Travelers to Present at Barclays Capital Global Financial Services Conference
Posted on Sep 3, 2014 (17 days ago)
[Business Wire] - Jay Benet, Vice Chairman and Chief Financial Officer of The Travelers Companies, Inc. , is scheduled to speak at the Barclays Capital Global Financial Services Conference in New York City on Monday, Sept.
Principal Buys Travelers Stake in Lower Manhattan Tower
Posted on Sep 2, 2014 (18 days ago)
[at Bloomberg] - An affiliate of Principal Financial Group Inc. (PFG) bought a 49 percent stake in 77 Water St., a lower Manhattan office tower, from fellow insurer Travelers Cos. for $117.6 million. The interest in the 26-story building was acquired on behalf of institutional investors and 401(k) retirement fund clients, Des Moines , Iowa-based Principal said today in an e-mail. The other 51 percent of the tower is owned by the William Kaufman Organization, a New York real estate company. “This fits our overall strategy of owning well-leased, high-quality office buildings in gateway cities at a discount to replacement cost,” Jim Halliwell, managing director of Principal Real Estate Investors, said in the e-mail.