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Both county executives called on the IRS to amend its proposed regulation that would significantly limit the ability of homeowners and individuals to deduct authorized state and local charitable contributions on their federal tax returns.
Kennedy Wilson's ownership in CB3 is 50%, with an initial equity investment of €68 million or approximately $79 million. Kennedy Wilson will act as the development and asset manager of the property.
A breakdown of the portfolio traded includes 46 buildings totaling 9.9 million square feet principally in Poland, France and Hungary and 40 buildings totaling 6.6 million square feet primarily in Seattle, Dallas and Chicago.
Plymouth Industrial has also signed a definitive agreement to acquire a 1.1-million-square-foot, multi-tenant Class B industrial property in Cincinnati for $24.8 million.