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LendingClub Agrees to Purchase Headquarters Property in San Francisco to Support Growth, Reinforcing Bay Area Commitment

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SAN FRANCISCO, April 17, 2025 /PRNewswire/ — LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America’s leading digital marketplace bank, today announced it has entered into a definitive agreement to acquire a 233,887 square foot property located at 88 Kearny Street in San Francisco for $74.5 million. The property, which will serve as the company’s headquarters beginning in Spring 2026, leverages the bank’s balance sheet to purchase an attractive asset that has the potential to appreciate in value over time. The transaction is subject to customary closing conditions and is expected to close in the second quarter.

“We are thrilled to have won a competitive bidding process on the 88 Kearny Street property, which will serve as our headquarters with plenty of capacity to support current and future workforce growth,” said Scott Sanborn, LendingClub CEO. “LendingClub has been proud to maintain an award-winning workplace in downtown San Francisco since 2012 and we’re happy to reinforce our commitment to the city, which is home to amazing talent and has long been a hotbed of innovation.”

“The expiration of our lease coincided with historically low San Francisco commercial real estate pricing,” Sanborn continued, “allowing us to acquire an institutional quality asset at a fraction of pre-pandemic cost with no expected impact to our financial performance and the potential for upside as San Francisco recovers.”

“LendingClub knows what we all know: San Francisco is worth betting on,” said San Francisco Mayor Daniel Lurie. “My administration is focused on creating the conditions for growth, including safe and clean streets, and this long-term investment in 88 Kearny shows that companies see the momentum. San Francisco is on the rise—and we’re just getting started.”

The bank plans to occupy 100,000 square feet of the Kearny Street property starting in Spring 2026 following the expiration of its current lease at 595 Market Street. The remaining space will be leased to a combination of new tenants and existing tenants.

The bank funded and capitalized the $74.5 million purchase entirely on its balance sheet, and the purchase is not expected to have any material effect on its financial performance.

“Not only is the transaction great for our brand and our employees, it makes great sense financially,” said Drew LaBenne, LendingClub’s Chief Financial Officer. “As a bank, we plan to leverage our balance sheet to make the transaction efficient from a capital and funding standpoint. Under conservative assumptions, the purchase is economically comparable to leasing space in the San Francisco market with potential upside as leasing and property values recover in the Bay Area.”

Over a third of LendingClub’s more than 1,000 employees are based in the San Francisco, CA headquarters, and the company has additional offices in Boston, MA, New York, NY, and Lehi, UT. LendingClub has won numerous top workplace awards from USA Today and Newsweek for its strong culture, values, and benefits.

The property was constructed in 1986, last purchased in 1999, and renovated in 2020.

About LendingClub
LendingClub Corporation (NYSE: LC) is the parent company of LendingClub Bank, National Association, Member FDIC. LendingClub Bank is the leading digital marketplace bank in the U.S., where members can access a broad range of financial products and services designed to help them pay less when borrowing and earn more when saving. Based on hundreds of billions of cells of data and over $100 billion in loans, our advanced credit decisioning and machine-learning models are used across the customer lifecycle to expand seamless access to credit for our members, while generating compelling risk-adjusted returns for our loan investors. Since 2007, more than 5 million members have joined the Club to help reach their financial goals. For more information about LendingClub, visit https://www.lendingclub.com.

Safe Harbor Statement
Some of the statements above, including statements regarding whether and when the transaction will close, the financial impact of the transaction and the potential for the property to appreciate are forward-looking statements. The words “expect”, “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “outlook,” “plan,” “predict,” “project,” “will,” “would” and similar expressions may identify forward-looking statements, although not all forward-looking statements contain these identifying words. Factors that could cause actual results to differ materially from those contemplated by these forward-looking statements include satisfaction of the closing conditions, timing for occupying the property, market demand for San Francisco office space and those factors set forth in the section titled “Risk Factors” in LendingClub Corporation’s most recent Annual Report on Form 10-K, as filed with the Securities and Exchange Commission, as well as in subsequent filings by LendingClub Corporation with the Securities and Exchange Commission. LendingClub may not actually achieve the plans, intentions or expectations disclosed in forward-looking statements, and you should not place undue reliance on forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in forward-looking statements. LendingClub does not assume any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Contacts
For Investors: IR@lendingclub.com
Media Contact: Press@lendingclub.com

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SOURCE LendingClub Corporation

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Club Offers for Travel Enthusiasts in the UK

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November 8, 2026

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LONDON, Nov. 7, 2026 /PRNewswire/ — Travelzoo® (NASDAQ: TZOO), the club for travel enthusiasts, announces four of many new Club Offers for Club Members in the UK.

Rigorously vetted and negotiated for us travel enthusiasts:

£420PP—DELUXE TUSCANY BREAK WITH DINNER & COOKING CLASS
Hotel Villa Il Patriarca sits in extensive grounds, surrounded by mature pine and cypress trees. This offer includes three nights in a Junior Suite, a 6-course dining experience at Michelin-listed I Salotti, a cooking class with the chef, and wine tasting. We have negotiated savings of £373 per couple in spring and summer.
  £200PP—2 NIGHTS AT NEW CORNWALL HOTEL
Travelzoo Club Members are invited to be the first guests at this new hotel when it opens in January. Elysium St Mawes in the Cornish village of St Mawes has been completely redesigned. We have negotiated savings of 50% on regular rates. Includes two nights, champagne, cream tea, and a session in the thermal spa.
  £199PP—FRENCH RIVIERA WITH FLIGHTS
Winter in Cannes means fewer crowds, golden light, and mild weather. This special rate is just for us Club Members—three nights at the Juliana Hotel Cannes in a balcony room, a stone’s throw from the famous Boulevard de la Croisette. Includes return flights.
  £99PP—TOP WEST END SHOW WITH DINNER
“Miss Saigon” returns to the West End for the first time since 2016. Tickets usually cost £99 per person but, with this offer, we also get a 2-course meal and drink at Gaucho Piccadilly before the show.

Are you a travel enthusiast? Join the club today: https://travelzoo.com

Who are we?
We, Travelzoo®, are the club for travel enthusiasts. We reach 30 million travellers. Club Members receive Club Offers negotiated and rigorously vetted by our deal experts around the globe. Our relationships with thousands of top travel companies give us access to irresistible deals. Our club and its benefits are built around the lifestyle of a modern travel enthusiast.

Media Contact: 
Cat Jordan – London
+44 77 7678 1525
cjordan@travelzoo.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/club-offers-for-travel-enthusiasts-in-the-uk-302932597.html

SOURCE Travelzoo

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Dynamic Pricing Raises New Questions for Forwarders Evaluating Automated Freight Quoting

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2 hours ago

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November 8, 2026

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As freight forwarders adopt AI freight quoting software, Aircon founder Chris Condon says buyers should measure more than response speed. He urges teams evaluating freight quote automation software to count total operator time, including review and correction, and to check how quotes hold up when shipment details change.

LEWISVILLE, Texas, Nov. 7, 2026 /PRNewswire-PRWeb/ — As more freight forwarders adopt AI freight quoting software to keep pace with shifting rates, a practical question is emerging: how much of the time saved is later spent checking and fixing what the software produces? Chris Condon, founder and CEO of Aircon, says buyers evaluating freight quote automation software should look at dynamic pricing alongside the work required to turn a supplier’s rate into a customer commitment. His comments follow G2’s 2026 AI Agents Report, updated October 14, which examines the operating costs of reviewing and correcting automated work.

“A higher rate can still be the right choice if it supports the required service,” Condon said. “What matters is knowing what the price includes, which conditions apply and what still has to be confirmed before the customer relies on the answer.”

“Think about a hotel when a major concert comes to town,” Condon said. “Demand goes up, there are only so many rooms, and prices can rise. Freight responds to supply and demand too. The forwarder’s job is to work out whether the available price and service meet the customer’s need.”

Freight pricing reflects more than demand. Costs, contract terms, and shipment requirements all shape the final number. A changing rate tells the forwarder something about one particular option… building a customer offer still requires checking service conditions, outstanding confirmations, and the forwarder’s own commercial rules.

That verification step is where automated freight quoting is put to the test. Condon refers to it as decision assurance: organizing the inputs and evidence behind a proposed commitment, flagging open questions, and keeping a record of the decision, while the forwarder retains judgment and the customer relationship.

“A higher rate can still be the right choice if it supports the required service,” Condon said. “What matters is knowing what the price includes, which conditions apply and what still has to be confirmed before the customer relies on the answer.”

G2’s report draws on a July survey of 1,019 business technology decisionmakers across industries. Forty-five percent of respondents said oversight and rework consume more than a quarter of their expected productivity gains. The findings are self-reported and cover enterprise AI adoption broadly; the report is not specific to freight.

For teams comparing freight quoting software for forwarders, Condon suggests looking beyond response speed. He recommends measuring total operator time, including review and correction, and asking how any freight quote management software handles changes to shipment details…and whether a second operator can understand the conditions behind an earlier quote.

“The practical standard is to give the team time back and keep the judgment behind the customer commitment clear,” Condon said.

About Aircon:

Aircon provides decision-assurance software for freight forwarders, supporting the review that takes place before a quote becomes a customer commitment. It preserves inputs, evidence, and decision state within the forwarder’s existing workflow, while the forwarder retains the customer relationship and commercial judgment.

Media Contact

Chris Condon, Aircon, 1 (855) 750-4560, ccondon@aircon.ai, https://www.aircon.ai

View original content:https://www.prweb.com/releases/dynamic-pricing-raises-new-questions-for-forwarders-evaluating-automated-freight-quoting-302931757.html

SOURCE Aircon

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DataLogix AI Launches Workplace Video Resources for Businesses Exploring AI and Robotics Training

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5 hours ago

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November 7, 2026

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New calculator, business owner guide and inquiry form help companies assess workplace video alongside existing business records.

UNION, N.J., Nov. 7, 2026 /PRNewswire-PRWeb/ — DataLogix AI, a division of Trailblaze Solutions LLC, has launched online resources to help business owners explore first-person workplace video for AI and robotics training. The new resources include a workplace-video overview, an adjustable revenue calculator, a business owner guide and an inquiry form for discussing potential fit.

The launch adds a second starting point alongside DataLogix AI’s existing focus on licensing business records. Owners can compare written operating history, such as internal email, chat, tickets and project records, with newly recorded footage showing the hands, tools and steps involved in approved physical tasks. Businesses with both types of activity can explore each separately.

The workplace-video resources describe possible tasks in areas including warehousing, maintenance, construction, production and vehicle service. These examples are discussion starting points, not confirmed eligible categories. The guidance asks owners to review participant consent, recording permissions, safety, equipment and footage acceptance criteria before beginning.

The calculator models a four-week scenario using the number of participating workers, accepted recording hours per worker and an assumed payment rate. Owners can optionally enter employee compensation and other business costs. All figures are illustrative. The calculator does not establish an offered rate, forecast earnings or determine eligibility, and a result after entered deductions is not net profit.

The accompanying guide explains how the two opportunities differ in preparation, rights and economics. It includes questions about who may approve participation, what can be recorded or licensed, who may receive the material and how payment would be determined. Owners can review the resources without uploading company records or workplace footage.

Businesses interested in learning more can use the inquiry form to describe their company and the opportunity they would like to discuss. An inquiry is not enrollment, recording permission or a payment offer. Program availability, equipment and commercial terms require separate confirmation, and payment may be zero.

Explore the new resources at https://datalogix.ai/data-opportunities.

About DataLogix AI

DataLogix AI is a division of Trailblaze Solutions LLC based in Union, New Jersey. It helps business owners explore data opportunities through educational resources, illustrative calculators and business-level inquiries. DataLogix AI is not a data buyer, law firm or financial adviser.

Media Contact

Mark Lowenstein, DataLogix AI, 1 8887875358, press@datalogix.ai, https://datalogix.ai/

View original content:https://www.prweb.com/releases/datalogix-ai-launches-workplace-video-resources-for-businesses-exploring-ai-and-robotics-training-302931763.html

SOURCE DataLogix AI

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