South Jersey Gas to implement $200m, five-year infrastructure investment program by Andrea Zander | Jun 10, 2022 South Jersey Gas, a subsidiary of South Jersey Industries (SJI), has received approval from the New Jersey Board of Public Utilities to implement a $200 million, five-year Infrastructure Investment Program (IIP).
Retail fundamentals continued to improve at the start of 2022 by Released | Jun 9, 2022 Retail fundamentals continued to improve in first quarter 2022, and shoppers are heading back to stores, with demand for fun and immersive experiences on the rise, according to JLL.
Korean Investor pays $520m for industrial portfolio by Andrea Zander | Jun 9, 2022 South Korea–based Mirae Asset Global Investments has paid $520 million for eight industrial assets totaling some 1.2 million square feet in cities across California and Utah.
Florida apartment portfolio sells for $240m by Andrea Zander | Jun 9, 2022 NorthEnd Equities and real estate investor Motti Schapira have acquired a 14-property multifamily portfolio totaling 2,384 units across Florida from Amzak Capital Management for $240 million.
NYC to convert hotels into affordable housing by Released | Jun 9, 2022 N.Y. Governor Kathy Hochul has signed new legislation to create more flexible rules for converting underutilized hotel space into permanent housing.
DigitalBridge to raise $1b for new fund by Andrea Zander | Jun 9, 2022 DigitalBridge Group has plans to raise more than $1 billion for a new fund.
IMCo, GIC, Manulife and Ontario Teachers provide funding for world’s largest green hydrogen project by Andrea Zander | Jun 9, 2022 Haddington Ventures has formed Haddington ESP I to provide construction equity for projects developed by the Advanced Clean Energy Storage Joint Venture (ACES Delta LLC).
Industry leaders establish Multifamily Impact Council by Released | Jun 9, 2022 A consortium of more than 20 industry leaders from across the commercial residential real estate sector have announced the establishment of the Multifamily Impact Council.
Rising interest rates pose challenges for CRE borrowers by Loretta Clodfelter | Jun 9, 2022 Borrowing costs have been affected by the increase in interest rates and market volatility since the start of 2022, noted Brian Gould, managing director at Chatham Financial, in an interview with IREI.
Rhode Island seeks 600MW of new offshore wind capacity by Released | Jun 8, 2022 Rhode Island, under legislation passed by the Senate, is seeking to develop 600 megawatts of new offshore wind capacity.
Qatar picks ExxonMobil, Eni, TotalEnergies, Shell, ConocoPhillips for $30b LNG expansion by Andrea Zander | Jun 8, 2022 Qatar has picked Exxon Mobil, Eni, TotalEnergies, Shell and ConocoPhillips as partners in the expansion of the $30 billion liquefied natural gas (LNG) project, reporter Reuters.
Iberdrola to invest $6b in N.Y. energy market by Released | Jun 8, 2022 Iberdrola USA has plans to make investments in New York.
Family offices invest more in private equity by Andrea Zander | Jun 8, 2022 Private equity stands out as the only asset class where the number of family offices making allocations has risen steadily year after year.
Rare gems continue to break records by Andrea Zander | Jun 8, 2022 Extremely rare gemstones, particularly natural fancy-colored diamonds, continue to attract the resilient demand of the ultra-rich and are creating bidding wars at record-breaking prices.
Agilitas Energy raises $350m to build national renewable energy & storage platform by Andrea Zander | Jun 8, 2022 Agilitas Energy as raised $350 million of equity in a two-tiered investment from funds managed by CarVal Investors.
