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Labor’s Capital Reshaping Pittsburgh, London, Cities Around the World

In the heart of Pittsburgh’s Strip District, union pension funds are the stimulus for a $105 million redevelopment project that will revamp the largely vacant 1600-foot-long, 157,237 square-foot Pennsylvania Railroad Fruit Auction & Sales Building and surrounding area. Landon Butler’s original MEPT Fund (Multi-Employer Property Trust), a core fund with assets of $10 billion, is the lead investor. MEPT is now a part of BentallGreenOak (BGO) and together they have been named by Global Real Estate Sustainability Benchmark (GRESB) as the most sustainable real estate fund in North America. BGO MEPT is co-investing with the ERECT Funds, a regional construction trades RE fund which has made over 10

King's Cross has become London's biggest, buzziest tech hub

Move over Silicon Roundabout; London’s new tech destination is King’s Cross. The area directly around King’s Cross and St Pancras stations has become a hub for tech giants and startups alike – as well as notable academic and cultural institutions. Last year, Google started building its new “landscraper” London headquarters in King’s Cross. The structure, designed by Bjarke Ingel Group and Heatherwick Studio, will be longer than The Shard is tall at 312 metres, and will be equipped with a wellness centre, plenty of bike parking, and a roof garden planted with gooseberry and sage. Once completed, it will bring Google’s total number of offices in the area to three. Not to be outdone, Facebook s

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