Development

The firm acquired 15 acres at Quantico Corporate Center, with plans to construct two flex industrial assets totaling 162,600 square feet.

The board also authorized $2.05 billion to develop a new AirTrain Newark to serve Newark Liberty International Airport. The new AirTrain would replace the existing three-mile monorail system that opened in 1996.

As part of the transaction Prologis plans to sell $3.5 billion of assets including $2.8 billion of non-strategic logistics properties and $700 million of office properties.

The approval process for the 19-story LEED Gold office tower, 200 Park, was streamlined due to the city's adoption of the downtown plan which allows conforming projects to be approved at a director's hearing.

Trammell Crow Co. and Washington Capital Management have broken ground on a 2.7 million square foot industrial project in Las Vegas known as Golden Triangle.

Austin led the state with a record-breaking median price of $315,500, and Terry Shuffler of Trendmaker Homes echoes that performance in this EXCLUSIVE discussion of the outlook for Austin housing.

Some of the most affordable investment beach towns are located in Texas' Gulf Coast, namely Port Aransas with 18 beachfront miles on Mustang Island, where the average 50-foot Gulf front lot costs less than $1 million.

Pinnacle Partners and developer Nitze-Stagen broke ground last week for Seattle's first Opportunity Zone development called Canton Lofts, a $30 million apartment building in the historic Pioneer Square.