Real Estate

US Imposes New Sanctions on China Actors

U.S. Imposes New Sanctions on People’s Republic of China Actors Linked to Malign Activities (STL.News) The Chinese Communist Party’s malign activity at home and abroad harms U.S. interests and undermines the sovereignty of our allies and partners.  The United States will use all countermeasures available, including actions to prevent People’s Republic of China (PRC) companies and institutions from exploiting U.S. goods and technologies for malign purposes.  Today’s actions mark yet another sign of our resolve. The United States is imposing new restrictions on certain entities for activities that undermine our national security and foreign policy interests.  Specifically, the Department of Commerce is adding 59 PRC entities to its export-control Entity List. Mass Surveillance, Mili...

Read More
Real Estate

Millennials Have More in Common with Their Parents than You Think When it Comes to Home

MADISON, N.J. (STL.News) – Coldwell Banker Real Estate LLC, a Realogy (NYSE: RLGY) brand, today announces its spring campaign, “Guiding You Home.” The campaign includes a new national ad premiering next week during the NCAA Men’s College Basketball Tournament and a comprehensive consumer survey answering the most pressing questions in real estate. The new “Guiding You Home” ad shows people from all generations celebrating the joy of returning home. To understand what different generations want in a home, Coldwell Banker commissioned the “Guiding You Home” survey, conducted online by The Harris Poll in February among over 2,000 U.S. adults. The findings reveal that millennials have much in common with previous generations. Desire, love and affection for a place to call home is universal...

Read More
Real Estate

Wood Partners Announces Grand Opening of Lake House by Alta in Orlando

ORLANDO, Fla. (STL.News) – Wood Partners, a national leader in multi-family real estate development and acquisition, announced today the grand opening of its newest luxury residential community – Lake House by Alta – in Orlando, Florida. Located in the affluent Doctor Phillips neighborhood, Lake House by Alta features 299 luxurious lakefront apartment homes, a majority of which offer direct views of beautiful Spring Lake. The upscale community is situated at the intersection of Turkey Lake Road and W. Sand Lake Road, better known as “Restaurant Row,” just steps away from many of Orlando’s premier dining, shopping and entertainment venues. “With its irreplaceable lakefront location, convenience to ‘Restaurant Row’ and first-rate amenities and unit finishes, Lake House by Alta is poised ...

Read More
Real Estate

Delta Media Launches Newest All-in-One Broker Platform at Leading RE Conference

CANTON, Ohio (STL.News) – Delta Media Group, Inc., one of America’s most established and largest broker technology solutions providers, heads to the Leading Real Estate Companies of The World Annual Conference this week to announce the launch of DeltaNET 6, their newest generation of cutting-edge broker websites, broker back-office productivity suite, and agent and team solutions. “DeltaNET 6 is the ultimate all-in-one website and digital marketing platform designed by real estate experts for real estate professionals,” says Michael Minard, CEO and owner of Delta Media. “This major advancement represents over 40,000 development hours and an investment of more than $30 million. DeltaNET 6 delivers advanced technology to our brokerage clients, as our new center of excellence drives succe...

Read More
Real Estate

Construction Begins on New Experience Senior Living Development and Civitas Senior Living Community in North Port, Florida

FORT WORTH, Texas (STL.News) – Construction has begun on Civitas Senior Living and Experience Senior Living Development’s latest collaboration and joint project, The Gallery at North Port. The new senior living community is being built at 1322 N Main St. in North Port, Florida. “This is our fourth collaboration with Experience Senior Living Development, and the beautiful end products are a result of the passion both of our companies have for the senior living experience,” said Wayne Powell, Founder and CEO of Civitas Senior Living. “North Port is a vibrant community, and we’re excited to be a part of it.” The Gallery at North Port will be conveniently located across the street from City Center, providing residents easy access to George Mullen Activity Center and City Hall as well numer...

Read More
Real Estate

Watermark Residential Sells 244-Unit Class A Multifamily Community in Colorado Springs, Colorado

COLORADO SPRINGS, Colo. (STL.News) – Watermark Residential, a wholly owned affiliate of Thompson Thrift and one of the nation’s leading multifamily developers, announced today the completed sale of Watermark on Union, a 244-unit Class A multifamily community in the master planned community of Briargate in the northern part of Colorado Springs, Colo. for an undisclosed price. California-based NALS Apartment Homes was the buyer. “Watermark on Union has been a tremendous success story and has validated our investment approach of developing communities focused on style, convenience and luxury,” said Paul Thrift, president and chief executive officer of Thompson Thrift and Watermark Residential. “In just over two years we were able to exceed our projections and sell this asset for attractiv...

Read More
Real Estate

A Classic Retreat in the Enclave of the Village of Southampton is listed by Tim Davis – Hamptons Luxury Market Leader

NEW YORK (STL.News) – As the electric gate opens wide, you will see the most traditional of Hamptons’ homes affectionately known as The Beachmont. Impeccably maintained, a short walk to the ocean, warm ocean breezes in summer, warm and cozy in the fall and winter – this elegant and lovely home fits the desired lifestyle of a long-established classic abode in the Village; so much so that the aficionado of the area, the late iconic TV personality Joan Rivers joked, “I go to the funerals of my girlfriends and I hear the minister say, ‘She’s in a better place.’ What? Are you kidding me? No, she’s not… She had a house in the Hamptons!” Tim Davis, Licensed real estate Broker for Corcoran Group Real Estate knows the reality of the joke – a resident of the Hamptons, and one who has first- hand...

Read More
Real Estate

Corporate Real Estate Professionals Proactively Engaged In Supporting Their Companies’ Response To Coronavirus (COVID-19)

ATLANTA (STL.News) – A global survey of corporate real estate (CRE) professionals – those who manage real estate assets for large corporations – reveals that CRE is playing a strategic role in helping companies respond to the coronavirus (COVID-19) outbreak by partnering more closely with other key corporate functions, ensuring employee health and safety and supporting business continuity efforts through remote working and other means. CoreNet Global ranked the implementation of these and other measures reported by the nearly 200 corporate real estate end-user professionals at multinational companies who completed the survey. When asked what measures the company’s corporate real estate team is taking in response to the coronavirus: Increasing access to hand sanitizers: 93%Implementing ...

Read More
Real Estate

Hilco Real Estate Announces The Online Auction Of A Hotel And Conference Center In Lexington, Kentucky

NORTHBROOK, Ill. (STL.News) – Hilco Real Estate, LLC announces March 19, 2020 as the online auction date for the 149-room, full-service hotel and conference center in Lexington, Kentucky. Built in 1975 and recently renovated in 2014, this hotel is not currently operating, however there are multiple flag possibilities for this property. Situated on Athens Boonesboro Road, the site is accessible just off the I-75 and Newton intersection in Lexington, Kentucky. Just three years ago, the property was operating as a Clarion Hotel Conference Center with a gross revenue of $1,861,165. With a former Bennigan’s previously attached, there is a terrific space for a full-service restaurant as part of this property. There are 149 guest rooms, and the conference center is well-suited for a variety o...

Read More
Real Estate

Amant’s Floor Care Celebrates 51 Years and Announces Support for Local Businesses

Amant’s Floor Care celebrated 51 years on March 1st and announces support to help residential and commercial customers create a clean environment Wildwood, MO (STL.News) Amant’s Floor Care recently celebrated 51 years of continually providing highly-rated floor cleaning services to the St Louis region. It’s a great time of year to get your floors cleaned, especially carpets, to help prevent allergies and other viruses that are important for homeowners and businesses to help protect family members, employees, and customers/clients. During this time of uncertainty, Amant’s is here to help support local businesses protect everybody they serve.  Their technicians take precautionary measures to protect customers and the people that occupy the facility, whether it is a home or commercial spa...

Read More
Real Estate

MListingS designed to help small real estate brokers to compete online

MListingS will enhance real estate brokers online presence using state-of-the-art-technology, syndicating their MLS listings across the web. ST LOUIS, MO (STL.News) While the real estate market will likely take a hit created by the coronavirus, the real estate market has approached its selling season.  Spring is the best time for homeowners to list their homes for sale. It is too early to see how serious the impact of the economic shutdown will affect home sales.  But if it does hit the real estate market as it will likely do, it is more important than ever for real estate brokers/realtors to make sure that they are offering the best marketing for their MLS listings. Most consumers that are seeking a new home turn to the internet for information for homes for sale in the area they want...

Read More
Real Estate

Stag Industrial Refinances $300 Million in Unsecured Debt

Boston, MA (STL.News) STAG Industrial, Inc. (NYSE:STAG), April 20, 2020, announced that it refinanced $300 million of unsecured debt previously scheduled to mature within the next year. The Company refinanced the $150 million unsecured term loan C, which would have matured on September 29, 2020, and the $150 million unsecured term loan B, which would have matured onMarch 21, 2021.  The new term loan has an initial maturity date of April 16, 2021 and is subject to two one-year extension options at the Company’s discretion, subject to certain conditions.  Thenew term loan bears a current interest rate of LIBOR plus a spread of 1.50%, subject to a minimum LIBOR rate of 0.25%.  The new term loan also includes an accordion feature that allows the Company to increase the aggregate size of th...

Read More
Real Estate

Columbia Property Trust Releases 2019 Environmental, Social and Governance Report

NEW YORK (STL.News) Columbia Property Trust, Inc. (NYSE: CXP) has released its 2019 Environmental, Social and Governance (“ESG”) Report. The report highlights Columbia’s ESG priorities and goals, its commitment to sustainability, responsibility, and corporate governance, and how the company demonstrates this commitment to its stakeholders and the communities in which it operates.  The report also details how Columbia evaluates and mitigates ESG- and climate-related risks, as well as its social programs for communities, tenants, and employees, and the philanthropic efforts of the company and its team members. Columbia’s operations and reporting in relation to ESG have been guided by the Task Force on Climate-Related Financial Disclosures and the Sustainability Accounting Standards Board...

Read More
Real Estate

COPT Announces Format Change to Its 2020 Annual Meeting of Shareholders

Virtual-only meeting will be held on May 21, 2020 COLUMBIA, MD (STL.News) Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) announces that, its 2020 Annual Meeting of Shareholders (the “Annual Meeting”) will be held as a virtual-only meeting via live audio webcast on its previously announced date of May 21, 2020 at 9:30 a.m. Eastern Time.  The Company made this decision to provide certainty of executing the Annual Meeting during the high level of uncertainty caused by the COVID-19 pandemic. Shareholders of record as of the close of business on March 12, 2020 are still encouraged to vote their shares in advance of the Annual Meeting through one of the below methods which were described in the proxy materials previously distributed.  To vote prior to the meeting, sh...

Read More
Real Estate

PREIT Launches ‘Shop Local’ Website

Increasing Reach of its Small Business Partners’ Ecommerce Platforms Philadelphia, PA (STL.News) April 20, 2020, PREIT launched Shop Local pages on all of its mall websites, an innovative effort designed to support the ecommerce platforms of the small businesses in its portfolio.  Not only are the offerings highlighted to the local audience but to the entire PREIT portfolio of consumers.  28% of PREIT’s portfolio is comprised of tenants that are local or regional and, in many cases, these tenants offer unique and limited-availability products that make shopping our malls a special experience.  According to the Harvard Business Review, “businesses with fewer than 500 employees account for 48% of American jobs and 43.5% of GDP”. “Our local businesses are among the enterprises hardest hit...

Read More