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The head of NSWâs gambling regulator has thrown cold water on US private equity giant Blackstoneâs claims it will have probity clearance to take over James Packerâs Crown Resorts by October, saying the process will be exhaustive and take as long as necessary.
The battle for the beleaguered Crown and its casinos in Melbourne, Perth and Sydney heated up on Monday when its main rival The Star Entertainment confirmed a proposed $12 billion merger between the two gambling and hospitality groups.
The bidding war for Crown is heating up.
Credit:Nick Moir
The New York-based Blackstone has been stalking Crown for months and over the weekend increased its takeover bid from $11.85 per share to $12.35 - valuing it at about $8.3 billion - and told Crown it expected to have approval from gambling regulators in NSW, Victoria and WA by October.
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Nina James has joined Blackstone from Australia’s Investa
As part of a build-up of its global ESG team, private equity major Blackstone has appointed Nina James to lead its environmental, social and governance efforts in Asian real estate.
The hiring of the former Investa exec to fill one of five newly-created managing director positions across the US, Europe and Asia comes as New York-based Blackstone adds resources and capabilities within its business units and builds out its corporate ESG structure.
The team will continue to advance Blackstone’s decade-long focus on ESG, the group said in a release, with initiatives including carbon emissions reductions and greater diversity in the boardroom.
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The Hawaii Employees’ Retirement System Should Be Investing For The Long Term - Honolulu Civil Beat
My bill in the Legislature is calling for transparency, accountability and holdings that are healthy.
About the Author
Tina Wildberger is the state representative for House District 11, which covers the South Maui communities of Kihei, Wailea and Makena. She currently serves as Vice Chair of the House Government Reform Committee.
Just over a year ago, I attended the first-ever Ahupuaa Investment Summit at the University of Hawaii Maui College. With Maui County support, the primary purpose of the summit was to lay the groundwork for Hawaii to attract sustainable investment that aligns with community values.
Despite the pandemic, e-commerce growth is fueling the demand for warehouse spaces in the Twin Cities metro.
For just about everyone in commercial real estate, the Covid-19 pandemic has brought economic challenges. Many offices are sparsely occupied, and the leasing outlook is uncertain. Many retail tenants are going bankrupt or closing stores. Hotels have seen the worst year that anyone can remember, because travel in the United States has dropped so much.
But there is one bright shining star: industrial property. Demand just keeps growing. The pandemic has meant that people everywhere are increasingly shopping online and turning to e-commerce. That’s good news for industrial properties because e-commerce retailers need space to store all of the stuff they’re selling. Industrial is the rare commercial real estate market that can still support spec (short for “speculative”) development, in which a developer starts building a project with no signed leases in hand.