Real Estate News

Greystone Provides Bridge Acquisition Financing for $150 Million Supportive Living Portfolio Across Illinois

NEW YORK, July 17, 2023 (GLOBE NEWSWIRE) -- Greystone Monticello, a bridge lending platform intended to serve as a one-stop-shop provider of capital finance products and services for the multifamily and senior housing sectors, has provided bridge financing towards the $150 million acquisition of a portfolio of eight Supportive Living Facilities (SLF) located across the state of Illinois.

Harbor Custom Development, Inc., Promotes New Leadership Team

TACOMA, Wash, July 18, 2023 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (Nasdaq: HCDI, HCDIP, HCDIW, HCDIZ) (“Harbor,” “Harbor Custom Homes®,” or the “Company”), a real estate company involved in all aspects of the land development cycle, announced the internal promotion of four of The Company’s leadership team, including Yoshi Niino, Kyla Sawtell, Mark Long, and Jennifer Lang.

PIEDMONT OFFICE REALTY TRUST COMMENCES OFFER TO PURCHASE ANY AND ALL OF ITS OUTSTANDING 4.450% SENIOR NOTES DUE 2024

Atlanta, July 18, 2023 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. (“Piedmont” or the “Company”) (NYSE: PDM) today announced that its operating partnership, Piedmont Operating Partnership, LP (the “Operating Partnership”), has commenced a cash tender offer to purchase any and all of its outstanding 4.450% senior notes due 2024 (the “notes”) for the consideration described below.

Premier Sotheby’s International Realty Strengthens Leadership Team

NAPLES, Fla., July 18, 2023 (GLOBE NEWSWIRE) -- Premier Sotheby's International Realty, a leading luxury real estate brokerage firm, is pleased to announce the appointment of Terrence Cook as the managing broker of its Sarasota and Lakewood Ranch offices and Champ Claris as the managing broker of its Lake Norman—Cornelius and Lake Norman—Mooresville offices.

Macerich to Welcome High-End Fitness Concept ‘Club Studio’ to Santa Monica Place

48,000-Square-Foot Club Studio on Level One Joins ARTE MUSEUM on Level Three; Advances Complete Repurposing of Former Bloomingdale’s Box and Theater Space

SANTA MONICA, Calif., July 19, 2023 (GLOBE NEWSWIRE) -- Macerich (NYSE: MAC), one of the nation’s leading owners, operators and developers of high-quality retail and mixed-use properties in top markets, today announced that high-end fitness concept Club Studio is coming to Santa Monica Place.

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