Real Estate News – Page 355

La Rosa Acquires Fourth Real Estate Brokerage Franchisee with Revenue of $2.7 Million and Positive Net Income in 2022

Targeting $100 million of annualized revenue as a 2024 exit run rate

Celebration, FL, Dec. 20, 2023 (GLOBE NEWSWIRE) -- La Rosa Holdings Corp. (NASDAQ:LRHC) (“La Rosa” or the “Company”), a holding company for five agent-centric, technology-integrated, cloud-based, multi-service real estate segments, today announced that it has acquired a 51% interest in the Company’s franchisee - La Rosa Realty Premier, LLC (“Realty Premier”) located in Orlando, Florida.

Madison Realty Capital Originates $177.5 Million Loan for 451-Unit Multifamily Development in Boston

Retires $165 Million Construction Loan from Madison Realty Capital Debt Fund V Affiliate

NEW YORK, Dec. 20, 2023 (GLOBE NEWSWIRE) -- Madison Realty Capital, a vertically integrated real estate private equity firm focused on debt and equity investment strategies, today announced that it has originated a $177.5 million loan to Scape, an owner, developer, and operator of multifamily and student housing globally, for a 415-unit multifamily property located at 1252-1270 Boylston Street in the Fenway neighborhood of Boston.

Inventory falls to all-time low, while home prices continue to climb across New York

November 2023 NYS Housing Snapshot

Park Hotels & Resorts Update on Recent Operating Trends and Capital Allocation Highlights

TYSONS, Va., Dec. 20, 2023 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE:PK) today provided an update on fourth quarter operating trends.

CTO Realty Growth Announces Sale of Single Tenant Office Property in Tampa, FL For $22.0 Million

WINTER PARK, Fla., Dec. 20, 2023 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE: CTO) (the “Company” or “CTO”) today announced the closing of the sale of Sabal Pavilion, a 120,500 square foot single tenant office property located in Tampa, Florida (the “Property”).

LGI Homes Opens Two Brand-New Communities in the Houston Market

The Osage Plan by LGI Homes at Wayside Village in Houston features three bedrooms, two-and-a-half bathrooms, and a spacious family room.

NewLake Capital Partners Increases Fourth Quarter 2023 Common Stock Dividend to $0.40 per Share and Provides Share Repurchase Program Update

NEW CANAAN, Conn., Dec. 14, 2023 (GLOBE NEWSWIRE) -- NewLake Capital Partners, Inc. (OTCQX: NLCP) (“The Company” or “NewLake”), a leading provider of real estate capital to state-licensed cannabis operators, today announced that its board of directors has increased its fourth quarter 2023 cash dividend to $0.40 per share of common stock.

Allen Hartman and the Hartman Group, Largest Stockholder of Silver Star Properties, Announces Opposition to Company’s Consent Solicitation

Raises Concerns About Recent Actions by Incumbent Directors

HOUSTON, Dec. 14, 2023 (GLOBE NEWSWIRE) -- Silver Star Properties REIT, Inc. (“Silver Star” or the “Company”) on November 29, 2023 filed with the SEC a definitive proxy statement on Schedule 14A, with respect to its solicitation of consents from stockholders purportedly in lieu of annual meeting for the 2023 fiscal year (the "Consent Solicitation").

Regency Centers Acquires The Longmeadow Shops in Massachusetts

LONGMEADOW, Mass., Dec. 14, 2023 (GLOBE NEWSWIRE) -- Regency Centers today announced the acquisition of The Longmeadow Shops in Longmeadow, MA.

“The Longmeadow Shops have been a fixture in this community dating back 50 years and serves as a town gathering spot for shopping and dining,” said Barry Argalas, Managing Director of Transactions.

New York Mortgage Trust Declares Fourth Quarter 2023 Common Stock Dividend of $0.20 Per Share, and Preferred Stock Dividends

NEW YORK, Dec. 14, 2023 (GLOBE NEWSWIRE) -- New York Mortgage Trust, Inc. (Nasdaq: NYMT) (the “Company”) announced today that its Board of Directors (the “Board”) declared a regular quarterly cash dividend of $0.20 per share on shares of its common stock for the quarter ending December 31, 2023.