Real Estate News – Page 42

Matterport Announces Second Quarter 2024 Financial Results

Annualized Recurring Revenue hits record $96.6 million, up 16% year-over-year Cash used in operating activities for the first half of 2024 improved 64% year-over-yearTotal subscribers grew to 1.06 million, up 28% year-over-yearSquare feet under management reached 44.0 billion, up 33% from prior year

SUNNYVALE, Calif.

Sunrise Realty Trust Commits $40.0 Million in Credit Facility for Luxury Golf Community in Palm Beach County

WEST PALM BEACH, Fla., Aug. 06, 2024 (GLOBE NEWSWIRE) -- Sunrise Realty Trust, Inc. (Nasdaq: SUNS) (“SUNS” or the “Company”) today announced that it has committed $40.0 million of which the Company funded $27.5 million in a credit facility for the development of Panther National (the “Project”), a residential and golf community in Palm Beach Gardens, Florida.

Southern Realty Trust Originates $160.0 Million Senior Credit Facility for Luxury Golf Community in Palm Beach County

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.

LGI Homes, Inc. Reports July 2024 Home Closings

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.

Vornado Announces Second Quarter 2024 Financial Results

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.

Vornado’s Retail JV Enters into $350 Million Transaction with UNIQLO

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.

Alexander’s Announces Second Quarter Financial Results

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.

Cityview & Wafra Acquire Newly Constructed 221-Unit Multifamily Project in Silver Lake

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.

Commercial Real Estate Executive Ankoor “AJ” Jivan Joins CIP Real Estate to Lead Acquisitions in Southeast U.S.

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.

Direct Equity Source Announces Strategic Partnership with AAA Storage to Expand Self-Storage Portfolio

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.