Real Estate News – Page 345

Park Hotels & Resorts Provides Update on Operating Trends

TYSONS, Va., April 13, 2022 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE:PK) today provided an operational update.

Recent Highlights

Occupancy for March 2022 for Park’s 48 consolidated hotels was 63.0%, a sequential improvement of over 10 percentage points from February 2022;Repurchased 3.4 million shares of common stock at an average price of $17.99 per share, or $61 million, during the first quarter of 2022; andAccelerated plans to reopen Park’s remaining suspended hotel, the 1,024-room Parc 55 San Francisco – a Hilton Hotel, with a target reopening date of May 19, 2022, based on improving demand trends in the San Francisco market.

Gilbane Cuts Construction Project Time by 25 Percent with Matterport Digital Twins

Leading global construction firm reduces costs, accelerates ADA improvements with virtual collaboration

SUNNYVALE, Calif., April 14, 2022 (GLOBE NEWSWIRE) -- Matterport, Inc. (Nasdaq: MTTR), the leading spatial data company driving the digital transformation of the built world, today announced that Gilbane Building Company (“Gilbane”), a global leader in real estate, construction, and facility management services, has realized 25 to 30 percent in cost and time savings by adopting Matterport digital twins to enable remote collaboration during its design, build program delivery.

RRA/ GREA Sells Three Development Sites Totaling $47+ Million, Bringing Over $150 Million in New Development Projects to the City of Philadelphia

Development Sites Recently Sold By RRA/GREA

Development Sites in Philadelphia, PA Recently Sold By RRA/GREA

Madison Newbond Lending Platform Originates $72 Million Loan for Two Newly Built Hotels in Sonoma and Napa Valley

NEW YORK, April 13, 2022 (GLOBE NEWSWIRE) -- Madison Newbond, the institutional lending platform of Madison Realty Capital and Newbond Holdings (“Newbond”) that provides first mortgages, mezzanine loans and preferred equity to hotel owners and developers nationwide, today announced it has originated a $72 million loan to Stratus Development Partners for two newly-built hotels in Sonoma and Napa, California operating under the Cambria brand.

Alpine Income Property Trust Announces Sale of Single Tenant Office Property Leased to Wells Fargo

WINTER PARK, Fla., April 14, 2022 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company”) today announced the disposition of its single tenant office property located in Hillsboro, Oregon and net leased to Wells Fargo (the “Property”).

Greystone Provides $16.6 Million Fannie Mae DUS® Loan to Refinance Multifamily Property in Tallahassee, Florida

NEW YORK, April 14, 2022 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, has provided a $16,605,000 Fannie Mae Delegated Underwriting and Servicing (DUS®) loan to refinance a 168-unit multifamily property in Tallahassee, Florida.

eXp Shareholder Summit 2022 to Feature Keynote Speech by Jay Shetty

Event Also Includes All-star Speaker Lineup, Company Updates, EXPO Hall and 5K Fund Run & Walk

eXp Shareholder Summit 2022 to Feature Keynote Speech by Jay Shetty

Powerhouse Regional Owners Strobl and Lynn Acquire Subfranchisor Rights to EXIT Realty in Texas

Stacy Strobl and Kenny Lynn

Greystone Provides $17.5 Million HUD-Insured Construction Loan for Affordable Senior Housing Property in West Palm Beach, Florida

NEW YORK, April 07, 2022 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, has provided a $17,529,400 construction loan under the HUD 221(d)(4) program for the $38.7 million redevelopment of an age-restricted affordable housing community located in West Palm Beach, Florida.

Opendoor to Report First Quarter 2022 Financial Results on May 5th, 2022

SAN FRANCISCO, April 07, 2022 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. (“Opendoor”) (Nasdaq: OPEN), a leading digital platform for residential real estate, today announced that it will report first quarter 2022 financial results for the period ended March 31, 2022, following the close of the market on Thursday, May 5, 2022.