SAN DIEGO Rockefeller Group has completed the disposition of Airway Industrial Park, a distribution center located in San Diegos Otay Mesa submarket. The buyer was a fund managed by Black Creek Group, which Ares Management acquired on July 1. The price was not disclosed. Situated on 7.8 acres at 8150 Airway Road, the property  The post Rockefeller Group Sells 135,623 SF Distribution Center in San Diego appeared first on REBusinessOnline .
DENVER, July 22, 2021 (GLOBE NEWSWIRE) -- A fund managed by Black Creek Group, a leading real estate investment firm that was acquired by a subsidiary of Ares Management Corporation on July 1, 2021, announced today it has begun construction on Innovation Park at Exit 8, a two-building 575,000 square foot industrial park located at 148 Princeton-Hightstown Road in East Windsor, New Jersey. The state-of-the-art business park is designed in a campus-like setting with convenient access to the New Jersey Turnpike.
LONDON The McLaren Group announced a 550 million pound ($758 million) equity investment on Friday with much of it coming from Saudi Arabias Public Investment Fund (PIF) and global investment firm Ares Management. McLaren Group includes the British supercar maker as well as McLaren Racing, which competes in Formula One and IndyCar in the 
Aspida, an indirect subsidiary of Ares Management Corporation, has acquired Global Bankers Insurance Group, an insurance service provider and operations company.
DURHAM, N.C.--(BUSINESS WIRE)--Aspida Holdings Ltd. (Aspida), an indirect subsidiary of Ares Management Corporation (Ares) (NYSE: ARES), announced today that it has closed on the acquisition of Global Bankers Insurance Group, LLC, a U.S. based insurance service provider and operations company (the Company). The acquisition is pursuant to the regulatory and court approved settlement agreement related to Aspidas previously disclosed transaction with Pavonia Life Insurance Company of Michig
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DENVER, July 14, 2021 (GLOBE NEWSWIRE) -- Ares Management Corporation (NYSE: ARES ) ("Ares") today announced that its managed fund, Black Creek Industrial REIT IV ("BCIIV"), has closed on the acquisition of 48 industrial properties totaling 8.3 million square feet. The properties were purchased from affiliates of Prologis, Inc. (NYSE: PLD ) for approximately $920 million. "This transaction demonstrates our continued commitment to the industrial sector, which is one of the strongest in commercial real estate backed by growing investor interest," said Raj Dhanda, Partner and Global Chief Operating Officer of the Ares Real Estate Group. "The addition of these properties not only further diversifies our holdings, but they are located in markets that are essential in linking national and regional supply chains, which is critical as we continue to see e-commerce demand increase." The transaction consisted of: 48 properties located across 13 U.S. markets 8.3 million square feet of Class A and B industrial holdings that are currently 96.4% occupied On July 1, 2021, a subsidiary of Ares assumed the management of BCIIV as part of an agreement to acquire Black Creek
DENVER, July 14, 2021 (GLOBE NEWSWIRE) -- Ares Management Corporation (NYSE: ARES) (Ares) today announced that its managed fund, Black Creek Industrial REIT IV (BCIIV), has closed on the acquisition of 48 industrial properties totaling 8.3 million square feet. The properties were purchased from affiliates of Prologis, Inc. (NYSE: PLD) for approximately $920 million.
Dyal just dropped a dime investing in the Phoenix Suns. Execs at the firm broke down why they''re stepping in as billionaires can''t afford to buy NBA teams anymore.10 Jul, 16:28, Business Insider • Développer
Summary List Placement Private investors have launched a full-court press to invest in the National Basketball Association. This time, on the team many pundits think will win this year''s NBA championship. Dyal HomeCourt Partners, a division of the $53 billion asset manager Blue Owl dedicated to backing NBA teams, on Tuesday bought a stake worth less than 5% in the Phoenix Suns, which valued the franchise at $1.55 billion. The investment comes as NBA teams'' valuations soar on the back of lucrative media deals, sports betting opportunities, and reliable cash sources from long-term sponsorships to stadia naming rights. While billionaires have been the typical cash cow, NBA franchises are now turning to deeper-pocketed institutional money to fuel ball clubs. "The league saw values getting to levels where mere mortals were not likely to be the only investors," Michael Rees, co-president Blue Owl told Insider, adding that valuations were "beginning to outstrip capacity for any one individual who wanted to write a check." Some 250-odd minority owners within the NBA have typically sought buyers through their own sales processes.
Ares Management Corp - Class A (ARES) shares closed today at 1.5% below its 52 week high of $65.65, giving the company a market cap of $10B. The stock is currently flat year-to-date, up 69.9% over the past 12 months, and up 214.0% over the past five years. This week, the Dow Jones Industrial Average rose 0.2%, and the S&P 500 rose 0.4%. Trading Activity Trading volume this week was 3.6% lower than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 0.9. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.MACD, a trend-following momentum indicator, indicates an upward trend.The stock closed below its Bollinger band, indicating it may be oversold. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date is the same as the peer average. The company's stock price performance over the past 12 months lags the peer average by -34.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -420.7% higher than the average peer. This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to email@example.com. © 2020 Kwhen Inc.
RICHMOND, Va.--(BUSINESS WIRE)--Harris Williams, a global investment bank specializing in M&A advisory services, announces it advised Resource Label Group, LLC (RLG), a portfolio company of First Atlantic Capital (First Atlantic) and TPG Growth, on its sale to Ares Management Corporation (NYSE: ARES; Ares). RLG is a full-service provider of pressure sensitive labels, extended content, shrink sleeve and RFID/NFC technology for the packaging industry. The transaction was led by Patrick McNult
Den amerikanska giganten Ares management investerar upp till två miljarder kronor i Gladsheim fastigheter. Pengarna ger Gladsheim finansiell handlingsfrihet för deras investeringar framöver.
US fund manager Ares Management is under offer to buy M&G Real Estates Bridgend Designer Outlet, Property Week understands.
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