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$ESS said that it has disposed off Sharon Green Apartments in Menlo Park, CA for a price of $245MM. The Company plans to redeploy a substantial portion of the proceeds into new acquisitions & has entered into agreements to acquire two properties for $166MM in downtown LA and San Jose, CA. $ESS expects these acquisitions to close before year-end.
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.