Real Estate News

Alexander’s Amends Retail Loan at 731 Lexington Avenue

PARAMUS, N.J., Sept. 14, 2020 (GLOBE NEWSWIRE) -- ALEXANDER’S, INC. (New York Stock Exchange: ALX) announced today that it has amended a $350 million mortgage loan on the retail condominium of 731 Lexington Avenue in Manhattan.

Gladstone Commercial Corporation Executes Second Lease at Minneapolis Office Property

MCLEAN, Va., Sept. 14, 2020 (GLOBE NEWSWIRE) -- Gladstone Commercial Corporation(Nasdaq: GOOD) (“Gladstone Commercial”) announced today that it has signed a lease with Pipeline Foods LLC (“Pipeline”) at 6499 University Avenue, Gladstone’s office property in Fridley, Minnesota, a suburb of Minneapolis.

New York Mortgage Trust Declares Third Quarter 2020 Common Stock Dividend of $0.075 Per Share, and Preferred Stock Dividends

NEW YORK, Sept. 14, 2020 (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 $0.075 per share on shares of its common stock for the quarter ending September 30, 2020.

Concord RENTS Announces the Grand Opening of Lake Sumter Apartment Homes

Sumter County’s Newest Affordable Housing Community in 16 Years

LADY LAKE, Fla., Sept. 14, 2020 (GLOBE NEWSWIRE) -- ConcordRENTS announces the Grand Opening of Lake Sumter Apartment Homes, a $28.7 Million affordable housing community, consisting of 158 apartment homes serving those making 40% - 80% of the area median income.

Pharrah Jackson Named Vice President of Finance for Greystone Affordable Development

NEW YORK, Sept. 14, 2020 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate financing company, announced that Pharrah Jackson has been named Vice President of Finance for Greystone Affordable Development, a recapitalization and redevelopment manager in the affordable housing sector, reporting to the group’s president and CEO, Tanya Eastwood.

Kite Realty Group Trust Announces Quarterly Common Dividend, Update on Quarterly Rent Collections and Repayment of Line of Credit

INDIANAPOLIS, Sept. 14, 2020 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE: KRG) announced today that its Board of Trustees declared a quarterly cash distribution of $0.08 per common share for the quarter ending September 30, 2020.

Lexington Realty Trust Announces Expiration and Final Results of Cash Tender Offers for up to $300.0 Million Combined Aggregate Principal Amount of its 4.25% Senior Notes due 2023 and 4.40% Senior Notes due 2024

NEW YORK, Sept. 14, 2020 (GLOBE NEWSWIRE) -- Lexington Realty Trust (NYSE: LXP) (“Lexington”), a real estate investment trust (REIT) focused on single-tenant industrial real estate investments, today announced the expiration and final results of its previously announced cash tender offers (the “Tender Offers”) to purchase up to $300.0 million combined aggregate principal amount (the “Maximum Tender Amount”) of its outstanding 4.25% Senior Notes due 2023 (the “2023 Notes”) and 4.40% Senior Notes due 2024 (the “2024 Notes,” and together with the 2023 Notes, the “Notes”).