Phoenix developer to invest $500m to develop hybrid rental units by Andrea Zander | Jan 11, 2019 Phoenix-based NexMetro Communities has plans to invest $500 million this year to develop what it terms “hybrid” rental communities in a growing number of cities.
Outgoing World Bank president to join Global Infrastructure Partners on Feb 1 by Andrea Zander | Jan 10, 2019 Fund manager Global Infrastructure Partners has hired Jim Yong Kim as a partner and vice chairman.
Department of Energy awards $25m for next-generation marine energy research projects by Released | Jan 9, 2019 The U.S. Department of Energy (DOE) selected $25 million in research projects for next-generation marine energy devices.
Endowment performance update by Released | Jan 9, 2019 The Endowment Index™ calculated by Nasdaq OMX® declined 9.09 percent (on a total return basis) for the year ended Dece. 31, 2018.
WeWork rebranding with new SoftBank commitment by Loretta Clodfelter | Jan 9, 2019 Japan-based SoftBank is planning to invest $2 billion in WeWork Cos., according to the latest media reports, a considerably smaller amount than initially indicated. And that investment is going to come directly from the bank, not its $100 billion Saudi-backed Vision Fund.
Argosy Real Estate Partners acquires the National Marriott portfolio by Released | Jan 9, 2019 Argosy Real Estate Partners IV and its parallel funds, in partnership with PEG Development, has acquired a five-property, 617-room, select-service hotel portfolio.
Volkswagen plans green-power alternative to Tesla’s energy push by Andrea Zander | Jan 8, 2019 Volkswagen AG is setting up its own charging and electricity unit in a bid to make the German manufacturer’s upcoming battery-powered cars more attractive to buyers, according to Bloomberg.
Billionaire Oracle founder reveals $1b stake in Tesla by Andrea Zander | Jan 8, 2019 Oracle founder Larry Ellison has disclosed a holding worth $1 billion in Tesla after being appointed to the company’s board in December.
KKR co-founder to sell Colorado ranch for $46m by Andrea Zander | Jan 8, 2019 Henry Kravis, the billionaire co-founder of private equity giant KKR, has plans to place his luxurious Colorado ranch on the market for $46 million, according to The Wall Street Journal.
More than 60% of U.K. advisers to increase infrastructure allocation by Released | Jan 8, 2019 Over six-in-10 (62 percent) U.K. financial advisers are looking to increase their clients’ allocation to infrastructure over the next three years, a rise of 32 percent from last year, according to a survey by investment manager Foresight Group.
Bob Oros takes the helm at HighTower Advisors by Andrea Zander | Jan 8, 2019 HighTower Advisors has appointed Robert Oros as CEO, former Fidelity Investments and Charles Schwab executive.
BlackRock study: Global institutional investors shifting risks from public to private markets by Released | Jan 8, 2019 Amid rising concerns about a downturn in the economic cycle, institutional investors are looking to mitigate risks by increasing allocations to private markets according to BlackRock’s annual survey of global institutions.
Cannabis industry reached record funding in 2018 by Released | Jan 7, 2019 The cannabis industry has reached an all-time funding high, reaching nearly $2.2 billion in 2018, and totaling more than 300 deals.
Opportunity zone fund directory expands to 63 and nearly $16b in investment by Released | Jan 7, 2019 NCSHA released an updated edition of its Opportunity Zone Fund Directory, including details on 63 Qualified Opportunity Funds (QOFs) formed to attract Opportunity Zone investment in designated high-poverty neighborhoods.
Startup raises $100m to develop supersonic airliner by Released | Jan 7, 2019 Boom Supersonic, the Colorado company building a radically faster commercial aircraft, has closed a $100 million Series B investment round, bringing total funding to more than $141 million.
