Watertown, Mass.-based Selecta Biosciences aims to raise $64 million in an initial public offering. The firm's lead candidate is a treatment for refractory and chronic tophaceous gout in Phase I trials.
Benvenue Medical, maker of the Kiva VCF system designed to offer an alternative to balloon kyphoplasty in treating vertebral compression fractures and degenerative disk disease, has secured $24 million in a debt funding round as well as $40 million in Series E financing. The startup will use part of the money to expand its U.S. commercialization initiatives.
Swire Properties has acquired a site close to its Brickell CityCentre project in Miami for $64 million. The 1.55-acre site will be incorporated into CityCentre, which will include a retail center, a hotel, office and two apartment buildings.
The Lenexa, Kan., City Council has approved a $64 million, 552-unit luxury apartment complex, going against the Planning Commission, which rejected the proposal because of concern about density and traffic. The complex is part of the larger City Center plan, which includes pedestrian-friendly features, offices, retail space and a civic center spread over 200 acres.
American Realty Capital Trust plans to make $64 million in acquisitions, emphasizing sale-leaseback transactions. "We're focused on durable income streams," Nicholas S. Schorsch, chairman and CEO, said on Jim Cramer's "Mad Money." Other criteria include an emphasis on retail and avoiding real estate that could be difficult to lease.