Commercial Building & Real Estate

Kilroy Realty Announces Dates for First Quarter 2020 Earnings Release and Conference Call

Monday, April 6, 2020 - 10:40pm

Kilroy Realty Corporation (NYSE: KRC) announced it will release first quarter 2020 financial results after the market closes on Wednesday, April 29, 2020.

Key Points: 
  • Kilroy Realty Corporation (NYSE: KRC) announced it will release first quarter 2020 financial results after the market closes on Wednesday, April 29, 2020.
  • The company will hold a conference call to discuss the results at 10:00 a.m. PT / 1:00 p.m.
  • In order to bypass speaking to the operator on the day of the call, please pre-register anytime at http://dpregister.com/10136122 .
  • Kilroy Realty Corporation (KRC), a publicly traded real estate investment trust and member of the S&P MidCap 400 Index, is one of the West Coasts premier landlords.

Kilroy Realty Corporation Wins 2020 ENERGY STAR Partner of the Year Sustained Excellence Award

Monday, April 6, 2020 - 10:37pm

EPAs annual ENERGY STAR Awards honor organizations that have made outstanding contributions to protecting the environment through superior energy efficiency.

Key Points: 
  • EPAs annual ENERGY STAR Awards honor organizations that have made outstanding contributions to protecting the environment through superior energy efficiency.
  • The highest honor among ENERGY STAR awards is the ENERGY STAR Partner of the YearSustained Excellence Award.
  • We are honored to receive the ENERGY STAR Partner of the Year Sustained Excellence award for the fifth time, said Heidi Roth, chief administrative officer at KRC.
  • Other sustainability accolades include NAREITs Leader in the Light award for the past six years and the EPAs highest honor of ENERGY STAR Partner of the Year Sustained Excellence award for the past five years.

TPG RE Finance Trust, Inc. Provides Update

Monday, April 6, 2020 - 9:43pm

On April 2, 2020, TPG RE Finance Trust, Inc. (NYSE: TRTX) (TRTX or the Company) sold CRE debt securities with an aggregate face amount of approximately $572 million (the Transaction).

Key Points: 
  • On April 2, 2020, TPG RE Finance Trust, Inc. (NYSE: TRTX) (TRTX or the Company) sold CRE debt securities with an aggregate face amount of approximately $572 million (the Transaction).
  • The Company is externally managed by TPG RE Finance Trust Management, L.P., a part of TPG Real Estate, which is the real estate investment platform of TPG.
  • TPG is a global alternative asset firm with a 25-year history and more than $119 billion of assets under management.
  • The Company does not undertake any obligation to update any forward-looking statements contained in this press release as a result of new information, future events or otherwise.

Chimera Investment Corporation Announces Public Offering of Convertible Senior Notes

Monday, April 6, 2020 - 9:33pm

Chimera Investment Corporation (NYSE: CIM) (the Company) today announced that it has commenced an underwritten public offering of $250.0 million aggregate principal amount of convertible senior notes due 2023 (the Notes), subject to market and other conditions.

Key Points: 
  • Chimera Investment Corporation (NYSE: CIM) (the Company) today announced that it has commenced an underwritten public offering of $250.0 million aggregate principal amount of convertible senior notes due 2023 (the Notes), subject to market and other conditions.
  • The Notes will be senior unsecured obligations of the Company.
  • If the underwriter exercises its over-allotment option, the Company expects to enter into additional capped call transactions with the option counterparties.
  • These forward-looking statements include, but are not limited to, statements regarding the Companys offering of Notes and the use of proceeds from the offering.

Sterling Awarded a $26.4 Million Project in Utah by the Woodbury Corporation

Monday, April 6, 2020 - 9:05pm

Sterling Construction Company, Inc. (NasdaqGS: STRL) (Sterling or the Company) today announced that its subsidiary, Ralph L Wadsworth Construction, LLC (RLW) was selected by the Woodbury Corporation for a Utah structural project totaling $26.4 million.

Key Points: 
  • Sterling Construction Company, Inc. (NasdaqGS: STRL) (Sterling or the Company) today announced that its subsidiary, Ralph L Wadsworth Construction, LLC (RLW) was selected by the Woodbury Corporation for a Utah structural project totaling $26.4 million.
  • The $26.4 million project is part of a $500 million revitalization effort of University Place, a 120-acre multi-use development project located in Orem, Utah.
  • Construction is scheduled to begin this Spring and is expected to be completed in the Fall of 2021.
  • Joe Cutillo, Sterlings CEO, commented, We are pleased to begin work with the Woodbury Corporation, one of the premier retail developers in the United States and the local community.

Franklin Street Properties Corp. Announces First Lease at its Forest Park Redevelopment Property in Charlotte, North Carolina

Monday, April 6, 2020 - 8:51pm

Franklin Street Properties Corp. (FSP, our or we) (NYSE American: FSP), a real estate investment trust (REIT), announced today that it executed the first lease agreement at its Forest Park redevelopment property in Charlotte, North Carolina.

Key Points: 
  • Franklin Street Properties Corp. (FSP, our or we) (NYSE American: FSP), a real estate investment trust (REIT), announced today that it executed the first lease agreement at its Forest Park redevelopment property in Charlotte, North Carolina.
  • Willis Towers Watson will occupy approximately 22,000 square feet at Forest Park, representing approximately 35% of the redevelopment propertys total rentable square footage.
  • George J. Carter, Chairman and Chief Executive Officer of Franklin Street Properties Corp., said, We welcome Willis Towers Watson to our Forest Park property and look forward to building a long-lasting relationship.
  • About Franklin Street Properties Corp.
    Franklin Street Properties Corp., based in Wakefield, Massachusetts, is focused on infill and central business district (CBD) office properties in the U.S. Sunbelt and Mountain West, as well as select opportunistic markets.

Columbia Property Trust to Release First Quarter 2020 Results on April 30

Monday, April 6, 2020 - 6:00pm

Columbia Property Trust, Inc. (NYSE: CXP) plans to release its results for the period ending March 31, 2020, after the market closes on Thursday, April 30, 2020.

Key Points: 
  • Columbia Property Trust, Inc. (NYSE: CXP) plans to release its results for the period ending March 31, 2020, after the market closes on Thursday, April 30, 2020.
  • The audio will also be available by telephone through May 7, 2020, by dialing (416) 621-4642 (Conference ID: 3533719).
  • Columbia Property Trust (NYSE: CXP) creates value through owning, operating and developing Class-A office buildings in New York, San Francisco, Washington D.C., and Boston.
  • The Columbia team is deeply experienced in transactions, asset management and repositioning, leasing, development, and property management.

 The Institute for Justice Clinic on Entrepreneurship, the University of Chicago and Washington Prime Group Announce the Open for Small Business Initiative

Monday, April 6, 2020 - 4:21pm

Washington Prime Group Inc. (NYSE: WPG) today announced that the Company has partnered with the Institute for Justice Clinic on Entrepreneurship and members of the University of Chicago faculty to launch the Open for Small Business initiative.

Key Points: 
  • Washington Prime Group Inc. (NYSE: WPG) today announced that the Company has partnered with the Institute for Justice Clinic on Entrepreneurship and members of the University of Chicago faculty to launch the Open for Small Business initiative.
  • Open for Small Business is also hosting educational webinars about how to access US Small Business Administration (SBA) guaranteed loans as well as public and nonprofit agency programs.
  • Washington Prime Group held its first webinar this past week and over 300 small business owners participated.
  • These resources are being made available to all small businesses whether or not they are a Washington Prime Group tenant simply because its the right thing to do.

Outlook on the Construction Industry in Oman (2015 to 2024) - Identify Growth Segments and Target Specific Opportunities - ResearchAndMarkets.com

Monday, April 6, 2020 - 4:17pm

This report provides data and trend analyses on building construction industry in Oman, with over 80 KPIs.

Key Points: 
  • This report provides data and trend analyses on building construction industry in Oman, with over 80 KPIs.
  • In-depth Understanding of Construction Market Dynamics: Understand market opportunity, industry dynamics, key trends and drivers across 40+ market segments and sub-segments of building and infrastructure construction industry in Oman.
  • Develop Market Specific Strategies: Identify growth segments and target specific opportunities to formulate your strategy; assess market specific key trends, drivers and risks in construction industry.
  • 3.1 Residential Building Construction Market Size by Value, 2015 - 2024
    3.2 Residential Building Construction Market Size by Volume, 2015 - 2024
    3.3 Residential Building Average Construction Value, 2015 - 2024
    3.4 Residential Construction Analysis and Growth Dynamics by Number of Units, 2015 - 2024
    4.2 Multi Family Residential Building Construction Market Size by Value, 2015 - 2024
    4.3 Multi Family Residential Building Construction Market Size by Volume, 2015 - 2024
    4.4 Multi Family Residential Building Average Construction Value, 2015 - 2024
    4.5 Multi Family Construction Analysis and Growth Dynamics by Number of Units, 2015 - 2024
    4.6 Single Family Residential Building Construction Market Size by Value, 2015 - 2024
    4.7 Single Family Residential Building Construction Market Size by Volume, 2015 - 2024
    4.8 Single Family Residential Building Average Construction Value, 2015 - 2024
    4.9 Single Family Construction Analysis and Growth Dynamics by Number of Units, 2015 - 2024
    View source version on businesswire.com: https://www.businesswire.com/news/home/20200406005580/en/

KBRA Europe Releases Research – Coronavirus (COVID-19): UK Building Societies Remain Resilient

Monday, April 6, 2020 - 2:47pm

Kroll Bond Rating Agency Europe Limited (KBRA) releases a report on the UK building society sector amid the current market turmoil.

Key Points: 
  • Kroll Bond Rating Agency Europe Limited (KBRA) releases a report on the UK building society sector amid the current market turmoil.
  • KBRA believes the overall creditworthiness of the UK building society sector remains resilient despite uncertainties around the coronavirus (COVID-19) pandemics impact on the UK economy and the ongoing Brexit-related economic vulnerabilities.
  • Smaller societies may be more vulnerable due to their generally higher risk appetite for niche mortgage lending.
  • Profitability of building societies has been hit by an escalating price war in the mortgage market but remains adequate on a risk-adjusted basis.