Large buildings, like the Empire State Building and Trump Tower, may face million-dollar fines unless they reduce their greenhouse gas emissions, reports The New York Times. MarketWatch looks at whether the 2017 tax reform has helped or hurt the housing market. These are among today's must reads from around the commercial real estate industry.
The world's biggest landlord, with $136 billion of real estate assets under management, will switch from a publicly traded partnership, opening its stock to more investors.
LOS ANGELES, April 18, 2019 /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE:REXR), a real estate investment trust focused on owning and operating industrial properties located in Southern California infill markets, today announced the acquisition of four industrial properties for a total of $84.5 million. The acquisitions were funded using cash on hand. "We are pleased with our recent transaction activity as we continue to source attractive off-market and lightly-marketed investment opportunities in Southern California's infill markets, the most sought-after industrial market in the country," stated Howard Schwimmer and Michael Frankel, Co-Chief Executive Officers of the Company.
Susan Shipman, Andrew Exline, Andrea Kujala, Joseph Calvaneso, John Hackmann, Ricardo Stewart and John Danielson are experts in commercial real estate valuation and consulting services.
BMO Global Asset Management appoints Bennett to new global head of alternatives role. : BMO Global Asset Management, Aviva Investors, Knight Frank, Arrow Capital Partners, Cromwell Property Group, Ondra Partners, Vasakronan, CBRE Group, American Tower Corporation, AXA IM - Real Assets, EstCapital SGR, Astrea Asset Management, Brockton Capital, Cushman & Wakefield, Dahler & Company Aviva Investors - Michael Maddox has joined the asset manager's real assets team as origination manager, real estate long income. Maddox will focus on sourcing and originating investment opportunities across institutional mandates. He joins Aviva Investors after five years at Knight Frank Investment Management where he was most recently an assistant fund manager on the long income property unit trust.
Redox Raises $33M In Series C Funding Led By Battery Ventures To Revolutionize How Healthcare Data Is Exchanged
Redox Raises $33 Million in Series C Funding Led by Battery Ventures to Revolutionize How Healthcare Data Is Exchanged Hundreds of healthcare systems and the applications they depend on choose the Redox Interoperability Platform as they work to fulfill the promise of digital health MADISON, Wis., April 17, 2019-- Redox, the company that is changing the way healthcare providers and software vendors share data, today announced that the company closed a $33 million Series C funding round led by global investment firm Battery Ventures with participation from existing investors .406 Ventures, RRE Ventures, and Intermountain Ventures.
Multimedia Update - Soma Capital Partners Acquires Warehouse & Manufacturing Property In Petaluma, California | Benzinga
SAN FRANCISCO, April 17, 2019 (GLOBE NEWSWIRE) -- Soma Capital Partners (SCP), a privately held real estate investment and advisory firm based in San Francisco, today announced the purchase of 2277 Pine View Way in Petaluma, CA, for $19.95 million from LBA Realty. SCP acquired the Property in partnership with Drake Real Estate Partners based in New York. This will be SCP's first purchase since late 2017. SCP sold three commercial properties in 2018 totaling approximately 700,000 square feet to institutional buyers including Blackrock and Brookfield.
Norway's sovereign wealth fund will pay about $98 million dollars to extend the term of its ownership in a portfolio of New York properties and to acquire a few new, the fund said on Wednesday.
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