Oxford Properties Group is perpetuating the Bay Area and Boston-area life sciences boom with a move worth more than a quarter of a billion dollars, and it plans to use another half-billion on further capital investments.
The Toronto-based investment company and developer paid $276M for four life sciences assets and plots of land suitable for development in the thriving life sciences sector, according to a press release.
The deal comprises a mixed-use property in the East Bay city of Emeryville that also includes two land parcels earmarked for life sciences development, as well as three properties around Boston. Oxford expects to bolster the bundle by making additional capital investments amounting to $500M.
Engine Capital Nominates a Slate of Highly Qualified Director Candidates for Election at CMCT s 2021 Annual Meeting of Shareholders
Reiterates Belief that the Status Quo is Untenable and that the Company s Board Must Act Decisively to Unlock Shareholder Value
Confident that its Slate of Six Highly Qualified, Independent Nominees with Significant Relevant Industry and Financial Expertise Will Revitalize the Board and Deliver Results for all CMCT s Shareholders
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NEW YORK, Dec. 11, 2020 /PRNewswire/ Engine Capital, L.P. (together with its affiliates, Engine ), a shareholder of CIM Commercial Trust Corporation ( CMCT or the Company ) (NASDAQ: CMCT) with an ownership of approximately 6.1% of the Company, today announced that it has nominated a slate of six highly qualified director candidates, Arnaud Ajdler, Sam Bakhshandehpour, Alan L. Bazaar, Charles R. Holzer, John T. Livingston and Stuart M. Milstein, for election to th
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For many years, a distinctive X-shaped office tower looming over the New Orleans riverfront was a prominent reminder of the city’s woes.
A 33-story edifice bordering the Mississippi River, the building, known as the World Trade Center, was completed in 1967. During the oil bust of the 1980s, tenants fled. Hurricane Katrina in 2005 was another devastating blow. After 2011, the building stood empty.
But today, it’s a hive of activity, teeming with construction workers who are converting it into a Four Seasons property combining a luxury hotel and condominiums, expected to open in the spring. The $530 million project is said to be the largest private investment in the history of the city. It is also the most visible sign of progress on the riverfront, whose redevelopment has proceeded in fits and starts over decades and is still far from fully realized.