US data center protests go national as backlash grows
US data center protests go national as backlash grows
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U.S. Government Closes $30M Property Deal Tied To New San Antonio Spurs Arena
The General Services Administration has sold a federal property to the city of San Antonio to support a new downtown entertainment district and arena for the city’s NBA team. The GSA this week closed on a $30M sale of three parcels spanning 5.7 acres, which includes the San Antonio Federal Building West at 727 E….
$30B Investment In Limbo After Attorneys General Sue To Stop Paramount, Warners Bros. Merger
Twelve attorneys general sued to stop the merger of Paramount and Warner Bros. Discovery, saying the union violates antitrust laws. The AGs have joined forces to block Paramount’s $111B grab for Warner Bros. Discovery, which would destroy competition between the two entities and impact movie theaters, cable distributors and consumers, according to a statement from California AG Rob Bonta’s office. “The unlawful merger…
Hines Pays $151M To Buy Austin Office Tower From Brandywine
Hines is returning to the office market with a $151M bet on Austin. The global real estate investment management giant acquired a 206K SF office at 405 Colorado St. from Brandywine Realty Trust as it selectively targets trophy office assets with high occupancy, Hines announced Monday. Hines acquired the fully leased office building at 405…
International Sting Dismantles Cyprus-Based Crypto Fraud Hub Targeting Benelux Investors
Three suspects have been arrested in Cyprus over an alleged crypto investment fraud network targeting investors in Belgium and the Netherlands, according to the Cyprus Mail. The operation was coordinated with support from Europol. Authorities say the group operated a professional call center-style business that used fake celebrity endorsements, social engineering and remote-access software to…
Fed Officials Signal Inflation Crackdown Ahead of Next Rate Meeting
In public appearances this week, a number of top Federal Reserve officials signaled a strict crackdown on sticky inflation, setting a hawkish tone ahead of the next policy meeting later this month. Fed Chairman Kevin Warsh made his first Congressional appearance in the new role on Tuesday, telling lawmakers that members of the rate-setting Federal…
Small landlords, not big funds, still dominate Canada’s rental market
Across five of the six provinces studied, small-scale individual investors, those owning five properties or fewer, held the largest share of assessed value among rental properties. Their share ranged from 35.9% in Nova Scotia to 57.1% in Prince Edward Island. Nova Scotia was the exception, where institutional investors, primarily real estate investment trusts, pension funds,…
