Construction Maison

The following discussion of our financial condition and results of operations should be read in conjunction with the financial statements and notes thereto and other financial information included elsewhere in this report. Certain statements contained in this report, including, without limitation, statements containing the words "believes," "anticipates," "expects" and words of similar import, constitute "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks and uncertainties. Our actual results may differ materially from those anticipated in these forward-looking statements as a result of certain factors, including our ability to create, sustain, manage or forecast our growth; our ability to attract and retain key personnel ; changes in our business strategy or development plans; competition; business disruptions; adverse publici...

CHICAGO , Aug. 9, 2017 /PRNewswire-USNewswire/ -- The AFL- CIO Housing Investment Trust (HIT) today celebrated the grand re-opening of the Kenmore Plaza Apartments , which recently completed an extensive $61 million rehabilitation. The 28-story, 324-unit building provides affordable housing exclusively to the elderly. The rehabilitation work included reducing the operating costs of the building by installing durable and easy to maintain materials and energy efficient equipment , improving energy and water efficiency over the long term, as well as upgrading the current residential units , floor hallways, interior ground floor , and building exteriors and the construction of a small addition to the existing structure. The HIT provided $22.9 million of financing through the purchase of Ginnie Mae construction loan certificates and a permanent loan certificate . "The HIT investment is helping preserve a historically significant building that has been a major source of afforda...

I just finished my all-new DAVOS portfolio that includes the following best-in-class REITs: Digital Realty (DLR), American Tower (AMT), Ventas, Inc. (VTR), Realty Income (O), and Simon Property Group (SPG). As a reminder, the DAVOS REITs were picked because of their high-quality attributes and most importantly for their dividend repeatability. While these REITs do not represent all of my favorite picks, they embody a diversified basket that serve as a proxy for robust dividend growth in the REIT sector. I’ll be honest, the last pick was the hardest. It was easy for me to select DLR, VTR, O, and SPG – because these four REITs have scale, experience, and muscle – all essential elements of durability. However, I was torn between the last pick, debating most of my Saturday as to whether I would go with American Tower or AvalonBay (AVB). I was really leaning to go with AvalonBay, but I decided at the last minute to include American Tower . It was a tough call, but after reading this ar...

Scottish property developer, Drum Property Group has agreed an additional £17. 5 million finance package with Royal Bank of Scotland. The business, established in 2004, and based in Aberdeen, Glasgow and Edinburgh, will use the Bank’s funding to further expand its residential investment portfolio and continue to invest across Scotland’s central belt. Drum Property Group ’s residential investment business is one of the largest private landlords in Scotland, whilst its development division is behind some of the country’s largest mixed-use development projects. The company has consent to build 350 apartments and 1,000,000 sq. ft. of office accommodation in the Tradeston area of Glasgow, in addition to 220 apartments in Finnieston. The Group also recently delivered retail developments in Uddingston, Helensburgh and Ipswich, and has just announced its appointment by Scottish Enterprise to deliver a 7.4-acre mixed-use site at Pacific Quay. Stuart Oag, Finance Director at Drum Property...

Merger will create leading Greater NYC Metro regional bank with $29 Billion in Assets MONTEBELLO, N.Y. and LAKE SUCCESS, N.Y., Aug. 16, 2017 (GLOBE NEWSWIRE) -- Sterling Bancorp (NYSE:STL), the holding company for Sterling National Bank and Astoria Financial Corporation (NYSE:AF), the holding company for Astoria Bank, announced today that the Office of the Comptroller of the Currency (“ OCC ”) has approved the merger of Astoria with and into Sterling (the “ Merger ”).  The transaction, which was announced March 7, 2017 and approved by the shareholders of Astoria Financial Corporation and Sterling Bancorp on June 13, 2017, remains subject to other customary closing conditions , including the approval of the Board of Governors of the Federal Reserve System .  Assuming such conditions are satisfied, Sterling Bancorp and Astoria Financial Corporation expect to complete the Merger early in the fourth calendar quarter of 2017. /EIN News/ -- About Sterling Bancorp Sterling Bancorp , who...