Cytonn adopts one project at-a-time strategy for its future investments. : Real-estate market slowdown has seen Cytonn Investments adopt one project at-a-time strategy for its future investments. Speaking in Nairobi when he launched its pension business, Cytonn executive director Edwin Dande said slow economic growth has hurt property sales across the real-estate market forcing it to change tack. The firm will start with the Sh4 billion Ruaka The Alma mixed-use development comprising 477 units where the first 123 units will be handed over to owners soon.
DALLAS, June 24, 2019 /PRNewswire/ -- Lone Star Funds today announced that it has completed the final closing for Lone Star Real Estate Fund VI, L.P. ("LSREF VI"). Since the establishment of its first fund in 1995, Lone Star has organized 20 private equity funds with aggregate capital commitments totaling approximately $85 billion. The firm organizes its funds in three series: the Commercial Real Estate Fund series; the Opportunity Fund series; and the U.S. Residential Mortgage Fund series. LSREF VI is the firm's sixth dedicated commercial real estate fund. ...Full story available on Benzinga.com.
HANOVER PARK, Ill., June 24, 2019 /PRNewswire/ -- Christina M. Andreacchi, Esq is recognized by Continental Who's Who Pinnacle Top Attorney at her Private Practice. Dedicated to promoting and protecting her clients' interest while providing effective legal counsel, Christina M....
Real estate investor Jack Terzi is out to prove that buying up brick and mortar retail space is a smart investment. Terzi, who runs his own real estate investment and brokerage firm JTRE Holdings,... To view the full story, click the title link.
Pwani Oil switches to its co-generated energy to cut costs. : Mombasa-based Pwani Oil Company has slashed the use of electricity from the national grid by more than half as it switches to its co-generated energy to cut costs. The company is now using its 1,500 kilowatt project at the Kikambala plant to supply up to three quarters of the energy requirements. Commercial director Rajul Malde says this has seen the cost of energy drop significantly due to the cheaper cogeneration.
U.S. stock indexes edged mostly lower in afternoon trading Monday, giving back some of the market's solid gains from last week. Investors eased into trading ahead of a highly anticipated meeting between the U.S. and China's leaders later this week. The world's two largest economies have been embroiled in a trade war that has taken the market on a volatile roller-coaster ride this year and Wall Street is hoping for a deal. Health care stocks led the losers as pharmaceutical giant Bristol-Myers Squibb and its buyout target Celgene stumbled. Consumer discretionary stocks and banks also helped pull the market lower.
This is going to make some people mad. Jay Inslee's presidential campaign has been releasing its climate policy -- the central rationale for its existence -- in pieces. Extremely large, detailed, and nuanced pieces. I covered the first piece, on getting to 100 percent clean energy in electricity, new cars, and new buildings, here. I covered the second, a 10-year, $9 trillion investment plan, here. The third was about how climate change would reshape foreign policy under Inslee. You can read it here. On Monday, the fourth piece, "Freedom From Fossil Fuels," is out.
Restaurants push back against fees charged by delivery companies, reports the Wall Street Journal. Rent is becoming increasingly unaffordable for many U.S. workers, according to Forbes. These are among today's must reads from around the commercial real estate industry.
SAN FRANCISCO, CA, Leader in digital lending technology, announced it has raised $130M in Series E funding led by Temasek and General Atlantic.