Real Estate News

GMD Development and WNC & Associates Close Deal to Begin Construction on Victory Northgate in Seattle

The new development will create 182 affordable housing unitsfor families at 50% to 60% of area median income

SEATTLE, May 15, 2024 (GLOBE NEWSWIRE) -- GMD Development, a private, mission-based developer/owner of affordable housing based in the Pacific Northwest, and WNC & Associates (WNC), a family-owned business known as both a pioneer and leader in the affordable housing industry, have closed a deal to begin construction on Victory Northgate, an all-new 6-story affordable housing development in north Seattle.

Travel + Leisure Chooses Piedmont’s 501 W. Church Building in Downtown Orlando for New Headquarters Location

Will Result in the Relocation of Approximately 900 Jobs to Downtown Orlando

Atlanta, May 14, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont") (NYSE:PDM), an owner of Class A office properties located primarily in the Sunbelt, and the largest owner of office properties in Orlando, announced today that Travel + Leisure Co (NYSE:TNL), the world’s leading membership and leisure travel company, has chosen Piedmont’s 501 W.

Whitestone REIT Announces Preliminary Results of 2024 Annual Meeting of Shareholders

HOUSTON, May 14, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) (“Whitestone” or the “Company”) today announced that, based on the preliminary vote count at the Company’s 2024 Annual Meeting of Shareholders (the “Annual Meeting”), subject to the final certification of the voting results by the inspector of election, all six Whitestone’s nominees have been re-elected to the Whitestone Board of Trustees (the “Board”).

Presidio Property Trust Reaches Agreement With Zuma Capital Management Appoints Elena Piliptchak to Board of Directors

SAN DIEGO, May 10, 2024 (GLOBE NEWSWIRE) -- Presidio Property Trust, Inc. (“Presidio” or the “Company”), an internally managed, diversified real estate investment trust (“REIT”), announced today that it has entered into a cooperation agreement with Zuma Capital Management, LLC (“Zuma”), Ouray Capital Management, LLC (“Ouray”), Reuben Berman, Stefani Carter, Vito Garfi, Brent Morrison, Elena Piliptchak, and certain affiliated and associated persons thereof (collectively, the “Zuma Investor Group”) that beneficially holds, in the aggregate, 1,103,655 shares, or approximately 7.6%, of Presidio’s outstanding common stock.

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