The infrastructure investment fund, known as ISQ Global Infrastructure Fund II, will make average equity investments of $300 million in energy, utilities, transport and telecommunications.
Facebook plans to redevelop whole swaths of the land it holds in Menlo Park, Calif., potentially doubling its workforce there over the next decade to 35,000 people.
Atlanta is struggling with gentrification, according to the Wall Street Journal. Nearly 40 percent of Americans struggle to pay for basic needs like rent or food, MarketWatch reports. These are among today’s must reads from around the commercial...
The capital gains change would slash tax bills for investors when selling assets such as stock or real estate by adjusting the original purchase price for inflation.
The company is negotiating to take about 200,000 square feet (18,600 square meters) in the lower Manhattan skyscraper, according to a person with knowledge of the discussions.
Cohen sold his stakes in 330 East 63rd St. and 133 Ave. D earlier this month, according to documents filed with New York City.
Sears is battling with the operators of its Sears Hometown stores, reports Forbes. Moody’s Corp. is acquiring data provider Reis Inc. These are among today’s must reads from around the commercial real estate industry.
Purchases, which account for about 70 percent of the economy, rose 0.4 percent from the prior month for the second straight time.
The credit grader published an unsolicited assessment in April that ranked WeWork’s $702 million of unsecured debt in the lowest speculative-grade tier.