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Front Street Capital buys 860 Ridge Lake Blvd. from Northwestern Mutual Insurance for $26.9 million, with single tenant, ABB Inc.

Front Street Capital buys 860 Ridge Lake Blvd. from Northwestern Mutual Insurance for $26.9 million, with single tenant, ABB Inc.
bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.

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Fiserv, Generac make big moves up Fortune 1000 list

Fiserv, Generac make big moves up Fortune 1000 list
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For the second year in a row, Wisconsin has 8 companies on the
Fortune 500 list and 23 on the Fortune 1000 list.
The state’s companies on the 2021 Fortune lists, released today, are the same as last year, with no new additions or subtractions.
Just over half of the state’s Fortune 1000 companies improved their ranking this year. The biggest improvement came from Brookfield-based Fiserv and Town of Genesee-based Generac. Fiserv moved up 106 spots to #205 and Generac moved up 101 spots to #845.
It was the second year in a row that Fiserv made a big move. The financial technology services company moved from #488 on the list in 2019 to #311 in 2020 with its acquisition of New York-based First Data in a $22 billion all-stock deal. ....

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LeGrand Coffee House inks first retail lease at Avenue & Green in Woodbridge

LeGrand Coffee House inks first retail lease at Avenue & Green in Woodbridge
Mixed-use, transit development from Prism Capital Partners expects to be occupant ready this summer
May 21, 2021
10:17 am
Prism Capital Partners said May 20 that LeGrand Coffee House will open its first brick-and-mortar location in downtown Woodbridge, becoming the inaugural retail tenant at Avenue & Green, its mixed-use, transit-oriented development currently under construction at the corner of Rahway Avenue and Green Street.
Ripco Real Estate’s Curtis Nassau and Deborah Stone brokered the transaction as exclusive retail leasing agents for Avenue & Green’s 12,000-square-foot retail component. The property also features 232 apartments, with the entire project expected to be ready for occupancy this summer. ....

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COVID-19 Mortality Fueled Life Insurance Death Benefits Surge, S&P Says

COVID-19 Mortality Fueled Life Insurance Death Benefits Surge, S&P Says
The rate of increase for death benefits on individual life policies of 16.7% exceeded the 10.9% rise for group life contracts.
The U.S. life insurance industry recorded its largest year-over-year increase in direct and net death benefits in at least 24 years as excess mortality due to COVID-19 triggered an unusual volume of claims during 2020.
Aggregate net death benefits across all lines of business rose by 15.1% to $87.51 billion, according to an S&P Global Market Intelligence analysis of disclosures in annual statutory statements. The rate of increase for death benefits on individual life policies of 16.7% exceeded the 10.9% rise for group life contracts. ....

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Lincoln Property Co. to sell Greenspoint office tower - Houston Business Journal

Lincoln Property Co. to sell Greenspoint office tower - Houston Business Journal
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