Beijing has used loans to developing nations to expand its influence, but a new study says no country has received more Chinese financing than the United States.
Recent oil and gas deals in Europe suggest that the growing demand for energy may be leading companies to adopt a more pragmatic approach.
Bain Capital has purchased Concert Golf Partners from Clearlake Capital Group in a deal that could top $1.3B.
Clearlake first invested in Concert Golf in 2022. It helped expand the upscale golf course and country club company’s portfolio through 14 acquisitions, bringing Concert Golf’s total locations to 39 across the U.S, according to a press release from the company.
It isn’t clear what the valuation of the sale to Bain is, though sources told Bloomberg News that it could be more than $1.3B, including debt.
Clearlake declined Bisnow’s request to comment on why the company decided to exit at this time. Bain didn’t respond to a request for comment.
“The partnership with Clearlake…
The developers of Hudson Yards have sold the only hotel in the $25B megaproject.
About a two-hour drive north of Los Angeles, a flashy new casino complex has opened.
The Hard Rock Casino Tejon is technically in Mettler, where the I-5 and State Route 99 meet, but with 150K SF of gaming space, it has the square footage of some of the state’s — and Las Vegas’ — biggest casinos, the Los Angeles Times reported.
Hudson Pacific Properties is planning a reverse stock split.
The 7-1 split was approved by the company’s board of directors and will take effect Dec. 1.
Companies sometimes employ reverse stock splits when they are in danger of being delisted from one of the stock exchanges, as was the case with WeWork in 2023. There is no delisting notice filed for HPP with the Securities and Exchange Commission.
There are other reasons to elect to merge stocks, including boosting stock prices to attract investors, according to Nasdaq.
HPP’s stock price is above the $1 threshold that is required to be listed on the New York Stock Exchange, trading at $1.88…
Michelle W. Bowman, the Federal Reserve’s new vice chair for supervision, has advanced regulatory changes that some fear may sow the seeds for the next crisis.
TF Cornerstone’s plans on Greenpoint’s waterfront are getting more concrete. An architect working for the developer applied for permits to build two properties totaling 1,060 units, joining the development buzz in the Brooklyn neighborhood. The first building includes a proposed 792 apartments across 38 floors at 45 West Street, for a total of about 808,000 square feet. The second is a proposed 13-story building containing 268 units across 249,000 square feet at 15 Oak Street. The two projects are located on the same lot, according to city records. The project will also include 82 enclosed parking spaces, according to the […]
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The Trump Organization and its Middle East development partner have announced a project in the Maldives that marries two of the family’s most successful moneymaking enterprises.
Google plans to invest tens of billions of dollars to grow its digital infrastructure footprint in Texas by building three new data centers in the state and expanding two other campuses.