New construction starts in November slip 7% by Released | Dec 20, 2018 At a seasonally adjusted annual rate of $789.3 billion, new construction starts in November decreased 7 percent from October’s elevated amount, according to Dodge Data & Analytics.
Sugar Hill Capital Partners buys Harlem apartment buildings for $250m by Andrea Zander | Dec 20, 2018 E&M Associates has sold a Harlem, N.Y., apartment portfolio to Sugar Hill Capital Partners for $250 million, according to The Real Deal, citing anonymous sources.
FS/KKR close on merger by Released | Dec 20, 2018 FS/KKR Advisor, a partnership between FS Investments and KKR Credit Advisors, announced the merger of FS Investment Corp. and Corporate Capital Trust has closed.
W. P. Carey announces industrial property investments totaling $119m by Released | Dec 20, 2018 W.P. Carey has made several transactions, totaling approximately $119 million. The investments comprise mission-critical properties triple-net leased to industry-leading tenants with a weighted average lease term of approximately 20 years. The transactions include: $41 million acquisition of a 550,000-square-foot distribution facility leased to Orgill, the world’s largest independent hardware distributor, in Kilgore, Texas, which serves […]
Elon Musk unveils underground tunnel, transport cars by Andrea Zander | Dec 19, 2018 Elon Musk, head of Tesla and SpaceX, unveiled a test version of his underground transportation tunnel on Tuesday.
Betterment adding commodities to adviser platform by Andrea Zander | Dec 19, 2018 Betterment is expanding the menu of asset classes available to advisers using the white-label version of the digital-advice platform, reported Investment News.
Private-equity buyer in talks for London tower site by Andrea Zander | Dec 19, 2018 A new real estate company backed by some of Israel’s richest families is in talks to buy a City of London site.
U.S. Energy ‘Echo’ project returns 61% to investors on initial asset sale by Released | Dec 19, 2018 U.S. Energy Development Corp., an independent oil and gas operator specializing in direct participation programs, has sold a portion of its Echo project to Devon Energy for a 61.35 percent return to investors.
How consumers lose more than $100b in life insurance annually by Released | Dec 19, 2018 In 2008, an estimated $112 billion of life insurance policies simply lapsed due to nonpayment of premiums.
Coal demand will remain steady through 2023, International Energy Agency says by Andrea Zander | Dec 18, 2018 While global coal demand looks set to rise for the second year in a row in 2018, it is forecast to remain stable over the next five years.
San Diego-based Jack in the Box explores potential sale by Andrea Zander | Dec 18, 2018 Fast food operator Jack in the Box, which owns approximately 2,200 restaurants in 21 states, has plans to explore a potential sale.
KBS Growth & Income REIT increases valuation of its common stock to $9.20 by Released | Dec 17, 2018 KBS Growth & Income REIT has approved an estimated net asset value per share of its common stock of $9.20 as of December 7, 2018.
California to require all-electric buses by 2040 by Andrea Zander | Dec 17, 2018 The California Air Resources Board unanimously passed a rule, Innovative Clean Transit regulation, that will phase out gas- and diesel-powered public transit buses in the coming decades.
Qatar Petroleum to investment up to $20b in U.S. LNG projects by Andrea Zander | Dec 17, 2018 Qatar Petroleum has plans to invest approximately $20 billion in LNG projects in the United States.
U.S. offshore wind-leasing auction sets record with $405m in bids by Andrea Zander | Dec 17, 2018 The U.S. government has awarded offshore wind farms at three lease areas off Massachusetts to European based firms.
