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Iovance expects to invest approximately $75 million over three years for equipment and construction of the manufacturing suites. The company expects the new facility at the Philadelphia Navy Yard will be completed in approximately two years.
R&D/advanced manufacturing campus, North Loop 3, located in Harbor Bay Business Park is scheduled for occupancy in spring 2020 with individual buildings ranging from 23,955 square feet to 47,910 square feet.
This is the first apartment development of scale that has been approved by the Town of Danville in decades, which is much needed in one of the East Bay's most supply-constrained communities.
Zynga expects to receive a net cash benefit of approximately $600 million this year from the transaction, in which Zynga will lease back space within the building and remain headquartered in San Francisco.
The long-awaited development responds to the city's long-time goal to revitalize the Morgan Hill downtown area with hotel use and boost tourism with more restaurants and entertainment venues.
The small residential sector includes all single-family rental homes and multifamily properties with 50 units or less, where the majority of US residents reside, or a staggering 87% of all long-term rental units.
Last month, Brightmark closed a $260-million financing package for the construction of the plant, which includes $185 million in Indiana green bonds, which were underwritten by Goldman Sachs & Co.
The Panhandle, located in North Natomas, north of Del Paso Road and south of Elkhorn Boulevard, is the last urban residential in-fill area within the city limits and identified in Sacramento's new growth area.
CleanFund's first 144A securitization of C-PACE assets was recognized on a number of fronts including the AAA rating it achieved for class-A notes, which were backed by a pool of $115 million assets.