Amazon plans to open new fulfillment center in Pittsburgh
Amazon.com, Inc. plans to open its 15th Pennsylvanian operations facility, a new fulfillment center, in Pittsburgh, creating more than 800 new, full-time jobs starting at $15 an...
Blackstone completes $18.7bn acquisition
Blackstone has closed on its previously announced acquisition of U.S. logistics assets from three of GLP’s U.S. funds for a purchase price of $18.7...
Commercial property portfolio in Austin sold to CIM Group
CIM Group has acquired a 270,000-square-foot commercial property portfolio in Austin, consisting of two office buildings located at 618 Tillery Street and 507 Calles...
U.S CRE executives expect positive market conditions in 2020
U.S commercial real estate (CRE) executives report solid fundamentals are countering concerns about economic uncertainty and geopolitics, maintaining an optimistic outlook for market conditions...
Morgan Stanley raises $5.5bn for third global infrastructure fund
-Morgan Stanley Investment Management Raises $5.5 Billion for Its Third Global Infrastructure Fund
Morgan Stanley Infrastructure Partners has raised $5.5 billion for North Haven Infrastructure...
Caesars, VICI Properties sell Harrah’s Reno for $50m
Caesars Entertainment and VICI Properties have signed an agreement to sell Harrah’s Reno Hotel and Casino to an affiliate of CAI Investments for $50...
Franklin Templeton to acquire Legg Mason for $4.5bn
Franklin Resources, Inc., a global investment management organization operating as Franklin Templeton, has agreed to acquire Legg Mason, Inc. for $4.5 billion or $50.00...
KBS repositions office campus in San Jose, California
-KBS Repositions and Rebrands Five-Building Office Campus in San Jose, CA; Leases 314,710 Square-Feet in Less Than Six Months Post Renovation
-KBS created 100,000 square-feet...
SL Green sells 609 Fifth Avenue retail condominium for $168m
SL Green Realty Corp. an S&P 500 company and a fully integrated real estate investment trust, or REIT, announced it has entered into a...
U.S. hotel industry reported unprecedented lows during April 2020, says STR
Due to expanded restrictions around the COVID-19 pandemic, the U.S. hotel industry reported unprecedented lows during April 2020, according to data from STR.
In a year-over-year...
JC Penney to close 154 stores
JC Penney announced that it plans to close 154 stores as a part of its store optimization strategy. Closing sales are expected to begin...
Piedmont completes sale of 45-story office tower in Philadelphia
Piedmont Office Realty Trust, Inc. (Piedmont) has completed the sale of 1901 Market Street, a 45-storey Class-A office tower in Philadelphia for approximately $360 million, or $450 per...
