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SANTA BARBARA COUNTY, Calif. – The Santa Barbara County Grand Jury released a report of its findings about local water resources Friday. The investigative body found that while water is a finite local resource with unique collection and distribution challenges, each entity tasked with providing water across the county has made notable proactive plans to prepare for potential droughts and increased demands from future population growth. Additionally, the 2024-2025 Grand Jury found that coordination amongst county-wide water management groups, "has improved significantly" since a 2016-2017 Grand Jury finding that limitations...

The 35,616-square-foot building that’s home to a Tesla Collision Center in Irvine sold May 28 for $21 million. SRS Real Estate Partners said Tesla has a 10-year triple net lease with options to extend at 18011 Mitchell South. The seller was North Palisade Partners, a Los Angeles-based developer. The buyer, Np Mitchell LLC, was represented by Costa Mesa-based Tidemark Real Estate. SRS Capital Markets Senior Vice President Pat Weibel said the property offered up a well-known tenant in “an affluent demographic base in the heart of Orange County, on the border...

The Public Sector Pension Investment Board, Montreal, returned a net 12.6% for the fiscal year ended March 31, above the benchmark return of 11.1%, said a June 13 release. For the five and 10-year periods, PSP returned a net annualized 10.6% and 8.2%, respectively, compared with corresponding benchmark returns of 9.4% and 6.9%. Net assets under management reached C$299.7 billion ($209.3 billion), up from $264.9 billion at the end of the prior fiscal year). In fiscal 2024, PSP delivered a net return of 7.2%. By asset class, the one-year top...

A Bridge Investment Group subsidiary has secured a $354.6 million loan to refinance a portfolio of 24 industrial assets, spanning more than 2.4 million square feet across six states, Commercial Observer can first report.   Invesco Commercial Real Estate Finance Trust (INCREF), the private credit real estate investment trust owned by Invesco Real Estate, provided the financing to Bridge Logistics Properties, a real estate investment manager under the umbrella of its $49 billion alternative asset management parent firm. SEE ALSO: How Public-Private Partnerships Drive New York City’s Big Projects The loan carries...

In early May, Warren Buffett, the “Oracle of Omaha” and GOAT (greatest of all time) of investing, announced to his board that he would be stepping down as CEO of Berkshire Hathaway on the last day of 2025. Despite Buffett being 94 years old and his intention to remain as chairman of the board, it was a shock to all. The man has run the investment company for 60 years. Advertisement: High Yield Savings Offers Powered by Money.com - Yahoo may earn commission from the links above. Read Next: Warren...

Powell tells GlobeSt.com that both domestic and foreign investors are searching for deals that "pencil"—that is, transactions that can withstand the scrutiny of investment committees in today’s volatile environment. Recent trade policy changes have amplified uncertainty, particularly for development projects, as fluctuating costs for materials and labor make it difficult for investors to commit to new ventures. “These trade policy changes have made the market more uncertain for development deals in particular, you know, uncertainty around costs for materials and labor, they've resulted in clients not wanting to risk new...

Unlike speculative tokens with vague use cases, Ruvi AI focuses on solving real-world problems in industries like marketing, entertainment, and finance. Using AI-enhanced tools, Ruvi AI is redefining what blockchain can achieve.For instance, in marketing, businesses are leveraging Ruvi AI to analyze large data sets, enabling precise, real-time targeting and campaign optimization. This technology streamlines marketing strategies, saving time and improving ROI. Meanwhile, Ruvi AI’s contributions to the entertainment industry are equally groundbreaking. Personalized content delivery, efficient digital payments, and streamlined production processes bring value to both creators and their...

Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldThis article is an on-site version of our Unhedged newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday. Standard subscribers can upgrade to Premium here, or explore all FT newslettersGood morning. Israel carried out multiple strikes on Iran last night. At the time of writing, oil prices are up more than 7 per cent, and US stock futures are down sharply. It’s too early for...

LEXINGTON, KY - The University of Kentucky Board of Trustees on Thursday began consideration of proposed investments of up to $110 million in UK Athletics facilities over the next few years. The proposed investments — to be reviewed by the Board’s Athletics Committee Thursday before going to the full Board of Trustees on June 13 — are part of a new governing model and operating structure for UK Athletics, designed to grow revenues in anticipation of a new era in which student athletes can receive compensation in addition to their...

LEXINGTON, Ky. — The University of Kentucky Board of Trustees on Thursday began consideration of proposed investments of up to $110 million in UK Athletics facilities over the next few years. The proposed investments — to be reviewed by the Board’s Athletics Committee Thursday before going to the full Board of Trustees on June 13 — are part of a new governing model and operating structure for UK Athletics, designed to grow revenues in anticipation of a new era in which student athletes can receive compensation in addition to their...