Google to pledge $150m to clean energy projects around the world by Kali Persall | Oct 17, 2019 Google is planning to funnel $150 million into clean energy projects within the countries that make its products.
Interest in airport investing soars by Drew Campbell | Oct 17, 2019 Infrastructure investors have been active in the airport sector in 2019, including at least six transactions in the past five weeks. Australian managers Macquarie Infrastructure and Real Assets and QIC have each been involved in two airport deals this year, including one between the two firms, with QIC acquiring of a 70 percent stake in Hobart Airport in a deal announced in early October.
Opus Group delivers student housing near University of Illinois by Kali Persall | Oct 17, 2019 The Opus Group has delivered Seven07, a new student living community near the campus of the University of Illinois at Urbana-Champaign, a public research university and the flagship institution of the University of Illinois system.
Digital infrastructure market to expand twofold in next five years by Kali Persall | Oct 16, 2019 The global cloud infrastructure market is expected to more than double in size over the next five years, according to a new research report by MarketsandMarkets, a B2B researcher.
Utah ranks No.1 for best infrastructure in U.S. by Kali Persall | Oct 16, 2019 In a study ranking U.S. states with the best infrastructure, Utah has emerged at the top of the list, due to short commute times and better broadband coverage.
San Diego office market headed for 10th straight growth year by Andrea Zander | Oct 16, 2019 San Diego’s office market continues to exhibit ongoing stability, reported Cushman & Wakefield. Overall office vacancy came in at 14 percent for the third quarter, with direct vacancy at 11.8 percent.
JLL Income Property Trust expands offering to include 1031 like-kind exchange solution by Released | Oct 16, 2019 JLL Income Property Trust has launched a 1031 tax-deferred exchange program designed to provide accredited investors with the opportunity to defer taxes on gains from the sale of appreciated real estate. The offering marks the first entry into the 1031 exchange market by a daily valued, perpetual NAV REIT advised by an institutional investment manager […]
Chicago to receive $1.2b for infrastructure improvements by Kali Persall | Oct 16, 2019 Chicago, the third-largest city in the U.S., is in line for a $1.2 billion capital influx for road improvement and transit infrastructure projects.
Blackstone buys Las Vegas casino for $4.25b by Andrea Zander | Oct 16, 2019 MGM Resorts International has plans to sell its Bellagio and Circus Circus resorts in Las Vegas in separate deals valued at approximately $5 billion.
Duke Energy to build energy storage project in South Carolina by Released | Oct 15, 2019 Duke Energy Carolinas, a subsidiary of Duke Energy, is partnering with Anderson County, S.C., to build an energy storage project at the Anderson Civic Center.
Legal & General appoints investment manager by Kali Persall | Oct 15, 2019 London-based Legal & General (L&G) has appointed Andrew Rendel as investment manager.
Maryland storage REIT acquires Toronto self-storage facility by Kali Persall | Oct 15, 2019 Maryland-based Strategic Storage Growth Trust II (SSGT II), a private REIT sponsored by an indirect subsidiary of SmartStop Self Storage REIT, has acquired a newly constructed self-storage facility in Toronto.
Freehold Properties pledges $30m to Chicago cannabis operator by Kali Persall | Oct 15, 2019 Freehold Properties, a newly formed real estate investment company focused on specialized agricultural, industrial and cannabis properties, has agreed to invest $28.75 million in funding to Chicago-based multi-state cannabis operator Revolution Global.
CEFC to invest $100m in Macquarie’s Australian infra platform by Kali Persall | Oct 15, 2019 Australia’s Clean Energy Finance Corp. (CEFC) is planning to commit $100 million to the Australian infrastructure platform of Macquarie Infrastructure and Real Assets (MIRA) in an effort to reduce carbon emissions and improve energy efficiency in airports, electricity, port, rail and water sectors.
KKR consortium to invest in Metro Pacific Hospital Holdings by Kali Persall | Oct 15, 2019 A KKR-led consortium has signed agreements with Metro Pacific Investments Corp. (MPIC) to invest $100 million in Metro Pacific Hospital Holdings via a series of 41 million common shares.
