Johnny Casana: Building a Grid Bigger than the Weather

Meet Mr. Johnny Casana, a true leader in the renewable energy business with a clear vision for a clean grid. He directs North American strategy for Pattern Energy and knows there is a straightforward two-step process to solve climate change: clean the grid and electrify everything. “We have the tools, we have the technology, we have the time,” he said. “It’s actually such an exciting moment to be in this business-wind and solar are now the least-cost power that the world has ever known, electric transmission is nearly everywhere already, and the gaps can be connected. The grid can be big, it can be clean.”

Mr. Casana is an internationally recognized expert in wind, solar, & transmission development, and is especially known for his role in electricity market reforms that the grid needs in order to rise to the challenge of decarbonization. Since his transition to the private sector from anthropology, Mr. Casana has been a dynamic force in the clean energy industry.

Presently Mr. Casana serves on the leadership team of Pattern Energy, the largest independent renewable energy company founded and headquartered in the United States. As a powerful driver of energy policy at the national level and as the Chair of State Policy for the national clean energy trade group, he has represented the business voice of real climate solutions on several industry boards. He has also lent his experience and expertise to multiple international delegations on business and climate, including a trade mission hosted by the President of Mexico, a Vatican Executive Summit convened by Pope Francis, and the United Nations Climate Conference in Paris, where countries across the planet signed the historic Paris Accords. Mr. Casana knows that renewables can do the job, which is an incredible industrial story of technological innovation, corporate ingenuity, strong supportive policies, and the entrepreneurial spirits of companies like Pattern Energy. He believes the power switch from a combustion grid to the ones run by the weather is much cheaper, better, and more reliable than the outdated, expensive systems built centuries ago. “We can build a 21st Century grid,” he said. “We can source our power from the sky instead of the ground. We can survive; we can thrive. To affordably and reliably run our grid, our society, our entire economy on the abundance of the weather, we really just need a grid that is bigger than the weather.”

The Steadfast leader

With his impeccable track record of commercial success in renewable energy and a hand in developing and constructing over 2,500 megawatts of wind and solar energy projects in the U.S., Canada, and Central America, Mr. Casana is entirely committed to his vision of a clean grid. Over the years, he has built numerous wind, solar, storage, and transmission projects that now provide clean, zero-emission electricity to more than 55 million end-use customers daily.

After proving himself as a wind and solar project developer, Mr. Casana moved into political and regulatory affairs, helping to lead government relations for Pattern Energy and building coalitions with a myriad of stakeholders and state and local governments to design and pass some of the most critical, outcome-oriented and business-friendly climate policies in the world. Back in 2018, he provided lead testimony for the most important 100% Clean Energy state legislation in the U.S., the California law SB100, and within two years he successfully helped to pass similar state laws throughout the West, to such a point where the U.S. Western electricity grid is more than 80% aligned on clean energy goals. “The challenge is now less technical, and less political, and almost entirely in implementation, on excellence in execution, and that is precisely where Pattern Energy thrives.”

Building the Largest Wind Project in the U.S. History

Pattern Energy has a reputation for achieving the impossible, taking on the most challenging projects, finding solutions & partners, and getting them done. Mr. Casana played an instrumental role in one of Pattern Energy’s most recent success stories, Western Spirit Wind, the largest clean power project in the history of the U.S. With Mr. Casana as the head of State and Local Government Affairs, this interregional wind and transmission concept was an innovative collaboration between Pattern Energy, the State Government of New Mexico, and the municipal governments of San Jose, and the City of Los Angeles. Even bigger than a nuclear plant, Western Spirit Wind provides more than a gigawatt of the country’s greatest renewable resources to California, one of world’s largest energy markets. The wind from Western Spirit is now delivered across a combination of new transmission lines built by Pattern Energy, and old revitalized transmission lines that were originally built by the city of Los Angeles decades ago to service power from coal plants. This partnership, the retirement of coal, and the use of existing grid capacity was a meaningful public-private collaboration that yielded a superhighway of clean energy directly into the city of Los Angeles. Thanks to the powerful combination of new and old, the political will of many governments, and the transformative technical approach to bridge transmission gaps in the grid have helped produce clean power for the country’s biggest industrial economy. The Mayor of Los Angeles, Eric Garcetti, said that Pattern Energy’s Western Spirit Wind “shows that solutions to the climate crisis have never been cheaper, and helps realize our promise of lower emissions, less pollution, and more clean energy innovation.”

“We have the tools, we have the technology, we have the time”

Indeed, the wind facility was a very cost-effective solution for the Californians that the city council described as “the best overall value” to the residents of L.A. after Pattern Energy won a competitive solicitation for a power supply contract, besting over 100 other project proposals. Western Spirit Wind will now meet more than 6% of the climate change goals of over 4 million residents of Los Angeles. It also serves its clean power to millions more throughout the state.

Mr. Casana was also involved in the half-gigawatt New Mexico to California wind and transmission project named Broadview & Grady Wind, which was fully commissioned in 2019. He is presently running the strategy for his company’s next big project, SunZia Wind, which will be three times larger than Western Spirit Wind at over 3,200 megawatts of wind. The wind project is coupled with a 550-mile high-voltage transmission line, with anticipated commissioning in 2026.

When it comes to the climate, Mr. Casana believes in big swings. With the completion of Pattern Energy’s third suite of wind transmission projects in New Mexico, Pattern Energy will be responsible for more 20 million megawatt hours a year of clean power to California, which is more than all of the state’s rooftop solar panels combined. “When governments, corporations, and large utilities make the right choices on climate, those choices impact tens of millions of people for the better all at once. It’s a great big societal swing.”

Opportunities to Grow

Pattern Energy has broken the gigawatt barrier this year, but for Mr. Casana, the exciting part is within a decade that scale will be a common occurrence. “When I first started in this business, we were amazed when someone could pull off 100 megawatts in a single shot, but today that is about the minimum we could consider. We’ve done a gigawatt now, our next one will be three times the size, and that will become the new normal. It’s incredible.”

Wind and solar are so economical compared to conventional power like coal and fossil gas that Mr. Casana believes there’s a high chance that the necessary transmission gaps in the grid will get plugged, the necessary reforms will be enacted, and the economy will be in a position to run primarily on the weather without disrupting the life of everyday Americans. However, he also knows that the scale of buildout to maintain climate commitments will require exponential growth, which is both a challenge and an opportunity for an entire generation of energy professionals starting their careers.

When it comes to switching power from combustion to renewable weather-based power, Mr. Casana cites studies from U.S. National Labs that show America’s clean energy industry would need to deploy as much as 80 gigawatts of wind and solar energy every year from 2025 to 2040. However, the high water mark was only 29 gigawatts last year, nearly double the deployment level from as early as 2019. “There is an appetite in the U.S. for the clean energy industry to double in size and double again in just the next few years, with still more room to grow new businesses.”

The Future

Mr. Casana carries a calm and quiet optimism about the business role in building a 21st-century grid. He emphasized the growing need for new talents and projects when asked to advise young professionals. He believes the U.S. needs a grid bigger than the weather, a grid that can move power across the continent for a constant source of reliable, renewable power as different regions rely on weather patterns from each other. The country will need many more mega-projects like Western Spirit and SunZia. “It’s like a symphony,” he says, “there are different sections, horns, wind, what have you, and this one or that may be quiet for a beat, but the blend of music is always playing, always beautiful.”

He believes there is so much business opportunity and room for growth and he is optimistic too about the climate emergency. He doesn’t get bogged down on blame for greenhouse gas emissions. He says, “this era right now, our time, it is the first moment in history that we have all of the tools and enough time to act. We have a runway just long enough to stem the worst of climate change, to act on emissions. We have real, commercial technologies that are viable, scalable, ready-for-primetime, with supply chains and global talent that can execute, finance and deliver the billions of dollars of infrastructure that will necessary for survival of our species.”

“Renewables have been de-risked, we know how to get them built, we know how to run the system. We need more of course, both power and transmission, sure. But it is no longer a question of inventing something or hoping for some future political will. The business case is here. The moment has come to really do it.”

When asked about whether alternative energy is the future, Mr. Casana turns says wryly, “Wind and solar were the future twenty years ago. It’s such a 90’s idea to say that, to call them the ‘future,’ to call them even ‘alternative.’ Wind and solar are a $500 billion global industry and growing, they are the vast majority of new power projects worldwide, they have been for years, and will be for decades. Renewables are not alternative and they are not the future – they are mainstream and they are today.”

Another Pfizer gene therapy is free of FDA hold, but the delay continues.

Gene therapy is becoming one of the unique techniques of biotechnology, and now, FDA has also given certain permissions for gene therapy, but as of now, the study will not take place due to some necessary internal steps that should be taken care of. 

The FDA has listed almost a long clinical hold of phase 3 and related to the study affine that is also known as the medicine for hemophilia, and there is a need for gene therapy for the treatment of the therapy. Though the medicine has got the certification, Pfizer maintains a volunteer hold for the whole process, and it will also resume the clinical activities in a few months. The company planned the whole thing during the first-quarter earnings. 

There will be the volunteer’s pause, and the pause will stay intact until Pfizer gets all of the necessary conditions that are important to take care of during the whole gene therapy, as accuracy is a must for this kind of test. The approval of the study protocols is another thing that should be taken care of by the regulatory authority and the company. 

Pfizer, and the partner of the research, who is Sangamo Therapeutics, have taken this decision jointly to take this volunteering off in the whole process for a few months. As the blood clot may rise during the cases, then also they can take place for risks. The whole delay should take place during November 2021, and when the FDA has taken a clinical hold, they will be able to get the necessary steps that should be taken care of. Due to factor VIII, labels are present in almost 150% of candidates in most of the study participants, and this has taken place for the earning calls. 

There will be genetic disorders, and it also needs treatments, but in every situation, it is important to take care of several facts that can also help others to get the required assistance for the FDA process. For this reason, the clinical hold should be taken care of so that the people can be able to get the most effective results for them. 

According to the RBC, a capital market that has also taken care of more than one analysis related to the clinical hold has told that this is going to be a clear positive for Sangam as the company has done a big fight along with the other companies by the help of which they will be able to get enough time to start up their plans and programs that are related to the market research that has taken place. Sanofi has also taken help from the scrapped deal with the biotech based upon the personalized cell therapies that should be taken care of. In order to give some extra views to the medical approaches. In the January shift, they will specialize in taking care of this factor so that they will stand their name in the field of genomic medicine approaches that should be taken care of. 

As per the clinical hold, people can also face the resulting delay, and gene therapy can also take place due to the whole therapy session. As a result, the results related to the pfizers can be taken care of, and the treatments and the regulators can also take place behind the problems that are arising during the days. Hopefully, the results related to the analysis can be taken care of, and people will be able to get proper therapy support from the end of the Pfizerrelated therapies

Slime Rancher 2 will poop onto early access next month.

The slime rancher has become one of the most famous applications by the help of which people use to play the game, and now the game has become one of the most famous giving platforms for the users. Now the importance of the game is also relatively increasing, and it also helped in the early access process. 

The new version of the Slime rancher that is also noted as a Slime rancher part 2 has Means started, and people are also willing to start the early access Slime answer, and it also has become one of the most important parts of everyday life cycle. The importance of Slime Rancher has also become one of the most important gaming experiences for the users, and the users also think that the second part of the game will also become one of the most helpful ones for the users, and they will be able to take help from these games also. As a part of the new launch, the company has decided that they will profile early access to the users faster so that they will be able to get early access to the game, and they will be able to use the Slime Lancer for a longer period of time. This has become one of the most important marketing strategies for the company, the help of which they will be able to complete the marketing process of the client and server, and the gaming will also become even easier for the user faster. 

This is going to be one of the most famous games for the game lovers by the help of which they will be able to make necessary changes in the Slime rancher game, and they will be able to get one of the best games for them. Special people will be able to get early access to the game, and they will be able to get assistance for the required Slime rancher game

GMG inaugurates Al Qudra water station as part of the Dubai Can initiative

A GMG-branded water station will be installed in Al Qudra on the popular Dubai cycling route

UAE, Dubai, August 11, 2022: GMG – a global well-being company retailing, distributing and manufacturing a portfolio of leading international and home-grown brands across the sports, food and health sectors has partnered with the Department of Economy and Tourism (DET) to install a water station in Al Qudra as part of the ‘Dubai Can’ initiative.

The partnership is part of GMG’s commitment to supporting national sustainable development and catering to the well-being of communities across the UAE. In addition to the water station in Al Qudra, the company has installed drinking water filters across its UAE offices.

GMG’s support of the ‘Dubai Can’ initiative follows the recent launch of its ‘Make a Difference’ sustainability strategy framework. Aligned to key global and local sustainability trends, this underlines GMG’s commitment to creating a positive and transformative contribution across the region and beyond through its three strategic pillars: ‘Planet Forward, ‘Spark People’ and ‘Own Change.’ 

Dubai Can is a sustainability initiative by His Highness, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai Crown Prince and Chairman of the Executive Council of Dubai that aims to reduce single-use water bottles by encouraging individuals to use refillable water bottles. Free water refill stations will be installed at prime public locations across the city as part of the project. The drinking water from the stations will be kept cool at a temperature of 10°C, offering people a refreshing, clean and safe alternative while also driving a sustainable and environmentally friendly ‘refill culture’.  

Mohammad A Baker, Deputy Chairman and CEO of GMG, said, “As a well-being company and responsible citizens, we are committed to supporting causes that make our communities healthier. We are, therefore, proud to be associated with Dubai Can, an initiative that will go a long way to protecting our environment by minimizing the impact of plastic waste. We look forward to continuing to work with the government and other key stakeholders to promote positive change and raise awareness of environmental issues.” 

Ahmed Al Khaja, CEO, Dubai Festivals and Retail Establishment (DFRE), said: “We are delighted with the support extended by GMG, a global brand,  to further raise the profile of the Dubai Can initiative across the city, inspired by our visionary leadership to position Dubai as a leading sustainable destination and ultimately the best city in the world to visit, live in and work. The installation of this new water fountain in Al Qudra by GMG will provide residents and visitors with yet another incentive to let go of their reliance on single-use plastic bottles and opt instead for refillable water bottles. The availability of so many Dubai Can water fountains at key locations in the city is also testament to the unique public-private partnership model that has immensely contributed towards Dubai’s continued success and touches the heart of our sustainability strategy, which revolves around the central pillars of creativity and collaboration.”

Al Qudra is a popular cycling route for Dubai residents and the water station will offer a convenient bottle refill site for cyclists, which will in turn help promote healthy living. 

GMG’s partnership with DET to sponsor the water station in Al Qudra builds on its existing relationship with the department following the signing of a three-year strategic agreement with Dubai Festivals and Retail Establishment (DFRE) late last year. The agreement underlines GMG’s commitment to the UAE’s vision of building a healthier society by enabling the two organizations to collaborate on activities and events that enhance the Dubai Fitness Challenge program. 

According to Emirates Nature WWF, the average person in the UAE consumes 94 kg of plastic per year, of which a significant amount comprises single-use bottles. Plastic waste has a devastating effect on marine animals and birdlife. Efforts to reduce plastic waste support the UAE’s commitment to meeting UN Sustainable Development Goals (UNSDGs) and achieving the UAE NetZero 2050 initiative.

GMG unveils its ‘Make a Difference’ sustainability strategy framework

The strategy is aligned with UN Sustainable Development Goals across GMG’s key markets 

Dubai, UAE, August 5, 2022: GMG – a global well-being company retailing, distributing, and manufacturing a portfolio of leading international and home-grown brands across its sports, food, and health sectors has announced the launch of its new sustainability strategy framework. The new framework will enable GMG to make a positive and transformative contribution to the environment and society as a whole as well as to its stakeholders and operations.

The framework which was developed in conjunction with EY, is built around Environmental, Social, and Governance (ESG) principles and based on three key pillars: Planet Forward, Spark People, and Own Change.

Make a Difference: 

The ‘Planet Forward’ pillar is aimed at ensuring that our company actions are geared towards building a better planet for everyone, not just for the business, by tackling energy, water, and waste management. 

The ‘Spark People’ pillar is focused on ensuring the well-being of employees by supporting their career growth, as well as ensuring equality and their health, safety, and well-being. 

The ‘Own Change’ pillar aims to inspire people to own and drive change for continuous growth and operational excellence across all of GMG’s business units.

Commenting on the launch of the new sustainability strategy, Mohammad A Baker, Deputy Chairman and CEO of GMG, said, “As a global company, we believe that setting an ESG framework is key to fostering business evolution, mitigating risks and challenges, and most importantly, making a positive and responsible impact on people and the environment. Our values will serve as a compass in guiding our brand, while our sustainability framework will reflect our operational ethos as we continue our global expansion journey.”

“The ‘Make a Difference’ sustainability strategy which is aligned to key global and local sustainability trends, showcases GMG’s commitment to creating positive, transformative change across the region and beyond through its three strategic pillars: ‘Planet Forward, ‘Spark People’ and ‘Own Change.’ These have been developed to address the issues and topics that matter most to GMG and its stakeholders and create a positive and long-lasting impact,” said Yasir Ahmad, Partner and leader, of Sustainability Services, EY MENA.

Alignment to Sustainability Goals:

GMG’s sustainability strategy is aligned with the UN’s Sustainable Development Goals (SDGs) across its global operations as well as the UAE’s own sustainability goals. The UAE has set up a National Committee on SDGs to facilitate the alignment of SDGs across the private and public sectors and has embedded SDGs into its national agenda.

The twelve countries across which GMG operates are already making headway with their national sustainability agendas, including three of its key markets – the UAE, Saudi Arabia, and Singapore.  The UAE became the first country in the Gulf to launch an SDG Data Hub to actively track and monitor progress made toward SDGs. Meanwhile, Saudi Arabia’s Vision 2030 includes a series of objectives and programs that overlap with the UN agenda. For example, the Kingdom has developed the National Renewable Energy program to diversify its energy sources and embrace clean energy. In Singapore, the government has integrated SDGs into its Green Plan 2030.

GMG will publish its first sustainability report early next year that will reveal the company’s performance across ESG pillars, highlight key achievements, and set the direction for the future.

The House Hotel Old Tbilisi and Blue Fox restaurant open in Tbilisi’s Old Town

 The Best Luxury Boutique Hotel to offer genuine Georgian hospitality & curated community experiences

Tbilisi, July 25, 2022: Across the street from the 6 century Anchiskhati Basilica, in the heart of Tbilisi’s charming Old Town, Kerten Hospitality, a mixed-use, ESG and lifestyle operator, has opened The House Hotel Old Tbilisi, its first of three lifestyle hospitality projects in Georgia. The three-story, 17- room hotel was once the Nikolozishvili mansion and blends that traditional charm with chic sensibility. Each room is distinguished by a historical Georgian character painted by local mural artist, Musya Qeburia, and features custom-made furnishings from Georgian oak, parquet floors and marble bathrooms with a rain shower. Suites feature Tbilisi’s trademark wooden balconies with a view of the nearby Mtkvari River and pedestrian street below. In a cozy district of crooked streets and houses, medieval churches, museums, wine bars, and many attractions, The House Hotel Old Tbilisi is Tbilisi’s newest landmark and a destination in itself.

Tbilisi-based for the opening of the property, Antony Doucet, Chief Experience Officer at Kerten Hospitality, said: “This art hotel in the city’s most historic part will allow guests and visitors to get the feel, to connect to and to experience trully the Neighbourhood and the destination. Our close-knit collaboration with our UBBU teams (UBBU – United. Building a Better Universe – Kerten Hospitality’s ESG initiative) will bring the focus on Locality and Sustainability all curated around tailored experiences that ultimately create true human connections and support local do-good causes as well.”

The House Hotel is a fast-growing, award winning, luxury lifestyle brand recognized globally for quality and individuality. Its trademark is blending local art and culture with classic and contemporary styles to create an authentic and unique experience in every location. With a pipeline portfolio of over 40 projects, Kerten Hospitality is all about working organically with its local environment to tell a story that compliments the aesthetics of the region, celebrates local culture and supports the local community. The House Hotel Old Tbilisi’s local team understand cordiality and hospitality are a priority, but in Georgia, where guests are considered gifts from God, hospitality is second nature.

Nikoloz Kurdadze, GM of The House Hotel Old Tbilisi, said, ”We are very excited to open our doors for guests and the community in such a unique destination where meaningful connections and lasting memories will be built after experiencing the real sense of Georgian hospitality, cuisine, art and cultural heritage.”

Traditional buildings in Tbilisi have what locals call “Italian Courtyards,” intimate social areas where residents gather to play backgammon and dominoes, hang laundry and gossip while children play. The House Hotel Old Tbilisi has renovated its courtyard to provide much of the same warmth and neighborliness with a bar that mixes special cocktails and uncorks exclusive Georgian wines from its own grower, while rapturous meals are served at tables around an olive tree for both hotel guests and walk-in visitors. Those who set foot in the property will also enjoy viewing a special collection of Georgian contemporary art pieces from the personal collection of the hotel owner.

Tbilisi has emerged from obscurity to become a world heavyweight culinary destination, yet only a few restaurants offer a high quality fine dining experience. Chef Jaume Puigdengolas, a Barcelona native, earned his Michelin stars in Marbella before creating the F&B concepts for Kerten Hospitality. The Blue Fox, named after an old Georgian cartoon character, is a 72-seat restaurant and the chef’s latest achievement. Riffing off of Tbilisi’s multi-cultural heritage, Chef Jaume’s menu combines western and eastern ideas with a Georgian foundation to create something uniquely Tbilisian. “I respect traditions and work closely with local products and producers,” he says.

Khachapuri is one of Georgia’s most iconic dishes. Chef Jaume simply turns the stuffed bread inside out, with beans and marinated onions on top, or marinated salmon, lemon and cucumber, or Sulguni and Imeretian cheese with local truffles. There are several more, which he calls “Pizzettas.” Georgian tomatoes and cucumbers are among the best in the world, which may explain why they are a salad staple on every table in the country. Chef Jaume has playfully tweaked the salad by serving tomato wedges on a pool of lightly spiced cucumber gazpacho. Although clearly not Georgian, Caesar Salads have recently appeared on nearly every menu in the country. The Spanish chef dipped into his roots and turned the salad into a tapas – a chicken croquette stuffed with béchamel and served on a leaf of Romaine. Main dishes include a tribute to Georgian mtsvadi – skewered meat roasted over coals. Here, they include marinated chicken, and the tenderest beef in the country, served with a selection of locally spiced dipping sauces. Some might call it fusion, but The Blue Fox is simply continuing the Tbilisi tradition of innovation.

Tbilisi’s legacy is built upon the Great Silk Road where it was an important trading hub, bridging Europe with Asia. This is evident in Tbilisi’s Old Town, where the local mosque is around the corner from the local synagogue, which is next to an Armenian church. An old Zoroastrian temple is above. Nearly a century of communism devastated this heritage, but it is now being rebuilt by individuals and groups like Kerten Hospitality. The House Hotel Old Tbilisi is now part and parcel of the “New Silk Road,” a modern hub where nations come to meet, mingle relax, and have a truly one-of-a-kind, unforgettable experience.

The House Hotel Old Tbilisi opens on July 25th, 2022.

About The House Hotel:

The House Hotel – Luxury Lifestyle hotels for travellers ‘in the know’

The House Hotel is an award-winning and rapidly expanding luxury lifestyle hotel brand with a global reputation for quality and individuality.

In line with Kerten Hospitality’s commitment to supporting and enriching local communities, every House Hotel is distinctive, tells a story, and has a sense of place. It is the ideal hotel concept for owners looking to transform landmark or heritage buildings into boutique destinations for discerning travellers.  They celebrate local culture in ways that are brought to life by a team of predominantly locals for whom genuine warmth and hospitality is a priority.

About Kerten Hospitality:

Kerten Hospitality is a mixed-use, ESG and lifestyle operator managing and operating hotels, branded residences, serviced apartments, workspaces and business hubs and clubs under its 100% own and developed brands. KH transforms destinations through impactful collaborations both with our own and other branded Food & Beverage, Retail, Entertainment, Art and Wellness brands with a focus on building Ecosystems, and unique community-centric destinations, that connect International & local travelers.

KH manages a portfolio of 12 own brands including: Cloud7 Hotel and Residence, The House Hotel and Residence, Ouspace – a collaborative Social Hub and serviced offices concept. KH has a suite of in-house designed and operated Food & Beverage offerings and employs and collaborates with world renowned Michelin chefs to up and coming local foodpreneurs. All brands have a Purpose. ESG-focused ethos across its operations and pipeline of developments. In June, KH rolled out its ESG Initiative called UBBU: United. Building a Better Universe, across all its properties.

The current pipeline includes 40+ projects and 4,500+ roomkeys in Europe, the Middle East and North Africa and the CIS countries. More information: www.kertenhospitality.com

Expert In BUYING AND SELLING ON TERMS

How you can capitalize on the shifting market as we all navigate through COVID still as well as interest rate changes?

As the rental market shifts due to coronavirus and the economy, those of us in the terms business are perfectly positioned to help.

At the time of writing this, we’re in uncharted territory. With the coronavirus and uncertainty in the economy, many people in the real estate industry are getting concerned about their investments and whether they’ll be able to make it through this crisis unscathed.

But those of us in the terms business are uniquely positioned to help during times like this. We’re able to help sellers get out of sticky situations and sell their homes when they would be otherwise unable to. And on the flip side, we’re able to help buyers get into homes they would otherwise be unable to. By structuring long-term deals, we can set up both buyers and sellers to be in very comfortable positions for years to come.

And while all this happens, we’re able to continue doing deals and bringing in revenue for our businesses. We often talk about “recession-resistant” deals, and now we’re seeing that pay off.

So let’s look at what this shift means for real estate and how those of us in the terms business can continue to get deals done throughout this crisis (you’ll want to also see the special “Thriving in Chaos” Series on our podcast as well (https://www.smartrealestatecoachpodcast.com).

The rental market shift

I’ll preface this by saying I’m not an economist, but I’ve been predicting for over a year that something is going to happen with the vacation rental market. Ever since Airbnb and VRBO have gained popularity, people have been getting into vacation rentals at an alarming rate.

Everyone thinks they can buy a property, Airbnb it out, and become a successful real estate investor. And for the most part, that’s been true for the past couple of years—it’s been a booming niche within real estate.

But because Airbnb owners have been able to get a high premium for their rentals, they were also willing to pay a high premium for the properties they were buying. People have been overpaying for these properties for years, and many of them weren’t prepared for a situation like this.

After all, who could expect this? Everyone knows real estate is risky, but no one could predict a massive global pandemic that prevents people from vacationing for months or even years.

I predicted that when the market slows down, there will be a bunch of Airbnb and VRBO properties that could potentially go under foreclosure or be easily taken under contract by investors like us. And that’s what we’re starting to see.

We know for sure that there will be a significant decline in vacation rentals for the foreseeable future—and those of us in the terms business are uniquely positioned to help these Airbnb owners right now by getting them out of a situation they didn’t see coming.

So, our advice? Look to Airbnb and VRBOs in the coming months for seller leads! There will be many people wanting to get their home sold and get out of this sticky situation they’ve found themselves in. We can help.

Shifting your mindset

When you’re confronted with tough situations like we’re in now, it all comes down to mindset and how you approach it. Right now, many people are scared and nervous about the future. That’s perfectly understandable, but there are also many opportunities available right now—it’s just a matter of how you think about it.

Now is the time to shift your mindset and think positively. You’re going to need to change things up. You’ll need to look for different sources for sellers. But the simple reality is that if you’re in the terms niche, you are in a phenomenal niche for this type of market. We are perfectly positioned to flourish right now—and that’s something I couldn’t say for the last seven years.

In the coming months, we’re going to see houses foreclose. Unfortunately, people are going to continue losing their jobs. They’ll need to sell their homes quickly.

There will be a glutton of properties and people that you can help as this crisis continues to evolve. If you can just shift your thought process and your mindset, you’ll see that you are uniquely positioned to not only get through these scary times, but thrive in them.

 – Chris Prefontaine, Smart Real Estate Coach Founder, CEO & Coach

NutriFresh Services: Transforming Ecommerce Food & Beverage Companies For Better

A senior executive with more than 25 years of experience in management, strategic planning, and operational implementation Guy Ironi and his partner Josh Abramson were called to turn around a beverage manufacturer producing cold press juices using high-pressure processing technology. He soon understood the process was very labor-intensive and challenging to perform at a profitable level. However, Guy quickly identified that the business was exceptional at picking, packing, and shipping the juices directly to its clients’ customers.

On behalf of the family office that invested in the founding leadership team, Guy took over NutriFresh Services as its CEO in 2016 and pivoted the organization from a contract beverage manufacturer to the industry’s best perishable fulfillment partner for B2C and B2B eCommerce companies. Since Guy’s takeover, the company has achieved more than 100% YoY revenue growth for past 4 consecutive years and achieved nearly 30X earnings growth. NutriFresh was recently included as one of Inc. Magazine’s “2021’s 5,000 Fastest Growing Companies” and named by Goldman Sachs as one of the “100 Most Intriguing Companies” for 2021.

The Leading Perishable Fulfillment Platform

Headquartered in Edison, NJ with 11 additional nationwide facilities, NutriFresh is the leading cold chain eCommerce logistics partner for established and emerging B2C and B2B food and beverage brands. The organization’s portfolio of services includes frozen and cold storage, white-glove pick and pack services, and industry-leading carrier optimization allowing 1-day ground transit to more than 85% of the country.

Guy and his team at NutriFresh believe that shipping perishable goods doesn’t need to be complicated or costly. The organization acts as an extension of their clients’ business operations department to ensure their cold and frozen products are delivered to their customers on-time and at-temp, improving their bottom lines.

The NutriFresh team also realizes the fact that batching and shipping alone doesn’t solve all of its clients’ primary pain points. So, the organization now offers a completely personalized and comprehensive approach to ensure the products reach their customers in a much faster, easier, and cost-efficient manner.

Staying Ahead of the Competition

Under Guy’s leadership, NutriFresh helps its customers with a tech-enabled, all-in-one eCommerce fulfillment platform that allows brands to quickly deploy a national fulfillment program at a scale. According to Guy, “In this new and rapidly changing on-demand world, we allow businesses to access highly-customizable operations and flexible, bespoke shipping solutions based on their specific needs across delivery performance, the efficiency of spend, and integrated technology requirements.”

As an organization, NutriFresh is well positioned in the market of perishable eCommerce fulfillment for food and beverage brands. While most of its consumers are focused on the B2C market, NutriFresh has started working with companies selling and shipping wholesale products directly to businesses.

Unlike traditional 3PL businesses, NutriFresh welcomes the complexities of perishable fulfillment by handling custom packaging, complex kitting and pick arrays, and inserting dry ice or gel packs to keep products at safe temperatures during transit. The NutriFresh value proposition includes a sophisticated technology platform that allows its partners to access entirely outsourced fulfillment and operations solutions. Beyond its strategically distributed national perishable fulfillment centers, another core advantage for NutriFresh’s customers is access to enterprise-level shipping services across various national and regional parcel carriers.

Tackling Challenges

The fundamental challenge of NutriFresh’s core activity lies with the perishability factor of food and food waste. Every year ⅓ of the food produced in the world perishes before consumption, which if calculated equates to 1.3 billion tons, resulting in more atmospheric carbon emissions than the entire airline industry. In proper conditions, this amount of food could feed as many as 2 billion people, twice the number of people suffering from hunger across the planet.

The organization is doing its part to solve this worldwide challenge. Its High-Pressure Processing (HPP) extends shelf-life through a non-thermal process that eliminates contamination. NutriFresh has an annual tolling capacity of 120 million pounds, thanks to its dedicated hyperbaric HPP machines.

Additionally, the organization enables a much greener and environmentally friendly emissions footprint by creating a more efficient supply chain, which is done by decreasing the distance a product needs to travel. In the NutriFresh supply chain, manufactured products are directly sent to one of its fulfillment centers directly from the manufacturer. Then the organization distributes those products across its network of fulfillment centers to be stored as close as possible to the final customer. When an eCommerce order is placed, NutriFresh packs each perishable parcel with care and delivers to the end consumer on behalf of their clients.

Guy also notes: “We use solar power in our freezer facilities, we ship with dry ice (which never produces or releases additional carbon dioxide into the environment) and gel packs to reduce spoilage during transit. The future of commerce is online, and NutriFresh is committed to providing our customers with the most sustainable, environmentally-conscious perishable fulfillment solution in the market.”

Preparing for the Future

When it comes to the future, NutriFresh aims to maintain its position as the leader in the cold and frozen eCommerce fulfillment industry, while continuing its transformation into the most advanced solution via disruptive logistics technology. To achieve that, Guy and his team will continue to expand NutriFresh’s warehouse network by acquiring new facilities, investing in tech R&D, and developing its personalized approach even further to give its clients the feeling of joining an elite supply chain crew and long-term partner.

Abbott Martin Group: The Native Source of Real Estate on the Emerald Coast

Launched as one of the first real estate companies in Destin during the early 70s, Abbott Realty Services became the largest employer in Northwest Florida between the period of the 80s to the late 90s. Today the natives of the Emerald Coast, Nathan, Erin, and Amanda Abbott, carry forward Abbott Realty Services’ tradition as the third generation of Abbott Realtors.

Nathan and Erin Abbott started their career in real estate in 2002 as a husband-wife team. Later in 2010, they started expanding their team as the Nathan Abbott Team, and a decade later, in 2020, they relaunched Abbott Realty Service. Even amidst the chaos created by the pandemic, it broke all records in production with its team and was featured in Inc 5000’s list as one of the fastest growing companies in all industries. Later in 2021, Abbott Realty Services Merged with eXp Realty, one of the fastest-growing global real-estate companies in history.

In 2017, Nathan shared a vision with TJ Martin to launch a joint venture specializing in developer consultation, new home, and resort sales. TJ is a native of the area with a proven track record of success in land acquisitions and new home sales throughout the Florida Panhandle. Armed with TJ’s generational background in development and experience as the top sales agent in two large development firms, TJ and Nathan decided to broaden their horizons further and launched The Abbott Martin Group | eXp Realty. With its offices in Pensacola and Miramar Beach, the firm has successfully launched and sold several new construction communities by helping developers with new land acquisition opportunities, top-performing sales teams, and consultations from the ground up.

Since its inception, the real estate firm has continued to perform within the top 1/2% in terms of real estate sales in the Florida Panhandle and within the top 1% nationally. The firm takes immense pride in raising a higher standard of expectation for its clients and the real estate industry as a whole.

Keeping the Team Motivated

With the ability to create greatness for others, Nathan and his team consider each day a new day. They also prefer to focus on impact over commissions. He states, “If you practice every day with incredible drive, you will eventually make it to the big game. This career path allows us to have access to people’s personal lives in ways most careers don’t allow. Focus on positively impacting others; your life will also be impacted through serving others in high regard.”

Tackling Challenges and the Pandemic

The emotions in real estate sales can feel like a roller coaster ride of several highs and lows. Nathan believes the market can go up or down by its nature, and one has to adapt and make the most of it in all situations. He says, “It is important to keep your emotions in the middle and to show up daily! Keeping your agent’s head in the game of all markets while helping them understand you can make an impact in any market is important.”

“If you practice every day with incredible drive, you will eventually make it to the big game. This career path allows us to have access to people’s personal lives in ways most careers don’t allow. Focus on positively impacting others; your life will also be impacted through serving others in high regard.”

Abbott Martin Group works diligently to keep their heads in the game and to show up with the right drive at any market condition rather than utilizing the market conditions as an excuse for not finding success.

The pandemic helped many realize that we humans can’t buy our time. With the pandemic, many organizations opted to work from home, keeping the safety of their employees in mind. Emerald Coast has always been a well-known vacation destination, but with Covid-induced lockdowns and work-from-home, the coast is witnessing substantial residential growth, which eventually helps Abbott Martin Group to grow at a rapid pace.

Picture of the Future

The Abbott Martin Group|eXp Realty’s primary goal is to become an outlet for agents worldwide to understand the benefits of eXp Realty while building partnerships with individuals working for a greater purpose. The firm plans to serve more than 1000 clients yearly to make the maximum impact possible.

Nathan explains, “Our focus is to continue to build an organization that improves lives while showing up together of us all rowing in the right direction for the ultimate purpose…. To build a legacy by making a positive impact on others. We will continue to focus on providing an outlet for people to become the best version of themselves.”

 

 

 

Exit mobile version