Latest news with #Greenbriar
Axios
22-07-2025
- Business
- Axios
Real estate round-up: Tyler Perry, Greenbriar megaproject and a new hotel
Tyler Perry could expand his southwest Atlanta empire and a South Downtown pops up in the middle of South Downtown. Here's your development round-up. 🎬 Tyler Perry Land: The Atlanta-based media mogul is planning an entertainment district totaling up to 1.3 million square feet on 38 acres he owns at Fort McPherson, according to a state filing. The property is adjacent to Perry's 330-acre studio complex. The project would include a "variety of building uses, including office space, retail space, theatre, and associated parking." 🏡 Greenbriar's mega project: A New York-based developer wants to build more than 1,000 apartments and 250,000 square-feet of retail on 26 acres near Greenbriar Mall, the AJC reports. Invest Atlanta, the city's economic development arm, approved a $5 million loan to help New York-based developer Mural Real Estate Partners purchase the land that straddles Atlanta and East Point. In December 2024, Develop Fulton, the county's development authority, gave preliminary approval to a $23 million tax break for " Project Nexus," a code-named and secretive real estate deal that lines up with Mural's plans. 🏨 Origin's story: A South Downtown hotel that long sat in construction limbo is now open for business. Origin Hotel Atlanta, a Wyndham hotel, sits blocks away from City Hall and the Georgia Capitol in South Downtown, a likely hub during the FIFA World Cup. Features include an onsite restaurant and bar, gym and a top-floor event space with skyline views. 🌳 Fairburn mixed-use plan: Portman Holdings is moving forward with Meadow Glen Village, a 323-unit apartment community with a town green and space for retail and restaurants.
Yahoo
24-06-2025
- Business
- Yahoo
Greenbriar Sustainable Living Inc. Highlights Progress on Water Rights for Sage Ranch and Discusses Tehachapi Water Market
Scottsdale, Arizona--(Newsfile Corp. - June 24, 2025) - Greenbriar Sustainable Living Inc. (TSXV: GRB) (OTC Pink: GEBRF) ("Greenbriar" or the "Company") is pleased to share progress in securing water rights for its 995-home Sage Ranch development in Tehachapi, California. This update highlights Greenbriar's advancements toward meeting water supply goals, clarifies fair pricing benchmarks, and emphasizes our partnering efforts with local water rights holders and the City of Tehachapi. Significant Strides in Water Acquisition Greenbriar is pleased to announce that we have secured 188 net acre-feet (282 base acre-feet) of adjudicated water rights in the Tehachapi Basin, either through direct ownership or binding option agreements. With only 109 net acre-feet (164 base acre-feet) needed to reach the 297 net acre-feet required for our Water Supply Assessment (WSA), we are plan to complete this milestone in the foreseeable future. From 2024 court filings using excerpts from the Tehachapi Cummings County Water District, the Tehachapi Basin has a robust surplus, including over 2,400 adjudicated acre-feet of unused water annually from an 8,020 base acre-feet allocation and a court filed 23,000+ acre-feet of state water, ensuring ample supply to support the local community. The adjudicated Tehachapi basin contains 370,000 acre-feet. Note that Greenbriar at this moment is choosing adjudicated deeded water rights (versus river water from the State Water Project) and we are working with local owners of water rights to obtain the additional increment required. Setting Transparent Water Pricing Benchmarks Greenbriar in its informed opinion, anticipates future purchases to remain within a fair range of $8,000 to $11,000 per acre-feet (albeit with some upside pressure due to Greenbriar's short-term demand requirement on the market), reflecting the basin's overall surplus supply and ensuring equitable value for all parties. Related benchmarks include a company director selling at $10,000 per baseline acre-feet purchased by Golden Hills in 2024, and a purchase in 2023 and 2024 by the City of Tehachapi for 23 baseline acre-feet from the Gerson Stiekman Trust (2023) and 55 baseline acre-feet from the Bozenich Trust (2024), each for $7,500. Regrettably, there is an inaccurate data point in the local media stating that our firm paid $29,000 per baseline acre foot for water in a July 2024 article. To clarify -- the price Greenbriar paid for this option was not $29,000 per acre feet, but rather less than $11,000 per acre feet. Greenbriar is actively working with local media to correct this inaccurate $29,000 figure, reinforcing our commitment to transparency and accurate market data. Expected Softening of Water Prices Post-Acquisition Once Greenbriar secures the remaining 109 net acre-feet, we anticipate in our opinion, a softening and likely decline of water prices in the Tehachapi Basin, driven by the market's significant surplus. With over 2,400 acre-feet of adjudicated water unused each year and 23,000+ acre-feet of state water available, the basin's overall supply far exceeds current demand. After completing our purchases, Greenbriar believes that the absence of its buying activity is likely to lead to prices stabilizing at lower levels, rather than the current benchmarks of $8,000 to $11,000 driven solely by Greenbriar. The above is verified by many government parties willing to lease Greenbriar adjudicated water, but Greenbriar believes that direct ownership is the current way to proceed. This shift likely represents an opportunity for water rights holders to monetize idle assets and for future projects to access water cost-effectively, aligning with our shared goal of sustainable resource use. Greenbriar views this as a positive step toward a more efficient and accessible water market, benefiting the Tehachapi community and beyond. Building Strong Partnerships with Water Rights Holders Greenbriar is working to collaborate with key water rights holders in a collegial and mutually beneficial manner to secure the remaining water rights. Our approach prioritizes fair pricing, open communication, and shared commitment to unlocking the value of unused water, which currently generates minimal leasing to no revenue for owners while supporting low-cost agricultural leases. By working together, we aim to create opportunities that advance Sage Ranch while providing economic benefits for water owners, fostering a spirit of partnership that strengthens the Tehachapi Basin's water market. Next Steps with the City of Tehachapi and Stakeholders Greenbriar is working to deepen its collaboration with the City of Tehachapi, the California State Water Resources Control Board, and other regional partners as we finalize our water portfolio. Our roadmap includes: Completing Water Acquisitions: Finalizing agreements for the remaining 109 net acre-feet in the coming months, supported by our $40M construction loan commitment from Voya. Refiling the WSA: Submitting an updated Water Supply Assessment to confirm Sage Ranch's water security, paving the way for construction start, which can be done regardless of the 4th COA. Engaging the Community: Maintaining transparent dialogue with local stakeholders to ensure Sage Ranch delivers sustainable, entry-level housing, bolstered by the USDA 502D Direct Loan program and other federal mortgage programs for the hard-working professionals in the Tehachapi region. Aligning with Regulators: Partnering with state and local authorities to promote efficient water use and compliance with the California Environmental Quality Act (CEQA), ensuring Sage Ranch sets a standard for responsible development. A Sustainable Future for Sage Ranch and Tehachapi Greenbriar's progress in securing water rights reflects our unwavering commitment to delivering Sage Ranch as a beacon of sustainable living. With strong committed financing from Voya, a path to meeting water needs, and collaborative partnerships, we are poised to create a vibrant community that enhances Tehachapi's economic and environmental landscape. The anticipated softening of water prices post-acquisition will further support sustainable development in the region, creating opportunities for all stakeholders. We extend our gratitude to our shareholders, water rights holders, and the City of Tehachapi for their support and look forward to sharing further milestones as we bring Sage Ranch to fruition. Montalva Update Greenbriar has timely filed to the Appeal Court the PREB approval to our PREPA approved settlement. The settlement requires the completion of some terms in the draft PPOA and this additional language is required to make the settlement complete. Cordero Ranch The company's independent professional engineers are replotting the 6,726 approved lots (67% of that belong to our property) to better connect the first 400 units to the existing water and sewage lines. About Greenbriar Sustainable Living Inc. Greenbriar is a leading developer of sustainable real estate and renewable energy. With long-term, high impact projects and led by a successful industry-recognized operating and development team, Greenbriar targets deep valued assets directed at accretive shareholder value. ON BEHALF OF THE BOARD OF DIRECTORS "Jeff Ciachurski" Jeffrey J. CiachurskiChief Executive Officer and DirectorPhone: 949.903.5906 The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release includes "forward-looking statements" and "forward-looking information" within the meaning of Canadian securities laws and United States securities laws (together, "forward-looking statements"). All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the closing of the Shares for Debt Transaction, the issuance of Common Shares, and the approval of the Shares for Debt Transaction by the TSX Venture Exchange. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "anticipate", "believe", "plan", "estimate", "expect", "potential", "target", "budget", "propose" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof. Forward-looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which the Company operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. These include assumptions regarding, among other things: general business and economic conditions. There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include those described under the heading "Risks and Uncertainties" in the Company's most recently filed MD&A (a copy of which is available under the Company's SEDAR profile at The Company does not undertake to update or revise any forward-looking statements, except in accordance with applicable law. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
22-05-2025
- Business
- Associated Press
KKR Leads Financing for Greenbriar's Acquisition of West Star Aviation
NEW YORK--(BUSINESS WIRE)--May 22, 2025-- KKR, a leading global investment firm, today announced that credit funds and accounts managed by KKR served as lead investors on a debt financing for Greenbriar Equity Group's acquisition of West Star Aviation ('West Star' or the 'Company'). Since its founding in 1947, West Star has built a reputation as a premier service provider for business aviation. The Company offers comprehensive MRO capabilities across aircraft manufactured by every major OEM and maintains the largest aircraft on ground ('AOG') technician network nationally, ensuring prompt and reliable mobile repair services. Supported by a deeply knowledgeable and experienced management team, West Star remains focused on delivering excellent customer service and quality. 'West Star is an exceptional business with comprehensive capabilities and a strong customer value proposition that aligns with Greenbriar's strategy of partnering with market leading aviation and aerospace businesses poised for growth,' said Noah Blitzer, a Managing Director at Greenbriar. 'We are grateful for KKR's support, which will help enable us, alongside management, to continue building on West Star's legacy as a premier MRO provider delivering high quality service to its customers.' 'We are pleased to support Greenbriar in its acquisition of West Star Aviation, which we believe is well-positioned to expand its market reach in the resilient and growing aviation MRO space,' said Gene Kolodin, a Managing Director at KKR. About KKR KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR's insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR's investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR's website at For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group's website at About Greenbriar Greenbriar is a middle market private equity firm with 20+ years of experience investing in market-leading services and manufacturing businesses. With $10+ billion of cumulative capital commitments, its investment strategy targets businesses led by experienced management teams capitalizing on strong long-term growth prospects that can benefit from Greenbriar's deep sectoral expertise, strategic insight, and operating capabilities. For more information, please visit About West Star Aviation With more than 78 years of industry experience, West Star Aviation stands as a leading independent Maintenance, Repair, and Overhaul (MRO) provider. Employing over 3,000 professionals, West Star offers comprehensive services from our strategically located full-service facilities in East Alton, IL; Grand Junction, CO; Chattanooga, TN; Millville, NJ; Perryville, MO; and Statesville, NC, as well as multiple satellite locations. The company's extensive capabilities encompass airframe maintenance, paint, interior, and avionics services, supported by the largest Aircraft On Ground (AOG) technician network in the country, ensuring prompt and reliable mobile repair services nationwide. View source version on Julia Kosygina or Lauren McCranie |[email protected] KEYWORD: UNITED STATES NORTH AMERICA NEW YORK INDUSTRY KEYWORD: ASSET MANAGEMENT PROFESSIONAL SERVICES FINANCE SOURCE: KKR Copyright Business Wire 2025. PUB: 05/22/2025 07:00 AM/DISC: 05/22/2025 06:59 AM
Yahoo
22-05-2025
- Business
- Yahoo
KKR Leads Financing for Greenbriar's Acquisition of West Star Aviation
NEW YORK, May 22, 2025--(BUSINESS WIRE)--KKR, a leading global investment firm, today announced that credit funds and accounts managed by KKR served as lead investors on a debt financing for Greenbriar Equity Group's acquisition of West Star Aviation ("West Star" or the "Company"). Since its founding in 1947, West Star has built a reputation as a premier service provider for business aviation. The Company offers comprehensive MRO capabilities across aircraft manufactured by every major OEM and maintains the largest aircraft on ground ("AOG") technician network nationally, ensuring prompt and reliable mobile repair services. Supported by a deeply knowledgeable and experienced management team, West Star remains focused on delivering excellent customer service and quality. "West Star is an exceptional business with comprehensive capabilities and a strong customer value proposition that aligns with Greenbriar's strategy of partnering with market leading aviation and aerospace businesses poised for growth," said Noah Blitzer, a Managing Director at Greenbriar. "We are grateful for KKR's support, which will help enable us, alongside management, to continue building on West Star's legacy as a premier MRO provider delivering high quality service to its customers." "We are pleased to support Greenbriar in its acquisition of West Star Aviation, which we believe is well-positioned to expand its market reach in the resilient and growing aviation MRO space," said Gene Kolodin, a Managing Director at KKR. About KKR KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR's insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR's investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR's website at For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group's website at About Greenbriar Greenbriar is a middle market private equity firm with 20+ years of experience investing in market-leading services and manufacturing businesses. With $10+ billion of cumulative capital commitments, its investment strategy targets businesses led by experienced management teams capitalizing on strong long-term growth prospects that can benefit from Greenbriar's deep sectoral expertise, strategic insight, and operating capabilities. For more information, please visit About West Star Aviation With more than 78 years of industry experience, West Star Aviation stands as a leading independent Maintenance, Repair, and Overhaul (MRO) provider. Employing over 3,000 professionals, West Star offers comprehensive services from our strategically located full-service facilities in East Alton, IL; Grand Junction, CO; Chattanooga, TN; Millville, NJ; Perryville, MO; and Statesville, NC, as well as multiple satellite locations. The company's extensive capabilities encompass airframe maintenance, paint, interior, and avionics services, supported by the largest Aircraft On Ground (AOG) technician network in the country, ensuring prompt and reliable mobile repair services nationwide. View source version on Contacts Julia Kosygina or Lauren McCranie | Media@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
22-05-2025
- Business
- Business Wire
KKR Leads Financing for Greenbriar's Acquisition of West Star Aviation
NEW YORK--(BUSINESS WIRE)--KKR, a leading global investment firm, today announced that credit funds and accounts managed by KKR served as lead investors on a debt financing for Greenbriar Equity Group's acquisition of West Star Aviation ('West Star' or the 'Company'). Since its founding in 1947, West Star has built a reputation as a premier service provider for business aviation. The Company offers comprehensive MRO capabilities across aircraft manufactured by every major OEM and maintains the largest aircraft on ground ('AOG') technician network nationally, ensuring prompt and reliable mobile repair services. Supported by a deeply knowledgeable and experienced management team, West Star remains focused on delivering excellent customer service and quality. 'West Star is an exceptional business with comprehensive capabilities and a strong customer value proposition that aligns with Greenbriar's strategy of partnering with market leading aviation and aerospace businesses poised for growth,' said Noah Blitzer, a Managing Director at Greenbriar. 'We are grateful for KKR's support, which will help enable us, alongside management, to continue building on West Star's legacy as a premier MRO provider delivering high quality service to its customers.' 'We are pleased to support Greenbriar in its acquisition of West Star Aviation, which we believe is well-positioned to expand its market reach in the resilient and growing aviation MRO space,' said Gene Kolodin, a Managing Director at KKR. About KKR KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR's insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR's investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR's website at For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group's website at About Greenbriar Greenbriar is a middle market private equity firm with 20+ years of experience investing in market-leading services and manufacturing businesses. With $10+ billion of cumulative capital commitments, its investment strategy targets businesses led by experienced management teams capitalizing on strong long-term growth prospects that can benefit from Greenbriar's deep sectoral expertise, strategic insight, and operating capabilities. For more information, please visit About West Star Aviation With more than 78 years of industry experience, West Star Aviation stands as a leading independent Maintenance, Repair, and Overhaul (MRO) provider. Employing over 3,000 professionals, West Star offers comprehensive services from our strategically located full-service facilities in East Alton, IL; Grand Junction, CO; Chattanooga, TN; Millville, NJ; Perryville, MO; and Statesville, NC, as well as multiple satellite locations. The company's extensive capabilities encompass airframe maintenance, paint, interior, and avionics services, supported by the largest Aircraft On Ground (AOG) technician network in the country, ensuring prompt and reliable mobile repair services nationwide.
