Other Construction & Property

AHF Welcomes Biden’s Proposed 15% HUD Budget Increase

Saturday, April 10, 2021 - 5:14pm

President Bidens budget proposal for HUD is great news and could not have come a moment too soon, said Michael Weinstein, president of AHF.

Key Points: 
  • President Bidens budget proposal for HUD is great news and could not have come a moment too soon, said Michael Weinstein, president of AHF.
  • Even before the pandemic, many millions of Americans were struggling with housing affordability while homelessness was continuing to spiral out of control.
  • The times require real action and President Bidens HUD budget delivers it.
  • Politico also reported the Biden budget blueprint would boost funding by nearly 10 percent, to $3.8 billion, for the Community Development Block Grant program.

Condor Hospitality Trust Going Concern Press Release

Friday, April 9, 2021 - 11:05pm

Matters relating to this item are set forth in the Form 10-K, where the Company expresses its views with respect to third party actions related to a specific loan, the underlying reason for the going concern paragraph.

Key Points: 
  • Matters relating to this item are set forth in the Form 10-K, where the Company expresses its views with respect to third party actions related to a specific loan, the underlying reason for the going concern paragraph.
  • Condor Hospitality Trust, Inc. (NYSE American: CDOR) is a self-administered real estate investment trust that specializes in the investment and ownership of upper midscale and upscale, premium-branded, select-service, extended-stay, and limited-service hotels in the top 100 Metropolitan Statistical Areas (MSAs) with a particular focus on the top 20 to 60 MSAs.
  • This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.
  • Condor expressly disclaims a duty to provide updates to forward-looking statements, whether as a result of new information, future events or other occurrences.

PS Business Parks, Inc. to Release First Quarter 2021 Earnings and Host Quarterly Conference Call

Friday, April 9, 2021 - 10:02pm

PS Business Parks, Inc. (NYSE:PSB) announced today that it intends to release its first quarter 2021 earnings after the close of business on Tuesday, April 27, 2021.

Key Points: 
  • PS Business Parks, Inc. (NYSE:PSB) announced today that it intends to release its first quarter 2021 earnings after the close of business on Tuesday, April 27, 2021.
  • A conference call is scheduled for Wednesday, April 28, 2021, at 10:00 a.m. PDT (1:00 p.m. EDT) to discuss first quarter results.
  • A replay of the conference call will be available through May 12, 2021 at 800-839-5146, as well as via webcast on the Companys website.
  • Additional information about PS Business Parks, Inc. is available on the Companys website which can be found at psbusinessparks.com.

The St. Joe Company Releases Its 2020 Letter to Shareholders and Annual Report on the Company’s Website

Friday, April 9, 2021 - 9:11pm

The St. Joe Company, together with its consolidated subsidiaries, is a real estate development, asset management and operating company.

Key Points: 
  • The St. Joe Company, together with its consolidated subsidiaries, is a real estate development, asset management and operating company.
  • The Company owns land in Northwest Florida and has significant residential and commercial land-use entitlements in hand or in process.
  • The St Joe Company 2021.
  • St. Joe, JOE, the Taking Flight Design, St. Joe (and Taking Flight Design) are registered service marks of The St. Joe Company or its affiliates.

McGrath RentCorp Acquires Modular Kitchen Rental Company

Friday, April 9, 2021 - 9:01pm

The purchase will allow the Mobile Modular division of McGrath RentCorp to provide temporary and customized permanent foodservice facilities on a national level.

Key Points: 
  • The purchase will allow the Mobile Modular division of McGrath RentCorp to provide temporary and customized permanent foodservice facilities on a national level.
  • Our acquisition of Kitchens To Go is highly complementary to our modular building rental business, said Joe Hanna President and CEO of McGrath RentCorp.
  • Founded in 1979, McGrath RentCorp (Nasdaq: MGRC) is a diversified business-to-business rental company providing modular buildings, electronic test equipment, portable storage and tank containment solutions across the United States and other select North American regions.
  • For more information on McGrath RentCorp and its operating units, please visit our websites:

Arcosa, Inc. Announces Completion of StonePoint Materials Acquisition and Issuance of $400 Million of Senior Notes

Friday, April 9, 2021 - 9:15pm

Approximately 80% of StonePoints EBITDA is generated from aggregates, while the remaining 20% is earned from asphalt and other services.

Key Points: 
  • Approximately 80% of StonePoints EBITDA is generated from aggregates, while the remaining 20% is earned from asphalt and other services.
  • StonePoint is expected to earn at least $30 million of Adjusted EBITDA in Full Year 2021.
  • The acquisition was funded with proceeds from the previously announced private offering of $400 million of 4.375% senior unsecured notes that closed on April 6, 2021.
  • Carrillo continued, We are also pleased to execute our inaugural debt issuance of $400 million in senior notes.

Equity Commonwealth Declares Series D Preferred Dividend

Friday, April 9, 2021 - 9:10pm

Equity Commonwealth (NYSE: EQC) announced today that its Board of Trustees declared a dividend on the companys Series D Preferred Shares.

Key Points: 
  • Equity Commonwealth (NYSE: EQC) announced today that its Board of Trustees declared a dividend on the companys Series D Preferred Shares.
  • A quarterly dividend of $0.40625 per Series D Preferred Share will be paid on May 17, 2021 to shareholders of record on April 29, 2021 for the period from February 15, 2021 through May 14, 2021.
  • Equity Commonwealth (NYSE: EQC) is a Chicago based, internally managed and self-advised real estate investment trust (REIT) with commercial office properties in the United States.
  • Equity Commonwealth assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.

Camden Property Trust Announces First Quarter 2021 Earnings Release and Conference Call Dates

Friday, April 9, 2021 - 9:15pm

Camden Property Trust (NYSE:CPT) (the Company) announced today that its first quarter 2021 earnings will be released after the market closes on Thursday, April 29, 2021.

Key Points: 
  • Camden Property Trust (NYSE:CPT) (the Company) announced today that its first quarter 2021 earnings will be released after the market closes on Thursday, April 29, 2021.
  • Management will host a conference call on the following day, Friday, April 30, 2021 at 10:00 AM Central Time.
  • The complete earnings release and supplemental data will be available in the Investors section of the website.
  • Camden Property Trust, an S&P 400 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities.

Middle East and Africa (MEA) Railway Construction Projects Report 2021: Track a Total of $524.0 Billion in Projects, from the Announced to Execution Stages - ResearchAndMarkets.com

Friday, April 9, 2021 - 2:57pm

The "Railway Construction Projects in Middle East and Africa (MEA), 2021 Update" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Railway Construction Projects in Middle East and Africa (MEA), 2021 Update" report has been added to ResearchAndMarkets.com's offering.
  • The report is tracking railway construction projects in the MEA region with a total value of US$524.0 billion, which includes projects from the announced to execution stages.
  • Underlying support for investment in railways in the Middle East and Africa (MEA) continues to be driven by demands stemming from rising populations, economic growth and an increase in interstate trade.
  • The report provides analysis based on the publisher's construction projects showing total project values and analysis by stage and funding.

The Americas Railway Construction Projects Report 2021: Track 309 Projects Worth a Total $790.1 Billion - ResearchAndMarkets.com

Friday, April 9, 2021 - 2:44pm

The "Railway Construction Projects in The Americas, 2021 Update" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Railway Construction Projects in The Americas, 2021 Update" report has been added to ResearchAndMarkets.com's offering.
  • The publisher is currently tracking 309 railway construction projects in the Americas with a total value of US$790.1 billion, which includes projects from the announcement to execution stages.
  • North Americas accounts for the US$546.6 billion or 69% of the total pipeline value for the region.
  • The report provides analysis based on the publisher's construction projects showing total project values and analysis by stage and funding.