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Real estate investment trust $AIV said it completed the acquisition of Indigo in Redwood City, California for $320MM. Indigo is a ten-story luxury community of 416 well-appointed apartment homes. Indigo also offers 47 penthouse level units and the community is currently 27% leased.
$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.