Welcome to our dedicated page for Trinity Place news (Ticker: TPHS), a resource for investors and traders seeking the latest updates and insights on Trinity Place stock.
Trinity Place Holdings Inc. (NYSE: TPHS) is a New York-based real estate investment leader with six decades of experience in high-value property development and consumer-focused intellectual property management. This dedicated news hub provides investors and industry observers with essential updates on the company's strategic initiatives across its commercial real estate portfolio and brand assets.
Access timely information on 77 Greenwich Street developments, Paramus property updates, and consumer brand initiatives including FilenesBasement.com operations. Our curated news collection covers earnings reports, asset management decisions, and corporate milestones without market speculation or investment bias.
Key updates include property acquisitions, financial performance data, Stanley Blacker brand developments, and strategic partnerships. The resource serves both institutional analysts tracking NYC real estate trends and retail investors monitoring TPHS's diversified revenue streams.
Bookmark this page for streamlined access to verified TPHS disclosures and market analyses. Regular updates ensure you maintain current awareness of the REIT's position in competitive urban markets and its innovative consumer sector engagements.
Trinity Place Holdings Inc. (NYSE American: TPHS) announced an update on its strategic review process to maximize shareholder value. The company has engaged Houlihan Lokey and Ackman Ziff as financial advisors to evaluate various strategic alternatives, which may include financing options, mergers, or sales. However, there is no guarantee that this review will yield a conclusive outcome, and no timetable has been set for its completion. The company’s largest asset is a mixed-use project at 77 Greenwich Street in New York City, nearing completion. As of September 30, 2022, TPHS reported net operating loss carryforwards of approximately $268 million.
Trinity Place Holdings Inc. (NYSE American: TPHS) announces that its new residential tower, Jolie on Greenwich, has received a LEED Silver Certification from the U.S. Green Building Council. Located at 77 Greenwich Street in Lower Manhattan, the 42-story tower features 90 upscale residences and over 7,000 sq. ft. of retail space, along with a public elementary school. The development emphasizes energy efficiency and sustainability, aligning with modern living standards. Pricing for available units starts at $1.75 million.
Trinity Place Holdings Inc. (NYSE American: TPHS) recently reported the successful opening of the Trinity Place Learning Center, which now accommodates 420 students, significantly increasing capacity from 186. The center's first day coincided with the prestigious Blue Ribbon School award recognition. The Jolie condo project is nearing completion, with remaining units priced from
Trinity Place Holdings Inc. (NYSE: TPHS) announced it received a notice from the NYSE on August 23, 2022, regarding non-compliance with its continued listing standards due to the late filing of its Quarterly Report on Form 10-Q for the quarter ended June 30, 2022. The company needs to file this report within six months. Additionally, it plans to restate its financial statements for 2021 and early 2022 due to accounting errors related to construction costs at 77 Greenwich Street. The company expects to file the 10-Q in early September 2022.
Trinity Place Holdings Inc. (NYSE: TPHS) announced the sale of The Berkley in Williamsburg, Brooklyn for $71.02 million. The sale's net proceeds will be allocated for working capital and new investments. CEO Matthew Messinger highlighted the strong demand for high-quality multifamily assets despite rising interest rates, noting The Berkley's 99% occupancy and nearly 20% net effective rent growth over the past year. Additionally, construction is progressing at 77 Greenwich, with temporary occupancy certificates expected this summer.
