Press Release
R2 Capital Achieves a 100% Occupied Office Building Despite Market Vacancy Of 25%
Saint John, NB, 31st August 2024, ZEX PR WIRE, R2 Capital is proud to announce that our property in Saint John, 75 Prince William St. a 35,033 sq ft office building has achieved full occupancy. This milestone is a testament to our strong leasing team and their commitment to providing top-tier environments for our tenants.
In the past 12 months, we have successfully renewed and signed new leases for 85% of the building’s occupancy, reflecting a robust confidence in our property. The Weighted Average Lease Term (WALT) now stands at 4.7 years, underscoring the long-term commitment of our tenants. Additionally, we have seen a 21% average increase in lease rates for those who renewed their leases, highlighting the growing value of this prime location.
Spencer Riche, Co-founder of R2 Capital, commented on the achievement: “We are thrilled to see 75 Prince William fully leased. Our team has worked tirelessly to ensure that this building meets the evolving needs of our tenants. We view each tenant as a partner, and our focus is on creating lease agreements that foster the best possible working environment. This approach has led to win-win situations for everyone involved.”
The market for office space in Saint John has been challenging, with a current vacancy rate of 25%, according to a report from Turner Drake. Despite these conditions, 75 Prince William has remained a desirable location for businesses. Our ability to maintain full occupancy in such a competitive market speaks volumes about our team the quality and appeal of our property.
Unlike large institutional investors who focus primarily on markets like Toronto and Vancouver, or smaller investors who may lack the resources to offer high-quality spaces, R2 Capital has found a sweet spot. Our dedicated focus on Saint John allows us to provide a desirable product in a prime location, catering to the unique needs of our tenants.
As we move forward, we remain committed to working closely with our tenants, continually improving the building, and ensuring that 75 Prince William remains the premier choice for businesses in Saint John.
Spencer, also offered his perspective on the long-term outlook for the office sector: “Despite the prevailing negative sentiment around office spaces, we are confident in the long-term potential of this sector. Globally, we’re seeing a shift as employers bring their teams back to the office. The same factors driving the appeal of residential real estate—growing populations, expanding businesses, and limited supply are equally relevant to office spaces. However, unlike residential, a significant portion of existing office inventory is being either demolished or converted into residential units. Additionally, the high costs of construction and achievable market rents make it uneconomical to build new, effectively capping the available spaces. We believe we are still in the early stages of this cycle, but we are confident that our strategy will deliver substantial returns over the long term.”
R2 Capital provides individual investors with access to institutional-grade real estate assets, specializing in necessity-based retail, office and residential real estate; sourcing opportunities both on and off-market across North America.
From acquisition to disposition, R2 Capital oversees the entire investment lifecycle in-house, leveraging top talent in legal, acquisitions, financing, property management, leasing, and other vital areas.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
REVELATIONS Podcast with Serial Entrepreneur Arjun Mishra as a side event of TOKEN2049
[09/20/2024], Dubai — REVELATIONS, a leading podcast about individual stories from the world of digital, presented a special episode as part of the TOKEN2049 conference, one of the world’s largest platforms dedicated to blockchain and cryptocurrencies. The guest of the podcast was Arjun Mishra, serial entrepreneur and founder of Digilion Technologies, Mizzle, and Teledgers.
For the second year in a row, the REVELATIONS podcast is a side event of TOKEN2049 and introduces its viewers to interesting guests who open a new perspective on the world of technology. The podcast guest Arjun Mishra shared his life philosophy, stories of failures and successes, talked about how Digilion Technologies and its product Holografs plan to revolutionise virtual interaction and communication, Teledgers develops unique methods to combat spam and phishing, helping to improve security in the digital space, and Mizzle is preparing to scale in the coming years. You can watch the podcast at the link: https://youtu.be/tRI9i6e78mU
Arjun Mishra is actively involved with the W3C and the SF-Bay Area Chapter of the Internet Society, where I get to contribute to the evolution of blockchain technology. The World Wide Web Consortium (W3C) is an international public-interest non-profit organisation dedicated to developing web standards.
TOKEN2049 continues to be a significant platform for global industry leaders, and REVELATIONS podcast is proud to support this initiative, providing listeners with unique insights and stories from key market participants.
Media contact:
Company Name: JULS
Contact Person: Julia Upiterskaya
E-mail: jukayaku@gmail.com
Website: http://julscorp.com
Country: United Arab Emirates
City: Dubai
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
BlockchainWork – The leading blockchain talent community in Vietnam secures $87.000 Seed Funding
BlockchainWork, a leading blockchain talent community in Vietnam, has successfully closed its seed funding round, raising a total of $87.000 USD, exceeding original plan. This achievement comes amidst a challenging fundraising winter, making the investment even more significant. The funding round saw participation from strategic investors, including entrepreneurs, software engineers, finance professionals, and management experts from Japan.
The raised capital will be invested in developing and expanding Vietnam’s blockchain-web3 talent ecosystem of BlockchainWork. Specifically, BlockchainWork will focus on:
- Scaling High-Quality Talent Pool: Expanding its database of high-quality blockchain-web3 candidates and developing specialized industry reports.
- Strategic Partnerships: Collaborating with educational institutions, associations, enterprises, and investors to create a thriving blockchain-Web3 ecosystem in Vietnam.
- Platform Enhancement: Optimizing the user experience and features on the blockchainwork.net platform to better serve the connection needs of enterprises and candidates in the industry.
Addressing the Billion-Dollar Blockchain Industry’s Talent Shortage
According to a 2024 MarketsandMarkets report, the global blockchain market is projected to grow from $20,1 billion in 2024 to $248,9 billion by 2029, with a CAGR of 65,5%. Vietnam is emerging as a key player in Southeast Asia, boasting a strong tech talent pool, high cryptocurrency adoption rates, and world-class blockchain gaming and fintech projects. However, the rapid growth of the blockchain-web3 industry is hindered by a chronic shortage of skilled professionals. The cost of recruiting and training new talent poses a significant challenge for both startups and established corporations in the industry. Salaries in the blockchain sector are often 1,5 to 3 times higher than the average IT industry, making talent acquisition expensive and scarce, thus limiting the industry’s growth.
BlockchainWork: Pioneering Blockchain Talent Community
Recognizing the inevitable growth trend of blockchain-web3 and the demand for skilled talent, BlockchainWork was founded in 2021 by a visionary team led by CEO Lê Ngọc Mỹ Tiên, leading co-founder Eiji Shioda, co-founder Koichiro Abe, and strategic advisor Phan Trung Hiếu.
BlockchainWork operate a platform called “blockchainwork.net” connecting specialized blockchain-web3 job opportunities for free, offering unique value to both businesses and job seekers:
- For Employers: Optimizing cost-efficiency by accessing a diverse pool of blockchain talents with practical experience, research skills, and international work experience. BlockchainWork also support consulting employer branding and community development for companies and startup in the field.
- For Job Seekers: A one-stop platform to explore exciting career opportunities in the blockchain-web3 industry. Additionally, BlockchainWork provides valuable resources and community support to help individuals stay ahead in this fast-paced environment.
- For the Blockchain-Web3 Community: BlockchainWork provides in-depth information about the blockchain-web3 industry, market trend reports, and fosters community development through events and strategic partnerships with industry leaders.
We have already signed partnerships with over eight Vietnamese educational institutions. From early days, we have also spoken at many blockchain-related events and run the media “insider.blockchainwork.net” that reports on the latest blockchain-related trends.
Vision to Lead the Blockchain Talent Community in Vietnam
This funding round marks a significant milestone for BlockchainWork. With the support of experts and strategic investors, the company is positioning itself as a leading community for developing blockchain-web3 talents in Vietnam.
CEO Lê Ngọc Mỹ Tiên shared, “I believe that an industry can only thrive when its people thrive. It’s only in this era that we witness the convergence of two critical factors: the rapid development of the blockchain-web3 industry and the abundance of young tech talent in Vietnam and Southeast Asia. Blockchain and Web3 are still in their infancy. Early birds will catch the best sunrise. With a focus on building a comprehensive database of blockchain-web3 talent, providing quality connection solutions, and fostering a mutually supportive community, BlockchainWork is committed to promoting practical applications and shaping the future of the blockchain-web3 industry in Vietnam and beyond.”
Contact:
Website: https://blockchainwork.net/
Blockchain-web3 industry portal: https://insider.blockchainwork.net/
PR Cooperation: contact@blockchainwork.net
Investment Inquiries: investment@blockchainwork.net
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Pulsarlube USA Inc., a leading provider of advanced lubrication solutions for industrial rotating equipment, bearings, and electric motors, is pleased to announce its participation in the 2024 MINExpo. This premier mining exhibition will take place at the Las Vegas Convention Center from September 24-26, 2024.
As a prominent name in the industry for over 25 years, Pulsarlube USA Inc.will exhibit at the MINExpo 2024, West hall, Booth 11367 at the world’s largest mining exhibition. MINExpo, held every four years, is renowned for showcasing cutting-edge innovations in mining technology and equipment.
The mining industry, a cornerstone of industrial development, continues to evolve with advancements in machinery and technology. Effective lubrication is pivotal for maintaining the efficiency and longevity of mining equipment, which is often subjected to extreme conditions.
This year, Pulsarlube will present its latest innovations, including Bluetooth-enabled lubricators designed to enhance safety and efficiency in hazardous environments. These advanced lubricators offer:
- Safety: Automatic lubrication eliminates the need for manual application, reducing the risk of accidents and improving safety for workers in difficult-to-reach areas.
- Cost Efficiency and Durability: By ensuring timely and accurate lubrication, Pulsarlube’s solutions help extend equipment life, maintain optimal performance, and minimize the need for costly repairs.
- Convenience: The industry’s first Bluetooth-enabled lubricator integrates with a mobile app, supports up to 8 lube points from a single self-powered unit, and offers a maximum pressure capacity of 850 psi, delivering precise lubrication to a variety of equipment.
A Pulsarlube representative stated, “We are eager to showcase our advanced lubrication solutions at MINExpo 2024. This event provides an excellent opportunity for attendees to experience our products firsthand and discover how we can support their industrial needs.”
Join Pulsarlube at Booth 11367 to explore innovative solutions designed to enhance the efficiency and safety of your mining operations. We look forward to meeting you in Las Vegas!
Company name: Pulsarlube USA, Inc.
Name: Sunny Yang
Email: info@pulsarlube.com
Division: International Sales HQ.
Address: 1480 Howard Street, Elk Grove Village, IL 60007, USA
Phone: +1 (847) 593-5300
Website: : www.pulsarlube.com
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
REVELATIONS Podcast with Serial Entrepreneur Arjun Mishra as a side event of TOKEN2049
BlockchainWork – The leading blockchain talent community in Vietnam secures $87.000 Seed Funding
Pulsarlube USA Will Showcase Advanced Lubrication Solutions at MINExpo 2024
Africa Is The New Site Of Media Confrontation: Daily Post Nigeria Assesses the Situation
Real Street Capital Appoints Gregory Stula as Chairman of the Board
Seaco-online.com Sets Sail with E-Commerce Revamp Poised to Elevate Singapore’s Seafood Shopping Experience
-
Press Release6 days ago
AI Revolution in Finance: NYC FinTech Forum Highlights Industry’s Tech-Driven Future
-
Press Release1 week ago
TapHero Launches Video Appointment Monetization App for Service Businesses
-
Press Release6 days ago
Successful “DeSci Seoul 2024 Conference” Hosted by Hippocrat and ResearchHub Paves the Way for the Future of Decentralized Science
-
Press Release6 days ago
Valley Fresh Carpet Cleaning in Chilliwack BC Proudly Launches New Website ValleyFreshCarpets.com
-
Press Release7 days ago
Chronicle Adds Euler, Mantle, Nethermind, and ETH Global to its Decentralized Oracle Network, Enhancing Security and Resilience
-
Press Release6 days ago
KORBLE is Revolutionizing Greetings with Innovative NFC-Embedded Smart Greeting Cards
-
Press Release6 days ago
MFEV Presale Starts Now: Last Chance to Join Before the Public Round
-
Press Release6 days ago
Why Dinexu is the Go-To Organization for Instant, Hassle-Free Loans in Croatia and Serbia