Residential Building & Real Estate

Trinity Place Holdings Refinances 77 Greenwich

Monday, October 25, 2021 - 1:30pm

We are nearing completion on this new trophy asset in Lower Manhattan and the building looks spectacular, said Matthew Messinger, President & CEO of Trinity Place Holdings Inc.

Key Points: 
  • We are nearing completion on this new trophy asset in Lower Manhattan and the building looks spectacular, said Matthew Messinger, President & CEO of Trinity Place Holdings Inc.
  • Trinity Place Holdings Inc. (NYSE American: TPHS)(the Company) is a real estate holding, investment, development and asset management company.
  • The Companys largest asset is currently a property located at 77 Greenwich Street in Lower Manhattan.
  • 77 Greenwich is under development as a mixed-use project consisting of a 90-unit residential condominium tower, retail space and a New York City elementary school.

Button Finance Raises $2 Million Seed Round

Monday, October 25, 2021 - 2:00pm

Button Finance, Inc. , a fintech mortgage lender focused on home equity, announced today that it has closed a $2 million seed raise.

Key Points: 
  • Button Finance, Inc. , a fintech mortgage lender focused on home equity, announced today that it has closed a $2 million seed raise.
  • The capital will allow Button Finance to hire talent and to develop its proprietary technology further.
  • Entities advised by Hildene Capital Management, LLC (Hildene), participated in the seed funding round.
  • "Demand was strong for the round, and we were oversubscribed and happy with our new partners," said Jason Harris, CEO of Button Finance.

Sterling Schedules 2021 Third Quarter Release and Conference Call

Monday, October 25, 2021 - 2:00pm

Sterling Construction Company, Inc. (NasdaqGS: STRL) (Sterling or the Company) today announced that it plans to issue its financial results for the third quarter of 2021 on Tuesday, November 2, 2021 after the stock market closes.

Key Points: 
  • Sterling Construction Company, Inc. (NasdaqGS: STRL) (Sterling or the Company) today announced that it plans to issue its financial results for the third quarter of 2021 on Tuesday, November 2, 2021 after the stock market closes.
  • Sterlings management will host a conference call on Wednesday, November 3, 2021, at 9:00 am ET/8:00 am CT to discuss the 2021 third quarter results, as well as the 2021 outlook.
  • Please call in ten minutes before the conference call is scheduled to begin and ask for the Sterling Construction call.
  • To coincide with the conference call, Sterling will post a slide presentation at www.strlco.com on the Investor Presentations & Webcast section of the Investor Relations tab.

TimberTech® Composite Decking Teams Up with Yardzen®

Monday, October 25, 2021 - 2:00pm

TimberTech brings the style and versatility of indoor wood-grain patterns outside, but gives people more time to enjoy their decks, not maintain them.

Key Points: 
  • TimberTech brings the style and versatility of indoor wood-grain patterns outside, but gives people more time to enjoy their decks, not maintain them.
  • The TimberTech Yardzen partnership will make the design experience not only easier, but highly inspirational.
  • In addition to TimberTech sustainable decking, railing and other exterior products such as cladding and trim, made by The AZEK Company, will also be available on the Yardzen platform.
  • Then, Yardzen matches clients with a vetted contractor who can bring their Yardzen design to life within the confines of the homeowner's budget.

Capital Senior Living Shareholders Approve Amended Investment Agreement with Conversant Capital

Friday, October 22, 2021 - 5:19pm

We are very pleased with the outcome of todays Special Meeting and want to thank our shareholders for their continued support, engagement and feedback throughout this process, said Capital Senior Living Chief Executive Officer and Director Kimberly S. Lody.

Key Points: 
  • We are very pleased with the outcome of todays Special Meeting and want to thank our shareholders for their continued support, engagement and feedback throughout this process, said Capital Senior Living Chief Executive Officer and Director Kimberly S. Lody.
  • We look forward to continued engagement with all of our shareholders and to working towards long-term financial success and delivering enhanced value.
  • Dallas-based Capital Senior Living Corporation is one of the nations leading operators of independent living, assisted living and memory care communities for senior adults.
  • Conversant Capital LLC is a private investment adviser founded in 2020.

Global Integrity Finance Celebrates New All-Time Monthly Sales Record

Friday, October 22, 2021 - 5:07pm

"Global Integrity Finance has focused on developing tools that will simplify the loan process for our brokers and investors.

Key Points: 
  • "Global Integrity Finance has focused on developing tools that will simplify the loan process for our brokers and investors.
  • It's now part of a Loan Origination Ecosystem, affecting loan pricing for Global Integrity Finance and its clients.
  • "Our exceptional brokers and borrowers who trust Global Integrity Finance to deliver on time are directly responsible for our record month.
  • They're the reason we do what we do," said Travis Sharpe, Global Integrity Finance COO.

Frontdoor Names Finance Executive Christopher Clipper to Board of Directors

Friday, October 22, 2021 - 1:30pm

(NASDAQ: FTDR), the nations leading provider of home service plans, announced today that it has expanded its board of directors to nine on October 21, 2021 and named Christopher Clipper to its board of directors effective immediately.

Key Points: 
  • (NASDAQ: FTDR), the nations leading provider of home service plans, announced today that it has expanded its board of directors to nine on October 21, 2021 and named Christopher Clipper to its board of directors effective immediately.
  • View the full release here: https://www.businesswire.com/news/home/20211022005105/en/
    Frontdoor names finance executive Christopher Clipper to its board of directors (Photo: Business Wire)
    Clipper currently serves as senior vice president and chief financial officer, innovation and go-to-market strategies, of Ralph Lauren Corporation (NYSE: RL), a global leader in the design, marketing and distribution of premium lifestyle products in five categories: apparel, footwear & accessories, home, fragrances, and hospitality.
  • Chris brings rich experience, insights and great financial depth to the Frontdoor board.
  • We are excited to welcome him, shared Bill Cobb, chairman of the board of directors for Frontdoor.

Frontdoor Names Banking Executive D. Steve Boland to Board of Directors

Friday, October 22, 2021 - 1:30pm

(NASDAQ: FTDR), the nations leading provider of home service plans, announced today that it has expanded its board of directors to nine on October 21, 2021 and named D. Steve Boland to its board of directors effective immediately.

Key Points: 
  • (NASDAQ: FTDR), the nations leading provider of home service plans, announced today that it has expanded its board of directors to nine on October 21, 2021 and named D. Steve Boland to its board of directors effective immediately.
  • We are thrilled to welcome Steve to the Frontdoor board.
  • He brings significant experience with customer-focused, digitally enabled businesses, as well as a deep understanding of strategic planning, public policy and sustainability, shared Bill Cobb, chairman of the board of directors for Frontdoor.
  • Rex Tibbens, chief executive officer of Frontdoor added, We are excited to welcome Steve to Frontdoor at such a pivotal point in our journey.

Australia Construction Industry Market Size & Forecast (2016 - 2025) by Value and Volume Across 40+ Market Segments: 2021 Update - ResearchAndMarkets.com

Friday, October 22, 2021 - 12:25pm

The "Australia Construction Industry Databook Series - Market Size & Forecast (2016 - 2025) by Value and Volume (area and units) across 40+ Market Segments in Residential, Commercial, Industrial, Institutional and Infrastructure Construction - Q1 2021 Update" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Australia Construction Industry Databook Series - Market Size & Forecast (2016 - 2025) by Value and Volume (area and units) across 40+ Market Segments in Residential, Commercial, Industrial, Institutional and Infrastructure Construction - Q1 2021 Update" report has been added to ResearchAndMarkets.com's offering.
  • In comparison to the rest of the Australian construction industry, residential construction has been more impacted due to coronavirus outbreak.
  • Even first home buyers are eligible for the grant, which is provided to support the growth of residential construction in Australia.
  • It provides a comprehensive understanding of construction industry sectors in both value and volume (both by activity and units) terms.

Forbright to Launch HUD Lending Platform for Nursing Homes, Assisted Living Facilities, and Multifamily Housing

Friday, October 22, 2021 - 1:00pm

Forbright Bank, recently rebranded from Congressional Bank, announced today its intent to launch a new business line aimed at facilitating federally-insured loans to finance nursing homes, assisted living facilities, and multifamily housing.

Key Points: 
  • Forbright Bank, recently rebranded from Congressional Bank, announced today its intent to launch a new business line aimed at facilitating federally-insured loans to finance nursing homes, assisted living facilities, and multifamily housing.
  • Jon Camps has been named the Managing Director of the Banks HUD Lending Platform and will oversee the new initiative.
  • The U.S. Department of Housing and Urban Development (HUD), via the Federal Housing Administration (FHA), provides mortgage insurance on real estate loans made by approved lenders for nursing homes and other care facilities, as well as affordable and market-rate multifamily housing.
  • Camps is working to build a best-in-class team of HUD lending experts with an initial focus on Section 232 healthcare and seniors housing lending, as well as multifamily loans.