Bill Gates goes nuclear with Wyoming pilot project by Mike Consol | May 10, 2023 Bill Gates is looking to prove a couple of points. Point No. 1: A new generation of nuclear power plants designed by TerraPower — the company he founded and for which he serves as chairman — will be safer, cheaper and produce less radioactive waste. Point No. 2: Next-gen nuclear-generation stations can replace decommissioned coal plants and offer employment opportunities to coal workers who would otherwise lose their jobs.
U.S. passenger rail projects finally get some traction by Mike Consol | May 10, 2023 The United States has not been a transportation leader in passenger rail for a long time, let alone set technology standards in the space, but Andy Kunz, founder and president of the US High Speed Rail Association, says major progress is being made on the domestic front.
Washington State Investment Board commits $150m to Monarch Capital Partners VI by Kali Persall | May 10, 2023 The Washington State Investment Board (WSIB) has approved a $150 million commitment to Monarch Capital Partners VI, managed by Monarch Alternative Capital.
BentallGreenOak hires Ryan Severino as chief economist, head of research by Released | May 10, 2023 BentallGreenOak (BGO), a global real estate investment management adviser and a globally recognized provider of real estate services, has appointed Ryan Severino to the newly created role of chief economist and head of research for the firm’s U.S. business.
Industrial outdoor storage grows in popularity among institutional investors by Kali Persall | May 10, 2023 Investor demand for industrial outdoor storage (IOS) has been buoyed by strong recent operating results, favorable long-term supply/demand dynamics and a de minimis capex burden, causing it to grow in popularity among institutions in recent years.
Invesco Real Estate U.S. Fund VI achieves $1.98b final close by Kali Persall | May 9, 2023 Invesco Real Estate has achieved a final closing for the latest fund in its U.S. closed-end value-add/opportunistic fund series, Invesco Real Estate U.S. Fund VI. The vehicle closed on $1.98 billion of capital commitments.
S2G Ventures bolsters impact measurement & management approach by Released | May 9, 2023 S2G Ventures, a multi-stage investment firm focused on the food, agriculture, ocean and clean energy markets, has announced its approach to Impact Measurement & Management (IMM).
Griffin Capital secures $23m for Development Partners Fund II by Larry Gray | May 9, 2023 Griffin Capital Co., a vertically integrated real estate investment company based in El Segundo, Calif., has raised approximately $23 million for its Griffin Capital Development Partners Fund II, according to a Form D recently filed with the SEC.
Oregon pension fund targets up to $2b of real assets commitments in 2023, discloses $200m investment by Kali Persall | May 9, 2023 The Oregon Investment Council has set a pacing target range of $1.5 billion to $2 billion of real assets commitments for the Oregon Public Employees Retirement Fund in 2023.
Dodge Momentum Index recedes in April due to declining economic conditions by Kali Persall | May 9, 2023 The Dodge Momentum Index (DMI) fell 5.1 percent in April as commercial planning was pushed down by sluggish office, hotel and retail activity, according to Dodge Construction Network.
Focus Senior Housing Fund II advances toward $600m fundraising target by Kali Persall | May 8, 2023 Chicago-based Focus Healthcare Partners (FHP) has raised $140 million for its Focus Senior Housing Fund II, according to a recent filing with the SEC. The value-add vehicle has a fundraising target of $600 million.
Lubert-Adler raises $30m for Workforce Housing Fund II by Larry Gray | May 8, 2023 Philadelphia-based investment manager Lubert-Adler has raised $30 million for its Lubert-Adler Workforce Housing Fund II-MB
Prime expands data center offering into Phoenix by Released | May 8, 2023 Prime, a developer and operator of hyperscale and wholesale data centers in America and Europe, has expanded into the Phoenix market.
Investing in the hydrogen economy by Drew Campbell | May 8, 2023 The burgeoning hydrogen market is expected to need between $6 trillion and $12 trillion by 2050, according to Building the green hydrogen economy, a report by the Boston Consulting Group and EDHECinfra.
Job gains reach 253,000 in April by Loretta Clodfelter | May 8, 2023 The United States continues to have a strong labor market. In April, total nonfarm payroll employment increased by 253,000 jobs, according to the Bureau of Labor Statistics, and the unemployment rate was 3.4 percent.
