Real Estate News – Page 680

Greystone Provides $59 Million in HUD-Insured Financing for Affordable Housing Portfolio in Harlem

NEW YORK, Jan. 07, 2021 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, has provided a total of $59 million HUD-insured financing for a portfolio of three Section 8 multifamily properties consisting of 143 units in New York City’s Harlem neighborhood.

Hersha Hospitality Trust Sells Courtyard San Diego For $64.5 Million

PHILADELPHIA, Jan. 04, 2021 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT) (“Hersha” or the “Company”), owner of high-quality hotels in urban gateway markets and regional resort destinations, today announced it entered into a binding sales agreement on the 245-room Courtyard San Diego for $64.5 million resulting in a net book gain approximating $5.4 million.

Greystone Provides $14.9 Million in HUD-Insured Financing for a Multifamily Property in Washougal, Washington

NEW YORK, Jan. 04, 2021 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, has provided a $14.9 million HUD-insured loan to refinance a 119-unit multifamily property in Washougal, Washington.

Griffin Announces Corporate Updates and New Name

NEWS FROM:

INDUS REALTY TRUST, INC.(formerly GRIFFIN INDUSTRIAL REALTY, INC.)

Completion of Maryland reincorporationName change from Griffin Industrial Realty, Inc. to INDUS Realty Trust, Inc.

Brookfield Property Partners Acknowledges Brookfield Asset Management’s Privatization Proposal and Establishes a Committee of Independent Directors

All dollar references are in U.S. dollars, unless noted otherwise.

BROOKFIELD NEWS, Jan. 04, 2021 (GLOBE NEWSWIRE) -- Brookfield Property Partners L.P. (“BPY” or the “Company”) (NASDAQ: BPY; TSX: BPY.UN) and Brookfield Property REIT Inc.

Talonvest Closes $15.65 Million Bridge Loan for MA Property

IRVINE, Calif., Jan. 06, 2021 (GLOBE NEWSWIRE) -- Talonvest Capital, Inc., a boutique self storage and commercial real estate mortgage brokerage firm, represented Westport Properties, Inc, and their institutional JV equity partner Heitman, in the negotiation of a $15,650,000 bridge loan for the acquisition of a recently constructed storage property in Needham, MA.

Pacific Urban Residential Continues Eastern U.S. Expansion With Boston Acquisition

PALO ALTO, Calif., Jan. 05, 2021 (GLOBE NEWSWIRE) -- Multifamily owner-operator and investment manager Pacific Urban Residential has acquired Bell at Salem Station, a 266-unit apartment community in Salem, MA.

HqO CEO Chase Garbarino Launches ‘Let’s Go Show’ Podcast

Leaders in Proptech Cover the Intersection of Commercial Real Estate and Technology

BOSTON, Jan. 05, 2021 (GLOBE NEWSWIRE) -- HqO, the tenant experience operating system for commercial office buildings, has officially announced the launch of a new podcast series: the ‘Let’s Go Show.

ARMOUR Residential REIT, Inc. Confirms January 2021 Dividend Rate Per Common Share and Q1 2021 Monthly Dividend Rate Per Series C Preferred Dividends

VERO BEACH, Florida, Jan. 04, 2021 (GLOBE NEWSWIRE) -- ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR-PRC) (“ARMOUR” or the “Company”) today confirmed the January 2021 cash dividend for the Company's Common Stock and the Q1 2021 monthly cash dividend rate for the Company's Series C Preferred Stock.

Retail Opportunity Investments Corp. Issues Inaugural Environmental, Social & Governance Report

SAN DIEGO, Jan. 04, 2021 (GLOBE NEWSWIRE) -- Retail Opportunity Investments Corp. (NASDAQ:ROIC) today announced that it has issued its inaugural Environmental, Social and Governance (ESG) Report, which outlines ROIC’s ESG strategy, achievements and targets for property and corporate strategic initiatives.