Sunday, February 23

Tag: Construction

Why It Took 17 Years to Build 49 Housing Units in Los Angeles
13Dec By adminNo Comments
World

Why It Took 17 Years to Build 49 Housing Units in Los Angeles

Listen to article(2 minutes)A Los Angeles nonprofit was given government land in January 2007 to build a few dozen units of affordable housing. They’re finally hoping to open the building next year. Lorena Plaza, a 49-unit development rising in the predominantly Latino neighborhood of Boyle Heights in eastern Los Angeles, is taking longer to complete, a city official said, than practically any other residential building this size in the history of Los Angeles. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Chinese Leaders Vow to Step Up Support for Flagging Economy
12Dec By adminNo Comments
World

Chinese Leaders Vow to Step Up Support for Flagging Economy

Chinese leaders vowed to increase government spending and monetary support for the economy at an annual gathering, signaling they plan to stick with a measured approach to stimulus despite calls for bolder action. The Central Economic Work Conference, which ended Tuesday, capped a bruising year for the country’s economy, which has struggled with a drawn-out housing crunch and weak consumption.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Investcorp Joins Corsair’s $4.8 Billion Infrastructure Business
11Dec By adminNo Comments
World

Investcorp Joins Corsair’s $4.8 Billion Infrastructure Business

Dec. 11, 2023 7:00 am ET|WSJ ProInvestcorp has acquired a half-interest in Corsair Capital’s nearly $5 billion infrastructure business, injecting the Bahrain-based firm into a global industry and giving Corsair a capital boost as sheer heft becomes increasingly important in attracting institutional investors to new funds.New York-based Corsair, which also makes buyout investments, managed $9.6 billion at the end of September, including $4.8 billion in infrastructure assets mostly in transportation and logistics. Among those holdings is management company Vantage Airport Group, which helped build the new Terminal B at New York’s LaGuardia Airport and is working on another at John F. Kennedy International Airport.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856...
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Australian Builders Reject Moves to Sting Foreign Investors in Housing
11Dec By adminNo Comments
World

Australian Builders Reject Moves to Sting Foreign Investors in Housing

Updated Dec. 10, 2023 9:09 pm ETSYDNEY—Australian home builders have rejected federal government plans to sharply increase penalties on foreign investors in the housing market, saying the measures will further erode new home supply, not add to it.Treasurer Jim Chalmers announced Sunday that foreign investors who buy established homes will face a tripling in government fees, which will increase further if the home is left vacant.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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The Megafactories Are Coming. Will the Workers Show Up?
10Dec By adminNo Comments
World

The Megafactories Are Coming. Will the Workers Show Up?

By John Keilman | Photos by Maddie McGarvey for The Wall Street Journal COLUMBUS, Ohio—Enormous factories are sprouting outside of this capital city. Now comes the hard part—finding people to work in them.Manufacturing jobs are tough to fill around Columbus, which has one of Ohio’s lowest unemployment rates and a flourishing logistics industry that competes for the same employees. The region’s plants have thousands of open positions, a shortage that is causing some managers to join their workers on the production line.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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The Buffalo AKG Art Museum’s Collection in a New Context
9Dec By adminNo Comments
World

The Buffalo AKG Art Museum’s Collection in a New Context

Buffalo, N.Y.This city’s location—only 65 miles on a beeline from Toronto but at a distant midpoint between New York and Cleveland—makes it a bit off the beaten track. Nevertheless, its symphony orchestra and a tri-partite performing arts center (lingering criticisms of too conservative a repertoire aside) give Buffalo an outsize heft in the arts. The city’s most prominent cultural institution is the venerable Albright-Knox Art Gallery, the sixth-oldest public art institution in the country, founded more than 160 years ago. Following a major renovation and expansion, it reopened this summer with a new name, the Buffalo AKG Art Museum (the G here stands for museum patron Jeffrey Gundlach, a billionaire bond investor who was born in nearby Amherst, N.Y., and lives in Los Angeles). Copyright...
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Gaza Fighting Hits Historic Mosque as Battles Rage
9Dec By adminNo Comments
World

Gaza Fighting Hits Historic Mosque as Battles Rage

Listen to article(2 minutes)Israeli soldiers clashed with Hamas militants in the narrow streets of some of Gaza City’s oldest and most crowded neighborhoods, with blasts severely damaging a large seventh-century mosque and setting some residential buildings ablaze.The Israeli military on Saturday instructed the remaining residents of the Old City, Jabalia refugee camp and the Shujaiyeh and Zaytoun areas to evacuate to areas to the west. The United Nations said intense fighting in Jabalia and eastern neighborhoods of the city encompassed 11.5 square miles, affecting an undefined number of residents after hundreds of thousands fled south.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Blackstone, Digital Realty Team Up to Develop $7 Billion in Data Centers
7Dec By adminNo Comments
World

Blackstone, Digital Realty Team Up to Develop $7 Billion in Data Centers

Investment giant Blackstone and Digital Realty, one of the world’s largest data-center companies, are creating a new venture to develop $7 billion in data centers that will target the largest providers of online content, cloud services and artificial intelligence.The venture plans to develop 10 data centers on four campuses in Frankfurt, Paris and northern Virginia over the next five or six years, the companies said. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Atomic Power Is In Again—and China Has the Edge
7Dec By adminNo Comments
World

Atomic Power Is In Again—and China Has the Edge

SINGAPORE—China became the first country to put the latest evolution in civilian nuclear technology into use, placing it at the cutting edge of atomic power just as climate change is bringing nuclear plants back into vogue. With soaring global temperatures and concerns about climate change casting a renewed spotlight on nuclear as a low-carbon power source, China said Wednesday that the first-ever fourth-generation nuclear power plant began commercial operation in the eastern province of Shandong following seven days of continuous operation. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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San Francisco Is Building to Bring Residents Back
6Dec By adminNo Comments
World

San Francisco Is Building to Bring Residents Back

Real-estate developers are launching a series of residential projects in San Francisco, responding to new efforts by the state and city to create more housing in one of the country’s most expensive places to live. In what would be the city’s most ambitious residential development in several years, local property developer Bayhill Ventures last month announced plans for a 71-story rental tower in San Francisco’s ailing financial district. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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