Florida investment firm pays more than $30 million for Downtown office tower

The SunTrust building sold for about $31 million, according to county records filed last week, the seventh Downtown high-rise tower to be sold since December of 2013.

Mainstreet Capital Partners, a real estate investment company, purchased units in the 383,239 square-foot Class A building at 76 S. Laura St. from a number of entities, including the Parador Group, the largest owner of units in the building. The purchase price works out to about $81 per square foot.

Mainstreet, based in Fort Lauderdale,…

TerraForm’s $350 million wind play boosts stock price to record high

TerraForm Power, the solar operator subsidiary of Maryland Heights-based SunEdison, has agreed to buy a portfolio of five wind farm projects for $350 million.

The five wind farms, which are expected to generate adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) of $56 million a year on average during the next decade, are located in high wind areas of Oklahoma and Idaho.

The deal is subject to regulatory approval and is expected to close in the second quarter. Morgan…

NextEra Energy to build $640M Colorado wind farms

NextEra Energy Resources LLC, the biggest renewable-energy power company in North America and a subsidiary of the company that is buying Hawaiian Electric Co., is spending another $640 million on two massive new wind farms in eastern Colorado.

That’s on top of the “roughly $2 billion” the company has already invested in Colorado via seven existing wind farms that collectively generate 1,175 megawatts worth of power, spokesman Steve Stengel said.

The company — a unit of Juno Beach, Florida-based…

OpGen sets IPO price at $8 to $10 per share

Gaithersburg-based biotech OpGen Inc. could raise as much as $37.5 million in gross proceeds from its initial public offering.

The molecular diagnostics company, which announced plans for an IPO last month, will sell 3.75 million shares with a targeted price range of $8 to $10 per share, it said in a regulatory filing Monday.

It expects net proceeds of $30.5 million.

OpGen has not set a date for the stock offering. It will be managed by Maxim Group LLC.

OpGen will trade on the Nasdaq under the…

Hospital staff not impacted by latest round of cuts at Howard University

Howard University is cutting 84 positions — but those cuts will not impact hospital workers, officials said.

In a statement released Friday, Howard President Dr. Wayne Frederick said the decision to cut university jobs was needed to “ensure long-term financial stability.”

He said he did not expect cuts to adversely impact students. “Rest assured that the difficult decisions that we’re making today ensure that we can deliver on our promise to provide the premium quality academic experience and…