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The 10 Biggest Real Estate Investment Deals During Boston s Hot Summer
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Community group questions approval of Torrey Hills office complex
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ByteDance to Create New Regional Headquarters Campus at Tishman Speyer s The Springs Development in Shanghai
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NEW YORK, June 3, 2021 /PRNewswire/ TS Innovation Acquisitions Corp. (NASDAQ: TSIA), a special purpose acquisition company sponsored by an affiliate of leading global real estate developer, owner and investor Tishman Speyer, announced today that its stockholders have approved its business combination with Latch, Inc. (Latch), maker of the full-building enterprise software-as-a-service (SaaS) platform LatchOS.
At a special meeting of TSIA stockholders held today, approximately 98% of the votes cast, representing approximately 69% of TSIA s outstanding shares, approved the proposed business combination with Latch.
Following an anticipated closing on June 4, 2021, the combined company s common stock and warrants will be listed on the Nasdaq Global Select Market and will begin trading under the ticker symbols LTCH and LTCHW , respectively, on June 7, 2021. Latch expects to receive $453 million in cash, net of fees and expenses to be funded
New medical research campus proposed in Torrey Hills
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Plans are underway for the development of a proposed new medical research campus on the vacant corner of Carmel Mountain Road and El Camino Real in Torrey Hills. Breakthrough Properties, a life science real estate development company, has acquired the nine-acre site and plans to build three four-to-five-story buildings for a total of 442,500 square feet.
The plans include a below-grade parking garage covered by landscaping and, according to Breakthrough, the three research buildings are positioned to preserve open space and canyon views. The campus is expected to support more than 1,000 permanent scientific research jobs.