Global real estate investment company Kennedy Wilson (NYSE: KW) announces that its debt investment platform has crossed $1 billion in loans secured by high-quality real estate across the Western United States. The new milestone comes on the heels of the company launching a new $2 billion debt platform in mid-2020.
Eight Must Reads for the CRE Industry (March 8, 2021) The $1.9 trillion rescue bill that Congress is due to approve this week includes $86 billion to help support multiemployer pension plans, reports the New York Times. California has cleared theme parks and sports venues to reopen at reduced capacity in April, according to Vulture. These are among today’s must reads from around the commercial real estate industry.
Rescue Package Includes $86 Billion Bailout for Failing Pensions “The bailout targets multiemployer pension plans, which bring groups of companies together with a union to provide guaranteed benefits. All told, about 1,400 of the plans cover about 10.7 million active and retired workers, often in fields like construction or entertainment where the workers move from job to job. As the work force ages, an alarming number of the plans are running out of money.” (
Are you mad?
In three words, this response to a question about whether tenants had asked their landlords for rent reductions captured the general sentiment about the rental market.
Many renters are, understandably, scarred by their experiences of finding – not to mention affording – rental accommodation in Ireland.
It hasn t occurred to some that they might be paying over the odds, and you could be forgiven for assuming that little had changed in the rental market, despite the pandemic.
Figures from Daft.ie suggest that, while the rental juggernaut may have slowed down, it hasn t come to a stop. But is that the full picture?
It has hundreds more apartments in the pipeline at construction projects in Dublin.
It’s building the massive Coopers Cross scheme in the capital. The project, extending over 5.9 acres, is on one of the largest undeveloped sites in Dublin’s central business district. It takes up an entire block beside the IFSC.
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Axa Investment Managers is its partner on the scheme, which will include 472 apartments and 394,000 sq ft of office space.
Kennedy Wilson and Axa are also building 287 apartments at the Grange complex in south Dublin, where they teamed up in 2018 to buy an existing 274 apartments and a four-acre development site for €161m. The assets were sold by a receiver on behalf of Nama.
Cowgirls Travel To Houston Baptist Saturday McNeese Basketball (Source: KPLC) By McNeese Sports Information | February 26, 2021 at 1:46 PM CST - Updated February 26 at 1:46 PM
LAKE CHARLES, La. (KPLC) - McNeese women’s basketball will play Houston Baptist for the second time in five days when the Cowgirls travel to Houston for a 12 p.m. Southland Conference game. The two team recently faced off in Lake Charles on Feb. 22 with the Cowgirls picking up a 73-55 win. It will be the first of three straight road games before closing out the regular season at home against Lamar on March 6.
McNeese (6-11, 6-4 SLC) heads into the game in fourth place in the league standings behind Stephen F. Austin, Sam Houston, and Southeastern Louisiana with four regular season games remaining. The Cowgirls will look to get back into the win column following their 65-9 home loss at the hands of Southeastern Louisiana Wednesday night.