Wildflower and its joint-venture partner Drake Real Estate Partners have secured $143 million in funding for the development of their College Point Logistics Center, Queens, New York. The funding, which was arranged by Walker & Dunlop’s Capital Markets, constitutes a $94 million construction financing and $49 million in equity. The College Point Logistics Center is […]
Freedom Holding Corp., an American company providing financial services, has signed a binding agreement to purchase Maxim Group LLC and its registered investment advisory (RIA) affiliate Maxim Financial Advisors in a cash and stock transaction valued at up to $400 million. The consideration includes deferred payments along with retention incentives. Based in New York, Maxim […]
NBT Bancorp has agreed to acquire rival Nasdaq-listed rival bank holding company Salisbury Bancorp in an all-stock deal worth around $204 million. Salisbury Bancorp is a Connecticut-based community bank franchise, which had $1.51 billion in assets, $1.33 billion in deposits, and $1.18 billion in net loans as of 30 September 2022. Its main subsidiary is […]
The construction work on a new $4.2bn terminal at the John F Kennedy International Airport in New York — JFK International Airport Terminal 6 will commence in early 2023. To this effect, the financial close and the signing of a lease deal along with securing environmental approval by the Federal Aviation Administration have been announced […]
Primark, an Irish multinational fast fashion retailer, is set to open three new stores in New York as part of its growth strategy to operate 60 stores in the US by 2026. Anticipated to open before 2023, the three new New York Metro stores are located at Roosevelt Field in Garden City, City Point in […]
Kimco Realty, a North American open-air and grocery-anchored shopping centers operator, has acquired an open-air grocery anchored portfolio in Long Island, New York for $375.8 million. The acquisition is said to increase Kimco Realty’s footprint in New York’s high barrier-to-entry market. The acquired portfolio includes eight shopping centers, namely The Gardens at Great Neck, The […]
Tilray Brands, a NASDAQ and TSX-listed pharmaceutical, cannabis-lifestyle, and consumer packaged goods company, has acquired Montauk Brewing Company, a craft brewer in Metro New York. The financial terms of the deal were not disclosed. Through the deal, Tilray Brands will expand and strengthen its footprint in the US. It is expected to scale Tilray Brands’ […]
American healthcare company VillageMD has signed an agreement to acquire Summit Health-CityMD, a primary, specialty, and urgent care provider, in a transaction valued at around $8.9 billion, with an aim to advance healthcare in the US. The transaction is expected to deliver a complete patient experience for the optimal individual and community outcomes. VillageMD will […]
American carrier Delta Air Lines has partnered with air taxi startup Joby Aviation to offer its customers a transformational, sustainable home-to-airport transportation service. The city-to-airport service by air will be offered in New York and Los Angeles initially. The partnership for home-to-airport transportation service involves integrating Joby Aviation operated service into Delta Air Lines customer-facing […]
French company Nexans has secured a final order to supply power export cables for the first phase of the 2.1GW Empire Wind offshore project in the US. The contract has been awarded by a joint venture of Equinor and BP. The Empire Wind project phase I lease area is located about 33km south of Long […]