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PGIM Continues Buying Spree With $275M Deal
The company acquired a recently completed 2.2 million-square-foot industrial portfolio in New Jersey.
COVID-19 Boosts Demand for Single-Tenant Drugstores
Cap rates for the property type increased while available stock declined, according to a new report from The Boulder Group.
Blackstone, Prologis Complete $618M UK Logistics Deal
The private equity giant acquired 4.3 million square feet of industrial buildings, along with land for development, from the world’s largest industrial REIT.
SHVO Closes on $650M Transamerica Pyramid Buy
The acquisition of the iconic San Francisco property marks the country’s largest single-asset transaction since the onset of the pandemic.
Gaming and Leisure Properties to Buy 2 Casinos for $484M
The three-party deal will involve the purchases of both an Indiana casino from Caesars Entertainment and a Delaware casino from Twin River Worldwide Holdings, with both properties to be leased to Twin River.
Behind Investcorp’s $280M Portfolio Acquisition
A newly constructed fulfillment center leased by Amazon in a Cleveland suburb was among the 32 assets the company purchased in four major U.S. markets.
Q3 Retail Fundamentals Deteriorate Further, CBRE Finds
Total net absorption saw its largest decline since the Great Recession, according to the firm’s latest report.
Publix to Expand $400M Greensboro-Area Warehouse Project
The grocery chain will add a 1.2 million-square-foot dry goods warehouse to an in-progress 1 million-square-foot refrigerated facility.
CubeSmart Strikes $540M NYC Self Storage Deal
The blockbuster transaction will add nearly 800,000 rentable square feet to the storage giant’s platform in Queens, Brooklyn and the Bronx.
How the ‘Shrinking Middle’ Is Impacting the Office Market
At CoreNet Global’s Virtual Summit, Richard Barkham of CBRE explained why mid-level jobs are disappearing and how the trend is changing the workplace.