Online grocer FreshDirect has raised $189 million in a round that will fund the company's expansion to new markets. FreshDirect, which has largely served the New York and Philadelphia areas since launching in 2002, recently began a one-hour delivery service called FoodKick in Brooklyn, N.Y.
Getinge has made a bid to buy Pulsion Medical Systems, a German maker of cardiac monitors, for about $189 million in a deal that could be finalized in the first quarter of next year. With Pulsion having a global sales force of about 130 people, Getinge expects to bolster the commercial rollout of its Eirus device designed for continuous lactate and glucose monitoring.
Starwood Capital Group Chairman and CEO Barry Sternlicht says that financing available for commercial real estate now is ideal as the spread between low interest rates and the money that real estate generates is "truly astonishing." Assets can still be purchased below replacement costs, he noted.
Global prime markets are now fully valued and investors will likely pay more attention to secondary markets this year, says David Green-Morgan, global capital markets research director at Jones Lang LaSalle. He also noted that the Asia-Pacific region suffered from the cooling measures in China last year but now the Chinese economy is gathering steam. Also, property investors are diversifying their portfolios with bricks-and-mortar investments and REIT shares.