Blackstone Invests In Miami Industrial Market With $56M Airport Trade Center Buy | Daily Business Review
The purchase of the three-building property highlights the healthy appetite among institutional investors for South Florida industrial product. : Investment giant The Blackstone Group Inc. bought a big industrial property west of Miami International Airport for $56 million, highlighting the healthy appetite in the sector from institutional investors. Lidia Dinkova covers South Florida real estate for the Daily Business Review. Contact her at LDinkova@alm.com or 305-347-6665. On Twitter @LidiaDinkova.
This is an excerpt from a story delivered exclusively to Business Insider Intelligence Fintech Briefing subscribers. To receive the full story plus other insights each morning, click here. The Zurich-based fintech, whose investors include former Deutsche Bank CEO Josef Ackermann, raised $40 million at a valuation of over $1 billion, reports Bloomberg. The latest investment brings Numbrs' total raise to date to almost $200 million, CEO Martin Saidler told the outlet.
When Harry Markopolos dropped his bombshell report skewering General Electric Co., he revealed that he was working with a short seller to profit from the stock's decline. Eight days later, that firm's identity remains a mystery. Markopolos has offered few details about his partner, saying only that it's a midsize hedge fund based on the East Coast -- and one not normally known for shorting. "I promised confidentiality," the accounting examiner said on CNBC. Off-the-record conversations with a number of players in the short-seller community haven't turned up much intel either. Most people seem to be at a loss.
Japan's biggest asset manager plans to expand into the United States for the first time as part of efforts to win more money from overseas clients, its chief executive told Reuters.
Shakers await fate amid threat of extinction after 135 yearsJames Bentley: losing Bury would devastate a communityYou can email Barry or tweet @bglendenning or post BTL 2.24pm BST Bolton Wanderers: "Former Bolton boss Phil Parkinson has spoken out following his resignation from the club this week, to say he left with "a heavy heart". Along with his assistant Steve Parkin, the 51-year-old resigned from from the beleaguered League One club yesterday.
A man-about-town philanthropist, he and his brother Charles ran a business colossus while furthering a libertarian agenda that reshaped American politics.
CHICAGO -- The troubling scene inside the dingy Chicago apartment seems real: dangling exposed wires, open pill bottles near a sleeping baby and a kitchen strewn with dog feces and cockroaches. But the mock apartment -- with a lifelike infant doll, candles emitting foul smells and plastic insects -- is part of a new simulation [...]
Pension funds that decide to invest in standalone fiduciary management funds are being reassured that they will not be subject to mandatory tendering requirements.
Foresight Renewable Energy Income Fund plans A$50m first close in November. : London-based fund manager Foresight Group is planning to launch its first infrastructure debt fund in Australia later this month, seeking to raise up to A$200m (EUR122m) to finance renewable energy projects. The Foresight Renewable Energy Income Fund is aimed at Australian institutional investors such as industry super funds, but will also be open to global investors. Kim Nguyen, head of Australia, Foresight Group, told IPE Real Assets that pre-launch discussions with potential investors had yielded a positive response.
Mainland Chinese real estate investment overseas was down 66% to US$3.8bn. : Chinese outbound real estate investment in the first half of 2019 fell to a seven-year low due to domestic policy restrictions and global economic uncertainties, according to new research from Cushman & Wakefield Research. During the first six months of the year, mainland Chinese real estate investment overseas (MCREIO) was down 66% to US$3.8bn (EUR3.44bn) and Hong Kong real estate investment overseas (HKREIO) was down 31% to US$5.2bn from the same period a year earlier.