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XLB ETF: Building Materials In Demand As Construction Spending Rises

Select Sector SPDR

America appears to be on the brink of a construction renaissance. Despite the counter-intuitive trend of rising interest rates fueling an increase in building, the Commerce Department reports a consistent surge in construction spending post-pandemic. Much of this expenditure is being channeled into non-residential and commercial projects, indicative of the pent-up demand generated during the pandemic years. The recently passed infrastructure bill by Congress may also be contributing to this increase in demand for building materials. The need for materials to sustain this growth remains strong. Investors seeking to capitalize on this construction upturn can consider the exchange-traded fund (ETF), the Materials Select Sector SPDR Fund ( XLB ), which encapsulates this active sector. Market-Cap Weighting XLB tracks a market-cap-weighted index of U.S. basic materials companies. The fund includes only the materials components of the S&P 500. And with a low cost expense ratio of 0.10%* and over $5 billion in assets under management, XLB offers easy access to the sector. This sector is key to the economy and advisors and investors should consider XLB as a portfolio sleeve alongside other sectors. Building is always happening and now there could be an upward trend. The companies comprising XLB are big players in the industry. Steel, timber, and masonry are core components. Top holdings** are Linde with a weighting of 20.44%, followed by Air Products and Chemicals (7.08%), paint maker Sherwin-Williams (6.88%), and miner Freeport-McMoRan (6.17%). The rest of the top holdings include Ecolab, Nucor, Dow, Corteva, DuPont de Nemours, and PPG Industries. Investment Opportunities Amidst Construction Boom The diversity of the holdings within the fund, ranging from miners to paint manufacturers, provides investors with a well-rounded portfolio within a single fund. This allows for potential upside during an industry upswing. Taking into account recent industry challenges such as supply chain disruptions and environmental regulations, investing in XLB could prove advantageous. The ETF's holdings are well-positioned to navigate these issues, with many companies adopting innovative solutions to mitigate supply chain disruptions and aligning their operations with stringent environmental regulations. For instance, companies like Sherwin-Williams and Freeport-McMoRan are implementing sustainable practices in their operations, which not only comply with environmental regulations but also lead to operational efficiencies. Undoubtedly, the building materials sector plays a pivotal role in the economy. As such, advisors and investors should consider adding XLB to their portfolios, given the persistent relevance of the building industry and it’s potential. In conclusion, the XLB ETF presents a unique investment opportunity that capitalizes on the current construction landscape. It’s a solid choice for those looking to invest in a diverse portfolio of basic materials companies. Now is the time to consider the Materials ETF, XLB, to take advantage of the potential construction boom. DISCLAIMER: This is a work of research and should not be taken as investment or financial advice. Therefore, Select Sector SPDRs or the publisher is not liable for any decision made based on the publication. About the Company: Select Sector SPDR ETFs offer flexibility and customization opportunities. Many investors have similar outlooks, but no two are exactly alike. Select Sector SPDR ETFs let investors select the sectors that best meet their investment goals. * Ordinary brokerage fees apply ** Holdings, Weightings & Assets as of 8/31/23 subject to change DISCLOSURES The S&P 500 Index is an unmanaged index of 500 common stocks that is generally considered representative of the U.S. stock market. The index is heavily weighted toward stocks with large market capitalizations and represents approximately two-thirds of the total market value of all domestic common stocks. The S&P 500 Index figures do not reflect any fees, expenses or taxes. An investor should consider investment objectives, risks, fees and expenses before investing. One may not invest directly in an index. Transparent ETFs provide daily disclosure of portfolio holdings and weightings All ETFs are subject to risk, including loss of principal. Sector ETF products are also subject to sector risk and nondiversification risk, which generally will result in greater price fluctuations than the overall market. Diversification does not eliminate risk. An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information, call 1-866-SECTOR-ETF (732-8673) or visit Read the prospectus carefully before investing. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is distributor for the Select Sector SPDR Trust. Media Contact: Company: Select Sector SPDRs Contact: Dan Dolan* Address: 1290 Broadway, Suite 1000, Denver, CO 80203 Country: United States Email: Website: *Dan Dolan is a Registered Representative of ALPS Portfolio Solutions Distributor, Inc. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is the distributor for the Select Sector SPDR Trust. SEL006877 EXP 10/31/23 Contact Details Dan Dolan Company Website

September 14, 2023 08:00 AM Eastern Daylight Time

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Harvest Thermal's Smart Battery HVAC Wins Major Efficiency Award at CEE ‘23

Harvest Thermal

Bay Area climate tech startup Harvest Thermal has achieved another level of recognition in the energy efficiency ecosystem. Its smart thermal battery won the Consortium of Energy Efficiency’s Integrated Home Competition award, putting it closer to top-of-mind for installers, homebuilders, and homeowners looking to dramatically reduce emissions from homes. The Integrated Home Competition recognizes newly available products that will work to achieve CEE’s vision of a comfortable, convenient, connected home. It promotes devices and systems that meet consumer expectations in terms of interoperability, reliability, and simplicity of use with an emphasis on delivering energy performance and demand savings. “It’s a proud moment for the team at Harvest Thermal to take the top prize in what is essentially Center Court of the energy efficiency world,” said CEO Jane Melia. “It’s quite an honor to earn the recognition of utility experts who must ensure the delivery of reliable, cost-effective electricity that is safe for a livable planet. ” By decarbonizing home heating and hot water, Americans can slash 10% of national emissions and ⅔ of their lifestyle emissions. Harvest’s integrated home heating and hot water solution cuts emissions by 90% compared to gas equipment and lowers bills by 30% on average. Harvest is proud to be recognized as a leading solutions provider for anyone who owns and heats their home or water. ABOUT HARVEST THERMAL Harvest Thermal is redesigning home heating and hot water for the planet. Its market-leading thermal battery system cuts carbon emissions by 90% from home heating and hot water compared to gas and 50% compared to heat pumps without storage. The cloud-connected Harvest Pod leverages software, sensors, and controls to reduce carbon emissions, and save an average of 30% off monthly heating bills. It also supports a cleaner, cheaper, and more resilient grid. Founded in 2019, Harvest Thermal has received support from the National Science Foundation, the California Energy Commission, Peninsula Clean Energy, and private investors. RECENT AWARDS NREL Industry Growth Forum’s 2023 People’s Choice Award, Edison Award for Sustainable Design, Consumer Solutions Fast Company’s Most Innovative Companies List for 2023. CEO Jane Melia was named Entrepreneur Magazine’s 100 Women of Influence 2022 ABOUT THE CONSORTIUM OF ENERGY EFFICIENCY The CEE Integrated Home is a connected, fuel-neutral, interactive, and efficient home where devices and systems effectively communicate to provide new value to customers, utility systems, and society. The Integrated Home Competition supports this vision through public promotion of commercially available solutions that are simple, reliable, well-designed, and highly functional. It provides a platform for distinguishing innovation in service to Integrated Demand-side Management objectives, including traditional energy savings. The Competition is organized by the Air-Conditioning, Heating, and Refrigeration Institute (AHRI), the American Lighting Association (ALA), the Consortium for Energy Efficiency (CEE), and UL Solutions; it is sponsored by over thirty energy efficiency utilities, trade associations, and research entities across the United States and Canada. Contact Details Harvest Thermal David Tuft +1 202-494-0813 Company Website

September 13, 2023 12:29 PM Pacific Daylight Time

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Ready Together: Nextdoor Helps to Build Local Readiness for National Preparedness Month


A video to accompany this release can be found here: Imagine turning to the person next door in a crisis and knowing they're ready to lend a hand. When disaster strikes, proximity matters, and your neighbors are a vital resource. From high intensity hurricanes like 2022’s Hurricane Ian, to the extreme heat hitting much of the country this summer, to most recently, the heartbreaking wildfires ravaging Maui, the frequency, severity and number of counties affected by extreme weather events has been on the rise. In fact, between January 2013 and January 2023, 88.5% of all U.S. counties declared a natural disaster, including 95% of the 200 most populated counties. Research shows that well-connected neighbors are more resilient in disaster situations. This September, National Preparedness Month is the time to connect with neighbors and prepare for emergencies that may hit your community. As you prepare your home and family for weather events, build a plan with your community to pool resources, evaluate needs and ensure every neighbor is prepared and connected. Neighborhood network app Nextdoor connects people to the neighborhoods that matter to them so that they can thrive. It's where neighbors turn to give or get trusted advice, recommendations and help; during a crisis, this purpose takes a crucial role. Caty Kobe, Nextdoor's Head of Community, conducted a nationwide media tour providing information about neighborhood resilience, the power of community in crisis moments, and important tips and tools for building a Neighborhood Preparedness plan. Topics that were discussed included: • The latest Nextdoor features and tools that help neighbors stay connected during a weather event • How neighbors on Nextdoor are leveraging the platform to encourage community preparedness and resilience • The long-term benefits of fostering a prepared and connected neighborhood, beyond just the month of awareness. • Anecdotes and examples of neighbors helping neighbors in your region during a natural disaster. • How individuals and communities can actively participate in National Preparedness Month through Nextdoor FOR MORE INFORMATION VISIT: NEXTDOOR.COM/CRISIS To connect with your neighbors on, download the app on Google Play or the Apple App Store, or visit About Nextdoor Nextdoor (NYSE: KIND) is where you connect to the neighborhoods that matter to you so you can belong. Kindness is core to our purpose: to cultivate a kinder world where everyone has a neighborhood they can rely on. Neighbors around the world turn to Nextdoor daily to receive trusted information, give and get help, get things done, and build real-world connections with those nearby — neighbors, businesses, and public services. Today, neighbors rely on Nextdoor in more than 305,000 neighborhoods across 11 countries. In the U.S., 1 in 3 households uses the network. Nextdoor is based in San Francisco. For additional information and images: Contact Details YourUpdateTV +1 212-736-2727

September 13, 2023 01:15 PM Eastern Daylight Time

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Hanson Lab Solutions, One of The Most Experienced Suppliers in Laboratory Furniture, Expands

Hanson Lab Solutions

Hanson Lab Solutions, known as the largest single-source supplier of steel laboratory casework in the Western United States, proudly announces a significant expansion of its national presence. In a strategic move, Hanson Lab Solutions has been acquired by Progress Equity Partners, a prominent private equity company, fueling its nationwide growth and innovation. Hanson Lab Solutions Announces Expansion Hanson has gained a reputation for its revolutionary Agility™ laboratory benches, characterized by robust, heavy-gauge construction and premier modular capabilities that offer unrivaled flexibility. This expansion is marked by two remarkable developments: the introduction of Hanson Express, an enhanced quick ship program, and the launch of the innovative M-Series workstations. Hanson Express - Redefining Speed and Selection Hanson Lab Solutions is rebranding its quick ship program, formerly known as Looped Logic, to Hanson Express. Established in 2006, Looped Logic was the staple of quick ship programs, enabling customers to swiftly receive high-quality laboratory furniture and equipment. Today, Hanson Express boasts an impressive inventory of over 1000 linear feet of laboratory tables, cabinets, fume hoods and accessories ready for immediate shipping. This rapid fulfillment service is reinforced by a commitment to maintaining all the services that made Looped Logic exceptional while expanding product offerings. Introducing M-Series: Workstations for Modern Lab Environments A new addition to Hanson Lab Solutions' product lineup is the M-Series workstations. These modular bench systems are designed to meet the demands of modern laboratories, offering advanced field adaptability features such as integrated power, gas, data, lighting and even USB compatibility. The M-Series Tables provide a blend of sleek design and functionality, all with adjustable height countertops. Constructed from heavy-gauge materials, they ensure durability and reliability even in the most demanding laboratory environments, all while offering a competitive price point. About Hanson Lab Solutions Shaping Future-Ready Labs for Over 50 Years Hanson Lab Solutions, a full-service manufacturer of laboratory tables, cabinets, fume hoods and accessories, has shaped more than 30,000 laboratories across Life Sciences, Biotech, Pharmaceutical and Institutional industries. Our broad range of modular products includes the new high-quality M-series lab furniture and cutting-edge Agility™ workstations that can be easily reconfigured to meet any lab need. As a direct manufacturer,­­­ our unmatched delivery speed, comprehensive suite of services, and unparalleled quality set us apart. With our dedicated project team guiding you every step of the way, we provide end-to-end solutions, from planning to installation, crafting efficient and innovative workspaces tailored to your specific needs. Learn more about Hanson Lab Solutions at or contact us at or 805-498-3121. Contact Details Chief Outsiders Sandy Barger +1 818-331-0258 Company Website

September 13, 2023 10:00 AM Eastern Daylight Time

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How Clean Energy Jobs are Driving the Economy


The Inflation Reduction Act (IRA) is the largest investment in climate and clean energy in U.S. history, and within the last year, companies have created more than 170,600 new clean energy jobs nationwide. Recently, Lori Lodes, the Executive Director of Climate Power, and Gina McCarthy, Former White House Climate Advisor, participated in a nationwide satellite media tour to discuss how families are benefitting from the law and how clean energy jobs are reshaping the economy. A video accompanying this announcement is available at: Clean energy projects created 170,606 new jobs in 44 states between August 16, 2022 and July 20, 2023. There are 272 new clean energy projects in small towns and big cities nationwide, totaling $278 billion in new investments. Plans include 91 new battery manufacturing sites in places like Tucson, Arizona; Rochester, New York; and Florence County, South Carolina. So far, companies have announced plans for 65 new or expanded electric vehicle manufacturing facilities in Savannah, Georgia; Montgomery, Alabama; Auburn Hills, Michigan — and more. A further 84 plans were announced to develop wind and solar manufacturing in cities including Cochranton, Pennsylvania; Pensacola, Florida; and Georgetown, Texas. The majority of projects are in five states — Michigan, Georgia, South Carolina, California, and Texas. The jobs being created across the country are good-paying opportunities for electricians, mechanics, construction workers, technicians, support staff, and thousands of others. Many of these clean energy jobs come with higher wages and good benefits without requiring a four-year degree — meaning they’re accessible to most Americans. For more information, visit About Lori Lodes Lori Lodes is the executive director of Climate Power, a strategic communications operation focused on building political will and public support for bold climate action. It was founded going into the 2020 US presidential election and played a key role in establishing climate as a core message for the Biden campaign and Build Back Better agenda. Before stewarding Climate Power, Lori spent a handful of years in corporate communications at Apple. She was deputy director of communications for Hillary Clinton's campaign in 2016, and she spent many years working on communication initiatives for the Affordable Care Act and About Gina McCarthy The first White House National Climate Advisor and former U.S. EPA Administrator, Gina McCarthy, is one of the nation’s most respected voices on climate change, the environment, and public health. As head of the Climate Policy Office, McCarthy’s leadership led to the most aggressive action on climate in U.S. history, creating new jobs and unprecedented clean energy innovation and investments across the country. Her commitment to bold action, supported by the climate and clean energy provisions in the Bipartisan Infrastructure Law and the Inflation Reduction Act, restored U.S. climate leadership on a global stage and put a new U.S. national target to cut greenhouse gas emissions by 50-52 percent below 2005 levels by 2030 within reach. Contact Details YourUpdateTV +1 212-736-2727

September 12, 2023 01:16 PM Eastern Daylight Time

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StarPoint Properties Sells Opportunity Zone Property and delivers a tax-free 242% ROI

StarPoint Properties

StarPoint Properties, a leading real estate investment firm known for delivering above market and asymmetrical returns, today announced the close of a $49.5 million sale of 6 th Street Point, a new 179,000 SF industrial property located on a 9.8-acre site at 24712 6th Street, San Bernardino, California. The buyer for the Opportunity Zone (OZ) project was a global institutional real estate firm Designated by the US Government in 2017, Opportunity Zones were created to spur economic growth and job creation in lower income communities while providing tax benefits to investors. “While most OZ investments are planned for a 10-year hold, our Prime and Prime OZ Program, is able to maximize returns on this investment in just three years,” said Paul Daneshrad, CEO and Founder of Starpoint Properties. “As a result, by selling now and rolling these funds into multiple other investments, we’ll be able to pursue future projects that will continue to yield the highest returns possible for our investors.” The first OZ sale for the firm, this stands out as one of the few full cycle OZ sales in the marketplace to date. At a 242% ROI, following the firm’s acquisition of the land for $6.5 million in 2020, the sale clearly demonstrates StarPoint’s ability to execute on its Prime and Prime strategy and sets a trend for future OZ investments to come. The sale highlights the success of StarPoint Properties' approach to OZ’s through their “Prime and Prime” program, which focuses on targeting the two strongest asset classes – multi-family and industrial – as well as sourcing the strongest locations and delivering the highest returns by optimizing assets and capital. The firm plans to roll the profits into multiple investments which they already have in place throughout Colorado and Arizona. The location of this project, adjacent to the San Bernadino International Airport in the heart of the Inland Empire, currently has less than a 2.9% vacancy rate and is considered one of the most sought-after warehouse/distribution markets in the county. The property includes in-demand amenities including 36’ ft. clear heights, built-in dock-levelers, and wiring for roof solar panels and electric forklifts. Located in an unparalleled industrial submarket, 6th Street Point will be a highly valued asset for corporate tenants within logistics, automotive and manufacturing industries. “In today’s real estate investment market, it is critical that investors work with a firm that is diligent, creative yet intelligent in their approach to all phases of the deal cycle, from acquisition through execution to disposition,” emphasized Daneshrad. “It is the only way to maximize returns and keep investments safe.” StarPoint Properties is a leading real estate investment and operating company focused on the acquisition, development and redevelopment of undervalued commercial properties in high-growth sub-markets throughout the United States. Since its inception in 1995, StarPoint has transacted over $2.0 billion in commercial and multifamily real estate. It operates a portfolio valued at more than $1 billion. For more information, visit Contact Details The Hoyt Organization Kelly Reynolds +1 310-343-3197 Company Website

September 07, 2023 09:00 AM Pacific Daylight Time

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Lee Covington to Succeed Frank Nutter as RAA President


The Reinsurance Association of America (RAA), the leading trade association of property and casualty reinsurers, today announced that Lee Covington, current President and CEO of The Surety & Fidelity Association of America (SFAA), has been named President-elect of the RAA, succeeding Frank Nutter, who will retire effective December 31, 2023, after 32 years as President of the Association. Mr. Covington will assume the role of President on January 1, 2024. Mr. Covington has led the SFAA since 2018. Prior to that, he was Senior Vice President, Government Affairs and General Counsel of the Insured Retirement Institute. He has also held positions at Squire Patton Boggs, PWC, Director of the Ohio Department of Insurance, and Deputy Director of the Arkansas Insurance Department. In announcing these developments Justin O’Keefe, Chair of the RAA’s Board of Directors said, “Over the last four decades, Frank has grown the RAA into the leading voice for the reinsurance industry in the United States. Guided by Frank’s leadership, integrity, and vision, the RAA team has addressed some of our industry’s most complex issues at both a federal and state level. On behalf of the RAA Membership, Board of Directors and staff I would like to thank Frank for his unwavering commitment to the RAA and wish him and his family a happy retirement.” Mr. O’Keefe continued, “I am delighted to welcome Lee to the RAA. He is an immensely qualified leader and his deep expertise and extensive career in insurance industry advocacy and regulation will be invaluable to the RAA. The board and I look forward to working with Lee as he continues to advance the RAA’s strategic priorities and advocate on behalf of our members.” The Reinsurance Association of America is the leading trade association of property and casualty reinsurers doing business in the United States. RAA membership is diverse, including reinsurance underwriters and intermediaries licensed in the U.S. and those that conduct business on a cross-border basis. The RAA also has life reinsurance affiliates and insurance-linked securities (ILS) fund managers and market participants that are engaged in the assumption of property/casualty risks. The RAA represents its members before state, federal and international bodies. Contact Details Reinsurance Association of America Barb Carroll +1 202-783-8390 Company Website

September 06, 2023 04:10 PM Eastern Daylight Time

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Stamford Office Furniture Announces the Launch of its New Website

Stamford Office Furniture

Stamford office Furniture (SOF), a leading MillerKnoll Certified Dealer proudly serving the Connecticut and Westchester New York area, is pleased to announce the official launch of our new website: The website has been carefully designed to provide an enhanced user experience and offer our valued customers an easily accessible platform to explore our wide range of workplace furniture solutions and services. Designed with simplicity and functionality in mind, the website showcases our dedication to providing exceptional furniture solutions for A&D project managers, real estate brokers and all users: Businesses, Education, Healthcare and Government. Key Features of the New Website: 1. Comprehensive Product Overview: Browse through the site to see examples of the furniture we offer, from high performance office chairs to stylish conference tables, all designed to elevate your workspace for greater productivity, worker satisfaction and company profitability. We have partnerships with over 200 creative and innovative manufacturers featuring Herman Miller, Knoll, OFS, BRC and NaughtOne. 2. Project Portfolio: Discover inspiring workplace images and products showcasing the transformative power that furniture can have in delivering inspiring spaces for Business, Healthcare facilities and Education institutions. 3. Expert Guidance: Gain valuable insights, with tips and recommendations on creating ergonomic, productive, and visually appealing workplace environments. 4. Contact Information: At the point you feel inspired connect with us easily through the website to schedule free consultations, request quotes, or inquire about specific products and services. 5. Responsive Design: Our website is optimized for desktop, tablet, and mobile devices, ensuring a seamless browsing experience on any platform. At SOF, we are passionate about helping clients create workspaces that inspire creativity and innovation, increase productivity, and foster a greater sense of well-being. As a certified MillerKnoll dealer, we uphold the highest standards of quality, innovation, and sustainability in all our offerings. Greg Durkin, President of SOF, "I am proud to present our new website to our valued clients and partners. This platform represents a significant milestone in our commitment to provide exceptional furniture solutions. The website's user-friendly design and imagery reflect our dedication to delivering the best possible experience to our clients. With the new website, we aim to inspire businesses across Connecticut and Westchester by showcasing the endless possibilities of our furniture solutions. Whether it's enhancing ergonomics, elevating aesthetics, or boosting productivity, our team is here to guide you every step of the way. I invite you all to explore the website and discover how we can transform your workspace into an environment that fosters success and well-being. We are excited about the future and look forward to continuing our tradition of excellence.” Durkin said. For further inquiries or assistance, call 203-388-2297 or email to About Stamford Office furniture: SOF is a leading supplier of workplace furniture to Business, Healthcare, Education and Government sectors. Family operated; SOF has been in business for almost 50 years with clients ranging from start-ups to Fortune 500 companies. SOF boasts one of the top performing sales teams in the industry, represents over 200 creative & innovative furniture brands and is a MillerKnoll Certified Dealer, which is a “big deal” and a coveted designation we have been proud to be for almost 2 decades. SOF features an actual working showroom, with all our associates’ workspaces specifically developed in a way to showcase the solutions and fine furniture we sell. Contact Details Greg Durkin

September 06, 2023 11:13 AM Eastern Daylight Time

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Newport Beach Plastic Surgeons Dr. Joseph Cerni and Dr. Nadir Qazi Sued for Fraud and Retention of Stolen Property

Stone LLP

Karen A. Sunday & Associates Inc., a well-regarded commercial real estate broker, recently filed a multi-count lawsuit against Dr. Joseph S. Cerni and Dr. Nadir Qazi, along with their affiliated medical practices and others, for failing to pay, and unlawfully withholding, an earned real estate commission. The lawsuit alleges fraud, breach of contract and unlawful retention of stolen property, among other counts. According to the lawsuit, in May 2022, Dr. Nadir Qazi reached out to Karen Sunday, President of Karen A. Sunday & Associates, seeking her expertise to acquire a building for his Newport Beach cosmetic surgery practice, the Qazi Cosmetic Center. Responding quickly, Sunday reached out to one of her long-time clients, well-known Newport Beach plastic surgeon, Dr. Joseph S. Cerni, owner of Forever Ageless in Newport Beach, inquiring about his interest in selling his office to Qazi. According to court documents, in July 2022, Sunday sent a binding letter of intent to both doctors for the sale of the building, located at 20271 Southwest Birch Street, Suite 100, in Newport Beach with a sale price of $4.75 million. The lawsuit contains various transactional details, including the purchase price, deposit contingencies, escrow conditions, and most crucially, the broker commission. As part of the agreement, Sunday was set to receive a 4% commission from Cerni. Additionally, Court documents allege Qazi was to pay an additional 2% commission for his participation in the transaction. Neither Cerni nor Qazi ever paid for the brokerage services rendered by Sunday and instead aided and abetted each other by unlawfully withholding Sunday’s earned commission. According to the complaint on file in Orange County Superior Court, when the sale closed in December 2022, both Dr. Cerni and Dr. Qazi reneged on their commitment, denying Sunday her rightfully earned commission totaling $285,000. The lawsuit sheds light on the doctors’ intentional deceit, alleging they misled Sunday with a promise to pay their respective commissions to Sunday upon the close of escrow yet failed to do so. The lawsuit seeks damages of no less than $4 million, citing California’s fraud statute in addition to the breach of contract claims. Sunday is represented by Elliott H. Stone, Esq., of Stone LLP, in Irvine California. The lawsuit names among the defendants: Joseph S. Cerni, D.O. a Professional Corporation, JSC Holdings LLC, Rockitgram LLC, Belle Vie Wellness and Medical Aesthetics Inc., Beautiful Reflections Inc., Forever Ageless, Inc., Nubella Med Spa, Inc., Pure Fix Medical Institute, Inc., Qazcorp, Qazi Cosmetic and Monumental Investments LLC. Karen Sunday & Associates, Inc., is a commercial real estate broker specializing in both Tenant and Landlord Representation headquartered in Newport Beach, California. Karen’s expertise is in the leasing and sales of office, industrial, and retail real estate in Southern California. More information at Stone LLP is a law firm that represents businesses throughout California in complex litigation involving business, construction, real estate, and employment disputes. Download a copy of the lawsuit here and at Contact Details John P. David +1 888-859-6637 Company Website

September 05, 2023 11:16 AM Pacific Daylight Time

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