四川快乐12

  • About
  • Spotlight
  • Blogs
  • Heritage
  • Slavery (Never Forget)

Translate

Wednesday, January 15, 2020

Minority-Owned Investment Firms Lands Big Deal to Redevelop New York’s JFK International Airport

JetBlue JFK

Launched just shy of a year ago, American Triple I Partners (ATI) has captured its biggest deal as a financing partner for the JFK International Airport in New York.

JetBlue and JFK Millennium Partners chose ATI as a 30% equity investor in the JFK redevelopment, a project estimated to exceed $2 billion. New York-based ATI is a 100% minority-owned and managed business enterprise (MWBE). It is a developer and manager of infrastructure assets with decades of experience in project development and finance.

JetBlue, with sizeable operations at JFK, was selected by the Port Authority of New York and New Jersey to build a 1.2 million-square-foot terminal featuring up to 12 international gates, about 74,000 square feet of commercial dining and retail amenities, including lounges and recreational space.

ATI, affiliated with Siebert Williams Shank & Co., LLC, the nation’s largest minority-and women-owned financial firm, will be a financing partner for Terminals 6 and 7.

Plans call for ATI to focus its efforts on investing and managing funds for the project from traditional institutional investors and minority and female investors, along with helping lead the project’s community engagement initiatives.

An infrastructure investment firm, ATI was created after Henry Cisneros, the former U.S. Housing and Urban Development Secretary under President Bill Clinton, teamed with principals from Siebert Cisneros Shank to start the venture last February. SCS recently completed its merger with Williams Capital Group.

“With their vast investment and leadership experience and commitment to community partnership, we are proud to welcome American Triple I Partners to the team,” Lisa Reifer, vice president Infrastructure, Properties and Development, JetBlue, stated in a news release. “ATI’s participation strengthens and diversifies the JetBlue/JMP Partnership to the benefit of this world-class terminal project.”

American Triple I CEO David J. Cibrian shared with Black Enterprise via email what the project will mean for ATI financially. “As a fund manager, we are successful by maximizing revenues and minimizing/mitigating risks as much as possible in the projects we develop and manage. Our ownership stake will put us in a unique position to do that.”

He says it’s hard to overstate the importance of a project like this, both in terms of how it will improve the experience of the flying public and produce a positive economic impact on the New York City region. He added it will improve the image of U.S. airports in the eyes of our international visitors. “We were selected as part of an extremely competitive process because of the value, experience and capabilities we bring to the partnership.”

Cibrian reflected further why the project is a big deal for ATI and how it could help the firm generate new business at other big infrastructure projects around the country.

“The JFK project affirms Triple I’s position as an impact player in infrastructure finance and development,” Cibrian says. “Having been selected for such a critical project says a lot about the quality and experience of our team.”

Owners of ATI include Henry Cisneros, Cibrian, John Paul Cisneros, and Siebert Williams Shank principals Suzanne Shank, former New York City Comptroller William C. Thompson Jr., and Gary Hall, former chairman of the Municipal Securities Rulemaking Board.



from Black Enterprise https://ift.tt/2QWwddq

Minority-Owned Investment Firms Lands Big Deal to Redevelop New York’s JFK International Airport

JetBlue JFK

Launched just shy of a year ago, American Triple I Partners (ATI) has captured its biggest deal as a financing partner for the JFK International Airport in New York.

JetBlue and JFK Millennium Partners chose ATI as a 30% equity investor in the JFK redevelopment, a project estimated to exceed $2 billion. New York-based ATI is a 100% minority-owned and managed business enterprise (MWBE). It is a developer and manager of infrastructure assets with decades of experience in project development and finance.

JetBlue, with sizeable operations at JFK, was selected by the Port Authority of New York and New Jersey to build a 1.2 million-square-foot terminal featuring up to 12 international gates, about 74,000 square feet of commercial dining and retail amenities, including lounges and recreational space.

ATI, affiliated with Siebert Williams Shank & Co., LLC, the nation’s largest minority-and women-owned financial firm, will be a financing partner for Terminals 6 and 7.

Plans call for ATI to focus its efforts on investing and managing funds for the project from traditional institutional investors and minority and female investors, along with helping lead the project’s community engagement initiatives.

An infrastructure investment firm, ATI was created after Henry Cisneros, the former U.S. Housing and Urban Development Secretary under President Bill Clinton, teamed with principals from Siebert Cisneros Shank to start the venture last February. SCS recently completed its merger with Williams Capital Group.

“With their vast investment and leadership experience and commitment to community partnership, we are proud to welcome American Triple I Partners to the team,” Lisa Reifer, vice president Infrastructure, Properties and Development, JetBlue, stated in a news release. “ATI’s participation strengthens and diversifies the JetBlue/JMP Partnership to the benefit of this world-class terminal project.”

American Triple I CEO David J. Cibrian shared with Black Enterprise via email what the project will mean for ATI financially. “As a fund manager, we are successful by maximizing revenues and minimizing/mitigating risks as much as possible in the projects we develop and manage. Our ownership stake will put us in a unique position to do that.”

He says it’s hard to overstate the importance of a project like this, both in terms of how it will improve the experience of the flying public and produce a positive economic impact on the New York City region. He added it will improve the image of U.S. airports in the eyes of our international visitors. “We were selected as part of an extremely competitive process because of the value, experience and capabilities we bring to the partnership.”

Cibrian reflected further why the project is a big deal for ATI and how it could help the firm generate new business at other big infrastructure projects around the country.

“The JFK project affirms Triple I’s position as an impact player in infrastructure finance and development,” Cibrian says. “Having been selected for such a critical project says a lot about the quality and experience of our team.”

Owners of ATI include Henry Cisneros, Cibrian, John Paul Cisneros, and Siebert Williams Shank principals Suzanne Shank, former New York City Comptroller William C. Thompson Jr., and Gary Hall, former chairman of the Municipal Securities Rulemaking Board.



from Black Enterprise https://ift.tt/2QWwddq

Read more...



from The Root https://ift.tt/2RqbzBw

四川快乐12

  • Latest Content - Esquire
    Forget Bill Clinton. The Analogue for Trump's Impeachment Is Andrew Johnson.
    1 hour ago
  • theGrio
    Tyler Perry responds to criticism about not having a writers’ room
    1 hour ago
  • BlackPRWire.com - Press Releases
    (BPRW) Marvel Studios’ “Black Widow” New Featurette Now Available
    2 hours ago
  • African Americans News
    The progressive message isn’t resonating with older African Americans. Here’s why
    3 hours ago
  • News – Black America Web
    Warren, Sanders Spar In Dem Debate
    15 hours ago
  • Life & Style – Black America Web
    Tamar Braxton Is Getting Her Own Beauty Show
    20 hours ago
  • Black America Web
    Inside The James Ingram Tribute At #UrbanOneHonors [Video]
    1 day ago
  • Entertainment – Black America Web
    Inside The James Ingram Tribute At #UrbanOneHonors [Video]
    1 day ago
  • AFRICANAH.ORG
    Tuli Mekondjo
    2 days ago
  • GOOD BLACK NEWS
    Prince to Receive All-Star Grammy Tribute Starring Alicia Keys, Beck, Foo Fighters, Sheila E.
    5 days ago
  • If You Missed It – Black America Web
    Tom’s Surprise: Jennifer Hudson
    4 weeks ago
  • Blogs – Black America Web
    Breast Cancer Awareness Lasts More Than A Month
    2 months ago
  • African-American News
    Vanessa Williams:
    3 years ago

四川快乐12

  • Black Christian Reads
    Who are you?-Ever since I saw the first preview of the movie, Overcomer, I wanted to see it. I was ready. Pumped. The release month was etched in my mind. When the time...
    2 months ago

Black Business

  • Black Enterprise
    Minority-Owned Investment Firms Lands Big Deal to Redevelop New York’s JFK International Airport-[image: JetBlue JFK]American Triple I, a minority-owned investment firm, has been chosen to work with JetBlue as an equity partner in the new JFK Airport r...
    3 hours ago
  • Black EOE Journal
    Charles Barkley donates $1 million to Miles College, an HBCU in his native Alabama-Over the course of his philanthropic efforts, Charles Barkley has made injecting cash into Historically Black Colleges and Universities (HBCUs) a priorit...
    1 day ago
  • The Network Journal
    3 New Money Habits for 2020 (No. 1 Is Forget Budgets!)-After recently completing my second half-marathon race in October, I’m mulling my new fitness goals for 2020. At the very least, I’m considering running th...
    2 days ago
  • The Network Journal - African American News, Financial News & Advice | Business and Career Growth Magazine for Black Professionals
    Doing Business with Millennials, A Smart Move, According to New Study-According to a recently released study from the Bureau of Labor Statistics—millennials--the much ballyhooed group of people born between 1980 and the ear...
    3 years ago

Black Fitness

  • Fit Club
    Ending The Breakfast, Shower, Fasting Debates - Fit Club-*We talk the 5 healthy habits to live longer, the breakfast challenge between Dr. Oz and Mark Wahlberg, the benefits of hot showers and cold showers, and...
    12 hours ago

Black Fashion

  • Black Beauty Magazine |Black Hair Styles, Natural Hair Styles, Fashion and Beauty Editorials
    ALL OVER YOUR BODY ?-In today’s featured review (on Sandalwood & Bergamot Blended Butter) Vicki is excited to learn that you can use our butters all over your body. Check it ...
    4 hours ago

Black Travel

  • blackcruisetravel.com
    How To Host A Game Night-Hosting A Game Night + A List of Adult Games Game night is not just for kids anymore!Adult game nights are becoming more and more common thanks to an a...
    23 hours ago
  • Minority Nomad
    Why Now is the Best Time to Visit Vietnam and Cambodia-Vietnam and Cambodia are those kinds of places that stand out to travelers. A bit exotic but not too far off the grid for those that value safety and con...
    1 week ago
  • Black Travel Journey
    Downtown Camper by Scandic-
    3 months ago
  • Comments on: EBONY Travel Destinations
    -

Black Notes

  • Munaluchi Bride
    Muna Love Affair is Coming to ATLANTA!-The Muna Love Affair is coming to ATLANTA! Join us for an unforgettable bridal show experience hosted by the Four Seasons Hotel and featuring numerous ve...
    2 hours ago
  • I Am Black Sci-Fi
    ‘Binti’ Is Coming To Hulu-For all of our readers who are Nnedi Okorafor fans today brings big news. According to The Hollywood Reporter, “Media Res is bringing author Nnedi Okoraf...
    17 hours ago
  • African American Hairstyles
    The Beginner’s Guide for Buying & Wearing Hair Wigs-Source: Pixabay Having amazing looking hair is something virtually everyone wants. This is why it’s so disappointing and heartbreaking when the strands b...
    1 day ago
  • Minority Nomad
    Why Now is the Best Time to Visit Vietnam and Cambodia-Vietnam and Cambodia are those kinds of places that stand out to travelers. A bit exotic but not too far off the grid for those that value safety and con...
    1 week ago
  • African American Literature Blog
    Celebrating Kwanzaa the MahoganyBooks Way-In celebration of Kwanzaa, MahoganyBooks is holding a special Books for the Block FREE book giveaway. Each baby or school-age child that visits our store b...
    3 weeks ago
  • Blog of AALBC.com’s Founder & Webmaster
    AALBC is Done with Amazon!-For almost 22, years AALBC has exposed readers of all backgrounds to books written by, or about, people of African
    4 months ago
  • Blog – Soulful RV Family
    On a Serious Note…….-On a Serious Note Nobody is immune to life changes and stressors.Yeah, I realize that I am not telling you anything that you didn’t already know, but whe...
    8 months ago
  • BlackLoveAdvice.com
    The REAL Secret to Happy Relationships…-[image: The REAL Secret to Happy Relationships...]Happy relationships begin with a compatible attachment style All my girlfriends had been quite clingy. ...
    1 year ago
  • African American Art – Framed Black Pictures, Wall Artwork
    African Venus T-Shirt-African Venus Women’s Premium T-Shirt
    2 years ago

Interesting Black Links

  • Bossip
    Let Freedom Ring: 12 Rare Photos Of Dr. Martin Luther King Jr.-
    1 hour ago
  • The Root
    It’s All Greek to Me: After Pushback and a Petition, Ralph Lauren Apologizes to Phi Beta Sigma for 'Chino-gate'-When in Rome, do as the Romans do. When in Ralph Lauren, keep our black Greek iconography off of your chinos. In what was the latest but likely most inad...
    1 hour ago
  • EBONY
    Zeta Phi Beta Sorority, Inc. Celebrates 100 Years!-We revisit this January 2018 article and celebrate ZPB's centennial today along with its members.
    8 hours ago
  • I Am Black Sci-Fi
    ‘Binti’ Is Coming To Hulu-For all of our readers who are Nnedi Okorafor fans today brings big news. According to The Hollywood Reporter, “Media Res is bringing author Nnedi Okoraf...
    17 hours ago
  • BET Networks
    Washington Nationals Pitching Prospect Fausto Segura Dies-The 23-year-old was reportedly struck by a van while riding.
    20 hours ago
  • UrbanGeekz
    Top 10 UrbanGeekz Stories Highlighting Diverse Innovators in 2019-Every year we strive to create engaging and original content that showcases diverse innovators.This year was no different and PR Newswire even recogniz...
    2 weeks ago
  • Black Web
    Nike First Sponsored African American Athlete-The athlete is the hardest working people we have ever seen, and they do lots of practice just to achieve their goals and dreams. Their career and future...
    3 years ago

Minority-Owned Investment Firms Lands Big Deal to Redevelop New York’s JFK International Airport

Launched just shy of a year ago, American Triple I Partners(ATI) has captured its biggest deal as a financing partner for the JFK Interna...