National Realty Investment Advisors (NRIA) has started construction on the $49 million The Station, a luxury high-rise project in West New York, New Jersey’s business district, as per the latest construction industry news. The mixed-use project, which will open to residents in 2021, is located at 4901 Bergenline Avenue. The luxury apartment building will feature […]
New York has chosen two large-scale offshore wind projects, which can power one million homes with clean energy, in the state’s maiden tender. The two wind farms with a total electricity generating capacity of 1.7GW are said to the single largest renewable energy procurement by any US state in history. New York Governor Andrew Cuomo […]
Hines, a real estate investment, development, and management firm, has agreed to invest in Edge-on-Hudson, a mixed-use development situated in Sleepy Hollow, New York, US. Edge-on-Hudson, a joint venture of SunCal and Diversified Realty Advisors, will develop 246 luxury apartments along the banks of the Hudson River in Phase Two. Hines has purchased Parcel F […]
Tokio Marine acquisition of PURE Group : Japanese insurance holding company Tokio Marine will acquire Privilege Underwriters (PUI), which does business through the US insurance group – Pure Group of Insurance Companies (PURE Group) for $3.1 billion. The US insurance group is being acquired from investors led by KKR and Stone Point Capital, as per […]
Global insurance brokerage Hub International has acquired the assets of Perennial Pension and Wealth, an independent financial services company, for an undisclosed price, as per the latest insurance acquisition news. Based in New York, Perennial Pension & Wealth offers pension, retirement planning, wealth management services, and consultation to organizations and individuals. Bob Krieger – founder […]
iGambit, a New York-based company focused on the medical technology markets, has agreed to merge with healthcare IT company Clinigence in a stock-for-stock merger transaction. Atlanta-based Clinigence provides clinical quality reporting and population health analytics. Its cloud-based platform helps healthcare organizations to offer value-based care and population health management. The Clinigence platform collects clinical and […]
Banking acquisition news : OceanFirst Financial, the parent company of New Jersey-based OceanFirst Bank, has agreed to acquire Two River Bancorp and Country Bank Holding Company, in two separate transactions for a total consideration of around $285 million. OceanFirst acquisition of Two River OceanFirst acquisition of Two River : First, OceanFirst Financial will acquire Two […]
Assured Guaranty acquisition of BlueMountain : Assured Guaranty, Bermuda-based financial guaranty insurance company, said that its subsidiary Assured Guaranty US Holdings (AGUS) has agreed to acquire BlueMountain Capital Management and its associated entities for about $160 million. Based in New York, BlueMountain Capital Management is an alternative asset management company having $19.3 billion in assets […]
Offshore wind industry news : Equinor’s Empire Wind Project, a proposed 816MW offshore wind farm in the US to be built with an investment of around $3 billion, has been named as a winner in New York State’s large-scale competitive offshore wind solicitation. The Empire Wind Project is expected to help the clean energy and […]
Vesta acquisition of Alex Apparel : Vesta Capital Management said that one of its affiliates has acquired New York City based women’s clothing retailer Alex Apparel Group from Atlantic Street Capital for an undisclosed price. Alex Apparel is a designer and wholesaler of eveningwear dresses and social dresses under the brands Alex Evenings, Ignite Evenings […]