Real Estate News – Page 477

Greystone Affordable Development Transforming Indiana Affordable Housing with 4% and 9% LIHTC Hybrid Portfolio

$45.6 Million Redevelopment Project is Part of Indiana’s Vital “Moving Forward” Rural Development Program;Completes Financing Phase of Project, Including “Twinning” of Both 4% and 9% Tax Credits,and Readies Over a Dozen Properties for Immediate Renovations

NEW YORK, May 13, 2021 (GLOBE NEWSWIRE) -- Greystone Affordable Development, a national affordable housing developer, is spearheading the $45.6 million redevelopment of 336 affordable housing units in Indiana as part of the state’s “Moving Forward” Rural Development program.

Rittenhouse Capital Advisors secures $23,250,000 construction loan for the 2nd phase of a student apartment complex located at Penn State-Abington

PHILADELPHIA, May 13, 2021 (GLOBE NEWSWIRE) -- Rittenhouse Capital Advisors announced today that it sourced a construction loan for the 2nd phase of a student apartment complex located just off campus of the Penn State-Abington satellite campus.

Alexander’s Announces IKEA Exercises its Option to Purchase Paramus Property

PARAMUS, N.J., May 13, 2021 (GLOBE NEWSWIRE) -- ALEXANDER’S, INC. (New York Stock Exchange: ALX) announced today that it received notice from IKEA Property, Inc.

Keweenaw Land Announces Final Vote Results on Matters Before the 2021 Annual Meeting of Shareholders

IRONWOOD, Mich., May 13, 2021 (GLOBE NEWSWIRE) -- Keweenaw Land Association, Limited (OTC US: KEWL) today announced the final results of the shareholder vote of the proposals presented at the Company’s annual meeting held on May 10, 2021, which are as follows:

Proposal 1: Election of five nominees to the Board of Directors, each for a term expiring at the 2022 Annual Meeting.

Rittenhouse Realty Advisors Sells 204 Unit Wilmington, Delaware Apartment Portfolio at North of $14 Million

Wilmington Apartment Portfolio Sold By RRA

EXIT Realty Awards Idaho Sub Franchisor Rights to Max and Tina Coleman

Max and Tina Coleman

International Land Alliance to Present at Q2 Virtual Investor Summit

SAN DIEGO, CALIFORNIA, May 12, 2021 (GLOBE NEWSWIRE) -- International Land Alliance, Inc. (OTCQB:ILAL), (“ILA” or the “Company”), an international land investment and development firm, today announced that management will present at the Q2 Virtual Investor Summit, hosted by the Investor Summit Group, taking place May 17-18, 2021.

Rastegar Property Company Hires Saima Qureshi as Chief Strategy Officer

Fast Rising Executive to Explore New Markets as Rastegar Targets Strategic Expansion

Saima Qureshi, Chief Strategy Officer at Rastegar Property Company

Talonvest Negotiates $22 Million Loan for Scottsdale Property in Early Lease-Up

IRVINE, Calif., May 11, 2021 (GLOBE NEWSWIRE) -- Talonvest Capital, Inc., a boutique self storage and commercial real estate mortgage brokerage firm, announced today the firm secured the close of a $22,000,000 refinance loan for 1784 Capital Holdings on their storage facility located in Scottsdale, AZ.

Park Hotels & Resorts Inc. Announces Upsizing and Pricing of Senior Secured Notes Offering

TYSONS, Va., May 11, 2021 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) announced today that certain of its subsidiaries, Park Intermediate Holdings LLC (the “Operating Company”), PK Domestic Property LLC (“PK Domestic LLC”) and PK Finance Co-Issuer Inc.