Ocean Partners

Lincoln Property Company and Cross Ocean Partners have acquired a distressed office campus in Addison, Texas, and plan a roughly $100 million renovation to reposition the property. The deal signals continued investor appetite for troubled office assets at steep discounts, with buyers betting that significant capital upgrades can revive demand in a struggling office market.

Australia has approved a seabed site where a Japanese company will store carbon pollution captured from industrial emissions, an approach known as carbon capture and storage. The move positions Australia as a partner in Japan's decarbonisation efforts and has drawn attention from environmental groups, who question whether burying greenhouse gases under the ocean floor is a reliable long-term climate solution.

NOAA and partner organizations are conducting a deep-sea mapping expedition in waters near the Northern Mariana Islands in the western Pacific. The effort aims to chart previously unexplored seafloor terrain and document marine habitats in one of the ocean's least studied regions. It forms part of ongoing federal and international initiatives to complete seabed mapping and support ocean science and conservation.

Omen AI is reported to be adding ocean expertise to its approach to data centre cooling. The story centres on how knowledge of oceans could help manage the heat generated by large-scale AI computing infrastructure. Details about the company's specific plans, partners or technology have not yet been made public, so the scale and timeline of the initiative remain unclear.

Sonardyne and Voyis are taking part in the NOAA Ocean Exploration Cooperative Institute underwater technology showcase at the University of Rhode Island. The event highlights new underwater sensing and imaging technologies being developed with NOAA partners to advance ocean exploration and mapping capabilities in the United States.

Cross Ocean Partners and Lincoln Property Company have acquired a roughly one-million-square-foot office property in Dallas and announced plans to invest $100 million in a renovation. The deal, reported by Connect CRE, signals continued investor interest in repositioning large office assets, with the planned makeover expected to modernize the property amid a challenging commercial real estate market.

Rhode Island businesses are gearing up for the Ocean State Business Expo & Networking event, scheduled for November 10 at the Crowne Plaza. The gathering offers local companies a chance to showcase products, connect with potential partners, and expand professional networks. Coverage in regional business news highlights it as a key date for the state's small business community ahead of the holiday season.

India has provided debt restructuring support to Sri Lanka and Zambia in 2024, framing the moves as development diplomacy aimed at sustainable economic recovery in both countries. Analysts highlight this as part of India's broader effort to position itself as a partner for nations facing debt distress, particularly in the Global South. The case studies examine how New Delhi balances economic interest with strategic influence across the Indian Ocean region and Africa.