WEST PALM BEACH, Fla., Aug. 06, 2024 (GLOBE NEWSWIRE) -- Southern Realty Trust Inc. (“SRT” or the “Company”) today announced that it originated and an affiliate of SRT agented a senior credit facility in the aggregate amount of $160.0 million for the development of Panther National (the “Project”), a residential and golf community in Palm Beach Gardens, Florida.
Real Estate News
THE WOODLANDS, Texas, Aug. 05, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 568 homes in July 2024.
As of July 31, 2024, the Company had 130 active selling communities.
NEW YORK, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE: VNO) reported today:
Quarter Ended June 30, 2024 Financial Results
NET INCOME attributable to common shareholders for the quarter ended June 30, 2024 was $35,260,000, or $0.18 per diluted share, compared to $46,377,000, or $0.24 per diluted share, for the prior year's quarter.
NEW YORK, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that its 52% owned street retail joint venture has entered into an agreement to sell UNIQLO the portion of its U.S.
PARAMUS, N.J., Aug. 05, 2024 (GLOBE NEWSWIRE) -- ALEXANDER’S, INC. (New York Stock Exchange: ALX) filed its Form 10-Q for the quarter ended June 30, 2024 today and reported:
Second Quarter 2024 Financial Results
Net income for the quarter ended June 30, 2024 was $8.4 million, or $1.63 per diluted share, compared to $64.1 million, or $12.51 per diluted share for the quarter ended June 30, 2023.
Silva to offer highly curated amenities, 360-degree views of Los Angeles
LOS ANGELES, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Cityview, a premier multifamily investment management and development firm, and Wafra, a global alternative investment manager, have acquired Silva, a newly constructed 221-unit, Class A multifamily community in the Silver Lake neighborhood of Northeast Los Angeles.
ATLANTA, Aug. 05, 2024 (GLOBE NEWSWIRE) -- CIP Real Estate is pleased to announce the appointment of Ankoor “AJ” Jivan as Executive Vice President of Acquisitions for the Southeastern U.S.
AUSTIN, Texas, Aug. 02, 2024 (GLOBE NEWSWIRE) -- Direct Equity Source, a leading real estate private equity firm, is pleased to announce a strategic partnership with AAA Storage, an industry-leading self-storage company.
Second Most-Expensive Orange County Listing in 2024
DROPBOX:https://app.box.com/s/e2eikndcjiziuetm7pwb77cbef5g3aom
PHOTO CREDIT:Bowman Group/Tyler Bowman
LISTING LINK:https://caingroup.com/20-coastline-crystal-cove/#2
NEWPORT COAST, Calif.
The Company is focused on its top priorities of capital allocation and operational momentum to accelerate FFO growth and improve dividend coverage.
CAPITAL ALLOCATION MOMENTUMGenerated approximately $400 million of proceeds from JV and asset sale transactions through the second quarterAdditional transactions under contract or LOI that are expected to increase proceeds to more than $1 billion, with the majority of these transactions occurring by the end of the third quarterRepurchased 18.5 million shares to date, totaling $294.5 millionOPERATIONAL MOMENTUMDelivered multi-tenant absorption of 183,000 square feet year-to-date, or 55 basis points, exceeding expectations for the first half of 2024Generated strong new leasing momentum with new leases of approximately 432,000 square feet, the fourth consecutive quarter above 400,000Improved tenant retention to 85.5%, compared to 84.8% in first quarter 2024 and 79.3% for full year 2023NASHVILLE, Tenn.