SWFI First Read, January 6, 2016

TechCore Buys Data Center in Broomfield, Colorado

TechCore, LLC, an approximately US $1 billion discretionary core real estate fund managed by GI Partners on behalf of the California Public Employees’ Retirement System (CalPERS), acquired a property off 11525 Main Street located in Broomfield, Colorado. The building is a mission-critical data center facility containing 92,800 square feet. The property is fully occupied on a long-term basis by TIAA-CREF.

Standard & Poor’s Ratings Services Lowers Ratings for Alaskan Government

Standard & Poor’s Ratings Services lowered its rating on Alaska’s general obligation (GO) debt from AAA to AA+. The ratings agency also lowered Alaska’s appropriation-backed debt from AA+ to AA. The ratings agency said the “outlook on all debt ratings is negative.”

SOFAZ Plans to Back Southern Gas Corridor Project

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