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Apple Gangnam will welcome first customers this Friday, March 31 in South Korea

Apple celebrates the dynamic Gangnam District with a special Today at Apple session featuring K-pop group NewJeans

SEOUL, South Korea–(BUSINESS WIRE)–
Apple® today previewed Apple Gangnam, located in Seoul’s bustling, world-famous Gangnam District. Apple Gangnam will offer an exciting space for customers to discover Apple’s incredible lineup of products and services, receive exceptional support from highly knowledgeable team members, and participate in free Today at Apple® sessions to learn how to get the most out of their products.

“At Apple, we’re always innovating to provide the best experience for our customers, and we are so excited to open Apple Gangnam and share the best of Apple with even more people in Seoul,” said Deirdre O’Brien, Apple’s senior vice president of Retail. “Our incredible team members look forward to connecting with customers and helping them find new ways to unleash their creativity with our amazing products and services.”

Apple Gangnam has nearly 150 highly skilled retail team members who collectively speak more than a dozen languages. They’re all ready to help customers explore and get their hands on the latest Apple products, including the new iPhone® 14 lineup with its powerful camera features and groundbreaking safety capabilities. Teams will also help customers take advantage of key retail services, including the Apple Trade In program, monthly financing options, and Apple Pay®, which recently launched in South Korea.

Apple Gangnam will be an exciting educational hub for participants with a diverse Today at Apple offering in a roundtable setting for a more personalized customer experience. Attendees can discover features on the latest Apple products and learn how to get started on their new device, or join Apple Creatives for sessions focused on GarageBand® and Spatial Audio. For designers, photographers, musicians, or even first-time Apple customers, Apple Gangnam has a diverse offering of Today at Apple sessions such as:

• Skills: Getting Started with Mac.
• Music Skills: Getting Started with GarageBand.
• Art Skills: Sketching Ideas in Notes.
• Photo Lab: Directing the Portrait.

Participants can register for a Today at Apple session at apple.com/kr/today/gangnam.

Beginning April 1, music fans will be able to experience the magic of Spatial Audio in a limited-time Pop-Up Studio, featuring rising K-pop group, NewJeans, from ADOR. On Friday and Saturday evenings — on the hour, every hour from 5-7 p.m. — attendees will be treated to a special listening session featuring their hit track “OMG (Apple Music Edition).” During the 15-minute session, participants will experience the industry-leading sound quality of Spatial Audio. The version of the song will be available only on Apple Music®.

Located in the historically rich and fast-moving neighborhood of Gangnam in Seoul, Apple Gangnam features a uniquely designed double-height façade with a completely new gradient frit and mirrored coating treatment that blurs the transition from top to bottom and shifts in appearance during different times of day or seasons.

Apple Gangnam is designed with materials sourced from the region, including the tables, wood feature wall, logo, façade glass, stone walls, and flooring. Like all Apple facilities, Apple Gangnam and Apple’s operations in South Korea run on 100 percent renewable energy and are carbon neutral.

In celebration of Apple Gangnam’s opening, customers are encouraged to listen to a curated Apple Music playlist that encapsulates the neighborhood’s energy of creative inspiration and explore a bespoke collection of movies and TV series on Apple TV® inspired by new beginnings.

Apple opened its first store in South Korea, Apple Garosugil, in 2018. This past year, Apple Myeongdong debuted Apple’s first-ever K-pop Today at Apple Remix session featuring K-pop supergroup SEVENTEEN, and Apple Jamsil at Lotte World Mall opened in December. Apple also launched the Apple Developer Academy and Apple Manufacturing R&D Accelerator in Pohang last year, providing tools for the next generation of app developers to be part of the thriving app economy and offering free educational and training programs for small- and medium-sized businesses across the country. And just last week, the long-awaited Apple Pay launched in South Korea, where customers can experience this service in all five Apple Store® locations.

Apple Gangnam will welcome its first visitors on Friday, March 31, at 5 p.m. local time. Apple Gangnam’s grand opening is by reservation only. Registration starts on March 29 at 8 a.m.

Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch, and Apple TV. Apple’s five software platforms — iOS, iPadOS, macOS, watchOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, and iCloud. Apple’s more than 100,000 employees are dedicated to making the best products on earth, and to leaving the world better than we found it.

NOTE TO EDITORS: For additional information visit Apple Newsroom (www.apple.com/newsroom), or email Apple’s Media Helpline at [email protected].

© 2023 Apple Inc. All rights reserved. Apple, the Apple logo, Today at Apple, iPhone, Apple Pay, GarageBand, Mac, Apple Music, Apple TV, and Apple Store are trademarks of Apple. Other company and product names may be trademarks of their respective owners.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230328005864/en/

Apple Media Helpline

[email protected]

KEYWORDS: South Korea United States North America Asia Pacific California

INDUSTRY KEYWORDS: Technology Entertainment Mobile Entertainment Software General Entertainment Celebrity Hardware Music Consumer Electronics

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Posted on March 28, 2023 6:59 pm

Sky Harbour Group Corporation Announces its 2022 Financial Results, Modification of SH Capital’s 2021 Project Portfolio, Recapitalization of its Obligated Group, and Opening of its Campus at Miami-Opa Locka Executive Airport

Sky Harbour Group Corporation Announces its 2022 Financial Results, Modification of SH Capital’s 2021 Project Portfolio, Recapitalization of its Obligated Group, and Opening of its Campus at Miami-Opa Locka Executive Airport

WEST HARRISON, N.Y.–(BUSINESS WIRE)–
Sky Harbour Group Corporation (NYSE American: SKYH, SKYH WS) (“SHG” or the “Company”), an aviation infrastructure company building the first nationwide network of Home-Basing Solutions for business aircraft, announced the release of its 2022 Financial Results in Form 10-K. Please see the following link to access the filing:

https://www.sec.gov/ix?doc=/Archives/edgar/data/1823587/000143774923007848/ysac20221231_10k.htm

Highlights of the results are:

• Q4 Revenues increased 41% as compared to Q3 2022
• General & Administrative expenses decreased from $3.6 million in Q3 2022 to $2.6 million in Q4 2022
• Strong liquidity and capital resources as of December 31, 2022, including cash, restricted cash, and US Treasury investments of over $180 million¹
• Opening of Nashville Phase 2 campus on October 27, 2022
• Opening of Miami-Opa Locka Phase 1 campus on February 1, 2023

On March 22, 2023, Sky Harbour Capital LLC (“SHC”) published an event notice (the “Event Notice”) to the holders of the Series 2021 PABs through the website of the Municipal Securities Rulemaking Board via its Electronic Municipal Market Access system at www.msrb.org and on the investor relations section of the website of the Company. Pursuant to Trust Indenture, dated as of September 1, 2021, between the Public Finance Authority and the Bank of New York Mellon, as trustee, the Event Notice included a feasibility study conducted by an independent consultant confirming, based on its reasonable assessment at the time, that the election to modify the scope of the its Senior Special Facility Revenue Bonds (Aviation Facilities Project), Series 2021 to include a project site located in Addison, Texas (the “ADS Project”) would increase the projected debt service coverage ratio of SHC. The study may be found at the following link:

https://emma.msrb.org/P21681728-P21294042-P21724253.pdf

The expected improvement in debt service coverage is the result of the Modification and additional measures taken as part of an effort to “recapitalize” the Obligated Group. These measures include the following recently completed actions or developments:

• The Modification as described above;
• Higher tenant lease rental levels and annual escalators;
• Introduction of fuel commissions in tenant leases;
• Transfer of OPF Hangars Landlord LLC as a new subsidiary of SHC, providing annual cash ground lease savings of approximately $0.5 million to the Obligated Group;
• The waiver by Sky Harbour Services LLC of intercompany development, asset management and operating management fees slated to be charged to the Obligated Group during the construction period, an estimated benefit of $13 million to the Obligated Group;
• The active investment and rollover of cash in US Treasury securities at the various funds (construction, reserves) for increased interest income of $4 million; and
• The infusion of $1.2 million in cash from SHG to SHC/Obligated Group completed last January.

We believe these actions, originally announced in September 2022, are intended to fully prevent any potential funding gaps of the 2021 Project deriving from construction inflation. Any overfunding of the 2021 Project, as modified, from these measures will accrue to SHG in the form of released cash from the 2021 PABs waterfall at The Bank of New York Mellon, as trustee, at the end of construction period slated at the end of 2025.

Tal Keinan, Chairman and Chief Executive Officer, commented on the full year results: “Sky Harbour entered a new phase over the past year, conducting simultaneous flight operations on multiple fields (Houston, Nashville and Miami) for the first time. We commenced construction in two key jurisdictions (Denver and Phoenix) and executed a new ground lease in Dallas, one of the nation’s most attractive business aviation markets. The Sky Harbour organization has grown significantly, notably the Site Acquisition Team, responsible for driving the coming year’s ambitious growth plans. Our Development Team has managed an inflationary construction environment through flexibility and innovation. The Sky Harbour Finance Team has guided the firm through challenging economic conditions, successfully avoiding the liquidity and counterparty risks of the past quarter. Taking three airfields through the full development cycle, site acquisition through flight operations, has given Sky Harbour the opportunity to validate its business model, refine its methods and processes, and position its team for accelerated growth in the years ahead.”

Keinan also commented on the completion of the Modification: “Confronted with the past year’s inflation in construction costs, we took measures to preempt any potential funding gaps in the Obligated Group portfolio. We are stewards to both our stock and bondholders. Continually enhancing debt service coverage in the Obligated Group is a key corporate goal.”

Sky Harbour campuses are open and operating at Houston’s Sugar Land Regional Airport, Nashville International Airport and Miami Opa-Locka Executive Airport. Sky Harbour recently broke ground on new campuses at Denver Centennial Airport and Phoenix Deer Valley Airport.

About Sky Harbour Group Corporation

Sky Harbour Group Corporation is an aviation infrastructure company developing the first nationwide network of Home-Basing Solutions for business aircraft. The company develops, leases and manages general aviation hangars across the United States. Sky Harbour’s Home Basing Solution aims to provide private and corporate customers with the best physical infrastructure in business aviation, coupled with dedicated service tailored to based aircraft, offering the shortest time to wheels-up in business aviation. To learn more, visit www.skyharbour.group.

Forward Looking Statements

Certain statements made in this release are “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995, including statements about the financial condition, results of operations, earnings outlook and prospects of SHG. When used in this press release, the words “plan,” “believe,” “expect,” “anticipate,” “intend,” “outlook,” “estimate,” “forecast,” “project,” “continue,” “could,” “may,” “might,” “possible,” “potential,” “predict,” “should,” “would” and other similar words and expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements are based on the current expectations of the management of SHG as applicable and are inherently subject to uncertainties and changes in circumstances and their potential effects and speak only as of the date of such statement. There can be no assurance that future developments will be those that have been anticipated. These forward-looking statements involve a number of risks, uncertainties or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those discussed and identified in the public filings made or to be made with the SEC by SHG, including the filings described above, regarding the following: expectations regarding SHG’s strategies and future financial performance, including its future business plans, expansion plans or objectives, prospective performance and opportunities and competitors, revenues, products and services, pricing, operating expenses, market trends, liquidity, cash flows and uses of cash, capital expenditures, and SHG’s ability to invest in growth initiatives; SHG’s ability to scale and build the hangars currently under development or planned in a timely and cost-effective manner; the implementation, market acceptance and success of SHG’s business model and growth strategy; the success or profitability of SHG’s hangar facilities; SHG’s future capital requirements and sources and uses of cash; SHG’s ability to obtain funding for its operations and future growth; developments and projections relating to SHG’s competitors and industry; geopolitical risk and changes in applicable laws or regulations; the possibility that SHG may be adversely affected by other economic, business, and/or competitive factors; operational risks; and risks that the COVID-19 pandemic, and local, state, and federal responses to addressing the pandemic may have an adverse effect on SHG’s business operations, as well as SHG’s financial condition and results of operations. Should one or more of these risks or uncertainties materialize or should any of the assumptions made by the management of SHG prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. SHG undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Contacts

¹ As of that date, approximately $179 million was invested through brokerage or trust accounts consisting of US Treasury Bills, Notes or US Treasury securities only money market funds. The approximately $2 million balance was deposited in a working capital operating account at the largest banking institution in the US.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230328005947/en/

Investor Relations:

[email protected]

Attn: Francisco X. Gonzalez, CFO

KEYWORDS: United States North America New York

INDUSTRY KEYWORDS: Transportation Air Transport Travel

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Indiana American Water Acquires Claypool Water System in Northern Indiana

GREENWOOD, Ind.–(BUSINESS WIRE)–
Indiana American Water President Matt Prine today announced the company’s acquisition of the Claypool water system in northern Indiana. The purchase of the system adds approximately 150 water customers to the company’s customer base, which represents a population of more than 400 residents.

“The acquisition of this system will help hold future rates down for Claypool customers as needed investments are made and also provides access to operations and capital management water professionals and a number of customer service options and payment methods,” said Prine. “Indiana American Water already provides water service to several nearby communities, so this is a good fit for us and a continuation of our efforts to expand our presence across Indiana.”

The acquisition of the Claypool water system for $700,000 was approved by the Indiana Utility Regulatory Commission on February 22, 2023 and closed by Indiana American Water and the Town of Claypool on March 28, 2023.

According to Claypool Town Council President Benny Stage, “Claypool customers will benefit from Indiana American Water’s experience and expertise and the company’s large customer base across the state will provide much greater economies of scale and future rate stability by keeping water rates lower than they would have been as a small, stand-alone system.

“The business of providing water is getting more complicated every day, especially for smaller systems like ours that struggle with evolving regulatory issues and not having the scale to gain efficiencies in our operations,” said Stage. “The sale will also facilitate much needed improvements to the system and allow us to focus on other community needs.”

About Indiana American Water

Indiana American Water, a subsidiary of American Water (NYSE: AWK), is the largest investor-owned water utility in the state, providing high-quality and reliable water and wastewater services to more than 1.3 million people. With a history dating back to 1886, American Water is the largest and most geographically diverse U.S. publicly traded water and wastewater utility company. The company employs approximately 6,500 dedicated professionals who provide regulated and regulated-like drinking water and wastewater services to an estimated 14 million people in 24 states. American Water provides safe, clean, affordable, and reliable water services to our customers to help keep their lives flowing. For more information, visit amwater.com and diversityataw.com. Follow American Water on Twitter, Facebook and LinkedIn.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230328005923/en/

Media:

Joe Loughmiller

317-885-2434 (office)

317-903-7431 (cellular)

[email protected]

KEYWORDS: Indiana United States North America

INDUSTRY KEYWORDS: Utilities Energy

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Posted on March 28, 2023 6:03 pm

Wolfspeed Hosts the First Stop on the Biden Administration’s ‘Invest in America’ Tour at its Durham HQ

Wolfspeed Hosts the First Stop on the Biden Administration’s ‘Invest in America’ Tour at its Durham HQ

• President Biden delivered remarks about initiatives aimed to grow the American economy, such as investing in semiconductor manufacturers like Wolfspeed

DURHAM, N.C.–(BUSINESS WIRE)–
Today, Wolfspeed, Inc. (NYSE: WOLF), the global leader in Silicon Carbide technology, hosted the first stop of President Joe Biden’s ‘Invest in America’ tour at the company’s Durham, N.C. headquarters. The President highlighted initiatives designed to boost American manufacturing, rebuild the nation’s infrastructure and strengthen supply chains. U.S. Secretary of Commerce Gina Raimondo and North Carolina Governor Roy Cooper were also in attendance at the event.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230328005917/en/

(Photo: Business Wire)

As an American company at the forefront of the transition from silicon to Silicon Carbide to enhance technology efficiency and energy savings, Wolfspeed is committed to shaping the future of the semiconductor markets. Initiatives like the CHIPS & Science Act that are investing in and advancing the semiconductor industry will help propel the transition to electric vehicles, the move to faster 5G networks, the evolution of renewable energy and energy storage, and the advancement of industrial applications.

“We’re honored to have been the first stop on the President’s ‘Invest in America’ tour and to be recognized for our commitment to growing U.S. manufacturing and making a name for North Carolina in the tech space,” said Wolfspeed President and CEO, Gregg Lowe. “Silicon Carbide is at the heart of what we do — it’s essential to accelerating the adoption of EVs, delivering energy savings to consumers, and meeting global emission reduction targets. Wolfspeed is proud to play a critical role in fulfilling the objectives of the CHIPS & Science Act and the Inflation Reduction Act, and to reinforce U.S. leadership in the energy transition and the semiconductor industry.”

Wolfspeed currently produces more than 60% of the world’s Silicon Carbide materials at its Durham, N.C. headquarters, but is engaged in a $6.5 billion capacity expansion effort to dramatically increase production. This includes the opening of the company’s 200mm Mohawk Valley device fab in April 2022, and the construction of The John Palmour Manufacturing Center for Silicon Carbide, a 445-acre Silicon Carbide materials facility in North Carolina, which will expand the company’s existing materials capacity by more than 10x. Phase one construction for the materials facility is anticipated to be completed in 2024. Last month, Wolfspeed also announced plans to build a highly-automated, cutting-edge 200mm wafer fabrication facility in Saarland, Germany.

About Wolfspeed, Inc.:

Wolfspeed (NYSE: WOLF) leads the market in the worldwide adoption of Silicon Carbide and GaN technologies. We provide industry-leading solutions for efficient energy consumption and a sustainable future. Wolfspeed’s product families include Silicon Carbide materials, power devices and RF devices targeted for various applications such as electric vehicles, fast charging, 5G, renewable energy and storage, and aerospace and defense. We unleash the power of possibilities through hard work, collaboration and a passion for innovation. Learn more at www.wolfspeed.com.

Twitter: @Wolfspeed

LinkedIn: @Wolfspeed

Wolfspeed® is a registered trademark of Wolfspeed, Inc.

Forward Looking Statements:

This press release contains forward-looking statements by Wolfspeed involving risks and uncertainties, both known and unknown, that may cause Wolfspeed’s actual results to differ materially from those indicated. Actual results may differ materially due to a number of factors, including risks associated with Wolfspeed’s expansion plans, including design and construction delays and cost overruns, timing and amount of government incentives actually received, issues in installing and qualifying new equipment and ramping production, poor production process yields and quality control; the continued pace of the transition to using Silicon Carbide devices in electric vehicles and other industrial uses; Wolfspeed’s ability to develop and design Silicon Carbide devices that will continue to improve performance in broad markets; the rapid development of new technology and competing products that may impair demand or render Wolfspeed’s Silicon Carbide products obsolete; and other factors discussed in Wolfspeed’s filings with the Securities and Exchange Commission, including its report on Form 10-K for the year ended June 26, 2022, and subsequent filings. For additional product and company information, please refer to www.wolfspeed.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230328005917/en/

Media Relations:

Melinda Walker

Director, Corporate Communications

818-261-4585

[email protected]

Investor Relations:

Tyler Gronbach

VP, External Affairs

919-407-4820

[email protected]

KEYWORDS: United States North America North Carolina

INDUSTRY KEYWORDS: Automotive Technology Manufacturing White House/Federal Government Semiconductor Other Manufacturing Alternative Vehicles/Fuels Alternative Energy Public Policy/Government Energy 5G

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Carvana Kicks Off Sixth Season of Partnership with Phoenix Rising FC

Online Auto Retailer Anchors Uniform Sponsorship with Arizona’s Only Pro Soccer Club, Brings New Fan Experiences to Newly Relocated Stadium

PHOENIX–(BUSINESS WIRE)–Carvana, an industry pioneer for buying and selling used cars online, is partnering with USL Championship team, Phoenix Rising FC, as the team relocates to a brand new location in 2023, right in the heart of Phoenix, Arizona. Carvana has been Rising’s front-of-kit sponsor since 2018, marking the sixth season the brand has partnered with the Valley-based, two-time Western Conference Champions.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230328005904/en/

“Carvana has been a vital partner to Phoenix Rising for the past five seasons,” said Rising President Bobby Dulle. “Our front-of-jersey sponsor has helped the club reach milestones on the pitch and off. We’ve been proud to partner with an industry pioneer like Carvana on many important community initiatives since 2018. We look forward to building on those efforts again this season.”

In addition to the brand’s kit sponsorship, Carvana’s long-standing partnership with Rising includes a number of collaborative activations across the season. In 2023, as the club relocates to a brand new location minutes away from Phoenix Sky Harbor International Airport, Carvana will continue to be a presence onsite and continue to host the Carvana Corner VIP section at each match. Additionally, this year, Carvana customers in Arizona who choose home delivery or elect to pick up their vehicle at one of Carvana’s two signature Car Vending Machines in the Valley of the Sun can scan a QR code at pickup and be entered to win seating at the coveted Carvana Corner.

“We’re fortunate to continue partnering with Phoenix Rising in 2023, and meeting our customers in the spaces they already love,” said Ryan Keeton, Carvana co-founder and Chief Brand Officer. “As a fellow Arizona-based brand that’s dedicated to making exceptional, fun experiences affordable and accessible to all, Rising and Carvana are proud to gear up for another exciting season together this year.”

On April 1, the two-time USL Western Conference Championships and winners of the 2019 USL Regular Season Title will host its home opener against San Diego Loyal SC at 7:30 p.m. MST. One of the most affordable sporting event tickets in the Valley, Rising is now in the heart of Phoenix. Purchase tickets and see the full schedule for the season here.

About

Carvana is an industry pioneer for buying and selling used vehicles online. As the fastest growing used automotive retailer in U.S. history, its proven, customer-first ecommerce model has positively impacted millions of people’s lives through more convenient, accessible and transparent experiences. Carvana.com allows someone to purchase a vehicle from the comfort of their home, completing the entire process online, benefiting from a 7-day money back guarantee, home delivery, nationwide inventory selection and more. Customers also have the option to sell or trade-in their vehicle across all Carvana locations, including its patented Car Vending Machines, in more than 300 U.S. markets. Carvana brings a continued focus on people-first values, industry-leading customer care, technology and innovation, and is the No. 2 automotive brand in the U.S., only behind Ford, on the Forbes 2022 Most Customer-Centric Companies List. Carvana is one of the four fastest companies to make the Fortune 500 and for more information, please visit www.carvana.com and follow us @Carvana.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230328005904/en/

Carvana Communications

David Klemow

[email protected]

KEYWORDS: United States North America Arizona

INDUSTRY KEYWORDS: Sports Automotive Online Retail Technology Electronic Commerce Marketing Communications General Automotive Soccer Retail Internet

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Phoenix Rising FC players showcase the team’s Carvana-sponsored kits ahead of the 2023 home opener. (Photo: Business Wire)

Rumble bolsters commitment to independent creators by rolling out new features that improve user experience and provide additional monetization opportunities

NextDecade Clarifies Recent News Articles about its Financial Advisors

HOUSTON–(BUSINESS WIRE)–
Following recent news articles about its financial advisors, NextDecade Corporation (NextDecade) (NASDAQ: NEXT) is clarifying the following:

• Macquarie Capital (USA) Inc. has been NextDecade’s financial advisor since the second quarter of 2017;
• MUFG Bank, Ltd. (MUFG) has been NextDecade’s financial advisor since the first quarter of 2022; and
• Societe Generale (SocGen) has not been NextDecade’s financial advisor since the first quarter of 2022.

About NextDecade Corporation

NextDecade Corporation is an energy company accelerating the path to a net-zero future. Leading innovation in more sustainable LNG and carbon capture solutions, NextDecade is committed to providing the world access to cleaner energy. Through our wholly owned subsidiaries Rio Grande LNG and NEXT Carbon Solutions, we are developing a 27 MTPA LNG export facility in South Texas along with one of the largest carbon capture and storage (CCS) projects in North America. We are also working with third-party customers around the world to deploy our proprietary processes to lower the cost of carbon capture and storage and reduce CO₂ emissions at their industrial-scale facilities. NextDecade’s common stock is listed on the Nasdaq Stock Market under the symbol “NEXT.” NextDecade is headquartered in Houston, Texas. For more information, please visit www.next-decade.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230328005918/en/

[email protected]

[email protected]

KEYWORDS: Europe United States North America Asia Pacific Texas

INDUSTRY KEYWORDS: Energy Other Energy Oil/Gas

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Claims Conference Leases 33,803 Square Feet at ESRT’s 1359 Broadway

NEW YORK–(BUSINESS WIRE)–Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that its tenant, Claims Conference – a nonprofit organization that secures material compensation for Holocaust survivors around the world – signed a long term commercial lease at 1359 Broadway for 33,803 square feet. The company, a tenant at 1359 Broadway since 2007, will relocate to new office space within ESRT’s property in Midtown Manhattan.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230328005913/en/

Located in the heart of the Broadway Office Corridor, 1359 Broadway offers convenient access to major transportation and subway lines, dining, and retail. The building is fully modernized, and Claims Conference’s new space will be built with ESRT’s latest specs for IEQ and sustainability design.

“Tenants grow their businesses at ESRT, as evidenced by the 258 expansions of existing tenants by 2.5 million square feet since our 2013 IPO,” said Thomas P. Durels, executive vice president, real estate at ESRT. “We are glad to see Claims Conference relocate their office space within 1359 Broadway and continue to benefit from our leadership in energy efficiency, sustainability, and indoor environmental quality.”

Jason Schwartzenberg of Savills represented Claims Conference. Jordan Berger of ESRT and Paul J. Amrich, Neil V. King III, Emily Chabrier, Meghan Allen, and Shay Kenney of CBRE represented the property owner. Lester Bleckner & Shaw LLP was legal representation for ESRT.

More information about 1359 Broadway, and current available office space, can be found online.

About Empire State Realty Trust

Empire State Realty Trust, Inc. (NYSE: ESRT) is a REIT that owns and manages office, retail and multifamily assets in Manhattan and the greater New York metropolitan area. ESRT owns the iconic Empire State Building – the World’s Most Famous Building – and the newly reimagined Empire State Building Observatory that was named #1 attraction in the US, and #3 in the world, in Tripadvisor’s 2022 Travelers’ Choice Awards: Best of the Best. The company is a leader in healthy buildings, energy efficiency, and indoor environmental quality and has the lowest greenhouse gas emissions per square foot of any publicly traded REIT portfolio in New York City. As of Dec. 31, 2022, ESRT’s portfolio is comprised of approximately 8.9 million rentable square feet of office space, 741,000 rentable square feet of retail space and 721 residential units across three multifamily properties. More information about Empire State Realty Trust can be found at esrtreit.com and by following ESRT on Facebook, Instagram, Twitter and LinkedIn.

Source: Empire State Realty Trust

Category: Leasing

View source version on businesswire.com: https://www.businesswire.com/news/home/20230328005913/en/

MEDIA CONTACT:

Empire State Realty Trust

Jamie Steinberg

[email protected]

KEYWORDS: United States North America New York

INDUSTRY KEYWORDS: Commercial Building & Real Estate Construction & Property REIT

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Claims Conference Leases 33,803 Square Feet at ESRT’s 1359 Broadway (Photo: Business Wire)