MetaProp NYC, ICSC sign new partnership and announced the initial 2015/2016 startups for inaugural class

Rentalutions, Radiator Labs, Social Sign.in, Notion and Optii Solutions named first 2015 cohort participants at event in ICSC’s Manhattan headquarters

NEW YORK, 2015-8-27— /EPR Retail News/ — MetaProp NYC, the New York real estate technology accelerator, signed an agreement with the International Council of Shopping Centers (ICSC) and announced its initial 2015/2016 cohort participants at an invitation only event with more than 60 real estate technology entrepreneurs, investors, innovation champions and guests at ICSC’s headquarters in Midtown Manhattan on Aug. 25.

MetaProp NYC Co-Founder Aaron Block remarked, “ICSC is a powerhouse in the real estate industry and their organization brings an important perspective to our all star lineup of partners, mentors and start-ups.  Retail real estate offers one of the biggest opportunities in today’s property technology industry.”

The MetaProp NYC accelerator annually selects eight of the best technology-driven real estate start-ups to participate in its 16-week program that is based in New York City.  The accelerator will invest $4 million to $5 million over the next five years in approximately 40-50 startups.  Early stage startups receive at least $25,000 in cash, access to a vast mentor network and access to Class A office space for 16 weeks, in exchange for six percent of common stock. In addition, later stage startup participants receive up to $250,000 in funding.

ICSC’s newly inked agreement with MetaProp NYC brings an expansive network of industry contacts and resources to the table. The world’s largest association for the retail real estate industry has more than 70,000 members in over 100 countries, and will serve as a tremendous resource for the eight companies.

“We are excited to partner with MetaProp NYC and to support industry innovation through these young startups,” said Michael P. Kercheval, ICSC’s president and CEO. “Technology is having a major moment in the retail real estate industry and is influencing every sector, from how consumers shop to how retailers are reaching these consumers.”

ICSC joins MetaProp NYC’s additional corporate partners including REBNY, Zillow, Warburg Realty, DLA Piper, EisnerAmper, The News Funnel and BigApps NYC 2015.

The first selections in the accelerator’s inaugural program include:

  • Rentalutions – platform for landlords that allows them to complete a host of duties electronically, saving time and money. Features include automatic listing, tenant screening, digital leasing, online rent payments and maintenance monitoring.
  • Radiator Labs – offers a smart radiator cover that instantly converts old cast-iron radiators into smartphone-controlled climate systems that boast profitable ROI, comfort, control, and energy savings.
  • SocialSign.in –Wi-Fi marketing solution that enables businesses to leverage their guest Wi-Fi network to increase engagement, learn about customers and build relationships.
  • Notion – streamlined home monitoring systems with one small device that incorporates eight types of sensors that can detect motion, acceleration, moisture, light, proximity, and sound.
  • Optii Solutions – housekeeping software that improves productivity, efficiency and quality for hotels around the world.

MetaProp NYC Co-Founder Clelia Peters remarked, “We will continue to select up to five more companies from a pool of 150 office, retail, residential, storage, hospitality and leisure real estate technology applications received during our two-month admissions period.  That said, we have been extremely selective so far and these startups set a high bar for the rest of the class. Not only are they successfully solving some of real estate’s most pressing problems, they also have the support of other influential investors and accelerator programs like TechStars, Plug & Play and the NYU Polytechnic incubator.”

About MetaProp NYC
MetaProp NYC is a NYC-based real estate tech accelerator that brings together the brightest minds in real estate and technology to help quickly build the industry’s most promising young companies. Each year, the eight best technology-driven real estate industry startups are selected to participate in the 16-week intensive growth program based in New York City. The program culminates in a Demo Day to partners, investors, VCs and media.

About ICSC
Founded in 1957, ICSC is the premier global trade association of the shopping center industry. Its more than 70,000 members in over 100 countries include shopping center owners, developers, managers, marketing specialists, investors, retailers and brokers, as well as academics and public officials. For more information, visit www.icsc.org or www.TheCenterofShopping.com.

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MetaProp NYC, ICSC sign new partnership and announced the initial 2015/2016 startups for inaugural class

MetaProp NYC, ICSC sign new partnership and announced the initial 2015/2016 startups for inaugural class

CBL & Associates Properties, Inc. President Stephen D. Lebovitz nominated for ICSC Chairmanship

New York, 2015-1-23 — /EPR Retail News/ — The International Council of Shopping Centers (ICSC) announced today that Stephen D. Lebovitz, president and CEO of CBL & Associates Properties, Inc., has been selected by ICSC’s Board of Trustees nominating committee to serve as the association’s chairman for the 2015–2016 term.  If, as expected, Lebovitz is elected at ICSC’s annual meeting of members in May during RECon, he will succeed Robert F. Welanetz, global retail real estate advisor for Blackstone Real Estate Partners, and become the association’s 56th chairman.

Lebovitz, along with his father Charles who served as CEO until 2010, and two brothers — Alan, the firm’s senior vice president for asset management; and Michael, who is executive vice president for development and administration — have overseen the dramatic growth of CBL since it went public in 1993. Today the firm boasts a $10 billion market capitalization and some $4 billion in equity value, about 80 malls or large open-air centers, and an additional 50 smaller community, power and open-air centers.

“Under Stephen’s skillful leadership, we have watched CBL grow and prosper, even during some very challenging economic times,” said Michael P. Kercheval, ICSC’s president and CEO. “ICSC has similarly benefited from his insights and extraordinary energy. I can’t think of anyone more suited to leading our organization in the coming year.”

Even before Lebovitz joined CBL, he cultivated an early enthusiasm for the industry, working summer jobs during his years at Stanford University at such companies as JMB Realty Corp., Trammel Crow Co., and — between college and Harvard Business School — Goldman Sachs. “I had this magnetic attraction to real estate,” he said, noting that he has also taught college courses on the subject.

Lebovitz has been active in ICSC since the very beginning of his career. Shortly after graduating from Harvard Business School and setting up CBL’s Northeast office, in Boston, he was invited by past ICSC Chairman Stephen Karp, now chairman of New England Development, to get involved in ICSC and become the organization’s state director for Massachusetts. He was subsequently named ICSC’s Eastern divisional vice president and has also served as an ICSC state operations chairman, an ICSC trustee and on the Executive Committee. Lebovitz has also been an active ICSC faculty member. “ICSC really has been the facilitator for so many relationships that I’ve been able to develop over the years in the business,” Lebovitz said. “By volunteering, by working, that’s how you get to know people.”

ICSC should also do all it can to toot the industry’s horn when it comes to shopping centers’ contribution to society, Lebovitz says. “There are so many positives that shopping centers add to the economy, to communities, to individuals,” he said. “I just think we need to do all we can to get that story out there.”

“Stephen’s vast industry expertise, coupled with his extensive ICSC volunteer experience, makes him uniquely qualified to lead this organization, given the many changes the industry and the association are facing in today’s dynamic retail environment,” said Drew Alexander, president and CEO of Weingarten Realty Investors and chairman of ICSC’s Nominating Committee of the Board of Trustees.

Lebovitz, 54, does not spend all his spare time in malls though, and his philanthropic activities are many. He is a trustee of Milton (Mass.) Academy. He is a former director, campaign chairman and committee chairman for the Combined Jewish Philanthropies of Boston and received that organization’s Edwin Sidman Leadership Award in 2014. He is also a former member of the Trust Board of Boston Children’s Hospital.

An avid cyclist, Lebovitz won a silver medal and a bronze medal competing in the international Maccabiah Games last year. In addition, he has completed the annual Pan-Mass Challenge fundraiser for cancer research these past 15 years and the Leadville Trail 100 mountain bike race these past eight years. Lebovitz lives with his wife, Lisa, in Weston, Mass., and they have four children.

Founded in 1957, ICSC is the premier global trade association of the shopping center industry. Its more than 68,000 members in over 100 countries include shopping center owners, developers, managers, marketing specialists, investors, retailers and brokers, as well as academics and public officials.  For more information, visit www.icsc.org.

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Contact: Jesse Tron
+1 646-728-3814
jtron@icsc.org
@JesseTronPR

CBL & Associates Properties, Inc. President Stephen D. Lebovitz nominated for ICSC Chairmanship

ICSC President and CEO Michael P. Kercheval announced plans to retire in January 2016

ICSC President and CEO Michael P. Kercheval has announced he will retire in 2016.

New York,  2014-10-1— /EPR Retail News/ — Kercheval, who will be 60 upon his planned retirement in January 2016, has headed ICSC for 13 years, a period that has seen the organization expand dramatically from about 40,000 in 2001 to some 67,000 currently. ICSC has also grown internationally, forging links with associations across the world; it now has members in 109 countries, and there is an ICSC event occurring somewhere on just about every day of the year.

Kercheval joined ICSC in 2000 and succeeded John T. Riordan as president and CEO in May 2001. He is only the third chief executive in the organization’s 57-year history. Before that, he worked for 20 years in real estate investment banking, most recently as a senior executive with Lend Lease Real Estate Investments.

“While 2016 might seem like a long way away, I want to be certain that there is a smooth transition of leadership and that the process takes into consideration all of the opportunities that a change in leadership can create,” Kercheval said in an announcement to the Board of Trustees, past trustees and ICSC staff. “On a quick personal note, with the last of my children now out of the house and a desire to allocate more of my time to some of my other interests, I had long ago set a goal to retire relatively early and to turn over the reins of this great association to the next generation of leaders.”

ICSC HEADQUARTERS

1221 Avenue of the Americas
41st floor
New York, NY 10020-1099
PHONE: +1 646 728 3800
FAX: +1 732 694 1755
EMAIL: icsc@icsc.org

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ICSC President and CEO Michael P. Kercheval announced plans to retire in January 2016

ICSC President and CEO Michael P. Kercheval announced plans to retire in January 2016