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Arlene and Jordan Schnitzer give PSU $1M for Judaic studies

Arlene and Jordan Schnitzer give PSU $1M for Judaic studies

One of Portland’s most prominent philanthropic families has given Portland State University a massive gift to help spur Judaic studies. The Harold & Arlene Schnitzer Family Fund of the Oregon Jewish Community Foundation gave $1 million to create a new scholarship program within PSU’s Judaic Studies program. The money was given on behalf of Arlene Schnitzer and Jordan Schnitzer. The Schnitzer family’s name adorns Portland’s most-prominent arts performance space as well as several other spots around…

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Compass acquires Pacific Union in powerhouse brokerage combination that could reshape Bay Area real estate

Compass acquires Pacific Union in powerhouse brokerage combination that could reshape Bay Area real estate

Compass, a real estate brokerage and technology platform valued at $2.2 billion, has purchased San Francisco-based brokerage Pacific Union International, the firm said Wednesday. The move comes at the heels of Compass snapping up Paragon Real Estate Group, also based in San Francisco, less than two months ago. “In recent years, real estate professionals and brokerage firms have been reacting to the world others are attempting to create,” Robert Reffkin, founder and CEO of Compass, said in a…

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Tesla rival lowers targets a bit on its upcoming IPO

Tesla rival lowers targets a bit on its upcoming IPO

Nio Inc., the Chinese electric car maker whose U.S. headquarters is in San Jose, set price targets for its upcoming IPO that are lower than it initially projected. The Tesla Inc. rival said in a filing on Tuesday that it hopes to raise up to $1.5 billion, down from $1.8 billion when it first filed two weeks ago. It launched an investor road show in Hong Kong on Wednesday and plans its Wall Street debut in the middle of next month. Nio said it will offer 160 million American depositary shares for…

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