Aria Bendix, provided by Published 10:02 am PDT, Friday, March 15, 2019 The $25 billion Hudson Yards completed its grand opening on March 15. The entire 28-acre development will be completed in 2024. The site will transform the surrounding community, bringing an influx of around 125,000 daily office workers, tourists, and residents. The emphasis on luxury amenities and high-end retailers threatens to alienate long-time establishments, which may soon be priced out of the neighborhood. Stepping onto the Hudson Yards site, it's impossible not to gravitate toward Vessel, a 150-foot-high, honeycomb-shaped art installation in the center of the complex. With its reflective copper cladding and $200 million price tag, the structure is emblematic of the development itself: expensive, partially enclosed, and intentionally breathtaking. While the complex is a stunning design feat, the fact that it's being built is even more impressive. At $25 billion, Hudson Yards is the … [Read more...] about Hudson Yards is the most expensive real estate development in US history. Here’s what its $25 billion future could look like.
Kkr real estate
By Katherine Feser Published 5:00 am CDT, Friday, October 19, 2018 S&B Engineers and Constructors has purchased 15150 Memorial Drive from MetroNational. S&B Engineers and Constructors has purchased 15150 Memorial Drive from MetroNational. Photo: HFF Pima Medical Institute has leased 64,818 square feet at 11125 Equity Drive. The lease represents 66 percent of the office building. Transwestern represented landlord, Founders Properties, in the lease. Pima Medical Institute has leased 64,818 square feet at 11125 Equity Drive. The lease represents 66 percent of the office building. Transwestern represented landlord, Founders Properties, in the lease. Photo: Transwestern A real estate investment trust sponsored by SmartStop Asset Management has purchased 3750 FM 1488 in The Woodlands from Metro Mini Storage. A real estate … [Read more...] about Real estate briefs: MetroNational sells three office buildings
Private equity firm KKR said it will acquire BMC Software from an investment group that includes Bain Capital, Golden Gate Capital and others.The software vendor has pivoted from mainframe software to being more of a IT service management player and cloud management and application optimization provider. BMC Software went private in 2013 via a deal worth $6.9 billion with a plan to transform its business and be more aggressive. BMC Software's move to go private kicked off a wave of similar moves by tech vendors leading up to the massive Dell-EMC deal. Peter Leav, CEO of BMC, said the outlook for the company is strong and his team will be focused on its roadmap under KKR. BMC has more than 10,000 customers. For KKR, BMC represents a further push into technology. KKR has investments in enterprise software companies but is best known for its real estate portfolio. Terms of the deal weren't disclosed. Related: … [Read more...] about KKR to acquire BMC Software 5 years after Bain Capital and others bought it for $6.9 billion
NEW YORK--(BUSINESS WIRE)--May 17, 2018--Macquarie Capital, the corporate advisory, capital markets and principal investment arm of Macquarie Group, today announced the appointment of Robert “Bo” Crowell as a Managing Director to lead healthcare services coverage in the Americas.Mr. Crowell joins Macquarie Capital from UBS, where he was a Managing Director and advised and executed on more than $25 billion of merger and acquisition and capital raising transactions for healthcare services companies. He has over 17 years of strategic advisory experience. Before UBS, he held senior roles in healthcare investment banking at Citigroup Global Markets and Credit Suisse.Transaction activity in healthcare services has increased dramatically due to several sector tailwinds including technology disruption, innovative new business models, vertical integration, regulatory and reimbursement changes, consumerism in healthcare and favorable demographics. Mr. Crowell will work to capitalize … [Read more...] about Macquarie Capital Launches Coverage of Healthcare Services Sector in the Americas
SAN DIEGO & NEW YORK--(BUSINESS WIRE)--Apr 26, 2018--Mitchell International, Inc. (Mitchell), a leading provider of technology, connectivity and information solutions to the Property & Casualty (P&C) claims and Collision Repair industries, KKR, and Elliott Management today announced that they have executed a definitive agreement under which funds managed by private equity firm Stone Point Capital LLC (“Stone Point”) are making an investment in Mitchell and acquiring the equity position held by KKR and Elliott Management.“We have built our leadership position in the Property and Casualty and collision repair industries by investing in our people, products and services, and focusing on the value we deliver to our clients. Stone Point shares our vision for being a growth-oriented, customer-driven company built on strong values,” said Alex Sun, President and CEO of Mitchell. “We are extremely appreciative of the role KKR played in our growth over … [Read more...] about Mitchell Secures New Investment Partner in Stone Point Capital in Its Continued Commitment to Growth and Innovation