The developer building Facebook Inc.’s new waterfront office hub just south of San Francisco has gotten $515 million of financing for the project, which will house the technology giant’s Oculus virtual reality arm.
Leucadia Asset Management, an arm of Jefferies Financial Group Inc., is backing a new investment firm led by former Blackstone Group LP and Carlyle Group LP executives that will buy stakes in middle-market private equity, real estate, infrastructure, hedge fund, private credit and venture capital companies.
San Francisco property owners must now register a vacant storefront within 30 days or face a $2,844 fine, reports the San Francisco Chronicle. Chicago’s Board of Trade building is going on the market, according to Crain’s Chicago Business. These are among today’s must reads from around the commercial real estate industry.
