On Wednesday, Shares of Chambers Street Properties (NYSE:CSG), gained 0.26% to $7.59.
Chambers Street Properties declared it has executed three office lease renewals.
This comprised of an early renewal and 12-year lease extension with Nuance Communications, Inc. for all 200,605 square feet at the Company’s One Wayside Road office property, extending the planned lease expiration through 2030. This lease extension will result in an enhance in the property’s straight-line rent. Nuance Communications is a world leader in speech recognition software. One Wayside Road is a Class A office building located in Burlington, MA on Route 128 directly across from the Burlington Mall.
Chambers Street also signed an early lease renewal and extension for an additional 12-year, six month term with Royal Caribbean Cruises, LTD. (“Royal Caribbean”) for all 128,540 square feet at the Company’s Miramar II building, extending the planned lease expiration to 2028. This lease extension will result in an enhance in the property’s straight-line rent. Royal Caribbean is the world’s largest global cruise line. Miramar II, located in Fort Lauderdale, Florida, is a Class A office building that sits adjacent to FL Route 75 at the Miramar Parkway exit.
Chambers Street Properties is a equity real estate investment trust. The firm invests in the real estate markets of United States, United Kingdom, and Germany. It focuses on acquiring, owning and operating the properties.
Shares of CME Group Inc (NASDAQ:CME), declined -1.08% to $97.23, during its last trading session.
CME Group has presented one-time scholarships totaling $50,000 to the Illinois State Fair’s Grand Champion student exhibitors. CME Group Executive Chairman and President Terry Duffy presented the surprise scholarships of $5,000 to each student exhibiting Grand Champion livestock at last night’s Governor’s Auction of Champions and will be used for each student to further their education.
“These scholarships are just another way to show our support for the future farmers and ranchers in Illinois who are vital to our state, the national economy, and play an important role in feeding the world,” said Duffy. “The talent and commitment of the students participating in 4-H and competing at these fairs is impressive. And at CME Group, we are honored to assist them further their education.”
CME Group Inc., through its auxiliaries, operates contract markets for the trading of futures and options on futures contracts worldwide. It offers a range of products for trading and/or clearing across various asset classes, based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, and metals.
At the end of Wednesday’s trade, Shares of Forest City Enterprises, Inc. (NYSE:FCE.A), lost -0.91% to $22.98.
QIC, declared that it has attained The Shops at Tanforan shopping center in the San Francisco Bay area of San Bruno, California. QIC attained the about 970,000 square foot shopping center for a purchase price of US$174.4 million on behalf of a major Australian client.
The acquisition, which represents QIC’s first 100 percent owned U.S. property, further cements the firm’s U.S. platform, and is a natural next step from QIC’s two-year U.S. real estate joint venture with Forest City Enterprises, Inc. (NYSE:FCE.A and FCE.B) of eight, high-quality retail assets. QIC is a global diversified alternatives investment firm offering real estate, infrastructure, private equity, liquid strategies and multi-asset investments, and one of Australia’s largest institutional investment managers.
The Shops at Tanforan is the tenth U.S. retail property QIC has invested into on behalf of its Australian clients over the last 18 months. Earlier this year, QIC assisted Australian Super – one of Australia’s largest pension funds – to acquire a 25 percent stake in Honolulu’s Ala Moana Centre for about US$1.1 billion.
Forest City Enterprises, Inc. acquires, owns, develops, and manages commercial and residential real estate and land in the United States. The company’s Commercial group acquires, owns, develops, and operates regional malls, specialty/urban retail centers, office and life science buildings, and mixed-use projects, in addition to operates Barclays Center, a sports and entertainment arena located in Brooklyn, New York. Its Residential group acquires, owns, develops, and operates residential rental properties, counting upscale and middle-market apartments and adaptive re-use developments, in addition to develops and manages military family housing.
Finally, UBS Group AG (USA) (NYSE:UBS), ended its last trade with -0.68% loss, and closed at $22.05.
UBS Investment Bank, declared coupon payments for twelve ETRACS exchange-traded notes, all traded on the NYSE Arca.
Due to the monthly coupon payment plan of these ETNs, “Current Yield (annualized)” equals the sum of the most declared Coupon Amount and the two right away preceding Coupon Amounts, multiplied by four (to annualize such coupons), divided by the closing price of the ETN on its current Coupon Valuation Date, or, if the closing price is not available on that date, then the previous available closing price, and rounded to two decimal places for ease of analysis. The Current Yield is not indicative of future coupon payments, if any, on the ETN. You are not guaranteed any coupon or distribution amount under the ETN.
UBS Group AG, together with its auxiliaries, provides wealth administration, retail and corporate, asset administration, and investment banking products and services worldwide.
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