News

JLL's analysis of the data center industry reveals that the US, Canada, EMEA and APAC amassed a staggering 421.2 megawatts, with the US and Canada leading absorption, up 31.9% from YOY 2017.

The $148 million sale resulted in an approximate $100 million gain for Medical Properties Trust which plans to use proceeds to make additional investments in US hospital real estate and elsewhere.

The Durst Organization and WeWork confirm with GlobeSt.com that their negotiations will not result in the coworking space provider's leasing at One World Trade Center.

REBNY says rising interest rates, tariffs, and concerns about the implications of tax reform—along with uncertainty surrounding an unstable political environment in the United States, were key factors in the decline in overall broker confidence.

The private equity firm, which also has offices in Bloomfield, MI, began marketing the fund in late 2017 with an initial target of $450 million. Center Rock Capital reports today the fund has closed with limited partner capital commitments totaling $580 million.

The partnership between Potomac, MD-based Foulger-Pratt and Cerberus Capital Management of New York City purchased One Discovery Place from Discovery Communications.

The REIT has acquired a 1,225-asset portfolio for $140 million.

The purchase of RKF, according to Robert K. Futterman, who will serve as chairman of Newmark RKF, Newmark's retail leasing division, will bring Newmark Group “one step closer to creating a platform that will reshape and significantly impact the retail industry.”