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...
Amazon hiring 100,000 new employees in U.S, Canada
Amazon.com Inc. is hiring 100,000 full and part-time employees across the U.S. and Canada in addition to 33,000 corporate and technology jobs announced last week.
The roles offer...
ICSC forecasts increased spending, longer holiday shopping season
ICSC expects 1.9 percent spending increase, bolstered by an earlier start to holiday shopping
Consumers are expected to provide a boost for retailers this holiday...
Volkswagen Group of America signs lease for new headquarters in Northern Virginia
Volkswagen Group of America has signed a lease agreement with Boston Properties as an anchor tenant in Northern Virginia’s Reston Town Center development.
Volkswagen Group...
