Residential Building & Real Estate

Advanced Drainage Systems Announces Quarterly Cash Dividend

Thursday, May 21, 2020 - 11:45am

Advanced Drainage Systems, Inc. (NYSE: WMS) (ADS or the Company), a leading global manufacturer of water management products and solutions for commercial, residential, infrastructure and agricultural applications, today announced that its Board of Directors has approved a quarterly cash dividend to its shareholders in the amount of $0.09 per share.

Key Points: 
  • Advanced Drainage Systems, Inc. (NYSE: WMS) (ADS or the Company), a leading global manufacturer of water management products and solutions for commercial, residential, infrastructure and agricultural applications, today announced that its Board of Directors has approved a quarterly cash dividend to its shareholders in the amount of $0.09 per share.
  • Scott Barbour, President and Chief Executive Officer of Advanced Drainage Systems commented, Todays dividend demonstrates our commitment to returning capital to shareholders, as well as our confidence in the strength of our balance sheet to be able to return this cash to shareholders while also continuing to invest in our business and manage the debt levels of the Company.
  • The quarterly cash dividend of $0.09 per share will be paid on June 15, 2020 to shareholders of record at the close of business on June 1, 2020.
  • Advanced Drainage Systems is a leading provider of innovative water management solutions in the stormwater and on-site septic wastewater industries, providing superior drainage solutions for use in the construction and agriculture marketplace.

Research Report With COVID-19 Forecasts-Global Dry Construction Market 2020-2024 | Rise in Construction Activities to Boost Market Growth | Technavio

Thursday, May 21, 2020 - 9:30am
Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20200521005274/en/
    Technavio has announced the latest market research report titled Global Dry Construction Market 2020-2024 (Graphic: Business Wire)
    The rise in global building construction and infrastructure activities is the most significant factor that will drive the growth of the global dry construction market.
  • The number of new constructions in several developed and emerging countries are on the rise after the prolonged depression in the construction market.
  • This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.
  • This market research report segments the dry construction market by end-user (residential buildings and commercial buildings) and geography (North America, Europe, APAC, MEA, and South America).

CoStar Group, Inc. Announces Upsize and Pricing of Common Stock Offering

Thursday, May 21, 2020 - 2:18am

CoStar Group, Inc. (Nasdaq: CSGP) (CoStar) announced today that it has upsized and priced its offering of 2,290,076 shares of its common stock at a price of $655.00 and granted the underwriters in the offering a 30-day option to purchase up to an additional 343,511 shares of its common stock at the same price.

Key Points: 
  • CoStar Group, Inc. (Nasdaq: CSGP) (CoStar) announced today that it has upsized and priced its offering of 2,290,076 shares of its common stock at a price of $655.00 and granted the underwriters in the offering a 30-day option to purchase up to an additional 343,511 shares of its common stock at the same price.
  • The offering was upsized from the previously announced aggregate offering price of $1.25 billion to an aggregate offering price of $1.5 billion.
  • Goldman Sachs & Co. LLC, J.P. Morgan, BofA Securities and Citigroup are acting as joint book-running managers for the offering.
  • CoStar assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Kimco Realty Announces Partial Monetization of its Investment in Albertsons Companies, Inc.

Wednesday, May 20, 2020 - 9:34pm

Kimco expects to recognize a gain which will be determined upon closing of this transaction.

Key Points: 
  • Kimco expects to recognize a gain which will be determined upon closing of this transaction.
  • Our shareholders continue to benefit from the companys Albertsons investment, especially at a time when liquidity remains paramount, stated Conor Flynn, Kimcos Chief Executive Officer.
  • Our Albertsons investment continues to be the hallmark of Kimcos Plus business, which has a long and successful history of investing in real estate rich retailers and other companies.
  • In 2006, a Cerberus-led investment group acquired 661 non-core Albertsons stores from Albertsons, Inc. Kimco invested approximately $51 million.

Operation FINALLY HOME and National Seating & Mobility Team to Support Veteran

Wednesday, May 20, 2020 - 9:30pm

Operation FINALLY HOME and National Seating & Mobility (NSM) teamed to provide a new wheelchair ramp for U.S. Marine veteran Ray Marin at his home in Austin, Texas.

Key Points: 
  • Operation FINALLY HOME and National Seating & Mobility (NSM) teamed to provide a new wheelchair ramp for U.S. Marine veteran Ray Marin at his home in Austin, Texas.
  • Following open heart surgery, a stroke and a battle with cancer, Operation FINALLY HOME provided home modifications to support his needs.
  • About National Seating & Mobility | National Seating & Mobility is North Americas premier provider of customized mobility, home and vehicle accessibility, and full-service equipment maintenance and repair solutions supporting independence for individuals with mobility challenges.
  • National Seating & Mobility is the only national mobility solutions provider accredited by The Joint Commission for demonstrating quality and safe care.

The St. Joe Company Announces the Commencement of Development of 80 Homesites in the Breakfast Point Community in Panama City Beach, Florida

Wednesday, May 20, 2020 - 9:06pm

The St. Joe Company (NYSE: JOE) (St. Joe) today announced the commencement of development of 80 homesites in the Breakfast Point community in Panama City Beach, Florida.

Key Points: 
  • The St. Joe Company (NYSE: JOE) (St. Joe) today announced the commencement of development of 80 homesites in the Breakfast Point community in Panama City Beach, Florida.
  • View the full release here: https://www.businesswire.com/news/home/20200520005823/en/
    The Breakfast Point community is centrally located in Panama City Beach in close proximity to shopping, the areas white-sand beaches and local schools including Breakfast Point Academy which is located within the community.
  • As the full-time resident population of Panama City Beach has grown in recent years, the Breakfast Point community has experienced tremendous demand for new homes.
  • St. Joe, JOE, Breakfast Point, the Taking Flight Design, and St. Joe (and Taking Flight Design) are registered service marks of The St. Joe Company or its affiliates.

Target Hospitality Announces New Appointment to Board of Directors

Wednesday, May 20, 2020 - 9:15pm

Target Hospitality Corp. (Target Hospitality, Target or the Company) (NASDAQ: TH), the largest provider of vertically-integrated specialty hospitality accommodations with premium catering and value-added hospitality services in the U.S., today announced that Joy Berry has been appointed to its board of directors as a Class III director effective May 20, 2020.

Key Points: 
  • Target Hospitality Corp. (Target Hospitality, Target or the Company) (NASDAQ: TH), the largest provider of vertically-integrated specialty hospitality accommodations with premium catering and value-added hospitality services in the U.S., today announced that Joy Berry has been appointed to its board of directors as a Class III director effective May 20, 2020.
  • We are pleased to welcome Joy as a new independent director to the Target Hospitality board.
  • Ms. Berry joins the Target board of directors with over 35 years of real estate and hospitality experience.
  • I am excited to join the Target Hospitality board of directors and put my experience to work for the growth of the company.

Jonathan D. Green Concludes his Service as a Member of the Board of Annaly Capital Management, Inc.

Wednesday, May 20, 2020 - 9:15pm

Mr. Green joined the Board prior to the Companys initial public offering in 1997.

Key Points: 
  • Mr. Green joined the Board prior to the Companys initial public offering in 1997.
  • Following the Annual Meeting, Annalys Board is comprised of 11 directors, 45% of whom are women.
  • Additionally, 55% of directors have a tenure of less than 5 years with an average director tenure of 7.1 years.
  • Until the closing of its announced internalization transaction, Annaly is externally managed by Annaly Management Company LLC.

UNANIMOUS: All Elected Rent Board Members Across California Endorse Rental Affordability Act

Wednesday, May 20, 2020 - 7:28pm

Housing justice advocates and backers of the Rental Affordability Act (RAA), a November 2020 state ballot initiative that will allow for expansion of rent control throughout California, are proud to announce that the ballot measure has received the support of every elected rent control board member in California.

Key Points: 
  • Housing justice advocates and backers of the Rental Affordability Act (RAA), a November 2020 state ballot initiative that will allow for expansion of rent control throughout California, are proud to announce that the ballot measure has received the support of every elected rent control board member in California.
  • Rent control boards monitor rent protection laws in many cities in California.
  • The endorsement from the elected rent board members is a sign of confidence that the RAA will help renters across California and complement existing renter legislation, such as the California Tenant Protection Act of 2019 (known as AB 1482) which is designed to prevent the most egregious rent hikes across California.
  • The RAA has now been endorsed by the following elected rent board members:
    The Costa Hawkins Act has been strangling our communities for far too long.