Including debt, the deal is valued at $12.6 billion. Prologis is buying a portfolio of 107 million square feet of logistics properties that’s owned or managed, as well as buildings under construction and land for future development.
The Trump Organization has hired JLL to market Trump International Hotel in D.C., reports the Wall Street Journal. The WeWork debacle could result in defaults in the CMBS sector, according to Fortune. These are among today’s must reads from around...
The New York Times looks at the collapse of Forever 21. Forbes identifies 11 upcoming trends in the real estate industry. These are among today’s must reads from around the commercial real estate industry.
Crain’s New York Business looks at the winners and losers in WeWork’s bailout by SoftBank. The Treasury yield has been normalizing in recent weeks, according to Reuters. These are among today’s must reads from around the commercial real estate...
Independent hotels struggle as big chains continue to grow, reports the New York Times. Opportunity Zone funds fall short of expectations, according to the Wall Street Journal. These are among today’s must reads from around the commercial estate...
Destination Maternity is preparing to file for bankruptcy, CNBC reports. Legg Mason is starting its first commercial real estate fund, according to ThinkAdvisor. These are among today’s must reads from around the commercial real estate industry.
The Federal Reserve eyes another rate cut ahead of its meeting in two weeks, reports the Wall Street Journal. Increasing number of skyscrapers indicates the market is potentially near a market top, according to MarketWatch. These are among today's...
The Federal Reserve’s Beige Book shows the U.S. economy slowing at a modest pace, reports MarketWatch. SoftBank, J.P Morgan Chase are both submitting bids to bailout WeWork, according to CNBC. These are among today’s must reads from around the...
WeWork’s bonds fell to a new low this week, reports the Wall Street Journal. Global banks saw a significant increase in earnings from government-backed U.S. mortgage securities in the first half of the year, according to Reuters. These are among...
Saks and Authentic Brands have made a bid for Barneys, reports the Wall Street Journal. San Francisco Chronicle looks at the seismic safety of the city’s office towers. These are among today’s must reads from around the commercial real estate...
