January 10, 2025 12:14 pm
GXO Logistics Inc (NYSE: GXO) said on Thursday that it had signed a long-term partnership with Calliope – a lifestyle brand of the Italian fashion franchise Teddy Group. The contract encompasses warehouse management, e-fullfilment, returns management and value-added services such as labelling and inbound quality control. “We are delighted to sign this partnership with Calliope […]
Read moreJanuary 10, 2025 11:11 am
Constellation Brands Inc (NYSE: STZ), an international producer and marketer of beer, wine and spirits, said on Thursday that its Board of Directors had authorized a quarterly cash dividend of $1.01 per share of common stock. The dividend was kept unchanged from the previous quarterly dividend payment. The dividend will be paid on February 21st […]
Read moreJanuary 9, 2025 9:41 am
Terreno Realty Corporation (NYSE: TRNO), an acquirer, owner and operator of industrial real estate in six coastal US markets, said this week it had sold an industrial property located in Union City, California, for about $16.9 million. The property consists of one industrial distribution building, containing nearly 66,000 square feet on 3.0 acres, which is […]
Read moreJanuary 9, 2025 8:32 am
Marcus & Millichap’s division, IPA Capital Markets, said this week it had secured $174 million in joint venture equity and debt financing for the purchase of 55 Riverwalk Place, a 348-unit multi-family property located in West New York, New Jersey. “The acquisition represents a significant value-add opportunity for the sponsor,” Marko Kazanjian, Senior Managing Director […]
Read moreJanuary 9, 2025 7:35 am
UBS has upgraded Digital Realty Trust Inc (NYSE: DLR) from “Neutral” to “Buy”, as it sees potential for further upside for the stock on the back of continued robust demand for data center services. The investment bank also raised its 12-month price target from $147 per share to $205 per share. “After years of stable […]
Read moreJanuary 6, 2025 11:03 am
The PNC Financial Services Group Inc (NYSE: PNC) said on Friday that its Board of Directors had authorized a quarterly cash dividend of $1.60 per share of common stock. The dividend was kept unchanged from the previous quarterly dividend payment. The dividend will be paid on February 5th to shareholders of record as of the […]
Read moreJanuary 4, 2025 12:54 pm
RTX Corp’s (RTX) Raytheon unit has secured a $946 million contract to supply Romania with additional Patriot air and missile defense systems, the company said on Friday. The contract includes fire units that consist of radars, control stations and missiles, RTX said. “Raytheon is committed to providing Romania with advanced integrated air and missile defense […]
Read moreJanuary 3, 2025 9:17 am
Key Takeaways: Tesla’s China sales reached a record high of over 657,000 cars in 2024, with an 8.8% increase from the previous year. China accounted for 36.7% of Tesla’s global deliveries, making it the company’s second-largest market. The global EV sector is experiencing a slowdown, with China being the only major market seeing robust growth. […]
Read moreDecember 31, 2024 9:38 am
Marcus & Millichap’s division, Institutional Property Advisors (IPA), said on Monday that it had sold La Vista Apartments, a 460-unit multifamily asset in Santa Maria, California, for $116 million. The property is the largest multifamily asset ever sold in Santa Barbara County in terms of number of units and sales price, the commercial real estate […]
Read moreDecember 30, 2024 10:41 am
Arthur J. Gallagher & Co, a global insurance brokerage, risk management and consulting services firm, said on Friday that it had acquired Murray Gardner Insurance Agency Inc, dba BMR Insurance, based in Tustin, California. However, the company did not disclose any financial details of the agreement. BMR Insurance is a retail insurance agency that serves […]
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