Infrastructure company to decide whether to leave Catalonia

The Abertis Group, a toll-managing company whose U.S.-based subsidiary Emovis manages Rhode Island’s Newport Pell Bridge tolls, will discuss whether to move its offices in response to last week’s Catalonia’s independence referendum, according to Reuters. The potential office move comes as Catalonia’s parliament mulls over declaring independence from Spain; Abertis’ board meets tomorrow to decide […]

Blackstone strikes biggest European RE deal of 2016 with $3.6B OfficeFirst buy

In Europe’s largest property deal this year, private equity giant Blackstone Group has agreed to pay $3.6 billion for OfficeFirst, the real estate subsidiary of Germany’s IVG Immobilien AG. Last month, IVG — which is one of Germany’s largest property companies — gave up on an initial public offering of OfficeFirst because of investor concerns […]