The board of trustees at Pennsylvania State University has approved a plan to close seven of its campuses after the spring of the 2026-27 academic year while continuing to invest in the 13 remaining locations. The board voted 25 to 8 to close the DuBois, Fayette, Mont...
OpenAI is partnering with the United Arab Emirates (UAE) firm G42 to construct a 1-gigawatt artificial intelligence (AI) data center in Abu Dhabi. The new project, dubbed Stargate UAE, will be OpenAI’s first data center project outside of the United States. The first...
A pair of new real estate-focused book have been released, one highlighting Section 1031 Exchanges and the other offering strategies for selling commercial properties. Louis J. Rogers, founder and co-CEO of Capital Square, has authored the new “Section 1031 Exchanges:...
Tempus Realty Partners, an Arkansas-based real estate investment partnership, has acquired a Class A+ office and retail property in Pittsburgh’s Strip District for $43.75 million. Originally constructed as a warehouse, the property covers 94,580 square feet of...
Elchonon “Elie” Schwartz, the CEO of the commercial real estate investment firm Nightingale Properties, was sentenced to 87 months in prison for conducting a fraud scheme that siphoned $62.8 million from more than 800 investors. Schwartz solicited investments through...
Paramount Group Inc. (NYSE: PGRE), a real estate investment trust focused on New York City and San Francisco office properties, announced that its board of directors has begun a review of what it described as “a review and evaluation of strategic alternatives to...
