Shine Medical Technologies, a Janesville, WI-based company that’s working to resume domestic production of a vital medical isotope, said Tuesday that Deerfield Management, a New York-based investing firm, has agreed to pour up to $150 million into Shine’s coffers in the coming years. Shine executives had previously told company shareholders it was on the verge of striking an agreement with Deerfield for up to $160 million in secured debt financing, as Xconomy reported earlier this week. … Read more at Xconomy.
Council Members Plan to Introduce Bills to Legalize E-Scooters in NYC
Brace yourselves, New Yorkers: E-scooters may soon be on city streets. City Council members Ydanis Rodriguez and Rafael Espinal will introduce several bills this week with the goal of legalizing both electric scooters, such as those operated by Bird and Lime, and electric bicycles. … Read more at Curbed New York.
COMMERCIAL REAL ESTATE
BP Gas Station in Huntington Station Sold for $1.4 Million
A Huntington Station gas station property has sold for $1.4 million. The .55-acre site at 231 Walt Whitman Road is occupied by a BP gas station. Leon Petroleum, which has been the tenant and station operator at the property, is the buyer. … Read more at Long Island Business News.
INDUSTRIAL REAL ESTATE
Hampshire Cos. Sells North Jersey Industrial Site for $51 Million
The Hampshire Cos. has sold an industrial building at 700 Union Blvd. in Totowa, completed this year, for $51 million. Commercial real estate company Holliday Fenoglio Fowler LP, who marketed the 382,596-square-foot building on behalf of The Hampshire Cos., announced the sale Tuesday. … Read more at NJ Biz.