News

The project at 100 Ridge Road was a former Union Carbide operated site for nearly 80 years and employed thousands of employees at its pinnacle.

A 2-acre Worldcenter site and a five-building retail portfolio are up for sale.

Prologis chairman/CEO Hamid Moghadam says markets remain healthy, driven by customers who are prioritizing proximity to consumers to offset supply chain costs such as labor and transportation.

Supply-constrained West Coast markets continue to add jobs and grow incomes at a sufficient pace to maintain market rent growth near long-term averages, says Michael Schall, Essex president/CEO.

Lender LoanCore Capital provided a $167 million loan for the 21-story mixed-use office property.

Solstice Residential Group has entered a lease for 11,047 square feet at 55 Broad Street in Manhattan's Financial District.

State officials note that Amazon plans to invest more than $30 million in the new facility and the project will create approximately 800 new, full-time jobs at the property in Findlay Township.

CTO will seed the new REIT with a portfolio of 20 of its single-tenant net lease income properties.