The Disney heiress and film director Abigail Disney said wealth inequality has made it impossible to achieve the American dream, like her great uncle Walt Disney did, in a June 24 interview on "CNN Tonight." Disney is among a group of 19 ultra-wealthy Americans who signed a letter on June 24 asking presidential candidates to support a wealth tax. The revenue generated by the wealth tax could be used to pay for environmental initiatives, fuel economic investment, and fund healthcare, according to the letter. The tax would also protect America's democracy by reducing inequality, it added.
Big Wall Street investors are now investing roughly 10% of their portfolios into real estate and increasingly, they're putting their money into higher-risk, higher-return properties. Joe Azelby, head of real estate and private markets at UBS Asset Management, said he's concerned about this trend especially among US pension funds. Visit Business Insider's homepage for more stories. Big Wall Street investors are now investing roughly 10% of their portfolios, or $1 trillion, into real estate and increasingly, they're putting their money into higher-risk, higher-return properties. This trend reminds at least one expert of the years before the Great Recession.
Alexandria Real Estate Equities, Inc. Announces Closing Of Public Offering Of 4,427,500 Shares Of Common Stock, Including Exercise In Full Of Underwriters' Option To Purchase Additional Shares
PASADENA, Calif., June 25, 2019 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. ("Alexandria" or the "Company") (NYSE:ARE) announced today the closing of its previously announced underwritten public offering of 4,427,500 shares of the Company's common stock at a public offering price of $145.00 per share, including the 577,500 shares sold pursuant to the exercise in full of the underwriters' option to purchase additional shares of the Company's common stock.
House Democrats on Tuesday passed a $383 billion spending package, finishing work on three-quarters of the annual appropriations bills on its docket ahead of the July Fourth recess.The package of five funding bills passed in a vote of...
A "neo-bank" startup called Open and based in Bangalore has raised $30 million in a Series B funding round, according to a report by TechCrunch. Tiger Global led the funding round, and Tanglin Venture Partners, AngelList Syndicate, Speedinvest and 3one4 Capital all participated. The company is now valued at $150 million and has raised $37 [...]
The growth teams at Uber and Airbnb occasionally met over the years to share best practices, brainstorm ideas, and share observations on the startup world. I've had folks over to 1455 Market St, the headquarters of Uber, and I've reciprocated with visits to the Airbnb offices too. I've learned a ton from these conversations, and met awesome people along the way! Today, I have a wonderful guest essay to share by Lenny Rachitsky (@lennysan) -- he's recently left Airbnb after 7 years, much of his recent years as the product leader on Supply Growth.
More than two years after U.S. President Donald Trump first proposed a plan to revive the Israeli-Palestinian peace process, its first phase was launched on Tuesday at an economic workshop in Bahrain.
In the same month that the Blackstone Group made a nearly $19 billion bet on the future of U.S. industrial real estate, a group of developers and brokers gathered on June 21 in northern New Jersey for a ground breaking ceremony on a 350-acre site that will become a state-of-the-art logistics park. Vertical construction on the 4.1 million-square-foot Linden Logistics Center in Union County began last week, NJBIZ first reported. When completed, the development will [...]