WeWork announces SoftBank deal, Adam Neumann to become board observer
SoftBank Group Corp. and WeWork’s parent organization The We Company announced an agreement under which SoftBank commits to provide significant funding to WeWork.
The agreement includes...
Japanese firm buys office building in New York
Japanese Shimizu Corporation has acquired Albano Building, an office property located in Manhattan, New York from Vanbarton Group, the real estate investment company headquartered...
Safehold closes a new $285m ground lease in New York City
Safehold Inc. (NYSE: SAFE) has closed on the previously announced $285 million Safehold™ ground lease under the office property at 135 West 50th Street in...
Prologis completes $4bn acquisition of IPT
Prologis, Inc. has completed the acquisition of the wholly owned real estate assets of Industrial Property Trust Inc. (IPT) for approximately $4 billion in cash, including...
Amazon announces first Iowa fulfillment center
New 645,000square-foot site in the city of Bondurant to create 1,000 new, full-time jobs
Amazon.com, Inc. announced plans to open its first fulfillment center in...
Park Hotels & Resorts takes action to mitigate COVID-19 impact
Park Hotels & Resorts Inc. announced it is has taken various actions, independently and in coordination with its hotel management companies, to mitigate the...
US Foods completes acquisition of Smart Foodservice Warehouse Stores
US Foods Holding Corp. (NYSE: USFD) announced that it has successfully completed the previously announced $970 million all cash acquisition of Smart Foodservice Warehouse...
NIKE, Inc. provides COVID-19 update on operations
As of today, 100 percent of NIKE-owned stores and over 95 percent of partner stores in Greater China and South Korea are open, with...
Service Properties Trust sells industrial property for $51m
Service Properties Trust (Nasdaq: SVC), a real estate investment trust, or REIT, has sold a 674,143 square foot industrial property located at 555 Turnpike...
CoStar closes acquisition of Ten-X Commercial for $190m
CoStar Group has completed the previously announced acquisition of Ten-X Commercial for $190 million in cash.
“We are pleased that we were able to close...
CBRE: New York City retail sector adapt to new reality
New York City’s retail sector experienced significant deceleration in leasing activity in the first half of 2020 intensified by the COVID-19 pandemic, according to CBRE’s...
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...
