Some of functionality may not work while you disabled JavaScript. Enable JavaScript for better User Exprience. November 25, 2020

Mayor David Dinkins’ Legacy Includes Times Square, Housing Revival

With the city gripped by recession, Mayor David Dinkins didn’t want to lose Morgan Stanley, a major taxpayer and employer, to the suburbs. In 1992, the city and state offered the investment bank nearly $40 million in tax credits and other incentives to keep its Midtown headquarters rather than move 4,000-plus employees to Stamford, Connecticut. “That was really a turning point in keeping major businesses in the city,” said Carl Weisbrod, of HR&A Advisors, who The post Dinkins is gone, but his real estate legacy lives on appeared first on The Real Deal New York.
Read by 60% of LPs 46 minutes ago

Sila Nanotechnologies Raises $590M To Fund Battery Materials Factory - Techcrunch

Sila Nanotechnologies, a Silicon Valley battery materials company, has spent years developing technology designed to pack more energy into a cell at a lower cost -- an end game that has helped it lock in partnerships with Amperex Technology Limited as well as automakers BMW and Daimler. Now, Sila Nano, flush with a fresh injection [...]
Read by 45% of LPs 46 minutes ago

Daily Crunch: Calendly Valued At $3B - Techcrunch

A popular scheduling startup raises a big funding round, Twitter makes a newsletter acquisition and Beyond Meat teams up with PepsiCo. This is your Daily Crunch for January 26, 2021. The big story: Calendly valued at $3B Calendly, which helps users schedule and confirm meeting times, has raised $350 million from OpenView Venture Partners and [...]
Read by 60% of LPs 1 hour, 56 minutes ago

This Short Seller Just Got A $2.75B Bailout

Hedge fund giants Steve Cohen and Ken Griffin are joining forces to bail out a fellow trader whose positions in runaway stocks like GameStop have been getting hammered. Griffin's Citadel and Cohen's Point72 Asset Management are investing a combined $2.75 billion into Melvin Capital Management, which has seen its recent bets on stock declines thwarted by a small army of investors with get-rich-quick dreams. The fund, run by ex-Cohen lieutenant Gabe Plotkin, is down 30 percent, the Wall Street Journal reported.
Read by 31% of LPs 2 hours, 46 minutes ago

Biden Tells Fox News Reporter He Talked To Putin About 'you' When Asked About His Call With Russian President

Joe Biden brushed off a reporter's question about his discussion with Russian President Vladimir Putin during a press conference. Fox News correspondent Peter Doocy asked Mr Biden what he discussed with Mr Putin on a recent call between the leaders. "President Biden made clear that the United States will act firmly in defense of its national interests in response to actions by Russia that harm us or our allies," the White House said in a statement. "The two presidents agreed to maintain transparent and consistent communication going forward."
Read by 43% of LPs 2 hours, 46 minutes ago

Biden Takes Action On Racial Equity; Civil Rights Groups Expect More - The Washington Post

The president took executive actions Tuesday to combat racism and discrimination, an early move to fulfill his pledges on equity. They fall short of the sweeping actions civil rights groups are demanding, but the administration says there is more to come.
Read by 45% of LPs 2 hours, 46 minutes ago

Oxford To Bolster European Logistics Holdings

The deal will bring M7 Real Estate's portfolio of EUR4 billion (CAD $6.16 billion) in assets under management across 14 countries to Oxford Properties' platform. The post Oxford to bolster European logistics holdings appeared first on REMINET.
Read by 41% of LPs 4 hours, 16 minutes ago

Robots Have Become An Essential Part Of The War Against Covid-19

Robots have been integral in reducing exposure, fulfilling personnel shortages, and conducting disinfection efforts. : Though science-fiction cinema and literature have long painted an interesting and sometimes frightening picture of robots and augmented beings, modern society is increasingly developing and starting to embrace this technology. The use-cases thus far have been relatively controlled and targeted, and have yielded relatively promising applications. Most recently, the fight against the coronavirus pandemic has proven to be one such valuable use-case. Early-on during the pandemic, much was still unknown about the virus, especially regarding its transmission and exposure risk.
Read by 57% of LPs 4 hours, 16 minutes ago

Gr-based Vc Fund Targeting Minority-owned Companies Raises $8.5M In First Year

GRAND RAPIDS -- The venture capital fund formed a year ago in Grand Rapids to invest in minority-owned businesses has netted $8.5 million in commitments from investors and aims to hit $10 million this year. GRAND RAPIDS -- The venture capital fund formed a year ago in Grand Rapids to invest in minority-owned businesses has netted $8.5 million in commitments from investors and aims to hit $10 million this year. The amount raised to date far surpassed the $5 million first-year fundraising goal for the New Community Transformation Fund LP.
Read by 34% of LPs 5 hours, 46 minutes ago

Blackstone Hires Co-head From University For Hedge Fund Unit | Reuters

BOSTON, Jan 11 (Reuters) - Blackstone Group, the world's biggest hedge fund investor, is bringing in a former endowment chief at Brown University as the co-head of its Blackstone Alternative Asset Management (BAAM) unit. The company has hired Joe Dowling to join John McCormick who has run the $78 billion hedge fund unit since early 2018, the company confirmed on Monday. Blackstone's hedge fund unit backs new hedge funds, invests alongside hedge funds, buys majority stakes in them and offers internally run hedge funds. All businesses have expanded since McCormick was promoted to head the unit.
Read by 63% of LPs 6 hours, 16 minutes ago

Qterminals Completes Deal For Port Akdeniz

Qatar's commercial port operator QTerminals L.L.C. finalized the deal to acquire Port Akdeniz. Port Akdeniz is a port that was previously owned by Turkish conglomerate Global Yatirim Holding. Port Akdeniz is located in the southern Turkish province of Antalya along the Mediterranean coast. Port Akdeniz provides cruise, container, general cargo, bulk cargo, project cargo, shore [...]
Read by 59% of LPs