Northeast

The cargo growth was bolstered by a 2.6% increase in imported goods including clothing, furniture, electronics and other everyday products over the previous record for imports set in 2018.

The financing was arranged by JLL Capital Markets and provided by Prime Finance for the 330,631-square-foot office building that PAG Investments purchased from Mack-Cali Realty of Jersey City in late 2019.

With opportunity zones fueling new development activity, could construction costs start to increase again in 2020?

Amenities that focus on a wow-factor and interactivity will continue to be a focus this year.

The Whittle School & Studios has entered a 20-year, 620,000-square-foot lease with Tishman Speyer at The Wheeler in Downtown Brooklyn.

Coworking firm WeWork has appointed former Brookfield Properties chief executive Sandeep Mathrani as chief executive officer of the company.

The owner and developer of the Philadelphia site, Richard Zeghibe—founder of Patriot Parking—is expecting to break ground on the building in the second quarter of 2020 and plans to complete construction in the fourth quarter of 2021.

Blackstone is all-in on industrial, viewing the favored asset class that has seen vacancies at record-lows as poised for even greater growth, and is tapping the retail market more broadly through its non-traded REIT BREIT.