Category: Uncategorized

Eastman 

FRANKFURT, February 18, 2025 /3BL/ – Eastman introduced the latest innovation in its sustainable fiber portfolio at Heimtextil trade fair in Frankfurt, Germany. Eastman Naia™ Renew cellulosic fiber for fill applications expands beyond the brand’s success in bedding and towels. The fiber transforms comforters and quilts with breathable comfort, luxurious softness and unparalleled ease of care.

Heimtextil visitors can explore the transformative potential of Naia™ Renew for bedding fill in Hall 11.0, booth 61. The booth includes interactive displays and product demonstrations.

“This represents a significant evolution in the application of Naia™ Renew in home textiles, meeting the growing demand for high-performing, more sustainable solutions,” said Chad Doub, segment market manager for Eastman’s textiles division.

As the human body generates moisture throughout the night, it is important to prevent discomfort and support uninterrupted rest by managing trapped sweat. Naia™ Renew delivers a unique combination of breathability and moisture management, creating a dry and relaxing sleep environment. The fiber addresses every phase of moisture control: absorption, transport and evaporation.

The unique Y-shaped, cross-sectional design of Naia™ Renew fiber enables effective moisture wicking and dispersion. Its quick-drying properties create a consistently dry environment. The Y-shaped insulation provides greater loft and bulk compared to traditional popcorn-like fiber cross sections. This enhances softness and warmth and contributes to improved airflow within the padding for moisture wicking.

“This allows the fibers to respond to temperature changes that occur during the night, adapting perfectly to the needs of the body and rest,” Doub said.

Naia™ Renew enhances comforters with breathable properties that improve airflow and moisture management, outperforming traditional single-fiber fills in water-vapor resistance and transmission tests.

The fiber also delivers supreme softness and comfort with a silky and lightweight feel. Hypoallergenic and resistant to bacterial growth, Naia™ Renew fibers stay fresh even after repeated washing. This helps reduce odors and ensures comforters remain clean and inviting.

Additionally, Naia™ Renew fibers are machine washable, offering practical and durable solutions for busy modern lifestyles.

Learn more about Naia™ Renew for fill and other home textile applications at naia.eastman.com.

*Naia™ Renew recycled content is achieved by allocation of recycled waste material using GRS certified mass balance process.

About Eastman

Founded in 1920, Eastman is a global specialty materials company that produces a broad range of products found in items people use every day. With the purpose of enhancing the quality of life in a material way, Eastman works with customers to deliver innovative products and solutions while maintaining a commitment to safety and sustainability. The company’s innovation-driven growth model takes advantage of world-class technology platforms, deep customer engagement, and differentiated application development to grow its leading positions in attractive end markets such as transportation, building and construction, and consumables. As a globally inclusive and diverse company, Eastman employs approximately 14,000 people around the world and serves customers in more than 100 countries. The company had 2023 revenue of approximately $9.2 billion and is headquartered in Kingsport, Tennessee, USA. For more information, visit www.eastman.com.

For contacts and information
Menabò Group, Naia™ press support: pressoffice@menabo.com

CLEVELAND, February 18, 2025 /3BL/ – KeyBank Community Development Lending and Investment (CDLI) provided a $27 million construction loan and arranged a $14.4 million Private Placement permanent loan to finance the adaptive reuse of the First & Market office building. First & Market building will introduce 93 affordable senior housing units to Pittsburgh’s downtown, complete with accessibility features, sustainable building practices, and proximity to public transit, healthcare, and other downtown amenities.

The sponsor, Beacon Communities, held its groundbreaking for the project last month. The project is aligned with the City of Pittsburgh’s greater objectives to transition underutilized office buildings to low-income housing, a resource with extremely low inventory in downtown Pittsburgh.

All 93 units will be restricted to a senior population (62+) and supported by a Section 8 Project-Based Voucher HAP contract through the Housing Authority of the City of Pittsburgh. The HAP contract will restrict 83 units to 50% area median income (AMI) and 10 units to 20% AMI. Twenty-eight units will meet Uniform Federal Accessibility Standards (UFAS), of which five will be restricted to 20% AMI and 23 to 50% AMI.  

Beacon Residential Management will provide on-site property management and resident services coordination. An on-site resident services coordinator will collaborate with various community resource providers to help residents meet their basic needs with rental, food, and transportation assistance. Additional supportive services will be provided based on the needs of the senior residents, including technology education, health education, social activities, health care coordination, financial literacy classes, money management resources, and mental and behavioral health services and support.

Seaver Rickert from KeyBank Community Development Lending and Investment and Leslie Meyers from Key’s Commercial Mortgage Group arranged the financing.

About KeyBank Community Development Lending and Investment 

KeyBank Community Development Lending and Investment (CDLI) finances projects that stabilize and revitalize communities across all 50 states. As one of the top affordable housing capital providers in the country, KeyBank’s platform brings together construction, acquisition, bridge-to-re-syndication, and preservation loans, as well as lines of credit, Agency and HUD permanent mortgage executions, and equity investments for low-income housing projects, especially Low-Income Housing Tax Credit (LIHTC) financing. KeyBank has earned 11 consecutive “Outstanding” ratings on the Community Reinvestment Act exam, from the Office of the Comptroller of the Currency, making it the first U.S. national bank among the 25 largest to do so since the Act’s passage in 1977. 

About KeyCorp 

KeyCorp’s roots trace back nearly 200 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation’s largest bank-based financial services companies, with assets of approximately $187 billion at December 31, 2024. Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of approximately 1,000 branches and approximately 1,200 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications, and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank is Member FDIC.

About Beacon Communities

Beacon Communities LLC is a privately owned real estate firm that develops, acquires, invests in, and manages a wide range of multi-family housing. Their portfolio includes affordable housing, market rate housing and mixed income-housing. Their developments range from new construction to historic adaptive reuse, to the renovation of existing housing. They take on challenging developments and make them succeed. Their driving passion is to create well-designed, healthy homes that improve the quality of life of their residents and enhance the neighborhoods in which they are located. For more information about Beacon Communities LLC, please visit www.beaconcommunitiesllc.com