Day: September 14, 2021

NEW YORK, Sept. 14, 2021 (GLOBE NEWSWIRE) — Madison Realty Capital, a vertically integrated real estate private equity firm focused on debt and equity investment strategies, today announced it has provided a $450 million loan to The Rabsky Group, one of the largest residential and commercial developers in Brooklyn and Queens, to complete development of a 1,098-unit, 35-story multifamily and retail mixed-use property at 625-635 Fulton Street at the intersection of Flatbush Avenue in Downtown Brooklyn, New York.

Josh Zegen, Managing Principal and Co-Founder of Madison Realty Capital, said, “This transaction represents Madison Realty Capital’s ability to deliver speed, certainty, and execution to top-tier borrowers in highly attractive submarkets. Accordingly, we are pleased to provide The Rabsky Group, a highly sophisticated and experienced developer with significant holdings throughout the New York metropolitan area, with a large and flexible financing solution. Downtown Brooklyn is an ever-expanding neighborhood and new multifamily housing options, particularly of this caliber, will be quickly absorbed. We are glad to support a property under development that will offer significant affordable housing options and look forward to expanding our relationship with The Rabsky Group for additional projects that positively impact New York City.”

Brooklyn is New York City’s most populous borough and is home to one of the most diverse economies in the country. Proximity to major employment hubs and education centers have made Downtown Brooklyn one of New York’s fastest growing residential markets. Moreover, Downtown Brooklyn has also become a technology and innovation hub and is home to 25 percent of New York City-based tech firms. The property is located within the Brooklyn Tech Triangle, an area comprised of Downtown Brooklyn, DUMBO, and the Brooklyn Navy Yard that has emerged as New York City’s largest cluster of tech activity outside of Manhattan and is within two blocks of ten different subway lines.

Designed with two interconnected residential towers atop a five-story podium, the property will offer 590,096 rentable residential square feet across 342 studios, 492 one-bedroom and 264 two-bedroom units and 30% of the units will be affordable through the Affordable New York program. A portion of the affordable units will be part of the Inclusionary Housing Program for lower income tenants. Residents will enjoy top-of-the-line amenities including a fitness facility, spa, recreation areas, in-unit washers and dryers, lounges, and a rooftop outdoor pool with views of Manhattan and Brooklyn. In addition to best-in-class residential units the property will have 25,988 rentable square feet of retail space along Fulton Street, 250 parking spaces and 150 storage units.

The Rabsky Group is led by Simon Dushinsky, Yadler Rabinowitz, and Joel Gluck, who also contributed significant cash equity for the construction.

Henry Bodek of Galaxy Capital served as broker for the transaction.

About Madison Realty Capital 

Madison Realty Capital is a vertically integrated real estate private equity firm that manages approximately $6 billion in total assets on behalf of an institutional global investor base. Since 2004, Madison Realty Capital has completed more than $15 billion in transactions in the U.S. providing reputable borrowers with flexible and highly customized financing solutions, strong underwriting capabilities, and certainty of execution. Headquartered in New York City, with offices in Los Angeles and Miami, the firm has over 60 employees across all real estate investment, development, and property management disciplines. Madison Realty Capital has been frequently named to the Commercial Observer’s prestigious “Power 100” list of New York City real estate players and is consistently cited as a top construction lender, among other industry recognitions. To learn more, follow us on LinkedIn and visit www.madisonrealtycapital.com.

Nathaniel Garnick/Grace Cartwright
Gasthalter & Co.
(212) 257-4170
madisonrealty@gasthalter.com

The exclusive relationship allows Intelex customers to manage the full life cycle of their ESG strategy, including Materiality Analysis and Risk Identification.

Toronto, Canada, Sept. 14, 2021 (GLOBE NEWSWIRE) — Intelex Technologies, ULC, a leading global provider of cloud-based Environmental, Health, Safety and Quality (EHSQ) management software, today announced it has entered an exclusive reseller partnership with Datamaran®, the only automated solution available to achieve a data-driven business process for external risk and materiality analysis. Working together, Datamaran and Intelex are helping customers accelerate their strategic and operational goals with a single source, fully automated and data-driven process.

Justin McElhattan, President and CEO of Intelex said, “We are very excited to partner with Datamaran to provide our customers with Datamaran’s industry-leading risk monitoring and materiality intelligence. Alongside Datamaran, we are able to offer our customers a superb experience that allows them to accelerate their ESG transformation by applying best-in-class data science and analytics.”

With this exclusive reseller partnership, Intelex customers will use Datamaran to identify, monitor and gain insights into emerging business and social issues with a dynamic risk and materiality process. The partnership provides organizations with unique risk monitoring and materiality capabilities, including Datamaran for Executives, a comprehensive solution to ensure that the most complete set of material risks are accurately captured for risk management, transparently communicated in annual disclosures and consistently reported up to the board of directors.

Mirroring Intelex’s own approach to providing scalable solutions that match customer ESG requirements, the Datamaran partnership offers customers the flexibility they need to achieve their strategic objectives. With Intelex and Datamaran together, organizations can seamlessly manage and monitor their ESG initiatives, reporting and strategy.

Companies worldwide use Datamaran’s evidence-based approach to inform their materiality, risk management, board oversight and reporting processes. This approach allows them to stay ahead of the curve, in front of the competition and at the top of their game. For an actual use case, you don’t have to look farther than Intelex parent company Fortive.

Pete Underwood, SVP and General Counsel of Fortive explains: “Datamaran continually anticipates and meets our needs, as our ESG and risk management processes evolve and mature. The platform enables a clear view of business-critical issues across the ever-changing landscape.”

With Datamaran and Intelex, senior management communicate timely and relevant information to the board of directors, move materiality from an operational exercise to a strategic process and monitor emerging trends. Using AI, Datamaran’s patented technology identifies and monitors over 400 external risk factors—including ESG, innovation and technology and geopolitical issues—on an ongoing basis by scanning the regulatory, media and corporate disclosure environments. It is the only software analytics platform available to improve risk management, annual reporting and board oversight of external risks and opportunities.

“For the past seven years, blue-chip companies have chosen Datamaran to seriously improve the way in which they go about ESG,” said Marjella Lecourt-Alma, CEO and co-founder of Datamaran. “With Intelex, we’re excited to reach an even larger group of companies. As a software provider with deep expertise in EHS, Intelex understands that ESG is now dominating the corporate market. Our full-suite ESG software solution enables companies to quickly move sustainability from project to process.”

About Datamaran: Datamaran is the only software analytics platform in the world that identifies and monitors external risks, including ESG. Trusted by blue-chip companies and top tier partners, it brings a data-driven business process for external risk and materiality analysis. In house—at any time. Datamaran’s patented technology offers real-time analytics on strategic, regulatory and reputational risks, specific to your business and value chain.

About Intelex Technologies, ULC: Intelex is a global leader in environmental, health, safety and quality (EHSQ) management software. Since 1992, Intelex employees across the globe have been committed to innovating and enabling organizations to send their employees home safely every day, leaving behind a more sustainable world to the generations that follow, and manage quality so that only the safest and highest quality products make it to market.

Intelex’s scalable, web-based platform and applications have helped clients across all industries improve business performance, mitigate organization-wide risk, and ensure sustained compliance with internationally accepted standards (e.g. ISO 9001, ISO 14001, ISO 45001) and OSHAS 18001) and regulatory requirements. Almost 1,400 customers in 195 countries trust Intelex to power their EHSQ initiatives.

Headquartered in Toronto with regional offices and employees around the world, Intelex became an Industrial Scientific company in 2019. In 2020, Intelex acquired ehsAI, provider of a SaaS-based next-wave compliance automation solution that leverages artificial intelligence and machine learning algorithms. For more information about Intelex, visit www.intelex.com.

Sandy Smith
Intelex Technologies, ULC
216-375-0484
sandy.smith@intelex.com

Anaqua’s AQX platform to provide patent and trademark management with integrated IP analytics

BOSTON, Sept. 14, 2021 (GLOBE NEWSWIRE) — Anaqua, the leading innovation and intellectual property management technology provider, today announced that Bausch Health Companies Inc. has selected Anaqua’s AQX platform to deliver enhanced IP management across the health care products company’s global operations.

Bausch Health will be using Anaqua’s AQX as their primary IP management system – both for patent and trademark management – replacing their previous IP services provider. Bausch Health will take advantage of Anaqua’s broad range of IP offerings including AcclaimIP for patent analytics, Anaqua Services for patent annuities and trademark renewals, as well as AQX modules for IP contract and financial management.

Commented Bob Romeo, CEO of Anaqua: “Bausch Health is an innovative health care company delivering on its commitment to help people around the world. We are proud to be working with them and to better serve their valuable IP assets through Anaqua’s enhanced innovation and IP management solutions.”

About Anaqua
Anaqua, Inc. is a premium provider of integrated intellectual property (IP) management technology solutions and services. Anaqua’s AQX platform combines best practice workflows with big data analytics and tech-enabled services to create an intelligent environment designed to inform IP strategy, enable IP decision-making, and streamline IP operations. Today, nearly half of the top 100 U.S. patent filers and global brands, as well as a growing number of law firms worldwide use Anaqua’s solutions. Over one million IP executives, attorneys, paralegals, administrators, and innovators use the platform for their IP management needs. The company’s global operations are headquartered in Boston, with offices across the U.S., Europe, and Asia. For additional information, please visit anaqua.com, or on LinkedIn.