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Rockpoint, a Boston-based real estate private equity firm, and Urby, a hospitality-driven multifamily developer, formed a joint venture to acquire land and develop a multifamily residential tower on the Jersey City waterfront. Urby will co-manage construction and development, and also oversee property management and leasing alongside Rockhill, Rockpoint’s property services affiliate. The 69-story building, to…
Trends in the wealth management industry continue to tip the scales in favor of ETFs. Retail capital continues to desert traditional investment vehicles in favor of more modern structures. More specifically, outflows from mutual funds are translating to inflows for ETFs. The latest weekly asset flow data released by the Investment Company Institute (ICI), for…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Stocks moved sharply lower on Monday , with weakness across most sectors. Technology and AI-related stocks were the hardest-hit groups as selling in the Korean stock…
There are noteworthy updates coming out of Canada for energy infrastructure investors. Pembina Pipeline Corp (PPL CN) recently reached a positive final investment decision (FID) on its Greenlight Electricity Centre, a C$4.6 billion ($3.2 billion USD) natural gas power plant in Sturgeon County, Alberta. The 932-megawatt facility was developed alongside Morgan Stanley Infrastructure Partners and…
Regional mediators lead effort to rescue US-Iran deal, Axios reports
The Bascom Group acquired Castlewood Park Apartments, a low-density, 183-unit value-add apartment community in Buena Park. The purchase price was $53,125,000, or $290,301 per unit. Brian Eisendrath, Cameron Chalfant, Jesse Zarouk, and Jake Vitta of IPA Capital Markets arranged the acquisition financing, with Brightspire Capital, Inc. providing the acquisition loan. The IPA Investment Sales team…