Industry News

Swire Properties confirmed Tuesday. In total, WeWork@ Brickell will encompass 62,000 square feet in the tower, set to be complete by the end of the year. Details on the WeWork location and its timeline were not released."/>
WeWork to open four-floor co-working center in Brickell City Centre [The Miami Herald]
Isabella Bank Corporation approved a third quarter 2016 cash dividend of USD0.25 per share on the company's common stock, it revealed on Tuesday. This dividend will be paid on 30 September 2016 to shareholders of record as of 27 September 2016.. Also, the company said that its closing stock price was USD27.75 per share on 24 August 2016 and based on its average stock price of USD27.74 for July 2016, the annual cash dividend yield was 3.60%."/>
Isabella Bank Corporation declares USD0.25 per share dividend for Q3 2016
Housing Development Finance Corporation Ltd is tapping the market again to raise another Rs.500 crore through this instrument. Masala bonds allow an issuer to raise funds in the overseas market without taking on the currency risk typically associated with foreign currency-denominated bonds or loans. The risk lies with the investor and the Indian company can access a wider set of investor base."/>
HDFC's second masala bond issue to open today [Mint, New Delhi]
Will GDP growth see a slowdown in Q1? [Mint, New Delhi]
Express Scripts Holding Co. is rolling out a new program with the goal of lowering the cost of diabetes care for its clients by implementing spending caps. The program, which launches March 1, introduces a multifaceted approach to cut spending-- and makes bold promises to the company's clients, including employers, insurance carriers and government agencies. "We'll pay them back if their costs exceed the cap," Dr."/>
Express Scripts promises clients caps on diabetes spending [St. Louis Post-Dispatch]
IndAS and why the numbers don't add up [Mint, New Delhi]
IL&FS Transportation Networks Ltd will monetize three or four of its mature assets by creating an infrastructure investment trust, a top company official said. The company, one of India's largest build, operate, and transfer road operators, is finalizing plans to launch a trust over the next six to nine months, chief financial officer Dilip Bhatia said in a phone interview. InvITs are trusts which manage income-generating infrastructure assets,..."/>
ITNL planning debt-reduction by InvIT for roads: CFO Dilip Bhatia [Mint, New Delhi]
DLF Ltd, India's largest real estate developer, has shortlisted a few bidders for the sale of a stake in its commercial property arm and expects to receive binding, updated offers once the potential buyers complete due diligence. The realty firm circulated an information memorandum to a number of global and domestic investors in April and received preliminary bids from sovereign pension funds and private equity investors in June. The transaction is critical..."/>
DLF shortlists bidders for stake sale in office portfolio [Mint, New Delhi]
IndAS and why the numbers don't add up [Mint, New Delhi]
Assurant, one of Springfield's largest employers, is a national sponsor of Wounded Warriors Family Support and its High Five Tour. The tour's vehicle, a custom Ford Mustang, came to the Assurant's office. Assurant employees will inscribe messages of support directly on the special patriotic vehicle as it makes its way across America."/>
BRIEF: Wounded Warrior Tour comes to Springfield [Springfield News-Sun, Ohio]
Macy's still plans to close 100 of its stores, the struggling retailer's downsizing will not affect the Christmas shopping you plan to do at any of the department store chain's locations. That's because Macy's won't reveal the stores that will close until after Santa has left that polo, blazer or perfume under the tree. The retailer will announce the majority of the targeted stores by the end of January, spokeswoman Elina Kazan said."/>
Macy's to reveal stores to close in January [The Morning Call (Allentown, Pa.)]
Swire Properties confirmed Tuesday. In total, WeWork@ Brickell will encompass 62,000 square feet in the tower, set to be complete by the end of the year. Details on the WeWork location and its timeline were not released."/>
WeWork to open four-floor co-working center in Brickell City Centre [The Miami Herald]
Rexford Industrial Realty Inc. has acquired an industrial complex in Fullerton for $40 million. Rexford declined to disclose the seller. The complex includes five buildings."/>
BRIEF: Fullerton industrial complex acquired for $40 million [The Orange County Register]
TCP Capital Corp. announced today the pricing of $125 million in aggregate principal amount of 4.625% convertible senior unsecured notes due 2022. The Company has also granted the initial purchasers of the Notes an option to purchase up to an additional $15 million in aggregate principal amount of the Notes to cover overallotments. The closing of the transaction is subject to customary closing conditions and the Notes are expected..."/>
TCP Capital Corp. Prices $125 Million Of 4.625% Convertible Senior Notes Due 2022
Gramercy Property Trust has closed two separate transactions to acquire single-tenant industrial properties in the Chicago MSA aggregating USD 60.2 m, the company said. Located in McCook, Illinois, the first transaction was a 147,923 square foot temperature controlled, food-grade facility constructed in 2012 and leased to one of the largest global suppliers to the food service industry."/>
Gramercy Property Trust Closes USD 60.2m of Acquisitions in Chicago MSA

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