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Altenau will lead the firm's Debt Capital Markets platform for Chicago and the Midwest. Yarnoff will partner with Altenau in growing the company's business and execution of large, highly complex structured real estate financings as well as middle market financings across all asset types and service lines.

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.

The new owner plans to undertake a $20-million capital improvement program at the property that consists of 26 three-story apartment buildings spread out over 10 acres.

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.

Dubbed The Company Building, 335 Madison is meant to serve as a hub for the city's top talent with its campus feel.

Ten-X President Maureen Waters says, "In 2020, for us, it is all about the data."

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.

The five-year fund has a preferred return of 9% to 10%, and a target return of 11% to 13% annualized net of fees and expenses.