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What`s new on campus.

CP Group has new partner in BRIC

The new partner in the joint venture is DRA Advisors, a New York-based real estate investment company with $11.2 billion in assets under management. Though news reports said DRA had bought the 123-acre, 1.7 million-square-foot complex where IBM developed the personal computer, CP Group Managing Partner Angelo Bianco called the transaction a “recapitalization,” not a sale.

New potential plans for former IBM campus

BOCA RATON, Fla. — IBM’s former home in Boca Raton could be in for a transformation. It's thanks to a new multi-million dollar investment. “$320 million, which is a massive, massive investment,” said Thomson. “I think a reflection of the fact that in Boca Raton, it's a great place to be, it’s an attractive place to be, and the DRA Advisors firm wanted to have a piece of the action.”