US Market News
10時間前
Jericho Energy Ventures (TSXV: JEV) and Comstock Holding Companies (Nasdaq: CHCI) Enter Definitive Agreement for Oklahoma AI Infrastructure JVJune 9, 2026 7:30 AM
ACCESS NewswireStrategic partnership leverages Jericho's energy assets and Comstock's development expertise to create a scalable AI infrastructure platformTULSA, OK AND RESTON, VA / ACCESS Newswire / June 9, 2026 / Jericho Energy Ventures Inc. (TSXV:JEV)(OTCID:JROOF)(FRA:JLM) ("Jericho" or the "Company"), an energy innovation company positioned at the nexus of energy and AI infrastructure, and Comstock Holding Companies, Inc. (Nasdaq:CHCI) ("Comstock"), a leading asset manager, developer, and operator of mixed-use and transit-oriented properties, are pleased to announce that they have entered into a definitive agreement, dated June 4, 2026, (the "Joint Venture Agreement") establishing a strategic joint venture through a newly formed entity, Oklahoma AI Ventures LLC (the "Joint Venture" or "JV"), focused on the acquisition, aggregation, and development of land in and around Jericho's existing energy infrastructure footprint in Oklahoma.The Joint Venture Agreement formalizes the terms of the Letter of Intent announced on February 12, 2026 (the "LOI"). Under the agreement, the parties will collaborate to assemble a portfolio of strategically located land assets that integrate Jericho's subsurface energy infrastructure with surface land interests. The JV is intended to support the development of large-scale AI data center campuses and related digital infrastructure projects designed to meet the rapidly growing power and land requirements of artificial intelligence computing.The partnership brings together Jericho's integrated Oklahoma platform of land, energy, water, and infrastructure assets capable of supporting large-scale AI campus development, with Comstock's proven expertise in land aggregation, entitlement, planning, and large-scale project execution.Under the terms of the Joint Venture Agreement, Comstock Ventures contributed US$2.75 million at closing to fund land assemblage and related development costs and has committed to contribute up to an additional US$5.75 million over time, subject to approved budgets. Including Comstock's previously announced US$1.5 million strategic equity investment in Jericho, Comstock's total committed capital to the Joint Venture is up to approximately US$10.0 million inclusive of US$2.5 million payable to JEV USA Inc., a wholly owned subsidiary of Jericho, as a services fee. The Joint Venture's capital structure reflects the agreed value of the land interests and rights contributed by Jericho and its affiliate entity (US$5.0 million each) and further aligns the interests of both organizations.The Joint Venture combines Jericho's unique energy infrastructure position in Oklahoma with Comstock's extensive real estate development, entitlement, and large-scale infrastructure project execution expertise. Comstock will lead the planning and development activities, while Jericho contributes strategic land positions and critical infrastructure assets, including power, natural gas, water, and fiber connectivity necessary to support hyperscale AI and digital infrastructure projects. Together, the companies intend to pursue opportunities created by accelerating demand for AI infrastructure and the increasing need for reliable, scalable, and cost-effective power solutions.¹Leadership CommentaryBrian Williamson, CEO of Jericho Energy Ventures
"Executing the definitive joint venture agreement with Comstock marks another significant milestone in Jericho's strategy to capitalize on the convergence of energy and AI infrastructure. By combining our robust Oklahoma energy and infrastructure footprint with Comstock's proven development capabilities and execution expertise, we are creating a uniquely positioned platform capable of delivering AI-ready campuses at scale. We believe this integrated approach can leverage our land, energy, water and fiber assets to support large-scale AI infrastructure development while addressing the rapidly growing demand for next-generation AI infrastructure." ²Chris Clemente, Chairman & CEO of Comstock Holding Companies
"We are excited to formalize our strategic partnership with Jericho and advance our shared vision of developing a leading AI infrastructure platform. By combining our resources and expertise, we have established a powerful foundation for growth and are uniquely positioned to address the rapidly accelerating demand for powerful, cost-effective AI solutions."The strategic alignment between the companies is further reinforced by the recent appointment of Comstock Chairman and CEO Christopher Clemente to Jericho's Board of Directors, strengthening governance collaboration and supporting the long-term execution of the Joint Venture's growth strategy.The Joint Venture's initial focus will be Jericho's existing energy assets and infrastructure within its flagship Black Bear AI Data Center Campus in Oklahoma. The JV aims to create an integrated AI infrastructure development platform capable of supporting hyperscale data centers and next-generation digital infrastructure deployments in the Mid-Continent. The closing of the Joint Venture remains subject to customary conditions precedent for a transaction of this nature. At closing, the membership interests in the Joint Venture will be held 50% by Comstock and 50% by Rising Eagle, LLC (Rising Eagle) which is 50% owned by Jericho.Multilateral Instrument 61-101The Joint Venture is subject to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") by virtue of Policy 5.9 of the TSX Venture Exchange (the "Exchange"), which makes the requirements of MI 61-101 applicable to issuers listed on the Exchange.Comstock Ventures is controlled by Christopher Clemente, a director of Jericho. As a result, Comstock Ventures is a "related party" of Jericho within the meaning of MI 61-101, and the completion of the Joint Venture in accordance with the terms of the Joint Venture Agreement constitutes a "related party transaction" for the purposes of MI 61-101. Mr. Clemente disclosed his interest in the Joint Venture and recused himself from all meetings and deliberations of Jericho's Board of Directors relating to the Joint Venture and the Joint Venture Agreement, and abstained from voting on the resolutions of the Board approving the Joint Venture and the Joint Venture Agreement. The terms of the pre-existing LOI, which set forth the commercial terms of the Joint Venture, were negotiated on an arm's-length basis prior to Comstock's acquisition of common shares of the Company and Mr. Clemente's appointment to Jericho's board. Mr. Williamson, being an officer of the co-owner of Rising Eagle, recused himself from the meetings and deliberations of the independent Jericho directors related to the Joint Venture and the Joint Venture Agreement, and similarly abstained from voting on the resolutions approving the Joint Venture and the Joint Venture Agreement.Jericho is exempt from the formal valuation requirement of MI 61-101 in connection with the Joint Venture pursuant to section 5.5(b) of MI 61-101, as no securities of Jericho are listed or quoted on any of the markets specified in that section (namely the Toronto Stock Exchange, Cboe Canada Inc., the New York Stock Exchange, the NYSE American, the Nasdaq Stock Market, or a specified foreign exchange). Jericho is exempt from the minority approval requirement of MI 61-101 in connection with the Joint Venture pursuant to section 5.7(a) of MI 61-101 as Jericho's independent directors have determined the Joint Venture is less than 25% of Jericho's market capitalization.The Joint Venture constitutes a transaction with a Non-Arm's Length Party and a Reviewable Transaction under the policies of the Exchange. A filing in respect of the Joint Venture will be made with the Exchange in accordance with Policy 5.3 of the Exchange.About Jericho Energy VenturesJericho Energy Ventures (JEV) is uniquely positioned at the nexus of energy and AI infrastructure. Leveraging our long-producing oil and gas joint venture assets and robust Oklahoma infrastructure, we are deploying scalable, on-site power solutions to build cutting-edge build-to-suit AI Data Centers. With direct access to abundant, low-cost natural gas, we deliver efficient, high-performance energy solutions -- reducing waste, maximizing output, and unlocking long-term value in the rapidly converging AI and energy markets. For more information, please visit jerichoenergyventures.com.About ComstockFounded in 1985, Comstock is a leading asset manager, developer, and operator of mixed-use, transit-oriented properties, and large-scale infrastructure developments in the Washington, D.C. region. With a managed portfolio comprising approximately 10 million square feet at full build-out and including stabilized and development assets strategically located at key Metro stations, Comstock is at the forefront of the urban transformation taking place in the fastest-growing segments of one of the nation's best real estate markets. Comstock's developments include some of the largest and most prominent mixed-use and transit-oriented projects in the mid-Atlantic region, as well as multiple large-scale public-private partnership developments. For more information, please visit Comstock.com.Contact:Brian Williamson, CEO, or
Adam Rabiner, Investor Relations
Jericho Energy Ventures Inc.
T: +1 604-343-4534
E: investorrelations@jerichoenergyventures.comForward-Looking StatementsThis news release contains certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities laws. Forward-looking statements are not historical facts but reflect the current expectations of Jericho Energy Ventures Inc. ("Jericho") regarding future events, performance, or results, and are often identified by words such as "expect," "anticipate," "intend," "believe," "estimate," "may," "will," "could," or similar expressions. The forward-looking statements contained herein are provided for the purpose of assisting readers in understanding management's current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes.Forward-looking statements in this news release include, but are not limited to, statements regarding:the establishment and completion of the Joint Venture (Oklahoma AI Ventures LLC);the anticipated benefits and strategic rationale of the Joint Venture, including the expectation that it will create an integrated AI infrastructure development platform in Oklahoma;the parties' plans to acquire, aggregate and develop land in and around Jericho's existing energy infrastructure footprint in Oklahoma;the intended development of large-scale AI data center campuses and related digital infrastructure projects, including within Jericho's flagship Black Bear AI Data Center Campus, and the ability of the Joint Venture's assets to support hyperscale data centers and next-generation digital infrastructure deployments;the expected capital contribution of up to approximately US$5.75 million by Comstock Ventures to the Joint Venture, and the approximately US$2.5 million services fee payable to JEV USA Inc.;the parties' intention to pursue opportunities arising from demand for AI infrastructure and reliable, scalable and cost-effective power solutions, and expectations regarding the growth of those markets;the expectation that the Joint Venture is designed to unlock value from Jericho's land, energy, water and fiber assets;Jericho's reliance on exemptions under MI 61-101, the filing with the TSX Venture Exchange under Policy 5.3, and the Exchange's acceptance of the Joint Venture;Jericho's business strategy and plans, including the deployment of scalable, on-site energy solutions and the development of AI Data Centers.Forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied. Such factors include closing conditions and that the Joint Venture may close on different terms, regulatory approvals may be required in connection with the closing and operation of the Joint Venture, general economic conditions, industry risks, access to capital, technological development risks, and those described in Jericho's public filings at www.sedarplus.ca.Forward-looking statements are based on reasonable assumptions as of the date hereof, but Jericho cannot guarantee future results. Readers are cautioned not to place undue reliance on such statements. Except as required by law, Jericho undertakes no obligation to update or revise them.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in ?the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of ?this release.SOURCES:1. Federal Reserve Board, "The Global Trade Effects of the AI Infrastructure Boom," February 2026. https://www.federalreserve.gov/econres/notes/feds-notes/the-global-trade-effects-of-the-ai-infrastructure-boom-20260213.html2. McKinsey & Company, "Beyond Compute: Infrastructure That Powers and Cools AI Data Centers," October 2025. https://www.mckinsey.com/industries/industrials/our-insights/beyond-compute-infrastructure-that-powers-and-cools-ai-data-centersSOURCE: Jericho Energy Ventures Inc.View the original press release on ACCESS NewswireOriginal: Jericho Energy Ventures (TSXV: JEV) and Comstock Holding Companies (Nasdaq: CHCI) Enter Definitive Agreement for Oklahoma AI Infrastructure JV
US Market News
3週前
Comstock Announces Summerbration 2026 at Loudoun StationMay 21, 2026 9:30 AM
Business Wire Signature event series returns to celebrate summer with free concerts, movies, and more Comstock Holding Companies, Inc. (Nasdaq: CHCI) (“Comstock”), a leading asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region, today announced the full lineup for the Summerbration 2026 concert and event series at Loudoun Station. The events, which kick off in June and run through October, include signature concerts, outdoor movies, car shows, weekly wellness classes, and more. Headlining the Summerbration 2026 series will once again be the highly anticipated 80’s Mayhem event featuring The Legwarmers on Saturday, August 29. Guests are invited to enjoy an evening of live music, themed entertainment, a costume contest, photo opportunities, and more. Venardos Circus makes their return to Loudoun Station this fall, bringing its unique Broadway-style blend of theatrical storytelling with classic circus entertainment. Running from September 14 through October 4, the experience is expected to draw theater lovers, families, and nostalgic circus fans alike to Loudoun Station District Park. Separate tickets are required for admission and additional details are available at venardoscircus.com/tickets. Summerbration 2026 will also feature All-American Movie Magic & More, a weekly outdoor movie series held on Sundays in Loudoun Station District Park. The family-focused lineup pairs beloved films with themed activities and giveaways, including karaoke, inflatable games, glow sticks, hula hoops, meet-and-greets, pet adoption opportunities, and interactive experiences inspired by each movie. Featured films include Rudy, Back to the Future, Big, The Sandlot, Minions, Willy Wonka and the Chocolate Factory, School of Rock, Pitch Perfect, and many more crowd favorites. Automotive enthusiasts can also enjoy a series of car shows hosted throughout the summer by the DC Car Community. The events will showcase vehicles and make Loudoun Station the place for car lovers from across the entire DMV region to gather. “We’re thrilled to welcome the community back to Loudoun Station for another Summerbration season,” said Tracy Schar, Chief Marketing Officer at Comstock. “From live entertainment and movies to wellness and community events, Summerbration is all about creating experiences that bring people together and give families something to look forward to all summer long.” Rounding out the Summerbration 2026 lineup are complimentary weekly wellness classes, including Yoga in the Park on Mondays and Zumba in the Park on Tuesdays, and Pop-Up Zumba with Rochi B Fitness on Saturday, June 27 and Sunday, September 20. Also returning is the crowd-favorite Silent Dance Party on July 25. All Summerbration 2026 events are free and open to the public, unless otherwise noted. Loudoun Station is conveniently located adjacent to the Ashburn Station on Metro's Silver Line. Attendees who drive may enjoy up to three hours of complimentary parking in the 9-story Metro Garage, courtesy of ParkX Management. For a full listing of events and further information, please visit the Summerbration 2026 website. About Comstock Founded in 1985, Comstock is a leading asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region. With a managed portfolio comprising approximately 10 million square feet at full build-out and including stabilized and development assets strategically located at key Metro stations, Comstock is at the forefront of the urban transformation taking place in the fastest-growing segments of one of the nation’s best real estate markets. Comstock’s developments include some of the largest and most prominent mixed-use and transit-oriented projects in the mid-Atlantic region, as well as multiple large-scale public-private partnership developments. For more information, please visit Comstock.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260521142202/en/ publicrelations@comstock.com Original: Comstock Announces Summerbration 2026 at Loudoun Station
US Market News
3週前
Comstock Announces Summerbration 2026 at Reston StationMay 21, 2026 9:43 AM
Business Wire Signature event series returns with a star-spangled celebration of summer Comstock Holding Companies, Inc. (Nasdaq: CHCI) ("Comstock"), a leading asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region, today announced the full lineup for the Summerbration 2026 concert and event series at Reston Station. The free events, which kick off on Friday, May 29 and run through the end of September, include live music on Fridays, outdoor movies on Saturdays, weekly wellness classes, and more. Highlighting Summerbration 2026 is Red, White, & Boom!, Reston Station’s signature America 250 celebration taking place July 2–4 as part of the nationwide commemoration of the nation’s 250th anniversary. The multi-day experience will transform Reston Station into one of Northern Virginia’s premier destinations for the holiday weekend, featuring live music, family-friendly entertainment, patriotic activities, immersive experiences, and fireworks. Bruce in the USA, the nation’s top Bruce Springsteen tribute band, kicks off the Red, White, & Boom! music lineup, which also will include performances from The Prince Project and The Darby Brothers. Festivities will include appearances by the iconic Budweiser Clydesdales, a nostalgic ice cream truck, a splash pad, lawn games, photo booths, face painting, DJs, themed food and beverage experiences, and much more. “Reston Community Center is proud to continue its partnership with Comstock to bring Summerbration to the community each year,” said Bev Cosham, RCC Board of Governors Chair. “With the added significance of America 250, this year’s programming offers an even more meaningful opportunity for neighbors to come together and celebrate through music, shared experiences, and community connection.” Every Friday evening, Reston Station Metro Plaza comes alive with the Fab Fridays Live Music series, presented by the Reston Community Center (RCC), featuring an incredible lineup of tribute and cover bands. The series kicks off Memorial Day weekend on May 29 with All Fired Up, a tribute to Pat Benatar, and continues all summer with performers celebrating the catalogs of legendary artists like The Beatles, The Beach Boys, Tom Petty, The Rolling Stones, Fleetwood Mac, and Dolly Parton. Summerbration Saturdays will feature All-American Movie Magic & More, a family-focused series of free outdoor movie screenings hosted on the spacious green space in The Row at Reston Station. Highlights include screenings of Rudy, Back to the Future, Big, Minions, Willy Wonka and the Chocolate Factory, School of Rock, Pitch Perfect, and many more crowd favorites, each paired with themed activities and giveaways that bring the films to life. "The Summerbration tradition at Reston Station is our way of saying 'thank you' to the surrounding community by curating meaningful experiences that bring people together,” said Tracy Schar, Chief Marketing Officer for Comstock. “We are honored to have Reston Station play a key role in helping the community celebrate America 250 and are extremely excited for the incredible roster of events we have once again lined up for this summer." Summerbration 2026 includes free weekly wellness classes, including yoga hosted by Beloved Yoga every Monday and Wednesday evening, Trampoline Fitness hosted by VIDA Fitness every Tuesday evening, and Pop-Up Zumba with Rochi B Fitness on Sunday, May 31 and Saturday, August 15. Also returning is the crowd-favorite Silent Dance Party on September 11. All Summerbration 2026 events are free and open to the public. Reston Station is conveniently located adjacent to the Wiehle-Reston East Station on Metro's Silver Line. Attendees who drive may enjoy up to three hours of complimentary parking, courtesy of ParkX Management. For a full listing of events and further information, please visit the Summerbration 2026 website. About Comstock Founded in 1985, Comstock is a leading asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region. With a managed portfolio comprising approximately 10 million square feet at full build-out and including stabilized and development assets strategically located at key Metro stations, Comstock is at the forefront of the urban transformation taking place in the fastest-growing segments of one of the nation’s best real estate markets. Comstock’s developments include some of the largest and most prominent mixed-use and transit-oriented projects in the mid-Atlantic region, as well as multiple large-scale public-private partnership developments. For more information, please visit Comstock.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260521703899/en/ publicrelations@comstock.com Original: Comstock Announces Summerbration 2026 at Reston Station
US Market News
1月前
Comstock and McWilliams|Ballard Report Continued Sales Momentum for JW Marriott Residences Reston StationMay 5, 2026 9:30 AM
Business Wire Q1 2026 sales topped $12 Million for D.C. region's most sought-after luxury condominiums Comstock Holding Companies, Inc. (Nasdaq: CHCI) ("Comstock"), in partnership with McWilliams|Ballard ("MCWB"), today announced that new condominium sales at JW Marriott Residences Reston Station ("JW Marriott Residences") exceeded $12 million for the first quarter of 2026, continuing the impressive momentum it earned as the DMV's best-selling luxury condominium community. Opened in September 2025, the JW Marriott Residences have already recognized nearly $90 million in sales to-date. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260505750542/en/JW Marriott Residences Reston Station Located on the top 15 floors of the newly constructed 28-story, award winning JW Marriott tower in Reston Station's most recent vibrant development phase, The Row at Reston Station, the JW Marriott Residences serve as Northern Virginia’s first and only luxury hotel-branded residences. While the robust sales of the JW Marriott Residences clearly reinforce the market's ongoing demand for thoughtfully designed residences located in an integrated, mixed-use environment, its elevated service, amenities, and views are what sets the JW Marriott Residences apart from the competition. “The pace of sales we continue to achieve speaks to both the uniqueness of the offering and the urgency we’re seeing from buyers who understand the limited nature of this opportunity,” said Matt Cummings, Director of Sales at MCWB. “Comstock has delivered the highest level of quality and unsurpassed luxury in what I consider the finest building in the Washington D.C. area. As awareness continues to grow, we expect momentum will continue to accelerate.” With the recent release of additional furnished models, strong interest has continued for the JW Marriott Residences among those seeking a turnkey ownership experience in an urban, transit-oriented setting that is backed by the signature hospitality that is synonymous with the JW Marriott brand. Condominium floorplans range from one-bedroom plus den to expansive three-bedrooms. Each unit includes sweeping views of the DMV and is curated with refined designer finishes that blend contemporary sophistication with timeless appeal. Owners enjoy a fully serviced lifestyle, including 24-hour concierge, valet service, and exclusive access to JW Marriott hotel services such as in-residence catering, housekeeping, and more. Additional amenities include multiple resident lounges with large-screen TV’s, a state-of-the-art fitness studio, private conference room, billiard room, demonstration kitchen, a well-appointed library, secured indoor parking with high-speed elevator access, and indoor pet spa facilities. Each condominium purchaser receives complimentary Marriott Bonvoy membership benefits, a two-year membership to the adjacent 50,000+ square foot VIDA Fitness & Spa, and access to the private community rooftop park with indoor/outdoor recreation space. In-house dining options include The Simon Restaurant, The Schar Bar, and the JW Market & Cafe, while residents also have easy, walkable access to Reston Station's growing list of signature restaurants and retail offerings. For more information, please visit LiveJWM.com. “We are seeing highly discerning buyers respond to the unique combination of private residential ownership coupled with luxury hotel-level services,” said Chris Masters, Partner at MCWB. “JW Marriott Residences Reston Station is setting a new standard for luxury and represents a level of quality that is truly unmatched in this market.” Comstock's Reston Station is among the largest and most prominent mixed-use, transit-oriented developments in the Mid-Atlantic region. Covering nearly 90 acres spanning the Dulles Toll Road and surrounding the Wiehle-Reston East Station on Metro’s Silver Line, Reston Station features multiple Trophy-Class office towers serving as national or regional headquarters for industry leaders like Google, Booz Allen Hamilton, ICF International, CARFAX, and numerous others. Along with the JW Marriott tower, Reston Station also includes two BLVD-branded, 400+ unit luxury high-rise apartment towers. Signature dining, retail, and wellness options include VIDA Fitness & Spa, Founding Farmers, Davio’s Northern Italian Steakhouse, Starbucks, TOUS les JOURS, CVS, and Noku Sushi. Coming soon will be Ebbitt House, the first-ever expansion of D.C.’s iconic Old Ebbitt Grill brand. For more information, please visit RestonStation.com. About Comstock Founded in 1985, Comstock is a leading asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region. With a managed portfolio comprising approximately 10 million square feet at full build-out and including stabilized and development assets strategically located at key Metro stations, Comstock is at the forefront of the urban transformation taking place in the fastest-growing segments of one of the nation’s best real estate markets. Comstock’s developments include some of the largest and most prominent mixed-use and transit-oriented projects in the mid-Atlantic region, as well as multiple large-scale public-private partnership developments. For more information, please visit Comstock.com. About McWilliams|Ballard McWilliams|Ballard, based in Alexandria, Virginia, is the leader in real estate sales, leasing, and marketing, specializing in the product lines of condominiums, townhomes, and mixed-use communities. During its 30-year history, McWilliams|Ballard has worked across 14 states nationwide, creating partnerships with developers and builders to provide sales and marketing solutions from project inception to the final closed sale. In addition, the firm also provides consultation and market research used by some of the country's most renowned developers and investment groups. View source version on businesswire.com: https://www.businesswire.com/news/home/20260505750542/en/ publicrelations@comstock.com Original: Comstock and McWilliams|Ballard Report Continued Sales Momentum for JW Marriott Residences Reston Station
US Market News
2月前
Comstock Acquires Woodland Pointe, Secures Full-Campus Lease with PeratonApril 10, 2026 1:36 PM
Business Wire
Technology innovation leader to occupy build-to-suit Herndon, Va. campus
Comstock Holding Companies, Inc. (Nasdaq: CHCI) (“Comstock” or the "Company"), a leading asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region, today announced the acquisition of Woodland Pointe, a 6.77-acre office campus located at 2200 Woodland Pointe Avenue in Herndon, Virginia, and the execution of a full-campus lease with Peraton, a leading next-generation technology and national security company.
Located just south of the Dulles Toll Road in Herndon, Virginia, Woodland Pointe sits at the heart of the Dulles Technology Corridor, one of the nation's most active concentrations of defense contractors, cybersecurity firms, and aerospace innovators. The campus currently includes a six-story, 185,000-square foot, Class A office tower that is LEED Gold certified and includes a 165-person conference facility, a parking garage, and vibrant green spaces.
Concurrent with the acquisition, Comstock entered into multiple leases at Woodland Pointe with Peraton, a company that focuses on delivering advanced mission capability integration and transformative enterprise IT solutions to customers across space, intelligence, cyber, defense, homeland security, and health missions. The leases cover both the existing office building, which was the former North American headquarters of Volkswagen and is currently a Peraton lease location, as well as a new 100,000-square foot, build-to-suit office building that will be developed on the Woodland Point campus. Upon completion, Peraton will fully occupy both structures in the near 300,000-square foot campus to support its growing business operations. Meredith LaPier, Vice Chairman of CBRE, represented Peraton in the transaction. Tim Steffan, Chief Operating Officer of Comstock, represented the Company.
The acquisition of Woodland Pointe represents the latest success from Comstock's growing Institutional Venture Platform, an initiative designed to pair the Company's operational expertise with capital resources from institutional partners. As the operating partner of a group composed of affiliated and unaffiliated institutional co-investors, Comstock will provide best-in-class property management, construction management, and development services for the property through two of its wholly owned operating subsidiaries, CHCI Commercial Management and CHCI Asset Management.
“Woodland Pointe represents yet another high-quality, strategically located asset that defines what we do at Comstock,” said Mr. Steffan. “As organizations increasingly prioritize high quality environments that meet the demands of mission-critical work, we are well-positioned to meet those needs with the assets and development capabilities that few others can match. Partnering with Peraton to deliver a consolidated, purpose-built campus in the heart of the Dulles Corridor is a tremendous reflection of our ability to deliver on the ongoing flight-to-quality trend that has become pervasive in this market.”
About Comstock
Founded in 1985, Comstock is a leading asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region. With a managed portfolio comprising approximately 10 million square feet at full build-out and including stabilized and development assets strategically located at key Metro stations, Comstock is at the forefront of the urban transformation taking place in the fastest-growing segments of one of the nation’s best real estate markets. Comstock’s developments include some of the largest and most prominent mixed-use and transit-oriented projects in the mid-Atlantic region, as well as multiple large-scale public-private partnership developments. For more information, please visit Comstock.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260410464291/en/
publicrelations@comstock.com
Original: Comstock Acquires Woodland Pointe, Secures Full-Campus Lease with Peraton
US Market News
2月前
Comstock Welcomes Taste Buds Kitchen to Loudoun StationApril 8, 2026 9:30 AM
Business Wire
Culinary entertainment experience coming to Loudoun County's premier mixed-use development
Comstock Holding Companies, Inc. (Nasdaq: CHCI) (“Comstock”), a leading asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region, today announced today the signing of a new lease agreement with Taste Buds Kitchen for 2,600 square feet of retail space at 22114 Gramercy Park Drive in Loudoun Station.
Taste Buds Kitchen is a franchise-based culinary entertainment experience company offering interactive cooking classes and culinary parties for kids, families, and adults. Its programming includes a wide range of themed classes and events led by expert instructors, designed to build kitchen confidence, spark creativity, and bring people together around food.
"Loudoun County has been my home for over 20 years, and opening Taste Buds Kitchen here feels like a natural next chapter," said Teddra Burgess, Kitchen Owner, Taste Buds Kitchen Loudoun Station. "I have spent my career building things that matter, and this is personal. This is a place where families, kids, and neighbors will come together to laugh, learn, and create memories around food. I could not be more excited to add something truly special to this community."
Founded by culinary entrepreneur Jessi Walter Brelsford in 2007, Taste Buds Kitchen started in New York City with a cupcake-making birthday party and began franchising in 2013. It has since expanded to 18 nationwide locations and currently has numerous additional locations in development. The new Loudoun Station storefront will represent the franchise's first location metropolitan D.C. region.
"We are excited to welcome Taste Buds Kitchen to the Loudoun Station community," said Tim Steffan, Chief Operating Officer of Comstock. "Their family-friendly, experience-driven programming is just the latest example of our ongoing commitment to curate a vibrant and diverse mix of retail options that strengthen and bring together the communities that we serve."
Located adjacent to Ashburn Station on Metro's Silver Line that connects to Dulles International Airport and downtown Washington, D.C., Loudoun Station is at the forefront of Loudoun County's transformation into a transit-oriented community. The neighborhood includes over 1 million square feet of high-quality residential, office, retail, and entertainment space, with an additional 1.5 million square feet of mixed-use development planned. For more information, please visit LoudounStation.com.
About Comstock
Founded in 1985, Comstock is a leading asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region. With a managed portfolio comprising approximately 10 million square feet at full build-out and including stabilized and development assets strategically located at key Metro stations, Comstock is at the forefront of the urban transformation taking place in the fastest-growing segments of one of the nation’s best real estate markets. Comstock’s developments include some of the largest and most prominent mixed-use and transit-oriented projects in the Mid-Atlantic region, as well as multiple large-scale public-private partnership developments. For more information, please visit Comstock.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260408187931/en/
publicrelations@comstock.com
Original: Comstock Welcomes Taste Buds Kitchen to Loudoun Station
US Market News
2月前
Comstock Highlights Dwight Schar’s Legendary Career and Ongoing InfluenceApril 2, 2026 9:33 AM
Business Wire
Newly published feature honors Schar's profound impact on the real estate industry and CHCI
Comstock Holding Companies, Inc. (Nasdaq: CHCI) (“Comstock”), a leading asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region, today highlighted a feature profile on Dwight Schar published by HousingWire that recognizes his enduring impact on the homebuilding industry and continued influence on Comstock’s long-term strategy.
The online feature provides a comprehensive look at Mr. Schar’s career, including his leadership in building NVR, Inc. into one of the nation’s most successful homebuilders, as well as his ongoing role as a strategic advisor and major shareholder of Comstock. The profile underscores the principles that have defined Mr. Schar’s signature approach: risk management, capital efficiency, and disciplined growth - all pillars that have played a significant role in shaping Comstock’s asset-light, debt-free business model.
“We are proud to see Dwight’s story and unparalleled contributions to the real estate industry get recognized,” said Christopher Clemente, Chairman and Chief Executive Officer of Comstock. “His perspective, experience, and strategic approach to building and operating businesses continue to influence how we think about growth, risk, and long-term value creation.”
As the feature highlights, Mr. Schar’s impacts extend far beyond his business achievements. For decades, he has been actively leading philanthropic efforts to support healthcare, education, and community development across the Mid-Atlantic region and beyond.
The full feature can be accessed here: Dwight Schar: The Rigor That Re-shaped Modern Homebuilding
About Comstock
Founded in 1985, Comstock is a leading asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region. With a managed portfolio comprising approximately 10 million square feet at full build-out and including stabilized and development assets strategically located at key Metro stations, Comstock is at the forefront of the urban transformation taking place in the fastest-growing segments of one of the nation’s best real estate markets. Comstock’s developments include some of the largest and most prominent mixed-use and transit-oriented projects in the mid-Atlantic region, as well as multiple large-scale public-private partnership developments. For more information, please visit Comstock.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260402467596/en/
publicrelations@comstock.com
Original: Comstock Highlights Dwight Schar’s Legendary Career and Ongoing Influence
US Market News
3月前
Comstock Acquires Rockville Multifamily Building, The ReedMarch 23, 2026 9:30 AM
Business Wire
Joint acquisition further expands CHCI's Institutional Venture Platform
Comstock Holding Companies, Inc. (Nasdaq: CHCI) (“Comstock” or the "Company"), a leading asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region, today announced that it has completed the acquisition of The Reed, a 417-unit Class A multifamily property located at 15955 Frederick Road in Rockville, Maryland. The acquisition was completed on behalf of a joint venture between the Company and a third-party Benefit Street Partners-advised institutional fund. Comstock Partners, LC, a privately held affiliate of the Company, co-invested in the joint venture. Two wholly owned subsidiaries of Comstock, CHCI Residential Management and ParkX Management, will provide best-in-class, customer-focused property management services for The Reed.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260323668905/en/The Reed | Rockville, MD
Built in 2015, The Reed is located directly adjacent to the Shady Grove Metro Station and within walking distance to the restaurants, shops, and outdoor spaces in Rockville's bustling King Farm neighborhood. Its floor plans offer everything from cozy 1-bedroom apartments to expansive 3-bedroom layouts, each thoughtfully designed and well-appointed. The property includes a resort-style swimming pool, fitness center with yoga/boxing studio, clubroom, serene outdoor gathering spaces, multiple resident lounges, and a private parking garage.
“This investment checks every box for us and we’re thrilled to partner with Comstock on this exceptional asset,” said Brian Buffone, Head of Equity Investments at Benefit Street Partners. “Comstock has a proven track record as a best-in-class operator. We’re excited to expand our relationship and look forward to creating value together.”
The acquisition of The Reed expands Comstock’s footprint in the Rockville submarket, where the Company now owns and manages more than 900 apartment units across three transit-oriented, multifamily properties, including BLVD Forty Four and BLVD Ansel.
“The Reed is exactly the type of institutional-quality asset we seek as we continue to scale our Institutional Venture Platform,” said Tim Steffan, Chief Operating Officer of Comstock. “This acquisition demonstrates our ability to deploy capital alongside a high-quality, strategic partner to acquire core, core+ and value-add assets. The Metro-adjacent location of The Reed fits perfectly in our transit-oriented portfolio. With our experienced property management teams in place, we see a clear opportunity to elevate the resident experience and drive value for all stakeholders.”
NewPoint Real Estate Capital arranged the Freddie Mac financing as well as the equity component for the transaction.
About Benefit Street Partners
Benefit Street Partners (BSP) is an alternative credit pioneer with $92 billion in assets under management (including Apera). It seeks to deliver attractive, risk-adjusted returns through its deep specialism, long-term relationships and global reach. A wholly owned subsidiary of Franklin Templeton, BSP is focused exclusively on credit. Through its disciplined, solutions-oriented approach, BSP unlocks opportunities across market cycles and geographies. The firm manages strategies spanning private debt, real estate debt, structured credit, and liquid loans. For more information, visit bspcredit.com
About Comstock
Founded in 1985, Comstock is a leading asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region. With a managed portfolio comprising approximately 10 million square feet at full build-out and including stabilized and development assets strategically located at key Metro stations, Comstock is at the forefront of the urban transformation taking place in the fastest-growing segments of one of the nation’s best real estate markets. Comstock’s developments include some of the largest and most prominent mixed-use and transit-oriented projects in the mid-Atlantic region, as well as multiple large-scale public-private partnership developments. For more information, please visit Comstock.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260323668905/en/
publicrelations@comstock.com
Original: Comstock Acquires Rockville Multifamily Building, The Reed
US Market News
3月前
Comstock Announces Retirement of Longtime Board Member Robert P. PincusMarch 13, 2026 4:00 PM
Business Wire
Comstock Holding Companies, Inc. (Nasdaq: CHCI) (“Comstock” or the “Company”), a leading asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region, today announced that longtime board member Robert P. Pincus will voluntarily retire from the Company’s Board of Directors (the "Board") effective when his term expires at the Company's next Annual Meeting of Stockholders, which is scheduled for June 17, 2026.
Mr. Pincus joined Comstock's Board of Directors in June 2005 and has faithfully served as an independent director for the past two decades. Over the course of his tenure, Mr. Pincus has provided the Company with strategic guidance and financial expertise, drawing on a distinguished career in commercial banking and financial services.
“On behalf of Comstock Holding Companies, Inc., I want to extend our deepest gratitude to Robert Pincus for his dedicated service and invaluable contributions over more than two decades. From the Company’s early days as a residential homebuilder to its successful transformation into one of the most active and innovative commercial real estate developers in the Mid-Atlantic region, Bob’s steady guidance, financial acumen, and commitment to strong governance have been instrumental to our success in achieving key milestones and driving long-term value for our shareholders. We wish Bob all the best in his well-deserved retirement and thank him for exemplifying the highest standards of board leadership,” said Christopher Clemente, Comstock’s Chairman and Chief Executive Officer.
Mr. Pincus is a longtime banking executive who most recently served as Vice Chairman of EagleBank and Eagle Bancorp, Inc., a community bank headquartered in Bethesda, Maryland, until his retirement in 2016. Prior to joining EagleBank, he served as Chairman of Fidelity & Trust Bank, which was acquired by EagleBank. Mr. Pincus previously also held senior leadership positions with BB&T, Franklin National Bank of Washington, D.C., Sovran Bank, and D.C. National Bancorp.
Mr. Pincus has been active in numerous civic and nonprofit organizations throughout the D.C. region, including serving on the Arena Stage Board of Trustees. He has received numerous distinguished honors from the local business community, including being named Entrepreneur of the Year and Washingtonian of the Year, as well as his 2004 induction into the Washington Business Hall of Fame.
About Comstock
Founded in 1985, Comstock is a leading asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region. With a managed portfolio comprising approximately 10 million square feet at full build-out and including stabilized and development assets strategically located at key Metro stations, Comstock is at the forefront of the urban transformation taking place in the fastest-growing segments of one of the nation’s best real estate markets. Comstock’s developments include some of the largest and most prominent mixed-use and transit-oriented projects in the mid-Atlantic region, as well as multiple large-scale public-private partnership developments. For more information, please visit Comstock.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260313107448/en/
Investor Contact
investorrelations@comstock.com
Media Contact
publicrelations@comstock.com
Original: Comstock Announces Retirement of Longtime Board Member Robert P. Pincus
US Market News
3月前
Comstock Announces Launch of Data Center PlatformMarch 13, 2026 9:00 AM
Business Wire
Initial focus will be data center developments in Oklahoma and Mid-Atlantic region
Comstock Holding Companies, Inc. (Nasdaq: CHCI) (“Comstock”, "CHCI", or the "Company"), a leading asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region, today announced the official launch of its Data Center Platform ("DCP") through its entry into two separate arrangements with strategic partners to pursue the development of large-scale data center campuses across land parcels located in Oklahoma and the Mid-Atlantic region. In both arrangements, the land is either owned or controlled by our strategic partners, with the Company leveraging its decades of experience securing entitlements and executing large-scale real estate and infrastructure developments to benefit each of these unique, value-add opportunities.
“We are pleased to announce Comstock's entry into the high-growth data center market and participation in one of the real estate industry's most exciting and rewarding sectors," said Christopher Clemente, Chairman and Chief Executive Officer of Comstock. "The rapid growth of AI has caused data centers to be among the world's most coveted assets, driven by a lack of supply and unprecedented demand. In combining our vast experience with securing entitlements and designing, developing, and operating large-scale developments with the land rights and other critical resources of our strategic partners, both ventures represent low-risk opportunities to generate new, and potentially significant, revenue streams in the years ahead. As always, we remain focused on maintaining our pristine balance sheet and will continue to focus on delivering extraordinary results for all stakeholders."
Further details on each data center pursuit are as follows:
Oklahoma - Jericho Energy Ventures
The Company has recently entered into a letter of intent to establish a joint venture with Jericho Energy Ventures, Inc. (TSXV: JEV; OTCID: JROOF; FRA: JLM) ("Jericho"), a diversified energy company that is harnessing its robust infrastructure in Oklahoma to deliver scalable energy solutions. The joint venture will focus on assembling a strategic portfolio of land that integrates approximately 18,000 acres of Jericho's subsurface land and energy assets with surface land interests, capitalizing on Jericho's direct access to an abundance of natural gas resources that can be utilized to deliver low-cost, high-performance power solutions and potential carbon sequestration with the capability to support the development of large-scale AI data center campuses.
Pursuant to terms of the pertinent agreements, and to further align the party's joint interests, Comstock made a $1.5 million initial investment in Jericho through a non-brokered private placement. In return, Comstock received 25,684,932 variable voting shares1 of Jericho, representing approximately 7% of Jericho's 300+ million shares outstanding, as well as warrants to purchase up to 12,842,466 additional variable voting shares at an exercise price of $0.20 CAD that are exercisable for a period of 24 months from the date of issuance.
In addition, given Mr. Clemente's vast experience with building and scaling large real estate developments, capital markets expertise, and successful track record with executing strategic partnerships, Jericho recently appointed Mr. Clemente to its board of directors.
Mid-Atlantic
The Company has recently entered into an amended and restated asset management agreement with an affiliate entity of Comstock Partners, LC, ("CP") a private entity controlled by Mr. Clemente and family members, to provide specific data center site development services for parcels located in the Mid-Atlantic region (the "Property").
Under the terms of the agreement, the Company will provide site-specific services for a fixed monthly fee as it pursues the necessary entitlements for the proposed development of the Property as a data center campus. Consistent with the Company's existing asset management agreements with CP, the Company will generate monthly asset management fee revenue for services provided as well as supplemental incentive fee revenue, calculated as a fixed percentage of the net profit recognized by the affiliate entity landowner, upon the sale of the parcels. No capital investment is required to be made by the Company. The parcels are currently the subject of a Purchase and Sale Agreement whereby the purchaser, a leading developer of data center campuses, will acquire the parcels upon securing applicable entitlements and power supply agreements. Contingent upon the ultimate sale of the Property to the data center developer, the Company would also receive additional fees for development services that will be provided by the Company over a four-year period.
The Company's development and entitlement expertise will be instrumental in unlocking the Property's data center potential, which at full build-out could deliver upwards of 900 megawatts of power.
About Comstock
Founded in 1985, Comstock is a leading asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region. With a managed portfolio comprising approximately 10 million square feet at full build-out and including stabilized and development assets strategically located at key Metro stations, Comstock is at the forefront of the urban transformation taking place in the fastest-growing segments of one of the nation’s best real estate markets. Comstock’s developments include some of the largest and most prominent mixed-use and transit-oriented projects in the mid-Atlantic region, as well as multiple large-scale public-private partnership developments. For more information, please visit Comstock.com.
Forward-Looking Statements
Certain statements in this press release of Comstock (“Press Release”) may be considered “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or the future financial or operating performance of Comstock, including the establishment, timing and completion of a joint venture with Jericho Energy Ventures, Inc. In some cases, you can identify forward-looking statements by terminology such as “may”, “forward”, “should”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential”, “forecast”, “plan”, “seek”, “future”, “propose” or “continue”, or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward looking statements. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Comstock and its management, as the case may be, are inherently uncertain. Nothing in this Press Release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Comstock assumes no obligation to update these forward-looking statements, even if new information becomes available in the future, except as may be required by law.
1The variable voting share class was created by Jericho to limit the voting rights for U.S. residents but are otherwise treated the same as common shares in all material respects.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260312543059/en/
Investor Contact
investorrelations@comstock.com
Media Contact
publicrelations@comstock.com
Original: Comstock Announces Launch of Data Center Platform
US Market News
3月前
Jericho Energy Ventures (TSXV: JEV) Closes USD$1.5 Million Strategic Investment from Comstock Holding Companies (Nasdaq: CHCI)February 23, 2026 5:00 PM
ACCESS NewswireJericho-Comstock Move to Formalize JV to Acquire and Develop Prime Land Integrating Jericho's Energy Infrastructure for Large-Scale AI Data CentersTULSA, OK / ACCESS Newswire / February 23, 2026 / Jericho Energy Ventures Inc. (TSXV:JEV)(OTCID:JROOF)(FRA:JLM) ("Jericho", "JEV" or the "Company"), an energy innovation company positioned at the nexus of energy and AI infrastructure, further to its news release dated February 12, 2026, announces that it has completed its non-brokered private placement (the "Financing") with Comstock Holding Companies, Inc. (Nasdaq:CHCI) ("Comstock") for gross proceeds of USD$1.5 million (approximately CAD$2.055 million).The Financing consisted of 25,684,932 units priced at CAD$0.08 per unit (the "Units"). Each Unit is comprised of one (1) variable voting share of the Company (each, a "Unit Share") and one-half (½) of one share purchase warrant (each, a "Warrant"). With each two warrants entitling the holder to acquire one (1) variable voting share (each, a "Warrant Share") at an exercise price of $0.20 per Warrant Share, exercisable for a period of 24 months from the date of issuance.All securities issued under the Financing are subject to a four month and one day hold period expiring on June 21, 2026, under applicable securities laws in Canada and the rules of the TSX Venture Exchange (the "Exchange"). The Financing has received conditional approval and remains subject to final approval of the Exchange.Comstock's Chief Executive Officer, Chris Clemente, is expected to join Jericho's board of directors following receipt of final Exchange approval.Net proceeds from the Financing will be used to accelerate development of Jericho's planned flagship AI data center campus and related energy-infrastructure in Oklahoma and for general working capital needs. No finders' fees or brokers' commissions will be paid in connection with the Financing.Pursuant to a letter of intent dated February 11, 2026, Jericho and Comstock have committed to establish a strategic partnership (the "Joint Venture" or "JV") focused on the acquisition and development of land in and around Jericho's existing energy assets in Oklahoma. When consummated, the joint venture is expected to focus on assembling a portfolio of strategically located land that integrates Jericho's subsurface energy infrastructure assets with surface land interests, supporting the development of large-scale AI data center campuses and related digital infrastructure.Comstock is currently expected to contribute USD$6 million into the newly formed JV. In addition, it will have the opportunity, at its discretion, to either participate in a subsequent private placement financing to Jericho or cause an indirect capital contribution from the JV to be distributed to Jericho.The Joint Venture and related transactions are subject to certain conditions, and there can be no assurances that any or all of such transactions will be consummated.The securities referred to herein will not be or have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.About Jericho Energy VenturesJericho Energy Ventures (JEV) is uniquely positioned at the nexus of energy and AI infrastructure. Leveraging our long-producing oil and gas joint venture assets and robust Oklahoma infrastructure, we are deploying scalable, on-site power solutions to build cutting-edge build-to-suit AI Data Centers. With direct access to abundant, low-cost natural gas, we deliver efficient, high-performance energy solutions -- reducing waste, maximizing output, and unlocking long-term value in the rapidly converging AI and energy markets. For more information, please visit jerichoenergyventures.com.About ComstockFounded in 1985, Comstock is a leading asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region. With a managed portfolio comprising approximately 10 million square feet at full build-out and including stabilized and development assets strategically located at key Metro stations, Comstock is at the forefront of the urban transformation taking place in the fastest-growing segments of one of the nation's best real estate markets. Comstock's developments include some of the largest and most prominent mixed-use and transit-oriented projects in the mid-Atlantic region, as well as multiple large-scale public-private partnership developments. For more information, please visit Comstock.com.Contact:
Brian Williamson, CEO, or
Adam Rabiner, Investor Relations
Jericho Energy Ventures Inc.
T: +1 604-343-4534
E: investorrelations@jerichoenergyventures.comForward-Looking StatementsThis news release contains certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities laws. Forward-looking statements are not historical facts but reflect the current expectations of Jericho Energy Ventures Inc. ("Jericho") regarding future events, performance, or results, and are often identified by words such as "expect," "anticipate," "intend," "believe," "estimate," "may," "will," "could," or similar expressions.Forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied. Such factors include regulatory approvals, general economic conditions, industry risks, access to capital, technological development risks, and those described in Jericho's public filings at www.sedarplus.ca.Forward-looking statements are based on reasonable assumptions as of the date hereof, but Jericho cannot guarantee future results. Readers are cautioned not to place undue reliance on such statements. Except as required by law, Jericho undertakes no obligation to update or revise them.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in ?the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of ?this release.SOURCE: Jericho Energy Ventures Inc.View the original press release on ACCESS NewswireOriginal: Jericho Energy Ventures (TSXV: JEV) Closes USD$1.5 Million Strategic Investment from Comstock Holding Companies (Nasdaq: CHCI)
US Market News
4月前
Comstock Welcomes Amentum to Reston StationFebruary 19, 2026 8:15 AM
Business Wire
Global engineering and technology solutions leader relocating HQ to Metro Plaza District
Comstock Holding Companies, Inc. (Nasdaq: CHCI) (“Comstock”), a leading asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region, today announced the signing of a new 45,000 square feet lease agreement at 1900 Reston Metro Plaza in Reston Station with Amentum Services, Inc. (“Amentum”).
Amentum is a worldwide provider of advanced engineering and technology solutions that address significant and complex challenges in science, security, and sustainability. With approximately 50,000 employees across 70 countries, the company serves government and private-sector clients worldwide. The company's new Northern Virginia hub is scheduled to open in early 2027.
"Amentum's investment in our new Northern Virginia hub at Reston Station reflects the expanding opportunities of our company and where we are headed," said Amentum's Chief Operating Officer, Steve Arnette. "This modern headquarters, featuring a next-generation Technology Showcase, will bring our teams together and serve as a destination for customers to experience our advanced engineering and technology solutions firsthand. Ultimately, the new headquarters strengthens our ability to deliver integrated, critical mission solutions aligned with global demand and government priorities."
1900 Reston Metro Plaza is a sixteen-story Trophy-class office building that is LEED-Gold certified and offers immediate access to Metro’s Silver Line. The building, uniquely designed by world-renowned architect Helmut Jahn, has become an icon along the Dulles Corridor and serves as the regional headquarters for Google and numerous others.
“We are extremely excited to welcome Amentum to Reston Station,” said Tim Steffan, Chief Operating Officer of Comstock. “Their addition further reinforces Reston Station’s reputation as a hub for innovation and the premier destination for leading organizations that are seeking an easily accessible and highly amenitized work environment.
Reston Station is among the largest and most prominent mixed-use, transit-oriented developments in the Mid-Atlantic region, spanning 90 acres across the Dulles Toll Road and surrounding the Wiehle-Reston East Station on Metro’s Silver Line. It features multiple Trophy-Class office buildings that serve as the national or regional headquarters for industry leaders like Google, Booz Allen Hamilton, ICF International, CARFAX, and numerous others. Reston Station also includes two BLVD-branded, 400+ unit luxury high-rise apartment towers as well as Virginia’s first and only JW Marriott – a 28-story tower that includes the world-class JW Marriott Reston Station hotel and ultra-premium JW Marriott Residences, condominiums that are setting the new standard for luxury in the D.C. region. Signature dining, retail, and wellness options include a 55,000-square-foot VIDA Fitness and Spa, Founding Farmers, Davio’s Northern Italian Steakhouse, Noku Sushi, Starbucks, Tous les Jours, CVS, and more. Coming soon will be Ebbitt House, the first-ever expansion of D.C.’s iconic Old Ebbitt Grill brand. For more information, please visit RestonStation.com.
About Comstock
Founded in 1985, Comstock is a leading asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region. With a managed portfolio comprising approximately 10 million square feet at full build-out and including stabilized and development assets strategically located at key Metro stations, Comstock is at the forefront of the urban transformation taking place in the fastest-growing segments of one of the nation’s best real estate markets. Comstock’s developments include some of the largest and most prominent mixed-use and transit-oriented projects in the mid-Atlantic region, as well as multiple large-scale public-private partnership developments. For more information, please visit Comstock.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260219878412/en/
publicrelations@comstock.com
Original: Comstock Welcomes Amentum to Reston Station
US Market News
4月前
Jericho Energy Ventures (TSXV:JEV) Announces Letter of Intent with Comstock Holding Companies (Nasdaq:CHCI) to Advance AI Data Center Campus Development Leveraging Its Energy Infrastructure; Comstock to Invest USD$1.5 Million in Private PlacementFebruary 12, 2026 7:30 AM
ACCESS NewswireTULSA, OK / ACCESS Newswire / February 12, 2026 / Jericho Energy Ventures Inc. (TSXV:JEV)(OTCID:JROOF)(FRA:JLM) ("Jericho", "JEV" or the "Company"), an energy innovation company positioned at the nexus of energy and AI infrastructure, is pleased to announce that it has entered into a letter of intent (the "LOI"), dated February 11, 2026, with Comstock Holding Companies, Inc. (Nasdaq:CHCI) ("Comstock"), pursuant to which the parties have committed to establish a strategic partnership (the "Joint Venture" or "JV") focused on the acquisition and development of land in and around Jericho's existing energy assets in Oklahoma.Comstock is a diversified real estate organization with a 40+ year history of investing in, developing, acquiring, owning and operating virtually all types of residential, commercial, and mixed-use real estate, while providing supply-chain and management services to institutional investors, lenders, owners and municipalities with interests in real estate.As part of the proposed joint venture, Comstock has agreed to invest in Jericho through an initial non-brokered private placement (the "Financing") for gross proceeds of USD$1.5 million, subject to applicable regulatory approvals, including acceptance by the TSX Venture Exchange (the "Exchange").The Financing will consist of 25,684,932 units priced at CAD$0.08 per unit (the "Units"). Each Unit will be comprised of one (1) variable voting share of the Company (each, a "Unit Share") and one-half (½) of one share purchase warrant (each, a "Warrant"). Each two (2) Warrants will entitle the holder to acquire one (1) variable voting share (each, a "Warrant Share") at an exercise price of CAD$0.20 per Warrant Share, exercisable for a period of 24 months from the date of issuance. In addition, the Company may, at its discretion and subject to investor demand, offer up to an additional 20,000,000 Units under the private placement on the same terms as Comstock's investment.Comstock's Chief Executive Officer, Chris Clemente, is expected to join Jericho's board of directors following receipt of Exchange approval.Net proceeds from the Financing will be used to accelerate development of Jericho's planned flagship AI data center campus and related energy-infrastructure in Oklahoma and for general working capital needs.When consummated, the joint venture is expected to focus on assembling a portfolio of strategically located land that integrates Jericho's subsurface energy infrastructure assets with surface land interests, supporting the development of large-scale AI data center campuses and related digital infrastructure. Comstock is currently expected to contribute USD$6 million into the newly formed JV. In addition, it will have the opportunity, at its discretion, to either participate in a subsequent private placement financing to Jericho or cause an indirect capital contribution from the JV to be distributed to Jericho.Brian Williamson, CEO of Jericho, commented: "We are pleased to welcome Comstock, a leading real estate investor and developer, as a major shareholder and strategic partner of JEV. Their investment validates the quality of our energy assets and our strategy to develop premier AI data center campuses integrated within our robust Oklahoma energy infrastructure. This partnership strengthens our platform and positions the Company well for its next phase of growth."Chris Clemente, CEO of Comstock, commented: "We are excited to collaborate with Brian Williamson and the Jericho team. Comstock and Jericho will be focused on accelerating the planning of a world class AI data center campus and master plan on land indirectly controlled by Jericho thereby creating significant value for all stakeholders."Closing of the Financing is subject to negotiation of certain definitive terms and conditions, including Exchange approval. The securities issued under the Financing will be subject to a four month hold period under applicable securities laws in Canada and the rules of the Exchange. The Financing is expected to close following conditional approval of the Exchange. No finders' fees or brokers' commissions will be paid in connection with the Financing. The Joint Venture and related transactions are subject to certain conditions, and there can be no assurances that any or all of such transactions will be consummated.The securities referred to herein will not be or have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.About Jericho Energy VenturesJericho Energy Ventures (JEV) is uniquely positioned at the nexus of energy and AI infrastructure. Leveraging our long-producing oil and gas joint venture assets and robust Oklahoma infrastructure, we are deploying scalable, on-site power solutions to build cutting-edge build-to-suit AI Data Centers. With direct access to abundant, low-cost natural gas, we deliver efficient, high-performance energy solutions -- reducing waste, maximizing output, and unlocking long-term value in the rapidly converging AI and energy markets. For more information, please visit jerichoenergyventures.com.About ComstockFounded in 1985, Comstock is a leading asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region. With a managed portfolio comprising approximately 10 million square feet at full build-out and including stabilized and development assets strategically located at key Metro stations, Comstock is at the forefront of the urban transformation taking place in the fastest-growing segments of one of the nation's best real estate markets. Comstock's developments include some of the largest and most prominent mixed-use and transit-oriented projects in the mid-Atlantic region, as well as multiple large-scale public-private partnership developments. For more information, please visit Comstock.com.Contact:
Brian Williamson, CEO, or
Adam Rabiner, Investor Relations
Jericho Energy Ventures Inc.
T: +1 604-343-4534
E: investorrelations@jerichoenergyventures.comForward-Looking StatementsThis news release contains certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities laws. Forward-looking statements are not historical facts but reflect the current expectations of Jericho Energy Ventures Inc. ("Jericho") regarding future events, performance, or results, and are often identified by words such as "expect," "anticipate," "intend," "believe," "estimate," "may," "will," "could," or similar expressions.Forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied. Such factors include regulatory approvals, general economic conditions, industry risks, access to capital, technological development risks, and those described in Jericho's public filings at www.sedarplus.ca.Forward-looking statements are based on reasonable assumptions as of the date hereof, but Jericho cannot guarantee future results. Readers are cautioned not to place undue reliance on such statements. Except as required by law, Jericho undertakes no obligation to update or revise them.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in ?the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of ?this release.SOURCE: Jericho Energy Ventures Inc.View the original press release on ACCESS NewswireOriginal: Jericho Energy Ventures (TSXV:JEV) Announces Letter of Intent with Comstock Holding Companies (Nasdaq:CHCI) to Advance AI Data Center Campus Development Leveraging Its Energy Infrastructure; Comstock to Invest USD$1.5 Million in Private Placement