Real estate legend Gerald D. Hines dies at age 95
Gerald D. Hines, the founder and chairman of the preeminent real estate firm, Hines, has passed away at age 95 on Sunday, August 23,...
Amazon leases 95,000 square feet at Cousins’ 100 Mill development in Tempe
Atlanta-based REIT Cousins Properties announced that Amazon has leased approximately 95,000 square feet at its 100 Mill development project, a 287,000 square foot, 18...
EQT Infrastructure to acquire data center provider EdgeConneX
EQT Infrastructure announced that the EQT Infrastructure IV fund has agreed to acquire EdgeConneX, a global data center provider, from an investor group led...
Amazon to open new sites across Phoenix metro area
Amazon.com, Inc. announced plans to open 11 new sites across the Phoenix metro area to support customer fulfillment and delivery operations.
The new facilities expected to...
Amazon to invest $1.4bn in new offices across six cities in United States
Amazon announced Tuesday that it plans to create 3,500 new tech and corporate jobs across six cities in the United States. The company will...
Moody’s Analytics forecasts US office vacancy rate hitting historic high of 19.9% in 2021
Moody’s Analytics today announced its new forecasts for commercial real estate (CRE) rents and vacancies, covering eight property types and more than 3,000 submarkets...
Chicago’s iconic office building sold for $376 million
A joint venture between SHVO and Deutsche Finance America has completed the acquisition of 333 South Wabash Avenue in Chicago’s East Loop, an iconic...
July increase in retail sales continues recovery from coronavirus pandemic
Retail sales continued to recover from the impact of the coronavirus pandemic in July, growing more slowly than the month before but adding to...
Apple Hospitality REIT buys two Hyatt hotels in Tempe, Arizona
Apple Hospitality REIT said it has acquired the new 105-room Hyatt House and 154-room Hyatt Place in Tempe, Arizona for $64.6 million.
“We are pleased...
WeWork secures new $1.1bn commitment from Softbank
The We Company, a parent organization of WeWork, told employees on Thursday that it cut its cash burn rate almost in half to US$671...
SHVO and Deutsche Finance close on acquisition of 333 South Wabash, Chicago’s iconic “Big...
The joint venture led by SHVO and Deutsche Finance America closed today on the acquisition of 333 South Wabash Avenue in Chicago’s East Loop...
Cushman & Wakefield sells premier medical office building in Maryland for $160M
Cushman & Wakefield (NYSE: CWK) announced the $160 million sale of the Barlow Building, located at 5454 Wisconsin Ave. in Chevy Chase, Maryland. Cushman...
