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Bus firm struggling to survive after drivers lured to lorries 

Shortage of drivers is creating problems at small and large bus companies.

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More on this story, bumper 20% pay rise for hundreds of hgv drivers over next two years, north at risk of being 'cut off at tourist season peak' in rail strike, cost-of-living emergency declared at scottish crisis summit, fuel prices continue to rise after cost of filling car hits £100.

The manager of a bus company in South Lanarkshire said the company will struggle to survive if it cannot fill driver vacancies.

Max Cairns, from JMB Travel, told STV News that many staff have left the business to join the HGV industry, which also faces shortages.

The company has 25 vacancies, but can’t compete with higher wages being offered to drive lorries. 

“It’s posing a significant challenge and we simply can’t continue to run the level of service without getting new bodies in the business,” he said.

“It’s just not viable anymore.”

The firm is now trying to entice new drivers to the sector, with former cleaner Kylia Aitchison among those currently training.

She said becoming a trainee bus driver was a “great opportunity” and she sits her theory test soon.

“It’s a very precarious time for the bus industry”. Max Cairns, JMB Travel

“It is scary to start with,” she said. “You’ve got your width and your length and all that to think of. It’s daunting at first, but you get there.”

The company is hopeful the training school will be a worthwhile investment – but it’s costing them around £3,000 per head and Scottish Government pandemic funding is due to end in July.

Mr Cairns believes it’s too early to remove financial support, branding it a “critical time” for the sector.

He said: “We’re not back at normal passenger levels and that’s a result of not running full services because we don’t have enough drivers.

“It’s a very precarious time for the bus industry”.

Big firms struggling too

Larger firms are also struggling to fill vacancies. First Bus said it was down 300 staff on pre-covid levels.

The company has also had to reduce the frequency of services and is relying heavily on drivers working overtime.

Head of operations Paul Clark said: “We’re in a very competitive job market where we’re having to compete against other sectors which we historically haven’t had to do.

“The expansion of home delivery, warehouse operatives and the large salaries that are now available to people to drive lorries in the HGV sector.”

Brexit is also impacting the business, with the availability of applicants “significantly down”.

Among those who want a career behind the wheel, however, is Rhys Holland, who is following in his grandfather’s footsteps.

The 19-year-old “loved” his 12 months of training and has been promoted to lead driver.

“At one point we were driving over the Erskine Bridge and the sun was setting and I was like, ‘wow, I actually get paid to do this job’ and that’s when it really hit home for me that this is the job I want to do.”

A Transport Scotland spokesperson said: “Staffing pressures placed on the bus industry due to the  Covid-19 pandemic are being compounded by the consequences of Brexit, which is causing labour market shortages across many sectors.

“We are working with bus operators and our partners across the public sector to promote the bus sector as a place to work while recognising that many of the levers are reserved to the UK Government.

“We have provided up to £210m in funding to support bus services during the pandemic and £40m in additional funding to support recovery this year.”

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A-Mark acquires 79.5% shares of e-commerce retailer JM Bullion

Fully integrated precious metals platform A-Mark has reached an agreement to purchase Dallas-headquartered precious metals e-commerce retailer JM Bullion (JMB).

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Under the agreement, A-Mark will acquire the remaining 79.5% of the issued and outstanding shares of JMB it does not own.

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A-mark precious metals inc.

The total consideration is $138.3m, comprising of $103.7m of cash and $34.6m of A-Mark common stock.

In 2014, the company acquired a minority stake of JMB.

JMB operates five separately branded, company-owned websites: JMBullion.com, ProvidentMetals.com, Silver.com, GoldPrice.org, SilverPrice.org. It also merchandises through eBay.

A-Mark CEO Greg Roberts said: “E-commerce platforms like JMB have been taking substantial market share from the traditional brick-and-mortar and offline coin dealers and are becoming a significantly growing share of the global precious metals market.

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“With this acquisition, JMB immediately becomes the anchor in our direct-to-retail strategy, significantly bolstering A-Mark’s capabilities and dramatically broadening our consumer-facing footprint and brand portfolio.

“Given our familiarity with JMB, including our close working relationship with its leaders and integrated workstreams, we are confident that as a truly unified organisation, we will be able to more effectively capitalise on the burgeoning demand for precious metals through online and e-commerce channels.”

Following the acquisition, JMB CEO and co-founder Michael Wittmeyer will continue to serve as CEO of JMB and will assume the title of executive VP of A-Mark’s Direct Sales segment.

Completion of the deal is subject to customary closing conditions and regulatory approval and expected to conclude in the first quarter of 2021.

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A-mark precious metals direct-to-consumer subsidiary jm bullion acquires gold.com website domain.

EL SEGUNDO, Calif., March 11, 2024 (GLOBE NEWSWIRE) --   JM Bullion, Inc. (JMB) , a leading e-commerce retailer of precious metals and wholly-owned subsidiary of A-Mark Precious Metals, Inc. (NASDAQ: AMRK) (A-Mark) , has acquired the gold.com domain. With this acquisition, JMB now owns both gold.com and silver.com , two of the most recognizable domains in the precious metals industry.

“The acquisition of the gold.com domain represents a significant investment in our direct-to-consumer growth strategy,” said JMB CEO Robert Pacelli. “The gold.com domain carries broad global appeal and is an extremely versatile asset that will be incorporated into our long term strategy. Prominent, single word domains are in high demand due to their scarcity, and benefits of such domains include instant brand recognition and enhanced marketability.”

Pacelli continued, “It’s rare to have an opportunity to acquire a category defining asset such as this, and we are excited to add the domain to our expanding portfolio. All gold.com traffic is currently being redirected to the JMB website , providing visitors with seamless access to the company's extensive range of products and services.”

Transaction Advisors Tracy A. Gallegos of Duane Morris LLP acted as legal advisor to JMB. Andrew Miller of ATM Holdings, Inc., in conjunction with Hilco Digital Assets, LLC, acted as financial advisor to the seller of the gold.com domain.

About A-Mark Precious Metals Founded in 1965, A-Mark Precious Metals, Inc. is a leading fully integrated precious metals platform that offers an array of gold, silver, platinum, palladium, and copper bullion, numismatic coins, and related products to wholesale and retail customers via a portfolio of channels. The company conducts its operations through three complementary segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending. The company’s global customer base spans sovereign and private mints, manufacturers and fabricators, refiners, dealers, financial institutions, industrial users, investors, collectors, e-commerce customers, and other retail customers.

A-Mark’s Wholesale Sales & Ancillary Services segment distributes and purchases precious metal products from sovereign and private mints. As a U.S. Mint-authorized purchaser of gold, silver, and platinum coins since 1986, A-Mark purchases bullion products directly from the U.S. Mint for sale to customers. A-Mark also has longstanding distributorships with other sovereign mints, including Australia, Austria, Canada, China, Mexico, South Africa, and the United Kingdom. The company sells more than 200 different products to e-commerce retailers, coin and bullion dealers, financial institutions, brokerages, and collectors. In addition, A-Mark sells precious metal products to industrial users, including metal refiners, manufacturers, and electronic fabricators.

Through its A-M Global Logistics subsidiary, A-Mark provides its customers with a range of complementary services, including managed storage options for precious metals as well as receiving, handling, inventorying, processing, packaging, and shipping of precious metals and coins on a secure basis. A-Mark’s mint operations, which are conducted through its wholly owned subsidiary  Silver Towne Mint , enable the company to offer customers a wide range of proprietary coin and bar offerings and, during periods of market volatility when the availability of silver bullion from sovereign mints is often product constrained, preferred product access.

A-Mark’s Direct-to-Consumer segment operates as an omni-channel retailer of precious metals, providing access to a multitude of products through its wholly owned subsidiaries,  JM Bullion ,  Goldline and LPM Group Limited (LPM) . JM Bullion is a leading e-commerce retailer of precious metals and operates seven separately branded, company-owned websites targeting specific niches within the precious metals market:  JMBullion.com ,  ProvidentMetals.com , Silver.com ,  GoldPrice.org ,  SilverPrice.org ,  BGASC.com , and  BullionMax.com . In addition to gold.com , JMB also owns  CyberMetals.com , an online platform where customers can purchase and sell fractional shares of digital gold, silver, platinum, and palladium bars in a range of denominations. Goldline markets precious metals directly to the investor community through various channels, including television, radio, and telephonic sales efforts.

Located in the heart of Hong Kong’s Central Financial District, LPM is one of Asia’s largest precious metals dealers. LPM offers a wide selection of products through its retail showroom and 24/7 online trading platform, including recently released silver coins, gold bullion, certified coins, and the latest collectible numismatic issues. A-Mark also holds minority ownership interests in four additional direct-to-consumer brands.

The company operates its Secured Lending segment through its wholly owned subsidiary, Collateral Finance Corporation ( CFC ). Founded in 2005, CFC is a California licensed finance lender that originates and acquires loans secured by bullion and numismatic coins. Its customers include coin and precious metal dealers, investors, and collectors.

A-Mark is headquartered in El Segundo, CA and has additional offices and facilities in the neighboring Los Angeles area as well as in Dallas, TX, Las Vegas, NV, Winchester, IN, Vienna, Austria, and Hong Kong. For more information, visit  www.amark.com .

A-Mark periodically provides information for investors on its corporate website,  www.amark.com , and its investor relations website,  ir.amark.com . This includes press releases and other information about financial performance, reports filed or furnished with the SEC, information on corporate governance, and investor presentations.

Important Cautions Regarding Forward-Looking Statements

Statements in this press release that relate to future plans, objectives, expectations, performance, events and the like are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934. These include statements regarding the anticipated benefits to A-Mark and its affiliates of the transactions. Future events, risks and uncertainties, individually or in the aggregate, could cause actual results or circumstances to differ materially from those expressed or implied in these statements. Factors that could cause actual results to differ include the following: the preferences of precious metal investors and their impressions of the gold.com name and website; the existence and attraction of, and potential confusion with, competing websites, including those that also embed the word “gold” in their domain name; the ability of the company to successfully integrate gold.com into its overall direct-to-consumer marketing strategy; and the strategic, business, economic, financial, political and governmental risks and other risk factors affecting the businesses of the company and the industries in which it operates, as described in in the company’s public filings with the Securities and Exchange Commission.

Company Contact: Steve Reiner, Executive Vice President, Capital Markets & Investor Relations A-Mark Precious Metals, Inc. 1-310-587-1410 [email protected]

Investor Relations Contacts: Matt Glover and Greg Bradbury Gateway Group, Inc. 1-949-574-3860 [email protected]

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JMB TRAVEL LIMITED

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A NEW OWNER, BUT SAME OLD HISTORY FOR ARVIDA

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Until this year, the relationship between Arvida Disney Corp. and its recent owners seemed to be typified by the law of physics that says opposites attract.

Since the late 1960s, the community developer based in Boca Raton has come under the corporate umbrella of Penn Central Railroad, which became one of the largest bankruptcy cases ever with $4 billion in liabilities, and Walt Disney Corp., which decided to focus on movies and theme parks rather than real estate.

Now the company some call Little Orphan Arvida is getting a new parent — JMB Realty Corp. of Chicago — with a singular focus on real estate development. But the laws of physics still seem to be in effect, with the orphan showing few signs of being attracted to the new parent.

The chief signal has been the exit of Arvida’s top two executives — Charles E. Cobb Jr., chairman, and John Temple, promoted to president in 1982. Neither will remain after the deal closes on May 30, because Disney sold Arvida without their knowledge, several sources say.

Another signal came from Disney, which filed a lawsuit against a group of Arvida executives in April to keep them from cashing in on about $12 million in Disney stock options.

The suit was settled two weeks later, though neither side disclosed the terms. Temple and his replacement at Arvida, Roger Hall, were among the defendants in the suit; Cobb was not included.

Cobb, who has not returned phone calls, will remain as a Disney officer and director, according to the Burbank, Calif., company. Arvida executives and officials at Disney and JMB have declined comment about any other changes related to the acquisition.

Industry analysts are in general agreement about the Florida company’s chances under its new Chicago owner, one of the nation’s largest real estate syndicators.

In fact, JMB will become one of only two corporate owners of Arvida with any real estate development expertise, according to Chip Hamilton Jr., a former Arvida vice president.

“One of them was the group of us executives who did the leveraged buyout a few years back, and the other is JMB,” said Hamilton, now president of Hamilton Interests of Florida Inc. in Boca Raton.

Lewis Goodkin, president of Goodkin Research Corp. in Lauderdale-by-the-Sea, agreed, calling JMB “a company that has all the potential to become the General Motors of the world of development.”

JMB’s size may not impress Arvida, though. Officials at the three companies involved in the deal have declined comment about reports of an exodus of Arvida managers. Goodkin said the moves could hurt Arvida’s chances of becoming a major national developer not only of residential communities, but also of commercial and industrial projects.

“The question is: Is there the management depth to handle these things?” Goodkin said.

Roy Disney asked a similar question in 1984 shortly after the company founded by his father, Walt, announced it would pay $200 million in stock for Arvida.

At that time, Arvida was controlled by the Bass family of Fort Worth, Texas, who helped the management group, which included Hamilton, work a leveraged buyout of the company in 1983.

Formerly a top officer and director of the entertainment concern, Roy Disney called the acquisition a waste of corporate assets, mainly because it went against the grain of the California company’s basic interests.

Disney officials claimed they wanted Arvida’s expertise in order to develop Disney’s huge land holdings in the Orlando area, but they definitely had another reason.

Besides pressure from takeover tycoon Saul Steinberg, Disney was formulating a strategy to become an important entertainment studio.

Hamilton said Disney officials made it clear to him and other Arvida executives that what they wanted from the acquisition was cash flow — “$200 million a year, plus or minus” — to get a strong foothold in the entertainment business.

“The statement was never made that ‘we will sell you in two years,”‘ Hamilton said in recalling the meetings with Disney. “But it was very clear that we were being purchased simply as a cash cow.”

Disney got the cash flow from Arvida: $204 million in 1984 and more than $300 million in each of the next two years, representing 12 percent to 15 percent of Disney’s total revenues, according to annual reports. Arvida produced $65.7 million in operating income for 1985 and $41.8 million in 1986.

During that period, Disney brought in a new management team — Chairman Michael Eisner and President Frank Wells — which produced a string of hit movies and gave the company credibility as an entertainment force.

And early this year, a little more than two years after the acquisition, Disney made the deal to sell Arvida for $400 million to JMB, doubling its money on the investment and eager to concentrate solely on the entertainment business.

Despite the solid cash flow from Arvida, Disney had no need for an odd subsidiary in its portfolio, according to Roy Hong, an entertainment industry analyst for First Boston Corp. in New York.

“Disney has decided that Arvida doesn’t fit in well with its other lines of business,” Hong said. “Namely, Disney doesn’t want to be involved in developing residential communities, which is Arvida’s main strength. Cobb’s vision to rapidly expand Arvida into various real estate activities and Eisner’s desire to limit its growth may have acted as the catalyst.”

Another reason that may have caused Disney to sell Arvida has to do with what some analysts believe is the direct conflict between the needs of a public company and a real estate firm.

Kenneth Campbell, an analyst with Audit Investments in Montvale, N.J., said Arvida’s history of changing owners is due to the company’s susceptibility to become a “convenient trading mechanism” for public companies, like Disney, with huge amounts of capital.

What the public company gets is cash flow and, in the specific case of JMB and Arvida, more than 20,000 acres under development, he added.

“I think they paid a fair price, though it wasn’t cheap, for Arvida’s substantial land position,” said Campbell of JMB.

However, JMB is an exception because of its real estate focus. Public companies outside of the industry usually find too many headaches to contend with in owning a real estate company.

Campbell said the long-term nature of real estate development often irritates stockholders expecting increasing quarterly earnings.

Another former Arvida executive, Jan Reese, agreed.

“When we were owned by Penn Central, they were a much more earnings- generated type of company and didn’t mix that well with the more entrepreneurial approach of Arvida,” said Reese, now president of Zaremba Southeast Development Co. in Fort Lauderdale. “Penn Central sold the company because they just didn’t understand real estate.”

Understanding real estate development also requires dealing with citizen groups and governmental authorities for the proper approvals, which big public companies sometimes find “annoying,” Hamilton said.

“A large public corporation has no business owning a large real estate concern if that’s not their business,” Hamilton said.

Both Reese and Hamilton said the company’s unstable ownership position was a primary cause of the high turnover rate among middle managers at Arvida.

Hamilton said that while the developer has served as a training ground for entrepreneurs like himself, Arvida has never reacted like an entrepreneurial company, except during the leveraged-buyout period in 1983. Hamilton said the proper role model for Arvida is JMB.

“They’re really the parent that Arvida never became,” he said, adding that his former employer always has sought the security of a big public company.

“Within the company there was always that entrepreneurial spirit,” Hamilton said of Arvida, “but for some reason it never got outside the company.”

Hamilton expects JMB’s ownership to last longer than Disney’s, though Campbell predicted Arvida’s string of owners will get even longer.

“My feeling all along has been that, ultimately, Arvida will wind up in public hands,” he said.

ARVIDA’S OWNERS

The sale to JMB is the latest in a string of ownership changes at Arvida.

1958: Arthur Vining Davis, a multimillionaire developer and land speculator who in 1956 bought the Boca Raton Hotel and Club for $22.5 million, incorporates Arvida and brings it public. It was one of the year’s hottest stock issues.

1962: Following Davis’ death, what was then the Pennsylvania Railroad began buying shares of Arvida.

1968: Pennsylvania Railroad merges with New York Central Railroad to become Penn Central.

1970: In a massive corporate collapse, Penn Central files for Chapter 11 bankruptcy court protection.

1976: Penn Central, still in the midst of a bankruptcy reorganization that would last until 1978, increases its stake in Arvida and converts it into a wholly owned subsidiary.

1981: Penn Central puts Arvida up for sale, but receives no satisfactory offers.

1983: Arvida is put up for sale again, this time by offering stock to the public. But management, with some help from the investment firm run by the Bass brothers of Texas, instead arranges a buyout for $181 million.

1984: Management sells Arvida to Disney for $200 million.

1987: Disney agrees to sell Arvida to JMB for $400 million.

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JEMB Realty Corporation was founded by Morris Bailey and Joseph L. Jerome in 1990. JEMB Realty is a three-generation strong, family-run, progressive real estate development, investment and management firm based in New York City. Long established in the industry for its entrepreneurial strength, drive and determination while ensuring a clear presence in a number of North American cities, the firm continues to seek out new innovative business challenges and investment opportunities across the continent.

Well respected leader in the real estate sector, JEMB Realty in 2015 founded Resorts Digital Gaming, a leading online gaming company.  JEMB was one the first companies to embrace online gaming and sports betting in the United States, strategically partnering with two of the largest digital gaming companies in the world.

Expanding into the lending sector in 2009, JEMB co-founded Basis Investment Group, a commercial real estate investment manager, primarily focused on debt and structured equity strategies, providing borrowers and investment partners with a one-stop shop for financing along with customized solutions for investment needs.

In the early 2000s the company recognized an opportunity for diversification within the energy sector, through its investment in   Astoria Energy and is extremely pleased to have been part of the Astoria Energy projects from their inception, through the construction period and into the operational phase, providing reliable electricity to New York City, its corporate home. The company sold its interests in the Astoria Energy generating facilities in 2020.

JEMB Realty has also branched out into the telecommunications sector, through its interests in Xentris Wireless.

Executive Team

Throughout his 50 years in business, Morris Bailey has made his mark as an entrepreneur, building a portfolio of balanced and diversified investments, most notably in the real estate, lending, gaming, energy, and telecommunications sectors. Through his commanding leadership and strategic vision, he has compiled an impressive track record of successful business ventures in the United States and Canada.

He is the founder of JEMB Realty and Helm Equities headquartered in New York City, and of Canadian affiliate, BUSAC Real Estate, based in Montreal; three prominent real estate development, investment and management organizations. Morris Bailey along with partner, Joseph L. Jerome, have emerged as major players in both the American and Canadian commercial real estate sectors. Together they have earned solid reputations as “hands-on” business people who understand value enhancement through the development and repositioning of real estate assets.

Over the past 10 years, Morris Bailey has been a leader in his turnaround of Atlantic City, repositioning the famous Resorts Casino Hotel, as well as the first to embrace online gaming and sports betting in the United States, strategically partnering with two of the largest digital gaming companies in the world. In 2015, he founded Resorts Digital Gaming, a leading online gaming company. His efforts in New Jersey helped set the framework for expansion of online sports and gaming throughout the United States.

Morris Bailey also expanded in the lending sector in 2009, co-founding Basis Investment Group, a commercial real estate (CRE) investment manager, primarily focused on debt and structured equity strategies. Basis originates and acquires diversified CRE debt investments across the capital stack of stabilized, transitional, and development assets throughout the United States. The company’s flexible approach to structuring provides borrowers and investment partners with a one-stop shop for financing along with customized solutions for investment needs.

Visionary leader, in the early 2000s Morris Bailey recognized an opportunity and expanded into the energy sector, through Astoria Energy. He led the consortium that put up the development capital for the Astoria Energy generating facilities in 2003 and remained one of its guiding board members for almost two decades, especially through the extremely complex sale process of the companies in 2020. Morris Bailey is extremely pleased to have been part of Astoria Energy projects providing many years of reliable electricity to New York City, its corporate hometown.

Morris Bailey is also involved in the telecommunications sector through his investment in Xentris Wireless.

He continues to proudly build successful partnerships with many notable financial institutions and associates while seeking out new and innovative business models and investment opportunities across North America. A pillar of the community, he is also actively involved in local organizations and countless charities.

Joseph L. Jerome is a seasoned veteran of the real estate industry. His extensive background encompasses leasing, financing, construction and the innovative repositioning of assets. Mr. Jerome holds a New York State Brokers License and is a member of the Real Estate Board of New York. Along with partner Morris Bailey, he founded JEMB Realty Corporation acquiring a diverse portfolio of real estate assets in the United States. Under Joseph L. Jerome’s leadership, the company has experienced steadfast growth to become a well-known and highly respected player in the US real estate market. In the late 90’s the partners entered the Canadian real estate market, founding BUSAC Real Estate, which rapidly became one of Quebec’s pre-eminent corporate real estate firms. Today, JEMB Realty and BUSAC Real Estate operate and manage office towers, shopping centers and residential complexes totaling in excess of 6.5 million square feet across North America. Current properties in the portfolio are located in the Greater New York Region, Pennsylvania and Montreal, Canada. From a leadership position as President of JEMB Realty Corporation, Joseph L. Jerome has been involved in numerous lease and purchase transactions as well as asset repositioning projects. The variety of assets and high profile of the group’s properties bear witness to its stability and firm resolve to distinguish itself in the marketplace.

Morris’s main responsibilities are commercial asset management and growth for JEMB Realty. As such, he oversees assets and acquisitions in the United States. He provides overall leadership to JEMB property management teams in the New York Region and is involved in the development of new projects, based on input from the operational side and customer appeal aspect. An integral part of the corporate team, Morris provides innovative vision to the company. Introduced to the industry early in his youth, he has acquired broad experience in real estate property management. This in-depth understanding enables him to envision a more strategic and creative approach while exercising sound judgment in identifying and evaluating opportunities for value creation. At JEMB, we promote a team-based culture, solid leadership and the continued fostering of strategic relationships with leading partners.

Louis is responsible for residential property, hospitality management and acquisitions in the United States. Be it in New York, Annapolis or Pocono Manor, he and his team strive to fulfill JEMB’s mission of delivering exceptional hands-on services and solutions, identifying opportunities to upgrade property offerings for asset stability, performance, tenant satisfaction and retention, while exceeding customer expectations.  A proud graduate of NYU, Louis has consistently demonstrated strong leadership skills, successfully navigating challenging situations. He oversees every facet of residential property operations, employing data-driven techniques to achieve organizational and structural efficiencies to best execute customer-based strategies. Strong personal relationships with tenants are the foundation, enhancing property values and bettering the lifestyle of residents and guests. A commitment to service excellence with a personal touch, make JEMB your partner of choice.

Jacob is actively involved in the leasing and promotion of office and retail spaces for the New York Region of JEMB’s Realty portfolio. Office and commercial platforms are structured around a unique service culture at JEMB Realty; one that places tenant success and customer experience at the forefront. Jacob works in close collaboration with JEMB’s property management team to determine the most favorable solutions for tenants to help their businesses thrive, be it office or retail. He is involved in the development and implementation of new leasing strategies, transaction negotiations, the analysis of potential tenant needs and the negotiation of contractual agreements. With pertinent leasing transactions to his credit, Jacob’s long-standing interest in commercial real estate and strong leadership capabilities make him a definite asset to JEMB.

Management Team

Mark joined Resorts Casino Hotel in 2012 and brought more than 30 years of Atlantic City gaming expertise. As President and CEO of Resorts, he is the principal strategic business leader of the property and responsible for the vision, mission and overall direction of the organization. He oversees operations for the entire property in accordance with the objectives set out in the strategic plan, while garnering strong knowledge of markets and industry trends to maintain Resorts as a highly competitive travel destination in Atlantic City.  Mark promotes best practices and superior guest service.

Under his leadership, Resorts Casino Hotel has carried out over $100 million in improvements ensuring gaming products and services appeal to a younger demographic, while continuing to provide current customers with the products and services they request.

Dennis is responsible for overseeing and managing development projects in the JEMB Realty portfolio. He headed up the development of 1 Willoughby Square, a 34-story, 500,000 square-foot office tower located in Downtown Brooklyn, built to the highest of architectural standards, and he is now responsible for the repositioning of Herald Towers, in Herald Square. Dennis is also actively involved in the strategic expansion of the company, assisting the Executive in identifying valuable development and redevelopment opportunities in the United States.

In his capacity as Director of Construction, Andrew is actively involved in the 11 Ocean Parkway project – a new 375-unit residential development in Brooklyn – new fit outs at the 1 Willoughby Square property and other Capital Improvement projects.

As Senior Executive Head of Operations, Andrew oversees and is responsible for all activities relating to property operations and construction for JEMB properties in New York. In this capacity, he provides professional guidance to all Assets Managers under his supervision, oversees all financial resources and identifies, analyzes and prioritizes all investment projects under his purview, overseeing their development and implementation. Andrew also assists the executive in their long-term strategies for daily property management, repositioning of real estate assets, major commercial and infrastructure strategies, construction projects as well as financial structuring and reporting processes.

The Residential High Rise Manager is responsible for the Herald Towers residential property located in famous Herald Square. In this capacity he oversees administration, financial, operations and ensures the property is compliant with all applicable regulations. The Residential High Rise Manager also recommends and coordinates improvements to the property to ensure a safe, functional, and appealing environment for all commercial and residential tenants. Always attentive and responsive to tenants needs, he maintains an extremely high standard of tenant service, thus ensuring high tenant retention.

The Asset Manager is responsible for managing all aspects of the 75 Broad, the 150 Broadway and the Herald Center properties in Downtown Manhattan. He takes on duties relating to Administration and Real Estate Operations. He assists the Senior Executive Head of Operations in elaborating and implementing continuous improvement processes to enhance quality of services. The Asset Manager also develops and maintains strong business relationships with tenants and ensures the needs of tenants are met and superior customer service is provided. In addition, he works with the Head of Operations in construction projects, serving as liaison between landlord and tenant during the construction process to ensure a successful build-out and smooth move-in.

Tee, as Assistant Property Manager of 1 Willoughby Square (1WSQ) office tower in Brooklyn, is responsible for managing all aspects of the property. She is currently working with the Development Department in the preparation of a smooth and welcoming project-to-operations transition, serving as liaison between landlord and tenant. Concomitantly, she has taken on duties relating to Administration and Real Estate Operations, assisting the Senior Executive Head of Operations in elaborating and implementing processes to ensure the needs of tenants are met and superior management and customer service are provided.

Joy Makes Brilliance

Bricks bring you endless joy, and this joy creates a brilliant world.

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Brand Story

Why Choose Us

There is no end to the road ahead.

Excellent products

We know the pain points of builders very well, so we are committed to producing the highest quality and the most cost-effective products to meet the needs of more consumers.

After-sales service

At the same time, we will provide a perfect and efficient after-sales service system so that every builder can have an immersive building experience without any concerns.

Productive Process

To pursue the perfection of every particle, we continually innovate the production technology and strengthen the production process with the supply chain, wishing every builder to have the smoothest building experience.

Our Mission

We know that our strength comes from the unremitting pursuit of quality and continuous innovation. We embrace all MOC creators and building enthusiasts, and we help them to scale up their products so that their wonderful works can be experienced by more builders and they can reap the rewards of their ideas. We also set up a strong R & D team, and continue to produce original works for builders. I hope our little stars can illuminate every builder’s fantastic building dream. Whether you are a beginner or an experienced builder, JMB would like to invite every builder to join us in building a world that is full of fantastic ideas and timeless wisdom. 

Perhaps our prices aren’t the absolute cheapest… We simply want to ensure that you’re never disappointed when shopping with JMBricklayer!

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