation

Press Room Team — Mon, 12 Oct 2020 05:40:00 +0000

The Cities Network of the Inter-American Development Bank (IDB) today launches the first edition of Innopolis, an urban innovation contest that will reward good practices of governments and local development agencies to face challenges in the cities of Latin America and the Caribbean.

Specifically, the award will recognize ongoing or completed initiatives that have had a significant impact on the urban environment and the quality of life of citizens. The contest will reward initiatives in five thematic areas: COVID-19, economic reactivation and local employment, housing, mobility and connectivity, and urban sustainability and circular economy.

The proposals received will be evaluated by a committee of experts from the IDB Cities Network. The ten finalists will be documented in a series of case studies that will later be published on different IDB outreach channels. The documentation of these cases will be carried out in the context of a personalized workshop for the finalist teams that will be dictated by an academic expert in storytelling of cities.

Finally, the IDB will select three winners from among the ten finalists. The three winning cities will receive formal recognition in March 2021.

Institutions interested in participating must complete a form on the IDB call for proposals page.

The call is open from today until October 30, 2020.

About the IDB

The Inter-American Development Bank is devoted to improving lives. Established in 1959, the IDB is a leading source of long-term financing for economic, social, and institutional development in Latin America and the Caribbean. The IDB also conducts cutting-edge research and provides policy advice, technical assistance, and training to public- and private-sector clients throughout the region.