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Dubais Safanad Establishes $1.3 Billion U.S. Suburban Office Investment Platform

2016-10-10 14:39:00| National Real Estate Investor

Mark Heschmeyer Safanad Ltd., a Dubai-based global investment firm, in a strategic partnership with Workspace Property Trust, a real estate investment firm led by CRE veterans Thomas Rizk and Roger Thomas, and Square Mile Capital, a diversified real estate investment firm, completed their acquisition of 108 buildings and 26.7 acres of land, in five markets from Liberty Property Trust (NYSE: LPT) for $969 million. read more

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Consumer spending on VR to hit $3.3 billion by 2020

2016-10-06 12:30:34| Digital TV News

Aggressive promotional activity from smartphone vendors and the launch of premium smartphone VR solutions will help drive the installed base of VR headsets from 4 million in 2015 to 81 million in 2020, according to IHS Markit.

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Concho acquires Midland Basin assets from Reliance Energy for $1.625 billion

2016-10-06 01:00:00| Hydrocarbons Technology

US-based Concho Resources has completed its previously announced acquisition of about 40,000 net acres in the core of the Midland Basin from Reliance Energy in a transaction worth approximately $1.625 billion.

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Annual VR hardware revenues to pass $50 billion by 2021

2016-10-04 16:00:34| Digital TV News

A Juniper Research study has found that hardware revenues from VR (Virtual Reality) headsets, peripherals and 360° cameras will reach over $50 billion by 2021, up tenfold from an estimated $5 billion in sales this year.

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North Carolina Utilities Commission approves Duke Energy's acquisition of Piedmont for $4.9 billion

2016-10-04 01:00:00| Hydrocarbons Technology

US-based North Carolina Utilities Commission (NCUC) has approved Duke Energy's proposed acquisition of energy services company Piedmont Natural Gas for $4.9 billion.

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