Hints and tips:
...“The data centre construction boom continues globally, with supply struggling to keep up with record demand,” Green Street analyst David Guarino wrote in a note on Monday....
...“There’s definitely a sense that new construction, permitting, the cost of construction and interest rates are making new builds more difficult, less attractive,” he added....
...increasingly “challenging” after a construction boom over the past decade ran its course....
...Construction of the pipeline has been delayed for years due to legal challenges from environmentalists and landowners, but EQT chief executive Toby Rice on Monday talked up its potential to meet an expected...
...Magellan moves crude oil and its derivatives. Oneok cannot use Magellan’s oil pipelines to tap new markets for its natural gas and vice versa....
...“We believe the premium offered maximises value creation for Magellan’s unit holders and reflects the essential nature of Magellan’s assets and service offerings,” said Aaron Milford, Magellan’s chief executive...
...Gas pipeline giant Oneok in May announced an $18.8bn deal to buy oil-focused Magellan Midstream Partners, though the takeover has faced some pushback from big shareholders....
...Gray said that while US apartment construction had soared in recent years, an ongoing “housing shortage” in America would keep pushing rents higher in a boon for landlords like Blackstone....
...Sunak’s visit to the construction site in Mayfair came on a busy day that included the first meeting in 2024 of the prime minister’s business council. But it was not officially announced by Number 10....
...Among the disputed developments is a subsidised retirement community in Michigan known as Presbyterian Villages, which was refurbished with construction financing from AIG....
...In today’s newsletter, I look at a big pipeline deal between Oneok and Magellan Midstream, and what it says about the profound shift under way in the American energy landscape....
...Just last week, scientists at the Carnegie Institute of Science described another remarkable initiative: the construction of the Giant Magellan Telescope in Chile....
...PacWest had previously raised $2.36bn by selling construction loans to real estate investors Kennedy Wilson....
...The most advanced, in West Palm Beach, is already under construction and boasts signed leases....
...At the Spring Place private members club in Manhattan, Blackstone said the unfolding financial crisis could bolster Breit’s earnings because it would constrain bank financing for new real estate construction...
...Cheniere did not provide cost estimates for the project, but at current construction rates it would likely top $10bn....
...Intel has two plants under construction at its site in Chandler, Arizona, which are expected to come online in 2024. It announced plans this year to invest $20bn to build two chip factories in Ohio....
...In January, it offloaded about half of its stake in Hitachi Construction Machinery to trading house Itochu and a Japanese investment fund....
...into Unaoil fiasco nears end (FT) Stellantis halts operations in Russia as it suspends remaining production (FT) Thai energy company Gulf forays into crypto market via Binance tie-up (Nikkei Asia) UK construction...
...The report said that Crown was not fit to hold a gambling licence in Sydney, where it had just completed the construction of a A$2.2bn harbourside complex....
...It has restarted construction of the Venice site and has begun selling apartments....
...Dating from the early era of skyscraper construction, most have structural features that limit elevator capacity, obstruct views or make it more difficult to install modern amenities....
...Those renovations will be financed by a construction loan from Blackstone....
...been posting net losses of $100m a year — and to extricate itself from an unplanned bet on the casino industry that began at the height of the financial crisis when developer Ian Eichner defaulted on a construction...
...By the time the RJR Nabisco boss was forced out by KKR’s record-breaking 1989 takeover of his company, Johnson had personally supervised the construction of a $12m hangar housing at least half a dozen jets...
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