Koreatown Apartment Owner Agrees To Pay $2.5M In Settlement Of Tenants' Discrimination Lawsuit - Los Angeles Times
A real estate investment firm has agreed to pay $2.5 million to settle a federal lawsuit alleging that it pressured Latino and mentally disabled tenants to leave its rent-controlled Koreatown buildings so it could raise the rents. While denying they had done anything wrong, the Century City investment...
Newcore Strategic Situations IV has acquired PS20m worth of assets. : Newcore Capital Management's latest social infrastructure, storage and accommodation fund has acquired PS20m (EUR22.6m) worth of assets in the south of England and the Midlands. The Newcore Strategic Situations IV value-add fund has made five investments in Virginia Water, Warwick, Streatham, Croydon and Oxford. The manager said the largest of the five deals is the PS6m purchase of Kitsmead Recycling Centre in Virginia Water, a town in northern Surrey. The asset comprises 21 acres of waste management and open storage uses, let to a variety of companies.
BMO REP sold the UK assets for PS53.2m on behalf of a segregated mandate client. : BMO Real Estate Partners (BMO REP), on behalf of a segregated mandate client, has sold three UK assets as part of its plan to redeploy capital into new income and growth assets. The manager said it has completed the disposal of three assets for a total consideration of PS53.2m (EUR60.3m). BMO REP sold a 240,600sqft industrial unit in Bridgwater, Somerset, to sub-tenant EDF Energy for PS16.3m.
The Square office building in Paris was acquired from GLL Real Estate Partners. : PGIM Real Estate, on behalf of its pan-European discretionary value-add fund, has bought The Square office building in Paris from GLL Real Estate Partners. The manager said it acquired the 7,000sqm office building located on 7-7 bis rue de Teheran from a German closed-ended fund managed by GLL. Financial details were undisclosed. The asset was built in 1928 and fully refurbished in 2007. The property has been fully let to Parfums Christian Dior since 2007.
Tom Steyer made his fortune as a hedge fund manager taking risky bets in volatile conditions. In this year's high-stakes midterm election, the billionaire turned political activist is making another costly wager on one of the most historically unreliable groups of voters: young people. Steyer,...
The Twenty Minute Vc: Venture Capital | Startup Funding | The Pitch: 20vc: Scalar Capital's Linda Xjie On Who Will Win The Smart Contract War, The Future Of Exchanges: Centralised Or Decentralised & The Pros And Cons Of Differing Privacy Coins
Linda Xie is a Co-Founder & Managing Director @ Scalar Capital, one of the leading crypto asset funds to have been born over the last few years with Linda becoming one of the most prominent figures in the space. Prior to co-founding Scalar, Linda was a product manager at Coinbase where she worked with regulators and law enforcement. Before Coinbase, she was a portfolio risk analyst at AIG. If that was not enough, Linda is also an advisor to 0x, the critical infrastructure layer in the emerging financial stack built on a foundation of Ethereum token standards. In Today's Episode You Will Learn: 1.)
Japanese car parts maker Calsonic Kansei, owned by U.S. private equity firm KKR, has agreed to buy Fiat Chrysler's high-tech parts-making unit Magneti Marelli unit for 6.2 billion euros ($7.1 billion), the companies said.
Interactive Investor pays PS40 million for Alliance Trust Savings, ending months of speculation over the future of the business. : The sale ends months of speculation over the future of the savings arm of the Alliance Trust (ATST ) investment trust. AJ Bell and a private equity firm were also believed to be in the running to buy the business.
As the brussels-based CEO of Invest Europe, Michael Collins represents pan-european private equity, venture capital and infrastructure firms, as well as their investors. He spoke to Businesslife about how the industry is performing on the continent and the role the Channel Islands play. Photography by David Plas What's your background and how did you get to where you are now? I joined Invest Europe - or the EVCA [European Private Equity and Venture Capital Association] as it was...
Fintech company Cube Wealth, a wealth creation app, has raised over USD 2 million in equity funding from prominent international angel and seed investors from Silicon Valley, Hong Kong, Europe, Singapore and India, a statement said Monday. The company said the investment will be used to grow the depth of the product and expand reach in more markets in India after Mumbai and Kolkata.