Real Estate News

Continues to Progress Multifamily Transformation and Planned Southeast Expansion

WASHINGTON, July 26, 2021 (GLOBE NEWSWIRE) -- WashREIT (NYSE: WRE) has completed the previously announced sale of 12 office assets, representing the entire office portfolio excluding Watergate 600, for gross proceeds of $766 million.

NEWS RELEASE

July26, 2021

Sun Communities, Inc. Reports 2021 Second Quarter Results

Southfield, MI, July 26, 2021 (GLOBE NEWSWIRE) -- Sun Communities, Inc.

Mark Mulhern to Retire as CFOBrendan Maiorana Appointed SuccessorTransition Effective January 1, 2022

Further Strengthens Leadership TeamSara Carlton Promoted to Vice President and Associate General CounselRyan Hunt Promoted to Vice President and Chief Information Officer

RALEIGH, N.C.

INDIANAPOLIS, July 27, 2021 (GLOBE NEWSWIRE) -- Becknell Industrial is pleased to announce it has purchased an 83.37-acre parcel at the Sauer Industrial Center in the Airport submarket of Richmond, Virginia.

SAN DIEGO, CALIFORNIA, July 27, 2021 (GLOBE NEWSWIRE) -- International Land Alliance, Inc. (OTCQB: ILAL), (“ILA” or the “Company”), an international land investment and development firm, today announced that it has entered into a definitive agreement with a single institutional investor for the purchase of 3,000,000 shares of its common stock at a purchase price per share of $0.68, in a private placement.

BOSTON and PHOENIX, July 27, 2021 (GLOBE NEWSWIRE) -- Taurus Investment Holdings, LLC, a global private equity real estate firm operating for over 40 years with experience in multifamily, office, logistics, mixed-use and renewable energy sectors, announced today the acquisition of 544 Southern for a purchase price of $31,075,000, marking Taurus’ fourth acquisition in the Phoenix market within the last 12 months.

Top Real Estate Companies Rely on HqO to Provide Superior Tenant Experiences

BOSTON, July 27, 2021 (GLOBE NEWSWIRE) -- HqO, the only tenant experience operating system for office buildings, has partnered with asset managers to power over 13 million square feet of commercial real estate (CRE) in Europe.

- Second Quarter 2021 Net Loss of $0.73 Per Share -- Total Adjusted EBITDA Exceeds Internal Forecast by 98% -- Property Level Cash Flow of $18.3 Million -- Positive Corporate Level Cash Flow Achieved in June -- Comparable Portfolio GOP Margins Exceed 45% in June -

PHILADELPHIA, July 27, 2021 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT) (“Hersha,” “Company,” “we” or “our”), owner of high-quality hotels in urban gateway markets and regional resort destinations, today announced results for the second quarter ended June 30, 2021.

Company outlines ESG programs and their impact on the environment, social responsibility and corporate governance

INDIANAPOLIS, July 26, 2021 (GLOBE NEWSWIRE) -- Duke Realty (NYSE: DRE), the leading domestic-only, pure-play logistics property REIT (Real Estate Investment Trust) in the United States, has released its 2020 Corporate Responsibility Report, an annual recap of the steps the company has taken over the past year to advance sustainability, provide meaningful support to its colleagues and the communities in which it operates, and conduct its business in an ethical and exemplary manner.

Gig Harbor, Washington , July 26, 2021 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (“Harbor,” “Harbor Custom Homes®,” or the “Company”), (NASDAQ:HCDI), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced that it has entered into a sales contract with Lennar Northwest, Inc.