Founder steps down from Houston’s biggest health care PE firm
Currently, the firm has more than $3 billion in assets across three funds.
L.A. fintech startup Tala raises $65 million to expand mobile micro loans
Ten dollars doesn’t sound like a lot of money in the U.S. You might lend 10 bucks to a friend for lunch and not bat an eye.
But it can make a world of difference to small-business owners in markets such as Kenya.
Fintech startup Tala launched its mobile lending app in that African country in 2014 and, with expansions to Tanzania, the Philippines and Mexico, has delivered more than 6 million loans to nearly 1.3 million customers totaling $300 million.
Now the Silicon Beach company has raised…
Chicago investment advisor gets 12 years in prison for defrauding elderly
A Chicago investment advisor will spend more than 12 years in prison for stealing $5.2 million from clients, including his own in-laws.
Daniel Glick, 65, was found guilty of stealing from clients and financial institutions from 2011 to 2017, according to the U.S. Attorney’s Office of the Northern District of Illinois.
The Orland Park, Illinois-based advisor used some of the ill-gotten cash on a mortgage and a luxury car, prosecutors said.
U.S. District Judge Robert W. Gettleman sentenced Glick…
Bank on Buffalo picks downtown landmark for HQ
Less than two years after its launch Bank on Buffalo has announced it will place its regional headquarters at the Electric Tower on Washington Street.
Company officials confirmed plans to settle into the landmark structure with plans to renovate space on the seventh floor to accommodate executive offices, a boardroom, and space for staff and other operations. The bank will use some 15,000 square feet and expects it to be ready by fall.
The bank opened its first office at the Electric Tower with…
UBS expanding private wealth capabilities in Pittsburgh
“This is us putting our stake in the ground.”
EXCLUSIVE: Why this Ohio company picked the Louisville area for its 600-job project
The firm could be operational by late May.
Stellar Group completes construction of Faribault Foods facility
The Jacksonville-based international construction company, Stellar, has recently completed construction on a 636,000-square-foot facility for Faribault Foods, a subsidiary of La Costeña.
The facility, part of a $100 million expansion of the Faribault Foods campus in Minnesota, opened in September.
Faribault Foods said in a release that it was recording “unprecedented manufacturing efficiencies” due to the new bean-processing facility. The canned foods producer is known for brands such as Sun Vista,…
Regency Centers CEO: Death of brick and mortar retail is ‘greatly exaggerated’
Instead, retail’s future depends on investing in customer experience, bringing in high-quality retailers to shopping centers and integrating technology into the business model.
South Carolina auto group buys prominent Dayton dealership
Dayton's sole Lexus dealership has a new owner in a South Carolina auto group.
Hudson Automotive Group will be entering the Ohio market for the first time with the $10 million property purchase of Lexus of Dayton, located at 8111 Yankee St. in Washington Township. The deal closed April 16, according to Montgomery County property records.
The buyer is listed as Hudson Dayton Real Property Acquisition LLC, which shares a mailing address with the corporate office of Hudson Automotive Group in Charleston,…
Exclusive: Nearly 100-year-old downtown hotel to undergo multimillion-dollar renovation
The hotel has been closed since Hurricane Harvey damaged it.