On Friday, Shares of Blackstone Group LP (NYSE:BX), gained 0.32% to $34.12. 3.69 million shares of the company were exchanged.
Blackstone (BX), KKR (KKR), The Carlyle Group (CG) and TPG will jointly host the inaugural Veterans Initiative Summit to support the hiring of American veterans across private equity portfolio companies. The two-day summit will focus on how portfolio companies held by investment funds sponsored by these companies can attract, retain, and promote veterans, improve business operations and support communities.
Investing on behalf of more than half of the public pensioners in the United States, the private equity industry represents hundreds of companies and millions of employees. The summit is designed to bring these firms and their portfolio companies together to promote the sharing of best practices, identify gaps and opportunities in veteran hiring processes, and energize leaders across private equity firms and portfolio companies as they continue to focus on these important issues.
In addition to human resources executives from across the partner firms’ collective 200+ U.S.-based portfolio companies representing more than 1.2 million domestic employees, the summit will feature dynamic and informative speakers counting First Lady Michelle Obama, Senator John McCain, Joining Forces Executive Director Colonel Nicole Malachowski, Carry The Load Co-Founder Clint Bruce, Deputy Under Secretary for Economic Opportunity at the U.S. Department of Veterans Affairs Curtis Coy, Army Vice Chief of Staff General Daniel B. Allyn, President of Hiring Our Heroes and Vice President of the U.S. Chamber of Commerce Eric Eversole, President and CEO of Taylor Morrison Home Corporation Sheryl Palmer, Director of the Military Service Initiative at The Bush Institute Colonel Miguel Howe, and Principal Deputy Assistant Secretary of Defense at the U.S. Department of Defense Stephanie Barna.
The Blackstone Group L.P. is a publicly owned investment manager. The firm also provides financial advisory services to its clients. It provides its services to public and corporate pension funds, academic, cultural, and charitable organizations. The firm manages separate client focused portfolios.
Shares of Kimco Realty Corp (NYSE:KIM), declined -1.01% to $25.45, during its last trading session.
In the last trading session, the stock moved on low volume, trading at a volume of 3.64 M as compared to its average daily volume of 3.69 million shares.
Kimco Realty Corp. (KIM) declared that the company’s transaction activity for the third quarter of 2015 totaled more than $245 million. Subsequent to the third quarter, Kimco attained the remaining 85% ownership interest in a Houston power center for a gross price of $64 million, and also accomplished the sale of its ownership interests in 19 shopping centers in Canada to RioCan Real Estate Investment Trust (REI-UN.TO) for CAD $477 million.
Third Quarter Activity:
Acquisitions:
- As formerly declared, Kimco attained the remaining 80% ownership interest in Montgomery Plaza, a 465,000-square-foot power center located in the Dallas-Fort Worth-Arlington MSA, from RioCan for $58.3 million based upon a gross value of $72.9 million.
- The company also opportunistically attained a parcel adjacent to its flagship Suburban Square (Ardmore, Pa.) shopping center for $1.9 million.
Subsequently in October, Kimco exited another institutional joint venture by acquiring a partner’s 85% ownership interest in Conroe Marketplace (Houston-The Woodlands-Sugar Land MSA), a 289,000-square-foot power center, for $54.4 million based on a gross value of $64.0 million. The 98-percent-leased shopping center is anchored by strong national tenants such as TJMaxx, Ross Dress for Less, Bed Bath and Beyond, Ashley Furniture HomeStore, PetSmart, Old Navy and Ulta.
Kimco Realty Corporation is an independent real estate investment trust. The firm invests in the real estate markets across North America. It is primarily engaged in acquisitions, development, and administration of neighborhood and community shopping centers.
At the end of Friday’s trade, Shares of McDermott International (NYSE:MDR), inclined 3.78% to $5.22.
It traded in a range of $5.00 and $5.24, exchanging hands with 3.55 million shares.
McDermott International, Inc. (MDR) declared it has been awarded a sizeable brownfield project by Qatar Petroleum for the engineering, procurement, construction and installation (EPCI) of four wellhead jackets.
Installation of two jackets in the Bul-Hanine field offshore east of Doha has been planned to be accomplished by December 2016 with the remaining two planned for completion in July 2017. The total weight of all four structures combined is 3,495 tons.
McDermott has been delivering projects in Qatar for more than 40 years. Detailed design engineering and procurement is predictable to be performed by McDermott’s teams in Dubai, U.A.E. Jackets are planned for fabrication by McDermott’s Dubai, U.A.E.-based fabrication facility. Vessels from the McDermott global fleet are planned to undertake the installation work.
McDermott International, Inc. operates as an engineering, procurement, construction, and installation company worldwide. The company operates through three segments: Asia Pacific, Americas, and the Middle East. It focuses on designing and executing offshore oil and gas projects.
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