Privately held biotech ViaCyte has banked $27 million, the majority an installment of cash from a tranched $80 million Series D financing round it closed in late 2018. The company says the money will go to further develop the three diabetes treatment programs it has underway, including enough prep work to enable it to bring [...]
John Schneider And His Pittsburgh-area Team At Jms Capital Group Real Estate Announce The Opening Of Their Co-sharing Office Space At Keystone Crossings | Benzinga
PITTSBURGH, May 26, 2020 /PRNewswire-PRWeb/ -- JMS Capital Group Real Estate announces the opening of its newest co-sharing office space at Keystone Crossings, located at 8500 Keystone Crossing in a retail sector north of downtown Indianapolis. The grand opening of the 3,500 square foot co-sharing office space is planned for May 30, 2020. Co-sharing suites are available immediately for short-term leases, from one year up to five years in length. The office spaces are fully furnished and ready to use.
Car rental giant Hertz filed for Chapter 11 bankruptcy on Friday, ostensibly felled by a pandemic that dramatically lowered demand at its airport counters. Under the hood: Hertz is a Frankenstein of financial engineering, beginning with its leveraged buyout in 2005 and continuing long after its private equity owners cashed out. History: Clayton Dubilier & Rice led a $14.8 billion purchase of Hertz from Ford Motor Co. in late 2005. The deal included just $2.3 billion of equity, split equally with the Carlyle Group and Merrill Lynch's private equity unit, and leveraged $6.9 billion of financing against its fleet.
HONG KONG, May 26, 2020 /PRNewswire-PRWeb/ -- Juwai IQI today announced the launch of Juwai.asia, the first global portal for non-China Asian consumers who want to purchase real estate almost anywhere in the world. Chinese buyers are already served by the company's existing portal, Juwai.com, which since 2011 has become the largest Chinese portal for international real estate. Via the two portals, Juwai.asia and Juwai.com, Juwai IQI markets some 6 million listings per year from 91 countries to more than 3.3 million monthly users.
The coronavirus pandemic has paused the electric vehicle revolution, forcing producers of battery metal lithium into survival mode with output cuts, expansion delays and sales of major assets.
WINNIPEG, May 26, 2020 /CNW/ - Artis Real Estate Investment Trust (TSX:AX) ("Artis" or the "REIT") today provided unitholders with an update on Artis' business as it relates to the impact of the COVID-19 pandemic. Artis continues to monitor the COVID-19 pandemic, and to take all appropriate measures to ensure the REIT is limiting the spread of COVID-19. Protocols for building cleanliness are continuously evolving to incorporate up-to-date recommendations from public health agencies and the REIT's property management team is working diligently to ensure safety at all properties, and to support tenants through this unprecedented time.
While wealth management — UBS's biggest business — is traditionally a high-touch operation, with clients valuing personal contact, the coronavirus pandemic has accelerated a shift toward digital services.
Activist investor Jonathan Litt, who in recent years has pushed to turn around struggling retailers, now has a new sector in his sights. Litt's hedge fund, Land & Buildings Investment Management, is taking short positions in New York City landlords Empire State Realty Trust, SL Green Realty and Vornado Realty Trust, the Wall Street Journal reported. "Numerous headwinds have weighed on New York office landlords in recent years as rent growth has stalled and values The post Activist investor Jonathan Litt is shorting big NYC office landlords appeared first on The Real Deal New York.
We are excited to have Brian O'Neil, Chief Investment Officer of the Robert Wood Johnson Foundation, and Alexis Ohanian, Co-Founder & Managing Partner and Co-Founder of Reddit, as keynote speakers at the first-ever digital conference for institutional investors. Tune in to their keynotes on June 17th!
Tencent To Invest Us$70 Billion In New Digital Infrastructure, Backing Beijing's Economic Stimulus Efforts | South China Morning Post
Chinese internet giant Tencent Holdings plans to invest 500 billion yuan (US$70 billion) over the next five years in new digital infrastructure, a major hi-tech initiative that would bolster Beijing's efforts to drive economic recovery in the post-coronavirus era.That massive investment will focus on fields that include cloud computing, artificial intelligence (AI), blockchain technology and Internet of Things, as well as the infrastructure to support them like advanced servers, supercomputers,...