In the portfolio: A New Jersey real estate investment trust has acquired the 11,075-square-foot building currently housing the physical rehabilitation facility for Ochsner Clinic Foundation. Four Springs Capital Trust announced the acquisition this morning. Terms of the deal were not disclosed. The renovated property presented a “rare opportunity” for the trust to acquire an asset in a heavily trafficked retail corridor next to a premier medical campus, Jared Morgan, senior vice president and head of acquisitions at Four Springs Capital Trust, says in a statement. The trust owns 49 properties in 22 states. Read more.
Lit up: The next phase of improvements for the sails shading the downtown “paper clip” dock includes the installation of LED lights that change colors with seasonal activity, DDD CEO Davis Rhorer says. Builders recently installed the sails on the frames of the dock’s paper clip structures, which were lit up Friday night and frame images of the downtown skyline. The city-parish Public Works Buildings & Grounds staff will be cleaning the steel frame, painting it and adding lights over the next week. For now, nearby attractions like Louisiana Art & Science Museum and USS Kidd are encouraged to use the space as an extension of their activities.
Making amends: Uber’s new CEO apologized for the company’s past mistakes this morning in a public attempt to show London authorities that the company is willing to change to retain its right to operate in the city. The apology comes days after London’s transport authorities decided not to renew Uber’s license to operate, citing a lack of corporate responsibility, CEO Dara Khosrowshahi acknowledged that the company “has got things wrong” during its global expansion. Uber will appeal the transport authority decision. The Associated Press has more.
