Vanguard to roll out actively-managed commodities fund
Just a year after saying their complexity made it difficult to use them as a broader investment strategy, Vanguard Group announced plans to roll out its first commodities fund.
The low-cost Vanguard Commodity Strategy Fund is expected to launch in June after the Malvern-based investment management giant filed a preliminary registration statement with the SEC.
The company said the aim for the actively managed product is to outperform the Bloomberg Commodity Total Return Index by investing in commodity-linked…
Houston-area bank goes shopping in Beeville
Spirit of Texas Bancshares Inc., the Houston-area holding company of Spirit of Texas Bank, recently acquired South Texas-based First Beeville Financial Corp., which does business as The First National Bank of Beeville.
Spirit of Texas Bank (Nasdaq: STXB) is expected to have the Beeville bank legally converted by the middle of August. The move gives the Conroe-based bank access to San Antonio and Corpus Christi.
The deal was worth $63.7 million in cash and stock, involving about 1.6 million shares…
To purge some of social media’s ugliness, an unlikely lesson from Wall Street
A simple rule that bolsters the banking system — “know your customer” — could help combat fake news and hate speech online if companies like Facebook and Twitter embraced it.
Breaking the Silence: Construction workers are at high risk for suicide. Here’s what the industry is doing about it
This story is part of a statewide media reporting project called Breaking the Silence, designed to highlight the public health crisis of death by suicide and examine how prevention can and does work. Scroll down for more information on the project, and visit the Breaking the Silence website to view all the stories.
A year after Johnathan Woolworth started a construction company with no experience in the field, he landed a big job — a $500,000 contract with the Army Corps of Engineers to replace…
Industrial report: KC remains a spec, not build-to-suit, market
The Kansas City industrial market had a promising first quarter that indicates another strong year may be ahead.
According to research by CBRE, the market delivered 1.3 million square feet of industrial space in the first three months. Of that, 82 percent was was built on a speculative basis, meaning it was constructed without a specific tenant in mind.
Joe Orscheln, a vice president in CBRE's Kansas City office who specializes in industrial, said the market is on the same pace it was at this time…
Texas Neurology signs on for space near Mockingbird Station
Texas Neurology, a diagnostic patient care practice for patients with neurological disorders, has signed a 15-year lease for more than 40,000 square feet on the first floor of 6080 NCX, a four-story office building in Dallas.
Mike Gosslee, senior director at Cushman & Wakefield (NYSE: CWK), represented Texas Neurology in their property search and negotiation.
The new location will give the practice better access to its satellite locations in Richardson, University Park and East Dallas while…
Atlanta buyer, John Rich snag entire block of Broadway with sky-high price
The real estate investor in the partnership has now spent nearly $100 million on Lower Broadway real estate in less than five years. “We continue to aggressively expand our footprint in Nashville and continue to look for more opportunities to acquire,” he said.
As Victory Center goes, so goes the neighborhood
Alexandria officials and nearby property owners are hopeful the pending sale of Victory Center will set the stage for a larger revitalization of the city's Eisenhower Avenue corridor.
The 606,921-square-foot building is a half-mile from the Van Dorn Metro station, in a part of the city long eyed for job-creating office uses. Alexandria Mayor Justin Wilson said he is encouraged that Stonebridge Associates will pursue prospective tenants including federal agencies rather than moving to repurpose or…
Here are the San Francisco landlords courting Levi’s HQ
Levi's Plaza is on the market, and landlords are watching the namesake retailer closely in case it decides to move.
WeWork eyes Columbus location
Another major coworking brand appears to have its eyes on Columbus as part of a larger wave of expansion into mid-sized U.S. cities.
WeWork has listed Columbus as “coming soon” on its website. The New York-based network of coworking spaces has not indicated if it has secured space in the market or where it might be looking. The company did not respond to a request for comment regarding its plans.
WeWork has has launched locations in more than 100 cities and 27 countries and continues to scale…