Trinity Place Holdings Inc. operates as a real estate holding, investment, development, and asset management company in the United States. The company's principal asset is located at 77 Greenwich Street in Lower Manhattan. It also owns a property occupied by a retail tenant in Paramus, New Jersey. The company also controls various intellectual property assets focused on the consumer sector, including FilenesBasement.com, its rights to the Stanley Blacker brand, as well as the intellectual property associated with the running of the Brides event and An Educated Consumer. Trinity Place Holdings Inc. was founded in 1959 and is headquartered in New York, New York.
IPO Year:
Exchange: AMEX
Website: tphs.com
10-Q - Trinity Place Holdings Inc. (0000724742) (Filer)
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Trinity Place Holdings Inc. (NYSE:TPHS) (the "Company") announced that on February 21, 2024, the NYSE American notified the Company that it had reviewed the plan of compliance (the "Plan") that the Company submitted to the NYSE American and determined to accept the Plan and grant a cure period through May 29, 2025. As previously disclosed, on November 29, 2023, the Company received a deficiency letter from the NYSE American indicating that the Company was not in compliance with the NYSE American's continuing listing standards set forth in Sections 1003(a)(i) and (ii) of the NYSE Company Guide since it reported stockholders' deficit of $(1.2) million as of September 30, 2023 and losses from
Trinity Place Holdings Inc. (NYSE:TPHS) (the "Company") announced that on February 14, 2024 the Company closed its previously announced recapitalization transactions. In connection with these transactions, the maturity date of each of the mortgage loan agreement and mezzanine loan agreement for the 77 Greenwich property was extended to October 23, 2025 with an option to extend for an additional year. At the closing, the lender under the Company's corporate credit facility purchased 25,112,245 shares of common stock of the Company and the maturity date of the Company's corporate credit facility was extended to June 30, 2026. In addition, an affiliate of the lender acquired a 5% interest in a
Trinity Place Holdings Inc. (NYSE:TPHS) (the "Company") announced that, effective as of January 5, 2024, the Company had entered into a stock purchase agreement with the lender under its corporate credit facility and an affiliate of such lender (the "Investor"), pursuant to which the Investor will be issued 25,112,245 shares of common stock of the Company for a purchase price of $0.30 per share in accordance with the terms and conditions of the stock purchase agreement. At the closing of the transactions contemplated by the stock purchase agreement, the Company and the Investor will enter into a joint venture agreement, pursuant to which the joint venture will be appointed the initial manag
Trinity Place Holdings Inc. (NYSE:TPHS) (the "Company") announced today that on November 29, 2023 it received a letter (the "Notice") from the NYSE American LLC ("NYSE American") advising the Company is not in compliance with the NYSE American continued listing standards set forth in Sections 1003(a)(i) and (ii) of the NYSE American Company Guide given the reported stockholders' deficit as of September 30, 2023, and losses from continuing operations and/or net losses in three of its four most recent fiscal years ended December 31, 2022. The Notice has no immediate impact on the listing of the Company's shares of common stock, par value $0.01 per share (the "Common Stock"), which will cont
Trinity Place Holdings Inc. (NYSE:TPHS) (the "Company") announced that its annual meeting of stockholders will be held at 77 Greenwich Street, New York, New York on Wednesday, June 21, 2023 beginning at 10:00 a.m. local time. Further details regarding the Annual Meeting have been made available to stockholders in the Company's proxy statement filed with the Securities and Exchange Commission (the "SEC") today. The Company also advises that its audited consolidated financial statements for the fiscal year ended December 31, 2022, included in the Company's annual report on Form 10-K filed with the SEC, contained an audit report from its independent registered public accounting firm with a g
Engages Houlihan Lokey and Ackman Ziff as Advisors in Strategic Review Process Trinity Place Holdings Inc. (NYSE:TPHS) (the "Company") announced that it is providing an update on its ongoing review of potential strategic alternatives. As previously disclosed, the Company has been engaged in a process to review and evaluate potential strategic alternatives to maximize shareholder value. To that end the Company has engaged from time to time with various parties who have expressed interest in the Company's assets and attributes, and has considered a range of potential strategic transactions, including financing alternatives, a potential financial restructuring or a reorganization, merger, rev
Designed by FXCollaborative and Deborah Berke Partners, the Mixed-Use Tower is Located at 77 Greenwich Street in Downtown Manhattan Trinity Place Holdings Inc. (NYSE:TPHS) (the "Company") announced that Jolie on Greenwich has been awarded the Leadership in Energy and Environmental Design (LEED) Silver Certification by the U.S. Green Building Council (USGBC). Located at 77 Greenwich Street in the heart of Lower Manhattan, Jolie is a boutique glass tower with 90 luxurious residences overlooking New York Harbor, the Hudson River, and Battery Park. Jolie is crowned by a penthouse and a rooftop-level suite of amenities, Cloud Club 77. Deborah Berke Partners designed Jolie's well-crafted interio
TPHS Provides Update on Strategic Discussions and NYSE Listing Trinity Place Holdings Inc. (NYSE:TPHS), the New York-based real estate holding, investment, and asset management company, announced that Trinity Place Learning Center, the new home for PS 150, welcomed students pre-Kindergarten through fifth grade for the first day of school yesterday. PS 150, awarded the prestigious title of Blue Ribbon School by the U.S. Department of Education, relocated from the Tribeca neighborhood of New York City to the mixed-use tower developed by TPHS in Lower Manhattan. Conveniently located across the street from the new Elizabeth Berger Park, PS 150 now has capacity for 420 students, up from 186 se
Trinity Place Holdings Inc. (NYSE:TPHS) (the "Company") announced today that, as expected, on August 23, 2022 it received a notice from the New York Stock Exchange (the "NYSE") that the Company was not in compliance with the NYSE's continued listing standards under the timely filing criteria established in Section 1007 of the NYSE American Company Guide, because the Company did not timely file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2022 (the "Form 10-Q") with the Securities and Exchange Commission (the "SEC") on or prior to the due date thereof. The NYSE informed the Company that, under the NYSE's rules, the Company has six months from its due date to file the Form
Unit Finishes Nearing Completion in Jolie Trinity Place Holdings Inc. (NYSE:TPHS) (the "Company") announced that it, along with its joint venture partner, has closed on the sale of The Berkley, at 223 North 8th Street in Williamsburg, Brooklyn (the "Property"), to TF Cornerstone for $71.02 million. The Company purchased a 50% interest in the Property alongside Pacolet Milliken in December 2016. The net proceeds from the sale, after repayment of the property's mortgage and partner loan and settlement proceeds from the interest rate swap associated with the Property's mortgage will be used for working capital and/or new investment opportunities for the Company. "We took advantage of the cu
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