By Staff report | PUBLISHED: December 21, 2018 at 9:01 am | UPDATED: December 21, 2018 at 9:02 am Costa Mesa-based The Mogharebi Group has completed the sale of Citrus Court, a 138-unit apartment complex in Whittier. Terms were not disclosed. Alex Mogharebi and Otto Ozen of TMG represented the Orange County-based seller and the East Coast-based buyer. (Courtesy of TMG) TMG has completed the $9,360,000 sale of Villa Plaza in Ontario, a 66-unit community on West 4th Street. The buyer was a private investment group out of the San Gabriel Valley. Bryan LaBar, Otto Ozen, and Alex Mogharebi of TMG represented both the seller, a San Diego-based private investor and the San Gabriel Valley buyer. (Courtesy of TMG) SoundThe gallery will resume insecondsExecutive vice president David Knowlton with NAI Capital’s Investment Services Group completed the $3,150,000 sale of a 14,150-square-foot manufacturing facility in Orange. David represented the seller, Ronnie Carroll Tipton & Paula … [Read more...] about Real estate news: Mogharebi Group closes sale of two apartment complexes
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By News service reports | PUBLISHED: November 20, 2018 at 3:39 pm | UPDATED: November 20, 2018 at 3:42 pm Two private equity owners of the iconic Toys R Us toy chain have set up a $20 million hardship fund for the thousands of former workers left jobless and without severance after the chain was liquidated in June. KKR and Bain Capital announced Tuesday the creation of the fund aimed at helping the 30,000 workers affected by the store closures, a move that followed efforts by worker-backed groups. The fund wasn’t legally required, and the groups call it an “unprecedented” step toward helping families caught up in the store closures and bankruptcies that have roiled the fast-changing retail industry. Workers are pushing to get an additional $55 million they believe they’re owed and are looking to other firms that had a stake in Toys R Us and that they believed played a role in the chain’s demise. “This is an amazing first step, but the goal is to … [Read more...] about Business briefly: Former Toys R Us workers to get $20M in hardship fund
Leta Capital launched its second fund in autumn 2017, and fully subscribed the whole thaget size. The capital under management of the second fund is 50M USD. MOSCOW, RUSSIA, October 31, 2018 /EINPresswire.com/ -- Leta Capital (www.leta.vc) launched its second fund in autumn 2017, and just fully subscribed the whole target size. The capital under management of the second fund is 50 million USD. The second fund’s strategy follows the paradigm, "software is still eating up the world, and there is still a lot to be eaten", inspired by the thesis of the famous essay by the American venture capitalist Mark Andreessen, published in 2011. Leta Capital believes that despite the rapid development of new IT technologies, as well as a greater focus on users, the penetration of actual use of excellent and effective IT solutions in the world is far from saturated. Complex legacy systems and generic solutions like Excel dominate in many spheres of business and life; moreover, “pen … [Read more...] about Leta Capital has raised a second 50 million USD fund.
Total value of world’s largest 300 pension funds rises by 15.1% in 2017 ARLINGTON, Va., Sept. 04, 2018 (GLOBE NEWSWIRE) -- Assets under management (AUM) at the world’s largest pension funds increased in value by 15.1% in 2017 to reach a total of $18.1 trillion, a significant increase from the 6.1% growth achieved in 2016, according to the latest global 300 research from Willis Towers Watson’s Thinking Ahead Institute. The research shows the top 20 funds account for 41.1% of the AUM in the ranking, marking a slight increase from 40.3% in the previous year. /EIN News/ -- Emerging markets have become more prominent in the rankings in recent years, with the Employees’ Provident Fund (India) as a new entrant into the top 20 in 2017. A total of four new entrants from emerging market countries entered the top 20 over the last 10 years — three from Asia and one from Africa. “The increased number of the largest funds originating from emerging market … [Read more...] about Emerging market pension funds grow in prominence on the world stage
AUGUSTA — Hoping to capitalize on voters’ frustration over growing polarization in politics, a group fueled partly by so-called dark money plans to spend $3 million this year to elect independents. But some free-spirited lawmakers are declining its help. Unite America, formerly known as the Centrist Project, is endorsing and providing polling for independent gubernatorial and legislative candidates in Maine and across the country.It’s time state legislatures and governor’s mansions reflect the increasing proportion of U.S. citizens identifying as independents, said the group’s spokesman, Nick Troiano. Polls suggest about four in 10 U.S. adults identify as independent; in 2000, fewer than three in 10 did so. “Independents are independents because they won’t want to be told what to do or what to think,” he said. But some independent candidates are reluctant to accept the support because they distrust influence by any outside special … [Read more...] about Group that receives ‘dark money’ plans to provide funding to independent candidates