Inland Institutional Capital Partners, Oak Brook, Ill., has announced the negotiation of a $125 million investment in Cobalt Industrial REIT II on behalf of Inland American Real Estate Trust Inc.The Cobalt real estate investment trust intends to make approximately $1 billion of industrial property acquisitions and developments in major U.S. metropolitan markets over the next 30 months, Inland said. Cobalt is a private REIT advised by Cobalt Capital Partners LP, Dallas. Inland Institutional Capital is a part of The Inland Real Estate Group of Companies, which can be found online at http://www.inland-american.com.
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The Federal Deposit Insurance Corp. issued proposals Thursday that would reduce planning requirements for big banks and slash deposit insurance prices, citing the financial health of the Deposit Insurance Fund.
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Christopher Phelan, President Donald Trump's nominee to chair the Council of Economic Advisers, declined to directly answer questions about recent inflation data and the effects of tariffs on consumers during a Senate confirmation hearing Thursday.
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Federal Reserve Vice Chair for Supervision Michelle Bowman said Thursday morning that the central bank recently finalized a new organizational structure for its supervision and regulation division.
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