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Allianz Acquires $384 Million Stake in New York’s Iconic 30 Hudson Yards Office Building

Business Wire



Reading Time: 4 minutes

MUNICH & NEW YORK–(BUSINESS WIRE)–Allianz has invested $384 million for a 49 percent interest in an office
condominium in New York’s iconic 30 Hudson Yards office building.
Allianz has entered into a sale-leaseback agreement as part of a
consortium alongside Related Companies and a third-party investor, who
have acquired the remainder of the office condominium.

The acquisition, which has been completed by Allianz Real Estate on
behalf of several Allianz group insurance companies, follows the
purchase of a 44 percent stake in 10 Hudson Yards, the first tower
completed in the Hudson Yards development on Manhattan’s West Side, in
mid-2016 for $420 million. The 30 Hudson Yards transaction will make New
York the fifth most significant city for Allianz Real Estate, globally,
in terms of total exposure.

The condominium in 30 Hudson Yards consists of 1,463,234 gross square
feet across 26 floors. The 2.6 million square foot tower is the
second-tallest office building in New York and home to the highest
outdoor observation deck in the city. The 90-story, LEED CS
Gold-certified building stands 1,296 feet tall and features
river-to-river panoramic views, outdoor terraces, a triple-height lobby
with a dramatic art installation by Jaume Plensa, direct access to
restaurants and retailers and a concourse connection to the new Number 7
Subway Station.

The acquisition of the condominium interest in 30 Hudson Yards is the
latest high-quality purchase by Allianz in the U.S. in cooperation with
best-in-class partners. In 2018, Allianz Real Estate deployed $728
million in new equity transactions in the U.S., including the historic
Ferry Building in San Francisco, 53 State Street in Boston and the
Terminal Stores in New York City. At year-end, U.S. assets under
management totaled a record $18 billion, including both equity and debt.

“We are delighted to announce this latest transaction in our key New
York market, a deal that highlights our focus on prime assets and our
commitment to working with exceptional partners such as Related, a
market leader in environmentally conscious real estate development and
operations. 30 Hudson Yards is a highly attractive investment
opportunity on a long-term view, underpinned by a prime tenant and the
very highest environmental and technical standards,”
said Christoph
Donner, CEO, Allianz Real Estate of America.

“The U.S. continues to play an active, central role in our global
diversification strategy, with our focus firmly on tier 1 cities such as
New York, Boston and San Francisco. 30 Hudson Yards is a landmark asset
in a city of iconic buildings, and we are truly delighted to seize this
chance to further grow our U.S. equity portfolio on behalf of Allianz
group insurances companies,”
said François Trausch, CEO, Allianz
Real Estate. “We will continue to seek out additional opportunities.”

About Allianz
The Allianz Group is one of the world’s
leading insurers and asset managers with more than 92 million retail and
corporate customers. Allianz customers benefit from a broad range of
personal and corporate insurance services, ranging from property, life
and health insurance to assistance services to credit insurance and
global business insurance. Allianz is one of the world’s largest
investors, managing around $755 billion on behalf of its insurance
customers. Furthermore, our asset managers PIMCO and Allianz Global
Investors manage more than $1.5 trillion of third-party assets. Thanks
to our systematic integration of ecological and social criteria in our
business processes and investment decisions, we hold the leading
position for insurers in the Dow Jones Sustainability Index. In 2018,
over 142,000 employees in more than 80 countries achieved total revenues
of $147 billion and an operating profit of $12.9 billion for the group.

About Allianz Real Estate
Allianz Real Estate is the
strategic real estate organization within the Allianz Group and a
leading international real estate investment and asset manager. Allianz
Real Estate develops and executes worldwide tailored portfolio and
investment strategies on behalf of the Allianz companies, considering
direct as well as indirect investments and real estate loans. The
operational management of investments and assets is currently performed
in 5 regions, West Europe (Belgium, France, Italy, Luxembourg, Portugal,
Spain), North & Central Europe (Austria, CEE, Germany, Ireland,
Nordics), Switzerland, USA and Asia Pacific. The headquarters of Allianz
Real Estate are located in Munich and Paris. Allianz Real Estate has
approximately $71.2 billion assets under management.

Please note: Allianz Real Estate, 31/12/18 up to 30/06/18, data
published included all commercial equity and debt real estate
investments of the Allianz Group. With effect from 31/12/18, AUM aligned
to Allianz Real Estate includes the portfolio overseen by Allianz Real
Estate GMBH and its affiliates and excludes those managed by other parts
of the Allianz Group.

These assessments are, as always, subject to the disclaimer provided

Cautionary note regarding forward-looking statements
document includes forward-looking statements, such as prospects or
expectations, that are based on management’s current views and
assumptions and subject to known and unknown risks and uncertainties.
Actual results, performance figures or events may differ significantly
from those expressed or implied in such forward-looking statements.
Deviations may arise due to changes in factors including, but not
limited to, the following: (i) the general economic and competitive
situation in the Allianz Group’s core business and core markets, (ii)
the performance of financial markets (in particular market volatility,
liquidity and credit events), (iii) the frequency and severity of
insured loss events, including those resulting from natural
catastrophes, and the development of loss expenses, (iv) mortality and
morbidity levels and trends, (v) persistency levels, (vi) particularly
in the banking business, the extent of credit defaults, (vii) interest
rate levels, (viii) currency exchange rates, most notably the EUR/USD
exchange rate, (ix) changes in laws and regulations, including tax
regulations, (x) the impact of acquisitions including and related
integration issues and reorganization measures and (xi) the general
competitive conditions that, in each individual case, apply at a local,
regional, national and/or global level. Many of these changes can be
exacerbated by terrorist activities.

No duty to update
The Allianz Group assumes no obligation to
update any information or forward-looking statement contained herein,
save for any information we are required to disclose by law.

The figures regarding the net assets, financial
position and results of operations have been prepared in conformity with
International Financial Reporting Standards. Information is based on
preliminary figures. Final results for fiscal year 2018 was released on
March 8, 2019 (publication of the Annual Report).

This is a translation of the German Quarterly and Full Year Earnings
Release of the Allianz Group. In case of any divergences, the German
original is binding.

Privacy note
Allianz SE is committed to protecting your
personal data. Find out more in our Privacy


Allianz enquiries:

Allianz Real Estate
Roland Deger
+49 89 3800 8234
172 73 300 23

Phillip Lee
+49 89 3800 18503

Citigate Dewe Rogerson (UK)
Oliver Parry / Hugh Fasken
(0) 20 7025 6477

Padilla (U.S.)
David Heinsch
O: 612 455 1768 / M: 612
802 9024

James Walker
O: 612 455 1749 / M: 651 230 7401

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Business Wire

John Warren Sells Stake in Lima One Capital

Business Wire



Reading Time: 4 minutes

GREENVILLE, S.C.–(BUSINESS WIRE)–John Warren, founder and chairman of Greenville-based Lima One Capital, has sold his majority ownership stake in the company to current minority partners. Warren founded Lima One in 2011 and has grown the company to more than 300 full and part-time employees around the country.

Under Warren’s leadership at Lima One, the company doubled in growth for four straight years and grew its headquarters in Greenville to more than 160 full-time employees.

“It has been a true honor to lead Lima One Capital. This company is filled with incredible men and women who work hard every day to serve our customers. While it is bittersweet to leave the company, I am proud of everything we have accomplished from right here in Greenville. Lima One has a very bright future ahead of it,” Warren said.

Lima One Capital’s headquarters and leadership team will remain in Greenville. All current jobs located in Greenville will remain in the city.

“Lima One has been a critical part of Greenville’s success over the past ten years. When leaders like John choose to build their headquarters right here in Greenville, it shows other business leaders the benefits of locating their companies in the Upstate,” said Knox White, mayor of Greenville.

Lima One’s CEO Jeff Tennyson, who joined the company in 2018 when Warren ran for governor of South Carolina, said, “While we will miss John day-to-day and the meaningful impact he has had on Lima One’s success, our management team remains fully in place, and we’re well positioned to continue our growth and success. The FixNFlip and rental investor markets continue to expand, and with our innovative products, strong customer experience and great people here in Greenville, Lima One has a terrific future ahead as a national lender.”

In 2014, Lima One was recognized as the Fastest Growing Company in South Carolina and was named as one of the Best Places to Work in South Carolina in 2016. Lima One has raised billions of dollars from institutional investors and is on pace to originate $1.25 billion in 2019.

“It is hard to overstate the positive impact Lima One has had on Greenville and the Upstate. Over the past ten years, Lima One has brought high-quality, high-paying jobs to the city and improved our entire city’s quality of life,” said John Uprichard, founder and CEO of Find Great People, an executive search firm and staffing company based in Greenville. “Lima One and John Warren have been great for our city and our region.”

For the opportunity to interview John Warren, contact Jeff Dezen at or phone 864.233.3776, ext. 11.

About John Warren

Born and raised in Greenville, South Carolina, John Warren is a successful entrepreneur, businessman, and community leader. Warren is the founder and former chairman and CEO of Lima One Capital, a specialty mortgage finance company that is one of the largest lenders for residential real estate investors and homebuilders in the country. Prior to founding Lima One, Warren served in the Marine Corps as an infantry officer and deployed twice. Warren and his wife Courtney live with their three children in Greenville. Full biography attached.

About Lima One

Headquartered in Greenville, S.C., Lima One Capital is a specialty mortgage finance company, founded by Marines, that specializes in providing customized real estate loans to real estate investors across the nation. Lima One’s core loan products are Rental30, a 30-year, fixed-rate, fully-amortizing loan for purchasing or refinancing residential rental properties; FixNFlip, a 13-month bridge loan for investors who are buying, renovating, and selling properties; and a Multifamily bridge program for the purchase or refinance of 5+ unit multifamily properties. For more information, visit or contact Robert Neely, Director of Marketing, at 864-248-6066.


Born and raised in Greenville, South Carolina, John Warren is a successful entrepreneur, businessman, and community leader. Warren is the founder and former chairman and CEO of Lima One Capital, a specialty mortgage finance company that is one of the largest lenders for residential real estate investors and homebuilders in the country. Lima One has been recognized as the Fastest Growing Company, one of the Best Places to Work, and the Most Ethical Company in South Carolina. While at Lima One, Warren was also a principal in the largest bulk sale of single-family homes in the country, selling over 1,400 rental properties in Atlanta to Blackstone Group LP (BX) for more than $100M.

Prior to founding Lima One, John served four years on active duty as an infantry officer in the United States Marine Corps. In March of 2006, he deployed with 3rd Battalion, 8th Marines to Ramadi, Iraq where he spent seven months conducting combat operations against insurgent forces. While deployed, he was decorated for “valor” and “heroic achievement” as he “led a counter attack against insurgents attacking Observation Post Virginia.” In total, he led over 300 combat missions and left the Marine Corps with the rank of captain. He speaks regularly on foreign policy, leadership, and entrepreneurship.

In 2018, Warren ran for governor of South Carolina, reaching the runoff in the Republican primary. He ran a positive, solutions-oriented campaign that focused on limited government, reforming broken government systems, and empowering taxpayers.

Warren graduated from Washington and Lee University and later earned a Master of Business Administration from New York University’s Stern School of Business. Warren’s civic involvement includes active membership in Young President’s Organization (YPO). He lives in Greenville with his wife Courtney and three children and is a member of Downtown Presbyterian Church.


Jeff Dezen
864.233.3776, ext. 11

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Business Wire

AM Best’s Zurich Market Briefing to Focus on State of Global Reinsurance Industry

Business Wire



Reading Time: 1 minute

LONDON–(BUSINESS WIRE)–AM Best will host a Reinsurance Market Briefing on Wednesday, 18 September 2019, at the FIFA World Football Museum in Zurich from 10:30 a.m. to 1 p.m. (CEST).

The event will provide a platform for leading AM Best rating analysts to discuss the global reinsurance sector, as well as offer opinions on the drivers of future rating movements among reinsurers. The analysts also will explore the top issues primary companies in Switzerland and across Europe are facing that could have an impact on the reinsurance market. Nick Charteris-Black, managing director, market development – EMEA, Carlos Wong-Fupuy, senior director, and Catherine Thomas, senior director, analytics, will offer their insights at the event. Question and answer sessions are planned, and lunch will be provided. The briefing also will serve as a networking opportunity for attendees.

For more information, and to register for the complimentary event, please visit

AM Best publishes ratings on thousands of insurers and reinsurers in more than 90 countries worldwide. More information about Best’s Credit Ratings and the rating process can be found at AM Best also recently published its special report on the global reinsurance sector. To access a copy of this special report, please visit:

AM Best is a trusted source of insurance market insight and data, and the only global credit rating agency with a unique focus on the insurance industry. Best’s Credit Ratings are a recognized indicator of insurer financial strength and creditworthiness. Visit for more information.

Copyright © 2019 by A.M. Best Company, Inc. and/or its affiliates.



Edem Kuenyehia
Director, Market Development
& Communications
+44 20 7397 0280

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Business Wire

Federman & Sherwood Announces Filing of Securities Class Action Lawsuit Against ViewRay, Inc.

Business Wire



Reading Time: 1 minute

OKLAHOMA CITY–(BUSINESS WIRE)–#ClassAction–Federman & Sherwood announces that on September 13, 2019, a class action lawsuit was filed in the United States District Court for the Northern District of Ohio against ViewRay, Inc. (NASDAQ: VRAY). The complaint alleges violations of federal securities laws, Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, including allegations of issuing a series of material or false misrepresentations to the market which had the effect of artificially inflating the market price during the Class Period, which is March 15, 2019 through August 8, 2019.

To learn how to participate in this action, please visit

Plaintiff seeks to recover damages on behalf of all ViewRay, Inc. shareholders who purchased common stock during the Class Period and are therefore a member of the Class as described above. You may move the Court no later than Tuesday, November 12, 2019 to serve as a lead plaintiff for the entire Class. However, in order to do so, you must meet certain legal requirements pursuant to the Private Securities Litigation Reform Act of 1995.

If you wish to discuss this action, obtain further information and participate in this or any other securities litigation, or should you have any questions or concerns regarding this notice or preservation of your rights, please contact:

Robin Hester


10205 North Pennsylvania Avenue

Oklahoma City, OK 73120

Email to:
Or, visit the firm’s website at


Robin Hester

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