Real Estate News

SL Green Realty Corp. Announces Common Stock Dividend

NEW YORK, May 19, 2025 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattan’s largest office landlord, today announced that its board of directors has declared a monthly ordinary dividend of $0.2575 per share of common stock, which is the equivalent of an annualized dividend of $3.09 per share.

New Again Houses® Welcomes New Cash Home Buyers in Baton Rouge, LA

Multi-Faceted Real Estate Business Celebrates Continued Success with the Opening of Its 56th Cash Home Buying Franchise in Baton Rouge, LA

BATON ROUGE, La., May 19, 2025 (GLOBE NEWSWIRE) -- New Again Houses®, a company that transforms old houses into fantastic modern homes, is thrilled to announce the opening of their 56th location in Baton Rouge, LA! The brand-new franchise location—led by Kyle and Anna Arceneaux—will now be able to buy and sell homes throughout Baton Rouge and surrounding cities in East Baton Rouge, Ascension, and Livingston Parishes.

Madison Realty Capital Originates $720 Million Loan for Office-to-Residential Conversion of Former Pfizer Headquarters

Largest Financing Ever Secured for an Office-to-Residential Conversion in New York City

NEW YORK, May 19, 2025 (GLOBE NEWSWIRE) -- Madison Realty Capital, a vertically integrated real estate private equity firm focused on real estate private credit, today announced that it has originated a $720 million loan to a joint-venture between Metro Loft Developers and David Werner Real Estate Investments for the development and conversion of the former Pfizer headquarters consisting of two adjacent and connected office buildings.

Opendoor Announces Closing of Convertible Notes Exchange and New Convertible Notes Issuance

SAN FRANCISCO, May 19, 2025 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. (Nasdaq: OPEN) (the “Company”), a leading e-commerce platform for residential real estate transactions, today announced the completion of its negotiated exchange and subscription agreements (the “Exchange and Subscription Agreements”) with certain holders of the Company’s 0.25% Convertible Senior Notes due 2026 (the “2026 Notes”) and new investors, pursuant to which the Company issued $325.0 million aggregate principal amount of its 7.000% Convertible Senior Notes due 2030 (the “2030 Notes”) consisting of (a) approximately $245.8 million principal amount of 2030 Notes issued in exchange for approximately $245.8 million principal amount of 2026 Notes (the “Exchange Transactions”), and (b) approximately $79.2 million principal amount of 2030 Notes for cash (the “Subscription Transactions” and, together with the Exchange Transactions, the “Transactions”), in each case, pursuant to exemptions from registration under the Securities Act of 1933, as amended (the “Securities Act”), and the rules and regulations thereunder.

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