Commercial Building & Real Estate

Granite REIT Declares Distribution for April 2021

Friday, April 16, 2021 - 10:00pm

b'Granite Real Estate Investment Trust (\xe2\x80\x9cGranite\xe2\x80\x9d) (TSX: GRT.UN / NYSE: GRP.U) announced today that its board of trustees has declared a distribution of CAD $0.250 per stapled unit for the month of April 2021.

Key Points: 
  • b'Granite Real Estate Investment Trust (\xe2\x80\x9cGranite\xe2\x80\x9d) (TSX: GRT.UN / NYSE: GRP.U) announced today that its board of trustees has declared a distribution of CAD $0.250 per stapled unit for the month of April 2021.
  • The distribution will be paid by Granite on May 14, 2021 to stapled unitholders of record at the close of trading on April 30, 2021.
  • The stapled units will begin trading on an ex-dividend basis at the opening of trading on Thursday, April 29, 2021 on the Toronto Stock Exchange and on the New York Stock Exchange.\nGranite confirms that no portion of the distribution constitutes effectively connected income for U.S. federal tax purposes.
  • For further information, please see our website at www.granitereit.com or contact Teresa Neto, Chief Financial Officer, at 647-925-7560 or Andrea Sanelli, Manager, Legal & Investor Services, at 647-925-7504.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210416005557/en/\n'

Lincoln Property Company Set to Break Ground on Premier Mixed-Use Development in Dallas’ Coveted Preston Center

Friday, April 16, 2021 - 9:10pm

\xe2\x80\x9cThis project will be a best-in-class development designed to bring a dynamic mixed-use offering to the area.

Key Points: 
  • \xe2\x80\x9cThis project will be a best-in-class development designed to bring a dynamic mixed-use offering to the area.
  • We are especially thankful to the City of Dallas and Preston Center Task force, whose feedback through the years made the project better.
  • The commercial division of Lincoln Property Company will lease nearly 59,000 square feet of space in the building.
  • Lincoln\xe2\x80\x99s cumulative development efforts have produced over 150 million square feet of commercial space and over 216,000 multifamily residential units.

Hileman Cowley Partners and LLJ Ventures Announce Sale of Comcast Esports Studio to Nuveen

Friday, April 16, 2021 - 9:10pm

b'Hileman Cowley Partners, a joint venture between Hileman Real Estate Companies and Cowley Real Estate Partners, and LLJ Ventures, the private equity arm of the LM Group, today announced the sale of Comcast Esports Studios (\xe2\x80\x9cThe Property\xe2\x80\x9d) to Nuveen.\nThis press release features multimedia.

Key Points: 
  • b'Hileman Cowley Partners, a joint venture between Hileman Real Estate Companies and Cowley Real Estate Partners, and LLJ Ventures, the private equity arm of the LM Group, today announced the sale of Comcast Esports Studios (\xe2\x80\x9cThe Property\xe2\x80\x9d) to Nuveen.\nThis press release features multimedia.
  • View the full release here: https://www.businesswire.com/news/home/20210416005538/en/\nLocated in the heart of the Burbank / Glendale Media Triangle, Comcast Esports Studios, now under construction, will be a state-of-the-art production, streaming, and broadcast facility.
  • The campus is 100% leased to Comcast Spectacor, part of the Comcast NBCUniversal family.
  • www.cowleyrep.com\nLLJ Ventures is the private equity arm of the LM Group, which was founded in 1983 in San Diego, CA.

The St. Joe Company Releases a Video Showing Progress on Projects Currently in Development or Under Construction

Friday, April 16, 2021 - 8:03pm

Joe\xe2\x80\x9d) today releases a video showing progress on projects in development or under construction.

Key Points: 
  • Joe\xe2\x80\x9d) today releases a video showing progress on projects in development or under construction.
  • The Company owns land in Northwest Florida and has significant residential and commercial land-use entitlements in hand or in process.
  • More information on the Company\xe2\x80\x99s current project pipeline can be found at www.joe.com/project-updates .\n\xc2\xa9The St Joe Company 2021.
  • Joe (and Taking Flight Design) \xc2\xae\xe2\x80\x9d are registered service marks of The St. Joe Company or its affiliates.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210416005522/en/\n'

Safehold Sets First Quarter 2021 Earnings Release Date and Webcast

Friday, April 16, 2021 - 9:30pm

b'Safehold Inc. (NYSE: SAFE) is revolutionizing real estate ownership by providing a new and better way for owners to unlock the value of the land beneath their buildings.

Key Points: 
  • b'Safehold Inc. (NYSE: SAFE) is revolutionizing real estate ownership by providing a new and better way for owners to unlock the value of the land beneath their buildings.
  • Having created the modern ground lease industry in 2017, Safehold continues to help owners of high quality multifamily, office, industrial, hospitality and mixed-use properties generate higher returns with less risk.
  • The Company, which is taxed as a real estate investment trust (REIT) and is managed by its largest shareholder, iStar Inc., seeks to deliver safe, growing income and long-term capital appreciation to its shareholders.
  • Additional information on Safehold is available on its website at www.safeholdinc.com .\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210416005507/en/\n'

BGI Inc. Retains PJ Solomon in Connection With Exploration of Strategic Alternatives

Friday, April 16, 2021 - 9:15pm

The Company cautions that trading in its securities is highly speculative and poses substantial risks.\nThis release contains statements that are \xe2\x80\x9cforward-looking statements\xe2\x80\x9d.

Key Points: 
  • The Company cautions that trading in its securities is highly speculative and poses substantial risks.\nThis release contains statements that are \xe2\x80\x9cforward-looking statements\xe2\x80\x9d.
  • Forward-looking statements are based on BGI\xe2\x80\x99s beliefs, assumptions and expectations of its future performance and actions, taking into account all information currently available to BGI.
  • If a change occurs, BGI\xe2\x80\x99s plans, business, financial condition, and liquidity may vary materially from those expressed in its forward-looking statements.
  • BGI undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210416005488/en/\n'

Construction Starts Increase in March, but Rising Material Prices Could Hamper Recovery

Friday, April 16, 2021 - 1:35pm

b'Total construction starts rose 2% in March to a seasonally adjusted annual rate of $825.3 billion, according to Dodge Data & Analytics .

Key Points: 
  • b'Total construction starts rose 2% in March to a seasonally adjusted annual rate of $825.3 billion, according to Dodge Data & Analytics .
  • A solid gain in nonresidential building starts fueled the March gain, while growth in residential starts was minuscule and nonbuilding starts fell outright.
  • View the full release here: https://www.businesswire.com/news/home/20210416005104/en/\n\xe2\x80\x9cThe March increase in construction starts is certainly welcome news following the past three months of decline,\xe2\x80\x9d said Richard Branch, Chief Economist for Dodge Data & Analytics.
  • Highway and bridge starts were 3% higher on a 12-month rolling sum basis, while environmental public works were up 8%.

iSun, Inc. Announces Completion of Redemption of Public Warrants

Friday, April 16, 2021 - 1:30pm

b'iSun, Inc. (NASDAQ: ISUN) (\xe2\x80\x9ciSun\xe2\x80\x9d or the \xe2\x80\x9cCompany\xe2\x80\x9d), a leading solar energy and clean mobility infrastructure company with 50 years of construction experience in solar, electrical and data services, today announced the completion of the redemption of all of its outstanding public warrants (the \xe2\x80\x9cPublic Warrants\xe2\x80\x9d).

Key Points: 
  • b'iSun, Inc. (NASDAQ: ISUN) (\xe2\x80\x9ciSun\xe2\x80\x9d or the \xe2\x80\x9cCompany\xe2\x80\x9d), a leading solar energy and clean mobility infrastructure company with 50 years of construction experience in solar, electrical and data services, today announced the completion of the redemption of all of its outstanding public warrants (the \xe2\x80\x9cPublic Warrants\xe2\x80\x9d).
  • This includes 1,042,116 warrants that were excised since the Company\xe2\x80\x99s redemption notice on March 9, 2021.
  • As of this date, no Public Warrants remain outstanding.\nHeadquartered in Williston, VT, iSun, Inc. (NASDAQ: ISUN) is a business rooted in values that align people, purpose, innovation, and sustainability.
  • Actual results may differ materially from the anticipated results discussed in these forward-looking statements because of possible uncertainties.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210416005081/en/\n'

Broadmark Realty Capital Declares Monthly Dividend for April 2021

Friday, April 16, 2021 - 12:00pm

b'Broadmark Realty Capital Inc. (NYSE: BRMK) (the \xe2\x80\x9cCompany\xe2\x80\x9d), an internally managed secured real estate finance company, today announced that its board of directors has declared a cash dividend of $0.07 per share of common stock for April 2021.

Key Points: 
  • b'Broadmark Realty Capital Inc. (NYSE: BRMK) (the \xe2\x80\x9cCompany\xe2\x80\x9d), an internally managed secured real estate finance company, today announced that its board of directors has declared a cash dividend of $0.07 per share of common stock for April 2021.
  • The dividend will be payable on May 14, 2021 to stockholders of record as of April 30, 2021.\nCertain statements made herein are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995.
  • These statements are based on the current expectations and are not predictions of actual performance.
  • Broadmark Realty Capital manages and services its loan portfolio across a variety of market conditions and economic cycles.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210416005077/en/\n'

Energy Focus Partners with Batteries Plus Bulbs for National Retail Distribution

Friday, April 16, 2021 - 1:00pm

b'Energy Focus, Inc. (NASDAQ:EFOI), a leader in sustainable and human-centric lighting (\xe2\x80\x9cHCL\xe2\x80\x9d), LED and control technologies, has partnered with Batteries Plus Bulbs to offer Energy Focus\xe2\x80\x99 products for distribution to the franchise\xe2\x80\x99s 700-plus stores across the U.S.

Key Points: 
  • b'Energy Focus, Inc. (NASDAQ:EFOI), a leader in sustainable and human-centric lighting (\xe2\x80\x9cHCL\xe2\x80\x9d), LED and control technologies, has partnered with Batteries Plus Bulbs to offer Energy Focus\xe2\x80\x99 products for distribution to the franchise\xe2\x80\x99s 700-plus stores across the U.S.
  • All three product lines deliver unique value propositions with superior lighting, proven quality, optimal energy efficiency, environmental sustainability and human health driven by state-of-the-art technologies.\n\xe2\x80\x9cWe are honored to be the first national retailer to offer Energy Focus\xe2\x80\x99 high-quality, cutting-edge LED lighting products,\xe2\x80\x9d said Shawn Budiac, Vice President-Category Management for Batteries Plus Bulbs.
  • With Batteries Plus Bulbs\xe2\x80\x99 nationwide coverage, many more lighting contractors and end users will get to know and purchase our durable, reliable and innovative products.
  • Batteries Plus Bulbs is owned by Freeman Spogli, a private equity firm based in Los Angeles and New York City.