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Prologis, Norges Buy 1, Sell More
The joint venture partners wrapped up the acquisition of a San Francisco-area industrial property and the disposition of a 3.1 million-square-foot national logistics portfolio, which was picked up by a Blackstone affiliate. Together, the transactions involved a total of $310 million.
REIT Gets SEC OK for St. Regis Aspen Resort IPO
Upon closing of the $33.5 million initial public offering, the company would become the first single-asset REIT to list on a U.S. securities exchange.
Former Home of American Stock Exchange Up for Lease
For the first time ever, a joint venture between GHC Development and Clarion Partners is opening up the historic building at 123 Greenwich St. in Manhattan.
C&W Arranges Sale of 2 Mixed-Use Manhattan Assets
Acting on behalf of separate sellers, the commercial real estate services firm secured buyers for the properties, both of which are located in the Flatiron District near the popular Madison Park submarket.
Savannah Industrial Building Commands $57M
Monmouth Real Estate Corp. purchased the new 831,764-square-foot building at 590 Northport Parkway, which has been net-leased to Shaw Industries for the next decade.
Microhotel Operator Opens Times Square Location
This marks the company’s fifth—and largest—property under the Pod flag. The 28-story building offers 665 guestrooms averaging about 115 square feet, as well as 45 suites.
How to Deal With a Skilled Labor Shortage: A Lesson From Miami
The Latin Builders Association created a charter school where students are trained in construction and engineering. LBA President Eric Montes de Oca explains how the project evolved and how the challenge in finding qualified workers impacts smaller companies.
AECOM Tapped to Build $1B Mixed-Use Asset in LA
Related Cos. selected the global engineering firm to take on the role of general contractor for The Grand, a transit-oriented development, which will include retail, a movie theater and a 314-key hotel.
Iconic Chicago Building’s Reno to Yield Increased Efficiencies
Equity Office, owner of the renowned Willis Tower, has selected technology firm Entic to help incorporate tools and practices at the 4.5 million-square-foot mixed-use office high-rise, which ranks as the tallest in the Windy City.
In 2017, Marriott Became More International than Ever
The world’s largest hotel company signed contracts for a record 55,000 guestrooms in markets outside North America, mostly targeting Europe and Asia.